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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 | |
|---|---|---|---|---|---|---|---|
126
Unifirst Corp
UNF
$4.74B
| $14.5M | 0.05% |
+55,000
| New | +$14.4M |
2026 Q2
0 quarters
|
|
127
DELISTED
Liberty Broadband Class C
LBRDK
| $14.4M | 0.05% |
434,293
-404,001
| -48% | -$15.7M |
2024 Q1
9 quarters
|
|
128
Teck Resources
TECK
$31.1B
| $14.1M | 0.05% |
228,254
+208,058
| +1,030% | +$12.7M |
2025 Q3
3 quarters
|
|
129
DELISTED
Janus Henderson
JHG
| $14M | 0.05% |
270,197
+44,780
| +20% | +$2.32M |
2026 Q1
1 quarter
|
|
130
PUT
KraneShares CSI China Internet ETF
KWEB
$4.5B
| $14M | 0.05% |
572,800
-4,400
| -0.8% | -$122K |
2026 Q1
1 quarter
|
|
131
Booking.com
BKNG
$122B
| $13.9M | 0.05% |
+78,101
| New | +$13.3M |
2026 Q2
0 quarters
|
|
132
PUT
Alphabet (Google) Class A
GOOGL
$4.21T
| $13.8M | 0.05% |
38,700
-70,400
| -65% | -$25.3M |
2019 Q2
28 quarters
|
|
|
133
Novanta Inc Units
NOVTU
$626M
| $13.6M | 0.05% |
20,000,000
+19,780,000
| +8,991% | +$1.24B |
2025 Q4
2 quarters
|
|
134
PUT
Micron Technology
MU
$1.02T
| $13.2M | 0.05% |
11,400
-24,700
| -68% | -$18.5M |
2025 Q1
5 quarters
|
|
135
PUT
Microsoft
MSFT
$3.96T
| $12.6M | 0.05% |
33,900
-85,200
| -72% | -$34.5M |
2019 Q2
28 quarters
|
|
136
PUT
Meta Platforms (Facebook)
META
$1.8T
| $11.8M | 0.04% |
20,900
-160,500
| -88% | -$98.1M |
2024 Q1
9 quarters
|
|
137
State Street SPDR S&P Regional Banking ETF
KRE
$3.39B
| $11M | 0.04% |
147,388
+85,852
| +140% | +$6.01M |
2026 Q1
1 quarter
|
|
|
138
PPL Corp Corporate Units
PPLC
| $11M | 0.04% |
+22,500,000
| New | +$1.11B |
2026 Q2
0 quarters
|
|
|
139
KraneShares CSI China Internet ETF
KWEB
$4.5B
| $10.9M | 0.04% |
447,370
+150,290
| +51% | +$4.16M |
2025 Q1
5 quarters
|
|
|
140
NextEra Energy Inc 7.375% Corporate Units
NEE.PRV
| $10.8M | 0.04% |
22,500,000
+21,950,407
| +3,994% | +$1.08B |
2026 Q1
1 quarter
|
|
141
Bio-Techne
TECH
$11.4B
| $10.6M | 0.04% |
+150,000
| New | +$8.1M |
2026 Q2
0 quarters
|
|
142
CALL
JD.com
JD
$36.2B
| $10.5M | 0.04% |
413,800
+405,200
| +4,712% | +$11.9M |
2026 Q1
1 quarter
|
|
143
CALL
NetEase
NTES
$80.2B
| $10.2M | 0.04% |
+79,700
| New | +$9.41M |
2026 Q2
0 quarters
|
|
144
CALL
ZIM Integrated Shipping Services
ZIM
$3.49B
| $10.1M | 0.04% |
388,400
| – | – |
2026 Q1
1 quarter
|
|
145
HEICO Corp Class A
HEI.A
$32.6B
| $9.6M | 0.03% |
37,346
+18,630
| +100% | +$4.26M |
2026 Q1
1 quarter
|
|
146
CALL
Advanced Micro Devices
AMD
$878B
| $9.18M | 0.03% |
15,800
+4,600
| +41% | +$1.89M |
2025 Q1
5 quarters
|
|
147
Honeywell
HON
$66.6B
| $9.11M | 0.03% |
40,674
+40,445
| +17,662% | +$9.02M |
2025 Q3
3 quarters
|
|
|
148
Microsoft
MSFT
$3.96T
| $9.1M | 0.03% |
24,393
-27,765
| -53% | -$11.2M |
2025 Q3
3 quarters
|
|
149
CALL
Pinduoduo
PDD
$116B
| $8.3M | 0.03% |
108,800
+106,800
| +5,340% | +$9.9M |
2025 Q3
3 quarters
|
|
150
DELISTED
Talkspace
TALK
| $8.25M | 0.03% |
1,586,580
+1,086,580
| +217% | +$5.64M |
2026 Q1
1 quarter
|
|
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.