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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 | |
|---|---|---|---|---|---|---|
676
Cincinnati Financial
CINF
$28.3B
| – | – |
-2,193
| Closed | -$324K |
|
677
Clover Health Investments
CLOV
$2.28B
| – | – |
-17,381
| Closed | -$62.4K |
|
678
CleanSpark
CLSK
$3.73B
| – | – |
-28,662
| Closed | -$193K |
|
679
Capital One
COF
$124B
| – | – |
-397
| Closed | -$74.1K |
|
680
CALL
Coinbase
COIN
$41.7B
| – | – |
-2,300
| Closed | -$396K |
|
|
681
Coinbase
COIN
$41.7B
| – | – |
-29,691
| Closed | -$5.11M |
|
|
682
PUT
Coinbase
COIN
$41.7B
| – | – |
-14,400
| Closed | -$2.48M |
|
|
VISN
683
Vistance Networks Inc
VISN
$2.66B
| – | – |
-48,212
| Closed | -$256K |
|
684
Carter's
CRI
$1.43B
| – | – |
-6,817
| Closed | -$279K |
|
685
Corsair Gaming
CRSR
$1.05B
| – | – |
-29,937
| Closed | -$265K |
|
686
CrowdStrike
CRWD
$187B
| – | – |
-217,876
| Closed | -$23.6M |
|
687
Corvus Pharmaceuticals
CRVS
$1.1B
| – | – |
-14,793
| Closed | -$47K |
|
|
CSGS
688
DELISTED
CSG Systems International
CSGS
| – | – |
-4,828
| Closed | -$292K |
|
|
CUK
689
DELISTED
Carnival PLC
CUK
| – | – |
-226,388
| Closed | -$3.97M |
|
690
CVR Energy
CVI
$3.36B
| – | – |
-17,846
| Closed | -$346K |
|
691
Dana Inc
DAN
$2.91B
| – | – |
-18,224
| Closed | -$243K |
|
692
DoorDash
DASH
$75.3B
| – | – |
-2,224
| Closed | -$406K |
|
693
CALL
Datadog
DDOG
$87.9B
| – | – |
-48,600
| Closed | -$4.82M |
|
694
Dillards
DDS
$8.87B
| – | – |
-646
| Closed | -$231K |
|
695
Dell
DELL
$283B
| – | – |
-1,000,000
| Closed | -$91.2M |
|
|
696
PUT
Dell
DELL
$283B
| – | – |
-1,000,000
| Closed | -$91.2M |
|
|
DESP
697
DELISTED
Despegar.com
DESP
| – | – |
-800,000
| Closed | -$15M |
|
698
Dream Finders Homes
DFH
$1.46B
| – | – |
-12,019
| Closed | -$271K |
|
|
DFS
699
DELISTED
Discover Financial Services
DFS
| – | – |
-1,513
| Closed | -$258K |
|
700
Walt Disney
DIS
$165B
| – | – |
-2,605
| Closed | -$271K |
|
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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.