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LCM
Laurion Capital Management Portfolio holdings
AUM
$2.29B
1-Year Est. Return
75.73%
This Fund
S&P 500
This Quarter
Est. Return
+9.73%
1 Year Est. Return
+75.73%
3 Year Est. Return
+162.63%
5 Year Est. Return
+130.38%
10 Year Est. Return
+388.81%
AUM
$13B
AUM Growth
-$446M
(-3.3%)
Cap. Flow
-$1.79B
Cap. Flow
% of AUM
-13.77%
Top 10 Holdings %
Top 10 Hldgs %
24.24%
Holding
1,381
New
402
Increased
197
Reduced
215
Closed
532
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$166M |
| 2 |
RTX Corp
RTX
|
+$136M |
| 3 |
BMY.RT
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
|
+$130M |
| 4 |
PPLI
People Inc
PPLI
|
+$61.1M |
| 5 |
AGN
Allergan plc
AGN
|
+$56.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$210M |
| 2 |
CELG
Celgene Corp
CELG
|
+$204M |
| 3 |
Netflix
NFLX
|
+$107M |
| 4 |
Amazon
AMZN
|
+$102M |
| 5 |
Adobe
ADBE
|
+$99.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.8% |
| 2 | Industrials | 2.09% |
| 3 | Communication Services | 1.67% |
| 4 | Healthcare | 1.62% |
| 5 | Consumer Discretionary | 1.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Apple
AAPL
$4.54T
| $524M | 4.03% |
7,135,200
-1,174,000
| -14% | -$75.5M |
|
2
PUT
iShares MSCI EAFE ETF
EFA
$78B
| $449M | 3.45% |
6,461,300
+2,061,300
| +47% | +$139M |
|
|
3
PUT
Netflix
NFLX
$299B
| $336M | 2.58% |
10,380,000
-90,000
| -0.9% | -$2.67M |
|
|
4
CALL
iShares MSCI EAFE ETF
EFA
$78B
| $302M | 2.32% |
4,350,000
-50,000
| -1% | -$3.38M |
|
5
PUT
Microsoft
MSFT
$3.45T
| $283M | 2.18% |
1,795,000
-86,100
| -5% | -$12.6M |
|
6
PUT
Bank of America
BAC
$435B
| $283M | 2.18% |
8,031,000
+2,645,800
| +49% | +$85.5M |
|
7
PUT
Invesco QQQ Trust
QQQ
$453B
| $259M | 2% |
1,219,600
+439,600
| +56% | +$88M |
|
8
PUT
NVIDIA
NVDA
$4.86T
| $250M | 1.92% |
42,492,000
-292,000
| -0.7% | -$1.52M |
|
9
PUT
Alphabet (Google) Class C
GOOG
$4.36T
| $250M | 1.92% |
3,734,000
+3,194,000
| +591% | +$206M |
|
10
PUT
Cisco
CSCO
$457B
| $215M | 1.66% |
4,486,400
+2,671,900
| +147% | +$124M |
|
|
11
CALL
Apple
AAPL
$4.54T
| $194M | 1.49% |
2,636,000
-146,800
| -5% | -$9.44M |
|
12
PUT
Citigroup
C
$222B
| $183M | 1.41% |
2,294,800
+634,500
| +38% | +$46.9M |
|
|
13
CALL
NVIDIA
NVDA
$4.86T
| $179M | 1.38% |
30,452,000
| – | – |
|
|
14
CALL
Alphabet (Google) Class C
GOOG
$4.36T
| $176M | 1.35% |
2,632,000
+2,136,000
| +431% | +$138M |
|
|
15
CALL
Invesco QQQ Trust
QQQ
$453B
| $174M | 1.34% |
819,600
+39,600
| +5% | +$7.93M |
|
|
16
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $174M | 1.34% |
539,754
+539,054
| +77,008% | +$166M |
|
|
17
CALL
Bank of America
BAC
$435B
| $172M | 1.33% |
4,890,800
+2,440,600
| +100% | +$78.9M |
|
|
18
CALL
Microsoft
MSFT
$3.45T
| $158M | 1.22% |
1,003,900
-528,000
| -34% | -$77.6M |
|
|
BMY.RT
19
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
| $150M | 1.16% |
+49,981,491
| New | +$130M |
|
|
20
PUT
Amazon
AMZN
$2.92T
| $149M | 1.15% |
1,612,000
-2,682,000
| -62% | -$237M |
|
21
PUT
Meta Platforms (Facebook)
META
$1.42T
| $147M | 1.13% |
716,600
-726,200
| -50% | -$141M |
|
22
PUT
Mastercard
MA
$506B
| $143M | 1.1% |
479,300
+99,200
| +26% | +$28M |
|
|
23
RTX Corp
RTX
$290B
| $141M | 1.09% |
+1,498,084
| New | +$136M |
|
24
PUT
Texas Instruments
TXN
$252B
| $139M | 1.07% |
1,081,600
+318,400
| +42% | +$39.3M |
|
|
25
CALL
Citigroup
C
$222B
| $129M | 1% |
1,619,700
+792,300
| +96% | +$58.5M |
|
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Laurion Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Laurion Capital Management held 1,381 positions worth $13B, down 3.3% from $13.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Laurion Capital Management withdrew a net $1.79B in Q4 2019, closing 532 positions and reducing 215 holdings. Its most notable exit was Altaba Inc, an estimated $210M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.8% of assets, down from 4.8% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Laurion Capital Management opened a new position in RTX Corp worth $141M.
- Laurion Capital Management's largest Q4 2019 buy was RTX Corp: 1,498,084 shares worth $141M.
- Laurion Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $166M increase.
- Laurion Capital Management's biggest Q4 2019 reduction was Netflix, cutting an estimated $107M.
- Laurion Capital Management fully exited Altaba Inc in Q4 2019, selling an estimated $210M.
- Laurion Capital Management's ten largest holdings make up 24% of its $13B portfolio in Q4 2019.
- Laurion Capital Management opened 402 new positions and closed 532 in Q4 2019.
- Laurion Capital Management's portfolio value fell 3.3% quarter-over-quarter to $13B.
Based on Laurion Capital Management's 13F filing for Q4 2019, filed 13 Feb 2020.