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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 14, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
423
+129 vs. Q3 2022
Portfolio value
$965.8M
+$151.7M (+18.6%) vs. Q3 2022
Filed
Feb 14, 2023
SEC
Holdings of Capula Management Ltd in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
ZIONZions Bancorporation, National AssociationCOM2,100$103.2K<0.1%−9,785−82.3%ReducedHistory
AFLAflac IncStock1,620$116.5K<0.1%+1,620NewHistory
HESHess CorpStock850$120.5K<0.1%+850NewHistory
AGLagilon health, inc.COM11,140$179.8K<0.1%+11,140NewHistory
WMWaste Management IncStock1,280$200.8K<0.1%+1,280NewHistory
ACHCAcadia Healthcare Company, Inc.COM2,440$200.9K<0.1%+2,440NewHistory
Liberty Media Corp531229409COM A SIRIUSXM5,170$203.2K<0.1%+5,170New–
YUMYum Brands IncStock1,600$204.9K<0.1%+1,600NewHistory
TTWOTake Two Interactive Software IncCOM2,000$208.3K<0.1%−10,097−83.5%ReducedHistory
EQIXEquinix IncCOM320$209.6K<0.1%−150−31.9%ReducedHistory
EXASExact Sciences CorpCOM4,246$210.2K<0.1%+4,246NewHistory
ANETArista Networks, Inc.COM1,740$211.1K<0.1%+1,740NewHistory
INCYIncyte CorpCOM2,630$211.2K<0.1%+2,630NewHistory
SNASnap-on IncCOM930$212.5K<0.1%+930NewHistory
PRIPrimerica, Inc.Stock1,500$212.7K<0.1%+1,500NewHistory
CERTCertara, Inc.COM13,404$215.4K<0.1%+13,404NewHistory
LNCLincoln National CorpCOM7,070$217.2K<0.1%−9,850−58.2%ReducedHistory
GRMNGarmin LtdSHS2,354$217.3K<0.1%+2,354NewHistory
EAElectronic Arts Inc.COM1,780$217.5K<0.1%+1,780NewHistory
PNRPENTAIR plcSHS4,840$217.7K<0.1%+4,840NewHistory
DINOHF Sinclair CorpCOM4,230$219.5K<0.1%+4,230NewHistory
SRCSpirit Realty Capital, Inc.COM NEW5,590$223.2K<0.1%+5,590NewHistory
WENWendy's CoStock9,920$224.5K<0.1%−15,700−61.3%ReducedHistory
OSKOshkosh CorpCOM2,564$226.1K<0.1%+2,564NewHistory
PLTKPlaytika Holding Corp.COM26,590$226.3K<0.1%+26,590NewHistory
PKGPackaging Corp of AmericaStock1,790$229.0K<0.1%+1,790NewHistory
CECelanese CorpStock2,240$229.0K<0.1%+2,240NewHistory
NRGNRG Energy, Inc.Stock7,230$230.1K<0.1%+7,230NewHistory
CXTCrane NXT, Co.COM2,310$232.0K<0.1%+2,310NewHistory
RGENRepligen CorpCOM1,386$234.7K<0.1%+1,386NewHistory
LULUlululemon athletica inc.Stock734$235.2K<0.1%+734NewHistory
DTDynatrace, Inc.Stock6,176$236.5K<0.1%+6,176NewHistory
CBChubb LtdStock1,086$239.6K<0.1%+1,086NewHistory
OWLBlue Owl Capital Inc.COM CL A22,860$242.3K<0.1%−940−3.9%ReducedHistory
FANGDiamondback Energy, Inc.Stock1,784$244.0K<0.1%+1,784NewHistory
VEEVVeeva Systems IncStock1,514$244.3K<0.1%−976−39.2%ReducedHistory
OLNOLIN CorpStock4,624$244.8K<0.1%+4,624NewHistory
MAAMid America Apartment Communities Inc.COM1,610$252.8K<0.1%+1,610NewHistory
NEENextera Energy IncStock3,038$254.0K<0.1%−37,906−92.6%ReducedHistory
DBXDropbox, Inc.CL A11,436$255.9K<0.1%+11,436NewHistory
VSATViasat IncCOM8,296$262.6K<0.1%+8,296NewHistory
NTRANatera, Inc.COM6,594$264.9K<0.1%+6,594NewHistory
CHTRCharter Communications, Inc.CL A786$266.5K<0.1%+786NewHistory
RAREUltragenyx Pharmaceutical Inc.COM5,816$269.5K<0.1%+5,816NewHistory
CNPCenterpoint Energy IncCOM9,716$291.4K<0.1%+9,716NewHistory
OMCOmnicom Group Inc.COM3,590$292.8K<0.1%+3,590NewHistory
BDXBecton Dickinson & CoStock1,160$295.0K<0.1%+1,160NewHistory
SSRMSSR Mining Inc.Stock18,936$296.7K<0.1%+18,936NewHistory
GISGeneral Mills IncStock3,560$298.5K<0.1%+3,560NewHistory
PEGAPegasystems IncCOM8,770$300.3K<0.1%+8,770NewHistory
UPSTUpstart Holdings, Inc.COM22,744$300.7K<0.1%+22,744NewHistory
SLBSLB LimitedStock5,646$301.8K<0.1%−80,808−93.5%ReducedHistory
TFXTeleflex IncCOM1,214$303.1K<0.1%+1,214NewHistory
JWNNordstrom IncStock18,920$305.4K<0.1%+18,920NewHistory
BEPCBrookfield Renewable CorpCL A SUB VTG11,190$308.2K<0.1%+11,190NewHistory
MSMorgan StanleyStock3,637$309.2K<0.1%−164,072−97.8%ReducedHistory
AAgilent Technologies, Inc.COM2,100$314.3K<0.1%+300+16.7%AddedHistory
EGEverest Group, Ltd.COM990$328.0K<0.1%+990NewHistory
iShares Russell 2000 ETF464287655ETF1,888$329.2K<0.1%−20,126−91.4%Reduced–
SNPSSynopsys IncCOM1,081$345.2K<0.1%+1,081NewHistory
WWDWoodward, Inc.COM3,630$350.7K<0.1%+3,630NewHistory
WALWestern Alliance BancorporationCOM5,910$352.0K<0.1%+5,910NewHistory
ADSKAutodesk, Inc.COM1,890$353.2K<0.1%+510+37.0%AddedHistory
TROWPrice T Rowe Group IncStock3,280$357.7K<0.1%+3,280NewHistory
CPTCamden Property TrustREIT3,220$360.3K<0.1%+3,220NewHistory
ERIEErie Indemnity CoCL A1,476$367.1K<0.1%+1,476NewHistory
FITBFifth Third BancorpCOM11,230$368.5K<0.1%+11,230NewHistory
OMFOneMain Holdings, Inc.COM11,100$369.7K<0.1%+11,100NewHistory
BWABorgwarner IncCOM9,270$373.1K<0.1%−6,030−39.4%ReducedHistory
LVSLas Vegas Sands CorpCOM7,855$377.6K<0.1%+7,855NewHistory
PTVEPactiv Evergreen Inc.COM33,450$380.0K<0.1%+33,450NewHistory
CEGConstellation Energy CorpStock4,460$384.5K<0.1%+4,460NewHistory
LBRDKLiberty Broadband CorpCOM SER C5,150$392.8K<0.1%+5,150NewHistory
MTGMgic Investment CorpCOM30,370$394.8K<0.1%−7,710−20.2%ReducedHistory
METMetlife IncStock5,536$400.6K<0.1%−89,910−94.2%ReducedHistory
DRVNDriven Brands Holdings Inc.COM14,700$401.5K<0.1%+14,700NewHistory
ECLEcolab Inc.Stock2,770$403.2K<0.1%+2,770NewHistory
ENPHEnphase Energy, Inc.Stock1,540$408.0K<0.1%−2,030−56.9%ReducedHistory
DXCDXC Technology CoStock15,410$408.4K<0.1%+15,410NewHistory
SNVSynovus Financial CorpCOM NEW10,906$409.5K<0.1%+10,906NewHistory
RPRXRoyalty Pharma plcSHS CLASS A10,410$411.4K<0.1%−13,030−55.6%ReducedHistory
NVRNVR IncCOM90$415.1K<0.1%+90NewHistory
HLTHilton Worldwide Holdings Inc.COM3,300$417.0K<0.1%+3,300NewHistory
FWONALiberty Media CorpCOM SER A FRMLA7,820$417.8K<0.1%+7,820NewHistory
VVVValvoline IncCOM12,800$417.9K<0.1%+12,800NewHistory
MTBM&T Bank CorpCOM2,906$421.5K<0.1%+146+5.3%AddedHistory
RMDResmed IncCOM2,070$430.8K<0.1%+2,070NewHistory
JAZZJazz Pharmaceuticals plcSHS USD2,770$441.3K<0.1%+2,770NewHistory
FDXFedEx CorpStock2,554$442.4K<0.1%+314+14.0%AddedHistory
EVRGEvergy, Inc.Stock7,120$448.1K<0.1%−640−8.2%ReducedHistory
IRIngersoll Rand Inc.COM8,650$452.0K<0.1%+8,650NewHistory
ATVIActivision Blizzard, Inc.COM5,970$457.0K<0.1%+5,970NewHistory
UMPQUmpqua Holdings CorpCOM25,806$460.6K<0.1%+25,806NewHistory
KKellanovaStock6,476$461.4K<0.1%−17,533−73.0%ReducedHistory
PFGCPerformance Food Group CoCOM7,940$463.6K<0.1%+7,940NewHistory
QDELQuidelOrtho CorpCOM5,430$465.2K<0.1%+5,430NewHistory
XYLXylem Inc.COM4,220$466.6K<0.1%+4,220NewHistory
DTEDte Energy CoCOM3,980$467.8K<0.1%−3,580−47.4%ReducedHistory
BIIBBiogen Inc.COM1,690$468.0K<0.1%+1,690NewHistory
KMXCarMax IncCOM7,700$468.9K<0.1%+7,700NewHistory

Options (155)

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 155 by value.

Option positions of Capula Management Ltd in Q4 2022
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$535.6M$24.5M
MSFTMicrosoft CorpStock$179.0M$149.0M
AAPLApple Inc.Stock$137.0M$128.6M
UNHUnitedHealth Group IncStock$87.7M$110.9M
UPSUnited Parcel Service IncStock$148.8M$39.9M
BACBank of America CorpStock$102.2M$66.8M
State Street Financial Select Sector SPDR ETF81369Y605ETF$80.6M$81.7M
CSCOCisco Systems, Inc.Stock$78.8M$56.7M
AMZNAmazon Com IncStock$72.2M$60.7M
GOOGLAlphabet Inc.Stock$69.7M$61.0M
HONHoneywell International IncCOM$58.0M$62.7M
VanEck Semiconductor ETF92189F676ETF$89.1M$24.6M
DEDeere & CoStock$62.0M$41.6M
JPMJPMorgan Chase & CoStock$62.1M$41.3M
WMTWalmart Inc.Stock$66.1M$35.4M
iShares Russell 2000 ETF464287655ETF$89.8M$11.3M
KOCoca Cola CoStock$53.6M$38.9M
TXNTexas Instruments IncStock$58.2M$33.8M
CVSCVS Health CorpStock$50.5M$39.9M
IBMInternational Business Machines CorpStock$53.6M$33.1M
AMGNAmgen IncStock$53.0M$33.2M
XOMExxonMobil Holdings CorpCOM$75.3M$10.8M
MCDMcDonalds CorpStock$36.7M$43.1M
VVisa Inc.Stock$56.0M$20.7M
METAMeta Platforms, Inc.Stock$48.2M$25.8M
HDHome Depot, Inc.Stock$42.6M$29.8M
PEPPepsiCo IncStock$42.6M$21.3M
CVXChevron CorpStock$45.4M$15.3M
MSMorgan StanleyStock$31.7M$28.8M
PGProcter & Gamble CoStock$42.8M$17.3M
JNJJohnson & JohnsonStock$31.3M$27.9M
GSGoldman Sachs Group IncStock$23.8M$32.7M
TSLATesla, Inc.Stock$30.5M$25.5M
PFEPfizer IncStock$39.6M$15.6M
RTXRTX CorpStock$28.0M$25.1M
NVDANVIDIA CorpStock$31.4M$21.2M
EMREmerson Electric CoStock$32.9M$19.8M
SCHWSchwab Charles CorpStock$20.0M$28.5M
NFLXNetflix IncStock$28.9M$17.3M
MAMastercard IncStock$30.9M$14.6M
QCOMQualcomm IncStock$21.5M$21.8M
CMGChipotle Mexican Grill IncCOM$26.8M$16.4M
COSTCostco Wholesale CorpStock$24.8M$17.4M
BMYBristol Myers Squibb CoStock$22.6M$18.8M
ABTAbbott LaboratoriesStock$17.8M$22.5M
MRKMerck & Co., Inc.Stock$28.9M$10.9M
ABBVAbbVie Inc.Stock$13.3M$25.3M
UNPUnion Pacific CorpStock$18.6M$19.8M
CATCaterpillar IncStock$25.3M$12.0M
LLYEli Lilly & CoStock$32.4M$4.39M
DISWalt Disney CoStock$23.7M$12.3M
NSCNorfolk Southern CorpStock$18.6M$17.3M
CBChubb LtdStock$17.0M$17.0M
TMOThermo Fisher Scientific Inc.Stock$23.2M$10.7M
GDGeneral Dynamics CorpStock$16.0M$16.0M
CSXCSX CorpStock$18.9M$12.0M
STZConstellation Brands, Inc.Stock$15.9M$14.9M
LMTLockheed Martin CorpStock$13.5M$17.0M
DHRDanaher CorpStock$22.1M$7.11M
ADBEAdobe Inc.Stock$19.7M$9.09M
FDXFedEx CorpStock$25.8M$2.42M
GILDGilead Sciences, Inc.Stock$23.0M$5.19M
INTUIntuit Inc.Stock$13.6M$14.4M
NKENIKE, Inc.Stock$17.1M$10.5M
WFCWells Fargo & CompanyStock$11.9M$15.4M
NEENextera Energy IncStock$12.6M$13.4M
ETNEaton Corp plcStock$12.9M$12.9M
COPConocoPhillipsStock$17.6M$7.94M
AONAon plcCL A–$25.5M
CMCSAComcast CorpStock$10.4M$14.8M
SBUXStarbucks CorpStock$16.1M$8.75M
ITWIllinois Tool Works IncStock$12.3M$12.3M
CRMSalesforce, Inc.Stock$19.5M$4.68M
LVSLas Vegas Sands CorpCOM$24.0M–
AVGOBroadcom Inc.Stock$11.7M$11.6M
AMDAdvanced Micro Devices IncStock$22.6M–
CMICummins IncStock$15.5M$6.35M
MDTMedtronic plcStock$11.9M$9.07M
AMATApplied Materials IncStock$9.13M$11.6M
CCitigroup IncStock$11.3M$9.05M
DOVDOVER CorpCOM$10.2M$10.2M
INTCIntel CorpStock$8.60M$10.1M
Invesco QQQ Trust Series I46090E103ETF$18.1M–
ISRGIntuitive Surgical IncCOM NEW$3.71M$14.1M
TMUST-Mobile US, Inc.Stock$5.28M$12.3M
ASMLASML Holding NVADR–$17.2M
BAXBaxter International IncStock$8.45M$8.45M
ADIAnalog Devices IncStock$4.59M$11.5M
PMPhilip Morris International Inc.Stock$10.6M$5.16M
FISVFiserv IncStock$4.28M$11.0M
ROPRoper Technologies IncStock$7.60M$7.60M
KMIKinder Morgan, Inc.Stock$7.59M$7.59M
KMBKimberly Clark CorpStock$7.25M$7.25M
MMM3M CoStock$9.79M$4.41M
HSYHershey CoCOM$7.06M$7.06M
ORCLOracle CorpStock$8.67M$5.19M
LOWLowes Companies IncStock$4.70M$9.13M
ADPAutomatic Data Processing IncStock$3.01M$10.8M
MUMicron Technology IncStock–$13.8M
NTAPNetApp, Inc.Stock$6.80M$6.80M

Sold out since Q3 2022 (150)

Positions held at the end of Q3 2022 that are gone from this filing.

The largest 100 of 150 by value last quarter.

Positions of Capula Management Ltd sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 140,416$11.6M1.4%History
LMTLockheed Martin CorpStock29,888$11.5M1.4%History
State Street Health Care Select Sector SPDR ETF81369Y209ETF91,191$11.0M1.4%–
AVGOBroadcom Inc.Stock18,071$8.02M1.0%History
GEGeneral Electric CoStock102,207$6.33M0.8%History
ABBVAbbVie Inc.Stock44,397$5.96M0.7%History
LRCXLam Research CorpCOM15,974$5.85M0.7%History
VanEck Semiconductor ETF92189F676ETF29,231$5.41M0.7%–
ABTAbbott LaboratoriesStock54,809$5.30M0.7%History
iShares Tr46428743220 YR TR BD ETF50,200$5.14M0.6%–
RTXRTX CorpStock58,773$4.81M0.6%History
CLVTClarivate PLCORD SHS431,213$4.05M0.5%History
iShares Tr464287739U.S. REAL ES ETF49,315$4.01M0.5%–
MCHPMicrochip Technology IncStock64,939$3.96M0.5%History
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF27,320$3.89M0.5%–
TSMTaiwan Semiconductor Manufacturing Co LtdADR55,890$3.83M0.5%History
AMATApplied Materials IncStock43,102$3.53M0.4%History
State Street SPDR S&P Regional Banking ETF78464A698ETF54,704$3.22M0.4%–
IPInternational Paper CoCOM97,433$3.09M0.4%History
MPCMarathon Petroleum CorpStock30,975$3.08M0.4%History
State Street SPDR S&P Biotech ETF78464A870ETF38,171$3.03M0.4%–
MPTMedical Properties Trust IncCOM254,914$3.02M0.4%History
OXYOccidental Petroleum CorpStock48,874$3.00M0.4%History
HASHasbro, Inc.COM44,140$2.98M0.4%History
DHIHorton D R IncCOM41,160$2.77M0.3%History
WDCWestern Digital CorpCOM84,986$2.77M0.3%History
VLOValero Energy CorpStock25,331$2.71M0.3%History
WYNNWynn Resorts LtdCOM40,203$2.53M0.3%History
State Street Technology Select Sector SPDR ETF81369Y803ETF18,534$2.20M0.3%–
SABRSabre CorpCOM393,559$2.03M0.2%History
TRVTravelers Companies, Inc.Stock12,327$1.89M0.2%History
ARK Innovation ETF00214Q104ETF48,546$1.83M0.2%–
CHRWC. H. Robinson Worldwide, Inc.COM NEW17,924$1.73M0.2%History
KLACKLA CorpCOM NEW4,281$1.30M0.2%History
State Street Financial Select Sector SPDR ETF81369Y605ETF36,365$1.10M0.1%–
CFRCullen/Frost Bankers, Inc.COM7,610$1.01M0.1%History
ZENZendesk, Inc.COM13,120$998.0K0.1%History
PAYCPaycom Software, Inc.Stock2,920$964.0K0.1%History
RJFRaymond James Financial IncCOM9,760$964.0K0.1%History
MRNAModerna, Inc.Stock8,133$962.0K0.1%History
EOGEOG Resources IncStock8,605$961.0K0.1%History
BRKRBruker CorpCOM17,920$951.0K0.1%History
MSCIMSCI Inc.Stock2,210$932.0K0.1%History
ARESAres Management CorpCL A COM STK14,550$901.0K0.1%History
TRGPTarga Resources Corp.COM14,620$882.0K0.1%History
BCBrunswick CorpCOM13,440$880.0K0.1%History
VICIVici Properties Inc.COM28,640$855.0K0.1%History
DVNDevon Energy CorpStock13,836$832.0K0.1%History
LYVLive Nation Entertainment, Inc.COM10,940$832.0K0.1%History
SIVBSVB Financial GroupCOM2,460$826.0K0.1%History
AWIArmstrong World Industries IncCOM10,160$805.0K0.1%History
MPWRMonolithic Power Systems, Inc.COM2,210$803.0K0.1%History
DARDarling Ingredients Inc.COM12,070$798.0K0.1%History
MCKMcKesson CorpStock2,190$744.0K0.1%History
LOWLowes Companies IncStock3,854$724.0K0.1%History
PCTYPaylocity Holding CorpCOM2,940$710.0K0.1%History
ELEstee Lauder Companies IncCL A3,210$693.0K0.1%History
UIUbiquiti Inc.COM2,160$634.0K0.1%History
STTState Street CorpCOM10,060$612.0K0.1%History
HSTHost Hotels & Resorts, Inc.COM32,480$516.0K0.1%History
LNGCheniere Energy, Inc.COM NEW3,090$513.0K0.1%History
SCHWSchwab Charles CorpStock7,050$507.0K0.1%History
WSCWillScot Holdings CorpCOM CL A12,510$505.0K0.1%History
FTNTFortinet, Inc.Stock10,230$503.0K0.1%History
GOGrocery Outlet Holding Corp.COM15,110$503.0K0.1%History
GNRCGenerac Holdings Inc.Stock2,820$502.0K0.1%History
TGTTarget CorpStock3,360$499.0K0.1%History
TSCOTractor Supply CoCOM2,670$496.0K0.1%History
BILLBILL Holdings, Inc.Stock3,740$495.0K0.1%History
FCNCAFirst Citizens Bancshares IncCL A620$494.0K0.1%History
FHNFirst Horizon CorpCOM21,520$493.0K0.1%History
SNOWSnowflake Inc.Stock2,890$491.0K0.1%History
CMAComerica IncCOM6,900$491.0K0.1%History
DREDuke Realty CorpCOM NEW10,100$487.0K0.1%History
EWBCEast West Bancorp IncCOM7,240$486.0K0.1%History
PLDPrologis, Inc.REIT4,760$484.0K0.1%History
GOOGAlphabet Inc.Stock5,020$483.0K0.1%History
TTCToro CoCOM5,580$483.0K0.1%History
RGAReinsurance Group of America IncCOM NEW3,790$477.0K0.1%History
DOXAmdocs LtdSHS5,950$473.0K0.1%History
MTNVail Resorts IncCOM2,190$472.0K0.1%History
AEEAmeren CorpCOM5,640$454.0K0.1%History
SOSouthern CoStock6,640$452.0K0.1%History
HHyatt Hotels CorpCOM CL A5,550$449.0K0.1%History
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR36,294$448.0K0.1%History
PPLPPL CorpCOM17,450$442.0K0.1%History
SGENSeagen Inc.COM3,210$439.0K0.1%History
PANWPalo Alto Networks IncStock2,670$437.0K0.1%History
AESAES CorpStock19,130$432.0K0.1%History
HWMHowmet Aerospace Inc.Stock13,800$427.0K0.1%History
GPKGraphic Packaging Holding CoCOM21,480$424.0K0.1%History
PEGPublic Service Enterprise Group IncCOM7,450$419.0K0.1%History
LSILife Storage, Inc.COM3,750$415.0K0.1%History
SYYSysco CorpStock5,830$412.0K0.1%History
PHParker-Hannifin CorpStock1,650$400.0K<0.1%History
ESEversource EnergyStock5,050$394.0K<0.1%History
WSMWilliams Sonoma IncCOM3,330$392.0K<0.1%History
PFEPfizer IncStock8,827$386.0K<0.1%History
KDKyndryl Holdings, Inc.Stock46,150$382.0K<0.1%History
WIXWix.com Ltd.SHS4,730$370.0K<0.1%History