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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
BRLT icon
8151
Brilliant Earth
BRLT
$18.5M
$1K ﹤0.01%
904
-482
-35% -$785
BRT
8152
CALL
BRT Apartments
BRT
$282M
$1K ﹤0.01%
100
-900
-90% -$15.9K
BSET icon
8153
CALL
Bassett Furniture
BSET
$169M
$1K ﹤0.01%
100
BV icon
8154
BrightView Holdings
BV
$1.31B
$1K ﹤0.01%
153
+142
+1,291% +$2.03K
BWEN icon
8155
CALL
Broadwind
BWEN
$113M
$1K ﹤0.01%
900
-2,300
-72% -$3.85K
BWET icon
8156
PUT
Breakwave Tanker Shipping ETF
BWET
$30.1M
$1K ﹤0.01%
300
-500
-63% -$5.53K
CAF
8157
Morgan Stanley China A Share Fund
CAF
$334M
$1K ﹤0.01%
+91
New +$1.16K
CAPT
8158
CALL
DELISTED
Captivision
CAPT
$1K ﹤0.01%
+2,900
New +$1.56K
CATX icon
8159
PUT
Perspective Therapeutics
CATX
$332M
$1K ﹤0.01%
700
+100
+17% +$300
CBUS icon
8160
PUT
Cibus
CBUS
$130M
$1K ﹤0.01%
+900
New +$2.11K
CHRS icon
8161
Coherus Oncology
CHRS
$217M
$1K ﹤0.01%
+1,348
New +$1.55K
CLAR icon
8162
PUT
Clarus
CLAR
$125M
$1K ﹤0.01%
500
-16,500
-97% -$74K
CLFD icon
8163
Clearfield
CLFD
$421M
$1K ﹤0.01%
+39
New +$1.3K
CMBM
8164
DELISTED
Cambium Networks
CMBM
$1K ﹤0.01%
+2,044
New +$2K
CMCM
8165
Cheetah Mobile
CMCM
$88.8M
$1K ﹤0.01%
456
+52
+13% +$257
CNDT icon
8166
CALL
Conduent
CNDT
$230M
$1K ﹤0.01%
700
-242,800
-100% -$887K
CNTA
8167
PUT
DELISTED
Centessa Pharmaceuticals
CNTA
$1K ﹤0.01%
+100
New +$1.64K
CNTY icon
8168
Century Casinos
CNTY
$32.9M
$1K ﹤0.01%
848
-1,483
-64% -$4.03K
CODI icon
8169
PUT
Compass Diversified
CODI
$755M
$1K ﹤0.01%
100
-200
-67% -$4.13K
COHU icon
8170
CALL
Cohu
COHU
$2.39B
$1K ﹤0.01%
100
-100
-50% -$2.08K
CRBP icon
8171
CALL
Corbus Pharmaceuticals
CRBP
$170M
$1K ﹤0.01%
200
-5,200
-96% -$45.9K
CSTL icon
8172
Castle Biosciences
CSTL
$749M
$1K ﹤0.01%
97
-2,967
-97% -$73.5K
CTMX icon
8173
CALL
CytomX Therapeutics
CTMX
$705M
$1K ﹤0.01%
1,600
-21,900
-93% -$17K
CTXR icon
8174
Citius Pharmaceuticals
CTXR
$14.3M
$1K ﹤0.01%
966
-754
-44% -$1.8K
CUE icon
8175
PUT
Cue Biopharma
CUE
$135M
$1K ﹤0.01%
+37
New +$1.37K

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.