Lombard Odier Asset Management (USA) Corp

New York, NY · CIK 1491719 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2011 · corporation

Assets managed$7.5bn
Staff64 · 27 in investment roles
Main clients (by assets)Private funds 92%
Private funds9 (8 hedge) · $7.0bn gross assets
Form ADV · 2026-03-31SEC adviser record

Legal entityLOMBARD ODIER ASSET MANAGEMENT (USA) CORP (US)

Kindhedge funds, futures
Others nearbyNew York, NY, London, Houston, TX
FamilyCompagnie Lombard Odier SCmA · 2 related pages · largest: Compagnie Lombard Odier SCmA

As an employer

Offices in3 countries
Private fundshedge 8, other private 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States
LondonUnited Kingdom	United Kingdom	18
Petit-LancySwitzerland	Switzerland	12
Houston, TXUnited States	United States	1

US visa salary filings

Filings FY2024–20253
Median salary offered$176,000
Middle half$148,000 – $178,000
Job titles3

Job title	Filings	Median	Range
Sustainability ManagerNew York, NY	1	$180,000
International It Services SpecialistNew York, NY	1	$176,000
Risk Data AnalystNew York, NY	1	$120,000	$120,000 – $150,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Lombard Odier Asset Management (USA) Corp., Lombard Odier Asset Management USA CORP.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$111.9m reported value -39.8% vs Q1 2026

77positions

51.3%in top 10

28 new 10 added 32 reduced 148 sold out vs Q1 2026

Options: 32 call positions ($254.1m notional), 33 put positions ($360.9m 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	RIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 · principal RIVN 4.625 03.15.29 · principal	RIVN 4.625 03.15.29	15,000,000	$17.8m15.89%	15.89%	Unchanged
2	KOSMOS ENERGY LTD NOTE 3.125% 3/1 · principal KOS 3.125 03.15.30 · principal	KOS 3.125 03.15.30	14,000,000	$10.3m9.18%	9.18%	Unchanged
3	UNITI GROUP LLC NOTE 7.500%12/0 · principal UNIT 7.5 12.01.27 · principal	UNIT 7.5 12.01.27	5,255,000	$6.3m5.66%	5.66%	Unchanged
4	STRATEGY INC NOTE 0.875% 3/1 · principal MSTR 0.875 03.15.31 · principal	MSTR 0.875 03.15.31	6,000,000	$5.5m4.95%	4.95%	Unchanged
5	APPLE INC COM AAPL	AAPL	12,000	$3.5m3.10%	3.10%	Reduced -384	-384 -3.1%
6	NEXXEN INTL LTD SHS NEW NEXN	NEXN	503,393	$3.4m3.06%	3.06%	Added +14.3k	+14,316 2.9%
7	CAESARS ENTERTAINMENT INC NE COM CZR	CZR	100,000	$3.0m2.70%	2.70%	Reduced -58.0k	-58,027 -36.7%
8	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	279,814	$2.6m2.35%	2.35%	Reduced -40.2k	-40,186 -12.6%
9	AMERICAN AXLE & MFG HLDGS IN COM DCH	DCH	465,000	$2.5m2.25%	2.25%	Added +5.0k	+5,000 1.1%
10	TD SYNNEX CORPORATION COM SNX	SNX	9,117	$2.4m2.18%	2.18%	Added +2.7k	+2,678 41.6%
11	MGM RESORTS INTERNATIONAL COM MGM	MGM	50,000	$2.4m2.14%	2.14%	Reduced -18.0k	-18,000 -26.5%
12	CRESCENT ENERGY COMPANY CL A COM CRGY	CRGY	235,098	$2.3m2.06%	2.06%	Added +148.1k	+148,098 170.2%
13	ALPHABET INC CAP STK CL A GOOGL	GOOGL	5,425	$1.9m1.73%	1.73%	Reduced -4.4k	-4,440 -45.0%
14	NABORS INDUSTRIES LTD SHS NBR	NBR	21,500	$1.8m1.61%	1.61%	Reduced -9.5k	-9,500 -30.6%
15	API GROUP CORP COM STK APG	APG	42,472	$1.8m1.61%	1.61%	Added +2.6k	+2,575 6.5%
16	SCHLUMBERGER LTD COM STK SLB	SLB	36,000	$1.7m1.50%	1.50%	Unchanged
17	PERIMETER SOLUTIONS INC COMMON STOCK PRM	PRM	43,576	$1.6m1.39%	1.39%	Added +13.7k	+13,664 45.7%
18	GOODYEAR TIRE & RUBR CO COM GT	GT	229,000	$1.5m1.35%	1.35%	Added +3.0k	+3,000 1.3%
19	CANADIAN NATL RY CO COM CNI	CNI	11,898	$1.4m1.27%	1.27%	Reduced -1.7k	-1,700 -12.5%
20	NETFLIX INC COM NFLX	NFLX	19,000	$1.4m1.21%	1.21%	Unchanged
21	MICRON TECHNOLOGY INC COM MU	MU	1,064	$1.2m1.10%	1.10%	New
22	FEDEX CORP COM FDX	FDX	3,916	$1.2m1.10%	1.10%	Reduced -559	-559 -12.5%
23	TALEN ENERGY CORP COM TLN	TLN	3,184	$1.2m1.09%	1.09%	Reduced -455	-455 -12.5%
24	KNIGHT-SWIFT TRANSN HLDGS IN CL A KNX	KNX	15,494	$1.2m1.08%	1.08%	New
25	MASTERCARD INCORPORATED CL A MA	MA	2,143	$1.1m0.98%	0.98%	New
26	XEROX HOLDINGS CORP COM NEW XRX	XRX	350,000	$1.1m0.98%	0.98%	Unchanged
27	GALLAGHER ARTHUR J & CO COM AJG	AJG	4,737	$1.1m0.97%	0.97%	New
28	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	21,594	$974.1k0.87%	0.87%	New
29	CASEYS GEN STORES INC COM CASY	CASY	1,224	$972.8k0.87%	0.87%	Reduced -2.2k	-2,214 -64.4%
30	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	10,464	$963.6k0.86%	0.86%	Reduced -12.1k	-12,128 -53.7%
31	AERCAP HOLDINGS NV SHS AER	AER	6,517	$950.0k0.85%	0.85%	Reduced -3.9k	-3,941 -37.7%
32	CORNING INC COM GLW	GLW	3,452	$881.7k0.79%	0.79%	New
33	AMRIZE LTD SHS AMRZ	AMRZ	16,189	$862.9k0.77%	0.77%	Reduced -4.0k	-3,983 -19.8%
34	DIGITAL RLTY TR INC COM DLR	DLR	4,704	$844.7k0.75%	0.75%	New
35	HUNT J B TRANS SVCS INC COM JBHT	JBHT	2,907	$841.4k0.75%	0.75%	New
36	RBC BEARINGS INC COM RBC	RBC	1,223	$787.7k0.70%	0.70%	Reduced -1.5k	-1,457 -54.4%
37	ISHARES INC MSCI STH KOR ETF EWY	EWY	3,819	$771.1k0.69%	0.69%	New
38	HEICO CORP NEW COM HEI	HEI	2,145	$764.0k0.68%	0.68%	Reduced -1.4k	-1,414 -39.7%
39	CAPITAL ONE FINL CORP COM COF	COF	3,800	$762.4k0.68%	0.68%	Added +1.0k	+1,000 35.7%
40	SANDISK CORP COM SNDK	SNDK	326	$741.2k0.66%	0.66%	New
41	AMETEK INC COM AME	AME	3,031	$733.3k0.66%	0.66%	New
42	FEDEX FGHT HLDG CO INC COMMON STOCK FDXF	FDXF	4,745	$716.5k0.64%	0.64%	New
43	NVIDIA CORPORATION COM NVDA	NVDA	3,546	$709.5k0.63%	0.63%	Reduced -1.9k	-1,940 -35.4%
44	CSX CORP COM CSX	CSX	14,904	$708.4k0.63%	0.63%	Reduced -2.1k	-2,129 -12.5%
45	HUB GROUP INC CL A HUBG	HUBG	15,916	$697.0k0.62%	0.62%	New
46	VISA INC COM CL A V	V	2,000	$686.2k0.61%	0.61%	Reduced -200	-200 -9.1%
47	CALUMET INC COM CLMT	CLMT	17,868	$643.6k0.58%	0.58%	Reduced -41.7k	-41,666 -70.0%
48	INTERACTIVE BROKERS GROUP IN COM CL A IBKR	IBKR	7,283	$633.9k0.57%	0.57%	Added +3.8k	+3,783 108.1%
49	EASTMAN CHEM CO COM EMN	EMN	8,585	$575.0k0.51%	0.51%	Reduced -1.2k	-1,226 -12.5%
50	CENCORA INC COM COR	COR	2,008	$568.2k0.51%	0.51%	Reduced -2.2k	-2,163 -51.9%
51	SAIA INC COM SAIA	SAIA	1,347	$567.3k0.51%	0.51%	New
52	MCKESSON CORP COM MCK	MCK	750	$566.7k0.51%	0.51%	Reduced -1.7k	-1,664 -68.9%
53	ROSS STORES INC COM ROST	ROST	2,601	$553.6k0.49%	0.49%	Reduced -2.0k	-1,956 -42.9%
54	APOLLO GLOBAL MGMT INC COM APO	APO	4,600	$544.2k0.49%	0.49%	New
55	AECOM COM ACM	ACM	7,704	$537.7k0.48%	0.48%	Reduced -2.2k	-2,220 -22.4%
56	UBER TECHNOLOGIES INC COM UBER	UBER	7,000	$505.1k0.45%	0.45%	Reduced -2.8k	-2,842 -28.9%
57	ANAPTYSBIO INC COM ANAB	ANAB	7,400	$499.5k0.45%	0.45%	New
58	APTIV PLC COM SHS APTV	APTV	7,816	$479.7k0.43%	0.43%	Reduced -1.1k	-1,117 -12.5%
59	HERTZ GLOBAL HLDGS INC COM NEW HTZ	HTZ	204,729	$464.7k0.42%	0.42%	Added +4.7k	+4,729 2.4%
60	WOODWARD INC COM WWD	WWD	1,072	$456.1k0.41%	0.41%	Reduced -620	-620 -36.6%
61	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	223	$443.6k0.40%	0.40%	New
62	INTEL CORP COM INTC	INTC	3,135	$437.7k0.39%	0.39%	New
63	EXPEDIA GROUP INC COM NEW EXPE	EXPE	1,600	$409.4k0.37%	0.37%	New
64	ADVANCED MICRO DEVICES INC COM AMD	AMD	676	$392.7k0.35%	0.35%	New
65	SOMNIGROUP INTERNATIONAL INC COM SGI	SGI	5,000	$392.0k0.35%	0.35%	New
66	EATON CORP PLC SHS ETN	ETN	834	$355.4k0.32%	0.32%	New
67	COMFORT SYS USA INC COM FIX	FIX	165	$327.0k0.29%	0.29%	New
68	BROADCOM INC COM AVGO	AVGO	861	$325.2k0.29%	0.29%	New
69	WESTERN DIGITAL CORP COM WDC	WDC	489	$312.3k0.28%	0.28%	New
70	GOLAR LNG LTD SHS GLNG	GLNG	6,000	$299.0k0.27%	0.27%	Reduced -22.7k	-22,667 -79.1%
71	COMMUNITY HEALTH SYS INC NEW COM CYH	CYH	89,000	$297.3k0.27%	0.27%	Reduced -12.0k	-12,000 -11.9%
72	FIRSTCASH HOLDINGS INC COM FCFS	FCFS	1,297	$280.6k0.25%	0.25%	New
73	PERFORMANCE FOOD GROUP CO COM PFGC	PFGC	2,500	$279.5k0.25%	0.25%	Reduced -800	-800 -24.2%
74	DANA INC COM DAN	DAN	9,845	$267.9k0.24%	0.24%	New
75	LINEAGE INC COM LINE	LINE	6,000	$259.5k0.23%	0.23%	Reduced -2.0k	-2,000 -25.0%
76	ENERGY FUELS INC COM NEW UUUU	UUUU	17,879	$259.2k0.23%	0.23%	New
77	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	500	$238.8k0.21%	0.21%	Reduced -1.0k	-1,000 -66.7%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
NCL CORP LTD NCLH 1.125 02.15.27	NCLH 1.125 02.15.27	14,500,000	$14.2m14.5m shares
ORGANON & CO OGN	OGN	380,000	$2.3m380.0k shares
MICROSOFT CORP MSFT	MSFT	5,697	$2.1m5.7k shares
QXO INC QXO	QXO	97,052	$1.9m97.1k shares
EXPAND ENERGY CORPORATION EXE	EXE	16,388	$1.8m16.4k shares
MOTOROLA SOLUTIONS INC MSI	MSI	3,939	$1.7m3.9k shares
DECKERS OUTDOOR CORP DECK	DECK	17,000	$1.7m17.0k shares
SELECT WATER SOLUTIONS INC WTTR	WTTR	96,870	$1.5m96.9k shares
TJX COS INC NEW TJX	TJX	9,232	$1.5m9.2k shares
TRANSDIGM GROUP INC TDG	TDG	1,145	$1.3m1.1k shares
SPOTIFY TECHNOLOGY S A SPOT	SPOT	2,675	$1.3m2.7k shares
SMURFIT WESTROCK PLC SW	SW	32,500	$1.3m32.5k shares
SOUTHWEST AIRLS CO LUV	LUV	34,363	$1.3m34.4k shares
FIVE BELOW INC FIVE	FIVE	5,366	$1.2m5.4k shares
BOSTON SCIENTIFIC CORP BSX	BSX	19,398	$1.2m19.4k shares
ERMENEGILDO ZEGNA N V ZGN	ZGN	115,000	$1.2m115.0k shares
PROGRESSIVE CORP PGR	PGR	6,012	$1.2m6.0k shares
GENERAL MTRS CO GM	GM	14,868	$1.1m14.9k shares
PULTE GROUP INC PHM	PHM	8,753	$1.0m8.8k shares
OCCIDENTAL PETE CORP OXY	OXY	14,933	$970.6k14.9k shares
OSI SYSTEMS INC OSIS	OSIS	3,603	$956.6k3.6k shares
MOHAWK INDS INC MHK	MHK	9,676	$952.7k9.7k shares
RTX CORPORATION RTX	RTX	4,859	$937.3k4.9k shares
VENTURE GLOBAL INC VG	VG	54,214	$854.4k54.2k shares
UNITED STS BRENT OIL FD LP BNO	BNO	16,413	$853.6k16.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
AMERICAN AIRLS GROUP INC AAL · Put	AAL	Put	6,060,100	$109.5m6.1m shares	Unchanged
APPLE INC AAPL · Put	AAPL	Put	190,000	$55.0m190.0k shares	Unchanged
RIVIAN AUTOMOTIVE INC RIVN · Put	RIVN	Put	1,800,000	$31.2m1.8m shares	Reduced
ISHARES TR TLT · Put	TLT	Put	357,000	$30.9m357.0k shares	Reduced
BRISTOL-MYERS SQUIBB CO BMY · Call	BMY	Call	450,000	$25.9m450.0k shares	Unchanged
COMCAST CORP NEW CMCSA · Call	CMCSA	Call	1,050,000	$25.8m1.1m shares	Unchanged
GILEAD SCIENCES INC GILD · Call	GILD	Call	170,000	$21.5m170.0k shares	Unchanged
BAUSCH HEALTH COS INC BHC · Put	BHC	Put	4,000,000	$19.7m4.0m shares	Added
MERCK & CO INC MRK · Call	MRK	Call	130,000	$16.7m130.0k shares	Unchanged
PFIZER INC PFE · Call	PFE	Call	660,000	$15.9m660.0k shares	Unchanged
BANK AMERICA CORP BAC · Put	BAC	Put	260,000	$14.8m260.0k shares	Added
FORD MTR CO F · Put	F	Put	1,000,000	$13.9m1.0m shares	New
SIMON PPTY GROUP INC NEW SPG · Call	SPG	Call	60,000	$13.4m60.0k shares	Unchanged
METLIFE INC MET · Call	MET	Call	150,000	$12.7m150.0k shares	Unchanged
CISCO SYS INC CSCO · Call	CSCO	Call	100,000	$11.7m100.0k shares	Unchanged
KINDER MORGAN INC DEL KMI · Call	KMI	Call	360,000	$11.5m360.0k shares	Unchanged
NORWEGIAN CRUISE LINE HLDG L NCLH · Call	NCLH	Call	400,000	$8.4m400.0k shares	Unchanged
TARGET CORP TGT · Call	TGT	Call	60,000	$7.8m60.0k shares	Unchanged
GILEAD SCIENCES INC GILD · Put	GILD	Put	60,000	$7.6m60.0k shares	Unchanged
BRISTOL-MYERS SQUIBB CO BMY · Put	BMY	Put	125,000	$7.2m125.0k shares	Unchanged
ORGANON & CO OGN · Call	OGN	Call	525,000	$7.1m525.0k shares	New
MERCK & CO INC MRK · Put	MRK	Put	55,000	$7.1m55.0k shares	Unchanged
COMPASS INC COMP · Call	COMP	Call	572,000	$7.1m572.0k shares	Unchanged
BANK AMERICA CORP BAC · Call	BAC	Call	120,000	$6.8m120.0k shares	New
DISNEY WALT CO DIS · Call	DIS	Call	70,000	$6.7m70.0k shares	Unchanged