Marathon Trading Investment Management LLC
13F Reported Value
ⓘ$3.2B
incl. option notional
Equity Holdings
ⓘ$877.1M
Option Notional
ⓘ$2.3B
$1.6B puts / $797.2M calls
Holdings
278
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Marathon Trading Investment Management LLC disclosed 278 positions worth $3.2B in its Form 13F-HR for Q2 2026 — $877.1M in common stock plus $2.3B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SLV (iShares Silver Trust) calls, followed by $NVDA and $NVDA. During the quarter the fund opened 69 new positions and exited 83 — including a new stake in $GOOG and a full exit from $ORCL. The portfolio is most concentrated in Technology (65.0% of disclosed assets). All figures are sourced directly from Marathon Trading Investment Management LLC’s Form 13F-HR filing with the SEC under CIK 1572748.
AI Fund Analysis
Concentrating
$NVDA
$GOOG
$TSM
$META
$AMZN
$BE
$USOSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- —
Quality
$357.0M6,677,000 sh - 85.9#5
Quality
$217.2M1,085,600 sh - 85.9#5
Quality
$196.9M983,993 sh - —
Quality
$186.3M505,800 sh - —
Quality
$153.1M2,862,500 sh - —
Quality
$133.8M179,200 sh - 53.9
Quality
$126.5M300,827 sh - $125.3M170,100 sh
- —
Quality
$102.1M277,200 sh - 53.9
Quality
$96.4M229,300 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 iShares Silver Trust$SLVCALL | — | $357.0M | 6,677,000 |
| NVIDIA CORP$NVDAPUT | 85.9#5 | $217.2M | 1,085,600 |
| NVIDIA CORP$NVDA | 85.9#5 | $196.9M | 983,993 |
 SPDR GOLD TRUST$GLDPUT | — | $186.3M | 505,800 |
| iShares Silver Trust$SLVPUT | — | $153.1M | 2,862,500 |
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $133.8M | 179,200 |
 Tesla, Inc.$TSLA | 53.9 | $126.5M | 300,827 |
 INVESCO QQQ TRUST, SERIES 1$QQQPUT | — | $125.3M | 170,100 |
| SPDR GOLD TRUST$GLDCALL | — | $102.1M | 277,200 |
| Tesla, Inc.$TSLACALL | 53.9 | $96.4M | 229,300 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Marathon Trading Investment Management LLC's 278 positions.
Showing top 10 of 278 holdings.
Sector Allocation
Technology
$569.9M
Industrials
$130.8M
Other
$72.1M
Consumer Discretionary
$58.7M
Financials
$30.6M
Communication Services
$8.1M
Utilities
$2.2M
Healthcare
$2.1M
Top Holdings — Marathon Trading Investment Management LLC (Q2 2026)
Top 150 of 278 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SLVCALL | iShares Silver Trust | $357.0M | — | -54% | — |
| 2 | $NVDAPUT | NVIDIA CORP | $217.2M | — | +626% | 85.9 |
| 3 | $NVDA | NVIDIA CORP | $196.9M | 22.4% | +1427% | 85.9 |
| 4 | $GLDPUT | SPDR GOLD TRUST | $186.3M | — | +1% | — |
| 5 | $SLVPUT | iShares Silver Trust | $153.1M | — | -72% | — |
| 6 | $SPYPUT | SPDR S&P 500 ETF TRUST | $133.8M | — | -67% | — |
| 7 | $TSLA | Tesla, Inc. | $126.5M | 14.4% | +381% | 53.9 |
| 8 | $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $125.3M | — | +288% | — |
| 9 | $GLDCALL | SPDR GOLD TRUST | $102.1M | — | -7% | — |
| 10 | $TSLACALL | Tesla, Inc. | $96.4M | — | -30% | 53.9 |
| 11 | — | VANECK ETF TRUST - Option | $89.8M | — | +169% | — |
| 12 | $GOOG | Alphabet Inc. | $83.1M | 9.5% | NEW | 78.2 |
| 13 | $GOOGPUT | Alphabet Inc. | $82.2M | — | NEW | 78.2 |
| 14 | $TSMPUT | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $75.0M | — | NEW | — |
| 15 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $71.8M | 8.2% | NEW | — |
| 16 |  $IBITPUT | iShares Bitcoin Trust ETF | $71.4M | — | -36% | — |
| 17 | $META | Meta Platforms, Inc. | $68.2M | 7.8% | NEW | 79.6 |
| 18 | $METAPUT | Meta Platforms, Inc. | $67.6M | — | NEW | 79.6 |
| 19 | $TSLAPUT | Tesla, Inc. | $65.2M | — | +6100% | 53.9 |
| 20 | $AMZN | AMAZON COM INC | $53.1M | 6.1% | +5557% | 68.7 |
| 21 | $AMZNPUT | AMAZON COM INC | $52.4M | — | +7233% | 68.7 |
| 22 | $BE | Bloom Energy Corp | $46.9M | 5.3% | +3% | 66.2 |
| 23 |  $MUPUT | MICRON TECHNOLOGY INC | $45.4M | — | +1865% | 86.2 |
| 24 | $SPY | SPDR S&P 500 ETF TRUST | $43.0M | 4.9% | +81% | — |
| 25 | $IBITCALL | iShares Bitcoin Trust ETF | $42.7M | — | +17% | — |
| 26 |  $MSFTPUT | MICROSOFT CORP | $41.8M | — | -44% | 79.8 |
| 27 | $MSFT | MICROSOFT CORP | $41.8M | 4.8% | -46% | 79.8 |
| 28 | $SPYCALL | SPDR S&P 500 ETF TRUST | $41.7M | — | -87% | — |
| 29 | — | SPACE EXPLORATION TECHN CORP - Option | $25.5M | — | NEW | — |
| 30 | — | VANECK ETF TRUST - Option | $20.7M | — | NEW | — |
| 31 | $MU | MICRON TECHNOLOGY INC | $20.1M | 2.3% | +2966% | 86.2 |
| 32 |  $PGYPUT | Pagaya Technologies Ltd. | $16.0M | — | +0% | — |
| 33 |  $AAPLPUT | Apple Inc. | $15.9M | — | NEW | 76.4 |
| 34 | $AAPL | Apple Inc. | $15.7M | 1.8% | +4739% | 76.4 |
| 35 | — | VANECK ETF TRUST - Common Stock | $15.3M | 1.7% | +98% | — |
| 36 |  $NBISPUT | Nebius Group N.V. | $12.1M | — | NEW | — |
| 37 | $MSFTCALL | MICROSOFT CORP | $11.6M | — | +144% | 79.8 |
| 38 | — | SPACE EXPLORATION TECHN CORP - Option | $10.4M | — | NEW | — |
| 39 | — | ISHARES TR - Option | $10.1M | — | +1056% | — |
| 40 | — | ISHARES INC - Option | $9.3M | — | NEW | — |
| 41 |  $IRENPUT | IREN Ltd | $8.0M | — | +1129% | 46.3 |
| 42 |  $WBDPUT | Warner Bros. Discovery, Inc. | $7.5M | — | -18% | 41.4 |
| 43 | $GLD | SPDR GOLD TRUST | $7.0M | 0.8% | -75% | — |
| 44 | — | ISHARES INC - Option | $6.9M | — | +0% | — |
| 45 |  $PDDCALL | PDD Holdings Inc. | $6.5M | — | +51% | — |
| 46 | $IRENCALL | IREN Ltd | $6.4M | — | +914% | 46.3 |
| 47 | $PDDPUT | PDD Holdings Inc. | $6.3M | — | -44% | — |
| 48 |  $UNHCALL | UNITEDHEALTH GROUP INC | $6.2M | — | +900% | 62.7 |
| 49 |  $JDPUT | JD.com, Inc. | $5.6M | — | -6% | — |
| 50 | — | KRANESHARES TRUST - Option | $4.8M | — | -25% | — |
| 51 |  $MSTRPUT | Strategy Inc | $4.8M | — | -58% | 17.9 |
| 52 | — | ISHARES TR - Option | $4.8M | — | NEW | — |
| 53 | $MSTR | Strategy Inc | $4.7M | 0.5% | -52% | 17.9 |
| 54 | $NBIS | Nebius Group N.V. | $4.6M | 0.5% | NEW | — |
| 55 |  $WOLFCALL | WOLFSPEED, INC. | $4.6M | — | +102% | 22.8 |
| 56 | $USO | United States Oil Fund, LP | $4.6M | 0.5% | +244% | — |
| 57 |  $SNDKPUT | Sandisk Corp | $4.5M | — | NEW | 87.7 |
| 58 |  $AMDPUT | ADVANCED MICRO DEVICES INC | $4.5M | — | +24% | 79.8 |
| 59 | $IBIT | iShares Bitcoin Trust ETF | $4.1M | 0.5% | -46% | — |
| 60 | $NBISCALL | Nebius Group N.V. | $3.9M | — | NEW | — |
| 61 | $BEPUT | Bloom Energy Corp | $3.8M | — | +150% | 66.2 |
| 62 |  $APLD | Applied Digital Corp. | $3.6M | 0.4% | +2% | 35.8 |
| 63 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | $3.6M | 0.4% | +467% | — |
| 64 | $MSTRCALL | Strategy Inc | $3.5M | — | -7% | 17.9 |
| 65 |  $MRVLPUT | Marvell Technology, Inc. | $3.4M | — | NEW | 76.5 |
| 66 |  $VSNT | Versant Media Group, Inc. | $3.3M | 0.4% | -53% | 61 |
| 67 |  $BABAPUT | Alibaba Group Holding Ltd | $3.1M | — | -62% | — |
| 68 |  $BAC | BANK OF AMERICA CORP /DE/ | $3.1M | 0.3% | +0% | 67.6 |
| 69 |  $CORZCALL | Core Scientific, Inc./tx | $3.0M | — | +14% | 14.1 |
| 70 |  $PLTRPUT | Palantir Technologies Inc. | $3.0M | — | -69% | 84.6 |
| 71 |  $ETHACALL | iShares Ethereum Trust ETF | $3.0M | — | +1% | — |
| 72 | $BABACALL | Alibaba Group Holding Ltd | $2.9M | — | -55% | — |
| 73 |  $INTCCALL | INTEL CORP | $2.9M | — | -32% | 45.6 |
| 74 |  $SMCIPUT | Super Micro Computer, Inc. | $2.6M | — | NEW | 62 |
| 75 | — | ISHARES TR - Common Stock | $2.6M | 0.3% | +882% | — |
| 76 | $WBDCALL | Warner Bros. Discovery, Inc. | $2.5M | — | -62% | 41.4 |
| 77 |  $CCZCALL | COMCAST CORP | $2.5M | — | NEW | 59.5 |
| 78 | — | KRANESHARES TRUST - Option | $2.4M | — | +61% | — |
| 79 |  $NFLX | NETFLIX INC | $2.4M | 0.3% | +798% | 78.8 |
| 80 | $QQQCALL | INVESCO QQQ TRUST, SERIES 1 | $2.3M | — | -82% | — |
| 81 | $NVDACALL | NVIDIA CORP | $2.2M | — | -30% | 85.9 |
| 82 |  $OKLO | Oklo Inc. | $2.2M | 0.3% | NEW | — |
| 83 | $JD | JD.com, Inc. | $2.2M | 0.3% | -34% | — |
| 84 |  $RIVNPUT | Rivian Automotive, Inc. / DE | $2.2M | — | -59% | 35.9 |
| 85 | $MUCALL | MICRON TECHNOLOGY INC | $2.1M | — | -31% | 86.2 |
| 86 |  $NKEPUT | NIKE, Inc. | $2.1M | — | NEW | 49.3 |
| 87 | $PLTR | Palantir Technologies Inc. | $1.9M | 0.2% | +2083% | 84.6 |
| 88 |  $QCOMPUT | QUALCOMM INC/DE | $1.8M | — | NEW | 70.5 |
| 89 |  $DJTPUT | Trump Media & Technology Group Corp. | $1.7M | — | +0% | 31 |
| 90 | $IREN | IREN Ltd | $1.7M | 0.2% | +4009% | 46.3 |
| 91 |  $LLYCALL | ELI LILLY & Co | $1.7M | — | NEW | 87.5 |
| 92 |  $BYNDCALL | BEYOND MEAT, INC. | $1.6M | — | +141% | 38.4 |
| 93 |  $OPEN | Opendoor Technologies Inc. | $1.6M | 0.2% | -0% | 22.5 |
| 94 |  $CRMPUT | Salesforce, Inc. | $1.6M | — | NEW | 77 |
| 95 | $WOLFPUT | WOLFSPEED, INC. | $1.5M | — | NEW | 22.8 |
| 96 | — | ISHARES INC - Common Stock | $1.5M | 0.2% | NEW | — |
| 97 |  $NOW | ServiceNow, Inc. | $1.5M | 0.2% | NEW | 72.9 |
| 98 | — | KRANESHARES TRUST - Common Stock | $1.5M | 0.2% | +25% | — |
| 99 | $AAPLCALL | Apple Inc. | $1.4M | — | +900% | 76.4 |
| 100 | $INTCPUT | INTEL CORP | $1.4M | — | -72% | 45.6 |
| 101 | — | SELLAS LIFE SCIENCES GROUP I - Option | $1.4M | — | -10% | — |
| 102 | $JDCALL | JD.com, Inc. | $1.4M | — | -45% | — |
| 103 | $BABA | Alibaba Group Holding Ltd | $1.4M | 0.2% | -86% | — |
| 104 | $DJT | Trump Media & Technology Group Corp. | $1.4M | 0.2% | +16% | 31 |
| 105 | — | ISHARES ETHEREUM TR - Option | $1.3M | — | +3% | — |
| 106 |  $ZS | Zscaler, Inc. | $1.3M | 0.1% | NEW | 63.7 |
| 107 |  $SBET | Sharplink, Inc. | $1.3M | 0.1% | -49% | 33.3 |
| 108 | $UNH | UNITEDHEALTH GROUP INC | $1.3M | 0.1% | -69% | 62.7 |
| 109 | — | SPDR SERIES TRUST - Common Stock | $1.3M | 0.1% | -24% | — |
| 110 |  $T | AT&T INC. | $1.2M | 0.1% | NEW | 65.7 |
| 111 | $SNDKCALL | Sandisk Corp | $1.1M | — | NEW | 87.7 |
| 112 | $METACALL | Meta Platforms, Inc. | $1.1M | — | -50% | 79.6 |
| 113 |  $CBRS | Cerebras Systems Inc. | $1.1M | 0.1% | NEW | — |
| 114 | $NKE | NIKE, Inc. | $1.1M | 0.1% | +271% | 49.3 |
| 115 |  $INTU | INTUIT INC. | $1.0M | 0.1% | +135% | 79.3 |
| 116 | $CORZPUT | Core Scientific, Inc./tx | $1.0M | — | -65% | 14.1 |
| 117 |  $LAESCALL | SEALSQ Corp | $1.0M | — | -64% | — |
| 118 | $CRM | Salesforce, Inc. | $1.0M | 0.1% | +184% | 77 |
| 119 |  $CRWVCALL | CoreWeave, Inc. | $995,400 | — | +0% | 52.2 |
| 120 | — | ISHARES TR - Common Stock | $991,926 | 0.1% | NEW | — |
| 121 |  $DELLPUT | Dell Technologies Inc. | $862,920 | — | NEW | 71.2 |
| 122 | $RIVN | Rivian Automotive, Inc. / DE | $860,161 | 0.1% | -72% | 35.9 |
| 123 | — | INTERNATIONAL BUSINESS MACHS - Option | $843,630 | — | NEW | — |
| 124 |  $SOFI | SoFi Technologies, Inc. | $837,995 | 0.1% | +675% | 62.4 |
| 125 |  $GMECALL | GameStop Corp. | $775,008 | — | -16% | 61.2 |
| 126 | — | ROUNDHILL ETF TRUST - Option | $768,040 | — | NEW | — |
| 127 |  $AVGOPUT | Broadcom Inc. | $755,500 | — | -96% | 84.5 |
| 128 | $AMDCALL | ADVANCED MICRO DEVICES INC | $755,183 | — | -84% | 79.8 |
| 129 |  $COST | COSTCO WHOLESALE CORP /NEW | $748,376 | 0.1% | NEW | 66.2 |
| 130 | $NFLXPUT | NETFLIX INC | $714,000 | — | NEW | 78.8 |
| 131 | $CORZ | Core Scientific, Inc./tx | $711,863 | 0.1% | -50% | 14.1 |
| 132 |  $ARMPUT | ARM HOLDINGS PLC /UK | $709,140 | — | +43% | — |
| 133 | — | ROUNDHILL ETF TRUST - Option | $664,650 | — | NEW | — |
| 134 |  $CRCL | Circle Internet Group, Inc. | $630,496 | 0.1% | -40% | 67.5 |
| 135 | $QCOM | QUALCOMM INC/DE | $619,046 | 0.1% | NEW | 70.5 |
| 136 | $MRVLCALL | Marvell Technology, Inc. | $595,780 | — | NEW | 76.5 |
| 137 | $INTC | INTEL CORP | $582,536 | 0.1% | -86% | 45.6 |
| 138 |  $KVUE | Kenvue Inc. | $577,160 | 0.1% | -25% | 60.3 |
| 139 |  $NNCALL | NEXTNAV INC. | $554,513 | — | +344% | 12.7 |
| 140 |  $WFC | WELLS FARGO & COMPANY/MN | $533,028 | 0.1% | NEW | 61.8 |
| 141 | — | ARK ETF TR - Common Stock | $527,027 | 0.1% | NEW | — |
| 142 |  $CAR | AVIS BUDGET GROUP, INC. | $520,509 | 0.1% | NEW | 54.8 |
| 143 | $GME | GameStop Corp. | $514,707 | 0.1% | +701% | 61.2 |
| 144 | $WFC | WELLS FARGO & COMPANY/MN | $513,708 | 0.1% | +0% | 61.8 |
| 145 |  $IBM | INTERNATIONAL BUSINESS MACHINES CORP | $491,836 | 0.1% | NEW | 70 |
| 146 | — | ISHARES TR - Option | $480,180 | — | NEW | — |
| 147 | — | ISHARES TR - Option | $462,060 | — | +750% | — |
| 148 | $NN | NEXTNAV INC. | $448,799 | 0.1% | +91% | 12.7 |
| 149 | $SOFICALL | SoFi Technologies, Inc. | $448,250 | — | NEW | 62.4 |
| 150 | $AMD | ADVANCED MICRO DEVICES INC | $440,330 | 0.1% | +196% | 79.8 |
New Positions (69)
$GOOGPUT Alphabet Inc.$82.2M$AAPLPUT Apple Inc.$15.9M$NBISPUT Nebius Group N.V.$12.1M$NBIS Nebius Group N.V.$4.6M$SNDKPUT Sandisk Corp$4.5M$NBISCALL Nebius Group N.V.$3.9M$MRVLPUT Marvell Technology, Inc.$3.4M$SMCIPUT Super Micro Computer, Inc.$2.6M$CCZCALL COMCAST CORP$2.5M$OKLO Oklo Inc.$2.2M$NKEPUT NIKE, Inc.$2.1MExited Positions (83)
$ORCLPUT ORACLE CORP$ORCL ORACLE CORP
$MARA MARA Holdings, Inc.
$BA BOEING CO
$MRNAPUT Moderna, Inc.
$PYPLPUT PayPal Holdings, Inc.$AMZNCALL AMAZON COM INC
$COIN Coinbase Global, Inc.
$DHTCALL DHT Holdings, Inc.$CRMCALL Salesforce, Inc.$PYPL PayPal Holdings, Inc.$ORCLCALL ORACLE CORPBrowse Top Institutional Investors
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