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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 | |
|---|---|---|---|---|---|---|---|
851
PUT
Super Micro Computer
SMCI
$23.1B
| $123K | ﹤0.01% |
5,400
-779,600
| -99% | -$23.4M |
2025 Q4
1 quarter
|
|
852
CALL
Hilton Worldwide
HLT
$77.2B
| $122K | ﹤0.01% |
400
-200
| -33% | -$60.6K |
2025 Q2
3 quarters
|
|
853
CALL
Target
TGT
$71.2B
| $121K | ﹤0.01% |
1,000
-200
| -17% | -$22.6K |
2025 Q1
4 quarters
|
|
854
Upwork
UPWK
$1.09B
| $121K | ﹤0.01% |
11,037
-4,172
| -27% | -$65.7K |
2025 Q3
2 quarters
|
|
855
CALL
Affirm
AFRM
$25.6B
| $119K | ﹤0.01% |
+2,600
| New | +$150K |
2026 Q1
0 quarters
|
|
|
856
PUT
Affirm
AFRM
$25.6B
| $119K | ﹤0.01% |
2,600
| – | – |
2025 Q3
2 quarters
|
|
857
CALL
Synopsys
SNPS
$89.7B
| $119K | ﹤0.01% |
300
-4,500
| -94% | -$2.03M |
2025 Q2
3 quarters
|
|
858
CALL
Cintas
CTAS
$84.6B
| $118K | ﹤0.01% |
700
-100
| -13% | -$19.2K |
2025 Q2
3 quarters
|
|
|
859
PUT
Cintas
CTAS
$84.6B
| $118K | ﹤0.01% |
700
+200
| +40% | +$38.3K |
2025 Q2
3 quarters
|
|
860
CALL
Johnson Controls International
JCI
$89.4B
| $118K | ﹤0.01% |
900
| – | – |
2025 Q4
1 quarter
|
|
861
CALL
Seagate
STX
$157B
| $118K | ﹤0.01% |
+300
| New | +$114K |
2026 Q1
0 quarters
|
|
862
CALL
Elevance Health
ELV
$92.9B
| $117K | ﹤0.01% |
400
-200
| -33% | -$65.7K |
2025 Q2
3 quarters
|
|
863
CALL
Baker Hughes
BKR
$54B
| $116K | ﹤0.01% |
+1,900
| New | +$110K |
2026 Q1
0 quarters
|
|
864
CALL
PACCAR
PCAR
$58.3B
| $116K | ﹤0.01% |
1,000
-400
| -29% | -$48.4K |
2025 Q2
3 quarters
|
|
865
Xcel Energy
XEL
$46.9B
| $115K | ﹤0.01% |
+1,444
| New | +$113K |
2026 Q1
0 quarters
|
|
866
CALL
Airbnb
ABNB
$103B
| $114K | ﹤0.01% |
900
-200
| -18% | -$26K |
2025 Q2
3 quarters
|
|
867
CALL
Idexx Laboratories
IDXX
$43.1B
| $112K | ﹤0.01% |
200
| – | – |
2025 Q4
1 quarter
|
|
868
Emerson Electric
EMR
$90.4B
| $112K | ﹤0.01% |
+855
| New | +$123K |
2026 Q1
0 quarters
|
|
869
CALL
O'Reilly Automotive
ORLY
$71.6B
| $111K | ﹤0.01% |
1,200
-100
| -8% | -$9.38K |
2025 Q2
3 quarters
|
|
870
Vertex Pharmaceuticals
VRTX
$129B
| $110K | ﹤0.01% |
+247
| New | +$115K |
2026 Q1
0 quarters
|
|
871
T-Mobile US
TMUS
$168B
| $110K | ﹤0.01% |
523
+156
| +43% | +$32K |
2025 Q1
4 quarters
|
|
872
3M
MMM
$85.3B
| $110K | ﹤0.01% |
754
+694
| +1,157% | +$111K |
2024 Q4
5 quarters
|
|
873
CALL
Phillips 66
PSX
$115B
| $109K | ﹤0.01% |
600
+100
| +20% | +$15.7K |
2025 Q2
3 quarters
|
|
874
PUT
PayPal
PYPL
$48.9B
| $109K | ﹤0.01% |
2,400
-1,608,200
| -100% | -$77.6M |
2024 Q4
5 quarters
|
|
875
Welltower
WELL
$169B
| $109K | ﹤0.01% |
+549
| New | +$108K |
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.