TAM Capital Management Inc.

STAMFORD, CT · CIK 1594591 · 13F filing filed 2025-05-16

SEC-registered investment adviser since 2022 · corporation

$59.3m reported value -77.9% vs Q4 2024

2positions

100.0%in top 10

0 new 0 added 2 reduced 4 sold out vs Q4 2024

Options: 1 call positions ($59.9m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q1 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	THE CIGNA GROUP COM CI	CI	90,544	$29.8m50.23%	50.23%	Reduced -375.1k	-375,126 -80.6%
2	JPMORGAN CHASE & CO COM JPM	JPM	120,326	$29.5m49.77%	49.77%	Reduced -17.7k	-17,691 -12.8%

Security	Ticker	Shares held before	Value then
VISA INC		170,800	$54.0m170.8k shares
BANK NEW YORK MELLON CORP BNY	BNY	638,196	$49.0m638.2k shares
STATE STR CORP STT	STT	27,703	$2.7m27.7k shares
MAGNERA CORP MAGN	MAGN	46,739	$849.2k46.7k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
THE CIGNA GROUP CI · Call	CI	Call	182,000	$59.9m182.0k shares	New