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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
+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
Cap. Flow
+$8.06B
Cap. Flow %
40.12%
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.79B
2
MSTR icon
Strategy Inc
MSTR
+$651M
3
UNH icon
UnitedHealth
UNH
+$291M
4
COIN icon
Coinbase
COIN
+$170M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$151M

Top Sells

Rank Stock Value
1
SPY icon
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
APP icon
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
SHW icon
676
CALL
Sherwin-Williams
SHW
$78.3B
$139K ﹤0.01%
400
+100
+33% +$35.3K
GD icon
677
General Dynamics
GD
$105B
$138K ﹤0.01%
+406
New +$128K
ECL icon
678
CALL
Ecolab
ECL
$75.6B
$137K ﹤0.01%
500
+200
+67% +$54.3K
CL icon
679
Colgate-Palmolive
CL
$72.6B
$137K ﹤0.01%
1,709
+742
+77% +$63.3K
PYPL icon
680
CALL
PayPal
PYPL
$49.5B
$134K ﹤0.01%
2,000
+600
+43% +$42.3K
PDD icon
681
Pinduoduo
PDD
$118B
$132K ﹤0.01%
+1,000
New +$118K
MDLZ icon
682
CALL
Mondelez International
MDLZ
$77.7B
$131K ﹤0.01%
2,100
+700
+50% +$45.1K
EMR icon
683
CALL
Emerson Electric
EMR
$82.9B
$131K ﹤0.01%
1,000
+300
+43% +$40.9K
ITW icon
684
CALL
Illinois Tool Works
ITW
$81.4B
$130K ﹤0.01%
500
+200
+67% +$52.1K
RCL icon
685
CALL
Royal Caribbean
RCL
$78.7B
$129K ﹤0.01%
400
+100
+33% +$33.4K
ELV icon
686
CALL
Elevance Health
ELV
$81.9B
$129K ﹤0.01%
400
+100
+33% +$31.1K
FISV
687
CALL
Fiserv Inc
FISV
$27.2B
$129K ﹤0.01%
+1,000
New +$143K
PAYX icon
688
PUT
Paychex
PAYX
$40.4B
$127K ﹤0.01%
+1,000
New +$139K
WMB icon
689
CALL
Williams Companies
WMB
$90.5B
$127K ﹤0.01%
2,000
+700
+54% +$41.1K
UNP icon
690
Union Pacific
UNP
$183B
$127K ﹤0.01%
536
-49
-8% -$11K
M icon
691
Macy's
M
$6.15B
$125K ﹤0.01%
+6,990
New +$99K
PWR icon
692
CALL
Quanta Services
PWR
$93.9B
$124K ﹤0.01%
300
+100
+50% +$38.9K
MDLZ icon
693
Mondelez International
MDLZ
$77.7B
$122K ﹤0.01%
1,958
+840
+75% +$54.2K
MRSH
694
PUT
Marsh
MRSH
$86.3B
$121K ﹤0.01%
600
-600
-50% -$123K
CSX icon
695
CALL
CSX Corp
CSX
$98.6B
$121K ﹤0.01%
3,400
+1,100
+48% +$37.6K
SHCO
696
DELISTED
Soho House & Co
SHCO
$121K ﹤0.01%
+13,636
New +$107K
APO icon
697
CALL
Apollo Global Management
APO
$70.7B
$120K ﹤0.01%
900
+300
+50% +$42.5K
APA icon
698
APA Corp
APA
$12.8B
$119K ﹤0.01%
4,891
-19,978
-80% -$422K
VST icon
699
CALL
Vistra
VST
$55.1B
$118K ﹤0.01%
600
+200
+50% +$39.6K
UPS icon
700
CALL
United Parcel Service
UPS
$97.6B
$117K ﹤0.01%
1,400
-10,600
-88% -$960K
26 27
28
29 30

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 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.