WOLVERINE TRADING, LLC
CIK 927337 · EDGAR ↗
- sum of disclosed values for 2025-09-30; 0 positions have no disclosed value and are left out of the sum, counted here rather than dropped
- $139B
- every reported holding for this filer and quarter, including ones with no disclosed value
- 5,565
- positions with no comparable holding in the prior quarter (kind new), 2025-09-30
- 1,835
- positions absent from this quarter's filing after being held last quarter (kind exit), 2025-09-30 — inferred from absence, not a sale record
- 782
Quarter-end snapshot, filed up to 45 days later — not current holdings. What a 13F covers ↓
Changes · Quarter ended 2025-09-30. Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.
by shares · How classified ↗Period
| position matched across quarters by exact reported CUSIP over a registry gap — never a name match | NEW / ADD / TRIM / EXIT by share count · NO CHANGE = same shares; the value moved with price, so never an ADD or a TRIM · EXIT = absent this quarter (disposed, delisted, confidential, or reported by an affiliate) — the filing does not say which · NO PRIOR = no comparable prior quarter on record (a first filing, or a quarter filed inside an affiliate's report), so not called a new stake · n/c = not classifiable: value undisclosed on one side of the pair, or neither shares nor value can classify it · †v: the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE | derived by Public Filings from the published data; “no value” means the source did not disclose a usable value — never zero | Prev value | Curr value | Prev shares | Curr shares | |
|---|---|---|---|---|---|---|---|
| pos:11570 PUT | TRIM | −$1.4B | −3,190,700 | $9.1B | $7.7B | 14,815,400 | 11,624,700 |
| pos:11570 CALL | ADD | +$2.1B | +2,571,100 | $5.4B | $7.5B | 8,702,600 | 11,273,700 |
| pos:11173 CALL | NEW | +$6.7B | +11,263,800 | $0 | $6.7B | — | 11,263,800 |
| pos:11173 PUT | NEW | +$5.4B | +9,061,900 | $0 | $5.4B | — | 9,061,900 |
| pos:10357 CALL | TRIM | +$1.2B | −144,800 | $3.3B | $4.4B | 10,166,500 | 10,021,700 |
| pos:15642 CALL | TRIM | +$474M | −653,000 | $3.9B | $4.4B | 24,574,800 | 23,921,800 |
| pos:11390 CALL | TRIM | −$120M | −221,600 | $3.3B | $3.2B | 4,557,100 | 4,335,500 |
| pos:15642 PUT | TRIM | +$121M | −1,422,200 | $2.5B | $2.6B | 15,757,400 | 14,335,200 |
| pos:10357 PUT | TRIM | +$578M | −268,200 | $1.9B | $2.5B | 5,823,700 | 5,555,500 |
| pos:11825 CALL | TRIM | +$42.3M | −74,400 | $2.1B | $2.2B | 4,317,800 | 4,243,400 |
| pos:15309 CALL | ADD | −$308M | +51,400 | $2.2B | $1.9B | 5,659,800 | 5,711,200 |
| pos:13215 CALL | NEW | +$1.8B | +7,265,000 | $0 | $1.8B | — | 7,265,000 |
| pos:11237 CALL | ADD | +$454M | +619,600 | $1.4B | $1.8B | 4,592,800 | 5,212,400 |
| pos:11390 PUT | TRIM | −$201M | −302,300 | $1.8B | $1.6B | 2,426,900 | 2,124,600 |
| pos:14175 CALL | NEW | +$1.4B | +6,245,800 | $0 | $1.4B | — | 6,245,800 |
| pos:11825 PUT | TRIM | +$37.2M | −18,300 | $1.2B | $1.3B | 2,499,700 | 2,481,400 |
| pos:15433 PUT | TRIM | −$478M | −269,600 | $1.7B | $1.3B | 1,311,200 | 1,041,600 |
| pos:15433 CALL | TRIM | −$287M | −132,700 | $1.4B | $1.2B | 1,088,800 | 956,100 |
| pos:13215 PUT | NEW | +$1.1B | +4,453,200 | $0 | $1.1B | — | 4,453,200 |
| pos:12445 CALL | ADD | +$306M | +18,000 | $824M | $1.1B | 6,299,900 | 6,317,900 |
| pos:15309 PUT | ADD | −$1.6M | +487,500 | $1.1B | $1.1B | 2,797,700 | 3,285,200 |
| pos:15142 CALL | ADD | +$304M | +148,700 | $730M | $1.0B | 4,086,300 | 4,235,000 |
| pos:12827 CALL | ADD | +$292M | +400,800 | $739M | $1.0B | 2,742,700 | 3,143,500 |
| pos:17452 PUT | ADD | +$195M | +344,000 | $632M | $828M | 1,443,400 | 1,787,400 |
| pos:16115 CALL | ADD | +$220M | +435,100 | $596M | $815M | 1,927,300 | 2,362,400 |
| pos:11237 PUT | TRIM | +$49.5M | −227,800 | $763M | $813M | 2,533,900 | 2,306,100 |
| pos:12827 PUT | ADD | +$233M | +326,600 | $579M | $811M | 2,147,800 | 2,474,400 |
| pos:14175 PUT | NEW | +$769M | +3,460,200 | $0 | $769M | — | 3,460,200 |
| pos:16467 CALL | TRIM | −$129M | −241,400 | $887M | $758M | 2,510,600 | 2,269,200 |
| pos:15702 PUT | TRIM | −$553M | −2,945,800 | $1.3B | $758M | 6,081,000 | 3,135,200 |
| pos:16072 CALL | ADD | +$489M | +1,416,000 | $258M | $747M | 1,225,900 | 2,641,900 |
| pos:11205 CALL | NEW | +$736M | +1,474,900 | $0 | $736M | — | 1,474,900 |
| pos:17821 CALL | ADD | +$257M | +347,900 | $464M | $721M | 2,602,000 | 2,949,900 |
| pos:11938 CALL | TRIM | +$62.1M | −56,400 | $655M | $717M | 948,600 | 892,200 |
| pos:12445 PUT | ADD | +$203M | +96,300 | $504M | $706M | 3,852,800 | 3,949,100 |
| pos:10854 PUT | TRIM | −$155M | −21,800 | $856M | $701M | 150,300 | 128,500 |
| pos:15863 PUT | ADD | +$119M | +211,800 | $557M | $676M | 718,100 | 929,900 |
| pos:17452 CALL | ADD | +$117M | +184,300 | $558M | $675M | 1,273,300 | 1,457,600 |
| pos:15863 CALL | ADD | +$38.0M | +106,800 | $628M | $666M | 809,600 | 916,400 |
| pos:14060 CALL | NEW | +$663M | +4,109,100 | $0 | $663M | — | 4,109,100 |
| pos:16095 CALL | ADD | +$397M | +133,800 | $266M | $663M | 796,500 | 930,300 |
| pos:11570 | TRIM | −$258M | −492,116 | $866M | $608M | 1,407,826 | 915,710 |
| pos:15694 CALL | ADD | +$297M | +835,600 | $255M | $552M | 2,234,100 | 3,069,700 |
| pos:10854 CALL | TRIM | −$143M | −21,000 | $680M | $537M | 119,500 | 98,500 |
| pos:11938 PUT | ADD | +$111M | +52,300 | $421M | $532M | 609,200 | 661,500 |
| pos:12030 CALL | ADD | +$10.1M | +50,100 | $517M | $527M | 524,800 | 574,900 |
| pos:12030 PUT | ADD | +$17.8M | +57,900 | $509M | $526M | 516,200 | 574,100 |
| pos:15702 CALL | TRIM | +$30.3M | −119,900 | $488M | $519M | 2,265,900 | 2,146,000 |
| pos:16115 PUT | ADD | +$157M | +334,600 | $356M | $513M | 1,151,000 | 1,485,600 |
| sid:sec:prov:127f0021d8310eeeecdea8298c5f12e5 CALL | ADD | +$83.2M | +83,300 | $426M | $509M | 750,900 | 834,200 |
| pos:17467 CALL | ADD | +$153M | +312,200 | $346M | $499M | 1,514,200 | 1,826,400 |
| pos:15142 PUT | ADD | +$139M | +85,700 | $323M | $462M | 1,808,200 | 1,893,900 |
| pos:14712 CALL | ADD | +$24.2M | +68,700 | $429M | $454M | 859,800 | 928,500 |
| pos:13899 CALL | ADD | +$172M | +63,800 | $253M | $425M | 3,043,900 | 3,107,700 |
| pos:17214 CALL | NEW | +$404M | +1,863,200 | $0 | $404M | — | 1,863,200 |
| pos:16467 PUT | TRIM | −$76.8M | −151,100 | $479M | $402M | 1,354,900 | 1,203,800 |
| pos:16072 PUT | ADD | +$231M | +614,300 | $167M | $399M | 796,300 | 1,410,600 |
| pos:17467 PUT | ADD | +$131M | +292,500 | $259M | $390M | 1,134,200 | 1,426,700 |
| pos:15567 CALL | NEW | +$389M | +5,991,600 | $0 | $389M | — | 5,991,600 |
| pos:14060 PUT | NEW | +$376M | +2,328,600 | $0 | $376M | — | 2,328,600 |
| pos:18039 CALL | ADD | +$63.8M | +108,600 | $297M | $360M | 1,033,300 | 1,141,900 |
| pos:13043 CALL | TRIM | −$75.2M | −958,800 | $418M | $343M | 4,780,700 | 3,821,900 |
| pos:15221 CALL | TRIM | +$70.6M | −69,600 | $261M | $332M | 2,094,800 | 2,025,200 |
| pos:16095 PUT | TRIM | +$149M | −74,000 | $178M | $327M | 532,700 | 458,700 |
| pos:13214 CALL | ADD | +$186M | +543,100 | $137M | $323M | 901,700 | 1,444,800 |
| pos:14712 PUT | TRIM | −$26.1M | −39,200 | $319M | $293M | 638,900 | 599,700 |
| pos:15221 PUT | ADD | +$102M | +254,500 | $191M | $293M | 1,531,200 | 1,785,700 |
| pos:17821 PUT | ADD | +$96.1M | +101,000 | $193M | $289M | 1,080,600 | 1,181,600 |
| pos:18039 PUT | ADD | +$54.2M | +97,900 | $234M | $288M | 814,700 | 912,600 |
| pos:10534 CALL | ADD | +$80.1M | +33,900 | $207M | $287M | 80,700 | 114,600 |
| pos:11625 PUT | ADD | +$103M | +67,600 | $180M | $283M | 225,900 | 293,500 |
| pos:15694 PUT | ADD | +$161M | +518,400 | $118M | $280M | 1,036,300 | 1,554,700 |
| pos:11625 CALL | ADD | +$131M | +103,400 | $148M | $279M | 186,300 | 289,700 |
| pos:11849 CALL | NEW | +$274M | +801,200 | $0 | $274M | — | 801,200 |
| pos:13214 PUT | ADD | +$207M | +795,800 | $62.2M | $269M | 408,900 | 1,204,700 |
| pos:17214 PUT | NEW | +$264M | +1,215,500 | $0 | $264M | — | 1,215,500 |
| pos:13683 CALL | TRIM | −$45.7M | −22,600 | $307M | $261M | 300,100 | 277,500 |
| pos:12725 CALL | ADD | +$45.6M | +275,400 | $211M | $257M | 771,700 | 1,047,100 |
| pos:11024 CALL | NEW | +$252M | +5,937,800 | $0 | $252M | — | 5,937,800 |
| pos:13490 CALL | ADD | +$27.2M | +133,900 | $225M | $252M | 2,308,600 | 2,442,500 |
| pos:13043 PUT | ADD | +$22.2M | +184,000 | $222M | $244M | 2,539,700 | 2,723,700 |
| pos:17386 CALL | ADD | +$37.1M | +7,900 | $203M | $240M | 390,800 | 398,700 |
| pos:17935 CALL | ADD | +$96.1M | +287,000 | $144M | $240M | 592,400 | 879,400 |
| pos:14206 PUT | TRIM | +$7.1M | −700 | $232M | $239M | 421,100 | 420,400 |
| pos:15168 CALL | ADD | +$112M | +829,500 | $119M | $231M | 1,414,500 | 2,244,000 |
| pos:11205 PUT | NEW | +$229M | +458,300 | $0 | $229M | — | 458,300 |
| pos:12848 CALL | ADD | +$7.6M | +37,800 | $218M | $226M | 625,800 | 663,600 |
| pos:12696 CALL | TRIM | +$16.4M | −19,500 | $209M | $225M | 2,284,100 | 2,264,600 |
| pos:13832 CALL | ADD | −$4.7M | +28,000 | $229M | $225M | 295,400 | 323,400 |
| pos:17290 CALL | ADD | +$47.9M | +165,700 | $171M | $219M | 442,500 | 608,200 |
| pos:11122 CALL | NEW | +$217M | +963,100 | $0 | $217M | — | 963,100 |
| pos:15938 PUT | TRIM | +$10.9M | −66,900 | $205M | $216M | 735,000 | 668,100 |
| pos:15938 CALL | ADD | +$68.6M | +145,000 | $137M | $206M | 492,600 | 637,600 |
| pos:11788 CALL | ADD | +$449K | +16,700 | $205M | $206M | 265,500 | 282,200 |
| pos:10513 CALL | NEW | +$204M | +1,457,300 | $0 | $204M | — | 1,457,300 |
| pos:16484 CALL | TRIM | +$4.9M | −18,800 | $198M | $203M | 639,200 | 620,400 |
| pos:11610 PUT | ADD | +$30.5M | +8,200 | $171M | $201M | 163,000 | 171,200 |
| pos:13490 PUT | ADD | +$18.2M | +74,100 | $177M | $195M | 1,820,800 | 1,894,900 |
| pos:13899 PUT | TRIM | +$73.3M | −25,100 | $119M | $192M | 1,428,500 | 1,403,400 |
| pos:10534 PUT | ADD | +$623K | +1,900 | $180M | $181M | 70,300 | 72,200 |
Ticker: no position here maps to a reviewed ticker. Flags: no row carries a flag.
1–20 of the 100 changes on this page
1–100 of 6,329 changes
Mark-to-market only (no share change) · 18
Positions whose share count is identical in both quarters; the value changed with price, not with a decision.
| position matched across quarters by exact reported CUSIP over a registry gap — never a name match | NEW / ADD / TRIM / EXIT by share count · NO CHANGE = same shares; the value moved with price, so never an ADD or a TRIM · EXIT = absent this quarter (disposed, delisted, confidential, or reported by an affiliate) — the filing does not say which · NO PRIOR = no comparable prior quarter on record (a first filing, or a quarter filed inside an affiliate's report), so not called a new stake · n/c = not classifiable: value undisclosed on one side of the pair, or neither shares nor value can classify it · †v: the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE | derived by Public Filings from the published data; “no value” means the source did not disclose a usable value — never zero | Prev value | Curr value | Prev shares | Curr shares | |
|---|---|---|---|---|---|---|---|
| pos:16696 CALL | NO CHANGE | −$194K | 0 | $3.4M | $3.3M | 19,900 | 19,900 |
| pos:16822 PUT | NO CHANGE | −$77.4K | 0 | $2.9M | $2.8M | 109,000 | 109,000 |
| pos:12573 PUT | NO CHANGE | +$100K | 0 | $2.7M | $2.8M | 33,900 | 33,900 |
| pos:14403 CALL | NO CHANGE | +$430K | 0 | $1.6M | $2.0M | 6,000 | 6,000 |
| sid:sec:prov:1ee09cb41236a1fea9ecab35cc9c9ea5 PUT | NO CHANGE | −$60.6K | 0 | $2.0M | $1.9M | 106,300 | 106,300 |
| pos:17395 CALL | NO CHANGE | +$80.1K | 0 | $1.5M | $1.6M | 25,100 | 25,100 |
| pos:13559 CALL | NO CHANGE | +$189K | 0 | $1.4M | $1.5M | 7,300 | 7,300 |
| sid:sec:prov:c2aae366223358edba55e5b921fb8cd7 PUT | NO CHANGE | +$431K | 0 | $699K | $1.1M | 406,600 | 406,600 |
| pos:11701 CALL | NO CHANGE | +$63.5K | 0 | $1.0M | $1.1M | 3,500 | 3,500 |
| pos:13828 PUT | NO CHANGE | −$39.3K | 0 | $754K | $715K | 21,700 | 21,700 |
| pos:16902 PUT | NO CHANGE | −$3.2K | 0 | $596K | $593K | 6,600 | 6,600 |
| pos:15288 CALL | NO CHANGE | −$38.1K | 0 | $477K | $439K | 1,400 | 1,400 |
| pos:11347 PUT | NO CHANGE | +$22.0K | 0 | $387K | $409K | 1,800 | 1,800 |
| pos:16379 PUT | NO CHANGE | −$27.4K | 0 | $348K | $320K | 2,400 | 2,400 |
| sid:sec:prov:a7416db36c410b37a32b5f9dc28af351 | NO CHANGE | +$16.7K | 0 | $228K | $245K | 9,167 | 9,167 |
| pos:14426 PUT | NO CHANGE | −$2.1K | 0 | $221K | $219K | 2,100 | 2,100 |
| sid:sec:prov:8766956f20f86ceb25bdf4679bc3ae19 | NO CHANGE | +$6.6K | 0 | $209K | $215K | 7,348 | 7,348 |
| sid:sec:prov:b01533b22499271db3ff345718029c00 CALL | NO CHANGE | +$11.9K | 0 | $26.1K | $38.0K | 14,500 | 14,500 |
Ticker: no position here maps to a reviewed ticker. Flags: no row carries a flag.
Holdings without a security ID are counted, not compared. Method ↗
Reported positions
not published in this buildThis build does not ship the holdings list, so the per-filer position list is not served here. Public Filings decided on 2026-08-01 to serve this list from its published build; a build that has not published it says so rather than showing an empty table. The primary source is the filing itself:
Book shape
Tick = median of the 8,035 tracked filers with a 2025-09-30 book (the index median: the 7,935 with a complete book). Concentration uses reported 13F long value, not total assets; the index is withheld when any position lacks a value.- 47.5%below median 79.6%
- integer Herfindahl–Hirschman index in basis points over disclosed position values
- 156 bpsbelow median 440 bps
- holdings with no disclosed value (undisclosed, or unreadable on the filing) — kept and counted, never shown as zero
- 5565 / 5565median book 102 positions
6,347 quarter-over-quarter rows
Filing history
Complete source filings on SEC EDGAR
The filing on EDGAR is the record, including any filed after this build.
Open WOLVERINE TRADING, LLC's 13F filings on SEC EDGAR ↗A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗
13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.
Positions are quarter-end snapshots filed up to 45 days late — not current holdings: a position may have changed or closed since the quarter ended.
Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars; each record notes its original unit.
Affiliated managers may report the same position, so one position can appear under more than one filer.
Positions under confidential treatment may be omitted until a later amendment discloses them.
These are disclosures, not investment advice.