Optiver Holding B.V.

Market maker Mechanical technology specialist (64%) CIK 1859606
League rank
#1
in Market maker · #151 overall
Long book
$2.64B
Q1 2026
Positions
1881
Top-10 weight
52%
concentration
Last quarter
+33.1%
SPY +14.8%
Turnover
37%
of book per quarter

Strategy in plain words

auto-generated from filings

Optiver Holding B.V. is a market maker — positions are inventory, not bets, specialised in technology (64% of the long book), running a $2.64B US long book across 1881 positions.

The portfolio is concentrated: the top 10 names carry 52% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, ORACLE CORP, MICRON TECHNOLOGY INC, BROADCOM INC, SS FINANCIAL SELECT SECTOR.

Over the last 9 quarters its long book ran on average 5pp per quarter ahead of the S&P 500, beating the index in 6 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
+9.5%
Q2 2024
+2.9%
Q3 2024
+1.4%
Q4 2024
-5.3%
Q1 2025
+24.8%
Q2 2025
+15.6%
Q3 2025
+6.5%
Q4 2025
-2.9%
Q1 2026
+33.1%

Sector allocation

Technology
68%
Financials
21%
Healthcare
2%
Industrials
2%
Services media
2%
Energy
1%
Other
1%
Communications
1%

Long book by quarter

$2.41B
Q1 2024
$5.19B
Q2 2024
$3.93B
Q3 2024
$3.09B
Q4 2024
$2.59B
Q1 2025
$3.71B
Q2 2025
$6.16B
Q3 2025
$5.53B
Q4 2025
$2.64B
Q1 2026

What does Optiver Holding own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ORCL ORACLE CORPTechnology1.4M$206.9M7.8%+1.8%
MU MICRON TECHNOLOGY INCTechnology583.8K$197.2M7.5%+67.6%
AVGO BROADCOM INCTechnology314.7K$97.4M3.7%-6.4%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology482.8K$70.6M2.7%-33.3%
AMD ADVANCED MICRO DEVICESTechnology326.3K$66.4M2.5%+26.4%
SOFI SOFI TECHNOLOGIES INCFinancials2.3M$37.0M1.4%New
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials73.8K$35.4M1.3%+2030.6%
XP XP INC - CLASS AFinancials1.6M$30.0M1.1%+9.4%
AMAT APPLIED MATERIALS INCTechnology85.9K$29.4M1.1%+109.6%
AXP AMERICAN EXPRESS COFinancials93.9K$28.4M1.1%-0.8%
MSFT MICROSOFT CORPTechnology63.5K$23.5M0.9%-68.6%
CRWD CROWDSTRIKE HOLDINGS INC - ATechnology60.0K$23.4M0.9%+128.8%
PANW PALO ALTO NETWORKS INCTechnology124.9K$20.0M0.8%+90.1%
AZN ASTRAZENECA PLCHealthcare95.4K$18.8M0.7%New
COIN COINBASE GLOBAL INC -CLASS AFinancials102.3K$17.9M0.7%+1496.3%
GS GOLDMAN SACHS GROUP INCFinancials18.5K$15.7M0.6%-18.3%
CRM SALESFORCE INCTechnology83.0K$15.5M0.6%-22.8%
MS MORGAN STANLEYFinancials90.8K$14.9M0.6%+424.3%
GOOG ALPHABET INC-CL CTechnology51.8K$14.9M0.6%-70.0%
BAC BANK OF AMERICA CORPFinancials280.0K$13.7M0.5%+57.9%
JPM JPMORGAN CHASE & COFinancials43.9K$12.9M0.5%-82.4%
NOW SERVICENOW INCTechnology121.6K$12.7M0.5%+214.5%
ADBE ADOBE INCTechnology50.2K$12.2M0.5%+32.0%
NVDA NVIDIA CORPTechnology69.5K$12.1M0.5%-90.9%
LTEC LOGITECH INTERNATIONAL-REG124.7K$11.4M0.4%+157.6%
SPOT SPOTIFY TECHNOLOGY SACommunications21.1K$10.2M0.4%+76.0%
FISV FISERV INCServices media177.0K$9.9M0.4%New
MRVL MARVELL TECHNOLOGY INCTechnology99.0K$9.8M0.4%-63.8%
PNC PNC FINANCIAL SERVICES GROUPFinancials41.2K$8.6M0.3%+171458.3%
COF CAPITAL ONE FINANCIAL CORPFinancials45.4K$8.3M0.3%-47.1%
HOOD ROBINHOOD MARKETS INC - AFinancials114.8K$8.0M0.3%New
ENPH ENPHASE ENERGY INCTechnology209.5K$7.9M0.3%+48.4%
SNAP SNAP INC - ATechnology1.7M$7.9M0.3%+0.1%
WFC WELLS FARGO & COFinancials94.1K$7.5M0.3%-47.8%
BMNR BITMINE IMMERSION TECHNOLOGIFinancials365.3K$7.2M0.3%+895.3%
ALC ALCON INCHealthcare89.9K$6.8M0.3%+365.2%
U UNITY SOFTWARE INCTechnology273.9K$6.0M0.2%+101.7%
FTNT FORTINET INCTechnology73.1K$6.0M0.2%-51.6%
SHOP SHOPIFY INC - CLASS ATechnology50.3K$6.0M0.2%-45.8%
MICC MAGNUM ICE CREAM CO NV/THEConsumer staples383.3K$5.7M0.2%+155.1%
USB US BANCORPFinancials109.2K$5.7M0.2%+53.4%
EQT EQT CORPEnergy85.5K$5.4M0.2%+344.8%
ZION ZIONS BANCORP NAFinancials93.6K$5.4M0.2%+58.0%
CRH CRH PLCIndustrials48.5K$5.1M0.2%+114.0%
TTE TOTALENERGIES SEEnergy50.1K$4.6M0.2%-87.7%
STM STMICROELECTRONICS NV-NY SHSTechnology131.2K$4.5M0.2%New
SMCI SUPER MICRO COMPUTER INCTechnology195.1K$4.4M0.2%-45.3%
TOST TOAST INC-CLASS ATechnology166.7K$4.4M0.2%New
AMZN AMAZON.COM INCConsumer discretionary21.2K$4.4M0.2%-97.6%
FER FERROVIAL NVIndustrials65.2K$4.2M0.2%+349.6%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HR/ARESTATEMENTJun 2, 20262361$289.48B canonicalSEC ↗
Q1 202613F-HRMay 15, 20262361$289.48B SEC ↗
Q4 202513F-HRFeb 17, 20262497$268.81B canonicalSEC ↗
Q3 202513F-HRNov 10, 20252707$250.61B canonicalSEC ↗
Q2 202513F-HRAug 14, 20251471$210.24B canonicalSEC ↗
Q1 202513F-HRMay 15, 20251352$171.97B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20251059$193.62B canonicalSEC ↗
Q3 202413F-HRNov 14, 2024951$191.83B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024914$185.41B canonicalSEC ↗
Q1 202413F-HRMay 9, 2024694$185.90B canonicalSEC ↗