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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
PGR icon
276
PUT
Progressive
PGR
$124B
$347K ﹤0.01%
1,300
-300
-19% -$82.2K
TGT icon
277
PUT
Target
TGT
$62.1B
$345K ﹤0.01%
3,500
– –
UNP icon
278
PUT
Union Pacific
UNP
$183B
$345K ﹤0.01%
1,500
-400
-21% -$88.8K
WPM icon
279
Wheaton Precious Metals
WPM
$50.6B
$343K ﹤0.01%
+2,800
New +$236K
RH icon
280
CALL
RH
RH
$3.3B
$340K ﹤0.01%
1,800
– –
FUTU icon
281
Futu Holdings
FUTU
$13.9B
$340K ﹤0.01%
+2,750
New +$281K
RACE icon
282
Ferrari
RACE
$63.3B
$336K ﹤0.01%
+808
New +$375K
AMGN icon
283
PUT
Amgen
AMGN
$203B
$335K ﹤0.01%
1,200
-300,700
-100% -$85.2M
LRCX icon
284
PUT
Lam Research
LRCX
$382B
$331K ﹤0.01%
3,400
-16,000
-82% -$1.27M
ADT icon
285
ADT
ADT
$5.16B
$330K ﹤0.01%
+38,959
New +$319K
SCHW
286
PUT
Charles Schwab
SCHW
$177B
$328K ﹤0.01%
3,600
+600
+20% +$50.2K
CSCO icon
287
CALL
Cisco
CSCO
$450B
$326K ﹤0.01%
4,700
+500
+12% +$30.7K
IBM icon
288
CALL
IBM
IBM
$202B
$324K ﹤0.01%
1,100
+300
+38% +$77.3K
GILD icon
289
Gilead Sciences
GILD
$161B
$320K ﹤0.01%
2,886
+1,842
+176% +$196K
SYK icon
290
PUT
Stryker
SYK
$127B
$317K ﹤0.01%
800
+100
+14% +$37.4K
BLK icon
291
CALL
Blackrock
BLK
$164B
$315K ﹤0.01%
300
+100
+50% +$94.6K
ADI icon
292
PUT
Analog Devices
ADI
$181B
$309K ﹤0.01%
1,300
-10,300
-89% -$2.14M
NOW icon
293
CALL
ServiceNow
NOW
$102B
$308K ﹤0.01%
1,500
-92,500
-98% -$17.5M
ADP icon
294
PUT
Automatic Data Processing
ADP
$100B
$308K ﹤0.01%
1,000
+200
+25% +$61.4K
DE icon
295
PUT
Deere & Co
DE
$170B
$305K ﹤0.01%
600
+100
+20% +$49K
WFC icon
296
CALL
Wells Fargo
WFC
$261B
$304K ﹤0.01%
3,800
-500
-12% -$36.1K
PG icon
297
Procter & Gamble
PG
$343B
$300K ﹤0.01%
1,885
-646
-26% -$105K
KO icon
298
CALL
Coca-Cola
KO
$354B
$297K ﹤0.01%
4,200
+500
+14% +$35.6K
PANW icon
299
Palo Alto Networks
PANW
$264B
$295K ﹤0.01%
1,440
+621
+76% +$115K
KKR icon
300
PUT
KKR & Co
KKR
$89.2B
$293K ﹤0.01%
2,200
+400
+22% +$46.8K
10 11
12
13 14

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.