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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
(-40%)
Cap. Flow
-$9.02B
Cap. Flow
% of AUM
-83.79%
Top 10 Holdings %
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$578M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$113M |
| 3 |
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 |
iShares Core S&P 500 ETF
IVV
|
+$4.43B |
| 2 |
NVIDIA
NVDA
|
+$693M |
| 3 |
Strategy Inc
MSTR
|
+$473M |
| 4 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$241M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
751
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| – | – |
-300,000
| Closed | -$59.8M |
|
752
JetBlue
JBLU
$1.96B
| – | – |
-49,504
| Closed | -$239K |
|
753
JPMorgan Chase
JPM
$939B
| – | – |
-3,049
| Closed | -$778K |
|
754
Kyndryl
KD
$2.66B
| – | – |
-7,837
| Closed | -$246K |
|
755
KLA
KLAC
$275B
| – | – |
-2,620
| Closed | -$197K |
|
756
Kopin
KOPN
$663M
| – | – |
-22,727
| Closed | -$21.2K |
|
757
Kohl's
KSS
$2.03B
| – | – |
-32,521
| Closed | -$266K |
|
758
CALL
KraneShares CSI China Internet ETF
KWEB
$5.2B
| – | – |
-1,950,000
| Closed | -$68.1M |
|
759
Laureate Education
LAUR
$5.18B
| – | – |
-14,195
| Closed | -$290K |
|
760
Liberty Broadband Class A
LBRDA
$4.14B
| – | – |
-21,345
| Closed | -$1.81M |
|
761
Lucid Motors
LCID
$2.46B
| – | – |
-11,399
| Closed | -$276K |
|
762
loanDepot
LDI
$548M
| – | – |
-22,935
| Closed | -$27.3K |
|
763
Centrus Energy
LEU
$3.22B
| – | – |
-3,638
| Closed | -$226K |
|
764
Lam Research
LRCX
$382B
| – | – |
-5,070
| Closed | -$402K |
|
765
Lumen
LUMN
$6.53B
| – | – |
-59,024
| Closed | -$231K |
|
766
LXP Industrial Trust
LXP
$3.53B
| – | – |
-6,960
| Closed | -$301K |
|
767
Macy's
M
$6.15B
| – | – |
-22,508
| Closed | -$283K |
|
768
Marriott International
MAR
$98.7B
| – | – |
-295
| Closed | -$74K |
|
769
Mattel
MAT
$4.17B
| – | – |
-16,456
| Closed | -$320K |
|
770
Merchants Bancorp
MBIN
$2.19B
| – | – |
-7,480
| Closed | -$277K |
|
771
Mercury Insurance
MCY
$5.94B
| – | – |
-5,933
| Closed | -$332K |
|
772
Pediatrix Medical
MD
$2.16B
| – | – |
-17,272
| Closed | -$250K |
|
773
CALL
Mercado Libre
MELI
$91.3B
| – | – |
-400
| Closed | -$780K |
|
|
774
Mercado Libre
MELI
$91.3B
| – | – |
-14
| Closed | -$27.3K |
|
|
775
PUT
Mercado Libre
MELI
$91.3B
| – | – |
-400
| Closed | -$780K |
|
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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.