XTX Topco Ltd

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), XTX Topco Ltd reported 2,206 stock positions worth $1.2 billion. Its top holding was Unitedhealth (UNH) at 0.8% of the portfolio, followed by Cme (CME, 0.8%) and Nvidia (NVDA, 0.6%). Compared with Q3 2024, it opened 1,125 new positions, sold out of 933, added to 514 and reduced 566. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale an exit from Visa Class A (V).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001828301
Portfolio Value
$1.2B (Q4 2024)
SEC Filing
0001828301-25-000023 ↗ filed Feb 13, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $741.8M Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.2B $1.2B Q4 2024 Q1 2025: $2.0B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $1.9B Q3 2025 Q4 2025: $3.8B Q4 2025 Q1 2026: $5.8B Q1 2026 Q2 2026: $7.7B Q2 2026

Holdings 2,206 stocks · $1.2B
UNH Unitedhealth Group Inc. 0.84% 19,706 $10.0M New
CME Cme Group Inc. 0.78% 40,000 $9.3M No change
NVDA Nvidia Corp. 0.63% 56,346 $7.6M Reduce -22.9%
TSLA Tesla Inc. 0.61% 18,090 $7.3M Add +206.6%
WMT Walmart Inc. 0.46% 60,043 $5.4M New
MSFT Microsoft Corp. 0.44% 12,433 $5.2M New
FDX FedEx Corp. 0.43% 18,138 $5.1M Reduce -22.3%
FISV Fiserv Inc. 0.42% 24,451 $5.0M Add +90.0%
AMZN Amazon.com Inc. 0.40% 21,886 $4.8M Add +82.8%
HLT Hilton Worldwide Holdings Inc. 0.39% 19,006 $4.7M Add +29.0%
BDX Becton Dickinson and Co. 0.39% 20,639 $4.7M New
GOOG Alphabet Inc. Class C 0.39% 24,547 $4.7M Reduce -28.2%
CRM Salesforce Inc. 0.38% 13,572 $4.5M New
KO The Coca-Cola Co. 0.38% 72,423 $4.5M New
AVGO Broadcom Inc. 0.36% 18,388 $4.3M Reduce -38.9%
AFL Aflac Inc. 0.35% 40,380 $4.2M Add +1061.3%
JNJ Johnson & Johnson 0.35% 28,510 $4.1M Add +171.6%
LNG Cheniere Energy Inc. 0.34% 19,079 $4.1M New
SPY SS SPDR S&P 500 ETF Trust-US 0.34% 6,876 $4.0M Add +611.1%
KR Kroger Co. 0.34% 65,700 $4.0M New
UL Unilever PLC 0.33% 70,140 $4.0M Add +42.1%
ICE Intercontinental Exchange Inc. 0.33% 26,416 $3.9M Add +15.2%
YUM Yum! Brands Inc. 0.33% 29,157 $3.9M New
AZN Astrazeneca PLC-Spons ADR 0.32% 59,101 $3.9M Add +81.7%
KMI Kinder Morgan Inc. 0.32% 139,678 $3.8M Add +119.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.31% 48,779 $3.7M Add +199.8%
EQT Eqt Corp. 0.31% 79,638 $3.7M New
NVR NVR Inc. 0.29% 422 $3.5M Add +1909.5%
ORCL Oracle Corp. 0.27% 19,558 $3.3M Add +1448.5%
PM Philip Morris International 0.27% 26,750 $3.2M New
CRWD CrowdStrike Holdings Inc. Class A 0.27% 9,395 $3.2M New
F Ford Motor Co. filed as FORD MTR CO 0.27% 324,389 $3.2M Add +217.2%
ABT Abbott Laboratories 0.27% 28,053 $3.2M Add +1415.6%
APH Amphenol Corp. Class A 0.26% 45,255 $3.1M Add +2.0%
QQQ Invesco QQQ Trust Series 1 0.26% 6,038 $3.1M Add +106.3%
TMUS T-Mobile US Inc. 0.26% 13,926 $3.1M Add +23.9%
IBKR Interactive Brokers Gro Class A 0.25% 17,095 $3.0M Add +3.0%
SHW The Sherwin-Williams Co. 0.24% 8,523 $2.9M Add +19.1%
UBER Uber Technologies Inc. 0.24% 46,614 $2.8M Add +31.9%
CHE Chemed Corp. 0.23% 5,281 $2.8M Add +85.8%
RTX RTX Corp. 0.23% 24,079 $2.8M New
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.23% 9,561 $2.8M Reduce -36.2%
LULU Lululemon Athletica Inc. 0.22% 6,936 $2.7M New
ARCC Ares Capital Corp. 0.22% 118,965 $2.6M Add +332.9%
NOW ServiceNow Inc. 0.22% 2,447 $2.6M Add +36.3%
TPL Texas Pacific Land Corp. 0.22% 2,342 $2.6M New
PR Permian Resources Corp. Class A 0.22% 179,965 $2.6M Add +502.9%
CYBR Cyberark Software Ltd./Israel 0.22% 7,721 $2.6M New
LCID Lucid Group Inc. 0.22% 849,140 $2.6M Add +395.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.21% 2,427 $2.6M Add +28.1%
QCOM Qualcomm Inc. 0.21% 16,570 $2.5M Add +61.9%
DVN Devon Energy Corp. 0.21% 77,572 $2.5M Reduce -8.3%
SO The Southern Co. 0.21% 30,480 $2.5M New
WCN Waste Connections Inc. 0.21% 14,525 $2.5M Add +83.7%
PPG PPG Industries Inc. 0.21% 20,862 $2.5M New
ACN Accenture PLC Class A 0.21% 7,080 $2.5M New
APO Apollo Global Management Inc. 0.21% 15,079 $2.5M Reduce -10.0%
EOG EOG Resources Inc. 0.21% 20,205 $2.5M New
CHKP Check Point Software Tech 0.21% 13,240 $2.5M Add +275.6%
FIS Fidelity National Info Serv 0.21% 30,368 $2.5M New
ULTA Ulta Beauty Inc. 0.21% 5,638 $2.5M New
WEC WEC Energy Group Inc. 0.20% 25,900 $2.4M Add +373.3%
RNR Renaissancere Holdings Ltd. 0.20% 9,710 $2.4M Add +944.1%
BCE Bce Inc. 0.20% 104,025 $2.4M New
NKE Nike Inc. Class B 0.20% 31,286 $2.4M Add +561.9%
EMR Emerson Electric Co. 0.20% 18,991 $2.4M New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.20% 19,880 $2.3M New
META Meta Platforms Inc. Class A 0.19% 3,956 $2.3M Reduce -76.7%
SNA Snap-on Inc. 0.19% 6,779 $2.3M Add +662.5%
ESS Essex Property Trust Inc. 0.19% 7,945 $2.3M Add +220.1%
L Loews Corp. 0.19% 26,550 $2.2M New
HBAN Huntington Bancshares Inc. 0.19% 137,875 $2.2M New
LIN Linde PLC 0.19% 5,313 $2.2M New
TLT iShares 20+ Year Treasury BD 0.19% 25,400 $2.2M Add +556.8%
CMG Chipotle Mexican Grill Inc. 0.19% 36,611 $2.2M Reduce -52.8%
OKE Oneok Inc. 0.18% 21,772 $2.2M Add +82.1%
AME Ametek Inc. 0.18% 11,871 $2.1M Add +695.1%
MPLX MPLX LP 0.18% 43,850 $2.1M New
NI Nisource Inc. 0.18% 56,859 $2.1M New
JEF Jefferies Financial Group Inc. 0.17% 26,429 $2.1M Add +106.3%
LMT Lockheed Martin Corp. 0.17% 4,239 $2.1M Add +454.8%
IDCC Interdigital Inc. 0.17% 10,595 $2.1M New
GIS General Mills Inc. 0.17% 31,731 $2.0M Reduce -32.4%
FE Firstenergy Corp. 0.17% 50,737 $2.0M Reduce -8.6%
AMED Amedisys Inc. 0.17% 21,697 $2.0M New
ADI Analog Devices Inc. 0.16% 9,212 $2.0M Reduce -39.2%
CNP Centerpoint Energy Inc. 0.16% 60,992 $1.9M Add +51.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.16% 15,965 $1.9M New
LYB Lyondellbasell Indu Class A 0.16% 25,962 $1.9M New
IR Ingersoll-Rand Inc. 0.16% 21,249 $1.9M New
IT Gartner Inc. 0.16% 3,943 $1.9M New
ATO Atmos Energy Corp. 0.16% 13,716 $1.9M Add +38.8%
HAL Halliburton Co. 0.16% 69,997 $1.9M Reduce -13.7%
AMTM Amentum Holdings Inc. 0.16% 90,065 $1.9M Add +1118.4%
LVS Las Vegas Sands Corp. 0.16% 36,865 $1.9M New
STM Stmicroelectronics NV-NY SHS 0.16% 75,211 $1.9M Add +207.6%
GAP The Gap Inc. 0.16% 78,673 $1.9M Add +128.3%
CTRA Coterra Energy Inc. 0.16% 72,644 $1.9M New
CIEN Ciena Corp. 0.16% 21,831 $1.9M Add +114.5%
SAM Boston Beer Company Inc. Class A 0.16% 6,162 $1.8M Add +25.7%

Show all 2,206 holdings

Options reported separately and not counted above: TSLA calls ($9.0M), TSLA puts ($7.5M), META calls ($1.8M), NVDA puts ($1.7M), NVDA calls ($1.7M), META puts ($937K), GOOG calls ($928K), AMZN puts ($812K), AMZN calls ($373K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
SecurityClassShares / PrincipalValueChange
MSPRW MSP Recovery Inc. -27 *W EXP 05/20/202 858,922$3KNo change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q3 2024 → Q4 2024
V Visa Inc. Class A Sold out 0.00% −0.82
NFLX Netflix Inc. Reduce -92.2% 0.09% −0.71
META Meta Platforms Inc. Class A Reduce -76.7% 0.19% −0.51
C Citigroup Inc. Sold out 0.00% −0.50
CAT Caterpillar Inc. Reduce -94.0% 0.03% −0.42
PG The Procter & Gamble Co. Sold out 0.00% −0.39
FERG Ferguson Enterprises Inc. Reduce -91.1% 0.04% −0.38
GEV GE Vernova Inc. Sold out 0.00% −0.37
BAC Bank of America Corp. Sold out 0.00% −0.34
MELI MercadoLibre Inc. Sold out 0.00% −0.31
PEP Pepsico Inc. Sold out 0.00% −0.29
SNOW Snowflake Inc. Sold out 0.00% −0.28
APP AppLovin Corp. Class A Sold out 0.00% −0.27
MRK Merck & Co. Inc. Reduce -75.9% 0.08% −0.26
BTI British American Tob-SP ADR Reduce -78.1% 0.09% −0.25
BP BP PLC-Spons ADR Sold out 0.00% −0.25
SYY Sysco Corp. Reduce -89.5% 0.03% −0.24
MET Metlife Inc. Reduce -79.0% 0.08% −0.24
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.24
ALB Albemarle Corp. Sold out 0.00% −0.23
SKX Skechers USA Inc. Class A Sold out 0.00% −0.23
FDS Factset Research Systems Inc. Sold out 0.00% −0.23
ENTG Entegris Inc. Sold out 0.00% −0.22
USFD US Foods Holding Corp. Sold out 0.00% −0.22
BBY Best Buy Co. Inc. Sold out 0.00% −0.22
OVV Ovintiv Inc. Sold out 0.00% −0.22
JBL Jabil Inc. Sold out 0.00% −0.22
IP International Paper Co. Sold out 0.00% −0.22
CLX Clorox Company Sold out 0.00% −0.22
DOV Dover Corp. Sold out 0.00% −0.22
AIG American International Group Sold out 0.00% −0.21
SAP Sap SE-Sponsored ADR Sold out 0.00% −0.21
CHTR Charter Communications Inc. Class A Sold out 0.00% −0.21
AWK American Water Works Co. Inc. Sold out 0.00% −0.21
IBM Intl Business Machines Corp. Reduce -64.5% 0.14% −0.21
NTNX Nutanix Inc. Class A Sold out 0.00% −0.20
WDC Western Digital Corp. Sold out 0.00% −0.20
WEX Wex Inc. Sold out 0.00% −0.20
EME Emcor Group Inc. Sold out 0.00% −0.20
SCCO Southern Copper Corp. Reduce -84.3% 0.03% −0.20
KLAC KLA Corp. Sold out 0.00% −0.20
GWRE Guidewire Software Inc. Sold out 0.00% −0.19
VLO Valero Energy Corp. Sold out 0.00% −0.19
MCHP Microchip Technology Inc. Sold out 0.00% −0.19
SHEL Shell PLC-ADR Sold out 0.00% −0.18
OLN Olin Corp. Sold out 0.00% −0.18
GOOGL Alphabet Inc. Class A Reduce -70.8% 0.11% −0.18
KBR KBR Inc. Reduce -88.5% 0.02% −0.17
FITB Fifth Third Bancorp Sold out 0.00% −0.17
TRMB Trimble Inc. Sold out 0.00% −0.17

Portfolio Buys Q3 2024 → Q4 2024
UNH Unitedhealth Group Inc. New 0.84% +0.84
TSLA Tesla Inc. Add +206.6% 0.61% +0.50
WMT Walmart Inc. New 0.46% +0.46
MSFT Microsoft Corp. New 0.44% +0.44
BDX Becton Dickinson and Co. New 0.39% +0.39
CRM Salesforce Inc. New 0.38% +0.38
KO The Coca-Cola Co. New 0.38% +0.38
LNG Cheniere Energy Inc. New 0.34% +0.34
KR Kroger Co. New 0.34% +0.34
YUM Yum! Brands Inc. New 0.33% +0.33
AFL Aflac Inc. Add +1061.3% 0.35% +0.32
EQT Eqt Corp. New 0.31% +0.31
SPY SS SPDR S&P 500 ETF Trust-US Add +611.1% 0.34% +0.30
NVR NVR Inc. Add +1909.5% 0.29% +0.27
PM Philip Morris International New 0.27% +0.27
CRWD CrowdStrike Holdings Inc. Class A New 0.27% +0.27
ORCL Oracle Corp. Add +1448.5% 0.27% +0.26
FISV Fiserv Inc. Add +90.0% 0.42% +0.25
ABT Abbott Laboratories Add +1415.6% 0.27% +0.25
AMZN Amazon.com Inc. Add +82.8% 0.40% +0.24
RTX RTX Corp. New 0.23% +0.23
BNY Bank of New York Mellon Corp. Add +199.8% 0.31% +0.23
LULU Lululemon Athletica Inc. New 0.22% +0.22
JNJ Johnson & Johnson Add +171.6% 0.35% +0.22
KMI Kinder Morgan Inc. Add +119.7% 0.32% +0.22
TPL Texas Pacific Land Corp. New 0.22% +0.22
CYBR Cyberark Software Ltd./Israel New 0.22% +0.22
SO The Southern Co. New 0.21% +0.21
PPG PPG Industries Inc. New 0.21% +0.21
ACN Accenture PLC Class A New 0.21% +0.21
EOG EOG Resources Inc. New 0.21% +0.21
FIS Fidelity National Info Serv New 0.21% +0.21
ULTA Ulta Beauty Inc. New 0.21% +0.21
BCE Bce Inc. New 0.20% +0.20
EMR Emerson Electric Co. New 0.20% +0.20
TTD Trade Desk Inc./the Class A New 0.20% +0.20
F Ford Motor Co. Add +217.2% 0.27% +0.19
L Loews Corp. New 0.19% +0.19
HBAN Huntington Bancshares Inc. New 0.19% +0.19
PR Permian Resources Corp. Class A Add +502.9% 0.22% +0.19
LIN Linde PLC New 0.19% +0.19
RNR Renaissancere Holdings Ltd. Add +944.1% 0.20% +0.18
ARCC Ares Capital Corp. Add +332.9% 0.22% +0.18
MPLX MPLX LP New 0.18% +0.18
NI Nisource Inc. New 0.18% +0.18
SNA Snap-on Inc. Add +662.5% 0.19% +0.17
IDCC Interdigital Inc. New 0.17% +0.17
LCID Lucid Group Inc. Add +395.7% 0.22% +0.17
NKE Nike Inc. Class B Add +561.9% 0.20% +0.17
WEC WEC Energy Group Inc. Add +373.3% 0.20% +0.17

Options Activity Q3 2024 → Q4 2024
TSLA Tesla Inc. call Add +10.4% 22,200 $9.0M
TSLA Tesla Inc. put Add +126.8% 18,600 $7.5M
META Meta Platforms Inc. Class A call New 3,100 $1.8M
NVDA Nvidia Corp. put New 13,000 $1.7M
NVDA Nvidia Corp. call New 12,700 $1.7M
META Meta Platforms Inc. Class A put New 1,600 $937K
GOOG Alphabet Inc. Class C call Add +81.5% 4,900 $928K
AMZN Amazon.com Inc. put New 3,700 $812K
AMZN Amazon.com Inc. call Add +41.7% 1,700 $373K
GOOG Alphabet Inc. Class C put Sold out 1,900 $315Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4,087$7.7BCVX, BRK.B, SMH, CME, NFLX
Q1 2026 3,773$5.8BEWY, SPY, DIA, CME, NVDA
Q4 2025 3,255$3.8BPG, JPM, NVDA, SPY, AAPL
Q3 2025 2,485$1.9BNVDA, QQQ, JNJ, CME, TMO
Q2 2025 2,275$2.4BNVDA, AMZN, PM, MSFT, BRK.B
Q1 2025 2,330$2.0BCME, MCD, NFLX, CRH, GE
Q4 2024 2,206$1.2BUNH, CME, NVDA, TSLA, WMT
Q3 2024 2,013$1.4BV, NFLX, META, NVDA, CME
Q2 2024 1,784$1.2BAAPL, META, MSFT, GOOG, CVX
Q1 2024 1,775$741.8MSMCI, TSLA, META, GE, REGN