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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 | |
|---|---|---|---|---|---|---|---|
826
PUT
D.R. Horton
DHI
$39B
| $137K | ﹤0.01% |
+1,000
| New | +$151K |
2026 Q1
0 quarters
|
|
827
CALL
Colgate-Palmolive
CL
$73.9B
| $136K | ﹤0.01% |
1,600
-400
| -20% | -$35.6K |
2025 Q1
4 quarters
|
|
828
CALL
Western Digital
WDC
$133B
| $135K | ﹤0.01% |
+500
| New | +$131K |
2026 Q1
0 quarters
|
|
829
PUT
GE HealthCare
GEHC
$31.8B
| $135K | ﹤0.01% |
+1,900
| New | +$150K |
2026 Q1
0 quarters
|
|
830
PUT
Entergy
ETR
$49.7B
| $135K | ﹤0.01% |
+1,200
| New | +$121K |
2026 Q1
0 quarters
|
|
831
CALL
American Electric Power
AEP
$67.7B
| $131K | ﹤0.01% |
1,000
-100
| -9% | -$12.5K |
2025 Q2
3 quarters
|
|
832
CALL
Emerson Electric
EMR
$90.4B
| $131K | ﹤0.01% |
1,000
-400
| -29% | -$57.5K |
2025 Q2
3 quarters
|
|
833
CALL
Marriott International
MAR
$101B
| $131K | ﹤0.01% |
400
-200
| -33% | -$65.8K |
2025 Q2
3 quarters
|
|
834
TAL Education Group
TAL
$6.96B
| $130K | ﹤0.01% |
+11,458
| New | +$129K |
2026 Q1
0 quarters
|
|
835
CALL
Super Micro Computer
SMCI
$23.1B
| $130K | ﹤0.01% |
5,700
+5,400
| +1,800% | +$162K |
2025 Q4
1 quarter
|
|
836
CALL
Aon
AON
$60.8B
| $129K | ﹤0.01% |
400
| – | – |
2025 Q4
1 quarter
|
|
837
PUT
Canadian Solar
CSIQ
$718M
| $129K | ﹤0.01% |
+9,300
| New | +$177K |
2026 Q1
0 quarters
|
|
838
CALL
Sherwin-Williams
SHW
$81.8B
| $128K | ﹤0.01% |
400
-200
| -33% | -$68.8K |
2025 Q2
3 quarters
|
|
839
BILL Holdings
BILL
$4B
| $128K | ﹤0.01% |
3,343
+1,567
| +88% | +$70.1K |
2025 Q3
2 quarters
|
|
840
CALL
Kinder Morgan
KMI
$73.1B
| $127K | ﹤0.01% |
3,800
-1,100
| -22% | -$34.4K |
2025 Q2
3 quarters
|
|
841
PUT
Axon Enterprise
AXON
$33.9B
| $127K | ﹤0.01% |
+300
| New | +$156K |
2026 Q1
0 quarters
|
|
842
CALL
Nike
NKE
$55.2B
| $127K | ﹤0.01% |
2,400
-800
| -25% | -$48.5K |
2025 Q2
3 quarters
|
|
843
CALL
General Motors
GM
$73.4B
| $127K | ﹤0.01% |
1,700
-29,500
| -95% | -$2.35M |
2025 Q1
4 quarters
|
|
844
CALL
Digital Realty Trust
DLR
$64.7B
| $126K | ﹤0.01% |
700
-200
| -22% | -$34.2K |
2025 Q2
3 quarters
|
|
845
PUT
Cencora
COR
$65.2B
| $126K | ﹤0.01% |
+400
| New | +$140K |
2026 Q1
0 quarters
|
|
846
CALL
TE Connectivity
TEL
$61.7B
| $125K | ﹤0.01% |
+600
| New | +$132K |
2026 Q1
0 quarters
|
|
847
PUT
Kimberly-Clark
KMB
$34.6B
| $125K | ﹤0.01% |
+1,300
| New | +$133K |
2026 Q1
0 quarters
|
|
848
PUT
Chipotle Mexican Grill
CMG
$38.7B
| $125K | ﹤0.01% |
+3,900
| New | +$144K |
2026 Q1
0 quarters
|
|
849
PUT
M&T Bank
MTB
$31.6B
| $124K | ﹤0.01% |
+600
| New | +$129K |
2026 Q1
0 quarters
|
|
850
PUT
Archer Daniels Midland
ADM
$40B
| $124K | ﹤0.01% |
+1,700
| New | +$115K |
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.