CAPITAL FUND MANAGEMENT S.A.

CIK 0001323645 · Q2 2026

13F Equity AUM

$22.7B

+2.6% QoQ

Positions

1,184

+72 QoQ

AUM Rank

#306

Top 4%

Skill Alpha (FF)

+0.4%/yr^ns

No Clear Edge

Rank #2,349 · Top 28%

vs S&P +1.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 7.7%Top 10: 13.3%Top 20: 20.2%

AMD1.7%

MU1.7%

TSLA1.5%

AMZN1.5%

MSFT1.4%

SPY1.2%

TRVC1.2%

TSM1.1%

INTC1.1%

CRM0.9%

Others (1174)86.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology29.9%

Financial Services18.5%

Consumer Cyclical11.0%

Industrials9.3%

Healthcare8.6%

Communication Services4.9%

Energy4.4%

Consumer Defensive4.1%

Other9.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1184Median: 0.03%Avg: 0.08%

0–0.5%

1156(75.5%)

0.5–1%

19(12.2%)

1–3%

9(12.3%)

3–5%

0(0.0%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 1,184vs 20 funds

0%Low

1,184

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New226Increased501Decreased456Exited153

New Positions

NDQ0.3%

+90K

LHX0.2%

+177K

DUPONT DE NEMOURS IN…0.2%

+309K

ULTA0.1%

+76K

BMNR0.1%

+2.5M

FTV0.1%

+445K

MUSA0.1%

+50K

CBRE0.1%

+162K

SJM0.1%

+180K

MAR0.1%

+50K

Increased

NOK0.5%

+6.9M(+380%)

OPEN0.1%

+3.2M(+141%)

CMCSA0.5%

+2.3M(+130%)

PINS0.3%

+1.9M(+141%)

EWZ0.4%

+1.9M(+258%)

TTD0.2%

+1.7M(+132%)

VG0.1%

+1.4M(+206%)

SNAP0.1%

+1.4M(+34%)

RIVN0.2%

+1.4M(+141%)

LYG0.1%

+1.4M(+185%)

Decreased

QUBT0.1%

-1,671,802(-48%)

FXI0.1%

-1,562,289(-72%)

SMR0.1%

-1,525,366(-32%)

AAPL0.7%

-1,237,815(-69%)

QBTS0.0%

-1,207,600(-84%)

FCX0.1%

-1,104,084(-80%)

INTC1.1%

-1,076,259(-37%)

MU1.7%

-1,049,801(-76%)

IREN0.1%

-974,842(-77%)

KWEB0.1%

-961,051(-59%)

Exited

-269,084

-75,466

-15,420

-99,653

-122,211

-63,510

-16,372

-342,961

AMCCD

-281,509

ILMN

-86,985

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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