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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 6 of 16  ·  312 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 CMI PUT CUMMINS INC Industrials 4,200.0 $2.3M 0.02% +4K +600.0% $538.02 +18.7%
102 TXN TEXAS INSTRS INC Technology 11,398.0 $2.2M 0.02% +10K +584.6% $194.14 +57.0%
103 NXPI PUT NXP SEMICONDUCTORS N V Technology 11,200.0 $2.2M 0.02% +10K +918.2% $196.86 +52.1%
104 FCX PUT FREEPORT MCMORAN INC Basic Materials 37,200.0 $2.2M 0.02% +12K +44.8% $58.78 +6.0%
105 SCHW PUT SCHWAB CHARLES CORP Financial Services 22,900.0 $2.2M 0.01% +16K +236.8% $93.98 -4.1%
106 COST COSTCO WHOLESALE CORPORATION Consumer Defensive 2,101.0 $2.1M 0.01% +325.0 +18.3% $996.43 +5.4%
107 MCD MCDONALDS CORP Consumer Cyclical 6,722.0 $2.1M 0.01% +6K +542.0% $310.79 -8.6%
108 GS CALL GOLDMAN SACHS GROUP INC Financial Services 2,400.0 $2.0M 0.01% +2K +500.0% $845.99 +16.8%
109 MA MASTERCARD INCORPORATED Financial Services 3,978.0 $2.0M 0.01% +4K +1253.1% $499.66 -0.0%
110 XLV SELECT SECTOR SPDR TR 13,489.0 $2.0M 0.01% +3K +22.8% $146.61 +1.1%
111 FSLR CALL FIRST SOLAR INC Energy 10,000.0 $2.0M 0.01% +9K +900.0% $197.26 +26.2%
112 FSLR PUT FIRST SOLAR INC Energy 10,000.0 $2.0M 0.01% +9K +900.0% $197.26 +26.2%
113 LYFT LYFT INC Technology 147,053.0 $2.0M 0.01% +141K +2268.8% $13.30 +1.4%
114 WMT CALL WALMART INC Consumer Defensive 15,700.0 $2.0M 0.01% +5K +48.1% $124.28 +5.3%
115 NOW PUT SERVICENOW INC Technology 17,700.0 $1.9M 0.01% +15K +608.0% $104.55 -4.6%
116 T PUT AT&T INC Communication Services 59,400.0 $1.7M 0.01% +30K +105.5% $28.99 -14.0%
117 MS PUT MORGAN STANLEY Financial Services 10,400.0 $1.7M 0.01% +5K +82.5% $164.57 +21.8%
118 PUT FORTINET INC 20,500.0 $1.7M 0.01% +19K +1608.3% $81.72
119 UNH PUT UNITEDHEALTH GROUP INC Healthcare 6,100.0 $1.7M 0.01% +4K +258.8% $270.59 +41.7%
120 CSCO CISCO SYS INC Technology 21,064.0 $1.6M 0.01% +21K +10000.0% $77.59 +52.3%
Page 6 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%