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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
-4.72%
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
$18B
AUM Growth
+$790M
Cap. Flow
+$2.01B
Cap. Flow %
11.18%
Top 10 Hldgs %
71.51%
Holding
779
New
416
Increased
180
Reduced
79
Closed
101

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$9.08B
2
MSTR icon
Strategy Inc
MSTR
+$325M
3
UBER icon
Uber
UBER
+$147M
4
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$146M
5
VOO icon
Vanguard S&P 500 ETF
VOO
+$127M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.37B
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$449M
3
NVDA icon
NVIDIA
NVDA
+$339M
4
CRWD icon
CrowdStrike
CRWD
+$225M
5
FBTC icon
Fidelity Wise Origin Bitcoin Fund
FBTC
+$93.6M

Sector Composition

Rank Sector Weight
1 Technology 8.84%
2 Financials 1.25%
3 Communication Services 0.99%
4 Industrials 0.87%
5 Consumer Discretionary 0.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
V icon
301
CALL
Visa
V
$677B
$596K ﹤0.01%
+1,700
New +$575K
COP icon
302
PUT
ConocoPhillips
COP
$147B
$588K ﹤0.01%
5,600
+3,500
+167% +$349K
XOM icon
303
CALL
ExxonMobil
XOM
$651B
$583K ﹤0.01%
+4,900
New +$542K
UNH icon
304
CALL
UnitedHealth
UNH
$382B
$576K ﹤0.01%
+1,100
New +$562K
BLK icon
305
PUT
Blackrock
BLK
$164B
$568K ﹤0.01%
600
+400
+200% +$392K
TJX icon
306
PUT
TJX Companies
TJX
$170B
$560K ﹤0.01%
4,600
+3,500
+318% +$425K
SPGI icon
307
PUT
S&P Global
SPGI
$126B
$559K ﹤0.01%
1,100
+100
+10% +$51.1K
MMM icon
308
PUT
3M
MMM
$89B
$558K ﹤0.01%
3,800
-15,700
-81% -$2.31M
RTX icon
309
PUT
RTX Corp
RTX
$287B
$556K ﹤0.01%
4,200
+2,700
+180% +$342K
UNH icon
310
UnitedHealth
UNH
$382B
$539K ﹤0.01%
1,030
+220
+27% +$112K
WMT icon
311
Walmart Inc
WMT
$871B
$539K ﹤0.01%
6,138
+377
+7% +$35.4K
V icon
312
Visa
V
$677B
$513K ﹤0.01%
1,465
+974
+198% +$330K
MRK icon
313
CALL
Merck
MRK
$324B
$512K ﹤0.01%
+5,700
New +$532K
PLTR icon
314
PUT
Palantir
PLTR
$295B
$490K ﹤0.01%
+5,800
New +$509K
ARGX icon
315
argenx
ARGX
$57.4B
$487K ﹤0.01%
822
-2,357
-74% -$1.49M
TXN icon
316
CALL
Texas Instruments
TXN
$255B
$485K ﹤0.01%
2,700
+2,600
+2,600% +$487K
BKNG icon
317
CALL
Booking.com
BKNG
$138B
$461K ﹤0.01%
+2,500
New +$478K
BKNG icon
318
Booking.com
BKNG
$138B
$461K ﹤0.01%
2,500
+1,875
+300% +$359K
PGR icon
319
PUT
Progressive
PGR
$124B
$453K ﹤0.01%
1,600
+1,000
+167% +$262K
JNJ icon
320
Johnson & Johnson
JNJ
$635B
$450K ﹤0.01%
2,714
-753
-22% -$118K
PEP icon
321
CALL
PepsiCo
PEP
$186B
$450K ﹤0.01%
+3,000
New +$447K
UNP icon
322
PUT
Union Pacific
UNP
$183B
$449K ﹤0.01%
+1,900
New +$457K
MA icon
323
CALL
Mastercard
MA
$477B
$438K ﹤0.01%
+800
New +$436K
HD icon
324
Home Depot
HD
$332B
$434K ﹤0.01%
1,185
+639
+117% +$249K
BSX icon
325
PUT
Boston Scientific
BSX
$65.8B
$434K ﹤0.01%
+4,300
New +$433K
11 12
13
14 15

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 Q1 2025 Portfolio in Review

As of Q1 2025, Capula Management held 779 positions worth $18B, up 4.6% from $17.2B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Capula Management deployed $2.01B of net new capital in Q1 2025, opening 416 new positions and adding to 180 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 15,379,127 shares worth $8.64B.

By sector, the portfolio is most concentrated in Technology at 8.8% of assets, down from 11% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $9.37B trimmed.

  • Capula Management's largest Q1 2025 buy was iShares Core S&P 500 ETF: 15,379,127 shares worth $8.64B.
  • Capula Management added most to Strategy Inc in Q1 2025, an estimated $325M increase.
  • Capula Management's biggest Q1 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $9.37B.
  • Capula Management fully exited Alphabet (Google) Class C in Q1 2025, selling an estimated $83.8M.
  • Capula Management's ten largest holdings make up 72% of its $18B portfolio in Q1 2025.
  • Capula Management opened 416 new positions and closed 101 in Q1 2025.
  • Capula Management's portfolio value rose 4.6% quarter-over-quarter to $18B.

Based on Capula Management's 13F filing for Q1 2025, filed 14 May 2025.