Capula Management Ltd

13F filer, CIK 1557017, Grand Cayman, Cayman Islands

Capula Management Ltd reported $10,763,814,207 across 629 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 95.85% of the portfolio.

Filed 2025-08-13 (acceptance time not in the bulk data set), ingested 2026-10-07 18:23:11 UTC13F-HR 0001172661-25-003192

Changes against Q1 2025 are not shown: its report omitted holdings under a confidential treatment request (678 positions on file), so every position would read as new.

The filing omits holdings under a confidential treatment request (H8). A later amendment may add them.

Period: 2025-06-30
Reported value: $10.8B
Holdings: 629
Top 10 weight: 95.85%
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Part of the filer group Capula Management Ltd

CAPULA INVESTMENT MANAGEMENT ASIA Ltd Capula Investment Management LLP +4 others

How groups are built

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001172661-25-003192, largest first. % of portfolio is the value over $8,149,310,059, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Latest event	Timeline
IVVISHARES TR	7,658,145	$4.75B	58.35%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	3,185,123	$1.97B	24.15%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
IBITISHARES BITCOIN TRUST ETF	9,481,233	$580M	7.12%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
QQQINVESCO QQQ TR	266,518	$147M	1.8%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FBTCFIDELITY WISE ORIGIN BITCOIN	1,497,174	$141M	1.73%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ETHAISHARES ETHEREUM TR	5,354,800	$102M	1.25%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FETHFIDELITY ETHEREUM FD	1,796,196	$45.2M	0.55%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
KKELLANOVA	410,000	$32.6M	0.4%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
EEMISHARES TR	418,786	$20.2M	0.25%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP	156,114	$20M	0.25%	The filing omitted confidential holdings, a later amendment may add them.
FYBRFRONTIER COMMUNICATIONS PARE	549,470	$20M	0.25%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ENSTAR GROUP LIMITEDENSTAR GROUP LIMITED	35,657	$12M	0.15%	The filing omitted confidential holdings, a later amendment may add them.
TLTISHARES TR	120,353	$10.6M	0.13%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BAMBROOKFIELD ASSET MANAGMT LTD	159,608	$10.5M	0.13%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LNGCHENIERE ENERGY INC	41,818	$10.2M	0.12%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
EMBISHARES TR	108,677	$10.1M	0.12%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SCHNITZER STEEL INDUSTRIES …SCHNITZER STEEL INDUSTRIES INC	320,957	$9.53M	0.12%	The filing omitted confidential holdings, a later amendment may add them.
NWSANEWS CORP NEW	309,154	$9.19M	0.11%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
KRESPDR SERIES TRUST	147,712	$8.77M	0.11%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
QSRRESTAURANT BRANDS INTL INC	124,539	$8.26M	0.1%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
APPAPPLOVIN CORP	22,390	$7.84M	0.1%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
GLXYGALAXY DIGITAL INC.	306,615	$7.43M	0.09%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BRIDGE INVT GROUP HLDGS INCBRIDGE INVT GROUP HLDGS INC	734,524	$7.35M	0.09%	The filing omitted confidential holdings, a later amendment may add them.
SHOPSHOPIFY INC	57,728	$6.66M	0.08%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS	269,625	$6.6M	0.08%	The filing omitted confidential holdings, a later amendment may add them.
TSLATESLA INC	20,266	$6.44M	0.08%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SKXSKECHERS U S A INC	95,500	$6.03M	0.07%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TAT&T INC	205,074	$5.93M	0.07%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
HOODROBINHOOD MKTS INC	63,215	$5.92M	0.07%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
DVYISHARES TR	43,303	$5.75M	0.07%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
INDAISHARES TR	101,875	$5.67M	0.07%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CRHCRH PLC	60,673	$5.57M	0.07%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MCHIISHARES TR	99,400	$5.48M	0.07%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SLBSLB LIMITED	160,576	$5.43M	0.07%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
XLESELECT SECTOR SPDR TR	56,272	$4.77M	0.06%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
UHAL-BU HAUL HOLDING COMPANY	80,935	$4.4M	0.05%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FLUTFLUTTER ENTMT PLC	14,468	$4.13M	0.05%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CNACNA FINL CORP	87,938	$4.09M	0.05%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AAPLAPPLE INC	17,233	$3.54M	0.04%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TRITHOMSON REUTERS CORP	13,449	$3.44M	0.04%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEW	132,353	$3.41M	0.04%	The filing omitted confidential holdings, a later amendment may add them.
SLVISHARES SILVER TR	96,197	$3.16M	0.04%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
URBNURBAN OUTFITTERS INC	42,258	$3.07M	0.04%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BABAALIBABA GROUP HLDG LTD	26,402	$2.99M	0.04%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
IBNICICI BK LTD	83,795	$2.82M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PFEPFIZER INC	115,391	$2.8M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
GDXVANECK ETF TRUST	53,376	$2.78M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FWONALIBERTY MEDIA CORP DEL	28,284	$2.69M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
XLFSELECT SECTOR SPDR TR	50,164	$2.63M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
GOOGLALPHABET INC	14,549	$2.56M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BIDUBAIDU INC	27,158	$2.33M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LENLENNAR CORP	20,697	$2.29M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ASXASE TECHNOLOGY HLDG CO LTD	216,529	$2.24M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LBRDKLIBERTY BROADBAND CORP	23,846	$2.2M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SDYSPDR SERIES TRUST	15,896	$2.16M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
COPXGLOBAL X FDS	45,974	$2.07M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FXIISHARES TR	55,493	$2.04M	0.03%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FOOT LOCKER INCFOOT LOCKER INC	83,000	$2.03M	0.02%	The filing omitted confidential holdings, a later amendment may add them.
BIOBIO RAD LABS INC	8,287	$2M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
UALUNITED AIRLS HLDGS INC	23,978	$1.91M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
DDOGDATADOG INC	13,900	$1.87M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SMHVANECK ETF TRUST	5,208	$1.45M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AMLPALPS ETF TR	29,345	$1.43M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PYPLPAYPAL HLDGS INC	18,977	$1.41M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ARESARES MANAGEMENT CORPORATION	7,850	$1.36M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CVSCVS HEALTH CORP	19,485	$1.34M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
EWZISHARES INC	45,570	$1.31M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
XLBSELECT SECTOR SPDR TR	14,960	$1.31M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TFPMTRIPLE FLAG PRECIOUS METAL	38,800	$1.25M	0.02%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MRVLMARVELL TECHNOLOGY INC	15,500	$1.2M	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
Sandstorm Gold LtdSandstorm Gold Ltd	93,100	$1.19M	0.01%	The filing omitted confidential holdings, a later amendment may add them.
NGDNEW GOLD INC	170,100	$1.15M	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
WHRWHIRLPOOL CORP	11,315	$1.15M	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FSMFORTUNA MNG CORP	123,200	$1.1M	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MAG SILVER CORPMAG SILVER CORP	37,800	$1.09M	0.01%	The filing omitted confidential holdings, a later amendment may add them.
NFLXNETFLIX INC.	804	$1.08M	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
KWEBKRANESHARES TRUST	30,655	$1.05M	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BBUCBROOKFIELD BUSINESS HOLDINGS	24,500	$1.04M	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ORLAORLA MNG LTD NEW	73,500	$1.01M	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
INFYINFOSYS LTD	53,293	$988K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SILJAMPLIFY ETF TR	65,728	$973K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SILGLOBAL X FDS	20,000	$963K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CVXCHEVRON CORPORATION	6,118	$876K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CVNACARVANA CO	2,341	$789K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ELLAUDER ESTEE COS INC	9,415	$761K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
EQXEQUINOX GOLD CORP	93,870	$738K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MRKMERCK & CO INC	9,112	$721K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CWANCLEARWATER ANALYTICS HLDGS I	30,642	$672K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LYFTLYFT INC	42,554	$671K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BFAMBRIGHT HORIZONS FAM SOL IN D	5,278	$652K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TWTRADEWEB MKTS INC	4,407	$645K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LEVILEVI STRAUSS & CO NEW	34,380	$636K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TTDTHE TRADE DESK INC	8,800	$634K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ASMLASML HLDG NV	782	$627K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
XYZBLOCK INC	9,215	$626K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
HEIHEICO CORP NEW	1,900	$623K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FCXFREEPORT MCMORAN INC	14,232	$617K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
VRTVERTIV HOLDINGS CO	4,800	$616K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
GDSGDS HLDGS LTD	20,000	$611K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
VEEVVEEVA SYS INC	2,100	$605K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LPLALPL FINL HLDGS INC	1,600	$600K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FERGFERGUSON ENTERPRISES INC	2,700	$588K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ASHRDBX ETF TR	19,476	$536K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ELANELANCO ANIMAL HEALTH INC	35,448	$506K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MOALTRIA GROUP INC	8,261	$484K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
APAAPA CORPORATION	24,869	$455K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
HDBHDFC BANK LTD	5,574	$427K	0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
XOMEXXON MOBIL CORP	3,546	$382K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LLYELI LILLY & CO	487	$380K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PLTRPALANTIR TECHNOLOGIES INC	2,752	$375K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
VZVERIZON COMMUNICATIONS INC	8,361	$362K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
RRRRED ROCK RESORTS INC	6,828	$355K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PTCTPTC THERAPEUTICS INC	7,126	$348K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
WPMWHEATON PRECIOUS METALS CORP	2,800	$343K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FUTUFUTU HLDGS LTD	2,750	$340K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
RACEFERRARI N V	808	$336K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ADTADT INC DEL	38,959	$330K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
GILDGILEAD SCIENCES INC	2,886	$320K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PGPROCTER & GAMBLE CO	1,885	$300K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PANWPALO ALTO NETWORKS INC	1,440	$295K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TGTTARGET CORP	2,936	$290K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TNETTRINET GROUP INC	3,914	$286K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SWKSSKYWORKS SOLUTIONS INC	3,800	$283K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CDECOEUR MNG INC	31,939	$283K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FNVFRANCO NEV CORP	1,200	$268K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CMCSACOMCAST CORP NEW	7,480	$267K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BACBANK OF AMER CORP	5,591	$265K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MCDMCDONALDS CORP	902	$264K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BENFRANKLIN TEMPLETON INC	10,896	$260K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CWSTCASELLA WASTE SYS INC	2,230	$257K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
VTRSVIATRIS INC	28,010	$250K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TECHBIO-TECHNE CORP	4,800	$247K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LOWLOWES COS INC	1,097	$243K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
WLKWESTLAKE CORPORATION	3,167	$240K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SWKSTANLEY BLACK & DECKER INC	3,542	$240K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MRNAMODERNA INC	8,530	$235K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
KMXCARMAX INC	3,439	$231K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MSTRSTRATEGY INC	567	$229K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FDXFEDEX CORP	986	$224K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
COSTCOSTCO WHOLESALE CORPORATION	223	$221K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ALBALBEMARLE CORP	3,505	$220K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AOSSMITH A O CORP	3,348	$220K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BMYBRISTOL-MYERS SQUIBB CO	4,682	$217K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CRMSALESFORCE INC	779	$212K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ROKUROKU INC	2,382	$209K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PAASPAN AMERN SILVER CORP	5,400	$209K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MANHMANHATTAN ASSOCIATES INC	1,052	$208K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
OVVOVINTIV INC	5,416	$206K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
HSTHOST HOTELS & RESORTS INC	12,958	$199K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PEPPEPSICO INC	1,482	$196K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AMGNAMGEN INC	668	$187K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CGAUCENTERRA GOLD INC	19,000	$186K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MAMASTERCARD INCORPORATED	317	$178K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MRSHMARSH & MCLENNAN COS INC	803	$176K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
YUMCYUM CHINA HLDGS INC	3,924	$175K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
STLASTELLANTIS N.V	19,153	$173K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TMUST-MOBILE US INC	724	$172K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ABBVABBVIE INC	850	$158K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
COPCONOCOPHILLIPS	1,739	$156K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
UPSUNITED PARCEL SVCS INC	1,458	$147K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
IAGIAMGOLD CORP	14,300	$143K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
UNPUNION PAC CORP	585	$135K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
DHRDANAHER CORP DEL	671	$133K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
NEENEXTERA ENERGY INC	1,821	$126K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TJXTJX COS INC NEW	1,023	$126K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
REGNREGENERON PHARMACEUTICALS	240	$126K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LMTLOCKHEED MARTIN CORP	243	$113K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
QCOMQUALCOMM INC	685	$109K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
DUKDUKE ENERGY CORP NEW	891	$105K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CBCHUBB LIMITED	361	$105K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ACNACCENTURE PLC IRELAND	339	$101K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MDTMEDTRONIC PLC	1,133	$98.8K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
JNJJOHNSON & JOHNSON	644	$98.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ELVELEVANCE HEALTH INC FORMERLY	249	$96.9K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	234	$94.9K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PLDPROLOGIS INC.	852	$89.6K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CLCOLGATE PALMOLIVE CO	967	$87.9K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ADBEADOBE INC	225	$87K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BXBLACKSTONE INC	557	$83.3K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SBUXSTARBUCKS CORP	892	$81.7K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SHWSHERWIN WILLIAMS CO	225	$77.3K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AEPAMERICAN ELEC PWR CO INC	731	$75.8K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MDLZMONDELEZ INTL INC	1,118	$75.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AMATAPPLIED MATLS INC	411	$75.2K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
OKEONEOK INC NEW	916	$74.8K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
DDOMINION ENERGY INC	1,304	$73.7K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PCARPACCAR INC	773	$73.5K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MDBMONGODB INC	342	$71.8K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
EQIXEQUINIX INC	90	$71.6K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
WMWASTE MGMT INC DEL	305	$69.8K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SOSOUTHERN CO	730	$67K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MMM3M CO	436	$66.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PNCPNC FINL SVCS GROUP INC	356	$66.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
USBUS BANCORP	1,405	$63.6K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SPGIS&P GLOBAL INC	119	$62.7K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
NOCNORTHROP GRUMMAN CORP	121	$60.5K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PSXPHILLIPS 66	502	$59.9K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
HDHOME DEPOT INC	161	$59K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ITWILLINOIS TOOL WKS INC	238	$58.8K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TFCTRUIST FINL CORP	1,358	$58.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CMECME GROUP INC	200	$55.1K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
EOGEOG RES INC	428	$51.2K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ADPAUTOMATIC DATA PROCESSING IN	161	$49.7K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PGRPROGRESSIVE CORP	186	$49.6K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
INTCINTEL CORP	2,110	$47.3K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
VRTXVERTEX PHARMACEUTICALS INC	103	$45.9K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
APDAIR PRODUCTS AND CHEMICALS I	162	$45.7K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
TXNTEXAS INSTRS INC	219	$45.5K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AMBPARDAGH METAL PACKAGING S A	10,526	$45.1K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SPGSIMON PPTY GROUP INC NEW	277	$44.5K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
LINLINDE PLC	92	$43.2K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ROPROPER TECHNOLOGIES INC	71	$40.2K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
WDAYWORKDAY INC	159	$38.2K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
APOAPOLLO GLOBAL MGMT INC	258	$36.6K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
DEDEERE & CO	69	$35.1K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
NXPINXP SEMICONDUCTORS N V	160	$35K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
WMTWALMART INC	345	$33.7K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
RTXRTX CORPORATION	225	$32.9K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
IWMISHARES TR	150	$32.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ABTABBOTT LABORATORIES	237	$32.2K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
GMGENERAL MTRS CO	639	$31.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
VVISA INC	87	$30.9K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
KOCOCA COLA CO	435	$30.8K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BSXBOSTON SCIENTIFIC CORP	281	$30.2K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
UNHUNITEDHEALTH GROUP INC	96	$29.9K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SYKSTRYKER CORPORATION	75	$29.7K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AIGAMERICAN INTL GROUP INC	345	$29.5K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ORLYOREILLY AUTOMOTIVE INC	315	$28.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
KKRKKR & CO INC	196	$26.1K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
FTNTFORTINET INC	237	$25.1K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CSCOCISCO SYS INC	326	$22.6K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ECLECOLAB INC	80	$21.6K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
KMIKINDER MORGAN INC DEL	727	$21.4K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	116	$21.3K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
BLKBLACKROCK INC	20	$21K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
AMTAMERICAN TOWER CORP	87	$19.2K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ABNBAIRBNB INC	125	$16.5K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
MBLYMOBILEYE GLOBAL INC	475	$8.54K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
WMBWILLIAMS COS INC	122	$7.66K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CTASCINTAS CORP	32	$7.13K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	122	$6.85K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
RHRH	36	$6.8K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
PMPHILIP MORRIS INTL INC	33	$6.01K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
RIVNRIVIAN AUTOMOTIVE INC	402	$5.52K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
CDNSCADENCE DESIGN SYSTEM INC	15	$4.62K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
SNAPSNAP INC	330	$2.87K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
NKENIKE INC	20	$1.42K	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline
ANETARISTA NETWORKS INC	4	$409	<0.01%	The filing omitted confidential holdings, a later amendment may add them.	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

The largest 100 of 380. All 380

Security	Type	Amount	Value
QQQINVESCO QQQ TR COM	call	1,465,000	$808M
QQQINVESCO QQQ TR COM	put	655,000	$361M
SMHVANECK ETF TRUST COM	put	677,700	$189M
SMHVANECK ETF TRUST COM	call	592,700	$165M
EEMISHARES TR MSCI EMG MKT ETF	call	3,007,100	$145M
IWMISHARES TR SHS	call	480,000	$104M
HYGISHARES TR IBOXX HI YD ETF	put	1,250,000	$101M
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	148,000	$91.4M
KRESPDR SERIES TRUST ST STR SP REGBNK	put	1,216,600	$72.3M
SLVISHARES SILVER TR COM	call	1,570,000	$51.5M
GLDSPDR GOLD TR GOLD SHS	call	150,000	$45.7M
AVGOBROADCOM INC COM	put	94,800	$26.1M
AVGOBROADCOM INC COM	call	73,500	$20.3M
FXIISHARES TR CHINA LG-CAP ETF	put	500,000	$18.4M
FXIISHARES TR CHINA LG-CAP ETF	call	500,000	$18.4M
CRMSALESFORCE INC COM	call	61,300	$16.7M
MSFTMICROSOFT CORP COM	put	29,500	$14.7M
NVDANVIDIA CORPORATION COM	put	89,800	$14.2M
TSLATESLA INC COM	put	41,000	$13M
GOOGLALPHABET INC COM	put	58,600	$10.3M
AAPLAPPLE INC COM	put	45,200	$9.27M
MSFTMICROSOFT CORP COM	call	17,000	$8.46M
NVDANVIDIA CORPORATION COM	call	49,100	$7.76M
SLBSLB LIMITED COM	put	220,000	$7.44M
TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS	call	32,400	$7.34M
UBERUBER TECHNOLOGIES INC COM	call	78,300	$7.31M
AMZNAMAZON COM INC COM	put	27,700	$6.08M
BACBANK OF AMER CORP COM	call	125,900	$5.96M
XLBSELECT SECTOR SPDR TR SBI MATERIALS	call	65,000	$5.71M
ASMLASML HLDG NV STOK	put	7,000	$5.61M
CVSCVS HEALTH CORP COM	put	77,800	$5.37M
XLFSELECT SECTOR SPDR TR SHS	put	100,000	$5.24M
XLFSELECT SECTOR SPDR TR SHS	call	100,000	$5.24M
ELLAUDER ESTEE COS INC Stock	put	60,000	$4.85M
PLTRPALANTIR TECHNOLOGIES INC COM	put	34,600	$4.72M
DISDISNEY WALT CO COM	call	37,400	$4.64M
PLTRPALANTIR TECHNOLOGIES INC COM	call	31,800	$4.33M
PYPLPAYPAL HLDGS INC STOK	put	57,800	$4.3M
METAMETA PLATFORMS INC COM	put	5,800	$4.28M
XLESELECT SECTOR SPDR TR SHS	put	50,000	$4.24M
XLESELECT SECTOR SPDR TR SHS	call	50,000	$4.24M
SLBSLB LIMITED COM	call	121,700	$4.11M
MSTRSTRATEGY INC Stock	put	10,000	$4.04M
MSTRSTRATEGY INC Stock	call	10,000	$4.04M
PFEPFIZER INC COM	put	166,500	$4.04M
AAPLAPPLE INC COM	call	19,400	$3.98M
ZMZOOM COMMUNICATIONS INC Stock	call	49,800	$3.88M
MRVLMARVELL TECHNOLOGY INC COM	put	50,100	$3.88M
FCXFREEPORT MCMORAN INC Stock	put	87,300	$3.78M
CMCSACOMCAST CORP NEW COM	call	104,800	$3.74M
AMDADVANCED MICRO DEVICES INC COM	put	25,000	$3.55M
XLCSELECT SECTOR SPDR TR SHS	put	32,500	$3.53M
XLCSELECT SECTOR SPDR TR SHS	call	32,500	$3.53M
AMDADVANCED MICRO DEVICES INC COM	call	22,100	$3.14M
UNHUNITEDHEALTH GROUP INC COM	call	9,400	$2.93M
CCLCARNIVAL CORP Stock	put	100,000	$2.81M
CCLCARNIVAL CORP Stock	call	100,000	$2.81M
HOODROBINHOOD MKTS INC COM	put	30,000	$2.81M
SNAPSNAP INC CL A	call	300,000	$2.61M
GDXVANECK ETF TRUST GOLD MINERS ETF	put	50,000	$2.6M
GDXVANECK ETF TRUST GOLD MINERS ETF	call	50,000	$2.6M
AMZNAMAZON COM INC COM	call	11,600	$2.54M
ROKUROKU INC Stock	call	28,200	$2.48M
QCOMQUALCOMM INC COM	put	15,400	$2.45M
AMTAMERICAN TOWER CORP COM	put	10,800	$2.39M
XLISELECT SECTOR SPDR TR INDL	put	16,000	$2.36M
XLISELECT SECTOR SPDR TR INDL	call	16,000	$2.36M
AMTAMERICAN TOWER CORP COM	call	10,500	$2.32M
GOOGLALPHABET INC COM	call	13,100	$2.31M
YUMCYUM CHINA HLDGS INC COM	put	50,000	$2.24M
AIGAMERICAN INTL GROUP INC Stock	put	26,100	$2.23M
CRMSALESFORCE INC COM	put	8,100	$2.21M
TLTISHARES TR 20 YR TR BD ETF	call	25,000	$2.21M
QCOMQUALCOMM INC COM	call	13,800	$2.2M
AIGAMERICAN INTL GROUP INC Stock	call	25,600	$2.19M
JPMJPMORGAN CHASE & CO COM	put	7,100	$2.06M
CVXCHEVRON CORPORATION COM	put	13,900	$1.99M
VALEVALE S A SPONSORED ADS	call	200,000	$1.94M
METAMETA PLATFORMS INC COM	call	2,600	$1.92M
BACBANK OF AMER CORP COM	put	38,200	$1.81M
MDBMONGODB INC Stock	put	8,500	$1.78M
MDBMONGODB INC Stock	call	8,500	$1.78M
CVXCHEVRON CORPORATION COM	call	12,000	$1.72M
CVNACARVANA CO Stock	put	5,000	$1.68M
HDHOME DEPOT INC COM	put	4,200	$1.54M
LLYELI LILLY & CO COM	put	1,900	$1.48M
NFLXNETFLIX INC. COM	put	1,100	$1.47M
VVISA INC COM	put	4,100	$1.46M
DDOGDATADOG INC STOK	put	9,300	$1.25M
TSLATESLA INC COM	call	3,900	$1.24M
UPSUNITED PARCEL SVCS INC COM	call	12,000	$1.21M
VZVERIZON COMMUNICATIONS INC COM	put	27,800	$1.2M
MAMASTERCARD INCORPORATED COM	put	2,100	$1.18M
BKNGBOOKING HOLDINGS INC COM	call	200	$1.16M
XOMEXXON MOBIL CORP COM	put	10,600	$1.14M
WMTWALMART INC COM	put	11,500	$1.12M
ORCLORACLE CORP COM	put	5,000	$1.09M
COSTCOSTCO WHOLESALE CORPORATION COM	put	1,100	$1.09M
HDHOME DEPOT INC COM	call	2,700	$990K
PGPROCTER & GAMBLE CO COM	put	6,000	$956K

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
EVERGY INCEVERGY INC NOTE 4.500%12/1	principal	5,000	$5.83M

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001172661-25-003192	base		2025-08-13	acceptance time not in the bulk data set	2026-10-07 18:23:11 UTC