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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 | |
|---|---|---|---|---|---|---|---|
601
PUT
Macy's
M
$6.41B
| $342K | ﹤0.01% |
18,900
-24,200
| -56% | -$490K |
2025 Q3
2 quarters
|
|
602
PUT
Johnson Controls International
JCI
$89B
| $340K | ﹤0.01% |
2,600
+1,400
| +117% | +$181K |
2025 Q4
1 quarter
|
|
603
PUT
Tenet Healthcare
THC
$21.7B
| $340K | ﹤0.01% |
+1,800
| New | +$379K |
2026 Q1
0 quarters
|
|
604
CALL
Walt Disney
DIS
$194B
| $337K | ﹤0.01% |
3,500
+400
| +13% | +$42.3K |
2025 Q1
4 quarters
|
|
605
J.M. Smucker
SJM
$13.7B
| $335K | ﹤0.01% |
3,477
+446
| +15% | +$46.7K |
2025 Q3
2 quarters
|
|
606
PUT
Trane Technologies
TT
$101B
| $333K | ﹤0.01% |
800
-100
| -11% | -$42.5K |
2025 Q1
4 quarters
|
|
607
MSCI
MSCI
$41.5B
| $333K | ﹤0.01% |
618
+301
| +95% | +$170K |
2025 Q3
2 quarters
|
|
608
PUT
EOG Resources
EOG
$81.4B
| $333K | ﹤0.01% |
2,300
+1,300
| +130% | +$158K |
2025 Q1
4 quarters
|
|
609
Fortinet
FTNT
$124B
| $332K | ﹤0.01% |
4,067
+3,819
| +1,540% | +$308K |
2025 Q4
1 quarter
|
|
610
Robinhood
HOOD
$91.7B
| $332K | ﹤0.01% |
4,789
-9,900
| -67% | -$869K |
2025 Q1
4 quarters
|
|
611
CALL
Truist Financial
TFC
$58B
| $331K | ﹤0.01% |
7,200
+3,700
| +106% | +$183K |
2025 Q2
3 quarters
|
|
612
CALL
EQT Corp
EQT
$33.6B
| $331K | ﹤0.01% |
+5,200
| New | +$305K |
2026 Q1
0 quarters
|
|
613
CALL
Caesars Entertainment
CZR
$5.91B
| $330K | ﹤0.01% |
+12,500
| New | +$297K |
2026 Q1
0 quarters
|
|
614
Abbott
ABT
$181B
| $328K | ﹤0.01% |
3,196
-268
| -8% | -$30.3K |
2024 Q1
8 quarters
|
|
615
CALL
AB InBev
BUD
$164B
| $326K | ﹤0.01% |
+4,700
| New | +$339K |
2026 Q1
0 quarters
|
|
|
616
PUT
AB InBev
BUD
$164B
| $326K | ﹤0.01% |
+4,700
| New | +$339K |
2026 Q1
0 quarters
|
|
617
Take-Two Interactive
TTWO
$38.5B
| $325K | ﹤0.01% |
+1,646
| New | +$358K |
2026 Q1
0 quarters
|
|
618
PUT
United Parcel Service
UPS
$83.5B
| $325K | ﹤0.01% |
3,300
+1,500
| +83% | +$161K |
2025 Q1
4 quarters
|
|
619
CALL
Intuitive Surgical
ISRG
$151B
| $323K | ﹤0.01% |
700
-200
| -22% | -$101K |
2025 Q1
4 quarters
|
|
620
PUT
Valero Energy
VLO
$128B
| $321K | ﹤0.01% |
+1,300
| New | +$268K |
2026 Q1
0 quarters
|
|
621
PUT
FedEx
FDX
$69.9B
| $321K | ﹤0.01% |
900
| – | – |
2025 Q1
4 quarters
|
|
622
CALL
Gilead Sciences
GILD
$194B
| $321K | ﹤0.01% |
2,300
-200
| -8% | -$28K |
2025 Q2
3 quarters
|
|
623
PUT
3M
MMM
$85.5B
| $320K | ﹤0.01% |
2,200
+200
| +10% | +$31.8K |
2024 Q4
5 quarters
|
|
624
Agilent Technologies
A
$49B
| $319K | ﹤0.01% |
2,797
+1,791
| +178% | +$227K |
2025 Q3
2 quarters
|
|
625
CALL
Applovin
APP
$91.6B
| $318K | ﹤0.01% |
800
+600
| +300% | +$290K |
2025 Q4
1 quarter
|
|
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.