CAPSTONE INVESTMENT ADVISORS LLC's Q3 2024 13F: 180 new positions, 349 exits
Form 13F-HR for the quarter ended Sep 30, 2024 · filed Nov 14, 2024 · 741 reported positions · accession 0001752724-24-250642
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | SPDR S&P 500 ETF TR (SPY) | 16.8% | 34.4% | +17.6 pts | +1.03M sh | +151% |
| New | VANGUARD INDEX FDS (VOO) | — | 17.1% | +17.1 pts | +930K sh | new |
| Reduced | INVESCO QQQ TR (QQQ) | 7.2% | 0.8% | −6.4 pts | −288K sh | −87% |
| Reduced | TESLA INC (TSLA) | 4.4% | 0.9% | −3.5 pts | −389K sh | −80% |
| Increased | SPDR SER TR (XOP) | 0.5% | 1.5% | +1.0 pts | +250K sh | +346% |
| Reduced | ISHARES TR (USMV) | 2.1% | 1.0% | −1.1 pts | −247K sh | −45% |
| Reduced | STARBUCKS CORP (SBUX) | 0.9% | 0.1% | −0.8 pts | −219K sh | −86% |
| Exited | VANECK ETF TRUST (GDX) | 0.7% | — | −0.7 pts | −431K sh | −100% |
| Reduced | APPLE INC (AAPL) | 0.7% | 0.0% | −0.7 pts | −74,087 sh | −94% |
| Reduced | HDFC BANK LTD (HDB) | 1.5% | 0.6% | −0.9 pts | −243K sh | −48% |
| Reduced | NIKE INC (NKE) | 1.1% | 0.4% | −0.6 pts | −171K sh | −54% |
| Reduced | MCDONALDS CORP (MCD) | 0.6% | 0.0% | −0.6 pts | −49,344 sh | −100% |
| Reduced | CISCO SYS INC (CSCO) | 0.8% | 0.2% | −0.6 pts | −262K sh | −71% |
| Increased | MICROSOFT CORP (MSFT) | 0.1% | 0.5% | +0.4 pts | +30,860 sh | +739% |
| Reduced | PAYPAL HLDGS INC (PYPL) | 0.4% | 0.0% | −0.4 pts | −160K sh | −98% |
| New | ISHARES BITCOIN TRUST ETF (IBIT) | — | 0.4% | +0.4 pts | +318K sh | new |
| Reduced | JOHNSON & JOHNSON (JNJ) | 0.5% | 0.1% | −0.4 pts | −58,631 sh | −78% |
| Reduced | SALESFORCE INC (CRM) | 0.4% | 0.0% | −0.4 pts | −34,425 sh | −98% |
| Reduced | SPDR SER TR (SJNK) | 0.9% | 0.4% | −0.5 pts | −350K sh | −42% |
| New | VANGUARD INDEX FDS (VTV) | — | 0.3% | +0.3 pts | +51,201 sh | new |
| Increased | WORKDAY INC (WDAY) | 0.1% | 0.4% | +0.3 pts | +36,438 sh | +402% |
| Increased | ELI LILLY & CO (LLY) | 0.0% | 0.3% | +0.3 pts | +9,975 sh | +9410% |
| Increased | NVIDIA CORPORATION (NVDA) | 0.9% | 1.0% | +0.1 pts | +70,898 sh | +44% |
| Reduced | ISHARES TR (SHYG) | 0.8% | 0.3% | −0.5 pts | −194K sh | −46% |
| Reduced | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 0.6% | 0.3% | −0.4 pts | −18,021 sh | −52% |
| Reduced | BRISTOL-MYERS SQUIBB CO (BMY) | 0.4% | 0.1% | −0.3 pts | −154K sh | −69% |
| Reduced | ACCENTURE PLC IRELAND (ACN) | 0.3% | 0.0% | −0.3 pts | −22,434 sh | −94% |
| Increased | ADOBE INC (ADBE) | 0.6% | 0.7% | +0.1 pts | +15,195 sh | +66% |
| New | ISHARES TR (MUB) | — | 0.3% | +0.3 pts | +69,601 sh | new |
| Increased | ICICI BANK LIMITED (IBN) | 0.0% | 0.3% | +0.3 pts | +249K sh | +2911% |
| Reduced | SPDR SER TR (JNK) | 0.7% | 0.3% | −0.4 pts | −73,900 sh | −43% |
| Reduced | AMAZON COM INC (AMZN) | 1.3% | 0.7% | −0.6 pts | −37,875 sh | −25% |
| Reduced | ISHARES TR (HYG) | 0.7% | 0.3% | −0.4 pts | −87,800 sh | −44% |
| Reduced | GILEAD SCIENCES INC (GILD) | 0.3% | 0.0% | −0.2 pts | −79,408 sh | −87% |
| Exited | COLOMBIER ACQUISITION CORP I (CLBR) | 0.2% | — | −0.2 pts | −500K sh | −100% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 0.5% | 0.2% | −0.3 pts | −11,329 sh | −50% |
| Reduced | ABBOTT LABS (ABT) | 0.3% | 0.0% | −0.3 pts | −57,532 sh | −99% |
| New | SPDR SER TR (CWB) | — | 0.2% | +0.2 pts | +83,301 sh | new |
| Reduced | SPDR SER TR (KRE) | 1.0% | 0.7% | −0.3 pts | −111K sh | −25% |
| Reduced | MASTERCARD INCORPORATED (MA) | 0.3% | 0.0% | −0.3 pts | −12,515 sh | −97% |
| Reduced | COMCAST CORP NEW (CMCSA) | 0.6% | 0.3% | −0.3 pts | −147K sh | −44% |
| Reduced | QUALCOMM INC (QCOM) | 0.3% | 0.0% | −0.3 pts | −31,921 sh | −86% |
| Exited | HOME DEPOT INC (HD) | 0.2% | — | −0.2 pts | −12,132 sh | −100% |
| Increased | MODERNA INC (MRNA) | 0.1% | 0.2% | +0.1 pts | +79,899 sh | +436% |
| Increased | OCCIDENTAL PETE CORP (OXY) | 0.0% | 0.2% | +0.2 pts | +101K sh | +5607% |
| Reduced | EXXON MOBIL CORP (XOM) | 0.2% | 0.0% | −0.2 pts | −44,406 sh | −99% |
| Increased | AIRBNB INC (ABNB) | 0.1% | 0.2% | +0.1 pts | +39,442 sh | +348% |
| Exited | PHILIP MORRIS INTL INC (PM) | 0.2% | — | −0.2 pts | −38,184 sh | −100% |
| Reduced | VERIZON COMMUNICATIONS INC (VZ) | 0.2% | 0.0% | −0.2 pts | −102K sh | −82% |
| Reduced | CVS HEALTH CORP (CVS) | 0.4% | 0.2% | −0.2 pts | −72,788 sh | −44% |
The 50 largest of 1,083 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- SIRIUSXM HOLDINGS INC (SIRI): 82968B103 → 829933100, 252K → 2,464 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 68.1% of the equity book
Changes in the top 10 this quarter: VOO entered · XOP entered · NVDA entered · HDB left · AMZN left · NKE left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR (SPY) | 16.8% | 34.4% | |
| 2 | VANGUARD INDEX FDS (VOO) | 0.0% | 17.1% | Entered the top 10 |
| 3 | ISHARES TR (IVV) | 11.3% | 9.2% | |
| 4 | SPDR SER TR (XOP) | 0.5% | 1.5% | Entered the top 10 |
| 5 | ISHARES TR (IWM) | 1.6% | 1.4% | |
| 6 | NVIDIA CORPORATION (NVDA) | 0.9% | 1.0% | Entered the top 10 |
| 7 | ISHARES TR (USMV) | 2.1% | 1.0% | |
| 8 | TESLA INC (TSLA) | 4.4% | 0.9% | |
| 9 | INTEL CORP (INTC) | 1.2% | 0.9% | |
| 10 | INVESCO QQQ TR (QQQ) | 7.2% | 0.8% | |
| — | HDFC BANK LTD (HDB) | 1.5% | 0.6% | Left the top 10 |
| — | AMAZON COM INC (AMZN) | 1.3% | 0.7% | Left the top 10 |
| — | NIKE INC (NKE) | 1.1% | 0.4% | 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 |
|---|---|---|---|---|---|
| Increased | SPDR S&P 500 ETF TR (SPY) | Put | 8.27M | 9.77M | $5.6B |
| New | VANGUARD INDEX FDS (VOO) | Put | 0 | 930K | $491M |
| Reduced | INVESCO QQQ TR (QQQ) | Call | 1.98M | 1.13M | $552M |
| Reduced | ISHARES TR (EFA) | Put | 2.85M | 36,500 | $3.05M |
| Reduced | INVESCO QQQ TR (QQQ) | Put | 6.67M | 6.1M | $2.98B |
| Increased | SPDR S&P 500 ETF TR (SPY) | Call | 1.9M | 2.15M | $1.23B |
| Reduced | MICROSOFT CORP (MSFT) | Put | 1.9M | 1.56M | $671M |
| Reduced | ISHARES TR (IWM) | Put | 3.78M | 2.69M | $594M |
| Reduced | NVIDIA CORPORATION (NVDA) | Put | 12.47M | 11.33M | $1.38B |
| Reduced | ISHARES TR (EFA) | Call | 1.73M | 21,700 | $1.81M |
| Increased | ISHARES TR (HYG) | Put | 7.22M | 8.41M | $675M |
| Reduced | ALPHABET INC (GOOGL) | Put | 2.29M | 1.84M | $304M |
| Increased | SPDR GOLD TR (GLD) | Call | 690K | 1.06M | $257M |
| Reduced | APPLE INC (AAPL) | Put | 3.49M | 2.71M | $631M |
| Reduced | ISHARES TR (IEF) | Call | 1.25M | 250K | $24.5M |
| Exited | ISHARES TR (EMB) | Put | 1M | 0 | $0 |
| Increased | VANECK ETF TRUST (GDX) | Put | 1.89M | 3.81M | $152M |
| Increased | VANECK ETF TRUST (GDX) | Call | 1.89M | 3.81M | $152M |
| Reduced | AMAZON COM INC (AMZN) | Put | 2.9M | 2.56M | $477M |
| Increased | SELECT SECTOR SPDR TR (XLI) | Call | 508K | 1.02M | $139M |
| Reduced | GENERAL MTRS CO (GM) | Put | 2.84M | 1.24M | $55.5M |
| Exited | SELECT SECTOR SPDR TR (XLV) | Put | 495K | 0 | $0 |
| Exited | SELECT SECTOR SPDR TR (XLV) | Call | 495K | 0 | $0 |
| Reduced | ALPHABET INC (GOOG) | Put | 1.71M | 1.45M | $243M |
| Reduced | MICROSOFT CORP (MSFT) | Call | 731K | 613K | $264M |