CAPITAL FUND MANAGEMENT S.A.
Long book
$11.17B
Q1 2026
Positions
833
Top-10 weight
17%
concentration
Last quarter
+17.0%
SPY +14.8%
Turnover
44%
of book per quarter
Strategy in plain words
auto-generated from filingsCAPITAL FUND MANAGEMENT S.A. is an institutional manager, running a $11.17B US long book across 833 positions.
The portfolio is broadly diversified across 833 positions (top 10 only 17%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE INC, MICROSOFT CORP, TESLA INC, CHEVRON CORP, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.3%
Q2 2024
+5.0%
Q3 2024
+4.3%
Q4 2024
-3.2%
Q1 2025
+11.6%
Q2 2025
+9.3%
Q3 2025
+2.3%
Q4 2025
-2.2%
Q1 2026
+17.0%
Sector allocation
Technology 25%
Industrials 18%
Financials 13%
Healthcare 10%
Consumer discretionary 6%
Energy 6%
Materials 6%
Services media 4%
Long book by quarter
What does CAPITAL FUND own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 1.1M | $279.2M | 2.5% | +29.3% |
| MSFT MICROSOFT CORP | Technology | 685.7K | $253.8M | 2.3% | New |
| TSLA TESLA INC | Industrials | 663.4K | $246.6M | 2.2% | +22.6% |
| CVX CHEVRON CORP | Energy | 1.1M | $219.9M | 2.0% | +28.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 872.7K | $181.8M | 1.6% | +102.1% |
| LLY ELI LILLY & CO | Healthcare | 189.6K | $174.3M | 1.6% | New |
| MU MICRON TECHNOLOGY INC | Technology | 419.4K | $141.7M | 1.3% | +39.4% |
| GE GENERAL ELECTRIC | Industrials | 486.6K | $138.1M | 1.2% | +20.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 266.5K | $127.7M | 1.1% | +63.4% |
| C CITIGROUP INC | Financials | 1.1M | $126.2M | 1.1% | +93.4% |
| SNDK SANDISK CORP | Technology | 191.0K | $121.4M | 1.1% | New |
| BKNG BOOKING HOLDINGS INC | Industrials | 26.5K | $111.5M | 1.0% | +21.5% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 1.7M | $104.5M | 0.9% | +44.6% |
| MO ALTRIA GROUP INC | Consumer staples | 1.5M | $99.7M | 0.9% | -11.5% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 654.5K | $95.7M | 0.9% | New |
| LRCX LAM RESEARCH CORP | Industrials | 413.3K | $88.3M | 0.8% | +25.8% |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 1.1M | $85.3M | 0.8% | +98.9% |
| RTX RTX CORP | Industrials | 434.4K | $83.8M | 0.8% | -9.2% |
| DVN DEVON ENERGY CORP | Energy | 1.7M | $83.7M | 0.7% | +57.2% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 62.7K | $82.8M | 0.7% | +129.7% |
| ADBE ADOBE INC | Technology | 338.4K | $82.3M | 0.7% | +108.6% |
| NEM NEWMONT CORP | Materials | 740.7K | $80.2M | 0.7% | +664.0% |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 1.2M | $80.1M | 0.7% | +442.8% |
| ABNB AIRBNB INC-CLASS A | Services media | 557.6K | $70.4M | 0.6% | -17.5% |
| GEV GE VERNOVA INC | Industrials | 80.1K | $69.9M | 0.6% | -47.2% |
| ALB ALBEMARLE CORP | Materials | 372.3K | $66.8M | 0.6% | -15.4% |
| BE BLOOM ENERGY CORP- A | Industrials | 490.4K | $66.4M | 0.6% | +524.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 212.6K | $66.1M | 0.6% | +21.3% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 143.2K | $66.0M | 0.6% | +95.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 916.0K | $65.9M | 0.6% | New |
| MRVL MARVELL TECHNOLOGY INC | Technology | 658.4K | $65.2M | 0.6% | +785.1% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 294.0K | $61.5M | 0.6% | +150.6% |
| TMUS T-MOBILE US INC | Communications | 286.9K | $60.3M | 0.5% | +210.6% |
| JPM JPMORGAN CHASE & CO | Financials | 198.9K | $58.5M | 0.5% | -27.7% |
| SO SOUTHERN CO/THE | Utilities | 597.7K | $57.7M | 0.5% | +81.4% |
| XOM EXXON MOBIL CORP | Energy | 338.4K | $57.4M | 0.5% | -19.6% |
| CAT CATERPILLAR INC | Industrials | 80.4K | $57.0M | 0.5% | +43.1% |
| MMM 3M CO | Healthcare | 390.2K | $56.7M | 0.5% | +64.3% |
| AMD ADVANCED MICRO DEVICES | Technology | 278.0K | $56.6M | 0.5% | -42.1% |
| MRSH MARSH & MCLENNAN COS | Financials | 323.0K | $56.0M | 0.5% | +144.9% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 122.9K | $54.9M | 0.5% | New |
| AEM AGNICO EAGLE MINES LTD | Materials | 265.9K | $54.0M | 0.5% | -8.7% |
| KO COCA-COLA CO/THE | Consumer staples | 705.9K | $53.7M | 0.5% | New |
| MCK MCKESSON CORP | Consumer discretionary | 60.8K | $52.6M | 0.5% | New |
| SYK STRYKER CORP | Healthcare | 159.4K | $52.4M | 0.5% | +33.3% |
| META META PLATFORMS INC-CLASS A | Technology | 89.0K | $50.9M | 0.5% | +13.4% |
| HWM HOWMET AEROSPACE INC | Industrials | 219.9K | $50.7M | 0.5% | +82.5% |
| HUM HUMANA INC | Financials | 291.3K | $50.5M | 0.5% | +127.6% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 383.4K | $50.3M | 0.4% | +16.8% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 213.7K | $48.3M | 0.4% | -51.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 2005 | $22.12B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 2325 | $35.99B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 2407 | $38.16B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 2312 | $36.30B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 1937 | $34.66B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1995 | $39.20B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 1937 | $36.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1841 | $34.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 1942 | $34.6M | canonical | SEC ↗ |
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