13F filer · CIK 1423053 ↗
Citadel
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$665.87B
+1.3% on the quarter before
Positions
12,508
2,177 new · 2,293 sold out
Top 10
22.8%
of the value
Est. gain
+$2.87B
on stocks held all quarter
Est. return
+3.5%
on those stocks since Q3 2025
Positions as of Dec 31, 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, 34% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 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.
- NetflixPUT~$5.65BAdded · 0.5% → 0.9%+60,260,300 underlying
- TeslaCALL~$3.15BAdded · 2.5% → 3.0%+7,006,600 underlying
- Amazon~$2.52BAdded · 0.1% → 0.5%+10,897,730 shares
- Nvidia~$2.19BAdded · 0.3% → 0.6%+11,739,611 shares
- MetaCALL~$2.16BAdded · 1.3% → 1.5%+3,270,400 underlying
- NetflixCALL~$2.11BAdded · 0.5% → 0.4%+22,484,800 underlying
- SPDR Dow Jones Indl Average~$1.98BAdded · 0.0% → 0.3%+4,111,571 shares
- Ishares TrCALL~$1.61BAdded · 0.2% → 0.4%+18,473,400 underlying
- Booking Holdings IncCALL~$1.12BAdded · 0.2% → 0.4%+208,800 underlying
- MicronPUT~$1.03BAdded · 0.2% → 0.5%+3,625,300 underlying
Largest sells
Since Q3 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~$8.21BCut · 4.2% → 3.0%−12,046,100 underlying
- Invesco Qqq TrPUT~$4.95BCut · 4.0% → 3.3%−8,060,600 underlying
- Invesco Qqq TrCALL~$2.88BCut · 2.5% → 2.1%−4,688,200 underlying
- NvidiaPUT~$1.89BCut · 1.9% → 1.5%−10,138,800 underlying
- SPDR Gold TrCALL~$1.38BCut · 1.2% → 1.1%−3,490,200 underlying
- Ishares TrPUT~$1.08BCut · 1.0% → 0.9%−4,404,600 underlying
- Ishares TrPUT~$964.1MCut · 0.2% → 0.0%−8,749,000 underlying
- Strategy IncPUT~$774.7MCut · 0.7% → 0.2%−5,098,500 underlying
- Meta~$765.8MCut · 0.2% → 0.1%−1,160,113 shares
- TeslaPUT~$666.7MCut · 2.3% → 2.2%−1,482,400 underlying
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco Qqq TrPUTUNIT SER 1 · shares −18% | 3.3% | $22.24B | — | ||||||||
| SPDR S&P 500 ETF TrPUTTR UNIT · shares −29% | 3.0% | $19.74B | — | ||||||||
| TeslaCALLCOM · shares +19% | 3.0% | $19.66B | — | ||||||||
| SPDR S&P 500 ETF TrCALLTR UNIT · shares −3.1% | 2.7% | $18.27B | — | ||||||||
| NvidiaCALLCOM · shares +0.3% | 2.2% | $14.54B | — | ||||||||
| TeslaPUTCOM · shares −4.4% | 2.2% | $14.45B | — | ||||||||
| Invesco Qqq TrCALLUNIT SER 1 · shares −17% | 2.1% | $13.83B | — | ||||||||
| NvidiaPUTCOM · shares −16% | 1.5% | $10.27B | — | ||||||||
| MetaCALLCL A · shares +28% | 1.5% | $9.92B | — | ||||||||
| AppleCALLCOM · shares −5.6% | 1.3% | $8.62B | — | ||||||||
| SPDR Gold TrCALLGOLD SHS · shares −15% | 1.1% | $7.57B | — | ||||||||
| ApplePUTCOM · shares −3.8% | 0.93% | $6.21B | — | ||||||||
| AlphabetCALLCAP STK CL A · shares +13% | 0.92% | $6.12B | — | ||||||||
| MicrosoftCALLCOM · shares −6.7% | 0.91% | $6.05B | — | ||||||||
| Ishares TrPUTRUSSELL 2000 ETF · shares −15% | 0.89% | $5.91B | — | ||||||||
| NetflixPUTCOM · shares +2,296% | 0.89% | $5.90B | — | ||||||||
| AmazonCALLCOM · shares −7.1% | 0.80% | $5.36B | — | ||||||||
| MetaPUTCL A · shares +3.7% | 0.80% | $5.35B | — | ||||||||
| AlphabetPUTCAP STK CL A · shares +17% | 0.69% | $4.59B | — | ||||||||
| AmazonPUTCOM · shares +12% | 0.69% | $4.58B | — | ||||||||
| PalantirCALLCL A · shares +0.4% | 0.65% | $4.35B | — | ||||||||
| BroadcomCALLCOM · shares +24% | 0.64% | $4.29B | — | ||||||||
| SPDR Gold TrPUTGOLD SHS · shares +7.3% | 0.64% | $4.27B | — | ||||||||
| Ishares TrCALLRUSSELL 2000 ETF · shares −8.9% | 0.62% | $4.16B | — | ||||||||
| NvidiaCOM · shares +120% · price −0.0% | 0.60% | $4.02B | −$785,585 | ||||||||
| Total · 12,508 positions | 100% | $665.87B | +$2.87B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2025 to Q4 2025: 4,377 stocks held throughout, up $2.87B (+3.5%).
- Netflix65:1 split+$516.8M+408%
- Micron+$318.4M+71%
- Eli Lilly+$218.1M+41%
- Alphabet+$130.8M+29%
- Alphabet+$116.2M+29%
- Oracle−$90.6M−31%
- Home Depot Inc−$92.9M−15%
- Microsoft−$112.0M−7%
- Lumentum1:15 split−$189.5M−85%
- Exact Sciences Corp1:47 split−$205.1M−96%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 41 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 ↗ |