Capstone Capital Management Ltd
Long book
$99.3M
Q1 2026
Positions
51
Top-10 weight
62%
concentration
Last quarter
+53.4%
SPY +14.8%
Turnover
83%
of book per quarter
Strategy in plain words
auto-generated from filingsCapstone Capital Management Ltd is a diversified fundamental manager, specialised in technology (64% of the long book), running a $99.3M US long book across 51 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: INTEL CORP, SYNOPSYS INC, TESLA INC, PDD HOLDINGS INC, SANDISK CORP.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-1.1%
Q1 2026
+53.4%
Sector allocation
Technology 72%
Industrials 10%
Healthcare 8%
Other 6%
Utilities 3%
Consumer discretionary 1%
Communications 1%
Consumer staples 0%
Long book by quarter
What does Capstone Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| INTC INTEL CORP | Technology | 423.7K | $18.7M | 18.8% | +93.2% |
| SNPS SYNOPSYS INC | Technology | 36.5K | $14.5M | 14.6% | +125.2% |
| TSLA TESLA INC | Industrials | 14.0K | $5.2M | 5.2% | +2113.1% |
| SNDK SANDISK CORP | Technology | 6.3K | $4.0M | 4.0% | New |
| MU MICRON TECHNOLOGY INC | Technology | 11.5K | $3.9M | 3.9% | New |
| LITE LUMENTUM HOLDINGS INC | Technology | 4.3K | $3.0M | 3.0% | New |
| PANW PALO ALTO NETWORKS INC | Technology | 15.6K | $2.5M | 2.5% | +246.8% |
| COHR COHERENT CORP | Other | 10.0K | $2.4M | 2.4% | New |
| ORCL ORACLE CORP | Technology | 15.3K | $2.2M | 2.3% | +87.2% |
| GOOG ALPHABET INC-CL C | Technology | 7.3K | $2.1M | 2.1% | +830.5% |
| BA BOEING CO/THE | Industrials | 17.3K | $2.0M | 2.0% | +10.0% |
| RMBS RAMBUS INC | Technology | 23.3K | $2.0M | 2.0% | New |
| NRG NRG ENERGY INC | Utilities | 13.4K | $2.0M | 2.0% | +254.8% |
| AMKR AMKOR TECHNOLOGY INC | Technology | 35.8K | $1.6M | 1.6% | New |
| CRWV COREWEAVE INC-CL A | Technology | 18.1K | $1.4M | 1.4% | +275.4% |
| META META PLATFORMS INC-CLASS A | Technology | 2.3K | $1.3M | 1.4% | +183.7% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 41.2K | $1.2M | 1.2% | +576.3% |
| WVE WAVE LIFE SCIENCES LTD | Healthcare | 144.0K | $1.0M | 1.1% | New |
| GOOGL ALPHABET INC-CL A | Technology | 3.6K | $1.0M | 1.0% | New |
| AS AMER SPORTS INC | Other | 30.6K | $1.0M | 1.0% | New |
| ARWR ARROWHEAD PHARMACEUTICALS IN | Healthcare | 15.7K | $987K | 1.0% | New |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 6.4K | $838K | 0.8% | +84.2% |
| PFE PFIZER INC | Healthcare | 29.7K | $833K | 0.8% | New |
| IONS IONIS PHARMACEUTICALS INC | Healthcare | 21.4K | $832K | 0.8% | New |
| BROS DUTCH BROS INC-CLASS A | Consumer discretionary | 11.6K | $587K | 0.6% | New |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 1.8K | $585K | 0.6% | -23.2% |
| NKE NIKE INC -CL B | Other | 10.7K | $563K | 0.6% | +153.5% |
| T AT&T INC | Communications | 16.6K | $481K | 0.5% | New |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 7.4K | $448K | 0.5% | New |
| ADBE ADOBE INC | Technology | 1.8K | $444K | 0.4% | +103.0% |
| EA ELECTRONIC ARTS INC | Technology | 2.2K | $443K | 0.4% | -45.8% |
| CL COLGATE-PALMOLIVE CO | Other | 5.1K | $439K | 0.4% | -41.9% |
| SMMT SUMMIT THERAPEUTICS INC | Healthcare | 23.1K | $439K | 0.4% | -17.9% |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 10.8K | $346K | 0.3% | New |
| AAPL APPLE INC | Technology | 1.0K | $263K | 0.3% | -64.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.5K | $217K | 0.2% | New |
| CWEN CLEARWAY ENERGY INC-C | Utilities | 5.2K | $204K | 0.2% | New |
| CAG CONAGRA BRANDS INC | Consumer staples | 11.0K | $173K | 0.2% | New |
| AES AES CORP | Utilities | 12.0K | $169K | 0.2% | -68.2% |