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Capula Management Portfolio holdings
AUM
$14.1B
1-Year Est. Return
19.14%
This Fund
S&P 500
This Quarter
Est. Return
-3.58%
1 Year Est. Return
+19.14%
3 Year Est. Return
+85.66%
5 Year Est. Return
+76.65%
10 Year Est. Return
+131.38%
AUM
$14.1B
AUM Growth
-$5.9B
(-30%)
Cap. Flow
-$5.17B
Cap. Flow
% of AUM
-36.75%
Top 10 Holdings %
Top 10 Hldgs %
79.37%
Holding
1,232
New
420
Increased
312
Reduced
280
Closed
164
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 |
CWAN
Clearwater Analytics
CWAN
|
+$60.4M |
| 4 |
FOLD
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 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$207M |
| 4 |
Alibaba
BABA
|
+$201M |
| 5 |
IBM
IBM
|
+$184M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Healthcare | 1.29% |
| 3 | Communication Services | 1.11% |
| 4 | Consumer Discretionary | 1.06% |
| 5 | Industrials | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Penske Automotive Group
PAG
$12.9B
| $481K | ﹤0.01% |
+3,220
| New | +$510K |
|
527
CALL
Philip Morris
PM
$297B
| $479K | ﹤0.01% |
2,900
-600
| -17% | -$104K |
|
528
CALL
BorgWarner
BWA
$13B
| $477K | ﹤0.01% |
+8,800
| New | +$464K |
|
|
529
PUT
BorgWarner
BWA
$13B
| $477K | ﹤0.01% |
+8,800
| New | +$464K |
|
530
CALL
Micron Technology
MU
$1.09T
| $473K | ﹤0.01% |
1,400
-25,000
| -95% | -$9.79M |
|
531
Comcast
CMCSA
$84.8B
| $470K | ﹤0.01% |
16,358
-76,176
| -82% | -$2.28M |
|
532
Morningstar
MORN
$6.29B
| $467K | ﹤0.01% |
+2,760
| New | +$513K |
|
533
CALL
Air Products & Chemicals
APD
$66.3B
| $465K | ﹤0.01% |
1,600
+1,000
| +167% | +$276K |
|
534
Eversource Energy
ES
$27.5B
| $455K | ﹤0.01% |
6,572
-540
| -8% | -$38.2K |
|
535
PUT
Coinbase
COIN
$47.7B
| $454K | ﹤0.01% |
2,600
-424,400
| -99% | -$83.5M |
|
536
CALL
Cigna
CI
$75.7B
| $453K | ﹤0.01% |
1,700
+1,300
| +325% | +$360K |
|
537
Walt Disney
DIS
$168B
| $446K | ﹤0.01% |
+4,631
| New | +$489K |
|
|
538
PUT
Comcast
CMCSA
$84.8B
| $445K | ﹤0.01% |
15,500
-2,500
| -14% | -$74.8K |
|
539
PUT
CME Group
CME
$87.1B
| $443K | ﹤0.01% |
1,500
+100
| +7% | +$29.7K |
|
540
CALL
KLA
KLAC
$283B
| $442K | ﹤0.01% |
3,000
-40,000
| -93% | -$5.85M |
|
541
PUT
Abbott
ABT
$176B
| $441K | ﹤0.01% |
4,300
-2,700
| -39% | -$305K |
|
542
PUT
NetApp
NTAP
$32.5B
| $440K | ﹤0.01% |
4,300
| – | – |
|
|
PPL
543
CALL
PPL Corp
PPL
$26.5B
| $435K | ﹤0.01% |
+11,400
| New | +$421K |
|
|
PPL
544
PUT
PPL Corp
PPL
$26.5B
| $435K | ﹤0.01% |
+11,400
| New | +$421K |
|
545
CALL
NuScale Power
SMR
$2.98B
| $434K | ﹤0.01% |
+40,000
| New | +$609K |
|
546
CALL
Riot Platforms
RIOT
$8.08B
| $433K | ﹤0.01% |
35,000
| – | – |
|
|
547
PUT
Riot Platforms
RIOT
$8.08B
| $433K | ﹤0.01% |
35,000
| – | – |
|
548
PUT
Vornado Realty Trust
VNO
$7.47B
| $431K | ﹤0.01% |
+16,600
| New | +$492K |
|
549
PUT
Robinhood
HOOD
$97B
| $430K | ﹤0.01% |
6,200
-18,800
| -75% | -$1.65M |
|
550
Yum China
YUMC
$14.8B
| $427K | ﹤0.01% |
+8,747
| New | +$453K |
|
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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 $5.17B 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 Technology at 2.4% of assets, down from 4.6% a quarter earlier, followed by Healthcare and Communication Services.
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.