量化多策略Quant multi-strategy · famous

Citadel Advisors

城堡投资

公开持仓Public holdings

13F-RS 研究可用度13F-RS research usability 46.6 覆盖coverage 75% · 置信confidence B

结论先行Answer first

前五大占12.5%，最值得继续核验的动作是增持ISHARES TRTop five represent 12.5%; increase in ISHARES TR is the clearest next diligence lead

最大可见普通证券持仓为ISHARES TR（1.5%）；季度快照换手代理为38.8%，前十大延续率为100.0%。该机构归入“量化多策略”，13F只能解释公开的美国可报告证券多头。

The largest visible non-option holding is ISHARES TR (1.5%). The quarterly snapshot turnover proxy is 38.8%, and top-ten persistence is 100.0%. The manager is classified as Quant/multi-strategy; 13F covers only visible reportable U.S. long securities.

下一步Next diligence

把增持ISHARES TR作为研究线索，结合公司基本面、估值、催化剂及13D/G核验；不要直接跟单。

Treat the increase in ISHARES TR as a research lead and verify fundamentals, valuation, catalysts and any 13D/G filings; do not copy mechanically.

可见总值Visible value$875.10bn前期 2026-03-31: $618.47bn（仅作规模对照）Prior 2026-03-31: $618.47bn (scale context only)

经济持仓数Economic positions13,575按 CUSIP / 证券类型规范化normalized by CUSIP / security type

前五集中度Top-five concentration12.5%集中度不是能力评分concentration is not skill

季度换手代理Quarterly turnover proxy38.8%股数与同价漂移估算share / same-price-drift estimate

前十大延续Top-ten persistence100.0%与前季比较versus prior quarter

最新申报日Latest filing date2026-08-14报告期report date 2026-06-30

CIK · accession · accepted date

本季申报链Current filing chain

先展示 13F-NT 关系通知，再展示解析到的 13F-HR / HR-A。价值单位说明保留检测结果和归一化倍数。

Relationship notices appear before resolved 13F-HR / HR-A filings. Unit notes preserve the detection result and normalization multiplier.

法律申报人Legal filer	CIK	Form	Accession	申报日Filed	解析 / 单位说明Resolution / unit note
CITADEL ADVISORS LLC	CIK 0001423053	13F-HR	0001104659-26-097200	2026-08-14	usd_consistent_with_implied_prices

2026-03-31 → 2026-06-30

持仓与季度变化Holdings and quarterly change

前十大可见普通证券Top visible non-option holdings 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
ISHARES TRCORE S&P500 ETF · CUSIP 464287200	—	$13.24bn	1.51%	17,676,489	335.3%
AMAZON COM INCCOM · CUSIP 023135106	—	$2.59bn	0.30%	10,882,003	34.3%
NVIDIA CORPORATIONCOM · CUSIP 67066G104	—	$2.36bn	0.27%	11,815,467	-36.7%
APPLE INCCOM · CUSIP 037833100	—	$2.11bn	0.24%	7,296,076	39.9%
MICROSOFT CORPCOM · CUSIP 594918104	—	$1.41bn	0.16%	3,770,405	42.9%
ELECTRONIC ARTS INCCOM · CUSIP 285512109	—	$1.21bn	0.14%	5,906,884	103.0%
WARNER BROS DISCOVERY INCCOM SER A · CUSIP 934423104	—	$1.19bn	0.14%	44,587,810	51.8%
ELI LILLY & COCOM · CUSIP 532457108	—	$1.13bn	0.13%	945,456	291.1%
BROADCOM INCCOM · CUSIP 11135F101	—	$1.10bn	0.12%	2,901,715	-10.9%
ALPHABET INCCAP STK CL A · CUSIP 02079K305	—	$1.07bn	0.12%	2,990,581	5.3%

新建仓位New positions 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
SPACE EXPLORATION TECHN CORPCLASS A COM STK · CUSIP 84615Q103	—	$876.5m	0.10%	5,129,884	—
CEREBRAS SYSTEMS INCCOM CL A · CUSIP 15675D103	—	$275.8m	0.03%	1,248,170	—
MADISON AIR SOLUTIONS CORPCOM SHS CL A · CUSIP 55658T105	—	$251.5m	0.03%	6,448,221	—
QUANTINUUM INCCL A COM · CUSIP 74768A104	—	$188.0m	0.02%	2,299,997	—
ALPHABET INCDEP SHS RP1/20 B · CUSIP 02079K602	—	$177.9m	0.02%	3,550,000	—
HONEYWELL AEROSPACE INCCOM · CUSIP 43849R105	—	$155.8m	0.02%	704,545	—
HONEYWELL INTL INCCOM · CUSIP 438516205	—	$152.1m	0.02%	679,171	—
INNIO NVORDINARY SHARES · CUSIP N52A8C105	—	$149.7m	0.02%	3,784,191	—
ADVANCED ENERGY INDSCOM · CUSIP 007973100	—	$144.6m	0.02%	387,850	—
FIDELITY COVINGTON TRUSTENH MID COR ETF · CUSIP 31609A503	—	$118.7m	0.01%	2,926,269	—

增持仓位Added positions 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
ISHARES TRCORE S&P500 ETF · CUSIP 464287200	—	$13.24bn	1.51%	17,676,489	335.3%
ELI LILLY & COCOM · CUSIP 532457108	—	$1.13bn	0.13%	945,456	291.1%
ADVANCED MICRO DEVICES INCCOM · CUSIP 007903107	—	$929.1m	0.11%	1,599,430	154.9%
KLA CORPCOM NEW · CUSIP 482480100	—	$766.7m	0.09%	2,541,076	6,607.7%
SEAGATE TECHNOLOGY HLDNGS PLORD SHS · CUSIP G7997R103	—	$729.1m	0.08%	755,495	582.2%
ABBVIE INCCOM · CUSIP 00287Y109	—	$797.6m	0.09%	3,169,783	546.5%
MONDELEZ INTL INCCL A · CUSIP 609207105	—	$544.0m	0.06%	9,404,510	2,458.0%
TEXAS INSTRS INCCOM · CUSIP 882508104	—	$612.7m	0.07%	2,055,598	459.3%
ABBOTT LABORATORIESCOM · CUSIP 002824100	—	$780.1m	0.09%	8,597,227	348.7%
KEURIG DR PEPPER INCCOM · CUSIP 49271V100	—	$545.4m	0.06%	16,662,968	827.4%

减持仓位Reduced positions 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
NVIDIA CORPORATIONCOM · CUSIP 67066G104	—	$2.36bn	0.27%	11,815,467	-36.7%
STATE STR SPDR DOW JONES INDUT SER 1 · CUSIP 78467X109	—	$138.1m	0.02%	264,408	-92.1%
TAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS · CUSIP 874039100	—	$251.2m	0.03%	525,939	-87.0%
MICRON TECHNOLOGY INCCOM · CUSIP 595112103	—	$693.2m	0.08%	600,523	-86.9%
META PLATFORMS INCCL A · CUSIP 30303M102	—	$631.1m	0.07%	1,120,322	-38.8%
MARRIOTT INTL INC NEWCL A · CUSIP 571903202	—	$70.8m	0.01%	190,950	-89.1%
INTUITIVE SURGICAL INCCOM NEW · CUSIP 46120E602	—	$186.9m	0.02%	470,076	-65.3%
CARDINAL HEALTH INCCOM · CUSIP 14149Y108	—	$46.1m	0.01%	193,920	-91.7%
T-MOBILE US INCCOM · CUSIP 872590104	—	$114.4m	0.01%	682,089	-72.8%
ROSS STORES INCCOM · CUSIP 778296103	—	$67.3m	0.01%	316,244	-85.8%

退出仓位Exited positions 10

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
WESTERN DIGITAL CORPNOTE 3.000%11/1 · CUSIP 958102AT2	—	$696.7m	0.11%	97,265,000	-100.0%
ISHARES TR7-10 YR TRSY BD · CUSIP 464287440	—	$327.5m	0.05%	3,431,225	-100.0%
LIVE NATION ENTERTAINMENT INNOTE 3.125% 1/1 · CUSIP 538034BA6	—	$217.3m	0.04%	142,850,000	-100.0%
COTERRA ENERGY INCCOM · CUSIP 127097103	—	$216.4m	0.04%	6,158,585	-100.0%
CLEARWATER ANALYTICS HLDGS ICL A · CUSIP 185123106	—	$199.6m	0.03%	8,441,416	-100.0%
TERNS PHARMACEUTICALS INCCOM · CUSIP 880881107	—	$169.7m	0.03%	3,218,810	-100.0%
GLOBUS MED INCCL A · CUSIP 379577208	—	$169.4m	0.03%	1,966,114	-100.0%
PROTAGONIST THERAPEUTICS INCCOM · CUSIP 74366E102	—	$163.6m	0.03%	1,551,900	-100.0%
CARNIVAL CORPCOMMON STOCK · CUSIP 143658300	—	$121.4m	0.02%	4,692,458	-100.0%
HONEYWELL INTL INCCOM · CUSIP 438516106	—	$118.0m	0.02%	521,906	-100.0%

期权切片Options slice 10

Put/Call 股数是标的股数；13F 没有执行价、到期日、权利金或净方向。Put/call shares are underlying shares; 13F omits strike, expiry, premium and net direction.

证券Security	Put / Call	申报价值Filed value	权重Weight	股数 / 标的股数Shares / underlying shares	股数变化Share change
STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103	CALL	$35.66bn	4.08%	47,748,200	76.7%
INVESCO QQQ TRUNIT SER 1 · CUSIP 46090E103	PUT	$26.55bn	3.03%	36,059,900	1.3%
INVESCO QQQ TRUNIT SER 1 · CUSIP 46090E103	CALL	$23.49bn	2.68%	31,899,300	63.6%
STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103	PUT	$23.27bn	2.66%	31,154,800	-16.2%
MICRON TECHNOLOGY INCCOM · CUSIP 595112103	PUT	$22.25bn	2.54%	19,275,300	15.3%
MICRON TECHNOLOGY INCCOM · CUSIP 595112103	CALL	$16.34bn	1.87%	14,155,700	37.2%
TESLA INCCOM · CUSIP 88160R101	CALL	$13.70bn	1.56%	32,564,700	-10.5%
NVIDIA CORPORATIONCOM · CUSIP 67066G104	CALL	$12.19bn	1.39%	60,899,600	-8.9%
SANDISK CORPCOM · CUSIP 80004C200	PUT	$11.72bn	1.34%	5,155,949	109.4%
VANECK ETF TRUSTSEMICONDUCTR ETF · CUSIP 92189F676	PUT	$11.57bn	1.32%	17,637,400	284.4%

13F-RS-v1.0

评分拆解Score breakdown

完整方法Full methodology

维度Dimension	得分Score	比例Ratio
申报完整性Filing integrity	15.0 / 15	100%
实体映射Entity mapping	10.0 / 10	100%
策略适配度Strategy fit	5.2 / 15	35%
集中度信息密度Concentration signal	2.3 / 10	23%
高确信度可识别性Conviction identifiability	0.9 / 15	6%
延续性 / 换手Persistence / turnover	7.7 / 10	77%
申报时滞Filing lag	0.0 / 10	0%
不可见风险Opacity risk	5.5 / 10	55%
独立共识Independent consensus	0.0 / 5	0%

策略分类：量化多策略。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Quant multi-strategy. The score measures public-13F research usability, not future returns.

H（高确信度可识别性）当前以单仓≥2%为有限代理，尚未接入风格基准主动权重，因此该分项覆盖度只有50%。H (conviction identifiability) currently uses positions ≥2% as a limited proxy; style-benchmark active weights are not yet available, so this component has only 50% coverage.