Capstone Investment Advisors, Llc
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$57.41B
Q ending 2026-03-31
Prior quarter
$51.09B
Q ending 2025-12-31
Change
+12.4% QoQ · +51.8% YoY
Positions
1,558
reported holdings
Largest positions
Top 100 of 1,558 reported positions by value, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| State Str Spdr S&P 500 Etf T | SPY | Put | $9.99B | 15.4M |
| Invesco Qqq Tr | QQQ | Put | $9.73B | 16.9M |
| Invesco Qqq Tr | QQQ | Call | $5.63B | 9.8M |
| Amazon Com Inc | AMZN | Put | $1.50B | 7.2M |
| Nvidia Corporation | NVDA | Put | $1.43B | 8.2M |
| Microsoft Corp | MSFT | Put | $1.27B | 3.4M |
| Amazon Com Inc | AMZN | Shares | $1.20B | 5.8M |
| Microsoft Corp | MSFT | Shares | $1.03B | 2.8M |
| Ishares Tr | IVV | Shares | $1.02B | 1.6M |
| Apple Inc | AAPL | Put | $877.3M | 3.5M |
| Tesla Inc | TSLA | Put | $807.0M | 2.2M |
| Lumentum Hldgs Inc | LITE 1.5 12/15/29 | Principal | $752.7M | 74.3M |
| State Str Spdr S&P 500 Etf T | SPY | Call | $737.4M | 1.1M |
| Nvidia Corporation | NVDA | Shares | $700.3M | 4.0M |
| Western Digital Corp | WDC 3 11/15/28 | Principal | $576.5M | 80.5M |
| Ishares Tr | LQD | Put | $556.8M | 5.1M |
| Tesla Inc | TSLA | Shares | $540.6M | 1.5M |
| Alphabet Inc | GOOG | Put | $530.4M | 1.8M |
| Vanguard Index Fds | VOO | Shares | $511.1M | 855K |
| Alphabet Inc | GOOGL | Put | $489.8M | 1.7M |
| Ishares Tr | FXI | Put | $419.8M | 11.7M |
| Nvidia Corporation | NVDA | Call | $417.7M | 2.4M |
| Ishares Tr | IWM | Put | $399.3M | 1.6M |
| State Str Spdr S&P 500 Etf T | SPY | Shares | $385.9M | 593K |
| Ishares Tr | FXI | Call | $360.8M | 10.0M |
| Ishares Tr | HYG | Put | $355.4M | 4.5M |
| Select Sector Spdr Tr | XLF | Put | $351.7M | 7.1M |
| Amazon Com Inc | AMZN | Call | $297.4M | 1.4M |
| Select Sector Spdr Tr | XLF | Call | $290.0M | 5.9M |
| Meta Platforms Inc | META | Put | $286.6M | 501K |
| Warner Bros Discovery Inc | WBD | Shares | $280.2M | 10.2M |
| Microsoft Corp | MSFT | Call | $277.7M | 750K |
| Warner Bros Discovery Inc | WBD | Put | $253.1M | 9.2M |
| Ishares Tr | EEM | Put | $252.9M | 4.5M |
| Apple Inc | AAPL | Shares | $250.3M | 986K |
| Tesla Inc | TSLA | Call | $247.9M | 667K |
| Alphabet Inc | GOOG | Shares | $240.6M | 839K |
| Broadcom Inc | AVGO | Put | $229.6M | 742K |
| Nebius Group N.V. | Put | $224.2M | 2.2M | |
| Apple Inc | AAPL | Call | $203.8M | 803K |
| Ishares Inc | EWZ | Put | $202.9M | 5.3M |
| Advanced Micro Devices Inc | AMD | Put | $198.1M | 974K |
| Alphabet Inc | GOOGL | Shares | $196.7M | 684K |
| Meta Platforms Inc | META | Shares | $194.0M | 339K |
| Echostar Corp | ECHO 3.875 11/30/30 | Principal | $187.3M | 52.4M |
| Meta Platforms Inc | META | Call | $176.9M | 309K |
| Alphabet Inc | GOOG | Call | $156.4M | 545K |
| Exxon Mobil Corp | XOM | Put | $148.2M | 874K |
| Advanced Micro Devices Inc | AMD | Shares | $145.6M | 716K |
| Micron Technology Inc | MU | Put | $141.3M | 418K |
| Ishares Bitcoin Trust Etf | IBIT | Put | $137.2M | 3.6M |
| Interdigital Inc | IDCC 3.5 06/01/27 | Principal | $134.8M | 34.5M |
| Spdr Series Trust | XOP | Put | $132.2M | 727K |
| Oracle Corp | ORCL | Shares | $130.1M | 884K |
| Jpmorgan Chase & Co | JPM | Put | $124.5M | 423K |
| Berkshire Hathaway Inc Del | BRK/B | Put | $117.2M | 245K |
| Broadcom Inc | AVGO | Shares | $117.0M | 378K |
| Ishares Tr | EFA | Call | $113.6M | 1.2M |
| Palantir Technologies Inc | PLTR | Put | $107.0M | 732K |
| Cloudflare Inc | NET 0 08/15/26 | Principal | $107.0M | 91.3M |
| Bridgebio Pharma Inc | BBIO 2.5 03/15/27 | Principal | $98.0M | 54.4M |
| Broadcom Inc | AVGO | Call | $95.4M | 308K |
| Eli Lilly & Co | LLY | Put | $87.7M | 95K |
| Johnson & Johnson | JNJ | Put | $86.9M | 356K |
| Mirum Pharmaceuticals Inc | MIRM 4 05/01/29 | Principal | $80.8M | 27.0M |
| Intel Corp | INTC | Put | $79.8M | 1.8M |
| Ishares Tr | EFA | Put | $77.2M | 795K |
| Cnx Res Corp | CNX 2.25 05/01/26 | Principal | $72.2M | 23.6M |
| Alphabet Inc | GOOGL | Call | $72.0M | 251K |
| Netflix Inc. | NFLX | Put | $71.6M | 744K |
| Select Sector Spdr Tr | XLE | Shares | $71.3M | 1.2M |
| Walmart Inc | WMT | Put | $71.0M | 571K |
| Chevron Corporation | CVX | Put | $71.0M | 343K |
| Bank America Corp | BAC | Put | $68.2M | 1.4M |
| Chefs Whse Inc | CHEF 2.375 12/15/28 | Principal | $61.2M | 41.4M |
| Webster Finl Corp | WBS | Shares | $59.0M | 850K |
| International Business Machs | IBM | Put | $56.5M | 233K |
| Visa Inc | V | Put | $55.9M | 185K |
| Progress Software Corp | PRGS 1 04/15/26 | Principal | $54.0M | 54.0M |
| Cytokinetics Inc | CYTK 4 11/15/26 | Principal | $53.9M | 8.6M |
| Biomarin Pharmaceutical Inc | BMRN 1.25 05/15/27 | Principal | $52.3M | 54.2M |
| Applied Matls Inc | AMAT | Put | $51.3M | 150K |
| Oracle Corp | ORCL | Put | $51.3M | 349K |
| Ascendis Pharma A/S | ASND 2.25 04/01/28 | Principal | $51.0M | 34.7M |
| Conmed Corp | CNMD 2.25 06/15/27 | Principal | $51.0M | 52.5M |
| Citigroup Inc | C | Put | $50.8M | 448K |
| Rapid7 Inc | RPD 0.25 03/15/27 | Principal | $50.4M | 53.4M |
| Ishares Tr | IWM | Call | $50.3M | 203K |
| Caterpillar Inc | CAT | Put | $50.1M | 71K |
| Gxo Logistics Incorporated | GXO | Shares | $50.0M | 964K |
| Procter & Gamble Co | PG | Put | $48.2M | 334K |
| Visa Inc | V | Call | $48.1M | 159K |
| Electronic Arts Inc | EA | Shares | $47.9M | 235K |
| Merck & Co Inc | MRK | Put | $47.8M | 397K |
| Xeris Biopharma Holdings Inc | XERS 8 07/15/28 | Principal | $47.2M | 23.1M |
| Palantir Technologies Inc | PLTR | Shares | $46.9M | 321K |
| Bristol-Myers Squibb Co | BMY | Put | $46.5M | 767K |
| Kenvue Inc | KVUE | Shares | $45.9M | 2.7M |
| Mastercard Incorporated | MA | Put | $44.9M | 90K |
| Lam Research Corp | LRCX | Put | $44.2M | 207K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.