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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
DKNGDraftKings Inc.Stock11,968$421.9K<0.1%+11,968NewHistory
LYFTLyft, Inc.CL A COM28,152$422.0K<0.1%−58,348−67.5%ReducedHistory
NFLXNetflix IncStock867$422.1K<0.1%−9,599−91.7%ReducedHistory
DKSDick's Sporting Goods, Inc.Stock2,873$422.2K<0.1%+2,873NewHistory
PEGAPegasystems IncCOM8,653$422.8K<0.1%+8,653NewHistory
WYNNWynn Resorts LtdCOM4,641$422.8K<0.1%+4,641NewHistory
NUENucor CorpCOM2,431$423.1K<0.1%−709−22.6%ReducedHistory
WINGWingstop Inc.COM1,649$423.1K<0.1%+1,649NewHistory
STLDSteel Dynamics IncCOM3,587$423.6K<0.1%−1,073−23.0%ReducedHistory
LMTLockheed Martin CorpStock935$423.8K<0.1%+935NewHistory
CRICarters IncCOM5,661$424.0K<0.1%+5,661NewHistory
RMDResmed IncCOM2,465$424.0K<0.1%+2,465NewHistory
VLOValero Energy CorpStock3,264$424.3K<0.1%−176−5.1%ReducedHistory
ELVElevance Health, Inc.Stock901$424.9K<0.1%−219−19.6%ReducedHistory
MCOMoodys CorpStock1,088$424.9K<0.1%+1,088NewHistory
MTCHMatch Group, Inc.COM11,645$425.0K<0.1%−33,875−74.4%ReducedHistory
OLLIOllie's Bargain Outlet Holdings, Inc.Stock5,610$425.7K<0.1%+5,610NewHistory
OCOwens CorningStock2,873$425.9K<0.1%−687−19.3%ReducedHistory
GPCGenuine Parts CoStock3,077$426.2K<0.1%+3,077NewHistory
HOLXHologic IncCOM5,967$426.3K<0.1%−833−12.3%ReducedHistory
CNPCenterpoint Energy IncCOM14,943$426.9K<0.1%+14,943NewHistory
CINFCincinnati Financial CorpCOM4,131$427.4K<0.1%+4,131NewHistory
SNOWSnowflake Inc.Stock2,150$427.9K<0.1%−4,051−65.3%ReducedHistory
MPWRMonolithic Power Systems, Inc.COM680$428.9K<0.1%+680NewHistory
REGNRegeneron Pharmaceuticals, Inc.COM493$433.0K<0.1%−39−7.3%ReducedHistory
LRCXLam Research CorpCOM568$444.9K<0.1%−3,253−85.1%ReducedHistory
CNACna Financial CorpCOM10,787$456.4K<0.1%+10,787NewHistory
ZMZoom Communications, Inc.Stock6,629$476.7K<0.1%+6,629NewHistory
WTMWhite Mountains Insurance Group LtdCOM323$486.1K<0.1%+323NewHistory
ALGNAlign Technology IncCOM1,807$495.1K<0.1%−4,834−72.8%ReducedHistory
NWSANews CorpCL A22,935$563.1K<0.1%+22,935NewHistory
PENNPENN Entertainment, Inc.COM21,913$570.2K<0.1%+21,913NewHistory
AZEKAZEK Co Inc.CL A15,015$574.3K<0.1%−1,385−8.4%ReducedHistory
SESea LtdSPONSORD ADS15,000$607.5K<0.1%+2,000+15.4%AddedHistory
VERVVerve Therapeutics, Inc.COM45,458$633.7K<0.1%+45,458NewHistory
DDOGDatadog, Inc.CL A COM5,468$663.7K<0.1%+5,203+1,963.4%AddedHistory
BABAAlibaba Group Holding LtdADR9,000$697.6K<0.1%+6,813+311.5%AddedHistory
GPREGreen Plains Inc.COM28,934$729.7K<0.1%+28,934NewHistory
LILALiberty Latin America Ltd.COM CL A107,611$786.6K<0.1%+107,611NewHistory
PBFPBF Energy Inc.CL A17,918$787.7K<0.1%+17,918NewHistory
AHCOAdaptHealth Corp.COMMON STOCK110,534$805.8K0.1%+110,534NewHistory
DKDelek US Holdings, Inc.COM32,521$839.0K0.1%−3,499−9.7%ReducedHistory
MOAltria Group, Inc.Stock21,812$879.9K0.1%+21,812NewHistory
PRTAProthena Corp Public Ltd CoSHS24,310$883.4K0.1%+24,310NewHistory
CRHCRH Public Ltd CoORD12,802$885.4K0.1%+12,802NewHistory
FTDRFrontdoor, Inc.COM25,517$898.7K0.1%+25,517NewHistory
FLRFluor CorpStock23,188$908.3K0.1%−4,632−16.6%ReducedHistory
ALEAllete IncCOM NEW15,062$921.2K0.1%+15,062NewHistory
GTGoodyear Tire & Rubber CoCOM65,042$931.4K0.1%+65,042NewHistory
FORForestar Group Inc.COM28,458$941.1K0.1%−11,102−28.1%ReducedHistory
LPGDorian LPG Ltd.SHS USD21,913$961.3K0.1%+21,913NewHistory
AIZAssurant, Inc.Stock5,712$962.4K0.1%+5,712NewHistory
DYDycom Industries IncCOM8,364$962.6K0.1%+8,364NewHistory
LILAKLiberty Latin America Ltd.COM CL C132,192$970.3K0.1%+132,192NewHistory
XNCRXencor IncCOM45,849$973.4K0.1%+3,029+7.1%AddedHistory
ETRNMidstream Co LLCCOM95,829$975.5K0.1%+95,829NewHistory
GIIIG III Apparel Group LtdCOM28,866$980.9K0.1%−12,834−30.8%ReducedHistory
UEUrban Edge PropertiesCOM53,601$980.9K0.1%+53,601NewHistory
DANDANA IncCOM67,354$984.0K0.1%+14,614+27.7%AddedHistory
AGOAssured Guaranty LtdCOM13,209$988.4K0.1%+5,109+63.1%AddedHistory
COOPMaverick Merger Sub 2, LLCCOM15,266$994.1K0.1%+15,266NewHistory
VNOMViper Energy, Inc.COM31,798$997.8K0.1%+31,798NewHistory
iShares Inc464286400MSCI BRAZIL ETF28,560$998.5K0.1%−23,453−45.1%Reduced–
SSTKShutterstock, Inc.COM20,893$1.01M0.1%+20,893NewHistory
ALNYAlnylam Pharmaceuticals, Inc.COM5,270$1.01M0.1%+5,270NewHistory
BFHBread Financial Holdings, Inc.COM30,957$1.02M0.1%+5,577+22.0%AddedHistory
DBRGDigitalBridge Group, Inc.CL A NEW58,225$1.02M0.1%+58,225NewHistory
MCYMercury General CorpCOM27,523$1.03M0.1%+27,523NewHistory
SITCSITE Centers Corp.COM75,480$1.03M0.1%+75,480NewHistory
TTMITTM Technologies IncCOM65,790$1.04M0.1%+65,790NewHistory
Paramount Global92556H206CL B71,315$1.05M0.1%+71,315New–
GMGeneral Motors CoCOM29,767$1.07M0.1%+18,107+155.3%AddedHistory
MLIMueller Industries IncCOM23,426$1.10M0.1%−734−3.0%ReducedConverted for a 2-for-1 splitHistory
NWLNewell Brands Inc.Stock127,636$1.11M0.1%+37,056+40.9%AddedHistory
IDCCInterDigital, Inc.COM10,268$1.11M0.1%+10,268NewHistory
RITMRithm Capital Corp.REIT105,024$1.12M0.1%+7,084+7.2%AddedHistory
LUCKLucky Strike Entertainment CorpCL A COM79,288$1.12M0.1%+79,288NewHistory
ACIWAci Worldwide, Inc.Stock36,907$1.13M0.1%+36,907NewHistory
OSCROscar Health, Inc.CL A128,401$1.17M0.1%−11,859−8.5%ReducedHistory
LNGCheniere Energy, Inc.COM NEW7,052$1.20M0.1%+992+16.4%AddedHistory
OPTUOptimum Communications, Inc.CL A382,767$1.24M0.1%+60,187+18.7%AddedHistory
COFCapital One Financial CorpStock9,503$1.25M0.1%+9,503NewHistory
iShares Inc46434G822MSCI JAPAN ETF19,719$1.26M0.1%−34−0.2%Reduced–
CWHCamping World Holdings, Inc.CL A49,198$1.29M0.1%+49,198NewHistory
JELDJELD-WEN Holding, Inc.COM68,986$1.30M0.1%+68,986NewHistory
SCSSteelcase IncCL A96,475$1.30M0.1%−15,475−13.8%ReducedHistory
CCSCentury Communities, Inc.COM14,637$1.33M0.1%+14,637NewHistory
MBINMerchants BancorpCOM31,926$1.36M0.1%+31,926NewHistory
AMCAMC Entertainment Holdings, Inc.CL A NEW229,827$1.41M0.1%+205,638+850.1%AddedHistory
STNEStoneCo Ltd.COM79,288$1.43M0.1%+79,288NewHistory
LOBLive Oak Bancshares, Inc.COM31,501$1.43M0.1%+31,501NewHistory
TGTXTG Therapeutics, Inc.COM83,997$1.43M0.1%+83,997NewHistory
VanEck ETF Trust92189F106GOLD MINERS ETF46,687$1.45M0.1%+46,687New–
CUBICustomers Bancorp, Inc.COM25,177$1.45M0.1%+25,177NewHistory
MSGEMadison Square Garden Entertainment Corp.COM CL A57,426$1.83M0.1%+26,726+87.1%AddedHistory
WDAYWorkday, Inc.CL A7,030$1.94M0.1%+7,030NewHistory
Textainer Group Holdings LtdG8766E109SHS40,300$1.98M0.1%+40,300New–
CENTACentral Garden & Pet CoCL A NON-VTG45,101$1.99M0.1%+45,101NewHistory
iShares Tr464287184CHINA LG-CAP ETF87,900$2.11M0.1%−117,100−57.1%Reduced–
BEBloom Energy CorpCOM CL A144,568$2.14M0.1%+144,568NewHistory

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