GROUP ONE TRADING LLC

Market maker Mechanical CIK 932540
League rank
#12
in Market maker · #1594 overall
Long book
$3.03B
Q1 2026
Positions
2167
Top-10 weight
15%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
49%
of book per quarter

Strategy in plain words

auto-generated from filings

GROUP ONE TRADING LLC is a market maker — positions are inventory, not bets, running a $3.03B US long book across 2167 positions.

The portfolio is broadly diversified across 2167 positions (top 10 only 15%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GLOBAL X URANIUM ETF, AMPLIFY JUNIOR SILVER MINERS, MICRON TECHNOLOGY INC, TAIWAN SEMICONDUCTOR-SP ADR, FIRST MAJESTIC SILVER CORP.

Over the last 9 quarters its long book ran on average 1.9pp per quarter ahead of the S&P 500, beating the index in 5 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
+2.7%
Q2 2024
+2.4%
Q3 2024
+5.9%
Q4 2024
-10.4%
Q1 2025
+21.6%
Q2 2025
+23.0%
Q3 2025
-1.0%
Q4 2025
-1.2%
Q1 2026
+15.0%

Sector allocation

Technology
19%
Financials
18%
Industrials
11%
Materials
11%
Healthcare
8%
Other
8%
Services media
7%
Consumer discretionary
6%

Long book by quarter

$2.81B
Q1 2024
$3.17B
Q2 2024
$2.53B
Q3 2024
$2.94B
Q4 2024
$2.40B
Q1 2025
$3.05B
Q2 2025
$3.34B
Q3 2025
$3.38B
Q4 2025
$3.03B
Q1 2026

What does GROUP ONE own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MU MICRON TECHNOLOGY INCTechnology155.7K$52.6M1.7%+154.9%
AG FIRST MAJESTIC SILVER CORPMaterials1.9M$41.6M1.4%+33.2%
MAR MARRIOTT INTERNATIONAL -CL AServices media105.9K$34.6M1.1%+7.5%
KKR KKR & CO INCFinancials334.9K$31.0M1.0%+5980.1%
CYTK CYTOKINETICS INCHealthcare364.0K$24.0M0.8%-10.6%
CDE COEUR MINING INCMaterials1.2M$22.9M0.8%+119.5%
INTC INTEL CORPTechnology469.5K$20.7M0.7%+34.5%
VST VISTRA CORPUtilities133.9K$20.1M0.7%+2818.8%
SOFI SOFI TECHNOLOGIES INCFinancials1.3M$20.0M0.7%+8.9%
IREN IREN LTDFinancials564.0K$19.3M0.6%-52.3%
LITE LUMENTUM HOLDINGS INCTechnology27.5K$19.3M0.6%+34.0%
DOW DOW INCMaterials463.2K$19.3M0.6%+94.1%
CNC CENTENE CORPFinancials583.7K$19.1M0.6%+70.6%
FLG FLAGSTAR BANK NAFinancials1.4M$18.3M0.6%+39.9%
ET ENERGY TRANSFER LPUtilities949.0K$18.3M0.6%-30.5%
COHR COHERENT CORPOther75.7K$18.0M0.6%+34.1%
BX BLACKSTONE INCFinancials155.1K$17.8M0.6%New
DAL DELTA AIR LINES INCIndustrials267.7K$17.8M0.6%-20.2%
SGHC SUPER GROUP SGHC LTDServices media1.6M$17.5M0.6%+0.8%
VFC VF CORPOther1.0M$17.3M0.6%+257.7%
CCJ CAMECO CORPMaterials156.6K$17.0M0.6%+56.7%
PFE PFIZER INCHealthcare592.2K$16.6M0.5%+271.5%
NN NEXTNAV INCTechnology1.0M$16.5M0.5%-51.8%
PAAS PAN AMERICAN SILVER CORPMaterials299.8K$16.4M0.5%-33.3%
SLB SLB LTDEnergy311.0K$16.0M0.5%-13.5%
GS GOLDMAN SACHS GROUP INCFinancials18.1K$15.3M0.5%New
EOSE EOS ENERGY ENTERPRISES INCTechnology3.0M$14.9M0.5%+139.3%
RKT ROCKET COS INC-CLASS AFinancials1.0M$14.6M0.5%+52.2%
OSCR OSCAR HEALTH INC - CLASS AFinancials1.3M$14.4M0.5%+86.7%
QCOM QUALCOMM INCTechnology108.9K$14.0M0.5%+882.6%
NEE NEXTERA ENERGY INCUtilities148.3K$13.8M0.5%-34.9%
UNP UNION PACIFIC CORPIndustrials54.4K$13.2M0.4%New
AAL AMERICAN AIRLINES GROUP INCIndustrials1.2M$12.7M0.4%+129.8%
MSFT MICROSOFT CORPTechnology33.5K$12.4M0.4%New
SMCI SUPER MICRO COMPUTER INCTechnology539.0K$12.3M0.4%+1086.0%
TGT TARGET CORPConsumer discretionary100.0K$12.1M0.4%+230.0%
AMZN AMAZON.COM INCConsumer discretionary57.2K$11.9M0.4%-32.1%
PL PLANET LABS PBCTechnology414.0K$11.6M0.4%+34.9%
AAOI APPLIED OPTOELECTRONICS INCTechnology136.0K$11.5M0.4%-15.4%
LMND LEMONADE INCFinancials180.0K$11.3M0.4%+63.0%
RDW REDWIRE CORPIndustrials1.3M$11.1M0.4%+102.8%
UAL UNITED AIRLINES HOLDINGS INCIndustrials119.5K$11.0M0.4%New
HOOD ROBINHOOD MARKETS INC - AFinancials158.5K$11.0M0.4%-14.7%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials22.9K$11.0M0.4%New
ZIM ZIM INTEGRATED SHIPPING SERVIndustrials406.5K$10.7M0.4%-45.1%
UPS UNITED PARCEL SERVICE-CL BIndustrials108.4K$10.7M0.4%-40.2%
C CITIGROUP INCFinancials93.4K$10.6M0.3%+20.8%
CI THE CIGNA GROUPFinancials39.6K$10.6M0.3%+67.7%
AEM AGNICO EAGLE MINES LTDMaterials51.9K$10.5M0.3%+85.5%
WULF TERAWULF INCFinancials710.4K$10.3M0.3%+214.6%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 20268022$52.18B canonicalSEC ↗
Q4 202513F-HRFeb 12, 20268559$57.28B canonicalSEC ↗
Q3 202513F-HRNov 12, 20258852$56.88B canonicalSEC ↗
Q2 202513F-HRAug 14, 20258339$45.20B canonicalSEC ↗
Q1 202513F-HRMay 14, 20257873$34.47B canonicalSEC ↗
Q4 202413F-HR/ARESTATEMENTMay 14, 20257517$43.69B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20256549$40.48B SEC ↗
Q3 202413F-HRNov 14, 20246541$35.08B canonicalSEC ↗
Q2 202413F-HRAug 14, 20246607$25.80B canonicalSEC ↗
Q1 202413F-HRMay 10, 20246911$26.04B canonicalSEC ↗