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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
ORLY icon
676
PUT
O'Reilly Automotive
ORLY
$71.9B
$128K ﹤0.01%
1,400
-800
-36% -$78.2K
FTNT icon
677
CALL
Fortinet
FTNT
$113B
$127K ﹤0.01%
+1,600
New +$133K
AEP icon
678
CALL
American Electric Power
AEP
$73.7B
$127K ﹤0.01%
1,100
+200
+22% +$23.6K
APD icon
679
Air Products & Chemicals
APD
$66B
$126K ﹤0.01%
511
+174
+52% +$44.1K
SRE icon
680
PUT
Sempra
SRE
$61B
$124K ﹤0.01%
+1,400
New +$127K
GE icon
681
GE Aerospace
GE
$370B
$123K ﹤0.01%
400
-1,016
-72% -$306K
GLW icon
682
PUT
Corning
GLW
$131B
$123K ﹤0.01%
1,400
+600
+75% +$51.7K
LYFT icon
683
Lyft
LYFT
$5.52B
$120K ﹤0.01%
6,208
+1,866
+43% +$38.8K
ORLY icon
684
CALL
O'Reilly Automotive
ORLY
$71.9B
$119K ﹤0.01%
1,300
-2,300
-64% -$225K
CL icon
685
PUT
Colgate-Palmolive
CL
$72.5B
$119K ﹤0.01%
1,500
-1,100
-42% -$86.2K
TGT icon
686
CALL
Target
TGT
$62.3B
$117K ﹤0.01%
1,200
+400
+50% +$36.9K
LIN icon
687
Linde
LIN
$235B
$117K ﹤0.01%
274
-1,459
-84% -$625K
BNY
688
CALL
Bank of New York Mellon
BNY
$108B
$116K ﹤0.01%
+1,000
New +$111K
MPC icon
689
CALL
Marathon Petroleum
MPC
$91B
$114K ﹤0.01%
700
-1,700
-71% -$318K
GD icon
690
General Dynamics
GD
$104B
$113K ﹤0.01%
336
-70
-17% -$23.9K
MDLZ icon
691
CALL
Mondelez International
MDLZ
$77.2B
$113K ﹤0.01%
2,100
– –
USB icon
692
CALL
US Bancorp
USB
$99.5B
$112K ﹤0.01%
2,100
-900
-30% -$44.3K
RCL icon
693
CALL
Royal Caribbean
RCL
$79.7B
$112K ﹤0.01%
400
– –
D icon
694
CALL
Dominion Energy
D
$62.6B
$111K ﹤0.01%
1,900
+700
+58% +$42.2K
AIG icon
695
CALL
American International
AIG
$41.7B
$111K ﹤0.01%
1,300
-24,600
-95% -$1.97M
APA icon
696
APA Corp
APA
$12.9B
$111K ﹤0.01%
4,536
-355
-7% -$8.59K
PGR icon
697
Progressive
PGR
$124B
$111K ﹤0.01%
486
-1,611
-77% -$364K
SRE icon
698
Sempra
SRE
$61B
$110K ﹤0.01%
+1,251
New +$114K
CI icon
699
CALL
Cigna
CI
$76B
$110K ﹤0.01%
+400
New +$112K
CTAS icon
700
Cintas
CTAS
$82.7B
$109K ﹤0.01%
578
+224
+63% +$42.2K
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 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.