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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
TCMD icon
8076
CALL
Tactile Systems Technology
TCMD
$620M
$2K ﹤0.01%
200
-2,300
-92% -$36.2K
TG icon
8077
CALL
Tredegar Corp
TG
$268M
$2K ﹤0.01%
+300
New +$2.31K
TNYA icon
8078
Tenaya Therapeutics
TNYA
$168M
$2K ﹤0.01%
5,221
-43,047
-89% -$42.5K
TOUR
8079
CALL
Tuniu
TOUR
$55.4M
$2K ﹤0.01%
200
-50
-20% -$515
TRAK icon
8080
PUT
ReposiTrak
TRAK
$148M
$2K ﹤0.01%
100
-2,400
-96% -$49.6K
TRUE
8081
CALL
DELISTED
TrueCar
TRUE
$2K ﹤0.01%
+1,400
New +$3.88K
TRVG
8082
PUT
trivago
TRVG
$386M
$2K ﹤0.01%
600
+100
+20% +$368
TSLX icon
8083
PUT
Sixth Street Specialty
TSLX
$1.59B
$2K ﹤0.01%
+100
New +$2.23K
TTSH
8084
DELISTED
Tile Shop Holdings
TTSH
$2K ﹤0.01%
408
+396
+3,300% +$2.78K
UBX
8085
CALL
DELISTED
Unity Biotechnology
UBX
$2K ﹤0.01%
2,400
-4,500
-65% -$8.13K
UBX
8086
PUT
DELISTED
Unity Biotechnology
UBX
$2K ﹤0.01%
+2,100
New +$3.79K
UONEK icon
8087
CALL
Urban One Class D
UONEK
$22.9M
$2K ﹤0.01%
+160
New +$1.26K
UP icon
8088
PUT
Wheels Up
UP
$220M
$2K ﹤0.01%
100
-740
-88% -$20.4K
USAU icon
8089
PUT
US Gold Corp
USAU
$220M
$2K ﹤0.01%
+300
New +$2.49K
VANI icon
8090
PUT
Vivani Medical
VANI
$110M
$2K ﹤0.01%
2,300
-17,300
-88% -$19.9K
VGZ icon
8091
PUT
Vista Gold
VGZ
$253M
$2K ﹤0.01%
+3,000
New +$1.99K
VINP icon
8092
PUT
Vinci Compass Investments Ltd
VINP
$623M
$2K ﹤0.01%
+200
New +$2.01K
VLN icon
8093
PUT
Valens Semiconductor
VLN
$176M
$2K ﹤0.01%
1,000
-600
-38% -$1.49K
VLRS
8094
CALL
Controladora Vuela Compania de Aviacion
VLRS
$876M
$2K ﹤0.01%
+400
New +$2.87K
VTEX icon
8095
PUT
VTEX
VTEX
$665M
$2K ﹤0.01%
+500
New +$2.84K
VTGN icon
8096
CALL
VistaGen Therapeutics
VTGN
$9.29M
$2K ﹤0.01%
1,100
-15,000
-93% -$42.5K
VTOL icon
8097
Bristow Group
VTOL
$1.35B
$2K ﹤0.01%
+81
New +$2.78K
VTYX
8098
DELISTED
Ventyx Biosciences
VTYX
$2K ﹤0.01%
2,513
-147,041
-98% -$252K
WAFD icon
8099
CALL
WaFd
WAFD
$2.72B
$2K ﹤0.01%
100
-600
-86% -$17.8K
WHF icon
8100
PUT
WhiteHorse Finance
WHF
$141M
$2K ﹤0.01%
300
-100
-25% -$1.03K

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.