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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
(+87%)
Cap. Flow
+$8.06B
Cap. Flow
% of AUM
40.12%
Top 10 Holdings %
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.79B |
| 2 |
Strategy Inc
MSTR
|
+$651M |
| 3 |
UnitedHealth
UNH
|
+$291M |
| 4 |
Coinbase
COIN
|
+$170M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
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 | |
|---|---|---|---|---|---|---|
101
PUT
Home Depot
HD
$332B
| $10.7M | 0.05% |
26,300
+22,100
| +526% | +$8.69M |
|
102
PUT
Micron Technology
MU
$1.04T
| $10.6M | 0.05% |
63,100
+60,100
| +2,003% | +$7.69M |
|
103
CALL
Intel
INTC
$466B
| $10.3M | 0.05% |
307,600
+302,600
| +6,052% | +$7.33M |
|
104
PUT
Chevron
CVX
$388B
| $10.2M | 0.05% |
65,900
+52,000
| +374% | +$8.05M |
|
105
Broadcom
AVGO
$1.82T
| $10.2M | 0.05% |
+30,785
| New | +$9.44M |
|
106
PUT
Walmart Inc
WMT
$871B
| $10.1M | 0.05% |
98,100
+86,600
| +753% | +$8.62M |
|
107
PUT
Mastercard
MA
$477B
| $10M | 0.05% |
17,600
+15,500
| +738% | +$8.9M |
|
108
CALL
Tesla
TSLA
$1.24T
| $10M | 0.05% |
22,500
+18,600
| +477% | +$6.45M |
|
109
PUT
ExxonMobil
XOM
$651B
| $9.87M | 0.05% |
87,500
+76,900
| +725% | +$8.55M |
|
110
PUT
Oracle
ORCL
$331B
| $9.48M | 0.05% |
33,700
+28,700
| +574% | +$7.31M |
|
111
Alphabet (Google) Class A
GOOGL
$3.91T
| $9.08M | 0.05% |
37,332
+22,783
| +157% | +$4.77M |
|
112
News Corp Class A
NWSA
$14.5B
| $8.97M | 0.04% |
292,082
-17,072
| -6% | -$506K |
|
113
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $8.94M | 0.04% |
100,000
+75,000
| +300% | +$6.56M |
|
114
PUT
Johnson & Johnson
JNJ
$635B
| $8.83M | 0.04% |
47,600
+42,300
| +798% | +$7.25M |
|
115
CRH
CRH
$66.7B
| $8.38M | 0.04% |
69,876
+9,203
| +15% | +$972K |
|
116
CALL
Meta Platforms (Facebook)
META
$1.51T
| $8.15M | 0.04% |
11,100
+8,500
| +327% | +$6.33M |
|
|
117
CALL
Coinbase
COIN
$41.7B
| $8.13M | 0.04% |
+24,100
| New | +$8.17M |
|
118
PUT
Procter & Gamble
PG
$343B
| $7.96M | 0.04% |
51,800
+45,800
| +763% | +$7.15M |
|
119
Brookfield Asset Management
BAM
$74B
| $7.84M | 0.04% |
126,868
-32,740
| -21% | -$1.95M |
|
120
PUT
Bank of America
BAC
$435B
| $7.84M | 0.04% |
151,900
+113,700
| +298% | +$5.55M |
|
121
CALL
iShares MSCI Brazil ETF
EWZ
$9.05B
| $7.75M | 0.04% |
+250,000
| New | +$7.16M |
|
|
122
PUT
iShares MSCI Brazil ETF
EWZ
$9.05B
| $7.75M | 0.04% |
+250,000
| New | +$7.16M |
|
123
CALL
VanEck Gold Miners ETF
GDX
$23B
| $7.64M | 0.04% |
100,000
+50,000
| +100% | +$3.01M |
|
|
124
PUT
VanEck Gold Miners ETF
GDX
$23B
| $7.64M | 0.04% |
100,000
+50,000
| +100% | +$3.01M |
|
125
PUT
TSMC
TSM
$2.09T
| $7.51M | 0.04% |
+26,900
| New | +$6.58M |
|
Similar funds
X
BIP
FGP
TI
SSA
SAM
BBVA
IFP
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.