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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
FSM icon
826
Fortuna Silver Mines
FSM
$2.59B
– –
-123,200
Closed -$1.1M
FTNT icon
827
CALL
Fortinet
FTNT
$112B
– –
-700
Closed -$74K
FTNT icon
828
Fortinet
FTNT
$112B
– –
-237
Closed -$25.1K
FTNT icon
829
PUT
Fortinet
FTNT
$112B
– –
-1,300
Closed -$137K
FUTU icon
830
Futu Holdings
FUTU
$13.9B
– –
-2,750
Closed -$340K
FWONA icon
831
Liberty Media Series A
FWONA
$22.3B
– –
-28,284
Closed -$2.69M
FXI icon
832
PUT
iShares China Large-Cap ETF
FXI
$4.31B
– –
-500,000
Closed -$18.4M
GDS icon
833
GDS Holdings
GDS
$6.34B
– –
-20,000
Closed -$611K
GM icon
834
General Motors
GM
$74.7B
– –
-639
Closed -$35.6K
HDB icon
835
HDFC Bank
HDB
$119B
– –
-11,148
Closed -$427K
HEI icon
836
HEICO Corp
HEI
$48.9B
– –
-1,900
Closed -$623K
HST icon
837
Host Hotels & Resorts
HST
$16.8B
– –
-12,958
Closed -$199K
IAG icon
838
IAMGOLD
IAG
$8.47B
– –
-14,300
Closed -$143K
INTC icon
839
Intel
INTC
$466B
– –
-2,110
Closed -$51.1K
IWM icon
840
iShares Russell 2000 ETF
IWM
$80.9B
– –
-150
Closed -$34.4K
K
841
DELISTED
Kellanova
K
– –
-410,000
Closed -$32.6M
KMX icon
842
CALL
CarMax
KMX
$8.27B
– –
-2,500
Closed -$168K
KMX icon
843
CarMax
KMX
$8.27B
– –
-3,439
Closed -$231K
KMX icon
844
PUT
CarMax
KMX
$8.27B
– –
-2,500
Closed -$168K
KRE icon
845
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
– –
-147,712
Closed -$9.31M
KRE icon
846
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
– –
-1,216,600
Closed -$72.3M
LEVI icon
847
Levi Strauss
LEVI
$9.44B
– –
-34,380
Closed -$636K
LMT icon
848
Lockheed Martin
LMT
$134B
– –
-243
Closed -$110K
LPLA icon
849
LPL Financial
LPLA
$26.3B
– –
-1,600
Closed -$600K
MAG
850
DELISTED
MAG Silver
MAG
– –
-37,800
Closed -$1.09M
32 33
34
35 36

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.