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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
LOCO icon
7826
CALL
El Pollo Loco
LOCO
$485M
$3K ﹤0.01%
300
-31,800
-99% -$359K
LPRO
7827
CALL
Open Lending Corp
LPRO
$373M
$3K ﹤0.01%
1,300
-1,200
-48% -$5.96K
LQDT icon
7828
CALL
Liquidity Services
LQDT
$1.17B
$3K ﹤0.01%
+100
New +$3.33K
MBIN icon
7829
CALL
Merchants Bancorp
MBIN
$2.19B
$3K ﹤0.01%
+100
New +$3.94K
MBUU icon
7830
PUT
Malibu Boats
MBUU
$544M
$3K ﹤0.01%
100
-100
-50% -$3.45K
MCFT icon
7831
PUT
MasterCraft Boat Holdings
MCFT
$588M
$3K ﹤0.01%
200
-3,100
-94% -$56.3K
MDYV icon
7832
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.76B
$3K ﹤0.01%
+45
New +$3.62K
MLPX icon
7833
Global X MLP & Energy Infrastructure ETF
MLPX
$3.68B
$3K ﹤0.01%
+60
New +$3.78K
MNDO icon
7834
Mind CTI
MNDO
$20.6M
$3K ﹤0.01%
1,829
+1,499
+454% +$3.03K
MNTK icon
7835
PUT
Montauk Renewables
MNTK
$266M
$3K ﹤0.01%
+1,800
New +$6.57K
NMIH icon
7836
PUT
NMI Holdings
NMIH
$3.25B
$3K ﹤0.01%
+100
New +$3.64K
NMRA icon
7837
Neumora Therapeutics
NMRA
$276M
$3K ﹤0.01%
3,880
-7,804
-67% -$13.4K
NRDY icon
7838
PUT
Nerdy
NRDY
$107M
$3K ﹤0.01%
+2,600
New +$4.37K
NTCT icon
7839
NETSCOUT
NTCT
$2.86B
$3K ﹤0.01%
+144
New +$3.24K
NTST
7840
PUT
NETSTREIT Corp
NTST
$2.16B
$3K ﹤0.01%
200
+100
+100% +$1.46K
NUS icon
7841
Nu Skin
NUS
$247M
$3K ﹤0.01%
440
+119
+37% +$865
NUVB icon
7842
PUT
Nuvation Bio
NUVB
$2.24B
$3K ﹤0.01%
2,000
-133,200
-99% -$303K
NVDQ icon
7843
T-Rex 2X Inverse NVIDIA Daily Target ETF
NVDQ
$21.6M
$3K ﹤0.01%
41
-1,173
-97% -$75K
NWS icon
7844
News Corp Class B
NWS
$16.4B
$3K ﹤0.01%
+123
New +$3.89K
NX icon
7845
Quanex
NX
$854M
$3K ﹤0.01%
+208
New +$4.4K
OLMA icon
7846
CALL
Olema Pharmaceuticals
OLMA
$1.02B
$3K ﹤0.01%
1,000
-47,000
-98% -$236K
OMEX icon
7847
PUT
Odyssey Marine Exploration
OMEX
$40.4M
$3K ﹤0.01%
8,600
-7,900
-48% -$4.03K
ORN icon
7848
PUT
Orion Group Holdings
ORN
$514M
$3K ﹤0.01%
+700
New +$4.9K
OSPN icon
7849
OneSpan
OSPN
$562M
$3K ﹤0.01%
198
-2,175
-92% -$38.7K
OSS icon
7850
PUT
One Stop Systems
OSS
$309M
$3K ﹤0.01%
1,700
-10,700
-86% -$35.8K

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.