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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
SEPN
9926
Septerna Inc
SEPN
$1.52B
$0 ﹤0.01%
+30
New +$343
CRWL
9927
GraniteShares 2x Long CRWD Daily ETF
CRWL
$44.7M
-1,510
Closed -$35K
MULL
9928
GraniteShares 2x Long MU Daily ETF
MULL
$781M
-50
Closed
TSSI
9929
TSS Inc
TSSI
$275M
-3,328
Closed -$39.6K
ENFY
9930
DELISTED
Enlightify Inc
ENFY
-6,212
Closed -$7.07K
NPKI
9931
CALL
NPK International
NPKI
$1.22B
-6,800
Closed -$52K
ONC
9932
CALL
BeOne Medicines Ltd
ONC
$32.2B
-1,900
Closed -$10K
XYZ
9933
Block Inc
XYZ
$47.8B
-117,078
Closed -$8.74M
QQQH
9934
NEOS Nasdaq-100 Hedged Equity Income ETF
QQQH
$383M
-115
Closed -$5K
QVCGA
9935
DELISTED
QVC Group Inc Series A
QVCGA
-6,148
Closed -$97.7K
QVCGA
9936
PUT
DELISTED
QVC Group Inc Series A
QVCGA
-84
Closed -$1K
WHWK
9937
CALL
Whitehawk Therapeutics
WHWK
$187M
-1,000
Closed -$3K
WHWK
9938
Whitehawk Therapeutics
WHWK
$187M
-558
Closed -$1.46K
WHWK
9939
PUT
Whitehawk Therapeutics
WHWK
$187M
-4,400
Closed -$13K
JOYY
9940
JOYY Inc
JOYY
$3.61B
-22,429
Closed -$1.01M
TVRD
9941
Tvardi Therapeutics
TVRD
$26.8M
-45
Closed
TVRD
9942
PUT
Tvardi Therapeutics
TVRD
$26.8M
-133
Closed -$2K
VIVS
9943
PUT
VivoSim Labs
VIVS
$1.57M
-42
Closed -$1K
HDRO
9944
DELISTED
Defiance Next Gen H2 ETF
HDRO
$0 ﹤0.01%
11
-24
-69% -$773
SPRB
9945
Spruce Biosciences
SPRB
$122M
-65
Closed -$2K
OCEA
9946
DELISTED
Ocean Biomedical, Inc. Common Stock
OCEA
$0 ﹤0.01%
12,933
+11,378
+732% +$2.72K
ENFN
9947
CALL
DELISTED
Enfusion, Inc.
ENFN
-1,100
Closed -$11K
ENFN
9948
PUT
DELISTED
Enfusion, Inc.
ENFN
-2,100
Closed -$21K
PDCO
9949
DELISTED
Patterson Companies, Inc.
PDCO
-4,363
Closed -$135K
ENZ
9950
DELISTED
Enzo Biochem, Inc.
ENZ
$0 ﹤0.01%
2
-272
-99% -$150

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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.