Capula Management portfolio

What changed this quarter

211 positions with a change (93 added to, 118 trimmed). 9 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Core S&P 500 ETF+120%more sharesIncreased
  52.1% → 66.2%
• State Str Spdr S&P 500 ETF T−25%fewer sharesReduced
  35.1% → 15.1%
• Alibaba Group Holding+2,819%more sharesIncreased
  0.1% → 1.4%
• Boeing+13,323%more sharesIncreased
  under 0.1% → 0.9%
• Uber Technologies+44,158%more sharesIncreased
  under 0.1% → 0.7%
• Ishares Tr+2,037%more sharesIncreased
  0.1% → 0.7%
• PDD Holdings+10,790%more sharesIncreased
  under 0.1% → 0.6%
• Walmart+10,700%more sharesIncreased
  under 0.1% → 0.6%
• Intel+1,229%more sharesIncreased
  under 0.1% → 0.6%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• iShares Core S&P 500 ETFIVV66.2%
• State Str Spdr S&P 500 ETF TSPY15.1%
• Alibaba Group HoldingBABA1.4%
• BoeingBA0.9%
• Western DigitalWDC0.8%
• UBER TechnologiesUBER0.7%
• Ishares TrHYG0.7%
• IntelINTC0.6%
• PDD HoldingsPDD0.6%
• WalmartWMT0.6%
• BroadcomAVGO0.5%
• TeslaTSLA0.5%
• AmgenAMGN0.5%
• LindeLIN0.5%
• Ishares TrLQD0.4%
• Credo Technology Group HoldingCRDO0.4%
• StrategyMSTR0.4%
• Warner Bros. DiscoveryWBD0.4%
• QualcommQCOM0.3%
• KLAKLAC0.3%
• NikeNKE0.3%
• Analog DevicesADI0.3%
• ULTA BeautyULTA0.3%
• KenvueKVUE0.3%
• Applied OptoelectronicsAAOI0.2%
• SoFi TechnologiesSOFI0.2%
• AESAES0.2%
• EchoStarECHO0.2%
• PayPal HoldingsPYPL0.2%
• Vanguard Int-term Corporate ETFVCIT0.2%
• AXON EnterpriseAXON0.2%
• OrganonOGN0.2%
• NVIDIANVDA0.2%
• ValarisVAL0.2%
• GE VernovaGEV0.2%
• Arista NetworksANET0.1%
• Vertiv HoldingsVRT0.1%
• Hilton Worldwide HoldingsHLT0.1%
• United Parcel ServiceUPS0.1%
• Webster FinancialWBS0.1%
• iShares China Large-cap ETFFXI0.1%
• TopBuildBLD0.1%
• Marriott InternationalMAR0.1%
• Chart Industries0.1%
• PenumbraPEN0.1%
• Norfolk SouthernNSC0.1%
• Select Sector Spdr TrXLP0.1%
• Constellation EnergyCEG0.1%
• Coinbase GlobalCOIN0.1%
• Invesco QQQ Trust Series 1 ETFQQQ0.1%
• Cadence Design SystemsCDNS0.1%
• CelesticaCLS0.1%
• State Street Comm Select Sector SPDR ETFXLC0.1%
• Vanguard S&P 500 ETFVOO0.1%
• iShares Russell 2000 ETFIWM0.1%
• International Business MachinesIBM0.1%
• TXNM EnergyTXNM0.1%
• State Street Consumer Disc Select Sect ETFXLY0.1%
• ZscalerZS0.1%
• lululemon athleticaLULU0.1%
• Palantir TechnologiesPLTR0.1%
• Allied GoldAAUC0.1%
• Caesars EntertainmentCZR0.1%
• Bitmine Immersion TechnologiesBMNR0.1%
• UnifirstUNF0.1%
• Liberty BroadbandLBRDK0.1%
• TECK ResourcesTECK0.1%
• Janus Henderson GroupJHG0.1%
• Booking HoldingsBKNG0.1%
• Novanta(preferred)0.1%
• State Street SPDR S&P Regional Bank ETFKREunder 0.1%
• PPL(preferred)under 0.1%
• Kranesh CSI China Internet ETFKWEBunder 0.1%
• Nextera Energy(preferred)under 0.1%
• Bio-techneTECHunder 0.1%
• HeicoHEI/Aunder 0.1%
• Honeywell InternationalHONunder 0.1%
• MicrosoftMSFTunder 0.1%
• Talkspaceunder 0.1%
• Amazon.comAMZNunder 0.1%
• State Street SPDR S&P Biotech ETFXBIunder 0.1%
• NewsNWSAunder 0.1%
• Ferguson EnterprisesFERGunder 0.1%
• Meta PlatformsMETAunder 0.1%
• AppleAAPLunder 0.1%
• RokuROKUunder 0.1%
• Apogee Therapeuticsunder 0.1%
• U-Haul HoldingUHAL/Bunder 0.1%
• Liberty GlobalLBTYKunder 0.1%
• Bank of AmericaBACunder 0.1%
• Liberty Live HoldingsLLYVAunder 0.1%
• Ryanair HoldingsRYAAYunder 0.1%
• Brown FormanBF/Bunder 0.1%
• Under ArmourUAAunder 0.1%
• LennarLENunder 0.1%
• James Hardie IndustriesJHXunder 0.1%
• AlphabetGOOGLunder 0.1%
• PfizerPFEunder 0.1%
• Alnylam PharmaceuticalsALNYunder 0.1%
• CloudflareNETunder 0.1%