Capstone Investment Advisors, LLC holds a focused book of 942 stocks worth $14.4B as of Q2 2026 (disclosed Aug 17, 2026, a ~48-day 13F lag). This quarter they opened Nokia Corp-Spon ADR and trimmed Amazon.com Inc. Their largest long position is Microsoft Corp at 11% of the equity book. They also disclosed $31.6B in put options (a bearish bet) and $8.0B in call options (bullish), shown separately below and excluded from the equity book.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
57% mapped to company sectors
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices, no cost basis
Other tracked managers holding the same core names as Capstone Investment Advisors, LLC
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| JPMORGAN CHASE & CO | 66 / 80 | $424.8B |
| BlackRock, Inc. | 65 / 80 | $1.7T |
| MORGAN STANLEY | 64 / 80 | $430.5B |
| WELLS FARGO & COMPANY/MN | 63 / 80 | $108.5B |
| FMR LLC | 62 / 80 | $645.2B |
| CITIGROUP INC | 62 / 80 | $49.7B |
| BNP PARIBAS FINANCIAL MARKETS | 59 / 80 | $40.8B |
| BANK OF AMERICA CORP /DE/ | 58 / 80 | $265.7B |
Ranked by how many of Capstone Investment Advisors, LLC's top 80 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.
Bars show each stock's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Microsoft Corp COM | $1.6B | 4.30M | 11.2% | ▲+55% Added · +1.5M sh | |
| 2 | Nvidia Corporation COM | $1.4B | 6.87M | 9.6% | ▲+71% Added · +2.9M sh | |
| 3 | Western Digital Corp NOTE 3.000%11/1 | $1.4B | 80.50M | 9.4% | —Held | |
| 4 | Ishares TR CORE S&P500 ETF | $1.2B | 1.56M | 8.1% | ▲+0.3% Added · +4K sh | |
| 5 | Amazon Com Inc COM | $736.3M | 3.09M | 5.1% | ▼−46% Reduced · −2.7M sh | |
| 6 | Vanguard Index FDS S&P 500 ETF SHS | $589.2M | 857.9K | 4.1% | ▲+0.3% Added · +3K sh | |
| 7 | Tesla Inc COM | $556.4M | 1.32M | 3.9% | ▼−9.0% Reduced · −131K sh | |
| 8 | Meta Platforms Inc CL A | $335.1M | 594.9K | 2.3% | ▲+75% Added · +256K sh | |
| 9 | Invesco QQQ TR UNIT SER 1 | $314.4M | 426.9K | 2.2% | ▲14× Added · +395K sh | |
| 10 | Apple Inc COM | $270.5M | 934.7K | 1.9% | ▼−5.2% Reduced · −52K sh | |
| 11 | Micron Technology Inc COM | $265.9M | 230.4K | 1.8% | ▲+331% Added · +177K sh | |
| 12 | Echostar Corp NOTE 3.875%11/3 | $205.0M | 65.59M | 1.4% | ▲+25% Added · +13.2M sh | |
| 13 | Nokia Corp SPONSORED ADR | $193.8M | 14.60M | 1.3% | ▲New New position | |
| 14 | Oracle Corp COM | $178.4M | 1.22M | 1.2% | ▲+38% Added · +333K sh | |
| 15 | Broadcom Inc COM | $169.3M | 448.3K | 1.2% | ▲+19% Added · +70K sh | |
| 16 | Space Exploration Techn Corp CLASS A COM STK | $138.8M | 812.5K | 1.0% | ▲New New position | |
| 17 | Interdigital Inc NOTE 3.500% 6/0 | $127.7M | 34.89M | 0.9% | ▲+1.0% Added · +354K sh | |
| 18 | Bridgebio Pharma Inc NOTE 2.500% 3/1 | $124.5M | 69.87M | 0.9% | ▲+29% Added · +15.5M sh | |
| 19 | Strategy Inc CL A NEW | $112.9M | 1.30M | 0.8% | ▲20× Added · +1.2M sh | |
| 20 | Palantir Technologies Inc CL A | $107.9M | 925.1K | 0.8% | ▲+188% Added · +604K sh | |
| 21 | Berkshire Hathaway Inc Del CL B NEW | $98.8M | 197.4K | 0.7% | ▲+628% Added · +170K sh | |
| 22 | Alphabet Inc CAP STK CL C | $96.1M | 271.9K | 0.7% | ▼−68% Reduced · −567K sh | |
| 23 | Warner Bros Discovery Inc COM SER A | $90.8M | 3.40M | 0.6% | ▼−67% Reduced · −6.8M sh | |
| 24 | Cloudflare Inc NOTE 8/1 | $86.2M | 67.00M | 0.6% | ▼−27% Reduced · −24.3M sh | |
| 25 | Chefs Whse Inc NOTE 2.375%12/1 | $79.8M | 35.64M | 0.6% | ▼−14% Reduced · −5.8M sh | |
| 26 | Chart Inds Inc COM | $77.3M | 370.0K | 0.5% | ▲+127% Added · +207K sh | |
| 27 | State STR SPDR S&P 500 ETF T TR UNIT | $75.7M | 101.3K | 0.5% | ▼−83% Reduced · −492K sh | |
| 28 | Alibaba Group Hldg Ltd SPONSORED ADS | $74.2M | 773.3K | 0.5% | ▲97× Added · +765K sh | |
| 29 | Webster Finl Corp COM | $71.5M | 935.0K | 0.5% | ▲+10% Added · +86K sh | |
| 30 | Live Nation Entertainment In NOTE 3.125% 1/1 | $71.4M | 40.00M | 0.5% | ▲New New position | |
| 31 | Ishares TR CHINA LG-CAP ETF | $69.5M | 2.20M | 0.5% | ▲+110% Added · +1.2M sh | |
| 32 | Kenvue Inc COM | $68.8M | 3.60M | 0.5% | ▲+35% Added · +935K sh | |
| 33 | Mirum Pharmaceuticals Inc NOTE 4.000% 5/0 | $68.3M | 18.45M | 0.5% | ▼−32% Reduced · −8.6M sh | |
| 34 | Akamai Technologies Inc NOTE 0.250% 5/1 | $65.7M | 45.00M | 0.5% | ▲New New position | |
| 35 | Xeris Biopharma Holdings Inc NOTE 8.000% 7/1 | $62.6M | 23.07M | 0.4% | —Held | |
| 36 | Select Sector SPDR TR ST STR ENERG ETF | $61.9M | 1.16M | 0.4% | ▲+0.1% Added · +1K sh | |
| 37 | Biomarin Pharmaceutical Inc NOTE 1.250% 5/1 | $60.8M | 62.43M | 0.4% | ▲+15% Added · +8.2M sh | |
| 38 | Uber Technologies Inc NOTE 0.875%12/0 | $57.3M | 47.87M | 0.4% | ▲+46% Added · +15.0M sh | |
| 39 | Taiwan Semiconductor Manufac SPONSORED ADS | $52.7M | 110.4K | 0.4% | ▲+132% Added · +63K sh | |
| 40 | Etsy Inc COM | $48.3M | 640.7K | 0.3% | ▲New New position | |
| 41 | Cerebras Systems Inc COM CL A | $44.7M | 202.1K | 0.3% | ▲New New position | |
| 42 | Etsy Inc NOTE 0.125% 9/0 | $44.6M | 47.00M | 0.3% | ▲New New position | |
| 43 | Roku Inc COM CL A | $44.2M | 320.0K | 0.3% | ▲18× Added · +302K sh | |
| 44 | Sandisk Corp COM | $44.2M | 19.4K | 0.3% | ▲+421% Added · +16K sh | |
| 45 | Etsy Inc NOTE 1.000% 6/1 | $43.9M | 37.75M | 0.3% | ▲New New position | |
| 46 | Bentley Sys Inc NOTE 0.375% 7/0 | $43.8M | 45.54M | 0.3% | ▲+9.1% Added · +3.8M sh | |
| 47 | Ishares TR MSCI EMG MKT ETF | $41.4M | 605.1K | 0.3% | ▼−17% Reduced · −124K sh | |
| 48 | Granite Constr Inc NOTE 3.250% 6/1 | $40.9M | 19.50M | 0.3% | ▲New New position | |
| 49 | Adobe Inc COM | $40.0M | 195.2K | 0.3% | ▲+130% Added · +110K sh | |
| 50 | Netflix Inc. COM | $37.8M | 529.6K | 0.3% | ▲+417% Added · +427K sh |
The public view is the crawlable proof. The same sourced dataset is available through REST and MCP for agents, research scripts, and back-office tools.
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1426196/holdings"
Use Arkolith to show CAPSTONE INVESTMENT ADVISORS, LLC's latest holdings, largest changes, and filing provenance.
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| PUT · bearish | SS SPDR S&P 500 ETF TRUST-USSPY | $7.0B | 9.3M |
| PUT · bearish | INVESCO QQQ TRUST SERIES 1QQQ | $5.8B | 7.8M |
| PUT · bearish | NVIDIA CORPNVDA | $2.3B | 11.3M |
| CALL · bullish | INVESCO QQQ TRUST SERIES 1QQQ | $2.1B | 2.8M |
| PUT · bearish | MICROSOFT CORPMSFT | $1.8B | 4.8M |
| PUT · bearish | APPLE INCAAPL | $1.2B | 4.2M |
| PUT · bearish | AMAZON.COM INCAMZN | $1.1B | 4.4M |
| PUT · bearish | TESLA INCTSLA | $884.9M | 2.1M |
| PUT · bearish | ISHR IBX USD INVGD CB ETF-UILQD | $681.4M | 6.2M |
| CALL · bullish | ISHARES RUSSELL 2000 ETFIWM | $673.0M | 2.2M |
| CALL · bullish | SS SPDR S&P 500 ETF TRUST-USSPY | $664.9M | 890K |
| PUT · bearish | NEBIUS GROUP NVNBIS | $622.9M | 2.3M |
| PUT · bearish | MICRON TECHNOLOGY INCMU | $601.6M | 521K |
| CALL · bullish | SS FINANCIAL SELECT SECTORXLF | $532.4M | 9.9M |
| PUT · bearish | ALPHABET INC-CL CGOOG | $522.0M | 1.5M |
| PUT · bearish | ALPHABET INC-CL AGOOGL | $472.8M | 1.3M |
| PUT · bearish | ISHARES CHINA LARGE-CAP ETFFXI | $424.2M | 13.4M |
| PUT · bearish | META PLATFORMS INC-CLASS AMETA | $384.5M | 683K |
| CALL · bullish | ISHARES CHINA LARGE-CAP ETFFXI | $365.6M | 11.6M |
| PUT · bearish | ADVANCED MICRO DEVICESAMD | $355.0M | 611K |
| CALL · bullish | APPLE INCAAPL | $354.4M | 1.2M |
| CALL · bullish | NVIDIA CORPNVDA | $316.2M | 1.6M |
| PUT · bearish | BROADCOM INCAVGO | $313.1M | 829K |
| PUT · bearish | SS FINANCIAL SELECT SECTORXLF | $288.3M | 5.4M |
| PUT · bearish | ISHR IBX USD HIYLD CB ETF-UIHYG | $284.1M | 3.6M |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above. Showing the largest 25 of 699 option legs.
As-of date vs the date the SEC received each filing
| Quarter | As of | Filed | Positions | Value | Form |
|---|---|---|---|---|---|
| Q2 2026 | Jun 30, 2026 | Aug 17, 2026 | 1,641 | $54.0B | 13F-HR |
| Q1 2026 | Mar 31, 2026 | May 15, 2026 | 1,558 | $57.4B | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 17, 2026 | 1,530 | $51.1B | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 14, 2025 | 1,889 | $53.7B | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 14, 2025 | 1,556 | $40.4B | 13F-HR |
| Q1 2025 | Mar 31, 2025 | May 15, 2025 | 1,317 | $37.8B | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Feb 14, 2025 | 1,824 | $41.4B | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 14, 2024 | 1,886 | $32.9B | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Aug 14, 2024 | 2,031 | $31.9B | 13F-HR |
| Q1 2024 | Mar 31, 2024 | May 1, 2024 | 2,306 | $27.8B | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Feb 12, 2024 | 2,073 | $33.2B | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Nov 13, 2023 | 2,081 | $22.2B | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Aug 10, 2023 | 1,824 | $20.2B | 13F-HR |
| Q1 2023 | Mar 31, 2023 | May 9, 2023 | 1,542 | $19.8B | 13F-HR |
| Q4 2022 | Dec 31, 2022 | Feb 10, 2023 | 1,493 | $13.7B | 13F-HR |
| Q3 2022 | Sep 30, 2022 | Nov 10, 2022 | 1,642 | $16.6B | 13F-HR |
| Q2 2022 | Jun 30, 2022 | Aug 15, 2022 | 1,805 | $20.5B | 13F-HR |
| Q1 2022 | Mar 31, 2022 | May 13, 2022 | 2,076 | $36.4B | 13F-HR |
| Q4 2021 | Dec 31, 2021 | Feb 11, 2022 | 1,848 | $59.8B | 13F-HR |
| Q3 2021 | Sep 30, 2021 | Nov 15, 2021 | 1,999 | $50.5B | 13F-HR |
| Q2 2021 | Jun 30, 2021 | Feb 11, 2022 | 1,697 | $44.2B | 13F-HR/A |
| Q1 2021 | Mar 31, 2021 | Feb 11, 2022 | 1,638 | $33.9B | 13F-HR/A |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.