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QF
QVT Financial Portfolio holdings
AUM
$1.37B
1-Year Est. Return
148.1%
This Fund
S&P 500
This Quarter
Est. Return
+26.64%
1 Year Est. Return
+148.1%
3 Year Est. Return
+280.64%
5 Year Est. Return
+413.55%
10 Year Est. Return
+2,213.36%
AUM
$1.17B
AUM Growth
-$251M
(-18%)
Cap. Flow
-$456M
Cap. Flow
% of AUM
-39.08%
Top 10 Holdings %
Top 10 Hldgs %
79.33%
Holding
70
New
17
Increased
12
Reduced
8
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nexstar Media Group
NXST
|
+$30.3M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$26.3M |
| 3 |
NVIDIA
NVDA
|
+$22.2M |
| 4 |
Apple
AAPL
|
+$20.5M |
| 5 |
Carvana
CVNA
|
+$11.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TRML
Tourmaline Bio
TRML
|
+$103M |
| 2 |
Roivant Sciences
ROIV
|
+$59.1M |
| 3 |
IonQ
IONQ
|
+$13.4M |
| 4 |
Goldman Sachs
GS
|
+$4.69M |
| 5 |
argenx
ARGX
|
+$2.96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 51.25% |
| 2 | Financials | 11.08% |
| 3 | Technology | 10.25% |
| 4 | Communication Services | 7.07% |
| 5 | Industrials | 3.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Palo Alto Networks
PANW
$270B
| $284K | 0.02% |
+1,542
| New | +$311K |
|
52
ServiceNow
NOW
$115B
| $254K | 0.02% |
1,655
-2,710
| -62% | -$465K |
|
53
Trip.com Group
TCOM
$29.6B
| $206K | 0.02% |
2,867
| – | – |
|
54
Unity
U
$13.8B
| $205K | 0.02% |
+4,630
| New | +$189K |
|
|
CFLT
55
DELISTED
Confluent
CFLT
| – | – |
-17,248
| Closed | -$342K |
|
|
56
PUT
Goldman Sachs
GS
$300B
| – | – |
-49,500
| Closed | -$39.4M |
|
57
Goldman Sachs BDC
GSBD
$969M
| – | – |
-100,000
| Closed | -$1.02M |
|
58
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| – | – |
-3,000,000
| Closed | -$244M |
|
|
59
IonQ
IONQ
$13.6B
| – | – |
-239,228
| Closed | -$13.4M |
|
60
Meta Platforms (Facebook)
META
$1.42T
| – | – |
-1,976
| Closed | -$1.45M |
|
61
monday.com
MNDY
$3.68B
| – | – |
-1,401
| Closed | -$271K |
|
|
62
PUT
Nexstar Media Group
NXST
$5.82B
| – | – |
-155,281
| Closed | -$30.7M |
|
63
CALL
Oracle
ORCL
$374B
| – | – |
-5,000
| Closed | -$1.41M |
|
|
64
Oracle
ORCL
$374B
| – | – |
-1,075
| Closed | -$302K |
|
|
65
PUT
Invesco QQQ Trust
QQQ
$453B
| – | – |
-78,871
| Closed | -$47.4M |
|
66
Snowflake
SNOW
$102B
| – | – |
-1,195
| Closed | -$270K |
|
|
TRML
67
DELISTED
Tourmaline Bio
TRML
| – | – |
-2,154,653
| Closed | -$103M |
|
68
Warner Bros
WBD
$65.9B
| – | – |
-58,555
| Closed | -$1.14M |
|
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QVT Financial's Q4 2025 Portfolio in Review
As of Q4 2025, QVT Financial held 70 positions worth $1.17B, down 18% from $1.42B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
QVT Financial withdrew a net $456M in Q4 2025, closing 14 positions and reducing 8 holdings. Its most notable exit was Tourmaline Bio, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 51% of assets, up from 40% a quarter earlier, followed by Financials and Technology.
Against the trend, QVT Financial opened a new position in Nexstar Media Group worth $31.5M.
- QVT Financial's largest Q4 2025 buy was Nexstar Media Group: 155,281 shares worth $31.5M.
- QVT Financial added most to NVIDIA in Q4 2025, an estimated $22.2M increase.
- QVT Financial's biggest Q4 2025 reduction was Roivant Sciences, cutting an estimated $59.1M.
- QVT Financial fully exited Tourmaline Bio in Q4 2025, selling an estimated $103M.
- QVT Financial's ten largest holdings make up 79% of its $1.17B portfolio in Q4 2025.
- QVT Financial opened 17 new positions and closed 14 in Q4 2025.
- QVT Financial's portfolio value fell 18% quarter-over-quarter to $1.17B.
Based on QVT Financial's 13F filing for Q4 2025, filed 13 Feb 2026.