Lombard Odier Asset Management (USA) Corp

1. Portfolio Overview

Lombard Odier Asset Management (USA) Corp reported a significant portfolio contraction for the quarter ended September 30, 2025. The total portfolio value decreased by 27.6%, falling from $1.31 billion to $950.44 million. This reduction in assets under management (AUM) appears to be driven by a combination of active deleveraging, profit-taking, and market valuation adjustments rather than a passive market drawdown, given the scale of the specific security s...