CAPITAL FUND MANAGEMENT S.A.

CIK

1323645

Location

PARIS, I0

Portfolio Value

Large $22,699,010,159

Diversification

Diversified

Filing Date

Global Rank

#321 / 8,818 ▼ 31

Top Industry

Semiconductors 9.8%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Systematic-like

929 stocks (500+), trailing annual turnover 145.0% (100%+), top 10 weight 13.0% (25% or less)

Turnover

High turnover

145.0% over the last four quarters (100%+)

Horizon

Horizon unknown

The value-weighted holding period is at least 5.5 quarters, but 1.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 65.5%; sector active share 14.4% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,184 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

1.7%

−0.4 pts

Top 5

7.7%

−1.9 pts

Top 10

13.5%

−2.5 pts

HHI

Diversified−11

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	30.0%	$6,799,250,244	215
Financial Services	13.4%	$3,037,194,342	154
Consumer Cyclical	11.2%	$2,544,503,859	146
Industrials	9.9%	$2,237,204,092	160
Healthcare	8.7%	$1,972,808,264	120
Unclassified	6.3%	$1,433,160,212	53
Communication Services	5.5%	$1,238,254,464	50
Consumer Defensive	4.3%	$983,771,897	63
Energy	4.0%	$905,405,696	63
Basic Materials	3.6%	$826,175,022	65
Utilities	1.7%	$377,240,889	42
Real Estate	1.5%	$344,041,178	53

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NOK	Nokia Corp	+4,806,422	6,061,629	$80,498,433
OPEN	Opendoor Technologies Inc.	+3,166,582	5,417,707	$25,029,806
VG	Venture Global, Inc.	+1,941,631	2,041,403	$22,720,815
SMCI	Super Micro Computer, Inc.	+1,903,011	2,881,318	$84,509,056
CLF	Cleveland-Cliffs Inc.	+1,859,713	2,016,447	$18,934,437
TTD	Trade Desk, Inc.	+1,610,901	1,812,929	$32,777,756
PINS	Pinterest, Inc.	+1,583,109	2,586,672	$54,397,712
LYG	Lloyds Banking Group plc	+1,359,141	2,093,662	$12,206,049
VISN	Vistance Networks, Inc.	+1,341,381	1,896,234	$24,233,870
CTSH	Cognizant Technology Solutions Corp	+1,297,391	1,508,568	$58,426,838
SNAP	Snap Inc	+1,201,558	4,369,965	$19,402,644
LAC	Lithium Americas Corp.	+1,178,228	1,252,311	$4,821,397
F	Ford Motor Co	+1,169,875	1,983,769	$27,574,389
AAL	American Airlines Group Inc.	+1,157,670	1,278,756	$23,107,120
MDT	Medtronic plc	+1,037,808	1,099,468	$86,011,381
CMG	Chipotle Mexican Grill Inc	+1,034,209	1,577,676	$53,640,984
BRBR	Bellring Brands, Inc.	+1,018,764	2,002,507	$25,912,440
HAL	Halliburton Co	+992,075	1,256,116	$42,645,138
UBER	Uber Technologies, Inc	+882,125	1,798,112	$129,751,761
CSGP	Costar Group, Inc.	+856,370	902,723	$25,565,115
BP	Bp PLC	+799,849	1,521,243	$56,209,928
B	Barrick Mining Corp	+787,760	1,703,468	$62,568,379
EOSE	Eos Energy Enterprises, Inc.	+746,907	2,181,499	$12,827,214
BAC	Bank Of America Corp	+721,870	1,206,139	$68,725,800
XLF	State Street Corp	+705,691	778,421	$41,731,149
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−1,049,715	50,461	$14,601,394
SMR	NUSCALE POWER Corp	−1,025,966	2,524,608	$25,321,818
DVN	Devon Energy Corp	−908,921	753,627	$31,139,867
CNH	CNH Industrial N.V.	−887,323	1,028,793	$11,553,345
ONDS	Ondas Inc.	−710,848	740,643	$6,102,898
FCX	Freeport-Mcmoran Inc	−667,884	82,418	$5,183,268
NEM	NEWMONT Corp	−664,275	76,408	$7,136,507
MO	Altria Group, Inc.	−570,067	940,688	$67,682,501
BTI	British American Tobacco p.l.c.	−516,559	210,690	$13,012,214
HL	Hecla Mining Co	−485,897	809,378	$12,488,702
CVX	Chevron Corp	−447,487	615,136	$101,964,943
NTLA	Intellia Therapeutics, Inc.	−431,742	298,380	$5,048,589
SO	Southern Co	−414,684	183,056	$17,520,289
PAGS	PagSeguro Digital Ltd.	−412,526	66,919	$605,616
SONY	Sony Group Corp	−411,098	123,804	$2,483,508
GEN	Gen Digital Inc.	−387,644	98,061	$2,440,738
MU	Micron Technology Inc	−382,301	37,110	$42,835,701
KO	Coca Cola Co	−369,136	336,728	$27,365,884
VALE	Vale S.A.	−362,330	154,335	$2,321,198
BE	Bloom Energy Corp	−329,885	160,551	$48,598,787
ROKU	Roku, Inc	−314,317	15,355	$2,121,139
RTX	RTX Corp	−313,081	121,298	$23,013,869
NWG	NatWest Group plc	−313,024	263,731	$4,649,577
MRNA	Moderna, Inc.	−292,172	277,758	$19,451,392
LRCX	Lam Research Corp	−291,971	121,371	$52,593,695
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SPY	Spdr S&P 500 ETF Trust	161,180	$120,364,388
WFC	Wells Fargo & Company	1,012,417	$83,666,140
QQQ	Invesco Qqq Trust, Series 1	90,329	$66,518,275
CMCSA	Comcast Corp	2,696,412	$66,196,914
STX	Seagate Technology Holdings plc	58,699	$56,644,535
LHX	L3harris Technologies, Inc.	166,603	$48,413,165
CLS	Celestica Inc	125,049	$45,617,875
ECHO	EchoStar CORP	432,991	$43,948,586
ICE	Intercontinental Exchange, Inc.	322,016	$39,643,389
STM	STMicroelectronics N.V.	483,307	$36,194,861
ULTA	Ulta Beauty, Inc.	76,320	$34,418,793
TSEM	Tower Semiconductor Ltd	113,379	$29,551,102
FTV	Fortive Corp	444,580	$27,159,392
MUSA	Murphy USA Inc.	50,153	$27,025,947
FSLR	First Solar, Inc.	113,492	$26,779,572
LITE	Lumentum Holdings Inc.	29,371	$25,202,080
HCA	HCA Healthcare, Inc.	62,552	$24,388,399
LULU	lululemon athletica inc.	213,293	$24,353,794
RDDT	Reddit, Inc.	136,505	$23,694,537
CBRE	Cbre Group, Inc.	162,031	$21,823,955
AG	First Majestic Silver Corp	1,275,592	$21,634,040
IGV	iShares Expanded Tech-Software Sector ETF	234,549	$21,250,139
JNJ	Johnson & Johnson	82,341	$20,912,143
BMNR	Bitmine Immersion Technologies, Inc.	1,506,869	$20,056,426
RH	Rh	115,102	$18,960,752
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
PLTR	Palantir Technologies Inc.	654,498	$95,739,967
GEV	GE Vernova Inc.	80,134	$69,948,968
MRVL	Marvell Technology, Inc.	658,399	$65,214,420
XOM	ExxonMobil Holdings Corp	338,435	$57,418,882
SYK	Stryker Corp	159,450	$52,393,675
HON	Honeywell International Inc	213,684	$48,299,002
VST	Vistra Corp.	261,450	$39,303,778
COP	Conocophillips	262,477	$34,646,964
SE	Sea Ltd	399,316	$33,067,357
MCO	Moodys Corp	75,466	$32,922,042
MA	Mastercard Inc	60,823	$30,390,820
MELI	Mercadolibre Inc	15,420	$26,661,488
NRG	Nrg Energy, Inc.	181,076	$26,462,446
ITW	Illinois Tool Works Inc	99,653	$25,938,679
EQT	EQT Corp	385,408	$24,527,365
GLW	Corning Inc	166,777	$22,676,668
FIX	Comfort Systems USA Inc	16,372	$22,576,824
ROP	Roper Technologies Inc	63,510	$22,473,648
NVO	Novo Nordisk A S	549,373	$20,189,457
COST	Costco Wholesale Corp	19,270	$19,201,206
HSBC	Hsbc Holdings PLC	216,957	$17,896,782
MCHP	Microchip Technology Inc	262,747	$16,976,083
DASH	DoorDash, Inc.	104,539	$15,696,530
RBLX	Roblox Corp	275,531	$15,584,033
ELV	Elevance Health, Inc.	52,982	$15,510,480
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,184 tracked positions · $22,699,010,159 total · filing declares 2,033 positions · $22,701,785,230 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,184 positions by value · page 1 of 24

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AMD	Advanced Micro Devices Inc PUT CALL + SHARES Technology	Reduced	674,077	-93,406	$391,578,070	+150.8%	6	$273.75	1.73%
MU	Micron Technology Inc PUT CALL + SHARES Technology	Reduced	325,710	-1,049,801	$375,963,795	−19.1%	4	$202.56	1.66%
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	813,884	-439,674	$342,319,610	−26.5%	5	$348.65	1.51%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	Added	1,399,540	+99,863	$333,566,363	+23.2%	4	$228.67	1.47%
MSFT	Microsoft Corp PUT CALL + SHARES Technology	Reduced	842,343	-203,812	$314,210,785	−18.9%	2	$418.44	1.38%
SPY	Spdr S&P 500 ETF Trust PUT CALL + SHARES	Added	358,780	+226,080	$267,926,140	+210.5%	1	$725.01	1.18%
C	Citigroup Inc PUT CALL + SHARES Financial Services	Added	1,894,330	+151,292	$265,130,426	+34.1%	19	$99.70	1.17%
TSM	Taiwan Semiconductor Manufacturing Co Ltd PUT CALL + SHARES Technology	Reduced	536,934	-432,318	$256,423,570	−21.7%	11	$275.97	1.13%
INTC	Intel Corp PUT CALL + SHARES Technology	Reduced	1,805,853	-1,076,259	$252,151,254	+98.3%	4	$95.03	1.11%
CRM	Salesforce, Inc. PUT CALL + SHARES Technology	Added	1,373,302	+857,061	$215,141,491	+123.3%	7	$197.45	0.95%
CAT	Caterpillar Inc PUT CALL + SHARES Industrials	Added	196,946	+8,798	$209,727,795	+57.3%	6	$552.83	0.92%
UBER	Uber Technologies, Inc PUT CALL + SHARES Technology	Added	2,399,212	+739,225	$173,127,137	+45.0%	2	$75.18	0.76%
HOOD	Robinhood Markets, Inc. PUT CALL + SHARES Financial Services	Reduced	1,678,530	-47,445	$168,322,988	+40.7%	4	$93.93	0.74%
AAPL	Apple Inc. PUT CALL + SHARES Technology	Reduced	568,161	-1,237,815	$164,403,066	−64.1%	5	$215.16	0.72%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	Reduced	278,940	-35,774	$157,124,112	−12.7%	3	$645.66	0.69%
BRK-B	Berkshire Hathaway Inc PUT CALL + SHARES Financial Services	Reduced	311,597	-74,423	$155,920,022	−15.7%	5	$490.51	0.69%
JPM	Jpmorgan Chase & Co PUT CALL + SHARES Financial Services	Added	465,815	+14,695	$152,475,223	+14.9%	7	$294.48	0.67%
WDC	Western Digital Corp PUT CALL + SHARES Technology	Reduced	222,331	-107,532	$142,007,256	+59.2%	4	$147.01	0.63%
ASML	Asml Holding NV PUT + SHARES Technology	Reduced	65,310	-38,779	$129,930,319	−5.5%	3	$1,227.91	0.57%
GE	General Electric Co PUT CALL + SHARES Industrials	Reduced	337,371	-302,974	$126,085,663	−30.6%	19	$201.72	0.56%
NOW	ServiceNow, Inc. PUT CALL + SHARES Technology	Reduced	1,264,056	-120,995	$125,495,479	−13.3%	3	unpriced	0.55%
ABNB	Airbnb, Inc. PUT CALL + SHARES Consumer Cyclical	Added	876,066	+216,833	$125,365,044	+50.6%	9	$132.66	0.55%
XLF	State Street Corp PUT CALL + SHARES Financial Services	Reduced	2,336,721	-629,409	$125,271,612	−14.5%	8	$51.49	0.55%
CVX	Chevron Corp PUT CALL + SHARES Energy	Reduced	744,836	-722,987	$123,464,015	−59.3%	7	$153.92	0.54%
LRCX	Lam Research Corp PUT CALL + SHARES Technology	Reduced	283,971	-440,371	$123,053,153	−20.5%	15	unpriced	0.54%
WFC	Wells Fargo & Company PUT CALL + SHARES Financial Services	Added	1,477,217	+1,021,417	$122,077,212	+236.4%	1	$80.36	0.54%
BAC	Bank Of America Corp PUT CALL + SHARES Financial Services	Added	2,047,739	+650,170	$116,680,168	+71.3%	13	$52.35	0.51%
NOK	Nokia Corp PUT CALL + SHARES Technology	Added	8,767,429	+6,941,122	$116,431,457	+692.9%	3	$11.71	0.51%
GS	Goldman Sachs Group Inc PUT CALL + SHARES Financial Services	Reduced	111,790	-21,465	$113,061,052	+0.3%	10	$828.60	0.50%
SMH	VanEck Semiconductor ETF PUT CALL + SHARES	Reduced	172,013	-137,762	$112,821,606	−5.0%	2	$397.07	0.50%
NVDA	Nvidia Corp PUT CALL Technology	Reduced	512,100	-143,800	$102,466,089	−10.4%	—	—	0.45%
CMCSA	Comcast Corp PUT CALL + SHARES Communication Services	Added	4,119,912	+2,328,712	$101,143,839	+96.7%	1	$25.81	0.45%
AIG	American International Group, Inc. CALL + SHARES Financial Services	Added	1,312,984	+144,948	$97,856,697	+11.3%	8	$76.33	0.43%
TMUS	T-Mobile US, Inc. PUT CALL + SHARES Communication Services	Added	580,939	+132,402	$97,440,898	+3.4%	5	$207.17	0.43%
MDT	Medtronic plc PUT CALL + SHARES Healthcare	Added	1,231,768	+1,130,708	$96,361,210	+1000.4%	2	$81.52	0.42%
SMCI	Super Micro Computer, Inc. PUT CALL + SHARES Technology	Added	3,259,818	+1,248,611	$95,610,461	+108.8%	5	$33.77	0.42%
UNH	Unitedhealth Group Inc PUT CALL Healthcare	Reduced	223,200	-118,800	$92,768,616	+0.2%	—	—	0.41%
EWZ	iShares MSCI Brazil ETF PUT CALL	Added	2,665,000	+1,920,700	$91,942,500	+221.8%	—	—	0.41%
UAL	United Airlines Holdings, Inc. CALL + SHARES Industrials	Added	657,944	+274,044	$89,473,804	+153.1%	6	$103.20	0.39%
LLY	ELI LILLY & Co PUT CALL + SHARES Healthcare	Reduced	73,845	-196,213	$88,571,914	−64.3%	2	$1,013.81	0.39%
STX	Seagate Technology Holdings plc PUT CALL + SHARES Technology	Reduced	91,199	-6,701	$88,007,035	+129.5%	1	$762.82	0.39%
LITE	Lumentum Holdings Inc. PUT CALL + SHARES Technology	Added	99,071	+45,371	$85,008,862	+125.3%	1	$892.05	0.37%
SHOP	Shopify Inc. PUT CALL + SHARES Technology	Added	740,867	+306,958	$84,592,194	+64.4%	4	$121.83	0.37%
ISRG	Intuitive Surgical Inc PUT CALL + SHARES Healthcare	Reduced	211,407	-21,389	$84,072,335	−21.7%	6	$499.69	0.37%
BE	Bloom Energy Corp PUT CALL + SHARES Industrials	Reduced	277,451	-629,085	$83,984,417	−31.6%	3	$140.09	0.37%
ARM	Arm Holdings PLC PUT CALL Technology	Reduced	236,400	-223,500	$83,820,348	+20.5%	—	—	0.37%
GOOGL	Alphabet Inc. PUT CALL Communication Services	Reduced	234,400	-119,538	$83,767,528	−17.7%	—	—	0.37%
GILD	Gilead Sciences, Inc. PUT CALL + SHARES Healthcare	Added	656,041	+464,149	$82,884,219	+209.9%	3	$131.62	0.37%
MO	Altria Group, Inc. PUT CALL + SHARES Consumer Defensive	Reduced	1,130,888	-868,767	$81,367,391	−38.3%	7	$58.73	0.36%
PLTR	Palantir Technologies Inc. PUT CALL Technology	Reduced	696,100	-701,498	$81,213,987	−60.3%	—	—	0.36%

Showing the top 50 of 1,184 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.