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Simplex Trading

Simplex Trading Portfolio holdings

AUM $149B
1-Year Est. Return 62.07%
 

Simplex Trading, founded in 2004 and headquartered in Chicago, Illinois, is a technology-driven proprietary trading firm specializing in market-making and liquidity provision, primarily in U.S. equity options and futures options. Leveraging advanced proprietary software and data-driven analysis, the firm optimizes trading strategies and develops innovative solutions to capitalize on financial market opportunities, maintaining a competitive edge through automation and a collaborative team of technologists and traders. With a workforce exceeding 300 and led by CEO Erik Swanson since 2014, Simplex operates with a low-ego, high-intelligence culture, focusing on minimal bureaucracy and rapid execution, while also making strategic venture capital investments in fintech startups. Recognized as a top workplace in Chicago by Built In’s 2025 awards, Simplex continues to evolve, blending cutting-edge technology with a commitment to market efficiency and growth.

This Fund
S&P 500
This Quarter Est. Return
-4.36%
1 Year Est. Return
+62.07%
3 Year Est. Return
+116.86%
5 Year Est. Return
+116.02%
10 Year Est. Return
+774.44%
AUM
$156B
AUM Growth
-$22.4B
Cap. Flow
-$7.93B
Cap. Flow %
-5.08%
Top 10 Hldgs %
50.56%
Holding
10,070
New
1,566
Increased
3,139
Reduced
3,654
Closed
1,547

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$518M
2
MSTR icon
Strategy Inc
MSTR
+$81.2M
3
BABA icon
Alibaba
BABA
+$66.7M
4
AMD icon
Advanced Micro Devices
AMD
+$44.3M
5
UBER icon
Uber
UBER
+$41.3M

Sector Composition

Rank Sector Weight
1 Technology 0.41%
2 Consumer Discretionary 0.22%
3 Healthcare 0.17%
4 Communication Services 0.15%
5 Financials 0.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
DBO icon
7226
Invesco DB Oil Fund
DBO
$388M
$8K ﹤0.01%
+625
New +$8.98K
DCBO
7227
CALL
Docebo
DCBO
$512M
$8K ﹤0.01%
300
+100
+50% +$3.78K
DNB
7228
PUT
DELISTED
Dun & Bradstreet
DNB
$8K ﹤0.01%
+900
New +$9.21K
FFWM
7229
PUT
DELISTED
First Foundation Inc
FFWM
$8K ﹤0.01%
1,600
-12,200
-88% -$65.4K
FNKO icon
7230
Funko
FNKO
$341M
$8K ﹤0.01%
1,196
-69,431
-98% -$807K
FTK icon
7231
PUT
Flotek Industries
FTK
$881M
$8K ﹤0.01%
+1,000
New +$8.64K
FULC icon
7232
Fulcrum Therapeutics
FULC
$249M
$8K ﹤0.01%
3,026
-7,429
-71% -$27.3K
GHI icon
7233
PUT
Greystone Housing Impact Investors LP
GHI
$126M
$8K ﹤0.01%
700
-1,200
-63% -$14.8K
GNE icon
7234
Genie Energy
GNE
$378M
$8K ﹤0.01%
+597
New +$8.71K
HOLO icon
7235
CALL
MicroCloud Hologram
HOLO
$37.8M
$8K ﹤0.01%
+995
New +$59.8K
HRZN icon
7236
Horizon Technology Finance
HRZN
$296M
$8K ﹤0.01%
887
-2,478
-74% -$23.2K
HYLN icon
7237
CALL
Hyliion Holdings
HYLN
$679M
$8K ﹤0.01%
6,300
-52,000
-89% -$103K
FNUC
7238
Frontier Nuclear and Minerals Inc
FNUC
$45M
$8K ﹤0.01%
+1,213
New +$10.6K
LTRX icon
7239
PUT
Lantronix
LTRX
$244M
$8K ﹤0.01%
3,400
+2,400
+240% +$7.74K
MCS icon
7240
PUT
Marcus Corp
MCS
$752M
$8K ﹤0.01%
+500
New +$9.66K
MDU icon
7241
CALL
MDU Resources
MDU
$4.36B
$8K ﹤0.01%
3,400
-400
-11% -$6.91K
MIST icon
7242
PUT
Milestone Pharmaceuticals
MIST
$139M
$8K ﹤0.01%
10,000
+5,900
+144% +$11.7K
MMSI icon
7243
Merit Medical Systems
MMSI
$4.54B
$8K ﹤0.01%
78
-432
-85% -$44.6K
NEWP
7244
New Pacific Metals
NEWP
$857M
$8K ﹤0.01%
7,956
+5,174
+186% +$6.15K
NWPX icon
7245
PUT
NWPX Infrastructure Inc
NWPX
$1.24B
$8K ﹤0.01%
+200
New +$9.29K
OPBK icon
7246
CALL
OP Bancorp
OPBK
$231M
$8K ﹤0.01%
700
+200
+40% +$2.74K
ORLA
7247
PUT
Orla Mining
ORLA
$3.56B
$8K ﹤0.01%
900
-1,500
-63% -$10.7K
OUT icon
7248
PUT
Outfront Media
OUT
$5.68B
$8K ﹤0.01%
500
+12
+2% +$214
PFLT icon
7249
PUT
PennantPark Floating Rate Capital
PFLT
$693M
$8K ﹤0.01%
800
-1,100
-58% -$12.3K
PI icon
7250
Impinj
PI
$3.97B
$8K ﹤0.01%
+98
New +$11K

Similar funds

Simplex Trading's Q1 2025 Portfolio in Review

As of Q1 2025, Simplex Trading held 10,070 positions worth $156B, down 13% from $179B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Simplex Trading withdrew a net $7.93B in Q1 2025, closing 1,547 positions and reducing 3,654 holdings. Its most notable exit was Alibaba, an estimated $66.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 0.41% of assets, down from 0.68% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Simplex Trading opened a new position in iShares 20+ Year Treasury Bond ETF worth $278M.

  • Simplex Trading's largest Q1 2025 buy was iShares 20+ Year Treasury Bond ETF: 3,057,978 shares worth $278M.
  • Simplex Trading added most to NVIDIA in Q1 2025, an estimated $89.9M increase.
  • Simplex Trading's biggest Q1 2025 reduction was Apple, cutting an estimated $518M.
  • Simplex Trading fully exited Alibaba in Q1 2025, selling an estimated $66.7M.
  • Simplex Trading's ten largest holdings make up 51% of its $156B portfolio in Q1 2025.
  • Simplex Trading opened 1,566 new positions and closed 1,547 in Q1 2025.
  • Simplex Trading's portfolio value fell 13% quarter-over-quarter to $156B.

Based on Simplex Trading's 13F filing for Q1 2025, filed 12 May 2025.