Fund Holdings

Capula Management Ltd

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
ISHARES TR7,658,14510,434,370+2,776,2254,754,942,2316,983,723,84051.95%+2,228,781,609
STRATEGY INC(MSTR)(Put)10,0001,769,800+1,759,8004,042,300570,247,258+566,204,958
STRATEGY INC(MSTR)5671,756,048+1,755,481229,198565,816,2264.21%+565,587,028
ISHARES TR(Call)04,000,000+4,000,0000445,880,000+445,880,000
UNITEDHEALTH GROUP INC(UNH)(Put)0963,800+963,8000332,800,140+332,800,140
UNITEDHEALTH GROUP INC(UNH)96961,097+961,00129,949331,866,7952.47%+331,836,846
ALIBABA GROUP HLDG LTD(BABA)(Put)01,123,800+1,123,8000200,856,774+200,856,774
APPLE INC(AAPL)(Put)45,200774,300+729,1009,273,684197,160,009+187,886,325
COINBASE GLOBAL INC(COIN)(Put)0529,300+529,3000178,633,457+178,633,457
ISHARES ETHEREUM TR(ETHA)5,354,8008,868,485+3,513,685102,116,036279,445,9622.08%+177,329,926
INVESCO QQQ TR266,518530,580+264,062147,021,990318,544,3142.37%+171,522,324
COINBASE GLOBAL INC(COIN)0501,397+501,3970169,216,4741.26%+169,216,474
NVIDIA CORPORATION(NVDA)(Put)89,800925,600+835,80014,187,502172,698,448+158,510,946
INVESCO QQQ TR(Put)655,000865,000+210,000361,324,200519,320,050+157,995,850
ISHARES TR(Put)0587,000+587,0000142,030,520+142,030,520
DELL TECHNOLOGIES INC(DELL)(Put)0879,500+879,5000124,686,715+124,686,715
APPLIED MATLS INC(Put)2,400609,100+606,700439,368124,707,134+124,267,766
NIKE INC(NKE)(Put)3,0001,764,400+1,761,400213,120123,031,612+122,818,492
NIKE INC(NKE)201,750,797+1,750,7771,421122,083,0750.91%+122,081,654
DELL TECHNOLOGIES INC(DELL)0800,106+800,1060113,431,0270.84%+113,431,027
BERKSHIRE HATHAWAY INC DEL0225,060+225,0600113,146,6640.84%+113,146,664
BERKSHIRE HATHAWAY INC DEL(Put)0225,000+225,0000113,116,500+113,116,500
APPLE INC(AAPL)17,233449,089+431,8563,535,695114,351,5310.85%+110,815,836
VANECK ETF TRUST5,208327,375+322,1671,452,407106,842,1050.79%+105,389,698
UBER TECHNOLOGIES INC(UBER)(Put)4,5001,073,800+1,069,300419,850105,200,186+104,780,336
COSTCO WHSL CORP NEW(COST)(Put)1,100114,100+113,0001,088,934105,614,383+104,525,449
APPLIED MATLS INC411509,913+509,50275,242104,399,5890.78%+104,324,347
UBER TECHNOLOGIES INC(UBER)01,032,528+1,032,5280101,156,7680.75%+101,156,768
MICROSOFT CORP(MSFT)(Put)29,500213,000+183,50014,673,595110,323,350+95,649,755
COSTCO WHSL CORP NEW(COST)223103,389+103,166220,75795,699,9610.71%+95,479,204
TESLA INC(TSLA)(Put)41,000218,400+177,40013,024,06097,126,848+84,102,788
FIDELITY WISE ORIGIN BITCOIN(FBTC)1,497,1742,112,794+615,620140,719,384210,877,9691.57%+70,158,585
ALIBABA GROUP HLDG LTD(BABA)26,402408,628+382,2262,994,25173,034,0820.54%+70,039,831
SPDR SERIES TRUST(Call)0600,000+600,000066,480,000+66,480,000
SPDR S&P 500 ETF TR(SPY)3,185,1233,053,114-132,0091,967,928,2462,033,923,48515.13%+65,995,239
AMAZON COM INC(AMZN)(Put)27,700305,500+277,8006,077,10367,078,635+61,001,532
ISHARES TR418,7861,475,934+1,057,14820,202,23778,814,8750.59%+58,612,638
JPMORGAN CHASE & CO.(JPM)(Put)7,100184,300+177,2002,058,36158,133,749+56,075,388
CROWDSTRIKE HLDGS INC(CRWD)(Put)500106,500+106,000254,65552,225,470+51,970,815
SPDR SERIES TRUST(Call)0800,000+800,000050,640,000+50,640,000
KRANESHARES TRUST(Call)01,200,000+1,200,000050,412,000+50,412,000
CROWDSTRIKE HLDGS INC(CRWD)0101,065+101,065049,560,2540.37%+49,560,254
ALPHABET INC(GOOG)(Put)58,600232,900+174,30010,327,07856,617,990+46,290,912
BAIDU INC(Put)0350,000+350,000046,119,500+46,119,500
FIDELITY ETHEREUM FD1,796,1962,174,929+378,73345,210,25390,368,3000.67%+45,158,047
BAIDU INC27,158350,000+322,8422,329,07046,119,5000.34%+43,790,430
TESLA INC(TSLA)20,266110,723+90,4576,437,69849,240,7300.37%+42,803,032
META PLATFORMS INC(META)(Put)5,80058,700+52,9004,280,92243,108,106+38,827,184
GOLDMAN SACHS GROUP INC(GS)(Put)90047,800+46,900636,97538,065,530+37,428,555
GOLDMAN SACHS GROUP INC(GS)(Call)30045,500+45,200212,32536,233,925+36,021,600
ISHARES BITCOIN TRUST ETF(IBIT)9,481,2339,481,909+676580,346,272616,324,0854.58%+35,977,813
JPMORGAN CHASE & CO.(JPM)(Call)3,200114,800+111,600927,71236,211,364+35,283,652
CYBERARK SOFTWARE LTD072,333+72,333034,947,6890.26%+34,947,689
ARK ETF TR(Call)0400,000+400,000034,520,000+34,520,000
BROADCOM INC(AVGO)(Put)94,800177,200+82,40026,131,62058,460,052+32,328,432
VERONA PHARMA PLC0295,665+295,665031,550,4120.23%+31,550,412
NVIDIA CORPORATION(NVDA)(Call)49,100197,300+148,2007,757,30936,812,234+29,054,925
ISHARES TR(Call)480,000545,000+65,000103,579,200131,868,200+28,289,000
DAYFORCE INC0407,000+407,000028,038,2300.21%+28,038,230
ISHARES SILVER TR(SLV)(Call)1,570,0001,800,000+230,00051,511,70076,266,000+24,754,300
ISHARES SILVER TR(SLV)(Put)0500,000+500,000021,185,000+21,185,000
ALIBABA GROUP HLDG LTD(BABA)(Call)0114,000+114,000020,375,220+20,375,220
CONSTELLATION BRANDS INC(STZ)0150,151+150,151020,220,8350.15%+20,220,835
CONSTELLATION BRANDS INC(STZ)(Put)0150,000+150,000020,200,500+20,200,500
LIBERTY BROADBAND CORP(LBRDA)23,846349,413+325,5672,196,11422,201,7020.17%+20,005,588
DBX ETF TR(Call)0600,000+600,000019,788,000+19,788,000
MR COOPER GROUP INC093,068+93,068019,617,8040.15%+19,617,804
WNS HLDGS LTD0248,926+248,926018,985,5860.14%+18,985,586
ISHARES TR(Put)0350,000+350,000018,690,000+18,690,000
ON SEMICONDUCTOR CORP(ON)(Put)0350,000+350,000017,258,500+17,258,500
ON SEMICONDUCTOR CORP(ON)0350,000+350,000017,258,5000.13%+17,258,500
ABBVIE INC(ABBV)(Put)3,90074,100+70,200723,91817,157,114+16,433,196
NETFLIX INC(NFLX)(Put)1,10014,700+13,6001,473,04317,624,124+16,151,081
INFORMATICA INC0636,078+636,078015,800,1780.12%+15,800,178
AMAZON COM INC(AMZN)071,348+71,348015,665,8810.12%+15,665,881
INTERPUBLIC GROUP COS INC269,625766,433+496,8086,600,42021,391,1450.16%+14,790,725
NVIDIA CORPORATION(NVDA)074,673+74,673013,932,4880.10%+13,932,488
MICROSOFT CORP(MSFT)025,577+25,577013,247,6070.10%+13,247,607
ADVANCED MICRO DEVICES INC(AMD)(Put)25,000102,700+77,7003,547,50016,615,833+13,068,333
PALANTIR TECHNOLOGIES INC(PLTR)(Put)34,60097,300+62,7004,716,67217,749,466+13,032,794
SPDR GOLD TR(GLD)035,427+35,427012,593,2360.09%+12,593,236
AMERIPRISE FINL INC(AMP)(Put)025,200+25,200012,379,500+12,379,500
AMERIPRISE FINL INC(AMP)025,100+25,100012,330,3750.09%+12,330,375
BREAD FINANCIAL HOLDINGS INC(Put)0200,000+200,000011,154,000+11,154,000
BREAD FINANCIAL HOLDINGS INC0200,000+200,000011,154,0000.08%+11,154,000
ELI LILLY & CO(LLY)(Put)1,90015,900+14,0001,481,10712,131,700+10,650,593
INTEL CORP(INTC)(Call)5,000307,600+302,600112,00010,319,980+10,207,980
MICRON TECHNOLOGY INC(MU)(Put)3,00063,100+60,100369,75010,557,892+10,188,142
BROADCOM INC(AVGO)030,785+30,785010,156,2800.08%+10,156,280
VISA INC(V)(Put)4,10033,400+29,3001,455,70511,402,092+9,946,387
EVERGY INC(EVRG)0005,825,75015,721,1250.12%+9,895,375
HOME DEPOT INC(HD)(Put)4,20026,300+22,1001,539,88810,656,497+9,116,609
WALMART INC(WMT)(Put)11,50098,100+86,6001,124,47010,110,186+8,985,716
MASTERCARD INCORPORATED(MA)(Put)2,10017,600+15,5001,180,07410,011,056+8,830,982
TESLA INC(TSLA)(Call)3,90022,500+18,6001,238,87410,006,200+8,767,326
EXXON MOBIL CORP(Put)10,60087,500+76,9001,142,6809,865,625+8,722,945
ORACLE CORP(ORCL)(Put)5,00033,700+28,7001,093,1509,477,788+8,384,638
APPLE INC(AAPL)(Call)19,40048,200+28,8003,980,29812,273,166+8,292,868
CHEVRON CORP NEW(CVX)(Put)13,90065,900+52,0001,990,34110,233,611+8,243,270
COINBASE GLOBAL INC(COIN)(Call)024,100+24,10008,133,509+8,133,509
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