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Portfolio (Quarterly) Guide ↗

Capula Management Ltd

· CIK 0001557017
13F Portfolio $14.1B AUM 1,256 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 423 New 312 Added 279 Reduced 165 Exited
Page 1 of 16  ·  312 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 IVV ISHARES TR 9,094,984.0 $5.94B 42.25% +8.5M +1374.6% $653.21 +14.2%
2 SPY STATE STR SPDR S&P 500 ETF T Financial Services 6,159,222.0 $4.01B 28.49% +497K +8.8% $650.34 +14.2%
3 TSLA CALL TESLA INC Consumer Cyclical 705,800.0 $262.4M 1.87% +698K +9186.8% $371.75 +12.2%
4 QQQ PUT INVESCO QQQ TR Financial Services 370,800.0 $214.0M 1.52% +273K +278.4% $577.18 +23.8%
5 NVDA PUT NVIDIA CORPORATION Technology 1,182,800.0 $206.3M 1.47% +562K +90.5% $174.40 +25.9%
6 SPY PUT STATE STR SPDR S&P 500 ETF T Financial Services 133,500.0 $86.8M 0.62% +24K +21.9% $650.34 +14.2%
7 FXI PUT ISHARES TR 2,006,200.0 $72.0M 0.51% +1.7M +473.2% $35.90 -0.1%
8 CWAN CLEARWATER ANALYTICS HLDGS I Technology 2,677,322.0 $63.3M 0.45% +2.6M +2052.9% $23.65 +3.0%
9 NVDA NVIDIA CORPORATION Technology 336,778.0 $58.7M 0.42% +94K +38.9% $174.40 +25.9%
10 AMZN PUT AMAZON COM INC Consumer Cyclical 252,400.0 $52.6M 0.37% +113K +81.5% $208.27 +28.9%
11 FOLD AMICUS THERAPEUTIC Healthcare 3,191,610.0 $46.2M 0.33% +3.2M +10000.0% $14.46 +0.2%
12 MSFT PUT MICROSOFT CORP Technology 119,100.0 $44.1M 0.31% +3K +2.4% $370.17 +13.2%
13 LBRDK LIBERTY BROADBAND CORP Communication Services 838,294.0 $42.2M 0.30% +698K +498.2% $50.30 -30.7%
14 NSC NORFOLK SOUTHN CORP Industrials 144,749.0 $41.5M 0.29% +95K +189.5% $287.00 +8.5%
15 KVUE KENVUE INC Consumer Defensive 2,247,472.0 $38.7M 0.28% +1.3M +137.7% $17.24 +1.3%
16 SEALED AIR CORP NEW 918,694.0 $38.6M 0.28% +352K +62.2% $42.05
17 FXI ISHARES TR 1,044,191.0 $37.5M 0.27% +662K +173.3% $35.90 -0.1%
18 HOLOGIC INC 465,126.0 $35.2M 0.25% +269K +137.1% $75.59
19 AES AES CORP Utilities 2,474,180.0 $34.9M 0.25% +2.5M +10000.0% $14.09 +4.3%
20 AVGO PUT BROADCOM INC Technology 102,300.0 $31.7M 0.23% +25K +32.2% $309.51 +33.9%
Page 1 of 16  ·  312 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 80.1%
Technology 5.9%
Communication Services 2.9%
Healthcare 2.8%
Industrials 2.6%
Consumer Cyclical 2.2%
Utilities 1.1%
Consumer Defensive 1.0%
Energy 0.6%
Real Estate 0.3%