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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
+5.82%
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
$17.2B
AUM Growth
+$7.33B
Cap. Flow
+$6.92B
Cap. Flow %
40.26%
Top 10 Hldgs %
85.6%
Holding
641
New
158
Increased
99
Reduced
98
Closed
278

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$5.08B
2
NVDA icon
NVIDIA
NVDA
+$531M
3
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$480M
4
CRWD icon
CrowdStrike
CRWD
+$214M
5
AMD icon
Advanced Micro Devices
AMD
+$159M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$301M
2
AMZN icon
Amazon
AMZN
+$172M
3
LLY icon
Eli Lilly
LLY
+$73M
4
XOM icon
ExxonMobil
XOM
+$57.9M
5
NFLX icon
Netflix
NFLX
+$49.1M

Sector Composition

Rank Sector Weight
1 Technology 11.34%
2 Communication Services 1.29%
3 Consumer Discretionary 0.64%
4 Energy 0.56%
5 Consumer Staples 0.44%
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
$10.6B 61.75%
18,108,453
+8,628,768
+91% +$5.08B
NVDA icon
2
NVIDIA
NVDA
$5.01T
$1.1B 6.39%
8,176,737
+3,854,453
+89% +$531M
NVDA icon
3
PUT
NVIDIA
NVDA
$5.01T
$746M 4.34%
5,555,700
+1,148,900
+26% +$158M
IBIT icon
4
iShares Bitcoin Trust
IBIT
$47.2B
$492M 2.86%
9,268,886
+743,930
+9% +$35.1M
TLT icon
5
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$456M 2.65%
+5,216,417
New +$480M
FBTC icon
6
Fidelity Wise Origin Bitcoin Fund
FBTC
$11.9B
$445M 2.59%
5,450,078
+263,537
+5% +$19.1M
CRWD icon
7
PUT
CrowdStrike
CRWD
$187B
$222M 1.29%
2,599,600
+2,596,800
+92,743% +$216M
CRWD icon
8
CrowdStrike
CRWD
$187B
$220M 1.28%
2,575,544
+2,574,740
+320,241% +$214M
LQD icon
9
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$214M 1.24%
+2,000,000
New +$219M
XLF icon
10
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$208M 1.21%
+4,310,000
New +$208M
DELL icon
11
Dell
DELL
$283B
$144M 0.84%
+1,250,000
New +$157M
DELL icon
12
PUT
Dell
DELL
$283B
$144M 0.84%
+1,250,000
New +$157M
AMD icon
13
PUT
Advanced Micro Devices
AMD
$851B
$139M 0.81%
1,147,200
+1,135,700
+9,876% +$163M
AMD icon
14
Advanced Micro Devices
AMD
$851B
$134M 0.78%
1,108,727
+1,108,028
+158,516% +$159M
CVX icon
15
PUT
Chevron
CVX
$388B
$87.4M 0.51%
603,200
+600,400
+21,443% +$91.9M
CVX icon
16
Chevron
CVX
$388B
$87.1M 0.51%
+601,472
New +$92.1M
GOOGL icon
17
Alphabet (Google) Class A
GOOGL
$3.91T
$83.9M 0.49%
443,147
+139,644
+46% +$24.4M
MAR icon
18
Marriott International
MAR
$98.7B
$83.8M 0.49%
300,522
+299,661
+34,804% +$82.3M
GOOG icon
19
Alphabet (Google) Class C
GOOG
$3.9T
$83.8M 0.49%
+440,000
New +$77.7M
MAR icon
20
PUT
Marriott International
MAR
$98.7B
$83.7M 0.49%
300,000
+299,900
+299,900% +$82.3M
MSFT icon
21
Microsoft
MSFT
$2.84T
$80.5M 0.47%
190,944
-112,750
-37% -$48M
MSTR icon
22
Strategy Inc
MSTR
$33.5B
$79.6M 0.46%
+275,000
New +$82.7M
MSTR icon
23
PUT
Strategy Inc
MSTR
$33.5B
$79.6M 0.46%
+275,000
New +$82.7M
AAPL icon
24
PUT
Apple
AAPL
$4.89T
$69.8M 0.41%
278,900
+197,500
+243% +$46.5M
SPY icon
25
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$67.4M 0.39%
+115,000
New +$67.8M
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 2024 Portfolio in Review

As of Q4 2024, Capula Management held 641 positions worth $17.2B, up 74% from $9.85B the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Capula Management deployed $6.92B of net new capital in Q4 2024, opening 158 new positions and adding to 99 existing holdings. Its largest new stake was iShares 20+ Year Treasury Bond ETF: 5,216,417 shares worth $456M.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 8% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was Amazon, an estimated $172M trimmed.

  • Capula Management's largest Q4 2024 buy was iShares 20+ Year Treasury Bond ETF: 5,216,417 shares worth $456M.
  • Capula Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2024, an estimated $5.08B increase.
  • Capula Management's biggest Q4 2024 reduction was Amazon, cutting an estimated $172M.
  • Capula Management fully exited Vanguard S&P 500 ETF in Q4 2024, selling an estimated $301M.
  • Capula Management's ten largest holdings make up 86% of its $17.2B portfolio in Q4 2024.
  • Capula Management opened 158 new positions and closed 278 in Q4 2024.
  • Capula Management's portfolio value rose 74% quarter-over-quarter to $17.2B.

Based on Capula Management's 13F filing for Q4 2024, filed 13 Feb 2025.