Capital Markets Trading UK LLP Q4 2025 Filing

Filed February 12, 2026

Portfolio Value

$6.8B

Holdings

295

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (295 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	MSFTMICROSOFT CORP	927,000	$448.3M	6.61%	Call
2	MSFTMICROSOFT CORP	774,300	$374.5M	5.52%	Put
3	MUMICRON TECHNOLOGY INC	869,500	$248.2M	3.66%	Put
4	AMDADVANCED MICRO DEVICES INC	878,900	$188.2M	2.78%	Put
5	TSMTAIWAN SEMICONDUCTOR MFG LTD	577,200	$175.4M	2.59%	Put
6	INTCINTEL CORP	4,512,500	$166.5M	2.45%	Put
7	—VANECK ETF TRUST	1,765,700	$151.4M	2.23%	Put
8	—BROADCOM INC	406,700	$140.8M	2.08%	Put
9	—AMAZON COM INC	571,400	$131.9M	1.94%	Call
10	NVDANVIDIA CORPORATION	620,700	$115.8M	1.71%	Put
11	AMZNAMAZON COM INC	499,400	$115.3M	1.70%	Put
12	MUMICRON TECHNOLOGY INC	358,200	$102.2M	1.51%	Call
13	INTCINTEL CORP	2,769,600	$102.2M	1.51%	Call
14	—ISHARES INC	2,877,100	$91.4M	1.35%	Call
15	CATCATERPILLAR INC	145,000	$83.1M	1.22%	Put
16	AMDADVANCED MICRO DEVICES INC	385,200	$82.5M	1.22%	Call
17	GOOGLALPHABET INC	259,400	$81.2M	1.20%	Put
18	TSLATESLA INC	169,500	$76.2M	1.12%	Put
19	BABOEING CO	346,800	$75.3M	1.11%	Put
20	TSLATESLA INC	166,300	$74.8M	1.10%	Call
21	SHOPSHOPIFY INC	438,800	$70.6M	1.04%	Put
22	NIONIO INC	13,389,200	$68.3M	1.01%	Put
23	CATCATERPILLAR INC	116,700	$66.9M	0.99%	Call
24	SNOWSNOWFLAKE INC	304,600	$66.8M	0.99%	Put
25	METAMETA PLATFORMS INC	97,000	$64.0M	0.94%	Put
26	TSMTAIWAN SEMICONDUCTOR MFG LTD	206,300	$62.7M	0.92%	Call
27	SHOPSHOPIFY INC	388,200	$62.5M	0.92%	Call
28	PDDPDD HOLDINGS INC	521,800	$59.2M	0.87%	Put
29	—META PLATFORMS INC	89,400	$59.0M	0.87%	Call
30	VALEVALE S A	4,485,300	$58.4M	0.86%	Call
31	—VANECK ETF TRUST	634,100	$54.4M	0.80%	Call
32	SNOWSNOWFLAKE INC	235,500	$51.7M	0.76%	Call
33	—ISHARES INC	1,591,100	$50.5M	0.75%	Put
34	ORCLORACLE CORP	254,000	$49.5M	0.73%	Put
35	MRVLMARVELL TECHNOLOGY INC	578,200	$49.1M	0.72%	Put
36	CCLCARNIVAL CORP	1,546,700	$47.2M	0.70%	Put
37	LLYELI LILLY & CO	43,100	$46.3M	0.68%	Call
38	GOOGLALPHABET INC	147,300	$46.1M	0.68%	Call
39	LULULULULEMON ATHLETICA INC	211,600	$44.0M	0.65%	Put
40	FCXFREEPORT-MCMORAN INC	859,200	$43.6M	0.64%	Call
41	—AMERICAN AIRLS GROUP INC	2,815,600	$43.2M	0.64%	Put
42	BABOEING CO	197,600	$42.9M	0.63%	Call
43	—FORD MTR CO	3,224,600	$42.3M	0.62%	Put
44	WFCWELLS FARGO CO NEW	453,800	$42.3M	0.62%	Put
45	ABNBAIRBNB INC	306,400	$41.6M	0.61%	Call
46	ARMARM HOLDINGS PLC	372,600	$40.7M	0.60%	Put
47	AVGOBROADCOM INC	116,800	$40.4M	0.60%	Call
48	—UNITED AIRLS HLDGS INC	357,400	$40.0M	0.59%	Put
49	UNHUNITEDHEALTH GROUP INC	115,700	$38.2M	0.56%	Put
50	LULULULULEMON ATHLETICA INC	182,400	$37.9M	0.56%	Call
51	—UNITEDHEALTH GROUP INC	114,200	$37.7M	0.56%	Call
52	ORCLORACLE CORP	183,400	$35.7M	0.53%	Call
53	UBERUBER TECHNOLOGIES INC	432,100	$35.3M	0.52%	Put
54	QCOMQUALCOMM INC	205,000	$35.1M	0.52%	Call
55	CRMSALESFORCE INC	131,200	$34.8M	0.51%	Call
56	PDDPDD HOLDINGS INC	300,000	$34.0M	0.50%	Call
57	CRWDCROWDSTRIKE HLDGS INC	71,300	$33.4M	0.49%	Put
58	AXPAMERICAN EXPRESS CO	88,500	$32.7M	0.48%	Put
59	NFLXNETFLIX INC	349,200	$32.7M	0.48%	Put
60	—JD.COM INC	1,116,100	$32.0M	0.47%	Call
61	—UNITED AIRLS HLDGS INC	286,000	$32.0M	0.47%	Call
62	CCLCARNIVAL CORP	1,038,700	$31.7M	0.47%	Call
63	FSLRFIRST SOLAR INC	121,400	$31.7M	0.47%	Put
64	AQLTISHARES TR	819,100	$31.4M	0.46%	Put
65	DALDELTA AIR LINES INC DEL	438,900	$30.5M	0.45%	Call
66	AQLTISHARES TR	795,200	$30.4M	0.45%	Call
67	CRWDCROWDSTRIKE HLDGS INC	64,700	$30.3M	0.45%	Call
68	TEVATEVA PHARMACEUTICAL INDS LTD	963,100	$30.1M	0.44%	Call
69	NKENIKE INC	454,400	$28.9M	0.43%	Put
70	MRVLMARVELL TECHNOLOGY INC	337,000	$28.6M	0.42%	Call
71	PLTRPALANTIR TECHNOLOGIES INC	161,000	$28.6M	0.42%	Put
72	NEMNEWMONT CORP	283,200	$28.3M	0.42%	Call
73	VALEVALE S A	2,149,100	$28.0M	0.41%	Put
74	CCITIGROUP INC	237,700	$27.7M	0.41%	Put
75	—CISCO SYS INC	359,400	$27.7M	0.41%	Call
76	TGTTARGET CORP	283,200	$27.7M	0.41%	Put
77	TGTTARGET CORP	272,100	$26.6M	0.39%	Call
78	—KRANESHARES TRUST	757,400	$25.8M	0.38%	Put
79	ADBEADOBE INC	72,800	$25.5M	0.38%	Put
80	PYPLPAYPAL HLDGS INC	427,300	$24.9M	0.37%	Put
81	QCOMQUALCOMM INC	142,700	$24.4M	0.36%	Put
82	BACBANK AMERICA CORP	440,400	$24.2M	0.36%	Call
83	NFLXNETFLIX INC	258,300	$24.2M	0.36%	Call
84	NVDANVIDIA CORPORATION	129,300	$24.1M	0.36%	Call
85	NCLHNORWEGIAN CRUISE LINE HLDG L	1,072,700	$23.9M	0.35%	Call
86	LLYELI LILLY & CO	21,500	$23.1M	0.34%	Put
87	PANWPALO ALTO NETWORKS INC	125,200	$23.1M	0.34%	Put
88	AXPAMERICAN EXPRESS CO	61,300	$22.7M	0.33%	Call
89	NKENIKE INC	350,400	$22.3M	0.33%	Call
90	SOFISOFI TECHNOLOGIES INC	849,200	$22.2M	0.33%	Put
91	TEVATEVA PHARMACEUTICAL INDS LTD	685,300	$21.4M	0.32%	Put
92	DALDELTA AIR LINES INC DEL	296,800	$20.6M	0.30%	Put
93	—AMERICAN AIRLS GROUP INC	1,330,800	$20.4M	0.30%	Call
94	PFEPFIZER INC	813,800	$20.3M	0.30%	Call
95	CRMSALESFORCE INC	76,200	$20.2M	0.30%	Put
96	—PETROLEO BRASILEIRO SA PETRO	1,652,300	$19.7M	0.29%	Put
97	PLTRPALANTIR TECHNOLOGIES INC	108,100	$19.2M	0.28%	Call
98	—PETROLEO BRASILEIRO SA PETRO	1,589,800	$18.9M	0.28%	Call
99	ABNBAIRBNB INC	137,900	$18.7M	0.28%	Put
100	FUTUFUTU HLDGS LTD	113,100	$18.6M	0.27%	Put

Page 1 of 3Next