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Capstone Investment Advisors

Capstone Investment Advisors Portfolio holdings

AUM $54B
1-Year Est. Return 23.5%
This Fund
S&P 500
This Quarter Est. Return
-5.91%
1 Year Est. Return
+23.5%
3 Year Est. Return
+44.04%
5 Year Est. Return
+34.53%
10 Year Est. Return
+154.24%
AUM
$57.4B
AUM Growth
+$6.33B
Cap. Flow
-$2.01B
Cap. Flow %
-3.51%
Top 10 Hldgs %
58.64%
Holding
1,904
New
392
Increased
610
Reduced
449
Closed
346

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$858M
2
AMZN icon
Amazon
AMZN
+$683M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$287M
4
TSLA icon
Tesla
TSLA
+$223M
5
WBD icon
Warner Bros
WBD
+$181M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$837M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$652M
3
AMD icon
Advanced Micro Devices
AMD
+$374M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$152M
5
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$135M

Sector Composition

Rank Sector Weight
1 Miscellaneous 88.22%
2 Technology 4.77%
3 Consumer Discretionary 3.28%
4 Communication Services 1.76%
5 Industrials 0.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$827B
$9.99B 17.41%
15,366,400
-4,188,000
-21% -$2.85B
QQQ icon
2
PUT
Invesco QQQ Trust
QQQ
$493B
$9.73B 16.95%
16,859,400
+11,758,200
+230% +$7.14B
QQQ icon
3
CALL
Invesco QQQ Trust
QQQ
$493B
$5.63B 9.81%
9,756,800
+7,426,900
+319% +$4.51B
AMZN icon
4
PUT
Amazon
AMZN
$2.77T
$1.5B 2.6%
7,180,600
+3,260,500
+83% +$718M
NVDA icon
5
PUT
NVIDIA
NVDA
$5.52T
$1.43B 2.48%
8,179,700
-3,920,400
-32% -$719M
MSFT icon
6
PUT
Microsoft
MSFT
$3.75T
$1.27B 2.21%
3,420,600
+1,941,700
+131% +$812M
AMZN icon
7
Amazon
AMZN
$2.77T
$1.2B 2.09%
5,769,310
+3,100,042
+116% +$683M
MSFT icon
8
Microsoft
MSFT
$3.75T
$1.03B 1.79%
2,773,897
+2,051,565
+284% +$858M
IVV icon
9
iShares Core S&P 500 ETF
IVV
$900B
$1.02B 1.77%
1,557,834
-223,106
-13% -$152M
AAPL icon
10
PUT
Apple
AAPL
$4.6T
$877M 1.53%
3,456,800
+398,900
+13% +$104M
TSLA icon
11
PUT
Tesla
TSLA
$1.4T
$807M 1.41%
2,170,900
+304,300
+16% +$125M
SPY icon
12
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$827B
$737M 1.28%
1,133,800
+3,800
+0.3% +$2.58M
NVDA icon
13
NVIDIA
NVDA
$5.52T
$700M 1.22%
4,015,308
-4,562,393
-53% -$837M
LQD icon
14
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
$557M 0.97%
5,108,800
+4,408,800
+630% +$486M
TSLA icon
15
Tesla
TSLA
$1.4T
$541M 0.94%
1,454,100
+540,313
+59% +$223M
GOOG icon
16
PUT
Alphabet (Google) Class C
GOOG
$4.13T
$530M 0.92%
1,849,100
-211,700
-10% -$66.5M
VOO icon
17
Vanguard S&P 500 ETF
VOO
$1.03T
$511M 0.89%
855,335
+25,440
+3% +$15.9M
GOOGL icon
18
PUT
Alphabet (Google) Class A
GOOGL
$4.16T
$490M 0.85%
1,703,200
-2,039,900
-54% -$641M
FXI icon
19
PUT
iShares China Large-Cap ETF
FXI
$4.2B
$420M 0.73%
11,692,800
+5,678,000
+94% +$216M
NVDA icon
20
CALL
NVIDIA
NVDA
$5.52T
$418M 0.73%
2,394,900
-130,000
-5% -$23.9M
IWM icon
21
PUT
iShares Russell 2000 ETF
IWM
$81.9B
$399M 0.7%
1,610,000
-5,540,500
-77% -$1.43B
SPY icon
22
State Street SPDR S&P 500 ETF Trust
SPY
$827B
$386M 0.67%
593,324
+421,644
+246% +$287M
FXI icon
23
CALL
iShares China Large-Cap ETF
FXI
$4.2B
$361M 0.63%
10,049,600
+1,733,500
+21% +$65.9M
HYG icon
24
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
$355M 0.62%
4,467,200
+1,057,800
+31% +$85.1M
XLF icon
25
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.4B
$352M 0.61%
7,123,800
-3,082,200
-30% -$161M
1
2 3 4 5

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Capstone Investment Advisors's Q1 2026 Portfolio in Review

As of Q1 2026, Capstone Investment Advisors held 1,904 positions worth $57.4B, up 12% from $51.1B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Capstone Investment Advisors withdrew a net $2.01B in Q1 2026, closing 346 positions and reducing 449 holdings. Its most notable exit was State Street Financial Select Sector SPDR ETF, an estimated $135M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 88% of assets, up from 85% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Capstone Investment Advisors opened a new position in Webster Financial worth $59M.

  • Capstone Investment Advisors's largest Q1 2026 buy was Webster Financial: 849,500 shares worth $59M.
  • Capstone Investment Advisors added most to Microsoft in Q1 2026, an estimated $858M increase.
  • Capstone Investment Advisors's biggest Q1 2026 reduction was NVIDIA, cutting an estimated $837M.
  • Capstone Investment Advisors fully exited State Street Financial Select Sector SPDR ETF in Q1 2026, selling an estimated $135M.
  • Capstone Investment Advisors's ten largest holdings make up 59% of its $57.4B portfolio in Q1 2026.
  • Capstone Investment Advisors opened 392 new positions and closed 346 in Q1 2026.
  • Capstone Investment Advisors's portfolio value rose 12% quarter-over-quarter to $57.4B.

Based on Capstone Investment Advisors's 13F filing for Q1 2026, filed 15 May 2026.