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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 | |
|---|---|---|---|---|---|---|---|
701
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$24B
| $233K | ﹤0.01% |
+2,100
| New | +$243K |
2026 Q1
0 quarters
|
|
702
Tenet Healthcare
THC
$22.2B
| $233K | ﹤0.01% |
+1,233
| New | +$260K |
2026 Q1
0 quarters
|
|
703
Allegion
ALLE
$13.2B
| $232K | ﹤0.01% |
+1,598
| New | +$255K |
2026 Q1
0 quarters
|
|
704
NexGen Energy
NXE
$5.74B
| $232K | ﹤0.01% |
+20,000
| New | +$239K |
2026 Q1
0 quarters
|
|
705
Ecolab
ECL
$81.5B
| $230K | ﹤0.01% |
865
+821
| +1,866% | +$232K |
2025 Q2
3 quarters
|
|
706
CALL
ServiceNow
NOW
$154B
| $230K | ﹤0.01% |
2,200
-800
| -27% | -$94.1K |
2025 Q1
4 quarters
|
|
707
Public Service Enterprise Group
PEG
$35B
| $230K | ﹤0.01% |
+2,836
| New | +$232K |
2026 Q1
0 quarters
|
|
708
PUT
Targa Resources
TRGP
$60.6B
| $226K | ﹤0.01% |
+900
| New | +$195K |
2026 Q1
0 quarters
|
|
709
PUT
Zoetis
ZTS
$32.4B
| $225K | ﹤0.01% |
1,900
+1,100
| +138% | +$136K |
2025 Q4
1 quarter
|
|
710
PUT
Automatic Data Processing
ADP
$113B
| $223K | ﹤0.01% |
1,100
+400
| +57% | +$91.7K |
2025 Q1
4 quarters
|
|
711
PUT
Apollo Global Management
APO
$66.1B
| $223K | ﹤0.01% |
2,000
| – | – |
2025 Q1
4 quarters
|
|
712
PUT
Carvana
CVNA
$66.7B
| $220K | ﹤0.01% |
+3,500
| New | +$260K |
2026 Q1
0 quarters
|
|
713
PUT
Aflac
AFL
$59.2B
| $219K | ﹤0.01% |
+2,000
| New | +$222K |
2026 Q1
0 quarters
|
|
714
Hilton Worldwide
HLT
$77.2B
| $219K | ﹤0.01% |
721
-2,350
| -77% | -$712K |
2025 Q3
2 quarters
|
|
715
PUT
Motorola Solutions
MSI
$75.5B
| $217K | ﹤0.01% |
+500
| New | +$216K |
2026 Q1
0 quarters
|
|
716
CALL
Medtronic
MDT
$122B
| $217K | ﹤0.01% |
2,500
+800
| +47% | +$76.6K |
2025 Q2
3 quarters
|
|
717
PUT
Rockwell Automation
ROK
$46.9B
| $215K | ﹤0.01% |
+600
| New | +$237K |
2026 Q1
0 quarters
|
|
718
Marathon Digital Holdings
MARA
$3.22B
| $215K | ﹤0.01% |
26,348
+7,898
| +43% | +$71.5K |
2025 Q4
1 quarter
|
|
719
Vornado Realty Trust
VNO
$6.2B
| $215K | ﹤0.01% |
+8,270
| New | +$245K |
2026 Q1
0 quarters
|
|
720
American Express
AXP
$212B
| $215K | ﹤0.01% |
+710
| New | +$238K |
2026 Q1
0 quarters
|
|
721
PUT
KKR & Co
KKR
$78.7B
| $213K | ﹤0.01% |
2,300
-1,200
| -34% | -$126K |
2025 Q1
4 quarters
|
|
722
CALL
Southern Company
SO
$103B
| $212K | ﹤0.01% |
2,200
-600
| -21% | -$55.5K |
2025 Q2
3 quarters
|
|
723
Boston Properties
BXP
$9.53B
| $211K | ﹤0.01% |
4,073
+1,339
| +49% | +$80.6K |
2025 Q3
2 quarters
|
|
724
CALL
T-Mobile US
TMUS
$168B
| $210K | ﹤0.01% |
1,000
-200
| -17% | -$41.1K |
2025 Q2
3 quarters
|
|
725
CALL
Comcast
CMCSA
$77.3B
| $210K | ﹤0.01% |
7,300
-2,500
| -26% | -$74.8K |
2025 Q1
4 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.