WOLVERINE ASSET MANAGEMENT LLC

CIK

1279891

Location

CHICAGO, IL

Portfolio Value

Mid $7,720,738,698

Diversification

Diversified

Filing Date

Global Rank

#498 / 7,976 ▲ 79

Top Industry

Auto Manufacturers 12.9%

3Y Alpha vs SPY

-2.7%

Period ended 9 months ago

Filed Oct 28, 2025 · 8mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+64.7%

SPY

+76.3%

Annualised alpha

-2.7%

Max drawdown

−20.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

769 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

6.3%

−3.7 pts

Top 5

20.6%

−0.2 pts

Top 10

31.7%

+0.8 pts

HHI

167

Diversified−22

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Technology	29.1%	$2,248,017,287	102
Financial Services	22.5%	$1,735,920,163	231
Consumer Cyclical	21.5%	$1,660,593,434	65
Industrials	7.5%	$578,111,428	73
Communication Services	5.3%	$411,160,529	34
Healthcare	4.3%	$331,973,174	81
Energy	2.4%	$182,589,936	39
Basic Materials	2.3%	$179,089,319	36
Real Estate	2.0%	$157,390,657	58
Consumer Defensive	1.2%	$93,191,421	25
Unclassified	1.2%	$91,099,900	11
Utilities	0.7%	$51,601,450	14

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
INTC	Intel Corp	+1,658,867	2,959,000	$99,274,450
JBLU	Jetblue Airways Corp	+1,410,400	2,824,500	$13,896,540
BAC	Bank Of America Corp /De/	+1,019,000	1,573,000	$81,151,070
IREN	IREN Ltd	+845,600	5,270,600	$247,349,258
BDN	Brandywine Realty Trust	+773,270	1,837,528	$7,662,491
HTZ	Hertz Global Holdings, Inc	+747,022	1,113,919	$7,574,649
ARR	Armour Residential REIT, Inc.	+722,160	848,724	$12,679,936
ASTS	AST SpaceMobile, Inc.	+720,323	2,204,301	$108,187,093
ARRY	Array Technologies, Inc.	+704,300	726,300	$5,919,345
CIFR	Cipher Digital Inc.	+703,700	1,694,500	$21,333,755
ESRT	Empire State Realty Trust, Inc.	+659,543	1,561,474	$11,960,890
MFA	Mfa Financial, Inc.	+552,517	1,513,503	$13,909,092
MACI	Melar Acquisition Corp. I/Cayman	+536,276	926,328	$9,726,444
RIVN	Rivian Automotive, Inc. / DE	+531,700	14,021,500	$205,835,620
BTX	BlackRock Technology & Private Equity Term Trust	+516,002	528,036	$3,537,841
GME	GameStop Corp.	+510,852	2,117,652	$57,769,546
USA	Liberty All Star Equity Fund	+492,854	683,152	$4,331,183
RIOT	Riot Platforms, Inc.	+486,000	2,446,900	$46,564,507
ENPH	Enphase Energy, Inc.	+478,069	710,370	$25,139,994
DRDB	Roman DBDR Acquisition Corp. II	+477,002	588,302	$6,070,688
GPAT	GP-Act III Acquisition Corp.	+453,866	954,866	$10,121,579
ATII	Archimedes Tech SPAC Partners II Co.	+441,185	456,326	$4,659,088
HYAC	Haymaker Acquisition Corp. 4	+440,383	1,442,432	$16,357,178
ELME	Elme Communities	+433,548	574,937	$9,693,437
LAZRQ	Luminar Technologies, Inc./DE	+421,300	2,976,700	$5,685,497
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SNAP	Snap Inc	−4,425,817	947,233	$7,303,166
VCIC	Vine Hill Capital Investment Corp.	−1,241,543	136,266	$1,459,408
NIO	NIO Inc.	−811,591	21,562,300	$164,304,726
XRPN	Armada Acquisition Corp. II	−800,780	159,039	$1,659,412
IBIT	iShares Bitcoin Trust ETF	−609,104	553,690	$35,989,850
IBAC	IB Acquisition Corp.	−606,796	100,000	$1,052,000
TWO	Two Harbors Investment Corp.	−508,100	235,928	$2,328,609
FSHP	Flag Ship Acquisition Corp	−346,697	147,420	$1,570,023
DYNC	Dynamix Corp	−329,486	13,613	$141,711
KVAC	Keen Vision Acquisition Corp.	−316,775	297,589	$3,425,249
ORC	Orchid Island Capital, Inc.	−296,815	253,686	$1,778,338
PFE	Pfizer Inc	−293,336	242,600	$6,181,448
LDI	loanDepot, Inc.	−290,865	887,784	$2,725,496
ETHA	iShares Ethereum Trust ETF	−286,600	614,234	$19,354,513
TVA	Texas Ventures Acquisition III Corp	−252,643	241,315	$2,584,483
VISN	Vistance Networks, Inc.	−251,991	211,506	$3,274,112
CMCSA	Comcast Corp	−250,556	33,701	$992,392
CSCO	Cisco Systems, Inc.	−247,000	227,800	$15,586,076
APLE	Apple Hospitality REIT, Inc.	−237,091	212,607	$2,553,410
CIM	Chimera Investment Corp	−234,897	526,925	$6,965,948
RLJ	RLJ Lodging Trust	−214,606	299,649	$2,157,472
CHW	Calamos Global Dynamic Income Fund	−201,871	200,595	$1,512,486
ZTR	Virtus Total Return Fund Inc.	−201,808	261,154	$1,684,443
AG	First Majestic Silver Corp	−187,987	4,639,428	$57,018,570
JRS	Nuveen Real Estate Income Fund	−182,180	138,810	$1,135,465
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
LCID	Lucid Group, Inc.	20,300,700	$482,953,653
TEM	Tempus AI, Inc.	210,200	$16,965,242
RKT	Rocket Companies, Inc.	746,400	$14,465,232
EVAC	EQV Ventures Acquisition Corp. II	856,869	$8,525,846
BCAR	D. Boral ARC Acquisition I Corp.	850,000	$8,440,500
PRGS	Progress Software Corp /Ma	177,800	$7,810,754
WW	Ww International, Inc.	273,295	$7,477,351
NMP	NMP Acquisition Corp.	752,862	$7,475,919
LYV	Live Nation Entertainment, Inc.	39,780	$6,500,052
SOCA	Solarius Capital Acquisition Corp.	585,106	$5,827,655
HST	Host Hotels & Resorts, Inc.	339,252	$5,774,069
ENHA	Enhanced Group Inc.	581,000	$5,750,738
MRP	Millrose Properties, Inc.	166,441	$5,594,082
LUNR	Intuitive Machines, Inc.	452,400	$4,759,248
GRPN	Groupon, Inc.	190,800	$4,455,180
WTG	Wintergreen Acquisition Corp.	436,398	$4,390,163
ORIQ	Origin Investment Corp I	436,403	$4,385,850
KRG	Kite Realty Group Trust	196,035	$4,371,580
HCMA	Hcm III Acquisition Corp.	408,826	$4,131,186
JD	JD.com, Inc.	106,400	$3,721,872
KCHV	Kochav Defense Acquisition Corp.	369,517	$3,706,255
INAC	Indigo Acquisition Corp.	369,675	$3,685,659
ALNY	Alnylam Pharmaceuticals, Inc.	7,800	$3,556,800
DNN	Denison Mines Corp.	1,187,900	$3,266,725
DRH	DiamondRock Hospitality Co	404,078	$3,216,460
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
SPKL	Spark I Acquisition Corp	902,388	$9,836,029
PLD	Prologis, Inc.	57,324	$6,025,898
AMT	American Tower Corp /Ma/	25,400	$5,613,908
WLAC	Willow Lane Acquisition Corp.	530,874	$5,430,841
UPS	United Parcel Service Inc	38,811	$3,917,582
NML	Neuberger Energy Infrastructure & Income Fund Inc.	414,695	$3,732,255
BKNG	Booking Holdings Inc.	500	$2,894,620
NBXG	Neuberger Next Generation Connectivity Fund Inc.	178,622	$2,607,881
SON	Sonoco Products Co	48,000	$2,090,880
EMF	Templeton Emerging Markets Fund	131,018	$1,911,552
MMM	3M Co	12,500	$1,903,000
KIM	Kimco Realty Corp	80,677	$1,695,830
EMR	Emerson Electric Co	12,500	$1,666,625
DOV	DOVER Corp	8,000	$1,465,840
ULS	UL Solutions Inc.	19,000	$1,384,340
CEF	Sprott Physical Gold & Silver Trust	42,826	$1,289,062
PTON	Peloton Interactive, Inc.	183,603	$1,274,204
WB	WEIBO Corp	127,140	$1,211,644
DOCN	DigitalOcean Holdings, Inc.	41,604	$1,188,210
GPK	Graphic Packaging Holding Co	50,000	$1,053,500
MHD	Blackrock Muniholdings Fund, Inc.	90,522	$1,013,846
HQH	abrdn Healthcare Investors	63,862	$989,222
NFJ	Virtus Dividend, Interest & Premium Strategy Fund	79,075	$980,530
JBGS	JBG SMITH Properties	55,764	$964,717
MUA	Blackrock Muniassets Fund, Inc.	87,183	$906,703
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

769 positions · $7,720,738,698 total · as of Sep 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 769 positions by value · page 1 of 16

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LCID	Lucid Group, Inc. Consumer Cyclical	NEW	20,300,700	NEW	$482,953,653	NEW	6.26%
MSTR	Strategy Inc Technology	Reduced	1,340,000	-86,800	$431,761,400	−25.1%	5.59%
IREN	IREN Ltd Financial Services	Added	5,270,600	+845,600	$247,349,258	+283.7%	3.20%
NVDA	Nvidia Corp Technology	Added	1,155,500	+283,200	$215,593,190	+56.4%	2.79%
AAPL	Apple Inc. Technology	Added	826,800	+172,439	$210,528,084	+56.8%	2.73%
RIVN	Rivian Automotive, Inc. / DE Consumer Cyclical	Added	14,021,500	+531,700	$205,835,620	+11.1%	2.67%
COIN	Coinbase Global, Inc. Financial Services	Added	506,800	+23,100	$171,039,932	+0.9%	2.22%
RKLB	Rocket Lab Corp Industrials	Held	3,562,800	0	$170,693,748	+33.9%	2.21%
NIO	NIO Inc. Consumer Cyclical	Reduced	21,562,300	-811,591	$164,304,726	+114.1%	2.13%
META	Meta Platforms, Inc. Communication Services	Added	204,868	+94,568	$150,450,961	+84.8%	1.95%
MARA	MARA Holdings, Inc. Financial Services	Added	8,175,900	+97,300	$149,291,934	+17.9%	1.93%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	295,800	-12,415	$131,548,176	+34.4%	1.70%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	724,955	+262,255	$129,571,207	+146.9%	1.68%
AVGO	Broadcom Inc. Technology	Reduced	358,700	-104,900	$118,338,717	−7.4%	1.53%
W	Wayfair Inc. Consumer Cyclical	Added	1,292,830	+93,857	$115,488,503	+88.4%	1.50%
V	Visa Inc. Financial Services	Added	323,900	+288,100	$110,572,982	+769.9%	1.43%
AMZN	Amazon Com Inc Consumer Cyclical	Added	501,100	+24,000	$110,026,527	+5.1%	1.43%
ASTS	AST SpaceMobile, Inc. Technology	Added	2,204,301	+720,323	$108,187,093	+56.0%	1.40%
MSFT	Microsoft Corp Technology	Added	203,000	+18,800	$105,143,850	+14.8%	1.36%
BE	Bloom Energy Corp Industrials	Reduced	1,240,400	-158,300	$104,900,628	+213.5%	1.36%
INTC	Intel Corp Technology	Added	2,959,000	+1,658,867	$99,274,450	+240.9%	1.29%
AMD	Advanced Micro Devices Inc Technology	Reduced	570,900	-46,500	$92,365,911	+5.4%	1.20%
GOOGL	Alphabet Inc. Communication Services	Reduced	348,900	-17,764	$84,817,590	+31.3%	1.10%
CLSK	Cleanspark, Inc. Financial Services	Added	5,638,652	+49,249	$81,760,454	+32.6%	1.06%
BAC	Bank Of America Corp /De/ Financial Services	Added	1,573,000	+1,019,000	$81,151,070	+209.6%	1.05%
FUBO	FuboTV Inc. Communication Services	Reduced	1,509,400	-94,735	$75,168,120	+1.2%	0.97%
SMCI	Super Micro Computer, Inc. Technology	Reduced	1,452,300	-23,700	$69,623,262	−3.8%	0.90%
ORCL	Oracle Corp Technology	Reduced	222,600	-18,900	$62,604,024	+18.6%	0.81%
BA	Boeing Co Industrials	Added	277,400	+156,200	$59,871,242	+135.8%	0.78%
GME	GameStop Corp. Consumer Cyclical	Added	2,117,652	+510,852	$57,769,546	+47.4%	0.75%
QCOM	Qualcomm Inc/De Technology	Added	345,300	+103,590	$57,444,108	+49.2%	0.74%
SE	Sea Ltd Consumer Cyclical	Reduced	321,100	-99,100	$57,390,203	−14.6%	0.74%
AG	First Majestic Silver Corp Basic Materials	Reduced	4,639,428	-187,987	$57,018,570	+42.8%	0.74%
SNOW	Snowflake Inc. Technology	Added	248,161	+247,461	$55,972,713	+35633.6%	0.72%
BTDR	Bitdeer Technologies Group Technology	Added	2,871,900	+308,500	$49,080,771	+66.8%	0.64%
WFC	Wells Fargo & Company/Mn Financial Services	Added	585,400	+11,600	$49,068,228	+6.7%	0.64%
WULF	Terawulf Inc. Financial Services	Added	4,265,000	+100,100	$48,706,300	+167.0%	0.63%
RIOT	Riot Platforms, Inc. Financial Services	Added	2,446,900	+486,000	$46,564,507	+110.1%	0.60%
MP	MP Materials Corp. / DE Basic Materials	Reduced	689,200	-120,000	$46,224,644	+71.7%	0.60%
XOM	Exxon Mobil Corp Energy	Reduced	397,682	-64,873	$44,838,645	−10.1%	0.58%
C	Citigroup Inc Financial Services	Reduced	427,900	-106,200	$43,431,850	−4.5%	0.56%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	133,000	-37,000	$41,952,190	−14.9%	0.54%
TXN	Texas Instruments Inc Technology	Added	220,904	+25,004	$40,586,691	−0.2%	0.53%
MU	Micron Technology Inc Technology	Reduced	238,700	-44,700	$39,939,284	+14.3%	0.52%
LITE	Lumentum Holdings Inc. Technology	Reduced	244,700	-69,533	$39,815,137	+33.3%	0.52%
STX	Seagate Technology Holdings plc Technology	Added	158,179	+157,979	$37,339,734	+129255.4%	0.48%
CRM	Salesforce, Inc. Technology	Reduced	154,042	-2,308	$36,507,954	−14.4%	0.47%
LLY	ELI LILLY & Co Healthcare	Added	47,695	+2,125	$36,391,285	+2.4%	0.47%
IBIT	iShares Bitcoin Trust ETF	Reduced	553,690	-609,104	$35,989,850	−49.4%	0.47%
MS	Morgan Stanley Financial Services	Reduced	223,500	-14,300	$35,527,560	+6.1%	0.46%