We are live on ! Find out more
CM

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
OIH icon
901
CALL
VanEck Oil Services ETF
OIH
$2.05B
– –
-18,000
Closed -$4.68M
OIH icon
902
PUT
VanEck Oil Services ETF
OIH
$2.05B
– –
-22,000
Closed -$5.72M
ON icon
903
ON Semiconductor
ON
$33.7B
– –
-350,000
Closed -$17.3M
ON icon
904
PUT
ON Semiconductor
ON
$33.7B
– –
-350,000
Closed -$17.3M
PCAR icon
905
PACCAR
PCAR
$70B
– –
-327
Closed -$33.5K
PRO
906
DELISTED
PROS Holdings
PRO
– –
-199,059
Closed -$4.56M
PTON icon
907
CALL
Peloton Interactive
PTON
$2.63B
– –
-10,000
Closed -$90K
REGN icon
908
Regeneron Pharmaceuticals
REGN
$69.1B
– –
-181
Closed -$123K
ROP icon
909
CALL
Roper Technologies
ROP
$36.4B
– –
-300
Closed -$150K
ROP icon
910
Roper Technologies
ROP
$36.4B
– –
-222
Closed -$111K
ROP icon
911
PUT
Roper Technologies
ROP
$36.4B
– –
-300
Closed -$150K
RRR icon
912
Red Rock Resorts
RRR
$3.72B
– –
-4,868
Closed -$297K
RTX icon
913
RTX Corp
RTX
$286B
– –
-834
Closed -$145K
SCHW
914
Charles Schwab
SCHW
$177B
– –
-4,806
Closed -$456K
SDY icon
915
State Street SPDR S&P Dividend ETF
SDY
$21.8B
– –
-3,393
Closed -$475K
SHCO
916
DELISTED
Soho House & Co
SHCO
– –
-13,636
Closed -$121K
SHOP icon
917
CALL
Shopify
SHOP
$148B
– –
-3,800
Closed -$565K
SHOP icon
918
PUT
Shopify
SHOP
$148B
– –
-8,000
Closed -$1.19M
STX icon
919
CALL
Seagate
STX
$193B
– –
-100
Closed -$23.6K
STX icon
920
Seagate
STX
$193B
– –
-1,786
Closed -$422K
STX icon
921
PUT
Seagate
STX
$193B
– –
-200
Closed -$47.2K
STZ icon
922
Constellation Brands
STZ
$22.2B
– –
-150,151
Closed -$20.2M
STZ icon
923
PUT
Constellation Brands
STZ
$22.2B
– –
-150,000
Closed -$20.2M
TJX icon
924
TJX Companies
TJX
$171B
– –
-1,214
Closed -$180K
TLT icon
925
iShares 20+ Year Treasury Bond ETF
TLT
$42.2B
– –
-6,181
Closed -$553K
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.