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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
ASHR icon
76
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$19.8M 0.1%
+600,000
New +$18M
COOP
77
DELISTED
Mr. Cooper
COOP
$19.6M 0.1%
+93,068
New +$17.1M
WNS
78
DELISTED
WNS Holdings
WNS
$19M 0.09%
+248,926
New +$18.6M
EEM icon
79
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
$18.7M 0.09%
+350,000
New +$17.6M
PLTR icon
80
PUT
Palantir
PLTR
$295B
$17.7M 0.09%
97,300
+62,700
+181% +$10.2M
NFLX icon
81
PUT
Netflix
NFLX
$292B
$17.6M 0.09%
147,000
+136,000
+1,236% +$16.6M
ON icon
82
ON Semiconductor
ON
$33.8B
$17.3M 0.09%
+350,000
New +$18.4M
ON icon
83
PUT
ON Semiconductor
ON
$33.8B
$17.3M 0.09%
+350,000
New +$18.4M
ABBV icon
84
PUT
AbbVie
ABBV
$458B
$17.2M 0.09%
74,100
+70,200
+1,800% +$14.3M
AMD icon
85
PUT
Advanced Micro Devices
AMD
$851B
$16.6M 0.08%
102,700
+77,700
+311% +$12.5M
MSFT icon
86
CALL
Microsoft
MSFT
$2.84T
$16.2M 0.08%
31,200
+14,200
+84% +$7.24M
INFA
87
DELISTED
Informatica
INFA
$15.8M 0.08%
+636,078
New +$15.7M
AMZN icon
88
Amazon
AMZN
$2.5T
$15.7M 0.08%
+71,348
New +$16.1M
NVDA icon
89
NVIDIA
NVDA
$5.01T
$13.9M 0.07%
+74,673
New +$13M
AVGO icon
90
CALL
Broadcom
AVGO
$1.82T
$13.9M 0.07%
42,200
-31,300
-43% -$9.6M
MSFT icon
91
Microsoft
MSFT
$2.84T
$13.2M 0.07%
+25,577
New +$13M
TSM icon
92
CALL
TSMC
TSM
$2.09T
$12.8M 0.06%
45,800
+13,400
+41% +$3.28M
GLD icon
93
SPDR Gold Trust
GLD
$131B
$12.6M 0.06%
+35,427
New +$11.3M
AMP icon
94
PUT
Ameriprise Financial
AMP
$46.8B
$12.4M 0.06%
+25,200
New +$12.9M
AMP icon
95
Ameriprise Financial
AMP
$46.8B
$12.3M 0.06%
+25,100
New +$12.9M
AAPL icon
96
CALL
Apple
AAPL
$4.89T
$12.3M 0.06%
48,200
+28,800
+148% +$6.51M
LLY icon
97
PUT
Eli Lilly
LLY
$1.07T
$12.1M 0.06%
15,900
+14,000
+737% +$10.4M
V icon
98
PUT
Visa
V
$677B
$11.4M 0.06%
33,400
+29,300
+715% +$10.1M
BFH icon
99
Bread Financial
BFH
$4.21B
$11.2M 0.06%
+200,000
New +$12.3M
BFH icon
100
PUT
Bread Financial
BFH
$4.21B
$11.2M 0.06%
+200,000
New +$12.3M
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 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.