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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
SKIN icon
7476
SkinHealth Systems
SKIN
$94.9M
$6K ﹤0.01%
4,550
-15,135
-77% -$23.1K
SLVM icon
7477
CALL
Sylvamo
SLVM
$1.52B
$6K ﹤0.01%
100
SMBC icon
7478
Southern Missouri Bancorp
SMBC
$855M
$6K ﹤0.01%
+118
New +$6.66K
SNCY
7479
CALL
DELISTED
Sun Country Airlines
SNCY
$6K ﹤0.01%
500
-400
-44% -$6.19K
SPHQ icon
7480
Invesco S&P 500 Quality ETF
SPHQ
$19.4B
$6K ﹤0.01%
+100
New +$6.85K
SSB icon
7481
SouthState Bank Corp
SSB
$10.3B
$6K ﹤0.01%
73
-227
-76% -$22.3K
SWIM icon
7482
PUT
Latham Group
SWIM
$646M
$6K ﹤0.01%
1,000
-1,100
-52% -$7.4K
TERN
7483
PUT
DELISTED
Terns Pharmaceuticals
TERN
$6K ﹤0.01%
2,500
-3,400
-58% -$13.9K
THCH icon
7484
TH International
THCH
$52.9M
$6K ﹤0.01%
+2,310
New +$7.23K
THRY icon
7485
Thryv Holdings
THRY
$169M
$6K ﹤0.01%
479
-200
-29% -$3.31K
TIGO icon
7486
CALL
Millicom
TIGO
$15.8B
$6K ﹤0.01%
+200
New +$5.51K
TRNO icon
7487
CALL
Terreno Realty
TRNO
$7.68B
$6K ﹤0.01%
+100
New +$6.49K
TSE
7488
DELISTED
Trinseo
TSE
$6K ﹤0.01%
1,753
-18,763
-91% -$85.4K
TSE
7489
PUT
DELISTED
Trinseo
TSE
$6K ﹤0.01%
1,800
+700
+64% +$3.19K
TSLX icon
7490
CALL
Sixth Street Specialty
TSLX
$1.59B
$6K ﹤0.01%
300
-2,600
-90% -$57.9K
UGA icon
7491
United States Gasoline Fund
UGA
$142M
$6K ﹤0.01%
102
-1,055
-91% -$66.8K
UGA icon
7492
PUT
United States Gasoline Fund
UGA
$142M
$6K ﹤0.01%
100
-47,600
-100% -$3.01M
VTGN icon
7493
VistaGen Therapeutics
VTGN
$9.29M
$6K ﹤0.01%
2,402
-191
-7% -$541
XFOR icon
7494
CALL
X4 Pharmaceuticals
XFOR
$363M
$6K ﹤0.01%
11,393
+7,556
+197% +$104K
XGN icon
7495
CALL
Exagen
XGN
$113M
$6K ﹤0.01%
+1,800
New +$6.79K
ZWS icon
7496
CALL
Zurn Elkay Water Solutions
ZWS
$8.07B
$6K ﹤0.01%
200
-13,600
-99% -$490K
MTUS icon
7497
CALL
Metallus
MTUS
$873M
$6K ﹤0.01%
500
CRSH
7498
YieldMax Short TSLA Option Income Strategy ETF
CRSH
$18.5M
$6K ﹤0.01%
93
+60
+182% +$4.01K
KQQQ
7499
CALL
Kurv Technology Titans Select ETF
KQQQ
$122M
$6K ﹤0.01%
+300
New +$7.82K
SEG
7500
PUT
Seaport Entertainment Group
SEG
$333M
$6K ﹤0.01%
+300
New +$7.33K

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.