Filed: 5/15/2026ACC: 0001426196-26-000003
📋 What this filing means
CAPSTONE INVESTMENT ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 1002 equity positions with a total reported market value of $57.41B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1002
Positions
$57.41B
Total AUM (reported)
1.84B
Total Shares
Allocation by class
COM$17.39B30.3%
UNIT SER 1$15.38B26.8%
TR UNIT$11.12B19.4%
CL A$1.12B2.0%
CORE S&P500 ETF$1.02B1.8%
CAP STK CL C$927.36M1.6%
CHINA LG-CAP ETF$818.13M1.4%
Portfolio Concentration
Top 3$29.49B51.4%
4–10$10.81B18.8%
11–25$7.33B12.8%
Rest$9.79B17.1%
Top 3 weight
51.4%
Top 10 weight
70.2%
Voting Authority Distribution
Total shares with voting rights: 1.84B
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
1.84B
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other1002
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings1002
Rows:
INVESCO QQQ TR
DFNDShares26.65M
TypeSH
Market value$15.38B
26.79%
Sole
0.00
Shared
26.65M
None
0.00
STATE STR SPDR S&P 500 ETF T
DFNDShares17.09M
TypeSH
Market value$11.12B
19.36%
Sole
0.00
Shared
17.09M
None
0.00
AMAZON COM INC
DFNDShares14.38M
TypeSH
Market value$2.99B
5.22%
Sole
0.00
Shared
14.38M
None
0.00
MICROSOFT CORP
DFNDShares6.94M
TypeSH
Market value$2.57B
4.48%
Sole
0.00
Shared
6.94M
None
0.00
NVIDIA CORPORATION
DFNDShares14.59M
TypeSH
Market value$2.54B
4.43%
Sole
0.00
Shared
14.59M
None
0.00
TESLA INC
DFNDShares4.29M
TypeSH
Market value$1.60B
2.78%
Sole
0.00
Shared
4.29M
None
0.00
APPLE INC
DFNDShares5.25M
TypeSH
Market value$1.33B
2.32%
Sole
0.00
Shared
5.25M
None
0.00
ISHARES TR
DFNDShares1.56M
TypeSH
Market value$1.02B
1.77%
Sole
0.00
Shared
1.56M
None
0.00
ALPHABET INC
DFNDShares3.23M
TypeSH
Market value$927.36M
1.62%
Sole
0.00
Shared
3.23M
None
0.00
ISHARES TR
DFNDShares22.79M
TypeSH
Market value$818.13M
1.42%
Sole
0.00
Shared
22.79M
None
0.00
ALPHABET INC
DFNDShares2.64M
TypeSH
Market value$758.55M
1.32%
Sole
0.00
Shared
2.64M
None
0.00
LUMENTUM HLDGS INC
DFNDShares74.35M
TypePRN
Market value$752.70M
1.31%
Sole
0.00
Shared
74.35M
None
0.00
META PLATFORMS INC
DFNDShares1.15M
TypeSH
Market value$657.53M
1.15%
Sole
0.00
Shared
1.15M
None
0.00
SELECT SECTOR SPDR TR
DFNDShares13M
TypeSH
Market value$641.67M
1.12%
Sole
0.00
Shared
13M
None
0.00
WESTERN DIGITAL CORP
DFNDShares80.50M
TypePRN
Market value$576.54M
1.00%
Sole
0.00
Shared
80.50M
None
0.00
ISHARES TR
DFNDShares5.11M
TypeSH
Market value$556.81M
0.97%
Sole
0.00
Shared
5.11M
None
0.00
WARNER BROS DISCOVERY INC
DFNDShares19.48M
TypeSH
Market value$534.87M
0.93%
Sole
0.00
Shared
19.48M
None
0.00
VANGUARD INDEX FDS
DFNDShares855.34K
TypeSH
Market value$511.11M
0.89%
Sole
0.00
Shared
855.34K
None
0.00
ISHARES TR
DFNDShares1.81M
TypeSH
Market value$449.60M
0.78%
Sole
0.00
Shared
1.81M
None
0.00
BROADCOM INC
DFNDShares1.43M
TypeSH
Market value$441.95M
0.77%
Sole
0.00
Shared
1.43M
None
0.00
ADVANCED MICRO DEVICES INC
DFNDShares1.76M
TypeSH
Market value$357.49M
0.62%
Sole
0.00
Shared
1.76M
None
0.00
ISHARES TR
DFNDShares4.47M
TypeSH
Market value$355.41M
0.62%
Sole
0.00
Shared
4.47M
None
0.00
ISHARES TR
DFNDShares5.31M
TypeSH
Market value$301.51M
0.53%
Sole
0.00
Shared
5.31M
None
0.00
NEBIUS GROUP N.V.
DFNDShares2.16M
TypeSH
Market value$224.23M
0.39%
Sole
0.00
Shared
2.16M
None
0.00
ORACLE CORP
DFNDShares1.40M
TypeSH
Market value$206.57M
0.36%
Sole
0.00
Shared
1.40M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO QQQ TRDFND | UNIT SER 1 | 26.65M | SH | $15.38B 26.79% | 0.00 | 26.65M | 0.00 |
STATE STR SPDR S&P 500 ETF TDFND | TR UNIT | 17.09M | SH | $11.12B 19.36% | 0.00 | 17.09M | 0.00 |
AMAZON COM INCDFND | COM | 14.38M | SH | $2.99B 5.22% | 0.00 | 14.38M | 0.00 |
MICROSOFT CORPDFND | COM | 6.94M | SH | $2.57B 4.48% | 0.00 | 6.94M | 0.00 |
NVIDIA CORPORATIONDFND | COM | 14.59M | SH | $2.54B 4.43% | 0.00 | 14.59M | 0.00 |
TESLA INCDFND | COM | 4.29M | SH | $1.60B 2.78% | 0.00 | 4.29M | 0.00 |
APPLE INCDFND | COM | 5.25M | SH | $1.33B 2.32% | 0.00 | 5.25M | 0.00 |
ISHARES TRDFND | CORE S&P500 ETF | 1.56M | SH | $1.02B 1.77% | 0.00 | 1.56M | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 3.23M | SH | $927.36M 1.62% | 0.00 | 3.23M | 0.00 |
ISHARES TRDFND | CHINA LG-CAP ETF | 22.79M | SH | $818.13M 1.42% | 0.00 | 22.79M | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 2.64M | SH | $758.55M 1.32% | 0.00 | 2.64M | 0.00 |
LUMENTUM HLDGS INCDFND | NOTE 1.500%12/1 | 74.35M | PRN | $752.70M 1.31% | 0.00 | 74.35M | 0.00 |
META PLATFORMS INCDFND | CL A | 1.15M | SH | $657.53M 1.15% | 0.00 | 1.15M | 0.00 |
SELECT SECTOR SPDR TRDFND | STATE STREET FIN | 13M | SH | $641.67M 1.12% | 0.00 | 13M | 0.00 |
WESTERN DIGITAL CORPDFND | NOTE 3.000%11/1 | 80.50M | PRN | $576.54M 1.00% | 0.00 | 80.50M | 0.00 |
ISHARES TRDFND | IBOXX INV CP ETF | 5.11M | SH | $556.81M 0.97% | 0.00 | 5.11M | 0.00 |
WARNER BROS DISCOVERY INCDFND | COM SER A | 19.48M | SH | $534.87M 0.93% | 0.00 | 19.48M | 0.00 |
VANGUARD INDEX FDSDFND | S&P 500 ETF SHS | 855.34K | SH | $511.11M 0.89% | 0.00 | 855.34K | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 1.81M | SH | $449.60M 0.78% | 0.00 | 1.81M | 0.00 |
BROADCOM INCDFND | COM | 1.43M | SH | $441.95M 0.77% | 0.00 | 1.43M | 0.00 |
ADVANCED MICRO DEVICES INCDFND | COM | 1.76M | SH | $357.49M 0.62% | 0.00 | 1.76M | 0.00 |
ISHARES TRDFND | IBOXX HI YD ETF | 4.47M | SH | $355.41M 0.62% | 0.00 | 4.47M | 0.00 |
ISHARES TRDFND | MSCI EMG MKT ETF | 5.31M | SH | $301.51M 0.53% | 0.00 | 5.31M | 0.00 |
NEBIUS GROUP N.V.DFND | SHS CLASS A | 2.16M | SH | $224.23M 0.39% | 0.00 | 2.16M | 0.00 |
ORACLE CORPDFND | COM | 1.40M | SH | $206.57M 0.36% | 0.00 | 1.40M | 0.00 |
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