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Citadel Advisors LLC
The positions Citadel Advisors LLC reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 2 Sept 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Reported book
$875bn
+$257bn on Q1 2026
Positions
13,572
11+ new, 1,019 sold out
Top ten weight
23%
Spread across the book
Quarter
Q2 2026
Filed 2 Sept 2026
Read the Q2 2026 filing on sec.gov CIK 0001423053 · Multistrategy · FL
Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
- Select Sector SPDR Financial ETF (XLF)puts$1.6bn · 0.2%
- Direxion Shares Daily Semiconductor Bull (SOXL)calls$1.6bn · 0.2%
- Direxion Shares Daily Semiconductor Bull (SOXL)puts$1.6bn · 0.2%
- Space Exploration Techn Corp (SPCX)Class A Common Stock · calls$1.4bn · 0.2%
- Select Sector SPDR Industrial ETF (XLI)puts$1.1bn · 0.1%
- Space Exploration Techn Corp (SPCX)Class A Common Stock · puts$974m · 0.1%
- Roundhill Memory (DRAM)calls$908m · 0.1%
- Space Exploration Techn Corp (SPCX)Class A Common Stock$877m · 0.1%
- Select Sector SPDR Discretionary ETF (XLY)puts$858m · 0.1%
- Select Sector SPDR Energy ETF (XLE)calls$827m · 0.1%
- Roundhill Memory (DRAM)puts$824m · 0.1%
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
- Western Digital Corp (WDC)$697m held before
- Honeywell Intl Inc (HON)$423m held before
- Carnival Corp (CCL)$330m held before
- Coterra Energy Inc (CTRA)$243m held before
- Live Nation Entertainment In$217m held before
- Clearwater Analytics HLDGS I (CWAN)$205m held before
- Terns Pharmaceuticals Inc (TERN)$198m held before
- Dupont de Nemours Inc (DD)$90m held before
- Hologic Inc (HOLX)$84m held before
- Granite Constr Inc$61m held before
- Masimo Corp (MASI)$59m held before
- Wec Energy Group Inc (WEC)$57m held before
- and 1,007 more.
Largest reported positions, Q2 2026
200 positions, sorted by weight · page 1 of 2
Showing the largest 200 reported positions, representing 67.4% of reported market value.
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF (SPY) calls · CUSIP 78462F103 | 4.1% | $35.7bn | 47,748,200 | +$18.1bn +20,720,200 shares | Added |
| Invesco QQQ Trust (QQQ) puts · CUSIP 46090E103 | 3.0% | $26.6bn | 36,059,900 | +$6.0bn +468,600 shares | Added |
| Invesco QQQ Trust (QQQ) calls · CUSIP 46090E103 | 2.7% | $23.5bn | 31,899,300 | +$12.2bn +12,403,000 shares | Added |
| State Street SPDR S&P 500 ETF (SPY) puts · CUSIP 78462F103 | 2.7% | $23.3bn | 31,154,800 | -$921m -6,035,400 shares | Trimmed |
| Micron Technology Inc (MU) puts · CUSIP 595112103 | 2.5% | $22.2bn | 19,275,300 | +$16.6bn +2,559,300 shares | Added |
| Micron Technology Inc (MU) calls · CUSIP 595112103 | 1.9% | $16.3bn | 14,155,700 | +$12.9bn +3,838,300 shares | Added |
| Tesla Inc (TSLA) calls · CUSIP 88160R101 | 1.6% | $13.7bn | 32,564,700 | +$164m -3,838,300 shares | Trimmed |
| iShares Core S&P500 ETF (IVV) CUSIP 464287200 | 1.5% | $13.2bn | 17,676,489 | +$10.6bn +13,615,739 shares | Added |
| Nvidia Corporation (NVDA) calls · CUSIP 67066G104 | 1.4% | $12.2bn | 60,899,600 | +$520m -5,988,400 shares | Trimmed |
| SanDisk Corp (SNDK) puts · CUSIP 80004C200 | 1.3% | $11.7bn | 5,155,949 | +$10.2bn +2,693,534 shares | Added |
| VanEck Semiconductor (SMH) puts · CUSIP 92189F676 | 1.3% | $11.6bn | 17,637,400 | +$9.8bn +13,048,600 shares | Added |
| SanDisk Corp (SNDK) calls · CUSIP 80004C200 | 1.2% | $10.3bn | 4,546,500 | +$8.1bn +1,015,001 shares | Added |
| Microsoft Corp (MSFT) calls · CUSIP 594918104 | 1.1% | $9.7bn | 25,992,400 | +$2.7bn +7,017,600 shares | Added |
| Tesla Inc (TSLA) puts · CUSIP 88160R101 | 1.1% | $9.6bn | 22,796,200 | +$136m -2,631,000 shares | Trimmed |
| Advanced Micro Devices Inc (AMD) puts · CUSIP 007903107 | 1.1% | $9.4bn | 16,109,000 | +$6.8bn +3,349,300 shares | Added |
| Nvidia Corporation (NVDA) puts · CUSIP 67066G104 | 1.0% | $9.2bn | 45,898,800 | +$169m -5,791,500 shares | Trimmed |
| Apple Inc (AAPL) calls · CUSIP 037833100 | 1.0% | $9.0bn | 31,233,300 | +$962m -587,600 shares | Trimmed |
| Advanced Micro Devices Inc (AMD) calls · CUSIP 007903107 | 1.0% | $9.0bn | 15,530,900 | +$6.2bn +1,532,100 shares | Added |
| Meta Platforms Inc (META) Class A · calls · CUSIP 30303M102 | 1.0% | $8.7bn | 15,401,700 | +$1.1bn +2,107,500 shares | Added |
| iShares Russell 2000 ETF (IWM) puts · CUSIP 464287655 | 0.9% | $7.8bn | 26,086,800 | +$2.6bn +4,875,700 shares | Added |
| Alphabet Inc (GOOGL) Capital Stock Class A · calls · CUSIP 02079K305 | 0.8% | $7.2bn | 20,146,600 | +$2.2bn +2,696,800 shares | Added |
| Microsoft Corp (MSFT) puts · CUSIP 594918104 | 0.7% | $6.3bn | 16,959,500 | +$2.4bn +6,396,000 shares | Added |
| Apple Inc (AAPL) puts · CUSIP 037833100 | 0.7% | $6.2bn | 21,574,100 | +$1.6bn +3,215,800 shares | Added |
| Amazon Com Inc (AMZN) calls · CUSIP 023135106 | 0.7% | $5.9bn | 24,885,700 | +$647m -484,800 shares | Trimmed |
| Meta Platforms Inc (META) Class A · puts · CUSIP 30303M102 | 0.6% | $5.1bn | 9,026,300 | +$25m +183,200 shares | Added |
| VanEck Semiconductor (SMH) calls · CUSIP 92189F676 | 0.6% | $4.9bn | 7,526,500 | +$3.3bn +3,314,900 shares | Added |
| SPDR Gold Trust (GLD) calls · CUSIP 78463V107 | 0.6% | $4.9bn | 13,268,600 | -$4.5bn -8,643,500 shares | Trimmed |
| iShares Russell 2000 ETF (IWM) calls · CUSIP 464287655 | 0.5% | $4.7bn | 15,783,300 | +$1.0bn +702,300 shares | Added |
| Taiwan Semiconductor Manufac (TSM) Sponsored ADS · puts · CUSIP 874039100 | 0.5% | $4.6bn | 9,735,500 | +$1.7bn +1,019,900 shares | Added |
| Alphabet Inc (GOOGL) Capital Stock Class A · puts · CUSIP 02079K305 | 0.5% | $4.5bn | 12,614,800 | +$170m -2,470,500 shares | Trimmed |
| Intel Corp (INTC) puts · CUSIP 458140100 | 0.5% | $4.4bn | 31,165,400 | +$3.0bn +695,300 shares | Added |
| Alphabet Inc (GOOG) Capital Stock Class C · calls · CUSIP 02079K107 | 0.5% | $4.1bn | 11,608,200 | +$1.1bn +1,284,200 shares | Added |
| Broadcom Inc (AVGO) calls · CUSIP 11135F101 | 0.4% | $3.8bn | 10,012,000 | +$893m +677,100 shares | Added |
| Taiwan Semiconductor Manufac (TSM) Sponsored ADS · calls · CUSIP 874039100 | 0.4% | $3.7bn | 7,817,500 | +$2.7bn +4,641,200 shares | Added |
| Amazon Com Inc (AMZN) puts · CUSIP 023135106 | 0.4% | $3.7bn | 15,629,100 | -$47m -2,480,300 shares | Trimmed |
| Western Digital Corp (WDC) puts · CUSIP 958102105 | 0.4% | $3.7bn | 5,777,700 | +$2.7bn +2,219,500 shares | Added |
| Goldman Sachs Group Inc (GS) calls · CUSIP 38141G104 | 0.4% | $3.6bn | 3,576,200 | +$724m +156,400 shares | Added |
| Intel Corp (INTC) calls · CUSIP 458140100 | 0.4% | $3.4bn | 24,254,500 | +$2.6bn +5,862,800 shares | Added |
| iShares IBOXX High Yield ETF (HYG) puts · CUSIP 464288513 | 0.4% | $3.3bn | 41,700,400 | -$140m -1,976,000 shares | Trimmed |
| Alphabet Inc (GOOG) Capital Stock Class C · puts · CUSIP 02079K107 | 0.3% | $3.1bn | 8,659,000 | +$1.1bn +1,659,900 shares | Added |
| Seagate Technology Hldngs PL (STX) puts · CUSIP G7997R103 | 0.3% | $3.1bn | 3,164,700 | +$2.3bn +1,142,400 shares | Added |
| SPDR Gold Trust (GLD) puts · CUSIP 78463V107 | 0.3% | $3.0bn | 8,171,400 | -$2.3bn -4,172,100 shares | Trimmed |
| Broadcom Inc (AVGO) puts · CUSIP 11135F101 | 0.3% | $3.0bn | 7,831,100 | +$381m -494,300 shares | Trimmed |
| Caterpillar Inc (CAT) puts · CUSIP 149123101 | 0.3% | $2.9bn | 2,731,300 | +$1.8bn +1,135,200 shares | Added |
| iShares 20 Year Treasury Bond ETF (TLT) calls · CUSIP 464287432 | 0.3% | $2.9bn | 33,128,700 | +$317m +3,762,400 shares | Added |
| Asml HLDG NV (ASML) N Y Registry Shares · puts · CUSIP N07059210 | 0.3% | $2.9bn | 1,436,600 | +$1.3bn +294,200 shares | Added |
| Marvell Technology Inc (MRVL) puts · CUSIP 573874104 | 0.3% | $2.8bn | 9,563,200 | +$2.4bn +4,723,600 shares | Added |
| Eli Lilly & Co (LLY) puts · CUSIP 532457108 | 0.3% | $2.8bn | 2,349,200 | +$1.4bn +767,400 shares | Added |
| iShares 20 Year Treasury Bond ETF (TLT) puts · CUSIP 464287432 | 0.3% | $2.7bn | 31,407,800 | +$1.1bn +12,673,600 shares | Added |
| Unitedhealth Group Inc (UNH) calls · CUSIP 91324P102 | 0.3% | $2.6bn | 6,334,600 | +$256m -2,450,700 shares | Trimmed |
| Amazon Com Inc (AMZN) CUSIP 023135106 | 0.3% | $2.6bn | 10,882,003 | +$906m +2,779,466 shares | Added |
| Goldman Sachs Group Inc (GS) puts · CUSIP 38141G104 | 0.3% | $2.5bn | 2,504,000 | +$463m +57,400 shares | Added |
| Marvell Technology Inc (MRVL) calls · CUSIP 573874104 | 0.3% | $2.5bn | 8,280,500 | +$2.1bn +4,675,900 shares | Added |
| Nvidia Corporation (NVDA) CUSIP 67066G104 | 0.3% | $2.4bn | 11,815,467 | -$891m -6,849,394 shares | Trimmed |
| Unitedhealth Group Inc (UNH) puts · CUSIP 91324P102 | 0.3% | $2.3bn | 5,631,800 | +$328m -1,804,900 shares | Trimmed |
| Caterpillar Inc (CAT) calls · CUSIP 149123101 | 0.3% | $2.3bn | 2,156,800 | +$857m +123,900 shares | Added |
| Eli Lilly & Co (LLY) calls · CUSIP 532457108 | 0.3% | $2.3bn | 1,881,500 | +$674m +160,400 shares | Added |
| Netflix Inc. (NFLX) calls · CUSIP 64110L106 | 0.3% | $2.3bn | 31,570,900 | -$295m +5,058,200 shares | Added |
| State Street SPDR Dow Jones Ind (DIA) calls · CUSIP 78467X109 | 0.2% | $2.2bn | 4,118,000 | +$1.7bn +3,177,600 shares | Added |
| Netflix Inc. (NFLX) puts · CUSIP 64110L106 | 0.2% | $2.2bn | 30,113,400 | -$1.8bn -11,086,100 shares | Trimmed |
| Applied Matls Inc (AMAT) puts · CUSIP 038222105 | 0.2% | $2.1bn | 2,965,600 | +$1.8bn +1,896,000 shares | Added |
| Apple Inc (AAPL) CUSIP 037833100 | 0.2% | $2.1bn | 7,296,076 | +$788m +2,082,206 shares | Added |
| Crowdstrike HLDGS Inc (CRWD) Class A · puts · CUSIP 22788C105 | 0.2% | $2.1bn | 2,746,100 | +$1.4bn +1,060,000 shares | Added |
| Dell Technologies Inc (DELL) Class C · puts · CUSIP 24703L202 | 0.2% | $2.1bn | 4,828,400 | +$1.4bn +611,900 shares | Added |
| Crowdstrike HLDGS Inc (CRWD) Class A · calls · CUSIP 22788C105 | 0.2% | $2.0bn | 2,615,000 | +$916m -150,100 shares | Trimmed |
| JPMorgan Chase & Co (JPM) calls · CUSIP 46625H100 | 0.2% | $1.9bn | 5,809,800 | +$226m +114,100 shares | Added |
| Asml HLDG NV (ASML) N Y Registry Shares · calls · CUSIP N07059210 | 0.2% | $1.9bn | 953,600 | +$322m -238,700 shares | Trimmed |
| Arm Holdings PLC (ARM) Sponsored ADS · puts · CUSIP 042068205 | 0.2% | $1.9bn | 5,345,100 | +$1.4bn +1,794,700 shares | Added |
| iShares IBOXX High Yield ETF (HYG) calls · CUSIP 464288513 | 0.2% | $1.8bn | 22,676,400 | +$993m +12,361,900 shares | Added |
| Lam Research Corp (LRCX) puts · CUSIP 512807306 | 0.2% | $1.8bn | 4,101,500 | +$1.4bn +2,122,800 shares | Added |
| Berkshire Hathaway Inc Del (BRK-B) Class B New · calls · CUSIP 084670702 | 0.2% | $1.8bn | 3,531,700 | +$532m +954,600 shares | Added |
| Applied Matls Inc (AMAT) calls · CUSIP 038222105 | 0.2% | $1.8bn | 2,433,000 | +$1.1bn +568,200 shares | Added |
| Palantir Technologies Inc (PLTR) Class A · calls · CUSIP 69608A108 | 0.2% | $1.7bn | 14,969,500 | -$1.1bn -4,460,300 shares | Trimmed |
| iShares Silver Trust (SLV) calls · CUSIP 46428Q109 | 0.2% | $1.7bn | 31,327,400 | -$1.5bn -15,166,900 shares | Trimmed |
| Select Sector SPDR Financial ETF (XLF) puts · CUSIP 81369Y605 | 0.2% | $1.6bn | 30,560,700 | No earlier filing | New |
| Dell Technologies Inc (DELL) Class C · calls · CUSIP 24703L202 | 0.2% | $1.6bn | 3,781,800 | +$1.1bn +816,700 shares | Added |
| Direxion Shares Daily Semiconductor Bull (SOXL) calls · CUSIP 25459W458 | 0.2% | $1.6bn | 6,021,700 | No earlier filing | New |
| Direxion Shares Daily Semiconductor Bull (SOXL) puts · CUSIP 25459W458 | 0.2% | $1.6bn | 5,971,400 | No earlier filing | New |
| Ge Vernova Inc (GEV) puts · CUSIP 36828A101 | 0.2% | $1.6bn | 1,328,000 | +$608m +237,400 shares | Added |
| Oracle Corp (ORCL) calls · CUSIP 68389X105 | 0.2% | $1.6bn | 10,612,500 | +$183m +1,286,200 shares | Added |
| Nebius Group N.v. (NBIS) Shares Class A · calls · CUSIP N97284108 | 0.2% | $1.5bn | 5,598,000 | +$1.2bn +1,909,700 shares | Added |
| Lam Research Corp (LRCX) calls · CUSIP 512807306 | 0.2% | $1.5bn | 3,506,300 | +$855m +395,200 shares | Added |
| JPMorgan Chase & Co (JPM) puts · CUSIP 46625H100 | 0.2% | $1.5bn | 4,624,100 | +$348m +661,100 shares | Added |
| Bloom Energy Corp (BE) Common Class A · puts · CUSIP 093712107 | 0.2% | $1.5bn | 4,929,200 | +$1.0bn +1,642,700 shares | Added |
| Palantir Technologies Inc (PLTR) Class A · puts · CUSIP 69608A108 | 0.2% | $1.5bn | 12,768,900 | -$571m -1,318,200 shares | Trimmed |
| Western Digital Corp (WDC) calls · CUSIP 958102105 | 0.2% | $1.5bn | 2,323,700 | +$937m +299,800 shares | Added |
| Costco Wholesale Corporation (COST) calls · CUSIP 22160K105 | 0.2% | $1.5bn | 1,581,700 | +$72m +168,700 shares | Added |
| Oracle Corp (ORCL) puts · CUSIP 68389X105 | 0.2% | $1.5bn | 10,019,700 | +$233m +1,618,300 shares | Added |
| iShares MSCI South Korea ETF (EWY) calls · CUSIP 464286772 | 0.2% | $1.5bn | 7,208,200 | +$1.1bn +4,595,600 shares | Added |
| Costco Wholesale Corporation (COST) puts · CUSIP 22160K105 | 0.2% | $1.4bn | 1,549,600 | +$446m +542,300 shares | Added |
| Vanguard Index S&P 500 ETF Shares (VOO) puts · CUSIP 922908363 | 0.2% | $1.4bn | 2,102,200 | +$895m +1,183,700 shares | Added |
| Nebius Group N.v. (NBIS) Shares Class A · puts · CUSIP N97284108 | 0.2% | $1.4bn | 5,226,100 | +$1.3bn +3,386,800 shares | Added |
| Robinhood MKTS Inc (HOOD) Common Class A · calls · CUSIP 770700102 | 0.2% | $1.4bn | 14,285,700 | +$644m +2,912,900 shares | Added |
| Space Exploration Techn Corp (SPCX) Class A Common Stock · calls · CUSIP 84615Q103 | 0.2% | $1.4bn | 8,281,900 | No earlier filing | New |
| Microsoft Corp (MSFT) CUSIP 594918104 | 0.2% | $1.4bn | 3,770,405 | +$430m +1,132,281 shares | Added |
| iShares Expanded Tech (IGV) puts · CUSIP 464287515 | 0.2% | $1.4bn | 15,516,200 | +$1.1bn +11,328,000 shares | Added |
| Carvana Co (CVNA) Class A · calls · CUSIP 146869102 | 0.2% | $1.3bn | 20,431,000 | -$73m +15,922,500 shares | Added |
| Ge Vernova Inc (GEV) calls · CUSIP 36828A101 | 0.2% | $1.3bn | 1,138,000 | +$426m +94,600 shares | Added |
| iShares MSCI Brazil ETF (EWZ) calls · CUSIP 464286400 | 0.2% | $1.3bn | 38,228,800 | -$432m -7,371,200 shares | Trimmed |
| Bloom Energy Corp (BE) Common Class A · calls · CUSIP 093712107 | 0.2% | $1.3bn | 4,351,800 | +$803m +553,900 shares | Added |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 2 Sept 2026 | $875bn | 13,572 | 23% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $618bn | 12,857 | 22% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 17 Feb 2026 | $666bn | 12,508 | 23% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 14 Nov 2025 | $657bn | 12,624 | 25% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $576bn | 12,296 | 27% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $527bn | 14,358 | 32% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 14 Feb 2025 | $578bn | 14,404 | 31% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $518bn | 14,115 | 30% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
You have read the book. Now have a view on one name
Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More
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