Capula Management Ltd — 13F Holdings & Portfolio
CIK 1557017 · latest 13F-HR filed 2026-08-14
Capula Management Ltd manages $27.98B in 13F-reported U.S. long-equity assets across 1,029 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (47.27%), SPY (12.06%), IVV (6.27%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 80 new positions and exited 190; 98 existing positions rose in reported value and 112 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$27.98B
Long-equity book
Holdings
1,029
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+80 / −190 / ↑98 / ↓112
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26IVV66.0% · +120%SPY15.1% · -25%BABA1.4% · +2819%BA0.9% · +13323%WDC0.8% · newUBER0.7% · +44158%HYG0.7% · +2037%INTC0.6% · +1228%PDD0.6% · +10790%WMT0.6% · +10700%AVGO0.5% · +731%TSLA0.5% · +442%AMGN0.5% · +491808%LIN0.5% · +435074%LQD0.4% · +1249%CRDO0.4% · +832%MSTR0.4% · +22397%WBD0.4% · +155%QCOM0.3% · +2574%KLAC0.3% · +13474%NKE0.3% · +21876%ADI0.3% · +2198%ULTA0.3% · newKVUE0.3% · +36%AAOI0.2% · newSOFI0.2% · newAES0.2% · +42%ECHO0.2% · newPYPL0.2% · +65719%VCIT0.2% · newAXON0.2% · +95138%OGN0.2% · newEVRG0.2% · +183233%NVDA0.2% · -45%VAL0.2% · +822%GEV0.2% · +2119%ANET0.1% · +17352%VRT0.1% · newHLT0.1% · +13880%UPS0.1% · +50182%WBS0.1% · +187%FXI0.1% · -11%COR0.1% · newMAR0.1% · +9663%GTLS0.1% · -21%PEN0.1% · -18%JAZZ0.1% · +149900%NSC0.1% · -45%XLP0.1% · +1492%CEG0.1% · +800%COIN0.1% · +142803%QQQ0.1% · -8%CDNS0.1% · +946%CLS0.1% · newXLC0.1% · +190%VOO0.1% · -56%IWM0.1% · -30%IBM0.1% · +9628%TXNM0.1% · +754%XLY0.1% · new
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 87.4%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Jun 12, 2026.
This firm reports 1 disclosure item on its registration.
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ASAI, MASAO Control | MEMBER since Oct 2005 | 5–10% | Individual |
| BEDWIN, MICHELLE, ANNE Control | CHIEF COMPLIANCE OFFICER since Apr 2023 | Less than 5% | Individual |
| BLOOM, JONATHAN, SIMON Control | CHIEF LEGAL OFFICER since Jul 2011 | Less than 5% | Individual |
| CAPULA INVESTMENT SERVICES LTD Control | MEMBER since Jun 2005 | Less than 5% | Foreign Entity |
| CORSALINI, ENRICO, JOSEPH Control | CHIEF EXECUTIVE OFFICER since Jul 2024 | Less than 5% | Individual |
| DHAWAN, SALIL Control | CHIEF OPERATING OFFICER, DEPUTY CEO since Jul 2024 | Less than 5% | Individual |
| HUO, YAN Control | CHIEF INVESTMENT OFFICER, MEMBER since Oct 2005 | 25–50% | Individual |
| POWELL, MARK, JOHN Control | CHIEF FINANCIAL OFFICER since Jan 2025 | Less than 5% | Individual |
| CML HOLDINGS LLC | MEMBER since Oct 2017 | 10–25% | Foreign Entity |
| DAIICHI LIFE GROUP, INC. | SHAREHOLDER since May 2025 | 10–25% | Foreign Entity |
| WU, BING-LE | MEMBER since Apr 2008 | Less than 5% | Individual |
| AFFILIATED MANAGERS GROUP, INC. Control Indirect owner via AMG GAMMA HOLDINGS LTD. | MEMBER since Jun 2016 | 75% or more | Domestic Entity |
| AMG CONCEPTION HOLDINGS 3 LTD. Control Indirect owner via CML HOLDINGS LLC | MEMBER since Oct 2017 | 75% or more | Foreign Entity |
| AMG GAMMA HOLDINGS LTD. Control Indirect owner via AMG CONCEPTION HOLDINGS 3 LTD. | MEMBER since Jun 2016 | 75% or more | Foreign Entity |
| CAPULA MANAGEMENT LIMITED Control Indirect owner via CAPULA INVESTMENT SERVICES LTD | SHAREHOLDER since Jun 2005 | General partner, trustee or manager | Foreign Entity |
| HUO, YAN Control Indirect owner via CAPULA MANAGEMENT LIMITED | SHAREHOLDER since Aug 2005 | 25–50% | Individual |
Ownership & leadership changes · 19 filings with changes since Mar 29, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Jun 12, 2026 filing
- No longer listedLOWE, SAMUEL, XUN-WEI · CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person · listed since Jan 2025
- AddedDAIICHI LIFE GROUP, INC. · SHAREHOLDER · 10–25%
Jun 30, 2025 filing
- No longer listedWARREN, PETER, JOHN CURTIS · PRESIDENT · Less than 5% · control person · listed since Jul 2024
- AddedPOWELL, MARK, JOHN · CHIEF FINANCIAL OFFICER · Less than 5% · control person
- ChangedCAPULA INVESTMENT SERVICES LTD · now a control person
- ChangedLOWE, SAMUEL, XUN-WEI · title CHIEF FINANCIAL OFFICER → CHIEF ADMINISTRATIVE OFFICER
Jul 12, 2024 filing
- AddedCORSALINI, ENRICO, JOSEPH · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ChangedASAI, MASAO · title MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP → MEMBER
- ChangedBEDWIN, MICHELLE, ANNE · title CHIEF COMPLIANCE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP → CHIEF COMPLIANCE OFFICER
- ChangedBLOOM, JONATHAN, SIMON · title CHIEF LEGAL OFFICER, CAPULA INVESTMENT MANAGEMENT LLP → CHIEF LEGAL OFFICER
- ChangedCML HOLDINGS LLC · title MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP → MEMBER
- ChangedDHAWAN, SALIL · title CO-CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER, DEPUTY CEO
- ChangedHUO, YAN · title CHIEF INVESTMENT OFFICER, CHIEF EXECUTIVE OFFICER, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP → CHIEF INVESTMENT OFFICER, MEMBER
- ChangedLOWE, SAMUEL, XUN-WEI · title CHIEF FINANCIAL OFFICER, CAPULA INVESTMENT MANAGEMENT LLP → CHIEF FINANCIAL OFFICER
- ChangedWARREN, PETER, JOHN CURTIS · title CO-CHIEF OPERATING OFFICER → PRESIDENT
- ChangedWU, BING-LE · title MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP → MEMBER
Jun 27, 2024 filing
- No longer listedNaud, John, Douglas · PRESIDENT, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person · listed since Dec 2020
Apr 6, 2023 filing
- No longer listedAMG CONCEPTION HOLDINGS 1 LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 3 LTD. · control person · listed since Jun 2016
- No longer listedAMG GAMMA HOLDINGS LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 1 LTD. · control person · listed since Jun 2016
- No longer listedCOVINO, JEREMY, PAUL · CHIEF COMPLIANCE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person · listed since Apr 2017
- AddedAMG GAMMA HOLDINGS LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 3 LTD. · control person
- AddedBEDWIN, MICHELLE, ANNE · CHIEF COMPLIANCE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person
Jun 29, 2022 filing
- No longer listedGENTZEL, HANS, FREDRIK · CHIEF EXECUTIVE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person · listed since Nov 2019
- No longer listedWHITEHEAD, jenniffer · CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Oct 2021
- AddedDHAWAN, SALIL · CO-CHIEF OPERATING OFFICER · Less than 5% · control person
- AddedWARREN, PETER, JOHN CURTIS · CO-CHIEF OPERATING OFFICER · Less than 5% · control person
- ChangedHUO, YAN · title CHIEF INVESTMENT OFFICER, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP → CHIEF INVESTMENT OFFICER, CHIEF EXECUTIVE OFFICER, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP
Jan 17, 2022 filing
- AddedWHITEHEAD, jenniffer · CHIEF OPERATING OFFICER · Less than 5% · control person
Jun 30, 2021 filing
- ChangedBLOOM, JONATHAN, SIMON · now a control person
- ChangedCOVINO, JEREMY, PAUL · now a control person
- ChangedLOWE, SAMUEL, XUN-WEI · now a control person
- ChangedNaud, John, Douglas · now a control person
May 20, 2021 filing
- No longer listedPANNEPACKER, DAVID, ANDREW · CHIEF OPERATING OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · listed since May 2020
Feb 26, 2021 filing
- AddedNaud, John, Douglas · PRESIDENT, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5%
- AddedPANNEPACKER, DAVID, ANDREW · CHIEF OPERATING OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5%
- ChangedGENTZEL, HANS, FREDRIK · title CHIEF OPERATING OFFICER, PRESIDENT, CAPULA INVESTMENT MANAGEMENT LLP → CHIEF EXECUTIVE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP
- ChangedWU, BING-LE · ownership 5–10% → Less than 5%
Older changes (10 more filings)
Jun 29, 2020 filing
- No longer listedAMG CONCEPTION HOLDINGS 1 LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 2 LTD. · control person · listed since Jun 2016
- No longer listedAMG CONCEPTION HOLDINGS 2 LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 3 LTD. · control person · listed since Jun 2016
- No longer listedAMG CONCEPTION HOLDINGS 3 LTD. · MEMBER · 75% or more · indirect via CML HOLDINGS LTD. · control person · listed since Jul 2016
- No longer listedCML HOLDINGS LTD. · MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP · 10–25% · listed since Jul 2016
- AddedAMG CONCEPTION HOLDINGS 1 LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 3 LTD. · control person
- AddedAMG CONCEPTION HOLDINGS 3 LTD. · MEMBER · 75% or more · indirect via CML HOLDINGS LLC · control person
- AddedCML HOLDINGS LLC · MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP · 10–25%
Jun 28, 2019 filing
- ChangedGENTZEL, HANS, FREDRIK · title CHIEF OPERATING OFFICER, CO-PRESIDENT, CAPULA INVESTMENT MANAGEMENT LLP → CHIEF OPERATING OFFICER, PRESIDENT, CAPULA INVESTMENT MANAGEMENT LLP
Jun 27, 2018 filing
- No longer listedBARNETT, MARK, JASON · CO-PRESIDENT, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person · listed since Apr 2017
- No longer listedBRUDER, HENNING · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5% · listed since Jan 2009
- No longer listedFLYNN, TERENCE, BRIAN · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5% · listed since May 2017
- No longer listedMCCALLUM, NEIL, NMN · CHIEF ADMINISTRATIVE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · listed since Oct 2005
- No longer listedVOLDSTAD, CONRAD, PATRICK · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5% · listed since May 2012
- No longer listedWEBB, JAMES · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5% · listed since May 2017
- AddedCAPULA INVESTMENT SERVICES LTD · MEMBER · Less than 5%
- ChangedASAI, MASAO · title MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) → MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP
- ChangedCAPULA MANAGEMENT LIMITED · indirect via CAPULA INVESTMENT SERVICES LTD: ownership 75% or more → General partner, trustee or manager
- ChangedCML HOLDINGS LTD. · title MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) → MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP
- ChangedHUO, YAN · title CHIEF INVESTMENT OFFICER, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) → CHIEF INVESTMENT OFFICER, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP
- ChangedWU, BING-LE · title MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) → MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP
Jun 30, 2017 filing
- No longer listedGREGORNIK, STEVEN, ALAN · CEO, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person · listed since Jun 2012
- AddedCOVINO, JEREMY, PAUL · CHIEF COMPLIANCE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5%
- AddedFLYNN, TERENCE, BRIAN · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5%
- AddedGENTZEL, HANS, FREDRIK · CHIEF OPERATING OFFICER, CO-PRESIDENT, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person
- AddedLOWE, SAMUEL, XUN-WEI · CHIEF FINANCIAL OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5%
- AddedWEBB, JAMES · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5%
- ChangedBARNETT, MARK, JASON · title DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) → CO-PRESIDENT, CAPULA INVESTMENT MANAGEMENT LLP; now a control person
- ChangedBLOOM, JONATHAN, SIMON · title CHIEF COMPLIANCE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP / CHIEF LEGAL OFFICER, CAPULA INVESTMENT MANAGEMENT LLP → CHIEF LEGAL OFFICER, CAPULA INVESTMENT MANAGEMENT LLP
- ChangedHUO, YAN · title CIO, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) → CHIEF INVESTMENT OFFICER, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE)
- ChangedMCCALLUM, NEIL, NMN · title CFO, CAPULA INVESTMENT MANAGEMENT LLP → CHIEF ADMINISTRATIVE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP
Jan 20, 2017 filing
- No longer listedBELL, CHRISTOPHER, MICHAEL IAN · MANAGING DIRECTOR, LEGAL; CHIEF COMPLIANCE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · listed since Apr 2007
- ChangedBLOOM, JONATHAN, SIMON · title CHIEF LEGAL OFFICER, CAPULA INVESTMENT MANAGEMENT LLP → CHIEF COMPLIANCE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP / CHIEF LEGAL OFFICER, CAPULA INVESTMENT MANAGEMENT LLP
Aug 8, 2016 filing
- No longer listedPETERSHILL NON-US HOLDINGS I LTD. · MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) · 10–25% · listed since May 2007
- AddedAFFILIATED MANAGERS GROUP, INC. · MEMBER · 75% or more · indirect via AMG GAMMA HOLDINGS LTD. · control person
- AddedAMG CONCEPTION HOLDINGS 1 LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 2 LTD. · control person
- AddedAMG CONCEPTION HOLDINGS 2 LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 3 LTD. · control person
- AddedAMG CONCEPTION HOLDINGS 3 LTD. · MEMBER · 75% or more · indirect via CML HOLDINGS LTD. · control person
- AddedAMG GAMMA HOLDINGS LTD. · MEMBER · 75% or more · indirect via AMG CONCEPTION HOLDINGS 1 LTD. · control person
- AddedCML HOLDINGS LTD. · MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) · 10–25%
Jun 29, 2016 filing
- No longer listedCAPULA MANAGEMENT LIMITED · SHAREHOLDER · 75% or more · indirect via CAPULA INVESTMENT SERVICES LIMITED · control person · listed since Oct 2005
- No longer listedGU, DAVID, GANG CHENG · CO-CIO, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person · listed since Oct 2011
- AddedCAPULA MANAGEMENT LIMITED · SHAREHOLDER · 75% or more · indirect via CAPULA INVESTMENT SERVICES LTD · control person
- ChangedHUO, YAN · title CO-CIO, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) → CIO, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE)
Jun 26, 2015 filing
- No longer listedSAIER, GEORGES · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5% · listed since Jun 2012
- AddedBARNETT, MARK, JASON · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5%
- ChangedGREGORNIK, STEVEN, ALAN · title CEO, COO, CAPULA INVESTMENT MANAGEMENT LLP → CEO, CAPULA INVESTMENT MANAGEMENT LLP
- ChangedGU, DAVID, GANG CHENG · ownership 5–10% → Less than 5%
Jul 1, 2013 filing
- No longer listedCAPULA INVESTMENT SERVICES LIMITED · MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP · 75% or more · listed since Oct 2007
- AddedBRUDER, HENNING · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5%
- AddedGREGORNIK, STEVEN, ALAN · CEO, COO, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5% · control person
- AddedGU, DAVID, GANG CHENG · CO-CIO, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP · 5–10% · control person
- AddedSAIER, GEORGES · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5%
- AddedVOLDSTAD, CONRAD, PATRICK · DIRECTOR, CAPULA MANAGEMENT LIMITED (SPE) · Less than 5%
- AddedWU, BING-LE · MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) · 5–10%
- ChangedASAI, MASAO · ownership 10–25% → 5–10%; now a control person
- ChangedHUO, YAN · title CEO, CO-CIO, CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) → CO-CIO, MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE)
- ChangedMCCALLUM, NEIL, NMN · title CFO, COO, CAPULA INVESTMENT MANAGEMENT LLP → CFO, CAPULA INVESTMENT MANAGEMENT LLP
- ChangedPETERSHILL NON-US HOLDINGS I LTD. · title SHAREHOLDER, CAPULA MANAGEMENT LIMITED → MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE)
Mar 29, 2012 filing (earliest on record)
- ListedASAI, MASAO · MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) · 10–25%
- ListedBELL, CHRISTOPHER, MICHAEL IAN · MANAGING DIRECTOR, LEGAL; CHIEF COMPLIANCE OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5%
- ListedBLOOM, JONATHAN, SIMON · CHIEF LEGAL OFFICER, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5%
- ListedCAPULA INVESTMENT SERVICES LIMITED · MEMBER OF CAPULA INVESTMENT MANAGEMENT LLP · 75% or more
- ListedCAPULA MANAGEMENT LIMITED · SHAREHOLDER · 75% or more · indirect via CAPULA INVESTMENT SERVICES LIMITED · control person
- ListedHUO, YAN · CEO, CO-CIO, CAPULA INVESTMENT MANAGEMENT LLP / SHAREHOLDER, CAPULA MANAGEMENT LIMITED (SPE) · 25–50% · control person
- ListedHUO, YAN · SHAREHOLDER · 25–50% · indirect via CAPULA MANAGEMENT LIMITED · control person
- ListedMCCALLUM, NEIL, NMN · CFO, COO, CAPULA INVESTMENT MANAGEMENT LLP · Less than 5%
- ListedPETERSHILL NON-US HOLDINGS I LTD. · SHAREHOLDER, CAPULA MANAGEMENT LIMITED · 10–25%
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ISHARES TR$9.08B +152.8%
- ALIBABA GROUP HLDG LTD$306.5M +2133.0%
- BOEING CO$204.7M +14499.5%
- UBER TECHNOLOGIES INC$158.8M +44299.8%
- ISHARES TR$145.9M +2047.6%
Top Trims
- STATE STR SPDR S&P 500 ETF T-$573.9M -14.3%
- ELECTRONIC ARTS INC-$30.2M -100.0%
- LIBERTY BROADBAND CORP-$27.7M -65.7%
- ALLIED GOLD CORP-$26.7M -61.9%
- NVIDIA CORPORATION-$21.6M -36.8%
New Positions
- WESTERN DIGITAL CORP$179.0M
- ULTA BEAUTY INC$58.6M
- APPLIED OPTOELECTRONICS INC$56.4M
- SOFI TECHNOLOGIES INC$53.8M
- ECHOSTAR CORP$50.9M
Exited Positions
- CLEARWATER ANALYTICS HLDGS I$63.3M
- AMICUS THERAPEUTIC$46.2M
- SEALED AIR CORP NEW$38.6M
- HOLOGIC INC$35.2M
- ONESTREAM INC$25.8M
Capula Management Ltd Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR | IVV | 464287200 | $13.23B | 47.27% | 17,662,840 | SH |
| 2 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $3.38B | 12.06% | 4,520,051 | SH |
| 3 | ISHARES TR | IVV | 464287200 | $1.76B | 6.27% | 2,344,000 | SH |
| 4 | INVESCO QQQ TR Put | QQQ | 46090E103 | $210.2M | 0.75% | 285,400 | SH |
| 5 | INVESCO QQQ TR Call | QQQ | 46090E103 | $202.5M | 0.72% | 275,000 | SH |
| 6 | STATE STR SPDR S&P 500 ETF T Call | SPY | 78462F103 | $162.2M | 0.58% | 217,200 | SH |
| 7 | ALIBABA GROUP HLDG LTD Put | BABA | 01609W102 | $161.7M | 0.58% | 1,684,500 | SH |
| 8 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $161.3M | 0.58% | 1,680,897 | SH |
| 9 | ALIBABA GROUP HLDG LTD Put | BABA | 01609W102 | $160.1M | 0.57% | 1,668,200 | SH |
| 10 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $159.6M | 0.57% | 1,662,611 | SH |
| 11 | INVESCO QQQ TR Put | QQQ | 46090E103 | $157.1M | 0.56% | 213,300 | SH |
| 12 | ISHARES TR | HYG | 464288513 | $153.0M | 0.55% | 1,913,439 | SH |
| 13 | ISHARES TR Put | IWM | 464287655 | $134.9M | 0.48% | 449,000 | SH |
| 14 | TESLA INC Put | TSLA | 88160R101 | $134.3M | 0.48% | 319,300 | SH |
| 15 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $126.2M | 0.45% | 169,000 | SH |
| 16 | BOEING CO Put | BA | 097023105 | $105.4M | 0.38% | 486,700 | SH |
| 17 | BOEING CO Put | BA | 097023105 | $103.9M | 0.37% | 480,200 | SH |
| 18 | BOEING CO | BA | 097023105 | $103.0M | 0.37% | 475,992 | SH |
| 19 | BOEING CO | BA | 097023105 | $103.0M | 0.37% | 475,988 | SH |
| 20 | ISHARES TR | LQD | 464287242 | $101.6M | 0.36% | 931,663 | SH |
| 21 | WESTERN DIGITAL CORP Put | WDC | 958102105 | $90.0M | 0.32% | 140,900 | SH |
| 22 | WESTERN DIGITAL CORP | WDC | 958102105 | $89.6M | 0.32% | 140,310 | SH |
| 23 | WESTERN DIGITAL CORP Put | WDC | 958102105 | $89.5M | 0.32% | 140,100 | SH |
| 24 | WESTERN DIGITAL CORP | WDC | 958102105 | $89.4M | 0.32% | 140,005 | SH |
| 25 | UBER TECHNOLOGIES INC Put | UBER | 90353T100 | $80.0M | 0.29% | 1,108,300 | SH |
| 26 | ISHARES TR Call | HYG | 464288513 | $80.0M | 0.29% | 1,000,000 | SH |
| 27 | UBER TECHNOLOGIES INC Put | UBER | 90353T100 | $79.6M | 0.28% | 1,102,600 | SH |
| 28 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $79.5M | 0.28% | 1,101,395 | SH |
| 29 | UBER TECHNOLOGIES INC | UBER | 90353T100 | $79.4M | 0.28% | 1,100,169 | SH |
| 30 | TESLA INC Put | TSLA | 88160R101 | $78.5M | 0.28% | 186,700 | SH |
| 31 | INTEL CORP Put | INTC | 458140100 | $77.2M | 0.28% | 553,200 | SH |
| 32 | INTEL CORP Put | INTC | 458140100 | $74.0M | 0.26% | 530,200 | SH |
| 33 | PDD HOLDINGS INC Put | PDD | 722304102 | $73.9M | 0.26% | 968,200 | SH |
| 34 | INTEL CORP | INTC | 458140100 | $73.5M | 0.26% | 526,639 | SH |
| 35 | INTEL CORP | INTC | 458140100 | $73.3M | 0.26% | 525,000 | SH |
| 36 | PDD HOLDINGS INC | PDD | 722304102 | $73.2M | 0.26% | 959,949 | SH |
| 37 | PDD HOLDINGS INC | PDD | 722304102 | $72.8M | 0.26% | 955,000 | SH |
| 38 | PDD HOLDINGS INC Put | PDD | 722304102 | $72.8M | 0.26% | 955,000 | SH |
| 39 | WALMART INC Put | WMT | 931142103 | $71.3M | 0.25% | 629,300 | SH |
| 40 | WALMART INC | WMT | 931142103 | $71.1M | 0.25% | 627,422 | SH |
| 41 | WALMART INC Put | WMT | 931142103 | $71.0M | 0.25% | 626,500 | SH |
| 42 | WALMART INC | WMT | 931142103 | $70.9M | 0.25% | 625,733 | SH |
| 43 | BROADCOM INC Put | AVGO | 11135F101 | $69.3M | 0.25% | 183,400 | SH |
| 44 | TESLA INC | TSLA | 88160R101 | $68.5M | 0.24% | 162,776 | SH |
| 45 | BROADCOM INC | AVGO | 11135F101 | $66.7M | 0.24% | 176,452 | SH |
| 46 | WARNER BROS DISCOVERY INC Put | WBD | 934423104 | $56.0M | 0.20% | 2,100,000 | SH |
| 47 | AMGEN INC Put | AMGN | 031162100 | $54.4M | 0.19% | 150,200 | SH |
| 48 | AMGEN INC | AMGN | 031162100 | $54.3M | 0.19% | 150,064 | SH |
| 49 | AMGEN INC Put | AMGN | 031162100 | $54.3M | 0.19% | 150,000 | SH |
| 50 | AMGEN INC | AMGN | 031162100 | $54.3M | 0.19% | 150,000 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $27.98B | 1,029 | 0001172661-26-003473 |
| 2026-03-31 | 2026-05-14 | $14.06B | 1,256 | 0001172661-26-001894 |
| 2025-12-31 | 2026-02-13 | $19.96B | 960 | 0001172661-26-000749 |
| 2025-09-30 | 2025-11-14 | $20.09B | 913 | 0001172661-25-005004 |
Filer Information
Address
PO BOX 309UGLAND HOUSE
GRAND CAYMAN, E9 KY1-1104
Phone
(345) 949-8066
Filing Manager
Capula Management Ltd
Grand Cayman, E9
Signatory
Henning Bruder
Director