Abc Arbitrage SA

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Abc Arbitrage SA reported 196 stock positions worth $875.2 million. Its top holding was Ericsson (lm) Tel-SP ADR (ERIC) at 5.0% of the portfolio, followed by British American Tob-SP ADR (BTI, 4.7%) and Vodafone Group PLC-SP ADR (VOD, 3.6%). Compared with Q1 2025, it opened 93 new positions, sold out of 88, added to 68 and reduced 35. The biggest buy was a new position in Novartis AG-Sponsored ADR (NVS) and the biggest sale an exit from Gold Fields Ltd.-Spons ADR (GFI).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002049221
Portfolio Value
$875.2M (Q2 2025)
SEC Filing
0000945621-25-000681 ↗ filed Aug 8, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q4 2024: $697.3M Q4 2024 Q1 2025: $538.1M Q1 2025 Q2 2025: $875.2M $875.2M Q2 2025 Q3 2025: $1.0B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $751.9M Q1 2026 Q2 2026: $925.7M Q2 2026

Holdings 196 stocks · $875.2M
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 4.96% 5,121,349 $43.4M Add +64.6%
BTI British American Tob-SP ADR 4.66% 862,252 $40.8M Add +87.8%
VOD Vodafone Group PLC-SP ADR 3.62% 2,972,904 $31.7M Add +116.3%
DEO Diageo PLC-Sponsored ADR 3.56% 309,277 $31.2M Add +84.0%
RELX Relx PLC - Spon ADR 3.48% 560,958 $30.5M Add +188.9%
SNN Smith & Nephew PLC -Spon ADR 3.15% 898,635 $27.5M Add +1063.4%
NVS Novartis AG-Sponsored ADR 2.89% 208,708 $25.3M New
RIO Rio Tinto PLC-Spon ADR 2.65% 398,115 $23.2M Add +42.3%
CUK Carnival PLC-ADR 2.60% 893,500 $22.8M Add +17.6%
PUK Prudential PLC-ADR 2.23% 778,900 $19.5M Add +8.4%
TS Tenaris SA-ADR 2.00% 467,268 $17.5M Add +252.6%
BP BP PLC-Spons ADR 1.93% 563,350 $16.9M Add +253.7%
CX Cemex Sab-Spons ADR Part Cer 1.77% 2,235,569 $15.5M New
AZN Astrazeneca PLC-Spons ADR 1.75% 219,531 $15.3M Reduce -20.1%
MT Arcelormittal-NY Registered 1.67% 464,169 $14.7M Reduce -17.2%
SAP Sap SE-Sponsored ADR 1.44% 41,448 $12.6M New
NWG Natwest Group PLC -Spon ADR 1.38% 853,854 $12.1M Add +46.2%
IHG Intercontinental Hotels-ADR 1.37% 103,927 $12.0M New
NGG National Grid PLC-SP ADR 1.31% 154,546 $11.5M Reduce -35.4%
RTO Rentokil Initial PLC-SP ADR 1.26% 459,270 $11.0M Add +775.9%
HLN Haleon PLC-ADR 1.25% 1,051,461 $10.9M Add +8636.0%
BCS Barclays PLC-Spons ADR 1.21% 570,607 $10.6M New
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 1.19% 170,779 $10.4M Add +237.1%
GMAB Genmab A/S -SP ADR 1.06% 447,055 $9.2M New
SBSW Sibanye-Stillwater Ltd.-ADR 0.92% 1,119,817 $8.1M New
SHEL Shell PLC-ADR 0.85% 105,129 $7.4M Add +89.6%
BUD Anheuser-Busch Inbev-SPN ADR 0.80% 101,613 $7.0M Add +261.4%
GMS GMS Inc. 0.80% 64,029 $7.0M New
BPMC Blueprint Medicines Corp. 0.77% 52,650 $6.7M New
SPTN Spartannash Co. 0.76% 252,357 $6.7M New
MAG Mag Silver Corp. 0.76% 314,486 $6.6M New
BRDG Bridge Investment Grp HDS-A 0.75% 659,231 $6.6M New
FMS Fresenius Medical Care-ADR 0.75% 229,375 $6.6M Add +18.2%
HONE Harborone Bancorp Inc. 0.74% 557,561 $6.5M New
EQNR Equinor ASA-Spon ADR 0.74% 256,777 $6.5M Reduce -43.2%
FYBR Frontier Communications Pare 0.73% 174,796 $6.4M Add +22.4%
PPBI Pacific Premier Bancorp Inc. 0.71% 295,961 $6.2M New
PRA Proassurance Corp. 0.71% 273,207 $6.2M Add +14.5%
UL Unilever PLC 0.70% 100,174 $6.1M Reduce -59.2%
STR Sitio Royalties Corp. Class A 0.69% 329,196 $6.1M New
INFA Informatica Inc. Class A 0.66% 238,224 $5.8M New
RYAAY Ryanair Holdings PLC-SP ADR 0.66% 100,237 $5.8M Add +180.4%
PHG Koninklijke Philips NVR- NY 0.66% 240,461 $5.8M Add +137.8%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.62% 199,263 $5.5M Add +252.0%
ING ING Groep N.V.-Sponsored ADR 0.59% 236,873 $5.2M Reduce -27.0%
FARO Faro Technologies Inc. 0.58% 115,874 $5.1M New
SWTX Springworks Therapeutics Inc. 0.58% 107,630 $5.1M New
RDUS Radius Recycling Inc. Class A 0.54% 157,911 $4.7M Add +65.0%
ALE Allete Inc. 0.53% 72,866 $4.7M Reduce -12.5%
WDS Woodside Energy Group-ADR 0.52% 295,923 $4.6M Add +1199.9%
CDNS Cadence Design SYS Inc. 0.52% 14,724 $4.5M New
MS Morgan Stanley 0.52% 32,046 $4.5M New
DOW Dow Inc. 0.51% 168,198 $4.5M Add +447.2%
ED Consolidated Edison Inc. 0.51% 44,165 $4.4M New
STLD Steel Dynamics Inc. 0.50% 34,382 $4.4M New
AMED Amedisys Inc. 0.50% 44,498 $4.4M Add +181.4%
USB US Bancorp 0.49% 94,637 $4.3M New
STM Stmicroelectronics NV-NY SHS 0.45% 129,586 $3.9M Add +35.2%
EBTC Enterprise Bancorp Inc. 0.43% 94,071 $3.7M Add +4.2%
UDR Udr Inc. 0.42% 89,898 $3.7M New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.42% 40,109 $3.7M New
OKE Oneok Inc. 0.42% 44,714 $3.7M New
WM Waste Management Inc. 0.41% 15,703 $3.6M Add +62.8%
K Kellanova 0.37% 40,649 $3.2M Reduce -35.9%
LEN Lennar Corp. Class A 0.36% 28,190 $3.1M Add +270.3%
EWQ iShares MSCI France ETF 0.35% 70,638 $3.0M Add +29.3%
EWG iShares MSCI Germany ETF 0.34% 71,155 $3.0M Add +37.2%
COP Conocophillips 0.33% 32,509 $2.9M New
HMC Honda Motor Co. Ltd.-Spons ADR 0.33% 99,314 $2.9M Add +77.2%
IR Ingersoll-Rand Inc. 0.32% 33,685 $2.8M New
SSBK Southern States Bancshares 0.32% 76,216 $2.8M Add +442.5%
EWJ iShares MSCI Japan ETF 0.31% 36,066 $2.7M Add +12.5%
ATO Atmos Energy Corp. 0.29% 16,576 $2.6M New
PAYX Paychex Inc. 0.29% 17,482 $2.5M New
NEE Nextera Energy Inc. 0.28% 35,012 $2.4M Add +59.5%
DTE DTE Energy Company 0.28% 18,330 $2.4M New
MA Mastercard Inc. Class A 0.27% 4,267 $2.4M Add +152.6%
NVO Novo-Nordisk A/S-Spons ADR 0.27% 33,779 $2.3M New
TV Grupo Televisa SA-Spon ADR 0.27% 1,059,866 $2.3M New
SPDW Ste STR SPDR PT DW Eu ETF 0.26% 57,191 $2.3M New
JNJ Johnson & Johnson 0.26% 14,791 $2.3M New
ZTS Zoetis Inc. 0.26% 14,387 $2.2M New
VEA Vanguard Ftse Developed ETF 0.25% 38,984 $2.2M New
SNREY Sunrise Communicat Class A 0.25% 38,688 $2.2M Reduce -24.1%
EZU iShares MSCI Eurozone ETF 0.25% 36,605 $2.2M New
ZG Zillow Group Inc. Class A 0.24% 31,227 $2.1M Add +390.1%
EQIX Equinix Inc. 0.24% 2,678 $2.1M New
BBJP JPMorgan Betabuilders Japan 0.24% 33,982 $2.1M Reduce -50.5%
LOW Lowe's Cos Inc. 0.24% 9,385 $2.1M New
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.24% 30,693 $2.1M New
MCD McDonald's Corp. 0.23% 7,002 $2.0M New
ETWO E2OPEN Parent Holdings Inc. 0.23% 630,839 $2.0M New
LULU Lululemon Athletica Inc. 0.23% 8,572 $2.0M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.23% 16,479 $2.0M New
CPRT Copart Inc. 0.23% 40,975 $2.0M New
LMT Lockheed Martin Corp. 0.22% 4,233 $2.0M Add +27.5%
CTAS Cintas Corp. 0.22% 8,785 $2.0M New
UPS United Parcel Service Class B 0.22% 19,321 $2.0M Add +43.7%
VZ Verizon Communications Inc. 0.22% 44,944 $1.9M Add +93.2%
WDAY Workday Inc. Class A 0.22% 8,013 $1.9M Add +19.4%
ROP Roper Technologies Inc. 0.22% 3,363 $1.9M New
SPGI S&P Global Inc. 0.22% 3,592 $1.9M New
ADSK Autodesk Inc. 0.22% 6,116 $1.9M New
FTNT Fortinet Inc. 0.22% 17,866 $1.9M New
ADI Analog Devices Inc. 0.22% 7,930 $1.9M Reduce -37.0%
INTU Intuit Inc. 0.22% 2,394 $1.9M New
QCOM Qualcomm Inc. 0.22% 11,839 $1.9M New
AAPL Apple Inc. 0.21% 8,851 $1.8M New
CSX CSX Corp. 0.21% 55,474 $1.8M Add +172.0%
EWI iShares MSCI Italy ETF 0.20% 37,054 $1.8M New
PVBC Provident Bancorp Inc. 0.20% 142,236 $1.8M New
ORLY O'reilly Automotive Inc. 0.19% 18,870 $1.7M New
LYG Lloyds Banking Group PLC-ADR 0.19% 397,446 $1.7M New
KC Kingsoft Cloud Holdings-ADR 0.19% 134,331 $1.7M Add +49.0%
DRD Drdgold Ltd.-Sponsored ADR 0.19% 122,800 $1.6M Add +8.7%
AMGN Amgen Inc. 0.18% 5,756 $1.6M Add +12.4%
MTB M & T Bank Corp. filed as M & T BK CORP 0.18% 8,236 $1.6M New
ABNB Airbnb Inc. Class A 0.18% 11,918 $1.6M Add +137.3%
ELV Elevance Health Inc. 0.18% 4,045 $1.6M New
UNH Unitedhealth Group Inc. 0.18% 5,026 $1.6M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 33,087 $1.6M New
ESSA Essa Bancorp Inc. 0.17% 78,885 $1.5M Add +51.0%
V Visa Inc. Class A 0.17% 4,244 $1.5M New
PWOD Penns Woods Bancorp Inc. 0.17% 49,312 $1.5M Add +63.4%
WPP WPP PLC-Sponsored ADR 0.17% 42,465 $1.5M Add +321.8%
CCL Carnival Corp. 0.17% 52,816 $1.5M New
CRM Salesforce Inc. 0.17% 5,429 $1.5M Reduce -7.2%
NOW ServiceNow Inc. 0.17% 1,435 $1.5M Reduce -27.0%
TEAM Atlassian Corp. Class A 0.17% 7,202 $1.5M New
VIGL Vigil Neuroscience Inc. 0.17% 183,179 $1.5M New
ABBV Abbvie Inc. 0.16% 7,766 $1.4M Add +1.7%
EXE Expand Energy Corp. 0.16% 12,290 $1.4M New
VRTX Vertex Pharmaceuticals Inc. 0.16% 3,221 $1.4M New
KMB Kimberly-Clark Corp. 0.15% 10,465 $1.3M Add +21.3%
EWU iShares MSCI United Kingdom 0.15% 32,419 $1.3M Add +1.0%
SBUX Starbucks Corp. 0.14% 13,564 $1.2M Add +8.8%
RDFN Redfin Corp. 0.13% 103,054 $1.2M Reduce -79.8%
KWEB Kranesh Csi China Internet 0.13% 33,557 $1.2M Add +5.0%
IVZ Invesco Ltd. 0.13% 71,245 $1.1M Add +110.5%
PEP Pepsico Inc. 0.13% 8,492 $1.1M Add +4.3%
DE Deere & Co. 0.13% 2,170 $1.1M New
ITW Illinois Tool Works 0.13% 4,446 $1.1M Reduce -14.4%
NOC Northrop Grumman Corp. 0.13% 2,195 $1.1M New
RTX RTX Corp. 0.13% 7,510 $1.1M New
LEN.B Lennar Corp. Class B 0.12% 10,232 $1.1M Add +29.1%
E Eni SPA-Sponsored ADR 0.12% 32,110 $1.0M Add +78.8%
AZO AutoZone Inc. 0.12% 275 $1.0M New
NTES Netease Inc.-ADR 0.11% 7,391 $995K New
ICAD Icad Inc. 0.11% 258,673 $986K New
VLO Valero Energy Corp. 0.11% 7,298 $981K New
MAR Marriott International Class A 0.11% 3,474 $949K Reduce -61.5%
GNTY Guaranty Bancshares Inc. 0.11% 21,907 $930K New
MRC MRC Global Inc. 0.10% 67,040 $919K New
IEFA iShares Core MSCI Eafe ETF 0.10% 10,663 $890K Reduce -90.7%
IEV iShares Europe ETF 0.10% 13,930 $881K New
HAL Halliburton Co. 0.10% 42,582 $868K Add +70.0%
GOOG Alphabet Inc. Class C 0.10% 4,752 $843K Reduce -78.0%
PLD Prologis Inc. 0.10% 7,982 $839K Add +126.8%
ONC Beone Medicines Ltd.-ADR 0.10% 3,452 $836K Reduce -8.5%
SSL Sasol Ltd.-Sponsored ADR 0.10% 188,436 $833K New
CNA Cna Financial Corp. 0.09% 17,528 $816K Add +184.7%
EWD iShares MSCI Sweden ETF 0.09% 17,582 $804K Reduce -41.6%
JNPR Juniper Networks Inc. 0.09% 19,837 $792K Reduce -51.1%
BROOKLINE BANCORP INC 0.09% 74,739 $788K Add +21.2%
NMR Nomura Holdings Inc.-Spon ADR 0.09% 117,412 $773K Reduce -60.5%
EPP iShares MSCI Pacific Ex Japa 0.09% 15,541 $767K Add +24.2%
ARGX Argenx SE - ADR 0.08% 1,340 $739K Reduce -23.8%
LNT Alliant Energy Corp. 0.08% 12,210 $738K New
BF.B Brown-Forman Corp. Class B 0.08% 27,203 $732K New
MNST Monster Beverage Corp. 0.08% 11,355 $711K New
VMC Vulcan Materials Co. 0.08% 2,689 $701K Reduce -40.2%
HEI Heico Corp. 0.08% 2,099 $688K New
UAA Under Armour Inc. Class A 0.07% 96,017 $656K Reduce -81.4%
COST Costco Wholesale Corp. 0.07% 645 $639K New
CENT Central Garden & Pet Co. 0.07% 18,102 $637K Add +25.7%
EWL iShares MSCI Switzerland ETF 0.07% 11,579 $635K New
MET Metlife Inc. 0.07% 7,712 $620K Reduce -81.8%
PBR.A Petroleo Brasil-SP Pref ADR 0.06% 47,924 $553K Reduce -45.9%
PSA Public Storage 0.06% 1,775 $521K Reduce -58.5%
CWEN Clearway Energy Inc. Class C 0.06% 15,759 $504K New
GM General Motors Co. 0.05% 8,411 $414K Reduce -83.2%
EWH iShares MSCI Hong Kong ETF 0.04% 17,827 $354K Reduce -80.5%
ZTO Zto Express Cayman Inc.-ADR 0.04% 19,650 $349K New
FANG Diamondback Energy Inc. 0.04% 2,308 $317K New
FRT Federal Realty Invs Trust 0.04% 3,322 $316K Reduce -91.2%
NXE Nexgen Energy Ltd. 0.03% 43,359 $301K Add +9.7%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.03% 20,434 $280K New
KOF Coca-Cola Femsa Sab-SP ADR 0.03% 2,857 $276K Reduce -54.1%
RJF Raymond James Financial Inc. 0.03% 1,798 $276K Reduce -42.5%
NVR NVR Inc. 0.03% 30 $222K New
TNK Teekay Tankers Ltd. Class A 0.02% 5,230 $218K New
XPEV Xpeng Inc. - ADR 0.02% 11,908 $213K New
SPCE Virgin Galactic Holdings Inc. 0.02% 73,973 $202K Add +33.3%
EVO Evotec SE - Spon ADR 0.02% 38,960 $164K Reduce -50.0%
GOLDEN OCEAN GROUP LTD 0.01% 15,689 $115K New
MNTK Montauk Renewables Inc. 0.01% 38,167 $85K Reduce -64.6%
Other holdings (2): bonds, preferreds, convertibles and warrants · $324K (not counted above)
SecurityClassShares / PrincipalValueChange
AVPTW Avepoint Inc.-CW24 *W EXP 09/18/202 20,887$162KNew
ABLLW East Resources Acquis -CW27 *W EXP 06/30/202 144,523$162KNew

Total filed on the 13F, all lines: $875.5M.

Portfolio Sells Q1 2025 → Q2 2025
GFI Gold Fields Ltd.-Spons ADR Sold out 0.00% −2.38
UL Unilever PLC Reduce -59.2% 0.70% −2.02
AZN Astrazeneca PLC-Spons ADR Reduce -20.1% 1.75% −2.00
AMX America Movil Sab DE CV Sold out 0.00% −1.65
NGG National Grid PLC-SP ADR Reduce -35.4% 1.31% −1.60
IEFA iShares Core MSCI Eafe ETF Reduce -90.7% 0.10% −1.51
EQNR Equinor ASA-Spon ADR Reduce -43.2% 0.74% −1.49
MT Arcelormittal-NY Registered Reduce -17.2% 1.67% −1.33
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −1.00
ACCD Accolade Inc. Sold out 0.00% −0.95
HEES H&E Equipment Services Inc. Sold out 0.00% −0.95
TAK Takeda Pharmaceutic-SP ADR Sold out 0.00% −0.93
SNPS Synopsys Inc. Sold out 0.00% −0.92
FBMS First Bancshares Inc. Sold out 0.00% −0.90
FLIC First of Long Island Corp. Sold out 0.00% −0.86
SASR Sandy Spring Bancorp Inc. Sold out 0.00% −0.83
RDFN Redfin Corp. Reduce -79.8% 0.13% −0.74
FRT Federal Realty Invs Trust Reduce -91.2% 0.04% −0.65
NVRO Nevro LLC Sold out 0.00% −0.64
K Kellanova Reduce -35.9% 0.37% −0.60
AVB Avalonbay Communities Inc. Sold out 0.00% −0.60
ING ING Groep N.V.-Sponsored ADR Reduce -27.0% 0.59% −0.59
NUE Nucor Corp. Sold out 0.00% −0.58
MET Metlife Inc. Reduce -81.8% 0.07% −0.56
ADP Automatic Data Processing Sold out 0.00% −0.55
DUK Duke Energy Corp. Sold out 0.00% −0.54
GOOG Alphabet Inc. Class C Reduce -78.0% 0.10% −0.53
UAA Under Armour Inc. Class A Reduce -81.4% 0.07% −0.53
CMRX Chimerix Inc. Sold out 0.00% −0.52
ALE Allete Inc. Reduce -12.5% 0.53% −0.48
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.48
TM Toyota Motor Corp. -Spon ADR Sold out 0.00% −0.48
CCRN Cross Country Healthcare Inc. Sold out 0.00% −0.48
BBJP JPMorgan Betabuilders Japan Reduce -50.5% 0.24% −0.48
NOK Nokia Corp.-Spon ADR Sold out 0.00% −0.47
EVBN Evans Bancorp Inc. Sold out 0.00% −0.40
GM General Motors Co. Reduce -83.2% 0.05% −0.39
SYF Synchrony Financial Sold out 0.00% −0.37
HEI.A Heico Corp. Class A Sold out 0.00% −0.34
EOG EOG Resources Inc. Sold out 0.00% −0.34
SCHF Schwab Intl Equity ETF Sold out 0.00% −0.30
MRK Merck & Co. Inc. Sold out 0.00% −0.30
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.30
AVGO Broadcom Inc. Sold out 0.00% −0.29
AMAT Applied Materials Inc. Sold out 0.00% −0.29
LRCX Lam Research Corp. Sold out 0.00% −0.29
MAR Marriott International Class A Reduce -61.5% 0.11% −0.29
ORCL Oracle Corp. Sold out 0.00% −0.29
PFE Pfizer Inc. Sold out 0.00% −0.29
MRNA Moderna Inc. Sold out 0.00% −0.29

Portfolio Buys Q1 2025 → Q2 2025
NVS Novartis AG-Sponsored ADR New 2.89% +2.89
SNN Smith & Nephew PLC -Spon ADR Add +1063.4% 3.15% +2.74
CX Cemex Sab-Spons ADR Part Cer New 1.77% +1.77
RELX Relx PLC - Spon ADR Add +188.9% 3.48% +1.66
SAP Sap SE-Sponsored ADR New 1.44% +1.44
IHG Intercontinental Hotels-ADR New 1.37% +1.37
VOD Vodafone Group PLC-SP ADR Add +116.3% 3.62% +1.23
HLN Haleon PLC-ADR Add +8636.0% 1.25% +1.22
BCS Barclays PLC-Spons ADR New 1.21% +1.21
BTI British American Tob-SP ADR Add +87.8% 4.66% +1.13
GMAB Genmab A/S -SP ADR New 1.06% +1.06
RTO Rentokil Initial PLC-SP ADR Add +775.9% 1.26% +1.04
TS Tenaris SA-ADR Add +252.6% 2.00% +1.03
BP BP PLC-Spons ADR Add +253.7% 1.93% +0.93
SBSW Sibanye-Stillwater Ltd.-ADR New 0.92% +0.92
GMS GMS Inc. New 0.80% +0.80
BPMC Blueprint Medicines Corp. New 0.77% +0.77
SPTN Spartannash Co. New 0.76% +0.76
MAG Mag Silver Corp. New 0.76% +0.76
BRDG Bridge Investment Grp HDS-A New 0.75% +0.75
HONE Harborone Bancorp Inc. New 0.74% +0.74
PPBI Pacific Premier Bancorp Inc. New 0.71% +0.71
STR Sitio Royalties Corp. Class A New 0.69% +0.69
INFA Informatica Inc. Class A New 0.66% +0.66
HSBC HSBC Holdings PLC-Spons ADR Add +237.1% 1.19% +0.65
FARO Faro Technologies Inc. New 0.58% +0.58
SWTX Springworks Therapeutics Inc. New 0.58% +0.58
CDNS Cadence Design SYS Inc. New 0.52% +0.52
MS Morgan Stanley New 0.52% +0.52
ED Consolidated Edison Inc. New 0.51% +0.51
STLD Steel Dynamics Inc. New 0.50% +0.50
USB US Bancorp New 0.49% +0.49
BUD Anheuser-Busch Inbev-SPN ADR Add +261.4% 0.80% +0.48
ERIC Ericsson (lm) Tel-SP ADR Add +64.6% 4.96% +0.47
WDS Woodside Energy Group-ADR Add +1199.9% 0.52% +0.46
UDR Udr Inc. New 0.42% +0.42
BNY Bank of New York Mellon Corp. New 0.42% +0.42
OKE Oneok Inc. New 0.42% +0.42
VTMX Corp. Inmobiliaria Vesta-ADR Add +252.0% 0.62% +0.38
RYAAY Ryanair Holdings PLC-SP ADR Add +180.4% 0.66% +0.38
COP Conocophillips New 0.33% +0.33
IR Ingersoll-Rand Inc. New 0.32% +0.32
DOW Dow Inc. Add +447.2% 0.51% +0.31
ATO Atmos Energy Corp. New 0.29% +0.29
PAYX Paychex Inc. New 0.29% +0.29
DEO Diageo PLC-Sponsored ADR Add +84.0% 3.56% +0.29
DTE DTE Energy Company New 0.28% +0.28
NVO Novo-Nordisk A/S-Spons ADR New 0.27% +0.27
TV Grupo Televisa SA-Spon ADR New 0.27% +0.27
SPDW Ste STR SPDR PT DW Eu ETF New 0.26% +0.26

Notes & Other Activity Q1 2025 → Q2 2025
AVPTW Avepoint Inc.-CW24 *W EXP 09/18/202 New 20,887 $162K
ABLLW East Resources Acquis -CW27 *W EXP 06/30/202 New 144,523 $162K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 313$925.7MDEO, BTI, RIO, LYG, NWG
Q1 2026 325$751.9MVOD, DEO, SHEL, BP, NGG
Q4 2025 305$1.1BBTI, HMY, DEO, VOD, ERIC
Q3 2025 199$1.0BAZN, SBSW, VOD, BTI, DEO
Q2 2025 196$875.2MERIC, BTI, VOD, DEO, RELX
Q1 2025 191$538.1MERIC, AZN, BTI, DEO, RIO
Q4 2024 192$697.3MDEO, TS, BTI, BP, VOD