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	-100,000	Closed	-$5.24M	–	914
2025 Q2	$5.24M	Buy	+100,000	New	+$4.95M	0.05%	68
2025 Q1	–	Sell	-1,100,000	Closed	-$53.2M	–	768
2024 Q4	$53.2M	Buy	+1,100,000	New	+$53.2M	0.31%	29
2023 Q2	–	Sell	-1,710,000	Closed	-$55M	–	825
2023 Q1	$55M	Sell	1,710,000 -648,000	-27%	-$22.5M	0.66%	30
2022 Q4	$80.6M	Buy	2,358,000 +2,173,800	+1,180%	+$73.5M	1.09%	13
2022 Q3	$5.59M	Sell	184,200 -148,400	-45%	-$4.9M	0.08%	238
2022 Q2	$10.5M	Sell	332,600 -759,100	-70%	-$26.2M	0.18%	138
2022 Q1	$41.8M	Sell	1,091,700 -3,903,600	-78%	-$153M	0.6%	43
2021 Q4	$195M	Buy	4,995,300 +2,649,900	+113%	+$104M	4.14%	7
2021 Q3	$88M	Sell	2,345,400 -654,600	-22%	-$24.5M	1.08%	16
2021 Q2	$110M	Buy	3,000,000 +2,689,800	+867%	+$98.4M	1.78%	11
2021 Q1	$10.6M	Buy	310,200 +250,100	+416%	+$8.03M	0.21%	127
2020 Q4	$1.77M	Sell	60,100 -150,000	-71%	-$4.01M	0.09%	179
2020 Q3	$5.06M	Buy	210,100 +60,100	+40%	+$1.46M	0.64%	47
2020 Q2	$3.47M	Buy	+150,000	New	+$3.41M	0.12%	162
2019 Q1	–	Sell	-10,053,300	Closed	-$239M	–	14
2018 Q4	$239M	Sell	10,053,300 -5,160,000	-34%	-$134M	40.89%	1
2018 Q3	$420M	Buy	15,213,300 +8,000,000	+111%	+$224M	36.32%	1
2018 Q2	$192M	Buy	7,213,300 +4,930,000	+216%	+$136M	30.9%	1
2018 Q1	$63M	Sell	2,283,300 -7,024,700	-75%	-$202M	9.42%	4
2017 Q4	$260M	Hold	9,308,000	–	–	44.14%	1
2017 Q3	$241M	Buy	9,308,000 +1,400,000	+18%	+$34.9M	50.05%	1
2017 Q2	$195M	Sell	7,908,000 -5,300,000	-40%	-$126M	48.41%	1
2017 Q1	$313M	Buy	13,208,000 +10,958,000	+487%	+$262M	50.87%	1
2016 Q4	$52.3M	Buy	+2,250,000	New	+$48.3M	28.36%	1

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.