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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 | |
|---|---|---|---|---|---|---|
351
Costco
COST
$415B
| $221K | ﹤0.01% |
223
-96,194
| -100% | -$95.6M |
|
352
Albemarle
ALB
$13.5B
| $220K | ﹤0.01% |
+3,505
| New | +$207K |
|
353
A.O. Smith
AOS
$8.38B
| $220K | ﹤0.01% |
+3,348
| New | +$219K |
|
354
PUT
Trane Technologies
TT
$106B
| $219K | ﹤0.01% |
500
| – | – |
|
355
CALL
Intuitive Surgical
ISRG
$121B
| $217K | ﹤0.01% |
400
-100
| -20% | -$52.3K |
|
356
Bristol-Myers Squibb
BMY
$127B
| $217K | ﹤0.01% |
4,682
+2,373
| +103% | +$116K |
|
357
PUT
Cadence Design Systems
CDNS
$90B
| $216K | ﹤0.01% |
700
| – | – |
|
358
CALL
AT&T
T
$165B
| $214K | ﹤0.01% |
7,400
-3,900
| -35% | -$107K |
|
359
PUT
Nike
NKE
$61.9B
| $213K | ﹤0.01% |
3,000
-600,000
| -100% | -$36M |
|
360
Salesforce
CRM
$134B
| $212K | ﹤0.01% |
779
-3,554
| -82% | -$950K |
|
361
CALL
Goldman Sachs
GS
$313B
| $212K | ﹤0.01% |
300
-200
| -40% | -$116K |
|
362
CALL
Morgan Stanley
MS
$337B
| $211K | ﹤0.01% |
1,500
-1,400
| -48% | -$172K |
|
363
CALL
Honeywell
HON
$77.1B
| $210K | ﹤0.01% |
955
-530
| -36% | -$107K |
|
364
PUT
Parker-Hannifin
PH
$125B
| $210K | ﹤0.01% |
300
| – | – |
|
365
Roku
ROKU
$21.1B
| $209K | ﹤0.01% |
+2,382
| New | +$166K |
|
366
CALL
Colgate-Palmolive
CL
$72.6B
| $209K | ﹤0.01% |
2,300
-300
| -12% | -$27.4K |
|
367
Pan American Silver
PAAS
$18.6B
| $209K | ﹤0.01% |
+5,400
| New | +$140K |
|
368
Manhattan Associates
MANH
$8.97B
| $208K | ﹤0.01% |
+1,052
| New | +$191K |
|
369
Ovintiv
OVV
$17.5B
| $206K | ﹤0.01% |
+5,416
| New | +$199K |
|
370
PUT
Synopsys
SNPS
$71.5B
| $205K | ﹤0.01% |
400
| – | – |
|
371
CALL
RTX Corp
RTX
$287B
| $204K | ﹤0.01% |
1,400
-200
| -13% | -$26.6K |
|
372
CALL
Thermo Fisher Scientific
TMO
$211B
| $203K | ﹤0.01% |
500
| – | – |
|
|
373
PUT
Thermo Fisher Scientific
TMO
$211B
| $203K | ﹤0.01% |
500
-1,200
| -71% | -$502K |
|
374
PUT
Intercontinental Exchange
ICE
$82.4B
| $202K | ﹤0.01% |
1,100
| – | – |
|
375
Host Hotels & Resorts
HST
$16.8B
| $199K | ﹤0.01% |
+12,958
| New | +$192K |
|
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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.