# EDGAR Filing Document

**Accession Number:** 0001144208
**File Stem:** 0001144208-26-000004
**Filing Date:** 2026-4
**Character Count:** 26027
**Document Hash:** e21b415b28329d8353c799843ab5f5b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001144208-26-000004.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001144208-26-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLUEFIN CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001144208

**ORGANIZATION NAME:**
- **EIN:** 134176094
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20399
- **FILM NUMBER:** 26911785

**BUSINESS ADDRESS:**
- **STREET 1:** 41 MADISON AVENUE
- **STREET 2:** 36TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 646--915-1832

**MAIL ADDRESS:**
- **STREET 1:** 41 MADISON AVENUE
- **STREET 2:** 36TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLUEFIN TRADING, LLC
- **DATE OF NAME CHANGE:** 20200106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLUEFIN CAPITAL MANAGEMENT, LLC
- **DATE OF NAME CHANGE:** 20200106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLUEFIN TRADING, LLC
- **DATE OF NAME CHANGE:** 20040213

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BLUEFIN CAPITAL MANAGEMENT LLC<br>**Address:** 41 MADISON AVENUE<br>36TH FLOOR<br>NEW YORK, NY 10010

**Form 13F File Number:** 028-20399

**CRD Number (if applicable):** 000113892

**SEC File Number (if applicable):** 8-53382

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jeffrey Jacobus<br>**Title:** Chief Compliance Office<br>**Phone:** 646-963-2717

**Signature, Place, and Date of Signing:**

/s/ Jeffrey Jacobus  New York, NY  02-16-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 198

**Form 13F Information Table Value Total:** $403833190

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGNC INVT CORP | COM | 00123Q104 | BBG001T074G2 | 1921024 | 179200 | SH |  | SOLE |  | 179200 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 | BBG001T074G2 | 250 | 64000 | PRN | Put | SOLE |  | 64000 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 | BBG001T074G2 | 3546 | 177300 | SH | Put | SOLE |  | 177300 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JWB1 | 8862 | 147700 | PRN | Call | SOLE |  | 147700 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1752487 | 5599 | SH |  | SOLE |  | 5599 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 627600 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 | BBG001S5T8T5 | 970591 | 16833 | SH |  | SOLE |  | 16833 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 242151 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 2404675 | 6500 | SH |  | SOLE |  | 6500 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 | BBG001S5NPQ6 | 438925 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 1243778 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| AMPLIFY ETF TR | AMPLIFY JUNIOR S | 032108649 | BBG01L6XWL92 | 21527260 | 778000 | SH |  | SOLE |  | 778000 | 0 | 0 |
| AMPLIFY ETF TR | AMPLIFY JUNIOR S | 032108649 | BBG01L6XWL92 | 54902 | 377000 | SH | Put | SOLE |  | 377000 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 | BBG01J1GY084 | 6244 | 44600 | SH | Call | SOLE |  | 44600 | 0 | 0 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 300564 | 12100 | SH |  | SOLE |  | 12100 | 0 | 0 |
| AVIDITY BIOSCIENCES INC | COM | 05370A108 | BBG00FQ7LXX0 | 721300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG001S7H949 | 524076 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 | BBG001S5W4F5 | 385503 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 5259042 | 97498 | SH |  | SOLE |  | 97498 | 0 | 0 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | BBG001S6VV46 | 1851474 | 32700 | SH |  | SOLE |  | 32700 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 | BBG001S7PC34 | 493200 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 824233 | 5408 | SH |  | SOLE |  | 5408 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG001SP50B3 | 29417405 | 795065 | SH |  | SOLE |  | 795065 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG001SP50B3 | 873 | 174600 | PRN | Put | SOLE |  | 174600 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | BBG001SP50B3 | 3003980 | 1204000 | SH | Put | SOLE |  | 1204000 | 0 | 0 |
| CIPHER MINING INC | COM | 17253J106 | BBG00XYHY0L1 | 200441 | 13580 | SH |  | SOLE |  | 13580 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 1902641 | 24700 | SH |  | SOLE |  | 24700 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 | BBG012C765M3 | 482400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| COGENT COMMUNICATIONS HLDGS | COM NEW | 19239V302 | BBG001SC5GP2 | 3406588 | 158005 | SH |  | SOLE |  | 158005 | 0 | 0 |
| COGENT COMMUNICATIONS HLDGS | COM NEW | 19239V302 | BBG001SC5GP2 | 620465 | 400300 | SH | Call | SOLE |  | 400300 | 0 | 0 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 | BBG001SJYNK5 | 2429733 | 100777 | SH |  | SOLE |  | 100777 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | *W EXP 01/23/202 | 21874A114 |  | 1382330 | 163396 | SH |  | SOLE |  | 163396 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 1489095 | 102273 | SH |  | SOLE |  | 102273 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 1214 | 242600 | PRN | Call | SOLE |  | 242600 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 427004 | 1638400 | SH | Call | SOLE |  | 1638400 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 | BBG01L5GH1G3 | 716065 | 494700 | SH | Put | SOLE |  | 494700 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 72344432 | 1010256 | SH |  | SOLE |  | 1010256 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 901 | 180100 | PRN | Call | SOLE |  | 180100 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 17643663 | 4223700 | SH | Call | SOLE |  | 4223700 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 14450754 | 1150600 | SH | Put | SOLE |  | 1150600 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ49 | 166810 | 334300 | PRN | Put | SOLE |  | 334300 | 0 | 0 |
| COSAN S A | ADS | 22113B103 | BBG00YPGPD88 | 197500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| COURSERA INC | COM | 22266M104 | BBG002WLDMY3 | 553472 | 75200 | SH |  | SOLE |  | 75200 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 634880 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| DEERE  CO | COM | 244199105 | BBG001S5QFF7 | 1536381 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| DIREXION SHS ETF TR | DAILY 20+ YEAR T | 25460G138 | BBG001T0GVX3 | 511284 | 13700 | SH |  | SOLE |  | 13700 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 500588 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 | BBG001T048Z5 | 326100 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ELME COMMUNITIES | SH BEN INT | 939653101 | BBG001S5XJD3 | 1146643 | 65899 | SH |  | SOLE |  | 65899 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 3760314 | 228036 | SH |  | SOLE |  | 228036 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | BBG001SDHNW4 | 44944 | 94600 | SH | Put | SOLE |  | 94600 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | BBG001S9P0Z1 | 461664 | 14400 | SH |  | SOLE |  | 14400 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 | BBG001S5TRL1 | 713625 | 6500 | SH | Put | SOLE |  | 6500 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 | BBG00Z6DX607 | 1765208 | 15995 | SH |  | SOLE |  | 15995 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 276782 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| FG MERGER II CORP | RIGHT 02/11/2030 | 30334J128 | BBG01S6Z72D7 | 89121 | 162039 | SH |  | SOLE |  | 162039 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 | BBG001SCW8R8 | 700270 | 29300 | SH |  | SOLE |  | 29300 | 0 | 0 |
| FORWARD AIR CORP | COM | 34986A104 | BBG001SC0FW1 | 870840 | 106200 | SH | Call | SOLE |  | 106200 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 | BBG001YCZQ07 | 340630 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 | BBG001YCZQ07 | 8462 | 23000 | SH | Put | SOLE |  | 23000 | 0 | 0 |
| GEN DIGITAL INC | RIGHT 99/99/9999 | 668771116 | BBG01R72Q570 | 246308 | 54493 | SH |  | SOLE |  | 54493 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 | BBG001SJ0DH8 | 903000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| GETTY IMAGES HOLDINGS INC | CL A COM | 374275105 | BBG017RQJJH6 | 404794 | 302086 | SH |  | SOLE |  | 302086 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG001S6Y1X7 | 969646 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 | BBG001T8JBX7 | 1493232 | 20800 | SH |  | SOLE |  | 20800 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X SILVER | 37954Y848 | BBG001SSPRJ8 | 7441632 | 89100 | SH |  | SOLE |  | 89100 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X SILVER | 37954Y848 | BBG001SSPRJ8 | 5020 | 50200 | SH | Put | SOLE |  | 50200 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 | BBG001TF8NP6 | 18587550 | 435000 | SH |  | SOLE |  | 435000 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 | BBG001TF8NP6 | 207795 | 337500 | SH | Put | SOLE |  | 337500 | 0 | 0 |
| GLOBAL X FDS | US PFD ETF | 37954Y657 | BBG00HPF2LX6 | 286657 | 15159 | SH |  | SOLE |  | 15159 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG001SC07Z6 | 1582200 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| GREYSTONE HOUSING IMPACT INV | BEN UNIT CTF | 02364V206 | BBG001S5NXK5 | 711055 | 103201 | SH |  | SOLE |  | 103201 | 0 | 0 |
| GRINDR INC | COM | 39854F101 | BBG00YV3H7V6 | 697621 | 51523 | SH |  | SOLE |  | 51523 | 0 | 0 |
| GRINDR INC | COM | 39854F101 | BBG00YV3H7V6 | 8632 | 139000 | SH | Call | SOLE |  | 139000 | 0 | 0 |
| GRINDR INC | COM | 39854F101 | BBG00YV3H7V6 | 5000 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| HA SUSTAINABLE INFRA CAP INC | COM | 41068X100 | BBG0044K5DN3 | 817180 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 | BBG001S5RS59 | 1000 | 200000 | SH | Put | SOLE |  | 200000 | 0 | 0 |
| HASBRO INC | COM | 418056107 | BBG001S5RSQ6 | 237800 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| ICAHN ENTERPRISES LP | DEPOSITARY UNIT | 451100101 | BBG001S5NBT4 | 256700 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| ICAHN ENTERPRISES LP | DEPOSITARY UNIT | 451100101 | BBG001S5NBT4 | 3735 | 24900 | SH | Put | SOLE |  | 24900 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG001S5SF65 | 294281 | 139700 | SH | Call | SOLE |  | 139700 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 296210 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 812023 | 4239 | SH |  | SOLE |  | 4239 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 27656236 | 45020 | SH |  | SOLE |  | 45020 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 219725 | 87500 | SH | Call | SOLE |  | 87500 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 4862 | 95200 | PRN | Call | SOLE |  | 95200 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 786700 | 122500 | SH | Put | SOLE |  | 122500 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | BBG001SFN5N1 | 20995 | 134800 | SH | Put | SOLE |  | 134800 | 0 | 0 |
| ISHARES INC | MSCI JAPAN ETF | 46434G822 | BBG001S8SYN9 | 621698 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 | BBG001SFGL81 | 979442 | 15417 | SH |  | SOLE |  | 15417 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 | BBG001S8MLN3 | 575256 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 | BBG001S8MLN3 | 825 | 55000 | PRN | Call | SOLE |  | 55000 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 | BBG001S80936 | 503590 | 5237 | SH |  | SOLE |  | 5237 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 | BBG001SMDNB1 | 1558403 | 40700 | SH |  | SOLE |  | 40700 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 412578 | 3433 | SH |  | SOLE |  | 3433 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 244470 | 3032 | SH |  | SOLE |  | 3032 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 1224 | 51000 | PRN | Put | SOLE |  | 51000 | 0 | 0 |
| ISHARES TR | MSCI CHINA ETF | 46429B671 | BBG001S56D46 | 576672 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 1846657 | 19230 | SH |  | SOLE |  | 19230 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | BBG001SK77D5 | 524 | 20000 | PRN | Put | SOLE |  | 20000 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 | BBG001S8SYX8 | 391422 | 8900 | SH |  | SOLE |  | 8900 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 1255416 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| ISHARES TR | TIPS BD ETF | 464287176 | BBG001SD9RM5 | 549550 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ITAU UNIBANCO HLDG S A | SPON ADR REP PFD | 465562106 | BBG001S65TL1 | 663718 | 92698 | SH |  | SOLE |  | 92698 | 0 | 0 |
| KEYCORP | COM | 493267108 | BBG001S5SKV6 | 237360 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| KODIAK AI INC. | *W EXP 09/25/203 | 500081112 |  | 128428 | 83940 | SH |  | SOLE |  | 83940 | 0 | 0 |
| KOHLS CORP | COM | 500255104 | BBG001S71NV5 | 340847 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 | BBG004XB9HZ5 | 60020 | 120400 | SH | Put | SOLE |  | 120400 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 | BBG003CVMLR1 | 2806169 | 66989 | SH |  | SOLE |  | 66989 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 | BBG003CVMLR1 | 75150 | 300600 | PRN | Put | SOLE |  | 300600 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 | BBG001V0GFD7 | 1452615 | 42117 | SH |  | SOLE |  | 42117 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 | BBG001V0GFD7 | 263775 | 89500 | SH | Call | SOLE |  | 89500 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 | BBG001V0GFD7 | 26835 | 81000 | SH | Put | SOLE |  | 81000 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 725505 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| MACYS INC | COM | 55616P104 | BBG001S6KRW6 | 652680 | 29600 | SH |  | SOLE |  | 29600 | 0 | 0 |
| MACYS INC | COM | 55616P104 | BBG001S6KRW6 | 1098 | 30000 | PRN | Put | SOLE |  | 30000 | 0 | 0 |
| MBIA INC | COM | 55262C100 | BBG001S5T021 | 492529 | 68789 | SH |  | SOLE |  | 68789 | 0 | 0 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 | BBG001S7WM61 | 1412000 | 282400 | SH |  | SOLE |  | 282400 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 236312 | 358 | SH |  | SOLE |  | 358 | 0 | 0 |
| MILLROSE PPTYS INC | COM CL A | 601137102 | BBG01RQYH427 | 716880 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 1260463 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 | BBG0035TJHL3 | 202806 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| NET LEASE OFFICE PROPERTIES | COM | 64110Y108 | BBG01JKVZRT7 | 773597 | 29996 | SH |  | SOLE |  | 29996 | 0 | 0 |
| NET POWER INC | *W EXP 06/08/202 | 64107A113 |  | 18804 | 37607 | SH |  | SOLE |  | 37607 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 8410272 | 89700 | SH |  | SOLE |  | 89700 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 5637 | 135800 | SH | Call | SOLE |  | 135800 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 775 | 31000 | PRN | Call | SOLE |  | 31000 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 773940 | 300000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| NEURONETICS INC | COM | 64131A105 | BBG001SSSWY7 | 28893 | 20937 | SH |  | SOLE |  | 20937 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 185 | 37000 | PRN | Call | SOLE |  | 37000 | 0 | 0 |
| NIKE INC | CL B | 654106103 | BBG001S6NTK2 | 1413 | 94200 | SH | Call | SOLE |  | 94200 | 0 | 0 |
| NUCOR CORP | COM | 670346105 | BBG001S5TRV0 | 962349 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 1044587 | 5601 | SH |  | SOLE |  | 5601 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG001S5TZJ6 | 79000 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| OAKTREE SPECIALTY LENDING CO | COM | 67401P405 | BBG001SR03L7 | 326144 | 25600 | SH |  | SOLE |  | 25600 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 4853037 | 362167 | SH |  | SOLE |  | 362167 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 37402 | 41900 | PRN | Put | SOLE |  | 41900 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 | BBG01VS5NKB6 | 10466 | 418600 | SH | Put | SOLE |  | 418600 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 | BBG00LBLDFH8 | 179 | 35700 | PRN | Call | SOLE |  | 35700 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 674544 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 1806296 | 72542 | SH |  | SOLE |  | 72542 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 6 | 56500 | PRN | Put | SOLE |  | 56500 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 | BBG001STP9N1 | 1812520 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | BBG001S5WW18 | 337854 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 | BBG001S5V509 | 1912848 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 | BBG001S5NMN6 | 459576 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| PROSHARES TR | BITCOIN ETF | 74347G440 | BBG0131STKH5 | 335616 | 27600 | SH |  | SOLE |  | 27600 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 1407742 | 8230 | SH |  | SOLE |  | 8230 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 293440 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 278634 | 1356700 | SH | Call | SOLE |  | 1356700 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 73319 | 379700 | PRN | Call | SOLE |  | 379700 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 | BBG00Z6F4C29 | 3243405 | 408000 | SH | Put | SOLE |  | 408000 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 3360 | 32000 | SH | Call | SOLE |  | 32000 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 | BBG001S7T1S7 | 312970 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| SEMLER SCIENTIFIC INC | COM | 81684M104 | BBG005LBVC90 | 358352 | 23437 | SH |  | SOLE |  | 23437 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | BBG001S77WM9 | 481286 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 947855 | 125000 | SH | Call | SOLE |  | 125000 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 | BBG001S5W777 | 448330 | 610000 | SH | Put | SOLE |  | 610000 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 4834982 | 12200 | SH |  | SOLE |  | 12200 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 157150 | 80000 | SH | Call | SOLE |  | 80000 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 | BBG001SCPX28 | 64000 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 50121120 | 73500 | SH |  | SOLE |  | 73500 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 97700 | 40000 | SH | Call | SOLE |  | 40000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 5163 | 41300 | PRN | Call | SOLE |  | 41300 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 576100 | 80000 | SH | Put | SOLE |  | 80000 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 | BBG001SPTB32 | 679728 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| SPROTT FDS TR | URANIUM MINERS E | 85208P303 | BBG016ZGFLP1 | 927641 | 16900 | SH |  | SOLE |  | 16900 | 0 | 0 |
| STAAR SURGICAL CO | COM PAR $0.01 | 852312305 | BBG001S6MC39 | 230900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 | BBG001S5WHT1 | 341688 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| STAR HLDGS | SHS BEN INT | 85512G106 | BBG01C70G355 | 824498 | 100182 | SH |  | SOLE |  | 100182 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 303156 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 | BBG001S72KH6 | 2488 | 109700 | PRN | Call | SOLE |  | 109700 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 | BBG001S98JK5 | 254175 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 | BBG001SC7PX1 | 1359 | 20900 | PRN | Call | SOLE |  | 20900 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG001S5WWW4 | 1732173 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 1976 | 24700 | SH | Call | SOLE |  | 24700 | 0 | 0 |
| TARGET CORP | COM | 87612E106 | BBG001SC0K41 | 456 | 30400 | PRN | Call | SOLE |  | 30400 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 | BBG0122MC919 | 10000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 3936399 | 8753 | SH |  | SOLE |  | 8753 | 0 | 0 |
| TIPTREE INC | COM | 88822Q103 | BBG001ST0XR1 | 379578 | 20776 | SH |  | SOLE |  | 20776 | 0 | 0 |
| TRUMP MEDIA  TECHNOLOGY GRO | COM | 25400Q105 | BBG011744HJ8 | 264800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| UNIFIRST CORP MASS | COM | 904708104 | BBG001S5X2B2 | 771600 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 2271451 | 22900 | SH |  | SOLE |  | 22900 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG001SDGSH1 | 101 | 20100 | PRN | Call | SOLE |  | 20100 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 880440 | 16500 | SH |  | SOLE |  | 16500 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 | BBG001SB54S8 | 2960416 | 227200 | SH |  | SOLE |  | 227200 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 | BBG001SB54S8 | 2735 | 194000 | PRN | Put | SOLE |  | 194000 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 99750 | 35000 | SH | Call | SOLE |  | 35000 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | BBG001SR42Z0 | 1852 | 100000 | PRN | Put | SOLE |  | 100000 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 | BBG001T60G06 | 568900 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| VANECK ETF TRUST | OIL SERVICES ETF | 92189H607 | BBG001SGYST1 | 740402 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | BBG002D68GN8 | 612221 | 1700 | SH |  | SOLE |  | 1700 | 0 | 0 |
| VENTAS INC | COM | 92276F100 | BBG001S9T7M6 | 1191652 | 15400 | SH |  | SOLE |  | 15400 | 0 | 0 |
| VISIONWAVE HOLDINGS INC | *W EXP 07/14/203 | 927950113 |  | 44109 | 37700 | SH |  | SOLE |  | 37700 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 1969472 | 68337 | SH |  | SOLE |  | 68337 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 51750 | 90000 | SH | Call | SOLE |  | 90000 | 0 | 0 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 | BBG003M3V2V9 | 359450 | 9100 | SH |  | SOLE |  | 9100 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG001S5XH10 | 727331 | 12100 | SH |  | SOLE |  | 12100 | 0 | 0 |

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