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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 | |
|---|---|---|---|---|---|---|---|
401
PUT
Allegion
ALLE
$13.2B
| $785K | 0.01% |
+5,400
| New | +$861K |
2026 Q1
0 quarters
|
|
402
DELISTED
Leggett & Platt
LEG
| $784K | 0.01% |
+79,400
| New | +$907K |
2026 Q1
0 quarters
|
|
403
Berkshire Hathaway Class B
BRK.B
$1.13T
| $784K | 0.01% |
1,636
-98,381
| -98% | -$48.3M |
2025 Q3
2 quarters
|
|
404
Equifax
EFX
$18.9B
| $782K | 0.01% |
+4,345
| New | +$863K |
2026 Q1
0 quarters
|
|
405
PUT
Manulife Financial
MFC
$72.6B
| $782K | 0.01% |
+22,700
| New | +$817K |
2026 Q1
0 quarters
|
|
406
CALL
ExxonMobil
XOM
$718B
| $780K | 0.01% |
4,600
-6,200
| -57% | -$905K |
2025 Q1
4 quarters
|
|
407
PUT
Altria Group
MO
$123B
| $779K | 0.01% |
11,800
+6,900
| +141% | +$444K |
2025 Q1
4 quarters
|
|
|
408
PUT
IBM
IBM
$221B
| $776K | 0.01% |
3,200
-680,600
| -100% | -$184M |
2024 Q3
6 quarters
|
|
409
CALL
NextEra Energy
NEE
$165B
| $771K | 0.01% |
8,300
-20,700
| -71% | -$1.84M |
2025 Q1
4 quarters
|
|
410
PUT
Pfizer
PFE
$168B
| $764K | 0.01% |
27,200
+100
| +0.4% | +$2.66K |
2024 Q4
5 quarters
|
|
411
PUT
Sysco
SYY
$40.4B
| $763K | 0.01% |
10,700
+1,100
| +11% | +$90.9K |
2025 Q3
2 quarters
|
|
412
Royal Caribbean
RCL
$74.9B
| $758K | 0.01% |
2,753
+2,156
| +361% | +$642K |
2025 Q4
1 quarter
|
|
413
PUT
MSCI
MSCI
$41.8B
| $755K | 0.01% |
1,400
+100
| +8% | +$56.4K |
2025 Q3
2 quarters
|
|
414
PUT
Fair Isaac
FICO
$16.6B
| $747K | 0.01% |
+700
| New | +$960K |
2026 Q1
0 quarters
|
|
415
PUT
Yum! Brands
YUM
$41.2B
| $746K | 0.01% |
+4,800
| New | +$760K |
2026 Q1
0 quarters
|
|
416
PUT
CVS Health
CVS
$118B
| $740K | 0.01% |
10,300
+6,100
| +145% | +$470K |
2025 Q1
4 quarters
|
|
417
PUT
Amgen
AMGN
$235B
| $739K | 0.01% |
2,100
-113,500
| -98% | -$40.5M |
2024 Q2
7 quarters
|
|
418
Moderna
MRNA
$94.4B
| $737K | 0.01% |
+14,500
| New | +$676K |
2026 Q1
0 quarters
|
|
419
Teradyne
TER
$53.7B
| $733K | 0.01% |
+2,471
| New | +$689K |
2026 Q1
0 quarters
|
|
420
CALL
Deere & Co
DE
$175B
| $732K | 0.01% |
1,300
+700
| +117% | +$395K |
2025 Q2
3 quarters
|
|
421
CALL
TeraWulf
WULF
$6.3B
| $722K | 0.01% |
50,000
| – | – |
2025 Q3
2 quarters
|
|
|
422
PUT
TeraWulf
WULF
$6.3B
| $722K | 0.01% |
50,000
| – | – |
2025 Q3
2 quarters
|
|
423
PUT
DoorDash
DASH
$83.6B
| $721K | 0.01% |
4,800
+4,100
| +586% | +$758K |
2025 Q4
1 quarter
|
|
424
Palo Alto Networks
PANW
$303B
| $719K | 0.01% |
4,487
-3,448
| -43% | -$579K |
2025 Q1
4 quarters
|
|
425
ASE Group
ASX
$109B
| $719K | 0.01% |
33,160
-11,000
| -25% | -$231K |
2024 Q3
6 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.