CAPSTONE INVESTMENT ADVISORS, LLC
Institutional investor · Portfolio as of Q2 2025
Top Holdings1,556 positions
State Street Spdr S&p 500 Etf Trust TR UNIT | 18.6M | $11.5B | 28.5% | — | — | — | Increased — |
NVIDIA Corp. | 12.8M | $2B | 5.0% | — | — | — | Decreased — |
Tesla Inc | 5.3M | $1.7B | 4.2% | — | — | — | Increased — |
NVIDIA Corp. | 9.5M | $1.5B | 3.7% | $116.00 | +35.87% | 9 qtrssince 2023-Q2 | Decreased 0 |
Tesla Inc | 4.3M | $1.4B | 3.3% | $258.07 | +23.09% | 20 qtrssince 2020-Q3 | Decreased 0 |
Microsoft Corp. | 2.2M | $1.1B | 2.8% | — | — | — | Decreased — |
Amazon.com, Inc. | 5M | $1.1B | 2.7% | — | — | — | Decreased — |
Apple Inc. | 4.9M | $1B | 2.5% | — | — | — | Increased — |
Invesco QQQ Trust, Series 1 UNIT SER 1 | 1.7M | $918.4M | 2.3% | — | — | — | Decreased — |
Amazon.com, Inc. | 4.2M | $916.6M | 2.3% | $213.86 | +2.59% | 27 qtrssince 2018-Q4 | Decreased 0 |
Microsoft Corp. | 1.6M | $807.4M | 2.0% | $421.72 | +17.19% | 27 qtrssince 2018-Q4 | Decreased 0 |
Apple Inc. | 3.8M | $783.2M | 1.9% | $212.91 | -4.10% | 16 qtrssince 2021-Q3 | Increased 81 |
State Street Spdr S&p 500 Etf Trust TR UNIT | 1.2M | $741.4M | 1.8% | — | — | — | Increased — |
iShares Trust RUSSELL 2000 ETF | 3M | $652.5M | 1.6% | — | — | — | Increased — |
iShares Trust CORE S&P500 ETF | 959,240 | $595.6M | 1.5% | $561.71 | +8.92% | 6 qtrssince 2024-Q1 | Increased 50 |
Alphabet Inc. | 3.3M | $577.6M | 1.4% | — | — | — | Decreased — |
Alphabet Inc. | 2.8M | $486.1M | 1.2% | $154.71 | +13.51% | 19 qtrssince 2020-Q4 | Decreased 0 |
ADVANCED MICRO DEVICES INC | 3.4M | $478.7M | 1.2% | — | — | — | Increased — |
ADVANCED MICRO DEVICES INC | 3.2M | $447.2M | 1.1% | $128.42 | +11.98% | 16 qtrssince 2021-Q3 | Increased 79 |
ISHARES TR | 7.3M | $352.2M | 0.9% | — | — | — | Increased — |
CAPSTONE INVESTMENT ADVISORS, LLC manages $40.4B across 1556 positions as of Q2 2025. Top holdings: SPY puts (28.5%), NVDA puts (5.0%), TSLA puts (4.2%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1.5/5.0.
Active quarter - 447 new positions, 145 exits, 158 increased. Top move: AAPL (INCREASED, conviction 81). Portfolio: $40.4B across 1556 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR