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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
COF icon
476
CALL
Capital One
COF
$124B
$315K ﹤0.01%
1,300
+500
+63% +$111K
ADBE icon
477
PUT
Adobe
ADBE
$89.5B
$315K ﹤0.01%
900
-5,300
-85% -$1.8M
BSX icon
478
PUT
Boston Scientific
BSX
$65.8B
$315K ﹤0.01%
3,300
-19,700
-86% -$1.93M
MGM icon
479
MGM Resorts International
MGM
$11.7B
$313K ﹤0.01%
8,585
-1,256
-13% -$42.6K
PANW icon
480
CALL
Palo Alto Networks
PANW
$264B
$313K ﹤0.01%
1,700
-10,600
-86% -$2.14M
CB icon
481
CALL
Chubb
CB
$140B
$312K ﹤0.01%
1,000
+300
+43% +$87.7K
BXP icon
482
PUT
Boston Properties
BXP
$11B
$310K ﹤0.01%
4,600
– –
MAR icon
483
PUT
Marriott International
MAR
$98.7B
$310K ﹤0.01%
1,000
+200
+25% +$57.1K
BX icon
484
CALL
Blackstone
BX
$104B
$308K ﹤0.01%
2,000
+600
+43% +$91.2K
GDEN
485
DELISTED
Golden Entertainment
GDEN
$308K ﹤0.01%
11,322
-3,898
-26% -$101K
CHWY icon
486
PUT
Chewy
CHWY
$8.54B
$307K ﹤0.01%
9,300
-18,900
-67% -$656K
SLG icon
487
PUT
SL Green Realty
SLG
$3.88B
$307K ﹤0.01%
6,700
– –
GILD icon
488
CALL
Gilead Sciences
GILD
$161B
$307K ﹤0.01%
2,500
+400
+19% +$48.6K
KO icon
489
Coca-Cola
KO
$354B
$306K ﹤0.01%
4,382
-7,383
-63% -$515K
CMI icon
490
PUT
Cummins
CMI
$91.7B
$306K ﹤0.01%
600
+100
+20% +$46.7K
VMC icon
491
Vulcan Materials
VMC
$36.3B
$304K ﹤0.01%
+1,067
New +$313K
GD icon
492
PUT
General Dynamics
GD
$105B
$303K ﹤0.01%
900
-3,100
-78% -$1.06M
UPWK icon
493
Upwork
UPWK
$1.09B
$301K ﹤0.01%
15,209
+9,356
+160% +$172K
COP icon
494
CALL
ConocoPhillips
COP
$147B
$300K ﹤0.01%
3,200
-4,800
-60% -$434K
SJM icon
495
J.M. Smucker
SJM
$12.6B
$296K ﹤0.01%
3,031
+1,151
+61% +$119K
PWR icon
496
PUT
Quanta Services
PWR
$93.9B
$295K ﹤0.01%
700
+100
+17% +$43.9K
CSX icon
497
PUT
CSX Corp
CSX
$98.6B
$294K ﹤0.01%
8,100
+1,500
+23% +$53.7K
C icon
498
CALL
Citigroup
C
$222B
$292K ﹤0.01%
2,500
-800
-24% -$83.1K
LMT icon
499
CALL
Lockheed Martin
LMT
$134B
$290K ﹤0.01%
600
+200
+50% +$95.7K
APO icon
500
PUT
Apollo Global Management
APO
$70.7B
$290K ﹤0.01%
2,000
+400
+25% +$53.1K
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 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.