CAPSTONE INVESTMENT ADVISORS, LLC Q4 2022 Filing

Filed February 10, 2023

Portfolio Value

$13.7B

Holdings

763

Report Date

Q4 2022

Filing Type

13F-HR

All Holdings (763 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NDQINVESCO QQQ TR	8,165,979	$2.2T	15830.70%	Put
2	IWMISHARES TR	8,124,000	$1.4T	10312.64%	Put
3	SPYSPDR S&P 500 ETF TR	1,872,893	$716.2B	5214.56%	Put
4	EFAISHARES TR	8,338,703	$547.4B	3984.92%	Put
5	GQ9SPDR GOLD TR	1,801,281	$305.6B	2224.64%	Put
6	HYGISHARES TR	3,500,000	$257.7B	1876.19%	Put
7	FXIISHARES TR	8,836,096	$250.1B	1820.53%	Put
8	AAPLAPPLE INC	1,678,659	$218.1B	1587.90%	Put
9	MSFTMICROSOFT CORP	751,473	$180.2B	1312.05%	Put
10	EEMISHARES TR	3,558,181	$134.9B	981.78%	Put
11	BRK/BBERKSHIRE HATHAWAY INC DEL	361,790	$111.8B	813.62%	Put
12	UNHUNITEDHEALTH GROUP INC	204,701	$108.5B	790.11%	Put
13	LQDISHARES TR	1,025,000	$108.1B	786.75%	Put
14	AMZNAMAZON COM INC	1,276,718	$107.2B	780.77%	Put
15	XOMEXXON MOBIL CORP	903,969	$99.7B	725.90%	Put
16	JPMJPMORGAN CHASE & CO	726,968	$97.5B	709.73%	Put
17	GOOGALPHABET INC	893,047	$79.2B	576.89%	Put
18	KBR 2.5 11/01/23KBR INC	34,478,000	$72.9B	530.51%
19	GOOGLALPHABET INC	823,527	$72.7B	528.98%	Put
20	CSCOCISCO SYS INC	1,496,352	$71.3B	518.97%	Put
21	NSIT 0.75 02/15/25INSIGHT ENTERPRISES INC	45,320,000	$68.3B	496.89%
22	LLYLILLY ELI & CO	185,926	$68.0B	495.19%	Put
23	PGPROCTER AND GAMBLE CO	434,897	$65.9B	479.86%	Put
24	HDHOME DEPOT INC	202,185	$63.9B	464.93%	Put
25	VTVVANGUARD INDEX FDS	435,640	$61.1B	445.19%
26	INSM 0.75 06/01/28INSMED INC	72,481,000	$60.2B	437.98%
27	FCN 2 08/15/23FTI CONSULTING INC	37,500,000	$59.2B	430.82%
28	METAMETA PLATFORMS INC	480,356	$57.8B	420.84%	Put
29	AVGOBROADCOM INC	101,780	$56.9B	414.30%	Put
30	PANW 0.375 06/01/25PALO ALTO NETWORKS INC	37,850,000	$56.1B	408.24%
31	EWZISHARES INC	2,000,284	$55.9B	407.31%	Call
32	DXCM 0.75 12/01/23DEXCOM INC	20,000,000	$55.1B	401.37%
33	JNJJOHNSON & JOHNSON	303,215	$53.6B	389.94%	Put
34	ATVIEURACTIVISION BLIZZARD INC	677,981	$51.9B	377.83%	Put
35	OREALTY INCOME CORP	802,999	$50.9B	370.80%	Put
36	ACNACCENTURE PLC IRELAND	189,074	$50.5B	367.30%	Put
37	TKO 3.375 12/15/23WORLD WRESTLING ENTMT INC	17,656,000	$48.9B	355.93%
38	USMVISHARES TR	643,380	$46.4B	337.71%
39	TEAMATLASSIAN CORPORATION	356,700	$45.9B	334.17%	Put
40	MDB 0.25 01/15/26MONGODB INC	38,300,000	$45.0B	327.98%
41	NVDANVIDIA CORPORATION	308,041	$45.0B	327.73%	Put
42	ABBVABBVIE INC	277,721	$44.9B	326.75%	Put
43	TVTX 2.25 03/01/29TRAVERE THERAPEUTICS INC	48,043,000	$44.0B	320.04%
44	ECPG 3.25 10/01/25ENCORE CAP GROUP INC	33,424,000	$43.8B	318.53%
45	LITE 0.25 03/15/24LUMENTUM HLDGS INC	41,510,000	$43.8B	318.52%
46	ABTABBOTT LABS	397,874	$43.7B	318.02%	Put
47	TAT&T INC	2,347,994	$43.2B	314.69%	Put
48	PFEPFIZER INC	839,481	$43.0B	313.16%	Put
49	EYE 2.5 05/15/25NATIONAL VISION HLDGS INC	30,750,000	$42.3B	308.29%
50	ASHRDBX ETF TR	1,500,000	$42.0B	305.99%	Call
51	PODD 0.375 09/01/26INSULET CORP	29,335,000	$41.6B	302.62%
52	LTHM 4.125 07/15/25LIVENT CORP	16,973,000	$40.8B	297.12%
53	NVMI 0 10/15/25NOVA LTD	33,000,000	$40.4B	293.94%
54	WFCWELLS FARGO CO NEW	951,373	$39.3B	285.97%	Put
55	—COPA HOLDINGS SA	22,400,000	$38.2B	278.22%
56	BACBANK AMERICA CORP	1,137,295	$37.7B	274.22%	Put
57	PSTG 0.125 04/15/23PURE STORAGE INC	34,500,000	$37.2B	271.01%
58	VVISA INC	178,378	$37.1B	269.80%	Put
59	SBUXSTARBUCKS CORP	356,267	$35.3B	257.29%	Put
60	CYTK 4 11/15/26CYTOKINETICS INC	7,500,000	$33.7B	245.27%
61	DWDMORGAN STANLEY	395,357	$33.6B	244.71%	Put
62	GMED 1 06/01/23NUVASIVE INC	33,750,000	$33.2B	241.72%
63	CMCSACOMCAST CORP NEW	943,785	$33.0B	240.27%	Put
64	LINLINDE PLC	98,204	$32.0B	233.20%	Put
65	BLKCHFBLACKROCK INC	45,041	$31.9B	232.37%	Put
66	MAMASTERCARD INCORPORATED	91,415	$31.8B	231.41%	Put
67	PANW 0.75 07/01/23PALO ALTO NETWORKS INC	20,000,000	$31.6B	230.42%
68	DHRDANAHER CORPORATION	117,316	$31.1B	226.69%	Put
69	EXAS 0.375 03/01/28EXACT SCIENCES CORP	38,789,000	$30.6B	222.75%
70	X 5 11/01/26UNITED STATES STL CORP	15,000,000	$30.1B	218.96%
71	SYKSTRYKER CORPORATION	121,218	$29.6B	215.75%	Put
72	VRTXVERTEX PHARMACEUTICALS INC	100,769	$29.1B	211.84%	Put
73	TSMTAIWAN SEMICONDUCTOR MFG LTD	389,896	$29.0B	211.44%	Put
74	CICIGNA CORP NEW	87,337	$28.9B	210.67%	Put
75	TMOTHERMO FISHER SCIENTIFIC INC	52,534	$28.9B	210.61%	Put
76	CUTR 2.25 03/15/26CUTERA INC	19,350,000	$28.7B	208.98%
77	Z 1.375 09/01/26ZILLOW GROUP INC	28,102,000	$28.6B	208.17%
78	INTUINTUIT	73,344	$28.5B	207.83%	Put
79	BDXBECTON DICKINSON & CO	112,000	$28.5B	207.35%	Put
80	ELVELEVANCE HEALTH INC	54,500	$28.0B	203.53%	Put
81	TSLATESLA INC	226,869	$27.9B	203.44%	Put
82	PEPPEPSICO INC	153,760	$27.8B	202.23%	Put
83	XLESELECT SECTOR SPDR TR	313,574	$27.4B	199.69%	Put
84	BMYBRISTOL-MYERS SQUIBB CO	380,485	$27.4B	199.29%	Put
85	LMTLOCKHEED MARTIN CORP	56,014	$27.2B	198.38%	Put
86	—NEW RELIC INC	27,722,000	$27.2B	197.89%
87	VMWEURVMWARE INC	220,890	$27.1B	197.41%	Put
88	SCHWSCHWAB CHARLES CORP	322,082	$26.8B	195.22%	Put
89	IWNISHARES TR	191,575	$26.6B	193.40%
90	COSTCOSTCO WHSL CORP NEW	56,744	$25.9B	188.58%	Put
91	PI 1.125 05/15/27IMPINJ INC	21,327,000	$25.7B	187.10%
92	BILL 0 12/01/25BILL COM HLDGS INC	24,894,000	$25.6B	186.31%
93	TMUST-MOBILE US INC	179,484	$25.1B	182.93%	Put
94	ZS 0.125 07/01/25ZSCALER INC	23,700,000	$25.0B	182.03%
95	IRWD 1.5 06/15/26IRONWOOD PHARMACEUTICALS INC	22,674,000	$24.8B	180.86%
96	—IRONWOOD PHARMACEUTICALS INC	22,700,000	$24.5B	178.17%
97	INTCINTEL CORP	902,798	$23.9B	173.70%	Put
98	AKAM 0.125 05/01/25AKAMAI TECHNOLOGIES INC	22,014,000	$23.2B	169.08%
99	IQIQIYI INC	4,342,300	$23.0B	167.55%	Put
100	WOLF 1.75 05/01/26WOLFSPEED INC	14,233,000	$22.9B	166.98%

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