We are live on
!
Find out more
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 | |
|---|---|---|---|---|---|---|---|
351
PUT
Capital One
COF
$125B
| $1.06M | 0.01% |
5,800
+3,800
| +190% | +$795K |
2025 Q1
4 quarters
|
|
352
PUT
Wells Fargo
WFC
$253B
| $1.05M | 0.01% |
13,200
-1,200
| -8% | -$103K |
2024 Q2
7 quarters
|
|
353
PUT
Ford
F
$50.6B
| $1.05M | 0.01% |
90,800
-66,100
| -42% | -$871K |
2025 Q3
2 quarters
|
|
354
Kinder Morgan
KMI
$74.6B
| $1.05M | 0.01% |
+31,169
| New | +$974K |
2026 Q1
0 quarters
|
|
355
Affirm
AFRM
$25.7B
| $1.04M | 0.01% |
22,768
-9,773
| -30% | -$565K |
2025 Q3
2 quarters
|
|
356
CrowdStrike
CRWD
$239B
| $1.04M | 0.01% |
+10,628
| New | +$1.13M |
2026 Q1
0 quarters
|
|
357
HEICO Corp
HEI
$43.6B
| $1.03M | 0.01% |
+3,773
| New | +$1.21M |
2026 Q1
0 quarters
|
|
358
Kennametal
KMT
$2.38B
| $1.03M | 0.01% |
+28,539
| New | +$1.04M |
2026 Q1
0 quarters
|
|
359
GE Aerospace
GE
$332B
| $1.02M | 0.01% |
3,609
+3,209
| +802% | +$1.01M |
2025 Q3
2 quarters
|
|
360
Waste Management
WM
$89.7B
| $1.02M | 0.01% |
4,442
+3,829
| +625% | +$880K |
2024 Q4
5 quarters
|
|
361
PUT
Evergy
EVRG
$19.1B
| $1.02M | 0.01% |
+12,400
| New | +$980K |
2026 Q1
0 quarters
|
|
362
CALL
Diamondback Energy
FANG
$55.3B
| $1.01M | 0.01% |
+5,100
| New | +$867K |
2026 Q1
0 quarters
|
|
363
PUT
Take-Two Interactive
TTWO
$38.7B
| $1.01M | 0.01% |
+5,100
| New | +$1.11M |
2026 Q1
0 quarters
|
|
364
PUT
Walt Disney
DIS
$193B
| $1M | 0.01% |
10,400
+1,700
| +20% | +$180K |
2025 Q1
4 quarters
|
|
365
Carpenter Technology
CRS
$19B
| $985K | 0.01% |
+2,499
| New | +$910K |
2026 Q1
0 quarters
|
|
366
Applovin
APP
$92.5B
| $977K | 0.01% |
2,454
-87,546
| -97% | -$42.3M |
2024 Q4
5 quarters
|
|
367
Caterpillar
CAT
$341B
| $965K | 0.01% |
1,362
-168,638
| -99% | -$117M |
2025 Q3
2 quarters
|
|
368
CALL
Netflix
NFLX
$295B
| $962K | 0.01% |
10,000
| – | – |
2025 Q1
4 quarters
|
|
369
CALL
Bank of America
BAC
$367B
| $960K | 0.01% |
19,700
+10,600
| +116% | +$547K |
2024 Q2
7 quarters
|
|
370
Caesars Entertainment
CZR
$5.93B
| $951K | 0.01% |
36,000
+22,150
| +160% | +$527K |
2025 Q3
2 quarters
|
|
371
PUT
Thermo Fisher Scientific
TMO
$255B
| $934K | 0.01% |
1,900
+700
| +58% | +$380K |
2024 Q2
7 quarters
|
|
372
PUT
SiriusXM
SIRI
$9.2B
| $923K | 0.01% |
+40,000
| New | +$860K |
2026 Q1
0 quarters
|
|
373
PUT
Chubb
CB
$137B
| $913K | 0.01% |
2,800
+2,000
| +250% | +$642K |
2025 Q1
4 quarters
|
|
374
PUT
American Electric Power
AEP
$68.8B
| $904K | 0.01% |
6,900
+4,900
| +245% | +$613K |
2025 Q2
3 quarters
|
|
375
CALL
Boeing
BA
$151B
| $896K | 0.01% |
4,500
+2,600
| +137% | +$592K |
2025 Q1
4 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.