Eisler Capital Management Ltd.

LONDON, X0 · CIK 2055810 · 13F filing filed 2025-11-13

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.

Legal entityEISLER CAPITAL MANAGEMENT LTD (GB)

Others nearbyLondon

As an employer

In the UK

1 UK companies in the group; those with staff figures, a pay gap report, FCA authorisation or fund management as their business are listed.

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$4.5bn reported value +53.5% vs Q2 2025

376positions

83.4%in top 10

113 new 113 added 140 reduced 140 sold out vs Q2 2025

Options: 207 call positions ($3.8bn notional), 237 put positions ($14.4bn notional) – listed below, not included above.

This report includes the holdings of 3 other managers that share the investment decisions:

Eisler Capital (MT) Ltd – reports through this filing
Eisler Capital (UK) Ltd. – reports through this filing
Eisler Capital (US) LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q3 2025

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&P500 ETF IVV	IVV	4,963,000	$3.3bn74.04%	74.04%	Added +3.9m	+3,850,500 346.1%
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	425,308	$282.4m6.33%	6.33%	Added +324.0k	+324,036 320.0%
3	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	49,050	$29.3m0.66%	0.66%	Added +45.8k	+45,750 1386.4%
4	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	625,155	$19.3m0.43%	0.43%	Added +340.9k	+340,861 119.9%
5	AMAZON COM INC COM AMZN	AMZN	73,145	$16.0m0.36%	0.36%	Added +53.3k	+53,343 269.4%
6	PROCTER AND GAMBLE CO COM PG	PG	103,260	$15.9m0.36%	0.36%	Added +24.8k	+24,792 31.6%
7	ADOBE INC COM ADBE	ADBE	41,034	$14.8m0.33%	0.33%	Added +35.8k	+35,778 680.7%
8	MICROSOFT CORP COM MSFT	MSFT	27,714	$14.3m0.32%	0.32%	Added +27.7k	+27,689 110756.0%
9	SALESFORCE INC COM CRM	CRM	51,418	$12.2m0.27%	0.27%	Added +36.1k	+36,085 235.3%
10	PAYPAL HLDGS INC COM PYPL	PYPL	180,833	$12.0m0.27%	0.27%	Reduced -237.6k	-237,591 -56.8%
11	FERRARI N V COM RACE	RACE	22,728	$11.0m0.25%	0.25%	Added +14.5k	+14,508 176.5%
12	KBR INC COM KBR	KBR	208,276	$10.7m0.24%	0.24%	Added +145.9k	+145,880 233.8%
13	ISHARES TR 20 YR TR BD ETF TLT	TLT	114,459	$10.2m0.23%	0.23%	Added +111.2k	+111,220 3433.8%
14	CSX CORP COM CSX	CSX	275,858	$9.9m0.22%	0.22%	Added +195.1k	+195,118 241.7%
15	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	252,708	$9.7m0.22%	0.22%	Reduced -214.2k	-214,229 -45.9%
16	AGCO CORP COM AGCO	AGCO	90,327	$9.7m0.22%	0.22%	Reduced -64.6k	-64,595 -41.7%
17	ELI LILLY & CO COM LLY	LLY	12,676	$9.6m0.21%	0.21%	Added +3.6k	+3,596 39.6%
18	ISHARES INC MSCI JPN ETF NEW EWJ	EWJ	119,006	$9.5m0.21%	0.21%	New
19	AMETEK INC COM AME	AME	47,707	$9.1m0.20%	0.20%	Reduced -69.2k	-69,227 -59.2%
20	BARRICK MNG CORP COM SHS B	B	272,290	$9.0m0.20%	0.20%	Added +265.3k	+265,299 3794.9%
21	ALLY FINL INC COM ALLY	ALLY	228,339	$8.9m0.20%	0.20%	Reduced -339.9k	-339,905 -59.8%
22	PENTAIR PLC SHS PNR	PNR	79,654	$8.8m0.20%	0.20%	Reduced -79.7k	-79,681 -50.0%
23	ROSS STORES INC COM ROST	ROST	54,993	$8.2m0.18%	0.18%	Added +2.5k	+2,540 4.8%
24	CUMMINS INC COM CMI	CMI	19,269	$8.1m0.18%	0.18%	Added +17.0k	+17,007 751.9%
25	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	152,371	$8.1m0.18%	0.18%	Reduced -175.3k	-175,318 -53.5%
26	COCA COLA CO COM KO	KO	118,932	$7.9m0.18%	0.18%	Added +100.2k	+100,226 535.8%
27	MOELIS & CO CL A MC	MC	110,089	$7.8m0.18%	0.18%	New
28	INTERPUBLIC GROUP COS INC COM IPG	IPG	276,774	$7.7m0.17%	0.17%	New
29	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	25,242	$7.7m0.17%	0.17%	Reduced -37.9k	-37,948 -60.0%
30	SCHWAB CHARLES CORP COM SCHW	SCHW	83,256	$7.7m0.17%	0.17%	Reduced -158.4k	-158,393 -65.5%
31	3M CO COM MMM	MMM	49,137	$7.6m0.17%	0.17%	Reduced -92.3k	-92,303 -65.3%
32	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	16,951	$7.4m0.17%	0.17%	Added +14.6k	+14,580 614.9%
33	GENERAL DYNAMICS CORP COM GD	GD	21,769	$7.4m0.17%	0.17%	Reduced -60.6k	-60,606 -73.6%
34	NVENT ELECTRIC PLC SHS NVT	NVT	71,838	$7.1m0.16%	0.16%	Reduced -84.2k	-84,190 -54.0%
35	TARGET CORP COM TGT	TGT	79,109	$7.1m0.16%	0.16%	Reduced -1.8k	-1,763 -2.2%
36	EXXON MOBIL CORP COM XOM	XOM	61,867	$7.1m0.16%	0.16%	Reduced -44.2k	-44,219 -41.7%
37	COSTCO WHSL CORP NEW COM COST	COST	7,691	$7.1m0.16%	0.16%	Added +3.1k	+3,061 66.1%
38	XPO INC COM XPO	XPO	54,576	$7.1m0.16%	0.16%	Reduced -60.4k	-60,370 -52.5%
39	VERIZON COMMUNICATIONS INC COM VZ	VZ	160,527	$7.0m0.16%	0.16%	Added +115.0k	+115,017 252.7%
40	SERVICENOW INC COM NOW	NOW	7,400	$6.9m0.16%	0.16%	Added +2.2k	+2,208 42.5%
41	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	107,865	$6.8m0.15%	0.15%	Reduced -16.9k	-16,937 -13.6%
42	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	37,759	$6.8m0.15%	0.15%	Added +25.4k	+25,437 206.4%
43	TEXAS INSTRS INC COM TXN	TXN	36,132	$6.7m0.15%	0.15%	Added +35.9k	+35,910 16175.7%
44	VISA INC COM CL A V	V	19,513	$6.6m0.15%	0.15%	Added +8.2k	+8,248 73.2%
45	TRANE TECHNOLOGIES PLC SHS TT	TT	16,020	$6.6m0.15%	0.15%	New
46	UNION PAC CORP COM UNP	UNP	28,529	$6.6m0.15%	0.15%	Reduced -89.0k	-89,015 -75.7%
47	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	13,173	$6.6m0.15%	0.15%	Reduced -13.5k	-13,502 -50.6%
48	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	100,000	$6.5m0.14%	0.14%	Reduced -194.3k	-194,262 -66.0%
49	LENNOX INTL INC COM LII	LII	12,097	$6.4m0.14%	0.14%	Reduced -28.8k	-28,756 -70.4%
50	ADVANCED MICRO DEVICES INC COM AMD	AMD	39,476	$6.3m0.14%	0.14%	Reduced -32.4k	-32,400 -45.1%
51	UNITED PARCEL SERVICE INC CL B UPS	UPS	76,217	$6.3m0.14%	0.14%	Added +43.0k	+42,987 129.4%
52	CARLYLE GROUP INC COM CG	CG	100,000	$6.3m0.14%	0.14%	Reduced -287.2k	-287,187 -74.2%
53	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	25,625	$6.1m0.14%	0.14%	Added +6.4k	+6,384 33.2%
54	RTX CORPORATION COM RTX	RTX	38,395	$6.1m0.14%	0.14%	Reduced -71.8k	-71,790 -65.2%
55	CANADIAN IMPERIAL BANK OF CO COM CM	CM	75,300	$6.0m0.13%	0.13%	Reduced -213.8k	-213,800 -74.0%
56	FEDEX CORP COM FDX	FDX	25,512	$5.9m0.13%	0.13%	Reduced -7.3k	-7,347 -22.4%
57	KELLANOVA COM K	K	73,328	$5.8m0.13%	0.13%	Reduced -140.5k	-140,520 -65.7%
58	UNITEDHEALTH GROUP INC COM UNH	UNH	16,677	$5.8m0.13%	0.13%	Reduced -37.0k	-37,039 -69.0%
59	STELLANTIS N.V SHS STLA	STLA	576,989	$5.3m0.12%	0.12%	Reduced -1.1m	-1,084,169 -65.3%
60	OLLIES BARGAIN OUTLET HLDGS COM OLLI	OLLI	39,077	$5.3m0.12%	0.12%	New
61	JOHNSON CTLS INTL PLC SHS JCI	JCI	48,694	$5.2m0.12%	0.12%	Reduced -76.9k	-76,909 -61.2%
62	BARCLAYS PLC ADR BCS	BCS	250,000	$5.2m0.12%	0.12%	New
63	ROCKWELL AUTOMATION INC COM ROK	ROK	14,717	$5.1m0.12%	0.12%	New
64	NUCOR CORP COM NUE	NUE	37,872	$5.1m0.12%	0.12%	Added +29.4k	+29,394 346.7%
65	BOEING CO COM BA	BA	23,372	$5.1m0.11%	0.11%	Reduced -45.9k	-45,937 -66.3%
66	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	113,651	$5.0m0.11%	0.11%	Added +56.8k	+56,819 100.0%
67	HUNT J B TRANS SVCS INC COM JBHT	JBHT	37,434	$5.0m0.11%	0.11%	New
68	STARBUCKS CORP COM SBUX	SBUX	58,215	$5.0m0.11%	0.11%	Added +12.2k	+12,201 26.5%
69	OTIS WORLDWIDE CORP COM OTIS	OTIS	57,080	$5.0m0.11%	0.11%	New
70	SAIA INC COM SAIA	SAIA	16,752	$4.9m0.11%	0.11%	New
71	PINTEREST INC CL A PINS	PINS	150,536	$4.8m0.11%	0.11%	Added +56.3k	+56,308 59.8%
72	NETFLIX INC COM NFLX	NFLX	4,000	$4.8m0.11%	0.11%	Added +4.0k	+3,979 18947.6%
73	FREEPORT-MCMORAN INC CL B FCX	FCX	121,844	$4.7m0.11%	0.11%	Added +113.3k	+113,304 1326.7%
74	SPDR SER TR S&P REGL BKG KRE	KRE	73,082	$4.6m0.10%	0.10%	Added +60.4k	+60,377 475.2%
75	MARVELL TECHNOLOGY INC COM MRVL	MRVL	54,370	$4.5m0.10%	0.10%	Added +42.8k	+42,825 370.9%
76	DISNEY WALT CO COM DIS	DIS	39,447	$4.5m0.10%	0.10%	Added +39.4k	+39,415 123171.9%
77	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	350,137	$4.5m0.10%	0.10%	New
78	AIRBNB INC COM CL A ABNB	ABNB	36,615	$4.4m0.10%	0.10%	Added +23.5k	+23,507 179.3%
79	SCHLUMBERGER LTD COM STK SLB	SLB	119,529	$4.3m0.10%	0.10%	Added +13.3k	+13,294 12.5%
80	CONSTELLATION ENERGY CORP COM CEG	CEG	13,107	$4.2m0.10%	0.10%	New
81	WOODWARD INC COM WWD	WWD	16,087	$4.1m0.09%	0.09%	New
82	CAPITAL ONE FINL CORP COM COF	COF	17,619	$3.9m0.09%	0.09%	Reduced -57.6k	-57,636 -76.6%
83	INGERSOLL RAND INC COM IR	IR	47,520	$3.9m0.09%	0.09%	New
84	PHILIP MORRIS INTL INC COM PM	PM	23,966	$3.9m0.09%	0.09%	Added +21.3k	+21,345 814.4%
85	UNITED RENTALS INC COM URI	URI	4,059	$3.8m0.09%	0.09%	Reduced -14.0k	-13,991 -77.5%
86	BLACKSTONE INC COM BX	BX	21,565	$3.8m0.09%	0.09%	Reduced -21.3k	-21,285 -49.7%
87	LULULEMON ATHLETICA INC COM LULU	LULU	20,990	$3.8m0.08%	0.08%	Reduced -27.2k	-27,189 -56.4%
88	CBOE GLOBAL MKTS INC COM CBOE	CBOE	15,238	$3.7m0.08%	0.08%	Reduced -93.2k	-93,221 -86.0%
89	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	15,000	$3.7m0.08%	0.08%	New
90	MARRIOTT INTL INC NEW CL A MAR	MAR	13,954	$3.6m0.08%	0.08%	Added +4.0k	+3,990 40.0%
91	GENUINE PARTS CO COM GPC	GPC	25,955	$3.6m0.08%	0.08%	Added +25.5k	+25,491 5493.8%
92	INTEL CORP COM INTC	INTC	107,691	$3.6m0.08%	0.08%	Reduced -209.3k	-209,258 -66.0%
93	WORKDAY INC CL A WDAY	WDAY	14,591	$3.6m0.08%	0.08%	Added +2.1k	+2,119 17.0%
94	ULTA BEAUTY INC COM ULTA	ULTA	6,287	$3.5m0.08%	0.08%	Reduced -7.9k	-7,901 -55.7%
95	PROLOGIS INC. COM PLD	PLD	29,913	$3.4m0.08%	0.08%	Reduced -108.5k	-108,471 -78.4%
96	NORFOLK SOUTHN CORP COM NSC	NSC	11,364	$3.4m0.08%	0.08%	Reduced -59.4k	-59,426 -84.0%
97	TRANSDIGM GROUP INC COM TDG	TDG	2,670	$3.4m0.08%	0.08%	Reduced -16.7k	-16,660 -86.2%
98	PVH CORPORATION COM PVH	PVH	39,677	$3.4m0.08%	0.08%	New
99	SCOTTS MIRACLE-GRO CO CL A SMG	SMG	58,775	$3.3m0.07%	0.07%	Reduced -17.2k	-17,180 -22.6%
100	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	60,691	$3.3m0.07%	0.07%	Added +55.7k	+55,691 1113.8%

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
VANGUARD INDEX FDS VOO	VOO	170,841	$97.0m170.8k shares
HESS CORP HES	HES	325,357	$45.1m325.4k shares
CANADIAN NATL RY CO CNI	CNI	227,126	$23.6m227.1k shares
SYNCHRONY FINANCIAL SYF	SYF	340,958	$22.8m341.0k shares
GOLDMAN SACHS GROUP INC GS	GS	31,225	$22.1m31.2k shares
OLD DOMINION FREIGHT LINE IN ODFL	ODFL	132,667	$21.5m132.7k shares
GRAINGER W W INC GWW	GWW	19,743	$20.5m19.7k shares
EQUIFAX INC EFX	EFX	77,494	$20.1m77.5k shares
SKECHERS U S A INC SKX	SKX	276,748	$17.5m276.7k shares
KEYCORP KEY	KEY	965,830	$16.8m965.8k shares
HUBBELL INC HUBB	HUBB	40,974	$16.7m41.0k shares
STANDARDAERO INC SARO	SARO	500,694	$15.9m500.7k shares
PULTE GROUP INC PHM	PHM	149,862	$15.8m149.9k shares
LPL FINL HLDGS INC LPLA	LPLA	41,385	$15.5m41.4k shares
TOLL BROTHERS INC TOL	TOL	134,617	$15.4m134.6k shares
REGIONS FINANCIAL CORP NEW RF	RF	646,311	$15.2m646.3k shares
AUTOZONE INC AZO	AZO	3,746	$13.9m3.7k shares
DUN & BRADSTREET HLDGS INC DNB	DNB	1,473,667	$13.4m1.5m shares
JUNIPER NETWORKS INC JNPR	JNPR	330,440	$13.2m330.4k shares
ANSYS INC ANSS	ANSS	32,206	$11.3m32.2k shares
EXTRA SPACE STORAGE INC EXR	EXR	72,236	$10.7m72.2k shares
BLUEPRINT MEDICINES CORP BPMC	BPMC	78,198	$10.0m78.2k shares
WALGREENS BOOTS ALLIANCE INC WBA	WBA	836,248	$9.6m836.2k shares
TESLA INC TSLA	TSLA	29,475	$9.4m29.5k shares
PHILLIPS EDISON & CO INC PECO	PECO	253,932	$8.9m253.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
NVIDIA CORPORATION NVDA · Put	NVDA	Put	8,366,700	$1.6bn8.4m shares	Added
ISHARES TR IWM · Put	IWM	Put	5,831,700	$1.4bn5.8m shares	Added
INVESCO QQQ TR QQQ · Put	QQQ	Put	1,754,400	$1.0bn1.8m shares	Added
APPLE INC AAPL · Put	AAPL	Put	3,959,300	$1.0bn4.0m shares	Added
MICROSOFT CORP MSFT · Put	MSFT	Put	1,846,700	$950.6m1.8m shares	Added
META PLATFORMS INC META · Put	META	Put	561,800	$411.3m561.8k shares	Added
AMAZON COM INC AMZN · Put	AMZN	Put	1,872,500	$409.5m1.9m shares	Added
ALPHABET INC GOOGL · Put	GOOGL	Put	1,680,300	$407.1m1.7m shares	Added
INVESCO QQQ TR QQQ · Call	QQQ	Call	612,500	$366.3m612.5k shares	Added
TESLA INC TSLA · Put	TSLA	Put	818,600	$361.6m818.6k shares	Added
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	515,800	$342.5m515.8k shares	Added
BROADCOM INC AVGO · Put	AVGO	Put	897,000	$294.4m897.0k shares	Added
ISHARES TR IWM · Call	IWM	Call	1,171,600	$282.1m1.2m shares	Added
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	1,700,200	$273.5m1.7m shares	Reduced
NVIDIA CORPORATION NVDA · Call	NVDA	Call	1,415,100	$262.7m1.4m shares	Reduced
APPLE INC AAPL · Call	AAPL	Call	883,700	$224.0m883.7k shares	Reduced
JPMORGAN CHASE & CO JPM · Put	JPM	Put	639,800	$202.0m639.8k shares	Added
ALPHABET INC GOOG · Put	GOOG	Put	807,500	$197.4m807.5k shares	Added
MICROSOFT CORP MSFT · Call	MSFT	Call	359,000	$184.8m359.0k shares	Reduced
ISHARES TR TLT · Put	TLT	Put	2,000,000	$177.9m2.0m shares	New
BERKSHIRE HATHAWAY INC DEL BRK.B · Put	BRK.B	Put	355,900	$177.3m355.9k shares	Added
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	199,000	$132.1m199.0k shares	Reduced
UNITEDHEALTH GROUP INC UNH · Put	UNH	Put	359,800	$124.1m359.8k shares	Added
COSTCO WHSL CORP NEW COST · Put	COST	Put	130,900	$120.2m130.9k shares	Reduced
WALMART INC WMT · Put	WMT	Put	1,150,000	$118.5m1.1m shares	Added