SIG BROKERAGE, LP

BALA CYNWYD, PA · CIK 1094429 · 13F filing filed 2025-05-14

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.

$343.1m reported value +60.7% vs Q4 2024

147positions

58.5%in top 10

86 new 31 added 24 reduced 73 sold out vs Q4 2024

Options: 222 call positions ($975.6m notional), 157 put positions ($672.0m 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	COINBASE GLOBAL INC COM CL A COIN	COIN	477,400	$82.2m23.96%	23.96%	New
2	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	179,664	$40.9m11.91%	11.91%	Reduced -18.0k	-17,979 -9.1%
3	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	61,076	$34.2m9.96%	9.96%	New
4	UNITEDHEALTH GROUP INC COM UNH	UNH	17,642	$9.2m2.69%	2.69%	Added +12.9k	+12,886 270.9%
5	BANK AMERICA CORP COM BAC	BAC	169,748	$7.1m2.06%	2.06%	Added +164.0k	+164,036 2871.8%
6	ISHARES TR SELECT DIVID ETF DVY	DVY	44,812	$6.0m1.75%	1.75%	New
7	ISHARES SILVER TR ISHARES SLV	SLV	184,491	$5.7m1.67%	1.67%	New
8	S&P GLOBAL INC COM SPGI	SPGI	11,080	$5.6m1.64%	1.64%	New
9	ISHARES TR NATIONAL MUN ETF MUB	MUB	49,669	$5.2m1.53%	1.53%	New
10	KRANESHARES TRUST CSI CHI INTERNET KWEB	KWEB	131,860	$4.6m1.34%	1.34%	New
11	MICROSTRATEGY INC CL A NEW MSTR	MSTR	15,803	$4.6m1.33%	1.33%	New
12	CHUBB LIMITED COM CB	CB	14,504	$4.4m1.28%	1.28%	New
13	ISHARES TR CHINA LG-CAP ETF FXI	FXI	118,973	$4.3m1.24%	1.24%	New
14	ISHARES TR 20 YR TR BD ETF TLT	TLT	44,974	$4.1m1.19%	1.19%	New
15	BOSTON SCIENTIFIC CORP COM BSX	BSX	36,336	$3.7m1.07%	1.07%	New
16	SPDR SER TR S&P OILGAS EXP XOP	XOP	26,888	$3.5m1.03%	1.03%	Added +24.3k	+24,297 937.8%
17	DOORDASH INC CL A DASH	DASH	18,124	$3.3m0.97%	0.97%	New
18	UNITED AIRLS HLDGS INC COM UAL	UAL	47,910	$3.3m0.96%	0.96%	Added +27.1k	+27,059 129.8%
19	MICROSOFT CORP COM MSFT	MSFT	8,576	$3.2m0.94%	0.94%	New
20	UNITED STATES STL CORP NEW COM X	X	75,737	$3.2m0.93%	0.93%	New
21	SCHWAB CHARLES CORP COM SCHW	SCHW	40,734	$3.2m0.93%	0.93%	New
22	T-MOBILE US INC COM TMUS	TMUS	11,659	$3.1m0.91%	0.91%	Reduced -1.9k	-1,906 -14.1%
23	MERCK & CO INC COM MRK	MRK	33,839	$3.0m0.89%	0.89%	New
24	BROADCOM INC COM AVGO	AVGO	18,055	$3.0m0.88%	0.88%	Added +15.0k	+14,960 483.4%
25	VERTIV HOLDINGS CO COM CL A VRT	VRT	41,462	$3.0m0.87%	0.87%	Added +36.9k	+36,864 801.7%
26	BLACKROCK INC COM BLK	BLK	3,040	$2.9m0.84%	0.84%	New
27	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	16,464	$2.9m0.83%	0.83%	Added +10.0k	+10,000 154.7%
28	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	4,146	$2.7m0.80%	0.80%	New
29	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	28,850	$2.5m0.72%	0.72%	Reduced -13.0k	-12,961 -31.0%
30	PFIZER INC COM PFE	PFE	95,682	$2.4m0.71%	0.71%	Added +54.1k	+54,129 130.3%
31	FREEPORT-MCMORAN INC CL B FCX	FCX	60,548	$2.3m0.67%	0.67%	Reduced -45.5k	-45,452 -42.9%
32	ISHARES TR MSCI USA MMENTM MTUM	MTUM	11,213	$2.3m0.66%	0.66%	New
33	COCA COLA CO COM KO	KO	30,886	$2.2m0.64%	0.64%	Added +3.9k	+3,901 14.5%
34	HCA HEALTHCARE INC COM HCA	HCA	6,372	$2.2m0.64%	0.64%	New
35	ZOETIS INC CL A ZTS	ZTS	11,456	$1.9m0.55%	0.55%	Added +3.0k	+3,000 35.5%
36	MONGODB INC CL A MDB	MDB	10,544	$1.8m0.54%	0.54%	Added +9.1k	+9,114 637.3%
37	ELBIT SYS LTD ORD ESLT	ESLT	4,629	$1.8m0.52%	0.52%	Added +2.3k	+2,338 102.0%
38	AMGEN INC COM AMGN	AMGN	5,680	$1.8m0.52%	0.52%	Added +3.5k	+3,469 156.9%
39	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	8,225	$1.7m0.50%	0.50%	Added +3.8k	+3,847 87.9%
40	LAUDER ESTEE COS INC CL A EL	EL	25,781	$1.7m0.50%	0.50%	Added +12.0k	+12,036 87.6%
41	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	24,000	$1.6m0.46%	0.46%	New
42	SPDR GOLD TR GOLD SHS GLD	GLD	5,131	$1.5m0.43%	0.43%	New
43	INTEL CORP COM INTC	INTC	63,699	$1.4m0.42%	0.42%	Added +13.7k	+13,699 27.4%
44	AMAZON COM INC COM AMZN	AMZN	7,100	$1.4m0.39%	0.39%	Added +2.2k	+2,235 45.9%
45	ISHARES TR US TRSPRTION IYT	IYT	21,085	$1.4m0.39%	0.39%	Unchanged
46	INTERACTIVE BROKERS GROUP IN COM CL A IBKR	IBKR	7,876	$1.3m0.38%	0.38%	New
47	SPDR SER TR S&P BIOTECH XBI	XBI	15,560	$1.3m0.37%	0.37%	New
48	MARRIOTT INTL INC NEW CL A MAR	MAR	4,980	$1.2m0.35%	0.35%	Reduced -1.3k	-1,347 -21.3%
49	GOLDMAN SACHS GROUP INC COM GS	GS	2,090	$1.1m0.33%	0.33%	Reduced -148	-148 -6.6%
50	ROSS STORES INC COM ROST	ROST	8,848	$1.1m0.33%	0.33%	New
51	CHENIERE ENERGY INC COM NEW LNG	LNG	4,689	$1.1m0.32%	0.32%	New
52	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	38,605	$1.0m0.30%	0.30%	Reduced -46.0k	-46,000 -54.4%
53	FIFTH THIRD BANCORP COM FITB	FITB	26,095	$1.0m0.30%	0.30%	Added +11.6k	+11,594 80.0%
54	THE CIGNA GROUP COM CI	CI	3,086	$1.0m0.30%	0.30%	Reduced -230	-230 -6.9%
55	COMSTOCK RES INC COM CRK	CRK	47,320	$962.5k0.28%	0.28%	Added +7.3k	+7,302 18.2%
56	SPDR SER TR S&P REGL BKG KRE	KRE	16,772	$953.5k0.28%	0.28%	Unchanged
57	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	11,663	$952.5k0.28%	0.28%	New
58	NU HLDGS LTD ORD SHS CL A NU	NU	92,765	$949.9k0.28%	0.28%	New
59	LAM RESEARCH CORP COM NEW LRCX	LRCX	12,586	$915.0k0.27%	0.27%	New
60	ARK ETF TR GENOMIC REV ETF ARKG	ARKG	43,405	$901.1k0.26%	0.26%	Added +2.9k	+2,900 7.2%
61	CARMAX INC COM KMX	KMX	11,194	$872.2k0.25%	0.25%	New
62	YPF SOCIEDAD ANONIMA SPON ADR CL D YPF	YPF	24,728	$866.5k0.25%	0.25%	Reduced -22.1k	-22,120 -47.2%
63	MARVELL TECHNOLOGY INC COM MRVL	MRVL	13,638	$839.7k0.24%	0.24%	Added +6.5k	+6,466 90.2%
64	SEA LTD SPONSORD ADS SE	SE	6,346	$828.1k0.24%	0.24%	Added +535	+535 9.2%
65	BOOZ ALLEN HAMILTON HLDG COR CL A BAH	BAH	7,831	$819.0k0.24%	0.24%	New
66	CSX CORP COM CSX	CSX	27,340	$804.6k0.23%	0.23%	Reduced -5.6k	-5,612 -17.0%
67	NETFLIX INC COM NFLX	NFLX	829	$773.1k0.23%	0.23%	Reduced -82	-82 -9.0%
68	CHEVRON CORP NEW COM CVX	CVX	4,529	$757.7k0.22%	0.22%	New
69	BARRICK GOLD CORP COM COM		38,823	$754.7k0.22%	0.22%	Unchanged
70	URANIUM ENERGY CORP COM UEC	UEC	145,344	$694.7k0.20%	0.20%	New
71	COSTAR GROUP INC COM CSGP	CSGP	8,735	$692.1k0.20%	0.20%	New
72	CARPENTER TECHNOLOGY CORP COM CRS	CRS	3,756	$680.5k0.20%	0.20%	New
73	BP PLC SPONSORED ADR BP	BP	19,481	$658.3k0.19%	0.19%	New
74	CLEAR SECURE INC COM CL A YOU	YOU	24,800	$642.6k0.19%	0.19%	Reduced -4.8k	-4,821 -16.3%
75	AMENTUM HOLDINGS INC COM AMTM	AMTM	35,052	$637.9k0.19%	0.19%	New
76	ISHARES TR 7-10 YR TRSY BD IEF	IEF	6,622	$631.5k0.18%	0.18%	Unchanged
77	VISTRA CORP COM VST	VST	5,342	$627.4k0.18%	0.18%	Added +842	+842 18.7%
78	BIOGEN INC COM BIIB	BIIB	4,225	$578.1k0.17%	0.17%	Reduced -186	-186 -4.2%
79	UNITED PARCEL SERVICE INC CL B UPS	UPS	5,233	$575.6k0.17%	0.17%	New
80	AON PLC SHS CL A AON	AON	1,385	$552.7k0.16%	0.16%	New
81	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	1,120	$543.0k0.16%	0.16%	Reduced -818	-818 -42.2%
82	SIGNET JEWELERS LIMITED SHS SIG	SIG	9,252	$537.2k0.16%	0.16%	New
83	ADAPTHEALTH CORP COMMON STOCK AHCO	AHCO	47,197	$511.6k0.15%	0.15%	New
84	MERCADOLIBRE INC COM MELI	MELI	258	$503.3k0.15%	0.15%	New
85	D R HORTON INC COM DHI	DHI	3,769	$479.2k0.14%	0.14%	Added +1.3k	+1,282 51.5%
86	WENDYS CO COM WEN	WEN	32,740	$479.0k0.14%	0.14%	New
87	AGNC INVT CORP COM AGNC	AGNC	49,809	$477.2k0.14%	0.14%	New
88	PENN ENTERTAINMENT INC COM PENN	PENN	29,082	$474.3k0.14%	0.14%	New
89	SHAKE SHACK INC CL A SHAK	SHAK	5,278	$465.4k0.14%	0.14%	Added +1.4k	+1,350 34.4%
90	CAMECO CORP COM CCJ	CCJ	11,145	$458.7k0.13%	0.13%	Added +1.2k	+1,187 11.9%
91	WINGSTOP INC COM WING	WING	1,965	$443.3k0.13%	0.13%	Reduced -10.7k	-10,694 -84.5%
92	ANSYS INC COM ANSS	ANSS	1,299	$411.2k0.12%	0.12%	New
93	HERBALIFE LTD COM SHS HLF	HLF	46,028	$397.2k0.12%	0.12%	Added +19.3k	+19,279 72.1%
94	FTAI AVIATION LTD SHS FTAI	FTAI	3,577	$397.2k0.12%	0.12%	New
95	NUCOR CORP COM NUE	NUE	3,247	$390.7k0.11%	0.11%	New
96	EDISON INTL COM EIX	EIX	6,499	$382.9k0.11%	0.11%	New
97	VICTORIAS SECRET AND CO COMMON STOCK VSXY	VSXY	20,548	$381.8k0.11%	0.11%	New
98	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	1,076	$379.4k0.11%	0.11%	Added +165	+165 18.1%
99	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	4,429	$364.5k0.11%	0.11%	New
100	GUARDANT HEALTH INC COM GH	GH	8,504	$362.3k0.11%	0.11%	New

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
SELECT SECTOR SPDR TR XLE	XLE	90,139	$7.7m90.1k shares
DELTA AIR LINES INC DEL DAL	DAL	105,258	$6.4m105.3k shares
NVIDIA CORPORATION NVDA	NVDA	42,298	$5.7m42.3k shares
TAIWAN SEMICONDUCTOR MFG LTD TSM	TSM	26,143	$5.2m26.1k shares
ISHARES TR EEM	EEM	115,165	$4.8m115.2k shares
APPLE INC AAPL	AAPL	18,669	$4.7m18.7k shares
TESLA INC TSLA	TSLA	10,951	$4.4m11.0k shares
NOVO-NORDISK A S NVO	NVO	49,626	$4.3m49.6k shares
ARK ETF TR ARKK	ARKK	52,798	$3.0m52.8k shares
ISHARES TR LQD	LQD	25,783	$2.8m25.8k shares
HUNTSMAN CORP HUN	HUN	133,344	$2.4m133.3k shares
ISHARES TR IWM	IWM	10,848	$2.4m10.8k shares
EATON CORP PLC ETN	ETN	7,107	$2.4m7.1k shares
LULULEMON ATHLETICA INC LULU	LULU	6,146	$2.4m6.1k shares
GE HEALTHCARE TECHNOLOGIES I GEHC	GEHC	25,903	$2.0m25.9k shares
EXPAND ENERGY CORPORATION EXE	EXE	19,964	$2.0m20.0k shares
PLANET FITNESS INC PLNT	PLNT	18,753	$1.9m18.8k shares
KE HLDGS INC BEKE	BEKE	95,937	$1.8m95.9k shares
SUN CMNTYS INC SUI	SUI	13,085	$1.6m13.1k shares
SALESFORCE INC CRM	CRM	4,508	$1.5m4.5k shares
TEXAS ROADHOUSE INC TXRH	TXRH	8,090	$1.5m8.1k shares
LIVE NATION ENTERTAINMENT IN LYV	LYV	11,142	$1.4m11.1k shares
WILLSCOT HLDGS CORP WSC	WSC	40,892	$1.4m40.9k shares
META PLATFORMS INC META	META	2,228	$1.3m2.2k shares
SYNOPSYS INC SNPS	SNPS	2,511	$1.2m2.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	460,500	$257.6m460.5k shares	Reduced
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	416,000	$232.7m416.0k shares	Added
COINBASE GLOBAL INC COIN · Put	COIN	Put	486,300	$83.8m486.3k shares	Added
APOLLO GLOBAL MGMT INC APO · Call	APO	Call	544,900	$74.6m544.9k shares	Added
ISHARES TR HYG · Put	HYG	Put	406,700	$32.1m406.7k shares	Reduced
NVIDIA CORPORATION NVDA · Call	NVDA	Call	272,100	$29.5m272.1k shares	Reduced
BROADCOM INC AVGO · Call	AVGO	Call	146,000	$24.4m146.0k shares	New
ISHARES TR HYG · Call	HYG	Call	275,000	$21.7m275.0k shares	Added
ISHARES TR TLT · Put	TLT	Put	232,000	$21.1m232.0k shares	Added
AMGEN INC AMGN · Call	AMGN	Call	65,000	$20.3m65.0k shares	New
VANECK ETF TRUST SMH · Put	SMH	Put	90,800	$19.2m90.8k shares	New
MICROSOFT CORP MSFT · Call	MSFT	Call	47,000	$17.6m47.0k shares	Added
APPLOVIN CORP APP · Call	APP	Call	59,500	$15.8m59.5k shares	New
APPLE INC AAPL · Call	AAPL	Call	70,000	$15.5m70.0k shares	Added
SALESFORCE INC CRM · Call	CRM	Call	55,700	$14.9m55.7k shares	Added
ISHARES TR TLT · Call	TLT	Call	154,500	$14.1m154.5k shares	Added
PAYPAL HLDGS INC PYPL · Call	PYPL	Call	212,800	$13.9m212.8k shares	New
ALIBABA GROUP HLDG LTD BABA · Call	BABA	Call	104,700	$13.8m104.7k shares	Added
AMERICAN EXPRESS CO AXP · Call	AXP	Call	49,400	$13.3m49.4k shares	Added
KRANESHARES TRUST KWEB · Call	KWEB	Call	379,700	$13.3m379.7k shares	Reduced
NIKE INC NKE · Call	NKE	Call	196,100	$12.4m196.1k shares	Added
UNITED STATES STL CORP NEW X · Call	X	Call	292,000	$12.3m292.0k shares	Added
VISTRA CORP VST · Call	VST	Call	91,700	$10.8m91.7k shares	Added
INVESCO EXCHANGE TRADED FD T RSP · Put	RSP	Put	60,000	$10.4m60.0k shares	Added
GOLDMAN SACHS GROUP INC GS · Call	GS	Call	19,000	$10.4m19.0k shares	Unchanged