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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 | |
|---|---|---|---|---|---|---|---|
326
Williams Companies
WMB
$84.7B
| $1.23M | 0.01% |
16,867
+16,405
| +3,551% | +$1.14M |
2025 Q2
3 quarters
|
|
327
PUT
Merck
MRK
$358B
| $1.23M | 0.01% |
10,200
-200
| -2% | -$23.1K |
2024 Q2
7 quarters
|
|
328
Exelon
EXC
$43.8B
| $1.22M | 0.01% |
+24,816
| New | +$1.15M |
2026 Q1
0 quarters
|
|
329
PUT
McKesson
MCK
$116B
| $1.21M | 0.01% |
1,400
+300
| +27% | +$268K |
2025 Q3
2 quarters
|
|
330
Canadian National Railway
CNI
$72.9B
| $1.21M | 0.01% |
+11,782
| New | +$1.22M |
2026 Q1
0 quarters
|
|
331
PUT
Coca-Cola
KO
$396B
| $1.19M | 0.01% |
15,700
| – | – |
2024 Q2
7 quarters
|
|
332
GE Vernova
GEV
$247B
| $1.19M | 0.01% |
+1,364
| New | +$1.06M |
2026 Q1
0 quarters
|
|
333
Parker-Hannifin
PH
$121B
| $1.18M | 0.01% |
+1,316
| New | +$1.25M |
2026 Q1
0 quarters
|
|
334
Deere & Co
DE
$175B
| $1.16M | 0.01% |
2,060
+1,567
| +318% | +$884K |
2025 Q1
4 quarters
|
|
335
PUT
Hilton Worldwide
HLT
$77.2B
| $1.16M | 0.01% |
3,800
+2,800
| +280% | +$849K |
2025 Q1
4 quarters
|
|
336
PUT
Marriott International
MAR
$101B
| $1.14M | 0.01% |
3,500
+2,500
| +250% | +$822K |
2024 Q3
6 quarters
|
|
337
Starbucks
SBUX
$110B
| $1.14M | 0.01% |
12,698
+8,409
| +196% | +$795K |
2024 Q3
6 quarters
|
|
338
PUT
General Motors
GM
$73.4B
| $1.12M | 0.01% |
15,000
-19,300
| -56% | -$1.53M |
2025 Q1
4 quarters
|
|
339
Qiagen
QGEN
$9.53B
| $1.11M | 0.01% |
+27,820
| New | +$1.32M |
2026 Q1
0 quarters
|
|
340
CALL
UnitedHealth
UNH
$365B
| $1.11M | 0.01% |
4,100
+1,400
| +52% | +$417K |
2025 Q1
4 quarters
|
|
341
PUT
Medtronic
MDT
$122B
| $1.11M | 0.01% |
12,800
+100
| +0.8% | +$9.58K |
2025 Q1
4 quarters
|
|
342
PUT
RTX Corp
RTX
$252B
| $1.1M | 0.01% |
5,700
+200
| +4% | +$39.8K |
2024 Q3
6 quarters
|
|
343
PUT
American Express
AXP
$212B
| $1.09M | 0.01% |
3,600
+1,000
| +38% | +$335K |
2024 Q4
5 quarters
|
|
344
Chevron
CVX
$430B
| $1.09M | 0.01% |
5,259
+1,250
| +31% | +$228K |
2024 Q4
5 quarters
|
|
345
PUT
Diamondback Energy
FANG
$54.8B
| $1.09M | 0.01% |
+5,500
| New | +$935K |
2026 Q1
0 quarters
|
|
346
Adobe
ADBE
$97.9B
| $1.08M | 0.01% |
4,462
+4,351
| +3,920% | +$1.21M |
2023 Q3
10 quarters
|
|
|
347
CALL
RTX Corp
RTX
$252B
| $1.08M | 0.01% |
5,600
+3,800
| +211% | +$756K |
2025 Q1
4 quarters
|
|
348
PUT
Nike
NKE
$55.2B
| $1.07M | 0.01% |
20,200
-625,100
| -97% | -$37.9M |
2025 Q1
4 quarters
|
|
349
CALL
AbbVie
ABBV
$501B
| $1.07M | 0.01% |
4,900
+1,200
| +32% | +$266K |
2025 Q1
4 quarters
|
|
350
PUT
Philip Morris
PM
$312B
| $1.06M | 0.01% |
6,400
+500
| +8% | +$86.9K |
2024 Q1
8 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.