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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 | |
|---|---|---|---|---|---|---|---|
376
PUT
Linde
LIN
$227B
| $892K | 0.01% |
1,800
+800
| +80% | +$377K |
2024 Q2
7 quarters
|
|
377
PUT
Airbnb
ABNB
$103B
| $871K | 0.01% |
6,900
+5,100
| +283% | +$663K |
2025 Q2
3 quarters
|
|
378
CALL
McDonald's
MCD
$172B
| $870K | 0.01% |
2,800
+1,100
| +65% | +$350K |
2025 Q1
4 quarters
|
|
379
PUT
PepsiCo
PEP
$175B
| $870K | 0.01% |
5,600
-500
| -8% | -$77.9K |
2024 Q1
8 quarters
|
|
380
PUT
Blackrock
BLK
$174B
| $866K | 0.01% |
900
+200
| +29% | +$210K |
2024 Q4
5 quarters
|
|
381
PUT
Sherwin-Williams
SHW
$81.8B
| $865K | 0.01% |
2,700
| – | – |
2025 Q1
4 quarters
|
|
382
PUT
Stryker
SYK
$112B
| $854K | 0.01% |
2,600
+1,100
| +73% | +$395K |
2025 Q1
4 quarters
|
|
383
CALL
Assurant
AIZ
$13.9B
| $849K | 0.01% |
+3,900
| New | +$889K |
2026 Q1
0 quarters
|
|
|
384
PUT
Assurant
AIZ
$13.9B
| $849K | 0.01% |
+3,900
| New | +$889K |
2026 Q1
0 quarters
|
|
385
PUT
Vertex Pharmaceuticals
VRTX
$129B
| $848K | 0.01% |
1,900
+1,500
| +375% | +$699K |
2025 Q1
4 quarters
|
|
386
VanEck Gold Miners ETF
GDX
$26.1B
| $844K | 0.01% |
9,196
-9,564
| -51% | -$942K |
2025 Q1
4 quarters
|
|
387
CALL
Uber
UBER
$146B
| $842K | 0.01% |
11,700
+6,900
| +144% | +$531K |
2025 Q1
4 quarters
|
|
388
Corteva
CTVA
$8.59B
| $831K | 0.01% |
+9,933
| New | +$748K |
2026 Q1
0 quarters
|
|
389
CALL
Stellantis
STLA
$12.6B
| $824K | 0.01% |
+116,200
| New | +$973K |
2026 Q1
0 quarters
|
|
390
CALL
Verizon
VZ
$184B
| $823K | 0.01% |
16,400
+5,800
| +55% | +$269K |
2024 Q2
7 quarters
|
|
391
LiveRamp
RAMP
$2.28B
| $822K | 0.01% |
+30,991
| New | +$812K |
2026 Q1
0 quarters
|
|
392
CALL
Capital One
COF
$122B
| $821K | 0.01% |
4,500
+3,200
| +246% | +$669K |
2025 Q2
3 quarters
|
|
393
PUT
Yum China
YUMC
$15.1B
| $820K | 0.01% |
+16,800
| New | +$870K |
2026 Q1
0 quarters
|
|
394
iShares Russell 2000 Value ETF
IWN
$13.8B
| $809K | 0.01% |
4,269
-611
| -13% | -$118K |
2025 Q4
1 quarter
|
|
395
Union Pacific
UNP
$172B
| $807K | 0.01% |
3,326
+3,292
| +9,682% | +$806K |
2025 Q1
4 quarters
|
|
396
CALL
Johnson & Johnson
JNJ
$610B
| $807K | 0.01% |
3,300
+100
| +3% | +$23.3K |
2025 Q1
4 quarters
|
|
397
PUT
United Rentals
URI
$65.2B
| $801K | 0.01% |
1,100
+1,000
| +1,000% | +$840K |
2025 Q3
2 quarters
|
|
398
PUT
Eversource Energy
ES
$24.9B
| $797K | 0.01% |
11,500
| – | – |
2025 Q3
2 quarters
|
|
|
399
United Rentals
URI
$65.2B
| $794K | 0.01% |
1,090
+1,037
| +1,957% | +$871K |
2025 Q3
2 quarters
|
|
400
CALL
Allegion
ALLE
$13.2B
| $785K | 0.01% |
+5,400
| New | +$861K |
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.