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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
WHR icon
901
Whirlpool
WHR
$2.42B
– –
-11,315
Closed -$1.15M
WLK icon
902
Westlake Corp
WLK
$9.46B
– –
-3,167
Closed -$240K
WPM icon
903
Wheaton Precious Metals
WPM
$50.6B
– –
-2,800
Closed -$343K
XLB icon
904
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
– –
-130,000
Closed -$5.71M
XLB icon
905
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
– –
-29,920
Closed -$1.31M
XLE icon
906
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
– –
-112,544
Closed -$4.93M
XLE icon
907
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
– –
-100,000
Closed -$4.24M
XLC icon
908
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
– –
-32,500
Closed -$3.53M
XLC icon
909
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
– –
-32,500
Closed -$3.53M
XLF icon
910
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
– –
-50,164
Closed -$2.66M
XLF icon
911
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
– –
-100,000
Closed -$5.24M
XLI icon
912
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
– –
-16,000
Closed -$2.36M
XLI icon
913
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
– –
-16,000
Closed -$2.36M
YUMC icon
914
Yum China
YUMC
$14.9B
– –
-3,924
Closed -$175K
YUMC icon
915
PUT
Yum China
YUMC
$14.9B
– –
-50,000
Closed -$2.24M
XYZ
916
Block Inc
XYZ
$45.9B
– –
-9,215
Closed -$626K
GLXY
917
Galaxy Digital Inc
GLXY
$4.34B
– –
-306,615
Closed -$7.43M
33 34 35 36
37

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.