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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 | |
|---|---|---|---|---|---|---|
801
Patria Investments
PAX
$1.72B
| – | – |
-23,817
| Closed | -$269K |
|
802
Pitney Bowes
PBI
$2.42B
| – | – |
-34,034
| Closed | -$308K |
|
803
CALL
Pinduoduo
PDD
$118B
| – | – |
-500
| Closed | -$59.2K |
|
|
804
Pinduoduo
PDD
$118B
| – | – |
-12,841
| Closed | -$1.52M |
|
|
805
PUT
Pinduoduo
PDD
$118B
| – | – |
-40,500
| Closed | -$4.79M |
|
806
Pegasystems
PEGA
$4.41B
| – | – |
-79,344
| Closed | -$2.76M |
|
807
Parker-Hannifin
PH
$125B
| – | – |
-351
| Closed | -$222K |
|
808
Pultegroup
PHM
$24.5B
| – | – |
-2,516
| Closed | -$259K |
|
809
Park Hotels & Resorts
PK
$2.97B
| – | – |
-22,729
| Closed | -$243K |
|
810
Plug Power
PLUG
$2.92B
| – | – |
-13,284
| Closed | -$17.9K |
|
811
Protalix BioTherapeutics
PLX
$191M
| – | – |
-15,690
| Closed | -$40.2K |
|
|
PLYA
812
DELISTED
Playa Hotels & Resorts
PLYA
| – | – |
-512,193
| Closed | -$6.83M |
|
813
Protagonist Therapeutics
PTGX
$8.75B
| – | – |
-7,684
| Closed | -$372K |
|
814
Portillo's
PTLO
$315M
| – | – |
-19,958
| Closed | -$237K |
|
815
iShares MSCI Qatar ETF
QAT
$64.9M
| – | – |
-13,904
| Closed | -$248K |
|
816
Rocket Pharmaceuticals
RCKT
$348M
| – | – |
-31,654
| Closed | -$211K |
|
817
Arcus Biosciences
RCUS
$3.57B
| – | – |
-29,053
| Closed | -$228K |
|
818
PUT
RH
RH
$3.3B
| – | – |
-1,800
| Closed | -$422K |
|
819
Rio Tinto
RIO
$148B
| – | – |
-4,227
| Closed | -$254K |
|
820
Rithm Capital
RITM
$5.09B
| – | – |
-24,973
| Closed | -$286K |
|
821
Renasant Corp
RNST
$4.01B
| – | – |
-26,596
| Closed | -$902K |
|
822
Roivant Sciences
ROIV
$25.2B
| – | – |
-27,574
| Closed | -$278K |
|
823
Royalty Pharma
RPRX
$26.1B
| – | – |
-89,350
| Closed | -$2.78M |
|
824
Ryanair
RYAAY
$29.5B
| – | – |
-85,315
| Closed | -$3.61M |
|
|
ECHO
825
EchoStar
ECHO
$25.5B
| – | – |
-9,775
| Closed | -$250K |
|
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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.