Lombard Odier Asset Management (USA) Corp
Sector Allocation
- Technology17.6%$19.7M
- Other16.6%$18.6M
- Energy14.9%$16.7M
- Industrials14.9%$16.7M
- Financials9.3%$10.4M
- Consumer Discretionary8.4%$9.4M
- Communication Services6.9%$7.7M
- Materials6.0%$6.7M
- Healthcare2.1%$2.4M
- Consumer Staples1.3%$1.4M
AUM History
13fpro.ai/research/fund/lombard-odier-asset-management-usa-corp-1491719
Conviction and streaks
Concentrating · top 10 = 51.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- RIVIAN$17.8M
KOS
$10.3MUNIT
$6.3MMSTR
$5.5MAAPL
$3.5MNEXN
$3.4MCZR
$3.0MCLF
$2.6MDCH
$2.5MSNX
$2.4MMGM
$2.4MCRGY
$2.3MGOOGL
$1.9MNBR
$1.8MAPG
$1.8MSLB
$1.7MPRM
$1.6MGT
$1.5MCNI
$1.4MNFLX
$1.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/lombard-odier-asset-management-usa-corp-1491719
Lombard Odier Asset Management (USA) Corp 13F holdings — Q2 2026
$726.9M portfolio (-24.1% QoQ) · 142 holdings · Q2 2026 13F · top 10 are 51% of the stock portfolio
Includes $615.0M of put/call options ($360.9M puts, $254.1M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $111.9M. Weights use the stock portfolio.
- 1
RIVIAN AUTOMOTIVE INC - NOTE 4.625% 3/1
$17.8M
15.9% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— $10.3M
9.2% of stocks
No changeThis quarter+12.2%Since filed5 qtrsHeld$6.3M
5.7% of stocks
No changeThis quarter-51.5%Since filed4 qtrsHeld$5.5M
5.0% of stocks
No changeThis quarter+50.3%Since filed6 qtrsHeld$3.5M
3.1% of stocks
-3%This quarter+12.4%Since filed3 qtrsHeld$3.4M
3.1% of stocks
+3%This quarter-17.3%Since filed6 qtrsHeld$3.0M
2.7% of stocks
-37%This quarter-2.5%Since filed10+ qtrsHeld$2.6M
2.4% of stocks
-13%This quarter+12.4%Since filed9 qtrsHeld$2.5M
2.3% of stocks
+1%This quarter-31.5%Since filed10+ qtrsHeld$2.4M
2.2% of stocks
+42%This quarter-3.2%Since filed5 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — Lombard Odier Asset Management (USA) Corp (Q2 2026)
142 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | American Airlines Group Inc. | Industrials | $109.5M | — | 6.06M | — | — | — | 13F | |
| 12 | Apple Inc. | Technology | $55.0M | — | 190K | — | — | — | 13F | |
| 13 | Rivian Automotive, Inc. / DE | Consumer Discretionary | $31.2M | — | 1.80M | -18% | — | — | 13F | |
| 14 | — PUT | ISHARES TR - 20 YR TR BD ETF | — | $30.9M | — | 357K | -14% | — | — | 13F |
| 15 | BRISTOL MYERS SQUIBB CO | Healthcare | $25.9M | — | 450K | — | — | — | 13F | |
| 16 | COMCAST CORP | Communication Services | $25.8M | — | 1.05M | — | — | — | 13F | |
| 17 | GILEAD SCIENCES, INC. | Healthcare | $21.5M | — | 170K | — | — | — | 13F | |
| 18 | Bausch Health Companies Inc. | Healthcare | $19.7M | — | 4.00M | +501% | — | — | 13F | |
| 19 | Merck & Co., Inc. | Healthcare | $16.7M | — | 130K | — | — | — | 13F | |
| 20 | PFIZER INC | Healthcare | $15.9M | — | 660K | — | — | — | 13F | |
| 21 | BANK OF AMERICA CORP /DE/ | Financials | $14.8M | — | 260K | +30% | — | — | 13F | |
| 22 | FORD MOTOR CO | Consumer Discretionary | $13.9M | — | 1.00M | New | — | — | 13F | |
| 23 | SIMON PROPERTY GROUP INC. | Real Estate | $13.4M | — | 60K | — | — | — | 13F | |
| 24 | METLIFE INC | Financials | $12.7M | — | 150K | — | — | — | 13F | |
| 25 | CISCO SYSTEMS, INC. | Technology | $11.7M | — | 100K | — | — | — | 13F | |
| 26 | $KMI CALL | KINDER MORGAN, INC. | Energy | $11.5M | — | 360K | — | |||
| 27 | $NCLH CALL | Norwegian Cruise Line Holdings Ltd. | Industrials | $8.4M | — | 400K | — | |||
| 28 | $TGT CALL | TARGET CORP | Consumer Staples | $7.8M | — | 60K | — | |||
| 29 | $GILD PUT | GILEAD SCIENCES, INC. | Healthcare | $7.6M | — | 60K | — | |||
| 30 | $BMY PUT | BRISTOL MYERS SQUIBB CO | Healthcare | $7.2M | — | 125K | — | |||
| 31 | $OGN CALL | Organon & Co. | Healthcare | $7.1M | — | 525K | New | |||
| 32 | $MRK PUT | Merck & Co., Inc. | Healthcare | $7.1M | — | 55K | — | |||
| 33 | $COMP CALL | Compass, Inc. | Real Estate | $7.1M | — | 572K | — | |||
| 34 | $BAC CALL | BANK OF AMERICA CORP /DE/ | Financials | $6.8M | — | 120K | New | |||
| 35 | $DIS CALL | Walt Disney Co | Communication Services | $6.7M | — | 70K | — | |||
| 36 | $CAG CALL | CONAGRA BRANDS INC. | Consumer Staples | $6.7M | — | 500K | — | |||
| 37 | $PGY PUT | Pagaya Technologies Ltd. | Financials | $6.6M | — | 360K | — | |||
| 38 | $VZ PUT | VERIZON COMMUNICATIONS INC | Communication Services | $6.4M | — | 150K | -25% | |||
| 39 | $FCX CALL | FREEPORT-MCMORAN INC | Materials | $6.3M | — | 100K | — | |||
| 40 | $FDX CALL | FEDEX CORP | Industrials | $6.3M | — | 20K | — | |||
| 41 | $RIVN CALL | Rivian Automotive, Inc. / DE | Consumer Discretionary | $6.1M | — | 350K | — | |||
| 42 | $PFH PUT | PRUDENTIAL FINANCIAL INC | Financials | $5.4M | — | 50K | — | |||
| 43 | $UPS CALL | UNITED PARCEL SERVICE INC | Industrials | $5.4M | — | 50K | — | |||
| 44 | $HLF CALL | HERBALIFE LTD. | Consumer Staples | $5.3M | — | 403K | — | |||
| 45 | $HTZ PUT | HERTZ GLOBAL HOLDINGS, INC | Consumer Discretionary | $5.2M | — | 2.30M | — | |||
| 46 | $CZR CALL | Caesars Entertainment, Inc. | Consumer Discretionary | $4.6M | — | 152K | +15% | |||
| 47 | $MET PUT | METLIFE INC | Financials | $4.2M | — | 50K | — | |||
| 48 | $TGT PUT | TARGET CORP | Consumer Staples | $3.9M | — | 30K | — | |||
| 49 | $KMI PUT | KINDER MORGAN, INC. | Energy | $3.8M | — | 120K | — | |||
| 50 | $DIS PUT | Walt Disney Co | Communication Services | $3.6M | — | 38K | — | |||
| 51 | $KSS PUT | KOHLS Corp | Consumer Discretionary | $3.2M | — | 180K | — | |||
| 52 | $FCX PUT | FREEPORT-MCMORAN INC | Materials | $3.1M | — | 50K | — | |||
| 53 | $MSFT CALL | MICROSOFT CORP | Technology | $2.6M | — | 7,000 | — | |||
| 54 | $IBM PUT | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $2.4M | — | 8,700 | -50% | |||
| 55 | $MGM CALL | MGM Resorts International | Consumer Discretionary | $2.4M | — | 50K | — | |||
| 56 | $MGM | MGM Resorts International | Consumer Discretionary | $2.4M | 2.1% | 50K | -26% | |||
| 57 | $CSCO PUT | CISCO SYSTEMS, INC. | Technology | $2.3M | — | 20K | — | |||
| 58 | $MPT PUT | MEDICAL PROPERTIES TRUST INC | Real Estate | $2.3M | — | 500K | — | |||
| 59 | $CRGY | Crescent Energy Co | Energy | $2.3M | 2.1% | 235K | +170% | |||
| 60 | $ADM PUT | Archer-Daniels-Midland Co | Consumer Staples | $2.3M | — | 30K | — | |||
| 61 | $CAR PUT | AVIS BUDGET GROUP, INC. | Consumer Discretionary | $2.2M | — | 15K | -94% | |||
| 62 | $MSTR CALL | Strategy Inc | Financials | $2.2M | — | 25K | — | |||
| 63 | $GOOGL | Alphabet Inc. | Technology | $1.9M | 1.7% | 5,425 | -45% | |||
| 64 | $QCOM CALL | QUALCOMM INC/DE | Technology | $1.8M | — | 10K | -29% | |||
| 65 | $NBR | NABORS INDUSTRIES LTD | Energy | $1.8M | 1.6% | 22K | -31% | |||
| 66 | $APG | APi Group Corp | Industrials | $1.8M | 1.6% | 42K | +6% | |||
| 67 | $SLB | SLB LIMITED/NV | Energy | $1.7M | 1.5% | 36K | — | |||
| 68 | $PRM | Perimeter Solutions, Inc. | Healthcare | $1.6M | 1.4% | 44K | +46% | |||
| 69 | $GT | GOODYEAR TIRE & RUBBER CO /OH/ | Materials | $1.5M | 1.4% | 229K | +1% | |||
| 70 | $KOS CALL | Kosmos Energy Ltd. | Energy | $1.5M | — | 700K | — | |||
| 71 | $CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | $1.4M | 1.3% | 12K | -13% | |||
| 72 | $NFLX CALL | NETFLIX INC | Communication Services | $1.4M | — | 19K | — | |||
| 73 | $NFLX | NETFLIX INC | Communication Services | $1.4M | 1.2% | 19K | — | |||
| 74 | $CLF PUT | CLEVELAND-CLIFFS INC. | Materials | $1.3M | — | 140K | — | |||
| 75 | $NBR PUT | NABORS INDUSTRIES LTD | Energy | $1.3M | — | 15K | +3% | |||
| 76 | $MU | MICRON TECHNOLOGY INC | Technology | $1.2M | 1.1% | 1,064 | New | |||
| 77 | $FDX | FEDEX CORP | Industrials | $1.2M | 1.1% | 3,916 | -12% | |||
| 78 | $TLN | Talen Energy Corp | Utilities | $1.2M | 1.1% | 3,184 | -13% | |||
| 79 | $KNX | Knight-Swift Transportation Holdings Inc. | Industrials | $1.2M | 1.1% | 15K | New | |||
| 80 | $MA | Mastercard Inc | Financials | $1.1M | 1.0% | 2,143 | New | |||
| 81 | $XRX | Xerox Holdings Corp | Technology | $1.1M | 1.0% | 350K | — | |||
| 82 | $XRX PUT | Xerox Holdings Corp | Technology | $1.1M | — | 350K | — | |||
| 83 | $AJG | Arthur J. Gallagher & Co. | Financials | $1.1M | 1.0% | 4,737 | New | |||
| 84 | $HPE | Hewlett Packard Enterprise Co | Technology | $974K | 0.9% | 22K | New | |||
| 85 | $CASY | CASEYS GENERAL STORES INC | Consumer Discretionary | $973K | 0.9% | 1,224 | -64% | |||
| 86 | $ORLY | O REILLY AUTOMOTIVE INC | Consumer Discretionary | $964K | 0.9% | 10K | -54% | |||
| 87 | $BABA CALL | Alibaba Group Holding Ltd | Consumer Discretionary | $960K | — | 10K | — | |||
| 88 | $AER | AerCap Holdings N.V. | Industrials | $950K | 0.8% | 6,517 | -38% | |||
| 89 | $SLB PUT | SLB LIMITED/NV | Energy | $930K | — | 20K | — | |||
| 90 | $GLW | CORNING INC /NY | Materials | $882K | 0.8% | 3,452 | New | |||
| 91 | $AMRZ | Amrize Ltd | Materials | $863K | 0.8% | 16K | -20% | |||
| 92 | $DLR | DIGITAL REALTY TRUST, INC. | Real Estate | $845K | 0.8% | 4,704 | New | |||
| 93 | $JBHT | HUNT J B TRANSPORT SERVICES INC | Industrials | $841K | 0.8% | 2,907 | New | |||
| 94 | $RBC | RBC Bearings INC | Industrials | $788K | 0.7% | 1,223 | -54% | |||
| 95 | — | ISHARES INC - MSCI STH KOR ETF | — | $771K | 0.7% | 3,819 | New | |||
| 96 | $HEI | HEICO CORP | Industrials | $764K | 0.7% | 2,145 | -40% | |||
| 97 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $762K | 0.7% | 3,800 | +36% | |||
| 98 | $SLB CALL | SLB LIMITED/NV | Energy | $744K | — | 16K | — | |||
| 99 | $SNDK | Sandisk Corp | Technology | $741K | 0.7% | 326 | New | |||
| 100 | $AME | AMETEK INC/ | Industrials | $733K | 0.7% | 3,031 | New | |||
| 101 | $FDXF | FedEx Freight Holding Company, Inc. | Industrials | $716K | 0.6% | 4,745 | New | |||
| 102 | $NVDA | NVIDIA CORP | Technology | $710K | 0.6% | 3,546 | -35% | |||
| 103 | $CSX | CSX CORP | Industrials | $708K | 0.6% | 15K | -12% | |||
| 104 | $HUBG | Hub Group, Inc. | Industrials | $697K | 0.6% | 16K | New | |||
| 105 | $V | VISA INC. | Financials | $686K | 0.6% | 2,000 | -9% | |||
| 106 | $OGN PUT | Organon & Co. | Healthcare | $677K | — | 50K | -74% | |||
| 107 | $GT PUT | GOODYEAR TIRE & RUBBER CO /OH/ | Materials | $660K | — | 100K | — | |||
| 108 | $CLF CALL | CLEVELAND-CLIFFS INC. | Materials | $657K | — | 70K | — | |||
| 109 | $CLMT | Calumet, Inc. /DE | Energy | $644K | 0.6% | 18K | -70% | |||
| 110 | $IBKR | Interactive Brokers Group, Inc. | Financials | $634K | 0.6% | 7,283 | +108% | |||
| 111 | $EMN | EASTMAN CHEMICAL CO | Materials | $575K | 0.5% | 8,585 | -12% | |||
| 112 | $COR | Cencora, Inc. | Consumer Staples | $568K | 0.5% | 2,008 | -52% | |||
| 113 | $SAIA | SAIA INC | Industrials | $567K | 0.5% | 1,347 | New | |||
| 114 | $MCK | MCKESSON CORP | Consumer Staples | $567K | 0.5% | 750 | -69% | |||
| 115 | $ROST | ROSS STORES, INC. | Consumer Discretionary | $554K | 0.5% | 2,601 | -43% | |||
| 116 | $APO | Apollo Global Management, Inc. | Financials | $544K | 0.5% | 4,600 | New | |||
| 117 | $DCH PUT | Dauch Corp | Industrials | $542K | — | 100K | — | |||
| 118 | $ACM | AECOM | Technology | $538K | 0.5% | 7,704 | -22% | |||
| 119 | $UBER | Uber Technologies, Inc | Technology | $505K | 0.5% | 7,000 | -29% | |||
| 120 | $ANAB | ANAPTYSBIO, INC | Healthcare | $500K | 0.5% | 7,400 | New | |||
| 121 | $APTV | Aptiv PLC | Industrials | $480K | 0.4% | 7,816 | -13% | |||
| 122 | $MGM PUT | MGM Resorts International | Consumer Discretionary | $478K | — | 10K | New | |||
| 123 | $HTZ | HERTZ GLOBAL HOLDINGS, INC | Consumer Discretionary | $465K | 0.4% | 205K | +2% | |||
| 124 | $WWD | Woodward, Inc. | Technology | $456K | 0.4% | 1,072 | -37% | |||
| 125 | $ASML | ASML HOLDING NV | Technology | $444K | 0.4% | 223 | New | |||
| 126 | $INTC | INTEL CORP | Technology | $438K | 0.4% | 3,135 | New | |||
| 127 | $EXPE | Expedia Group, Inc. | Consumer Discretionary | $409K | 0.4% | 1,600 | New | |||
| 128 | $AMD | ADVANCED MICRO DEVICES INC | Technology | $393K | 0.3% | 676 | New | |||
| 129 | $SGI | SOMNIGROUP INTERNATIONAL INC. | Consumer Discretionary | $392K | 0.3% | 5,000 | New | |||
| 130 | $ETN | Eaton Corp plc | Industrials | $355K | 0.3% | 834 | New | |||
| 131 | $FIX | COMFORT SYSTEMS USA INC | Industrials | $327K | 0.3% | 165 | New | |||
| 132 | $AVGO | Broadcom Inc. | Technology | $325K | 0.3% | 861 | New | |||
| 133 | $WDC | WESTERN DIGITAL CORP | Technology | $312K | 0.3% | 489 | New | |||
| 134 | $GLNG | GOLAR LNG LTD | Industrials | $299K | 0.3% | 6,000 | -79% | |||
| 135 | $CYH | COMMUNITY HEALTH SYSTEMS INC | Healthcare | $297K | 0.3% | 89K | -12% | |||
| 136 | $FCFS | FirstCash Holdings, Inc. | Consumer Discretionary | $281K | 0.3% | 1,297 | New | |||
| 137 | $PFGC | Performance Food Group Co | Consumer Staples | $279K | 0.3% | 2,500 | -24% | |||
| 138 | $DAN | DANA Inc | Industrials | $268K | 0.2% | 9,845 | New | |||
| 139 | $LINE | Lineage, Inc. | Real Estate | $260K | 0.2% | 6,000 | -25% | |||
| 140 | $UUUU | ENERGY FUELS INC | Materials | $259K | 0.2% | 18K | New | |||
| 141 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $239K | 0.2% | 500 | -67% | |||
| 142 | $HTZ CALL | HERTZ GLOBAL HOLDINGS, INC | Consumer Discretionary | $113K | — | 50K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 33 new, 14 added to, 39 trimmed, 154 sold out. Share-count changes; largest moves by dollar size first.
New positions (33)
$FPUTFORD MOTOR CO$13.9M
first bought this quarter
$OGNCALLOrganon & Co.$7.1M
first bought this quarter
$BACCALLBANK OF AMERICA CORP /DE/$6.8M
first bought this quarter
$MUMICRON TECHNOLOGY INC$1.2M
first bought this quarter
$KNXKnight-Swift Transportation Holdings Inc.$1.2M
first bought this quarter
$MAMastercard Inc$1.1M
first bought this quarter
+27 more in the Excel export
Added to (14)
$BHCPUTBausch Health Companies Inc.+501%
now $19.7M
now $14.8M
now $2.3M · held 3 qtrs
now $2.4M · held 5 qtrs, 2 adds in a row
now $4.6M
now $1.6M · held 6 qtrs
+8 more in the Excel export
Trimmed (39)
$CARPUTAVIS BUDGET GROUP, INC.-94%
now $2.2M
$RIVNPUTRivian Automotive, Inc. / DE-18%
now $31.2M
- PUTISHARES TR - 20 YR TR BD ETF-14%
now $30.9M
$IBMPUTINTERNATIONAL BUSINESS MACHINES CORP-50%
now $2.4M
$VZPUTVERIZON COMMUNICATIONS INC-25%
now $6.4M
now $677K
+33 more in the Excel export
Holdings by quarter
Every 13F Lombard Odier Asset Management (USA) Corp has filed, 38 earlier quarters. Pick one to see what it held then.
Is it too late to follow Lombard Odier Asset Management (USA)?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Lombard Odier Asset Management (USA)'s top 20 holdings: 55/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)
Top 10 since filing
-2.0%
Value-weighted move of the 10 largest stock positions
Turnover
14%
Last quarter; 80% over the last 4
Top 10 weight
51%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
68%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Lombard Odier Asset Management (USA) Corp disclosed 142 positions worth $726.9M in its Form 13F-HR for Q2 2026 — $111.9M in common stock plus $615.0M of put/call option positions (reported at underlying notional value, not premium at risk), followed by $KOS and $UNIT. During the quarter the fund opened 33 new positions and exited 154 — including a new stake in $F and a full exit from $SPY. The portfolio is most concentrated in Technology (17.6% of disclosed assets). All figures are sourced directly from Lombard Odier Asset Management (USA) Corp’s Form 13F-HR filing with the SEC under CIK 1491719.
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AI-Powered Hedge Fund Analysis: Lombard Odier Asset Management (USA) Corp
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