Question 1

Does Capula Management own SPY stock?

Accepted Answer

Yes. As of its Q2 2026 13F, Capula Management holds 4,595,409 shares of SPY (State Street SPDR S&P 500 ETF), worth $3.4B.

Question 2

How many shares of SPY does Capula Management own?

Accepted Answer

As of its Q2 2026 13F, Capula Management holds 4,595,409 shares of SPY (State Street SPDR S&P 500 ETF).

Question 3

What is Capula Management's SPY position worth?

Accepted Answer

As of its Q2 2026 13F, Capula Management's SPY position is worth $3.4B.

Question 4

Is Capula Management buying or selling SPY?

Accepted Answer

In Q2 2026, Capula Management reduced its SPY position by 1,563,813 shares (-25.4%).

Question 5

When did Capula Management first buy SPY?

Accepted Answer

Capula Management already held SPY in its Q1 2019 13F, the earliest on record, and has listed it in 30 quarterly 13F filings.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q2 Latest	Decreased	4.6M	-25.4%	$3.4B	12.3%	$744.92	0
2026-Q1	Increased	6.2M	+8.8%	$4B	28.5%	$647.06	68
2025-Q4	Increased	5.7M	+85.5%	$3.9B	19.3%	$676.64	96
2025-Q3	Decreased	3.1M	-4.1%	$2B	10.1%	$659.07	0
2025-Q2	Increased	3.2M	+46.5%	$2B	18.3%	$609.57	85
2025-Q1	Decreased	2.2M	-88.0%	$1.2B	6.8%	$550.26	0
2024-Q4	Increased	18.1M	+91.0%	$10.6B	61.7%	$574.79	98
2024-Q3	Increased	9.5M	+386.8%	$5.4B	55.2%	$560.82	100