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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Feb 12, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
224
−88 vs. Q3 2023
Portfolio value
$1.59B
+$49.9M (+3.3%) vs. Q3 2023
Filed
Feb 12, 2024
SEC
Holdings of Capula Management Ltd in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
MDLZMondelez International, Inc.Stock47$3.40K<0.1%−9,225−99.5%ReducedHistory
INTUIntuit Inc.Stock7$4.38K<0.1%−787−99.1%ReducedHistory
PDDPDD Holdings Inc.SPONSORED ADS39$5.71K<0.1%−45−53.6%ReducedHistory
INTCIntel CorpStock120$6.03K<0.1%−3,005−96.2%ReducedHistory
AVGOBroadcom Inc.Stock9$10.0K<0.1%−684−98.7%ReducedHistory
ADBEAdobe Inc.Stock17$10.1K<0.1%−1,718−99.0%ReducedHistory
KLACKLA CorpCOM NEW18$10.5K<0.1%−1,192−98.5%ReducedHistory
WDCWestern Digital CorpCOM236$12.4K<0.1%−3,038−92.8%ReducedHistory
ADIAnalog Devices IncStock64$12.7K<0.1%−2,973−97.9%ReducedHistory
RBLXRoblox CorpStock375$17.1K<0.1%−18,612−98.0%ReducedHistory
SCHWSchwab Charles CorpStock408$28.1K<0.1%+408NewHistory
COSTCostco Wholesale CorpStock52$34.3K<0.1%−308−85.6%ReducedHistory
KOCoca Cola CoStock762$44.9K<0.1%−69,931−98.9%ReducedHistory
AMGNAmgen IncStock217$62.5K<0.1%+217NewHistory
EBAYeBay IncCOM1,500$65.4K<0.1%−3,654−70.9%ReducedHistory
MCHPMicrochip Technology IncStock869$78.4K<0.1%+869NewHistory
TXNTexas Instruments IncStock490$83.5K<0.1%−48,872−99.0%ReducedHistory
CMCSAComcast CorpStock2,407$105.5K<0.1%−16,504−87.3%ReducedHistory
CATCaterpillar IncStock425$125.7K<0.1%+425NewHistory
CNHCNH Industrial N.V.SHS12,098$147.4K<0.1%+12,098NewHistory
UAAUnder Armour, Inc.Stock16,916$148.7K<0.1%+16,916NewHistory
OWLBlue Owl Capital Inc.COM CL A12,648$188.5K<0.1%+12,648NewHistory
RKTRocket Companies, Inc.Stock13,651$197.7K<0.1%+13,651NewHistory
BOCBoston Omaha CorpStock12,841$202.0K<0.1%+12,841NewHistory
CPAYCorpay, Inc.COM748$211.4K<0.1%+748NewHistory
NKENIKE, Inc.Stock2,000$217.1K<0.1%−36,530−94.8%ReducedHistory
LULUlululemon athletica inc.Stock425$217.3K<0.1%+425NewHistory
INSPInspire Medical Systems, Inc.COM1,071$217.9K<0.1%+1,071NewHistory
ELEstee Lauder Companies IncCL A1,500$219.4K<0.1%00.0%UnchangedHistory
FOXAFox CorpCL A COM7,429$220.4K<0.1%+129+1.8%AddedHistory
SRPTSarepta Therapeutics, Inc.COM2,295$221.3K<0.1%−9,332−80.3%ReducedHistory
NTNXNutanix, Inc.Stock4,641$221.3K<0.1%+4,641NewHistory
TREXTrex Co IncCOM2,720$225.2K<0.1%+2,720NewHistory
ABNBAirbnb, Inc.Stock1,683$229.1K<0.1%−1,515−47.4%ReducedHistory
ALSNAllison Transmission Holdings IncStock3,968$230.7K<0.1%+3,968NewHistory
ISRGIntuitive Surgical IncCOM NEW697$235.1K<0.1%−7,738−91.7%ReducedHistory
KMPRKEMPER CorpCOM4,930$239.9K<0.1%+4,930NewHistory
LINLinde PLCStock612$251.4K<0.1%+146+31.3%AddedHistory
AXSAxis Capital Holdings LtdSHS4,584$253.8K<0.1%+4,584NewHistory
APOApollo Global Management, Inc.COM2,832$263.9K<0.1%−2,768−49.4%ReducedHistory
UBERUber Technologies, IncStock4,675$287.8K<0.1%−6,025−56.3%ReducedHistory
AMHAmerican Homes 4 RentCL A8,165$293.6K<0.1%−5,075−38.3%ReducedHistory
DASHDoorDash, Inc.Stock2,992$295.9K<0.1%−3,148−51.3%ReducedHistory
AAPLApple Inc.Stock1,543$297.1K<0.1%−165,309−99.1%ReducedHistory
PINSPinterest, Inc.CL A8,279$306.7K<0.1%−1,021−11.0%ReducedHistory
PLTRPalantir Technologies Inc.Stock18,960$325.5K<0.1%+4,180+28.3%AddedHistory
HIGHartford Insurance Group, Inc.Stock4,063$326.6K<0.1%+4,063NewHistory
ESEversource EnergyStock5,321$328.4K<0.1%+5,321NewHistory
GTLBGitlab Inc.CLASS A COM5,559$350.0K<0.1%−5,381−49.2%ReducedHistory
iShares Russell 2000 ETF464287655ETF1,788$358.9K<0.1%+1,788New–
CPTCamden Property TrustREIT3,706$368.0K<0.1%+3,706NewHistory
ATOAtmos Energy CorpCOM3,179$368.4K<0.1%+3,179NewHistory
GLGlobe Life Inc.COM3,128$380.7K<0.1%+3,128NewHistory
VMRKVivmark ResidentialSH BEN INT6,256$382.6K<0.1%+6,256NewHistory
SNXTD Synnex CorpCOM3,570$384.2K<0.1%+1,350+60.8%AddedHistory
KSSKOHLS CorpStock13,906$398.8K<0.1%−9,034−39.4%ReducedHistory
ALLAllstate CorpStock2,873$402.2K<0.1%+2,873NewHistory
BKRBaker Hughes CoCL A11,798$403.3K<0.1%+11,798NewHistory
SWKStanley Black & Decker, Inc.COM4,131$405.3K<0.1%+4,131NewHistory
COLDAmericold Realty TrustCOM13,464$407.6K<0.1%+13,464NewHistory
Paramount Global92556H107CL A20,764$408.2K<0.1%+20,764New–
UGIUgi CorpStock16,660$409.8K<0.1%+16,660NewHistory
HEIHeico CorpCOM2,295$410.5K<0.1%+2,295NewHistory
TDCTeradata CorpStock9,452$411.3K<0.1%+9,452NewHistory
TRGPTarga Resources Corp.COM4,743$412.0K<0.1%+4,743NewHistory
HSTHost Hotels & Resorts, Inc.COM21,165$412.1K<0.1%−8,175−27.9%ReducedHistory
HHyatt Hotels CorpCOM CL A3,162$412.4K<0.1%+3,162NewHistory
NRGNRG Energy, Inc.Stock7,990$413.1K<0.1%+7,990NewHistory
RNGRingCentral, Inc.CL A12,172$413.2K<0.1%+12,172NewHistory
FISVFiserv IncStock3,111$413.3K<0.1%+3,111NewHistory
HCPHashiCorp, Inc.COM CL A17,493$413.5K<0.1%+7,173+69.5%AddedHistory
TPGTPG Inc.COM CL A9,588$413.9K<0.1%+9,588NewHistory
XYZBlock, Inc.CL A5,355$414.2K<0.1%+5,355NewHistory
HUBSHubSpot IncCOM714$414.5K<0.1%+234+48.8%AddedHistory
SPBSpectrum Brands Holdings, Inc.COM5,202$415.0K<0.1%+5,202NewHistory
CGCarlyle Group Inc.COM10,200$415.0K<0.1%−4,900−32.5%ReducedHistory
PKPark Hotels & Resorts Inc.COM27,217$416.4K<0.1%+27,217NewHistory
FERGFerguson Enterprises Inc.SHS2,159$416.8K<0.1%−761−26.1%ReducedHistory
SMARSmartsheet IncCOM CL A8,721$417.0K<0.1%+8,721NewHistory
CICigna GroupStock1,394$417.4K<0.1%+514+58.4%AddedHistory
CAHCardinal Health IncStock4,148$418.1K<0.1%+4,148NewHistory
MNSTMonster Beverage CorpCOM7,259$418.2K<0.1%+7,259NewHistory
FTITechnipFMC plcCOM20,791$418.7K<0.1%+20,791NewHistory
VEEVVeeva Systems IncStock2,176$418.9K<0.1%+2,176NewHistory
WSTWest Pharmaceutical Services IncCOM1,190$419.0K<0.1%−110−8.5%ReducedHistory
TOLToll Brothers, Inc.COM4,080$419.4K<0.1%+580+16.6%AddedHistory
BLDRBuilders FirstSource, Inc.Stock2,516$420.0K<0.1%−1,404−35.8%ReducedHistory
BHFBrighthouse Financial, Inc.COM7,939$420.1K<0.1%−2,061−20.6%ReducedHistory
HUMHumana IncStock918$420.3K<0.1%−82−8.2%ReducedHistory
AGLagilon health, inc.COM33,490$420.3K<0.1%+33,490NewHistory
DECKDeckers Outdoor CorpCOM629$420.4K<0.1%+629NewHistory
MAAMid America Apartment Communities Inc.COM3,128$420.6K<0.1%−392−11.1%ReducedHistory
NVDANVIDIA CorpStock850$420.9K<0.1%−8,187−90.6%ReducedHistory
DHIHorton D R IncCOM2,771$421.1K<0.1%−1,429−34.0%ReducedHistory
PHMPultegroup IncCOM4,080$421.1K<0.1%+4,080NewHistory
SWAVShockwave Medical, Inc.COM2,210$421.1K<0.1%+2,210NewHistory
DVNDevon Energy CorpStock9,299$421.2K<0.1%−921−9.0%ReducedHistory
AMATApplied Materials IncStock2,601$421.5K<0.1%−7,952−75.4%ReducedHistory
SPOTSpotify Technology S.A.Stock2,244$421.7K<0.1%+2,244NewHistory
PAYCPaycom Software, Inc.Stock2,040$421.7K<0.1%+1,260+161.5%AddedHistory

Options (44)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Capula Management Ltd in Q4 2023
SecurityClassPutsCalls
Invesco QQQ Trust Series I46090E103ETF$234.9M$209.3M
VanEck Semiconductor ETF92189F676ETF$181.5M$104.9M
iShares Tr46428743220 YR TR BD ETF$27.2M$19.8M
State Street SPDR S&P Regional Banking ETF78464A698ETF$5.35M$15.8M
JNJJohnson & JohnsonStock$6.27M$6.27M
SPYSPDR S&P 500 ETF TrustETF$9.51M–
CPRICapri Holdings LtdSHS$7.54M–
iShares Tr464287234MSCI EMG MKT ETF–$6.84M
MSFTMicrosoft CorpStock$3.72M$2.90M
GOOGLAlphabet Inc.Stock$3.86M$2.43M
GLDSPDR Gold TrustETF$6.12M–
RBLXRoblox CorpStock$4.95M–
AAPLApple Inc.Stock$4.04M–
PDDPDD Holdings Inc.SPONSORED ADS$3.60M–
AMZNAmazon Com IncStock$3.04M–
KOCoca Cola CoStock$1.87M$1.08M
TXNTexas Instruments IncStock$2.68M$153.4K
MDLZMondelez International, Inc.Stock$2.24M$246.3K
MOAltria Group, Inc.Stock$1.60M$867.3K
CVSCVS Health CorpStock$1.07M$1.06M
CATCaterpillar IncStock$1.03M$1.06M
SCHWSchwab Charles CorpStock$2.06M–
COSTCostco Wholesale CorpStock$2.05M–
EBAYeBay IncCOM–$1.93M
LMTLockheed Martin CorpStock$906.5K$906.5K
WMTWalmart Inc.Stock–$1.73M
ADBEAdobe Inc.Stock$1.61M–
WDCWestern Digital CorpCOM$1.56M–
MSMorgan StanleyStock$932.5K$559.5K
AVGOBroadcom Inc.Stock$1.34M–
KLACKLA CorpCOM NEW$1.34M–
CMCSAComcast CorpStock$530.6K$784.9K
ADIAnalog Devices IncStock$1.27M–
AMDAdvanced Micro Devices IncStock$442.2K$692.8K
AMGNAmgen IncStock$1.01M–
LRCXLam Research CorpCOM$939.9K–
INTUIntuit Inc.Stock$937.5K–
MCHPMicrochip Technology IncStock$901.8K–
INTCIntel CorpStock$753.8K–
ADPAutomatic Data Processing IncStock$605.7K$69.9K
iShares Tr464288513IBOXX HI YD ETF–$634.6K
BABAAlibaba Group Holding LtdADR–$465.1K
SNOWSnowflake Inc.Stock$358.2K–
ALGNAlign Technology IncCOM–$27.4K

Sold out since Q3 2023 (213)

Positions held at the end of Q3 2023 that are gone from this filing.

The largest 100 of 213 by value last quarter.

Positions of Capula Management Ltd sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
ATVIActivision Blizzard, Inc.COM360,000$33.7M2.2%History
HZNPHorizon Therapeutics Public Ltd CoSHS242,048$28.0M1.8%History
UPSUnited Parcel Service IncStock120,922$18.8M1.2%History
SGENSeagen Inc.COM69,000$14.6M1.0%History
NEWRNew Relic, Inc.COM163,919$14.0M0.9%History
NATINational Instruments CorpCOM171,037$10.2M0.7%History
SCPLSciPlay CorpCL A360,727$8.21M0.5%History
DENDenbury IncCOM80,202$7.86M0.5%History
MSMorgan StanleyStock86,087$7.03M0.5%History
WMTWalmart Inc.Stock39,547$6.32M0.4%History
MSFTMicrosoft CorpStock19,551$6.17M0.4%History
Abcam PLC000380204ADS220,030$4.98M0.3%–
HTHersha Hospitality TrustPR SHS BEN INT492,295$4.85M0.3%History
GHLGreenhill & Co IncCOM262,506$3.89M0.3%History
ADPAutomatic Data Processing IncStock14,389$3.46M0.2%History
TSLATesla, Inc.Stock12,727$3.18M0.2%History
ASMLASML Holding NVADR4,830$2.84M0.2%History
AMDAdvanced Micro Devices IncStock26,584$2.73M0.2%History
CVSCVS Health CorpStock38,596$2.69M0.2%History
IBMInternational Business Machines CorpStock15,947$2.24M0.1%History
TWNKHostess Brands, Inc.CL A60,000$2.00M0.1%History
VMWVmware LLCCL A COM12,000$2.00M0.1%History
DBX ETF Tr233051879XTRACK HRVST CSI70,000$1.82M0.1%–
SBUXStarbucks CorpStock19,264$1.76M0.1%History
BGBunge Global SACOM13,340$1.44M0.1%History
BKNGBooking Holdings Inc.Stock465$1.43M0.1%History
OSKOshkosh CorpCOM14,860$1.42M0.1%History
TRHCTabula Rasa HealthCare, Inc.COM135,382$1.40M0.1%History
CVXChevron CorpStock8,150$1.37M0.1%History
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF19,500$1.34M0.1%–
QCOMQualcomm IncStock11,154$1.24M0.1%History
ALHCAlignment Healthcare, Inc.COM175,148$1.22M0.1%History
HNIHni CorpStock34,380$1.19M0.1%History
HDHome Depot, Inc.Stock3,842$1.16M0.1%History
WFRDWeatherford International plcORD SHS12,840$1.16M0.1%History
UPWKUpwork, IncCOM100,300$1.14M0.1%History
Starz Entertainment Corp535919401CL A VTG133,160$1.13M0.1%–
ANFAbercrombie & Fitch CoCL A19,660$1.11M0.1%History
PAYOPayoneer Global Inc.COM177,000$1.08M0.1%History
CMPRCIMPRESS plcSHS EURO15,440$1.08M0.1%History
VSTVistra Corp.Stock32,560$1.08M0.1%History
CEGConstellation Energy CorpStock9,880$1.08M0.1%History
GAPGap IncCOM101,120$1.07M0.1%History
SPNTSiriusPoint LtdCOM105,600$1.07M0.1%History
SKYWSkywest IncCOM25,220$1.06M0.1%History
CNKCinemark Holdings, Inc.COM57,040$1.05M0.1%History
ATSGAir Transport Services Group, Inc.COM50,020$1.04M0.1%History
UALUnited Airlines Holdings, Inc.COM23,720$1.00M0.1%History
BCCBoise Cascade CoCOM9,660$995.4K0.1%History
CCOICogent Communications Holdings, Inc.COM NEW15,920$985.4K0.1%History
INSWInternational Seaways, Inc.COM21,720$977.4K0.1%History
ANIPAni Pharmaceuticals IncCOM16,740$971.9K0.1%History
SCHLScholastic CorpCOM25,140$958.8K0.1%History
OPCHOption Care Health, Inc.COM NEW29,540$955.6K0.1%History
GOGOGogo Inc.COM79,620$949.9K0.1%History
JWNNordstrom IncStock63,180$943.9K0.1%History
DMCDel Monte CorpORD36,100$932.8K0.1%History
DFHDream Finders Homes, Inc.COM CL A41,780$928.8K0.1%History
SABRSabre CorpCOM204,500$918.2K0.1%History
BEAMBeam Therapeutics Inc.COM38,100$916.3K0.1%History
EBEventbrite, Inc.COM CL A92,860$915.6K0.1%History
MDUMdu Resources Group IncStock46,760$915.6K0.1%History
UPBDUpbound Group, Inc.COM30,880$909.4K0.1%History
SEATVivid Seats Inc.COM CL A141,240$906.8K0.1%History
FFord Motor CoStock72,840$904.7K0.1%History
KWKennedy-Wilson Holdings, Inc.COM61,080$900.3K0.1%History
LGNDLigand Pharmaceuticals IncCOM NEW14,900$892.8K0.1%History
KNSAKiniksa Pharmaceuticals International, plcCOM CL A51,340$891.8K0.1%History
MTHMeritage Homes CORPCOM7,220$883.7K0.1%History
TWSTTwist Bioscience CorpCOM43,520$881.7K0.1%History
MHOM/I Homes, Inc.COM10,420$875.7K0.1%History
Flagstar Bank, National Association649445103COM76,860$871.6K0.1%–
OPKOpko Health, Inc.COM540,540$864.9K0.1%History
GISGeneral Mills IncStock13,465$861.6K0.1%History
MDCSekisui House U.S., Inc.COM20,560$847.7K0.1%History
ADNTAdient plcStock23,040$845.6K0.1%History
UDRUDR, Inc.COM23,520$839.0K0.1%History
GHGuardant Health, Inc.COM28,140$834.1K0.1%History
ARVNArvinas, Inc.COM41,160$808.4K0.1%History
DNLIDenali Therapeutics Inc.COM38,720$798.8K0.1%History
EVGOEVgo Inc.CL A COM235,840$797.1K0.1%History
CARSCars.com Inc.COM47,120$794.4K0.1%History
MEDMedifast IncCOM10,400$778.4K0.1%History
CALYCallaway Golf CoCOM54,800$758.4K<0.1%History
CVNACarvana Co.CL A17,920$752.3K<0.1%History
VVisa Inc.Stock3,201$736.3K<0.1%History
AALAmerican Airlines Group Inc.Stock57,340$734.5K<0.1%History
PGProcter & Gamble CoStock5,022$732.5K<0.1%History
WWayfair Inc.CL A12,082$731.8K<0.1%History
OGNOrganon & Co.Stock42,060$730.2K<0.1%History
CMPCompass Minerals International IncStock25,840$722.2K<0.1%History
ECHOEchoStar CORPCL A42,120$705.5K<0.1%History
RUNSunrun Inc.COM56,060$704.1K<0.1%History
ALBAlbemarle CorpStock3,900$663.2K<0.1%History
RIVNRivian Automotive, Inc.Stock27,160$659.4K<0.1%History
NKLANikola CorpCOM409,091$642.3K<0.1%History
IOVAIovance Biotherapeutics, Inc.COM140,060$637.3K<0.1%History
VYXNCR Voyix CorpCOM22,860$616.5K<0.1%History
BACBank of America CorpStock22,191$607.6K<0.1%History
SDGRSchrodinger, Inc.COM19,900$562.6K<0.1%History