Capital Markets Trading UK LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Capital Markets Trading UK LLP reported 83 stock positions worth $87.7 million. Its top holding was Petroleo Brasileiro-Spon ADR (PBR) at 8.1% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Nio Inc. - ADR (NIO, 5.0%). Compared with Q4 2024, it opened 31 new positions, sold out of 22, added to 17 and reduced 35. The biggest buy was Petroleo Brasileiro-Spon ADR (PBR, shares +110%) and the biggest sale Microsoft (MSFT, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001719165
- Portfolio Value
- $87.7M (Q1 2025)
- SEC Filing
- 0001632813-25-000001 ↗ filed May 15, 2025
Holdings Value
Holdings 83 stocks · $87.7M
| PBR Petroleo Brasileiro-Spon ADR | 8.10% | 495,099 | $7.1M | Add +110.1% |
| MSFT Microsoft Corp. | 5.50% | 12,847 | $4.8M | Reduce -87.9% |
| NIO Nio Inc. - ADR | 5.02% | 1,155,049 | $4.4M | Add +3081.7% |
| FCX Freeport-McMoran Inc. | 4.22% | 97,656 | $3.7M | Add +496.6% |
| C Citigroup Inc. | 3.79% | 46,754 | $3.3M | Add +1327.2% |
| NVDA Nvidia Corp. | 3.75% | 30,308 | $3.3M | Reduce -0.7% |
| SMH Vaneck Semiconductor ETF | 3.62% | 15,011 | $3.2M | Add +179.5% |
| F Ford Motor Co. filed as FORD MTR CO | 3.46% | 301,982 | $3.0M | Add +70.3% |
| VALE Vale SA-SP ADR | 3.40% | 298,778 | $3.0M | Reduce -45.5% |
| WFC Wells Fargo & Co. | 2.63% | 32,056 | $2.3M | Add +103.7% |
| MA Mastercard Inc. Class A | 1.85% | 2,955 | $1.6M | New |
| MU Micron Technology Inc. | 1.82% | 18,384 | $1.6M | Reduce -70.1% |
| LI Li Auto Inc. - ADR | 1.77% | 61,506 | $1.6M | New |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 1.75% | 14,974 | $1.5M | Reduce -80.5% |
| CVNA Carvana Co. | 1.67% | 7,003 | $1.5M | New |
| GOOGL Alphabet Inc. Class A | 1.67% | 9,444 | $1.5M | Add +364.8% |
| NKE Nike Inc. Class B | 1.64% | 22,683 | $1.4M | Reduce -15.2% |
| IBIT iShares Bitcoin Trust ETF | 1.52% | 28,436 | $1.3M | Reduce -71.6% |
| FXI iShares China Large-Cap ETF | 1.42% | 34,785 | $1.2M | New |
| TSM Taiwan Semiconductor-SP ADR | 1.35% | 7,123 | $1.2M | Add +306.8% |
| AMD Advanced Micro Devices | 1.32% | 11,251 | $1.2M | Add +46.2% |
| NEM Newmont Corp. | 1.31% | 23,801 | $1.1M | Reduce -69.4% |
| B Barrick Gold Corp. | 1.23% | 55,454 | $1.1M | Reduce -36.9% |
| JPM JPMorgan Chase & Co. | 1.20% | 4,291 | $1.1M | New |
| CRM Salesforce Inc. | 1.18% | 3,867 | $1.0M | New |
| BA The Boeing Co. | 1.18% | 6,068 | $1.0M | Reduce -4.3% |
| AMZN Amazon.com Inc. | 1.12% | 5,163 | $982K | Reduce -39.8% |
| UAL United Airlines Holdings Inc. | 1.09% | 13,810 | $954K | New |
| FSLR First Solar Inc. | 1.07% | 7,391 | $934K | Add +148.3% |
| HD Home Depot Inc. | 1.02% | 2,434 | $892K | New |
| TSLA Tesla Inc. | 1.02% | 3,439 | $891K | Add +505.5% |
| NCLH Norwegian Cruise Line Holdin | 0.99% | 45,609 | $865K | New |
| CCL Carnival Corp. | 0.97% | 43,367 | $847K | New |
| QCOM Qualcomm Inc. | 0.95% | 5,450 | $837K | Reduce -48.0% |
| SNOW Snowflake Inc. | 0.95% | 5,703 | $834K | Add +58.4% |
| XYZ Block Inc. | 0.93% | 14,983 | $814K | Add +31.9% |
| JD Jd.com Inc.-ADR | 0.91% | 19,455 | $800K | New |
| MS Morgan Stanley | 0.87% | 6,558 | $765K | Reduce -60.7% |
| TEVA Teva Pharmaceutical-SP ADR | 0.82% | 46,971 | $722K | Reduce -90.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.80% | 1,250 | $699K | New |
| ON On Semiconductor | 0.80% | 17,132 | $697K | New |
| INTC Intel Corp. | 0.77% | 29,900 | $679K | Reduce -64.1% |
| AIG American International Group | 0.77% | 7,745 | $673K | New |
| PDD PDD Holdings Inc. | 0.76% | 5,610 | $664K | Reduce -70.2% |
| WMT Walmart Inc. | 0.74% | 7,432 | $652K | Reduce -28.9% |
| PANW Palo Alto Networks Inc. | 0.72% | 3,693 | $630K | Add +9.5% |
| DAL Delta Air Lines Inc. | 0.69% | 13,932 | $607K | New |
| SHOP Shopify Inc. Class A | 0.68% | 6,177 | $597K | Reduce -75.0% |
| AAL American Airlines Group Inc. | 0.68% | 56,230 | $593K | Reduce -67.9% |
| ABNB Airbnb Inc. Class A | 0.65% | 4,806 | $574K | Reduce -22.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.63% | 13,295 | $555K | Reduce -45.6% |
| PFE Pfizer Inc. | 0.61% | 21,279 | $539K | Reduce -87.9% |
| RDDT Reddit Inc. Class A | 0.59% | 4,928 | $517K | New |
| VST Vistra Corp. | 0.56% | 4,197 | $493K | New |
| PYPL PayPal Holdings Inc. | 0.54% | 7,219 | $471K | New |
| PLTR Palantir Technologies Inc. Class A | 0.53% | 5,500 | $464K | Reduce -4.5% |
| RIVN Rivian Automotive Inc. Class A | 0.51% | 36,036 | $449K | Add +26.8% |
| LULU Lululemon Athletica Inc. | 0.47% | 1,465 | $415K | Reduce -80.3% |
| CEG Constellation Energy | 0.44% | 1,919 | $387K | New |
| ZM Zoom Communications Inc. | 0.44% | 5,191 | $383K | New |
| DELL Dell Technologies -C | 0.42% | 4,065 | $371K | New |
| ORCL Oracle Corp. | 0.42% | 2,603 | $364K | New |
| KWEB Kranesh Csi China Internet | 0.41% | 10,383 | $362K | Reduce -81.8% |
| TGT Target Corp. | 0.39% | 3,261 | $340K | New |
| TXN Texas Instruments Inc. | 0.38% | 1,868 | $336K | Reduce -70.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.36% | 904 | $319K | Reduce -55.4% |
| SNDK Sandisk Corp. | 0.36% | 6,650 | $317K | Add +174.9% |
| X United States Steel Corp. | 0.35% | 7,313 | $309K | Reduce -18.9% |
| EWZ iShares MSCI Brazil ETF | 0.33% | 11,008 | $285K | Reduce -80.2% |
| XLE SS Energy Select Sector | 0.32% | 2,966 | $277K | New |
| UBER Uber Technologies Inc. | 0.31% | 3,676 | $268K | Reduce -72.1% |
| MRVL Marvell Technology Inc. | 0.29% | 4,107 | $253K | Reduce -84.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 962 | $239K | New |
| ADI Analog Devices Inc. | 0.26% | 1,133 | $228K | Reduce -87.8% |
| TLT iShares 20+ Year Treasury BD | 0.25% | 2,443 | $222K | New |
| SE Sea Ltd.-ADR | 0.25% | 1,697 | $221K | New |
| NFLX Netflix Inc. | 0.25% | 231 | $215K | Reduce -59.7% |
| BIDU Baidu Inc. - Spon ADR | 0.23% | 2,195 | $202K | Reduce -77.7% |
| BBD Banco Bradesco-ADR | 0.23% | 89,349 | $199K | New |
| LCID Lucid Group Inc. | 0.18% | 63,479 | $154K | Reduce -90.0% |
| SNAP Snap Inc. Class A | 0.17% | 17,262 | $150K | New |
| GRAB Grab Holdings Ltd. Class A | 0.07% | 14,407 | $65K | New |
| WOLF Wolfspeed Inc. | 0.04% | 12,157 | $37K | New |
Options reported separately and not counted above: MICROSOFT CORP puts ($304.9M), NVIDIA CORPORATION puts ($299.4M), TESLA INC puts ($286.6M), MICROSOFT CORP calls ($271.2M), TESLA INC calls ($234.3M), AMAZON COM INC puts ($120.2M), NVIDIA CORPORATION calls ($107.2M), INTEL CORP calls ($91.4M), ADVANCED MICRO DEVICES INC calls ($91.2M), BROADCOM INC puts ($85.0M), ALPHABET INC puts ($84.6M), ADVANCED MICRO DEVICES INC puts ($81.8M), and 209 more.
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -87.9% | 5.50% | −20.98 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -90.7% | 0.82% | −5.76 |
| AAPL Apple Inc. | Sold out | 0.00% | −2.65 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −2.30 |
| PFE Pfizer Inc. | Reduce -87.9% | 0.61% | −2.16 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −1.96 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -80.5% | 1.75% | −1.90 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.63 |
| IBIT iShares Bitcoin Trust ETF | Reduce -71.6% | 1.52% | −1.63 |
| MRVL Marvell Technology Inc. | Reduce -84.9% | 0.29% | −1.49 |
| MU Micron Technology Inc. | Reduce -70.1% | 1.82% | −1.25 |
| LULU Lululemon Athletica Inc. | Reduce -80.3% | 0.47% | −1.22 |
| AAL American Airlines Group Inc. | Reduce -67.9% | 0.68% | −1.14 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −1.01 |
| LCID Lucid Group Inc. | Reduce -90.0% | 0.18% | −0.96 |
| BILI Bilibili Inc.-Sponsored ADR | Sold out | 0.00% | −0.92 |
| ADI Analog Devices Inc. | Reduce -87.8% | 0.26% | −0.91 |
| SHOP Shopify Inc. Class A | Reduce -75.0% | 0.68% | −0.88 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.76 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.66 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.64 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.63 |
| KWEB Kranesh Csi China Internet | Reduce -81.8% | 0.41% | −0.58 |
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −0.46 |
| EWZ iShares MSCI Brazil ETF | Reduce -80.2% | 0.33% | −0.42 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.41 |
| NEM Newmont Corp. | Reduce -69.4% | 1.31% | −0.40 |
| MS Morgan Stanley | Reduce -60.7% | 0.87% | −0.37 |
| PDD PDD Holdings Inc. | Reduce -70.2% | 0.76% | −0.33 |
| TXN Texas Instruments Inc. | Reduce -70.4% | 0.38% | −0.32 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.29 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.29 |
| BIDU Baidu Inc. - Spon ADR | Reduce -77.7% | 0.23% | −0.26 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.26 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.23 |
| INTC Intel Corp. | Reduce -64.1% | 0.77% | −0.22 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −0.20 |
| UBER Uber Technologies Inc. | Reduce -72.1% | 0.31% | −0.17 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −0.16 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.16 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.15 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.14 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.14 |
| NFLX Netflix Inc. | Reduce -59.7% | 0.25% | −0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -55.4% | 0.36% | −0.05 |
| BAC Bank of America Corp. | Reduce -45.6% | 0.63% | −0.00 |
| QCOM Qualcomm Inc. | Reduce -48.0% | 0.95% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -39.8% | 1.12% | +0.01 |
| X United States Steel Corp. | Reduce -18.9% | 0.35% | +0.17 |
| ABNB Airbnb Inc. Class A | Reduce -22.4% | 0.65% | +0.17 |
Portfolio Buys Q4 2024 → Q1 2025
| PBR Petroleo Brasileiro-Spon ADR | Add +110.1% | 8.10% | +6.30 |
| NIO Nio Inc. - ADR | Add +3081.7% | 5.02% | +4.93 |
| FCX Freeport-McMoran Inc. | Add +496.6% | 4.22% | +3.85 |
| C Citigroup Inc. | Add +1327.2% | 3.79% | +3.65 |
| SMH Vaneck Semiconductor ETF | Add +179.5% | 3.62% | +2.85 |
| F Ford Motor Co. | Add +70.3% | 3.46% | +2.41 |
| WFC Wells Fargo & Co. | Add +103.7% | 2.63% | +1.97 |
| MA Mastercard Inc. Class A | New | 1.85% | +1.85 |
| LI Li Auto Inc. - ADR | New | 1.77% | +1.77 |
| CVNA Carvana Co. | New | 1.67% | +1.67 |
| GOOGL Alphabet Inc. Class A | Add +364.8% | 1.67% | +1.44 |
| FXI iShares China Large-Cap ETF | New | 1.42% | +1.42 |
| JPM JPMorgan Chase & Co. | New | 1.20% | +1.20 |
| CRM Salesforce Inc. | New | 1.18% | +1.18 |
| TSM Taiwan Semiconductor-SP ADR | Add +306.8% | 1.35% | +1.14 |
| UAL United Airlines Holdings Inc. | New | 1.09% | +1.09 |
| HD Home Depot Inc. | New | 1.02% | +1.02 |
| NCLH Norwegian Cruise Line Holdin | New | 0.99% | +0.99 |
| CCL Carnival Corp. | New | 0.97% | +0.97 |
| JD Jd.com Inc.-ADR | New | 0.91% | +0.91 |
| TSLA Tesla Inc. | Add +505.5% | 1.02% | +0.88 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.80% | +0.80 |
| ON On Semiconductor | New | 0.80% | +0.80 |
| AIG American International Group | New | 0.77% | +0.77 |
| AMD Advanced Micro Devices | Add +46.2% | 1.32% | +0.77 |
| FSLR First Solar Inc. | Add +148.3% | 1.07% | +0.75 |
| DAL Delta Air Lines Inc. | New | 0.69% | +0.69 |
| SNOW Snowflake Inc. | Add +58.4% | 0.95% | +0.62 |
| RDDT Reddit Inc. Class A | New | 0.59% | +0.59 |
| VST Vistra Corp. | New | 0.56% | +0.56 |
| PYPL PayPal Holdings Inc. | New | 0.54% | +0.54 |
| CEG Constellation Energy | New | 0.44% | +0.44 |
| ZM Zoom Communications Inc. | New | 0.44% | +0.44 |
| DELL Dell Technologies -C | New | 0.42% | +0.42 |
| ORCL Oracle Corp. | New | 0.42% | +0.42 |
| TGT Target Corp. | New | 0.39% | +0.39 |
| XYZ Block Inc. | Add +31.9% | 0.93% | +0.36 |
| PANW Palo Alto Networks Inc. | Add +9.5% | 0.72% | +0.35 |
| XLE SS Energy Select Sector | New | 0.32% | +0.32 |
| SNDK Sandisk Corp. | Add +174.9% | 0.36% | +0.29 |
| RIVN Rivian Automotive Inc. Class A | Add +26.8% | 0.51% | +0.29 |
| IBM Intl Business Machines Corp. | New | 0.27% | +0.27 |
| TLT iShares 20+ Year Treasury BD | New | 0.25% | +0.25 |
| SE Sea Ltd.-ADR | New | 0.25% | +0.25 |
| BBD Banco Bradesco-ADR | New | 0.23% | +0.23 |
| SNAP Snap Inc. Class A | New | 0.17% | +0.17 |
| GRAB Grab Holdings Ltd. Class A | New | 0.07% | +0.07 |
| WOLF Wolfspeed Inc. | New | 0.04% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| MICROSOFT CORP | put | Reduce -43.8% | 812,200 | $304.9M |
| NVIDIA CORPORATION | put | Reduce -32.1% | 2,762,700 | $299.4M |
| TESLA INC | put | Add +236.2% | 1,105,800 | $286.6M |
| MICROSOFT CORP | call | Reduce -17.8% | 722,500 | $271.2M |
| TESLA INC | call | Add +81.9% | 904,000 | $234.3M |
| TAIWAN SEMICONDUCTOR MANUFAC | put | Sold out | 890,700 | $175.9Mbefore exit |
| AMAZON COM INC | put | Reduce -19.8% | 631,900 | $120.2M |
| NVIDIA CORPORATION | call | Add +54.7% | 989,100 | $107.2M |
| INTEL CORP | call | Add +45.9% | 4,025,400 | $91.4M |
| ADVANCED MICRO DEVICES INC | call | Add +188.8% | 888,000 | $91.2M |
| BROADCOM INC | put | Reduce -43.3% | 507,600 | $85.0M |
| ALPHABET INC | put | Add +16.1% | 546,900 | $84.6M |
| ADVANCED MICRO DEVICES INC | put | Reduce -36.3% | 795,800 | $81.8M |
| APPLE INC | put | Reduce -46.8% | 362,800 | $80.6M |
| VANECK ETF TRUST | put | Add +17.7% | 1,565,800 | $72.0M |
| MICRON TECHNOLOGY INC | put | Reduce -17.0% | 757,600 | $65.8M |
| BOEING CO | put | Reduce -13.1% | 331,200 | $56.5M |
| AMAZON COM INC | call | Reduce -21.9% | 284,400 | $54.1M |
| ALPHABET INC | call | Add +84.0% | 339,900 | $52.6M |
| PDD HOLDINGS INC | put | Reduce -7.4% | 430,000 | $50.9M |
| CARNIVAL CORP | put | Reduce -11.5% | 2,435,500 | $47.6M |
| WELLS FARGO & CO | put | Reduce -30.6% | 658,100 | $47.2M |
| APPLE INC | call | Add +115.8% | 205,000 | $45.5M |
| BANK OF AMER CORP | call | Add +13.5% | 1,033,400 | $43.1M |
| AMERICAN EXPRESS CO | call | Add +4.5% | 157,700 | $42.4M |
| LULULEMON ATHLETICA INC | put | Add +13.2% | 147,700 | $41.8M |
| SNOWFLAKE INC | put | Add +548.3% | 283,300 | $41.4M |
| PDD HOLDINGS INC | call | Reduce -5.9% | 334,000 | $39.5M |
| UBER TECHNOLOGIES INC | put | Reduce -4.0% | 538,700 | $39.3M |
| JD.COM INC | call | Reduce -35.2% | 931,000 | $38.3M |
| FORD MTR CO | put | Add +7.3% | 3,804,600 | $38.2M |
| AMERICAN EXPRESS CO | put | Add +5.3% | 138,000 | $37.1M |
| ISHARES BITCOIN TRUST ETF | call | Add +142.4% | 788,100 | $36.9M |
| BANK OF AMER CORP | put | Reduce -30.2% | 878,700 | $36.7M |
| CITIGROUP INC | put | Reduce -14.0% | 513,800 | $36.5M |
| ARM HOLDINGS PLC | put | Add +9.2% | 341,200 | $36.4M |
| MICRON TECHNOLOGY INC | call | Reduce -19.7% | 400,600 | $34.8M |
| VANECK ETF TRUST | call | Reduce -45.8% | 748,500 | $34.4M |
| VALE S A | call | Reduce -22.3% | 3,318,900 | $33.1M |
| JPMORGAN CHASE & CO | put | Reduce -24.0% | 134,600 | $33.0M |
| BROADCOM INC | call | Reduce -3.0% | 194,500 | $32.6M |
| FREEPORT MCMORAN INC | put | Add +18.5% | 851,500 | $32.2M |
| META PLATFORMS INC | put | Reduce -66.7% | 55,900 | $32.2M |
| QUALCOMM INC | put | Add +23.9% | 208,600 | $32.0M |
| WELLS FARGO & CO | call | Add +93.2% | 446,000 | $32.0M |
| ISHARES TR | put | Add +18.1% | 873,900 | $31.3M |
| CROWDSTRIKE HLDGS INC | put | Add +21.0% | 88,700 | $31.3M |
| AMERICAN AIRLINES GROUP INC | put | Reduce -11.2% | 2,904,300 | $30.6M |
| INTEL CORP | put | Reduce -36.0% | 1,294,700 | $29.4M |
| UNITED AIRLS HLDGS INC | put | Add +11.6% | 417,900 | $28.9M |
Showing the first 50 of 236.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 87 | $139.9M | SMH, FCX, EWZ, NVDA, MSFT |
| Q1 2026 | 77 | $111.2M | EWZ, SPY, FCX, TEVA, PBR |
| Q4 2025Amended | 73 | $82.8M | GDX, PBR, INTC, TSLA, AVGO |
| Q3 2025 | 78 | $97.9M | MSFT, META, UAL, GOOG, AVGO |
| Q2 2025 | 73 | $88.0M | TSLA, MSFT, C, TEVA, EWZ |
| Q1 2025 | 83 | $87.7M | PBR, MSFT, NIO, FCX, C |
| Q4 2024 | 73 | $168.7M | MSFT, TEVA, FUTU, IBIT, MU |
| Q3 2024 | 87 | $108.1M | NEM, TEVA, FUTU, BILI, ASML |
| Q2 2024 | 78 | $136.1M | WFC, TEVA, PBR, C, AAPL |
| Q1 2024 | 76 | $137.9M | C, WFC, PBR, VALE, F |