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Hedge fund

Rokos Capital Management LLP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1666335

Reported value
$8.0bn
46% in companies we cover
Positions we cover
124
Largest GOOGL 2.5%
Copy, a year
+18.3%
S&P 500 +15.6%
Copy Sharpe ratio
0.68
S&P 500 0.73

How copying its 13F would have done

$10.0k$20.0k$40.0k 20192020202120222023202420252026 $36.4k$30.6k
CopyS&P 500 $10,000 copying Rokos Capital Management LLP's filed holdings in companies we cover from February 15, 2019, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −35.4% (S&P 500 −31.8%); beta 0.84; alpha +5.8% a year (t = 0.81); last 12 months +11.9% against +12.1%.

Reported value by quarter

Rokos Capital Management LLP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T Reported value, 2018-12-31: $13.9M Reported value, 2019-03-31: $54.4M Reported value, 2019-06-30: $22.8M Reported value, 2019-09-30: $43.1M Reported value, 2019-12-31: $167.8M Reported value, 2020-03-31: $61.9M Reported value, 2020-06-30: $724.1M Reported value, 2020-09-30: $1.7B Reported value, 2020-12-31: $1.7B Reported value, 2021-03-31: $4.2B Reported value, 2021-06-30: $2B Reported value, 2021-09-30: $663.1M Reported value, 2021-12-31: $502.1M Reported value, 2022-03-31: $1B Reported value, 2022-06-30: $1.3B Reported value, 2022-09-30: $1.3B Reported value, 2022-12-31: $992.7B Reported value, 2023-03-31: $1.2B Reported value, 2023-06-30: $5B Reported value, 2023-09-30: $2.7B Reported value, 2023-12-31: $3.2B Reported value, 2024-03-31: $3.8B Reported value, 2024-06-30: $4.2B Reported value, 2024-09-30: $2.7B Reported value, 2024-12-31: $4.5B Reported value, 2025-03-31: $3.6B Reported value, 2025-06-30: $5.9B Reported value, 2025-09-30: $7.9B Reported value, 2025-12-31: $6.7B Reported value, 2026-03-31: $5.6B Reported value, 2026-06-30: $8B 2018-12-31 2020-06-30 2021-12-31 2023-06-30 2024-12-31 2026-06-30 $8B
View chart data
Period Reported value
2018-12-31 $13.9M
2019-03-31 $54.4M
2019-06-30 $22.8M
2019-09-30 $43.1M
2019-12-31 $167.8M
2020-03-31 $61.9M
2020-06-30 $724.1M
2020-09-30 $1.7B
2020-12-31 $1.7B
2021-03-31 $4.2B
2021-06-30 $2B
2021-09-30 $663.1M
2021-12-31 $502.1M
2022-03-31 $1B
2022-06-30 $1.3B
2022-09-30 $1.3B
2022-12-31 $992.7B
2023-03-31 $1.2B
2023-06-30 $5B
2023-09-30 $2.7B
2023-12-31 $3.2B
2024-03-31 $3.8B
2024-06-30 $4.2B
2024-09-30 $2.7B
2024-12-31 $4.5B
2025-03-31 $3.6B
2025-06-30 $5.9B
2025-09-30 $7.9B
2025-12-31 $6.7B
2026-03-31 $5.6B
2026-06-30 $8B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
GOOGLAlphabet Inc. (Class A)2.50%$199.2m557.7K−83.0% Reduced
NVDANVIDIA Corporation2.38%$189.7m949.1K−48.9% Reduced
SNDKSandisk2.08%$165.2m72.8K+27.5% Added
CCitigroup1.91%$151.9m1.09M+2.9% Added
AAPLApple Inc.1.70%$135.6m468.6K−69.0% Reduced
METAMeta Platforms1.42%$113.3m201.2K−35.0% Reduced
AMATApplied Materials1.33%$105.7m146.2K+8.2% Added
MSFTMicrosoft Corporation1.31%$104.1m279.2K+8449.1% Added
LRCXLam Research1.29%$102.8m237.3K−8.7% Reduced
NSCNorfolk Southern1.24%$99.0m314.7K+130.6% Added
AVGOBroadcom1.23%$98.1m260.1K+9.9% Added
AMZNAmazon1.19%$94.8m397.8K+686.3% Added
GLNGGolar LNG LTD1.13%$89.6m1.80M+53.7% Added
PCGPG&E Corporation0.96%$76.2m4.53M+49.0% Added
ANETArista Networks0.93%$73.8m434.2KNew
EQTEQT Corporation0.90%$71.2m1.34M−23.0% Reduced
EXEExpand Energy0.79%$62.8m688.7K−20.2% Reduced
CIENCiena0.78%$62.3m127.0K+91.2% Added
MUMicron Technology0.78%$61.8m53.6K−72.2% Reduced
HONAHoneywell Aerospace0.77%$61.6m279.4KNew
LITELumentum0.77%$61.4m71.6K−38.1% Reduced
DARDarling Ingredients Inc.0.72%$57.5m1.05M+158.2% Added
GXOGXO Logistics, Inc.0.71%$56.3m1.11M+170.3% Added
HONHoneywell Technologies0.67%$53.2m237.5KNew
TSLATesla, Inc.0.59%$46.9m111.5K+56.7% Added
ALLYAlly Financial Inc.0.56%$44.7m973.5KNew
TERTeradyne0.56%$44.4m91.7K−11.0% Reduced
COHRCoherent Corp.0.50%$40.1m101.6K−58.7% Reduced
PCTPurecycle Technologies, Inc.0.50%$40.0m4.93M+240.1% Added
KKRKKR & Co.0.49%$38.7m421.7KNew
WDCWestern Digital0.48%$38.3m60.0K−69.8% Reduced
STXSeagate Technology0.48%$37.9m39.3K−68.7% Reduced
NUNu Holdings Ltd.0.47%$37.6m2.81MNew
NTRANatera, Inc.0.47%$37.2m137.0K−43.6% Reduced
ATIATI Inc0.45%$35.7m180.9K+125.2% Added
DALDelta Air Lines0.42%$33.1m353.7K−37.4% Reduced
VLOValero Energy0.41%$32.4m124.6K−33.2% Reduced
VSTVistra Corp.0.40%$32.1m202.5K−31.9% Reduced
TTMITTM Technologies Inc0.39%$31.1m166.4K+24.4% Added
ULTAUlta Beauty0.38%$30.5m67.6KNew
TACTransalta Corp0.36%$28.5m2.06M−10.1% Reduced
AMDAdvanced Micro Devices0.35%$28.2m48.7KNew
SNOWSnowflake Inc.0.34%$27.4m107.7KNew
MPMP Materials Corp. / DE0.34%$26.8m477.5K−13.2% Reduced
SHWSherwin-Williams0.32%$25.3m73.5KNew
SPCXSpace Exploration Technologies Corp0.30%$23.9m140.0KNew
INTCIntel0.30%$23.7m169.7KNew
ASAmer Sports, Inc.0.26%$20.9m616.3KNew
CTVACorteva, Inc.0.26%$20.8m245.6K+391.1% Added
SLBSchlumberger0.24%$19.3m415.6K−39.6% Reduced
FNFabrinet0.24%$19.1m34.0K−44.1% Reduced
HALHalliburton0.24%$19.1m562.1K−36.9% Reduced
CCJCameco Corp0.22%$17.8m174.6KNew
SLVMSylvamo Corp0.21%$17.0m449.0K+75.6% Added
CENXCentury Aluminum Co0.20%$16.3m355.0K−18.7% Reduced
KBRKBR, Inc.0.20%$15.8m458.4K+556.2% Added
WMTWalmart0.19%$15.0m132.8K−17.3% Reduced
FLSFlowserve Corp0.19%$14.9m201.4K+217.1% Added
CECelanese Corp0.18%$14.7m320.5KNew
MSMorgan Stanley0.18%$14.5m69.3K−70.7% Reduced
PSNParsons Corp0.17%$13.8m263.3KNew
ITTITT Inc.0.17%$13.5m68.3K−4.6% Reduced
RIGTransocean Ltd.0.16%$12.8m2.62M−17.4% Reduced
QQnity Electronics, Inc.0.14%$11.5m70.3KNew
MRVLMarvell Technology0.14%$11.0m36.8KNew
TLNTalen Energy Corp0.13%$10.6m27.5K−51.0% Reduced
TDSTelephone & Data Systems Inc0.12%$9.9m267.6K−46.5% Reduced
ESABESAB Corp0.12%$9.8m99.6KNew
PFGCPerformance Food Group Co0.12%$9.3m82.9KNew
FLRFluor Corp0.12%$9.2m176.2K+35.7% Added
AMCRAmcor0.11%$9.1m209.0KNew
TSMTaiwan Semiconductor Manufacturing Co LTD0.11%$8.7m18.3K−76.8% Reduced
PKGPackaging Corporation of America0.11%$8.5m35.7K+98.8% Added
ADIAnalog Devices0.11%$8.5m21.4KNew
ESIElement Solutions Inc0.11%$8.4m176.4K+54.2% Added
FERGFerguson Enterprises0.10%$8.2m34.8KNew
HTOH2o America0.10%$8.2m135.1K0.0%
ROKRockwell Automation0.10%$8.1m16.3K+48.3% Added
TKRTimken Co0.10%$8.0m55.3KNew
OXYOccidental Petroleum0.10%$7.7m158.6KNew
HUTHut 8 Corp.0.10%$7.7m66.5KNew
USARUSA Rare Earth, Inc.0.09%$7.5m346.0KNew
PLTRPalantir Technologies Inc.0.09%$7.2m61.9K−62.7% Reduced
TSATTelesat Corp0.09%$7.0m137.7KNew
BGBunge Global0.08%$6.5m61.0KNew
SWSmurfit Westrock0.08%$6.2m134.6K+34.6% Added
PWRQuanta Services0.08%$6.1m8.5KNew
UTHRUnited Therapeutics Corp0.07%$5.8m10.6KNew
ASMLAsml Holding NV0.07%$5.3m2.7KNew
FTAIFTAI Aviation Ltd.0.07%$5.2m19.3KNew
ECLEcolab0.07%$5.2m18.6KNew
MSMMSC Industrial Direct Co Inc0.06%$5.1m43.0KNew
KEYSKeysight Technologies0.06%$4.9m13.9K−81.5% Reduced
AAAlcoa Corp0.06%$4.8m91.7K−49.3% Reduced
FSLRFirst Solar, Inc.0.06%$4.7m19.9KNew
FCXFreeport-McMoRan0.05%$4.0m63.6KNew
RKTRocket Companies, Inc.0.05%$3.8m242.7KNew
CATCaterpillar Inc.0.05%$3.7m3.5KNew
KLACKLA Corporation0.05%$3.7m12.1KNew
XPXP Inc.0.04%$3.6m220.1K−4.8% Reduced
WULFTerawulf Inc.0.04%$3.4m138.7KNew
NXENexgen Energy Ltd.0.04%$3.4m363.1KNew
CSXCSX Corporation0.04%$3.0m64.1KNew
AMKRAmkor Technology, Inc.0.04%$3.0m34.5K−75.8% Reduced
CIFRCipher Digital Inc.0.03%$2.7m112.1KNew
BKRBaker Hughes0.03%$2.7m48.0K−91.2% Reduced
TXNTexas Instruments0.03%$2.3m7.8KNew
RTXRTX Corporation0.03%$2.1m11.3K−98.0% Reduced
SANMSanmina Corp0.03%$2.1m8.4KNew
PANWPalo Alto Networks0.02%$1.7m5.1KNew
ECHOEchoStar0.02%$1.7m17.1K−98.2% Reduced
BTDRBitdeer Technologies Group0.02%$1.5m95.5KNew
GLWCorning Inc.0.02%$1.3m5.2K−98.7% Reduced
AEROGrupo Aeromexico, S.a.b. De C.v.0.02%$1.3m69.9KNew
HPEHewlett Packard Enterprise0.01%$1.1m24.1KNew
DDOGDatadog, Inc.0.01%$1.0m3.9K−97.6% Reduced
WFRDWeatherford International plc0.01%$852,95010.5K+1.4% Added
ASXASE Technology Holding Co., Ltd.0.01%$847,06818.8KNew
OKEOneok0.01%$793,1999.1KNew
BLKBlackRock0.01%$413,123430New
LINLinde plc0.01%$408,893788−98.1% Reduced
APHAmphenol0.00%$302,4321.7KNew
KRMNKarman Holdings Inc.0.00%$241,7634.8K−98.9% Reduced
COINCoinbase0.00%$28,801197New
CompanyBought (value)Shares
MSFTMicrosoft Corporation$102.9m275.9K
AMZNAmazon$82.7m347.2K
ANETArista Networks$73.8m434.2K
HONAHoneywell Aerospace$61.6m279.4K
NSCNorfolk Southern$56.1m178.2K
HONHoneywell Technologies$53.2m237.5K
ALLYAlly Financial Inc.$44.7m973.5K
KKRKKR & Co.$38.7m421.7K
NUNu Holdings Ltd.$37.6m2.81M
SNDKSandisk$35.7m15.7K
GXOGXO Logistics, Inc.$35.5m699.9K
DARDarling Ingredients Inc.$35.3m645.3K
GLNGGolar LNG LTD$31.3m628.4K
ULTAUlta Beauty$30.5m67.6K
CIENCiena$29.7m60.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
GOOGLAlphabet Inc. (Class A)−$969.7m−2.71M
AAPLApple Inc.−$302.1m−1.04M
NVDANVIDIA Corporation−$181.5m−907.9K
MUMicron Technology−$160.8m−139.6K
CRWDCrowdStrike−$104.3m−267.1K
RTXRTX Corporation−$103.3m−544.9K
GLWCorning Inc.−$99.1m−387.8K
ECHOEchoStar−$95.4m−939.4K
WDCWestern Digital−$88.4m−138.5K
STXSeagate Technology−$83.1m−86.2K
GEVGE Vernova−$64.7m−74.2K
LMTLockheed Martin−$62.4m−103.3K
METAMeta Platforms−$60.9m−108.1K
LHXL3Harris−$59.6m−172.7K
COHRCoherent Corp.−$56.9m−144.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
CRWDCrowdStrike$104.3m267.1K
GEVGE Vernova$64.7m74.2K
LMTLockheed Martin$62.4m103.3K
LHXL3Harris$59.6m172.7K
GSGoldman Sachs$50.2m59.4K
VVisa Inc.$45.9m151.7K
JCIJohnson Controls$45.8m350.0K
MAMastercard$44.3m88.6K
SPOTSpotify Technology S.a.$43.9m90.4K
RALRalliant Corp$42.0m1.01M
TSEMTower Semiconductor LTD$41.7m237.6K
BABAAlibaba Group Holding Ltd$39.7m316.1K
JBLJabil$31.2m117.6K
PGProcter & Gamble$29.9m207.1K
CVXChevron Corporation$24.1m116.4K
AXTIAXT Inc$18.8m330.8K
STUBStubhub Holdings, Inc.$13.4m2.14M
LYBLyondellBasell$13.2m164.1K
DYDycom Industries Inc$12.9m38.0K
KEXKirby Corp$9.9m74.6K
JAZZJazz Pharmaceuticals plc$9.8m52.0K
ROKURoku, Inc$9.4m99.2K
EMEEmcor$9.3m12.6K
BSXBoston Scientific$8.8m140.2K
DEDeere & Company$8.8m15.6K
PHParker Hannifin$8.0m8.9K
FDXFedEx$7.3m20.6K
WLKWestlake Corp$7.1m60.8K
OLNOlin Corp$6.8m229.8K
JNJJohnson & Johnson$5.9m24.3K
  • Technology42.0%
  • Industrials15.7%
  • Communication Services8.8%
  • Financials8.0%
  • Energy6.8%
  • Materials5.8%
  • Consumer Discretionary5.2%
  • Utilities4.2%
  • Consumer Staples2.4%
  • Health Care1.2%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 15, 2019 to November 2, 2026+18.3%+15.6%0.680.73−35.4%0.84
Last three yearsNovember 3, 2023 to November 2, 2026+33.5%+21.8%1.171.16−29.4%1.53
Last yearNovember 7, 2025 to November 2, 2026+13.3%+14.2%0.520.84−12.7%1.53

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.