CAPSTONE INVESTMENT ADVISORS, LLC Q3 2023 Filing

Filed November 13, 2023

Portfolio Value

$22.2B

Holdings

1,153

Report Date

Q3 2023

Filing Type

13F-HR

All Holdings (1,153 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NDQINVESCO QQQ TR	14,406,756	$5.2B	23.23%	Put
2	SPYSPDR S&P 500 ETF TR	5,200,425	$2.2B	10.01%	Put
3	EEMISHARES TR	18,687,700	$709.2M	3.19%	Put
4	EFAISHARES TR	10,147,633	$699.4M	3.15%	Put
5	AAPLAPPLE INC	4,055,787	$694.4M	3.13%	Put
6	MSFTMICROSOFT CORP	2,164,888	$683.6M	3.08%	Put
7	NVDANVIDIA CORPORATION	945,316	$411.2M	1.85%	Put
8	AMZNAMAZON COM INC	3,116,719	$396.2M	1.78%	Put
9	XLFSELECT SECTOR SPDR TR	10,469,615	$347.3M	1.56%	Put
10	TSLATESLA INC	1,264,091	$316.3M	1.42%	Put
11	METAMETA PLATFORMS INC	935,746	$280.9M	1.26%	Put
12	GOOGLALPHABET INC	2,123,869	$277.9M	1.25%	Put
13	HYGISHARES TR	3,700,001	$272.8M	1.23%	Put
14	GOOGALPHABET INC	1,848,199	$243.7M	1.10%	Put
15	GQ9SPDR GOLD TR	1,307,213	$224.1M	1.01%	Put
16	XLISELECT SECTOR SPDR TR	1,849,121	$187.5M	0.84%	Put
17	UNHUNITEDHEALTH GROUP INC	280,098	$141.2M	0.64%	Put
18	JPMJPMORGAN CHASE & CO	972,936	$141.1M	0.64%	Put
19	XLKSELECT SECTOR SPDR TR	721,097	$118.2M	0.53%	Put
20	CRMSALESFORCE INC	580,318	$117.7M	0.53%	Put
21	CSCOCISCO SYS INC	2,132,297	$114.6M	0.52%	Put
22	BACBANK AMERICA CORP	3,846,542	$105.3M	0.47%	Put
23	HDHOME DEPOT INC	341,224	$103.1M	0.46%	Put
24	NFLXNETFLIX INC	263,111	$99.3M	0.45%	Put
25	LQDISHARES TR	960,001	$97.9M	0.44%	Put
26	NSIT 0.75 02/15/25INSIGHT ENTERPRISES INC	45,320,000	$96.7M	0.44%
27	COSTCOSTCO WHSL CORP NEW	170,987	$96.6M	0.43%	Put
28	WMTWALMART INC	601,276	$96.2M	0.43%	Put
29	ATVIEURACTIVISION BLIZZARD INC	1,020,500	$95.5M	0.43%	Put
30	ORCLORACLE CORP	893,620	$94.7M	0.43%	Put
31	AVGOBROADCOM INC	111,980	$93.0M	0.42%	Put
32	NVMI 0 10/15/25NOVA LTD	58,993,000	$90.9M	0.41%
33	ABBVABBVIE INC	595,163	$88.7M	0.40%	Put
34	LLYELI LILLY & CO	161,700	$86.9M	0.39%	Put
35	BRK/BBERKSHIRE HATHAWAY INC DEL	242,900	$85.1M	0.38%	Put
36	VVISA INC	364,560	$83.9M	0.38%	Put
37	GDXVANECK ETF TRUST	3,078,111	$82.8M	0.37%	Put
38	JNJJOHNSON & JOHNSON	526,068	$81.9M	0.37%	Put
39	MDB 0.25 01/15/26MONGODB INC	47,300,000	$81.0M	0.36%
40	XOMEXXON MOBIL CORP	687,276	$80.8M	0.36%	Put
41	MAMASTERCARD INCORPORATED	202,188	$80.0M	0.36%	Put
42	XOPSPDR SER TR	533,060	$78.8M	0.35%	Put
43	DISDISNEY WALT CO	955,803	$77.5M	0.35%	Put
44	TSMTAIWAN SEMICONDUCTOR MFG LTD	885,656	$77.0M	0.35%	Call
45	DXJWISDOMTREE TR	825,027	$72.8M	0.33%	Put
46	PGPROCTER AND GAMBLE CO	489,338	$71.4M	0.32%	Put
47	GSGOLDMAN SACHS GROUP INC	214,538	$69.4M	0.31%	Put
48	INTCINTEL CORP	1,866,809	$66.4M	0.30%	Put
49	ADBEADOBE INC	122,387	$62.4M	0.28%	Put
50	NKENIKE INC	629,356	$60.2M	0.27%	Put
51	KBR 2.5 11/01/23KBR INC	24,478,000	$57.6M	0.26%
52	IWMISHARES TR	298,583	$52.8M	0.24%	Put
53	BACVERIZON COMMUNICATIONS INC	1,567,544	$50.8M	0.23%	Put
54	XLCSELECT SECTOR SPDR TR	772,708	$50.7M	0.23%	Put
55	TXNTEXAS INSTRS INC	317,652	$50.5M	0.23%	Put
56	CATCATERPILLAR INC	184,542	$50.4M	0.23%	Put
57	TMOTHERMO FISHER SCIENTIFIC INC	99,177	$50.2M	0.23%	Put
58	PFEPFIZER INC	1,469,213	$48.7M	0.22%	Put
59	DHRDANAHER CORPORATION	195,600	$48.5M	0.22%	Put
60	INTUINTUIT	89,413	$45.7M	0.21%	Put
61	IBMINTERNATIONAL BUSINESS MACHS	325,464	$45.7M	0.21%	Put
62	X 5 11/01/26UNITED STATES STL CORP	18,500,000	$45.7M	0.21%
63	USMVISHARES TR	622,029	$45.0M	0.20%
64	JAZZ 1.5 08/15/24JAZZ INVESTMENTS I LTD	46,481,000	$45.0M	0.20%
65	Z 0.75 09/01/24ZILLOW GROUP INC	38,146,000	$44.6M	0.20%
66	ECPG 3.25 10/01/25ENCORE CAP GROUP INC	33,424,000	$43.6M	0.20%
67	MRKMERCK & CO INC	420,963	$43.3M	0.20%	Put
68	ZS 0.125 07/01/25ZSCALER INC	35,200,000	$42.5M	0.19%
69	PEPPEPSICO INC	249,234	$42.2M	0.19%	Put
70	NTRA 2.25 05/01/27NATERA INC	31,752,000	$42.1M	0.19%
71	EXASEXACT SCIENCES CORP	37,371,000	$41.0M	0.18%
72	CVXCHEVRON CORP NEW	240,498	$40.6M	0.18%	Put
73	HZNPHORIZON THERAPEUTICS PUB L	350,000	$40.5M	0.18%	Put
74	XLVSELECT SECTOR SPDR TR	313,000	$40.3M	0.18%	Put
75	—IRONWOOD PHARMACEUTICALS INC	40,200,000	$39.9M	0.18%
76	RTXRTX CORPORATION	550,474	$39.6M	0.18%	Put
77	ACNACCENTURE PLC IRELAND	127,158	$39.0M	0.18%	Put
78	XLYSELECT SECTOR SPDR TR	241,700	$38.9M	0.18%	Put
79	DWDMORGAN STANLEY	476,329	$38.9M	0.18%	Put
80	NOWSERVICENOW INC	69,410	$38.8M	0.17%	Put
81	QCOMQUALCOMM INC	347,526	$38.6M	0.17%	Put
82	AKAM 0.125 05/01/25AKAMAI TECHNOLOGIES INC	32,514,000	$38.5M	0.17%
83	KOCOCA COLA CO	686,188	$38.4M	0.17%	Put
84	HDBHDFC BANK LTD	650,756	$38.4M	0.17%
85	PYPLPAYPAL HLDGS INC	651,037	$38.1M	0.17%	Put
86	CNK 4.5 08/15/25CINEMARK HLDGS INC	25,788,000	$37.8M	0.17%
87	—CONMED CORP	32,244,000	$37.3M	0.17%
88	LTHM 4.125 07/15/25LIVENT CORP	16,973,000	$36.8M	0.17%
89	UPSUNITED PARCEL SERVICE INC	234,711	$36.6M	0.16%	Put
90	ADIANALOG DEVICES INC	205,495	$36.0M	0.16%	Put
91	SBUXSTARBUCKS CORP	388,541	$35.5M	0.16%	Put
92	CVSCVS HEALTH CORP	505,680	$35.3M	0.16%	Put
93	VMWEURVMWARE INC	205,000	$34.1M	0.15%	Put
94	DYHTARGET CORP	304,511	$33.7M	0.15%	Put
95	TAT&T INC	2,178,443	$32.7M	0.15%	Put
96	MCDMCDONALDS CORP	124,120	$32.7M	0.15%	Put
97	BABOEING CO	168,545	$32.3M	0.15%	Put
98	BMYBRISTOL-MYERS SQUIBB CO	555,712	$32.3M	0.15%	Put
99	GTLS 1 11/15/24CHART INDS INC	11,000,000	$32.0M	0.14%
100	WFCWELLS FARGO CO NEW	775,503	$31.7M	0.14%	Put

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