CMT Capital Markets Trading GmbH
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), CMT Capital Markets Trading GmbH reported 72 stock positions worth $207.7 million. Its top holding was Shopify Class A (SHOP) at 8.9% of the portfolio, followed by Adobe (ADBE, 8.8%) and Citigroup (C, 6.2%). Compared with Q1 2025, it opened 22 new positions, sold out of 21, added to 26 and reduced 24. The biggest buy was Shopify Class A (SHOP, shares +4527%) and the biggest sale an exit from Meta Platforms Class A (META).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001632813
- Portfolio Value
- $207.7M (Q2 2025)
- SEC Filing
- 0001632813-25-000003 ↗ filed Aug 13, 2025
Holdings Value
Holdings 72 stocks · $207.7M
| SHOP Shopify Inc. Class A | 8.86% | 159,500 | $18.4M | Add +4527.2% |
| ADBE Adobe Inc. | 8.75% | 47,000 | $18.2M | Add +3257.1% |
| C Citigroup Inc. | 6.25% | 152,500 | $13.0M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 5.97% | 100,000 | $12.4M | Reduce -43.8% |
| BABA Alibaba Group Holding-SP ADR | 5.70% | 104,500 | $11.9M | Add +23.7% |
| PDD PDD Holdings Inc. | 5.44% | 107,927 | $11.3M | Reduce -7.8% |
| WMT Walmart Inc. | 4.75% | 101,000 | $9.9M | Add +358.3% |
| SBUX Starbucks Corp. | 4.22% | 95,650 | $8.8M | Reduce -68.5% |
| CRM Salesforce Inc. | 3.12% | 23,800 | $6.5M | Add +198.4% |
| TSLA Tesla Inc. | 2.87% | 18,752 | $6.0M | Add +856.7% |
| GS Goldman Sachs Group Inc. | 2.61% | 7,650 | $5.4M | New |
| TLT iShares 20+ Year Treasury BD | 2.40% | 56,581 | $5.0M | New |
| UBER Uber Technologies Inc. | 1.99% | 44,274 | $4.1M | Add +23.3% |
| BIDU Baidu Inc. - Spon ADR | 1.94% | 47,000 | $4.0M | Add +75.8% |
| ARM Arm Holdings PLC-ADR | 1.90% | 24,399 | $3.9M | Add +302.2% |
| SMCI Super Micro Computer Inc. | 1.78% | 75,505 | $3.7M | Add +75.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.67% | 50,152 | $3.5M | Add +18.1% |
| VALE Vale SA-SP ADR | 1.54% | 329,753 | $3.2M | New |
| SMH Vaneck Semiconductor ETF | 1.40% | 10,437 | $2.9M | Add +766.1% |
| NIO Nio Inc. - ADR | 1.38% | 838,000 | $2.9M | Add +52.9% |
| F Ford Motor Co. filed as FORD MTR CO | 1.31% | 250,648 | $2.7M | Add +1128.9% |
| TGT Target Corp. | 1.23% | 25,900 | $2.6M | Add +130.7% |
| AMD Advanced Micro Devices | 1.15% | 16,848 | $2.4M | Reduce -28.8% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 1.11% | 130,534 | $2.3M | Add +432.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.10% | 10,110 | $2.3M | Reduce -89.3% |
| PBR Petroleo Brasileiro-Spon ADR | 1.02% | 168,984 | $2.1M | Add +106.0% |
| WFC Wells Fargo & Co. | 0.96% | 25,000 | $2.0M | Add +132.6% |
| KHC The Kraft Heinz Co. | 0.94% | 75,500 | $1.9M | New |
| COIN Coinbase Global Inc. Class A | 0.94% | 5,550 | $1.9M | Reduce -32.3% |
| ABNB Airbnb Inc. Class A | 0.93% | 14,636 | $1.9M | Add +349.5% |
| PFE Pfizer Inc. | 0.88% | 75,000 | $1.8M | Add +107.3% |
| XYZ Block Inc. | 0.79% | 24,273 | $1.6M | Add +129.1% |
| GM General Motors Co. | 0.79% | 33,368 | $1.6M | Add +200.4% |
| AAL American Airlines Group Inc. | 0.68% | 126,300 | $1.4M | Reduce -3.5% |
| GDX Vaneck Gold Miners ETF | 0.59% | 23,437 | $1.2M | Reduce -10.5% |
| EA Electronic Arts Inc. | 0.58% | 7,500 | $1.2M | Add +305.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.56% | 2,104 | $1.2M | Reduce -74.2% |
| TEVA Teva Pharmaceutical-SP ADR | 0.55% | 68,059 | $1.1M | Reduce -12.1% |
| MSFT Microsoft Corp. | 0.51% | 2,150 | $1.1M | New |
| RIVN Rivian Automotive Inc. Class A | 0.51% | 77,472 | $1.1M | Add +463.5% |
| AAPL Apple Inc. | 0.48% | 4,850 | $995K | Reduce -38.0% |
| DELL Dell Technologies -C | 0.47% | 7,932 | $972K | New |
| MS Morgan Stanley | 0.45% | 6,682 | $941K | Reduce -11.1% |
| SOFI Sofi Technologies Inc. | 0.43% | 49,258 | $897K | Add +34.5% |
| LYFT LYFT Inc. Class A | 0.42% | 55,255 | $871K | Reduce -45.2% |
| XLE SS Energy Select Sector | 0.40% | 9,872 | $837K | Add +3.0% |
| KLAC KLA Corp. | 0.40% | 924 | $828K | New |
| NEM Newmont Corp. | 0.39% | 14,055 | $819K | Reduce -7.9% |
| RBLX Roblox Corp. Class A | 0.37% | 7,323 | $770K | Reduce -9.6% |
| LULU Lululemon Athletica Inc. | 0.33% | 2,895 | $688K | New |
| CVX Chevron Corp. | 0.29% | 4,230 | $606K | New |
| TMUS T-Mobile US Inc. | 0.28% | 2,461 | $586K | Reduce -5.7% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.27% | 4,510 | $557K | Reduce -2.7% |
| XPEV Xpeng Inc. - ADR | 0.26% | 30,000 | $536K | New |
| MRVL Marvell Technology Inc. | 0.25% | 6,629 | $513K | New |
| SNAP Snap Inc. Class A | 0.23% | 55,000 | $478K | Reduce -27.3% |
| INTC Intel Corp. | 0.22% | 20,305 | $455K | Reduce -8.1% |
| AXP American Express Co. | 0.21% | 1,389 | $443K | Reduce -98.4% |
| AMAT Applied Materials Inc. | 0.21% | 2,398 | $439K | New |
| EWZ iShares MSCI Brazil ETF | 0.20% | 14,747 | $425K | Reduce -50.6% |
| GDXJ Vaneck Junior Gold Miners | 0.19% | 5,957 | $403K | New |
| UAL United Airlines Holdings Inc. | 0.17% | 4,383 | $349K | New |
| UNH Unitedhealth Group Inc. | 0.16% | 1,089 | $340K | New |
| SCHW Schwab (charles) Corp. | 0.16% | 3,700 | $338K | New |
| JD Jd.com Inc.-ADR | 0.16% | 10,200 | $333K | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.15% | 22,901 | $314K | New |
| MU Micron Technology Inc. | 0.14% | 2,410 | $297K | Reduce -94.2% |
| W Wayfair Inc. Class A | 0.14% | 5,573 | $285K | Reduce -81.0% |
| FDX FedEx Corp. | 0.13% | 1,225 | $278K | New |
| WDC Western Digital Corp. | 0.13% | 4,220 | $270K | New |
| APA Apa Corp. | 0.10% | 11,780 | $215K | New |
| GOOGL Alphabet Inc. Class A | 0.10% | 1,142 | $201K | Reduce -89.2% |
Options reported separately and not counted above: NETFLIX INC. puts ($917.3M), META PLATFORMS INC calls ($603.5M), MICROSOFT CORP calls ($411.2M), META PLATFORMS INC puts ($410.9M), ADOBE INC puts ($339.9M), APPLE INC calls ($336.6M), JPMORGAN CHASE & CO calls ($269.8M), JPMORGAN CHASE & CO puts ($245.5M), MICROSOFT CORP puts ($226.4M), GOLDMAN SACHS GROUP INC calls ($185.2M), NETFLIX INC. calls ($183.9M), ROBINHOOD MKTS INC calls ($172.4M), and 221 more.
Portfolio Sells Q1 2025 → Q2 2025
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −12.36 |
| AXP American Express Co. | Reduce -98.4% | 0.21% | −9.52 |
| SBUX Starbucks Corp. | Reduce -68.5% | 4.22% | −8.10 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −6.15 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -89.3% | 1.10% | −5.41 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −5.38 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −2.00 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.33 |
| DIS The Walt Disney Co. | Reduce -43.8% | 5.97% | −1.29 |
| MU Micron Technology Inc. | Reduce -94.2% | 0.14% | −1.24 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −1.13 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -74.2% | 0.56% | −1.02 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.77 |
| TIGR Up Fintech Holding Ltd. - ADR | Sold out | 0.00% | −0.61 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.61 |
| GOOGL Alphabet Inc. Class A | Reduce -89.2% | 0.10% | −0.57 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.49 |
| BITO Proshares Bitcoin ETF-Usd | Sold out | 0.00% | −0.38 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.36 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.31 |
| PDD PDD Holdings Inc. | Reduce -7.8% | 5.44% | −0.29 |
| W Wayfair Inc. Class A | Reduce -81.0% | 0.14% | −0.25 |
| AAPL Apple Inc. | Reduce -38.0% | 0.48% | −0.24 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.22 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.21 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.18 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.17 |
| EWZ iShares MSCI Brazil ETF | Reduce -50.6% | 0.20% | −0.11 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.11 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.09 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.09 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.09 |
| LYFT LYFT Inc. Class A | Reduce -45.2% | 0.42% | −0.08 |
| SNAP Snap Inc. Class A | Reduce -27.3% | 0.23% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -5.7% | 0.28% | −0.01 |
| INTC Intel Corp. | Reduce -8.1% | 0.22% | +0.01 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -12.1% | 0.55% | +0.06 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -2.7% | 0.27% | +0.07 |
| GDX Vaneck Gold Miners ETF | Reduce -10.5% | 0.59% | +0.09 |
| NEM Newmont Corp. | Reduce -7.9% | 0.39% | +0.09 |
| MS Morgan Stanley | Reduce -11.1% | 0.45% | +0.09 |
| AAL American Airlines Group Inc. | Reduce -3.5% | 0.68% | +0.11 |
| RBLX Roblox Corp. Class A | Reduce -9.6% | 0.37% | +0.18 |
| AMD Advanced Micro Devices | Reduce -28.8% | 1.15% | +0.27 |
| COIN Coinbase Global Inc. Class A | Reduce -32.3% | 0.94% | +0.35 |
Portfolio Buys Q1 2025 → Q2 2025
| SHOP Shopify Inc. Class A | Add +4527.2% | 8.86% | +8.72 |
| ADBE Adobe Inc. | Add +3257.1% | 8.75% | +8.53 |
| C Citigroup Inc. | New | 6.25% | +6.25 |
| WMT Walmart Inc. | Add +358.3% | 4.75% | +3.95 |
| TSLA Tesla Inc. | Add +856.7% | 2.87% | +2.75 |
| GS Goldman Sachs Group Inc. | New | 2.61% | +2.61 |
| TLT iShares 20+ Year Treasury BD | New | 2.40% | +2.40 |
| CRM Salesforce Inc. | Add +198.4% | 3.12% | +2.24 |
| ARM Arm Holdings PLC-ADR | Add +302.2% | 1.90% | +1.63 |
| VALE Vale SA-SP ADR | New | 1.54% | +1.54 |
| SMH Vaneck Semiconductor ETF | Add +766.1% | 1.40% | +1.30 |
| F Ford Motor Co. | Add +1128.9% | 1.31% | +1.22 |
| SMCI Super Micro Computer Inc. | Add +75.0% | 1.78% | +1.17 |
| BABA Alibaba Group Holding-SP ADR | Add +23.7% | 5.70% | +1.08 |
| BEKE Ke Holdings Inc.-ADR | Add +432.8% | 1.11% | +1.08 |
| BIDU Baidu Inc. - Spon ADR | Add +75.8% | 1.94% | +1.00 |
| KHC The Kraft Heinz Co. | New | 0.94% | +0.94 |
| UBER Uber Technologies Inc. | Add +23.3% | 1.99% | +0.91 |
| ABNB Airbnb Inc. Class A | Add +349.5% | 0.93% | +0.77 |
| TGT Target Corp. | Add +130.7% | 1.23% | +0.75 |
| WFC Wells Fargo & Co. | Add +132.6% | 0.96% | +0.65 |
| GM General Motors Co. | Add +200.4% | 0.79% | +0.57 |
| XYZ Block Inc. | Add +129.1% | 0.79% | +0.56 |
| PBR Petroleo Brasileiro-Spon ADR | Add +106.0% | 1.02% | +0.53 |
| NIO Nio Inc. - ADR | Add +52.9% | 1.38% | +0.52 |
| MSFT Microsoft Corp. | New | 0.51% | +0.51 |
| PFE Pfizer Inc. | Add +107.3% | 0.88% | +0.50 |
| DELL Dell Technologies -C | New | 0.47% | +0.47 |
| EA Electronic Arts Inc. | Add +305.4% | 0.58% | +0.47 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +18.1% | 1.67% | +0.45 |
| RIVN Rivian Automotive Inc. Class A | Add +463.5% | 0.51% | +0.44 |
| KLAC KLA Corp. | New | 0.40% | +0.40 |
| LULU Lululemon Athletica Inc. | New | 0.33% | +0.33 |
| CVX Chevron Corp. | New | 0.29% | +0.29 |
| XPEV Xpeng Inc. - ADR | New | 0.26% | +0.26 |
| SOFI Sofi Technologies Inc. | Add +34.5% | 0.43% | +0.26 |
| MRVL Marvell Technology Inc. | New | 0.25% | +0.25 |
| AMAT Applied Materials Inc. | New | 0.21% | +0.21 |
| GDXJ Vaneck Junior Gold Miners | New | 0.19% | +0.19 |
| UAL United Airlines Holdings Inc. | New | 0.17% | +0.17 |
| UNH Unitedhealth Group Inc. | New | 0.16% | +0.16 |
| SCHW Schwab (charles) Corp. | New | 0.16% | +0.16 |
| JD Jd.com Inc.-ADR | New | 0.16% | +0.16 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.15% | +0.15 |
| FDX FedEx Corp. | New | 0.13% | +0.13 |
| WDC Western Digital Corp. | New | 0.13% | +0.13 |
| APA Apa Corp. | New | 0.10% | +0.10 |
| XLE SS Energy Select Sector | Add +3.0% | 0.40% | +0.03 |
Options Activity Q1 2025 → Q2 2025
| NETFLIX INC. | put | Reduce -3.3% | 685,000 | $917.3M |
| META PLATFORMS INC | call | Add +12.9% | 817,600 | $603.5M |
| MICROSOFT CORP | call | Reduce -8.7% | 826,700 | $411.2M |
| META PLATFORMS INC | put | Reduce -15.6% | 556,700 | $410.9M |
| ADOBE INC | put | Add +113.1% | 878,600 | $339.9M |
| APPLE INC | call | Add +24.3% | 1,640,400 | $336.6M |
| JPMORGAN CHASE & CO | call | Add +1.3% | 930,600 | $269.8M |
| JPMORGAN CHASE & CO | put | Reduce -23.4% | 846,900 | $245.5M |
| MICROSOFT CORP | put | Add +75.7% | 455,100 | $226.4M |
| GOLDMAN SACHS GROUP INC | call | Add +26.3% | 261,700 | $185.2M |
| NETFLIX INC. | call | Add +106.5% | 137,300 | $183.9M |
| ROBINHOOD MKTS INC | call | Add +17.4% | 1,841,000 | $172.4M |
| CITIGROUP INC | call | Reduce -10.8% | 2,005,800 | $170.7M |
| ALPHABET INC | put | Reduce -23.9% | 874,600 | $154.1M |
| TESLA INC | put | Add +37.5% | 478,700 | $152.1M |
| TAIWAN SEMICONDUCTOR MANUFAC | put | New | 597,700 | $135.4M |
| CITIGROUP INC | put | Reduce -4.5% | 1,555,300 | $132.4M |
| VANECK ETF TRUST | put | Reduce -2.9% | 2,540,000 | $132.2M |
| GOLDMAN SACHS GROUP INC | put | Add +6.5% | 179,300 | $126.9M |
| ALPHABET INC | call | Add +2.7% | 713,100 | $125.7M |
| BROADCOM INC | put | Reduce -14.4% | 421,500 | $116.2M |
| STATE STR SPDR S&P 500 ETF T | put | Reduce -6.6% | 176,100 | $108.8M |
| COINBASE GLOBAL INC | call | Reduce -4.2% | 306,800 | $107.5M |
| BROADCOM INC | call | Reduce -17.1% | 354,500 | $97.7M |
| NVIDIA CORPORATION | put | Add +84.1% | 612,000 | $96.7M |
| AMERICAN EXPRESS CO | call | Reduce -23.3% | 301,000 | $96.0M |
| PAYPAL HLDGS INC | put | Add +51.1% | 1,262,400 | $93.8M |
| VANECK ETF TRUST | call | Reduce -14.4% | 1,792,000 | $93.3M |
| AMAZON COM INC | put | Reduce -11.8% | 393,100 | $86.2M |
| SALESFORCE INC | call | Reduce -1.6% | 287,900 | $78.5M |
| SHOPIFY INC | call | Add +26.3% | 651,600 | $75.2M |
| TESLA INC | call | Reduce -37.0% | 228,300 | $72.5M |
| APPLE INC | put | Add +37.0% | 297,000 | $60.9M |
| INTERNATIONAL BUSINESS MACHS | put | Reduce -29.4% | 205,800 | $60.7M |
| STARBUCKS CORP | call | Add +23.7% | 629,400 | $57.7M |
| WELLS FARGO & CO | put | Reduce -10.9% | 693,800 | $55.6M |
| ADVANCED MICRO DEVICES INC | put | Add +4.4% | 383,800 | $54.5M |
| SPDR GOLD TR | call | Add +37.5% | 174,900 | $53.3M |
| AMERICAN EXPRESS CO | put | Reduce -37.5% | 165,300 | $52.7M |
| COINBASE GLOBAL INC | put | Reduce -29.9% | 144,700 | $50.7M |
| ROBINHOOD MKTS INC | put | Add +42.0% | 536,800 | $50.3M |
| DISNEY WALT CO | put | Reduce -75.3% | 380,300 | $47.2M |
| ALIBABA GROUP HLDG LTD | put | Sold out | 351,300 | $46.5Mbefore exit |
| STARBUCKS CORP | put | Reduce -1.0% | 475,500 | $43.6M |
| UBER TECHNOLOGIES INC | put | Add +68.5% | 447,900 | $41.8M |
| ARM HOLDINGS PLC | put | Add +45.7% | 249,700 | $40.4M |
| NVIDIA CORPORATION | call | Add +288.5% | 254,100 | $40.1M |
| VALE S A | put | Add +127.0% | 4,044,000 | $39.3M |
| PDD HOLDINGS INC | call | Reduce -14.2% | 370,200 | $38.7M |
| STATE STR SPDR S&P 500 ETF T | call | Reduce -72.5% | 60,000 | $37.1M |
Showing the first 50 of 246.
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 | 103 | $191.1M | META, AXP, MSFT, AAPL, BABA |
| Q1 2026 | 101 | $216.2M | JPM, AXP, META, CRM, BIDU |
| Q4 2025Amended | 84 | $151.1M | SBUX, PDD, BABA, EA, GOOGL |
| Q3 2025 | 83 | $240.7M | C, SHOP, GS, SBUX, MSFT |
| Q2 2025 | 72 | $207.7M | SHOP, ADBE, C, DIS, BABA |
| Q1 2025 | 71 | $241.8M | META, SBUX, AXP, DIS, TSM |
| Q4 2024 | 61 | $167.9M | SBUX, NFLX, BABA, IBM, WFC |
| Q3 2024 | 73 | $218.9M | NFLX, FDX, SBUX, GDX, BP |
| Q2 2024 | 75 | $351.7M | NVDA, NFLX, AVGO, META, PDD |
| Q1 2024 | 61 | $219.2M | AAPL, NFLX, AAL, C, W |