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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q1 2022

Holdings as of Mar 31, 2022, filed May 17, 2022. Long positions only; changes compare share counts with Q4 2021.

Institution overview
Positions
52
+17 vs. Q4 2021
Portfolio value
$360.4M
−$1.05B (−74.5%) vs. Q4 2021
Filed
May 17, 2022
SEC
Holdings of Capula Management Ltd in Q1 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
SPYSPDR S&P 500 ETF TrustETF222,715$100.6M27.9%−1,944,113−89.7%ReducedHistory
Invesco QQQ Trust Series I46090E103ETF153,784$55.8M15.5%−365,818−70.4%Reduced–
State Street Financial Select Sector SPDR ETF81369Y605ETF500,866$19.2M5.3%+333,735+199.7%Added–
AAPLApple Inc.Stock75,855$13.2M3.7%+33,328+78.4%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR121,410$12.7M3.5%+121,410NewHistory
iShares Russell 2000 ETF464287655ETF58,397$12.0M3.3%−60,639−50.9%Reduced–
APDAir Products & Chemicals, Inc.Stock45,566$11.4M3.2%+45,566NewHistory
CCitigroup IncStock195,522$10.4M2.9%+113,209+137.5%AddedHistory
MSFTMicrosoft CorpStock33,718$10.4M2.9%+9,435+38.9%AddedHistory
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF52,920$9.79M2.7%+52,920New–
METAMeta Platforms, Inc.Stock38,719$8.61M2.4%+27,721+252.1%AddedHistory
GOOGLAlphabet Inc.Stock2,748$7.64M2.1%−3,126−53.2%ReducedHistory
DISWalt Disney CoStock55,259$7.58M2.1%+55,259NewHistory
AMZNAmazon Com IncStock2,324$7.58M2.1%−1,178−33.6%ReducedHistory
LOWLowes Companies IncStock35,923$7.26M2.0%+35,923NewHistory
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF89,810$6.82M1.9%+89,810New–
WDAYWorkday, Inc.CL A26,077$6.24M1.7%+22,877+714.9%AddedHistory
CVSCVS Health CorpStock60,282$6.10M1.7%+53,992+858.4%AddedHistory
DBX ETF Tr233051879XTRACK HRVST CSI160,000$5.29M1.5%+30,000+23.1%Added–
NVDANVIDIA CorpStock15,723$4.29M1.2%−3,504−18.2%ReducedHistory
ESIElement Solutions IncCOM145,008$3.18M0.9%+119,558+469.8%AddedHistory
State Street Industrial Select Sector SPDR ETF81369Y704ETF30,600$3.15M0.9%−7,474−19.6%Reduced–
TSLATesla, Inc.Stock2,886$3.11M0.9%+746+34.9%AddedHistory
GSGoldman Sachs Group IncStock8,853$2.92M0.8%+1,036+13.3%AddedHistory
JPMJPMorgan Chase & CoStock20,047$2.71M0.8%−25,275−55.8%ReducedHistory
TGTTarget CorpStock12,579$2.67M0.7%+12,579NewHistory
NFLXNetflix IncStock6,398$2.40M0.7%−3,692−36.6%ReducedHistory
HBANHuntington Bancshares IncCOM160,712$2.35M0.7%+160,712NewHistory
VZVerizon Communications IncStock36,902$1.88M0.5%+36,902NewHistory
MUMicron Technology IncStock23,201$1.81M0.5%+23,201NewHistory
State Street SPDR S&P Regional Banking ETF78464A698ETF22,090$1.52M0.4%+22,090New–
BBWIBath & Body Works, Inc.COM28,368$1.36M0.4%+28,368NewHistory
CMCSAComcast CorpStock28,099$1.32M0.4%+28,099NewHistory
ITWIllinois Tool Works IncStock5,172$1.08M0.3%+5,172NewHistory
SPDR Series Trust78464A714ST STR SP RETAIL11,950$903.0K0.3%+11,950New–
MCDMcDonalds CorpStock2,899$717.0K0.2%+2,899NewHistory
MGMMGM Resorts InternationalStock15,940$669.0K0.2%+15,940NewHistory
LEVILevi Strauss & CoCL A COM STK29,226$578.0K0.2%+29,226NewHistory
AMDAdvanced Micro Devices IncStock4,420$483.0K0.1%+4,420NewHistory
Global X Uranium ETF37954Y871ETF16,000$419.0K0.1%+16,000New–
IPInternational Paper CoCOM7,546$348.0K0.1%+7,546NewHistory
SPDR Series Trust78464A755ST STR SP METAL5,610$344.0K0.1%+5,610New–
GRMNGarmin LtdSHS2,888$343.0K0.1%+2,888NewHistory
KMIKinder Morgan, Inc.Stock14,625$277.0K0.1%+14,625NewHistory
KHCKraft Heinz CoStock5,884$232.0K0.1%−45,096−88.5%ReducedHistory
HDHome Depot, Inc.Stock770$230.0K0.1%+770NewHistory
FCXFreeport-McMoran IncStock4,000$199.0K0.1%+4,000NewHistory
iShares Tr464287739U.S. REAL ES ETF1,471$159.0K<0.1%+1,471New–
BACBank of America CorpStock2,600$107.0K<0.1%+2,600NewHistory
HOGHarley-Davidson, Inc.COM1,190$47.0K<0.1%+1,190NewHistory
CVXChevron CorpStock280$46.0K<0.1%+280NewHistory
PFEPfizer IncStock220$11.0K<0.1%+220NewHistory

Options (123)

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 123 by value.

Option positions of Capula Management Ltd in Q1 2022
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$855.5M$110.1M
AAPLApple Inc.Stock$308.8M$103.0M
GOOGLAlphabet Inc.Stock$238.6M$91.2M
AMZNAmazon Com IncStock$230.5M$99.1M
MSFTMicrosoft CorpStock$261.9M$54.7M
iShares Russell 2000 ETF464287655ETF$147.9M$74.2M
AMGNAmgen IncStock$13.2M$187.3M
TXNTexas Instruments IncStock$139.4M$44.6M
JNJJohnson & JohnsonStock$69.9M$71.7M
WMTWalmart Inc.Stock$28.4M$94.8M
IBMInternational Business Machines CorpStock$58.9M$62.4M
UNPUnion Pacific CorpStock$53.3M$58.7M
TSLATesla, Inc.Stock$70.6M$30.0M
DEDeere & CoStock$41.6M$48.4M
CSCOCisco Systems, Inc.Stock$40.1M$46.7M
Invesco QQQ Trust Series I46090E103ETF$37.3M$47.9M
CCitigroup IncStock$37.6M$41.7M
UPSUnited Parcel Service IncStock$32.2M$46.4M
PGProcter & Gamble CoStock$397.0K$76.8M
MRKMerck & Co., Inc.Stock$29.9M$46.4M
EMREmerson Electric CoStock$42.4M$32.4M
CRMSalesforce, Inc.Stock$53.1M$21.2M
NVDANVIDIA CorpStock$71.3M$2.78M
INTCIntel CorpStock$43.9M$29.2M
TWTRTwitter, Inc.COM$46.4M$23.2M
BMYBristol Myers Squibb CoStock$25.6M$43.8M
VanEck Semiconductor ETF92189F676ETF$17.2M$50.2M
State Street Financial Select Sector SPDR ETF81369Y605ETF$41.8M$25.2M
MCDMcDonalds CorpStock$40.1M$24.8M
KOCoca Cola CoStock$38.9M$23.9M
State Street Utilities Select Sector SPDR ETF81369Y886ETF$16.1M$46.2M
METAMeta Platforms, Inc.Stock$59.1M$2.87M
WDAYWorkday, Inc.CL A$59.9M–
State Street Health Care Select Sector SPDR ETF81369Y209ETF$22.6M$32.4M
THCTenet Healthcare CorpCOM NEW$7.74M$43.3M
CSXCSX CorpStock$23.4M$24.3M
MMM3M CoStock$10.4M$36.4M
State Street SPDR S&P Regional Banking ETF78464A698ETF$8.03M$33.9M
TSMTaiwan Semiconductor Manufacturing Co LtdADR$40.6M–
State Street SPDR S&P Biotech ETF78464A870ETF$19.0M$20.9M
ICEIntercontinental Exchange, Inc.Stock$19.2M$20.6M
CVSCVS Health CorpStock$17.7M$21.8M
MRSHMarsh & McLennan Companies, Inc.Stock$17.5M$21.3M
DISWalt Disney CoStock$18.5M$18.5M
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 1$15.3M$20.4M
YUMYum Brands IncStock–$35.6M
HONHoneywell International IncCOM$17.5M$17.5M
State Street Technology Select Sector SPDR ETF81369Y803ETF$7.53M$26.4M
UNHUnitedHealth Group IncStock$15.8M$17.1M
State Street Energy Select Sector SPDR ETF81369Y506ETF$5.12M$27.4M
APDAir Products & Chemicals, Inc.Stock$16.7M$15.3M
GSGoldman Sachs Group IncStock$23.9M$7.53M
JPMJPMorgan Chase & CoStock$15.3M$15.3M
LOWLowes Companies IncStock$15.2M$15.2M
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF$19.5M$10.3M
SYKStryker CorpStock$16.0M$13.4M
NFLXNetflix IncStock$25.7M$2.81M
PEPPepsiCo IncStock$12.6M$15.0M
ETNEaton Corp plcStock$2.43M$24.3M
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF$16.0M$8.99M
TAT&T Inc.Stock–$24.5M
LRCXLam Research CorpCOM$12.1M$12.1M
CVXChevron CorpStock$12.9M$10.7M
FDXFedEx CorpStock$11.6M$11.6M
STZConstellation Brands, Inc.Stock$11.5M$11.5M
REGNRegeneron Pharmaceuticals, Inc.COM$12.2M$10.5M
TGTTarget CorpStock$13.3M$9.00M
MUMicron Technology IncStock$11.0M$10.1M
CATCaterpillar IncStock$11.5M$8.94M
RTXRTX CorpStock$9.91M$9.92M
DOWDow Inc.Stock$9.16M$10.2M
PFEPfizer IncStock$13.3M$5.52M
AVGOBroadcom Inc.Stock$9.38M$9.38M
ABBVAbbVie Inc.Stock$8.43M$8.43M
BABAAlibaba Group Holding LtdADR–$16.3M
DHRDanaher CorpStock$7.16M$8.18M
METMetlife IncStock$7.95M$6.58M
ROPRoper Technologies IncStock$4.95M$8.39M
ITWIllinois Tool Works IncStock$5.82M$7.50M
LMTLockheed Martin CorpStock$6.62M$6.62M
FCXFreeport-McMoran IncStock–$13.2M
iShares Tr464287184CHINA LG-CAP ETF–$13.1M
HBANHuntington Bancshares IncCOM$7.20M$5.04M
NSCNorfolk Southern CorpStock$2.05M$9.81M
BAXBaxter International IncStock–$11.6M
ESIElement Solutions IncCOM$5.36M$5.36M
State Street Materials Select Sector SPDR ETF81369Y100ETF$5.01M$5.38M
VZVerizon Communications IncStock$5.09M$5.09M
NEENextera Energy IncStock–$9.50M
UALUnited Airlines Holdings, Inc.COM$4.64M$4.64M
GRMNGarmin LtdSHS$4.74M$4.15M
VanEck ETF Trust92189F106GOLD MINERS ETF$836.0K$7.44M
NKENIKE, Inc.Stock$4.04M$4.04M
Kraneshares Trust500767306CSI CHI INTERNET–$7.98M
BACBank of America CorpStock$313.0K$7.32M
KMIKinder Morgan, Inc.Stock$3.88M$3.52M
TUPTupperware Brands CorpCOM$3.40M$3.40M
CMCSAComcast CorpStock$3.24M$3.22M
State Street SPDR S&P Homebuilders ETF78464A888ETF$6.32M–
NTAPNetApp, Inc.Stock$2.08M$4.15M

Sold out since Q4 2021 (14)

Positions held at the end of Q4 2021 that are gone from this filing.

Positions of Capula Management Ltd sold out since Q4 2021
SecurityClassShares in Q4 2021Value in Q4 2021% of portfolio in Q4 2021History
iShares Tr464287184CHINA LG-CAP ETF943,341$34.5M2.4%–
JDJD.com, Inc.SPON ADS CL A70,000$4.91M0.3%History
TXNTexas Instruments IncStock13,413$2.53M0.2%History
PLUGPlug Power IncStock88,113$2.49M0.2%History
COFCapital One Financial CorpStock16,040$2.33M0.2%History
PINSPinterest, Inc.CL A60,530$2.20M0.2%History
MMM3M CoStock8,858$1.57M0.1%History
State Street Energy Select Sector SPDR ETF81369Y506ETF17,169$953.0K0.1%–
TWTRTwitter, Inc.COM22,022$952.0K0.1%History
SWKStanley Black & Decker, Inc.COM4,503$849.0K0.1%History
CRMSalesforce, Inc.Stock2,630$668.0K<0.1%History
INTCIntel CorpStock12,080$622.0K<0.1%History
CMGChipotle Mexican Grill IncCOM260$455.0K<0.1%History
NIONIO Inc.ADR10,300$326.0K<0.1%History