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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
Cap. Flow
-$9.02B
Cap. Flow %
-83.79%
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$578M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$113M
3
IBIT icon
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
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.43B
2
NVDA icon
NVIDIA
NVDA
+$693M
3
MSTR icon
Strategy Inc
MSTR
+$473M
4
FBTC icon
Fidelity Wise Origin Bitcoin Fund
FBTC
+$241M
5
UBER icon
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
BFAM icon
201
Bright Horizons
BFAM
$3.99B
$652K 0.01%
+5,278
New +$647K
TW icon
202
Tradeweb Markets
TW
$21.3B
$645K 0.01%
+4,407
New +$615K
VZ icon
203
CALL
Verizon
VZ
$194B
$645K 0.01%
14,900
-10,000
-40% -$433K
GS icon
204
PUT
Goldman Sachs
GS
$313B
$637K 0.01%
900
-400
-31% -$232K
LEVI icon
205
Levi Strauss
LEVI
$9.44B
$636K 0.01%
+34,380
New +$572K
TTD icon
206
Trade Desk
TTD
$8.13B
$634K 0.01%
8,800
-24,900
-74% -$1.59M
MRK icon
207
PUT
Merck
MRK
$324B
$633K 0.01%
8,000
-5,200
-39% -$413K
ASML icon
208
ASML
ASML
$675B
$627K 0.01%
782
-3,329
-81% -$2.39M
XYZ
209
Block Inc
XYZ
$45.9B
$626K 0.01%
9,215
-440,785
-98% -$25.6M
LLY icon
210
CALL
Eli Lilly
LLY
$1.07T
$624K 0.01%
800
-100
-11% -$77.7K
HEI icon
211
HEICO Corp
HEI
$48.9B
$623K 0.01%
+1,900
New +$526K
TXN icon
212
PUT
Texas Instruments
TXN
$255B
$623K 0.01%
3,000
-4,600
-61% -$817K
IBM icon
213
PUT
IBM
IBM
$202B
$619K 0.01%
2,100
-270,400
-99% -$69.7M
FCX icon
214
Freeport-McMoran
FCX
$90B
$617K 0.01%
14,232
+7,793
+121% +$296K
VRT icon
215
Vertiv
VRT
$112B
$616K 0.01%
+4,800
New +$467K
GDS icon
216
GDS Holdings
GDS
$6.34B
$611K 0.01%
+20,000
New +$507K
KO icon
217
PUT
Coca-Cola
KO
$354B
$608K 0.01%
8,600
-2,300
-21% -$164K
VEEV icon
218
Veeva Systems
VEEV
$30.3B
$605K 0.01%
+2,100
New +$521K
LPLA icon
219
LPL Financial
LPLA
$26.3B
$600K 0.01%
+1,600
New +$561K
GE icon
220
PUT
GE Aerospace
GE
$367B
$592K 0.01%
2,300
-4,100
-64% -$900K
FERG icon
221
Ferguson
FERG
$44.7B
$588K 0.01%
+2,700
New +$497K
GEV icon
222
PUT
GE Vernova
GEV
$270B
$582K 0.01%
1,100
+100
+10% +$41.6K
BKNG icon
223
PUT
Booking.com
BKNG
$138B
$579K 0.01%
2,500
-5,000
-67% -$1.02M
LIN icon
224
PUT
Linde
LIN
$237B
$563K 0.01%
1,200
-700
-37% -$320K
INTU icon
225
PUT
Intuit
INTU
$81.1B
$551K 0.01%
700
-2,300
-77% -$1.56M
7 8
9
10 11

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 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.