Capula Management Ltd

CIK: 0001557017SEC EDGAR →

Portfolio Value

$20.0B

Holdings

382

As of

Q4 2025

New Positions

353

Closed Positions

0

Top 10 Holdings

RankStockSharesValue% of Portfolio
1
BABAPut

ALIBABA GROUP HLDG LTD

3,377,316$491.0M
2.46%
2
IBIT

ISHARES BITCOIN TRUST ETF

9,481,233$470.0M
2.35%
3
IBMPut

INTERNATIONAL BUSINESS MACHS

1,366,574$401.0M
2.01%
4
UBERPut

UBER TECHNOLOGIES INC

4,542,865$368.0M
1.84%
5
SMHPut

VANECK ETF TRUST

1,002,644$360.0M
1.80%
6
GOOGLPut

ALPHABET INC

1,047,122$323.0M
1.62%
7
EEMPut

ISHARES TR

4,727,718$256.0M
1.28%
8
AAPLPut

APPLE INC

925,543$247.0M
1.24%
9
QCOMPut

QUALCOMM INC

1,343,900$226.0M
1.13%
10
ETHA

ISHARES ETHEREUM TR

9,227,427$206.0M
1.03%

Quarterly Changes

Top Buys

IBM↑ Increased
$398.4M
GOOGL↑ Increased
$249.9M
QCOM↑ Increased
$213.8M
BABA↑ Increased
$196.7M
XOM↑ Increased
$188.5M

Top Sells

MIGA↓ Decreased
$1.1B
UNH↓ Decreased
$665.4M
LQDCLOSED
$445.9M
IWMCLOSED
$273.9M
AMAT↓ Decreased
$209.8M

New Positions (98)

GOOG
$100.0M · 320K shares
WBD
$81.0M · 2.9M shares
JD
$76.0M · 2.7M shares
SMCI
$44.0M · 1.6M shares
EXAS
$41.0M · 413K shares
XME
$41.0M · 400K shares
ASTS
$29.0M · 443K shares
RNA
$27.0M · 390K shares
FXI
$27.0M · 732K shares
EA
$27.0M · 132K shares
DLTR
$24.0M · 220K shares
SEE
$23.0M · 566K shares
ARKK
$23.0M · 300K shares
INDA
$21.0M · 411K shares
TLT
$17.0M · 200K shares
LVS
$16.0M · 300K shares
LULU
$16.0M · 80K shares
AHL
$16.0M · 446K shares
KVUE
$15.0M · 946K shares
AL
$15.0M · 244K shares
NSC
$14.0M · 50K shares
HOLX
$14.0M · 196K shares
NGD
$11.0M · 1.4M shares
CFLT
$7.0M · 247K shares
TECK/B
$6.0M · 140K shares
NOVT 6.5 11/01/28
$6.0M · 220K shares
SO 7.125 12/15/28 A
$5.0M · 222K shares
HAL
$4.0M · 180K shares
HUM
$4.0M · 22K shares
CDE
$3.0M · 172K shares
7HP
$3.0M · 198K shares
JAMF
$3.0M · 260K shares
1RG
$3.0M · 60K shares
SUI
$2.0M · 21K shares
CPNG
$2.0M · 85K shares
PLYM
$2.0M · 102K shares
CWAN
$2.0M · 124K shares
DKNG
$2.0M · 78K shares
IWF
$1.0M · 4K shares
PBR
$1.0M · 164K shares
SHOP
$1.0M · 12K shares
CDTX
$1.0M · 6K shares
SEMR
$1.0M · 95K shares
GDX
$1.0M · 19K shares
XRX 3.75 03/15/30
$1.0M · 5K shares
SNAP
$1.0M · 177K shares
XLFI
$1.0M · 21K shares
PFSI
$1.0M · 8K shares
EB
$1.0M · 378K shares
DBX 0 03/01/28
$12K · 13K shares
VMC
$0 · 2K shares
PATH
$0 · 11K shares
MLM
$0 · 782 shares
CMC
$0 · 6K shares
CAG
$0 · 28K shares
BYD
$0 · 8K shares
CI
$0 · 900 shares
RL
$0 · 1K shares
CIEN
$0 · 1K shares
EQX
$0 · 35K shares
VIK
$0 · 3K shares
IWN
$0 · 5K shares
EIX
$0 · 4K shares
RSG
$0 · 2K shares
CTSH
$0 · 3K shares
INFY
$0 · 25K shares
HCA
$0 · 500 shares
SRE
$0 · 4K shares
AJG
$0 · 1K shares
MCO
$0 · 404 shares
LITE
$0 · 669 shares
SNDK
$0 · 994 shares
CW
$0 · 443 shares
EXP
$0 · 1K shares
K6B
$0 · 5K shares
KNF
$0 · 3K shares
HWM
$0 · 1K shares
FRSH
$0 · 17K shares
ADT
$0 · 114K shares
DASH
$0 · 1K shares
ASAN
$0 · 17K shares
IREN
$0 · 6K shares
AM6
$0 · 30K shares
WELL
$0 · 2K shares
BK
$0 · 7K shares
AON
$0 · 900 shares
JCI
$0 · 2K shares
IDXX
$0 · 400 shares
VMI
$0 · 546 shares
ARES
$0 · 5K shares
BB
$0 · 40K shares
ZTS
$0 · 2K shares
NEM
$0 · 4K shares
AMPL
$0 · 20K shares
PCG
$0 · 18K shares
XBI
$0 · 7K shares
CASY
$0 · 440 shares
FTNT
$0 · 3K shares

Closed Positions (71)

LQD
$445.9M · 4.0M shares
IWM
$273.9M · 1.1M shares
BIDUN
$92.2M · 700K shares
HYG
$81.2M · 1.0M shares
XHB
$66.5M · 600K shares
STZ
$40.4M · 300K shares
ARKK
$36.9M · 428K shares
ON
$34.5M · 700K shares
VRNA
$31.6M · 296K shares
FXI
$26.8M · 651K shares
BFH
$22.3M · 400K shares
IPG
$21.4M · 766K shares
ASHR
$21.3M · 646K shares
07WA
$19.6M · 93K shares
WNS
$19.0M · 249K shares
GDX
$18.9M · 247K shares
EWZ
$16.0M · 517K shares
INFA1EUR
$15.8M · 636K shares
TLT
$14.0M · 156K shares
OIH
$10.4M · 40K shares
RH
$8.4M · 70K shares
CIO
$7.0M · 1.0M shares
GTLS
$7.0M · 35K shares
JD
$7.0M · 200K shares
MLNK
$6.9M · 347K shares
SHOP
$6.6M · 44K shares
DKNG
$5.5M · 147K shares
IVE
$5.2M · 25K shares
CWEN
$4.6M · 164K shares
37M
$4.6M · 317K shares
PRO
$4.6M · 199K shares
XLF
$4.3M · 80K shares
UAA
$3.9M · 779K shares
INDA
$3.2M · 61K shares
CIEN
$2.9M · 20K shares
XLE
$2.7M · 30K shares
HN9
$2.5M · 378K shares
UHAL/B
$1.7M · 33K shares
INFY
$1.6M · 101K shares
IBN
$1.6M · 54K shares
BTSG
$1.6M · 55K shares
NU
$1.6M · 100K shares
GTX
$1.6M · 115K shares
URBN
$1.5M · 21K shares
NTNX
$1.5M · 20K shares
AMRX
$1.5M · 145K shares
MLB1
$1.4M · 582 shares
VITL
$1.3M · 32K shares
CBZ
$1.3M · 24K shares
LEN
$1.2M · 9K shares
NBIS
$1.1M · 10K shares
AXON
$1.1M · 2K shares
BATRA
$977K · 23K shares
AZO
$858K · 200 shares
TECK/B
$803K · 13K shares
COPX
$652K · 11K shares
EWJ
$554K · 7K shares
KSA
$543K · 13K shares
CAG
$513K · 28K shares
STX
$492K · 2K shares
SDY
$475K · 3K shares
ROP
$410K · 822 shares
MRSH
$328K · 2K shares
RRR
$297K · 5K shares
FIS
$294K · 4K shares
CRCL
$265K · 2K shares
FISV
$217K · 2K shares
75Z
$121K · 14K shares
PTON
$90K · 10K shares
CSGS 3.875 09/15/28
$4K · 4K shares
BABA 0.5 06/01/31
$4K · 2K shares

Sector Breakdown

Sector# HoldingsValue%
Technology73$2.2B32.0%
Financial Services72$2.1B31.3%
Consumer Cyclical42$937.0M13.9%
Communication Services22$566.2M8.4%
Unknown34$235.4M3.5%
Energy14$220.0M3.3%
Utilities15$189.0M2.8%
Healthcare33$185.0M2.7%
Consumer Defensive13$63.0M0.9%
Industrials39$55.2M0.8%
Basic Materials15$17.0M0.3%
Real Estate10$5.0M0.1%