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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
Cap. Flow
+$8.06B
Cap. Flow %
40.12%
Top 10 Hldgs %
64.86%
Holding
920
New
289
Increased
404
Reduced
93
Closed
127

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$1.79B
2
MSTR icon
Strategy Inc
MSTR
+$651M
3
UNH icon
UnitedHealth
UNH
+$291M
4
COIN icon
Coinbase
COIN
+$170M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$151M

Top Sells

Rank Stock Value
1
SPY icon
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
APP icon
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
CNA icon
151
CNA Financial
CNA
$14.5B
$5.09M 0.03%
109,529
+21,591
+25% +$1M
KLAC icon
152
PUT
KLA
KLAC
$275B
$5.07M 0.03%
47,000
+44,000
+1,467% +$4.1M
SHOP icon
153
Shopify
SHOP
$148B
$4.85M 0.02%
32,618
-25,110
-43% -$3.4M
ETN icon
154
PUT
Eaton
ETN
$157B
$4.79M 0.02%
12,800
+11,600
+967% +$4.22M
MU icon
155
CALL
Micron Technology
MU
$1.04T
$4.72M 0.02%
28,200
+26,900
+2,069% +$3.44M
OIH icon
156
CALL
VanEck Oil Services ETF
OIH
$2.06B
$4.68M 0.02%
+18,000
New +$4.47M
CWEN icon
157
Clearway Energy Class C
CWEN
$5B
$4.65M 0.02%
+164,468
New +$4.98M
LRCX icon
158
CALL
Lam Research
LRCX
$382B
$4.63M 0.02%
34,600
+33,200
+2,371% +$3.52M
MRC
159
DELISTED
MRC Global
MRC
$4.57M 0.02%
+317,165
New +$4.52M
ROKU icon
160
CALL
Roku
ROKU
$21.1B
$4.57M 0.02%
45,600
+17,400
+62% +$1.6M
PRO
161
DELISTED
PROS Holdings
PRO
$4.56M 0.02%
+199,059
New +$3.24M
PANW icon
162
PUT
Palo Alto Networks
PANW
$264B
$4.5M 0.02%
22,100
+20,300
+1,128% +$3.89M
TLT icon
163
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$4.47M 0.02%
+50,000
New +$4.37M
CSCO icon
164
PUT
Cisco
CSCO
$450B
$4.46M 0.02%
65,200
+55,400
+565% +$3.78M
DIS icon
165
CALL
Walt Disney
DIS
$165B
$4.4M 0.02%
38,400
+1,000
+3% +$118K
ASML icon
166
PUT
ASML
ASML
$675B
$4.36M 0.02%
4,500
-2,500
-36% -$1.97M
XLF icon
167
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$4.31M 0.02%
80,000
-20,000
-20% -$1.06M
KLAC icon
168
CALL
KLA
KLAC
$275B
$4.21M 0.02%
39,000
+37,000
+1,850% +$3.45M
MRVL icon
169
PUT
Marvell Technology
MRVL
$174B
$4.2M 0.02%
50,000
-100
-0.2% -$7.36K
CVNA icon
170
Carvana
CVNA
$43.3B
$4.18M 0.02%
55,455
+43,750
+374% +$3.13M
XLV icon
171
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$42.1B
$4.18M 0.02%
+30,000
New +$4.06M
TMUS icon
172
PUT
T-Mobile US
TMUS
$193B
$4.14M 0.02%
17,300
+16,200
+1,473% +$3.92M
ADSK icon
173
CALL
Autodesk
ADSK
$44.3B
$4.1M 0.02%
12,900
+12,600
+4,200% +$3.84M
INTC icon
174
PUT
Intel
INTC
$466B
$4.04M 0.02%
120,500
+112,300
+1,370% +$2.72M
ADI icon
175
CALL
Analog Devices
ADI
$181B
$4.03M 0.02%
16,400
+15,800
+2,633% +$3.8M
5 6
7
8 9

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 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.