SONA Asset Management (US) Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$138M |
| 2 |
Norfolk Southern
NSC
|
+$52.6M |
| 3 |
TXNM
TXNM Energy Inc
TXNM
|
+$41.9M |
| 4 |
GTLS
Chart Industries
GTLS
|
+$39.7M |
| 5 |
Electronic Arts
EA
|
+$30.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$591M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$104M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$73.9M |
| 4 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$69.4M |
| 5 |
FOUR.PRA
Shift4 Payments Inc 6.00% Series A Preferred Stock
FOUR.PRA
|
+$50.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 2.65% |
| 2 | Utilities | 2.4% |
| 3 | Communication Services | 1.98% |
| 4 | Technology | 1.57% |
| 5 | Energy | 0.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Warner Bros
WBD
$65.9B
| – | – |
-774,700
| Closed | -$10.6M |
|
152
TeraWulf
WULF
$8.75B
| – | – |
-2,695,461
| Closed | -$11.8M |
|
|
NEE.PRT
153
NextEra Energy 7.234% Corporate Units
NEE.PRT
$1.47B
| – | – |
-350,000
| Closed | -$15.5M |
|
|
CCIR
154
DELISTED
Cohen Circle Acquisition Corp. I Class A Ordinary Shares
CCIR
| – | – |
-1,859,033
| Closed | -$20.4M |
|
|
CCIRW
155
DELISTED
Cohen Circle Acquisition Corp. I Warrant
CCIRW
| – | – |
-25,000
| Closed | -$50K |
|
|
FOUR.PRA
156
Shift4 Payments Inc 6.00% Series A Preferred Stock
FOUR.PRA
$656M
| – | – |
-440,000
| Closed | -$50.8M |
|
Similar funds
SONA Asset Management (US)'s Q3 2025 Portfolio in Review
As of Q3 2025, SONA Asset Management (US) held 185 positions worth $4.1B, up 15% from $3.56B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
SONA Asset Management (US) withdrew a net $773M in Q3 2025, closing 34 positions and reducing 15 holdings. Its most notable exit was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 2.7% of assets, up from 0.22% a quarter earlier, followed by Utilities and Communication Services.
Against the trend, SONA Asset Management (US) opened a new position in iShares JPMorgan USD Emerging Markets Bond ETF worth $140M.
- SONA Asset Management (US)'s largest Q3 2025 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 1,469,000 shares worth $140M.
- SONA Asset Management (US) added most to TXNM Energy Inc in Q3 2025, an estimated $41.9M increase.
- SONA Asset Management (US)'s biggest Q3 2025 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $591M.
- SONA Asset Management (US) fully exited Vanguard Intermediate-Term Corporate Bond ETF in Q3 2025, selling an estimated $104M.
- SONA Asset Management (US)'s ten largest holdings make up 43% of its $4.1B portfolio in Q3 2025.
- SONA Asset Management (US) opened 73 new positions and closed 34 in Q3 2025.
- SONA Asset Management (US)'s portfolio value rose 15% quarter-over-quarter to $4.1B.
Based on SONA Asset Management (US)'s 13F filing for Q3 2025, filed 14 Nov 2025.