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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
QCOM icon
351
Qualcomm
QCOM
$176B
$1.05M 0.01%
6,288
+5,603
+818% +$889K
LIN icon
352
CALL
Linde
LIN
$237B
$1.04M 0.01%
2,200
+1,700
+340% +$805K
KWEB icon
353
KraneShares CSI China Internet ETF
KWEB
$5.2B
$1.04M 0.01%
24,739
-5,916
-19% -$222K
AMT icon
354
American Tower
AMT
$77.7B
$1.01M 0.01%
5,267
+5,180
+5,954% +$1.08M
O icon
355
PUT
Realty Income
O
$61.2B
$1.01M 0.01%
+16,600
New +$967K
EOG icon
356
PUT
EOG Resources
EOG
$78B
$1.01M 0.01%
9,000
+7,900
+718% +$942K
V icon
357
CALL
Visa
V
$677B
$990K ﹤0.01%
2,900
+1,000
+53% +$346K
BATRK icon
358
Atlanta Braves Holdings Series B
BATRK
$3.23B
$977K ﹤0.01%
+23,498
New +$1.04M
ARM icon
359
Arm
ARM
$278B
$972K ﹤0.01%
+6,870
New +$1M
FIG
360
Figma
FIG
$11.2B
$956K ﹤0.01%
+18,435
New +$1.27M
INTU icon
361
CALL
Intuit
INTU
$81.1B
$956K ﹤0.01%
1,400
+1,100
+367% +$793K
PEP icon
362
PepsiCo
PEP
$186B
$941K ﹤0.01%
6,697
+5,215
+352% +$745K
CVS icon
363
CVS Health
CVS
$137B
$938K ﹤0.01%
12,436
-7,049
-36% -$483K
MELI icon
364
PUT
Mercado Libre
MELI
$91.3B
$935K ﹤0.01%
+400
New +$960K
PEP icon
365
CALL
PepsiCo
PEP
$186B
$927K ﹤0.01%
6,600
+4,800
+267% +$685K
LLY icon
366
CALL
Eli Lilly
LLY
$1.07T
$916K ﹤0.01%
1,200
+400
+50% +$298K
CIEN icon
367
PUT
Ciena
CIEN
$55.3B
$903K ﹤0.01%
+6,200
New +$631K
PLD icon
368
PUT
Prologis
PLD
$138B
$893K ﹤0.01%
7,800
+5,600
+255% +$616K
ICE icon
369
PUT
Intercontinental Exchange
ICE
$82.4B
$876K ﹤0.01%
5,200
+4,100
+373% +$733K
SHW icon
370
PUT
Sherwin-Williams
SHW
$78.3B
$866K ﹤0.01%
2,500
+2,000
+400% +$705K
AZO icon
371
CALL
AutoZone
AZO
$48.3B
$858K ﹤0.01%
200
– –
NKE icon
372
CALL
Nike
NKE
$61.9B
$858K ﹤0.01%
12,300
+10,700
+669% +$797K
XOM icon
373
CALL
ExxonMobil
XOM
$651B
$857K ﹤0.01%
7,600
+2,500
+49% +$278K
ANET icon
374
PUT
Arista Networks
ANET
$219B
$845K ﹤0.01%
5,800
+2,100
+57% +$270K
PSA icon
375
PUT
Public Storage
PSA
$60.2B
$838K ﹤0.01%
+2,900
New +$832K
13 14
15
16 17

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.