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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
CFLT
126
DELISTED
Confluent
CFLT
$7.47M 0.04%
+247,073
New +$6.07M
MSFT icon
127
CALL
Microsoft
MSFT
$2.86T
$7.3M 0.04%
15,100
-16,100
-52% -$8.07M
JNJ icon
128
PUT
Johnson & Johnson
JNJ
$633B
$7.22M 0.04%
34,900
-12,700
-27% -$2.51M
ORCL icon
129
PUT
Oracle
ORCL
$336B
$7.19M 0.04%
36,900
+3,200
+9% +$762K
BAC icon
130
PUT
Bank of America
BAC
$434B
$7.16M 0.04%
130,200
-21,700
-14% -$1.15M
LRCX icon
131
CALL
Lam Research
LRCX
$382B
$6.97M 0.03%
40,700
+6,100
+18% +$949K
AMD icon
132
PUT
Advanced Micro Devices
AMD
$859B
$6.96M 0.03%
32,500
-70,200
-68% -$15.8M
NWSA icon
133
News Corp Class A
NWSA
$14.6B
$6.82M 0.03%
261,017
-31,065
-11% -$815K
LBRDK icon
134
Liberty Broadband Class C
LBRDK
$4.18B
$6.81M 0.03%
140,145
-209,268
-60% -$10.9M
WMT icon
135
Walmart Inc
WMT
$870B
$6.56M 0.03%
58,924
+48,538
+467% +$5.21M
NFLX icon
136
PUT
Netflix
NFLX
$294B
$6.53M 0.03%
69,600
-77,400
-53% -$8.34M
FOX icon
137
Fox Class B
FOX
$20.9B
$6.36M 0.03%
97,942
– –
LNG icon
138
Cheniere Energy
LNG
$56.4B
$6.25M 0.03%
32,140
+6,986
+28% +$1.47M
COST icon
139
PUT
Costco
COST
$414B
$6.21M 0.03%
7,200
-106,900
-94% -$96.9M
NOVTU
140
Novanta Inc Units
NOVTU
$675M
$6.19M 0.03%
+220,000
New +$11.6M
AMD icon
141
CALL
Advanced Micro Devices
AMD
$859B
$6.17M 0.03%
28,800
-10,500
-27% -$2.36M
HD icon
142
PUT
Home Depot
HD
$329B
$5.92M 0.03%
17,200
-9,100
-35% -$3.33M
TECK icon
143
CALL
Teck Resources
TECK
$29.7B
$5.9M 0.03%
+123,300
New +$5.34M
ABBV icon
144
PUT
AbbVie
ABBV
$457B
$5.87M 0.03%
25,700
-48,400
-65% -$11M
SOMN
145
The Southern Company 2025 Series A Corp Units
SOMN
$5.58M 0.03%
+221,990
New +$11M
KLAC icon
146
PUT
KLA
KLAC
$275B
$5.47M 0.03%
45,000
-2,000
-4% -$235K
ALNY icon
147
Alnylam Pharmaceuticals
ALNY
$36.2B
$5.24M 0.03%
13,181
+6,293
+91% +$2.79M
GE icon
148
PUT
GE Aerospace
GE
$365B
$5.24M 0.03%
17,000
+9,800
+136% +$2.95M
KLAC icon
149
CALL
KLA
KLAC
$275B
$5.22M 0.03%
43,000
+4,000
+10% +$469K
BAM icon
150
Brookfield Asset Management
BAM
$73.8B
$5.16M 0.03%
90,852
-36,016
-28% -$1.94M
4 5
6
7 8

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.