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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
NTRSNorthern Trust CorpCOM5,310$469.9K<0.1%+5,310NewHistory
SHWSherwin Williams CoCOM1,980$469.9K<0.1%+1,980NewHistory
DECKDeckers Outdoor CorpCOM1,180$471.0K<0.1%−460−28.0%ReducedHistory
DLRDigital Realty Trust, Inc.COM4,700$471.3K<0.1%+4,700NewHistory
CPAYCorpay, Inc.COM2,566$471.3K<0.1%+2,566NewHistory
DDominion Energy, IncStock7,724$473.6K<0.1%+7,724NewHistory
ANSSAnsys IncCOM1,964$474.5K<0.1%−4,112−67.7%ReducedHistory
ETREntergy CorpCOM4,224$475.2K<0.1%+4,224NewHistory
NSCNorfolk Southern CorpStock1,934$476.6K<0.1%−16,341−89.4%ReducedHistory
NNNNNN REIT, Inc.REIT10,456$478.5K<0.1%−1,374−11.6%ReducedHistory
PNWPinnacle West Capital CorpCOM6,300$479.1K<0.1%+6,300NewHistory
IDXXIDEXX Laboratories IncCOM1,176$479.8K<0.1%−1,724−59.4%ReducedHistory
HPPHudson Pacific Properties, Inc.COM49,320$479.9K<0.1%+49,320NewHistory
PLNTPlanet Fitness, Inc.CL A6,090$479.9K<0.1%−1,240−16.9%ReducedHistory
CORCencora, Inc.Stock2,910$482.2K<0.1%+1,300+80.7%AddedHistory
HOLXHologic IncCOM6,474$484.3K0.1%+6,474NewHistory
FASTFastenal CoStock10,244$484.7K0.1%+10,244NewHistory
UDRUDR, Inc.COM12,554$486.2K0.1%+12,554NewHistory
DNBDun & Bradstreet Holdings, Inc.COM39,834$488.4K0.1%+39,834NewHistory
OCOwens CorningStock5,726$488.4K0.1%+5,726NewHistory
WMSAdvanced Drainage Systems, Inc.COM5,974$489.7K0.1%+1,894+46.4%AddedHistory
BRK.BBerkshire Hathaway IncStock1,586$489.9K0.1%+1,586NewHistory
URIUnited Rentals, Inc.COM1,380$490.5K0.1%+420+43.8%AddedHistory
ALLYAlly Financial Inc.Stock20,114$491.8K0.1%+20,114NewHistory
EMNEastman Chemical CoStock6,054$493.0K0.1%+6,054NewHistory
AXTAAxalta Coating Systems Ltd.COM19,406$494.3K0.1%+19,406NewHistory
EBAYeBay IncCOM11,930$494.7K0.1%−10,150−46.0%ReducedHistory
NYTNew York Times CoCL A15,260$495.3K0.1%+15,260NewHistory
ZZillow Group, Inc.CL C CAP STK15,380$495.4K0.1%+15,380NewHistory
OGNOrganon & Co.Stock17,756$495.9K0.1%+17,756NewHistory
AAPAdvance Auto Parts IncCOM3,374$496.1K0.1%+3,374NewHistory
DEDeere & CoStock1,160$497.4K0.1%+1,160NewHistory
VMCVulcan Materials COCOM2,846$498.4K0.1%+2,846NewHistory
POSTPost Holdings, Inc.COM5,530$499.1K0.1%+5,530NewHistory
APOApollo Global Management, Inc.COM7,864$501.6K0.1%−966−10.9%ReducedHistory
COUPCoupa Software IncCOM6,360$503.5K0.1%+6,360NewHistory
XYZBlock, Inc.CL A8,030$504.6K0.1%+8,030NewHistory
RRCRange Resources CorpCOM20,230$506.2K0.1%+20,230NewHistory
CZRCaesars Entertainment, Inc.COM12,234$508.9K0.1%+12,234NewHistory
BBWIBath & Body Works, Inc.COM12,100$509.9K0.1%+12,100NewHistory
LENLennar CorpCL A5,686$514.6K0.1%+3,006+112.2%AddedHistory
CUZCousins Properties IncCOM NEW20,350$514.7K0.1%+20,350NewHistory
WDAYWorkday, Inc.CL A3,116$521.4K0.1%+3,116NewHistory
BKRBaker Hughes CoCL A17,680$522.1K0.1%+17,680NewHistory
PPCPilgrims Pride CorpStock22,020$522.5K0.1%+22,020NewHistory
MOHMolina Healthcare, Inc.COM1,590$525.0K0.1%−1,400−46.8%ReducedHistory
HALHalliburton CoStock13,486$530.7K0.1%+13,486NewHistory
ADTADT Inc.COM58,510$530.7K0.1%+58,510NewHistory
IFFInternational Flavors & Fragrances IncCOM5,066$531.1K0.1%+5,066NewHistory
AZEKAZEK Co Inc.CL A26,156$531.5K0.1%+26,156NewHistory
WSTWest Pharmaceutical Services IncCOM2,290$539.0K0.1%−1,350−37.1%ReducedHistory
DUKDuke Energy CORPStock5,280$543.8K0.1%−13,299−71.6%ReducedHistory
DTMDT Midstream, Inc.COMMON STOCK9,850$544.3K0.1%+9,850NewHistory
EHCEncompass Health CorpCOM9,116$545.2K0.1%+9,116NewHistory
UTHRUnited Therapeutics CorpCOM1,970$547.8K0.1%+1,970NewHistory
COMPCompass, Inc.CL A238,640$556.0K0.1%+238,640NewHistory
MKTXMarketaxess Holdings IncCOM2,030$566.1K0.1%+2,030NewHistory
SCIService Corp InternationalCOM8,220$568.3K0.1%+8,220NewHistory
PMPhilip Morris International Inc.Stock5,699$576.8K0.1%+5,699NewHistory
TWLOTwilio IncCL A12,050$590.0K0.1%+12,050NewHistory
HEI.AHeico CorpCL A4,944$592.5K0.1%+4,944NewHistory
NNINelnet IncCL A6,630$601.7K0.1%+6,630NewHistory
SANASana Biotechnology, Inc.COM152,990$604.3K0.1%+152,990NewHistory
NEMNEWMONT CorpStock12,806$604.4K0.1%+1,006+8.5%AddedHistory
RVTYRevvity, Inc.COM4,326$606.6K0.1%+4,326NewHistory
KNTKKinetik Holdings Inc.COM NEW CL A18,380$608.0K0.1%+18,380NewHistory
COTYCoty Inc.COM CL A73,370$628.0K0.1%+73,370NewHistory
CARAvis Budget Group, Inc.COM3,910$641.0K0.1%+3,910NewHistory
HOODRobinhood Markets, Inc.Stock81,140$660.5K0.1%+81,140NewHistory
DPZDominos Pizza IncCOM1,910$661.6K0.1%+1,070+127.4%AddedHistory
LTHLife Time Group Holdings, Inc.COMMON STOCK55,860$668.1K0.1%+55,860NewHistory
UALUnited Airlines Holdings, Inc.COM17,740$668.8K0.1%+17,740NewHistory
NKLANikola CorpCOM314,630$679.6K0.1%+314,630NewHistory
BLDRBuilders FirstSource, Inc.Stock10,554$684.7K0.1%+6,254+145.4%AddedHistory
LUMNLumen Technologies, Inc.Stock131,210$684.9K0.1%+131,210NewHistory
RRyder System IncCOM8,330$696.1K0.1%+8,330NewHistory
ALSumisho Air Lease CorpCL A18,640$716.1K0.1%−3,810−17.0%ReducedHistory
CNNECannae Holdings, Inc.COM35,100$724.8K0.1%+35,100NewHistory
DMCDel Monte CorpORD27,800$728.1K0.1%+27,800NewHistory
LPLALPL Financial Holdings Inc.COM3,370$728.5K0.1%+3,370NewHistory
PINCPremier, Inc.CL A20,850$729.3K0.1%−1,640−7.3%ReducedHistory
KDPKeurig Dr Pepper Inc.COM21,148$754.1K0.1%+21,148NewHistory
EGPEastgroup Properties IncCOM5,180$767.0K0.1%+3,560+219.8%AddedHistory
EVREvercore Inc.CLASS A7,084$772.7K0.1%+7,084NewHistory
LYFTLyft, Inc.CL A COM70,354$775.3K0.1%+31,964+83.3%AddedHistory
UWMCUWM Holdings CorpCOM CL A234,770$777.1K0.1%+234,770NewHistory
LGNDLigand Pharmaceuticals IncCOM NEW11,640$777.6K0.1%+11,640NewHistory
PBFPBF Energy Inc.CL A19,560$797.7K0.1%+19,560NewHistory
SFLSFL Corp Ltd.SHS86,940$801.6K0.1%+86,940NewHistory
KOSKosmos Energy Ltd.COM126,370$803.7K0.1%+126,370NewHistory
CABOCable One, Inc.COM1,136$808.7K0.1%+1,136NewHistory
Signature BK New York N Y82669G104COM7,060$813.5K0.1%+1,000+16.5%Added–
BXPBXP, Inc.COM12,040$813.7K0.1%+12,040NewHistory
SAFESafehold Inc.COM28,510$816.0K0.1%+28,510NewHistory
PKPark Hotels & Resorts Inc.COM69,450$818.8K0.1%+51,280+282.2%AddedHistory
GAPGap IncCOM72,780$821.0K0.1%+72,780NewHistory
GMGeneral Motors CoCOM24,540$825.5K0.1%−60,123−71.0%ReducedHistory
SAMBoston Beer Co IncCL A2,510$827.1K0.1%+2,510NewHistory
VOYAVoya Financial, Inc.COM13,500$830.1K0.1%+13,500NewHistory
RESRPC IncCOM93,430$830.6K0.1%+93,430NewHistory

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