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Rokos Capital Management LLP

The positions Rokos Capital Management LLP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 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
$26.8bn
+$13.6bn on Q1 2026
Positions
194
97 new, 54 sold out
Top ten weight
76%
Concentrated
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001666335 · Macro · United Kingdom
Reported book by quarter
$0$13.4bn$26.8bnQ3 24: $6.2bn$6.2bnQ3 24Q4 24: $10.0bn$10.0bnQ4 24Q1 25: $9.7bn$9.7bnQ1 25Q2 25: $23.0bn$23.0bnQ2 25Q3 25: $23.3bn$23.3bnQ3 25Q4 25: $25.7bn$25.7bnQ4 25Q1 26: $13.2bn$13.2bnQ1 26Q2 26: $26.8bn$26.8bnQ2 26
Largest positions, share of the book
Invesco QQQ TR: 47%Invesco QQQ TR47%Invesco QQQ TR: 16%Invesco QQQ TR16%Nvidia Corporation (NVDA): 2.1%Nvidia Corporation (NVD…2.1%iShares TR: 2.0%iShares TR2.0%Meta Platforms Inc (META): 1.8%Meta Platforms Inc (MET…1.8%Apple Inc (AAPL): 1.7%Apple Inc (AAPL)1.7%Ge Aerospace: 1.7%Ge Aerospace1.7%Invesco QQQ TR: 1.5%Invesco QQQ TR1.5%Alphabet Inc: 1.4%Alphabet Inc1.4%Ge Aerospace: 1.1%Ge Aerospace1.1%

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.

  • Invesco QQQ TR$4.2bn · 16%
  • Apple Inc (AAPL)$469m · 1.7%
  • Ge Aerospace$448m · 1.7%
  • Alphabet Inc$364m · 1.4%
  • Ge Aerospace$299m · 1.1%
  • Alphabet Inc$283m · 1.1%
  • Goldman Sachs Group Inc$249m · 0.9%
  • Advanced Micro Devices Inc (AMD)$218m · 0.8%
  • Alphabet Inc$214m · 0.8%
  • Capital One Finl Corp$193m · 0.7%
  • Citigroup Inc$105m · 0.4%
  • Arista Networks Inc (ANET)$74m · 0.3%
  • and 85 more, in the table below.

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.

  • iShares TR$559m held before
  • SPDR Series Trust$398m held before
  • Select Sector SPDR TR$215m held before
  • Select Sector SPDR TR$152m held before
  • Invesco Exchange Traded FD T$135m held before
  • iShares Inc$131m held before
  • Honeywell Intl Inc$94m held before
  • SPDR Series Trust$84m held before
  • Alibaba Group HLDG LTD$79m held before
  • Lockheed Martin Corp (LMT)$62m held before
  • Select Sector SPDR TR$61m held before
  • L3harris Technologies Inc$60m held before
  • and 42 more.

Every reported position, Q2 2026

194 positions, sorted by weight · page 2 of 2

PositionWeight ↓ValueSharesChange on the quarterAction
Morgan Stanley
COM NEW · CUSIP 617446448
0.1%$15m69,301
-$25m
-167,420 shares
Trimmed
Ge Vernova Inc (GEV)
COM PUT · CUSIP 36828A101
0.1%$14m12,000
+$3.6m
0 shares
Held
Palantir Technologies Inc (PLTR)
CL A PUT · CUSIP 69608A108
0.1%$14m120,000
-$50m
-320,200 shares
Trimmed
Parsons Corp Del
COM · CUSIP 70202L102
0.1%$14m263,318No earlier filingNew
Itt Inc (ITT)
COM · CUSIP 45073V108
0.1%$14m68,257
-$100k
-3,255 shares
Trimmed
Core Scientific Inc New
COM CALL · CUSIP 21874A106
0.0%$13m510,000No earlier filingNew
Transocean LTD (RIG)
REGISTERED SHS · CUSIP H8817H100
0.0%$13m2,619,483
-$8.2m
-550,089 shares
Trimmed
Occidental Pete Corp
COM CALL · CUSIP 674599105
0.0%$12m236,900No earlier filingNew
Qnity Electronics Inc (Q)
COMMON STOCK · CUSIP 74743L100
0.0%$12m70,268No earlier filingNew
Occidental Pete Corp
COM PUT · CUSIP 674599105
0.0%$11m234,200No earlier filingNew
Marvell Technology Inc (MRVL)
COM · CUSIP 573874104
0.0%$11m36,786No earlier filingNew
Talen Energy Corp (TLN)
COM · CUSIP 87422Q109
0.0%$11m27,488
-$7.3m
-28,564 shares
Trimmed
Telephone & Data Sys Inc
COM NEW · CUSIP 879433829
0.0%$9.9m267,640
-$11m
-232,360 shares
Trimmed
SPDR Series Trust
ST STR SP RETAIL · CUSIP 78464A714
0.0%$9.9m112,438No earlier filingNew
Esab Corporation (ESAB)
COM · CUSIP 29605J106
0.0%$9.8m99,570No earlier filingNew
Performance Food Group Co (PFGC)
COM · CUSIP 71377A103
0.0%$9.3m82,925No earlier filingNew
Fluor Corp (FLR)
COM · CUSIP 343412102
0.0%$9.2m176,165
+$3.2m
+46,376 shares
Added
Amcor PLC
COM NEW · CUSIP G0250X149
0.0%$9.1m208,996No earlier filingNew
Taiwan Semiconductor Manufac
SPONSORED ADS · CUSIP 874039100
0.0%$8.7m18,341
-$18m
-60,611 shares
Trimmed
Mda Space LTD (MDA)
COM · CUSIP 55293N109
0.0%$8.5m206,644No earlier filingNew
Packaging Corp Amer
COM · CUSIP 695156109
0.0%$8.5m35,748
+$4.7m
+17,762 shares
Added
Analog Devices Inc (ADI)
COM · CUSIP 032654105
0.0%$8.5m21,371No earlier filingNew
Element Solutions Inc (ESI)
COM · CUSIP 28618M106
0.0%$8.4m176,361
+$4.5m
+62,014 shares
Added
Mastec Inc (MTZ)
COM CALL · CUSIP 576323109
0.0%$8.3m20,000No earlier filingNew
Ferguson Enterprises Inc
COMMON STOCK NEW · CUSIP 31488V107
0.0%$8.2m34,766No earlier filingNew
H2o America (HTO)
COM · CUSIP 784305104
0.0%$8.2m135,116
+$300k
0 shares
Held
Microsoft Corp (MSFT)
COM PUT · CUSIP 594918104
0.0%$8.1m21,800
+$2.8m
+7,400 shares
Added
Microsoft Corp (MSFT)
COM CALL · CUSIP 594918104
0.0%$8.1m21,800
-$4.6m
-12,600 shares
Trimmed
Rockwell Automation Inc (ROK)
COM · CUSIP 773903109
0.0%$8.1m16,269
+$4.1m
+5,299 shares
Added
Timken Co (TKR)
COM · CUSIP 887389104
0.0%$8.0m55,317No earlier filingNew
Robinhood MKTS Inc
COM CL A CALL · CUSIP 770700102
0.0%$8.0m80,000
+$2.5m
0 shares
Held
Robinhood MKTS Inc
COM CL A PUT · CUSIP 770700102
0.0%$8.0m80,000
+$2.5m
0 shares
Held
Occidental Pete Corp
COM · CUSIP 674599105
0.0%$7.7m158,604No earlier filingNew
Hut 8 Corp (HUT)
COM · CUSIP 44812J104
0.0%$7.7m66,510No earlier filingNew
MP Materials Corp
COM CL A CALL · CUSIP 553368101
0.0%$7.5m133,300
+$1.0m
0 shares
Held
USA Rare Earth Inc (USAR)
COM · CUSIP 91733P107
0.0%$7.5m345,985No earlier filingNew
Palantir Technologies Inc (PLTR)
CL A · CUSIP 69608A108
0.0%$7.2m61,865
-$17m
-103,883 shares
Trimmed
Loma Negra C I A S A MTN 14
SPONSORED ADS · CUSIP 54150E104
0.0%$7.0m610,457No earlier filingNew
Telesat Corp (TSAT)
CL A & CL B SHS · CUSIP 879512309
0.0%$7.0m137,737No earlier filingNew
Bunge Global SA (BG)
COM SHS · CUSIP H11356104
0.0%$6.5m61,009No earlier filingNew
Smurfit Westrock PLC (SW)
SHS · CUSIP G8267P108
0.0%$6.2m134,649
+$2.2m
+34,649 shares
Added
Quanta SVCS Inc
COM · CUSIP 74762E102
0.0%$6.1m8,537No earlier filingNew
United Therapeutics Corp Del
COM · CUSIP 91307C102
0.0%$5.8m10,634No earlier filingNew
Apa Corporation (APA)
COM CALL · CUSIP 03743Q108
0.0%$5.6m170,500No earlier filingNew
United Rentals Inc (URI)
COM CALL · CUSIP 911363109
0.0%$5.4m4,800
+$1.9m
0 shares
Held
United Rentals Inc (URI)
COM PUT · CUSIP 911363109
0.0%$5.4m4,800
+$1.9m
0 shares
Held
Asml HLDG NV
N Y REGISTRY SHS · CUSIP N07059210
0.0%$5.3m2,655No earlier filingNew
Ftai Aviation LTD
SHS · CUSIP G3730V105
0.0%$5.2m19,269No earlier filingNew
Ecolab Inc (ECL)
COM · CUSIP 278865100
0.0%$5.2m18,587No earlier filingNew
iShares TR
US TRSPRTION · CUSIP 464287192
0.0%$5.1m59,100No earlier filingNew
MSC Indl Direct Inc
CL A · CUSIP 553530106
0.0%$5.1m42,980No earlier filingNew
Keysight Technologies Inc (KEYS)
COM · CUSIP 49338L103
0.0%$4.9m13,905
-$16m
-61,253 shares
Trimmed
Alcoa Corp (AA)
COM · CUSIP 013872106
0.0%$4.8m91,738
-$7.2m
-89,377 shares
Trimmed
First Solar Inc (FSLR)
COM · CUSIP 336433107
0.0%$4.7m19,912No earlier filingNew
Intercorp Finl SVCS Inc
SHS · CUSIP P5626F128
0.0%$4.6m80,623No earlier filingNew
Freeport Mcmoran Inc (FCX)
CL B · CUSIP 35671D857
0.0%$4.0m63,617No earlier filingNew
Rocket Cos Inc
COM CL A · CUSIP 77311W101
0.0%$3.8m242,668No earlier filingNew
Caterpillar Inc (CAT)
COM · CUSIP 149123101
0.0%$3.7m3,462No earlier filingNew
Kla Corp (KLAC)
COM NEW · CUSIP 482480100
0.0%$3.7m12,143No earlier filingNew
Coinbase Global Inc (COIN)
COM CL A CALL · CUSIP 19260Q107
0.0%$3.7m25,000No earlier filingNew
XP Inc (XP)
CL A · CUSIP G98239109
0.0%$3.6m220,146
-$800k
-11,171 shares
Trimmed
Terawulf Inc (WULF)
COM · CUSIP 88080T104
0.0%$3.4m138,706No earlier filingNew
Nexgen Energy LTD (NXE)
COM · CUSIP 65340P106
0.0%$3.4m363,086No earlier filingNew
Liberty Media Corp Del
COM LBTY ONE S A · CUSIP 531229771
0.0%$3.4m38,600
+$400k
0 shares
Held
CSX Corp (CSX)
COM · CUSIP 126408103
0.0%$3.0m64,076No earlier filingNew
Amkor Technology Inc (AMKR)
COM · CUSIP 031652100
0.0%$3.0m34,493
-$3.5m
-108,205 shares
Trimmed
Unitedhealth Group Inc (UNH)
COM CALL · CUSIP 91324P102
0.0%$2.8m6,800No earlier filingNew
Cipher Digital Inc (CIFR)
COM · CUSIP 17253J106
0.0%$2.7m112,101No earlier filingNew
Blackrock Inc (BLK)
COM PUT · CUSIP 09290D101
0.0%$2.7m2,800No earlier filingNew
Blackrock Inc (BLK)
COM CALL · CUSIP 09290D101
0.0%$2.7m2,800No earlier filingNew
Baker Hughes Company (BKR)
CL A · CUSIP 05722G100
0.0%$2.7m47,992
-$31m
-497,628 shares
Trimmed
Texas Instrs Inc
COM · CUSIP 882508104
0.0%$2.3m7,841No earlier filingNew
RTX Corporation (RTX)
COM · CUSIP 75513E101
0.0%$2.1m11,251
-$105m
-544,901 shares
Trimmed
Sanmina Corp (SANM)
COM · CUSIP 801056102
0.0%$2.1m8,412No earlier filingNew
Palo Alto Networks Inc (PANW)
COM · CUSIP 697435105
0.0%$1.7m5,132No earlier filingNew
Echostar Corp (ECHO)
CL A · CUSIP 278768106
0.0%$1.7m17,135
-$110m
-939,352 shares
Trimmed
Bitdeer Technologies Group (BTDR)
CL A ORD SHS · CUSIP G11448100
0.0%$1.5m95,452No earlier filingNew
Corning Inc
COM · CUSIP 219350105
0.0%$1.3m5,172
-$52m
-387,827 shares
Trimmed
Oneok Inc New (OKE)
COM PUT · CUSIP 682680103
0.0%$1.3m14,900No earlier filingNew
Grupo Aeromexico Sab de CV
SPONSORED ADS · CUSIP 40054J109
0.0%$1.3m69,941No earlier filingNew
Hewlett Packard Enterprise C
COM · CUSIP 42824C109
0.0%$1.1m24,061No earlier filingNew
Datadog Inc (DDOG)
CL A COM · CUSIP 23804L103
0.0%$1.0m3,857
-$18m
-157,568 shares
Trimmed
Weatherford Intl PLC
ORD SHS · CUSIP G48833118
0.0%$900k10,465
-$100k
+143 shares
Added
Ase Technology HLDG Co LTD
SPONSORED ADS · CUSIP 00215W100
0.0%$800k18,782No earlier filingNew
Oneok Inc New (OKE)
COM · CUSIP 682680103
0.0%$800k9,123No earlier filingNew
Select Sector SPDR TR
ST STR FINL ETF · CUSIP 81369Y605
0.0%$700k13,265No earlier filingNew
Blackrock Inc (BLK)
COM · CUSIP 09290D101
0.0%$400k430No earlier filingNew
Linde PLC (LIN)
SHS · CUSIP G54950103
0.0%$400k788
-$20m
-39,855 shares
Trimmed
Amphenol Corp
CL A · CUSIP 032095101
0.0%$300k1,715No earlier filingNew
Nokia Corp
SPONSORED ADR · CUSIP 654902204
0.0%$300k19,745No earlier filingNew
Karman HLDGS Inc
COMMON STOCK · CUSIP 485924104
0.0%$200k4,843
-$35m
-435,620 shares
Trimmed
Unitedhealth Group Inc (UNH)
COM PUT · CUSIP 91324P102
0.0%$100k300No earlier filingNew
Coinbase Global Inc (COIN)
COM CL A · CUSIP 19260Q107
0.0%$0197No earlier filingNew
Apa Corporation (APA)
COM PUT · CUSIP 03743Q108
0.0%$0300No earlier filingNew

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202614 Aug 2026$26.8bn19476%13F-HR
Q1 202631 Mar 202615 May 2026$13.2bn17657%13F-HR
Q4 202531 Dec 202513 Feb 2026$25.7bn15170%13F-HR
Q3 202530 Sept 202514 Nov 2025$23.3bn15765%13F-HR
Q2 202530 Jun 202514 Aug 2025$23.0bn19566%13F-HR
Q1 202531 Mar 202515 May 2025$9.7bn14954%13F-HR
Q4 202431 Dec 202414 Feb 2025$10.0bn11358%13F-HR
Q3 202430 Sept 202414 Nov 2024$6.2bn7459%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.

Compare this against every other manager →How a hedge fund interview runs →

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.

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