13F filer · CIK 1423053 ↗
Citadel
You are looking at Q2 2025. See the latest, Q2 2026 →
Reported value
$575.96B
+9.2% on the quarter before
Positions
12,296
1,527 new · 3,589 sold out
Top 10
27.1%
of the value
Est. gain
+$3.44B
on stocks held all quarter
Est. return
+5.6%
on those stocks since Q1 2025
Positions as of Jun 30, 2025, from Citadel's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 38% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2025. Striped tiles are options.
Largest buys
Since Q1 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Unitedhealth Group IncCALL~$1.59BAdded · 0.2% → 0.4%+5,089,600 underlying
- Unitedhealth Group IncPUT~$1.49BAdded · 0.1% → 0.3%+4,769,900 underlying
- Eli LillyCALL~$1.41BAdded · 0.3% → 0.5%+1,803,800 underlying
- AlphabetCALL~$1.04BAdded · 0.4% → 0.6%+5,877,100 underlying
- Nvidia~$1.03BAdded · 0.0% → 0.2%+6,513,348 shares
- Microsoft~$928.5MAdded · 0.0% → 0.2%+1,866,625 shares
- NetflixCALL~$884.8MAdded · 0.4% → 0.7%+660,700 underlying
- NetflixPUT~$813.3MAdded · 0.5% → 0.7%+607,300 underlying
- Microstrategy IncCALL~$795.2MAdded · 0.5% → 0.8%+1,967,100 underlying
- Mcdonalds Corp~$762.2MAdded · 0.0% → 0.1%+2,608,742 shares
Largest sells
Since Q1 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SPDR S&P 500 ETF TrPUT~$14.45BCut · 8.2% → 5.8%−23,386,100 underlying
- SPDR S&P 500 ETF TrCALL~$12.26BCut · 6.2% → 4.2%−19,844,700 underlying
- Invesco Qqq TrCALL~$6.14BCut · 3.8% → 3.0%−11,121,800 underlying
- TeslaPUT~$3.12BCut · 2.1% → 1.8%−9,833,100 underlying
- Schwab Charles Corp~$1.78BCut · 0.3% → 0.0%−19,534,868 shares
- MetaPUT~$1.68BCut · 1.2% → 1.1%−2,276,600 underlying
- Ishares TrPUT~$1.58BCut · 1.4% → 1.2%−7,308,700 underlying
- MetaCALL~$1.46BCut · 1.5% → 1.5%−1,975,700 underlying
- NvidiaPUT~$1.28BCut · 1.6% → 1.9%−8,104,100 underlying
- Invesco Qqq Tr~$1.22BCut · 0.2% → 0.0%−2,210,879 shares
Holdings
As of Jun 30, 2025. Changes are in shares against Mar 31, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TrPUTTR UNIT · shares −30% | 5.8% | $33.47B | ||||||||
| SPDR S&P 500 ETF TrCALLTR UNIT · shares −34% | 4.2% | $23.95B | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares +1.1% | 3.5% | $19.88B | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares −26% | 3.0% | $17.29B | ||||||||
| NvidiaCALLCOM · shares −5.8% | 2.2% | $12.95B | ||||||||
| NvidiaPUTCOM · shares −10% | 1.9% | $11.23B | ||||||||
| TeslaCALLCOM · shares −7.1% | 1.9% | $11.03B | ||||||||
| TeslaPUTCOM · shares −23% | 1.8% | $10.52B | ||||||||
| MetaCALLCL A · shares −14% | 1.5% | $8.92B | ||||||||
| Ishares TrPUTRUSSELL 2000 ETF · shares −19% | 1.2% | $6.63B | ||||||||
| MetaPUTCL A · shares −22% | 1.1% | $6.13B | ||||||||
| AppleCALLCOM · shares −6.4% | 1.0% | $5.95B | ||||||||
| MicrosoftCALLCOM · shares −3.9% | 0.93% | $5.37B | ||||||||
| ApplePUTCOM · shares −9.0% | 0.88% | $5.08B | ||||||||
| Ishares TrCALLRUSSELL 2000 ETF · shares +3.2% | 0.86% | $4.96B | ||||||||
| Microstrategy IncCALLCL A NEW · shares +20% | 0.84% | $4.81B | ||||||||
| NetflixPUTCOM · shares +24% | 0.74% | $4.24B | ||||||||
| NetflixCALLCOM · shares +27% | 0.72% | $4.16B | ||||||||
| AmazonCALLCOM · shares −7.7% | 0.69% | $3.98B | ||||||||
| SPDR Gold TrCALLGOLD SHS · shares +13% | 0.67% | $3.85B | ||||||||
| Microstrategy IncPUTCL A NEW · shares −22% | 0.64% | $3.69B | ||||||||
| AlphabetCALLCAP STK CL A · shares +41% | 0.62% | $3.58B | ||||||||
| AmazonPUTCOM · shares −8.8% | 0.62% | $3.57B | ||||||||
| MicrosoftPUTCOM · shares −8.1% | 0.60% | $3.47B | ||||||||
| AMDCALLCOM · shares +11% | 0.59% | $3.40B | ||||||||
| Total · 12,296 positions | 100% | $575.96B |
What made money
From Q1 2025 to Q2 2025: 4,417 stocks held throughout, up $3.44B (+5.6%).
- Lam Research+$156.9M+34%
- Netflix+$134.7M+44%
- Microchip Technology+$109.7M+45%
- Jpmorgan Chase & Co.+$100.6M+18%
- Oracle+$95.6M+56%
- Interactive Brokers Group In−$73.1M−67%
- Celestica Inc1:31 split−$98.6M−94%
- Unitedhealth Group Inc−$134.5M−40%
- Hess Corp−$177.3M−13%
- Oreilly Automotive Inc4:1 split−$245.2M−75%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 32 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Sep 1, 2026 (amended) | $875.01B+41% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $618.47B−7% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $665.87B+1% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $657.15B+14% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $575.96B+9% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $527.32B−9% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $577.87B+11% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $518.30B+5% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $494.03B−5% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $518.50B+4% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $500.32B+7% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $466.50B−4% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $483.74B+6% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $454.69B+6% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $428.09B−2% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $438.75B+13% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $389.71B−20% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $484.45B−1% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $489.37B+2% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 (amended) | $481.37B+8% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $446.72B+10% | SEC ↗ |
| Q1 2021 | May 21, 2021 (amended) | $407.63B+6% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $384.60B+9% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $352.52B+26% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $280.43B+26% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $222.48B−3% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $230.47B+9% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $212.04B−3% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 (amended) | $218.11B+8% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $201.07B+10% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 (amended) | $182.73B−19% | SEC ↗ |
| Q3 2018 | Nov 13, 2018 (amended) | $224.25B+11% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 (amended) | $202.27B+11% | SEC ↗ |
| Q1 2018 | May 14, 2018 (amended) | $181.79B+11% | SEC ↗ |
| Q4 2017 | Feb 9, 2018 | $164.31B+26% | SEC ↗ |
| Q3 2017 | Nov 9, 2017 | $130.27B+10% | SEC ↗ |
| Q2 2017 | Aug 11, 2017 | $118.02B+8% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $109.43B+11% | SEC ↗ |
| Q4 2016 | Feb 10, 2017 | $99.01B−1% | SEC ↗ |
| Q3 2016 | Jan 31, 2017 (amended) | $99.54B+11% | SEC ↗ |
| Q2 2016 | Jan 31, 2017 (amended) | $89.73B+13% | SEC ↗ |
| Q1 2016 | Jan 31, 2017 (amended) | $79.25B | SEC ↗ |