CAPITAL FUND MANAGEMENT S.A.

Q4 2025 13F-HR Holdings

Location
Paris, I0
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
2,325
Total value ($000)
$35,989,007
Net value change ($000)
-2,175,164 (-5.7%)
New positions
212
Sold out positions
169
Turnover %
23.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
TSM 170,483 385.9%
BKNG 116,719 NEW
BAC 94,431 1003.6%
AMD 89,777 685.1%
NOW 80,121 NEW
GEV 69,864 237.8%
RTX 68,232 349.0%
XLV 61,540 322.4%
SPY 58,986 NEW
BSX 57,186 108.6%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -152,142 -100.0%
QCOM -76,874 -77.4%
ACN -69,873 -90.5%
ISRG -59,713 -58.9%
GDX -58,995 -100.0%
AAPL -57,090 -19.8%
ADBE -46,243 -44.9%
MCD -44,789 -45.5%
COIN -44,287 -82.1%
XOM -40,773 -44.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 25,408,276 (70.6% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type