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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 | |
|---|---|---|---|---|---|---|---|
326
PUT
Vulcan Materials
VMC
$34.3B
| $708K | ﹤0.01% |
2,400
-200
| -8% | -$57.3K |
2025 Q4
2 quarters
|
|
327
iShares Russell 2000 Value ETF
IWN
$13.7B
| $705K | ﹤0.01% |
3,185
-1,084
| -25% | -$227K |
2025 Q4
2 quarters
|
|
328
Micron Technology
MU
$1.03T
| $696K | ﹤0.01% |
603
-21,242
| -97% | -$15.9M |
2025 Q3
3 quarters
|
|
329
CoreWeave
CRWV
$34.1B
| $695K | ﹤0.01% |
6,979
-41,825
| -86% | -$4.51M |
2025 Q3
3 quarters
|
|
330
CALL
CVS Health
CVS
$120B
| $693K | ﹤0.01% |
6,700
-1,800
| -21% | -$161K |
2025 Q2
4 quarters
|
|
331
PUT
Yum China
YUMC
$15B
| $687K | ﹤0.01% |
16,800
| – | – |
2026 Q1
1 quarter
|
|
332
CALL
Capital One
COF
$127B
| $682K | ﹤0.01% |
3,400
-1,100
| -24% | -$210K |
2025 Q2
4 quarters
|
|
|
333
PUT
Capital One
COF
$127B
| $682K | ﹤0.01% |
3,400
-2,400
| -41% | -$459K |
2025 Q1
5 quarters
|
|
334
CALL
Meta Platforms (Facebook)
META
$1.78T
| $676K | ﹤0.01% |
1,200
-6,600
| -85% | -$4.04M |
2025 Q1
5 quarters
|
|
335
CALL
Home Depot
HD
$313B
| $670K | ﹤0.01% |
1,900
-5,200
| -73% | -$1.69M |
2025 Q1
5 quarters
|
|
336
CALL
Stellantis
STLA
$12.3B
| $667K | ﹤0.01% |
116,200
| – | – |
2026 Q1
1 quarter
|
|
337
CALL
TransDigm Group
TDG
$62.4B
| $666K | ﹤0.01% |
500
| – | – |
2026 Q1
1 quarter
|
|
|
338
PUT
TransDigm Group
TDG
$62.4B
| $666K | ﹤0.01% |
500
| – | – |
2026 Q1
1 quarter
|
|
339
PUT
AT&T
T
$150B
| $664K | ﹤0.01% |
32,100
-27,300
| -46% | -$678K |
2025 Q1
5 quarters
|
|
340
PUT
Vornado Realty Trust
VNO
$6.14B
| $652K | ﹤0.01% |
16,600
| – | – |
2026 Q1
1 quarter
|
|
|
341
NextEra Energy
NEE
$163B
| $651K | ﹤0.01% |
7,414
+567
| +8% | +$51.3K |
2026 Q1
1 quarter
|
|
342
PUT
Berkshire Hathaway Class B
BRK.B
$1.15T
| $651K | ﹤0.01% |
1,300
-3,100
| -70% | -$1.49M |
2025 Q3
3 quarters
|
|
343
Boston Scientific
BSX
$64.5B
| $650K | ﹤0.01% |
+15,222
| New | +$827K |
2026 Q2
0 quarters
|
|
|
344
CALL
Vulcan Materials
VMC
$34.3B
| $649K | ﹤0.01% |
2,200
-200
| -8% | -$57.3K |
2025 Q4
2 quarters
|
|
345
CALL
Extra Space Storage
EXR
$29.6B
| $639K | ﹤0.01% |
4,400
-400
| -8% | -$57.2K |
2026 Q1
1 quarter
|
|
|
346
CALL
AT&T
T
$150B
| $635K | ﹤0.01% |
30,700
-12,600
| -29% | -$313K |
2025 Q1
5 quarters
|
|
347
PUT
Teradyne
TER
$54B
| $629K | ﹤0.01% |
1,300
-5,500
| -81% | -$2.07M |
2026 Q1
1 quarter
|
|
348
CALL
A.O. Smith
AOS
$8.11B
| $627K | ﹤0.01% |
10,000
| – | – |
2026 Q1
1 quarter
|
|
|
349
PUT
A.O. Smith
AOS
$8.11B
| $627K | ﹤0.01% |
10,000
| – | – |
2026 Q1
1 quarter
|
|
350
PUT
Marvell Technology
MRVL
$220B
| $626K | ﹤0.01% |
2,100
-44,000
| -95% | -$8.82M |
2024 Q2
8 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.