Fund HoldingsCAPSTONE INVESTMENT ADVISORS, LLC

Total Portfolio Value
$40.39B
Total Bought
$7.63B
Total Sold
$7.34B
Net Transaction
+$286.45M
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
SPDR S&P 500 ETF TR(SPY)(Put)15,318,60018,648,000+3,329,4008,569,07211,521,667+2,952,595
NVIDIA CORPORATION(NVDA)(Put)012,790,200+12,790,20002,020,724+2,020,724
APPLE INC(AAPL)1,499,7343,817,310+2,317,576333,136783,1971.94%+450,062
NVIDIA CORPORATION(NVDA)9,859,3239,480,906-378,4171,068,5531,497,8883.71%+429,335
APPLE INC(AAPL)(Put)04,935,400+4,935,40001,012,596+1,012,596
TESLA INC(TSLA)(Put)5,232,9005,326,100+93,2001,356,1581,691,889+335,731
SPDR GOLD TR(GLD)(Put)01,110,400+1,110,4000338,483+338,483
ADVANCED MICRO DEVICES INC(AMD)(Put)1,773,7003,373,400+1,599,700182,230478,685+296,456
ADVANCED MICRO DEVICES INC(AMD)1,471,6233,151,229+1,679,606151,195447,1591.11%+295,965
SPDR S&P 500 ETF TR(SPY)(Call)01,200,000+1,200,0000741,420+741,420
TESLA INC(TSLA)(Call)0657,800+657,8000208,957+208,957
ISHARES TR(Put)2,697,7003,024,000+326,300538,164652,549+114,385
ISHARES BITCOIN TRUST ETF(IBIT)(Put)954,1002,224,100+1,270,00044,661136,137+91,476
AZEK CO INC01,900,000+1,900,0000103,2650.26%+103,265
ISHARES TR(Call)02,141,800+2,141,8000103,320+103,320
NVIDIA CORPORATION(NVDA)(Call)01,569,700+1,569,7000247,997+247,997
MICROSOFT CORP(MSFT)(Put)02,245,900+2,245,90001,117,133+1,117,133
ISHARES TR(Put)6,527,7007,300,300+772,600285,260352,166+66,906
ISHARES TR0959,240+959,2400595,5921.47%+595,592
CITIGROUP INC(C)0664,205+664,205056,5370.14%+56,537
ISHARES TR(Put)0551,000+551,000051,034+51,034
CITIGROUP INC(C)(Put)0824,000+824,000070,139+70,139
SPDR GOLD TR(GLD)0162,401+162,401049,5050.12%+49,505
FLUOR CORP NEW(FLR)0855,770+855,770043,8750.11%+43,875
CATERPILLAR INC(CAT)0122,577+122,577047,5860.12%+47,586
FRONTIER COMMUNICATIONS PARE1,485,0002,650,000+1,165,00053,25296,4600.24%+43,208
KELLANOVA300,000850,646+550,64624,74767,6520.17%+42,905
ISHARES TR(Call)01,163,900+1,163,900042,785+42,785
DEXCOM INC(DXCM)00038,55580,2400.20%+41,686
ZSCALER INC(ZS)00094,952136,1260.34%+41,174
KNIGHT-SWIFT TRANSN HLDGS IN(KNX)0797,987+797,987035,2950.09%+35,295
DIGITALOCEAN HLDGS INC(DOCN)00049,06979,8840.20%+30,815
META PLATFORMS INC(META)(Put)0292,700+292,7000216,039+216,039
ALCOA CORP(AA)0959,409+959,409028,3120.07%+28,312
MICROSTRATEGY INC(MSTR)000025,8180.06%+25,818
INVESCO QQQ TR079,371+79,371043,7840.11%+43,784
ALARM COM HLDGS INC(ALRM)00016,25640,3730.10%+24,116
META PLATFORMS INC(META)053,203+53,203039,2690.10%+39,269
CLOUDFLARE INC(NET)00061,77984,6290.21%+22,850
QXO INC(QXO)01,000,000+1,000,000021,5400.05%+21,540
SPOTIFY USA INC(SPOT)00031,06252,3500.13%+21,288
VARONIS SYS INC(VRNS)00082,444102,2750.25%+19,831
GXO LOGISTICS INCORPORATED(GXO)0963,125+963,125046,9040.12%+46,904
GALLAGHER ARTHUR J & CO(AJG)057,174+57,174018,3030.05%+18,303
CAPITAL ONE FINL CORP(COF)092,098+92,098019,5950.05%+19,595
EXACT SCIENCES CORP000029,0970.07%+29,097
SCHLUMBERGER LTD(SLB)01,066,263+1,066,263036,0400.09%+36,040
GAMESTOP CORP NEW(GME)(Put)0983,500+983,500023,988+23,988
FOOT LOCKER INC0650,000+650,000015,9250.04%+15,925
SKECHERS U S A INC0250,000+250,000015,7750.04%+15,775
CINEMARK HLDGS INC(CNK)00032,38248,0750.12%+15,693
IONIS PHARMACEUTICALS INC(IONS)00050,14865,4520.16%+15,305
TAIWAN SEMICONDUCTOR MFG LTD(TSM)(Put)085,700+85,700019,410+19,410
T-MOBILE US INC(TMUS)062,307+62,307014,8450.04%+14,845
GOLDMAN SACHS GROUP INC(GS)023,259+23,259016,4620.04%+16,462
SPIRIT AEROSYSTEMS HLDGS INC0512,434+512,434019,5490.05%+19,549
UBER TECHNOLOGIES INC(UBER)00020,76434,8870.09%+14,123
ISHARES TR0334,801+334,801017,8420.04%+17,842
CONMED CORP(CNMD)000019,9490.05%+19,949
ISHARES TR(Call)0172,000+172,000015,375+15,375
INNOVIVA INC00066,78479,9180.20%+13,135
TENARIS S A(TS)0921,547+921,547034,4660.09%+34,466
SOUTHERN CO(SO)000012,7080.03%+12,708
COINBASE GLOBAL INC(COIN)(Put)035,700+35,700012,512+12,512
SAREPTA THERAPEUTICS INC(SRPT)000012,2830.03%+12,283
MARVELL TECHNOLOGY INC(MRVL)(Put)0187,800+187,800014,536+14,536
CHEFS WHSE INC(CHEF)00019,48831,5320.08%+12,044
BIOMARIN PHARMACEUTICAL INC(BMRN)000011,8130.03%+11,813
WELLS FARGO CO NEW(WFC)0187,210+187,210014,9990.04%+14,999
ISHARES TR0249,201+249,201020,0980.05%+20,098
MR COOPER GROUP INC075,000+75,000011,1910.03%+11,191
SELECT SECTOR SPDR TR(Call)
ST STR MATER ETF
0129,600+129,600011,380+11,380
ISHARES TR0126,517+126,517011,3090.03%+11,309
SPDR SERIES TRUST
ST STR CONV ETF
0130,801+130,801010,8120.03%+10,812
CELSIUS HLDGS INC(CELH)0227,805+227,805010,5680.03%+10,568
NOVO-NORDISK A S(NVO)0150,000+150,000010,3530.03%+10,353
FOX CORP(FOX)0200,000+200,000010,3260.03%+10,326
UNITEDHEALTH GROUP INC(UNH)055,949+55,949017,4540.04%+17,454
MAGNITE INC(MGNI)000010,1490.03%+10,149
TRIPADVISOR INC(TRIP)00019,34529,4790.07%+10,134
MONSTER BEVERAGE CORP NEW(MNST)0190,865+190,865011,9560.03%+11,956
FAIR ISAAC CORP(FICO)05,221+5,22109,5440.02%+9,544
BRITISH AMERN TOB PLC(BTI)(Put)0200,000+200,00009,466+9,466
CONSTELLIUM SE(CSTM)01,413,555+1,413,555018,8000.05%+18,800
VANGUARD INDEX FDS0202,774+202,7740115,1820.29%+115,182
INTERPUBLIC GROUP COS INC650,0001,100,000+450,00017,65426,9280.07%+9,274
BERKSHIRE HATHAWAY INC DEL019,139+19,13909,2970.02%+9,297
DICKS SPORTING GOODS INC(DKS)(Call)045,000+45,00008,901+8,901
DAYFORCE INC00031,94440,7550.10%+8,811
PTC THERAPEUTICS INC(PTCT)00008,6670.02%+8,667
NASDAQ INC(NDAQ)0100,000+100,00008,9420.02%+8,942
SPDR SERIES TRUST
ST TERM HIGH ETF
0732,801+732,801018,6720.05%+18,672
NETFLIX INC(NFLX)06,982+6,98209,3500.02%+9,350
SPDR SERIES TRUST(Call)
ST STR SP METAL
0373,600+373,600025,113+25,113
SPDR SERIES TRUST(Put)
ST STR SP METAL
0373,600+373,600025,113+25,113
APPLIED MATLS INC(Call)068,100+68,100012,467+12,467
VISA INC(V)021,106+21,10607,4940.02%+7,494
APPLOVIN CORP(APP)(Put)026,400+26,40009,242+9,242
RYDER SYS INC(R)0127,004+127,004020,1940.05%+20,194
ENCORE CAP GROUP INC00037,96745,1530.11%+7,186
Page 1 of 1