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Lombard Odier Asset Management (USA) Corp — 13F Holdings & Portfolio

CIK 1491719 · latest 13F-HR filed 2026-05-15

Backtest portfolio

Lombard Odier Asset Management (USA) Corp manages $957.1M in 13F-reported U.S. long-equity assets across 263 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SPY (16.99%), AAL (6.80%), AAPL (5.04%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 132 new positions, exited 86, added to 23, and trimmed 34.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM

$957.1M

Long-equity book

Holdings

263

Distinct positions

Period

2026-03-31

Filed 2026-05-15

Q/Q Activity

+132 / −86 / ↑23 / ↓34

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • KOSMOS ENERGY LTD$5.0M +82.9%
  • NEXXEN INTL LTD$2.1M +749.7%
  • CASEYS GEN STORES INC$1.8M +237.4%
  • MGM RESORTS INTERNATIONAL$1.4M +129.9%
  • CAESARS ENTERTAINMENT INC NE$960.5K +29.9%
Show all 23 →

Top Trims

  • STRATEGY INC-$8.6M -59.8%
  • ALPHABET INC-$3.1M -51.9%
  • RIVIAN AUTOMOTIVE INC-$2.9M -15.2%
  • TALEN ENERGY CORP-$2.2M -65.9%
  • GENERAL MTRS CO-$1.7M -61.2%
Show all 34 →

New Positions

  • ORGANON & CO$2.3M
  • NETFLIX INC.$1.8M
  • GOLAR LNG LTD$1.6M
  • TJX COS INC NEW$1.5M
  • SPOTIFY TECHNOLOGY S A$1.3M
Show all 132 →

Exited Positions

  • VERIZON COMMUNICATIONS INC$5.0M
  • MICRON TECHNOLOGY INC$2.7M
  • XPO INC$2.5M
  • SPDR SERIES TRUST$2.3M
  • PACCAR INC$2.2M
Show all 86 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 STATE STR SPDR S&P 500 ETF T Call SPY 78462F103 $162.6M 16.99% 250,000 SH
2 AMERICAN AIRLINES GROUP INC Put AAL 02376R102 $65.1M 6.80% 6,060,100 SH
3 APPLE INC Put AAPL 037833100 $48.2M 5.04% 190,000 SH
4 ISHARES TR Put TLT 464287432 $36.1M 3.78% 417,000 SH
5 AVIS BUDGET GROUP INC Put CAR 053774105 $35.7M 3.73% 245,000 SH
6 RIVIAN AUTOMOTIVE INC Put RIVN 76954A103 $33.1M 3.46% 2,200,000 SH
7 COMCAST CORP NEW Call CMCSA 20030N101 $30.1M 3.15% 1,050,000 SH
8 BRISTOL-MYERS SQUIBB CO Call BMY 110122108 $27.3M 2.85% 450,000 SH
9 GILEAD SCIENCES INC Call GILD 375558103 $23.7M 2.48% 170,000 SH
10 PFIZER INC Call PFE 717081103 $18.5M 1.94% 660,000 SH
11 CITIGROUP INC Call C 172967424 $18.1M 1.90% 160,000 SH
12 RIVIAN AUTOMOTIVE INC RIVN 76954AAB9 $16.1M 1.68% 15,000,000 PRN
13 MERCK & CO INC Call MRK 58933Y105 $15.6M 1.63% 130,000 SH
14 NCL CORP LTD NCLH 62886HBD2 $14.2M 1.49% 14,500,000 PRN
15 KINDER MORGAN INC DEL Call KMI 49456B101 $12.1M 1.26% 360,000 SH
16 SIMON PPTY GROUP INC NEW Call SPG 828806109 $11.2M 1.17% 60,000 SH
17 KOSMOS ENERGY LTD KOS 500688AH9 $11.1M 1.16% 14,000,000 PRN
18 NEWMONT CORP Put NEM 651639106 $10.8M 1.13% 100,000 SH
19 UNITEDHEALTH GROUP INC Call UNH 91324P102 $10.8M 1.13% 40,000 SH
20 METLIFE INC Call MET 59156R108 $10.6M 1.11% 150,000 SH
21 HERTZ GLOBAL HLDGS INC Put HTZ 42806J700 $10.6M 1.11% 2,300,000 SH
22 VERIZON COMMUNICATIONS INC Put VZ 92343V104 $10.0M 1.05% 200,000 SH
23 BANK AMERICA CORP Put BAC 060505104 $9.8M 1.02% 200,000 SH
24 CITIGROUP INC Put C 172967424 $9.1M 0.95% 80,000 SH
25 GILEAD SCIENCES INC Put GILD 375558103 $8.4M 0.87% 60,000 SH
26 CONAGRA BRANDS INC Call CAG 205887102 $7.9M 0.82% 500,000 SH
27 CISCO SYS INC Call CSCO 17275R102 $7.8M 0.81% 100,000 SH
28 BRISTOL-MYERS SQUIBB CO Put BMY 110122108 $7.6M 0.79% 125,000 SH
29 NORWEGIAN CRUISE LINE HLDGS Call NCLH G66721104 $7.5M 0.78% 400,000 SH
30 TARGET CORP Call TGT 87612E106 $7.3M 0.76% 60,000 SH
31 FEDEX CORP Call FDX 31428X106 $7.1M 0.74% 20,000 SH
32 DISNEY WALT CO Call DIS 254687106 $6.7M 0.70% 70,000 SH
33 MERCK & CO INC Put MRK 58933Y105 $6.6M 0.69% 55,000 SH
34 UNITI GROUP LLC UNIT 91325VAB4 $6.1M 0.64% 5,255,000 PRN
35 HERBALIFE LTD Call HLF G4412G101 $5.9M 0.62% 402,500 SH
36 FREEPORT MCMORAN INC Call FCX 35671D857 $5.9M 0.61% 100,000 SH
37 STRATEGY INC MHIFF 594972AL5 $5.8M 0.61% 6,000,000 PRN
38 RIVIAN AUTOMOTIVE INC Call RIVN 76954A103 $5.3M 0.55% 350,000 SH
39 UNITED PARCEL SVCS INC Call UPS 911312106 $4.9M 0.51% 50,000 SH
40 PRUDENTIAL FINL INC Put PRU 744320102 $4.9M 0.51% 50,000 SH
41 INTERNATIONAL BUSINESS MACHS Put IBM 459200101 $4.2M 0.44% 17,500 SH
42 PAGAYA TECHNOLOGIES LTD Put PGY M7S64L123 $4.2M 0.44% 360,000 SH
43 COMPASS INC Call COMP 20464U100 $4.2M 0.44% 572,000 SH
44 CAESARS ENTERTAINMENT INC NE CZR 12769G100 $4.2M 0.44% 158,027 SH
45 KINDER MORGAN INC DEL Put KMI 49456B101 $4.0M 0.42% 120,000 SH
46 TARGET CORP Put TGT 87612E106 $3.6M 0.38% 30,000 SH
47 DISNEY WALT CO Put DIS 254687106 $3.6M 0.38% 37,500 SH
48 BAUSCH HEALTH COS INC Put BHC 071734107 $3.6M 0.38% 666,000 SH
49 METLIFE INC Put MET 59156R108 $3.5M 0.37% 50,000 SH
50 CAESARS ENTERTAINMENT INC NE Call CZR 12769G100 $3.5M 0.36% 132,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-05-15 $957.1M 263 0000908834-26-000235
2025-12-31 2026-02-17 $1.08B 213 0000908834-26-000080
2025-09-30 2025-11-14 $1.49B 415 0000908834-25-000342