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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
(+87%)
Cap. Flow
+$8.06B
Cap. Flow
% of AUM
40.12%
Top 10 Holdings %
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.79B |
| 2 |
Strategy Inc
MSTR
|
+$651M |
| 3 |
UnitedHealth
UNH
|
+$291M |
| 4 |
Coinbase
COIN
|
+$170M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
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 | |
|---|---|---|---|---|---|---|
851
Manhattan Associates
MANH
$8.97B
| – | – |
-1,052
| Closed | -$208K |
|
852
CALL
Mobileye
MBLY
$2.03B
| – | – |
-50,000
| Closed | -$899K |
|
|
853
Mobileye
MBLY
$2.03B
| – | – |
-475
| Closed | -$8.54K |
|
854
iShares MSCI China ETF
MCHI
$6.04B
| – | – |
-99,400
| Closed | -$5.48M |
|
855
CALL
MongoDB
MDB
$24B
| – | – |
-8,500
| Closed | -$1.78M |
|
|
856
MongoDB
MDB
$24B
| – | – |
-342
| Closed | -$71.8K |
|
|
857
PUT
MongoDB
MDB
$24B
| – | – |
-8,500
| Closed | -$1.78M |
|
858
Altria Group
MO
$122B
| – | – |
-8,261
| Closed | -$523K |
|
859
Moderna
MRNA
$21.5B
| – | – |
-8,530
| Closed | -$235K |
|
|
860
PUT
Moderna
MRNA
$21.5B
| – | – |
-2,400
| Closed | -$66.2K |
|
|
NGD
861
DELISTED
New Gold Inc
NGD
| – | – |
-170,100
| Closed | -$1.15M |
|
862
Northrop Grumman
NOC
$77B
| – | – |
-121
| Closed | -$68.6K |
|
863
NXP Semiconductors
NXPI
$68B
| – | – |
-160
| Closed | -$36K |
|
864
CALL
Oneok
OKE
$58.7B
| – | – |
-700
| Closed | -$57.1K |
|
|
865
Oneok
OKE
$58.7B
| – | – |
-916
| Closed | -$74.8K |
|
|
866
PUT
Oneok
OKE
$58.7B
| – | – |
-1,300
| Closed | -$106K |
|
|
ORLA
867
Orla Mining
ORLA
$3.48B
| – | – |
-73,500
| Closed | -$1.01M |
|
868
O'Reilly Automotive
ORLY
$72.4B
| – | – |
-315
| Closed | -$31.7K |
|
869
Ovintiv
OVV
$17.5B
| – | – |
-5,416
| Closed | -$206K |
|
870
Pan American Silver
PAAS
$18.6B
| – | – |
-5,400
| Closed | -$209K |
|
871
Phillips 66
PSX
$82.9B
| – | – |
-502
| Closed | -$64.3K |
|
872
PTC Therapeutics
PTCT
$6.37B
| – | – |
-7,126
| Closed | -$348K |
|
873
Ferrari
RACE
$63.3B
| – | – |
-808
| Closed | -$336K |
|
|
RDUS
874
DELISTED
Radius Recycling
RDUS
| – | – |
-320,957
| Closed | -$9.53M |
|
875
CALL
RH
RH
$3.3B
| – | – |
-1,800
| Closed | -$340K |
|
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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.