Alphadyne Asset Management LP
Filing Date
Global Rank
#622
/ 8,622
▲ 177
· as of Mar 2026
Top Industry
Semiconductors
6.9%
3Y Alpha vs SPY
-3.3%
Period ended 4 months ago
Filed May 15, 2026 · 2mo
19 quarters · since Sep 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical 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 Alphadyne Asset Management LP's reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
27% that is ordinary stock — as little as
0% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+57.7%
SPY
+67.9%
Annualised alpha
-2.4%
Max drawdown
−26.4%
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 27% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
351 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
3.4%
−12.4 pts
Top 5
11.6%
−27.1 pts
Top 10
20.2%
−29.3 pts
HHI
95
Diversified−404
Portfolio Trend
19 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 24.7% | $1,364,136,798 |
| Industrials | 14.3% | $787,300,305 |
| Energy | 11.4% | $628,908,139 |
| Healthcare | 10.2% | $564,588,923 |
| Consumer Cyclical | 10.1% | $560,464,543 |
| Consumer Defensive | 8.6% | $475,286,707 |
| Basic Materials | 7.9% | $435,842,799 |
| Financial Services | 5.6% | $311,639,430 |
| Communication Services | 4.7% | $259,299,712 |
| Unclassified | 1.7% | $93,504,036 |
| Utilities | 0.8% | $42,967,762 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| MRK | Merck & Co., Inc. | +676,700 | 779,400 | $93,754,026 | |
| TGT | Target Corp | +641,100 | 694,800 | $84,209,760 | |
| AA | Alcoa Corp | +618,371 | 743,371 | $49,307,798 | |
| MRNA | Moderna, Inc. | +554,200 | 870,700 | $44,231,560 | |
| CF | CF Industries Holdings, Inc. | +545,201 | 726,625 | $94,344,990 | |
| XOM | ExxonMobil Holdings Corp | +532,500 | 659,400 | $111,873,804 | |
| VFC | V F Corp | +475,821 | 501,321 | $8,517,443 | |
| UPS | United Parcel Service Inc | +460,106 | 581,906 | $57,247,912 | |
| HAL | Halliburton Co | +456,900 | 999,400 | $38,966,606 | |
| RTX | RTX Corp | +421,183 | 424,023 | $81,794,036 | |
| ON | On Semiconductor Corp | +361,038 | 366,338 | $22,683,648 | |
| ECHO | EchoStar CORP | +358,535 | 363,035 | $42,500,507 | |
| LYB | LyondellBasell Industries N.V. | +356,244 | 373,700 | $30,105,272 | |
| TXN | Texas Instruments Inc | +319,266 | 350,886 | $68,121,008 | |
| WMT | Walmart Inc. | +306,152 | 473,852 | $58,890,326 | |
| FANG | Diamondback Energy, Inc. | +304,920 | 353,700 | $69,958,323 | |
| SU | Suncor Energy Inc | +303,810 | 330,600 | $21,855,966 | |
| CRM | Salesforce, Inc. | +301,834 | 326,134 | $60,879,433 | |
| CAVA | Cava Group, Inc. | +299,683 | 318,200 | $25,742,380 | |
| NOW | ServiceNow, Inc. | +290,000 | 372,685 | $38,964,216 | |
| APA | APA Corp | +286,600 | 358,200 | $15,202,008 | |
| JNJ | Johnson & Johnson | +281,100 | 453,300 | $110,804,652 | |
| DG | Dollar General Corp | +270,635 | 355,435 | $42,200,797 | |
| SBUX | Starbucks Corp | +265,922 | 349,357 | $31,298,893 | |
| DLTR | Dollar Tree, Inc. | +253,295 | 319,095 | $34,944,093 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SPY | Spdr S&P 500 ETF Trust | −890,462 | 39,300 | $25,558,362 | |
| WFC | Wells Fargo & Company/Mn | −785,403 | 150,375 | $11,971,353 | |
| QQQ | Invesco Qqq Trust, Series 1 | −748,628 | 96,800 | $55,871,024 | |
| KEY | Keycorp /New/ | −637,383 | 15,619 | $313,160 | |
| BABA | Alibaba Group Holding Ltd | −539,119 | 139,281 | $17,474,194 | |
| GAP | Gap Inc | −501,160 | 66,040 | $1,598,168 | |
| CVS | CVS HEALTH Corp | −473,060 | 14,340 | $1,029,898 | |
| SOFI | SoFi Technologies, Inc. | −451,384 | 73,700 | $1,170,356 | |
| LYFT | Lyft, Inc. | −393,250 | 76,800 | $1,021,440 | |
| KVUE | Kenvue Inc. | −388,000 | 25,600 | $441,344 | |
| AR | ANTERO RESOURCES Corp | −373,178 | 56,721 | $2,407,239 | |
| CM | Canadian Imperial Bank Of Commerce /Can/ | −367,300 | 30,000 | $2,842,500 | |
| CSCO | Cisco Systems, Inc. | −351,800 | 36,700 | $2,847,553 | |
| HPE | Hewlett Packard Enterprise Co | −237,700 | 13,100 | $311,911 | |
| DVN | Devon Energy Corp/De | −234,686 | 320,300 | $16,117,496 | |
| INTC | Intel Corp | −234,555 | 26,445 | $1,167,017 | |
| FTNT | Fortinet, Inc. | −209,769 | 14,100 | $1,152,252 | |
| ZETA | Zeta Global Holdings Corp. | −193,628 | 44,272 | $704,810 | |
| M | Macy's, Inc. | −178,389 | 67,023 | $1,212,446 | |
| MS | Morgan Stanley | −166,554 | 81,246 | $13,370,654 | |
| HL | Hecla Mining Co/De/ | −131,200 | 19,200 | $357,696 | |
| RUN | Sunrun Inc. | −125,208 | 45,092 | $611,447 | |
| RIOT | Riot Platforms, Inc. | −116,376 | 42,900 | $530,244 | |
| COF | Capital One Financial Corp | −115,900 | 3,200 | $583,776 | |
| PLTR | Palantir Technologies Inc. | −104,673 | 8,288 | $1,212,368 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| COP | Conocophillips | 508,000 | $67,056,000 | |
| EOG | Eog Resources Inc | 377,100 | $54,517,347 | |
| ROST | Ross Stores, Inc. | 225,000 | $48,741,750 | |
| NOC | Northrop Grumman Corp /De/ | 64,421 | $43,950,583 | |
| MCHP | Microchip Technology Inc | 627,535 | $40,545,036 | |
| SAP | Sap SE | 209,604 | $35,886,300 | |
| ULTA | Ulta Beauty, Inc. | 67,942 | $35,513,962 | |
| ALGN | Align Technology Inc | 188,999 | $32,400,098 | |
| CL | Colgate Palmolive Co | 366,700 | $31,253,841 | |
| HON | Honeywell International Inc | 137,226 | $31,017,197 | |
| MUFG | Mitsubishi Ufj Financial Group Inc | 1,652,000 | $28,034,440 | |
| SNDK | Sandisk Corp | 42,998 | $27,318,349 | |
| CME | Cme Group Inc. | 90,309 | $26,672,763 | |
| MAR | Marriott International Inc /Md/ | 79,795 | $26,098,550 | |
| LIN | Linde PLC | 49,000 | $24,292,240 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | 69,500 | $23,487,525 | |
| RGLD | Royal Gold Inc | 84,810 | $21,583,296 | |
| MNST | Monster Beverage Corp | 293,917 | $21,297,225 | |
| FTAI | FTAI Aviation Ltd. | 77,518 | $18,991,910 | |
| CVX | Chevron Corp | 81,400 | $16,841,660 | |
| DOW | Dow Inc. | 394,600 | $16,435,090 | |
| AAOI | Applied Optoelectronics, Inc. | 188,600 | $15,953,674 | |
| SNPS | Synopsys Inc | 39,084 | $15,496,024 | |
| ANF | Abercrombie & Fitch Co /De/ | 163,665 | $14,954,071 | |
| JBHT | Hunt J B Transport Services Inc | 61,261 | $12,981,205 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GE | General Electric Co | 80,100 | $24,673,203 | |
| UBER | Uber Technologies, Inc | 178,569 | $14,590,872 | |
| VST | Vistra Corp. | 88,446 | $14,268,993 | |
| SWKS | Skyworks Solutions, Inc. | 213,937 | $13,565,745 | |
| NU | Nu Holdings Ltd. | 796,942 | $13,340,809 | |
| SHOP | Shopify Inc. | 81,284 | $13,084,285 | |
| SPOT | Spotify Technology S.A. | 21,614 | $12,551,465 | |
| PRU | Prudential Financial Inc | 109,017 | $12,305,838 | |
| PYPL | PayPal Holdings, Inc. | 175,877 | $10,267,699 | |
| ANET | Arista Networks, Inc. | 71,600 | $9,381,748 | |
| BDX | Becton Dickinson & Co | 40,200 | $7,801,616 | |
| AAL | American Airlines Group Inc. | 503,900 | $7,724,787 | |
| NTAP | NetApp, Inc. | 71,002 | $7,603,604 | |
| BX | Blackstone Inc. | 46,600 | $7,182,924 | |
| LMND | Lemonade, Inc. | 92,314 | $6,570,910 | |
| NRG | Nrg Energy, Inc. | 40,718 | $6,483,934 | |
| HUM | Humana Inc | 24,550 | $6,287,991 | |
| SCHW | Schwab Charles Corp | 62,600 | $6,254,366 | |
| DELL | Dell Technologies Inc. | 49,611 | $6,245,032 | |
| CROX | Crocs, Inc. | 72,293 | $6,182,497 | |
| TTWO | Take Two Interactive Software Inc | 22,200 | $5,683,866 | |
| CPRI | Capri Holdings Ltd | 231,049 | $5,637,595 | |
| IBKR | Interactive Brokers Group, Inc. | 87,244 | $5,610,661 | |
| RBLX | Roblox Corp | 66,779 | $5,411,102 | |
| ABNB | Airbnb, Inc. | 35,200 | $4,777,344 | |
| No positions match the current search. | ||||
351 tracked positions ·
$5,523,939,154 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
Utilities
Showing 1–50
of 351 positions by value
· page 1 of 8
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MSFT |
Microsoft Corp
PUT
CALL
+ SHARES
Technology
|
Added | 508,372 | $188,184,063 | 3.41% | |
| AAPL |
Apple Inc.
PUT
CALL
+ SHARES
Technology
|
Added | 511,163 | $129,728,057 | 2.35% | |
| XOM |
ExxonMobil Holdings Corp
PUT
CALL
Energy
|
Added | 659,400 | $111,873,804 | 2.03% | |
| JNJ |
Johnson & Johnson
PUT
CALL
Healthcare
|
Added | 453,300 | $110,804,652 | 2.01% | |
| FDX |
Fedex Corp
PUT
CALL
+ SHARES
Industrials
|
Added | 285,313 | $101,622,792 | 1.84% | |
| AMZN |
Amazon Com Inc
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 478,657 | $99,689,893 | 1.80% | |
| META |
Meta Platforms, Inc.
PUT
CALL
+ SHARES
Communication Services
|
Added | 165,328 | $94,589,108 | 1.71% | |
| CF |
CF Industries Holdings, Inc.
PUT
CALL
+ SHARES
Basic Materials
|
Added | 726,625 | $94,344,990 | 1.71% | |
| MRK |
Merck & Co., Inc.
PUT
CALL
Healthcare
|
Added | 779,400 | $93,754,026 | 1.70% | |
| GOOGL |
Alphabet Inc.
PUT
CALL
+ SHARES
Communication Services
|
Added | 323,514 | $93,029,685 | 1.68% | |
| TGT |
Target Corp
PUT
CALL
Consumer Defensive
|
Added | 694,800 | $84,209,760 | 1.52% | |
| RTX |
RTX Corp
PUT
CALL
+ SHARES
Industrials
|
Added | 424,023 | $81,794,036 | 1.48% | |
| NVDA |
Nvidia Corp
PUT
CALL
+ SHARES
Technology
|
Added | 458,953 | $80,041,403 | 1.45% | |
| AMGN |
Amgen Inc
PUT
CALL
+ SHARES
Healthcare
|
Added | 206,597 | $72,691,154 | 1.32% | |
| FANG |
Diamondback Energy, Inc.
PUT
CALL
Energy
|
Added | 353,700 | $69,958,323 | 1.27% | |
| ADBE |
Adobe Inc.
PUT
+ SHARES
Technology
|
Added | 281,228 | $68,360,902 | 1.24% | |
| TXN |
Texas Instruments Inc
PUT
CALL
+ SHARES
Technology
|
Added | 350,886 | $68,121,008 | 1.23% | |
| LMT |
Lockheed Martin Corp
PUT
CALL
+ SHARES
Industrials
|
Added | 112,563 | $68,031,951 | 1.23% | |
| COP |
Conocophillips
PUT
CALL
Energy
|
NEW | 508,000 | $67,056,000 | 1.21% | |
| TSLA |
Tesla, Inc.
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 174,771 | $64,971,119 | 1.18% | |
| CRM |
Salesforce, Inc.
PUT
+ SHARES
Technology
|
Added | 326,134 | $60,879,433 | 1.10% | |
| WMT |
Walmart Inc.
PUT
CALL
+ SHARES
Consumer Defensive
|
Added | 473,852 | $58,890,326 | 1.07% | |
| UPS |
United Parcel Service Inc
PUT
CALL
+ SHARES
Industrials
|
Added | 581,906 | $57,247,912 | 1.04% | |
| ADI |
Analog Devices Inc
PUT
CALL
+ SHARES
Technology
|
Added | 178,103 | $56,661,688 | 1.03% | |
| QQQ |
Invesco Qqq Trust, Series 1
PUT
|
Reduced | 96,800 | $55,871,024 | 1.01% | |
| EOG |
Eog Resources Inc
PUT
CALL
Energy
|
NEW | 377,100 | $54,517,347 | 0.99% | |
| MU |
Micron Technology Inc
PUT
CALL
+ SHARES
Technology
|
Added | 159,200 | $53,784,128 | 0.97% | |
| GILD |
Gilead Sciences, Inc.
PUT
CALL
+ SHARES
Healthcare
|
Added | 374,908 | $52,250,927 | 0.95% | |
| AA |
Alcoa Corp
PUT
CALL
+ SHARES
Basic Materials
|
Added | 743,371 | $49,307,798 | 0.89% | |
| ROST |
Ross Stores, Inc.
PUT
CALL
Consumer Cyclical
|
NEW | 225,000 | $48,741,750 | 0.88% | |
| NUE |
Nucor Corp
PUT
CALL
+ SHARES
Basic Materials
|
Added | 270,857 | $45,801,918 | 0.83% | |
| VLO |
Valero Energy Corp/Tx
PUT
CALL
+ SHARES
Energy
|
Added | 181,340 | $44,805,487 | 0.81% | |
| HWM |
Howmet Aerospace Inc.
PUT
CALL
Industrials
|
Added | 194,100 | $44,732,286 | 0.81% | |
| COHR |
Coherent Corp.
PUT
CALL
Technology
|
Added | 187,400 | $44,640,554 | 0.81% | |
| MRNA |
Moderna, Inc.
PUT
CALL
Healthcare
|
Added | 870,700 | $44,231,560 | 0.80% | |
| NOC |
Northrop Grumman Corp /De/
PUT
CALL
+ SHARES
Industrials
|
NEW | 64,421 | $43,950,583 | 0.80% | |
| AMAT |
Applied Materials Inc /De
PUT
CALL
+ SHARES
Technology
|
Added | 127,123 | $43,449,370 | 0.79% | |
| ECHO |
EchoStar CORP
PUT
CALL
+ SHARES
Communication Services
|
Added | 363,035 | $42,500,507 | 0.77% | |
| DG |
Dollar General Corp
PUT
CALL
+ SHARES
Consumer Defensive
|
Added | 355,435 | $42,200,797 | 0.76% | |
| GS |
Goldman Sachs Group Inc
PUT
CALL
+ SHARES
Financial Services
|
Added | 48,152 | $40,736,110 | 0.74% | |
| MCHP |
Microchip Technology Inc
PUT
CALL
+ SHARES
Technology
|
NEW | 627,535 | $40,545,036 | 0.73% | |
| HAL |
Halliburton Co
PUT
CALL
Energy
|
Added | 999,400 | $38,966,606 | 0.71% | |
| NOW |
ServiceNow, Inc.
PUT
+ SHARES
Technology
|
Added | 372,685 | $38,964,216 | 0.71% | |
| SAP |
Sap SE
PUT
+ SHARES
Technology
|
NEW | 209,604 | $35,886,300 | 0.65% | |
| ULTA |
Ulta Beauty, Inc.
PUT
CALL
+ SHARES
Consumer Cyclical
|
NEW | 67,942 | $35,513,962 | 0.64% | |
| WDC |
Western Digital Corp
PUT
CALL
Technology
|
Added | 131,000 | $35,434,190 | 0.64% | |
| DLTR |
Dollar Tree, Inc.
PUT
CALL
+ SHARES
Consumer Defensive
|
Added | 319,095 | $34,944,093 | 0.63% | |
| PEP |
Pepsico Inc
PUT
CALL
Consumer Defensive
|
Added | 214,600 | $33,325,234 | 0.60% | |
| TOL |
Toll Brothers, Inc.
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 243,095 | $33,175,174 | 0.60% | |
| ALGN |
Align Technology Inc
PUT
CALL
+ SHARES
Healthcare
|
NEW | 188,999 | $32,400,098 | 0.59% |
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.