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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
NCLH icon
251
Norwegian Cruise Line
NCLH
$8.89B
$1.37M 0.01%
61,169
-10,331
-14% -$218K
NET icon
252
Cloudflare
NET
$93B
$1.35M 0.01%
6,864
-408
-6% -$86.3K
HD icon
253
Home Depot
HD
$332B
$1.35M 0.01%
3,928
-373
-9% -$137K
AMZN icon
254
Amazon
AMZN
$2.5T
$1.35M 0.01%
5,846
-65,502
-92% -$15M
WFC icon
255
PUT
Wells Fargo
WFC
$261B
$1.34M 0.01%
14,400
-8,700
-38% -$755K
CVNA icon
256
Carvana
CVNA
$43.3B
$1.33M 0.01%
15,810
-39,645
-71% -$2.95M
HON icon
257
PUT
Honeywell
HON
$77.1B
$1.33M 0.01%
6,800
-3,704
-35% -$725K
CDTX
258
DELISTED
Cidara Therapeutics
CDTX
$1.33M 0.01%
+6,000
New +$970K
CSCO icon
259
PUT
Cisco
CSCO
$450B
$1.32M 0.01%
17,200
-48,000
-74% -$3.56M
CCL icon
260
PUT
Carnival Corporation Ltd
CCL
$36.1B
$1.31M 0.01%
43,000
+900
+2% +$25.1K
FCX icon
261
PUT
Freeport-McMoran
FCX
$90B
$1.31M 0.01%
25,700
+21,100
+459% +$914K
XOM icon
262
CALL
ExxonMobil
XOM
$651B
$1.3M 0.01%
10,800
+3,200
+42% +$371K
PM icon
263
Philip Morris
PM
$301B
$1.29M 0.01%
8,036
+4,837
+151% +$749K
HPQ icon
264
HP
HPQ
$23.5B
$1.29M 0.01%
+57,724
New +$1.47M
QSR icon
265
Restaurant Brands International
QSR
$25.1B
$1.28M 0.01%
18,794
-78,637
-81% -$5.42M
CCL icon
266
CALL
Carnival Corporation Ltd
CCL
$36.1B
$1.27M 0.01%
41,700
+900
+2% +$25.1K
F icon
267
Ford
F
$57.3B
$1.26M 0.01%
95,870
+44,592
+87% +$575K
GRAB icon
268
PUT
Grab
GRAB
$13.5B
$1.25M 0.01%
250,000
– –
GS icon
269
PUT
Goldman Sachs
GS
$313B
$1.23M 0.01%
1,400
-46,400
-97% -$37.9M
MDT icon
270
PUT
Medtronic
MDT
$107B
$1.22M 0.01%
12,700
+1,000
+9% +$97.1K
FCX icon
271
CALL
Freeport-McMoran
FCX
$90B
$1.19M 0.01%
23,500
+21,100
+879% +$914K
WMT icon
272
CALL
Walmart Inc
WMT
$871B
$1.18M 0.01%
10,600
+3,400
+47% +$365K
MA icon
273
CALL
Mastercard
MA
$477B
$1.14M 0.01%
2,000
+100
+5% +$55.9K
SEMR
274
DELISTED
Semrush
SEMR
$1.13M 0.01%
+94,690
New +$887K
KO icon
275
PUT
Coca-Cola
KO
$354B
$1.1M 0.01%
15,700
-14,400
-48% -$1M
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 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.