Filed: 8/17/2026ACC: 0001426196-26-000004
📋 What this filing means
CAPSTONE INVESTMENT ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 1097 equity positions with a total reported market value of $54.04B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
1097
Positions
$54.04B
Total AUM (reported)
2.66B
Total Shares
Allocation by class
COM$21.49B39.8%
UNIT SER 1$8.14B15.1%
TR UNIT$7.72B14.3%
CL A$1.38B2.5%
NOTE 3.000%11/1$1.36B2.5%
CORE S&P500 ETF$1.17B2.2%
RUSSELL 2000 ETF$864.99M1.6%
Portfolio Concentration
Top 3$19.80B36.6%
4–10$12.49B23.1%
11–25$9.11B16.8%
Rest$12.64B23.4%
Top 3 weight
36.6%
Top 10 weight
59.8%
Voting Authority Distribution
Total shares with voting rights: 2.66B
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
2.66B
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other1097
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings1097
Rows:
INVESCO QQQ TR
DFNDShares11.05M
TypeSH
Market value$8.14B
15.06%
Sole
0.00
Shared
11.05M
None
0.00
STATE STR SPDR S&P 500 ETF T
DFNDShares10.33M
TypeSH
Market value$7.72B
14.28%
Sole
0.00
Shared
10.33M
None
0.00
NVIDIA CORPORATION
DFNDShares19.74M
TypeSH
Market value$3.95B
7.31%
Sole
0.00
Shared
19.74M
None
0.00
MICROSOFT CORP
DFNDShares9.53M
TypeSH
Market value$3.56B
6.58%
Sole
0.00
Shared
9.53M
None
0.00
AMAZON COM INC
DFNDShares8.32M
TypeSH
Market value$1.98B
3.67%
Sole
0.00
Shared
8.32M
None
0.00
APPLE INC
DFNDShares6.35M
TypeSH
Market value$1.84B
3.40%
Sole
0.00
Shared
6.35M
None
0.00
TESLA INC
DFNDShares3.98M
TypeSH
Market value$1.67B
3.10%
Sole
0.00
Shared
3.98M
None
0.00
WESTERN DIGITAL CORP
DFNDShares80.50M
TypePRN
Market value$1.36B
2.51%
Sole
0.00
Shared
80.50M
None
0.00
ISHARES TR
DFNDShares1.56M
TypeSH
Market value$1.17B
2.16%
Sole
0.00
Shared
1.56M
None
0.00
MICRON TECHNOLOGY INC
DFNDShares789.96K
TypeSH
Market value$911.84M
1.69%
Sole
0.00
Shared
789.96K
None
0.00
ISHARES TR
DFNDShares2.88M
TypeSH
Market value$864.99M
1.60%
Sole
0.00
Shared
2.88M
None
0.00
ISHARES TR
DFNDShares27.20M
TypeSH
Market value$859.34M
1.59%
Sole
0.00
Shared
27.20M
None
0.00
META PLATFORMS INC
DFNDShares1.49M
TypeSH
Market value$841.71M
1.56%
Sole
0.00
Shared
1.49M
None
0.00
SELECT SECTOR SPDR TR
DFNDShares15.31M
TypeSH
Market value$820.74M
1.52%
Sole
0.00
Shared
15.31M
None
0.00
ALPHABET INC
DFNDShares2.10M
TypeSH
Market value$742.04M
1.37%
Sole
0.00
Shared
2.10M
None
0.00
ISHARES TR
DFNDShares6.25M
TypeSH
Market value$681.41M
1.26%
Sole
0.00
Shared
6.25M
None
0.00
NEBIUS GROUP N.V.
DFNDShares2.26M
TypeSH
Market value$623.41M
1.15%
Sole
0.00
Shared
2.26M
None
0.00
BROADCOM INC
DFNDShares1.57M
TypeSH
Market value$591.59M
1.09%
Sole
0.00
Shared
1.57M
None
0.00
ALPHABET INC
DFNDShares1.65M
TypeSH
Market value$590.53M
1.09%
Sole
0.00
Shared
1.65M
None
0.00
VANGUARD INDEX FDS
DFNDShares857.92K
TypeSH
Market value$589.23M
1.09%
Sole
0.00
Shared
857.92K
None
0.00
ADVANCED MICRO DEVICES INC
DFNDShares740.46K
TypeSH
Market value$430.14M
0.80%
Sole
0.00
Shared
740.46K
None
0.00
SPDR SERIES TRUST
DFNDShares5.24M
TypeSH
Market value$392.57M
0.73%
Sole
0.00
Shared
5.24M
None
0.00
NOKIA CORP
DFNDShares29.15M
TypeSH
Market value$387.05M
0.72%
Sole
0.00
Shared
29.15M
None
0.00
BERKSHIRE HATHAWAY INC DEL
DFNDShares747.46K
TypeSH
Market value$374.02M
0.69%
Sole
0.00
Shared
747.46K
None
0.00
INTEL CORP
DFNDShares2.27M
TypeSH
Market value$316.92M
0.59%
Sole
0.00
Shared
2.27M
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO QQQ TRDFND | UNIT SER 1 | 11.05M | SH | $8.14B 15.06% | 0.00 | 11.05M | 0.00 |
STATE STR SPDR S&P 500 ETF TDFND | TR UNIT | 10.33M | SH | $7.72B 14.28% | 0.00 | 10.33M | 0.00 |
NVIDIA CORPORATIONDFND | COM | 19.74M | SH | $3.95B 7.31% | 0.00 | 19.74M | 0.00 |
MICROSOFT CORPDFND | COM | 9.53M | SH | $3.56B 6.58% | 0.00 | 9.53M | 0.00 |
AMAZON COM INCDFND | COM | 8.32M | SH | $1.98B 3.67% | 0.00 | 8.32M | 0.00 |
APPLE INCDFND | COM | 6.35M | SH | $1.84B 3.40% | 0.00 | 6.35M | 0.00 |
TESLA INCDFND | COM | 3.98M | SH | $1.67B 3.10% | 0.00 | 3.98M | 0.00 |
WESTERN DIGITAL CORPDFND | NOTE 3.000%11/1 | 80.50M | PRN | $1.36B 2.51% | 0.00 | 80.50M | 0.00 |
ISHARES TRDFND | CORE S&P500 ETF | 1.56M | SH | $1.17B 2.16% | 0.00 | 1.56M | 0.00 |
MICRON TECHNOLOGY INCDFND | COM | 789.96K | SH | $911.84M 1.69% | 0.00 | 789.96K | 0.00 |
ISHARES TRDFND | RUSSELL 2000 ETF | 2.88M | SH | $864.99M 1.60% | 0.00 | 2.88M | 0.00 |
ISHARES TRDFND | CHINA LG-CAP ETF | 27.20M | SH | $859.34M 1.59% | 0.00 | 27.20M | 0.00 |
META PLATFORMS INCDFND | CL A | 1.49M | SH | $841.71M 1.56% | 0.00 | 1.49M | 0.00 |
SELECT SECTOR SPDR TRDFND | ST STR FINL ETF | 15.31M | SH | $820.74M 1.52% | 0.00 | 15.31M | 0.00 |
ALPHABET INCDFND | CAP STK CL C | 2.10M | SH | $742.04M 1.37% | 0.00 | 2.10M | 0.00 |
ISHARES TRDFND | IBOXX INV CP ETF | 6.25M | SH | $681.41M 1.26% | 0.00 | 6.25M | 0.00 |
NEBIUS GROUP N.V.DFND | SHS CLASS A | 2.26M | SH | $623.41M 1.15% | 0.00 | 2.26M | 0.00 |
BROADCOM INCDFND | COM | 1.57M | SH | $591.59M 1.09% | 0.00 | 1.57M | 0.00 |
ALPHABET INCDFND | CAP STK CL A | 1.65M | SH | $590.53M 1.09% | 0.00 | 1.65M | 0.00 |
VANGUARD INDEX FDSDFND | S&P 500 ETF SHS | 857.92K | SH | $589.23M 1.09% | 0.00 | 857.92K | 0.00 |
ADVANCED MICRO DEVICES INCDFND | COM | 740.46K | SH | $430.14M 0.80% | 0.00 | 740.46K | 0.00 |
SPDR SERIES TRUSTDFND | ST STR SP REGBNK | 5.24M | SH | $392.57M 0.73% | 0.00 | 5.24M | 0.00 |
NOKIA CORPDFND | SPONSORED ADR | 29.15M | SH | $387.05M 0.72% | 0.00 | 29.15M | 0.00 |
BERKSHIRE HATHAWAY INC DELDFND | CL B NEW | 747.46K | SH | $374.02M 0.69% | 0.00 | 747.46K | 0.00 |
INTEL CORPDFND | COM | 2.27M | SH | $316.92M 0.59% | 0.00 | 2.27M | 0.00 |
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