AKUNA SECURITIES LLC

Top Holdings13 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
??SPDR S&P 500 ETF TR PUT	12.8M	$7.9B	39.0%	—	—	—	—	Increased —
??SPDR S&P 500 ETF TR CALL Delisted	9.9M	$6.1B	30.2%	—	—	—	—	Increased —
??INVESCO QQQ TR CALL Delisted	5.6M	$3.1B	15.2%	—	—	—	—	Decreased —
??INVESCO QQQ TR PUT	4.2M	$2.3B	11.4%	—	—	—	—	Decreased —
SPY Unit STATE STR SPDR S&P 500 ETF T	700,767	$433M	2.1%	—	$577.42	+5.57%	3 qtrssince 2024-Q4	Increased 61
??NVIDIA CORPORATION PUT	736,700	$116.4M	0.6%	—	—	—	—	Increased —
??NVIDIA CORPORATION CALL	511,900	$80.9M	0.4%	—	—	—	—	Increased —
??ISHARES BITCOIN TRUST ETF CALL	1.2M	$73.4M	0.4%	—	—	—	—	Increased —
??ISHARES BITCOIN TRUST ETF PUT	749,400	$45.9M	0.2%	—	—	—	—	Increased —
??COINBASE GLOBAL INC PUT Delisted	100,000	$35M	0.2%	—	—	—	—	New —
QQQ Unit INVESCO QQQ TR	51,273	$28.3M	0.1%	—	$546.75	0.00%	1 qtr	New 51
??COINBASE GLOBAL INC CALL	75,000	$26.3M	0.1%	—	—	—	—	New —
IBIT ETF ISHARES BITCOIN TRUST ETF	10,254	$627,647	0.0%	—	$61.21	0.00%	1 qtr	New 37

$20.3B

AUM

13

Positions

Q2 2025

Filing

HI score · 1.0/5

Quarterly 13F Value Change

FilingEquity

Not enough history yet

Activity profile

$ moved · Q2'25

New2%Increased91%Decreased6%Exited0%

Composition

Equity vs derivatives

Equity2%Puts51%Calls46%

Holding period

Avg 1.9 years

<1Q15%1-4Q23%1-2Y0%2Y+62%

AKUNA SECURITIES LLC manages $20.3B across 13 positions as of Q2 2025. Top holdings: SPDR S&P 500 ETF TR puts (39.0%), SPDR S&P 500 ETF TR calls (30.2%), INVESCO QQQ TR calls (15.2%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

SPY3Q held

STATE STR SPDR S&P 500 ETF T

Avg $577.42 · $22.5M est. P&L

—

Est. P&L

+5.57%

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