Jim Chanos's top holdings (February 2026) include SPDR Series Trust - SPDR S&P Regional Banking ETF (KRE), an exchange-traded fund designed to track the performance of the S&P Regional Banks Select Industry Index.

Jim Chanos is an American investor and the founder and president of Kynikos Associates, a hedge fund known for its short-selling focus. Through Kynikos, Chanos primarily invests by identifying companies he believes are overvalued or engaged in accounting irregularities, often taking a bearish stance on them. His firm specializes in uncovering potential financial misreporting or unsustainable business models in public companies.

SPDR Series Trust - SPDR S&P Regional Banking ETF (KRE)

The SPDR S&P Regional Banking ETF (KRE) offers exposure to the regional banking segment within the U.S. equity market. It aims to replicate the performance of a diverse collection of regional banks, providing investors with a focused investment in this specific financial sector. The fund has a market capitalization of $9.68M. Jim Chanos's position in KRE is currently valued at $3.43M.
Here's an overview of Jim Chanos's trades in SPDR Series Trust - SPDR S&P Regional Banking ETF:

Invesco Capital Management LLC - Invesco QQQ Trust Series 1 (QQQ)

The Invesco QQQ Trust Series 1 (QQQ) is an exchange-traded fund that tracks the Nasdaq-100 Index, composed of 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market. This ETF is widely recognized for offering exposure to growth-oriented companies, particularly in the technology and internet sectors. The company's market cap stands at $15.29M, while the current value of Jim Chanos's holding is $1.33M.
Here's an overview of Jim Chanos's trades in Invesco Capital Management LLC - Invesco QQQ Trust Series 1:

BlackRock Institutional Trust Company N.A. - iShares Short Treasury Bond ETF (SHV)

The iShares Short Treasury Bond ETF (SHV) provides investment results that correspond generally to the price and yield performance of the ICE U.S. Short Treasury Securities Index. This fund typically invests in U.S. Treasury bonds with remaining maturities between one month and one year. With a market capitalization of $3.66B, this holding in Jim Chanos's portfolio is currently worth $300.95K.
Here's an overview of Jim Chanos's trades in BlackRock Institutional Trust Company N.A. - iShares Short Treasury Bond ETF:

SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)

The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) seeks to track the Bloomberg 1-3 Month U.S. Treasury Bill Index, providing investors with a means to gain exposure to short-term U.S. Treasury bills. These government securities are generally considered low-risk investments due to the backing of the U.S. government. The fund has a market capitalization of $9.68M, and Jim Chanos's current position is valued at $300.15K.
Here's an overview of Jim Chanos's trades in SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF:

Trailblazer Merger Corp I - Ordinary Shares - Class A (TBMC)

Trailblazer Merger Corp I (TBMC) is a Special Purpose Acquisition Company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. SPACs raise capital through an initial public offering (IPO) with the intention of acquiring a private company, thereby taking it public without the traditional IPO process. The current value of Jim Chanos's position in TBMC is $154.35K. The company's discounted cash flow analysis suggests a value of -$0.31 per share.
Here's an overview of Jim Chanos's trades in Trailblazer Merger Corp I - Ordinary Shares - Class A: