SIG BROKERAGE, LP

BALA CYNWYD, PA · CIK 1094429 · 13F filing filed 2025-08-14

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.

$364.3m reported value +6.2% vs Q1 2025

229positions

31.6%in top 10

143 new 34 added 38 reduced 61 sold out vs Q1 2025

Options: 261 call positions ($2.3bn notional), 185 put positions ($1.2bn notional) – listed below, not included above.

Holdings, Q2 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	ARM HOLDINGS PLC SPONSORED ADS ARM	ARM	183,815	$29.7m8.16%	8.16%	New
2	SCHWAB CHARLES CORP COM SCHW	SCHW	199,210	$18.2m4.99%	4.99%	Added +158.5k	+158,476 389.1%
3	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	32,566	$14.5m3.98%	3.98%	Added +31.4k	+31,446 2807.7%
4	ADVANCED MICRO DEVICES INC COM AMD	AMD	76,949	$10.9m3.00%	3.00%	New
5	HOME DEPOT INC COM HD	HD	23,791	$8.7m2.39%	2.39%	New
6	PROGRESSIVE CORP COM PGR	PGR	26,413	$7.0m1.94%	1.94%	New
7	BANK AMERICA CORP COM BAC	BAC	146,530	$6.9m1.90%	1.90%	Reduced -23.2k	-23,218 -13.7%
8	ISHARES TR 20 YR TR BD ETF TLT	TLT	73,695	$6.5m1.79%	1.79%	Added +28.7k	+28,721 63.9%
9	UNITEDHEALTH GROUP INC COM UNH	UNH	20,433	$6.4m1.75%	1.75%	Added +2.8k	+2,791 15.8%
10	S&P GLOBAL INC COM SPGI	SPGI	11,685	$6.2m1.69%	1.69%	Added +605	+605 5.5%
11	GILEAD SCIENCES INC COM GILD	GILD	54,513	$6.0m1.66%	1.66%	New
12	ISHARES TR MSCI INDIA ETF INDA	INDA	103,670	$5.8m1.58%	1.58%	New
13	BOSTON SCIENTIFIC CORP COM BSX	BSX	51,227	$5.5m1.51%	1.51%	Added +14.9k	+14,891 41.0%
14	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	40,195	$5.5m1.50%	1.50%	New
15	ISHARES TR SELECT DIVID ETF DVY	DVY	41,063	$5.5m1.50%	1.50%	Reduced -3.7k	-3,749 -8.4%
16	KRANESHARES TRUST CSI CHI INTERNET KWEB	KWEB	148,285	$5.1m1.40%	1.40%	Added +16.4k	+16,425 12.5%
17	SPDR SER TR S&P BIOTECH XBI	XBI	60,067	$5.0m1.37%	1.37%	Added +44.5k	+44,507 286.0%
18	MARVELL TECHNOLOGY INC COM MRVL	MRVL	64,113	$5.0m1.36%	1.36%	Added +50.5k	+50,475 370.1%
19	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	17,261	$4.8m1.32%	1.32%	New
20	SELECT SECTOR SPDR TR INDL XLI	XLI	32,189	$4.7m1.30%	1.30%	New
21	VISA INC COM CL A V	V	12,652	$4.5m1.23%	1.23%	New
22	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	153,238	$4.4m1.21%	1.21%	Added +143.0k	+142,954 1390.1%
23	CHUBB LIMITED COM CB	CB	13,892	$4.0m1.10%	1.10%	Reduced -612	-612 -4.2%
24	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	75,048	$3.9m1.08%	1.08%	New
25	SNOWFLAKE INC CL A SNOW	SNOW	17,370	$3.9m1.07%	1.07%	New
26	MERCK & CO INC COM MRK	MRK	48,401	$3.8m1.05%	1.05%	Added +14.6k	+14,562 43.0%
27	NETFLIX INC COM NFLX	NFLX	2,686	$3.6m0.99%	0.99%	Added +1.9k	+1,857 224.0%
28	T-MOBILE US INC COM TMUS	TMUS	14,691	$3.5m0.96%	0.96%	Added +3.0k	+3,032 26.0%
29	GE VERNOVA INC COM GEV	GEV	6,413	$3.4m0.93%	0.93%	New
30	AFFIRM HLDGS INC COM CL A AFRM	AFRM	41,664	$2.9m0.79%	0.79%	New
31	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	5,630	$2.9m0.79%	0.79%	Added +4.6k	+4,554 423.2%
32	SEA LTD SPONSORD ADS SE	SE	17,881	$2.9m0.79%	0.79%	Added +11.5k	+11,535 181.8%
33	APPLIED MATLS INC COM AMAT	AMAT	15,138	$2.8m0.76%	0.76%	New
34	COSTCO WHSL CORP NEW COM COST	COST	2,781	$2.8m0.76%	0.76%	New
35	ISHARES TR RUS 1000 VAL ETF IWD	IWD	13,889	$2.7m0.74%	0.74%	New
36	ISHARES TR MSCI USA MMENTM MTUM	MTUM	11,213	$2.7m0.74%	0.74%	Unchanged
37	CORE & MAIN INC CL A CNM	CNM	41,848	$2.5m0.69%	0.69%	New
38	UNITED AIRLS HLDGS INC COM UAL	UAL	31,288	$2.5m0.68%	0.68%	Reduced -16.6k	-16,622 -34.7%
39	ISHARES TR IBOXX INV CP ETF LQD	LQD	20,848	$2.3m0.63%	0.63%	New
40	ISHARES TR CHINA LG-CAP ETF FXI	FXI	60,802	$2.2m0.61%	0.61%	Reduced -58.2k	-58,171 -48.9%
41	MASTERCARD INCORPORATED CL A MA	MA	3,884	$2.2m0.60%	0.60%	New
42	ISHARES SILVER TR ISHARES SLV	SLV	64,541	$2.1m0.58%	0.58%	Reduced -120.0k	-119,950 -65.0%
43	ITT INC COM ITT	ITT	13,262	$2.1m0.57%	0.57%	New
44	CSX CORP COM CSX	CSX	63,638	$2.1m0.57%	0.57%	Added +36.3k	+36,298 132.8%
45	MARRIOTT INTL INC NEW CL A MAR	MAR	7,597	$2.1m0.57%	0.57%	Added +2.6k	+2,617 52.5%
46	DISNEY WALT CO COM DIS	DIS	16,448	$2.0m0.56%	0.56%	New
47	INVESCO EXCH TRADED FD TR II S&P 500 HB ETF SPHB	SPHB	20,000	$2.0m0.54%	0.54%	New
48	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	21,850	$1.9m0.53%	0.53%	Reduced -7.0k	-7,000 -24.3%
49	BOOZ ALLEN HAMILTON HLDG COR CL A BAH	BAH	18,018	$1.9m0.52%	0.52%	Added +10.2k	+10,187 130.1%
50	CARVANA CO CL A CVNA	CVNA	5,552	$1.9m0.51%	0.51%	New
51	NEWMARKET CORP COM NEU	NEU	2,705	$1.9m0.51%	0.51%	New
52	VERTIV HOLDINGS CO COM CL A VRT	VRT	14,382	$1.8m0.51%	0.51%	Reduced -27.1k	-27,080 -65.3%
53	LAM RESEARCH CORP COM NEW LRCX	LRCX	18,722	$1.8m0.50%	0.50%	Added +6.1k	+6,136 48.8%
54	CONSTELLATION ENERGY CORP COM CEG	CEG	5,559	$1.8m0.49%	0.49%	New
55	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	25,180	$1.8m0.49%	0.49%	New
56	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	16,675	$1.7m0.48%	0.48%	New
57	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	24,000	$1.7m0.48%	0.48%	Unchanged
58	NATIONAL VISION HLDGS INC COM EYE	EYE	74,448	$1.7m0.47%	0.47%	Added +57.7k	+57,700 344.5%
59	PALO ALTO NETWORKS INC COM PANW	PANW	7,891	$1.6m0.44%	0.44%	New
60	AMGEN INC COM AMGN	AMGN	5,719	$1.6m0.44%	0.44%	Added +39	+39 0.7%
61	ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR		22,572	$1.6m0.43%	0.43%	New
62	BROADCOM INC COM AVGO	AVGO	5,702	$1.6m0.43%	0.43%	Reduced -12.4k	-12,353 -68.4%
63	DOORDASH INC CL A DASH	DASH	6,299	$1.6m0.43%	0.43%	Reduced -11.8k	-11,825 -65.2%
64	FREEPORT-MCMORAN INC CL B FCX	FCX	35,323	$1.5m0.42%	0.42%	Reduced -25.2k	-25,225 -41.7%
65	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	88,916	$1.5m0.42%	0.42%	New
66	BLOCK INC CL A XYZ	XYZ	21,493	$1.5m0.40%	0.40%	New
67	COCA COLA CO COM KO	KO	20,483	$1.4m0.40%	0.40%	Reduced -10.4k	-10,403 -33.7%
68	ISHARES TR US TRSPRTION IYT	IYT	21,085	$1.4m0.40%	0.40%	Unchanged
69	CARPENTER TECHNOLOGY CORP COM CRS	CRS	5,224	$1.4m0.40%	0.40%	Added +1.5k	+1,468 39.1%
70	THE TRADE DESK INC COM CL A TTD	TTD	19,876	$1.4m0.39%	0.39%	New
71	NU HLDGS LTD ORD SHS CL A NU	NU	103,890	$1.4m0.39%	0.39%	Added +11.1k	+11,125 12.0%
72	DELTA AIR LINES INC DEL COM NEW DAL	DAL	28,331	$1.4m0.38%	0.38%	New
73	ORACLE CORP COM ORCL	ORCL	6,333	$1.4m0.38%	0.38%	New
74	JUNIPER NETWORKS INC COM JNPR	JNPR	34,450	$1.4m0.38%	0.38%	New
75	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	10,000	$1.3m0.37%	0.37%	New
76	SPDR INDEX SHS FDS EURO STOXX 50 FEZ	FEZ	22,500	$1.3m0.37%	0.37%	New
77	GLOBAL PMTS INC COM GPN	GPN	16,323	$1.3m0.36%	0.36%	New
78	INVESCO EXCH TRADED FD TR II SR LN ETF BKLN	BKLN	60,000	$1.3m0.34%	0.34%	New
79	ALPS ETF TR ALERIAN MLP AMLP	AMLP	25,000	$1.2m0.34%	0.34%	New
80	ROCKET COS INC COM CL A RKT	RKT	84,075	$1.2m0.33%	0.33%	New
81	AVIS BUDGET GROUP COM CAR	CAR	7,044	$1.2m0.33%	0.33%	Added +3.3k	+3,344 90.4%
82	WINGSTOP INC COM WING	WING	3,526	$1.2m0.33%	0.33%	Added +1.6k	+1,561 79.4%
83	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	2,174	$1.2m0.32%	0.32%	New
84	NOVO-NORDISK A S ADR NVO	NVO	17,038	$1.2m0.32%	0.32%	New
85	SPHERE ENTERTAINMENT CO CL A SPHR	SPHR	28,000	$1.2m0.32%	0.32%	New
86	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	20,500	$1.2m0.32%	0.32%	New
87	ZOETIS INC CL A ZTS	ZTS	7,380	$1.2m0.32%	0.32%	Reduced -4.1k	-4,076 -35.6%
88	VIATRIS INC COM VTRS	VTRS	124,392	$1.1m0.30%	0.30%	New
89	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	20,652	$1.1m0.30%	0.30%	New
90	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	38,605	$1.1m0.29%	0.29%	Unchanged
91	ARK ETF TR GENOMIC REV ETF ARKG	ARKG	43,405	$1.1m0.29%	0.29%	Unchanged
92	INTEL CORP COM INTC	INTC	45,504	$1.0m0.28%	0.28%	Reduced -18.2k	-18,195 -28.6%
93	ILLUMINA INC COM ILMN	ILMN	10,636	$1.0m0.28%	0.28%	New
94	ALCOA CORP COM AA	AA	33,823	$998.1k0.27%	0.27%	New
95	SPDR SER TR S&P REGL BKG KRE	KRE	16,772	$996.1k0.27%	0.27%	Unchanged
96	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,509	$981.5k0.27%	0.27%	New
97	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	8,557	$970.4k0.27%	0.27%	New
98	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	19,549	$958.1k0.26%	0.26%	New
99	NEXTERA ENERGY INC COM NEE	NEE	13,714	$952.0k0.26%	0.26%	New
100	RESMED INC COM RMD	RMD	3,680	$949.4k0.26%	0.26%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
COINBASE GLOBAL INC COIN	COIN	477,400	$82.2m477.4k shares
HILTON WORLDWIDE HLDGS INC HLT	HLT	179,664	$40.9m179.7k shares
SPDR S&P 500 ETF TR SPY	SPY	61,076	$34.2m61.1k shares
ISHARES TR MUB	MUB	49,669	$5.2m49.7k shares
MICROSTRATEGY INC MSTR	MSTR	15,803	$4.6m15.8k shares
SPDR SER TR XOP	XOP	26,888	$3.5m26.9k shares
MICROSOFT CORP MSFT	MSFT	8,576	$3.2m8.6k shares
UNITED STATES STL CORP NEW X	X	75,737	$3.2m75.7k shares
BLACKROCK INC BLK	BLK	3,040	$2.9m3.0k shares
INVESCO EXCHANGE TRADED FD T RSP	RSP	16,464	$2.9m16.5k shares
ASML HOLDING N V ASML	ASML	4,146	$2.7m4.1k shares
HCA HEALTHCARE INC HCA	HCA	6,372	$2.2m6.4k shares
MONGODB INC MDB	MDB	10,544	$1.8m10.5k shares
ELBIT SYS LTD ESLT	ESLT	4,629	$1.8m4.6k shares
SPDR GOLD TR GLD	GLD	5,131	$1.5m5.1k shares
INTERACTIVE BROKERS GROUP IN IBKR	IBKR	31,504	$1.3m31.5k shares
GOLDMAN SACHS GROUP INC GS	GS	2,090	$1.1m2.1k shares
FIFTH THIRD BANCORP FITB	FITB	26,095	$1.0m26.1k shares
COMSTOCK RES INC CRK	CRK	47,320	$962.5k47.3k shares
SELECT SECTOR SPDR TR XLP	XLP	11,663	$952.5k11.7k shares
CARMAX INC KMX	KMX	11,194	$872.2k11.2k shares
CHEVRON CORP NEW CVX	CVX	4,529	$757.7k4.5k shares
BARRICK GOLD CORP		38,823	$754.7k38.8k shares
COSTAR GROUP INC CSGP	CSGP	8,735	$692.1k8.7k shares
BP PLC BP	BP	19,481	$658.3k19.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR GOLD TR GLD · Call	GLD	Call	1,564,200	$476.8m1.6m shares	Added
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	548,600	$339.0m548.6k shares	Added
NVIDIA CORPORATION NVDA · Call	NVDA	Call	1,599,600	$252.7m1.6m shares	Added
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	311,000	$192.2m311.0k shares	Reduced
ISHARES TR HYG · Put	HYG	Put	1,596,800	$128.8m1.6m shares	Added
ORACLE CORP ORCL · Call	ORCL	Call	453,300	$99.1m453.3k shares	Added
META PLATFORMS INC META · Call	META	Call	109,900	$81.1m109.9k shares	Added
APOLLO GLOBAL MGMT INC APO · Call	APO	Call	542,900	$77.0m542.9k shares	Reduced
SELECT SECTOR SPDR TR XLB · Put	XLB	Put	707,300	$62.1m707.3k shares	New
VERTIV HOLDINGS CO VRT · Call	VRT	Call	466,800	$59.9m466.8k shares	Added
MICROSOFT CORP MSFT · Call	MSFT	Call	100,100	$49.8m100.1k shares	Added
SELECT SECTOR SPDR TR XLB · Call	XLB	Call	550,000	$48.3m550.0k shares	New
SALESFORCE INC CRM · Call	CRM	Call	176,900	$48.2m176.9k shares	Added
ARM HOLDINGS PLC ARM · Call	ARM	Call	275,600	$44.6m275.6k shares	New
COINBASE GLOBAL INC COIN · Call	COIN	Call	113,700	$39.9m113.7k shares	Added
TESLA INC TSLA · Put	TSLA	Put	122,000	$38.8m122.0k shares	Added
VERTIV HOLDINGS CO VRT · Put	VRT	Put	287,800	$37.0m287.8k shares	Added
ISHARES INC EWZ · Call	EWZ	Call	1,278,000	$36.9m1.3m shares	Added
ISHARES TR IEF · Call	IEF	Call	312,500	$29.9m312.5k shares	New
ISHARES TR EFA · Put	EFA	Put	306,900	$27.4m306.9k shares	Added
PAYPAL HLDGS INC PYPL · Call	PYPL	Call	352,300	$26.2m352.3k shares	Added
VANECK ETF TRUST SMH · Put	SMH	Put	87,500	$24.4m87.5k shares	Reduced
FIRST SOLAR INC FSLR · Call	FSLR	Call	146,500	$24.3m146.5k shares	New
STARBUCKS CORP SBUX · Call	SBUX	Call	262,100	$24.0m262.1k shares	Added
APPLE INC AAPL · Call	AAPL	Call	113,300	$23.2m113.3k shares	Added