Larry Robbins
Larry Robbins runs Glenview Capital, a hedge fund overseeing $4.69B 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 3 option positions for the 2025Q4 quarter — 1 long-call and 2 long-puts — totaling $219.6M of underlying-share notional value. The largest exposures are a put on HYG, a put on TLT, a call on CRM. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
3 positions · $219.6M notional1 CALL · $22.2M2 PUT · $197.4M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | HYGISHARES TR | 1.8M | $142.9M | 2.9% |
| PUT | TLTISHARES TR | 625K | $54.5M | 1.1% |
| CALL | CRMSALESFORCE COM INC | 84K | $22.2M | 0.5% |
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.