CAPSTONE INVESTMENT ADVISORS, LLC Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$40.4B

Holdings

964

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (964 positions)

#	Stock	Shares	Value	% Portfolio	Type
301	AIGAMERICAN INTL GROUP INC	58,500	$5.0M	0.01%	Put
302	VSTVISTRA CORP	25,695	$5.0M	0.01%	Put
303	ABGCENCORA INC	16,600	$5.0M	0.01%	Put
304	OSONESTREAM INC	175,000	$5.0M	0.01%
305	MCHP 0.75 06/01/30MICROCHIP TECHNOLOGY INC.	5,000,000	$4.9M	0.01%
306	PCARPACCAR INC	51,908	$4.9M	0.01%	Put
307	PCRX 2.125 05/15/29PACIRA BIOSCIENCES INC	5,000,000	$4.9M	0.01%
308	APAAPA CORPORATION	267,837	$4.9M	0.01%	Put
309	CDLX 4.25 04/01/29CARDLYTICS INC	12,145,000	$4.9M	0.01%
310	STZCONSTELLATION BRANDS INC	29,849	$4.9M	0.01%	Put
311	EWEDWARDS LIFESCIENCES CORP	61,700	$4.8M	0.01%	Put
312	ACIALBERTSONS COS INC	223,700	$4.8M	0.01%
313	DASHDOORDASH INC	19,334	$4.8M	0.01%	Put
314	GES 3.75 04/15/28GUESS INC	5,000,000	$4.8M	0.01%
315	BUDANHEUSER BUSCH INBEV SA/NV	68,800	$4.7M	0.01%
316	MCKMCKESSON CORP	6,404	$4.7M	0.01%	Call
317	CLSKCLEANSPARK INC	413,400	$4.6M	0.01%	Put
318	CITCINTAS CORP	20,450	$4.6M	0.01%	Put
319	AFLAFLAC INC	42,439	$4.5M	0.01%	Put
320	FTNTFORTINET INC	42,300	$4.5M	0.01%	Put
321	DOWDOW INC	167,896	$4.4M	0.01%	Put
322	AG8AGILENT TECHNOLOGIES INC	37,566	$4.4M	0.01%	Put
323	AAOI 5.25 12/15/26APPLIED OPTOELECTRONICS INC	2,500,000	$4.4M	0.01%
324	NXPINXP SEMICONDUCTORS N V	20,010	$4.4M	0.01%	Put
325	LENLENNAR CORP	39,307	$4.3M	0.01%	Put
326	ARAY 3.75 06/01/26ACCURAY INC DEL	4,500,000	$4.2M	0.01%
327	CCLCARNIVAL CORP	150,163	$4.2M	0.01%	Put
328	ETWOGBPE2OPEN PARENT HOLDINGS INC	1,300,000	$4.2M	0.01%
329	WMBWILLIAMS COS INC	66,693	$4.2M	0.01%	Put
330	GEHCGE HEALTHCARE TECHNOLOGIES I	55,887	$4.1M	0.01%	Put
331	FQIDIGITAL RLTY TR INC	23,721	$4.1M	0.01%	Put
332	ATEC 0.75 08/01/26ALPHATEC HLDGS INC	4,150,000	$4.1M	0.01%
333	OMER 5.25 02/15/26OMEROS CORP	4,410,000	$4.1M	0.01%
334	AEPAMERICAN ELEC PWR CO INC	39,200	$4.1M	0.01%	Put
335	KBESPDR SERIES TRUST	72,827	$4.1M	0.01%
336	WIWWESTERN AST INFL LKD OPP & I	462,748	$4.1M	0.01%
337	FOUR 6 05/01/28SHIFT4 PMTS INC	35,000,000	$4.0M	0.01%
338	MPCMARATHON PETE CORP	24,226	$4.0M	0.01%	Put
339	ZTSZOETIS INC	25,760	$4.0M	0.01%	Put
340	OKEONEOK INC NEW	49,165	$4.0M	0.01%	Put
341	SCHN1EURRADIUS RECYCLING INC	135,000	$4.0M	0.01%
342	NOCNORTHROP GRUMMAN CORP	8,000	$4.0M	0.01%	Put
343	HPEHEWLETT PACKARD ENTERPRISE C	193,146	$3.9M	0.01%	Put
344	CSXCSX CORP	120,800	$3.9M	0.01%	Put
345	APDAIR PRODS & CHEMS INC	13,958	$3.9M	0.01%	Put
346	RCLROYAL CARIBBEAN GROUP	12,500	$3.9M	0.01%	Put
347	LYFTLYFT INC	244,570	$3.9M	0.01%	Put
348	FLUTFLUTTER ENTMT PLC	13,467	$3.8M	0.01%
349	GOSS 5 06/01/27GOSSAMER BIO INC	7,293,000	$3.8M	0.01%
350	WELLWELLTOWER INC	24,700	$3.8M	0.01%	Put
351	EMREMERSON ELEC CO	28,285	$3.8M	0.01%	Put
352	CARRCARRIER GLOBAL CORPORATION	51,185	$3.7M	0.01%	Put
353	WBDWARNER BROS DISCOVERY INC	324,986	$3.7M	0.01%	Put
354	HSYHERSHEY CO	22,259	$3.7M	0.01%	Put
355	ZTRVIRTUS TOTAL RETURN FD INC	590,007	$3.7M	0.01%
356	VLOVALERO ENERGY CORP	27,329	$3.7M	0.01%	Put
357	SPGSIMON PPTY GROUP INC NEW	22,639	$3.6M	0.01%	Put
358	DVAX 2 03/15/30DYNAVAX TECHNOLOGIES CORP	4,000,000	$3.6M	0.01%
359	CNCCENTENE CORP DEL	66,042	$3.6M	0.01%	Put
360	CLCOLGATE PALMOLIVE CO	39,282	$3.6M	0.01%	Put
361	QTECFIRST TR EXCHANGE-TRADED FD	16,774	$3.6M	0.01%
362	8CWCROWN CASTLE INC	34,600	$3.6M	0.01%	Put
363	PSXPHILLIPS 66	29,456	$3.5M	0.01%	Put
364	BABAALIBABA GROUP HLDG LTD	30,942	$3.5M	0.01%
365	NIO 4.625 10/15/30NIO INC	5,500,000	$3.5M	0.01%
366	FIVEFIVE BELOW INC	26,504	$3.5M	0.01%
367	FNFFIDELITY NATIONAL FINANCIAL	61,900	$3.5M	0.01%
368	ALSALLSTATE CORP	17,118	$3.4M	0.01%	Put
369	TROWPRICE T ROWE GROUP INC	35,671	$3.4M	0.01%	Put
370	NIONIO INC	1,000,000	$3.4M	0.01%	Put
371	SHOPSHOPIFY INC	29,715	$3.4M	0.01%	Put
372	FANGDIAMONDBACK ENERGY INC	24,349	$3.3M	0.01%	Put
373	CPRTCOPART INC	67,715	$3.3M	0.01%	Put
374	USBUS BANCORP DEL	72,900	$3.3M	0.01%	Put
375	RHCRH PLC	35,837	$3.3M	0.01%
376	TSNTYSON FOODS INC	58,770	$3.3M	0.01%	Put
377	IRMIRON MTN INC DEL	31,936	$3.3M	0.01%	Put
378	KLACKLA CORP	3,651	$3.3M	0.01%	Put
379	EQTEQT CORP	55,369	$3.2M	0.01%	Put
380	ROSTROSS STORES INC	25,308	$3.2M	0.01%	Put
381	DISH 0 12/15/25DISH NETWORK CORPORATION	3,540,000	$3.2M	0.01%
382	DDOGDATADOG INC	23,724	$3.2M	0.01%	Put
383	NEO 0.25 01/15/28NEOGENOMICS INC	3,708,000	$3.2M	0.01%
384	SYYSYSCO CORP	41,914	$3.2M	0.01%	Put
385	CZRCAESARS ENTERTAINMENT INC NE	111,500	$3.2M	0.01%	Put
386	PEOEXELON CORP	72,867	$3.2M	0.01%	Put
387	MKSIMKS INC.	31,591	$3.1M	0.01%
388	BKBANK NEW YORK MELLON CORP	33,600	$3.1M	0.01%	Put
389	GLOCLOUGH GLOBAL OPPORTUNITIES	560,671	$3.0M	0.01%
390	NUENUCOR CORP	23,355	$3.0M	0.01%	Put
391	NVAX 5 12/15/27NOVAVAX INC	3,000,000	$3.0M	0.01%
392	KMBKIMBERLY-CLARK CORP	23,020	$3.0M	0.01%	Put
393	LNGCHENIERE ENERGY INC	12,096	$2.9M	0.01%
394	KVUEKENVUE INC	140,679	$2.9M	0.01%	Put
395	MCXMCCORMICK & CO INC	38,386	$2.9M	0.01%	Put
396	CPBTHE CAMPBELLS COMPANY	94,733	$2.9M	0.01%	Put
397	ECVTECOVYST INC	350,000	$2.9M	0.01%
398	FAFFIRST AMERN FINL CORP	46,500	$2.9M	0.01%
399	RKTROCKET COS INC	201,300	$2.9M	0.01%
400	NCLHNORWEGIAN CRUISE LINE HLDG L	140,451	$2.8M	0.01%	Put

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