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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 | |
|---|---|---|---|---|---|---|
126
CALL
Alphabet (Google) Class A
GOOGL
$3.91T
| $7.37M | 0.04% |
30,300
+17,200
| +131% | +$3.6M |
|
127
Meta Platforms (Facebook)
META
$1.51T
| $7.33M | 0.04% |
+9,980
| New | +$7.43M |
|
128
PUT
Qualcomm
QCOM
$176B
| $7.24M | 0.04% |
43,500
+28,100
| +182% | +$4.46M |
|
129
ASE Group
ASX
$80.8B
| $7.21M | 0.04% |
650,494
+433,965
| +200% | +$4.54M |
|
|
CIO
130
DELISTED
City Office REIT
CIO
| $7.05M | 0.04% |
+1,012,582
| New | +$6.68M |
|
|
GTLS
131
DELISTED
Chart Industries
GTLS
| $7.01M | 0.03% |
+35,000
| New | +$6.65M |
|
132
CALL
JD.com
JD
$40.8B
| $7M | 0.03% |
+200,000
| New | +$6.51M |
|
|
MLNK
133
DELISTED
MeridianLink
MLNK
| $6.91M | 0.03% |
+346,952
| New | +$6.38M |
|
134
CALL
Amazon
AMZN
$2.5T
| $6.65M | 0.03% |
30,300
+18,700
| +161% | +$4.23M |
|
135
iShares Select Dividend ETF
DVY
$24B
| $6.43M | 0.03% |
45,285
+1,982
| +5% | +$275K |
|
136
CALL
Advanced Micro Devices
AMD
$851B
| $6.36M | 0.03% |
39,300
+17,200
| +78% | +$2.78M |
|
137
Restaurant Brands International
QSR
$25.1B
| $6.25M | 0.03% |
97,431
-27,108
| -22% | -$1.78M |
|
138
Cheniere Energy
LNG
$56.5B
| $5.91M | 0.03% |
25,154
-16,664
| -40% | -$3.92M |
|
139
PUT
CVS Health
CVS
$137B
| $5.9M | 0.03% |
78,200
+400
| +0.5% | +$27.4K |
|
140
PUT
Lam Research
LRCX
$382B
| $5.77M | 0.03% |
43,100
+39,700
| +1,168% | +$4.2M |
|
141
PUT
VanEck Oil Services ETF
OIH
$2.06B
| $5.72M | 0.03% |
+22,000
| New | +$5.46M |
|
142
PUT
Pinduoduo
PDD
$118B
| $5.66M | 0.03% |
+42,800
| New | +$5.07M |
|
143
Fox Class B
FOX
$20.7B
| $5.61M | 0.03% |
+97,942
| New | +$5.17M |
|
|
144
CALL
Pinduoduo
PDD
$118B
| $5.6M | 0.03% |
+42,400
| New | +$5.02M |
|
|
145
CALL
Strategy Inc
MSTR
$33.5B
| $5.41M | 0.03% |
16,800
+6,800
| +68% | +$2.52M |
|
146
PUT
SLB Ltd
SLB
$77.8B
| $5.21M | 0.03% |
151,700
-68,300
| -31% | -$2.38M |
|
147
iShares S&P 500 Value ETF
IVE
$48.9B
| $5.17M | 0.03% |
+25,027
| New | +$5.03M |
|
148
CALL
Morgan Stanley
MS
$337B
| $5.12M | 0.03% |
32,200
+30,700
| +2,047% | +$4.53M |
|
149
PUT
Analog Devices
ADI
$181B
| $5.11M | 0.03% |
20,800
+19,500
| +1,500% | +$4.69M |
|
150
PUT
Texas Instruments
TXN
$255B
| $5.09M | 0.03% |
27,700
+24,700
| +823% | +$4.83M |
|
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SSA
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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.