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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
DH icon
8176
CALL
Definitive Healthcare
DH
$72.1M
$1K ﹤0.01%
400
DMAC icon
8177
DiaMedica Therapeutics
DMAC
$363M
$1K ﹤0.01%
+374
New +$2.14K
DNOW icon
8178
PUT
DNOW Inc
DNOW
$2.63B
$1K ﹤0.01%
+100
New +$1.51K
DSGN icon
8179
Design Therapeutics
DSGN
$736M
$1K ﹤0.01%
263
-4,905
-95% -$23.4K
EATZ
8180
DELISTED
AdvisorShares Restaurant ETF
EATZ
$1K ﹤0.01%
+43
New +$1.23K
ECPG icon
8181
Encore Capital Group
ECPG
$1.93B
$1K ﹤0.01%
+57
New +$2.49K
EEX
8182
CALL
DELISTED
Emerald Holding
EEX
$1K ﹤0.01%
500
ELDN icon
8183
PUT
Eledon Pharmaceuticals
ELDN
$276M
$1K ﹤0.01%
+500
New +$2.06K
ENLV icon
8184
Enlivex Ltd
ENLV
$70.7M
$1K ﹤0.01%
71
-153
-68% -$2.54K
ERAS icon
8185
CALL
Erasca
ERAS
$6.63B
$1K ﹤0.01%
1,000
+400
+67% +$686
ERAS icon
8186
PUT
Erasca
ERAS
$6.63B
$1K ﹤0.01%
800
-6,700
-89% -$11.5K
ESRT icon
8187
CALL
Empire State Realty Trust
ESRT
$976M
$1K ﹤0.01%
200
-23,200
-99% -$209K
EWP icon
8188
iShares MSCI Spain ETF
EWP
$1.98B
$1K ﹤0.01%
28
-35
-56% -$1.22K
EYPT icon
8189
EyePoint Inc
EYPT
$1.02B
$1K ﹤0.01%
360
-8,993
-96% -$62.9K
FAN icon
8190
First Trust Global Wind Energy ETF
FAN
$281M
$1K ﹤0.01%
108
+99
+1,100% +$1.5K
FBRT
8191
PUT
Franklin BSP Realty Trust
FBRT
$601M
$1K ﹤0.01%
+100
New +$1.29K
FCF icon
8192
PUT
First Commonwealth Financial
FCF
$2.12B
$1K ﹤0.01%
+100
New +$1.62K
FENC icon
8193
Fennec Pharmaceuticals
FENC
$347M
$1K ﹤0.01%
+252
New +$1.62K
FENC icon
8194
PUT
Fennec Pharmaceuticals
FENC
$347M
$1K ﹤0.01%
+300
New +$1.93K
FFWM
8195
CALL
DELISTED
First Foundation Inc
FFWM
$1K ﹤0.01%
300
FIGS icon
8196
PUT
FIGS
FIGS
$1.59B
$1K ﹤0.01%
400
-500
-56% -$2.65K
FSP
8197
CALL
Franklin Street Properties
FSP
$44.8M
$1K ﹤0.01%
+900
New +$1.66K
FSP
8198
Franklin Street Properties
FSP
$44.8M
$1K ﹤0.01%
+1,005
New +$1.85K
FTCI icon
8199
PUT
FTC Solar
FTCI
$47.4M
$1K ﹤0.01%
400
-4,200
-91% -$14.8K
FTEK icon
8200
Fuel Tech
FTEK
$48M
$1K ﹤0.01%
+1,208
New +$1.2K

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.