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Capula Management Portfolio holdings
AUM
$28B
Turnover
51.43%
1-Year Est. Return
22.67%
This Fund
S&P 500
This Quarter Est. Return
+16.2%
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
$28B
AUM Growth
+$13.9B
(+99%)
Cap. Flow
+$13.1B
Cap. Flow % of AUM
Cap. Flow %
46.94%
Top 10 Holdings %
Top 10 Hldgs %
73.32%
Holding
1,190
New
122
Increased
162
Reduced
335
Closed
490
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$7.98B |
| 2 |
Novanta Inc Units
NOVTU
|
+$1.24B |
| 3 |
PPL Corp Corporate Units
PPLC
|
+$1.11B |
| 4 |
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
|
+$1.08B |
| 5 |
Alibaba
BABA
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.13B |
| 2 |
Clearwater Analytics
CWAN
|
+$63.3M |
| 3 |
Amicus Therapeutics
FOLD
|
+$46.2M |
| 4 |
Sealed Air
SEE
|
+$38.6M |
| 5 |
Hologic
HOLX
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.78% |
| 2 | Technology | 4.48% |
| 3 | Consumer Discretionary | 3.01% |
| 4 | Industrials | 1.78% |
| 5 | Healthcare | 0.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Cadence Design Systems
CDNS
$89.7B
| $21M | 0.08% |
56,013
+50,658
| +946% | +$17.8M |
2025 Q4
2 quarters
|
|
102
Celestica
CLS
$37.9B
| $20.4M | 0.07% |
+56,000
| New | +$21M |
2026 Q2
0 quarters
|
|
|
103
PUT
Celestica
CLS
$37.9B
| $20.4M | 0.07% |
+56,000
| New | +$21M |
2026 Q2
0 quarters
|
|
104
State Street Communication Services Select Sector SPDR ETF
XLC
$23.4B
| $20.3M | 0.07% |
189,487
+124,195
| +190% | +$14.2M |
2026 Q1
1 quarter
|
|
105
PUT
iShares MSCI EAFE ETF
EFA
$76.4B
| $20.3M | 0.07% |
195,300
| – | – |
2026 Q1
1 quarter
|
|
106
Vanguard S&P 500 ETF
VOO
$1.04T
| $19.7M | 0.07% |
28,690
-35,805
| -56% | -$23.9M |
2025 Q3
3 quarters
|
|
107
iShares Russell 2000 ETF
IWM
$77.8B
| $19.1M | 0.07% |
63,619
-27,696
| -30% | -$7.78M |
2026 Q1
1 quarter
|
|
108
PUT
Honeywell
HON
$66.6B
| $18.3M | 0.07% |
81,700
+79,100
| +3,042% | +$17.6M |
2024 Q3
7 quarters
|
|
109
PUT
Amazon
AMZN
$2.83T
| $18.2M | 0.07% |
76,500
-175,900
| -70% | -$44.2M |
2021 Q1
21 quarters
|
|
110
PUT
IBM
IBM
$223B
| $17.8M | 0.06% |
63,300
+60,100
| +1,878% | +$15.1M |
2024 Q3
7 quarters
|
|
|
111
IBM
IBM
$223B
| $17.7M | 0.06% |
63,036
+62,388
| +9,628% | +$15.7M |
2025 Q3
3 quarters
|
|
112
TXNM Energy Inc
TXNM
$6.44B
| $17.5M | 0.06% |
307,584
+271,563
| +754% | +$15.9M |
2026 Q1
1 quarter
|
|
113
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.3B
| $17.4M | 0.06% |
+148,233
| New | +$17.3M |
2026 Q2
0 quarters
|
|
114
PUT
lululemon athletica
LULU
$11.3B
| $17.2M | 0.06% |
+150,900
| New | +$20.2M |
2026 Q2
0 quarters
|
|
115
Zscaler
ZS
$34.7B
| $17.2M | 0.06% |
+122,000
| New | +$17M |
2026 Q2
0 quarters
|
|
|
116
PUT
Zscaler
ZS
$34.7B
| $17.2M | 0.06% |
+122,000
| New | +$17M |
2026 Q2
0 quarters
|
|
|
117
lululemon athletica
LULU
$11.3B
| $17.2M | 0.06% |
+150,676
| New | +$20.1M |
2026 Q2
0 quarters
|
|
118
Palantir
PLTR
$467B
| $16.9M | 0.06% |
144,474
+122,836
| +568% | +$16.8M |
2025 Q1
5 quarters
|
|
119
Allied Gold Corp
AAUC
$2.91B
| $16.5M | 0.06% |
692,457
-309,543
| -31% | -$8.75M |
2026 Q1
1 quarter
|
|
120
Caesars Entertainment
CZR
$5.92B
| $16.5M | 0.06% |
545,500
+509,500
| +1,415% | +$14.4M |
2025 Q3
3 quarters
|
|
121
BitMine Immersion Technologies
BMNR
$13B
| $16M | 0.06% |
+1,200,000
| New | +$23.2M |
2026 Q2
0 quarters
|
|
|
122
PUT
BitMine Immersion Technologies
BMNR
$13B
| $16M | 0.06% |
+1,200,000
| New | +$23.2M |
2026 Q2
0 quarters
|
|
123
PUT
Booking.com
BKNG
$122B
| $15.4M | 0.05% |
+86,200
| New | +$14.7M |
2026 Q2
0 quarters
|
|
124
PUT
United States Oil Fund
USO
$1.85B
| $14.9M | 0.05% |
+140,000
| New | +$18.3M |
2026 Q2
0 quarters
|
|
125
PUT
Bank of America
BAC
$352B
| $14.6M | 0.05% |
256,800
+181,200
| +240% | +$9.6M |
2024 Q1
9 quarters
|
|
Similar funds
Capula Management's Q2 2026 Portfolio in Review
As of Q2 2026, Capula Management held 1,190 positions worth $28B, up 99% from $14.1B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Capula Management deployed $13.1B of net new capital in Q2 2026, opening 122 new positions and adding to 162 existing holdings. Its largest new stake was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, down from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.13B trimmed.
- Capula Management's largest Q2 2026 buy was PPL Corp Corporate Units: 22,500,000 shares worth $11M.
- Capula Management added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $7.98B increase.
- Capula Management's biggest Q2 2026 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.13B.
- Capula Management fully exited Clearwater Analytics in Q2 2026, selling an estimated $63.3M.
- Capula Management's ten largest holdings make up 73% of its $28B portfolio in Q2 2026.
- Capula Management opened 122 new positions and closed 490 in Q2 2026.
- Capula Management's portfolio value rose 99% quarter-over-quarter to $28B.
Based on Capula Management's 13F filing for Q2 2026, filed 14 Aug 2026.