Capstone Investment Advisors
Capstone Investment Advisors reported 858 stocks worth $10.9B in its 13F filing for Q2 2026, filed Aug 17, 2026. Its largest holdings are MSFT (14.7%), NVDA (12.6%) and IVV (10.7%). Compared with Q1 2026, the fund opened new positions in NOK, SPCX and ETSY, added to MSFT, NVDA and IVV, trimmed AMZN, TSLA and AAPL and sold out of PANW, FLS and CTRA.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  MSFT Microsoft Corp | $1.6B | 14.7% | 4.3M | +1.5M (+55%) | 8 of 8 | |
| 2 |  NVDA Nvidia Corporation | $1.4B | 12.6% | 6.9M | +2.9M (+71%) | 8 of 8 | |
| 3 |  IVV Ishares TR | $1.2B | 10.7% | 1.6M | +4,274 (+0%) | 8 of 8 | |
| 4 |  AMZN Amazon Com Inc | $736M | 6.7% | 3.1M | −2.7M (−46%) | 8 of 8 | |
| 5 |  VOO Vanguard S&P 500 ETF | $589M | 5.4% | 858K | +2,589 (+0%) | 8 of 8 | |
| 6 |  TSLA Tesla Inc | $556M | 5.1% | 1.3M | −131K (−9%) | 8 of 8 | |
| 7 |  META Meta Platforms Inc | $335M | 3.1% | 595K | +256K (+75%) | 8 of 8 | |
| 8 |  QQQ Invesco Qqq TR | $314M | 2.9% | 427K | +395K (+1256%) | 8 of 8 | |
| 9 |  AAPL Apple Inc | $270M | 2.5% | 935K | −52K (−5%) | 8 of 8 | |
| 10 |  MU Micron Technology Inc | $266M | 2.4% | 230K | +177K (+331%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
ELECTRONIC ARTS INC | $47.9M | 235K |
 PANW Palo Alto Networks Inc | $16.6M | 104K |
CLEARWATER ANALYTICS HLDGS I | $16.6M | 700K |
 FLS Flowserve Corp | $14.4M | 196K |
 CTRA Coterra Energy Inc | $13.7M | 390K |
🔒 Free account: see all 30.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
 SPY Spdr S&P 500 ETF TR | Put | $7B | 9.3M | −6,026,600 |
QQQ Invesco Qqq TR | Put | $5.8B | 7.8M | −9,024,900 |
NVDA Nvidia Corporation | Put | $2.3B | 11.3M | +3,111,200 |
QQQ Invesco Qqq TR | Call | $2.1B | 2.8M | −6,966,400 |
MSFT Microsoft Corp | Put | $1.8B | 4.8M | +1,385,300 |
🔒 Free account: see all 20.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 17, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Capstone Investment Advisors 13F FAQ
What does Capstone Investment Advisors own?
Capstone Investment Advisors reported 858 stocks worth $10.9B in its 13F filing for Q2 2026, filed Aug 17, 2026. Its largest holdings are MSFT (14.7%), NVDA (12.6%) and IVV (10.7%). The table above lists every position in the filing (the top 10 without an account).
What did Capstone Investment Advisors buy and sell in Q2 2026?
Compared with Q1 2026: 321 new positions, 257 added to, 254 trimmed and 249 sold out. New positions include NOK, SPCX and ETSY. It sold all of PANW, FLS and CTRA.
When will Capstone Investment Advisors file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Capstone Investment Advisors's portfolio worth?
The Q2 2026 filing reports $10.9B in US stocks ($50.6B including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.