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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
IPG
51
DELISTED
Interpublic Group of Companies
IPG
$6.6M 0.06%
+269,625
New +$6.56M
TSLA icon
52
Tesla
TSLA
$1.24T
$6.44M 0.06%
20,266
+6,345
+46% +$1.91M
AMZN icon
53
PUT
Amazon
AMZN
$2.5T
$6.08M 0.06%
27,700
-20,500
-43% -$4.06M
SKX
54
DELISTED
Skechers
SKX
$6.03M 0.06%
+95,500
New +$5.48M
BAC icon
55
CALL
Bank of America
BAC
$435B
$5.96M 0.06%
125,900
+111,600
+780% +$4.7M
T icon
56
AT&T
T
$165B
$5.93M 0.06%
205,074
+190,684
+1,325% +$5.25M
HOOD icon
57
Robinhood
HOOD
$85.2B
$5.92M 0.06%
63,215
+16,594
+36% +$982K
DVY icon
58
iShares Select Dividend ETF
DVY
$24B
$5.75M 0.05%
+43,303
New +$5.61M
XLB icon
59
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
$5.71M 0.05%
+130,000
New +$5.51M
INDA icon
60
iShares MSCI India ETF
INDA
$6.71B
$5.67M 0.05%
101,875
-27,588
-21% -$1.47M
ASML icon
61
PUT
ASML
ASML
$675B
$5.61M 0.05%
7,000
-24,800
-78% -$17.8M
CRH icon
62
CRH
CRH
$66.7B
$5.57M 0.05%
60,673
-18,264
-23% -$1.67M
MCHI icon
63
iShares MSCI China ETF
MCHI
$6.04B
$5.48M 0.05%
99,400
– –
SLB icon
64
SLB Ltd
SLB
$77.8B
$5.43M 0.05%
160,576
+158,206
+6,675% +$5.49M
CVS icon
65
PUT
CVS Health
CVS
$137B
$5.37M 0.05%
77,800
+76,000
+4,222% +$4.98M
XLF icon
66
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$5.24M 0.05%
+100,000
New +$4.95M
XLF icon
67
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$5.24M 0.05%
+100,000
New +$4.95M
EL icon
68
PUT
Estee Lauder
EL
$29B
$4.85M 0.05%
60,000
-16,300
-21% -$1.05M
XLE icon
69
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$4.77M 0.04%
+112,544
New +$4.69M
PLTR icon
70
PUT
Palantir
PLTR
$295B
$4.72M 0.04%
34,600
+28,800
+497% +$3.38M
DIS icon
71
CALL
Walt Disney
DIS
$165B
$4.64M 0.04%
37,400
+34,600
+1,236% +$3.59M
UHAL.B icon
72
U-Haul Holding Co Series N
UHAL.B
$12.2B
$4.4M 0.04%
80,935
-17,326
-18% -$967K
PLTR icon
73
CALL
Palantir
PLTR
$295B
$4.33M 0.04%
31,800
+29,900
+1,574% +$3.51M
PYPL icon
74
PUT
PayPal
PYPL
$49.5B
$4.3M 0.04%
57,800
-13,000
-18% -$890K
META icon
75
PUT
Meta Platforms (Facebook)
META
$1.51T
$4.28M 0.04%
5,800
-20,200
-78% -$12.5M
1 2
3
4 5

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X
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BIP
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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
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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.