13F filer · CIK 923093 ↗
Tudor Investment
You are looking at Q2 2025. See the latest, Q2 2026 →
Reported value
$45.92B
+53% on the quarter before
Positions
3,177
917 new · 714 sold out
Top 10
36.7%
of the value
Est. gain
+$471.2M
on stocks held all quarter
Est. return
+9.1%
on those stocks since Q1 2025
Positions as of Jun 30, 2025, from Tudor Investment'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, 43% 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.
- Invesco Qqq Trust Series 1 - Us EtpPUT~$1.30BAdded · 2.0% → 4.4%+2,363,500 underlying
- SPDR S&P 500 ETF Trust - Us Etp~$1.17BAdded · 0.2% → 2.7%+1,886,777 shares
- Invesco Qqq Trust Series 1 - Us EtpCALL~$1.08BAdded · 0.4% → 2.7%+1,952,900 underlying
- Ishares Russell 2000 ETF - Us EtpCALL~$974.1MAdded · 6.7% → 6.9%+4,514,100 underlying
- MetaCALL~$258.0MAdded · 0.2% → 0.7%+349,500 underlying
- Berkshire Hathaway Inc - Us Class BCALL~$222.8MAdded · 0.1% → 0.5%+458,600 underlying
- Unitedhealth Group Inc - UsCALL~$209.8MAdded · 0.0% → 0.5%+672,400 underlying
- NetflixCALL~$208.0MAdded · 0.0% → 0.5%+155,300 underlying
- Goldman SachsCALL~$196.8MAdded · 0.1% → 0.5%+278,000 underlying
- AlphabetCALL~$186.4MAdded · 0.0% → 0.4%+1,057,500 underlying
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.
- Ishares Russell 2000 ETF - Us Etp~$760.3MCut · 2.5% → 0.1%−3,523,473 shares
- Boeing Co/The - UsPUT~$218.5MCut · 0.6% → 0.0%−1,042,800 underlying
- Ishares Iboxx High Yield Corporate Bond ETF - Us EPUT~$142.9MSold out · 0.5% → 0.0%−1,811,100 underlying
- Kellanova - Us~$123.9MCut · 0.5% → 0.1%−1,558,345 shares
- TeslaPUT~$103.7MCut · 0.3% → 0.0%−326,600 underlying
- Broadcom~$98.3MSold out · 0.3% → 0.0%−587,265 shares
- Alphabet~$96.3MCut · 0.3% → 0.0%−546,643 shares
- Ishares Msci Brazil ETF - Us EtpCALL~$93.1MSold out · 0.3% → 0.0%−3,600,000 underlying
- Financial Select Sector SPDR Fund - Us EtpCALL~$83.2MCut · 0.6% → 0.2%−1,588,200 underlying
- Intra-Cellular Therapies Inc - Us~$82.0MSold out · 0.3% → 0.0%−621,815 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 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Russell 2000 ETF - Us EtpPUTETF Option · shares +0.6% | 16.5% | $7.56B | — | ||||||||
| Ishares Russell 2000 ETF - Us EtpCALLETF Option · shares +45% | 6.9% | $3.15B | — | ||||||||
| Invesco Qqq Trust Series 1 - Us EtpPUTETF Option · shares +182% | 4.4% | $2.02B | — | ||||||||
| SPDR S&P 500 ETF Trust - Us EtpExchange-Traded Fund · shares +1,867% · price +10.5% | 2.7% | $1.23B | +$5.9M | ||||||||
| Invesco Qqq Trust Series 1 - Us EtpCALLETF Option · shares +772% | 2.7% | $1.22B | — | ||||||||
| Energy Select Sector SPDR Fund - Us EtpPUTETF Option · shares +12% | 0.94% | $429.7M | — | ||||||||
| Utilities Select Sector SPDR Fund - Us EtpPUTETF Option · shares 0% | 0.83% | $379.2M | — | ||||||||
| MetaCALLEquity Option · shares +385% | 0.71% | $324.9M | — | ||||||||
| AMDCALLEquity Option · shares +157% | 0.60% | $277.5M | — | ||||||||
| Ishares Bitcoin Trust ETF - Us EtpExchange-Traded Fund · shares −5.4% · price +30.8% | 0.60% | $274.8M | +$64.6M | ||||||||
| Goldman SachsCALLEquity Option · shares +372% | 0.54% | $249.6M | — | ||||||||
| NvidiaCALLEquity Option · shares +192% | 0.54% | $245.9M | — | ||||||||
| Berkshire Hathaway Inc - Us Class BCALLEquity Option · shares +1,077% | 0.53% | $243.5M | — | ||||||||
| PalantirCALLEquity Option · shares +54% | 0.53% | $243.0M | — | ||||||||
| NetflixCALLEquity Option · shares +1,327% | 0.49% | $223.6M | — | ||||||||
| SPDR S&P Regional Banking ETF - Us EtpPUTETF Option · shares −5.3% | 0.49% | $223.4M | — | ||||||||
| BroadcomCALLEquity Option · shares +105% | 0.48% | $220.0M | — | ||||||||
| Unitedhealth Group Inc - UsCALLEquity Option · shares +4,669% | 0.47% | $214.3M | — | ||||||||
| Jpmorgan Chase & Co - UsCALLEquity Option · shares +684% | 0.45% | $205.6M | — | ||||||||
| MicronCALLEquity Option · shares +852% | 0.45% | $204.9M | — | ||||||||
| RobinhoodCALLEquity Option · shares +122% | 0.44% | $201.2M | — | ||||||||
| Ishares Msci Emerging Markets ETF - Us EtpCALLETF Option · shares +27% | 0.44% | $201.1M | — | ||||||||
| AlphabetCALLEquity Option · shares +8,813% | 0.41% | $188.5M | — | ||||||||
| Boeing Co/The - UsCALLEquity Option · shares +336% | 0.40% | $183.4M | — | ||||||||
| Financial Select Sector SPDR Fund - Us EtpPUTETF Option · shares −23% | 0.39% | $177.3M | — | ||||||||
| Total · 3,177 positions | 100% | $45.92B | +$471.2M |
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 Q1 2025 to Q2 2025: 968 stocks held throughout, up $471.2M (+9.1%).
- Ishares Bitcoin Trust ETF - Us Etp+$64.6M+31%
- Pg&E Corp - Us10:1 split+$47.5M+222%
- Microsoft+$26.9M+33%
- Credo Technology Group Holding Ltd - Us+$19.9M+131%
- Nebius Group Nv - Us+$14.9M+162%
- Boeing Co/The - Us1:15 split−$6.8M−76%
- Regeneron Pharmaceuticals Inc - Us−$9.2M−17%
- Hess Corp - Us−$9.8M−13%
- Unitedhealth Group Inc - Us−$9.9M−40%
- Coinbase1:9 split−$9.9M−77%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 9 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 | Aug 14, 2026 | $71.91B+33% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $53.87B−0% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $54.03B−7% | SEC ↗ |
| Q3 2025 | Dec 9, 2025 (amended) | $57.98B+26% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $45.92B+53% | SEC ↗ |
| Q1 2025 | May 15, 2025 | $30.10B+15% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $26.28B−4% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $27.48B+41% | SEC ↗ |
| Q2 2024 | Aug 14, 2024 | $19.52B+24% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $15.72B+27% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $12.42B+25% | SEC ↗ |
| Q3 2023 | Nov 15, 2023 | $9.97B+19% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $8.38B+30% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $6.46B+28% | SEC ↗ |
| Q4 2022 | Feb 14, 2023 | $5.06B+9% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $4.63B+22% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $3.81B−11% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $4.27B−29% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $5.98B−3% | SEC ↗ |
| Q3 2021 | Nov 17, 2021 (amended) | $6.16B+16% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $5.29B+6% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $4.99B+41% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $3.54B+54% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $2.30B+14% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $2.02B+81% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $1.12B−50% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $2.23B−23% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $2.91B−17% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $3.51B+45% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $2.42B−52% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $5.06B+27% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $3.98B+38% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $2.87B−7% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $3.09B−22% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $3.94B+0% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $3.92B+19% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $3.28B+1% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $3.25B−16% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $3.88B−9% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $4.27B−10% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $4.72B+21% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $3.91B | SEC ↗ |