Capital Fund Management S.a.

Diversified strategyHigh-turnover traderMomentum follower

Total reported value

$22.1B

Reporting period: 2026-03-31 · Number of holdings: 2005

CAPITAL FUND MANAGEMENT S.A. disclosed 2005 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $22.1B and a quarterly turnover rate of 67.2%.

Personality snowflake

Concentration: 1.92
Portfolio Stability: 67.23
Momentum/Contrarian: 76.07
Sector conviction: 46.86
Diversification: 100
Sizing Uniformity: 79.19

Recent moves

Trim SPY
-88.0%　-$666.8M
Add MSFT
+129.9%　$167.2M
Trim NVDA
-77.0%　-$416.5M
Add CVX
+27.8%　$128.7M
Add AMZN
+64.9%　$88.7M
Add SNDK
+234.4%　$124.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 1112 holdings (of 2005 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	TSLA	Tesla INC	Stock-Consumer Disc	2.11%	+0.27%	-14.72%
2	MU	Micron Technology INC	Stock-Tech	2.10%	+0.51%	-31.39%
3	AAPL	Apple INC	Stock-Tech	2.07%	+0.02%	-33.52%
4	MSFT	Microsoft CORP	Stock-Tech	1.75%	+1.14%	+129.92%
5	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	1.48%	+0.07%	-42.07%
6	CVX	Chevron CORP	Stock-Energy	1.37%	+0.88%	+27.84%
7	AMZN	Amazon.com INC	Stock-Consumer Disc	1.22%	+0.71%	+64.87%
8	LLY	Eli Lilly & Co	Stock-Healthcare	1.12%	—	+24.51%
9	PLTR	Palantir Technologies Inc-a	Stock-Tech	0.92%	-0.16%	-36.07%
10	C	Citigroup INC	Stock-Financials	0.89%	—	-20.28%
11	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.84%	-0.23%	-49.62%
12	GE	General Electric	Stock-Industrials	0.82%	—	-16.30%
13	META	Meta Platforms Inc-class A	Stock-Comm Services	0.81%	—	+5.78%
14	AMD	Advanced Micro Devices	Stock-Tech	0.71%	-0.10%	-43.86%
15	LRCX	Lam Research CORP	Stock-Tech	0.70%	+0.06%	-46.22%
16	XOM	Exxon Mobil CORP	Stock-Energy	0.69%	—	-4.27%
17	XLF	Ss Financial Select Sector	ETF-Other	0.66%	—	+37.42%
18	NOW	Servicenow INC	Stock-Tech	0.65%	—	+23.21%
19	SNDK	Sandisk CORP	Stock-Tech	0.63%	+0.59%	+234.42%
20	ASML	ASML Holding N.V.	Stock-Tech	0.62%	—	+22.04%
21	CAT	Caterpillar INC	Stock-Industrials	0.60%	—	-26.10%
22	JPM	Jpmorgan Chase & Co	Stock-Financials	0.60%	-0.32%	-55.98%
23	ADBE	Adobe INC	Stock-Tech	0.60%	—	-5.08%
24	MO	Altria Group INC	Stock-Consumer Staples	0.60%	—	-27.04%
25	INTC	Intel CORP	Stock-Tech	0.57%	—	-36.60%
26	BE	Bloom Energy Corp- A	Stock-Industrials	0.56%	—	+13.81%
27	HOOD	Robinhood Markets INC - A	Stock-Financials	0.54%	-0.08%	-12.97%
28	UBER	Uber Technologies INC	Stock-Industrials	0.54%	—	+39.32%
29	SMH	Vaneck Semiconductor ETF	ETF-Other	0.54%	—	-25.25%
30	GEV	GE Vernova INC	Stock-Industrials	0.52%	—	-54.59%
31	NVDA	Nvidia CORP	Stock-Tech	0.52%	-0.96%	-76.96%
32	MRVL	Marvell Technology INC	Stock-Tech	0.51%	—	+27.92%
33	GS	Goldman Sachs Group INC	Stock-Financials	0.51%	-0.17%	-52.48%
34	BKNG	Booking Holdings INC	Stock-Consumer Disc	0.50%	—	+21.52%
35	NEM	Newmont CORP	Stock-Materials	0.50%	—	-39.39%
36	RTX	Rtx CORP	Stock-Industrials	0.50%	-0.05%	-46.47%
37	BSX	Boston Scientific CORP	Stock-Healthcare	0.49%	—	+0.80%
38	ISRG	Intuitive Surgical INC	Stock-Healthcare	0.49%	—	+17.37%
39	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.47%	—	-45.33%
40	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.47%	-0.11%	-56.88%
41	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	0.46%	-0.28%	-58.44%
42	AMAT	Applied Materials INC	Stock-Tech	0.45%	—	-22.32%
43	CRM	Salesforce INC	Stock-Tech	0.44%	—	-16.57%
44	AVGO	Broadcom INC	Stock-Tech	0.43%	-0.22%	-54.28%
45	TMUS	T-mobile US INC	Stock-Comm Services	0.43%	—	-28.27%
46	XLV	Ss Health Care Select Sector	ETF-Other	0.42%	-0.14%	-50.90%
47	UNH	Unitedhealth Group INC	Stock-Healthcare	0.42%	-0.25%	-53.25%
48	ORCL	Oracle CORP	Stock-Tech	0.41%	—	-12.15%
49	MCD	Mcdonald's CORP	Stock-Consumer Disc	0.41%	—	-36.39%
50	XLK	Ss Technology Select Sector	ETF-Tech	0.41%	—	-31.59%

1–50 of 1,112

Portfolio Performance

Performance for Q3 2026

+5.3%

Performance Last 4 Quarters

+30.1%

Based on 74% of reported portfolio value with available pricing

Stdev: +17.8%
Beta: +1.28
Alpha: -1.2%
Max Drawdown: -9.6%
Annualized Perf: +23.1%
Batting Avg vs S&P: +61.1%
Sortino: +2.59
Stutzer: +0.37
Treynor: +0.18
Sterling: +1.27
Calmar: +2.39
Information Ratio: +0.56
Tracking Error: +7.1%
Stdev Down: +8.7%
Winning Months %: +66.7%
Losing Months %: +33.3%
Best 12 Months: +50.8%
Worst 12 Months: +5%
Efficiency Ratio: +0.55
Sharpe: +1.26
Stdev Sectors: +7.7%
Skewness: +0.16
Kurtosis: -0.75
Upside Potential: +4.34

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	2005	$22.1B	67	1TSLA 2MU 3AAPL Top holdings2026-03-31 1.TSLA 2.MU 3.AAPL 4.MSFT 5.TSM 6.CVX 7.AMZN 8.LLY 9.PLTR 10.C
2025-12-31	2325	$36.0B	39	1SPY 2AAPL 3TSLA Top holdings2025-12-31 1.SPY 2.AAPL 3.TSLA 4.MU 5.NVDA 6.TSM 7.PLTR 8.BRK-B 9.JPM 10.AMD
2025-09-30	2407	$38.2B	60	1TSLA 2NVDA 3AAPL Top holdings2025-09-30 1.TSLA 2.NVDA 3.AAPL 4.SPY 5.NFLX 6.MU 7.MSFT 8.PLTR 9.GDX 10.JPM
2025-06-30	2312	$36.3B	0	1NVDA 2AAPL 3GOOGL Top holdings2025-06-30 1.NVDA 2.AAPL 3.GOOGL 4.PLTR 5.PEP 6.UNH 7.TSLA 8.COIN 9.AMD 10.META
2025-03-31	1937	$34.7B	100	1META 2JPM 3AAPL Top holdings2025-03-31 1.META 2.JPM 3.AAPL 4.SMH 5.NVDA 6.AMD 7.PLTR 8.TSLA 9.GOOGL 10.C
2024-12-31	1995	$39.2B	0	1TSLA 2SMH 3AAPL Top holdings2024-12-31 1.TSLA 2.SMH 3.AAPL 4.NVDA 5.PLTR 6.BA 7.META 8.NFLX 9.MSFT 10.TSM
2024-09-30	1937	$36.5B	0	1NVDA 2SMH 3GOOGL Top holdings2024-09-30 1.NVDA 2.SMH 3.GOOGL 4.TSM 5.MSFT 6.AAPL 7.META 8.NFLX 9.AMZN 10.XLI
2024-06-30	1841	$34.0B	0	1NVDA 2AMZN 3NFLX Top holdings2024-06-30 1.NVDA 2.AMZN 3.NFLX 4.C 5.MSFT 6.SMH 7.GOOGL 8.COIN 9.QCOM 10.V
2024-03-31	1942	$34.6B	0	1NVDA 2AAPL 3GOOGL Top holdings2024-03-31 1.NVDA 2.AAPL 3.GOOGL 4.AMZN 5.META 6.JPM 7.MSFT 8.BAC 9.BRK-B 10.LLY
2023-12-31	2073	$37.2B	0	1AAPL 2AMZN 3NVDA Top holdings2023-12-31 1.AAPL 2.AMZN 3.NVDA 4.GOOGL 5.META 6.TSLA 7.MSFT 8.SPY 9.INTC 10.BAC
2023-09-30	1901	$28.9B	0	1AAPL 2NVDA 3MSFT Top holdings2023-09-30 1.AAPL 2.NVDA 3.MSFT 4.TSLA 5.NKE 6.GOOGL 7.META 8.XLE 9.XOM 10.BRK-B
2023-06-30	1642	$24.7B	0	1SPY 2TSLA 3META Top holdings2023-06-30 1.SPY 2.TSLA 3.META 4.AAPL 5.NVDA 6.PYPL 7.BAC 8.GOOGL 9.NFLX 10.CRM
2023-03-31	1527	$20.9B	0	1NVDA 2TSLA 3SPY Top holdings2023-03-31 1.NVDA 2.TSLA 3.SPY 4.AAPL 5.AMZN 6.NFLX 7.MCD 8.VZ 9.JNJ 10.INTC
2022-12-31	1361	$14.9B	0	1AMZN 2GOOGL 3VZ Top holdings2022-12-31 1.AMZN 2.GOOGL 3.VZ 4.META 5.TSLA 6.INTC 7.NVDA 8.ADBE 9.NFLX 10.DIA
2022-09-30	1385	$12.7B	0	1SPY 2META 3GOOGL Top holdings2022-09-30 1.SPY 2.META 3.GOOGL 4.TSLA 5.INTC 6.NVDA 7.AMZN 8.XLE 9.MSFT 10.PFE
2022-06-30	1377	$11.0B	0	1SPY 2META 3BRK-B Top holdings2022-06-30 1.SPY 2.META 3.BRK-B 4.AMZN 5.GOOGL 6.NVDA 7.NFLX 8.PYPL 9.INTC 10.TSLA
2022-03-31	1414	$12.2B	0	1SPY 2PYPL 3AMD Top holdings2022-03-31 1.SPY 2.PYPL 3.AMD 4.PFE 5.COST 6.TSLA 7.QCOM 8.NVDA 9.AAPL 10.MRNA
2021-12-31	1550	$13.9B	0	1COST 2AMD 3MRNA Top holdings2021-12-31 1.COST 2.AMD 3.MRNA 4.UPS 5.NVDA 6.PFE 7.ZM 8.XOM 9.TWTRUSD 10.HD
2021-09-30	1478	$13.5B	0	1MRNA 2COST 3SPY Top holdings2021-09-30 1.MRNA 2.COST 3.SPY 4.AMD 5.TGT 6.UPS 7.TDOC 8.CAT 9.ROKU 10.TWTRUSD
2021-06-30	1390	$12.6B	84	1SPY 2CAT 3MRNA Top holdings2021-06-30 1.SPY 2.CAT 3.MRNA 4.TWTRUSD 5.PG 6.TGT 7.MU 8.TSM 9.TSLA 10.UPS
2021-03-31	1232	$9.1B	72	1UPS 2PG 3DIS Top holdings2021-03-31 1.UPS 2.PG 3.DIS 4.TSLA 5.TSM 6.SPY 7.CAT 8.AMD 9.SNAP 10.XYZ
2020-12-31	1255	$10.6B	71	1TSLA 2AAPL 3XYZ Top holdings2020-12-31 1.TSLA 2.AAPL 3.XYZ 4.XOM 5.BA 6.NKE 7.SPOT 8.CAT 9.UPS 10.AMD
2020-09-30	1167	$8.1B	65	1TSLA 2XYZ 3XOM Top holdings2020-09-30 1.TSLA 2.XYZ 3.XOM 4.WFC 5.AAPL 6.NKE 7.MO 8.EBAY 9.SPOT 10.T
2020-06-30	973	$6.3B	74	1TSLA 2BA 3NFLX Top holdings2020-06-30 1.TSLA 2.BA 3.NFLX 4.AAPL 5.XOM 6.NEM 7.AMGN 8.MO 9.INTC 10.XYZ
2020-03-31	1500	$6.5B	90	1SPY 2BMY 3TSLA Top holdings2020-03-31 1.SPY 2.BMY 3.TSLA 4.XOM 5.INTC 6.NFLX 7.AMGN 8.COST 9.CVS 10.AAPL
2019-12-31	1789	$12.7B	49	1PG 2INTC 3AAPL Top holdings2019-12-31 1.PG 2.INTC 3.AAPL 4.COST 5.BIDU 6.TSLA 7.NEM 8.MO 9.SBUX 10.CAT
2019-09-30	1620	$11.1B	58	1PG 2INTC 3TXN Top holdings2019-09-30 1.PG 2.INTC 3.TXN 4.COST 5.OXY 6.NEM 7.SBUX 8.PFE 9.CMG 10.INTU
2019-06-30	1557	$11.0B	66	1PG 2LLY 3CMG Top holdings2019-06-30 1.PG 2.LLY 3.CMG 4.NEM 5.PYPL 6.META 7.XLK 8.TXN 9.INTU 10.FDX
2019-03-31	1620	$11.2B	69	1PG 2SPY 3AAPL Top holdings2019-03-31 1.PG 2.SPY 3.AAPL 4.MRK 5.CMG 6.META 7.FDX 8.BA 9.BABA 10.WDC
2018-12-31	1792	$11.3B	77	1SPY 2AAPL 3MRK Top holdings2018-12-31 1.SPY 2.AAPL 3.MRK 4.NFLX 5.PG 6.XYZ 7.AMZN 8.JNJ 9.JD 10.IWM
2018-09-30	1909	$18.3B	56	1XYZ 2AAPL 3ABBV Top holdings2018-09-30 1.XYZ 2.AAPL 3.ABBV 4.MRK 5.CMG 6.BA 7.BMY 8.AMD 9.MSFT 10.MA
2018-06-30	1927	$19.2B	64	1AAPL 2BA 3BMY Top holdings2018-06-30 1.AAPL 2.BA 3.BMY 4.ABBV 5.XYZ 6.BIIB 7.INTC 8.SPY 9.OXY 10.MSFT
2018-03-31	1779	$16.7B	65	1CAT 2BA 3MSFT Top holdings2018-03-31 1.CAT 2.BA 3.MSFT 4.ABBV 5.SPY 6.NVDA 7.G0177J 8.CVX 9.WMT 10.CELG
2017-12-31	1771	$18.1B	60	1SPY 2NVDA 3BA Top holdings2017-12-31 1.SPY 2.NVDA 3.BA 4.CAT 5.G0177J 6.MCD 7.MSFT 8.BIDU 9.CMG 10.ABBV
2017-09-30	1479	$13.9B	60	1BA 2NVDA 3SPY Top holdings2017-09-30 1.BA 2.NVDA 3.SPY 4.AAPL 5.MCD 6.BIDU 7.CMG 8.MSFT 9.AMAT 10.ULTA
2017-06-30	1418	$12.4B	67	1SPY 2AAPL 3BA Top holdings2017-06-30 1.SPY 2.AAPL 3.BA 4.NVDA 5.DE 6.MCD 7.DIS 8.TGT 9.TXN 10.APC3EUR
2017-03-31	1415	$12.0B	86	1SPY 2BA 3NVDA Top holdings2017-03-31 1.SPY 2.BA 3.NVDA 4.IBM 5.AXP 6.DIS 7.MSFT 8.AAPL 9.JNJ 10.CAT
2016-12-31	1599	$11.6B	64	1SPY 2AAPL 3QCOM Top holdings2016-12-31 1.SPY 2.AAPL 3.QCOM 4.CAT 5.BMY 6.PFE 7.MS 8.TGT 9.MSFT 10.GOOGL
2016-09-30	1527	$10.9B	69	1XOM 2T 3BMY Top holdings2016-09-30 1.XOM 2.T 3.BMY 4.GS 5.WMT 6.EWZ 7.PG 8.MSFT 9.IBM 10.CMG
2016-06-30	1472	$10.7B	81	1MSFT 2IBM 3T Top holdings2016-06-30 1.MSFT 2.IBM 3.T 4.CAT 5.WMT 6.TGT 7.HD 8.SBUX 9.NKE 10.META
2016-03-31	1474	$10.3B	100	1SPY 2IBM 3AXP Top holdings2016-03-31 1.SPY 2.IBM 3.AXP 4.CAT 5.WMT 6.AAPL 7.CVX 8.BA 9.MSFT 10.IWM
2015-12-31	1504	$9.7B	78	1WMT 2SBUX 3GOOGL Top holdings2015-12-31 1.WMT 2.SBUX 3.GOOGL 4.NKE 5.VALE 6.MSFT 7.CVX 8.UNP 9.IWM 10.SLB
2015-09-30	1379	$8.9B	83	1SPY 2IWM 3UNP Top holdings2015-09-30 1.SPY 2.IWM 3.UNP 4.CVX 5.PG 6.SLB 7.WMT 8.SBUX 9.984332 10.HAL
2015-06-30	1429	$7.9B	78	1UNP 2MSFT 3HD Top holdings2015-06-30 1.UNP 2.MSFT 3.HD 4.DUK 5.AAPL 6.LOW 7.IWM 8.IBM 9.SLB 10.SBUX
2015-03-31	1395	$7.3B	84	1IWM 2UNP 3SLB Top holdings2015-03-31 1.IWM 2.UNP 3.SLB 4.AAPL 5.SBUX 6.V 7.ABBV 8.AMGN 9.IBM 10.PFE
2014-12-31	1549	$8.4B	69	1IWM 2SPY 3AAPL Top holdings2014-12-31 1.IWM 2.SPY 3.AAPL 4.INTC 5.BIDU 6.WYNN 7.MSFT 8.COP 9.XLE 10.HAL
2014-09-30	1481	$8.9B	74	1SPY 2IWM 3WYNN Top holdings2014-09-30 1.SPY 2.IWM 3.WYNN 4.MSFT 5.LVS 6.DAL 7.BRK-B 8.GILD 9.TSLA 10.AAPL
2014-06-30	1627	$9.5B	70	1SPY 2TSLA 3CELG Top holdings2014-06-30 1.SPY 2.TSLA 3.CELG 4.GOOG 5.NFLX 6.GILD 7.BMY 8.AAPL 9.IWM 10.AMZN
2014-03-31	1651	$8.2B	77	1SPY 2IWM 3BA Top holdings2014-03-31 1.SPY 2.IWM 3.BA 4.GOOG 5.MA 6.PM 7.TSLA 8.931422 9.MSFT 10.EOG
2013-12-31	1624	$8.1B	82	1SPY 2IWM 3TSLA Top holdings2013-12-31 1.SPY 2.IWM 3.TSLA 4.HPE 5.CSCO 6.VZ 7.JNJ 8.NFLX 9.HD 10.STX
2013-09-30	1529	$7.2B	100	1SPY 2PG 3C Top holdings2013-09-30 1.SPY 2.PG 3.C 4.IWM 5.GS 6.NFLX 7.ORCL 8.GOOG 9.ABT 10.TSLA
2013-06-30	1269	$6.5B	0	1SPY 2IWM373935A Top holdings2013-06-30 1.SPY 2.IWM 3.73935A 4.WMT 5.TSLA 6.LLY 7.PM 8.61166W 9.GILD 10.AAPL

Holding changes this quarter

Capital Fund Management S.a.'s most significant position changes for 2026-03-31: Trim: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares -87.98%; Add: Microsoft CORP (MSFT) — shares +129.92%; Trim: Nvidia CORP (NVDA) — shares -76.96%; Add: Chevron CORP (CVX) — shares +27.84%; Add: Amazon.com INC (AMZN) — shares +64.87%.

Position changes disclosed by Capital Fund Management S.a. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	MSFT	Microsoft CORP	+1.1%	+129.92%	Add
2	CVX	Chevron CORP	+0.9%	+27.84%	Add
3	AMZN	Amazon.com INC	+0.7%	+64.87%	Add
4	SNDK	Sandisk CORP	+0.6%	+234.42%	Add
5	MU	Micron Technology INC	+0.5%	-31.39%	Trim
6	TSLA	Tesla INC	+0.3%	-14.72%	Trim
7	TSM	Taiwan Semiconductor-sp Adr	+0.1%	-42.07%	Trim
8	LRCX	Lam Research CORP	+0.1%	-46.22%	Trim
9	AAPL	Apple INC	0%	-33.52%	Trim
10	RTX	Rtx CORP	-0.1%	-46.47%	Trim
11	HOOD	Robinhood Markets INC - A	-0.1%	-12.97%	Trim
12	IBM	Intl Business Machines CORP	-0.1%	-40.00%	Trim
13	AMD	Advanced Micro Devices	-0.1%	-43.86%	Trim
14	COST	Costco Wholesale CORP	-0.1%	-56.88%	Trim
15	ANET	Arista Networks INC	-0.1%	-53.84%	Trim
16	KRE	Ss Spdr S&p Regional Bank	-0.1%	-52.95%	Trim
17	T	At&t INC	-0.1%	-63.46%	Trim
18	XLV	Ss Health Care Select Sector	-0.1%	-50.90%	Trim
19	GM	General Motors Co	-0.1%	-52.23%	Trim
20	CMG	Chipotle Mexican Grill INC	-0.1%	-54.25%	Trim
21	BMY	Bristol-myers Squibb Co	-0.1%	-67.01%	Trim
22	SE	Sea Ltd-adr	-0.1%	-43.01%	Trim
23	PM	Philip Morris International	-0.2%	-58.71%	Trim
24	PLTR	Palantir Technologies Inc-a	-0.2%	-36.07%	Trim
25	GS	Goldman Sachs Group INC	-0.2%	-52.48%	Trim
26	SOFI	Sofi Technologies INC	-0.2%	-55.51%	Trim
27	WFC	Wells Fargo & Co	-0.2%	-66.54%	Trim
28	CVNA	Carvana Co	-0.2%	-76.91%	Trim
29	NFLX	Netflix INC	-0.2%	-59.79%	Trim
30	BAC	Bank Of America CORP	-0.2%	-57.97%	Trim
31	WBD	Warner Bros Discovery INC	-0.2%	-76.16%	Trim
32	AVGO	Broadcom INC	-0.2%	-54.28%	Trim
33	BA	Boeing Co/the	-0.2%	-62.32%	Trim
34	BRK-B	Berkshire Hathaway Inc-cl B	-0.2%	-49.62%	Trim
35	DAL	Delta Air Lines INC	-0.2%	-74.70%	Trim
36	V	Visa Inc-class A Shares	-0.2%	-76.75%	Trim
37	UNH	Unitedhealth Group INC	-0.3%	-53.25%	Trim
38	ARM	Arm Holdings Plc-adr	-0.3%	-75.47%	Trim
39	COIN	Coinbase Global INC -class A	-0.3%	-62.40%	Trim
40	SCHW	Schwab (charles) CORP	-0.3%	-73.30%	Trim
41	COF	Capital One Financial CORP	-0.3%	-87.40%	Trim
42	GOOGL	Alphabet Inc-cl A	-0.3%	-58.44%	Trim
43	TTD	Trade Desk Inc/the -class A	-0.3%	-67.80%	Trim
44	LULU	Lululemon Athletica INC	-0.3%	-76.70%	Trim
45	JPM	Jpmorgan Chase & Co	-0.3%	-55.98%	Trim
46	AXP	American Express Co	-0.4%	-77.30%	Trim
47	APP	Applovin Corp-class A	-0.4%	-62.77%	Trim
48	IWM	Ishares Russell 2000 ETF	-0.4%	-86.68%	Trim
49	NVDA	Nvidia CORP	-1%	-76.96%	Trim
50	SPY	Ss Spdr S&p 500 ETF Trust-us	-1.7%	-87.98%	Trim

FAQ

What is Capital Fund Management S.a. and what type of investor is it?

Capital Fund Management S.a. 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 $22.1B, spread across 2005 disclosed positions.

What are Capital Fund Management S.a.'s largest equity positions?

Based on the latest 13F filing, Capital Fund Management S.a.'s top holdings by market value are: 1. Tesla INC (TSLA) — $466.0M (2.1%) 2. Micron Technology INC (MU) — $464.7M (2.1%) 3. Apple INC (AAPL) — $458.3M (2.1%) 4. Microsoft CORP (MSFT) — $387.3M (1.8%) 5. Taiwan Semiconductor-sp Adr (TSM) — $327.6M (1.5%)

What changes did Capital Fund Management S.a. make in its most recent portfolio filing?

In the latest reported quarter, Capital Fund Management S.a. made 50 notable position adjustments: 0 new positions were initiated, 4 existing holdings were added to, 46 positions were partially reduced, and 0 were completely exited. The largest of these moves: Trim: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares -87.98%; Add: Microsoft CORP (MSFT) — shares +129.92%; Trim: Nvidia CORP (NVDA) — shares -76.96%; Add: Chevron CORP (CVX) — shares +27.84%; Add: Amazon.com INC (AMZN) — shares +64.87%

What sectors does Capital Fund Management S.a. focus on?

Capital Fund Management S.a. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 31.1% • Financials: 11.4% • Industrials: 10.9% • Consumer Discretionary: 10.8% • Health Care: 9.9% • Energy: 6.3%