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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
(-40%)
Cap. Flow
-$9.02B
Cap. Flow
% of AUM
-83.79%
Top 10 Holdings %
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$578M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$113M |
| 3 |
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 |
iShares Core S&P 500 ETF
IVV
|
+$4.43B |
| 2 |
NVIDIA
NVDA
|
+$693M |
| 3 |
Strategy Inc
MSTR
|
+$473M |
| 4 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$241M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
101
CALL
Carnival Corporation Ltd
CCL
$36.1B
| $2.81M | 0.03% |
+100,000
| New | +$2.14M |
|
|
102
PUT
Carnival Corporation Ltd
CCL
$36.1B
| $2.81M | 0.03% |
+100,000
| New | +$2.14M |
|
103
PUT
Robinhood
HOOD
$85.2B
| $2.81M | 0.03% |
+30,000
| New | +$1.78M |
|
104
Pfizer
PFE
$140B
| $2.8M | 0.03% |
115,391
+34,670
| +43% | +$809K |
|
105
VanEck Gold Miners ETF
GDX
$23B
| $2.78M | 0.03% |
53,376
-93,504
| -64% | -$4.64M |
|
106
Liberty Media Series A
FWONA
$22.3B
| $2.69M | 0.03% |
28,284
+12,671
| +81% | +$1.07M |
|
107
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
| $2.63M | 0.02% |
+50,164
| New | +$2.48M |
|
108
CALL
Snap
SNAP
$7.32B
| $2.61M | 0.02% |
300,000
| – | – |
|
|
109
CALL
VanEck Gold Miners ETF
GDX
$23B
| $2.6M | 0.02% |
50,000
-50,000
| -50% | -$2.48M |
|
|
110
PUT
VanEck Gold Miners ETF
GDX
$23B
| $2.6M | 0.02% |
50,000
-50,000
| -50% | -$2.48M |
|
111
Alphabet (Google) Class A
GOOGL
$3.91T
| $2.56M | 0.02% |
14,549
-30,866
| -68% | -$5.05M |
|
112
CALL
Amazon
AMZN
$2.5T
| $2.54M | 0.02% |
11,600
-2,200
| -16% | -$435K |
|
113
CALL
Roku
ROKU
$21.1B
| $2.48M | 0.02% |
+28,200
| New | +$1.97M |
|
114
PUT
Qualcomm
QCOM
$176B
| $2.45M | 0.02% |
15,400
-101,700
| -87% | -$15M |
|
115
PUT
American Tower
AMT
$77.7B
| $2.39M | 0.02% |
10,800
+10,000
| +1,250% | +$2.16M |
|
116
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $2.36M | 0.02% |
+16,000
| New | +$2.18M |
|
|
117
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
| $2.36M | 0.02% |
+16,000
| New | +$2.18M |
|
118
Baidu
BIDU
$35.8B
| $2.33M | 0.02% |
27,158
-93,842
| -78% | -$8.1M |
|
|
119
CALL
American Tower
AMT
$77.7B
| $2.32M | 0.02% |
+10,500
| New | +$2.27M |
|
|
120
CALL
Alphabet (Google) Class A
GOOGL
$3.91T
| $2.31M | 0.02% |
13,100
-6,000
| -31% | -$982K |
|
121
Lennar Class A
LEN
$20.4B
| $2.29M | 0.02% |
20,697
-4,078
| -16% | -$442K |
|
122
ASE Group
ASX
$80.8B
| $2.24M | 0.02% |
216,529
-2,314,191
| -91% | -$21.6M |
|
123
PUT
Yum China
YUMC
$14.9B
| $2.24M | 0.02% |
+50,000
| New | +$2.24M |
|
124
PUT
American International
AIG
$41.9B
| $2.23M | 0.02% |
+26,100
| New | +$2.17M |
|
125
PUT
Salesforce
CRM
$134B
| $2.21M | 0.02% |
8,100
-1,000
| -11% | -$267K |
|
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IFP
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.