Capstone Investment Advisors, LLC 13F Holdings
Capstone Investment Advisors, LLC's holdings from its Form 13F-HR filing for the quarter ended June 30, 2026, compared with the previous quarter (March 31, 2026). 13F filings list the long U.S. equity positions held by institutional investment managers with over $100 million under management.
Quarter
Q2 2026
Reported 13F value
$54.0B
Largest holding
Invesco QQQ TR (unit SER 1)
Biggest Buys (Q2 2026)
| Security | Change | Value of change | % of portfolio |
|---|---|---|---|
| NVIDIA CORPORATION | +5.15M sh | $964.5M | 7.81% |
| MICROSOFT CORP | +2.59M sh | $961.7M | 7.03% |
| NOKIA CORP (SPONSORED ADR) | New position | $387.1M | 0.77% |
| SPDR SERIES TRUST (ST STR SP REGBNK) | +4.59M sh | $321.4M | 0.78% |
| APPLE INC | +1.10M sh | $299.6M | 3.63% |
| ISHARES TR (RUSSELL 2000 ETF) | +1.07M sh | $292.3M | 1.71% |
| STRATEGY INC (CL A NEW) | +2.56M sh | $271.1M | 0.46% |
| BERKSHIRE HATHAWAY INC DEL (CL B NEW) | +429,400 sh | $210.3M | 0.74% |
| META PLATFORMS INC (CL A) | +345,000 sh | $195.9M | 1.66% |
| MICRON TECHNOLOGY INC | +262,000 sh | $195.4M | 1.80% |
Biggest Sells (Q2 2026)
| Security | Change | Value of change | % of portfolio |
|---|---|---|---|
| INVESCO QQQ TR (UNIT SER 1) | -15.60M sh | -$10.2B | 16.09% |
| STATE STR SPDR S&P 500 ETF T (TR UNIT) | -6.76M sh | -$4.7B | 15.25% |
| AMAZON COM INC | -6.06M sh | -$1.4B | 3.92% |
| ADVANCED MICRO DEVICES INC | -1.02M sh | -$398.8M | 0.85% |
| WARNER BROS DISCOVERY INC (COM SER A) | -13.85M sh | -$374.7M | 0.30% |
| ALPHABET INC (CAP STK CL C) | -1.13M sh | -$362.6M | 1.47% |
| ALPHABET INC (CAP STK CL A) | -985,500 sh | -$317.8M | 1.17% |
| ISHARES TR (MSCI EAFE ETF) | -1.90M sh | -$191.1M | 0.04% |
| ISHARES INC (MSCI BRAZIL ETF) | -4.59M sh | -$167.4M | 0.05% |
| TESLA INC | -312,900 sh | -$124.0M | 3.31% |
Top 50 Holdings
| Security | Value | % of portfolio | Change in shares |
|---|---|---|---|
| INVESCO QQQ TR (UNIT SER 1) | $8.1B | 16.09% | -58.53% |
| STATE STR SPDR S&P 500 ETF T (TR UNIT) | $7.7B | 15.25% | -39.56% |
| NVIDIA CORPORATION | $4.0B | 7.81% | +35.31% |
| MICROSOFT CORP | $3.6B | 7.03% | +37.27% |
| AMAZON COM INC | $2.0B | 3.92% | -42.14% |
| APPLE INC | $1.8B | 3.63% | +21.03% |
| TESLA INC | $1.7B | 3.31% | -7.29% |
| ISHARES TR (CORE S&P500 ETF) | $1.2B | 2.31% | +0.27% |
| MICRON TECHNOLOGY INC | $911.8M | 1.80% | +49.62% |
| ISHARES TR (RUSSELL 2000 ETF) | $865.0M | 1.71% | +58.81% |
| ISHARES TR (CHINA LG-CAP ETF) | $859.3M | 1.70% | +19.37% |
| META PLATFORMS INC (CL A) | $841.7M | 1.66% | +30.02% |
| SELECT SECTOR SPDR TR (ST STR FINL ETF) | $820.7M | 1.62% | +17.79% |
| ALPHABET INC (CAP STK CL C) | $742.0M | 1.47% | -35.04% |
| ISHARES TR (IBOXX INV CP ETF) | $681.4M | 1.35% | +22.29% |
| NEBIUS GROUP N.V. (SHS CLASS A) | $623.4M | 1.23% | +4.46% |
| BROADCOM INC | $591.6M | 1.17% | +9.68% |
| ALPHABET INC (CAP STK CL A) | $590.5M | 1.17% | -37.36% |
| VANGUARD INDEX FDS (S&P 500 ETF SHS) | $589.2M | 1.16% | +0.30% |
| ADVANCED MICRO DEVICES INC | $430.1M | 0.85% | -57.86% |
| SPDR SERIES TRUST (ST STR SP REGBNK) | $392.6M | 0.78% | +702.14% |
| NOKIA CORP (SPONSORED ADR) | $387.1M | 0.77% | New |
| BERKSHIRE HATHAWAY INC DEL (CL B NEW) | $374.0M | 0.74% | +134.97% |
| INTEL CORP | $316.9M | 0.63% | +2.77% |
| ISHARES TR (IBOXX HI YD ETF) | $313.9M | 0.62% | -12.14% |
| ORACLE CORP | $280.2M | 0.55% | +36.17% |
| ISHARES TR (MSCI EMG MKT ETF) | $273.2M | 0.54% | -24.79% |
| VANECK ETF TRUST (SEMICONDUCTR ETF) | $244.0M | 0.48% | +2619.30% |
| STRATEGY INC (CL A NEW) | $233.0M | 0.46% | +2146.77% |
| PALANTIR TECHNOLOGIES INC (CL A) | $215.8M | 0.43% | +57.85% |
| JPMORGAN CHASE & CO | $205.7M | 0.41% | +10.46% |
| SPACE EXPLORATION TECHN CORP (CLASS A COM STK) | $194.4M | 0.38% | New |
| APPLIED MATLS INC | $185.9M | 0.37% | +26.90% |
| SANDISK CORP | $178.3M | 0.35% | +100.46% |
| LAM RESEARCH CORP (COM NEW) | $169.3M | 0.33% | +50.47% |
| ELI LILLY & CO | $163.6M | 0.32% | +14.89% |
| EXXON MOBIL CORP | $161.0M | 0.32% | +12.84% |
| WARNER BROS DISCOVERY INC (COM SER A) | $150.1M | 0.30% | -71.10% |
| ALIBABA GROUP HLDG LTD (SPONSORED ADS) | $147.2M | 0.29% | +709.75% |
| NETFLIX INC. | $123.6M | 0.24% | +55.91% |
| CISCO SYS INC | $117.5M | 0.23% | +65.23% |
| BANK OF AMER CORP | $108.7M | 0.21% | -13.88% |
| CATERPILLAR INC | $106.6M | 0.21% | +11.48% |
| JOHNSON & JOHNSON | $105.7M | 0.21% | -0.70% |
| WALMART INC | $104.0M | 0.21% | +3.84% |
| ISHARES BITCOIN TRUST ETF (SHS BEN INT) | $100.5M | 0.20% | -15.41% |
| PROCTER & GAMBLE CO | $94.2M | 0.19% | +47.64% |
| VISA INC (COM CL A) | $93.7M | 0.19% | -29.10% |
| ADOBE INC | $89.6M | 0.18% | +60.73% |
| PALO ALTO NETWORKS INC | $89.2M | 0.18% | -37.87% |
Values are as reported in the filing, adjusted for stock splits. Ranked by market value; options and other non-equity positions may be included where the filing lists them.
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