Caxton Associates LP's Q4 2020 13F: 72 new positions, 237 exits
Form 13F-HR for the quarter ended Dec 31, 2020 · filed Feb 16, 2021 · 116 reported positions · accession 0001567619-21-004022
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | ISHARES TR (EEM) | 0.0% | 8.3% | +8.3 pts | +1.57M sh | +62820% |
| New | AES CORP (AES) | — | 5.0% | +5.0 pts | +2.11M sh | new |
| Exited | HESS CORP (HES) | 4.7% | — | −4.7 pts | −1.01M sh | −100% |
| Exited | CABOT OIL & GAS CORP (CTRA) | 4.1% | — | −4.1 pts | −2.09M sh | −100% |
| Exited | EQUINOR ASA (EQNR) | 3.5% | — | −3.5 pts | −2.2M sh | −100% |
| Exited | EQT CORP (EQT) | 3.4% | — | −3.4 pts | −2.29M sh | −100% |
| Increased | SPDR GOLD TR (GLD) | 47.8% | 45.9% | −1.8 pts | +145K sh | +6% |
| New | ISHARES SILVER TR (SLV) | — | 2.5% | +2.5 pts | +1.01M sh | new |
| Reduced | ALTICE USA INC (OPTU) | 1.8% | 0.0% | −1.8 pts | −606K sh | −99% |
| Increased | APPLE INC (AAPL) | 0.1% | 2.0% | +1.9 pts | +140K sh | +2496% |
| Increased | MICRON TECHNOLOGY INC (MU) | 0.8% | 2.9% | +2.1 pts | +231K sh | +160% |
| Reduced | AMAZON COM INC (AMZN) | 2.6% | 0.7% | −1.9 pts | −5,260 sh | −71% |
| Exited | ALIBABA GROUP HLDG LTD (BABA) | 1.7% | — | −1.7 pts | −50,068 sh | −100% |
| Exited | ALPHABET INC (GOOGL) | 1.5% | — | −1.5 pts | −9,090 sh | −100% |
| New | NEXTERA ENERGY INC (NEE) | — | 1.2% | +1.2 pts | +149K sh | new |
| Increased | MICROSOFT CORP (MSFT) | 0.1% | 1.1% | +1.1 pts | +48,173 sh | +2070% |
| New | NEXTERA ENERGY PARTNERS LP (XIFR) | — | 1.0% | +1.0 pts | +148K sh | new |
| New | PPL CORP (PPL) | — | 0.9% | +0.9 pts | +323K sh | new |
| New | PORTLAND GEN ELEC CO (POR) | — | 0.9% | +0.9 pts | +208K sh | new |
| New | EVERSOURCE ENERGY (ES) | — | 0.9% | +0.9 pts | +103K sh | new |
| New | PUBLIC SVC ENTERPRISE GRP IN (PEG) | — | 0.9% | +0.9 pts | +151K sh | new |
| New | ALLIANT ENERGY CORP (LNT) | — | 0.9% | +0.9 pts | +171K sh | new |
| New | XCEL ENERGY INC (XEL) | — | 0.9% | +0.9 pts | +131K sh | new |
| New | DUKE ENERGY CORP NEW (DUK) | — | 0.9% | +0.9 pts | +95,621 sh | new |
| New | DTE ENERGY CO (DTE) | — | 0.9% | +0.9 pts | +71,985 sh | new |
| New | CENTERPOINT ENERGY INC (CNP) | — | 0.9% | +0.9 pts | +401K sh | new |
| New | EXELON CORP (EXC) | — | 0.9% | +0.9 pts | +205K sh | new |
| New | CLEARWAY ENERGY INC (CWEN) | — | 0.9% | +0.9 pts | +271K sh | new |
| New | DOMINION ENERGY INC (D) | — | 0.9% | +0.9 pts | +115K sh | new |
| New | DISNEY WALT CO (DIS) | — | 0.8% | +0.8 pts | +45,300 sh | new |
| Exited | SELECT SECTOR SPDR TR (XLF) | 0.7% | — | −0.7 pts | −265K sh | −100% |
| Exited | NVIDIA CORPORATION (NVDA) | 0.7% | — | −0.7 pts | −11,613 sh | −100% |
| New | UBER TECHNOLOGIES INC (UBER) | — | 0.6% | +0.6 pts | +115K sh | new |
| Exited | EQUINIX INC (EQIX) | 0.6% | — | −0.6 pts | −6,635 sh | −100% |
| Increased | VISA INC (V) | 0.1% | 0.6% | +0.5 pts | +21,486 sh | +660% |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 1.7% | 1.6% | −0.1 pts | −42,200 sh | −22% |
| Increased | INTUIT (INTU) | 0.1% | 0.5% | +0.5 pts | +11,758 sh | +763% |
| Exited | ISHARES TR (GTIP) | 0.4% | — | −0.4 pts | −111K sh | −100% |
| Exited | QUALCOMM INC (QCOM) | 0.4% | — | −0.4 pts | −28,223 sh | −100% |
| New | AMBARELLA INC (AMBA) | — | 0.4% | +0.4 pts | +38,500 sh | new |
| Reduced | ON SEMICONDUCTOR CORP (ON) | 0.7% | 0.5% | −0.1 pts | −106K sh | −39% |
| Exited | BOSTON SCIENTIFIC CORP (BSX) | 0.3% | — | −0.3 pts | −75,000 sh | −100% |
| Reduced | ADVANCED MICRO DEVICES INC (AMD) | 0.8% | 0.5% | −0.3 pts | −34,710 sh | −40% |
| Exited | ACTIVISION BLIZZARD INC (ATVI) | 0.3% | — | −0.3 pts | −35,000 sh | −100% |
| New | SHOPIFY INC (SHOP) | — | 0.3% | +0.3 pts | +2,600 sh | new |
| Increased | DOCUSIGN INC (DOCU) | 0.4% | 0.7% | +0.3 pts | +13,051 sh | +76% |
| Exited | ISHARES TR (FXI) | 0.3% | — | −0.3 pts | −59,500 sh | −100% |
| Increased | APPLIED MATLS INC (AMAT) | 0.0% | 0.3% | +0.3 pts | +30,392 sh | +866% |
| Exited | DOLLAR TREE INC (DLTR) | 0.3% | — | −0.3 pts | −25,000 sh | −100% |
| Reduced | ADOBE SYSTEMS INCORPORATED (ADBE) | 0.6% | 0.3% | −0.3 pts | −4,673 sh | −42% |
The 50 largest of 349 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- VERISIGN INC (VRSN): 92343E102 → 92343E106, 6,688 → 1,059 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 76.7% of the equity book
Changes in the top 10 this quarter: EEM entered · AES entered · MU entered · SLV entered · AAPL entered · NEE entered · MSFT entered · HES left · CTRA left · EQNR left · EQT left · AMZN left · OPTU left · BABA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR GOLD TR (GLD) | 47.8% | 45.9% | |
| 2 | ISHARES TR (EEM) | 0.0% | 8.3% | Entered the top 10 |
| 3 | APTIV PLC (APTV) | 4.7% | 6.1% | |
| 4 | AES CORP (AES) | 0.0% | 5.0% | Entered the top 10 |
| 5 | MICRON TECHNOLOGY INC (MU) | 0.8% | 2.9% | Entered the top 10 |
| 6 | ISHARES SILVER TR (SLV) | 0.0% | 2.5% | Entered the top 10 |
| 7 | APPLE INC (AAPL) | 0.1% | 2.0% | Entered the top 10 |
| 8 | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 1.7% | 1.6% | |
| 9 | NEXTERA ENERGY INC (NEE) | 0.0% | 1.2% | Entered the top 10 |
| 10 | MICROSOFT CORP (MSFT) | 0.1% | 1.1% | Entered the top 10 |
| — | HESS CORP (HES) | 4.7% | 0.0% | Left the top 10 |
| — | CABOT OIL & GAS CORP (CTRA) | 4.1% | 0.0% | Left the top 10 |
| — | EQUINOR ASA (EQNR) | 3.5% | 0.0% | Left the top 10 |
| — | EQT CORP (EQT) | 3.4% | 0.0% | Left the top 10 |
| — | AMAZON COM INC (AMZN) | 2.6% | 0.7% | Left the top 10 |
| — | ALTICE USA INC (OPTU) | 1.8% | 0.0% | Left the top 10 |
| — | ALIBABA GROUP HLDG LTD (BABA) | 1.7% | 0.0% | 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 |
|---|---|---|---|---|---|
| Increased | ISHARES TR (EEM) | Call | 50,000 | 6.89M | $356M |
| Exited | ISHARES TR (FXI) | Put | 500K | 0 | $0 |
| New | VANECK VECTORS ETF TR (GDX) | Call | 0 | 550K | $19.8M |
| New | VANECK VECTORS ETF TR (GDX) | Put | 0 | 500K | $18M |
| Exited | SPDR GOLD TR (GLD) | Put | 100K | 0 | $0 |
| New | ISHARES SILVER TR (SLV) | Put | 0 | 500K | $12.3M |
| New | NETFLIX INC (NFLX) | Call | 0 | 16,300 | $8.81M |
| Exited | SELECT SECTOR SPDR TR (XLF) | Put | 300K | 0 | $0 |
| New | INVESCO QQQ TR (QQQ) | Call | 0 | 22,000 | $6.9M |
| New | MICROSOFT CORP (MSFT) | Call | 0 | 27,500 | $6.12M |
| Increased | AMAZON COM INC (AMZN) | Call | 400 | 2,000 | $6.51M |
| Reduced | SPDR GOLD TR (GLD) | Call | 45,000 | 16,200 | $2.89M |
| New | FACEBOOK INC (META) | Call | 0 | 15,000 | $4.08M |
| Exited | APPLE INC (AAPL) | Call | 30,000 | 0 | $0 |
| New | ISHARES TR (TLT) | Put | 0 | 20,000 | $3.15M |
| New | TESLA INC (TSLA) | Put | 0 | 4,000 | $2.82M |
| New | TESLA INC (TSLA) | Call | 0 | 4,000 | $2.78M |
| New | ISHARES TR (HYG) | Put | 0 | 26,700 | $2.33M |
| New | STARBUCKS CORP (SBUX) | Call | 0 | 20,000 | $2.12M |
| Increased | ISHARES SILVER TR (SLV) | Call | 175K | 228K | $5.6M |
| Reduced | SELECT SECTOR SPDR TR (XLF) | Call | 75,000 | 4,000 | $116K |
| New | ISHARES TR (IWM) | Put | 0 | 8,000 | $1.57M |
| New | MICRON TECHNOLOGY INC (MU) | Call | 0 | 20,000 | $1.5M |
| New | ALIBABA GROUP HLDG LTD (BABA) | Call | 0 | 4,500 | $1.05M |
| New | OCCIDENTAL PETE CORP (OXY) | Call | 0 | 42,000 | $727K |