CAPITAL FUND MANAGEMENT S.A.

View all activity View 13F on SEC

Data as of Q4 2025

Institutional investor tracked via SEC 13F filings. Portfolio snapshot as of 2025-12-31.SEC EDGAR Source

Assets Under Management

$10.6B

Total Positions

834

New This Quarter

212

Filing Period

2025-12-31

Portfolio Allocation

Top holdings by portfolio weight

NVDA0.75%

TSLA0.68%

AAPL0.64%

TSM0.60%

CVX0.35%

GE0.35%

BKNG0.32%

BSX0.31%

PM0.29%

BAC0.29%

Other3.65%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

CIEN12Q held

Ciena Corp

Avg $59.85 · $18.9M est. P&L

Est. P&L

+298.23%

VSCO4Q held

VICTORIAS SECRET AND CO

Avg $19.99 · $3.8M est. P&L

Est. P&L

+174.03%

SPHR6Q held

SPHERE ENTERTAINMENT CO

Avg $38.28 · $2.4M est. P&L

Est. P&L

+152.79%

Top Losers

Upgrade to Pro to see the worst-performing positions.

View plans

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings(Showing 25 of 834 — sorted by value)

Export CSV(Pro)

Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
NVDA NVIDIA Corp	1.5M	$270.7M	0.8%	—	$153.34	+22.30%	4 qtrs	Decreased 0
TSLA Tesla Inc	541,058	$243.3M	0.7%	—	$410.42	+10.72%	3 qtrs	Decreased 0
AAPL Apple Inc	850,925	$231.3M	0.6%	—	$200.47	+36.09%	3 qtrs	Decreased 0
TSM TAIWAN SEMICONDUCTOR MFG LTD	706,378	$214.7M	0.6%	—	$285.09	+5.08%	9 qtrs	Increased 70
CVX Chevron Corp	829,197	$126.4M	0.4%	—	$139.43	+8.18%	5 qtrs	Decreased 0
GE GE AEROSPACE	404,637	$124.6M	0.3%	—	$174.65	+78.52%	17 qtrs	Increased 36
BKNG Booking Holdings Inc	21,795	$116.7M	0.3%	—	$5,427.15	0.00%	1 qtr	New 50
BSX Boston Scientific Corp	1.2M	$109.8M	0.3%	—	$96.49	-0.50%	2 qtrs	Increased 58
PM Philip Morris International Inc	649,846	$104.2M	0.3%	—	$147.16	+10.05%	17 qtrs	Increased 58
BAC Bank of America Corp	1.9M	$103.8M	0.3%	—	$53.26	+3.80%	11 qtrs	Increased 58
AMD Advanced Micro Devices Inc	480,397	$102.9M	0.3%	—	$196.44	+9.62%	4 qtrs	Increased 58
AMZN Amazon.com Inc	431,796	$99.7M	0.3%	—	$222.17	+4.66%	2 qtrs	Decreased 0
GEV GE Vernova Inc	151,843	$99.2M	0.3%	—	$613.56	+7.43%	4 qtrs	Increased 58
MO Altria Group Inc	1.7M	$98.4M	0.3%	—	$56.92	+1.49%	5 qtrs	Increased 37
ABNB Airbnb Inc	675,585	$91.7M	0.3%	—	$127.39	+7.47%	7 qtrs	Increased 40
JPM JPMORGAN CHASE & CO.	275,198	$88.7M	0.2%	—	$301.74	+6.70%	5 qtrs	Decreased 0
RTX RTX Corp	478,636	$87.8M	0.2%	—	$178.88	+2.87%	2 qtrs	Increased 58
MU Micron Technology Inc	300,781	$85.8M	0.2%	—	$163.73	+78.73%	2 qtrs	Decreased 0
HON Honeywell International Inc	438,151	$85.5M	0.2%	—	$196.22	+0.07%	2 qtrs	Increased 57
NFLX Netflix Inc	906,340	$85M	0.2%	—	$96.67	-2.99%	2 qtrs	Increased 57
BRK/B Berkshire Hathaway Inc	163,063	$82M	0.2%	—	—	—	3 qtrs	Decreased 0
XLV SELECT SECTOR SPDR TR	520,868	$80.6M	0.2%	—	$149.84	+3.90%	3 qtrs	Increased 57
NOW ServiceNow Inc	523,014	$80.1M	0.2%	—	$154.23	0.00%	1 qtr	New 49
SE Sea Ltd	602,896	$76.9M	0.2%	—	$139.38	-7.91%	4 qtrs	Increased 54
CRM Salesforce Inc	267,452	$70.9M	0.2%	—	$263.69	+0.85%	5 qtrs	Increased 48
Showing 25 of 834 results.PROUpgrade to see all →

Accumulation Streaks

Positions with 2+ consecutive quarters of increases — persistent directional conviction.

Security

ESTCElastic NV

Q3 2024 → Q4 2025+184,434 shares+$13.2M

ENBENBRIDGE INC C

Q4 2024 → Q4 2025+267,715 shares+$13.2M

SCHDSCHWAB STRATEGIC TR

Q4 2024 → Q4 2025+371,294 shares+$9.4M

Upgrade to Pro to see all accumulation streaks

Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer