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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
+0.74%
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
$20B
AUM Growth
-$124M
Cap. Flow
+$329M
Cap. Flow %
1.65%
Top 10 Hldgs %
68.14%
Holding
948
New
155
Increased
289
Reduced
312
Closed
138

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.4B
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.76B
3
IBM icon
IBM
IBM
+$204M
4
BABA icon
Alibaba
BABA
+$169M
5
UBER icon
Uber
UBER
+$111M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$6.67B
2
MSTR icon
Strategy Inc
MSTR
+$375M
3
UNH icon
UnitedHealth
UNH
+$326M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$279M
5
AMAT icon
Applied Materials
AMAT
+$122M

Sector Composition

Rank Sector Weight
1 Technology 4.56%
2 Consumer Discretionary 2.07%
3 Communication Services 2.06%
4 Financials 1.46%
5 Industrials 0.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LLY icon
226
CALL
Eli Lilly
LLY
$1.07T
$1.93M 0.01%
1,800
+600
+50% +$574K
ZM icon
227
PUT
Zoom
ZM
$25.8B
$1.92M 0.01%
22,200
– –
EQIX icon
228
PUT
Equinix
EQIX
$107B
$1.92M 0.01%
2,500
-100
-4% -$78.4K
NFLX icon
229
Netflix
NFLX
$292B
$1.88M 0.01%
20,039
-8,111
-29% -$874K
MSFT icon
230
Microsoft
MSFT
$2.84T
$1.82M 0.01%
3,771
-21,806
-85% -$10.9M
IWF icon
231
iShares Russell 1000 Growth ETF
IWF
$122B
$1.77M 0.01%
+14,992
New +$1.78M
XLV icon
232
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
$1.7M 0.01%
10,981
+285
+3% +$42.7K
EB
233
DELISTED
Eventbrite
EB
$1.68M 0.01%
+378,096
New +$1.17M
HOOD icon
234
Robinhood
HOOD
$85.2B
$1.66M 0.01%
14,689
+13,087
+817% +$1.7M
SLB icon
235
SLB Ltd
SLB
$77.8B
$1.63M 0.01%
42,508
+39,853
+1,501% +$1.44M
GDX icon
236
VanEck Gold Miners ETF
GDX
$23B
$1.61M 0.01%
18,760
-28,348
-60% -$2.24M
XLP icon
237
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
$1.6M 0.01%
+20,565
New +$1.61M
CDNS icon
238
PUT
Cadence Design Systems
CDNS
$90B
$1.56M 0.01%
5,000
-2,100
-30% -$685K
HPQ icon
239
CALL
HP
HPQ
$23.5B
$1.56M 0.01%
+70,000
New +$1.78M
HPQ icon
240
PUT
HP
HPQ
$23.5B
$1.56M 0.01%
+70,000
New +$1.78M
JPM icon
241
JPMorgan Chase
JPM
$939B
$1.55M 0.01%
4,798
-3,847
-44% -$1.19M
COST icon
242
Costco
COST
$415B
$1.53M 0.01%
1,776
-101,613
-98% -$92.1M
SCCO icon
243
Southern Copper
SCCO
$141B
$1.51M 0.01%
10,708
-12,599
-54% -$1.67M
C icon
244
Citigroup
C
$222B
$1.51M 0.01%
12,901
+10,207
+379% +$1.06M
V icon
245
CALL
Visa
V
$677B
$1.47M 0.01%
4,200
+1,300
+45% +$443K
ETN icon
246
Eaton
ETN
$157B
$1.46M 0.01%
4,594
+3,380
+278% +$1.2M
PANW icon
247
Palo Alto Networks
PANW
$264B
$1.46M 0.01%
7,935
+5,364
+209% +$1.08M
SNAP icon
248
Snap
SNAP
$7.32B
$1.43M 0.01%
+177,104
New +$1.4M
MU icon
249
PUT
Micron Technology
MU
$1.04T
$1.43M 0.01%
5,000
-58,100
-92% -$13.3M
BNS icon
250
PUT
Scotiabank
BNS
$106B
$1.37M 0.01%
18,600
– –
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 Q4 2025 Portfolio in Review

As of Q4 2025, Capula Management held 948 positions worth $20B, down 0.62% from $20.1B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Capula Management's Q4 2025 filing shows 155 new, 289 increased, 312 reduced and 138 closed positions. Its largest new stake was Alphabet (Google) Class C: 160,000 shares worth $50.2M. The largest sale was iShares Core S&P 500 ETF, an estimated $6.67B.

By sector, the portfolio is most concentrated in Technology at 4.6% of assets, down from 6.3% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Capula Management's largest Q4 2025 buy was Alphabet (Google) Class C: 160,000 shares worth $50.2M.
  • Capula Management added most to Vanguard S&P 500 ETF in Q4 2025, an estimated $7.4B increase.
  • Capula Management's biggest Q4 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $6.67B.
  • Capula Management fully exited UnitedHealth in Q4 2025, selling an estimated $326M.
  • Capula Management's ten largest holdings make up 68% of its $20B portfolio in Q4 2025.
  • Capula Management opened 155 new positions and closed 138 in Q4 2025.
  • Capula Management's portfolio value fell 0.62% quarter-over-quarter to $20B.

Based on Capula Management's 13F filing for Q4 2025, filed 13 Feb 2026.