Capstone Capital Management Ltd

CIK

2069260

Location

HONG KONG, K3

Portfolio Value

Small $187,594,091

Diversification

Diversified

Filing Date

Global Rank

#4,721 / 8,700 ▲ 3241

Top Industry

Software - Infrastructure 15.1%

3Y Alpha vs SPY

-15.1%

Period ended 3 months ago

Filed Jul 20, 2026 · 57d

3 quarters · since Dec 2025

Clone Performance

Feb 2026–Sep 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

-1.1%

SPY

+11.6%

Annualised alpha

-22.7%

Max drawdown

−22.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Returns are unavailable when a held security or benchmark crosses a captured split without a certified price basis; the requested window is not shortened to hide it. It tracks 100% of reported value on average across 3 quarters. Past performance does not predict future results.

Portfolio Concentration

144 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

4.8%

−13.4 pts

Top 5

16.9%

−28.4 pts

Top 10

27.4%

−34.1 pts

HHI

144

Diversified−553

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	58.6%	$109,906,409	64
Industrials	8.8%	$16,589,310	18
Consumer Cyclical	7.1%	$13,379,041	13
Communication Services	6.0%	$11,260,027	11
Financial Services	5.7%	$10,725,332	6
Healthcare	3.4%	$6,290,623	10
Utilities	3.1%	$5,838,971	3
Energy	2.8%	$5,159,507	8
Consumer Defensive	2.2%	$4,079,301	6
Basic Materials	1.9%	$3,544,123	4
Unclassified	0.4%	$821,447	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
CRWV	CoreWeave, Inc.	+71,730	89,780	$8,936,701
ORCL	Oracle Corp	+37,011	52,266	$7,659,582
PDD	PDD Holdings Inc.	+10,331	52,199	$3,981,739
AAPL	Apple Inc.	+8,616	9,652	$2,792,902
BMY	Bristol Myers Squibb Co	+6,729	14,109	$812,960
NRG	Nrg Energy, Inc.	+6,652	20,007	$2,922,222
CL	Colgate Palmolive Co	+3,600	8,749	$802,108
ADBE	Adobe Inc.	+2,137	3,964	$812,699
—		+1,758	3,929	$805,602
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
WVE	Wave Life Sciences, Inc.	−90,914	53,115	$308,598
AMKR	Amkor Technology, Inc.	−30,075	5,733	$494,356
BSX	Boston Scientific Corp	−26,969	14,240	$607,763
SNPS	Synopsys Inc	−22,175	14,351	$6,401,550
PFE	Pfizer Inc	−14,829	14,840	$357,347
MU	Micron Technology Inc	−10,662	867	$1,000,769
GOOGL	Alphabet Inc.	−8,389	2,490	$889,851
BA	Boeing Co	−5,887	11,449	$2,478,365
COHR	Coherent Corp.	−1,846	8,182	$3,227,553
LITE	Lumentum Holdings Inc.	−1,050	3,241	$2,780,972
ALNY	Alnylam Pharmaceuticals, Inc.	−710	1,057	$318,188
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
IREN	IREN Ltd	97,493	$4,458,354
NBIS	Nebius Group N.V.	15,633	$4,317,365
AMD	Advanced Micro Devices Inc	6,988	$4,059,399
KLAC	Kla Corp	13,302	$4,013,346
WDC	Western Digital Corp	6,069	$3,876,391
BE	Bloom Energy Corp	12,230	$3,702,021
NOW	ServiceNow, Inc.	32,604	$3,236,925
CIEN	Ciena Corp	6,409	$3,143,999
TCOM	Trip.com Group Ltd	74,235	$2,957,522
AXTI	Axt Inc	36,591	$2,637,479
WOLF	Wolfspeed, Inc.	52,554	$2,535,730
CEG	Constellation Energy Corp	9,360	$2,324,743
SAP	Sap SE	14,778	$2,277,437
GLW	Corning Inc /Ny	8,751	$2,235,267
AMAT	Applied Materials Inc /De	3,064	$2,215,272
QCOM	Qualcomm Inc/De	11,714	$2,164,630
FORM	Formfactor Inc	13,243	$2,117,952
ACMR	ACM Research, Inc.	16,643	$2,111,830
AEHR	Aehr Test Systems	21,867	$2,100,544
VSH	Vishay Intertechnology Inc	35,901	$1,930,755
TSEM	Tower Semiconductor Ltd	7,137	$1,860,187
MKSI	Mks Inc	4,123	$1,833,910
FUTU	Futu Holdings Ltd	19,429	$1,821,274
SITM	SITIME Corp	2,292	$1,708,823
ONTO	Onto Innovation Inc.	4,432	$1,677,290
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
INTC	Intel Corp	423,704	$18,698,057
TSLA	Tesla, Inc.	14,009	$5,207,845
SNDK	Sandisk Corp	6,261	$3,977,863
ATMP	Barclays Bank PLC	88,604	$3,163,162
PANW	Palo Alto Networks Inc	15,583	$2,498,266
RMBS	Rambus Inc	23,326	$2,006,735
AAXJ	iShares MSCI All Country Asia ex Japan ETF	19,474	$1,681,734
AAPD	Direxion Shares ETF Trust Direxion Daily AAPL Bear 1X ETF	100,324	$1,635,281
SE	Sea Ltd	19,462	$1,611,648
IONS	Ionis Pharmaceuticals Inc	21,447	$1,610,455
—		19,500	$1,598,610
META	Meta Platforms, Inc.	2,343	$1,340,500
AS	Amer Sports, Inc.	30,597	$1,007,253
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	30,450	$993,888
ARWR	Arrowhead Pharmaceuticals, Inc.	15,740	$986,898
NVO	Novo Nordisk A S	25,434	$934,699
JCI	Johnson Controls International plc	6,400	$838,080
BROS	Dutch Bros Inc.	11,594	$587,352
NKE	NIKE, Inc.	10,650	$562,533
BKF	iShares MSCI BIC ETF	13,000	$499,070
T	At&T Inc.	16,600	$481,234
SMMT	Summit Therapeutics Inc.	23,146	$438,848
ANEW	ProShares MSCI Transformational Changes ETF	12,379	$435,864
CMG	Chipotle Mexican Grill Inc	10,810	$346,028
PG	PROCTER & GAMBLE Co	1,500	$216,660
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

144 tracked positions · $187,594,091 total · as of Jun 30, 2026

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

Showing 1–50 of 144 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CRWV	CoreWeave, Inc. Technology	Added	89,780	+71,730	$8,936,701	+539.1%	4.76%
ORCL	Oracle Corp Technology	Added	52,266	+37,011	$7,659,582	+241.3%	4.08%
SNPS	Synopsys Inc Technology	Reduced	14,351	-22,175	$6,401,550	−55.8%	3.41%
IREN	IREN Ltd Financial Services	NEW	97,493	NEW	$4,458,354	NEW	2.38%
NBIS	Nebius Group N.V. Communication Services	NEW	15,633	NEW	$4,317,365	NEW	2.30%
AMD	Advanced Micro Devices Inc Technology	NEW	6,988	NEW	$4,059,399	NEW	2.16%
KLAC	Kla Corp Technology	NEW	13,302	NEW	$4,013,346	NEW	2.14%
PDD	PDD Holdings Inc. Consumer Cyclical	Added	52,199	+10,331	$3,981,739	−6.9%	2.12%
WDC	Western Digital Corp Technology	NEW	6,069	NEW	$3,876,391	NEW	2.07%
BE	Bloom Energy Corp Industrials	NEW	12,230	NEW	$3,702,021	NEW	1.97%
NOW	ServiceNow, Inc. Technology	NEW	32,604	NEW	$3,236,925	NEW	1.73%
COHR	Coherent Corp. Technology	Reduced	8,182	-1,846	$3,227,553	+35.1%	1.72%
CIEN	Ciena Corp Technology	NEW	6,409	NEW	$3,143,999	NEW	1.68%
TCOM	Trip.com Group Ltd Consumer Cyclical	NEW	74,235	NEW	$2,957,522	NEW	1.58%
NRG	Nrg Energy, Inc. Utilities	Added	20,007	+6,652	$2,922,222	+49.7%	1.56%
AAPL	Apple Inc. Technology	Added	9,652	+8,616	$2,792,902	+962.2%	1.49%
LITE	Lumentum Holdings Inc. Technology	Reduced	3,241	-1,050	$2,780,972	−7.8%	1.48%
AXTI	Axt Inc Technology	NEW	36,591	NEW	$2,637,479	NEW	1.41%
WOLF	Wolfspeed, Inc. Technology	NEW	52,554	NEW	$2,535,730	NEW	1.35%
BA	Boeing Co Industrials	Reduced	11,449	-5,887	$2,478,365	−28.2%	1.32%
CEG	Constellation Energy Corp Utilities	NEW	9,360	NEW	$2,324,743	NEW	1.24%
SAP	Sap SE Technology	NEW	14,778	NEW	$2,277,437	NEW	1.21%
GLW	Corning Inc /Ny Technology	NEW	8,751	NEW	$2,235,267	NEW	1.19%
AMAT	Applied Materials Inc /De Technology	NEW	3,064	NEW	$2,215,272	NEW	1.18%
QCOM	Qualcomm Inc/De Technology	NEW	11,714	NEW	$2,164,630	NEW	1.15%
FORM	Formfactor Inc Technology	NEW	13,243	NEW	$2,117,952	NEW	1.13%
ACMR	ACM Research, Inc. Technology	NEW	16,643	NEW	$2,111,830	NEW	1.13%
AEHR	Aehr Test Systems Technology	NEW	21,867	NEW	$2,100,544	NEW	1.12%
VSH	Vishay Intertechnology Inc Technology	NEW	35,901	NEW	$1,930,755	NEW	1.03%
TSEM	Tower Semiconductor Ltd Technology	NEW	7,137	NEW	$1,860,187	NEW	0.99%
MKSI	Mks Inc Technology	NEW	4,123	NEW	$1,833,910	NEW	0.98%
FUTU	Futu Holdings Ltd Financial Services	NEW	19,429	NEW	$1,821,274	NEW	0.97%
SITM	SITIME Corp Technology	NEW	2,292	NEW	$1,708,823	NEW	0.91%
ONTO	Onto Innovation Inc. Technology	NEW	4,432	NEW	$1,677,290	NEW	0.89%
PURR	Hyperliquid Strategies Inc Financial Services	NEW	212,366	NEW	$1,671,320	NEW	0.89%
LWLG	Lightwave Logic, Inc. Basic Materials	NEW	176,162	NEW	$1,666,492	NEW	0.89%
MDB	MongoDB, Inc. Technology	NEW	4,832	NEW	$1,623,068	NEW	0.87%
UMC	United Microelectronics Corp Technology	NEW	57,523	NEW	$1,565,200	NEW	0.83%
NOK	Nokia Corp Technology	NEW	115,367	NEW	$1,532,073	NEW	0.82%
ON	On Semiconductor Corp Technology	NEW	16,038	NEW	$1,516,232	NEW	0.81%
NU	Nu Holdings Ltd. Financial Services	NEW	111,244	NEW	$1,486,219	NEW	0.79%
DDOG	Datadog, Inc. Technology	NEW	5,106	NEW	$1,329,398	NEW	0.71%
TEM	Tempus AI, Inc. Healthcare	NEW	22,203	NEW	$1,286,219	NEW	0.69%
IBM	International Business Machines Corp Technology	NEW	4,430	NEW	$1,245,760	NEW	0.66%
NVTS	Navitas Semiconductor Corp Technology	NEW	69,453	NEW	$1,244,597	NEW	0.66%
STM	STMicroelectronics N.V. Technology	NEW	16,261	NEW	$1,217,786	NEW	0.65%
SKM	Sk Telecom Co Ltd Communication Services	NEW	35,849	NEW	$1,152,903	NEW	0.61%
POET	Poet Technologies Inc. Technology	NEW	105,694	NEW	$1,086,534	NEW	0.58%
PSIX	Power Solutions International, Inc. Industrials	NEW	26,718	NEW	$1,039,063	NEW	0.55%
ZM	Zoom Communications, Inc. Technology	NEW	11,629	NEW	$1,003,698	NEW	0.54%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.