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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q2 2021

Holdings as of Jun 30, 2021, filed Aug 13, 2021. Long positions only; changes compare share counts with Q1 2021.

Institution overview
Positions
434
+274 vs. Q1 2021
Portfolio value
$549.4M
+$70.0M (+14.6%) vs. Q1 2021
Filed
Aug 13, 2021
SEC
Holdings of Capula Management Ltd in Q2 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
SPYSPDR S&P 500 ETF TrustETF198,012$84.8M15.4%−120,795−37.9%ReducedHistory
Invesco QQQ Trust Series I46090E103ETF171,772$60.9M11.1%+101,839+145.6%Added–
CVSCVS Health CorpStock148,026$12.3M2.2%+143,859+3,452.3%AddedHistory
VZVerizon Communications IncStock220,328$12.2M2.2%+211,941+2,527.0%AddedHistory
BHCBausch Health Companies Inc.Stock399,904$11.7M2.1%+399,904NewHistory
INTCIntel CorpStock203,157$11.3M2.1%+200,297+7,003.4%AddedHistory
AMZNAmazon Com IncStock2,917$10.0M1.8%−6,875−70.2%ReducedHistory
iShares Inc464286772MSCI STH KOR ETF100,000$9.32M1.7%+100,000New–
JPMJPMorgan Chase & CoStock59,534$9.21M1.7%+37,375+168.7%AddedHistory
MSFTMicrosoft CorpStock28,033$7.59M1.4%−12,901−31.5%ReducedHistory
AVGOBroadcom Inc.Stock14,778$7.05M1.3%+4,158+39.2%AddedHistory
NOCNorthrop Grumman CorpStock19,310$7.02M1.3%+18,234+1,694.6%AddedHistory
AAPLApple Inc.Stock43,791$6.00M1.1%−327,228−88.2%ReducedHistory
ITWIllinois Tool Works IncStock25,727$5.75M1.0%+25,727NewHistory
XOMExxonMobil Holdings CorpCOM87,168$5.50M1.0%−24,198−21.7%ReducedHistory
CSXCSX CorpStock168,909$5.42M1.0%+168,909NewHistory
CVXChevron CorpStock49,420$5.18M0.9%+26,302+113.8%AddedHistory
BACBank of America CorpStock123,341$5.09M0.9%+39,088+46.4%AddedHistory
ADBEAdobe Inc.Stock8,667$5.08M0.9%−4,509−34.2%ReducedHistory
DDDuPont de Nemours, Inc.COM64,642$4.98M0.9%+64,642NewHistory
DISWalt Disney CoStock28,039$4.93M0.9%−264−0.9%ReducedHistory
CNCCentene CorpStock66,563$4.85M0.9%+66,563NewHistory
AMATApplied Materials IncStock31,092$4.43M0.8%−10,658−25.5%ReducedHistory
PNCPNC Financial Services Group, Inc.Stock23,085$4.37M0.8%+1,873+8.8%AddedHistory
METMetlife IncStock65,658$3.93M0.7%−57,030−46.5%ReducedHistory
QCOMQualcomm IncStock26,443$3.78M0.7%−46,169−63.6%ReducedHistory
TXNTexas Instruments IncStock19,546$3.74M0.7%−4,090−17.3%ReducedHistory
TAT&T Inc.Stock131,503$3.72M0.7%+105,506+405.8%AddedHistory
GOOGLAlphabet Inc.Stock1,485$3.63M0.7%−2,709−64.6%ReducedHistory
MCDMcDonalds CorpStock15,025$3.47M0.6%+10,235+213.7%AddedHistory
PYPLPayPal Holdings, Inc.Stock10,808$3.15M0.6%−8,343−43.6%ReducedHistory
COSTCostco Wholesale CorpStock7,820$3.09M0.6%+7,820NewHistory
KMIKinder Morgan, Inc.Stock171,143$3.07M0.6%+171,143NewHistory
MMM3M CoStock14,317$2.84M0.5%+11,532+414.1%AddedHistory
MDTMedtronic plcStock21,404$2.66M0.5%+18,970+779.4%AddedHistory
WFCWells Fargo & CompanyStock58,084$2.62M0.5%+58,084NewHistory
VVisa Inc.Stock11,178$2.61M0.5%+6,663+147.6%AddedHistory
PEPPepsiCo IncStock17,068$2.53M0.5%+17,068NewHistory
METAMeta Platforms, Inc.Stock7,163$2.49M0.5%−6,280−46.7%ReducedHistory
MAMastercard IncStock6,700$2.44M0.4%+4,702+235.3%AddedHistory
RTXRTX CorpStock27,087$2.31M0.4%+19,785+271.0%AddedHistory
HONHoneywell International IncCOM10,436$2.29M0.4%+8,257+378.9%AddedHistory
GSGoldman Sachs Group IncStock5,878$2.23M0.4%+5,878NewHistory
GPNGlobal Payments IncStock11,851$2.22M0.4%+6,111+106.5%AddedHistory
CATCaterpillar IncStock10,069$2.18M0.4%+10,069NewHistory
GMGeneral Motors CoCOM36,700$2.17M0.4%+36,700NewHistory
PFEPfizer IncStock55,661$2.16M0.4%+44,593+402.9%AddedHistory
WMTWalmart Inc.Stock14,651$2.07M0.4%−45,499−75.6%ReducedHistory
UNPUnion Pacific CorpStock9,054$1.99M0.4%+5,194+134.6%AddedHistory
BABAAlibaba Group Holding LtdADR8,566$1.94M0.4%+8,566NewHistory
GDRXGoodRx Holdings, Inc.COM CL A53,827$1.94M0.4%+20,596+62.0%AddedHistory
CCitigroup IncStock27,209$1.91M0.3%+26,352+3,074.9%AddedHistory
WDAYWorkday, Inc.CL A7,806$1.86M0.3%+7,806NewHistory
CRMSalesforce, Inc.Stock7,614$1.86M0.3%−18,979−71.4%ReducedHistory
UNHUnitedHealth Group IncStock4,509$1.80M0.3%+2,737+154.5%AddedHistory
ELVElevance Health, Inc.Stock4,644$1.77M0.3%+3,562+329.2%AddedHistory
LUVSouthwest Airlines CoCOM33,335$1.77M0.3%+29,645+803.4%AddedHistory
TSLATesla, Inc.Stock2,496$1.70M0.3%−1,473−37.1%ReducedHistory
CMGChipotle Mexican Grill IncCOM1,093$1.70M0.3%−563−34.0%ReducedHistory
DLRDigital Realty Trust, Inc.COM11,249$1.69M0.3%−6,640−37.1%ReducedHistory
FFIVF5, Inc.Stock8,977$1.68M0.3%+8,977NewHistory
TRVTravelers Companies, Inc.Stock10,437$1.56M0.3%+10,437NewHistory
BABoeing CoStock6,382$1.53M0.3%+6,382NewHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF41,472$1.52M0.3%−279,140−87.1%Reduced–
SWKSSkyworks Solutions, Inc.Stock7,836$1.50M0.3%+7,836NewHistory
KOCoca Cola CoStock27,626$1.50M0.3%+22,158+405.2%AddedHistory
MUMicron Technology IncStock17,135$1.46M0.3%−117−0.7%ReducedHistory
CMCSAComcast CorpStock24,824$1.41M0.3%+2,498+11.2%AddedHistory
SVXYProShares Trust IISHT VIX ST TRM25,311$1.41M0.3%+25,311NewHistory
DHIHorton D R IncCOM15,226$1.38M0.3%+15,226NewHistory
CHRWC. H. Robinson Worldwide, Inc.COM NEW14,632$1.37M0.2%+14,632NewHistory
NEENextera Energy IncStock18,441$1.35M0.2%+11,788+177.2%AddedHistory
KNXKnight-Swift Transportation Holdings Inc.CL A28,620$1.30M0.2%+28,620NewHistory
JBHTHunt J B Transport Services IncCOM7,861$1.28M0.2%+7,861NewHistory
BMYBristol Myers Squibb CoStock17,264$1.15M0.2%+13,846+405.1%AddedHistory
FISFidelity National Information Services, Inc.Stock7,987$1.13M0.2%+7,987NewHistory
CTXSCitrix Systems IncCOM9,340$1.10M0.2%+9,340NewHistory
MFCManulife Financial CorpCOM53,995$1.06M0.2%+53,995NewHistory
ABBVAbbVie Inc.Stock9,163$1.02M0.2%+7,387+415.9%AddedHistory
ACNAccenture plcStock3,457$1.02M0.2%+2,592+299.7%AddedHistory
KMBKimberly Clark CorpStock7,558$1.01M0.2%+7,558NewHistory
MSMorgan StanleyStock10,549$960.0K0.2%+10,549NewHistory
JNJJohnson & JohnsonStock5,747$947.0K0.2%−6,887−54.5%ReducedHistory
TMUST-Mobile US, Inc.Stock6,523$945.0K0.2%+6,523NewHistory
HCAHCA Healthcare, Inc.COM4,496$930.0K0.2%+4,496NewHistory
PLCEChildrens Place, Inc.COM9,885$920.0K0.2%+9,885NewHistory
CMICummins IncStock3,705$903.0K0.2%+3,705NewHistory
MTDMettler Toledo International IncCOM651$902.0K0.2%+651NewHistory
TNDMTandem Diabetes Care IncCOM NEW9,226$899.0K0.2%+9,226NewHistory
NFLXNetflix IncStock1,696$896.0K0.2%−10,151−85.7%ReducedHistory
CLXClorox CoStock4,952$886.0K0.2%+4,952NewHistory
LRCXLam Research CorpCOM1,360$885.0K0.2%+1,360NewHistory
WUWestern Union COStock37,256$856.0K0.2%+37,256NewHistory
ADIAnalog Devices IncStock4,950$852.0K0.2%+4,860+5,400.0%AddedHistory
PGProcter & Gamble CoStock6,343$851.0K0.2%+6,343NewHistory
EAElectronic Arts Inc.COM5,855$842.0K0.2%+5,855NewHistory
QRVOQorvo, Inc.Stock4,250$832.0K0.2%+4,250NewHistory
ADSKAutodesk, Inc.COM2,780$811.0K0.1%+1,622+140.1%AddedHistory
VLOValero Energy CorpStock10,406$801.0K0.1%+10,406NewHistory
NVDANVIDIA CorpStock3,993$799.0K0.1%−28,281−87.6%ReducedHistory

Options (211)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

The largest 100 of 211 by value.

Option positions of Capula Management Ltd in Q2 2021
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$529.7M$253.5M
AAPLApple Inc.Stock$294.8M$31.5M
AMZNAmazon Com IncStock$300.7M$8.60M
State Street Financial Select Sector SPDR ETF81369Y605ETF$110.1M$115.6M
LMTLockheed Martin CorpStock$22.8M$174.8M
METAMeta Platforms, Inc.Stock$176.0M–
NFLXNetflix IncStock$148.7M$23.0M
JPMJPMorgan Chase & CoStock$138.2M$6.70M
MSFTMicrosoft CorpStock$98.0M$44.7M
AMGNAmgen IncStock$2.66M$136.5M
Invesco QQQ Trust Series I46090E103ETF$26.6M$106.3M
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF$6.69M$105.8M
BABAAlibaba Group Holding LtdADR$85.9M–
IPInternational Paper CoCOM$36.8M$38.6M
MSMorgan StanleyStock$19.4M$54.7M
NVDANVIDIA CorpStock$70.5M–
CVSCVS Health CorpStock$41.4M$18.7M
QCOMQualcomm IncStock$47.9M$12.1M
BACBank of America CorpStock$51.5M$4.74M
iShares Tr464287739U.S. REAL ES ETF$49.5M–
GOOGLAlphabet Inc.Stock$36.1M$11.0M
TDGTransDigm Group INCCOM$45.3M–
EMREmerson Electric CoStock$23.6M$20.2M
iShares Tr464288513IBOXX HI YD ETF$43.7M–
WFCWells Fargo & CompanyStock$26.4M$16.0M
State Street Energy Select Sector SPDR ETF81369Y506ETF$6.73M$35.1M
UNPUnion Pacific CorpStock$22.0M$19.0M
MCDMcDonalds CorpStock$26.7M$14.2M
UNHUnitedHealth Group IncStock$22.7M$17.9M
iShares MSCI Eafe ETF464287465ETF–$39.4M
MMM3M CoStock$24.8M$14.3M
CSXCSX CorpStock$20.5M$18.5M
CSCOCisco Systems, Inc.Stock$19.8M$18.4M
BHCBausch Health Companies Inc.Stock$17.6M$20.5M
NSCNorfolk Southern CorpStock$23.8M$13.7M
XOMExxonMobil Holdings CorpCOM$24.4M$12.8M
LOWLowes Companies IncStock$25.7M$11.3M
IBMInternational Business Machines CorpStock$16.9M$19.6M
AMDAdvanced Micro Devices IncStock$24.3M$11.5M
VVisa Inc.Stock$22.0M$13.3M
CVXChevron CorpStock$20.3M$14.3M
INTCIntel CorpStock$26.1M$7.69M
HONHoneywell International IncCOM$22.5M$10.2M
WMTWalmart Inc.Stock$18.5M$13.6M
TSLATesla, Inc.Stock$13.1M$17.3M
DOVDOVER CorpCOM$13.4M$16.6M
DISWalt Disney CoStock$21.5M$7.91M
NOCNorthrop Grumman CorpStock$23.6M$5.45M
ITWIllinois Tool Works IncStock$20.1M$8.88M
JNJJohnson & JohnsonStock$9.59M$18.9M
HDHome Depot, Inc.Stock$22.6M$4.78M
VZVerizon Communications IncStock$22.4M$4.78M
AVGOBroadcom Inc.Stock$24.3M$2.38M
MUMicron Technology IncStock$18.1M$7.28M
PYPLPayPal Holdings, Inc.Stock$24.1M–
HUMHumana IncStock$15.1M$8.85M
BJBJ's Wholesale Club Holdings, Inc.COM$23.8M–
AMATApplied Materials IncStock$23.3M–
ADBEAdobe Inc.Stock$17.2M$5.86M
iShares Russell 2000 ETF464287655ETF$11.5M$11.5M
LULUlululemon athletica inc.Stock$15.3M$7.30M
DXCMDexcom IncCOM–$21.4M
CVNACarvana Co.CL A–$21.1M
TAT&T Inc.Stock$10.9M$10.0M
TGTTarget CorpStock$13.0M$6.46M
AEOAmerican Eagle Outfitters IncCOM$18.7M–
AXPAmerican Express CoStock$8.04M$9.99M
GSGoldman Sachs Group IncStock$6.87M$10.2M
UPSUnited Parcel Service IncStock$9.36M$7.28M
DOCUDocuSign, Inc.Stock$12.9M$2.80M
METMetlife IncStock$14.6M$593.0K
ETNEaton Corp plcStock$7.41M$7.41M
CNCCentene CorpStock$14.6M–
LESLLeslie's, Inc.COM$11.0M$3.44M
GMGeneral Motors CoCOM$9.42M$4.57M
EBAYeBay IncCOM$12.3M$1.59M
TXNTexas Instruments IncStock$13.4M–
WUWestern Union COStock$7.24M$6.12M
VXXBarclays Bank PLCETF$11.8M$1.40M
CMGChipotle Mexican Grill IncCOM$11.6M$1.55M
ALLAllstate CorpStock$5.24M$7.53M
SWCHSwitch, Inc.CL A–$12.7M
NKENIKE, Inc.Stock$6.29M$6.18M
PNCPNC Financial Services Group, Inc.Stock$11.4M–
CCitigroup IncStock$7.96M$3.43M
DLRDigital Realty Trust, Inc.COM$8.80M$2.51M
SNPSSynopsys IncCOM$1.21M$10.0M
iShares Tr464288281JPMORGAN USD EMG$11.2M–
SBUXStarbucks CorpStock$6.08M$4.53M
DDDuPont de Nemours, Inc.COM$7.66M$2.70M
GDGeneral Dynamics CorpStock$5.61M$4.68M
HESHess CorpStock$5.46M$4.72M
AKAMAkamai Technologies IncCOM$5.26M$4.85M
ALLYAlly Financial Inc.Stock–$9.11M
MRKMerck & Co., Inc.Stock$7.08M$1.94M
CRMSalesforce, Inc.Stock$8.38M$562.0K
CLColgate Palmolive CoStock$1.72M$6.98M
PVHPVH Corp.COM$8.61M–
STZConstellation Brands, Inc.Stock$3.30M$5.26M
COSTCostco Wholesale CorpStock$8.25M–

Sold out since Q1 2021 (64)

Positions held at the end of Q1 2021 that are gone from this filing.

Positions of Capula Management Ltd sold out since Q1 2021
SecurityClassShares in Q1 2021Value in Q1 2021% of portfolio in Q1 2021History
CVNACarvana Co.CL A20,725$5.44M1.1%History
DGDollar General CorpCOM24,905$5.04M1.1%History
REGNRegeneron Pharmaceuticals, Inc.COM9,286$4.39M0.9%History
THOThor Industries IncCOM30,716$4.14M0.9%History
State Street Industrial Select Sector SPDR ETF81369Y704ETF35,620$3.51M0.7%–
TAKTakeda Pharmaceutical Co LtdADR190,742$3.48M0.7%History
iShares Tr464288513IBOXX HI YD ETF37,616$3.27M0.7%–
PLTRPalantir Technologies Inc.Stock101,875$2.37M0.5%History
State Street Energy Select Sector SPDR ETF81369Y506ETF39,528$1.94M0.4%–
USBUS Bancorp DECOM NEW30,907$1.71M0.4%History
MRVLMarvell Technology, Inc.ORD30,000$1.47M0.3%History
STLAStellantis N.V.SHS80,000$1.21M0.3%History
VRTXVertex Pharmaceuticals IncStock5,547$1.19M0.2%History
MPMP Materials Corp.COM CL A32,824$1.18M0.2%History
FCXFreeport-McMoran IncStock30,000$988.0K0.2%History
State Street Utilities Select Sector SPDR ETF81369Y886ETF13,471$863.0K0.2%–
VanEck ETF Trust92189F106GOLD MINERS ETF24,495$796.0K0.2%–
IBMInternational Business Machines CorpStock5,633$751.0K0.2%History
GILDGilead Sciences, Inc.Stock11,576$748.0K0.2%History
AZOAutoZone IncCOM520$730.0K0.2%History
LOGCContextLogic Inc.COM CL A42,408$670.0K0.1%History
MOAltria Group, Inc.Stock12,163$622.0K0.1%History
VRSKVerisk Analytics, Inc.COM3,180$562.0K0.1%History
ICLRIcon PLCCOM2,800$550.0K0.1%History
DHRDanaher CorpStock2,425$546.0K0.1%History
BXBlackstone Inc.COM6,694$499.0K0.1%History
LITELumentum Holdings Inc.COM5,000$457.0K0.1%History
SNOWSnowflake Inc.Stock1,962$450.0K0.1%History
DASHDoorDash, Inc.Stock3,300$433.0K0.1%History
HEHawaiian Electric Industries IncCOM9,222$410.0K0.1%History
XELXcel Energy IncStock6,074$404.0K0.1%History
First Rep BK San Francisco C33616C100COM2,360$394.0K0.1%–
PCGPG&E CorpStock32,871$385.0K0.1%History
Sunpower Corp867652406COM11,385$381.0K0.1%–
AVAAvista CorpCOM7,946$379.0K0.1%History
Enel Americas S A29274F104SPONSORED ADR44,734$379.0K0.1%–
ROCKGibraltar Industries, Inc.COM3,863$354.0K0.1%History
ISRGIntuitive Surgical IncCOM NEW450$333.0K0.1%History
CTASCintas CorpStock939$320.0K0.1%History
IDAIdacorp IncCOM3,042$304.0K0.1%History
DBXDropbox, Inc.CL A8,936$239.0K<0.1%History
RSGRepublic Services, Inc.COM2,408$239.0K<0.1%History
DOWDow Inc.Stock3,660$234.0K<0.1%History
ETEnergy Transfer LPCOM UT LTD PTN30,000$230.0K<0.1%History
WMBWilliams Companies, Inc.COM9,207$218.0K<0.1%History
ACAArcosa, Inc.COM3,289$214.0K<0.1%History
OPENOpendoor Technologies Inc.COM9,625$204.0K<0.1%History
ADPAutomatic Data Processing IncStock1,004$189.0K<0.1%History
BILLBILL Holdings, Inc.Stock903$131.0K<0.1%History
FSRFisker Inc.CL A COM STK6,225$107.0K<0.1%History
CLOVClover Health Investments, Corp.COM CL A12,001$91.0K<0.1%History
iShares Tr464287184CHINA LG-CAP ETF1,818$85.0K<0.1%–
WMWaste Management IncStock536$69.0K<0.1%History
CTEVClaritev CorpCOM10,192$57.0K<0.1%History
ZOMDFZomedica Corp.COM36,151$57.0K<0.1%History
CLFCleveland-Cliffs Inc.COM2,444$49.0K<0.1%History
IDEXIdeanomics, Inc.COM12,802$37.0K<0.1%History
FLFoot Locker, Inc.COM600$34.0K<0.1%History
CCOClear Channel Outdoor Holdings, Inc.COM18,081$33.0K<0.1%History
GSATGlobalstar, Inc.COM24,047$32.0K<0.1%History
TOONKartoon Studios, Inc.COM11,119$22.0K<0.1%History
TNXPTonix Pharmaceuticals Holding Corp.COM12,687$16.0K<0.1%History
WDCWestern Digital CorpCOM42$3.00K<0.1%History
VXXBarclays Bank PLCIPTH SR B S&P26$00.0%History