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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
Cap. Flow
-$9.02B
Cap. Flow %
-83.79%
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$578M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$113M
3
IBIT icon
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
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.43B
2
NVDA icon
NVIDIA
NVDA
+$693M
3
MSTR icon
Strategy Inc
MSTR
+$473M
4
FBTC icon
Fidelity Wise Origin Bitcoin Fund
FBTC
+$241M
5
UBER icon
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
UTI icon
851
Universal Technical Institute
UTI
$2.08B
– –
-10,472
Closed -$269K
VAL icon
852
Valaris
VAL
$5.51B
– –
-7,733
Closed -$304K
VC icon
853
Visteon
VC
$2.77B
– –
-3,832
Closed -$297K
VFC icon
854
VF Corp
VFC
$6.68B
– –
-11,645
Closed -$181K
VIR icon
855
Vir Biotechnology
VIR
$1.47B
– –
-32,334
Closed -$210K
VOO icon
856
Vanguard S&P 500 ETF
VOO
$968B
– –
-235,000
Closed -$121M
W icon
857
Wayfair
W
$11.1B
– –
-1,150,000
Closed -$36.8M
W icon
858
PUT
Wayfair
W
$11.1B
– –
-1,150,000
Closed -$36.8M
WBA
859
DELISTED
Walgreens Boots Alliance
WBA
– –
-25,296
Closed -$283K
WDC icon
860
CALL
Western Digital
WDC
$179B
– –
-16,100
Closed -$651K
WDC icon
861
PUT
Western Digital
WDC
$179B
– –
-5,000
Closed -$202K
WFC icon
862
Wells Fargo
WFC
$261B
– –
-4,368
Closed -$315K
WING icon
863
Wingstop
WING
$3.68B
– –
-1,418
Closed -$320K
WVE icon
864
Wave Life Sciences
WVE
$1.12B
– –
-26,486
Closed -$214K
WYNN icon
865
Wynn Resorts
WYNN
$10.1B
– –
-3,689
Closed -$308K
XLP icon
866
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
– –
-130,900
Closed -$10.7M
XLP icon
867
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
– –
-62,386
Closed -$5.1M
XLP icon
868
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
– –
-130,900
Closed -$10.7M
XLU icon
869
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
– –
-275,000
Closed -$10.8M
XLU icon
870
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$24.1B
– –
-275,000
Closed -$10.8M
XLV icon
871
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
– –
-2,940
Closed -$429K
XME icon
872
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.05B
– –
-130,000
Closed -$7.28M
XME icon
873
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.05B
– –
-130,000
Closed -$7.28M
XNCR icon
874
Xencor
XNCR
$1.44B
– –
-19,856
Closed -$211K
YOU icon
875
Clear Secure
YOU
$5.26B
– –
-13,379
Closed -$347K
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 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.