CAPSTONE INVESTMENT ADVISORS, LLC Q1 2018 Filing

Filed May 15, 2018

Portfolio Value

$5.2B

Holdings

229

Report Date

Q1 2018

Filing Type

13F-HR

All Holdings (229 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	—POWERSHARES QQQ TRUST	2,821,571	$451.8M	8.64%	Put
2	SPYSPDR S&P 500 ETF TR	1,654,522	$435.4M	8.32%	Put
3	IWMISHARES TR	2,709,031	$411.3M	7.86%	Put
4	AMZNAMAZON COM INC	161,700	$234.0M	4.47%	Put
5	GOOGALPHABET INC	212,725	$219.5M	4.20%	Put
6	AAPLAPPLE INC	1,186,236	$199.0M	3.81%	Put
7	METAFACEBOOK INC	920,916	$147.2M	2.81%	Put
8	FXIISHARES TR	2,809,100	$132.7M	2.54%	Put
9	TWXCHFTIME WARNER INC	1,250,136	$118.2M	2.26%	Call
10	NXPINXP SEMICONDUCTORS N V	968,524	$113.3M	2.17%	Put
11	MSFTMICROSOFT CORP	1,214,885	$110.9M	2.12%	Put
12	JNJJOHNSON & JOHNSON	782,012	$100.2M	1.92%	Put
13	—AETNA INC NEW	549,694	$92.9M	1.78%	Put
14	—NXP SEMICONDUCTORS N V	72,000,000	$89.5M	1.71%
15	HYGISHARES TR	960,000	$82.2M	1.57%	Put
16	—SERVICENOW INC	35,043,000	$78.4M	1.50%
17	—ROCKWELL COLLINS INC	549,824	$74.1M	1.42%
18	XLUSELECT SECTOR SPDR TR	1,347,391	$68.1M	1.30%	Put
19	—BARCLAYS BK PLC	1,349,300	$63.8M	1.22%	Put
20	—MERCADOLIBRE INC	22,500,000	$63.7M	1.22%
21	GQ9SPDR GOLD TRUST	481,103	$60.5M	1.16%	Put
22	XLFISELECT SECTOR SPDR TR	1,122,780	$59.1M	1.13%	Put
23	EWYISHARES INC	750,000	$56.6M	1.08%	Call
24	—TESLA INC	52,500,000	$52.5M	1.00%
25	EEMISHARES TR	1,030,554	$49.8M	0.95%	Put
26	—MONSANTO CO NEW	417,000	$48.7M	0.93%	Call
27	—ORBITAL ATK INC	344,420	$45.7M	0.87%	Call
28	—ALON USA ENERGY INC	25,991,000	$39.7M	0.76%
29	TSLATESLA INC	146,711	$39.0M	0.75%	Put
30	—SOLARCITY CORP	39,500,000	$38.8M	0.74%
31	—NAVISTAR INTL CORP NEW	37,000,000	$38.2M	0.73%
32	AABAUSDALTABA INC	461,137	$34.1M	0.65%
33	—WHITING PETE CORP NEW	36,000,000	$34.1M	0.65%
34	—TEVA PHARMACEUTICAL FIN LLC	37,354,000	$32.9M	0.63%
35	PGPROCTER AND GAMBLE CO	400,307	$31.7M	0.61%	Put
36	IBMINTERNATIONAL BUSINESS MACHS	205,147	$31.5M	0.60%	Put
37	—VIPSHOP HLDGS LTD	29,000,000	$31.3M	0.60%
38	—DR PEPPER SNAPPLE GROUP INC	250,100	$29.6M	0.57%	Call
39	—IMPAX LABORATORIES INC	29,500,000	$29.4M	0.56%
40	—DOWDUPONT INC	432,352	$27.5M	0.53%	Call
41	VGR V2.5 01/15/19VECTOR GROUP LTD	19,000,000	$27.3M	0.52%
42	—REDWOOD TR INC	25,000,000	$25.1M	0.48%
43	—BROOKDALE SR LIVING INC	24,941,000	$25.0M	0.48%
44	TAT&T INC	693,700	$24.7M	0.47%	Put
45	—CTRIP COM INTL LTD	20,000,000	$24.4M	0.47%
46	—MEDICINES CO	25,000,000	$24.1M	0.46%
47	—VALIDUS HOLDINGS LTD	356,881	$24.1M	0.46%
48	KMIKINDER MORGAN INC DEL	1,578,873	$23.8M	0.45%	Put
49	WMTWALMART INC	260,491	$23.2M	0.44%	Put
50	—PATTERN ENERGY GROUP INC	22,740,000	$22.5M	0.43%
51	—TWO HBRS INVT CORP	21,500,000	$22.5M	0.43%
52	—GRANITE PT MTG TR INC	22,500,000	$22.1M	0.42%
53	—MICROSEMI CORP	338,787	$21.9M	0.42%	Put
54	EWHISHARES INC	820,488	$20.8M	0.40%	Put
55	—XL GROUP LTD	374,167	$20.7M	0.40%	Put
56	—DST SYS INC DEL	243,537	$20.4M	0.39%
57	BABAALIBABA GROUP HLDG LTD	109,600	$20.1M	0.38%	Put
58	—CORNERSTONE ONDEMAND INC	20,000,000	$20.0M	0.38%
59	RWT 4.75 08/15/23REDWOOD TR INC	20,000,000	$19.4M	0.37%
60	—GOLAR LNG LTD	17,500,000	$17.9M	0.34%
61	DELLDELL TECHNOLOGIES INC	234,700	$17.2M	0.33%	Put
62	GSGOLDMAN SACHS GROUP INC	63,836	$16.1M	0.31%	Put
63	—NAVISTAR INTL CORP NEW	15,000,000	$15.2M	0.29%
64	VRSN 3.25 08/15/37VERISIGN INC	127,500	$15.1M	0.29%	Put
65	—MEDICINES CO	13,000,000	$15.0M	0.29%
66	—TESLA INC	15,000,000	$14.9M	0.29%
67	BKNGBOOKING HLDGS INC	7,117	$14.8M	0.28%	Put
68	—IRONWOOD PHARMACEUTICALS INC	12,000,000	$14.2M	0.27%
69	—CHESAPEAKE ENERGY CORP	16,000,000	$13.9M	0.26%
70	—UNISYS CORP	10,500,000	$13.8M	0.26%
71	MCHP 1.625 02/15/25MICROCHIP TECHNOLOGY INC	7,500,000	$13.3M	0.25%
72	—NUVASIVE INC	12,000,000	$13.2M	0.25%
73	—CIENA CORP	9,910,000	$13.1M	0.25%
74	GECBLE 4.5 11/15/29GENERAL CABLE CORP DEL NEW	12,000,000	$12.7M	0.24%
75	—MULESOFT INC	279,840	$12.3M	0.24%
76	—BLACKHAWK NETWORK HLDGS INC	268,881	$12.0M	0.23%
77	—TWENTY FIRST CENTY FOX INC	314,873	$11.6M	0.22%	Call
78	HLFHERBALIFE LTD	112,202	$10.9M	0.21%	Put
79	—BLACKSTONE MTG TR INC	11,000,000	$10.9M	0.21%
80	XLKSELECT SECTOR SPDR TR	160,001	$10.5M	0.20%	Put
81	—ORBOTECH LTD	159,784	$9.9M	0.19%
82	QCOMQUALCOMM INC	169,714	$9.4M	0.18%	Put
83	—TRONOX LTD	500,000	$9.2M	0.18%	Put
84	—MICROCHIP TECHNOLOGY INC	7,500,000	$9.0M	0.17%
85	EXASEXACT SCIENCES CORP	10,000,000	$8.9M	0.17%
86	—CLEVELAND CLIFFS INC	8,000,000	$8.7M	0.17%
87	VMWEURVMWARE INC	70,000	$8.5M	0.16%	Put
88	—MEDIDATA SOLUTIONS INC	7,500,000	$8.5M	0.16%
89	CICIGNA CORPORATION	50,000	$8.4M	0.16%	Call
90	TRCOTRIBUNE MEDIA CO	206,496	$8.4M	0.16%
91	—INSULET CORP	5,000,000	$7.8M	0.15%
92	—ALLERGAN PLC	45,941	$7.7M	0.15%	Put
93	—CAVIUM INC	96,554	$7.7M	0.15%
94	—BUNGE LIMITED	100,000	$7.4M	0.14%	Call
95	STCSTEWART INFORMATION SVCS COR	165,222	$7.3M	0.14%
96	AVGOBROADCOM LTD	30,717	$7.2M	0.14%
97	—ACORDA THERAPEUTICS INC	7,873,000	$7.2M	0.14%
98	CATCATERPILLAR INC DEL	46,191	$6.8M	0.13%	Put
99	RHRH	71,300	$6.8M	0.13%	Put
100	—HERBALIFE LTD	5,500,000	$6.7M	0.13%

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