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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 | |
|---|---|---|---|---|---|---|---|
426
Loar Holdings
LOAR
$5.88B
| $719K | 0.01% |
+12,547
| New | +$846K |
2026 Q1
0 quarters
|
|
427
CALL
Pfizer
PFE
$168B
| $716K | 0.01% |
25,500
+12,700
| +99% | +$338K |
2025 Q1
4 quarters
|
|
428
CALL
Coinbase
COIN
$48.5B
| $716K | 0.01% |
4,100
+2,200
| +116% | +$433K |
2025 Q3
2 quarters
|
|
429
CALL
UDR
UDR
$11B
| $713K | 0.01% |
+21,100
| New | +$775K |
2026 Q1
0 quarters
|
|
|
430
PUT
UDR
UDR
$11B
| $713K | 0.01% |
+21,100
| New | +$775K |
2026 Q1
0 quarters
|
|
431
CALL
Caterpillar
CAT
$338B
| $708K | 0.01% |
1,000
-300
| -23% | -$208K |
2025 Q1
4 quarters
|
|
432
PUT
Vulcan Materials
VMC
$32.7B
| $708K | 0.01% |
2,600
+2,300
| +767% | +$677K |
2025 Q4
1 quarter
|
|
433
Intuit
INTU
$88.2B
| $705K | 0.01% |
1,630
+1,480
| +987% | +$706K |
2025 Q3
2 quarters
|
|
434
PUT
Gilead Sciences
GILD
$195B
| $697K | 0.01% |
5,000
+100
| +2% | +$14K |
2025 Q1
4 quarters
|
|
435
CALL
American Express
AXP
$212B
| $696K | ﹤0.01% |
2,300
+1,600
| +229% | +$536K |
2025 Q1
4 quarters
|
|
436
CALL
Visa
V
$750B
| $695K | ﹤0.01% |
2,300
-1,900
| -45% | -$611K |
2025 Q1
4 quarters
|
|
437
PUT
Intuitive Surgical
ISRG
$151B
| $691K | ﹤0.01% |
1,500
+200
| +15% | +$101K |
2024 Q3
6 quarters
|
|
438
CNA Financial
CNA
$12.8B
| $690K | ﹤0.01% |
15,029
-41,482
| -73% | -$1.96M |
2025 Q1
4 quarters
|
|
439
PUT
ConocoPhillips
COP
$170B
| $686K | ﹤0.01% |
5,200
+2,200
| +73% | +$244K |
2024 Q3
6 quarters
|
|
440
PUT
AutoZone
AZO
$49.5B
| $676K | ﹤0.01% |
+200
| New | +$718K |
2026 Q1
0 quarters
|
|
441
Figma
FIG
$12.3B
| $674K | ﹤0.01% |
31,900
+10,465
| +49% | +$287K |
2025 Q3
2 quarters
|
|
442
Prologis
PLD
$121B
| $674K | ﹤0.01% |
5,098
+4,296
| +536% | +$574K |
2025 Q1
4 quarters
|
|
443
Bank of America
BAC
$362B
| $664K | ﹤0.01% |
13,619
+931
| +7% | +$48K |
2024 Q1
8 quarters
|
|
444
CALL
A.O. Smith
AOS
$8.08B
| $659K | ﹤0.01% |
+10,000
| New | +$721K |
2026 Q1
0 quarters
|
|
|
445
PUT
A.O. Smith
AOS
$8.08B
| $659K | ﹤0.01% |
+10,000
| New | +$721K |
2026 Q1
0 quarters
|
|
446
O'Reilly Automotive
ORLY
$71.6B
| $659K | ﹤0.01% |
7,140
+6,654
| +1,369% | +$624K |
2025 Q4
1 quarter
|
|
447
CALL
United Rentals
URI
$65.2B
| $656K | ﹤0.01% |
900
+800
| +800% | +$672K |
2025 Q3
2 quarters
|
|
448
Rio Tinto
RIO
$147B
| $655K | ﹤0.01% |
+7,020
| New | +$640K |
2026 Q1
0 quarters
|
|
|
449
CALL
Vulcan Materials
VMC
$32.7B
| $654K | ﹤0.01% |
2,400
+2,200
| +1,100% | +$647K |
2025 Q4
1 quarter
|
|
450
CALL
Chubb
CB
$136B
| $652K | ﹤0.01% |
2,000
+1,000
| +100% | +$321K |
2025 Q2
3 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.