Capula Management Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Capula Management Ltd reported 294 stock positions worth $22.6 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 66.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 15.2%) and Alibaba Group Holding-SP ADR (BABA, 1.4%). Compared with Q1 2026, it opened 77 new positions, sold out of 186, added to 91 and reduced 119. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +120%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- Grand Cayman, E9
- CIK
- 0001557017
- Portfolio Value
- $22.6B (Q2 2026)
- SEC Filing
- 0001172661-26-003473 ↗ filed Aug 14, 2026
Holdings Value
Holdings 294 stocks · $22.6B
| IVV iShares Core S&P 500 ETF | 66.31% | 20,051,540 | $15.0B | Add +120.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 15.15% | 4,595,409 | $3.4B | Reduce -25.4% |
| BABA Alibaba Group Holding-SP ADR | 1.42% | 3,343,509 | $320.9M | Add +2818.9% |
| BA The Boeing Co. | 0.91% | 951,980 | $206.1M | Add +13323.3% |
| WDC Western Digital Corp. | 0.79% | 280,315 | $179.0M | New |
| UBER Uber Technologies Inc. | 0.70% | 2,205,388 | $159.1M | Add +44158.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.68% | 1,913,439 | $153.0M | Add +2036.6% |
| INTC Intel Corp. | 0.65% | 1,052,463 | $147.0M | Add +1228.5% |
| PDD PDD Holdings Inc. | 0.65% | 1,914,949 | $146.1M | Add +10790.3% |
| WMT Walmart Inc. | 0.63% | 1,253,680 | $142.0M | Add +10700.1% |
| AVGO Broadcom Inc. | 0.52% | 311,536 | $117.7M | Add +731.1% |
| TSLA Tesla Inc. | 0.50% | 270,235 | $113.7M | Add +442.4% |
| AMGN Amgen Inc. | 0.48% | 300,064 | $108.7M | Add +491808.2% |
| LIN Linde PLC | 0.46% | 200,180 | $103.9M | Add +435073.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.45% | 931,663 | $101.6M | Add +1249.4% |
| CRDO Credo Technology Group Holdi | 0.43% | 354,933 | $96.5M | Add +832.2% |
| MSTR Strategy Inc. | 0.38% | 1,002,482 | $87.1M | Add +22397.3% |
| WBD Warner Bros Discovery Inc. | 0.37% | 3,137,200 | $83.6M | Add +154.7% |
| QCOM Qualcomm Inc. | 0.34% | 420,674 | $77.7M | Add +2573.8% |
| KLAC KLA Corp. | 0.30% | 225,329 | $68.0M | Add +1257.4% |
| NKE Nike Inc. Class B | 0.29% | 1,600,267 | $65.7M | Add +21875.7% |
| ADI Analog Devices Inc. | 0.26% | 150,393 | $59.7M | Add +2197.8% |
| ULTA Ulta Beauty Inc. | 0.26% | 130,000 | $58.6M | New |
| KVUE Kenvue Inc. | 0.26% | 3,067,547 | $58.6M | Add +36.5% |
| AAOI Applied Optoelectronics Inc. | 0.25% | 380,749 | $56.4M | New |
| SOFI Sofi Technologies Inc. | 0.24% | 3,000,000 | $53.8M | New |
| AES AES Corp. | 0.23% | 3,502,352 | $51.3M | Add +41.6% |
| ECHO Echostar Corp. Class A | 0.22% | 501,799 | $50.9M | New |
| PYPL PayPal Holdings Inc. | 0.22% | 1,175,521 | $50.8M | Add +65718.6% |
| VCIT Vanguard Int-Term Corporate | 0.22% | 600,000 | $49.6M | New |
| AXON Axon Enterprise Inc. | 0.20% | 80,000 | $44.8M | Add +95138.1% |
| OGN Organon & Co. | 0.18% | 3,049,207 | $41.3M | New |
| NVDA Nvidia Corp. | 0.16% | 185,576 | $37.1M | Reduce -44.9% |
| VAL Valaris Ltd. | 0.16% | 510,898 | $37.1M | Add +822.0% |
| GEV GE Vernova Inc. | 0.16% | 30,263 | $35.6M | Add +2118.7% |
| ANET Arista Networks Inc. | 0.15% | 200,000 | $34.0M | Add +17352.0% |
| VRT Vertiv Holdings Co. Class A | 0.15% | 101,428 | $34.0M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.15% | 100,797 | $33.3M | Add +13880.2% |
| UPS United Parcel Service Class B | 0.14% | 300,184 | $32.3M | Add +50182.1% |
| WBS Webster Financial Corp. | 0.14% | 418,906 | $32.0M | Add +186.9% |
| FXI iShares China Large-Cap ETF | 0.13% | 932,569 | $29.5M | Reduce -10.7% |
| BLD Topbuild Corp. | 0.13% | 80,000 | $28.4M | New |
| MAR Marriott International Class A | 0.12% | 75,273 | $27.9M | Add +9663.0% |
| GTLS Chart Industries Inc. | 0.12% | 131,850 | $27.5M | Reduce -20.7% |
| PEN Penumbra Inc. | 0.12% | 83,000 | $26.2M | Reduce -18.4% |
| NSC Norfolk Southern Corp. | 0.11% | 79,368 | $25.0M | Reduce -45.2% |
| XLP SS Consumer Staples Sel Sect | 0.11% | 292,619 | $24.3M | Add +1492.5% |
| CEG Constellation Energy | 0.11% | 96,874 | $24.1M | Add +800.3% |
| COIN Coinbase Global Inc. Class A | 0.10% | 160,051 | $23.4M | Add +142802.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.10% | 30,971 | $22.8M | Reduce -8.2% |
| CDNS Cadence Design SYS Inc. | 0.09% | 56,013 | $21.0M | Add +946.0% |
| CLS Celestica Inc. | 0.09% | 56,000 | $20.4M | New |
| XLC SS Comm Select Sector SPDR | 0.09% | 189,487 | $20.3M | Add +190.2% |
| VOO Vanguard S&P 500 ETF | 0.09% | 28,690 | $19.7M | Reduce -55.5% |
| IWM iShares Russell 2000 ETF | 0.08% | 63,619 | $19.1M | Reduce -30.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 63,036 | $17.7M | Add +9627.8% |
| TXNM TXNM Energy Inc. | 0.08% | 307,584 | $17.5M | Add +753.9% |
| XLY SS Consumer Disc Select Sect | 0.08% | 148,233 | $17.4M | New |
| ZS Zscaler Inc. | 0.08% | 122,000 | $17.2M | New |
| LULU Lululemon Athletica Inc. | 0.08% | 150,676 | $17.2M | New |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 144,474 | $16.9M | Add +567.7% |
| AAUC Allied Gold Corp. | 0.07% | 692,457 | $16.5M | Reduce -30.9% |
| CZR Caesars Entertainment Inc. | 0.07% | 545,500 | $16.5M | Add +1415.3% |
| BMNR Bitmine Immersion Technologi | 0.07% | 1,200,000 | $16.0M | New |
| UNF Unifirst Corp. | 0.06% | 55,000 | $14.5M | New |
| LBRDK Liberty Broadband-C | 0.06% | 434,293 | $14.4M | Reduce -48.2% |
| TECK Teck Resources Ltd.-CLS B | 0.06% | 228,254 | $14.1M | Add +1030.2% |
| JHG Janus Henderson Group PLC | 0.06% | 270,197 | $14.0M | Add +19.9% |
| BKNG Booking Holdings Inc. | 0.06% | 78,101 | $13.9M | New |
| KRE SS SPDR S&P Regional Bank | 0.05% | 147,388 | $11.0M | Add +139.5% |
| KWEB Kranesh Csi China Internet | 0.05% | 447,370 | $10.9M | Add +50.6% |
| TECH Bio-Techne Corp. | 0.05% | 150,000 | $10.6M | New |
| HEI.A Heico Corp. Class A | 0.04% | 37,346 | $9.6M | Add +99.5% |
| HON Honeywell International Inc. | 0.04% | 40,674 | $9.1M | Add +35423.1% |
| MSFT Microsoft Corp. | 0.04% | 24,393 | $9.1M | Reduce -53.2% |
| TALK Talkspace Inc. | 0.04% | 1,586,580 | $8.3M | Add +217.3% |
| AMZN Amazon.com Inc. | 0.03% | 31,230 | $7.4M | Reduce -65.9% |
| XBI SS SPDR S&P Biotech ETF | 0.03% | 44,038 | $7.0M | Add +69.8% |
| NWSA News Corp. Class A | 0.03% | 273,476 | $6.8M | Add +61.4% |
| FERG Ferguson Enterprises Inc. | 0.03% | 28,540 | $6.8M | Reduce -6.3% |
| META Meta Platforms Inc. Class A | 0.03% | 11,853 | $6.7M | Reduce -9.4% |
| AAPL Apple Inc. | 0.03% | 21,670 | $6.3M | Reduce -56.9% |
| ROKU Roku Inc. | 0.03% | 44,000 | $6.1M | Add +34.6% |
| APGE Apogee Therapeutics Inc. | 0.03% | 45,000 | $6.0M | New |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.03% | 101,811 | $5.9M | New |
| LBTYK Liberty Global Ltd. Class C | 0.03% | 519,771 | $5.7M | Add +147.4% |
| BAC Bank of America Corp. | 0.02% | 98,588 | $5.6M | Add +623.9% |
| LLYVA Liberty Live Holdings Class A | 0.02% | 55,468 | $5.6M | New |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.02% | 80,370 | $5.2M | New |
| BF.B Brown-Forman Corp. Class B | 0.02% | 182,929 | $4.9M | New |
| UAA Under Armour Inc. Class A | 0.02% | 714,943 | $4.6M | Reduce -4.6% |
| LEN Lennar Corp. Class A | 0.02% | 49,910 | $4.5M | Add +84.5% |
| JHX James Hardie Ind PLC | 0.02% | 170,573 | $4.5M | Reduce -51.2% |
| GOOGL Alphabet Inc. Class A | 0.02% | 12,345 | $4.4M | Reduce -59.9% |
| PFE Pfizer Inc. | 0.02% | 170,245 | $4.1M | Add +18225.6% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.02% | 13,203 | $4.0M | Add +0.7% |
| NET Cloudflare Inc. Class A | 0.02% | 14,132 | $3.5M | Add +4.5% |
| BE Bloom Energy Corp. Class A | 0.01% | 10,619 | $3.2M | New |
| AMKR Amkor Technology Inc. | 0.01% | 36,732 | $3.2M | New |
| EFA iShares MSCI Eafe ETF | 0.01% | 30,087 | $3.1M | Reduce -62.4% |
Options reported separately and not counted above: QQQ puts ($378.3M), BABA puts ($336.2M), TSLA puts ($235.5M), BA puts ($209.3M), QQQ calls ($202.6M), WDC puts ($179.5M), SPY calls ($162.2M), UBER puts ($159.5M), SPY puts ($157.0M), INTC puts ($151.3M), PDD puts ($146.7M), WMT puts ($142.2M), and 385 more.
Other holdings (9): bonds, preferreds, convertibles and warrants · $118.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 27,500,000 | $39.2M | Add +183233.3% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 15,000,000 | $25.6M | Add +149900.0% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 20,000,000 | $13.6M | Add +8990.9% |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | 22,500,000 | $11.0M | New |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 22,500,000 | $10.8M | Add +3993.9% |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | NOTE 2.000% 3/1 · principal | 7,500,000 | $9.6M | New |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 8,500,000 | $6.2M | Add +141566.7% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 4,500,000 | $1.6M | Add +99900.0% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 2,500,000 | $1.1M | Add +970.7% |
Total filed on the 13F, all lines: $22.8B.
Portfolio Sells Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -25.4% | 15.15% | −20.06 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.56 |
| FOLD Amicus Therapeutics Inc. | Sold out | 0.00% | −0.41 |
| NVDA Nvidia Corp. | Reduce -44.9% | 0.16% | −0.35 |
| SEE Sealed Air Corp. | Sold out | 0.00% | −0.34 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.31 |
| AAUC Allied Gold Corp. | Reduce -30.9% | 0.07% | −0.31 |
| LBRDK Liberty Broadband-C | Reduce -48.2% | 0.06% | −0.31 |
| EA Electronic Arts Inc. | Reduce -100.0% | 0.00% | −0.27 |
| NSC Norfolk Southern Corp. | Reduce -45.2% | 0.11% | −0.26 |
| VOO Vanguard S&P 500 ETF | Reduce -55.5% | 0.09% | −0.25 |
| OS Onestream Inc. | Sold out | 0.00% | −0.23 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −0.23 |
| MASI Masimo Corp. | Sold out | 0.00% | −0.22 |
| FXI iShares China Large-Cap ETF | Reduce -10.7% | 0.13% | −0.20 |
| CSGS CSG Systems Intl Inc. | Sold out | 0.00% | −0.18 |
| GTLS Chart Industries Inc. | Reduce -20.7% | 0.12% | −0.18 |
| PEN Penumbra Inc. | Reduce -18.4% | 0.12% | −0.18 |
| SNCY Sun Country Airlines Holding | Sold out | 0.00% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -65.9% | 0.03% | −0.13 |
| MSFT Microsoft Corp. | Reduce -53.2% | 0.04% | −0.13 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.13 |
| TPH Tri Pointe Homes Inc. | Sold out | 0.00% | −0.12 |
| IWM iShares Russell 2000 ETF | Reduce -30.3% | 0.08% | −0.11 |
| PPL PPL Corp. | Sold out | 0.00% | −0.10 |
| PKST Peakstone Realty Trust | Sold out | 0.00% | −0.10 |
| AAPL Apple Inc. | Reduce -56.9% | 0.03% | −0.08 |
| EHAB Enhabit Inc. | Sold out | 0.00% | −0.08 |
| IMXI International Money Express | Reduce -77.8% | 0.01% | −0.08 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -8.2% | 0.10% | −0.07 |
| MU Micron Technology Inc. | Reduce -97.2% | 0.00% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -59.9% | 0.02% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -89.7% | 0.00% | −0.06 |
| TERN Terns Pharmaceuticals Inc. | Sold out | 0.00% | −0.06 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.06 |
| EFA iShares MSCI Eafe ETF | Reduce -62.4% | 0.01% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.05 |
| SEMR Semrush Holdings Inc. Class A | Sold out | 0.00% | −0.05 |
| ZIM Zim Integrated Shipping Serv | Sold out | 0.00% | −0.05 |
| MRVL Marvell Technology Inc. | Reduce -98.7% | 0.00% | −0.04 |
| SNDK Sandisk Corp. | Reduce -96.8% | 0.00% | −0.04 |
| JHX James Hardie Ind PLC | Reduce -51.2% | 0.02% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -9.4% | 0.03% | −0.04 |
| ALSN Allison Transmission Holding | Sold out | 0.00% | −0.03 |
| CDE Coeur Mining Inc. | Reduce -93.2% | 0.00% | −0.03 |
| FERG Ferguson Enterprises Inc. | Reduce -6.3% | 0.03% | −0.03 |
| AVO Mission Produce Inc. | Sold out | 0.00% | −0.03 |
| CRWV Coreweave Inc. Class A | Reduce -85.7% | 0.00% | −0.03 |
| SEM Select Medical Holdings Corp. | Sold out | 0.00% | −0.03 |
| HD Home Depot Inc. | Reduce -92.5% | 0.00% | −0.03 |
Portfolio Buys Q1 2026 → Q2 2026
| IVV iShares Core S&P 500 ETF | Add +120.5% | 66.31% | +14.08 |
| BABA Alibaba Group Holding-SP ADR | Add +2818.9% | 1.42% | +1.29 |
| BA The Boeing Co. | Add +13323.3% | 0.91% | +0.90 |
| WDC Western Digital Corp. | New | 0.79% | +0.79 |
| UBER Uber Technologies Inc. | Add +44158.2% | 0.70% | +0.70 |
| PDD PDD Holdings Inc. | Add +10790.3% | 0.65% | +0.63 |
| INTC Intel Corp. | Add +1228.5% | 0.65% | +0.62 |
| WMT Walmart Inc. | Add +10700.1% | 0.63% | +0.61 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +2036.6% | 0.68% | +0.61 |
| AMGN Amgen Inc. | Add +491808.2% | 0.48% | +0.48 |
| LIN Linde PLC | Add +435073.9% | 0.46% | +0.46 |
| AVGO Broadcom Inc. | Add +731.1% | 0.52% | +0.42 |
| CRDO Credo Technology Group Holdi | Add +832.2% | 0.43% | +0.39 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +1249.4% | 0.45% | +0.38 |
| MSTR Strategy Inc. | Add +22397.3% | 0.38% | +0.38 |
| TSLA Tesla Inc. | Add +442.4% | 0.50% | +0.34 |
| QCOM Qualcomm Inc. | Add +2573.8% | 0.34% | +0.33 |
| NKE Nike Inc. Class B | Add +21875.7% | 0.29% | +0.29 |
| KLAC KLA Corp. | Add +1257.4% | 0.30% | +0.28 |
| ULTA Ulta Beauty Inc. | New | 0.26% | +0.26 |
| AAOI Applied Optoelectronics Inc. | New | 0.25% | +0.25 |
| ADI Analog Devices Inc. | Add +2197.8% | 0.26% | +0.25 |
| SOFI Sofi Technologies Inc. | New | 0.24% | +0.24 |
| ECHO Echostar Corp. Class A | New | 0.22% | +0.22 |
| PYPL PayPal Holdings Inc. | Add +65718.6% | 0.22% | +0.22 |
| VCIT Vanguard Int-Term Corporate | New | 0.22% | +0.22 |
| AXON Axon Enterprise Inc. | Add +95138.1% | 0.20% | +0.20 |
| OGN Organon & Co. | New | 0.18% | +0.18 |
| VRT Vertiv Holdings Co. Class A | New | 0.15% | +0.15 |
| ANET Arista Networks Inc. | Add +17352.0% | 0.15% | +0.15 |
| GEV GE Vernova Inc. | Add +2118.7% | 0.16% | +0.15 |
| HLT Hilton Worldwide Holdings Inc. | Add +13880.2% | 0.15% | +0.15 |
| UPS United Parcel Service Class B | Add +50182.1% | 0.14% | +0.14 |
| BLD Topbuild Corp. | New | 0.13% | +0.13 |
| MAR Marriott International Class A | Add +9663.0% | 0.12% | +0.12 |
| VAL Valaris Ltd. | Add +822.0% | 0.16% | +0.12 |
| COIN Coinbase Global Inc. Class A | Add +142802.7% | 0.10% | +0.10 |
| XLP SS Consumer Staples Sel Sect | Add +1492.5% | 0.11% | +0.09 |
| CLS Celestica Inc. | New | 0.09% | +0.09 |
| CDNS Cadence Design SYS Inc. | Add +946.0% | 0.09% | +0.08 |
| CEG Constellation Energy | Add +800.3% | 0.11% | +0.08 |
| IBM Intl Business Machines Corp. | Add +9627.8% | 0.08% | +0.08 |
| XLY SS Consumer Disc Select Sect | New | 0.08% | +0.08 |
| LULU Lululemon Athletica Inc. | New | 0.08% | +0.08 |
| ZS Zscaler Inc. | New | 0.08% | +0.08 |
| WBD Warner Bros Discovery Inc. | Add +154.7% | 0.37% | +0.07 |
| BMNR Bitmine Immersion Technologi | New | 0.07% | +0.07 |
| CZR Caesars Entertainment Inc. | Add +1415.3% | 0.07% | +0.06 |
| UNF Unifirst Corp. | New | 0.06% | +0.06 |
| BKNG Booking Holdings Inc. | New | 0.06% | +0.06 |
Options Activity Q1 2026 → Q2 2026
| QQQ Invesco QQQ Trust Series 1 | put | Add +38.5% | 513,700 | $378.3M |
| BABA Alibaba Group Holding-SP ADR | put | Add +4764.9% | 3,502,700 | $336.2M |
| TSLA Tesla Inc. | put | Add +291.0% | 559,900 | $235.5M |
| BA The Boeing Co. | put | Add +4335.3% | 966,900 | $209.3M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +29.4% | 275,100 | $202.6M |
| WDC Western Digital Corp. | put | Add +21515.4% | 281,000 | $179.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +237.3% | 217,200 | $162.2M |
| UBER Uber Technologies Inc. | put | Add +10529.3% | 2,210,900 | $159.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +57.5% | 210,200 | $157.0M |
| INTC Intel Corp. | put | Add +477.5% | 1,083,400 | $151.3M |
| PDD PDD Holdings Inc. | put | Add +1165.3% | 1,923,200 | $146.7M |
| WMT Walmart Inc. | put | Add +1993.0% | 1,255,800 | $142.2M |
| IWM iShares Russell 2000 ETF | put | Reduce -23.1% | 449,000 | $134.9M |
| AVGO Broadcom Inc. | put | Add +213.6% | 320,800 | $121.2M |
| AMGN Amgen Inc. | put | Add +14195.2% | 300,200 | $108.7M |
| LIN Linde PLC | put | Add +11016.7% | 200,100 | $103.8M |
| CRDO Credo Technology Group Holdi | put | New | 350,000 | $95.2M |
| MSTR Strategy Inc. | put | Add +7229.9% | 1,004,200 | $87.3M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | New | 1,000,000 | $80.0M |
| QCOM Qualcomm Inc. | put | Add +927.3% | 422,200 | $78.0M |
| KLAC KLA Corp. | put | Add +320.6% | 227,100 | $68.5M |
| NKE Nike Inc. Class B | put | Add +7822.8% | 1,600,400 | $65.7M |
| TSLA Tesla Inc. | call | Reduce -78.9% | 148,700 | $62.5M |
| NVDA Nvidia Corp. | put | Reduce -74.3% | 304,500 | $60.9M |
| IWM iShares Russell 2000 ETF | call | Sold out | 244,000 | $60.5Mbefore exit |
| ADI Analog Devices Inc. | put | Add +522.1% | 151,800 | $60.3M |
| ULTA Ulta Beauty Inc. | put | New | 130,000 | $58.6M |
| AAOI Applied Optoelectronics Inc. | put | New | 380,000 | $56.3M |
| WBD Warner Bros Discovery Inc. | put | Add +2000.0% | 2,100,000 | $56.0M |
| SOFI Sofi Technologies Inc. | put | New | 3,000,000 | $53.8M |
| PYPL PayPal Holdings Inc. | put | Add +49420.8% | 1,188,500 | $51.3M |
| ECHO Echostar Corp. Class A | put | New | 500,000 | $50.8M |
| EEM iShares MSCI Emerging Market | put | Sold out | 875,500 | $49.7Mbefore exit |
| EA Electronic Arts Inc. | call | New | 230,000 | $47.2M |
| TLT iShares 20+ Year Treasury BD | call | New | 543,000 | $46.9M |
| FXI iShares China Large-Cap ETF | put | Reduce -27.9% | 1,447,300 | $45.7M |
| AXON Axon Enterprise Inc. | put | Add +26566.7% | 80,000 | $44.8M |
| IGV iShares Expanded Tech-Softwa | call | Add +120.2% | 450,000 | $40.8M |
| AMAT Applied Materials Inc. | put | Reduce -30.6% | 56,100 | $40.6M |
| KRE SS SPDR S&P Regional Bank | put | Add +131.6% | 537,600 | $40.2M |
| FXI iShares China Large-Cap ETF | call | Add +325.5% | 1,258,100 | $39.7M |
| GEV GE Vernova Inc. | put | Add +519.2% | 32,200 | $37.8M |
| ANET Arista Networks Inc. | put | Add +4785.4% | 200,300 | $34.0M |
| VRT Vertiv Holdings Co. Class A | put | New | 100,600 | $33.7M |
| HLT Hilton Worldwide Holdings Inc. | put | Add +2534.2% | 100,100 | $33.1M |
| UPS United Parcel Service Class B | put | Add +9036.4% | 301,500 | $32.4M |
| PLTR Palantir Technologies Inc. Class A | put | Add +129.1% | 264,400 | $30.8M |
| MAR Marriott International Class A | put | Add +2120.0% | 77,700 | $28.8M |
| CEG Constellation Energy | put | Add +306.9% | 99,700 | $24.8M |
| AAPL Apple Inc. | put | Reduce -58.6% | 85,500 | $24.7M |
Showing the first 50 of 630.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +183233.3% | 27,500,000 | $39.2M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Add +149900.0% | 15,000,000 | $25.6M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Sold out | 12,500 | $17.4Mbefore exit |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | Add +8990.9% | 20,000,000 | $13.6M |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | New | 22,500,000 | $11.0M |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | Add +3993.9% | 22,500,000 | $10.8M |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | NOTE 2.000% 3/1 · principal | New | 7,500,000 | $9.6M |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | Add +141566.7% | 8,500,000 | $6.2M |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | Sold out | 191,152 | $4.7Mbefore exit |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | Sold out | 200,000 | $4.1Mbefore exit |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | Add +99900.0% | 4,500,000 | $1.6M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | Add +970.7% | 2,500,000 | $1.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 294 | $22.6B | IVV, SPY, BABA, BA, WDC |
| Q1 2026 | 403 | $11.4B | IVV, SPY, CWAN, NVDA, FOLD |
| Q4 2025 | 312 | $15.4B | VOO, SPY, IBIT, IVV, BABA |
| Q3 2025 | 308 | $13.4B | IVV, SPY, IBIT, MSTR, UNH |
| Q2 2025 | 248 | $8.1B | IVV, SPY, IBIT, QQQ, FBTC |
| Q1 2025 | 374 | $13.5B | IVV, SPY, NVDA, MSTR, IBIT |
| Q4 2024 | 240 | $14.6B | SPY, NVDA, IBIT, TLT, FBTC |
| Q3 2024 | 285 | $8.0B | SPY, NVDA, IBIT, VOO, FBTC |
| Q2 2024 | 283 | $8.9B | IVV, SPY, NVDA, AMZN, AAPL |
| Q1 2024 | 369 | $3.0B | SPY, GOOGL, HYG, AMZN, QQQ |