READYSTATE ASSET MANAGEMENT LP's Q1 2024 13F: 93 new positions, 100 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 13, 2024 · 174 reported positions · accession 0001214659-24-008844
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | SPDR S&P 500 ETF TR (SPY) | 5.6% | 50.3% | +44.7 pts | +1.69M sh | +2068% |
| Exited | INVESCO QQQ TR (QQQ) | 12.8% | — | −12.8 pts | −217K sh | −100% |
| Exited | TENABLE HLDGS INC (TENB) | 4.6% | — | −4.6 pts | −699K sh | −100% |
| Exited | ANSYS INC (ANSS) | 2.4% | — | −2.4 pts | −46,900 sh | −100% |
| Exited | KENVUE INC (KVUE) | 1.8% | — | −1.8 pts | −581K sh | −100% |
| New | TESLA INC (TSLA) | — | 1.7% | +1.7 pts | +181K sh | new |
| Exited | ZOOMINFO TECHNOLOGIES INC (GTM) | 1.6% | — | −1.6 pts | −605K sh | −100% |
| Increased | CYTOKINETICS INC (CYTK) | 0.7% | 1.8% | +1.1 pts | +409K sh | +727% |
| New | VERA THERAPEUTICS INC (VERA) | — | 1.4% | +1.4 pts | +594K sh | new |
| Exited | CAPRI HOLDINGS LIMITED (CPRI) | 1.3% | — | −1.3 pts | −186K sh | −100% |
| Increased | HESS CORP (HES) | 3.0% | 2.5% | −0.5 pts | +153K sh | +106% |
| New | NUTANIX INC (NTNX) | — | 1.2% | +1.2 pts | +347K sh | new |
| Exited | SPLUNK INC (SPLK) | 1.1% | — | −1.1 pts | −52,556 sh | −100% |
| Exited | RINGCENTRAL INC (RNG) | 1.1% | — | −1.1 pts | −229K sh | −100% |
| New | FEDEX CORP (FDX) | — | 0.9% | +0.9 pts | +58,974 sh | new |
| New | BOX INC (BOX) | — | 0.8% | +0.8 pts | +533K sh | new |
| New | BROADCOM INC (AVGO) | — | 0.8% | +0.8 pts | +11,093 sh | new |
| Exited | COMSTOCK RES INC (CRK) | 0.8% | — | −0.8 pts | −604K sh | −100% |
| Increased | UTZ BRANDS INC (UTZ) | 1.0% | 1.2% | +0.2 pts | +765K sh | +170% |
| Exited | SENTINELONE INC (S) | 0.8% | — | −0.8 pts | −191K sh | −100% |
| Increased | AVANTOR INC (AVTR) | 1.9% | 1.5% | −0.4 pts | +529K sh | +90% |
| Exited | DEXCOM INC (DXCM) | 0.7% | — | −0.7 pts | −40,270 sh | −100% |
| Increased | ALBEMARLE CORP (ALB) | 1.3% | 1.1% | −0.2 pts | +96,788 sh | +151% |
| Exited | IMMUNOGEN INC (IMGN) | 0.6% | — | −0.6 pts | −150K sh | −100% |
| Exited | CATALENT INC (CTLT) | 0.6% | — | −0.6 pts | −97,223 sh | −100% |
| Reduced | DISNEY WALT CO (DIS) | 2.3% | 0.6% | −1.7 pts | −89,743 sh | −50% |
| New | CIVITAS RESOURCES INC (CIVI) | — | 0.6% | +0.6 pts | +140K sh | new |
| Increased | PAGERDUTY INC (PD) | 0.1% | 0.6% | +0.5 pts | +462K sh | +1051% |
| Increased | ROBLOX CORP (RBLX) | 2.3% | 1.3% | −1.0 pts | +272K sh | +77% |
| New | CEREVEL THERAPEUTICS HLDNG I (CERE) | — | 0.6% | +0.6 pts | +244K sh | new |
| New | QORVO INC (QRVO) | — | 0.5% | +0.5 pts | +85,700 sh | new |
| Exited | BLUEPRINT MEDICINES CORP (BPMC) | 0.5% | — | −0.5 pts | −40,028 sh | −100% |
| New | DOCUSIGN INC (DOCU) | — | 0.5% | +0.5 pts | +161K sh | new |
| New | GLOBAL PMTS INC (GPN) | — | 0.5% | +0.5 pts | +66,900 sh | new |
| Exited | GUIDEWIRE SOFTWARE INC (GWRE) | 0.5% | — | −0.5 pts | −30,427 sh | −100% |
| Increased | ALBERTSONS COS INC (ACI) | 4.1% | 1.9% | −2.2 pts | +398K sh | +32% |
| Exited | MASIMO CORP (MASI) | 0.5% | — | −0.5 pts | −27,480 sh | −100% |
| Reduced | TENET HEALTHCARE CORP (THC) | 1.0% | 0.1% | −0.9 pts | −80,215 sh | −90% |
| New | ALTIMMUNE INC (ALT) | — | 0.5% | +0.5 pts | +826K sh | new |
| New | AMER SPORTS INC (AS) | — | 0.4% | +0.4 pts | +505K sh | new |
| Increased | AMPLITUDE INC (AMPL) | 0.3% | 0.5% | +0.2 pts | +702K sh | +407% |
| Increased | PIONEER NAT RES CO (PXD) | 4.6% | 2.4% | −2.2 pts | +28,085 sh | +20% |
| Exited | GENERAL MTRS CO (GM) | 0.4% | — | −0.4 pts | −75,672 sh | −100% |
| New | ACI WORLDWIDE INC (ACIW) | — | 0.4% | +0.4 pts | +214K sh | new |
| New | POTBELLY CORP (PBPB) | — | 0.3% | +0.3 pts | +516K sh | new |
| New | KEROS THERAPEUTICS INC (KROS) | — | 0.3% | +0.3 pts | +94,373 sh | new |
| Increased | HAWAIIAN HOLDINGS INC (HA) | 0.3% | 0.4% | +0.2 pts | +455K sh | +336% |
| Increased | KIRBY CORP (KEX) | 1.8% | 1.2% | −0.7 pts | +62,100 sh | +39% |
| New | ZOOM VIDEO COMMUNICATIONS IN (ZM) | — | 0.3% | +0.3 pts | +82,670 sh | new |
| New | COLGATE PALMOLIVE CO (CL) | — | 0.3% | +0.3 pts | +56,264 sh | new |
The 50 largest of 268 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 66.0% of the equity book
Changes in the top 10 this quarter: CYTK entered · TSLA entered · AVTR entered · VERA entered · UTZ entered · QQQ left · TENB left · X left · NET left · ANSS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR (SPY) | 5.6% | 50.3% | |
| 2 | HESS CORP (HES) | 3.0% | 2.5% | |
| 3 | PIONEER NAT RES CO (PXD) | 4.6% | 2.4% | |
| 4 | ALBERTSONS COS INC (ACI) | 4.1% | 1.9% | |
| 5 | CYTOKINETICS INC (CYTK) | 0.7% | 1.8% | Entered the top 10 |
| 6 | TESLA INC (TSLA) | 0.0% | 1.7% | Entered the top 10 |
| 7 | AVANTOR INC (AVTR) | 1.9% | 1.5% | Entered the top 10 |
| 8 | VERA THERAPEUTICS INC (VERA) | 0.0% | 1.4% | Entered the top 10 |
| 9 | ROBLOX CORP (RBLX) | 2.3% | 1.3% | |
| 10 | UTZ BRANDS INC (UTZ) | 1.0% | 1.2% | Entered the top 10 |
| — | INVESCO QQQ TR (QQQ) | 12.8% | 0.0% | Left the top 10 |
| — | TENABLE HLDGS INC (TENB) | 4.6% | 0.0% | Left the top 10 |
| — | UNITED STATES STL CORP NEW (X) | 3.4% | 1.0% | Left the top 10 |
| — | CLOUDFLARE INC (NET) | 2.5% | 1.0% | Left the top 10 |
| — | ANSYS INC (ANSS) | 2.4% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Increased | ISHARES TR (IWM) | Call | 467K | 1.53M | $322M |
| Increased | ISHARES TR (IWM) | Put | 234K | 769K | $162M |
| Increased | SPDR S&P 500 ETF TR (SPY) | Put | 4,000 | 193K | $101M |
| Exited | SELECT SECTOR SPDR TR (XLF) | Put | 1.2M | 0 | $0 |
| Exited | BUILDERS FIRSTSOURCE INC (BLDR) | Put | 218K | 0 | $0 |
| Reduced | APPLE INC (AAPL) | Call | 160K | 31,400 | $5.38M |
| Increased | INTEL CORP (INTC) | Put | 73,300 | 652K | $28.8M |
| Reduced | APPLE INC (AAPL) | Put | 160K | 42,300 | $7.25M |
| New | DUPONT DE NEMOURS INC (DD) | Put | 0 | 298K | $22.8M |
| Increased | DEERE & CO (DE) | Put | 7,900 | 62,100 | $25.5M |
| New | SPDR S&P 500 ETF TR (SPY) | Call | 0 | 42,600 | $22.3M |
| Increased | DOMINOS PIZZA INC (DPZ) | Put | 1,100 | 45,000 | $22.4M |
| Increased | CHIPOTLE MEXICAN GRILL INC (CMG) | Put | 300 | 7,700 | $22.4M |
| Reduced | MICROSOFT CORP (MSFT) | Call | 74,600 | 16,200 | $6.82M |
| Increased | THERMO FISHER SCIENTIFIC INC (TMO) | Put | 400 | 35,400 | $20.6M |
| Increased | ELI LILLY & CO (LLY) | Put | 9,600 | 33,300 | $25.9M |
| Increased | COSTCO WHSL CORP NEW (COST) | Put | 1,500 | 28,300 | $20.7M |
| New | HERSHEY CO (HSY) | Put | 0 | 98,600 | $19.2M |
| New | SEAGATE TECHNOLOGY HLDNGS PL (STX) | Put | 0 | 205K | $19.1M |
| Increased | AIRBNB INC (ABNB) | Put | 2,200 | 118K | $19.4M |
| Increased | BRISTOL-MYERS SQUIBB CO (BMY) | Put | 2,200 | 342K | $18.5M |
| New | HERSHEY CO (HSY) | Call | 0 | 93,100 | $18.1M |
| Increased | PFIZER INC (PFE) | Put | 6,300 | 638K | $17.7M |
| Reduced | MICROSOFT CORP (MSFT) | Put | 74,600 | 25,500 | $10.7M |
| New | VALE S A (VALE) | Put | 0 | 1.41M | $17.2M |