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Asset Manager ← All Institutions

Capula Management Ltd

Q3 2025 · Filed 2025-11-14
Market Value
$13.4B
+64.8%
Holdings
397
-55
New Purchases
152
Added To
98
Closed
94
Reduced
53
Top 10 Concentration
86.9%
Turnover
62.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSTR 4.23% 0.00% +4.22% $566M
UNH 2.48% 0.00% +2.48% $332M
COIN 1.26% 0.00% +1.26% $169M
NKE 0.91% 0.00% +0.91% $122M
DELL 0.85% 0.00% +0.85% $113M
BRK-B 0.85% 0.00% +0.85% $113M
ETHA 2.09% 1.26% +0.83% $279M
AAPL 0.85% 0.04% +0.81% $114M
SMH 0.80% 0.02% +0.78% $107M
AMAT 0.78% 0.00% +0.78% $104M
UBER 0.76% 0.00% +0.76% $101M
COST 0.71% 0.00% +0.71% $96M
QQQ 2.38% 1.81% +0.57% $319M
BABA 0.55% 0.04% +0.51% $73M
CRWD 0.37% 0.00% +0.37% $50M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPY 15.19% 24.22% -9.03% $2.0B
IVV 52.16% 58.52% -6.36% $7.0B
IBIT 4.60% 7.14% -2.54% $616M
K 0.00% 0.40% -0.40% $0
BPMC 0.00% 0.25% -0.25% $0
FBTC 1.57% 1.73% -0.16% $211M
ESGR 0.00% 0.15% -0.15% $0
TLT 0.00% 0.13% -0.13% $552K
SCHN 0.00% 0.12% -0.12% $0
KRE 0.00% 0.11% -0.11% $0
EMB 0.02% 0.12% -0.10% $3M
FYBR 0.15% 0.25% -0.10% $20M
APP 0.00% 0.10% -0.09% $355K
GLXY 0.00% 0.09% -0.09% $0
BRDG 0.00% 0.09% -0.09% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 60 $10.3B 77.2%
Large Cap 241 $2.5B 18.8%
Mid Cap 80 $507M 3.8%
Small Cap 13 $20M 0.1%
Micro Cap 3 $8M 0.1%

Portfolio Analytics

Avg Market Cap
$168.9B
Median Market Cap
$51.4B
Avg P/E
34.5
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
1.11
# Stocks
357
# ETFs / Funds
40

Top Holdings (397 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 52.16% 10,434,370 $7.0B $669.30 $2.2B +2,776,225 +36.2%
2 SPY 15.19% 3,053,114 $2.0B $666.18 $66M -132,009 -4.1%
3 IBIT 4.60% 9,481,909 $616M $65.00 $36M +676 +0.0%
4 MSTR 4.23% 1,756,048 $566M $322.21 $566M +1,755,481 +309608.6%
5 UNH 2.48% 961,097 $332M $345.30 $332M +961,001 +1001042.7%
6 QQQ 2.38% 530,580 $319M $600.37 $172M +264,062 +99.1%
7 ETHA 2.09% 8,868,485 $279M $31.51 $177M +3,513,685 +65.6%
8 FBTC 1.57% 2,112,794 $211M $99.81 $70M +615,620 +41.1%
9 COIN 1.26% 501,397 $169M $337.49 +501,397 NEW
10 NKE 0.91% 1,750,797 $122M $69.73 $122M +1,750,777 +8753885.0%
11 AAPL 0.85% 449,089 $114M $254.63 $111M +431,856 +2506.0%
12 DELL 0.85% 800,106 $113M $141.77 +800,106 NEW
13 BRK-B 0.85% 225,060 $113M $502.74 +225,060 NEW
14 SMH 0.80% 327,375 $107M $326.36 $105M +322,167 +6186.0%
15 AMAT 0.78% 509,913 $104M $204.74 $104M +509,502 +123966.4%
16 UBER 0.76% 1,032,528 $101M $97.97 +1,032,528 NEW
17 COST 0.71% 103,389 $96M $925.63 $95M +103,166 +46262.8%
18 FETH 0.67% 2,174,929 $90M $41.55 $45M +378,733 +21.1%
19 EEM 0.59% 1,475,934 $79M $53.40 $59M +1,057,148 +252.4%
20 BABA 0.55% 408,628 $73M $178.73 $70M +382,226 +1447.7%
21 CRWD 0.37% 101,065 $50M $490.38 +101,065 NEW
22 TSLA 0.37% 110,723 $49M $444.72 $43M +90,457 +446.4%
23 BIDU 0.34% 350,000 $46M $131.77 $44M +322,842 +1188.8%
24 CYBR 0.26% 72,333 $35M $483.15 +72,333 NEW
25 VRNA 0.24% 295,665 $32M $106.71 +295,665 NEW
26 DAY 0.21% 407,000 $28M $68.89 +407,000 NEW
27 LBRDK 0.17% 349,413 $22M $63.54 $20M +325,567 +1365.3%
28 IPG 0.16% 766,433 $21M $27.91 $15M +496,808 +184.3%
29 STZ 0.15% 150,151 $20M $134.67 +150,151 NEW
30 FYBR 0.15% 536,045 $20M $37.35 $21K -13,425 -2.4%
31 COOP 0.15% 93,068 $20M $210.79 +93,068 NEW
32 ON 0.13% 350,000 $17M $49.31 +350,000 NEW
33 INFA 0.12% 636,078 $16M $24.84 +636,078 NEW
34 AMZN 0.12% 71,348 $16M $219.57 +71,348 NEW
35 NVDA 0.10% 74,673 $14M $186.58 +74,673 NEW
36 MSFT 0.10% 25,577 $13M $517.95 +25,577 NEW
37 GLD 0.09% 35,427 $13M $355.47 +35,427 NEW
38 AMP 0.09% 25,100 $12M $491.25 +25,100 NEW
39 BFH 0.08% 200,000 $11M $55.77 +200,000 NEW
40 AVGO 0.08% 30,785 $10M $329.91 +30,785 NEW
41 GOOGL 0.07% 37,332 $9M $243.10 $7M +22,783 +156.6%
42 NWSA 0.07% 292,082 $9M $30.71 -$218K -17,072 -5.5%
43 CRH.L 0.06% 69,876 $8M $119.90 $3M +9,203 +15.2%
44 META 0.05% 9,980 $7M $734.38 +9,980 NEW
45 ASX 0.05% 650,494 $7M $11.09 $5M +433,965 +200.4%
46 CIO 0.05% 1,012,582 $7M $6.96 +1,012,582 NEW
47 GTLS 0.05% 35,000 $7M $200.15 +35,000 NEW
48 MLNK 0.05% 346,952 $7M $19.93 +346,952 NEW
49 DVY 0.05% 45,285 $6M $142.10 $684K +1,982 +4.6%
50 QSR 0.05% 97,431 $6M $64.14 -$2M -27,108 -21.8%
51 LNG 0.04% 25,154 $6M $234.98 -$4M -16,664 -39.9%
52 FOX 0.04% 97,942 $6M $57.29 +97,942 NEW
53 IVE 0.04% 25,027 $5M $206.51 +25,027 NEW
54 CNA 0.04% 109,529 $5M $46.46 $997K +21,591 +24.6%
55 SHOP 0.04% 32,618 $5M $148.61 -$2M -25,110 -43.5%
56 CWEN 0.03% 164,468 $5M $28.25 +164,468 NEW
57 MRC 0.03% 317,165 $5M $14.42 +317,165 NEW
58 PRO 0.03% 199,059 $5M $22.91 +199,059 NEW
59 CVNA 0.03% 11,091 $4M $377.24 $3M +8,750 +373.8%
60 VRT 0.03% 26,416 $4M $150.86 $3M +21,616 +450.3%
61 UAA 0.03% 778,868 $4M $4.99 +778,868 NEW
62 GDX 0.03% 47,108 $4M $76.40 $820K -6,268 -11.7%
63 NFLX 0.03% 2,815 $3M $1,198.92 $2M +2,011 +250.1%
64 BAC 0.02% 62,685 $3M $51.59 $3M +57,094 +1021.2%
65 MRVL 0.02% 37,939 $3M $84.07 $2M +22,439 +144.8%
66 INDA 0.02% 61,100 $3M $52.06 -$2M -40,775 -40.0%
67 ALNY 0.02% 6,888 $3M $456.00 +6,888 NEW
68 AMD 0.02% 17,905 $3M $161.79 +17,905 NEW
69 RDDT 0.02% 12,564 $3M $229.99 +12,564 NEW
70 SCCO 0.02% 22,689 $3M $121.36 +22,689 NEW
71 JPM 0.02% 8,645 $3M $315.43 +8,645 NEW
72 CRWV 0.02% 18,746 $3M $136.85 +18,746 NEW
73 EMB 0.02% 26,829 $3M $95.19 -$8M -81,848 -75.3%
74 HBI 0.02% 378,307 $2M $6.59 +378,307 NEW
75 FXI 0.02% 51,215 $2M $41.14 $67K -4,278 -7.7%
76 NWE 0.02% 35,778 $2M $58.61 +35,778 NEW
77 AFG 0.02% 14,324 $2M $145.72 +14,324 NEW
78 CMI 0.02% 4,826 $2M $422.37 +4,826 NEW
79 STE 0.02% 8,130 $2M $247.44 +8,130 NEW
80 HTO 0.01% 41,136 $2M $48.70 +41,136 NEW
81 GL 0.01% 14,006 $2M $142.97 +14,006 NEW
82 PLTR 0.01% 10,741 $2M $182.42 $2M +7,989 +290.3%
83 PYPL 0.01% 28,587 $2M $67.06 $507K +9,610 +50.6%
84 CVX 0.01% 12,149 $2M $155.29 $1M +6,031 +98.6%
85 THG 0.01% 10,334 $2M $181.63 +10,334 NEW
86 NCLH 0.01% 71,500 $2M $24.63 +71,500 NEW
87 XOM 0.01% 15,538 $2M $112.75 $1M +11,992 +338.2%
88 DKNG 0.01% 46,611 $2M $37.40 +46,611 NEW
89 HD 0.01% 4,301 $2M $405.19 $2M +4,140 +2571.4%
90 AMLP 0.01% 37,045 $2M $46.93 $305K +7,700 +26.2%
91 UHAL-B 0.01% 33,201 $2M $50.90 -$3M -47,734 -59.0%
92 TRV 0.01% 6,027 $2M $279.22 +6,027 NEW
93 V 0.01% 4,904 $2M $341.38 $2M +4,817 +5536.8%
94 INFY 0.01% 100,402 $2M $16.27 $646K +47,109 +88.4%
95 IBN 0.01% 54,000 $2M $30.23 -$1M -29,795 -35.6%
96 BTSG 0.01% 54,942 $2M $29.56 +54,942 NEW
97 ORCL 0.01% 5,688 $2M $281.24 +5,688 NEW
98 NU 0.01% 99,800 $2M $16.01 +99,800 NEW
99 GTX 0.01% 115,107 $2M $13.62 +115,107 NEW
100 UAL 0.01% 16,234 $2M $96.50 -$343K -7,744 -32.3%

Options Breakdown

248 Calls $2.2B Call Value 266 Puts $4.5B Put Value 2.06 P/C Ratio

Top Calls

SymbolSharesValueStatus
QQQ 1,045,000 $627M
LQD 4,000,000 $446M NEW
IWM 545,000 $132M
SLV 1,800,000 $76M
SMH 227,700 $74M
XHB 600,000 $66M NEW
EEM 1,150,000 $61M
GLD 150,000 $53M
KRE 800,000 $51M NEW
KWEB 1,200,000 $50M NEW

Top Puts

SymbolSharesValueStatus
MSTR 1,769,800 $570M
QQQ 865,000 $519M
UNH 963,800 $333M NEW
BABA 1,123,800 $201M NEW
AAPL 774,300 $197M
COIN 529,300 $179M NEW
NVDA 925,600 $173M
IWM 587,000 $142M NEW
SMH 417,700 $136M
AMAT 609,100 $125M

New Positions

SymbolValue% Port
COIN $169M 1.26%
DELL $113M 0.85%
BRK-B $113M 0.85%
UBER $101M 0.76%
CRWD $50M 0.37%
CYBR $35M 0.26%
VRNA $32M 0.24%
DAY $28M 0.21%
STZ $20M 0.15%
COOP $20M 0.15%
ON $17M 0.13%
INFA $16M 0.12%
AMZN $16M 0.12%
NVDA $14M 0.10%
MSFT $13M 0.10%

Sold Out Positions

SymbolValue% Port
ALB —%
CB —%
RH —%
ARES —%
BFAM —%
CDE —%
BEN —%
CMG —%
PSX —%
VEEV —%
D —%
TNET —%
FNV —%
BBUC —%
BIO —%
View SEC EDGAR Filings for Capula Management Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms