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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
+11.82%
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
$2.5B
AUM Growth
-$2.27B
(-48%)
Cap. Flow
-$2.63B
Cap. Flow
% of AUM
-105.51%
Top 10 Holdings %
Top 10 Hldgs %
80.1%
Holding
639
New
139
Increased
32
Reduced
114
Closed
353
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$117M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$26.7M |
| 3 |
State Street Real Estate Select Sector SPDR ETF
XLRE
|
+$20.4M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$13.3M |
| 5 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$12.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$33.7M |
| 2 |
Apple
AAPL
|
+$30.5M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$30.1M |
| 4 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$28M |
| 5 |
United Parcel Service
UPS
|
+$18.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 11.97% |
| 2 | Consumer Discretionary | 5.27% |
| 3 | Energy | 1.73% |
| 4 | Technology | 1.28% |
| 5 | Financials | 0.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
JD.com
JD
$40.8B
| – | – |
-16,981
| Closed | -$495K |
|
|
427
PUT
JD.com
JD
$40.8B
| – | – |
-40,000
| Closed | -$1.17M |
|
428
Johnson & Johnson
JNJ
$635B
| – | – |
-2,972
| Closed | -$456K |
|
|
JNPR
429
DELISTED
Juniper Networks
JNPR
| – | – |
-7,500
| Closed | -$208K |
|
430
CALL
JPMorgan Chase
JPM
$939B
| – | – |
-11,400
| Closed | -$1.65M |
|
|
431
JPMorgan Chase
JPM
$939B
| – | – |
-237
| Closed | -$34.4K |
|
|
432
PUT
JPMorgan Chase
JPM
$939B
| – | – |
-11,500
| Closed | -$1.67M |
|
|
JWN
433
DELISTED
Nordstrom
JWN
| – | – |
-63,180
| Closed | -$944K |
|
434
Kyndryl
KD
$2.66B
| – | – |
-29,520
| Closed | -$446K |
|
435
KKR & Co
KKR
$89.2B
| – | – |
-8,100
| Closed | -$499K |
|
436
PUT
CarMax
KMX
$8.27B
| – | – |
-89,900
| Closed | -$6.36M |
|
437
Kiniksa Pharmaceuticals
KNSA
$4.83B
| – | – |
-51,340
| Closed | -$892K |
|
438
Kroger
KR
$34.8B
| – | – |
-10,480
| Closed | -$469K |
|
|
KW
439
DELISTED
Kennedy-Wilson Holdings
KW
| – | – |
-61,080
| Closed | -$900K |
|
440
Liberty Broadband Class C
LBRDK
$4.15B
| – | – |
-3,130
| Closed | -$286K |
|
441
Ligand Pharmaceuticals
LGND
$6.02B
| – | – |
-14,900
| Closed | -$893K |
|
442
CALL
Linde
LIN
$237B
| – | – |
-1,800
| Closed | -$670K |
|
|
443
PUT
Linde
LIN
$237B
| – | – |
-1,800
| Closed | -$670K |
|
444
CALL
Eli Lilly
LLY
$1.07T
| – | – |
-2,300
| Closed | -$1.24M |
|
|
445
Eli Lilly
LLY
$1.07T
| – | – |
-620
| Closed | -$333K |
|
|
446
PUT
Eli Lilly
LLY
$1.07T
| – | – |
-2,400
| Closed | -$1.29M |
|
447
CALL
Lowe's Companies
LOW
$116B
| – | – |
-2,200
| Closed | -$457K |
|
|
448
Lowe's Companies
LOW
$116B
| – | – |
-1,404
| Closed | -$292K |
|
|
449
PUT
Lowe's Companies
LOW
$116B
| – | – |
-2,200
| Closed | -$457K |
|
450
Louisiana-Pacific
LPX
$5.2B
| – | – |
-8,780
| Closed | -$485K |
|
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Capula Management's Q4 2023 Portfolio in Review
As of Q4 2023, Capula Management held 639 positions worth $2.5B, down 48% from $4.77B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Capula Management withdrew a net $2.63B in Q4 2023, closing 353 positions and reducing 114 holdings. Its most notable exit was Activision Blizzard, an estimated $33.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 12% of assets, up from 6% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Capula Management opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $122M.
- Capula Management's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 1,574,000 shares worth $122M.
- Capula Management added most to Pioneer Natural Resource Co. in Q4 2023, an estimated $26.7M increase.
- Capula Management's biggest Q4 2023 reduction was Apple, cutting an estimated $30.5M.
- Capula Management fully exited Activision Blizzard in Q4 2023, selling an estimated $33.7M.
- Capula Management's ten largest holdings make up 80% of its $2.5B portfolio in Q4 2023.
- Capula Management opened 139 new positions and closed 353 in Q4 2023.
- Capula Management's portfolio value fell 48% quarter-over-quarter to $2.5B.
Based on Capula Management's 13F filing for Q4 2023, filed 12 Feb 2024.