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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
+16.2%
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
$28B
AUM Growth
+$13.9B
(+99%)
Cap. Flow
+$13.1B
Cap. Flow % of AUM
Cap. Flow %
46.94%
Top 10 Holdings %
Top 10 Hldgs %
73.32%
Holding
1,190
New
122
Increased
162
Reduced
335
Closed
490
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$7.98B |
| 2 |
Novanta Inc Units
NOVTU
|
+$1.24B |
| 3 |
PPL Corp Corporate Units
PPLC
|
+$1.11B |
| 4 |
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
|
+$1.08B |
| 5 |
Alibaba
BABA
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.13B |
| 2 |
Clearwater Analytics
CWAN
|
+$63.3M |
| 3 |
Amicus Therapeutics
FOLD
|
+$46.2M |
| 4 |
Sealed Air
SEE
|
+$38.6M |
| 5 |
Hologic
HOLX
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.78% |
| 2 | Technology | 4.48% |
| 3 | Consumer Discretionary | 3.01% |
| 4 | Industrials | 1.78% |
| 5 | Healthcare | 0.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
PUT
Arista Networks
ANET
$232B
| $34M | 0.12% |
200,300
+196,200
| +4,785% | +$30.8M |
2024 Q4
6 quarters
|
|
|
77
Arista Networks
ANET
$232B
| $34M | 0.12% |
200,000
+198,854
| +17,352% | +$31.2M |
2026 Q1
1 quarter
|
|
78
Vertiv
VRT
$79.6B
| $34M | 0.12% |
+101,428
| New | +$32.2M |
2026 Q2
0 quarters
|
|
|
79
PUT
Vertiv
VRT
$79.6B
| $33.7M | 0.12% |
+100,600
| New | +$31.9M |
2026 Q2
0 quarters
|
|
80
Hilton Worldwide
HLT
$77.6B
| $33.3M | 0.12% |
100,797
+100,076
| +13,880% | +$32.9M |
2025 Q3
3 quarters
|
|
|
81
PUT
Hilton Worldwide
HLT
$77.6B
| $33.1M | 0.12% |
100,100
+96,300
| +2,534% | +$31.6M |
2025 Q1
5 quarters
|
|
82
PUT
United Parcel Service
UPS
$82.9B
| $32.4M | 0.12% |
301,500
+298,200
| +9,036% | +$31M |
2025 Q1
5 quarters
|
|
|
83
United Parcel Service
UPS
$82.9B
| $32.3M | 0.12% |
300,184
+299,587
| +50,182% | +$31.1M |
2026 Q1
1 quarter
|
|
84
DELISTED
Webster Financial
WBS
| $32M | 0.11% |
418,906
+272,916
| +187% | +$19.8M |
2026 Q1
1 quarter
|
|
85
PUT
Palantir
PLTR
$468B
| $30.8M | 0.11% |
264,400
+149,000
| +129% | +$20.3M |
2025 Q1
5 quarters
|
|
86
iShares China Large-Cap ETF
FXI
$3.86B
| $29.5M | 0.11% |
932,569
-111,622
| -11% | -$3.98M |
2025 Q1
5 quarters
|
|
87
PUT
Marriott International
MAR
$102B
| $28.8M | 0.1% |
77,700
+74,200
| +2,120% | +$27.4M |
2024 Q3
7 quarters
|
|
88
DELISTED
TopBuild
BLD
| $28.4M | 0.1% |
+80,000
| New | +$33M |
2026 Q2
0 quarters
|
|
|
89
Marriott International
MAR
$102B
| $27.9M | 0.1% |
75,273
+74,502
| +9,663% | +$27.5M |
2025 Q3
3 quarters
|
|
90
DELISTED
Chart Industries
GTLS
| $27.5M | 0.1% |
131,850
-34,470
| -21% | -$7.16M |
2026 Q1
1 quarter
|
|
91
Penumbra
PEN
$12.7B
| $26.2M | 0.09% |
83,000
-18,779
| -18% | -$6.08M |
2026 Q1
1 quarter
|
|
92
Norfolk Southern
NSC
$72.9B
| $25M | 0.09% |
79,368
-65,381
| -45% | -$20.2M |
2025 Q4
2 quarters
|
|
93
PUT
Constellation Energy
CEG
$93.3B
| $24.8M | 0.09% |
99,700
+75,200
| +307% | +$21.2M |
2025 Q1
5 quarters
|
|
94
PUT
Apple
AAPL
$5T
| $24.7M | 0.09% |
85,500
-121,000
| -59% | -$34.6M |
2019 Q2
28 quarters
|
|
95
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $24.3M | 0.09% |
292,619
+274,244
| +1,492% | +$22.9M |
2025 Q4
2 quarters
|
|
|
96
Constellation Energy
CEG
$93.3B
| $24.1M | 0.09% |
96,874
+86,114
| +800% | +$24.3M |
2025 Q3
3 quarters
|
|
97
PUT
Coinbase
COIN
$44.5B
| $23.7M | 0.08% |
162,100
+159,500
| +6,135% | +$28.8M |
2025 Q3
3 quarters
|
|
|
98
Coinbase
COIN
$44.5B
| $23.4M | 0.08% |
160,051
+159,939
| +142,803% | +$28.9M |
2025 Q3
3 quarters
|
|
99
Invesco QQQ Trust
QQQ
$486B
| $22.8M | 0.08% |
30,971
-2,781
| -8% | -$1.91M |
2021 Q4
18 quarters
|
|
100
PUT
Cadence Design Systems
CDNS
$90.1B
| $21.1M | 0.08% |
56,100
+43,400
| +342% | +$15.2M |
2025 Q1
5 quarters
|
|
Similar funds
Capula Management's Q2 2026 Portfolio in Review
As of Q2 2026, Capula Management held 1,190 positions worth $28B, up 99% from $14.1B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Capula Management deployed $13.1B of net new capital in Q2 2026, opening 122 new positions and adding to 162 existing holdings. Its largest new stake was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, down from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.13B trimmed.
- Capula Management's largest Q2 2026 buy was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
- Capula Management added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $7.98B increase.
- Capula Management's biggest Q2 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.13B.
- Capula Management fully exited Clearwater Analytics in Q2 2026, selling an estimated $63.3M.
- Capula Management's ten largest holdings make up 73% of its $28B portfolio in Q2 2026.
- Capula Management opened 122 new positions and closed 490 in Q2 2026.
- Capula Management's portfolio value rose 99% quarter-over-quarter to $28B.
Based on Capula Management's 13F filing for Q2 2026, filed 14 Aug 2026.