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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
+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
EMR icon
601
CALL
Emerson Electric
EMR
$82.9B
$186K ﹤0.01%
1,400
+400
+40% +$53.1K
BXP icon
602
Boston Properties
BXP
$11B
$184K ﹤0.01%
2,734
+704
+35% +$50K
TMUS icon
603
PUT
T-Mobile US
TMUS
$193B
$183K ﹤0.01%
900
-16,400
-95% -$3.48M
CVS icon
604
CALL
CVS Health
CVS
$137B
$183K ﹤0.01%
2,300
+400
+21% +$31.5K
MSCI icon
605
MSCI
MSCI
$40B
$182K ﹤0.01%
317
-69
-18% -$38.7K
PATH icon
606
UiPath
PATH
$5.62B
$182K ﹤0.01%
+11,078
New +$172K
VRTX icon
607
CALL
Vertex Pharmaceuticals
VRTX
$121B
$181K ﹤0.01%
400
-1,100
-73% -$474K
VRTX icon
608
PUT
Vertex Pharmaceuticals
VRTX
$121B
$181K ﹤0.01%
400
-3,600
-90% -$1.55M
WMB icon
609
CALL
Williams Companies
WMB
$90.5B
$180K ﹤0.01%
3,000
+1,000
+50% +$60.5K
ADP icon
610
PUT
Automatic Data Processing
ADP
$100B
$180K ﹤0.01%
700
-5,600
-89% -$1.49M
MPC icon
611
PUT
Marathon Petroleum
MPC
$90.3B
$179K ﹤0.01%
1,100
-4,800
-81% -$897K
UPS icon
612
PUT
United Parcel Service
UPS
$97.6B
$179K ﹤0.01%
1,800
-100
-5% -$9.35K
CSX icon
613
CALL
CSX Corp
CSX
$98.6B
$178K ﹤0.01%
4,900
+1,500
+44% +$53.7K
AON icon
614
PUT
Aon
AON
$77.3B
$176K ﹤0.01%
+500
New +$175K
DUK icon
615
CALL
Duke Energy
DUK
$102B
$176K ﹤0.01%
1,500
-3,400
-69% -$415K
PH icon
616
CALL
Parker-Hannifin
PH
$125B
$176K ﹤0.01%
200
-100
-33% -$81.8K
ADP icon
617
Automatic Data Processing
ADP
$100B
$176K ﹤0.01%
683
-1,342
-66% -$357K
PCG icon
618
PG&E
PCG
$47.8B
$175K ﹤0.01%
+10,890
New +$174K
APD icon
619
PUT
Air Products & Chemicals
APD
$66.3B
$173K ﹤0.01%
700
– –
HLT icon
620
CALL
Hilton Worldwide
HLT
$74B
$172K ﹤0.01%
600
+200
+50% +$54.5K
TFC icon
621
CALL
Truist Financial
TFC
$63.2B
$172K ﹤0.01%
3,500
+1,000
+40% +$46.1K
NOC icon
622
CALL
Northrop Grumman
NOC
$77B
$171K ﹤0.01%
300
– –
PWR icon
623
CALL
Quanta Services
PWR
$93.9B
$169K ﹤0.01%
400
+100
+33% +$43.9K
MA icon
624
Mastercard
MA
$477B
$168K ﹤0.01%
294
-2,290
-89% -$1.28M
WELL icon
625
CALL
Welltower
WELL
$178B
$167K ﹤0.01%
+900
New +$168K
23 24
25
26 27

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.