# Cubist Systematic Strategies, LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1603465. Source: https://holderbook.com/funds/1603465-cubist-systematic-strategies-llc/

- Reported value: $21.0B
- Positions: 2,020
- Weight of the ten largest: 9.6%
- Filed: 2025-11-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $306.4M | 68,007 | 1.5% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $263.4M | 0 | 1.3% | 28 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $250.2M | 0 | 1.2% | 7 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $212.2M | 0 | 1.0% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $198.2M | 0 | 0.9% | 28 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $182.6M | 0 | 0.9% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $163.8M | 98,197 | 0.8% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $148.7M | 164,121 | 0.7% | 28 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $143.7M | 0 | 0.7% | 7 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $142.9M | 0 | 0.7% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $137.8M | 41,024 | 0.7% | 28 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $128.8M | 22,319 | 0.6% | 7 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $128.1M | 0 | 0.6% | 17 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $124.6M | 0 | 0.6% | 28 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $123.2M | 429,701 | 0.6% | 28 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $122.7M | 30,392 | 0.6% | 28 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $114.7M | 203,429 | 0.5% | 28 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $113.5M | 50,447 | 0.5% | 28 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $113.4M | 0 | 0.5% | 24 |
| MONGODB INC | [MDB](https://holderbook.com/stocks/MDB/) | $113.3M | 0 | 0.5% | 27 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $111.9M | 0 | 0.5% | 21 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $111.5M | 903,124 | 0.5% | 28 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $108.9M | 0 | 0.5% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $108.0M | 162,669 | 0.5% | 28 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $106.4M | 163,388 | 0.5% | 10 |
| SUPER MICRO COMPUTER INC | [SMCI](https://holderbook.com/stocks/SMCI/) | $106.0M | 0 | 0.5% | 4 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $105.1M | 0 | 0.5% | 28 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $104.6M | 7,246 | 0.5% | 7 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $103.2M | 282 | 0.5% | 19 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $102.6M | 0 | 0.5% | 7 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $101.7M | 0 | 0.5% | 7 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $98.7M | 0 | 0.5% | 28 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $98.6M | 0 | 0.5% | 26 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $97.6M | 0 | 0.5% | 28 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $97.1M | 8,100 | 0.5% | 27 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $94.7M | 275,277 | 0.5% | 7 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $94.7M | 0 | 0.5% | 10 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $94.1M | 0 | 0.4% | 26 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $89.5M | 15,391 | 0.4% | 28 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $89.2M | 0 | 0.4% | 28 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $88.2M | 0 | 0.4% | 7 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $87.6M | 0 | 0.4% | 18 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $87.2M | 0 | 0.4% | 26 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $86.2M | 0 | 0.4% | 28 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $85.0M | 122,766 | 0.4% | 28 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $83.5M | 0 | 0.4% | 28 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $83.2M | 0 | 0.4% | 17 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $82.3M | 85,479 | 0.4% | 28 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $81.8M | 43,718 | 0.4% | 4 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $81.7M | 0 | 0.4% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $81.2M | 0 | 0.4% | 26 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $79.6M | 0 | 0.4% | 15 |
| KRATOS DEFENSE & SEC SOLUTIO | [KTOS](https://holderbook.com/stocks/KTOS/) | $78.7M | 0 | 0.4% | 3 |
| FUTU HLDGS LTD | [FUTU](https://holderbook.com/stocks/FUTU/) | $77.4M | 0 | 0.4% | 4 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $76.3M | 473,486 | 0.4% | 20 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $74.7M | 0 | 0.4% | 17 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $73.4M | 0 | 0.3% | 27 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $73.2M | 488,105 | 0.3% | 7 |
| HIMS & HERS HEALTH INC | [HIMS](https://holderbook.com/stocks/HIMS/) | $71.1M | 0 | 0.3% | 19 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $71.0M | 6,164 | 0.3% | 28 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $70.8M | 13,889 | 0.3% | 28 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $70.0M | 0 | 0.3% | 4 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $69.8M | 192,356 | 0.3% | 28 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $69.7M | 0 | 0.3% | 20 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $69.3M | 0 | 0.3% | 6 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $68.8M | 0 | 0.3% | 26 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $66.3M | 0 | 0.3% | 23 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $65.5M | 0 | 0.3% | 28 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $65.0M | 0 | 0.3% | 4 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $64.1M | 559,428 | 0.3% | 28 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $64.0M | 222,048 | 0.3% | 25 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $63.0M | 0 | 0.3% | 22 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $62.5M | 0 | 0.3% | 6 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $62.4M | 0 | 0.3% | 7 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $62.2M | 1,937 | 0.3% | 28 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $62.1M | 2,366,205 | 0.3% | 5 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $61.9M | 0 | 0.3% | 28 |
| CENTRUS ENERGY CORP | [LEU](https://holderbook.com/stocks/LEU/) | $61.8M | 0 | 0.3% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $61.6M | 0 | 0.3% | 28 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $60.0M | 78,320 | 0.3% | 24 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $59.7M | 0 | 0.3% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $59.3M | 0 | 0.3% | 28 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $58.5M | 424,336 | 0.3% | 28 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $58.4M | 225,562 | 0.3% | 24 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $58.1M | 26,188 | 0.3% | 7 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $54.2M | 190,077 | 0.3% | 6 |
| BRINKER INTL INC | [EAT](https://holderbook.com/stocks/EAT/) | $53.0M | 371,270 | 0.3% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $52.7M | 0 | 0.3% | 28 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $52.4M | 0 | 0.2% | 6 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $51.9M | 79,264 | 0.2% | 5 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $51.8M | 0 | 0.2% | 28 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $51.8M | 362,970 | 0.2% | 2 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $51.5M | 0 | 0.2% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $51.1M | 0 | 0.2% | 28 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $50.6M | 0 | 0.2% | 27 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $49.1M | 623,982 | 0.2% | 28 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $49.0M | 0 | 0.2% | 28 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $48.1M | 96,030 | 0.2% | 28 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $47.3M | 914,398 | 0.2% | 28 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $46.5M | 0 | 0.2% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +7.0% | +7.8% | -0.8% | 74% |
| Q2 2025 | +9.4% | +10.5% | -1.0% | 75% |
| Q1 2025 | -4.4% | -4.6% | +0.2% | 63% |
| Q4 2024 | +3.6% | +2.1% | +1.5% | 68% |
| Q3 2024 | +7.8% | +5.4% | +2.4% | 65% |
| Q2 2024 | -2.3% | +4.0% | -6.4% | 62% |
| Q1 2024 | +8.8% | +10.0% | -1.2% | 65% |
| Q4 2023 | +13.6% | +11.2% | +2.4% | 68% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $21.0B | 2,020 |
| Q2 2025 | $21.8B | 1,979 |
| Q1 2025 | $16.5B | 1,890 |
| Q4 2024 | $16.0B | 1,964 |
| Q3 2024 | $16.3B | 1,955 |
| Q2 2024 | $14.7B | 1,915 |
| Q1 2024 | $17.6B | 2,476 |
| Q4 2023 | $15.4B | 2,398 |
| Q3 2023 | $13.5B | 2,191 |
| Q2 2023 | $15.1B | 2,388 |
| Q1 2023 | $16.4B | 2,860 |
| Q4 2022 | $17.1B | 3,235 |