diff --git a/src/angel/client.ts b/src/angel/client.ts
index 6141c05..2cbd39a 100644
--- a/src/angel/client.ts
+++ b/src/angel/client.ts
@@ -110,24 +110,12 @@ function normaliseHolding(h: AngelHolding): Position | null {
  * Deduplicates by key (position wins over holding for same symbol).
  */
 export async function fetchAllPositions(): Promise<Position[]> {
-  const [rawPositions, rawHoldings] = await Promise.all([
-    fetchPositions(),
-    fetchHoldings(),
-  ]);
-
-  const map = new Map<string, Position>();
-
-  // Holdings first (lower priority)
-  for (const h of rawHoldings) {
-    const p = normaliseHolding(h);
-    if (p) map.set(p.key, p);
-  }
-
-  // Positions override (intraday / F&O takes precedence)
+  // Holdings excluded — options/F&O positions only
+  const rawPositions = await fetchPositions();
+  const results: Position[] = [];
   for (const raw of rawPositions) {
     const p = normalisePosition(raw);
-    if (p) map.set(p.key, p);
+    if (p) results.push(p);
   }
-
-  return Array.from(map.values());
+  return results;
 }