Paloma Partners Management Co

The portfolio is highly concentrated, with the top 10 positions accounting for approximately 76.8% of the total value. The firm moved away from a passive, index-heavy approach (evident in the previous quarter) to a high-conviction, active strategy characterized by large allocations to specific volatile sectors, particularly Chinese technology, cryptocurrency infrastructure, and select semiconductor plays. The turnover rate was exceptionally high, with 30 new positions initiated and 34 positions sold completely.

Key Holdings