CTC (Chicago Trading Company) Portfolio holdings
CTC LLC, commonly known as Chicago Trading Company, was founded in 1995 by Rick Lane and Peter Ryan and is headquartered in Chicago, Illinois, operating as a proprietary trading firm specializing in derivatives, particularly options and futures, across major U.S. exchanges like the CME and CBOE. With a workforce of around 350-400 employees, CTC leverages advanced technology and quantitative strategies to provide liquidity and execute high-volume trades in equities, commodities, and fixed income, evolving from its origins on Chicago’s trading floors to a modern, collaborative office environment. Known for its innovative culture, the firm emphasizes teamwork between traders, quants, and technologists to tackle complex market challenges, maintaining a competitive edge in the fast-paced world of electronic trading. Privately held and low-profile, CTC has grown into a significant player in the financial markets, focusing on integrity, ingenuity, and cutting-edge problem-solving.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$594M |
| 2 |
Microsoft
MSFT
|
+$196M |
| 3 |
Netflix
NFLX
|
+$145M |
| 4 |
Tesla
TSLA
|
+$116M |
| 5 |
Broadcom
AVGO
|
+$66.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$118M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$106M |
| 3 |
Strategy Inc
MSTR
|
+$94.9M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$89.5M |
| 5 |
NVIDIA
NVDA
|
+$73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99.26% |
| 2 | Technology | 0.36% |
| 3 | Communication Services | 0.19% |
| 4 | Consumer Discretionary | 0.14% |
| 5 | Financials | 0.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$803B
| $44B | 22.06% |
660,808
-64,998,992
| -99% | -$41.7B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$803B
| $25.5B | 12.75% |
382,055
-40,988,545
| -99% | -$26.3B |
|
|
3
PUT
Invesco QQQ Trust
QQQ
$477B
| $16.8B | 8.4% |
279,331
-21,899,369
| -99% | -$12.5B |
|
|
4
CALL
Invesco QQQ Trust
QQQ
$477B
| $14B | 7.04% |
233,923
-22,653,077
| -99% | -$13B |
|
|
5
CALL
Tesla
TSLA
$1.42T
| $9.03B | 4.52% |
202,957
-19,350,343
| -99% | -$6.71B |
|
6
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.1B
| $8.39B | 4.2% |
383,873
-7,755,527
| -95% | -$625M |
|
|
7
PUT
Tesla
TSLA
$1.42T
| $6.41B | 3.21% |
144,063
-14,991,537
| -99% | -$5.2B |
|
8
CALL
SPDR Gold Trust
GLD
$145B
| $6.35B | 3.18% |
178,631
-13,939,469
| -99% | -$4.44B |
|
|
9
CALL
NVIDIA
NVDA
$5.09T
| $5.49B | 2.75% |
294,230
-25,760,770
| -99% | -$4.49B |
|
|
10
PUT
SPDR Gold Trust
GLD
$145B
| $5.27B | 2.64% |
148,175
-11,092,125
| -99% | -$3.53B |
|
|
11
PUT
NVIDIA
NVDA
$5.09T
| $4.82B | 2.42% |
258,565
-20,926,735
| -99% | -$3.65B |
|
|
12
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.1B
| $4.5B | 2.26% |
193,419
-727,281
| -79% | -$58.6M |
|
|
13
PUT
Strategy Inc
MSTR
$54.4B
| $3.72B | 1.86% |
115,458
-8,777,842
| -99% | -$3.26B |
|
|
14
CALL
Strategy Inc
MSTR
$54.4B
| $3.59B | 1.8% |
111,426
-8,216,574
| -99% | -$3.05B |
|
|
15
CALL
Alphabet (Google) Class C
GOOG
$4.23T
| $2.64B | 1.32% |
108,489
-3,662,811
| -97% | -$770M |
|
|
16
PUT
Alphabet (Google) Class C
GOOG
$4.23T
| $2.54B | 1.27% |
104,494
-2,860,006
| -96% | -$601M |
|
17
CALL
Meta Platforms (Facebook)
META
$1.7T
| $2.43B | 1.22% |
33,046
-2,824,954
| -99% | -$2.1B |
|
|
18
PUT
Microsoft
MSFT
$3.75T
| $2.23B | 1.12% |
43,115
-3,627,285
| -99% | -$1.85B |
|
|
19
CALL
Microsoft
MSFT
$3.75T
| $2.15B | 1.08% |
41,500
-4,293,000
| -99% | -$2.19B |
|
20
CALL
Apple
AAPL
$4.86T
| $2.14B | 1.07% |
83,877
-6,158,823
| -99% | -$1.39B |
|
|
21
PUT
Meta Platforms (Facebook)
META
$1.7T
| $2.09B | 1.05% |
28,458
-2,476,142
| -99% | -$1.84B |
|
|
22
PUT
Apple
AAPL
$4.86T
| $1.75B | 0.88% |
68,589
-4,840,611
| -99% | -$1.09B |
|
23
CALL
Amazon
AMZN
$2.73T
| $1.53B | 0.77% |
69,828
-4,693,672
| -99% | -$1.06B |
|
24
CALL
iShares Silver Trust
SLV
$30.6B
| $1.48B | 0.74% |
348,694
-23,314,606
| -99% | -$837M |
|
|
25
PUT
Amazon
AMZN
$2.73T
| $1.36B | 0.68% |
61,781
-4,370,519
| -99% | -$989M |
|
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CTC (Chicago Trading Company)'s Q3 2025 Portfolio in Review
As of Q3 2025, CTC (Chicago Trading Company) held 174 positions worth $200B, up 18% from $169B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
CTC (Chicago Trading Company)'s Q3 2025 filing shows 9 new, 18 increased, 135 reduced and 12 closed positions. Its largest new stake was Microsoft: 384,623 shares worth $199M. The largest sale was Invesco QQQ Trust, an estimated $118M.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 99% a quarter earlier, followed by Technology and Communication Services.
- CTC (Chicago Trading Company)'s largest Q3 2025 buy was Microsoft: 384,623 shares worth $199M.
- CTC (Chicago Trading Company) added most to State Street SPDR S&P 500 ETF Trust in Q3 2025, an estimated $594M increase.
- CTC (Chicago Trading Company)'s biggest Q3 2025 reduction was Invesco QQQ Trust, cutting an estimated $118M.
- CTC (Chicago Trading Company) fully exited Alphabet (Google) Class C in Q3 2025, selling an estimated $89.5M.
- CTC (Chicago Trading Company)'s ten largest holdings make up 71% of its $200B portfolio in Q3 2025.
- CTC (Chicago Trading Company) opened 9 new positions and closed 12 in Q3 2025.
- CTC (Chicago Trading Company)'s portfolio value rose 18% quarter-over-quarter to $200B.
Based on CTC (Chicago Trading Company)'s 13F filing for Q3 2025, filed 15 Dec 2025.