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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 | |
|---|---|---|---|---|---|---|
401
CALL
Home Depot
HD
$332B
| $729K | ﹤0.01% |
1,800
-900
| -33% | -$354K |
|
|
AXON
402
PUT
Axon Enterprise
AXON
$40.5B
| $718K | ﹤0.01% |
+1,000
| New | +$759K |
|
|
403
CALL
UnitedHealth
UNH
$382B
| $691K | ﹤0.01% |
2,000
-7,400
| -79% | -$2.24M |
|
404
Johnson & Johnson
JNJ
$635B
| $684K | ﹤0.01% |
3,689
+3,045
| +473% | +$522K |
|
405
PUT
MSCI
MSCI
$40B
| $681K | ﹤0.01% |
+1,200
| New | +$678K |
|
406
ARK Innovation ETF
ARKK
$5.69B
| $679K | ﹤0.01% |
+7,872
| New | +$602K |
|
407
Adobe
ADBE
$89.5B
| $672K | ﹤0.01% |
1,905
+1,680
| +747% | +$603K |
|
408
Gilead Sciences
GILD
$161B
| $667K | ﹤0.01% |
6,009
+3,123
| +108% | +$355K |
|
409
Goldman Sachs
GS
$313B
| $660K | ﹤0.01% |
+829
| New | +$614K |
|
410
PUT
Capital One
COF
$124B
| $659K | ﹤0.01% |
3,100
+2,300
| +288% | +$504K |
|
411
Global X Copper Miners ETF NEW
COPX
$7.18B
| $652K | ﹤0.01% |
10,902
-35,072
| -76% | -$1.7M |
|
412
Honeywell
HON
$77.1B
| $649K | ﹤0.01% |
+3,269
| New | +$683K |
|
413
Amplify Junior Silver Miners ETF
SILJ
$3.27B
| $648K | ﹤0.01% |
28,056
-37,672
| -57% | -$659K |
|
414
Micron Technology
MU
$1.04T
| $645K | ﹤0.01% |
+3,857
| New | +$494K |
|
415
PUT
Union Pacific
UNP
$183B
| $638K | ﹤0.01% |
2,700
+1,200
| +80% | +$270K |
|
416
CALL
Procter & Gamble
PG
$343B
| $630K | ﹤0.01% |
4,100
+1,300
| +46% | +$203K |
|
417
PUT
J.M. Smucker
SJM
$12.6B
| $630K | ﹤0.01% |
+5,800
| New | +$630K |
|
418
Global X Silver Miners ETF NEW
SIL
$4.07B
| $628K | ﹤0.01% |
8,766
-11,234
| -56% | -$630K |
|
419
Ford
F
$57.3B
| $613K | ﹤0.01% |
+51,278
| New | +$591K |
|
420
Amgen
AMGN
$203B
| $609K | ﹤0.01% |
2,159
+1,491
| +223% | +$432K |
|
421
CALL
Duke Energy
DUK
$102B
| $606K | ﹤0.01% |
4,900
+4,100
| +513% | +$498K |
|
422
Automatic Data Processing
ADP
$100B
| $594K | ﹤0.01% |
2,025
+1,864
| +1,158% | +$561K |
|
423
CALL
Vertex Pharmaceuticals
VRTX
$121B
| $587K | ﹤0.01% |
1,500
+1,200
| +400% | +$502K |
|
424
CALL
Boston Scientific
BSX
$65.8B
| $586K | ﹤0.01% |
6,000
+4,400
| +275% | +$456K |
|
|
425
CALL
Johnson & Johnson
JNJ
$635B
| $575K | ﹤0.01% |
3,100
+400
| +15% | +$68.5K |
|
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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.