13F filer · CIK 923093 ↗
Tudor Investment
You are looking at Q3 2025. See the latest, Q2 2026 →
Reported value
$57.98B
+26% on the quarter before
Positions
3,284
842 new · 735 sold out
Top 10
36.3%
of the value
Est. gain
+$327.8M
on stocks held all quarter
Est. return
+4.9%
on those stocks since Q2 2025
Positions as of Sep 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 Q2 2025. Striped tiles are options.
Largest buys
Since Q2 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 Trust - Us EtpCALL~$2.43BNew · 0.0% → 4.2%+3,650,000 underlying
- Invesco Qqq Trust Series 1 - Us EtpCALL~$768.2MAdded · 2.7% → 3.6%+1,279,600 underlying
- Ishares China Large-Cap ETF - Us EtpCALL~$300.4MAdded · 0.2% → 0.7%+7,301,600 underlying
- Invesco Qqq Trust Series 1 - Us Etp~$280.6MAdded · 0.1% → 0.6%+467,309 shares
- Ishares China Large-Cap ETF - Us EtpPUT~$264.4MAdded · 0.2% → 0.7%+6,425,800 underlying
- Energy Select Sector SPDR Fund - Us EtpCALL~$202.6MAdded · 0.3% → 0.6%+2,268,300 underlying
- Nvidia~$188.6MAdded · 0.1% → 0.4%+1,010,572 shares
- Unitedhealth Group Inc - UsPUT~$181.7MAdded · 0.2% → 0.5%+526,300 underlying
- Lululemon Athletica Inc - UsCALL~$170.3MAdded · 0.1% → 0.4%+957,300 underlying
- Kraneshares Csi China Internet ETF - Us EtpCALL~$167.1MNew · 0.0% → 0.3%+3,977,800 underlying
Largest sells
Since Q2 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 Trust - Us Etp~$355.8MCut · 2.7% → 1.7%−534,033 shares
- Ishares Russell 2000 ETF - Us EtpCALL~$290.4MCut · 6.9% → 5.6%−1,200,100 underlying
- MetaCALL~$273.9MCut · 0.7% → 0.1%−373,000 underlying
- Ishares Russell 2000 ETF - Us EtpPUT~$164.3MCut · 16.5% → 14.3%−679,000 underlying
- Frontier Communications Parent Inc - Us~$161.5MCut · 0.4% → 0.0%−4,324,089 shares
- BroadcomCALL~$153.0MCut · 0.5% → 0.2%−463,900 underlying
- AMDCALL~$152.0MCut · 0.6% → 0.3%−939,600 underlying
- Boeing Co/The - UsCALL~$145.8MCut · 0.4% → 0.1%−675,600 underlying
- AmazonCALL~$136.2MCut · 0.3% → 0.0%−620,300 underlying
- TeslaCALL~$103.8MCut · 0.2% → 0.1%−233,500 underlying
Holdings
As of Sep 30, 2025. Changes are in shares against Jun 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ishares Russell 2000 ETF - Us EtpPUTETF Option · shares −1.9% | 14.3% | $8.31B | — | ||||||||
| Ishares Russell 2000 ETF - Us EtpCALLETF Option · shares −8.2% | 5.6% | $3.25B | — | ||||||||
| SPDR S&P 500 ETF Trust - Us EtpCALLETF Option · shares New | 4.2% | $2.43B | — | ||||||||
| Invesco Qqq Trust Series 1 - Us EtpPUTETF Option · shares +1.8% | 3.9% | $2.24B | — | ||||||||
| Invesco Qqq Trust Series 1 - Us EtpCALLETF Option · shares +58% | 3.6% | $2.09B | — | ||||||||
| SPDR S&P 500 ETF Trust - Us EtpExChange-Traded Fund · shares −27% · price +7.8% | 1.7% | $968.5M | +$70.3M | ||||||||
| Energy Select Sector SPDR Fund - Us EtpPUTETF Option · shares +22% | 0.96% | $554.5M | — | ||||||||
| Utilities Select Sector SPDR Fund - Us EtpPUTETF Option · shares +7.4% | 0.75% | $435.0M | — | ||||||||
| Ishares China Large-Cap ETF - Us EtpPUTETF Option · shares +218% | 0.66% | $385.5M | — | ||||||||
| Ishares China Large-Cap ETF - Us EtpCALLETF Option · shares +360% | 0.66% | $383.9M | — | ||||||||
| Invesco Qqq Trust Series 1 - Us EtpExChange-Traded Fund · shares +442% · price +8.8% | 0.59% | $344.0M | +$5.2M | ||||||||
| Energy Select Sector SPDR Fund - Us EtpCALLETF Option · shares +153% | 0.58% | $335.5M | — | ||||||||
| Financial Select Sector SPDR Fund - Us EtpPUTETF Option · shares +72% | 0.54% | $313.8M | — | ||||||||
| Unitedhealth Group Inc - UsPUTEquity Option · shares +161% | 0.51% | $294.9M | — | ||||||||
| Goldman SachsCALLEquity Option · shares +3.8% | 0.50% | $291.5M | — | ||||||||
| Ishares Msci Emerging Markets ETF - Us EtpCALLETF Option · shares +31% | 0.50% | $291.1M | — | ||||||||
| Ishares Msci Emerging Markets ETF - Us EtpPUTETF Option · shares +54% | 0.46% | $266.7M | — | ||||||||
| NvidiaCALLEquity Option · shares −9.1% | 0.46% | $263.9M | — | ||||||||
| OracleCALLEquity Option · shares +42% | 0.45% | $258.3M | — | ||||||||
| RobinhoodCALLEquity Option · shares −18% | 0.44% | $253.3M | — | ||||||||
| PalantirCALLEquity Option · shares −26% | 0.41% | $240.6M | — | ||||||||
| SPDR S&P Regional Banking ETF - Us EtpPUTETF Option · shares +0.2% | 0.41% | $238.5M | — | ||||||||
| AdobeCALLEquity Option · shares +54% | 0.39% | $228.2M | — | ||||||||
| NvidiaEquity · shares +610% · price +18.1% | 0.38% | $219.5M | +$4.7M | ||||||||
| MicronCALLEquity Option · shares −22% | 0.38% | $217.6M | — | ||||||||
| Total · 3,284 positions | 100% | $57.98B | +$327.8M |
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 Q2 2025 to Q3 2025: 954 stocks held throughout, up $327.8M (+4.9%).
- SPDR S&P 500 ETF Trust - Us Etp+$70.3M+8%
- Apple+$28.8M+24%
- Arista Networks+$15.4M+42%
- Alphabet+$14.5M+37%
- Sofi Technologies Inc - Us+$14.0M+45%
- Api Group Corp - Us−$9.3M−33%
- Sezzle Inc - Us−$9.4M−56%
- Fiserv Inc - Us−$10.0M−25%
- Coeur Mining Inc - Us1:77 split−$19.0M−97%
- Liberty Broadband C−$47.7M−35%
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 ↗ |