Caxton Associates LLP
Caxton Associates LLP is a global macro hedge fund founded in 1983 by Bruce Kovner, now headquartered in London with additional offices in New York, Singapore, Monaco, and Dubai. The firm specializes in managing client and proprietary capital through broad global macro and alternative investment strategies, employing approximately 150-200 professionals worldwide. Caxton Associates serves institutional investors, high-net-worth individuals, and select clients seeking consistent absolute returns across market cycles.
Investment Strategy
Caxton Associates focuses on a global macro strategy, blending rigorous macroeconomic analysis, market technicals, policy and political factors, and company fundamentals. The firm actively invests across all major liquid asset classes, including currencies, interest rates, equities, and commodities. It pursues a top-down approach, making directional and relative value trades while prioritizing disciplined risk management and analytical precision. Caxton's investment philosophy emphasizes diversification, adaptability to changing market cycles, ESG consideration, and the use of both discretionary and quantitative trading models to deliver consistent risk-adjusted returns.
Top Holdings
Equity Positions (660)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TSLA | TESLA INC | 14.60% | $575.3M | 1,811,000 | $259.16 | $317.66 | +$105.9M |
A AAPL | APPLE INC | 11.36% | $447.9M | 2,183,031 | $205.30 | $205.17 | +$444.3M |
M MSFT | MICROSOFT CORP | 8.81% | $347.2M | 697,926 | $493.13 | $497.41 | +$338.0M |
A AMZN | AMAZON COM INC | 8.44% | $332.6M | 1,515,962 | $190.26 | $219.39 | +$43.5M |
N NVDA | NVIDIA CORPORATION | 3.53% | $139.1M | 880,160 | $119.83 | $157.99 | +$65.7M |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SMH | VANECK ETF TRUST | New | Call | $34.9M | 1,250 | $278.88 | $278.88 | +1,250 | +$34.9M |
S SMH | VANECK ETF TRUST | New | Put | $34.9M | 1,250 | $278.88 | $278.88 | +1,250 | +$34.9M |