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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
+0.74%
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
$20B
AUM Growth
-$124M
Cap. Flow
+$329M
Cap. Flow %
1.65%
Top 10 Hldgs %
68.14%
Holding
948
New
155
Increased
289
Reduced
312
Closed
138

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.4B
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.76B
3
IBM icon
IBM
IBM
+$204M
4
BABA icon
Alibaba
BABA
+$169M
5
UBER icon
Uber
UBER
+$111M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$6.67B
2
MSTR icon
Strategy Inc
MSTR
+$375M
3
UNH icon
UnitedHealth
UNH
+$326M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$279M
5
AMAT icon
Applied Materials
AMAT
+$122M

Sector Composition

Rank Sector Weight
1 Technology 4.56%
2 Consumer Discretionary 2.07%
3 Communication Services 2.06%
4 Financials 1.46%
5 Industrials 0.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADSK icon
326
PUT
Autodesk
ADSK
$44.3B
$740K ﹤0.01%
2,500
-8,800
-78% -$2.66M
BA icon
327
PUT
Boeing
BA
$165B
$738K ﹤0.01%
3,400
-2,600
-43% -$535K
ISRG icon
328
PUT
Intuitive Surgical
ISRG
$121B
$736K ﹤0.01%
1,300
-5,400
-81% -$2.87M
ANET icon
329
PUT
Arista Networks
ANET
$219B
$734K ﹤0.01%
5,600
-200
-3% -$27.5K
SPGI icon
330
PUT
S&P Global
SPGI
$126B
$732K ﹤0.01%
1,400
-4,000
-74% -$1.98M
SIL icon
331
Global X Silver Miners ETF NEW
SIL
$4.08B
$725K ﹤0.01%
8,678
-88
-1% -$6.49K
CCL icon
332
Carnival Corporation Ltd
CCL
$36.1B
$721K ﹤0.01%
23,608
+8,605
+57% +$240K
VZ icon
333
PUT
Verizon
VZ
$194B
$721K ﹤0.01%
17,700
-11,400
-39% -$462K
T icon
334
PUT
AT&T
T
$165B
$718K ﹤0.01%
28,900
-23,400
-45% -$592K
ASX icon
335
ASE Group
ASX
$80.8B
$711K ﹤0.01%
44,160
-606,334
-93% -$8.62M
SILJ icon
336
Amplify Junior Silver Miners ETF
SILJ
$3.27B
$709K ﹤0.01%
25,634
-2,422
-9% -$59.7K
SYY icon
337
PUT
Sysco
SYY
$39.7B
$707K ﹤0.01%
9,600
+400
+4% +$30.4K
RYAAY icon
338
Ryanair
RYAAY
$29.5B
$700K ﹤0.01%
9,691
-10,813
-53% -$703K
MSTR icon
339
CALL
Strategy Inc
MSTR
$33.5B
$699K ﹤0.01%
4,600
-12,200
-73% -$2.81M
BAC icon
340
Bank of America
BAC
$435B
$698K ﹤0.01%
12,688
-49,997
-80% -$2.64M
TMO icon
341
PUT
Thermo Fisher Scientific
TMO
$211B
$695K ﹤0.01%
1,200
-1,500
-56% -$848K
TXN icon
342
PUT
Texas Instruments
TXN
$255B
$694K ﹤0.01%
4,000
-23,700
-86% -$4.06M
CRM icon
343
CALL
Salesforce
CRM
$134B
$689K ﹤0.01%
2,600
+700
+37% +$174K
BYD icon
344
Boyd Gaming
BYD
$6.47B
$680K ﹤0.01%
+7,980
New +$658K
SCHW
345
PUT
Charles Schwab
SCHW
$177B
$679K ﹤0.01%
6,800
-25,400
-79% -$2.41M
EQX icon
346
Equinox Gold
EQX
$7.32B
$675K ﹤0.01%
+35,000
New +$442K
PFE icon
347
PUT
Pfizer
PFE
$140B
$675K ﹤0.01%
27,100
-14,800
-35% -$373K
ARM icon
348
Arm
ARM
$278B
$674K ﹤0.01%
6,170
-700
-10% -$102K
JNJ icon
349
CALL
Johnson & Johnson
JNJ
$635B
$662K ﹤0.01%
3,200
+100
+3% +$19.8K
KO icon
350
CALL
Coca-Cola
KO
$354B
$643K ﹤0.01%
9,200
+2,800
+44% +$195K
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 Q4 2025 Portfolio in Review

As of Q4 2025, Capula Management held 948 positions worth $20B, down 0.62% from $20.1B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Capula Management's Q4 2025 filing shows 155 new, 289 increased, 312 reduced and 138 closed positions. Its largest new stake was Alphabet (Google) Class C: 160,000 shares worth $50.2M. The largest sale was iShares Core S&P 500 ETF, an estimated $6.67B.

By sector, the portfolio is most concentrated in Technology at 4.6% of assets, down from 6.3% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Capula Management's largest Q4 2025 buy was Alphabet (Google) Class C: 160,000 shares worth $50.2M.
  • Capula Management added most to Vanguard S&P 500 ETF in Q4 2025, an estimated $7.4B increase.
  • Capula Management's biggest Q4 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $6.67B.
  • Capula Management fully exited UnitedHealth in Q4 2025, selling an estimated $326M.
  • Capula Management's ten largest holdings make up 68% of its $20B portfolio in Q4 2025.
  • Capula Management opened 155 new positions and closed 138 in Q4 2025.
  • Capula Management's portfolio value fell 0.62% quarter-over-quarter to $20B.

Based on Capula Management's 13F filing for Q4 2025, filed 13 Feb 2026.