Capula Management Ltd
Institutional investor · Portfolio as of Q2 2025
Top Holdings629 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
ISHARES CORE S&P 500 ETF | 7.7M | $4.8B | 44.2% | $552.75 | +10.98% | 2 qtrssince 2025-Q1 | Decreased 0 |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 3.2M | $2B | 18.3% | $577.26 | +5.91% | 26 qtrssince 2019-Q1 | Increased 85 |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 1.5M | $808.2M | 7.5% | — | — | — | Increased — |
ISHARES BITCOIN TRUST | 9.5M | $580.3M | 5.4% | $40.60 | +49.54% | 5 qtrssince 2024-Q2 | Increased 74 |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 655,000 | $361.3M | 3.4% | — | — | — | Increased — |
VANECK SEMICONDUCTOR ETF | 677,700 | $189M | 1.8% | — | — | — | Increased — |
VANECK SEMICONDUCTOR ETF | 592,700 | $165.3M | 1.5% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 266,518 | $147M | 1.4% | $532.96 | +2.59% | 15 qtrssince 2021-Q4 | Increased 77 |
ISHARES MSCI EMERGING MARKETS INDEX FUND | 3M | $145.1M | 1.3% | — | — | — | Increased — |
FIDELITY WISE ORIGIN BITCOIN | 1.5M | $140.7M | 1.3% | $54.97 | +69.71% | 5 qtrssince 2024-Q2 | Decreased 0 |
ISHARES RUSSELL 2000 ETF ETF | 480,000 | $103.6M | 1.0% | — | — | — | New — |
ISHARES ETHEREUM TRUST ETF | 5.4M | $102.1M | 0.9% | $16.88 | +8.24% | 2 qtrssince 2025-Q1 | Increased 68 |
ISHR IBX USD HIYLD CB ETF-UI | 1.3M | $100.8M | 0.9% | — | — | — | Decreased — |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 148,000 | $91.4M | 0.8% | — | — | — | Increased — |
SPDR SERIES TRUST | 1.2M | $72.3M | 0.7% | — | — | — | New — |
ISHARES SILVER TRUST | 1.6M | $51.5M | 0.5% | — | — | — | Increased — |
SPDR GOLD TRUST | 150,000 | $45.7M | 0.4% | — | — | — | Increased — |
FIDELITY ETHEREUM FD | 1.8M | $45.2M | 0.4% | $19.09 | +26.42% | 2 qtrssince 2025-Q1 | Increased 38 |
KELLANOVA | 410,000 | $32.6M | 0.3% | $77.90 | — | 4 qtrssince 2024-Q3 | Increased 56 |
BROADCOM INC | 94,800 | $26.1M | 0.2% | — | — | — | Decreased — |
Capula Management Ltd manages $10.8B across 629 positions as of Q2 2025. Top holdings: IVV (44.2%), SPY (18.3%), QQQ (7.5%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 1.5/5.0.
Active quarter - 88 new positions, 213 exits, 47 increased. Top move: SPY (INCREASED, conviction 85). Portfolio: $10.8B across 629 positions.
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Portfolio allocation by GICS sector
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Position Outcomes
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer