CAPSTONE INVESTMENT ADVISORS, LLC
Sector Allocation
- Technology60.3%$40.1B
- Other32.9%$21.8B
- Consumer Discretionary2.4%$1.6B
- Healthcare1.0%$653.7M
- Industrials0.9%$597.1M
- Communication Services0.8%$562.8M
- Financials0.8%$526.9M
- Consumer Staples0.4%$265.1M
- Utilities0.2%$149.2M
- Materials0.2%$111.7M
AUM History
13fpro.ai/research/fund/capstone-investment-advisors-llc-1426196
Conviction and streaks
Concentrating · top 10 = 88.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
SMCI
$22.9BGOOG
$10.2B- ALPHABET$10.1B
- ORACLE$9.0B
MSFT
$1.6BNVDA
$1.4BWDC
$1.4B- ISHARES$1.2B
AMZN
$736.3M- VANGUARD$589.2M
TSLA
$556.4MMETA
$335.1MQQQ
$314.4MAAPL
$270.5MMU
$265.9MECHO
$205.0MNOK
$193.8MORCL
$178.4MAVGO
$169.3M
SPCX$138.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/capstone-investment-advisors-llc-1426196
CAPSTONE INVESTMENT ADVISORS, LLC 13F holdings — Q2 2026
$106.1B portfolio (+59.7% QoQ) · 1,641 holdings · Q2 2026 13F · top 10 are 89% of the stock portfolio
Includes $39.7B of put/call options ($31.6B puts, $8.0B calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $66.4B. Weights use the stock portfolio.
$22.9B
34.4% of stocks
NewThis quarter-14.6%Since filedNew this quarterHeld$10.2B
15.3% of stocks
NewThis quarter-8.0%Since filedNew this quarterHeld- 3
ALPHABET INC - DEP SHS RP1/20 B
$10.1B
15.2% of stocks
NewThis quarter—Since filedNew this quarterHeldAIQuality—Est. buy— - 4
ORACLE CORP - 6.5 DEP CUM SR D
$9.0B
13.5% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— $1.6B
2.4% of stocks
+55%This quarter+10.9%Since filed1+ qtrsHeld$1.4B
2.1% of stocks
+71%This quarter-4.0%Since filed1+ qtrsHeld$1.4B
2.0% of stocks
No changeThis quarter-33.6%Since filed1+ qtrsHeld- 8
ISHARES TR - CORE S&P500 ETF
$1.2B
1.8% of stocks
+0.3%This quarter—Since filed—HeldAIQuality—Est. buy— $736.3M
1.1% of stocks
-46%This quarter-4.7%Since filed1+ qtrsHeld- 10
VANGUARD INDEX FDS - S&P 500 ETF SHS
$589.2M
0.9% of stocks
+0.3%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $22.9B | 34.4% | New | -14.6% | New this quarter | 61.5#778 | Estimated buy price is Pro: unlock with a free trial | ||
| 2 | $10.2B | 15.3% | New | -8.0% | New this quarter | 77.7#61 | Estimated buy price is Pro: unlock with a free trial | ||
| 3 | ALPHABET INC - DEP SHS RP1/20 B | $10.1B | 15.2% | New | — | New this quarter | — | — | |
| 4 | ORACLE CORP - 6.5 DEP CUM SR D | $9.0B | 13.5% | No change | — | — | — | — | |
| 5 | $1.6B | 2.4% | +55% | +10.9% | 1+ qtrs | 79.8#30 | Estimated buy price is Pro: unlock with a free trial | ||
| 6 | $1.4B | 2.1% | +71% | -4.0% | 1+ qtrs | 86.0#3 | Estimated buy price is Pro: unlock with a free trial | ||
| 7 | $1.4B | 2.0% | No change | -33.6% | 1+ qtrs | 81.7#18 | Estimated buy price is Pro: unlock with a free trial | ||
| 8 | ISHARES TR - CORE S&P500 ETF | $1.2B | 1.8% | +0.3% | — | — | — | — | |
| 9 | $736.3M | 1.1% | -46% | -4.7% | 1+ qtrs | AI quality score is Pro: unlock with a free trial | Estimated buy price is Pro: unlock with a free trial | ||
| 10 | VANGUARD INDEX FDS - S&P 500 ETF SHS | $589.2M | 0.9% | +0.3% | — | — | — | — |
All holdings — CAPSTONE INVESTMENT ADVISORS, LLC (Q2 2026)
1,641 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated. The page lists up to 1,000; every position is in the Excel export.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SPDR S&P 500 ETF TRUST | — | $7.0B | — | 9.34M | -39% | — | — | 13F | |
| 12 | INVESCO QQQ TRUST, SERIES 1 | — | $5.8B | — | 7.83M | -54% | — | — | 13F | |
| 13 | NVIDIA CORP | Technology | $2.3B | — | 11.29M | +38% | — | — | 13F | |
| 14 | INVESCO QQQ TRUST, SERIES 1 | — | $2.1B | — | 2.79M | -71% | — | — | 13F | |
| 15 | MICROSOFT CORP | Technology | $1.8B | — | 4.81M | +40% | — | — | 13F | |
| 16 | Apple Inc. | Technology | $1.2B | — | 4.19M | +21% | — | — | 13F | |
| 17 | AMAZON COM INC | Consumer Discretionary | $1.1B | — | 4.45M | -38% | — | — | 13F | |
| 18 | Tesla, Inc. | Consumer Discretionary | $884.9M | — | 2.10M | -3% | — | — | 13F | |
| 19 | — PUT | ISHARES TR - IBOXX INV CP ETF | — | $681.4M | — | 6.25M | +22% | — | — | 13F |
| 20 | — CALL | ISHARES TR - RUSSELL 2000 ETF | — | $673.0M | — | 2.24M | +1004% | — | — | 13F |
| 21 | SPDR S&P 500 ETF TRUST | — | $664.9M | — | 890K | -21% | — | — | 13F | |
| 22 | Nebius Group N.V. | Technology | $622.9M | — | 2.26M | +4% | — | — | 13F | |
| 23 | MICRON TECHNOLOGY INC | Technology | $601.6M | — | 521K | +25% | — | — | 13F | |
| 24 | Tesla, Inc. | Consumer Discretionary | $556.4M | 0.8% | 1.32M | -9% | 1+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | — CALL | SELECT SECTOR SPDR TR - ST STR FINL ETF | — | $532.4M | — | 9.93M | +69% | — | — | 13F |
| 26 | $GOOG PUT | Alphabet Inc. | Technology | $522.0M | — | 1.48M | -20% | |||
| 27 | $GOOGL PUT | Alphabet Inc. | Technology | $472.8M | — | 1.32M | -22% | |||
| 28 | — PUT | ISHARES TR - CHINA LG-CAP ETF | — | $424.2M | — | 13.43M | +15% | |||
| 29 | $META PUT | Meta Platforms, Inc. | Technology | $384.5M | — | 683K | +36% | |||
| 30 | — CALL | ISHARES TR - CHINA LG-CAP ETF | — | $365.6M | — | 11.57M | +15% | |||
| 31 | $AMD PUT | ADVANCED MICRO DEVICES INC | Technology | $355.0M | — | 611K | -37% | |||
| 32 | $AAPL CALL | Apple Inc. | Technology | $354.4M | — | 1.22M | +53% | |||
| 33 | $META | Meta Platforms, Inc. | Technology | $335.1M | 0.5% | 595K | +75% | |||
| 34 | $NVDA CALL | NVIDIA CORP | Technology | $316.2M | — | 1.58M | -34% | |||
| 35 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $314.4M | 0.5% | 427K | +1256% | |||
| 36 | $AVGO PUT | Broadcom Inc. | Technology | $313.1M | — | 829K | +12% | |||
| 37 | — PUT | SELECT SECTOR SPDR TR - ST STR FINL ETF | — | $288.3M | — | 5.38M | -25% | |||
| 38 | — PUT | ISHARES TR - IBOXX HI YD ETF | — | $284.1M | — | 3.55M | -20% | |||
| 39 | $INTC PUT | INTEL CORP | Technology | $283.3M | — | 2.03M | +12% | |||
| 40 | $AAPL | Apple Inc. | Technology | $270.5M | 0.4% | 935K | -5% | |||
| 41 | $MU | MICRON TECHNOLOGY INC | Technology | $265.9M | 0.4% | 230K | +331% | |||
| 42 | $BRK.B PUT | BERKSHIRE HATHAWAY INC | Financials | $243.1M | — | 486K | +99% | |||
| 43 | $TSLA CALL | Tesla, Inc. | Consumer Discretionary | $232.2M | — | 552K | -17% | |||
| 44 | — PUT | ISHARES TR - MSCI EMG MKT ETF | — | $215.6M | — | 3.15M | -29% | |||
| 45 | — PUT | VANECK ETF TRUST - SEMICONDUCTR ETF | — | $214.1M | — | 327K | New | |||
| 46 | $ECHO | EchoStar CORP | Communication Services | $205.0M | 0.3% | 65.59M | +25% | |||
| 47 | $NOK | NOKIA CORP | Technology | $193.8M | 0.3% | 14.60M | New | |||
| 48 | — CALL | SPDR SERIES TRUST - ST STR SP REGBNK | — | $193.5M | — | 2.58M | +1111% | |||
| 49 | $NOK PUT | NOKIA CORP | Technology | $193.2M | — | 14.55M | New | |||
| 50 | — PUT | SPDR SERIES TRUST - ST STR SP REGBNK | — | $191.8M | — | 2.56M | +4213% | |||
| 51 | $AMZN CALL | AMAZON COM INC | Consumer Discretionary | $186.3M | — | 782K | -45% | |||
| 52 | $ORCL | ORACLE CORP | Technology | $178.4M | 0.3% | 1.22M | +38% | |||
| 53 | — PUT | ISHARES TR - RUSSELL 2000 ETF | — | $171.3M | — | 570K | -65% | |||
| 54 | $AVGO | Broadcom Inc. | Technology | $169.3M | 0.3% | 448K | +19% | |||
| 55 | $JPM PUT | JPMORGAN CHASE & CO | Financials | $164.6M | — | 503K | +19% | |||
| 56 | $MSFT CALL | MICROSOFT CORP | Technology | $158.0M | — | 424K | -44% | |||
| 57 | $AMAT PUT | APPLIED MATERIALS INC /DE | Technology | $146.2M | — | 202K | +35% | |||
| 58 | $SPCX | SPACE EXPLORATION TECHNOLOGIES CORP | Technology | $138.8M | 0.2% | 813K | New | |||
| 59 | $LLY PUT | ELI LILLY & Co | Healthcare | $138.3M | — | 115K | +21% | |||
| 60 | $SNDK PUT | Sandisk Corp | Technology | $133.7M | — | 59K | +77% | |||
| 61 | $IDCC | InterDigital, Inc. | Technology | $127.7M | 0.2% | 34.89M | +1% | |||
| 62 | $BBIO | BridgeBio Pharma, Inc. | Healthcare | $124.5M | 0.2% | 69.87M | +29% | |||
| 63 | $GOOG CALL | Alphabet Inc. | Technology | $124.0M | — | 351K | -36% | |||
| 64 | $XOM.R34088 PUT | EXXON MOBIL CORP | Energy | $122.4M | — | 895K | +2% | |||
| 65 | $META CALL | Meta Platforms, Inc. | Technology | $122.1M | — | 217K | -30% | |||
| 66 | $MSTR PUT | Strategy Inc | Financials | $119.3M | — | 1.37M | +2585% | |||
| 67 | $LRCX PUT | LAM RESEARCH CORP | Technology | $115.4M | — | 266K | +29% | |||
| 68 | $MSTR | Strategy Inc | Financials | $112.9M | 0.2% | 1.30M | +1948% | |||
| 69 | $AVGO CALL | Broadcom Inc. | Technology | $109.2M | — | 289K | -6% | |||
| 70 | $PLTR | Palantir Technologies Inc. | Technology | $107.9M | 0.2% | 925K | +188% | |||
| 71 | $GOOGL CALL | Alphabet Inc. | Technology | $106.2M | — | 297K | +19% | |||
| 72 | $IBIT PUT | iShares Bitcoin Trust ETF | Financials | $100.5M | — | 3.02M | -15% | |||
| 73 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $98.8M | 0.1% | 197K | +628% | |||
| 74 | $GOOG | Alphabet Inc. | Technology | $96.1M | 0.1% | 272K | -68% | |||
| 75 | $WBD | Warner Bros. Discovery, Inc. | Communication Services | $90.8M | 0.1% | 3.40M | -67% | |||
| 76 | $JNJ PUT | JOHNSON & JOHNSON | Healthcare | $90.1M | — | 355K | -0.3% | |||
| 77 | $CAT PUT | CATERPILLAR INC | Industrials | $89.8M | — | 84K | +19% | |||
| 78 | $ORCL PUT | ORACLE CORP | Technology | $87.8M | — | 599K | +72% | |||
| 79 | $PLTR PUT | Palantir Technologies Inc. | Technology | $86.6M | — | 742K | +1% | |||
| 80 | $NET | Cloudflare, Inc. | Technology | $86.2M | 0.1% | 67.00M | -27% | |||
| 81 | $CHEF | Chefs' Warehouse, Inc. | Consumer Staples | $79.8M | 0.1% | 35.64M | -14% | |||
| 82 | $CSCO PUT | CISCO SYSTEMS, INC. | Technology | $77.4M | — | 659K | +80% | |||
| 83 | $GTLS | CHART INDUSTRIES INC | Industrials | $77.3M | 0.1% | 370K | +127% | |||
| 84 | $PANW PUT | Palo Alto Networks Inc | Technology | $76.7M | — | 225K | -9% | |||
| 85 | $BAC PUT | BANK OF AMERICA CORP /DE/ | Financials | $76.5M | — | 1.34M | -4% | |||
| 86 | $GS PUT | GOLDMAN SACHS GROUP INC | Financials | $76.2M | — | 75K | +52% | |||
| 87 | $SPY | SPDR S&P 500 ETF TRUST | — | $75.7M | 0.1% | 101K | -83% | |||
| 88 | $BABA | Alibaba Group Holding Ltd | Consumer Discretionary | $74.2M | 0.1% | 773K | +9612% | |||
| 89 | $WBS | WEBSTER FINANCIAL CORP | Financials | $71.5M | 0.1% | 935K | +10% | |||
| 90 | $LYV | Live Nation Entertainment, Inc. | Communication Services | $71.4M | 0.1% | 40.00M | New | |||
| 91 | $V PUT | VISA INC. | Financials | $70.0M | — | 204K | +10% | |||
| 92 | $WMT PUT | Walmart Inc. | Consumer Staples | $69.7M | — | 615K | +8% | |||
| 93 | — | ISHARES TR - CHINA LG-CAP ETF | — | $69.5M | 0.1% | 2.20M | +110% | |||
| 94 | $BABA PUT | Alibaba Group Holding Ltd | Consumer Discretionary | $69.1M | — | 720K | +320% | |||
| 95 | $KVUE | Kenvue Inc. | Consumer Staples | $68.8M | 0.1% | 3.60M | +35% | |||
| 96 | $MIRM | Mirum Pharmaceuticals, Inc. | Healthcare | $68.3M | 0.1% | 18.45M | -32% | |||
| 97 | $GEV PUT | GE Vernova Inc. | Industrials | $67.7M | — | 58K | +31% | |||
| 98 | $C PUT | CITIGROUP INC | Financials | $66.8M | — | 477K | +7% | |||
| 99 | $AKAM | AKAMAI TECHNOLOGIES INC | Industrials | $65.7M | 0.1% | 45.00M | New | |||
| 100 | $PG PUT | PROCTER & GAMBLE Co | Consumer Staples | $65.7M | — | 448K | +34% | |||
| 101 | $CVX PUT | CHEVRON CORP | Energy | $65.2M | — | 393K | +15% | |||
| 102 | $MRVL PUT | Marvell Technology, Inc. | Technology | $64.8M | — | 218K | — | |||
| 103 | $XERS | Xeris Biopharma Holdings, Inc. | Healthcare | $62.6M | 0.1% | 23.07M | — | |||
| 104 | — | SELECT SECTOR SPDR TR - ST STR ENERG ETF | — | $61.9M | 0.1% | 1.16M | +0.1% | |||
| 105 | $NFLX PUT | NETFLIX INC | Communication Services | $61.2M | — | 858K | +15% | |||
| 106 | $BMRN | BIOMARIN PHARMACEUTICAL INC | Healthcare | $60.8M | 0.1% | 62.43M | +15% | |||
| 107 | $UNH PUT | UNITEDHEALTH GROUP INC | Healthcare | $59.3M | — | 143K | +41% | |||
| 108 | $WBD PUT | Warner Bros. Discovery, Inc. | Communication Services | $58.4M | — | 2.19M | -76% | |||
| 109 | $UBER | Uber Technologies, Inc | Technology | $57.3M | 0.1% | 47.87M | +46% | |||
| 110 | $SPCX CALL | SPACE EXPLORATION TECHNOLOGIES CORP | Technology | $55.5M | — | 325K | New | |||
| 111 | $LRCX CALL | LAM RESEARCH CORP | Technology | $53.4M | — | 123K | +183% | |||
| 112 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $52.7M | 0.1% | 110K | +132% | |||
| 113 | $QCOM PUT | QUALCOMM INC/DE | Technology | $52.4M | — | 284K | +32% | |||
| 114 | $STX PUT | Seagate Technology Holdings plc | Technology | $49.2M | — | 51K | +91% | |||
| 115 | $ETSY | ETSY INC | Industrials | $48.3M | 0.1% | 641K | New | |||
| 116 | $MRK PUT | Merck & Co., Inc. | Healthcare | $47.0M | — | 365K | -8% | |||
| 117 | $KO PUT | COCA COLA CO | Consumer Staples | $46.7M | — | 575K | +34% | |||
| 118 | $CBRS | Cerebras Systems Inc. | Technology | $44.7M | 0.1% | 202K | New | |||
| 119 | $ETSY | ETSY INC | Industrials | $44.6M | 0.1% | 47.00M | New | |||
| 120 | $MU CALL | MICRON TECHNOLOGY INC | Technology | $44.3M | — | 38K | -32% | |||
| 121 | $ROKU | ROKU, INC | Communication Services | $44.2M | 0.1% | 320K | +1652% | |||
| 122 | $SNDK | Sandisk Corp | Technology | $44.2M | 0.1% | 19K | +421% | |||
| 123 | $ETSY | ETSY INC | Industrials | $43.9M | 0.1% | 37.75M | New | |||
| 124 | $RTX PUT | RTX Corp | Industrials | $43.8M | — | 231K | +4% | |||
| 125 | $BSY | BENTLEY SYSTEMS INC | Technology | $43.8M | 0.1% | 45.54M | +9% | |||
| 126 | $ABBV PUT | AbbVie Inc. | Healthcare | $42.8M | — | 170K | -6% | |||
| 127 | $ADBE PUT | ADOBE INC. | Technology | $42.2M | — | 206K | +59% | |||
| 128 | $DELL PUT | Dell Technologies Inc. | Technology | $41.8M | — | 97K | +110% | |||
| 129 | — | ISHARES TR - MSCI EMG MKT ETF | — | $41.4M | 0.1% | 605K | -17% | |||
| 130 | $HD PUT | HOME DEPOT, INC. | Consumer Discretionary | $41.2M | — | 117K | +4% | |||
| 131 | $MS PUT | MORGAN STANLEY | Financials | $41.1M | — | 197K | -3% | |||
| 132 | $GVA | GRANITE CONSTRUCTION INC | Industrials | $40.9M | 0.1% | 19.50M | New | |||
| 133 | $WFC PUT | WELLS FARGO & COMPANY/MN | Financials | $40.6M | — | 492K | -10% | |||
| 134 | $MA PUT | Mastercard Inc | Financials | $40.3M | — | 79K | -13% | |||
| 135 | $ADBE | ADOBE INC. | Technology | $40.0M | 0.1% | 195K | +130% | |||
| 136 | $GE PUT | GENERAL ELECTRIC CO | Industrials | $39.9M | — | 107K | +8% | |||
| 137 | $CSCO CALL | CISCO SYSTEMS, INC. | Technology | $39.8M | — | 339K | +43% | |||
| 138 | $AMD CALL | ADVANCED MICRO DEVICES INC | Technology | $39.7M | — | 68K | +1% | |||
| 139 | $CRWD PUT | CrowdStrike Holdings, Inc. | Technology | $39.2M | — | 51K | +5% | |||
| 140 | $COST PUT | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $38.8M | — | 42K | +0.7% | |||
| 141 | $NFLX | NETFLIX INC | Communication Services | $37.8M | 0.1% | 530K | +417% | |||
| 142 | $WDC PUT | WESTERN DIGITAL CORP | Technology | $37.7M | — | 59K | +27% | |||
| 143 | $JPM CALL | JPMORGAN CHASE & CO | Financials | $37.2M | — | 114K | +20% | |||
| 144 | $LRN | Stride, Inc. | Consumer Discretionary | $36.4M | 0.1% | 21.50M | +87% | |||
| 145 | $AMD | ADVANCED MICRO DEVICES INC | Technology | $35.4M | 0.1% | 61K | -91% | |||
| 146 | $VZ PUT | VERIZON COMMUNICATIONS INC | Communication Services | $35.4M | — | 836K | +35% | |||
| 147 | $DXCM | DEXCOM INC | Healthcare | $34.9M | 0.1% | 37.34M | New | |||
| 148 | $AMAT CALL | APPLIED MATERIALS INC /DE | Technology | $34.8M | — | 48K | -5% | |||
| 149 | $IBM PUT | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $34.8M | — | 124K | -47% | |||
| 150 | $WMT CALL | Walmart Inc. | Consumer Staples | $34.3M | — | 303K | +4% |
What changed in Q2 2026
Against the previous quarter's 13F: 387 new, 624 added to, 542 trimmed, 316 sold out. Share-count changes; largest moves by dollar size first.
New positions (387)
- ALPHABET INC - DEP SHS RP1/20 B$10.1B
first bought this quarter
first bought this quarter
first bought this quarter
- $SPCXSPACE EXPLORATION TECHNOLOGIES CORP$138.8M
first bought this quarter
- $SPCXCALLSPACE EXPLORATION TECHNOLOGIES CORP$55.5M
first bought this quarter
$ETSYETSY INC$48.3M
first bought this quarter
+381 more in the Excel export
Added to (624)
now $2.3B
- CALLISHARES TR - RUSSELL 2000 ETF+1004%
now $673.0M
now $1.4B · held 1+ qtrs
now $1.6B · held 1+ qtrs
now $1.8B
now $314.4M · held 1+ qtrs
+618 more in the Excel export
Trimmed (542)
now $5.8B
now $2.1B
$SPYPUTSPDR S&P 500 ETF TRUST-39%
now $7.0B
now $1.1B
now $736.3M · held 1+ qtrs
$AMDADVANCED MICRO DEVICES INC-91%
now $35.4M · held 1+ qtrs
+536 more in the Excel export
Holdings by quarter
Every 13F CAPSTONE INVESTMENT ADVISORS, LLC has filed, 31 earlier quarters. Pick one to see what it held then.
Is it too late to follow CAPSTONE INVESTMENT ADVISORS?
Q2 2026 13F filed with the SEC on Aug 17, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of CAPSTONE INVESTMENT ADVISORS's top 20 holdings: 68/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
-11.0%
Value-weighted move of the 10 largest stock positions
Turnover
—
Last quarter
Top 10 weight
89%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2026 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
CAPSTONE INVESTMENT ADVISORS, LLC disclosed 1,641 positions worth $106.1B in its Form 13F-HR for Q2 2026 — $66.4B in common stock plus $39.7B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SMCI (Super Micro Computer, Inc.) at 34.4% of the equity portfolio, followed by $GOOG. During the quarter the fund opened 387 new positions and exited 316. The portfolio is most concentrated in Technology (60.3% of disclosed assets). All figures are sourced directly from CAPSTONE INVESTMENT ADVISORS, LLC’s Form 13F-HR filing with the SEC under CIK 1426196.
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