Capstone Capital Management Ltd

HONG KONG, K3 · CIK 2069260 · 13F filing filed 2026-07-20

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyHong Kong

$223.6m reported value +125.2% vs Q1 2026

160positions

26.8%in top 10

136 new 10 added 13 reduced 27 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	THEMES ETF TR LEVERAGE SHS 2X LEVERAGE SHS 2X		292,967	$9.3m4.18%	4.18%	New
2	COREWEAVE INC COM CL A CRWV	CRWV	89,780	$8.9m4.00%	4.00%	Added +71.7k	+71,730 397.4%
3	ORACLE CORP COM ORCL	ORCL	52,266	$7.7m3.43%	3.43%	Added +37.0k	+37,011 242.6%
4	TIDAL TRUST II DEFIANCE DAILY ORCX	ORCX	292,099	$6.8m3.04%	3.04%	New
5	SYNOPSYS INC COM SNPS	SNPS	14,351	$6.4m2.86%	2.86%	Reduced -22.2k	-22,175 -60.7%
6	IREN LIMITED ORDINARY SHARES IREN	IREN	97,493	$4.5m1.99%	1.99%	New
7	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	15,633	$4.3m1.93%	1.93%	New
8	ADVANCED MICRO DEVICES INC COM AMD	AMD	6,988	$4.1m1.82%	1.82%	New
9	KLA CORP COM NEW KLAC	KLAC	13,302	$4.0m1.80%	1.80%	New
10	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	52,199	$4.0m1.78%	1.78%	Added +10.3k	+10,331 24.7%
11	WESTERN DIGITAL CORP COM WDC	WDC	6,069	$3.9m1.73%	1.73%	New
12	BLOOM ENERGY CORP COM CL A BE	BE	12,230	$3.7m1.66%	1.66%	New
13	SERVICENOW INC COM NOW	NOW	32,604	$3.2m1.45%	1.45%	New
14	COHERENT CORP COM COHR	COHR	8,182	$3.2m1.44%	1.44%	Reduced -1.8k	-1,846 -18.4%
15	CIENA CORP COM NEW CIEN	CIEN	6,409	$3.1m1.41%	1.41%	New
16	TRIP COM GROUP LTD ADS TCOM	TCOM	74,235	$3.0m1.32%	1.32%	New
17	NRG ENERGY INC COM NEW NRG	NRG	20,007	$2.9m1.31%	1.31%	Added +6.7k	+6,652 49.8%
18	GRANITESHARES ETF TR 2X LONG NBIS DLY NBIL	NBIL	48,968	$2.8m1.25%	1.25%	New
19	APPLE INC COM AAPL	AAPL	9,652	$2.8m1.25%	1.25%	Added +8.6k	+8,616 831.7%
20	LUMENTUM HLDGS INC COM LITE	LITE	3,241	$2.8m1.24%	1.24%	Reduced -1.1k	-1,050 -24.5%
21	AXT INC COM AXTI	AXTI	36,591	$2.6m1.18%	1.18%	New
22	WOLFSPEED INC COMMON STOCK WOLF	WOLF	52,554	$2.5m1.13%	1.13%	New
23	ALPHABET INC CAP STK CL C GOOG	GOOG	6,935	$2.5m1.10%	1.10%	Reduced -388	-388 -5.3%
24	GRANITESHARES ETF TR 2X LONG INTC DAI INTW	INTW	47,610	$2.4m1.08%	1.08%	New
25	DIREXION SHS ETF TR DLY GOLD INDX 2X NUGT	NUGT	20,573	$2.4m1.08%	1.08%	New
26	CONSTELLATION ENERGY CORP COM CEG	CEG	9,360	$2.3m1.04%	1.04%	New
27	SAP SE SPON ADR SAP	SAP	14,778	$2.3m1.02%	1.02%	New
28	CORNING INC COM GLW	GLW	8,751	$2.2m1.00%	1.00%	New
29	APPLIED MATLS INC COM AMAT	AMAT	3,064	$2.2m0.99%	0.99%	New
30	QUALCOMM INC COM QCOM	QCOM	11,714	$2.2m0.97%	0.97%	New
31	BARCLAYS BANK PLC IPATH S&P 500 SH VXX	VXX	118,778	$2.1m0.95%	0.95%	Added +30.2k	+30,174 34.0%
32	FORMFACTOR INC COM FORM	FORM	13,243	$2.1m0.95%	0.95%	New
33	ACM RESH INC COM CL A ACMR	ACMR	16,643	$2.1m0.94%	0.94%	New
34	AEHR TEST SYS COM AEHR	AEHR	21,867	$2.1m0.94%	0.94%	New
35	ISHARES TR EXPANDED TECH IGV	IGV	22,200	$2.0m0.90%	0.90%	New
36	VISHAY INTERTECHNOLOGY INC COM VSH	VSH	35,901	$1.9m0.86%	0.86%	New
37	TOWER SEMICONDUCTOR LTD SHS NEW TSEM	TSEM	7,137	$1.9m0.83%	0.83%	New
38	MKS INC. COM MKSI	MKSI	4,123	$1.8m0.82%	0.82%	New
39	FUTU HLDGS LTD SPON ADS CL A FUTU	FUTU	19,429	$1.8m0.81%	0.81%	New
40	SITIME CORP COM SITM	SITM	2,292	$1.7m0.76%	0.76%	New
41	INVESTMENT MANAGERS SER TR I TRADR 2X WDC ETF WDCX	WDCX	40,050	$1.7m0.76%	0.76%	New
42	ONTO INNOVATION INC COM ONTO	ONTO	4,432	$1.7m0.75%	0.75%	New
43	HYPERLIQUID STRATEGIES INC COM PURR	PURR	212,366	$1.7m0.75%	0.75%	New
44	LIGHTWAVE LOGIC INC COM LWLG	LWLG	176,162	$1.7m0.75%	0.75%	New
45	MONGODB INC CL A MDB	MDB	4,832	$1.6m0.73%	0.73%	New
46	UNITED MICROELECTRONICS CORP SPON ADR NEW UMC	UMC	57,523	$1.6m0.70%	0.70%	New
47	NOKIA CORP SPONSORED ADR NOK	NOK	115,367	$1.5m0.69%	0.69%	New
48	ON SEMICONDUCTOR CORP COM ON	ON	16,038	$1.5m0.68%	0.68%	New
49	NU HLDGS LTD ORD SHS CL A NU	NU	111,244	$1.5m0.66%	0.66%	New
50	DATADOG INC CL A COM DDOG	DDOG	5,106	$1.3m0.59%	0.59%	New
51	TEMPUS AI INC CL A TEM	TEM	22,203	$1.3m0.58%	0.58%	New
52	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	4,430	$1.2m0.56%	0.56%	New
53	NAVITAS SEMICONDUCTOR CORP COM NVTS	NVTS	69,453	$1.2m0.56%	0.56%	New
54	STMICROELECTRONICS N V NY REGISTRY STM	STM	16,261	$1.2m0.54%	0.54%	New
55	SK TELECOM CO LTD SPONSORED ADR SKM	SKM	35,849	$1.2m0.52%	0.52%	New
56	GLOBAL X FDS GLOBAL X COPPER COPX	COPX	14,423	$1.1m0.50%	0.50%	New
57	POET TECHNOLOGIES INC COM NEW POET	POET	105,694	$1.1m0.49%	0.49%	New
58	GRANITESHARES ETF TR 2X LO NOW DA ETF NOWL	NOWL	245,098	$1.1m0.48%	0.48%	New
59	DIREXION SHARES ETF TRUST DLY MU BULL 2X MUU	MUU	996	$1.0m0.47%	0.47%	New
60	POWER SOLUTIONS INTL INC COM NEW PSIX	PSIX	26,718	$1.0m0.46%	0.46%	New
61	ZOOM COMMUNICATIONS INC CL A ZM	ZM	11,629	$1.0m0.45%	0.45%	New
62	MICRON TECHNOLOGY INC COM MU	MU	867	$1.0m0.45%	0.45%	Reduced -10.7k	-10,662 -92.5%
63	FORTINET INC COM FTNT	FTNT	6,386	$981.0k0.44%	0.44%	New
64	GLOBAL X FDS GLOBAL X URANIUM URA	URA	22,400	$978.9k0.44%	0.44%	New
65	BWX TECHNOLOGIES INC COM BWXT	BWXT	4,918	$957.3k0.43%	0.43%	New
66	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,490	$889.9k0.40%	0.40%	Reduced -1.1k	-1,066 -30.0%
67	APPLOVIN CORP COM CL A APP	APP	1,712	$882.1k0.39%	0.39%	New
68	INTUIT COM INTU	INTU	3,339	$871.5k0.39%	0.39%	New
69	LAM RESEARCH CORP COM NEW LRCX	LRCX	2,007	$869.7k0.39%	0.39%	New
70	CLOUDFLARE INC CL A COM NET	NET	3,493	$856.8k0.38%	0.38%	New
71	ARISTA NETWORKS INC COM SHS ANET	ANET	4,864	$826.3k0.37%	0.37%	New
72	CORTEVA INC COM CTVA	CTVA	9,744	$825.2k0.37%	0.37%	New
73	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	28,067	$823.2k0.37%	0.37%	New
74	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,100	$821.4k0.37%	0.37%	New
75	EBAY INC. COM EBAY	EBAY	7,305	$816.3k0.37%	0.37%	New
76	FASTENAL CO COM FAST	FAST	16,951	$814.2k0.36%	0.36%	New
77	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	1,771	$813.1k0.36%	0.36%	New
78	VALERO ENERGY CORP COM VLO	VLO	3,122	$813.1k0.36%	0.36%	New
79	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	14,109	$813.0k0.36%	0.36%	Added +6.7k	+6,729 91.2%
80	ADOBE INC COM ADBE	ADBE	3,964	$812.7k0.36%	0.36%	Added +2.1k	+2,137 117.0%
81	UNION PAC CORP COM UNP	UNP	2,987	$812.5k0.36%	0.36%	New
82	ELECTRONIC ARTS INC COM EA	EA	3,929	$805.6k0.36%	0.36%	Added +1.8k	+1,758 81.0%
83	COLGATE PALMOLIVE CO COM CL	CL	8,749	$802.1k0.36%	0.36%	Added +3.6k	+3,600 69.9%
84	GILEAD SCIENCES INC COM GILD	GILD	6,345	$801.6k0.36%	0.36%	New
85	EDWARDS LIFESCIENCES CORP COM EW	EW	8,844	$800.0k0.36%	0.36%	New
86	CINTAS CORP COM CTAS	CTAS	4,683	$796.5k0.36%	0.36%	New
87	BOEING CO COM BA	BA	11,449	$794.7k0.36%	0.36%	Reduced -5.9k	-5,887 -34.0%
88	NORTHROP GRUMMAN CORP COM NOC	NOC	1,559	$794.0k0.36%	0.36%	New
89	AIRBNB INC COM CL A ABNB	ABNB	5,507	$788.1k0.35%	0.35%	New
90	ALTRIA GROUP INC COM MO	MO	10,951	$787.9k0.35%	0.35%	New
91	NEWMONT CORP COM NEM	NEM	8,434	$787.7k0.35%	0.35%	New
92	CONOCOPHILLIPS COM COP	COP	7,570	$787.0k0.35%	0.35%	New
93	BAKER HUGHES COMPANY CL A BKR	BKR	14,173	$786.6k0.35%	0.35%	New
94	3M CO COM MMM	MMM	4,857	$786.4k0.35%	0.35%	New
95	ROSS STORES INC COM ROST	ROST	3,694	$786.3k0.35%	0.35%	New
96	NETFLIX INC COM NFLX	NFLX	10,948	$781.7k0.35%	0.35%	New
97	MODINE MFG CO COM MOD	MOD	2,924	$780.8k0.35%	0.35%	New
98	DEVON ENERGY CORP NEW COM DVN	DVN	18,860	$779.3k0.35%	0.35%	New
99	TJX COS INC NEW COM TJX	TJX	5,112	$774.5k0.35%	0.35%	New
100	COSTCO WHSL CORP NEW COM COST	COST	819	$766.1k0.34%	0.34%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
INTEL CORP INTC	INTC	423,704	$18.7m423.7k shares
TESLA INC TSLA	TSLA	14,009	$5.2m14.0k shares
SANDISK CORP SNDK	SNDK	6,261	$4.0m6.3k shares
PALO ALTO NETWORKS INC PANW	PANW	15,583	$2.5m15.6k shares
RAMBUS INC DEL RMBS	RMBS	23,326	$2.0m23.3k shares
SEA LTD SE	SE	19,462	$1.6m19.5k shares
SELECT SECTOR SPDR TR XLP	XLP	19,500	$1.6m19.5k shares
META PLATFORMS INC META	META	2,343	$1.3m2.3k shares
AMER SPORTS INC AS	AS	30,597	$1.0m30.6k shares
DBX ETF TR ASHR	ASHR	30,450	$993.9k30.4k shares
ARROWHEAD PHARMACEUTICALS IN ARWR	ARWR	15,740	$986.9k15.7k shares
NOVO-NORDISK A S NVO	NVO	25,434	$934.7k25.4k shares
ISHARES INC EWY	EWY	7,400	$910.3k7.4k shares
JOHNSON CTLS INTL PLC JCI	JCI	6,400	$838.1k6.4k shares
IONIS PHARMACEUTICALS INC IONS	IONS	21,447	$832.4k21.4k shares
DUTCH BROS INC BROS	BROS	11,594	$587.4k11.6k shares
NIKE INC NKE	NKE	10,650	$562.5k10.7k shares
ISHARES INC EWZ	EWZ	13,000	$499.1k13.0k shares
ISHARES INC EWC	EWC	9,000	$493.1k9.0k shares
AT&T INC T	T	16,600	$481.2k16.6k shares
SUMMIT THERAPEUTICS INC SMMT	SMMT	23,146	$438.8k23.1k shares
CHIPOTLE MEXICAN GRILL INC CMG	CMG	10,810	$346.0k10.8k shares
ISHARES TR ITB	ITB	3,074	$278.4k3.1k shares
PROCTER AND GAMBLE CO PG	PG	1,500	$216.7k1.5k shares
CLEARWAY ENERGY INC CWEN	CWEN	5,200	$204.3k5.2k shares