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RCMU
Rokos Capital Management (UK) Portfolio holdings
AUM
$26.8B
1-Year Est. Return
90.85%
This Fund
S&P 500
This Quarter
Est. Return
+13.45%
1 Year Est. Return
+90.85%
3 Year Est. Return
+227.35%
5 Year Est. Return
+202.98%
10 Year Est. Return
–
AUM
$25.7B
AUM Growth
+$2.39B
(+10%)
Cap. Flow
-$1.83B
Cap. Flow
% of AUM
-7.12%
Top 10 Holdings %
Top 10 Hldgs %
70.19%
Holding
208
New
51
Increased
23
Reduced
48
Closed
57
Avg Time Held Equity + Options
1.9
quarters
Top 10 Avg Time Held Equity + Options
1.5
quarters
Top 20 Avg Time Held Equity + Options
2.3
quarters
Avg Time Held Equity only
1.8
quarters
Top 10 Avg Time Held Equity only
2.8
quarters
Top 20 Avg Time Held Equity only
2.9
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$248M |
| 2 |
iShares MSCI Brazil ETF
EWZ
|
+$185M |
| 3 |
CrowdStrike
CRWD
|
+$110M |
| 4 |
Morgan Stanley
MS
|
+$99M |
| 5 |
EQT Corp
EQT
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$780M |
| 2 |
Microsoft
MSFT
|
+$589M |
| 3 |
Goldman Sachs
GS
|
+$247M |
| 4 |
Capital One
COF
|
+$215M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 77.5% |
| 2 | Technology | 9.18% |
| 3 | Communication Services | 6.02% |
| 4 | Consumer Discretionary | 1.91% |
| 5 | Financials | 1.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
PUT
Invesco QQQ Trust
QQQ
$502B
| $9.3B | 36.23% |
15,135,000
+5,435,000
| +56% | +$3.34B |
2024 Q4
4 quarters
|
|
|
2
CALL
Invesco QQQ Trust
QQQ
$502B
| $3.84B | 14.97% |
6,255,000
+955,000
| +18% | +$586M |
2024 Q4
4 quarters
|
|
3
Alphabet (Google) Class A
GOOGL
$4.3T
| $1.28B | 5% |
4,098,395
+110,809
| +3% | +$31.7M |
2024 Q2
6 quarters
|
|
|
4
CALL
NVIDIA
NVDA
$5.54T
| $738M | 2.88% |
3,957,400
-360,396
| -8% | -$67.1M |
2024 Q4
4 quarters
|
|
|
5
CALL
iShares MSCI Brazil ETF
EWZ
$12.1B
| $683M | 2.66% |
21,500,000
+4,300,000
| +25% | +$136M |
2024 Q4
4 quarters
|
|
|
6
PUT
Alphabet (Google) Class A
GOOGL
$4.3T
| $626M | 2.44% |
+2,000,000
| New | +$571M |
2025 Q4
0 quarters
|
|
|
7
Invesco QQQ Trust
QQQ
$502B
| $419M | 1.63% |
682,056
-276,846
| -29% | -$170M |
2025 Q2
2 quarters
|
|
8
CALL
Oracle
ORCL
$429B
| $401M | 1.56% |
2,056,800
+370,000
| +22% | +$88.1M |
2025 Q2
2 quarters
|
|
9
Broadcom
AVGO
$1.73T
| $395M | 1.54% |
1,139,796
+224,098
| +24% | +$80.1M |
2024 Q2
6 quarters
|
|
10
Amazon
AMZN
$2.83T
| $329M | 1.28% |
1,426,909
-531,937
| -27% | -$122M |
2022 Q4
12 quarters
|
|
|
11
PUT
Oracle
ORCL
$429B
| $323M | 1.26% |
1,656,800
-30,000
| -2% | -$7.14M |
2025 Q2
2 quarters
|
|
|
12
Microsoft
MSFT
$3.97T
| $285M | 1.11% |
590,275
-1,175,526
| -67% | -$589M |
2022 Q1
15 quarters
|
|
13
CALL
State Street Financial Select Sector SPDR ETF
XLF
$50.9B
| $257M | 1% |
+4,700,000
| New | +$250M |
2025 Q4
0 quarters
|
|
|
14
State Street Health Care Select Sector SPDR ETF
XLV
$43.9B
| $257M | 1% |
+1,657,495
| New | +$248M |
2025 Q4
0 quarters
|
|
15
CALL
iShares Russell 2000 ETF
IWM
$78.5B
| $246M | 0.96% |
+1,000,000
| New | +$246M |
2025 Q4
0 quarters
|
|
16
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.2B
| $235M | 0.91% |
1,925,000
+425,000
| +28% | +$48.7M |
2025 Q3
1 quarter
|
|
17
CALL
Advanced Micro Devices
AMD
$993B
| $234M | 0.91% |
1,092,000
+957,000
| +709% | +$215M |
2025 Q2
2 quarters
|
|
|
18
iShares MSCI Brazil ETF
EWZ
$12.1B
| $201M | 0.78% |
6,316,451
+5,851,923
| +1,260% | +$185M |
2025 Q1
3 quarters
|
|
|
19
NVIDIA
NVDA
$5.54T
| $199M | 0.78% |
1,067,897
-4,192,595
| -80% | -$780M |
2023 Q4
8 quarters
|
|
20
PUT
Micron Technology
MU
$1.16T
| $196M | 0.77% |
688,000
+525,000
| +322% | +$120M |
2025 Q2
2 quarters
|
|
21
Apple
AAPL
$4.91T
| $175M | 0.68% |
643,312
+26,923
| +4% | +$7.23M |
2025 Q3
1 quarter
|
|
|
22
PUT
Advanced Micro Devices
AMD
$993B
| $175M | 0.68% |
+817,000
| New | +$183M |
2025 Q4
0 quarters
|
|
|
23
Micron Technology
MU
$1.16T
| $163M | 0.63% |
569,743
-417,425
| -42% | -$95.8M |
2024 Q4
4 quarters
|
|
|
24
PUT
NVIDIA
NVDA
$5.54T
| $159M | 0.62% |
850,000
-2,550,000
| -75% | -$475M |
2025 Q2
2 quarters
|
|
25
Meta Platforms (Facebook)
META
$1.83T
| $138M | 0.54% |
208,552
-198,610
| -49% | -$133M |
2024 Q1
7 quarters
|
|
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Rokos Capital Management (UK)'s Q4 2025 Portfolio in Review
As of Q4 2025, Rokos Capital Management (UK) held 208 positions worth $25.7B, up 10% from $23.3B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Rokos Capital Management (UK) withdrew a net $1.83B in Q4 2025, closing 57 positions and reducing 48 holdings. Its most notable exit was Western Digital, an estimated $132M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 78% of assets, up from 69% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Rokos Capital Management (UK) opened a new position in State Street Health Care Select Sector SPDR ETF worth $257M.
- Rokos Capital Management (UK)'s largest Q4 2025 buy was State Street Health Care Select Sector SPDR ETF: 1,657,495 shares worth $257M.
- Rokos Capital Management (UK) added most to iShares MSCI Brazil ETF in Q4 2025, an estimated $185M increase.
- Rokos Capital Management (UK)'s biggest Q4 2025 reduction was NVIDIA, cutting an estimated $780M.
- Rokos Capital Management (UK) fully exited Western Digital in Q4 2025, selling an estimated $132M.
- Rokos Capital Management (UK)'s ten largest holdings make up 70% of its $25.7B portfolio in Q4 2025.
- Rokos Capital Management (UK) opened 51 new positions and closed 57 in Q4 2025.
- Rokos Capital Management (UK)'s portfolio value rose 10% quarter-over-quarter to $25.7B.
Based on Rokos Capital Management (UK)'s 13F filing for Q4 2025, filed 13 Feb 2026.