WAWOLVERINE ASSET MANAGEMENT LLC

Top Holdings1,591 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
LCID PUT LUCID GROUP INC	20.3M	$483M	3.6%	—	—	—	—	New —
MSTR PUT STRATEGY INC	1.3M	$429.8M	3.2%	—	—	—	—	Decreased —
??ALIBABA GROUP HLDG LTD Bond	216.2M	$397.7M	2.9%	—	—	—	—	Increased 78
??BLOOM ENERGY CORP Bond	86.1M	$389.6M	2.9%	—	—	—	6 qtrssince 2024-Q2	Unchanged 0
IREN PUT IREN LIMITED	5.3M	$247.3M	1.8%	—	—	—	—	Increased —
??STRATEGY INC Bond	124.8M	$236.1M	1.7%	—	—	—	—	New 70
RIVN PUT RIVIAN AUTOMOTIVE INC	14M	$205.4M	1.5%	—	—	—	—	Increased —
??SEA LTDDelisted	100.1M	$197.9M	1.5%	—	—	—	—	Unchanged 0
RKLB PUT ROCKET LAB CORP	3.6M	$170.7M	1.3%	—	—	—	—	Unchanged —
NIO PUT NIO INC	21.6M	$164.3M	1.2%	—	—	—	—	Decreased —
COIN PUT COINBASE GLOBAL INC	467,000	$157.6M	1.2%	—	—	—	—	Decreased —
MARA PUT MARA HOLDINGS INC	8.2M	$149.3M	1.1%	—	—	—	—	Increased —
??SUPER MICRO COMPUTER INC Bond	136.9M	$139.9M	1.0%	—	—	—	—	Increased 55
??STRATEGY INC Bond	77.6M	$138.5M	1.0%	—	—	—	—	Unchanged 0
NVDA PUT NVIDIA CORPORATION	699,500	$130.5M	1.0%	—	—	—	—	Increased —
BABA PUT ALIBABA GROUP HLDG LTD	723,500	$129.3M	1.0%	—	—	—	—	Increased —
??ASCENDIS PHARMA A/SDelisted Bond	93.2M	$127.2M	0.9%	—	—	—	—	Increased 43
??BRIDGEBIO PHARMA INC Bond	90.2M	$126.6M	0.9%	—	—	—	—	Unchanged 0
AAPL PUT APPLE INC	458,600	$116.8M	0.9%	—	—	—	—	Increased —
??COINBASE GLOBAL INCDelisted Bond	103.1M	$114.8M	0.8%	—	—	—	—	Unchanged 0

$13.5B

AUM

1,591

Positions

Q3 2025

Filing

HI score · 2.5/5

Quarterly 13F Value Change

FilingEquity

Activity profile

$ moved · Q3'25

New29%Increased36%Decreased20%Exited15%

Composition

Equity vs derivatives

Equity51%Puts40%Calls9%

Holding period

Avg 2.9 years

<1Q12%1-4Q21%1-2Y11%2Y+57%

WOLVERINE ASSET MANAGEMENT LLC manages $13.5B across 1591 positions as of Q3 2025. Top holdings: LCID puts (3.6%), MSTR puts (3.2%), ALIBABA GROUP HLDG LTD (2.9%). Fund DNA: Diversified Scout. HoldingsIntel Score: 2.5/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

CVNA18Q held

CARVANA CO

Avg $5.75 · $250,909 est. P&L

—

Est. P&L

+1211.92%

ECHO7Q held

ECHOSTAR CORP

Avg $14.25 · $221,174 est. P&L

—

Est. P&L

+435.86%

BKKT3Q held

BAKKT HOLDINGS INC

Avg $8.67 · $3,023 est. P&L

—

Est. P&L

+288.12%

Top Losers

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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.