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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
RDDT icon
201
Reddit
RDDT
$32.5B
$2.89M 0.01%
+12,564
New +$2.56M
NFLX icon
202
CALL
Netflix
NFLX
$292B
$2.88M 0.01%
24,000
+19,000
+380% +$2.32M
NOW icon
203
PUT
ServiceNow
NOW
$102B
$2.85M 0.01%
15,500
+12,000
+343% +$2.24M
LOW icon
204
PUT
Lowe's Companies
LOW
$116B
$2.76M 0.01%
11,000
+9,000
+450% +$2.21M
SCCO icon
205
Southern Copper
SCCO
$141B
$2.75M 0.01%
+23,307
New +$2.29M
CVX icon
206
CALL
Chevron
CVX
$388B
$2.73M 0.01%
17,600
+5,600
+47% +$867K
CEG icon
207
PUT
Constellation Energy
CEG
$98B
$2.73M 0.01%
8,300
+7,600
+1,086% +$2.45M
JPM icon
208
JPMorgan Chase
JPM
$939B
$2.73M 0.01%
+8,645
New +$2.57M
XLE icon
209
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$2.68M 0.01%
60,000
-40,000
-40% -$1.75M
SPGI icon
210
PUT
S&P Global
SPGI
$126B
$2.63M 0.01%
5,400
+4,600
+575% +$2.46M
URI icon
211
PUT
United Rentals
URI
$71.1B
$2.58M 0.01%
+2,700
New +$2.41M
CRWV
212
CoreWeave
CRWV
$39.2B
$2.57M 0.01%
+18,746
New +$2.22M
EMB icon
213
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$2.55M 0.01%
26,829
-81,848
-75% -$7.66M
PANW icon
214
CALL
Palo Alto Networks
PANW
$264B
$2.5M 0.01%
12,300
+11,500
+1,438% +$2.2M
CDNS icon
215
PUT
Cadence Design Systems
CDNS
$90B
$2.49M 0.01%
7,100
+6,400
+914% +$2.2M
HBI
216
DELISTED
Hanesbrands
HBI
$2.49M 0.01%
+378,307
New +$2.09M
SNPS icon
217
CALL
Synopsys
SNPS
$71.5B
$2.32M 0.01%
4,700
+4,500
+2,250% +$2.54M
CDNS icon
218
CALL
Cadence Design Systems
CDNS
$90B
$2.32M 0.01%
6,600
+6,300
+2,100% +$2.17M
BSX icon
219
PUT
Boston Scientific
BSX
$65.8B
$2.25M 0.01%
23,000
+19,600
+576% +$2.03M
COP icon
220
PUT
ConocoPhillips
COP
$147B
$2.23M 0.01%
23,600
+20,400
+638% +$1.93M
NEE icon
221
CALL
NextEra Energy
NEE
$187B
$2.2M 0.01%
29,100
+26,600
+1,064% +$1.94M
ADBE icon
222
PUT
Adobe
ADBE
$89.5B
$2.19M 0.01%
6,200
+5,200
+520% +$1.87M
AMT icon
223
PUT
American Tower
AMT
$77.7B
$2.17M 0.01%
11,300
+500
+5% +$104K
GE icon
224
PUT
GE Aerospace
GE
$367B
$2.17M 0.01%
7,200
+4,900
+213% +$1.34M
SNOW icon
225
CALL
Snowflake
SNOW
$92.9B
$2.12M 0.01%
+9,400
New +$2.02M
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 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.