Verition Fund Management LLC
Verition Fund Management LLC is a hedge fund headquartered in Greenwich, Connecticut. Founded in 2008 by Nicholas Maounis, the firm has grown to several hundred employees and manages significant institutional assets. Verition offers multi-strategy hedge fund solutions for institutional investors globally, employing teams of portfolio managers, analysts, and support staff to serve its clients.
Investment Strategy
Verition Fund Management employs a multi-strategy hedge fund approach, utilizing a diverse set of investment strategies including event-driven, relative value, equity long/short, macro, and other alternatives. The firm seeks to generate risk-adjusted returns by allocating capital to a range of independent teams and strategies, emphasizing rigorous risk management, diversification, and active portfolio monitoring. The firm typically serves institutional investors seeking absolute returns with controlled volatility.
Top Holdings
Equity Positions (2,702)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
L LQD | ISHARES TR | 1.53% | $343.4M | 3,133,000 | $109.61 | $109.61 | +$342.3M |
N NVDA | NVIDIA CORPORATION | 1.51% | $338.5M | 2,142,684 | $85.22 | $157.99 | -$324.5M |
S SPY | SPDR S&P 500 ETF TR | 0.91% | $204.8M | 331,508 | $578.42 | $617.85 | +$80.8M |
Q QQQ | INVESCO QQQ TR | 0.44% | $99.6M | 180,555 | $520.96 | $551.64 | +$83.5M |
M MSFT | MICROSOFT CORP | 0.41% | $91.2M | 183,415 | $440.04 | $497.41 | -$183.1M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
Q QQQ | INVESCO QQQ TR | Bought | Call | $391.4M | 7,095 | $551.64 | $532.53 | +5,495 | +$316.4M |
H HYG | ISHARES TR | Bought | Put | $341.4M | 42,334 | $80.65 | $79.90 | +24,334 | +$199.4M |
N NVDA | NVIDIA CORPORATION | Sold | Put | $325.4M | 20,596 | $157.99 | $88.49 | -39,386 | -$324.7M |
Q QQQ | INVESCO QQQ TR | Bought | Put | $134.6M | 2,440 | $551.64 | $551.64 | +2,440 | +$134.6M |
X XRT | SPDR SERIES TRUST | New | Call | $115.6M | 15,000 | $77.06 | $77.06 | +15,000 | +$115.6M |