Alphadyne Asset Management, LLC

Hedge Fund • Global Macro

Alphadyne Asset Management, LLC is a Global Macro Hedge Fund based in New York, NY led by Ian Jason Evans, reporting $147.37B in AUM as of Q3 2025 with 82% ETF concentration, 90% concentrated in top 10 holdings, and 34% allocation to SPY.

PresidentIan Jason Evans

Portfolio Value: $148.1M
Positions: 52
Top Holding: SPY at 34.4%
Last Reported: Q3 2025

Address17 State Street, 30th Floor, New York, NY, 10004, United States

Top Holdings

Largest long holdings in Alphadyne Asset Management, LLC's portfolio (89.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$51.0M	34.40%	+$51.0M Bought	— 76.5K shares	Q3 2025 Held for 2 months
2 iShares Russell 2000 IWM	ETF ETF	$39.3M	26.51%	+$38.1M Bought	— 162.3K shares	Q2 2023 Held for 2y 5m
3 Invesco QQQ Trust QQQ	ETF ETF	$21.5M	14.52%	+$8.0M Bought	— 35.8K shares	Q1 2025 Held for 8 months
4 iShares U.S. Home Construction ITB	ETF ETF	$5.5M	3.74%	+$4.5M Bought	— 51.7K shares	Q2 2025 Held for 5 months
5 Global X Uranium URA	ETF ETF	$4.8M	3.22%	+$4.8M Bought	— 100.0K shares	Q3 2025 Held for 2 months
6 Adobe ADBE	Software - Infrastructure Technology	$2.9M	1.95%	+$2.9M Bought	0.00% 8.2K shares	Q2 2025 Held for 5 months
7 Alcoa AA	Aluminum Basic Materials	$2.5M	1.67%	+$2.5M New	0.03% 75.0K shares	Q3 2025 Held for 2 months
8 Vistra VST	Independent Power Producers Utilities	$2.1M	1.45%	+$2.1M Bought	0.00% 10.9K shares	Q2 2025 Held for 5 months
9 RIO Rio Tinto RIO	Unknown Unknown	$2.0M	1.34%	+$2.0M New	— 30.0K shares	Q3 2025 Held for 2 months
10 United Parcel Service, Inc. UPS	Integrated Freight & Logistics Industrials	$1.5M	0.99%	+$1.5M Bought	0.00% 17.6K shares	Q2 2025 Held for 5 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Alphadyne Asset Management, LLC's latest filing

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Market Value

$148.1M

Prior: $32.9M

Q/Q Change

+349.68%

+$115.2M

Net Flows % of MV

+33.49%

Turnover Ratio

50.3%

New Purchases

24 stocks

$12.3M

Added To

8 stocks

+$55.1M

Sold Out Of

21 stocks

$17.4M

Reduced Holdings

3 stocks

-$414.6K

Increased Positions

Position	Shares Δ	Change
1 Alcoa AA	New	0 → 75.0K +$2.5M
2 RIO Rio Tinto RIO	New	0 → 30.0K +$2.0M
3 Atlassian TEAM	New	0 → 8.3K +$1.3M
4 Target TGT	New	0 → 12.2K +$1.1M
5 MicroStrategy MSTR	New	0 → 3.0K +$966.3K

Decreased Positions

Position	Shares Δ	Change
1 GLD SPDR Gold Trust GLD	Sold	24.2K → 0 −$7.4M
2 iShares China Large-Cap ETF FXI	Sold	113.1K → 0 −$4.2M
3 BABA Alibaba Group Holding Limited BABA	Sold	21.9K → 0 −$2.5M
4 PayPal Holdings, Inc. PYPL	Sold	6.1K → 0 −$456.9K
5 Eli Lilly LLY	Sold	511.0 → 0 −$398.3K

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Analytics

Portfolio insights and performance metrics for Alphadyne Asset Management, LLC

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Sector Allocation

ETF

82.40%

Technology

7.00%

Basic Materials

1.70%

Consumer Cyclical

1.60%

Utilities

1.40%

Industrials

1.10%

Consumer Defensive

0.80%

Healthcare

0.80%

Communication Services

0.70%

Energy

0.20%

Financial Services

0.10%

Market Cap Distribution

Mega Cap (> $200B)

3.39%

Large Cap ($10B - $200B)

9.90%

Mid Cap ($2B - $10B)

2.13%

N/A (ETF or Unknown)

84.58%

Portfolio Concentration

Top 10 Holdings %

89.79%

Top 20 Holdings %

96.23%

Top 50 Holdings %

99.99%

Top 100 Holdings %

100.0%