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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
+5.82%
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
$17.2B
AUM Growth
+$7.33B
Cap. Flow
+$6.92B
Cap. Flow %
40.26%
Top 10 Hldgs %
85.6%
Holding
641
New
158
Increased
99
Reduced
98
Closed
278

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$5.08B
2
NVDA icon
NVIDIA
NVDA
+$531M
3
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$480M
4
CRWD icon
CrowdStrike
CRWD
+$214M
5
AMD icon
Advanced Micro Devices
AMD
+$159M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$301M
2
AMZN icon
Amazon
AMZN
+$172M
3
LLY icon
Eli Lilly
LLY
+$73M
4
XOM icon
ExxonMobil
XOM
+$57.9M
5
NFLX icon
Netflix
NFLX
+$49.1M

Sector Composition

Rank Sector Weight
1 Technology 11.34%
2 Communication Services 1.29%
3 Consumer Discretionary 0.64%
4 Energy 0.56%
5 Consumer Staples 0.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBM icon
26
PUT
IBM
IBM
$202B
$66.2M 0.39%
301,000
+292,200
+3,320% +$65.1M
IBM icon
27
IBM
IBM
$202B
$66.1M 0.38%
300,606
+300,103
+59,663% +$66.8M
AAPL icon
28
Apple
AAPL
$4.89T
$58.8M 0.34%
234,956
-17,564
-7% -$4.14M
XLF icon
29
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$53.2M 0.31%
+1,100,000
New +$53.2M
TGT icon
30
Target
TGT
$62.1B
$49.2M 0.29%
+363,600
New +$52.1M
TGT icon
31
PUT
Target
TGT
$62.1B
$49.2M 0.29%
363,600
+362,600
+36,260% +$52M
KRE icon
32
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
$48.3M 0.28%
+800,000
New +$49.6M
SPY icon
33
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$29.3M 0.17%
50,000
-575,000
-92% -$339M
SMAR
34
DELISTED
Smartsheet Inc.
SMAR
$25.5M 0.15%
455,678
+238,678
+110% +$13.4M
EEM icon
35
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
$25.1M 0.15%
600,000
-534,800
-47% -$23.7M
XLF icon
36
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$24.8M 0.14%
+513,211
New +$24.8M
HDB icon
37
HDFC Bank
HDB
$119B
$24.3M 0.14%
761,892
+247,692
+48% +$7.92M
ASX icon
38
ASE Group
ASX
$80.8B
$22.1M 0.13%
2,197,070
+1,188,410
+118% +$11.8M
BIDU icon
39
Baidu
BIDU
$35.8B
$21.1M 0.12%
+250,000
New +$22.8M
BIDU icon
40
PUT
Baidu
BIDU
$35.8B
$21.1M 0.12%
+250,000
New +$22.8M
EEM icon
41
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
$20.9M 0.12%
+500,000
New +$22.2M
SUM
42
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$18M 0.1%
+355,734
New +$16.6M
K
43
DELISTED
Kellanova
K
$16.6M 0.1%
204,464
-1,906
-0.9% -$154K
FXI icon
44
CALL
iShares China Large-Cap ETF
FXI
$4.31B
$13.7M 0.08%
450,000
-1,587,400
-78% -$50M
KWEB icon
45
CALL
KraneShares CSI China Internet ETF
KWEB
$5.2B
$13.2M 0.08%
450,000
-450,000
-50% -$14.4M
QQQ icon
46
CALL
Invesco QQQ Trust
QQQ
$455B
$12.8M 0.07%
25,000
-447,000
-95% -$226M
ALTM
47
DELISTED
Arcadium Lithium plc
ALTM
$10.8M 0.06%
+2,100,000
New +$10.7M
ATSG
48
DELISTED
Air Transport Services Group
ATSG
$10.6M 0.06%
+483,068
New +$9.56M
ROIC
49
DELISTED
Retail Opportunity Investments Corp.
ROIC
$8.97M 0.05%
+516,829
New +$8.64M
NWSA icon
50
News Corp Class A
NWSA
$14.5B
$7.81M 0.05%
283,682
+49,442
+21% +$1.38M
1
2
3 4 5

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X
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BIP
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FGP
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TI
Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return
SSA
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SAM
Silvercrest Asset Management New York $13.8B AUM 28.39% 1-Year Est. Return
BBVA
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IFP
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Capula Management's Q4 2024 Portfolio in Review

As of Q4 2024, Capula Management held 641 positions worth $17.2B, up 74% from $9.85B the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Capula Management deployed $6.92B of net new capital in Q4 2024, opening 158 new positions and adding to 99 existing holdings. Its largest new stake was iShares 20+ Year Treasury Bond ETF: 5,216,417 shares worth $456M.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 8% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was Amazon, an estimated $172M trimmed.

  • Capula Management's largest Q4 2024 buy was iShares 20+ Year Treasury Bond ETF: 5,216,417 shares worth $456M.
  • Capula Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2024, an estimated $5.08B increase.
  • Capula Management's biggest Q4 2024 reduction was Amazon, cutting an estimated $172M.
  • Capula Management fully exited Vanguard S&P 500 ETF in Q4 2024, selling an estimated $301M.
  • Capula Management's ten largest holdings make up 86% of its $17.2B portfolio in Q4 2024.
  • Capula Management opened 158 new positions and closed 278 in Q4 2024.
  • Capula Management's portfolio value rose 74% quarter-over-quarter to $17.2B.

Based on Capula Management's 13F filing for Q4 2024, filed 13 Feb 2025.