QVT Financial LP

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
56
Total value ($000)
$1,166,146
Net value change ($000)
-250,772 (-17.7%)
New positions
16
Sold out positions
9
Turnover %
22.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ROIV 128,054 28.8%
NXST 31,530 NEW
QQQ 26,299 NEW
NVDA 22,267 692.2%
AAPL 20,753 NEW
CVNA 12,661 NEW
KMX 7,317 466.1%
BXSL 6,114 NEW
AVGO 6,085 NEW
ECO 5,857 15.6%
Top Reduces (Value $000, Stocks/ETFs)
TRML -103,057 -100.0%
IONQ -14,713 -100.0%
ARGX -2,014 -31.5%
LILA -1,715 -11.6%
APP -1,677 -71.8%
META -1,451 -100.0%
WBD -1,144 -100.0%
SMMT -1,142 -15.3%
GSBD -1,017 -100.0%
BHVN -633 -24.8%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 113,126 (9.7% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type