CANTOR FITZGERALD, L. P.

NEW YORK, NY · CIK 1024896 · 13F filing filed 2026-02-17

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$5.1bn reported value +25.3% vs Q2 2025

293positions

63.8%in top 10

120 new 102 added 49 reduced 245 sold out vs Q2 2025

Options: 30 call positions ($781.2m notional), 40 put positions ($4.4bn notional) – listed below, not included above.

This report includes the holdings of 3 other managers that share the investment decisions:

CANTOR FITZGERALD & CO. – reports through this filing
CF Secured, LLC – reports through this filing
Cantor Fitzgerald Europe – reports through this filing

Also in the report of:

Shares in two reports are counted once in each security's totals.

Holdings, Q3 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSTRATEGY INC CL A NEW MSTR	MSTR	4,009,492	$1.3bn25.32%	25.32%	Reduced -406.2k	-406,238 -9.2%
2	NVIDIA CORPORATION COM NVDA	NVDA	3,492,970	$651.7m12.77%	12.77%	Added +561.4k	+561,382 19.1%
3	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,842,516	$298.1m5.84%	5.84%	Added +468.9k	+468,873 34.1%
4	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	1,568,828	$224.6m4.40%	4.40%	Added +231.2k	+231,220 17.3%
5	TESLA INC COM TSLA	TSLA	403,115	$179.3m3.51%	3.51%	Added +39.1k	+39,143 10.8%
6	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	3,429,424	$164.4m3.22%	3.22%	Added +1.3m	+1,272,150 59.0%
7	UNITEDHEALTH GROUP INC COM UNH	UNH	377,550	$130.4m2.55%	2.55%	Added +375.6k	+375,608 19341.3%
8	FIDELITY WISE ORIGIN BITCOIN SHS FBTC	FBTC	1,280,931	$127.8m2.51%	2.51%	Reduced -12.0k	-12,020 -0.9%
9	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	1,504,746	$97.8m1.92%	1.92%	Reduced -67.4k	-67,412 -4.3%
10	ROCKET LAB CORP COM RKLB	RKLB	1,916,387	$91.8m1.80%	1.80%	New
11	ORACLE CORP COM ORCL	ORCL	316,926	$89.1m1.75%	1.75%	Added +263.1k	+263,098 488.8%
12	PROSHARES TR ULTRAPRO QQQ TQQQ	TQQQ	779,017	$80.6m1.58%	1.58%	Added +694.7k	+694,661 823.5%
13	OKLO INC COM CL A OKLO	OKLO	708,000	$79.0m1.55%	1.55%	New
14	BROADCOM INC COM AVGO	AVGO	237,053	$78.2m1.53%	1.53%	Added +162.0k	+162,008 215.9%
15	GCM GROSVENOR INC COM CL A GCMG	GCMG	6,451,535	$77.9m1.53%	1.53%	Unchanged
16	RUMBLE INC COM CL A RUM	RUM	9,374,437	$67.9m1.33%	1.33%	Added +40.6k	+40,620 0.4%
17	COREWEAVE INC COM CL A CRWV	CRWV	462,224	$63.3m1.24%	1.24%	Added +426.3k	+426,323 1187.5%
18	RIGETTI COMPUTING INC COMMON STOCK RGTI	RGTI	2,104,294	$62.7m1.23%	1.23%	New
19	SOFI TECHNOLOGIES INC COM SOFI	SOFI	2,325,000	$61.4m1.20%	1.20%	Added +1.3m	+1,254,268 117.1%
20	INTEL CORP COM INTC	INTC	1,826,197	$61.3m1.20%	1.20%	Added +1.7m	+1,736,714 1940.8%
21	ELI LILLY & CO COM LLY	LLY	65,866	$50.3m0.98%	0.98%	Added +42.3k	+42,346 180.0%
22	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	858,604	$48.7m0.95%	0.95%	Added +750.9k	+750,907 697.2%
23	NOVO-NORDISK A S ADR NVO	NVO	857,000	$47.6m0.93%	0.93%	Added +801.8k	+801,777 1451.9%
24	RIOT PLATFORMS INC COM RIOT	RIOT	2,106,692	$40.1m0.79%	0.79%	Added +414.0k	+414,037 24.5%
25	AMAZON COM INC COM AMZN	AMZN	168,963	$37.1m0.73%	0.73%	Added +120.2k	+120,234 246.7%
26	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	260,000	$36.2m0.71%	0.71%	Reduced -5	-5 0.0%
27	BITMINE IMMERSION TECNOLOGIE COM NEW BMNR	BMNR	687,184	$35.7m0.70%	0.70%	New
28	SELECT SECTOR SPDR TR ENERGY XLE	XLE	397,668	$35.5m0.70%	0.70%	Added +7.6k	+7,574 1.9%
29	TRUMP MEDIA & TECHNOLOGY GRO COM DJT	DJT	1,901,819	$34.1m0.67%	0.67%	Added +62.8k	+62,780 3.4%
30	ROBLOX CORP CL A RBLX	RBLX	244,673	$33.9m0.66%	0.66%	Reduced -19.7k	-19,738 -7.5%
31	SATELLOGIC INC COM CL A SATL	SATL	13,380,873	$28.0m0.55%	0.55%	Added +1.9m	+1,863,696 16.2%
32	IONQ INC COM IONQ	IONQ	388,089	$23.9m0.47%	0.47%	New
33	SOUNDHOUND AI INC CLASS A COM SOUN	SOUN	1,425,058	$22.9m0.45%	0.45%	New
34	NETFLIX INC COM NFLX	NFLX	18,823	$22.6m0.44%	0.44%	Added +10.3k	+10,320 121.4%
35	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	80,000	$22.5m0.44%	0.44%	Reduced -999	-999 -1.2%
36	ALPHABET INC CAP STK CL C GOOG	GOOG	91,597	$22.3m0.44%	0.44%	Added +17.3k	+17,283 23.3%
37	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	35,000	$21.0m0.41%	0.41%	Reduced -1.9k	-1,869 -5.1%
38	COINBASE GLOBAL INC COM CL A COIN	COIN	60,311	$20.4m0.40%	0.40%	Added +10.1k	+10,091 20.1%
39	APPLE INC COM AAPL	AAPL	74,097	$18.9m0.37%	0.37%	Reduced -143.5k	-143,474 -65.9%
40	META PLATFORMS INC CL A META	META	24,892	$18.3m0.36%	0.36%	Added +15.7k	+15,685 170.4%
41	HCM II ACQUISITION CORP *W EXP 99/99/999 IMSRW	IMSRW	2,724,172	$16.3m0.32%	0.32%	Reduced -91.2k	-91,161 -3.2%
42	BLOOM ENERGY CORP COM CL A BE	BE	185,314	$15.7m0.31%	0.31%	New
43	CIRCLE INTERNET GROUP INC COM CL A CRCL	CRCL	98,355	$13.0m0.26%	0.26%	Added +78.9k	+78,879 405.0%
44	PAPA JOHNS INTL INC COM PZZA	PZZA	256,992	$12.4m0.24%	0.24%	New
45	ADOBE INC COM ADBE	ADBE	34,075	$12.0m0.24%	0.24%	Added +29.5k	+29,517 647.6%
46	ARM HOLDINGS PLC SPONSORED ADS ARM	ARM	76,958	$10.9m0.21%	0.21%	Added +26.0k	+26,022 51.1%
47	SERVICENOW INC COM NOW	NOW	11,010	$10.1m0.20%	0.20%	New
48	GUESS INC COM COM		590,611	$9.9m0.19%	0.19%	Added +110.1k	+110,085 22.9%
49	ALPHABET INC CAP STK CL A GOOGL	GOOGL	39,799	$9.7m0.19%	0.19%	Added +1.8k	+1,771 4.7%
50	REDDIT INC CL A RDDT	RDDT	41,013	$9.4m0.18%	0.18%	Reduced -40.0k	-40,039 -49.4%
51	JD.COM INC SPON ADS CL A JD	JD	264,426	$9.2m0.18%	0.18%	Added +213.9k	+213,878 423.1%
52	MARA HOLDINGS INC COM MARA	MARA	485,028	$8.9m0.17%	0.17%	Added +16.0k	+16,012 3.4%
53	BARRICK MNG CORP COM SHS B	B	263,315	$8.6m0.17%	0.17%	Added +252.8k	+252,814 2407.5%
54	CME GROUP INC COM CME	CME	30,036	$8.1m0.16%	0.16%	Reduced -4.3k	-4,306 -12.5%
55	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		691,230	$8.1m0.16%	0.16%	Added +340.3k	+340,273 97.0%
56	RIO TINTO PLC SPONSORED ADR RIO	RIO	110,162	$7.3m0.14%	0.14%	New
57	MICROSOFT CORP COM MSFT	MSFT	12,595	$6.5m0.13%	0.13%	Reduced -9.1k	-9,101 -42.0%
58	IREN LIMITED ORDINARY SHARES IREN	IREN	136,481	$6.4m0.13%	0.13%	Added +92.2k	+92,234 208.4%
59	MARVELL TECHNOLOGY INC COM MRVL	MRVL	74,900	$6.3m0.12%	0.12%	Reduced -48.6k	-48,576 -39.3%
60	APARTMENT INVT & MGMT CO CL A AIV	AIV	735,000	$5.8m0.11%	0.11%	Added +460.0k	+460,000 167.3%
61	SALESFORCE INC COM CRM	CRM	24,565	$5.8m0.11%	0.11%	Added +19.1k	+19,096 349.2%
62	UBER TECHNOLOGIES INC COM UBER	UBER	58,946	$5.8m0.11%	0.11%	Added +15.6k	+15,582 35.9%
63	B2GOLD CORP COM BTG	BTG	1,143,710	$5.7m0.11%	0.11%	Added +1.1m	+1,132,886 10466.4%
64	HCM II ACQUISITION CORP SHS CL A IMSR	IMSR	341,328	$5.6m0.11%	0.11%	Reduced -125.0k	-124,959 -26.8%
65	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	148,778	$5.6m0.11%	0.11%	Added +40.3k	+40,345 37.2%
66	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	54,739	$5.4m0.11%	0.11%	New
67	XBP GLOBAL HOLDINGS INC COM COM		6,636,853	$5.4m0.10%	0.10%	Added +572.4k	+572,449 9.4%
68	PAYPAL HLDGS INC COM PYPL	PYPL	78,700	$5.3m0.10%	0.10%	Added +67.7k	+67,713 616.3%
69	AVIDITY BIOSCIENCES INC COM RNA	RNA	114,236	$5.0m0.10%	0.10%	New
70	MAREX GROUP PLC ORD 96665EUR	96665EUR	140,000	$4.7m0.09%	0.09%	Added +67.5k	+67,500 93.1%
71	NIKE INC CL B NKE	NKE	66,174	$4.6m0.09%	0.09%	Added +50.0k	+49,964 308.2%
72	GLOBAL SHIP LEASE INC NEW COM CL A GSL	GSL	142,922	$4.4m0.09%	0.09%	Unchanged
73	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	24,140	$4.3m0.08%	0.08%	Reduced -996.0k	-996,020 -97.6%
74	EQV VENTURES AC CORP. II ORD SHS CL A EVAC	EVAC	426,714	$4.2m0.08%	0.08%	New
75	SILENCE THERAPEUTICS PLC ADS SLN	SLN	801,306	$4.2m0.08%	0.08%	Added +12.3k	+12,267 1.6%
76	T-MOBILE US INC COM TMUS	TMUS	17,347	$4.2m0.08%	0.08%	Added +14.3k	+14,330 475.0%
77	89BIO INC COM ETNB	ETNB	267,606	$3.9m0.08%	0.08%	New
78	ENTRADA THERAPEUTICS INC COM TRDA	TRDA	67,334	$3.9m0.08%	0.08%	New
79	WESTERN DIGITAL CORP COM WDC	WDC	32,487	$3.9m0.08%	0.08%	Added +26.0k	+25,987 399.8%
80	ISHARES ETHEREUM TR SHS ETHA	ETHA	119,071	$3.8m0.07%	0.07%	Added +35.5k	+35,545 42.6%
81	PROCAP ACQUISITION CORP UNIT 05/16/2030 PCAPU	PCAPU	353,968	$3.7m0.07%	0.07%	Added +323.7k	+323,700 1069.5%
82	DIAGEO PLC SPON ADR NEW DEO	DEO	34,872	$3.3m0.07%	0.07%	New
83	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	14,475	$3.3m0.06%	0.06%	Reduced -10.5k	-10,475 -42.0%
84	SHELL PLC SPON ADS SHEL	SHEL	43,895	$3.1m0.06%	0.06%	New
85	GITLAB INC CLASS A COM GTLB	GTLB	69,000	$3.1m0.06%	0.06%	Added +50.8k	+50,840 280.0%
86	ARISTA NETWORKS INC COM SHS ANET	ANET	21,250	$3.1m0.06%	0.06%	Added +12.4k	+12,370 139.3%
87	ABIVAX SA SPONSORED ADS ABVX	ABVX	35,000	$3.0m0.06%	0.06%	New
88	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	15,410	$2.8m0.06%	0.06%	Reduced -58.4k	-58,410 -79.1%
89	REPUBLIC DIGITAL ACQUISITION UNIT 99/99/9999 RDAGU	RDAGU	259,100	$2.7m0.05%	0.05%	New
90	NEW PROVIDENCE ACQUISITION C UNIT 99/99/9999 NPACU	NPACU	261,000	$2.7m0.05%	0.05%	Reduced -10.4k	-10,400 -3.8%
91	CEA INDUSTRIES INC COM BNC	BNC	339,634	$2.6m0.05%	0.05%	New
92	NU HLDGS LTD ORD SHS CL A NU	NU	164,765	$2.6m0.05%	0.05%	Added +14.0k	+13,985 9.3%
93	INFLECTION PT ACQUISITION CO UNIT 03/01/2027 UNIT 03/01/2027		240,000	$2.5m0.05%	0.05%	Reduced -24.3k	-24,295 -9.2%
94	SANDISK CORP COM SNDK	SNDK	21,979	$2.5m0.05%	0.05%	New
95	NEXXEN INTL LTD SHS NEW NEXN	NEXN	261,286	$2.4m0.05%	0.05%	Unchanged
96	JAMES RIV GROUP LTD COM JRVR	JRVR	434,657	$2.4m0.05%	0.05%	Added +118.7k	+118,657 37.5%
97	OSCAR HEALTH INC CL A OSCR	OSCR	125,144	$2.4m0.05%	0.05%	Added +2.6k	+2,637 2.1%
98	OCULAR THERAPEUTIX INC COM OCUL	OCUL	201,865	$2.4m0.05%	0.05%	New
99	SOULPOWER ACQUISITION CORP UNIT 99/99/9999 SOUL.U	SOUL.U	220,000	$2.3m0.05%	0.05%	Reduced -68.2k	-68,200 -23.7%
100	FIFTH ERA ACQUISITION CORP I UNIT 99/99/9999 FERAU	FERAU	220,000	$2.3m0.05%	0.05%	Unchanged

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
CORE SCIENTIFIC INC NEW CORZ	CORZ	857,068	$14.6m857.1k shares
SKECHERS U S A INC SKX	SKX	72,278	$4.6m72.3k shares
AGIOS PHARMACEUTICALS INC AGIO	AGIO	134,200	$4.5m134.2k shares
WNS HLDGS LTD WNS	WNS	69,978	$4.4m70.0k shares
ROIVANT SCIENCES LTD ROIV	ROIV	350,001	$3.9m350.0k shares
INTERPUBLIC GROUP COS INC IPG	IPG	154,605	$3.8m154.6k shares
VERINT SYS INC VRNT	VRNT	178,573	$3.5m178.6k shares
COHEN CIRCLE ACQUISITION COR		270,000	$3.0m270.0k shares
VALE S A VALE	VALE	277,666	$2.7m277.7k shares
GE AEROSPACE GE	GE	9,487	$2.4m9.5k shares
CONTEXTLOGIC INC LOGC	LOGC	351,814	$2.4m351.8k shares
FTAI AVIATION LTD FTAI	FTAI	20,000	$2.3m20.0k shares
VIKING THERAPEUTICS INC VKTX	VKTX	86,698	$2.3m86.7k shares
ABRDN PALLADIUM ETF TRUST PALL	PALL	20,010	$2.0m20.0k shares
BLUE WTR ACQUISITION CORP. I BLUWU	BLUWU	183,944	$1.8m183.9k shares
ASML HOLDING N V ASML	ASML	2,188	$1.8m2.2k shares
ALUMIS INC ALMS	ALMS	559,201	$1.7m559.2k shares
BOEING CO BA	BA	7,786	$1.6m7.8k shares
PHILIP MORRIS INTL INC PM	PM	8,801	$1.6m8.8k shares
RAPID7 INC RPD	RPD	69,147	$1.6m69.1k shares
NABORS ENERGY TRANSITION COR		137,700	$1.5m137.7k shares
ANHEUSER BUSCH INBEV SA/NV BUD	BUD	21,061	$1.4m21.1k shares
AMEDISYS INC AMED	AMED	13,949	$1.4m13.9k shares
PEPSICO INC PEP	PEP	10,175	$1.3m10.2k shares
INTERCONTINENTAL EXCHANGE IN ICE	ICE	6,747	$1.2m6.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
MICROSTRATEGY INC MSTR · Put	MSTR	Put	1,050,000	$1.1bn1.1m shares	Reduced
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	1,312,500	$740.5m1.3m shares	Reduced
NVIDIA CORPORATION NVDA · Put	NVDA	Put	3,600,000	$671.7m3.6m shares	Reduced
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	3,672,886	$299.3m3.7m shares	Added
ROBINHOOD MKTS INC HOOD · Put	HOOD	Put	1,550,000	$221.9m1.6m shares	New
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	270,000	$179.9m270.0k shares	Reduced
TESLA INC TSLA · Put	TSLA	Put	400,000	$177.9m400.0k shares	New
SUPER MICRO COMPUTER INC SMCI · Put	SMCI	Put	3,650,000	$175.0m3.6m shares	Added
UNITEDHEALTH GROUP INC UNH · Put	UNH	Put	355,000	$120.9m355.0k shares	New
TESLA INC TSLA · Call	TSLA	Call	212,500	$94.5m212.5k shares	Added
MICROSTRATEGY INC MSTR · Call	MSTR	Call	290,400	$93.6m290.4k shares	New
ISHARES BITCOIN TRUST ETF IBIT · Call	IBIT	Call	1,427,500	$92.6m1.4m shares	Added
PALANTIR TECHNOLOGIES INC PLTR · Call	PLTR	Call	410,000	$74.8m410.0k shares	Added
RIGETTI COMPUTING INC RGTI · Put	RGTI	Put	2,415,000	$71.9m2.4m shares	New
ROCKET LAB CORP RKLB · Put	RKLB	Put	1,470,000	$70.4m1.5m shares	New
BROADCOM INC AVGO · Put	AVGO	Put	200,000	$66.0m200.0k shares	Added
OKLO INC OKLO · Put	OKLO	Put	590,600	$65.9m590.6k shares	New
IONQ INC IONQ · Call	IONQ	Call	980,000	$60.3m980.0k shares	New
ORACLE CORP ORCL · Put	ORCL	Put	200,000	$56.2m200.0k shares	New
ISHARES ETHEREUM TR ETHA · Call	ETHA	Call	1,701,000	$53.6m1.7m shares	New
HIMS & HERS HEALTH INC HIMS · Put	HIMS	Put	890,100	$50.5m890.1k shares	New
IONQ INC IONQ · Put	IONQ	Put	805,000	$49.5m805.0k shares	New
NVIDIA CORPORATION NVDA · Call	NVDA	Call	250,000	$46.6m250.0k shares	Reduced
COREWEAVE INC CRWV · Put	CRWV	Put	330,000	$45.2m330.0k shares	New
INTEL CORP INTC · Put	INTC	Put	1,200,000	$40.3m1.2m shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BGC GROUP INC BGC · 13D · filed 2025-10-06	BGC	23.4%≈ $1.2bn	-0.1 pts	13D	2025-10-06
NEWMARK GROUP INC NMRK · 13D · filed 2025-10-06	NMRK	22.3%≈ $665.2m	-0.1 pts	13D	2025-10-06
XBP GLOBAL HOLDINGS INC 13D · filed 2026-09-22		7.2%	+0.4 pts	13D	2026-09-22

Trades reported as a company insider in Q3 2025

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2025-08-22	CANTOR EQUITY PARTNERS IV IN 10% owner	CEPF	Bought	900,000	$9.0m900.0k shares	new