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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
SUI icon
1201
Sun Communities
SUI
$15B
– –
-21,451
Closed -$2.66M
T icon
1202
AT&T
T
$152B
– –
-18,538
Closed -$495K
TECK icon
1203
CALL
Teck Resources
TECK
$27B
– –
-123,300
Closed -$5.9M
TGT icon
1204
Target
TGT
$63.4B
– –
-993
Closed -$112K
THD icon
1205
iShares MSCI Thailand ETF
THD
$361M
– –
-4,108
Closed -$245K
THG icon
1206
Hanover Insurance
THG
$7.46B
– –
-13,434
Closed -$2.46M
TLT icon
1207
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.8B
– –
-200,000
Closed -$17.4M
TRV icon
1208
Travelers Companies
TRV
$78.5B
– –
-7,835
Closed -$2.3M
ULTA icon
1209
CALL
Ulta Beauty
ULTA
$20.6B
– –
-7,000
Closed -$4.24M
USB icon
1210
US Bancorp
USB
$98.4B
– –
-177
Closed -$9.73K
VMI icon
1211
Valmont Industries
VMI
$10.3B
– –
-546
Closed -$220K
VRT icon
1212
Vertiv
VRT
$111B
– –
-62,511
Closed -$10.1M
VZ icon
1213
Verizon
VZ
$182B
– –
-9,262
Closed -$429K
WBD icon
1214
CALL
Warner Bros
WBD
$67.4B
– –
-3,400
Closed -$98K
WDAY icon
1215
CALL
Workday
WDAY
$35.8B
– –
-600
Closed -$129K
WDAY icon
1216
Workday
WDAY
$35.8B
– –
-54
Closed -$11.6K
WDAY icon
1217
PUT
Workday
WDAY
$35.8B
– –
-400
Closed -$85.9K
XLV icon
1218
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$41.7B
– –
-200
Closed -$31K
XME icon
1219
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
– –
-400,000
Closed -$41.4M
Z icon
1220
PUT
Zillow
Z
$7.76B
– –
-3,900
Closed -$266K
ZM icon
1221
CALL
Zoom
ZM
$26.7B
– –
-2,300
Closed -$198K
DAY
1222
DELISTED
Dayforce
DAY
– –
-532,716
Closed -$36.8M
VIK icon
1223
Viking Holdings
VIK
$43.3B
– –
-2,923
Closed -$209K
ETHA
1224
iShares Ethereum Trust ETF
ETHA
$5.2B
– –
-9,227,427
Closed -$207M
FETH
1225
Fidelity Ethereum Fund
FETH
$995M
– –
-2,074,703
Closed -$61.4M
46 47 48
49
50

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.