Optiver Holding B.V. Hedge Fund

CIK: 0001859606 · Show all filings

Period: Q1 2021 (Next →)

Filing Date: May 20, 2021

Total Value ($000): $61,779,127 (1.4% shares, 98.6% debt)

Holdings (195)

SPDR S&P 500 ETF TR 38.2%
Value ($000) $23,630,097 Shares 59,668,100 Est. Cost Unrealized
SPDR S&P 500 ETF TR 18.2%
Value ($000) $11,224,058 Shares 28,340,100 Est. Cost Unrealized
INVESCO QQQ TR 5.9%
Value ($000) $3,625,281 Shares 11,367,900 Est. Cost Unrealized
TESLA INC 4.8%
Value ($000) $2,992,264 Shares 4,478,700 Est. Cost Unrealized
AMAZON COM INC 3.7%
Value ($000) $2,276,778 Shares 735,600 Est. Cost Unrealized
TESLA INC 3.7%
Value ($000) $2,269,904 Shares 3,397,500 Est. Cost Unrealized
INVESCO QQQ TR 2.8%
Value ($000) $1,742,593 Shares 5,464,300 Est. Cost Unrealized
ISHARES TR 2.5%
Value ($000) $1,566,226 Shares 7,116,000 Est. Cost Unrealized
AMAZON COM INC 2.2%
Value ($000) $1,339,882 Shares 432,900 Est. Cost Unrealized
ISHARES TR 2.0%
Value ($000) $1,228,638 Shares 5,582,200 Est. Cost Unrealized
SPDR GOLD TR 1.6%
Value ($000) $984,081 Shares 6,152,100 Est. Cost Unrealized
ISHARES TR 1.5%
Value ($000) $954,101 Shares 16,828,100 Est. Cost Unrealized
APPLE INC 1.3%
Value ($000) $788,746 Shares 6,460,100 Est. Cost Unrealized
SPDR GOLD TR 1.2%
Value ($000) $763,162 Shares 4,771,000 Est. Cost Unrealized
APPLE INC 1.0%
Value ($000) $595,176 Shares 4,874,700 Est. Cost Unrealized
ISHARES TR 0.8%
Value ($000) $522,113 Shares 9,383,500 Est. Cost Unrealized
ISHARES INC 0.7%
Value ($000) $425,788 Shares 12,729,200 Est. Cost Unrealized
ASML HOLDING N V 0.5%
Value ($000) $326,522 Shares 528,900 Est. Cost Unrealized
FACEBOOK INC 0.5%
Value ($000) $295,377 Shares 1,002,400 Est. Cost Unrealized
ISHARES INC 0.4%
Value ($000) $276,364 Shares 8,262,000 Est. Cost Unrealized
ASML HOLDING N V 0.4%
Value ($000) $259,723 Shares 420,700 Est. Cost Unrealized
ISHARES SILVER TR 0.4%
Value ($000) $249,265 Shares 10,991,400 Est. Cost Unrealized
FACEBOOK INC 0.4%
Value ($000) $227,014 Shares 770,400 Est. Cost Unrealized
ISHARES SILVER TR 0.2%
Value ($000) $149,211 Shares 6,579,500 Est. Cost Unrealized
PETROLEO BRASILEIRO SA PETRO 0.2%
Value ($000) $147,578 Shares 17,403,100 Est. Cost Unrealized
VALE S A 0.2%
Value ($000) $133,734 Shares 7,694,700 Est. Cost Unrealized
ALPHABET INC 0.2%
Value ($000) $127,689 Shares 61,800 Est. Cost Unrealized
NOK NOKIA CORP 0.2%
Value ($000) $126,337 Shares 31,903,333 Est. Cost $3.96 Unrealized
SAP SE 0.2%
Value ($000) $108,448 Shares 883,200 Est. Cost Unrealized
BP PLC 0.2%
Value ($000) $106,918 Shares 4,390,900 Est. Cost Unrealized
BP BP PLC 0.2%
Value ($000) $95,989 Shares 3,942,059 Est. Cost $24.35 Unrealized
PETROLEO BRASILEIRO SA PETRO 0.1%
Value ($000) $89,827 Shares 10,592,800 Est. Cost Unrealized
ALPHABET INC 0.1%
Value ($000) $87,605 Shares 42,400 Est. Cost Unrealized
ROYAL DUTCH SHELL PLC 0.1%
Value ($000) $71,412 Shares 1,887,700 Est. Cost Unrealized
ROYAL DUTCH SHELL PLC 0.1%
Value ($000) $71,191 Shares 1,880,500 Est. Cost Unrealized
VALE S A 0.1%
Value ($000) $68,469 Shares 3,939,500 Est. Cost Unrealized
ALPHABET INC 0.1%
Value ($000) $63,428 Shares 30,600 Est. Cost Unrealized
ASML ASML HOLDING N V 0.1%
Value ($000) $59,397 Shares 96,212 Est. Cost $617.36 Unrealized
BP PLC 0.1%
Value ($000) $55,939 Shares 2,297,300 Est. Cost Unrealized
ALPHABET INC 0.1%
Value ($000) $55,344 Shares 26,700 Est. Cost Unrealized
ITAU UNIBANCO HLDG S A 0.1%
Value ($000) $53,724 Shares 10,831,400 Est. Cost Unrealized
ARCELORMITTAL SA LUXEMBOURG 0.1%
Value ($000) $48,793 Shares 1,672,700 Est. Cost Unrealized
ARCELORMITTAL SA LUXEMBOURG 0.1%
Value ($000) $48,460 Shares 1,661,300 Est. Cost Unrealized
PBR PETROLEO BRASILEIRO SA PETRO 0.1%
Value ($000) $47,977 Shares 5,657,702 Est. Cost $8.48 Unrealized
RIO TINTO PLC 0.1%
Value ($000) $46,264 Shares 595,800 Est. Cost Unrealized
NOVARTIS AG 0.1%
Value ($000) $45,407 Shares 531,200 Est. Cost Unrealized
UNILEVER PLC 0.1%
Value ($000) $43,676 Shares 782,300 Est. Cost Unrealized
ANHEUSER BUSCH INBEV SA/NV 0.1%
Value ($000) $42,681 Shares 679,100 Est. Cost Unrealized
NVS NOVARTIS AG 0.1%
Value ($000) $41,083 Shares 480,612 Est. Cost $85.48 Unrealized
ROYAL DUTCH SHELL PLC 0.1%
Value ($000) $40,655 Shares 1,103,842 Est. Cost $36.83 Unrealized
AZN ASTRAZENECA PLC 0.1%
Value ($000) $37,867 Shares 761,613 Est. Cost $49.72 Unrealized
NOVARTIS AG 0.1%
Value ($000) $37,244 Shares 435,700 Est. Cost Unrealized
ITAU UNIBANCO HLDG S A 0.1%
Value ($000) $35,307 Shares 7,118,400 Est. Cost Unrealized
BANCO BRADESCO S A 0.1%
Value ($000) $33,919 Shares 7,938,550 Est. Cost Unrealized
MT ARCELORMITTAL SA LUXEMBOURG 0.1%
Value ($000) $32,964 Shares 1,130,071 Est. Cost $29.17 Unrealized
MICROSOFT CORP 0.1%
Value ($000) $31,681 Shares 134,200 Est. Cost Unrealized
BCS BARCLAYS PLC 0.0%
Value ($000) $28,539 Shares 2,789,702 Est. Cost $10.23 Unrealized
VODAFONE GROUP PLC NEW 0.0%
Value ($000) $26,869 Shares 1,457,900 Est. Cost Unrealized
HSBC HLDGS PLC 0.0%
Value ($000) $26,308 Shares 902,800 Est. Cost Unrealized
BARCLAYS BANK PLC 0.0%
Value ($000) $25,934 Shares 2,274,900 Est. Cost Unrealized
VALE VALE S A 0.0%
Value ($000) $25,195 Shares 1,449,672 Est. Cost $17.38 Unrealized
BBD BANCO BRADESCO S A 0.0%
Value ($000) $25,129 Shares 5,881,310 Est. Cost $4.27 Unrealized
PBR/A PETROLEO BRASILEIRO SA PETRO 0.0%
Value ($000) $24,676 Shares 2,889,421 Est. Cost $8.54 Unrealized
BHP GROUP LTD 0.0%
Value ($000) $23,787 Shares 342,800 Est. Cost Unrealized
BHP GROUP LTD 0.0%
Value ($000) $23,502 Shares 338,700 Est. Cost Unrealized
ITUB ITAU UNIBANCO HLDG S A 0.0%
Value ($000) $23,259 Shares 4,689,408 Est. Cost $4.96 Unrealized
SAP SE 0.0%
Value ($000) $23,121 Shares 188,300 Est. Cost Unrealized
EWZ ISHARES INC 0.0%
Value ($000) $23,106 Shares 690,772 Est. Cost $33.45 Unrealized
HSBC HLDGS PLC 0.0%
Value ($000) $22,184 Shares 761,300 Est. Cost Unrealized
STMICROELECTRONICS N V 0.0%
Value ($000) $21,729 Shares 566,900 Est. Cost Unrealized
GALAPAGOS NV 0.0%
Value ($000) $17,507 Shares 227,100 Est. Cost Unrealized
VODAFONE GROUP PLC NEW 0.0%
Value ($000) $17,330 Shares 940,300 Est. Cost Unrealized
DIAGEO PLC 0.0%
Value ($000) $17,127 Shares 104,300 Est. Cost Unrealized
MICROSOFT CORP 0.0%
Value ($000) $16,809 Shares 71,200 Est. Cost Unrealized
GLAXOSMITHKLINE PLC 0.0%
Value ($000) $16,796 Shares 470,600 Est. Cost Unrealized
ASTRAZENECA PLC 0.0%
Value ($000) $16,795 Shares 337,800 Est. Cost Unrealized
LYG LLOYDS BANKING GROUP PLC 0.0%
Value ($000) $15,860 Shares 6,836,094 Est. Cost $2.32 Unrealized
AMZN AMAZON COM INC 0.0%
Value ($000) $15,788 Shares 5,101 Est. Cost $158.51 Unrealized 0.0%
BARCLAYS BANK PLC 0.0%
Value ($000) $15,658 Shares 1,373,500 Est. Cost Unrealized
STMICROELECTRONICS N V 0.0%
Value ($000) $15,577 Shares 406,400 Est. Cost Unrealized
DIAGEO PLC 0.0%
Value ($000) $15,436 Shares 94,000 Est. Cost Unrealized
RIO TINTO PLC 0.0%
Value ($000) $15,212 Shares 195,900 Est. Cost Unrealized
AAPL APPLE INC 0.0%
Value ($000) $13,174 Shares 107,899 Est. Cost $125.06 Unrealized 0.0%
MSFT MICROSOFT CORP 0.0%
Value ($000) $12,909 Shares 54,682 Est. Cost $222.90 Unrealized 0.0%
ANHEUSER BUSCH INBEV SA/NV 0.0%
Value ($000) $11,715 Shares 186,400 Est. Cost Unrealized
NATIONAL GRID PLC 0.0%
Value ($000) $11,238 Shares 189,700 Est. Cost Unrealized
GLAXOSMITHKLINE PLC 0.0%
Value ($000) $10,960 Shares 307,100 Est. Cost Unrealized
PAGSEGURO DIGITAL LTD 0.0%
Value ($000) $10,890 Shares 235,200 Est. Cost Unrealized
ABB LTD 0.0%
Value ($000) $10,863 Shares 356,500 Est. Cost Unrealized
ERICSSON 0.0%
Value ($000) $10,094 Shares 765,300 Est. Cost Unrealized
ARGENX SE 0.0%
Value ($000) $9,501 Shares 34,500 Est. Cost Unrealized
AEGON N V 0.0%
Value ($000) $9,414 Shares 1,990,329 Est. Cost $4.73 Unrealized
ISHARES TR 0.0%
Value ($000) $9,213 Shares 68,000 Est. Cost Unrealized
HSBC HSBC HLDGS PLC 0.0%
Value ($000) $8,925 Shares 306,284 Est. Cost $29.14 Unrealized
UNILEVER PLC 0.0%
Value ($000) $8,765 Shares 157,000 Est. Cost Unrealized
ASTRAZENECA PLC 0.0%
Value ($000) $8,741 Shares 175,800 Est. Cost Unrealized
NATWEST GROUP PLC 0.0%
Value ($000) $8,616 Shares 1,604,392 Est. Cost $5.37 Unrealized
ARGENX SE 0.0%
Value ($000) $8,482 Shares 30,800 Est. Cost Unrealized
ERICSSON 0.0%
Value ($000) $8,456 Shares 641,100 Est. Cost Unrealized
BUD ANHEUSER BUSCH INBEV SA/NV 0.0%
Value ($000) $8,180 Shares 130,151 Est. Cost $62.85 Unrealized
GOOGL ALPHABET INC 0.0%
Value ($000) $7,975 Shares 3,865 Est. Cost $97.95 Unrealized 0.0%
BRITISH AMERN TOB PLC 0.0%
Value ($000) $6,923 Shares 178,700 Est. Cost Unrealized
EMBJ EMBRAER S.A. 0.0%
Value ($000) $6,879 Shares 687,246 Est. Cost $10.01 Unrealized
KONINKLIJKE PHILIPS N V 0.0%
Value ($000) $6,313 Shares 110,700 Est. Cost Unrealized
NATIONAL GRID PLC 0.0%
Value ($000) $6,208 Shares 104,800 Est. Cost Unrealized
BANCO BRADESCO S A 0.0%
Value ($000) $5,777 Shares 1,352,100 Est. Cost Unrealized
EQNR EQUINOR ASA 0.0%
Value ($000) $5,555 Shares 285,455 Est. Cost $19.46 Unrealized
CREDIT SUISSE GROUP 0.0%
Value ($000) $5,456 Shares 514,700 Est. Cost Unrealized
TLT ISHARES TR 0.0%
Value ($000) $5,403 Shares 39,878 Est. Cost $135.49 Unrealized
SNN SMITH & NEPHEW PLC 0.0%
Value ($000) $5,365 Shares 141,569 Est. Cost $37.90 Unrealized
IHG INTERCONTINENTAL HOTELS GROU 0.0%
Value ($000) $5,260 Shares 76,340 Est. Cost $68.90 Unrealized
BHP GROUP PLC 0.0%
Value ($000) $5,248 Shares 90,700 Est. Cost Unrealized
ISHARES TR 0.0%
Value ($000) $5,067 Shares 37,400 Est. Cost Unrealized
FXI ISHARES TR 0.0%
Value ($000) $4,967 Shares 106,460 Est. Cost $46.66 Unrealized
MICRO FOCUS INTL PLC 0.0%
Value ($000) $4,861 Shares 632,987 Est. Cost $7.68 Unrealized
PUK PRUDENTIAL PLC 0.0%
Value ($000) $4,762 Shares 111,538 Est. Cost $42.69 Unrealized
NATURA &CO HLDG S A 0.0%
Value ($000) $4,742 Shares 279,102 Est. Cost $16.99 Unrealized
IWM ISHARES TR 0.0%
Value ($000) $4,582 Shares 20,819 Est. Cost $220.09 Unrealized
GALAPAGOS NV 0.0%
Value ($000) $4,456 Shares 57,800 Est. Cost Unrealized
BARCLAYS PLC 0.0%
Value ($000) $4,348 Shares 425,000 Est. Cost Unrealized
BHP GROUP PLC 0.0%
Value ($000) $3,992 Shares 69,000 Est. Cost Unrealized
BRZU DIREXION SHS ETF TR 0.0%
Value ($000) $3,872 Shares 42,465 Est. Cost $91.18 Unrealized
ERIC ERICSSON 0.0%
Value ($000) $3,865 Shares 293,017 Est. Cost $13.19 Unrealized
ROYAL DUTCH SHELL PLC 0.0%
Value ($000) $3,812 Shares 97,222 Est. Cost $39.21 Unrealized
BRITISH AMERN TOB PLC 0.0%
Value ($000) $3,808 Shares 98,300 Est. Cost Unrealized
BHP GROUP PLC 0.0%
Value ($000) $3,464 Shares 59,873 Est. Cost $57.86 Unrealized
KONINKLIJKE PHILIPS N V 0.0%
Value ($000) $3,450 Shares 60,500 Est. Cost Unrealized
AVA AVISTA CORP 0.0%
Value ($000) $3,215 Shares 67,330 Est. Cost $32.79 Unrealized 0.0%
ING GROEP N.V. 0.0%
Value ($000) $3,105 Shares 253,900 Est. Cost Unrealized
HE HAWAIIAN ELEC INDUSTRIES 0.0%
Value ($000) $3,011 Shares 67,766 Est. Cost $36.66 Unrealized 0.0%
IDA IDACORP INC 0.0%
Value ($000) $2,899 Shares 29,000 Est. Cost $91.42 Unrealized 0.0%
PAGSEGURO DIGITAL LTD 0.0%
Value ($000) $2,894 Shares 62,500 Est. Cost Unrealized
GMAB GENMAB A/S 0.0%
Value ($000) $2,661 Shares 81,058 Est. Cost $32.83 Unrealized
ALEXION PHARMACEUTICALS INC 0.0%
Value ($000) $2,582 Shares 16,889 Est. Cost $152.88 Unrealized
TS TENARIS S A 0.0%
Value ($000) $2,499 Shares 110,153 Est. Cost $22.69 Unrealized
GDX VANECK VECTORS ETF TR 0.0%
Value ($000) $2,418 Shares 74,413 Est. Cost $32.49 Unrealized
ARGX ARGENX SE 0.0%
Value ($000) $2,321 Shares 8,428 Est. Cost $275.39 Unrealized
SLV ISHARES SILVER TR 0.0%
Value ($000) $2,246 Shares 99,016 Est. Cost $22.68 Unrealized
ENEL AMERICAS S A 0.0%
Value ($000) $2,154 Shares 254,001 Est. Cost $8.48 Unrealized
PCG PG&E CORP 0.0%
Value ($000) $2,090 Shares 178,501 Est. Cost $11.48 Unrealized 0.0%
ABB LTD 0.0%
Value ($000) $2,069 Shares 67,900 Est. Cost Unrealized
EMBRAER S.A. 0.0%
Value ($000) $1,933 Shares 193,100 Est. Cost Unrealized
ACA ARCOSA INC 0.0%
Value ($000) $1,920 Shares 29,501 Est. Cost $60.52 Unrealized 0.0%
IHS MARKIT LTD 0.0%
Value ($000) $1,785 Shares 18,443 Est. Cost $96.78 Unrealized
GOOG ALPHABET INC 0.0%
Value ($000) $1,776 Shares 857 Est. Cost $98.47 Unrealized 0.0%
SAN BANCO SANTANDER S.A. 0.0%
Value ($000) $1,751 Shares 514,846 Est. Cost $3.40 Unrealized
PSO PEARSON PLC 0.0%
Value ($000) $1,727 Shares 161,599 Est. Cost $10.69 Unrealized
URTH ISHARES INC 0.0%
Value ($000) $1,463 Shares 12,349 Est. Cost $118.47 Unrealized
SID COMPANHIA SIDERURGICA NACION 0.0%
Value ($000) $1,440 Shares 214,879 Est. Cost $6.70 Unrealized
BANCO SANTANDER S.A. 0.0%
Value ($000) $1,412 Shares 415,200 Est. Cost Unrealized
SAP SAP SE 0.0%
Value ($000) $1,403 Shares 11,422 Est. Cost $122.83 Unrealized
ING GROEP N.V. 0.0%
Value ($000) $1,367 Shares 111,800 Est. Cost Unrealized
NGG NATIONAL GRID PLC 0.0%
Value ($000) $1,361 Shares 22,978 Est. Cost $59.23 Unrealized
GOL LINHAS AEREAS INTELIGENT 0.0%
Value ($000) $1,313 Shares 171,607 Est. Cost $7.65 Unrealized
TAN INVESCO EXCH TRADED FD TR II 0.0%
Value ($000) $998 Shares 10,874 Est. Cost $91.78 Unrealized
PBW INVESCO EXCHANGE TRADED FD T 0.0%
Value ($000) $918 Shares 9,333 Est. Cost $98.36 Unrealized
EWG ISHARES INC 0.0%
Value ($000) $840 Shares 25,115 Est. Cost $33.45 Unrealized
E ENI S P A 0.0%
Value ($000) $827 Shares 33,459 Est. Cost $24.72 Unrealized
AZUL S A 0.0%
Value ($000) $812 Shares 40,200 Est. Cost Unrealized
DIREXION SHS ETF TR 0.0%
Value ($000) $808 Shares 36,179 Est. Cost $22.33 Unrealized
QCLN FIRST TR EXCHANGE-TRADED FD 0.0%
Value ($000) $803 Shares 11,708 Est. Cost $68.59 Unrealized
VEONEER INC 0.0%
Value ($000) $757 Shares 30,933 Est. Cost $24.47 Unrealized
CIG CIA ENERGETICA DE MINAS GERA 0.0%
Value ($000) $733 Shares 322,736 Est. Cost $2.27 Unrealized
BARCLAYS PLC 0.0%
Value ($000) $706 Shares 69,000 Est. Cost Unrealized
NOKIA CORP 0.0%
Value ($000) $659 Shares 166,500 Est. Cost Unrealized
AZUL S A 0.0%
Value ($000) $592 Shares 29,300 Est. Cost Unrealized
GRFS GRIFOLS S A 0.0%
Value ($000) $511 Shares 30,221 Est. Cost $16.91 Unrealized
XP INC 0.0%
Value ($000) $505 Shares 13,400 Est. Cost Unrealized
DIREXION SHS ETF TR 0.0%
Value ($000) $493 Shares 40,075 Est. Cost $12.30 Unrealized
SLACK TECHNOLOGIES INC 0.0%
Value ($000) $471 Shares 11,584 Est. Cost $40.66 Unrealized
XP INC 0.0%
Value ($000) $467 Shares 12,400 Est. Cost Unrealized
CUK CARNIVAL PLC 0.0%
Value ($000) $464 Shares 20,683 Est. Cost $22.43 Unrealized
BABA ALIBABA GROUP HLDG LTD 0.0%
Value ($000) $426 Shares 1,877 Est. Cost $226.96 Unrealized
EPP ISHARES INC 0.0%
Value ($000) $418 Shares 8,321 Est. Cost $50.23 Unrealized
NOKIA CORP 0.0%
Value ($000) $410 Shares 103,500 Est. Cost Unrealized
XILINX INC 0.0%
Value ($000) $335 Shares 2,702 Est. Cost $123.98 Unrealized
SLB SCHLUMBERGER LTD 0.0%
Value ($000) $330 Shares 12,136 Est. Cost $23.71 Unrealized 0.0%
XP XP INC 0.0%
Value ($000) $280 Shares 7,436 Est. Cost $42.69 Unrealized 0.0%
GOL LINHAS AEREAS INTELIGENT 0.0%
Value ($000) $280 Shares 36,600 Est. Cost Unrealized
SUZ SUZANO S A 0.0%
Value ($000) $259 Shares 21,197 Est. Cost $12.22 Unrealized
TSLA TESLA INC 0.0%
Value ($000) $252 Shares 378 Est. Cost $251.06 Unrealized 0.0%
EWU ISHARES TR 0.0%
Value ($000) $236 Shares 7,544 Est. Cost $31.28 Unrealized
COMPANHIA PARANAENSE ENERG C 0.0%
Value ($000) $223 Shares 35,910 Est. Cost $6.21 Unrealized
BANCO SANTANDER S.A. 0.0%
Value ($000) $214 Shares 63,000 Est. Cost Unrealized
FAN FIRST TR EXCHANGE-TRADED FD 0.0%
Value ($000) $213 Shares 9,432 Est. Cost $22.58 Unrealized
EMBRAER S.A. 0.0%
Value ($000) $190 Shares 19,000 Est. Cost Unrealized
GNFTY GENFIT S A 0.0%
Value ($000) $189 Shares 40,914 Est. Cost $4.62 Unrealized
FRESENIUS MED CARE AG&CO KGA 0.0%
Value ($000) $184 Shares 5,000 Est. Cost Unrealized
IPHA INNATE PHARMA S A 0.0%
Value ($000) $131 Shares 30,284 Est. Cost $4.33 Unrealized
ORGANIGRAM HLDGS INC 0.0%
Value ($000) $58 Shares 16,681 Est. Cost $3.48 Unrealized
LLOYDS BANKING GROUP PLC 0.0%
Value ($000) $55 Shares 23,800 Est. Cost Unrealized
NATWEST GROUP PLC 0.0%
Value ($000) $54 Shares 10,000 Est. Cost Unrealized
BANCO BILBAO VIZCAYA ARGENTA 0.0%
Value ($000) $40 Shares 7,700 Est. Cost Unrealized
AEGON N V 0.0%
Value ($000) $14 Shares 3,000 Est. Cost Unrealized
FRESENIUS MED CARE AG&CO KGA 0.0%
Value ($000) $7 Shares 200 Est. Cost Unrealized