We are live on
!
Find out more
CM
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
(+87%)
Cap. Flow
+$8.06B
Cap. Flow
% of AUM
40.12%
Top 10 Holdings %
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.79B |
| 2 |
Strategy Inc
MSTR
|
+$651M |
| 3 |
UnitedHealth
UNH
|
+$291M |
| 4 |
Coinbase
COIN
|
+$170M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
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 | |
|---|---|---|---|---|---|---|
626
PUT
Ross Stores
ROST
$76.6B
| $183K | ﹤0.01% |
+1,200
| New | +$171K |
|
627
CALL
Northrop Grumman
NOC
$77B
| $183K | ﹤0.01% |
300
+100
| +50% | +$56.7K |
|
628
Pfizer
PFE
$140B
| $181K | ﹤0.01% |
7,088
-108,303
| -94% | -$2.67M |
|
629
PUT
Freeport-McMoran
FCX
$90B
| $180K | ﹤0.01% |
4,600
-82,700
| -95% | -$3.59M |
|
630
CALL
Bristol-Myers Squibb
BMY
$127B
| $180K | ﹤0.01% |
4,000
+1,300
| +48% | +$60.7K |
|
631
CALL
Southern Company
SO
$110B
| $180K | ﹤0.01% |
1,900
+600
| +46% | +$56K |
|
632
PUT
American Electric Power
AEP
$73.7B
| $180K | ﹤0.01% |
1,600
+600
| +60% | +$65.6K |
|
633
CALL
Starbucks
SBUX
$118B
| $178K | ﹤0.01% |
2,100
+700
| +50% | +$62.7K |
|
634
PUT
PACCAR
PCAR
$69.6B
| $177K | ﹤0.01% |
1,800
+600
| +50% | +$59.2K |
|
635
Zillow
Z
$7.04B
| $176K | ﹤0.01% |
+2,287
| New | +$187K |
|
636
TJX Companies
TJX
$170B
| $175K | ﹤0.01% |
1,214
+191
| +19% | +$25.4K |
|
637
ResMed
RMD
$28.3B
| $174K | ﹤0.01% |
+635
| New | +$173K |
|
|
638
Bristol-Myers Squibb
BMY
$127B
| $174K | ﹤0.01% |
3,854
-828
| -18% | -$38.7K |
|
639
PUT
Amphenol
APH
$188B
| $173K | ﹤0.01% |
+1,400
| New | +$154K |
|
640
PUT
Kinder Morgan
KMI
$73.1B
| $173K | ﹤0.01% |
6,100
+2,100
| +53% | +$57.5K |
|
641
NextEra Energy
NEE
$187B
| $171K | ﹤0.01% |
2,262
+441
| +24% | +$32.2K |
|
642
CALL
Capital One
COF
$124B
| $170K | ﹤0.01% |
800
+400
| +100% | +$87.6K |
|
643
CALL
KKR & Co
KKR
$89.2B
| $169K | ﹤0.01% |
1,300
+400
| +44% | +$56.8K |
|
644
CALL
Trane Technologies
TT
$106B
| $169K | ﹤0.01% |
400
+100
| +33% | +$42.7K |
|
645
CALL
Regeneron Pharmaceuticals
REGN
$68.8B
| $169K | ﹤0.01% |
300
+100
| +50% | +$56.5K |
|
646
PUT
Workday
WDAY
$33.4B
| $169K | ﹤0.01% |
700
+200
| +40% | +$46.2K |
|
647
Dick's Sporting Goods
DKS
$18.4B
| $165K | ﹤0.01% |
+744
| New | +$162K |
|
648
PUT
FedEx
FDX
$74.5B
| $165K | ﹤0.01% |
700
+200
| +40% | +$46.1K |
|
649
SL Green Realty
SLG
$3.88B
| $165K | ﹤0.01% |
+2,751
| New | +$163K |
|
650
PUT
Globalstar
GSAT
$10.2B
| $164K | ﹤0.01% |
+4,500
| New | +$129K |
|
Similar funds
X
BIP
FGP
TI
SSA
SAM
BBVA
IFP
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.