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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 54  ·  1,068 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 IWM ISHARES TR 91,315.0 $22.6M 0.16% NEW $248.00 +13.9%
42 CSGS CSG SYS INTL INC Technology 257,088.0 $20.6M 0.15% NEW $79.94 +0.9%
43 EVERGY INC 15,000.0 $20.3M 0.14% +5K +50.0% $1350.10
44 XLC PUT SELECT SECTOR SPDR TR 181,900.0 $20.2M 0.14% NEW $110.86 +4.7%
45 SNCY SUN CTRY AIRLS HLDGS INC Industrials 1,218,670.0 $20.1M 0.14% NEW $16.52 -2.1%
46 QQQ INVESCO QQQ TR Financial Services 33,752.0 $19.5M 0.14% -43K -55.9% $577.18 +23.8%
47 MSFT MICROSOFT CORP Technology 52,158.0 $19.3M 0.14% +48K +1283.1% $370.17 +13.2%
48 AMZN AMAZON COM INC Consumer Cyclical 91,529.0 $19.1M 0.14% +86K +1465.7% $208.27 +28.9%
49 EFA PUT ISHARES TR 195,300.0 $19.0M 0.14% NEW $97.13 +7.3%
50 TSLA TESLA INC Consumer Cyclical 49,824.0 $18.5M 0.13% -52K -51.2% $371.75 +12.2%
51 ALIBABA GROUP HLDG LTD 12,500.0 $17.4M 0.12% NEW $1388.10
52 TSM PUT TAIWAN SEMICONDUCTOR MANUFAC Technology 51,000.0 $17.2M 0.12% +24K +89.6% $337.95 +18.8%
53 PLTR PUT PALANTIR TECHNOLOGIES INC Technology 115,400.0 $16.9M 0.12% +47K +69.2% $146.28 -6.2%
54 KWEB PUT KRANESHARES TRUST 577,200.0 $16.4M 0.12% NEW $28.43 -2.8%
55 IGV CALL ISHARES TR 204,400.0 $16.4M 0.12% NEW $80.05 +15.5%
56 PDD PUT PDD HOLDINGS INC Consumer Cyclical 152,000.0 $15.5M 0.11% -26K -14.5% $102.18 -4.3%
57 KRE PUT SPDR SERIES TRUST 232,100.0 $15.1M 0.11% NEW $65.15 +6.2%
58 GOOG PUT ALPHABET INC Communication Services 51,300.0 $14.7M 0.10% -109K -67.9% $286.86 +33.7%
59 CTRA COTERRA ENERGY INC Energy 412,352.0 $14.5M 0.10% NEW $35.14 -7.3%
60 BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 114,546.0 $14.4M 0.10% -1.3M -92.1% $125.46 +4.8%
Page 3 of 54  ·  1,068 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%