CAPSTONE INVESTMENT ADVISORS, LLC Q1 2025 Filing
Filed May 15, 2025
Portfolio Value
$37.8B
Holdings
701
Report Date
Q1 2025
Filing Type
13F-HR
All Holdings (701 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 16,734,922 | $9.4T | 24747.53% | Put |
| 2 | TSLATESLA INC | 10,764,854 | $2.8T | 7375.13% | Put |
| 3 | AMZNAMAZON COM INC | 14,533,195 | $2.8T | 7309.74% | Put |
| 4 | NVDANVIDIA CORPORATION | 24,402,223 | $2.6T | 6991.53% | Put |
| 5 | MSFTMICROSOFT CORP | 5,490,086 | $2.1T | 5448.23% | Put |
| 6 | NDQINVESCO QQQ TR | 3,655,544 | $1.7T | 4531.52% | Put |
| 7 | GOOGLALPHABET INC | 7,750,863 | $1.2T | 3168.58% | Put |
| 8 | AAPLAPPLE INC | 5,051,934 | $1.1T | 2966.60% | Put |
| 9 | IWMISHARES TR | 3,201,378 | $638.6B | 1688.31% | Put |
| 10 | GQ9SPDR GOLD TR | 1,976,823 | $569.6B | 1505.79% | Put |
| 11 | IVVISHARES TR | 956,191 | $537.3B | 1420.36% | |
| 12 | GOOGALPHABET INC | 3,198,867 | $499.8B | 1321.16% | Put |
| 13 | HYGISHARES TR | 6,291,801 | $496.4B | 1312.17% | Put |
| 14 | AMDADVANCED MICRO DEVICES INC | 3,462,623 | $355.7B | 940.46% | Put |
| 15 | EEMISHARES TR | 7,884,689 | $344.6B | 910.88% | Put |
| 16 | METAMETA PLATFORMS INC | 518,627 | $298.9B | 790.21% | Put |
| 17 | AVGOBROADCOM INC | 1,558,012 | $260.9B | 689.60% | Put |
| 18 | BRK/BBERKSHIRE HATHAWAY INC DEL | 474,012 | $252.4B | 667.37% | Put |
| 19 | GDXVANECK ETF TRUST | 4,580,200 | $210.6B | 556.61% | Put |
| 20 | XLFSELECT SECTOR SPDR TR | 3,841,085 | $191.3B | 505.78% | Put |
| 21 | XOPSPDR SER TR | 1,442,500 | $190.0B | 502.26% | Put |
| 22 | JPMJPMORGAN CHASE & CO. | 718,809 | $176.3B | 466.13% | Put |
| 23 | WMTWALMART INC | 1,544,508 | $135.6B | 358.45% | Put |
| 24 | FXIISHARES TR | 3,658,600 | $131.1B | 346.64% | Put |
| 25 | NVMI 0 10/15/25NOVA LTD | 50,702,000 | $124.9B | 330.20% | |
| 26 | SMHVANECK ETF TRUST | 576,076 | $121.8B | 322.05% | Put |
| 27 | LLYELI LILLY & CO | 134,018 | $110.7B | 292.61% | Put |
| 28 | XLESELECT SECTOR SPDR TR | 1,169,600 | $109.3B | 288.94% | Put |
| 29 | VOOVANGUARD INDEX FDS | 205,787 | $105.8B | 279.58% | |
| 30 | ABBVABBVIE INC | 495,157 | $103.7B | 274.26% | Put |
| 31 | X 5 11/01/26UNITED STATES STL CORP | 31,584,000 | $100.0B | 264.43% | |
| 32 | VVISA INC | 284,500 | $99.7B | 263.58% | Put |
| 33 | COSTCOSTCO WHSL CORP NEW | 105,227 | $99.5B | 263.09% | Put |
| 34 | ZS 0.125 07/01/25ZSCALER INC | 71,500,000 | $95.0B | 251.01% | |
| 35 | BACBANK AMERICA CORP | 2,260,841 | $94.3B | 249.41% | Put |
| 36 | PLTRPALANTIR TECHNOLOGIES INC | 1,095,990 | $92.5B | 244.54% | Put |
| 37 | IBMINTERNATIONAL BUSINESS MACHS | 359,439 | $89.4B | 236.28% | Put |
| 38 | UNHUNITEDHEALTH GROUP INC | 167,054 | $87.5B | 231.30% | Put |
| 39 | NFLXNETFLIX INC | 90,244 | $84.2B | 222.47% | Put |
| 40 | JNJJOHNSON & JOHNSON | 498,300 | $82.6B | 218.46% | Put |
| 41 | VRNS 1.25 08/15/25VARONIS SYS INC | 61,779,000 | $82.4B | 217.95% | |
| 42 | XLBSELECT SECTOR SPDR TR | 943,212 | $81.1B | 214.39% | Put |
| 43 | MAMASTERCARD INCORPORATED | 146,734 | $80.4B | 212.62% | Put |
| 44 | HDHOME DEPOT INC | 218,682 | $80.1B | 211.87% | Put |
| 45 | CRMSALESFORCE INC | 267,437 | $71.8B | 189.73% | Put |
| 46 | SCHWSCHWAB CHARLES CORP | 899,285 | $70.4B | 186.10% | Put |
| 47 | LQDISHARES TR | 629,601 | $68.4B | 180.90% | Put |
| 48 | INVA 2.5 08/15/25INNOVIVA INC | 60,630,000 | $66.8B | 176.55% | |
| 49 | MUMICRON TECHNOLOGY INC | 760,579 | $66.1B | 174.71% | Put |
| 50 | XOMEXXON MOBIL CORP | 555,430 | $66.1B | 174.63% | Put |
| 51 | NEO 1.25 05/01/25NEOGENOMICS INC | 65,777,000 | $65.6B | 173.45% | |
| 52 | ABNB 0 03/15/26AIRBNB INC | 67,681,000 | $64.8B | 171.23% | |
| 53 | ORCLORACLE CORP | 458,366 | $64.1B | 169.41% | Put |
| 54 | WFCWELLS FARGO CO NEW | 889,784 | $63.9B | 168.87% | Put |
| 55 | TDOC 0.875 06/01/25LIVONGO HEALTH INC | 63,621,000 | $63.1B | 166.93% | |
| 56 | INSM 0.75 06/01/28INSMED INC | 26,531,000 | $63.0B | 166.44% | |
| 57 | NET 0 08/15/26CLOUDFLARE INC | 61,426,000 | $61.8B | 163.32% | |
| 58 | XLISELECT SECTOR SPDR TR | 469,400 | $61.5B | 162.64% | Put |
| 59 | DWDMORGAN STANLEY | 525,792 | $61.3B | 162.17% | Put |
| 60 | IDCC 3.5 06/01/27INTERDIGITAL INC | 22,532,000 | $60.6B | 160.11% | |
| 61 | DISDISNEY WALT CO | 605,768 | $59.8B | 158.06% | Put |
| 62 | KOCOCA COLA CO | 833,453 | $59.7B | 157.80% | Put |
| 63 | ADBEADOBE INC | 153,533 | $58.9B | 155.67% | Put |
| 64 | INTCINTEL CORP | 2,517,006 | $57.2B | 151.11% | Put |
| 65 | IBITISHARES BITCOIN TRUST ETF | 1,219,690 | $57.1B | 150.93% | Put |
| 66 | QCOMQUALCOMM INC | 355,436 | $54.6B | 144.34% | Put |
| 67 | MCDMCDONALDS CORP | 174,300 | $54.4B | 143.93% | Put |
| 68 | FYBRFRONTIER COMMUNICATIONS PARE | 1,485,000 | $53.3B | 140.78% | |
| 69 | FOUR 0 12/15/25SHIFT4 PMTS INC | 46,141,000 | $53.0B | 140.15% | |
| 70 | IONS 0 04/01/26IONIS PHARMACEUTICALS INC | 50,950,000 | $50.1B | 132.57% | |
| 71 | CNX 2.25 05/01/26CNX RES CORP | 20,104,000 | $49.5B | 130.93% | |
| 72 | DOCN 0 12/01/26DIGITALOCEAN HLDGS INC | 52,590,000 | $49.1B | 129.72% | |
| 73 | BABOEING CO | 281,658 | $48.0B | 126.99% | Put |
| 74 | CSCOCISCO SYS INC | 778,171 | $48.0B | 126.95% | Put |
| 75 | DDOG 0.125 06/15/25DATADOG INC | 42,000,000 | $47.2B | 124.74% | |
| 76 | 4I1PHILIP MORRIS INTL INC | 293,901 | $46.7B | 123.33% | Put |
| 77 | TMUST-MOBILE US INC | 174,000 | $46.4B | 122.68% | Put |
| 78 | XMESPDR SER TR | 818,733 | $45.8B | 121.18% | Put |
| 79 | ABTABBOTT LABS | 333,366 | $44.2B | 116.90% | Put |
| 80 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 45,110,000 | $44.1B | 116.54% | |
| 81 | PR 3.25 04/01/28PERMIAN RESOURCES CORP | 17,607,000 | $42.9B | 113.31% | |
| 82 | AKAM 0.125 05/01/25AKAMAI TECHNOLOGIES INC | 42,867,000 | $42.8B | 113.10% | |
| 83 | CVXCHEVRON CORP NEW | 255,081 | $42.7B | 112.81% | Put |
| 84 | BXBLACKSTONE INC | 297,536 | $41.6B | 109.95% | Put |
| 85 | RDDTREDDIT INC | 391,486 | $41.1B | 108.56% | Put |
| 86 | LINLINDE PLC | 87,500 | $40.7B | 107.71% | Put |
| 87 | PGPROCTER AND GAMBLE CO | 238,706 | $40.7B | 107.54% | Put |
| 88 | XERSXERIS BIOPHARMA HOLDINGS INC | 20,900,000 | $39.9B | 105.45% | |
| 89 | MRKMERCK & CO INC | 441,426 | $39.6B | 104.75% | Put |
| 90 | RTXRTX CORPORATION | 293,497 | $38.9B | 102.77% | Put |
| 91 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 233,945 | $38.8B | 102.66% | Put |
| 92 | ACNACCENTURE PLC IRELAND | 123,560 | $38.6B | 101.93% | Put |
| 93 | DXCM 0.25 11/15/25DEXCOM INC | 39,533,000 | $38.6B | 101.92% | |
| 94 | GSGOLDMAN SACHS GROUP INC | 70,519 | $38.5B | 101.84% | Put |
| 95 | ECPG 3.25 10/01/25ENCORE CAP GROUP INC | 36,489,000 | $38.0B | 100.37% | |
| 96 | TAT&T INC | 1,247,200 | $35.3B | 93.24% | Put |
| 97 | UBERUBER TECHNOLOGIES INC | 477,292 | $34.8B | 91.93% | Put |
| 98 | AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC | 36,000,000 | $34.4B | 90.89% | |
| 99 | AXPAMERICAN EXPRESS CO | 125,382 | $33.7B | 89.18% | Put |
| 100 | USMVISHARES TR | 353,001 | $33.1B | 87.40% |
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