CAXTON ASSOCIATES LLP
Long book
$4.31B
Q1 2026
Positions
752
Top-10 weight
57%
concentration
Last quarter
+16.8%
SPY +14.8%
Turnover
55%
of book per quarter
Strategy in plain words
auto-generated from filingsCAXTON ASSOCIATES LLP is a diversified fundamental manager, running a $4.31B US long book across 752 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: MICROSOFT CORP, WARNER BROS DISCOVERY INC, NVIDIA CORP, ADVANCED MICRO DEVICES, AMAZON.COM INC.
Over the last 5 quarters its long book ran on average 3.6pp per quarter ahead of the S&P 500, beating the index in 4 of 5 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 2025
+13.4%
Q2 2025
+20.3%
Q3 2025
+1.8%
Q4 2025
-2.1%
Q1 2026
+16.8%
Sector allocation
Technology 44%
Communications 12%
Industrials 12%
Consumer discretionary 7%
Other 5%
Financials 5%
Materials 4%
Healthcare 3%
Long book by quarter
What does CAXTON ASSOCIATES own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 1.3M | $479.2M | 11.1% | +597.1% |
| WBD WARNER BROS DISCOVERY INC | Communications | 16.4M | $450.1M | 10.4% | +2529.6% |
| NVDA NVIDIA CORP | Technology | 2.6M | $448.8M | 10.4% | +200.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 1.2M | $253.0M | 5.9% | -43.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 971.2K | $202.3M | 4.7% | -4.5% |
| META META PLATFORMS INC-CLASS A | Technology | 352.0K | $201.4M | 4.7% | +2658.6% |
| AAPL APPLE INC | Technology | 517.6K | $131.4M | 3.0% | +123.0% |
| BA BOEING CO/THE | Industrials | 611.5K | $121.7M | 2.8% | +5392.2% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 338.1K | $97.0M | 2.3% | +328.0% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 1.6M | $81.0M | 1.9% | -44.6% |
| EA ELECTRONIC ARTS INC | Technology | 322.3K | $65.7M | 1.5% | +1301.5% |
| PEN PENUMBRA INC | Healthcare | 184.7K | $60.6M | 1.4% | New |
| KVUE KENVUE INC | Other | 3.3M | $57.6M | 1.3% | New |
| RTX RTX CORP | Industrials | 270.7K | $52.2M | 1.2% | New |
| WBS WEBSTER FINANCIAL CORP | Financials | 680.7K | $47.3M | 1.1% | New |
| UEC URANIUM ENERGY CORP | Materials | 3.4M | $45.6M | 1.1% | -61.9% |
| NWE NORTHWESTERN ENERGY GROUP IN | Utilities | 657.3K | $43.3M | 1.0% | New |
| TXNM TXNM ENERGY INC | Utilities | 695.6K | $40.7M | 0.9% | New |
| GTLS CHART INDUSTRIES INC | Industrials | 194.1K | $40.1M | 0.9% | +723.7% |
| HO1 HOLOGIC INC | — | 515.6K | $39.0M | 0.9% | New |
| CTRA COTERRA ENERGY INC | — | 1.0M | $36.1M | 0.8% | New |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 981.5K | $31.4M | 0.7% | +97.0% |
| CCJ CAMECO CORP | Materials | 262.5K | $28.5M | 0.7% | -50.0% |
| LBRDK LIBERTY BROADBAND-C | Communications | 447.2K | $22.5M | 0.5% | -1.2% |
| ADBE ADOBE INC | Technology | 89.9K | $21.8M | 0.5% | -0.7% |
| CME CME GROUP INC | Financials | 60.0K | $17.7M | 0.4% | Held |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 36.0K | $16.1M | 0.4% | New |
| UNF UNIFIRST CORP/MA | Services media | 60.3K | $15.2M | 0.4% | New |
| QRVO QORVO INC | Technology | 177.5K | $13.7M | 0.3% | +2359.8% |
| AES AES CORP | Utilities | 724.5K | $10.2M | 0.2% | +4476.5% |
| INTU INTUIT INC | Technology | 21.8K | $9.4M | 0.2% | New |
| PARR PAR PACIFIC HOLDINGS INC | Energy | 143.1K | $9.0M | 0.2% | -13.6% |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 575.9K | $8.9M | 0.2% | New |
| CPRT COPART INC | Consumer discretionary | 258.9K | $8.6M | 0.2% | +149.2% |
| MASI* MASIMO CORP | — | 45.9K | $8.2M | 0.2% | New |
| GM GENERAL MOTORS CO | Industrials | 105.9K | $7.9M | 0.2% | -12.2% |
| ACM AECOM | Services media | 79.2K | $6.7M | 0.2% | +1377.9% |
| FOXA FOX CORP - CLASS A | Communications | 111.9K | $6.5M | 0.2% | New |
| SM SM ENERGY CO | Energy | 208.7K | $6.5M | 0.2% | +8.6% |
| AHQ AMERICAN WOODMARK CORP | — | 161.2K | $6.4M | 0.1% | New |
| VTRS VIATRIS INC | Healthcare | 469.2K | $6.3M | 0.1% | -9.9% |
| GEV GE VERNOVA INC | Industrials | 7.1K | $6.2M | 0.1% | +110.2% |
| JXN JACKSON FINANCIAL INC-A | Financials | 57.7K | $6.1M | 0.1% | -4.3% |
| NATL NCR ATLEOS CORP | Technology | 138.3K | $6.0M | 0.1% | New |
| CNX CNX RESOURCES CORP | Energy | 155.8K | $6.0M | 0.1% | +99.1% |
| AVGO BROADCOM INC | Technology | 18.8K | $5.8M | 0.1% | -96.2% |
| ZTS ZOETIS INC | Healthcare | 48.9K | $5.8M | 0.1% | +183.4% |
| SEM SELECT MEDICAL HOLDINGS CORP | Healthcare | 349.6K | $5.7M | 0.1% | +1868.6% |
| SLAB SILICON LABORATORIES INC | Technology | 27.3K | $5.7M | 0.1% | +469.2% |
| DAN DANA INC | Industrials | 163.9K | $5.5M | 0.1% | +124.5% |
13F filing history
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