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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
+0.74%
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
$20B
AUM Growth
-$124M
Cap. Flow
+$329M
Cap. Flow %
1.65%
Top 10 Hldgs %
68.14%
Holding
948
New
155
Increased
289
Reduced
312
Closed
138

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.4B
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.76B
3
IBM icon
IBM
IBM
+$204M
4
BABA icon
Alibaba
BABA
+$169M
5
UBER icon
Uber
UBER
+$111M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$6.67B
2
MSTR icon
Strategy Inc
MSTR
+$375M
3
UNH icon
UnitedHealth
UNH
+$326M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$279M
5
AMAT icon
Applied Materials
AMAT
+$122M

Sector Composition

Rank Sector Weight
1 Technology 4.56%
2 Consumer Discretionary 2.07%
3 Communication Services 2.06%
4 Financials 1.46%
5 Industrials 0.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABBV icon
451
AbbVie
ABBV
$458B
$352K ﹤0.01%
1,540
-3,309
-68% -$754K
GS icon
452
CALL
Goldman Sachs
GS
$313B
$352K ﹤0.01%
400
-45,100
-99% -$36.8M
HON icon
453
CALL
Honeywell
HON
$77.1B
$351K ﹤0.01%
1,800
+421
+31% +$82.4K
TT icon
454
PUT
Trane Technologies
TT
$106B
$350K ﹤0.01%
900
+200
+29% +$82.7K
CL icon
455
Colgate-Palmolive
CL
$72.6B
$346K ﹤0.01%
4,376
+2,667
+156% +$209K
JNJ icon
456
Johnson & Johnson
JNJ
$635B
$346K ﹤0.01%
1,670
-2,019
-55% -$399K
DHR icon
457
CALL
Danaher
DHR
$135B
$343K ﹤0.01%
1,500
+200
+15% +$44K
NOC icon
458
PUT
Northrop Grumman
NOC
$77B
$342K ﹤0.01%
600
+100
+20% +$58K
DUK icon
459
PUT
Duke Energy
DUK
$102B
$340K ﹤0.01%
2,900
-11,100
-79% -$1.36M
NTAP icon
460
NetApp
NTAP
$32.9B
$338K ﹤0.01%
3,153
+884
+39% +$101K
LOW icon
461
CALL
Lowe's Companies
LOW
$116B
$338K ﹤0.01%
1,400
-1,600
-53% -$384K
PNC icon
462
PUT
PNC Financial Services
PNC
$100B
$334K ﹤0.01%
1,600
+300
+23% +$57.9K
BSX icon
463
CALL
Boston Scientific
BSX
$65.8B
$334K ﹤0.01%
3,500
-2,500
-42% -$245K
CVS icon
464
PUT
CVS Health
CVS
$137B
$333K ﹤0.01%
4,200
-74,000
-95% -$5.83M
APA icon
465
PUT
APA Corp
APA
$12.8B
$330K ﹤0.01%
13,500
– –
RTX icon
466
CALL
RTX Corp
RTX
$287B
$330K ﹤0.01%
1,800
-400
-18% -$69.5K
SYK icon
467
Stryker
SYK
$127B
$330K ﹤0.01%
939
+518
+123% +$189K
CIEN icon
468
CALL
Ciena
CIEN
$55.3B
$327K ﹤0.01%
1,400
-12,400
-90% -$2.41M
CZR icon
469
Caesars Entertainment
CZR
$6.1B
$324K ﹤0.01%
13,850
-5,607
-29% -$126K
MMM icon
470
PUT
3M
MMM
$89B
$320K ﹤0.01%
2,000
+400
+25% +$65.4K
MCD icon
471
McDonald's
MCD
$188B
$320K ﹤0.01%
1,047
-714
-41% -$219K
PGR icon
472
CALL
Progressive
PGR
$124B
$319K ﹤0.01%
1,400
+500
+56% +$113K
PFE icon
473
CALL
Pfizer
PFE
$140B
$319K ﹤0.01%
12,800
-18,000
-58% -$454K
EMR icon
474
PUT
Emerson Electric
EMR
$82.9B
$319K ﹤0.01%
2,400
+400
+20% +$53.1K
SYK icon
475
CALL
Stryker
SYK
$127B
$316K ﹤0.01%
900
+300
+50% +$109K
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 Q4 2025 Portfolio in Review

As of Q4 2025, Capula Management held 948 positions worth $20B, down 0.62% from $20.1B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Capula Management's Q4 2025 filing shows 155 new, 289 increased, 312 reduced and 138 closed positions. Its largest new stake was Alphabet (Google) Class C: 160,000 shares worth $50.2M. The largest sale was iShares Core S&P 500 ETF, an estimated $6.67B.

By sector, the portfolio is most concentrated in Technology at 4.6% of assets, down from 6.3% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Capula Management's largest Q4 2025 buy was Alphabet (Google) Class C: 160,000 shares worth $50.2M.
  • Capula Management added most to Vanguard S&P 500 ETF in Q4 2025, an estimated $7.4B increase.
  • Capula Management's biggest Q4 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $6.67B.
  • Capula Management fully exited UnitedHealth in Q4 2025, selling an estimated $326M.
  • Capula Management's ten largest holdings make up 68% of its $20B portfolio in Q4 2025.
  • Capula Management opened 155 new positions and closed 138 in Q4 2025.
  • Capula Management's portfolio value fell 0.62% quarter-over-quarter to $20B.

Based on Capula Management's 13F filing for Q4 2025, filed 13 Feb 2026.