CAPSTONE INVESTMENT ADVISORS, LLC Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$40.4B

Holdings

964

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (964 positions)

#	Stock	Shares	Value	% Portfolio	Type
101	EXAS 0.375 03/15/27EXACT SCIENCES CORP	30,500,000	$29.1M	0.07%
102	AMATAPPLIED MATLS INC	158,117	$28.9M	0.07%	Put
103	AAALCOA CORP	959,409	$28.3M	0.07%
104	PEPPEPSICO INC	213,308	$28.2M	0.07%	Put
105	COFCAPITAL ONE FINL CORP	130,798	$27.8M	0.07%	Put
106	WWAYFAIR INC	20,000,000	$27.1M	0.07%
107	CYTK 4 11/15/26CYTOKINETICS INC	8,631,000	$27.0M	0.07%
108	AXPAMERICAN EXPRESS CO	84,623	$27.0M	0.07%	Put
109	IPGINTERPUBLIC GROUP COS INC	1,100,000	$26.9M	0.07%
110	GILDGILEAD SCIENCES INC	242,704	$26.9M	0.07%	Put
111	BACVERIZON COMMUNICATIONS INC	621,565	$26.9M	0.07%	Put
112	ABTABBOTT LABS	196,300	$26.7M	0.07%	Put
113	CVXCHEVRON CORP NEW	182,294	$26.1M	0.06%	Put
114	QCOMQUALCOMM INC	163,264	$26.0M	0.06%	Put
115	MSTR 2.25 06/15/32MICROSTRATEGY INC	12,000,000	$25.8M	0.06%
116	UBERUBER TECHNOLOGIES INC	271,121	$25.3M	0.06%	Put
117	INTUINTUIT	31,989	$25.2M	0.06%	Put
118	PRGSPROGRESS SOFTWARE CORP	21,000,000	$25.1M	0.06%
119	TMOTHERMO FISHER SCIENTIFIC INC	59,565	$24.2M	0.06%	Put
120	GMEGAMESTOP CORP NEW	983,500	$24.0M	0.06%	Put
121	UPSUNITED PARCEL SERVICE INC	233,450	$23.6M	0.06%	Put
122	PANWPALO ALTO NETWORKS INC	113,284	$23.2M	0.06%	Put
123	TJXTJX COS INC NEW	187,141	$23.1M	0.06%	Put
124	HOODROBINHOOD MKTS INC	246,168	$23.0M	0.06%	Put
125	GEGE AEROSPACE	89,514	$23.0M	0.06%	Put
126	NKENIKE INC	323,479	$23.0M	0.06%	Put
127	CMECME GROUP INC	82,800	$22.8M	0.06%	Put
128	MRVLMARVELL TECHNOLOGY INC	292,210	$22.6M	0.06%	Put
129	KEXKIRBY CORP	198,471	$22.5M	0.06%
130	RPD 0.25 03/15/27RAPID7 INC	23,950,000	$22.3M	0.06%
131	COINCOINBASE GLOBAL INC	63,160	$22.1M	0.05%	Put
132	DYDYCOM INDS INC	89,898	$22.0M	0.05%
133	QXOQXO INC	1,000,000	$21.5M	0.05%
134	CVSCVS HEALTH CORP	311,500	$21.5M	0.05%	Put
135	UNPUNION PAC CORP	92,593	$21.3M	0.05%	Put
136	PGPROCTER AND GAMBLE CO	132,471	$21.1M	0.05%	Put
137	PYPLPAYPAL HLDGS INC	277,860	$20.7M	0.05%	Put
138	SMHVANECK ETF TRUST	74,040	$20.6M	0.05%	Put
139	RDDTREDDIT INC	136,486	$20.6M	0.05%	Put
140	SNOWSNOWFLAKE INC	91,470	$20.5M	0.05%	Put
141	RRYDER SYS INC	127,004	$20.2M	0.05%
142	TAT&T INC	695,475	$20.1M	0.05%	Put
143	CNMD 2.25 06/15/27CONMED CORP	21,000,000	$19.9M	0.05%
144	S9QSPIRIT AEROSYSTEMS HLDGS INC	512,434	$19.5M	0.05%
145	MIGAMICROSTRATEGY INC	48,288	$19.5M	0.05%	Put
146	MNSTMONSTER BEVERAGE CORP NEW	303,065	$19.0M	0.05%	Put
147	CSTMCONSTELLIUM SE	1,413,555	$18.8M	0.05%
148	EVRG 4.5 12/15/27EVERGY INC	16,000,000	$18.7M	0.05%
149	SJNKSPDR SERIES TRUST	732,801	$18.7M	0.05%
150	AJGGALLAGHER ARTHUR J & CO	57,174	$18.3M	0.05%
151	IMAX 0.5 04/01/26IMAX CORP	16,107,000	$18.1M	0.04%
152	VTR 3.75 06/01/26VENTAS RLTY LTD PARTNERSHIP	15,000,000	$18.0M	0.04%
153	IGIBISHARES TR	334,801	$17.8M	0.04%
154	LVLNSPDR SERIES TRUST	295,869	$17.6M	0.04%
155	DYHTARGET CORP	175,482	$17.3M	0.04%	Put
156	NEMNEWMONT CORP	295,500	$17.2M	0.04%	Put
157	AMGNAMGEN INC	61,358	$17.1M	0.04%	Put
158	PGRPROGRESSIVE CORP	62,915	$16.8M	0.04%	Put
159	RTXRTX CORPORATION	114,980	$16.8M	0.04%	Put
160	HONHONEYWELL INTL INC	72,055	$16.8M	0.04%	Put
161	OMCL 0.25 09/15/25OMNICELL COM	16,853,000	$16.7M	0.04%
162	ISRGINTUITIVE SURGICAL INC	30,120	$16.4M	0.04%	Put
163	NEENEXTERA ENERGY INC	235,691	$16.4M	0.04%	Put
164	SPGIS&P GLOBAL INC	30,785	$16.2M	0.04%	Put
165	FE 4 05/01/26FIRSTENERGY CORP	16,000,000	$16.1M	0.04%
166	WOOFOOT LOCKER INC	650,000	$15.9M	0.04%
167	DUK 4.125 04/15/26DUKE ENERGY CORP NEW	15,000,000	$15.9M	0.04%
168	BSY 0.375 07/01/27BENTLEY SYS INC	16,752,000	$15.8M	0.04%
169	SKAASKECHERS U S A INC	250,000	$15.8M	0.04%
170	APPAPPLOVIN CORP	44,838	$15.7M	0.04%	Put
171	SBUXSTARBUCKS CORP	166,576	$15.3M	0.04%	Put
172	ELLAUDER ESTEE COS INC	183,332	$14.8M	0.04%	Put
173	LOWLOWES COS INC	66,483	$14.8M	0.04%	Put
174	CEGCONSTELLATION ENERGY CORP	45,430	$14.7M	0.04%	Put
175	BXBLACKSTONE INC	94,207	$14.1M	0.03%	Put
176	LRCXLAM RESEARCH CORP	144,738	$14.1M	0.03%	Put
177	SO 3.875 12/15/25SOUTHERN CO	12,500,000	$13.9M	0.03%
178	DALDELTA AIR LINES INC DEL	275,482	$13.5M	0.03%	Put
179	UALUNITED AIRLS HLDGS INC	165,652	$13.2M	0.03%	Put
180	FDXFEDEX CORP	57,990	$13.2M	0.03%	Put
181	CCCHEMOURS CO	1,141,208	$13.1M	0.03%
182	DHRDANAHER CORPORATION	65,915	$13.0M	0.03%	Put
183	PLDPROLOGIS INC.	122,693	$12.9M	0.03%	Put
184	WFRDWEATHERFORD INTL PLC	254,226	$12.8M	0.03%
185	SO 4.5 06/15/27SOUTHERN CO	11,500,000	$12.7M	0.03%
186	COPCONOCOPHILLIPS	141,269	$12.7M	0.03%	Put
187	ADPAUTOMATIC DATA PROCESSING IN	40,435	$12.5M	0.03%	Put
188	ANETARISTA NETWORKS INC	121,884	$12.5M	0.03%	Put
189	MDTMEDTRONIC PLC	142,669	$12.4M	0.03%	Put
190	LNT 3.875 03/15/26ALLIANT ENERGY CORP	12,000,000	$12.4M	0.03%
191	SRPT 1.25 09/15/27SAREPTA THERAPEUTICS INC	17,000,000	$12.3M	0.03%
192	FCXFREEPORT-MCMORAN INC	280,500	$12.2M	0.03%	Put
193	BMRN 1.25 05/15/27BIOMARIN PHARMACEUTICAL INC	12,500,000	$11.8M	0.03%
194	BMTABRITISH AMERN TOB PLC	249,497	$11.8M	0.03%	Put
195	FISVFISERV INC	68,404	$11.8M	0.03%	Put
196	CITHE CIGNA GROUP	35,404	$11.7M	0.03%	Put
197	MARAMARA HOLDINGS INC	745,200	$11.7M	0.03%	Put
198	VRTXVERTEX PHARMACEUTICALS INC	26,059	$11.6M	0.03%	Put
199	TXNTEXAS INSTRS INC	55,300	$11.5M	0.03%	Put
200	CMGCHIPOTLE MEXICAN GRILL INC	201,834	$11.3M	0.03%	Put

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