Polar Asset Management Partners Inc.

CIK

1326389

Location

TORONTO, A6

Portfolio Value

Mid $6,571,538,220

Diversification

Diversified

Filing Date

Global Rank

#559 / 7,976 ▲ 133

Top Industry

Asset Management 14.1%

3Y Alpha vs SPY

-0.3%

Period ended 9 months ago

Filed Dec 1, 2025 · 6mo

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

+75.6%

SPY

+76.5%

Annualised alpha

-0.2%

Max drawdown

−20.2%

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

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

Top Position

22.7%

−12.0 pts

Top 5

53.7%

−2.0 pts

Top 10

60.8%

+1.1 pts

HHI

1,051

Diversified−345

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Unclassified	46.1%	$3,030,469,485	6
Financial Services	18.2%	$1,198,292,557	146
Technology	17.3%	$1,138,863,514	59
Communication Services	6.2%	$410,459,386	33
Consumer Cyclical	5.9%	$387,995,554	25
Industrials	2.0%	$131,301,707	24
Healthcare	1.6%	$101,977,896	10
Consumer Defensive	1.2%	$78,914,597	6
Basic Materials	0.6%	$37,586,813	13
Energy	0.4%	$25,602,279	4
Real Estate	0.3%	$21,726,393	7
Utilities	0.1%	$8,348,039	3

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
QQQ	Invesco Qqq Trust, Series 1	+1,591,400	2,410,000	$1,446,891,700
WBD	Warner Bros. Discovery, Inc.	+1,266,527	2,067,827	$40,384,661
QUBT	Quantum Computing Inc.	+1,127,427	2,686,727	$49,462,644
NVDA	Nvidia Corp	+757,789	932,480	$173,982,118
MBAV	M3-Brigade Acquisition V Corp.	+469,678	1,200,005	$12,660,052
T	At&T Inc.	+465,032	492,932	$13,920,399
SCD	Lmp Capital & Income Fund Inc.	+397,457	557,857	$8,663,519
TTD	Trade Desk, Inc.	+302,561	471,674	$23,116,742
AVGO	Broadcom Inc.	+263,085	300,885	$99,264,970
FLG	Flagstar Bank, National Association	+252,053	345,953	$3,995,757
NDAQ	Nasdaq, Inc.	+206,564	218,264	$19,305,450
ROKU	Roku, Inc	+206,137	265,437	$26,578,206
EQX	Equinox Gold Corp.	+190,000	255,000	$2,861,100
NAMM	Namib Minerals	+173,899	1,346,001	$4,428,343
RBLX	Roblox Corp	+149,129	206,529	$28,608,397
KRNT	Kornit Digital Ltd.	+135,709	779,559	$10,524,046
TSLA	Tesla, Inc.	+122,793	205,293	$91,297,902
OR	OR Royalties Inc.	+102,000	141,000	$5,651,280
APEI	American Public Education Inc	+98,260	108,609	$4,286,797
LYFT	Lyft, Inc.	+79,916	192,416	$4,235,076
ENTG	Entegris Inc	+77,906	287,644	$26,595,564
LRCX	Lam Research Corp	+65,649	284,619	$38,110,484
PAR	Par Technology Corp	+54,262	115,262	$4,562,069
TSAT	Telesat Corp	+47,725	105,225	$2,788,462
CNI	Canadian National Railway Co	+47,000	150,000	$14,145,000
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PHYS	Sprott Physical Gold Trust	−6,256,783	9,552,402	$282,942,147
ELVA	Electrovaya Inc.	−1,198,829	478,480	$2,818,247
VEEA	Veea Inc.	−1,109,412	293,302	$183,020
GH	Guardant Health, Inc.	−954,251	23,595	$1,474,215
NOA	North American Construction Group Ltd.	−745,615	921,721	$13,088,438
INVZ	Innoviz Technologies Ltd.	−519,700	1,655,969	$3,378,176
HURC	Hurco Companies Inc	−409,019	280,986	$4,889,156
SPY	Spdr S&P 500 ETF Trust	−318,800	2,237,200	$1,490,377,896
MUA	Blackrock Muniassets Fund, Inc.	−313,797	209,009	$2,319,999
GENI	Genius Sports Ltd	−296,566	579,146	$7,169,827
MATW	Matthews International Corp	−292,875	428,533	$10,404,781
TVA	Texas Ventures Acquisition III Corp	−292,269	107,731	$1,153,799
LAKE	Lakeland Industries Inc	−269,795	53,697	$794,715
FSHP	Flag Ship Acquisition Corp	−227,000	150,000	$1,597,500
BWMN	Bowman Consulting Group Ltd.	−225,885	218,995	$9,276,628
IBIT	iShares Bitcoin Trust ETF	−204,293	267,020	$17,356,300
RMT	Royce Micro-Cap Trust, Inc.	−167,074	71,294	$740,744
HYAC	Haymaker Acquisition Corp. 4	−165,000	435,000	$4,932,900
GWRS	Global Water Resources, Inc.	−159,440	438,858	$4,520,237
TXNM	Txnm Energy Inc	−150,000	35,000	$1,979,250
HBM	Hudbay Minerals Inc.	−140,000	50,000	$758,000
KVAC	Keen Vision Acquisition Corp.	−126,600	23,400	$269,334
FOXA	Fox Corp	−125,652	92,948	$5,861,300
TECH	BIO-TECHNE Corp	−122,019	187,280	$10,418,386
AMCX	AMC Global Media Inc.	−121,877	292,861	$2,413,174
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
HD	Home Depot, Inc.	329,900	$133,672,181
AAPL	Apple Inc.	461,626	$117,543,828
ANET	Arista Networks, Inc.	601,860	$87,697,020
ORCL	Oracle Corp	250,000	$70,310,000
ETH	Grayscale Ethereum Staking Mini ETF	1,530,000	$59,945,400
MCO	Moodys Corp /De/	113,816	$54,231,047
WMT	Walmart Inc.	500,000	$51,530,000
ADBE	Adobe Inc.	140,000	$49,385,000
ISRG	Intuitive Surgical Inc	91,000	$40,697,930
FWDI	Forward Industries, Inc.	1,351,352	$34,554,070
HSDT	Solana Co	2,179,916	$32,458,949
UPXI	Upexi, Inc.	5,200,000	$30,004,000
ETSY	Etsy Inc	350,000	$23,236,500
BCAR	D. Boral ARC Acquisition I Corp.	2,172,000	$21,567,960
KCHV	Kochav Defense Acquisition Corp.	2,150,000	$21,564,500
U	Unity Software Inc.	530,974	$21,260,198
EA	Electronic Arts Inc.	104,300	$21,037,310
APP	AppLovin Corp	26,659	$19,155,557
APH	Amphenol Corp /De/	145,411	$17,994,611
TER	Teradyne, Inc	114,520	$15,762,532
DHR	Danaher Corp /De/	72,900	$14,453,154
AMAT	Applied Materials Inc /De	70,000	$14,331,800
HPE	Hewlett Packard Enterprise Co	580,439	$14,255,581
WTFC	Wintrust Financial Corp	106,415	$14,093,602
NXPI	NXP Semiconductors N.V.	61,460	$13,996,285
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ALGN	Align Technology Inc	203,622	$38,551,753
MDT	Medtronic plc	343,900	$29,977,763
PEN	Penumbra Inc	101,200	$25,970,956
MRVL	Marvell Technology, Inc.	293,809	$22,740,816
AMD	Advanced Micro Devices Inc	156,900	$22,264,110
NVST	Envista Holdings Corp	1,100,810	$21,509,827
MSTR	Strategy Inc	50,000	$20,211,500
A	Agilent Technologies, Inc.	169,157	$19,962,217
GKOS	GLAUKOS Corp	177,123	$18,295,034
DXCM	Dexcom Inc	197,700	$17,257,233
EW	Edwards Lifesciences Corp	220,239	$17,224,892
QCOM	Qualcomm Inc/De	101,200	$16,117,112
BTBT	Bit Digital, Inc	7,248,800	$15,874,872
MCHP	Microchip Technology Inc	202,500	$14,249,925
LITE	Lumentum Holdings Inc.	135,000	$12,833,100
ELAN	Elanco Animal Health Inc	728,300	$10,400,124
CHWY	Chewy, Inc.	239,000	$10,186,180
BRKR	Bruker Corp	244,400	$10,069,280
SBET	Sharplink, Inc.	976,705	$9,698,680
HAS	Hasbro, Inc.	129,700	$9,574,454
INSM	INSMED Inc	92,300	$9,289,072
DASH	DoorDash, Inc.	36,800	$9,071,568
WGS	GeneDx Holdings Corp.	97,604	$9,009,825
GMED	Globus Medical Inc	147,400	$8,699,548
CALX	Calix, Inc	152,684	$8,121,261
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

336 positions · $6,571,538,220 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 336 positions by value · page 1 of 7

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	2,237,200	-318,800	$1,490,377,896	−5.6%	22.68%
QQQ	Invesco Qqq Trust, Series 1	Added	2,410,000	+1,591,400	$1,446,891,700	+220.4%	22.02%
PHYS	Sprott Physical Gold Trust Financial Services	Reduced	9,552,402	-6,256,783	$282,942,147	−29.4%	4.31%
NVDA	Nvidia Corp Technology	Added	932,480	+757,789	$173,982,118	+530.4%	2.65%
HD	Home Depot, Inc. Consumer Cyclical	NEW	329,900	NEW	$133,672,181	NEW	2.03%
AAPL	Apple Inc. Technology	NEW	461,626	NEW	$117,543,828	NEW	1.79%
AVGO	Broadcom Inc. Technology	Added	300,885	+263,085	$99,264,970	+852.7%	1.51%
TSLA	Tesla, Inc. Consumer Cyclical	Added	205,293	+122,793	$91,297,902	+248.4%	1.39%
ANET	Arista Networks, Inc. Technology	NEW	601,860	NEW	$87,697,020	NEW	1.33%
ORCL	Oracle Corp Technology	NEW	250,000	NEW	$70,310,000	NEW	1.07%
ETH	Grayscale Ethereum Staking Mini ETF	NEW	1,530,000	NEW	$59,945,400	NEW	0.91%
MCO	Moodys Corp /De/ Financial Services	NEW	113,816	NEW	$54,231,047	NEW	0.83%
PSLV	Sprott Physical Silver Trust Financial Services	Held	3,437,232	0	$53,964,542	+28.3%	0.82%
META	Meta Platforms, Inc. Communication Services	Added	70,718	+42,224	$51,933,884	+146.9%	0.79%
WMT	Walmart Inc. Consumer Defensive	NEW	500,000	NEW	$51,530,000	NEW	0.78%
QUBT	Quantum Computing Inc. Technology	Added	2,686,727	+1,127,427	$49,462,644	+65.5%	0.75%
ADBE	Adobe Inc. Technology	NEW	140,000	NEW	$49,385,000	NEW	0.75%
ISRG	Intuitive Surgical Inc Healthcare	NEW	91,000	NEW	$40,697,930	NEW	0.62%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	2,067,827	+1,266,527	$40,384,661	+339.8%	0.61%
LRCX	Lam Research Corp Technology	Added	284,619	+65,649	$38,110,484	+78.8%	0.58%
MTSI	MACOM Technology Solutions Holdings, Inc. Technology	Added	286,760	+36,995	$35,698,752	−0.3%	0.54%
FWDI	Forward Industries, Inc. Consumer Cyclical	NEW	1,351,352	NEW	$34,554,070	NEW	0.53%
HSDT	Solana Co Financial Services	NEW	2,179,916	NEW	$32,458,949	NEW	0.49%
UPXI	Upexi, Inc. Communication Services	NEW	5,200,000	NEW	$30,004,000	NEW	0.46%
SPOT	Spotify Technology S.A. Communication Services	Added	42,438	+34,538	$29,621,724	+388.6%	0.45%
RBLX	Roblox Corp Communication Services	Added	206,529	+149,129	$28,608,397	+373.8%	0.44%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	100,520	-8,695	$28,074,230	+13.5%	0.43%
COIN	Coinbase Global, Inc. Financial Services	Reduced	80,000	-70,000	$26,999,200	−48.6%	0.41%
OLED	Universal Display Corp \Pa\ Technology	Added	186,792	+32,955	$26,828,934	+12.9%	0.41%
ENTG	Entegris Inc Technology	Added	287,644	+77,906	$26,595,564	+57.2%	0.40%
ROKU	Roku, Inc Communication Services	Added	265,437	+206,137	$26,578,206	+410.0%	0.40%
TMUS	T-Mobile US, Inc. Communication Services	Added	102,261	+46,761	$24,479,238	+85.1%	0.37%
ETSY	Etsy Inc Consumer Cyclical	NEW	350,000	NEW	$23,236,500	NEW	0.35%
TTD	Trade Desk, Inc. Communication Services	Added	471,674	+302,561	$23,116,742	+89.9%	0.35%
SMTC	Semtech Corp Technology	Reduced	320,459	-75,766	$22,896,795	+28.0%	0.35%
BCAR	D. Boral ARC Acquisition I Corp. Financial Services	NEW	2,172,000	NEW	$21,567,960	NEW	0.33%
KCHV	Kochav Defense Acquisition Corp. Financial Services	NEW	2,150,000	NEW	$21,564,500	NEW	0.33%
U	Unity Software Inc. Technology	NEW	530,974	NEW	$21,260,198	NEW	0.32%
EA	Electronic Arts Inc. Communication Services	NEW	104,300	NEW	$21,037,310	NEW	0.32%
SITM	SITIME Corp Technology	Reduced	69,580	-16,975	$20,965,149	+13.7%	0.32%
AMZN	Amazon Com Inc Consumer Cyclical	Added	90,100	+24,744	$19,783,257	+38.0%	0.30%
DMAA	Drugs Made In America Acquisition Corp. Financial Services	Held	1,900,000	0	$19,513,000	+0.7%	0.30%
NDAQ	Nasdaq, Inc. Financial Services	Added	218,264	+206,564	$19,305,450	+1745.3%	0.29%
APP	AppLovin Corp Communication Services	NEW	26,659	NEW	$19,155,557	NEW	0.29%
GTLS	Chart Industries Inc Industrials	Reduced	90,000	-35,000	$18,013,500	−12.5%	0.27%
APH	Amphenol Corp /De/ Technology	NEW	145,411	NEW	$17,994,611	NEW	0.27%
IBIT	iShares Bitcoin Trust ETF	Reduced	267,020	-204,293	$17,356,300	−39.8%	0.26%
WDC	Western Digital Corp Technology	Reduced	143,212	-100,463	$17,194,032	+10.3%	0.26%
TER	Teradyne, Inc Technology	NEW	114,520	NEW	$15,762,532	NEW	0.24%
MACI	Melar Acquisition Corp. I/Cayman Financial Services	Held	1,485,000	0	$15,592,500	−0.1%	0.24%