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Capula Management Portfolio holdings
AUM
$28B
Turnover
51.43%
1-Year Est. Return
22.67%
This Fund
S&P 500
This Quarter Est. Return
+16.2%
1 Year Est. Return
+22.67%
3 Year Est. Return
+90.67%
5 Year Est. Return
+93.79%
10 Year Est. Return
+167.22%
AUM
$28B
AUM Growth
+$13.9B
(+99%)
Cap. Flow
+$13.1B
Cap. Flow % of AUM
Cap. Flow %
46.94%
Top 10 Holdings %
Top 10 Hldgs %
73.32%
Holding
1,190
New
122
Increased
162
Reduced
335
Closed
490
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$7.98B |
| 2 |
Novanta Inc Units
NOVTU
|
+$1.24B |
| 3 |
PPL Corp Corporate Units
PPLC
|
+$1.11B |
| 4 |
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
|
+$1.08B |
| 5 |
Alibaba
BABA
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.13B |
| 2 |
Clearwater Analytics
CWAN
|
+$63.3M |
| 3 |
Amicus Therapeutics
FOLD
|
+$46.2M |
| 4 |
Sealed Air
SEE
|
+$38.6M |
| 5 |
Hologic
HOLX
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.78% |
| 2 | Technology | 4.48% |
| 3 | Consumer Discretionary | 3.01% |
| 4 | Industrials | 1.78% |
| 5 | Healthcare | 0.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
226
Samsara
IOT
$24.3B
| $2.11M | 0.01% |
64,956
-9,311
| -13% | -$288K |
2026 Q1
1 quarter
|
|
227
CALL
TSMC
TSM
$2.2T
| $2.1M | 0.01% |
4,400
| – | – |
2025 Q1
5 quarters
|
|
228
PUT
Canadian National Railway
CNI
$73B
| $2.07M | 0.01% |
17,400
| – | – |
2026 Q1
1 quarter
|
|
229
CALL
Verizon
VZ
$186B
| $2.06M | 0.01% |
48,600
+32,200
| +196% | +$1.51M |
2024 Q2
8 quarters
|
|
230
CALL
JPMorgan Chase
JPM
$896B
| $2.03M | 0.01% |
6,200
-5,400
| -47% | -$1.68M |
2025 Q1
5 quarters
|
|
231
International Money Express
IMXI
$295M
| $2.02M | 0.01% |
140,000
-490,191
| -78% | -$7.51M |
2026 Q1
1 quarter
|
|
232
PUT
UnitedHealth
UNH
$374B
| $1.95M | 0.01% |
4,700
-1,400
| -23% | -$519K |
2025 Q3
3 quarters
|
|
233
PUT
GE Aerospace
GE
$309B
| $1.94M | 0.01% |
5,200
-6,900
| -57% | -$2.16M |
2024 Q2
8 quarters
|
|
234
PUT
Shell
SHEL
$300B
| $1.94M | 0.01% |
25,000
+20,600
| +468% | +$1.78M |
2026 Q1
1 quarter
|
|
235
Casey's General Stores
CASY
$26B
| $1.93M | 0.01% |
+2,424
| New | +$1.95M |
2026 Q2
0 quarters
|
|
236
PUT
Home Depot
HD
$313B
| $1.9M | 0.01% |
5,400
-26,100
| -83% | -$8.49M |
2024 Q1
9 quarters
|
|
237
CALL
Morgan Stanley
MS
$284B
| $1.9M | 0.01% |
9,100
-2,200
| -19% | -$436K |
2025 Q1
5 quarters
|
|
238
Zillow
Z
$7.03B
| $1.9M | 0.01% |
60,261
+2,909
| +5% | +$112K |
2025 Q3
3 quarters
|
|
239
PUT
US Bancorp
USB
$91.4B
| $1.72M | 0.01% |
28,400
+16,400
| +137% | +$919K |
2025 Q1
5 quarters
|
|
240
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$46.5B
| $1.71M | 0.01% |
10,800
-19,300
| -64% | -$2.87M |
2026 Q1
1 quarter
|
|
241
DELISTED
Avanos Medical
AVNS
| $1.7M | 0.01% |
+68,423
| New | +$1.6M |
2026 Q2
0 quarters
|
|
242
Brookfield Asset Management
BAM
$73B
| $1.7M | 0.01% |
37,800
| – | – |
2025 Q1
5 quarters
|
|
243
PUT
Kennametal
KMT
$2.34B
| $1.67M | 0.01% |
47,600
| – | – |
2026 Q1
1 quarter
|
|
244
Costco
COST
$442B
| $1.65M | 0.01% |
1,767
-334
| -16% | -$333K |
2022 Q2
16 quarters
|
|
245
PUT
Visa
V
$764B
| $1.61M | 0.01% |
4,700
-16,800
| -78% | -$5.39M |
2024 Q1
9 quarters
|
|
246
PUT
O'Reilly Automotive
ORLY
$72.6B
| $1.6M | 0.01% |
17,400
-7,500
| -30% | -$684K |
2025 Q1
5 quarters
|
|
247
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$3.45B
| $1.57M | 0.01% |
21,000
-129,000
| -86% | -$9.03M |
2025 Q3
3 quarters
|
|
248
CALL
McDonald's
MCD
$173B
| $1.57M | 0.01% |
5,800
+3,000
| +107% | +$860K |
2025 Q1
5 quarters
|
|
|
249
Kennametal
KMT
$2.34B
| $1.53M | 0.01% |
43,657
+15,118
| +53% | +$551K |
2026 Q1
1 quarter
|
|
250
Astera Labs
ALAB
$50.1B
| $1.51M | 0.01% |
3,134
-20,437
| -87% | -$5.42M |
2025 Q3
3 quarters
|
|
Similar funds
Capula Management's Q2 2026 Portfolio in Review
As of Q2 2026, Capula Management held 1,190 positions worth $28B, up 99% from $14.1B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Capula Management deployed $13.1B of net new capital in Q2 2026, opening 122 new positions and adding to 162 existing holdings. Its largest new stake was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, down from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.13B trimmed.
- Capula Management's largest Q2 2026 buy was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
- Capula Management added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $7.98B increase.
- Capula Management's biggest Q2 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.13B.
- Capula Management fully exited Clearwater Analytics in Q2 2026, selling an estimated $63.3M.
- Capula Management's ten largest holdings make up 73% of its $28B portfolio in Q2 2026.
- Capula Management opened 122 new positions and closed 490 in Q2 2026.
- Capula Management's portfolio value rose 99% quarter-over-quarter to $28B.
Based on Capula Management's 13F filing for Q2 2026, filed 14 Aug 2026.