— Know what they know.
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Asset Manager ← All Institutions

CAPSTONE INVESTMENT ADVISORS, LLC

Q4 2025 · Filed 2026-02-17
Market Value
$9.8B
+5.5%
Holdings
1,192
+7
New Purchases
205
Added To
217
Closed
484
Reduced
259
Top 10 Concentration
68.4%
Turnover
57.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 12.40% 6.91% +5.49% $1.2B
GOOGL 8.78% 3.34% +5.44% $864M
NVDA 16.26% 13.41% +2.85% $1.6B
GOOG 2.97% 0.64% +2.33% $292M
META 3.28% 1.87% +1.42% $323M
AVGO 1.43% 0.14% +1.28% $141M
VOO 5.29% 4.03% +1.26% $520M
WBD 1.10% 0.00% +1.10% $108M
KVUE 0.89% 0.02% +0.87% $88M
ORCL 0.99% 0.23% +0.77% $98M
AMD 5.37% 4.66% +0.72% $528M
DAY 0.71% 0.00% +0.71% $70M
XOP 0.61% 0.00% +0.61% $60M
TSM 0.62% 0.04% +0.57% $61M
XLF 1.44% 0.90% +0.55% $142M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 3.55% 11.89% -8.34% $349M
TSLA 4.18% 9.15% -4.97% $411M
AMZN 6.26% 11.17% -4.90% $616M
CORZ 0.04% 0.85% -0.82% $4M
C 0.02% 0.62% -0.60% $2M
COOP 0.00% 0.48% -0.48% $0
WMT 0.05% 0.49% -0.44% $5M
VRNA 0.00% 0.43% -0.43% $0
SPY 1.19% 1.60% -0.41% $117M
FCX 0.00% 0.38% -0.38% $0
CSCO 0.00% 0.32% -0.32% $0
BRK-B 0.00% 0.29% -0.29% $0
GTLS 0.00% 0.26% -0.26% $0
K 0.00% 0.25% -0.25% $0
FOX 0.73% 0.93% -0.21% $71M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 60 $7.6B 77.1%
Large Cap 531 $1.5B 15.2%
Mid Cap 445 $670M 6.8%
Small Cap 143 $79M 0.8%
Micro Cap 13 $11M 0.1%

Portfolio Analytics

Avg Market Cap
$70.2B
Median Market Cap
$9.9B
Avg P/E
34.1
Median P/E
22.1
Avg Dividend Yield
0.02%
Avg Beta
1.06
# Stocks
1,127
# ETFs / Funds
65

Top Holdings (1,192 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 16.26% 8,577,701 $1.6B $186.50 $349M +1,876,233 +28.0%
2 IVV 12.40% 1,780,940 $1.2B $684.94 $576M +818,601 +85.1%
3 GOOGL 8.78% 2,760,471 $864M $313.00 $552M +1,478,690 +115.4%
4 AMZN 6.26% 2,669,268 $616M $230.82 -$425M -2,072,532 -43.7%
5 AMD 5.37% 2,467,636 $528M $214.16 $94M -215,923 -8.1%
6 VOO 5.29% 829,895 $520M $627.13 $144M +215,874 +35.2%
7 TSLA 4.18% 913,787 $411M $449.72 -$442M -1,003,606 -52.3%
8 MSFT 3.55% 722,332 $349M $483.62 -$760M -1,418,689 -66.3%
9 META 3.28% 489,095 $323M $660.09 $149M +252,288 +106.5%
10 GOOG 2.97% 930,913 $292M $313.80 $232M +684,808 +278.3%
11 AAPL 2.83% 1,024,889 $279M $271.86 $31M +50,762 +5.2%
12 XLF 1.44% 2,590,378 $142M $54.77 $58M +1,039,734 +67.0%
13 AVGO 1.43% 406,195 $141M $346.10 $127M +365,376 +895.1%
14 SPY 1.19% 171,680 $117M $681.92 -$32M -52,522 -23.4%
15 WBD 1.10% 3,750,000 $108M $28.82 +3,750,000 NEW
16 ORCL 0.99% 500,718 $98M $194.91 $77M +425,885 +569.1%
17 KVUE 0.89% 5,088,765 $88M $17.25 $86M +4,988,574 +4979.1%
18 FYBR 0.75% 1,938,311 $74M $38.07 $42M +1,088,311 +128.0%
19 FOX 0.73% 1,100,001 $71M $64.93 -$15M -415,955 -27.4%
20 DAY 0.71% 1,005,490 $70M $69.16 +1,005,490 NEW
21 TSM 0.62% 199,664 $61M $303.89 $57M +185,230 +1283.3%
22 XOP 0.61% 477,078 $60M $126.26 +477,078 NEW
23 CYBR 0.55% 121,000 $54M $446.06 $6M +21,000 +21.0%
24 XLE 0.54% 1,197,568 $54M $44.71 $53M +1,190,095 +15925.3%
25 GXO 0.52% 975,295 $51M $52.64 $1M +31,186 +3.3%
26 FLS 0.49% 690,075 $48M $69.38 $7M -82,323 -10.7%
27 NFLX 0.46% 487,638 $46M $93.76 $31M +474,984 +3753.6%
28 IWM 0.46% 184,760 $45M $246.16 $13M +50,431 +37.5%
29 EEM 0.43% 771,163 $42M $54.71 $22M +393,719 +104.3%
30 KEX 0.40% 358,340 $39M $110.18 $6M -42,205 -10.5%
31 J 0.34% 250,650 $33M $132.46 $17M +141,148 +128.9%
32 KBR 0.32% 783,433 $31M $40.20 $676K +131,761 +20.2%
33 NSC 0.30% 102,500 $30M $288.72 $9M +32,500 +46.4%
34 FDX 0.29% 100,129 $29M $288.86 $25M +83,913 +517.5%
35 R 0.28% 144,548 $28M $191.39 -$2M -11,477 -7.4%
36 FOLD 0.27% 1,850,000 $26M $14.24 $26M +1,806,066 +4110.9%
37 MUB 0.26% 242,601 $26M $107.11 $15M +135,000 +125.5%
38 EXAS 0.26% 251,384 $26M $101.56 $25M +242,647 +2777.2%
39 HOLX 0.26% 336,740 $25M $74.49 +336,740 NEW
40 FLR 0.24% 599,359 $24M $39.63 $14M +364,670 +155.4%
41 CSTM 0.23% 1,194,936 $23M $18.85 $4M -66,918 -5.3%
42 MTZ 0.22% 100,997 $22M $217.37 +100,997 NEW
43 MDLN 0.21% 489,000 $21M $42.00 +489,000 NEW
44 HYG 0.21% 251,370 $20M $80.63 $3M +33,969 +15.6%
45 SJNK 0.20% 760,701 $19M $25.32 $3M +136,200 +21.8%
46 IGIB 0.18% 327,501 $18M $53.88 $3M +53,900 +19.7%
47 KRE 0.17% 254,401 $16M $64.81 $12M +179,702 +240.6%
48 CME 0.17% 60,000 $16M $273.08 -$295K -1,735 -2.8%
49 SATS 0.17% 150,000 $16M $108.70 $13M +110,376 +278.6%
50 JNK 0.16% 166,301 $16M $97.21 $3M +27,100 +19.5%
51 UBER 0.15% 177,823 $15M $81.71 -$18M -154,821 -46.5%
52 SHYG 0.15% 338,501 $15M $42.87 $2M +53,900 +18.9%
53 LULU 0.14% 67,754 $14M $207.81 -$5M -41,383 -37.9%
54 NTST 0.14% 772,907 $14M $17.64 +772,907 NEW
55 TXN 0.13% 73,021 $13M $173.49 $10M +56,176 +333.5%
56 CRWV 0.13% 176,475 $13M $71.61 $7M +134,030 +315.8%
57 LBRDK 0.13% 253,975 $12M $48.60 -$4M -325 -0.1%
58 ADBE 0.12% 35,045 $12M $349.99 $5M +15,431 +78.7%
59 MA 0.12% 20,665 $12M $570.88 $678K +1,116 +5.7%
60 MRVL 0.12% 134,672 $11M $84.98 $474K +4,182 +3.2%
61 ACN 0.11% 41,367 $11M $268.30 -$2M -10,173 -19.7%
62 HYD 0.11% 202,701 $10M $51.12 $5M +103,400 +104.1%
63 PLTR 0.10% 56,056 $10M $177.75 -$224K +209 +0.4%
64 WRE 0.10% 557,487 $10M $17.40 $6M +308,368 +123.8%
65 VST 0.10% 59,554 $10M $161.33 $8M +49,175 +473.8%
66 NGD 0.10% 1,100,000 $10M $8.71 $9M +1,082,107 +6047.7%
67 COIN 0.09% 40,104 $9M $226.14 $9M +39,092 +3862.8%
68 ASA 0.09% 149,500 $9M $59.67 -$2M -78,282 -34.4%
69 SUNC 0.08% 169,625 $8M $49.28 +169,625 NEW
70 MSTR 0.08% 53,208 $8M $151.95 $4M +39,848 +298.3%
71 BX 0.08% 51,757 $8M $154.14 $5M +35,672 +221.8%
72 ARM 0.08% 71,582 $8M $109.31 $6M +61,996 +646.7%
73 VRT 0.08% 48,148 $8M $162.01 $5M +28,393 +143.7%
74 GDV 0.07% 262,242 $7M $27.77 $168K
75 LQD 0.07% 64,001 $7M $110.19 -$13M -113,935 -64.0%
76 NBXG 0.07% 477,748 $7M $14.44 -$449K
77 HD 0.07% 20,031 $7M $344.10 -$2M -887 -4.2%
78 XLK 0.07% 47,859 $7M $143.97 $5M +41,853 +696.9%
79 CMG 0.07% 183,874 $7M $37.00 $2M +65,036 +54.7%
80 RIO 0.07% 80,000 $6M $80.03 +80,000 NEW
81 CMCSA 0.06% 208,997 $6M $29.89 -$2M -44,128 -17.4%
82 UNP 0.06% 26,901 $6M $231.32 $1M +5,963 +28.5%
83 XBI 0.06% 50,051 $6M $121.93 $4M +28,551 +132.8%
84 SNOW 0.06% 26,916 $6M $219.36 -$1M -4,211 -13.5%
85 SMCI 0.06% 199,523 $6M $29.27 $1M +104,752 +110.5%
86 CHKP 0.06% 31,400 $6M $185.56 +31,400 NEW
87 TMUS 0.06% 27,168 $6M $203.04 $46K +4,318 +18.9%
88 AIG 0.05% 62,000 $5M $85.55 $5M +55,563 +863.2%
89 CFLT 0.05% 172,718 $5M $30.24 +172,718 NEW
90 INTC 0.05% 140,880 $5M $36.90 $5M +128,499 +1037.9%
91 MKSI 0.05% 31,591 $5M $159.80 $1M
92 WMT 0.05% 45,000 $5M $111.41 -$41M -400,469 -89.9%
93 LOW 0.05% 20,086 $5M $241.16 -$2M -6,726 -25.1%
94 KKR 0.05% 37,686 $5M $127.48 $366K +3,531 +10.3%
95 QCOM 0.05% 28,077 $5M $171.05 -$3M -17,099 -37.9%
96 SBUX 0.05% 56,781 $5M $84.21 -$9M -102,208 -64.3%
97 PANW 0.05% 25,950 $5M $184.20 $4M +24,327 +1498.9%
98 HOOD 0.05% 40,319 $5M $113.10 $4M +37,364 +1264.4%
99 VZ 0.05% 109,299 $4M $40.73 -$2M -41,181 -27.4%
100 SLV 0.04% 64,285 $4M $64.42 $4M +54,759 +574.8%

Options Breakdown

390 Calls $5.8B Call Value 444 Puts $33.0B Put Value 5.73 P/C Ratio

Top Calls

SymbolSharesValueStatus
QQQ 2,329,900 $1.4B
SPY 1,130,000 $771M
NVDA 2,524,900 $471M
TSLA 773,400 $348M
FXI 8,316,100 $318M
AMZN 1,049,200 $242M
MSFT 461,000 $223M
AAPL 816,100 $222M
GOOG 620,800 $195M
META 168,600 $111M

Top Puts

SymbolSharesValueStatus
SPY 19,554,400 $13.3B
QQQ 5,101,200 $3.1B
NVDA 12,100,100 $2.3B
IWM 7,150,500 $1.8B
GOOGL 3,743,100 $1.2B
AMZN 3,920,100 $905M
TSLA 1,866,600 $839M
AAPL 3,057,900 $831M
MSFT 1,478,900 $715M
GOOG 2,060,800 $647M

New Positions

SymbolValue% Port
WBD $108M 1.10%
DAY $70M 0.71%
XOP $60M 0.61%
HOLX $25M 0.26%
MTZ $22M 0.22%
MDLN $21M 0.21%
NTST $14M 0.14%
SUNC $8M 0.08%
RIO $6M 0.07%
CHKP $6M 0.06%
CFLT $5M 0.05%
CUK $4M 0.04%
RKT $2M 0.02%
LIN $2M 0.02%
FLO $2M 0.02%

Sold Out Positions

SymbolValue% Port
ESTC —%
CCS —%
YUM —%
BKD —%
EXPD —%
ALB —%
HRB —%
RSI —%
ATEN —%
ACI —%
ARW —%
CB —%
AN —%
AR —%
ED —%
View SEC EDGAR Filings for CAPSTONE INVESTMENT ADVISORS, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms