CM

Capula Management Portfolio holdings

AUM $28B Turnover 51.43%
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
Cap. Flow
-$3.39B
Cap. Flow %
-24.11%
Top 10 Hldgs %
79.37%
Holding
1,232
New
420
Increased
312
Reduced
280
Closed
164
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.3 years
Avg Time Held Equity only
0.5 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.3 years

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 icon
Clearwater Analytics
CWAN
+$60.4M
4
FOLD icon
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 icon
iShares Ethereum Trust ETF
ETHA
+$207M
4
BABA icon
Alibaba
BABA
+$201M
5
IBM icon
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
INTU icon
151
PUT
Intuit
INTU
$83B
$3.85M 0.03%
8,900
+7,700
+642% +$3.67M
2022 Q2
15 quarters
CRWV icon
152
CoreWeave
CRWV
$36.3B
$3.78M 0.03%
48,804
+18,679
+62% +$1.62M
2025 Q3
2 quarters
NFLX icon
153
PUT
Netflix
NFLX
$294B
$3.73M 0.03%
38,800
-30,800
-44% -$2.71M
2024 Q1
8 quarters
BAC icon
154
PUT
Bank of America
BAC
$359B
$3.69M 0.03%
75,600
-54,600
-42% -$2.82M
2024 Q1
8 quarters
DUK icon
155
PUT
Duke Energy
DUK
$93.3B
$3.67M 0.03%
28,000
+25,100
+866% +$3.14M
2025 Q1
4 quarters
AMZN icon
156
CALL
Amazon
AMZN
$2.74T
$3.67M 0.03%
17,600
-1,500
-8% -$330K
2025 Q1
4 quarters
APP icon
157
PUT
Applovin
APP
$87.7B
$3.66M 0.03%
9,200
-81,000
-90% -$39.2M
2025 Q3
2 quarters
SLV icon
158
PUT
iShares Silver Trust
SLV
$27B
$3.64M 0.03%
53,400
-1,527,900
-97% -$116M
2025 Q3
2 quarters
CRDO icon
159
Credo Technology Group
CRDO
$33.7B
$3.57M 0.03%
+38,073
New +$4.63M
2026 Q1
0 quarters
AVO icon
160
Mission Produce
AVO
$1.06B
$3.55M 0.03%
+258,000
New +$3.44M
2026 Q1
0 quarters
CDNS icon
161
PUT
Cadence Design Systems
CDNS
$90.7B
$3.53M 0.03%
12,700
+7,700
+154% +$2.3M
2025 Q1
4 quarters
EXC icon
162
PUT
Exelon
EXC
$43.9B
$3.52M 0.03%
+71,900
New +$3.34M
2026 Q1
0 quarters
INTC icon
163
Intel
INTC
$519B
$3.5M 0.02%
79,221
+78,932
+27,312% +$3.62M
2025 Q4
1 quarter
DE icon
164
PUT
Deere & Co
DE
$175B
$3.49M 0.02%
6,200
+5,200
+520% +$2.93M
2025 Q1
4 quarters
HD icon
165
Home Depot
HD
$295B
$3.46M 0.02%
10,535
+6,607
+168% +$2.41M
2024 Q4
5 quarters
GE icon
166
PUT
GE Aerospace
GE
$319B
$3.43M 0.02%
12,100
-4,900
-29% -$1.54M
2024 Q2
7 quarters
JPM icon
167
CALL
JPMorgan Chase
JPM
$890B
$3.41M 0.02%
11,600
+4,600
+66% +$1.4M
2025 Q1
4 quarters
SEM icon
168
DELISTED
Select Medical
SEM
$3.37M 0.02%
+206,810
New +$3.24M
2026 Q1
0 quarters
ASML icon
169
ASML
ASML
$634B
$3.35M 0.02%
+2,539
New +$3.48M
2026 Q1
0 quarters
XBI icon
170
State Street SPDR S&P Biotech ETF
XBI
$9.71B
$3.31M 0.02%
25,933
+18,609
+254% +$2.32M
2025 Q4
1 quarter
SO icon
171
PUT
Southern Company
SO
$103B
$3.23M 0.02%
33,500
+30,800
+1,141% +$2.85M
2025 Q1
4 quarters
LLY icon
172
Eli Lilly
LLY
$1.08T
$3.22M 0.02%
3,499
+3,146
+891% +$3.19M
2024 Q2
7 quarters
BIDU icon
173
PUT
Baidu
BIDU
$27.9B
$3.21M 0.02%
+28,800
New +$3.91M
2026 Q1
0 quarters
PLTR icon
174
Palantir
PLTR
$483B
$3.17M 0.02%
21,638
+19,344
+843% +$2.96M
2025 Q1
4 quarters
ADBE icon
175
PUT
Adobe
ADBE
$93.7B
$3.16M 0.02%
13,000
+12,100
+1,344% +$3.35M
2022 Q1
16 quarters
5 6
7
8 9

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Walleye Capital New York $28B AUM 44.22% 1-Year Est. Return
SSA
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UIM
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Jacobs Levy Equity Management
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EARNEST Partners
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CAM
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Fiera Capital (Canada)
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Los Angeles Capital Management
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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.