SONA ASSET MANAGEMENT (US) LLC

CIK

1856405

Location

NEW YORK, NY

Portfolio Value

Mid $1,669,312,868

Diversification

Diversified

Filing Date

Global Rank

#1,325 / 8,621 ▲ 115 · as of Mar 2026

Top Industry

Shell Companies 31.5%

3Y Alpha vs SPY

-13.3%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

18 quarters · since Dec 2021

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 SONA ASSET MANAGEMENT (US) LLC's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 52% that is ordinary stock — as little as 19% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+14.7%

SPY

+67.9%

Annualised alpha

-14.2%

Max drawdown

−39.4%

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 52% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

20.8%

−2.1 pts

Top 5

47.9%

−10.2 pts

Top 10

56.7%

−20.0 pts

HHI

680

Diversified−262

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Communication Services	34.7%	$579,102,891	7
Financial Services	31.9%	$532,875,791	154
Utilities	9.4%	$156,552,888	3
Unclassified	8.7%	$145,975,458	8
Technology	8.6%	$142,939,471	20
Energy	2.1%	$35,139,389	5
Industrials	1.8%	$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
ECHO	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
ZKP	Lafayette Digital Acquisition Corp. I	1,675,000	$16,515,500
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-UN	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
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

218 positions · $1,669,312,868 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 218 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ECHO	EchoStar CORP CALL + SHARES Communication Services	Added	2,963,470	+2,658,820	$346,933,431	+947.6%	20.78%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	5,936,209	+4,936,209	$163,008,298	+465.6%	9.76%
AES	Aes Corp Utilities	NEW	11,058,265	NEW	$155,810,953	NEW	9.33%
QQQ	Invesco Qqq Trust, Series 1 CALL	Reduced	135,000	-417,000	$77,919,300	−77.0%	4.67%
KYIV	Kyivstar Group Ltd. Communication Services	Reduced	5,549,679	-421,709	$56,162,751	−27.5%	3.36%
SLAB	Silicon Laboratories Inc. Technology	NEW	175,059	NEW	$36,438,530	NEW	2.18%
BACC	Blue Acquisition Corp/Cayman Financial Services	Reduced	3,342,359	-578,011	$34,125,485	−14.7%	2.04%
IBIT	iShares Bitcoin Trust ETF PUT	Added	750,000	+379,200	$28,815,000	+56.5%	1.73%
TTE	TotalEnergies SE CALL Energy	NEW	300,000	NEW	$27,294,000	NEW	1.64%
NSC	Norfolk Southern Corp Industrials	Reduced	69,083	-375,164	$19,826,821	−84.5%	1.19%
MSFT	Microsoft Corp CALL Technology	NEW	50,000	NEW	$18,508,500	NEW	1.11%
SORN	Soren Acquisition Corp. Financial Services	NEW	1,850,000	NEW	$18,278,000	NEW	1.09%
NVDA	Nvidia Corp CALL Technology	Reduced	100,000	-125,000	$17,440,000	−58.4%	1.04%
ZKP	Lafayette Digital Acquisition Corp. I Financial Services	NEW	1,675,000	NEW	$16,515,500	NEW	0.99%
DBC	Invesco DB Commodity Index Tracking Fund CALL + SHARES	NEW	475,000	NEW	$13,751,249	NEW	0.82%
BTDR	Bitdeer Technologies Group CALL + SHARES Technology	Added	1,548,024	+674,021	$13,390,407	+36.7%	0.80%
FVAV	Fortress Value Acquisition Corp. V Financial Services	NEW	1,000,000	NEW	$10,030,000	NEW	0.60%
MLAA	Mountain Lake Acquisition Corp. II	NEW	1,000,000	NEW	$9,850,000	NEW	0.59%
OBDC	Blue Owl Capital Corp Financial Services	NEW	886,000	NEW	$9,799,159	NEW	0.59%
CORZ	Core Scientific, Inc./tx CALL + SHARES Technology	Added	623,000	+23,000	$9,320,080	+6.7%	0.56%
HUT	Hut 8 Corp. CALL + SHARES Financial Services	NEW	191,400	NEW	$8,978,573	NEW	0.54%
QGEN	Qiagen N.V. Healthcare	NEW	222,060	NEW	$8,891,281	NEW	0.53%
NN	Nextnav Inc. Technology	Added	521,477	+143,349	$8,354,060	+32.8%	0.50%
IRAB	Iris Acquisition Corp II Financial Services	NEW	850,000	NEW	$8,347,000	NEW	0.50%
CIFR	Cipher Digital Inc. CALL + SHARES Technology	NEW	620,000	NEW	$7,979,400	NEW	0.48%
MUZE	Muzero Acquisition Corp Financial Services	NEW	800,000	NEW	$7,888,000	NEW	0.47%
ARCI	Archimedes Tech SPAC Partners III Co. Financial Services	NEW	800,000	NEW	$7,880,000	NEW	0.47%
IREN	IREN Ltd CALL + SHARES Financial Services	NEW	225,000	NEW	$7,713,000	NEW	0.46%
KKR	KKR & Co. Inc. CALL Financial Services	NEW	83,300	NEW	$7,705,250	NEW	0.46%
WULF	Terawulf Inc. Financial Services	Added	531,000	+406,000	$7,662,329	+433.5%	0.46%
IHS	IHS Holding Ltd Real Estate	Reduced	901,337	-651,337	$7,418,003	−36.0%	0.44%
ARTC	Art Technology Acquisition Corp.	NEW	750,000	NEW	$7,357,500	NEW	0.44%
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Financial Services	NEW	748,363	NEW	$7,356,408	NEW	0.44%
QRVO	Qorvo, Inc. Technology	NEW	90,046	NEW	$6,969,560	NEW	0.42%
RIOT	Riot Platforms, Inc. CALL + SHARES Financial Services	Added	522,000	+397,000	$6,451,919	+307.4%	0.39%
GRAF-UN	Graf Global Corp. Financial Services	NEW	600,000	NEW	$6,426,000	NEW	0.38%
AACI	Armada Acquisition Corp. III Financial Services	NEW	650,000	NEW	$6,409,000	NEW	0.38%
SNDK	Sandisk Corp Technology	Reduced	10,000	-29,000	$6,353,400	−31.4%	0.38%
LEGO	Legato Merger Corp. IV Financial Services	NEW	600,000	NEW	$5,946,000	NEW	0.36%
DCH	Dauch Corp CALL Consumer Cyclical	Reduced	1,000,000	-4,237,937	$5,930,000	−82.3%	0.36%
MEVO	M Evo Global Acquisition Corp II Financial Services	NEW	600,000	NEW	$5,910,000	NEW	0.35%
CF	CF Industries Holdings, Inc. CALL Basic Materials	NEW	44,100	NEW	$5,725,944	NEW	0.34%
IHRT	iHeartMedia, Inc. Communication Services	Added	1,874,668	+251,097	$5,474,029	−19.0%	0.33%
MESH	Meshflow Acquisition Corp Financial Services	NEW	550,000	NEW	$5,439,500	NEW	0.33%
HCIC	Hennessy Capital Investment Corp. VIII Financial Services	NEW	515,696	NEW	$5,069,291	NEW	0.30%
EVOX	Evolution Global Acquisition Corp Financial Services	NEW	501,622	NEW	$4,996,155	NEW	0.30%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	Added	500,000	+200,000	$4,985,000	+67.8%	0.30%
SCII	SC II Acquisition Corp. Financial Services	NEW	500,000	NEW	$4,985,000	NEW	0.30%
TLNC	Talon Capital Corp. Financial Services	NEW	487,324	NEW	$4,970,704	NEW	0.30%
SVIV	Spring Valley Acquisition Corp. IV Financial Services	NEW	500,000	NEW	$4,935,000	NEW	0.30%