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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
WELL icon
626
PUT
Welltower
WELL
$176B
$167K ﹤0.01%
+900
New +$168K
RCL icon
627
Royal Caribbean
RCL
$79.3B
$167K ﹤0.01%
+597
New +$169K
MARA icon
628
Marathon Digital Holdings
MARA
$4.78B
$166K ﹤0.01%
+18,450
New +$272K
MCK icon
629
CALL
McKesson
MCK
$97.8B
$164K ﹤0.01%
200
+100
+100% +$81.6K
MDT icon
630
CALL
Medtronic
MDT
$106B
$163K ﹤0.01%
1,700
-400
-19% -$38.9K
AES icon
631
AES
AES
$10.6B
$163K ﹤0.01%
11,347
-1,025
-8% -$14.4K
PFE icon
632
Pfizer
PFE
$140B
$161K ﹤0.01%
6,472
-616
-9% -$15.5K
BRSL
633
Brightstar Lottery PLC
BRSL
$1.93B
$159K ﹤0.01%
10,257
-1,547
-13% -$25.2K
DASH icon
634
PUT
DoorDash
DASH
$75.6B
$159K ﹤0.01%
+700
New +$164K
CL icon
635
CALL
Colgate-Palmolive
CL
$72.4B
$158K ﹤0.01%
2,000
+600
+43% +$47K
AMT icon
636
PUT
American Tower
AMT
$78.1B
$158K ﹤0.01%
900
-10,400
-92% -$1.89M
PYPL icon
637
CALL
PayPal
PYPL
$49.5B
$158K ﹤0.01%
2,700
+700
+35% +$45.4K
MCK icon
638
McKesson
MCK
$97.8B
$156K ﹤0.01%
190
-90
-32% -$73.4K
WM icon
639
PUT
Waste Management
WM
$95.6B
$154K ﹤0.01%
700
+300
+75% +$63.9K
PCAR icon
640
CALL
PACCAR
PCAR
$70.2B
$153K ﹤0.01%
1,400
+400
+40% +$41K
MCO icon
641
PUT
Moody's
MCO
$82.5B
$153K ﹤0.01%
+300
New +$146K
PLD icon
642
CALL
Prologis
PLD
$138B
$153K ﹤0.01%
1,200
-400
-25% -$49.9K
NXPI icon
643
CALL
NXP Semiconductors
NXPI
$68.3B
$152K ﹤0.01%
700
+200
+40% +$42.9K
BNY
644
PUT
Bank of New York Mellon
BNY
$108B
$151K ﹤0.01%
+1,300
New +$144K
CTAS icon
645
CALL
Cintas
CTAS
$82.4B
$150K ﹤0.01%
800
+300
+60% +$56.5K
BB icon
646
BlackBerry
BB
$5.02B
$150K ﹤0.01%
+39,673
New +$174K
NEM icon
647
CALL
Newmont
NEM
$100B
$150K ﹤0.01%
+1,500
New +$136K
ABNB icon
648
CALL
Airbnb
ABNB
$83.9B
$149K ﹤0.01%
1,100
-2,200
-67% -$274K
APD icon
649
CALL
Air Products & Chemicals
APD
$66.1B
$148K ﹤0.01%
600
+200
+50% +$50.7K
ITW icon
650
PUT
Illinois Tool Works
ITW
$81.2B
$148K ﹤0.01%
600
-400
-40% -$99.7K
24 25
26
27 28

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.