Capitolis Liquid Global Markets LLC 13F Holdings Overview (317 Positions)

CIK: 0001960050

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$16.8B

Reporting period: 2025-12-31 · Number of holdings: 317

Capitolis Liquid Global Markets LLC disclosed 317 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $16.8B and a quarterly turnover rate of 57.5%.

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Personality snowflake

Concentration: 9.15
Portfolio Stability: 57.53
Momentum/Contrarian: 100
Sector conviction: 65.71
Diversification: 100
Sizing Uniformity: 74.95

Capitolis Liquid Global Markets LLC's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 44 equally-sized positions, well below its 317 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 2.50), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Trim NVDA
+7.6%　$78.0M
Add ISRG
+1070.2%　$265.7M
Add KVUE
+1116.8%　$174.3M
Add GOOGL
+30.5%　$295.1M
Trim FISV
+11.4%　-$82.6M
Trim CRM
-37.4%　-$63.8M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Capitolis is running a high-velocity momentum rotation: it aggressively added to GOOGL, ISRG, and KVUE, initiated positions in EA and VEA, and maintained its tech heavies. With a 100th-percentile momentum tilt, 317 holdings, and 57% turnover, this is systematic trend-following, not discretionary conviction—the goal is to capture short- to medium-term alpha by rotating into winners across sectors and geographies.

Macro & Fundamentals

The macro bet is a continuation of the risk-on regime: tech and communication services dominance persists, momentum factors stay rewarded, and global growth remains stable enough to avoid sharp reversals. The opposing thesis is a sudden regime shift—recession, inflation spike, or geopolitical shock—that would crush momentum via multiple compression and factor rotation, leaving this highly churned, tech-heavy portfolio exposed to a liquidity trap and forced unwinding.

Blind Spots / Risks

Capitolis' extreme momentum score (100th percentile) and 38.5% IT allocation create a dangerous double-exposure: the portfolio is betting against mean reversion in both factor and sector space. Any reversal in risk appetite will trigger simultaneous unwinds in crowded momentum positions and tech longs, amplifying drawdowns. The 57% turnover also becomes a hidden cost during volatility spikes, eroding the very alpha it chases.

AI-assisted summary drawn from public regulatory disclosures, covering historical data only. Not a substitute for professional investment advice.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 317 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NVDA	Nvidia CORP	Stock-Tech	6.62%	-1.62%	+7.60%
2	META	Meta Platforms Inc-class A	Stock-Comm Services	5.02%	+0.04%	+49.95%
3	AAPL	Apple INC	Stock-Tech	4.73%	+0.28%	+33.27%
4	AVGO	Broadcom INC	Stock-Tech	4.67%	—	+0.43%
5	MSFT	Microsoft CORP	Stock-Tech	4.57%	-0.42%	+31.08%
6	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	4.35%	+0.89%	+30.53%
7	BAC	Bank Of America CORP	Stock-Financials	4.07%	—	-0.72%
8	AMZN	Amazon.com INC	Stock-Consumer Disc	3.36%	-0.38%	+14.32%
9	COST	Costco Wholesale CORP	Stock-Consumer Staples	2.14%	-0.11%	+36.71%
10	JPM	Jpmorgan Chase & Co	Stock-Financials	1.82%	-0.11%	+23.61%
11	LLY	Eli Lilly & Co	Stock-Healthcare	1.70%	—	-25.08%
12	ISRG	Intuitive Surgical INC	Stock-Healthcare	1.70%	+1.55%	+1070.17%
13	GOOG	Alphabet Inc-cl C	Stock-Comm Services	1.68%	+0.49%	+47.01%
14	MA	Mastercard INC - A	Stock-Financials	1.55%	—	+12.70%
15	CSCO	Cisco Systems INC	Stock-Tech	1.40%	—	+6.36%
16	SCHW	Schwab (charles) CORP	Stock-Financials	1.19%	+0.24%	+60.12%
17	KVUE	Kenvue INC	Stock-Consumer Staples	1.13%	+1.01%	+1116.78%
18	PEP	Pepsico INC	Stock-Consumer Staples	1.13%	+0.37%	+92.82%
19	BKNG	Booking Holdings INC	Stock-Consumer Disc	1.10%	—	+25.89%
20	WMT	Walmart INC	Stock-Consumer Staples	1.09%	—	-0.19%
21	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	1.01%	—	-23.07%
22	MS	Morgan Stanley	Stock-Financials	0.97%	+0.59%	+204.57%
23	PLTR	Palantir Technologies Inc-a	Stock-Tech	0.94%	+0.72%	+494.40%
24	ABBV	Abbvie INC	Stock-Healthcare	0.92%	—	+13.91%
25	EA	Electronic Arts INC	Stock-Comm Services	0.89%	+0.89%	NEW
26	CRM	Salesforce INC	Stock-Tech	0.89%	-0.81%	-37.41%
27	QCOM	Qualcomm INC	Stock-Tech	0.88%	+0.52%	+219.29%
28	PGR	Progressive CORP	Stock-Financials	0.88%	—	-3.93%
29	LUV	Southwest Airlines Co	Stock-Industrials	0.85%	+0.27%	+51.41%
30	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.85%	+0.85%	NEW
31	SJM	Jm Smucker Co/the	Stock-Consumer Staples	0.76%	—	+26.06%
32	TSLA	Tesla INC	Stock-Consumer Disc	0.74%	—	+0.35%
33	430	Terns Pharmaceuticals INC	Stock-Other	0.73%	+0.73%	NEW
34	KLAC	Kla CORP	Stock-Tech	0.73%	+0.41%	+172.36%
35	FISV	Fiserv INC	Stock-Other	0.68%	-0.89%	+11.35%
36	USB	US Bancorp	Stock-Financials	0.66%	+0.53%	+525.26%
37	NOW	Servicenow INC	Stock-Tech	0.64%	+0.23%	+1144.89%
38	PG	Procter & Gamble Co/the	Stock-Consumer Staples	0.63%	—	+28.62%
39	INTU	Intuit INC	Stock-Tech	0.62%	+0.32%	+187.27%
40	HD	Home Depot INC	Stock-Consumer Disc	0.59%	+0.50%	+964.40%
41	AMD	Advanced Micro Devices	Stock-Tech	0.58%	+0.58%	NEW
42	KO	Coca-cola Co/the	Stock-Consumer Staples	0.58%	—	+94.65%
43	SE	Sea Ltd-adr	Stock-Comm Services	0.51%	+0.51%	NEW
44	HPE	Hewlett Packard Enterprise	Stock-Tech	0.51%	+0.51%	NEW
45	VCIT	Vanguard Int-term Corporate	ETF-Corp Bonds	0.50%	+0.50%	NEW
46	NSC	Norfolk Southern CORP	Stock-Industrials	0.50%	+0.50%	NEW
47	ROP	Roper Technologies INC	Stock-Tech	0.49%	+0.49%	NEW
48	CSGP	Costar Group INC	Stock-Real Estate	0.47%	+0.47%	NEW
49	ADI	Analog Devices INC	Stock-Tech	0.47%	—	-32.41%
50	CL	Colgate-palmolive Co	Stock-Consumer Staples	0.46%	—	+24.21%

1–50 of 200

Portfolio Performance

Performance for Q3 2026

+2.9%

Performance Last 4 Quarters

+24%

Based on 82% of reported portfolio value with available pricing

Stdev: +14.2%
Beta: +1.09
Alpha: +0.2%
Max Drawdown: -11.8%
Annualized Perf: +20.5%
Batting Avg vs S&P: +58.6%
Sortino: +2.74
Stutzer: +0.41
Treynor: +0.18
Sterling: +1.05
Calmar: +1.74
Information Ratio: +0.42
Tracking Error: +4.5%
Stdev Down: +7.2%
Winning Months %: +72.4%
Losing Months %: +27.6%
Best 12 Months: +43.8%
Worst 12 Months: +4.1%
Efficiency Ratio: +0.58
Sharpe: +1.39
Stdev Sectors: +10.8%
Skewness: +0.08
Kurtosis: +0.9
Upside Potential: +4.21

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-12-31	317	$16.8B	58	1NVDA 2META 3AAPL Top holdings2025-12-31 1.NVDA 2.META 3.AAPL 4.AVGO 5.MSFT 6.GOOGL 7.BAC 8.AMZN 9.COST 10.JPM
2025-09-30	237	$12.5B	64	1NVDA 2AVGO 3BAC Top holdings2025-09-30 1.NVDA 2.AVGO 3.BAC 4.MSFT 5.META 6.AAPL 7.AMZN 8.GOOGL 9.COST 10.LLY
2025-06-30	244	$13.7B	0	1NVDA 2AAPL 3META Top holdings2025-06-30 1.NVDA 2.AAPL 3.META 4.AVGO 5.MSFT 6.GOOGL 7.AMZN 8.MA 9.BAC 10.COST
2025-03-31	214	$11.3B	0	1META 2MSFT 3NVDA Top holdings2025-03-31 1.META 2.MSFT 3.NVDA 4.GOOGL 5.AMZN 6.AAPL 7.AVGO 8.MA 9.CSCO 10.LLY
2024-12-31	124	$10.3B	0	1NVDA 2META 3MSFT Top holdings2024-12-31 1.NVDA 2.META 3.MSFT 4.GOOGL 5.AAPL 6.AVGO 7.AMZN 8.MA 9.LLY 10.WMT
2024-09-30	109	$9.4B	0	1META 2NVDA 3MSFT Top holdings2024-09-30 1.META 2.NVDA 3.MSFT 4.AAPL 5.GOOGL 6.LLY 7.MA 8.AMZN 9.AVGO 10.WMT
2024-06-30	111	$8.1B	0	1AAPL 2NVDA 3MSFT Top holdings2024-06-30 1.AAPL 2.NVDA 3.MSFT 4.META 5.MA 6.GOOGL 7.AMZN 8.WMT 9.PG 10.LLY
2024-03-31	115	$6.2B	0	1NVDA 2AAPL 3AMZN Top holdings2024-03-31 1.NVDA 2.AAPL 3.AMZN 4.MSFT 5.GOOGL 6.CSCO 7.MA 8.WMT 9.PG 10.AVGO
2023-12-31	74	$2.4B	0	1TLT 2IEF 3ACWI Top holdings2023-12-31 1.TLT 2.IEF 3.ACWI 4.AMZN 5.AAPL 6.MSFT 7.NVDA 8.JPM 9.CL 10.JNJ

Holding changes this quarter

Capitolis Liquid Global Markets LLC's most significant position changes for 2025-12-31: New buy: Electronic Arts INC (EA); New buy: Vanguard Ftse Developed ETF (VEA); New buy: Terns Pharmaceuticals INC (430); Sold out: Vanguard Value ETF (VTV); Sold out: Proshares S&p 500 Dividend A (NOBL).

Position changes disclosed by Capitolis Liquid Global Markets LLC for the quarter ending 2025-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	ISRG	Intuitive Surgical INC	+1.6%	+1070.17%	Add
2	KVUE	Kenvue INC	+1%	+1116.78%	Add
3	GOOGL	Alphabet Inc-cl A	+0.9%	+30.53%	Add
4	PLTR	Palantir Technologies Inc-a	+0.7%	+494.40%	Add
5	MS	Morgan Stanley	+0.6%	+204.57%	Add
6	USB	US Bancorp	+0.5%	+525.26%	Add
7	QCOM	Qualcomm INC	+0.5%	+219.29%	Add
8	HD	Home Depot INC	+0.5%	+964.40%	Add
9	GOOG	Alphabet Inc-cl C	+0.5%	+47.01%	Add
10	KLAC	Kla CORP	+0.4%	+172.36%	Add
11	UNH	Unitedhealth Group INC	+0.4%	+2232.67%	Add
12	PEP	Pepsico INC	+0.4%	+92.82%	Add
13	INTU	Intuit INC	+0.3%	+187.27%	Add
14	AAPL	Apple INC	+0.3%	+33.27%	Add
15	LUV	Southwest Airlines Co	+0.3%	+51.41%	Add
16	SCHW	Schwab (charles) CORP	+0.2%	+60.12%	Add
17	NOW	Servicenow INC	+0.2%	+1144.89%	Add
18	META	Meta Platforms Inc-class A	0%	+49.95%	Add
19	COST	Costco Wholesale CORP	-0.1%	+36.71%	Add
20	JPM	Jpmorgan Chase & Co	-0.1%	+23.61%	Add
21	AMZN	Amazon.com INC	-0.4%	+14.32%	Add
22	MSFT	Microsoft CORP	-0.4%	+31.08%	Add
23	GS	Goldman Sachs Group INC	-0.5%	-78.17%	Trim
24	INTC	Intel CORP	-0.5%	-65.22%	Trim
25	COP	Conocophillips	-0.6%	-62.04%	Trim
26	CRM	Salesforce INC	-0.8%	-37.41%	Trim
27	FISV	Fiserv INC	-0.9%	+11.35%	Add
28	NVDA	Nvidia CORP	-1.6%	+7.60%	Add
29	EA	Electronic Arts INC	—	NEW	New buy
30	VEA	Vanguard Ftse Developed ETF	—	NEW	New buy
31	430	Terns Pharmaceuticals INC	—	NEW	New buy
32	VTV	Vanguard Value ETF	—	EXIT	Sold out
33	NOBL	Proshares S&p 500 Dividend A	—	EXIT	Sold out
34	AMD	Advanced Micro Devices	—	NEW	New buy
35	HTHT	H World Group Ltd-adr	—	EXIT	Sold out
36	SE	Sea Ltd-adr	—	NEW	New buy
37	HPE	Hewlett Packard Enterprise	—	NEW	New buy
38	VCIT	Vanguard Int-term Corporate	—	NEW	New buy
39	NSC	Norfolk Southern CORP	—	NEW	New buy
40	ROP	Roper Technologies INC	—	NEW	New buy
41	CSGP	Costar Group INC	—	NEW	New buy
42	NFLX	Netflix INC	—	NEW	New buy
43	FIS	Fidelity National Info Serv	—	NEW	New buy
44	ORCL	Oracle CORP	—	NEW	New buy
45	GPCR	Structure Therapeutics INC	—	NEW	New buy
46	FDX	Fedex CORP	—	NEW	New buy
47	NEE	Nextera Energy INC	—	EXIT	Sold out
48	KR	Kroger Co	—	EXIT	Sold out
49	COR	Cencora INC	—	NEW	New buy
50	GDXJ	Vaneck Junior Gold Miners	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-13	13F-HR	View on EDGAR
2024-03-31	2024-05-13	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR

FAQ

What is Capitolis Liquid Global Markets LLC and what type of investor is it?

Capitolis Liquid Global Markets LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $16.8B, spread across 317 disclosed positions.

What are Capitolis Liquid Global Markets LLC's largest equity positions?

Based on the latest 13F filing, Capitolis Liquid Global Markets LLC's top holdings by market value are: 1. Nvidia CORP (NVDA) — $1.1B (6.6%) 2. Meta Platforms Inc-class A (META) — $841.1M (5.0%) 3. Apple INC (AAPL) — $793.6M (4.7%) 4. Broadcom INC (AVGO) — $783.1M (4.7%) 5. Microsoft CORP (MSFT) — $765.5M (4.6%)

What changes did Capitolis Liquid Global Markets LLC make in its most recent portfolio filing?

In the latest reported quarter, Capitolis Liquid Global Markets LLC made 50 notable position adjustments: 17 new positions were initiated, 24 existing holdings were added to, 4 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Electronic Arts INC (EA); New buy: Vanguard Ftse Developed ETF (VEA); New buy: Terns Pharmaceuticals INC (430); Sold out: Vanguard Value ETF (VTV); Sold out: Proshares S&p 500 Dividend A (NOBL)

What sectors does Capitolis Liquid Global Markets LLC focus on?

Capitolis Liquid Global Markets LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 38.5% • Financials: 15.8% • Communication Services: 15.6% • Health Care: 9.2% • Consumer Discretionary: 8.4% • Consumer Staples: 7.2%

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