CMT Capital Markets Trading GmbH
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), CMT Capital Markets Trading GmbH reported 83 stock positions worth $240.7 million. Its top holding was Citigroup (C) at 8.0% of the portfolio, followed by Shopify Class A (SHOP, 7.9%) and Goldman Sachs (GS, 7.7%). Compared with Q2 2025, it opened 30 new positions, sold out of 19, added to 21 and reduced 32. The biggest buy was Goldman Sachs (GS, shares +203%) and the biggest sale Adobe (ADBE, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001632813
- Portfolio Value
- $240.7M (Q3 2025)
- SEC Filing
- 0001632813-25-000007 ↗ filed Nov 12, 2025
Holdings Value
Holdings 83 stocks · $240.7M
| C Citigroup Inc. | 8.00% | 189,800 | $19.3M | Add +24.5% |
| SHOP Shopify Inc. Class A | 7.86% | 127,250 | $18.9M | Reduce -20.2% |
| GS Goldman Sachs Group Inc. | 7.67% | 23,175 | $18.5M | Add +202.9% |
| SBUX Starbucks Corp. | 6.89% | 195,985 | $16.6M | Add +104.9% |
| MSFT Microsoft Corp. | 3.94% | 18,300 | $9.5M | Add +751.2% |
| BABA Alibaba Group Holding-SP ADR | 3.86% | 52,000 | $9.3M | Reduce -50.2% |
| GLD SPDR Gold Shares | 3.78% | 25,625 | $9.1M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.61% | 75,850 | $8.7M | Reduce -24.1% |
| PDD PDD Holdings Inc. | 3.29% | 59,934 | $7.9M | Reduce -44.5% |
| MDB Mongodb Inc. | 3.02% | 23,442 | $7.3M | New |
| MU Micron Technology Inc. | 2.87% | 41,341 | $6.9M | Add +1615.4% |
| EWZ iShares MSCI Brazil ETF | 2.50% | 193,779 | $6.0M | Add +1214.0% |
| UBER Uber Technologies Inc. | 2.34% | 57,474 | $5.6M | Add +29.8% |
| WMT Walmart Inc. | 2.20% | 51,300 | $5.3M | Reduce -49.2% |
| EA Electronic Arts Inc. | 2.10% | 25,000 | $5.0M | Add +233.3% |
| WFC Wells Fargo & Co. | 2.08% | 59,650 | $5.0M | Add +138.6% |
| ORCL Oracle Corp. | 1.84% | 15,707 | $4.4M | New |
| GOOGL Alphabet Inc. Class A | 1.63% | 16,098 | $3.9M | Add +1309.6% |
| TGT Target Corp. | 1.53% | 41,100 | $3.7M | Add +58.7% |
| CAT Caterpillar Inc. | 1.42% | 7,157 | $3.4M | New |
| VALE Vale SA-SP ADR | 1.42% | 313,875 | $3.4M | Reduce -4.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.37% | 59,289 | $3.3M | Add +18.2% |
| SNPS Synopsys Inc. | 1.21% | 5,877 | $2.9M | New |
| AMD Advanced Micro Devices | 1.15% | 17,122 | $2.8M | Add +1.6% |
| SNAP Snap Inc. Class A | 1.13% | 352,891 | $2.7M | Add +541.6% |
| QQQ Invesco QQQ Trust Series 1 | 1.10% | 4,390 | $2.6M | Add +108.7% |
| PLTR Palantir Technologies Inc. Class A | 1.04% | 13,673 | $2.5M | New |
| AAPL Apple Inc. | 1.03% | 9,750 | $2.5M | Add +101.0% |
| JD Jd.com Inc.-ADR | 0.98% | 67,500 | $2.4M | Add +561.8% |
| BILI Bilibili Inc.-Sponsored ADR | 0.82% | 69,933 | $2.0M | New |
| PBR Petroleo Brasileiro-Spon ADR | 0.80% | 151,631 | $1.9M | Reduce -10.3% |
| AVGO Broadcom Inc. | 0.69% | 5,067 | $1.7M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.61% | 2,200 | $1.5M | New |
| ADBE Adobe Inc. | 0.61% | 4,134 | $1.5M | Reduce -91.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.59% | 1,476 | $1.4M | New |
| ARM Arm Holdings PLC-ADR | 0.59% | 10,014 | $1.4M | Reduce -59.0% |
| AXP American Express Co. | 0.54% | 3,925 | $1.3M | Add +182.6% |
| AAL American Airlines Group Inc. | 0.54% | 115,900 | $1.3M | Reduce -8.2% |
| CRM Salesforce Inc. | 0.54% | 5,493 | $1.3M | Reduce -76.9% |
| FXI iShares China Large-Cap ETF | 0.54% | 31,322 | $1.3M | New |
| TEVA Teva Pharmaceutical-SP ADR | 0.53% | 63,689 | $1.3M | Reduce -6.4% |
| RBLX Roblox Corp. Class A | 0.51% | 8,833 | $1.2M | Add +20.6% |
| LYFT LYFT Inc. Class A | 0.50% | 54,759 | $1.2M | Reduce -0.9% |
| COIN Coinbase Global Inc. Class A | 0.45% | 3,226 | $1.1M | Reduce -41.9% |
| ABNB Airbnb Inc. Class A | 0.40% | 7,985 | $970K | Reduce -45.4% |
| LI Li Auto Inc. - ADR | 0.40% | 37,880 | $960K | New |
| SMH Vaneck Semiconductor ETF | 0.39% | 2,858 | $933K | Reduce -72.6% |
| LVS Las Vegas Sands Corp. | 0.36% | 16,057 | $864K | New |
| XLE SS Energy Select Sector | 0.36% | 9,657 | $863K | Reduce -2.2% |
| MRVL Marvell Technology Inc. | 0.35% | 9,941 | $836K | Add +50.0% |
| XOM Exxon Mobil Corp. | 0.35% | 7,399 | $834K | New |
| LULU Lululemon Athletica Inc. | 0.33% | 4,474 | $796K | Add +54.5% |
| CCL Carnival Corp. | 0.33% | 27,499 | $795K | New |
| NEM Newmont Corp. | 0.31% | 8,889 | $749K | Reduce -36.8% |
| RGLD Royal Gold Inc. | 0.29% | 3,488 | $700K | New |
| MS Morgan Stanley | 0.24% | 3,694 | $587K | Reduce -44.7% |
| NKE Nike Inc. Class B | 0.24% | 8,214 | $573K | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.23% | 29,591 | $562K | Reduce -77.3% |
| ADSK Autodesk Inc. | 0.23% | 1,712 | $544K | New |
| KLAC KLA Corp. | 0.22% | 502 | $541K | Reduce -45.7% |
| DELL Dell Technologies -C | 0.21% | 3,600 | $510K | Reduce -54.6% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.21% | 2,911 | $506K | Reduce -35.5% |
| WYNN WYNN Resorts Ltd. | 0.20% | 3,842 | $493K | New |
| NFLX Netflix Inc. | 0.20% | 409 | $490K | New |
| GDX Vaneck Gold Miners ETF | 0.20% | 6,327 | $483K | Reduce -73.0% |
| RIVN Rivian Automotive Inc. Class A | 0.19% | 31,895 | $468K | Reduce -58.8% |
| XPEV Xpeng Inc. - ADR | 0.19% | 19,599 | $459K | Reduce -34.7% |
| XYZ Block Inc. | 0.16% | 5,258 | $380K | Reduce -78.3% |
| NVDA Nvidia Corp. | 0.15% | 1,939 | $362K | New |
| PYPL PayPal Holdings Inc. | 0.15% | 5,281 | $354K | New |
| PFE Pfizer Inc. | 0.15% | 13,800 | $352K | Reduce -81.6% |
| IBKR Interactive Brokers Gro Class A | 0.14% | 4,999 | $344K | New |
| CMG Chipotle Mexican Grill Inc. | 0.14% | 8,299 | $325K | New |
| DKNG Draftkings Inc. Class A | 0.11% | 7,146 | $267K | New |
| VST Vistra Corp. | 0.11% | 1,337 | $262K | New |
| SE Sea Ltd.-ADR | 0.11% | 1,427 | $255K | New |
| TMUS T-Mobile US Inc. | 0.10% | 1,032 | $247K | Reduce -58.1% |
| KWEB Kranesh Csi China Internet | 0.09% | 5,393 | $227K | New |
| SOFI Sofi Technologies Inc. | 0.09% | 8,560 | $226K | Reduce -82.6% |
| CDNS Cadence Design SYS Inc. | 0.09% | 632 | $222K | New |
| UPS United Parcel Service Class B | 0.09% | 2,648 | $221K | New |
| SMCI Super Micro Computer Inc. | 0.09% | 4,597 | $220K | Reduce -93.9% |
| F Ford Motor Co. filed as FORD MTR CO | 0.08% | 17,000 | $203K | Reduce -93.2% |
Options reported separately and not counted above: NETFLIX INC. puts ($916.1M), META PLATFORMS INC calls ($588.9M), ADOBE INC puts ($484.1M), META PLATFORMS INC puts ($412.1M), MICROSOFT CORP calls ($360.9M), APPLE INC calls ($358.5M), MICROSOFT CORP puts ($322.1M), JPMORGAN CHASE & CO calls ($308.0M), JPMORGAN CHASE & CO puts ($286.6M), ROBINHOOD MKTS INC calls ($284.8M), ALPHABET INC puts ($265.9M), GOLDMAN SACHS GROUP INC calls ($233.8M), and 252 more.
Portfolio Sells Q2 2025 → Q3 2025
| ADBE Adobe Inc. | Reduce -91.2% | 0.61% | −8.15 |
| TSLA Tesla Inc. | Sold out | 0.00% | −2.87 |
| CRM Salesforce Inc. | Reduce -76.9% | 0.54% | −2.58 |
| WMT Walmart Inc. | Reduce -49.2% | 2.20% | −2.56 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −2.40 |
| DIS The Walt Disney Co. | Reduce -24.1% | 3.61% | −2.36 |
| PDD PDD Holdings Inc. | Reduce -44.5% | 3.29% | −2.15 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −1.94 |
| BABA Alibaba Group Holding-SP ADR | Reduce -50.2% | 3.86% | −1.84 |
| SMCI Super Micro Computer Inc. | Reduce -93.9% | 0.09% | −1.69 |
| NIO Nio Inc. - ADR | Sold out | 0.00% | −1.38 |
| ARM Arm Holdings PLC-ADR | Reduce -59.0% | 0.59% | −1.31 |
| F Ford Motor Co. | Reduce -93.2% | 0.08% | −1.23 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −1.10 |
| SMH Vaneck Semiconductor ETF | Reduce -72.6% | 0.39% | −1.01 |
| SHOP Shopify Inc. Class A | Reduce -20.2% | 7.86% | −1.00 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.94 |
| BEKE Ke Holdings Inc.-ADR | Reduce -77.3% | 0.23% | −0.88 |
| GM General Motors Co. | Sold out | 0.00% | −0.79 |
| PFE Pfizer Inc. | Reduce -81.6% | 0.15% | −0.73 |
| XYZ Block Inc. | Reduce -78.3% | 0.16% | −0.64 |
| ABNB Airbnb Inc. Class A | Reduce -45.4% | 0.40% | −0.53 |
| COIN Coinbase Global Inc. Class A | Reduce -41.9% | 0.45% | −0.48 |
| GDX Vaneck Gold Miners ETF | Reduce -73.0% | 0.20% | −0.39 |
| SOFI Sofi Technologies Inc. | Reduce -82.6% | 0.09% | −0.34 |
| RIVN Rivian Automotive Inc. Class A | Reduce -58.8% | 0.19% | −0.32 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.29 |
| DELL Dell Technologies -C | Reduce -54.6% | 0.21% | −0.26 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -10.3% | 0.80% | −0.22 |
| INTC Intel Corp. | Sold out | 0.00% | −0.22 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.21 |
| MS Morgan Stanley | Reduce -44.7% | 0.24% | −0.21 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −0.19 |
| TMUS T-Mobile US Inc. | Reduce -58.1% | 0.10% | −0.18 |
| KLAC KLA Corp. | Reduce -45.7% | 0.22% | −0.17 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.17 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.16 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.16 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.15 |
| AAL American Airlines Group Inc. | Reduce -8.2% | 0.54% | −0.14 |
| W Wayfair Inc. Class A | Sold out | 0.00% | −0.14 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.13 |
| WDC Western Digital Corp. | Sold out | 0.00% | −0.13 |
| VALE Vale SA-SP ADR | Reduce -4.8% | 1.42% | −0.12 |
| APA Apa Corp. | Sold out | 0.00% | −0.10 |
| NEM Newmont Corp. | Reduce -36.8% | 0.31% | −0.08 |
| XPEV Xpeng Inc. - ADR | Reduce -34.7% | 0.19% | −0.07 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -35.5% | 0.21% | −0.06 |
| XLE SS Energy Select Sector | Reduce -2.2% | 0.36% | −0.04 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -6.4% | 0.53% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| GS Goldman Sachs Group Inc. | Add +202.9% | 7.67% | +5.06 |
| GLD SPDR Gold Shares | New | 3.78% | +3.78 |
| MSFT Microsoft Corp. | Add +751.2% | 3.94% | +3.42 |
| MDB Mongodb Inc. | New | 3.02% | +3.02 |
| MU Micron Technology Inc. | Add +1615.4% | 2.87% | +2.73 |
| SBUX Starbucks Corp. | Add +104.9% | 6.89% | +2.67 |
| EWZ iShares MSCI Brazil ETF | Add +1214.0% | 2.50% | +2.29 |
| ORCL Oracle Corp. | New | 1.84% | +1.84 |
| C Citigroup Inc. | Add +24.5% | 8.00% | +1.76 |
| GOOGL Alphabet Inc. Class A | Add +1309.6% | 1.63% | +1.53 |
| EA Electronic Arts Inc. | Add +233.3% | 2.10% | +1.52 |
| CAT Caterpillar Inc. | New | 1.42% | +1.42 |
| SNPS Synopsys Inc. | New | 1.21% | +1.21 |
| WFC Wells Fargo & Co. | Add +138.6% | 2.08% | +1.11 |
| PLTR Palantir Technologies Inc. Class A | New | 1.04% | +1.04 |
| SNAP Snap Inc. Class A | Add +541.6% | 1.13% | +0.90 |
| JD Jd.com Inc.-ADR | Add +561.8% | 0.98% | +0.82 |
| BILI Bilibili Inc.-Sponsored ADR | New | 0.82% | +0.82 |
| AVGO Broadcom Inc. | New | 0.69% | +0.69 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.61% | +0.61 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.59% | +0.59 |
| AAPL Apple Inc. | Add +101.0% | 1.03% | +0.55 |
| QQQ Invesco QQQ Trust Series 1 | Add +108.7% | 1.10% | +0.54 |
| FXI iShares China Large-Cap ETF | New | 0.54% | +0.54 |
| LI Li Auto Inc. - ADR | New | 0.40% | +0.40 |
| LVS Las Vegas Sands Corp. | New | 0.36% | +0.36 |
| UBER Uber Technologies Inc. | Add +29.8% | 2.34% | +0.35 |
| XOM Exxon Mobil Corp. | New | 0.35% | +0.35 |
| CCL Carnival Corp. | New | 0.33% | +0.33 |
| AXP American Express Co. | Add +182.6% | 0.54% | +0.33 |
| TGT Target Corp. | Add +58.7% | 1.53% | +0.30 |
| RGLD Royal Gold Inc. | New | 0.29% | +0.29 |
| NKE Nike Inc. Class B | New | 0.24% | +0.24 |
| ADSK Autodesk Inc. | New | 0.23% | +0.23 |
| WYNN WYNN Resorts Ltd. | New | 0.20% | +0.20 |
| NFLX Netflix Inc. | New | 0.20% | +0.20 |
| NVDA Nvidia Corp. | New | 0.15% | +0.15 |
| PYPL PayPal Holdings Inc. | New | 0.15% | +0.15 |
| IBKR Interactive Brokers Gro Class A | New | 0.14% | +0.14 |
| RBLX Roblox Corp. Class A | Add +20.6% | 0.51% | +0.14 |
| CMG Chipotle Mexican Grill Inc. | New | 0.14% | +0.14 |
| DKNG Draftkings Inc. Class A | New | 0.11% | +0.11 |
| VST Vistra Corp. | New | 0.11% | +0.11 |
| SE Sea Ltd.-ADR | New | 0.11% | +0.11 |
| MRVL Marvell Technology Inc. | Add +50.0% | 0.35% | +0.10 |
| KWEB Kranesh Csi China Internet | New | 0.09% | +0.09 |
| CDNS Cadence Design SYS Inc. | New | 0.09% | +0.09 |
| UPS United Parcel Service Class B | New | 0.09% | +0.09 |
| AMD Advanced Micro Devices | Add +1.6% | 1.15% | 0.00 |
| LULU Lululemon Athletica Inc. | Add +54.5% | 0.33% | −0.00 |
Options Activity Q2 2025 → Q3 2025
| NETFLIX INC. | put | Add +11.6% | 764,100 | $916.1M |
| META PLATFORMS INC | call | Reduce -1.9% | 801,900 | $588.9M |
| ADOBE INC | put | Add +56.2% | 1,372,300 | $484.1M |
| META PLATFORMS INC | put | Add +0.8% | 561,200 | $412.1M |
| MICROSOFT CORP | call | Reduce -15.7% | 696,700 | $360.9M |
| APPLE INC | call | Reduce -14.2% | 1,408,100 | $358.5M |
| MICROSOFT CORP | put | Add +36.6% | 621,800 | $322.1M |
| JPMORGAN CHASE & CO | call | Add +4.9% | 976,300 | $308.0M |
| JPMORGAN CHASE & CO | put | Add +7.3% | 908,600 | $286.6M |
| ROBINHOOD MKTS INC | call | Add +8.0% | 1,989,100 | $284.8M |
| ALPHABET INC | put | Add +25.1% | 1,093,900 | $265.9M |
| GOLDMAN SACHS GROUP INC | call | Add +12.2% | 293,600 | $233.8M |
| ALPHABET INC | call | Add +30.7% | 932,100 | $226.6M |
| TESLA INC | put | Add +2.1% | 488,600 | $217.3M |
| CITIGROUP INC | call | Add +6.3% | 2,132,800 | $216.5M |
| VANECK ETF TRUST | put | Reduce -6.1% | 2,385,200 | $182.2M |
| NETFLIX INC. | call | Add +9.6% | 150,500 | $180.4M |
| SHOPIFY INC | call | Add +79.7% | 1,170,800 | $174.0M |
| GOLDMAN SACHS GROUP INC | put | Add +3.7% | 186,000 | $148.1M |
| SPDR GOLD TR | put | Add +386.0% | 410,700 | $146.0M |
| TAIWAN SEMICONDUCTOR MANUFAC | put | Reduce -18.9% | 484,500 | $135.3M |
| CITIGROUP INC | put | Reduce -14.5% | 1,330,200 | $135.0M |
| BROADCOM INC | put | Reduce -7.6% | 389,500 | $128.5M |
| VANECK ETF TRUST | call | Reduce -10.9% | 1,596,300 | $122.0M |
| AMAZON COM INC | put | Add +40.3% | 551,600 | $121.1M |
| NVIDIA CORPORATION | put | Reduce -0.1% | 611,700 | $114.1M |
| BROADCOM INC | call | Reduce -16.8% | 294,900 | $97.3M |
| PAYPAL HLDGS INC | put | Add +12.7% | 1,422,600 | $95.4M |
| COINBASE GLOBAL INC | call | Reduce -12.0% | 270,000 | $91.1M |
| AMERICAN EXPRESS CO | call | Reduce -14.1% | 258,500 | $85.9M |
| TESLA INC | call | Reduce -20.6% | 181,200 | $80.6M |
| ROBINHOOD MKTS INC | put | Add +4.5% | 560,700 | $80.3M |
| INTEL CORP | call | Add +53.0% | 2,150,800 | $72.2M |
| STATE STR SPDR S&P 500 ETF T | put | Reduce -43.2% | 100,000 | $66.6M |
| COINBASE GLOBAL INC | put | Add +33.1% | 192,600 | $65.0M |
| ADVANCED MICRO DEVICES INC | put | Add +0.1% | 384,100 | $62.1M |
| PDD HOLDINGS INC | call | Add +26.7% | 468,900 | $62.0M |
| AMERICAN EXPRESS CO | put | Add +11.9% | 185,000 | $61.5M |
| SALESFORCE INC | call | Reduce -13.2% | 250,000 | $59.3M |
| INVESCO QQQ TR | put | Add +161.3% | 97,200 | $58.4M |
| WELLS FARGO & CO | put | Reduce -1.4% | 683,800 | $57.3M |
| NIO INC | put | Add +50.9% | 7,005,600 | $53.4M |
| SPDR GOLD TR | call | Sold out | 174,900 | $53.3Mbefore exit |
| STARBUCKS CORP | put | Add +32.3% | 629,200 | $53.2M |
| INTERNATIONAL BUSINESS MACHS | put | Reduce -13.5% | 178,000 | $50.2M |
| AMAZON COM INC | call | Add +58.9% | 228,600 | $50.2M |
| UBER TECHNOLOGIES INC | put | Add +6.8% | 478,500 | $46.9M |
| NIO INC | call | Reduce -15.3% | 6,108,400 | $46.5M |
| ORACLE CORP | call | Add +0.9% | 162,100 | $45.6M |
| VALE S A | put | Add +0.2% | 4,050,400 | $44.0M |
Showing the first 50 of 275.
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 |