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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
+16.2%
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
$28B
AUM Growth
+$13.9B
(+99%)
Cap. Flow
+$13.1B
Cap. Flow % of AUM
Cap. Flow %
46.94%
Top 10 Holdings %
Top 10 Hldgs %
73.32%
Holding
1,190
New
122
Increased
162
Reduced
335
Closed
490
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$7.98B |
| 2 |
Novanta Inc Units
NOVTU
|
+$1.24B |
| 3 |
PPL Corp Corporate Units
PPLC
|
+$1.11B |
| 4 |
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
|
+$1.08B |
| 5 |
Alibaba
BABA
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.13B |
| 2 |
Clearwater Analytics
CWAN
|
+$63.3M |
| 3 |
Amicus Therapeutics
FOLD
|
+$46.2M |
| 4 |
Sealed Air
SEE
|
+$38.6M |
| 5 |
Hologic
HOLX
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.78% |
| 2 | Technology | 4.48% |
| 3 | Consumer Discretionary | 3.01% |
| 4 | Industrials | 1.78% |
| 5 | Healthcare | 0.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Tesla
TSLA
$1.45T
| $114M | 0.41% |
270,235
+220,411
| +442% | +$87.7M |
2024 Q3
7 quarters
|
|
27
PUT
Amgen
AMGN
$230B
| $109M | 0.39% |
300,200
+298,100
| +14,195% | +$102M |
2024 Q2
8 quarters
|
|
|
28
Amgen
AMGN
$230B
| $109M | 0.39% |
300,064
+300,003
| +491,808% | +$103M |
2024 Q2
8 quarters
|
|
29
Linde
LIN
$232B
| $104M | 0.37% |
200,180
+200,134
| +435,074% | +$101M |
2024 Q4
6 quarters
|
|
|
30
PUT
Linde
LIN
$232B
| $104M | 0.37% |
200,100
+198,300
| +11,017% | +$100M |
2024 Q2
8 quarters
|
|
31
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$28.8B
| $102M | 0.36% |
931,663
+862,619
| +1,249% | +$94M |
2026 Q1
1 quarter
|
|
32
Credo Technology Group
CRDO
$32.5B
| $96.5M | 0.35% |
354,933
+316,860
| +832% | +$62.6M |
2026 Q1
1 quarter
|
|
|
33
PUT
Credo Technology Group
CRDO
$32.5B
| $95.2M | 0.34% |
+350,000
| New | +$69.2M |
2026 Q2
0 quarters
|
|
34
PUT
Strategy Inc
MSTR
$57.6B
| $87.3M | 0.31% |
1,004,200
+990,500
| +7,230% | +$144M |
2024 Q4
6 quarters
|
|
|
35
Strategy Inc
MSTR
$57.6B
| $87.1M | 0.31% |
1,002,482
+998,026
| +22,397% | +$145M |
2024 Q4
6 quarters
|
|
36
DELISTED
Warner Bros
WBD
| $83.6M | 0.3% |
3,137,200
+1,905,281
| +155% | +$51.5M |
2025 Q4
2 quarters
|
|
37
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $80M | 0.29% |
+1,000,000
| New | +$80M |
2026 Q2
0 quarters
|
|
38
PUT
Qualcomm
QCOM
$185B
| $78M | 0.28% |
422,200
+381,100
| +927% | +$71.3M |
2024 Q2
8 quarters
|
|
|
39
Qualcomm
QCOM
$185B
| $77.7M | 0.28% |
420,674
+404,941
| +2,574% | +$75.7M |
2024 Q2
8 quarters
|
|
40
PUT
KLA
KLAC
$217B
| $68.5M | 0.24% |
227,100
+173,100
| +321% | +$34.4M |
2023 Q1
13 quarters
|
|
|
41
KLA
KLAC
$217B
| $68M | 0.24% |
225,329
+208,729
| +1,257% | +$41.4M |
2025 Q3
3 quarters
|
|
42
PUT
Nike
NKE
$55.3B
| $65.7M | 0.23% |
1,600,400
+1,580,200
| +7,823% | +$69.5M |
2025 Q1
5 quarters
|
|
|
43
Nike
NKE
$55.3B
| $65.7M | 0.23% |
1,600,267
+1,592,985
| +21,876% | +$70.1M |
2025 Q1
5 quarters
|
|
|
44
CALL
Tesla
TSLA
$1.45T
| $62.5M | 0.22% |
148,700
-557,100
| -79% | -$222M |
2025 Q1
5 quarters
|
|
45
PUT
NVIDIA
NVDA
$5.24T
| $60.9M | 0.22% |
304,500
-878,300
| -74% | -$181M |
2024 Q1
9 quarters
|
|
46
PUT
Analog Devices
ADI
$191B
| $60.3M | 0.22% |
151,800
+127,400
| +522% | +$50.4M |
2024 Q2
8 quarters
|
|
|
47
Analog Devices
ADI
$191B
| $59.7M | 0.21% |
150,393
+143,848
| +2,198% | +$56.9M |
2026 Q1
1 quarter
|
|
48
Ulta Beauty
ULTA
$25.3B
| $58.6M | 0.21% |
+130,000
| New | +$66M |
2026 Q2
0 quarters
|
|
|
49
PUT
Ulta Beauty
ULTA
$25.3B
| $58.6M | 0.21% |
+130,000
| New | +$66M |
2026 Q2
0 quarters
|
|
50
Kenvue
KVUE
$36.2B
| $58.6M | 0.21% |
3,067,547
+820,075
| +36% | +$14.4M |
2025 Q4
2 quarters
|
|
Similar funds
Capula Management's Q2 2026 Portfolio in Review
As of Q2 2026, Capula Management held 1,190 positions worth $28B, up 99% from $14.1B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Capula Management deployed $13.1B of net new capital in Q2 2026, opening 122 new positions and adding to 162 existing holdings. Its largest new stake was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, down from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.13B trimmed.
- Capula Management's largest Q2 2026 buy was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
- Capula Management added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $7.98B increase.
- Capula Management's biggest Q2 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.13B.
- Capula Management fully exited Clearwater Analytics in Q2 2026, selling an estimated $63.3M.
- Capula Management's ten largest holdings make up 73% of its $28B portfolio in Q2 2026.
- Capula Management opened 122 new positions and closed 490 in Q2 2026.
- Capula Management's portfolio value rose 99% quarter-over-quarter to $28B.
Based on Capula Management's 13F filing for Q2 2026, filed 14 Aug 2026.