Fund Holdings

CAPITAL FUND MANAGEMENT S.A.

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
MICROSOFT CORP COM(MSFT)0685,655+685,6550253,808,9112.27%+253,808,911
CHEVRON CORPORATION COM(CVX)01,062,623+1,062,6230219,856,6981.97%+219,856,698
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS(TSM)0529,652+529,6520178,995,8931.60%+178,995,893
ELI LILLY & CO COM(LLY)0189,558+189,5580174,349,7611.56%+174,349,761
SANDISK CORP COM(SNDK)0191,037+191,0370121,373,4471.09%+121,373,447
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS(TSM)(Put)0311,700+311,7000105,339,015+105,339,015
PALANTIR TECHNOLOGIES INC CL A(PLTR)0654,498+654,498095,739,9670.86%+95,739,967
ASML HLDG NV N Y REGISTRY SHS
N Y REGISTRY SHS
062,689+62,689082,801,5110.74%+82,801,511
AMAZON COM INC COM(AMZN)431,796872,677+440,88199,667,152181,752,4381.63%+82,085,286
STATE STR SPDR S&P 500 ETF T TR UNIT(SPY)(Call)0110,200+110,200071,667,468+71,667,468
SELECT SECTOR SPDR TR STATE STREET FIN(Call)
ST STR FINL ETF
502,2001,996,800+1,494,60027,505,49498,582,016+71,076,522
NEWMONT CORP COM(NEM)96,944740,683+643,7399,679,85880,178,9340.72%+70,499,076
UBER TECHNOLOGIES INC COM(UBER)0915,987+915,987065,886,9440.59%+65,886,944
BLOOM ENERGY CORP COM CL A78,559490,436+411,8776,825,99166,449,1730.59%+59,623,182
CITIGROUP INC COM NEW(C)575,5161,112,838+537,32267,156,962126,206,9571.13%+59,049,995
MARVELL TECHNOLOGY INC COM(MRVL)74,387658,399+584,0126,321,40765,214,4200.58%+58,893,013
JPMORGAN CHASE & CO COM(JPM)0198,920+198,920058,514,3070.52%+58,514,307
ROBINHOOD MKTS INC COM CL A(HOOD)212,8201,155,175+942,35524,069,94280,053,6270.72%+55,983,685
MICRON TECHNOLOGY INC COM(MU)300,781419,411+118,63085,845,905141,693,8121.27%+55,847,907
VERTEX PHARMACEUTICALS INC COM(VRTX)0122,934+122,934054,894,9480.49%+54,894,948
COCA COLA CO COM(KO)0705,864+705,864053,680,9570.48%+53,680,957
COSTCO WHOLESALE CORPORATION COM(COST)(Call)053,700+53,700053,508,291+53,508,291
MCKESSON CORP COM(MCK)060,801+60,801052,614,7530.47%+52,614,753
APPLE INC COM(AAPL)850,9251,100,176+249,251231,332,470279,213,6672.50%+47,881,197
JPMORGAN CHASE & CO COM(JPM)(Put)0157,500+157,500046,330,200+46,330,200
BERKSHIRE HATHAWAY INC DEL CL B NEW163,063266,520+103,45781,963,616127,716,3841.14%+45,752,768
NETFLIX INC. COM(NFLX)(Call)0473,700+473,700045,546,255+45,546,255
APPLIED MATLS INC COM0133,003+133,003045,459,0950.41%+45,459,095
DEVON ENERGY CORP NEW COM(DVN)1,057,5961,662,548+604,95238,739,74183,659,4150.75%+44,919,674
FREEPORT MCMORAN INC CL B(FCX)0750,302+750,302044,102,7510.39%+44,102,751
NETFLIX INC. COM(NFLX)(Put)0456,500+456,500043,892,475+43,892,475
CHEVRON CORPORATION COM(CVX)(Put)0210,900+210,900043,635,210+43,635,210
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS(TSM)(Call)0127,900+127,900043,223,805+43,223,805
T-MOBILE US INC COM(TMUS)92,394286,937+194,54318,759,67760,265,3780.54%+41,505,701
CHEVRON CORPORATION COM(CVX)(Call)0194,300+194,300040,200,670+40,200,670
DANAHER CORP DEL COM(DHR)0209,532+209,532039,727,2670.36%+39,727,267
ALNYLAM PHARMACEUTICALS INC COM(ALNY)20,940140,109+119,1698,326,79146,357,8640.42%+38,031,073
UNILEVER PLC SPON ADR NEW(UL)0649,963+649,963037,028,3920.33%+37,028,392
INTERNATIONAL BUSINESS MACHS COM(IBM)0150,817+150,817036,556,5320.33%+36,556,532
AMERICAN INTL GROUP INC COM NEW569,7911,133,136+563,34548,745,62085,268,4840.76%+36,522,864
AMPHENOL CORP CL A0287,964+287,964036,384,2510.33%+36,384,251
TE CONNECTIVITY PLC ORD SHS(TEL)117,336294,026+176,69026,695,11361,457,3140.55%+34,762,201
PARKER-HANNIFIN CORP COM(PH)038,786+38,786034,722,7780.31%+34,722,778
EXXON MOBIL CORP COM(Put)197,900344,600+146,70023,815,28658,464,836+34,649,550
AUTOMATIC DATA PROCESSING IN COM0168,841+168,841034,305,1140.31%+34,305,114
KINROSS GOLD CORP COM(KGC)326,9911,363,063+1,036,0729,208,06641,600,6820.37%+32,392,616
LAM RESEARCH CORP COM NEW(LRCX)328,638413,342+84,70456,256,25288,314,6510.79%+32,058,399
MARSH & MCLENNAN COS INC COM(MRSH)131,888323,016+191,12824,467,86156,027,1250.50%+31,559,264
COSTCO WHOLESALE CORPORATION COM(COST)(Put)031,500+31,500031,387,545+31,387,545
KLA CORP COM NEW(KLAC)020,690+20,690030,464,1620.27%+30,464,162
AMERICAN TOWER CORP COM(AMT)0171,400+171,400029,580,2120.26%+29,580,212
SOUTHERN CO COM(SO)329,431597,740+268,30928,726,38357,693,8640.52%+28,967,481
CONOCOPHILLIPS COM(COP)64,240262,477+198,2376,013,50634,646,9640.31%+28,633,458
ASML HLDG NV N Y REGISTRY SHS(Call)
N Y REGISTRY SHS
021,200+21,200028,001,596+28,001,596
JPMORGAN CHASE & CO COM(JPM)(Call)094,700+94,700027,856,952+27,856,952
UNITED PARCEL SVCS INC CL B(UPS)(Call)0274,200+274,200026,975,796+26,975,796
ASML HLDG NV N Y REGISTRY SHS(Put)
N Y REGISTRY SHS
020,200+20,200026,680,766+26,680,766
MERCADOLIBRE INC COM(MELI)015,420+15,420026,661,4880.24%+26,661,488
HOWMET AEROSPACE INC COM(HWM)120,459219,885+99,42624,696,50450,674,6970.45%+25,978,193
ILLINOIS TOOL WKS INC COM(ITW)099,653+99,653025,938,6790.23%+25,938,679
PROCTER & GAMBLE CO COM(PG)(Put)0178,600+178,600025,796,984+25,796,984
ADOBE INC COM(ADBE)162,242338,368+176,12656,783,07782,250,4930.74%+25,467,416
CATERPILLAR INC COM(CAT)56,20580,448+24,24332,198,15856,994,1900.51%+24,796,032
XCEL ENERGY INC COM(XEL)74,968381,019+306,0515,537,13630,268,1490.27%+24,731,013
EQT CORP COM(EQT)0385,408+385,408024,527,3650.22%+24,527,365
SHELL PLC SPON ADS(SHEL)0263,277+263,277024,484,7610.22%+24,484,761
INTUITIVE SURGICAL INC COM NEW73,451143,196+69,74541,599,70866,011,9240.59%+24,412,216
HECLA MINING COMPANY COM(HL)01,295,275+1,295,275024,130,9730.22%+24,130,973
ACCENTURE PLC IRELAND SHS CLASS A
SHS CLASS A
27,299158,005+130,7067,324,32131,330,8110.28%+24,006,490
SELECT SECTOR SPDR TR STATE STREET CON
ST STR STAPL ETF
0283,043+283,043023,203,8650.21%+23,203,865
SHOPIFY INC CL A SUB VTG SHS(SHOP)12,188212,109+199,9211,961,90225,160,3690.23%+23,198,467
PROCTER & GAMBLE CO COM(PG)(Call)0159,900+159,900023,095,956+23,095,956
VEEVA SYS INC CL A COM(VEEV)12,477146,370+133,8932,785,24025,711,3540.23%+22,926,114
WELLS FARGO & CO COM(WFC)(Call)0286,700+286,700022,824,187+22,824,187
DOCUSIGN INC COM(DOCU)325,720950,244+624,52422,279,24845,051,0680.40%+22,771,820
COMFORT SYS USA INC COM(FIX)016,372+16,372022,576,8240.20%+22,576,824
KKR & CO INC COM(KKR)20,239262,903+242,6642,580,06724,318,5270.22%+21,738,460
FIDELITY NATL INFORMATION SV COM(FIS)147,707662,831+515,1249,816,60731,093,4020.28%+21,276,795
EXPAND ENERGY CORPORATION COM(EXE)0189,637+189,637020,818,3490.19%+20,818,349
FREEPORT MCMORAN INC CL B(FCX)(Call)0340,800+340,800020,032,224+20,032,224
DOW HLDGS INC COM(DOW)(Put)0465,500+465,500019,388,075+19,388,075
COSTCO WHOLESALE CORPORATION COM(COST)019,270+19,270019,201,2060.17%+19,201,206
SOLAREDGE TECHNOLOGIES INC COM(SEDG)485,920649,692+163,77214,018,79233,166,7760.30%+19,147,984
TOAST INC CL A(TOST)202,395982,538+780,1437,187,04626,047,0820.23%+18,860,036
EXPEDITORS INTL WASH INC COM(EXPD)0130,456+130,456018,685,2120.17%+18,685,212
3M CO COM(MMM)237,468390,187+152,71938,018,62656,666,8580.51%+18,648,232
DOW HLDGS INC COM(DOW)0447,007+447,007018,617,8410.17%+18,617,841
VANECK ETF TRUST SEMICONDUCTR ETF
SEMICONDUCTR ETF
048,075+48,075018,431,9550.17%+18,431,955
DELTA AIR LINES INC COM NEW(DAL)(Call)0273,500+273,500018,182,280+18,182,280
HUMANA INC COM(HUM)127,996291,331+163,33532,783,61550,513,8820.45%+17,730,267
MOODYS CORP COM(MCO)30,60975,466+44,85715,636,60732,922,0420.29%+17,285,435
LEMONADE INC COM(LMND)33,322311,309+277,9872,371,85919,512,8480.17%+17,140,989
FREEPORT MCMORAN INC CL B(FCX)(Put)0290,700+290,700017,087,346+17,087,346
DOLLAR GEN CORP COM(DG)0135,557+135,557016,094,6820.14%+16,094,682
UNITED AIRLS HLDGS INC COM(UAL)117,780317,100+199,32013,170,15929,195,3970.26%+16,025,238
JEFFERIES FINANCIAL GROUP IN COM(JEF)0385,967+385,967015,928,8580.14%+15,928,858
INCYTE CORP COM(INCY)136,343312,021+175,67813,466,59829,367,4160.26%+15,900,818
DOORDASH INC CL A(DASH)0104,539+104,539015,696,5300.14%+15,696,530
ELEVANCE HEALTH INC FORMERLY COM(ELV)052,982+52,982015,510,4800.14%+15,510,480
PEPSICO INC COM(PEP)(Put)211,400293,400+82,00030,340,12845,562,086+15,221,958
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