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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q1 2024

Holdings as of Mar 31, 2024, filed May 9, 2024. Long positions only; changes compare share counts with Q4 2023.

Institution overview
Positions
369
+145 vs. Q4 2023
Portfolio value
$2.95B
+$1.37B (+86.4%) vs. Q4 2023
Filed
May 9, 2024
SEC
Holdings of Capula Management Ltd in Q1 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
NJRNew Jersey Resources CorpStock7,145$306.6K<0.1%+7,145NewHistory
RGLDRoyal Gold IncStock2,530$308.2K<0.1%+2,530NewHistory
PCGPG&E CorpStock18,397$308.3K<0.1%+18,397NewHistory
REGRegency Centers CorpCOM5,106$309.2K<0.1%+5,106NewHistory
PGRProgressive CorpStock1,509$312.1K<0.1%+1,509NewHistory
TXNTexas Instruments IncStock1,811$315.5K<0.1%+1,321+269.6%AddedHistory
CZRCaesars Entertainment, Inc.COM7,232$316.3K<0.1%+7,232NewHistory
PIIPolaris Inc.Stock3,208$321.2K<0.1%+3,208NewHistory
LOWLowes Companies IncStock1,263$321.7K<0.1%+1,263NewHistory
TOLToll Brothers, Inc.COM2,500$323.4K<0.1%−1,580−38.7%ReducedHistory
KLACKLA CorpCOM NEW464$324.1K<0.1%+446+2,477.8%AddedHistory
SMSM Energy CoCOM6,599$329.0K<0.1%+6,599NewHistory
BRK.BBerkshire Hathaway IncStock785$330.1K<0.1%+785NewHistory
NTNXNutanix, Inc.Stock5,357$330.6K<0.1%+716+15.4%AddedHistory
DHRDanaher CorpStock1,326$331.1K<0.1%+1,326NewHistory
JPMJPMorgan Chase & CoStock1,654$331.3K<0.1%+1,654NewHistory
NWLNewell Brands Inc.Stock42,496$341.2K<0.1%−85,140−66.7%ReducedHistory
VZVerizon Communications IncStock8,199$344.0K<0.1%+8,199NewHistory
STZConstellation Brands, Inc.Stock1,274$346.2K<0.1%+1,274NewHistory
LIILennox International IncCOM717$350.4K<0.1%+717NewHistory
PPLPPL CorpCOM12,748$351.0K<0.1%+12,748NewHistory
ZZillow Group, Inc.CL C CAP STK7,399$360.9K<0.1%+7,399NewHistory
VMCVulcan Materials COCOM1,360$371.2K<0.1%+1,360NewHistory
BOKFBok Financial CorpCOM NEW4,038$371.5K<0.1%+4,038NewHistory
SKXSkechers USA IncCL A6,148$376.6K<0.1%+6,148NewHistory
NYTNew York Times CoCL A8,719$376.8K<0.1%+8,719NewHistory
MTGMgic Investment CorpCOM17,140$383.3K<0.1%+17,140NewHistory
Paramount Global92556H206CL B32,640$384.2K<0.1%−38,675−54.2%Reduced–
PNWPinnacle West Capital CorpCOM5,160$385.6K<0.1%+5,160NewHistory
GXOGXO Logistics, Inc.Stock7,201$387.1K<0.1%+7,201NewHistory
FLOFlowers Foods IncCOM16,388$389.2K<0.1%+16,388NewHistory
MOSMosaic CoCOM12,002$389.6K<0.1%+12,002NewHistory
CDPCopt Defense PropertiesREIT16,193$391.4K<0.1%+16,193NewHistory
AONAon plcCL A1,173$391.5K<0.1%+1,173NewHistory
MRSHMarsh & McLennan Companies, Inc.Stock1,904$392.2K<0.1%+1,904NewHistory
CACICACI International IncCL A1,037$392.8K<0.1%+1,037NewHistory
SONSonoco Products CoCOM6,839$395.6K<0.1%+6,839NewHistory
LXPLXP Industrial TrustCOM44,294$399.5K<0.1%+44,294NewHistory
RSGRepublic Services, Inc.COM2,087$399.5K<0.1%+2,087NewHistory
KEYSKeysight Technologies, Inc.Stock2,577$403.0K<0.1%+2,577NewHistory
SPGSimon Property Group Inc.REIT2,582$404.1K<0.1%+2,582NewHistory
WHWyndham Hotels & Resorts, Inc.COM5,270$404.5K<0.1%+5,270NewHistory
PXDPioneer Natural Resources CoCOM1,547$406.1K<0.1%−114,453−98.7%ReducedHistory
ESNTEssent Group Ltd.COM6,843$407.2K<0.1%+6,843NewHistory
GLPIGaming & Leisure Properties, Inc.COM8,852$407.8K<0.1%+8,852NewHistory
ULTAUlta Beauty, Inc.Stock782$408.9K<0.1%+782NewHistory
MSMMSC Industrial Direct Co IncCL A4,215$409.0K<0.1%+4,215NewHistory
JNPRJuniper Networks IncCOM11,067$410.1K<0.1%+11,067NewHistory
WALWestern Alliance BancorporationCOM6,409$411.4K<0.1%+6,409NewHistory
DTEDte Energy CoCOM3,672$411.8K<0.1%+3,672NewHistory
NRGNRG Energy, Inc.Stock6,086$412.0K<0.1%−1,904−23.8%ReducedHistory
VRTXVertex Pharmaceuticals IncStock986$412.2K<0.1%+986NewHistory
CACCCredit Acceptance CorpCOM748$412.6K<0.1%+748NewHistory
OVVOvintiv Inc.COM7,973$413.8K<0.1%+7,973NewHistory
CMSCMS Energy CorpCOM6,868$414.4K<0.1%+6,868NewHistory
CBRECbre Group, Inc.CL A4,266$414.8K<0.1%+4,266NewHistory
SNXTD Synnex CorpCOM3,672$415.3K<0.1%+102+2.9%AddedHistory
WFCWells Fargo & CompanyStock7,178$416.0K<0.1%+7,178NewHistory
TDOCTeladoc Health, Inc.COM27,676$417.9K<0.1%+27,676NewHistory
iShares Inc464286871MSCI HONG KG ETF26,900$418.3K<0.1%+26,900New–
AMEDAmedisys IncCOM4,556$419.9K<0.1%+4,556NewHistory
METMetlife IncStock5,678$420.8K<0.1%+5,678NewHistory
LYFTLyft, Inc.CL A COM21,879$423.4K<0.1%−6,273−22.3%ReducedHistory
SBACSba Communications CorpCL A1,955$423.6K<0.1%+1,955NewHistory
BBWIBath & Body Works, Inc.COM8,483$424.3K<0.1%+8,483NewHistory
BXBlackstone Inc.COM3,230$424.3K<0.1%+3,230NewHistory
TSNTyson Foods, Inc.Stock7,228$424.5K<0.1%+7,228NewHistory
CNPCenterpoint Energy IncCOM14,926$425.2K<0.1%−17−0.1%ReducedHistory
OCOwens CorningStock2,550$425.3K<0.1%−323−11.2%ReducedHistory
WYWeyerhaeuser CoCOM NEW11,866$426.1K<0.1%+11,866NewHistory
LENLennar CorpCL A2,484$427.2K<0.1%+2,484NewHistory
MNSTMonster Beverage CorpCOM7,208$427.3K<0.1%−51−0.7%ReducedHistory
VFCV F CorpStock27,883$427.7K<0.1%+27,883NewHistory
BENFranklin Templeton IncCOM15,251$428.7K<0.1%+15,251NewHistory
OLNOLIN CorpStock7,310$429.8K<0.1%+7,310NewHistory
SWNSouthwestern Energy CoCOM56,763$430.3K<0.1%+56,763NewHistory
VMIValmont Industries IncCOM1,887$430.8K<0.1%+1,887NewHistory
GNRCGenerac Holdings Inc.Stock3,417$431.0K<0.1%+3,417NewHistory
CRICarters IncCOM5,134$434.7K<0.1%−527−9.3%ReducedHistory
GPNGlobal Payments IncStock3,256$435.2K<0.1%+3,256NewHistory
PFGCPerformance Food Group CoCOM5,865$437.8K<0.1%+5,865NewHistory
CLFCleveland-Cliffs Inc.COM19,261$438.0K<0.1%+19,261NewHistory
IONSIonis Pharmaceuticals IncCOM10,217$442.9K<0.1%+10,217NewHistory
CTLTCatalent, Inc.COM7,889$445.3K<0.1%+7,889NewHistory
LULUlululemon athletica inc.Stock1,140$445.3K<0.1%+715+168.2%AddedHistory
NUNu Holdings Ltd.ORD SHS CL A37,424$446.5K<0.1%+37,424NewHistory
NFGNational Fuel Gas CoStock8,345$448.3K<0.1%+8,345NewHistory
MLCOMelco Resorts & Entertainment LTDADR62,300$449.2K<0.1%+62,300NewHistory
CAGConagra Brands Inc.Stock15,162$449.4K<0.1%+15,162NewHistory
FICOFair Isaac CorpCOM360$449.9K<0.1%+360NewHistory
PATHUiPath, Inc.Stock19,907$451.3K<0.1%+19,907NewHistory
ABCBAmeris BancorpCOM9,384$454.0K<0.1%+9,384NewHistory
CHDNChurchill Downs IncCOM3,685$456.0K<0.1%+3,685NewHistory
iShares Russell 2000 ETF464287655ETF2,175$457.4K<0.1%+387+21.6%Added–
ADCAgree Realty CorpCOM8,051$459.9K<0.1%+8,051NewHistory
FANGDiamondback Energy, Inc.Stock2,332$462.1K<0.1%+2,332NewHistory
HOLXHologic IncCOM5,981$466.3K<0.1%+14+0.2%AddedHistory
GTLBGitlab Inc.CLASS A COM8,028$468.2K<0.1%+2,469+44.4%AddedHistory
DDOGDatadog, Inc.CL A COM3,794$468.9K<0.1%−1,674−30.6%ReducedHistory
FRTFederal Realty Investment TrustSH BEN INT NEW4,623$472.1K<0.1%+4,623NewHistory

Options (72)

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 Q1 2024
SecurityClassPutsCalls
Invesco QQQ Trust Series I46090E103ETF$527.3M$284.2M
State Street Utilities Select Sector SPDR ETF81369Y886ETF$66.6M$33.8M
iShares Tr46428743220 YR TR BD ETF$37.8M$37.8M
iShares Tr464287234MSCI EMG MKT ETF–$54.6M
VanEck Semiconductor ETF92189F676ETF$13.5M$30.4M
GLDSPDR Gold TrustETF$20.6M$20.6M
iShares MSCI India ETF46429B598ETF$12.9M$27.9M
VanEck ETF Trust92189F106GOLD MINERS ETF$632.4K$33.2M
SPYSPDR S&P 500 ETF TrustETF–$13.1M
CPRICapri Holdings LtdSHS$6.79M–
iShares Tr464287184CHINA LG-CAP ETF–$3.68M
AAPLApple Inc.Stock$2.44M$788.8K
MSFTMicrosoft CorpStock$3.07M–
FCXFreeport-McMoran IncStock$2.19M–
iShares Russell 2000 ETF464287655ETF–$1.79M
SCHWSchwab Charles CorpStock$1.50M–
METAMeta Platforms, Inc.Stock$1.41M–
NFLXNetflix IncStock$1.40M–
GOOGLAlphabet Inc.Stock$920.7K$452.8K
AVGOBroadcom Inc.Stock$927.8K$397.6K
PGProcter & Gamble CoStock$1.30M–
SLBSLB LimitedStock$1.10M–
INTUIntuit Inc.Stock$455.0K$585.0K
PEPPepsiCo IncStock$1.02M–
AMZNAmazon Com IncStock$938.0K–
ADBEAdobe Inc.Stock$605.5K$151.4K
TSLATesla, Inc.Stock$738.3K–
KLACKLA CorpCOM NEW$698.6K–
JNJJohnson & JohnsonStock$696.0K–
RHRHCOM$661.7K–
COSTCostco Wholesale CorpStock$659.4K–
DISWalt Disney CoStock$648.5K–
MSMorgan StanleyStock$602.6K–
WDCWestern Digital CorpCOM$573.2K–
VZVerizon Communications IncStock$553.9K–
MOAltria Group, Inc.Stock$536.5K–
CMCSAComcast CorpStock$533.2K–
LRCXLam Research CorpCOM$485.8K–
MUMicron Technology IncStock$483.3K–
ACNAccenture plcStock$450.6K–
HUMHumana IncStock$416.1K–
AMDAdvanced Micro Devices IncStock$379.0K–
MRNAModerna, Inc.Stock$373.0K–
BACBank of America CorpStock$345.1K–
HONHoneywell International IncCOM$328.4K–
TAT&T Inc.Stock$228.8K$75.7K
JPMJPMorgan Chase & CoStock$300.4K–
PMPhilip Morris International Inc.Stock$293.2K–
LOWLowes Companies IncStock$280.2K–
DHRDanaher CorpStock$274.7K–
AMATApplied Materials IncStock$268.1K–
GMGeneral Motors CoCOM$267.6K–
UUnity Software Inc.COM$264.3K–
CCitigroup IncStock$253.0K–
VVisa Inc.Stock$251.2K–
BABoeing CoStock$250.9K–
UNHUnitedHealth Group IncStock$49.5K$197.9K
AFRMAffirm Holdings, Inc.COM CL A$234.7K–
ORLYO Reilly Automotive IncStock$225.8K–
NETCloudflare, Inc.CL A COM$213.0K–
XYZBlock, Inc.CL A$203.0K–
ASMLASML Holding NVADR$194.1K–
REGNRegeneron Pharmaceuticals, Inc.COM$192.5K–
NVDANVIDIA CorpStock$180.7K–
GDGeneral Dynamics CorpStock$169.5K–
TGTTarget CorpStock$159.5K–
HDHome Depot, Inc.Stock$153.4K–
AALAmerican Airlines Group Inc.Stock$107.5K–
TXNTexas Instruments IncStock$87.1K–
CATCaterpillar IncStock$73.3K–
CRWDCrowdStrike Holdings, Inc.Stock$64.1K–
ABBVAbbVie Inc.Stock$54.6K–

Sold out since Q4 2023 (133)

Positions held at the end of Q4 2023 that are gone from this filing.

The largest 100 of 133 by value last quarter.

Positions of Capula Management Ltd sold out since Q4 2023
SecurityClassShares in Q4 2023Value in Q4 2023% of portfolio in Q4 2023History
VanEck Semiconductor ETF92189F676ETF138,000$24.1M1.5%–
State Street Real Estate Select Sector SPDR ETF81369Y860ETF567,980$22.8M1.4%–
SPLKSplunk IncCOM85,535$13.0M0.8%History
iShares Tr46428743220 YR TR BD ETF75,000$7.42M0.5%–
ROVRRover Group, Inc.COMMON STOCK276,000$3.00M0.2%History
VSATViasat IncCOM88,094$2.46M0.2%History
UWMCUWM Holdings CorpCOM CL A309,094$2.21M0.1%History
BEBloom Energy CorpCOM CL A144,568$2.14M0.1%History
Textainer Group Holdings LtdG8766E109SHS40,300$1.98M0.1%–
MSGEMadison Square Garden Entertainment Corp.COM CL A57,426$1.83M0.1%History
CUBICustomers Bancorp, Inc.COM25,177$1.45M0.1%History
TGTXTG Therapeutics, Inc.COM83,997$1.43M0.1%History
LOBLive Oak Bancshares, Inc.COM31,501$1.43M0.1%History
AMCAMC Entertainment Holdings, Inc.CL A NEW229,827$1.41M0.1%History
MBINMerchants BancorpCOM31,926$1.36M0.1%History
SCSSteelcase IncCL A96,475$1.30M0.1%History
JELDJELD-WEN Holding, Inc.COM68,986$1.30M0.1%History
CWHCamping World Holdings, Inc.CL A49,198$1.29M0.1%History
iShares Inc46434G822MSCI JAPAN ETF19,719$1.26M0.1%–
COFCapital One Financial CorpStock9,503$1.25M0.1%History
OPTUOptimum Communications, Inc.CL A382,767$1.24M0.1%History
OSCROscar Health, Inc.CL A128,401$1.17M0.1%History
ACIWAci Worldwide, Inc.Stock36,907$1.13M0.1%History
LUCKLucky Strike Entertainment CorpCL A COM79,288$1.12M0.1%History
IDCCInterDigital, Inc.COM10,268$1.11M0.1%History
MLIMueller Industries IncCOM23,426$1.10M0.1%History
TTMITTM Technologies IncCOM65,790$1.04M0.1%History
ALNYAlnylam Pharmaceuticals, Inc.COM5,270$1.01M0.1%History
SSTKShutterstock, Inc.COM20,893$1.01M0.1%History
iShares Inc464286400MSCI BRAZIL ETF28,560$998.5K0.1%–
COOPMaverick Merger Sub 2, LLCCOM15,266$994.1K0.1%History
AGOAssured Guaranty LtdCOM13,209$988.4K0.1%History
DANDANA IncCOM67,354$984.0K0.1%History
UEUrban Edge PropertiesCOM53,601$980.9K0.1%History
GIIIG III Apparel Group LtdCOM28,866$980.9K0.1%History
XNCRXencor IncCOM45,849$973.4K0.1%History
LILAKLiberty Latin America Ltd.COM CL C132,192$970.3K0.1%History
DYDycom Industries IncCOM8,364$962.6K0.1%History
AIZAssurant, Inc.Stock5,712$962.4K0.1%History
FORForestar Group Inc.COM28,458$941.1K0.1%History
GTGoodyear Tire & Rubber CoCOM65,042$931.4K0.1%History
ALEAllete IncCOM NEW15,062$921.2K0.1%History
FLRFluor CorpStock23,188$908.3K0.1%History
FTDRFrontdoor, Inc.COM25,517$898.7K0.1%History
PRTAProthena Corp Public Ltd CoSHS24,310$883.4K0.1%History
DKDelek US Holdings, Inc.COM32,521$839.0K0.1%History
AHCOAdaptHealth Corp.COMMON STOCK110,534$805.8K0.1%History
PBFPBF Energy Inc.CL A17,918$787.7K<0.1%History
LILALiberty Latin America Ltd.COM CL A107,611$786.6K<0.1%History
GPREGreen Plains Inc.COM28,934$729.7K<0.1%History
BABAAlibaba Group Holding LtdADR9,000$697.6K<0.1%History
SESea LtdSPONSORD ADS15,000$607.5K<0.1%History
PENNPENN Entertainment, Inc.COM21,913$570.2K<0.1%History
NWSANews CorpCL A22,935$563.1K<0.1%History
ALGNAlign Technology IncCOM1,807$495.1K<0.1%History
WTMWhite Mountains Insurance Group LtdCOM323$486.1K<0.1%History
ZMZoom Communications, Inc.Stock6,629$476.7K<0.1%History
CNACna Financial CorpCOM10,787$456.4K<0.1%History
MPWRMonolithic Power Systems, Inc.COM680$428.9K<0.1%History
SNOWSnowflake Inc.Stock2,150$427.9K<0.1%History
GPCGenuine Parts CoStock3,077$426.2K<0.1%History
OLLIOllie's Bargain Outlet Holdings, Inc.Stock5,610$425.7K<0.1%History
MTCHMatch Group, Inc.COM11,645$425.0K<0.1%History
MCOMoodys CorpStock1,088$424.9K<0.1%History
VLOValero Energy CorpStock3,264$424.3K<0.1%History
RMDResmed IncCOM2,465$424.0K<0.1%History
LMTLockheed Martin CorpStock935$423.8K<0.1%History
STLDSteel Dynamics IncCOM3,587$423.6K<0.1%History
WINGWingstop Inc.COM1,649$423.1K<0.1%History
NUENucor CorpCOM2,431$423.1K<0.1%History
PEGAPegasystems IncCOM8,653$422.8K<0.1%History
DKSDick's Sporting Goods, Inc.Stock2,873$422.2K<0.1%History
PAYCPaycom Software, Inc.Stock2,040$421.7K<0.1%History
DVNDevon Energy CorpStock9,299$421.2K<0.1%History
PHMPultegroup IncCOM4,080$421.1K<0.1%History
SWAVShockwave Medical, Inc.COM2,210$421.1K<0.1%History
DHIHorton D R IncCOM2,771$421.1K<0.1%History
MAAMid America Apartment Communities Inc.COM3,128$420.6K<0.1%History
DECKDeckers Outdoor CorpCOM629$420.4K<0.1%History
AGLagilon health, inc.COM33,490$420.3K<0.1%History
BHFBrighthouse Financial, Inc.COM7,939$420.1K<0.1%History
WSTWest Pharmaceutical Services IncCOM1,190$419.0K<0.1%History
VEEVVeeva Systems IncStock2,176$418.9K<0.1%History
FTITechnipFMC plcCOM20,791$418.7K<0.1%History
CAHCardinal Health IncStock4,148$418.1K<0.1%History
CICigna GroupStock1,394$417.4K<0.1%History
SMARSmartsheet IncCOM CL A8,721$417.0K<0.1%History
CGCarlyle Group Inc.COM10,200$415.0K<0.1%History
SPBSpectrum Brands Holdings, Inc.COM5,202$415.0K<0.1%History
HUBSHubSpot IncCOM714$414.5K<0.1%History
HCPHashiCorp, Inc.COM CL A17,493$413.5K<0.1%History
FISVFiserv IncStock3,111$413.3K<0.1%History
RNGRingCentral, Inc.CL A12,172$413.2K<0.1%History
HHyatt Hotels CorpCOM CL A3,162$412.4K<0.1%History
HSTHost Hotels & Resorts, Inc.COM21,165$412.1K<0.1%History
TRGPTarga Resources Corp.COM4,743$412.0K<0.1%History
TDCTeradata CorpStock9,452$411.3K<0.1%History
HEIHeico CorpCOM2,295$410.5K<0.1%History
UGIUgi CorpStock16,660$409.8K<0.1%History
Paramount Global92556H107CL A20,764$408.2K<0.1%–