Largest positions
| Issuer | Class | Value | Share |
|---|---|---|---|
| State Str SPDR S&P 500 ETF T (put option)TR UNIT | TR UNIT | $6,974,682,446 | 12.9% |
| Invesco Qqq TR (put option)UNIT SER 1 | UNIT SER 1 | $5,769,325,800 | 10.7% |
| Nvidia Corporation (put option)COM | COM | $2,259,196,181 | 4.2% |
| Invesco Qqq TR (call option)UNIT SER 1 | UNIT SER 1 | $2,054,850,560 | 3.8% |
| Microsoft Corp. (put option)COM | COM | $1,792,696,818 | 3.3% |
| Microsoft Corp.COM | COM | $1,605,198,688 | 3.0% |
| Nvidia CorporationCOM | COM | $1,374,571,679 | 2.5% |
| Western Digital Corp.NOTE 3.000%11/1 | NOTE 3.000%11/1 | $1,356,378,578 | 2.5% |
| Apple Inc. (put option)COM | COM | $1,212,389,464 | 2.2% |
| iShares TRCORE S&P500 ETF | CORE S&P500 ETF | $1,169,847,060 | 2.2% |
| Amazon Com Inc. (put option)COM | COM | $1,060,136,320 | 2.0% |
| Tesla Inc. (put option)COM | COM | $884,858,280 | 1.6% |
| Amazon Com Inc.COM | COM | $736,345,948 | 1.4% |
| iShares TR (put option)IBOXX INV CP ETF | IBOXX INV CP ETF | $681,414,823 | 1.3% |
| iShares TR (call option)RUSSELL 2000 ETF | RUSSELL 2000 ETF | $673,008,000 | 1.2% |
| State Str SPDR S&P 500 ETF T (call option)TR UNIT | TR UNIT | $664,924,008 | 1.2% |
| Nebius Group N.V. (put option)SHS CLASS A | SHS CLASS A | $622,901,439 | 1.2% |
| Micron Technology Inc. (put option)COM | COM | $601,615,948 | 1.1% |
| Vanguard Index FdsS&P 500 ETF SHS | S&P 500 ETF SHS | $589,230,782 | 1.1% |
| Tesla Inc.COM | COM | $556,449,173 | 1.0% |
| Select Sector SPDR TR (call option)ST STR FINL ETF | ST STR FINL ETF | $532,427,718 | 1.0% |
| Alphabet Inc. (put option)CAP STK CL C | CAP STK CL C | $521,974,409 | 1.0% |
| Alphabet Inc. (put option)CAP STK CL A | CAP STK CL A | $472,836,247 | 0.9% |
| iShares TR (put option)CHINA LG-CAP ETF | CHINA LG-CAP ETF | $424,244,225 | 0.8% |
| Meta Platforms Inc. (put option)CL A | CL A | $384,501,754 | 0.7% |
| iShares TR (call option)CHINA LG-CAP ETF | CHINA LG-CAP ETF | $365,565,800 | 0.7% |
| Advanced Micro Devices Inc. (put option)COM | COM | $354,994,101 | 0.7% |
| Apple Inc. (call option)COM | COM | $354,379,192 | 0.7% |
| Meta Platforms Inc.CL A | CL A | $335,084,886 | 0.6% |
| Nvidia Corporation (call option)COM | COM | $316,242,245 | 0.6% |
| Invesco Qqq TRUNIT SER 1 | UNIT SER 1 | $314,402,298 | 0.6% |
| Broadcom Inc. (put option)COM | COM | $313,079,200 | 0.6% |
| Select Sector SPDR TR (put option)ST STR FINL ETF | ST STR FINL ETF | $288,309,221 | 0.5% |
| iShares TR (put option)IBOXX HI YD ETF | IBOXX HI YD ETF | $284,085,428 | 0.5% |
| Intel Corp. (put option)COM | COM | $283,295,307 | 0.5% |
| Apple Inc.COM | COM | $270,463,924 | 0.5% |
| Micron Technology Inc.COM | COM | $265,901,090 | 0.5% |
| Berkshire Hathaway Inc. Del (put option)CL B NEW | CL B NEW | $243,139,501 | 0.4% |
| Tesla Inc. (call option)COM | COM | $232,213,260 | 0.4% |
| iShares TR (put option)MSCI EMG MKT ETF | MSCI EMG MKT ETF | $215,607,797 | 0.4% |
| Vaneck ETF Trust (put option)SEMICONDUCTR ETF | SEMICONDUCTR ETF | $214,148,085 | 0.4% |
| Echostar Corp.NOTE 3.875%11/3 | NOTE 3.875%11/3 | $204,962,501 | 0.4% |
| Nokia Corp.SPONSORED ADR | SPONSORED ADR | $193,826,633 | 0.4% |
| SPDR Series Trust (call option)ST STR SP REGBNK | ST STR SP REGBNK | $193,487,250 | 0.4% |
| Nokia Corp. (put option)SPONSORED ADR | SPONSORED ADR | $193,224,000 | 0.4% |
| SPDR Series Trust (put option)ST STR SP REGBNK | ST STR SP REGBNK | $191,773,185 | 0.4% |
| Amazon Com Inc. (call option)COM | COM | $186,334,212 | 0.3% |
| Oracle Corp.COM | COM | $178,393,996 | 0.3% |
| iShares TR (put option)RUSSELL 2000 ETF | RUSSELL 2000 ETF | $171,256,500 | 0.3% |
| Broadcom Inc.COM | COM | $169,343,436 | 0.3% |
State Str SPDR S&P 500 ETF T (put option)TR UNIT$6,974,682,446
- Class
- TR UNIT
- Share
- 12.9%
Invesco Qqq TR (put option)UNIT SER 1$5,769,325,800
- Class
- UNIT SER 1
- Share
- 10.7%
Nvidia Corporation (put option)COM$2,259,196,181
- Class
- COM
- Share
- 4.2%
Invesco Qqq TR (call option)UNIT SER 1$2,054,850,560
- Class
- UNIT SER 1
- Share
- 3.8%
Microsoft Corp. (put option)COM$1,792,696,818
- Class
- COM
- Share
- 3.3%
Microsoft Corp.COM$1,605,198,688
- Class
- COM
- Share
- 3.0%
Nvidia CorporationCOM$1,374,571,679
- Class
- COM
- Share
- 2.5%
Western Digital Corp.NOTE 3.000%11/1$1,356,378,578
- Class
- NOTE 3.000%11/1
- Share
- 2.5%
Apple Inc. (put option)COM$1,212,389,464
- Class
- COM
- Share
- 2.2%
iShares TRCORE S&P500 ETF$1,169,847,060
- Class
- CORE S&P500 ETF
- Share
- 2.2%
Amazon Com Inc. (put option)COM$1,060,136,320
- Class
- COM
- Share
- 2.0%
Tesla Inc. (put option)COM$884,858,280
- Class
- COM
- Share
- 1.6%
Amazon Com Inc.COM$736,345,948
- Class
- COM
- Share
- 1.4%
iShares TR (put option)IBOXX INV CP ETF$681,414,823
- Class
- IBOXX INV CP ETF
- Share
- 1.3%
iShares TR (call option)RUSSELL 2000 ETF$673,008,000
- Class
- RUSSELL 2000 ETF
- Share
- 1.2%
State Str SPDR S&P 500 ETF T (call option)TR UNIT$664,924,008
- Class
- TR UNIT
- Share
- 1.2%
Nebius Group N.V. (put option)SHS CLASS A$622,901,439
- Class
- SHS CLASS A
- Share
- 1.2%
Micron Technology Inc. (put option)COM$601,615,948
- Class
- COM
- Share
- 1.1%
Vanguard Index FdsS&P 500 ETF SHS$589,230,782
- Class
- S&P 500 ETF SHS
- Share
- 1.1%
Tesla Inc.COM$556,449,173
- Class
- COM
- Share
- 1.0%
Select Sector SPDR TR (call option)ST STR FINL ETF$532,427,718
- Class
- ST STR FINL ETF
- Share
- 1.0%
Alphabet Inc. (put option)CAP STK CL C$521,974,409
- Class
- CAP STK CL C
- Share
- 1.0%
Alphabet Inc. (put option)CAP STK CL A$472,836,247
- Class
- CAP STK CL A
- Share
- 0.9%
iShares TR (put option)CHINA LG-CAP ETF$424,244,225
- Class
- CHINA LG-CAP ETF
- Share
- 0.8%
Meta Platforms Inc. (put option)CL A$384,501,754
- Class
- CL A
- Share
- 0.7%
iShares TR (call option)CHINA LG-CAP ETF$365,565,800
- Class
- CHINA LG-CAP ETF
- Share
- 0.7%
Advanced Micro Devices Inc. (put option)COM$354,994,101
- Class
- COM
- Share
- 0.7%
Apple Inc. (call option)COM$354,379,192
- Class
- COM
- Share
- 0.7%
Meta Platforms Inc.CL A$335,084,886
- Class
- CL A
- Share
- 0.6%
Nvidia Corporation (call option)COM$316,242,245
- Class
- COM
- Share
- 0.6%
Invesco Qqq TRUNIT SER 1$314,402,298
- Class
- UNIT SER 1
- Share
- 0.6%
Broadcom Inc. (put option)COM$313,079,200
- Class
- COM
- Share
- 0.6%
Select Sector SPDR TR (put option)ST STR FINL ETF$288,309,221
- Class
- ST STR FINL ETF
- Share
- 0.5%
iShares TR (put option)IBOXX HI YD ETF$284,085,428
- Class
- IBOXX HI YD ETF
- Share
- 0.5%
Intel Corp. (put option)COM$283,295,307
- Class
- COM
- Share
- 0.5%
Apple Inc.COM$270,463,924
- Class
- COM
- Share
- 0.5%
Micron Technology Inc.COM$265,901,090
- Class
- COM
- Share
- 0.5%
Berkshire Hathaway Inc. Del (put option)CL B NEW$243,139,501
- Class
- CL B NEW
- Share
- 0.4%
Tesla Inc. (call option)COM$232,213,260
- Class
- COM
- Share
- 0.4%
iShares TR (put option)MSCI EMG MKT ETF$215,607,797
- Class
- MSCI EMG MKT ETF
- Share
- 0.4%
Vaneck ETF Trust (put option)SEMICONDUCTR ETF$214,148,085
- Class
- SEMICONDUCTR ETF
- Share
- 0.4%
Echostar Corp.NOTE 3.875%11/3$204,962,501
- Class
- NOTE 3.875%11/3
- Share
- 0.4%
Nokia Corp.SPONSORED ADR$193,826,633
- Class
- SPONSORED ADR
- Share
- 0.4%
SPDR Series Trust (call option)ST STR SP REGBNK$193,487,250
- Class
- ST STR SP REGBNK
- Share
- 0.4%
Nokia Corp. (put option)SPONSORED ADR$193,224,000
- Class
- SPONSORED ADR
- Share
- 0.4%
SPDR Series Trust (put option)ST STR SP REGBNK$191,773,185
- Class
- ST STR SP REGBNK
- Share
- 0.4%
Amazon Com Inc. (call option)COM$186,334,212
- Class
- COM
- Share
- 0.3%
Oracle Corp.COM$178,393,996
- Class
- COM
- Share
- 0.3%
iShares TR (put option)RUSSELL 2000 ETF$171,256,500
- Class
- RUSSELL 2000 ETF
- Share
- 0.3%
Broadcom Inc.COM$169,343,436
- Class
- COM
- Share
- 0.3%
The share class is shown on a wider screen.
The 50 largest of 1,641 positions by value, with holdings of the same security combined. The 200 largest are in this firm's machine-readable record. Share counts and quarter-on-quarter changes for each position are on EDGAR. View the full information table on EDGAR
This filing
- Form
- 13F-HR
- CIK
- 1426196
- File number
- 028-13005
- Options
- 307 call, 392 put
- In the 25 largest
- 64.7%
- Prior quarter
- $57,413,662,700 at 31 March 2026
- Positions opened
- 416
- Positions closed
- 333
Common questions
What are Capstone Investment Advisors’ 13F holdings worth?
$54,040,010,271 across 1,641 positions for the quarter ended 30 June 2026.
What is Capstone Investment Advisors’ largest 13F holding?
STATE STR SPDR S&P 500 ETF T (TR UNIT) was the largest position at $6,974,682,446, or 12.9% of reported 13F value, as of 30 June 2026.
How concentrated is Capstone Investment Advisors’ 13F portfolio?
The ten largest positions accounted for 47.3% of reported value and the twenty-five largest for 64.7%, across 1,641 positions as of 30 June 2026.
Does Form 13F show everything Capstone Investment Advisors manages?
No. Form 13F covers only long positions in exchange-traded securities over which the manager has investment discretion, valued at quarter end. It excludes cash, most bonds, private funds, and any assets the firm does not have discretion over, so it is neither the firm's total assets nor any individual client's portfolio.
How often does Capstone Investment Advisors file its 13F?
Every quarter. Managers file within 45 days of each quarter's end, so the figures are a snapshot that changes between filings. This page shows the quarter ended 30 June 2026.
Answered from this filing and the prior quarter's.