Alphadyne Asset Management LP

NEW YORK, NY · CIK 1535943 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2010 · limited partnership

Assets managed$164.8bn
Staff121 · 35 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 (3 hedge) · $164.8bn gross assets
Websiteadyne.com
Form ADV · 2026-03-31SEC adviser record

Legal entityALPHADYNE ASSET MANAGEMENT LP (US)

Kindhedge funds, futures
Others nearbyNew York, NY, London, Hong Kong, Singapore, Copenhagen

As an employer

Offices in6 countries
Private fundshedge 3

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	20
Hong KongHong Kong	Hong Kong	13
SingaporeSingapore	Singapore	11
CopenhagenDenmark	Denmark	10
Chiyoda-Ku, TokyoJapan	Japan	8

US visa salary filings

Filings FY2024–20259
Median salary offered$200,000
Middle half$200,000 – $225,000
Job titles6

Job title	Filings	Median	Range
TraderNew York, NY	3	$225,000	$200,000 – $225,000
Front Office DeveloperNew York, NY	2	$197,500	$195,000 – $200,000
DeveloperNew York, NY	1	$225,000
Risk OfficerNew York, NY	1	$225,000
AnalystNew York, NY	1	$200,000
Data Analytics DeveloperNew York, NY	1	$140,000

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: Alphadyne Asset Management LP.

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

$2.2bn reported value +189.2% vs Q1 2026

204positions

87.6%in top 10

99 new 38 added 67 reduced 146 sold out vs Q1 2026

Options: 322 call positions ($4.3bn notional), 331 put positions ($4.0bn 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	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,695,591	$1.3bn57.27%	57.27%	New
2	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	544,110	$400.7m18.12%	18.12%	New
3	ISHARES TR RUSSELL 2000 ETF IWM	IWM	294,461	$88.5m4.00%	4.00%	New
4	MICRON TECHNOLOGY INC COM MU	MU	67,132	$77.5m3.50%	3.50%	Added +34.9k	+34,932 108.5%
5	MICROSOFT CORP COM MSFT	MSFT	75,850	$28.3m1.28%	1.28%	Reduced -109.3k	-109,322 -59.0%
6	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	48,719	$23.3m1.05%	1.05%	Reduced -3.3k	-3,281 -6.3%
7	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	185,942	$17.8m0.81%	0.81%	Added +116.9k	+116,861 169.2%
8	PALO ALTO NETWORKS INC COM PANW	PANW	36,406	$12.4m0.56%	0.56%	Added +34.5k	+34,466 1776.6%
9	META PLATFORMS INC CL A META	META	20,844	$11.7m0.53%	0.53%	Reduced -5.7k	-5,684 -21.4%
10	BROADCOM INC COM AVGO	AVGO	25,924	$9.8m0.44%	0.44%	New
11	SYNOPSYS INC COM SNPS	SNPS	19,630	$8.8m0.40%	0.40%	Added +11.7k	+11,746 149.0%
12	CF INDS HLDGS INC COM CF	CF	78,572	$8.5m0.38%	0.38%	Reduced -106.9k	-106,853 -57.6%
13	ADOBE INC COM ADBE	ADBE	40,076	$8.2m0.37%	0.37%	Reduced -40.8k	-40,752 -50.4%
14	LOCKHEED MARTIN CORP COM LMT	LMT	15,545	$7.9m0.36%	0.36%	Added +2.1k	+2,082 15.5%
15	EXXON MOBIL CORP COM XOM	XOM	56,815	$7.8m0.35%	0.35%	New
16	AUTODESK INC COM ADSK	ADSK	38,009	$7.4m0.33%	0.33%	Added +37.8k	+37,768 15671.4%
17	ALCOA CORP COM AA	AA	132,532	$6.9m0.31%	0.31%	Added +64.0k	+63,961 93.3%
18	NUTRIEN LTD COM NTR	NTR	109,644	$6.9m0.31%	0.31%	Reduced -10.2k	-10,159 -8.5%
19	SALESFORCE INC COM CRM	CRM	42,302	$6.6m0.30%	0.30%	Reduced -31.1k	-31,132 -42.4%
20	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	15,768	$6.3m0.28%	0.28%	Added +12.1k	+12,069 326.3%
21	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	36,123	$6.2m0.28%	0.28%	New
22	WALMART INC COM WMT	WMT	54,135	$6.1m0.28%	0.28%	Reduced -1.3k	-1,317 -2.4%
23	COSTCO WHSL CORP NEW COM COST	COST	6,263	$5.9m0.26%	0.26%	Added +5.3k	+5,317 562.0%
24	ISHARES TR US HOME CONS ETF ITB	ITB	52,346	$5.5m0.25%	0.25%	Added +646	+646 1.2%
25	CME GROUP INC COM CME	CME	24,065	$5.3m0.24%	0.24%	Reduced -5.8k	-5,844 -19.5%
26	WORKDAY INC CL A WDAY	WDAY	41,870	$5.1m0.23%	0.23%	Added +31.0k	+30,954 283.6%
27	MARATHON PETE CORP COM MPC	MPC	19,705	$5.0m0.23%	0.23%	Reduced -20.6k	-20,595 -51.1%
28	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	92,791	$4.9m0.22%	0.22%	New
29	PBF ENERGY INC CL A PBF	PBF	105,085	$4.8m0.22%	0.22%	Reduced -4.9k	-4,915 -4.5%
30	HALLIBURTON CO COM HAL	HAL	136,791	$4.6m0.21%	0.21%	New
31	MOODYS CORP COM MCO	MCO	10,125	$4.6m0.21%	0.21%	Added +6.1k	+6,125 153.1%
32	DIAMONDBACK ENERGY INC COM FANG	FANG	24,980	$4.4m0.20%	0.20%	New
33	SELECT SECTOR SPDR TR ENERGY XLE	XLE	76,132	$4.0m0.18%	0.18%	New
34	HUBSPOT INC COM HUBS	HUBS	22,062	$4.0m0.18%	0.18%	Added +10.7k	+10,701 94.2%
35	DOW INC COM DOW	DOW	143,350	$3.9m0.18%	0.18%	New
36	EOG RES INC COM EOG	EOG	28,219	$3.7m0.17%	0.17%	New
37	CLOUDFLARE INC CL A COM NET	NET	14,768	$3.6m0.16%	0.16%	Added +10.8k	+10,828 274.8%
38	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	18,450	$3.5m0.16%	0.16%	Added +119	+119 0.7%
39	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	8,912	$3.3m0.15%	0.15%	Reduced -2.5k	-2,509 -22.0%
40	SUNCOR ENERGY INC NEW COM SU	SU	62,288	$3.3m0.15%	0.15%	New
41	CHENIERE ENERGY INC COM NEW LNG	LNG	13,817	$3.3m0.15%	0.15%	New
42	SAP SE SPON ADR SAP	SAP	21,307	$3.3m0.15%	0.15%	Reduced -36.5k	-36,497 -63.1%
43	SERVICENOW INC COM NOW	NOW	32,341	$3.2m0.15%	0.15%	Reduced -37.7k	-37,744 -53.9%
44	VALERO ENERGY CORP COM VLO	VLO	12,064	$3.1m0.14%	0.14%	Reduced -2.5k	-2,476 -17.0%
45	RIO TINTO PLC SPONSORED ADR RIO	RIO	30,374	$2.9m0.13%	0.13%	Reduced -9.6k	-9,626 -24.1%
46	HERSHEY CO COM HSY	HSY	14,984	$2.6m0.12%	0.12%	Reduced -4.4k	-4,360 -22.5%
47	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	50,674	$2.5m0.11%	0.11%	Added +626	+626 1.2%
48	BAKER HUGHES COMPANY CL A BKR	BKR	45,099	$2.5m0.11%	0.11%	New
49	CHEVRON CORP NEW COM CVX	CVX	14,145	$2.3m0.11%	0.11%	New
50	ZETA GLOBAL HOLDINGS CORP CL A ZETA	ZETA	117,176	$2.3m0.10%	0.10%	Added +103.5k	+103,504 757.0%
51	ATLASSIAN CORPORATION CL A TEAM	TEAM	29,588	$2.3m0.10%	0.10%	Reduced -54.7k	-54,748 -64.9%
52	OCCIDENTAL PETE CORP COM OXY	OXY	44,801	$2.2m0.10%	0.10%	New
53	TJX COS INC NEW COM TJX	TJX	14,129	$2.1m0.10%	0.10%	New
54	EQT CORP COM EQT	EQT	40,209	$2.1m0.10%	0.10%	Added +38.4k	+38,390 2110.5%
55	ECHOSTAR CORP CL A ECHO	ECHO	21,041	$2.1m0.10%	0.10%	Added +18.1k	+18,106 616.9%
56	AT&T INC COM T	T	98,697	$2.0m0.09%	0.09%	New
57	DECKERS OUTDOOR CORP COM DECK	DECK	20,205	$2.0m0.09%	0.09%	Added +18.7k	+18,743 1282.0%
58	ORACLE CORP COM ORCL	ORCL	13,497	$2.0m0.09%	0.09%	New
59	SUMITOMO MITSUI FINL GROUP I SPONSORED ADR SMFG	SMFG	82,753	$2.0m0.09%	0.09%	New
60	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	13,655	$1.9m0.09%	0.09%	Added +13.5k	+13,548 12661.7%
61	KROGER CO COM KR	KR	33,598	$1.9m0.08%	0.08%	Added +14.9k	+14,894 79.6%
62	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	346,628	$1.7m0.08%	0.08%	New
63	NETFLIX INC COM NFLX	NFLX	21,986	$1.6m0.07%	0.07%	Reduced -2.2k	-2,164 -9.0%
64	DATADOG INC CL A COM DDOG	DDOG	5,730	$1.5m0.07%	0.07%	New
65	ROSS STORES INC COM ROST	ROST	6,648	$1.4m0.06%	0.06%	New
66	CAVA GROUP INC COM CAVA	CAVA	17,031	$1.3m0.06%	0.06%	New
67	ELEVANCE HEALTH INC COM ELV	ELV	3,439	$1.3m0.06%	0.06%	New
68	ARES MANAGEMENT CORPORATION CL A COM STK ARES	ARES	11,418	$1.3m0.06%	0.06%	New
69	SHAKE SHACK INC CL A SHAK	SHAK	20,954	$1.2m0.05%	0.05%	Added +20.3k	+20,267 2950.1%
70	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	4,854	$1.1m0.05%	0.05%	New
71	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	8,588	$1.1m0.05%	0.05%	New
72	PEPSICO INC COM PEP	PEP	7,708	$1.0m0.05%	0.05%	New
73	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	13,139	$991.3k0.04%	0.04%	Added +9.1k	+9,139 228.5%
74	ALBEMARLE CORP COM ALB	ALB	7,185	$970.2k0.04%	0.04%	Added +2.9k	+2,936 69.1%
75	MIZUHO FINANCIAL GROUP INC SPONSORED ADR MFG	MFG	101,250	$970.0k0.04%	0.04%	New
76	PHILLIPS 66 COM PSX	PSX	5,642	$953.8k0.04%	0.04%	New
77	BANCO MACRO SA SPON ADR B BMA	BMA	10,226	$946.8k0.04%	0.04%	Added +126	+126 1.2%
78	APPLIED DIGITAL CORP COM NEW APLD	APLD	23,943	$893.1k0.04%	0.04%	Reduced -22.1k	-22,141 -48.0%
79	QUALCOMM INC COM QCOM	QCOM	4,776	$882.6k0.04%	0.04%	New
80	AMERICAN EXPRESS CO COM AXP	AXP	2,501	$846.0k0.04%	0.04%	Reduced -18.8k	-18,794 -88.3%
81	DEVON ENERGY CORP NEW COM DVN	DVN	20,325	$839.8k0.04%	0.04%	New
82	PRICE T ROWE GROUP INC COM TROW	TROW	7,376	$838.6k0.04%	0.04%	Added +4.0k	+4,039 121.0%
83	UNITED RENTALS INC COM URI	URI	738	$836.1k0.04%	0.04%	New
84	UIPATH INC CL A PATH	PATH	74,463	$809.4k0.04%	0.04%	Added +48.2k	+48,156 183.1%
85	ULTA BEAUTY INC COM ULTA	ULTA	1,751	$789.7k0.04%	0.04%	Reduced -20.9k	-20,891 -92.3%
86	CAMECO CORP COM CCJ	CCJ	7,683	$782.6k0.04%	0.04%	Added +7.1k	+7,064 1141.2%
87	OSCAR HEALTH INC CL A OSCR	OSCR	26,856	$765.9k0.03%	0.03%	New
88	OKTA INC CL A OKTA	OKTA	5,510	$751.8k0.03%	0.03%	New
89	NEXTERA ENERGY INC COM NEE	NEE	8,438	$740.6k0.03%	0.03%	New
90	KINDER MORGAN INC DEL COM KMI	KMI	22,379	$715.5k0.03%	0.03%	Added +5.5k	+5,455 32.2%
91	VERIZON COMMUNICATIONS INC COM VZ	VZ	16,647	$704.8k0.03%	0.03%	New
92	CENTURY ALUM CO COM CENX	CENX	15,187	$698.8k0.03%	0.03%	Reduced -4.8k	-4,813 -24.1%
93	GILEAD SCIENCES INC COM GILD	GILD	5,436	$686.8k0.03%	0.03%	Reduced -39.7k	-39,672 -88.0%
94	DUPONT DE NEMOURS INC COMMON STOCK DD	DD	5,009	$679.4k0.03%	0.03%	New
95	MEDTRONIC PLC SHS MDT	MDT	8,111	$634.5k0.03%	0.03%	Reduced -27.7k	-27,747 -77.4%
96	SNOWFLAKE INC CL A SNOW	SNOW	2,445	$622.3k0.03%	0.03%	New
97	BANK AMERICA CORP COM BAC	BAC	10,897	$620.9k0.03%	0.03%	Reduced -54.5k	-54,480 -83.3%
98	CITIGROUP INC COM NEW C	C	4,435	$620.7k0.03%	0.03%	Reduced -8.2k	-8,202 -64.9%
99	TRIP COM GROUP LTD ADS TCOM	TCOM	14,550	$579.7k0.03%	0.03%	New
100	MORGAN STANLEY COM NEW MS	MS	2,726	$569.8k0.03%	0.03%	Reduced -15.4k	-15,420 -85.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ALPHABET INC GOOGL	GOOGL	54,614	$15.7m54.6k shares
AMAZON COM INC AMZN	AMZN	71,257	$14.8m71.3k shares
UNITED PARCEL SERVICE INC UPS	UPS	146,206	$14.4m146.2k shares
TEXAS INSTRS INC TXN	TXN	67,086	$13.0m67.1k shares
APPLE INC AAPL	AAPL	50,363	$12.8m50.4k shares
MICROCHIP TECHNOLOGY INC. MCHP	MCHP	173,335	$11.2m173.3k shares
RTX CORPORATION RTX	RTX	57,323	$11.1m57.3k shares
DOLLAR TREE INC DLTR	DLTR	98,895	$10.8m98.9k shares
TESLA INC TSLA	TSLA	27,271	$10.1m27.3k shares
DANAHER CORPORATION DHR	DHR	48,781	$9.2m48.8k shares
ISHARES TR TLT	TLT	100,079	$8.7m100.1k shares
SPINNAKER ETF SERIES EUAD	EUAD	209,079	$8.5m209.1k shares
NVIDIA CORPORATION NVDA	NVDA	39,753	$6.9m39.8k shares
TOLL BROTHERS INC TOL	TOL	47,395	$6.5m47.4k shares
NUCOR CORP NUE	NUE	35,957	$6.1m36.0k shares
ANALOG DEVICES INC ADI	ADI	19,003	$6.0m19.0k shares
MONSTER BEVERAGE CORP NEW MNST	MNST	82,317	$6.0m82.3k shares
LAUDER ESTEE COS INC EL	EL	83,106	$6.0m83.1k shares
SOUTHERN COPPER CORP SCCO	SCCO	32,292	$5.6m32.3k shares
LUMENTUM HLDGS INC LITE	LITE	7,861	$5.5m7.9k shares
AMGEN INC AMGN	AMGN	15,097	$5.3m15.1k shares
STARBUCKS CORP SBUX	SBUX	56,857	$5.1m56.9k shares
STEEL DYNAMICS INC STLD	STLD	27,998	$5.0m28.0k shares
SANDISK CORP SNDK	SNDK	7,598	$4.8m7.6k shares
MARRIOTT INTL INC NEW MAR	MAR	13,995	$4.6m14.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO QQQ TR QQQ · Put	QQQ	Put	1,264,000	$930.8m1.3m shares	Added
INVESCO QQQ TR QQQ · Call	QQQ	Call	1,149,700	$846.6m1.1m shares	New
MICRON TECHNOLOGY INC MU · Call	MU	Call	164,400	$189.8m164.4k shares	Added
MICROSOFT CORP MSFT · Call	MSFT	Call	475,000	$177.2m475.0k shares	Added
SANDISK CORP SNDK · Call	SNDK	Call	51,000	$116.0m51.0k shares	Added
ISHARES TR IWM · Call	IWM	Call	314,900	$94.6m314.9k shares	New
ALPHABET INC GOOGL · Put	GOOGL	Put	246,700	$88.2m246.7k shares	Added
ALPHABET INC GOOG · Call	GOOG	Call	236,300	$83.5m236.3k shares	Added
ALPHABET INC GOOGL · Call	GOOGL	Call	230,300	$82.3m230.3k shares	Added
APPLE INC AAPL · Put	AAPL	Put	283,600	$82.1m283.6k shares	Added
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	107,800	$80.5m107.8k shares	Added
BROADCOM INC AVGO · Call	AVGO	Call	210,400	$79.5m210.4k shares	Added
CISCO SYS INC CSCO · Call	CSCO	Call	660,900	$77.6m660.9k shares	Added
VANECK ETF TRUST OIH · Call	OIH	Call	200,000	$74.4m200.0k shares	New
AMAZON COM INC AMZN · Put	AMZN	Put	310,800	$74.1m310.8k shares	Added
APPLE INC AAPL · Call	AAPL	Call	247,300	$71.6m247.3k shares	Added
AMAZON COM INC AMZN · Call	AMZN	Call	293,900	$70.0m293.9k shares	Added
JOHNSON & JOHNSON JNJ · Put	JNJ	Put	243,300	$61.8m243.3k shares	Reduced
MICRON TECHNOLOGY INC MU · Put	MU	Put	51,900	$59.9m51.9k shares	Reduced
ISHARES INC EWT · Call	EWT	Call	545,000	$59.2m545.0k shares	New
MICROSOFT CORP MSFT · Put	MSFT	Put	152,600	$56.9m152.6k shares	Added
COSTCO WHSL CORP NEW COST · Call	COST	Call	59,700	$55.8m59.7k shares	Added
VANECK ETF TRUST SMH · Put	SMH	Put	84,500	$55.4m84.5k shares	New
ISHARES TR TLT · Put	TLT	Put	621,400	$53.7m621.4k shares	Reduced
NVIDIA CORPORATION NVDA · Call	NVDA	Call	259,900	$52.0m259.9k shares	Added