Cutler Group LLC / CA

SAN FRANCISCO, CA · CIK 1534270 · 13F filing filed 2024-04-19

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbySan Francisco, CA

$198.2m reported value -72.5% vs Q4 2023

898positions

22.9%in top 10

195 new 161 added 504 reduced 725 sold out vs Q4 2023

Options: 1085 call positions ($95.0m notional), 945 put positions ($14.2m notional) – listed below, not included above.

Holdings, Q1 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR CORE S&P TTL STK ITOT	ITOT	73,794	$8.5m4.29%	4.29%	Added +20.9k	+20,868 39.4%
2	ISHARES TR S&P 500 GRWT ETF IVW	IVW	93,001	$7.9m3.96%	3.96%	New
3	MADRIGAL PHARMACEUTICALS INC COM MDGL	MDGL	15,800	$4.2m2.13%	2.13%	Added +2.3k	+2,300 17.0%
4	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	64,265	$4.2m2.13%	2.13%	New
5	DIREXION SHS ETF TR DLY SCOND 3XBU SOXL	SOXL	86,400	$4.0m2.03%	2.03%	Reduced -8.3k	-8,293 -8.8%
6	NVIDIA CORPORATION COM NVDA	NVDA	4,045	$3.7m1.84%	1.84%	Reduced -16.6k	-16,642 -80.5%
7	ISHARES TR ISHARES SEMICDTR SOXX	SOXX	15,533	$3.5m1.77%	1.77%	Added +5.4k	+5,375 52.9%
8	SPDR GOLD TR GOLD SHS GLD	GLD	15,523	$3.2m1.61%	1.61%	Reduced -37.4k	-37,392 -70.7%
9	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	6,000	$3.1m1.58%	1.58%	Reduced -49.1k	-49,057 -89.1%
10	ISHARES TR RUSSELL 2000 ETF IWM	IWM	14,404	$3.0m1.53%	1.53%	Reduced -82.1k	-82,072 -85.1%
11	SELECT SECTOR SPDR TR ENERGY XLE	XLE	31,857	$3.0m1.52%	1.52%	Reduced -3.8k	-3,834 -10.7%
12	PROSHARES TR PSHS ULTRA QQQ QLD	QLD	33,461	$2.9m1.48%	1.48%	Added +27.9k	+27,861 497.5%
13	DISNEY WALT CO COM DIS	DIS	22,887	$2.8m1.41%	1.41%	Reduced -53.4k	-53,395 -70.0%
14	SPDR SER TR S&P REGL BKG KRE	KRE	49,290	$2.5m1.25%	1.25%	Added +28.6k	+28,561 137.8%
15	ISHARES TR RUS 1000 ETF IWB	IWB	8,567	$2.5m1.24%	1.24%	Reduced -8.1k	-8,050 -48.4%
16	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	76,532	$2.4m1.22%	1.22%	Reduced -163.5k	-163,465 -68.1%
17	AMERICAN ELEC PWR CO INC COM AEP	AEP	26,031	$2.2m1.13%	1.13%	Added +2.1k	+2,086 8.7%
18	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	14,113	$2.1m1.05%	1.05%	Added +13.6k	+13,637 2864.9%
19	GENERAL MLS INC COM GIS	GIS	27,490	$1.9m0.97%	0.97%	Reduced -2.0k	-1,980 -6.7%
20	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	14,033	$1.9m0.96%	0.96%	Reduced -63.3k	-63,327 -81.9%
21	WILLIAMS SONOMA INC COM WSM	WSM	5,997	$1.9m0.96%	0.96%	Reduced -11.5k	-11,489 -65.7%
22	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	21,450	$1.8m0.88%	0.88%	New
23	ARM HOLDINGS PLC SPONSORED ADS ARM	ARM	13,838	$1.7m0.87%	0.87%	Added +2.1k	+2,121 18.1%
24	BOEING CO COM BA	BA	8,856	$1.7m0.86%	0.86%	Reduced -27.8k	-27,762 -75.8%
25	MICROSOFT CORP COM MSFT	MSFT	4,030	$1.7m0.86%	0.86%	Added +1.7k	+1,708 73.6%
26	ISHARES TR RUS 2000 GRW ETF IWO	IWO	6,153	$1.7m0.84%	0.84%	Added +4.4k	+4,373 245.7%
27	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	7,460	$1.6m0.80%	0.80%	Reduced -100	-100 -1.3%
28	PROSHARES TR PSHS ULTRUSS2000 UWM	UWM	38,682	$1.6m0.80%	0.80%	Added +18.4k	+18,370 90.4%
29	PROSHARES TR PSHS ULT S&P 500 SSO	SSO	19,416	$1.5m0.76%	0.76%	Reduced -33.5k	-33,455 -63.3%
30	UNITED RENTALS INC COM URI	URI	2,078	$1.5m0.76%	0.76%	Reduced -933	-933 -31.0%
31	EATON CORP PLC SHS ETN	ETN	4,676	$1.5m0.74%	0.74%	Reduced -1.1k	-1,067 -18.6%
32	AIRBNB INC COM CL A ABNB	ABNB	8,824	$1.5m0.73%	0.73%	Reduced -7.6k	-7,627 -46.4%
33	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	19,897	$1.4m0.73%	0.73%	Reduced -80.9k	-80,946 -80.3%
34	CISCO SYS INC COM CSCO	CSCO	28,683	$1.4m0.72%	0.72%	Added +1.9k	+1,851 6.9%
35	ISHARES TR CORE S&P SCP ETF IJR	IJR	12,900	$1.4m0.72%	0.72%	Added +11.5k	+11,460 795.8%
36	SUPER MICRO COMPUTER INC COM COM		1,378	$1.4m0.70%	0.70%	Reduced -4.4k	-4,446 -76.3%
37	SELECT SECTOR SPDR TR SBI CONS DISCR XLY	XLY	7,248	$1.3m0.67%	0.67%	Reduced -48.2k	-48,241 -86.9%
38	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	4,121	$1.3m0.67%	0.67%	Added +59	+59 1.4%
39	VANGUARD INDEX FDS MID CAP ETF VO	VO	5,218	$1.3m0.66%	0.66%	New
40	COLGATE PALMOLIVE CO COM CL	CL	14,216	$1.3m0.65%	0.65%	Reduced -44.7k	-44,683 -75.9%
41	GRANITESHARES ETF TR 2X LONG COIN DAI CONL	CONL	16,400	$1.3m0.63%	0.63%	New
42	ABERCROMBIE & FITCH CO CL A ANF	ANF	10,023	$1.3m0.63%	0.63%	Added +7.3k	+7,323 271.2%
43	FIRST SOLAR INC COM FSLR	FSLR	6,988	$1.2m0.59%	0.59%	Reduced -26.6k	-26,613 -79.2%
44	DIREXION SHS ETF TR DLY SMCAP BULL3X TNA	TNA	27,331	$1.2m0.59%	0.59%	Reduced -109.7k	-109,720 -80.1%
45	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	14,695	$1.1m0.57%	0.57%	Reduced -40.7k	-40,666 -73.5%
46	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	5,377	$1.1m0.56%	0.56%	Reduced -4.8k	-4,785 -47.1%
47	UNITED STATES STL CORP NEW COM X	X	26,982	$1.1m0.56%	0.56%	Added +26.9k	+26,882 26882.0%
48	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	14,001	$1.1m0.54%	0.54%	Reduced -26.5k	-26,466 -65.4%
49	VANGUARD WORLD FD EXTENDED DUR EDV	EDV	13,900	$1.1m0.54%	0.54%	Reduced -10.1k	-10,110 -42.1%
50	ISHARES TR S&P 100 ETF OEF	OEF	4,200	$1.0m0.52%	0.52%	Added +3.7k	+3,700 740.0%
51	MICROSTRATEGY INC CL A NEW MSTR	MSTR	606	$1.0m0.52%	0.52%	Reduced -4.5k	-4,521 -88.2%
52	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	5,647	$1.0m0.52%	0.52%	New
53	AMERICAN TOWER CORP NEW COM AMT	AMT	5,105	$1.0m0.51%	0.51%	Added +666	+666 15.0%
54	PROSHARES TR ULTRAPRO QQQ TQQQ	TQQQ	15,081	$928.0k0.47%	0.47%	Reduced -147.8k	-147,778 -90.7%
55	SAREPTA THERAPEUTICS INC COM SRPT	SRPT	6,900	$893.0k0.45%	0.45%	Reduced -11.6k	-11,634 -62.8%
56	ISHARES TR MSCI EMG MKT ETF EEM	EEM	21,615	$887.0k0.45%	0.45%	Reduced -30.0k	-29,989 -58.1%
57	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	3,072	$880.0k0.44%	0.44%	New
58	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	3,262	$860.0k0.43%	0.43%	Reduced -4.3k	-4,348 -57.1%
59	VISA INC COM CL A V	V	3,000	$837.0k0.42%	0.42%	Reduced -628	-628 -17.3%
60	SALESFORCE INC COM CRM	CRM	2,734	$823.0k0.42%	0.42%	Reduced -1.2k	-1,222 -30.9%
61	ZSCALER INC COM ZS	ZS	4,245	$817.0k0.41%	0.41%	Added +2.8k	+2,806 195.0%
62	ISHARES TR U.S. REAL ES ETF IYR	IYR	9,057	$814.0k0.41%	0.41%	Reduced -15.6k	-15,587 -63.2%
63	ETF OPPORTUNITIES TRUST T REX 2X LONG NVDX	NVDX	8,050	$811.0k0.41%	0.41%	New
64	VOLATILITY SHS TR 2X BITCOIN STRAT BITX	BITX	15,080	$803.0k0.41%	0.41%	Added +9.6k	+9,572 173.8%
65	WESTERN DIGITAL CORP COM WDC	WDC	11,777	$803.0k0.41%	0.41%	Added +8.6k	+8,563 266.4%
66	ISHARES TR RUSSELL 3000 ETF IWV	IWV	2,600	$780.0k0.39%	0.39%	Added +100	+100 4.0%
67	NEWMONT CORP COM NEM	NEM	21,643	$775.0k0.39%	0.39%	Reduced -43.8k	-43,818 -66.9%
68	SNAP INC CL A SNAP	SNAP	67,460	$774.0k0.39%	0.39%	Added +23.4k	+23,392 53.1%
69	PINTEREST INC CL A PINS	PINS	21,961	$761.0k0.38%	0.38%	Reduced -36.8k	-36,805 -62.6%
70	CARNIVAL CORP UNIT 99/99/9999 UNIT 99/99/9999		46,556	$760.0k0.38%	0.38%	Reduced -41.8k	-41,820 -47.3%
71	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	18,954	$734.0k0.37%	0.37%	Reduced -64.9k	-64,922 -77.4%
72	SEA LTD SPONSORD ADS SE	SE	13,529	$726.0k0.37%	0.37%	Reduced -2.8k	-2,816 -17.2%
73	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	8,200	$709.0k0.36%	0.36%	Added +8.2k	+8,155 18122.2%
74	PROSHARES TR ULTR RUSSL2000 URTY	URTY	13,846	$699.0k0.35%	0.35%	Added +4.1k	+4,084 41.8%
75	FORD MTR CO COM F	F	52,367	$695.0k0.35%	0.35%	Reduced -471.9k	-471,947 -90.0%
76	ISHARES TR 7-10 YR TRSY BD IEF	IEF	7,338	$694.0k0.35%	0.35%	Reduced -7.9k	-7,856 -51.7%
77	ISHARES TR CORE S&P500 ETF IVV	IVV	1,300	$683.0k0.34%	0.34%	New
78	ENPHASE ENERGY INC COM ENPH	ENPH	5,556	$672.0k0.34%	0.34%	Reduced -79.8k	-79,753 -93.5%
79	ARK ETF TR INNOVATION ETF ARKK	ARKK	12,843	$643.0k0.32%	0.32%	Reduced -1.5k	-1,538 -10.7%
80	J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM JEPQ	JEPQ	11,600	$629.0k0.32%	0.32%	Added +5.0k	+5,028 76.5%
81	TARGET CORP COM TGT	TGT	3,498	$619.0k0.31%	0.31%	New
82	SPIRIT AEROSYSTEMS HLDGS INC COM CL A SPR	SPR	16,979	$612.0k0.31%	0.31%	Reduced -20.9k	-20,928 -55.2%
83	BLOCK INC CL A XYZ	XYZ	7,209	$609.0k0.31%	0.31%	Reduced -63.0k	-62,975 -89.7%
84	PIMCO ETF TR 25YR+ ZERO U S ZROZ	ZROZ	7,413	$587.0k0.30%	0.30%	Reduced -2.5k	-2,477 -25.1%
85	GLOBAL X FDS GLOBAL X URANIUM URA	URA	20,190	$582.0k0.29%	0.29%	Added +15.7k	+15,747 354.4%
86	ISHARES TR RUS 1000 VAL ETF IWD	IWD	3,200	$573.0k0.29%	0.29%	Added +3.0k	+3,000 1500.0%
87	ISHARES TR 20 YR TR BD ETF TLT	TLT	6,006	$568.0k0.29%	0.29%	Reduced -264.1k	-264,092 -97.8%
88	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	23,477	$540.0k0.27%	0.27%	Reduced -330.8k	-330,829 -93.4%
89	COINBASE GLOBAL INC COM CL A COIN	COIN	1,982	$525.0k0.26%	0.26%	Reduced -13.2k	-13,160 -86.9%
90	DOLLAR TREE INC COM DLTR	DLTR	3,945	$525.0k0.26%	0.26%	Added +3.7k	+3,748 1902.5%
91	UBER TECHNOLOGIES INC COM UBER	UBER	6,675	$513.0k0.26%	0.26%	Reduced -48.5k	-48,536 -87.9%
92	NEXTERA ENERGY INC COM NEE	NEE	7,950	$508.0k0.26%	0.26%	Reduced -42.4k	-42,354 -84.2%
93	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	11,907	$501.0k0.25%	0.25%	New
94	PALO ALTO NETWORKS INC COM PANW	PANW	1,734	$492.0k0.25%	0.25%	New
95	WORKDAY INC CL A WDAY	WDAY	1,800	$490.0k0.25%	0.25%	Added +1.8k	+1,789 16263.6%
96	META PLATFORMS INC CL A META	META	1,000	$485.0k0.24%	0.24%	Reduced -7.2k	-7,200 -87.8%
97	UNITED AIRLS HLDGS INC COM UAL	UAL	9,742	$466.0k0.24%	0.24%	Reduced -20.9k	-20,862 -68.2%
98	ZOOM COMMUNICATIONS INC CL A ZM	ZM	7,107	$464.0k0.23%	0.23%	New
99	NIO INC SPON ADS NIO	NIO	102,538	$461.0k0.23%	0.23%	Added +470	+470 0.5%
100	COHERENT CORP COM COHR	COHR	7,585	$459.0k0.23%	0.23%	Added +5.2k	+5,239 223.3%

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
ISHARES TR HYG	HYG	229,871	$17.8m229.9k shares
ORACLE CORP ORCL	ORCL	123,010	$13.0m123.0k shares
ADVANCED MICRO DEVICES INC AMD	AMD	51,000	$7.5m51.0k shares
JPMORGAN CHASE & CO JPM	JPM	40,158	$6.8m40.2k shares
ISHARES TR IGV	IGV	73,250	$5.9m73.2k shares
SPDR SER TR XBI	XBI	62,433	$5.6m62.4k shares
NXP SEMICONDUCTORS N V NXPI	NXPI	18,518	$4.3m18.5k shares
INVESCO QQQ TR QQQ	QQQ	10,387	$4.3m10.4k shares
CHEVRON CORP NEW CVX	CVX	25,758	$3.8m25.8k shares
VANECK ETF TRUST SMH	SMH	19,009	$3.3m19.0k shares
T-MOBILE US INC TMUS	TMUS	19,420	$3.1m19.4k shares
VERIZON COMMUNICATIONS INC VZ	VZ	80,870	$3.0m80.9k shares
MARRIOTT INTL INC NEW MAR	MAR	12,968	$2.9m13.0k shares
CONOCOPHILLIPS COP	COP	24,792	$2.9m24.8k shares
EXELON CORP EXC	EXC	70,533	$2.5m70.5k shares
ROKU INC ROKU	ROKU	26,962	$2.5m27.0k shares
GE AEROSPACE GE	GE	17,803	$2.3m17.8k shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	18,889	$1.8m18.9k shares
QUALCOMM INC QCOM	QCOM	12,167	$1.8m12.2k shares
NETFLIX INC NFLX	NFLX	3,564	$1.7m3.6k shares
SCHLUMBERGER LTD SLB	SLB	32,570	$1.7m32.6k shares
ISHARES GOLD TR IAU	IAU	42,572	$1.7m42.6k shares
HESS CORP HES	HES	10,579	$1.5m10.6k shares
ALCOA CORP AA	AA	44,354	$1.5m44.4k shares
BP PLC BP	BP	41,551	$1.5m41.6k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR DOW JONES INDL AVERAGE DIA · Call	DIA	Call	65,000	$6.5m65.0k shares	Reduced
INVESCO QQQ TR QQQ · Call	QQQ	Call	45,400	$5.5m45.4k shares	Reduced
ADVANCED MICRO DEVICES INC AMD · Call	AMD	Call	28,700	$4.3m28.7k shares	Reduced
DOORDASH INC DASH · Call	DASH	Call	72,000	$4.1m72.0k shares	Reduced
MICROSTRATEGY INC MSTR · Call	MSTR	Call	3,000	$4.0m3.0k shares	Reduced
COINBASE GLOBAL INC COIN · Call	COIN	Call	38,400	$3.5m38.4k shares	Reduced
MICROSOFT CORP MSFT · Call	MSFT	Call	15,200	$1.6m15.2k shares	Reduced
ARM HOLDINGS PLC ARM · Call	ARM	Call	26,100	$1.6m26.1k shares	Reduced
SELECT SECTOR SPDR TR XLK · Call	XLK	Call	20,800	$1.5m20.8k shares	Reduced
NVIDIA CORPORATION NVDA · Call	NVDA	Call	7,900	$1.4m7.9k shares	Reduced
SELECT SECTOR SPDR TR XLI · Call	XLI	Call	58,400	$1.4m58.4k shares	Reduced
NETFLIX INC NFLX · Call	NFLX	Call	3,600	$1.2m3.6k shares	Reduced
PROSHARES TR TQQQ · Call	TQQQ	Call	107,000	$1.2m107.0k shares	Reduced
CARVANA CO CVNA · Call	CVNA	Call	20,600	$1.2m20.6k shares	Reduced
ISHARES TR ITB · Call	ITB	Call	27,100	$1.2m27.1k shares	Reduced
JPMORGAN CHASE & CO JPM · Call	JPM	Call	16,800	$1.1m16.8k shares	Reduced
COLGATE PALMOLIVE CO CL · Call	CL	Call	77,000	$1.1m77.0k shares	Reduced
MADRIGAL PHARMACEUTICALS INC MDGL · Call	MDGL	Call	36,900	$1.1m36.9k shares	Reduced
ISHARES TR IWM · Call	IWM	Call	39,500	$1.1m39.5k shares	Reduced
VANECK ETF TRUST SMH · Call	SMH	Call	76,600	$1.0m76.6k shares	Added
PBF ENERGY INC PBF · Call	PBF	Call	25,500	$958.0k25.5k shares	Reduced
MICRON TECHNOLOGY INC MU · Call	MU	Call	15,000	$921.0k15.0k shares	Reduced
MARATHON PETE CORP MPC · Call	MPC	Call	16,300	$874.0k16.3k shares	Reduced
ORACLE CORP ORCL · Call	ORCL	Call	18,000	$834.0k18.0k shares	Reduced
SELECT SECTOR SPDR TR XLY · Call	XLY	Call	29,600	$765.0k29.6k shares	Reduced