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	$86.8M	Buy	133,500 +24,000	+22%	+$16.3M	0.62%	9
2025 Q4	$74.7M	Buy	109,500 +50,900	+87%	+$34.4M	0.37%	39
2025 Q3	$39M	Sell	58,600 -89,400	-60%	-$57.3M	0.19%	59
2025 Q2	$91.4M	Buy	148,000 +28,400	+24%	+$16.2M	0.85%	14
2025 Q1	$66.9M	Buy	119,600 +69,600	+139%	+$40.9M	0.37%	38
2024 Q4	$29.3M	Sell	50,000 -575,000	-92%	-$339M	0.17%	33
2024 Q3	$359M	Buy	625,000 +500,000	+400%	+$276M	3.64%	4
2024 Q2	$68M	Buy	+125,000	New	+$65.4M	0.56%	23
2024 Q1	–	Sell	-20,000	Closed	-$9.51M	–	590
2023 Q4	$9.51M	Sell	20,000 -574,000	-97%	-$256M	0.38%	22
2023 Q3	$254M	Sell	594,000 -80,500	-12%	-$35.8M	5.33%	4
2023 Q2	$299M	Sell	674,500 -1,425,500	-68%	-$598M	7.3%	1
2023 Q1	$860M	Buy	2,100,000 +699,400	+50%	+$279M	10.39%	1
2022 Q4	$536M	Buy	1,400,600 +569,200	+68%	+$219M	7.21%	1
2022 Q3	$297M	Sell	831,400 -477,500	-36%	-$190M	4.01%	1
2022 Q2	$494M	Sell	1,308,900 -585,300	-31%	-$240M	8.43%	1
2022 Q1	$855M	Buy	1,894,200 +1,402,300	+285%	+$624M	12.22%	1
2021 Q4	$234M	Sell	491,900 -220,300	-31%	-$101M	4.96%	4
2021 Q3	$306M	Sell	712,200 -525,200	-42%	-$232M	3.77%	6
2021 Q2	$530M	Buy	1,237,400 +398,700	+48%	+$166M	8.55%	1
2021 Q1	$332M	Buy	838,700 +553,700	+194%	+$214M	6.56%	1
2020 Q4	$107M	Buy	285,000 +235,000	+470%	+$83.4M	5.29%	2
2020 Q3	$16.7M	Sell	50,000 -581,900	-92%	-$193M	2.13%	12
2020 Q2	$195M	Buy	631,900 +391,900	+163%	+$115M	6.93%	2
2020 Q1	$61.9M	Sell	240,000 -1,065,000	-82%	-$325M	2.23%	4
2019 Q4	$420M	Sell	1,305,000 -237,500	-15%	-$73.1M	8.97%	1
2019 Q3	$458M	Buy	1,542,500 +1,512,500	+5,042%	+$447M	9.73%	1
2019 Q2	$8.79M	Buy	+30,000	New	+$8.64M	1.81%	16

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.