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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 3 of 14  ·  279 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 BAC PUT BANK AMERICA CORP Financial Services 75,600.0 $3.7M 0.03% -55K -41.9% $48.75 +5.6%
42 AMZN CALL AMAZON COM INC Consumer Cyclical 17,600.0 $3.7M 0.03% -2K -7.8% $208.27 +28.9%
43 APP PUT APPLOVIN CORP Technology 9,200.0 $3.7M 0.03% -81K -89.8% $398.00 +22.1%
44 SLV PUT ISHARES SILVER TR Financial Services 53,400.0 $3.6M 0.03% -1.5M -96.6% $68.14 +1.9%
45 GE PUT GE AEROSPACE Industrials 12,100.0 $3.4M 0.02% -5K -28.8% $283.77 +6.3%
46 CEG CONSTELLATION ENERGY CORP Utilities 10,760.0 $3.0M 0.02% -239K -95.7% $279.25 +2.4%
47 CVX CALL CHEVRON CORPORATION Energy 13,600.0 $2.8M 0.02% -1K -6.8% $206.90 -7.7%
48 INTC CALL INTEL CORP Technology 63,200.0 $2.8M 0.02% -48K -43.0% $44.13 +168.5%
49 NEE PUT NEXTERA ENERGY INC Utilities 29,800.0 $2.8M 0.02% -4K -13.1% $92.88 -3.4%
50 WBD PUT WARNER BROS DISCOVERY INC Communication Services 100,000.0 $2.7M 0.02% -1.2M -92.0% $27.46 -0.1%
51 JD PUT JD.COM INC Consumer Cyclical 88,800.0 $2.6M 0.02% -1.2M -93.3% $29.57 +6.4%
52 AMD CALL ADVANCED MICRO DEVICES INC Technology 11,200.0 $2.3M 0.02% -18K -61.1% $203.43 +121.0%
53 PUT BERKSHIRE HATHAWAY INC DEL 4,400.0 $2.1M 0.01% -96K -95.6% $479.20
54 DELL PUT DELL TECHNOLOGIES INC Technology 12,500.0 $2.1M 0.01% -683K -98.2% $164.13 +54.1%
55 QCOM QUALCOMM INC Technology 15,733.0 $2.0M 0.01% -634K -97.6% $128.78 +57.3%
56 DELL CALL DELL TECHNOLOGIES INC Technology 11,800.0 $1.9M 0.01% -10K -45.6% $164.13 +54.1%
57 BROOKFIELD ASSET MANAGMT LTD 37,800.0 $1.9M 0.01% -53K -58.4% $50.15
58 MS CALL MORGAN STANLEY Financial Services 11,300.0 $1.9M 0.01% -9K -43.8% $164.57 +21.8%
59 PDD PDD HOLDINGS INC Consumer Cyclical 17,584.0 $1.8M 0.01% -17K -49.0% $102.18 -4.3%
60 MSTR PUT STRATEGY INC Technology 13,700.0 $1.7M 0.01% -113K -89.2% $124.80 +32.1%
Page 3 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%