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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
-4.72%
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
$18B
AUM Growth
+$790M
Cap. Flow
+$2.01B
Cap. Flow %
11.18%
Top 10 Hldgs %
71.51%
Holding
779
New
416
Increased
180
Reduced
79
Closed
101

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$9.08B
2
MSTR icon
Strategy Inc
MSTR
+$325M
3
UBER icon
Uber
UBER
+$147M
4
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$146M
5
VOO icon
Vanguard S&P 500 ETF
VOO
+$127M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.37B
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$449M
3
NVDA icon
NVIDIA
NVDA
+$339M
4
CRWD icon
CrowdStrike
CRWD
+$225M
5
FBTC icon
Fidelity Wise Origin Bitcoin Fund
FBTC
+$93.6M

Sector Composition

Rank Sector Weight
1 Technology 8.84%
2 Financials 1.25%
3 Communication Services 0.99%
4 Industrials 0.87%
5 Consumer Discretionary 0.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$876B
$8.64B 48.07%
+15,379,127
New +$9.08B
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$1.22B 6.77%
2,174,279
-15,934,174
-88% -$9.37B
NVDA icon
3
PUT
NVIDIA
NVDA
$5.01T
$635M 3.53%
5,860,800
+305,100
+5% +$38.7M
NVDA icon
4
NVIDIA
NVDA
$5.01T
$597M 3.32%
5,503,990
-2,672,747
-33% -$339M
MSTR icon
5
Strategy Inc
MSTR
$33.5B
$375M 2.08%
1,300,000
+1,025,000
+373% +$325M
MSTR icon
6
PUT
Strategy Inc
MSTR
$33.5B
$375M 2.08%
1,300,000
+1,025,000
+373% +$325M
IBIT icon
7
iShares Bitcoin Trust
IBIT
$47.2B
$362M 2.02%
7,742,160
-1,526,726
-16% -$80.8M
FBTC icon
8
Fidelity Wise Origin Bitcoin Fund
FBTC
$11.9B
$309M 1.72%
4,299,112
-1,150,966
-21% -$93.6M
QQQ icon
9
CALL
Invesco QQQ Trust
QQQ
$455B
$177M 0.99%
377,900
+352,900
+1,412% +$179M
QQQ icon
10
PUT
Invesco QQQ Trust
QQQ
$455B
$169M 0.94%
359,800
+344,800
+2,299% +$175M
BRK.B icon
11
Berkshire Hathaway Class B
BRK.B
$1.07T
$160M 0.89%
+300,000
New +$146M
BRK.B icon
12
PUT
Berkshire Hathaway Class B
BRK.B
$1.07T
$160M 0.89%
+300,000
New +$146M
HYG icon
13
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$158M 0.88%
+2,000,000
New +$159M
SPY icon
14
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$151M 0.84%
269,600
+154,600
+134% +$90.9M
UBER icon
15
PUT
Uber
UBER
$134B
$150M 0.83%
2,057,800
+2,017,500
+5,006% +$145M
UBER icon
16
Uber
UBER
$134B
$150M 0.83%
2,052,204
+2,040,583
+17,559% +$147M
AMD icon
17
PUT
Advanced Micro Devices
AMD
$851B
$123M 0.68%
1,196,300
+49,100
+4% +$5.46M
VOO icon
18
Vanguard S&P 500 ETF
VOO
$968B
$121M 0.67%
+235,000
New +$127M
AMD icon
19
Advanced Micro Devices
AMD
$851B
$118M 0.66%
1,149,918
+41,191
+4% +$4.58M
BA icon
20
PUT
Boeing
BA
$165B
$115M 0.64%
672,700
+658,700
+4,705% +$114M
BA icon
21
Boeing
BA
$165B
$114M 0.64%
670,843
+669,220
+41,234% +$116M
TMUS icon
22
PUT
T-Mobile US
TMUS
$193B
$107M 0.59%
+400,900
New +$98.8M
TMUS icon
23
T-Mobile US
TMUS
$193B
$107M 0.59%
+400,502
New +$98.7M
EEM icon
24
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
$103M 0.57%
2,350,000
+1,750,000
+292% +$76M
XOM icon
25
PUT
ExxonMobil
XOM
$651B
$96.8M 0.54%
813,600
+786,200
+2,869% +$86.9M
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 Q1 2025 Portfolio in Review

As of Q1 2025, Capula Management held 779 positions worth $18B, up 4.6% from $17.2B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Capula Management deployed $2.01B of net new capital in Q1 2025, opening 416 new positions and adding to 180 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 15,379,127 shares worth $8.64B.

By sector, the portfolio is most concentrated in Technology at 8.8% of assets, down from 11% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $9.37B trimmed.

  • Capula Management's largest Q1 2025 buy was iShares Core S&P 500 ETF: 15,379,127 shares worth $8.64B.
  • Capula Management added most to Strategy Inc in Q1 2025, an estimated $325M increase.
  • Capula Management's biggest Q1 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $9.37B.
  • Capula Management fully exited Alphabet (Google) Class C in Q1 2025, selling an estimated $83.8M.
  • Capula Management's ten largest holdings make up 72% of its $18B portfolio in Q1 2025.
  • Capula Management opened 416 new positions and closed 101 in Q1 2025.
  • Capula Management's portfolio value rose 4.6% quarter-over-quarter to $18B.

Based on Capula Management's 13F filing for Q1 2025, filed 14 May 2025.