Capstone Investment Advisors, LLC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1426196) · Explore on the interactive board
Capstone Investment Advisors, LLC disclosed 942 US equity positions worth $14.4bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 17, 2026). Its largest position is MSFT at 11.2% of the reported book, followed by NVDA, WDC. The top ten holdings are 57.8% of the book, and the portfolio behaves like about 22 equal-weight positions. Versus the prior filing it opened 352 new positions, added to 273, reduced 272 and exited 25. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Capstone Investment Advisors, LLC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 352 new, 273 added, 272 reduced, 25 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 11.2% | $1.6bn | 4,303,251 | 55% | added |
| 2 | NVDA NVIDIA CORPORATION | Technology | 9.6% | $1.4bn | 6,869,767 | 71% | added |
| 3 | WDC WESTERN DIGITAL CORP | Technology | 9.4% | $1.4bn | 80,500,000 | 0% | held |
| 4 | IVV ISHARES TR | 8.1% | $1.2bn | 1,562,108 | 0% | held | |
| 5 | AMZN AMAZON COM INC | Consumer Cyclical | 5.1% | $736.3m | 3,089,477 | -46% | reduced |
| 6 | VOO VANGUARD INDEX FDS | 4.1% | $589.2m | 857,924 | 0% | held | |
| 7 | TSLA TESLA INC | Consumer Cyclical | 3.9% | $556.4m | 1,322,989 | -9% | reduced |
| 8 | META META PLATFORMS INC | Communication Services | 2.3% | $335.1m | 594,871 | 75% | added |
| 9 | QQQ INVESCO QQQ TR | 2.2% | $314.4m | 426,945 | 1256% | added | |
| 10 | AAPL APPLE INC | Technology | 1.9% | $270.5m | 934,697 | -5% | reduced |
| 11 | MU MICRON TECHNOLOGY INC | Technology | 1.8% | $265.9m | 230,359 | 331% | added |
| 12 | ECHOSTAR CORP | 1.4% | $205.0m | 65,588,000 | 25% | added | |
| 13 | NOK NOKIA CORP | Technology | 1.3% | $193.8m | 14,595,379 | – | new |
| 14 | ORCL ORACLE CORP | Technology | 1.2% | $178.4m | 1,217,291 | 38% | added |
| 15 | AVGO BROADCOM INC | Technology | 1.2% | $169.3m | 448,295 | 19% | added |
| 16 | SPCX SPACE EXPLORATION TECHN CORP | Industrials | 1.0% | $138.8m | 812,500 | – | new |
| 17 | IDCC INTERDIGITAL INC | Technology | 0.9% | $127.7m | 34,886,000 | 1% | added |
| 18 | BBIO BRIDGEBIO PHARMA INC | Healthcare | 0.9% | $124.5m | 69,872,000 | 29% | added |
| 19 | MSTR STRATEGY INC | Technology | 0.8% | $112.9m | 1,298,361 | 1948% | added |
| 20 | PLTR PALANTIR TECHNOLOGIES INC | Technology | 0.8% | $107.9m | 925,130 | 188% | added |
| 21 | BRK/B BERKSHIRE HATHAWAY INC DEL | 0.7% | $98.8m | 197,358 | 628% | added | |
| 22 | GOOG ALPHABET INC | Communication Services | 0.7% | $96.1m | 271,923 | -68% | reduced |
| 23 | WBD WARNER BROS DISCOVERY INC | Communication Services | 0.6% | $90.8m | 3,405,000 | -67% | reduced |
| 24 | NET CLOUDFLARE INC | Technology | 0.6% | $86.2m | 67,000,000 | -27% | reduced |
| 25 | CHEFS WHSE INC | 0.6% | $79.8m | 35,636,000 | -14% | reduced | |
| 26 | CHART INDS INC | 0.5% | $77.3m | 370,000 | 127% | added | |
| 27 | SPY STATE STR SPDR S&P 500 ETF T | 0.5% | $75.7m | 101,328 | -83% | reduced | |
| 28 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 0.5% | $74.2m | 773,268 | 9612% | added |
| 29 | WED WEBSTER FINL CORP | 0.5% | $71.5m | 935,000 | 10% | added | |
| 30 | LIVE NATION ENTERTAINMENT IN | 0.5% | $71.4m | 40,000,000 | – | new | |
| 31 | FXI ISHARES TR | 0.5% | $69.5m | 2,201,127 | 110% | added | |
| 32 | KVUE KENVUE INC | Consumer Defensive | 0.5% | $68.8m | 3,599,857 | 35% | added |
| 33 | MIRM MIRUM PHARMACEUTICALS INC | Healthcare | 0.5% | $68.3m | 18,448,000 | -32% | reduced |
| 34 | AKAMAI TECHNOLOGIES INC | 0.5% | $65.7m | 45,000,000 | – | new | |
| 35 | XERIS BIOPHARMA HOLDINGS INC | 0.4% | $62.6m | 23,074,000 | 0% | held | |
| 36 | XLE SELECT SECTOR SPDR TR | 0.4% | $61.9m | 1,164,746 | 0% | held | |
| 37 | BIOMARIN PHARMACEUTICAL INC | 0.4% | $60.8m | 62,432,000 | 15% | added | |
| 38 | UBER UBER TECHNOLOGIES INC | Technology | 0.4% | $57.3m | 47,871,000 | 46% | added |
| 39 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 0.4% | $52.7m | 110,383 | 132% | added |
| 40 | ETSY ETSY INC | Consumer Cyclical | 0.3% | $48.3m | 640,706 | – | new |
| 41 | CBRS CEREBRAS SYSTEMS INC | Technology | 0.3% | $44.7m | 202,100 | – | new |
| 42 | ETSY INC | 0.3% | $44.6m | 47,000,000 | – | new | |
| 43 | ROKU ROKU INC | Communication Services | 0.3% | $44.2m | 320,000 | 1652% | added |
| 44 | SNDK SANDISK CORP | Technology | 0.3% | $44.2m | 19,435 | 421% | added |
| 45 | ETSY INC | 0.3% | $43.9m | 37,750,000 | – | new | |
| 46 | BENTLEY SYS INC | 0.3% | $43.8m | 45,543,000 | 9% | added | |
| 47 | EEM ISHARES TR | 0.3% | $41.4m | 605,065 | -17% | reduced | |
| 48 | GRANITE CONSTR INC | 0.3% | $40.9m | 19,500,000 | – | new | |
| 49 | ADBE ADOBE INC | Technology | 0.3% | $40.0m | 195,190 | 130% | added |
| 50 | NFLX NETFLIX INC. | Communication Services | 0.3% | $37.8m | 529,559 | 417% | added |
What did Capstone Investment Advisors, LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| LITE LUMENTUM HLDGS INC | 57.5% | $752.7m |
| CNX RES CORP | 5.5% | $72.2m |
| PROGRESS SOFTWARE CORP | 4.1% | $54.0m |
| CYTOKINETICS INC | 4.1% | $53.9m |
| ASND ASCENDIS PHARMA A/S | 3.9% | $51.0m |
| CNMD CONMED CORP | 3.9% | $51.0m |
| VENTAS RLTY LTD PARTNERSHIP | 1.8% | $23.8m |
| SOUTHERN CO | 1.4% | $18.3m |
| FE FIRSTENERGY CORP | 1.3% | $17.5m |
| CWAN CLEARWATER ANALYTICS HLDGS I | 1.3% | $16.6m |
| FLS FLOWSERVE CORP | 1.1% | $14.4m |
| CTRA COTERRA ENERGY INC | 1.0% | $13.7m |
| STRATEGY INC | 0.9% | $11.5m |
| APLSUSD APELLIS PHARMACEUTICALS INC | 0.8% | $10.1m |
| QTWO Q2 HLDGS INC | 0.8% | $10.0m |
| ACM AECOM | 0.6% | $8.5m |
| HO1 HOLOGIC INC | 0.6% | $8.2m |
| DAWNGBX DAY ONE BIOPHARMACEUTICALS I | 0.4% | $5.1m |
| ACCURAY INC DEL | 0.3% | $4.3m |
| AM6 AMICUS THERAPEUTIC | 0.3% | $3.8m |
| BANDWIDTH INC | 0.3% | $3.6m |
| KENNEDY-WILSON HOLDINGS INC | 0.2% | $3.1m |
| HSY HERSHEY CO | 0.2% | $3.1m |
| INOTIV INC | 0.2% | $2.3m |
| JOBY JOBY AVIATION INC | 0.2% | $2.1m |
Sector mix
| Sector | Weight |
|---|---|
| Technology | 44.2% |
| Consumer Cyclical | 11.1% |
| Communication Services | 5.0% |
| Industrials | 2.5% |
| Healthcare | 2.2% |
| Financial Services | 1.4% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Capstone Investment Advisors, LLC's portfolio?
Across every quarter Capstone Investment Advisors, LLC has filed, its median largest position is 10.5% of the book and its median top-ten weight is 57.7%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 256.0 completed holding spells, the median lasted 1.0 quarters; 927.0 positions are still open and their final length is unknown.