Capula Management Ltd Q3 2025 Filing
Filed November 14, 2025
Portfolio Value
$20.1T
Holdings
355
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (355 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | IVVISHARES TR | 10,434,370 | $7.0T | 34.77% | |
| 2 | SPYSPDR S&P 500 ETF TR | 3,111,714 | $2.1T | 10.32% | Put |
| 3 | NDQINVESCO QQQ TR | 2,440,580 | $1.5T | 7.29% | Put |
| 4 | MIGASTRATEGY INC | 3,542,648 | $1.1T | 5.68% | Put |
| 5 | UNHUNITEDHEALTH GROUP INC | 1,926,897 | $665.4B | 3.31% | Put |
| 6 | IBITISHARES BITCOIN TRUST ETF | 9,481,909 | $616.3B | 3.07% | |
| 7 | LQDISHARES TR | 4,000,000 | $445.9B | 2.22% | Call |
| 8 | COINCOINBASE GLOBAL INC | 1,054,797 | $356.0B | 1.77% | Put |
| 9 | AAPLAPPLE INC | 1,271,589 | $323.8B | 1.61% | Put |
| 10 | SMHVANECK ETF TRUST | 972,775 | $317.5B | 1.58% | Put |
| 11 | BABAALIBABA GROUP HLDG LTD | 1,646,428 | $294.3B | 1.47% | Put |
| 12 | ETHAISHARES ETHEREUM TR | 8,868,485 | $279.4B | 1.39% | |
| 13 | IWMISHARES TR | 1,132,000 | $273.9B | 1.36% | Put |
| 14 | NKENIKE INC | 3,527,497 | $246.0B | 1.22% | Put |
| 15 | DELLDELL TECHNOLOGIES INC | 1,681,306 | $238.4B | 1.19% | Put |
| 16 | AMATAPPLIED MATLS INC | 1,136,913 | $232.8B | 1.16% | Put |
| 17 | BRK/BBERKSHIRE HATHAWAY INC DEL | 450,060 | $226.3B | 1.13% | Put |
| 18 | NVDANVIDIA CORPORATION | 1,197,573 | $223.4B | 1.11% | Put |
| 19 | FBTCFIDELITY WISE ORIGIN BITCOIN | 2,112,794 | $210.9B | 1.05% | |
| 20 | UBERUBER TECHNOLOGIES INC | 2,109,528 | $206.7B | 1.03% | Put |
| 21 | COSTCOSTCO WHSL CORP NEW | 219,489 | $203.2B | 1.01% | Put |
| 22 | EEMISHARES TR | 2,975,934 | $158.9B | 0.79% | Put |
| 23 | TSLATESLA INC | 351,623 | $156.4B | 0.78% | Put |
| 24 | MSFTMICROSOFT CORP | 269,777 | $139.7B | 0.70% | Put |
| 25 | CRWDCROWDSTRIKE HLDGS INC | 209,065 | $102.5B | 0.51% | Put |
| 26 | SLVISHARES SILVER TR | 2,300,000 | $97.5B | 0.49% | Put |
| 27 | JPMJPMORGAN CHASE & CO. | 307,745 | $97.1B | 0.48% | Put |
| 28 | BIDUNBAIDU INC | 700,000 | $92.2B | 0.46% | Put |
| 29 | FETHFIDELITY ETHEREUM FD | 2,174,929 | $90.4B | 0.45% | |
| 30 | AMZNAMAZON COM INC | 407,148 | $89.4B | 0.45% | Put |
| 31 | AVGOBROADCOM INC | 250,185 | $82.5B | 0.41% | Put |
| 32 | HYGISHARES TR | 1,000,000 | $81.2B | 0.40% | Put |
| 33 | GSGOLDMAN SACHS GROUP INC | 94,129 | $75.0B | 0.37% | Put |
| 34 | GOOGLALPHABET INC | 300,532 | $73.1B | 0.36% | Put |
| 35 | XHBSPDR SERIES TRUST | 600,000 | $66.5B | 0.33% | Call |
| 36 | GQ9SPDR GOLD TR | 185,427 | $65.9B | 0.33% | Call |
| 37 | METAMETA PLATFORMS INC | 79,780 | $58.6B | 0.29% | Put |
| 38 | KWEBKRANESHARES TRUST | 1,224,739 | $51.5B | 0.26% | Call |
| 39 | LVLNSPDR SERIES TRUST | 800,000 | $50.6B | 0.25% | Call |
| 40 | STZCONSTELLATION BRANDS INC | 300,151 | $40.4B | 0.20% | Put |
| 41 | ARKKARK ETF TR | 427,872 | $36.9B | 0.18% | Put |
| 42 | CYBRCYBERARK SOFTWARE LTD | 72,333 | $34.9B | 0.17% | |
| 43 | ONON SEMICONDUCTOR CORP | 700,000 | $34.5B | 0.17% | Put |
| 44 | VRNAVERONA PHARMA PLC | 295,665 | $31.6B | 0.16% | |
| 45 | DAYDAYFORCE INC | 407,000 | $28.0B | 0.14% | |
| 46 | FXIISHARES TR | 651,215 | $26.8B | 0.13% | Call |
| 47 | AMDADVANCED MICRO DEVICES INC | 159,905 | $25.9B | 0.13% | Put |
| 48 | A4SAMERIPRISE FINL INC | 50,400 | $24.8B | 0.12% | Put |
| 49 | NFLXNETFLIX INC | 19,915 | $23.9B | 0.12% | Put |
| 50 | BFHBREAD FINANCIAL HOLDINGS INC | 400,000 | $22.3B | 0.11% | Put |
| 51 | LBRDKLIBERTY BROADBAND CORP | 349,413 | $22.2B | 0.11% | |
| 52 | PLTRPALANTIR TECHNOLOGIES INC | 119,541 | $21.8B | 0.11% | Put |
| 53 | IPGINTERPUBLIC GROUP COS INC | 766,433 | $21.4B | 0.11% | |
| 54 | ASHRDBX ETF TR | 646,096 | $21.3B | 0.11% | Call |
| 55 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 72,700 | $20.3B | 0.10% | Put |
| 56 | FYBRFRONTIER COMMUNICATIONS PARE | 536,045 | $20.0B | 0.10% | |
| 57 | ABBVABBVIE INC | 85,649 | $19.8B | 0.10% | Put |
| 58 | 07WAMR COOPER GROUP INC | 93,068 | $19.6B | 0.10% | |
| 59 | —WNS HLDGS LTD | 248,926 | $19.0B | 0.09% | |
| 60 | GDXVANECK ETF TRUST | 247,108 | $18.9B | 0.09% | Put |
| 61 | EWZISHARES INC | 516,564 | $16.0B | 0.08% | Put |
| 62 | MUMICRON TECHNOLOGY INC | 95,157 | $15.9B | 0.08% | Put |
| 63 | INFA1EURINFORMATICA INC | 636,078 | $15.8B | 0.08% | |
| 64 | EVRG 4.5 12/15/27EVERGY INC | 12,500 | $15.7B | 0.08% | |
| 65 | CVXCHEVRON CORP NEW | 95,649 | $14.9B | 0.07% | Put |
| 66 | LLYELI LILLY & CO | 18,921 | $14.4B | 0.07% | Put |
| 67 | INTCINTEL CORP | 428,100 | $14.4B | 0.07% | Put |
| 68 | VVISA INC | 41,204 | $14.1B | 0.07% | Put |
| 69 | TLTISHARES TR | 156,181 | $14.0B | 0.07% | Put |
| 70 | HDHOME DEPOT INC | 32,401 | $13.1B | 0.07% | Put |
| 71 | MAMASTERCARD INCORPORATED | 22,084 | $12.6B | 0.06% | Put |
| 72 | XOMEXXON MOBIL CORP | 110,638 | $12.5B | 0.06% | Put |
| 73 | QCOMQUALCOMM INC | 73,588 | $12.2B | 0.06% | Put |
| 74 | WMTWALMART INC | 115,686 | $11.9B | 0.06% | Put |
| 75 | ORCLORACLE CORP | 42,288 | $11.9B | 0.06% | Put |
| 76 | BACBANK AMERICA CORP | 224,285 | $11.6B | 0.06% | Put |
| 77 | PDDPDD HOLDINGS INC | 86,200 | $11.4B | 0.06% | Put |
| 78 | LRCXLAM RESEARCH CORP | 79,378 | $10.6B | 0.05% | Put |
| 79 | OIHVANECK ETF TRUST | 40,000 | $10.4B | 0.05% | Put |
| 80 | JNJJOHNSON & JOHNSON | 54,389 | $10.1B | 0.05% | Put |
| 81 | PGPROCTER AND GAMBLE CO | 64,739 | $9.9B | 0.05% | Put |
| 82 | ADIANALOG DEVICES INC | 40,271 | $9.9B | 0.05% | Put |
| 83 | TXNTEXAS INSTRS INC | 52,445 | $9.6B | 0.05% | Put |
| 84 | KLACKLA CORP | 8,798 | $9.5B | 0.05% | Put |
| 85 | NWSANEWS CORP NEW | 292,082 | $9.0B | 0.04% | |
| 86 | RHCRH PLC | 69,876 | $8.4B | 0.04% | |
| 87 | ASMLASML HOLDING N V | 8,600 | $8.3B | 0.04% | Put |
| 88 | ADSKAUTODESK INC | 25,480 | $8.1B | 0.04% | Put |
| 89 | BAMBROOKFIELD ASSET MANAGMT LTD | 126,868 | $7.8B | 0.04% | |
| 90 | PANWPALO ALTO NETWORKS INC | 36,971 | $7.5B | 0.04% | Put |
| 91 | MRVLMARVELL TECHNOLOGY INC | 87,939 | $7.4B | 0.04% | Put |
| 92 | ETNEATON CORP PLC | 19,614 | $7.3B | 0.04% | Put |
| 93 | ASXASE TECHNOLOGY HLDG CO LTD | 650,494 | $7.2B | 0.04% | |
| 94 | DWDMORGAN STANLEY | 44,467 | $7.1B | 0.04% | Put |
| 95 | CIOCITY OFFICE REIT INC | 1,012,582 | $7.0B | 0.04% | |
| 96 | GTLSCHART INDS INC | 35,000 | $7.0B | 0.03% | |
| 97 | JDJD.COM INC | 200,000 | $7.0B | 0.03% | Call |
| 98 | CVSCVS HEALTH CORP | 92,536 | $7.0B | 0.03% | Put |
| 99 | MLNKMERIDIANLINK INC | 346,952 | $6.9B | 0.03% | |
| 100 | TMUST-MOBILE US INC | 28,185 | $6.7B | 0.03% | Put |
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