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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
GEVO icon
726
Gevo
GEVO
$397M
– –
-21,995
Closed -$25.5K
GIII icon
727
G-III Apparel Group
GIII
$1.47B
– –
-11,458
Closed -$313K
GLD icon
728
SPDR Gold Trust
GLD
$131B
– –
-9,387
Closed -$2.84M
B
729
Barrick Mining
B
$62.2B
– –
-7,575
Closed -$147K
B
730
PUT
Barrick Mining
B
$62.2B
– –
-20,100
Closed -$391K
GREK
731
Global X MSCI Greece ETF
GREK
$288M
– –
-41,640
Closed -$1.96M
GS icon
732
Goldman Sachs
GS
$313B
– –
-502
Closed -$291K
GT icon
733
Goodyear
GT
$2.07B
– –
-40,494
Closed -$374K
HEES
734
DELISTED
H&E Equipment Services
HEES
– –
-30,000
Closed -$2.84M
HLT icon
735
Hilton Worldwide
HLT
$74B
– –
-304
Closed -$72.4K
HON icon
736
Honeywell
HON
$77.1B
– –
-1,116
Closed -$226K
HTH icon
737
Hilltop Holdings
HTH
$2.29B
– –
-9,979
Closed -$304K
HUM icon
738
CALL
Humana
HUM
$46.7B
– –
-500
Closed -$132K
HUM icon
739
Humana
HUM
$46.7B
– –
-408
Closed -$108K
HUM icon
740
PUT
Humana
HUM
$46.7B
– –
-1,200
Closed -$318K
IBKR icon
741
Interactive Brokers
IBKR
$40.9B
– –
-44,400
Closed -$1.84M
IBM icon
742
IBM
IBM
$202B
– –
-270,858
Closed -$69.8M
IBRX icon
743
ImmunityBio
IBRX
$7.44B
– –
-104,380
Closed -$314K
IEF icon
744
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
– –
-30,000
Closed -$2.86M
IEI icon
745
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
– –
-340,510
Closed -$40.2M
BRSL
746
Brightstar Lottery PLC
BRSL
$1.91B
– –
-16,507
Closed -$268K
INTU icon
747
Intuit
INTU
$81.1B
– –
-296
Closed -$200K
IONS icon
748
Ionis Pharmaceuticals
IONS
$9.35B
– –
-10,382
Closed -$313K
IOT icon
749
Samsara
IOT
$19.3B
– –
-6,868
Closed -$263K
ISRG icon
750
Intuitive Surgical
ISRG
$121B
– –
-634
Closed -$332K
28 29
30
31 32

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.