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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
(+87%)
Cap. Flow
+$8.06B
Cap. Flow
% of AUM
40.12%
Top 10 Holdings %
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.79B |
| 2 |
Strategy Inc
MSTR
|
+$651M |
| 3 |
UnitedHealth
UNH
|
+$291M |
| 4 |
Coinbase
COIN
|
+$170M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
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 | |
|---|---|---|---|---|---|---|
751
Globalstar
GSAT
$10.2B
| $59.3K | ﹤0.01% |
+1,630
| New | +$46.7K |
|
752
CALL
MSCI
MSCI
$40B
| $56.7K | ﹤0.01% |
+100
| New | +$56.5K |
|
753
Blackstone
BX
$104B
| $55.4K | ﹤0.01% |
324
-233
| -42% | -$39.9K |
|
754
Kinder Morgan
KMI
$73.1B
| $50K | ﹤0.01% |
1,767
+1,040
| +143% | +$28.5K |
|
755
Freeport-McMoran
FCX
$90B
| $49.9K | ﹤0.01% |
1,273
-12,959
| -91% | -$562K |
|
756
CALL
Ameriprise Financial
AMP
$46.8B
| $49.1K | ﹤0.01% |
+100
| New | +$51.3K |
|
757
Arista Networks
ANET
$219B
| $48.4K | ﹤0.01% |
332
+328
| +8,200% | +$42.2K |
|
758
CME Group
CME
$92.2B
| $47.6K | ﹤0.01% |
176
-24
| -12% | -$6.53K |
|
759
PUT
Seagate
STX
$193B
| $47.2K | ﹤0.01% |
+200
| New | +$34.1K |
|
760
Workday
WDAY
$33.4B
| $46.7K | ﹤0.01% |
194
+35
| +22% | +$8.09K |
|
761
PUT
Fidelity National Information Services
FIS
$21.5B
| $39.6K | ﹤0.01% |
+600
| New | +$43.8K |
|
762
PUT
United Airlines
UAL
$38.4B
| $38.6K | ﹤0.01% |
+400
| New | +$38.5K |
|
763
Illinois Tool Works
ITW
$81.4B
| $38.6K | ﹤0.01% |
148
-90
| -38% | -$23.5K |
|
764
FedEx
FDX
$74.5B
| $34.9K | ﹤0.01% |
148
-838
| -85% | -$193K |
|
765
PNC Financial Services
PNC
$100B
| $33.8K | ﹤0.01% |
168
-188
| -53% | -$37.2K |
|
766
Ecolab
ECL
$75.6B
| $32.9K | ﹤0.01% |
120
+40
| +50% | +$10.9K |
|
767
CALL
Corning
GLW
$126B
| $32.8K | ﹤0.01% |
+400
| New | +$26.1K |
|
768
US Bancorp
USB
$99.6B
| $32.8K | ﹤0.01% |
678
-727
| -52% | -$34.4K |
|
769
PACCAR
PCAR
$69.6B
| $32.2K | ﹤0.01% |
327
-446
| -58% | -$44K |
|
770
Waste Management
WM
$95.9B
| $29.8K | ﹤0.01% |
135
-170
| -56% | -$38.3K |
|
771
CALL
Public Storage
PSA
$60.2B
| $28.9K | ﹤0.01% |
+100
| New | +$28.7K |
|
772
Marriott International
MAR
$98.7B
| $28.4K | ﹤0.01% |
+109
| New | +$29.3K |
|
773
CALL
ResMed
RMD
$28.3B
| $27.4K | ﹤0.01% |
+100
| New | +$27.3K |
|
774
MetLife
MET
$61B
| $26K | ﹤0.01% |
+316
| New | +$24.9K |
|
775
CALL
Agilent Technologies
A
$39.1B
| $25.7K | ﹤0.01% |
+200
| New | +$24.2K |
|
Similar funds
X
BIP
FGP
TI
SSA
SAM
BBVA
IFP
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.