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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
PSX icon
751
CALL
Phillips 66
PSX
$82.9B
$64.5K ﹤0.01%
500
-100
-17% -$13.5K
MDLZ icon
752
Mondelez International
MDLZ
$77.7B
$63.8K ﹤0.01%
1,186
-772
-39% -$44.4K
AJG icon
753
Arthur J. Gallagher & Co
AJG
$63.7B
$62.9K ﹤0.01%
+243
New +$64.3K
MLM icon
754
CALL
Martin Marietta Materials
MLM
$33.6B
$62.3K ﹤0.01%
+100
New +$62.2K
MLM icon
755
PUT
Martin Marietta Materials
MLM
$33.6B
$62.3K ﹤0.01%
+100
New +$62.2K
MET icon
756
MetLife
MET
$61B
$61.7K ﹤0.01%
781
+465
+147% +$36.8K
DLR icon
757
Digital Realty Trust
DLR
$73.7B
$60.8K ﹤0.01%
+393
New +$64.5K
ITW icon
758
Illinois Tool Works
ITW
$81.4B
$59.6K ﹤0.01%
242
+94
+64% +$23.4K
KKR icon
759
KKR & Co
KKR
$89.2B
$59.4K ﹤0.01%
466
-85
-15% -$10.6K
CTSH icon
760
CALL
Cognizant
CTSH
$21.5B
$58.1K ﹤0.01%
+700
New +$52.4K
MSCI icon
761
CALL
MSCI
MSCI
$40B
$57.4K ﹤0.01%
100
– –
VMC icon
762
CALL
Vulcan Materials
VMC
$36.3B
$57K ﹤0.01%
+200
New +$58.7K
UAL icon
763
CALL
United Airlines
UAL
$38.4B
$55.9K ﹤0.01%
500
+300
+150% +$30.3K
SPGI icon
764
S&P Global
SPGI
$126B
$53.3K ﹤0.01%
102
-2,717
-96% -$1.34M
PSA icon
765
CALL
Public Storage
PSA
$60.2B
$51.9K ﹤0.01%
200
+100
+100% +$28K
SYY icon
766
CALL
Sysco
SYY
$39.7B
$51.6K ﹤0.01%
700
+400
+133% +$30.4K
MCO icon
767
CALL
Moody's
MCO
$81.7B
$51.1K ﹤0.01%
+100
New +$48.8K
ITW icon
768
CALL
Illinois Tool Works
ITW
$81.4B
$49.3K ﹤0.01%
200
-300
-60% -$74.7K
PCG icon
769
CALL
PG&E
PCG
$47.8B
$48.2K ﹤0.01%
+3,000
New +$47.9K
ZTS icon
770
Zoetis
ZTS
$31.6B
$44.7K ﹤0.01%
+355
New +$46.3K
ORLY icon
771
O'Reilly Automotive
ORLY
$72.4B
$44.3K ﹤0.01%
+486
New +$47.5K
URI icon
772
United Rentals
URI
$71.1B
$42.9K ﹤0.01%
53
-501
-90% -$435K
PAYX icon
773
Paychex
PAYX
$40.4B
$41.6K ﹤0.01%
371
-2,482
-87% -$290K
CTSH icon
774
PUT
Cognizant
CTSH
$21.5B
$41.5K ﹤0.01%
+500
New +$37.4K
ADBE icon
775
Adobe
ADBE
$89.5B
$38.8K ﹤0.01%
111
-1,794
-94% -$610K
29 30
31
32 33

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X
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BIP
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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.