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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
(-40%)
Cap. Flow
-$9.02B
Cap. Flow
% of AUM
-83.79%
Top 10 Holdings %
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$578M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$113M |
| 3 |
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 |
iShares Core S&P 500 ETF
IVV
|
+$4.43B |
| 2 |
NVIDIA
NVDA
|
+$693M |
| 3 |
Strategy Inc
MSTR
|
+$473M |
| 4 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$241M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
301
Target
TGT
$62.1B
| $290K | ﹤0.01% |
2,936
+2,152
| +274% | +$207K |
|
302
PUT
Gilead Sciences
GILD
$161B
| $288K | ﹤0.01% |
2,600
+400
| +18% | +$42.6K |
|
303
PUT
ConocoPhillips
COP
$147B
| $287K | ﹤0.01% |
3,200
-2,400
| -43% | -$216K |
|
304
TriNet
TNET
$2.84B
| $286K | ﹤0.01% |
+3,914
| New | +$310K |
|
305
CALL
Merck
MRK
$324B
| $285K | ﹤0.01% |
3,600
-2,100
| -37% | -$167K |
|
306
Skyworks Solutions
SWKS
$9.06B
| $283K | ﹤0.01% |
+3,800
| New | +$254K |
|
307
CALL
GE Aerospace
GE
$367B
| $283K | ﹤0.01% |
1,100
-3,900
| -78% | -$856K |
|
308
Coeur Mining
CDE
$15.6B
| $283K | ﹤0.01% |
31,939
-119,932
| -79% | -$873K |
|
309
PUT
Lockheed Martin
LMT
$134B
| $278K | ﹤0.01% |
600
+100
| +20% | +$46.8K |
|
310
CALL
Rivian
RIVN
$22.9B
| $275K | ﹤0.01% |
+20,000
| New | +$271K |
|
|
311
PUT
Rivian
RIVN
$22.9B
| $275K | ﹤0.01% |
+20,000
| New | +$271K |
|
312
CALL
Philip Morris
PM
$301B
| $273K | ﹤0.01% |
1,500
-1,000
| -40% | -$172K |
|
313
CALL
O'Reilly Automotive
ORLY
$72.4B
| $270K | ﹤0.01% |
+3,000
| New | +$274K |
|
314
PUT
KLA
KLAC
$275B
| $269K | ﹤0.01% |
3,000
-10,000
| -77% | -$752K |
|
315
Franco-Nevada
FNV
$41.4B
| $268K | ﹤0.01% |
+1,200
| New | +$199K |
|
316
Comcast
CMCSA
$79.1B
| $267K | ﹤0.01% |
7,480
+880
| +13% | +$30.4K |
|
317
Bank of America
BAC
$435B
| $265K | ﹤0.01% |
5,591
-9,653
| -63% | -$406K |
|
318
McDonald's
MCD
$188B
| $264K | ﹤0.01% |
902
-53
| -6% | -$16.3K |
|
|
MRSH
319
PUT
Marsh
MRSH
$86.3B
| $262K | ﹤0.01% |
1,200
+200
| +20% | +$45.2K |
|
320
PUT
T-Mobile US
TMUS
$193B
| $262K | ﹤0.01% |
1,100
-399,800
| -100% | -$97.6M |
|
321
Franklin Resources
BEN
$16.9B
| $260K | ﹤0.01% |
+10,896
| New | +$225K |
|
322
CALL
Abbott
ABT
$180B
| $258K | ﹤0.01% |
1,900
-800
| -30% | -$105K |
|
323
Casella Waste Systems
CWST
$5.69B
| $257K | ﹤0.01% |
2,230
-24,848
| -92% | -$2.87M |
|
324
PUT
CrowdStrike
CRWD
$187B
| $255K | ﹤0.01% |
2,000
-401,600
| -100% | -$43.5M |
|
325
PUT
Medtronic
MDT
$107B
| $253K | ﹤0.01% |
2,900
+500
| +21% | +$42.4K |
|
Similar funds
X
BIP
FGP
TI
SSA
SAM
BBVA
IFP
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.