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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
DKS icon
476
PUT
Dick's Sporting Goods
DKS
$18.4B
$400K ﹤0.01%
+1,800
New +$392K
LMT icon
477
PUT
Lockheed Martin
LMT
$133B
$399K ﹤0.01%
800
+200
+33% +$90.7K
GDXJ icon
478
VanEck Junior Gold Miners ETF
GDXJ
$7.09B
$397K ﹤0.01%
+4,006
New +$308K
SHW icon
479
Sherwin-Williams
SHW
$80.1B
$392K ﹤0.01%
1,133
+908
+404% +$320K
MS icon
480
Morgan Stanley
MS
$340B
$392K ﹤0.01%
+2,467
New +$364K
ABT icon
481
CALL
Abbott
ABT
$182B
$388K ﹤0.01%
2,900
+1,000
+53% +$131K
ORLY icon
482
CALL
O'Reilly Automotive
ORLY
$74.6B
$388K ﹤0.01%
3,600
+600
+20% +$60.3K
ADP icon
483
CALL
Automatic Data Processing
ADP
$102B
$382K ﹤0.01%
1,300
+800
+160% +$241K
RJF icon
484
PUT
Raymond James Financial
RJF
$33.2B
$380K ﹤0.01%
+2,200
New +$365K
PH icon
485
PUT
Parker-Hannifin
PH
$124B
$379K ﹤0.01%
500
+200
+67% +$148K
EWM icon
486
iShares MSCI Malaysia ETF
EWM
$307M
$378K ﹤0.01%
+14,580
New +$361K
KKR icon
487
PUT
KKR & Co
KKR
$91.5B
$377K ﹤0.01%
2,900
+700
+32% +$99.4K
PM icon
488
CALL
Philip Morris
PM
$303B
$373K ﹤0.01%
2,300
+800
+53% +$135K
EOG icon
489
CALL
EOG Resources
EOG
$76B
$370K ﹤0.01%
3,300
+2,600
+371% +$310K
RTX icon
490
CALL
RTX Corp
RTX
$293B
$368K ﹤0.01%
2,200
+800
+57% +$124K
DE icon
491
PUT
Deere & Co
DE
$168B
$366K ﹤0.01%
800
+200
+33% +$98.6K
MCD icon
492
CALL
McDonald's
MCD
$191B
$365K ﹤0.01%
1,200
+400
+50% +$122K
ES icon
493
Eversource Energy
ES
$28.3B
$363K ﹤0.01%
+5,107
New +$335K
PAYX icon
494
Paychex
PAYX
$41.2B
$362K ﹤0.01%
+2,853
New +$396K
GDEN
495
DELISTED
Golden Entertainment
GDEN
$359K ﹤0.01%
+15,220
New +$405K
APP icon
496
Applovin
APP
$137B
$355K ﹤0.01%
494
-21,896
-98% -$10.1M
T icon
497
AT&T
T
$166B
$354K ﹤0.01%
12,519
-192,555
-94% -$5.47M
BLK icon
498
CALL
Blackrock
BLK
$164B
$350K ﹤0.01%
300
– –
MRK icon
499
Merck
MRK
$326B
$344K ﹤0.01%
4,094
-5,018
-55% -$413K
BXP icon
500
PUT
Boston Properties
BXP
$11.1B
$342K ﹤0.01%
+4,600
New +$325K
18 19
20
21 22

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.