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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q2 2022

Holdings as of Jun 30, 2022, filed Aug 15, 2022. Long positions only; changes compare share counts with Q1 2022.

Institution overview
Positions
95
+43 vs. Q1 2022
Portfolio value
$712.3M
+$351.8M (+97.6%) vs. Q1 2022
Filed
Aug 15, 2022
SEC
Holdings of Capula Management Ltd in Q2 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
SPYSPDR S&P 500 ETF TrustETF217,072$81.9M11.5%−5,643−2.5%ReducedHistory
AAPLApple Inc.Stock307,304$42.0M5.9%+231,449+305.1%AddedHistory
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 1122,635$37.8M5.3%+122,635NewHistory
iShares Russell 2000 ETF464287655ETF188,161$31.9M4.5%+129,764+222.2%Added–
State Street Energy Select Sector SPDR ETF81369Y506ETF407,227$29.1M4.1%+407,227New–
HONHoneywell International IncCOM165,433$28.8M4.0%+165,433NewHistory
WDCWestern Digital CorpCOM612,805$27.5M3.9%+612,805NewHistory
NVDANVIDIA CorpStock177,514$26.9M3.8%+161,791+1,029.0%AddedHistory
MSFTMicrosoft CorpStock93,669$24.1M3.4%+59,951+177.8%AddedHistory
BACBank of America CorpStock737,049$22.9M3.2%+734,449+28,248.0%AddedHistory
AMZNAmazon Com IncStock167,180$17.8M2.5%+120,700+259.7%AddedConverted for a 20-for-1 splitHistory
CVSCVS Health CorpStock177,167$16.4M2.3%+116,885+193.9%AddedHistory
GOOGLAlphabet Inc.Stock7,516$16.4M2.3%+4,768+173.5%AddedHistory
DOWDow Inc.Stock285,819$14.8M2.1%+285,819NewHistory
iShares Tr464287184CHINA LG-CAP ETF382,214$13.0M1.8%+382,214New–
CATCaterpillar IncStock72,225$12.9M1.8%+72,225NewHistory
METAMeta Platforms, Inc.Stock77,341$12.5M1.8%+38,622+99.7%AddedHistory
TSLATesla, Inc.Stock16,453$11.1M1.6%+13,567+470.1%AddedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR134,028$11.0M1.5%+12,618+10.4%AddedHistory
UNPUnion Pacific CorpStock51,372$11.0M1.5%+51,372NewHistory
GSGoldman Sachs Group IncStock27,392$8.14M1.1%+18,539+209.4%AddedHistory
MSMorgan StanleyStock106,485$8.10M1.1%+106,485NewHistory
WMTWalmart Inc.Stock63,619$7.74M1.1%+63,619NewHistory
LRCXLam Research CorpCOM17,823$7.59M1.1%+17,823NewHistory
DBX ETF Tr233051879XTRACK HRVST CSI220,000$7.52M1.1%+60,000+37.5%Added–
State Street Financial Select Sector SPDR ETF81369Y605ETF228,879$7.20M1.0%−271,987−54.3%Reduced–
ICEIntercontinental Exchange, Inc.Stock69,911$6.57M0.9%+69,911NewHistory
KOCoca Cola CoStock103,036$6.48M0.9%+103,036NewHistory
AMDAdvanced Micro Devices IncStock84,386$6.45M0.9%+79,966+1,809.2%AddedHistory
APDAir Products & Chemicals, Inc.Stock26,509$6.38M0.9%−19,057−41.8%ReducedHistory
HBANHuntington Bancshares IncCOM491,654$5.92M0.8%+330,942+205.9%AddedHistory
EMREmerson Electric CoStock71,611$5.70M0.8%+71,611NewHistory
AVGOBroadcom Inc.Stock11,536$5.60M0.8%+11,536NewHistory
COSTCostco Wholesale CorpStock11,306$5.42M0.8%+11,306NewHistory
INTCIntel CorpStock140,297$5.25M0.7%+140,297NewHistory
ADBEAdobe Inc.Stock14,259$5.22M0.7%+14,259NewHistory
DISWalt Disney CoStock54,891$5.18M0.7%−368−0.7%ReducedHistory
UPSUnited Parcel Service IncStock28,110$5.13M0.7%+28,110NewHistory
CRMSalesforce, Inc.Stock31,035$5.12M0.7%+31,035NewHistory
MAMastercard IncStock15,249$4.81M0.7%+15,249NewHistory
THCTenet Healthcare CorpCOM NEW89,153$4.69M0.7%+89,153NewHistory
Invesco QQQ Trust Series I46090E103ETF15,981$4.48M0.6%−137,803−89.6%Reduced–
TMOThermo Fisher Scientific Inc.Stock8,031$4.36M0.6%+8,031NewHistory
MCDMcDonalds CorpStock16,717$4.13M0.6%+13,818+476.6%AddedHistory
QCOMQualcomm IncStock30,053$3.84M0.5%+30,053NewHistory
DHRDanaher CorpStock14,876$3.77M0.5%+14,876NewHistory
LLYEli Lilly & CoStock11,509$3.73M0.5%+11,509NewHistory
NKENIKE, Inc.Stock35,339$3.61M0.5%+35,339NewHistory
TXNTexas Instruments IncStock23,014$3.54M0.5%+23,014NewHistory
State Street Industrial Select Sector SPDR ETF81369Y704ETF39,213$3.42M0.5%+8,613+28.1%Added–
MUMicron Technology IncStock54,902$3.04M0.4%+31,701+136.6%AddedHistory
VVisa Inc.Stock15,236$3.00M0.4%+15,236NewHistory
KMIKinder Morgan, Inc.Stock177,638$2.98M0.4%+163,013+1,114.6%AddedHistory
CCitigroup IncStock64,201$2.95M0.4%−131,321−67.2%ReducedHistory
State Street Utilities Select Sector SPDR ETF81369Y886ETF41,471$2.91M0.4%+41,471New–
BBWIBath & Body Works, Inc.COM106,605$2.87M0.4%+78,237+275.8%AddedHistory
PMPhilip Morris International Inc.Stock28,225$2.79M0.4%+28,225NewHistory
NEENextera Energy IncStock35,937$2.78M0.4%+35,937NewHistory
METMetlife IncStock43,052$2.70M0.4%+43,052NewHistory
XOMExxonMobil Holdings CorpCOM31,158$2.67M0.4%+31,158NewHistory
GMGeneral Motors CoCOM77,685$2.47M0.3%+77,685NewHistory
State Street SPDR S&P Regional Banking ETF78464A698ETF42,423$2.46M0.3%+20,333+92.0%Added–
ETNEaton Corp plcStock15,795$1.99M0.3%+15,795NewHistory
WYNNWynn Resorts LtdCOM32,131$1.83M0.3%+32,131NewHistory
NFLXNetflix IncStock10,366$1.81M0.3%+3,968+62.0%AddedHistory
JPMJPMorgan Chase & CoStock15,679$1.77M0.2%−4,368−21.8%ReducedHistory
WFCWells Fargo & CompanyStock43,351$1.70M0.2%+43,351NewHistory
VanEck ETF Trust92189F106GOLD MINERS ETF56,847$1.56M0.2%+56,847New–
State Street Materials Select Sector SPDR ETF81369Y100ETF19,430$1.43M0.2%+19,430New–
RTXRTX CorpStock14,819$1.42M0.2%+14,819NewHistory
SPDR Series Trust78464A755ST STR SP METAL28,592$1.24M0.2%+22,982+409.7%Added–
CMCSAComcast CorpStock22,540$884.0K0.1%−5,559−19.8%ReducedHistory
ELVElevance Health, Inc.Stock1,685$813.0K0.1%+1,685NewHistory
SLBSLB LimitedStock22,464$803.0K0.1%+22,464NewHistory
TTWOTake Two Interactive Software IncCOM5,660$694.0K0.1%+5,660NewHistory
TEAMAtlassian CorpCL A3,698$693.0K0.1%+3,698NewHistory
NTAPNetApp, Inc.Stock9,982$651.0K0.1%+9,982NewHistory
ONONOn Holding AGStock33,539$593.0K0.1%+33,539NewHistory
SBUXStarbucks CorpStock6,418$490.0K0.1%+6,418NewHistory
LOWLowes Companies IncStock2,557$447.0K0.1%−33,366−92.9%ReducedHistory
INTUIntuit Inc.Stock1,144$441.0K0.1%+1,144NewHistory
HDHome Depot, Inc.Stock1,445$396.0K0.1%+675+87.7%AddedHistory
NOWServiceNow, Inc.Stock810$385.0K0.1%+810NewHistory
ORCLOracle CorpStock5,302$370.0K0.1%+5,302NewHistory
SCHWSchwab Charles CorpStock5,792$366.0K0.1%+5,792NewHistory
State Street Health Care Select Sector SPDR ETF81369Y209ETF2,636$338.0K<0.1%+2,636New–
CSCOCisco Systems, Inc.Stock7,734$330.0K<0.1%+7,734NewHistory
GILDGilead Sciences, Inc.Stock2,325$144.0K<0.1%+2,325NewHistory
MTGMgic Investment CorpCOM10,944$138.0K<0.1%+10,944NewHistory
NKTRNektar TherapeuticsCOM21,648$82.0K<0.1%+21,648NewHistory
BMYBristol Myers Squibb CoStock1,023$79.0K<0.1%+1,023NewHistory
CAGConagra Brands Inc.Stock2,289$78.0K<0.1%+2,289NewHistory
APAAPA CorpStock2,073$72.0K<0.1%+2,073NewHistory
CVXChevron CorpStock354$51.0K<0.1%+74+26.4%AddedHistory
PSFEPaysafe LtdORD23,637$46.0K<0.1%+23,637NewHistory

Options (127)

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 127 by value.

Option positions of Capula Management Ltd in Q2 2022
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$493.8M$286.3M
iShares Russell 2000 ETF464287655ETF$217.8M$169.7M
MSFTMicrosoft CorpStock$112.9M$57.8M
ABBVAbbVie Inc.Stock$13.9M$133.9M
JNJJohnson & JohnsonStock$27.4M$118.2M
AAPLApple Inc.Stock$120.8M$23.2M
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 1$72.6M$56.4M
BMYBristol Myers Squibb CoStock$26.8M$80.7M
AMZNAmazon Com IncStock$75.5M$27.0M
IBMInternational Business Machines CorpStock$36.1M$66.2M
TXNTexas Instruments IncStock$31.0M$52.5M
GOOGLAlphabet Inc.Stock$60.4M$21.8M
Invesco QQQ Trust Series I46090E103ETF$22.2M$59.7M
HONHoneywell International IncCOM$44.8M$34.1M
INTCIntel CorpStock$22.2M$55.5M
KOCoca Cola CoStock$46.9M$27.6M
State Street Financial Select Sector SPDR ETF81369Y605ETF$10.5M$63.4M
JPMJPMorgan Chase & CoStock$13.3M$59.8M
WMTWalmart Inc.Stock$39.1M$28.9M
PGProcter & Gamble CoStock$10.7M$56.8M
MRKMerck & Co., Inc.Stock$15.6M$50.4M
CVSCVS Health CorpStock$30.0M$32.8M
WDCWestern Digital CorpCOM$29.6M$31.8M
CSCOCisco Systems, Inc.Stock$18.0M$43.3M
UNHUnitedHealth Group IncStock$34.9M$25.6M
BACBank of America CorpStock$43.5M$16.1M
State Street SPDR S&P Regional Banking ETF78464A698ETF$23.4M$34.9M
XOMExxonMobil Holdings CorpCOM$18.5M$35.1M
MCDMcDonalds CorpStock$30.0M$19.6M
TSLATesla, Inc.Stock$37.3M$11.8M
State Street Energy Select Sector SPDR ETF81369Y506ETF$27.8M$19.8M
NVDANVIDIA CorpStock$47.2M–
CMCSAComcast CorpStock$13.2M$31.0M
MDLZMondelez International, Inc.Stock$21.9M$21.9M
VanEck Semiconductor ETF92189F676ETF–$42.0M
PFEPfizer IncStock$25.6M$15.4M
UNPUnion Pacific CorpStock$19.2M$20.5M
CVXChevron CorpStock$11.2M$28.4M
UPSUnited Parcel Service IncStock$21.2M$18.4M
FISFidelity National Information Services, Inc.Stock–$36.7M
METAMeta Platforms, Inc.Stock$29.9M$6.21M
DBX ETF Tr233051879XTRACK HRVST CSI–$34.5M
YUMYum Brands IncStock–$34.1M
DOWDow Inc.Stock$16.3M$17.4M
GSGoldman Sachs Group IncStock$19.8M$13.1M
MSMorgan StanleyStock$16.4M$15.1M
VanEck ETF Trust92189F106GOLD MINERS ETF$10.2M$20.3M
ARK Innovation ETF00214Q104ETF$2.67M$26.9M
iShares Tr464287739U.S. REAL ES ETF–$28.4M
PMPhilip Morris International Inc.Stock$9.01M$17.8M
CRMSalesforce, Inc.Stock$9.69M$16.5M
PEPPepsiCo IncStock$11.0M$15.1M
Kraneshares Trust500767306CSI CHI INTERNET–$25.9M
RTXRTX CorpStock$15.7M$9.34M
LRCXLam Research CorpCOM$13.8M$9.59M
STZConstellation Brands, Inc.Stock$11.6M$11.6M
State Street Industrial Select Sector SPDR ETF81369Y704ETF$6.29M$16.6M
State Street SPDR S&P Biotech ETF78464A870ETF$3.31M$17.2M
LMTLockheed Martin CorpStock$10.8M$9.29M
State Street Health Care Select Sector SPDR ETF81369Y209ETF$9.89M$9.95M
CCitigroup IncStock$11.9M$7.91M
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF$3.96M$15.5M
MDTMedtronic plcStock$9.69M$9.69M
TAT&T Inc.Stock$3.98M$15.1M
EMREmerson Electric CoStock$10.4M$8.43M
AVGOBroadcom Inc.Stock$13.8M$4.86M
SHELShell plcADR–$18.3M
AMGNAmgen IncStock$3.75M$13.5M
COSTCostco Wholesale CorpStock$17.2M–
TSMTaiwan Semiconductor Manufacturing Co LtdADR$14.3M$2.04M
VVisa Inc.Stock$11.2M$4.67M
MMM3M CoStock$7.45M$7.45M
WFCWells Fargo & CompanyStock$3.19M$11.2M
DVNDevon Energy CorpStock–$13.9M
CATCaterpillar IncStock$13.6M–
METMetlife IncStock$6.78M$6.78M
SBUXStarbucks CorpStock$5.73M$7.64M
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF$3.84M$9.37M
ICEIntercontinental Exchange, Inc.Stock$6.58M$6.58M
KMIKinder Morgan, Inc.Stock$5.02M$8.13M
MAMastercard IncStock$11.3M$1.58M
APDAir Products & Chemicals, Inc.Stock$12.0M–
AMDAdvanced Micro Devices IncStock$11.9M–
COPConocoPhillipsStock$853.0K$10.9M
HDHome Depot, Inc.Stock$6.23M$5.16M
TRVTravelers Companies, Inc.Stock$5.21M$6.11M
TMOThermo Fisher Scientific Inc.Stock$11.0M–
LLYEli Lilly & CoStock$10.3M–
DISWalt Disney CoStock$10.1M–
ADBEAdobe Inc.Stock$10.1M–
HBANHuntington Bancshares IncCOM$5.92M$4.15M
DUKDuke Energy CORPStock–$9.83M
BAXBaxter International IncStock–$9.63M
THCTenet Healthcare CorpCOM NEW$4.73M$4.73M
DHRDanaher CorpStock$9.38M–
QCOMQualcomm IncStock$9.02M–
GILDGilead Sciences, Inc.Stock$4.45M$4.45M
INTUIntuit Inc.Stock$4.24M$3.47M
TEAMAtlassian CorpCL A$3.75M$3.75M
ETNEaton Corp plcStock$2.02M$4.41M

Sold out since Q1 2022 (18)

Positions held at the end of Q1 2022 that are gone from this filing.

Positions of Capula Management Ltd sold out since Q1 2022
SecurityClassShares in Q1 2022Value in Q1 2022% of portfolio in Q1 2022History
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF52,920$9.79M2.7%–
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF89,810$6.82M1.9%–
WDAYWorkday, Inc.CL A26,077$6.24M1.7%History
ESIElement Solutions IncCOM145,008$3.18M0.9%History
TGTTarget CorpStock12,579$2.67M0.7%History
VZVerizon Communications IncStock36,902$1.88M0.5%History
ITWIllinois Tool Works IncStock5,172$1.08M0.3%History
SPDR Series Trust78464A714ST STR SP RETAIL11,950$903.0K0.3%–
MGMMGM Resorts InternationalStock15,940$669.0K0.2%History
LEVILevi Strauss & CoCL A COM STK29,226$578.0K0.2%History
Global X Uranium ETF37954Y871ETF16,000$419.0K0.1%–
IPInternational Paper CoCOM7,546$348.0K0.1%History
GRMNGarmin LtdSHS2,888$343.0K0.1%History
KHCKraft Heinz CoStock5,884$232.0K0.1%History
FCXFreeport-McMoran IncStock4,000$199.0K0.1%History
iShares Tr464287739U.S. REAL ES ETF1,471$159.0K<0.1%–
HOGHarley-Davidson, Inc.COM1,190$47.0K<0.1%History
PFEPfizer IncStock220$11.0K<0.1%History