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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 | |
|---|---|---|---|---|---|---|
426
CALL
Shopify
SHOP
$165B
| $565K | ﹤0.01% |
+3,800
| New | +$515K |
|
427
Comcast
CMCSA
$80.9B
| $563K | ﹤0.01% |
17,920
+10,440
| +140% | +$350K |
|
428
Salesforce
CRM
$142B
| $557K | ﹤0.01% |
2,352
+1,573
| +202% | +$397K |
|
429
Accenture
ACN
$94.3B
| $554K | ﹤0.01% |
2,247
+1,908
| +563% | +$498K |
|
430
iShares 20+ Year Treasury Bond ETF
TLT
$42.8B
| $552K | ﹤0.01% |
6,181
-114,172
| -95% | -$9.99M |
|
431
iShares MSCI Saudi Arabia ETF
KSA
$623M
| $543K | ﹤0.01% |
+13,383
| New | +$509K |
|
432
McDonald's
MCD
$192B
| $535K | ﹤0.01% |
1,761
+859
| +95% | +$261K |
|
433
PUT
Blackstone
BX
$106B
| $530K | ﹤0.01% |
3,100
+700
| +29% | +$120K |
|
434
United Rentals
URI
$70.2B
| $529K | ﹤0.01% |
+554
| New | +$494K |
|
435
PUT
Agilent Technologies
A
$38.9B
| $526K | ﹤0.01% |
+4,100
| New | +$495K |
|
436
Caesars Entertainment
CZR
$6.1B
| $526K | ﹤0.01% |
+19,457
| New | +$527K |
|
437
Palo Alto Networks
PANW
$259B
| $524K | ﹤0.01% |
2,571
+1,131
| +79% | +$217K |
|
438
Philip Morris
PM
$305B
| $519K | ﹤0.01% |
3,199
+3,166
| +9,594% | +$533K |
|
439
Progressive
PGR
$125B
| $518K | ﹤0.01% |
2,097
+1,911
| +1,027% | +$471K |
|
440
iShares MSCI Brazil ETF
EWZ
$9.08B
| $513K | ﹤0.01% |
16,564
-29,006
| -64% | -$830K |
|
441
CALL
GE Aerospace
GE
$375B
| $511K | ﹤0.01% |
1,700
+600
| +55% | +$164K |
|
442
PUT
NetApp
NTAP
$33.3B
| $509K | ﹤0.01% |
+4,300
| New | +$481K |
|
443
Liberty Global Class C
LBTYK
$3.27B
| $506K | ﹤0.01% |
+43,029
| New | +$482K |
|
444
CALL
Bank of America
BAC
$436B
| $500K | ﹤0.01% |
9,700
-116,200
| -92% | -$5.67M |
|
445
ConocoPhillips
COP
$141B
| $497K | ﹤0.01% |
5,251
+3,512
| +202% | +$332K |
|
446
First Solar
FSLR
$22.1B
| $495K | ﹤0.01% |
+2,243
| New | +$431K |
|
447
PUT
ResMed
RMD
$29.5B
| $493K | ﹤0.01% |
+1,800
| New | +$492K |
|
448
Vanguard S&P 500 ETF
VOO
$968B
| $490K | ﹤0.01% |
+800
| New | +$472K |
|
449
Scotiabank
BNS
$106B
| $483K | ﹤0.01% |
+7,465
| New | +$440K |
|
450
PUT
AES
AES
$10.6B
| $482K | ﹤0.01% |
+36,600
| New | +$475K |
|
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.