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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
Cap. Flow
+$8.06B
Cap. Flow %
40.12%
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.79B
2
MSTR icon
Strategy Inc
MSTR
+$651M
3
UNH icon
UnitedHealth
UNH
+$291M
4
COIN icon
Coinbase
COIN
+$170M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$151M

Top Sells

Rank Stock Value
1
SPY icon
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
APP icon
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
IBM icon
451
CALL
IBM
IBM
$202B
$480K ﹤0.01%
1,700
+600
+55% +$157K
WFC icon
452
CALL
Wells Fargo
WFC
$261B
$478K ﹤0.01%
5,700
+1,900
+50% +$154K
GD icon
453
CALL
General Dynamics
GD
$105B
$477K ﹤0.01%
1,400
+1,100
+367% +$347K
SDY icon
454
State Street SPDR S&P Dividend ETF
SDY
$21.8B
$475K ﹤0.01%
3,393
-12,503
-79% -$1.74M
MPC icon
455
CALL
Marathon Petroleum
MPC
$90.3B
$463K ﹤0.01%
+2,400
New +$422K
SCHW
456
Charles Schwab
SCHW
$177B
$459K ﹤0.01%
+4,806
New +$456K
ETN icon
457
Eaton
ETN
$157B
$454K ﹤0.01%
+1,214
New +$442K
PNR icon
458
PUT
Pentair
PNR
$10.2B
$454K ﹤0.01%
+4,100
New +$438K
CRM icon
459
CALL
Salesforce
CRM
$134B
$450K ﹤0.01%
1,900
-59,400
-97% -$15M
SYK icon
460
PUT
Stryker
SYK
$127B
$444K ﹤0.01%
1,200
+400
+50% +$155K
DVA icon
461
PUT
DaVita
DVA
$15.1B
$438K ﹤0.01%
+3,300
New +$453K
M icon
462
CALL
Macy's
M
$6.15B
$434K ﹤0.01%
+24,200
New +$343K
CCL icon
463
Carnival Corporation Ltd
CCL
$36.1B
$434K ﹤0.01%
+15,003
New +$453K
CAT icon
464
CALL
Caterpillar
CAT
$409B
$429K ﹤0.01%
900
+300
+50% +$128K
MRK icon
465
CALL
Merck
MRK
$324B
$428K ﹤0.01%
5,100
+1,500
+42% +$124K
GE icon
466
GE Aerospace
GE
$367B
$426K ﹤0.01%
+1,416
New +$387K
MELI icon
467
Mercado Libre
MELI
$91.3B
$425K ﹤0.01%
+182
New +$437K
KO icon
468
CALL
Coca-Cola
KO
$354B
$424K ﹤0.01%
6,400
+2,200
+52% +$151K
STX icon
469
Seagate
STX
$193B
$422K ﹤0.01%
+1,786
New +$305K
DBX icon
470
PUT
Dropbox
DBX
$6.81B
$414K ﹤0.01%
+13,700
New +$392K
ABT icon
471
Abbott
ABT
$180B
$411K ﹤0.01%
3,068
+2,831
+1,195% +$372K
ADSK icon
472
Autodesk
ADSK
$44.3B
$407K ﹤0.01%
+1,280
New +$390K
SLG icon
473
PUT
SL Green Realty
SLG
$3.88B
$401K ﹤0.01%
+6,700
New +$397K
ABNB icon
474
CALL
Airbnb
ABNB
$83.7B
$401K ﹤0.01%
3,300
+2,800
+560% +$362K
EOG icon
475
EOG Resources
EOG
$78B
$400K ﹤0.01%
3,570
+3,142
+734% +$375K
17 18
19
20 21

Similar funds

X
Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return
BIP
Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return
FGP
Freestone Grove Partners San Francisco, California $14.2B AUM 24.58% 1-Year Est. Return
TI
Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return
SSA
Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return
SAM
Silvercrest Asset Management New York $13.8B AUM 28.39% 1-Year Est. Return
BBVA
Banco Bilbao Vizcaya Argentaria Madrid, Spain $14.3B AUM 26.23% 1-Year Est. Return
IFP
Independent Franchise Partners London, United Kingdom $14.3B AUM 3.49% 1-Year Est. Return

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.