In its 13F for Q3 2025 (holdings as of September 30, 2025, filed December 15, 2025), CTC LLC reported 39 stock positions worth $2.5 billion . Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 36.5% of the portfolio, followed by Microsoft (MSFT, 8.1% ) and Tesla (TSLA, 7.4% ). Compared with Q2 2025, it opened 7 new positions, sold out of 8, added to 18 and reduced 14. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +222% ) and the biggest sale Strategy (MSTR, shares −61% ).
Location CHICAGO, IL
CIK 0001445893
Portfolio Value $2.5B (Q3 2025) Holdings 39 stocks · $2.5B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2025 SPY SS SPDR S&P 500 ETF Trust-US 1,343,852 $895.2M Add +221.5% MSFT Microsoft Corp. 384,623 $199.2M New TSLA Tesla Inc. 407,072 $181.0M Add +459.6% NFLX Netflix Inc. 135,674 $162.7M Add +697.0% META Meta Platforms Inc. Class A 179,272 $131.7M Add +93.8% AMD Advanced Micro Devices 791,923 $128.1M Add +103.0% PLTR Palantir Technologies Inc. Class A 547,721 $99.9M Reduce -39.7% IWM iShares Russell 2000 ETF 339,320 $82.1M Reduce -35.1% GOOGL Alphabet Inc. Class A 315,636 $76.7M Reduce -61.5% AVGO Broadcom Inc. 215,761 $71.2M New COIN Coinbase Global Inc. Class A 184,821 $62.4M Add +218.5% MSTR Strategy Inc. 166,796 $53.7M Reduce -60.5% SNOW Snowflake Inc. 210,479 $47.5M New BKNG Booking Holdings Inc. 8,613 $46.5M Add +1.9% BABA Alibaba Group Holding-SP ADR 239,839 $42.9M Reduce -57.8% SMCI Super Micro Computer Inc. 730,185 $35.0M Add +170.7% MU Micron Technology Inc. 197,002 $33.0M New TSM Taiwan Semiconductor-SP ADR 87,719 $24.5M Add +16.2% ORCL Oracle Corp. 47,585 $13.4M New BA The Boeing Co. 56,413 $12.2M Reduce -31.2% MELI MercadoLibre Inc. 4,917 $11.5M Add +6285.7% ADBE Adobe Inc. 23,462 $8.3M Add +357.3% JPM JPMorgan Chase & Co. 22,409 $7.1M New COST Costco Wholesale Corp. 6,308 $5.8M Reduce -1.9% CRWD CrowdStrike Holdings Inc. Class A 9,825 $4.8M Reduce -3.0% WFC Wells Fargo & Co. 37,462 $3.1M Add +0.0% QCOM Qualcomm Inc. 16,548 $2.8M Add +1.5% GME Gamestop Corp. Class A 97,083 $2.6M Add +40.1% CVX Chevron Corp. 15,996 $2.5M Reduce -0.5% XLF SS Financial Select Sector 24,857 $1.3M New JD Jd.com Inc.-ADR 37,291 $1.3M Add +4.5% TGT Target Corp. 10,803 $969K Reduce -0.7% UPST Upstart Holdings Inc. 15,495 $787K Add +2.5% HD Home Depot Inc. 1,344 $545K Add +41.0% QQQ Invesco QQQ Trust Series 1 695 $417K Reduce -99.7% FSLR First Solar Inc. 1,843 $406K Reduce -75.0% LLY Eli Lilly & Co. 461 $352K Reduce -72.6% XLE SS Energy Select Sector 3,770 $337K Reduce -19.7% UBER Uber Technologies Inc. 2,841 $278K Add +11.4%
Options reported separately and not counted above: SPY puts ($44.0B), SPY calls ($25.5B), QQQ puts ($16.8B), QQQ calls ($14.0B), TSLA calls ($9.0B), HYG puts ($8.4B), TSLA puts ($6.4B), GLD calls ($6.3B), NVDA calls ($5.5B), GLD puts ($5.3B), NVDA puts ($4.8B), HYG calls ($4.5B), and 111 more.
Portfolio Sells Q2 2025 → Q3 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▲ MSTR Strategy Inc. Reduce -60.5% 2.19% −8.71 QQQ Invesco QQQ Trust Series 1 Reduce -99.7% 0.02% −7.25 GOOGL Alphabet Inc. Class A Reduce -61.5% 3.13% −6.10 GOOG Alphabet Inc. Class C Sold out 0.00% −4.82 NVDA Nvidia Corp. Sold out 0.00% −4.22 IWM iShares Russell 2000 ETF Reduce -35.1% 3.35% −3.85 PLTR Palantir Technologies Inc. Class A Reduce -39.7% 4.07% −3.83 AAPL Apple Inc. Sold out 0.00% −2.87 BABA Alibaba Group Holding-SP ADR Reduce -57.8% 1.75% −2.36 GLD SPDR Gold Shares Sold out 0.00% −1.69 HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.94 CRM Salesforce Inc. Sold out 0.00% −0.89 AMZN Amazon.com Inc. Sold out 0.00% −0.82 BA The Boeing Co. Reduce -31.2% 0.50% −0.60 PYPL PayPal Holdings Inc. Sold out 0.00% −0.50 COST Costco Wholesale Corp. Reduce -1.9% 0.24% −0.17 CRWD CrowdStrike Holdings Inc. Class A Reduce -3.0% 0.20% −0.13 LLY Eli Lilly & Co. Reduce -72.6% 0.01% −0.07 FSLR First Solar Inc. Reduce -75.0% 0.02% −0.06 CVX Chevron Corp. Reduce -0.5% 0.10% −0.05 TGT Target Corp. Reduce -0.7% 0.04% −0.03 XLE SS Energy Select Sector Reduce -19.7% 0.01% −0.01
Portfolio Buys Q2 2025 → Q3 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2025 % Of Portfolio Change To Portfolio ▼ SPY SS SPDR S&P 500 ETF Trust-US Add +221.5% 36.48% +20.01 MSFT Microsoft Corp. New 8.12% +8.12 TSLA Tesla Inc. Add +459.6% 7.38% +5.90 NFLX Netflix Inc. Add +697.0% 6.63% +5.17 AVGO Broadcom Inc. New 2.90% +2.90 SNOW Snowflake Inc. New 1.93% +1.93 AMD Advanced Micro Devices Add +103.0% 5.22% +1.69 MU Micron Technology Inc. New 1.34% +1.34 COIN Coinbase Global Inc. Class A Add +218.5% 2.54% +1.24 META Meta Platforms Inc. Class A Add +93.8% 5.36% +1.01 SMCI Super Micro Computer Inc. Add +170.7% 1.43% +0.58 ORCL Oracle Corp. New 0.55% +0.55 MELI MercadoLibre Inc. Add +6285.7% 0.47% +0.46 JPM JPMorgan Chase & Co. New 0.29% +0.29 ADBE Adobe Inc. Add +357.3% 0.34% +0.21 XLF SS Financial Select Sector New 0.05% +0.05 GME Gamestop Corp. Class A Add +40.1% 0.11% +0.00 HD Home Depot Inc. Add +41.0% 0.02% −0.00 UBER Uber Technologies Inc. Add +11.4% 0.01% −0.00 JD Jd.com Inc.-ADR Add +4.5% 0.05% −0.02 UPST Upstart Holdings Inc. Add +2.5% 0.03% −0.03 QCOM Qualcomm Inc. Add +1.5% 0.11% −0.05 WFC Wells Fargo & Co. Add +0.0% 0.13% −0.06 TSM Taiwan Semiconductor-SP ADR Add +16.2% 1.00% −0.09 BKNG Booking Holdings Inc. Add +1.9% 1.89% −1.23
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -99.0% 660,808 $44.0B SPY SS SPDR S&P 500 ETF Trust-US call Reduce -99.1% 382,055 $25.5B QQQ Invesco QQQ Trust Series 1 put Reduce -98.7% 279,331 $16.8B QQQ Invesco QQQ Trust Series 1 call Reduce -99.0% 233,923 $14.0B TSLA Tesla Inc. call Reduce -99.0% 202,957 $9.0B HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Reduce -95.3% 383,873 $8.4B IWM iShares Russell 2000 ETF put Sold out 33,188,800 $7.2Bbefore exit TSLA Tesla Inc. put Reduce -99.0% 144,063 $6.4B GLD SPDR Gold Shares call Reduce -98.7% 178,631 $6.3B NVDA Nvidia Corp. call Reduce -98.9% 294,230 $5.5B GLD SPDR Gold Shares put Reduce -98.7% 148,175 $5.3B NVDA Nvidia Corp. put Reduce -98.8% 258,565 $4.8B HYG Ishr Ibx Usd Hiyld CB ETF-Ui call Reduce -79.0% 193,419 $4.5B IWM iShares Russell 2000 ETF call Sold out 19,201,100 $4.1Bbefore exit MSTR Strategy Inc. put Reduce -98.7% 115,458 $3.7B MSTR Strategy Inc. call Reduce -98.7% 111,426 $3.6B GOOG Alphabet Inc. Class C call Reduce -97.1% 108,489 $2.6B GOOG Alphabet Inc. Class C put Reduce -96.5% 104,494 $2.5B META Meta Platforms Inc. Class A call Reduce -98.8% 33,046 $2.4B MSFT Microsoft Corp. put Reduce -98.8% 43,115 $2.2B MSFT Microsoft Corp. call Reduce -99.0% 41,500 $2.1B AAPL Apple Inc. call Reduce -98.7% 83,877 $2.1B META Meta Platforms Inc. Class A put Reduce -98.9% 28,458 $2.1B AAPL Apple Inc. put Reduce -98.6% 68,589 $1.7B AMZN Amazon.com Inc. call Reduce -98.5% 69,828 $1.5B SLV iShares Silver Trust call Reduce -98.5% 348,694 $1.5B AMZN Amazon.com Inc. put Reduce -98.6% 61,781 $1.4B PLTR Palantir Technologies Inc. Class A put Reduce -98.9% 73,382 $1.3B NFLX Netflix Inc. put Reduce -99.0% 10,534 $1.3B PLTR Palantir Technologies Inc. Class A call Reduce -98.7% 66,336 $1.2B COIN Coinbase Global Inc. Class A call Reduce -98.9% 34,094 $1.2B AMD Advanced Micro Devices call Reduce -98.6% 68,034 $1.1B AVGO Broadcom Inc. put Reduce -98.8% 31,183 $1.0B AMD Advanced Micro Devices put Reduce -98.6% 62,010 $1.0B COIN Coinbase Global Inc. Class A put Reduce -99.0% 29,233 $986.6M GOOGL Alphabet Inc. Class A put Sold out 5,295,100 $933.2Mbefore exit NFLX Netflix Inc. call Reduce -99.1% 7,658 $918.1M SLV iShares Silver Trust put Reduce -98.5% 211,090 $894.4M AVGO Broadcom Inc. call Reduce -98.9% 26,536 $875.4M GOOGL Alphabet Inc. Class A call Sold out 4,874,500 $859.0Mbefore exit BABA Alibaba Group Holding-SP ADR call Reduce -99.0% 40,868 $730.4M TSM Taiwan Semiconductor-SP ADR put Reduce -98.9% 17,521 $489.3M BABA Alibaba Group Holding-SP ADR put Reduce -99.1% 27,025 $483.0M TSM Taiwan Semiconductor-SP ADR call Reduce -99.0% 15,436 $431.1M BKNG Booking Holdings Inc. put Reduce -99.1% 700 $377.9M BKNG Booking Holdings Inc. call Reduce -99.0% 527 $284.5M MU Micron Technology Inc. put Reduce -98.3% 11,826 $197.9M MU Micron Technology Inc. call Reduce -99.0% 10,795 $180.6M MELI MercadoLibre Inc. put Reduce -98.8% 597 $139.5M BA The Boeing Co. call Reduce -99.4% 6,013 $129.8M
Showing the first 50 of 127.
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 28 $1.7B SPY, AMZN, MU, SLV, GS Q1 2026 25 $1.2B SLV, GOOG, TSM, TSLA, MU Q4 2025 38 $1.1B NVDA, GLD, SLV, MU, SPY Q3 2025 39 $2.5B SPY, MSFT, TSLA, NFLX, META Q2 2025 40 $1.6B SPY, MSTR, GOOGL, PLTR, QQQ Q1 2025 38 $622.9M GOOGL, COIN, AMD, AVGO, BABA Q4 2024 74 $991.3M SPY, GLD, SLV, AAPL, TSM Q3 2024 67 $2.2B SPY, QQQ, SLV, MSFT, GLD Q2 2024 76 $1.3B SLV, SPY, NVDA, AVGO, AAPL Q1 2024 84 $6.1B SPY, QQQ, NVDA, GOOGL, TSLA