Capital Fund Management S.A. 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Capital Fund Management S.A. disclosed 834 US equity positions worth $10.6bn in its Q4 2025 13F filing. The largest position was NVDA at 2.6% of the reported book, followed by TSLA and AAPL. Against the Q3 2025 filing, it opened 5 new positions, added to 29 and reduced 16 among the top 50 holdings.
What did Capital Fund Management S.A. own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION COM | Technology | 2.6% | $270.7m | 1,451,529 | -9% | reduced |
| 2 | TSLA TESLA INC COM | Consumer Cyclical | 2.3% | $243.3m | 541,058 | -15% | reduced |
| 3 | AAPL APPLE INC COM | Technology | 2.2% | $231.3m | 850,925 | -25% | reduced |
| 4 | TSM TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS | Technology | 2.0% | $214.7m | 706,378 | 347% | added |
| 5 | CVX CHEVRON CORP NEW COM | Energy | 1.2% | $126.4m | 829,197 | -14% | reduced |
| 6 | GE GE AEROSPACE COM NEW | Industrials | 1.2% | $124.6m | 404,637 | 1% | added |
| 7 | BKNG BOOKING HOLDINGS INC COM | Consumer Cyclical | 1.1% | $116.7m | 21,795 | – | new |
| 8 | BSX BOSTON SCIENTIFIC CORP COM | Healthcare | 1.0% | $109.8m | 1,152,048 | 114% | added |
| 9 | PM PHILIP MORRIS INTL INC COM | Consumer Defensive | 1.0% | $104.2m | 649,846 | 118% | added |
| 10 | BAC BANK AMERICA CORP COM | Financial Services | 1.0% | $103.8m | 1,887,992 | 935% | added |
| 11 | AMD ADVANCED MICRO DEVICES INC COM | Technology | 1.0% | $102.9m | 480,397 | 493% | added |
| 12 | AMZN AMAZON COM INC COM | Consumer Cyclical | 0.9% | $99.7m | 431,796 | -4% | reduced |
| 13 | GEV GE VERNOVA INC COM | Industrials | 0.9% | $99.2m | 151,843 | 218% | added |
| 14 | MO ALTRIA GROUP INC COM | Consumer Defensive | 0.9% | $98.4m | 1,706,598 | 2% | added |
| 15 | ABNB AIRBNB INC COM CL A | Consumer Cyclical | 0.9% | $91.7m | 675,585 | 12% | added |
| 16 | JPM JPMORGAN CHASE & CO. COM | Financial Services | 0.8% | $88.7m | 275,198 | -29% | reduced |
| 17 | RTX RTX CORPORATION COM | Industrials | 0.8% | $87.8m | 478,636 | 310% | added |
| 18 | MU MICRON TECHNOLOGY INC COM | Technology | 0.8% | $85.8m | 300,781 | -47% | reduced |
| 19 | HONGBP HONEYWELL INTL INC COM | 0.8% | $85.5m | 438,151 | 106% | added | |
| 20 | NFLX NETFLIX INC COM | Communication Services | 0.8% | $85.0m | 906,340 | 828% | added |
| 21 | BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW | 0.8% | $82.0m | 163,063 | -6% | reduced | |
| 22 | XLV SELECT SECTOR SPDR TR STATE STREET HEA | 0.8% | $80.6m | 520,868 | 280% | added | |
| 23 | NOW SERVICENOW INC COM | Technology | 0.8% | $80.1m | 523,014 | – | new |
| 24 | SE SEA LTD SPONSORD ADS | Consumer Cyclical | 0.7% | $76.9m | 602,896 | 77% | added |
| 25 | CRM SALESFORCE INC COM | Technology | 0.7% | $70.9m | 267,452 | 43% | added |
| 26 | C CITIGROUP INC COM NEW | Financial Services | 0.6% | $67.2m | 575,516 | -26% | reduced |
| 27 | MELI MERCADOLIBRE INC COM | Consumer Cyclical | 0.6% | $64.3m | 31,931 | 117% | added |
| 28 | BX BLACKSTONE INC COM | Financial Services | 0.6% | $63.5m | 411,941 | 169% | added |
| 29 | ALB ALBEMARLE CORP COM | Basic Materials | 0.6% | $62.3m | 440,151 | 29% | added |
| 30 | DE DEERE & CO COM | Industrials | 0.6% | $61.5m | 132,014 | 153% | added |
| 31 | ZTS ZOETIS INC CL A | Healthcare | 0.6% | $60.6m | 481,833 | 5% | added |
| 32 | SPY SPDR S&P 500 ETF TR TR UNIT | 0.6% | $59.0m | 86,500 | – | new | |
| 33 | BMY BRISTOL-MYERS SQUIBB CO COM | Healthcare | 0.6% | $58.3m | 1,081,266 | -2% | reduced |
| 34 | SPOT SPOTIFY TECHNOLOGY S A SHS | Communication Services | 0.5% | $57.4m | 98,850 | 83% | added |
| 35 | ADBE ADOBE INC COM | Technology | 0.5% | $56.8m | 162,242 | -44% | reduced |
| 36 | LRCX LAM RESEARCH CORP COM NEW | Technology | 0.5% | $56.3m | 328,638 | -31% | reduced |
| 37 | SCHW SCHWAB CHARLES CORP COM | Financial Services | 0.5% | $54.5m | 545,303 | -31% | reduced |
| 38 | MCD MCDONALDS CORP COM | Consumer Cyclical | 0.5% | $53.6m | 175,296 | -46% | reduced |
| 39 | META META PLATFORMS INC CL A | Communication Services | 0.5% | $51.8m | 78,529 | – | new |
| 40 | EXMOC EXXON MOBIL CORP COM | 0.5% | $50.6m | 420,686 | -48% | reduced | |
| 41 | ARM ARM HOLDINGS PLC SPONSORED ADS | Technology | 0.5% | $49.7m | 454,683 | 1028% | added |
| 42 | AEM AGNICO EAGLE MINES LTD COM | Basic Materials | 0.5% | $49.4m | 291,105 | 37% | added |
| 43 | AIG AMERICAN INTL GROUP INC COM NEW | Financial Services | 0.5% | $48.7m | 569,791 | -20% | reduced |
| 44 | GDDY GODADDY INC CL A | Technology | 0.5% | $48.0m | 386,937 | 4% | added |
| 45 | BTI BRITISH AMERN TOB PLC SPONSORED ADR | Consumer Defensive | 0.4% | $47.5m | 839,427 | 35% | added |
| 46 | FISV FISERV INC COM | 0.4% | $46.7m | 695,098 | 77% | added | |
| 47 | FXI ISHARES TR CHINA LG-CAP ETF | 0.4% | $45.9m | 1,198,231 | – | new | |
| 48 | CTAS CINTAS CORP COM | Industrials | 0.4% | $44.7m | 237,811 | 243% | added |
| 49 | TEAM ATLASSIAN CORPORATION CL A | Technology | 0.4% | $44.4m | 274,141 | 113% | added |
| 50 | WFC WELLS FARGO CO NEW COM | Financial Services | 0.4% | $44.4m | 476,651 | 45% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.