Q2 2026 13F · SEC CIK 1323645

Capital Fund Management S.a.

Hedge fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $14.0B
Reported positions: 945
Top holdings a year, 3 yrs: +33.0%
Assets under management: $13.4B

Capital Fund Management S.a. is a hedge fund that reported 945 positions worth $14.0B in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Amazon Com Inc (AMZN, 1.9%), Advanced Micro Devices Inc (AMD, 1.7%), Microsoft Corp (MSFT, 1.7%). A portfolio copying its top holdings returned 33.0% a year over the last 3 years, against 20.4% for the S&P 500.

Capital Fund Management S.a. holdings largest 50 of 945 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Capital Fund Management S.a. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AMZNAmazon Com Inc	1.9%	1.6%	1,084,940	+24.3%	$258.6M
AMDAdvanced Micro Devices Inc	1.7%	0.5%	417,277	+50.1%	$242.4M
MSFTMicrosoft Corp	1.7%	2.3%	645,043	-5.9%	$240.6M
CCitigroup Inc	1.5%	1.1%	1,522,530	+36.8%	$213.1M
TSLATesla Inc	1.5%	2.2%	495,984	-25.2%	$208.6M
TSMTaiwan Semiconductor Manufac	1.0%	1.6%	290,034	-45.2%	$138.5M
CRMSalesforce Inc	1.0%	—	864,602	—	$135.4M
UBERUber Technologies Inc	0.9%	0.6%	1,798,112	+96.3%	$129.8M
HOODRobinhood Mkts Inc	0.9%	0.7%	1,227,630	+6.3%	$123.1M
SPYState Str Spdr S&p 500 ETF T	0.9%	—	161,180	—	$120.4M
CATCaterpillar Inc	0.8%	0.5%	104,146	+29.5%	$110.9M
BRK-BBerkshire Hathaway Inc Del	0.8%	1.1%	221,197	-17.0%	$110.7M
ABNBAirbnb Inc	0.8%	0.6%	773,466	+38.7%	$110.7M
GEGe Aerospace	0.7%	1.2%	279,071	-42.7%	$104.3M
CVXChevron Corporation	0.7%	2.0%	615,136	-42.1%	$102.0M
INTCIntel Corp	0.7%	—	705,653	—	$98.5M
ASMLAsml Hldg NV	0.7%	0.7%	49,410	-21.2%	$98.3M
AIGAmerican Intl Group Inc	0.7%	0.8%	1,302,684	+15.0%	$97.1M
UALUnited Airls Hldgs Inc	0.6%	—	641,644	—	$87.3M
MDTMedtronic PLC	0.6%	—	1,099,468	—	$86.0M
SMCISuper Micro Computer Inc	0.6%	—	2,881,318	—	$84.5M
JPMJpmorgan Chase & Co	0.6%	0.5%	256,815	+29.1%	$84.1M
WFCWells Fargo & Co	0.6%	—	1,012,417	—	$83.7M
NOKNokia Corp	0.6%	—	6,061,629	—	$80.5M
METAMeta Platforms Inc	0.6%	0.5%	138,340	+55.4%	$77.9M
TMUST-Mobile US Inc	0.5%	0.5%	456,839	+59.2%	$76.6M
WDCWestern Digital Corp Com	0.5%	—	119,831	—	$76.5M
DHRDanaher Corp Del	0.5%	—	398,917	—	$76.0M
ORLYOreilly Automotive Inc	0.5%	—	821,101	—	$75.6M
GILDGilead Sciences Inc	0.5%	—	595,241	—	$75.2M
MCKMckesson Corp	0.5%	0.5%	97,237	+59.9%	$73.5M
BACBank of Amer Corp	0.5%	—	1,206,139	—	$68.7M
MOAltria Group Inc	0.5%	0.9%	940,688	-37.7%	$67.7M
QQQInvesco Qqq Tr	0.5%	—	90,329	—	$66.5M
CMCSAComcast Corp New	0.5%	—	2,696,412	—	$66.2M
BSXBoston Scientific Corp	0.5%	0.9%	1,486,096	-10.8%	$63.4M
CMECme Group Inc	0.5%	—	284,521	—	$62.8M
BBarrick Mng Corp	0.4%	—	1,703,468	—	$62.6M
WDAYWorkday Inc Cl A	0.4%	—	506,319	—	$62.0M
NXPINxp Semiconductors N V	0.4%	—	217,329	—	$61.1M
MMM3m Co	0.4%	0.5%	376,455	-3.5%	$61.0M
TDGTransdigm Group Inc	0.4%	—	44,921	—	$59.8M
CTSHCognizant Technology Solutio	0.4%	—	1,508,568	—	$58.4M
DOCUDocusign Inc	0.4%	—	1,302,842	—	$57.9M
TELTe Connectivity PLC	0.4%	0.6%	285,142	-3.0%	$57.5M
TGTTarget Corp	0.4%	—	437,908	—	$57.2M
STXSeagate Technology Hldngs Pl	0.4%	—	58,699	—	$56.6M
BPBp PLC	0.4%	—	1,521,243	—	$56.2M
SPOTSpotify Technology SA	0.4%	—	120,044	—	$55.1M
SHOPShopify Inc	0.4%	—	481,667	—	$55.0M

What Capital Fund Management S.a. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

UBER Uber Technologies Inc+96.3% shares
MCK Mckesson Corp+59.9% shares
TMUS T-Mobile US Inc+59.2% shares
META Meta Platforms Inc+55.4% shares
AMD Advanced Micro Devices Inc+50.1% shares
ABNB Airbnb Inc+38.7% shares
C Citigroup Inc+36.8% shares
CAT Caterpillar Inc+29.5% shares

Reduced

TSM Taiwan Semiconductor Manufac-45.2% shares
GE Ge Aerospace-42.7% shares
CVX Chevron Corporation-42.1% shares
MO Altria Group Inc-37.7% shares
TSLA Tesla Inc-25.2% shares
ASML Asml Hldg NV-21.2% shares
BRK-B Berkshire Hathaway Inc Del-17.0% shares
BSX Boston Scientific Corp-10.8% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +25.9% /yr; S&P 500 +20.1%
3 years: +33.0% /yr; S&P 500 +20.4%
5 years: +21.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$14.0B	945
Q1 2026	$11.2B	833
Q4 2025	$10.6B	834
Q3 2025	$10.0B	791
Q2 2025	$9.1B	834
Q1 2025	$7.8B	744
Q4 2024	$10.1B	746
Q3 2024	$9.0B	672
Q2 2024	$8.8B	622
Q1 2024	$8.2B	645
Q4 2023	$7.9B	683
Q3 2023	$7.4B	623

Questions about Capital Fund Management S.a.'s portfolio

What stocks does Capital Fund Management S.a. own?

Capital Fund Management S.a.'s latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 945 positions worth $14.0B. The largest are Amazon Com Inc (AMZN) at 1.9%, Advanced Micro Devices Inc (AMD) at 1.7%, Microsoft Corp (MSFT) at 1.7%, Citigroup Inc (C) at 1.5% and Tesla Inc (TSLA) at 1.5%.

What did Capital Fund Management S.a. buy last quarter?

In Q2 2026, Capital Fund Management S.a. added Uber Technologies Inc (UBER) (+96.3% shares), Mckesson Corp (MCK) (+59.9% shares) and T-Mobile US Inc (TMUS) (+59.2% shares), compared with its Q1 2026 filing.

What did Capital Fund Management S.a. sell last quarter?

In Q2 2026, Capital Fund Management S.a. cut from its top 50 Apple Inc (AAPL), cut from its top 50 Eli Lilly & Co (LLY), cut from its top 50 Micron Technology Inc (MU), cut from its top 50 Sandisk Corp (SNDK), cut from its top 50 Booking Holdings Inc (BKNG), Taiwan Semiconductor Manufac (TSM) (-45.2% shares), Ge Aerospace (GE) (-42.7% shares) and Chevron Corporation (CVX) (-42.1% shares), compared with its Q1 2026 filing.

How has Capital Fund Management S.a.'s portfolio performed?

A portfolio copying Capital Fund Management S.a.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +33.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +25.9% against +20.1%. Over 5 years: +21.0% a year against +11.6%.

When is Capital Fund Management S.a.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Capital Fund Management S.a.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Capital Fund Management S.a. manage?

Capital Fund Management S.a. reported $13.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $14.0B.