Marathon Trading Investment Management Llc
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$3.67B
Q ending 2026-03-31
Prior quarter
$4.41B
Q ending 2025-12-31
Change
-16.8% QoQ · +393.1% YoY
Positions
294
reported holdings
Largest positions
Top 100 of 294 reported positions by value, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Ishares Silver Tr | Call | $983.7M | 14.4M | |
| Ishares Silver Tr | Put | $686.6M | 10.1M | |
| State Str Spdr S&P 500 Etf T | Put | $357.7M | 550K | |
| State Str Spdr S&P 500 Etf T | Call | $284.4M | 437K | |
| Spdr Gold Tr | Put | $216.4M | 503K | |
| Ishares Bitcoin Trust Etf | Put | $129.1M | 3.4M | |
| Spdr Gold Tr | Call | $128.5M | 299K | |
| Tesla Inc | Call | $121.0M | 325K | |
| Microsoft Corp | MSFT | Shares | $76.1M | 206K |
| Microsoft Corp | Put | $74.3M | 201K | |
| Ishares Bitcoin Trust Etf | Call | $42.3M | 1.1M | |
| Spdr Gold Tr | GLD | Shares | $32.3M | 75K |
| Nvidia Corporation | Put | $26.1M | 150K | |
| Invesco Qqq Tr | Put | $25.3M | 44K | |
| Tesla Inc | TSLA | Shares | $23.2M | 62K |
| State Str Spdr S&P 500 Etf T | SPY | Shares | $20.6M | 32K |
| Bloom Energy Corp | BE | Shares | $20.4M | 150K |
| Strategy Inc | Put | $16.2M | 130K | |
| Broadcom Inc | Put | $16.2M | 52K | |
| Broadcom Inc | AVGO | Shares | $15.9M | 51K |
| Pdd Holdings Inc | Put | $15.1M | 148K | |
| Strategy Inc | MSTR | Shares | $14.0M | 112K |
| Alibaba Group Hldg Ltd | BABA | Shares | $13.5M | 107K |
| Palantir Technologies Inc | Put | $11.9M | 82K | |
| Vaneck Etf Trust | Put | $11.3M | 119K | |
| Nvidia Corporation | NVDA | Shares | $11.2M | 64K |
| Alibaba Group Hldg Ltd | Put | $10.7M | 85K | |
| Pagaya Technologies Ltd | Put | $10.2M | 876K | |
| Invesco Qqq Tr | Call | $9.7M | 17K | |
| Warner Bros Discovery Inc | Put | $9.4M | 343K | |
| Vaneck Etf Trust | GDX | Shares | $9.4M | 102K |
| Ishares Bitcoin Trust Etf | IBIT | Shares | $8.9M | 232K |
| Alibaba Group Hldg Ltd | Call | $8.4M | 67K | |
| Ishares Inc | Call | $7.7M | 200K | |
| Kraneshares Trust | Call | $7.4M | 262K | |
| Oracle Corp | Put | $7.4M | 50K | |
| Versant Media Group Inc | VSNT | Shares | $7.1M | 193K |
| Ishares Tr | Call | $7.0M | 80K | |
| Jd.Com Inc | Put | $6.9M | 235K | |
| Warner Bros Discovery Inc | Call | $6.9M | 253K | |
| Oracle Corp | ORCL | Shares | $6.9M | 47K |
| Mara Holdings Inc | Put | $6.3M | 775K | |
| Mara Holdings Inc | MARA | Shares | $6.0M | 730K |
| Pdd Holdings Inc | Call | $5.8M | 57K | |
| Coinbase Global Inc | Put | $5.8M | 33K | |
| Strategy Inc | Call | $5.3M | 43K | |
| Microsoft Corp | Call | $4.7M | 13K | |
| Rivian Automotive Inc | Put | $4.5M | 302K | |
| Boeing Co | BA | Shares | $4.3M | 22K |
| Ishares Ethereum Tr | Call | $3.9M | 247K | |
| Jd.Com Inc | JD | Shares | $3.8M | 130K |
| Sharplink Inc | SBET | Shares | $3.4M | 523K |
| Pdd Holdings Inc | PDD | Shares | $3.1M | 31K |
| Jd.Com Inc | Call | $3.0M | 100K | |
| Bank America Corp | BAC 7.25 PERP L | Shares | $2.9M | 2K |
| Nvidia Corporation | Call | $2.8M | 16K | |
| Circle Internet Group Inc | Put | $2.7M | 29K | |
| Unitedhealth Group Inc | UNH | Shares | $2.7M | 10K |
| Rivian Automotive Inc | RIVN | Shares | $2.7M | 178K |
| Ishares Tr | EUFN | Shares | $2.6M | 74K |
| Sealsq Corp | Call | $2.3M | 882K | |
| Meta Platforms Inc | Call | $2.3M | 4K | |
| Applied Digital Corp | APLD | Shares | $2.3M | 96K |
| Trump Media & Technology Gro | Put | $2.1M | 225K | |
| Kraneshares Trust | Put | $1.8M | 62K | |
| United Sts Oil Fd Lp | Call | $1.7M | 14K | |
| Core Scientific Inc New | Put | $1.7M | 114K | |
| Moderna Inc | Put | $1.7M | 34K | |
| Ishares Ethereum Tr | Put | $1.7M | 107K | |
| Advanced Micro Devices Inc | Call | $1.6M | 8K | |
| Circle Internet Group Inc | CRCL | Shares | $1.6M | 17K |
| Opendoor Technologies Inc | OPEN | Shares | $1.6M | 341K |
| Paypal Hldgs Inc | Put | $1.6M | 35K | |
| United Sts Oil Fd Lp | USO | Shares | $1.6M | 12K |
| Intel Corp | Put | $1.6M | 36K | |
| Core Scientific Inc New | Call | $1.5M | 103K | |
| Beyond Meat Inc | BYND | Shares | $1.4M | 2.1M |
| Spdr Series Trust | KRE | Shares | $1.4M | 22K |
| Trump Media & Technology Gro | DJT | Shares | $1.4M | 152K |
| Kraneshares Trust | KWEB | Shares | $1.4M | 48K |
| Intel Corp | INTC | Shares | $1.3M | 30K |
| Intel Corp | Call | $1.3M | 30K | |
| Advanced Micro Devices Inc | Put | $1.3M | 6K | |
| United Sts Oil Fd Lp | Put | $1.3M | 10K | |
| Arm Holdings Plc | Call | $1.3M | 8K | |
| Amazon Com Inc | Call | $1.2M | 6K | |
| Coinbase Global Inc | COIN | Shares | $1.2M | 7K |
| Dht Holdings Inc | Call | $1.1M | 62K | |
| Salesforce Inc | Call | $1.1M | 6K | |
| Paypal Hldgs Inc | PYPL | Shares | $1.0M | 22K |
| Gamestop Corp | Call | $958K | 42K | |
| Ishares Inc | Call | $935K | 8K | |
| Ishares Inc | Put | $935K | 8K | |
| Tesla Inc | Put | $929K | 3K | |
| Enovix Corporation | ENVX | Shares | $907K | 175K |
| Micron Technology Inc | Call | $878K | 3K | |
| Ishares Tr | Put | $876K | 10K | |
| Core Scientific Inc New | CORZ | Shares | $838K | 56K |
| Amazon Com Inc | AMZN | Shares | $821K | 4K |
| Ishares Silver Tr | SLV | Shares | $818K | 12K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.