13F Insight
DOSSIER · 13F-HR · Q1 2026

SONA ASSET MANAGEMENT (US) LLC

$4.7B in tracked AUM across 605 positions as of Q1 2026.

SA
CIK 0001856405 · last filed Mar 31, 2026
Total AUM
$4.7B
as of Q1 2026
Holdings
605
—
positions
Whale Score
57
57
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Comprehensive Analysis of SEC 13F Filing: SONA ASSET MANAGEMENT (US) LLC Reporting Period: Q3 2025 (Report Date: September 30, 2025)

1. Portfolio Overview

SONA Asset Management reported a significant contraction in portfolio value during Q3 2025, with total assets under management (AUM) decreasing by 26.3%, from $3.56 billion to $2.62 billion. This reduction was not solely attributable to market performance but was driven by a substantial strategic pivot in asset allocation. The fir...

The most striking aspect of this quarter is the aggressive rotation out of fixed income. The firm executed a major de-risking or re-alignment strategy involving the liquidation of over $1.1 billion in bond ETFs. This capital was redeployed into a mix of specific equities, gold, and thematic ETFs, signaling a shift in macroeconomic outlook or risk tolerance.

2. Key Holdings

The portfolio is currently characterized by a high-conviction stance on Chinese equities, gold, and specific US growth stories.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
TLT
ISHARES TR
$883M10.2M18.6%02
SATS
ECHOSTAR CORP
$347M3.0M7.3%03
LI 0.25 05/01/28
LI AUTO INC
$250M250.5M5.3%04
LQD
ISHARES TR
$167M1.5M3.5%05
WBD
WARNER BROS DISCOVERY INC
$163M5.9M3.4%06
EWZ
ISHARES INC
$162M4.2M3.4%07
BKLN
INVESCO EXCH TRADED FD TR II
$158M7.8M3.3%08
AES
AES CORP
$156M11.1M3.3%09
RSP
INVESCO EXCHANGE TRADED FD T
$148M770K3.1%10
BILL 0 04/01/30
BILL HOLDINGS INC
$121M136.3M2.6%

Filing history

2026Q1Mar 31
$4.7B▲ 8.0%
605 positionsView →2025Q4Dec 31
$4.4B▲ 67.5%
270 positionsView →2025Q3Sep 30
$2.6B▼ 26.3%
197 positionsView →2025Q2Jun 30
$3.6B▲ 104.5%
228 positionsLocked2025Q1Mar 31
$1.7B▼ 31.5%
141 positionsLocked2024Q4Dec 31
$2.5B▼ 41.9%
185 positionsLocked2024Q3Sep 30
$4.4B▲ 36.5%
199 positionsLocked2024Q2Jun 30
$3.2B▲ 7.2%
73 positionsLocked2024Q1Mar 31
$3.0B▼ 2.3%
70 positionsLocked2023Q4Dec 31
$3.1B▲ 26.2%
54 positionsLocked2023Q3Sep 30
$2.4B▲ 402.6%
119 positionsLocked2023Q2Jun 30
$482M▲ 3.7%
146 positionsLocked
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