Capula Management’s VanEck Semiconductor ETF SMH Stock Holding History

Capula Management’s Portfolio SMH Stock Details SMH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$38.3M	Sell	100,000 -97,700	-49%	-$38.8M	0.27%	27
2025 Q4	$71.2M	Sell	197,700 -30,000	-13%	-$10.5M	0.36%	40
2025 Q3	$74.3M	Sell	227,700 -365,000	-62%	-$108M	0.37%	42
2025 Q2	$165M	Buy	592,700 +352,700	+147%	+$81.8M	1.54%	7
2025 Q1	$50.8M	Buy	+240,000	New	+$57.5M	0.28%	42
2024 Q4	–	Sell	-11,000	Closed	-$2.7M	–	580
2024 Q3	$2.7M	Buy	+11,000	New	+$2.67M	0.03%	77
2024 Q2	–	Sell	-135,000	Closed	-$30.4M	–	642
2024 Q1	$30.4M	Sell	135,000 -465,000	-78%	-$93.5M	0.72%	17
2023 Q4	$105M	Buy	600,000 +300,000	+100%	+$47M	4.2%	8
2023 Q3	$43.5M	Buy	+300,000	New	+$45.4M	0.91%	16
2023 Q2	–	Sell	-68,000	Closed	-$8.95M	–	747
2023 Q1	$8.95M	Sell	68,000 -174,000	-72%	-$20.9M	0.11%	167
2022 Q4	$24.6M	Buy	242,000 +142,800	+144%	+$14.5M	0.33%	81
2022 Q3	$9.18M	Sell	99,200 -313,000	-76%	-$34.1M	0.12%	183
2022 Q2	$42M	Buy	412,200 +40,000	+11%	+$4.65M	0.72%	30
2022 Q1	$50.2M	Buy	372,200 +335,800	+923%	+$46M	0.72%	30
2021 Q4	$5.62M	Buy	+36,400	New	+$5.26M	0.12%	100

Other funds holding SMH

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

MMH

Menora Mivtachim Holdings Ramat Gan, Israel $21.1B AUM 40.03% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

MIH

Meitav Investment House Bene-Beraq, Israel $9.12B AUM 42.07% 1-Year Est. Return

Capula Management's SMH Position: Q1 2026 in Review

Capula Management reduced its VanEck Semiconductor ETF (SMH) stake by 100% in Q1 2026, selling an estimated $13.4M and leaving 49 shares worth $18.8K. The position accounts for ﹤0.01% of the portfolio, ranked #1050.

Capula Management first reported a position in SMH in Q3 2022 and has held it in 10 quarters since. The position peaked at $107M in Q3 2025. 1,296 funds tracked by Wall St. Rank hold SMH as of Q1 2026.

Capula Management held 49 shares of VanEck Semiconductor ETF worth $18.8K as of Q1 2026.
Capula Management sold 33,795 VanEck Semiconductor ETF shares in Q1 2026, an estimated $13.4M.
VanEck Semiconductor ETF made up ﹤0.01% of Capula Management's portfolio in Q1 2026, its #1050 holding.
Capula Management first reported a position in VanEck Semiconductor ETF in Q3 2022 and has held it in 10 quarters since.
Capula Management's VanEck Semiconductor ETF position peaked at $107M in Q3 2025.
1,296 funds tracked by Wall St. Rank held VanEck Semiconductor ETF as of Q1 2026.

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