Capula Management’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Capula Management’s Portfolio SPY Stock Details SPY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$41.9M	Sell	64,400 -84,700	-57%	-$57.6M	0.3%	22
2025 Q4	$102M	Buy	+149,100	New	+$101M	0.51%	25
2025 Q2	–	Sell	-269,600	Closed	-$151M	–	839
2025 Q1	$151M	Buy	269,600 +154,600	+134%	+$90.9M	0.84%	14
2024 Q4	$67.4M	Buy	+115,000	New	+$67.8M	0.39%	25
2024 Q3	–	Sell	-50,000	Closed	-$27.2M	–	631
2024 Q2	$27.2M	Buy	50,000 +25,000	+100%	+$13.1M	0.22%	34
2024 Q1	$13.1M	Buy	+25,000	New	+$12.4M	0.31%	26
2023 Q3	–	Sell	-210,000	Closed	-$93.1M	–	651
2023 Q2	$93.1M	Sell	210,000 -189,000	-47%	-$79.3M	2.27%	15
2023 Q1	$163M	Buy	399,000 +335,000	+523%	+$134M	1.97%	10
2022 Q4	$24.5M	Sell	64,000 -664,300	-91%	-$255M	0.33%	82
2022 Q3	$260M	Sell	728,300 -30,700	-4%	-$12.2M	3.51%	3
2022 Q2	$286M	Buy	759,000 +515,300	+211%	+$211M	4.89%	2
2022 Q1	$110M	Buy	243,700 +127,800	+110%	+$56.9M	1.57%	9
2021 Q4	$55M	Sell	115,900 -209,300	-64%	-$96.1M	1.17%	16
2021 Q3	$140M	Sell	325,200 -267,100	-45%	-$118M	1.72%	12
2021 Q2	$254M	Buy	+592,300	New	+$247M	4.09%	4
2021 Q1	–	Sell	-155,100	Closed	-$58M	–	542
2020 Q4	$58M	Buy	155,100 +105,100	+210%	+$37.3M	2.88%	4
2020 Q3	$16.7M	Sell	50,000 -640,000	-93%	-$212M	2.13%	11
2020 Q2	$213M	Buy	690,000 +265,700	+63%	+$77.8M	7.56%	1
2020 Q1	$109M	Sell	424,300 -485,700	-53%	-$148M	3.95%	1
2019 Q4	$293M	Sell	910,000 -5,100	-0.6%	-$1.57M	6.26%	3
2019 Q3	$272M	Buy	915,100 +840,100	+1,120%	+$248M	5.77%	3
2019 Q2	$22M	Buy	+75,000	New	+$21.6M	4.53%	3

Other funds holding SPY

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

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

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

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

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

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

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

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

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

Capula Management's SPY Position: Q1 2026 in Review

Capula Management increased its State Street SPDR S&P 500 ETF Trust (SPY) stake by 8.8% in Q1 2026, buying an estimated $338M and bringing the position to 6,159,222 shares worth $4.01B. The position accounts for 28.49% of the portfolio, ranked #2.

Capula Management first reported a position in SPY in Q3 2018 and has held it in 31 quarters since. The position peaked at $10.6B in Q4 2024. 4,553 funds tracked by Wall St. Rank hold SPY as of Q1 2026.

Capula Management held 6,159,222 shares of State Street SPDR S&P 500 ETF Trust worth $4.01B as of Q1 2026.
Capula Management bought 497,045 State Street SPDR S&P 500 ETF Trust shares in Q1 2026, an estimated $338M.
State Street SPDR S&P 500 ETF Trust made up 28.49% of Capula Management's portfolio in Q1 2026, its #2 holding.
Capula Management first reported a position in State Street SPDR S&P 500 ETF Trust in Q3 2018 and has held it in 31 quarters since.
Capula Management's State Street SPDR S&P 500 ETF Trust position peaked at $10.6B in Q4 2024.
4,553 funds tracked by Wall St. Rank held State Street SPDR S&P 500 ETF Trust as of Q1 2026.

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