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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
KRO icon
8001
CALL
KRONOS Worldwide
KRO
$761M
$2K ﹤0.01%
300
+100
+50% +$882
KRON
8002
DELISTED
Kronos Bio
KRON
$2K ﹤0.01%
+2,957
New +$2.85K
LECO icon
8003
Lincoln Electric
LECO
$13.8B
$2K ﹤0.01%
+11
New +$2.16K
LEGH icon
8004
CALL
Legacy Housing
LEGH
$630M
$2K ﹤0.01%
+100
New +$2.54K
LFCR icon
8005
PUT
Lifecore Biomedical
LFCR
$162M
$2K ﹤0.01%
300
-100
-25% -$621
LFST icon
8006
PUT
Lifestance Health
LFST
$4.16B
$2K ﹤0.01%
400
-500
-56% -$3.8K
LSEA
8007
PUT
DELISTED
Landsea Homes
LSEA
$2K ﹤0.01%
400
-23,500
-98% -$182K
LXFR icon
8008
CALL
Luxfer Holdings
LXFR
$460M
$2K ﹤0.01%
200
-3,900
-95% -$51.1K
LXRX icon
8009
PUT
Lexicon Pharmaceuticals
LXRX
$1.02B
$2K ﹤0.01%
6,200
+2,800
+82% +$1.77K
LXU icon
8010
LSB Industries
LXU
$881M
$2K ﹤0.01%
+318
New +$2.48K
MAX icon
8011
CALL
MediaAlpha
MAX
$710M
$2K ﹤0.01%
300
-3,700
-93% -$39.5K
MAXI icon
8012
Simplify Exchange Traded Funds Simplify Bitcoin Strategy ETF
MAXI
$25.6M
$2K ﹤0.01%
+101
New +$2.56K
KG
8013
Kestrel Group
KG
$71.3M
$2K ﹤0.01%
181
-48
-21% -$905
MITT
8014
PUT
TPG Mortgage Investment Trust
MITT
$230M
$2K ﹤0.01%
300
MNY icon
8015
PUT
MoneyHero
MNY
$42.3M
$2K ﹤0.01%
3,300
+1,400
+74% +$1.35K
MPB icon
8016
CALL
Mid Penn Bancorp
MPB
$942M
$2K ﹤0.01%
+100
New +$2.82K
MRCC
8017
CALL
DELISTED
Monroe Capital Corp
MRCC
$2K ﹤0.01%
300
MRSN
8018
CALL
DELISTED
Mersana Therapeutics
MRSN
$2K ﹤0.01%
268
-3,672
-93% -$56.7K
MTG icon
8019
PUT
MGIC Investment
MTG
$6.27B
$2K ﹤0.01%
100
-2,900
-97% -$70.2K
MURA
8020
CALL
DELISTED
Mural Oncology
MURA
$2K ﹤0.01%
+2,300
New +$8.39K
NB
8021
PUT
NioCorp Developments
NB
$603M
$2K ﹤0.01%
+1,200
New +$2.41K
NEXN
8022
Nexxen International
NEXN
$547M
$2K ﹤0.01%
+243
New +$2.19K
NHTC icon
8023
PUT
Natural Health Trends
NHTC
$15.4M
$2K ﹤0.01%
400
+100
+33% +$497
NMFC icon
8024
PUT
New Mountain Finance
NMFC
$646M
$2K ﹤0.01%
200
NMRK icon
8025
PUT
Newmark Group
NMRK
$2.73B
$2K ﹤0.01%
+200
New +$2.67K

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.