CAPSTONE INVESTMENT ADVISORS, LLC

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
1,530
Total value ($000)
$51,086,110
Net value change ($000)
-2,637,098 (-4.9%)
New positions
207
Sold out positions
498
Turnover %
12.1%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IVV 575,744 89.4%
GOOGL 552,426 177.3%
NVDA 349,381 27.9%
GOOGL 232,181 387.4%
META 148,941 85.6%
VOO 144,438 38.4%
AVGO 127,117 943.9%
WBD 108,075 NEW
AMD 94,296 21.7%
KVUE 86,155 5298.6%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -759,608 -68.5%
TSLA -441,755 -51.8%
AMZN -425,037 -40.8%
CORZ -75,924 -95.4%
C -55,985 -96.6%
COOP -44,687 -100.0%
WMT -40,897 -89.1%
VRNA -40,016 -100.0%
FCX -35,078 -100.0%
SPY -32,287 -21.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 38,786,999 (75.9% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type