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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 | |
|---|---|---|---|---|---|---|
776
CALL
Sysco
SYY
$39.7B
| $24.7K | ﹤0.01% |
+300
| New | +$24K |
|
777
CALL
Seagate
STX
$193B
| $23.6K | ﹤0.01% |
+100
| New | +$17.1K |
|
778
Elevance Health
ELV
$81.9B
| $20.4K | ﹤0.01% |
63
-186
| -75% | -$57.8K |
|
779
CALL
Fidelity National Information Services
FIS
$21.5B
| $19.8K | ﹤0.01% |
+300
| New | +$21.9K |
|
780
CALL
United Airlines
UAL
$38.4B
| $19.3K | ﹤0.01% |
+200
| New | +$19.2K |
|
781
CALL
Raymond James Financial
RJF
$32.5B
| $17.3K | ﹤0.01% |
+100
| New | +$16.6K |
|
782
CALL
Infosys
INFY
$45B
| $16.3K | ﹤0.01% |
+1,000
| New | +$17.2K |
|
783
TeraWulf
WULF
$9.15B
| $13K | ﹤0.01% |
+1,136
| New | +$8.68K |
|
784
3M
MMM
$89B
| $12.1K | ﹤0.01% |
78
-358
| -82% | -$55.2K |
|
785
American Electric Power
AEP
$73.7B
| $11K | ﹤0.01% |
98
-633
| -87% | -$69.3K |
|
|
FISV
786
Fiserv Inc
FISV
$27.2B
| $10.4K | ﹤0.01% |
+81
| New | +$11.6K |
|
|
MRSH
787
Marsh
MRSH
$86.3B
| $5.24K | ﹤0.01% |
26
-777
| -97% | -$160K |
|
788
Hilton Worldwide
HLT
$74B
| $4.15K | ﹤0.01% |
+16
| New | +$4.33K |
|
789
Danaher
DHR
$135B
| $1.59K | ﹤0.01% |
8
-663
| -99% | -$132K |
|
790
Williams Companies
WMB
$90.5B
| $190 | ﹤0.01% |
3
-119
| -98% | -$6.98K |
|
791
ADT
ADT
$5.16B
| – | – |
-38,959
| Closed | -$330K |
|
792
Albemarle
ALB
$13.5B
| – | – |
-3,505
| Closed | -$220K |
|
793
Ardagh Metal Packaging
AMBP
$2.86B
| – | – |
-10,526
| Closed | -$45.1K |
|
794
A.O. Smith
AOS
$8.38B
| – | – |
-3,348
| Closed | -$220K |
|
795
Ares Management
ARES
$28.5B
| – | – |
-7,850
| Closed | -$1.36M |
|
796
ASML
ASML
$675B
| – | – |
-782
| Closed | -$615K |
|
|
BBUC
797
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.42B
| – | – |
-24,500
| Closed | -$1.04M |
|
798
Franklin Resources
BEN
$16.9B
| – | – |
-10,896
| Closed | -$260K |
|
799
Bright Horizons
BFAM
$3.99B
| – | – |
-5,278
| Closed | -$652K |
|
800
Bio-Rad Laboratories Class A
BIO
$8.42B
| – | – |
-8,287
| Closed | -$2M |
|
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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.