CAPSTONE INVESTMENT ADVISORS, LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$51.1B
Holdings
939
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (939 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | ACNACCENTURE PLC IRELAND | 125,367 | $33.0M | 0.06% | Put |
| 102 | AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC | 32,610,000 | $32.0M | 0.06% | |
| 103 | BACVERIZON COMMUNICATIONS INC | 835,699 | $32.0M | 0.06% | Put |
| 104 | XOMEXXON MOBIL CORP | 282,159 | $32.0M | 0.06% | Put |
| 105 | K6BKBR INC | 783,433 | $31.0M | 0.06% | |
| 106 | UBER 0.875 12/01/28 2028UBER TECHNOLOGIES INC | 23,871,000 | $31.0M | 0.06% | |
| 107 | XLISELECT SECTOR SPDR TR | 200,000 | $31.0M | 0.06% | Put |
| 108 | UNHUNITEDHEALTH GROUP INC | 99,417 | $31.0M | 0.06% | Put |
| 109 | BSY 0.375 07/01/27BENTLEY SYS INC | 33,762,000 | $31.0M | 0.06% | |
| 110 | MRVLMARVELL TECHNOLOGY INC | 370,372 | $30.0M | 0.06% | Put |
| 111 | SATS 3.875 11/30/30ECHOSTAR CORP | 8,709,000,000 | $29.0M | 0.06% | |
| 112 | NEENEXTERA ENERGY INC | 376,669 | $29.0M | 0.06% | Put |
| 113 | TRVCCITIGROUP INC | 264,854 | $29.0M | 0.06% | Put |
| 114 | AIGAMERICAN INTL GROUP INC | 345,500 | $28.0M | 0.05% | Put |
| 115 | KOCOCA COLA CO | 432,665 | $28.0M | 0.05% | Put |
| 116 | LOWLOWES COS INC | 120,486 | $28.0M | 0.05% | Put |
| 117 | RTXRTX CORPORATION | 152,638 | $27.0M | 0.05% | Put |
| 118 | PEPPEPSICO INC | 206,799 | $27.0M | 0.05% | Put |
| 119 | ISRGINTUITIVE SURGICAL INC | 49,103 | $27.0M | 0.05% | Put |
| 120 | CRWDCROWDSTRIKE HLDGS INC | 61,650 | $27.0M | 0.05% | Put |
| 121 | RRYDER SYS INC | 144,548 | $27.0M | 0.05% | |
| 122 | DISDISNEY WALT CO | 247,439 | $27.0M | 0.05% | Put |
| 123 | AM6AMICUS THERAPEUTICS INC | 1,850,000 | $26.0M | 0.05% | |
| 124 | IREN 3.25 06/15/30IREN LIMITED | 10,713,000 | $26.0M | 0.05% | |
| 125 | EVRG 4.5 12/15/27EVERGY INC | 21,000,000 | $25.0M | 0.05% | |
| 126 | EXASEXACT SCIENCES CORP | 251,384 | $25.0M | 0.05% | |
| 127 | MUBISHARES TR | 242,601 | $25.0M | 0.05% | |
| 128 | HOLXHOLOGIC INC | 336,740 | $25.0M | 0.05% | |
| 129 | TMOTHERMO FISHER SCIENTIFIC INC | 47,391 | $25.0M | 0.05% | Put |
| 130 | CVSCVS HEALTH CORP | 332,411 | $25.0M | 0.05% | Put |
| 131 | FLRFLUOR CORP NEW | 599,359 | $23.0M | 0.05% | |
| 132 | TMUST-MOBILE US INC | 121,268 | $23.0M | 0.05% | Put |
| 133 | PYPLPAYPAL HLDGS INC | 397,931 | $22.0M | 0.04% | Put |
| 134 | CVXCHEVRON CORP NEW | 154,383 | $22.0M | 0.04% | Put |
| 135 | ABTABBOTT LABS | 185,493 | $22.0M | 0.04% | Put |
| 136 | CSTMCONSTELLIUM SE | 1,194,936 | $22.0M | 0.04% | |
| 137 | TJXTJX COS INC NEW | 154,234 | $22.0M | 0.04% | Put |
| 138 | MMYT 0 02/15/28MAKEMYTRIP LIMITED MAURITIUS | 10,000,000 | $21.0M | 0.04% | |
| 139 | MTZMASTEC INC | 100,997 | $21.0M | 0.04% | |
| 140 | SLBSLB LIMITED | 582,004 | $21.0M | 0.04% | Put |
| 141 | PFEPFIZER INC | 927,723 | $21.0M | 0.04% | Put |
| 142 | CMECME GROUP INC | 80,100 | $20.0M | 0.04% | Put |
| 143 | PRUPRUDENTIAL FINL INC | 189,739 | $20.0M | 0.04% | Put |
| 144 | MDLNMEDLINE INC | 489,000 | $20.0M | 0.04% | |
| 145 | NKENIKE INC | 317,114 | $19.0M | 0.04% | Put |
| 146 | DGDOLLAR GEN CORP NEW | 153,453 | $19.0M | 0.04% | Put |
| 147 | SCHWSCHWAB CHARLES CORP | 195,800 | $19.0M | 0.04% | Put |
| 148 | SJNKSPDR SERIES TRUST | 760,701 | $19.0M | 0.04% | |
| 149 | MSTR 2.25 06/15/32STRATEGY INC | 16,500,000 | $18.0M | 0.04% | |
| 150 | CRMSALESFORCE INC | 72,670 | $18.0M | 0.04% | Put |
| 151 | UNPUNION PAC CORP | 83,201 | $18.0M | 0.04% | Put |
| 152 | FCXFREEPORT-MCMORAN INC | 371,800 | $18.0M | 0.04% | Put |
| 153 | SBUXSTARBUCKS CORP | 241,481 | $18.0M | 0.04% | Put |
| 154 | TAT&T INC | 784,062 | $18.0M | 0.04% | Put |
| 155 | VTR 3.75 06/01/26VENTAS RLTY LTD PARTNERSHIP | 12,500,000 | $17.0M | 0.03% | |
| 156 | LVLNSPDR SERIES TRUST | 284,401 | $17.0M | 0.03% | Call |
| 157 | IGIBISHARES TR | 327,501 | $17.0M | 0.03% | |
| 158 | CEGCONSTELLATION ENERGY CORP | 51,705 | $17.0M | 0.03% | Put |
| 159 | AMGNAMGEN INC | 54,400 | $17.0M | 0.03% | Put |
| 160 | MIGASTRATEGY INC | 115,608 | $17.0M | 0.03% | Put |
| 161 | WDCWESTERN DIGITAL CORP | 102,802 | $17.0M | 0.03% | Put |
| 162 | CMGCHIPOTLE MEXICAN GRILL INC | 508,074 | $17.0M | 0.03% | Put |
| 163 | FE 4 05/01/26FIRSTENERGY CORP | 16,000,000 | $16.0M | 0.03% | |
| 164 | MCDMCDONALDS CORP | 59,095 | $16.0M | 0.03% | Put |
| 165 | SATSECHOSTAR CORP | 150,000 | $16.0M | 0.03% | |
| 166 | TYL 0.25 03/15/26TYLER TEX INDPT SCH DIST | 16,151,000 | $16.0M | 0.03% | |
| 167 | POST 2.5 08/15/27POST HLDGS INC | 15,000,000 | $16.0M | 0.03% | |
| 168 | MARA 2.125 09/01/31MARA HOLDINGS INC | 20,588,000 | $16.0M | 0.03% | |
| 169 | BXBLACKSTONE INC | 122,557 | $16.0M | 0.03% | Put |
| 170 | SEALTD 0.25 09/15/26SEA LTD | 17,000,000 | $16.0M | 0.03% | |
| 171 | JNKSPDR SERIES TRUST | 166,301 | $16.0M | 0.03% | |
| 172 | BABOEING CO | 78,663 | $16.0M | 0.03% | Put |
| 173 | COINCOINBASE GLOBAL INC | 73,004 | $16.0M | 0.03% | Put |
| 174 | MOALTRIA GROUP INC | 295,495 | $16.0M | 0.03% | Put |
| 175 | METMETLIFE INC | 215,502 | $16.0M | 0.03% | Put |
| 176 | FLR 1.125 08/15/29FLUOR CORP | 14,000,000 | $15.0M | 0.03% | |
| 177 | CLSK 0 06/15/30CLEANSPARK INC | 14,666,000 | $15.0M | 0.03% | |
| 178 | MSTRSTRATEGY INC | 12,500,000 | $15.0M | 0.03% | |
| 179 | INTUINTUIT | 25,351 | $15.0M | 0.03% | Put |
| 180 | AXPAMERICAN EXPRESS CO | 44,006 | $15.0M | 0.03% | Put |
| 181 | DUK 4.125 04/15/26DUKE ENERGY CORP NEW | 15,000,000 | $15.0M | 0.03% | |
| 182 | ARKKARK ETF TR | 200,000 | $15.0M | 0.03% | Put |
| 183 | ADIANALOG DEVICES INC | 63,332 | $15.0M | 0.03% | Put |
| 184 | HALHALLIBURTON CO | 574,356 | $15.0M | 0.03% | Put |
| 185 | GEVGE VERNOVA INC | 22,486 | $14.0M | 0.03% | Put |
| 186 | MRNAMODERNA INC | 535,300 | $14.0M | 0.03% | Put |
| 187 | SHYGISHARES TR | 338,501 | $14.0M | 0.03% | |
| 188 | DASHDOORDASH INC | 65,967 | $13.0M | 0.03% | Put |
| 189 | NTSTNETSTREIT CORP | 772,907 | $13.0M | 0.03% | |
| 190 | MMM3M CO | 95,138 | $13.0M | 0.03% | Put |
| 191 | INVA 2.125 03/15/28INNOVIVA INC | 13,000,000 | $13.0M | 0.03% | |
| 192 | SMHVANECK ETF TRUST | 35,900 | $12.0M | 0.02% | Put |
| 193 | LBRDKLIBERTY BROADBAND CORP | 253,975 | $12.0M | 0.02% | |
| 194 | DHRDANAHER CORPORATION | 57,601 | $12.0M | 0.02% | Put |
| 195 | NEMNEWMONT CORP | 132,525 | $12.0M | 0.02% | Put |
| 196 | CRWVCOREWEAVE INC | 176,475 | $12.0M | 0.02% | |
| 197 | LNT 3.875 03/15/26ALLIANT ENERGY CORP | 12,000,000 | $12.0M | 0.02% | |
| 198 | SO 4.5 06/15/27SOUTHERN CO | 11,500,000 | $12.0M | 0.02% | |
| 199 | ATEC 0.75 08/01/26ALPHATEC HLDGS INC | 9,968,000 | $12.0M | 0.02% | |
| 200 | MARA 0 03/01/30MARA HOLDINGS INC | 15,000,000 | $11.0M | 0.02% |