CAPSTONE INVESTMENT ADVISORS, LLC

Holdings History for SPDR S&P 500 ETF TRUST - TR UNIT (SPY)

Symbol: SPY on NYSE
Investment type: Equity / TR UNIT

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Option	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
31 Dec 2025		0.95%	-0.29%	$117,072,026	171,680	-52,522	-23%	$681.92	Q4 2025
31 Dec 2025	call	2%	-0.88%	$770,569,600	1,130,000	-500,000	-31%	$681.92	Q4 2025
31 Dec 2025	put	34%	-8.1%	$13,334,536,448	19,554,400	-4,608,100	-19%	$681.92	Q4 2025
30 Sep 2025		1.3%	+0.85%	$149,358,888	224,202	+146,336	+188%	$666.18	Q3 2025
30 Sep 2025	call	2.6%	+0.68%	$1,085,873,400	1,630,000	+430,000	+36%	$666.18	Q3 2025
30 Sep 2025	put	38%	+8.7%	$16,096,574,250	24,162,500	+5,514,500	+30%	$666.18	Q3 2025
30 Jun 2025		0.41%	-1.8%	$48,109,508	77,866	-338,456	-81%	$617.85	Q2 2025
30 Jun 2025	call	2.6%	+0.43%	$741,420,000	1,200,000	+200,000	+20%	$617.85	Q2 2025
30 Jun 2025	put	40%	+7.2%	$11,521,666,800	18,648,000	+3,329,400	+22%	$617.85	Q2 2025
31 Mar 2025		2.1%	-1.6%	$232,886,364	416,322	-313,502		$559.39	Q1 2025
31 Mar 2025	call	2.1%	-0.33%	$559,390,000	1,000,000	-160,000		$559.39	Q1 2025
31 Mar 2025	put	32%	+16%	$8,569,071,654	15,318,600	+7,933,300	+100%	$559.39	Q1 2025
31 Dec 2024		4.2%	-5.7%	$427,735,250	729,824	-988,381	-58%	$586.08	Q4 2024
31 Dec 2024	call	2.2%	-1.8%	$679,852,800	1,160,000	-987,300	-46%	$586.08	Q4 2024
31 Dec 2024	put	14%	-4.5%	$4,328,376,624	7,385,300	-2,381,700	-24%	$586.08	Q4 2024
30 Sep 2024		19%	+11%	$985,837,301	1,718,205	+1,032,823	+151%	$573.76	Q3 2024
30 Sep 2024	call	4.5%	+0.51%	$1,232,034,848	2,147,300	+247,300	+13%	$573.76	Q3 2024
30 Sep 2024	put	20%	+3.1%	$5,603,913,920	9,767,000	+1,494,800	+18%	$573.76	Q3 2024
30 Jun 2024		8.1%	+2.7%	$372,998,592	685,382	+270,264	+65%	$544.22	Q2 2024
30 Jun 2024	call	3.8%	0%	$1,034,018,000	1,900,000	0		$544.22	Q2 2024
30 Jun 2024	put	16%	+15%	$4,501,896,684	8,272,200	+6,272,200	+314%	$544.22	Q2 2024
31 Mar 2024		4%	-23%	$217,135,772	415,118	-2,354,166	-85%	$523.07	Q1 2024
31 Mar 2024	call	4.4%	+4%	$993,833,000	1,900,000	+1,715,000	+927%	$523.07	Q1 2024
31 Mar 2024	put	4.7%	-0.02%	$1,046,140,000	2,000,000	-10,000	-0.5%	$523.07	Q1 2024
31 Dec 2023		23%	+21%	$1,316,268,392	2,769,284	+2,613,859	+1682%	$475.31	Q4 2023
31 Dec 2023	call	0.32%	+0.31%	$87,932,350	185,000	+179,500	+3264%	$475.31	Q4 2023
31 Dec 2023	put	3.5%	-5.2%	$955,373,068	2,010,000	-3,029,500	-60%	$475.31	Q4 2023
30 Sep 2023		1.8%	+1.8%	$66,441,079	155,425	+155,425	NEW	$427.48	Q3 2023
30 Sep 2023	call	0.01%	-1.6%	$2,351,140	5,500	-674,500	-99%	$427.48	Q3 2023
30 Sep 2023	put	12%	+7.9%	$2,154,285,460	5,039,500	+3,409,500	+209%	$427.48	Q3 2023
30 Jun 2023			-2.4%	$0	0	-185,773	-100%	$681.27	Q2 2023
30 Jun 2023	call	1.8%	+1.5%	$301,430,400	680,000	+580,000	+580%	$443.28	Q2 2023
30 Jun 2023	put	4.3%	+0.04%	$722,546,400	1,630,000	+15,000	+0.93%	$443.28	Q2 2023
31 Mar 2023		2.4%	-1.8%	$76,053,608	185,773	-143,120	-44%	$409.39	Q1 2023
31 Mar 2023	call	0.25%	-0.51%	$40,939,000	100,000	-206,300	-67%	$409.39	Q1 2023
31 Mar 2023	put	4%	+0.93%	$661,164,850	1,615,000	+377,300	+30%	$409.39	Q1 2023
31 Dec 2022		3.3%	-2.2%	$125,778,550	328,893	-214,058	-39%	$382.43	Q4 2022
31 Dec 2022	call	1.2%	+0.79%	$117,138,309	306,300	+206,300	+206%	$382.43	Q4 2022
31 Dec 2022	put	4.8%	+3.5%	$473,333,611	1,237,700	+907,700	+275%	$382.43	Q4 2022
30 Sep 2022		4.2%	+4.2%	$193,931,000	542,951	+542,951	NEW	$357.18	Q3 2022
30 Sep 2022	call	0.3%	-7.5%	$35,718,000	100,000	-2,500,000	-96%	$357.18	Q3 2022
30 Sep 2022	put	0.99%	+0.13%	$117,869,000	330,000	+45,000	+16%	$357.18	Q3 2022
30 Jun 2022	call	6.1%	+1.8%	$980,850,000	2,600,000	+763,500	+42%	$377.25	Q2 2022
30 Jun 2022	put	0.66%	-0.27%	$107,516,000	285,000	-115,000	-29%	$377.25	Q2 2022
31 Mar 2022			-4.7%	$0	0	-616,972	-100%	$681.27	Q1 2022
31 Mar 2022	call	2.6%	+2.6%	$829,437,000	1,836,500	+1,836,500	NEW	$451.64	Q1 2022
31 Mar 2022	put	0.57%	+0.39%	$180,656,000	400,000	+272,000	+212%	$451.64	Q1 2022
31 Dec 2021		4.7%	+4.2%	$293,037,000	616,972	+550,501	+828%	$474.96	Q4 2021
31 Dec 2021	call		-4.3%	$0	0	-4,458,100	-100%	$681.27	Q4 2021
31 Dec 2021	put	0.11%	-0.02%	$60,795,000	128,000	-27,000	-17%	$474.96	Q4 2021
30 Sep 2021		0.5%	-0.77%	$28,525,000	66,471	-101,870	-61%	$429.13	Q3 2021
30 Sep 2021	call	4.3%	-1.5%	$1,913,149,000	4,458,100	-1,594,500	-26%	$429.14	Q3 2021
30 Sep 2021	put	0.15%	-0.24%	$66,517,000	155,000	-253,600	-62%	$429.14	Q3 2021
30 Jun 2021		1.7%	-0.84%	$72,060,000	168,341	-81,874	-33%	$428.06	Q2 2021
30 Jun 2021	call	6.5%	+4.6%	$2,590,876,000	6,052,600	+4,252,600	+236%	$428.06	Q2 2021
30 Jun 2021	put	0.44%	+0.28%	$174,905,000	408,600	+258,400	+172%	$428.06	Q2 2021
31 Mar 2021		3%	-7.8%	$99,168,000	250,215	-650,593	-72%	$396.33	Q1 2021
31 Mar 2021	call	2.3%	+1.1%	$713,394,000	1,800,000	+876,200	+95%	$396.33	Q1 2021
31 Mar 2021	put	0.19%	-2.6%	$59,529,000	150,200	-1,973,700	-93%	$396.33	Q1 2021
31 Dec 2020		11%	-12%	$336,794,000	900,808	-1,009,144	-53%	$373.88	Q4 2020
31 Dec 2020	call	1.3%	+1.2%	$345,390,000	923,800	+823,400	+820%	$373.88	Q4 2020
31 Dec 2020	put	3%	+2.2%	$794,084,000	2,123,900	+1,589,700	+298%	$373.88	Q4 2020
30 Sep 2020		28%	+13%	$639,624,000	1,909,952	+859,091	+82%	$334.89	Q3 2020
30 Sep 2020	call	0.19%	-3%	$33,623,000	100,400	-1,573,700	-94%	$334.89	Q3 2020
30 Sep 2020	put	1%	-0.23%	$178,898,000	534,200	-117,000	-18%	$334.89	Q3 2020
30 Jun 2020		20%	+20%	$324,044,000	1,050,861	+1,050,861	NEW	$308.36	Q2 2020
30 Jun 2020	call	3.8%	+2.9%	$516,225,000	1,674,100	+1,244,200	+289%	$308.36	Q2 2020
30 Jun 2020	put	1.5%	+0.41%	$200,804,000	651,200	+178,900	+38%	$308.36	Q2 2020
31 Mar 2020			-3.9%	$0	0	-260,000	-100%	$681.27	Q1 2020
31 Mar 2020	call	2.1%	+1.9%	$110,807,000	429,900	+379,900	+760%	$257.75	Q1 2020
31 Mar 2020	put	2.3%	-2%	$121,735,000	472,300	-401,000	-46%	$257.75	Q1 2020
31 Dec 2019		3.9%	-23%	$83,684,000	260,000	-1,502,231	-85%	$321.86	Q4 2019
31 Dec 2019	call	0.1%	-0.42%	$16,093,000	50,000	-215,000	-81%	$321.86	Q4 2019
31 Dec 2019	put	1.7%	-0.4%	$281,080,000	873,300	-201,700	-19%	$321.86	Q4 2019
30 Sep 2019		24%	+21%	$522,977,000	1,762,231	+1,513,840	+609%	$296.77	Q3 2019
30 Sep 2019	call	0.63%	+0.48%	$78,644,000	265,000	+199,300	+303%	$296.77	Q3 2019
30 Sep 2019	put	2.6%	-0.12%	$319,028,000	1,075,000	-50,100	-4.5%	$296.77	Q3 2019
30 Jun 2019		2.9%	-0.06%	$72,779,000	248,391	-4,823	-1.9%	$293.00	Q2 2019
30 Jun 2019	call	0.17%	-0.07%	$19,250,000	65,700	-26,900	-29%	$293.00	Q2 2019
30 Jun 2019	put	2.9%	+0.43%	$329,654,000	1,125,100	+164,700	+17%	$293.00	Q2 2019
31 Mar 2019		4.8%	-4.1%	$71,528,000	253,214	-217,809	-46%	$282.48	Q1 2019
31 Mar 2019	call	0.28%	-4.2%	$26,158,000	92,600	-1,378,900	-94%	$282.48	Q1 2019
31 Mar 2019	put	2.9%	-1.7%	$271,294,000	960,400	-557,800	-37%	$282.48	Q1 2019
31 Dec 2018		6.8%	+2.3%	$117,718,000	471,023	+161,576	+52%	$249.92	Q4 2018
31 Dec 2018	call	5.8%	+5.8%	$367,757,000	1,471,500	+1,465,600	+24841%	$249.92	Q4 2018
31 Dec 2018	put	6%	+4.7%	$379,429,000	1,518,200	+1,190,100	+363%	$249.92	Q4 2018
30 Sep 2018		4.7%	-3.1%	$89,962,000	309,447	-204,775	-40%	$290.72	Q3 2018
30 Sep 2018	call	0.03%	-0.11%	$1,715,000	5,900	-25,000	-81%	$290.68	Q3 2018
30 Sep 2018	put	1.4%	+0.02%	$95,385,000	328,100	+4,500	+1.4%	$290.72	Q3 2018
30 Jun 2018		6%	-3.7%	$139,498,000	514,222	-314,000	-38%	$271.28	Q2 2018
30 Jun 2018	call	0.2%	-2.6%	$8,383,000	30,900	-404,700	-93%	$271.29	Q2 2018
30 Jun 2018	put	2.1%	-0.43%	$87,786,000	323,600	-67,100	-17%	$271.28	Q2 2018
31 Mar 2018		11%	-15%	$217,947,000	828,222	-1,144,349	-58%	$263.15	Q1 2018
31 Mar 2018	call	3.5%	+3.5%	$114,628,000	435,600	+432,600	+14420%	$263.15	Q1 2018
31 Mar 2018	put	3.2%	+2.4%	$102,813,000	390,700	+295,700	+311%	$263.15	Q1 2018
31 Dec 2017		24%	+24%	$526,400,000	1,972,571	+1,968,465	+47941%	$266.86	Q4 2017
31 Dec 2017	call	0.06%	+0.06%	$800,000	3,000	+3,000	NEW	$266.67	Q4 2017
31 Dec 2017	put	1.9%	+1.9%	$25,350,000	95,000	+95,000	NEW	$266.84	Q4 2017
30 Sep 2017		0.07%	-0.43%	$1,031,000	4,106	-25,136	-86%	$251.10	Q3 2017
30 Sep 2017	put		-2.4%	$0	0	-150,000	-100%	$681.27	Q3 2017
30 Jun 2017		0.33%	-2.4%	$7,070,000	29,242	-209,326	-88%	$241.78	Q2 2017
30 Jun 2017	put	2.4%	+0.24%	$36,270,000	150,000	+15,000	+11%	$241.80	Q2 2017
31 Mar 2017		2.8%	+2.5%	$56,240,000	238,568	+208,976	+706%	$235.74	Q1 2017
31 Mar 2017	call		-0.15%	$0	0	-8,900	-100%	$681.27	Q1 2017
31 Mar 2017	put	1.6%	-0.88%	$31,821,000	135,000	-74,900	-36%	$235.71	Q1 2017
31 Dec 2016		0.34%	+0.34%	$6,614,000	29,592	+29,592	NEW	$223.51	Q4 2016
31 Dec 2016	call	0.15%	+0.15%	$1,989,000	8,900	+8,900	NEW	$223.48	Q4 2016
31 Dec 2016	put	3.7%	+0.78%	$46,917,000	209,900	+44,900	+27%	$223.52	Q4 2016
30 Sep 2016	put	1.3%	+0.33%	$35,689,000	165,000	+40,000	+32%	$216.30	Q3 2016
30 Jun 2016	put	0.8%	-0.19%	$26,184,000	125,000	-30,000	-19%	$209.47	Q2 2016
31 Mar 2016	put	2.3%	+1.9%	$31,855,000	155,000	+130,000	+520%	$205.52	Q1 2016
31 Dec 2015	call		-0.38%	$0	0	-50,000	-100%	$681.27	Q4 2015
31 Dec 2015	put	0.27%	-4.3%	$5,096,000	25,000	-402,000	-94%	$203.84	Q4 2015
30 Sep 2015	call	0.38%	-0.19%	$9,581,000	50,000	-25,000	-33%	$191.62	Q3 2015
30 Sep 2015	put	3.3%	+0.97%	$81,826,000	427,000	+127,100	+42%	$191.63	Q3 2015
30 Jun 2015			-0.17%	$0	0	-19,000	-100%	$681.27	Q2 2015
30 Jun 2015	call	0.32%	+0.32%	$15,438,000	75,000	+75,000	NEW	$205.84	Q2 2015
30 Jun 2015	put	1.3%	-2.5%	$61,734,000	299,900	-589,900	-66%	$205.85	Q2 2015
31 Mar 2015		0.17%	-27%	$3,922,000	19,000	-3,003,514	-99%	$206.42	Q1 2015
31 Mar 2015	call		-0.86%	$0	0	-173,900	-100%	$681.27	Q1 2015
31 Mar 2015	put	4.7%	-1.8%	$183,681,000	889,800	-329,400	-27%	$206.43	Q1 2015
31 Dec 2014		22%	+18%	$621,247,000	3,022,514	+2,507,648	+487%	$205.54	Q4 2014
31 Dec 2014	call	0.86%	-0.15%	$35,743,000	173,900	-31,100	-15%	$205.54	Q4 2014
31 Dec 2014	put	6%	-0.5%	$250,594,000	1,219,200	-100,800	-7.6%	$205.54	Q4 2014
30 Sep 2014		4.2%	+1.1%	$101,438,000	514,866	+133,456	+35%	$197.02	Q3 2014
30 Sep 2014	call	0.62%	-0.08%	$40,389,000	205,000	-27,600	-12%	$197.02	Q3 2014
30 Sep 2014	put	4%	-3.5%	$260,066,000	1,320,000	-1,156,200	-47%	$197.02	Q3 2014
30 Jun 2014		4.4%	+4.4%	$74,649,000	381,410	+381,410	NEW	$195.72	Q2 2014
30 Jun 2014	call	0.77%	-1.6%	$45,524,000	232,600	-493,100	-68%	$195.72	Q2 2014
30 Jun 2014	put	8.2%	+8.2%	$484,641,000	2,476,200	+2,476,200	NEW	$195.72	Q2 2014
31 Mar 2014			-0.99%	$0	0	-64,344	-100%	$681.27	Q1 2014
31 Mar 2014	call	2.1%	+1.6%	$135,713,000	725,700	+538,200	+287%	$187.01	Q1 2014
31 Mar 2014	put		-0.07%	$0	0	-30,000	-100%	$681.27	Q1 2014
31 Dec 2013		0.99%	0%	$11,883,000	64,344	0		$184.68	Q4 2013
31 Dec 2013	call	0.44%	0%	$34,629,000	187,500	0		$184.69	Q4 2013
31 Dec 2013	put	0.07%	0%	$5,540,000	30,000	0		$184.67	Q4 2013

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.