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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 | |
|---|---|---|---|---|---|---|---|
451
CALL
Procter & Gamble
PG
$365B
| $650K | ﹤0.01% |
4,500
-1,400
| -24% | -$212K |
2025 Q1
4 quarters
|
|
452
NextEra Energy
NEE
$165B
| $636K | ﹤0.01% |
+6,847
| New | +$609K |
2026 Q1
0 quarters
|
|
453
PUT
Public Service Enterprise Group
PEG
$35B
| $631K | ﹤0.01% |
+7,800
| New | +$639K |
2026 Q1
0 quarters
|
|
454
PUT
KE Holdings
BEKE
$19.6B
| $630K | ﹤0.01% |
+42,100
| New | +$723K |
2026 Q1
0 quarters
|
|
455
JD.com
JD
$37B
| $630K | ﹤0.01% |
21,290
-1,308,710
| -98% | -$37M |
2025 Q4
1 quarter
|
|
456
CALL
Extra Space Storage
EXR
$29.1B
| $629K | ﹤0.01% |
+4,800
| New | +$677K |
2026 Q1
0 quarters
|
|
457
PUT
US Bancorp
USB
$89.4B
| $624K | ﹤0.01% |
12,000
+5,300
| +79% | +$291K |
2025 Q1
4 quarters
|
|
458
CALL
Strategy Inc
MSTR
$64.1B
| $624K | ﹤0.01% |
5,000
+400
| +9% | +$57.2K |
2025 Q2
3 quarters
|
|
459
Sysco
SYY
$40.4B
| $620K | ﹤0.01% |
8,686
+2,152
| +33% | +$178K |
2025 Q3
2 quarters
|
|
460
CALL
GE Vernova
GEV
$247B
| $611K | ﹤0.01% |
700
| – | – |
2025 Q2
3 quarters
|
|
461
CALL
CVS Health
CVS
$118B
| $610K | ﹤0.01% |
8,500
+6,200
| +270% | +$478K |
2025 Q2
3 quarters
|
|
462
DELISTED
Mister Car Wash
MCW
| $610K | ﹤0.01% |
+87,533
| New | +$562K |
2026 Q1
0 quarters
|
|
463
CALL
Altria Group
MO
$123B
| $607K | ﹤0.01% |
9,200
+5,800
| +171% | +$373K |
2025 Q1
4 quarters
|
|
464
Medtronic
MDT
$122B
| $606K | ﹤0.01% |
6,991
+4,405
| +170% | +$422K |
2025 Q1
4 quarters
|
|
465
Charles Schwab
SCHW
$163B
| $596K | ﹤0.01% |
+6,340
| New | +$622K |
2026 Q1
0 quarters
|
|
466
CALL
Stryker
SYK
$112B
| $591K | ﹤0.01% |
1,800
+900
| +100% | +$323K |
2025 Q2
3 quarters
|
|
467
CALL
Under Armour
UAA
$2.1B
| $591K | ﹤0.01% |
+100,000
| New | +$648K |
2026 Q1
0 quarters
|
|
|
468
PUT
Under Armour
UAA
$2.1B
| $591K | ﹤0.01% |
+100,000
| New | +$648K |
2026 Q1
0 quarters
|
|
469
PUT
Honeywell
HON
$66.7B
| $588K | ﹤0.01% |
2,600
-4,200
| -62% | -$960K |
2024 Q3
6 quarters
|
|
470
PUT
Cigna
CI
$79B
| $587K | ﹤0.01% |
2,200
+1,700
| +340% | +$470K |
2025 Q4
1 quarter
|
|
471
CALL
TransDigm Group
TDG
$62.7B
| $579K | ﹤0.01% |
+500
| New | +$655K |
2026 Q1
0 quarters
|
|
|
472
PUT
TransDigm Group
TDG
$62.7B
| $579K | ﹤0.01% |
+500
| New | +$655K |
2026 Q1
0 quarters
|
|
473
CALL
Blackrock
BLK
$174B
| $577K | ﹤0.01% |
600
+200
| +50% | +$210K |
2025 Q1
4 quarters
|
|
474
PennyMac Financial
PFSI
$3.18B
| $577K | ﹤0.01% |
6,602
-1,474
| -18% | -$159K |
2025 Q4
1 quarter
|
|
475
PUT
APA Corp
APA
$16.5B
| $573K | ﹤0.01% |
13,500
| – | – |
2025 Q3
2 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.