Capula Management Ltd

New IWM position and exited IBIT in Q1 2026.

$14.1B in this filing1068 positionstop 10 = 79%

Holdings are from Mar 31, 2026, not today. Filed May 14, 2026. Next filing due ~Aug 14, 2026 - a fund that has since had a bad quarter will not show it here until then.

Spot holdings413 positions - $11.5B

• 1IIVViShares TR51.82%
  $5.9B - 9.1M shares+8.5M
• 2SSPYState STR SPDR S&P 500 Etf34.94%
  $4.0B - 6.2M shares+497K

#	Stock	% of bucket	Value	Shares	Change	At filing	Now	Market cap	P/E
1	IIVViShares TR	51.82%	$5.9B	9.1M	+8.5M	$653.21	-	-	-
2	SSPYState STR SPDR S&P 500 Etf	34.94%	$4.0B	6.2M	+497K	$650.34	$777.88 +19.6%	-	-

Options positions655 positions (348 puts, 307 calls) - $2.6B. Priced off the underlying stock - 13F never discloses strike or premium.

• 1TTSLA callsTesla Inc10.11%
  $262.4M - 706K shares+698K

#	Stock	% of bucket	Value	Shares	Change	At filing	Now	Market cap	P/E
1	TTSLA callsTesla Inc	10.11%	$262.4M	706K	+698K	$371.75	$339.96 -8.6%	$1.31T	305.3