§ 13F · FUND PROFILE
CAPITAL FUND MANAGEMENT S.A..
Quantitative systematic, French quant firm
AUM · $38.2B (13F)Positions · 2407Turnover · 55% · Q1Filed · May 14, 2026
CONCENTRATION
9%
Top 10 holdings
NEW BUYS
+142
+$543M deployed
EXITS
0
No exits
SECTOR SHIFT
FINANCIAL SERVICES → OTHER
-3pp · +4pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 14, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | AAPL | APPLE INC COM | 1.10M | $279M | 1.3% | −34% |
| 2 | MSFT | MICROSOFT CORP COM | 686K | $254M | 1.1% | +130% |
| 3 | TSLA | TESLA INC COM | 663K | $247M | 1.1% | −15% |
| 4 | MU | MICRON TECHNOLOGY INC COM | 697K | $236M | 1.1% | −31% |
| 5 | CVX | CHEVRON CORPORATION COM | 1.06M | $220M | 1.0% | +28% |
| 6 | AMZN | AMAZON COM INC COM | 873K | $182M | 0.8% | +65% |
| 7 | TSM | TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS | 530K | $179M | 0.8% | −42% |
| 8 | LLY | ELI LILLY & CO COM | 190K | $174M | 0.8% | +25% |
| 9 | TSLA | TESLA INC COM | 409K | $152M | 0.7% | — |
| 10 | MU | MICRON TECHNOLOGY INC COM | 419K | $142M | 0.6% | — |
§ 02 · SECTOR ALLOCATION
Where the money is
Other51.2% (+4pp)
Technology14.9% (±0)
Semiconductors10.6% (±0)
Energy5.8%
Financial Services5.1% (−2pp)
Retail4.2% (±0)
§ 03 · THE CAPITAL SIGNAL
AC read
CAPITAL FUND MANAGEMENT S.A. is a Systematic / Quant fund managing $38.2 billion in assets. The fund runs a massive portfolio of 2,407 positions, broad diversification across holdings. Trading activity is aggressive at 55% quarterly turnover, with 142 new positions and 0 exits last quarter. Top sector allocations: Other (51%), Technology (15%), Semiconductors (11%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+142 buys · −0 exits · 970 changed
Q4 2025
Busy quarter
+141 buys · −0 exits · 1053 changed
Q3 2025
Busy quarter
+155 buys · −0 exits · 1060 changed
Q2 2025
Busy quarter
+269 buys · −0 exits · 955 changed