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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
ROST icon
701
CALL
Ross Stores
ROST
$76.6B
$108K ﹤0.01%
600
– –
JCI icon
702
CALL
Johnson Controls International
JCI
$87.5B
$108K ﹤0.01%
+900
New +$103K
O icon
703
CALL
Realty Income
O
$61.2B
$107K ﹤0.01%
1,900
+400
+27% +$23.2K
RSG icon
704
PUT
Republic Services
RSG
$66.7B
$106K ﹤0.01%
+500
New +$108K
EOG icon
705
PUT
EOG Resources
EOG
$78B
$105K ﹤0.01%
1,000
-8,000
-89% -$859K
ECL icon
706
CALL
Ecolab
ECL
$75.6B
$105K ﹤0.01%
400
-100
-20% -$26.6K
M icon
707
Macy's
M
$6.15B
$104K ﹤0.01%
4,729
-2,261
-32% -$46.3K
AJG icon
708
CALL
Arthur J. Gallagher & Co
AJG
$63.7B
$104K ﹤0.01%
+400
New +$106K
MET icon
709
CALL
MetLife
MET
$61B
$103K ﹤0.01%
1,300
+500
+63% +$39.6K
HWM icon
710
CALL
Howmet Aerospace
HWM
$116B
$103K ﹤0.01%
+500
New +$99.5K
PLD icon
711
Prologis
PLD
$138B
$102K ﹤0.01%
802
-1,133
-59% -$141K
CMI icon
712
CALL
Cummins
CMI
$91.7B
$102K ﹤0.01%
200
– –
GD icon
713
CALL
General Dynamics
GD
$105B
$101K ﹤0.01%
300
-1,100
-79% -$375K
ZTS icon
714
PUT
Zoetis
ZTS
$31.6B
$101K ﹤0.01%
+800
New +$104K
INTU icon
715
Intuit
INTU
$81.1B
$99.4K ﹤0.01%
150
-967
-87% -$639K
KMI icon
716
PUT
Kinder Morgan
KMI
$73.1B
$99K ﹤0.01%
3,600
-2,500
-41% -$67.5K
AMP icon
717
CALL
Ameriprise Financial
AMP
$46.8B
$98.1K ﹤0.01%
200
+100
+100% +$47.5K
WBD icon
718
CALL
Warner Bros
WBD
$64.6B
$98K ﹤0.01%
+3,400
New +$79.5K
TGT icon
719
Target
TGT
$62.1B
$97.1K ﹤0.01%
993
-295
-23% -$27.2K
BILL icon
720
BILL Holdings
BILL
$4.33B
$96.9K ﹤0.01%
1,776
-29
-2% -$1.49K
FTNT icon
721
PUT
Fortinet
FTNT
$112B
$95.3K ﹤0.01%
+1,200
New +$99.5K
CTAS icon
722
PUT
Cintas
CTAS
$82.4B
$94K ﹤0.01%
500
-500
-50% -$94.2K
HCA icon
723
CALL
HCA Healthcare
HCA
$84.8B
$93.4K ﹤0.01%
+200
New +$92.9K
SPG icon
724
CALL
Simon Property Group
SPG
$74.5B
$92.6K ﹤0.01%
500
-100
-17% -$18.2K
BSX icon
725
Boston Scientific
BSX
$65.8B
$92.2K ﹤0.01%
967
-7,025
-88% -$689K
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 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.