Capula Management Ltd
Institutional investor · Portfolio as of Q3 2025
Top Holdings793 positions
iShares Core S&P 500 ETF | 10.4M | $7B | 34.8% | $581.08 | +13.83% | 3 qtrssince 2025-Q1 | Increased 81 |
SPDR S&P 500 ETF Trust | 3.1M | $2B | 10.1% | $573.70 | +14.88% | 27 qtrssince 2019-Q1 | Decreased 0 |
Invesco QQQ Trust Series 1 | 1M | $627.4M | 3.1% | — | — | — | Decreased — |
ISHARES BITCOIN TRUST ETF | 9.5M | $616.3M | 3.1% | $39.32 | +65.32% | 6 qtrssince 2024-Q2 | Increased 58 |
MicroStrategy Inc | 1.8M | $570.2M | 2.8% | — | — | — | Increased — |
MicroStrategy Inc | 1.8M | $565.8M | 2.8% | $322.20 | 0.00% | 4 qtrssince 2024-Q4 | Increased 87 |
Invesco QQQ Trust Series 1 | 865,000 | $519.3M | 2.6% | — | — | — | Increased — |
iShares iBoxx $ Investment Grade Corporate Bond ET | 4M | $445.9M | 2.2% | — | — | — | New — |
UnitedHealth Group Inc | 963,800 | $332.8M | 1.7% | — | — | — | New — |
UnitedHealth Group Inc | 961,097 | $331.9M | 1.7% | $336.36 | 0.00% | 4 qtrssince 2024-Q4 | Increased 79 |
Invesco QQQ Trust Series 1 | 530,580 | $318.5M | 1.6% | $565.31 | +5.78% | 16 qtrssince 2021-Q4 | Increased 79 |
ISHARES ETHEREUM TR | 8.9M | $279.4M | 1.4% | $22.76 | +39.37% | 3 qtrssince 2025-Q1 | Increased 71 |
FIDELITY WISE ORIGIN BITCOIN | 2.1M | $210.9M | 1.0% | $68.03 | +46.71% | 6 qtrssince 2024-Q2 | Increased 64 |
Alibaba Group Holding Ltd | 1.1M | $200.9M | 1.0% | — | — | — | New — |
Apple Inc | 774,300 | $197.2M | 1.0% | — | — | — | Increased — |
Coinbase Global Inc | 529,300 | $178.6M | 0.9% | — | — | — | New — |
NVIDIA Corp | 925,600 | $172.7M | 0.9% | — | — | — | Increased — |
Coinbase Global Inc | 501,397 | $169.2M | 0.8% | $337.49 | 0.00% | 1 qtr | New 59 |
iShares Russell 2000 ETF | 587,000 | $142M | 0.7% | — | — | — | New — |
VanEck Vectors Semiconductor ETF | 417,700 | $136.3M | 0.7% | — | — | — | Decreased — |
Capula Management Ltd manages $20.1B across 793 positions as of Q3 2025. Top holdings: IVV (34.8%), SPY (10.1%), QQQ calls (3.1%). Fund DNA: Momentum Trader. HoldingsIntel Score: 2/5.0.
Active quarter - 157 new positions, 95 exits, 99 increased. Top move: MSTR (INCREASED, conviction 87). Portfolio: $20.1B across 793 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
Similar Funds
Funds with similar investing DNA
Explore More
Accumulation Streaks
Positions with 2+ consecutive quarters of increases - persistent directional conviction.
Continue exploring
Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR