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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 | |
|---|---|---|---|---|---|---|
451
CALL
Lam Research
LRCX
$382B
| $136K | ﹤0.01% |
1,400
-9,800
| -88% | -$777K |
|
452
PUT
O'Reilly Automotive
ORLY
$72.4B
| $135K | ﹤0.01% |
1,500
| – | – |
|
453
PUT
Ecolab
ECL
$75.6B
| $135K | ﹤0.01% |
+500
| New | +$127K |
|
454
CALL
ConocoPhillips
COP
$147B
| $135K | ﹤0.01% |
1,500
-400
| -21% | -$36K |
|
455
Union Pacific
UNP
$183B
| $135K | ﹤0.01% |
585
-49
| -8% | -$10.9K |
|
456
PUT
Cintas
CTAS
$82.4B
| $134K | ﹤0.01% |
+600
| New | +$129K |
|
457
CALL
Vertex Pharmaceuticals
VRTX
$121B
| $134K | ﹤0.01% |
+300
| New | +$138K |
|
|
458
PUT
Vertex Pharmaceuticals
VRTX
$121B
| $134K | ﹤0.01% |
300
-200
| -40% | -$92.2K |
|
459
Danaher
DHR
$135B
| $133K | ﹤0.01% |
671
-518
| -44% | -$100K |
|
460
PUT
Airbnb
ABNB
$83.7B
| $132K | ﹤0.01% |
+1,000
| New | +$127K |
|
461
PUT
EOG Resources
EOG
$78B
| $132K | ﹤0.01% |
1,100
| – | – |
|
462
CALL
Trane Technologies
TT
$106B
| $131K | ﹤0.01% |
+300
| New | +$118K |
|
|
MRSH
463
CALL
Marsh
MRSH
$86.3B
| $131K | ﹤0.01% |
+600
| New | +$135K |
|
464
PUT
NXP Semiconductors
NXPI
$68B
| $131K | ﹤0.01% |
+600
| New | +$117K |
|
465
PUT
Truist Financial
TFC
$63.2B
| $129K | ﹤0.01% |
+3,000
| New | +$117K |
|
466
CALL
Starbucks
SBUX
$118B
| $128K | ﹤0.01% |
1,400
-6,100
| -81% | -$529K |
|
467
PUT
General Motors
GM
$74.7B
| $128K | ﹤0.01% |
2,600
-1,000
| -28% | -$47.4K |
|
468
NextEra Energy
NEE
$187B
| $126K | ﹤0.01% |
1,821
-300,726
| -99% | -$20.9M |
|
469
TJX Companies
TJX
$170B
| $126K | ﹤0.01% |
1,023
-77
| -7% | -$9.77K |
|
470
Regeneron Pharmaceuticals
REGN
$68.8B
| $126K | ﹤0.01% |
240
+49
| +26% | +$27.3K |
|
471
CALL
Bristol-Myers Squibb
BMY
$127B
| $125K | ﹤0.01% |
+2,700
| New | +$133K |
|
472
CALL
Medtronic
MDT
$107B
| $122K | ﹤0.01% |
+1,400
| New | +$119K |
|
473
PUT
Workday
WDAY
$33.4B
| $120K | ﹤0.01% |
+500
| New | +$122K |
|
474
CALL
KKR & Co
KKR
$89.2B
| $120K | ﹤0.01% |
+900
| New | +$105K |
|
475
CALL
Southern Company
SO
$110B
| $119K | ﹤0.01% |
+1,300
| New | +$117K |
|
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X
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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.