Capula Management Ltd

CIK: 0001557017SEC EDGAR →

Portfolio Value

$20.0B

Holdings

382

As of

Q4 2025

New Positions

353

Closed Positions

0

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

VANGUARD INDEX FDS

11,903,616$7.5B
37.39%
2
SPYPut

SPDR S&P 500 ETF TR

5,920,777$4.0B
20.21%
3
BABAPut

ALIBABA GROUP HLDG LTD

3,377,316$491.0M
2.46%
4

ISHARES BITCOIN TRUST ETF

9,481,233$470.0M
2.35%
5

ISHARES TR

616,758$422.0M
2.11%
6
IBMPut

INTERNATIONAL BUSINESS MACHS

1,366,574$401.0M
2.01%
7
UBERPut

UBER TECHNOLOGIES INC

4,542,865$368.0M
1.84%
8
SMHPut

VANECK ETF TRUST

1,002,644$360.0M
1.80%
9

ALPHABET INC

1,047,122$323.0M
1.62%
10
NDQPut

INVESCO QQQ TR

484,595$295.0M
1.48%

Quarterly Changes

Top Buys

VOO↑ Increased
$7.5B
SPY↑ Increased
$2.0B
IBM↑ Increased
$398.4M
GOOGL↑ Increased
$249.9M
QCOM↑ Increased
$213.8M

Top Sells

IVV↓ Decreased
$6.6B
NDQ↓ Decreased
$1.2B
MIGA↓ Decreased
$1.1B
UNH↓ Decreased
$665.4M
LQDCLOSED
$445.9M

New Positions (98)

$100.0M · 320K shares
$81.0M · 2.9M shares
$76.0M · 2.7M shares
$44.0M · 1.6M shares
$41.0M · 400K shares
$41.0M · 413K shares
$29.0M · 443K shares
$27.0M · 732K shares
$27.0M · 390K shares
$27.0M · 132K shares
$24.0M · 220K shares
$23.0M · 566K shares
$23.0M · 300K shares
$21.0M · 411K shares
$17.0M · 200K shares
$16.0M · 446K shares
$16.0M · 300K shares
$16.0M · 80K shares
$15.0M · 244K shares
$15.0M · 946K shares
$14.0M · 196K shares
$14.0M · 50K shares
$12.0M · 13K shares
$11.0M · 1.4M shares
$7.0M · 247K shares
$6.0M · 220K shares
$6.0M · 140K shares
$5.0M · 222K shares
$4.0M · 22K shares
$4.0M · 180K shares
$3.0M · 60K shares
$3.0M · 198K shares
$3.0M · 172K shares
$3.0M · 260K shares
$2.0M · 85K shares
$2.0M · 124K shares
$2.0M · 102K shares
$2.0M · 78K shares
$2.0M · 21K shares
$1.0M · 6K shares
$1.0M · 378K shares
$1.0M · 177K shares
$1.0M · 21K shares
$1.0M · 95K shares
$1.0M · 5K shares
$1.0M · 164K shares
$1.0M · 12K shares
$1.0M · 19K shares
$1.0M · 4K shares
$1.0M · 8K shares
$0 · 2K shares
$0 · 11K shares
$0 · 782 shares
$0 · 6K shares
$0 · 28K shares
$0 · 8K shares
$0 · 900 shares
$0 · 1K shares
$0 · 1K shares
$0 · 35K shares
$0 · 3K shares
$0 · 5K shares
$0 · 4K shares
$0 · 2K shares
$0 · 3K shares
$0 · 25K shares
$0 · 500 shares
$0 · 4K shares
$0 · 1K shares
$0 · 404 shares
$0 · 669 shares
$0 · 994 shares
$0 · 443 shares
$0 · 1K shares
$0 · 5K shares
$0 · 3K shares
$0 · 1K shares
$0 · 17K shares
$0 · 114K shares
$0 · 1K shares
$0 · 17K shares
$0 · 6K shares
$0 · 30K shares
$0 · 2K shares
$0 · 7K shares
$0 · 900 shares
$0 · 2K shares
$0 · 400 shares
$0 · 546 shares
$0 · 5K shares
$0 · 40K shares
$0 · 2K shares
$0 · 4K shares
$0 · 20K shares
$0 · 18K shares
$0 · 7K shares
$0 · 440 shares
$0 · 3K shares

Closed Positions (71)

$445.9M · 4.0M shares
$273.9M · 1.1M shares
$92.2M · 700K shares
$81.2M · 1.0M shares
$66.5M · 600K shares
$40.4M · 300K shares
$36.9M · 428K shares
$34.5M · 700K shares
$31.6M · 296K shares
$26.8M · 651K shares
$22.3M · 400K shares
$21.4M · 766K shares
$21.3M · 646K shares
$19.6M · 93K shares
WNS HLDGS LTD
$19.0M · 249K shares
$18.9M · 247K shares
$16.0M · 517K shares
$15.8M · 636K shares
$14.0M · 156K shares
$10.4M · 40K shares
$8.4M · 70K shares
$7.0M · 1.0M shares
$7.0M · 35K shares
$7.0M · 200K shares
$6.9M · 347K shares
$6.6M · 44K shares
$5.5M · 147K shares
$5.2M · 25K shares
$4.6M · 164K shares
$4.6M · 317K shares
$4.6M · 199K shares
$4.5M · 4K shares
$4.3M · 80K shares
$3.9M · 779K shares
$3.7M · 2K shares
$3.2M · 61K shares
$2.9M · 20K shares
$2.7M · 30K shares
$2.5M · 378K shares
$1.7M · 33K shares
$1.6M · 101K shares
$1.6M · 54K shares
$1.6M · 55K shares
$1.6M · 100K shares
$1.6M · 115K shares
$1.5M · 21K shares
$1.5M · 20K shares
$1.5M · 145K shares
$1.4M · 582 shares
$1.3M · 32K shares
$1.3M · 24K shares
$1.2M · 9K shares
$1.1M · 10K shares
$1.1M · 2K shares
$977K · 23K shares
$858K · 200 shares
$803K · 13K shares
$652K · 11K shares
$554K · 7K shares
$543K · 13K shares
$513K · 28K shares
$492K · 2K shares
$475K · 3K shares
$410K · 822 shares
$328K · 2K shares
$297K · 5K shares
$294K · 4K shares
$265K · 2K shares
$217K · 2K shares
$121K · 14K shares
$90K · 10K shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services72$14.0B71.5%
Technology73$2.3B11.7%
Consumer Cyclical42$942.0M4.8%
Communication Services22$769.0M3.9%
Unknown34$629.0M3.2%
Industrials39$247.0M1.3%
Energy14$220.0M1.1%
Healthcare33$195.0M1.0%
Utilities15$190.0M1.0%
Consumer Defensive13$70.0M0.4%
Basic Materials15$17.0M0.1%
Real Estate10$7.0M0.0%