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 | |
|---|---|---|---|---|---|---|---|
1151
KBR
KBR
$4.44B
| – | – |
-5,248
| Closed | -$211K | – |
|
1152
Knife River
KNF
$2.72B
| – | – |
-2,891
| Closed | -$203K | – |
|
1153
CALL
KraneShares CSI China Internet ETF
KWEB
$4.46B
| – | – |
-600,000
| Closed | -$20.4M | – |
|
1154
Lumentum
LITE
$81.2B
| – | – |
-669
| Closed | -$247K | – |
|
1155
lululemon athletica
LULU
$10.9B
| – | – |
-40,000
| Closed | -$8.31M | – |
|
|
1156
PUT
lululemon athletica
LULU
$10.9B
| – | – |
-40,000
| Closed | -$8.31M | – |
|
1157
Las Vegas Sands
LVS
$24B
| – | – |
-150,000
| Closed | -$9.76M | – |
|
|
1158
PUT
Las Vegas Sands
LVS
$24B
| – | – |
-150,000
| Closed | -$9.76M | – |
|
1159
MGM Resorts International
MGM
$7.29B
| – | – |
-8,585
| Closed | -$313K | – |
|
1160
CALL
Martin Marietta Materials
MLM
$33.5B
| – | – |
-100
| Closed | -$62.3K | – |
|
|
1161
Martin Marietta Materials
MLM
$33.5B
| – | – |
-582
| Closed | -$362K | – |
|
|
1162
PUT
Martin Marietta Materials
MLM
$33.5B
| – | – |
-100
| Closed | -$62.3K | – |
|
1163
Altria Group
MO
$122B
| – | – |
-3,324
| Closed | -$214K | – |
|
1164
Morgan Stanley
MS
$285B
| – | – |
-16,453
| Closed | -$2.85M | – |
|
1165
CALL
MSCI
MSCI
$40.7B
| – | – |
-100
| Closed | -$57.4K | – |
|
1166
Norwegian Cruise Line
NCLH
$6.83B
| – | – |
-61,169
| Closed | -$1.37M | – |
|
|
NGD
1167
DELISTED
New Gold Inc
NGD
| – | – |
-1,369,532
| Closed | -$11.9M | – |
|
1168
Northrop Grumman
NOC
$70.4B
| – | – |
-127
| Closed | -$87.8K | – |
|
1169
NorthWestern Energy
NWE
$4.58B
| – | – |
-46,512
| Closed | -$3M | – |
|
1170
UiPath
PATH
$6.81B
| – | – |
-11,078
| Closed | -$182K | – |
|
1171
CALL
Paychex
PAYX
$38.6B
| – | – |
-800
| Closed | -$89.7K | – |
|
|
1172
Paychex
PAYX
$38.6B
| – | – |
-371
| Closed | -$41.6K | – |
|
|
1173
PUT
Paychex
PAYX
$38.6B
| – | – |
-700
| Closed | -$78.5K | – |
|
1174
Petrobras
PBR
$167B
| – | – |
-164,470
| Closed | -$1.95M | – |
|
1175
PG&E
PCG
$39.5B
| – | – |
-10,890
| Closed | -$185K | – |
|
Similar funds
SSA
UIM
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.