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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
Cap. Flow
+$8.06B
Cap. Flow %
40.12%
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.79B
2
MSTR icon
Strategy Inc
MSTR
+$651M
3
UNH icon
UnitedHealth
UNH
+$291M
4
COIN icon
Coinbase
COIN
+$170M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$151M

Top Sells

Rank Stock Value
1
SPY icon
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
APP icon
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
BMBL icon
801
CALL
Bumble
BMBL
$367M
– –
-10,000
Closed -$65.9K
BMBL icon
802
PUT
Bumble
BMBL
$367M
– –
-10,000
Closed -$65.9K
BPMC
803
DELISTED
Blueprint Medicines
BPMC
– –
-156,114
Closed -$20M
BRDG
804
DELISTED
Bridge Investment Group
BRDG
– –
-734,524
Closed -$7.35M
CB icon
805
Chubb
CB
$140B
– –
-361
Closed -$99.4K
CDE icon
806
Coeur Mining
CDE
$15.6B
– –
-31,939
Closed -$283K
CDNS icon
807
Cadence Design Systems
CDNS
$90B
– –
-15
Closed -$5.16K
CGAU
808
Centerra Gold
CGAU
$3.22B
– –
-19,000
Closed -$186K
CMG icon
809
CALL
Chipotle Mexican Grill
CMG
$40.8B
– –
-1,700
Closed -$95.5K
CMG icon
810
Chipotle Mexican Grill
CMG
$40.8B
– –
-122
Closed -$6.85K
CMG icon
811
PUT
Chipotle Mexican Grill
CMG
$40.8B
– –
-3,500
Closed -$197K
CVNA icon
812
PUT
Carvana
CVNA
$43.3B
– –
-25,000
Closed -$1.68M
CWAN
813
DELISTED
Clearwater Analytics
CWAN
– –
-30,642
Closed -$672K
CWST icon
814
Casella Waste Systems
CWST
$5.69B
– –
-2,230
Closed -$257K
D icon
815
Dominion Energy
D
$62.5B
– –
-1,304
Closed -$77.5K
DDOG icon
816
Datadog
DDOG
$87.9B
– –
-13,900
Closed -$1.87M
DDOG icon
817
PUT
Datadog
DDOG
$87.9B
– –
-9,300
Closed -$1.25M
EL icon
818
Estee Lauder
EL
$29B
– –
-9,415
Closed -$761K
EL icon
819
PUT
Estee Lauder
EL
$29B
– –
-60,000
Closed -$4.85M
ELAN icon
820
Elanco Animal Health
ELAN
$12.4B
– –
-35,448
Closed -$506K
EQX icon
821
Equinox Gold
EQX
$7.32B
– –
-93,870
Closed -$738K
ESGR
822
DELISTED
Enstar Group
ESGR
– –
-35,657
Closed -$12M
FERG icon
823
Ferguson
FERG
$44.7B
– –
-2,700
Closed -$588K
FL
824
DELISTED
Foot Locker
FL
– –
-83,000
Closed -$2.03M
FNV icon
825
Franco-Nevada
FNV
$41.4B
– –
-1,200
Closed -$268K
31 32
33
34 35

Similar funds

X
Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return
BIP
Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return
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 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.