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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 10 of 14  ·  279 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 PDD CALL PDD HOLDINGS INC Consumer Cyclical 2,000.0 $204K 0.00% -25K -92.7% $102.18 -4.3%
182 COP CALL CONOCOPHILLIPS Energy 1,500.0 $198K 0.00% -2K -53.1% $132.00 -8.7%
183 SBUX CALL STARBUCKS CORP Consumer Cyclical 2,200.0 $197K 0.00% -700.0 -24.1% $89.59 +18.9%
184 ADBE CALL ADOBE INC Technology 800.0 $194K 0.00% -300.0 -27.3% $243.08 +0.4%
185 ICE CALL INTERCONTINENTAL EXCHANGE IN Financial Services 1,200.0 $189K 0.00% -200.0 -14.3% $157.28 -3.7%
186 F FORD MTR CO Consumer Cyclical 16,265.0 $188K 0.00% -80K -83.0% $11.54 +18.5%
187 LMT CALL LOCKHEED MARTIN CORP Industrials 300.0 $181K 0.00% -300.0 -50.0% $604.39 -13.5%
188 HON CALL HONEYWELL INTL INC Industrials 800.0 $181K 0.00% -1K -55.6% $226.03 -1.0%
189 MRK CALL MERCK & CO INC Healthcare 1,500.0 $180K 0.00% -2K -55.9% $120.29 -3.7%
190 PGR PUT PROGRESSIVE CORP Financial Services 900.0 $178K 0.00% -1K -57.1% $198.24 +2.2%
191 WMB CALL WILLIAMS COS INC Energy 2,400.0 $175K 0.00% -600.0 -20.0% $72.78 +7.0%
192 AMT CALL AMERICAN TOWER CORP Real Estate 1,000.0 $173K 0.00% -10K -91.1% $172.58 +6.5%
193 BX CALL BLACKSTONE INC Financial Services 1,500.0 $172K 0.00% -500.0 -25.0% $114.99 +3.1%
194 ADSK PUT AUTODESK INC Technology 700.0 $168K 0.00% -2K -72.0% $239.40 +0.3%
195 CDNS CALL CADENCE DESIGN SYSTEM INC Technology 600.0 $167K 0.00% -6K -91.2% $277.87 +29.0%
196 TT CALL TRANE TECHNOLOGIES PLC Industrials 400.0 $167K 0.00% -200.0 -33.3% $416.74 +8.4%
197 PWR CALL QUANTA SVCS INC Industrials 300.0 $165K 0.00% -100.0 -25.0% $549.02 +29.3%
198 FCX CALL FREEPORT MCMORAN INC Basic Materials 2,800.0 $165K 0.00% -21K -88.1% $58.78 +6.0%
199 ADP CALL AUTOMATIC DATA PROCESSING IN Industrials 800.0 $163K 0.00% -200.0 -20.0% $203.18 +8.3%
200 PSA PUT PUBLIC STORAGE OPER CO Real Estate 600.0 $163K 0.00% -2K -80.0% $270.88 +11.8%
Page 10 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%