Capital Fund Management S.A.
Capital Fund Management S.A. (CFM) is a leading quantitative and systematic hedge fund headquartered in Paris, France. Founded in 1991, CFM specializes in alternative asset management and manages assets for institutional clients worldwide. The firm is known for its scientific approach to investment and data-driven strategies, employing a team of over 280 employees as of 2025. CFM is regulated and registered with major financial authorities globally and operates with a strong focus on innovation and research-driven trading models.
Investment Strategy
CFM pursues a quantitative and systematic investment strategy, relying heavily on scientific research, mathematical modeling, and high-performance computing to develop and execute trading algorithms. The firm invests across global markets and multiple asset classes, employing strategies such as statistical arbitrage, equity market-neutral, managed futures, and diversified multi-strategy funds. CFM's investment philosophy emphasizes data analysis, rigorous testing, risk management, and continual adaptation to evolving market behaviors, seeking uncorrelated returns for institutional investors.
Top Holdings
Equity Positions (827)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 0.79% | $287.1M | 1,816,951 | $153.46 | $157.99 | +$269.1M |
A AAPL | APPLE INC | 0.74% | $269.5M | 1,313,784 | $205.17 | $205.17 | +$269.5M |
G GOOGL | ALPHABET INC | 0.56% | $203.2M | 1,152,894 | $161.88 | $176.23 | +$84.7M |
U UNH | UNITEDHEALTH GROUP INC | 0.54% | $196.4M | 629,462 | $357.60 | $311.97 | +$118.8M |
P PEP | PEPSICO INC | 0.34% | $124.7M | 944,588 | $143.28 | $132.04 | +$38.9M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
P PLTR | PALANTIR TECHNOLOGIES INC | Sold | Call | $248.6M | 18,234 | $136.32 | $34.24 | -7,601 | +$30.5M |
N NVDA | NVIDIA CORPORATION | Sold | Put | $219.0M | 13,863 | $157.99 | $28.60 | -108 | +$67.6M |
N NVDA | NVIDIA CORPORATION | Sold | Call | $207.6M | 13,139 | $157.99 | $61.86 | -13,212 | -$78.0M |
A AAPL | APPLE INC | Bought | Put | $205.1M | 9,997 | $205.17 | $204.58 | +468 | -$6.6M |
A ARM | ARM HOLDINGS PLC | Sold | Put | $196.4M | 12,145 | $161.74 | $139.08 | -2,693 | +$38.0M |