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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q4 2021

Holdings as of Dec 31, 2021, filed Feb 14, 2022. Long positions only; changes compare share counts with Q3 2021.

Institution overview
Positions
35
−459 vs. Q3 2021
Portfolio value
$1.41B
+$120.2M (+9.3%) vs. Q3 2021
Filed
Feb 14, 2022
SEC
Holdings of Capula Management Ltd in Q4 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
SPYSPDR S&P 500 ETF TrustETF2,166,828$1.03B72.8%+1,405,327+184.5%AddedHistory
Invesco QQQ Trust Series I46090E103ETF519,602$206.7M14.6%+519,602New–
iShares Tr464287184CHINA LG-CAP ETF943,341$34.5M2.4%+576,695+157.3%Added–
iShares Russell 2000 ETF464287655ETF119,036$26.5M1.9%+119,036New–
GOOGLAlphabet Inc.Stock5,874$17.0M1.2%−2,621−30.9%ReducedHistory
AMZNAmazon Com IncStock3,502$11.7M0.8%−6,173−63.8%ReducedHistory
MSFTMicrosoft CorpStock24,283$8.17M0.6%−98,970−80.3%ReducedHistory
AAPLApple Inc.Stock42,527$7.55M0.5%−238,310−84.9%ReducedHistory
JPMJPMorgan Chase & CoStock45,322$7.18M0.5%−9,418−17.2%ReducedHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF167,131$6.53M0.5%+167,131New–
NFLXNetflix IncStock10,090$6.08M0.4%−2,924−22.5%ReducedHistory
NVDANVIDIA CorpStock19,227$5.66M0.4%−38,578−66.7%ReducedHistory
DBX ETF Tr233051879XTRACK HRVST CSI130,000$5.08M0.4%+130,000New–
CCitigroup IncStock82,313$4.97M0.4%−19,393−19.1%ReducedHistory
JDJD.com, Inc.SPON ADS CL A70,000$4.91M0.3%+70,000NewHistory
State Street Industrial Select Sector SPDR ETF81369Y704ETF38,074$4.03M0.3%+38,074New–
METAMeta Platforms, Inc.Stock10,998$3.70M0.3%−72,118−86.8%ReducedHistory
GSGoldman Sachs Group IncStock7,817$2.99M0.2%−3,484−30.8%ReducedHistory
TXNTexas Instruments IncStock13,413$2.53M0.2%−2,049−13.3%ReducedHistory
PLUGPlug Power IncStock88,113$2.49M0.2%+88,113NewHistory
COFCapital One Financial CorpStock16,040$2.33M0.2%+13,569+549.1%AddedHistory
TSLATesla, Inc.Stock2,140$2.26M0.2%−8,365−79.6%ReducedHistory
PINSPinterest, Inc.CL A60,530$2.20M0.2%+60,530NewHistory
KHCKraft Heinz CoStock50,980$1.83M0.1%+50,980NewHistory
MMM3M CoStock8,858$1.57M0.1%−17,829−66.8%ReducedHistory
State Street Energy Select Sector SPDR ETF81369Y506ETF17,169$953.0K0.1%−29,691−63.4%Reduced–
TWTRTwitter, Inc.COM22,022$952.0K0.1%−2,145−8.9%ReducedHistory
WDAYWorkday, Inc.CL A3,200$874.0K0.1%−15,474−82.9%ReducedHistory
SWKStanley Black & Decker, Inc.COM4,503$849.0K0.1%−7,919−63.7%ReducedHistory
CRMSalesforce, Inc.Stock2,630$668.0K<0.1%−13,569−83.8%ReducedHistory
CVSCVS Health CorpStock6,290$649.0K<0.1%−9,654−60.5%ReducedHistory
INTCIntel CorpStock12,080$622.0K<0.1%−39,963−76.8%ReducedHistory
ESIElement Solutions IncCOM25,450$618.0K<0.1%+25,450NewHistory
CMGChipotle Mexican Grill IncCOM260$455.0K<0.1%−1,886−87.9%ReducedHistory
NIONIO Inc.ADR10,300$326.0K<0.1%−4,536−30.6%ReducedHistory

Options (78)

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

Option positions of Capula Management Ltd in Q4 2021
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$233.6M$55.0M
AAPLApple Inc.Stock$261.6M$24.9M
State Street Financial Select Sector SPDR ETF81369Y605ETF$195.1M$80.4M
MSFTMicrosoft CorpStock$230.0M$8.41M
NVDANVIDIA CorpStock$237.4M–
AMZNAmazon Com IncStock$183.4M$16.7M
GOOGLAlphabet Inc.Stock$190.9M$4.35M
iShares Tr464287184CHINA LG-CAP ETF$91.5M$35.5M
METAMeta Platforms, Inc.Stock$76.8M$33.6M
Invesco QQQ Trust Series I46090E103ETF$99.5M$9.51M
UNPUnion Pacific CorpStock$46.6M$48.3M
NFLXNetflix IncStock$75.4M$16.9M
TSLATesla, Inc.Stock$65.5M–
WMTWalmart Inc.Stock$24.3M$33.3M
CCitigroup IncStock$35.7M$18.1M
BACBank of America CorpStock$20.3M$24.2M
JPMJPMorgan Chase & CoStock$38.0M$6.51M
iShares Russell 2000 ETF464287655ETF$34.7M$8.65M
iShares Tips Bond ETF464287176ETF$38.8M–
IBMInternational Business Machines CorpStock$24.9M$13.4M
MCDMcDonalds CorpStock$24.7M$11.1M
GSGoldman Sachs Group IncStock$20.7M$8.61M
NSCNorfolk Southern CorpStock$8.99M$19.5M
RTXRTX CorpStock$12.9M$15.1M
State Street Energy Select Sector SPDR ETF81369Y506ETF$4.72M$20.1M
TXNTexas Instruments IncStock$12.3M$10.4M
KOCoca Cola CoStock$7.62M$14.8M
WDAYWorkday, Inc.CL A$10.9M$10.2M
State Street Industrial Select Sector SPDR ETF81369Y704ETF$10.4M$9.34M
BKNGBooking Holdings Inc.Stock$8.40M$9.36M
PEPPepsiCo IncStock–$17.7M
LMTLockheed Martin CorpStock$7.11M$9.60M
ITWIllinois Tool Works IncStock$7.38M$9.03M
CSCOCisco Systems, Inc.Stock–$16.1M
DBX ETF Tr233051879XTRACK HRVST CSI–$16.0M
CSXCSX CorpStock$9.40M$6.58M
ESIElement Solutions IncCOM$6.64M$6.64M
MMM3M CoStock$7.94M$5.28M
VanEck Semiconductor ETF92189F676ETF$7.53M$5.62M
PLUGPlug Power IncStock$12.7M–
PNCPNC Financial Services Group, Inc.Stock$6.52M$6.16M
COINCoinbase Global, Inc.COM CL A$12.6M–
CVXChevron CorpStock$5.87M$5.87M
CMGChipotle Mexican Grill IncCOM$8.04M$3.50M
CATCaterpillar IncStock$5.31M$6.22M
DOWDow Inc.Stock$4.93M$6.15M
State Street SPDR S&P Regional Banking ETF78464A698ETF$4.58M$6.14M
CRMSalesforce, Inc.Stock$4.57M$5.97M
SWKStanley Black & Decker, Inc.COM$5.66M$4.64M
State Street Materials Select Sector SPDR ETF81369Y100ETF–$9.51M
PGProcter & Gamble CoStock$4.37M$4.37M
NTAPNetApp, Inc.Stock$5.97M$2.48M
MCHPMicrochip Technology IncStock$1.64M$6.67M
State Street Utilities Select Sector SPDR ETF81369Y886ETF$2.00M$5.88M
State Street Health Care Select Sector SPDR ETF81369Y209ETF$3.34M$4.52M
GLDSPDR Gold TrustETF–$7.44M
KEYSKeysight Technologies, Inc.Stock–$6.98M
CVSCVS Health CorpStock$6.74M–
USBUS Bancorp DECOM NEW$1.04M$5.62M
TSMTaiwan Semiconductor Manufacturing Co LtdADR$4.10M$2.41M
EMREmerson Electric CoStock$2.79M$3.26M
MRKMerck & Co., Inc.Stock$2.98M$2.21M
COFCapital One Financial CorpStock$5.02M–
SWKSSkyworks Solutions, Inc.Stock$2.33M$2.33M
VanEck Vectors ETF Tr92189F403RUSSIA ETF–$4.44M
KHCKraft Heinz CoStock$4.31M–
ADSKAutodesk, Inc.COM$1.57M$2.19M
FDXFedEx CorpStock$931.0K$2.74M
WDCWestern Digital CorpCOM$300.0K$3.19M
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF–$3.48M
PINSPinterest, Inc.CL A$3.44M–
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF–$3.43M
INTCIntel CorpStock$3.35M–
VanEck ETF Trust92189F106GOLD MINERS ETF–$3.20M
ETNEaton Corp plcStock–$1.71M
GDGeneral Dynamics CorpStock–$1.48M
TWTRTwitter, Inc.COM$1.35M–
NIONIO Inc.ADR$1.03M–

Sold out since Q3 2021 (469)

Positions held at the end of Q3 2021 that are gone from this filing.

The largest 100 of 469 by value last quarter.

Positions of Capula Management Ltd sold out since Q3 2021
SecurityClassShares in Q3 2021Value in Q3 2021% of portfolio in Q3 2021History
PYPLPayPal Holdings, Inc.Stock83,556$21.7M1.7%History
ADBEAdobe Inc.Stock37,528$21.6M1.7%History
BABAAlibaba Group Holding LtdADR128,554$19.0M1.5%History
QCOMQualcomm IncStock96,480$12.4M1.0%History
VRSNVerisign IncCOM55,083$11.3M0.9%History
DISWalt Disney CoStock62,796$10.6M0.8%History
CSCOCisco Systems, Inc.Stock189,660$10.3M0.8%History
DHRDanaher CorpStock31,506$9.59M0.7%History
BACBank of America CorpStock192,158$8.16M0.6%History
UNHUnitedHealth Group IncStock20,437$7.99M0.6%History
JNJJohnson & JohnsonStock43,957$7.10M0.5%History
MCDMcDonalds CorpStock29,439$7.10M0.5%History
KOCoca Cola CoStock134,125$7.04M0.5%History
TSMTaiwan Semiconductor Manufacturing Co LtdADR61,478$6.86M0.5%History
VVisa Inc.Stock28,114$6.26M0.5%History
WMTWalmart Inc.Stock40,563$5.65M0.4%History
HONHoneywell International IncCOM25,826$5.48M0.4%History
AVGOBroadcom Inc.Stock11,274$5.47M0.4%History
AKAMAkamai Technologies IncCOM52,023$5.44M0.4%History
MAMastercard IncStock15,531$5.39M0.4%History
FDXFedEx CorpStock23,627$5.18M0.4%History
UPSUnited Parcel Service IncStock27,701$5.04M0.4%History
TMUST-Mobile US, Inc.Stock39,353$5.03M0.4%History
ADSKAutodesk, Inc.COM16,479$4.70M0.4%History
CVXChevron CorpStock45,706$4.64M0.4%History
CLColgate Palmolive CoStock61,196$4.60M0.4%History
NKENIKE, Inc.Stock30,115$4.37M0.3%History
NSCNorfolk Southern CorpStock18,067$4.32M0.3%History
BKNGBooking Holdings Inc.Stock1,743$4.14M0.3%History
LYVLive Nation Entertainment, Inc.COM45,181$4.12M0.3%History
MDLZMondelez International, Inc.Stock70,099$4.08M0.3%History
HDHome Depot, Inc.Stock12,265$4.03M0.3%History
SWKSSkyworks Solutions, Inc.Stock24,385$4.02M0.3%History
SUSuncor Energy IncStock193,200$4.01M0.3%History
SBACSba Communications CorpCL A11,829$3.91M0.3%History
MSCIMSCI Inc.Stock6,411$3.90M0.3%History
SHWSherwin Williams CoCOM13,791$3.86M0.3%History
CRSPCRISPR Therapeutics AGNAMEN AKT34,442$3.85M0.3%History
URIUnited Rentals, Inc.COM10,982$3.85M0.3%History
LHLabcorp Holdings Inc.COM NEW13,691$3.85M0.3%History
MTDMettler Toledo International IncCOM2,768$3.81M0.3%History
ABBVAbbVie Inc.Stock35,336$3.77M0.3%History
DDDuPont de Nemours, Inc.COM54,690$3.72M0.3%History
INTUIntuit Inc.Stock6,844$3.69M0.3%History
ITWIllinois Tool Works IncStock17,607$3.64M0.3%History
FVRRFiverr International Ltd.ORD SHS19,693$3.60M0.3%History
VZVerizon Communications IncStock66,943$3.57M0.3%History
ULTAUlta Beauty, Inc.Stock9,882$3.57M0.3%History
GOOGAlphabet Inc.Stock1,337$3.56M0.3%History
NEENextera Energy IncStock44,935$3.53M0.3%History
MCKMcKesson CorpStock17,168$3.42M0.3%History
DOCUDocuSign, Inc.Stock12,963$3.34M0.3%History
MSMorgan StanleyStock34,070$3.32M0.3%History
SBUXStarbucks CorpStock30,015$3.31M0.3%History
TAT&T Inc.Stock124,392$3.29M0.3%History
MOAltria Group, Inc.Stock72,311$3.29M0.3%History
KMIKinder Morgan, Inc.Stock193,811$3.24M0.3%History
WFCWells Fargo & CompanyStock69,672$3.23M0.2%History
CHWYChewy, Inc.CL A47,347$3.23M0.2%History
PGProcter & Gamble CoStock22,725$3.16M0.2%History
CCICrown Castle Inc.REIT46,666$3.15M0.2%History
EAElectronic Arts Inc.COM21,985$3.13M0.2%History
HUBSHubSpot IncCOM4,624$3.13M0.2%History
ANETArista Networks, Inc.COM8,912$3.06M0.2%History
HASHasbro, Inc.COM34,229$3.05M0.2%History
GLWCorning IncCOM82,976$3.03M0.2%History
HESHess CorpStock38,666$3.02M0.2%History
ZMZoom Communications, Inc.Stock11,365$2.97M0.2%History
BKRBaker Hughes CoCL A119,537$2.96M0.2%History
STZConstellation Brands, Inc.Stock13,932$2.94M0.2%History
IBMInternational Business Machines CorpStock21,938$2.91M0.2%History
KRKroger CoStock71,628$2.90M0.2%History
DGXQuest Diagnostics IncCOM19,949$2.89M0.2%History
PNCPNC Financial Services Group, Inc.Stock14,755$2.87M0.2%History
RHRHCOM4,259$2.84M0.2%History
ABTAbbott LaboratoriesStock24,096$2.84M0.2%History
KKellanovaStock44,094$2.82M0.2%History
MDTMedtronic plcStock22,462$2.81M0.2%History
WATWaters CorpCOM7,824$2.80M0.2%History
DHIHorton D R IncCOM33,173$2.79M0.2%History
AIGAmerican International Group, Inc.Stock50,688$2.78M0.2%History
ZSZscaler, Inc.Stock10,471$2.75M0.2%History
AMATApplied Materials IncStock21,033$2.71M0.2%History
MGMMGM Resorts InternationalStock62,049$2.68M0.2%History
ALBAlbemarle CorpStock12,148$2.66M0.2%History
XOMExxonMobil Holdings CorpCOM45,148$2.66M0.2%History
SIVBSVB Financial GroupCOM3,997$2.59M0.2%History
CATCaterpillar IncStock13,383$2.57M0.2%History
KDPKeurig Dr Pepper Inc.COM73,427$2.51M0.2%History
PEPPepsiCo IncStock16,647$2.50M0.2%History
MOSMosaic CoCOM69,577$2.48M0.2%History
VFCV F CorpStock36,887$2.47M0.2%History
XYZBlock, Inc.CL A10,303$2.47M0.2%History
TGTTarget CorpStock10,768$2.46M0.2%History
AAgilent Technologies, Inc.COM15,580$2.45M0.2%History
AESAES CorpStock105,775$2.42M0.2%History
CMCSAComcast CorpStock43,233$2.41M0.2%History
ROKRockwell Automation, IncStock8,060$2.37M0.2%History
TEAMAtlassian CorpCL A6,046$2.37M0.2%History
MELIMercadolibre IncCOM1,405$2.36M0.2%History