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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
DK icon
701
Delek US
DK
$3.87B
– –
-18,139
Closed -$273K
DKNG icon
702
CALL
DraftKings
DKNG
$11.4B
– –
-50,000
Closed -$1.66M
DKNG icon
703
DraftKings
DKNG
$11.4B
– –
-544,230
Closed -$18.1M
DKNG icon
704
PUT
DraftKings
DKNG
$11.4B
– –
-550,000
Closed -$18.3M
DNB
705
DELISTED
Dun & Bradstreet
DNB
– –
-560,799
Closed -$5.01M
DNOW icon
706
DNOW Inc
DNOW
$2.63B
– –
-17,527
Closed -$299K
DOUG icon
707
Douglas Elliman
DOUG
$155M
– –
-20,215
Closed -$34.8K
DXC icon
708
DXC Technology
DXC
$1.63B
– –
-13,158
Closed -$224K
EAT icon
709
Brinker International
EAT
$8.02B
– –
-1,789
Closed -$267K
EEM icon
710
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.5B
– –
-800,000
Closed -$35M
ELDN icon
711
Eledon Pharmaceuticals
ELDN
$276M
– –
-10,170
Closed -$34.5K
EMBC icon
712
Embecta
EMBC
$195M
– –
-16,779
Closed -$214K
EMR icon
713
Emerson Electric
EMR
$82.9B
– –
-603
Closed -$69.2K
EQR icon
714
Equity Residential
EQR
$25.4B
– –
-4,233
Closed -$303K
ETN icon
715
Eaton
ETN
$157B
– –
-663
Closed -$204K
EVCM icon
716
EverCommerce
EVCM
$2.05B
– –
-31,664
Closed -$319K
EVRI
717
DELISTED
Everi Holdings
EVRI
– –
-55,000
Closed -$752K
EXFY icon
718
Expensify
EXFY
$166M
– –
-10,475
Closed -$31.8K
FISV
719
Fiserv Inc
FISV
$27.2B
– –
-543
Closed -$120K
FISV
720
PUT
Fiserv Inc
FISV
$27.2B
– –
-1,100
Closed -$243K
FRHC icon
721
Freedom Holding
FRHC
$9.61B
– –
-2,791
Closed -$369K
FUBO icon
722
FuboTV Inc
FUBO
$245M
– –
-8,183
Closed -$287K
GBX icon
723
The Greenbrier Companies
GBX
$1.61B
– –
-4,930
Closed -$253K
GD icon
724
General Dynamics
GD
$105B
– –
-247
Closed -$68K
GE icon
725
GE Aerospace
GE
$367B
– –
-1,080
Closed -$237K
27 28
29
30 31

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.