CITADEL ADVISORS LLC quarter change: USA Options, Added
In put and call options, at their filed underlying value (listed in the US), from the quarter ended 2025-12-31 to 2026-03-31, CITADEL ADVISORS LLC opened 961 positions, added to 2,603, reduced 2,824, sold out of 754 and left 19 unchanged. The largest increase in value was SPY (+$4,441,962,988); the largest decrease was TSLA (-$6,131,236,722).
- PROSHARES TR II: Country of operation —; Class ULTRASHORT YEN N · Put; Shares 2025-12-31 10,200; Shares 2026-03-31 59,700.
- KOS: Country of operation Bermuda; Class COM · Put; Shares 2025-12-31 736,300; Shares 2026-03-31 1,190,300.
- FORM: Country of operation United States; Class COM · Call; Shares 2025-12-31 48,000; Shares 2026-03-31 54,800.
- GOLDMAN SACHS PHYSICAL GOLD: Country of operation United States; Class UNIT · Call; Shares 2025-12-31 18,000; Shares 2026-03-31 73,500.
Two Form 13F-HR filings compared (SEC CIK 1423053): 2025-12-31 (filed 2026-02-17) and 2026-03-31 (filed 2026-05-15). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2025-12-31 | Shares 2026-03-31 | Share change | Value 2025-12-31 | Value 2026-03-31 | Value change |
|---|---|---|---|---|---|---|---|---|
| PROSHARES TR II CUSIP 74347W569 | — | ULTRASHORT YEN N · Put | 10,200 | 59,700 | +49,500 | $519,180 | $3,162,906 | +$2,643,726 |
| KOS KOSMOS ENERGY LTD | Bermuda | COM · Put | 736,300 | 1,190,300 | +454,000 | $668,119 | $3,309,034 | +$2,640,915 |
| FORM FORMFACTOR INC | United States | COM · Call | 48,000 | 54,800 | +6,800 | $2,677,440 | $5,315,052 | +$2,637,612 |
| GOLDMAN SACHS PHYSICAL GOLD CUSIP 38150K103 | United States | UNIT · Call | 18,000 | 73,500 | +55,500 | $765,900 | $3,394,965 | +$2,629,065 |
| AUGO AURA MINERALS INC | British Virgin Islands | SHS NEW · Call | 14,100 | 40,900 | +26,800 | $710,852 | $3,337,440 | +$2,626,588 |
| INVESTMENT MANAGERS SER TR I CUSIP 46152A742 | — | TRADR 2X LONG · Call | 72,320 | 218,520 | +146,200 | $1,581,638 | $4,202,140 | +$2,620,502 |
| LBRT LIBERTY ENERGY INC | United States | COM CL A · Put | 222,100 | 232,900 | +10,800 | $4,099,966 | $6,707,520 | +$2,607,554 |
| SKYW SKYWEST INC | United States | COM · Call | 66,100 | 100,500 | +34,400 | $6,637,101 | $9,228,915 | +$2,591,814 |
| ACWI ISHARES TR | United States | MSCI ACWI ETF · Put | 123,200 | 144,700 | +21,500 | $17,431,568 | $20,022,139 | +$2,590,571 |
| BROS DUTCH BROS INC | United States | CL A · Put | 615,500 | 692,700 | +77,200 | $37,680,910 | $35,092,182 | -$2,588,728 |
| TRI THOMSON REUTERS CORP | Canada | COM · Put | 19,800 | 57,700 | +37,900 | $2,611,422 | $5,191,846 | +$2,580,424 |
| TFPM TRIPLE FLAG PRECIOUS METAL | Canada | COM · Call | 67,500 | 138,700 | +71,200 | $2,242,350 | $4,814,277 | +$2,571,927 |
| RBC RBC BEARINGS INC | United States | COM · Call | 2,400 | 6,700 | +4,300 | $1,076,232 | $3,638,904 | +$2,562,672 |
| IRM IRON MTN INC DEL | United States | COM · Put | 90,500 | 98,400 | +7,900 | $7,506,975 | $10,050,576 | +$2,543,601 |
| TAN INVESCO EXCH TRADED FD TR II | United States | SOLAR ETF · Call | 167,200 | 192,900 | +25,700 | $8,212,864 | $10,746,459 | +$2,533,595 |
| IE IVANHOE ELECTRIC INC | Canada | COM · Put | 234,200 | 530,800 | +296,600 | $3,742,516 | $6,274,056 | +$2,531,540 |
| BLDR BUILDERS FIRSTSOURCE INC | United States | COM · Call | 87,800 | 140,400 | +52,600 | $9,033,742 | $11,559,132 | +$2,525,390 |
| FIRST TR EXCHANGE-TRADED FD CUSIP 33737A108 | — | NASDQ CLN EDGE · Call | 5,300 | 20,300 | +15,000 | $811,006 | $3,320,674 | +$2,509,668 |
| EG EVEREST GROUP LTD | Bermuda | COM · Call | 3,300 | 11,100 | +7,800 | $1,119,855 | $3,628,035 | +$2,508,180 |
| GRAL GRAIL INC | United States | COM · Call | 150,960 | 201,700 | +50,740 | $12,920,666 | $10,423,856 | -$2,496,810 |
| VNOM VIPER ENERGY INC | United States | CL A · Put | 85,236 | 122,592 | +37,356 | $3,292,667 | $5,760,598 | +$2,467,931 |
| CPRT COPART INC | United States | COM · Call | 324,000 | 456,400 | +132,400 | $12,684,600 | $15,152,480 | +$2,467,880 |
| ENB ENBRIDGE INC | Canada | COM · Call | 91,300 | 126,200 | +34,900 | $4,366,879 | $6,832,468 | +$2,465,589 |
| SANM SANMINA CORP | United States | COM · Call | 46,300 | 72,500 | +26,200 | $6,948,241 | $9,398,900 | +$2,450,659 |
| DBA INVESCO DB MULTI-SECTOR COMM | United States | AGRICULTURE FD · Call | 19,200 | 107,500 | +88,300 | $489,984 | $2,936,900 | +$2,446,916 |
| SEI SOLARIS ENERGY INFRAS INC | United States | COM CL A · Call | 92,700 | 118,700 | +26,000 | $4,261,419 | $6,707,737 | +$2,446,318 |
| BETR BETTER HOME & FINANCE HOLDIN | United Kingdom | COM NEW CL A · Call | 47,500 | 112,000 | +64,500 | $1,547,550 | $3,989,440 | +$2,441,890 |
| NTGR NETGEAR INC | United States | COM · Put | 33,600 | 148,900 | +115,300 | $824,208 | $3,251,976 | +$2,427,768 |
| TXRH TEXAS ROADHOUSE INC | United States | COM · Call | 20,500 | 35,300 | +14,800 | $3,403,000 | $5,829,442 | +$2,426,442 |
| SPDR SERIES TRUST CUSIP 78464A540 | — | STATE STREET SPD · Call | 4,000 | 16,100 | +12,100 | $612,880 | $3,027,766 | +$2,414,886 |
| ALMS ALUMIS INC | United States | COM · Put | 21,500 | 119,100 | +97,600 | $209,840 | $2,623,773 | +$2,413,933 |
| LKQ LKQ CORP | United States | COM · Call | 156,500 | 243,000 | +86,500 | $4,726,300 | $7,136,910 | +$2,410,610 |
| VFC V F CORP | United States | COM · Put | 2,273,700 | 2,277,800 | +4,100 | $41,108,496 | $38,699,822 | -$2,408,674 |
| REAL THE REALREAL INC | United States | COM · Put | 370,500 | 378,800 | +8,300 | $5,846,490 | $3,439,504 | -$2,406,986 |
| RSI RUSH STREET INTERACTIVE INC | United States | COM · Call | 61,700 | 165,700 | +104,000 | $1,198,831 | $3,603,975 | +$2,405,144 |
| REMX VANECK ETF TRUST | United States | RARE EARTH AND S · Put | 27,500 | 50,300 | +22,800 | $2,032,800 | $4,426,400 | +$2,393,600 |
| NWSA NEWS CORP NEW | United States | CL A · Call | 24,600 | 121,300 | +96,700 | $642,552 | $3,024,009 | +$2,381,457 |
| BILL BILL HOLDINGS INC | United States | COM · Put | 340,000 | 422,000 | +82,000 | $18,543,600 | $16,162,600 | -$2,381,000 |
| JOBY JOBY AVIATION INC | United States | COMMON STOCK · Call | 1,907,500 | 2,760,100 | +852,600 | $25,179,000 | $22,798,426 | -$2,380,574 |
| ETF OPPORTUNITIES TRUST CUSIP 26923N447 | — | T REX 2X LNG NFL · Call | 42,800 | 117,500 | +74,700 | $1,388,432 | $3,768,225 | +$2,379,793 |
| WMG WARNER MUSIC GROUP CORP | United States | COM CL A · Call | 302,100 | 455,300 | +153,200 | $9,265,407 | $11,628,362 | +$2,362,955 |
| SGOL ETFS GOLD TR | United States | PHYSCL GOLD SHS · Put | 24,300 | 75,300 | +51,000 | $998,244 | $3,359,886 | +$2,361,642 |
| HOG HARLEY DAVIDSON INC | United States | COM · Put | 530,000 | 653,800 | +123,800 | $10,859,700 | $13,219,836 | +$2,360,136 |
| CRC CALIFORNIA RES CORP | United States | COM STOCK · Call | 31,029 | 53,976 | +22,947 | $1,387,307 | $3,736,219 | +$2,348,912 |
| INVESTMENT MANAGERS SER TR I CUSIP 46092D202 | — | TRADR 2X LONG QB · Call | 98,100 | 113,700 | +15,600 | $3,245,148 | $900,504 | -$2,344,644 |
| TNK TEEKAY TANKERS LTD | Bermuda | CL A · Call | 11,000 | 39,800 | +28,800 | $587,620 | $2,918,136 | +$2,330,516 |
| HII HUNTINGTON INGALLS INDS INC | United States | COM · Put | 29,700 | 32,700 | +3,000 | $10,100,079 | $12,422,730 | +$2,322,651 |
| CIBR FIRST TR EXCHANGE-TRADED FD | United States | NASDAQ CYB ETF · Call | 41,600 | 84,400 | +42,800 | $2,972,320 | $5,290,192 | +$2,317,872 |
| FTI TECHNIPFMC PLC | United Kingdom | COM · Put | 46,100 | 63,200 | +17,100 | $2,054,216 | $4,369,016 | +$2,314,800 |
| UBS UBS GROUP AG | Switzerland | SHS · Put | 333,100 | 454,000 | +120,900 | $15,425,861 | $17,737,780 | +$2,311,919 |
| MTSI MACOM TECH SOLUTIONS HLDGS I | United States | COM · Put | 6,600 | 15,500 | +8,900 | $1,130,448 | $3,442,085 | +$2,311,637 |
| BN BROOKFIELD CORP | Canada | CL A LTD VT SH · Put | 63,200 | 128,600 | +65,400 | $2,900,248 | $5,204,442 | +$2,304,194 |
| CHKP CHECK POINT SOFTWARE TECH LT | Israel | ORD · Call | 60,300 | 94,400 | +34,100 | $11,189,268 | $13,485,040 | +$2,295,772 |
| FLNG FLEX LNG LTD | Bermuda | SHS · Call | 171,500 | 221,200 | +49,700 | $4,278,925 | $6,571,852 | +$2,292,927 |
| SSNC SS&C TECH HLDGS | United States | COM · Put | 3,200 | 37,900 | +34,700 | $279,744 | $2,560,903 | +$2,281,159 |
| LOPE GRAND CANYON ED INC | United States | COM · Put | 9,600 | 22,800 | +13,200 | $1,596,576 | $3,876,684 | +$2,280,108 |
| ETFIS SER TR I CUSIP 26923G806 | — | VIRTUS REAVES UT · Call | 2,700 | 31,200 | +28,500 | $213,165 | $2,492,880 | +$2,279,715 |
| PROCURE ETF TRUST II CUSIP 74280R205 | — | SPACE ETF · Put | 8,100 | 57,800 | +49,700 | $313,065 | $2,590,018 | +$2,276,953 |
| AM ANTERO MIDSTREAM CORP | United States | COM · Put | 98,100 | 176,400 | +78,300 | $1,745,199 | $4,021,920 | +$2,276,721 |
| SHLD GLOBAL X FDS | United States | DEFENSE TECH ETF · Call | 22,400 | 52,600 | +30,200 | $1,451,296 | $3,726,184 | +$2,274,888 |
| IR INGERSOLL RAND INC | United States | COM · Call | 114,300 | 141,400 | +27,100 | $9,054,846 | $11,328,968 | +$2,274,122 |
| IT GARTNER INC | United States | COM · Put | 33,700 | 68,000 | +34,300 | $8,501,836 | $10,767,120 | +$2,265,284 |
| ISHARES TR CUSIP 464287713 | United States | US TELECOM ETF · Call | 13,400 | 69,100 | +55,700 | $454,260 | $2,717,012 | +$2,262,752 |
| DBX ETF TR CUSIP 233051754 | — | XTRACK CSI 500 A · Call | 18,500 | 73,500 | +55,000 | $716,320 | $2,978,588 | +$2,262,268 |
| BHF BRIGHTHOUSE FINL INC | United States | COM · Call | 91,200 | 136,400 | +45,200 | $5,908,848 | $8,167,632 | +$2,258,784 |
| MDGL MADRIGAL PHARMACEUTICALS INC | United States | COM · Call | 104,900 | 112,400 | +7,500 | $61,087,466 | $58,838,028 | -$2,249,438 |
| HHH HOWARD HUGHES HOLDINGS INC | United States | COM · Call | 74,600 | 129,500 | +54,900 | $5,950,842 | $8,192,170 | +$2,241,328 |
| PFGC PERFORMANCE FOOD GROUP CO | United States | COM · Call | 23,200 | 50,500 | +27,300 | $2,086,144 | $4,325,830 | +$2,239,686 |
| INVESTMENT MANAGERS SER TR I CUSIP 46092D673 | — | TRADR 2X LONG · Put | 130,100 | 183,300 | +53,200 | $3,668,820 | $5,902,260 | +$2,233,440 |
| ARLP ALLIANCE RESOURCE PARTNERS L | United States | UT LTD PART · Call | 81,000 | 148,700 | +67,700 | $1,881,630 | $4,111,555 | +$2,229,925 |
| DNTH DIANTHUS THERAPEUTICS INC | United States | COM · Put | 10,800 | 31,800 | +21,000 | $445,068 | $2,668,656 | +$2,223,588 |
| GOLDMAN SACHS ETF TR CUSIP 38149W622 | — | S&P 500 PREMIUM · Put | 12,100 | 57,000 | +44,900 | $638,880 | $2,852,280 | +$2,213,400 |
| GPGI GPGI INC | United States | COM CL A · Call | 33,100 | 166,500 | +133,400 | $638,168 | $2,847,150 | +$2,208,982 |
| VICR VICOR CORP | United States | COM · Call | 38,500 | 39,900 | +1,400 | $4,219,600 | $6,423,900 | +$2,204,300 |
| FVRR FIVERR INTL LTD | Israel | ORD SHS · Put | 358,700 | 487,700 | +129,000 | $7,087,912 | $4,886,754 | -$2,201,158 |
| APT ALPHA PRO TECH LTD | Canada | COM · Put | 93,200 | 588,200 | +495,000 | $413,808 | $2,611,608 | +$2,197,800 |
| HLF HERBALIFE LTD | Cayman Islands | COM SHS · Call | 793,100 | 843,300 | +50,200 | $10,223,059 | $12,413,376 | +$2,190,317 |
| PROSHARES TR CUSIP 74347R305 | — | PSHS ULTRA DOW30 · Call | 24,900 | 69,200 | +44,300 | $1,415,814 | $3,601,860 | +$2,186,046 |
| INDA ISHARES TR | United States | MSCI INDIA ETF · Call | 464,700 | 489,600 | +24,900 | $25,117,035 | $22,932,864 | -$2,184,171 |
| NEW ERA ENERGY & DIGITAL INC CUSIP 64428N109 | United States | COM · Put | 490,900 | 892,200 | +401,300 | $1,438,337 | $3,622,332 | +$2,183,995 |
| VITL VITAL FARMS INC | United States | COM · Put | 176,000 | 245,600 | +69,600 | $5,621,440 | $3,467,872 | -$2,153,568 |
| SCI SERVICE CORP INTL | United States | COM · Call | 51,700 | 74,900 | +23,200 | $4,031,049 | $6,179,999 | +$2,148,950 |
| TKO TKO GROUP HOLDINGS INC | United States | CL A · Put | 108,500 | 123,100 | +14,600 | $22,676,500 | $24,823,115 | +$2,146,615 |
| AMG AFFILIATED MANAGERS GROUP | United States | COM · Call | 1,500 | 9,300 | +7,800 | $432,420 | $2,573,310 | +$2,140,890 |
| BHF BRIGHTHOUSE FINL INC | United States | COM · Put | 44,300 | 83,600 | +39,300 | $2,870,197 | $5,005,968 | +$2,135,771 |
| MOH MOLINA HEALTHCARE INC | United States | COM · Put | 179,500 | 249,700 | +70,200 | $31,150,430 | $33,285,010 | +$2,134,580 |
| CHRW C H ROBINSON WORLDWIDE IN | United States | COM NEW · Put | 37,500 | 49,100 | +11,600 | $6,028,500 | $8,154,037 | +$2,125,537 |
| WWD WOODWARD INC | United States | COM · Put | 5,900 | 10,900 | +5,000 | $1,783,688 | $3,901,328 | +$2,117,640 |
| JNK SPDR SERIES TRUST | United States | STATE STREET SPD · Put | 5,800 | 28,000 | +22,200 | $563,818 | $2,680,160 | +$2,116,342 |
| GBTC GRAYSCALE BITCOIN TRUST ETF | United States | SHS REP COM UT · Call | 256,000 | 371,800 | +115,800 | $17,500,160 | $19,616,168 | +$2,116,008 |
| PROSHARES TR CUSIP 74347G705 | — | ULTRA ENERGY · Call | 11,000 | 37,600 | +26,600 | $396,990 | $2,510,176 | +$2,113,186 |
| CLH CLEAN HARBORS INC | United States | COM · Call | 7,500 | 13,500 | +6,000 | $1,758,600 | $3,870,855 | +$2,112,255 |
| RL RALPH LAUREN CORP | United States | CL A · Call | 13,600 | 20,100 | +6,500 | $4,809,096 | $6,914,199 | +$2,105,103 |
| BW BABCOCK & WILCOX ENTERPRISES | United States | COM · Put | 113,900 | 192,300 | +78,400 | $722,126 | $2,824,887 | +$2,102,761 |
| BEN FRANKLIN RESOURCES INC | United States | COM · Call | 125,600 | 216,000 | +90,400 | $3,000,584 | $5,101,920 | +$2,101,336 |
| INDA ISHARES TR | United States | MSCI INDIA ETF · Put | 172,800 | 244,100 | +71,300 | $9,339,840 | $11,433,644 | +$2,093,804 |
| AVB AVALONBAY CMNTYS INC | United States | COM · Put | 31,900 | 48,200 | +16,300 | $5,783,789 | $7,873,470 | +$2,089,681 |
| SRE SEMPRA | United States | COM · Call | 19,300 | 38,900 | +19,600 | $1,703,997 | $3,779,913 | +$2,075,916 |
| RLGT RADIANT LOGISTICS INC | United States | COM · Put | 11,600 | 304,800 | +293,200 | $73,428 | $2,148,840 | +$2,075,412 |
| ACIC AMERICAN COASTAL INS CORP | United States | COM · Call | 12,500 | 197,900 | +185,400 | $157,875 | $2,226,375 | +$2,068,500 |