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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 | |
|---|---|---|---|---|---|---|
|
SCHW
826
Charles Schwab
SCHW
$177B
| – | – |
-1,395
| Closed | -$117K |
|
827
Sweetgreen
SG
$713M
| – | – |
-8,473
| Closed | -$212K |
|
|
SGMO
828
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| – | – |
-15,690
| Closed | -$10.3K |
|
829
Shake Shack
SHAK
$2.3B
| – | – |
-2,454
| Closed | -$216K |
|
830
PUT
Shopify
SHOP
$148B
| – | – |
-10,000
| Closed | -$955K |
|
831
SiriusXM
SIRI
$10B
| – | – |
-12,869
| Closed | -$290K |
|
832
CALL
Snowflake
SNOW
$92.9B
| – | – |
-2,600
| Closed | -$380K |
|
|
833
Snowflake
SNOW
$92.9B
| – | – |
-4,293
| Closed | -$627K |
|
|
834
PUT
Snowflake
SNOW
$92.9B
| – | – |
-10,000
| Closed | -$1.46M |
|
835
Synopsys
SNPS
$71.5B
| – | – |
-188
| Closed | -$87.6K |
|
836
Sonos
SONO
$1.75B
| – | – |
-19,839
| Closed | -$212K |
|
837
ARS Pharmaceuticals
SPRY
$590M
| – | – |
-20,791
| Closed | -$262K |
|
|
838
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| – | – |
-269,600
| Closed | -$151M |
|
839
Neuronetics
STIM
$120M
| – | – |
-11,829
| Closed | -$43.5K |
|
840
Sterling Infrastructure
STRL
$20.3B
| – | – |
-2,567
| Closed | -$291K |
|
841
Travelers Companies
TRV
$80.8B
| – | – |
-1,394
| Closed | -$369K |
|
|
842
PUT
Travelers Companies
TRV
$80.8B
| – | – |
-400
| Closed | -$106K |
|
843
TSMC
TSM
$2.09T
| – | – |
-5,964
| Closed | -$1.1M |
|
|
844
PUT
TSMC
TSM
$2.09T
| – | – |
-93,800
| Closed | -$15.6M |
|
845
Trane Technologies
TT
$106B
| – | – |
-241
| Closed | -$95.1K |
|
846
United States Antimony
UAMY
$766M
| – | – |
-22,189
| Closed | -$48.8K |
|
|
847
Uber
UBER
$134B
| – | – |
-2,052,204
| Closed | -$169M |
|
848
UGI
UGI
$8B
| – | – |
-9,486
| Closed | -$314K |
|
849
Frontier Group Holdings
ULCC
$1.34B
| – | – |
-31,858
| Closed | -$138K |
|
850
PUT
UnitedHealth
UNH
$382B
| – | – |
-3,500
| Closed | -$1.83M |
|
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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.