13F Insight
DOSSIER · 13F-HR · Q2 2026

Capula Management Ltd

$20.0B in tracked AUM across 960 positions as of Q2 2026.

CM
CIK 0001557017 · last filed Jun 30, 2026
Total AUM
$20.0B
as of Q2 2026
Holdings
960
—
positions
Whale Score
73
73
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

Capula Management Ltd’s 13F filing for the period ending September 30, 2025, reveals a substantial expansion in assets under management (AUM), with the total portfolio value surging by 86.6% from $10.76 billion to $20.09 billion. This near-doubling of capital suggests significant net inflows or strong market performance on existing positions during a quarter characterized by heightened market activity. The portfolio consists of 913 holdings, indicating a high degree of di...

Key Holdings

The portfolio is dominated by large-scale ETF positions, which form the core of its equity exposure. The iShares Core S&P 500 ETF (IVV) is the largest holding, valued at $6.98 billion (34.77% of the portfolio), followed by the SPDR S&P 500 ETF Trust (SPY) at $2.07 billion (10.32%). Combined, these two positions account for nearly 45% of the total assets, indicating a strong anchoring in U.S. large-cap equities.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
IVV
ISHARES TR
$15.0B20.1M53.7%02
SPY
STATE STR SPDR S&P 500 ETF T
$3.8B5.0M13.4%03
BABA
ALIBABA GROUP HLDG LTD
$665M6.9M2.4%04
QQQ
INVESCO QQQ TR
$604M820K2.2%05
BA
BOEING CO
$416M1.9M1.5%06
TSLA
TESLA INC
$412M979K1.5%07
WDC
WESTERN DIGITAL CORP
$359M561K1.3%08
UBER
UBER TECHNOLOGIES INC
$319M4.4M1.1%09
INTC
INTEL CORP
$302M2.2M1.1%10
PDD
PDD HOLDINGS INC
$301M3.9M1.1%

Filing history

2026Q2Jun 30
$28.0B▲ 99.0%
1,029 positionsView →2026Q1Mar 31
$14.1B▼ 29.6%
1,256 positionsView →2025Q4Dec 31
$20.0B▼ 0.6%
960 positionsView →2025Q3Sep 30
$20.1B▲ 86.6%
913 positionsView →2025Q2Jun 30
$10.8B▲ 110.8%
715 positionsLocked2025Q1Mar 31
$5.1B▼ 70.3%
420 positionsLocked2024Q4Dec 31
$17.2B▲ 74.4%
479 positionsLocked2024Q3Sep 30
$9.9B▼ 19.1%
528 positionsLocked2024Q2Jun 30
$12.2B▲ 188.8%
466 positionsLocked2024Q1Mar 31
$4.2B▲ 69.0%
544 positionsLocked2023Q4Dec 31
$2.5B▼ 47.6%
303 positionsLocked2023Q3Sep 30
$4.8B▲ 16.4%
554 positionsLocked
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