Capula Management’s VanEck Semiconductor ETF SMH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$18.8K	Sell	49 -33,795	-100%	-$13.4M	﹤0.01%	1050
2025 Q4	$12.2M	Sell	33,844 -293,531	-90%	-$103M	0.08%	103
2025 Q3	$107M	Buy	327,375 +322,167	+6,186%	+$95.4M	0.79%	31
2025 Q2	$1.45M	Sell	5,208 -123,505	-96%	-$28.6M	0.02%	151
2025 Q1	$27.2M	Buy	+128,713	New	+$30.9M	0.2%	54
2024 Q4	–	Sell	-10,192	Closed	-$2.5M	–	589
2024 Q3	$2.5M	Sell	10,192 -14,169	-58%	-$3.45M	0.03%	81
2024 Q2	$6.35M	Buy	+24,361	New	+$5.71M	0.07%	62
2024 Q1	–	Sell	-138,000	Closed	-$27.7M	–	589
2023 Q4	$24.1M	Buy	138,000 +85,000	+160%	+$13.3M	1.52%	14
2023 Q3	$7.68M	Buy	+53,000	New	+$8.03M	0.5%	71
2023 Q2	–	Hold	0	–	–	–	756
2023 Q1	–	Hold	0	–	–	–	925
2022 Q4	–	Sell	-58,462	Closed	-$5.94M	–	909
2022 Q3	$5.41M	Buy	+58,462	New	+$6.37M	0.66%	243
2022 Q2	–	Hold	0	–	–	–	402
2022 Q1	–	Hold	0	–	–	–	356
2021 Q4	–	Hold	0	–	–	–	702