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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
+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
SNOW icon
101
Snowflake
SNOW
$91.9B
$12.7M 0.06%
+57,848
New +$14.1M
SMH icon
102
VanEck Semiconductor ETF
SMH
$69.8B
$12.2M 0.06%
33,844
-293,531
-90% -$103M
PLTR icon
103
PUT
Palantir
PLTR
$296B
$12.1M 0.06%
68,200
-29,100
-30% -$5.27M
WMT icon
104
PUT
Walmart Inc
WMT
$863B
$12M 0.06%
108,000
+9,900
+10% +$1.06M
NGD
105
DELISTED
New Gold Inc
NGD
$11.9M 0.06%
+1,369,532
New +$10.3M
NVDA icon
106
CALL
NVIDIA
NVDA
$5.06T
$11.5M 0.06%
61,500
-135,800
-69% -$25.3M
LOW icon
107
PUT
Lowe's Companies
LOW
$113B
$10.9M 0.05%
45,000
+34,000
+309% +$8.16M
AAPL icon
108
CALL
Apple
AAPL
$4.72T
$10.7M 0.05%
39,500
-8,700
-18% -$2.34M
MRVL icon
109
Marvell Technology
MRVL
$188B
$10.6M 0.05%
124,334
+86,395
+228% +$7.56M
ORCL icon
110
CALL
Oracle
ORCL
$346B
$10.6M 0.05%
54,200
+51,300
+1,769% +$12.2M
TSM icon
111
CALL
TSMC
TSM
$2.16T
$10.1M 0.05%
33,400
-12,400
-27% -$3.64M
VRT icon
112
Vertiv
VRT
$117B
$10.1M 0.05%
62,511
+36,095
+137% +$6.27M
LOW icon
113
Lowe's Companies
LOW
$113B
$10M 0.05%
41,628
+37,401
+885% +$8.98M
LLY icon
114
PUT
Eli Lilly
LLY
$1.06T
$9.99M 0.05%
9,300
-6,600
-42% -$6.31M
LVS icon
115
Las Vegas Sands
LVS
$30.5B
$9.76M 0.05%
+150,000
New +$9.19M
LVS icon
116
PUT
Las Vegas Sands
LVS
$30.5B
$9.76M 0.05%
+150,000
New +$9.19M
V icon
117
PUT
Visa
V
$669B
$9.4M 0.05%
26,800
-6,600
-20% -$2.25M
AVGO icon
118
CALL
Broadcom
AVGO
$1.87T
$9.34M 0.05%
27,000
-15,200
-36% -$5.44M
GOOGL icon
119
CALL
Alphabet (Google) Class A
GOOGL
$3.89T
$8.51M 0.04%
27,200
-3,100
-10% -$886K
LULU icon
120
lululemon athletica
LULU
$12.6B
$8.31M 0.04%
+40,000
New +$7.25M
LULU icon
121
PUT
lululemon athletica
LULU
$12.6B
$8.31M 0.04%
+40,000
New +$7.25M
TSM icon
122
PUT
TSMC
TSM
$2.16T
$8.17M 0.04%
26,900
– –
MA icon
123
PUT
Mastercard
MA
$469B
$7.71M 0.04%
13,500
-4,100
-23% -$2.29M
LRCX icon
124
PUT
Lam Research
LRCX
$400B
$7.62M 0.04%
44,500
+1,400
+3% +$218K
MU icon
125
CALL
Micron Technology
MU
$1.12T
$7.53M 0.04%
26,400
-1,800
-6% -$413K
3 4
5
6 7

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.