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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
NTNX icon
301
Nutanix
NTNX
$14.9B
$1.47M 0.01%
+19,800
New +$1.45M
MA icon
302
Mastercard
MA
$477B
$1.47M 0.01%
2,584
+2,267
+715% +$1.3M
MARA icon
303
CALL
Marathon Digital Holdings
MARA
$4.62B
$1.46M 0.01%
+80,000
New +$1.35M
MARA icon
304
PUT
Marathon Digital Holdings
MARA
$4.62B
$1.46M 0.01%
+80,000
New +$1.35M
AMRX icon
305
Amneal Pharmaceuticals
AMRX
$5.72B
$1.45M 0.01%
+145,300
New +$1.3M
C icon
306
PUT
Citigroup
C
$222B
$1.44M 0.01%
14,200
+9,300
+190% +$882K
APP icon
307
PUT
Applovin
APP
$132B
$1.44M 0.01%
+2,000
New +$922K
BIIB icon
308
Biogen
BIIB
$29.9B
$1.43M 0.01%
+10,208
New +$1.38M
MRK icon
309
PUT
Merck
MRK
$324B
$1.42M 0.01%
16,900
+8,900
+111% +$733K
PGR icon
310
PUT
Progressive
PGR
$124B
$1.41M 0.01%
5,700
+4,400
+338% +$1.08M
BLK icon
311
PUT
Blackrock
BLK
$164B
$1.4M 0.01%
1,200
+700
+140% +$783K
LLY icon
312
Eli Lilly
LLY
$1.07T
$1.39M 0.01%
1,821
+1,334
+274% +$993K
CRM icon
313
PUT
Salesforce
CRM
$134B
$1.37M 0.01%
5,800
-2,300
-28% -$580K
SPGI icon
314
S&P Global
SPGI
$126B
$1.37M 0.01%
2,819
+2,700
+2,269% +$1.45M
GD icon
315
PUT
General Dynamics
GD
$105B
$1.36M 0.01%
4,000
+3,500
+700% +$1.1M
PG icon
316
Procter & Gamble
PG
$343B
$1.36M 0.01%
8,839
+6,954
+369% +$1.09M
AIG icon
317
American International
AIG
$41.9B
$1.34M 0.01%
17,039
+16,694
+4,839% +$1.33M
AXP icon
318
PUT
American Express
AXP
$223B
$1.33M 0.01%
4,000
+2,400
+150% +$763K
TMO icon
319
PUT
Thermo Fisher Scientific
TMO
$211B
$1.31M 0.01%
2,700
+2,200
+440% +$1.02M
ACN icon
320
PUT
Accenture
ACN
$89.9B
$1.31M 0.01%
5,300
+3,500
+194% +$913K
VITL icon
321
Vital Farms
VITL
$558M
$1.31M 0.01%
+31,722
New +$1.38M
CSCO icon
322
CALL
Cisco
CSCO
$450B
$1.3M 0.01%
19,000
+14,300
+304% +$975K
BA icon
323
PUT
Boeing
BA
$165B
$1.29M 0.01%
6,000
+4,000
+200% +$902K
VZ icon
324
PUT
Verizon
VZ
$194B
$1.28M 0.01%
29,100
+1,300
+5% +$56.3K
CBZ icon
325
CBIZ
CBZ
$2.29B
$1.26M 0.01%
+23,744
New +$1.53M
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 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.