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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 | |
|---|---|---|---|---|---|---|---|
176
PUT
Citigroup
C
$209B
| $3.13M | 0.02% |
27,600
+19,200
| +229% | +$2.19M |
2025 Q1
4 quarters
|
|
177
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.1B
| $3.12M | 0.02% |
+38,100
| New | +$3.21M |
2026 Q1
0 quarters
|
|
178
Oracle
ORCL
$434B
| $3.09M | 0.02% |
21,032
+17,827
| +556% | +$2.9M |
2025 Q3
2 quarters
|
|
179
Roku
ROKU
$22.7B
| $3.09M | 0.02% |
+32,690
| New | +$3.18M |
2026 Q1
0 quarters
|
|
180
JPMorgan Chase
JPM
$880B
| $3.06M | 0.02% |
10,401
+5,603
| +117% | +$1.7M |
2025 Q3
2 quarters
|
|
181
Applied Materials
AMAT
$368B
| $3.06M | 0.02% |
8,947
+8,033
| +879% | +$2.7M |
2023 Q1
12 quarters
|
|
182
AXIS Capital
AXS
$7.12B
| $3.01M | 0.02% |
+29,685
| New | +$3.05M |
2026 Q1
0 quarters
|
|
183
Constellation Energy
CEG
$105B
| $3M | 0.02% |
10,760
-239,240
| -96% | -$72.7M |
2025 Q3
2 quarters
|
|
184
PUT
Starbucks
SBUX
$105B
| $2.99M | 0.02% |
33,400
+30,900
| +1,236% | +$2.92M |
2024 Q3
6 quarters
|
|
185
CALL
Costco
COST
$423B
| $2.99M | 0.02% |
3,000
+2,000
| +200% | +$1.95M |
2025 Q1
4 quarters
|
|
186
Lam Research
LRCX
$377B
| $2.98M | 0.02% |
+13,964
| New | +$3.12M |
2026 Q1
0 quarters
|
|
187
PUT
Prologis
PLD
$127B
| $2.93M | 0.02% |
22,200
+13,700
| +161% | +$1.83M |
2025 Q1
4 quarters
|
|
188
Laureate Education
LAUR
$5.45B
| $2.85M | 0.02% |
+81,884
| New | +$2.8M |
2026 Q1
0 quarters
|
|
189
Advanced Micro Devices
AMD
$989B
| $2.82M | 0.02% |
+13,870
| New | +$2.96M |
2026 Q1
0 quarters
|
|
190
CALL
Chevron
CVX
$427B
| $2.81M | 0.02% |
13,600
-1,000
| -7% | -$182K |
2025 Q1
4 quarters
|
|
191
Cloudflare
NET
$124B
| $2.79M | 0.02% |
13,526
+6,662
| +97% | +$1.27M |
2025 Q3
2 quarters
|
|
192
CALL
Intel
INTC
$543B
| $2.79M | 0.02% |
63,200
-47,700
| -43% | -$2.19M |
2025 Q1
4 quarters
|
|
193
PUT
Parker-Hannifin
PH
$120B
| $2.78M | 0.02% |
3,100
+2,800
| +933% | +$2.65M |
2025 Q1
4 quarters
|
|
194
PUT
NextEra Energy
NEE
$163B
| $2.77M | 0.02% |
29,800
-4,500
| -13% | -$400K |
2024 Q3
6 quarters
|
|
195
PUT
DELISTED
Warner Bros
WBD
| $2.75M | 0.02% |
100,000
-1,154,400
| -92% | -$32.3M |
2025 Q4
1 quarter
|
|
196
HubSpot
HUBS
$11B
| $2.69M | 0.02% |
+11,027
| New | +$3.09M |
2026 Q1
0 quarters
|
|
197
PUT
LiveRamp
RAMP
$2.29B
| $2.69M | 0.02% |
+101,400
| New | +$2.66M |
2026 Q1
0 quarters
|
|
198
PUT
Kinder Morgan
KMI
$74.4B
| $2.65M | 0.02% |
79,100
+75,500
| +2,097% | +$2.36M |
2025 Q2
3 quarters
|
|
199
CALL
Palantir
PLTR
$501B
| $2.63M | 0.02% |
18,000
+13,300
| +283% | +$2.03M |
2025 Q1
4 quarters
|
|
200
PUT
JD.com
JD
$36.2B
| $2.63M | 0.02% |
88,800
-1,241,200
| -93% | -$35.1M |
2025 Q4
1 quarter
|
|
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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.