Q4 2025 · 13F-HR
Rokos Capital Management LLPholdings as filed
Filed 2026-02-13 · accession 0001666335-26-000002
$25.66B
Reported value
151
Positions
2025-12-31
Period end
The Brief · Rokos Capital Management LLP · Q4 2025
AI · grounded in 13F
Rokos Capital Management LLP closed its position in SPY, reducing its holdings by $666.1M. The fund established new positions in XLF and XLV, adding $257.4M and $256.6M respectively. Additionally, the fund increased its stake in AMD by 341.5% while trimming holdings in MSFT by 64% and NVDA by 54.7%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46090E103 | QQQ | INVESCO QQQ TR | $9.30B | 36.2% | 15,135,000 | PUT | SHARED |
| 46090E103 | QQQ | INVESCO QQQ TR | $3.84B | 15.0% | 6,255,000 | CALL | SHARED |
| 02079K305 | GOOGL | ALPHABET INC | $1.28B | 5.00% | 4,098,395 | Common | SHARED |
| 67066G104 | NVDA | NVIDIA CORPORATION | $738.2M | 2.88% | 3,957,400 | CALL | SHARED |
| 464286400 | EWZ | ISHARES INC | $683.2M | 2.66% | 21,500,000 | CALL | SHARED |
| 02079K305 | GOOGL | ALPHABET INC | $626.0M | 2.44% | 2,000,000 | PUT | SHARED |
| 46090E103 | QQQ | INVESCO QQQ TR | $418.9M | 1.63% | 682,056 | Common | SHARED |
| 68389X105 | ORCL | ORACLE CORP | $401.0M | 1.56% | 2,056,800 | CALL | SHARED |
| 11135F101 | AVGO | BROADCOM INC | $394.5M | 1.54% | 1,139,796 | Common | SHARED |
| 023135106 | AMZN | AMAZON COM INC | $329.4M | 1.28% | 1,426,909 | Common | SHARED |
| 68389X105 | ORCL | ORACLE CORP | $323.0M | 1.26% | 1,656,800 | PUT | SHARED |
| 594918104 | MSFT | MICROSOFT CORP | $285.4M | 1.11% | 590,275 | Common | SHARED |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $257.4M | 1.00% | 4,700,000 | CALL | SHARED |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $256.6M | 1.00% | 1,657,495 | Common | SHARED |
| 464287655 | IWM | ISHARES TR | $246.1M | 0.96% | 1,000,000 | CALL | SHARED |
| 78464A870 | XBI | SPDR SERIES TRUST | $234.7M | 0.91% | 1,925,000 | CALL | SHARED |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $233.8M | 0.91% | 1,092,000 | CALL | SHARED |
| 464286400 | EWZ | ISHARES INC | $200.7M | 0.78% | 6,316,451 | Common | SHARED |
| 67066G104 | NVDA | NVIDIA CORPORATION | $199.2M | 0.78% | 1,067,897 | Common | SHARED |
| 595112103 | MU | MICRON TECHNOLOGY INC | $196.4M | 0.77% | 688,000 | PUT | SHARED |
| 037833100 | AAPL | APPLE INC | $174.9M | 0.68% | 643,312 | Common | SHARED |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $174.9M | 0.68% | 817,000 | PUT | SHARED |
| 595112103 | MU | MICRON TECHNOLOGY INC | $162.6M | 0.63% | 569,743 | Common | SHARED |
| 67066G104 | NVDA | NVIDIA CORPORATION | $158.5M | 0.62% | 850,000 | PUT | SHARED |
| 30303M102 | META | META PLATFORMS INC | $137.7M | 0.54% | 208,552 | Common | SHARED |
| 172967424 | C | CITIGROUP INC | $123.2M | 0.48% | 1,055,890 | Common | SHARED |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $120.4M | 0.47% | 2,370,000 | CALL | SHARED |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $111.9M | 0.44% | 377,700 | CALL | SHARED |
| 617446448 | MS | MORGAN STANLEY | $111.0M | 0.43% | 624,962 | Common | SHARED |
| 931142103 | WMT | WALMART INC | $103.6M | 0.40% | 930,000 | PUT | SHARED |
| 931142103 | WMT | WALMART INC | $103.6M | 0.40% | 930,000 | CALL | SHARED |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $101.5M | 0.40% | 216,542 | Common | SHARED |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $95.2M | 0.37% | 862,568 | Common | SHARED |
| 26884L109 | EQT | EQT CORP | $93.3M | 0.36% | 1,740,515 | Common | SHARED |
| 038222105 | AMAT | APPLIED MATLS INC | $91.2M | 0.36% | 354,754 | Common | SHARED |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $87.3M | 0.34% | 99,347 | Common | SHARED |
| 15101Q207 | CLS | CELESTICA INC | $84.4M | 0.33% | 285,615 | Common | SHARED |
| 11135F101 | AVGO | BROADCOM INC | $83.1M | 0.32% | 240,000 | CALL | SHARED |
| 166764100 | CVX | CHEVRON CORP NEW | $82.2M | 0.32% | 539,500 | Common | SHARED |
| 69331C108 | PCG | PG&E CORP | $80.6M | 0.31% | 5,005,307 | Common | SHARED |
| 958102105 | WDC | WESTERN DIGITAL CORP | $78.4M | 0.31% | 455,000 | CALL | SHARED |
| G7997R103 | STX | SEAGATE TECHNOLOGY HLDNGS PL | $77.1M | 0.30% | 279,895 | Common | SHARED |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $73.9M | 0.29% | 200,624 | Common | SHARED |
| 92840M102 | VST | VISTRA CORP | $71.3M | 0.28% | 441,944 | Common | SHARED |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $71.1M | 0.28% | 1,590,000 | CALL | SHARED |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $71.1M | 0.28% | 1,590,000 | PUT | SHARED |
| 19247G107 | COHR | COHERENT CORP | $67.9M | 0.26% | 368,038 | Common | SHARED |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $64.9M | 0.25% | 442,758 | Common | SHARED |
| 36828A101 | GEV | GE VERNOVA INC | $59.6M | 0.23% | 91,171 | Common | SHARED |
| H2927K103 | AMRZ | AMRIZE LTD | $58.5M | 0.23% | 1,082,175 | Common | SHARED |
| 632307104 | NTRA | NATERA INC | $55.6M | 0.22% | 242,902 | Common | SHARED |
| 60937P106 | MDB | MONGODB INC | $55.1M | 0.21% | 131,234 | Common | SHARED |
| 23804L103 | DDOG | DATADOG INC | $53.3M | 0.21% | 391,875 | Common | SHARED |
| 11135F101 | AVGO | BROADCOM INC | $51.9M | 0.20% | 150,000 | PUT | SHARED |
| 21873S108 | CRWV | COREWEAVE INC | $51.5M | 0.20% | 720,000 | CALL | SHARED |
| 171779309 | CIEN | CIENA CORP | $49.2M | 0.19% | 210,676 | Common | SHARED |
| 097023105 | BA | BOEING CO | $49.2M | 0.19% | 226,654 | Common | SHARED |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $47.7M | 0.19% | 222,877 | Common | SHARED |
| 595112103 | MU | MICRON TECHNOLOGY INC | $46.5M | 0.18% | 163,000 | CALL | SHARED |
| 04626A103 | ALAB | ASTERA LABS INC | $45.5M | 0.18% | 273,694 | Common | SHARED |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $44.0M | 0.17% | 305,631 | Common | SHARED |
| 58733R102 | MELI | MERCADOLIBRE INC | $43.7M | 0.17% | 21,684 | Common | SHARED |
| 594918104 | MSFT | MICROSOFT CORP | $42.2M | 0.16% | 87,300 | CALL | SHARED |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $41.6M | 0.16% | 186,781 | Common | SHARED |
| 20030N101 | CMCSA | COMCAST CORP NEW | $38.9M | 0.15% | 1,300,000 | Common | SHARED |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $38.3M | 0.15% | 1,033,779 | Common | SHARED |
| 278768106 | SATS | ECHOSTAR CORP | $37.7M | 0.15% | 347,097 | Common | SHARED |
| 594918104 | MSFT | MICROSOFT CORP | $37.6M | 0.15% | 77,800 | PUT | SHARED |
| 040413205 | ANET | ARISTA NETWORKS INC | $37.5M | 0.15% | 286,505 | Common | SHARED |
| 219350105 | GLW | CORNING INC | $36.8M | 0.14% | 419,790 | Common | SHARED |
| 458140100 | INTC | INTEL CORP | $36.0M | 0.14% | 975,372 | Common | SHARED |
| 060505104 | BAC | BANK AMERICA CORP | $35.0M | 0.14% | 636,900 | CALL | SHARED |
| 237266101 | DAR | DARLING INGREDIENTS INC | $34.5M | 0.13% | 959,365 | Common | SHARED |
| 032095101 | APH | AMPHENOL CORP NEW | $34.2M | 0.13% | 252,952 | Common | SHARED |
| 81369Y308 | XLP | SELECT SECTOR SPDR TR | $33.9M | 0.13% | 436,328 | Common | SHARED |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $33.7M | 0.13% | 396,737 | Common | SHARED |
| 98980G102 | ZS | ZSCALER INC | $33.1M | 0.13% | 147,317 | Common | SHARED |
| 278768106 | SATS | ECHOSTAR CORP | $32.6M | 0.13% | 300,000 | CALL | SHARED |
| 76954AAB9 | RIVN 4.625 03/15/29 | RIVIAN AUTOMOTIVE INC | $31.3M | 0.12% | 25,000 | Common | SHARED |
| 78464A714 | XRT | SPDR SERIES TRUST | $31.3M | 0.12% | 366,470 | Common | SHARED |
| 670346105 | NUE | NUCOR CORP | $29.8M | 0.12% | 182,515 | Common | SHARED |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $29.7M | 0.12% | 574,217 | Common | SHARED |
| 060505104 | BAC | BANK AMERICA CORP | $29.1M | 0.11% | 528,900 | PUT | SHARED |
| 89346D107 | TAC | TRANSALTA CORP | $29.0M | 0.11% | 2,293,069 | Common | SHARED |
| 553368101 | MP | MP MATERIALS CORP | $27.8M | 0.11% | 550,206 | Common | SHARED |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $27.3M | 0.11% | 94,493 | Common | SHARED |
| 349915AE8 | FVICN 3.75 06/30/29 | FORTUNA MNG CORP | $25.8M | 0.10% | 15,000 | Common | SHARED |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $25.5M | 0.10% | 43,891 | Common | SHARED |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $25.5M | 0.10% | 29,000 | CALL | SHARED |
| 235851102 | DHR | DANAHER CORPORATION | $24.1M | 0.09% | 105,433 | Common | SHARED |
| M87915274 | TSEM | TOWER SEMICONDUCTOR LTD | $24.0M | 0.09% | 204,365 | Common | SHARED |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $21.8M | 0.08% | 529,699 | Common | SHARED |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $21.3M | 0.08% | 500,000 | CALL | SHARED |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $21.3M | 0.08% | 500,000 | PUT | SHARED |
| 87422Q109 | TLN | TALEN ENERGY CORP | $21.0M | 0.08% | 56,052 | Common | SHARED |
| 86384P109 | STUB | STUBHUB HLDGS INC | $20.7M | 0.08% | 1,526,531 | Common | SHARED |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $20.5M | 0.08% | 851,510 | Common | SHARED |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $19.5M | 0.08% | 166,319 | Common | SHARED |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $18.9M | 0.07% | 222,200 | CALL | SHARED |
| 80004C200 | SNDK | SANDISK CORP | $18.8M | 0.07% | 79,398 | Common | SHARED |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $18.8M | 0.07% | 370,000 | PUT | SHARED |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $18.5M | 0.07% | 31,997 | Common | SHARED |
| 09260D107 | BX | BLACKSTONE INC | $18.5M | 0.07% | 120,000 | CALL | SHARED |
| 422704106 | HL | HECLA MNG CO | $18.3M | 0.07% | 951,232 | Common | SHARED |
| G7997R103 | STX | SEAGATE TECHNOLOGY HLDNGS PL | $18.1M | 0.07% | 65,600 | PUT | SHARED |
| 512807306 | LRCX | LAM RESEARCH CORP | $17.9M | 0.07% | 104,600 | CALL | SHARED |
| 21873S108 | CRWV | COREWEAVE INC | $16.9M | 0.07% | 235,468 | Common | SHARED |
| 79466L302 | CRM | SALESFORCE INC | $16.5M | 0.06% | 62,400 | PUT | SHARED |
| 79466L302 | CRM | SALESFORCE INC | $16.5M | 0.06% | 62,400 | Common | SHARED |
| 192108504 | CDE | COEUR MNG INC | $16.2M | 0.06% | 912,061 | Common | SHARED |
| 00724F101 | ADBE | ADOBE INC | $15.7M | 0.06% | 45,000 | PUT | SHARED |
| 69331CAL2 | PCG 4.25 12/01/27 | PG&E CORP | $15.4M | 0.06% | 15,000 | Common | SHARED |
| 617446448 | MS | MORGAN STANLEY | $14.8M | 0.06% | 83,600 | CALL | SHARED |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $14.5M | 0.06% | 59,676 | Common | SHARED |
| 32076V103 | AG | FIRST MAJESTIC SILVER CORP | $14.4M | 0.06% | 867,052 | Common | SHARED |
| 958102105 | WDC | WESTERN DIGITAL CORP | $13.8M | 0.05% | 80,000 | PUT | SHARED |
| 512807306 | LRCX | LAM RESEARCH CORP | $13.4M | 0.05% | 78,481 | Common | SHARED |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $13.2M | 0.05% | 155,000 | PUT | SHARED |
| 038222105 | AMAT | APPLIED MATLS INC | $12.4M | 0.05% | 48,100 | CALL | SHARED |
| 75513E101 | RTX | RTX CORPORATION | $11.3M | 0.04% | 61,500 | CALL | SHARED |
| 025816109 | AXP | AMERICAN EXPRESS CO | $10.5M | 0.04% | 28,500 | CALL | SHARED |
| 025816109 | AXP | AMERICAN EXPRESS CO | $10.5M | 0.04% | 28,500 | PUT | SHARED |
| 149123101 | CAT | CATERPILLAR INC | $10.5M | 0.04% | 18,400 | CALL | SHARED |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $10.3M | 0.04% | 110,900 | PUT | SHARED |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $10.3M | 0.04% | 110,900 | CALL | SHARED |
| 78464A870 | XBI | SPDR SERIES TRUST | $10.0M | 0.04% | 81,960 | Common | SHARED |
| 532457108 | LLY | ELI LILLY & CO | $9.6M | 0.04% | 8,950 | Common | SHARED |
| 594972AN1 | MSTR 2.25 06/15/32 | STRATEGY INC | $9.6M | 0.04% | 8,500 | Common | SHARED |
| 00724F101 | ADBE | ADOBE INC | $9.4M | 0.04% | 26,898 | Common | SHARED |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $9.0M | 0.04% | 96,441 | Common | SHARED |
| 023135106 | AMZN | AMAZON COM INC | $8.9M | 0.03% | 38,500 | CALL | SHARED |
| 031652100 | AMKR | AMKOR TECHNOLOGY INC | $8.9M | 0.03% | 224,972 | Common | SHARED |
| 30303M102 | META | META PLATFORMS INC | $8.3M | 0.03% | 12,500 | PUT | SHARED |
| 617446448 | MS | MORGAN STANLEY | $8.0M | 0.03% | 45,300 | PUT | SHARED |
| 880770102 | TER | TERADYNE INC | $7.7M | 0.03% | 39,902 | Common | SHARED |
| 237194105 | DRI | DARDEN RESTAURANTS INC | $6.9M | 0.03% | 37,616 | Common | SHARED |
| 594972AL5 | MSTR 0.875 03/15/31 | STRATEGY INC | $6.7M | 0.03% | 6,500 | Common | SHARED |
| 30303M102 | META | META PLATFORMS INC | $6.6M | 0.03% | 10,000 | CALL | SHARED |
| 478160104 | JNJ | JOHNSON & JOHNSON | $5.6M | 0.02% | 27,167 | Common | SHARED |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $5.1M | 0.02% | 87,700 | CALL | SHARED |
| 81369Y100 | XLB | SELECT SECTOR SPDR TR | $5.0M | 0.02% | 111,335 | Common | SHARED |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $4.8M | 0.02% | 15,000 | PUT | SHARED |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $4.8M | 0.02% | 15,000 | CALL | SHARED |
| 830830105 | SKY | CHAMPION HOMES INC | $3.9M | 0.02% | 46,560 | Common | SHARED |
| G98239109 | XP | XP INC | $3.8M | 0.01% | 231,317 | Common | SHARED |
| 143658300 | CCL1EUR | CARNIVAL CORP | $3.0M | 0.01% | 96,915 | Common | SHARED |
| 882508104 | TXN | TEXAS INSTRS INC | $1.7M | 0.01% | 10,000 | CALL | SHARED |
| 02156K103 | OPTU | OPTIMUM COMMUNICATIONS INC | $1.7M | 0.01% | 1,000,000 | Common | SHARED |
| 023135106 | AMZN | AMAZON COM INC | $1.6M | 0.01% | 7,000 | PUT | SHARED |
| 464286822 | EWW | ISHARES INC | $734,311 | 0.00% | 10,590 | Common | SHARED |
| 464287234 | EEM | ISHARES TR | $384,779 | 0.00% | 7,035 | Common | SHARED |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.