QVT Financial LP

New York, NY · CIK 1290162 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited partnership

Assets managed$1.8bn
Staff31 · 8 in investment roles
Main clients (by assets)Private funds 100%
Private funds39 (1 hedge) · $1.8bn gross assets
Websiteqvt.com
Form ADV · 2026-03-31SEC adviser record

Legal entityQVT FINANCIAL LP (US)

$1.6bn reported value +23.4% vs Q1 2026

72positions

80.1%in top 10

14 new 13 added 23 reduced 9 sold out vs Q1 2026

Options: 2 call positions ($2.4m notional), 7 put positions ($136.1m notional) – listed below, not included above.

Holdings, Q2 2026

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	ROIVANT SCIENCES LTD SHS ROIV	ROIV	23,723,074	$839.6m53.73%	53.73%	Reduced -1.4m	-1,438,163 -5.7%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	95,837	$71.6m4.58%	4.58%	Added +91.1k	+91,141 1940.8%
3	OKEANIS ECO TANKERS COR SHS ECO	ECO	1,423,997	$64.2m4.11%	4.11%	Unchanged
4	ALLOT LTD SHS ALLT	ALLT	5,598,293	$49.5m3.17%	3.17%	Unchanged
5	GOLDMAN SACHS GROUP INC COM GS	GS	48,286	$48.8m3.13%	3.13%	Reduced -8.0k	-8,016 -14.2%
6	ANTERIX INC COM ATEX	ATEX	383,941	$39.5m2.53%	2.53%	Reduced -120.0k	-120,000 -23.8%
7	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	53,044	$39.1m2.50%	2.50%	Reduced -10.5k	-10,451 -16.5%
8	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	198,891	$35.5m2.27%	2.27%	Added +43.6k	+43,610 28.1%
9	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	67,124	$33.6m2.15%	2.15%	Added +19.2k	+19,178 40.0%
10	NELNET INC CL A NNI	NNI	231,414	$30.9m1.97%	1.97%	Unchanged
11	APPLE INC COM AAPL	AAPL	90,765	$26.3m1.68%	1.68%	Unchanged
12	NVIDIA CORPORATION COM NVDA	NVDA	125,158	$25.0m1.60%	1.60%	Reduced -12.0k	-12,029 -8.8%
13	NEW YORK TIMES CO CL A NYT	NYT	316,947	$22.2m1.42%	1.42%	Unchanged
14	AADI BIOSCIENCE INC COM WHWK	WHWK	4,615,709	$21.1m1.35%	1.35%	Unchanged
15	INFLEQTION INC COM SHS INFQ	INFQ	1,170,881	$15.6m1.00%	1.00%	Reduced -83.3k	-83,339 -6.6%
16	LIBERTY LATIN AMERICA LTD COM CL C LILAK	LILAK	1,949,734	$15.2m0.97%	0.97%	Added +200.3k	+200,267 11.4%
17	REAL ASSET ACQUISITION CORP SHS CL A SHS CL A		1,398,027	$15.1m0.97%	0.97%	Added +635.3k	+635,342 83.3%
18	MAGNITE INC COM MGNI	MGNI	747,437	$14.2m0.91%	0.91%	Added +293.5k	+293,527 64.7%
19	MICROSOFT CORP COM MSFT	MSFT	37,710	$14.1m0.90%	0.90%	Reduced -7.8k	-7,829 -17.2%
20	VISHAY INTERTECHNOLOGY INC NOTE 2.250% 9/1 · principal VSH 2.25 09.15.30 · principal	VSH 2.25 09.15.30	6,500,000	$12.9m0.83%	0.83%	New
21	ZURA BIO LTD CLASS A ORD SHS ZURA	ZURA	1,895,153	$11.2m0.72%	0.72%	Added +584.6k	+584,560 44.6%
22	CARMAX INC COM KMX	KMX	200,000	$10.6m0.68%	0.68%	Reduced -60.9k	-60,903 -23.3%
23	NOBLE CORP PLC ORD SHS A NE	NE	208,634	$7.8m0.50%	0.50%	Unchanged
24	NUVATION BIO INC NOTE 0.750% 7/0 · principal NUVB 0.75 07.01.32 · principal	NUVB 0.75 07.01.32	7,000,000	$7.3m0.47%	0.47%	New
25	BROADCOM INC COM AVGO	AVGO	16,675	$6.3m0.40%	0.40%	Reduced -1.1k	-1,054 -6.0%
26	RADCOM LTD SHS NEW RDCM	RDCM	445,265	$6.3m0.40%	0.40%	New
27	JANUS DETROIT STR TR HENDRSON AAA CL JAAA	JAAA	118,582	$6.0m0.38%	0.38%	Unchanged
28	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	125,000	$5.6m0.36%	0.36%	Reduced -50.0k	-50,000 -28.6%
29	BIOHAVEN LTD COM BHVN	BHVN	354,206	$5.3m0.34%	0.34%	Added +184.2k	+184,200 108.3%
30	SUMMIT THERAPEUTICS INC COM SMMT	SMMT	360,524	$5.3m0.34%	0.34%	Unchanged
31	ARGENX SE SPONSORED ADR ARGX	ARGX	5,218	$4.8m0.31%	0.31%	Unchanged
32	BLACKSTONE SECD LENDING FD COMMON STOCK BXSL	BXSL	187,226	$4.4m0.28%	0.28%	Reduced -62.4k	-62,408 -25.0%
33	ADVANCED MICRO DEVICES INC COM AMD	AMD	6,988	$4.1m0.26%	0.26%	Reduced -545	-545 -7.2%
34	ISHARES TR ISHARES BIOTECH IBB	IBB	18,497	$3.5m0.23%	0.23%	New
35	COMTECH TELECOMMUNICATIONS C COM NEW CMTL	CMTL	1,676,031	$3.3m0.21%	0.21%	Reduced -18.4k	-18,436 -1.1%
36	SYNOPSYS INC COM SNPS	SNPS	6,522	$2.9m0.19%	0.19%	Reduced -1.0k	-1,029 -13.6%
37	IOVANCE BIOTHERAPEUTICS INC COM IOVA	IOVA	678,564	$2.8m0.18%	0.18%	Unchanged
38	DOORDASH INC CL A DASH	DASH	14,469	$2.7m0.17%	0.17%	Reduced -1.6k	-1,640 -10.2%
39	MAYFAIR GOLD CORP COM NEW MINE	MINE	909,999	$2.1m0.14%	0.14%	Unchanged
40	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	4,018	$1.9m0.12%	0.12%	Added +378	+378 10.4%
41	APPLIED MATLS INC COM AMAT	AMAT	2,550	$1.8m0.12%	0.12%	Reduced -736	-736 -22.4%
42	CORNING INC COM GLW	GLW	6,410	$1.6m0.10%	0.10%	Added +2.2k	+2,246 53.9%
43	MACOM TECH SOLUTIONS HLDGS I COM MTSI	MTSI	3,876	$1.5m0.09%	0.09%	Reduced -764	-764 -16.5%
44	MKS INC. COM MKSI	MKSI	2,686	$1.2m0.08%	0.08%	New
45	PALO ALTO NETWORKS INC COM PANW	PANW	3,441	$1.2m0.08%	0.08%	Reduced -2.9k	-2,921 -45.9%
46	GRAY TELEVISION INC COM GTN	GTN	291,452	$1.2m0.07%	0.07%	Unchanged
47	BLACKSTONE INC COM BX	BX	8,958	$1.1m0.07%	0.07%	Unchanged
48	KKR & CO INC COM KKR	KKR	11,245	$1.0m0.07%	0.07%	Unchanged
49	ARES MANAGEMENT CORPORATION CL A COM STK ARES	ARES	9,219	$1.0m0.07%	0.07%	Unchanged
50	NUVATION BIO INC COM CL A NUVB	NUVB	170,794	$970.1k0.06%	0.06%	New
51	TESLA INC COM TSLA	TSLA	2,138	$899.2k0.06%	0.06%	New
52	SANDISK CORP COM SNDK	SNDK	348	$791.3k0.05%	0.05%	Reduced -1.0k	-1,012 -74.4%
53	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	1,025	$782.2k0.05%	0.05%	Unchanged
54	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	2,081	$781.0k0.05%	0.05%	Reduced -2.2k	-2,214 -51.5%
55	LUMENTUM HLDGS INC COM LITE	LITE	895	$768.0k0.05%	0.05%	Added +451	+451 101.6%
56	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	793	$765.2k0.05%	0.05%	New
57	MICRON TECHNOLOGY INC COM MU	MU	610	$704.1k0.05%	0.05%	New
58	FORTINET INC COM FTNT	FTNT	4,535	$696.7k0.04%	0.04%	New
59	ALPHABET INC CAP STK CL C GOOG	GOOG	1,934	$683.3k0.04%	0.04%	Added +407	+407 26.6%
60	SNOWFLAKE INC CL A SNOW	SNOW	2,308	$587.4k0.04%	0.04%	Reduced -979	-979 -29.8%
61	NOKIA CORP SPONSORED ADR NOK	NOK	44,132	$586.1k0.04%	0.04%	Added +32.1k	+32,062 265.6%
62	CLOUDFLARE INC CL A COM NET	NET	2,290	$561.7k0.04%	0.04%	Unchanged
63	CIENA CORP COM NEW CIEN	CIEN	880	$431.7k0.03%	0.03%	New
64	TRIP COM GROUP LTD ADS TCOM	TCOM	9,604	$382.6k0.02%	0.02%	New
65	MONGODB INC CL A MDB	MDB	1,070	$359.4k0.02%	0.02%	Reduced -2.1k	-2,072 -66.0%
66	INFLEQTION INC *W EXP 02/17/203 INFQ.WS	INFQ.WS	50,000	$343.5k0.02%	0.02%	Unchanged
67	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	2,887	$336.8k0.02%	0.02%	Unchanged
68	ALPHABET INC CAP STK CL A GOOGL	GOOGL	832	$297.3k0.02%	0.02%	Reduced -4.2k	-4,176 -83.4%
69	AKAMAI TECHNOLOGIES INC COM AKAM	AKAM	2,372	$280.4k0.02%	0.02%	Unchanged
70	ASTERA LABS INC COM ALAB	ALAB	572	$276.3k0.02%	0.02%	New
71	META PLATFORMS INC CL A META	META	446	$251.2k0.02%	0.02%	New
72	ZSCALER INC COM ZS	ZS	1,459	$205.9k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AMICUS THERAPEUTICS INC FOLD	FOLD	699,301	$10.1m699.3k shares
BIRKENSTOCK HOLDING PLC BIRK	BIRK	273,538	$9.8m273.5k shares
MAKEMYTRIP LIMITED MAURITIUS MMYT 0 02.15.28	MMYT 0 02.15.28	6,500,000	$7.6m6.5m shares
CARVANA CO CVNA	CVNA	18,330	$1.2m18.3k shares
AIRBNB INC ABNB	ABNB	5,534	$698.8k5.5k shares
SHOPIFY INC SHOP	SHOP	5,639	$668.9k5.6k shares
NETFLIX INC NFLX	NFLX	5,920	$569.2k5.9k shares
RAMBUS INC DEL RMBS	RMBS	4,648	$399.9k4.6k shares
AMPHENOL CORP APH	APH	2,780	$351.3k2.8k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
JACKSON FINANCIAL INC JXN · Put	JXN	Put	616,600	$63.1m616.6k shares	New
CARVANA CO CVNA · Put	CVNA	Put	820,000	$54.0m820.0k shares	Reduced
METLIFE INC MET · Put	MET	Put	100,000	$8.5m100.0k shares	New
RIGETTI COMPUTING INC RGTI · Put	RGTI	Put	250,000	$4.8m250.0k shares	Added
IONQ INC IONQ · Put	IONQ	Put	50,000	$2.7m50.0k shares	Reduced
D-WAVE QUANTUM INC QBTS · Put	QBTS	Put	100,000	$2.4m100.0k shares	Reduced
SANDISK CORP SNDK · Call	SNDK	Call	700	$1.6m700 shares	New
MICRON TECHNOLOGY INC MU · Call	MU	Call	700	$808.0k700 shares	New
VANECK ETF TRUST SMH · Put	SMH	Put	1,000	$655.9k1.0k 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
ALLOT LTD ALLT · 13D · filed 2026-08-26	ALLT	11.7%≈ $50.8m	+1.3 pts	13D	2026-08-26
AADI BIOSCIENCE INC WHWK · 13G · filed 2025-02-14	WHWK	9.4%≈ $10.6m	new	13G	2025-02-14
TOURMALINE BIO INC TRML · 13G · filed 2025-08-14	TRML	8.4%	+2.7 pts	13G	2025-08-14
COMTECH TELECOMMUNICATIONS C CMTL · 13G · filed 2026-05-15	CMTL	5.7%≈ $3.6m	new	13G	2026-05-15

Trades reported as a company insider since 1 Apr 2026

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
2026-08-14	OKEANIS ECO TANKERS COR Director by Deputization · Held by QVT Family Office Fund LP	ECO	Sold	68,420	$4.1m68.4k shares	-5%
2026-08-13	OKEANIS ECO TANKERS COR Director by Deputization · Held by QVT Family Office Fund LP	ECO	Sold	8,539	$555.4k8.5k shares	-1%
2026-06-30	ROIVANT SCIENCES LTD Director by Deputization · Held by QVT Financial Investment Cayman Ltd.	ROIV	Sold	12,380	$436.8k12.4k shares	-<1%
2026-06-29	ROIVANT SCIENCES LTD Director by Deputization · Held by QVT Financial Investment Cayman Ltd.	ROIV	Sold	800,000	$27.6m800.0k shares	-6%
2026-06-26	ROIVANT SCIENCES LTD Director by Deputization · Held by QVT Financial Investment Cayman Ltd.	ROIV	Sold	625,783	$21.3m625.8k shares	-4%