Capula Management Ltd

Q4 2025 13F-HR Holdings

Location
Grand Cayman, E9
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
810
Total value ($000)
$19,962,588
Net value change ($000)
-123,816 (-0.6%)
New positions
92
Sold out positions
86
Turnover %
7.8%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VOO 7,464,625 1523392.9%
SPY 1,827,229 89.8%
IBM 201,453 69949.0%
BABA 139,407 190.9%
GOOGL 117,979 1300.0%
QCOM 110,137 10529.3%
CAT 97,133 38091.4%
XOM 94,763 5408.8%
PYPL 92,503 4825.4%
CEG 88,116 43621.8%
Top Reduces (Value $000, Stocks/ETFs)
IVV -6,561,282 -94.0%
MSTR -546,627 -96.6%
UNH -331,867 -100.0%
QQQ -271,491 -85.2%
IBIT -145,581 -23.6%
AMAT -104,165 -99.8%
SMH -94,654 -88.6%
COST -94,168 -98.4%
NKE -81,142 -66.5%
COIN -72,822 -43.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 4,555,349 (22.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type