CAPSTONE INVESTMENT ADVISORS, LLC Q4 2024 Filing

Filed February 14, 2025

Portfolio Value

$41.4B

Holdings

794

Report Date

Q4 2024

Filing Type

13F-HR

All Holdings (794 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPDR S&P 500 ETF TR	9,275,124	$5.4B	13.13%	Put
2	MSFTMICROSOFT CORP	10,112,032	$4.3B	10.29%	Put
3	AMZNAMAZON COM INC	14,380,521	$3.2B	7.62%	Put
4	NVDANVIDIA CORPORATION	21,757,822	$2.9B	7.06%	Put
5	NDQINVESCO QQQ TR	4,860,453	$2.5B	6.00%	Put
6	AAPLAPPLE INC	6,902,680	$1.7B	4.17%	Put
7	VOOVANGUARD INDEX FDS	2,321,591	$1.3B	3.02%
8	IVVISHARES TR	1,933,022	$1.1B	2.75%
9	METAMETA PLATFORMS INC	1,665,072	$974.9M	2.35%	Put
10	TSLATESLA INC	2,068,025	$835.2M	2.02%	Put
11	GOOGLALPHABET INC	3,398,820	$643.4M	1.55%	Put
12	AVGOBROADCOM INC	2,410,746	$558.9M	1.35%	Put
13	IWMISHARES TR	2,363,845	$522.3M	1.26%	Put
14	GOOGALPHABET INC	2,533,343	$482.4M	1.17%	Put
15	HYGISHARES TR	4,882,001	$384.0M	0.93%	Put
16	JPMJPMORGAN CHASE & CO.	1,506,151	$361.0M	0.87%	Put
17	EEMISHARES TR	7,225,044	$302.2M	0.73%	Put
18	XLFSELECT SECTOR SPDR TR	5,781,969	$279.4M	0.67%	Put
19	NFLXNETFLIX INC	313,318	$279.3M	0.67%	Put
20	COSTCOSTCO WHSL CORP NEW	247,800	$227.1M	0.55%	Put
21	BRK/BBERKSHIRE HATHAWAY INC DEL	489,958	$222.1M	0.54%	Put
22	LLYELI LILLY & CO	280,621	$216.6M	0.52%	Put
23	GDXVANECK ETF TRUST	6,357,025	$215.6M	0.52%	Put
24	WMTWALMART INC	2,168,698	$195.9M	0.47%	Put
25	CRMSALESFORCE INC	576,486	$192.7M	0.47%	Put
26	XOMEXXON MOBIL CORP	1,735,297	$186.7M	0.45%	Put
27	BACBANK AMERICA CORP	3,909,618	$171.8M	0.41%	Put
28	HDHOME DEPOT INC	402,428	$156.5M	0.38%	Put
29	NVMI 0 10/15/25NOVA LTD	58,150,000	$153.1M	0.37%
30	VVISA INC	479,373	$151.5M	0.37%	Put
31	DWDMORGAN STANLEY	1,200,152	$150.9M	0.36%	Put
32	FXIISHARES TR	4,860,614	$148.0M	0.36%	Put
33	ADBEADOBE INC	324,905	$144.5M	0.35%	Put
34	UNHUNITEDHEALTH GROUP INC	282,994	$143.2M	0.35%	Put
35	JNJJOHNSON & JOHNSON	987,000	$142.7M	0.34%	Put
36	WFCWELLS FARGO CO NEW	1,956,566	$137.4M	0.33%	Put
37	PGPROCTER AND GAMBLE CO	813,523	$136.4M	0.33%	Put
38	INTCINTEL CORP	6,636,577	$133.1M	0.32%	Put
39	QCOMQUALCOMM INC	837,140	$128.6M	0.31%	Put
40	ORCLORACLE CORP	771,486	$128.6M	0.31%	Put
41	MAMASTERCARD INCORPORATED	240,866	$126.8M	0.31%	Put
42	ABBVABBVIE INC	688,991	$122.4M	0.30%	Put
43	AMDADVANCED MICRO DEVICES INC	970,141	$117.2M	0.28%	Put
44	NSIT 0.75 02/15/25INSIGHT ENTERPRISES INC	48,257,000	$108.3M	0.26%
45	CVXCHEVRON CORP NEW	692,682	$100.3M	0.24%	Put
46	MUMICRON TECHNOLOGY INC	1,171,450	$98.6M	0.24%	Put
47	GSGOLDMAN SACHS GROUP INC	169,659	$97.2M	0.23%	Put
48	DISDISNEY WALT CO	852,608	$94.9M	0.23%	Put
49	LQDISHARES TR	875,134	$93.5M	0.23%	Put
50	TXNTEXAS INSTRS INC	494,107	$92.7M	0.22%	Put
51	IBMINTERNATIONAL BUSINESS MACHS	416,472	$91.6M	0.22%	Put
52	VRNS 1.25 08/15/25VARONIS SYS INC	61,779,000	$90.0M	0.22%
53	XOPSPDR SER TR	679,900	$90.0M	0.22%	Put
54	ZS 0.125 07/01/25ZSCALER INC	71,500,000	$89.1M	0.22%
55	MRKMERCK & CO INC	885,481	$88.1M	0.21%	Put
56	CSCOCISCO SYS INC	1,479,400	$87.6M	0.21%	Put
57	PYPLPAYPAL HLDGS INC	1,012,974	$86.5M	0.21%	Put
58	INTUINTUIT	136,321	$85.7M	0.21%	Put
59	TMUST-MOBILE US INC	380,964	$84.1M	0.20%	Put
60	PANWPALO ALTO NETWORKS INC	458,435	$83.4M	0.20%	Put
61	PEPPEPSICO INC	538,299	$81.9M	0.20%	Put
62	BABOEING CO	460,197	$81.5M	0.20%	Put
63	NOWSERVICENOW INC	74,600	$79.1M	0.19%	Put
64	MCDMCDONALDS CORP	271,165	$78.6M	0.19%	Put
65	GMGENERAL MTRS CO	1,447,618	$77.1M	0.19%	Put
66	AMATAPPLIED MATLS INC	467,404	$76.0M	0.18%	Put
67	SBUXSTARBUCKS CORP	827,369	$75.5M	0.18%	Put
68	NET 0 08/15/26CLOUDFLARE INC	77,926,000	$74.7M	0.18%
69	MIGAMICROSTRATEGY INC	257,390	$74.5M	0.18%	Put
70	ISRGINTUITIVE SURGICAL INC	141,318	$73.8M	0.18%	Put
71	DDOG 0.125 06/15/25DATADOG INC	47,000,000	$73.0M	0.18%
72	NKENIKE INC	906,948	$68.6M	0.17%	Put
73	BACVERIZON COMMUNICATIONS INC	1,693,014	$67.7M	0.16%	Put
74	TMOTHERMO FISHER SCIENTIFIC INC	129,482	$67.4M	0.16%	Put
75	INVA 2.5 08/15/25INNOVIVA INC	60,055,000	$66.2M	0.16%
76	CATCATERPILLAR INC	182,028	$66.0M	0.16%	Put
77	NEO 1.25 05/01/25NEOGENOMICS INC	65,777,000	$65.0M	0.16%
78	LINLINDE PLC	154,296	$64.6M	0.16%	Put
79	CMCSACOMCAST CORP NEW	1,690,705	$63.5M	0.15%	Put
80	PFEPFIZER INC	2,376,086	$63.0M	0.15%	Put
81	TRVCCITIGROUP INC	889,202	$62.6M	0.15%	Put
82	TDOC 0.875 06/01/25LIVONGO HEALTH INC	63,621,000	$62.3M	0.15%
83	EXASEXACT SCIENCES CORP	61,371,000	$61.3M	0.15%
84	TAT&T INC	2,685,100	$61.1M	0.15%	Put
85	AKAM 0.125 05/01/25AKAMAI TECHNOLOGIES INC	57,367,000	$61.0M	0.15%
86	GEGE AEROSPACE	363,732	$60.7M	0.15%	Put
87	X 5 11/01/26UNITED STATES STL CORP	23,500,000	$60.4M	0.15%
88	AXPAMERICAN EXPRESS CO	201,717	$59.9M	0.14%	Put
89	KOCOCA COLA CO	960,547	$59.8M	0.14%	Put
90	HONHONEYWELL INTL INC	259,258	$58.6M	0.14%	Put
91	ABTABBOTT LABS	510,264	$57.7M	0.14%	Put
92	CNX 2.25 05/01/26CNX RES CORP	20,104,000	$57.5M	0.14%
93	AMGNAMGEN INC	220,057	$57.4M	0.14%	Put
94	UBERUBER TECHNOLOGIES INC	945,180	$57.0M	0.14%	Put
95	UPSUNITED PARCEL SERVICE INC	451,021	$56.9M	0.14%	Put
96	ACNACCENTURE PLC IRELAND	156,490	$55.1M	0.13%	Put
97	XMESPDR SER TR	936,129	$53.1M	0.13%	Put
98	CNK 4.5 08/15/25CINEMARK HLDGS INC	24,288,000	$52.8M	0.13%
99	IDCC 3.5 06/01/27INTERDIGITAL INC	20,782,000	$52.3M	0.13%
100	DYHTARGET CORP	380,466	$51.4M	0.12%	Put

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