AKUNA SECURITIES LLC

Top Holdings25 positions

Checking export access…

Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
??INVESCO QQQ TR PUT	12.6M	$7.7B	29.5%	—	—	—	—	Increased —
??SPDR S&P 500 ETF TR PUT	9.2M	$6.3B	23.8%	—	—	—	—	Decreased —
??SPDR S&P 500 ETF TR CALL Delisted	8.3M	$5.7B	21.6%	—	—	—	—	Decreased —
??INVESCO QQQ TR CALL Delisted	7.1M	$4.4B	16.7%	—	—	—	—	Increased —
??ISHARES TR PUT Delisted	2.9M	$717.1M	2.7%	—	—	—	—	Increased —
??ISHARES TR CALL Delisted	1.9M	$473.6M	1.8%	—	—	—	—	Increased —
SPY Unit STATE STR SPDR S&P 500 ETF T	361,344	$246.4M	0.9%	—	$599.29	+12.91%	5 qtrssince 2024-Q4	Decreased 0
??NVIDIA CORPORATION PUT	1.2M	$216.2M	0.8%	—	—	—	—	Increased —
??NVIDIA CORPORATION CALL	953,500	$177.8M	0.7%	—	—	—	—	Increased —
??TESLA INC CALL Delisted	295,000	$132.7M	0.5%	—	—	—	—	New —
??TESLA INC PUT Delisted	212,900	$95.7M	0.4%	—	—	—	—	New —
??ISHARES BITCOIN TRUST ETF CALL	1.6M	$80.5M	0.3%	—	—	—	—	Decreased —
??ISHARES BITCOIN TRUST ETF PUT	788,800	$39.2M	0.1%	—	—	—	—	Decreased —
NVDA NVIDIA CORPORATION	42,125	$7.9M	0.0%	—	$186.06	0.00%	1 qtr	New 41
??ADVANCED MICRO DEVICES INC CALL Delisted	27,400	$5.9M	0.0%	—	—	—	—	New —
??ADVANCED MICRO DEVICES INC PUT Delisted	25,400	$5.4M	0.0%	—	—	—	—	New —
IBIT ETF ISHARES BITCOIN TRUST ETF	38,926	$1.9M	0.0%	—	$64.57	-23.11%	3 qtrssince 2025-Q2	Decreased 0
TQQQ ETF PROSHARES TR	16,850	$888,332	0.0%	—	$52.41	0.00%	1 qtr	New 37
IVV ETF ISHARES TR	1,074	$735,626	0.0%	—	$689.92	+11.12%as of Oct 16	1 qtr	New 37
UPRO ETF PROSHARES TR	4,809	$556,690	0.0%	—	$115.25	0.00%	1 qtr	New 37

$26.2B

AUM

25

Positions

Q4 2025

Filing

HI score · 1.0/5

Quarterly 13F Value Change

FilingEquity

Activity profile

$ moved · Q4'25

New2%Increased53%Decreased44%Exited0%

Composition

Equity vs derivatives

Equity1%Puts57%Calls42%

Holding period

Avg 2.5 years

<1Q20%1-4Q0%1-2Y12%2Y+68%

AKUNA SECURITIES LLC manages $26.2B across 25 positions as of Q4 2025. Top holdings: INVESCO QQQ TR puts (29.5%), SPDR S&P 500 ETF TR puts (23.8%), SPDR S&P 500 ETF TR calls (21.6%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

SPY5Q held

STATE STR SPDR S&P 500 ETF T

Avg $599.29 · $27.9M est. P&L

—

Est. P&L

+12.91%

IVV1Q held

ISHARES TR

Avg $689.92 · $82,430 est. P&L

—

Est. P&L

+11.12%

as of Oct 16

Top Losers

Checking access…

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