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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 | |
|---|---|---|---|---|---|---|
476
CALL
T-Mobile US
TMUS
$190B
| $119K | ﹤0.01% |
+500
| New | +$122K |
|
477
PUT
Kinder Morgan
KMI
$70.6B
| $118K | ﹤0.01% |
+4,000
| New | +$110K |
|
478
CALL
Elevance Health
ELV
$82.1B
| $117K | ﹤0.01% |
+300
| New | +$121K |
|
479
CALL
Prologis
PLD
$137B
| $116K | ﹤0.01% |
+1,100
| New | +$115K |
|
480
CALL
Waste Management
WM
$95.5B
| $114K | ﹤0.01% |
+500
| New | +$116K |
|
481
PUT
PACCAR
PCAR
$70.2B
| $114K | ﹤0.01% |
+1,200
| New | +$111K |
|
482
CALL
Nike
NKE
$62.5B
| $114K | ﹤0.01% |
+1,600
| New | +$96K |
|
483
PUT
FedEx
FDX
$73.5B
| $114K | ﹤0.01% |
500
-900
| -64% | -$197K |
|
484
CALL
Roper Technologies
ROP
$37.1B
| $113K | ﹤0.01% |
+200
| New | +$113K |
|
|
485
PUT
Roper Technologies
ROP
$37.1B
| $113K | ﹤0.01% |
+200
| New | +$113K |
|
486
Lockheed Martin
LMT
$134B
| $113K | ﹤0.01% |
243
-74
| -23% | -$34.6K |
|
487
PUT
Simon Property Group
SPG
$75.1B
| $113K | ﹤0.01% |
+700
| New | +$111K |
|
488
CALL
Intel
INTC
$462B
| $112K | ﹤0.01% |
5,000
-934,400
| -99% | -$19.4M |
|
489
CALL
Altria Group
MO
$122B
| $111K | ﹤0.01% |
1,900
-100
| -5% | -$5.87K |
|
490
CALL
CME Group
CME
$92.3B
| $110K | ﹤0.01% |
+400
| New | +$109K |
|
491
CALL
Intercontinental Exchange
ICE
$84.1B
| $110K | ﹤0.01% |
+600
| New | +$103K |
|
492
Qualcomm
QCOM
$179B
| $109K | ﹤0.01% |
685
-6,287
| -90% | -$926K |
|
493
PUT
Oneok
OKE
$56.4B
| $106K | ﹤0.01% |
1,300
| – | – |
|
494
Duke Energy
DUK
$100B
| $105K | ﹤0.01% |
891
-63
| -7% | -$7.43K |
|
495
CALL
Regeneron Pharmaceuticals
REGN
$69.9B
| $105K | ﹤0.01% |
+200
| New | +$112K |
|
496
Chubb
CB
$139B
| $105K | ﹤0.01% |
361
-45
| -11% | -$12.9K |
|
497
CALL
PayPal
PYPL
$49.5B
| $104K | ﹤0.01% |
+1,400
| New | +$95.9K |
|
498
PUT
American Electric Power
AEP
$72.7B
| $104K | ﹤0.01% |
+1,000
| New | +$104K |
|
499
CALL
Sherwin-Williams
SHW
$80.7B
| $103K | ﹤0.01% |
+300
| New | +$104K |
|
500
CALL
Synopsys
SNPS
$74.5B
| $103K | ﹤0.01% |
+200
| New | +$93.2K |
|
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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.