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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
XLE icon
76
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$4.24M 0.04%
+100,000
New +$4.16M
XLE icon
77
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$4.24M 0.04%
+100,000
New +$4.16M
FLUT icon
78
Flutter Entertainment
FLUT
$17.6B
$4.13M 0.04%
14,468
+575
+4% +$141K
SLB icon
79
CALL
SLB Ltd
SLB
$77.8B
$4.11M 0.04%
121,700
+1,700
+1% +$59K
CNA icon
80
CNA Financial
CNA
$14.5B
$4.09M 0.04%
87,938
+68,032
+342% +$3.23M
MSTR icon
81
CALL
Strategy Inc
MSTR
$33.5B
$4.04M 0.04%
+10,000
New +$3.64M
MSTR icon
82
PUT
Strategy Inc
MSTR
$33.5B
$4.04M 0.04%
10,000
-1,290,000
-99% -$470M
PFE icon
83
PUT
Pfizer
PFE
$140B
$4.04M 0.04%
166,500
-9,600
-5% -$224K
AAPL icon
84
CALL
Apple
AAPL
$4.89T
$3.98M 0.04%
19,400
-28,200
-59% -$5.69M
ZM icon
85
CALL
Zoom
ZM
$25.8B
$3.88M 0.04%
+49,800
New +$3.85M
MRVL icon
86
PUT
Marvell Technology
MRVL
$174B
$3.88M 0.04%
50,100
-177,300
-78% -$11.1M
FCX icon
87
PUT
Freeport-McMoran
FCX
$90B
$3.78M 0.04%
87,300
+67,300
+337% +$2.56M
CMCSA icon
88
CALL
Comcast
CMCSA
$79.1B
$3.74M 0.03%
104,800
-3,500
-3% -$121K
AMD icon
89
PUT
Advanced Micro Devices
AMD
$851B
$3.55M 0.03%
25,000
-1,171,300
-98% -$128M
AAPL icon
90
Apple
AAPL
$4.89T
$3.54M 0.03%
17,233
-5,444
-24% -$1.1M
XLC icon
91
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
$3.53M 0.03%
+32,500
New +$3.2M
XLC icon
92
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
$3.53M 0.03%
+32,500
New +$3.2M
TRI icon
93
Thomson Reuters
TRI
$39.4B
$3.44M 0.03%
13,241
-21,696
-62% -$4.13M
TGI
94
DELISTED
Triumph Group
TGI
$3.41M 0.03%
+132,353
New +$3.37M
SLV icon
95
iShares Silver Trust
SLV
$28.1B
$3.16M 0.03%
96,197
+87,688
+1,031% +$2.68M
AMD icon
96
CALL
Advanced Micro Devices
AMD
$851B
$3.14M 0.03%
22,100
-27,100
-55% -$2.95M
URBN icon
97
Urban Outfitters
URBN
$5.99B
$3.07M 0.03%
+42,258
New +$2.54M
BABA icon
98
Alibaba
BABA
$269B
$2.99M 0.03%
26,402
+7,086
+37% +$839K
UNH icon
99
CALL
UnitedHealth
UNH
$382B
$2.93M 0.03%
9,400
+8,300
+755% +$3.17M
IBN icon
100
ICICI Bank
IBN
$106B
$2.82M 0.03%
83,795
+54,314
+184% +$1.8M
2 3
4
5 6

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.