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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
TXN icon
501
Texas Instruments
TXN
$255B
$289K ﹤0.01%
1,665
-6,580
-80% -$1.13M
HLT icon
502
PUT
Hilton Worldwide
HLT
$74B
$287K ﹤0.01%
1,000
+200
+25% +$54.5K
ETN icon
503
CALL
Eaton
ETN
$157B
$287K ﹤0.01%
900
-4,700
-84% -$1.67M
MAR icon
504
Marriott International
MAR
$98.7B
$283K ﹤0.01%
913
+804
+738% +$230K
MO icon
505
PUT
Altria Group
MO
$122B
$283K ﹤0.01%
4,900
– –
SNPS icon
506
PUT
Synopsys
SNPS
$71.5B
$282K ﹤0.01%
600
+100
+20% +$44.4K
COP icon
507
PUT
ConocoPhillips
COP
$147B
$281K ﹤0.01%
3,000
-20,600
-87% -$1.86M
DE icon
508
CALL
Deere & Co
DE
$170B
$279K ﹤0.01%
600
+200
+50% +$93.9K
RCL icon
509
PUT
Royal Caribbean
RCL
$78.7B
$279K ﹤0.01%
1,000
+200
+25% +$56.5K
UPWK icon
510
PUT
Upwork
UPWK
$1.09B
$275K ﹤0.01%
13,900
– –
GSAT icon
511
PUT
Globalstar
GSAT
$10.2B
$275K ﹤0.01%
4,500
– –
KLAC icon
512
KLA
KLAC
$275B
$275K ﹤0.01%
2,260
+280
+14% +$32.8K
CMCSA icon
513
CALL
Comcast
CMCSA
$79.1B
$274K ﹤0.01%
9,800
+3,000
+44% +$85.6K
SLV icon
514
iShares Silver Trust
SLV
$28.1B
$272K ﹤0.01%
+4,219
New +$211K
RMD icon
515
ResMed
RMD
$28.3B
$272K ﹤0.01%
1,128
+493
+78% +$126K
TFC icon
516
PUT
Truist Financial
TFC
$63.2B
$271K ﹤0.01%
5,500
+1,000
+22% +$46.1K
MARA icon
517
CALL
Marathon Digital Holdings
MARA
$4.62B
$269K ﹤0.01%
30,000
-50,000
-63% -$738K
MARA icon
518
PUT
Marathon Digital Holdings
MARA
$4.62B
$269K ﹤0.01%
30,000
-50,000
-63% -$738K
EXP icon
519
Eagle Materials
EXP
$6.6B
$269K ﹤0.01%
+1,301
New +$287K
Z icon
520
PUT
Zillow
Z
$7.04B
$266K ﹤0.01%
3,900
– –
PH icon
521
PUT
Parker-Hannifin
PH
$125B
$264K ﹤0.01%
300
-200
-40% -$164K
FSLR icon
522
CALL
First Solar
FSLR
$21.8B
$261K ﹤0.01%
1,000
-4,000
-80% -$1.01M
FSLR icon
523
PUT
First Solar
FSLR
$21.8B
$261K ﹤0.01%
1,000
-17,000
-94% -$4.29M
TRV icon
524
PUT
Travelers Companies
TRV
$80.8B
$261K ﹤0.01%
900
+200
+29% +$56.3K
FDX icon
525
PUT
FedEx
FDX
$74.5B
$260K ﹤0.01%
900
+200
+29% +$52.5K
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 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.