Sona Asset Management (us) LLC Institutional Portfolio (13F)

CIK: 0001856405

Diversified strategyHigh-turnover traderMomentum follower

Total reported value

$4.7B

Reporting period: 2026-03-31 · Number of holdings: 605

SONA ASSET MANAGEMENT (US) LLC disclosed 605 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $4.7B and a quarterly turnover rate of 137.6%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 21.69
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 73.55
Diversification: 100
Sizing Uniformity: 58.9

Sona Asset Management (us) LLC's disclosed holdings carry a Herfindahl concentration index of 0.054 — mathematically equivalent to about 18 equally-sized positions, well below its 605 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 4.11), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 31% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Add TLT
+748.5%　$778.0M
Trim LQD
-78.1%　-$605.5M
Add ECHO
+872.7%　$313.8M
Trim QQQ
-75.5%　-$261.2M
Add LI 0.25 05-01-28
+695.2%　$217.9M
Add BKLN
+2323.5%　$151.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 605 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	TLT	Ishares 20+ Year Treasury Bd	ETF-Gov Bonds	18.61%	+16.23%	+748.45%
2	ECHO	Echostar Corp-a	Stock-Comm Services	7.31%	+6.56%	+872.75%
3	LI 0.25 05-01-28	Li Auto INC	Stock-Other	5.27%	+4.55%	+695.24%
4	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	ETF-Corp Bonds	3.52%	-14.07%	-78.13%
5	WBD	Warner Bros Discovery INC	Stock-Comm Services	3.44%	+2.78%	+493.62%
6	EWZ	Ishares Msci Brazil ETF	ETF-Other	3.41%	+1.02%	+27.58%
7	BKLN	Invesco Senior Loan ETF	ETF-Other	3.33%	+3.18%	+2323.49%
8	AES	Aes CORP	Stock-Utilities	3.28%	+3.28%	NEW
9	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	3.12%	+0.31%	+19.42%
10	BILL 0 04-01-30	Bill Holdings INC	Stock-Tech	2.56%	+0.88%	+70.11%
11	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	2.51%	+2.51%	NEW
12	AKAM 1.125 02-15-29	Akamai Technologies INC	Stock-Tech	2.25%	+1.21%	+101.92%
13	TCOM 0.75 06-15-29	Trip.com Group LTD	Stock-Consumer Disc	2.19%	+0.37%	+53.85%
14	ETSY 0.125 10-01-26	Etsy INC	Stock-Consumer Disc	1.80%	-0.95%	-26.84%
15	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	1.64%	-6.08%	-75.54%
16	DKNG 0 03-15-28	Draftkings Holdings INC	Stock-Consumer Disc	1.49%	+0.80%	+138.30%
17	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	1.39%	-1.34%	-44.74%
18	VCIT	Vanguard Int-term Corporate	ETF-Corp Bonds	1.22%	+1.22%	NEW
19	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	1.20%	+1.04%	+719.69%
20	✓	Kyivstar Group LTD	Stock-Other	1.18%	—	-7.06%
21	ECH	Ishares Msci Chile ETF	ETF-Other	1.13%	+1.13%	NEW
22	SPLB	Ss Spdr P Long Term C ETF	ETF-Other	1.10%	+1.10%	NEW
23	FOUR 0.5 08-01-27	Shift4 Payments INC	Stock-Tech	0.90%	+0.90%	NEW
24	EWU	Ishares Msci United Kingdom	ETF-Other	0.86%	+0.86%	NEW
25	SLAB	Silicon Laboratories INC	Stock-Tech	0.77%	+0.77%	NEW
26	✓	Blue Acquisition CORP.	Stock-Other	0.72%	—	+70.51%
27	IBIT	Ishares Bitcoin Trust ETF	ETF-Crypto	0.61%	—	+102.27%
28	TTE	Totalenergies Se	Stock-Other	0.59%	+0.59%	NEW
29	HTHT 3 05-01-26	H World Group LTD	Stock-Other	0.57%	—	-33.33%
30	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	0.52%	-1.72%	-75.00%
31	EWY	Ishares Msci South Korea ETF	ETF-Other	0.51%	—	+267.92%
32	COIN 0.5 06-01-26	Coinbase Global INC	Stock-Financials	0.47%	—	-9.99%
33	NSC	Norfolk Southern CORP	Stock-Industrials	0.42%	-2.50%	-84.45%
34	SMH	Vaneck Semiconductor ETF	ETF-Other	0.40%	—	—
35	MSFT	Microsoft CORP	Stock-Tech	0.39%	—	—
36	✓	Soren Acquisition CORP	Stock-Other	0.39%	—	—
37	NVDA	Nvidia CORP	Stock-Tech	0.37%	-0.59%	-55.56%
38	EWJ	Ishares Msci Japan ETF	ETF-Other	0.36%	—	+225.20%
39	✓	Lafayette Digital Acquisitio	Stock-Other	0.35%	—	—
40	IGV	Ishares Expanded Tech-softwa	ETF-Tech	0.34%	—	—
41	MCHP 0.75 06-01-30	Microchip Technology INC	Stock-Tech	0.31%	-1.24%	-78.53%
42	W 1 08-15-26	Wayfair INC	Stock-Consumer Disc	0.29%	—	—
43	DBC	Invesco Db Commodity Index T	ETF-Commodities	0.29%	—	—
44	✓	Bitdeer Technologies Group	Stock-Other	0.28%	—	+77.12%
45	XME	Ss Spdr S&p Metals Mining	ETF-Other	0.23%	—	—
46	✓	Fortress Value Acqu CORP V	Stock-Other	0.21%	—	—
47	✓	Averin Cap Acquisition CORP	Stock-Other	0.21%	—	—
48	✓	Mountain Lake Acquisit CORP	Stock-Other	0.21%	—	—
49	OBDC	Blue Owl Capital CORP	Stock-Financials	0.21%	—	—
50	✓	Cambridge Acquisition CORP	Stock-Other	0.20%	—	—

1–50 of 200

Portfolio Performance

Performance for Q3 2026

-1.2%

Performance Last 4 Quarters

+8.7%

Based on 57% of reported portfolio value with available pricing

Stdev: +13.9%
Beta: +0.89
Alpha: -9%
Max Drawdown: -6.5%
Annualized Perf: +11.1%
Batting Avg vs S&P: +25%
Sortino: +1.89
Stutzer: +0.26
Treynor: +0.13
Sterling: +0.67
Calmar: +1.71
Information Ratio: -1.48
Tracking Error: +7.8%
Stdev Down: +6.1%
Winning Months %: +70%
Losing Months %: +30%
Best 12 Months: +20.6%
Worst 12 Months: +0.7%
Efficiency Ratio: +0.34
Sharpe: +0.82
Stdev Sectors: +12.1%
Skewness: +1.62
Kurtosis: +3.94
Upside Potential: +3.72

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	605	$4.7B	100	1TLT 2ECHO 3LI 0.25 05-01-28 Top holdings2026-03-31 1.TLT 2.ECHO 3.LI 0.25 05-01-28 4.LQD 5.WBD 6.EWZ 7.BKLN 8.AES 9.RSP 10.BILL 0 04-01-30
2025-12-31	270	$4.4B	100	1LQD 2QQQ 3INTC Top holdings2025-12-31 1.LQD 2.QQQ 3.INTC 4.ON 0.5 03-01-29 5.SPY 6.NSC 7.RSP 8.ETSY 0.125 10-01-26 9.IGSB 10.ITRI 0 03-15-26
2025-09-30	284	$4.1B	100	1BABA 0.5 06-01-31 2TLT 3LQD Top holdings2025-09-30 1.BABA 0.5 06-01-31 2.TLT 3.LQD 4.HYG 5.GLD 6.APO 6.75 07-31-26 7.EMB 8.UBER 0 12-15-25 9.F 0 03-15-26 10.ARKK
2025-06-30	228	$3.6B	0	1LQD 2HYG 3APO 6.75 07-31-26 Top holdings2025-06-30 1.LQD 2.HYG 3.APO 6.75 07-31-26 4.BABA 0.5 06-01-31 5.IGSB 6.IEF 7.ABNB 0 03-15-26 8.UBER 0 12-15-25 9.ON 0.5 03-01-29 10.F 0 03-15-26
2025-03-31	201	$3.3B	0	1LQD 2TLT 3QQQ Top holdings2025-03-31 1.LQD 2.TLT 3.QQQ 4.HYG 5.ABNB 0 03-15-26 6.APO 6.75 07-31-26 7.PDD 0 12-01-25 8.DFSEUR 9.IEF 10.AKAM 0.125 05-01-25
2024-12-31	185	$2.5B	0	1HYG 2RCL 6 08-15-25 3TLT Top holdings2024-12-31 1.HYG 2.RCL 6 08-15-25 3.TLT 4.SEALTD 2.375 12-01-25 5.AAL 6.5 07-01-25 6.HPE 7.625 09-01-27 7.PDD 0 12-01-25 8.NEE 7.299 06-01-27 9.LUV 1.25 05-01-25 10.APO 6.75 07-31-26
2024-09-30	199	$4.4B	0	1IEF 2LQD 3SPY Top holdings2024-09-30 1.IEF 2.LQD 3.SPY 4.HYG 5.RCL 6 08-15-25 6.IWM 7.PDD 0 12-01-25 8.SEALTD 2.375 12-01-25 9.HPE 7.625 09-01-27 10.NCLH 2.5 02-15-27
2024-06-30	73	$3.2B	0	1IEF 2HYG 3LQD Top holdings2024-06-30 1.IEF 2.HYG 3.LQD 4.RCL 6 08-15-25 5.W 1 08-15-26 6.SEALTD 2.375 12-01-25 7.NCLH 2.5 02-15-27 8.ALB 7.25 03-01-27 9.PDD 0 12-01-25 10.NEE 7.299 06-01-27
2024-03-31	70	$3.0B	0	1HYG 2IEF 3LQD Top holdings2024-03-31 1.HYG 2.IEF 3.LQD 4.EMB 5.SPY 6.RCL 6 08-15-25 7.ALB 7.25 03-01-27 8.SEALTD 2.375 12-01-25 9.Z 0.75 09-01-24 10.NCLH 2.5 02-15-27
2023-12-31	54	$3.1B	0	1HYG 2APO 6.75 07-31-26 3RCL 6 08-15-25 Top holdings2023-12-31 1.HYG 2.APO 6.75 07-31-26 3.RCL 6 08-15-25 4.X 5 11-01-26 5.NSIT 0.75 02-15-25 6.PDD 0 12-01-25 7.RPD 0.25 03-15-27 8.NCLH 2.5 02-15-27 9.W 3.25 09-15-27 10.BMRN 0.599 08-01-24
2023-09-30	119	$2.4B	0	1HYG 2APO 6.75 07-31-26 3NSIT 0.75 02-15-25 Top holdings2023-09-30 1.HYG 2.APO 6.75 07-31-26 3.NSIT 0.75 02-15-25 4.NCLH 2.5 02-15-27 5.RPD 0.25 03-15-27 6.TLT 7.GFR 8.NBIX 2.25 05-15-24 9.DBX 0 03-01-28 10.BMRN 0.599 08-01-24
2023-06-30	146	$482.4M	0	1NSIT 0.75 02-15-25 2DBX 0 03-01-26 3U 0 11-15-26 Top holdings2023-06-30 1.NSIT 0.75 02-15-25 2.DBX 0 03-01-26 3.U 0 11-15-26 4.NTNX 0.25 10-01-27 5.LITE 0.25 03-15-24 6.VTNRUSD 7.BKNG 0.75 05-01-25 8.SEALTD 0.25 09-15-26 9.NBIX 2.25 05-15-24 10.LQD
2023-03-31	163	$465.0M	0	1HYG 2OSH 0 03-15-26 3NSIT 0.75 02-15-25 Top holdings2023-03-31 1.HYG 2.OSH 0 03-15-26 3.NSIT 0.75 02-15-25 4.DBX 0 03-01-26 5.SEALTD 0.25 09-15-26 6.U 0 11-15-26 7.BKNG 0.75 05-01-25 8.ABBV 9.NTNX 0.25 10-01-27 10.ON 0 05-01-27
2022-12-31	275	$347.3M	0	1HYG2G8T10C3VTNRUSD Top holdings2022-12-31 1.HYG 2.G8T10C 3.VTNRUSD 4.SDRL 5.G8657L 6.MANU 7.ABBV 8.SICP 9.ULCC 10.CEG
2022-09-30	342	$168.5M	0	1LQD2G8T10C3HYG Top holdings2022-09-30 1.LQD 2.G8T10C 3.HYG 4.VTNRUSD 5.G8657L 6.STZ 7.TWTRUSD 8.ULCC 9.CEG 10.36263W
2022-06-30	335	$102.8M	0	1G8T10C2G8657L3TWTRUSD Top holdings2022-06-30 1.G8T10C 2.G8657L 3.TWTRUSD 4.ULCC 5.CEG 6.36263W 7.G7S24C 8.APO 9.G31067 10.00775W
2022-03-31	251	$175.1M	0	1G8T10C2G8657L348253T Top holdings2022-03-31 1.G8T10C 2.G8657L 3.48253T 4.G8T10C 5.87301L 6.G0509L 7.G0411R 8.G23726 9.ULCC 10.CEG
2021-12-31	353	$190.1M	0	1MDB 0.25 01-15-262G8T10C3IQ 4 12-15-26 Top holdings2021-12-31 1.MDB 0.25 01-15-26 2.G8T10C 3.IQ 4 12-15-26 4.INSM 0.75 06-01-28 5.PCRX 2.375 04-01-22 6.PANW 0.375 06-01-25 7.G8657L 8.PDD 0 12-01-25 9.PXD 0.25 05-15-25 10.PR 3.25 04-01-28

Holding changes this quarter

Sona Asset Management (us) LLC's most significant position changes for 2026-03-31: New buy: Aes CORP (AES); Sold out: Intel CORP (INTC); Sold out: On Semiconductor CORP (ON 0.5 03-01-29); New buy: Ishares Msci Emerging Market (EEM); Sold out: Itron INC (ITRI 0 03-15-26).

Position changes disclosed by Sona Asset Management (us) LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TLT	Ishares 20+ Year Treasury Bd	+16.2%	+748.45%	Add
2	ECHO	Echostar Corp-a	+6.6%	+872.75%	Add
3	LI 0.25 05-01-28	Li Auto INC	+4.6%	+695.24%	Add
4	BKLN	Invesco Senior Loan ETF	+3.2%	+2323.49%	Add
5	WBD	Warner Bros Discovery INC	+2.8%	+493.62%	Add
6	AKAM 1.125 02-15-29	Akamai Technologies INC	+1.2%	+101.92%	Add
7	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	+1%	+719.69%	Add
8	EWZ	Ishares Msci Brazil ETF	+1%	+27.58%	Add
9	BILL 0 04-01-30	Bill Holdings INC	+0.9%	+70.11%	Add
10	DKNG 0 03-15-28	Draftkings Holdings INC	+0.8%	+138.30%	Add
11	TCOM 0.75 06-15-29	Trip.com Group LTD	+0.4%	+53.85%	Add
12	RSP	Invesco S&p 500 Equal Weight	+0.3%	+19.42%	Add
13	NVDA	Nvidia CORP	-0.6%	-55.56%	Trim
14	DCH	Dauch Corporation	-0.6%	-80.91%	Trim
15	ETSY 0.125 10-01-26	Etsy INC	-1%	-26.84%	Trim
16	MCHP 0.75 06-01-30	Microchip Technology INC	-1.2%	-78.53%	Trim
17	IGSB	Ishares 1-5y Inv Grade CORP	-1.3%	-44.74%	Trim
18	IWM	Ishares Russell 2000 ETF	-1.7%	-75.00%	Trim
19	NSC	Norfolk Southern CORP	-2.5%	-84.45%	Trim
20	SPY	Ss Spdr S&p 500 ETF Trust-us	-3%	-97.00%	Trim
21	QQQ	Invesco Qqq Trust Series 1	-6.1%	-75.54%	Trim
22	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	-14.1%	-78.13%	Trim
23	AES	Aes CORP	—	NEW	New buy
24	INTC	Intel CORP	—	EXIT	Sold out
25	ON 0.5 03-01-29	On Semiconductor CORP	—	EXIT	Sold out
26	EEM	Ishares Msci Emerging Market	—	NEW	New buy
27	ITRI 0 03-15-26	Itron INC	—	EXIT	Sold out
28	TXNM	Txnm Energy INC	—	EXIT	Sold out
29	AKAM 0.375 09-01-27	Akamai Technologies INC	—	EXIT	Sold out
30	KMB	Kimberly-clark CORP	—	EXIT	Sold out
31	JAZZ 2 06-15-26	Jazz Investments I LTD	—	EXIT	Sold out
32	APO 6.75 07-31-26	Apollo Global Management	—	EXIT	Sold out
33	VCIT	Vanguard Int-term Corporate	—	NEW	New buy
34	ECH	Ishares Msci Chile ETF	—	NEW	New buy
35	SPLB	Ss Spdr P Long Term C ETF	—	NEW	New buy
36	F 0 03-15-26	Ford Motor Company	—	EXIT	Sold out
37	DXCM 0.375 05-15-28	Dexcom INC	—	EXIT	Sold out
38	FOUR 0.5 08-01-27	Shift4 Payments INC	—	NEW	New buy
39	COIN 0.25 04-01-30	Coinbase Global INC	—	EXIT	Sold out
40	EWU	Ishares Msci United Kingdom	—	NEW	New buy
41	TYL 0.25 03-15-26	Tyler Technologies INC	—	EXIT	Sold out
42	SLAB	Silicon Laboratories INC	—	NEW	New buy
43	ALB 7.25 03-01-27	Albemarle CORP	—	EXIT	Sold out
44	HPE 7.625 09-01-27	Hp Enterprise Co	—	EXIT	Sold out
45	DBX 0 03-01-26	Dropbox INC	—	EXIT	Sold out
46	MSTR	Strategy INC	—	EXIT	Sold out
47	SPOT 0 03-15-26	Spotify USA INC	—	EXIT	Sold out
48	TTE	Totalenergies Se	—	NEW	New buy
49	DBX 0 03-01-28	Dropbox INC	—	EXIT	Sold out
50	BBIO 2.25 02-01-29	Bridgebio Pharma INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-21	Amendment	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-13	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-13	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-11	13F-HR	View on EDGAR

FAQ

What is Sona Asset Management (us) LLC and what type of investor is it?

Sona Asset Management (us) LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $4.7B, spread across 605 disclosed positions.

What are Sona Asset Management (us) LLC's largest equity positions?

Based on the latest 13F filing, Sona Asset Management (us) LLC's top holdings by market value are: 1. Ishares 20+ Year Treasury Bd (TLT) — $882.6M (18.6%) 2. Echostar Corp-a (ECHO) — $346.9M (7.3%) 3. Li Auto INC (LI 0.25 05-01-28) — $249.7M (5.3%) 4. Ishr Ibx Usd Invgd Cb Etf-ui (LQD) — $167.1M (3.5%) 5. Warner Bros Discovery INC (WBD) — $163.0M (3.4%)

What changes did Sona Asset Management (us) LLC make in its most recent portfolio filing?

In the latest reported quarter, Sona Asset Management (us) LLC made 50 notable position adjustments: 9 new positions were initiated, 12 existing holdings were added to, 10 positions were partially reduced, and 19 were completely exited. The largest of these moves: New buy: Aes CORP (AES); Sold out: Intel CORP (INTC); Sold out: On Semiconductor CORP (ON 0.5 03-01-29); New buy: Ishares Msci Emerging Market (EEM); Sold out: Itron INC (ITRI 0 03-15-26)

What sectors does Sona Asset Management (us) LLC focus on?

Sona Asset Management (us) LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Communication Services: 34.6% • Information Technology: 27.1% • Consumer Discretionary: 19.5% • Utilities: 10.5% • Financials: 4.6% • Industrials: 1.8%

Peer Institutions

Institutions with a similar AUM

Junto Capital Management LP

CIK 0001595880

Total reported value

$4.7B

87 stks

2026-03-31

Concentration6.1

Portfolio Stability100.0

Sector conviction57.2

AUM within 0.0% of this institution

View detail

Twin Tree Management, LP

CIK 0001535588

Total reported value

$4.7B

1,240 stks

2026-03-31

Concentration8.5

Portfolio Stability100.0

Sector conviction46.0

AUM within 0.1% of this institution

View detail

Resolution Capital Ltd

CIK 0001612389

Total reported value

$4.8B

40 stks

2026-03-31

Concentration31.1

Portfolio Stability24.0

Sector conviction100.0

AUM within 0.3% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Marble Bar Asset Management LLP

CIK 0001346570

Total reported value

$101.8M

30 stks

2026-03-31

Concentration100.0

Portfolio Stability100.0

Sector conviction100.0

2 of the top 5 holdings overlap, including Warner Bros Discovery INC

View detail

Brigade Capital Management, LP

CIK 0001421306

Total reported value

$805.8M

23 stks

2026-03-31

Concentration84.0

Portfolio Stability100.0

Sector conviction100.0

2 of the top 5 holdings overlap, including Ishares 20+ Year Treasury Bd

View detail

Brevan Howard Capital Management LP

CIK 0001512857

Total reported value

$11.3B

2,477 stks

2026-03-31

Concentration10.8

Portfolio Stability91.3

Sector conviction47.4

2 of the top 5 holdings overlap, including Ishares 20+ Year Treasury Bd

View detail

Sona Asset Management (us) LLC Institutional Portfolio (13F)

CIK: 0001856405

Diversified strategyHigh-turnover traderMomentum follower

Total reported value

$4.7B

Reporting period: 2026-03-31 · Number of holdings: 605

SONA ASSET MANAGEMENT (US) LLC disclosed 605 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $4.7B and a quarterly turnover rate of 137.6%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 21.69
Portfolio Stability: 100
Momentum/Contrarian: 100
Sector conviction: 73.55
Diversification: 100
Sizing Uniformity: 58.9

Position sizes vary widely across the portfolio (a coefficient of variation of 4.11), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add TLT
+748.5%　$778.0M
Trim LQD
-78.1%　-$605.5M
Add ECHO
+872.7%　$313.8M
Trim QQQ
-75.5%　-$261.2M
Add LI 0.25 05-01-28
+695.2%　$217.9M
Add BKLN
+2323.5%　$151.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 605 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	TLT	Ishares 20+ Year Treasury Bd	ETF-Gov Bonds	18.61%	+16.23%	+748.45%
2	ECHO	Echostar Corp-a	Stock-Comm Services	7.31%	+6.56%	+872.75%
3	LI 0.25 05-01-28	Li Auto INC	Stock-Other	5.27%	+4.55%	+695.24%
4	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	ETF-Corp Bonds	3.52%	-14.07%	-78.13%
5	WBD	Warner Bros Discovery INC	Stock-Comm Services	3.44%	+2.78%	+493.62%
6	EWZ	Ishares Msci Brazil ETF	ETF-Other	3.41%	+1.02%	+27.58%
7	BKLN	Invesco Senior Loan ETF	ETF-Other	3.33%	+3.18%	+2323.49%
8	AES	Aes CORP	Stock-Utilities	3.28%	+3.28%	NEW
9	RSP	Invesco S&p 500 Equal Weight	ETF-Large Cap & Growth	3.12%	+0.31%	+19.42%
10	BILL 0 04-01-30	Bill Holdings INC	Stock-Tech	2.56%	+0.88%	+70.11%
11	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	2.51%	+2.51%	NEW
12	AKAM 1.125 02-15-29	Akamai Technologies INC	Stock-Tech	2.25%	+1.21%	+101.92%
13	TCOM 0.75 06-15-29	Trip.com Group LTD	Stock-Consumer Disc	2.19%	+0.37%	+53.85%
14	ETSY 0.125 10-01-26	Etsy INC	Stock-Consumer Disc	1.80%	-0.95%	-26.84%
15	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	1.64%	-6.08%	-75.54%
16	DKNG 0 03-15-28	Draftkings Holdings INC	Stock-Consumer Disc	1.49%	+0.80%	+138.30%
17	IGSB	Ishares 1-5y Inv Grade CORP	ETF-Other	1.39%	-1.34%	-44.74%
18	VCIT	Vanguard Int-term Corporate	ETF-Corp Bonds	1.22%	+1.22%	NEW
19	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	1.20%	+1.04%	+719.69%
20	✓	Kyivstar Group LTD	Stock-Other	1.18%	—	-7.06%
21	ECH	Ishares Msci Chile ETF	ETF-Other	1.13%	+1.13%	NEW
22	SPLB	Ss Spdr P Long Term C ETF	ETF-Other	1.10%	+1.10%	NEW
23	FOUR 0.5 08-01-27	Shift4 Payments INC	Stock-Tech	0.90%	+0.90%	NEW
24	EWU	Ishares Msci United Kingdom	ETF-Other	0.86%	+0.86%	NEW
25	SLAB	Silicon Laboratories INC	Stock-Tech	0.77%	+0.77%	NEW
26	✓	Blue Acquisition CORP.	Stock-Other	0.72%	—	+70.51%
27	IBIT	Ishares Bitcoin Trust ETF	ETF-Crypto	0.61%	—	+102.27%
28	TTE	Totalenergies Se	Stock-Other	0.59%	+0.59%	NEW
29	HTHT 3 05-01-26	H World Group LTD	Stock-Other	0.57%	—	-33.33%
30	IWM	Ishares Russell 2000 ETF	ETF-Small Cap	0.52%	-1.72%	-75.00%
31	EWY	Ishares Msci South Korea ETF	ETF-Other	0.51%	—	+267.92%
32	COIN 0.5 06-01-26	Coinbase Global INC	Stock-Financials	0.47%	—	-9.99%
33	NSC	Norfolk Southern CORP	Stock-Industrials	0.42%	-2.50%	-84.45%
34	SMH	Vaneck Semiconductor ETF	ETF-Other	0.40%	—	—
35	MSFT	Microsoft CORP	Stock-Tech	0.39%	—	—
36	✓	Soren Acquisition CORP	Stock-Other	0.39%	—	—
37	NVDA	Nvidia CORP	Stock-Tech	0.37%	-0.59%	-55.56%
38	EWJ	Ishares Msci Japan ETF	ETF-Other	0.36%	—	+225.20%
39	✓	Lafayette Digital Acquisitio	Stock-Other	0.35%	—	—
40	IGV	Ishares Expanded Tech-softwa	ETF-Tech	0.34%	—	—
41	MCHP 0.75 06-01-30	Microchip Technology INC	Stock-Tech	0.31%	-1.24%	-78.53%
42	W 1 08-15-26	Wayfair INC	Stock-Consumer Disc	0.29%	—	—
43	DBC	Invesco Db Commodity Index T	ETF-Commodities	0.29%	—	—
44	✓	Bitdeer Technologies Group	Stock-Other	0.28%	—	+77.12%
45	XME	Ss Spdr S&p Metals Mining	ETF-Other	0.23%	—	—
46	✓	Fortress Value Acqu CORP V	Stock-Other	0.21%	—	—
47	✓	Averin Cap Acquisition CORP	Stock-Other	0.21%	—	—
48	✓	Mountain Lake Acquisit CORP	Stock-Other	0.21%	—	—
49	OBDC	Blue Owl Capital CORP	Stock-Financials	0.21%	—	—
50	✓	Cambridge Acquisition CORP	Stock-Other	0.20%	—	—

1–50 of 200

Portfolio Performance

Performance for Q3 2026

-1.2%

Performance Last 4 Quarters

+8.7%

Based on 57% of reported portfolio value with available pricing

Stdev: +13.9%
Beta: +0.89
Alpha: -9%
Max Drawdown: -6.5%
Annualized Perf: +11.1%
Batting Avg vs S&P: +25%
Sortino: +1.89
Stutzer: +0.26
Treynor: +0.13
Sterling: +0.67
Calmar: +1.71
Information Ratio: -1.48
Tracking Error: +7.8%
Stdev Down: +6.1%
Winning Months %: +70%
Losing Months %: +30%
Best 12 Months: +20.6%
Worst 12 Months: +0.7%
Efficiency Ratio: +0.34
Sharpe: +0.82
Stdev Sectors: +12.1%
Skewness: +1.62
Kurtosis: +3.94
Upside Potential: +3.72

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	605	$4.7B	100	1TLT 2ECHO 3LI 0.25 05-01-28 Top holdings2026-03-31 1.TLT 2.ECHO 3.LI 0.25 05-01-28 4.LQD 5.WBD 6.EWZ 7.BKLN 8.AES 9.RSP 10.BILL 0 04-01-30
2025-12-31	270	$4.4B	100	1LQD 2QQQ 3INTC Top holdings2025-12-31 1.LQD 2.QQQ 3.INTC 4.ON 0.5 03-01-29 5.SPY 6.NSC 7.RSP 8.ETSY 0.125 10-01-26 9.IGSB 10.ITRI 0 03-15-26
2025-09-30	284	$4.1B	100	1BABA 0.5 06-01-31 2TLT 3LQD Top holdings2025-09-30 1.BABA 0.5 06-01-31 2.TLT 3.LQD 4.HYG 5.GLD 6.APO 6.75 07-31-26 7.EMB 8.UBER 0 12-15-25 9.F 0 03-15-26 10.ARKK
2025-06-30	228	$3.6B	0	1LQD 2HYG 3APO 6.75 07-31-26 Top holdings2025-06-30 1.LQD 2.HYG 3.APO 6.75 07-31-26 4.BABA 0.5 06-01-31 5.IGSB 6.IEF 7.ABNB 0 03-15-26 8.UBER 0 12-15-25 9.ON 0.5 03-01-29 10.F 0 03-15-26
2025-03-31	201	$3.3B	0	1LQD 2TLT 3QQQ Top holdings2025-03-31 1.LQD 2.TLT 3.QQQ 4.HYG 5.ABNB 0 03-15-26 6.APO 6.75 07-31-26 7.PDD 0 12-01-25 8.DFSEUR 9.IEF 10.AKAM 0.125 05-01-25
2024-12-31	185	$2.5B	0	1HYG 2RCL 6 08-15-25 3TLT Top holdings2024-12-31 1.HYG 2.RCL 6 08-15-25 3.TLT 4.SEALTD 2.375 12-01-25 5.AAL 6.5 07-01-25 6.HPE 7.625 09-01-27 7.PDD 0 12-01-25 8.NEE 7.299 06-01-27 9.LUV 1.25 05-01-25 10.APO 6.75 07-31-26
2024-09-30	199	$4.4B	0	1IEF 2LQD 3SPY Top holdings2024-09-30 1.IEF 2.LQD 3.SPY 4.HYG 5.RCL 6 08-15-25 6.IWM 7.PDD 0 12-01-25 8.SEALTD 2.375 12-01-25 9.HPE 7.625 09-01-27 10.NCLH 2.5 02-15-27
2024-06-30	73	$3.2B	0	1IEF 2HYG 3LQD Top holdings2024-06-30 1.IEF 2.HYG 3.LQD 4.RCL 6 08-15-25 5.W 1 08-15-26 6.SEALTD 2.375 12-01-25 7.NCLH 2.5 02-15-27 8.ALB 7.25 03-01-27 9.PDD 0 12-01-25 10.NEE 7.299 06-01-27
2024-03-31	70	$3.0B	0	1HYG 2IEF 3LQD Top holdings2024-03-31 1.HYG 2.IEF 3.LQD 4.EMB 5.SPY 6.RCL 6 08-15-25 7.ALB 7.25 03-01-27 8.SEALTD 2.375 12-01-25 9.Z 0.75 09-01-24 10.NCLH 2.5 02-15-27
2023-12-31	54	$3.1B	0	1HYG 2APO 6.75 07-31-26 3RCL 6 08-15-25 Top holdings2023-12-31 1.HYG 2.APO 6.75 07-31-26 3.RCL 6 08-15-25 4.X 5 11-01-26 5.NSIT 0.75 02-15-25 6.PDD 0 12-01-25 7.RPD 0.25 03-15-27 8.NCLH 2.5 02-15-27 9.W 3.25 09-15-27 10.BMRN 0.599 08-01-24
2023-09-30	119	$2.4B	0	1HYG 2APO 6.75 07-31-26 3NSIT 0.75 02-15-25 Top holdings2023-09-30 1.HYG 2.APO 6.75 07-31-26 3.NSIT 0.75 02-15-25 4.NCLH 2.5 02-15-27 5.RPD 0.25 03-15-27 6.TLT 7.GFR 8.NBIX 2.25 05-15-24 9.DBX 0 03-01-28 10.BMRN 0.599 08-01-24
2023-06-30	146	$482.4M	0	1NSIT 0.75 02-15-25 2DBX 0 03-01-26 3U 0 11-15-26 Top holdings2023-06-30 1.NSIT 0.75 02-15-25 2.DBX 0 03-01-26 3.U 0 11-15-26 4.NTNX 0.25 10-01-27 5.LITE 0.25 03-15-24 6.VTNRUSD 7.BKNG 0.75 05-01-25 8.SEALTD 0.25 09-15-26 9.NBIX 2.25 05-15-24 10.LQD
2023-03-31	163	$465.0M	0	1HYG 2OSH 0 03-15-26 3NSIT 0.75 02-15-25 Top holdings2023-03-31 1.HYG 2.OSH 0 03-15-26 3.NSIT 0.75 02-15-25 4.DBX 0 03-01-26 5.SEALTD 0.25 09-15-26 6.U 0 11-15-26 7.BKNG 0.75 05-01-25 8.ABBV 9.NTNX 0.25 10-01-27 10.ON 0 05-01-27
2022-12-31	275	$347.3M	0	1HYG2G8T10C3VTNRUSD Top holdings2022-12-31 1.HYG 2.G8T10C 3.VTNRUSD 4.SDRL 5.G8657L 6.MANU 7.ABBV 8.SICP 9.ULCC 10.CEG
2022-09-30	342	$168.5M	0	1LQD2G8T10C3HYG Top holdings2022-09-30 1.LQD 2.G8T10C 3.HYG 4.VTNRUSD 5.G8657L 6.STZ 7.TWTRUSD 8.ULCC 9.CEG 10.36263W
2022-06-30	335	$102.8M	0	1G8T10C2G8657L3TWTRUSD Top holdings2022-06-30 1.G8T10C 2.G8657L 3.TWTRUSD 4.ULCC 5.CEG 6.36263W 7.G7S24C 8.APO 9.G31067 10.00775W
2022-03-31	251	$175.1M	0	1G8T10C2G8657L348253T Top holdings2022-03-31 1.G8T10C 2.G8657L 3.48253T 4.G8T10C 5.87301L 6.G0509L 7.G0411R 8.G23726 9.ULCC 10.CEG
2021-12-31	353	$190.1M	0	1MDB 0.25 01-15-262G8T10C3IQ 4 12-15-26 Top holdings2021-12-31 1.MDB 0.25 01-15-26 2.G8T10C 3.IQ 4 12-15-26 4.INSM 0.75 06-01-28 5.PCRX 2.375 04-01-22 6.PANW 0.375 06-01-25 7.G8657L 8.PDD 0 12-01-25 9.PXD 0.25 05-15-25 10.PR 3.25 04-01-28

Holding changes this quarter

Position changes disclosed by Sona Asset Management (us) LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TLT	Ishares 20+ Year Treasury Bd	+16.2%	+748.45%	Add
2	ECHO	Echostar Corp-a	+6.6%	+872.75%	Add
3	LI 0.25 05-01-28	Li Auto INC	+4.6%	+695.24%	Add
4	BKLN	Invesco Senior Loan ETF	+3.2%	+2323.49%	Add
5	WBD	Warner Bros Discovery INC	+2.8%	+493.62%	Add
6	AKAM 1.125 02-15-29	Akamai Technologies INC	+1.2%	+101.92%	Add
7	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	+1%	+719.69%	Add
8	EWZ	Ishares Msci Brazil ETF	+1%	+27.58%	Add
9	BILL 0 04-01-30	Bill Holdings INC	+0.9%	+70.11%	Add
10	DKNG 0 03-15-28	Draftkings Holdings INC	+0.8%	+138.30%	Add
11	TCOM 0.75 06-15-29	Trip.com Group LTD	+0.4%	+53.85%	Add
12	RSP	Invesco S&p 500 Equal Weight	+0.3%	+19.42%	Add
13	NVDA	Nvidia CORP	-0.6%	-55.56%	Trim
14	DCH	Dauch Corporation	-0.6%	-80.91%	Trim
15	ETSY 0.125 10-01-26	Etsy INC	-1%	-26.84%	Trim
16	MCHP 0.75 06-01-30	Microchip Technology INC	-1.2%	-78.53%	Trim
17	IGSB	Ishares 1-5y Inv Grade CORP	-1.3%	-44.74%	Trim
18	IWM	Ishares Russell 2000 ETF	-1.7%	-75.00%	Trim
19	NSC	Norfolk Southern CORP	-2.5%	-84.45%	Trim
20	SPY	Ss Spdr S&p 500 ETF Trust-us	-3%	-97.00%	Trim
21	QQQ	Invesco Qqq Trust Series 1	-6.1%	-75.54%	Trim
22	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	-14.1%	-78.13%	Trim
23	AES	Aes CORP	—	NEW	New buy
24	INTC	Intel CORP	—	EXIT	Sold out
25	ON 0.5 03-01-29	On Semiconductor CORP	—	EXIT	Sold out
26	EEM	Ishares Msci Emerging Market	—	NEW	New buy
27	ITRI 0 03-15-26	Itron INC	—	EXIT	Sold out
28	TXNM	Txnm Energy INC	—	EXIT	Sold out
29	AKAM 0.375 09-01-27	Akamai Technologies INC	—	EXIT	Sold out
30	KMB	Kimberly-clark CORP	—	EXIT	Sold out
31	JAZZ 2 06-15-26	Jazz Investments I LTD	—	EXIT	Sold out
32	APO 6.75 07-31-26	Apollo Global Management	—	EXIT	Sold out
33	VCIT	Vanguard Int-term Corporate	—	NEW	New buy
34	ECH	Ishares Msci Chile ETF	—	NEW	New buy
35	SPLB	Ss Spdr P Long Term C ETF	—	NEW	New buy
36	F 0 03-15-26	Ford Motor Company	—	EXIT	Sold out
37	DXCM 0.375 05-15-28	Dexcom INC	—	EXIT	Sold out
38	FOUR 0.5 08-01-27	Shift4 Payments INC	—	NEW	New buy
39	COIN 0.25 04-01-30	Coinbase Global INC	—	EXIT	Sold out
40	EWU	Ishares Msci United Kingdom	—	NEW	New buy
41	TYL 0.25 03-15-26	Tyler Technologies INC	—	EXIT	Sold out
42	SLAB	Silicon Laboratories INC	—	NEW	New buy
43	ALB 7.25 03-01-27	Albemarle CORP	—	EXIT	Sold out
44	HPE 7.625 09-01-27	Hp Enterprise Co	—	EXIT	Sold out
45	DBX 0 03-01-26	Dropbox INC	—	EXIT	Sold out
46	MSTR	Strategy INC	—	EXIT	Sold out
47	SPOT 0 03-15-26	Spotify USA INC	—	EXIT	Sold out
48	TTE	Totalenergies Se	—	NEW	New buy
49	DBX 0 03-01-28	Dropbox INC	—	EXIT	Sold out
50	BBIO 2.25 02-01-29	Bridgebio Pharma INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-21	Amendment	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-13	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-13	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-11	13F-HR	View on EDGAR