SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Capstone Capital Management Ltd

CIK 0002069260 · ROOM 4701-02&13, THE CENTER, 99 QUEEN'S ROAD CENTRAL, CENTRAL, HK, HONG KONG, 000000 · 852-39129988

Reported Value
$104M
Q4 2025
Positions
108
Filings on Record
2
2019–present window
Filed
Feb 6, 2026
original filing

Summary

Capstone Capital Management Ltd reported $104M in U.S.-listed holdings across 108 positions for Q4 2025.

Its largest position, AGG, represents 10.3% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+46.8%
share of reported value
Largest Position
+10.3%
Ishares Tr

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’25: $104MQ4 ’25Q1 ’26: $99MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 71.8%ETP: 20.7%ADR: 5.2%REIT: 1.2%Other: 1.1%
  • Common Stock · 71.8% · $75M
  • ETP · 20.7% · $22M
  • ADR · 5.2% · $5M
  • REIT · 1.2% · $1M
  • Other · 1.1% · $1M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
INTCINTEL CORPNEW+219.4K219.4K+$8M$8M
AGGISHARES TRNEW+78.6K78.6K+$8M$8M
SNPSSYNOPSYS INCNEW+16.2K16.2K+$8M$8M
XLPSELECT SECTOR SPDR TRNEW+49.1K49.1K+$4M$4M
NVDANVIDIA CORPORATIONNEW+18.8K18.8K+$4M$4M
BABOEING CONEW+15.8K15.8K+$3M$3M
EFAISHARES TRNEW+29.7K29.7K+$3M$3M
PDDPDD HOLDINGS INCNEW+22.5K22.5K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

104 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AGGISHARES TRCORE US AGGBD ET · MSCI EAFE ETF10.27%$11M108.3K
2INTCINTEL CORPhistory →COM7.77%$8M219.4K
3XLPSELECT SECTOR SPDR TRSTATE STREET CON · STATE STREET ENE · STATE STREET HEA7.45%$8M106.0K
4SNPSSYNOPSYS INChistory →COM7.32%$8M16.2K
5NVDANVIDIA CORPORATIONhistory →COM3.37%$4M18.8K
6BABOEING COhistory →COM3.29%$3M15.8K
7PDDPDD HOLDINGS INChistory →SPONSORED ADS2.45%$3M22.5K
8BARCLAYS BANK PLCIPATH S&P 500 SH1.72%$2M67.7K
9PROSHARES TRULTRAPRO SHT QQQ · ULTRAPRO SHORT S1.60%$2M27.1K
10ORCLORACLE CORPhistory →COM1.53%$2M8.1K
11ANETARISTA NETWORKS INChistory →COM SHS1.25%$1M9.9K
12TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.14%$1M3.9K
13BEBLOOM ENERGY CORPhistory →COM CL A1.11%$1M13.3K
14MCDMCDONALDS CORPhistory →COM1.09%$1M3.7K
15TPLTEXAS PACIFIC LAND CORPORATICOM1.00%$1M3.6K
16PTCPTC INCCOM0.96%$1M5.8K
17SBACSBA COMMUNICATIONS CORP NEWCL A0.96%$1M5.2K
18NVRNVR INCCOM0.96%$999,109137
19DLTRDOLLAR TREE INCCOM0.96%$995,5208.1K
20VRSNVERISIGN INCCOM0.95%$991,9654.1K
21AFRMAFFIRM HLDGS INCCOM CL A0.95%$985,52813.2K
22ILMNILLUMINA INCCOM0.94%$981,6017.5K
23VLOVALERO ENERGY CORPCOM0.94%$979,5076.0K
24PODDINSULET CORPCOM0.94%$979,4913.4K
25IOTSAMSARA INCCOM CL A0.94%$979,23527.6K
26TOSTTOAST INCCL A0.94%$979,15327.6K
27CGCARLYLE GROUP INCCOM0.94%$978,50716.6K
28UTHRUNITED THERAPEUTICS CORP DELCOM0.94%$978,3982.0K
29LDOSLEIDOS HOLDINGS INCCOM0.94%$977,5885.4K
30RIVNRIVIAN AUTOMOTIVE INCCOM CL A0.93%$966,14549.0K
31WSMWILLIAMS SONOMA INCCOM0.92%$960,4575.4K
32AEPAMERICAN ELEC PWR CO INCCOM0.91%$945,5428.2K
33ALNYALNYLAM PHARMACEUTICALS INCCOM0.88%$914,9932.3K
34PANWPALO ALTO NETWORKS INCCOM0.80%$827,7954.5K
35EAELECTRONIC ARTS INCCOM0.79%$819,1594.0K
36TWLOTWILIO INCCL A0.77%$801,5225.6K
37ORLYOREILLY AUTOMOTIVE INCCOM0.77%$797,4498.7K
38LVSLAS VEGAS SANDS CORPCOM0.77%$796,76712.2K
39MMM3M COCOM0.76%$794,2565.0K
40AAPLAPPLE INCCOM0.76%$794,1032.9K
41MRKMERCK & CO INCCOM0.76%$793,1347.5K
42OWLBLUE OWL CAPITAL INCCOM CL A0.76%$793,10553.1K
43GILDGILEAD SCIENCES INCCOM0.76%$792,7786.5K
44ITWILLINOIS TOOL WKS INCCOM0.76%$789,6383.2K
45COSTCOSTCO WHSL CORP NEWCOM0.73%$763,171885
46CRMSALESFORCE INCCOM0.71%$743,8672.8K
47MOALTRIA GROUP INCCOM0.68%$712,10112.3K
48CLCOLGATE PALMOLIVE COCOM0.67%$700,1178.9K
49ABNBAIRBNB INCCOM CL A0.66%$685,7935.1K
50MNSTMONSTER BEVERAGE CORP NEWCOM0.64%$669,7128.7K
51RTXRTX CORPORATIONCOM0.62%$643,1843.5K
52GBTCGRAYSCALE BITCOIN TRUST ETFSHS REP COM UT0.58%$608,8838.9K
53NRGNRG ENERGY INCCOM NEW0.58%$599,3793.8K
54LOWLOWES COS INCCOM0.58%$599,2832.5K
55RGLDROYAL GOLD INCCOM0.56%$584,6232.6K
56BSXBOSTON SCIENTIFIC CORPCOM0.56%$580,9686.1K
57METAMETA PLATFORMS INCCL A0.52%$545,234826
58AESAES CORPCOM0.52%$540,61837.7K
59AMDADVANCED MICRO DEVICES INCCOM0.52%$537,9702.5K
60BMNRBITMINE IMMERSION TECNOLOGIECOM NEW0.51%$532,71019.6K
61TTDTHE TRADE DESK INCCOM CL A0.50%$525,25313.8K
62SMMTSUMMIT THERAPEUTICS INCCOM0.47%$493,04328.2K
63NICENICE LTDSPONSORED ADR0.47%$488,3334.3K
64EBAYEBAY INC.COM0.42%$435,7615.0K
65LEGNLEGEND BIOTECH CORPSPONSORED ADS0.41%$425,27819.6K
66JCIJOHNSON CTLS INTL PLCSHS0.40%$416,1313.5K
67DEODIAGEO PLCSPON ADR NEW0.39%$409,2654.7K
68AMZNAMAZON COM INCCOM0.38%$399,0881.7K
69YUMYUM BRANDS INCCOM0.38%$398,1692.6K
70ROSTROSS STORES INCCOM0.38%$397,3892.2K
71LRCXLAM RESEARCH CORPCOM NEW0.37%$389,0922.3K
72CRWVCOREWEAVE INCCOM CL A0.33%$344,3014.8K
73UNHUNITEDHEALTH GROUP INCCOM0.32%$330,1101.0K
74HWMHOWMET AEROSPACE INCCOM0.32%$328,8521.6K
75ADBEADOBE INCCOM0.30%$314,991900
76NVTSNAVITAS SEMICONDUCTOR CORPCOM0.30%$311,79043.7K
77NOWSERVICENOW INCCOM0.29%$301,0182.0K
78ZEPPZEPP HEALTH CORPORATIONSPONSORED ADR0.29%$298,25311.1K
79ASTHASTRANA HEALTH INCCOM NEW0.28%$289,55811.7K
80QCOMQUALCOMM INCCOM0.28%$287,7061.7K
81TSLATESLA INCCOM0.27%$284,673633
82NUTXNUTEX HEALTH INCCOM0.27%$282,3231.7K
83RBLXROBLOX CORPCL A0.26%$270,5593.3K
84WMBWILLIAMS COS INCCOM0.26%$270,4954.5K
85ULCCFRONTIER GROUP HLDGS INCCOM0.26%$268,72957.1K
86NKENIKE INCCL B0.26%$267,7094.2K
87VRTVERTIV HOLDINGS COCOM CL A0.25%$260,0261.6K
88FSLRFIRST SOLAR INCCOM0.25%$256,789983
89GLWCORNING INCCOM0.24%$254,7122.9K
90DIREXION SHS ETF TRDAILY SEMICONDUC0.24%$251,71580.4K
91PSAPUBLIC STORAGE OPER COCOM0.24%$250,937967
92CSTLCASTLE BIOSCIENCES INCCOM0.24%$250,7496.4K
93FLNCFLUENCE ENERGY INCCOM CL A0.24%$247,25012.5K
94GOOGALPHABET INCCAP STK CL C0.24%$246,961787
95URIUNITED RENTALS INCCOM0.24%$246,843305
96UUNITY SOFTWARE INCCOM0.23%$242,0075.5K
97AVGOBROADCOM INCCOM0.22%$229,118662
98XPELXPEL INCCOM0.22%$227,5904.6K
99VRTXVERTEX PHARMACEUTICALS INCCOM0.21%$219,426484
100QBTSD-WAVE QUANTUM INCCOM0.20%$203,9707.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$99M51Apr 30, 202613F-HRchanges · EDGAR ↗
Q4 2025$104M108Feb 6, 202613F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.