CIK: 0001603465
Total reported value
$21.0B
Reporting period: 2025-09-30 · Number of holdings: 2948
Cubist Systematic Strategies, LLC disclosed 2948 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $21.0B and a quarterly turnover rate of 79.6%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "C"
Cubist Systematic Strategies, LLC's disclosed holdings carry a Herfindahl concentration index of 0.003 — mathematically equivalent to about 344 equally-sized positions, well below its 2948 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 2.21), 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.
Sector classification currently covers about 38% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add ORCL
+41.9% $186.1M
Add UNH
+66.6% $170.7M
Add GDX
+66.2% $178.1M
Add HOOD
-0.6% $146.1M
Trim PNC
+233.3% -$91.4M
Trim LMT
-81.6% -$86.8M
Cubist is systematically layering momentum (ORCL, HOOD) and macro hedges (GLD, GDX, XLI) — a classic alpha-hunt scoped by extreme diversification and high turnover. This is not a sector rotation; it's a high-conviction bet that both trend-following and safe-haven assets will pay.
The PNC trim and heavy gold/momentum accumulation signal a regime bet on persistent AI-driven growth and a dovish Fed pivot that sends real rates lower. The opposing thesis is a de-anchoring of inflation expectations that forces the Fed to hold, crushing both the momentum factor and the gold hedge in a liquidity event.
Cubist’s 2020-holding portfolio with 38% of value unmapped masks derivative leverage and makes real-time risk assessment near-impossible. Add a 79% quarterly turnover and you have a strategy that’s renting its alpha each quarter, vulnerable to execution drag and crowded momentum exits if the factor rollover.
Compiled by AI from public 13F filings; reflects historical positioning only and carries no investment recommendation.
Showing top 200 holdings (of 2948 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | ETF-Commodities | 1.46% | +0.52% | +39.42% | |
| 2 | ORCL | Oracle CORP | Stock-Tech | 1.25% | +0.78% | +41.86% | |
| 3 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 1.19% | +0.75% | +66.16% | |
| 4 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 1.01% | +0.27% | -8.06% | |
| 5 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.94% | +0.77% | +66.58% | |
| 6 | HOOD | Robinhood Markets INC - A | Stock-Financials | 0.87% | +0.65% | -0.56% | |
| 7 | NVDA | Nvidia CORP | Stock-Tech | 0.78% | +0.29% | +12.67% | |
| 8 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.71% | — | +16.54% | |
| 9 | XLE | Ss Energy Select Sector | ETF-Other | 0.68% | +0.31% | +54.51% | |
| 10 | NBIS | Nebius Group NV | Stock-Other | 0.68% | +0.68% | NEW | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.66% | — | +9.79% | |
| 12 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.61% | +0.31% | -12.76% | |
| 13 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.61% | — | -44.05% | |
| 14 | NFLX | Netflix INC | Stock-Comm Services | 0.59% | — | -24.22% | |
| 15 | WMT | Walmart INC | Stock-Consumer Staples | 0.59% | +0.15% | -33.31% | |
| 16 | AVGO | Broadcom INC | Stock-Tech | 0.58% | — | +10.95% | |
| 17 | AMD | Advanced Micro Devices | Stock-Tech | 0.55% | +0.22% | +34.65% | |
| 18 | MU | Micron Technology INC | Stock-Tech | 0.54% | +0.20% | +30.47% | |
| 19 | TSLA | Tesla INC | Stock-Consumer Disc | 0.54% | — | -14.98% | |
| 20 | MDB | Mongodb INC | Stock-Tech | 0.54% | — | -37.79% | |
| 21 | PDD | Pdd Holdings INC | Stock-Consumer Disc | 0.53% | — | +22.43% | |
| 22 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.53% | — | +91.09% | |
| 23 | NET | Cloudflare INC - Class A | Stock-Tech | 0.52% | +0.21% | +31.26% | |
| 24 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.51% | +0.21% | +11.24% | |
| 25 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 0.51% | +0.40% | +137.33% | |
| 26 | SMCI | Super Micro Computer INC | Stock-Tech | 0.51% | — | +3.83% | |
| 27 | SHOP | Shopify INC - Class A | Stock-Tech | 0.50% | — | +16.62% | |
| 28 | XLK | Ss Technology Select Sector | ETF-Tech | 0.50% | — | -28.11% | |
| 29 | RBLX | Roblox CORP -class A | Stock-Comm Services | 0.49% | — | -27.54% | |
| 30 | XLI | Ss Industrial Select Sector | ETF-Other | 0.49% | +0.44% | +10.77% | |
| 31 | ARM | Arm Holdings Plc-adr | Stock-Tech | 0.48% | +0.24% | +10.15% | |
| 32 | GS | Goldman Sachs Group INC | Stock-Financials | 0.47% | — | +25.63% | |
| 33 | AXON | Axon Enterprise INC | Stock-Industrials | 0.47% | — | +17.84% | |
| 34 | BA | Boeing Co/the | Stock-Industrials | 0.47% | +0.22% | +27.62% | |
| 35 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.46% | — | +10.64% | |
| 36 | SLV | Ishares Silver Trust | ETF-Commodities | 0.45% | — | +12.48% | |
| 37 | COIN | Coinbase Global INC -class A | Stock-Financials | 0.45% | +0.35% | +177.92% | |
| 38 | CRWD | Crowdstrike Holdings INC - A | Stock-Tech | 0.45% | — | -31.23% | |
| 39 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.43% | +0.20% | -9.99% | |
| 40 | FSLR | First Solar INC | Stock-Tech | 0.42% | +0.21% | +38.02% | |
| 41 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.42% | — | +10.41% | |
| 42 | STX | Seagate Technology Holdings plc | Stock-Tech | 0.42% | +0.38% | +257.06% | |
| 43 | DELL | Dell Technologies -c | Stock-Tech | 0.42% | — | -0.74% | |
| 44 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 0.41% | — | -22.47% | |
| 45 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.41% | +0.22% | +63.70% | |
| 46 | PANW | Palo Alto Networks INC | Stock-Tech | 0.40% | — | -27.53% | |
| 47 | GE | General Electric | Stock-Industrials | 0.40% | — | -20.46% | |
| 48 | MSFT | Microsoft CORP | Stock-Tech | 0.39% | — | +71.11% | |
| 49 | ANET | Arista Networks INC | Stock-Tech | 0.39% | -0.44% | -46.83% | |
| 50 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.39% | +0.36% | +26.65% |
Performance for Q3 2026
+2.2%
Performance Last 4 Quarters
+22.2%
Based on 76% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2025-09-30 | 2948 | $21.0B | 80 | |
| 2025-06-30 | 2889 | $21.8B | 0 | |
| 2025-03-31 | 2788 | $16.5B | 100 | |
| 2024-12-31 | 2907 | $16.0B | 0 | |
| 2024-09-30 | 2906 | $16.3B | 0 | |
| 2024-06-30 | 2865 | $14.7B | 0 | |
| 2024-03-31 | 3624 | $17.6B | 0 | |
| 2023-12-31 | 3513 | $15.4B | 0 | |
| 2023-09-30 | 3259 | $13.5B | 0 | |
| 2023-06-30 | 3405 | $15.1B | 0 | |
| 2023-03-31 | 3839 | $16.4B | 0 | |
| 2022-12-31 | 4186 | $17.1B | 0 | |
| 2022-09-30 | 4397 | $17.8B | 0 | |
| 2022-06-30 | 4333 | $16.4B | 0 | |
| 2022-03-31 | 3533 | $11.8B | 0 | |
| 2021-12-31 | 3436 | $10.5B | 0 | |
| 2021-09-30 | 2930 | $7.9B | 0 | |
| 2021-06-30 | 2894 | $8.9B | 84 | |
| 2021-03-31 | 2804 | $7.8B | 89 | |
| 2020-12-31 | 2537 | $7.3B | 85 | |
| 2020-09-30 | 2464 | $6.8B | 89 | |
| 2020-06-30 | 2373 | $5.8B | 100 | |
| 2020-03-31 | 2131 | $3.7B | 100 | |
| 2019-12-31 | 2392 | $5.5B | 99 | |
| 2019-09-30 | 2189 | $5.0B | 96 | |
| 2019-06-30 | 2427 | $5.4B | 100 | |
| 2019-03-31 | 2217 | $3.1B | 100 | |
| 2018-12-31 | 2014 | $2.1B | 100 | |
| 2018-09-30 | 1856 | $1.8B | 100 | |
| 2018-06-30 | 1756 | $2.0B | 100 | |
| 2018-03-31 | 1807 | $1.7B | 95 | |
| 2017-12-31 | 1875 | $1.9B | 92 | |
| 2017-09-30 | 1817 | $1.8B | 100 | |
| 2017-06-30 | 1646 | $1.6B | 100 | |
| 2017-03-31 | 1603 | $1.4B | 100 | |
| 2016-12-31 | 1687 | $1.3B | 100 | |
| 2016-09-30 | 1675 | $1.6B | 97 | |
| 2016-06-30 | 1697 | $1.7B | 100 | |
| 2016-03-31 | 1579 | $1.7B | 100 | |
| 2015-12-31 | 1738 | $1.7B | 100 | |
| 2015-09-30 | 1838 | $2.0B | 100 | |
| 2015-06-30 | 1797 | $2.0B | 98 | |
| 2015-03-31 | 1869 | $2.0B | 96 | |
| 2014-12-31 | 1852 | $1.9B | 98 | |
| 2014-09-30 | 1722 | $1.6B | 100 | |
| 2014-06-30 | 1497 | $1.7B | 0 |
Cubist Systematic Strategies, LLC's most significant position changes for 2025-09-30: New buy: Nebius Group NV (NBIS); New buy: British American Tob-sp Adr (BTI); Add: Oracle CORP (ORCL) — shares +41.86%; Add: Unitedhealth Group INC (UNH) — shares +66.58%; Add: Vaneck Gold Miners ETF (GDX) — shares +66.16%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +0.8% | +41.86% | Add |
| 2 | UNH | Unitedhealth Group INC | +0.8% | +66.58% | Add |
| 3 | GDX | Vaneck Gold Miners ETF | +0.8% | +66.16% | Add |
| 4 | HOOD | Robinhood Markets INC - A | +0.7% | -0.56% | Add |
| 5 | GLD | Spdr Gold Shares | +0.5% | +39.42% | Add |
| 6 | XLI | Ss Industrial Select Sector | +0.4% | +10.77% | Add |
| 7 | CRDO | Credo Technology Group Holding Ltd | +0.4% | +137.33% | Add |
| 8 | STX | Seagate Technology Holdings plc | +0.4% | +257.06% | Add |
| 9 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +0.4% | +26.65% | Add |
| 10 | COIN | Coinbase Global INC -class A | +0.4% | +177.92% | Add |
| 11 | ABNB | Airbnb Inc-class A | +0.3% | -38.16% | Add |
| 12 | KTOS | Kratos Defense & Security | +0.3% | +111.26% | Add |
| 13 | XLE | Ss Energy Select Sector | +0.3% | +54.51% | Add |
| 14 | TLT | Ishares 20+ Year Treasury Bd | +0.3% | -12.76% | Add |
| 15 | WDC | Western Digital CORP | +0.3% | +177.59% | Add |
| 16 | NVDA | Nvidia CORP | +0.3% | +12.67% | Add |
| 17 | KDP | Keurig Dr Pepper INC | +0.3% | +4557.75% | Add |
| 18 | LEU | Centrus Energy Corp-class A | +0.3% | +138.52% | Add |
| 19 | PLTR | Palantir Technologies Inc-a | +0.3% | -8.06% | Trim |
| 20 | AVAV | Aerovironment INC | +0.3% | +158.00% | Add |
| 21 | BE | Bloom Energy Corp- A | +0.3% | +74.48% | Add |
| 22 | HWM | Howmet Aerospace INC | +0.3% | +84.54% | Add |
| 23 | OKLO | Oklo INC | +0.3% | +60.40% | Add |
| 24 | ARM | Arm Holdings Plc-adr | +0.2% | +10.15% | Add |
| 25 | AMD | Advanced Micro Devices | +0.2% | +34.65% | Add |
| 26 | BA | Boeing Co/the | +0.2% | +27.62% | Add |
| 27 | ISRG | Intuitive Surgical INC | +0.2% | +63.70% | Add |
| 28 | GOOGL | Alphabet Inc-cl A | +0.2% | +11.24% | Add |
| 29 | NET | Cloudflare INC - Class A | +0.2% | +31.26% | Add |
| 30 | FSLR | First Solar INC | +0.2% | +38.02% | Add |
| 31 | HIMS | Hims & Hers Health INC | +0.2% | +1.74% | Add |
| 32 | MU | Micron Technology INC | +0.2% | +30.47% | Add |
| 33 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | -9.99% | Add |
| 34 | WMT | Walmart INC | +0.2% | -33.31% | Add |
| 35 | XOM | Exxon Mobil CORP | -0.3% | -89.62% | Trim |
| 36 | KWEB | Kranesh Csi China Internet | -0.3% | -66.89% | Trim |
| 37 | HUM | Humana INC | -0.4% | +139.80% | Trim |
| 38 | ✓ | On Hldg AG | -0.4% | +0.69% | Trim |
| 39 | TER | Teradyne INC | -0.4% | -5.52% | Trim |
| 40 | TEAM | Atlassian Corp-cl A | -0.4% | +209.76% | Trim |
| 41 | MELI | Mercadolibre INC | -0.4% | -17.70% | Trim |
| 42 | CHWY | Chewy INC - Class A | -0.4% | -68.26% | Trim |
| 43 | CMG | Chipotle Mexican Grill INC | -0.4% | -63.70% | Trim |
| 44 | ANET | Arista Networks INC | -0.4% | -46.83% | Trim |
| 45 | DIS | Walt Disney Co/the | -0.5% | -54.19% | Trim |
| 46 | ADBE | Adobe INC | -0.5% | -76.05% | Trim |
| 47 | LMT | Lockheed Martin CORP | -0.6% | -81.56% | Trim |
| 48 | PNC | Pnc Financial Services Group | -0.6% | +233.33% | Trim |
| 49 | NBIS | Nebius Group NV | — | NEW | New buy |
| 50 | BTI | British American Tob-sp Adr | — | NEW | New buy |
| Period | Filed | Type | 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 | 2024-09-16 | Amendment | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-16 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001351917
Total reported value
$21.1B
157 stks
2026-03-31
AUM within 0.6% of this institution
CIK 0001056527
Total reported value
$20.8B
1,236 stks
2025-12-31
Stale — no recent filing
AUM within 1.0% of this institution
CIK 0001376113
Total reported value
$21.3B
1,059 stks
2026-03-31
AUM within 1.2% of this institution
Institutions with overlapping top holdings
CIK 0000877338
Total reported value
$1.1B
56 stks
2026-03-31
2 of the top 5 holdings overlap, including Spdr Gold Shares
CIK 0001536557
Total reported value
$10.8M
18 stks
2026-03-31
2 of the top 5 holdings overlap, including Oracle CORP
CIK 0001581641
Total reported value
$60.8M
124 stks
2026-03-31
2 of the top 5 holdings overlap, including Palantir Technologies Inc-a