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Capula Management Portfolio holdings

AUM $14.1B
1-Year Est. Return 19.14%
This Fund
S&P 500
This Quarter Est. Return
+12.86%
1 Year Est. Return
+19.14%
3 Year Est. Return
+85.66%
5 Year Est. Return
+76.65%
10 Year Est. Return
+131.38%
AUM
$10.8B
AUM Growth
-$7.21B
Cap. Flow
-$9.02B
Cap. Flow %
-83.79%
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$578M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$113M
3
IBIT icon
iShares Bitcoin Trust
IBIT
+$97.4M
4
ETHA
iShares Ethereum Trust ETF
ETHA
+$58.9M
5
K
Kellanova
K
+$28.1M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.43B
2
NVDA icon
NVIDIA
NVDA
+$693M
3
MSTR icon
Strategy Inc
MSTR
+$473M
4
FBTC icon
Fidelity Wise Origin Bitcoin Fund
FBTC
+$241M
5
UBER icon
Uber
UBER
+$169M

Sector Composition

Rank Sector Weight
1 Communication Services 0.58%
2 Financials 0.52%
3 Consumer Discretionary 0.38%
4 Consumer Staples 0.33%
5 Healthcare 0.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XOM icon
226
CALL
ExxonMobil
XOM
$651B
$550K 0.01%
5,100
+200
+4% +$21.4K
AMAT icon
227
CALL
Applied Materials
AMAT
$426B
$549K 0.01%
3,000
-116,900
-97% -$18.5M
PM icon
228
PUT
Philip Morris
PM
$301B
$546K 0.01%
3,000
-2,000
-40% -$343K
CMCSA icon
229
PUT
Comcast
CMCSA
$79.1B
$546K 0.01%
15,300
-6,500
-30% -$225K
CAT icon
230
PUT
Caterpillar
CAT
$409B
$543K 0.01%
1,400
-700
-33% -$233K
ISRG icon
231
PUT
Intuitive Surgical
ISRG
$121B
$543K 0.01%
1,000
-800
-44% -$418K
ACN icon
232
PUT
Accenture
ACN
$89.9B
$538K 0.01%
1,800
-500
-22% -$152K
ASHR icon
233
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$536K 0.01%
19,476
-353,945
-95% -$9.34M
BLK icon
234
PUT
Blackrock
BLK
$164B
$525K ﹤0.01%
500
-100
-17% -$94.6K
AXP icon
235
PUT
American Express
AXP
$223B
$510K ﹤0.01%
1,600
-1,500
-48% -$422K
ELAN icon
236
Elanco Animal Health
ELAN
$12.4B
$506K ﹤0.01%
+35,448
New +$414K
MA icon
237
CALL
Mastercard
MA
$477B
$506K ﹤0.01%
900
+100
+13% +$55.3K
ABT icon
238
PUT
Abbott
ABT
$180B
$503K ﹤0.01%
3,700
-2,100
-36% -$277K
MCD icon
239
PUT
McDonald's
MCD
$188B
$497K ﹤0.01%
1,700
-2,100
-55% -$647K
COST icon
240
CALL
Costco
COST
$415B
$495K ﹤0.01%
500
+100
+25% +$99.4K
MO icon
241
Altria Group
MO
$122B
$484K ﹤0.01%
8,261
+6,374
+338% +$374K
MS icon
242
PUT
Morgan Stanley
MS
$337B
$479K ﹤0.01%
3,400
-2,800
-45% -$344K
WMT icon
243
CALL
Walmart Inc
WMT
$871B
$469K ﹤0.01%
4,800
-2,300
-32% -$219K
PEP icon
244
PUT
PepsiCo
PEP
$186B
$462K ﹤0.01%
3,500
-1,000
-22% -$135K
APA icon
245
APA Corp
APA
$12.8B
$455K ﹤0.01%
+24,869
New +$431K
PG icon
246
CALL
Procter & Gamble
PG
$343B
$446K ﹤0.01%
2,800
-1,700
-38% -$277K
LOW icon
247
PUT
Lowe's Companies
LOW
$116B
$444K ﹤0.01%
2,000
-600
-23% -$134K
T icon
248
PUT
AT&T
T
$165B
$440K ﹤0.01%
15,200
-8,800
-37% -$243K
AMAT icon
249
PUT
Applied Materials
AMAT
$426B
$439K ﹤0.01%
2,400
-118,400
-98% -$18.8M
RTX icon
250
PUT
RTX Corp
RTX
$287B
$438K ﹤0.01%
3,000
-1,200
-29% -$160K
8 9
10
11 12

Similar funds

X
Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return
BIP
Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return
FGP
Freestone Grove Partners San Francisco, California $14.2B AUM 24.58% 1-Year Est. Return
TI
Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return
SSA
Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return
SAM
Silvercrest Asset Management New York $13.8B AUM 28.39% 1-Year Est. Return
BBVA
Banco Bilbao Vizcaya Argentaria Madrid, Spain $14.3B AUM 26.23% 1-Year Est. Return
IFP
Independent Franchise Partners London, United Kingdom $14.3B AUM 3.49% 1-Year Est. Return

Capula Management's Q2 2025 Portfolio in Review

As of Q2 2025, Capula Management held 894 positions worth $10.8B, down 40% from $18B the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Capula Management withdrew a net $9.02B in Q2 2025, closing 265 positions and reducing 276 holdings. Its most notable exit was NVIDIA, an estimated $693M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 0.58% of assets, down from 0.99% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Capula Management opened a new position in Blueprint Medicines worth $20M.

  • Capula Management's largest Q2 2025 buy was Blueprint Medicines: 156,114 shares worth $20M.
  • Capula Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2025, an estimated $578M increase.
  • Capula Management's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.43B.
  • Capula Management fully exited NVIDIA in Q2 2025, selling an estimated $693M.
  • Capula Management's ten largest holdings make up 86% of its $10.8B portfolio in Q2 2025.
  • Capula Management opened 215 new positions and closed 265 in Q2 2025.
  • Capula Management's portfolio value fell 40% quarter-over-quarter to $10.8B.

Based on Capula Management's 13F filing for Q2 2025, filed 13 Aug 2025.