Marex Group Portfolio holdings
Marex Group is a British financial services firm that gives clients access to commodity and financial markets, and serves commodity producers and consumers, banks, hedge funds and asset managers. It began in 2005 as Marex Financial, an independent broker of derivatives and foreign exchange, set up by a fund managed by Marathon Asset Management after Marex's former parent, Refco, collapsed. It became Marex Spectron after buying the energy broker Spectron Group in 2011, and shortened its name to Marex in 2021. Acquisitions along the way include the London trading firm CSC Commodities in 2019, and it listed on the Nasdaq stock exchange in April 2024.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$281M |
| 2 |
Booking.com
BKNG
|
+$169M |
| 3 |
Humana
HUM
|
+$76.2M |
| 4 |
Rigetti Computing
RGTI
|
+$74.6M |
| 5 |
Strategy Inc
MSTR
|
+$74.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$359M |
| 2 |
Coinshares Bitcoin ETF
BRRR
|
+$210M |
| 3 |
NVIDIA
NVDA
|
+$157M |
| 4 |
Broadcom
AVGO
|
+$123M |
| 5 |
Netflix
NFLX
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 55.89% |
| 2 | Technology | 15.53% |
| 3 | Financials | 8.74% |
| 4 | Consumer Discretionary | 7.67% |
| 5 | Healthcare | 7.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
PUT
Strategy Inc
MSTR
$51.8B
| $1.34B | 11.62% |
+3,314,100
| New | +$1.21B |
2025 Q2
0 quarters
|
|
|
2
Strategy Inc
MSTR
$51.8B
| $760M | 6.59% |
1,880,145
+203,347
| +12% | +$74.1M |
2024 Q1
5 quarters
|
|
|
3
PUT
Booking.com
BKNG
$119B
| $519M | 4.5% |
+2,242,500
| New | +$459M |
2025 Q2
0 quarters
|
|
|
4
Mastercard
MA
$576B
| $437M | 3.79% |
777,714
+507,608
| +188% | +$281M |
2024 Q2
4 quarters
|
|
|
5
PUT
Mastercard
MA
$576B
| $434M | 3.76% |
+772,000
| New | +$427M |
2025 Q2
0 quarters
|
|
|
6
Booking.com
BKNG
$119B
| $375M | 3.25% |
1,620,275
+824,975
| +104% | +$169M |
2023 Q4
6 quarters
|
|
7
PUT
Tesla
TSLA
$1.54T
| $357M | 3.1% |
+1,124,500
| New | +$339M |
2025 Q2
0 quarters
|
|
|
8
CALL
Tesla
TSLA
$1.54T
| $245M | 2.12% |
+770,000
| New | +$232M |
2025 Q2
0 quarters
|
|
9
Eli Lilly
LLY
$1.28T
| $222M | 1.92% |
284,407
+83,306
| +41% | +$64.7M |
2023 Q2
8 quarters
|
|
|
10
PUT
Eli Lilly
LLY
$1.28T
| $220M | 1.91% |
+282,500
| New | +$220M |
2025 Q2
0 quarters
|
|
11
PUT
Berkshire Hathaway Class B
BRK.B
$1.25T
| $194M | 1.69% |
+400,000
| New | +$203M |
2025 Q2
0 quarters
|
|
|
12
Tesla
TSLA
$1.54T
| $173M | 1.5% |
545,241
-102,994
| -16% | -$31M |
2023 Q4
6 quarters
|
|
13
Intuit
INTU
$91.6B
| $156M | 1.35% |
198,139
+22,832
| +13% | +$15.5M |
2024 Q1
5 quarters
|
|
|
14
PUT
Intuit
INTU
$91.6B
| $154M | 1.33% |
+195,000
| New | +$132M |
2025 Q2
0 quarters
|
|
|
15
CALL
Booking.com
BKNG
$119B
| $145M | 1.26% |
+625,000
| New | +$128M |
2025 Q2
0 quarters
|
|
16
Robinhood
HOOD
$76.2B
| $134M | 1.16% |
1,462,246
+596,998
| +69% | +$35.3M |
2023 Q4
6 quarters
|
|
|
17
NVIDIA
NVDA
$4.2T
| $130M | 1.13% |
824,371
-1,243,874
| -60% | -$157M |
2023 Q4
6 quarters
|
|
|
18
PUT
Netflix
NFLX
$265B
| $121M | 1.05% |
+900,000
| New | +$102M |
2025 Q2
0 quarters
|
|
19
PUT
UnitedHealth
UNH
$361B
| $112M | 0.97% |
+360,000
| New | +$138M |
2025 Q2
0 quarters
|
|
|
20
CALL
Netflix
NFLX
$265B
| $107M | 0.93% |
+800,000
| New | +$90.5M |
2025 Q2
0 quarters
|
|
21
PUT
Microsoft
MSFT
$3.87T
| $102M | 0.89% |
+206,000
| New | +$89.5M |
2025 Q2
0 quarters
|
|
22
CrowdStrike
CRWD
$235B
| $102M | 0.88% |
800,000
-491,208
| -38% | -$53.2M |
2022 Q4
10 quarters
|
|
|
23
PUT
CrowdStrike
CRWD
$235B
| $102M | 0.88% |
+800,000
| New | +$86.7M |
2025 Q2
0 quarters
|
|
|
24
CALL
Microsoft
MSFT
$3.87T
| $101M | 0.88% |
+203,300
| New | +$88.3M |
2025 Q2
0 quarters
|
|
|
25
Berkshire Hathaway Class B
BRK.B
$1.25T
| $101M | 0.88% |
207,826
+94,245
| +83% | +$47.9M |
2024 Q2
4 quarters
|
|
Similar funds
Marex Group's Q2 2025 Portfolio in Review
As of Q2 2025, Marex Group held 980 positions worth $11.5B, up 121% from $5.22B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Marex Group withdrew a net $796M in Q2 2025, closing 338 positions and reducing 168 holdings. Its most notable exit was Coinshares Bitcoin ETF, an estimated $210M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, up from 15% a quarter earlier, followed by Technology and Financials.
Against the trend, Marex Group opened a new position in Humana worth $74.7M.
- Marex Group's largest Q2 2025 buy was Humana: 305,720 shares worth $74.7M.
- Marex Group added most to Mastercard in Q2 2025, an estimated $281M increase.
- Marex Group's biggest Q2 2025 reduction was iShares Bitcoin Trust, cutting an estimated $359M.
- Marex Group fully exited Coinshares Bitcoin ETF in Q2 2025, selling an estimated $210M.
- Marex Group's ten largest holdings make up 43% of its $11.5B portfolio in Q2 2025.
- Marex Group opened 297 new positions and closed 338 in Q2 2025.
- Marex Group's portfolio value rose 121% quarter-over-quarter to $11.5B.
Based on Marex Group's 13F filing for Q2 2025, filed 19 Aug 2025.