We are live on !
Find out more
Capula Management Portfolio holdings
AUM
$28B
Turnover
51.43%
1-Year Est. Return
22.67%
This Fund
S&P 500
This Quarter Est. Return
+16.2%
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
$28B
AUM Growth
+$13.9B
(+99%)
Cap. Flow
+$13.1B
Cap. Flow % of AUM
Cap. Flow %
46.94%
Top 10 Holdings %
Top 10 Hldgs %
73.32%
Holding
1,190
New
122
Increased
162
Reduced
335
Closed
490
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$7.98B |
| 2 |
Novanta Inc Units
NOVTU
|
+$1.24B |
| 3 |
PPL Corp Corporate Units
PPLC
|
+$1.11B |
| 4 |
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
|
+$1.08B |
| 5 |
Alibaba
BABA
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.13B |
| 2 |
Clearwater Analytics
CWAN
|
+$63.3M |
| 3 |
Amicus Therapeutics
FOLD
|
+$46.2M |
| 4 |
Sealed Air
SEE
|
+$38.6M |
| 5 |
Hologic
HOLX
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.78% |
| 2 | Technology | 4.48% |
| 3 | Consumer Discretionary | 3.01% |
| 4 | Industrials | 1.78% |
| 5 | Healthcare | 0.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Applied Optoelectronics
AAOI
$6.7B
| $56.4M | 0.2% |
+380,749
| New | +$61.9M |
2026 Q2
0 quarters
|
|
|
52
PUT
Applied Optoelectronics
AAOI
$6.7B
| $56.3M | 0.2% |
+380,000
| New | +$61.8M |
2026 Q2
0 quarters
|
|
53
PUT
DELISTED
Warner Bros
WBD
| $56M | 0.2% |
2,100,000
+2,000,000
| +2,000% | +$54.1M |
2025 Q4
2 quarters
|
|
54
SoFi Technologies
SOFI
$18.6B
| $53.8M | 0.19% |
+3,000,000
| New | +$50.8M |
2026 Q2
0 quarters
|
|
|
55
PUT
SoFi Technologies
SOFI
$18.6B
| $53.8M | 0.19% |
+3,000,000
| New | +$50.8M |
2026 Q2
0 quarters
|
|
56
AES
AES
$10.7B
| $51.3M | 0.18% |
3,502,352
+1,028,172
| +42% | +$14.9M |
2025 Q3
3 quarters
|
|
57
PUT
PayPal
PYPL
$48.2B
| $51.3M | 0.18% |
1,188,500
+1,186,100
| +49,421% | +$53.9M |
2024 Q4
6 quarters
|
|
58
EchoStar
ECHO
$25.1B
| $50.9M | 0.18% |
+501,799
| New | +$61.3M |
2026 Q2
0 quarters
|
|
|
59
PayPal
PYPL
$48.2B
| $50.8M | 0.18% |
1,175,521
+1,173,735
| +65,719% | +$53.4M |
2024 Q4
6 quarters
|
|
|
60
PUT
EchoStar
ECHO
$25.1B
| $50.8M | 0.18% |
+500,000
| New | +$61.1M |
2026 Q2
0 quarters
|
|
61
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.8B
| $49.6M | 0.18% |
+600,000
| New | +$49.6M |
2026 Q2
0 quarters
|
|
62
CALL
DELISTED
Electronic Arts
EA
| $47.2M | 0.17% |
+230,000
| New | +$46.6M |
2026 Q2
0 quarters
|
|
63
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$47.7B
| $46.9M | 0.17% |
+543,000
| New | +$46.6M |
2026 Q2
0 quarters
|
|
64
PUT
iShares China Large-Cap ETF
FXI
$3.86B
| $45.7M | 0.16% |
1,447,300
-558,900
| -28% | -$19.9M |
2025 Q4
2 quarters
|
|
65
Axon Enterprise
AXON
$31.2B
| $44.8M | 0.16% |
80,000
+79,916
| +95,138% | +$33.4M |
2026 Q1
1 quarter
|
|
|
66
PUT
Axon Enterprise
AXON
$31.2B
| $44.8M | 0.16% |
80,000
+79,700
| +26,567% | +$33.3M |
2026 Q1
1 quarter
|
|
67
Organon & Co
OGN
$3.61B
| $41.3M | 0.15% |
+3,049,207
| New | +$36.5M |
2026 Q2
0 quarters
|
|
68
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$14.7B
| $40.8M | 0.15% |
450,000
+245,600
| +120% | +$21.8M |
2026 Q1
1 quarter
|
|
69
PUT
Applied Materials
AMAT
$330B
| $40.6M | 0.15% |
56,100
-24,700
| -31% | -$11.4M |
2024 Q1
9 quarters
|
|
70
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.39B
| $40.2M | 0.14% |
537,600
+305,500
| +132% | +$21.4M |
2026 Q1
1 quarter
|
|
|
71
CALL
iShares China Large-Cap ETF
FXI
$3.86B
| $39.7M | 0.14% |
1,258,100
+962,400
| +325% | +$34.3M |
2026 Q1
1 quarter
|
|
72
PUT
GE Vernova
GEV
$242B
| $37.8M | 0.14% |
32,200
+27,000
| +519% | +$27.6M |
2025 Q1
5 quarters
|
|
73
NVIDIA
NVDA
$5.26T
| $37.1M | 0.13% |
185,576
-151,202
| -45% | -$31.1M |
2025 Q3
3 quarters
|
|
74
Valaris
VAL
$6.22B
| $37.1M | 0.13% |
510,898
+455,483
| +822% | +$42.4M |
2026 Q1
1 quarter
|
|
|
75
GE Vernova
GEV
$242B
| $35.6M | 0.13% |
30,263
+28,899
| +2,119% | +$29.5M |
2026 Q1
1 quarter
|
|
Similar funds
Capula Management's Q2 2026 Portfolio in Review
As of Q2 2026, Capula Management held 1,190 positions worth $28B, up 99% from $14.1B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Capula Management deployed $13.1B of net new capital in Q2 2026, opening 122 new positions and adding to 162 existing holdings. Its largest new stake was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, down from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.13B trimmed.
- Capula Management's largest Q2 2026 buy was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
- Capula Management added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $7.98B increase.
- Capula Management's biggest Q2 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.13B.
- Capula Management fully exited Clearwater Analytics in Q2 2026, selling an estimated $63.3M.
- Capula Management's ten largest holdings make up 73% of its $28B portfolio in Q2 2026.
- Capula Management opened 122 new positions and closed 490 in Q2 2026.
- Capula Management's portfolio value rose 99% quarter-over-quarter to $28B.
Based on Capula Management's 13F filing for Q2 2026, filed 14 Aug 2026.