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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
CVX icon
251
Chevron
CVX
$388B
$1.89M 0.01%
12,149
+6,031
+99% +$934K
ROKU icon
252
PUT
Roku
ROKU
$21.1B
$1.88M 0.01%
+18,800
New +$1.73M
THG icon
253
Hanover Insurance
THG
$7.63B
$1.88M 0.01%
+10,334
New +$1.77M
DKNG icon
254
CALL
DraftKings
DKNG
$11.4B
$1.87M 0.01%
+50,000
New +$2.22M
DKNG icon
255
PUT
DraftKings
DKNG
$11.4B
$1.87M 0.01%
+50,000
New +$2.22M
RIOT icon
256
CALL
Riot Platforms
RIOT
$8.52B
$1.86M 0.01%
+98,000
New +$1.36M
RIOT icon
257
PUT
Riot Platforms
RIOT
$8.52B
$1.86M 0.01%
+98,000
New +$1.36M
COST icon
258
CALL
Costco
COST
$415B
$1.85M 0.01%
2,000
+1,500
+300% +$1.44M
ADP icon
259
PUT
Automatic Data Processing
ADP
$100B
$1.85M 0.01%
6,300
+5,300
+530% +$1.6M
GILD icon
260
PUT
Gilead Sciences
GILD
$161B
$1.84M 0.01%
16,600
+14,000
+538% +$1.59M
F icon
261
PUT
Ford
F
$57.3B
$1.84M 0.01%
+153,800
New +$1.77M
IBM icon
262
PUT
IBM
IBM
$202B
$1.83M 0.01%
6,500
+4,400
+210% +$1.15M
ZM icon
263
PUT
Zoom
ZM
$25.8B
$1.83M 0.01%
+22,200
New +$1.73M
NCLH icon
264
Norwegian Cruise Line
NCLH
$8.89B
$1.76M 0.01%
+71,500
New +$1.74M
XOM icon
265
ExxonMobil
XOM
$651B
$1.75M 0.01%
15,538
+11,992
+338% +$1.33M
DKNG icon
266
DraftKings
DKNG
$11.4B
$1.74M 0.01%
+46,611
New +$2.07M
HD icon
267
Home Depot
HD
$332B
$1.74M 0.01%
4,301
+4,140
+2,571% +$1.63M
AMLP icon
268
Alerian MLP ETF
AMLP
$13B
$1.74M 0.01%
37,045
+7,700
+26% +$372K
PM icon
269
PUT
Philip Morris
PM
$301B
$1.74M 0.01%
10,700
+7,700
+257% +$1.3M
DUK icon
270
PUT
Duke Energy
DUK
$102B
$1.73M 0.01%
14,000
+12,500
+833% +$1.52M
ARKK icon
271
PUT
ARK Innovation ETF
ARKK
$5.89B
$1.73M 0.01%
+20,000
New +$1.53M
DIS icon
272
PUT
Walt Disney
DIS
$165B
$1.71M 0.01%
14,900
+9,600
+181% +$1.13M
UHAL.B icon
273
U-Haul Holding Co Series N
UHAL.B
$12.2B
$1.69M 0.01%
33,201
-47,734
-59% -$2.54M
TRV icon
274
Travelers Companies
TRV
$80.8B
$1.68M 0.01%
+6,027
New +$1.61M
V icon
275
Visa
V
$677B
$1.67M 0.01%
4,904
+4,817
+5,537% +$1.67M
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 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.