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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
(-30%)
Cap. Flow
-$5.17B
Cap. Flow
% of AUM
-36.75%
Top 10 Holdings %
Top 10 Hldgs %
79.37%
Holding
1,232
New
420
Increased
312
Reduced
280
Closed
164
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 |
CWAN
Clearwater Analytics
CWAN
|
+$60.4M |
| 4 |
FOLD
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 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$207M |
| 4 |
Alibaba
BABA
|
+$201M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
101
PUT
Chevron
CVX
$373B
| $7.2M | 0.05% |
34,800
+17,300
| +99% | +$3.15M |
|
102
PUT
Johnson & Johnson
JNJ
$609B
| $7.14M | 0.05% |
29,200
-5,700
| -16% | -$1.33M |
|
103
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $7.12M | 0.05% |
+89,555
| New | +$7.2M |
|
104
Ferguson
FERG
$45B
| $7.11M | 0.05% |
+30,461
| New | +$7.41M |
|
105
Alphabet (Google) Class C
GOOG
$4.22T
| $6.9M | 0.05% |
24,039
-135,961
| -85% | -$42.7M |
|
106
PUT
Constellation Energy
CEG
$90.1B
| $6.84M | 0.05% |
24,500
-232,400
| -90% | -$70.6M |
|
107
James Hardie Industries
JHX
$15B
| $6.62M | 0.05% |
+349,531
| New | +$7.86M |
|
108
PUT
Visa
V
$682B
| $6.5M | 0.05% |
21,500
-5,300
| -20% | -$1.7M |
|
|
TERN
109
DELISTED
Terns Pharmaceuticals
TERN
| $6.38M | 0.05% |
+120,976
| New | +$4.97M |
|
110
PUT
McDonald's
MCD
$190B
| $6.37M | 0.05% |
20,500
+17,600
| +607% | +$5.61M |
|
111
SharkNinja
SN
$21.9B
| $6.35M | 0.05% |
+59,973
| New | +$7.02M |
|
112
TSMC
TSM
$2.07T
| $6.08M | 0.04% |
+17,984
| New | +$6.19M |
|
|
NOVTU
113
Novanta Inc Units
NOVTU
| $5.89M | 0.04% |
220,000
| – | – |
|
114
PUT
Cisco
CSCO
$441B
| $5.87M | 0.04% |
75,600
+58,400
| +340% | +$4.57M |
|
|
SEMR
115
DELISTED
Semrush
SEMR
| $5.83M | 0.04% |
488,521
+393,831
| +416% | +$4.68M |
|
116
PUT
Synopsys
SNPS
$73.6B
| $5.71M | 0.04% |
14,400
+13,800
| +2,300% | +$6.24M |
|
117
PUT
Salesforce
CRM
$140B
| $5.51M | 0.04% |
29,500
+26,400
| +852% | +$5.47M |
|
118
PUT
Mastercard
MA
$480B
| $5.45M | 0.04% |
10,900
-2,600
| -19% | -$1.37M |
|
119
ZIM Integrated Shipping Services
ZIM
$2.93B
| $5.44M | 0.04% |
+206,368
| New | +$5.14M |
|
120
PUT
AbbVie
ABBV
$450B
| $5.44M | 0.04% |
25,000
-700
| -3% | -$155K |
|
121
Valaris
VAL
$5.3B
| $5.43M | 0.04% |
+55,415
| New | +$4.32M |
|
|
ORCL.PRD
122
Oracle Corp Preferred Stock Series D
ORCL.PRD
| $5.36M | 0.04% |
+233,490
| New | +$11M |
|
123
PUT
Qualcomm
QCOM
$181B
| $5.29M | 0.04% |
41,100
-631,900
| -94% | -$92.2M |
|
124
PUT
TJX Companies
TJX
$171B
| $5.24M | 0.04% |
32,800
+27,900
| +569% | +$4.34M |
|
125
Marvell Technology
MRVL
$169B
| $5.15M | 0.04% |
52,013
-72,321
| -58% | -$6.07M |
|
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SAM
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.