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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
+11.82%
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
$2.5B
AUM Growth
-$2.27B
(-48%)
Cap. Flow
-$2.63B
Cap. Flow
% of AUM
-105.51%
Top 10 Holdings %
Top 10 Hldgs %
80.1%
Holding
639
New
139
Increased
32
Reduced
114
Closed
353
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$117M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$26.7M |
| 3 |
State Street Real Estate Select Sector SPDR ETF
XLRE
|
+$20.4M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$13.3M |
| 5 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$12.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$33.7M |
| 2 |
Apple
AAPL
|
+$30.5M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$30.1M |
| 4 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$28M |
| 5 |
United Parcel Service
UPS
|
+$18.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 11.97% |
| 2 | Consumer Discretionary | 5.27% |
| 3 | Energy | 1.73% |
| 4 | Technology | 1.28% |
| 5 | Financials | 0.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Merck
MRK
$324B
| – | – |
-3,630
| Closed | -$374K |
|
|
477
PUT
Merck
MRK
$324B
| – | – |
-9,200
| Closed | -$947K |
|
478
CALL
Moderna
MRNA
$21.5B
| – | – |
-5,700
| Closed | -$589K |
|
479
Maravai LifeSciences
MRVI
$997M
| – | – |
-22,020
| Closed | -$220K |
|
480
Morgan Stanley
MS
$337B
| – | – |
-86,087
| Closed | -$6.89M |
|
481
Microsoft
MSFT
$2.84T
| – | – |
-19,551
| Closed | -$6.96M |
|
482
Motorola Solutions
MSI
$69.4B
| – | – |
-1,800
| Closed | -$490K |
|
483
PUT
Match Group
MTCH
$8.84B
| – | – |
-200,000
| Closed | -$7.83M |
|
484
MGIC Investment
MTG
$6.27B
| – | – |
-13,760
| Closed | -$230K |
|
485
Meritage Homes
MTH
$4.87B
| – | – |
-14,440
| Closed | -$884K |
|
486
CALL
Micron Technology
MU
$1.04T
| – | – |
-42,500
| Closed | -$2.89M |
|
|
487
Micron Technology
MU
$1.04T
| – | – |
-2,967
| Closed | -$202K |
|
|
488
PUT
Micron Technology
MU
$1.04T
| – | – |
-46,900
| Closed | -$3.19M |
|
489
Murphy USA
MUSA
$11.3B
| – | – |
-720
| Closed | -$246K |
|
490
CALL
NextEra Energy
NEE
$187B
| – | – |
-68,500
| Closed | -$3.92M |
|
|
491
NextEra Energy
NEE
$187B
| – | – |
-6,281
| Closed | -$360K |
|
|
492
PUT
NextEra Energy
NEE
$187B
| – | – |
-8,600
| Closed | -$493K |
|
493
Cloudflare
NET
$93B
| – | – |
-3,119
| Closed | -$197K |
|
|
494
PUT
Cloudflare
NET
$93B
| – | – |
-7,900
| Closed | -$498K |
|
495
CALL
Netflix
NFLX
$292B
| – | – |
-84,000
| Closed | -$3.17M |
|
|
496
PUT
Netflix
NFLX
$292B
| – | – |
-212,000
| Closed | -$8.01M |
|
497
CALL
Nike
NKE
$61.9B
| – | – |
-50,000
| Closed | -$4.78M |
|
|
498
PUT
Nike
NKE
$61.9B
| – | – |
-50,000
| Closed | -$4.78M |
|
499
CALL
NVIDIA
NVDA
$5.01T
| – | – |
-138,000
| Closed | -$6M |
|
|
500
PUT
NVIDIA
NVDA
$5.01T
| – | – |
-229,000
| Closed | -$9.96M |
|
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Capula Management's Q4 2023 Portfolio in Review
As of Q4 2023, Capula Management held 639 positions worth $2.5B, down 48% from $4.77B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Capula Management withdrew a net $2.63B in Q4 2023, closing 353 positions and reducing 114 holdings. Its most notable exit was Activision Blizzard, an estimated $33.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 12% of assets, up from 6% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Capula Management opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $122M.
- Capula Management's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 1,574,000 shares worth $122M.
- Capula Management added most to Pioneer Natural Resource Co. in Q4 2023, an estimated $26.7M increase.
- Capula Management's biggest Q4 2023 reduction was Apple, cutting an estimated $30.5M.
- Capula Management fully exited Activision Blizzard in Q4 2023, selling an estimated $33.7M.
- Capula Management's ten largest holdings make up 80% of its $2.5B portfolio in Q4 2023.
- Capula Management opened 139 new positions and closed 353 in Q4 2023.
- Capula Management's portfolio value fell 48% quarter-over-quarter to $2.5B.
Based on Capula Management's 13F filing for Q4 2023, filed 12 Feb 2024.