Clients
Capstone Investment Advisors serves 31 clients, 29 of them pooled investment vehicles. The average client has about $2.95 billion with the firm.
- Pooled investment vehicles29 clients100%
- Banking or thrift institutions2 clients0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | 2 | $139,957,890 | 0.2% | $70.0M |
| Pooled investment vehicles | 29 | $91,386,579,197 | 99.8% | $3.15B |
| Total | 31 | $91,526,537,087 | 100% | $2.95B |
- Clients
- 2
- Regulatory AUM
- $139,957,890
- Share
- 0.2%
- Avg. per client
- $70.0M
- Clients
- 29
- Regulatory AUM
- $91,386,579,197
- Share
- 99.8%
- Avg. per client
- $3.15B
Total
- Clients
- 31
- Regulatory AUM
- $91,526,537,087
- Share
- 100%
- Avg. per client
- $2.95B
What it does
Capstone Investment Advisors provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, fixed fees and performance-based fees.
Capstone Investment Advisors advises 16 private funds.
100.0% of assets ($91.53B across 31 accounts) are managed with discretion. 68% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Cash80%
- Other20%
- Derivatives20%
Custodians
Capstone Investment Advisors’ client accounts are held mainly at Morgan Stanley, with 0% of managed assets, and The Bank of New York Mellon, with 0%. Capstone Investment Advisors has custody of client assets.
- OtherMorgan Stanley, The Bank of New York Mellon, Goldman Sachs &, All other custodians100%
Ownership and leadership
Cia Associates Ny LLC owns 75% or more of Capstone Investment Advisors, and Paul Britton is its CEO.
- Owns 75% or more of Capstone Investment Advisors, LLC
Cia Associates Ny LLC
Control person · since December 2021
- Owns 75% or more of Cia Associates Ny LLC
Paul Britton
Control person · since December 2021
- Owns 10% to 25% of Capstone Investment Advisors, LLC
Ngi Strategic Holdings (a) LP
Control person · since May 2013
- Owns 50% to 75% of Ngi Strategic Holdings (a) LP
Ngi Strategic Holdings II, Inc.
Control person · since February 2021
- Owns 75% or more of Ngi Strategic Holdings II, Inc.
Ngi Strategic Holdings I, Inc.
Control person · since February 2021
- Owns 75% or more of Ngi Strategic Holdings I, Inc.
Navigator Global Investments Limited
Control person · since February 2021
- Owns 25% to 50% of Ngi Strategic Holdings (a) LP
Ngi Strategic Investments II, Inc.
Control person · since February 2021
- Owns 75% or more of Ngi Strategic Investments II, Inc.
Ngi Strategic Investments I, Inc.
Control person · since February 2021
Ngi Strategic Holdings GP LLC
General partner · Control person · since February 2021
Leadership
- Paul BrittonManaging Member & Chief Executive Officer
- Cristin GrimmChief Financial Officer
- Robert KolodziejChief Operating Officer
- David ZimmermanChief Compliance Officer
- Niall CameronChief Risk Officer
- Thomas LeakeHead of Solutions
- Matthew TonelliHead of Trading
Staff
- 304 employees
- 115 in advisory functions
Reported holdings
Capstone Investment Advisors’ reported 13F holdings total $54.04B across 1,641 positions, and the ten largest make up 47.3% of it.
- $54.04B
- Reported 13F value
- 1,641
- Positions
- 47.3%
- In the 10 largest
- −5.9%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR UnitPut12.9%
- Invesco Qqq TR · Unit Ser 1Put10.7%
- Nvidia CorporationPut4.2%
- Invesco Qqq TR · Unit Ser 1Call3.8%
- Microsoft Corp.Put3.3%
- Microsoft Corp.3.0%
- Nvidia Corporation2.5%
- Western Digital Corp. · Note 3.000%11/12.5%
- Apple Inc.Put2.2%
- iShares TR · Core S&P500 ETF2.2%
Together, the ten largest are 47.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $54.04B is not its $91.53B in regulatory assets and does not represent any individual client's portfolio.
Fees
Capstone Investment Advisors is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Capstone Investment Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Capstone Investment Advisors has 7 offices, with 8 listed addresses across 6 states.
California · 2 listed addresses
- 1901 Avenue of the Stars, Los Angeles
- 1160 Battery Street East, San Francisco
New York · 2 listed addresses
- 7 World Trade Center, 250 Greenwich Street 32nd FL, New YorkHQ
- 27 West 20th Street, New York
Connecticut · 1 listed address
- 1 Station Place, Stamford
Maryland · 1 listed address
- 100 W Main Street, Middletown
Massachusetts · 1 listed address
- 39-45 Newbury Street, Boston
Texas · 1 listed address
- 2800 Post Oak BLVD., Houston
Registration details
- Legal name
- Capstone Investment Advisors, LLC
- Headquarters
- 7 World Trade Center, 250 Greenwich Street 32nd FL, New York, NY 10007
- Phone
- 212-232-1420
- Website
- Not reported
- SEC file
- 801-73004
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Capstone Investment Advisors have?
Capstone Investment Advisors has 31 clients and manages $91.5 billion for them, as of August 2026. They include 29 pooled investment vehicles and 2 banking or thrift institutions.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026
What services does Capstone Investment Advisors offer?
Capstone Investment Advisors provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Capstone Investment Advisors use?
Capstone Investment Advisors’ separately managed account assets are held at Morgan Stanley & Co. International PLC (London), with $128,550,601, The Bank of New York Mellon (New York, NY), with $118,990,773 and Goldman Sachs & Co. LLC (New York, NY), with $57,405,091. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 August 2026
How many financial advisors does Capstone Investment Advisors have?
Capstone Investment Advisors has 0 investment adviser representatives registered with state securities authorities, out of 304 employees, and 115 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Capstone Investment Advisors invest in?
At the end of its last fiscal year, Capstone Investment Advisors’ separately managed accounts held 80% cash and equivalents and 20% derivatives. It advises 16 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Capstone Investment Advisors?
Capstone Investment Advisors is owned through a chain of holding companies by Navigator Global Investments Limited, Paul Britton and Ngi Strategic Investments I, Inc. Its direct owners are Ngi Strategic Holdings (a) LP (10% to 25%) and Cia Associates Ny LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 August 2026
How does Capstone Investment Advisors get paid?
Capstone Investment Advisors is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file