CAPITAL FUND MANAGEMENT S.A.

CIK

1323645

Location

PARIS, I0

Portfolio Value

Large $20,594,263,883

Diversification

Diversified

Filing Date

Global Rank

#267 / 8,623 ▼ 71 · as of Mar 2026

Top Industry

Semiconductors 8.6%

3Y Alpha vs SPY

-1.0%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of CAPITAL FUND MANAGEMENT S.A.'s reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 28% that is ordinary stock — as little as 21% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+66.0%

SPY

+65.3%

Annualised alpha

+0.2%

Max drawdown

−21.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 28% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

1,057 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

2.3%

+0.0 pts

Top 5

10.2%

+0.5 pts

Top 10

16.2%

+0.7 pts

HHI

Diversified+2

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	31.0%	$6,387,204,925	217
Financial Services	11.2%	$2,313,710,495	138
Consumer Cyclical	10.7%	$2,206,333,854	131
Industrials	10.5%	$2,163,938,360	142
Healthcare	9.8%	$2,022,688,183	124
Energy	6.2%	$1,284,327,712	56
Communication Services	5.8%	$1,193,134,159	40
Consumer Defensive	5.6%	$1,149,281,515	59
Basic Materials	4.8%	$990,093,245	66
Utilities	2.7%	$553,722,319	36
Real Estate	0.9%	$182,529,153	45
Unclassified	0.7%	$147,299,963	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NOK	Nokia Corp	+1,766,908	1,826,307	$14,683,508
EOSE	Eos Energy Enterprises, Inc.	+1,084,192	2,225,092	$11,036,456
HL	Hecla Mining Co/De/	+851,170	1,785,975	$33,272,714
GPK	Graphic Packaging Holding Co	+837,761	1,054,017	$10,476,928
ONDS	Ondas Inc.	+827,959	1,451,491	$13,121,478
TOST	Toast, Inc.	+752,743	1,122,838	$29,766,435
QBTS	D-Wave Quantum Inc.	+694,400	1,431,800	$20,660,874
UL	Unilever PLC	+635,161	819,579	$46,691,415
PINS	Pinterest, Inc.	+632,051	1,372,663	$25,174,639
DOCU	Docusign, Inc.	+599,924	1,005,844	$47,687,064
LYG	Lloyds Banking Group plc	+598,602	734,521	$3,694,640
BRBR	Bellring Brands, Inc.	+598,332	1,081,243	$17,397,199
MSFT	Microsoft Corp	+591,155	1,046,155	$387,255,196
INFY	Infosys Ltd	+568,491	787,791	$10,643,056
AIG	American International Group, Inc.	+558,145	1,168,036	$87,894,709
KO	Coca Cola Co	+525,264	1,070,164	$81,385,972
AMZN	Amazon Com Inc	+511,381	1,299,677	$270,683,728
UMC	United Microelectronics Corp	+499,780	745,338	$6,693,135
FIS	Fidelity National Information Services, Inc.	+497,724	727,531	$34,128,479
FMC	Fmc Corp	+493,008	1,192,956	$20,542,702
IAG	Iamgold Corp	+487,619	718,919	$13,530,055
UBER	Uber Technologies, Inc	+468,487	1,659,987	$119,402,864
ENVX	Enovix Corp	+463,548	735,579	$3,810,299
GME	GameStop Corp.	+438,045	700,200	$16,132,608
NTLA	Intellia Therapeutics, Inc.	+401,596	796,622	$10,212,694
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	−3,970,773	2,286,307	$66,280,039
MARA	MARA Holdings, Inc.	−3,209,694	1,077,600	$8,793,216
ACHR	Archer Aviation Inc.	−3,183,752	754,061	$3,898,495
WBD	Warner Bros. Discovery, Inc.	−3,000,800	939,100	$25,787,686
TTD	Trade Desk, Inc.	−2,787,122	1,323,628	$30,033,119
VALE	Vale S.A.	−2,435,851	1,231,465	$19,592,608
F	Ford Motor Co	−2,416,401	2,191,394	$25,288,686
SOFI	SoFi Technologies, Inc.	−2,330,479	1,867,921	$29,662,585
SOUN	Soundhound Ai, Inc.	−2,284,300	527,100	$3,621,177
NVDA	Nvidia Corp	−2,190,629	655,900	$114,388,960
RKT	Rocket Companies, Inc.	−2,178,590	567,815	$8,091,363
CMG	Chipotle Mexican Grill Inc	−2,056,648	1,734,667	$55,526,690
BAC	Bank Of America Corp /De/	−1,927,423	1,397,569	$68,131,488
KHC	Kraft Heinz Co	−1,864,399	864,101	$19,433,631
SMCI	Super Micro Computer, Inc.	−1,707,338	2,011,207	$45,795,183
INTC	Intel Corp	−1,664,101	2,882,112	$127,187,602
PTON	Peloton Interactive, Inc.	−1,656,807	551,691	$2,366,754
RIOT	Riot Platforms, Inc.	−1,612,363	323,300	$3,995,988
BMY	Bristol Myers Squibb Co	−1,578,224	777,042	$47,127,597
AAL	American Airlines Group Inc.	−1,576,620	1,643,286	$17,648,891
DOW	Dow Inc.	−1,566,693	986,807	$41,100,511
GIS	General Mills Inc	−1,518,170	511,995	$19,056,453
HIMS	Hims & Hers Health, Inc.	−1,515,357	541,343	$11,238,280
QS	QuantumScape Corp	−1,503,999	343,600	$2,192,168
IREN	IREN Ltd	−1,491,854	1,269,046	$43,502,896
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
VRTX	Vertex Pharmaceuticals Inc / Ma	122,934	$54,894,948
MCK	Mckesson Corp	60,801	$52,614,753
PH	Parker-Hannifin Corp	38,786	$34,722,778
KLAC	Kla Corp	20,690	$30,464,162
ITW	Illinois Tool Works Inc	99,653	$25,938,679
FIX	Comfort Systems USA Inc	16,372	$22,576,824
EXPD	Expeditors International Of Washington Inc	130,456	$18,685,212
PNW	Pinnacle West Capital Corp	117,108	$11,798,631
EG	Everest Group, Ltd.	33,386	$10,912,214
IONS	Ionis Pharmaceuticals Inc	142,201	$10,677,873
OPEN	Opendoor Technologies Inc.	2,251,125	$10,535,265
ARES	Ares Management Corp	82,778	$9,031,079
BR	Broadridge Financial Solutions, Inc.	53,138	$8,633,862
CCK	Crown Holdings, Inc.	85,945	$8,615,986
PTCT	Ptc Therapeutics, Inc.	121,286	$8,263,215
SCCO	Southern Copper Corp/	47,100	$8,104,024
WST	West Pharmaceutical Services Inc	32,249	$8,082,889
EFX	Equifax Inc	44,008	$7,924,520
WWD	Woodward, Inc.	20,044	$7,174,148
VMI	Valmont Industries Inc	14,302	$5,714,650
PAYC	Paycom Software, Inc.	42,595	$5,176,996
TRMB	Trimble Inc.	72,911	$4,755,984
ADC	Agree Realty Corp	61,300	$4,620,794
ROL	Rollins Inc	83,683	$4,469,509
HQY	Healthequity, Inc.	52,310	$4,371,546
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
VLO	Valero Energy Corp/Tx	248,856	$40,511,268
CB	Chubb Ltd	90,800	$28,340,496
CDNS	Cadence Design Systems Inc	87,523	$27,357,939
CAR	Avis Budget Group, Inc.	171,000	$21,942,720
TRV	Travelers Companies, Inc.	72,354	$20,987,001
REGN	Regeneron Pharmaceuticals, Inc.	26,500	$20,454,555
IT	Gartner Inc	74,648	$18,832,197
BROS	Dutch Bros Inc.	304,943	$18,668,610
PWR	Quanta Services, Inc.	43,100	$18,190,786
MAR	Marriott International Inc /Md/	54,500	$16,908,080
ALL	Allstate Corp	69,120	$14,387,328
EA	Electronic Arts Inc.	69,585	$14,218,303
FTAI	FTAI Aviation Ltd.	70,131	$13,805,287
VRSN	Verisign Inc/Ca	56,350	$13,690,232
ULTA	Ulta Beauty, Inc.	22,500	$13,612,725
URI	United Rentals, Inc.	16,600	$13,434,712
ECL	Ecolab Inc.	43,500	$11,419,620
BG	Bunge Global SA	126,000	$11,224,080
MTZ	Mastec Inc	50,849	$11,053,047
AKAM	Akamai Technologies Inc	123,478	$10,773,455
DKS	Dick's Sporting Goods, Inc.	51,400	$10,175,658
MSI	Motorola Solutions, Inc.	26,521	$10,166,029
LHX	L3harris Technologies, Inc. /De/	34,000	$9,981,380
SWK	Stanley Black & Decker, Inc.	133,400	$9,908,952
LH	Labcorp Holdings Inc.	37,579	$9,427,819
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,057 tracked positions · $20,594,263,883 total · filing declares 2,005 positions · $22,124,811,471 · as of Mar 31, 2026

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

Showing 1–50 of 1,057 positions by value · page 1 of 22

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	Reduced	1,253,558	-216,400	$466,010,186	−29.5%	2.26%
MU	Micron Technology Inc PUT CALL + SHARES Technology	Reduced	1,375,511	-629,370	$464,702,636	−18.8%	2.26%
AAPL	Apple Inc. PUT CALL + SHARES Technology	Reduced	1,805,976	-910,649	$458,338,649	−37.9%	2.23%
MSFT	Microsoft Corp PUT CALL + SHARES Technology	Added	1,046,155	+591,155	$387,255,196	+76.0%	1.88%
TSM	Taiwan Semiconductor Manufacturing Co Ltd PUT CALL + SHARES Technology	Reduced	969,252	-703,826	$327,558,713	−35.6%	1.59%
CVX	Chevron Corp PUT CALL + SHARES Energy	Added	1,467,823	+319,626	$303,692,578	+73.5%	1.47%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	Added	1,299,677	+511,381	$270,683,728	+48.8%	1.31%
LLY	ELI LILLY & Co PUT CALL + SHARES Healthcare	Added	270,058	+53,158	$248,391,246	+6.6%	1.21%
PLTR	Palantir Technologies Inc. PUT CALL + SHARES Technology	Reduced	1,397,598	-788,602	$204,440,635	−47.4%	0.99%
C	Citigroup Inc PUT CALL + SHARES Financial Services	Reduced	1,743,038	-443,378	$197,677,939	−22.5%	0.96%
BRK-B	Berkshire Hathaway Inc PUT CALL + SHARES Financial Services	Reduced	386,020	-380,243	$184,980,784	−52.0%	0.90%
GE	General Electric Co PUT CALL + SHARES Industrials	Reduced	640,345	-124,692	$181,710,700	−22.9%	0.88%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	Added	314,714	+17,185	$180,057,320	−8.3%	0.87%
AMD	Advanced Micro Devices Inc PUT CALL + SHARES Technology	Reduced	767,483	-599,614	$156,129,066	−46.7%	0.76%
LRCX	Lam Research Corp PUT CALL + SHARES Technology	Reduced	724,342	-622,396	$154,762,911	−32.9%	0.75%
XOM	ExxonMobil Holdings Corp PUT CALL + SHARES Energy	Reduced	903,735	-40,351	$153,327,680	+35.0%	0.74%
NOW	ServiceNow, Inc. PUT CALL + SHARES Technology	Added	1,385,051	+260,937	$144,807,082	−15.9%	0.70%
SNDK	Sandisk Corp PUT CALL + SHARES Technology	Added	220,937	+154,871	$140,370,113	+795.1%	0.68%
ASML	Asml Holding NV PUT CALL + SHARES Technology	Added	104,089	+18,798	$137,483,873	+50.7%	0.67%
CAT	Caterpillar Inc PUT CALL + SHARES Industrials	Reduced	188,148	-66,457	$133,295,332	−8.6%	0.65%
JPM	Jpmorgan Chase & Co PUT CALL + SHARES Financial Services	Reduced	451,120	-573,578	$132,701,459	−59.8%	0.64%
ADBE	Adobe Inc. PUT CALL + SHARES Technology	Reduced	545,468	-29,174	$132,592,361	−34.1%	0.64%
MO	Altria Group, Inc. PUT CALL + SHARES Consumer Defensive	Reduced	1,999,655	-740,943	$131,957,233	−16.5%	0.64%
INTC	Intel Corp PUT CALL + SHARES Technology	Reduced	2,882,112	-1,664,101	$127,187,602	−24.2%	0.62%
BE	Bloom Energy Corp PUT CALL + SHARES Industrials	Added	906,536	+109,977	$122,826,562	+77.5%	0.60%
HOOD	Robinhood Markets, Inc. PUT CALL + SHARES Financial Services	Reduced	1,725,975	-257,145	$119,610,067	−46.7%	0.58%
UBER	Uber Technologies, Inc PUT CALL + SHARES Technology	Added	1,659,987	+468,487	$119,402,864	+22.6%	0.58%
GEV	GE Vernova Inc. PUT CALL + SHARES Industrials	Reduced	132,234	-158,984	$115,427,058	−39.4%	0.56%
NVDA	Nvidia Corp PUT CALL Technology	Reduced	655,900	-2,190,629	$114,388,960	−78.5%	0.56%
MRVL	Marvell Technology, Inc. PUT CALL + SHARES Technology	Added	1,144,499	+249,812	$113,362,625	+49.1%	0.55%
GS	Goldman Sachs Group Inc PUT CALL + SHARES Financial Services	Reduced	133,255	-147,136	$112,732,397	−54.3%	0.55%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	26,486	+4,691	$111,514,535	−4.5%	0.54%
NEM	NEWMONT Corp /DE/ PUT CALL + SHARES Basic Materials	Reduced	1,025,783	-666,761	$111,041,009	−34.3%	0.54%
RTX	RTX Corp PUT CALL + SHARES Industrials	Reduced	575,079	-499,257	$110,932,739	−43.7%	0.54%
BSX	Boston Scientific Corp PUT CALL + SHARES Healthcare	Added	1,742,947	+13,899	$109,369,924	−33.7%	0.53%
ISRG	Intuitive Surgical Inc PUT CALL + SHARES Healthcare	Added	232,796	+34,445	$107,316,628	−4.5%	0.52%
COST	Costco Wholesale Corp /New PUT CALL + SHARES Consumer Defensive	Reduced	104,470	-137,806	$104,097,042	−50.2%	0.51%
GOOGL	Alphabet Inc. PUT CALL + SHARES Communication Services	Reduced	353,938	-497,762	$101,778,411	−61.8%	0.49%
AMAT	Applied Materials Inc /De PUT CALL + SHARES Technology	Reduced	289,603	-83,197	$98,983,409	+3.3%	0.48%
CRM	Salesforce, Inc. PUT CALL + SHARES Technology	Reduced	516,241	-102,511	$96,366,707	−41.2%	0.47%
AVGO	Broadcom Inc. PUT CALL Technology	Reduced	307,500	-365,100	$95,174,325	−59.1%	0.46%
TMUS	T-Mobile US, Inc. PUT CALL + SHARES Communication Services	Reduced	448,537	-176,757	$94,206,226	−25.8%	0.46%
UNH	Unitedhealth Group Inc PUT CALL Healthcare	Reduced	342,000	-389,500	$92,541,780	−61.7%	0.45%
ORCL	Oracle Corp PUT CALL Technology	Reduced	619,100	-85,600	$91,075,801	−33.7%	0.44%
MCD	Mcdonalds Corp PUT CALL + SHARES Consumer Cyclical	Reduced	289,190	-165,406	$89,877,360	−35.3%	0.44%
NFLX	Netflix Inc PUT CALL Communication Services	Reduced	930,200	-1,383,140	$89,438,730	−58.8%	0.43%
WDC	Western Digital Corp PUT CALL + SHARES Technology	Reduced	329,863	-483,734	$89,224,642	−36.3%	0.43%
AIG	American International Group, Inc. PUT CALL + SHARES Financial Services	Added	1,168,036	+558,145	$87,894,709	+68.5%	0.43%
DVN	Devon Energy Corp/De PUT + SHARES Energy	Reduced	1,737,248	-362,248	$87,418,319	+13.7%	0.42%
SPOT	Spotify Technology S.A. PUT CALL + SHARES Communication Services	Reduced	179,502	-71,548	$87,042,314	−40.3%	0.42%

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.