CAPSTONE INVESTMENT ADVISORS, LLC

CIK

1426196

Location

NEW YORK, NY

Portfolio Value

Large $47,920,080,386

Diversification

Moderately concentrated

Filing Date

Global Rank

#86 / 8,232 ▲ 22

Top Industry

Semiconductors 17.8%

3Y Alpha vs SPY

+3.4%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+91.7%

SPY

+76.3%

Annualised alpha

+3.4%

Max drawdown

−20.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

882 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

32.1%

−2.9 pts

Top 5

72.2%

+5.9 pts

Top 10

82.4%

+0.8 pts

HHI

1,692

Moderately concentrated+131

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	55.6%	$26,663,223,335	8
Technology	18.9%	$9,068,984,185	149
Consumer Cyclical	10.6%	$5,071,787,474	112
Communication Services	5.3%	$2,532,908,955	35
Financial Services	3.0%	$1,428,480,355	151
Industrials	1.8%	$883,649,811	125
Healthcare	1.7%	$808,754,606	104
Consumer Defensive	1.2%	$581,798,518	52
Energy	0.9%	$441,790,051	38
Basic Materials	0.5%	$227,410,348	51
Utilities	0.3%	$146,906,427	34
Real Estate	0.1%	$64,386,321	23

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	+19,214,016	26,647,688	$15,380,512,559
WBD	Warner Bros. Discovery, Inc.	+11,918,300	19,478,200	$534,871,372
AMZN	Amazon Com Inc	+6,739,142	14,377,710	$2,994,445,661
MSFT	Microsoft Corp	+4,282,465	6,944,697	$2,570,718,488
BAC	Bank Of America Corp /De/	+1,049,877	2,215,397	$108,000,603
XOM	Exxon Mobil Corp	+761,669	1,043,828	$177,095,858
TSLA	Tesla, Inc.	+738,013	4,291,800	$1,595,476,650
PLTR	Palantir Technologies Inc.	+645,962	1,171,718	$171,398,909
HOOD	Robinhood Markets, Inc.	+421,935	519,854	$36,025,882
CTRA	Coterra Energy Inc.	+398,819	427,719	$15,030,045
NOW	ServiceNow, Inc.	+381,215	440,719	$46,077,171
NKE	NIKE, Inc.	+378,457	695,571	$36,740,060
NBIS	Nebius Group N.V.	+350,000	2,161,000	$224,225,360
AAPL	Apple Inc.	+347,176	5,246,065	$1,331,398,836
WFC	Wells Fargo & Company/Mn	+326,167	777,257	$61,877,429
CRM	Salesforce, Inc.	+315,879	388,549	$72,530,441
CMCSA	Comcast Corp	+314,292	523,289	$15,023,627
C	Citigroup Inc	+301,270	566,124	$64,204,122
UBER	Uber Technologies, Inc	+300,908	766,131	$55,107,802
ORCL	Oracle Corp	+254,065	1,404,183	$206,569,361
CVX	Chevron Corp	+251,217	405,600	$83,918,640
MARA	MARA Holdings, Inc.	+246,696	987,996	$8,062,047
GRAB	Grab Holdings Ltd	+237,830	261,564	$957,324
EA	Electronic Arts Inc.	+218,300	257,300	$52,455,751
T	At&T Inc.	+205,106	989,168	$28,675,980
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−8,612,793	14,589,908	$2,544,479,955
KVUE	Kenvue Inc.	−7,367,172	2,892,293	$49,863,131
CORZ	Core Scientific, Inc./tx	−4,790,000	60,000	$897,600
GOOGL	Alphabet Inc.	−4,093,700	2,637,871	$758,546,184
SPY	Spdr S&P 500 ETF Trust	−3,762,556	17,093,524	$11,116,602,398
AMD	Advanced Micro Devices Inc	−3,428,607	1,757,329	$357,493,438
FOLD	AMICUS THERAPEUTICS, INC.	−1,584,270	265,730	$3,842,455
INTC	Intel Corp	−1,436,825	2,208,455	$97,459,119
NIO	NIO Inc.	−1,008,851	34,397	$207,413
CSCO	Cisco Systems, Inc.	−737,159	605,441	$46,976,167
FLS	Flowserve Corp	−494,000	196,075	$14,413,473
MDLN	Medline Inc.	−482,340	6,660	$296,370
SLV	iShares Silver Trust	−453,725	259,860	$17,706,860
AVGO	Broadcom Inc.	−392,100	1,427,895	$441,947,781
NFLX	Netflix Inc	−348,953	1,110,285	$106,753,902
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−322,016	47,648	$16,102,641
AIG	American International Group, Inc.	−286,554	58,946	$4,435,686
HOLX	HOLOGIC INC	−228,740	108,000	$8,163,720
CVS	CVS HEALTH Corp	−219,811	112,600	$8,086,932
CLSK	Cleanspark, Inc.	−197,800	210,300	$1,789,653
HAL	Halliburton Co	−175,564	398,792	$15,548,900
JD	JD.com, Inc.	−170,893	50,507	$1,493,491
AMAT	Applied Materials Inc /De	−164,205	202,576	$69,238,451
PSKY	Paramount Skydance Corp	−160,300	10,300	$92,906
META	Meta Platforms, Inc.	−144,323	1,149,272	$657,532,989
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
WBS	Webster Financial Corp	849,500	$58,972,290
AA	Alcoa Corp	543,665	$36,061,299
GTLS	Chart Industries Inc	163,000	$33,700,250
XPO	XPO, Inc.	107,800	$20,972,490
RS	Reliance, Inc.	61,560	$18,709,315
CWAN	Clearwater Analytics Holdings, Inc.	700,000	$16,555,000
EXPD	Expeditors International Of Washington Inc	111,151	$15,920,157
APLS	Apellis Pharmaceuticals, Inc.	250,000	$10,057,500
VAL	Valaris Ltd	99,643	$9,768,999
FPS	Forgent Power Solutions, Inc.	300,000	$8,781,000
ACM	Aecom	100,146	$8,494,383
BTI	British American Tobacco p.l.c.	96,000	$5,613,120
TECK	Teck Resources Ltd	100,000	$5,175,000
BUD	Anheuser-Busch InBev SA/NV	74,000	$5,133,380
DAWN	Day One Biopharmaceuticals, Inc.	236,000	$5,059,840
DBRG	DigitalBridge Group, Inc.	325,000	$5,011,500
AU	AngloGold Ashanti PLC	50,434	$4,910,254
ETR	Entergy Corp /De/	43,521	$4,890,019
UMC	United Microelectronics Corp	364,169	$3,270,237
KW	Kennedy-Wilson Holdings, Inc.	290,000	$3,137,800
GME	GameStop Corp.	120,000	$2,764,800
SAP	Sap SE	15,000	$2,568,150
QSR	Restaurant Brands International Inc.	33,123	$2,447,789
ENS	EnerSys	13,476	$2,341,050
CTVA	Corteva, Inc.	26,586	$2,225,514
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
R	Ryder System Inc	144,548	$27,665,041
EXAS	EXACT SCIENCES CORP	251,384	$25,530,559
CSTM	Constellium SE	1,194,936	$22,524,543
MTZ	Mastec Inc	100,997	$21,953,717
SATS	EchoStar CORP	150,000	$16,305,000
NTST	NETSTREIT Corp.	772,907	$13,634,079
NGD	New Gold Inc. /FI	1,100,000	$9,581,000
SUNC	SunocoCorp LLC	169,625	$8,359,120
CHKP	Check Point Software Technologies Ltd	31,400	$5,826,584
SUI	Sun Communities Inc	32,384	$4,012,701
CUK	CARNIVAL PLC	125,000	$3,791,250
LBRDA	Liberty Broadband Corp	75,000	$3,621,000
GDDY	GoDaddy Inc.	29,182	$3,620,902
FTAI	FTAI Aviation Ltd.	17,296	$3,404,717
CTLP	Cantaloupe, Inc.	295,000	$3,132,900
LNG	Cheniere Energy, Inc.	15,343	$2,982,525
ALAB	Astera Labs, Inc.	15,439	$2,568,432
CRCL	Circle Internet Group, Inc.	29,047	$2,303,427
MOH	Molina Healthcare, Inc.	12,600	$2,186,604
RKT	Rocket Companies, Inc.	112,813	$2,184,059
IT	Gartner Inc	8,330	$2,101,492
TOST	Toast, Inc.	56,212	$1,996,088
RIOT	Riot Platforms, Inc.	154,900	$1,962,583
INGR	Ingredion Inc	17,303	$1,907,828
FLO	Flowers Foods Inc	159,872	$1,739,407
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

882 positions · $47,920,080,386 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 882 positions by value · page 1 of 18

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Added	26,647,688	+19,214,016	$15,380,512,559	+236.8%	32.10%
SPY	Spdr S&P 500 ETF Trust	Reduced	17,093,524	-3,762,556	$11,116,602,398	−21.8%	23.20%
AMZN	Amazon Com Inc Consumer Cyclical	Added	14,377,710	+6,739,142	$2,994,445,661	+69.8%	6.25%
MSFT	Microsoft Corp Technology	Added	6,944,697	+4,282,465	$2,570,718,488	+99.7%	5.36%
NVDA	Nvidia Corp Technology	Reduced	14,589,908	-8,612,793	$2,544,479,955	−41.2%	5.31%
TSLA	Tesla, Inc. Consumer Cyclical	Added	4,291,800	+738,013	$1,595,476,650	−0.2%	3.33%
AAPL	Apple Inc. Technology	Added	5,246,065	+347,176	$1,331,398,836	−0.0%	2.78%
GOOGL	Alphabet Inc. Communication Services	Reduced	2,637,871	-4,093,700	$758,546,184	−64.0%	1.58%
META	Meta Platforms, Inc. Communication Services	Reduced	1,149,272	-144,323	$657,532,989	−23.0%	1.37%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	19,478,200	+11,918,300	$534,871,372	+145.5%	1.12%
AVGO	Broadcom Inc. Technology	Reduced	1,427,895	-392,100	$441,947,781	−29.8%	0.92%
AMD	Advanced Micro Devices Inc Technology	Reduced	1,757,329	-3,428,607	$357,493,438	−67.8%	0.75%
NBIS	Nebius Group N.V. Communication Services	Added	2,161,000	+350,000	$224,225,360	+47.9%	0.47%
ORCL	Oracle Corp Technology	Added	1,404,183	+254,065	$206,569,361	−7.9%	0.43%
MU	Micron Technology Inc Technology	Added	527,992	+147,074	$178,376,817	+64.1%	0.37%
XOM	Exxon Mobil Corp Energy	Added	1,043,828	+761,669	$177,095,858	+421.6%	0.37%
PLTR	Palantir Technologies Inc. Technology	Added	1,171,718	+645,962	$171,398,909	+83.4%	0.36%
JPM	Jpmorgan Chase & Co Financial Services	Added	568,844	+186,169	$167,331,151	+35.7%	0.35%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	318,107	+124,107	$152,436,874	+56.3%	0.32%
IBIT	iShares Bitcoin Trust ETF	Added	3,570,000	+120,100	$137,159,400	−19.9%	0.29%
V	Visa Inc. Financial Services	Added	385,189	+86,489	$116,419,523	+11.1%	0.24%
WMT	Walmart Inc. Consumer Defensive	Added	884,145	+156,745	$109,881,540	+35.6%	0.23%
LLY	ELI LILLY & Co Healthcare	Added	118,707	+54,346	$109,183,137	+57.9%	0.23%
BAC	Bank Of America Corp /De/ Financial Services	Added	2,215,397	+1,049,877	$108,000,603	+68.5%	0.23%
NFLX	Netflix Inc Communication Services	Reduced	1,110,285	-348,953	$106,753,902	−22.0%	0.22%
IBM	International Business Machines Corp Technology	Reduced	438,117	-133,874	$106,195,179	−37.3%	0.22%
JNJ	Johnson & Johnson Healthcare	Added	419,133	+119,133	$102,452,870	+65.0%	0.21%
INTC	Intel Corp Technology	Reduced	2,208,455	-1,436,825	$97,459,119	−27.5%	0.20%
CVX	Chevron Corp Energy	Added	405,600	+251,217	$83,918,640	+256.7%	0.18%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	83,225	+10,492	$82,927,886	+32.2%	0.17%
MA	Mastercard Inc Financial Services	Added	162,142	+24,077	$81,015,871	+2.8%	0.17%
CRM	Salesforce, Inc. Technology	Added	388,549	+315,879	$72,530,441	+276.8%	0.15%
AMAT	Applied Materials Inc /De Technology	Reduced	202,576	-164,205	$69,238,451	−26.5%	0.14%
PANW	Palo Alto Networks Inc Technology	Added	421,191	+82,441	$67,525,341	+8.2%	0.14%
ADBE	Adobe Inc. Technology	Added	271,815	+110,770	$66,072,790	+17.2%	0.14%
C	Citigroup Inc Financial Services	Added	566,124	+301,270	$64,204,122	+107.7%	0.13%
CAT	Caterpillar Inc Industrials	Reduced	89,813	-84,387	$63,628,917	−36.2%	0.13%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	434,955	+203,759	$62,824,900	+89.6%	0.13%
WFC	Wells Fargo & Company/Mn Financial Services	Added	777,257	+326,167	$61,877,429	+47.2%	0.13%
BMY	Bristol Myers Squibb Co Healthcare	Added	1,007,942	+56,892	$61,131,682	+19.2%	0.13%
WBS	Webster Financial Corp Financial Services	NEW	849,500	NEW	$58,972,290	NEW	0.12%
MRK	Merck & Co., Inc. Healthcare	Added	464,672	+38,568	$55,895,394	+24.6%	0.12%
RTX	RTX Corp Industrials	Added	289,203	+136,565	$55,787,258	+99.3%	0.12%
LRCX	Lam Research Corp Technology	Added	259,590	+53,790	$55,463,999	+57.4%	0.12%
UBER	Uber Technologies, Inc Technology	Added	766,131	+300,908	$55,107,802	+45.0%	0.11%
GS	Goldman Sachs Group Inc Financial Services	Added	64,343	+8,637	$54,433,534	+11.2%	0.11%
ABBV	AbbVie Inc. Healthcare	Reduced	244,161	-69,672	$53,102,575	−25.9%	0.11%
EA	Electronic Arts Inc. Communication Services	Added	257,300	+218,300	$52,455,751	+558.3%	0.11%
HD	Home Depot, Inc. Consumer Cyclical	Added	156,865	+43,534	$51,591,329	+32.3%	0.11%
MS	Morgan Stanley Financial Services	Added	311,703	+44,402	$51,296,962	+8.1%	0.11%