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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 | |
|---|---|---|---|---|---|---|---|
801
CALL
Waste Management
WM
$89.6B
| $161K | ﹤0.01% |
700
-300
| -30% | -$68.9K |
2025 Q2
3 quarters
|
|
802
CALL
3M
MMM
$85.3B
| $160K | ﹤0.01% |
1,100
-200
| -15% | -$31.8K |
2025 Q1
4 quarters
|
|
803
Macy's
M
$6.33B
| $159K | ﹤0.01% |
8,802
+4,073
| +86% | +$82.4K |
2025 Q3
2 quarters
|
|
804
CALL
Carvana
CVNA
$66.7B
| $157K | ﹤0.01% |
+2,500
| New | +$186K |
2026 Q1
0 quarters
|
|
|
805
IBM
IBM
$221B
| $157K | ﹤0.01% |
648
-680,426
| -100% | -$184M |
2025 Q3
2 quarters
|
|
806
PUT
PG&E
PCG
$38.9B
| $156K | ﹤0.01% |
8,900
+4,700
| +112% | +$80K |
2025 Q4
1 quarter
|
|
807
Goodyear
GT
$1.27B
| $155K | ﹤0.01% |
+23,333
| New | +$197K |
2026 Q1
0 quarters
|
|
808
CALL
Regeneron Pharmaceuticals
REGN
$82B
| $155K | ﹤0.01% |
200
-100
| -33% | -$76.6K |
2025 Q2
3 quarters
|
|
809
S&P Global
SPGI
$125B
| $154K | ﹤0.01% |
363
+261
| +256% | +$121K |
2024 Q3
6 quarters
|
|
810
PUT
Upwork
UPWK
$1.09B
| $152K | ﹤0.01% |
13,900
| – | – |
2025 Q3
2 quarters
|
|
811
CALL
CSX Corp
CSX
$90.2B
| $152K | ﹤0.01% |
3,700
-1,200
| -24% | -$47K |
2025 Q2
3 quarters
|
|
812
Blackstone
BX
$87.1B
| $151K | ﹤0.01% |
1,312
+881
| +204% | +$115K |
2025 Q1
4 quarters
|
|
813
PUT
Mondelez International
MDLZ
$80.4B
| $150K | ﹤0.01% |
2,600
+900
| +53% | +$52.1K |
2025 Q1
4 quarters
|
|
814
CALL
Marathon Petroleum
MPC
$134B
| $147K | ﹤0.01% |
600
-100
| -14% | -$20.2K |
2025 Q3
2 quarters
|
|
815
CALL
PNC Financial Services
PNC
$85.7B
| $146K | ﹤0.01% |
700
-300
| -30% | -$65.3K |
2025 Q2
3 quarters
|
|
816
CALL
EOG Resources
EOG
$80.1B
| $145K | ﹤0.01% |
1,000
-400
| -29% | -$48.5K |
2025 Q2
3 quarters
|
|
817
CALL
HCA Healthcare
HCA
$101B
| $142K | ﹤0.01% |
300
+100
| +50% | +$50.3K |
2025 Q4
1 quarter
|
|
818
PUT
Keysight
KEYS
$58.2B
| $141K | ﹤0.01% |
+500
| New | +$125K |
2026 Q1
0 quarters
|
|
819
Arista Networks
ANET
$234B
| $141K | ﹤0.01% |
+1,146
| New | +$153K |
2026 Q1
0 quarters
|
|
820
PUT
State Street
STT
$46B
| $139K | ﹤0.01% |
+1,100
| New | +$141K |
2026 Q1
0 quarters
|
|
821
CALL
KKR & Co
KKR
$78.7B
| $139K | ﹤0.01% |
1,500
-400
| -21% | -$42.2K |
2025 Q2
3 quarters
|
|
822
PUT
United Airlines
UAL
$32.9B
| $138K | ﹤0.01% |
1,500
+800
| +114% | +$83.8K |
2025 Q3
2 quarters
|
|
823
PUT
Monster Beverage
MNST
$88.8B
| $138K | ﹤0.01% |
+3,800
| New | +$150K |
2026 Q1
0 quarters
|
|
824
Liberty Global Class A
LBTYA
$2.74B
| $137K | ﹤0.01% |
+11,370
| New | +$132K |
2026 Q1
0 quarters
|
|
825
Vulcan Materials
VMC
$32.7B
| $137K | ﹤0.01% |
504
-563
| -53% | -$166K |
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.