Lombard Odier Asset Management (USA) Corp

CIK

1491719

Location

New York, NY

Portfolio Value

Small $868,212,046

Diversification

Diversified

Filing Date

Global Rank

#1,916 / 8,622 ▲ 50 · as of Mar 2026

Top Industry

Drug Manufacturers - General 15.8%

3Y Alpha vs SPY

-5.1%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of Lombard Odier Asset Management (USA) Corp's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 20% that is ordinary stock — as little as 13% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+47.1%

SPY

+67.9%

Annualised alpha

-5.1%

Max drawdown

−38.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 20% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

223 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

18.7%

+7.9 pts

Top 5

40.7%

+2.2 pts

Top 10

57.6%

+2.8 pts

HHI

571

Diversified+158

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	18.8%	$163,438,640	2
Industrials	16.9%	$146,383,971	33
Healthcare	15.4%	$133,538,784	21
Consumer Cyclical	10.5%	$90,809,223	44
Technology	10.4%	$90,490,369	33
Financial Services	7.3%	$63,592,318	25
Communication Services	7.2%	$62,894,242	12
Energy	4.0%	$34,922,353	15
Basic Materials	3.6%	$31,213,748	14
Consumer Defensive	3.4%	$29,437,084	12
Real Estate	2.3%	$20,329,637	11
Utilities	0.1%	$1,161,677	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HTZ	Hertz Global Holdings, Inc	+2,300,000	2,500,000	$11,525,000
NEXN	Nexxen International Ltd.	+430,620	489,077	$3,188,782
XRX	Xerox Holdings Corp	+231,400	700,000	$903,000
CLF	Cleveland-Cliffs Inc.	+200,000	530,000	$4,478,500
KMI	Kinder Morgan, Inc.	+120,000	480,000	$16,094,400
SPY	Spdr S&P 500 ETF Trust	+112,109	250,000	$162,585,000
AAL	American Airlines Group Inc.	+100,000	6,060,100	$65,085,474
GT	Goodyear Tire & Rubber Co /Oh/	+90,000	326,000	$2,161,380
MGM	MGM Resorts International	+88,000	118,000	$4,367,180
VZ	Verizon Communications Inc	+77,000	200,000	$10,040,000
TGT	Target Corp	+30,000	90,000	$10,908,000
SLB	Slb Limited/Nv	+25,000	72,000	$3,700,080
MBLY	Mobileye Global Inc.	+22,294	36,625	$251,613
ADM	Archer-Daniels-Midland Co	+15,000	30,000	$2,180,700
RIVN	Rivian Automotive, Inc. / DE	+13,980	2,563,980	$38,587,899
CAG	Conagra Brands Inc.	+10,965	521,069	$8,191,204
UPS	United Parcel Service Inc	+10,000	50,000	$4,919,000
MSFT	Microsoft Corp	+8,605	12,697	$4,700,048
BABA	Alibaba Group Holding Ltd	+8,320	10,000	$1,254,600
CZR	Caesars Entertainment, Inc.	+5,727	290,027	$7,665,413
MSTR	Strategy Inc	+5,600	25,100	$3,132,480
CYH	Community Health Systems Inc	+5,000	101,000	$296,940
UBER	Uber Technologies, Inc	+3,850	9,842	$707,935
DECK	Deckers Outdoor Corp	+3,250	17,000	$1,701,530
SNX	Td Synnex Corp	+3,100	6,439	$1,086,323
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
F	Ford Motor Co	−478,969	21,031	$242,697
CAR	Avis Budget Group, Inc.	−100,000	245,000	$35,733,250
DCH	Dauch Corp	−90,000	600,000	$3,558,000
MRK	Merck & Co., Inc.	−75,000	185,000	$22,253,650
DOW	Dow Inc.	−69,544	15,456	$643,742
PRM	Perimeter Solutions, Inc.	−55,903	29,912	$730,451
CRGY	Crescent Energy Co	−53,000	87,000	$1,174,500
NEM	NEWMONT Corp /DE/	−50,000	100,000	$10,825,000
CLMT	Calumet, Inc. /DE	−40,561	59,534	$2,137,270
LUV	Southwest Airlines Co	−33,966	34,363	$1,291,017
WTTR	Select Water Solutions, Inc.	−30,272	96,870	$1,482,111
BMY	Bristol Myers Squibb Co	−25,000	575,000	$34,873,750
GM	General Motors Co	−20,224	14,868	$1,107,666
APG	APi Group Corp	−19,696	39,897	$1,616,626
UNH	Unitedhealth Group Inc	−14,275	40,000	$10,823,600
NBR	Nabors Industries Ltd	−13,500	45,600	$3,924,336
GFF	Griffon Corp	−11,336	6,975	$506,943
AER	AerCap Holdings N.V.	−10,360	10,458	$1,434,628
CCK	Crown Holdings, Inc.	−9,960	3,228	$323,607
GOOGL	Alphabet Inc.	−8,958	9,865	$2,836,779
FCX	Freeport-Mcmoran Inc	−7,593	150,000	$8,817,000
ODFL	Old Dominion Freight Line, Inc.	−5,496	4,285	$837,289
TLN	Talen Energy Corp	−5,462	3,639	$1,161,677
CSX	Csx Corp	−5,323	17,033	$699,204
OSIS	Osi Systems Inc	−5,174	3,603	$956,632
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CMCSA	Comcast Corp	1,061,297	$30,469,836
DIS	Walt Disney Co	107,500	$10,360,850
PRU	Prudential Financial Inc	50,000	$4,884,500
PGY	Pagaya Technologies Ltd.	360,000	$4,194,000
NFLX	Netflix Inc	38,000	$3,653,700
OGN	Organon & Co.	570,000	$3,414,300
GLNG	Golar Lng Ltd	28,667	$1,551,171
TJX	Tjx Companies Inc /De/	9,232	$1,474,350
SPOT	Spotify Technology S.A.	2,675	$1,297,134
SW	Smurfit Westrock plc	32,500	$1,295,125
FIVE	Five Below, Inc	5,366	$1,226,023
ZGN	Ermenegildo Zegna N.V.	115,000	$1,198,300
AMRZ	Amrize Ltd	20,172	$1,130,035
ROST	Ross Stores, Inc.	4,557	$987,182
OXY	Occidental Petroleum Corp /De/	14,933	$970,645
VG	Venture Global, Inc.	54,214	$854,412
BNO	United States Brent Oil Fund, LP	16,413	$853,640
ACM	Aecom	9,924	$841,753
EMN	Eastman Chemical Co	9,811	$748,775
WWD	Woodward, Inc.	1,692	$605,600
CDW	CDW Corp	4,952	$599,291
ADNT	Adient plc	27,223	$550,176
NOW	ServiceNow, Inc.	3,500	$365,925
ALKS	Alkermes plc.	10,232	$361,803
RF	Regions Financial Corp	13,080	$341,649
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
PBF	PBF Energy Inc.	950,000	$25,764,000
VOD	Vodafone Group Public Ltd Co	800,000	$10,568,000
SLV	iShares Silver Trust	93,200	$6,003,944
MUR	Murphy Oil Corp	126,500	$3,953,125
MU	Micron Technology Inc	9,542	$2,723,382
XPO	XPO, Inc.	18,559	$2,522,353
WFRD	Weatherford International plc	29,500	$2,308,670
PCAR	Paccar Inc	20,433	$2,237,617
CHRW	C. H. Robinson Worldwide, Inc.	12,891	$2,072,357
SNDK	Sandisk Corp	7,538	$1,789,370
AJG	Arthur J. Gallagher & Co.	6,862	$1,775,816
BRO	Brown & Brown, Inc.	22,001	$1,753,479
DAR	Darling Ingredients Inc.	47,232	$1,700,352
GLD	Spdr Gold Trust	4,234	$1,677,976
FSLR	First Solar, Inc.	6,391	$1,669,520
SLN	Silence Therapeutics plc	255,901	$1,555,878
TRI	Thomson Reuters Corp /Can/	10,897	$1,437,205
BKR	Baker Hughes Co	31,001	$1,411,785
RSG	Republic Services, Inc.	6,312	$1,337,702
CAT	Caterpillar Inc	2,250	$1,288,957
KEX	Kirby Corp	11,486	$1,265,527
SHW	Sherwin Williams Co	3,879	$1,256,912
ORA	Ormat Technologies, Inc.	10,996	$1,214,728
NATL	NCR Atleos Corp	31,842	$1,213,498
AN	Autonation, Inc.	5,723	$1,181,685
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

223 tracked positions · $868,212,046 total · as of Mar 31, 2026

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

Showing 1–50 of 223 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust CALL	Added	250,000	+112,109	$162,585,000	+72.9%	18.73%
AAL	American Airlines Group Inc. PUT Industrials	Added	6,060,100	+100,000	$65,085,474	−28.8%	7.50%
AAPL	Apple Inc. PUT + SHARES Technology	Added	202,384	+112	$51,363,035	−6.6%	5.92%
RIVN	Rivian Automotive, Inc. / DE PUT CALL + SHARES Consumer Cyclical	Added	2,563,980	+13,980	$38,587,899	−23.2%	4.44%
CAR	Avis Budget Group, Inc. PUT Industrials	Reduced	245,000	-100,000	$35,733,250	−19.3%	4.12%
BMY	Bristol Myers Squibb Co PUT CALL Healthcare	Reduced	575,000	-25,000	$34,873,750	+7.8%	4.02%
GILD	Gilead Sciences, Inc. PUT CALL + SHARES Healthcare	Reduced	231,958	-3,042	$32,327,986	+12.1%	3.72%
CMCSA	Comcast Corp CALL + SHARES Communication Services	NEW	1,061,297	NEW	$30,469,836	NEW	3.51%
C	Citigroup Inc PUT CALL Financial Services	Held	240,000	0	$27,218,400	−2.8%	3.13%
MRK	Merck & Co., Inc. PUT CALL Healthcare	Reduced	185,000	-75,000	$22,253,650	−18.7%	2.56%
PFE	Pfizer Inc CALL Healthcare	Held	660,000	0	$18,532,800	+12.8%	2.13%
KMI	Kinder Morgan, Inc. PUT CALL Energy	Added	480,000	+120,000	$16,094,400	+62.6%	1.85%
MET	Metlife Inc PUT CALL Financial Services	Held	200,000	0	$14,144,000	−10.4%	1.63%
HTZ	Hertz Global Holdings, Inc PUT + SHARES Industrials	Added	2,500,000	+2,300,000	$11,525,000	+1021.1%	1.33%
SPG	Simon Property Group Inc. CALL + SHARES Real Estate	Added	61,702	+1,702	$11,509,274	+3.6%	1.33%
TGT	Target Corp PUT CALL Consumer Defensive	Added	90,000	+30,000	$10,908,000	+86.0%	1.26%
NEM	NEWMONT Corp /DE/ PUT Basic Materials	Reduced	100,000	-50,000	$10,825,000	−27.7%	1.25%
UNH	Unitedhealth Group Inc CALL Healthcare	Reduced	40,000	-14,275	$10,823,600	−39.6%	1.25%
DIS	Walt Disney Co PUT CALL Communication Services	NEW	107,500	NEW	$10,360,850	NEW	1.19%
VZ	Verizon Communications Inc PUT Communication Services	Added	200,000	+77,000	$10,040,000	+100.4%	1.16%
BAC	Bank Of America Corp /De/ PUT Financial Services	Held	200,000	0	$9,750,000	−11.4%	1.12%
CSCO	Cisco Systems, Inc. PUT CALL Technology	Held	120,000	0	$9,310,800	+0.7%	1.07%
FCX	Freeport-Mcmoran Inc PUT CALL Basic Materials	Reduced	150,000	-7,593	$8,817,000	+10.2%	1.02%
FDX	Fedex Corp CALL + SHARES Industrials	Reduced	24,475	-398	$8,717,505	+21.3%	1.00%
CAG	Conagra Brands Inc. CALL + SHARES Consumer Defensive	Added	521,069	+10,965	$8,191,204	−7.2%	0.94%
CZR	Caesars Entertainment, Inc. CALL + SHARES Consumer Cyclical	Added	290,027	+5,727	$7,665,413	+15.3%	0.88%
NCLH	Norwegian Cruise Line Holdings Ltd. CALL Consumer Cyclical	Held	400,000	0	$7,480,000	−16.2%	0.86%
HLF	Herbalife Ltd. CALL Consumer Defensive	Held	402,500	0	$5,924,800	+14.2%	0.68%
UPS	United Parcel Service Inc CALL Industrials	Added	50,000	+10,000	$4,919,000	+24.0%	0.57%
PRU	Prudential Financial Inc PUT Financial Services	NEW	50,000	NEW	$4,884,500	NEW	0.56%
MSFT	Microsoft Corp CALL + SHARES Technology	Added	12,697	+8,605	$4,700,048	+137.5%	0.54%
CLF	Cleveland-Cliffs Inc. PUT CALL + SHARES Basic Materials	Added	530,000	+200,000	$4,478,500	+2.2%	0.52%
MGM	MGM Resorts International CALL + SHARES Consumer Cyclical	Added	118,000	+88,000	$4,367,180	+298.9%	0.50%
IBM	International Business Machines Corp PUT Technology	Held	17,500	0	$4,241,825	−18.2%	0.49%
PGY	Pagaya Technologies Ltd. PUT Technology	NEW	360,000	NEW	$4,194,000	NEW	0.48%
COMP	Compass, Inc. CALL Real Estate	Held	572,000	0	$4,181,320	−30.8%	0.48%
NBR	Nabors Industries Ltd PUT + SHARES Energy	Reduced	45,600	-13,500	$3,924,336	+22.3%	0.45%
SLB	Slb Limited/Nv PUT CALL + SHARES Energy	Added	72,000	+25,000	$3,700,080	+105.1%	0.43%
NFLX	Netflix Inc CALL + SHARES Communication Services	NEW	38,000	NEW	$3,653,700	NEW	0.42%
BHC	Bausch Health Companies Inc. PUT Healthcare	Held	666,000	0	$3,596,400	−22.3%	0.41%
DCH	Dauch Corp PUT CALL + SHARES Consumer Cyclical	Reduced	600,000	-90,000	$3,558,000	−19.6%	0.41%
OGN	Organon & Co. PUT + SHARES Healthcare	NEW	570,000	NEW	$3,414,300	NEW	0.39%
NEXN	Nexxen International Ltd. Communication Services	Added	489,077	+430,620	$3,188,782	+734.1%	0.37%
MSTR	Strategy Inc CALL Technology	Added	25,100	+5,600	$3,132,480	+5.7%	0.36%
GOOGL	Alphabet Inc. Communication Services	Reduced	9,865	-8,958	$2,836,779	−51.9%	0.33%
CASY	Caseys General Stores Inc Consumer Cyclical	Added	3,438	+2,096	$2,502,382	+237.4%	0.29%
KSS	KOHLS Corp PUT Consumer Cyclical	Held	180,000	0	$2,322,000	−36.8%	0.27%
MPT	Medical Properties Trust Inc PUT Real Estate	Held	500,000	0	$2,315,000	−7.4%	0.27%
ADM	Archer-Daniels-Midland Co PUT Consumer Defensive	Added	30,000	+15,000	$2,180,700	+152.9%	0.25%
GT	Goodyear Tire & Rubber Co /Oh/ PUT + SHARES Consumer Cyclical	Added	326,000	+90,000	$2,161,380	+4.5%	0.25%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.