OH
Optiver Holding B.V. 13F Portfolio Snapshot
Optiver Holding B.V.Diversified strategyMomentum followerSector-focused
Total reported value
$289.5B
Reporting period: 2026-03-31 · Number of holdings: 2361
Optiver Holding B.V. disclosed 2361 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $289.5B and a quarterly turnover rate of 22.6%.
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Personality snowflake
- Concentration
- 34.54
- Portfolio Stability
- 22.58
- Momentum/Contrarian
- 100
- Sector conviction
- 98.2
- Diversification
- 100
- Sizing Uniformity
- 0
Recent moves
Trim 46090E953
-12.6% -$4.5B
Add GLD
+83.0% $4.1B
Trim 46090E903
+0.7% -$1.3B
Add GLD
+31.8% $3.8B
Trim NVDA
-20.6% -$1.5B
Add 78462F953
+16.5% $6.1B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Optiver is reinforcing a momentum-dominant regime: scaling gold aggressively (GLD weight up 240bps across two tranches) while peeling off NVDA and adding to ON and SPY. This is not a defensive shift—it is a rotation within the same factor bet, moving from hyper-extended single names into broader momentum proxies like gold and the S&P 500.
Macro & Fundamentals
The 51% tech and 17% consumer discretionary allocation, combined with a rising gold position, prices in a ‘no landing’ scenario: growth stays hot, inflation sticks, and the Fed stays neutral. The opposing thesis—that rising real rates will break both the growth equity bubble and gold’s parity—has zero dedicated hedging in this structure, leaving the portfolio fully exposed to a single regime path.
Blind Spots / Risks
The zero position-sizing discipline with a conviction scale at 98.2 means the portfolio systematically overweights the best-performing sectors and names, creating a self-compounding momentum exposure that becomes its own trigger for a liquidity vortex. When the factor reverses, the lack of natural rebalancing converts the profit-takers into forced sellers, and gold’s sudden correlation to rates would compound the downside.
This summary was generated by AI from publicly filed SEC data and reflects historical holdings only — it is not a recommendation to buy or sell.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 2301 holdings (of 2361 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Spdr S&p 500 ETF Tr | ETF-Large Cap & Growth | 20.98% | +0.65% | +16.53% | |
| 2 | SPY | State Street SPDR S&P 500 ETF Trust | ETF-Large Cap & Growth | 15.34% | -0.41% | +10.01% | |
| 3 | ✓ | Stock-Other | 8.00% | -1.10% | +0.74% | ||
| 4 | ✓ | Stock-Other | 7.21% | -2.25% | -12.60% | ||
| 5 | GLD | SPDR Gold Shares | ETF-Commodities | 4.34% | +1.08% | +31.83% | |
| 6 | ✓ | Ishares Tr | Stock-Other | 4.02% | +0.52% | +21.06% | |
| 7 | GLD | SPDR Gold Shares | ETF-Commodities | 2.84% | +1.30% | +83.00% | |
| 8 | ✓ | Ishares Tr | Stock-Other | 2.32% | +0.04% | +5.93% | |
| 9 | TSLA | Tesla, Inc. | Stock-Consumer Disc | 2.07% | -0.46% | +6.65% | |
| 10 | ON | ON Semiconductor Corporation | Stock-Tech | 1.90% | +0.62% | +39.98% | |
| 11 | NVDA | NVIDIA Corporation | Stock-Tech | 1.48% | -0.67% | -20.63% | |
| 12 | VOO | Vanguard S&P 500 ETF | ETF-Large Cap & Growth | 1.32% | -0.29% | -5.69% | |
| 13 | TSLA | Tesla, Inc. | Stock-Consumer Disc | 1.16% | -0.63% | -15.72% | |
| 14 | DIA | State Street SPDR Dow Jones Industrial Average ETF Trust | ETF-Large Cap & Growth | 1.07% | — | -0.93% | |
| 15 | ON | ON Semiconductor Corporation | Stock-Tech | 1.01% | -0.32% | -28.80% | |
| 16 | SLV | iShares Silver Trust | ETF-Commodities | 0.91% | +0.38% | +75.13% | |
| 17 | MSFT | Microsoft Corporation | Stock-Tech | 0.68% | +0.29% | +147.48% | |
| 18 | SLV | iShares Silver Trust | ETF-Commodities | 0.66% | +0.25% | +63.89% | |
| 19 | META | Meta Platforms, Inc. | Stock-Comm Services | 0.63% | -0.19% | -4.53% | |
| 20 | MU | Micron Technology, Inc. | Stock-Tech | 0.63% | +0.48% | +277.13% | |
| 21 | MU | Micron Technology, Inc. | Stock-Tech | 0.57% | +0.32% | +110.82% | |
| 22 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Stock-Tech | 0.57% | +0.11% | +20.80% | |
| 23 | ✓ | Meta Platforms INC | Stock-Other | 0.56% | -0.28% | -17.12% | |
| 24 | AAPL | Apple Inc. | Stock-Tech | 0.53% | -0.17% | -12.01% | |
| 25 | GOOG | Alphabet Inc. | Stock-Comm Services | 0.50% | — | +0.77% | |
| 26 | MSFT | Microsoft Corporation | Stock-Tech | 0.49% | — | +43.65% | |
| 27 | ✓ | Ishares Tr | Stock-Other | 0.47% | — | +1.63% | |
| 28 | GS | The Goldman Sachs Group, Inc. | Stock-Financials | 0.47% | +0.12% | +48.13% | |
| 29 | AMZN | Amazon.com, Inc. | Stock-Consumer Disc | 0.46% | -0.14% | -9.48% | |
| 30 | AVGO | Broadcom Inc. | Stock-Tech | 0.44% | — | +12.87% | |
| 31 | ✓ | Amazon Com INC | Stock-Other | 0.43% | +0.11% | +61.77% | |
| 32 | AMD | Advanced Micro Devices, Inc. | Stock-Tech | 0.42% | -0.19% | -21.98% | |
| 33 | DIA | State Street SPDR Dow Jones Industrial Average ETF Trust | ETF-Large Cap & Growth | 0.41% | — | +4.32% | |
| 34 | GS | The Goldman Sachs Group, Inc. | Stock-Financials | 0.41% | — | +11.78% | |
| 35 | TLT | iShares 20+ Year Treasury Bond ETF | ETF-Gov Bonds | 0.40% | — | +4.48% | |
| 36 | ✓ | Alphabet INC | Stock-Other | 0.38% | — | +31.34% | |
| 37 | GOOG | Alphabet Inc. | Stock-Comm Services | 0.38% | -0.12% | -11.77% | |
| 38 | ✓ | Palantir Technologies INC | Stock-Other | 0.36% | +0.17% | +146.45% | |
| 39 | AMD | Advanced Micro Devices, Inc. | Stock-Tech | 0.33% | -0.10% | -12.97% | |
| 40 | ✓ | Palantir Technologies INC | Stock-Other | 0.31% | +0.22% | +367.00% | |
| 41 | MCHX | Marchex, Inc. | Stock-Other | 0.30% | -0.17% | -24.66% | |
| 42 | VOD | Vodafone Group Public Limited Company | Stock-Comm Services | 0.30% | +0.20% | +168.97% | |
| 43 | GOOG | Alphabet Inc. | Stock-Comm Services | 0.28% | +0.07% | +53.32% | |
| 44 | ✓ | Stock-Other | 0.27% | +0.19% | +163.26% | ||
| 45 | ✓ | Stock-Other | 0.26% | — | -0.33% | ||
| 46 | AVGO | Broadcom Inc. | Stock-Tech | 0.24% | — | +40.87% | |
| 47 | ASML | ASML Holding N.V. | Stock-Tech | 0.23% | — | +0.31% | |
| 48 | JPM | JPMorgan Chase & Co. | Stock-Financials | 0.23% | +0.06% | +57.06% | |
| 49 | XOM | Exxon Mobil Corporation | Stock-Energy | 0.23% | +0.14% | +95.26% | |
| 50 | ✓ | Asml Holding N V | Stock-Other | 0.21% | — | -15.43% |
1–50 of 2,301
Portfolio Performance
Performance for Q3 2026
—
Performance Last 4 Quarters
—
Based on 0 months of available history
Based on 42% of reported portfolio value with available pricing
- Stdev
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- Beta
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- Alpha
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- Max Drawdown
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- Annualized Perf
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- Batting Avg vs S&P
- —
- Sortino
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- Stutzer
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- Treynor
- —
- Sterling
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- Calmar
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- Information Ratio
- —
- Tracking Error
- —
- Stdev Down
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- Winning Months %
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- Losing Months %
- —
- Best 12 Months
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- Worst 12 Months
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- Efficiency Ratio
- —
- Sharpe
- —
- Stdev Sectors
- +14.7%
- Skewness
- —
- Kurtosis
- —
- Upside Potential
- —
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 2361 | $289.5B | 23 | |
| 2025-12-31 | 2497 | $268.8B | 18 | |
| 2025-09-30 | 2707 | $250.6B | 36 | |
| 2025-06-30 | 1471 | $210.2B | 0 | |
| 2025-03-31 | 1352 | $172.0B | 100 | |
| 2024-12-31 | 1059 | $193.6B | 0 | |
| 2024-09-30 | 951 | $191.8B | 0 | |
| 2024-06-30 | 914 | $185.4B | 0 | |
| 2024-03-31 | 694 | $185.9B | 0 | |
| 2023-12-31 | 500 | $163.7B | 0 | |
| 2023-09-30 | 571 | $147.5B | 0 | |
| 2023-06-30 | 495 | $140.5B | 0 | |
| 2023-03-31 | 534 | $136.6B | 0 | |
| 2022-12-31 | 451 | $96.8B | 0 | |
| 2022-09-30 | 396 | $115.7B | 0 | |
| 2022-06-30 | 369 | $90.5B | 0 | |
| 2022-03-31 | 516 | $103.1B | 0 | |
| 2021-12-31 | 1193 | $113.4B | 0 | |
| 2021-09-30 | 729 | $102.1B | 0 | |
| 2021-06-30 | 533 | $73.8B | 91 | |
| 2021-03-31 | 209 | $61.8B | 0 |
Holding changes this quarter
Optiver Holding B.V.'s most significant position changes for 2026-03-31: Sold out: Ishares Msci Brazil ETF (EWZ); Sold out: Meta Platforms Inc-class A (META); Trim: — shares -12.60%; Add: SPDR Gold Shares (GLD) — shares +83.00%; Add: — shares +0.74%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GLD | SPDR Gold Shares | +1.3% | +83.00% | Add |
| 2 | GLD | SPDR Gold Shares | +1.1% | +31.83% | Add |
| 3 | ✓ | Spdr S&p 500 ETF Tr | +0.7% | +16.53% | Add |
| 4 | ON | ON Semiconductor Corporation | +0.6% | +39.98% | Add |
| 5 | ✓ | Ishares Tr | +0.5% | +21.06% | Add |
| 6 | MU | Micron Technology, Inc. | +0.5% | +277.13% | Add |
| 7 | SLV | iShares Silver Trust | +0.4% | +75.13% | Add |
| 8 | MU | Micron Technology, Inc. | +0.3% | +110.82% | Add |
| 9 | MSFT | Microsoft Corporation | +0.3% | +147.48% | Add |
| 10 | SLV | iShares Silver Trust | +0.3% | +63.89% | Add |
| 11 | ✓ | Palantir Technologies INC | +0.2% | +367.00% | Add |
| 12 | VOD | Vodafone Group Public Limited Company | +0.2% | +168.97% | Add |
| 13 | ✓ | +0.2% | +163.26% | Add | |
| 14 | ✓ | Palantir Technologies INC | +0.2% | +146.45% | Add |
| 15 | XOM | Exxon Mobil Corporation | +0.1% | +95.26% | Add |
| 16 | GS | The Goldman Sachs Group, Inc. | +0.1% | +48.13% | Add |
| 17 | TSM | Taiwan Semiconductor Manufacturing Company Limited | +0.1% | +20.80% | Add |
| 18 | ✓ | Amazon Com INC | +0.1% | +61.77% | Add |
| 19 | ✓ | Petroleo Brasileiro SA Petro | +0.1% | +142.78% | Add |
| 20 | ✓ | Chevron CORP New | +0.1% | +147.30% | Add |
| 21 | GOOG | Alphabet Inc. | +0.1% | +53.32% | Add |
| 22 | BX | Blackstone Inc. | +0.1% | +26002.86% | Add |
| 23 | CVX | Chevron Corporation | +0.1% | +87.61% | Add |
| 24 | XOM | Exxon Mobil Corporation | +0.1% | +79.95% | Add |
| 25 | JPM | JPMorgan Chase & Co. | +0.1% | +57.06% | Add |
| 26 | ✓ | Ishares Tr | 0% | +5.93% | Add |
| 27 | AMZN | Amazon.com INC | -0.1% | -97.56% | Trim |
| 28 | ✓ | Select Sector Spdr Tr | -0.1% | -93.53% | Trim |
| 29 | SMHC | VanEck China Semiconductor ETF | -0.1% | -35.13% | Trim |
| 30 | AMD | Advanced Micro Devices, Inc. | -0.1% | -12.97% | Trim |
| 31 | GOOG | Alphabet Inc. | -0.1% | -11.77% | Trim |
| 32 | AMZN | Amazon.com, Inc. | -0.1% | -9.48% | Trim |
| 33 | TLT | iShares 20+ Year Treasury Bond ETF | -0.2% | -48.25% | Trim |
| 34 | MCHX | Marchex, Inc. | -0.2% | -24.66% | Trim |
| 35 | AAPL | Apple Inc. | -0.2% | -12.01% | Trim |
| 36 | AMD | Advanced Micro Devices, Inc. | -0.2% | -21.98% | Trim |
| 37 | META | Meta Platforms, Inc. | -0.2% | -4.53% | Trim |
| 38 | ✓ | Meta Platforms INC | -0.3% | -17.12% | Trim |
| 39 | VOO | Vanguard S&P 500 ETF | -0.3% | -5.69% | Trim |
| 40 | ON | ON Semiconductor Corporation | -0.3% | -28.80% | Trim |
| 41 | ✓ | Select Sector Spdr Tr | -0.4% | -89.68% | Trim |
| 42 | SPY | State Street SPDR S&P 500 ETF Trust | -0.4% | +10.01% | Add |
| 43 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.4% | -99.89% | Trim |
| 44 | TSLA | Tesla, Inc. | -0.5% | +6.65% | Add |
| 45 | TSLA | Tesla, Inc. | -0.6% | -15.72% | Trim |
| 46 | NVDA | NVIDIA Corporation | -0.7% | -20.63% | Trim |
| 47 | ✓ | -1.1% | +0.74% | Add | |
| 48 | ✓ | -2.3% | -12.60% | Trim | |
| 49 | EWZ | Ishares Msci Brazil ETF | — | EXIT | Sold out |
| 50 | META | Meta Platforms Inc-class A | — | EXIT | Sold out |
FAQ
What is Optiver Holding B.V. and what type of investor is it?
Optiver Holding B.V. 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 (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $289.5B, spread across 2361 disclosed positions.
What are Optiver Holding B.V.'s largest equity positions?
Based on the latest 13F filing, Optiver Holding B.V.'s top holdings by market value are:
1. Spdr S&p 500 ETF Tr — $60.7B (21.0%)
2. State Street SPDR S&P 500 ETF Trust (SPY) — $44.4B (15.3%)
3. — $23.2B (8.0%)
4. — $20.9B (7.2%)
5. SPDR Gold Shares (GLD) — $12.6B (4.3%)
What changes did Optiver Holding B.V. make in its most recent portfolio filing?
In the latest reported quarter, Optiver Holding B.V. made 50 notable position adjustments: 0 new positions were initiated, 29 existing holdings were added to, 19 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Ishares Msci Brazil ETF (EWZ); Sold out: Meta Platforms Inc-class A (META); Trim: — shares -12.60%; Add: SPDR Gold Shares (GLD) — shares +83.00%; Add: — shares +0.74%
What sectors does Optiver Holding B.V. focus on?
Optiver Holding B.V. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 51.5%
• Consumer Discretionary: 17.0%
• Financials: 14.1%
• Communication Services: 10.3%
• Energy: 5.3%
• Materials: 0.9%
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