Caxton Associates LP's Q1 2020 13F: 280 new positions, 271 exits
Form 13F-HR for the quarter ended Mar 31, 2020 · filed May 15, 2020 · 388 reported positions · accession 0001567619-20-010587
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | SPDR S&P 500 ETF TR (SPY) | 24.6% | — | −24.6 pts | −422K sh | −100% |
| New | MICROSOFT CORP (MSFT) | — | 16.0% | +16.0 pts | +525K sh | new |
| Increased | ALIBABA GROUP HLDG LTD (BABA) | 1.3% | 11.8% | +10.5 pts | +280K sh | +851% |
| New | JPMORGAN CHASE & CO (JPM) | — | 10.0% | +10.0 pts | +572K sh | new |
| New | DEERE & CO (DE) | — | 6.2% | +6.2 pts | +230K sh | new |
| New | CABOT OIL & GAS CORP (CTRA) | — | 2.9% | +2.9 pts | +857K sh | new |
| Increased | JD COM INC (JD) | 0.1% | 2.8% | +2.7 pts | +343K sh | +3136% |
| Exited | VOYA FINL INC (VOYA) | 1.7% | — | −1.7 pts | −158K sh | −100% |
| Increased | NVIDIA CORP (NVDA) | 1.1% | 2.9% | +1.8 pts | +31,542 sh | +123% |
| Exited | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 1.6% | — | −1.6 pts | −152K sh | −100% |
| New | INTEL CORP (INTC) | — | 1.6% | +1.6 pts | +153K sh | new |
| Reduced | APTIV PLC (APTV) | 6.2% | 2.0% | −4.2 pts | −152K sh | −42% |
| Exited | SONY CORP (SONY) | 1.4% | — | −1.4 pts | −118K sh | −100% |
| Exited | ISHARES TR (EEM) | 1.3% | — | −1.3 pts | −166K sh | −100% |
| Reduced | BK OF AMERICA CORP (BAC) | 2.2% | 0.2% | −2.1 pts | −311K sh | −89% |
| New | EQUINIX INC (EQIX) | — | 1.2% | +1.2 pts | +10,300 sh | new |
| Reduced | TESLA INC (TSLA) | 0.9% | 0.1% | −0.9 pts | −11,469 sh | −95% |
| Reduced | ADOBE INC (ADBE) | 1.4% | 0.2% | −1.1 pts | −18,840 sh | −82% |
| New | EQT CORPORATION (EQT) | — | 1.2% | +1.2 pts | +840K sh | new |
| Reduced | S&P GLOBAL INC (SPGI) | 1.2% | 0.1% | −1.1 pts | −22,903 sh | −96% |
| Exited | STATE STR CORP (STT) | 1.0% | — | −1.0 pts | −72,522 sh | −100% |
| Exited | BANK NEW YORK MELLON CORP (BK) | 1.0% | — | −1.0 pts | −112K sh | −100% |
| Exited | ZIMMER BIOMET HLDGS INC (ZBH) | 0.9% | — | −0.9 pts | −35,000 sh | −100% |
| Exited | MARTIN MARIETTA MATLS INC (MLM) | 0.9% | — | −0.9 pts | −18,400 sh | −100% |
| Exited | DAVITA INC (DVA) | 0.9% | — | −0.9 pts | −67,300 sh | −100% |
| Exited | BLACKROCK INC (BLK) | 0.9% | — | −0.9 pts | −10,000 sh | −100% |
| Exited | LKQ CORP (LKQ) | 0.9% | — | −0.9 pts | −138K sh | −100% |
| Reduced | ACTIVISION BLIZZARD INC (ATVI) | 0.9% | 0.1% | −0.8 pts | −77,255 sh | −91% |
| Exited | ARCONIC INC (ARNC) | 0.9% | — | −0.9 pts | −157K sh | −100% |
| Increased | MICRON TECHNOLOGY INC (MU) | 0.6% | 1.4% | +0.8 pts | +107K sh | +165% |
| Reduced | ALLERGAN PLC (AGN) | 1.0% | 0.2% | −0.8 pts | −23,998 sh | −82% |
| Reduced | CVS HEALTH CORP (CVS) | 1.0% | 0.1% | −1.0 pts | −70,390 sh | −92% |
| Exited | NEXTERA ENERGY INC (NEE) | 0.7% | — | −0.7 pts | −16,396 sh | −100% |
| Exited | SUNCOR ENERGY INC NEW (SU) | 0.6% | — | −0.6 pts | −105K sh | −100% |
| New | TELADOC HEALTH INC (TDOC) | — | 0.6% | +0.6 pts | +20,575 sh | new |
| Exited | NIO INC (NIO) | 0.6% | — | −0.6 pts | −840K sh | −100% |
| Reduced | CITIZENS FINANCIAL GROUP INC (CFG) | 1.5% | 0.2% | −1.3 pts | −153K sh | −76% |
| Exited | NXP SEMICONDUCTORS N V (NXPI) | 0.5% | — | −0.5 pts | −23,500 sh | −100% |
| Exited | SOLAREDGE TECHNOLOGIES INC (SEDG) | 0.5% | — | −0.5 pts | −29,897 sh | −100% |
| Increased | APPLE INC (AAPL) | 0.3% | 0.8% | +0.5 pts | +10,303 sh | +198% |
| Reduced | SYSCO CORP (SYY) | 0.9% | 0.1% | −0.9 pts | −54,925 sh | −90% |
| Exited | XYLEM INC (XYL) | 0.5% | — | −0.5 pts | −33,701 sh | −100% |
| Reduced | CITIGROUP INC (C) | 1.4% | 0.4% | −1.1 pts | −56,832 sh | −57% |
| New | VEEVA SYS INC (VEEV) | — | 0.5% | +0.5 pts | +15,247 sh | new |
| Exited | RENEWABLE ENERGY GROUP INC (REGI) | 0.5% | — | −0.5 pts | −94,221 sh | −100% |
| Exited | ISHARES INC (EWZ) | 0.4% | — | −0.4 pts | −46,700 sh | −100% |
| Exited | ACUITY BRANDS INC (AYI) | 0.4% | — | −0.4 pts | −15,141 sh | −100% |
| New | OKTA INC (OKTA) | — | 0.4% | +0.4 pts | +15,904 sh | new |
| Exited | SENSATA TECHNOLOGIES HLDNG P (ST) | 0.4% | — | −0.4 pts | −38,406 sh | −100% |
| Exited | GREEN PLAINS INC (GPRE) | 0.4% | — | −0.4 pts | −132K sh | −100% |
The 50 largest of 653 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 57.7% of the equity book
Changes in the top 10 this quarter: MSFT entered · BABA entered · JPM entered · DE entered · NVDA entered · CTRA entered · JD entered · INTC entered · SPY left · BAC left · VOYA left · TSM left · CFG left · SONY left · C left · ADBE left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | MICROSOFT CORP (MSFT) | 0.0% | 16.0% | Entered the top 10 |
| 2 | ALIBABA GROUP HLDG LTD (BABA) | 1.3% | 11.8% | Entered the top 10 |
| 3 | JPMORGAN CHASE & CO (JPM) | 0.0% | 10.0% | Entered the top 10 |
| 4 | DEERE & CO (DE) | 0.0% | 6.2% | Entered the top 10 |
| 5 | NVIDIA CORP (NVDA) | 1.1% | 2.9% | Entered the top 10 |
| 6 | CABOT OIL & GAS CORP (CTRA) | 0.0% | 2.9% | Entered the top 10 |
| 7 | JD COM INC (JD) | 0.1% | 2.8% | Entered the top 10 |
| 8 | APTIV PLC (APTV) | 6.2% | 2.0% | |
| 9 | AMAZON COM INC (AMZN) | 1.7% | 1.6% | |
| 10 | INTEL CORP (INTC) | 0.0% | 1.6% | Entered the top 10 |
| — | SPDR S&P 500 ETF TR (SPY) | 24.6% | 0.0% | Left the top 10 |
| — | BK OF AMERICA CORP (BAC) | 2.2% | 0.2% | Left the top 10 |
| — | VOYA FINL INC (VOYA) | 1.7% | 0.0% | Left the top 10 |
| — | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 1.6% | 0.0% | Left the top 10 |
| — | CITIZENS FINANCIAL GROUP INC (CFG) | 1.5% | 0.2% | Left the top 10 |
| — | SONY CORP (SONY) | 1.4% | 0.0% | Left the top 10 |
| — | CITIGROUP INC (C) | 1.4% | 0.4% | Left the top 10 |
| — | ADOBE INC (ADBE) | 1.4% | 0.2% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | ISHARES TR (FXI) | Put | 1.75M | 0 | $0 |
| Exited | SPDR SERIES TRUST (XOP) | Call | 2M | 0 | $0 |
| Exited | INVESCO QQQ TR (QQQ) | Put | 100K | 0 | $0 |
| New | ISHARES TR (HYG) | Put | 0 | 250K | $19.2M |
| Exited | ISHARES TR (TLT) | Put | 110K | 0 | $0 |
| Exited | ISHARES TR (FXI) | Call | 250K | 0 | $0 |
| New | SPDR GOLD TRUST (GLD) | Call | 0 | 40,000 | $5.92M |
| Exited | WPX ENERGY INC (WPX) | Call | 201K | 0 | $0 |
| Exited | ISHARES TR (EEM) | Call | 50,000 | 0 | $0 |
| Exited | SELECT SECTOR SPDR TR (XLF) | Call | 50,000 | 0 | $0 |
| New | ISHARES TR (HYG) | Call | 0 | 20,000 | $1.53M |
| New | OCCIDENTAL PETE CORP (OXY) | Put | 0 | 60,000 | $695K |
| New | BARCLAYS BK PLC (VXX) | Call | 0 | 10,000 | $463K |