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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
(+87%)
Cap. Flow
+$8.06B
Cap. Flow
% of AUM
40.12%
Top 10 Holdings %
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.79B |
| 2 |
Strategy Inc
MSTR
|
+$651M |
| 3 |
UnitedHealth
UNH
|
+$291M |
| 4 |
Coinbase
COIN
|
+$170M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
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 | |
|---|---|---|---|---|---|---|
376
ServiceNow
NOW
$109B
| $831K | ﹤0.01% |
+4,515
| New | +$843K |
|
377
CALL
S&P Global
SPGI
$130B
| $827K | ﹤0.01% |
1,700
+1,400
| +467% | +$750K |
|
378
Linde
LIN
$234B
| $823K | ﹤0.01% |
1,733
+1,641
| +1,784% | +$777K |
|
379
PUT
Eversource Energy
ES
$28.1B
| $818K | ﹤0.01% |
+11,500
| New | +$754K |
|
380
CALL
Oracle
ORCL
$345B
| $816K | ﹤0.01% |
2,900
+900
| +45% | +$229K |
|
381
Teck Resources
TECK
$29.3B
| $803K | ﹤0.01% |
+13,294
| New | +$483K |
|
|
SCHW
382
CALL
Charles Schwab
SCHW
$181B
| $802K | ﹤0.01% |
8,400
+6,700
| +394% | +$636K |
|
383
CALL
Pfizer
PFE
$141B
| $785K | ﹤0.01% |
30,800
+23,200
| +305% | +$573K |
|
384
Boston Scientific
BSX
$67.6B
| $780K | ﹤0.01% |
7,992
+7,711
| +2,744% | +$799K |
|
385
Coca-Cola
KO
$362B
| $780K | ﹤0.01% |
11,765
+11,330
| +2,605% | +$780K |
|
386
PUT
Macy's
M
$6.57B
| $773K | ﹤0.01% |
+43,100
| New | +$610K |
|
387
PUT
McKesson
MCK
$99.5B
| $773K | ﹤0.01% |
+1,000
| New | +$704K |
|
388
CALL
Chewy
CHWY
$8.93B
| $765K | ﹤0.01% |
+18,900
| New | +$729K |
|
389
CALL
United Rentals
URI
$70.2B
| $764K | ﹤0.01% |
+800
| New | +$713K |
|
390
Intuit
INTU
$83.1B
| $763K | ﹤0.01% |
+1,117
| New | +$805K |
|
391
CALL
Intuitive Surgical
ISRG
$128B
| $760K | ﹤0.01% |
1,700
+1,300
| +325% | +$624K |
|
392
PUT
Sysco
SYY
$40.2B
| $758K | ﹤0.01% |
+9,200
| New | +$736K |
|
393
CALL
ConocoPhillips
COP
$141B
| $757K | ﹤0.01% |
8,000
+6,500
| +433% | +$615K |
|
394
Analog Devices
ADI
$181B
| $755K | ﹤0.01% |
+3,071
| New | +$738K |
|
395
Cisco
CSCO
$452B
| $754K | ﹤0.01% |
11,025
+10,699
| +3,282% | +$729K |
|
396
CALL
Lowe's Companies
LOW
$119B
| $754K | ﹤0.01% |
3,000
+2,300
| +329% | +$565K |
|
397
CALL
Walmart Inc
WMT
$889B
| $742K | ﹤0.01% |
7,200
+2,400
| +50% | +$239K |
|
398
Zoom
ZM
$26.7B
| $739K | ﹤0.01% |
+8,958
| New | +$699K |
|
|
399
CALL
ServiceNow
NOW
$109B
| $736K | ﹤0.01% |
4,000
+2,500
| +167% | +$467K |
|
400
CALL
CrowdStrike
CRWD
$183B
| $736K | ﹤0.01% |
6,000
+5,200
| +650% | +$591K |
|
Similar funds
X
BIP
FGP
TI
SSA
SAM
BBVA
IFP
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.