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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
ORCL icon
351
Oracle
ORCL
$331B
$625K ﹤0.01%
3,205
-2,483
-44% -$591K
APH icon
352
Amphenol
APH
$188B
$613K ﹤0.01%
4,535
+3,735
+467% +$500K
CVX icon
353
Chevron
CVX
$388B
$611K ﹤0.01%
4,009
-8,140
-67% -$1.24M
GILD icon
354
PUT
Gilead Sciences
GILD
$161B
$601K ﹤0.01%
4,900
-11,700
-70% -$1.42M
INTC icon
355
PUT
Intel
INTC
$466B
$598K ﹤0.01%
16,200
-104,300
-87% -$3.94M
PSA icon
356
Public Storage
PSA
$60.2B
$597K ﹤0.01%
2,300
+1,204
+110% +$337K
EQIX icon
357
Equinix
EQIX
$107B
$590K ﹤0.01%
770
+428
+125% +$335K
A icon
358
PUT
Agilent Technologies
A
$39.1B
$585K ﹤0.01%
4,300
+200
+5% +$28.7K
GRAB icon
359
Grab
GRAB
$13.5B
$577K ﹤0.01%
115,614
+70,330
+155% +$389K
WULF icon
360
CALL
TeraWulf
WULF
$9.15B
$575K ﹤0.01%
50,000
-91,000
-65% -$1.22M
WULF icon
361
PUT
TeraWulf
WULF
$9.15B
$575K ﹤0.01%
50,000
-91,000
-65% -$1.22M
BX icon
362
PUT
Blackstone
BX
$104B
$570K ﹤0.01%
3,700
+600
+19% +$91.2K
SJM icon
363
PUT
J.M. Smucker
SJM
$12.6B
$567K ﹤0.01%
5,800
– –
PM icon
364
CALL
Philip Morris
PM
$301B
$561K ﹤0.01%
3,500
+1,200
+52% +$186K
UNH icon
365
PUT
UnitedHealth
UNH
$382B
$561K ﹤0.01%
1,700
-962,100
-100% -$326M
SHW icon
366
Sherwin-Williams
SHW
$78.3B
$554K ﹤0.01%
1,709
+576
+51% +$193K
ACN icon
367
Accenture
ACN
$89.9B
$551K ﹤0.01%
2,053
-194
-9% -$49.3K
PG icon
368
Procter & Gamble
PG
$343B
$545K ﹤0.01%
3,806
-5,033
-57% -$742K
ABT icon
369
CALL
Abbott
ABT
$180B
$539K ﹤0.01%
4,300
+1,400
+48% +$178K
BKNG icon
370
PUT
Booking.com
BKNG
$138B
$536K ﹤0.01%
2,500
-12,500
-83% -$2.57M
SYK icon
371
PUT
Stryker
SYK
$127B
$527K ﹤0.01%
1,500
+300
+25% +$109K
GDXJ icon
372
VanEck Junior Gold Miners ETF
GDXJ
$7.06B
$526K ﹤0.01%
4,620
+614
+15% +$63.5K
AES icon
373
PUT
AES
AES
$10.6B
$525K ﹤0.01%
36,600
– –
TMO icon
374
CALL
Thermo Fisher Scientific
TMO
$211B
$522K ﹤0.01%
900
+200
+29% +$113K
MCD icon
375
CALL
McDonald's
MCD
$188B
$520K ﹤0.01%
1,700
+500
+42% +$153K
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 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.