Caxton Associates LP's Q4 2024 13F: 197 new positions, 233 exits

Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 14, 2025 · 475 reported positions · accession 0000872573-25-000004

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Increased AMAZON COM INC (AMZN) 13.0% 16.9% +3.9 pts +891K sh +58%
Increased TESLA INC (TSLA) 21.2% 27.1% +5.9 pts +332K sh +19%
New CENTENE CORP DEL (CNC) — 2.1% +2.1 pts +1.1M sh new
New BERKSHIRE HATHAWAY INC DEL (BRK-B) — 1.7% +1.7 pts +120K sh new
New INTUITIVE SURGICAL INC (ISRG) — 1.7% +1.7 pts +100K sh new
New ZILLOW GROUP INC (Z) — 1.6% +1.6 pts +700K sh new
Exited CATALENT INC (CTLT) 1.5% — −1.5 pts −525K sh −100%
Increased NETFLIX INC (NFLX) 0.5% 1.9% +1.3 pts +49,470 sh +307%
Increased CADENCE DESIGN SYSTEM INC (CDNS) 1.5% 2.5% +1.1 pts +146K sh +122%
New ANSYS INC (ANSS) — 1.3% +1.3 pts +120K sh new
New DISCOVER FINL SVCS (DFS) — 1.2% +1.2 pts +219K sh new
Reduced META PLATFORMS INC (META) 1.8% 0.1% −1.7 pts −62,738 sh −94%
New MONSTER BEVERAGE CORP NEW (MNST) — 1.0% +1.0 pts +602K sh new
Increased HASHICORP INC (HCP) 0.4% 1.2% +0.7 pts +804K sh +285%
Increased NVIDIA CORPORATION (NVDA) 1.1% 1.7% +0.6 pts +197K sh +101%
Increased ADVANCED MICRO DEVICES INC (AMD) 6.7% 4.2% −2.5 pts +200K sh +22%
New DEXCOM INC (DXCM) — 0.7% +0.7 pts +300K sh new
Reduced PAYPAL HLDGS INC (PYPL) 2.3% 1.1% −1.2 pts −241K sh −38%
Increased WORKDAY INC (WDAY) 0.6% 1.0% +0.4 pts +70,000 sh +127%
New SUNRISE COMMUNICATIONS AG (SNNRF)
new — newly listed security (e.g. spin-off)
 — 0.5% +0.5 pts +356K sh new
Exited SOUTHWESTERN ENERGY CO (SWN) 0.5% — −0.5 pts −1.49M sh −100%
Exited ALIBABA GROUP HLDG LTD (BABA) 0.5% — −0.5 pts −99,718 sh −100%
Exited STERICYCLE INC (SRCL) 0.5% — −0.5 pts −164K sh −100%
New UNITED AIRLS HLDGS INC (UAL) — 0.5% +0.5 pts +147K sh new
New QORVO INC (QRVO) — 0.4% +0.4 pts +200K sh new
Exited KRANESHARES TRUST (KWEB) 0.4% — −0.4 pts −286K sh −100%
Exited TARGA RES CORP (TRGP) 0.4% — −0.4 pts −64,773 sh −100%
Exited EASTMAN CHEM CO (EMN) 0.4% — −0.4 pts −83,636 sh −100%
Exited OCCIDENTAL PETE CORP (OXY) 0.4% — −0.4 pts −168K sh −100%
Increased FIRST SOLAR INC (FSLR) 0.0% 0.4% +0.4 pts +67,500 sh +2700%
New WILLIAMS COS INC (WMB) — 0.4% +0.4 pts +214K sh new
Exited ONEOK INC NEW (OKE) 0.4% — −0.4 pts −85,391 sh −100%
New ENTERGY CORP NEW (ETR) — 0.3% +0.3 pts +143K sh new
Reduced MICROSOFT CORP (MSFT) 1.1% 0.4% −0.7 pts −25,607 sh −44%
Exited NEWMONT CORP (NEM) 0.3% — −0.3 pts −140K sh −100%
New KINDER MORGAN INC DEL (KMI) — 0.3% +0.3 pts +375K sh new
Exited ANALOG DEVICES INC (ADI) 0.3% — −0.3 pts −30,499 sh −100%
New MARATHON PETE CORP (MPC) — 0.3% +0.3 pts +70,535 sh new
Exited SUNCOR ENERGY INC NEW (SU) 0.3% — −0.3 pts −183K sh −100%
New HALLIBURTON CO (HAL) — 0.3% +0.3 pts +328K sh new
New CHAMPIONX CORPORATION (CHX) — 0.3% +0.3 pts +301K sh new
New LIBERTY ENERGY INC (LBRT) — 0.2% +0.2 pts +381K sh new
Reduced TAIWAN SEMICONDUCTOR MFG LTD (TSM) 0.5% 0.1% −0.3 pts −37,214 sh −65%
Reduced CANADIAN NAT RES LTD (CNQ) 0.4% 0.0% −0.4 pts −232K sh −87%
Increased EXPAND ENERGY CORPORATION (EXE) 0.0% 0.2% +0.2 pts +62,862 sh +618%
Exited GUESS INC (GES) 0.2% — −0.2 pts −207K sh −100%
Increased NRG ENERGY INC (NRG) 0.0% 0.2% +0.2 pts +56,979 sh +1190%
New T-MOBILE US INC (TMUS) — 0.2% +0.2 pts +22,553 sh new
Exited LINCOLN NATL CORP IND (LNC) 0.2% — −0.2 pts −108K sh −100%
Exited ELI LILLY & CO (LLY) 0.1% — −0.1 pts −3,670 sh −100%

The 50 largest of 677 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:

  • ARISTA NETWORKS INC (ANET): 040413106 → 040413205, 42,678 → 171K shares (share count change consistent with a stock split)

Top 10 positions — 63.8% of the equity book

Changes in the top 10 this quarter: CNC entered · NFLX entered · BRK-B entered · NVDA entered · TECK left · PYPL left · META left · HES left

# Security Weight before Weight now
1 TESLA INC (TSLA) 21.2% 27.1%
2 AMAZON COM INC (AMZN) 13.0% 16.9%
3 ADVANCED MICRO DEVICES INC (AMD) 6.7% 4.2%
4 ADOBE INC (ADBE) 6.2% 3.7%
5 CADENCE DESIGN SYSTEM INC (CDNS) 1.5% 2.5%
6 CENTENE CORP DEL (CNC) 0.0% 2.1% Entered the top 10
7 BOSTON SCIENTIFIC CORP (BSX) 2.7% 2.0%
8 NETFLIX INC (NFLX) 0.5% 1.9% Entered the top 10
9 BERKSHIRE HATHAWAY INC DEL (BRK-B) 0.0% 1.7% Entered the top 10
10 NVIDIA CORPORATION (NVDA) 1.1% 1.7% Entered the top 10
— TECK RESOURCES LTD (TECK) 2.4% 1.3% Left the top 10
— PAYPAL HLDGS INC (PYPL) 2.3% 1.1% Left the top 10
— META PLATFORMS INC (META) 1.8% 0.1% Left the top 10
— HESS CORP (HES) 1.6% 1.0% 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
Exited TESLA INC (TSLA) Put 1.73M 0 $0
Increased ALBERTSONS COS INC (ACI) Call 1.5M 1.6M $31.4M
New UNITED STATES STL CORP NEW (X) Put 0 40,000 $1.36M