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Capstone Investment Advisors Portfolio holdings
AUM
$57.4B
1-Year Est. Return
26.91%
This Fund
S&P 500
This Quarter
Est. Return
+3.11%
1 Year Est. Return
+26.91%
3 Year Est. Return
+28.14%
5 Year Est. Return
+24.88%
10 Year Est. Return
+149.98%
AUM
$13.7B
AUM Growth
-$2.83B
(-17%)
Cap. Flow
-$5.88B
Cap. Flow
% of AUM
-42.81%
Top 10 Holdings %
Top 10 Hldgs %
40.17%
Holding
1,769
New
118
Increased
554
Reduced
424
Closed
276
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Min Vol Factor ETF
USMV
|
+$45.8M |
| 2 |
Realty Income
O
|
+$37.9M |
| 3 |
SPDR Gold Trust
GLD
|
+$36.8M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$31.4M |
| 5 |
Vanguard Morningstar Value ETF
VTV
|
+$16.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$109M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$82.3M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$80.6M |
| 4 |
Apple
AAPL
|
+$59M |
| 5 |
JPMorgan Chase
JPM
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.84% |
| 2 | Financials | 1.69% |
| 3 | Consumer Discretionary | 1.14% |
| 4 | Communication Services | 0.66% |
| 5 | Healthcare | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$81.8B
| $1.42B | 10.31% |
8,124,000
-6,535,800
| -45% | -$1.16B |
|
|
2
PUT
Invesco QQQ Trust
QQQ
$478B
| $1.22B | 8.88% |
4,581,800
-3,578,000
| -44% | -$989M |
|
|
3
CALL
Invesco QQQ Trust
QQQ
$478B
| $948M | 6.9% |
3,559,400
-510,400
| -13% | -$141M |
|
4
PUT
iShares MSCI EAFE ETF
EFA
$79.9B
| $533M | 3.88% |
8,113,600
-6,029,600
| -43% | -$378M |
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $473M | 3.45% |
1,237,700
+907,700
| +275% | +$349M |
|
6
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $258M | 1.88% |
3,500,000
-800,000
| -19% | -$59M |
|
|
7
CALL
SPDR Gold Trust
GLD
$143B
| $227M | 1.65% |
+1,339,400
| New | +$216M |
|
8
CALL
iShares China Large-Cap ETF
FXI
$4.25B
| $199M | 1.45% |
7,048,800
+4,083,000
| +138% | +$106M |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $126M | 0.92% |
328,893
-214,058
| -39% | -$82.3M |
|
|
10
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$807B
| $117M | 0.85% |
306,300
+206,300
| +206% | +$79.3M |
|
|
11
PUT
Apple
AAPL
$4.45T
| $111M | 0.81% |
856,000
-391,300
| -31% | -$55.9M |
|
12
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
| $105M | 0.77% |
1,000,000
| – | – |
|
|
13
PUT
Microsoft
MSFT
$3.74T
| $91M | 0.66% |
379,600
-400,900
| -51% | -$96.2M |
|
14
PUT
Berkshire Hathaway Class B
BRK.B
$1.11T
| $89.5M | 0.65% |
289,600
+23,900
| +9% | +$7.1M |
|
|
15
CALL
Apple
AAPL
$4.45T
| $82.3M | 0.6% |
633,200
+355,300
| +128% | +$50.8M |
|
16
PUT
ExxonMobil
XOM
$657B
| $76.6M | 0.56% |
694,200
-38,700
| -5% | -$4.15M |
|
|
17
CALL
Microsoft
MSFT
$3.74T
| $74.2M | 0.54% |
309,500
+204,700
| +195% | +$49.1M |
|
18
CALL
UnitedHealth
UNH
$365B
| $67.4M | 0.49% |
127,200
+73,100
| +135% | +$38.7M |
|
|
19
PUT
iShares MSCI Emerging Markets ETF
EEM
$29.9B
| $62M | 0.45% |
1,636,700
-5,411,500
| -77% | -$200M |
|
|
20
Vanguard Morningstar Value ETF
VTV
$192B
| $61.2M | 0.45% |
435,640
+121,600
| +39% | +$16.7M |
|
21
CALL
iShares MSCI Brazil ETF
EWZ
$8.6B
| $55.9M | 0.41% |
2,000,000
+1,100,000
| +122% | +$33.6M |
|
|
22
PUT
JPMorgan Chase
JPM
$962B
| $50M | 0.36% |
372,900
-30,900
| -8% | -$3.92M |
|
23
PUT
Amazon
AMZN
$2.94T
| $49.6M | 0.36% |
590,600
-1,130,000
| -66% | -$112M |
|
|
24
iShares MSCI Emerging Markets ETF
EEM
$29.9B
| $48.1M | 0.35% |
1,268,381
+849,695
| +203% | +$31.4M |
|
25
PUT
Eli Lilly
LLY
$1.08T
| $48M | 0.35% |
131,300
+62,100
| +90% | +$22M |
|
Similar funds
NAMI
Capstone Investment Advisors's Q4 2022 Portfolio in Review
As of Q4 2022, Capstone Investment Advisors held 1,769 positions worth $13.7B, down 17% from $16.6B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Capstone Investment Advisors withdrew a net $5.88B in Q4 2022, closing 276 positions and reducing 424 holdings. Its most notable exit was iShares US Real Estate ETF, an estimated $22.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, down from 2.7% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Capstone Investment Advisors opened a new position in iShares MSCI USA Min Vol Factor ETF worth $46.4M.
- Capstone Investment Advisors's largest Q4 2022 buy was iShares MSCI USA Min Vol Factor ETF: 643,380 shares worth $46.4M.
- Capstone Investment Advisors added most to Realty Income in Q4 2022, an estimated $37.9M increase.
- Capstone Investment Advisors's biggest Q4 2022 reduction was Microsoft, cutting an estimated $109M.
- Capstone Investment Advisors fully exited iShares US Real Estate ETF in Q4 2022, selling an estimated $22.4M.
- Capstone Investment Advisors's ten largest holdings make up 40% of its $13.7B portfolio in Q4 2022.
- Capstone Investment Advisors opened 118 new positions and closed 276 in Q4 2022.
- Capstone Investment Advisors's portfolio value fell 17% quarter-over-quarter to $13.7B.
Based on Capstone Investment Advisors's 13F filing for Q4 2022, filed 10 Feb 2023.