CAPSTONE INVESTMENT ADVISORS, LLC Q4 2023 Filing

Filed February 12, 2024

Portfolio Value

$33.2B

Holdings

1,189

Report Date

Q4 2023

Filing Type

13F-HR

All Holdings (1,189 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	NDQINVESCO QQQ TR	17,685,709	$7.2B	21.80%	Put
2	SPYSPDR S&P 500 ETF TR	4,964,284	$2.4B	7.10%	Put
3	MSFTMICROSOFT CORP	3,851,005	$1.4B	4.36%	Put
4	AAPLAPPLE INC	7,319,812	$1.4B	4.24%	Put
5	AMZNAMAZON COM INC	8,116,291	$1.2B	3.71%	Put
6	NVDANVIDIA CORPORATION	1,765,408	$874.3M	2.63%	Put
7	IWMISHARES TR	4,222,300	$847.5M	2.55%	Put
8	TSLATESLA INC	2,698,278	$670.5M	2.02%	Put
9	METAMETA PLATFORMS INC	1,743,773	$617.2M	1.86%	Put
10	GOOGLALPHABET INC	3,942,743	$550.8M	1.66%	Put
11	GOOGALPHABET INC	2,972,182	$418.9M	1.26%	Put
12	HYGISHARES TR	5,396,701	$417.6M	1.26%	Put
13	EEMISHARES TR	9,950,600	$400.1M	1.20%	Put
14	XLFSELECT SECTOR SPDR TR	8,726,800	$328.1M	0.99%	Put
15	AVGOBROADCOM INC	263,369	$294.0M	0.88%	Put
16	JPMJPMORGAN CHASE & CO	1,663,722	$283.0M	0.85%	Put
17	COSTCOSTCO WHSL CORP NEW	371,894	$245.5M	0.74%	Put
18	NFLXNETFLIX INC	452,995	$220.6M	0.66%	Put
19	CRMSALESFORCE INC	802,768	$211.2M	0.64%	Put
20	XLVSELECT SECTOR SPDR TR	1,417,800	$193.4M	0.58%	Put
21	GSGOLDMAN SACHS GROUP INC	481,270	$185.7M	0.56%	Put
22	EFAISHARES TR	2,463,903	$185.7M	0.56%	Put
23	UNHUNITEDHEALTH GROUP INC	339,894	$178.9M	0.54%	Put
24	HDHOME DEPOT INC	513,984	$178.1M	0.54%	Put
25	XOMEXXON MOBIL CORP	1,700,520	$170.0M	0.51%	Put
26	JNJJOHNSON & JOHNSON	1,055,675	$165.5M	0.50%	Put
27	INTCINTEL CORP	3,053,615	$153.4M	0.46%	Put
28	LQDISHARES TR	1,382,801	$153.0M	0.46%	Put
29	ADBEADOBE INC	256,013	$152.7M	0.46%	Put
30	BACBANK AMERICA CORP	4,385,700	$147.7M	0.44%	Put
31	GQ9SPDR GOLD TR	755,554	$144.4M	0.43%	Put
32	GDXVANECK ETF TRUST	4,651,105	$144.2M	0.43%	Put
33	VVISA INC	543,973	$141.6M	0.43%	Put
34	XLISELECT SECTOR SPDR TR	1,151,109	$131.2M	0.39%	Put
35	LLYELI LILLY & CO	223,700	$130.4M	0.39%	Put
36	WMTWALMART INC	804,500	$126.8M	0.38%	Put
37	NSIT 0.75 02/15/25INSIGHT ENTERPRISES INC	45,320,000	$117.9M	0.35%
38	ABBVABBVIE INC	744,421	$115.4M	0.35%	Put
39	MDB 0.25 01/15/26MONGODB INC	57,300,000	$113.4M	0.34%
40	MAMASTERCARD INCORPORATED	264,561	$112.8M	0.34%	Put
41	ORCLORACLE CORP	1,070,100	$112.8M	0.34%	Put
42	NVMI 0 10/15/25NOVA LTD	58,993,000	$109.0M	0.33%
43	NKENIKE INC	995,886	$108.1M	0.33%	Put
44	BABOEING CO	412,906	$107.6M	0.32%	Put
45	ZS 0.125 07/01/25ZSCALER INC	70,200,000	$106.7M	0.32%
46	PGPROCTER AND GAMBLE CO	689,503	$101.0M	0.30%	Put
47	DISDISNEY WALT CO	1,093,361	$98.7M	0.30%	Put
48	CSCOCISCO SYS INC	1,946,246	$98.3M	0.30%	Put
49	OREALTY INCOME CORP	1,653,888	$95.0M	0.29%	Put
50	DWDMORGAN STANLEY	1,017,217	$94.9M	0.29%	Put
51	INTUINTUIT	146,641	$91.7M	0.28%	Put
52	QCOMQUALCOMM INC	622,232	$90.0M	0.27%	Put
53	WFCWELLS FARGO CO NEW	1,824,762	$89.8M	0.27%	Put
54	MRKMERCK & CO INC	812,800	$88.6M	0.27%	Put
55	GMGENERAL MTRS CO	2,408,227	$86.5M	0.26%	Put
56	X 5 11/01/26UNITED STATES STL CORP	23,500,000	$85.5M	0.26%
57	CATCATERPILLAR INC	283,591	$83.8M	0.25%	Put
58	HDBHDFC BANK LTD	1,191,861	$80.0M	0.24%
59	IBMINTERNATIONAL BUSINESS MACHS	482,994	$79.0M	0.24%	Put
60	IEFISHARES TR	800,001	$77.1M	0.23%	Call
61	BRK/BBERKSHIRE HATHAWAY INC DEL	213,700	$76.2M	0.23%	Put
62	NTRA 2.25 05/01/27NATERA INC	44,418,000	$76.2M	0.23%
63	CVXCHEVRON CORP NEW	491,409	$73.3M	0.22%	Put
64	JAZZ 1.5 08/15/24JAZZ INVESTMENTS I LTD	73,231,000	$71.4M	0.21%
65	BACVERIZON COMMUNICATIONS INC	1,885,823	$71.1M	0.21%	Put
66	CYTK 4 11/15/26CYTOKINETICS INC	8,631,000	$68.7M	0.21%
67	ARMARM HOLDINGS PLC	902,000	$67.8M	0.20%
68	NOWSERVICENOW INC	95,671	$67.6M	0.20%	Put
69	TXNTEXAS INSTRS INC	394,700	$67.3M	0.20%	Put
70	XOPSPDR SER TR	484,174	$66.3M	0.20%	Put
71	LULULULULEMON ATHLETICA INC	126,100	$64.5M	0.19%	Put
72	TMOTHERMO FISHER SCIENTIFIC INC	119,115	$63.2M	0.19%	Put
73	MUMICRON TECHNOLOGY INC	716,991	$61.2M	0.18%	Put
74	DHRDANAHER CORPORATION	261,500	$60.5M	0.18%	Put
75	EXASEXACT SCIENCES CORP	52,371,000	$60.3M	0.18%
76	DDOG 0.125 06/15/25DATADOG INC	43,000,000	$60.2M	0.18%
77	MCDMCDONALDS CORP	200,678	$59.5M	0.18%	Put
78	KOCOCA COLA CO	1,009,650	$59.5M	0.18%	Put
79	PYPLPAYPAL HLDGS INC	956,266	$58.7M	0.18%	Put
80	DXJWISDOMTREE TR	662,056	$58.2M	0.18%	Call
81	TRVCCITIGROUP INC	1,089,343	$56.0M	0.17%	Put
82	CYBR 0 11/15/24CYBERARK SOFTWARE LTD	39,345,000	$55.9M	0.17%
83	UPSUNITED PARCEL SERVICE INC	355,278	$55.9M	0.17%	Put
84	TSMTAIWAN SEMICONDUCTOR MFG LTD	536,620	$55.8M	0.17%	Call
85	ACNACCENTURE PLC IRELAND	155,800	$54.7M	0.16%	Put
86	CVSCVS HEALTH CORP	676,084	$53.4M	0.16%	Put
87	GTLS 1 11/15/24CHART INDS INC	22,880,000	$53.3M	0.16%
88	VRNS 1.25 08/15/25VARONIS SYS INC	34,723,000	$53.2M	0.16%
89	AXPAMERICAN EXPRESS CO	281,429	$52.7M	0.16%	Put
90	ADIANALOG DEVICES INC	257,117	$51.1M	0.15%	Put
91	AKAM 0.125 05/01/25AKAMAI TECHNOLOGIES INC	39,914,000	$50.9M	0.15%
92	—IRONWOOD PHARMACEUTICALS INC	47,700,000	$50.2M	0.15%
93	GEGENERAL ELECTRIC CO	390,400	$49.8M	0.15%	Put
94	SBUXSTARBUCKS CORP	516,687	$49.6M	0.15%	Put
95	PFEPFIZER INC	1,720,023	$49.5M	0.15%	Put
96	Z 0.75 09/01/24ZILLOW GROUP INC	36,146,000	$48.9M	0.15%
97	PEPPEPSICO INC	286,043	$48.6M	0.15%	Put
98	USMVISHARES TR	622,029	$48.5M	0.15%
99	AMDADVANCED MICRO DEVICES INC	318,602	$47.0M	0.14%	Put
100	BMYBRISTOL-MYERS SQUIBB CO	914,096	$46.9M	0.14%	Put

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