Sona Asset Management (us) LLC
SONA Asset Management (US) LLC is a U.S.-registered hedge fund manager headquartered in New York, NY. Founded in 2016, the firm manages assets on behalf of institutional investors, pooled investment vehicles, and sovereign wealth funds. With 26 employees (as of May 2025), the firm's U.S. entity focuses on deploying global credit and event-driven strategies as part of the wider SONA Asset Management group with affiliated offices in the UK, Cayman Islands, and Hong Kong.
Investment Strategy
SONA Asset Management (US) LLC primarily employs a hedge fund strategy with a focus on global credit and event-driven investments. The firm manages multi-billion-dollar funds, allocating capital across credit markets, structured products, and special situations. Their philosophy emphasizes fundamental analysis, disciplined risk management, and active trading to generate risk-adjusted returns for institutional clients. SONA serves pooled investment vehicles and sovereign clients, with almost all assets managed on a discretionary basis.
Top Holdings
Equity Positions (56)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
L LQD | ISHARES TR | 17.79% | $632.9M | 5,774,092 | $108.69 | $109.61 | -$23.8M |
A APO-PA | APOLLO GLOBAL MGMT INC | 4.44% | $158.1M | 2,100,000 | $67.90 | $74.85 | +$37.0M |
I IGSB | ISHARES TR | 3.76% | $133.7M | 2,535,000 | $52.76 | $52.76 | +$133.7M |
V VCIT | VANGUARD SCOTTSDALE FDS | 2.91% | $103.7M | 1,250,000 | $82.41 | $82.92 | +$58.7M |
I IEF | ISHARES TR | 1.95% | $69.4M | 725,000 | $95.37 | $95.77 | -$11.6M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HYG | ISHARES TR | Bought | Put | $171.3M | 21,240 | $80.65 | $74.54 | +1,240 | +$13.5M |
G GLD | SPDR GOLD TR | New | Put | $70.1M | 2,300 | $304.83 | $304.83 | +2,300 | +$70.1M |
Q QQQ | INVESCO QQQ TR | Sold | Call | $61.6M | 1,117 | $551.64 | $468.92 | -2,883 | -$125.9M |
I IEF | ISHARES TR | New | Put | $47.9M | 5,000 | $95.77 | $95.77 | +5,000 | +$47.9M |
T TLT | ISHARES TR | Sold | Put | $43.8M | 4,965 | $88.25 | $87.33 | -1,035 | -$10.8M |