CM
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 | |
|---|---|---|---|---|---|---|---|
1001
CALL
Agilent Technologies
A
$49.1B
| $45.6K | ﹤0.01% |
400
+200
| +100% | +$25.4K |
2025 Q3
2 quarters
|
|
1002
Quanta Services
PWR
$99.3B
| $43.9K | ﹤0.01% |
+80
| New | +$41.2K |
2026 Q1
0 quarters
|
|
1003
CALL
Moody's
MCO
$80.1B
| $43.6K | ﹤0.01% |
100
| – | – |
2025 Q4
1 quarter
|
|
1004
STMicroelectronics
STM
$42B
| $43.5K | ﹤0.01% |
+1,258
| New | +$39.4K |
2026 Q1
0 quarters
|
|
1005
Cigna
CI
$76.5B
| $43.2K | ﹤0.01% |
+162
| New | +$44.8K |
2026 Q1
0 quarters
|
|
1006
Aurora
AUR
$10.1B
| $43.1K | ﹤0.01% |
+10,472
| New | +$46.3K |
2026 Q1
0 quarters
|
|
1007
Trane Technologies
TT
$104B
| $41.7K | ﹤0.01% |
100
+88
| +733% | +$37.4K |
2025 Q4
1 quarter
|
|
1008
CALL
D.R. Horton
DHI
$37.4B
| $41.2K | ﹤0.01% |
+300
| New | +$45.3K |
2026 Q1
0 quarters
|
|
1009
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.4B
| $41K | ﹤0.01% |
+500
| New | +$42.1K |
2026 Q1
0 quarters
|
|
1010
American International
AIG
$40.5B
| $39.7K | ﹤0.01% |
528
+396
| +300% | +$30.3K |
2025 Q2
3 quarters
|
|
1011
Autodesk
ADSK
$48.3B
| $39.5K | ﹤0.01% |
165
-87
| -35% | -$21.9K |
2025 Q3
2 quarters
|
|
1012
Edwards Lifesciences
EW
$49.8B
| $36.8K | ﹤0.01% |
+460
| New | +$37.9K |
2026 Q1
0 quarters
|
|
1013
Extra Space Storage
EXR
$28.3B
| $36.7K | ﹤0.01% |
+280
| New | +$39.5K |
2026 Q1
0 quarters
|
|
1014
Progressive
PGR
$124B
| $35.7K | ﹤0.01% |
180
-306
| -63% | -$63.2K |
2024 Q3
6 quarters
|
|
1015
Axon Enterprise
AXON
$33.2B
| $35.7K | ﹤0.01% |
+84
| New | +$43.7K |
2026 Q1
0 quarters
|
|
1016
CALL
FedEx
FDX
$68.9B
| $35.6K | ﹤0.01% |
100
-200
| -67% | -$69.4K |
2025 Q1
4 quarters
|
|
1017
CALL
Roper Technologies
ROP
$36.9B
| $35.4K | ﹤0.01% |
+100
| New | +$36.9K |
2026 Q1
0 quarters
|
|
|
1018
FedEx
FDX
$68.9B
| $34.9K | ﹤0.01% |
+98
| New | +$34K |
2026 Q1
0 quarters
|
|
1019
AstraZeneca
AZN
$251B
| $31.9K | ﹤0.01% |
+162
| New | +$31.2K |
2026 Q1
0 quarters
|
|
1020
United Airlines
UAL
$32.1B
| $31.9K | ﹤0.01% |
347
-19,401
| -98% | -$2.03M |
2025 Q2
3 quarters
|
|
1021
CALL
Teradyne
TER
$56.2B
| $29.6K | ﹤0.01% |
+100
| New | +$27.9K |
2026 Q1
0 quarters
|
|
1022
Republic Services
RSG
$68.7B
| $27.8K | ﹤0.01% |
127
-985
| -89% | -$216K |
2025 Q4
1 quarter
|
|
1023
Keysight
KEYS
$60.9B
| $26.5K | ﹤0.01% |
+94
| New | +$23.5K |
2026 Q1
0 quarters
|
|
1024
Merck
MRK
$364B
| $26.5K | ﹤0.01% |
+220
| New | +$25.4K |
2026 Q1
0 quarters
|
|
1025
Pfizer
PFE
$166B
| $26.1K | ﹤0.01% |
929
-5,543
| -86% | -$148K |
2024 Q4
5 quarters
|
|
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CAM
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.