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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 | |
|---|---|---|---|---|---|---|
626
Snap
SNAP
$7.55B
| $2.87K | ﹤0.01% |
330
-538
| -62% | -$4.47K |
|
627
Nike
NKE
$62.5B
| $1.42K | ﹤0.01% |
20
-601,995
| -100% | -$36.1M |
|
628
Arista Networks
ANET
$213B
| $409 | ﹤0.01% |
4
-10,578
| -100% | -$915K |
|
629
CALL
American Airlines Group
AAL
$9.75B
| – | – |
-2,100
| Closed | -$22.2K |
|
|
630
American Airlines Group
AAL
$9.75B
| – | – |
-17,697
| Closed | -$187K |
|
|
631
PUT
American Airlines Group
AAL
$9.75B
| – | – |
-2,100
| Closed | -$22.2K |
|
632
Acadia Pharmaceuticals
ACAD
$4.37B
| – | – |
-17,670
| Closed | -$293K |
|
633
ACM Research
ACMR
$5.36B
| – | – |
-10,744
| Closed | -$251K |
|
634
Aclaris Therapeutics
ACRS
$756M
| – | – |
-15,593
| Closed | -$23.9K |
|
635
Analog Devices
ADI
$179B
| – | – |
-3,380
| Closed | -$704K |
|
636
AES
AES
$10.6B
| – | – |
-28,751
| Closed | -$357K |
|
637
Agios Pharmaceuticals
AGIO
$2.25B
| – | – |
-29,749
| Closed | -$872K |
|
|
AGS
638
DELISTED
PlayAGS
AGS
| – | – |
-191,834
| Closed | -$2.32M |
|
639
AdaptHealth
AHCO
$1.51B
| – | – |
-27,965
| Closed | -$303K |
|
640
Alkermes
ALKS
$8.78B
| – | – |
-8,874
| Closed | -$293K |
|
641
Advanced Micro Devices
AMD
$787B
| – | – |
-1,149,918
| Closed | -$125M |
|
642
Amylyx Pharmaceuticals
AMLX
$2.07B
| – | – |
-10,980
| Closed | -$38.9K |
|
643
Amazon
AMZN
$2.5T
| – | – |
-20,065
| Closed | -$3.97M |
|
644
Andersons Inc
ANDE
$2.52B
| – | – |
-7,293
| Closed | -$313K |
|
645
argenx
ARGX
$56.3B
| – | – |
-822
| Closed | -$487K |
|
|
ARI
646
Apollo Commercial Real Estate
ARI
$884M
| – | – |
-32,725
| Closed | -$313K |
|
647
CALL
Arm
ARM
$276B
| – | – |
-133,700
| Closed | -$14.3M |
|
|
648
Arm
ARM
$276B
| – | – |
-544,813
| Closed | -$58.2M |
|
|
649
PUT
Arm
ARM
$276B
| – | – |
-678,700
| Closed | -$72.5M |
|
650
Arcutis Biotherapeutics
ARQT
$3.51B
| – | – |
-24,378
| Closed | -$381K |
|
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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.