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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
Cap. Flow
-$9.02B
Cap. Flow %
-83.79%
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$578M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$113M
3
IBIT icon
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
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.43B
2
NVDA icon
NVIDIA
NVDA
+$693M
3
MSTR icon
Strategy Inc
MSTR
+$473M
4
FBTC icon
Fidelity Wise Origin Bitcoin Fund
FBTC
+$241M
5
UBER icon
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
ARVN icon
651
Arvinas
ARVN
$534M
– –
-16,830
Closed -$118K
ASML icon
652
CALL
ASML
ASML
$628B
– –
-24,700
Closed -$16.4M
AUB icon
653
Atlantic Union Bankshares
AUB
$6B
– –
-109,908
Closed -$3.42M
AVAH icon
654
Aveanna Healthcare
AVAH
$2.11B
– –
-57,766
Closed -$313K
AVGO icon
655
Broadcom
AVGO
$1.81T
– –
-88,891
Closed -$19.3M
AXP icon
656
American Express
AXP
$228B
– –
-904
Closed -$254K
BA icon
657
Boeing
BA
$167B
– –
-670,843
Closed -$127M
BABA icon
658
CALL
Alibaba
BABA
$274B
– –
-57,200
Closed -$7.56M
BABA icon
659
PUT
Alibaba
BABA
$274B
– –
-7,200
Closed -$952K
BATRK icon
660
Atlanta Braves Holdings Series B
BATRK
$3.26B
– –
-39,603
Closed -$1.58M
BELFB
661
Bel Fuse Inc Class B
BELFB
$3.61B
– –
-3,621
Closed -$271K
BFLY icon
662
Butterfly Network
BFLY
$1.81B
– –
-18,939
Closed -$43.2K
BHF icon
663
Brighthouse Financial
BHF
$3.63B
– –
-5,083
Closed -$295K
BIDU icon
664
PUT
Baidu
BIDU
$36.1B
– –
-100,000
Closed -$9.2M
BKNG icon
665
Booking.com
BKNG
$144B
– –
-2,500
Closed -$512K
BLFS icon
666
BioLife Solutions
BLFS
$1.46B
– –
-12,138
Closed -$277K
BRBS icon
667
Blue Ridge Bankshares
BRBS
$310M
– –
-10,229
Closed -$33.3K
BRK.B icon
668
Berkshire Hathaway Class B
BRK.B
$1.07T
– –
-300,000
Closed -$160M
BRK.B icon
669
PUT
Berkshire Hathaway Class B
BRK.B
$1.07T
– –
-300,000
Closed -$160M
C icon
670
Citigroup
C
$221B
– –
-2,673
Closed -$193K
CAT icon
671
Caterpillar
CAT
$393B
– –
-873
Closed -$291K
CBL
672
CBL Properties
CBL
$1.79B
– –
-9,010
Closed -$239K
CEG icon
673
Constellation Energy
CEG
$97B
– –
-355
Closed -$93.9K
CENTA icon
674
Central Garden & Pet Co Class A
CENTA
$2.42B
– –
-9,384
Closed -$307K
CHWY icon
675
Chewy
CHWY
$9.05B
– –
-8,670
Closed -$282K
25 26
27
28 29

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 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.