SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Lombard Odier Asset Management (USA) Corp

CIK 0001491719 · 452 FIFTH AVENUE, 25TH FLOOR, NEW YORK, NY, 10018 · 212-295-6200

Reported Value
$1.5B
Q3 2025
Positions
415
Filings on Record
32
2019–present window
Filed
Nov 14, 2025
original filing

Summary

Lombard Odier Asset Management (USA) Corp reported $1.5B in U.S.-listed holdings across 415 positions for Q3 2025.

Its largest position, Strategy, represents 1.5% of the portfolio.

Compared with Q2 2025, the fund opened 117 new positions and exited 64.

Portfolio Metrics

Turnover
+19.9%
vs prior filed quarter
Top-10 Concentration
+6.4%
share of reported value
Largest Position
+1.5%
Strategy
New / Exited
117 / 64
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.3BQ4 ’18Q1 ’19: $1.2BQ2 ’19: $1.2BQ3 ’19: $1.0BQ4 ’19: $1.1BQ4 ’19Q1 ’20: $963MQ2 ’20: $1.4BQ3 ’20: $1.5BQ4 ’20: $2.1BQ4 ’20Q1 ’21: $2.7BQ2 ’21: $2.5BQ3 ’21: $2.3BQ4 ’21: $2.6BQ4 ’21Q1 ’22: $2.7BQ2 ’22: $2.6BQ3 ’22: $3.4BQ4 ’22: $3.9BQ4 ’22Q1 ’23: $4.5BQ2 ’23: $4.7BQ3 ’23: $4.5BQ4 ’23: $5.5BQ4 ’23Q1 ’24: $4.1BQ2 ’24: $1.4BQ3 ’24: $1.5BQ4 ’24: $1.4BQ4 ’24Q1 ’25: $1.3BQ2 ’25: $1.3BQ3 ’25: $1.5BQ4 ’25: $1.1BQ4 ’25Q1 ’26: $957Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 56.3%ETP: 33.6%US DOMESTIC: 4.5%Other: 3.6%ADR: 1.0%Other: 1.0%
  • Common Stock · 56.3% · $839M
  • ETP · 33.6% · $500M
  • US DOMESTIC · 4.5% · $67M
  • Other · 3.6% · $54M
  • ADR · 1.0% · $16M
  • Other · 1.0% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NDQINVESCO QQQ TRNEW+30.0K30.0K+$18M$18M
BACBANK AMERICA CORPNEW+200.0K200.0K+$10M$10M
UNITI GROUP LLCNEW+5.25M5.25M+$6M$6M
SLVISHARES SILVER TRNEW+90.0K90.0K+$4M$4M
BEBLOOM ENERGY CORPNEW+45.0K45.0K+$4M$4M
GLWCORNING INCNEW+36.6K36.6K+$3M$3M
U6ZURANIUM ENERGY CORPNEW+222.1K222.1K+$3M$3M
BSXBOSTON SCIENTIFIC CORPNEW+27.8K27.8K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2025

12 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1STRATEGY INCNOTE 0.875% 3/11.48%$22M14.00M
2RIVIAN AUTOMOTIVE INCNOTE 4.625% 3/11.05%$16M15.00M
3NCL CORP LTDNOTE 1.125% 2/11.00%$15M14.50M
4KOSMOS ENERGY LTDNOTE 3.125% 3/10.61%$9M14.00M
5SLNSILENCE THERAPEUTICS PLCADS0.48%$7M1.84M
6RSGREPUBLIC SVCS INCCOM0.47%$7M30.4K
7UNITI GROUP LLCNOTE 7.500%12/00.38%$6M5.25M
8BACVERIZON COMMUNICATIONS INCCOM0.34%$5M114.0K
9GOOGLALPHABET INCCAP STK CL A0.32%$5M19.6K
10RBCRBC BEARINGS INCCOM0.32%$5M12.0K
11T7DTRANSDIGM GROUP INCCOM0.31%$5M3.5K
12INTCINTEL CORPCOM0.30%$5M135.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$957M263May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.1B213Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.5B415Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.3B362Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.3B198May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.4B284Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.5B260Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.4B246Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.1B342May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$5.5B350Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.5B331Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$4.7B355Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$4.5B299May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.9B316Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.4B384Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.6B362Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.7B327May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.6B352Feb 18, 2022RESTATEMENTchanges · EDGAR ↗
Q3 2021$2.3B318Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.5B285Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.7B301May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.1B242Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.5B222Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.4B241Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$963M181May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.1B225Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.0B245Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.2B225Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.2B244May 16, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$1.3B228Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.