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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 | |
|---|---|---|---|---|---|---|---|
276
Baidu
BIDU
$28.1B
| $1.7M | 0.01% |
+15,290
| New | +$2.07M |
2026 Q1
0 quarters
|
|
277
CALL
Constellation Energy
CEG
$97.4B
| $1.7M | 0.01% |
6,100
-300
| -5% | -$91.2K |
2025 Q2
3 quarters
|
|
278
PUT
Fortinet
FTNT
$133B
| $1.68M | 0.01% |
20,500
+19,300
| +1,608% | +$1.56M |
2025 Q4
1 quarter
|
|
279
Lowe's Companies
LOW
$110B
| $1.65M | 0.01% |
6,988
-34,640
| -83% | -$9.03M |
2024 Q3
6 quarters
|
|
280
PUT
UnitedHealth
UNH
$365B
| $1.65M | 0.01% |
6,100
+4,400
| +259% | +$1.31M |
2025 Q3
2 quarters
|
|
281
Life Time Group Holdings
LTH
$9.06B
| $1.64M | 0.01% |
+60,756
| New | +$1.68M |
2026 Q1
0 quarters
|
|
282
Cisco
CSCO
$433B
| $1.63M | 0.01% |
21,064
+20,937
| +16,486% | +$1.64M |
2024 Q2
7 quarters
|
|
283
CALL
Marvell Technology
MRVL
$217B
| $1.6M | 0.01% |
16,200
-13,800
| -46% | -$1.16M |
2025 Q4
1 quarter
|
|
284
Cummins
CMI
$73.3B
| $1.59M | 0.01% |
2,964
-3,310
| -53% | -$1.87M |
2025 Q3
2 quarters
|
|
285
Netflix
NFLX
$302B
| $1.59M | 0.01% |
16,554
-3,485
| -17% | -$307K |
2023 Q3
10 quarters
|
|
286
VSE Corp
VSEC
$4.53B
| $1.58M | 0.01% |
+8,576
| New | +$1.75M |
2026 Q1
0 quarters
|
|
287
PUT
Realty Income
O
$52.6B
| $1.56M | 0.01% |
25,500
+8,200
| +47% | +$513K |
2025 Q3
2 quarters
|
|
288
PUT
Ross Stores
ROST
$75B
| $1.56M | 0.01% |
7,200
+5,900
| +454% | +$1.18M |
2025 Q3
2 quarters
|
|
289
PUT
Microchip Technology
MCHP
$40.3B
| $1.53M | 0.01% |
+23,700
| New | +$1.7M |
2026 Q1
0 quarters
|
|
290
ExxonMobil
XOM
$718B
| $1.53M | 0.01% |
9,007
-793,009
| -99% | -$116M |
2024 Q3
6 quarters
|
|
291
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.5B
| $1.51M | 0.01% |
18,375
-2,190
| -11% | -$184K |
2025 Q4
1 quarter
|
|
292
Howmet Aerospace
HWM
$87.6B
| $1.51M | 0.01% |
+6,531
| New | +$1.52M |
2026 Q1
0 quarters
|
|
293
PUT
Uber
UBER
$146B
| $1.5M | 0.01% |
20,800
-2,251,600
| -99% | -$173M |
2024 Q4
5 quarters
|
|
294
Johnson & Johnson
JNJ
$610B
| $1.49M | 0.01% |
6,095
+4,425
| +265% | +$1.03M |
2024 Q1
8 quarters
|
|
295
Cadence Design Systems
CDNS
$89.3B
| $1.49M | 0.01% |
5,355
+5,300
| +9,636% | +$1.58M |
2025 Q4
1 quarter
|
|
296
CALL
TSMC
TSM
$2.19T
| $1.49M | 0.01% |
4,400
-29,000
| -87% | -$9.98M |
2025 Q1
4 quarters
|
|
|
297
CALL
Cisco
CSCO
$433B
| $1.47M | 0.01% |
19,000
+13,700
| +258% | +$1.07M |
2025 Q1
4 quarters
|
|
298
NRG Energy
NRG
$21.6B
| $1.46M | 0.01% |
+10,004
| New | +$1.57M |
2026 Q1
0 quarters
|
|
299
Walmart Inc
WMT
$935B
| $1.44M | 0.01% |
11,608
-47,316
| -80% | -$5.81M |
2024 Q2
7 quarters
|
|
300
Teck Resources
TECK
$32.3B
| $1.44M | 0.01% |
20,196
+3,757
| +23% | +$201K |
2025 Q3
2 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.