Larry Robbins
Larry Robbins runs Glenview Capital, a hedge fund overseeing $4.91B in disclosed equity holdings (SEC CIK 0001138995). The latest portfolio (2025Q4) discloses 54 positions across 8 sectors, with the largest positions in CVS, TEVA and GPN. On a mark-to-market basis the tracked portfolio has returned 36.2% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
What Larry is holding in options
Larry Robbins (Glenview Capital) disclosed 5 option positions for the 2023Q3 quarter — 2 long-calls and 3 long-puts — totaling $740.5M of underlying-share notional value. The largest exposures are a put on SPY, a put on IWM, a call on CI. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
5 positions · $740.5M notional2 CALL · $74.6M3 PUT · $665.8M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | SPYSPDR S&P 500 ETF TR | 1.2M | $513.0M | 11.6% |
| PUT | IWMISHARES TR | 600K | $106.0M | 2.4% |
| CALL | CICIGNA CORP NEW | 245K | $69.9M | 1.6% |
| PUT | ATVIEURACTIVISION BLIZZARD INC | 500K | $46.8M | 1.1% |
| CALL | ATVIEURACTIVISION BLIZZARD INC | 50K | $4.7M | 0.1% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.