Question 1

How many shares of SPY does Capula Management Ltd own?

Accepted Answer

As of 2026-Q2, Capula Management Ltd holds 4.6M shares of SPY (STATE STREET SPDR S&P 500 ETF TRUST CL USD INC).

Question 2

What is Capula Management Ltd's SPY position worth?

Accepted Answer

As of 2026-Q2, Capula Management Ltd's SPY position is worth $3.4B.

Question 3

Is Capula Management Ltd buying or selling SPY?

Accepted Answer

In 2026-Q2, Capula Management Ltd decreased their SPY position (-25.4% change in shares).

Question 4

When did Capula Management Ltd first buy SPY?

Accepted Answer

Based on available 13F filings, Capula Management Ltd first reported a position in SPY in 2024-Q3. They have held the position across 30 quarters.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q2 Latest	Decreased	4.6M	-25.4%	$3.4B	12.3%	$746.77	0
2026-Q1	Increased	6.2M	+8.8%	$4B	28.5%	$680.33	68
2025-Q4	Increased	5.7M	+85.5%	$3.9B	19.3%	$687.01	96
2025-Q3	Decreased	3.1M	-4.1%	$2B	10.1%	$661.72	0
2025-Q2	Increased	3.2M	+46.5%	$2B	18.3%	$611.40	85
2025-Q1	Decreased	2.2M	-88.0%	$1.2B	6.8%	$550.86	0
2024-Q4	Increased	18.1M	+91.0%	$10.6B	61.7%	$581.39	98
2024-Q3	Increased	9.5M	+386.8%	$5.4B	55.2%	$562.94	100