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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
+11.82%
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
$2.5B
AUM Growth
-$2.27B
Cap. Flow
-$2.63B
Cap. Flow %
-105.51%
Top 10 Hldgs %
80.1%
Holding
639
New
139
Increased
32
Reduced
114
Closed
353

Top Buys

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$117M
2
PXD
Pioneer Natural Resource Co.
PXD
+$26.7M
3
XLRE icon
State Street Real Estate Select Sector SPDR ETF
XLRE
+$20.4M
4
SMH icon
VanEck Semiconductor ETF
SMH
+$13.3M
5
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$12.7M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$33.7M
2
AAPL icon
Apple
AAPL
+$30.5M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$30.1M
4
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$28M
5
UPS icon
United Parcel Service
UPS
+$18.8M

Sector Composition

Rank Sector Weight
1 Communication Services 11.97%
2 Consumer Discretionary 5.27%
3 Energy 1.73%
4 Technology 1.28%
5 Financials 0.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$761M 30.48%
1,601,373
-24,581
-2% -$10.9M
QQQ icon
2
PUT
Invesco QQQ Trust
QQQ
$455B
$235M 9.41%
573,500
-1,256,900
-69% -$477M
QQQ icon
3
CALL
Invesco QQQ Trust
QQQ
$455B
$209M 8.38%
511,000
-1,253,600
-71% -$476M
SMH icon
4
PUT
VanEck Semiconductor ETF
SMH
$67.6B
$182M 7.27%
1,038,000
+738,000
+246% +$116M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$3.91T
$153M 6.12%
1,093,887
-17,434
-2% -$2.34M
HYG icon
6
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$122M 4.88%
+1,574,000
New +$117M
META icon
7
Meta Platforms (Facebook)
META
$1.51T
$106M 4.25%
300,000
-8,158
-3% -$2.66M
SMH icon
8
CALL
VanEck Semiconductor ETF
SMH
$67.6B
$105M 4.2%
600,000
+300,000
+100% +$47M
AMZN icon
9
Amazon
AMZN
$2.5T
$99M 3.96%
651,641
-26,368
-4% -$3.7M
GOOG icon
10
Alphabet (Google) Class C
GOOG
$3.9T
$28.6M 1.15%
203,026
-674
-0.3% -$91.5K
TLT icon
11
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$27.2M 1.09%
+275,000
New +$24.8M
QQQ icon
12
Invesco QQQ Trust
QQQ
$455B
$26.9M 1.08%
65,740
-79,162
-55% -$30.1M
PXD
13
DELISTED
Pioneer Natural Resource Co.
PXD
$26.1M 1.04%
116,000
+113,840
+5,270% +$26.7M
SMH icon
14
VanEck Semiconductor ETF
SMH
$67.6B
$24.1M 0.97%
138,000
+85,000
+160% +$13.3M
XLRE icon
15
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.69B
$22.8M 0.91%
+567,980
New +$20.4M
TLT icon
16
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$19.8M 0.79%
+200,000
New +$18.1M
KRE icon
17
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
$15.8M 0.63%
+302,000
New +$13.5M
XLF icon
18
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$13.8M 0.55%
+366,502
New +$12.7M
SPLK
19
DELISTED
Splunk Inc
SPLK
$13M 0.52%
85,535
+68,535
+403% +$10.2M
XLK icon
20
State Street Technology Select Sector SPDR ETF
XLK
$115B
$12.9M 0.52%
+134,108
New +$11.9M
EEM icon
21
iShares MSCI Emerging Markets ETF
EEM
$28B
$11.1M 0.45%
+276,500
New +$10.7M
SPY icon
22
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$9.51M 0.38%
20,000
-574,000
-97% -$256M
CPRI icon
23
PUT
Capri Holdings
CPRI
$1.77B
$7.54M 0.3%
+150,000
New +$7.48M
TLT icon
24
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$7.42M 0.3%
+75,000
New +$6.78M
EEM icon
25
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
$6.84M 0.27%
+170,000
New +$6.56M
1
2 3 4 5

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 Q4 2023 Portfolio in Review

As of Q4 2023, Capula Management held 639 positions worth $2.5B, down 48% from $4.77B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Capula Management withdrew a net $2.63B in Q4 2023, closing 353 positions and reducing 114 holdings. Its most notable exit was Activision Blizzard, an estimated $33.7M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 12% of assets, up from 6% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Capula Management opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $122M.

  • Capula Management's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 1,574,000 shares worth $122M.
  • Capula Management added most to Pioneer Natural Resource Co. in Q4 2023, an estimated $26.7M increase.
  • Capula Management's biggest Q4 2023 reduction was Apple, cutting an estimated $30.5M.
  • Capula Management fully exited Activision Blizzard in Q4 2023, selling an estimated $33.7M.
  • Capula Management's ten largest holdings make up 80% of its $2.5B portfolio in Q4 2023.
  • Capula Management opened 139 new positions and closed 353 in Q4 2023.
  • Capula Management's portfolio value fell 48% quarter-over-quarter to $2.5B.

Based on Capula Management's 13F filing for Q4 2023, filed 12 Feb 2024.