CAPSTONE INVESTMENT ADVISORS LLC's Q4 2021 13F: 143 new positions, 298 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 11, 2022 · 665 reported positions · accession 0001725547-22-000044
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | SPDR S&P 500 ETF TR (SPY) | 0.8% | 8.0% | +7.2 pts | +551K sh | +828% |
| Reduced | MICROSOFT CORP (MSFT) | 3.1% | 1.0% | −2.1 pts | −293K sh | −73% |
| Increased | PAYPAL HLDGS INC (PYPL) | 0.9% | 3.3% | +2.4 pts | +512K sh | +412% |
| Reduced | ISHARES TR (EFA) | 2.1% | 0.4% | −1.7 pts | −793K sh | −80% |
| Reduced | APPLE INC (AAPL) | 1.7% | 0.6% | −1.2 pts | −332K sh | −73% |
| Exited | KANSAS CITY SOUTHERN (KSU) | 1.5% | — | −1.5 pts | −204K sh | −100% |
| Increased | BK OF AMERICA CORP (BAC) | 0.2% | 1.7% | +1.5 pts | +1.23M sh | +704% |
| Increased | MEDTRONIC PLC (MDT) | 0.0% | 1.4% | +1.4 pts | +488K sh | +8568% |
| Reduced | QUALCOMM INC (QCOM) | 0.9% | 0.0% | −0.9 pts | −261K sh | −100% |
| Increased | GOLDMAN SACHS GROUP INC (GS) | 0.1% | 1.4% | +1.3 pts | +124K sh | +1836% |
| Increased | CITIGROUP INC (C) | 0.2% | 1.3% | +1.1 pts | +688K sh | +617% |
| Exited | HILL-ROM HLDGS INC (HRC) | 1.1% | — | −1.1 pts | −274K sh | −100% |
| Reduced | UNION PAC CORP (UNP) | 0.9% | 0.0% | −0.9 pts | −161K sh | −99% |
| Exited | FIVE9 INC (FIVN) | 1.1% | — | −1.1 pts | −249K sh | −100% |
| Exited | PPD INC (PPD) | 1.1% | — | −1.1 pts | −848K sh | −100% |
| Increased | ISHARES TR (IWM) | 0.8% | 1.9% | +1.1 pts | +172K sh | +122% |
| Increased | DISNEY WALT CO (DIS) | 1.3% | 2.1% | +0.9 pts | +230K sh | +84% |
| Reduced | ALPHABET INC (GOOG) | 1.0% | 0.2% | −0.9 pts | −12,069 sh | −86% |
| Reduced | FEDEX CORP (FDX) | 1.1% | 0.4% | −0.7 pts | −128K sh | −71% |
| Reduced | MICRON TECHNOLOGY INC (MU) | 0.9% | 0.3% | −0.6 pts | −353K sh | −75% |
| Reduced | NUANCE COMMUNICATIONS INC (NUAN) | 4.8% | 4.0% | −0.8 pts | −587K sh | −18% |
| New | BLACKROCK INC (BLK) | — | 0.9% | +0.9 pts | +34,875 sh | new |
| Increased | COMCAST CORP NEW (CMCSA) | 0.0% | 0.9% | +0.9 pts | +629K sh | +91060% |
| Increased | AT&T INC (T) | 1.0% | 1.8% | +0.8 pts | +1.28M sh | +93% |
| Increased | MOODYS CORP (MCO) | 0.0% | 0.9% | +0.8 pts | +79,307 sh | +11444% |
| Increased | PRINCIPAL FINANCIAL GROUP IN (PFG) | 0.0% | 0.8% | +0.8 pts | +399K sh | +45200% |
| Reduced | NIKE INC (NKE) | 0.7% | 0.0% | −0.7 pts | −172K sh | −98% |
| Increased | BOEING CO (BA) | 0.5% | 1.2% | +0.7 pts | +141K sh | +185% |
| Increased | AFLAC INC (AFL) | 0.0% | 0.8% | +0.7 pts | +466K sh | +5056% |
| Reduced | AMAZON COM INC (AMZN) | 2.8% | 2.1% | −0.7 pts | −8,099 sh | −26% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 0.7% | 0.3% | −0.5 pts | −50,070 sh | −71% |
| Increased | GENERAL ELECTRIC CO (GE) | 0.0% | 0.7% | +0.7 pts | +265K sh | +2717% |
| Reduced | MASTERCARD INCORPORATED (MA) | 0.7% | 0.1% | −0.6 pts | −68,929 sh | −90% |
| New | MSCI INC (MSCI) | — | 0.7% | +0.7 pts | +40,001 sh | new |
| Reduced | IHS MARKIT LTD (INFO) | 5.9% | 6.1% | +0.2 pts | −184K sh | −10% |
| Increased | VERIZON COMMUNICATIONS INC (VZ) | 0.6% | 1.2% | +0.6 pts | +470K sh | +115% |
| New | CYRUSONE INC (CONE) | — | 0.7% | +0.7 pts | +270K sh | new |
| Reduced | WALMART INC (WMT) | 0.7% | 0.0% | −0.6 pts | −166K sh | −94% |
| Reduced | HOME DEPOT INC (HD) | 0.5% | 0.0% | −0.5 pts | −55,864 sh | −98% |
| Reduced | META PLATFORMS INC (META) | 1.7% | 1.1% | −0.6 pts | −68,428 sh | −37% |
| Increased | GALLAGHER ARTHUR J & CO (AJG) | 0.0% | 0.6% | +0.6 pts | +135K sh | +207592% |
| Increased | TWITTER INC (TWTR) | 0.2% | 0.7% | +0.6 pts | +530K sh | +510% |
| Increased | ISHARES TR (EEM) | 0.5% | 1.1% | +0.6 pts | +458K sh | +126% |
| Reduced | JOHNSON & JOHNSON (JNJ) | 0.6% | 0.0% | −0.6 pts | −130K sh | −93% |
| Reduced | CATERPILLAR INC (CAT) | 0.8% | 0.3% | −0.5 pts | −105K sh | −69% |
| Exited | PROCTER AND GAMBLE CO (PG) | 0.6% | — | −0.6 pts | −155K sh | −100% |
| Reduced | VERTEX PHARMACEUTICALS INC (VRTX) | 0.5% | 0.1% | −0.4 pts | −89,256 sh | −88% |
| Increased | ACTIVISION BLIZZARD INC (ATVI) | 0.6% | 1.0% | +0.4 pts | +278K sh | +96% |
| Exited | CIGNA CORP NEW (CI) | 0.5% | — | −0.5 pts | −89,573 sh | −100% |
| Reduced | NVIDIA CORPORATION (NVDA) | 1.2% | 1.3% | 0.0 pts | −58,810 sh | −27% |
The 50 largest of 762 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 38.7% of the equity book
Changes in the top 10 this quarter: SPY entered · PYPL entered · IWM entered · T entered · BAC entered · MSFT left · EFA left · AAPL left · META left · KSU left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR (SPY) | 0.8% | 8.0% | Entered the top 10 |
| 2 | XILINX INC (XLNX) | 5.4% | 7.7% | |
| 3 | IHS MARKIT LTD (INFO) | 5.9% | 6.1% | |
| 4 | NUANCE COMMUNICATIONS INC (NUAN) | 4.8% | 4.0% | |
| 5 | PAYPAL HLDGS INC (PYPL) | 0.9% | 3.3% | Entered the top 10 |
| 6 | DISNEY WALT CO (DIS) | 1.3% | 2.1% | |
| 7 | AMAZON COM INC (AMZN) | 2.8% | 2.1% | |
| 8 | ISHARES TR (IWM) | 0.8% | 1.9% | Entered the top 10 |
| 9 | AT&T INC (T) | 1.0% | 1.8% | Entered the top 10 |
| 10 | BK OF AMERICA CORP (BAC) | 0.2% | 1.7% | Entered the top 10 |
| — | MICROSOFT CORP (MSFT) | 3.1% | 1.0% | Left the top 10 |
| — | ISHARES TR (EFA) | 2.1% | 0.4% | Left the top 10 |
| — | APPLE INC (AAPL) | 1.7% | 0.6% | Left the top 10 |
| — | META PLATFORMS INC (META) | 1.7% | 1.1% | Left the top 10 |
| — | KANSAS CITY SOUTHERN (KSU) | 1.5% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | SPDR S&P 500 ETF TR (SPY) | Call | 4.46M | 0 | $0 |
| Increased | INVESCO QQQ TR (QQQ) | Call | 10,000 | 3.75M | $1.49B |
| Increased | APPLE INC (AAPL) | Put | 13.39M | 17.08M | $3.03B |
| Increased | ISHARES TR (IWM) | Put | 5.57M | 10.57M | $2.35B |
| Increased | INVESCO QQQ TR (QQQ) | Put | 5.3M | 7.04M | $2.8B |
| Increased | MICROSOFT CORP (MSFT) | Put | 7.02M | 8.11M | $2.73B |
| Increased | NVIDIA CORPORATION (NVDA) | Put | 3.36M | 3.81M | $1.12B |
| Increased | TESLA INC (TSLA) | Put | 595K | 770K | $814M |
| Increased | ISHARES TR (EFA) | Put | 12.52M | 15.89M | $1.25B |
| Increased | ALPHABET INC (GOOGL) | Put | 314K | 371K | $1.07B |
| Increased | UNITEDHEALTH GROUP INC (UNH) | Put | 824K | 1.07M | $538M |
| Increased | BERKSHIRE HATHAWAY INC DEL (BRK-B) | Put | 1.68M | 2.19M | $654M |
| Increased | ISHARES TR (HYG) | Put | 1.97M | 4.15M | $361M |
| Increased | ALPHABET INC (GOOG) | Put | 317K | 351K | $1.02B |
| Increased | BROADCOM INC (AVGO) | Put | 439K | 568K | $378M |
| Increased | HOME DEPOT INC (HD) | Put | 1.11M | 1.23M | $511M |
| Increased | PFIZER INC (PFE) | Put | 4.61M | 5.68M | $336M |
| Increased | QUALCOMM INC (QCOM) | Put | 1.21M | 1.55M | $283M |
| Increased | APPLE INC (AAPL) | Call | 2.48M | 2.68M | $475M |
| Reduced | ISHARES TR (EFA) | Call | 5.27M | 3.67M | $288M |
| Increased | ACCENTURE PLC IRELAND (ACN) | Put | 586K | 726K | $301M |
| Increased | PROCTER AND GAMBLE CO (PG) | Put | 1.91M | 2.31M | $378M |
| Increased | ABBVIE INC (ABBV) | Put | 1.3M | 1.8M | $244M |
| Increased | COSTCO WHSL CORP NEW (COST) | Put | 522K | 595K | $338M |
| Increased | CISCO SYS INC (CSCO) | Put | 3.16M | 4.34M | $275M |