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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 | |
|---|---|---|---|---|---|---|---|
876
PUT
Otis Worldwide
OTIS
$26.8B
| $108K | ﹤0.01% |
+1,400
| New | +$122K |
2026 Q1
0 quarters
|
|
877
CALL
Reddit
RDDT
$30.7B
| $108K | ﹤0.01% |
+800
| New | +$136K |
2026 Q1
0 quarters
|
|
|
878
PUT
Reddit
RDDT
$30.7B
| $108K | ﹤0.01% |
+800
| New | +$136K |
2026 Q1
0 quarters
|
|
879
PUT
Xylem
XYL
$24.1B
| $108K | ﹤0.01% |
+900
| New | +$118K |
2026 Q1
0 quarters
|
|
880
Zoetis
ZTS
$32.4B
| $107K | ﹤0.01% |
903
+548
| +154% | +$67.8K |
2025 Q4
1 quarter
|
|
881
CALL
Fastenal
FAST
$57.8B
| $107K | ﹤0.01% |
+2,300
| New | +$103K |
2026 Q1
0 quarters
|
|
|
882
PUT
Fastenal
FAST
$57.8B
| $107K | ﹤0.01% |
+2,300
| New | +$103K |
2026 Q1
0 quarters
|
|
883
McKesson
MCK
$116B
| $106K | ﹤0.01% |
123
-67
| -35% | -$59.8K |
2025 Q3
2 quarters
|
|
884
CALL
Ecolab
ECL
$81.5B
| $106K | ﹤0.01% |
400
| – | – |
2025 Q2
3 quarters
|
|
|
885
CALL
Zoetis
ZTS
$32.4B
| $106K | ﹤0.01% |
900
+300
| +50% | +$37.1K |
2025 Q4
1 quarter
|
|
886
CALL
Fortinet
FTNT
$133B
| $106K | ﹤0.01% |
1,300
-300
| -19% | -$24.2K |
2025 Q4
1 quarter
|
|
887
CALL
Amgen
AMGN
$235B
| $106K | ﹤0.01% |
300
-800
| -73% | -$285K |
2025 Q1
4 quarters
|
|
888
Freshworks
FRSH
$3.72B
| $105K | ﹤0.01% |
13,109
-4,311
| -25% | -$39.8K |
2025 Q4
1 quarter
|
|
889
CVS Health
CVS
$118B
| $105K | ﹤0.01% |
+1,465
| New | +$113K |
2026 Q1
0 quarters
|
|
890
CALL
DoorDash
DASH
$83.6B
| $105K | ﹤0.01% |
700
+100
| +17% | +$18.5K |
2025 Q4
1 quarter
|
|
891
CALL
Dominion Energy
D
$55.3B
| $105K | ﹤0.01% |
1,700
-200
| -11% | -$12.4K |
2025 Q2
3 quarters
|
|
892
PUT
Extra Space Storage
EXR
$29.1B
| $105K | ﹤0.01% |
+800
| New | +$113K |
2026 Q1
0 quarters
|
|
893
PUT
TE Connectivity
TEL
$61.7B
| $105K | ﹤0.01% |
+500
| New | +$110K |
2026 Q1
0 quarters
|
|
894
CALL
Allstate
ALL
$60.6B
| $104K | ﹤0.01% |
+500
| New | +$103K |
2026 Q1
0 quarters
|
|
895
CALL
L3Harris
LHX
$44.8B
| $104K | ﹤0.01% |
+300
| New | +$105K |
2026 Q1
0 quarters
|
|
896
PUT
MetLife
MET
$63.7B
| $99K | ﹤0.01% |
1,400
-1,000
| -42% | -$74.9K |
2025 Q3
2 quarters
|
|
897
CALL
Valero Energy
VLO
$128B
| $98.8K | ﹤0.01% |
+400
| New | +$82.5K |
2026 Q1
0 quarters
|
|
898
CALL
Exelon
EXC
$43.8B
| $98K | ﹤0.01% |
+2,000
| New | +$93K |
2026 Q1
0 quarters
|
|
899
PUT
American International
AIG
$41.4B
| $97.8K | ﹤0.01% |
1,300
+300
| +30% | +$22.9K |
2025 Q2
3 quarters
|
|
900
Intercontinental Exchange
ICE
$88.9B
| $96.6K | ﹤0.01% |
614
-555
| -47% | -$90.5K |
2025 Q1
4 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.