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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) |
|---|---|---|---|---|---|
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 | CALL | 23,300 shares | $21,796,451 |
| LULULEMON ATHLETICA INC | COM | 550021109 | — | 188,947 shares | $21,573,968 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | PUT | 371,800 shares | $21,423,116 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | CALL | 182,400 shares | $21,280,608 |
| DEERE & CO | COM | 244199105 | PUT | 33,500 shares | $21,250,055 |
| MCDONALDS CORP | COM | 580135101 | CALL | 77,200 shares | $20,867,932 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | — | 68,994 shares | $20,729,247 |
| PFIZER INC | COM | 717081103 | PUT | 859,300 shares | $20,691,944 |
| UNITED PARCEL SVCS INC | CL B | 911312106 | PUT | 191,200 shares | $20,554,000 |
| ALPHATEC HLDGS INC | NOTE 0.750% 3/1 | 02081GAD4 | — | 21,300,000 principal | $20,394,750 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 | — | 187,001 shares | $20,125,048 |
| AMGEN INC | COM | 031162100 | PUT | 55,000 shares | $19,916,600 |
| AT&T INC | COM | 00206R102 | PUT | 958,500 shares | $19,840,950 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 | PUT | 134,500 shares | $19,662,555 |
| GDS HLDGS LTD | NOTE 2.250% 6/0 | 36165LAD0 | — | 15,750,000 principal | $19,153,147 |
| HOME DEPOT INC | COM | 437076102 | CALL | 53,900 shares | $19,009,452 |
| COCA COLA CO | COM | 191216100 | CALL | 232,400 shares | $18,887,148 |
| GAMESTOP CORP | NOTE 6/1 | 36467WAG4 | — | 18,500,000 principal | $18,833,000 |
| LIVANOVA PLC | NOTE 2.500% 3/1 | 53802LAB8 | — | 13,809,000 principal | $18,816,143 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 | PUT | 28,600 shares | $18,325,736 |
| RAPID7 INC | NOTE 0.250% 3/1 | 753422AF1 | — | 18,890,000 principal | $18,228,845 |
| QUALCOMM INC | COM | 747525103 | CALL | 98,400 shares | $18,183,336 |
| CVS HEALTH CORP | COM | 126650100 | PUT | 171,800 shares | $17,772,710 |
| UNION PAC CORP | COM | 907818108 | PUT | 65,000 shares | $17,680,000 |
| VALARIS LTD | CL A | G9460G101 | — | 240,000 shares | $17,424,000 |
| PFIZER INC | COM | 717081103 | CALL | 716,500 shares | $17,253,320 |
| FIRSTENERGY CORP | NOTE 3.875% 1/1 | 337932AV9 | — | 15,500,000 principal | $17,227,475 |
| GUARDANT HEALTH INC | NOTE 11/1 | 40131MAB5 | — | 13,745,000 principal | $17,162,006 |
| AXALTA COATING SYS LTD | COM | G0750C108 | — | 500,000 shares | $17,110,000 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | — | 68,681 shares | $17,058,300 |
| SALESFORCE INC | COM | 79466L302 | — | 108,524 shares | $17,001,370 |
| NIKE INC | CL B | 654106103 | CALL | 414,100 shares | $16,998,805 |
| INTEGER HLDGS CORP | DBCV 1.875% 3/1 | 45826HAD1 | — | 17,500,000 principal | $16,996,875 |
| ISHARES TR | EXPANDED TECH | 464287515 | PUT | 185,000 shares | $16,761,000 |
| LUMENTUM HLDGS INC | COM | 55024U109 | — | 19,176 shares | $16,454,159 |
| LULULEMON ATHLETICA INC | COM | 550021109 | PUT | 143,500 shares | $16,384,830 |
| CME GROUP INC | COM | 12572Q105 | — | 73,981 shares | $16,337,224 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | CALL | 21,400 shares | $16,331,196 |
| TRANSMEDICS GROUP INC | NOTE 1.500% 6/0 | 89377MAB5 | — | 15,000,000 principal | $16,274,250 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | CALL | 236,200 shares | $16,158,442 |
| MARA HOLDINGS INC | NOTE 3/0 | 565788AF3 | — | 16,000,000 principal | $16,052,000 |
| GILEAD SCIENCES INC | COM | 375558103 | PUT | 126,600 shares | $15,994,644 |
| UNITED PARCEL SVCS INC | CL B | 911312106 | CALL | 148,400 shares | $15,953,000 |
| APOGEE THERAPEUTICS INC | COM | 03770N101 | — | 120,000 shares | $15,927,600 |
| DELTA AIR LINES INC | COM NEW | 247361702 | CALL | 169,900 shares | $15,912,834 |
| BOEING CO | COM | 097023105 | PUT | 73,300 shares | $15,867,251 |
| INNIO NV | ORDINARY SHARES | N52A8C105 | — | 400,000 shares | $15,820,000 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | CALL | 38,000 shares | $15,793,940 |
| CELCUITY INC | NOTE 2.750% 8/0 | 15102KAA8 | — | 7,000,000 principal | $15,767,500 |
| CATERPILLAR INC | COM | 149123101 | CALL | 14,800 shares | $15,760,520 |
| SPDR SERIES TRUST | ST STR SP BIOT | 78464A870 | CALL | 99,000 shares | $15,666,750 |
| NUVALENT INC | COM | 670703107 | — | 126,303 shares | $15,598,421 |
| AMERICAN EXPRESS CO | COM | 025816109 | PUT | 46,100 shares | $15,593,325 |
| BLACKSTONE INC | COM | 09260D107 | — | 132,114 shares | $15,545,854 |
| EATON CORP PLC | SHS | G29183103 | PUT | 36,200 shares | $15,425,544 |
| A10 NETWORKS INC | NOTE 2.750% 4/0 | 002121AB7 | — | 9,000,000 principal | $15,311,700 |
| TJX COS INC NEW | COM | 872540109 | PUT | 99,800 shares | $15,119,700 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | PUT | 145,400 shares | $15,104,152 |
| JOHNSON & JOHNSON | COM | 478160104 | CALL | 58,700 shares | $14,908,039 |
| MARA HOLDINGS INC | NOTE 2.125% 9/0 | 565788AD8 | — | 13,327,000 principal | $14,884,926 |
| QXO INC | COM NEW | 82846H405 | CALL | 860,000 shares | $14,860,800 |
| BIO-TECHNE CORP | COM | 09073M104 | — | 210,000 shares | $14,836,500 |
| MONDELEZ INTL INC | CL A | 609207105 | PUT | 251,400 shares | $14,540,976 |
| VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 | — | 280,101 shares | $14,428,003 |
| NEWMONT CORP | COM | 651639106 | PUT | 153,900 shares | $14,374,260 |
| UNITED AIRLS HLDGS INC | COM | 910047109 | CALL | 105,500 shares | $14,346,945 |
| SLB LIMITED | COM STK | 806857108 | PUT | 305,300 shares | $14,193,397 |
| INTUIT | COM | 461202103 | — | 54,053 shares | $14,107,833 |
| SPDR SERIES TRUST | ST STR CONV ETF | 78464A359 | — | 130,601 shares | $14,081,400 |
| ORACLE CORP | COM | 68389X105 | CALL | 95,900 shares | $14,054,145 |
| FOX CORP | CL B COM | 35137L204 | — | 299,700 shares | $14,037,948 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | CALL | 49,700 shares | $13,976,137 |
| CITIGROUP INC | COM NEW | 172967424 | CALL | 99,600 shares | $13,940,016 |
| SELECT SECTOR SPDR TR | ST STR CARE ETF | 81369Y209 | CALL | 87,500 shares | $13,882,750 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 | PUT | 55,400 shares | $13,759,698 |
| GE AEROSPACE | COM NEW | 369604301 | CALL | 36,700 shares | $13,715,891 |
| ABBVIE INC | COM | 00287Y109 | CALL | 54,300 shares | $13,664,052 |
| SCHWAB CHARLES CORP | COM | 808513105 | PUT | 147,900 shares | $13,646,733 |
| CHUBB LIMITED | COM | H1467J104 | PUT | 39,800 shares | $13,561,452 |
| MERIT MED SYS INC | NOTE 3.000% 2/0 | 589889AB0 | — | 12,500,000 principal | $13,487,500 |
| DISNEY WALT CO | COM | 254687106 | CALL | 139,200 shares | $13,398,000 |
| CHEESECAKE FACTORY INC | NOTE 2.000% 3/1 | 163072AC5 | — | 10,500,000 principal | $13,387,500 |
| SELECT SECTOR SPDR TR | ST STR ENERG ETF | 81369Y506 | CALL | 250,000 shares | $13,277,500 |
| ABBOTT LABORATORIES | COM | 002824100 | PUT | 146,100 shares | $13,257,114 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 | — | 90,181 shares | $13,183,560 |
| INTUIT | COM | 461202103 | PUT | 50,400 shares | $13,154,400 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | CALL | 65,300 shares | $13,100,486 |
| APPLOVIN CORP | COM CL A | 03831W108 | CALL | 25,300 shares | $13,035,319 |
| PTC THERAPEUTICS INC | NOTE 1.500% 9/1 | 69366JAD3 | — | 8,200,000 principal | $12,997,000 |
| BLACKSTONE INC | COM | 09260D107 | PUT | 110,300 shares | $12,979,001 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | PUT | 38,700 shares | $12,775,644 |
| LOCKHEED MARTIN CORP | COM | 539830109 | PUT | 24,700 shares | $12,583,662 |
| PALO ALTO NETWORKS INC | COM | 697435105 | CALL | 36,900 shares | $12,583,638 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | PUT | 36,800 shares | $12,321,376 |
| MCKESSON CORP | COM | 58155Q103 | PUT | 16,200 shares | $12,240,720 |
| PAYPAL HLDGS INC | COM | 70450Y103 | PUT | 282,500 shares | $12,198,350 |
| COREWEAVE INC | COM CL A | 21873S108 | — | 122,219 shares | $12,165,679 |
| CHEVRON CORPORATION | COM | 166764100 | CALL | 72,600 shares | $12,034,176 |
| CVS HEALTH CORP | COM | 126650100 | CALL | 113,700 shares | $11,762,265 |
| MARA HOLDINGS INC | COM | 565788106 | PUT | 844,000 shares | $11,723,160 |