CAPSTONE INVESTMENT ADVISORS, LLC Q1 2020 Filing

Filed May 15, 2020

Portfolio Value

$6.2B

Holdings

495

Report Date

Q1 2020

Filing Type

13F-HR

All Holdings (495 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NDQINVESCO QQQ TR	3,182,233	$605.9M	9.74%	Put
2	SPYSPDR S&P 500 ETF TR	902,200	$232.5M	3.74%	Put
3	EFAISHARES TR	4,017,353	$214.8M	3.45%	Put
4	AAPLAPPLE INC	709,145	$180.3M	2.90%	Put
5	AMZNAMAZON COM INC	90,389	$176.2M	2.83%	Put
6	MSFTMICROSOFT CORP	1,058,318	$166.9M	2.68%	Put
7	FXIISHARES TR	3,445,840	$129.4M	2.08%	Put
8	EEMISHARES TR	2,934,196	$100.1M	1.61%	Put
9	METAFACEBOOK INC	551,811	$92.0M	1.48%	Put
10	—ALLERGAN PLC	436,210	$77.3M	1.24%	Put
11	IWMISHARES TR	670,000	$76.7M	1.23%	Put
12	BRK/BBERKSHIRE HATHAWAY INC DEL	394,924	$72.2M	1.16%	Put
13	XOMEXXON MOBIL CORP	1,870,625	$71.0M	1.14%	Put
14	VVISA INC	358,260	$57.7M	0.93%	Put
15	GOOGALPHABET INC	43,493	$50.6M	0.81%	Put
16	HYGISHARES TR	611,100	$47.1M	0.76%	Put
17	CVXCHEVRON CORP NEW	627,012	$45.4M	0.73%	Put
18	UNPUNION PAC CORP	307,678	$43.4M	0.70%	Put
19	LLYLILLY ELI & CO	309,500	$42.9M	0.69%	Put
20	UNHUNITEDHEALTH GROUP INC	170,449	$42.5M	0.68%	Put
21	RTN1USDRAYTHEON CO	313,940	$41.2M	0.66%	Put
22	TRVCCITIGROUP INC	976,908	$41.1M	0.66%	Put
23	CICIGNA CORP NEW	210,700	$37.3M	0.60%	Put
24	PGPROCTER & GAMBLE CO	329,500	$36.2M	0.58%	Put
25	ABTABBOTT LABS	448,700	$35.4M	0.57%	Put
26	ELVANTHEM INC	153,154	$34.8M	0.56%	Put
27	JPMJPMORGAN CHASE & CO	384,900	$34.7M	0.56%	Put
28	MRKMERCK & CO. INC	435,600	$33.5M	0.54%	Put
29	WFCWELLS FARGO CO NEW	1,139,901	$32.7M	0.53%	Put
30	4I1PHILIP MORRIS INTL INC	444,900	$32.5M	0.52%	Put
31	WMTWALMART INC	284,150	$32.3M	0.52%	Put
32	NFLXNETFLIX INC	84,694	$31.8M	0.51%	Put
33	PFEPFIZER INC	953,200	$31.1M	0.50%	Put
34	LOWLOWES COS INC	357,689	$30.8M	0.49%	Put
35	NSCNORFOLK SOUTHERN CORP	204,211	$29.8M	0.48%	Put
36	ORCLORACLE CORP	605,300	$29.3M	0.47%	Put
37	SOSOUTHERN CO	526,439	$28.5M	0.46%	Put
38	CMECME GROUP INC	159,228	$27.5M	0.44%	Put
39	TMOTHERMO FISHER SCIENTIFIC INC	93,700	$26.6M	0.43%	Put
40	BAXBAXTER INTL INC	325,200	$26.4M	0.42%	Put
41	ZTSZOETIS INC	219,501	$25.8M	0.42%	Put
42	ACNACCENTURE PLC IRELAND	157,366	$25.7M	0.41%	Put
43	CSXCSX CORP	445,285	$25.5M	0.41%	Put
44	—BARCLAYS BK PLC	545,800	$25.2M	0.41%	Put
45	INTUINTUIT	108,352	$24.9M	0.40%	Put
46	XLNXEURXILINX INC	319,401	$24.9M	0.40%	Put
47	YUMYUM BRANDS INC	357,126	$24.5M	0.39%	Put
48	—CTRIP COM INTL LTD	25,000,000	$24.4M	0.39%
49	SHWSHERWIN WILLIAMS CO	51,931	$23.9M	0.38%	Put
50	—CLEVELAND CLIFFS INC	33,193,000	$23.6M	0.38%
51	HONHONEYWELL INTL INC	174,700	$23.4M	0.38%	Put
52	XOPSPDR SER TR	696,600	$22.9M	0.37%	Put
53	PGRPROGRESSIVE CORP OHIO	309,500	$22.9M	0.37%	Put
54	SYKSTRYKER CORP	137,200	$22.8M	0.37%	Put
55	PNCPNC FINL SVCS GROUP INC	234,306	$22.4M	0.36%	Put
56	—TWO HBRS INVT CORP	25,000,000	$22.3M	0.36%
57	BDXBECTON DICKINSON & CO	97,107	$22.3M	0.36%	Put
58	LINLINDE PLC	126,800	$21.9M	0.35%	Put
59	CLCOLGATE PALMOLIVE CO	328,100	$21.8M	0.35%	Put
60	HUMHUMANA INC	65,500	$20.6M	0.33%	Put
61	EWEDWARDS LIFESCIENCES CORP	108,765	$20.5M	0.33%	Put
62	—CAESARS ENTMT CORP	19,000,000	$20.3M	0.33%
63	—GOLAR LNG LTD	31,700,000	$20.3M	0.33%
64	PSAPUBLIC STORAGE	101,962	$20.3M	0.33%	Put
65	MDTMEDTRONIC PLC	219,800	$19.8M	0.32%	Put
66	CHTRCHARTER COMMUNICATIONS INC N	44,600	$19.5M	0.31%	Put
67	BLKCHFBLACKROCK INC	43,700	$19.2M	0.31%	Put
68	AXPAMERICAN EXPRESS CO	218,894	$18.7M	0.30%	Put
69	VLOVALERO ENERGY CORP	408,275	$18.5M	0.30%	Put
70	EBAEBAY INC	615,202	$18.5M	0.30%	Put
71	CSCOCISCO SYS INC	469,100	$18.4M	0.30%	Put
72	BACBK OF AMERICA CORP	867,200	$18.4M	0.30%	Put
73	TFCTRUIST FINL CORP	596,432	$18.4M	0.30%	Put
74	DDDUPONT DE NEMOURS INC	538,748	$18.4M	0.30%	Put
75	VRTXVERTEX PHARMACEUTICALS INC	75,700	$18.0M	0.29%	Put
76	BMYBRISTOL-MYERS SQUIBB CO	321,700	$17.9M	0.29%	Put
77	AMTAMERICAN TOWER CORP NEW	82,300	$17.9M	0.29%	Put
78	UPSUNITED PARCEL SERVICE INC	191,600	$17.9M	0.29%	Put
79	COFCAPITAL ONE FINL CORP	353,307	$17.8M	0.29%	Put
80	ELLAUDER ESTEE COS INC	109,667	$17.5M	0.28%	Put
81	SLBSCHLUMBERGER LTD	1,293,749	$17.5M	0.28%	Put
82	COSTCOSTCO WHSL CORP NEW	60,365	$17.2M	0.28%	Put
83	KLACKLA CORPORATION	119,424	$17.2M	0.28%	Put
84	HDHOME DEPOT INC	91,800	$17.1M	0.28%	Put
85	SPGSIMON PPTY GROUP INC NEW	312,385	$17.1M	0.28%	Put
86	CMCSACOMCAST CORP NEW	488,400	$16.8M	0.27%	Put
87	NOCNORTHROP GRUMMAN CORP	55,000	$16.6M	0.27%	Put
88	COPCONOCOPHILLIPS	538,200	$16.6M	0.27%	Put
89	DISDISNEY WALT CO	171,000	$16.5M	0.27%	Put
90	NEENEXTERA ENERGY INC	67,600	$16.3M	0.26%	Put
91	EMREMERSON ELEC CO	336,784	$16.0M	0.26%	Put
92	INTCINTEL CORP	294,700	$15.9M	0.26%	Put
93	USBUS BANCORP DEL	460,951	$15.9M	0.26%	Put
94	ALSALLSTATE CORP	172,357	$15.8M	0.25%	Put
95	GOOGLALPHABET INC	13,300	$15.5M	0.25%	Put
96	MPCMARATHON PETE CORP	651,210	$15.4M	0.25%	Put
97	GMGENERAL MTRS CO	736,208	$15.3M	0.25%	Put
98	CATCATERPILLAR INC DEL	131,309	$15.2M	0.25%	Put
99	BIIBBIOGEN INC	47,300	$15.0M	0.24%	Put
100	ADPAUTOMATIC DATA PROCESSING IN	109,200	$14.9M	0.24%	Put

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