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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
+12.86%
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
$10.8B
AUM Growth
-$7.21B
(-40%)
Cap. Flow
-$9.02B
Cap. Flow
% of AUM
-83.79%
Top 10 Holdings %
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$578M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$113M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$97.4M |
| 4 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$58.9M |
| 5 |
K
Kellanova
K
|
+$28.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.43B |
| 2 |
NVIDIA
NVDA
|
+$693M |
| 3 |
Strategy Inc
MSTR
|
+$473M |
| 4 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$241M |
| 5 |
Uber
UBER
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0.58% |
| 2 | Financials | 0.52% |
| 3 | Consumer Discretionary | 0.38% |
| 4 | Consumer Staples | 0.33% |
| 5 | Healthcare | 0.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
Equinix
EQIX
$103B
| $71.6K | ﹤0.01% |
90
-28
| -24% | -$23.8K |
|
552
Waste Management
WM
$96.2B
| $69.8K | ﹤0.01% |
305
-58
| -16% | -$13.5K |
|
553
CALL
Digital Realty Trust
DLR
$71.3B
| $69.7K | ﹤0.01% |
+400
| New | +$65.4K |
|
554
CALL
Freeport-McMoran
FCX
$88.8B
| $69.4K | ﹤0.01% |
1,600
-15,200
| -90% | -$577K |
|
555
CALL
General Motors
GM
$77.3B
| $68.9K | ﹤0.01% |
1,400
+400
| +40% | +$19K |
|
556
CALL
FedEx
FDX
$73.9B
| $68.2K | ﹤0.01% |
300
-600
| -67% | -$131K |
|
557
CALL
Kinder Morgan
KMI
$71B
| $67.6K | ﹤0.01% |
+2,300
| New | +$63.1K |
|
558
Southern Company
SO
$109B
| $67K | ﹤0.01% |
730
-511
| -41% | -$45.9K |
|
559
CALL
Cintas
CTAS
$84.6B
| $66.9K | ﹤0.01% |
+300
| New | +$64.6K |
|
560
CALL
PACCAR
PCAR
$69.4B
| $66.5K | ﹤0.01% |
+700
| New | +$64.7K |
|
561
3M
MMM
$91.2B
| $66.4K | ﹤0.01% |
436
-19
| -4% | -$2.71K |
|
562
PNC Financial Services
PNC
$99.2B
| $66.4K | ﹤0.01% |
356
-86
| -19% | -$14.6K |
|
563
PUT
Moderna
MRNA
$22.4B
| $66.2K | ﹤0.01% |
+2,400
| New | +$63.2K |
|
564
CALL
Airbnb
ABNB
$86.5B
| $66.2K | ﹤0.01% |
+500
| New | +$63.3K |
|
565
CALL
Bumble
BMBL
$383M
| $65.9K | ﹤0.01% |
+10,000
| New | +$50.5K |
|
|
566
PUT
Bumble
BMBL
$383M
| $65.9K | ﹤0.01% |
+10,000
| New | +$50.5K |
|
567
CALL
NXP Semiconductors
NXPI
$66.5B
| $65.5K | ﹤0.01% |
+300
| New | +$58.6K |
|
568
CALL
Simon Property Group
SPG
$74.6B
| $64.3K | ﹤0.01% |
+400
| New | +$63.2K |
|
569
US Bancorp
USB
$98.6B
| $63.6K | ﹤0.01% |
1,405
-304
| -18% | -$12.8K |
|
570
S&P Global
SPGI
$130B
| $62.7K | ﹤0.01% |
119
-193
| -62% | -$96.3K |
|
571
CALL
American Electric Power
AEP
$72.8B
| $62.3K | ﹤0.01% |
+600
| New | +$62.4K |
|
572
Northrop Grumman
NOC
$78B
| $60.5K | ﹤0.01% |
121
-67
| -36% | -$32.9K |
|
573
Phillips 66
PSX
$83B
| $59.9K | ﹤0.01% |
+502
| New | +$56.2K |
|
574
Home Depot
HD
$337B
| $59K | ﹤0.01% |
161
-1,024
| -86% | -$371K |
|
575
Illinois Tool Works
ITW
$81.9B
| $58.8K | ﹤0.01% |
238
-31
| -12% | -$7.49K |
|
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Capula Management's Q2 2025 Portfolio in Review
As of Q2 2025, Capula Management held 894 positions worth $10.8B, down 40% from $18B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Capula Management withdrew a net $9.02B in Q2 2025, closing 265 positions and reducing 276 holdings. Its most notable exit was NVIDIA, an estimated $693M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0.58% of assets, down from 0.99% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Capula Management opened a new position in Blueprint Medicines worth $20M.
- Capula Management's largest Q2 2025 buy was Blueprint Medicines: 156,114 shares worth $20M.
- Capula Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2025, an estimated $578M increase.
- Capula Management's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.43B.
- Capula Management fully exited NVIDIA in Q2 2025, selling an estimated $693M.
- Capula Management's ten largest holdings make up 86% of its $10.8B portfolio in Q2 2025.
- Capula Management opened 215 new positions and closed 265 in Q2 2025.
- Capula Management's portfolio value fell 40% quarter-over-quarter to $10.8B.
Based on Capula Management's 13F filing for Q2 2025, filed 13 Aug 2025.