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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 | |
|---|---|---|---|---|---|---|---|
726
CALL
Palo Alto Networks
PANW
$303B
| $208K | ﹤0.01% |
1,300
-400
| -24% | -$67.2K |
2025 Q2
3 quarters
|
|
727
PUT
Illinois Tool Works
ITW
$77.2B
| $208K | ﹤0.01% |
800
+200
| +33% | +$54.4K |
2025 Q1
4 quarters
|
|
728
PUT
Oneok
OKE
$57.1B
| $208K | ﹤0.01% |
+2,300
| New | +$189K |
2026 Q1
0 quarters
|
|
729
PUT
Allstate
ALL
$60.6B
| $207K | ﹤0.01% |
+1,000
| New | +$205K |
2026 Q1
0 quarters
|
|
730
PUT
American Tower
AMT
$84.5B
| $207K | ﹤0.01% |
1,200
+300
| +33% | +$54K |
2025 Q1
4 quarters
|
|
731
CALL
CME Group
CME
$104B
| $207K | ﹤0.01% |
700
-200
| -22% | -$59.4K |
2025 Q2
3 quarters
|
|
732
CALL
Nu Holdings
NU
$71.2B
| $205K | ﹤0.01% |
+14,300
| New | +$232K |
2026 Q1
0 quarters
|
|
733
CALL
Futu Holdings
FUTU
$15.4B
| $205K | ﹤0.01% |
+1,500
| New | +$233K |
2026 Q1
0 quarters
|
|
|
734
PUT
Futu Holdings
FUTU
$15.4B
| $205K | ﹤0.01% |
+1,500
| New | +$233K |
2026 Q1
0 quarters
|
|
735
CALL
Northrop Grumman
NOC
$71B
| $205K | ﹤0.01% |
300
| – | – |
2025 Q2
3 quarters
|
|
736
CALL
Pinduoduo
PDD
$117B
| $204K | ﹤0.01% |
2,000
-25,400
| -93% | -$2.67M |
2025 Q3
2 quarters
|
|
737
PUT
STMicroelectronics
STM
$41.7B
| $204K | ﹤0.01% |
+5,900
| New | +$185K |
2026 Q1
0 quarters
|
|
738
Tenable Holdings
TENB
$4.33B
| $202K | ﹤0.01% |
+11,916
| New | +$250K |
2026 Q1
0 quarters
|
|
739
PUT
Wabtec
WAB
$48.6B
| $200K | ﹤0.01% |
+800
| New | +$193K |
2026 Q1
0 quarters
|
|
740
Capital One
COF
$122B
| $200K | ﹤0.01% |
+1,095
| New | +$229K |
2026 Q1
0 quarters
|
|
741
CALL
ConocoPhillips
COP
$170B
| $198K | ﹤0.01% |
1,500
-1,700
| -53% | -$188K |
2025 Q1
4 quarters
|
|
742
PUT
Republic Services
RSG
$70.3B
| $197K | ﹤0.01% |
900
+400
| +80% | +$87.7K |
2025 Q4
1 quarter
|
|
743
CALL
Starbucks
SBUX
$110B
| $197K | ﹤0.01% |
2,200
-700
| -24% | -$66.2K |
2025 Q1
4 quarters
|
|
744
UnitedHealth
UNH
$365B
| $197K | ﹤0.01% |
+727
| New | +$217K |
2026 Q1
0 quarters
|
|
745
CALL
Arm
ARM
$261B
| $197K | ﹤0.01% |
+1,300
| New | +$158K |
2026 Q1
0 quarters
|
|
|
746
PUT
Arm
ARM
$261B
| $197K | ﹤0.01% |
+1,300
| New | +$158K |
2026 Q1
0 quarters
|
|
747
CALL
Duke Energy
DUK
$92.7B
| $196K | ﹤0.01% |
1,500
| – | – |
2025 Q2
3 quarters
|
|
748
AutoZone
AZO
$49.5B
| $196K | ﹤0.01% |
+58
| New | +$208K |
2026 Q1
0 quarters
|
|
749
CALL
Adobe
ADBE
$97.9B
| $194K | ﹤0.01% |
800
-300
| -27% | -$83.1K |
2025 Q1
4 quarters
|
|
750
TransDigm Group
TDG
$62.7B
| $192K | ﹤0.01% |
+166
| New | +$218K |
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.