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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
KBR icon
1151
KBR
KBR
$4.45B
– –
-5,248
Closed -$211K
KNF icon
1152
Knife River
KNF
$4.64B
– –
-2,891
Closed -$203K
KWEB icon
1153
CALL
KraneShares CSI China Internet ETF
KWEB
$5.31B
– –
-600,000
Closed -$20.4M
LITE icon
1154
Lumentum
LITE
$57B
– –
-669
Closed -$247K
LULU icon
1155
lululemon athletica
LULU
$13.2B
– –
-40,000
Closed -$8.31M
LULU icon
1156
PUT
lululemon athletica
LULU
$13.2B
– –
-40,000
Closed -$8.31M
LVS icon
1157
Las Vegas Sands
LVS
$30.1B
– –
-150,000
Closed -$9.76M
LVS icon
1158
PUT
Las Vegas Sands
LVS
$30.1B
– –
-150,000
Closed -$9.76M
MGM icon
1159
MGM Resorts International
MGM
$11.8B
– –
-8,585
Closed -$313K
MLM icon
1160
CALL
Martin Marietta Materials
MLM
$33.8B
– –
-100
Closed -$62.3K
MLM icon
1161
Martin Marietta Materials
MLM
$33.8B
– –
-582
Closed -$362K
MLM icon
1162
PUT
Martin Marietta Materials
MLM
$33.8B
– –
-100
Closed -$62.3K
MO icon
1163
Altria Group
MO
$124B
– –
-3,324
Closed -$214K
MS icon
1164
Morgan Stanley
MS
$339B
– –
-16,453
Closed -$2.85M
MSCI icon
1165
CALL
MSCI
MSCI
$45.8B
– –
-100
Closed -$57.4K
NCLH icon
1166
Norwegian Cruise Line
NCLH
$8.93B
– –
-61,169
Closed -$1.37M
NGD
1167
DELISTED
New Gold Inc
NGD
– –
-1,369,532
Closed -$11.9M
NOC icon
1168
Northrop Grumman
NOC
$74.1B
– –
-127
Closed -$87.8K
NWE icon
1169
NorthWestern Energy
NWE
$4.43B
– –
-46,512
Closed -$3M
PATH icon
1170
UiPath
PATH
$6.3B
– –
-11,078
Closed -$182K
PAYX icon
1171
CALL
Paychex
PAYX
$40.7B
– –
-800
Closed -$89.7K
PAYX icon
1172
Paychex
PAYX
$40.7B
– –
-371
Closed -$41.6K
PAYX icon
1173
PUT
Paychex
PAYX
$40.7B
– –
-700
Closed -$78.5K
PBR icon
1174
Petrobras
PBR
$116B
– –
-164,470
Closed -$1.95M
PCG icon
1175
PG&E
PCG
$38.1B
– –
-10,890
Closed -$185K
45 46
47
48 49

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.