Rokos Capital Management LLP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Rokos Capital Management LLP reported 58 stock positions worth $2.7 billion. Its top holding was Microsoft (MSFT) at 12.4% of the portfolio, followed by Amazon.com (AMZN, 7.9%) and Broadcom (AVGO, 7.4%). Compared with Q2 2024, it opened 26 new positions, sold out of 43, added to 8 and reduced 15. The biggest buy was Microsoft (MSFT, shares +41%) and the biggest sale an exit from Micron Technology (MU).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001666335
Portfolio Value
$2.7B (Q3 2024)
SEC Filing
0001666335-24-000017 ↗ filed Nov 14, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $3.8B Q1 2024 Q2 2024: $4.2B Q2 2024 Q3 2024: $2.7B $2.7B Q3 2024 Q4 2024: $4.5B Q4 2024 Q1 2025: $3.6B Q1 2025 Q2 2025: $5.9B Q2 2025 Q3 2025: $7.9B Q3 2025 Q4 2025: $6.7B Q4 2025 Q1 2026: $5.6B Q1 2026 Q2 2026: $8.0B Q2 2026

Holdings 58 stocks · $2.7B
MSFT Microsoft Corp. 12.40% 793,365 $340.7M Add +41.3%
AMZN Amazon.com Inc. 7.90% 1,166,141 $217.0M Reduce -39.3%
AVGO Broadcom Inc. 7.44% 1,185,511 $204.4M Reduce -18.6%
AMD Advanced Micro Devices 5.69% 953,747 $156.4M Reduce -18.0%
NVDA Nvidia Corp. 5.30% 1,202,783 $145.7M Reduce -30.3%
GOOGL Alphabet Inc. Class A 4.34% 719,330 $119.2M Add +355.4%
ADBE Adobe Inc. 3.60% 191,447 $99.0M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.00% 2,080,355 $82.6M Reduce -73.3%
WDAY Workday Inc. Class A 2.93% 329,839 $80.6M Add +15.2%
META Meta Platforms Inc. Class A 2.69% 129,095 $73.8M Reduce -70.1%
VST Vistra Corp. 2.59% 601,604 $71.3M No change
CIEN Ciena Corp. 2.58% 1,149,777 $70.8M Reduce -43.6%
MPWR Monolithic Power Systems Inc. 2.57% 76,518 $70.8M Add +129.6%
CEG Constellation Energy 2.41% 254,604 $66.2M Reduce -37.9%
SMH Vaneck Semiconductor ETF 2.32% 260,499 $63.9M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.18% 271,694 $60.0M No change
LLY Eli Lilly & Co. 2.18% 67,559 $59.8M New
PANW Palo Alto Networks Inc. 2.12% 170,238 $58.1M Add +202.9%
ZS Zscaler Inc. 2.04% 328,818 $56.2M Add +288.9%
TEAM Atlassian Corp. Class A 1.95% 337,221 $53.5M Add +442.2%
TER Teradyne Inc. 1.45% 297,901 $39.9M New
AAPL Apple Inc. 1.42% 167,433 $39.0M New
NEM Newmont Corp. 1.33% 685,270 $36.6M New
COHR Coherent Corp. 1.32% 407,688 $36.2M Add +135.7%
CRM Salesforce Inc. 1.30% 130,502 $35.7M Reduce -83.5%
MRVL Marvell Technology Inc. 1.17% 444,929 $32.1M Reduce -79.4%
PEG Public Service Enterprise GP 1.14% 351,823 $31.4M No change
CRDO Credo Technology Group Holdi 1.12% 1,002,846 $30.9M New
ALLY Ally Financial Inc. 1.12% 866,182 $30.8M New
GGAL Grupo Financiero Galicia-ADR 1.08% 702,267 $29.6M Reduce -31.3%
KRE SS SPDR S&P Regional Bank 0.90% 438,104 $24.8M New
MTZ Mastec Inc. 0.86% 193,007 $23.7M No change
PWR Quanta Services Inc. 0.81% 75,025 $22.4M No change
DECK Deckers Outdoor Corp. 0.77% 132,900 $21.2M New
ANF Abercrombie & Fitch Co. Class A 0.72% 142,371 $19.9M New
KGC Kinross Gold Corp. 0.57% 1,666,109 $15.6M New
ARMK Aramark 0.56% 395,826 $15.3M New
BMA Banco Macro SA-ADR 0.54% 231,731 $14.7M Reduce -20.7%
LSCC Lattice Semiconductor Corp. 0.40% 207,642 $11.0M New
SN Sharkninja Inc. 0.39% 98,402 $10.7M New
FL Foot Locker Inc. 0.33% 351,803 $9.1M New
DDOG Datadog Inc. Class A 0.32% 76,212 $8.8M Reduce -51.0%
GFI Gold Fields Ltd.-Spons ADR 0.30% 540,384 $8.3M New
ECHO Echostar Corp. Class A 0.24% 264,793 $6.6M New
LUV Southwest Airlines Co. 0.19% 176,118 $5.2M New
MDB Mongodb Inc. 0.19% 19,085 $5.2M No change
DAL Delta Air Lines Inc. 0.18% 100,000 $5.1M New
CRWD CrowdStrike Holdings Inc. Class A 0.18% 17,603 $4.9M Reduce -50.0%
INDV Indivior Ltd. 0.18% 500,032 $4.9M New
BLCO Bausch + Lomb Corp. 0.17% 241,221 $4.7M Reduce -66.5%
AU Anglogold Ashanti PLC 0.14% 140,700 $3.7M New
SMFG Sumitomo Mitsui-Spons ADR 0.14% 293,693 $3.7M New
XOP SS SPDR S&P Og Exp & Prod 0.10% 20,644 $2.7M New
MUFG Mitsubishi Ufj Finl-Spon ADR 0.06% 159,784 $1.6M New
FXI iShares China Large-Cap ETF 0.04% 35,996 $1.1M New
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 0.02% 58,990 $611K No change
EWW iShares MSCI Mexico ETF 0.02% 10,590 $568K No change
FCX Freeport-McMoran Inc. 0.01% 4,509 $225K No change

Options reported separately and not counted above: IWM puts ($1.1B), IWM calls ($996.5M), XLE puts ($161.5M), XLF puts ($156.1M), XLE calls ($136.9M), SMH calls ($134.8M), KRE calls ($131.8M), XLF calls ($101.9M), UBS calls ($101.8M), SMH puts ($98.1M), FXI calls ($69.9M), UBS puts ($67.9M), and 3 more.

Other holdings (1): bonds, preferreds, convertibles and warrants · $98.6M (not counted above)
SecurityClassShares / PrincipalValueChange
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal 120,378$98.6MReduce -99.9%

Total filed on the 13F, all lines: $2.8B.

Portfolio Sells Q2 2024 → Q3 2024
MU Micron Technology Inc. Sold out 0.00% −7.09
BAC Bank of America Corp. Reduce -73.3% 3.00% −4.33
WFC Wells Fargo & Co. Sold out 0.00% −4.10
CRM Salesforce Inc. Reduce -83.5% 1.30% −3.50
XLE SS Energy Select Sector Sold out 0.00% −2.85
META Meta Platforms Inc. Class A Reduce -70.1% 2.69% −2.46
MRVL Marvell Technology Inc. Reduce -79.4% 1.17% −2.41
GS Goldman Sachs Group Inc. Sold out 0.00% −1.84
FTNT Fortinet Inc. Sold out 0.00% −1.69
GDXJ Vaneck Junior Gold Miners Sold out 0.00% −1.42
JPM JPMorgan Chase & Co. Sold out 0.00% −1.38
CCJ Cameco Corp. Sold out 0.00% −1.26
C Citigroup Inc. Sold out 0.00% −1.10
AMZN Amazon.com Inc. Reduce -39.3% 7.90% −0.89
LOW Lowe's Cos Inc. Sold out 0.00% −0.88
INTC Intel Corp. Sold out 0.00% −0.83
LRCX Lam Research Corp. Sold out 0.00% −0.69
AMAT Applied Materials Inc. Sold out 0.00% −0.68
BKNG Booking Holdings Inc. Sold out 0.00% −0.61
NTLA Intellia Therapeutics Inc. Sold out 0.00% −0.60
ARWR Arrowhead Pharmaceuticals Inc. Sold out 0.00% −0.58
UEC Uranium Energy Corp. Sold out 0.00% −0.57
SBUX Starbucks Corp. Sold out 0.00% −0.56
LULU Lululemon Athletica Inc. Sold out 0.00% −0.55
URNM Sprott Uranium Miners ETF Sold out 0.00% −0.48
MAR Marriott International Class A Sold out 0.00% −0.48
DHI D.R. Horton Inc. Sold out 0.00% −0.48
SHW The Sherwin-Williams Co. Sold out 0.00% −0.45
MA Mastercard Inc. Class A Sold out 0.00% −0.43
SPGI S&P Global Inc. Sold out 0.00% −0.41
TJX TJX Companies Inc. Sold out 0.00% −0.35
XHB SS SPDR S&P Homebldrs ETF Sold out 0.00% −0.34
NXE Nexgen Energy Ltd. Sold out 0.00% −0.34
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.26
DNN Denison Mines Corp. Sold out 0.00% −0.21
WSM Williams-Sonoma Inc. Sold out 0.00% −0.21
MS Morgan Stanley Sold out 0.00% −0.19
WRB WR Berkley Corp. Sold out 0.00% −0.18
DDOG Datadog Inc. Class A Reduce -51.0% 0.32% −0.16
MDGL Madrigal Pharmaceuticals Inc. Sold out 0.00% −0.16
CRWD CrowdStrike Holdings Inc. Class A Reduce -50.0% 0.18% −0.14
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.12
AAL American Airlines Group Inc. Sold out 0.00% −0.11
BLCO Bausch + Lomb Corp. Reduce -66.5% 0.17% −0.08
YPF YPF S.A.-Sponsored ADR Sold out 0.00% −0.06
EEM iShares MSCI Emerging Market Sold out 0.00% −0.05
URG Ur-Energy Inc. Sold out 0.00% −0.05
GAUZ Gauzy Ltd. Sold out 0.00% −0.04
CRBU Caribou Biosciences Inc. Sold out 0.00% −0.03
NWL Newell Brands Inc. Sold out 0.00% −0.02

Portfolio Buys Q2 2024 → Q3 2024
MSFT Microsoft Corp. Add +41.3% 12.40% +6.46
GOOGL Alphabet Inc. Class A Add +355.4% 4.34% +3.66
ADBE Adobe Inc. New 3.60% +3.60
SMH Vaneck Semiconductor ETF New 2.32% +2.32
LLY Eli Lilly & Co. New 2.18% +2.18
MPWR Monolithic Power Systems Inc. Add +129.6% 2.57% +1.93
TEAM Atlassian Corp. Class A Add +442.2% 1.95% +1.69
PANW Palo Alto Networks Inc. Add +202.9% 2.12% +1.66
ZS Zscaler Inc. Add +288.9% 2.04% +1.66
TER Teradyne Inc. New 1.45% +1.45
WDAY Workday Inc. Class A Add +15.2% 2.93% +1.42
AAPL Apple Inc. New 1.42% +1.42
NEM Newmont Corp. New 1.33% +1.33
CRDO Credo Technology Group Holdi New 1.12% +1.12
ALLY Ally Financial Inc. New 1.12% +1.12
COHR Coherent Corp. Add +135.7% 1.32% +1.02
KRE SS SPDR S&P Regional Bank New 0.90% +0.90
DECK Deckers Outdoor Corp. New 0.77% +0.77
ANF Abercrombie & Fitch Co. Class A New 0.72% +0.72
KGC Kinross Gold Corp. New 0.57% +0.57
ARMK Aramark New 0.56% +0.56
LSCC Lattice Semiconductor Corp. New 0.40% +0.40
SN Sharkninja Inc. New 0.39% +0.39
FL Foot Locker Inc. New 0.33% +0.33
GFI Gold Fields Ltd.-Spons ADR New 0.30% +0.30
ECHO Echostar Corp. Class A New 0.24% +0.24
LUV Southwest Airlines Co. New 0.19% +0.19
DAL Delta Air Lines Inc. New 0.18% +0.18
INDV Indivior Ltd. New 0.18% +0.18
AU Anglogold Ashanti PLC New 0.14% +0.14
SMFG Sumitomo Mitsui-Spons ADR New 0.14% +0.14
XOP SS SPDR S&P Og Exp & Prod New 0.10% +0.10
MUFG Mitsubishi Ufj Finl-Spon ADR New 0.06% +0.06
FXI iShares China Large-Cap ETF New 0.04% +0.04

Options Activity Q2 2024 → Q3 2024
QQQ Invesco QQQ Trust Series 1 call Sold out 10,570,000 $5.1Bbefore exit
QQQ Invesco QQQ Trust Series 1 put Sold out 5,950,000 $2.8Bbefore exit
IWM iShares Russell 2000 ETF call Add +38.3% 4,512,000 $996.5M
EEM iShares MSCI Emerging Market call Sold out 17,500,000 $745.4Mbefore exit
FXI iShares China Large-Cap ETF put Sold out 7,600,000 $200.6Mbefore exit
PDD PDD Holdings Inc. put Sold out 1,425,000 $192.0Mbefore exit
XLE SS Energy Select Sector put Add +84.0% 1,840,000 $161.5M
XLF SS Financial Select Sector put Add +175.8% 3,447,300 $156.1M
XLE SS Energy Select Sector call Add +56.0% 1,560,000 $136.9M
SMH Vaneck Semiconductor ETF call Add +41.0% 550,000 $134.8M
KRE SS SPDR S&P Regional Bank call New 2,330,000 $131.8M
MU Micron Technology Inc. call Sold out 815,000 $107.1Mbefore exit
XLF SS Financial Select Sector call Add +80.0% 2,250,000 $101.9M
SMH Vaneck Semiconductor ETF put New 400,000 $98.1M
EWZ iShares MSCI Brazil ETF call Sold out 3,450,000 $94.2Mbefore exit
FXI iShares China Large-Cap ETF call New 2,200,000 $69.9M
CRM Salesforce Inc. call Sold out 200,000 $51.4Mbefore exit
EEM iShares MSCI Emerging Market put Sold out 700,000 $29.8Mbefore exit
FCX Freeport-McMoran Inc. call Sold out 600,000 $29.2Mbefore exit
TSLA Tesla Inc. call New 100,000 $26.1M
XOP SS SPDR S&P Og Exp & Prod put New 180,000 $23.7M
WDAY Workday Inc. Class A call Sold out 100,000 $22.3Mbefore exit
PANW Palo Alto Networks Inc. call Sold out 60,000 $20.3Mbefore exit
BABA Alibaba Group Holding-SP ADR call New 55,000 $5.8M
PINS Pinterest Inc. Class A call Sold out 62,500 $2.8Mbefore exit
PINS Pinterest Inc. Class A put Sold out 62,500 $2.8Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2024 → Q3 2024
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal Reduce -99.9% 120,378 $98.6M
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal Sold out 17,500,000 $14.2Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 134$8.0BQQQ, GOOGL, NVDA, SNDK, C
Q1 2026 126$5.6BGOOGL, AAPL, NVDA, META, XLV
Q4 2025 87$6.7BGOOGL, QQQ, AVGO, AMZN, MSFT
Q3 2025 81$7.9BNVDA, GOOGL, MSFT, QQQ, AMZN
Q2 2025 92$5.9BMSFT, QQQ, AMZN, GS, META
Q1 2025 66$3.6BAAPL, MSFT, AMZN, DFS, GS
Q4 2024 62$4.5BQQQ, NVDA, MSFT, META, GS
Q3 2024 58$2.7BMSFT, AMZN, AVGO, AMD, NVDA
Q2 2024 75$4.2BAMZN, BAC, MU, MSFT, AVGO
Q1 2024Amended 70$3.8BIWM, QQQ, GOOG, META, MSFT