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Portfolio (Quarterly) Guide ↗

CAPITAL FUND MANAGEMENT S.A.

· CIK 0001323645
13F Portfolio $36.0B AUM Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 2325 New
Page 2 of 117  ·  2,325 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 GOOGL PUT ALPHABET INC CAP STK CL A Communication Services 484,300.0 $151.6M 0.42% NEW $313.00 +22.4%
22 CALL BERKSHIRE HATHAWAY INC DEL CL B NEW 292,100.0 $146.8M 0.41% NEW $502.65
23 GS PUT GOLDMAN SACHS GROUP INC COM Financial Services 153,100.0 $134.6M 0.37% NEW $879.00 +13.4%
24 CVX CHEVRON CORP NEW COM Energy 829,197.0 $126.4M 0.35% NEW $152.41 +25.6%
25 AVGO PUT BROADCOM INC COM Technology 362,400.0 $125.4M 0.35% NEW $346.10 +19.7%
26 GE GE AEROSPACE COM NEW Industrials 404,637.0 $124.6M 0.35% NEW $308.03 -1.7%
27 COST CALL COSTCO WHSL CORP NEW COM Consumer Defensive 142,900.0 $123.2M 0.34% NEW $862.34 +19.2%
28 BKNG BOOKING HOLDINGS INC COM Consumer Cyclical 21,795.0 $116.7M 0.32% NEW $5355.33 -97.0%
29 MSFT PUT MICROSOFT CORP COM Technology 241,000.0 $116.6M 0.32% NEW $483.62 -13.5%
30 GOOGL CALL ALPHABET INC CAP STK CL A Communication Services 367,400.0 $115.0M 0.32% NEW $313.00 +22.4%
31 TSM CALL TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS Technology 375,900.0 $114.2M 0.32% NEW $303.89 +33.1%
32 HOOD CALL ROBINHOOD MKTS INC COM CL A Financial Services 1,009,200.0 $114.1M 0.32% NEW $113.10 -34.9%
33 BSX BOSTON SCIENTIFIC CORP COM Healthcare 1,152,048.0 $109.8M 0.30% NEW $95.35 -39.4%
34 LRCX PUT LAM RESEARCH CORP COM NEW Technology 640,600.0 $109.7M 0.30% NEW $171.18 +78.4%
35 BA CALL BOEING CO COM Industrials 503,076.0 $109.2M 0.30% NEW $217.12 +0.9%
36 KRE PUT SPDR SERIES TRUST STATE STREET SPD 1,655,900.0 $107.3M 0.30% NEW $64.81 +7.0%
37 AXP PUT AMERICAN EXPRESS CO COM Financial Services 282,600.0 $104.5M 0.29% NEW $369.95 -15.7%
38 ARM PUT ARM HOLDINGS PLC SPONSORED ADS Technology 954,600.0 $104.3M 0.29% NEW $109.31 +180.4%
39 PM PHILIP MORRIS INTL INC COM Consumer Defensive 649,846.0 $104.2M 0.29% NEW $160.40 +17.8%
40 BAC BANK AMERICA CORP COM Financial Services 1,887,992.0 $103.8M 0.29% NEW $55.00 -5.8%
Page 2 of 117  ·  2,325 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 26.4%
Financial Services 15.7%
Consumer Cyclical 13.3%
Industrials 12.9%
Healthcare 8.6%
Communication Services 4.7%
Energy 4.7%
Consumer Defensive 4.6%
Basic Materials 4.5%
Utilities 3.6%