OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) — Q3 2025 13F Holdings

Holdings as of September 30, 2025

Portfolio value

$927.54B

Holdings count

176

176 positions reported

Accession #

0001132716-25-000032

Form 13F-HR

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All Reported Positions

176 positions sorted by value

176 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
VERONA PHASPONS	925050106	$118.05B	12.73%	1,106,260shares	DFND	1,106,260 / 0 / 0
MR COOPERCOM	62482R107	$43.47B	4.69%	206,231shares	DFND	206,231 / 0 / 0
NVIDIA CORCOM	67066G104	$31.74B	3.42%	170,131shares	DFND	170,131 / 0 / 0
SNOWFLAKENOTE1	833445AB5	$30.39B	3.28%	20,000,000principal	DFND	20,000,000 / 0 / 0
SPIRIT AERCOMCL	848574109	$27.40B	2.95%	709,795shares	DFND	709,795 / 0 / 0
PELOTON INNOTE2	70614WAB6	$21.75B	2.34%	22,190,000principal	DFND	22,190,000 / 0 / 0
HALOZYME TNOTE0	40637HAD1	$20.66B	2.23%	18,000,000principal	DFND	18,000,000 / 0 / 0
ALLIANT ENCOM	018802108	$20.42B	2.20%	302,980shares	DFND	302,980 / 0 / 0
DRAFTKINGSNOTE3	26142RAB0	$19.68B	2.12%	21,843,000principal	DFND	21,843,000 / 0 / 0
SOUTHERN CNOTE4	842587DZ7	$19.48B	2.10%	17,500,000principal	DFND	17,500,000 / 0 / 0
ENTERGY COCOM	29364G103	$19.41B	2.09%	208,330shares	DFND	208,330 / 0 / 0
SOUTHERN CCOM	842587107	$19.14B	2.06%	201,920shares	DFND	201,920 / 0 / 0
PACKAGINGCOM	695156109	$16.51B	1.78%	75,740shares	DFND	75,740 / 0 / 0
DUKE ENERGNOTE4	26441CBY0	$16.12B	1.74%	15,000,000principal	DFND	15,000,000 / 0 / 0
AMERICAN WNOTE3	03040WBE4	$16.05B	1.73%	16,000,000principal	DFND	16,000,000 / 0 / 0
MATTEL INCCOM	577081102	$15.63B	1.69%	928,829shares	DFND	928,829 / 0 / 0
MERCADOLIBCOM	58733R102	$15.35B	1.66%	6,570shares	DFND	6,570 / 0 / 0
CENTERPOINCOM	15189T107	$15.04B	1.62%	387,665shares	DFND	387,665 / 0 / 0
WASTE CONNCOM	94106B101	$11.27B	1.21%	64,100shares	DFND	64,100 / 0 / 0
ITAU UNIBASPONA	465562106	$10.97B	1.18%	1,494,716shares	DFND	1,494,716 / 0 / 0
LIVE NATIOCOM	538034109	$10.95B	1.18%	67,000shares	DFND	67,000 / 0 / 0
SPOTIFY USNOTE3	84921RAB6	$10.92B	1.18%	7,973,000principal	DFND	7,973,000 / 0 / 0
EMBRAER S.SPONS	29082A107	$10.40B	1.12%	172,120shares	DFND	172,120 / 0 / 0
FIRSTENERGNOTE4	337932AR8	$10.40B	1.12%	10,000,000principal	DFND	10,000,000 / 0 / 0
CROCS INCCOM	227046109	$10.36B	1.12%	124,000shares	DFND	124,000 / 0 / 0
HALOZYME TNOTE1	40637HAF6	$9.87B	1.06%	7,000,000principal	DFND	7,000,000 / 0 / 0
C H ROBINSCOMNE	12541W209	$9.51B	1.02%	71,800shares	DFND	71,800 / 0 / 0
KASPI KZ JSPONS	48581R205	$9.30B	1.00%	113,903shares	DFND	113,903 / 0 / 0
SYNOPSYS ICOM	871607107	$9.28B	1.00%	18,800shares	DFND	18,800 / 0 / 0
CLEAN HARBCOM	184496107	$9.16B	0.99%	39,450shares	DFND	39,450 / 0 / 0
NVENT ELECSHS	G6700G107	$9.12B	0.98%	92,500shares	DFND	92,500 / 0 / 0
B2GOLD CORCOM	11777Q209	$8.90B	0.96%	1,798,983shares	DFND	1,798,983 / 0 / 0
AIR PRODSCOM	009158106	$8.60B	0.93%	31,535shares	DFND	31,535 / 0 / 0
UNITED RENCOM	911363109	$8.37B	0.90%	8,770shares	DFND	8,770 / 0 / 0
NRG ENERGYCOMNE	629377508	$7.93B	0.85%	48,955shares	DFND	48,955 / 0 / 0
VISTRA CORCOM	92840M102	$7.89B	0.85%	40,280shares	DFND	40,280 / 0 / 0
OCCIDENTALCOM	674599105	$7.86B	0.85%	166,400shares	DFND	166,400 / 0 / 0
PENTAIR PLSHS	G7S00T104	$7.53B	0.81%	67,987shares	DFND	67,987 / 0 / 0
DELTA AIRCOMNE	247361702	$6.53B	0.70%	115,148shares	DFND	115,148 / 0 / 0
COINBASE GCOMCL	19260Q107	$6.41B	0.69%	19,000shares	DFND	19,000 / 0 / 0
AMPHENOL CCLA	032095101	$6.19B	0.67%	50,000shares	DFND	50,000 / 0 / 0
PONY AI INSPONS	732908108	$6.02B	0.65%	267,508shares	DFND	267,508 / 0 / 0
HUB GROUPCLA	443320106	$5.92B	0.64%	172,000shares	DFND	172,000 / 0 / 0
META PLATFCLA	30303M102	$5.88B	0.63%	8,000shares	DFND	8,000 / 0 / 0
VULCAN MATCOM	929160109	$5.83B	0.63%	18,950shares	DFND	18,950 / 0 / 0
PAGSEGUROCOMCL	G68707101	$5.82B	0.63%	582,357shares	DFND	582,357 / 0 / 0
MARTIN MARCOM	573284106	$5.74B	0.62%	9,100shares	DFND	9,100 / 0 / 0
INTER & COCLASS	G4R20B107	$5.44B	0.59%	589,643shares	DFND	589,643 / 0 / 0
TESLA INCCOM	88160R101	$5.25B	0.57%	11,800shares	DFND	11,800 / 0 / 0
GATES INDLORDSH	G39108108	$5.23B	0.56%	210,790shares	DFND	210,790 / 0 / 0
PDD HOLDINSPONS	722304102	$5.19B	0.56%	39,234shares	DFND	39,234 / 0 / 0
WYNN RESORCOM	983134107	$5.13B	0.55%	40,000shares	DFND	40,000 / 0 / 0
QUANTA SVCCOM	74762E102	$4.97B	0.54%	12,000shares	DFND	12,000 / 0 / 0
HOWMET AERCOM	443201108	$4.91B	0.53%	25,000shares	DFND	25,000 / 0 / 0
AMERICAN ECOM	025537101	$4.72B	0.51%	42,000shares	DFND	42,000 / 0 / 0
ARISTA NETCOMSH	040413205	$4.37B	0.47%	30,000shares	DFND	30,000 / 0 / 0
INTEL CORPCOM	458140100	$4.29B	0.46%	128,000shares	DFND	128,000 / 0 / 0
MASTEC INCCOM	576323109	$4.06B	0.44%	19,080shares	DFND	19,080 / 0 / 0
CAMECO CORCOM	13321L108	$3.96B	0.43%	47,165shares	DFND	47,165 / 0 / 0
FOMENTO ECSPONA	344419106	$3.95B	0.43%	40,075shares	DFND	40,075 / 0 / 0
SNOWFLAKENOTE1	833445AD1	$3.92B	0.42%	2,500,000principal	DFND	2,500,000 / 0 / 0
RALLIANT CCOM	750940108	$3.80B	0.41%	87,000shares	DFND	87,000 / 0 / 0
BEYOND MEANOTE3	08862EAB5	$3.80B	0.41%	19,000,000principal	DFND	19,000,000 / 0 / 0
PLYMOUTH ICOM	729640102	$3.75B	0.40%	168,109shares	DFND	168,109 / 0 / 0
LINDE PLCSHS	G54950103	$3.75B	0.40%	7,900shares	DFND	7,900 / 0 / 0
CREDICORPCOM	G2519Y108	$3.75B	0.40%	14,076shares	DFND	14,076 / 0 / 0
HUBBELL INCOM	443510607	$3.73B	0.40%	8,660shares	DFND	8,660 / 0 / 0
ARCOS DORASHSCL	G0457F107	$3.62B	0.39%	536,643shares	DFND	536,643 / 0 / 0
FLUOR CORPCOM	343412102	$3.53B	0.38%	83,890shares	DFND	83,890 / 0 / 0
NORWEGIANSHS	G66721104	$3.33B	0.36%	135,000shares	DFND	135,000 / 0 / 0
VERTIV HOLCOMCL	92537N108	$3.23B	0.35%	21,400shares	DFND	21,400 / 0 / 0
BANCO SANTSPADR	05965X109	$3.17B	0.34%	119,793shares	DFND	119,793 / 0 / 0
ZEEKR INTESPONA	98923K103	$3.17B	0.34%	104,037shares	DFND	104,037 / 0 / 0
VISTA ENERSPONS	92837L109	$3.07B	0.33%	89,299shares	DFND	89,299 / 0 / 0
BANCO BBVASPONS	058934100	$3.07B	0.33%	368,434shares	DFND	368,434 / 0 / 0
TOAST INCCLA	888787108	$2.92B	0.31%	80,000shares	DFND	80,000 / 0 / 0
GLOBANT SCOM	L44385109	$2.91B	0.31%	50,726shares	DFND	50,726 / 0 / 0
ULTA BEAUTCOM	90384S303	$2.73B	0.29%	5,000shares	DFND	5,000 / 0 / 0
SPORTRADARCLASS	H8088L103	$2.69B	0.29%	100,000shares	DFND	100,000 / 0 / 0
CALIFORNIACOMST	13057Q305	$2.63B	0.28%	49,400shares	DFND	49,400 / 0 / 0
ACM RESH ICOMCL	00108J109	$2.62B	0.28%	67,081shares	DFND	67,081 / 0 / 0
AXALTA COACOM	G0750C108	$2.44B	0.26%	85,250shares	DFND	85,250 / 0 / 0
TOWER SEMISHSNE	M87915274	$2.38B	0.26%	32,879shares	DFND	32,879 / 0 / 0
NIO INCSPONA	62914V106	$2.30B	0.25%	301,200shares	DFND	301,200 / 0 / 0
VALE S ASPONS	91912E105	$2.12B	0.23%	195,578shares	DFND	195,578 / 0 / 0
ADT INC DECOM	00090Q103	$2.00B	0.22%	229,607shares	DFND	229,607 / 0 / 0
D R HORTONCOM	23331A109	$1.99B	0.21%	11,720shares	DFND	11,720 / 0 / 0
FREEPORT-MCLB	35671D857	$1.96B	0.21%	50,000shares	DFND	50,000 / 0 / 0
COMMSCOPECOM	20337X109	$1.94B	0.21%	125,000shares	DFND	125,000 / 0 / 0
SIGNET JEWSHS	G81276100	$1.92B	0.21%	20,000shares	DFND	20,000 / 0 / 0
BROADCOM ICOM	11135F101	$1.89B	0.20%	5,725shares	DFND	5,725 / 0 / 0
PACCAR INCCOM	693718108	$1.87B	0.20%	19,000shares	DFND	19,000 / 0 / 0
INTERNATIOCOM	460146103	$1.85B	0.20%	39,970shares	DFND	39,970 / 0 / 0
LUCID GROUCOM Put	549498202	$1.85B	0.20%	2,623,200shares	DFND	2,623,200 / 0 / 0
AMERICAN ACOM Put	02376R102	$1.82B	0.20%	8,587,500shares	DFND	8,587,500 / 0 / 0
LEVI STRAUCLACO	52736R102	$1.75B	0.19%	75,000shares	DFND	75,000 / 0 / 0
HOME DEPOTCOM	437076102	$1.62B	0.17%	4,000shares	DFND	4,000 / 0 / 0
CLEAR CHANCOM	18453H106	$1.58B	0.17%	1,000,000shares	DFND	1,000,000 / 0 / 0
COHERENT CCOM	19247G107	$1.44B	0.16%	13,414shares	DFND	13,414 / 0 / 0
NIKE INCCLB	654106103	$1.39B	0.15%	20,000shares	DFND	20,000 / 0 / 0
AMER SPORTCOMSH	G0260P102	$1.39B	0.15%	40,000shares	DFND	40,000 / 0 / 0
ZTO EXPRESSPONS	98980A105	$1.39B	0.15%	72,314shares	DFND	72,314 / 0 / 0
GEOPARK LTUSDSH	G38327105	$1.36B	0.15%	214,222shares	DFND	214,222 / 0 / 0
VERTIV HOLCOM Call	92537N108	$1.36B	0.15%	75,000shares	DFND	75,000 / 0 / 0
NEWMONT COCOM	651639106	$1.35B	0.15%	16,000shares	DFND	16,000 / 0 / 0
SABLE OFFSCOMSH	78574H104	$1.29B	0.14%	74,000shares	DFND	74,000 / 0 / 0
BILIBILI ISPONS	090040106	$1.21B	0.13%	43,230shares	DFND	43,230 / 0 / 0
TKO GROUPCLA	87256C101	$1.21B	0.13%	6,000shares	DFND	6,000 / 0 / 0
FIVE BELOWCOM	33829M101	$1.16B	0.13%	7,500shares	DFND	7,500 / 0 / 0
ROSS STORECOM	778296103	$1.14B	0.12%	7,500shares	DFND	7,500 / 0 / 0
DLOCAL LTDCLASS	G29018101	$1.12B	0.12%	78,152shares	DFND	78,152 / 0 / 0
VNET GROUPSPONS	90138A103	$1.11B	0.12%	107,300shares	DFND	107,300 / 0 / 0
H WORLD GRSPONS	44332N106	$1.09B	0.12%	27,753shares	DFND	27,753 / 0 / 0
CHARTER COCOM Put	16119P108	$1.03B	0.11%	16,400shares	DFND	16,400 / 0 / 0
SABRE CORPCOM	78573M104	$1.01B	0.11%	550,900shares	DFND	550,900 / 0 / 0
HESAI GROUSPONS	428050108	$980.69M	0.11%	34,900shares	DFND	34,900 / 0 / 0
WARNER BROCOMSE	934423104	$976.50M	0.11%	50,000shares	DFND	50,000 / 0 / 0
SHARKNINJACOMSH	G8068L108	$903.59M	0.10%	8,760shares	DFND	8,760 / 0 / 0
STRATEGY ISERIE	594972887	$871.86M	0.09%	9,500shares	DFND	9,500 / 0 / 0
YETI HLDGSCOM	98585X104	$829.50M	0.09%	25,000shares	DFND	25,000 / 0 / 0
PAGAYA TECCLANE	M7S64L123	$788.98M	0.09%	26,574shares	DFND	26,574 / 0 / 0
HERTZ GLOBCOM Put	42806J700	$664.03M	0.07%	955,500shares	DFND	955,500 / 0 / 0
CROCS INCCOM Put	227046109	$601.25M	0.06%	65,000shares	DFND	65,000 / 0 / 0
GEN DIGITARIGHT	668771116	$545.52M	0.06%	77,051shares	DFND	77,051 / 0 / 0
MAGNITE INCOM Call	55955D100	$453.80M	0.05%	232,000shares	DFND	232,000 / 0 / 0
FORD MTR CCOM Put	345370860	$453.60M	0.05%	721,000shares	DFND	721,000 / 0 / 0
TASKUS INCCLASS	87652V109	$419.60M	0.05%	23,507shares	DFND	23,507 / 0 / 0
HARLEY DAVCOM Put	412822108	$408.75M	0.04%	325,000shares	DFND	325,000 / 0 / 0
MASCO CORPCOM	574599106	$355.47M	0.04%	5,050shares	DFND	5,050 / 0 / 0
SPDR S&P 5COM Put	78462F103	$346.50M	0.04%	96,000shares	DFND	96,000 / 0 / 0
TRANSOCEANCOM Put	H8817H100	$341.35M	0.04%	385,200shares	DFND	385,200 / 0 / 0
SABRE CORPCOM Put	78573M104	$336.05M	0.04%	550,900shares	DFND	550,900 / 0 / 0
CHEMOURS CCOM Put	163851108	$316.88M	0.03%	37,500shares	DFND	37,500 / 0 / 0
MGM RESORTCOM Put	552953101	$310.64M	0.03%	66,100shares	DFND	66,100 / 0 / 0
HERBALIFECOM Put	G4412G101	$276.78M	0.03%	65,900shares	DFND	65,900 / 0 / 0
INVESCO QQCOM Put	46090E103	$239.96M	0.03%	68,500shares	DFND	68,500 / 0 / 0
CROCS INCCOM Call	227046109	$185.00M	0.02%	100,000shares	DFND	100,000 / 0 / 0
TRANSOCEANCOM Call	H8817H100	$152.00M	0.02%	320,000shares	DFND	320,000 / 0 / 0
ISHARES TRCOM Call	464287432	$122.00M	0.01%	50,000shares	DFND	50,000 / 0 / 0
XPLR INFRACOM Put	65341B106	$120.45M	0.01%	16,500shares	DFND	16,500 / 0 / 0
AMC ENTMTCLANE	00165C302	$112.60M	0.01%	38,828shares	DFND	38,828 / 0 / 0
SERVICE PPCOM Call	81761L102	$105.00M	0.01%	600,000shares	DFND	600,000 / 0 / 0
SPDR SERIECOM Call	78468R556	$101.01M	0.01%	37,000shares	DFND	37,000 / 0 / 0
SMART SH GADS	83193E102	$100.03M	0.01%	74,100shares	DFND	74,100 / 0 / 0
NIKE INCCOM Call	654106103	$82.31M	0.01%	29,500shares	DFND	29,500 / 0 / 0
CALUMET INCOM Put	131428104	$81.68M	0.01%	140,000shares	DFND	140,000 / 0 / 0
B & G FOODCOM Put	05508R106	$80.82M	0.01%	89,800shares	DFND	89,800 / 0 / 0
MACYS INCCOM Put	55616P104	$80.29M	0.01%	62,000shares	DFND	62,000 / 0 / 0
STARWOOD PCOM Put	85571B105	$48.30M	0.01%	138,000shares	DFND	138,000 / 0 / 0
LIVE NATIOCOM Put	538034109	$41.31M	0.00%	26,000shares	DFND	26,000 / 0 / 0
BARRICK MNCOM Call	06849F108	$40.76M	0.00%	143,000shares	DFND	143,000 / 0 / 0
MATTEL INCCOM Call	577081102	$38.75M	0.00%	310,000shares	DFND	310,000 / 0 / 0
VIASAT INCCOM Put	92552V100	$38.09M	0.00%	58,600shares	DFND	58,600 / 0 / 0
VORNADO RLCOM Put	929042109	$30.82M	0.00%	26,800shares	DFND	26,800 / 0 / 0
VANECK ETFCOM Put	92189F676	$30.54M	0.00%	10,300shares	DFND	10,300 / 0 / 0
MEDICAL PPCOM Put	58463J304	$30.13M	0.00%	317,200shares	DFND	317,200 / 0 / 0
LAS VEGASCOM Put	517834107	$27.90M	0.00%	29,700shares	DFND	29,700 / 0 / 0
CHEESECAKECOM Put	163072101	$27.19M	0.00%	17,500shares	DFND	17,500 / 0 / 0
VANECK ETFCOM Call	92189F106	$26.59M	0.00%	13,500shares	DFND	13,500 / 0 / 0
TRI POINTECOM Put	87265H109	$25.04M	0.00%	18,900shares	DFND	18,900 / 0 / 0
RIOT PLATFCOM Call	767292105	$23.51M	0.00%	29,200shares	DFND	29,200 / 0 / 0
ONEMAIN HLCOM Put	68268W103	$20.21M	0.00%	27,500shares	DFND	27,500 / 0 / 0
ARISTA NETCOM Call	040413205	$19.98M	0.00%	23,500shares	DFND	23,500 / 0 / 0
PELOTON INCOM Put	70614W100	$19.80M	0.00%	330,000shares	DFND	330,000 / 0 / 0
NORWEGIANCOM Put	G66721104	$15.93M	0.00%	138,500shares	DFND	138,500 / 0 / 0
CID HOLDCO*WEXP	171756117	$13.55M	0.00%	89,581shares	DFND	89,581 / 0 / 0
ENERGY TRACOM Call	29273V100	$9.00M	0.00%	600,000shares	DFND	600,000 / 0 / 0
SYNCHRONYCOM Put	87165B103	$8.31M	0.00%	17,500shares	DFND	17,500 / 0 / 0
TANGER INCCOM Put	875465106	$6.21M	0.00%	10,800shares	DFND	10,800 / 0 / 0
ROYALTY MG*WEXP	02369M110	$3.41M	0.00%	70,262shares	DFND	70,262 / 0 / 0
TEVOGEN BI*WEXP	88165K119	$3.04M	0.00%	56,685shares	DFND	56,685 / 0 / 0
FIRSTENERGCOM Put	337932107	$2.60M	0.00%	20,800shares	DFND	20,800 / 0 / 0
SCAGE FUTU*WEXP	G7840J118	$2.03M	0.00%	40,438shares	DFND	40,438 / 0 / 0
MULTISENSO*WEXP	456948116	$1.55M	0.00%	45,190shares	DFND	45,190 / 0 / 0
ROADZEN IN*WEXP	G7606H116	$1.26M	0.00%	19,729shares	DFND	19,729 / 0 / 0
BRAND ENGA*WEXP	104932116	$767K	0.00%	47,621shares	DFND	47,621 / 0 / 0

Filing Metadata

Form type

13F-HR

Filing date

Nov 14, 2025

Holdings as of

September 30, 2025

Accession

0001132716-25-000032

CIK

0001132716

View on SEC

Portfolio Snapshot

Total Portfolio Value

$927.54B

Number of Positions

176

176 reported by filer

Top 10 Concentration

38.1%

Top 20 Concentration

54.8%

Unique Issuers

166

By CUSIP

Avg. Position Size

$5.27B

Across 176 holdings

Top 5 Holdings

VERONA PHA12.7%

MR COOPER4.7%

NVIDIA COR3.4%

SNOWFLAKE3.3%

SPIRIT AER3.0%