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CAPITAL FUND MANAGEMENT S.A. — 13F Holdings & Portfolio

CIK 1323645 · latest 13F-HR filed 2026-08-13

Backtest portfolio

CAPITAL FUND MANAGEMENT S.A. manages $22.70B in 13F-reported U.S. long-equity assets across 2,033 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AMZN (1.14%), MU (1.09%), AMD (1.07%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 285 new positions and exited 173; 432 existing positions rose in reported value and 208 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$22.70B

Long-equity book

Holdings
2,033

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+285 / −173 / ↑432 / ↓208

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
AMZN1.9% · +24%AMD1.7% · +50%MSFT1.7% · -6%C1.5% · +37%TSLA1.5% · -25%TSM1.0% · -45%CRM1.0% · +355%UBER0.9% · +96%HOOD0.9% · +6%SPY0.9% · newCAT0.8% · +30%BRK.B0.8% · -17%ABNB0.8% · +39%GE0.7% · -43%CVX0.7% · -42%INTC0.7% · +961%ASML0.7% · -21%AIG0.7% · +15%UAL0.6% · +102%MDT0.6% · +1683%SMCI0.6% · +194%JPM0.6% · +29%WFC0.6% · newNOK0.6% · +383%META0.6% · +55%TMUS0.5% · +59%WDC0.5% · +19%DHR0.5% · +90%ORLY0.5% · +360%GILD0.5% · +709%MCK0.5% · +60%BAC0.5% · +149%MO0.5% · -38%QQQ0.5% · newCMCSA0.5% · newBSX0.5% · -11%CME0.5% · +374%B0.4% · +86%WDAY0.4% · +1716%NXPI0.4% · +223%MMM0.4% · -4%TDG0.4% · +52%CTSH0.4% · +614%DOCU0.4% · +37%TEL0.4% · -3%TGT0.4% · +466%STX0.4% · newBP0.4% · +111%SPOT0.4% · +36%SHOP0.4% · +127%PINS0.4% · +158%ADP0.4% · +43%NOW0.4% · +29%CMG0.4% · +190%TEAM0.4% · +19%PH0.4% · +39%ON0.4% · +33%LRCX0.4% · -71%KKR0.4% · +114%TWLO0.4% · +37%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 13%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 26, 2026.

Assets Under Management
$13.38B
Discretionary
$13.38B
Employees
348
Accounts
15
Address
23 RUE DE L'UNIVERSITE
PARIS 75007
France
Phone
+33-1-4949 5949
Website
This firm reports 1 disclosure item on its registration.
Name Title / Status Ownership Type
BOUCHAUD, JEAN-PHILIPPE, MARIELLE ControlCHAIRMAN
since Oct 2001
10–25%Individual
JORDAN, PHILIPPE, BRUNO ControlADMINISTRATOR
since Sep 2009
10–25%Individual
Laloux, Laurent, Marie ControlADMINISTRATOR
since Jun 2017
Less than 5%Individual
POTTERS, MARC ControlCHIEF INVESTMENT OFFICER
since Oct 2018
10–25%Individual
SAULIERE, JACQUES, CHARLES ControlCHIEF EXECUTIVE OFFICER
since Oct 2001
10–25%Individual
TORNQVIST, MARTIN, WALDEMAR ControlCHIEF COMPLIANCE OFFICER
since Jul 2008
Less than 5%Individual
NGI STRATEGIC AUSTRALIA PTY LIMITEDSHAREHOLDER
since Jan 2021
10–25%Foreign Entity
Ownership & leadership changes · 8 filings with changes since Jan 25, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 31, 2023 filing
  • ChangedPOTTERS, MARC · ownership 25–50% → 10–25%
Mar 30, 2022 filing
  • No longer listedDYAL EUROPE HOLDINGS LIMITED · SHAREHOLDER · 10–25% · listed since Dec 2011
  • AddedNGI STRATEGIC AUSTRALIA PTY LIMITED · SHAREHOLDER · 10–25%
Mar 29, 2019 filing
  • No longer listedDYAL CAPITAL PARTNERS (B) LP · SHAREHOLDER · 10–25% · listed since Dec 2011
  • AddedDYAL EUROPE HOLDINGS LIMITED · SHAREHOLDER · 10–25%
  • ChangedPOTTERS, MARC · title CO CHIEF EXECUTIVE OFFICER → CHIEF INVESTMENT OFFICER
  • ChangedSAULIERE, JACQUES, CHARLES · title CO CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER
Jul 21, 2017 filing
  • AddedLaloux, Laurent, Marie · ADMINISTRATOR · Less than 5% · control person
Mar 28, 2017 filing
  • ChangedJORDAN, PHILIPPE, BRUNO · ownership 5–10% → 10–25%
  • ChangedPOTTERS, MARC · ownership 10–25% → 25–50%
Mar 30, 2016 filing
  • ChangedSAULIERE, JACQUES, CHARLES · ownership 5–10% → 10–25%
Mar 27, 2015 filing
  • ChangedPOTTERS, MARC · ownership 25–50% → 10–25%
Mar 26, 2013 filing
  • ChangedPOTTERS, MARC · ownership 10–25% → 25–50%
  • ChangedSAULIERE, JACQUES, CHARLES · ownership 10–25% → 5–10%
Jan 25, 2012 filing (earliest on record)
  • ListedBOUCHAUD, JEAN-PHILIPPE, MARIELLE · CHAIRMAN · 10–25% · control person
  • ListedDYAL CAPITAL PARTNERS (B) LP · SHAREHOLDER · 10–25%
  • ListedJORDAN, PHILIPPE, BRUNO · ADMINISTRATOR · 5–10% · control person
  • ListedPOTTERS, MARC · CO CHIEF EXECUTIVE OFFICER · 10–25% · control person
  • ListedSAULIERE, JACQUES, CHARLES · CO CHIEF EXECUTIVE OFFICER · 10–25% · control person
  • ListedTORNQVIST, MARTIN, WALDEMAR · CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

CAPITAL FUND MANAGEMENT S.A. Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 AMAZON COM INC COM AMZN 023135106 $258.6M 1.14% 1,084,940 SH
2 MICRON TECHNOLOGY INC COM Put MU 595112103 $248.5M 1.09% 215,300 SH
3 ADVANCED MICRO DEVICES INC COM AMD 007903107 $242.4M 1.07% 417,277 SH
4 MICROSOFT CORP COM MSFT 594918104 $240.6M 1.06% 645,043 SH
5 CITIGROUP INC COM NEW C 172967424 $213.1M 0.94% 1,522,530 SH
6 TESLA INC COM TSLA 88160R101 $208.6M 0.92% 495,984 SH
7 TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS TSM 874039100 $138.5M 0.61% 290,034 SH
8 SALESFORCE INC COM CRM 79466L302 $135.4M 0.60% 864,602 SH
9 UBER TECHNOLOGIES INC COM UBER 90353T100 $129.8M 0.57% 1,798,112 SH
10 ROBINHOOD MKTS INC COM CL A HOOD 770700102 $123.1M 0.54% 1,227,630 SH
11 STATE STR SPDR S&P 500 ETF T TR UNIT SPY 78462F103 $120.4M 0.53% 161,180 SH
12 CATERPILLAR INC COM CAT 149123101 $110.9M 0.49% 104,146 SH
13 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $110.7M 0.49% 221,197 SH
14 AIRBNB INC COM CL A ABNB 009066101 $110.7M 0.49% 773,466 SH
15 GE AEROSPACE COM NEW GE 369604301 $104.3M 0.46% 279,071 SH
16 CHEVRON CORPORATION COM CVX 166764100 $102.0M 0.45% 615,136 SH
17 INTEL CORP COM INTC 458140100 $98.5M 0.43% 705,653 SH
18 ASML HLDG NV N Y REGISTRY SHS ASML N07059210 $98.3M 0.43% 49,410 SH
19 AMERICAN INTL GROUP INC COM NEW AIG 026874784 $97.1M 0.43% 1,302,684 SH
20 ADVANCED MICRO DEVICES INC COM Put AMD 007903107 $89.8M 0.40% 154,600 SH
21 UNITED AIRLS HLDGS INC COM UAL 910047109 $87.3M 0.38% 641,644 SH
22 MEDTRONIC PLC SHS MDT G5960L103 $86.0M 0.38% 1,099,468 SH
23 MICRON TECHNOLOGY INC COM Call MU 595112103 $84.6M 0.37% 73,300 SH
24 SUPER MICRO COMPUTER INC COM NEW SMCI 86800U302 $84.5M 0.37% 2,881,318 SH
25 JPMORGAN CHASE & CO COM JPM 46625H100 $84.1M 0.37% 256,815 SH
26 WELLS FARGO & CO COM WFC 949746101 $83.7M 0.37% 1,012,417 SH
27 STATE STR SPDR S&P 500 ETF T TR UNIT Put SPY 78462F103 $82.7M 0.36% 110,700 SH
28 APPLE INC COM Put AAPL 037833100 $80.8M 0.36% 279,200 SH
29 NOKIA CORP SPONSORED ADR NOK 654902204 $80.5M 0.35% 6,061,629 SH
30 INTEL CORP COM Call INTC 458140100 $79.2M 0.35% 566,900 SH
31 META PLATFORMS INC CL A META 30303M102 $77.9M 0.34% 138,340 SH
32 TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS Put TSM 874039100 $77.6M 0.34% 162,400 SH
33 T-MOBILE US INC COM TMUS 872590104 $76.6M 0.34% 456,839 SH
34 WESTERN DIGITAL CORP COM WDC 958102105 $76.5M 0.34% 119,831 SH
35 DANAHER CORP DEL COM DHR 235851102 $76.0M 0.33% 398,917 SH
36 OREILLY AUTOMOTIVE INC COM ORLY 67103H107 $75.6M 0.33% 821,101 SH
37 GILEAD SCIENCES INC COM GILD 375558103 $75.2M 0.33% 595,241 SH
38 INTEL CORP COM Put INTC 458140100 $74.5M 0.33% 533,300 SH
39 MCKESSON CORP COM MCK 58155Q103 $73.5M 0.32% 97,237 SH
40 APPLE INC COM Call AAPL 037833100 $69.0M 0.30% 238,500 SH
41 BANK OF AMER CORP COM BAC 060505104 $68.7M 0.30% 1,206,139 SH
42 TESLA INC COM Put TSLA 88160R101 $67.8M 0.30% 161,100 SH
43 VANECK ETF TRUST SEMICONDUCTR ETF Put SMH 92189F676 $67.8M 0.30% 103,300 SH
44 ALTRIA GROUP INC COM MO 02209S103 $67.7M 0.30% 940,688 SH
45 INVESCO QQQ TR UNIT SER 1 QQQ 46090E103 $66.5M 0.29% 90,329 SH
46 COMCAST CORP NEW CL A CMCSA 20030N101 $66.2M 0.29% 2,696,412 SH
47 TESLA INC COM Call TSLA 88160R101 $66.0M 0.29% 156,800 SH
48 STATE STR SPDR S&P 500 ETF T TR UNIT Call SPY 78462F103 $64.9M 0.29% 86,900 SH
49 BOSTON SCIENTIFIC CORP COM BSX 101137107 $63.4M 0.28% 1,486,096 SH
50 CME GROUP INC COM CME 12572Q105 $62.8M 0.28% 284,521 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $22.70B 2,033 0001323645-26-000010
2026-03-31 2026-05-14 $22.12B 2,005 0001323645-26-000007
2025-12-31 2026-02-17 $35.99B 2,325 0001323645-26-000006
2025-09-30 2025-11-13 $38.16B 2,407 0001323645-25-000009
Filer Information
Address
23 RUE DE L'UNIVERSITE
PARIS, I0 75007
Phone
33149495986
Filing Manager
CAPITAL FUND MANAGEMENT S.A.
PARIS, I0
Signatory
Jacques SAULIERE
CEO Capital Fund Management