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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 | |
|---|---|---|---|---|---|---|---|
176
CALL
VanEck Semiconductor ETF
SMH
$66.5B
| $4.92M | 0.02% |
7,500
-92,500
| -93% | -$50.5M |
2025 Q1
5 quarters
|
|
|
177
PUT
VanEck Semiconductor ETF
SMH
$66.5B
| $4.92M | 0.02% |
+7,500
| New | +$4.09M |
2026 Q2
0 quarters
|
|
178
Brown-Forman Class B
BF.B
$12.9B
| $4.88M | 0.02% |
+182,929
| New | +$4.93M |
2026 Q2
0 quarters
|
|
179
CALL
Marvell Technology
MRVL
$213B
| $4.83M | 0.02% |
16,200
| – | – |
2025 Q4
2 quarters
|
|
180
CALL
Novo Nordisk
NVO
$170B
| $4.79M | 0.02% |
+100,000
| New | +$4.3M |
2026 Q2
0 quarters
|
|
181
Under Armour
UAA
$2.04B
| $4.57M | 0.02% |
714,943
-34,697
| -5% | -$206K |
2026 Q1
1 quarter
|
|
182
Lennar Class A
LEN
$18B
| $4.52M | 0.02% |
49,910
+22,860
| +85% | +$2.04M |
2026 Q1
1 quarter
|
|
183
CALL
Brighthouse Financial
BHF
$2.74B
| $4.48M | 0.02% |
70,800
| – | – |
2026 Q1
1 quarter
|
|
184
James Hardie Industries
JHX
$14.8B
| $4.47M | 0.02% |
170,573
-178,958
| -51% | -$3.93M |
2026 Q1
1 quarter
|
|
185
Alphabet (Google) Class A
GOOGL
$4.21T
| $4.41M | 0.02% |
12,345
-18,446
| -60% | -$6.64M |
2020 Q3
23 quarters
|
|
186
Pfizer
PFE
$168B
| $4.1M | 0.01% |
170,245
+169,316
| +18,226% | +$4.43M |
2024 Q4
6 quarters
|
|
187
PUT
Sandisk
SNDK
$198B
| $4.09M | 0.01% |
1,800
+1,500
| +500% | +$2.14M |
2026 Q1
1 quarter
|
|
188
CALL
Goldman Sachs
GS
$255B
| $4.05M | 0.01% |
4,000
+1,600
| +67% | +$1.56M |
2025 Q1
5 quarters
|
|
189
PUT
Lam Research
LRCX
$341B
| $4.03M | 0.01% |
9,300
-32,000
| -77% | -$9.7M |
2024 Q4
6 quarters
|
|
190
Alnylam Pharmaceuticals
ALNY
$31.2B
| $3.97M | 0.01% |
13,203
+88
| +0.7% | +$26.5K |
2025 Q3
3 quarters
|
|
191
PUT
Eli Lilly
LLY
$1.11T
| $3.96M | 0.01% |
3,300
-7,200
| -69% | -$7.36M |
2024 Q2
8 quarters
|
|
192
CALL
Microsoft
MSFT
$3.96T
| $3.8M | 0.01% |
10,200
-14,700
| -59% | -$5.95M |
2025 Q1
5 quarters
|
|
193
CALL
Applied Materials
AMAT
$328B
| $3.69M | 0.01% |
5,100
+3,500
| +219% | +$1.61M |
2025 Q1
5 quarters
|
|
194
CALL
Intel
INTC
$486B
| $3.66M | 0.01% |
26,200
-37,000
| -59% | -$3.74M |
2025 Q1
5 quarters
|
|
195
CALL
Bilibili
BILI
$5.77B
| $3.63M | 0.01% |
213,200
+204,900
| +2,469% | +$4.15M |
2026 Q1
1 quarter
|
|
|
196
CALL
Lam Research
LRCX
$341B
| $3.6M | 0.01% |
8,300
+5,900
| +246% | +$1.79M |
2025 Q1
5 quarters
|
|
197
Cloudflare
NET
$106B
| $3.47M | 0.01% |
14,132
+606
| +4% | +$133K |
2025 Q3
3 quarters
|
|
198
CALL
iShares Bitcoin Trust
IBIT
$65.8B
| $3.33M | 0.01% |
+100,000
| New | +$4.07M |
2026 Q2
0 quarters
|
|
199
Bloom Energy
BE
$66.6B
| $3.21M | 0.01% |
+10,619
| New | +$2.72M |
2026 Q2
0 quarters
|
|
200
Amkor Technology
AMKR
$10.4B
| $3.17M | 0.01% |
+36,732
| New | +$2.62M |
2026 Q2
0 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.