Caxton Associates LLP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Caxton Associates LLP reported 750 stock positions worth $5.1 billion. Its top holding was Tesla (TSLA) at 19.3% of the portfolio, followed by Advanced Micro Devices (AMD, 9.3%) and BP PLC-Spons ADR (BP, 7.2%). Compared with Q3 2025, it opened 330 new positions, sold out of 249, added to 193 and reduced 186. The biggest buy was a new position in Advanced Micro Devices (AMD) and the biggest sale Apple (AAPL, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002051323
- Portfolio Value
- $5.1B (Q4 2025)
- SEC Filing
- 0002051323-26-000006 ↗ filed Feb 13, 2026
Holdings Value
Holdings 750 stocks · $5.1B
| TSLA Tesla Inc. | 19.30% | 2,168,231 | $975.1M | Add +69.3% |
| AMD Advanced Micro Devices | 9.35% | 2,205,081 | $472.2M | New |
| BP BP PLC-Spons ADR | 7.16% | 10,409,750 | $361.5M | New |
| B Barrick Mining Corp. | 5.16% | 5,988,986 | $260.8M | New |
| AMZN Amazon.com Inc. | 4.65% | 1,017,253 | $234.8M | Reduce -34.5% |
| AVGO Broadcom Inc. | 3.40% | 496,390 | $171.8M | Add +8507.4% |
| NVDA Nvidia Corp. | 3.17% | 857,351 | $159.9M | Add +479.9% |
| TECK Teck Resources Ltd.-CLS B | 2.68% | 2,822,926 | $135.2M | Add +318.2% |
| UEC Uranium Energy Corp. | 2.05% | 8,862,693 | $103.5M | Add +110.3% |
| ISRG Intuitive Surgical Inc. | 1.89% | 168,536 | $95.5M | Add +24539.8% |
| MSFT Microsoft Corp. | 1.78% | 185,697 | $89.8M | Reduce -73.0% |
| GOOG Alphabet Inc. Class C | 1.63% | 263,000 | $82.5M | New |
| GOOGL Alphabet Inc. Class A | 1.55% | 250,731 | $78.5M | Add +2655.0% |
| GILD Gilead Sciences Inc. | 1.34% | 550,000 | $67.5M | New |
| AAPL Apple Inc. | 1.25% | 232,069 | $63.1M | Reduce -89.2% |
| DAY Dayforce Inc. | 1.10% | 804,126 | $55.6M | New |
| MU Micron Technology Inc. | 1.07% | 189,521 | $54.1M | Add +243.0% |
| CCJ Cameco Corp. | 0.95% | 525,000 | $48.0M | Reduce -6.7% |
| FYBR Frontier Communications Pare | 0.82% | 1,093,846 | $41.6M | No change |
| AMAT Applied Materials Inc. | 0.68% | 134,368 | $34.5M | Add +194.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.68% | 119,066 | $34.2M | Add +778.6% |
| EXAS Exact Sciences Corp. | 0.67% | 331,682 | $33.7M | Add +7829.3% |
| TMUS T-Mobile US Inc. | 0.64% | 159,699 | $32.4M | Add +250.1% |
| RNAM Avidity Biosciences Inc. | 0.63% | 442,307 | $31.9M | New |
| ADBE Adobe Inc. | 0.63% | 90,511 | $31.7M | Reduce -1.2% |
| EWZ iShares MSCI Brazil ETF | 0.58% | 917,614 | $29.2M | Reduce -44.3% |
| HON Honeywell International Inc. | 0.57% | 146,406 | $28.6M | Add +7400.3% |
| EWW iShares MSCI Mexico ETF | 0.57% | 411,799 | $28.6M | Reduce -53.4% |
| MRK Merck & Co. Inc. | 0.52% | 250,000 | $26.3M | Add +310.2% |
| NSC Norfolk Southern Corp. | 0.45% | 79,000 | $22.8M | Add +64.6% |
| LBRDK Liberty Broadband-C | 0.44% | 452,555 | $22.0M | Add +11270.7% |
| ALGN Align Technology Inc. | 0.43% | 138,910 | $21.7M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.42% | 70,065 | $21.3M | Add +1040.2% |
| CMG Chipotle Mexican Grill Inc. | 0.36% | 498,204 | $18.4M | Add +7724.8% |
| WBD Warner Bros Discovery Inc. | 0.36% | 623,307 | $18.0M | Add +206.3% |
| PLTR Palantir Technologies Inc. Class A | 0.33% | 94,735 | $16.8M | Add +259.3% |
| CME Cme Group Inc. | 0.32% | 60,000 | $16.4M | No change |
| NTAP Netapp Inc. | 0.31% | 145,000 | $15.5M | New |
| CDTX Cidara Therapeutics Inc. | 0.30% | 68,821 | $15.2M | New |
| EXPE Expedia Group Inc. | 0.30% | 52,659 | $14.9M | Add +1567.0% |
| VTR Ventas Inc. | 0.27% | 177,204 | $13.7M | New |
| CWAN Clearwater Analytics HDS-A | 0.27% | 562,698 | $13.6M | New |
| ADSK Autodesk Inc. | 0.25% | 42,919 | $12.7M | Reduce -38.5% |
| CFG Citizens Financial Group | 0.24% | 209,000 | $12.2M | New |
| GM General Motors Co. | 0.19% | 120,607 | $9.8M | Add +2.8% |
| BMRN Biomarin Pharmaceutical Inc. | 0.18% | 152,752 | $9.1M | New |
| META Meta Platforms Inc. Class A | 0.17% | 12,760 | $8.4M | Reduce -67.6% |
| FSK FS KKR Capital Corp. | 0.16% | 535,211 | $7.9M | Add +32.7% |
| VTRS Viatris Inc. | 0.13% | 520,532 | $6.5M | Add +1.4% |
| JXN Jackson Financial Inc. Class A | 0.13% | 60,326 | $6.4M | No change |
| U Unity Software Inc. | 0.12% | 135,645 | $6.0M | New |
| PARR Par Pacific Holdings Inc. | 0.12% | 165,560 | $5.8M | Reduce -18.7% |
| ACHC Acadia Healthcare Co. Inc. | 0.11% | 406,543 | $5.8M | Add +225.2% |
| SUPN Supernus Pharmaceuticals Inc. | 0.11% | 113,093 | $5.6M | Add +383.6% |
| NOG Northern Oil and Gas Inc. | 0.11% | 257,612 | $5.5M | Add +77.9% |
| ARVN Arvinas Inc. | 0.11% | 454,517 | $5.4M | Reduce -24.9% |
| LQDA Liquidia Corp. | 0.11% | 155,006 | $5.3M | Add +805.4% |
| CRM Salesforce Inc. | 0.11% | 20,153 | $5.3M | Add +984.7% |
| GNTX Gentex Corp. | 0.11% | 229,071 | $5.3M | Add +163.5% |
| NUVB Nuvation Bio Inc. | 0.10% | 584,935 | $5.2M | Add +204.2% |
| TTWO Take-Two Interactive Softwre | 0.10% | 20,288 | $5.2M | Reduce -53.8% |
| PCG P G & E Corp. | 0.10% | 323,062 | $5.2M | Add +1402.7% |
| ALHC Alignment Healthcare Inc. | 0.10% | 259,406 | $5.1M | New |
| UBER Uber Technologies Inc. | 0.10% | 61,823 | $5.1M | Add +202.6% |
| KMPR Kemper Corp. | 0.10% | 123,508 | $5.0M | Add +2073.3% |
| BKNG Booking Holdings Inc. | 0.10% | 932 | $5.0M | Add +20.1% |
| EPRT Essential Properties Realty | 0.10% | 167,569 | $5.0M | Reduce -4.7% |
| TER Teradyne Inc. | 0.10% | 25,560 | $4.9M | New |
| GTLS Chart Industries Inc. | 0.10% | 23,567 | $4.9M | New |
| FE Firstenergy Corp. | 0.09% | 106,403 | $4.8M | Reduce -2.6% |
| RITM Rithm Capital Corp. | 0.09% | 433,862 | $4.7M | Add +1.4% |
| EA Electronic Arts Inc. | 0.09% | 23,000 | $4.7M | New |
| COHR Coherent Corp. | 0.09% | 24,965 | $4.6M | Reduce -80.8% |
| UAA Under Armour Inc. Class A | 0.09% | 924,555 | $4.6M | New |
| AROC Archrock Inc. | 0.09% | 173,762 | $4.5M | New |
| MSI Motorola Solutions Inc. | 0.09% | 11,549 | $4.4M | Add +46.0% |
| NOW ServiceNow Inc. | 0.09% | 28,028 | $4.3M | Add +514.6% |
| KWEB Kranesh Csi China Internet | 0.08% | 125,000 | $4.3M | Reduce -85.7% |
| TPC Tutor Perini Corp. | 0.08% | 63,503 | $4.3M | Reduce -12.8% |
| ARE Alexandria Real Estate Equit | 0.08% | 85,990 | $4.2M | Add +209.7% |
| EPR Epr Properties filed as EPR PPTYS | 0.08% | 83,183 | $4.2M | Reduce -4.8% |
| FISV Fiserv Inc. | 0.08% | 61,113 | $4.1M | New |
| CPRT Copart Inc. | 0.08% | 103,866 | $4.1M | Add +54.4% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.08% | 107,111 | $4.1M | New |
| FCNCA First Citizens Bcshs Class A | 0.08% | 1,856 | $4.0M | Add +65.0% |
| FCX Freeport-McMoran Inc. | 0.08% | 78,401 | $4.0M | Add +853.0% |
| CENX Century Aluminum Company | 0.08% | 101,449 | $4.0M | Add +62.7% |
| OKE Oneok Inc. | 0.08% | 53,721 | $3.9M | New |
| OTIS Otis Worldwide Corp. | 0.08% | 45,059 | $3.9M | Add +1583.2% |
| SYF Synchrony Financial | 0.08% | 46,159 | $3.9M | Reduce -4.5% |
| MRVL Marvell Technology Inc. | 0.08% | 45,169 | $3.8M | Add +374.0% |
| GDDY GoDaddy Inc. Class A | 0.08% | 30,712 | $3.8M | Add +6.4% |
| DINO HF Sinclair Corp. | 0.08% | 82,382 | $3.8M | Add +206.2% |
| SHOP Shopify Inc. Class A | 0.08% | 23,574 | $3.8M | Reduce -29.9% |
| PCAR Paccar Inc. | 0.08% | 34,630 | $3.8M | Reduce -16.0% |
| APP AppLovin Corp. Class A | 0.07% | 5,482 | $3.7M | Reduce -34.8% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.07% | 130,581 | $3.7M | Add +12.9% |
| CSCO Cisco Systems Inc. | 0.07% | 47,609 | $3.7M | Reduce -4.8% |
| LX Lexinfintech Holdings L-ADR | 0.07% | 1,100,618 | $3.6M | New |
| SM SM Energy Co. | 0.07% | 192,051 | $3.6M | Add +40.7% |
Options reported separately and not counted above: CLS calls ($29.6M), ANET calls ($26.2M).
Portfolio Sells Q3 2025 → Q4 2025
| AAPL Apple Inc. | Reduce -89.2% | 1.25% | −13.78 |
| MSFT Microsoft Corp. | Reduce -73.0% | 1.78% | −7.99 |
| AMZN Amazon.com Inc. | Reduce -34.5% | 4.65% | −4.71 |
| INTC Intel Corp. | Reduce -99.2% | 0.02% | −3.11 |
| NFLX Netflix Inc. | Reduce -98.7% | 0.01% | −1.25 |
| K Kellanova | Sold out | 0.00% | −1.19 |
| EWW iShares MSCI Mexico ETF | Reduce -53.4% | 0.57% | −1.09 |
| KWEB Kranesh Csi China Internet | Reduce -85.7% | 0.08% | −0.92 |
| EWZ iShares MSCI Brazil ETF | Reduce -44.3% | 0.58% | −0.82 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.67 |
| META Meta Platforms Inc. Class A | Reduce -67.6% | 0.17% | −0.63 |
| ALE Allete Inc. | Sold out | 0.00% | −0.60 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.56 |
| HPE Hewlett Packard Enterprise | Reduce -97.7% | 0.01% | −0.41 |
| BA The Boeing Co. | Reduce -85.1% | 0.05% | −0.39 |
| ADSK Autodesk Inc. | Reduce -38.5% | 0.25% | −0.36 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.34 |
| CCJ Cameco Corp. | Reduce -6.7% | 0.95% | −0.34 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.30 |
| COHR Coherent Corp. | Reduce -80.8% | 0.09% | −0.29 |
| BWXT BWX Technologies Inc. | Reduce -93.4% | 0.01% | −0.28 |
| SHLD Global X Defense Tech ETF | Sold out | 0.00% | −0.28 |
| MEDP Medpace Holdings Inc. | Reduce -95.8% | 0.01% | −0.28 |
| GE General Electric | Reduce -93.0% | 0.01% | −0.27 |
| MS Morgan Stanley | Sold out | 0.00% | −0.27 |
| BNY Bank of New York Mellon Corp. | Reduce -96.2% | 0.01% | −0.27 |
| ADBE Adobe Inc. | Reduce -1.2% | 0.63% | −0.26 |
| ORCL Oracle Corp. | Reduce -76.0% | 0.03% | −0.25 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.25 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.24 |
| DASH DoorDash Inc. Class A | Reduce -72.5% | 0.05% | −0.23 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.23 |
| TTWO Take-Two Interactive Softwre | Reduce -53.8% | 0.10% | −0.21 |
| Z Zillow Group Inc. Class C | Reduce -96.5% | 0.00% | −0.21 |
| UNH Unitedhealth Group Inc. | Reduce -80.8% | 0.03% | −0.20 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.19 |
| RKT Rocket Cos Inc. Class A | Sold out | 0.00% | −0.19 |
| GNW Genworth Financial Inc. | Reduce -81.7% | 0.03% | −0.19 |
| PBF PBF Energy Inc. Class A | Sold out | 0.00% | −0.18 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.18 |
| LITE Lumentum Holdings Inc. | Reduce -82.2% | 0.07% | −0.17 |
| PFGC Performance Food Group Co. | Sold out | 0.00% | −0.16 |
| XME SS SPDR S&P Metals Mining | Sold out | 0.00% | −0.14 |
| TDG Transdigm Group Inc. | Reduce -85.2% | 0.02% | −0.14 |
| TDY Teledyne Technologies Inc. | Sold out | 0.00% | −0.14 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.14 |
| CRK Comstock Resources Inc. | Sold out | 0.00% | −0.14 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.14 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.13 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.13 |
Portfolio Buys Q3 2025 → Q4 2025
| AMD Advanced Micro Devices | New | 9.35% | +9.35 |
| BP BP PLC-Spons ADR | New | 7.16% | +7.16 |
| B Barrick Mining Corp. | New | 5.16% | +5.16 |
| TSLA Tesla Inc. | Add +69.3% | 19.30% | +3.69 |
| AVGO Broadcom Inc. | Add +8507.4% | 3.40% | +3.35 |
| NVDA Nvidia Corp. | Add +479.9% | 3.17% | +2.41 |
| ISRG Intuitive Surgical Inc. | Add +24539.8% | 1.89% | +1.88 |
| TECK Teck Resources Ltd.-CLS B | Add +318.2% | 2.68% | +1.86 |
| GOOG Alphabet Inc. Class C | New | 1.63% | +1.63 |
| GOOGL Alphabet Inc. Class A | Add +2655.0% | 1.55% | +1.49 |
| GILD Gilead Sciences Inc. | New | 1.34% | +1.34 |
| DAY Dayforce Inc. | New | 1.10% | +1.10 |
| MU Micron Technology Inc. | Add +243.0% | 1.07% | +0.82 |
| EXAS Exact Sciences Corp. | Add +7829.3% | 0.67% | +0.66 |
| RNAM Avidity Biosciences Inc. | New | 0.63% | +0.63 |
| HLT Hilton Worldwide Holdings Inc. | Add +778.6% | 0.68% | +0.58 |
| HON Honeywell International Inc. | Add +7400.3% | 0.57% | +0.55 |
| UEC Uranium Energy Corp. | Add +110.3% | 2.05% | +0.51 |
| ALGN Align Technology Inc. | New | 0.43% | +0.43 |
| LBRDK Liberty Broadband-C | Add +11270.7% | 0.44% | +0.43 |
| AMAT Applied Materials Inc. | Add +194.8% | 0.68% | +0.43 |
| MRK Merck & Co. Inc. | Add +310.2% | 0.52% | +0.38 |
| TSM Taiwan Semiconductor-SP ADR | Add +1040.2% | 0.42% | +0.37 |
| CMG Chipotle Mexican Grill Inc. | Add +7724.8% | 0.36% | +0.36 |
| TMUS T-Mobile US Inc. | Add +250.1% | 0.64% | +0.34 |
| NTAP Netapp Inc. | New | 0.31% | +0.31 |
| CDTX Cidara Therapeutics Inc. | New | 0.30% | +0.30 |
| EXPE Expedia Group Inc. | Add +1567.0% | 0.30% | +0.28 |
| VTR Ventas Inc. | New | 0.27% | +0.27 |
| CWAN Clearwater Analytics HDS-A | New | 0.27% | +0.27 |
| WBD Warner Bros Discovery Inc. | Add +206.3% | 0.36% | +0.25 |
| CFG Citizens Financial Group | New | 0.24% | +0.24 |
| PLTR Palantir Technologies Inc. Class A | Add +259.3% | 0.33% | +0.20 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.18% | +0.18 |
| U Unity Software Inc. | New | 0.12% | +0.12 |
| ALHC Alignment Healthcare Inc. | New | 0.10% | +0.10 |
| TER Teradyne Inc. | New | 0.10% | +0.10 |
| GTLS Chart Industries Inc. | New | 0.10% | +0.10 |
| LQDA Liquidia Corp. | Add +805.4% | 0.11% | +0.10 |
| PCG P G & E Corp. | Add +1402.7% | 0.10% | +0.09 |
| CRM Salesforce Inc. | Add +984.7% | 0.11% | +0.09 |
| EA Electronic Arts Inc. | New | 0.09% | +0.09 |
| KMPR Kemper Corp. | Add +2073.3% | 0.10% | +0.09 |
| UAA Under Armour Inc. Class A | New | 0.09% | +0.09 |
| AROC Archrock Inc. | New | 0.09% | +0.09 |
| NUVB Nuvation Bio Inc. | Add +204.2% | 0.10% | +0.08 |
| FISV Fiserv Inc. | New | 0.08% | +0.08 |
| SUPN Supernus Pharmaceuticals Inc. | Add +383.6% | 0.11% | +0.08 |
| TTD Trade Desk Inc./the Class A | New | 0.08% | +0.08 |
| OKE Oneok Inc. | New | 0.08% | +0.08 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 700,000 | $466.3Mbefore exit |
| SNDK Sandisk Corp. | put | Sold out | 300,000 | $33.7Mbefore exit |
| SMH Vaneck Semiconductor ETF | put | Sold out | 100,000 | $32.6Mbefore exit |
| CLS Celestica Inc. | call | New | 100,000 | $29.6M |
| K Kellanova | put | Sold out | 350,000 | $28.7Mbefore exit |
| ANET Arista Networks Inc. | call | New | 200,000 | $26.2M |
| WBD Warner Bros Discovery Inc. | put | Sold out | 1,200,000 | $23.4Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.