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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
RTX icon
326
PUT
RTX Corp
RTX
$287B
$1.24M 0.01%
7,400
+4,400
+147% +$683K
RYAAY icon
327
Ryanair
RYAAY
$29.5B
$1.23M 0.01%
+20,504
New +$1.25M
CMCSA icon
328
PUT
Comcast
CMCSA
$79.1B
$1.23M 0.01%
39,000
+23,700
+155% +$794K
CCL icon
329
PUT
Carnival Corporation Ltd
CCL
$36.1B
$1.22M 0.01%
42,100
-57,900
-58% -$1.75M
BNS icon
330
PUT
Scotiabank
BNS
$106B
$1.2M 0.01%
+18,600
New +$1.1M
SHOP icon
331
PUT
Shopify
SHOP
$148B
$1.19M 0.01%
+8,000
New +$1.08M
CCL icon
332
CALL
Carnival Corporation Ltd
CCL
$36.1B
$1.18M 0.01%
40,800
-59,200
-59% -$1.79M
ABNB icon
333
PUT
Airbnb
ABNB
$83.7B
$1.15M 0.01%
9,500
+8,500
+850% +$1.1M
LEN icon
334
Lennar Class A
LEN
$20.4B
$1.15M 0.01%
9,137
-11,560
-56% -$1.43M
NBIS
335
Nebius Group N.V.
NBIS
$47.7B
$1.15M 0.01%
+10,211
New +$709K
CHWY icon
336
PUT
Chewy
CHWY
$8.54B
$1.14M 0.01%
+28,200
New +$1.09M
MPC icon
337
PUT
Marathon Petroleum
MPC
$90.3B
$1.14M 0.01%
+5,900
New +$1.04M
ISRG icon
338
Intuitive Surgical
ISRG
$121B
$1.12M 0.01%
+2,514
New +$1.21M
ABBV icon
339
AbbVie
ABBV
$458B
$1.12M 0.01%
4,849
+3,999
+470% +$814K
TMUS icon
340
T-Mobile US
TMUS
$193B
$1.12M 0.01%
4,685
+3,961
+547% +$959K
AFRM icon
341
Affirm
AFRM
$23.5B
$1.12M 0.01%
+15,324
New +$1.17M
MDT icon
342
PUT
Medtronic
MDT
$107B
$1.11M 0.01%
11,700
+8,800
+303% +$809K
FSLR icon
343
CALL
First Solar
FSLR
$21.8B
$1.1M 0.01%
+5,000
New +$960K
BKNG icon
344
Booking.com
BKNG
$138B
$1.1M 0.01%
+5,100
New +$1.14M
TJX icon
345
PUT
TJX Companies
TJX
$170B
$1.1M 0.01%
7,600
+4,700
+162% +$624K
MA icon
346
CALL
Mastercard
MA
$477B
$1.08M 0.01%
1,900
+1,000
+111% +$574K
BKNG icon
347
CALL
Booking.com
BKNG
$138B
$1.08M 0.01%
5,000
– –
WMT icon
348
Walmart Inc
WMT
$871B
$1.07M 0.01%
10,386
+10,041
+2,910% +$1,000K
PFE icon
349
PUT
Pfizer
PFE
$140B
$1.07M 0.01%
41,900
-124,600
-75% -$3.08M
LOW icon
350
Lowe's Companies
LOW
$116B
$1.06M 0.01%
4,227
+3,130
+285% +$769K
12 13
14
15 16

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.