CAPSTONE INVESTMENT ADVISORS, LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$53.7B

Holdings

1,205

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (1,205 positions)

#	Stock	Shares	Value	% Portfolio	Type
101	SBUXSTARBUCKS CORP	512,989	$43.4M	0.08%	Put
102	TXNTEXAS INSTRS INC	235,445	$43.3M	0.08%	Put
103	PYPLPAYPAL HLDGS INC	638,516	$42.8M	0.08%	Put
104	TAT&T INC	1,462,310	$41.3M	0.08%	Put
105	IMAX 0.5 04/01/26IMAX CORP	34,607,000	$40.7M	0.08%
106	VRNAVERONA PHARMA PLC	375,000	$40.0M	0.07%
107	ACNACCENTURE PLC IRELAND	161,540	$39.8M	0.07%	Put
108	AXPAMERICAN EXPRESS CO	119,752	$39.8M	0.07%	Put
109	ISRGINTUITIVE SURGICAL INC	88,915	$39.8M	0.07%	Put
110	UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC	26,371,000	$38.8M	0.07%
111	RTXRTX CORPORATION	229,503	$38.4M	0.07%	Put
112	NEENEXTERA ENERGY INC	503,215	$38.0M	0.07%	Put
113	CHEF 2.375 12/15/28CHEFS WHSE INC	26,200,000	$37.9M	0.07%
114	CNMD 2.25 06/15/27CONMED CORP	39,500,000	$37.7M	0.07%
115	AKAM 1.125 02/15/29AKAMAI TECHNOLOGIES INC	39,000,000	$36.7M	0.07%
116	UPSUNITED PARCEL SERVICE INC	438,850	$36.7M	0.07%	Put
117	CRWDCROWDSTRIKE HLDGS INC	74,198	$36.4M	0.07%	Put
118	LINLINDE PLC	76,500	$36.3M	0.07%	Put
119	CMCSACOMCAST CORP NEW	1,156,425	$36.3M	0.07%	Put
120	TMOTHERMO FISHER SCIENTIFIC INC	72,665	$35.2M	0.07%	Put
121	CVSCVS HEALTH CORP	462,120	$34.8M	0.06%	Put
122	TRIP 0.25 04/01/26TRIPADVISOR INC	35,604,000	$34.6M	0.06%
123	COFCAPITAL ONE FINL CORP	159,898	$34.0M	0.06%	Put
124	SCHWSCHWAB CHARLES CORP	355,627	$34.0M	0.06%	Put
125	DYHTARGET CORP	376,777	$33.8M	0.06%	Put
126	BBIO 2.5 03/15/27BRIDGEBIO PHARMA INC	24,000,000	$33.7M	0.06%
127	AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC	35,110,000	$33.7M	0.06%
128	DELLDELL TECHNOLOGIES INC	237,380	$33.7M	0.06%	Put
129	MSTRSTRATEGY INC	15,000,000	$33.7M	0.06%
130	KEXKIRBY CORP	400,545	$33.4M	0.06%
131	MRVLMARVELL TECHNOLOGY INC	394,690	$33.2M	0.06%	Put
132	LRCXLAM RESEARCH CORP	246,400	$33.0M	0.06%	Put
133	ABTABBOTT LABS	241,025	$32.3M	0.06%	Put
134	RPD 0.25 03/15/27RAPID7 INC	33,990,000	$31.9M	0.06%
135	FYBRFRONTIER COMMUNICATIONS PARE	850,000	$31.7M	0.06%
136	NEMNEWMONT CORP	373,366	$31.5M	0.06%	Put
137	XLISELECT SECTOR SPDR TR	201,539	$31.1M	0.06%	Put
138	FDXFEDEX CORP	131,716	$31.1M	0.06%	Put
139	K6BKBR INC	651,672	$30.8M	0.06%
140	AMGNAMGEN INC	108,919	$30.7M	0.06%	Put
141	MIGASTRATEGY INC	91,760	$29.6M	0.06%	Put
142	RRYDER SYS INC	156,025	$29.4M	0.05%
143	BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC	30,000,000	$28.5M	0.05%
144	TJXTJX COS INC NEW	196,147	$28.4M	0.05%	Put
145	MARA 2.125 09/01/31MARA HOLDINGS INC	22,900,000	$27.8M	0.05%
146	NSCNORFOLK SOUTHN CORP	91,900	$27.6M	0.05%	Put
147	UNPUNION PAC CORP	115,438	$27.3M	0.05%	Put
148	GMEGAMESTOP CORP NEW	983,500	$26.8M	0.05%	Put
149	CMGCHIPOTLE MEXICAN GRILL INC	677,938	$26.6M	0.05%	Put
150	HONHONEYWELL INTL INC	124,616	$26.2M	0.05%	Put
151	GQ9SPDR GOLD TR	73,392	$26.1M	0.05%	Put
152	SATSECHOSTAR CORP	339,224	$25.9M	0.05%	Put
153	PTCT 1.5 09/15/26PTC THERAPEUTICS INC	20,000,000	$25.7M	0.05%
154	DC4DEXCOM INC	381,639	$25.7M	0.05%	Put
155	MSTR 2.25 06/15/32STRATEGY INC	14,000,000	$25.0M	0.05%
156	SPGIS&P GLOBAL INC	50,876	$24.8M	0.05%	Put
157	CMECME GROUP INC	91,635	$24.8M	0.05%	Put
158	GILDGILEAD SCIENCES INC	219,952	$24.4M	0.05%	Put
159	MMYT 0 02/15/28MAKEMYTRIP LIMITED MAURITIUS	10,000,000	$24.3M	0.05%
160	MOALTRIA GROUP INC	366,497	$24.2M	0.05%	Put
161	ASND 2.25 04/01/28ASCENDIS PHARMA A/S	17,750,000	$24.2M	0.05%
162	KELKELLANOVA	294,820	$24.2M	0.05%	Put
163	SLBSCHLUMBERGER LTD	700,905	$24.1M	0.04%	Put
164	MRNAMODERNA INC	930,739	$24.0M	0.04%	Put
165	GTLSCHART INDS INC	120,000	$24.0M	0.04%
166	CEGCONSTELLATION ENERGY CORP	72,897	$24.0M	0.04%	Put
167	BABAALIBABA GROUP HLDG LTD	128,692	$23.0M	0.04%	Put
168	BSY 0.375 07/01/27BENTLEY SYS INC	24,252,000	$22.9M	0.04%
169	HLTHILTON WORLDWIDE HLDGS INC	83,510	$21.7M	0.04%	Put
170	DGDOLLAR GEN CORP NEW	207,135	$21.4M	0.04%	Put
171	ANETARISTA NETWORKS INC	142,500	$20.8M	0.04%	Put
172	WWAYFAIR INC	10,000,000	$20.8M	0.04%
173	HOODROBINHOOD MKTS INC	141,655	$20.3M	0.04%	Put
174	COINCOINBASE GLOBAL INC	59,912	$20.2M	0.04%	Put
175	EVRG 4.5 12/15/27EVERGY INC	16,000,000	$20.1M	0.04%
176	BXBLACKSTONE INC	117,385	$20.1M	0.04%	Put
177	FEZSPDR INDEX SHS FDS	314,667	$19.5M	0.04%	Put
178	DHRDANAHER CORPORATION	97,414	$19.3M	0.04%	Put
179	MMM3M CO	121,348	$18.8M	0.04%	Put
180	CSTMCONSTELLIUM SE	1,261,854	$18.8M	0.03%
181	MNSTMONSTER BEVERAGE CORP NEW	273,982	$18.4M	0.03%	Put
182	ADIANALOG DEVICES INC	73,857	$18.1M	0.03%	Put
183	MDLZMONDELEZ INTL INC	286,995	$17.9M	0.03%	Put
184	S9QSPIRIT AEROSYSTEMS HLDGS INC	462,434	$17.8M	0.03%
185	SYKSTRYKER CORPORATION	48,046	$17.8M	0.03%	Put
186	PGRPROGRESSIVE CORP	71,742	$17.7M	0.03%	Put
187	BSXBOSTON SCIENTIFIC CORP	180,767	$17.6M	0.03%	Put
188	APOAPOLLO GLOBAL MGMT INC	130,819	$17.4M	0.03%	Put
189	MDTMEDTRONIC PLC	180,496	$17.2M	0.03%	Put
190	WFRDWEATHERFORD INTL PLC	250,257	$17.1M	0.03%
191	GMGENERAL MTRS CO	279,346	$17.0M	0.03%	Put
192	COPCONOCOPHILLIPS	179,360	$17.0M	0.03%	Put
193	POST 2.5 08/15/27POST HLDGS INC	15,000,000	$16.9M	0.03%
194	JJACOBS SOLUTIONS INC	111,802	$16.8M	0.03%	Put
195	FE 4 05/01/26FIRSTENERGY CORP	16,000,000	$16.6M	0.03%
196	LENLENNAR CORP	130,200	$16.4M	0.03%	Put
197	KKRKKR & CO INC	126,055	$16.4M	0.03%	Put
198	ADSKAUTODESK INC	51,470	$16.4M	0.03%	Put
199	DASHDOORDASH INC	60,049	$16.3M	0.03%	Put
200	CIFR 1.75 05/15/30CIPHER MINING INC	5,500,000	$16.2M	0.03%

PreviousPage 2 of 13Next