CAPSTONE INVESTMENT ADVISORS, LLC
Institutional investor · Portfolio as of Q3 2025
Top Holdings1,889 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 24.2M | $16.1B | 30.0% | — | — | — | Increased — |
NVIDIA CORP | 13.1M | $2.4B | 4.6% | — | — | — | Increased — |
ISHARES RUSSELL 2000 ETF ETF | 8.6M | $2.1B | 3.9% | — | — | — | Increased — |
MICROSOFT CORP | 3.2M | $1.7B | 3.1% | — | — | — | Increased — |
TESLA INC | 3.3M | $1.5B | 2.7% | — | — | — | Decreased — |
AMAZON.COM INC | 6.2M | $1.4B | 2.5% | — | — | — | Increased — |
NVIDIA CORP | 6.7M | $1.3B | 2.3% | $118.32 | +53.68% | 10 qtrssince 2023-Q2 | Decreased 0 |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 2M | $1.2B | 2.2% | — | — | — | Increased — |
MICROSOFT CORP | 2.1M | $1.1B | 2.1% | $443.95 | +15.70% | 28 qtrssince 2018-Q4 | Increased 70 |
STATE STREET SPDR S&P 500 ETF TRUST CL USD INC | 1.6M | $1.1B | 2.0% | — | — | — | Increased — |
AMAZON.COM INC | 4.7M | $1B | 1.9% | $216.58 | +2.58% | 28 qtrssince 2018-Q4 | Increased 57 |
APPLE INC | 3.9M | $1B | 1.9% | — | — | — | Decreased — |
TESLA INC | 1.9M | $852.7M | 1.6% | $262.39 | +68.91% | 21 qtrssince 2020-Q3 | Decreased 0 |
ISHARES CORE S&P 500 ETF | 962,339 | $644.1M | 1.2% | $568.37 | +16.90% | 7 qtrssince 2024-Q1 | Increased 50 |
ALPHABET INC-CL A | 2.5M | $599.5M | 1.1% | — | — | — | Decreased — |
NVIDIA CORP | 3.2M | $594.5M | 1.1% | — | — | — | Increased — |
ADVANCED MICRO DEVICES | 3.4M | $557.5M | 1.0% | — | — | — | Increased — |
META PLATFORMS INC-CLASS A | 621,800 | $456.6M | 0.8% | — | — | — | Increased — |
ADVANCED MICRO DEVICES | 2.7M | $434.2M | 0.8% | $128.42 | +25.65% | 17 qtrssince 2021-Q3 | Decreased 0 |
ISHARES MSCI EMERGING MARKETS INDEX FUND | 7.8M | $419M | 0.8% | — | — | — | Increased — |
CAPSTONE INVESTMENT ADVISORS, LLC manages $53.7B across 1889 positions as of Q3 2025. Top holdings: SPY (30.0%), NVDA (4.6%), IWM (3.9%). Fund DNA: Momentum Trader. HoldingsIntel Rating: 1/5.0.
Active quarter - 479 new positions, 225 exits, 299 increased. Top move: MSFT (INCREASED, conviction 70). Portfolio: $53.7B across 1889 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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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