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Capula Management Portfolio holdings
AUM
$28B
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
2.4
quarters
Top 10 Avg Time Held Equity + Options
1.6
quarters
Top 20 Avg Time Held Equity + Options
1.3
quarters
Avg Time Held Equity only
1.8
quarters
Top 10 Avg Time Held Equity only
2.5
quarters
Top 20 Avg Time Held Equity only
1.3
quarters
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 | |
|---|---|---|---|---|---|---|---|
126
Sandisk
SNDK
$214B
| $4.89M | 0.03% |
7,700
+6,706
| +675% | +$3.79M |
2025 Q4
1 quarter
|
|
127
VSE Corp Tangible Equity Units
VSECU
$1.23B
| $4.73M | 0.03% |
+191,152
| New | +$10.2M |
2026 Q1
0 quarters
|
|
128
PUT
Lowe's Companies
LOW
$106B
| $4.73M | 0.03% |
20,000
-25,000
| -56% | -$6.52M |
2024 Q3
6 quarters
|
|
129
CALL
BP
BP
$125B
| $4.7M | 0.03% |
+100,000
| New | +$3.92M |
2026 Q1
0 quarters
|
|
130
PUT
Marvell Technology
MRVL
$242B
| $4.57M | 0.03% |
46,100
+16,100
| +54% | +$1.35M |
2024 Q2
7 quarters
|
|
131
PUT
GE Vernova
GEV
$267B
| $4.54M | 0.03% |
5,200
+3,600
| +225% | +$2.81M |
2025 Q1
4 quarters
|
|
132
CALL
Meta Platforms (Facebook)
META
$1.94T
| $4.46M | 0.03% |
7,800
+2,100
| +37% | +$1.35M |
2025 Q1
4 quarters
|
|
133
Under Armour
UAA
$2.1B
| $4.43M | 0.03% |
+749,640
| New | +$4.86M |
2026 Q1
0 quarters
|
|
134
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$43.9B
| $4.41M | 0.03% |
+30,100
| New | +$4.64M |
2026 Q1
0 quarters
|
|
135
PUT
CrowdStrike
CRWD
$267B
| $4.37M | 0.03% |
44,800
+41,200
| +1,144% | +$4.37M |
2024 Q3
6 quarters
|
|
136
Alnylam Pharmaceuticals
ALNY
$29.9B
| $4.34M | 0.03% |
13,115
-66
| -0.5% | -$22.5K |
2025 Q3
2 quarters
|
|
137
PUT
Boeing
BA
$147B
| $4.34M | 0.03% |
21,800
+18,400
| +541% | +$4.19M |
2024 Q4
5 quarters
|
|
138
CALL
Brighthouse Financial
BHF
$2.76B
| $4.24M | 0.03% |
+70,800
| New | +$4.42M |
2026 Q1
0 quarters
|
|
139
News Corp Class A
NWSA
$16B
| $4.23M | 0.03% |
169,482
-91,535
| -35% | -$2.27M |
2024 Q3
6 quarters
|
|
140
Whirlpool Corp 8.50% Series A Preferred Stock
WHR.PRA
| $4.12M | 0.03% |
+200,000
| New | +$8.55M |
2026 Q1
0 quarters
|
|
141
PUT
Bristol-Myers Squibb
BMY
$116B
| $4.06M | 0.03% |
67,000
+12,200
| +22% | +$711K |
2025 Q1
4 quarters
|
|
142
Shopify
SHOP
$227B
| $4.06M | 0.03% |
34,189
+21,830
| +177% | +$2.87M |
2024 Q4
5 quarters
|
|
143
PUT
Procter & Gamble
PG
$355B
| $4.04M | 0.03% |
28,000
-4,300
| -13% | -$652K |
2024 Q1
8 quarters
|
|
144
State Street SPDR S&P Regional Banking ETF
KRE
$3.28B
| $4.01M | 0.03% |
+61,536
| New | +$4.16M |
2026 Q1
0 quarters
|
|
145
Coeur Mining
CDE
$16.7B
| $4M | 0.03% |
213,088
+40,981
| +24% | +$892K |
2025 Q4
1 quarter
|
|
146
PUT
Caterpillar
CAT
$355B
| $3.97M | 0.03% |
5,600
-166,700
| -97% | -$115M |
2023 Q4
9 quarters
|
|
147
HEICO Corp Class A
HEI.A
$30.9B
| $3.95M | 0.03% |
+18,716
| New | +$4.61M |
2026 Q1
0 quarters
|
|
148
Allison Transmission
ALSN
$9.22B
| $3.94M | 0.03% |
+33,692
| New | +$3.83M |
2026 Q1
0 quarters
|
|
149
CALL
Broadcom
AVGO
$1.71T
| $3.9M | 0.03% |
12,600
-14,400
| -53% | -$4.74M |
2025 Q1
4 quarters
|
|
150
PUT
Palo Alto Networks
PANW
$325B
| $3.88M | 0.03% |
24,200
-102,900
| -81% | -$17.3M |
2025 Q1
4 quarters
|
|
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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.