Fund · Simplify Managed Futures Strategy ETF · measured from SEC filings
CTA holdings
CTA reports 54 holdings and behaves like 1.6 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-06-30. The fact sheet publishes the first number; this page computes the second, and traces it across 18 quarters of filings.
Measured concentration
as of 2026-06-30This figure is not comparable with other funds
swap and futures notional is 493% of net assets: the fund's exposure is delivered by derivatives, and a count of its filed positions does not describe it. See the exposure section for what the notional is written on
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 100% at a quoted market price (level 1), 4 issuer countries.
What stands out
as of 2026-06-30The largest line in CTA's filing is not a stock but Simplify Government Money Market ETF, a equity position at 79.03% of net assets. Between the 2026-03-31 and 2026-06-30 filings 27 positions were added and 30 dropped; 56.9% of the weight moved.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2022
18| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-06-30 * | 54 | 1.6 | 98.12% | 77.95% |
| 2026-03-31 * | 79 | 3 | 96.26% | 41.83% |
| 2025-12-31 * | 75 | 1.4 | 98.11% | 85.76% |
| 2025-09-30 * | 53 | 2.6 | 99.35% | 50.34% |
| 2025-06-30 * | 30 | 4.4 | 99.58% | 34.23% |
| 2025-03-31 * | 54 | 4.7 | 99.36% | 26.66% |
| 2024-12-31 * | 50 | 3.3 | 98.98% | 44.22% |
| 2024-09-30 * | 50 | 2.1 | 99.01% | 56.54% |
Earlier filings (10 more, back to 2022-03-31)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-06-28 * | 31 | 1.3 | 99.5% | 88.48% |
| 2024-03-28 * | 30 | 1.3 | 99.19% | 88.28% |
| 2023-12-29 * | 22 | 1.7 | 99.61% | 73.3% |
| 2023-09-29 * | 43 | 2.2 | 97.58% | 64.06% |
| 2023-06-30 * | 33 | 3.1 | 98.69% | 42.37% |
| 2023-03-31 * | 28 | 2.9 | 99.64% | 43.05% |
| 2022-12-30 * | 28 | 3.6 | 98.28% | 37.81% |
| 2022-09-30 * | 29 | 4.4 | 99.11% | 32.97% |
| 2022-06-30 * | 35 | 2.5 | 97.47% | 57.84% |
| 2022-03-31 * | 12 | 7.5 | 98.1% | 18.79% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
Compared with, in the essays
1Overlap with other funds
1Measured against every other fund on this site, from the same filings. Combined effective holdings is how the pair behaves held in equal size.
| With | Overlap | Shared | Combined effective |
|---|---|---|---|
| CTA vs DBMF | 0% | 0 | 3.8 |
Largest positions, as filed
as of 2026-06-30The 15 largest of 54 positions in CTA's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: CTA.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | SIMPLIFY EXCHANGE TRADED FUNDS | 77.95% | 78.0% |
| 2 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 3.55% | 81.5% |
| 3 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 3.29% | 84.8% |
| 4 | DREYFUS TRSY OBLIG CASH M | 2.77% | 87.6% |
| 5 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.63% | 90.2% |
| 6 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.62% | 92.8% |
| 7 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.10% | 94.9% |
| 8 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.31% | 96.2% |
| 9 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.02% | 97.2% |
| 10 | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 0.88% | 98.1% |
| 11 | CHICAGO MERCANTILE EXCHANGE | 0.49% | 98.6% |
| 12 | ICE FUTURES U.S. | 0.38% | 99.0% |
| 13 | MONTREAL EXCHANGE INC. | 0.35% | 99.4% |
| 14 | ICE FUTURES EUROPE | 0.21% | 99.6% |
| 15 | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.14% | 99.7% |
By country of issuer
as of 2026-06-30Share of CTA's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 99.32% |
| Canada | 0.35% |
| United Kingdom | 0.25% |
| France | 0.07% |
Returns the fund reported
2022-03 – 2026-06Monthly total returns from Item B.5 of CTA's own filings, 52 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: CTA.json · all funds.
Since the previous filing
2026-03-31 → 2026-06-3037 positions became 34: 27 added (18.1% of the fund at the later date), 30 dropped (53.8% at the earlier date). Half the sum of all weight changes, a turnover proxy: 56.9%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of CTA compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-03-31 | 2026-06-30 | Largest decreases | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| SIMPLIFY EXCHANGE TRADED FUNDS | 41.83% | 77.95% | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 3.68% | 1.02% |
| DREYFUS TRSY OBLIG CASH M | 0.07% | 2.77% | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.57% | 0.10% |
| EURONEXT PARIS SA | 0.03% | 0.06% | EURONEXT PARIS SA | 0.07% | 0.01% |
| ICE FUTURES EUROPE | 0.00% | 0.03% |
New: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (3.55%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (3.29%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (2.63%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (2.62%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (2.10%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (1.31%). Gone: United States Treasury Bills (39.15%), United States Treasury Bills (2.79%), United States Treasury Bills (2.14%), United States Treasury Bills (2.03%), United States Treasury Bills (1.41%), United States Treasury Bills (1.24%).
Asset categories and pricing
as of 2026-06-30| Asset category (as filed) | Share of investments |
|---|---|
| equity EC | 77.95% |
| debt DBT | 17.47% |
| short-term investment STIV | 2.77% |
| DCO DCO | 1.12% |
| DIR DIR | 0.69% |
100.0% of CTA is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-06-30A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $1.49B. Notional of an interest-rate or currency swap is not equity exposure.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of CTA (1.6). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| IWMI NEOS Russell 2000(R) High Income ETF | 2 | 1 | 100% | 2026-06-30 |
| HYGH iShares Interest Rate Hedged High Yield Bond ETF | 180 | 1.1 * | 98.72% | 2026-07-31 |
| AGGH Simplify Aggregate Bond ETF | 5 | 1.1 | 100% | 2026-06-30 |
| HEGD Swan Hedged Equity US Large Cap ETF | 9 | 1.2 | 100% | 2026-05-31 |
| TUA Simplify Short Term Treasury Futures Strategy ETF | 7 | 1.3 * | 100% | 2026-06-30 |
| TMF Direxion Daily 20+ Year Treasury Bull 3X Shares | 5 | 2 * | 100% | 2026-07-31 |
| BNDW Vanguard Total World Bond ETF | 3 | 2 | 100% | 2026-05-31 |
| TNA Direxion Daily Small Cap Bull 3X Shares | 11 | 2.2 * | 99.16% | 2026-07-31 |
| BLUX Bluemonte Dynamic Total Market ETF | 4 | 2.8 | 100% | 2026-07-31 |
| BUFQ FT Vest Laddered Nasdaq Buffer ETF | 5 | 4 | 100% | 2026-05-31 |
Essays that examine CTA
3-
The Real Cost of Tail-Risk Hedging: Put Options vs Cash vs Trend Following
Protective puts pay off precisely when you need them, but the continuously rolled premium is a persistent drag — the academic estimate is a few percent per...
-
DBMF vs CTA: Two Managed-Futures Trend Funds — How They Pick Trends Differently
DBMF replicates a basket of trend-following hedge funds using regression; CTA runs its own multi-model trend engine layered on a Treasury collateral base....
-
DBMF Deep Dive: How AI-Managed Futures Pick Trends Without Forecasting
DBMF doesn't forecast markets. It reverse-engineers the factor positioning of the top managed-futures hedge funds from their reported returns and replicates...
Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.