Capstone Investment Advisors, LLC

CIK 1426196 · latest 13F filed 17 August 2026 · Read the filing on EDGAR

Capstone Investment Advisors, LLC reported 858 US-listed holdings worth $10.93 billion in its 13F for the quarter ended 30 June 2026, filed 17 August 2026. Its largest: Microsoft Corp. (14.7%), NVIDIA Corp. (12.6%) and iShares Core S&P 500 ETF (10.7%). Against the quarter before, it opened 321 positions, added to 257, trimmed 254 and sold out of 249.

Reported holdings$10.93B+21.4% on Q1 2026

Positions858+72 on Q1 2026

The largest ten66.1%of its reported holdings

Latest 13FQ2 2026filed 17 August 2026

Where the money is

OpenedAdded toTrimmed

The 14 largest of its 858 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 321Added 257Held 26Trimmed 254Sold out 249

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 321

Nokia Corporation NOK$193.8 million
Space Exploration Techn Corp. Class A Com STK SPCX$138.8 million
Etsy Inc. ETSY$48.3 million
Cerebras Systems Inc. Com Class A CBRS$44.7 million
iShares Trust HYG$29.8 million
SPDR Ser Trust SJNK$27.8 million
SPDR Ser Trust JNK$26.8 million
iShares Trust SHYG$25.4 million

and 313 more in the table below

Added to 257

NVIDIA Corp. NVDA+2.9 million shares · +71%
Microsoft Corp. MSFT+1.5 million shares · +55%
Invesco QQQ Trust QQQ+395,457 shares · +1256%
Micron Technology Inc. MU+176,967 shares · +331%
Meta Platforms, Inc. META+255,799 shares · +75%
Microstrategy Inc. MSTR+1.2 million shares · +1948%
Berkshire Hathaway Inc. Class B BRKB+170,251 shares · +628%
Alibaba Group Holding Limited BABA+765,306 shares · +9612%

and 249 more in the table below

Trimmed 254

Amazon.com Inc. AMZN-2.7 million shares · -46%
Advanced Micro Devices Inc. AMD-654,966 shares · -91%
SPDR S&P 500 SPY-491,996 shares · -83%
Alphabet Inc. GOOGL-651,944 shares · -95%
Alphabet Inc. GOOG-566,686 shares · -68%
Warner Bros. Discovery, Inc. WBD-6.8 million shares · -67%
Tesla, Inc. TSLA-131,111 shares · -9%
International Business Machines Corp. IBM-131,638 shares · -87%

and 246 more in the table below

Sold out of 249

Electronic Arts Inc EA$47.9 million last quarter
Palo Alto Networks Inc. PANW$16.6 million last quarter
Clearwater Analytics Hldgs I CWAN$16.6 million last quarter
Flowserve Corp. FLS$14.4 million last quarter
Coterra Energy Inc. CTRA$13.7 million last quarter
Visa Inc. V$12.4 million last quarter
LyondellBasell Industries N.V. LYB$10.1 million last quarter
Apellis Pharmaceuticals Inc. APLS$10.1 million last quarter

What it holds

Company	Shares	Value	Of its book	Change in shares
Microsoft Corp. MSFT	4,303,251	$1.61 billion	14.69%	+1,529,354
NVIDIA Corp. NVDA	6,869,767	$1.37 billion	12.58%	+2,854,459
iShares Core S&P 500 ETF IVV	1,562,108	$1.17 billion	10.71%	+4,274
Amazon.com Inc. AMZN	3,089,477	$736.3 million	6.74%	-2,679,833
Vanguard S&P 500 VOO	857,924	$589.2 million	5.39%	+2,589
Tesla, Inc. TSLA	1,322,989	$556.4 million	5.09%	-131,111
Meta Platforms, Inc. META	594,871	$335.1 million	3.07%	+255,799
Invesco QQQ Trust QQQ	426,945	$314.4 million	2.88%	+395,457
Apple Inc. AAPL	934,697	$270.5 million	2.48%	-51,668
Micron Technology Inc. MU	230,359	$265.9 million	2.43%	+176,967
Nokia Corporation NOK	14,595,379	$193.8 million	1.77%	new
Oracle Corp. ORCL	1,217,291	$178.4 million	1.63%	+333,108
Broadcom Inc. AVGO	448,295	$169.3 million	1.55%	+70,400
Space Exploration Techn Corp. Class A Com STK SPCX	812,500	$138.8 million	1.27%	new
Microstrategy Inc. MSTR	1,298,361	$112.9 million	1.03%	+1,234,967
Palantir Technologies Inc. PLTR	925,130	$107.9 million	0.99%	+604,312
Berkshire Hathaway Inc. Class B BRKB	197,358	$98.8 million	0.90%	+170,251
Alphabet Inc. GOOG	271,923	$96.1 million	0.88%	-566,686
Warner Bros. Discovery, Inc. WBD	3,405,000	$90.8 million	0.83%	-6,800,000
Chart Inds Inc. GTLS	370,000	$77.3 million	0.71%	+207,000
SPDR S&P 500 SPY	101,328	$75.7 million	0.69%	-491,996
Alibaba Group Holding Limited BABA	773,268	$74.2 million	0.68%	+765,306
Webster Finl Corp. WBS	935,000	$71.5 million	0.65%	+85,500
iShares Trust FXI	2,201,127	$69.5 million	0.64%	+1,154,338
Kenvue Inc. KVUE	3,599,857	$68.8 million	0.63%	+935,264
Select Sector SPDR Trust XLE	1,164,746	$61.9 million	0.57%	+1,286
Taiwan Semiconductor Manufacturing Company Limited TSM	110,383	$52.7 million	0.48%	+62,735
Etsy Inc. ETSY	640,706	$48.3 million	0.44%	new
Cerebras Systems Inc. Com Class A CBRS	202,100	$44.7 million	0.41%	new
Roku, Inc. ROKU	320,000	$44.2 million	0.40%	+301,732
Sandisk Corp. SNDK	19,435	$44.2 million	0.40%	+15,707
iShares Trust EEM	605,065	$41.4 million	0.38%	-123,902
Adobe Inc. ADBE	195,190	$40.0 million	0.37%	+110,475
Netflix Inc. NFLX	529,559	$37.8 million	0.35%	+427,174
Advanced Micro Devices Inc. AMD	60,963	$35.4 million	0.32%	-654,966
iShares Trust HYG	372,550	$29.8 million	0.27%	new
SPDR Ser Trust SJNK	1,110,001	$27.8 million	0.25%	new
SPDR Ser Trust JNK	277,601	$26.8 million	0.24%	new
iShares Inc. EWZ	748,291	$25.8 million	0.24%	+692,044
iShares Trust SHYG	598,401	$25.4 million	0.23%	new
Globalstar Inc. Com New GSAT	300,000	$24.4 million	0.22%	new
Uber Technologies, Inc. UBER	316,531	$22.8 million	0.21%	+6,500
GXO Logistics, Inc. GXO	447,959	$22.7 million	0.21%	-516,508
lululemon athletica Inc. LULU	188,947	$21.6 million	0.20%	+44,630
iShares Russell 2000 ETF IWM	68,994	$20.7 million	0.19%	new
iShares Trust MUB	187,001	$20.1 million	0.18%	new
Valaris Ltd. VAL	240,000	$17.4 million	0.16%	+140,357
Axalta Coating Systems Ltd. AXTA	500,000	$17.1 million	0.16%	new
Constellation Energy Corp. CEG	68,681	$17.1 million	0.16%	+8,196
Salesforce, Inc. CRM	108,524	$17.0 million	0.16%	+91,375
Lumentum Holdings Inc. LITE	19,176	$16.5 million	0.15%	+18,301
CME Group Inc. CME	73,981	$16.3 million	0.15%	+13,361
Apogee Therapeutics Inc. APGE	120,000	$15.9 million	0.15%	new
Innio NV INIO	400,000	$15.8 million	0.14%	new
Nuvalent Inc. NUVL	126,303	$15.6 million	0.14%	new
Blackstone Inc. BX	132,114	$15.5 million	0.14%	+6,167
Bio-Techne Corp. TECH	210,000	$14.8 million	0.14%	new
Vaneck ETF Trust HYD	280,101	$14.4 million	0.13%	new
Intuit Inc. INTU	54,053	$14.1 million	0.13%	+35,104
SPDR Blmbg Barclays Convert Secs ETF CWB	130,601	$14.1 million	0.13%	new
Fox Corp. FOX	299,700	$14.0 million	0.13%	+99,700
Coinbase Global, Inc. COIN	90,181	$13.2 million	0.12%	+33,723
Coreweave Inc. CRWV	122,219	$12.2 million	0.11%	-104,912
Alphabet Inc. GOOGL	32,227	$11.5 million	0.11%	-651,944
ServiceNow, Inc. NOW	114,841	$11.4 million	0.10%	+20,722
KKR & Co. Inc. KKR	117,885	$10.8 million	0.10%	-20,406
Janus Living Inc. JAN	375,000	$10.8 million	0.10%	new
Alcoa Corp. AA	201,349	$10.5 million	0.10%	-342,316
Qxo Inc. QXO	600,000	$10.4 million	0.09%	new
AT&T Inc. T	487,052	$10.1 million	0.09%	+470,884
NCR Atleos Corp. NATL	230,300	$10.0 million	0.09%	new
Compass Inc. COMP	789,152	$9.7 million	0.09%	new
ExxonMobil Holdings Corp. XOM	69,773	$9.5 million	0.09%	+67,545
Cardinal Infrastructure Grou CDNL	100,000	$9.4 million	0.09%	new
Anglogold Ashanti PLC AU	112,767	$9.1 million	0.08%	+62,333
United Rentals, Inc. URI	7,832	$8.9 million	0.08%	+7,507
Wells Fargo & Company WFC	107,169	$8.9 million	0.08%	-9,188
Coherent Corp. COHR	22,170	$8.7 million	0.08%	+20,429
Forgent Power Solutions Inc FPS	150,000	$8.4 million	0.08%	-150,000
Chevron Corp. CVX	49,041	$8.1 million	0.07%	new
Celsius Holdings, Inc. CELH	276,454	$8.1 million	0.07%	+258,674
Neuberger Berman Next Genera NBXG	488,681	$8.1 million	0.07%	no change
Vistra Corp. VST	50,358	$8.0 million	0.07%	-54,135
Gabelli Funds/Closed-end GDV	262,242	$7.7 million	0.07%	no change
Rio Tinto plc RIO	80,006	$7.6 million	0.07%	new
Liberty Broadband Corp. LBRDK	222,568	$7.4 million	0.07%	new
Nike, Inc. NKE	179,873	$7.4 million	0.07%	+95,302
Trane Technologies plc TT	14,994	$7.4 million	0.07%	+13,173
Vaneck ETF Trust GDX	97,114	$7.3 million	0.07%	+70,319
SPDR Ser Trust KRE	97,629	$7.3 million	0.07%	-283,414
L3Harris Technologies, Inc. LHX	24,533	$7.1 million	0.07%	+9,284
Cava Group, Inc. CAVA	89,500	$7.0 million	0.06%	+43,561
Jacobs Solutions Inc. J	55,609	$7.0 million	0.06%	-194,359
Liberty Live Hldgs Inc. LLYVK	65,562	$6.9 million	0.06%	new
ASA Gold and Precious Mtls L ASA	129,134	$6.7 million	0.06%	no change
Liberty Broadband Corp. LBRDA	200,000	$6.7 million	0.06%	new
Firefly Aerospace Inc. FLY	224,891	$6.6 million	0.06%	new
Super Micro Computer, Inc. SMCI	223,574	$6.6 million	0.06%	+22,089
SPDR Ser Trust XBI	40,463	$6.4 million	0.06%	-17,452
Apollo Global Management, Inc. APO	53,065	$6.3 million	0.06%	-39,678
Curtiss Wright Corp. CW	8,259	$6.3 million	0.06%	new
Lionsgate Studios Corp. LION	407,000	$6.2 million	0.06%	new
Chipotle Mexican Grill Inc. CMG	182,570	$6.2 million	0.06%	-1,125
DPC Holdings PLC DPC	125,000	$6.1 million	0.06%	new
Intel Corp. INTC	43,215	$6.0 million	0.06%	-178,540
Teck Resources Ltd TECK	100,000	$5.9 million	0.05%	no change
Newmont Corp. NEM	62,908	$5.9 million	0.05%	+42,520
Boeing Co. BA	26,801	$5.8 million	0.05%	-44,205
Freeport-McMoRan Inc. FCX	90,291	$5.7 million	0.05%	+85,373
International Business Machines Corp. IBM	20,079	$5.6 million	0.05%	-131,638
Walt Disney Co. DIS	57,044	$5.5 million	0.05%	+5,853
PayPal Holdings, Inc. PYPL	126,431	$5.5 million	0.05%	+14,880
PepsiCo Inc. PEP	39,838	$5.4 million	0.05%	+27,105
Comcast Corp. CMCSA	213,597	$5.2 million	0.05%	+110,208
McDonald's Corp. MCD	19,219	$5.2 million	0.05%	+15,664
Verizon Communications Inc. VZ	122,532	$5.2 million	0.05%	+103,241
Boston Scientific Corp. BSX	121,122	$5.2 million	0.05%	+42,875
Anheuser-Busch InBev SA/NV BUD	62,500	$5.2 million	0.05%	-11,500
Starbucks Corp. SBUX	48,225	$4.9 million	0.05%	-61,768
Applied Materials Inc. AMAT	6,676	$4.8 million	0.04%	+5,100
General Mills Inc. GIS	136,983	$4.8 million	0.04%	+59,517
Intuitive Surgical Inc. ISRG	11,825	$4.7 million	0.04%	+3,296
Terawulf Inc. WULF	188,527	$4.7 million	0.04%	+27,522
Abbott Laboratories ABT	51,072	$4.6 million	0.04%	-29,187
ON Semiconductor Corp. ON	49,000	$4.6 million	0.04%	+35,281
Louisiana-Pacific Corp. LPX	58,285	$4.6 million	0.04%	new
Mondelez International, Inc. MDLZ	77,525	$4.5 million	0.04%	+21,453
Philip Morris International Inc. PM	24,642	$4.5 million	0.04%	-30,971
GE Vernova Inc. GEV	3,596	$4.2 million	0.04%	+51
Barrick Mining Corp B	114,946	$4.2 million	0.04%	+58,037
Vertiv Holdings Co. VRT	12,437	$4.2 million	0.04%	+5,877
Home Depot, Inc. HD	11,784	$4.2 million	0.04%	-6,581
Robinhood Markets, Inc. HOOD	41,104	$4.1 million	0.04%	-214,950
Datadog, Inc. DDOG	15,815	$4.1 million	0.04%	-20,969
Coca-Cola Co. KO	49,535	$4.0 million	0.04%	+13,966
McKesson Corp. MCK	5,196	$3.9 million	0.04%	+3,839
Viking Holdings Ltd VIK	37,500	$3.9 million	0.04%	new
Western Ast Infl LKD Opp & I WIW	462,748	$3.9 million	0.04%	no change
JPMorgan Chase & Co. JPM	11,844	$3.9 million	0.04%	-38,600
Qualcomm Inc. QCOM	20,979	$3.9 million	0.04%	-94,102
British American Tobacco p.l.c. BTI	62,707	$3.9 million	0.04%	-33,293
Virtus Dividend Interest & P NFJ	253,669	$3.9 million	0.04%	-273,003
Estee Lauder Companies Inc. EL	48,524	$3.8 million	0.04%	+42,051
T-Mobile US, Inc. TMUS	22,478	$3.8 million	0.03%	+20,304
Accenture plc ACN	30,292	$3.8 million	0.03%	+28,710
ConocoPhillips COP	36,221	$3.8 million	0.03%	new
Howmet Aerospace Inc. HWM	13,948	$3.8 million	0.03%	-9,547
Arm Holdings plc ARM	10,492	$3.7 million	0.03%	+5,830
Vanguard Value ETF VTV	16,701	$3.6 million	0.03%	+300
Dow Inc. DOW	127,178	$3.5 million	0.03%	+121,548
nVent Electric plc NVT	20,401	$3.5 million	0.03%	new
Clough Global Opportunities GLO	560,671	$3.4 million	0.03%	no change
Kimberly Clark Corp. KMB	30,496	$3.3 million	0.03%	+22,863
Texas Roadhouse, Inc. TXRH	17,130	$3.3 million	0.03%	+10,636
Morgan Stanley MS	15,683	$3.3 million	0.03%	-12,520
Tidewater Inc. TDW	49,103	$3.3 million	0.03%	new
ROSS Stores, Inc. ROST	15,358	$3.3 million	0.03%	+5,653
Allspring Global Dividend Op EOD	485,255	$3.2 million	0.03%	-4,055
BlackRock, Inc. BLK	3,210	$3.1 million	0.03%	+1,361
Equitable Holdings, Inc. EQH	70,000	$3.1 million	0.03%	new
Exponent Inc. EXPO	52,159	$3.1 million	0.03%	+41,552
Monster Beverage Corp. MNST	31,747	$3.1 million	0.03%	-65,558
Pfizer Inc. PFE	126,497	$3.0 million	0.03%	new
Bitmine Immersion Tecnologie BMNR	228,822	$3.0 million	0.03%	+130,256
Southwest Gas Holdings, Inc. SWX	34,032	$3.0 million	0.03%	new
Lennox International Inc. LII	5,220	$3.0 million	0.03%	new
Reynolds Consumer Products Inc. REYN	109,460	$2.9 million	0.03%	+2,378
Spotify Technology S.A. SPOT	6,321	$2.9 million	0.03%	+1,880
Petróleo Brasileiro S.A. (Petrobras) PBR	178,861	$2.9 million	0.03%	new
Adam Nat Res FD Inc. PEO	115,997	$2.9 million	0.03%	+2,236
Sea Limited SE	29,381	$2.8 million	0.03%	-1,603
Digitalbridge Group Inc. DBRG	174,094	$2.7 million	0.03%	-150,906
Herc Hldgs Inc. HRI	18,529	$2.7 million	0.02%	new
Procter & Gamble Co. PG	17,752	$2.6 million	0.02%	-30,603
FedEx Corp. FDX	8,258	$2.6 million	0.02%	+6,568
Comfort Systems USA Inc. FIX	1,300	$2.6 million	0.02%	+926
Brown Forman Corp. BFB	95,339	$2.5 million	0.02%	+51,657
Virtus Total Return FD Inc. ZTR	370,223	$2.5 million	0.02%	no change
DoorDash, Inc. DASH	13,701	$2.5 million	0.02%	-14,428
Zoetis Inc. ZTS	35,180	$2.5 million	0.02%	+24,005
Marriott International Inc. MAR	6,695	$2.5 million	0.02%	+4,294
Columbia Sportswear Co. COLM	39,904	$2.5 million	0.02%	+24,157
BNY Mellon Strategic Muns in LEO	379,865	$2.5 million	0.02%	no change
Kratos Defense & Security Solutions, Inc. KTOS	49,135	$2.4 million	0.02%	+28,642
Capital One Financial Corp. COF	12,196	$2.4 million	0.02%	-39,652
Mastercard Inc. MA	4,738	$2.4 million	0.02%	-35,604
Lowe's Companies Inc. LOW	10,813	$2.4 million	0.02%	new
Liberty Media Corp. Del FWONK	24,885	$2.4 million	0.02%	new
Goldman Sachs Group Inc. GS	2,303	$2.3 million	0.02%	-4,140
Ulta Beauty, Inc. ULTA	5,128	$2.3 million	0.02%	new
Carpenter Technology Corp. CRS	3,732	$2.3 million	0.02%	new
Novo Nordisk A/S NVO	47,778	$2.3 million	0.02%	-50,768
General Amern Invs Co. Inc. GAM	35,841	$2.3 million	0.02%	no change
Five Below, Inc. FIVE	12,042	$2.2 million	0.02%	+2,594
ATI Inc. ATI	10,849	$2.1 million	0.02%	-14,170
S&P Global Inc. SPGI	5,235	$2.1 million	0.02%	-7,166
iShares Trust MTUM	6,139	$2.1 million	0.02%	+4,906
Casey's General Stores, Inc. CASY	2,624	$2.1 million	0.02%	-2,005
Blue Owl Capital Inc. OWL	237,747	$2.1 million	0.02%	+183,478
TJX Companies Inc. TJX	13,728	$2.1 million	0.02%	-9,622
Marzetti Co. MZTI	18,216	$2.1 million	0.02%	+4,008
Marvell Technology, Inc. MRVL	6,898	$2.1 million	0.02%	-69,299
Cheesecake Factory Inc. CAKE	25,291	$2.0 million	0.02%	new
Barclays Bank PLC VXX	90,753	$2.0 million	0.02%	new
SRH Total Return Fund Inc. STEW	111,819	$2.0 million	0.02%	no change
Snowflake Inc. SNOW	7,862	$2.0 million	0.02%	-23,727
Circle Internet Group Inc. CRCL	31,402	$2.0 million	0.02%	new
Stryker Corp. SYK	6,208	$2.0 million	0.02%	-272
Technology Select Sector SPDR ETF XLK	10,203	$1.9 million	0.02%	-90,843
SPDR Dow Jones Indl Average DIA	3,711	$1.9 million	0.02%	no change
Target Corp. TGT	14,635	$1.9 million	0.02%	+4,273
Medtronic plc MDT	24,265	$1.9 million	0.02%	+6,435
Kbr, Inc. KBR	54,627	$1.9 million	0.02%	-664,786
Packaging Corp. of America PKG	7,852	$1.9 million	0.02%	new
Vita Coco Company, Inc. COCO	27,261	$1.8 million	0.02%	new
Levi Strauss & Co. New LEVI	72,243	$1.8 million	0.02%	-12,372
Gilead Sciences, Inc. GILD	14,121	$1.8 million	0.02%	+7,867
3M Co. MMM	10,990	$1.8 million	0.02%	-23,046
Eli Lilly & Co. LLY	1,477	$1.8 million	0.02%	-3,630
Bank of America Corp. BAC	30,943	$1.8 million	0.02%	-211,954
Dutch Bros Inc. BROS	24,490	$1.8 million	0.02%	-26,718
O'Reilly Automotive, Inc. ORLY	19,087	$1.8 million	0.02%	+2,410
UnitedHealth Group Inc. UNH	4,218	$1.8 million	0.02%	-13,241
Tractor Supply Co. TSCO	55,453	$1.8 million	0.02%	+47,943
Liberty Media Corp. Del FWONA	20,000	$1.8 million	0.02%	new
Dick'S Sporting Goods, Inc. DKS	7,631	$1.7 million	0.02%	-2,375
Block, Inc. XYZ	22,753	$1.7 million	0.02%	+3,861
MercadoLibre, Inc. MELI	1,010	$1.7 million	0.02%	+264
PDD Holdings Inc. PDD	22,073	$1.7 million	0.02%	+12,087
Burlington Stores, Inc. BURL	5,301	$1.7 million	0.02%	new
Dollar General Corp. DG	14,467	$1.7 million	0.02%	-17,406
Tapestry, Inc. TPR	11,157	$1.6 million	0.01%	-2,210
Sun Life Financial Inc. SLF	20,729	$1.6 million	0.01%	+13,431
AeroVironment Inc. AVAV	9,820	$1.6 million	0.01%	+5,129
Liberty Live Holdings Inc. Com Ser A LLYVA	16,000	$1.6 million	0.01%	new
Agco Corp. AGCO	13,274	$1.6 million	0.01%	new
Autodesk, Inc. ADSK	8,111	$1.6 million	0.01%	-10,988
Rocket Lab Corp. RKLB	15,338	$1.6 million	0.01%	-10,311
Grand Canyon Education, Inc. LOPE	10,789	$1.5 million	0.01%	+6,693
Idacorp Inc. IDA	10,120	$1.5 million	0.01%	+1,717
Bok Finl Corp. BOKF	10,980	$1.5 million	0.01%	+2,198
Emcor Group, Inc. EME	1,825	$1.5 million	0.01%	+1,039
iShares Trust EFA	14,572	$1.5 million	0.01%	-135,338
Otter Tail Corp. OTTR	16,814	$1.5 million	0.01%	+5,673
Veralto Corp. VLTO	16,938	$1.5 million	0.01%	+10,107
Cintas Corp. CTAS	8,738	$1.5 million	0.01%	-1,127
Canadian Imperial Bank of Commerce CM	12,865	$1.5 million	0.01%	-2,264
ASML Holding N.V. ASML	743	$1.5 million	0.01%	+395
Aramark ARMK	25,751	$1.5 million	0.01%	+18,617
Charles Schwab Corp. SCHW	15,608	$1.4 million	0.01%	-14,185
Conagra Brands Inc. CAG	106,656	$1.4 million	0.01%	new
Otis Worldwide Corp. OTIS	19,861	$1.4 million	0.01%	+14,346
Manulife Financial Corporation MFC	34,812	$1.4 million	0.01%	+3,024
Pg&E Corp. PCG	83,661	$1.4 million	0.01%	+32,424
General Dynamics Corp. GD	3,961	$1.4 million	0.01%	+2,662
Intercontinental Exchange, Inc. ICE	11,364	$1.4 million	0.01%	new
RTX Corp. RTX	7,370	$1.4 million	0.01%	-24,033
Commercial Metals Co. CMC	22,199	$1.4 million	0.01%	new
CNO Financial Group, Inc. CNO	27,063	$1.4 million	0.01%	+15,455
Merit Medical Systems Inc. MMSI	19,611	$1.4 million	0.01%	+6,501
Macy's, Inc. M	57,502	$1.4 million	0.01%	new
Revolution Medicines, Inc. RVMD	7,200	$1.3 million	0.01%	new
Globe Life Inc. GL	7,426	$1.3 million	0.01%	+4,046
the Trade Desk Inc. TTD	72,404	$1.3 million	0.01%	+39,950
BCE Inc BCE	60,834	$1.3 million	0.01%	+15,588
ADT Inc. ADT	201,213	$1.3 million	0.01%	+45,991
Illinois Tool Works Inc. ITW	4,761	$1.3 million	0.01%	+3,316
Paychex Inc. PAYX	13,078	$1.3 million	0.01%	+7,421
RB Global Inc. RBA	10,980	$1.3 million	0.01%	-2,581
Emera Inc. F EMA	24,080	$1.3 million	0.01%	+12,384
Whirlpool Corp. WHR	32,318	$1.3 million	0.01%	new
Williams Sonoma Inc. WSM	5,413	$1.3 million	0.01%	-643
iShares Trust IWC	6,301	$1.3 million	0.01%	new
Banner Corp. BANR	18,269	$1.2 million	0.01%	+10,563
Infosys Limited INFY	115,511	$1.2 million	0.01%	+75,621
Hancock Whitney Corp. HWC	16,165	$1.2 million	0.01%	+728
Lennar Corp. LEN	13,345	$1.2 million	0.01%	+5,132
Ally Financial Inc. ALLY	26,207	$1.2 million	0.01%	+8,970
Altria Group, Inc. MO	16,674	$1.2 million	0.01%	new
Cummins Inc. CMI	1,666	$1.2 million	0.01%	-982
APi Group Corp. APG	27,906	$1.2 million	0.01%	-2,015
Ameriprise Financial Inc. AMP	2,572	$1.2 million	0.01%	+1,142
Copart Inc. CPRT	41,182	$1.2 million	0.01%	-662
Quanta Services, Inc. PWR	1,606	$1.2 million	0.01%	+733
BNY Mellon Strategic Mun BD DSM	187,555	$1.2 million	0.01%	no change
Deere & Co. DE	1,790	$1.1 million	0.01%	-3,413
Bank of New York Mellon Corp. BNY	7,789	$1.1 million	0.01%	-2,959
Gabelli Funds/Closed-end GGZ	69,157	$1.1 million	0.01%	no change
Keurig Dr Pepper Inc. KDP	34,312	$1.1 million	0.01%	-1,143
FNB Corp. FNB	58,851	$1.1 million	0.01%	+46,250
Cal-Maine Foods Inc. CALM	13,925	$1.1 million	0.01%	+4,083
Fortis Inc. FTS	19,544	$1.1 million	0.01%	new
Woodward, Inc. WWD	2,607	$1.1 million	0.01%	-603
Caterpillar Inc. CAT	1,026	$1.1 million	0.01%	+113
Franklin Electric Co. Inc. FELE	10,113	$1.1 million	0.01%	new
Ellsworth Growth & Income FD ECF	81,490	$1.1 million	0.01%	no change
PPL Corp. PPL	29,509	$1.1 million	0.01%	new
Motorola Solutions, Inc. MSI	2,574	$1.1 million	0.01%	+1,191
Workday, Inc. WDAY	8,688	$1.1 million	0.01%	-6,616
Citizens Financial Group Inc. CFG	15,151	$1.1 million	0.01%	new

Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported; the largest 300 here.

Change is shares against its 13F for the quarter before; the 249 it sold out of are in the box above.

Options it reported

Company	Option	Shares under the options	Value of those shares
SPDR S&P 500 SPY	Puts	9,339,800	$6.97 billion
Invesco QQQ Trust QQQ	Puts	7,834,500	$5.77 billion
NVIDIA Corp. NVDA	Puts	11,290,900	$2.26 billion
Invesco QQQ Trust QQQ	Calls	2,790,400	$2.05 billion
Microsoft Corp. MSFT	Puts	4,805,900	$1.79 billion
Apple Inc. AAPL	Puts	4,189,900	$1.21 billion
Amazon.com Inc. AMZN	Puts	4,448,000	$1.06 billion
Tesla, Inc. TSLA	Puts	2,103,800	$884.9 million
iShares Trust LQD	Puts	6,247,500	$681.4 million
iShares Russell 2000 ETF IWM	Calls	2,240,000	$673.0 million
SPDR S&P 500 SPY	Calls	890,400	$664.9 million
Yandex N V NBIS	Puts	2,255,500	$622.9 million
Micron Technology Inc. MU	Puts	521,200	$601.6 million
Financial Select Sector SPDR ETF XLF	Calls	9,931,500	$532.4 million
Alphabet Inc. GOOG	Puts	1,477,300	$522.0 million
Alphabet Inc. GOOGL	Puts	1,323,100	$472.8 million
iShares Trust FXI	Puts	13,429,700	$424.2 million
Meta Platforms, Inc. META	Puts	682,600	$384.5 million
iShares Trust FXI	Calls	11,572,200	$365.6 million
Advanced Micro Devices Inc. AMD	Puts	611,100	$355.0 million
Apple Inc. AAPL	Calls	1,224,700	$354.4 million
NVIDIA Corp. NVDA	Calls	1,580,500	$316.2 million
Broadcom Inc. AVGO	Puts	828,800	$313.1 million
Financial Select Sector SPDR ETF XLF	Puts	5,377,900	$288.3 million
iShares Trust HYG	Puts	3,552,400	$284.1 million
Intel Corp. INTC	Puts	2,028,900	$283.3 million
Berkshire Hathaway Inc. Class B BRKB	Puts	485,900	$243.1 million
Tesla, Inc. TSLA	Calls	552,100	$232.2 million
iShares Trust EEM	Puts	3,151,700	$215.6 million
Vaneck ETF Trust SMH	Puts	326,500	$214.1 million
SPDR Ser Trust KRE	Calls	2,585,000	$193.5 million
Nokia Corporation NOK	Puts	14,550,000	$193.2 million
SPDR Ser Trust KRE	Puts	2,562,100	$191.8 million
Amazon.com Inc. AMZN	Calls	781,800	$186.3 million
iShares Russell 2000 ETF IWM	Puts	570,000	$171.3 million
JPMorgan Chase & Co. JPM	Puts	502,800	$164.6 million
Microsoft Corp. MSFT	Calls	423,500	$158.0 million
Applied Materials Inc. AMAT	Puts	202,200	$146.2 million
Eli Lilly & Co. LLY	Puts	115,300	$138.3 million
Sandisk Corp. SNDK	Puts	58,800	$133.7 million
Alphabet Inc. GOOG	Calls	350,900	$124.0 million
ExxonMobil Holdings Corp. XOM	Puts	895,200	$122.4 million
Meta Platforms, Inc. META	Calls	216,800	$122.1 million
Microstrategy Inc. MSTR	Puts	1,372,100	$119.3 million
Lam Research Corp. LRCX	Puts	266,200	$115.4 million
Broadcom Inc. AVGO	Calls	289,000	$109.2 million
Alphabet Inc. GOOGL	Calls	297,100	$106.2 million
iShares Bitcoin Trust ETF IBIT	Puts	3,020,000	$100.5 million
Johnson & Johnson JNJ	Puts	354,700	$90.1 million
Caterpillar Inc. CAT	Puts	84,300	$89.8 million
Oracle Corp. ORCL	Puts	598,900	$87.8 million
Palantir Technologies Inc. PLTR	Puts	742,000	$86.6 million
Cisco Systems, Inc. CSCO	Puts	659,300	$77.4 million
Palo Alto Networks Inc. PANW	Puts	224,800	$76.7 million
Bank of America Corp. BAC	Puts	1,342,800	$76.5 million
Goldman Sachs Group Inc. GS	Puts	75,300	$76.2 million
Visa Inc. V	Puts	204,100	$70.0 million
Walmart Inc. WMT	Puts	615,300	$69.7 million
Alibaba Group Holding Limited BABA	Puts	720,000	$69.1 million
GE Vernova Inc. GEV	Puts	57,600	$67.7 million
Citigroup Inc. C	Puts	477,400	$66.8 million
Procter & Gamble Co. PG	Puts	447,800	$65.7 million
Chevron Corp. CVX	Puts	393,200	$65.2 million
Marvell Technology, Inc. MRVL	Puts	217,500	$64.8 million
Netflix Inc. NFLX	Puts	857,700	$61.2 million
UnitedHealth Group Inc. UNH	Puts	142,600	$59.3 million
Warner Bros. Discovery, Inc. WBD	Puts	2,192,000	$58.4 million
Space Exploration Techn Corp. Class A Com STK SPCX	Calls	325,000	$55.5 million
Lam Research Corp. LRCX	Calls	123,300	$53.4 million
Qualcomm Inc. QCOM	Puts	283,500	$52.4 million
Seagate Technology Holdings plc STX	Puts	51,000	$49.2 million
Merck & Co., Inc. MRK	Puts	365,400	$47.0 million
Coca-Cola Co. KO	Puts	574,900	$46.7 million
Micron Technology Inc. MU	Calls	38,400	$44.3 million
RTX Corp. RTX	Puts	230,800	$43.8 million
AbbVie Inc. ABBV	Puts	170,100	$42.8 million
Adobe Inc. ADBE	Puts	205,700	$42.2 million
Dell Technologies Inc. DELL	Puts	96,800	$41.8 million
Home Depot, Inc. HD	Puts	116,700	$41.2 million
Morgan Stanley MS	Puts	196,800	$41.1 million
Wells Fargo & Company WFC	Puts	491,700	$40.6 million
Mastercard Inc. MA	Puts	78,500	$40.3 million
General Electric Co. GE	Puts	106,700	$39.9 million
Cisco Systems, Inc. CSCO	Calls	338,800	$39.8 million
Advanced Micro Devices Inc. AMD	Calls	68,400	$39.7 million
CrowdStrike Holdings, Inc. CRWD	Puts	51,400	$39.2 million
Costco Wholesale Corp. COST	Puts	41,500	$38.8 million
Western Digital Corp. WDC	Puts	59,000	$37.7 million
JPMorgan Chase & Co. JPM	Calls	113,700	$37.2 million
Verizon Communications Inc. VZ	Puts	836,100	$35.4 million
Applied Materials Inc. AMAT	Calls	48,200	$34.8 million
International Business Machines Corp. IBM	Puts	123,600	$34.8 million
Walmart Inc. WMT	Calls	302,800	$34.3 million
Linde plc LIN	Puts	63,600	$33.0 million
ARK ETF Trust ARKK	Puts	400,000	$32.3 million
Berkshire Hathaway Inc. Class B BRKB	Calls	64,200	$32.1 million
Freeport-McMoRan Inc. FCX	Puts	508,000	$31.9 million
Philip Morris International Inc. PM	Puts	173,700	$31.4 million
Uber Technologies, Inc. UBER	Puts	433,100	$31.3 million
Analog Devices Inc. ADI	Puts	78,500	$31.2 million

The largest 100 of 699 option lines.

A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.