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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 14  ·  279 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 QQQ CALL INVESCO QQQ TR Financial Services 212,600.0 $122.7M 0.87% -97K -31.4% $577.18 +23.8%
2 META PUT META PLATFORMS INC Communication Services 181,400.0 $103.8M 0.74% -67K -27.1% $572.13 +6.2%
3 TSLA PUT TESLA INC Consumer Cyclical 143,200.0 $53.2M 0.38% -46K -24.4% $371.75 +12.2%
4 AAPL PUT APPLE INC Technology 206,500.0 $52.4M 0.37% -370K -64.2% $253.79 +20.2%
5 EEM PUT ISHARES TR 875,500.0 $49.7M 0.35% -108K -10.9% $56.79 +16.3%
6 SPY CALL STATE STR SPDR S&P 500 ETF T Financial Services 64,400.0 $41.9M 0.30% -85K -56.8% $650.34 +14.2%
7 VOO VANGUARD INDEX FDS 64,495.0 $38.5M 0.27% -11.8M -99.5% $597.55 +14.3%
8 SMH CALL VANECK ETF TRUST 100,000.0 $38.3M 0.27% -98K -49.4% $383.40 +48.0%
9 WBD WARNER BROS DISCOVERY INC Communication Services 1,231,919.0 $33.8M 0.24% -365K -22.9% $27.46 -0.1%
10 GOOGL PUT ALPHABET INC Communication Services 109,100.0 $31.4M 0.22% -505K -82.2% $287.56 +34.8%
11 QQQ INVESCO QQQ TR Financial Services 33,752.0 $19.5M 0.14% -43K -55.9% $577.18 +23.8%
12 TSLA TESLA INC Consumer Cyclical 49,824.0 $18.5M 0.13% -52K -51.2% $371.75 +12.2%
13 PDD PUT PDD HOLDINGS INC Consumer Cyclical 152,000.0 $15.5M 0.11% -26K -14.5% $102.18 -4.3%
14 GOOG PUT ALPHABET INC Communication Services 51,300.0 $14.7M 0.10% -109K -67.9% $286.86 +33.7%
15 BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 114,546.0 $14.4M 0.10% -1.3M -92.1% $125.46 +4.8%
16 AAPL APPLE INC Technology 50,323.0 $12.8M 0.09% -259K -83.8% $253.79 +20.2%
17 KRE CALL SPDR SERIES TRUST 150,000.0 $9.8M 0.07% -650K -81.2% $65.15 +6.2%
18 NVDA CALL NVIDIA CORPORATION Technology 55,500.0 $9.7M 0.07% -6K -9.8% $174.40 +25.9%
19 BABA PUT ALIBABA GROUP HLDG LTD Consumer Cyclical 72,000.0 $9.0M 0.06% -1.9M -96.3% $125.46 +4.8%
20 GOOGL ALPHABET INC Communication Services 30,791.0 $8.9M 0.06% -375K -92.4% $287.56 +34.8%
Page 1 of 14  ·  279 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%