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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Nov 3, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
312
+49 vs. Q2 2023
Portfolio value
$1.54B
+$704.3M (+84.8%) vs. Q2 2023
Filed
Nov 3, 2023
SEC
Holdings of Capula Management Ltd in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
KRKroger CoStock10,480$469.0K<0.1%+10,480NewHistory
GWREGuidewire Software, Inc.COM5,220$469.8K<0.1%+5,220NewHistory
GOGrocery Outlet Holding Corp.COM16,340$471.4K<0.1%+8,420+106.3%AddedHistory
HSTHost Hotels & Resorts, Inc.COM29,340$471.5K<0.1%+29,340NewHistory
HOLXHologic IncCOM6,800$471.9K<0.1%+3,880+132.9%AddedHistory
TGTTarget CorpStock4,300$475.5K<0.1%+640+17.5%AddedHistory
EMEEMCOR Group, Inc.Stock2,260$475.5K<0.1%+1,100+94.8%AddedHistory
AGCOAGCO CorpCOM4,020$475.5K<0.1%+4,020NewHistory
BXBlackstone Inc.COM4,440$475.7K<0.1%+4,440NewHistory
PRUPrudential Financial IncStock5,040$478.2K<0.1%+660+15.1%AddedHistory
CBRECbre Group, Inc.CL A6,480$478.6K<0.1%+3,420+111.8%AddedHistory
WRBBerkley W R CorpCOM7,540$478.7K<0.1%+7,540NewHistory
FERGFerguson Enterprises Inc.SHS2,920$480.3K<0.1%+1,260+75.9%AddedHistory
KSSKOHLS CorpStock22,940$480.8K<0.1%−14,600−38.9%ReducedHistory
HUNHuntsman CORPCOM19,720$481.2K<0.1%+19,720NewHistory
VRSNVerisign IncCOM2,380$482.0K<0.1%+2,380NewHistory
CHHChoice Hotels International IncCOM3,940$482.7K<0.1%+3,940NewHistory
AAgilent Technologies, Inc.COM4,320$483.1K<0.1%+4,320NewHistory
IRDMIridium Communications Inc.COM10,620$483.1K<0.1%+10,620NewHistory
EGEverest Group, Ltd.COM1,300$483.2K<0.1%+1,300NewHistory
MASMasco CorpCOM9,040$483.2K<0.1%+3,740+70.6%AddedHistory
WCCWesco International IncCOM3,360$483.2K<0.1%+3,360NewHistory
ROSTRoss Stores, Inc.COM4,280$483.4K<0.1%+4,280NewHistory
MDBMongoDB, Inc.CL A1,400$484.2K<0.1%+1,400NewHistory
SYFSynchrony FinancialCOM15,860$484.8K<0.1%+15,860NewHistory
LYBLyondellBasell Industries N.V.SHS - A -5,120$484.9K<0.1%+5,120NewHistory
LPXLouisiana-Pacific CorpCOM8,780$485.3K<0.1%+8,780NewHistory
PSXPhillips 66Stock4,040$485.4K<0.1%+4,040NewHistory
OCOwens CorningStock3,560$485.6K<0.1%−160−4.3%ReducedHistory
ADMArcher-Daniels-Midland CoStock6,440$485.7K<0.1%+6,440NewHistory
FANGDiamondback Energy, Inc.Stock3,140$486.3K<0.1%+3,140NewHistory
HUMHumana IncStock1,000$486.5K<0.1%−100−9.1%ReducedHistory
HCAHCA Healthcare, Inc.COM1,980$487.0K<0.1%+1,980NewHistory
VLOValero Energy CorpStock3,440$487.5K<0.1%+3,440NewHistory
DVNDevon Energy CorpStock10,220$487.5K<0.1%+10,220NewHistory
ELVElevance Health, Inc.Stock1,120$487.7K<0.1%+1,120NewHistory
AZEKAZEK Co Inc.CL A16,400$487.7K<0.1%+16,400NewHistory
WSTWest Pharmaceutical Services IncCOM1,300$487.8K<0.1%00.0%UnchangedHistory
DASHDoorDash, Inc.Stock6,140$487.9K<0.1%+6,140NewHistory
UNMUnum GroupStock9,920$488.0K<0.1%+3,260+48.9%AddedHistory
BLDRBuilders FirstSource, Inc.Stock3,920$488.0K<0.1%−5,240−57.2%ReducedHistory
METMetlife IncStock7,760$488.2K<0.1%+7,760NewHistory
CNCCentene CorpStock7,100$489.0K<0.1%+7,100NewHistory
BHFBrighthouse Financial, Inc.COM10,000$489.4K<0.1%+300+3.1%AddedHistory
MSIMotorola Solutions, Inc.Stock1,800$490.0K<0.1%+1,800NewHistory
AGOAssured Guaranty LtdCOM8,100$490.2K<0.1%−880−9.8%ReducedHistory
BBYBest Buy Co IncStock7,060$490.5K<0.1%+7,060NewHistory
NUENucor CorpCOM3,140$490.9K<0.1%+3,140NewHistory
UBERUber Technologies, IncStock10,700$492.1K<0.1%+10,700NewHistory
MPCMarathon Petroleum CorpStock3,260$493.4K<0.1%+3,260NewHistory
JDJD.com, Inc.SPON ADS CL A16,981$494.7K<0.1%+16,981NewHistory
GTLBGitlab Inc.CLASS A COM10,940$494.7K<0.1%+10,940NewHistory
XUnited States Steel CorpCOM15,240$495.0K<0.1%+15,240NewHistory
PXDPioneer Natural Resources CoCOM2,160$495.8K<0.1%−180−7.7%ReducedHistory
FCNCAFirst Citizens Bancshares IncCL A360$496.8K<0.1%+360NewHistory
TTDTrade Desk, Inc.Stock6,360$497.0K<0.1%+5,949+1,447.4%AddedHistory
MOHMolina Healthcare, Inc.COM1,520$498.4K<0.1%−60−3.8%ReducedHistory
KKRKKR & Co. Inc.COM8,100$499.0K<0.1%+8,100NewHistory
STLDSteel Dynamics IncCOM4,660$499.6K<0.1%+140+3.1%AddedHistory
APOApollo Global Management, Inc.COM5,600$502.7K<0.1%+5,600NewHistory
ADIAnalog Devices IncStock3,037$531.7K<0.1%+3,037NewHistory
OPENOpendoor Technologies Inc.COM208,120$549.4K<0.1%+208,120NewHistory
RBLXRoblox CorpStock18,987$549.9K<0.1%+18,987NewHistory
KLACKLA CorpCOM NEW1,210$555.0K<0.1%+1,210NewHistory
SDGRSchrodinger, Inc.COM19,900$562.6K<0.1%−20−0.1%ReducedHistory
SESea LtdSPONSORD ADS13,000$571.4K<0.1%+2,000+18.2%AddedHistory
AVGOBroadcom Inc.Stock693$575.6K<0.1%+693NewHistory
BACBank of America CorpStock22,191$607.6K<0.1%+10,062+83.0%AddedHistory
VYXNCR Voyix CorpCOM22,860$616.5K<0.1%+22,860NewHistory
IOVAIovance Biotherapeutics, Inc.COM140,060$637.3K<0.1%+58,540+71.8%AddedHistory
NKLANikola CorpCOM409,091$642.3K<0.1%+409,091NewHistory
MDLZMondelez International, Inc.Stock9,272$643.5K<0.1%+3,734+67.4%AddedHistory
RIVNRivian Automotive, Inc.Stock27,160$659.4K<0.1%−100−0.4%ReducedHistory
ALBAlbemarle CorpStock3,900$663.2K<0.1%+640+19.6%AddedHistory
RUNSunrun Inc.COM56,060$704.1K<0.1%+56,060NewHistory
ECHOEchoStar CORPCL A42,120$705.5K<0.1%+42,120NewHistory
CMPCompass Minerals International IncStock25,840$722.2K<0.1%+25,840NewHistory
OGNOrganon & Co.Stock42,060$730.2K<0.1%+42,060NewHistory
WWayfair Inc.CL A12,082$731.8K<0.1%−4,478−27.0%ReducedHistory
PGProcter & Gamble CoStock5,022$732.5K<0.1%+5,022NewHistory
AALAmerican Airlines Group Inc.Stock57,340$734.5K<0.1%+57,340NewHistory
VVisa Inc.Stock3,201$736.3K<0.1%+3,201NewHistory
CVNACarvana Co.CL A17,920$752.3K<0.1%−65,420−78.5%ReducedHistory
CALYCallaway Golf CoCOM54,800$758.4K<0.1%+54,800NewHistory
DANDANA IncCOM52,740$773.7K0.1%+12,180+30.0%AddedHistory
MEDMedifast IncCOM10,400$778.4K0.1%+10,400NewHistory
OSCROscar Health, Inc.CL A140,260$781.2K0.1%+140,260NewHistory
CARSCars.com Inc.COM47,120$794.4K0.1%+47,120NewHistory
EVGOEVgo Inc.CL A COM235,840$797.1K0.1%+235,840NewHistory
DNLIDenali Therapeutics Inc.COM38,720$798.8K0.1%+38,720NewHistory
ARVNArvinas, Inc.COM41,160$808.4K0.1%+41,160NewHistory
NWLNewell Brands Inc.Stock90,580$817.9K0.1%+90,580NewHistory
GHGuardant Health, Inc.COM28,140$834.1K0.1%+28,140NewHistory
CMCSAComcast CorpStock18,911$838.5K0.1%+18,911NewHistory
UDRUDR, Inc.COM23,520$839.0K0.1%+23,520NewHistory
ADNTAdient plcStock23,040$845.6K0.1%+23,040NewHistory
MDCSekisui House U.S., Inc.COM20,560$847.7K0.1%+6,260+43.8%AddedHistory
GISGeneral Mills IncStock13,465$861.6K0.1%+13,465NewHistory
XNCRXencor IncCOM42,820$862.8K0.1%+42,820NewHistory
OPKOpko Health, Inc.COM540,540$864.9K0.1%+167,860+45.0%AddedHistory

Options (109)

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 109 by value.

Option positions of Capula Management Ltd in Q3 2023
SecurityClassPutsCalls
Invesco QQQ Trust Series I46090E103ETF$655.8M$632.2M
SPYSPDR S&P 500 ETF TrustETF$253.9M–
AAPLApple Inc.Stock$79.7M$109.2M
TSLATesla, Inc.Stock$72.0M$97.8M
MSFTMicrosoft CorpStock$72.8M$79.4M
VanEck Semiconductor ETF92189F676ETF$43.5M$43.5M
GOOGLAlphabet Inc.Stock$38.2M$24.8M
GSGoldman Sachs Group IncStock$3.56M$52.1M
CVXChevron CorpStock$30.0M$24.1M
iShares Tr464288752US HOME CONS ETF$23.5M$23.5M
TXNTexas Instruments IncStock$39.8M$4.02M
AMZNAmazon Com IncStock$22.7M$20.2M
TJXTJX Companies IncStock–$37.4M
DDDuPont de Nemours, Inc.COM–$37.3M
UPSUnited Parcel Service IncStock$32.0M–
KOCoca Cola CoStock$16.2M$15.4M
BACBank of America CorpStock$4.12M$27.2M
VSTVistra Corp.Stock$11.6M$17.9M
CSCOCisco Systems, Inc.Stock$9.07M$20.0M
HZNPHorizon Therapeutics Public Ltd CoSHS–$26.0M
WMTWalmart Inc.Stock$17.9M$7.82M
PMPhilip Morris International Inc.Stock$546.2K$23.7M
XOMExxonMobil Holdings CorpCOM$10.4M$10.4M
METAMeta Platforms, Inc.Stock$11.7M$6.15M
AMDAdvanced Micro Devices IncStock$11.6M$5.98M
GPNGlobal Payments IncStock–$17.3M
LMTLockheed Martin CorpStock$8.59M$8.59M
MAMastercard IncStock$9.50M$6.73M
CMCSAComcast CorpStock$7.38M$8.73M
NVDANVIDIA CorpStock$9.96M$6.00M
MSMorgan StanleyStock$7.51M$7.51M
METMetlife IncStock–$12.6M
USBUS Bancorp DECOM NEW–$12.4M
PPLPPL CorpCOM–$11.8M
LRCXLam Research CorpCOM$7.65M$3.76M
NFLXNetflix IncStock$8.01M$3.17M
AMGNAmgen IncStock$7.12M$3.79M
ADPAutomatic Data Processing IncStock$8.20M$2.33M
IBMInternational Business Machines CorpStock$8.03M$2.36M
EBAYeBay IncCOM$5.93M$4.41M
CVSCVS Health CorpStock$5.10M$5.24M
NKENIKE, Inc.Stock$4.78M$4.78M
QCOMQualcomm IncStock$6.59M$2.97M
ATVIActivision Blizzard, Inc.COM$9.36M–
COSTCostco Wholesale CorpStock$4.86M$4.46M
BKNGBooking Holdings Inc.Stock$5.86M$2.78M
ASMLASML Holding NVADR$5.71M$2.41M
MTCHMatch Group, Inc.COM$7.83M–
ISRGIntuitive Surgical IncCOM NEW$6.84M$730.7K
PDDPDD Holdings Inc.SPONSORED ADS$6.84M$510.0K
SGENSeagen Inc.COM$6.36M–
KMXCarMax IncCOM$6.36M–
CRMSalesforce, Inc.Stock$2.07M$4.08M
MUMicron Technology IncStock$3.19M$2.89M
ALGNAlign Technology IncCOM$2.87M$2.53M
FITBFifth Third BancorpCOM–$5.07M
AVGOBroadcom Inc.Stock$2.49M$2.49M
GISGeneral Mills IncStock$2.24M$2.24M
SBUXStarbucks CorpStock$2.87M$1.58M
NEENextera Energy IncStock$492.7K$3.92M
HPQHP IncStock$1.93M$1.93M
INTCIntel CorpStock$1.89M$1.92M
ADBEAdobe Inc.Stock$2.86M$764.9K
MDLZMondelez International, Inc.Stock$3.03M$340.1K
JPMJPMorgan Chase & CoStock$1.67M$1.65M
RBLXRoblox CorpStock$3.22M–
ABNBAirbnb, Inc.Stock$3.14M–
JNJJohnson & JohnsonStock$1.59M$1.54M
AMATApplied Materials IncStock$2.52M$276.9K
VVisa Inc.Stock$1.36M$1.33M
LLYEli Lilly & CoStock$1.29M$1.24M
PGProcter & Gamble CoStock$1.24M$1.27M
SNOWSnowflake Inc.Stock$2.29M–
UNHUnitedHealth Group IncStock$453.8K$1.76M
HDHome Depot, Inc.Stock$1.09M$1.09M
MRKMerck & Co., Inc.Stock$947.1K$936.8K
ADIAnalog Devices IncStock$1.87M–
ABBVAbbVie Inc.Stock$924.2K$924.2K
PEPPepsiCo IncStock$931.9K$915.0K
INTUIntuit Inc.Stock$1.79M–
REGNRegeneron Pharmaceuticals, Inc.COM$1.65M–
KLACKLA CorpCOM NEW$1.61M–
WDCWestern Digital CorpCOM$1.48M–
TMOThermo Fisher Scientific Inc.Stock$759.3K$708.6K
PFEPfizer IncStock$733.1K$733.1K
HONHoneywell International IncCOM$517.3K$942.2K
MCDMcDonalds CorpStock$684.9K$737.6K
EAElectronic Arts Inc.COM$228.8K$1.18M
CRWDCrowdStrike Holdings, Inc.Stock$703.0K$703.0K
ABTAbbott LaboratoriesStock$707.0K$678.0K
ACNAccenture plcStock$675.6K$675.6K
LINLinde PLCStock$670.2K$670.2K
BABAAlibaba Group Holding LtdADR–$1.30M
TGTTarget CorpStock$475.5K$818.2K
WFCWells Fargo & CompanyStock$625.2K$612.9K
JDJD.com, Inc.SPON ADS CL A$1.17M–
DISWalt Disney CoStock$591.7K$559.2K
ORCLOracle CorpStock$561.4K$561.4K
DHRDanaher CorpStock$527.8K$527.8K
VZVerizon Communications IncStock$486.1K$492.6K

Sold out since Q2 2023 (167)

Positions held at the end of Q2 2023 that are gone from this filing.

The largest 100 of 167 by value last quarter.

Positions of Capula Management Ltd sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
Vanguard Intermediate-Term Corporate Bond ETF92206C870ETF2,401,433$189.8M22.8%–
iShares Tr464287234MSCI EMG MKT ETF260,200$10.3M1.2%–
DICEDICE Therapeutics, Inc.COM213,800$9.93M1.2%History
ISEEIVERIC bio, Inc.COM211,500$8.32M1.0%History
UNVRUnivar Solutions Inc.COM181,507$6.51M0.8%History
SYNHSyneos Health, Inc.CL A142,507$6.01M0.7%History
ABBVAbbVie Inc.Stock33,604$4.53M0.5%History
BMYBristol Myers Squibb CoStock70,603$4.52M0.5%History
IMGNImmunoGen, Inc.COM111,320$2.10M0.3%History
CAGConagra Brands Inc.Stock50,208$1.69M0.2%History
UPSTUpstart Holdings, Inc.COM42,580$1.52M0.2%History
WSCWillScot Holdings CorpCOM CL A23,900$1.14M0.1%History
ETRNMidstream Co LLCCOM118,120$1.13M0.1%History
KIMKimco Realty CorpCOM51,780$1.02M0.1%History
MODModine Manufacturing CoCOM30,420$1.00M0.1%History
iShares Russell 2000 ETF464287655ETF5,328$997.8K0.1%–
UNHUnitedHealth Group IncStock1,866$896.9K0.1%History
COINCoinbase Global, Inc.COM CL A12,200$872.9K0.1%History
PLABPhotronics IncCOM32,680$842.8K0.1%History
PFSProvident Financial Services IncCOM49,167$803.4K0.1%History
IDCCInterDigital, Inc.COM8,180$789.8K0.1%History
GFFGriffon CorpCOM19,440$783.4K0.1%History
CCChemours CoStock21,200$782.1K0.1%History
TEXTerex CorpStock13,040$780.2K0.1%History
CARAvis Budget Group, Inc.COM3,380$772.9K0.1%History
ABRArbor Realty Trust IncCOM51,060$756.7K0.1%History
UDMYUdemy, Inc.COM70,420$755.6K0.1%History
TMHCTaylor Morrison Home CorpCOM15,360$749.1K0.1%History
AFRMAffirm Holdings, Inc.COM CL A48,780$747.8K0.1%History
GPORGulfport Energy CorpCOMMON SHARES7,060$741.8K0.1%History
CWHCamping World Holdings, Inc.CL A24,180$727.8K0.1%History
PHMPultegroup IncCOM9,240$717.8K0.1%History
VSHVishay Intertechnology IncCOM24,300$714.4K0.1%History
TPHTri Pointe Homes, Inc.COM21,480$705.8K0.1%History
DYDycom Industries IncCOM6,180$702.4K0.1%History
LTHMLivent Corp.COM25,400$696.7K0.1%History
AGIOAgios Pharmaceuticals, Inc.COM24,380$690.4K0.1%History
SGRYSurgery Partners, Inc.Stock15,240$685.6K0.1%History
NAVINavient CorpCOM36,540$678.9K0.1%History
MSTRStrategy IncStock1,960$671.1K0.1%History
HTZHertz Global Holdings, IncCOM NEW36,420$669.8K0.1%History
SLMSLM CorpCOM40,920$667.8K0.1%History
GERNGeron CorpCOM207,620$666.5K0.1%History
WMBWilliams Companies, Inc.COM20,400$665.7K0.1%History
THOThor Industries IncCOM6,400$662.4K0.1%History
ODPODP CorpCOM14,080$659.2K0.1%History
WORWorthington Enterprises, Inc.COM9,460$657.2K0.1%History
MFAMfa Financial, Inc.COM58,200$654.2K0.1%History
VSATViasat IncCOM15,760$650.3K0.1%History
PMTPennyMac Mortgage Investment TrustCOM48,200$649.7K0.1%History
BPMCBlueprint Medicines CorpCOM10,280$649.7K0.1%History
HCCWarrior Met Coal, Inc.COM16,680$649.7K0.1%History
MRNAModerna, Inc.Stock5,347$649.7K0.1%History
ACTEnact Holdings, Inc.COM25,840$649.4K0.1%History
CNRCore Natural Resources, Inc.COM9,560$648.3K0.1%History
PRGPROG Holdings, Inc.Stock19,920$639.8K0.1%History
TNCTennant CoCOM7,860$637.5K0.1%History
MGRCMcGrath RentcorpCOM6,880$636.3K0.1%History
WNCWabash National CorpCOM24,720$633.8K0.1%History
CDPCopt Defense PropertiesREIT26,200$622.3K0.1%History
AMRAlpha Metallurgical Resources, Inc.COM3,780$621.3K0.1%History
GEGeneral Electric CoStock5,631$618.6K0.1%History
RGAReinsurance Group of America IncCOM NEW4,440$615.8K0.1%History
ACHAccendra Health IncStock32,200$613.1K0.1%History
OIO-I Glass, Inc.COM28,500$607.9K0.1%History
GBXGreenbrier Companies IncStock14,020$604.3K0.1%History
PEBPebblebrook Hotel TrustCOM43,080$600.5K0.1%History
KBHKB HomeCOM11,540$596.7K0.1%History
SKXSkechers USA IncCL A11,300$595.1K0.1%History
LTCLTC Properties IncREIT17,900$591.1K0.1%History
Clearway Energy, Inc.18539C105CL A21,420$578.3K0.1%–
XRXXerox Holdings CorpCOM NEW38,840$578.3K0.1%History
HOGHarley-Davidson, Inc.COM16,180$569.7K0.1%History
SASRSandy Spring Bancorp IncCOM25,040$567.9K0.1%History
ARWRArrowhead Pharmaceuticals, Inc.COM15,560$554.9K0.1%History
AXSMAxsome Therapeutics, Inc.COM7,720$554.8K0.1%History
BTUPeabody Energy CorpCOM24,960$540.6K0.1%History
TNKTeekay Tankers Ltd.CL A13,620$520.7K0.1%History
PNTPOINT Biopharma Global Inc.COM57,140$517.7K0.1%History
SBGISinclair, Inc.CL A37,020$511.6K0.1%History
PEGAPegasystems IncCOM10,320$508.8K0.1%History
MSGSMadison Square Garden Sports Corp.CL A2,700$507.7K0.1%History
MSCIMSCI Inc.Stock1,080$506.8K0.1%History
ENPHEnphase Energy, Inc.Stock3,020$505.8K0.1%History
MANHManhattan Associates IncStock2,520$503.7K0.1%History
HLTHilton Worldwide Holdings Inc.COM3,460$503.6K0.1%History
FSLRFirst Solar, Inc.Stock2,640$501.8K0.1%History
CHRWC. H. Robinson Worldwide, Inc.COM NEW5,300$500.1K0.1%History
WSMWilliams Sonoma IncCOM3,980$498.1K0.1%History
BBWIBath & Body Works, Inc.COM13,280$498.0K0.1%History
LMTLockheed Martin CorpStock1,080$497.2K0.1%History
AIRCApartment Income REIT Corp.COM13,760$496.6K0.1%History
PCTYPaylocity Holding CorpCOM2,680$494.5K0.1%History
HSYHershey CoCOM1,980$494.4K0.1%History
RMDResmed IncCOM2,260$493.8K0.1%History
DKSDick's Sporting Goods, Inc.Stock3,720$491.7K0.1%History
BURLBurlington Stores, Inc.COM3,120$491.1K0.1%History
PDCEPDC Energy, Inc.COM6,900$490.9K0.1%History
LIILennox International IncCOM1,500$489.1K0.1%History
WSOWatsco IncCOM1,280$488.3K0.1%History