Abc Arbitrage SA

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Abc Arbitrage SA reported 199 stock positions worth $1.0 billion. Its top holding was Astrazeneca PLC-Spons ADR (AZN) at 5.1% of the portfolio, followed by Sibanye-Stillwater Ltd.-ADR (SBSW, 4.5%) and Vodafone Group PLC-SP ADR (VOD, 4.2%). Compared with Q2 2025, it opened 115 new positions, sold out of 112, added to 37 and reduced 41. The biggest buy was Sibanye-Stillwater Ltd.-ADR (SBSW, shares +260%) and the biggest sale an exit from Novartis AG-Sponsored ADR (NVS).

Most Recent 13F
Q2 2026
Location
PARIS, I0
CIK
0002049221
Portfolio Value
$1.0B (Q3 2025)
SEC Filing
0000945621-25-001029 ↗ filed Nov 6, 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 Q2 2025 Q3 2025: $1.0B $1.0B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $751.9M Q1 2026 Q2 2026: $925.7M Q2 2026

Holdings 199 stocks · $1.0B
AZN Astrazeneca PLC-Spons ADR 5.15% 681,362 $52.3M Add +210.4%
SBSW Sibanye-Stillwater Ltd.-ADR 4.46% 4,032,812 $45.3M Add +260.1%
VOD Vodafone Group PLC-SP ADR 4.16% 3,646,412 $42.3M Add +22.6%
BTI British American Tob-SP ADR 4.03% 771,023 $40.9M Reduce -10.6%
DEO Diageo PLC-Sponsored ADR 3.94% 419,082 $40.0M Add +35.5%
RELX Relx PLC - Spon ADR 3.00% 637,699 $30.5M Add +13.7%
TS Tenaris SA-ADR 2.73% 775,204 $27.7M Add +65.9%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 2.61% 3,209,815 $26.5M Reduce -37.3%
CUK Carnival PLC-ADR 2.59% 996,575 $26.3M Add +11.5%
RIO Rio Tinto PLC-Spon ADR 2.57% 395,421 $26.1M Reduce -0.7%
SNN Smith & Nephew PLC -Spon ADR 2.44% 683,452 $24.8M Reduce -23.9%
HLN Haleon PLC-ADR 2.41% 2,727,350 $24.5M Add +159.4%
ING ING Groep N.V.-Sponsored ADR 2.31% 900,936 $23.5M Add +280.4%
PUK Prudential PLC-ADR 2.09% 758,332 $21.2M Reduce -2.6%
BCS Barclays PLC-Spons ADR 1.95% 960,281 $19.8M Add +68.3%
HMY Harmony Gold MNG-Spon ADR 1.83% 1,021,504 $18.5M New
STM Stmicroelectronics NV-NY SHS 1.73% 620,238 $17.5M Add +378.6%
NGG National Grid PLC-SP ADR 1.71% 239,559 $17.4M Add +55.0%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 1.71% 244,169 $17.3M Add +43.0%
FXI iShares China Large-Cap ETF 1.65% 407,107 $16.7M New
AEG Aegon Ltd.-NY Reg SHR 1.64% 2,081,868 $16.6M New
IHG Intercontinental Hotels-ADR 1.57% 131,377 $15.9M Add +26.4%
NWG Natwest Group PLC -Spon ADR 1.54% 1,102,971 $15.6M Add +29.2%
SHEL Shell PLC-ADR 1.27% 180,855 $12.9M Add +72.0%
EQNR Equinor ASA-Spon ADR 1.24% 515,544 $12.6M Add +100.8%
BP BP PLC-Spons ADR 1.12% 329,712 $11.4M Reduce -41.5%
RTO Rentokil Initial PLC-SP ADR 1.08% 434,572 $11.0M Reduce -5.4%
GFI Gold Fields Ltd.-Spons ADR 0.87% 211,430 $8.9M New
IEFA iShares Core MSCI Eafe ETF 0.85% 98,941 $8.6M Add +827.9%
TAK Takeda Pharmaceutic-SP ADR 0.82% 571,863 $8.4M New
SAND Sandstorm Gold Ltd. 0.72% 587,753 $7.4M New
RYAAY Ryanair Holdings PLC-SP ADR 0.72% 121,668 $7.3M Add +21.4%
HBI Hanesbrands Inc. 0.71% 1,100,035 $7.2M New
HONE Harborone Bancorp Inc. 0.71% 526,525 $7.2M Reduce -5.6%
SCS Steelcase Inc. Class A 0.68% 401,826 $6.9M New
INFA Informatica Inc. Class A 0.66% 271,658 $6.7M Add +14.0%
VRNA Verona Pharma Ltd. 0.66% 63,196 $6.7M New
TRML Tourmaline Bio Inc. 0.66% 139,800 $6.7M New
STAA Staar Surgical Co. 0.65% 246,829 $6.6M New
VBTX Veritex Holdings Inc. 0.65% 195,933 $6.6M New
PRA Proassurance Corp. 0.65% 273,207 $6.6M No change
FYBR Frontier Communications Pare 0.64% 174,796 $6.5M No change
TGNA Tegna Inc. 0.62% 309,451 $6.3M New
VTLE Vital Energy Inc. 0.60% 361,634 $6.1M New
GES Guess? Inc. 0.60% 363,821 $6.1M New
KWEB Kranesh Csi China Internet 0.57% 138,130 $5.8M Add +311.6%
UL Unilever PLC 0.51% 87,125 $5.2M Reduce -13.0%
LOW Lowe's Cos Inc. 0.49% 19,744 $5.0M Add +110.4%
BRY Berry Corp. 0.48% 1,299,840 $4.9M New
ALE Allete Inc. 0.48% 72,866 $4.8M No change
BUD Anheuser-Busch Inbev-SPN ADR 0.47% 80,913 $4.8M Reduce -20.4%
WDS Woodside Energy Group-ADR 0.47% 315,639 $4.8M Add +6.7%
MA Mastercard Inc. Class A 0.43% 7,717 $4.4M Add +80.8%
AMT American Tower Corp. 0.40% 21,280 $4.1M New
NUE Nucor Corp. 0.37% 27,975 $3.8M New
SPGI S&P Global Inc. 0.37% 7,681 $3.7M Add +113.8%
HIG Hartford Insurance Group Inc. 0.36% 27,405 $3.7M New
CCL Carnival Corp. 0.36% 125,293 $3.6M Add +137.2%
PAYX Paychex Inc. 0.35% 28,208 $3.6M Add +61.4%
KKR KKR & Co. Inc. 0.34% 26,385 $3.4M New
ASML ASML Holding NV-NY Reg SHS 0.33% 3,511 $3.4M New
PRU Prudential Financial Inc. 0.33% 32,728 $3.4M New
KEY Keycorp 0.33% 180,270 $3.4M New
K Kellanova 0.33% 40,649 $3.3M No change
UDR Udr Inc. 0.33% 89,428 $3.3M Reduce -0.5%
GSK GSK PLC-Spon ADR 0.33% 76,802 $3.3M New
GTLS Chart Industries Inc. 0.32% 16,351 $3.3M New
CMS CMS Energy Corp. 0.31% 43,452 $3.2M New
TXNM TXNM Energy Inc. 0.31% 56,029 $3.2M New
KMI Kinder Morgan Inc. 0.31% 111,570 $3.2M New
GNTY Guaranty Bancshares Inc. 0.31% 64,452 $3.1M Add +194.2%
PSO Pearson PLC-Sponsored ADR 0.30% 218,510 $3.1M New
EOG EOG Resources Inc. 0.30% 27,117 $3.0M New
GOOG Alphabet Inc. Class C 0.29% 12,294 $3.0M Add +158.7%
MLM Martin Marietta Materials 0.29% 4,724 $3.0M New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.29% 84,690 $2.9M New
MRSH Marsh & McLennan Cos 0.28% 14,062 $2.8M New
AMP Ameriprise Financial Inc. 0.26% 5,402 $2.7M New
IMXI International Money Express 0.25% 179,440 $2.5M New
PBR Petroleo Brasileiro-Spon ADR 0.25% 196,610 $2.5M New
UAL United Airlines Holdings Inc. 0.23% 24,061 $2.3M New
LYG Lloyds Banking Group PLC-ADR 0.22% 497,704 $2.3M Add +25.2%
HLT Hilton Worldwide Holdings Inc. 0.21% 8,377 $2.2M New
VGK Vanguard Ftse Europe ETF 0.20% 24,894 $2.0M New
DUK Duke Energy Corp. 0.20% 16,036 $2.0M New
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.19% 101,237 $1.9M New
NIO Nio Inc. - ADR 0.18% 243,697 $1.9M New
BFIN Bankfinancial Corp. 0.18% 152,518 $1.8M New
EXR Extra Space Storage Inc. 0.18% 12,839 $1.8M New
PVBC Provident Bancorp Inc. 0.18% 142,236 $1.8M No change
EWA iShares MSCI Australia ETF 0.18% 65,957 $1.8M New
DRD Drdgold Ltd.-Sponsored ADR 0.17% 61,304 $1.7M Reduce -50.1%
AVDX Avidxchange Holdings Inc. 0.16% 167,369 $1.7M New
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.16% 58,030 $1.6M Reduce -70.9%
SMFG Sumitomo Mitsui-Spons ADR 0.15% 92,382 $1.5M New
CI The Cigna Group 0.14% 5,048 $1.5M New
PHG Koninklijke Philips NVR- NY 0.14% 50,362 $1.4M Reduce -79.1%
ARIS WATER SOLUTIONS INC-A 0.13% 55,333 $1.4M New
COF Capital One Financial Corp. 0.13% 6,344 $1.3M New
CVX Chevron Corp. 0.13% 8,652 $1.3M New
SHW The Sherwin-Williams Co. 0.13% 3,857 $1.3M New
CARR Carrier Global Corp. 0.13% 22,172 $1.3M New
TMO Thermo Fisher Scientific Inc. 0.13% 2,701 $1.3M New
ADSK Autodesk Inc. 0.13% 4,080 $1.3M Reduce -33.3%
TEAM Atlassian Corp. Class A 0.13% 8,084 $1.3M Add +12.3%
HON Honeywell International Inc. 0.12% 5,980 $1.3M New
LLY Eli Lilly & Co. 0.12% 1,649 $1.3M New
AVGO Broadcom Inc. 0.12% 3,778 $1.2M New
EWQ iShares MSCI France ETF 0.12% 28,361 $1.2M Reduce -59.9%
ORCL Oracle Corp. 0.12% 4,414 $1.2M New
FISV Fiserv Inc. 0.12% 9,575 $1.2M New
ADI Analog Devices Inc. 0.12% 4,961 $1.2M Reduce -37.4%
PG The Procter & Gamble Co. 0.12% 7,927 $1.2M New
MSI Motorola Solutions Inc. 0.12% 2,655 $1.2M New
EMR Emerson Electric Co. 0.12% 9,036 $1.2M New
MMM 3M Co. 0.12% 7,624 $1.2M New
CDNS Cadence Design SYS Inc. 0.12% 3,347 $1.2M Reduce -77.3%
SSL Sasol Ltd.-Sponsored ADR 0.11% 187,601 $1.2M Reduce -0.4%
BDX Becton Dickinson and Co. 0.11% 6,193 $1.2M New
CPRT Copart Inc. 0.11% 25,319 $1.1M Reduce -38.2%
MAA Mid-America Apartment Comm 0.11% 8,056 $1.1M New
PH Parker Hannifin Corp. 0.11% 1,477 $1.1M New
AMZN Amazon.com Inc. 0.11% 5,092 $1.1M New
REGN Regeneron Pharmaceuticals 0.11% 1,970 $1.1M New
SYK Stryker Corp. 0.11% 2,985 $1.1M New
BF.A Brown-Forman Corp. Class A 0.11% 40,946 $1.1M New
CL Colgate-Palmolive Co. 0.11% 13,767 $1.1M New
T AT&T Inc. 0.10% 37,564 $1.1M New
LEN Lennar Corp. Class A 0.10% 8,381 $1.1M Reduce -70.3%
IEUR iShares Core MSCI Europe ETF 0.10% 15,495 $1.1M New
KDP Keurig Dr Pepper Inc. 0.10% 40,366 $1.0M New
AMWD American Woodmark Corp. 0.10% 15,382 $1.0M New
PBPB Potbelly Corp. 0.10% 59,987 $1.0M New
MRK Merck & Co. Inc. 0.10% 11,779 $989K New
KMB Kimberly-Clark Corp. 0.10% 7,851 $976K Reduce -25.0%
DE Deere & Co. 0.10% 2,128 $973K Reduce -1.9%
WM Waste Management Inc. 0.10% 4,380 $967K Reduce -72.1%
MRC MRC Global Inc. 0.10% 67,040 $967K No change
CRM Salesforce Inc. 0.09% 3,906 $926K Reduce -28.1%
SCCO Southern Copper Corp. 0.09% 7,160 $869K New
LI Li Auto Inc. - ADR 0.09% 34,145 $865K New
RF Regions Financial Corp. 0.08% 32,606 $860K New
BILI Bilibili Inc.-Sponsored ADR 0.08% 30,568 $859K New
ED Consolidated Edison Inc. 0.08% 8,511 $856K Reduce -80.7%
CNA Cna Financial Corp. 0.08% 17,704 $823K Add +1.0%
LEN.B Lennar Corp. Class B 0.08% 6,606 $793K Reduce -35.4%
PYPL PayPal Holdings Inc. 0.07% 10,671 $716K New
EWD iShares MSCI Sweden ETF 0.06% 13,918 $657K Reduce -20.8%
EZA iShares MSCI South Africa Et 0.06% 9,838 $631K New
CWEN Clearway Energy Inc. Class C 0.06% 21,773 $615K Add +38.2%
SCHF Schwab Intl Equity ETF 0.06% 26,416 $615K New
TGT Target Corp. 0.06% 6,812 $611K New
BIDU Baidu Inc. - Spon ADR 0.06% 4,531 $597K New
FSFG First Savings Financial Grp 0.06% 18,927 $595K New
EWG iShares MSCI Germany ETF 0.06% 14,101 $587K Reduce -80.2%
SAP Sap SE-Sponsored ADR 0.06% 2,195 $587K Reduce -94.7%
XPEV Xpeng Inc. - ADR 0.06% 24,691 $578K Add +107.3%
FMS Fresenius Medical Care-ADR 0.05% 20,211 $532K Reduce -91.2%
EQT Eqt Corp. 0.05% 9,600 $523K New
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.05% 13,275 $514K New
EWY iShares MSCI South Korea ETF 0.05% 6,386 $512K New
FRT Federal Realty Invs Trust 0.05% 4,982 $505K Add +50.0%
SPDW Ste STR SPDR PT DW Eu ETF 0.05% 11,781 $504K Reduce -79.4%
MCHP Microchip Technology Inc. 0.05% 7,591 $487K New
EVO Evotec SE - Spon ADR 0.05% 132,057 $479K Add +239.0%
DHR Danaher Corp. 0.05% 2,391 $474K New
META Meta Platforms Inc. Class A 0.05% 637 $468K New
BN Brookfield Corp. 0.05% 6,783 $465K New
EQIX Equinix Inc. 0.05% 587 $460K Reduce -78.1%
WB Weibo Corp.-Spon ADR 0.04% 35,889 $445K New
BNTX Biontech SE-ADR 0.04% 4,229 $417K New
KOF Coca-Cola Femsa Sab-SP ADR 0.04% 4,893 $407K Add +71.3%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.04% 6,278 $406K Reduce -79.5%
EDU New Oriental Educatio-SP ADR 0.04% 7,010 $372K New
ZLAB Zai Lab Ltd.-ADR 0.03% 10,388 $352K New
Z Zillow Group Inc. Class C 0.03% 4,307 $332K New
STZ Constellation Brands Inc. Class A 0.03% 2,344 $316K New
TRI Thomson Reuters Corp. 0.03% 2,026 $315K New
PANW Palo Alto Networks Inc. 0.03% 1,445 $294K New
IMOS Chipmos Technologies Inc.-ADR 0.03% 15,185 $290K New
YUMC Yum China Holdings Inc. 0.03% 6,557 $281K New
ROP Roper Technologies Inc. 0.03% 532 $265K Reduce -84.2%
BSX Boston Scientific Corp. 0.03% 2,717 $265K New
EPP iShares MSCI Pacific Ex Japa 0.02% 4,885 $252K Reduce -68.6%
SFM Sprouts Farmers Market Inc. 0.02% 2,210 $240K New
CNP Centerpoint Energy Inc. 0.02% 6,124 $238K New
IMVT Immunovant Inc. 0.02% 14,639 $236K New
SPCE Virgin Galactic Holdings Inc. 0.02% 59,171 $228K Reduce -20.0%
CHT Chunghwa Telecom LT-Spon ADR 0.02% 5,230 $228K New
IEV iShares Europe ETF 0.02% 3,446 $226K Reduce -75.3%
NVR NVR Inc. 0.02% 28 $225K Reduce -6.7%
LVS Las Vegas Sands Corp. 0.02% 4,084 $220K New
ITW Illinois Tool Works 0.02% 789 $206K Reduce -82.3%
AMGN Amgen Inc. 0.02% 729 $206K Reduce -87.3%
MCHI iShares MSCI China ETF 0.02% 3,113 $205K New
AAPG Ascentage Pharma GR-ADR 0.02% 5,230 $204K New
AHL Aspen Insurance Holdings Class A 0.02% 5,545 $204K New
UA Under Armour Inc. Class C 0.01% 11,670 $56K New
ABEV Ambev SA-ADR 0.00% 18,802 $42K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $15K (not counted above)
SecurityClassShares / PrincipalValueChange
LGL.WS LGL Group Inc./the -CW25 *W EXP 11/16/202 47,147$15KNew

Total filed on the 13F, all lines: $1.0B.

Portfolio Sells Q2 2025 → Q3 2025
NVS Novartis AG-Sponsored ADR Sold out 0.00% −2.89
ERIC Ericsson (lm) Tel-SP ADR Reduce -37.3% 2.61% −2.35
CX Cemex Sab-Spons ADR Part Cer Sold out 0.00% −1.77
MT Arcelormittal-NY Registered Sold out 0.00% −1.67
SAP Sap SE-Sponsored ADR Reduce -94.7% 0.06% −1.38
GMAB Genmab A/S -SP ADR Sold out 0.00% −1.06
BP BP PLC-Spons ADR Reduce -41.5% 1.12% −0.81
GMS GMS Inc. Sold out 0.00% −0.80
BPMC Blueprint Medicines Corp. Sold out 0.00% −0.77
SPTN Spartannash Co. Sold out 0.00% −0.76
MAG Mag Silver Corp. Sold out 0.00% −0.76
BRDG Bridge Investment Grp HDS-A Sold out 0.00% −0.75
PPBI Pacific Premier Bancorp Inc. Sold out 0.00% −0.71
SNN Smith & Nephew PLC -Spon ADR Reduce -23.9% 2.44% −0.70
FMS Fresenius Medical Care-ADR Reduce -91.2% 0.05% −0.70
STR Sitio Royalties Corp. Class A Sold out 0.00% −0.69
BTI British American Tob-SP ADR Reduce -10.6% 4.03% −0.63
FARO Faro Technologies Inc. Sold out 0.00% −0.58
SWTX Springworks Therapeutics Inc. Sold out 0.00% −0.58
RDUS Radius Recycling Inc. Class A Sold out 0.00% −0.54
PHG Koninklijke Philips NVR- NY Reduce -79.1% 0.14% −0.52
MS Morgan Stanley Sold out 0.00% −0.52
DOW Dow Inc. Sold out 0.00% −0.51
STLD Steel Dynamics Inc. Sold out 0.00% −0.50
AMED Amedisys Inc. Sold out 0.00% −0.50
USB US Bancorp Sold out 0.00% −0.49
VTMX Corp. Inmobiliaria Vesta-ADR Reduce -70.9% 0.16% −0.46
EBTC Enterprise Bancorp Inc. Sold out 0.00% −0.43
ED Consolidated Edison Inc. Reduce -80.7% 0.08% −0.42
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.42
OKE Oneok Inc. Sold out 0.00% −0.42
CDNS Cadence Design SYS Inc. Reduce -77.3% 0.12% −0.40
COP Conocophillips Sold out 0.00% −0.33
HMC Honda Motor Co. Ltd.-Spons ADR Sold out 0.00% −0.33
BUD Anheuser-Busch Inbev-SPN ADR Reduce -20.4% 0.47% −0.32
IR Ingersoll-Rand Inc. Sold out 0.00% −0.32
SSBK Southern States Bancshares Sold out 0.00% −0.32
WM Waste Management Inc. Reduce -72.1% 0.10% −0.32
EWJ iShares MSCI Japan ETF Sold out 0.00% −0.31
ATO Atmos Energy Corp. Sold out 0.00% −0.29
EWG iShares MSCI Germany ETF Reduce -80.2% 0.06% −0.29
NEE Nextera Energy Inc. Sold out 0.00% −0.28
DTE DTE Energy Company Sold out 0.00% −0.28
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.27
TV Grupo Televisa SA-Spon ADR Sold out 0.00% −0.27
JNJ Johnson & Johnson Sold out 0.00% −0.26
ZTS Zoetis Inc. Sold out 0.00% −0.26
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.25
LEN Lennar Corp. Class A Reduce -70.3% 0.10% −0.25
SNREY Sunrise Communicat Class A Sold out 0.00% −0.25

Portfolio Buys Q2 2025 → Q3 2025
SBSW Sibanye-Stillwater Ltd.-ADR Add +260.1% 4.46% +3.54
AZN Astrazeneca PLC-Spons ADR Add +210.4% 5.15% +3.39
HMY Harmony Gold MNG-Spon ADR New 1.83% +1.83
ING ING Groep N.V.-Sponsored ADR Add +280.4% 2.31% +1.72
FXI iShares China Large-Cap ETF New 1.65% +1.65
AEG Aegon Ltd.-NY Reg SHR New 1.64% +1.64
STM Stmicroelectronics NV-NY SHS Add +378.6% 1.73% +1.28
HLN Haleon PLC-ADR Add +159.4% 2.41% +1.16
GFI Gold Fields Ltd.-Spons ADR New 0.87% +0.87
TAK Takeda Pharmaceutic-SP ADR New 0.82% +0.82
IEFA iShares Core MSCI Eafe ETF Add +827.9% 0.85% +0.75
BCS Barclays PLC-Spons ADR Add +68.3% 1.95% +0.74
TS Tenaris SA-ADR Add +65.9% 2.73% +0.73
SAND Sandstorm Gold Ltd. New 0.72% +0.72
HBI Hanesbrands Inc. New 0.71% +0.71
SCS Steelcase Inc. Class A New 0.68% +0.68
VRNA Verona Pharma Ltd. New 0.66% +0.66
TRML Tourmaline Bio Inc. New 0.66% +0.66
STAA Staar Surgical Co. New 0.65% +0.65
VBTX Veritex Holdings Inc. New 0.65% +0.65
TGNA Tegna Inc. New 0.62% +0.62
VTLE Vital Energy Inc. New 0.60% +0.60
GES Guess? Inc. New 0.60% +0.60
VOD Vodafone Group PLC-SP ADR Add +22.6% 4.16% +0.54
HSBC HSBC Holdings PLC-Spons ADR Add +43.0% 1.71% +0.52
EQNR Equinor ASA-Spon ADR Add +100.8% 1.24% +0.50
BRY Berry Corp. New 0.48% +0.48
KWEB Kranesh Csi China Internet Add +311.6% 0.57% +0.44
SHEL Shell PLC-ADR Add +72.0% 1.27% +0.43
AMT American Tower Corp. New 0.40% +0.40
NGG National Grid PLC-SP ADR Add +55.0% 1.71% +0.40
DEO Diageo PLC-Sponsored ADR Add +35.5% 3.94% +0.37
NUE Nucor Corp. New 0.37% +0.37
HIG Hartford Insurance Group Inc. New 0.36% +0.36
KKR KKR & Co. Inc. New 0.34% +0.34
ASML ASML Holding NV-NY Reg SHS New 0.33% +0.33
PRU Prudential Financial Inc. New 0.33% +0.33
KEY Keycorp New 0.33% +0.33
GSK GSK PLC-Spon ADR New 0.33% +0.33
GTLS Chart Industries Inc. New 0.32% +0.32
CMS CMS Energy Corp. New 0.31% +0.31
TXNM TXNM Energy Inc. New 0.31% +0.31
KMI Kinder Morgan Inc. New 0.31% +0.31
PSO Pearson PLC-Sponsored ADR New 0.30% +0.30
EOG EOG Resources Inc. New 0.30% +0.30
MLM Martin Marietta Materials New 0.29% +0.29
SLB SLB Ltd. New 0.29% +0.29
MRSH Marsh & McLennan Cos New 0.28% +0.28
AMP Ameriprise Financial Inc. New 0.26% +0.26
LOW Lowe's Cos Inc. Add +110.4% 0.49% +0.25

Notes & Other Activity Q2 2025 → Q3 2025
AVPTW Avepoint Inc.-CW24 *W EXP 09/18/202 Sold out 20,887 $162Kbefore exit
ABLLW East Resources Acquis -CW27 *W EXP 06/30/202 Sold out 144,523 $162Kbefore exit
LGL.WS LGL Group Inc./the -CW25 *W EXP 11/16/202 New 47,147 $15K

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