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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 | |
|---|---|---|---|---|---|---|---|
501
PUT
Amphenol
APH
$198B
| $531K | ﹤0.01% |
8,400
+5,600
| +200% | +$394K |
2025 Q3
2 quarters
|
|
502
Marsh
MRSH
$89.7B
| $528K | ﹤0.01% |
+3,043
| New | +$547K |
2026 Q1
0 quarters
|
|
503
ServiceNow
NOW
$146B
| $525K | ﹤0.01% |
5,021
+3,596
| +252% | +$423K |
2025 Q3
2 quarters
|
|
504
PUT
Air Products & Chemicals
APD
$66.3B
| $523K | ﹤0.01% |
1,800
+1,100
| +157% | +$303K |
2025 Q1
4 quarters
|
|
505
VanEck Vietnam ETF
VNM
$460M
| $520K | ﹤0.01% |
+30,048
| New | +$551K |
2026 Q1
0 quarters
|
|
|
506
PUT
AES
AES
$10.7B
| $516K | ﹤0.01% |
36,600
| – | – |
2025 Q3
2 quarters
|
|
507
Trip.com Group
TCOM
$25.3B
| $516K | ﹤0.01% |
+10,355
| New | +$604K |
2026 Q1
0 quarters
|
|
508
CALL
Qualcomm
QCOM
$189B
| $515K | ﹤0.01% |
4,000
-16,900
| -81% | -$2.47M |
2025 Q1
4 quarters
|
|
509
PUT
Zoom
ZM
$27.5B
| $514K | ﹤0.01% |
6,400
-15,800
| -71% | -$1.32M |
2025 Q3
2 quarters
|
|
510
CALL
Lam Research
LRCX
$337B
| $513K | ﹤0.01% |
2,400
-38,300
| -94% | -$8.56M |
2025 Q1
4 quarters
|
|
511
CALL
Genuine Parts
GPC
$18.5B
| $508K | ﹤0.01% |
+4,800
| New | +$594K |
2026 Q1
0 quarters
|
|
|
512
PUT
Genuine Parts
GPC
$18.5B
| $508K | ﹤0.01% |
+4,800
| New | +$594K |
2026 Q1
0 quarters
|
|
513
PUT
Occidental Petroleum
OXY
$61.7B
| $507K | ﹤0.01% |
+7,800
| New | +$392K |
2026 Q1
0 quarters
|
|
514
CALL
Citizens Financial Group
CFG
$26.6B
| $504K | ﹤0.01% |
+8,400
| New | +$516K |
2026 Q1
0 quarters
|
|
|
515
PUT
Citizens Financial Group
CFG
$26.6B
| $504K | ﹤0.01% |
+8,400
| New | +$516K |
2026 Q1
0 quarters
|
|
516
PUT
Arista Networks
ANET
$226B
| $503K | ﹤0.01% |
4,100
-1,500
| -27% | -$201K |
2024 Q4
5 quarters
|
|
517
Microchip Technology
MCHP
$41B
| $501K | ﹤0.01% |
+7,751
| New | +$557K |
2026 Q1
0 quarters
|
|
518
CALL
Oklo
OKLO
$5.28B
| $496K | ﹤0.01% |
+10,000
| New | +$719K |
2026 Q1
0 quarters
|
|
519
CALL
Linde
LIN
$230B
| $496K | ﹤0.01% |
1,000
-200
| -17% | -$94.4K |
2025 Q1
4 quarters
|
|
520
CALL
Wells Fargo
WFC
$251B
| $494K | ﹤0.01% |
6,200
-2,000
| -24% | -$172K |
2025 Q1
4 quarters
|
|
521
Sherwin-Williams
SHW
$81.3B
| $490K | ﹤0.01% |
1,530
-179
| -10% | -$61.6K |
2025 Q1
4 quarters
|
|
522
PUT
Equinix
EQIX
$97.4B
| $490K | ﹤0.01% |
500
-2,000
| -80% | -$1.78M |
2025 Q1
4 quarters
|
|
523
PUT
Newmont
NEM
$124B
| $487K | ﹤0.01% |
4,500
+2,500
| +125% | +$288K |
2025 Q4
1 quarter
|
|
524
CALL
Oracle
ORCL
$394B
| $485K | ﹤0.01% |
3,300
-50,900
| -94% | -$8.27M |
2025 Q1
4 quarters
|
|
525
Citigroup
C
$210B
| $483K | ﹤0.01% |
4,257
-8,644
| -67% | -$984K |
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.