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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
+0.74%
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
$20B
AUM Growth
-$124M
Cap. Flow
+$329M
Cap. Flow %
1.65%
Top 10 Hldgs %
68.14%
Holding
948
New
155
Increased
289
Reduced
312
Closed
138

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.4B
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.76B
3
IBM icon
IBM
IBM
+$204M
4
BABA icon
Alibaba
BABA
+$169M
5
UBER icon
Uber
UBER
+$111M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$6.67B
2
MSTR icon
Strategy Inc
MSTR
+$375M
3
UNH icon
UnitedHealth
UNH
+$326M
4
QQQ icon
Invesco QQQ Trust
QQQ
+$279M
5
AMAT icon
Applied Materials
AMAT
+$122M

Sector Composition

Rank Sector Weight
1 Technology 4.56%
2 Consumer Discretionary 2.07%
3 Communication Services 2.06%
4 Financials 1.46%
5 Industrials 0.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BFH icon
826
Bread Financial
BFH
$4.14B
– –
-200,000
Closed -$11.2M
BFH icon
827
PUT
Bread Financial
BFH
$4.14B
– –
-200,000
Closed -$11.2M
BIDU icon
828
Baidu
BIDU
$36.2B
– –
-350,000
Closed -$46.1M
BIDU icon
829
PUT
Baidu
BIDU
$36.2B
– –
-350,000
Closed -$46.1M
BKNG icon
830
Booking.com
BKNG
$138B
– –
-5,100
Closed -$1.05M
BMY icon
831
CALL
Bristol-Myers Squibb
BMY
$127B
– –
-4,000
Closed -$180K
CAG icon
832
CALL
Conagra Brands
CAG
$7.04B
– –
-11,700
Closed -$214K
CAG icon
833
PUT
Conagra Brands
CAG
$7.04B
– –
-11,700
Closed -$214K
CBZ icon
834
CBIZ
CBZ
$2.25B
– –
-23,744
Closed -$1.26M
CHWY icon
835
CALL
Chewy
CHWY
$8.6B
– –
-18,900
Closed -$765K
CIEN icon
836
PUT
Ciena
CIEN
$55.8B
– –
-6,200
Closed -$903K
CIO
837
DELISTED
City Office REIT
CIO
– –
-1,012,582
Closed -$7.05M
COF icon
838
Capital One
COF
$124B
– –
-670
Closed -$149K
COOP
839
DELISTED
Mr. Cooper
COOP
– –
-93,068
Closed -$19.6M
COP icon
840
ConocoPhillips
COP
$146B
– –
-5,251
Closed -$475K
COPX icon
841
Global X Copper Miners ETF NEW
COPX
$7.16B
– –
-10,902
Closed -$652K
CRH icon
842
CRH
CRH
$66.9B
– –
-69,876
Closed -$8.38M
CRWD icon
843
CrowdStrike
CRWD
$186B
– –
-404,260
Closed -$51.5M
CVS icon
844
CVS Health
CVS
$137B
– –
-12,436
Closed -$980K
CWEN icon
845
Clearway Energy Class C
CWEN
$5.14B
– –
-164,468
Closed -$4.65M
DHR icon
846
Danaher
DHR
$135B
– –
-8
Closed -$1.76K
DIS icon
847
Walt Disney
DIS
$166B
– –
-1,930
Closed -$213K
DKNG icon
848
CALL
DraftKings
DKNG
$11.4B
– –
-50,000
Closed -$1.87M
DKNG icon
849
PUT
DraftKings
DKNG
$11.4B
– –
-50,000
Closed -$1.87M
ELV icon
850
Elevance Health
ELV
$82.1B
– –
-63
Closed -$21.3K
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 Q4 2025 Portfolio in Review

As of Q4 2025, Capula Management held 948 positions worth $20B, down 0.62% from $20.1B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Capula Management's Q4 2025 filing shows 155 new, 289 increased, 312 reduced and 138 closed positions. Its largest new stake was Alphabet (Google) Class C: 160,000 shares worth $50.2M. The largest sale was iShares Core S&P 500 ETF, an estimated $6.67B.

By sector, the portfolio is most concentrated in Technology at 4.6% of assets, down from 6.3% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Capula Management's largest Q4 2025 buy was Alphabet (Google) Class C: 160,000 shares worth $50.2M.
  • Capula Management added most to Vanguard S&P 500 ETF in Q4 2025, an estimated $7.4B increase.
  • Capula Management's biggest Q4 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $6.67B.
  • Capula Management fully exited UnitedHealth in Q4 2025, selling an estimated $326M.
  • Capula Management's ten largest holdings make up 68% of its $20B portfolio in Q4 2025.
  • Capula Management opened 155 new positions and closed 138 in Q4 2025.
  • Capula Management's portfolio value fell 0.62% quarter-over-quarter to $20B.

Based on Capula Management's 13F filing for Q4 2025, filed 13 Feb 2026.