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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
CRWD icon
51
PUT
CrowdStrike
CRWD
$187B
$52.2M 0.26%
426,000
+424,000
+21,200% +$48.2M
KRE icon
52
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
$50.6M 0.25%
+800,000
New +$50.4M
KWEB icon
53
CALL
KraneShares CSI China Internet ETF
KWEB
$5.2B
$50.4M 0.25%
+1,200,000
New +$45M
CRWD icon
54
CrowdStrike
CRWD
$187B
$49.6M 0.25%
+404,260
New +$46M
TSLA icon
55
Tesla
TSLA
$1.24T
$49.2M 0.25%
110,723
+90,457
+446% +$31.4M
BIDU icon
56
Baidu
BIDU
$35.8B
$46.1M 0.23%
350,000
+322,842
+1,189% +$32M
BIDU icon
57
PUT
Baidu
BIDU
$35.8B
$46.1M 0.23%
+350,000
New +$34.7M
META icon
58
PUT
Meta Platforms (Facebook)
META
$1.51T
$43.1M 0.21%
58,700
+52,900
+912% +$39.4M
SPY icon
59
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$39M 0.19%
58,600
-89,400
-60% -$57.3M
GS icon
60
PUT
Goldman Sachs
GS
$313B
$38.1M 0.19%
47,800
+46,900
+5,211% +$34.8M
NVDA icon
61
CALL
NVIDIA
NVDA
$5.01T
$36.8M 0.18%
197,300
+148,200
+302% +$25.8M
GS icon
62
CALL
Goldman Sachs
GS
$313B
$36.2M 0.18%
45,500
+45,200
+15,067% +$33.5M
JPM icon
63
CALL
JPMorgan Chase
JPM
$939B
$36.2M 0.18%
114,800
+111,600
+3,488% +$33.2M
CYBR
64
DELISTED
CyberArk
CYBR
$34.9M 0.17%
+72,333
New +$31.1M
ARKK icon
65
CALL
ARK Innovation ETF
ARKK
$5.89B
$34.5M 0.17%
+400,000
New +$30.6M
VRNA
66
DELISTED
Verona Pharma
VRNA
$31.6M 0.16%
+295,665
New +$30.9M
DAY
67
DELISTED
Dayforce
DAY
$28M 0.14%
+407,000
New +$25.3M
FXI icon
68
CALL
iShares China Large-Cap ETF
FXI
$4.31B
$24.7M 0.12%
600,000
+100,000
+20% +$3.87M
LBRDK icon
69
Liberty Broadband Class C
LBRDK
$4.15B
$22.2M 0.11%
349,413
+325,567
+1,365% +$22.8M
IPG
70
DELISTED
Interpublic Group of Companies
IPG
$21.4M 0.11%
766,433
+496,808
+184% +$12.8M
SLV icon
71
PUT
iShares Silver Trust
SLV
$28.1B
$21.2M 0.11%
+500,000
New +$18M
BABA icon
72
CALL
Alibaba
BABA
$269B
$20.4M 0.1%
+114,000
New +$14.9M
STZ icon
73
Constellation Brands
STZ
$22.2B
$20.2M 0.1%
+150,151
New +$23.9M
STZ icon
74
PUT
Constellation Brands
STZ
$22.2B
$20.2M 0.1%
+150,000
New +$23.9M
FYBR
75
DELISTED
Frontier Communications
FYBR
$20M 0.1%
536,045
-13,425
-2% -$496K
1 2
3
4 5

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.