CAPSTONE INVESTMENT ADVISORS, LLC

View all activity View 13F on SEC

Data as of Q4 2025

Institutional investor tracked via SEC 13F filings. Portfolio snapshot as of 2025-12-31.SEC EDGAR Source

Assets Under Management

$12.3B

Total Positions

808

New This Quarter

229

Filing Period

2025-12-31

Portfolio Allocation

Top holdings by portfolio weight

NVDA3.13%

IVV2.39%

GOOGL1.69%

AMZN1.21%

AMD1.03%

VOO1.02%

TSLA0.80%

MSFT0.68%

META0.63%

GOOG0.57%

Other2.87%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

SNDK4Q held

Sandisk Corp/DE

Avg $48.01 · $216,620 est. P&L

Est. P&L

+400.34%

ASA6Q held

ASA GOLD AND PRECIOUS MTLS L

Avg $20.19 · $6M est. P&L

Est. P&L

+198.43%

CIEN3Q held

Ciena Corp

Avg $82.12 · $133,741 est. P&L

Est. P&L

+190.26%

Top Losers

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View plans

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings(Showing 25 of 720 — sorted by value)

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Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
NVDA NVIDIA Corp	8.6M	$1.6B	3.1%	—	$133.46	+40.52%	11 qtrs	Increased 73
IVV ISHARES TR	1.8M	$1.2B	2.4%	—	$624.24	+10.52%	8 qtrs	Increased 85
GOOGL Alphabet Inc	2.8M	$864M	1.7%	—	$239.96	+30.79%	21 qtrs	Increased 81
AMZN Amazon.com Inc	2.7M	$616.1M	1.2%	—	$216.58	+7.36%	29 qtrs	Decreased 0
AMD Advanced Micro Devices Inc	2.5M	$528.5M	1.0%	—	$128.42	+67.68%	18 qtrs	Decreased 0
VOO VANGUARD INDEX FDS	829,895	$520.5M	1.0%	—	$594.72	+6.22%	6 qtrs	Increased 64
TSLA Tesla Inc	913,787	$410.9M	0.8%	—	$262.39	+73.19%	22 qtrs	Decreased 0
MSFT Microsoft Corp	722,332	$349.3M	0.7%	—	$443.95	+9.80%	29 qtrs	Decreased 0
META Meta Platforms Inc	489,095	$322.8M	0.6%	—	$693.94	-4.03%	11 qtrs	Increased 70
GOOG Alphabet Inc	930,913	$292.1M	0.6%	—	$272.90	+15.26%	29 qtrs	Increased 70
AAPL Apple Inc	1M	$278.6M	0.5%	—	$212.78	+28.22%	18 qtrs	Increased 46
XLF SELECT SECTOR SPDR TR	2.6M	$141.9M	0.3%	—	$53.16	+3.80%	7 qtrs	Increased 53
AVGO Broadcom Inc	406,195	$140.6M	0.3%	—	$331.58	+5.51%	22 qtrs	Increased 58
SPY SPDR S&P 500 ETF TR	171,680	$117.1M	0.2%	—	$617.31	+11.29%	10 qtrs	Decreased 0
WBD Warner Bros Discovery Inc	3.8M	$108.1M	0.2%	—	$28.94	0.00%	1 qtr	New 50
ORCL Oracle Corp	500,718	$97.6M	0.2%	—	$209.37	-6.06%	2 qtrs	Increased 58
KVUE Kenvue Inc	5.1M	$87.8M	0.2%	—	$17.13	+0.01%	3 qtrs	Increased 58
FYBR Frontier Communications Parent Inc	1.9M	$73.8M	0.1%	—	$37.19	+2.35%	4 qtrs	Increased 57
FOX Fox Corp	1.1M	$71.4M	0.1%	—	$56.35	+16.04%	3 qtrs	Decreased 0
DAY Dayforce Inc	1M	$69.5M	0.1%	—	$69.22	0.00%	1 qtr	New 49
TSM TAIWAN SEMICONDUCTOR MFG LTD	199,664	$60.7M	0.1%	—	$289.77	+3.39%	20 qtrs	Increased 57
XOP SPDR SERIES TRUST	477,078	$60.2M	0.1%	—	$127.43	0.00%	1 qtr	New 49
CYBR CyberArk Software Ltd	121,000	$54M	0.1%	—	$475.91	-5.17%	3 qtrs	Increased 42
XLE SELECT SECTOR SPDR TR S	1.2M	$53.5M	0.1%	—	$44.94	+0.04%	3 qtrs	Increased 57
GXO GXO Logistics Inc	975,295	$51.3M	0.1%	—	$44.18	+20.05%	5 qtrs	Increased 36
Showing 25 of 720 results.PROUpgrade to see all →

Accumulation Streaks

Positions with 2+ consecutive quarters of increases — persistent directional conviction.

Security

CMGChipotle Mexican Grill Inc

Q4 2024 → Q4 2025+159,635 shares+$5.4M

DDDuPont de Nemours Inc

Q4 2024 → Q4 2025+34,998 shares+$1.4M

FDXFedEx Corp

Q1 2025 → Q4 2025+99,006 shares+$28.6M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer