13F HOLDINGS REPORT

CAPITAL FUND MANAGEMENT S.A.

Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001323645-26-000006

Total Value

$35.99B

Positions

2,325

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (500)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR S&P 500 ETF TR TR UNIT	SPY	560,300	$382.1M	1.44%
2	MICRON TECHNOLOGY INC COM	MU	1,157,800	$330.4M	1.25%
3	SPDR S&P 500 ETF TR TR UNIT	SPY	457,600	$312.0M	1.18%
4	APPLE INC COM	AAPL	1,033,700	$281.0M	1.06%
5	NVIDIA CORPORATION COM	NVDA	1,451,529	$270.7M	1.02%
6	TESLA INC COM	TSLA	541,058	$243.3M	0.92%
7	APPLE INC COM	AAPL	850,925	$231.3M	0.87%
8	APPLE INC COM	AAPL	832,000	$226.2M	0.86%
9	TESLA INC COM	TSLA	494,800	$222.5M	0.84%
10	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	706,378	$214.7M	0.81%
11	PALANTIR TECHNOLOGIES INC CL A	PLTR	1,150,500	$204.5M	0.77%
12	TESLA INC COM	TSLA	434,100	$195.2M	0.74%
13	PALANTIR TECHNOLOGIES INC CL A	PLTR	1,035,700	$184.1M	0.70%
14	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	590,800	$179.5M	0.68%
15	JPMORGAN CHASE & CO. COM	VYLD	502,800	$162.0M	0.61%
16	NVIDIA CORPORATION COM	NVDA	839,700	$156.6M	0.59%
17	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	311,100	$156.4M	0.59%
18	MICRON TECHNOLOGY INC COM	MU	546,300	$155.9M	0.59%
19	UNITEDHEALTH GROUP INC COM	UNH	464,000	$153.2M	0.58%
20	ELI LILLY & CO COM	LLY	141,100	$151.6M	0.57%
21	ALPHABET INC CAP STK CL A	GOOG	484,300	$151.6M	0.57%
22	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	292,100	$146.8M	0.56%
23	GOLDMAN SACHS GROUP INC COM	GSCE	153,100	$134.6M	0.51%
24	CHEVRON CORP NEW COM	CVX	829,197	$126.4M	0.48%
25	BROADCOM INC COM	AVGO	362,400	$125.4M	0.47%
26	GE AEROSPACE COM NEW	369604301	404,637	$124.6M	0.47%
27	COSTCO WHSL CORP NEW COM	22160K105	142,900	$123.2M	0.47%
28	BOOKING HOLDINGS INC COM	BKNG	21,795	$116.7M	0.44%
29	MICROSOFT CORP COM	MSFT	241,000	$116.6M	0.44%
30	ALPHABET INC CAP STK CL A	GOOG	367,400	$115.0M	0.43%
31	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	375,900	$114.2M	0.43%
32	ROBINHOOD MKTS INC COM CL A	770700102	1,009,200	$114.1M	0.43%
33	BOSTON SCIENTIFIC CORP COM	BSX	1,152,048	$109.8M	0.42%
34	LAM RESEARCH CORP COM NEW	LRCX	640,600	$109.7M	0.41%
35	BOEING CO COM	BA-PA	503,076	$109.2M	0.41%
36	SPDR SERIES TRUST STATE STREET SPD	78464A698	1,655,900	$107.3M	0.41%
37	AMERICAN EXPRESS CO COM	AXP	282,600	$104.5M	0.40%
38	ARM HOLDINGS PLC SPONSORED ADS	042068205	954,600	$104.3M	0.39%
39	PHILIP MORRIS INTL INC COM	718172109	649,846	$104.2M	0.39%
40	BANK AMERICA CORP COM	060505104	1,887,992	$103.8M	0.39%
41	BROADCOM INC COM	AVGO	299,600	$103.7M	0.39%
42	NVIDIA CORPORATION COM	NVDA	555,300	$103.6M	0.39%
43	MICROSOFT CORP COM	MSFT	214,000	$103.5M	0.39%
44	ADVANCED MICRO DEVICES INC COM	AMD	480,397	$102.9M	0.39%
45	VANECK ETF TRUST GOLD MINERS ETF	92189F106	1,193,000	$102.3M	0.39%
46	GOLDMAN SACHS GROUP INC COM	GSCE	116,300	$102.2M	0.39%
47	CITIGROUP INC COM NEW	C-PR	873,700	$102.0M	0.39%
48	ADVANCED MICRO DEVICES INC COM	AMD	466,900	$100.0M	0.38%
49	AMAZON COM INC COM	AMZN	431,796	$99.7M	0.38%
50	APPLOVIN CORP COM CL A	APP	147,500	$99.4M	0.38%
51	GE VERNOVA INC COM	GEV	151,843	$99.2M	0.38%
52	ALTRIA GROUP INC COM	MO	1,706,598	$98.4M	0.37%
53	ISHARES TR RUSSELL 2000 ETF	464287655	398,600	$98.1M	0.37%
54	GENERAL MTRS CO COM	37045V100	1,182,500	$96.2M	0.36%
55	APPLOVIN CORP COM CL A	APP	138,800	$93.5M	0.35%
56	COINBASE GLOBAL INC COM CL A	COIN	411,300	$93.0M	0.35%
57	AIRBNB INC COM CL A	ABNB	675,585	$91.7M	0.35%
58	ADVANCED MICRO DEVICES INC COM	AMD	419,800	$89.9M	0.34%
59	JPMORGAN CHASE & CO. COM	VYLD	275,198	$88.7M	0.34%
60	VANECK ETF TRUST SEMICONDUCTR ETF	92189F676	246,100	$88.6M	0.34%
61	UNITEDHEALTH GROUP INC COM	UNH	267,500	$88.3M	0.33%
62	INTEL CORP COM	INTC	2,391,600	$88.3M	0.33%
63	RTX CORPORATION COM	RTX	478,636	$87.8M	0.33%
64	ROBINHOOD MKTS INC COM CL A	770700102	761,100	$86.1M	0.33%
65	CITIGROUP INC COM NEW	C-PR	737,200	$86.0M	0.33%
66	INTERNATIONAL BUSINESS MACHS COM	INTR	290,100	$85.9M	0.32%
67	MICRON TECHNOLOGY INC COM	MU	300,781	$85.8M	0.32%
68	HONEYWELL INTL INC COM	438516106	438,151	$85.5M	0.32%
69	NETFLIX INC COM	NFLX	906,340	$85.0M	0.32%
70	NEWMONT CORP COM	NEMCL	849,200	$84.8M	0.32%
71	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	163,063	$82.0M	0.31%
72	ELI LILLY & CO COM	LLY	75,800	$81.5M	0.31%
73	AT&T INC COM	T-PC	3,260,300	$81.0M	0.31%
74	SELECT SECTOR SPDR TR STATE STREET HEA	81369Y209	520,868	$80.6M	0.30%
75	SERVICENOW INC COM	NOW	523,014	$80.1M	0.30%
76	JPMORGAN CHASE & CO. COM	VYLD	246,700	$79.5M	0.30%
77	COINBASE GLOBAL INC COM CL A	COIN	349,700	$79.1M	0.30%
78	INTEL CORP COM	INTC	2,125,600	$78.4M	0.30%
79	GENERAL MTRS CO COM	37045V100	953,100	$77.5M	0.29%
80	VANECK ETF TRUST GOLD MINERS ETF	92189F106	899,600	$77.2M	0.29%
81	INTERNATIONAL BUSINESS MACHS COM	INTR	260,400	$77.1M	0.29%
82	SEA LTD SPONSORD ADS	SE	602,896	$76.9M	0.29%
83	SELECT SECTOR SPDR TR STATE STREET HEA	81369Y209	493,700	$76.4M	0.29%
84	LULULEMON ATHLETICA INC COM	LULU	364,000	$75.6M	0.29%
85	ADOBE INC COM	ADBE	215,800	$75.5M	0.29%
86	CISCO SYS INC COM	CSCO	979,700	$75.5M	0.29%
87	NEWMONT CORP COM	NEMCL	746,400	$74.5M	0.28%
88	META PLATFORMS INC CL A	META	112,800	$74.5M	0.28%
89	ORACLE CORP COM	ORCL-PD	380,600	$74.2M	0.28%
90	CAPITAL ONE FINL CORP COM	14040H105	305,600	$74.1M	0.28%
91	BOEING CO COM	BA-PA	333,900	$72.5M	0.27%
92	ISHARES TR RUSSELL 2000 ETF	464287655	293,600	$72.3M	0.27%
93	CHIPOTLE MEXICAN GRILL INC COM	CMG	1,948,500	$72.1M	0.27%
94	WALMART INC COM	WMT	643,200	$71.7M	0.27%
95	DELTA AIR LINES INC DEL COM NEW	DAL	1,021,500	$70.9M	0.27%
96	SALESFORCE INC COM	CRM	267,452	$70.9M	0.27%
97	JOHNSON & JOHNSON COM	JNJ	339,500	$70.3M	0.27%
98	SPDR SERIES TRUST STATE STREET SPD	78464A870	575,400	$70.2M	0.27%
99	CATERPILLAR INC COM	CAT	122,400	$70.1M	0.27%
100	VISA INC COM CL A	V	199,900	$70.1M	0.27%
101	META PLATFORMS INC CL A	META	106,200	$70.1M	0.27%
102	NETFLIX INC COM	NFLX	739,100	$69.3M	0.26%
103	GE AEROSPACE COM NEW	369604301	223,400	$68.8M	0.26%
104	ADOBE INC COM	ADBE	196,600	$68.8M	0.26%
105	STARBUCKS CORP COM	SBUX	808,300	$68.1M	0.26%
106	THE TRADE DESK INC COM CL A	88339J105	1,790,500	$68.0M	0.26%
107	ARISTA NETWORKS INC COM SHS	ANET	516,800	$67.7M	0.26%
108	COSTCO WHSL CORP NEW COM	22160K105	78,000	$67.3M	0.25%
109	CITIGROUP INC COM NEW	C-PR	575,516	$67.2M	0.25%
110	UBER TECHNOLOGIES INC COM	UBER	815,300	$66.6M	0.25%
111	AMERICAN EXPRESS CO COM	AXP	178,000	$65.9M	0.25%
112	CARVANA CO CL A	CVNA	156,000	$65.8M	0.25%
113	PEPSICO INC COM	PEP	455,300	$65.3M	0.25%
114	SELECT SECTOR SPDR TR STATE STREET TEC	81369Y803	453,500	$65.3M	0.25%
115	SHOPIFY INC CL A SUB VTG SHS	SHOP	404,300	$65.1M	0.25%
116	LAM RESEARCH CORP COM NEW	LRCX	377,500	$64.6M	0.24%
117	MERCADOLIBRE INC COM	MELI	31,931	$64.3M	0.24%
118	IREN LIMITED ORDINARY SHARES	IREN	1,686,300	$63.7M	0.24%
119	DISNEY WALT CO COM	254687106	559,500	$63.7M	0.24%
120	BLACKSTONE INC COM	BX	411,941	$63.5M	0.24%
121	ORACLE CORP COM	ORCL-PD	324,100	$63.2M	0.24%
122	RTX CORPORATION COM	RTX	344,300	$63.1M	0.24%
123	UNITED PARCEL SERVICE INC CL B	UPS	635,900	$63.1M	0.24%
124	NETFLIX INC COM	NFLX	667,900	$62.6M	0.24%
125	ALBEMARLE CORP COM	ALB-PA	440,151	$62.3M	0.24%
126	UNITED AIRLS HLDGS INC COM	UNTCW	555,100	$62.1M	0.23%
127	DEERE & CO COM	DE	132,014	$61.5M	0.23%
128	CROWDSTRIKE HLDGS INC CL A	CRWD	129,900	$60.9M	0.23%
129	FIRST SOLAR INC COM	FSLR	232,300	$60.7M	0.23%
130	ZOETIS INC CL A	ZTS	481,833	$60.6M	0.23%
131	VANECK ETF TRUST SEMICONDUCTR ETF	92189F676	168,300	$60.6M	0.23%
132	SOFI TECHNOLOGIES INC COM	SOFI	2,313,900	$60.6M	0.23%
133	WARNER BROS DISCOVERY INC COM SER A	WBD	2,098,900	$60.5M	0.23%
134	SELECT SECTOR SPDR TR STATE STREET TEC	81369Y803	416,800	$60.0M	0.23%
135	SELECT SECTOR SPDR TR STATE STREET CON	81369Y407	500,100	$59.7M	0.23%
136	LULULEMON ATHLETICA INC COM	LULU	284,400	$59.1M	0.22%
137	SPDR S&P 500 ETF TR TR UNIT	SPY	86,500	$59.0M	0.22%
138	BRISTOL-MYERS SQUIBB CO COM	CELG-RI	1,081,266	$58.3M	0.22%
139	VISA INC COM CL A	V	163,900	$57.5M	0.22%
140	SPOTIFY TECHNOLOGY S A SHS	SPOT	98,850	$57.4M	0.22%
141	SCHWAB CHARLES CORP COM	SCHW-PJ	572,300	$57.2M	0.22%
142	ADOBE INC COM	ADBE	162,242	$56.8M	0.21%
143	SALESFORCE INC COM	CRM	212,700	$56.3M	0.21%
144	LAM RESEARCH CORP COM NEW	LRCX	328,638	$56.3M	0.21%
145	WESTERN DIGITAL CORP COM	WDC	322,700	$55.6M	0.21%
146	OCCIDENTAL PETE CORP COM	674599105	1,350,400	$55.5M	0.21%
147	T-MOBILE US INC COM	TMUSZ	273,400	$55.5M	0.21%
148	AT&T INC COM	T-PC	2,234,200	$55.5M	0.21%
149	VERTIV HOLDINGS CO COM CL A	VRT	342,200	$55.4M	0.21%
150	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS	SE	201,200	$55.4M	0.21%
151	VERIZON COMMUNICATIONS INC COM	VZ	1,357,700	$55.3M	0.21%
152	SCHWAB CHARLES CORP COM	SCHW-PJ	549,500	$54.9M	0.21%
153	SCHWAB CHARLES CORP COM	SCHW-PJ	545,303	$54.5M	0.21%
154	CIRCLE INTERNET GROUP INC COM CL A	CRCL	685,500	$54.4M	0.21%
155	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS	SE	197,000	$54.3M	0.21%
156	NIKE INC CL B	NKE	842,800	$53.7M	0.20%
157	MCDONALDS CORP COM	MCD	175,296	$53.6M	0.20%
158	THE TRADE DESK INC COM CL A	88339J105	1,409,700	$53.5M	0.20%
159	SUPER MICRO COMPUTER INC COM NEW	SMCI	1,815,600	$53.1M	0.20%
160	WARNER BROS DISCOVERY INC COM SER A	WBD	1,841,000	$53.1M	0.20%
161	CROWDSTRIKE HLDGS INC CL A	CRWD	113,100	$53.0M	0.20%
162	GENERAL MLS INC COM	370334104	1,139,500	$53.0M	0.20%
163	T-MOBILE US INC COM	TMUSZ	259,500	$52.7M	0.20%
164	SELECT SECTOR SPDR TR STATE STREET CON	81369Y308	672,500	$52.2M	0.20%
165	SNOWFLAKE INC COM SHS	SNOW	237,700	$52.1M	0.20%
166	DELTA AIR LINES INC DEL COM NEW	DAL	748,600	$52.0M	0.20%
167	JOHNSON & JOHNSON COM	JNJ	251,000	$51.9M	0.20%
168	META PLATFORMS INC CL A	META	78,529	$51.8M	0.20%
169	APPLIED MATLS INC COM	038222105	201,300	$51.7M	0.20%
170	SELECT SECTOR SPDR TR STATE STREET UTI	81369Y886	1,194,600	$51.0M	0.19%
171	ARM HOLDINGS PLC SPONSORED ADS	042068205	465,200	$50.9M	0.19%
172	SELECT SECTOR SPDR TR STATE STREET FIN	81369Y605	926,400	$50.7M	0.19%
173	ACCENTURE PLC IRELAND SHS CLASS A	ACN	188,900	$50.7M	0.19%
174	EXXON MOBIL CORP COM	XOM	420,686	$50.6M	0.19%
175	ROCKET LAB CORP COM	RKLB	718,300	$50.1M	0.19%
176	PHILIP MORRIS INTL INC COM	718172109	309,900	$49.7M	0.19%
177	ARM HOLDINGS PLC SPONSORED ADS	042068205	454,683	$49.7M	0.19%
178	VERTIV HOLDINGS CO COM CL A	VRT	306,100	$49.6M	0.19%
179	AGNICO EAGLE MINES LTD COM	AEM	291,105	$49.4M	0.19%
180	SOFI TECHNOLOGIES INC COM	SOFI	1,884,500	$49.3M	0.19%
181	LOCKHEED MARTIN CORP COM	LMT	101,000	$48.9M	0.18%
182	AMERICAN INTL GROUP INC COM NEW	026874784	569,791	$48.7M	0.18%
183	3M CO COM	MMM	300,500	$48.1M	0.18%
184	GODADDY INC CL A	GDDY	386,937	$48.0M	0.18%
185	SNOWFLAKE INC COM SHS	SNOW	217,000	$47.6M	0.18%
186	BRITISH AMERN TOB PLC SPONSORED ADR	110448107	839,427	$47.5M	0.18%
187	GE VERNOVA INC COM	GEV	71,950	$47.0M	0.18%
188	ARISTA NETWORKS INC COM SHS	ANET	357,400	$46.8M	0.18%
189	FISERV INC COM	FISV	695,098	$46.7M	0.18%
190	AMPHENOL CORP NEW CL A	032095101	343,700	$46.4M	0.18%
191	SERVICENOW INC COM	NOW	301,900	$46.2M	0.17%
192	RTX CORPORATION COM	RTX	251,400	$46.1M	0.17%
193	ISHARES TR CHINA LG-CAP ETF	464287184	1,198,231	$45.9M	0.17%
194	SERVICENOW INC COM	NOW	299,200	$45.8M	0.17%
195	ISHARES TR CHINA LG-CAP ETF	464287184	1,188,400	$45.5M	0.17%
196	WESTERN DIGITAL CORP COM	WDC	263,800	$45.4M	0.17%
197	SELECT SECTOR SPDR TR STATE STREET HEA	81369Y209	290,700	$45.0M	0.17%
198	HIMS & HERS HEALTH INC COM CL A	HIMS	1,380,600	$44.8M	0.17%
199	CINTAS CORP COM	CTAS	237,811	$44.7M	0.17%
200	CHARTER COMMUNICATIONS INC N CL A	16119P108	213,000	$44.5M	0.17%
201	ATLASSIAN CORPORATION CL A	TEAM	274,141	$44.4M	0.17%
202	SHOPIFY INC CL A SUB VTG SHS	SHOP	276,000	$44.4M	0.17%
203	WELLS FARGO CO NEW COM	949746101	476,651	$44.4M	0.17%
204	MCDONALDS CORP COM	MCD	145,000	$44.3M	0.17%
205	SPOTIFY TECHNOLOGY S A SHS	SPOT	76,100	$44.2M	0.17%
206	SPOTIFY TECHNOLOGY S A SHS	SPOT	76,100	$44.2M	0.17%
207	SPDR SERIES TRUST STATE STREET SPD	78464A698	680,700	$44.1M	0.17%
208	APPLIED MATLS INC COM	038222105	171,500	$44.1M	0.17%
209	GE VERNOVA INC COM	GEV	67,425	$44.1M	0.17%
210	BRISTOL-MYERS SQUIBB CO COM	CELG-RI	813,000	$43.9M	0.17%
211	CATERPILLAR INC COM	CAT	76,000	$43.5M	0.16%
212	AMAZON COM INC COM	AMZN	188,600	$43.5M	0.16%
213	INTUIT COM	INTU	65,400	$43.3M	0.16%
214	ONEOK INC NEW COM	OKE	587,500	$43.2M	0.16%
215	VISTRA CORP COM	VST	267,200	$43.1M	0.16%
216	ABBVIE INC COM	ABBV	188,400	$43.0M	0.16%
217	MASTERCARD INCORPORATED CL A	MA	75,400	$43.0M	0.16%
218	WELLS FARGO CO NEW COM	949746101	459,800	$42.9M	0.16%
219	LAUDER ESTEE COS INC CL A	518439104	408,500	$42.8M	0.16%
220	CELESTICA INC COM	CLS	144,000	$42.6M	0.16%
221	TEXAS INSTRS INC COM	882508104	244,200	$42.4M	0.16%
222	ROCKET LAB CORP COM	RKLB	607,300	$42.4M	0.16%
223	CONSTELLATION BRANDS INC CL A	STZ	306,900	$42.3M	0.16%
224	INTUITIVE SURGICAL INC COM NEW	ISRG	74,600	$42.3M	0.16%
225	KRAFT HEINZ CO COM	KHC	1,741,200	$42.2M	0.16%
226	GE AEROSPACE COM NEW	369604301	137,000	$42.2M	0.16%
227	COREWEAVE INC COM CL A	CRWV	588,800	$42.2M	0.16%
228	ASML HOLDING N V N Y REGISTRY SHS	ASMLF	39,300	$42.0M	0.16%
229	STRYKER CORPORATION COM	SYK	119,584	$42.0M	0.16%
230	NIKE INC CL B	NKE	655,900	$41.8M	0.16%
231	ACCENTURE PLC IRELAND SHS CLASS A	ACN	155,500	$41.7M	0.16%
232	INTUITIVE SURGICAL INC COM NEW	ISRG	73,451	$41.6M	0.16%
233	BARRICK MNG CORP COM SHS	06849F108	955,200	$41.6M	0.16%
234	BANK AMERICA CORP COM	060505104	755,200	$41.5M	0.16%
235	SELECT SECTOR SPDR TR STATE STREET CON	81369Y407	344,700	$41.2M	0.16%
236	MCDONALDS CORP COM	MCD	134,300	$41.0M	0.16%
237	MERCK & CO INC COM	MRK	387,600	$40.8M	0.15%
238	INTERCONTINENTAL EXCHANGE IN COM	45866F104	251,351	$40.7M	0.15%
239	IREN LIMITED ORDINARY SHARES	IREN	1,074,600	$40.6M	0.15%
240	ROCKET COS INC COM CL A	77311W101	2,078,605	$40.2M	0.15%
241	CHARTER COMMUNICATIONS INC N CL A	16119P108	192,500	$40.2M	0.15%
242	AMPHENOL CORP NEW CL A	032095101	296,300	$40.0M	0.15%
243	SELECT SECTOR SPDR TR STATE STREET FIN	81369Y605	729,790	$40.0M	0.15%
244	PAYPAL HLDGS INC COM	PYPL	681,409	$39.8M	0.15%
245	WELLS FARGO CO NEW COM	949746101	425,900	$39.7M	0.15%
246	OCCIDENTAL PETE CORP COM	674599105	965,300	$39.7M	0.15%
247	PROCTER AND GAMBLE CO COM	742718109	276,900	$39.7M	0.15%
248	CAPITAL ONE FINL CORP COM	14040H105	163,100	$39.5M	0.15%
249	GENERAL MLS INC COM	370334104	846,700	$39.4M	0.15%
250	MORGAN STANLEY COM NEW	MS-PQ	221,400	$39.3M	0.15%
251	BOSTON SCIENTIFIC CORP COM	BSX	411,900	$39.3M	0.15%
252	EXXON MOBIL CORP COM	XOM	325,500	$39.2M	0.15%
253	REDDIT INC CL A	RDDT	170,300	$39.1M	0.15%
254	DECKERS OUTDOOR CORP COM	DECK	377,400	$39.1M	0.15%
255	WESTERN DIGITAL CORP COM	WDC	227,097	$39.1M	0.15%
256	PROGRESSIVE CORP COM	743315103	171,250	$39.0M	0.15%
257	WALMART INC COM	WMT	348,600	$38.8M	0.15%
258	AMAZON COM INC COM	AMZN	167,900	$38.8M	0.15%
259	STARBUCKS CORP COM	SBUX	460,200	$38.8M	0.15%
260	DEVON ENERGY CORP NEW COM	25179M103	1,057,596	$38.7M	0.15%
261	SNAP INC CL A	SNAP	4,790,015	$38.7M	0.15%
262	EATON CORP PLC SHS	ETN	121,186	$38.6M	0.15%
263	SELECT SECTOR SPDR TR STATE STREET CON	81369Y308	496,700	$38.6M	0.15%
264	CIRCLE INTERNET GROUP INC COM CL A	CRCL	485,500	$38.5M	0.15%
265	OTIS WORLDWIDE CORP COM	OTIS	440,248	$38.5M	0.15%
266	ALTRIA GROUP INC COM	MO	666,600	$38.4M	0.15%
267	3M CO COM	MMM	237,468	$38.0M	0.14%
268	CAMECO CORP COM	CCJ	414,500	$37.9M	0.14%
269	AMERICAN ELEC PWR CO INC COM	025537101	328,211	$37.8M	0.14%
270	CAMECO CORP COM	CCJ	412,700	$37.8M	0.14%
271	BANK AMERICA CORP COM	060505104	681,800	$37.5M	0.14%
272	REDDIT INC CL A	RDDT	162,900	$37.4M	0.14%
273	CHIPOTLE MEXICAN GRILL INC COM	CMG	1,004,600	$37.2M	0.14%
274	CVS HEALTH CORP COM	CVS	466,900	$37.1M	0.14%
275	CONSTELLATION BRANDS INC CL A	STZ	268,400	$37.0M	0.14%
276	QUALCOMM INC COM	QCOM	215,800	$36.9M	0.14%
277	HUBSPOT INC COM	HUBS	91,580	$36.8M	0.14%
278	SALESFORCE INC COM	CRM	138,600	$36.7M	0.14%
279	ALASKA AIR GROUP INC COM	ALK	727,847	$36.6M	0.14%
280	LOCKHEED MARTIN CORP COM	LMT	75,500	$36.5M	0.14%
281	NEBIUS GROUP N.V. SHS CLASS A	NBIS	436,000	$36.5M	0.14%
282	SUPER MICRO COMPUTER INC COM NEW	SMCI	1,244,800	$36.4M	0.14%
283	FIRST SOLAR INC COM	FSLR	138,900	$36.3M	0.14%
284	MARVELL TECHNOLOGY INC COM	MRVL	426,100	$36.2M	0.14%
285	DELL TECHNOLOGIES INC CL C	DELL	287,600	$36.2M	0.14%
286	MP MATERIALS CORP COM CL A	MP	714,530	$36.1M	0.14%
287	D R HORTON INC COM	23331A109	248,100	$35.7M	0.14%
288	SPDR SERIES TRUST STATE STREET SPD	78464A698	550,905	$35.7M	0.14%
289	TWILIO INC CL A	TWLO	249,600	$35.5M	0.13%
290	CONSOLIDATED EDISON INC COM	ED	356,823	$35.4M	0.13%
291	BLOOM ENERGY CORP COM CL A	BE	401,600	$34.9M	0.13%
292	SELECT SECTOR SPDR TR STATE STREET UTI	81369Y886	815,245	$34.8M	0.13%
293	COMCAST CORP NEW CL A	CCZ	1,159,400	$34.7M	0.13%
294	THE TRADE DESK INC COM CL A	88339J105	910,550	$34.6M	0.13%
295	MASTERCARD INCORPORATED CL A	MA	60,500	$34.5M	0.13%
296	VERISK ANALYTICS INC COM	VRSK	154,285	$34.5M	0.13%
297	ISHARES TR CHINA LG-CAP ETF	464287184	897,600	$34.4M	0.13%
298	ROPER TECHNOLOGIES INC COM	ROP	76,690	$34.1M	0.13%
299	ABERCROMBIE & FITCH CO CL A	ANF	270,658	$34.1M	0.13%
300	MARVELL TECHNOLOGY INC COM	MRVL	394,200	$33.5M	0.13%
301	TARGET CORP COM	TGT	342,030	$33.4M	0.13%
302	IONQ INC COM	IONQ-WT	741,600	$33.3M	0.13%
303	HUMANA INC COM	HUM	127,996	$32.8M	0.12%
304	CISCO SYS INC COM	CSCO	425,000	$32.7M	0.12%
305	RIGETTI COMPUTING INC COMMON STOCK	RGTIW	1,472,200	$32.6M	0.12%
306	ROCKET LAB CORP COM	RKLB	466,223	$32.5M	0.12%
307	CATERPILLAR INC COM	CAT	56,205	$32.2M	0.12%
308	INTUIT COM	INTU	48,600	$32.2M	0.12%
309	ENPHASE ENERGY INC COM	ENPH	1,001,500	$32.1M	0.12%
310	TARGET CORP COM	TGT	325,900	$31.9M	0.12%
311	AMGEN INC COM	AMGN	97,100	$31.8M	0.12%
312	DISNEY WALT CO COM	254687106	278,700	$31.7M	0.12%
313	PALO ALTO NETWORKS INC COM	PANW	170,800	$31.5M	0.12%
314	TARGET CORP COM	TGT	319,200	$31.2M	0.12%
315	PALO ALTO NETWORKS INC COM	PANW	168,600	$31.1M	0.12%
316	CHIPOTLE MEXICAN GRILL INC COM	CMG	838,215	$31.0M	0.12%
317	UBER TECHNOLOGIES INC COM	UBER	376,200	$30.7M	0.12%
318	CVS HEALTH CORP COM	CVS	385,700	$30.6M	0.12%
319	IDEXX LABS INC COM	45168D104	45,221	$30.6M	0.12%
320	RIO TINTO PLC SPONSORED ADR	RTNTF	380,531	$30.5M	0.12%
321	COLGATE PALMOLIVE CO COM	CL	384,500	$30.4M	0.11%
322	PEPSICO INC COM	PEP	211,400	$30.3M	0.11%
323	EOG RES INC COM	EOG	287,400	$30.2M	0.11%
324	CHEVRON CORP NEW COM	CVX	198,000	$30.2M	0.11%
325	CELESTICA INC COM	CLS	102,000	$30.2M	0.11%
326	DOW INC COM	DOW	1,283,300	$30.0M	0.11%
327	DOW INC COM	DOW	1,270,200	$29.7M	0.11%
328	PFIZER INC COM	PFE	1,191,300	$29.7M	0.11%
329	AMGEN INC COM	AMGN	90,600	$29.7M	0.11%
330	IONQ INC COM	IONQ-WT	658,300	$29.5M	0.11%
331	SLB LIMITED COM STK	SLB	767,400	$29.5M	0.11%
332	FORD MTR CO COM	345370860	2,244,300	$29.4M	0.11%
333	ON SEMICONDUCTOR CORP COM	ON	542,881	$29.4M	0.11%
334	VERIZON COMMUNICATIONS INC COM	VZ	721,500	$29.4M	0.11%
335	UPSTART HLDGS INC COM	UPST	671,345	$29.4M	0.11%
336	ASML HOLDING N V N Y REGISTRY SHS	ASMLF	27,291	$29.2M	0.11%
337	HOME DEPOT INC COM	HD	84,500	$29.1M	0.11%
338	ROBLOX CORP CL A	RBLX	358,300	$29.0M	0.11%
339	SEA LTD SPONSORD ADS	SE	225,500	$28.8M	0.11%
340	SOUTHERN CO COM	SOMN	329,431	$28.7M	0.11%
341	EXELIXIS INC COM	EXEL	654,892	$28.7M	0.11%
342	THERMO FISHER SCIENTIFIC INC COM	TMO	49,300	$28.6M	0.11%
343	UNITED AIRLS HLDGS INC COM	UNTCW	254,900	$28.5M	0.11%
344	INTUITIVE SURGICAL INC COM NEW	ISRG	50,300	$28.5M	0.11%
345	CORNING INC COM	GLW	323,344	$28.3M	0.11%
346	SPDR SERIES TRUST STATE STREET SPD	78464A870	229,100	$27.9M	0.11%
347	ISHARES TR MSCI EMG MKT ETF	464287234	510,300	$27.9M	0.11%
348	BRITISH AMERN TOB PLC SPONSORED ADR	110448107	490,900	$27.8M	0.11%
349	OKLO INC COM CL A	OKLO	386,000	$27.7M	0.10%
350	MODERNA INC COM	MRNA	937,080	$27.6M	0.10%
351	NOVO-NORDISK A S ADR	NONOF	541,900	$27.6M	0.10%
352	AMERICAN AIRLS GROUP INC COM	02376R102	1,795,100	$27.5M	0.10%
353	SELECT SECTOR SPDR TR STATE STREET FIN	81369Y605	502,200	$27.5M	0.10%
354	BLOOM ENERGY CORP COM CL A	BE	316,400	$27.5M	0.10%
355	LUMENTUM HLDGS INC COM	LITE	74,500	$27.5M	0.10%
356	COHERENT CORP COM	COHR	148,503	$27.4M	0.10%
357	MASTERCARD INCORPORATED CL A	MA	47,901	$27.3M	0.10%
358	AGNICO EAGLE MINES LTD COM	AEM	161,300	$27.3M	0.10%
359	GILEAD SCIENCES INC COM	GILD	222,200	$27.3M	0.10%
360	VALERO ENERGY CORP COM	VLO	167,456	$27.3M	0.10%
361	CARVANA CO CL A	CVNA	64,400	$27.2M	0.10%
362	ON HLDG AG NAMEN AKT A	H5919C104	583,259	$27.1M	0.10%
363	SPDR SERIES TRUST STATE STREET SPD	78468R556	214,500	$27.1M	0.10%
364	CIRCLE INTERNET GROUP INC COM CL A	CRCL	340,900	$27.0M	0.10%
365	NUSCALE PWR CORP CL A COM	NU	1,897,735	$26.9M	0.10%
366	TRANSDIGM GROUP INC COM	TDG	20,189	$26.8M	0.10%
367	ISHARES TR MSCI EMG MKT ETF	464287234	489,600	$26.8M	0.10%
368	CONSTELLATION ENERGY CORP COM	CEG	75,800	$26.8M	0.10%
369	METLIFE INC COM	MET-PF	339,198	$26.8M	0.10%
370	TE CONNECTIVITY PLC ORD SHS	TEL	117,336	$26.7M	0.10%
371	PHILIP MORRIS INTL INC COM	718172109	165,600	$26.6M	0.10%
372	NUSCALE PWR CORP CL A COM	NU	1,866,900	$26.5M	0.10%
373	FACTSET RESH SYS INC COM	303075105	91,079	$26.4M	0.10%
374	BARRICK MNG CORP COM SHS	06849F108	606,200	$26.4M	0.10%
375	QUALCOMM INC COM	QCOM	154,300	$26.4M	0.10%
376	ROKU INC COM CL A	ROKU	243,047	$26.4M	0.10%
377	VISTRA CORP COM	VST	162,800	$26.3M	0.10%
378	NRG ENERGY INC COM NEW	NRG	164,746	$26.2M	0.10%
379	3M CO COM	MMM	163,800	$26.2M	0.10%
380	US BANCORP DEL COM NEW	USB-PS	489,500	$26.1M	0.10%
381	BARRICK MNG CORP COM SHS	06849F108	599,674	$26.1M	0.10%
382	KRANESHARES TRUST CSI CHI INTERNET	500767306	766,300	$26.1M	0.10%
383	UNION PAC CORP COM	UNP	112,700	$26.1M	0.10%
384	CELSIUS HLDGS INC COM NEW	CELH	569,500	$26.0M	0.10%
385	BLOCK INC CL A	BSQKZ	399,500	$26.0M	0.10%
386	ISHARES INC MSCI GERMANY ETF	464286806	611,700	$26.0M	0.10%
387	CHENIERE ENERGY INC COM NEW	LNG	133,647	$26.0M	0.10%
388	ATLASSIAN CORPORATION CL A	TEAM	160,100	$26.0M	0.10%
389	MERCK & CO INC COM	MRK	245,300	$25.8M	0.10%
390	AFLAC INC COM	AFL	234,085	$25.8M	0.10%
391	ONEOK INC NEW COM	OKE	350,800	$25.8M	0.10%
392	DECKERS OUTDOOR CORP COM	DECK	245,800	$25.5M	0.10%
393	CONSTELLATION ENERGY CORP COM	CEG	72,100	$25.5M	0.10%
394	FREEPORT-MCMORAN INC CL B	FCX	499,783	$25.4M	0.10%
395	VISTRA CORP COM	VST	156,735	$25.3M	0.10%
396	WORKDAY INC CL A	WDAY	117,541	$25.2M	0.10%
397	DELL TECHNOLOGIES INC CL C	DELL	200,200	$25.2M	0.10%
398	BRISTOL-MYERS SQUIBB CO COM	CELG-RI	461,000	$24.9M	0.09%
399	ETSY INC COM	ETSY	447,601	$24.8M	0.09%
400	CIENA CORP COM NEW	CIEN	105,918	$24.8M	0.09%
401	FOX CORP CL A COM	FOX	338,499	$24.7M	0.09%
402	HOWMET AEROSPACE INC COM	HWM	120,459	$24.7M	0.09%
403	BP PLC SPONSORED ADR	BPPFF	710,503	$24.7M	0.09%
404	ROYAL CARIBBEAN GROUP COM	V7780T103	87,900	$24.5M	0.09%
405	DRAFTKINGS INC NEW COM CL A	DKNG	711,100	$24.5M	0.09%
406	LENNAR CORP CL A	LEN-B	238,136	$24.5M	0.09%
407	MARSH & MCLENNAN COS INC COM	571748102	131,888	$24.5M	0.09%
408	NOVARTIS AG SPONSORED ADR	NVSEF	177,400	$24.5M	0.09%
409	MICROCHIP TECHNOLOGY INC. COM	MCHPP	383,700	$24.4M	0.09%
410	ISHARES INC MSCI BRAZIL ETF	464286400	768,300	$24.4M	0.09%
411	ROBLOX CORP CL A	RBLX	301,000	$24.4M	0.09%
412	MICROCHIP TECHNOLOGY INC. COM	MCHPP	379,300	$24.2M	0.09%
413	ROBLOX CORP CL A	RBLX	297,976	$24.1M	0.09%
414	ROBINHOOD MKTS INC COM CL A	770700102	212,820	$24.1M	0.09%
415	JEFFERIES FINL GROUP INC COM	47233W109	388,042	$24.0M	0.09%
416	KRAFT HEINZ CO COM	KHC	987,300	$23.9M	0.09%
417	PAN AMERN SILVER CORP COM	697900108	462,000	$23.9M	0.09%
418	EXXON MOBIL CORP COM	XOM	197,900	$23.8M	0.09%
419	INTERACTIVE BROKERS GROUP IN COM CL A	45841N107	369,900	$23.8M	0.09%
420	ALIGN TECHNOLOGY INC COM	ALGN	151,895	$23.7M	0.09%
421	TJX COS INC NEW COM	872540109	154,400	$23.7M	0.09%
422	ISHARES TR US HOME CONS ETF	464288752	245,400	$23.6M	0.09%
423	LINDE PLC SHS	LIN	55,300	$23.6M	0.09%
424	MORGAN STANLEY COM NEW	MS-PQ	132,300	$23.5M	0.09%
425	LOWES COS INC COM	548661107	97,200	$23.4M	0.09%
426	SLB LIMITED COM STK	SLB	606,300	$23.3M	0.09%
427	AIRBNB INC COM CL A	ABNB	171,400	$23.3M	0.09%
428	AFFIRM HLDGS INC COM CL A	AFRM	311,780	$23.2M	0.09%
429	INTERACTIVE BROKERS GROUP IN COM CL A	45841N107	360,400	$23.2M	0.09%
430	QUANTUM COMPUTING INC COM	QUBT	2,253,241	$23.1M	0.09%
431	VALE S A SPONSORED ADS	VALE	1,754,916	$22.9M	0.09%
432	APOLLO GLOBAL MGMT INC COM	03769M106	157,900	$22.9M	0.09%
433	CENTENE CORP DEL COM	CNC	555,300	$22.9M	0.09%
434	SOUTHWEST AIRLS CO COM	844741108	552,700	$22.8M	0.09%
435	TEXAS INSTRS INC COM	882508104	131,600	$22.8M	0.09%
436	MONGODB INC CL A	MDB	54,400	$22.8M	0.09%
437	TEMPUS AI INC CL A	TEM	386,595	$22.8M	0.09%
438	PEABODY ENERGY CORP COM	BTU	763,700	$22.7M	0.09%
439	EATON CORP PLC SHS	ETN	71,200	$22.7M	0.09%
440	SOUNDHOUND AI INC CLASS A COM	SOUNW	2,269,700	$22.6M	0.09%
441	ISHARES TR ISHARES BIOTECH	464287556	133,901	$22.6M	0.09%
442	KEYSIGHT TECHNOLOGIES INC COM	KEYS	111,163	$22.6M	0.09%
443	CF INDS HLDGS INC COM	125269100	291,459	$22.5M	0.09%
444	TAPESTRY INC COM	TPR	176,300	$22.5M	0.09%
445	ASTERA LABS INC COM	ALAB	135,400	$22.5M	0.09%
446	CLOROX CO DEL COM	CLX	222,500	$22.4M	0.08%
447	QUALCOMM INC COM	QCOM	131,125	$22.4M	0.08%
448	EQT CORP COM	EQT	418,300	$22.4M	0.08%
449	MODERNA INC COM	MRNA	759,600	$22.4M	0.08%
450	SPDR SERIES TRUST STATE STREET SPD	78468R556	176,800	$22.3M	0.08%
451	DOCUSIGN INC COM	DOCU	325,720	$22.3M	0.08%
452	DEXCOM INC COM	DXCM	335,284	$22.3M	0.08%
453	AMERICAN TOWER CORP NEW COM	03027X100	126,200	$22.2M	0.08%
454	DBX ETF TR XTRACK HRVST CSI	233051879	670,600	$22.0M	0.08%
455	PAYPAL HLDGS INC COM	PYPL	376,100	$22.0M	0.08%
456	HIMS & HERS HEALTH INC COM CL A	HIMS	676,100	$22.0M	0.08%
457	CARPENTER TECHNOLOGY CORP COM	CRS	69,299	$21.8M	0.08%
458	CME GROUP INC COM	CME	79,668	$21.8M	0.08%
459	DECKERS OUTDOOR CORP COM	DECK	209,414	$21.7M	0.08%
460	DEVON ENERGY CORP NEW COM	25179M103	590,900	$21.6M	0.08%
461	ISHARES INC MSCI BRAZIL ETF	464286400	679,231	$21.6M	0.08%
462	ASTERA LABS INC COM	ALAB	129,700	$21.6M	0.08%
463	FISERV INC COM	FISV	320,300	$21.5M	0.08%
464	CARNIVAL CORP UNIT 99/99/9999	CUKPF	704,200	$21.5M	0.08%
465	UNITED PARCEL SERVICE INC CL B	UPS	216,700	$21.5M	0.08%
466	COLGATE PALMOLIVE CO COM	CL	272,000	$21.5M	0.08%
467	AST SPACEMOBILE INC COM CL A	ASTS	293,200	$21.3M	0.08%
468	DUOLINGO INC CL A COM	DUOL	121,002	$21.2M	0.08%
469	ALTRIA GROUP INC COM	MO	367,400	$21.2M	0.08%
470	OKLO INC COM CL A	OKLO	293,900	$21.1M	0.08%
471	ELEVANCE HEALTH INC FORMERLY COM	ELV	59,800	$21.0M	0.08%
472	HSBC HLDGS PLC SPON ADR NEW	HBCYF	265,463	$20.9M	0.08%
473	GUIDEWIRE SOFTWARE INC COM	GWRE	103,863	$20.9M	0.08%
474	ISHARES INC MSCI STH KOR ETF	464286772	214,700	$20.9M	0.08%
475	BLACKSTONE INC COM	BX	135,200	$20.8M	0.08%
476	SELECT SECTOR SPDR TR STATE STREET ENE	81369Y506	465,500	$20.8M	0.08%
477	THERMO FISHER SCIENTIFIC INC COM	TMO	35,900	$20.8M	0.08%
478	CAVA GROUP INC COM	CAVA	354,000	$20.8M	0.08%
479	CARMAX INC COM	KMX	537,353	$20.8M	0.08%
480	AIRBNB INC COM CL A	ABNB	152,500	$20.7M	0.08%
481	COCA COLA CO COM	KO	294,900	$20.6M	0.08%
482	WHIRLPOOL CORP COM	WHR-PA	285,500	$20.6M	0.08%
483	CONAGRA BRANDS INC COM	CAG	1,189,300	$20.6M	0.08%
484	WORKDAY INC CL A	WDAY	95,800	$20.6M	0.08%
485	DOLLAR TREE INC COM	DLTR	166,200	$20.4M	0.08%
486	NEWS CORP NEW CL A	NWSLL	782,619	$20.4M	0.08%
487	NEXTERA ENERGY INC COM	NEE-PW	254,300	$20.4M	0.08%
488	AGNICO EAGLE MINES LTD COM	AEM	120,300	$20.4M	0.08%
489	RIGETTI COMPUTING INC COMMON STOCK	RGTIW	919,800	$20.4M	0.08%
490	MEDPACE HLDGS INC COM	MEDP	36,258	$20.4M	0.08%
491	MORGAN STANLEY COM NEW	MS-PQ	114,545	$20.3M	0.08%
492	NOVARTIS AG SPONSORED ADR	NVSEF	145,700	$20.1M	0.08%
493	ASML HOLDING N V N Y REGISTRY SHS	ASMLF	18,700	$20.0M	0.08%
494	AFFIRM HLDGS INC COM CL A	AFRM	268,200	$20.0M	0.08%
495	TERADYNE INC COM	TER	102,669	$19.9M	0.08%
496	ATLASSIAN CORPORATION CL A	TEAM	122,500	$19.9M	0.08%
497	UNITY SOFTWARE INC COM	U	447,600	$19.8M	0.07%
498	BLOCK INC CL A	BSQKZ	302,700	$19.7M	0.07%
499	KKR & CO INC COM	KKRT	153,900	$19.6M	0.07%
500	NEBIUS GROUP N.V. SHS CLASS A	NBIS	234,300	$19.6M	0.07%