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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
CTRM icon
7951
PUT
Castor Maritime
CTRM
$18.1M
$2K ﹤0.01%
+1,200
New +$3.14K
CUE icon
7952
Cue Biopharma
CUE
$135M
$2K ﹤0.01%
80
-150
-65% -$5.57K
CXAI icon
7953
CXApp
CXAI
$11.9M
$2K ﹤0.01%
2,242
-50,997
-96% -$71.9K
CZNC icon
7954
CALL
Citizens & Northern Corp
CZNC
$436M
$2K ﹤0.01%
+100
New +$2.04K
DAIO icon
7955
CALL
Data I/O
DAIO
$32M
$2K ﹤0.01%
1,100
DAO
7956
PUT
Youdao
DAO
$1.85B
$2K ﹤0.01%
+300
New +$2.47K
DFIN icon
7957
Donnelley Financial Solutions
DFIN
$1.21B
$2K ﹤0.01%
+52
New +$2.88K
DIG icon
7958
ProShares Ultra Energy
DIG
$71.1M
$2K ﹤0.01%
70
-55
-44% -$2.17K
DLHC icon
7959
PUT
DLH Holdings
DLHC
$73.8M
$2K ﹤0.01%
500
-2,700
-84% -$16.5K
DNTH icon
7960
Dianthus Therapeutics
DNTH
$5.68B
$2K ﹤0.01%
+111
New +$2.45K
DOC icon
7961
Healthpeak Properties
DOC
$15.4B
$2K ﹤0.01%
133
-26,720
-100% -$540K
EGAN icon
7962
CALL
eGain
EGAN
$176M
$2K ﹤0.01%
+600
New +$3.4K
ELMD icon
7963
CALL
Electromed
ELMD
$318M
$2K ﹤0.01%
+100
New +$2.92K
ELMD icon
7964
PUT
Electromed
ELMD
$318M
$2K ﹤0.01%
+100
New +$2.92K
EMX
7965
CALL
DELISTED
EMX Royalty
EMX
$2K ﹤0.01%
1,100
-7,200
-87% -$13K
ENLV icon
7966
CALL
Enlivex Ltd
ENLV
$70.7M
$2K ﹤0.01%
147
+67
+84% +$1.11K
ENTA icon
7967
CALL
Enanta Pharmaceuticals
ENTA
$372M
$2K ﹤0.01%
+400
New +$2.47K
ENTA icon
7968
PUT
Enanta Pharmaceuticals
ENTA
$372M
$2K ﹤0.01%
+500
New +$3.09K
EPSN icon
7969
CALL
Epsilon Energy
EPSN
$176M
$2K ﹤0.01%
+300
New +$1.96K
EPSN icon
7970
PUT
Epsilon Energy
EPSN
$176M
$2K ﹤0.01%
300
ETD icon
7971
PUT
Ethan Allen Interiors
ETD
$581M
$2K ﹤0.01%
100
-1,400
-93% -$39.9K
FDUS icon
7972
PUT
Fidus Investment
FDUS
$737M
$2K ﹤0.01%
100
-300
-75% -$6.58K
FIP icon
7973
PUT
FTAI Infrastructure
FIP
$500M
$2K ﹤0.01%
+500
New +$3.12K
FLL icon
7974
CALL
Full House Resorts
FLL
$84.5M
$2K ﹤0.01%
700
-200
-22% -$946
FORR icon
7975
Forrester Research
FORR
$172M
$2K ﹤0.01%
+222
New +$2.82K

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.