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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
MDLZ icon
726
PUT
Mondelez International
MDLZ
$77.5B
$91.5K ﹤0.01%
1,700
-2,200
-56% -$127K
PAYX icon
727
CALL
Paychex
PAYX
$40.4B
$89.7K ﹤0.01%
800
+300
+60% +$35.1K
SRE icon
728
CALL
Sempra
SRE
$61.4B
$88.3K ﹤0.01%
+1,000
New +$91.1K
GLW icon
729
CALL
Corning
GLW
$129B
$87.6K ﹤0.01%
1,000
+600
+150% +$51.7K
FDX icon
730
CALL
FedEx
FDX
$74.9B
$86.7K ﹤0.01%
300
-100
-25% -$26.3K
WDAY icon
731
PUT
Workday
WDAY
$33B
$85.9K ﹤0.01%
400
-300
-43% -$68.2K
VMC icon
732
PUT
Vulcan Materials
VMC
$35.8B
$85.6K ﹤0.01%
+300
New +$88K
AIG icon
733
PUT
American International
AIG
$41.9B
$85.5K ﹤0.01%
1,000
-24,600
-96% -$1.97M
RSG icon
734
CALL
Republic Services
RSG
$67B
$84.8K ﹤0.01%
+400
New +$86.1K
RIOT icon
735
Riot Platforms
RIOT
$8.78B
$81K ﹤0.01%
+6,390
New +$109K
URI icon
736
CALL
United Rentals
URI
$70.3B
$80.9K ﹤0.01%
100
-700
-88% -$608K
URI icon
737
PUT
United Rentals
URI
$70.3B
$80.9K ﹤0.01%
100
-2,600
-96% -$2.26M
PAYX icon
738
PUT
Paychex
PAYX
$40.4B
$78.5K ﹤0.01%
700
-300
-30% -$35.1K
UAL icon
739
PUT
United Airlines
UAL
$38.4B
$78.3K ﹤0.01%
700
+300
+75% +$30.3K
ZTS icon
740
CALL
Zoetis
ZTS
$31.5B
$75.5K ﹤0.01%
+600
New +$78.3K
BNS icon
741
Scotiabank
BNS
$106B
$74.8K ﹤0.01%
1,015
-6,450
-86% -$438K
ADSK icon
742
Autodesk
ADSK
$45B
$74.6K ﹤0.01%
252
-1,028
-80% -$311K
TMUS icon
743
T-Mobile US
TMUS
$192B
$74.5K ﹤0.01%
367
-4,318
-92% -$915K
KWEB icon
744
KraneShares CSI China Internet ETF
KWEB
$5.21B
$72.5K ﹤0.01%
2,128
-22,611
-91% -$870K
NOC icon
745
Northrop Grumman
NOC
$77.1B
$72.4K ﹤0.01%
+127
New +$73.7K
AMT icon
746
American Tower
AMT
$78.6B
$71.1K ﹤0.01%
405
-4,862
-92% -$885K
GETY icon
747
Getty Images
GETY
$179M
$70.1K ﹤0.01%
52,328
– –
PCG icon
748
PUT
PG&E
PCG
$47.9B
$67.5K ﹤0.01%
+4,200
New +$67.1K
BX icon
749
Blackstone
BX
$101B
$66.4K ﹤0.01%
431
+107
+33% +$16.3K
APO icon
750
Apollo Global Management
APO
$69.5B
$65.6K ﹤0.01%
453
-152
-25% -$20.2K
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 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.