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Livermore
Livermore
ZHEN

Capula Management Ltd

SEC CIK
0001557017
Latest filing
Aug 14, 2026

Holdings in Q2 2024

Holdings as of Jun 30, 2024, filed Aug 5, 2024. Long positions only; changes compare share counts with Q1 2024.

Institution overview
Positions
283
−86 vs. Q1 2024
Portfolio value
$8.94B
+$5.99B (+202.6%) vs. Q1 2024
Filed
Aug 5, 2024
SEC
Holdings of Capula Management Ltd in Q2 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF8,779,044$4.80B53.7%+8,779,044New–
SPYSPDR S&P 500 ETF TrustETF1,947,499$1.06B11.9%−1,642,440−45.8%ReducedHistory
NVDANVIDIA CorpStock5,974,327$738.1M8.3%+5,972,117+270,231.5%AddedConverted for a 10-for-1 splitHistory
AMZNAmazon Com IncStock2,320,000$448.3M5.0%+1,668,540+256.1%AddedHistory
AAPLApple Inc.Stock1,447,570$304.9M3.4%+1,174,345+429.8%AddedHistory
IBITiShares Bitcoin Trust ETFETF7,419,208$253.3M2.8%+7,419,208NewHistory
FBTCFidelity Wise Origin Bitcoin FundSHS4,022,346$211.0M2.4%+4,022,346NewHistory
AVGOBroadcom Inc.Stock115,963$186.2M2.1%+115,784+64,683.8%AddedHistory
MSFTMicrosoft CorpStock326,112$145.8M1.6%+323,468+12,234.0%AddedHistory
AMDAdvanced Micro Devices IncStock502,049$81.4M0.9%+501,199+58,964.6%AddedHistory
Invesco QQQ Trust Series I46090E103ETF144,584$69.3M0.8%−40,887−22.0%Reduced–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF550,000$58.9M0.7%+550,000New–
CCitigroup IncStock781,861$49.6M0.6%+779,598+34,449.8%AddedHistory
NFLXNetflix IncStock60,634$40.9M0.5%+59,750+6,759.0%AddedHistory
BRK.BBerkshire Hathaway IncStock90,000$36.6M0.4%+89,215+11,365.0%AddedHistory
DHIHorton D R IncCOM194,100$27.4M0.3%+194,100NewHistory
BKRBaker Hughes CoCL A695,500$24.5M0.3%+695,500NewHistory
MROMarathon Oil CorpCOM838,000$24.0M0.3%+827,282+7,718.6%AddedHistory
CSCOCisco Systems, Inc.Stock456,300$21.7M0.2%+456,300NewHistory
iShares Tr464287234MSCI EMG MKT ETF320,300$13.6M0.2%−61,966−16.2%Reduced–
WRKWestRock CoCOM258,321$13.0M0.1%+173,274+203.7%AddedHistory
HCPHashiCorp, Inc.COM CL A360,900$12.2M0.1%+360,900NewHistory
Nuvei Corp67079A102COM375,490$12.2M0.1%+375,490New–
HESHess CorpStock81,790$12.1M0.1%+68,790+529.2%AddedHistory
HAYNHaynes International IncCOM NEW200,065$11.7M0.1%+96,075+92.4%AddedHistory
EVBGEverbridge, Inc.COM300,000$10.5M0.1%+300,000NewHistory
Olink Hldg AB680710100SPONSORED ADS400,970$10.2M0.1%+400,970New–
LBRDKLiberty Broadband CorpCOM SER C178,186$9.77M0.1%+18,765+11.8%AddedHistory
Atlantica Sustainable Infr PG0751N103SHS419,628$9.21M0.1%+419,628New–
iShares Tr46429B671MSCI CHINA ETF184,700$7.79M0.1%+184,700New–
State Street Utilities Select Sector SPDR ETF81369Y886ETF112,325$7.65M0.1%+102,740+1,071.9%Added–
SQSPSquarespace, Inc.CLASS A167,114$7.29M0.1%+167,114NewHistory
SRDXSurmodics IncCOM165,121$6.94M0.1%+165,121NewHistory
VanEck Semiconductor ETF92189F676ETF24,361$6.35M0.1%+24,361New–
ATRIAtrion CorpCOM13,874$6.28M0.1%+13,874NewHistory
AMKAssetMark Financial Holdings, Inc.COM175,000$6.05M0.1%+175,000NewHistory
SRCLStericycle IncCOM103,000$5.99M0.1%+103,000NewHistory
PRFTPerficient IncCOM80,000$5.98M0.1%+80,000NewHistory
CPRICapri Holdings LtdSHS170,000$5.62M0.1%−9,539−5.3%ReducedHistory
AGSPlayAGS, Inc.COM431,303$4.96M0.1%+431,303NewHistory
ALEAllete IncCOM NEW72,000$4.49M0.1%+72,000NewHistory
CENTACentral Garden & Pet CoCL A NON-VTG131,974$4.36M<0.1%−65,071−33.0%ReducedHistory
WDAYWorkday, Inc.CL A18,701$4.18M<0.1%−1,512−7.5%ReducedHistory
UAAUnder Armour, Inc.Stock592,636$3.95M<0.1%−168,793−22.2%ReducedHistory
ACIAlbertsons Companies, Inc.COMMON STOCK200,000$3.95M<0.1%+200,000NewHistory
SBOWSilverbow Resources, Inc.COM82,513$3.12M<0.1%+82,513NewHistory
DUKDuke Energy CORPStock28,344$2.84M<0.1%+28,344NewHistory
CRHCRH Public Ltd CoORD33,750$2.53M<0.1%−11,399−25.2%ReducedHistory
CCLCarnival Corp Ltd.UNIT 99/99/9999133,120$2.49M<0.1%+133,120NewHistory
SPDR Index Shs FDS78463X400SP CHINA ETF34,343$2.35M<0.1%+34,343New–
Starz Entertainment Corp535919500CL B NON VTG267,662$2.29M<0.1%+267,662New–
FWONKLiberty Media CorpCOM LBTY ONE S C29,200$2.10M<0.1%+29,200NewHistory
HEI.AHeico CorpCL A11,079$1.97M<0.1%+11,079NewHistory
MLCOMelco Resorts & Entertainment LTDADR261,122$1.95M<0.1%+198,822+319.1%AddedHistory
RIORio Tinto PLCADR28,939$1.91M<0.1%−53,363−64.8%ReducedHistory
SWNSouthwestern Energy CoCOM274,755$1.85M<0.1%+217,992+384.0%AddedHistory
AAAlcoa CorpStock45,623$1.81M<0.1%+45,623NewHistory
Clearway Energy, Inc.18539C105CL A77,936$1.77M<0.1%+37,493+92.7%Added–
iShares MSCI India ETF46429B598ETF31,300$1.75M<0.1%−10,522−25.2%Reduced–
CRWDCrowdStrike Holdings, Inc.Stock4,470$1.71M<0.1%−7,519−62.7%ReducedHistory
Invesco Exch Traded FD Tr II46138E800CHINA TECHNLGY48,600$1.63M<0.1%+48,600New–
FERGFerguson Enterprises Inc.SHS8,378$1.62M<0.1%−5,276−38.6%ReducedHistory
KKRKKR & Co. Inc.COM15,100$1.59M<0.1%+15,100NewHistory
CNSLConsolidated Communications Holdings, Inc.COM340,000$1.50M<0.1%+43,972+14.9%AddedHistory
NWLNewell Brands Inc.Stock218,212$1.40M<0.1%+175,716+413.5%AddedHistory
HDBHDFC Bank LtdSPONSORED ADS21,600$1.39M<0.1%+21,600NewHistory
COINCoinbase Global, Inc.COM CL A6,087$1.35M<0.1%+6,087NewHistory
AVDLAvadel Pharmaceuticals PLCStock96,043$1.35M<0.1%+96,043NewHistory
NRGNRG Energy, Inc.Stock16,966$1.32M<0.1%+10,880+178.8%AddedHistory
TDSTelephone & Data Systems IncCOM NEW59,194$1.23M<0.1%+59,194NewHistory
BLBDBlue Bird CorpCOM22,644$1.22M<0.1%−4,556−16.8%ReducedHistory
VIRTVirtu Financial, Inc.CL A53,879$1.21M<0.1%+53,879NewHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF5,171$1.17M<0.1%−61,542−92.2%Reduced–
PTGXProtagonist Therapeutics, IncCOM32,963$1.14M<0.1%+32,963NewHistory
VITLVital Farms, Inc.COM22,389$1.05M<0.1%+22,389NewHistory
CNKCinemark Holdings, Inc.COM48,331$1.04M<0.1%+48,331NewHistory
STLAStellantis N.V.SHS55,614$1.03M<0.1%−343−0.6%ReducedHistory
THCTenet Healthcare CorpCOM NEW7,565$1.01M<0.1%−2,499−24.8%ReducedHistory
CNRCore Natural Resources, Inc.COM9,826$1.00M<0.1%+9,826NewHistory
BCRXBiocryst Pharmaceuticals IncCOM161,296$996.8K<0.1%+161,296NewHistory
UALUnited Airlines Holdings, Inc.COM20,485$996.8K<0.1%+20,485NewHistory
NSANational Storage Affiliates TrustCOM SHS BEN IN23,902$985.2K<0.1%+204+0.9%AddedHistory
TNDMTandem Diabetes Care IncCOM NEW23,256$937.0K<0.1%+23,256NewHistory
SMCISuper Micro Computer, Inc.COM1,114$912.8K<0.1%+1,114NewHistory
ALEXAlexander & Baldwin, Inc.COM53,703$910.8K<0.1%+53,703NewHistory
GAPGap IncCOM37,740$901.6K<0.1%−21,386−36.2%ReducedHistory
HBIHanesbrands Inc.COM181,628$895.4K<0.1%+181,628NewHistory
PFEPfizer IncStock31,931$893.4K<0.1%−967−2.9%ReducedHistory
SYFSynchrony FinancialCOM18,887$891.3K<0.1%+18,887NewHistory
CENXCentury Aluminum CoCOM53,091$889.3K<0.1%+53,091NewHistory
MTHMeritage Homes CORPCOM5,491$888.7K<0.1%+5,491NewHistory
BRSLBrightstar Lottery PLCSHS USD43,076$881.3K<0.1%+43,076NewHistory
SPNTSiriusPoint LtdCOM72,148$880.2K<0.1%+1,904+2.7%AddedHistory
MBINMerchants BancorpCOM21,641$877.3K<0.1%+21,641NewHistory
BMBLBumble Inc.COM CL A82,773$869.9K<0.1%+82,773NewHistory
ROIVRoivant Sciences Ltd.SHS81,804$864.7K<0.1%+81,804NewHistory
JBGSJBG Smith PropertiesCOM56,627$862.4K<0.1%+56,627NewHistory
CWTCalifornia Water Service GroupCOM17,697$858.1K<0.1%+17,697NewHistory
BPMCBlueprint Medicines CorpCOM7,939$855.7K<0.1%+7,939NewHistory
JBLUJetBlue Airways CorpCOM139,349$848.6K<0.1%−22,865−14.1%ReducedHistory

Options (84)

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 Q2 2024
SecurityClassPutsCalls
NVDANVIDIA CorpStock$652.5M$12.5M
iShares Tr46428743220 YR TR BD ETF$238.6M$238.6M
Invesco QQQ Trust Series I46090E103ETF$263.5M$155.7M
AMZNAmazon Com IncStock$336.4M$8.29M
AAPLApple Inc.Stock$230.9M$12.9M
AVGOBroadcom Inc.Stock$189.5M$4.98M
State Street Utilities Select Sector SPDR ETF81369Y886ETF$52.1M$94.0M
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF–$144.6M
SPYSPDR S&P 500 ETF TrustETF$68.0M$27.2M
AMDAdvanced Micro Devices IncStock$83.7M$2.25M
MSFTMicrosoft CorpStock$61.8M$13.9M
iShares Tr464287234MSCI EMG MKT ETF–$58.9M
VanEck Semiconductor ETF92189F676ETF$57.4M–
DUKDuke Energy CORPStock$25.1M$25.1M
BRK.BBerkshire Hathaway IncStock$36.6M–
GOOGLAlphabet Inc.Stock$10.5M$8.01M
METAMeta Platforms, Inc.Stock$6.35M$6.45M
TSLATesla, Inc.Stock$3.54M$3.42M
COSTCostco Wholesale CorpStock$2.72M$2.63M
CPRICapri Holdings LtdSHS$4.96M–
NFLXNetflix IncStock$2.63M$2.02M
ADBEAdobe Inc.Stock$2.78M$1.61M
IPInternational Paper CoCOM–$4.32M
VanEck ETF Trust92189F106GOLD MINERS ETF–$4.07M
PEPPepsiCo IncStock$2.06M$1.85M
XUnited States Steel CorpCOM–$3.78M
QCOMQualcomm IncStock$1.71M$1.69M
TXNTexas Instruments IncStock$1.60M$1.73M
LINLinde PLCStock$1.54M$1.49M
CSCOCisco Systems, Inc.Stock$1.46M$1.46M
AMATApplied Materials IncStock$1.42M$1.39M
LLYEli Lilly & CoStock$1.27M$1.27M
HDHome Depot, Inc.Stock$1.79M$619.6K
JPMJPMorgan Chase & CoStock$1.25M$1.13M
TMUST-Mobile US, Inc.Stock$1.15M$1.15M
PGProcter & Gamble CoStock$1.37M$742.1K
INTUIntuit Inc.Stock$1.25M$854.4K
KLACKLA CorpCOM NEW$1.57M$494.7K
XOMExxonMobil Holdings CorpCOM$1.02M$1.00M
UNHUnitedHealth Group IncStock$967.6K$967.6K
ABBVAbbVie Inc.Stock$909.1K$874.8K
JNJJohnson & JohnsonStock$993.9K$672.3K
VVisa Inc.Stock$813.7K$787.4K
LRCXLam Research CorpCOM$1.06M$532.4K
WMTWalmart Inc.Stock$1.00M$541.7K
MAMastercard IncStock$705.9K$705.9K
VZVerizon Communications IncStock$853.7K$532.0K
BACBank of America CorpStock$775.5K$521.0K
AKAMAkamai Technologies IncCOM–$1.29M
MUMicron Technology IncStock$854.9K$420.9K
FCXFreeport-McMoran IncStock$349.9K$918.5K
CVXChevron CorpStock$719.5K$516.2K
CRMSalesforce, Inc.Stock$617.0K$617.0K
MRKMerck & Co., Inc.Stock$606.6K$594.2K
iShares Tr464287184CHINA LG-CAP ETF–$1.16M
RHRHCOM$1.15M–
PMPhilip Morris International Inc.Stock$678.9K$405.3K
INTCIntel CorpStock$582.2K$427.4K
KOCoca Cola CoStock$496.5K$490.1K
WDCWestern Digital CorpCOM$401.6K$522.8K
MRVLMarvell Technology, Inc.COM$293.6K$622.1K
ORCLOracle CorpStock$367.1K$522.4K
TMOThermo Fisher Scientific Inc.Stock$442.4K$442.4K
DHRDanaher CorpStock$549.7K$324.8K
WFCWells Fargo & CompanyStock$415.7K$409.8K
MCDMcDonalds CorpStock$382.3K$356.8K
DISWalt Disney CoStock$357.4K$357.4K
AMGNAmgen IncStock$374.9K$312.4K
ABTAbbott LaboratoriesStock$353.3K$332.5K
ADIAnalog Devices IncStock$410.9K$273.9K
ACNAccenture plcStock$333.8K$333.8K
CATCaterpillar IncStock$333.1K$333.1K
PFEPfizer IncStock$324.6K$327.4K
GEGeneral Electric CoStock$333.8K$317.9K
HUMHumana IncStock$597.8K–
MOAltria Group, Inc.Stock$564.8K–
MSMorgan StanleyStock$554.0K–
TAT&T Inc.Stock$496.9K–
CMCSAComcast CorpStock$489.5K–
ASMLASML Holding NVADR$409.1K–
NOWServiceNow, Inc.Stock$236.0K$157.3K
MRNAModerna, Inc.Stock$166.3K–
GMGeneral Motors CoCOM$134.7K–
CCitigroup IncStock$126.9K–

Sold out since Q1 2024 (247)

Positions held at the end of Q1 2024 that are gone from this filing.

The largest 100 of 247 by value last quarter.

Positions of Capula Management Ltd sold out since Q1 2024
SecurityClassShares in Q1 2024Value in Q1 2024% of portfolio in Q1 2024History
iShares Tr464288513IBOXX HI YD ETF2,421,168$188.2M6.4%–
UNPUnion Pacific CorpStock180,418$44.4M1.5%History
GOOGAlphabet Inc.Stock200,000$30.5M1.0%History
LYVLive Nation Entertainment, Inc.COM250,000$26.4M0.9%History
Invesco Exch Traded FD Tr II46138G508SR LN ETF1,186,000$25.1M0.8%–
GLDSPDR Gold TrustETF48,341$9.94M0.3%History
State Street Financial Select Sector SPDR ETF81369Y605ETF183,965$7.75M0.3%–
PBRPetrobras - Petroleo Brasileiro SASPONSORED ADR358,010$5.45M0.2%History
XOMExxonMobil Holdings CorpCOM46,206$5.37M0.2%History
NWLINational Western Life Group, Inc.CL A9,424$4.64M0.2%History
VNOMViper Energy, Inc.COM105,406$4.05M0.1%History
iShares Tr464287184CHINA LG-CAP ETF148,044$3.56M0.1%–
ETRNMidstream Co LLCCOM219,034$2.74M0.1%History
VanEck ETF Trust92189F106GOLD MINERS ETF78,828$2.49M0.1%–
CPTCamden Property TrustREIT15,492$1.52M0.1%History
HIIHuntington Ingalls Industries, Inc.COM5,183$1.51M0.1%History
ALLAllstate CorpStock8,623$1.49M0.1%History
PKPark Hotels & Resorts Inc.COM76,364$1.34M<0.1%History
SPDR Series Trust78464A755ST STR SP METAL21,843$1.32M<0.1%–
MCYMercury General CorpCOM21,063$1.09M<0.1%History
KALUKaiser Aluminum CorpCOM PAR $0.0111,849$1.06M<0.1%History
GESGuess IncCOM32,759$1.03M<0.1%History
CTASCintas CorpStock1,482$1.02M<0.1%History
PPLIPeople IncCOM NEW19,003$1.01M<0.1%History
MPCMarathon Petroleum CorpStock4,998$1.01M<0.1%History
BGBunge Global SACOM SHS9,820$1.01M<0.1%History
CRUSCirrus Logic, Inc.Stock10,846$1.00M<0.1%History
CLHClean Harbors IncCOM4,981$1.00M<0.1%History
CNXCNX Resources CorpCOM41,633$987.5K<0.1%History
SONOSonos IncCOM51,646$984.4K<0.1%History
ETREntergy CorpCOM9,293$982.1K<0.1%History
MAXMediaAlpha, Inc.CL A48,161$981.0K<0.1%History
KSSKOHLS CorpStock33,524$977.2K<0.1%History
BFHBread Financial Holdings, Inc.COM26,044$969.9K<0.1%History
GLNGGolar LNG LtdSHS40,273$969.0K<0.1%History
BXCBlueLinx Holdings Inc.COM NEW7,344$956.5K<0.1%History
ALPNAlpine Immune Sciences, Inc.COM23,970$950.2K<0.1%History
SUPNSupernus Pharmaceuticals, Inc.COM27,693$944.6K<0.1%History
FFord Motor CoStock70,431$935.3K<0.1%History
VIRVir Biotechnology, Inc.COM92,153$933.5K<0.1%History
EOGEOG Resources IncStock7,275$930.0K<0.1%History
JHGJanus Henderson Group Ltd.ORD SHS28,254$929.3K<0.1%History
LPGDorian LPG Ltd.SHS USD24,004$923.2K<0.1%History
MACMacerich CoCOM52,945$912.2K<0.1%History
DBRGDigitalBridge Group, Inc.CL A NEW46,886$903.5K<0.1%History
WTTRSelect Water Solutions, Inc.CL A COM97,257$897.7K<0.1%History
MMacy's, Inc.COM44,554$890.6K<0.1%History
SFLSFL Corp Ltd.SHS67,439$888.8K<0.1%History
SITCSITE Centers Corp.COM60,282$883.1K<0.1%History
BCBrunswick CorpCOM9,116$879.9K<0.1%History
CRGYCrescent Energy CoCL A COM73,661$876.6K<0.1%History
AALAmerican Airlines Group Inc.Stock57,044$875.6K<0.1%History
VCVisteon CorpCOM NEW7,392$869.4K<0.1%History
LNGCheniere Energy, Inc.COM NEW5,389$869.1K<0.1%History
MFAMfa Financial, Inc.COM76,092$868.2K<0.1%History
ANDEAndersons, Inc.COM15,028$862.2K<0.1%History
HBANHuntington Bancshares IncCOM61,661$860.2K<0.1%History
METAMeta Platforms, Inc.Stock1,713$831.8K<0.1%History
CABOCable One, Inc.COM1,933$817.9K<0.1%History
FCXFreeport-McMoran IncStock17,317$814.2K<0.1%History
KNSAKiniksa Pharmaceuticals International, plcCOM CL A41,242$813.7K<0.1%History
RHPRyman Hospitality Properties, Inc.COM7,038$813.7K<0.1%History
UAUnder Armour, Inc.CL C113,934$813.5K<0.1%History
AXAxos Financial, Inc.COM14,977$809.4K<0.1%History
NTCTNetscout Systems IncCOM36,975$807.5K<0.1%History
JANXJanux Therapeutics, Inc.COM21,352$803.9K<0.1%History
ARQTArcutis Biotherapeutics, Inc.COM79,968$792.5K<0.1%History
ROSTRoss Stores, Inc.COM5,390$791.0K<0.1%History
CARAvis Budget Group, Inc.COM6,426$786.9K<0.1%History
SHWSherwin Williams CoCOM2,257$783.9K<0.1%History
HTLDHeartland Express IncCOM65,637$783.7K<0.1%History
ACMRACM Research, Inc.Stock26,333$767.3K<0.1%History
ADTADT Inc.COM113,560$763.1K<0.1%History
CCOICogent Communications Holdings, Inc.COM NEW11,566$755.6K<0.1%History
MURMurphy Oil CorpCOM16,306$745.2K<0.1%History
MDXGMimedx Group, Inc.COM95,506$735.4K<0.1%History
XRAYDentsply Sirona Inc.Stock21,409$710.6K<0.1%History
DEDeere & CoStock1,682$690.9K<0.1%History
TRVTravelers Companies, Inc.Stock2,990$688.1K<0.1%History
EHCEncompass Health CorpCOM7,802$644.3K<0.1%History
VERVVerve Therapeutics, Inc.COM48,467$643.6K<0.1%History
ESTCElastic N.V.ORD SHS6,419$643.4K<0.1%History
AMRAlpha Metallurgical Resources, Inc.COM1,921$636.2K<0.1%History
BEAMBeam Therapeutics Inc.COM18,853$622.9K<0.1%History
CTRACoterra Energy Inc.Stock21,777$607.1K<0.1%History
AMPAmeriprise Financial IncCOM1,358$595.4K<0.1%History
ELVElevance Health, Inc.Stock1,135$588.5K<0.1%History
CBChubb LtdStock2,231$578.1K<0.1%History
OMCOmnicom Group Inc.COM5,908$571.7K<0.1%History
DKNGDraftKings Inc.Stock12,390$562.6K<0.1%History
EPREpr PropertiesCOM SH BEN INT13,250$562.5K<0.1%History
SLBSLB LimitedStock10,031$549.8K<0.1%History
CCCCCC Intelligent Solutions Holdings Inc.COM45,613$545.5K<0.1%History
VRSNVerisign IncCOM2,852$540.5K<0.1%History
PKGPackaging Corp of AmericaStock2,822$535.6K<0.1%History
WELLWelltower Inc.REIT5,627$525.8K<0.1%History
SRESempraStock7,231$519.4K<0.1%History
RNRRenaissancere Holdings LtdCOM2,193$515.4K<0.1%History
PPGPPG Industries IncStock3,527$511.1K<0.1%History
KMBKimberly Clark CorpStock3,882$502.1K<0.1%History