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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
JBI icon
7326
CALL
Janus International
JBI
$726M
$7K ﹤0.01%
+1,000
New +$7.94K
JBI icon
7327
PUT
Janus International
JBI
$726M
$7K ﹤0.01%
+1,000
New +$7.94K
JBSS icon
7328
CALL
John B. Sanfilippo & Son
JBSS
$984M
$7K ﹤0.01%
+100
New +$7.65K
JBSS icon
7329
PUT
John B. Sanfilippo & Son
JBSS
$984M
$7K ﹤0.01%
+100
New +$7.65K
KLXE icon
7330
PUT
KLX Energy Services
KLXE
$44M
$7K ﹤0.01%
2,100
-3,900
-65% -$18.7K
KNDI
7331
CALL
Kandi Technologies Group
KNDI
$65.2M
$7K ﹤0.01%
+5,600
New +$7.22K
LBRDK icon
7332
Liberty Broadband Class C
LBRDK
$4.43B
$7K ﹤0.01%
+92
New +$7.39K
LCUT icon
7333
PUT
Lifetime Brands
LCUT
$205M
$7K ﹤0.01%
+1,600
New +$8.67K
LGO
7334
CALL
Largo
LGO
$61.6M
$7K ﹤0.01%
+4,500
New +$8.12K
LIVN icon
7335
PUT
LivaNova
LIVN
$4.42B
$7K ﹤0.01%
+200
New +$8.97K
LMB icon
7336
PUT
Limbach Holdings
LMB
$872M
$7K ﹤0.01%
100
LOB icon
7337
PUT
Live Oak Bancshares
LOB
$1.94B
$7K ﹤0.01%
300
-1,000
-77% -$33.2K
RJET
7338
Republic Airways Holdings
RJET
$821M
$7K ﹤0.01%
676
+63
+10% +$1.08K
MGNX icon
7339
PUT
MacroGenics
MGNX
$250M
$7K ﹤0.01%
+6,200
New +$16.2K
MRAM icon
7340
PUT
Everspin Technologies
MRAM
$348M
$7K ﹤0.01%
+1,500
New +$8.69K
MVO
7341
CALL
MV Oil Trust
MVO
$6.85M
$7K ﹤0.01%
+1,300
New +$7.94K
MYGN icon
7342
CALL
Myriad Genetics
MYGN
$528M
$7K ﹤0.01%
800
NANR icon
7343
State Street SPDR S&P North American Natural Resources ETF
NANR
$747M
$7K ﹤0.01%
+135
New +$7.3K
NG icon
7344
PUT
NovaGold Resources
NG
$2.63B
$7K ﹤0.01%
2,700
-11,700
-81% -$37.6K
NMIH icon
7345
CALL
NMI Holdings
NMIH
$3.27B
$7K ﹤0.01%
+200
New +$7.27K
NXDT
7346
CALL
NexPoint Diversified Real Estate Trust
NXDT
$281M
$7K ﹤0.01%
1,900
+1,000
+111% +$4.97K
OGS icon
7347
PUT
ONE Gas
OGS
$5.01B
$7K ﹤0.01%
100
-400
-80% -$28.8K
OIS icon
7348
PUT
Oil States International
OIS
$516M
$7K ﹤0.01%
+1,500
New +$7.88K
ORIC icon
7349
CALL
Oric Pharmaceuticals
ORIC
$1.29B
$7K ﹤0.01%
1,300
+800
+160% +$7K
PAM icon
7350
CALL
Pampa Energía
PAM
$4.64B
$7K ﹤0.01%
100
-200
-67% -$16.6K

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.