CAPITAL FUND MANAGEMENT S.A. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$36.0B

Holdings

1,197

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (1,197 positions)

#	Stock	Shares	Value	% Portfolio	Type
301	ILMNILLUMINA INC COM	227,465	$28.0M	0.08%	Put
302	FOXAFOX CORP CL A COM	401,799	$28.0M	0.08%	Put
303	EX9EXELIXIS INC COM	678,792	$28.0M	0.08%	Put
304	CHWYCHEWY INC CL A	900,921	$28.0M	0.08%	Put
305	BCSBARCLAYS PLC ADR	1,149,396	$28.0M	0.08%	Put
306	AUANGLOGOLD ASHANTI PLC COM SHS	335,200	$28.0M	0.08%	Put
307	SOUNSOUNDHOUND AI INC CLASS A COM	2,811,400	$27.0M	0.08%	Put
308	MPCMARATHON PETE CORP COM	173,529	$27.0M	0.08%	Put
309	CBCHUBB LIMITED COM	90,800	$27.0M	0.08%	Put
310	DONSPDR DOW JONES INDL AVERAGE UT SER 1	57,200	$27.0M	0.08%	Put
311	T7DTRANSDIGM GROUP INC COM	20,189	$26.0M	0.07%
312	SCHDSCHWAB STRATEGIC TR US DIVIDEND EQ	995,400	$26.0M	0.07%	Put
313	DOCUDOCUSIGN INC COM	405,920	$26.0M	0.07%	Put
314	COPCONOCOPHILLIPS COM	291,215	$26.0M	0.07%	Put
315	CDNSCADENCE DESIGN SYSTEM INC COM	87,523	$26.0M	0.07%	Put
316	PNCPNC FINL SVCS GROUP INC COM	128,671	$26.0M	0.07%	Put
317	AFWALIGN TECHNOLOGY INC COM	166,995	$25.0M	0.07%	Put
318	TOLTOLL BROTHERS INC COM	196,070	$25.0M	0.07%	Put
319	NUNU HLDGS LTD ORD SHS CL A	1,599,900	$25.0M	0.07%	Put
320	WPMWHEATON PRECIOUS METALS CORP COM	229,163	$25.0M	0.07%	Put
321	SNPSSYNOPSYS INC COM	55,400	$25.0M	0.07%	Put
322	DC4DEXCOM INC COM	393,684	$25.0M	0.07%	Put
323	RYROYAL BK CDA COM	154,459	$25.0M	0.07%	Put
324	XMESPDR SERIES TRUST STATE STREET SPD	251,700	$25.0M	0.07%	Put
325	RACEFERRARI N V COM	71,038	$25.0M	0.07%	Put
326	CMECME GROUP INC COM	94,768	$25.0M	0.07%	Put
327	NCLHNORWEGIAN CRUISE LINE HLDG L SHS	1,175,008	$24.0M	0.07%	Put
328	CZRCAESARS ENTERTAINMENT INC NE COM	1,079,300	$24.0M	0.07%	Put
329	TDTORONTO DOMINION BK ONT COM NEW	262,800	$24.0M	0.07%	Put
330	SATSECHOSTAR CORP CL A	238,500	$24.0M	0.07%	Put
331	OREALTY INCOME CORP COM	440,890	$23.0M	0.06%	Put
332	JOBYJOBY AVIATION INC COMMON STOCK	1,844,277	$23.0M	0.06%	Put
333	KTOSKRATOS DEFENSE & SEC SOLUTIO COM NEW	313,700	$23.0M	0.06%	Put
334	LYBLYONDELLBASELL INDUSTRIES N SHS - A -	570,100	$23.0M	0.06%	Put
335	JBLJABIL INC COM	106,235	$23.0M	0.06%	Put
336	MBLYMOBILEYE GLOBAL INC COMMON CLASS A	2,308,800	$23.0M	0.06%	Put
337	APAAPA CORPORATION COM	992,886	$22.0M	0.06%	Put
338	RIOTRIOT PLATFORMS INC COM	1,935,663	$22.0M	0.06%	Put
339	ROKROCKWELL AUTOMATION INC COM	59,379	$22.0M	0.06%	Call
340	DHRDANAHER CORPORATION COM	99,900	$22.0M	0.06%	Put
341	EFAISHARES TR MSCI EAFE ETF	242,000	$22.0M	0.06%	Put
342	CFCF INDS HLDGS INC COM	291,459	$22.0M	0.06%
343	KEYSKEYSIGHT TECHNOLOGIES INC COM	111,163	$22.0M	0.06%
344	RHRH COM	124,100	$21.0M	0.06%	Put
345	KDPKEURIG DR PEPPER INC COM	786,174	$21.0M	0.06%	Put
346	CUCAAVIS BUDGET GROUP COM	171,000	$21.0M	0.06%	Put
347	VICIVICI PPTYS INC COM	804,913	$21.0M	0.06%	Put
348	CRSCARPENTER TECHNOLOGY CORP COM	69,299	$21.0M	0.06%
349	PRUPRUDENTIAL FINL INC COM	200,904	$21.0M	0.06%	Put
350	XLBSELECT SECTOR SPDR TR STATE STREET MAT	489,300	$21.0M	0.06%	Put
351	BJBJS WHSL CLUB HLDGS INC COM	243,946	$21.0M	0.06%	Put
352	BUDANHEUSER BUSCH INBEV SA/NV SPONSORED ADR	341,700	$21.0M	0.06%	Put
353	OKTAOKTA INC CL A	248,441	$20.0M	0.06%	Put
354	DBDEUTSCHE BANK A G	556,436	$20.0M	0.06%	Put
355	TRVTRAVELERS COMPANIES INC COM	72,354	$20.0M	0.06%	Put
356	AIC3 AI INC CL A	1,614,412	$20.0M	0.06%	Put
357	MEDPMEDPACE HLDGS INC COM	36,258	$20.0M	0.06%
358	GWREGUIDEWIRE SOFTWARE INC COM	103,863	$20.0M	0.06%
359	NWSANEWS CORP NEW CL A	782,619	$20.0M	0.06%
360	HSYHERSHEY CO COM	113,800	$20.0M	0.06%	Put
361	SEDGSOLAREDGE TECHNOLOGIES INC COM	750,020	$20.0M	0.06%	Put
362	SAPSAP SE SPON ADR	82,400	$19.0M	0.05%	Put
363	MDTMEDTRONIC PLC SHS	202,300	$19.0M	0.05%	Put
364	CNHICNH INDL N V SHS	2,114,012	$19.0M	0.05%
365	BLKBLACKROCK INC COM	18,200	$19.0M	0.05%	Put
366	AREALEXANDRIA REAL ESTATE EQ IN COM	413,877	$19.0M	0.05%	Put
367	BNSBANK NOVA SCOTIA HALIFAX COM	281,252	$19.0M	0.05%	Put
368	NXPINXP SEMICONDUCTORS N V COM	92,100	$19.0M	0.05%	Put
369	REGNREGENERON PHARMACEUTICALS COM	26,500	$19.0M	0.05%	Put
370	FEZSPDR INDEX SHS FDS EURO STOXX 50	324,500	$19.0M	0.05%	Put
371	ACIALBERTSONS COS INC COMMON STOCK	1,180,005	$19.0M	0.05%	Put
372	SPGSIMON PPTY GROUP INC NEW COM	109,671	$19.0M	0.05%	Put
373	KBESPDR SERIES TRUST STATE STREET SPD	312,536	$18.0M	0.05%	Put
374	OIHVANECK ETF TRUST OIL SERVICES ETF	66,814	$18.0M	0.05%	Put
375	WMBWILLIAMS COS INC COM	304,900	$18.0M	0.05%	Put
376	MCHIISHARES TR MSCI CHINA ETF	335,452	$18.0M	0.05%	Put
377	ITGARTNER INC COM	74,648	$18.0M	0.05%	Put
378	BIIBBIOGEN INC COM	109,400	$18.0M	0.05%	Put
379	STLASTELLANTIS N.V SHS	1,784,777	$18.0M	0.05%	Put
380	QBTSD-WAVE QUANTUM INC COM	737,400	$18.0M	0.05%	Put
381	PWRQUANTA SVCS INC COM	43,100	$18.0M	0.05%	Put
382	MSCIMSCI INC COM	33,053	$18.0M	0.05%
383	PINSPINTEREST INC CL A	740,612	$18.0M	0.05%	Put
384	BULLWEBULL CORP ORD SHS	2,390,098	$17.0M	0.05%	Put
385	8CWCROWN CASTLE INC COM	203,300	$17.0M	0.05%	Put
386	KMIKINDER MORGAN INC DEL COM	653,200	$17.0M	0.05%	Put
387	HLHECLA MNG CO COM	934,805	$17.0M	0.05%	Put
388	QXOQXO INC COM NEW	916,400	$17.0M	0.05%	Put
389	DASHDOORDASH INC CL A	79,400	$17.0M	0.05%	Put
390	BROSDUTCH BROS INC CL A	304,943	$17.0M	0.05%	Put
391	QSQUANTUMSCAPE CORP COM CL A	1,847,599	$17.0M	0.05%	Put
392	MNSTMONSTER BEVERAGE CORP NEW COM	235,983	$17.0M	0.05%	Put
393	CPRTCOPART INC COM	471,583	$17.0M	0.05%	Put
394	AEOAMERICAN EAGLE OUTFITTERS IN COM	660,100	$17.0M	0.05%	Put
395	AGIALAMOS GOLD INC NEW COM CL A	452,200	$17.0M	0.05%	Put
396	HCAHCA HEALTHCARE INC COM	39,300	$17.0M	0.05%	Put
397	ENBENBRIDGE INC COM	364,044	$16.0M	0.04%	Put
398	KSSKOHLS CORP COM	872,873	$16.0M	0.04%	Put
399	OVVOVINTIV INC COM	422,515	$16.0M	0.04%
400	UTHUNITED THERAPEUTICS CORP DEL COM	33,359	$16.0M	0.04%

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