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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 | |
|---|---|---|---|---|---|---|---|
501
IonQ
IONQ
$13.1B
| $252K | ﹤0.01% |
+4,724
| New | +$239K |
2026 Q2
0 quarters
|
|
502
NetEase
NTES
$78.7B
| $251K | ﹤0.01% |
1,961
-9,230
| -82% | -$1.09M |
2026 Q1
1 quarter
|
|
503
UBS Group
UBS
$147B
| $249K | ﹤0.01% |
+5,032
| New | +$229K |
2026 Q2
0 quarters
|
|
504
Tenet Healthcare
THC
$21.7B
| $249K | ﹤0.01% |
1,330
+97
| +8% | +$17.8K |
2026 Q1
1 quarter
|
|
505
CALL
Vertex Pharmaceuticals
VRTX
$133B
| $248K | ﹤0.01% |
500
-300
| -38% | -$133K |
2025 Q2
4 quarters
|
|
506
CSX Corp
CSX
$89.7B
| $248K | ﹤0.01% |
+5,224
| New | +$236K |
2026 Q2
0 quarters
|
|
507
PUT
Occidental Petroleum
OXY
$62.7B
| $248K | ﹤0.01% |
5,100
-2,700
| -35% | -$153K |
2026 Q1
1 quarter
|
|
508
Nextpower Inc. Common Stock
NXT
$12.4B
| $241K | ﹤0.01% |
+2,025
| New | +$250K |
2026 Q2
0 quarters
|
|
|
509
CALL
Occidental Petroleum
OXY
$62.7B
| $238K | ﹤0.01% |
4,900
-1,400
| -22% | -$79.5K |
2026 Q1
1 quarter
|
|
510
CALL
SLB Ltd
SLB
$75.8B
| $237K | ﹤0.01% |
5,100
-800
| -14% | -$42.9K |
2025 Q1
5 quarters
|
|
511
PUT
Public Service Enterprise Group
PEG
$35.4B
| $235K | ﹤0.01% |
2,900
-4,900
| -63% | -$391K |
2026 Q1
1 quarter
|
|
512
Coeur Mining
CDE
$15.6B
| $235K | ﹤0.01% |
14,399
-198,689
| -93% | -$3.62M |
2025 Q4
2 quarters
|
|
513
CALL
GE Vernova
GEV
$247B
| $235K | ﹤0.01% |
200
-500
| -71% | -$510K |
2025 Q2
4 quarters
|
|
514
Transocean
RIG
$6.75B
| $233K | ﹤0.01% |
+47,626
| New | +$298K |
2026 Q2
0 quarters
|
|
515
PUT
Bank of New York Mellon
BNY
$99B
| $231K | ﹤0.01% |
1,600
-1,300
| -45% | -$178K |
2025 Q4
2 quarters
|
|
516
CALL
Iris Energy
IREN
$11B
| $229K | ﹤0.01% |
+5,000
| New | +$260K |
2026 Q2
0 quarters
|
|
517
STMicroelectronics
STM
$42.5B
| $227K | ﹤0.01% |
3,031
+1,773
| +141% | +$107K |
2026 Q1
1 quarter
|
|
518
Guardant Health
GH
$22.4B
| $225K | ﹤0.01% |
+1,499
| New | +$163K |
2026 Q2
0 quarters
|
|
519
Johnson & Johnson
JNJ
$621B
| $222K | ﹤0.01% |
875
-5,220
| -86% | -$1.22M |
2024 Q1
9 quarters
|
|
520
PUT
Vistra
VST
$52.4B
| $222K | ﹤0.01% |
1,400
-900
| -39% | -$140K |
2025 Q2
4 quarters
|
|
521
CALL
EQT Corp
EQT
$33.8B
| $218K | ﹤0.01% |
4,100
-1,100
| -21% | -$61.7K |
2026 Q1
1 quarter
|
|
522
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$23.2B
| $214K | ﹤0.01% |
2,000
-100
| -5% | -$11.4K |
2026 Q1
1 quarter
|
|
523
CALL
Affirm
AFRM
$24.8B
| $212K | ﹤0.01% |
2,600
| – | – |
2026 Q1
1 quarter
|
|
|
524
PUT
Affirm
AFRM
$24.8B
| $212K | ﹤0.01% |
2,600
| – | – |
2025 Q3
3 quarters
|
|
525
Southern Company
SO
$104B
| $212K | ﹤0.01% |
2,210
-10,734
| -83% | -$1.01M |
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.