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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
Z icon
526
PUT
Zillow
Z
$7.23B
$300K ﹤0.01%
+3,900
New +$319K
RRR icon
527
Red Rock Resorts
RRR
$3.8B
$297K ﹤0.01%
4,868
-1,960
-29% -$115K
CME icon
528
PUT
CME Group
CME
$92.1B
$297K ﹤0.01%
1,100
+400
+57% +$109K
ACN icon
529
CALL
Accenture
ACN
$93.4B
$296K ﹤0.01%
1,200
+400
+50% +$104K
TT icon
530
PUT
Trane Technologies
TT
$106B
$295K ﹤0.01%
700
+200
+40% +$85.5K
IBM icon
531
IBM
IBM
$206B
$288K ﹤0.01%
+1,020
New +$267K
SYY icon
532
Sysco
SYY
$39.8B
$283K ﹤0.01%
+3,439
New +$275K
ADBE icon
533
CALL
Adobe
ADBE
$93.8B
$282K ﹤0.01%
800
+200
+33% +$71.8K
BA icon
534
CALL
Boeing
BA
$169B
$281K ﹤0.01%
1,300
+400
+44% +$90.2K
DHR icon
535
PUT
Danaher
DHR
$135B
$278K ﹤0.01%
1,400
-400
-22% -$79.6K
HON icon
536
CALL
Honeywell
HON
$78.4B
$274K ﹤0.01%
1,379
+424
+44% +$88.6K
C icon
537
Citigroup
C
$224B
$273K ﹤0.01%
+2,694
New +$256K
GRAB icon
538
Grab
GRAB
$13.7B
$273K ﹤0.01%
+45,284
New +$240K
MDT icon
539
Medtronic
MDT
$108B
$272K ﹤0.01%
2,861
+1,728
+153% +$159K
CHDN icon
540
Churchill Downs
CHDN
$6.17B
$272K ﹤0.01%
+2,803
New +$288K
NTAP icon
541
NetApp
NTAP
$32.8B
$269K ﹤0.01%
+2,269
New +$254K
EQIX icon
542
Equinix
EQIX
$105B
$268K ﹤0.01%
342
+252
+280% +$197K
USB icon
543
PUT
US Bancorp
USB
$99.7B
$266K ﹤0.01%
5,500
+1,800
+49% +$85.1K
CRCL
544
PUT
Circle Internet Group
CRCL
$16.2B
$265K ﹤0.01%
+2,000
New +$316K
EMR icon
545
PUT
Emerson Electric
EMR
$83.4B
$262K ﹤0.01%
2,000
+600
+43% +$81.8K
PNC icon
546
PUT
PNC Financial Services
PNC
$101B
$261K ﹤0.01%
1,300
+400
+44% +$79.1K
ITW icon
547
PUT
Illinois Tool Works
ITW
$82.4B
$261K ﹤0.01%
1,000
+400
+67% +$104K
TJX icon
548
CALL
TJX Companies
TJX
$172B
$260K ﹤0.01%
1,800
+600
+50% +$79.7K
UNP icon
549
CALL
Union Pacific
UNP
$180B
$260K ﹤0.01%
1,100
+400
+57% +$90.2K
RCL icon
550
PUT
Royal Caribbean
RCL
$79.8B
$259K ﹤0.01%
800
+200
+33% +$66.8K
20 21
22
23 24

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.