FLOW TRADERS U.S. LLC
Long book
$3.16B
Q1 2026
Positions
985
Top-10 weight
33%
concentration
Last quarter
+11.6%
SPY +14.8%
Turnover
67%
of book per quarter
Strategy in plain words
auto-generated from filingsFLOW TRADERS U.S. LLC is a market maker — positions are inventory, not bets, running a $3.16B US long book across 985 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: STATE STREET SPDR EURO STOXX, VANGUARD FTSE EUROPE ETF, STE STR SPDR PT DW EU ETF, VANGUARD FTSE PACIFIC ETF, ISHARES CORE MSCI EUROPE ETF.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+6.0%
Q3 2024
-1.4%
Q4 2024
+2.5%
Q1 2025
+10.1%
Q2 2025
+7.9%
Q3 2025
+2.7%
Q4 2025
+0.6%
Q1 2026
+11.6%
Sector allocation
Technology 42%
Financials 28%
Industrials 14%
Communications 4%
Materials 3%
Consumer staples 2%
Healthcare 2%
Consumer discretionary 1%
Long book by quarter
What does FLOW TRADERS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 53 | $38.1M | 1.2% | -47.5% |
| MU MICRON TECHNOLOGY INC | Technology | 54.7K | $18.5M | 0.6% | +1177.8% |
| MSFT MICROSOFT CORP | Technology | 30.9K | $11.4M | 0.4% | New |
| NVDA NVIDIA CORP | Technology | 61.2K | $10.7M | 0.3% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 6.0K | $7.9M | 0.2% | +1.4% |
| AAPL APPLE INC | Technology | 24.8K | $6.3M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 985 | $3.16B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 889 | $3.05B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 923 | $2.47B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 915 | $2.71B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 903 | $2.37B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 1001 | $2.51B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 895 | $1.97B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 890 | $2.03B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 813 | $1.87B | $K fixed canonical | SEC ↗ |