Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Capstone Investment Advisors, LLC has $41.41 billion in total holdings as of December 31, 2024.
Capstone Investment Advisors, LLC owns shares of 794 different stocks, but just 57 companies or ETFs make up 80% of its holdings.
Approximately 32.22% of the portfolio was purchased this quarter.
About 13.89% of the portfolio was sold this quarter.
This quarter, Capstone Investment Advisors, LLC has purchased 867 new stocks and bought additional shares in 471 stocks.
Capstone Investment Advisors, LLC sold shares of 158 stocks and completely divested from 186 stocks this quarter.

Largest Holdings

SPDR S&P 500 ETF Trust: $5,435,964,674
Microsoft: $4,262,221,488
Amazon.com: $3,154,942,502
NVIDIA: $2,921,857,916
Invesco QQQ: $2,484,809,387

Largest New Holdings this Quarter

LAM RESEARCH CORP: $46,966,257 Holding
ARISTA NETWORKS INC: $37,189,476 Holding
APPLOVIN CORP: $30,325,708 Holding
iShares U.S. Real Estate ETF: $27,918,093 Holding
SHIFT4 PMTS INC: $26,180,856 Holding

Largest Purchases this Quarter

Microsoft: 7,904,994 shares (about $3.33B)
Amazon.com: 10,809,484 shares (about $2.37B)
NVIDIA: 6,940,272 shares (about $932.01M)
iShares Core S&P 500 ETF: 1,477,451 shares (about $869.75M)
Apple: 2,656,962 shares (about $665.36M)

Largest Sales this Quarter

SPDR S&P 500 ETF Trust: 4,357,381 shares (about $2.55B)
Invesco QQQ: 2,410,472 shares (about $1.23B)
iShares iBoxx $ High Yield Corporate Bond ETF: 3,642,200 shares (about $286.46M)
Industrial Select Sector SPDR Fund: 1,303,110 shares (about $171.70M)
iShares Russell 2000 ETF: 509,792 shares (about $112.64M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
SPY SPDR S&P 500 ETF Trust	$5,435,964,674	$2,553,773,857 ▼	-32.0%	9,275,124	13.1%	Finance
MSFT Microsoft	$4,262,221,488	$3,331,954,971 ▲	358.2%	10,112,032	10.3%	Computer and Technology
AMZN Amazon.com	$3,154,942,502	$2,371,492,695 ▲	302.7%	14,380,521	7.6%	Retail/Wholesale
NVDA NVIDIA	$2,921,857,916	$932,009,127 ▲	46.8%	21,757,822	7.1%	Computer and Technology
QQQ Invesco QQQ	$2,484,809,387	$1,232,305,600 ▼	-33.2%	4,860,453	6.0%	Finance
AAPL Apple	$1,728,569,126	$665,356,424 ▲	62.6%	6,902,680	4.2%	Computer and Technology
VOO Vanguard S&P 500 ETF	$1,250,896,447	$249,033,133 ▲	24.9%	2,321,591	3.0%	ETF
IVV iShares Core S&P 500 ETF	$1,137,931,391	$869,745,855 ▲	324.3%	1,933,022	2.7%	ETF
META Meta Platforms	$974,916,307	$210,110,849 ▲	27.5%	1,665,072	2.4%	Computer and Technology
TSLA Tesla	$835,151,216	$244,975,805 ▲	41.5%	2,068,025	2.0%	Auto/Tires/Trucks
GOOGL Alphabet	$643,396,626	$165,524,109 ▲	34.6%	3,398,820	1.6%	Computer and Technology
AVGO Broadcom	$558,907,353	$135,304,606 ▲	31.9%	2,410,746	1.3%	Computer and Technology
IWM iShares Russell 2000 ETF	$522,315,191	$112,643,640 ▼	-17.7%	2,363,845	1.3%	Finance
GOOG Alphabet	$482,449,841	$110,924,254 ▲	29.9%	2,533,343	1.2%	Computer and Technology
HYG iShares iBoxx $ High Yield Corporate Bond ETF	$383,969,379	$286,459,030 ▼	-42.7%	4,882,001	0.9%	ETF
JPM JPMorgan Chase & Co.	$361,039,456	$90,209,105 ▲	33.3%	1,506,151	0.9%	Finance
EEM iShares MSCI Emerging Markets ETF	$302,151,340	$150,349,549 ▲	99.0%	7,225,044	0.7%	Finance
XLF Financial Select Sector SPDR Fund	$279,442,562	$6,150,331 ▲	2.3%	5,781,969	0.7%	ETF
NFLX Netflix	$279,266,600	$52,086,067 ▲	22.9%	313,318	0.7%	Consumer Discretionary
COST Costco Wholesale	$227,051,706	$24,563,366 ▲	12.1%	247,800	0.5%	Retail/Wholesale
BRK.B Berkshire Hathaway	$222,088,162	$116,666,113 ▲	110.7%	489,958	0.5%	Finance
LLY Eli Lilly and Company	$216,639,412	$71,518,080 ▲	49.3%	280,621	0.5%	Medical
GDX VanEck Gold Miners ETF	$215,566,718	$43,112,326 ▼	-16.7%	6,357,025	0.5%	ETF
WMT Walmart	$195,941,864	$58,671,664 ▲	42.7%	2,168,698	0.5%	Retail/Wholesale
CRM Salesforce	$192,736,564	$48,628,967 ▲	33.7%	576,486	0.5%	Computer and Technology
XOM Exxon Mobil	$186,665,898	$52,904,324 ▲	39.6%	1,735,297	0.5%	Oils/Energy
BAC Bank of America	$171,827,711	$11,627,939 ▲	7.3%	3,909,618	0.4%	Finance
HD Home Depot	$156,540,468	$55,830,957 ▲	55.4%	402,428	0.4%	Retail/Wholesale
NOVA LTD	$153,108,950		0.0%	58,150,000	0.4%	NOTE 10/1
V Visa	$151,501,043	$41,645,539 ▲	37.9%	479,373	0.4%	Business Services
MS Morgan Stanley	$150,883,109	$32,352,533 ▲	27.3%	1,200,152	0.4%	Finance
FXI iShares China Large-Cap ETF	$147,957,090	$142,393,084 ▲	2,559.2%	4,860,614	0.4%	ETF
ADBE Adobe	$144,478,755	$36,551,807 ▲	33.9%	324,905	0.3%	Computer and Technology
UNH UnitedHealth Group	$143,155,345	$70,942,818 ▲	98.2%	282,994	0.3%	Medical
JNJ Johnson & Johnson	$142,739,940	$45,616,185 ▲	47.0%	987,000	0.3%	Medical
WFC Wells Fargo & Company	$137,429,196	$43,132,698 ▲	45.7%	1,956,566	0.3%	Finance
PG Procter & Gamble	$136,387,131	$41,109,289 ▲	43.1%	813,523	0.3%	Consumer Staples
INTC Intel	$133,063,369	$80,222,717 ▲	151.8%	6,636,577	0.3%	Computer and Technology
QCOM QUALCOMM	$128,601,447	$37,155,148 ▲	40.6%	837,140	0.3%	Computer and Technology
ORCL Oracle	$128,560,427	$4,213,659 ▲	3.4%	771,486	0.3%	Computer and Technology
MA Mastercard	$126,832,810	$45,240,788 ▲	55.4%	240,866	0.3%	Business Services
ABBV AbbVie	$122,433,701	$52,218,034 ▲	74.4%	688,991	0.3%	Medical
AMD Advanced Micro Devices	$117,183,331	$47,519,631 ▲	68.2%	970,141	0.3%	Computer and Technology
INSIGHT ENTERPRISES INC	$108,258,904		0.0%	48,257,000	0.3%	NOTE 0.750% 2/1
CVX Chevron	$100,328,061	$40,725,966 ▲	68.3%	692,682	0.2%	Oils/Energy
MU Micron Technology	$98,589,232	$35,392,310 ▲	56.0%	1,171,450	0.2%	Computer and Technology
GS The Goldman Sachs Group	$97,150,137	$21,588,919 ▲	28.6%	169,659	0.2%	Finance
DIS Walt Disney	$94,937,901	$22,190,719 ▲	30.5%	852,608	0.2%	Consumer Discretionary
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF	$93,499,317	$26,567,582 ▼	-22.1%	875,134	0.2%	Finance
TXN Texas Instruments	$92,650,004	$22,082,678 ▲	31.3%	494,107	0.2%	Computer and Technology
IBM International Business Machines	$91,553,040	$9,994,571 ▲	12.3%	416,472	0.2%	Computer and Technology
VARONIS SYS INC	$90,012,003	$18,540,325 ▲	25.9%	61,779,000	0.2%	NOTE 1.250% 8/1
XOP SPDR S&P Oil & Gas Exploration & Production ETF	$89,998,363	$44,631,061 ▼	-33.2%	679,900	0.2%	ETF
ZSCALER INC	$89,053,250	$24,287,250 ▲	37.5%	71,500,000	0.2%	NOTE 0.125% 7/0
MRK Merck & Co., Inc.	$88,087,650	$17,514,449 ▲	24.8%	885,481	0.2%	Medical
CSCO Cisco Systems	$87,580,480	$5,283,363 ▲	6.4%	1,479,400	0.2%	Computer and Technology
PYPL PayPal	$86,457,331	$13,183,417 ▲	18.0%	1,012,974	0.2%	Computer and Technology
INTU Intuit	$85,677,749	$5,609,991 ▲	7.0%	136,321	0.2%	Computer and Technology
TMUS T-Mobile US	$84,090,184	$18,399,170 ▲	28.0%	380,964	0.2%	Computer and Technology
PANW Palo Alto Networks	$83,416,833	$51,573,833 ▲	162.0%	458,435	0.2%	Computer and Technology
PEP PepsiCo	$81,853,746	$24,685,725 ▲	43.2%	538,299	0.2%	Consumer Staples
BA Boeing	$81,454,869	$18,400,212 ▲	29.2%	460,197	0.2%	Aerospace
NOW ServiceNow	$79,084,952	$13,328,889 ▲	20.3%	74,600	0.2%	Computer and Technology
MCD McDonald's	$78,608,022	$28,080,485 ▲	55.6%	271,165	0.2%	Retail/Wholesale
GM General Motors	$77,114,611	$4,097,369 ▼	-5.0%	1,447,618	0.2%	Auto/Tires/Trucks
AMAT Applied Materials	$76,013,913	$30,343,018 ▲	66.4%	467,404	0.2%	Computer and Technology
SBUX Starbucks	$75,497,421	$17,690,637 ▲	30.6%	827,369	0.2%	Retail/Wholesale
CLOUDFLARE INC	$74,692,071	$2,396,250 ▲	3.3%	77,926,000	0.2%	NOTE 8/1
MSTR MicroStrategy	$74,545,292	$9,389,480 ▲	14.4%	257,390	0.2%	Computer and Technology
ISRG Intuitive Surgical	$73,762,343	$12,797,937 ▲	21.0%	141,318	0.2%	Medical
DATADOG INC	$72,991,000	$18,636,000 ▲	34.3%	47,000,000	0.2%	NOTE 0.125% 6/1
NKE NIKE	$68,628,755	$12,196,642 ▲	21.6%	906,948	0.2%	Consumer Discretionary
VZ Verizon Communications	$67,703,630	$18,617,385 ▲	37.9%	1,693,014	0.2%	Computer and Technology
TMO Thermo Fisher Scientific	$67,360,421	$24,076,244 ▲	55.6%	129,482	0.2%	Medical
INNOVIVA INC	$66,240,665	$10,539,165 ▲	18.9%	60,055,000	0.2%	NOTE 2.500% 8/1
CAT Caterpillar	$66,032,477	$15,317,541 ▲	30.2%	182,028	0.2%	Industrial Products
NEOGENOMICS INC	$65,037,009	$1,977,500 ▲	3.1%	65,777,000	0.2%	NOTE 1.250% 5/0
LINDE PLC	$64,599,106	$18,876,993 ▲	41.3%	154,296	0.2%	SHS
CMCSA Comcast	$63,452,159	$20,105,647 ▲	46.4%	1,690,705	0.2%	Consumer Discretionary
PFE Pfizer	$63,037,562	$13,435,402 ▲	27.1%	2,376,086	0.2%	Medical
C Citigroup	$62,590,929	$8,821,275 ▲	16.4%	889,202	0.2%	Finance
LIVONGO HEALTH INC	$62,348,580	$9,800,000 ▲	18.6%	63,621,000	0.2%	NOTE 0.875% 6/0
EXACT SCIENCES CORP	$61,296,862	$5,992,752 ▼	-8.9%	61,371,000	0.1%	NOTE 1.000% 1/1
T AT&T	$61,139,727	$5,533,110 ▲	10.0%	2,685,100	0.1%	Computer and Technology
AKAMAI TECHNOLOGIES INC	$60,956,125	$1,593,846 ▲	2.7%	57,367,000	0.1%	NOTE 0.125% 5/0
GE General Electric	$60,666,860	$13,232,285 ▲	27.9%	363,732	0.1%	Transportation
UNITED STATES STL CORP	$60,418,500		0.0%	23,500,000	0.1%	NOTE 5.000%11/0
AXP American Express	$59,867,588	$17,277,333 ▲	40.6%	201,717	0.1%	Finance
KO Coca-Cola	$59,803,656	$19,609,285 ▲	48.8%	960,547	0.1%	Consumer Staples
HON Honeywell International	$58,563,790	$11,015,300 ▲	23.2%	259,258	0.1%	Multi-Sector Conglomerates
ABT Abbott Laboratories	$57,715,961	$18,848,085 ▲	48.5%	510,264	0.1%	Medical
CNX RES CORP	$57,547,700		0.0%	20,104,000	0.1%	NOTE 2.250% 5/0
AMGN Amgen	$57,355,656	$27,450,605 ▲	91.8%	220,057	0.1%	Medical
UBER Uber Technologies	$57,013,258	$25,461,675 ▲	80.7%	945,180	0.1%	Computer and Technology
UPS United Parcel Service	$56,873,748	$15,960,477 ▲	39.0%	451,021	0.1%	Transportation
ACN Accenture	$55,051,617	$17,115,287 ▲	45.1%	156,490	0.1%	Computer and Technology
XME SPDR S&P Metals & Mining ETF	$53,125,321	$28,638,150 ▲	117.0%	936,129	0.1%	ETF
CINEMARK HLDGS INC	$52,823,364		0.0%	24,288,000	0.1%	NOTE 4.500% 8/1
INTERDIGITAL INC	$52,315,993	$20,848,862 ▲	66.3%	20,782,000	0.1%	NOTE 3.500% 6/0
TGT Target	$51,431,394	$20,813,124 ▲	68.0%	380,466	0.1%	Retail/Wholesale

Showing largest 100 holdings. View all holdings.

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Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

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Capstone Investment Advisors, LLC Top Holdings and 13F Report (2025)

About Capstone Investment Advisors, LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofCapstone Investment Advisors, LLC

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools