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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
+12.86%
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
$10.8B
AUM Growth
-$7.21B
(-40%)
Cap. Flow
-$9.02B
Cap. Flow
% of AUM
-83.79%
Top 10 Holdings %
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$578M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$113M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$97.4M |
| 4 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$58.9M |
| 5 |
K
Kellanova
K
|
+$28.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.43B |
| 2 |
NVIDIA
NVDA
|
+$693M |
| 3 |
Strategy Inc
MSTR
|
+$473M |
| 4 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$241M |
| 5 |
Uber
UBER
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0.58% |
| 2 | Financials | 0.52% |
| 3 | Consumer Discretionary | 0.38% |
| 4 | Consumer Staples | 0.33% |
| 5 | Healthcare | 0.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
426
CALL
Charles Schwab
SCHW
$177B
| $155K | ﹤0.01% |
+1,700
| New | +$142K |
|
427
PUT
Vistra
VST
$55.1B
| $155K | ﹤0.01% |
+800
| New | +$118K |
|
428
PUT
Autodesk
ADSK
$44.3B
| $155K | ﹤0.01% |
+500
| New | +$142K |
|
429
PUT
Colgate-Palmolive
CL
$72.6B
| $155K | ﹤0.01% |
1,700
-2,600
| -60% | -$237K |
|
430
CALL
Automatic Data Processing
ADP
$100B
| $154K | ﹤0.01% |
+500
| New | +$154K |
|
431
CALL
Arista Networks
ANET
$219B
| $153K | ﹤0.01% |
+1,500
| New | +$130K |
|
432
CALL
Deere & Co
DE
$170B
| $153K | ﹤0.01% |
+300
| New | +$147K |
|
433
PUT
Quanta Services
PWR
$93.9B
| $151K | ﹤0.01% |
+400
| New | +$128K |
|
434
PUT
Northrop Grumman
NOC
$77B
| $150K | ﹤0.01% |
300
| – | – |
|
435
CALL
Blackstone
BX
$104B
| $150K | ﹤0.01% |
+1,000
| New | +$137K |
|
436
PUT
Illinois Tool Works
ITW
$81.4B
| $148K | ﹤0.01% |
600
| – | – |
|
437
CALL
TJX Companies
TJX
$170B
| $148K | ﹤0.01% |
1,200
-500
| -29% | -$63.4K |
|
438
United Parcel Service
UPS
$97.6B
| $147K | ﹤0.01% |
1,458
+401
| +38% | +$39.5K |
|
439
PUT
CSX Corp
CSX
$98.6B
| $147K | ﹤0.01% |
+4,500
| New | +$135K |
|
440
PUT
General Dynamics
GD
$105B
| $146K | ﹤0.01% |
500
-100
| -17% | -$27.5K |
|
441
CALL
Chubb
CB
$140B
| $145K | ﹤0.01% |
+500
| New | +$144K |
|
442
PUT
Williams Companies
WMB
$90.5B
| $144K | ﹤0.01% |
+2,300
| New | +$136K |
|
443
IAMGOLD
IAG
$8.47B
| $143K | ﹤0.01% |
+14,300
| New | +$100K |
|
444
CALL
Analog Devices
ADI
$181B
| $143K | ﹤0.01% |
600
-3,600
| -86% | -$750K |
|
445
CALL
Eaton
ETN
$157B
| $143K | ﹤0.01% |
400
| – | – |
|
446
PUT
Air Products & Chemicals
APD
$66.3B
| $141K | ﹤0.01% |
500
| – | – |
|
447
CALL
Parker-Hannifin
PH
$125B
| $140K | ﹤0.01% |
+200
| New | +$126K |
|
448
PUT
Digital Realty Trust
DLR
$73.7B
| $139K | ﹤0.01% |
+800
| New | +$131K |
|
449
CALL
Lockheed Martin
LMT
$134B
| $139K | ﹤0.01% |
+300
| New | +$140K |
|
450
PUT
Fortinet
FTNT
$112B
| $137K | ﹤0.01% |
+1,300
| New | +$131K |
|
Similar funds
X
BIP
FGP
TI
SSA
SAM
BBVA
IFP
Capula Management's Q2 2025 Portfolio in Review
As of Q2 2025, Capula Management held 894 positions worth $10.8B, down 40% from $18B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Capula Management withdrew a net $9.02B in Q2 2025, closing 265 positions and reducing 276 holdings. Its most notable exit was NVIDIA, an estimated $693M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0.58% of assets, down from 0.99% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Capula Management opened a new position in Blueprint Medicines worth $20M.
- Capula Management's largest Q2 2025 buy was Blueprint Medicines: 156,114 shares worth $20M.
- Capula Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2025, an estimated $578M increase.
- Capula Management's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.43B.
- Capula Management fully exited NVIDIA in Q2 2025, selling an estimated $693M.
- Capula Management's ten largest holdings make up 86% of its $10.8B portfolio in Q2 2025.
- Capula Management opened 215 new positions and closed 265 in Q2 2025.
- Capula Management's portfolio value fell 40% quarter-over-quarter to $10.8B.
Based on Capula Management's 13F filing for Q2 2025, filed 13 Aug 2025.