CAPITAL FUND MANAGEMENT S.A.

CIK

1323645

Location

PARIS, I0

Portfolio Value

Large $20,435,309,586

Diversification

Diversified

Filing Date

Global Rank

#269 / 8,607 ▼ 73 · as of Mar 2026

Top Industry

Semiconductors 8.7%

3Y Alpha vs SPY

-0.4%

Period ended 3 months ago

Filed May 14, 2026 · 57d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+72.3%

SPY

+75.5%

Annualised alpha

-0.7%

Max drawdown

−21.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

2.3%

+0.0 pts

Top 5

10.3%

+0.5 pts

Top 10

16.3%

+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	30.9%	$6,323,449,768	217
Financial Services	11.3%	$2,313,710,495	138
Industrials	10.6%	$2,156,900,872	142
Consumer Cyclical	10.2%	$2,086,478,346	131
Healthcare	9.9%	$2,023,047,047	124
Energy	6.3%	$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	5.0%	$1,021,428,237	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
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
WST	West Pharmaceutical Services Inc	32,249	$8,082,889
SCCO	Southern Copper Corp/	47,100	$8,023,786
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
PLNT	Planet Fitness, Inc.	58,483	$4,349,965
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 positions · $20,435,309,586 total · 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. Consumer Cyclical	Reduced	1,253,558	-216,400	$466,010,186	−29.5%	2.28%
MU	Micron Technology Inc Technology	Reduced	1,375,511	-629,370	$464,702,636	−18.8%	2.27%
AAPL	Apple Inc. Technology	Reduced	1,805,976	-910,649	$458,338,649	−37.9%	2.24%
MSFT	Microsoft Corp Technology	Added	1,046,155	+591,155	$387,255,196	+76.0%	1.90%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	969,252	-703,826	$327,558,713	−35.6%	1.60%
CVX	Chevron Corp Energy	Added	1,467,823	+319,626	$303,692,578	+73.5%	1.49%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,299,677	+511,381	$270,683,728	+48.8%	1.32%
LLY	ELI LILLY & Co Healthcare	Added	270,058	+53,158	$248,391,246	+6.6%	1.22%
PLTR	Palantir Technologies Inc. Technology	Reduced	1,397,598	-788,602	$204,440,635	−47.4%	1.00%
C	Citigroup Inc Financial Services	Reduced	1,743,038	-443,378	$197,677,939	−22.5%	0.97%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	386,020	-380,243	$184,980,784	−52.0%	0.91%
GE	General Electric Co Industrials	Reduced	640,345	-124,692	$181,710,700	−22.9%	0.89%
META	Meta Platforms, Inc. Communication Services	Added	314,714	+17,185	$180,057,320	−8.3%	0.88%
AMD	Advanced Micro Devices Inc Technology	Reduced	767,483	-599,614	$156,129,066	−46.7%	0.76%
LRCX	Lam Research Corp Technology	Reduced	724,342	-622,396	$154,762,911	−32.9%	0.76%
XOM	ExxonMobil Holdings Corp Energy	Reduced	903,735	-40,351	$153,327,680	+35.0%	0.75%
NOW	ServiceNow, Inc. Technology	Added	1,385,051	+260,937	$144,807,082	−15.9%	0.71%
SNDK	Sandisk Corp Technology	Added	220,937	+154,871	$140,370,113	+795.1%	0.69%
ASML	Asml Holding NV Technology	Added	104,089	+18,798	$137,483,873	+50.7%	0.67%
CAT	Caterpillar Inc Industrials	Reduced	188,148	-66,457	$133,295,332	−8.6%	0.65%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	451,120	-573,578	$132,701,459	−59.8%	0.65%
ADBE	Adobe Inc. Technology	Reduced	545,468	-29,174	$132,592,361	−34.1%	0.65%
MO	Altria Group, Inc. Consumer Defensive	Reduced	1,999,655	-740,943	$131,957,233	−16.5%	0.65%
INTC	Intel Corp Technology	Reduced	2,882,112	-1,664,101	$127,187,602	−24.2%	0.62%
BE	Bloom Energy Corp Industrials	Added	906,536	+109,977	$122,826,562	+77.5%	0.60%
HOOD	Robinhood Markets, Inc. Financial Services	Reduced	1,725,975	-257,145	$119,610,067	−46.7%	0.59%
UBER	Uber Technologies, Inc Technology	Added	1,659,987	+468,487	$119,402,864	+22.6%	0.58%
GEV	GE Vernova Inc. Industrials	Reduced	132,234	-158,984	$115,427,058	−39.4%	0.56%
NVDA	Nvidia Corp Technology	Reduced	655,900	-2,190,629	$114,388,960	−78.5%	0.56%
MRVL	Marvell Technology, Inc. Technology	Added	1,144,499	+249,812	$113,362,625	+49.1%	0.55%
GS	Goldman Sachs Group Inc Financial Services	Reduced	133,255	-147,136	$112,732,397	−54.3%	0.55%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	1,025,783	-666,761	$111,041,009	−34.3%	0.54%
RTX	RTX Corp Industrials	Reduced	575,079	-499,257	$110,932,739	−43.7%	0.54%
BSX	Boston Scientific Corp Healthcare	Added	1,742,947	+13,899	$109,369,924	−33.7%	0.54%
ISRG	Intuitive Surgical Inc Healthcare	Added	232,796	+34,445	$107,316,628	−4.5%	0.53%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	104,470	-137,806	$104,097,042	−50.2%	0.51%
GOOGL	Alphabet Inc. Communication Services	Reduced	353,938	-497,762	$101,778,411	−61.8%	0.50%
AMAT	Applied Materials Inc /De Technology	Reduced	289,603	-83,197	$98,983,409	+3.3%	0.48%
CRM	Salesforce, Inc. Technology	Reduced	516,241	-102,511	$96,366,707	−41.2%	0.47%
AVGO	Broadcom Inc. Technology	Reduced	307,500	-365,100	$95,174,325	−59.1%	0.47%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	448,537	-176,757	$94,206,226	−25.8%	0.46%
UNH	Unitedhealth Group Inc Healthcare	Reduced	342,000	-389,500	$92,541,780	−61.7%	0.45%
ORCL	Oracle Corp Technology	Reduced	619,100	-85,600	$91,075,801	−33.7%	0.45%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	289,190	-165,406	$89,877,360	−35.3%	0.44%
NFLX	Netflix Inc Communication Services	Reduced	930,200	-1,383,140	$89,438,730	−58.8%	0.44%
WDC	Western Digital Corp Technology	Reduced	329,863	-483,734	$89,224,642	−36.3%	0.44%
AIG	American International Group, Inc. Financial Services	Added	1,168,036	+558,145	$87,894,709	+68.5%	0.43%
DVN	Devon Energy Corp/De Energy	Reduced	1,737,248	-362,248	$87,418,319	+13.7%	0.43%
SPOT	Spotify Technology S.A. Communication Services	Reduced	179,502	-71,548	$87,042,314	−40.3%	0.43%
SPY	Spdr S&P 500 ETF Trust	Reduced	132,700	-971,700	$86,300,118	−88.5%	0.42%