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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 5 of 14  ·  279 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 AFRM AFFIRM HLDGS INC Technology 22,768.0 $1.0M 0.01% -10K -30.0% $45.82 +46.6%
82 APP APPLOVIN CORP Technology 2,454.0 $977K 0.01% -88K -97.3% $398.00 +22.1%
83 CAT CATERPILLAR INC Industrials 1,362.0 $965K 0.01% -169K -99.2% $708.46 +22.2%
84 PEP PUT PEPSICO INC Consumer Defensive 5,600.0 $870K 0.01% -500.0 -8.2% $155.29 -4.1%
85 GDX VANECK ETF TRUST 9,196.0 $844K 0.01% -10K -51.0% $91.77 -6.2%
86 IWN ISHARES TR 4,269.0 $809K 0.01% -611.0 -12.5% $189.59 +10.7%
87 BERKSHIRE HATHAWAY INC DEL 1,636.0 $784K 0.01% -98K -98.4% $479.20
88 XOM CALL EXXON MOBIL CORP Energy 4,600.0 $780K 0.01% -6K -57.4% $169.66 -7.9%
89 IBM PUT INTERNATIONAL BUSINESS MACHS Technology 3,200.0 $776K 0.01% -681K -99.5% $242.39 +4.4%
90 NEE CALL NEXTERA ENERGY INC Utilities 8,300.0 $771K 0.01% -21K -71.4% $92.88 -3.4%
91 AMGN PUT AMGEN INC Healthcare 2,100.0 $739K 0.01% -114K -98.2% $351.85 -4.1%
92 PANW PALO ALTO NETWORKS INC Technology 4,487.0 $719K 0.01% -3K -43.5% $160.32 +57.8%
93 ASX ASE TECHNOLOGY HLDG CO LTD Technology 33,160.0 $719K 0.01% -11K -24.9% $21.68 +50.6%
94 CAT CALL CATERPILLAR INC Industrials 1,000.0 $708K 0.01% -300.0 -23.1% $708.46 +22.2%
95 V CALL VISA INC Financial Services 2,300.0 $695K 0.01% -2K -45.2% $302.24 +9.4%
96 CNA CNA FINL CORP Financial Services 15,029.0 $690K 0.01% -41K -73.4% $45.92 -3.5%
97 PG CALL PROCTER & GAMBLE CO Consumer Defensive 4,500.0 $650K 0.01% -1K -23.7% $144.44 -1.4%
98 JD JD.COM INC Consumer Cyclical 21,290.0 $630K 0.00% -1.3M -98.4% $29.57 +6.4%
99 HON PUT HONEYWELL INTL INC Industrials 2,600.0 $588K 0.00% -4K -61.8% $226.03 -1.0%
100 PFSI PENNYMAC FINL SVCS INC NEW Financial Services 6,602.0 $577K 0.00% -1K -18.2% $87.40 -0.4%
Page 5 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%