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Capula Management Portfolio holdings

AUM $14.1B
1-Year Est. Return 19.14%
This Fund
S&P 500
This Quarter Est. Return
-3.58%
1 Year Est. Return
+19.14%
3 Year Est. Return
+85.66%
5 Year Est. Return
+76.65%
10 Year Est. Return
+131.38%
AUM
$14.1B
AUM Growth
-$5.9B
Cap. Flow
-$5.17B
Cap. Flow %
-36.75%
Top 10 Hldgs %
79.37%
Holding
1,232
New
420
Increased
312
Reduced
280
Closed
164

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$5.79B
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$338M
3
CWAN
Clearwater Analytics
CWAN
+$60.4M
4
FOLD
Amicus Therapeutics
FOLD
+$45.3M
5
AES icon
AES
AES
+$36.7M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$7.4B
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$471M
3
ETHA
iShares Ethereum Trust ETF
ETHA
+$207M
4
BABA icon
Alibaba
BABA
+$201M
5
IBM icon
IBM
IBM
+$184M

Sector Composition

Rank Sector Weight
1 Technology 2.36%
2 Healthcare 1.29%
3 Communication Services 1.11%
4 Consumer Discretionary 1.06%
5 Industrials 0.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KRE icon
76
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.97B
$9.77M 0.07%
150,000
-650,000
-81% -$43.9M
NVDA icon
77
CALL
NVIDIA
NVDA
$4.91T
$9.68M 0.07%
55,500
-6,000
-10% -$1.1M
LLY icon
78
PUT
Eli Lilly
LLY
$1.05T
$9.66M 0.07%
10,500
+1,200
+13% +$1.22M
ORCL icon
79
PUT
Oracle
ORCL
$364B
$9.46M 0.07%
64,300
+27,400
+74% +$4.45M
MSFT icon
80
CALL
Microsoft
MSFT
$2.93T
$9.22M 0.07%
24,900
+9,800
+65% +$4.1M
COST icon
81
PUT
Costco
COST
$417B
$9.17M 0.07%
9,200
+2,000
+28% +$1.95M
GOOGL icon
82
CALL
Alphabet (Google) Class A
GOOGL
$4.23T
$9.12M 0.06%
31,700
+4,500
+17% +$1.41M
EHAB
83
DELISTED
Enhabit
EHAB
$9.09M 0.06%
+645,000
New +$7.72M
BABA icon
84
PUT
Alibaba
BABA
$276B
$9.03M 0.06%
72,000
-1,856,000
-96% -$279M
GOOGL icon
85
Alphabet (Google) Class A
GOOGL
$4.23T
$8.85M 0.06%
30,791
-375,131
-92% -$118M
ASML icon
86
PUT
ASML
ASML
$671B
$8.85M 0.06%
6,700
+2,200
+49% +$3.01M
LRCX icon
87
PUT
Lam Research
LRCX
$392B
$8.82M 0.06%
41,300
-3,200
-7% -$715K
KWEB icon
88
KraneShares CSI China Internet ETF
KWEB
$5.32B
$8.45M 0.06%
297,080
+294,952
+13,861% +$9.66M
XOM icon
89
PUT
ExxonMobil
XOM
$611B
$8.38M 0.06%
49,400
-822,700
-94% -$120M
INTC icon
90
PUT
Intel
INTC
$478B
$8.28M 0.06%
187,600
+171,400
+1,058% +$7.86M
KLAC icon
91
PUT
KLA
KLAC
$278B
$7.95M 0.06%
54,000
+9,000
+20% +$1.32M
XBI icon
92
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.4B
$7.84M 0.06%
+61,400
New +$7.66M
EFA icon
93
iShares MSCI EAFE ETF
EFA
$76.5B
$7.76M 0.06%
+79,930
New +$8M
ADI icon
94
PUT
Analog Devices
ADI
$183B
$7.76M 0.06%
24,400
+14,300
+142% +$4.55M
TXN icon
95
PUT
Texas Instruments
TXN
$258B
$7.69M 0.05%
39,600
+35,600
+890% +$7.21M
LQD icon
96
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$35.2B
$7.53M 0.05%
+69,044
New +$7.61M
META icon
97
Meta Platforms (Facebook)
META
$1.64T
$7.48M 0.05%
13,079
-50,575
-79% -$32.4M
WMT icon
98
PUT
Walmart Inc
WMT
$909B
$7.46M 0.05%
60,000
-48,000
-44% -$5.89M
MU icon
99
Micron Technology
MU
$959B
$7.38M 0.05%
21,845
+14,761
+208% +$5.78M
XLC icon
100
State Street Communication Services Select Sector SPDR ETF
XLC
$23.1B
$7.24M 0.05%
+65,292
New +$7.56M
2 3
4
5 6

Similar funds

X
Xponance Philadelphia, Pennsylvania $14.1B AUM 30.11% 1-Year Est. Return
ETC
Exchange Traded Concepts Oklahoma City, Oklahoma $14.1B AUM 25.71% 1-Year Est. Return
BIP
Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return
FGP
Freestone Grove Partners San Francisco, California $14.2B AUM 24.58% 1-Year Est. Return
BPC
Banque Pictet & Cie Geneva 73, Switzerland $14.2B AUM 20.68% 1-Year Est. Return
TI
Trexquant Investment Stamford, Connecticut $13.9B AUM 31.98% 1-Year Est. Return
SSA
Schonfeld Strategic Advisors New York $14.2B AUM 37.17% 1-Year Est. Return
SAM
Silvercrest Asset Management New York $13.8B AUM 28.39% 1-Year Est. Return

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 $5.17B 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 Technology at 2.4% of assets, down from 4.6% a quarter earlier, followed by Healthcare and Communication Services.

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.