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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
INFY icon
876
CALL
Infosys
INFY
$44.6B
– –
-1,000
Closed -$16.3K
IPG
877
DELISTED
Interpublic Group of Companies
IPG
– –
-766,433
Closed -$21.4M
ISRG icon
878
Intuitive Surgical
ISRG
$122B
– –
-2,514
Closed -$1.34M
IVE icon
879
iShares S&P 500 Value ETF
IVE
$48.9B
– –
-25,027
Closed -$5.17M
IWM icon
880
CALL
iShares Russell 2000 ETF
IWM
$81.4B
– –
-545,000
Closed -$132M
IWM icon
881
PUT
iShares Russell 2000 ETF
IWM
$81.4B
– –
-587,000
Closed -$142M
JD icon
882
CALL
JD.com
JD
$41B
– –
-200,000
Closed -$7M
KMI icon
883
Kinder Morgan
KMI
$72.7B
– –
-1,767
Closed -$47.7K
KSA icon
884
iShares MSCI Saudi Arabia ETF
KSA
$648M
– –
-13,383
Closed -$543K
LEN icon
885
Lennar Class A
LEN
$20.3B
– –
-9,137
Closed -$1.15M
LQD icon
886
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
– –
-4,000,000
Closed -$446M
LRCX icon
887
Lam Research
LRCX
$390B
– –
-1,678
Closed -$261K
M icon
888
CALL
Macy's
M
$6.16B
– –
-24,200
Closed -$434K
MELI icon
889
Mercado Libre
MELI
$92.5B
– –
-182
Closed -$425K
MELI icon
890
PUT
Mercado Libre
MELI
$92.5B
– –
-400
Closed -$935K
MLNK
891
DELISTED
MeridianLink
MLNK
– –
-346,952
Closed -$6.91M
MRSH
892
CALL
Marsh
MRSH
$85.3B
– –
-1,000
Closed -$202K
MRSH
893
Marsh
MRSH
$85.3B
– –
-26
Closed -$5.24K
MRSH
894
PUT
Marsh
MRSH
$85.3B
– –
-600
Closed -$121K
MPC icon
895
Marathon Petroleum
MPC
$90.9B
– –
-1,116
Closed -$209K
MRC
896
DELISTED
MRC Global
MRC
– –
-317,165
Closed -$4.57M
MRK icon
897
Merck
MRK
$324B
– –
-4,094
Closed -$384K
NEE icon
898
NextEra Energy
NEE
$187B
– –
-2,262
Closed -$187K
NTNX icon
899
Nutanix
NTNX
$14.7B
– –
-19,800
Closed -$1.47M
NU icon
900
Nu Holdings
NU
$68.7B
– –
-99,800
Closed -$1.6M
34 35
36
37 38

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.