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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
+13.15%
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
$4.1B
AUM Growth
-$4.18B
(-50%)
Cap. Flow
-$4.6B
Cap. Flow
% of AUM
-112.25%
Top 10 Holdings %
Top 10 Hldgs %
48.73%
Holding
855
New
186
Increased
100
Reduced
123
Closed
444
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$191M |
| 2 |
Meta Platforms (Facebook)
META
|
+$73.9M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$46.7M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$22.9M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$376M |
| 2 |
iShares China Large-Cap ETF
FXI
|
+$69.2M |
| 3 |
JPMorgan Chase
JPM
|
+$46.7M |
| 4 |
Morgan Stanley
MS
|
+$25.8M |
| 5 |
Wells Fargo
WFC
|
+$18.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 4.06% |
| 2 | Healthcare | 1.46% |
| 3 | Consumer Discretionary | 0.85% |
| 4 | Technology | 0.74% |
| 5 | Industrials | 0.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $299M | 7.3% |
674,500
-1,425,500
| -68% | -$598M |
|
2
PUT
Apple
AAPL
$4.9T
| $249M | 6.07% |
1,281,400
-330,200
| -20% | -$57.5M |
|
3
CALL
iShares Russell 2000 ETF
IWM
$82.2B
| $213M | 5.19% |
1,136,000
+1,076,000
| +1,793% | +$192M |
|
|
4
CALL
Invesco QQQ Trust
QQQ
$466B
| $198M | 4.82% |
535,000
+512,000
| +2,226% | +$172M |
|
|
5
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.7B
| $190M | 4.63% |
+2,401,433
| New | +$191M |
|
6
CALL
United Parcel Service
UPS
$100B
| $184M | 4.49% |
1,026,500
+979,500
| +2,084% | +$174M |
|
|
7
PUT
United Parcel Service
UPS
$100B
| $183M | 4.47% |
1,021,500
+931,500
| +1,035% | +$165M |
|
|
8
PUT
Invesco QQQ Trust
QQQ
$466B
| $166M | 4.06% |
450,000
+302,000
| +204% | +$102M |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $160M | 3.91% |
361,795
-895,430
| -71% | -$376M |
|
|
10
CALL
Apple
AAPL
$4.9T
| $155M | 3.79% |
800,800
-453,200
| -36% | -$79M |
|
|
11
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| $150M | 3.65% |
799,000
+411,000
| +106% | +$73.3M |
|
12
PUT
Microsoft
MSFT
$2.93T
| $129M | 3.14% |
378,200
-375,100
| -50% | -$118M |
|
|
13
Invesco QQQ Trust
QQQ
$466B
| $102M | 2.49% |
276,200
+50,357
| +22% | +$17M |
|
|
14
CALL
Microsoft
MSFT
$2.93T
| $93.3M | 2.28% |
274,100
-357,300
| -57% | -$112M |
|
|
15
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $93.1M | 2.27% |
210,000
-189,000
| -47% | -$79.3M |
|
|
16
Meta Platforms (Facebook)
META
$1.64T
| $86.6M | 2.11% |
301,760
+299,613
| +13,955% | +$73.9M |
|
17
CALL
IBM
IBM
$200B
| $68.4M | 1.67% |
511,000
+172,600
| +51% | +$22.3M |
|
|
18
Alphabet (Google) Class A
GOOGL
$4.23T
| $49.9M | 1.22% |
416,725
+406,021
| +3,793% | +$46.7M |
|
|
19
PUT
Alphabet (Google) Class A
GOOGL
$4.23T
| $41.8M | 1.02% |
348,800
-880,000
| -72% | -$101M |
|
|
20
CALL
JPMorgan Chase
JPM
$907B
| $40.8M | 1% |
280,500
+154,800
| +123% | +$21.3M |
|
21
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
| $39.6M | 0.97% |
1,000,000
| – | – |
|
22
CALL
Cisco
CSCO
$441B
| $33.7M | 0.82% |
650,400
-400,200
| -38% | -$19.7M |
|
|
23
CALL
Alphabet (Google) Class A
GOOGL
$4.23T
| $32.9M | 0.8% |
274,500
-1,148,500
| -81% | -$132M |
|
|
HZNP
24
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $30.9M | 0.75% |
+300,000
| New | +$31.7M |
|
25
CALL
Amazon
AMZN
$2.66T
| $30M | 0.73% |
230,000
-1,071,900
| -82% | -$122M |
|
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Capula Management's Q2 2023 Portfolio in Review
As of Q2 2023, Capula Management held 855 positions worth $4.1B, down 50% from $8.27B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Capula Management withdrew a net $4.6B in Q2 2023, closing 444 positions and reducing 123 holdings. Its most notable exit was JPMorgan Chase, an estimated $46.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 4.1% of assets, up from 0.23% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Capula Management opened a new position in Vanguard Intermediate-Term Corporate Bond ETF worth $190M.
- Capula Management's largest Q2 2023 buy was Vanguard Intermediate-Term Corporate Bond ETF: 2,401,433 shares worth $190M.
- Capula Management added most to Meta Platforms (Facebook) in Q2 2023, an estimated $73.9M increase.
- Capula Management's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $376M.
- Capula Management fully exited JPMorgan Chase in Q2 2023, selling an estimated $46.7M.
- Capula Management's ten largest holdings make up 49% of its $4.1B portfolio in Q2 2023.
- Capula Management opened 186 new positions and closed 444 in Q2 2023.
- Capula Management's portfolio value fell 50% quarter-over-quarter to $4.1B.
Based on Capula Management's 13F filing for Q2 2023, filed 14 Aug 2023.