Capstone Capital Management Ltd

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 20, 2026), Capstone Capital Management Ltd reported 160 stock positions worth $223.6 million. Its top holding was Themes ETF TR at 4.2% of the portfolio, followed by Coreweave Class A (CRWV, 4.0%) and Oracle (ORCL, 3.4%). Compared with Q1 2026, it opened 136 new positions, sold out of 27, added to 10 and reduced 13. The biggest buy was a new position in Themes ETF TR and the biggest sale an exit from Intel (INTC).

Most Recent 13F
Q2 2026
Location
HONG KONG, K3
CIK
0002069260
Portfolio Value
$223.6M (Q2 2026)
SEC Filing
0002069260-26-000004 ↗ filed Jul 20, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q4 2025: $104.1M Q4 2025 Q1 2026: $99.3M Q1 2026 Q2 2026: $223.6M $223.6M Q2 2026

Holdings 160 stocks · $223.6M
THEMES ETF TR 4.18% 292,967 $9.3M New
CRWV Coreweave Inc. Class A 4.00% 89,780 $8.9M Add +397.4%
ORCL Oracle Corp. 3.43% 52,266 $7.7M Add +242.6%
ORCX Defince D TRGT 2X L Orcl ETF 3.04% 292,099 $6.8M New
SNPS Synopsys Inc. 2.86% 14,351 $6.4M Reduce -60.7%
IREN Iren Ltd. filed as IREN LIMITED 1.99% 97,493 $4.5M New
NBIS Nebius Group NV 1.93% 15,633 $4.3M New
AMD Advanced Micro Devices 1.82% 6,988 $4.1M New
KLAC KLA Corp. 1.80% 13,302 $4.0M New
PDD PDD Holdings Inc. 1.78% 52,199 $4.0M Add +24.7%
WDC Western Digital Corp. 1.73% 6,069 $3.9M New
BE Bloom Energy Corp. Class A 1.66% 12,230 $3.7M New
NOW ServiceNow Inc. 1.45% 32,604 $3.2M New
COHR Coherent Corp. 1.44% 8,182 $3.2M Reduce -18.4%
CIEN Ciena Corp. 1.41% 6,409 $3.1M New
TCOM Trip.com Group Ltd.-ADR 1.32% 74,235 $3.0M New
NRG NRG Energy Inc. 1.31% 20,007 $2.9M Add +49.8%
NBIL Granite 2X Long Nbil ETF 1.25% 48,968 $2.8M New
AAPL Apple Inc. 1.25% 9,652 $2.8M Add +831.7%
LITE Lumentum Holdings Inc. 1.24% 3,241 $2.8M Reduce -24.5%
AXTI Axt Inc. 1.18% 36,591 $2.6M New
WOLF Wolfspeed Inc. 1.13% 52,554 $2.5M New
GOOG Alphabet Inc. Class C 1.10% 6,935 $2.5M Reduce -5.3%
INTW Granite 2X Long Intc ETF 1.08% 47,610 $2.4M New
NUGT Dirxn DLY GM Indx B2X ETF-Ui 1.08% 20,573 $2.4M New
CEG Constellation Energy 1.04% 9,360 $2.3M New
SAP Sap SE-Sponsored ADR 1.02% 14,778 $2.3M New
GLW Corning Inc. 1.00% 8,751 $2.2M New
AMAT Applied Materials Inc. 0.99% 3,064 $2.2M New
QCOM Qualcomm Inc. 0.97% 11,714 $2.2M New
VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC 0.95% 118,778 $2.1M Add +34.0%
FORM Formfactor Inc. 0.95% 13,243 $2.1M New
ACMR Acm Research Inc. Class A 0.94% 16,643 $2.1M New
AEHR Aehr Test Systems 0.94% 21,867 $2.1M New
IGV iShares Expanded Tech-Softwa 0.90% 22,200 $2.0M New
VSH Vishay Intertechnology Inc. 0.86% 35,901 $1.9M New
TSEM Tower Semiconductor Ltd. 0.83% 7,137 $1.9M New
MKSI MKS Inc. 0.82% 4,123 $1.8M New
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.81% 19,429 $1.8M New
SITM Sitime Corp. 0.76% 2,292 $1.7M New
WDCX Tradr 2X Long WDC Daily ETF 0.76% 40,050 $1.7M New
ONTO Onto Innovation Inc. 0.75% 4,432 $1.7M New
PURR Hyperliquid Strategies 0.75% 212,366 $1.7M New
LWLG Lightwave Logic Inc. 0.75% 176,162 $1.7M New
MDB Mongodb Inc. 0.73% 4,832 $1.6M New
UMC United Microelectron-SP ADR 0.70% 57,523 $1.6M New
NOK Nokia Corp.-Spon ADR 0.69% 115,367 $1.5M New
ON On Semiconductor 0.68% 16,038 $1.5M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.66% 111,244 $1.5M New
DDOG Datadog Inc. Class A 0.59% 5,106 $1.3M New
TEM Tempus AI Inc. Class A 0.58% 22,203 $1.3M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.56% 4,430 $1.2M New
NVTS Navitas Semiconductor Corp. 0.56% 69,453 $1.2M New
STM Stmicroelectronics NV-NY SHS 0.54% 16,261 $1.2M New
SKM SK Telecom Co. Ltd.-Spon ADR 0.52% 35,849 $1.2M New
COPX Global X Copper Miners ETF 0.50% 14,423 $1.1M New
POET Poet Technologies Inc. 0.49% 105,694 $1.1M New
NOWL Granite 2X Long Now ETF 0.48% 245,098 $1.1M New
MUU Direxion Daily Mu Bull 2X Et 0.47% 996 $1.0M New
PSIX Power Solutions Internationa 0.46% 26,718 $1.0M New
ZM Zoom Communications Inc. 0.45% 11,629 $1.0M New
MU Micron Technology Inc. 0.45% 867 $1.0M Reduce -92.5%
FTNT Fortinet Inc. 0.44% 6,386 $981K New
URA Global X Uranium ETF 0.44% 22,400 $979K New
BWXT BWX Technologies Inc. 0.43% 4,918 $957K New
GOOGL Alphabet Inc. Class A 0.40% 2,490 $890K Reduce -30.0%
APP AppLovin Corp. Class A 0.39% 1,712 $882K New
INTU Intuit Inc. 0.39% 3,339 $871K New
LRCX Lam Research Corp. 0.39% 2,007 $870K New
NET Cloudflare Inc. Class A 0.38% 3,493 $857K New
ANET Arista Networks Inc. 0.37% 4,864 $826K New
CTVA Corteva Inc. 0.37% 9,744 $825K New
SMCI Super Micro Computer Inc. 0.37% 28,067 $823K New
SPY SS SPDR S&P 500 ETF Trust-US 0.37% 1,100 $821K New
EBAY eBay Inc. 0.37% 7,305 $816K New
FAST Fastenal Co. 0.36% 16,951 $814K New
SPOT Spotify Technology SA 0.36% 1,771 $813K New
VLO Valero Energy Corp. 0.36% 3,122 $813K New
BMY Bristol-Myers Squibb Co. 0.36% 14,109 $813K Add +91.2%
ADBE Adobe Inc. 0.36% 3,964 $813K Add +117.0%
UNP Union Pacific Corp. 0.36% 2,987 $812K New
EA Electronic Arts Inc. 0.36% 3,929 $806K Add +81.0%
CL Colgate-Palmolive Co. 0.36% 8,749 $802K Add +69.9%
GILD Gilead Sciences Inc. 0.36% 6,345 $802K New
EW Edwards Lifesciences Corp. 0.36% 8,844 $800K New
CTAS Cintas Corp. 0.36% 4,683 $796K New
BA The Boeing Co. 0.36% 11,449 $795K Reduce -34.0%
NOC Northrop Grumman Corp. 0.36% 1,559 $794K New
ABNB Airbnb Inc. Class A 0.35% 5,507 $788K New
MO Altria Group Inc. 0.35% 10,951 $788K New
NEM Newmont Corp. 0.35% 8,434 $788K New
COP Conocophillips 0.35% 7,570 $787K New
BKR Baker Hughes Co. 0.35% 14,173 $787K New
MMM 3M Co. 0.35% 4,857 $786K New
ROST Ross Stores Inc. 0.35% 3,694 $786K New
NFLX Netflix Inc. 0.35% 10,948 $782K New
MOD Modine Manufacturing Co. 0.35% 2,924 $781K New
DVN Devon Energy Corp. 0.35% 18,860 $779K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.35% 5,112 $774K New
COST Costco Wholesale Corp. 0.34% 819 $766K New

Show all 160 holdings

Portfolio Sells Q1 2026 → Q2 2026
INTC Intel Corp. Sold out 0.00% −18.84
SNPS Synopsys Inc. Reduce -60.7% 2.86% −11.72
TSLA Tesla Inc. Sold out 0.00% −5.25
SNDK Sandisk Corp. Sold out 0.00% −4.01
MU Micron Technology Inc. Reduce -92.5% 0.45% −3.48
PANW Palo Alto Networks Inc. Sold out 0.00% −2.52
RMBS Rambus Inc. Sold out 0.00% −2.02
LITE Lumentum Holdings Inc. Reduce -24.5% 1.24% −1.79
BA The Boeing Co. Reduce -34.0% 0.36% −1.69
SE Sea Ltd.-ADR Sold out 0.00% −1.62
XLP SS Consumer Staples Sel Sect Sold out 0.00% −1.61
LABD Dire DLY SP BT Be 3X ETF-Usd Reduce -49.9% 0.17% −1.47
AMKR Amkor Technology Inc. Reduce -84.0% 0.22% −1.40
META Meta Platforms Inc. Class A Sold out 0.00% −1.35
GOOG Alphabet Inc. Class C Reduce -5.3% 1.10% −1.02
AS Amer Sports Inc. Sold out 0.00% −1.01
ASHR Xtrackers Harvest Csi 300 CH Sold out 0.00% −1.00
ARWR Arrowhead Pharmaceuticals Inc. Sold out 0.00% −0.99
COHR Coherent Corp. Reduce -18.4% 1.44% −0.96
BSX Boston Scientific Corp. Reduce -65.4% 0.27% −0.96
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.94
EWY iShares MSCI South Korea ETF Sold out 0.00% −0.92
WVE Wave Life Sciences Ltd. Reduce -63.1% 0.14% −0.91
JCI Johnson Controls Internation Sold out 0.00% −0.84
IONS Ionis Pharmaceuticals Inc. Sold out 0.00% −0.84
PFE Pfizer Inc. Reduce -50.0% 0.16% −0.68
GOOGL Alphabet Inc. Class A Reduce -30.0% 0.40% −0.63
BROS Dutch Bros Inc. Class A Sold out 0.00% −0.59
NKE Nike Inc. Class B Sold out 0.00% −0.57
EWZ iShares MSCI Brazil ETF Sold out 0.00% −0.50
EWC iShares MSCI Canada ETF Sold out 0.00% −0.50
T AT&T Inc. Sold out 0.00% −0.48
ALNY Alnylam Pharmaceuticals Inc. Reduce -40.2% 0.14% −0.45
SMMT Summit Therapeutics Inc. Sold out 0.00% −0.44
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.35
ITB iShares U.S. Home Constructi Sold out 0.00% −0.28
PG The Procter & Gamble Co. Sold out 0.00% −0.22
CWEN Clearway Energy Inc. Class C Sold out 0.00% −0.21
CAG Conagra Brands Inc. Sold out 0.00% −0.17
AES AES Corp. Sold out 0.00% −0.17

Portfolio Buys Q1 2026 → Q2 2026
THEMES ETF TR New 4.18% +4.18
ORCX Defince D TRGT 2X L Orcl ETF New 3.04% +3.04
CRWV Coreweave Inc. Class A Add +397.4% 4.00% +2.59
IREN Iren Ltd. New 1.99% +1.99
NBIS Nebius Group NV New 1.93% +1.93
AMD Advanced Micro Devices New 1.82% +1.82
KLAC KLA Corp. New 1.80% +1.80
WDC Western Digital Corp. New 1.73% +1.73
BE Bloom Energy Corp. Class A New 1.66% +1.66
NOW ServiceNow Inc. New 1.45% +1.45
CIEN Ciena Corp. New 1.41% +1.41
TCOM Trip.com Group Ltd.-ADR New 1.32% +1.32
NBIL Granite 2X Long Nbil ETF New 1.25% +1.25
AXTI Axt Inc. New 1.18% +1.18
ORCL Oracle Corp. Add +242.6% 3.43% +1.17
WOLF Wolfspeed Inc. New 1.13% +1.13
INTW Granite 2X Long Intc ETF New 1.08% +1.08
NUGT Dirxn DLY GM Indx B2X ETF-Ui New 1.08% +1.08
CEG Constellation Energy New 1.04% +1.04
SAP Sap SE-Sponsored ADR New 1.02% +1.02
GLW Corning Inc. New 1.00% +1.00
AMAT Applied Materials Inc. New 0.99% +0.99
AAPL Apple Inc. Add +831.7% 1.25% +0.98
QCOM Qualcomm Inc. New 0.97% +0.97
FORM Formfactor Inc. New 0.95% +0.95
ACMR Acm Research Inc. Class A New 0.94% +0.94
AEHR Aehr Test Systems New 0.94% +0.94
IGV iShares Expanded Tech-Softwa New 0.90% +0.90
VSH Vishay Intertechnology Inc. New 0.86% +0.86
TSEM Tower Semiconductor Ltd. New 0.83% +0.83
MKSI MKS Inc. New 0.82% +0.82
FUTU Futu Holdings Ltd.-ADR New 0.81% +0.81
SITM Sitime Corp. New 0.76% +0.76
WDCX Tradr 2X Long WDC Daily ETF New 0.76% +0.76
ONTO Onto Innovation Inc. New 0.75% +0.75
PURR Hyperliquid Strategies New 0.75% +0.75
LWLG Lightwave Logic Inc. New 0.75% +0.75
MDB Mongodb Inc. New 0.73% +0.73
UMC United Microelectron-SP ADR New 0.70% +0.70
NOK Nokia Corp.-Spon ADR New 0.69% +0.69
ON On Semiconductor New 0.68% +0.68
NU Nu Holdings Ltd./Cayman Isl-A New 0.66% +0.66
DDOG Datadog Inc. Class A New 0.59% +0.59
TEM Tempus AI Inc. Class A New 0.58% +0.58
IBM Intl Business Machines Corp. New 0.56% +0.56
NVTS Navitas Semiconductor Corp. New 0.56% +0.56
STM Stmicroelectronics NV-NY SHS New 0.54% +0.54
SKM SK Telecom Co. Ltd.-Spon ADR New 0.52% +0.52
COPX Global X Copper Miners ETF New 0.50% +0.50
POET Poet Technologies Inc. New 0.49% +0.49

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 160$223.6MTHEMES ETF TR, CRWV, ORCL, ORCX, SNPS
Q1 2026 51$99.3MINTC, SNPS, TSLA, PDD, SNDK
Q4 2025 108$104.1MINTC, AGG, SNPS, XLP, NVDA