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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
AMP icon
651
PUT
Ameriprise Financial
AMP
$46.8B
$147K ﹤0.01%
300
-24,900
-99% -$11.8M
EOG icon
652
CALL
EOG Resources
EOG
$78B
$147K ﹤0.01%
1,400
-1,900
-58% -$204K
TRV icon
653
CALL
Travelers Companies
TRV
$80.8B
$145K ﹤0.01%
500
– –
JCI icon
654
PUT
Johnson Controls International
JCI
$87.5B
$144K ﹤0.01%
+1,200
New +$138K
HWM icon
655
PUT
Howmet Aerospace
HWM
$116B
$144K ﹤0.01%
+700
New +$139K
SLB icon
656
CALL
SLB Ltd
SLB
$78.4B
$142K ﹤0.01%
3,700
+1,100
+42% +$39.9K
AON icon
657
CALL
Aon
AON
$77.3B
$141K ﹤0.01%
+400
New +$140K
ELV icon
658
PUT
Elevance Health
ELV
$81.9B
$140K ﹤0.01%
400
+200
+100% +$67.6K
HCA icon
659
PUT
HCA Healthcare
HCA
$84.8B
$140K ﹤0.01%
+300
New +$139K
SO icon
660
Southern Company
SO
$110B
$140K ﹤0.01%
+1,601
New +$146K
DLR icon
661
CALL
Digital Realty Trust
DLR
$73.7B
$139K ﹤0.01%
900
+300
+50% +$49.3K
CI icon
662
PUT
Cigna
CI
$76.6B
$138K ﹤0.01%
+500
New +$140K
A icon
663
Agilent Technologies
A
$39.1B
$137K ﹤0.01%
1,006
-482
-32% -$69.3K
DASH icon
664
CALL
DoorDash
DASH
$75.3B
$136K ﹤0.01%
+600
New +$141K
IDXX icon
665
CALL
Idexx Laboratories
IDXX
$42.9B
$135K ﹤0.01%
+200
New +$136K
IDXX icon
666
PUT
Idexx Laboratories
IDXX
$42.9B
$135K ﹤0.01%
+200
New +$136K
APP icon
667
CALL
Applovin
APP
$132B
$135K ﹤0.01%
+200
New +$126K
KMI icon
668
CALL
Kinder Morgan
KMI
$73.1B
$135K ﹤0.01%
4,900
+1,500
+44% +$40.5K
WM icon
669
Waste Management
WM
$95.9B
$135K ﹤0.01%
613
+478
+354% +$102K
ECL icon
670
PUT
Ecolab
ECL
$75.6B
$131K ﹤0.01%
500
-300
-38% -$79.9K
APO icon
671
CALL
Apollo Global Management
APO
$70.7B
$130K ﹤0.01%
900
– –
AJG icon
672
PUT
Arthur J. Gallagher & Co
AJG
$63.7B
$129K ﹤0.01%
+500
New +$132K
VST icon
673
CALL
Vistra
VST
$55.1B
$129K ﹤0.01%
800
+200
+33% +$36.4K
WDAY icon
674
CALL
Workday
WDAY
$33.4B
$129K ﹤0.01%
600
+200
+50% +$45.4K
CTSH icon
675
Cognizant
CTSH
$21.5B
$128K ﹤0.01%
+1,543
New +$115K
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 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.