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CAPSTONE INVESTMENT ADVISORS, LLC
Period ended Jun 30, 2026 · Latest filing Aug 17, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Jun 30, 2026: $54,040,010,271
More quarters will appear as history becomes available.
Top holdings
Top 10 at Jun 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- STATE STR SPDR S&P 500 ETF T · TR UNIT · 78462F103 · shares · PUT: $6,974,682,446
- INVESCO QQQ TR · UNIT SER 1 · 46090E103 · shares · PUT: $5,769,325,800
- NVIDIA CORPORATION · COM · 67066G104 · shares · PUT: $2,259,196,181
- INVESCO QQQ TR · UNIT SER 1 · 46090E103 · shares · CALL: $2,054,850,560
- MICROSOFT CORP · COM · 594918104 · shares · PUT: $1,792,696,818
- MICROSOFT CORP · COM · 594918104 · shares: $1,605,198,688
- NVIDIA CORPORATION · COM · 67066G104 · shares: $1,374,571,679
- WESTERN DIGITAL CORP · NOTE 3.000%11/1 · 958102AT2 · principal: $1,356,378,578
- APPLE INC · COM · 037833100 · shares · PUT: $1,212,389,464
- ISHARES TR · CORE S&P500 ETF · 464287200 · shares: $1,169,847,060
Reported holdings
1,641 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| NETFLIX INC. | COM | 64110L106 | PUT | 857,700 shares | $61,239,780 |
| BIOMARIN PHARMACEUTICAL INC | NOTE 1.250% 5/1 | 09061GAK7 | — | 62,432,000 principal | $60,821,254 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | PUT | 142,600 shares | $59,268,838 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | PUT | 2,192,000 shares | $58,438,720 |
| UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 | — | 47,871,000 principal | $57,349,458 |
| SPACE EXPLORATION TECHN CORP | CLASS A COM STK | 84615Q103 | CALL | 325,000 shares | $55,529,500 |
| LAM RESEARCH CORP | COM NEW | 512807306 | CALL | 123,300 shares | $53,429,589 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | — | 110,383 shares | $52,715,609 |
| QUALCOMM INC | COM | 747525103 | PUT | 283,500 shares | $52,387,965 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 | PUT | 51,000 shares | $49,215,000 |
| ETSY INC | COM | 29786A106 | — | 640,706 shares | $48,264,383 |
| MERCK & CO INC | COM | 58933Y105 | PUT | 365,400 shares | $46,953,900 |
| COCA COLA CO | COM | 191216100 | PUT | 574,900 shares | $46,722,123 |
| CEREBRAS SYSTEMS INC | COM CL A | 15675D103 | — | 202,100 shares | $44,664,100 |
| ETSY INC | NOTE 0.125% 9/0 | 29786AAL0 | — | 47,000,000 principal | $44,565,400 |
| MICRON TECHNOLOGY INC | COM | 595112103 | CALL | 38,400 shares | $44,324,736 |
| ROKU INC | COM CL A | 77543R102 | — | 320,000 shares | $44,204,800 |
| SANDISK CORP | COM | 80004C200 | — | 19,435 shares | $44,189,943 |
| ETSY INC | NOTE 1.000% 6/1 | 29786AAQ9 | — | 37,750,000 principal | $43,854,175 |
| RTX CORPORATION | COM | 75513E101 | PUT | 230,800 shares | $43,789,684 |
| BENTLEY SYS INC | NOTE 0.375% 7/0 | 08265TAD1 | — | 45,543,000 principal | $43,780,486 |
| ABBVIE INC | COM | 00287Y109 | PUT | 170,100 shares | $42,803,964 |
| ADOBE INC | COM | 00724F101 | PUT | 205,700 shares | $42,172,614 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | PUT | 96,800 shares | $41,765,328 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | — | 605,065 shares | $41,392,497 |
| HOME DEPOT INC | COM | 437076102 | PUT | 116,700 shares | $41,157,756 |
| MORGAN STANLEY | COM NEW | 617446448 | PUT | 196,800 shares | $41,139,072 |
| GRANITE CONSTR INC | NOTE 3.250% 6/1 | 387328AF4 | — | 19,500,000 principal | $40,867,125 |
| WELLS FARGO & CO | COM | 949746101 | PUT | 491,700 shares | $40,634,088 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | PUT | 78,500 shares | $40,317,600 |
| ADOBE INC | COM | 00724F101 | — | 195,190 shares | $40,017,854 |
| GE AEROSPACE | COM NEW | 369604301 | PUT | 106,700 shares | $39,876,991 |
| CISCO SYS INC | COM | 17275R102 | CALL | 338,800 shares | $39,795,448 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | CALL | 68,400 shares | $39,734,244 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | PUT | 51,400 shares | $39,225,396 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | PUT | 41,500 shares | $38,822,005 |
| NETFLIX INC. | COM | 64110L106 | — | 529,559 shares | $37,810,513 |
| WESTERN DIGITAL CORP | COM | 958102105 | PUT | 59,000 shares | $37,684,480 |
| JPMORGAN CHASE & CO | COM | 46625H100 | CALL | 113,700 shares | $37,217,421 |
| STRIDE INC | NOTE 1.125% 9/0 | 86333MAA6 | — | 21,500,000 principal | $36,378,000 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | — | 60,963 shares | $35,414,016 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | PUT | 836,100 shares | $35,400,474 |
| DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 | — | 37,338,000 principal | $34,864,358 |
| APPLIED MATLS INC | COM | 038222105 | CALL | 48,200 shares | $34,848,600 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | PUT | 123,600 shares | $34,757,556 |
| WALMART INC | COM | 931142103 | CALL | 302,800 shares | $34,295,128 |
| ALPHATEC HLDGS INC | NOTE 0.750% 8/0 | 02081GAB8 | — | 33,247,000 principal | $33,130,636 |
| LINDE PLC | SHS | G54950103 | PUT | 63,600 shares | $33,004,584 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 | PUT | 400,000 shares | $32,328,000 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | CALL | 64,200 shares | $32,125,038 |
| FREEPORT MCMORAN INC | CL B | 35671D857 | PUT | 508,000 shares | $31,948,120 |
| PHILIP MORRIS INTL INC | COM | 718172109 | PUT | 173,700 shares | $31,424,067 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | PUT | 433,100 shares | $31,252,496 |
| ANALOG DEVICES INC | COM | 032654105 | PUT | 78,500 shares | $31,177,845 |
| SEA LTD | NOTE 0.250% 9/1 | 81141RAG5 | — | 31,000,000 principal | $30,748,900 |
| XOMETRY INC | NOTE 0.750% 6/1 | 98423FAD1 | — | 13,700,000 principal | $30,506,468 |
| BANK OF AMER CORP | COM | 060505104 | CALL | 534,200 shares | $30,438,716 |
| SALESFORCE INC | COM | 79466L302 | PUT | 193,600 shares | $30,329,376 |
| ALLIANT ENERGY CORP | NOTE 3.250% 5/3 | 018802AE8 | — | 27,500,000 principal | $30,295,496 |
| BLACKROCK INC | COM | 09290D101 | PUT | 31,500 shares | $30,289,140 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | CALL | 45,500 shares | $29,842,995 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | — | 372,550 shares | $29,792,824 |
| ARISTA NETWORKS INC | COM SHS | 040413205 | PUT | 173,900 shares | $29,542,132 |
| EXXON MOBIL CORP | COM | 30231G102 | CALL | 212,900 shares | $29,107,688 |
| SALESFORCE INC | COM | 79466L302 | CALL | 184,000 shares | $28,825,440 |
| EVERGY INC | NOTE 4.500%12/1 | 30034WAD8 | — | 20,000,000 principal | $28,473,000 |
| DISNEY WALT CO | COM | 254687106 | PUT | 288,800 shares | $27,797,000 |
| SPDR SERIES TRUST | ST TERM HIGH ETF | 78468R408 | — | 1,110,001 shares | $27,783,325 |
| INTEL CORP | COM | 458140100 | CALL | 197,600 shares | $27,590,888 |
| MAKEMYTRIP LIMITED MAURITIUS | NOTE 7/0 | 56087FAD6 | — | 30,000,000 principal | $27,360,000 |
| PEPSICO INC | COM | 713448108 | PUT | 198,300 shares | $26,849,820 |
| SPDR SERIES TRUST | ST BLOO HIGH ETF | 78468R622 | — | 277,601 shares | $26,752,408 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 | — | 25,691,000 principal | $26,654,413 |
| STARBUCKS CORP | COM | 855244109 | PUT | 258,400 shares | $26,405,896 |
| SERVICENOW INC | COM | 81762P102 | PUT | 263,600 shares | $26,170,208 |
| PROLOGIS INC. | COM | 74340W103 | PUT | 192,500 shares | $26,077,975 |
| PROCTER & GAMBLE CO | COM | 742718109 | CALL | 176,600 shares | $25,896,624 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | — | 748,291 shares | $25,816,040 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 | — | 598,401 shares | $25,378,186 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 | PUT | 245,600 shares | $24,628,768 |
| FIRSTENERGY CORP | NOTE 3.625% 1/1 | 337932AT4 | — | 22,500,000 principal | $24,586,875 |
| NETFLIX INC. | COM | 64110L106 | CALL | 343,800 shares | $24,547,320 |
| GLOBALSTAR INC | COM NEW | 378973507 | — | 300,000 shares | $24,387,000 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 | — | 18,113,000 principal | $24,031,423 |
| AMPHENOL CORP | CL A | 032095101 | PUT | 135,900 shares | $23,961,888 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | PUT | 47,600 shares | $23,864,736 |
| VISA INC | COM CL A | 92826C839 | CALL | 69,000 shares | $23,673,210 |
| ELI LILLY & CO | COM | 532457108 | CALL | 19,600 shares | $23,508,828 |
| CORNING INC | COM | 219350105 | PUT | 91,300 shares | $23,320,759 |
| REPLIGEN CORP | NOTE 1.000%12/1 | 759916AD1 | — | 22,500,000 principal | $23,127,122 |
| BLOCK INC | NOTE 0.250%11/0 | 852234AK9 | — | 24,164,000 principal | $22,937,677 |
| CONOCOPHILLIPS | COM | 20825C104 | PUT | 220,500 shares | $22,923,180 |
| MAKEMYTRIP LIMITED MAURITIUS | NOTE 2/1 | 56087FAB0 | — | 15,000,000 principal | $22,875,000 |
| SUPER MICRO COMPUTER INC | 7 DEP CM SR A WI | 86800U500 | — | 374,066,000 principal | $22,862,400 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | — | 316,531 shares | $22,840,877 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 | — | 447,959 shares | $22,711,521 |
| INNOVIVA INC | NOTE 2.125% 3/1 | 45781MAD3 | — | 21,000,000 principal | $22,593,075 |
| TEXAS INSTRS INC | COM | 882508104 | PUT | 75,600 shares | $22,534,092 |
| MCDONALDS CORP | COM | 580135101 | PUT | 83,000 shares | $22,435,730 |
| NEXTERA ENERGY INC | COM | 65339F101 | PUT | 254,700 shares | $22,355,019 |