Filed: 11/14/2025ACC: 0001172661-25-005004
📋 What this filing means
CAPULA MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 355 equity positions with a total reported market value of $20.09B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
355
Positions
$20.09B
Total AUM (reported)
97.34M
Total Shares
Allocation by class
CORE S&P500 ETF$6.98B34.8%
COM$3.24B16.1%
TR UNIT$2.07B10.3%
UNIT SER 1$1.47B7.3%
CL A NEW$1.14B5.7%
SHS$635.01M3.2%
SHS BEN INT$616.32M3.1%
Portfolio Concentration
Top 3$10.52B52.4%
4–10$3.87B19.2%
11–25$3.19B15.9%
Rest$2.51B12.5%
Top 3 weight
52.4%
Top 10 weight
71.6%
Voting Authority Distribution
Total shares with voting rights: 97.34M
Sole
Full voting authority
97.34M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other355
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings355
Rows:
ISHARES TR
DFNDShares10.43M
TypeSH
Market value$6.98B
34.77%
Sole
10.43M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
DFNDShares3.11M
TypeSH
Market value$2.07B
10.32%
Sole
3.11M
Shared
0.00
None
0.00
INVESCO QQQ TR
DFNDShares2.44M
TypeSH
Market value$1.47B
7.29%
Sole
2.44M
Shared
0.00
None
0.00
STRATEGY INC
DFNDShares3.54M
TypeSH
Market value$1.14B
5.68%
Sole
3.54M
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
DFNDShares1.93M
TypeSH
Market value$665.36M
3.31%
Sole
1.93M
Shared
0.00
None
0.00
ISHARES BITCOIN TRUST ETF
DFNDShares9.48M
TypeSH
Market value$616.32M
3.07%
Sole
9.48M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares4M
TypeSH
Market value$445.88M
2.22%
Sole
4M
Shared
0.00
None
0.00
COINBASE GLOBAL INC
DFNDShares1.05M
TypeSH
Market value$355.98M
1.77%
Sole
1.05M
Shared
0.00
None
0.00
APPLE INC
DFNDShares1.27M
TypeSH
Market value$323.78M
1.61%
Sole
1.27M
Shared
0.00
None
0.00
VANECK ETF TRUST
DFNDShares972.77K
TypeSH
Market value$317.47M
1.58%
Sole
972.77K
Shared
0.00
None
0.00
ALIBABA GROUP HLDG LTD
DFNDShares1.65M
TypeSH
Market value$294.27M
1.47%
Sole
1.65M
Shared
0.00
None
0.00
ISHARES ETHEREUM TR
DFNDShares8.87M
TypeSH
Market value$279.45M
1.39%
Sole
8.87M
Shared
0.00
None
0.00
ISHARES TR
DFNDShares1.13M
TypeSH
Market value$273.90M
1.36%
Sole
1.13M
Shared
0.00
None
0.00
NIKE INC
DFNDShares3.53M
TypeSH
Market value$245.97M
1.22%
Sole
3.53M
Shared
0.00
None
0.00
DELL TECHNOLOGIES INC
DFNDShares1.68M
TypeSH
Market value$238.36M
1.19%
Sole
1.68M
Shared
0.00
None
0.00
APPLIED MATLS INC
DFNDShares1.14M
TypeSH
Market value$232.77M
1.16%
Sole
1.14M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
DFNDShares450.06K
TypeSH
Market value$226.26M
1.13%
Sole
450.06K
Shared
0.00
None
0.00
NVIDIA CORPORATION
DFNDShares1.20M
TypeSH
Market value$223.44M
1.11%
Sole
1.20M
Shared
0.00
None
0.00
FIDELITY WISE ORIGIN BITCOIN
DFNDShares2.11M
TypeSH
Market value$210.88M
1.05%
Sole
2.11M
Shared
0.00
None
0.00
UBER TECHNOLOGIES INC
DFNDShares2.11M
TypeSH
Market value$206.67M
1.03%
Sole
2.11M
Shared
0.00
None
0.00
COSTCO WHSL CORP NEW
DFNDShares219.49K
TypeSH
Market value$203.17M
1.01%
Sole
219.49K
Shared
0.00
None
0.00
ISHARES TR
DFNDShares2.98M
TypeSH
Market value$158.91M
0.79%
Sole
2.98M
Shared
0.00
None
0.00
TESLA INC
DFNDShares351.62K
TypeSH
Market value$156.37M
0.78%
Sole
351.62K
Shared
0.00
None
0.00
MICROSOFT CORP
DFNDShares269.78K
TypeSH
Market value$139.73M
0.70%
Sole
269.78K
Shared
0.00
None
0.00
CROWDSTRIKE HLDGS INC
DFNDShares209.06K
TypeSH
Market value$102.52M
0.51%
Sole
209.06K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRDFND | CORE S&P500 ETF | 10.43M | SH | $6.98B 34.77% | 10.43M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRDFND | TR UNIT | 3.11M | SH | $2.07B 10.32% | 3.11M | 0.00 | 0.00 |
INVESCO QQQ TRDFND | UNIT SER 1 | 2.44M | SH | $1.47B 7.29% | 2.44M | 0.00 | 0.00 |
STRATEGY INCDFND | CL A NEW | 3.54M | SH | $1.14B 5.68% | 3.54M | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCDFND | COM | 1.93M | SH | $665.36M 3.31% | 1.93M | 0.00 | 0.00 |
ISHARES BITCOIN TRUST ETFDFND | SHS BEN INT | 9.48M | SH | $616.32M 3.07% | 9.48M | 0.00 | 0.00 |
ISHARES TRDFND | IBOXX INV CP ETF | 4M | SH | $445.88M 2.22% | 4M | 0.00 | 0.00 |
COINBASE GLOBAL INCDFND | COM CL A | 1.05M | SH | $355.98M 1.77% | 1.05M | 0.00 | 0.00 |
APPLE INCDFND | COM | 1.27M | SH | $323.78M 1.61% | 1.27M | 0.00 | 0.00 |
VANECK ETF TRUSTDFND | SEMICONDUCTR ETF | 972.77K | SH | $317.47M 1.58% | 972.77K | 0.00 | 0.00 |
ALIBABA GROUP HLDG LTDDFND | SPONSORED ADS | 1.65M | SH | $294.27M 1.47% | 1.65M | 0.00 | 0.00 |
ISHARES ETHEREUM TRDFND | SHS | 8.87M | SH | $279.45M 1.39% | 8.87M | 0.00 | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 1.13M | SH | $273.90M 1.36% | 1.13M | 0.00 | 0.00 |
NIKE INCDFND | CL B | 3.53M | SH | $245.97M 1.22% | 3.53M | 0.00 | 0.00 |
DELL TECHNOLOGIES INCDFND | CL C | 1.68M | SH | $238.36M 1.19% | 1.68M | 0.00 | 0.00 |
APPLIED MATLS INCDFND | COM | 1.14M | SH | $232.77M 1.16% | 1.14M | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 450.06K | SH | $226.26M 1.13% | 450.06K | 0.00 | 0.00 |
NVIDIA CORPORATIONDFND | COM | 1.20M | SH | $223.44M 1.11% | 1.20M | 0.00 | 0.00 |
FIDELITY WISE ORIGIN BITCOINDFND | SHS | 2.11M | SH | $210.88M 1.05% | 2.11M | 0.00 | 0.00 |
UBER TECHNOLOGIES INCDFND | COM | 2.11M | SH | $206.67M 1.03% | 2.11M | 0.00 | 0.00 |
COSTCO WHSL CORP NEWDFND | COM | 219.49K | SH | $203.17M 1.01% | 219.49K | 0.00 | 0.00 |
ISHARES TRDFND | MSCI EMG MKT ETF | 2.98M | SH | $158.91M 0.79% | 2.98M | 0.00 | 0.00 |
TESLA INCDFND | COM | 351.62K | SH | $156.37M 0.78% | 351.62K | 0.00 | 0.00 |
MICROSOFT CORPDFND | COM | 269.78K | SH | $139.73M 0.70% | 269.78K | 0.00 | 0.00 |
CROWDSTRIKE HLDGS INCDFND | CL A | 209.06K | SH | $102.52M 0.51% | 209.06K | 0.00 | 0.00 |
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