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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 | |
|---|---|---|---|---|---|---|
326
Viatris
VTRS
$20.1B
| $250K | ﹤0.01% |
+28,010
| New | +$237K |
|
327
PUT
Starbucks
SBUX
$118B
| $247K | ﹤0.01% |
2,700
-7,000
| -72% | -$607K |
|
328
Bio-Techne
TECH
$11.2B
| $247K | ﹤0.01% |
+4,800
| New | +$241K |
|
329
Lowe's Companies
LOW
$116B
| $243K | ﹤0.01% |
1,097
+363
| +49% | +$81K |
|
330
Westlake Corp
WLK
$9.46B
| $240K | ﹤0.01% |
+3,167
| New | +$259K |
|
331
Stanley Black & Decker
SWK
$14.2B
| $240K | ﹤0.01% |
+3,542
| New | +$229K |
|
332
CALL
Accenture
ACN
$89.9B
| $239K | ﹤0.01% |
800
| – | – |
|
333
CALL
PepsiCo
PEP
$186B
| $238K | ﹤0.01% |
1,800
-1,200
| -40% | -$162K |
|
334
CALL
Intuit
INTU
$81.1B
| $236K | ﹤0.01% |
300
-2,000
| -87% | -$1.35M |
|
335
Moderna
MRNA
$21.5B
| $235K | ﹤0.01% |
+8,530
| New | +$225K |
|
336
CALL
Linde
LIN
$237B
| $235K | ﹤0.01% |
500
| – | – |
|
337
CALL
McDonald's
MCD
$188B
| $234K | ﹤0.01% |
800
-1,600
| -67% | -$493K |
|
338
CALL
Caterpillar
CAT
$409B
| $233K | ﹤0.01% |
600
-100
| -14% | -$33.3K |
|
339
PUT
United Parcel Service
UPS
$97.6B
| $232K | ﹤0.01% |
2,300
+400
| +21% | +$39.4K |
|
340
CALL
Adobe
ADBE
$89.5B
| $232K | ﹤0.01% |
600
-13,900
| -96% | -$5.36M |
|
341
PUT
Chubb
CB
$140B
| $232K | ﹤0.01% |
800
+100
| +14% | +$28.8K |
|
342
PUT
Prologis
PLD
$138B
| $231K | ﹤0.01% |
2,200
+400
| +22% | +$42K |
|
343
CarMax
KMX
$8.27B
| $231K | ﹤0.01% |
+3,439
| New | +$231K |
|
|
344
Strategy Inc
MSTR
$33.5B
| $229K | ﹤0.01% |
567
-1,299,433
| -100% | -$473M |
|
345
CALL
Texas Instruments
TXN
$255B
| $228K | ﹤0.01% |
1,100
-1,600
| -59% | -$284K |
|
346
PUT
3M
MMM
$89B
| $228K | ﹤0.01% |
1,500
-2,300
| -61% | -$329K |
|
347
PUT
Constellation Energy
CEG
$98B
| $226K | ﹤0.01% |
700
| – | – |
|
348
FedEx
FDX
$74.5B
| $224K | ﹤0.01% |
986
+756
| +329% | +$166K |
|
349
CALL
American Express
AXP
$223B
| $223K | ﹤0.01% |
700
-800
| -53% | -$225K |
|
350
PUT
Bristol-Myers Squibb
BMY
$127B
| $222K | ﹤0.01% |
4,800
+800
| +20% | +$39.3K |
|
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.