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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 | |
|---|---|---|---|---|---|---|---|
551
PUT
ResMed
RMD
$33.6B
| $427K | ﹤0.01% |
1,900
| – | – |
2025 Q3
2 quarters
|
|
552
PUT
S&P Global
SPGI
$126B
| $425K | ﹤0.01% |
1,000
-400
| -29% | -$186K |
2024 Q3
6 quarters
|
|
553
Zoom
ZM
$27.4B
| $423K | ﹤0.01% |
5,266
-21,396
| -80% | -$1.79M |
2025 Q3
2 quarters
|
|
554
Maximus
MMS
$3.19B
| $422K | ﹤0.01% |
+6,590
| New | +$535K |
2026 Q1
0 quarters
|
|
555
CoStar Group
CSGP
$12.9B
| $421K | ﹤0.01% |
+10,430
| New | +$543K |
2026 Q1
0 quarters
|
|
556
PUT
T-Mobile US
TMUS
$171B
| $420K | ﹤0.01% |
2,000
+1,100
| +122% | +$226K |
2025 Q1
4 quarters
|
|
557
Realty Income
O
$53B
| $416K | ﹤0.01% |
6,803
-2,346
| -26% | -$147K |
2025 Q3
2 quarters
|
|
558
Manulife Financial
MFC
$73.1B
| $416K | ﹤0.01% |
+12,073
| New | +$435K |
2026 Q1
0 quarters
|
|
559
First Solar
FSLR
$18.7B
| $415K | ﹤0.01% |
+2,104
| New | +$465K |
2026 Q1
0 quarters
|
|
560
PUT
EQT Corp
EQT
$34B
| $414K | ﹤0.01% |
+6,500
| New | +$381K |
2026 Q1
0 quarters
|
|
561
KE Holdings
BEKE
$19.8B
| $413K | ﹤0.01% |
+27,557
| New | +$473K |
2026 Q1
0 quarters
|
|
562
iShares MSCI Brazil ETF
EWZ
$11.7B
| $411K | ﹤0.01% |
+10,695
| New | +$391K |
2026 Q1
0 quarters
|
|
563
PUT
Prudential Financial
PRU
$39.9B
| $410K | ﹤0.01% |
+4,200
| New | +$435K |
2026 Q1
0 quarters
|
|
564
CALL
Occidental Petroleum
OXY
$62.3B
| $410K | ﹤0.01% |
+6,300
| New | +$317K |
2026 Q1
0 quarters
|
|
565
CALL
Shell
SHEL
$302B
| $409K | ﹤0.01% |
+4,400
| New | +$356K |
2026 Q1
0 quarters
|
|
|
566
PUT
Shell
SHEL
$302B
| $409K | ﹤0.01% |
+4,400
| New | +$356K |
2026 Q1
0 quarters
|
|
567
CALL
Citigroup
C
$208B
| $408K | ﹤0.01% |
3,600
+1,100
| +44% | +$125K |
2025 Q1
4 quarters
|
|
568
PUT
Corning
GLW
$115B
| $408K | ﹤0.01% |
3,000
+1,600
| +114% | +$193K |
2025 Q3
2 quarters
|
|
569
CALL
PepsiCo
PEP
$179B
| $404K | ﹤0.01% |
2,600
-400
| -13% | -$62.3K |
2025 Q1
4 quarters
|
|
570
A.O. Smith
AOS
$8B
| $396K | ﹤0.01% |
+6,012
| New | +$433K |
2026 Q1
0 quarters
|
|
571
CALL
Lyft
LYFT
$6.29B
| $396K | ﹤0.01% |
+29,800
| New | +$461K |
2026 Q1
0 quarters
|
|
|
572
PUT
Lyft
LYFT
$6.29B
| $396K | ﹤0.01% |
29,800
+18,300
| +159% | +$283K |
2025 Q3
2 quarters
|
|
573
CALL
US Bancorp
USB
$91.1B
| $395K | ﹤0.01% |
7,600
+5,500
| +262% | +$302K |
2025 Q2
3 quarters
|
|
574
PUT
Intercontinental Exchange
ICE
$89.5B
| $393K | ﹤0.01% |
2,500
+300
| +14% | +$48.9K |
2025 Q1
4 quarters
|
|
|
575
CALL
Prudential Financial
PRU
$39.9B
| $391K | ﹤0.01% |
+4,000
| New | +$414K |
2026 Q1
0 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.