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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
MGM icon
501
MGM Resorts International
MGM
$11.8B
$341K ﹤0.01%
+9,841
New +$361K
TMO icon
502
CALL
Thermo Fisher Scientific
TMO
$210B
$340K ﹤0.01%
700
+200
+40% +$93.1K
ALAB icon
503
Astera Labs
ALAB
$48.2B
$338K ﹤0.01%
+1,725
New +$284K
WFC icon
504
Wells Fargo
WFC
$265B
$336K ﹤0.01%
+4,014
New +$326K
C icon
505
CALL
Citigroup
C
$224B
$335K ﹤0.01%
3,300
+1,100
+50% +$104K
AXP icon
506
CALL
American Express
AXP
$227B
$332K ﹤0.01%
1,000
+300
+43% +$95.4K
SBUX icon
507
PUT
Starbucks
SBUX
$120B
$330K ﹤0.01%
3,900
+1,200
+44% +$107K
APA icon
508
PUT
APA Corp
APA
$12.5B
$328K ﹤0.01%
+13,500
New +$285K
BMY icon
509
PUT
Bristol-Myers Squibb
BMY
$129B
$325K ﹤0.01%
7,200
+2,400
+50% +$112K
MO icon
510
PUT
Altria Group
MO
$121B
$324K ﹤0.01%
4,900
+1,800
+58% +$114K
T icon
511
CALL
AT&T
T
$166B
$322K ﹤0.01%
11,400
+4,000
+54% +$114K
ICE icon
512
CALL
Intercontinental Exchange
ICE
$83.2B
$320K ﹤0.01%
1,900
+1,300
+217% +$232K
PENN icon
513
PENN Entertainment
PENN
$2.81B
$318K ﹤0.01%
+16,518
New +$310K
PSA icon
514
Public Storage
PSA
$61.3B
$317K ﹤0.01%
+1,096
New +$315K
VZ icon
515
CALL
Verizon
VZ
$197B
$316K ﹤0.01%
7,200
-7,700
-52% -$333K
ABNB icon
516
Airbnb
ABNB
$86.5B
$315K ﹤0.01%
2,594
+2,469
+1,975% +$319K
UBER icon
517
CALL
Uber
UBER
$135B
$314K ﹤0.01%
3,200
-75,100
-96% -$7.02M
VZ icon
518
Verizon
VZ
$197B
$309K ﹤0.01%
7,036
-1,325
-16% -$57.4K
O icon
519
Realty Income
O
$61.4B
$308K ﹤0.01%
+5,062
New +$295K
GEV icon
520
CALL
GE Vernova
GEV
$257B
$307K ﹤0.01%
500
+200
+67% +$121K
ANET icon
521
CALL
Arista Networks
ANET
$215B
$306K ﹤0.01%
2,100
+600
+40% +$77.3K
DUK icon
522
Duke Energy
DUK
$101B
$306K ﹤0.01%
2,469
+1,578
+177% +$191K
NOC icon
523
PUT
Northrop Grumman
NOC
$77.8B
$305K ﹤0.01%
500
+200
+67% +$113K
ICE icon
524
Intercontinental Exchange
ICE
$83.2B
$304K ﹤0.01%
1,804
+1,688
+1,455% +$302K
VRTX icon
525
Vertex Pharmaceuticals
VRTX
$123B
$302K ﹤0.01%
770
+667
+648% +$279K
19 20
21
22 23

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.