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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
+12.86%
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
$10.8B
AUM Growth
-$7.21B
(-40%)
Cap. Flow
-$9.02B
Cap. Flow
% of AUM
-83.79%
Top 10 Holdings %
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$578M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$113M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$97.4M |
| 4 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$58.9M |
| 5 |
K
Kellanova
K
|
+$28.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.43B |
| 2 |
NVIDIA
NVDA
|
+$693M |
| 3 |
Strategy Inc
MSTR
|
+$473M |
| 4 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$241M |
| 5 |
Uber
UBER
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0.58% |
| 2 | Financials | 0.52% |
| 3 | Consumer Discretionary | 0.38% |
| 4 | Consumer Staples | 0.33% |
| 5 | Healthcare | 0.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BBUC
176
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.42B
| $1.04M | 0.01% |
+24,500
| New | +$670K |
|
|
ORLA
177
Orla Mining
ORLA
$3.48B
| $1.01M | 0.01% |
+73,500
| New | +$764K |
|
178
CALL
Home Depot
HD
$332B
| $990K | 0.01% |
2,700
+200
| +8% | +$72.4K |
|
179
Infosys
INFY
$45B
| $988K | 0.01% |
53,293
| – | – |
|
180
Amplify Junior Silver Miners ETF
SILJ
$3.27B
| $973K | 0.01% |
+65,728
| New | +$855K |
|
181
Global X Silver Miners ETF NEW
SIL
$4.08B
| $963K | 0.01% |
20,000
-34,490
| -63% | -$1.47M |
|
182
PUT
Procter & Gamble
PG
$343B
| $956K | 0.01% |
6,000
-3,700
| -38% | -$604K |
|
183
CALL
JPMorgan Chase
JPM
$939B
| $928K | 0.01% |
3,200
-300
| -9% | -$76.6K |
|
184
CALL
Mobileye
MBLY
$2.03B
| $899K | 0.01% |
+50,000
| New | +$764K |
|
185
Chevron
CVX
$388B
| $876K | 0.01% |
6,118
-33,903
| -85% | -$4.78M |
|
186
PUT
Johnson & Johnson
JNJ
$635B
| $810K | 0.01% |
5,300
-8,000
| -60% | -$1.23M |
|
187
Carvana
CVNA
$43.3B
| $789K | 0.01% |
+11,705
| New | +$642K |
|
188
Estee Lauder
EL
$29B
| $761K | 0.01% |
9,415
-18,533
| -66% | -$1.19M |
|
189
CALL
AutoZone
AZO
$48.3B
| $742K | 0.01% |
+200
| New | +$737K |
|
190
Equinox Gold
EQX
$7.32B
| $738K | 0.01% |
+93,870
| New | +$610K |
|
191
PUT
AbbVie
ABBV
$458B
| $724K | 0.01% |
3,900
-2,600
| -40% | -$483K |
|
192
Merck
MRK
$324B
| $721K | 0.01% |
9,112
+5,331
| +141% | +$424K |
|
193
PUT
ServiceNow
NOW
$102B
| $720K | 0.01% |
3,500
-94,000
| -96% | -$17.7M |
|
194
PUT
Cisco
CSCO
$450B
| $680K | 0.01% |
9,800
-2,600
| -21% | -$160K |
|
195
CALL
Visa
V
$677B
| $675K | 0.01% |
1,900
+200
| +12% | +$69.7K |
|
196
PUT
Wells Fargo
WFC
$261B
| $673K | 0.01% |
8,400
-5,000
| -37% | -$361K |
|
|
CWAN
197
DELISTED
Clearwater Analytics
CWAN
| $672K | 0.01% |
+30,642
| New | +$705K |
|
198
Lyft
LYFT
$5.39B
| $671K | 0.01% |
+42,554
| New | +$596K |
|
199
CALL
Netflix
NFLX
$292B
| $670K | 0.01% |
5,000
-171,000
| -97% | -$19.3M |
|
200
PUT
Walt Disney
DIS
$165B
| $657K | 0.01% |
5,300
-2,400
| -31% | -$249K |
|
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Capula Management's Q2 2025 Portfolio in Review
As of Q2 2025, Capula Management held 894 positions worth $10.8B, down 40% from $18B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Capula Management withdrew a net $9.02B in Q2 2025, closing 265 positions and reducing 276 holdings. Its most notable exit was NVIDIA, an estimated $693M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0.58% of assets, down from 0.99% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Capula Management opened a new position in Blueprint Medicines worth $20M.
- Capula Management's largest Q2 2025 buy was Blueprint Medicines: 156,114 shares worth $20M.
- Capula Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2025, an estimated $578M increase.
- Capula Management's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.43B.
- Capula Management fully exited NVIDIA in Q2 2025, selling an estimated $693M.
- Capula Management's ten largest holdings make up 86% of its $10.8B portfolio in Q2 2025.
- Capula Management opened 215 new positions and closed 265 in Q2 2025.
- Capula Management's portfolio value fell 40% quarter-over-quarter to $10.8B.
Based on Capula Management's 13F filing for Q2 2025, filed 13 Aug 2025.