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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
UPWK icon
551
PUT
Upwork
UPWK
$1.09B
$258K ﹤0.01%
+13,900
New +$207K
DHR icon
552
CALL
Danaher
DHR
$135B
$258K ﹤0.01%
1,300
+400
+44% +$79.6K
AXP icon
553
American Express
AXP
$223B
$257K ﹤0.01%
+774
New +$246K
SO icon
554
PUT
Southern Company
SO
$110B
$256K ﹤0.01%
2,700
+600
+29% +$56K
CAT icon
555
Caterpillar
CAT
$409B
$255K ﹤0.01%
+534
New +$228K
AMGN icon
556
CALL
Amgen
AMGN
$203B
$254K ﹤0.01%
900
+200
+29% +$58K
LYFT icon
557
PUT
Lyft
LYFT
$5.39B
$253K ﹤0.01%
+11,500
New +$192K
THD icon
558
iShares MSCI Thailand ETF
THD
$361M
$252K ﹤0.01%
+4,284
New +$245K
PWR icon
559
PUT
Quanta Services
PWR
$93.9B
$249K ﹤0.01%
600
+200
+50% +$77.7K
MMM icon
560
PUT
3M
MMM
$89B
$248K ﹤0.01%
1,600
+100
+7% +$15.4K
SNPS icon
561
PUT
Synopsys
SNPS
$71.5B
$247K ﹤0.01%
500
+100
+25% +$56.5K
MDLZ icon
562
PUT
Mondelez International
MDLZ
$77.7B
$244K ﹤0.01%
3,900
+1,400
+56% +$90.3K
GEV icon
563
GE Vernova
GEV
$270B
$241K ﹤0.01%
+392
New +$237K
DELL icon
564
CALL
Dell
DELL
$283B
$241K ﹤0.01%
+1,700
New +$221K
EWJ icon
565
CALL
iShares MSCI Japan ETF
EWJ
$21.6B
$241K ﹤0.01%
+3,000
New +$232K
EWJ icon
566
PUT
iShares MSCI Japan ETF
EWJ
$21.6B
$241K ﹤0.01%
+3,000
New +$232K
BX icon
567
CALL
Blackstone
BX
$104B
$239K ﹤0.01%
1,400
+400
+40% +$68.5K
BILL icon
568
PUT
BILL Holdings
BILL
$4.33B
$238K ﹤0.01%
+4,500
New +$209K
ORLY icon
569
PUT
O'Reilly Automotive
ORLY
$72.4B
$237K ﹤0.01%
2,200
+700
+47% +$70.4K
VST icon
570
PUT
Vistra
VST
$55.1B
$235K ﹤0.01%
1,200
+400
+50% +$79.3K
FIS icon
571
Fidelity National Information Services
FIS
$21.5B
$235K ﹤0.01%
+3,557
New +$259K
WMB icon
572
PUT
Williams Companies
WMB
$90.5B
$234K ﹤0.01%
3,700
+1,400
+61% +$82.2K
CSX icon
573
PUT
CSX Corp
CSX
$98.6B
$234K ﹤0.01%
6,600
+2,100
+47% +$71.7K
GILD icon
574
CALL
Gilead Sciences
GILD
$161B
$233K ﹤0.01%
2,100
+700
+50% +$79.6K
GLW icon
575
Corning
GLW
$126B
$231K ﹤0.01%
+2,815
New +$184K
21 22
23
24 25

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.