Marex Group Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 2, 2026), Marex Group Ltd reported 673 stock positions worth $5.2 billion. Its top holding was Strategy (MSTR) at 9.3% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 5.9%) and Nvidia (NVDA, 4.3%). Compared with Q4 2024, it opened 215 new positions, sold out of 207, added to 211 and reduced 176. The biggest buy was Strategy (MSTR, shares +75%) and the biggest sale Super Micro Computer (SMCI, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001997464
- Portfolio Value
- $5.2B (Q1 2025)
- SEC Filing
- 0001997464-26-000040 ↗ filed Apr 2, 2026
Holdings Value
Holdings 673 stocks · $5.2B
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 9.27% | 1,676,798 | $483.4M | Add +74.6% |
| IBIT iShares Bitcoin Trust ETF | 5.87% | 6,534,586 | $305.9M | Reduce -2.9% |
| NVDA Nvidia Corp. | 4.30% | 2,068,245 | $224.2M | Reduce -28.2% |
| BRRR Coinshares Bitcoin ETF | 4.02% | 9,000,000 | $209.7M | No change |
| UNH Unitedhealth Group Inc. | 3.34% | 332,183 | $174.0M | Add +103.1% |
| TSLA Tesla Inc. | 3.22% | 648,235 | $168.0M | Reduce -28.1% |
| LLY Eli Lilly & Co. | 3.18% | 201,101 | $166.1M | Reduce -10.1% |
| MA Mastercard Inc. Class A | 2.84% | 270,106 | $148.1M | Add +66102.4% |
| BKNG Booking Holdings Inc. | 2.81% | 31,812 | $146.6M | Reduce -18.8% |
| SYK Stryker Corp. | 2.33% | 325,735 | $121.3M | Reduce -38.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 2.18% | 322,802 | $113.8M | Add +17.4% |
| NFLX Netflix Inc. | 2.06% | 115,459 | $107.7M | Add +5.4% |
| INTU Intuit Inc. | 2.06% | 175,307 | $107.6M | Reduce -28.7% |
| AVGO Broadcom Inc. | 1.95% | 607,424 | $101.7M | Reduce -46.4% |
| MCD McDonald's Corp. | 1.79% | 298,455 | $93.2M | Add +303.5% |
| TRV The Travelers Cos Inc. | 1.77% | 350,000 | $92.6M | Add +133.3% |
| MSFT Microsoft Corp. | 1.77% | 245,979 | $92.3M | Add +66.4% |
| BA The Boeing Co. | 1.72% | 524,817 | $89.5M | Add +0.2% |
| KLAC KLA Corp. | 1.55% | 118,712 | $80.7M | Add +10604.4% |
| LOW Lowe's Cos Inc. | 1.45% | 323,296 | $75.4M | Add +1186.3% |
| LRCX Lam Research Corp. | 1.33% | 956,821 | $69.6M | Add +33.4% |
| NOC Northrop Grumman Corp. | 1.19% | 121,102 | $62.0M | Add +141.5% |
| TMO Thermo Fisher Scientific Inc. | 1.16% | 121,854 | $60.6M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.16% | 113,581 | $60.5M | Reduce -45.4% |
| AMGN Amgen Inc. | 1.08% | 180,899 | $56.4M | Add +5694.3% |
| BLK BlackRock Inc. | 1.03% | 56,713 | $53.7M | Add +114.5% |
| REGN Regeneron Pharmaceuticals | 0.86% | 70,868 | $44.9M | Add +0.9% |
| FLUT Flutter Entertainment PLC-Di | 0.85% | 200,053 | $44.3M | Add +100.0% |
| HD Home Depot Inc. | 0.84% | 120,162 | $44.0M | Reduce -67.5% |
| NOW ServiceNow Inc. | 0.82% | 53,484 | $42.6M | Add +40.6% |
| EQIX Equinix Inc. | 0.78% | 50,000 | $40.8M | Add +25.0% |
| GOOG Alphabet Inc. Class C | 0.76% | 255,246 | $39.9M | Add +27.2% |
| HOOD Robinhood Markets Inc. Class A | 0.69% | 865,248 | $36.0M | Add +1070.2% |
| SMCI Super Micro Computer Inc. | 0.67% | 1,017,904 | $34.9M | Reduce -87.2% |
| DELL Dell Technologies -C | 0.62% | 356,720 | $32.5M | Add +39.4% |
| ELV Elevance Health Inc. | 0.61% | 73,501 | $32.0M | Add +47.0% |
| PH Parker Hannifin Corp. | 0.58% | 50,000 | $30.4M | No change |
| GS Goldman Sachs Group Inc. | 0.58% | 55,493 | $30.3M | Add +6.9% |
| TLT iShares 20+ Year Treasury BD | 0.56% | 322,852 | $29.4M | Add +6.8% |
| DB Deutsche Bank AG-Registered | 0.55% | 1,213,547 | $28.9M | Add +3.2% |
| SPGI S&P Global Inc. | 0.49% | 50,647 | $25.7M | Reduce -37.1% |
| FXI iShares China Large-Cap ETF | 0.49% | 710,182 | $25.5M | Add +407.8% |
| SBUX Starbucks Corp. | 0.46% | 246,861 | $24.2M | Add +10369.1% |
| IONQ Ionq Inc. | 0.45% | 1,054,195 | $23.3M | New |
| BABA Alibaba Group Holding-SP ADR | 0.44% | 174,982 | $23.1M | Add +41.8% |
| AMD Advanced Micro Devices | 0.42% | 212,160 | $21.8M | Reduce -72.7% |
| PM Philip Morris International | 0.41% | 134,036 | $21.3M | Add +723.3% |
| CTAS Cintas Corp. | 0.39% | 100,179 | $20.6M | New |
| CEG Constellation Energy | 0.39% | 100,000 | $20.2M | Reduce -33.6% |
| TGT Target Corp. | 0.38% | 191,333 | $20.0M | Add +10777.4% |
| ORCL Oracle Corp. | 0.38% | 142,481 | $19.9M | Add +141.2% |
| META Meta Platforms Inc. Class A | 0.38% | 34,099 | $19.7M | Add +100.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.37% | 24 | $19.2M | Reduce -17.2% |
| AAPL Apple Inc. | 0.35% | 82,587 | $18.3M | Reduce -84.1% |
| AMAT Applied Materials Inc. | 0.35% | 125,546 | $18.2M | Add +19.0% |
| SLV iShares Silver Trust | 0.34% | 577,850 | $17.9M | Reduce -2.0% |
| SNPS Synopsys Inc. | 0.33% | 40,116 | $17.2M | Add +0.3% |
| JNJ Johnson & Johnson | 0.33% | 102,244 | $17.0M | Reduce -21.1% |
| CRM Salesforce Inc. | 0.32% | 63,038 | $16.9M | Reduce -21.4% |
| RIOT Riot Platforms Inc. | 0.31% | 2,251,963 | $16.0M | Add +4403.9% |
| PHYS Sprott Physical Gold Trust | 0.28% | 608,830 | $14.6M | Reduce -4.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 29,570 | $13.9M | Add +382.7% |
| AXP American Express Co. | 0.26% | 50,961 | $13.7M | Reduce -61.0% |
| NKE Nike Inc. Class B | 0.23% | 190,896 | $12.1M | Add +258.0% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.23% | 130,303 | $12.1M | Reduce -28.3% |
| FBTC Fidelity Wise Origin Bitcoin | 0.21% | 151,072 | $10.9M | Reduce -10.6% |
| TGTX TG Therapeutics Inc. | 0.21% | 275,000 | $10.8M | No change |
| TME Tencent Music Entertainm-ADR | 0.20% | 729,492 | $10.5M | Add +4.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.20% | 129,702 | $10.2M | Reduce -64.6% |
| INTC Intel Corp. | 0.19% | 435,480 | $9.9M | Add +176.7% |
| HIMS Hims & Hers Health Inc. | 0.18% | 324,753 | $9.6M | Add +2542.8% |
| STLA Stellantis NV | 0.18% | 853,031 | $9.6M | Add +15.9% |
| MRSH Marsh & McLennan Cos | 0.18% | 39,000 | $9.5M | New |
| VAL Valaris Ltd. | 0.18% | 236,387 | $9.3M | Add +179.7% |
| QCOM Qualcomm Inc. | 0.18% | 60,301 | $9.3M | Reduce -61.8% |
| GOOGL Alphabet Inc. Class A | 0.17% | 56,832 | $8.8M | Reduce -75.5% |
| LULU Lululemon Athletica Inc. | 0.17% | 31,034 | $8.8M | Reduce -62.9% |
| PSLV Sprott Physical Silver Trust | 0.17% | 742,012 | $8.6M | Reduce -16.8% |
| URA Global X Uranium ETF | 0.16% | 364,230 | $8.3M | Add +27.6% |
| BMY Bristol-Myers Squibb Co. | 0.16% | 133,456 | $8.1M | Reduce -2.1% |
| BUR Burford Capital Ltd. | 0.15% | 603,428 | $8.0M | Add +0.4% |
| ETHA iShares Ethereum Trust ETF | 0.15% | 565,410 | $7.8M | Add +58.9% |
| VT Vanguard Tot World STK ETF | 0.14% | 64,941 | $7.5M | No change |
| MKL Markel Group Inc. | 0.14% | 4,012 | $7.5M | Reduce -2.0% |
| BANK MONTREAL MEDIUM | 0.14% | 409,544 | $7.5M | New |
| INSW International Seaways Inc. | 0.14% | 221,031 | $7.3M | Add +170.2% |
| GSL Global Ship Lease Inc. Class A | 0.14% | 317,506 | $7.3M | New |
| ABG Asbury Automotive Group | 0.13% | 31,665 | $7.0M | No change |
| BN Brookfield Corp. | 0.13% | 130,795 | $6.9M | Add +7.6% |
| JPM JPMorgan Chase & Co. | 0.13% | 27,660 | $6.8M | Reduce -68.6% |
| NEM Newmont Corp. | 0.13% | 137,350 | $6.6M | Add +776.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 38,748 | $6.4M | Add +141.6% |
| HCA HCA Healthcare Inc. | 0.12% | 18,399 | $6.4M | Reduce -63.7% |
| CME Cme Group Inc. | 0.12% | 23,362 | $6.2M | Add +1.8% |
| NVR NVR Inc. | 0.12% | 838 | $6.1M | Add +18.7% |
| PAYX Paychex Inc. | 0.11% | 38,500 | $5.9M | New |
| AMZN Amazon.com Inc. | 0.11% | 31,025 | $5.9M | Reduce -90.2% |
| MARA Mara Holdings Inc. | 0.11% | 484,615 | $5.6M | Add +725.1% |
| ARM Arm Holdings PLC-ADR | 0.11% | 52,058 | $5.6M | Add +224.0% |
| JD Jd.com Inc.-ADR | 0.11% | 133,734 | $5.5M | Add +127.2% |
Other holdings (10): bonds, preferreds, convertibles and warrants · $3.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 3,000,000 | $2.2M | New |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 19,950 | $487K | New |
| HELLO GROUP INC (MOMO 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | 260,000 | $256K | No change |
| CBDMD INC (YCBD 8 PERP A) | 8% SER A CUM PFD | 164,677 | $222K | Add +88.6% |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | 37,729 | $49K | Reduce -7.8% |
| CPTWF Captivision Inc.-28 | *W EXP 11/15/202 | 527,155 | $10K | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 30,000 | $2K | No change |
| GOVXW Geovax Labs Inc. -CW25 | *W EXP 09/29/202 | 10,000 | $502 | No change |
| KTTAW Pasithea Therapeutics -CW26 | *W EXP 08/12/202 | 25,000 | $460 | No change |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 11,320 | $401 | No change |
Total filed on the 13F, all lines: $5.2B.
Portfolio Sells Q4 2024 → Q1 2025
| SMCI Super Micro Computer Inc. | Reduce -87.2% | 0.67% | −3.47 |
| TSLA Tesla Inc. | Reduce -28.1% | 3.22% | −2.99 |
| AVGO Broadcom Inc. | Reduce -46.4% | 1.95% | −2.53 |
| NVDA Nvidia Corp. | Reduce -28.2% | 4.30% | −2.30 |
| AAPL Apple Inc. | Reduce -84.1% | 0.35% | −1.86 |
| HD Home Depot Inc. | Reduce -67.5% | 0.84% | −1.61 |
| AMD Advanced Micro Devices | Reduce -72.7% | 0.42% | −1.18 |
| AMZN Amazon.com Inc. | Reduce -90.2% | 0.11% | −1.07 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.96 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.95 |
| SYK Stryker Corp. | Reduce -38.9% | 2.33% | −0.95 |
| MELI MercadoLibre Inc. | Reduce -94.4% | 0.06% | −0.73 |
| COST Costco Wholesale Corp. | Reduce -98.3% | 0.01% | −0.62 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -95.8% | 0.03% | −0.61 |
| GOOGL Alphabet Inc. Class A | Reduce -75.5% | 0.17% | −0.58 |
| INTU Intuit Inc. | Reduce -28.7% | 2.06% | −0.57 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.54 |
| BKNG Booking Holdings Inc. | Reduce -18.8% | 2.81% | −0.51 |
| MSI Motorola Solutions Inc. | Reduce -97.7% | 0.01% | −0.46 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.46 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -45.4% | 1.16% | −0.45 |
| AXP American Express Co. | Reduce -61.0% | 0.26% | −0.40 |
| LULU Lululemon Athletica Inc. | Reduce -62.9% | 0.17% | −0.38 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -64.6% | 0.20% | −0.29 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.29 |
| GLD SPDR Gold Shares | Reduce -91.4% | 0.03% | −0.25 |
| QCOM Qualcomm Inc. | Reduce -61.8% | 0.18% | −0.24 |
| JPM JPMorgan Chase & Co. | Reduce -68.6% | 0.13% | −0.23 |
| IBIT iShares Bitcoin Trust ETF | Reduce -2.9% | 5.87% | −0.22 |
| VALE Vale SA-SP ADR | Reduce -96.5% | 0.01% | −0.21 |
| SPGI S&P Global Inc. | Reduce -37.1% | 0.49% | −0.19 |
| CEG Constellation Energy | Reduce -33.6% | 0.39% | −0.19 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.18 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.14 |
| HCA HCA Healthcare Inc. | Reduce -63.7% | 0.12% | −0.14 |
| CRM Salesforce Inc. | Reduce -21.4% | 0.32% | −0.13 |
| LMT Lockheed Martin Corp. | Reduce -93.4% | 0.01% | −0.12 |
| LW Lamb Weston Holdings Inc. | Reduce -92.8% | 0.01% | −0.11 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.11 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -92.2% | 0.01% | −0.10 |
| VTR Ventas Inc. | Reduce -85.6% | 0.02% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -56.6% | 0.06% | −0.07 |
| X United States Steel Corp. | Sold out | 0.00% | −0.07 |
| EMB iShares JP Morgan Usd Emergi | Sold out | 0.00% | −0.06 |
| KSPI JSC Kaspi.kz ADR | Reduce -28.3% | 0.23% | −0.06 |
| AAL American Airlines Group Inc. | Reduce -46.5% | 0.03% | −0.05 |
| ADBE Adobe Inc. | Reduce -89.1% | 0.01% | −0.05 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.05 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.04 |
| KOLD Proshares Ultrashort Bloombe | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| MSTR Strategy Inc. | Add +74.6% | 9.27% | +4.53 |
| MA Mastercard Inc. Class A | Add +66102.4% | 2.84% | +2.84 |
| UNH Unitedhealth Group Inc. | Add +103.1% | 3.34% | +1.93 |
| KLAC KLA Corp. | Add +10604.4% | 1.55% | +1.54 |
| MCD McDonald's Corp. | Add +303.5% | 1.79% | +1.42 |
| LOW Lowe's Cos Inc. | Add +1186.3% | 1.45% | +1.34 |
| TRV The Travelers Cos Inc. | Add +133.3% | 1.77% | +1.16 |
| AMGN Amgen Inc. | Add +5694.3% | 1.08% | +1.07 |
| NOC Northrop Grumman Corp. | Add +141.5% | 1.19% | +0.79 |
| MSFT Microsoft Corp. | Add +66.4% | 1.77% | +0.71 |
| HOOD Robinhood Markets Inc. Class A | Add +1070.2% | 0.69% | +0.64 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +17.4% | 2.18% | +0.58 |
| BLK BlackRock Inc. | Add +114.5% | 1.03% | +0.57 |
| SBUX Starbucks Corp. | Add +10369.1% | 0.46% | +0.46 |
| LRCX Lam Research Corp. | Add +33.4% | 1.33% | +0.45 |
| IONQ Ionq Inc. | New | 0.45% | +0.45 |
| FXI iShares China Large-Cap ETF | Add +407.8% | 0.49% | +0.42 |
| FLUT Flutter Entertainment PLC-Di | Add +100.0% | 0.85% | +0.41 |
| NFLX Netflix Inc. | Add +5.4% | 2.06% | +0.40 |
| CTAS Cintas Corp. | New | 0.39% | +0.39 |
| TGT Target Corp. | Add +10777.4% | 0.38% | +0.38 |
| PM Philip Morris International | Add +723.3% | 0.41% | +0.37 |
| RIOT Riot Platforms Inc. | Add +4403.9% | 0.31% | +0.30 |
| ELV Elevance Health Inc. | Add +47.0% | 0.61% | +0.30 |
| BABA Alibaba Group Holding-SP ADR | Add +41.8% | 0.44% | +0.27 |
| ORCL Oracle Corp. | Add +141.2% | 0.38% | +0.21 |
| DB Deutsche Bank AG-Registered | Add +3.2% | 0.55% | +0.21 |
| QQQ Invesco QQQ Trust Series 1 | Add +382.7% | 0.27% | +0.21 |
| META Meta Platforms Inc. Class A | Add +100.8% | 0.38% | +0.21 |
| MRSH Marsh & McLennan Cos | New | 0.18% | +0.18 |
| HIMS Hims & Hers Health Inc. | Add +2542.8% | 0.18% | +0.18 |
| NKE Nike Inc. Class B | Add +258.0% | 0.23% | +0.16 |
| BANK MONTREAL MEDIUM | New | 0.14% | +0.14 |
| GSL Global Ship Lease Inc. Class A | New | 0.14% | +0.14 |
| EQIX Equinix Inc. | Add +25.0% | 0.78% | +0.14 |
| INTC Intel Corp. | Add +176.7% | 0.19% | +0.14 |
| BA The Boeing Co. | Add +0.2% | 1.72% | +0.14 |
| NOW ServiceNow Inc. | Add +40.6% | 0.82% | +0.13 |
| DELL Dell Technologies -C | Add +39.4% | 0.62% | +0.12 |
| NEM Newmont Corp. | Add +776.0% | 0.13% | +0.12 |
| VAL Valaris Ltd. | Add +179.7% | 0.18% | +0.11 |
| PAYX Paychex Inc. | New | 0.11% | +0.11 |
| TLT iShares 20+ Year Treasury BD | Add +6.8% | 0.56% | +0.11 |
| GOOG Alphabet Inc. Class C | Add +27.2% | 0.76% | +0.11 |
| SOFI Sofi Technologies Inc. | New | 0.10% | +0.10 |
| ASC Ardmore Shipping Corp. | New | 0.10% | +0.10 |
| INSW International Seaways Inc. | Add +170.2% | 0.14% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | Add +0.8% | 1.16% | +0.09 |
| MARA Mara Holdings Inc. | Add +725.1% | 0.11% | +0.09 |
| B Barrick Gold Corp. | New | 0.09% | +0.09 |
Notes & Other Activity Q4 2024 → Q1 2025
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | Sold out | 3,000,000 | $2.9Mbefore exit |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | New | 3,000,000 | $2.2M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | New | 19,950 | $487K |
| CBDMD INC (YCBD 8 PERP A) | 8% SER A CUM PFD | Add +88.6% | 164,677 | $222K |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | Reduce -7.8% | 37,729 | $49K |
| CLRRF Climaterock -RTS | RIGHT 10/31/2028 | Sold out | 151,384 | $11Kbefore exit |
| BNIXR Bannix Acquisition Corp.-RTS | RIGHT 07/31/2026 | Sold out | 36,396 | $4Kbefore exit |
| BNIXW Bannix Acquisition Corp.-CW23 | *W EXP 07/31/202 | Sold out | 33,951 | $937before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 944 | $13.5B | SNDK, MRVL, ASTS, AVGO, LITE |
| Q1 2026 | 868 | $9.6B | LITE, MSTR, AVGO, SNDK, BRRR |
| Q4 2025 | 822 | $9.2B | UNH, MSTR, BRRR, NVDA, IBIT |
| Q3 2025 | 684 | $8.1B | MSTR, BRRR, IBIT, NVDA, MA |
| Q2 2025 | 507 | $5.3B | MSTR, MA, BKNG, LLY, TSLA |
| Q1 2025 | 673 | $5.2B | MSTR, IBIT, NVDA, BRRR, UNH |
| Q4 2024 | 665 | $5.9B | NVDA, TSLA, IBIT, MSTR, AVGO |
| Q3 2024 | 589 | $4.4B | MSTR, IBIT, INTU, NVDA, BRRR |
| Q2 2024 | 621 | $3.7B | NVDA, IBIT, AVGO, COST, BRRR |
| Q1 2024 | 461 | $3.1B | NVDA, IBIT, AVGO, LLY, SMCI |