SONA ASSET MANAGEMENT (US) LLC

CIK

1856405

Location

NEW YORK, NY

Portfolio Value

Mid $1,616,228,439

Diversification

Diversified

Filing Date

Global Rank

#1,121 / 8,232 ▲ 162

Top Industry

Shell Companies 29.0%

3Y Alpha vs SPY

-9.9%

Period ended 2 months ago

Filed May 15, 2026 · 29d

18 quarters · since Dec 2021

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

+36.5%

SPY

+76.5%

Annualised alpha

-9.9%

Max drawdown

−39.4%

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

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

Top Position

21.5%

−1.5 pts

Top 5

49.5%

−8.7 pts

Top 10

58.6%

−18.2 pts

HHI

724

Diversified−219

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Communication Services	35.8%	$579,102,891	7
Financial Services	29.7%	$479,791,362	137
Utilities	9.7%	$156,552,888	3
Unclassified	9.0%	$145,975,458	8
Technology	8.8%	$142,939,471	20
Energy	2.2%	$35,139,389	5
Industrials	1.9%	$30,359,482	6
Consumer Cyclical	0.9%	$14,351,070	6
Healthcare	0.7%	$11,970,481	2
Real Estate	0.7%	$11,170,503	3
Basic Materials	0.5%	$8,875,444	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
WBD	Warner Bros. Discovery, Inc.	+4,936,209	5,936,209	$163,008,298
SATS	EchoStar CORP	+2,658,820	2,963,470	$346,933,431
BACC	Blue Acquisition Corp/Cayman	+1,382,174	3,342,359	$34,125,485
BTDR	Bitdeer Technologies Group	+674,021	1,548,024	$13,390,407
WULF	Terawulf Inc.	+406,000	531,000	$7,662,329
RIOT	Riot Platforms, Inc.	+397,000	522,000	$6,451,919
IBIT	iShares Bitcoin Trust ETF	+379,200	750,000	$28,815,000
IHRT	iHeartMedia, Inc.	+251,097	1,874,668	$5,474,029
DMII	Drugs Made In America Acquisition II Corp.	+200,000	500,000	$4,985,000
NN	Nextnav Inc.	+143,349	521,477	$8,354,060
FCRS	FutureCrest Acquisition Corp.	+100,000	150,000	$1,509,000
OUST	Ouster, Inc.	+75,000	85,000	$1,561,449
CORZ	Core Scientific, Inc./tx	+23,000	623,000	$9,320,080
GLW	Corning Inc /Ny	+3,000	15,000	$2,039,549
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
DCH	Dauch Corp	−4,237,937	1,000,000	$5,930,000
IHS	IHS Holding Ltd	−651,337	901,337	$7,418,003
KYIV	Kyivstar Group Ltd.	−421,709	5,549,679	$56,162,751
QQQ	Invesco Qqq Trust, Series 1	−417,000	135,000	$77,919,300
RKT	Rocket Companies, Inc.	−413,000	250,000	$3,562,500
NSC	Norfolk Southern Corp	−375,164	69,083	$19,826,821
TDAY	USA TODAY Co., Inc.	−204,201	195,799	$1,380,382
SPY	Spdr S&P 500 ETF Trust	−194,000	6,000	$3,902,040
NVDA	Nvidia Corp	−125,000	100,000	$17,440,000
FCX	Freeport-Mcmoran Inc	−75,000	25,000	$1,469,500
SNDK	Sandisk Corp	−29,000	10,000	$6,353,400
BABA	Alibaba Group Holding Ltd	−28,300	31,186	$3,912,595
COGT	Cogent Biosciences, Inc.	−25,000	80,000	$3,079,200
OKLO	Oklo Inc.	−15,400	4,600	$228,113
IMSR	Terrestrial Energy Inc. /DE/	−14,434	85,566	$513,822
CHTR	Charter Communications, Inc. /Mo/	−3,500	10,000	$2,158,800
LITE	Lumentum Holdings Inc.	−1,274	3,000	$2,108,280
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AES	Aes Corp	11,058,265	$155,810,953
SLAB	Silicon Laboratories Inc.	175,059	$36,438,530
TTE	TotalEnergies SE	300,000	$27,294,000
MSFT	Microsoft Corp	50,000	$18,508,500
SORN	Soren Acquisition Corp.	1,850,000	$18,278,000
DBC	Invesco DB Commodity Index Tracking Fund	475,000	$13,751,249
FVAV	Fortress Value Acquisition Corp. V	1,000,000	$10,030,000
MLAA	Mountain Lake Acquisition Corp. II	1,000,000	$9,850,000
OBDC	Blue Owl Capital Corp	886,000	$9,799,159
HUT	Hut 8 Corp.	191,400	$8,978,573
QGEN	Qiagen N.V.	222,060	$8,891,281
IRAB	Iris Acquisition Corp II	850,000	$8,347,000
CIFR	Cipher Digital Inc.	620,000	$7,979,400
MUZE	Muzero Acquisition Corp	800,000	$7,888,000
ARCI	Archimedes Tech SPAC Partners III Co.	800,000	$7,880,000
IREN	IREN Ltd	225,000	$7,713,000
KKR	KKR & Co. Inc.	83,300	$7,705,250
ARTC	Art Technology Acquisition Corp.	750,000	$7,357,500
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc.	748,363	$7,356,408
QRVO	Qorvo, Inc.	90,046	$6,969,560
GRAF	Graf Global Corp.	600,000	$6,426,000
AACI	Armada Acquisition Corp. III	650,000	$6,409,000
LEGO	Legato Merger Corp. IV	600,000	$5,946,000
MEVO	M Evo Global Acquisition Corp II	600,000	$5,910,000
CF	CF Industries Holdings, Inc.	44,100	$5,725,944
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
INTC	Intel Corp	4,015,000	$148,153,500
TXNM	Txnm Energy Inc	1,834,874	$108,037,381
KMB	Kimberly Clark Corp	875,500	$88,329,195
MSTR	Strategy Inc	200,000	$30,390,000
CC	Chemours Co	1,651,275	$19,468,532
UNH	Unitedhealth Group Inc	43,600	$14,392,795
BORR	Borr Drilling Ltd	3,205,564	$12,918,422
CLSK	Cleanspark, Inc.	919,500	$9,305,339
MU	Micron Technology Inc	30,000	$8,562,300
CMCSA	Comcast Corp	225,000	$6,302,947
AVAV	AeroVironment Inc	25,500	$6,168,194
FMC	Fmc Corp	400,000	$5,548,000
TER	Teradyne, Inc	25,000	$4,839,000
COHR	Coherent Corp.	21,000	$3,875,969
ZTS	Zoetis Inc.	27,700	$3,485,213
AVGO	Broadcom Inc.	10,000	$3,461,000
VISN	Vistance Networks, Inc.	188,715	$3,421,402
HPP	Hudson Pacific Properties, Inc.	310,989	$3,368,010
TIC	TIC Solutions, Inc.	300,000	$3,033,000
DG	Dollar General Corp	20,000	$2,655,400
HII	Huntington Ingalls Industries, Inc.	7,500	$2,550,524
TAC	Transalta Corp	200,000	$2,528,000
MP	MP Materials Corp. / DE	50,000	$2,526,000
DLTR	Dollar Tree, Inc.	20,000	$2,460,200
WRBY	Warby Parker Inc.	100,000	$2,179,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

201 positions · $1,616,228,439 total · as of Mar 31, 2026

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

Showing 1–50 of 201 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SATS	EchoStar CORP Communication Services	Added	2,963,470	+2,658,820	$346,933,431	+947.6%	21.47%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	5,936,209	+4,936,209	$163,008,298	+465.6%	10.09%
AES	Aes Corp Utilities	NEW	11,058,265	NEW	$155,810,953	NEW	9.64%
QQQ	Invesco Qqq Trust, Series 1	Reduced	135,000	-417,000	$77,919,300	−77.0%	4.82%
KYIV	Kyivstar Group Ltd. Communication Services	Reduced	5,549,679	-421,709	$56,162,751	−27.5%	3.47%
SLAB	Silicon Laboratories Inc. Technology	NEW	175,059	NEW	$36,438,530	NEW	2.25%
BACC	Blue Acquisition Corp/Cayman Financial Services	Reduced	3,342,359	-578,011	$34,125,485	−14.7%	2.11%
IBIT	iShares Bitcoin Trust ETF	Added	750,000	+379,200	$28,815,000	+56.5%	1.78%
TTE	TotalEnergies SE Energy	NEW	300,000	NEW	$27,294,000	NEW	1.69%
NSC	Norfolk Southern Corp Industrials	Reduced	69,083	-375,164	$19,826,821	−84.5%	1.23%
MSFT	Microsoft Corp Technology	NEW	50,000	NEW	$18,508,500	NEW	1.15%
SORN	Soren Acquisition Corp. Financial Services	NEW	1,850,000	NEW	$18,278,000	NEW	1.13%
NVDA	Nvidia Corp Technology	Reduced	100,000	-125,000	$17,440,000	−58.4%	1.08%
DBC	Invesco DB Commodity Index Tracking Fund	NEW	475,000	NEW	$13,751,249	NEW	0.85%
BTDR	Bitdeer Technologies Group Technology	Added	1,548,024	+674,021	$13,390,407	+36.7%	0.83%
FVAV	Fortress Value Acquisition Corp. V Financial Services	NEW	1,000,000	NEW	$10,030,000	NEW	0.62%
MLAA	Mountain Lake Acquisition Corp. II	NEW	1,000,000	NEW	$9,850,000	NEW	0.61%
OBDC	Blue Owl Capital Corp Financial Services	NEW	886,000	NEW	$9,799,159	NEW	0.61%
CORZ	Core Scientific, Inc./tx Technology	Added	623,000	+23,000	$9,320,080	+6.7%	0.58%
HUT	Hut 8 Corp. Financial Services	NEW	191,400	NEW	$8,978,573	NEW	0.56%
QGEN	Qiagen N.V. Healthcare	NEW	222,060	NEW	$8,891,281	NEW	0.55%
NN	Nextnav Inc. Technology	Added	521,477	+143,349	$8,354,060	+32.8%	0.52%
IRAB	Iris Acquisition Corp II Financial Services	NEW	850,000	NEW	$8,347,000	NEW	0.52%
CIFR	Cipher Digital Inc. Technology	NEW	620,000	NEW	$7,979,400	NEW	0.49%
MUZE	Muzero Acquisition Corp Financial Services	NEW	800,000	NEW	$7,888,000	NEW	0.49%
ARCI	Archimedes Tech SPAC Partners III Co. Financial Services	NEW	800,000	NEW	$7,880,000	NEW	0.49%
IREN	IREN Ltd Financial Services	NEW	225,000	NEW	$7,713,000	NEW	0.48%
KKR	KKR & Co. Inc. Financial Services	NEW	83,300	NEW	$7,705,250	NEW	0.48%
WULF	Terawulf Inc. Financial Services	Added	531,000	+406,000	$7,662,329	+433.5%	0.47%
IHS	IHS Holding Ltd Real Estate	Reduced	901,337	-651,337	$7,418,003	−36.0%	0.46%
ARTC	Art Technology Acquisition Corp.	NEW	750,000	NEW	$7,357,500	NEW	0.46%
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Financial Services	NEW	748,363	NEW	$7,356,408	NEW	0.46%
QRVO	Qorvo, Inc. Technology	NEW	90,046	NEW	$6,969,560	NEW	0.43%
RIOT	Riot Platforms, Inc. Financial Services	Added	522,000	+397,000	$6,451,919	+307.4%	0.40%
GRAF	Graf Global Corp. Financial Services	NEW	600,000	NEW	$6,426,000	NEW	0.40%
AACI	Armada Acquisition Corp. III Financial Services	NEW	650,000	NEW	$6,409,000	NEW	0.40%
SNDK	Sandisk Corp Technology	Reduced	10,000	-29,000	$6,353,400	−31.4%	0.39%
LEGO	Legato Merger Corp. IV Financial Services	NEW	600,000	NEW	$5,946,000	NEW	0.37%
DCH	Dauch Corp Consumer Cyclical	Reduced	1,000,000	-4,237,937	$5,930,000	−82.3%	0.37%
MEVO	M Evo Global Acquisition Corp II Financial Services	NEW	600,000	NEW	$5,910,000	NEW	0.37%
CF	CF Industries Holdings, Inc. Basic Materials	NEW	44,100	NEW	$5,725,944	NEW	0.35%
IHRT	iHeartMedia, Inc. Communication Services	Added	1,874,668	+251,097	$5,474,029	−19.0%	0.34%
MESH	Meshflow Acquisition Corp Financial Services	NEW	550,000	NEW	$5,439,500	NEW	0.34%
HCIC	Hennessy Capital Investment Corp. VIII Financial Services	NEW	515,696	NEW	$5,069,291	NEW	0.31%
EVOX	Evolution Global Acquisition Corp Financial Services	NEW	501,622	NEW	$4,996,155	NEW	0.31%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	Added	500,000	+200,000	$4,985,000	+67.8%	0.31%
SCII	SC II Acquisition Corp. Financial Services	NEW	500,000	NEW	$4,985,000	NEW	0.31%
TLNC	Talon Capital Corp. Financial Services	NEW	487,324	NEW	$4,970,704	NEW	0.31%
SVIV	Spring Valley Acquisition Corp. IV Financial Services	NEW	500,000	NEW	$4,935,000	NEW	0.31%
ADAC	American Drive Acquisition Co Financial Services	NEW	483,091	NEW	$4,782,600	NEW	0.30%