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
(-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
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 |
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 | |
|---|---|---|---|---|---|---|---|
201
Salesforce
CRM
$194B
| $2.62M | 0.02% |
14,055
+12,508
| +809% | +$2.59M |
2024 Q3
6 quarters
|
|
202
PUT
NetEase
NTES
$79.3B
| $2.6M | 0.02% |
+23,200
| New | +$2.88M |
2026 Q1
0 quarters
|
|
203
PUT
Corteva
CTVA
$8.9B
| $2.6M | 0.02% |
+31,000
| New | +$2.34M |
2026 Q1
0 quarters
|
|
204
DELISTED
Talkspace
TALK
| $2.59M | 0.02% |
+500,000
| New | +$2.21M |
2026 Q1
0 quarters
|
|
205
Rithm Capital
RITM
$4.67B
| $2.59M | 0.02% |
+272,699
| New | +$2.85M |
2026 Q1
0 quarters
|
|
206
Synopsys
SNPS
$91.9B
| $2.58M | 0.02% |
6,517
+6,465
| +12,433% | +$2.92M |
2025 Q3
2 quarters
|
|
207
Astera Labs
ALAB
$53B
| $2.58M | 0.02% |
23,571
+18,529
| +367% | +$2.64M |
2025 Q3
2 quarters
|
|
208
PUT
Eaton
ETN
$158B
| $2.58M | 0.02% |
7,200
+100
| +1% | +$35.6K |
2024 Q4
5 quarters
|
|
209
PUT
Royal Caribbean
RCL
$73.6B
| $2.56M | 0.02% |
9,300
+8,300
| +830% | +$2.47M |
2025 Q2
3 quarters
|
|
210
PUT
Moderna
MRNA
$89.7B
| $2.54M | 0.02% |
+50,000
| New | +$2.33M |
2026 Q1
0 quarters
|
|
211
Atlanta Braves Holdings Series B
BATRK
$3.24B
| $2.5M | 0.02% |
+58,641
| New | +$2.44M |
2026 Q1
0 quarters
|
|
212
Garrett Motion
GTX
$4.69B
| $2.49M | 0.02% |
+137,043
| New | +$2.56M |
2026 Q1
0 quarters
|
|
213
PUT
Union Pacific
UNP
$168B
| $2.47M | 0.02% |
10,200
+8,400
| +467% | +$2.06M |
2025 Q1
4 quarters
|
|
214
Liberty Global Class C
LBTYK
$2.76B
| $2.46M | 0.02% |
210,109
+167,080
| +388% | +$1.92M |
2025 Q3
2 quarters
|
|
215
PUT
Doximity
DOCS
$5.33B
| $2.46M | 0.02% |
+105,500
| New | +$3.29M |
2026 Q1
0 quarters
|
|
216
PUT
Goldman Sachs
GS
$253B
| $2.45M | 0.02% |
2,900
+1,500
| +107% | +$1.34M |
2024 Q3
6 quarters
|
|
217
KLA
KLAC
$232B
| $2.44M | 0.02% |
16,600
+14,340
| +635% | +$2.1M |
2025 Q3
2 quarters
|
|
218
Visa
V
$736B
| $2.41M | 0.02% |
7,969
+6,668
| +513% | +$2.14M |
2024 Q1
8 quarters
|
|
219
Zillow
Z
$6.21B
| $2.37M | 0.02% |
57,352
+54,211
| +1,726% | +$2.88M |
2025 Q3
2 quarters
|
|
220
Samsara
IOT
$23.8B
| $2.35M | 0.02% |
+74,267
| New | +$2.27M |
2026 Q1
0 quarters
|
|
221
Lennar Class A
LEN
$17.3B
| $2.35M | 0.02% |
+27,050
| New | +$2.92M |
2026 Q1
0 quarters
|
|
222
PUT
Waste Management
WM
$85.8B
| $2.34M | 0.02% |
10,200
+9,500
| +1,357% | +$2.18M |
2025 Q1
4 quarters
|
|
223
Lazard
LAZ
$3.36B
| $2.34M | 0.02% |
+55,093
| New | +$2.7M |
2026 Q1
0 quarters
|
|
224
Canadian Natural Resources
CNQ
$107B
| $2.34M | 0.02% |
+48,008
| New | +$1.97M |
2026 Q1
0 quarters
|
|
225
PUT
Williams Companies
WMB
$89.7B
| $2.34M | 0.02% |
32,100
+28,000
| +683% | +$1.94M |
2025 Q2
3 quarters
|
|
Similar funds
SSA
UIM
CAM
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.