We are live on ! Find out more
CM

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
AXP icon
526
CALL
American Express
AXP
$223B
$259K ﹤0.01%
700
-300
-30% -$107K
ADP icon
527
CALL
Automatic Data Processing
ADP
$100B
$257K ﹤0.01%
1,000
-300
-23% -$79.9K
CB icon
528
PUT
Chubb
CB
$140B
$250K ﹤0.01%
800
+300
+60% +$87.7K
MDT icon
529
Medtronic
MDT
$107B
$248K ﹤0.01%
2,586
-275
-10% -$26.7K
SLG icon
530
SL Green Realty
SLG
$3.88B
$247K ﹤0.01%
5,377
+2,626
+95% +$130K
LITE icon
531
Lumentum
LITE
$59.4B
$247K ﹤0.01%
+669
New +$172K
WMB icon
532
PUT
Williams Companies
WMB
$90.5B
$246K ﹤0.01%
4,100
+400
+11% +$24.2K
CME icon
533
CALL
CME Group
CME
$92.2B
$246K ﹤0.01%
900
+300
+50% +$81.5K
BILL icon
534
PUT
BILL Holdings
BILL
$4.33B
$245K ﹤0.01%
4,500
– –
THD icon
535
iShares MSCI Thailand ETF
THD
$361M
$245K ﹤0.01%
4,108
-176
-4% -$10.5K
ABNB icon
536
PUT
Airbnb
ABNB
$83.7B
$244K ﹤0.01%
1,800
-7,700
-81% -$959K
CW icon
537
Curtiss-Wright
CW
$27.7B
$244K ﹤0.01%
+443
New +$247K
SBUX icon
538
CALL
Starbucks
SBUX
$118B
$244K ﹤0.01%
2,900
+800
+38% +$67.5K
SO icon
539
CALL
Southern Company
SO
$110B
$244K ﹤0.01%
2,800
+900
+47% +$82.2K
TMUS icon
540
CALL
T-Mobile US
TMUS
$193B
$244K ﹤0.01%
1,200
-5,000
-81% -$1.06M
CASY icon
541
Casey's General Stores
CASY
$31.9B
$243K ﹤0.01%
+440
New +$242K
KKR icon
542
CALL
KKR & Co
KKR
$89.2B
$242K ﹤0.01%
1,900
+600
+46% +$74.6K
CHDN icon
543
Churchill Downs
CHDN
$6.03B
$242K ﹤0.01%
2,125
-678
-24% -$70.3K
PCAR icon
544
PUT
PACCAR
PCAR
$69.6B
$241K ﹤0.01%
2,200
+400
+22% +$41K
SPG icon
545
PUT
Simon Property Group
SPG
$74.5B
$241K ﹤0.01%
1,300
+300
+30% +$54.5K
NXPI icon
546
PUT
NXP Semiconductors
NXPI
$68B
$239K ﹤0.01%
1,100
+200
+22% +$42.9K
AMPL icon
547
Amplitude
AMPL
$1.07B
$237K ﹤0.01%
+20,434
New +$215K
SNDK
548
Sandisk
SNDK
$213B
$236K ﹤0.01%
+994
New +$199K
RSG icon
549
Republic Services
RSG
$66.7B
$236K ﹤0.01%
+1,112
New +$239K
SO icon
550
PUT
Southern Company
SO
$110B
$235K ﹤0.01%
2,700
– –
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 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.