Capula Management Ltd

New Western Digital position and exited Clearwater Analytics Hldgs in Q2 2026.

$28.0B in this filing700 positionstop 10 = 73%

Holdings are from Jun 30, 2026, not today. Filed Aug 14, 2026. Next filing due ~Nov 14, 2026 - a fund that has since had a bad quarter will not show it here until then.

Spot holdings303 positions - $22.8B

• 1IIVViShares TR65.97%
  $15.0B - 20.1M shares+11.0M
• 2SSPYState STR SPDR S&P 500 Etf15.08%
  $3.4B - 4.6M shares-1.6M

#	Stock	% of bucket	Value	Shares	Change	At Jun 30	Now	Market cap	P/E
1	IIVViShares TR	65.97%	$15.0B	20.1M	+11.0M	$748.89	-	-	-
2	SSPYState STR SPDR S&P 500 Etf	15.08%	$3.4B	4.6M	-1.6M	$746.77	$768.92 +3.0%	-	-

Options positions397 positions (226 puts, 171 calls) - $5.2B. Priced off the underlying stock - 13F never discloses strike or premium.

• 1QQQQ putsInvesco QQQ TR7.25%
  $378.3M - 514K shares+143K

#	Stock	% of bucket	Value	Shares	Change	At Jun 30	Now	Market cap	P/E
1	QQQQ putsInvesco QQQ TR	7.25%	$378.3M	514K	+143K	$736.40	$711.17 -3.4%	-	-