We are live on ! Find out more
CM

Capula Management Portfolio holdings

AUM $14.1B
1-Year Est. Return 19.14%
This Fund
S&P 500
This Quarter Est. Return
-3.58%
1 Year Est. Return
+19.14%
3 Year Est. Return
+85.66%
5 Year Est. Return
+76.65%
10 Year Est. Return
+131.38%
AUM
$14.1B
AUM Growth
-$5.9B
Cap. Flow
-$5.17B
Cap. Flow %
-36.75%
Top 10 Hldgs %
79.37%
Holding
1,232
New
420
Increased
312
Reduced
280
Closed
164

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$5.79B
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$338M
3
CWAN
Clearwater Analytics
CWAN
+$60.4M
4
FOLD
Amicus Therapeutics
FOLD
+$45.3M
5
AES icon
AES
AES
+$36.7M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.4B
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$471M
3
ETHA
iShares Ethereum Trust ETF
ETHA
+$207M
4
BABA icon
Alibaba
BABA
+$201M
5
IBM icon
IBM
IBM
+$184M

Sector Composition

Rank Sector Weight
1 Technology 2.36%
2 Healthcare 1.29%
3 Communication Services 1.11%
4 Consumer Discretionary 1.06%
5 Industrials 0.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$881B
$5.94B 42.25%
9,094,984
+8,478,226
+1,375% +$5.79B
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$4.01B 28.49%
6,159,222
+497,045
+9% +$338M
TSLA icon
3
CALL
Tesla
TSLA
$1.43T
$262M 1.87%
705,800
+698,200
+9,187% +$288M
QQQ icon
4
PUT
Invesco QQQ Trust
QQQ
$466B
$214M 1.52%
370,800
+272,800
+278% +$166M
NVDA icon
5
PUT
NVIDIA
NVDA
$4.91T
$206M 1.47%
1,182,800
+561,900
+90% +$103M
IWM icon
6
PUT
iShares Russell 2000 ETF
IWM
$82.2B
$145M 1.03%
+583,600
New +$151M
QQQ icon
7
CALL
Invesco QQQ Trust
QQQ
$466B
$123M 0.87%
212,600
-97,400
-31% -$59.2M
META icon
8
PUT
Meta Platforms (Facebook)
META
$1.64T
$104M 0.74%
181,400
-67,400
-27% -$43.2M
SPY icon
9
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$86.8M 0.62%
133,500
+24,000
+22% +$16.3M
FXI icon
10
PUT
iShares China Large-Cap ETF
FXI
$4.6B
$72M 0.51%
2,006,200
+1,656,200
+473% +$63M
CWAN
11
DELISTED
Clearwater Analytics
CWAN
$63.3M 0.45%
2,677,322
+2,552,962
+2,053% +$60.4M
IWM icon
12
CALL
iShares Russell 2000 ETF
IWM
$82.2B
$60.5M 0.43%
+244,000
New +$62.9M
NVDA icon
13
NVIDIA
NVDA
$4.91T
$58.7M 0.42%
336,778
+94,282
+39% +$17.3M
TSLA icon
14
PUT
Tesla
TSLA
$1.43T
$53.2M 0.38%
143,200
-46,200
-24% -$19M
AMZN icon
15
PUT
Amazon
AMZN
$2.66T
$52.6M 0.37%
252,400
+113,300
+81% +$24.9M
AAPL icon
16
PUT
Apple
AAPL
$4.9T
$52.4M 0.37%
206,500
-369,800
-64% -$96.2M
EEM icon
17
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
$49.7M 0.35%
875,500
-107,500
-11% -$6.32M
FOLD
18
DELISTED
Amicus Therapeutics
FOLD
$46.2M 0.33%
3,191,610
+3,161,610
+10,539% +$45.3M
MSFT icon
19
PUT
Microsoft
MSFT
$2.93T
$44.1M 0.31%
119,100
+2,800
+2% +$1.17M
AAUC
20
Allied Gold Corp
AAUC
$2.62B
$43.2M 0.31%
+1,002,000
New +$30.3M
LBRDK icon
21
Liberty Broadband Class C
LBRDK
$4.43B
$42.2M 0.3%
838,294
+698,149
+498% +$35.2M
SPY icon
22
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$41.9M 0.3%
64,400
-84,700
-57% -$57.6M
NSC icon
23
Norfolk Southern
NSC
$76.4B
$41.5M 0.3%
144,749
+94,749
+189% +$28.2M
KVUE icon
24
Kenvue
KVUE
$36.4B
$38.7M 0.28%
2,247,472
+1,301,854
+138% +$23.2M
SEE
25
DELISTED
Sealed Air
SEE
$38.6M 0.27%
918,694
+352,289
+62% +$14.7M
1
2 3 4 5

Similar funds

X
Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return
ETC
Exchange Traded Concepts Oklahoma City, Oklahoma $14.1B AUM 25.71% 1-Year Est. Return
BIP
Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return
FGP
Freestone Grove Partners San Francisco, California $14.2B AUM 24.58% 1-Year Est. Return
BPC
Banque Pictet & Cie Geneva 73, Switzerland $14.2B AUM 20.68% 1-Year Est. Return
TI
Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return
SSA
Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return
SAM
Silvercrest Asset Management New York $13.8B AUM 28.39% 1-Year Est. Return

Capula Management's Q1 2026 Portfolio in Review

As of Q1 2026, Capula Management held 1,232 positions worth $14.1B, down 30% from $20B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Capula Management withdrew a net $5.17B in Q1 2026, closing 164 positions and reducing 280 holdings. Its most notable exit was iShares Bitcoin Trust, an estimated $471M position sold in full.

By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 4.6% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Capula Management opened a new position in Penumbra worth $33.4M.

  • Capula Management's largest Q1 2026 buy was Penumbra: 101,779 shares worth $33.4M.
  • Capula Management added most to iShares Core S&P 500 ETF in Q1 2026, an estimated $5.79B increase.
  • Capula Management's biggest Q1 2026 reduction was Vanguard S&P 500 ETF, cutting an estimated $7.4B.
  • Capula Management fully exited iShares Bitcoin Trust in Q1 2026, selling an estimated $471M.
  • Capula Management's ten largest holdings make up 79% of its $14.1B portfolio in Q1 2026.
  • Capula Management opened 420 new positions and closed 164 in Q1 2026.
  • Capula Management's portfolio value fell 30% quarter-over-quarter to $14.1B.

Based on Capula Management's 13F filing for Q1 2026, filed 14 May 2026.