Capstone Investment Advisors, LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Capstone Investment Advisors, LLC disclosed 808 US equity positions worth $12.3bn in its Q4 2025 13F filing. The largest position was NVDA at 13.0% of the reported book, followed by IVV and GOOGL. Against the Q3 2025 filing, it opened 3 new positions, added to 31 and reduced 8 among the top 50 holdings.
What did Capstone Investment Advisors, LLC own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA CORPORATION | Technology | 13.0% | $1.6bn | 8,577,701 | 28% | added |
| 2 | IVV ISHARES TR | 9.9% | $1.2bn | 1,780,940 | 85% | added | |
| 3 | GOOGL ALPHABET INC | Communication Services | 7.0% | $864.0m | 2,760,471 | 115% | added |
| 4 | AMZN AMAZON COM INC | Consumer Cyclical | 5.0% | $616.1m | 2,669,268 | -44% | reduced |
| 5 | AMD ADVANCED MICRO DEVICES INC | Technology | 4.3% | $528.5m | 2,467,636 | -8% | reduced |
| 6 | VOO VANGUARD INDEX FDS | 4.2% | $520.5m | 829,895 | 35% | added | |
| 7 | TSLA TESLA INC | Consumer Cyclical | 3.3% | $410.9m | 913,787 | -52% | reduced |
| 8 | MSFT MICROSOFT CORP | Technology | 2.8% | $349.3m | 722,332 | -66% | reduced |
| 9 | META META PLATFORMS INC | Communication Services | 2.6% | $322.8m | 489,095 | 107% | added |
| 10 | LITE LUMENTUM HLDGS INC | 2.4% | $296.4m | 55,778,000 | 108% | added | |
| 11 | GOOG ALPHABET INC | Communication Services | 2.4% | $292.1m | 930,913 | 278% | added |
| 12 | AAPL APPLE INC | Technology | 2.3% | $278.6m | 1,024,889 | 5% | added |
| 13 | WDC WESTERN DIGITAL CORP | 2.2% | $270.6m | 59,000,000 | 8% | added | |
| 14 | XLF SELECT SECTOR SPDR TR | 1.2% | $141.9m | 2,590,378 | 67% | added | |
| 15 | AVGO BROADCOM INC | Technology | 1.1% | $140.6m | 406,195 | 895% | added |
| 16 | SPY SPDR S&P 500 ETF TR | 1.0% | $117.1m | 171,680 | -23% | reduced | |
| 17 | IONIS PHARMACEUTICALS INC | 0.9% | $116.7m | 84,949,000 | 21% | added | |
| 18 | WBD WARNER BROS DISCOVERY INC | Communication Services | 0.9% | $108.1m | 3,750,000 | – | new |
| 19 | NET CLOUDFLARE INC | 0.8% | $100.1m | 85,057,000 | 22% | added | |
| 20 | ORCL ORACLE CORP | Technology | 0.8% | $97.6m | 500,718 | 569% | added |
| 21 | IDCC INTERDIGITAL INC | 0.8% | $92.9m | 22,532,000 | 0% | held | |
| 22 | KVUE KENVUE INC | Consumer Defensive | 0.7% | $87.8m | 5,088,765 | 4979% | added |
| 23 | AIRBNB INC | 0.6% | $75.1m | 75,739,000 | 8% | added | |
| 24 | FYBR FRONTIER COMMUNICATIONS PARE | 0.6% | $73.8m | 1,938,311 | 128% | added | |
| 25 | FOX FOX CORP | Communication Services | 0.6% | $71.4m | 1,100,001 | -27% | reduced |
| 26 | DAY DAYFORCE INC | 0.6% | $69.5m | 1,005,490 | – | new | |
| 27 | CNX RES CORP | 0.5% | $67.6m | 23,604,000 | 0% | held | |
| 28 | MIRM MIRUM PHARMACEUTICALS INC | 0.5% | $62.0m | 24,000,000 | 26% | added | |
| 29 | XERIS BIOPHARMA HOLDINGS INC | 0.5% | $61.1m | 23,074,000 | 0% | held | |
| 30 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.5% | $60.7m | 199,664 | 1283% | added |
| 31 | XOP SPDR SERIES TRUST | 0.5% | $60.2m | 477,078 | – | new | |
| 32 | SPOTIFY USA INC | 0.5% | $59.6m | 52,418,000 | 0% | held | |
| 33 | BBIO BRIDGEBIO PHARMA INC | 0.5% | $57.6m | 30,500,000 | 27% | added | |
| 34 | CYBERARK SOFTWARE LTD | 0.4% | $54.0m | 121,000 | 21% | added | |
| 35 | PROGRESS SOFTWARE CORP | 0.4% | $53.8m | 54,019,000 | 10% | added | |
| 36 | XLE SELECT SECTOR SPDR TR | 0.4% | $53.5m | 1,197,568 | 15925% | added | |
| 37 | CYTOKINETICS INC | 0.4% | $52.0m | 8,631,000 | 0% | held | |
| 38 | GXO GXO LOGISTICS INCORPORATED | Industrials | 0.4% | $51.3m | 975,295 | 3% | added |
| 39 | EXACT SCIENCES CORP | 0.4% | $51.2m | 48,940,000 | 0% | held | |
| 40 | CHEFS WHSE INC | 0.4% | $50.2m | 33,011,000 | 26% | added | |
| 41 | FLS FLOWSERVE CORP | Industrials | 0.4% | $47.9m | 690,075 | -11% | reduced |
| 42 | DAYFORCE INC | 0.4% | $46.8m | 47,146,000 | 0% | held | |
| 43 | ALRM ALARM COM HLDGS INC | 0.4% | $46.5m | 46,408,000 | 0% | held | |
| 44 | NFLX NETFLIX INC | Communication Services | 0.4% | $45.7m | 487,638 | 3754% | added |
| 45 | IWM ISHARES TR | 0.4% | $45.5m | 184,760 | 38% | added | |
| 46 | AKAM AKAMAI TECHNOLOGIES INC | 0.4% | $43.6m | 44,000,000 | 13% | added | |
| 47 | EEM ISHARES TR | 0.3% | $42.2m | 771,163 | 104% | added | |
| 48 | KEX KIRBY CORP | Industrials | 0.3% | $39.5m | 358,340 | -11% | reduced |
| 49 | CNMD CONMED CORP | 0.3% | $39.4m | 41,000,000 | 4% | added | |
| 50 | PTC THERAPEUTICS INC | 0.3% | $37.1m | 25,000,000 | 25% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.