13F HOLDINGS REPORT
Lombard Odier Asset Management (USA) Corp
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0000908834-26-000080
Total Value
$1.08B
Positions
213
Other Managers
0
Confidential Omitted
No
Holdings (213)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 136,000 | $92.7M | 8.62% |
| 2 | AMERICAN AIRLS GROUP INC | 02376R102 | 5,760,100 | $88.3M | 8.21% |
| 3 | VANECK ETF TRUST | 92189F106 | 615,000 | $52.7M | 4.90% |
| 4 | APPLE INC | AAPL | 190,000 | $51.7M | 4.80% |
| 5 | SPDR SERIES TRUST | 78468R556 | 400,000 | $50.5M | 4.69% |
| 6 | AVIS BUDGET GROUP | CAR | 345,000 | $44.3M | 4.12% |
| 7 | RIVIAN AUTOMOTIVE INC | RIVN | 2,200,000 | $43.4M | 4.03% |
| 8 | ISHARES TR | 464287432 | 417,000 | $36.3M | 3.38% |
| 9 | PBF ENERGY INC | PBF | 950,000 | $25.8M | 2.40% |
| 10 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 475,000 | $25.6M | 2.38% |
| 11 | MERCK & CO INC | MRK | 195,000 | $20.5M | 1.91% |
| 12 | RIVIAN AUTOMOTIVE INC | RIVN | 15,000,000 | $18.9M | 1.76% |
| 13 | CITIGROUP INC | C-PR | 160,000 | $18.7M | 1.74% |
| 14 | GILEAD SCIENCES INC | GILD | 135,000 | $16.6M | 1.54% |
| 15 | UNITEDHEALTH GROUP INC | UNH | 50,000 | $16.5M | 1.53% |
| 16 | PFIZER INC | PFE | 660,000 | $16.4M | 1.53% |
| 17 | NEWMONT CORP | NEMCL | 150,000 | $15.0M | 1.39% |
| 18 | NCL CORP LTD | 62886HBD2 | 14,500,000 | $14.5M | 1.35% |
| 19 | STRATEGY INC | STRK | 14,000,000 | $14.4M | 1.34% |
| 20 | GILEAD SCIENCES INC | GILD | 100,000 | $12.3M | 1.14% |
| 21 | METLIFE INC | MET-PF | 150,000 | $11.8M | 1.10% |
| 22 | SIMON PPTY GROUP INC NEW | 828806109 | 60,000 | $11.1M | 1.03% |
| 23 | BANK AMERICA CORP | 060505104 | 200,000 | $11.0M | 1.02% |
| 24 | VODAFONE GROUP PLC NEW | 92857W308 | 800,000 | $10.6M | 0.98% |
| 25 | KINDER MORGAN INC DEL | EP-PC | 360,000 | $9.9M | 0.92% |
| 26 | CITIGROUP INC | C-PR | 80,000 | $9.3M | 0.87% |
| 27 | NORWEGIAN CRUISE LINE HLDG L | NCLH | 400,000 | $8.9M | 0.83% |
| 28 | CONAGRA BRANDS INC | CAG | 500,000 | $8.7M | 0.80% |
| 29 | CISCO SYS INC | CSCO | 100,000 | $7.7M | 0.72% |
| 30 | FREEPORT-MCMORAN INC | FCX | 140,000 | $7.1M | 0.66% |
| 31 | RIVIAN AUTOMOTIVE INC | RIVN | 350,000 | $6.9M | 0.64% |
| 32 | MERCK & CO INC | MRK | 65,000 | $6.8M | 0.64% |
| 33 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 125,000 | $6.7M | 0.63% |
| 34 | FORD MTR CO | 345370860 | 500,000 | $6.6M | 0.61% |
| 35 | COMPASS INC | COMP | 572,000 | $6.0M | 0.56% |
| 36 | KOSMOS ENERGY LTD | KOS | 14,000,000 | $6.0M | 0.56% |
| 37 | ISHARES SILVER TR | SLV | 93,200 | $6.0M | 0.56% |
| 38 | ALPHABET INC | GOOG | 18,823 | $5.9M | 0.55% |
| 39 | TARGET CORP | TGT | 60,000 | $5.9M | 0.55% |
| 40 | UNITI GROUP LLC | UNIT | 5,255,000 | $5.8M | 0.54% |
| 41 | FEDEX CORP | FDX | 19,000 | $5.5M | 0.51% |
| 42 | HERBALIFE LTD | HLF | 402,500 | $5.2M | 0.48% |
| 43 | INTERNATIONAL BUSINESS MACHS | INTR | 17,500 | $5.2M | 0.48% |
| 44 | VERIZON COMMUNICATIONS INC | VZ | 123,000 | $5.0M | 0.47% |
| 45 | BAUSCH HEALTH COS INC | 071734107 | 666,000 | $4.6M | 0.43% |
| 46 | UNITED PARCEL SERVICE INC | UPS | 40,000 | $4.0M | 0.37% |
| 47 | METLIFE INC | MET-PF | 50,000 | $3.9M | 0.37% |
| 48 | KOHLS CORP | KSS | 180,000 | $3.7M | 0.34% |
| 49 | CAESARS ENTERTAINMENT INC NE | 12769G100 | 146,800 | $3.4M | 0.32% |
| 50 | TALEN ENERGY CORP | TLN | 9,101 | $3.4M | 0.32% |
| 51 | APPLE INC | AAPL | 12,272 | $3.3M | 0.31% |
| 52 | CAESARS ENTERTAINMENT INC NE | 12769G100 | 137,500 | $3.2M | 0.30% |
| 53 | AMERICAN AXLE & MFG HLDGS IN | 024061103 | 490,000 | $3.1M | 0.29% |
| 54 | AMERICAN AIRLS GROUP INC | 02376R102 | 200,000 | $3.1M | 0.29% |
| 55 | AERCAP HOLDINGS NV | AER | 20,818 | $3.0M | 0.28% |
| 56 | STRATEGY INC | STRK | 19,500 | $3.0M | 0.28% |
| 57 | GENERAL MTRS CO | 37045V100 | 35,092 | $2.9M | 0.27% |
| 58 | SOUTHWEST AIRLS CO | 844741108 | 68,329 | $2.8M | 0.26% |
| 59 | MICRON TECHNOLOGY INC | MU | 9,542 | $2.7M | 0.25% |
| 60 | RBC BEARINGS INC | RBC | 5,906 | $2.6M | 0.25% |
| 61 | CLEVELAND-CLIFFS INC NEW | CLF | 190,000 | $2.5M | 0.23% |
| 62 | XPO INC | XPO | 18,559 | $2.5M | 0.23% |
| 63 | PROGRESSIVE CORP | 743315103 | 11,050 | $2.5M | 0.23% |
| 64 | MEDICAL PPTYS TRUST INC | 58463J304 | 500,000 | $2.5M | 0.23% |
| 65 | NABORS INDUSTRIES LTD | NBRWF | 44,500 | $2.4M | 0.22% |
| 66 | QUALCOMM INC | QCOM | 14,000 | $2.4M | 0.22% |
| 67 | EXPAND ENERGY CORPORATION | EXE | 21,509 | $2.4M | 0.22% |
| 68 | PERIMETER SOLUTIONS INC | PRM | 85,815 | $2.4M | 0.22% |
| 69 | API GROUP CORP | APG | 59,593 | $2.3M | 0.21% |
| 70 | SPDR SERIES TRUST | 78468R556 | 18,000 | $2.3M | 0.21% |
| 71 | OSI SYSTEMS INC | OSIS | 8,777 | $2.2M | 0.21% |
| 72 | PACCAR INC | PCAR | 20,433 | $2.2M | 0.21% |
| 73 | MCKESSON CORP | MCK | 2,584 | $2.1M | 0.20% |
| 74 | BOSTON SCIENTIFIC CORP | BSX | 22,108 | $2.1M | 0.20% |
| 75 | C H ROBINSON WORLDWIDE INC | CHRW | 12,891 | $2.1M | 0.19% |
| 76 | CENCORA INC | COR | 6,112 | $2.1M | 0.19% |
| 77 | TRANSDIGM GROUP INC | TDG | 1,527 | $2.0M | 0.19% |
| 78 | MURPHY OIL CORP | MUR | 64,000 | $2.0M | 0.19% |
| 79 | CALUMET INC | CLMT | 100,095 | $2.0M | 0.18% |
| 80 | DOW INC | DOW | 85,000 | $2.0M | 0.18% |
| 81 | MOTOROLA SOLUTIONS INC | MSI | 5,163 | $2.0M | 0.18% |
| 82 | MICROSOFT CORP | MSFT | 4,092 | $2.0M | 0.18% |
| 83 | QXO INC | QXO-PB | 101,717 | $2.0M | 0.18% |
| 84 | OREILLY AUTOMOTIVE INC | 67103H107 | 21,490 | $2.0M | 0.18% |
| 85 | AUTOZONE INC | AZO | 559 | $1.9M | 0.18% |
| 86 | SLB LIMITED | SLB | 47,000 | $1.8M | 0.17% |
| 87 | SANDISK CORP | SNDK | 7,538 | $1.8M | 0.17% |
| 88 | AMPLIFY ETF TR | 032108649 | 64,288 | $1.8M | 0.17% |
| 89 | GALLAGHER ARTHUR J & CO | 363576109 | 6,862 | $1.8M | 0.17% |
| 90 | CANADIAN NATL RY CO | 136375102 | 17,847 | $1.8M | 0.16% |
| 91 | BROWN & BROWN INC | BRO | 22,001 | $1.8M | 0.16% |
| 92 | DARLING INGREDIENTS INC | DAR | 47,232 | $1.7M | 0.16% |
| 93 | FEDEX CORP | FDX | 5,873 | $1.7M | 0.16% |
| 94 | SPDR GOLD TR | GLD | 4,234 | $1.7M | 0.16% |
| 95 | FIRST SOLAR INC | FSLR | 6,391 | $1.7M | 0.16% |
| 96 | CISCO SYS INC | CSCO | 20,000 | $1.5M | 0.14% |
| 97 | OLD DOMINION FREIGHT LINE IN | ODFL | 9,781 | $1.5M | 0.14% |
| 98 | WEATHERFORD INTL PLC | G48833118 | 19,500 | $1.5M | 0.14% |
| 99 | THOMSON REUTERS CORP | TMSOF | 10,897 | $1.4M | 0.13% |
| 100 | DECKERS OUTDOOR CORP | DECK | 13,750 | $1.4M | 0.13% |
| 101 | BAKER HUGHES COMPANY | BKR | 31,001 | $1.4M | 0.13% |
| 102 | UNITEDHEALTH GROUP INC | UNH | 4,275 | $1.4M | 0.13% |
| 103 | MOHAWK INDS INC | 608190104 | 12,700 | $1.4M | 0.13% |
| 104 | CROWN HLDGS INC | CCK | 13,188 | $1.4M | 0.13% |
| 105 | GRIFFON CORP | GFF | 18,311 | $1.3M | 0.13% |
| 106 | PULTE GROUP INC | 745867101 | 11,488 | $1.3M | 0.13% |
| 107 | REPUBLIC SVCS INC | 760759100 | 6,312 | $1.3M | 0.12% |
| 108 | SELECT WATER SOLUTIONS INC | WTTR | 127,142 | $1.3M | 0.12% |
| 109 | ISHARES TR | 464287655 | 5,285 | $1.3M | 0.12% |
| 110 | SPDR S&P 500 ETF TR | SPY | 1,891 | $1.3M | 0.12% |
| 111 | CATERPILLAR INC | CAT | 2,250 | $1.3M | 0.12% |
| 112 | KIRBY CORP | KEX | 11,486 | $1.3M | 0.12% |
| 113 | SHERWIN WILLIAMS CO | SHW | 3,879 | $1.3M | 0.12% |
| 114 | RTX CORPORATION | RTX | 6,648 | $1.2M | 0.11% |
| 115 | ORMAT TECHNOLOGIES INC | ORA | 10,996 | $1.2M | 0.11% |
| 116 | NCR ATLEOS CORPORATION | NATL | 31,842 | $1.2M | 0.11% |
| 117 | GOODYEAR TIRE & RUBR CO | 382550101 | 136,000 | $1.2M | 0.11% |
| 118 | AUTONATION INC | AN | 5,723 | $1.2M | 0.11% |
| 119 | CRESCENT ENERGY COMPANY | CRGY | 140,000 | $1.2M | 0.11% |
| 120 | INTEL CORP | INTC | 31,673 | $1.2M | 0.11% |
| 121 | GENERAL DYNAMICS CORP | GD | 3,455 | $1.2M | 0.11% |
| 122 | SILENCE THERAPEUTICS PLC | SLNCF | 255,901 | $1.2M | 0.11% |
| 123 | ALLISON TRANSMISSION HLDGS I | ALSN | 11,675 | $1.1M | 0.11% |
| 124 | ADOBE INC | ADBE | 3,207 | $1.1M | 0.10% |
| 125 | GENERAL MLS INC | 370334104 | 23,990 | $1.1M | 0.10% |
| 126 | MGM RESORTS INTERNATIONAL | MGM | 30,000 | $1.1M | 0.10% |
| 127 | UNITY SOFTWARE INC | U | 24,471 | $1.1M | 0.10% |
| 128 | ARISTA NETWORKS INC | ANET | 8,232 | $1.1M | 0.10% |
| 129 | COEUR MNG INC | 192108504 | 60,355 | $1.1M | 0.10% |
| 130 | APTIV PLC | APTV | 13,793 | $1.0M | 0.10% |
| 131 | HERTZ GLOBAL HLDGS INC | HTZWW | 200,000 | $1.0M | 0.10% |
| 132 | HA SUSTAINABLE INFRA CAP INC | 41068X100 | 32,361 | $1.0M | 0.09% |
| 133 | MURPHY OIL CORP | MUR | 32,500 | $1.0M | 0.09% |
| 134 | ASML HOLDING N V | ASMLF | 948 | $1.0M | 0.09% |
| 135 | BADGER METER INC | BMI | 5,760 | $1.0M | 0.09% |
| 136 | CENTURY ALUM CO | CENX | 24,659 | $966,140 | 0.09% |
| 137 | ADVANCED MICRO DEVICES INC | AMD | 4,484 | $960,293 | 0.09% |
| 138 | NEW FORTRESS ENERGY INC | NFE | 840,000 | $957,600 | 0.09% |
| 139 | TRANSALTA CORP | TACPF | 74,625 | $944,269 | 0.09% |
| 140 | ABRDN SILVER ETF TRUST | SIVR | 13,887 | $939,317 | 0.09% |
| 141 | MURPHY OIL CORP | MUR | 30,000 | $937,500 | 0.09% |
| 142 | CLEVELAND-CLIFFS INC NEW | CLF | 70,000 | $929,600 | 0.09% |
| 143 | CLEVELAND-CLIFFS INC NEW | CLF | 70,000 | $929,600 | 0.09% |
| 144 | PERPETUA RESOURCES CORP | PPTA | 37,533 | $908,674 | 0.08% |
| 145 | CORNING INC | GLW | 10,359 | $907,034 | 0.08% |
| 146 | FREEPORT-MCMORAN INC | FCX | 17,593 | $893,548 | 0.08% |
| 147 | NVIDIA CORPORATION | NVDA | 4,788 | $892,962 | 0.08% |
| 148 | BAIDU INC | BAIDF | 6,820 | $891,101 | 0.08% |
| 149 | AMPHENOL CORP NEW | 032095101 | 6,546 | $884,626 | 0.08% |
| 150 | GOODYEAR TIRE & RUBR CO | 382550101 | 100,000 | $876,000 | 0.08% |
| 151 | HEICO CORP NEW | HEI-A | 2,696 | $872,399 | 0.08% |
| 152 | ARCHER DANIELS MIDLAND CO | ADM | 15,000 | $862,350 | 0.08% |
| 153 | METHANEX CORP | MEOH | 21,493 | $853,702 | 0.08% |
| 154 | XEROX HOLDINGS CORP | XRXDW | 350,000 | $829,500 | 0.08% |
| 155 | ISHARES INC | 464286772 | 8,439 | $820,440 | 0.08% |
| 156 | CSX CORP | CSX | 22,356 | $810,405 | 0.08% |
| 157 | NABORS INDUSTRIES LTD | NBRWF | 14,600 | $792,780 | 0.07% |
| 158 | WESCO INTL INC | 95082P105 | 3,211 | $785,539 | 0.07% |
| 159 | WEATHERFORD INTL PLC | G48833118 | 10,000 | $782,600 | 0.07% |
| 160 | CAMECO CORP | CCJ | 8,285 | $757,995 | 0.07% |
| 161 | SABLE OFFSHORE CORP | SOC | 83,700 | $754,974 | 0.07% |
| 162 | CASEYS GEN STORES INC | 147528103 | 1,342 | $741,737 | 0.07% |
| 163 | BROADCOM INC | AVGO | 2,097 | $725,772 | 0.07% |
| 164 | TESLA INC | TSLA | 1,603 | $720,901 | 0.07% |
| 165 | SILICON MOTION TECHNOLOGY CO | SIMO | 7,757 | $719,074 | 0.07% |
| 166 | MATSON INC | MATX | 5,694 | $703,494 | 0.07% |
| 167 | FLUOR CORP NEW | FLR | 17,711 | $701,887 | 0.07% |
| 168 | GE VERNOVA INC | GEV | 1,072 | $700,627 | 0.07% |
| 169 | AMBARELLA INC | AMBA | 9,354 | $662,637 | 0.06% |
| 170 | AMERICAN AXLE & MFG HLDGS IN | 024061103 | 100,000 | $641,000 | 0.06% |
| 171 | AMERICAN AXLE & MFG HLDGS IN | 024061103 | 100,000 | $641,000 | 0.06% |
| 172 | MARVELL TECHNOLOGY INC | MRVL | 7,488 | $636,330 | 0.06% |
| 173 | KOSMOS ENERGY LTD | KOS | 700,000 | $635,180 | 0.06% |
| 174 | CAPITAL ONE FINL CORP | 14040H105 | 2,554 | $618,987 | 0.06% |
| 175 | VISTRA CORP | VST | 3,816 | $615,635 | 0.06% |
| 176 | NEXTPOWER INC | NXT | 7,022 | $611,686 | 0.06% |
| 177 | SOMNIGROUP INTERNATIONAL INC | SGI | 6,503 | $580,588 | 0.05% |
| 178 | AMAZON COM INC | AMZN | 2,492 | $575,203 | 0.05% |
| 179 | ALBEMARLE CORP | ALB-PA | 3,915 | $553,738 | 0.05% |
| 180 | FERROGLOBE PLC | GSM | 118,457 | $549,640 | 0.05% |
| 181 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,748 | $531,200 | 0.05% |
| 182 | WASTE CONNECTIONS INC | WCN | 2,989 | $524,151 | 0.05% |
| 183 | POWELL INDS INC | 739128106 | 1,614 | $514,511 | 0.05% |
| 184 | ENERGY FUELS INC | UUUU | 34,764 | $505,469 | 0.05% |
| 185 | TD SYNNEX CORPORATION | SNX | 3,339 | $501,618 | 0.05% |
| 186 | FLUTTER ENTMT PLC | G3643J108 | 2,328 | $500,613 | 0.05% |
| 187 | NUSCALE PWR CORP | NU | 35,138 | $497,905 | 0.05% |
| 188 | UBER TECHNOLOGIES INC | UBER | 5,992 | $489,606 | 0.05% |
| 189 | PURECYCLE TECHNOLOGIES INC | PCTTW | 56,656 | $486,675 | 0.05% |
| 190 | BLOOM ENERGY CORP | BE | 5,510 | $478,764 | 0.04% |
| 191 | FORWARD AIR CORP | FWRD | 18,523 | $463,075 | 0.04% |
| 192 | PERFORMANCE FOOD GROUP CO | PFGC | 5,075 | $456,344 | 0.04% |
| 193 | URANIUM RTY CORP | 91702V101 | 124,818 | $441,856 | 0.04% |
| 194 | URANIUM ENERGY CORP | UEC | 37,519 | $438,222 | 0.04% |
| 195 | AMERICAN EAGLE OUTFITTERS IN | AEO | 16,577 | $437,135 | 0.04% |
| 196 | VISA INC | V | 1,106 | $387,885 | 0.04% |
| 197 | MP MATERIALS CORP | MP | 7,185 | $362,986 | 0.03% |
| 198 | INTERNATIONAL TOWER HILL MIN | 46050R102 | 174,203 | $324,018 | 0.03% |
| 199 | COMMUNITY HEALTH SYS INC NEW | 203668108 | 96,000 | $299,520 | 0.03% |
| 200 | NEXXEN INTL LTD | M8T80P204 | 58,457 | $283,675 | 0.03% |
| 201 | XEROX HOLDINGS CORP | XRXDW | 118,600 | $281,082 | 0.03% |
| 202 | BABCOCK & WILCOX ENTERPRISES | BW-PA | 39,979 | $253,467 | 0.02% |
| 203 | ALIBABA GROUP HLDG LTD | BBAAY | 1,680 | $246,254 | 0.02% |
| 204 | LINEAGE INC | LINE | 6,995 | $244,825 | 0.02% |
| 205 | VANECK ETF TRUST | 92189F106 | 2,500 | $214,425 | 0.02% |
| 206 | AMPRIUS TECHNOLOGIES INC | AMPX-WT | 23,942 | $188,902 | 0.02% |
| 207 | CONAGRA BRANDS INC | CAG | 10,104 | $174,900 | 0.02% |
| 208 | HUNTSMAN CORP | HUN | 15,886 | $158,860 | 0.01% |
| 209 | ZOOMINFO TECHNOLOGIES INC | GTM | 15,241 | $155,001 | 0.01% |
| 210 | CCC INTELLIGENT SOLUTIONS HL | CCC | 19,403 | $154,254 | 0.01% |
| 211 | MOBILEYE GLOBAL INC | MBLY | 14,331 | $149,616 | 0.01% |
| 212 | DHT HOLDINGS INC | DHT | 12,147 | $148,315 | 0.01% |
| 213 | AURORA INNOVATION INC | AUROW | 32,062 | $123,118 | 0.01% |