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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
ORCL icon
251
CALL
Oracle
ORCL
$331B
$437K ﹤0.01%
2,000
-4,100
-67% -$662K
ETN icon
252
PUT
Eaton
ETN
$157B
$428K ﹤0.01%
1,200
-200
-14% -$61.6K
HDB icon
253
HDFC Bank
HDB
$119B
$427K ﹤0.01%
11,148
-591,062
-98% -$21.4M
SPGI icon
254
PUT
S&P Global
SPGI
$126B
$422K ﹤0.01%
800
-300
-27% -$150K
UBER icon
255
PUT
Uber
UBER
$134B
$420K ﹤0.01%
4,500
-2,053,300
-100% -$169M
HON icon
256
PUT
Honeywell
HON
$77.1B
$419K ﹤0.01%
1,910
-1,591
-45% -$322K
BA icon
257
PUT
Boeing
BA
$165B
$419K ﹤0.01%
2,000
-670,700
-100% -$127M
C icon
258
PUT
Citigroup
C
$222B
$417K ﹤0.01%
4,900
-4,900
-50% -$354K
JNJ icon
259
CALL
Johnson & Johnson
JNJ
$635B
$412K ﹤0.01%
2,700
-6,200
-70% -$953K
ADBE icon
260
PUT
Adobe
ADBE
$89.5B
$387K ﹤0.01%
1,000
-15,300
-94% -$5.9M
XOM icon
261
ExxonMobil
XOM
$651B
$382K ﹤0.01%
3,546
-800,154
-100% -$85.5M
LLY icon
262
Eli Lilly
LLY
$1.07T
$380K ﹤0.01%
487
-386
-44% -$300K
ANET icon
263
PUT
Arista Networks
ANET
$219B
$379K ﹤0.01%
3,700
-17,400
-82% -$1.51M
PLTR icon
264
Palantir
PLTR
$295B
$375K ﹤0.01%
2,752
+555
+25% +$65.1K
ABBV icon
265
CALL
AbbVie
ABBV
$458B
$371K ﹤0.01%
2,000
-1,300
-39% -$242K
MU icon
266
PUT
Micron Technology
MU
$1.04T
$370K ﹤0.01%
3,000
-197,900
-99% -$18.5M
PANW icon
267
PUT
Palo Alto Networks
PANW
$264B
$368K ﹤0.01%
1,800
+300
+20% +$55.7K
NEE icon
268
PUT
NextEra Energy
NEE
$187B
$368K ﹤0.01%
5,300
-303,600
-98% -$21.1M
BSX icon
269
PUT
Boston Scientific
BSX
$65.8B
$365K ﹤0.01%
3,400
-900
-21% -$91.1K
VZ icon
270
Verizon
VZ
$194B
$362K ﹤0.01%
8,361
+4,343
+108% +$188K
BX icon
271
PUT
Blackstone
BX
$104B
$359K ﹤0.01%
2,400
+400
+20% +$55K
TJX icon
272
PUT
TJX Companies
TJX
$170B
$358K ﹤0.01%
2,900
-1,700
-37% -$216K
DHR icon
273
PUT
Danaher
DHR
$135B
$356K ﹤0.01%
1,800
-1,600
-47% -$310K
RRR icon
274
Red Rock Resorts
RRR
$3.74B
$355K ﹤0.01%
+6,828
New +$312K
PTCT icon
275
PTC Therapeutics
PTCT
$6.37B
$348K ﹤0.01%
7,126
+1,244
+21% +$59.1K
9 10
11
12 13

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.