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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
+11.82%
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
$2.5B
AUM Growth
-$2.27B
(-48%)
Cap. Flow
-$2.63B
Cap. Flow
% of AUM
-105.51%
Top 10 Holdings %
Top 10 Hldgs %
80.1%
Holding
639
New
139
Increased
32
Reduced
114
Closed
353
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$117M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$26.7M |
| 3 |
State Street Real Estate Select Sector SPDR ETF
XLRE
|
+$20.4M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$13.3M |
| 5 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$12.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$33.7M |
| 2 |
Apple
AAPL
|
+$30.5M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$30.1M |
| 4 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$28M |
| 5 |
United Parcel Service
UPS
|
+$18.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 11.97% |
| 2 | Consumer Discretionary | 5.27% |
| 3 | Energy | 1.73% |
| 4 | Technology | 1.28% |
| 5 | Financials | 0.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
United Airlines
UAL
$38.4B
| – | – |
-23,720
| Closed | -$1M |
|
577
UDR
UDR
$12.9B
| – | – |
-23,520
| Closed | -$839K |
|
578
CALL
UnitedHealth
UNH
$382B
| – | – |
-3,500
| Closed | -$1.76M |
|
|
579
PUT
UnitedHealth
UNH
$382B
| – | – |
-900
| Closed | -$454K |
|
580
Unum
UNM
$13.8B
| – | – |
-9,920
| Closed | -$488K |
|
581
Upbound Group
UPBD
$1.19B
| – | – |
-30,880
| Closed | -$909K |
|
|
582
United Parcel Service
UPS
$97.6B
| – | – |
-120,922
| Closed | -$18.8M |
|
|
583
PUT
United Parcel Service
UPS
$97.6B
| – | – |
-205,000
| Closed | -$32M |
|
584
Upwork
UPWK
$1.09B
| – | – |
-100,300
| Closed | -$1.14M |
|
585
CALL
US Bancorp
USB
$99.6B
| – | – |
-375,000
| Closed | -$12.4M |
|
586
CALL
Visa
V
$677B
| – | – |
-5,800
| Closed | -$1.33M |
|
|
587
Visa
V
$677B
| – | – |
-3,201
| Closed | -$736K |
|
|
588
PUT
Visa
V
$677B
| – | – |
-5,900
| Closed | -$1.36M |
|
589
VeriSign
VRSN
$25.3B
| – | – |
-2,380
| Closed | -$482K |
|
590
Vertiv
VRT
$112B
| – | – |
-6,592
| Closed | -$245K |
|
591
CALL
Vistra
VST
$55.1B
| – | – |
-540,000
| Closed | -$17.9M |
|
|
592
Vistra
VST
$55.1B
| – | – |
-32,560
| Closed | -$1.08M |
|
|
593
PUT
Vistra
VST
$55.1B
| – | – |
-350,000
| Closed | -$11.6M |
|
594
NCR Voyix
VYX
$1.06B
| – | – |
-37,262
| Closed | -$617K |
|
595
CALL
Verizon
VZ
$194B
| – | – |
-15,200
| Closed | -$493K |
|
|
596
Verizon
VZ
$194B
| – | – |
-6,955
| Closed | -$225K |
|
|
597
PUT
Verizon
VZ
$194B
| – | – |
-15,000
| Closed | -$486K |
|
598
Wayfair
W
$11.1B
| – | – |
-12,082
| Closed | -$732K |
|
|
WCC
599
WESCO International
WCC
$16.2B
| – | – |
-3,360
| Closed | -$483K |
|
600
WEX
WEX
$6.11B
| – | – |
-1,140
| Closed | -$214K |
|
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Capula Management's Q4 2023 Portfolio in Review
As of Q4 2023, Capula Management held 639 positions worth $2.5B, down 48% from $4.77B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Capula Management withdrew a net $2.63B in Q4 2023, closing 353 positions and reducing 114 holdings. Its most notable exit was Activision Blizzard, an estimated $33.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 12% of assets, up from 6% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Capula Management opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $122M.
- Capula Management's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 1,574,000 shares worth $122M.
- Capula Management added most to Pioneer Natural Resource Co. in Q4 2023, an estimated $26.7M increase.
- Capula Management's biggest Q4 2023 reduction was Apple, cutting an estimated $30.5M.
- Capula Management fully exited Activision Blizzard in Q4 2023, selling an estimated $33.7M.
- Capula Management's ten largest holdings make up 80% of its $2.5B portfolio in Q4 2023.
- Capula Management opened 139 new positions and closed 353 in Q4 2023.
- Capula Management's portfolio value fell 48% quarter-over-quarter to $2.5B.
Based on Capula Management's 13F filing for Q4 2023, filed 12 Feb 2024.