CAPSTONE INVESTMENT ADVISORS, LLC Q2 2023 Filing

Filed August 10, 2023

Portfolio Value

$20.2B

Holdings

971

Report Date

Q2 2023

Filing Type

13F-HR

All Holdings (971 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NDQINVESCO QQQ TR	16,882,702	$6.2B	30.82%	Put
2	AAPLAPPLE INC	5,341,701	$1.0B	5.12%	Put
3	SPYSPDR S&P 500 ETF TR	2,310,000	$1.0B	5.06%	Put
4	MSFTMICROSOFT CORP	1,753,067	$597.0M	2.95%	Put
5	AMZNAMAZON COM INC	3,487,125	$454.6M	2.25%	Put
6	NVDANVIDIA CORPORATION	859,288	$363.5M	1.80%	Put
7	HYGISHARES TR	4,813,120	$361.3M	1.79%	Put
8	XLKSELECT SECTOR SPDR TR	1,916,000	$333.1M	1.65%	Put
9	GQ9SPDR GOLD TR	1,609,989	$287.0M	1.42%	Put
10	METAMETA PLATFORMS INC	974,656	$279.7M	1.38%	Put
11	EEMISHARES TR	6,842,100	$270.7M	1.34%	Put
12	TSLATESLA INC	1,011,763	$264.8M	1.31%	Put
13	GOOGLALPHABET INC	1,721,986	$206.1M	1.02%	Put
14	GOOGALPHABET INC	1,567,855	$189.7M	0.94%	Put
15	XLCSELECT SECTOR SPDR TR	2,143,000	$139.5M	0.69%	Put
16	XLVSELECT SECTOR SPDR TR	928,000	$123.2M	0.61%	Put
17	UNHUNITEDHEALTH GROUP INC	242,700	$116.7M	0.58%	Put
18	XLYSELECT SECTOR SPDR TR	648,700	$110.2M	0.54%	Put
19	XLFSELECT SECTOR SPDR TR	2,898,400	$97.7M	0.48%	Put
20	NSIT 0.75 02/15/25INSIGHT ENTERPRISES INC	45,320,000	$97.2M	0.48%
21	JPMJPMORGAN CHASE & CO	656,439	$95.5M	0.47%	Put
22	USMVISHARES TR	1,256,000	$93.4M	0.46%
23	ORCLORACLE CORP	749,200	$89.2M	0.44%	Put
24	NVMI 0 10/15/25NOVA LTD	55,544,000	$89.0M	0.44%
25	CSCOCISCO SYS INC	1,676,200	$86.7M	0.43%	Put
26	TSMTAIWAN SEMICONDUCTOR MFG LTD	843,967	$85.2M	0.42%	Call
27	COSTCOSTCO WHSL CORP NEW	145,833	$78.5M	0.39%	Put
28	LQDISHARES TR	707,500	$76.5M	0.38%	Put
29	IWMISHARES TR	408,476	$76.5M	0.38%	Put
30	BRK/BBERKSHIRE HATHAWAY INC DEL	223,800	$76.3M	0.38%	Put
31	HDHOME DEPOT INC	244,300	$75.9M	0.37%	Put
32	NFLXNETFLIX INC	172,092	$75.8M	0.37%	Put
33	CRMSALESFORCE INC	357,511	$75.5M	0.37%	Put
34	MDB 0.25 01/15/26MONGODB INC	37,800,000	$75.3M	0.37%
35	XLISELECT SECTOR SPDR TR	699,600	$75.1M	0.37%	Put
36	AVGOBROADCOM INC	85,120	$73.8M	0.36%	Put
37	DISDISNEY WALT CO	823,978	$73.6M	0.36%	Put
38	FCN 2 08/15/23FTI CONSULTING INC	37,500,000	$70.6M	0.35%
39	BACBANK AMERICA CORP	2,420,697	$69.4M	0.34%	Put
40	TXNTEXAS INSTRS INC	383,700	$69.1M	0.34%	Put
41	XLFISELECT SECTOR SPDR TR	901,100	$66.8M	0.33%	Put
42	ABBVABBVIE INC	477,673	$64.4M	0.32%	Put
43	GSGOLDMAN SACHS GROUP INC	197,534	$63.7M	0.31%	Put
44	KBR 2.5 11/01/23KBR INC	24,478,000	$62.7M	0.31%
45	MAMASTERCARD INCORPORATED	157,845	$62.1M	0.31%	Put
46	PGPROCTER AND GAMBLE CO	401,184	$60.9M	0.30%	Put
47	LLYLILLY ELI & CO	128,300	$60.2M	0.30%	Put
48	INSM 0.75 06/01/28INSMED INC	69,981,000	$59.0M	0.29%
49	PANW 0.375 06/01/25PALO ALTO NETWORKS INC	22,850,000	$58.9M	0.29%
50	VVISA INC	246,521	$58.5M	0.29%	Put
51	EFAISHARES TR	800,000	$58.0M	0.29%	Put
52	XOMEXXON MOBIL CORP	522,495	$56.0M	0.28%	Put
53	WMTWALMART INC	350,400	$55.1M	0.27%	Put
54	CATCATERPILLAR INC	222,033	$54.6M	0.27%	Put
55	JNJJOHNSON & JOHNSON	328,986	$54.5M	0.27%	Put
56	LTHM 4.125 07/15/25LIVENT CORP	16,973,000	$54.4M	0.27%
57	PFEPFIZER INC	1,410,763	$51.7M	0.26%	Put
58	CVXCHEVRON CORP NEW	316,621	$49.8M	0.25%	Put
59	TMOTHERMO FISHER SCIENTIFIC INC	94,548	$49.3M	0.24%	Put
60	—COPA HOLDINGS SA	21,900,000	$48.5M	0.24%
61	Z 0.75 09/01/24ZILLOW GROUP INC	38,146,000	$47.2M	0.23%
62	DHRDANAHER CORPORATION	193,177	$46.4M	0.23%	Put
63	ATVIEURACTIVISION BLIZZARD INC	543,900	$45.9M	0.23%	Put
64	ECPG 3.25 10/01/25ENCORE CAP GROUP INC	33,424,000	$44.2M	0.22%
65	VMWEURVMWARE INC	295,000	$42.4M	0.21%	Put
66	PEPPEPSICO INC	228,471	$42.3M	0.21%	Put
67	ZS 0.125 07/01/25ZSCALER INC	35,200,000	$41.2M	0.20%
68	NKENIKE INC	368,522	$40.7M	0.20%	Put
69	—IRONWOOD PHARMACEUTICALS INC	40,200,000	$40.6M	0.20%
70	ADBEADOBE SYSTEMS INCORPORATED	76,415	$37.4M	0.18%	Put
71	AKAM 0.125 05/01/25AKAMAI TECHNOLOGIES INC	34,514,000	$37.0M	0.18%
72	TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC	44,393,000	$35.7M	0.18%
73	XLESELECT SECTOR SPDR TR	419,647	$34.1M	0.17%	Put
74	BACVERIZON COMMUNICATIONS INC	915,142	$34.0M	0.17%	Put
75	CVSCVS HEALTH CORP	491,699	$34.0M	0.17%	Put
76	EYE 2.5 05/15/25NATIONAL VISION HLDGS INC	32,235,000	$33.8M	0.17%
77	—CONMED CORP	21,744,000	$33.5M	0.17%
78	AMDADVANCED MICRO DEVICES INC	292,600	$33.3M	0.16%	Put
79	KOCOCA COLA CO	548,600	$33.0M	0.16%	Put
80	QCOMQUALCOMM INC	276,484	$32.9M	0.16%	Put
81	DXCM 0.75 12/01/23DEXCOM INC	10,000,000	$31.2M	0.15%
82	DWDMORGAN STANLEY	361,880	$30.9M	0.15%	Put
83	SBUXSTARBUCKS CORP	310,941	$30.8M	0.15%	Put
84	JAZZ 1.5 08/15/24JAZZ INVESTMENTS I LTD	31,500,000	$30.1M	0.15%
85	ACNACCENTURE PLC IRELAND	96,685	$29.8M	0.15%	Put
86	UPSUNITED PARCEL SERVICE INC	166,203	$29.8M	0.15%	Put
87	FXIISHARES TR	1,090,148	$29.6M	0.15%	Put
88	X 5 11/01/26UNITED STATES STL CORP	15,000,000	$29.4M	0.15%
89	INTCINTEL CORP	871,143	$29.1M	0.14%	Put
90	SCHWSCHWAB CHARLES CORP	506,860	$28.7M	0.14%	Put
91	DDOG 0.125 06/15/25DATADOG INC	23,000,000	$28.7M	0.14%
92	ADIANALOG DEVICES INC	146,500	$28.5M	0.14%	Put
93	LITE 0.25 03/15/24LUMENTUM HLDGS INC	26,510,000	$28.2M	0.14%
94	IBMINTERNATIONAL BUSINESS MACHS	208,300	$27.9M	0.14%	Put
95	NOWSERVICENOW INC	49,258	$27.7M	0.14%	Put
96	PRGSPROGRESS SOFTWARE CORP	25,000,000	$27.5M	0.14%
97	CNK 4.5 08/15/25CINEMARK HLDGS INC	20,000,000	$27.4M	0.14%
98	NTRA 2.25 05/01/27NATERA INC	18,857,000	$27.3M	0.13%
99	BMYBRISTOL-MYERS SQUIBB CO	421,075	$26.9M	0.13%	Put
100	LVLNSPDR SER TR	657,223	$26.8M	0.13%

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