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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
NEWRNew Relic, Inc.COM163,919$14.0M0.9%+163,919NewHistory
SGENSeagen Inc.COM69,000$14.6M1.0%+69,000NewHistory
UPSUnited Parcel Service IncStock120,922$18.8M1.2%+118,242+4,412.0%AddedHistory
GOOGAlphabet Inc.Stock203,700$26.9M1.7%−360−0.2%ReducedHistory
HZNPHorizon Therapeutics Public Ltd CoSHS242,048$28.0M1.8%+177,408+274.5%AddedHistory
AAPLApple Inc.Stock166,852$28.6M1.9%+166,852NewHistory
ATVIActivision Blizzard, Inc.COM360,000$33.7M2.2%+360,000NewHistory
Invesco QQQ Trust Series I46090E103ETF144,902$51.9M3.4%−131,298−47.5%Reduced–
AMZNAmazon Com IncStock678,009$86.2M5.6%+678,009NewHistory
METAMeta Platforms, Inc.Stock308,158$92.5M6.0%+6,398+2.1%AddedHistory
GOOGLAlphabet Inc.Stock1,111,321$145.4M9.5%+694,596+166.7%AddedHistory
SPYSPDR S&P 500 ETF TrustETF1,625,954$695.1M45.3%+1,264,159+349.4%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