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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
-3.58%
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
$14.1B
AUM Growth
-$5.9B
(-30%)
Cap. Flow
-$3.39B
Cap. Flow
% of AUM
-24.11%
Top 10 Holdings %
Top 10 Hldgs %
79.37%
Holding
1,232
New
420
Increased
312
Reduced
280
Closed
164
Avg Time Held Equity + Options
0.6
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$5.79B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$338M |
| 3 |
Clearwater Analytics
CWAN
|
+$60.4M |
| 4 |
Amicus Therapeutics
FOLD
|
+$45.3M |
| 5 |
AES
AES
|
+$36.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$7.4B |
| 2 |
iShares Bitcoin Trust
IBIT
|
+$471M |
| 3 |
iShares Ethereum Trust ETF
ETHA
|
+$207M |
| 4 |
Alibaba
BABA
|
+$201M |
| 5 |
IBM
IBM
|
+$184M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 91.1% |
| 2 | Technology | 2.36% |
| 3 | Healthcare | 1.29% |
| 4 | Communication Services | 1.11% |
| 5 | Consumer Discretionary | 1.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
251
Mastercard
MA
$540B
| $1.99M | 0.01% |
3,978
+3,684
| +1,253% | +$1.94M |
2024 Q4
5 quarters
|
|
252
State Street Health Care Select Sector SPDR ETF
XLV
$45.9B
| $1.98M | 0.01% |
13,489
+2,508
| +23% | +$387K |
2025 Q3
2 quarters
|
|
253
CALL
First Solar
FSLR
$19.2B
| $1.97M | 0.01% |
10,000
+9,000
| +900% | +$1.99M |
2025 Q3
2 quarters
|
|
|
254
PUT
First Solar
FSLR
$19.2B
| $1.97M | 0.01% |
10,000
+9,000
| +900% | +$1.99M |
2025 Q3
2 quarters
|
|
255
PUT
Hubbell
HUBB
$24.6B
| $1.96M | 0.01% |
+4,000
| New | +$1.96M |
2026 Q1
0 quarters
|
|
256
PUT
Darden Restaurants
DRI
$24.2B
| $1.96M | 0.01% |
+10,000
| New | +$2.06M |
2026 Q1
0 quarters
|
|
257
BKV Corp
BKV
$2.44B
| $1.96M | 0.01% |
+68,589
| New | +$1.99M |
2026 Q1
0 quarters
|
|
258
Lyft
LYFT
$6.5B
| $1.96M | 0.01% |
147,053
+140,845
| +2,269% | +$2.18M |
2025 Q2
3 quarters
|
|
259
CALL
Walmart Inc
WMT
$935B
| $1.95M | 0.01% |
15,700
+5,100
| +48% | +$626K |
2025 Q1
4 quarters
|
|
260
CALL
Dell
DELL
$301B
| $1.94M | 0.01% |
11,800
-9,900
| -46% | -$1.32M |
2025 Q3
2 quarters
|
|
261
PUT
NRG Energy
NRG
$21.6B
| $1.9M | 0.01% |
+13,000
| New | +$2.05M |
2026 Q1
0 quarters
|
|
262
Brookfield Asset Management
BAM
$73.4B
| $1.9M | 0.01% |
37,800
-53,052
| -58% | -$2.59M |
2025 Q1
4 quarters
|
|
263
CALL
Morgan Stanley
MS
$286B
| $1.86M | 0.01% |
11,300
-8,800
| -44% | -$1.52M |
2025 Q1
4 quarters
|
|
264
PUT
ServiceNow
NOW
$154B
| $1.85M | 0.01% |
17,700
+15,200
| +608% | +$1.79M |
2024 Q2
7 quarters
|
|
265
Pinduoduo
PDD
$117B
| $1.8M | 0.01% |
17,584
-16,858
| -49% | -$1.77M |
2025 Q3
2 quarters
|
|
266
PUT
MP Materials
MP
$7.41B
| $1.79M | 0.01% |
+37,100
| New | +$2.22M |
2026 Q1
0 quarters
|
|
267
PUT
Canadian National Railway
CNI
$72.9B
| $1.79M | 0.01% |
+17,400
| New | +$1.79M |
2026 Q1
0 quarters
|
|
268
CALL
Alphabet (Google) Class C
GOOG
$4.22T
| $1.78M | 0.01% |
+6,200
| New | +$1.95M |
2026 Q1
0 quarters
|
|
269
DELISTED
Cantaloupe
CTLP
| $1.77M | 0.01% |
+163,953
| New | +$1.73M |
2026 Q1
0 quarters
|
|
270
PUT
Monolithic Power Systems
MPWR
$61.4B
| $1.75M | 0.01% |
+1,600
| New | +$1.75M |
2026 Q1
0 quarters
|
|
271
PUT
AT&T
T
$161B
| $1.72M | 0.01% |
59,400
+30,500
| +106% | +$815K |
2025 Q1
4 quarters
|
|
272
PUT
Kennametal
KMT
$2.37B
| $1.72M | 0.01% |
+47,600
| New | +$1.73M |
2026 Q1
0 quarters
|
|
|
273
PUT
Morgan Stanley
MS
$286B
| $1.71M | 0.01% |
10,400
+4,700
| +82% | +$814K |
2022 Q2
15 quarters
|
|
274
PUT
Strategy Inc
MSTR
$64.1B
| $1.71M | 0.01% |
13,700
-112,900
| -89% | -$16.1M |
2024 Q4
5 quarters
|
|
275
Life360
LIF
$3.43B
| $1.71M | 0.01% |
+41,872
| New | +$2.17M |
2026 Q1
0 quarters
|
|
Similar funds
Capula Management's Q1 2026 Portfolio in Review
As of Q1 2026, Capula Management held 1,232 positions worth $14.1B, down 30% from $20B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Capula Management withdrew a net $3.39B in Q1 2026, closing 164 positions and reducing 280 holdings. Its most notable exit was iShares Bitcoin Trust, an estimated $471M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, up from 87% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Capula Management opened a new position in Penumbra worth $33.4M.
- Capula Management's largest Q1 2026 buy was Penumbra: 101,779 shares worth $33.4M.
- Capula Management added most to iShares Core S&P 500 ETF in Q1 2026, an estimated $5.79B increase.
- Capula Management's biggest Q1 2026 reduction was Vanguard S&P 500 ETF, cutting an estimated $7.4B.
- Capula Management fully exited iShares Bitcoin Trust in Q1 2026, selling an estimated $471M.
- Capula Management's ten largest holdings make up 79% of its $14.1B portfolio in Q1 2026.
- Capula Management opened 420 new positions and closed 164 in Q1 2026.
- Capula Management's portfolio value fell 30% quarter-over-quarter to $14.1B.
Based on Capula Management's 13F filing for Q1 2026, filed 14 May 2026.