Capstone Investment Advisors, Llc Buys iShares China Large-Cap, Raytheon Co, iShares MSCI Emerging Index Fund, Sells SPDR S&P 500, VanEck Vectors Gold Miners, Apple Inc

• New Purchases: BWA, FSCT, COP, EFA, PNC, ANTM, TCO, EMR, LM, WYNN, TDG, HES, TSN, PAYC, ALL, AJRD, IOTS, MLM, SWK, URI, BBY, ZION, KLAC, EL, FG, FTSV, SFTW, GCAP, GWW, HCA, XLE, QRVO, RCL, AXP, BAX, XRAY, GPC, GILT, INTU, LEN, STX, RL, OKE, MGM, SYF, KMX, CAT, CPRT, SNAP, PPL, DISCA, WLL, TLRA, NCLH, APTV, CLVS, HAS, CBOE, OMC, BUD,
• Added Positions: FXI, RTN, EEM, XOM, EE, COF, CVX, YUM, NSC, SLB, VLO, LOGM, TFC, SPG, MPC, PSX, SQ, SHW, WFC, AFL, AIG, PXD, BABA, HPE, DHI, HIG, PRU, SO, GM, QQQ, XLF, ADM, ETFC, IBKC, JCI, LOW, MET, RF, TECD, WDC, WHR, S, V, LYB, ALGN, AIZ, CSX, STZ, EOG, FITB, KEY, PHM, VTR, XRX, DFS, FANG, AAP, ALK, BK, VIAC, CF, CBB, EMN, HAL, HOG, HSY, IP, NRG, NBL, PPG, PVH, SRE, TRV, STT, SYK, SYY, WY, XLNX, EBAY, TRIP, ZTS, IQV, BKR, ADS, APA, CCL, XEC, CMA, DVN, DD, DISH, FFIV, HP, HFC, IFF, KSS, LEG, TAP, NOV, JWN, O, WRK, TXT, UAL, IPGP, FTI, CPRI, COTY, KEYS, UA, FOXA, OIH,
• Reduced Positions: AAPL, AMZN, MSFT, BRK.B, COST, WMT, CY, UNH, OXY, TIF, NFLX, GOOG, WMGI, FIT, ACIA, GS, EXPE, MCD, AMTD, CTSH, C, GLW, CME, WBC, CXO, ACN, MRO, NLSN, ISRG, AGN, HPQ, PSA, TPR, AMAT, CHRW, UNP, WMB, BMRN, ACOR, BSX, CETV, ULTA, LLEX, BDX, MOS, FB, CFG, IVZ, FTV, DOW, LB, DXC, DRI, EW, M, GPS, GNW, HRB, HST, IPG, UAA, LNC, MHK, MS, NKTR, NTAP, NWL, NUE, ROST, USB,
• Sold Out: SPY, GDX, BBL, ZAYO, BAC, PEP, GOOGL, KO, BA, JNJ, DIS, JPM, PG, INTC, MRK, WCG, TGE, SJNK, MMM, MO, ARQL, CSCO, ORCL, INST, ADSW, FDX, GE, HD, IBM, PFE, AMGN, REGN, UPS, VZ, WBA, CHTR, CZR, TSG, PYPL, HYS, T, CL, FISV, GILD, KEM, SPGI, MDT, NOC, LIN, BKNG, CRM, AYR, AVGO, ABBV, IBTX, AAL, CBPX, BOLD, RARX, CTVA, PFF, ABT, AMD, ALB, ALXN, AXE, AZO, ADP, CVS, COG, CTL, CI, CMCSA, DLTR, D, EXC, NEE, F, LHX, WELL, HON, ILMN, MDLZ, LPT, LMT, QCOM, SBUX, TJX, TXN, MA, ACHN, IPHS, PM, PACB, INXN, NOW, CARO, PEGI, TWTR, HLT, CRCM, ANET, DPLO, KHC, CISN, EWZ, GCVRZ, GLD, IWC, CB, ABMD, ATVI, AMT, ABC, ADI, AVB, BLL, BIIB, BLK, BMY, CDNS, CAH, CNC, FIS, SCHW, CHD, CLX, COO, CCI, CMI, DE, DUK, EIX, EA, LLY, EQT, EQR, ESS, FLS, FLR, FL, BEN, GD, GT, HBAN, IDXX, ITW, ICE, IRM, JBHT, SJM, JNPR, KMB, KIM, KR, LVS, LYV, MAC, MAR, MAT, MXIM, MKC, MCK, MDCO, MCO, MSI, MYL, NVDA, NI, PCG, PRGO, PNW, PFG, PGR, QGEN, REG, SEE, LUV, TSCO, UDR, UHS, WLH, CMG, HBI, WU, OVV, TMUS, FOLD, BX, XYL, VIPS, LNTH, VKTX, EVBG, WAAS, BHF, ETRN, FOX, XOP,

For the details of CAPSTONE INVESTMENT ADVISORS, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/capstone+investment+advisors%2C+llc/current-portfolio/portfolio

1. PowerShares QQQ Trust Ser 1 (QQQ) - 2,945,600 shares, 9.48% of the total portfolio.
2. iShares MSCI EAFE (EFA) - 3,930,200 shares, 3.55% of the total portfolio.
3. Amazon.com Inc (AMZN) - 79,000 shares, 2.60% of the total portfolio.
4. Apple Inc (AAPL) - 587,500 shares, 2.53% of the total portfolio.
5. SPDR S&P 500 (SPY) - 472,300 shares, 2.06% of the total portfolio.

Capstone Investment Advisors, Llc initiated holding in BorgWarner Inc. The purchase prices were between $19.73 and $43.95, with an estimated average price of $33.16. The stock is now traded at around $27.62. The impact to a portfolio due to this purchase was 0.17%. The holding were 411,123 shares as of .

Capstone Investment Advisors, Llc initiated holding in ForeScout Technologies Inc. The purchase prices were between $23.29 and $33.75, with an estimated average price of $31.37. The stock is now traded at around $29.54. The impact to a portfolio due to this purchase was 0.16%. The holding were 300,058 shares as of .

Capstone Investment Advisors, Llc initiated holding in ConocoPhillips. The purchase prices were between $22.67 and $66.48, with an estimated average price of $51.43. The stock is now traded at around $40.95. The impact to a portfolio due to this purchase was 0.09%. The holding were 169,900 shares as of .

Capstone Investment Advisors, Llc initiated holding in iShares MSCI EAFE. The purchase prices were between $46.5 and $70.38, with an estimated average price of $63.47. The stock is now traded at around $55.05. The impact to a portfolio due to this purchase was 0.08%. The holding were 87,153 shares as of .

Capstone Investment Advisors, Llc initiated holding in PNC Financial Services Group Inc. The purchase prices were between $80.64 and $160.81, with an estimated average price of $135.33. The stock is now traded at around $97.75. The impact to a portfolio due to this purchase was 0.08%. The holding were 51,806 shares as of .

Capstone Investment Advisors, Llc initiated holding in Anthem Inc. The purchase prices were between $174.68 and $307.74, with an estimated average price of $273.87. The stock is now traded at around $273.80. The impact to a portfolio due to this purchase was 0.08%. The holding were 20,054 shares as of .

Capstone Investment Advisors, Llc added to a holding in iShares China Large-Cap by 1059.75%. The purchase prices were between $33.91 and $45.28, with an estimated average price of $40.7. The stock is now traded at around $37.99. The impact to a portfolio due to this purchase was 0.36%. The holding were 618,740 shares as of .

Capstone Investment Advisors, Llc added to a holding in Raytheon Co by 11129.21%. The purchase prices were between $112.61 and $232.31, with an estimated average price of $199.29. The stock is now traded at around $116.96. The impact to a portfolio due to this purchase was 0.22%. The holding were 99,940 shares as of .

Capstone Investment Advisors, Llc added to a holding in iShares MSCI Emerging Index Fund by 444.04%. The purchase prices were between $30.61 and $46.3, with an estimated average price of $41.03. The stock is now traded at around $36.04. The impact to a portfolio due to this purchase was 0.18%. The holding were 383,896 shares as of .

Capstone Investment Advisors, Llc added to a holding in Exxon Mobil Corp by 79.29%. The purchase prices were between $31.45 and $70.9, with an estimated average price of $55.73. The stock is now traded at around $42.23. The impact to a portfolio due to this purchase was 0.16%. The holding were 566,925 shares as of .

Capstone Investment Advisors, Llc added to a holding in El Paso Electric Co by 130.51%. The purchase prices were between $63.48 and $68.34, with an estimated average price of $67.75. The stock is now traded at around $68.10. The impact to a portfolio due to this purchase was 0.13%. The holding were 197,112 shares as of .

Capstone Investment Advisors, Llc added to a holding in Yum Brands Inc by 328.90%. The purchase prices were between $56.52 and $106.78, with an estimated average price of $93.78. The stock is now traded at around $83.75. The impact to a portfolio due to this purchase was 0.1%. The holding were 113,526 shares as of .

Capstone Investment Advisors, Llc sold out a holding in SPDR S&P 500. The sale prices were between $222.95 and $338.34, with an estimated average price of $305.03.

Capstone Investment Advisors, Llc sold out a holding in VanEck Vectors Gold Miners. The sale prices were between $19 and $31.05, with an estimated average price of $27.36.

Capstone Investment Advisors, Llc sold out a holding in BHP Group PLC. The sale prices were between $24.41 and $48.42, with an estimated average price of $39.73.

Capstone Investment Advisors, Llc sold out a holding in Zayo Group Holdings Inc. The sale prices were between $34.65 and $35, with an estimated average price of $34.84.

Capstone Investment Advisors, Llc sold out a holding in Bank of America Corp. The sale prices were between $18.08 and $35.64, with an estimated average price of $30.21.

Capstone Investment Advisors, Llc sold out a holding in PepsiCo Inc. The sale prices were between $103.93 and $146.99, with an estimated average price of $135.44.