Capula Management’s State Street Financial Select Sector SPDR ETF XLF Stock Holding History

Capula Management’s Portfolio XLF Stock Details XLF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-50,164	Closed	-$2.66M	–	913
2025 Q2	$2.63M	Buy	+50,164	New	+$2.48M	0.02%	108
2025 Q1	–	Sell	-513,211	Closed	-$24.8M	–	767
2024 Q4	$24.8M	Buy	+513,211	New	+$24.8M	0.14%	36
2024 Q2	–	Sell	-183,965	Closed	-$7.75M	–	687
2024 Q1	$7.75M	Sell	183,965 -182,537	-50%	-$7.21M	0.18%	32
2023 Q4	$13.8M	Buy	+366,502	New	+$12.7M	0.55%	18
2023 Q2	–	Sell	-120,680	Closed	-$3.88M	–	824
2023 Q1	$3.88M	Buy	+120,680	New	+$4.19M	0.05%	259
2022 Q4	–	Sell	-36,365	Closed	-$1.23M	–	925
2022 Q3	$1.1M	Sell	36,365 -192,514	-84%	-$6.36M	0.01%	393
2022 Q2	$7.2M	Sell	228,879 -271,987	-54%	-$9.4M	0.12%	169
2022 Q1	$19.2M	Buy	500,866 +333,735	+200%	+$13M	0.27%	83
2021 Q4	$6.53M	Buy	+167,131	New	+$6.57M	0.14%	85
2021 Q3	–	Sell	-41,472	Closed	-$1.55M	–	1087
2021 Q2	$1.52M	Sell	41,472 -279,140	-87%	-$10.2M	0.02%	326
2021 Q1	$10.9M	Buy	+320,612	New	+$10.3M	0.22%	120
2020 Q4	–	Sell	-16,000	Closed	-$428K	–	339
2020 Q3	$385K	Sell	16,000 -203,500	-93%	-$4.95M	0.05%	119
2020 Q2	$5.08M	Buy	+219,500	New	+$4.98M	0.18%	125
2019 Q1	–	Sell	-2,620,759	Closed	-$62.4M	–	13
2018 Q4	$62.4M	Buy	2,620,759 +267,879	+11%	+$6.96M	10.66%	3
2018 Q3	$64.9M	Buy	2,352,880 +317,504	+16%	+$8.88M	5.62%	4
2018 Q2	$54.1M	Buy	2,035,376 +1,976,387	+3,350%	+$54.5M	8.72%	4
2018 Q1	$1.63M	Buy	58,989 +58,734	+23,033%	+$1.69M	0.24%	8
2017 Q4	$7K	Sell	255 -309,999	-100%	-$8.34M	﹤0.01%	6
2017 Q3	$8.02M	Sell	310,254 -336,413	-52%	-$8.39M	1.67%	4
2017 Q2	$16M	Sell	646,667 -2,084,070	-76%	-$49.5M	3.96%	4
2017 Q1	$64.8M	Buy	2,730,737 +2,125,133	+351%	+$50.9M	10.52%	3
2016 Q4	$14.1M	Buy	+605,604	New	+$13M	7.63%	5

Other funds holding XLF

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Focus Partners Wealth Boston, Massachusetts $89.9B AUM 20.5% 1-Year Est. Return

Capula Management's XLF Position: Q3 2025 in Review

Capula Management sold out of State Street Financial Select Sector SPDR ETF (XLF) in Q3 2025, closing a stake of 50,164 shares — an estimated $2.66M sold.

Capula Management first reported a position in XLF in Q4 2016 and held it in 22 quarters. The position peaked at $64.9M in Q3 2018. 1,816 funds tracked by Wall St. Rank hold XLF as of Q3 2025.

Capula Management reported no remaining State Street Financial Select Sector SPDR ETF position as of Q3 2025 after selling out during the quarter.
Capula Management sold 50,164 State Street Financial Select Sector SPDR ETF shares in Q3 2025, an estimated $2.66M.
Capula Management first reported a position in State Street Financial Select Sector SPDR ETF in Q4 2016 and held it in 22 quarters.
Capula Management's State Street Financial Select Sector SPDR ETF position peaked at $64.9M in Q3 2018.
1,816 funds tracked by Wall St. Rank held State Street Financial Select Sector SPDR ETF as of Q3 2025.

Based on Capula Management's 13F filing for Q3 2025, filed 14 Nov 2025.