Capula Management Ltd

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Capula Management Ltd maintained a portfolio of 950 distinct positions. The most significant new addition to the portfolio was SPDR S&P 500 ETF TR, which now represents 0.51% of the total fund value. They heavily accumulated shares in VANGUARD INDEX FDS, increasing their position by 1487852.0%. The fund also reduced its exposure to ISHARES TR by 94.1%.
PCA Score Concentration Risk
Risk ENB
Total Positions
950
Quarter
2025 Q4
Top Holding
VOO (37.4%)
Top 10 Concentration
68.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 950
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
VOO
VANGUARD INDEX ...
ETF 37.40% 0.00% #1 450
Prev: #451
9.0 11,902,816 1487852.0%
P
S
11,903,616 $7,465,114,703 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
ETF 19.34% 10.13% #2
Prev: #2
8.5 2,609,063 85.5%
P
S
5,662,177 $3,861,151,742 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
Bond/Debt 2.36% 3.07% #3 1
Prev: #4
2.4 -676 -0.0%
P
S
9,481,233 $470,743,219 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IVV
ISHARES TR
ETF 2.12% 34.77% #4 3
Prev: #1
1.3 -9,817,612 -94.1%
P
S
616,758 $422,442,225 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
PUT
PUT Option 1.42% 1.00% #5 9
Prev: #14
4.1 804,200 71.6%
P
S
1,928,000 $282,606,240 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SMH
VANECK ETF TRUS...
PUT
PUT Option 1.39% 0.68% #6 14
Prev: #20
3.6 353,400 84.6%
P
S
771,100 $277,696,243 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 1.06% 0.36% #7 36
Prev: #43
3.4 1,040,688 254.7%
P
S
1,449,316 $212,440,740 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ETHA
ISHARES ETHEREU...
ETF 1.04% 1.39% #8 4
Prev: #12
0.9 358,942 4.0%
P
S
9,227,427 $206,971,188 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IBM
INTERNATIONAL B...
PUT
PUT Option 1.01% 0.01% #9 256
Prev: #265
3.4 677,300 10420.0%
P
S
683,800 $202,548,398 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IBM
INTERNATIONAL B...
Technology 1.01% 0.00% #10 524
Prev: #534
3.4 680,054 66672.0%
P
S
681,074 $201,740,930 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
PUT
PUT Option 0.96% 0.28% #11 38
Prev: #49
3.4 381,100 163.6%
P
S
614,000 $192,182,000 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
INVESCO QQQ TR
CALL
CALL Option 0.95% 3.12% #12 9
Prev: #3
0.4 -735,000 -70.3%
P
S
310,000 $190,436,100 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
PUT
PUT Option 0.93% 0.52% #13 20
Prev: #33
3.4 1,198,600 111.6%
P
S
2,272,400 $185,677,804 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 0.93% 0.50% #14 21
Prev: #35
3.4 1,233,137 119.4%
P
S
2,265,665 $185,127,487 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EEM
ISHARES TR
CALL
CALL Option 0.84% 0.31% #15 31
Prev: #46
3.3 1,932,600 168.1%
P
S
3,082,600 $168,649,046 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
PUT
PUT Option 0.82% 0.21% #16 42
Prev: #58
3.3 190,100 323.9%
P
S
248,800 $164,230,392 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FBTC
FIDELITY WISE O...
Unknown 0.81% 1.05% #17 4
Prev: #13
1.3 no change no change
P
S
2,112,794 $161,058,286 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
PUT
PUT Option 0.78% 0.98% #18 3
Prev: #15
0.3 -198,000 -25.6%
P
S
576,300 $156,672,918 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 0.64% 0.05% #19 93
Prev: #112
3.3 368,590 987.3%
P
S
405,922 $127,053,586 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
PUT
PUT Option 0.58% 0.86% #20 3
Prev: #17
0.2 -304,700 -32.9%
P
S
620,900 $115,797,850 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QCOM
QUALCOMM INC
PUT
PUT Option 0.58% 0.04% #21 108
Prev: #129
3.2 629,500 1447.1%
P
S
673,000 $115,116,650 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
QCOM
QUALCOMM INC
Technology 0.56% 0.01% #22 332
Prev: #354
3.2 643,712 10237.2%
P
S
650,000 $111,182,500 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XOM
EXXON MOBIL COR...
PUT
PUT Option 0.53% 0.05% #23 87
Prev: #110
3.2 784,600 896.7%
P
S
872,100 $104,948,514 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SLV
ISHARES SILVER ...
PUT
PUT Option 0.51% 0.11% #24 47
Prev: #71
3.2 1,081,300 216.3%
P
S
1,581,300 $101,867,346 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
CALL
CALL Option 0.51% #25
Prev: #—
3.7 149,100 no change
NEW
149,100 $101,674,272 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CAT
CATERPILLAR INC
PUT
PUT Option 0.49% 0.01% #26 253
Prev: #279
3.2 168,800 4822.9%
P
S
172,300 $98,705,501 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CAT
CATERPILLAR INC
Industrials 0.49% 0.00% #27 531
Prev: #558
3.2 169,466 31735.2%
P
S
170,000 $97,387,900 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
COIN
COINBASE GLOBAL...
PUT
PUT Option 0.48% 0.89% #28 12
Prev: #16
0.7 -102,300 -19.3%
P
S
427,000 $96,561,780 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
XOM
EXXON MOBIL COR...
Energy 0.48% 0.01% #29 239
Prev: #268
3.2 786,478 5061.6%
P
S
802,016 $96,514,605 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COIN
COINBASE GLOBAL...
Financial Services 0.48% 0.84% #30 12
Prev: #18
0.7 -75,140 -15.0%
P
S
426,257 $96,393,759 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PYPL
PAYPAL HLDGS IN...
Financial Services 0.47% 0.01% #31 222
Prev: #253
3.2 1,588,752 5557.6%
P
S
1,617,339 $94,420,251 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PYPL
PAYPAL HLDGS IN...
PUT
PUT Option 0.47% 0.02% #32 150
Prev: #182
3.2 1,551,700 2634.5%
P
S
1,610,600 $94,026,828 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CEG
CONSTELLATION E...
PUT
PUT Option 0.45% 0.01% #33 177
Prev: #210
3.2 248,600 2995.2%
P
S
256,900 $90,755,063 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CEG
CONSTELLATION E...
Utilities 0.44% 0.00% #34 575
Prev: #609
3.2 249,386 40616.6%
P
S
250,000 $88,317,500 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DELL
DELL TECHNOLOGI...
PUT
PUT Option 0.44% 0.62% #35 12
Prev: #23
0.2 -184,000 -20.9%
P
S
695,500 $87,549,540 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DELL
DELL TECHNOLOGI...
Technology 0.44% 0.56% #36 9
Prev: #27
0.7 -105,420 -13.2%
P
S
694,686 $87,447,074 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSLA
TESLA INC
PUT
PUT Option 0.43% 0.48% #37 1
Prev: #36
0.7 -29,000 -13.3%
P
S
189,400 $85,176,968 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 0.42% 0.57% #38 12
Prev: #26
0.2 -139,346 -31.0%
P
S
309,743 $84,206,731 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
PUT
PUT Option 0.37% 0.19% #39 20
Prev: #59
3.1 50,900 86.9%
P
S
109,500 $74,670,240 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SMH
VANECK ETF TRUS...
CALL
CALL Option 0.36% 0.37% #40 2
Prev: #42
0.6 -30,000 -13.2%
P
S
197,700 $71,197,701 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FETH
FIDELITY ETHERE...
Unknown 0.31% 0.45% #41 3
Prev: #38
0.6 -100,226 -4.6%
P
S
2,074,703 $61,431,955 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APP
APPLOVIN CORP
PUT
PUT Option 0.30% 0.01% #42 268
Prev: #310
3.1 88,200 4410.0%
P
S
90,200 $60,778,564 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
APP
APPLOVIN CORP
Communication Services 0.30% 0.00% #43 456
Prev: #499
3.1 89,506 18118.6%
P
S
90,000 $60,643,800 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
INVESCO QQQ TR
PUT
PUT Option 0.30% 2.59% #44 37
Prev: #7
0.1 -767,000 -88.7%
P
S
98,000 $60,202,380 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
PUT
PUT Option 0.28% 0.55% #45 15
Prev: #30
0.1 -96,700 -45.4%
P
S
116,300 $56,245,006 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EEM
ISHARES TR
PUT
PUT Option 0.27% 0.09% #46 33
Prev: #79
3.1 633,000 180.9%
P
S
983,000 $53,779,930 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KRE
SPDR SERIES TRU...
CALL
CALL Option 0.26% 0.25% #47 5
Prev: #52
1.1 no change no change
P
S
800,000 $51,848,000 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 0.25% 0.56% #48 20
Prev: #28
0.1 -125,043 -55.6%
P
S
100,017 $50,273,545 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
PUT
PUT Option 0.25% 0.56% #49 20
Prev: #29
0.1 -125,000 -55.6%
P
S
100,000 $50,265,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 0.25% #51
Prev: #—
3.6 160,000 no change
NEW
160,000 $50,208,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 950 holdings

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