Capital Markets Trading UK LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Capital Markets Trading UK LLP reported 78 stock positions worth $97.9 million. Its top holding was Microsoft (MSFT) at 9.0% of the portfolio, followed by Meta Platforms Class A (META, 4.1%) and United Airlines (UAL, 3.8%). Compared with Q2 2025, it opened 25 new positions, sold out of 20, added to 33 and reduced 20. The biggest buy was a new position in Meta Platforms Class A (META) and the biggest sale Tesla (TSLA, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001719165
- Portfolio Value
- $97.9M (Q3 2025)
- SEC Filing
- 0001719165-25-000012 ↗ filed Nov 12, 2025
Holdings Value
Holdings 78 stocks · $97.9M
| MSFT Microsoft Corp. | 9.03% | 17,059 | $8.8M | Add +49.4% |
| META Meta Platforms Inc. Class A | 4.10% | 5,465 | $4.0M | New |
| UAL United Airlines Holdings Inc. | 3.78% | 38,337 | $3.7M | New |
| GOOG Alphabet Inc. Class C | 3.70% | 14,889 | $3.6M | Add +7.3% |
| AVGO Broadcom Inc. | 3.39% | 10,053 | $3.3M | Add +161.9% |
| C Citigroup Inc. | 3.31% | 31,913 | $3.2M | Reduce -37.2% |
| INTC Intel Corp. | 3.19% | 93,087 | $3.1M | Add +32.7% |
| PBR Petroleo Brasileiro-Spon ADR | 2.86% | 221,266 | $2.8M | Add +45.4% |
| TGT Target Corp. | 2.75% | 30,060 | $2.7M | Add +613.3% |
| WFC Wells Fargo & Co. | 2.73% | 31,866 | $2.7M | Add +117.3% |
| VALE Vale SA-SP ADR | 2.72% | 245,211 | $2.7M | Add +93.1% |
| FCX Freeport-McMoran Inc. | 2.47% | 61,608 | $2.4M | Add +17.6% |
| TEVA Teva Pharmaceutical-SP ADR | 2.06% | 99,898 | $2.0M | Reduce -57.7% |
| NIO Nio Inc. - ADR | 2.00% | 256,909 | $2.0M | Add +52.4% |
| CAT Caterpillar Inc. | 2.00% | 4,102 | $2.0M | Add +114.3% |
| AMAT Applied Materials Inc. | 1.97% | 9,428 | $1.9M | New |
| SOFI Sofi Technologies Inc. | 1.95% | 72,288 | $1.9M | Add +2.7% |
| WMT Walmart Inc. | 1.90% | 18,000 | $1.9M | Add +51.6% |
| GDX Vaneck Gold Miners ETF | 1.87% | 23,947 | $1.8M | Reduce -65.4% |
| CCL Carnival Corp. | 1.84% | 62,348 | $1.8M | Add +171.1% |
| EWZ iShares MSCI Brazil ETF | 1.81% | 57,032 | $1.8M | Reduce -54.8% |
| B Barrick Mining Corp. | 1.61% | 48,047 | $1.6M | Reduce -46.8% |
| ORCL Oracle Corp. | 1.46% | 5,089 | $1.4M | New |
| SMH Vaneck Semiconductor ETF | 1.44% | 4,319 | $1.4M | Reduce -57.5% |
| AMD Advanced Micro Devices | 1.37% | 8,265 | $1.3M | Add +90.2% |
| NCLH Norwegian Cruise Line Holdin | 1.29% | 51,425 | $1.3M | Reduce -7.6% |
| VZ Verizon Communications Inc. | 1.25% | 27,746 | $1.2M | Add +14.3% |
| BA The Boeing Co. | 1.17% | 5,294 | $1.1M | Add +13.2% |
| QCOM Qualcomm Inc. | 1.11% | 6,522 | $1.1M | New |
| SHOP Shopify Inc. Class A | 1.11% | 7,279 | $1.1M | Add +95.2% |
| PLTR Palantir Technologies Inc. Class A | 1.06% | 5,663 | $1.0M | Reduce -40.8% |
| NFLX Netflix Inc. | 1.03% | 845 | $1.0M | Add +246.3% |
| MU Micron Technology Inc. | 1.02% | 5,971 | $999K | Add +8.6% |
| XOM Exxon Mobil Corp. | 1.01% | 8,727 | $984K | Add +50.4% |
| CRM Salesforce Inc. | 1.00% | 4,129 | $979K | New |
| DELL Dell Technologies -C | 0.91% | 6,298 | $893K | New |
| MA Mastercard Inc. Class A | 0.91% | 1,558 | $886K | Add +17.1% |
| MCD McDonald's Corp. | 0.88% | 2,848 | $865K | Add +78.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.88% | 3,037 | $857K | Reduce -3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.87% | 16,433 | $848K | New |
| NKE Nike Inc. Class B | 0.84% | 11,730 | $818K | New |
| SE Sea Ltd.-ADR | 0.83% | 4,556 | $814K | New |
| FXI iShares China Large-Cap ETF | 0.80% | 19,027 | $783K | Add +123.7% |
| HD Home Depot Inc. | 0.78% | 1,890 | $766K | New |
| ARM Arm Holdings PLC-ADR | 0.69% | 4,753 | $673K | New |
| UNH Unitedhealth Group Inc. | 0.66% | 1,874 | $647K | New |
| XPEV Xpeng Inc. - ADR | 0.66% | 27,599 | $646K | Add +82.2% |
| AXP American Express Co. | 0.66% | 1,932 | $642K | Add +54.4% |
| ADBE Adobe Inc. | 0.64% | 1,788 | $631K | Add +119.7% |
| AIG American International Group | 0.63% | 7,867 | $618K | Add +58.0% |
| PANW Palo Alto Networks Inc. | 0.58% | 2,778 | $566K | Add +1.9% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.56% | 28,940 | $550K | Add +27.3% |
| ZM Zoom Communications Inc. | 0.56% | 6,646 | $548K | New |
| AMZN Amazon.com Inc. | 0.51% | 2,259 | $496K | Reduce -2.7% |
| WOLF Wolfspeed Inc. | 0.48% | 16,557 | $474K | Reduce -43.9% |
| NEM Newmont Corp. | 0.47% | 5,491 | $463K | Reduce -47.6% |
| UBER Uber Technologies Inc. | 0.47% | 4,700 | $460K | Reduce -60.8% |
| LLY Eli Lilly & Co. | 0.46% | 586 | $447K | New |
| TSLA Tesla Inc. | 0.45% | 987 | $439K | Reduce -95.2% |
| DAL Delta Air Lines Inc. | 0.44% | 7,512 | $426K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.39% | 575 | $383K | Reduce -83.1% |
| ABNB Airbnb Inc. Class A | 0.39% | 3,129 | $380K | New |
| NVDA Nvidia Corp. | 0.38% | 2,001 | $373K | New |
| SNAP Snap Inc. Class A | 0.36% | 45,653 | $352K | Add +172.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.36% | 709 | $348K | New |
| XYZ Block Inc. | 0.34% | 4,615 | $334K | Add +50.5% |
| JPM JPMorgan Chase & Co. | 0.34% | 1,050 | $331K | New |
| SCHW Schwab (charles) Corp. | 0.28% | 2,891 | $276K | New |
| OXY Occidental Petroleum Corp. | 0.26% | 5,290 | $250K | New |
| ETSY Etsy Inc. | 0.25% | 3,634 | $241K | Reduce -64.5% |
| AFRM Affirm Holdings Inc. | 0.24% | 3,216 | $235K | New |
| SMCI Super Micro Computer Inc. | 0.23% | 4,687 | $225K | New |
| APP AppLovin Corp. Class A | 0.23% | 310 | $223K | Reduce -68.2% |
| GRAB Grab Holdings Ltd. Class A | 0.23% | 36,887 | $222K | Add +28.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.22% | 3,946 | $219K | New |
| CSCO Cisco Systems Inc. | 0.22% | 3,193 | $218K | Reduce -88.1% |
| ON On Semiconductor | 0.22% | 4,326 | $213K | Reduce -39.1% |
| F Ford Motor Co. filed as FORD MTR CO | 0.12% | 10,209 | $122K | Reduce -94.7% |
Options reported separately and not counted above: MICROSOFT CORP calls ($539.8M), MICROSOFT CORP puts ($503.9M), NVIDIA CORPORATION puts ($383.8M), BROADCOM INC puts ($235.3M), MICRON TECHNOLOGY INC puts ($166.0M), TESLA INC puts ($145.6M), TAIWAN SEMICONDUCTOR MANUFAC puts ($143.7M), INTEL CORP puts ($112.6M), VANECK ETF TRUST puts ($103.7M), NIO INC puts ($94.3M), AMAZON COM INC puts ($93.2M), TAIWAN SEMICONDUCTOR MANUFAC calls ($90.3M), and 199 more.
Portfolio Sells Q2 2025 → Q3 2025
| TSLA Tesla Inc. | Reduce -95.2% | 0.45% | −6.90 |
| AAL American Airlines Group Inc. | Sold out | 0.00% | −3.70 |
| FUTU Futu Holdings Ltd.-ADR | Sold out | 0.00% | −2.73 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −2.46 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -57.7% | 2.06% | −2.44 |
| EWZ iShares MSCI Brazil ETF | Reduce -54.8% | 1.81% | −2.33 |
| F Ford Motor Co. | Reduce -94.7% | 0.12% | −2.24 |
| GDX Vaneck Gold Miners ETF | Reduce -65.4% | 1.87% | −2.22 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -83.1% | 0.39% | −2.00 |
| CSCO Cisco Systems Inc. | Reduce -88.1% | 0.22% | −1.89 |
| SMH Vaneck Semiconductor ETF | Reduce -57.5% | 1.44% | −1.78 |
| C Citigroup Inc. | Reduce -37.2% | 3.31% | −1.60 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −1.39 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −1.28 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.13 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.97 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.84 |
| UBER Uber Technologies Inc. | Reduce -60.8% | 0.47% | −0.80 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.74 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.64 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.56 |
| B Barrick Mining Corp. | Reduce -46.8% | 1.61% | −0.53 |
| LCID Lucid Group Inc. | Sold out | 0.00% | −0.50 |
| T AT&T Inc. | Sold out | 0.00% | −0.48 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.43 |
| PLTR Palantir Technologies Inc. Class A | Reduce -40.8% | 1.06% | −0.42 |
| MS Morgan Stanley | Sold out | 0.00% | −0.40 |
| GM General Motors Co. | Sold out | 0.00% | −0.37 |
| ETSY Etsy Inc. | Reduce -64.5% | 0.25% | −0.34 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.32 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.29 |
| NEM Newmont Corp. | Reduce -47.6% | 0.47% | −0.22 |
| ON On Semiconductor | Reduce -39.1% | 0.22% | −0.20 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.18 |
| IBM Intl Business Machines Corp. | Reduce -3.6% | 0.88% | −0.18 |
| APP AppLovin Corp. Class A | Reduce -68.2% | 0.23% | −0.16 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 0.51% | −0.07 |
| BBD Banco Bradesco-ADR | Sold out | 0.00% | −0.06 |
| NCLH Norwegian Cruise Line Holdin | Reduce -7.6% | 1.29% | +0.01 |
| WOLF Wolfspeed Inc. | Reduce -43.9% | 0.48% | +0.47 |
Portfolio Buys Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | New | 4.10% | +4.10 |
| UAL United Airlines Holdings Inc. | New | 3.78% | +3.78 |
| MSFT Microsoft Corp. | Add +49.4% | 9.03% | +2.57 |
| TGT Target Corp. | Add +613.3% | 2.75% | +2.28 |
| AVGO Broadcom Inc. | Add +161.9% | 3.39% | +2.19 |
| AMAT Applied Materials Inc. | New | 1.97% | +1.97 |
| ORCL Oracle Corp. | New | 1.46% | +1.46 |
| INTC Intel Corp. | Add +32.7% | 3.19% | +1.40 |
| WFC Wells Fargo & Co. | Add +117.3% | 2.73% | +1.39 |
| NIO Nio Inc. - ADR | Add +52.4% | 2.00% | +1.34 |
| VALE Vale SA-SP ADR | Add +93.1% | 2.72% | +1.32 |
| CAT Caterpillar Inc. | Add +114.3% | 2.00% | +1.16 |
| QCOM Qualcomm Inc. | New | 1.11% | +1.11 |
| CCL Carnival Corp. | Add +171.1% | 1.84% | +1.11 |
| CRM Salesforce Inc. | New | 1.00% | +1.00 |
| DELL Dell Technologies -C | New | 0.91% | +0.91 |
| GOOG Alphabet Inc. Class C | Add +7.3% | 3.70% | +0.91 |
| BAC Bank of America Corp. | New | 0.87% | +0.87 |
| NKE Nike Inc. Class B | New | 0.84% | +0.84 |
| SE Sea Ltd.-ADR | New | 0.83% | +0.83 |
| HD Home Depot Inc. | New | 0.78% | +0.78 |
| PBR Petroleo Brasileiro-Spon ADR | Add +45.4% | 2.86% | +0.70 |
| ARM Arm Holdings PLC-ADR | New | 0.69% | +0.69 |
| AMD Advanced Micro Devices | Add +90.2% | 1.37% | +0.67 |
| NFLX Netflix Inc. | Add +246.3% | 1.03% | +0.66 |
| UNH Unitedhealth Group Inc. | New | 0.66% | +0.66 |
| SHOP Shopify Inc. Class A | Add +95.2% | 1.11% | +0.62 |
| WMT Walmart Inc. | Add +51.6% | 1.90% | +0.58 |
| ZM Zoom Communications Inc. | New | 0.56% | +0.56 |
| SOFI Sofi Technologies Inc. | Add +2.7% | 1.95% | +0.50 |
| LLY Eli Lilly & Co. | New | 0.46% | +0.46 |
| FXI iShares China Large-Cap ETF | Add +123.7% | 0.80% | +0.44 |
| DAL Delta Air Lines Inc. | New | 0.44% | +0.44 |
| ABNB Airbnb Inc. Class A | New | 0.39% | +0.39 |
| NVDA Nvidia Corp. | New | 0.38% | +0.38 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.36% | +0.36 |
| MCD McDonald's Corp. | Add +78.6% | 0.88% | +0.35 |
| XPEV Xpeng Inc. - ADR | Add +82.2% | 0.66% | +0.35 |
| JPM JPMorgan Chase & Co. | New | 0.34% | +0.34 |
| XOM Exxon Mobil Corp. | Add +50.4% | 1.01% | +0.30 |
| ADBE Adobe Inc. | Add +119.7% | 0.64% | +0.29 |
| SCHW Schwab (charles) Corp. | New | 0.28% | +0.28 |
| OXY Occidental Petroleum Corp. | New | 0.26% | +0.26 |
| MU Micron Technology Inc. | Add +8.6% | 1.02% | +0.25 |
| AFRM Affirm Holdings Inc. | New | 0.24% | +0.24 |
| SMCI Super Micro Computer Inc. | New | 0.23% | +0.23 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.22% | +0.22 |
| AXP American Express Co. | Add +54.4% | 0.66% | +0.20 |
| SNAP Snap Inc. Class A | Add +172.1% | 0.36% | +0.19 |
| AIG American International Group | Add +58.0% | 0.63% | +0.15 |
Options Activity Q2 2025 → Q3 2025
| MICROSOFT CORP | call | Reduce -15.4% | 1,042,100 | $539.8M |
| MICROSOFT CORP | put | Add +51.2% | 972,800 | $503.9M |
| NVIDIA CORPORATION | put | Reduce -10.1% | 2,057,100 | $383.8M |
| BROADCOM INC | put | Add +21.0% | 713,300 | $235.3M |
| MICRON TECHNOLOGY INC | put | Reduce -9.6% | 992,200 | $166.0M |
| TESLA INC | put | Reduce -52.3% | 327,500 | $145.6M |
| TAIWAN SEMICONDUCTOR MANUFAC | put | Add +30.9% | 514,500 | $143.7M |
| INTEL CORP | put | Add +141.1% | 3,357,100 | $112.6M |
| VANECK ETF TRUST | put | Reduce -4.6% | 1,357,000 | $103.7M |
| NIO INC | put | Add +57.4% | 12,376,500 | $94.3M |
| AMAZON COM INC | put | Reduce -5.8% | 424,600 | $93.2M |
| TAIWAN SEMICONDUCTOR MANUFAC | call | Reduce -4.7% | 323,500 | $90.3M |
| ADVANCED MICRO DEVICES INC | put | Reduce -22.4% | 557,400 | $90.2M |
| INTEL CORP | call | Reduce -51.0% | 2,486,900 | $83.4M |
| BOEING CO | put | Add +34.3% | 378,200 | $81.6M |
| META PLATFORMS INC | call | Reduce -4.5% | 105,100 | $77.2M |
| SNOWFLAKE INC | put | Add +5.3% | 331,100 | $74.7M |
| ADVANCED MICRO DEVICES INC | call | Add +12.5% | 449,200 | $72.7M |
| BROADCOM INC | call | Add +33.8% | 219,000 | $72.3M |
| META PLATFORMS INC | put | Add +103.5% | 93,200 | $68.4M |
| VALE S A | call | Reduce -7.1% | 6,214,400 | $67.5M |
| VANECK ETF TRUST | call | Add +4.0% | 832,100 | $63.6M |
| AMAZON COM INC | call | Add +7.9% | 281,000 | $61.7M |
| ALPHABET INC | put | Reduce -14.8% | 241,300 | $58.7M |
| SHOPIFY INC | put | Add +24.8% | 394,000 | $58.6M |
| SHOPIFY INC | call | Add +24.1% | 387,200 | $57.5M |
| MARVELL TECHNOLOGY INC | put | Add +304.2% | 667,000 | $56.1M |
| MICRON TECHNOLOGY INC | call | Reduce -12.1% | 331,700 | $55.5M |
| SNOWFLAKE INC | call | Add +13.9% | 241,900 | $54.6M |
| CARNIVAL CORP | put | Reduce -7.8% | 1,885,800 | $54.5M |
| NETFLIX INC. | put | Add +31.0% | 41,800 | $50.1M |
| LULULEMON ATHLETICA INC | put | Add +36.9% | 266,100 | $47.3M |
| QUALCOMM INC | call | Add +21.1% | 281,200 | $46.8M |
| ARM HOLDINGS PLC | put | Reduce -13.8% | 330,200 | $46.7M |
| JD.COM INC | call | Add +48.2% | 1,290,000 | $45.1M |
| ALPHABET INC | call | Add +11.2% | 185,200 | $45.0M |
| BANK OF AMER CORP | call | Reduce -27.7% | 869,500 | $44.9M |
| APPLE INC | put | Add +46.1% | 174,200 | $44.4M |
| UBER TECHNOLOGIES INC | put | Add +63.8% | 451,200 | $44.2M |
| PALANTIR TECHNOLOGIES INC | call | Add +196.0% | 237,700 | $43.4M |
| NVIDIA CORPORATION | call | Reduce -62.7% | 223,500 | $41.7M |
| PDD HOLDINGS INC | call | Reduce -7.6% | 305,000 | $40.3M |
| TARGET CORP | put | Add +16.9% | 431,400 | $38.7M |
| CROWDSTRIKE HLDGS INC | put | Add +12.0% | 78,500 | $38.5M |
| PALANTIR TECHNOLOGIES INC | put | Reduce -17.6% | 208,000 | $37.9M |
| WELLS FARGO & CO | put | Reduce -16.1% | 451,300 | $37.8M |
| TESLA INC | call | Reduce -74.9% | 84,300 | $37.5M |
| FIRST SOLAR INC | put | Add +30.9% | 169,500 | $37.4M |
| ISHARES INC | call | Add +63.2% | 1,183,700 | $36.7M |
| AMERICAN EXPRESS CO | put | Reduce -19.9% | 107,500 | $35.7M |
Showing the first 50 of 217.
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 |