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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
+8.68%
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
$20.1B
AUM Growth
+$9.32B
Cap. Flow
+$8.06B
Cap. Flow %
40.12%
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.79B
2
MSTR icon
Strategy Inc
MSTR
+$651M
3
UNH icon
UnitedHealth
UNH
+$291M
4
COIN icon
Coinbase
COIN
+$170M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$151M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$84.6M
2
K
Kellanova
K
+$32.6M
3
BPMC
Blueprint Medicines
BPMC
+$20M
4
ESGR
Enstar Group
ESGR
+$12M
5
APP icon
Applovin
APP
+$10.1M

Sector Composition

Rank Sector Weight
1 Technology 6.26%
2 Healthcare 1.91%
3 Financials 1.84%
4 Consumer Discretionary 1.48%
5 Communication Services 0.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNOW icon
226
PUT
Snowflake
SNOW
$92.9B
$2.12M 0.01%
+9,400
New +$2.02M
FXI icon
227
iShares China Large-Cap ETF
FXI
$4.31B
$2.11M 0.01%
51,215
-4,278
-8% -$165K
PLTR icon
228
CALL
Palantir
PLTR
$295B
$2.1M 0.01%
11,500
-20,300
-64% -$3.29M
NWE icon
229
NorthWestern Energy
NWE
$4.48B
$2.1M 0.01%
+35,778
New +$1.97M
ETN icon
230
CALL
Eaton
ETN
$157B
$2.1M 0.01%
5,600
+5,200
+1,300% +$1.89M
AFG icon
231
American Financial Group
AFG
$11.9B
$2.09M 0.01%
+14,324
New +$1.9M
HON icon
232
PUT
Honeywell
HON
$77.1B
$2.08M 0.01%
10,504
+8,594
+450% +$1.8M
AMT icon
233
CALL
American Tower
AMT
$77.7B
$2.08M 0.01%
10,800
+300
+3% +$62.5K
FLUT icon
234
Flutter Entertainment
FLUT
$17.6B
$2.06M 0.01%
8,110
-6,358
-44% -$1.86M
CEG icon
235
CALL
Constellation Energy
CEG
$98B
$2.04M 0.01%
6,200
+5,900
+1,967% +$1.9M
CMI icon
236
Cummins
CMI
$91.7B
$2.04M 0.01%
+4,826
New +$1.85M
EQIX icon
237
CALL
Equinix
EQIX
$107B
$2.04M 0.01%
2,600
+2,400
+1,200% +$1.88M
EQIX icon
238
PUT
Equinix
EQIX
$107B
$2.04M 0.01%
2,600
+2,400
+1,200% +$1.88M
AIG icon
239
CALL
American International
AIG
$41.9B
$2.03M 0.01%
25,900
+300
+1% +$24K
STE icon
240
Steris
STE
$20.9B
$2.01M 0.01%
+8,130
New +$1.95M
AIG icon
241
PUT
American International
AIG
$41.9B
$2.01M 0.01%
25,600
-500
-2% -$40K
CIEN icon
242
CALL
Ciena
CIEN
$55.3B
$2.01M 0.01%
+13,800
New +$1.41M
HTO
243
H2O America
HTO
$2.67B
$2M 0.01%
+41,136
New +$2.05M
GL icon
244
Globe Life
GL
$13.5B
$2M 0.01%
+14,006
New +$1.9M
KO icon
245
PUT
Coca-Cola
KO
$354B
$2M 0.01%
30,100
+21,500
+250% +$1.48M
PLTR icon
246
Palantir
PLTR
$295B
$1.96M 0.01%
10,741
+7,989
+290% +$1.29M
F icon
247
CALL
Ford
F
$57.3B
$1.95M 0.01%
+162,700
New +$1.87M
WFC icon
248
PUT
Wells Fargo
WFC
$261B
$1.94M 0.01%
23,100
+14,700
+175% +$1.19M
AMGN icon
249
PUT
Amgen
AMGN
$203B
$1.92M 0.01%
6,800
+5,600
+467% +$1.62M
PYPL icon
250
PayPal
PYPL
$49.5B
$1.92M 0.01%
28,587
+9,610
+51% +$677K
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 Q3 2025 Portfolio in Review

As of Q3 2025, Capula Management held 920 positions worth $20.1B, up 87% from $10.8B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Capula Management deployed $8.06B of net new capital in Q3 2025, opening 289 new positions and adding to 404 existing holdings. Its largest new stake was Coinbase: 501,397 shares worth $169M.

By sector, the portfolio is most concentrated in Technology at 6.3% of assets, up from 0.2% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $84.6M trimmed.

  • Capula Management's largest Q3 2025 buy was Coinbase: 501,397 shares worth $169M.
  • Capula Management added most to iShares Core S&P 500 ETF in Q3 2025, an estimated $1.79B increase.
  • Capula Management's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $84.6M.
  • Capula Management fully exited Kellanova in Q3 2025, selling an estimated $32.6M.
  • Capula Management's ten largest holdings make up 65% of its $20.1B portfolio in Q3 2025.
  • Capula Management opened 289 new positions and closed 127 in Q3 2025.
  • Capula Management's portfolio value rose 87% quarter-over-quarter to $20.1B.

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