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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
PGProcter & Gamble CoStock2,913$472.6K<0.1%+2,913NewHistory
LDOSLeidos Holdings, Inc.COM3,622$474.8K<0.1%+3,622NewHistory
INGRIngredion IncCOM4,076$476.3K<0.1%+4,076NewHistory
iShares Inc46434G772MSCI TAIWAN ETF9,800$477.1K<0.1%+9,800New–
YUMYum Brands IncStock3,442$477.2K<0.1%+3,442NewHistory
MANManpowerGroup Inc.COM6,318$490.5K<0.1%+6,318NewHistory
SPOTSpotify Technology S.A.Stock1,867$492.7K<0.1%−377−16.8%ReducedHistory
EDConsolidated Edison IncStock5,527$501.9K<0.1%+5,527NewHistory
KMBKimberly Clark CorpStock3,882$502.1K<0.1%+3,882NewHistory
TPGTPG Inc.COM CL A11,286$504.5K<0.1%+1,698+17.7%AddedHistory
PPGPPG Industries IncStock3,527$511.1K<0.1%+3,527NewHistory
RNRRenaissancere Holdings LtdCOM2,193$515.4K<0.1%+2,193NewHistory
SRESempraStock7,231$519.4K<0.1%+7,231NewHistory
WELLWelltower Inc.REIT5,627$525.8K<0.1%+5,627NewHistory
CSLCarlisle Companies IncCOM1,352$529.8K<0.1%+1,352NewHistory
PKGPackaging Corp of AmericaStock2,822$535.6K<0.1%+2,822NewHistory
AZEKAZEK Co Inc.CL A10,682$536.5K<0.1%−4,333−28.9%ReducedHistory
NFLXNetflix IncStock884$536.9K<0.1%+17+2.0%AddedHistory
VRSNVerisign IncCOM2,852$540.5K<0.1%+2,852NewHistory
PEPPepsiCo IncStock3,106$543.6K<0.1%+3,106NewHistory
CCCCCC Intelligent Solutions Holdings Inc.COM45,613$545.5K<0.1%+45,613NewHistory
SLBSLB LimitedStock10,031$549.8K<0.1%+10,031NewHistory
ASMLASML Holding NVADR576$559.0K<0.1%+576NewHistory
EPREpr PropertiesCOM SH BEN INT13,250$562.5K<0.1%+13,250NewHistory
DKNGDraftKings Inc.Stock12,390$562.6K<0.1%+422+3.5%AddedHistory
SUISun Communities IncCOM4,436$570.4K<0.1%+4,436NewHistory
OMCOmnicom Group Inc.COM5,908$571.7K<0.1%+5,908NewHistory
AMATApplied Materials IncStock2,786$574.6K<0.1%+185+7.1%AddedHistory
EVREvercore Inc.CLASS A2,989$575.7K<0.1%+2,989NewHistory
CBChubb LtdStock2,231$578.1K<0.1%+2,231NewHistory
FAFFirst American Financial CorpStock9,595$585.8K<0.1%+9,595NewHistory
ELVElevance Health, Inc.Stock1,135$588.5K<0.1%+234+26.0%AddedHistory
AMPAmeriprise Financial IncCOM1,358$595.4K<0.1%+1,358NewHistory
BLDRBuilders FirstSource, Inc.Stock2,901$605.0K<0.1%+385+15.3%AddedHistory
CTRACoterra Energy Inc.Stock21,777$607.1K<0.1%+21,777NewHistory
HUMHumana IncStock1,783$618.2K<0.1%+865+94.2%AddedHistory
BEAMBeam Therapeutics Inc.COM18,853$622.9K<0.1%+18,853NewHistory
State Street Utilities Select Sector SPDR ETF81369Y886ETF9,585$629.3K<0.1%+9,585New–
AMRAlpha Metallurgical Resources, Inc.COM1,921$636.2K<0.1%+1,921NewHistory
LMNDLemonade, Inc.Stock39,134$642.2K<0.1%+39,134NewHistory
ESTCElastic N.V.ORD SHS6,419$643.4K<0.1%+6,419NewHistory
VERVVerve Therapeutics, Inc.COM48,467$643.6K<0.1%+3,009+6.6%AddedHistory
EHCEncompass Health CorpCOM7,802$644.3K<0.1%+7,802NewHistory
SLMSLM CorpCOM30,052$654.8K<0.1%+30,052NewHistory
MRNAModerna, Inc.Stock6,448$687.1K<0.1%+6,448NewHistory
TRVTravelers Companies, Inc.Stock2,990$688.1K<0.1%+2,990NewHistory
DEDeere & CoStock1,682$690.9K<0.1%+1,682NewHistory
COSTCostco Wholesale CorpStock954$698.9K<0.1%+902+1,734.6%AddedHistory
XRAYDentsply Sirona Inc.Stock21,409$710.6K<0.1%+21,409NewHistory
RIOTRiot Platforms, Inc.COM58,642$717.8K<0.1%+58,642NewHistory
MDXGMimedx Group, Inc.COM95,506$735.4K<0.1%+95,506NewHistory
LRCXLam Research CorpCOM764$742.3K<0.1%+196+34.5%AddedHistory
MURMurphy Oil CorpCOM16,306$745.2K<0.1%+16,306NewHistory
NKENIKE, Inc.Stock8,036$755.2K<0.1%+6,036+301.8%AddedHistory
CCOICogent Communications Holdings, Inc.COM NEW11,566$755.6K<0.1%+11,566NewHistory
ADTADT Inc.COM113,560$763.1K<0.1%+113,560NewHistory
ACMRACM Research, Inc.Stock26,333$767.3K<0.1%+26,333NewHistory
HTLDHeartland Express IncCOM65,637$783.7K<0.1%+65,637NewHistory
SHWSherwin Williams CoCOM2,257$783.9K<0.1%+2,257NewHistory
CARAvis Budget Group, Inc.COM6,426$786.9K<0.1%+6,426NewHistory
ROSTRoss Stores, Inc.COM5,390$791.0K<0.1%+5,390NewHistory
ARQTArcutis Biotherapeutics, Inc.COM79,968$792.5K<0.1%+79,968NewHistory
JANXJanux Therapeutics, Inc.COM21,352$803.9K<0.1%+21,352NewHistory
NTCTNetscout Systems IncCOM36,975$807.5K<0.1%+36,975NewHistory
AXAxos Financial, Inc.COM14,977$809.4K<0.1%+14,977NewHistory
UAUnder Armour, Inc.CL C113,934$813.5K<0.1%+113,934NewHistory
RHPRyman Hospitality Properties, Inc.COM7,038$813.7K<0.1%+7,038NewHistory
KNSAKiniksa Pharmaceuticals International, plcCOM CL A41,242$813.7K<0.1%+41,242NewHistory
FCXFreeport-McMoran IncStock17,317$814.2K<0.1%+17,317NewHistory
CABOCable One, Inc.COM1,933$817.9K<0.1%+1,933NewHistory
METAMeta Platforms, Inc.Stock1,713$831.8K<0.1%−298,287−99.4%ReducedHistory
HBANHuntington Bancshares IncCOM61,661$860.2K<0.1%+61,661NewHistory
ANDEAndersons, Inc.COM15,028$862.2K<0.1%+15,028NewHistory
HDHome Depot, Inc.Stock2,253$864.3K<0.1%+2,253NewHistory
MFAMfa Financial, Inc.COM76,092$868.2K<0.1%+76,092NewHistory
LNGCheniere Energy, Inc.COM NEW5,389$869.1K<0.1%−1,663−23.6%ReducedHistory
VCVisteon CorpCOM NEW7,392$869.4K<0.1%+7,392NewHistory
Clearway Energy, Inc.18539C105CL A40,443$869.9K<0.1%+40,443New–
AALAmerican Airlines Group Inc.Stock57,044$875.6K<0.1%+57,044NewHistory
CRGYCrescent Energy CoCL A COM73,661$876.6K<0.1%+73,661NewHistory
BCBrunswick CorpCOM9,116$879.9K<0.1%+9,116NewHistory
SITCSITE Centers Corp.COM60,282$883.1K<0.1%−15,198−20.1%ReducedHistory
SFLSFL Corp Ltd.SHS67,439$888.8K<0.1%+67,439NewHistory
MMacy's, Inc.COM44,554$890.6K<0.1%+44,554NewHistory
SPNTSiriusPoint LtdCOM70,244$892.8K<0.1%+70,244NewHistory
WTTRSelect Water Solutions, Inc.CL A COM97,257$897.7K<0.1%+97,257NewHistory
DBRGDigitalBridge Group, Inc.CL A NEW46,886$903.5K<0.1%−11,339−19.5%ReducedHistory
MACMacerich CoCOM52,945$912.2K<0.1%+52,945NewHistory
PFEPfizer IncStock32,898$912.9K<0.1%+32,898NewHistory
LPGDorian LPG Ltd.SHS USD24,004$923.2K<0.1%+2,091+9.5%AddedHistory
KOSKosmos Energy Ltd.COM155,331$925.8K<0.1%+155,331NewHistory
NSANational Storage Affiliates TrustCOM SHS BEN IN23,698$928.0K<0.1%+23,698NewHistory
JHGJanus Henderson Group Ltd.ORD SHS28,254$929.3K<0.1%+28,254NewHistory
EOGEOG Resources IncStock7,275$930.0K<0.1%+7,275NewHistory
VIRVir Biotechnology, Inc.COM92,153$933.5K<0.1%+92,153NewHistory
FFord Motor CoStock70,431$935.3K<0.1%+70,431NewHistory
SUPNSupernus Pharmaceuticals, Inc.COM27,693$944.6K<0.1%+27,693NewHistory
TNLTravel & Leisure Co.COM19,381$948.9K<0.1%+19,381NewHistory
ALPNAlpine Immune Sciences, Inc.COM23,970$950.2K<0.1%+23,970NewHistory
STNEStoneCo Ltd.COM57,395$953.3K<0.1%−21,893−27.6%ReducedHistory

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%–