Alberta Investment Management Corp

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 17, 2026), Alberta Investment Management Corp reported 399 stock positions worth $12.4 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 28.4% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 13.0%) and Vanguard S&P 500 ETF (VOO, 7.9%). Compared with Q2 2025, it opened 95 new positions, sold out of 167, added to 90 and reduced 94. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +13%) and the biggest sale Royal Bank of Canada (RY, shares −25%).

Most Recent 13F
Q2 2026
Location
EDMONTON, A0
CIK
0001463559
Portfolio Value
$12.4B (Q3 2025)
SEC Filing
0001123292-26-000178 ↗ filed Feb 17, 2026

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $9.4B Q1 2024 Q2 2024: $9.0B Q2 2024 Q3 2024: $11.0B Q3 2024 Q4 2024: $14.3B Q4 2024 Q1 2025: $13.9B Q1 2025 Q2 2025: $11.8B Q2 2025 Q3 2025: $12.4B $12.4B Q3 2025 Q4 2025: $15.0B Q4 2025 Q1 2026: $14.6B Q1 2026 Q2 2026: $15.6B Q2 2026

Holdings 399 stocks · $12.4B
IVV iShares Core S&P 500 ETF 28.38% 5,251,658 $3.5B Add +12.8%
SPY SS SPDR S&P 500 ETF Trust-US 12.95% 2,408,030 $1.6B Reduce -2.9%
VOO Vanguard S&P 500 ETF 7.88% 1,594,262 $976.3M Add +39.2%
RY Royal Bank of Canada 2.15% 1,802,887 $265.7M Reduce -24.6%
AEM Agnico Eagle Mines Ltd. 1.59% 1,168,914 $196.8M Reduce -19.4%
TD Toronto-Dominion Bank 1.57% 2,428,500 $194.1M Reduce -22.5%
BN Brookfield Corp. 1.31% 2,364,068 $162.2M Reduce -19.0%
BMO Bank of Montreal filed as BANK MONTREAL QUE 1.17% 1,108,500 $144.4M Reduce -25.2%
ENB Enbridge Inc. 1.13% 2,773,155 $139.9M Reduce -17.9%
GOOGL Alphabet Inc. Class A 0.85% 434,101 $105.5M Reduce -8.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.80% 1,541,200 $99.6M Reduce -27.5%
CVE Cenovus Energy Inc. 0.74% 5,412,600 $91.9M Reduce -1.0%
SEE Sealed Air Corp. 0.72% 2,537,300 $89.7M Add +10.9%
META Meta Platforms Inc. Class A 0.71% 120,200 $88.3M Add +0.2%
SU Suncor Energy Inc. 0.71% 2,104,500 $88.0M Reduce -26.3%
MFC Manulife Financial Corp. 0.69% 2,757,900 $85.9M Reduce -11.5%
CP Canadian Pacific Kansas City 0.68% 1,131,500 $84.3M Reduce -29.5%
CNQ Canadian Natural Resources 0.66% 2,572,800 $82.2M Reduce -35.4%
MCHI iShares MSCI China ETF 0.66% 1,239,380 $81.6M Reduce -23.4%
NVDA Nvidia Corp. 0.59% 393,476 $73.4M Add +12.8%
YUMC Yum China Holdings Inc. 0.57% 1,640,100 $70.4M Reduce -1.7%
CNI Canadian Natl Railway Co. 0.55% 722,600 $68.1M Reduce -29.5%
SLF Sun Life Financial Inc. 0.53% 1,102,300 $66.2M Reduce -15.1%
GIB Cgi Inc. 0.52% 726,300 $64.7M Reduce -2.6%
GIL Gildan Activewear Inc. 0.51% 1,097,696 $63.4M Reduce -9.9%
JBS JBS NV-A 0.51% 4,234,300 $63.2M Add +205.9%
FCNCA First Citizens Bcshs Class A 0.47% 32,476 $58.1M Add +14.4%
LLYVA Liberty Media Corp.-Liberty-A 0.45% 594,000 $56.0M Reduce -33.2%
QSR Restaurant Brands Intern 0.45% 866,100 $55.5M Reduce -19.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.45% 628,000 $55.3M Reduce -7.4%
TRP TC Energy Corp. 0.44% 1,007,338 $54.8M Reduce -38.0%
MSFT Microsoft Corp. 0.44% 105,223 $54.5M Add +4.5%
AAPL Apple Inc. 0.44% 213,100 $54.3M Reduce -13.9%
STN Stantec Inc. 0.43% 494,900 $53.4M Reduce -6.8%
AXP American Express Co. 0.42% 155,000 $51.5M Reduce -11.9%
CIGI Colliers Intl GR-Subord Vot 0.41% 325,200 $50.8M No change
AXS Axis Capital Holdings Ltd. 0.41% 530,000 $50.8M No change
CHRW C.H. Robinson Worldwide Inc. 0.40% 377,075 $49.9M Reduce -24.4%
TECK Teck Resources Ltd.-CLS B 0.40% 1,136,246 $49.8M Reduce -40.6%
GILD Gilead Sciences Inc. 0.40% 442,000 $49.1M Reduce -9.5%
SHOP Shopify Inc. Class A 0.38% 314,200 $46.7M Reduce -60.9%
RTO Rentokil Initial PLC-SP ADR 0.37% 1,794,900 $45.3M No change
VSTS Vestis Corp. 0.35% 9,692,000 $43.9M No change
BUD Anheuser-Busch Inbev-SPN ADR 0.35% 730,000 $43.5M Add +30.4%
WTW Willis Towers Watson PLC 0.35% 125,000 $43.2M No change
FRPT Freshpet Inc. 0.34% 759,600 $41.9M New
CFR Cullen/Frost Bankers Inc. 0.34% 330,000 $41.8M Add +10.0%
MAN Manpowergroup Inc. 0.32% 1,059,100 $40.1M Add +772.9%
SPB Spectrum Brands Holdings Inc. 0.32% 751,469 $39.5M No change
MEOH Methanex Corp. 0.32% 992,000 $39.4M Add +21.4%
CNC Centene Corp. 0.31% 1,075,000 $38.4M Add +22.1%
GFL GFL Environmental Inc.-Sub VT 0.29% 770,000 $36.5M Reduce -16.9%
FTW Eqv Ventures Acquisition C-A 0.29% 3,450,000 $35.8M No change
LEA Lear Corp. 0.29% 355,449 $35.8M No change
NTR Nutrien Ltd. 0.29% 608,300 $35.7M Reduce -33.4%
GEN Gen Digital Inc. 0.29% 1,250,000 $35.5M No change
ATS Ats Corp. 0.28% 1,340,265 $35.1M Add +74.6%
AMZN Amazon.com Inc. 0.28% 159,040 $34.9M Add +3.1%
BAM Brookfield Asset Mgmt-A 0.28% 612,467 $34.8M Reduce -18.6%
SIRI Sirius XM Holdings Inc. 0.28% 1,486,226 $34.6M No change
TXNM TXNM Energy Inc. 0.27% 600,000 $33.9M Add +20.0%
AVGO Broadcom Inc. 0.22% 81,300 $26.8M Add +53.1%
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.21% 2,475,000 $26.1M No change
REXR Rexford Industrial Realty Inc. 0.20% 612,204 $25.2M Add +38.8%
STLA Stellantis NV 0.20% 2,630,000 $24.3M Reduce -5.9%
B Barrick Mining Corp. 0.19% 726,900 $23.9M Reduce -33.5%
ALE Allete Inc. 0.19% 357,202 $23.7M Add +26.6%
KW Kennedy-Wilson Holdings Inc. 0.19% 2,845,077 $23.7M Add +7.3%
GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC 0.19% 630,000 $23.5M Add +2522.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.17% 261,100 $20.9M Reduce -57.6%
LW Lamb Weston Holdings Inc. 0.17% 358,400 $20.8M Reduce -8.5%
TBN Tamboran Resources Corp. 0.17% 758,680 $20.8M No change
FUN Six Flags Entertainment Corp. 0.17% 913,000 $20.7M Add +51.9%
POLE Andretti Acquisition Corp. Class A 0.17% 1,980,000 $20.7M No change
HHH Howard Hughes Holdings Inc. 0.17% 249,000 $20.5M No change
GTEN Gores Holdings X Inc. Class A 0.17% 2,000,000 $20.4M No change
FR First Industrial Realty TR 0.16% 393,302 $20.2M No change
CRM Salesforce Inc. 0.16% 84,500 $20.0M Add +75.7%
INFQ Infleqtion Inc. filed as CHURCHILL CAP CORP X 0.16% 1,500,000 $19.3M New
GOOG Alphabet Inc. Class C 0.15% 75,800 $18.5M Reduce -0.8%
AMH American Homes 4 Rent- A 0.15% 555,000 $18.5M No change
PBA Pembina Pipeline Corp. 0.15% 454,500 $18.4M No change
DLR Digital Realty Trust Inc. 0.15% 106,000 $18.3M No change
VACH Voyager Acquisition Corp. 0.15% 1,750,000 $18.3M No change
MSM MSC Industrial Direct Co. Class A 0.15% 197,500 $18.2M No change
DFIN Donnelley Financial Solution 0.15% 350,000 $18.0M Add +75.0%
KVUE Kenvue Inc. 0.14% 1,106,716 $18.0M Add +23.8%
KGC Kinross Gold Corp. 0.14% 718,600 $17.8M Reduce -23.6%
INFA Informatica Inc. Class A 0.14% 700,000 $17.4M Add +103.8%
GPAT GP-Act III Acquisition-A 0.14% 1,625,000 $17.2M No change
LBRDK Liberty Broadband-C 0.14% 270,000 $17.2M Add +124.8%
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.13% 1,491,431 $16.1M Add +2021.5%
SONY Sony Group Corp. - SP ADR 0.13% 550,000 $15.8M No change
CCIX Churchill Capital Corp. Ix 0.13% 1,500,000 $15.7M No change
BEAG Bold Eagle Acquisition Cor-A 0.13% 1,500,000 $15.6M No change
PMTR Perimeter Acquis Corp. I Class A 0.12% 1,500,000 $15.4M No change
STUB Stubhub Holdings Inc. Class A 0.12% 906,000 $15.3M New
TSLA Tesla Inc. 0.12% 34,200 $15.2M Add +3.0%
MBVIU M3-Brigade Acquisition Vi Co. 0.12% 1,450,000 $14.7M New
CYBR Cyberark Software Ltd./Israel 0.11% 29,212 $14.1M Add +668.7%
EVAC.U Eqv Ventures Acquisition Cor 0.11% 1,400,000 $14.0M New
AQN Algonquin Power & Utilities 0.11% 2,553,200 $13.7M Reduce -19.6%
V Visa Inc. Class A 0.11% 39,500 $13.5M Add +5.3%
CLS Celestica Inc. 0.11% 54,577 $13.4M Reduce -44.9%
ANSC Agriculture & Natural Soluti 0.11% 1,200,000 $13.1M No change
NPAC New Providence Acquisition-A 0.10% 1,250,000 $12.7M No change
HVMCU Highview Merger Corp. 0.10% 1,250,000 $12.7M New
KFII K&F Growth Acquisition Cor-A 0.10% 1,237,500 $12.6M No change
MH McGraw Hill Inc. 0.10% 1,000,000 $12.6M New
FTS Fortis Inc. 0.10% 247,000 $12.5M Reduce -16.5%
KMI Kinder Morgan Inc. 0.10% 440,907 $12.5M No change
NFLX Netflix Inc. 0.10% 10,300 $12.3M Add +0.0%
PAAS Pan American Silver Corp. 0.10% 313,915 $12.2M Add +3.6%
EA Electronic Arts Inc. 0.10% 60,000 $12.1M Add +1704.0%
AEXA American Exceptionalism Class A 0.10% 1,100,000 $12.0M New
MA Mastercard Inc. Class A 0.09% 20,000 $11.4M Add +41.8%
PZZA Papa John's Intl Inc. 0.09% 235,733 $11.4M Add +82.5%
PLTR Palantir Technologies Inc. Class A 0.09% 61,100 $11.1M Add +2082.1%
TLNCU Talon Capital Corp. 0.09% 1,100,000 $11.0M New
OTIS Otis Worldwide Corp. 0.09% 118,400 $10.8M Add +4636.0%
VCIC Vine Hill Capital Class A 0.08% 980,000 $10.5M No change
JENA.U Jena Acquisition Corp. II 0.08% 1,000,000 $10.4M No change
SVACU Spring Valley Acquisition Co. 0.08% 1,000,000 $10.4M New
TONT Graf Global Corp. Class A 0.08% 980,000 $10.3M No change
LPBB Launch Two Acquisition Class A 0.08% 980,000 $10.2M No change
MLAC Mountain Lake Acquisition-A 0.08% 980,000 $10.1M No change
RAC Rithm Acquisition Corp. Class A 0.08% 980,000 $10.0M No change
AACB Artius II Acquisition Inc. Class A 0.08% 980,000 $9.9M No change
LLYVK Liberty Media Corp.-Liberty-C 0.08% 100,000 $9.7M Reduce -47.0%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.08% 150,000 $9.5M New
GE General Electric filed as GE AEROSPACE 0.08% 31,700 $9.5M Reduce -3.1%
RBA RB Global Inc. 0.08% 85,900 $9.3M Add +243.6%
ACI Albertsons Cos Inc. Class A 0.07% 528,300 $9.3M New
LGN Legence Corp. Class A 0.07% 300,000 $9.2M New
CHTR Charter Communications Inc. Class A 0.07% 33,000 $9.1M New
OMC Omnicom Group 0.07% 110,900 $9.0M Reduce -16.1%
NIQ Niq Global Intelligence PLC 0.07% 575,100 $9.0M New
JPM JPMorgan Chase & Co. 0.07% 28,300 $8.9M Add +1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 31,600 $8.9M Add +6.8%
DAVA Endava PLC- Spon ADR 0.07% 950,000 $8.6M Reduce -26.3%
QXO Qxo Inc. 0.07% 450,000 $8.6M No change
ALIT Alight Inc. Class A 0.07% 2,580,000 $8.4M Add +21.4%
WFC Wells Fargo & Co. 0.07% 100,100 $8.4M Add +5.4%
EMA Emera Inc. 0.07% 173,100 $8.3M Add +2.3%
LLY Eli Lilly & Co. 0.07% 10,800 $8.2M Reduce -39.7%
K Kellanova 0.07% 100,000 $8.2M Reduce -50.0%
JELD Jeld-Wen Holding Inc. 0.07% 1,659,000 $8.1M No change
OTEX Open Text Corp. 0.06% 211,600 $7.9M Add +26.9%
LPAA Launch One Acquisition Corp. 0.06% 750,000 $7.9M No change
NHIC Newhold Investment Cor III-A 0.06% 775,000 $7.9M No change
SIMA Sim Acquisition Corp. I-A 0.06% 750,000 $7.9M No change
CCJ Cameco Corp. 0.06% 93,500 $7.8M Reduce -70.4%
APP AppLovin Corp. Class A 0.06% 10,900 $7.8M Add +395.4%
MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR 0.06% 750,000 $7.8M No change
MRK Merck & Co. Inc. 0.06% 91,700 $7.7M Add +0.1%
ATII Archimedes Tech Spac Partner 0.06% 750,000 $7.7M No change
CEPF Cantor Equity Partners Class A 0.06% 750,000 $7.6M New
TMS Teamshares Inc. filed as LIVE OAK ACQUISITION CORP V 0.06% 750,000 $7.6M No change
PAII.U Pyrophyte Acquisition Corp. I 0.06% 750,000 $7.6M New
SZZL Sizzle Acquisition Corp. Class A 0.06% 750,000 $7.6M No change
SOUL Soulpower Acquisition Co. Class A 0.06% 750,000 $7.6M No change
IPCX Inflection Point Acquisiti-A 0.06% 750,000 $7.6M No change
LWACU Lightwave Acquisition Corp. 0.06% 750,000 $7.5M No change
PEP Pepsico Inc. 0.06% 53,000 $7.4M Add +3.3%
QCOM Qualcomm Inc. 0.06% 43,800 $7.3M Reduce -1.6%
BEP Brookfield Renewable Partner 0.06% 281,200 $7.2M Reduce -19.9%
LATAU Galata Acquisition Corp. II 0.06% 725,000 $7.2M New
SCHW Schwab (charles) Corp. 0.06% 75,500 $7.2M Add +4.6%
TXN Texas Instruments Inc. 0.06% 39,100 $7.2M New
ABBV Abbvie Inc. 0.06% 31,000 $7.2M Add +8.4%
SDHI Siddhi Acquisition Corp. Class A 0.06% 700,000 $7.1M No change
UBER Uber Technologies Inc. 0.06% 72,500 $7.1M Reduce -6.0%
BACCU Blue Acquisition Corp. 0.06% 700,000 $7.1M No change
TVAI Thayer Ventures Acquis Class A 0.06% 700,000 $7.0M No change
ACN Accenture PLC Class A 0.06% 28,400 $7.0M New
UBS UBS Group AG-Reg 0.06% 169,993 $6.9M Reduce -36.5%
ADBE Adobe Inc. 0.05% 19,200 $6.8M Add +16.4%
TIXT Telus International Cda Inc. 0.05% 1,500,000 $6.7M Add +669.2%
GPK Graphic Packaging Holding Co. 0.05% 343,200 $6.7M No change
BKNG Booking Holdings Inc. 0.05% 1,200 $6.5M No change
MCK McKesson Corp. 0.05% 8,300 $6.4M Add +18.6%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.05% 102,600 $6.3M No change
CEPO Cantor Equity Partners I-A 0.05% 600,000 $6.3M No change
BIP Brookfield Infrastructure Pa 0.05% 189,550 $6.2M Reduce -39.6%
TDACU Translational Development Ac 0.05% 600,000 $6.2M No change
CEG Constellation Energy 0.05% 18,600 $6.1M New
BX Blackstone Inc. 0.05% 35,500 $6.1M New
GHLD Guild Holdings Co. Class A 0.05% 303,843 $6.1M Add +488.6%
BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I 0.05% 600,000 $6.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 11,900 $6.0M Reduce -7.0%
PCG P G & E Corp. 0.05% 396,000 $6.0M Add +2017.7%
HWM Howmet Aerospace Inc. 0.05% 29,700 $5.8M Add +18.3%
WCN Waste Connections Inc. 0.05% 33,100 $5.8M Reduce -80.4%
DAAQU Digital Asset Acquisition Co. 0.05% 550,000 $5.8M No change
VRT Vertiv Holdings Co. Class A 0.05% 38,200 $5.8M New
STX Seagate Technology Holdings 0.05% 24,400 $5.8M New
ALL Allstate Corp. 0.05% 26,800 $5.8M Add +18.6%
SHCO Soho House & Co. Inc. 0.05% 650,000 $5.8M New
RBLX Roblox Corp. Class A 0.05% 41,500 $5.7M Reduce -21.6%
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD 0.05% 75,000 $5.7M New
DUK Duke Energy Corp. 0.05% 46,200 $5.7M No change
TER Teradyne Inc. 0.05% 41,500 $5.7M Reduce -21.6%
HCMAU HCM III Acquisition Corp. 0.05% 550,000 $5.7M New
DELL Dell Technologies -C 0.05% 39,900 $5.7M Add +31.3%
RAAQ Real Asset Acquisiti Class A 0.04% 550,000 $5.6M No change
PNC PNC Financial Services Group 0.04% 27,500 $5.5M Reduce -5.8%
PG The Procter & Gamble Co. 0.04% 35,900 $5.5M Add +10.5%
DASH DoorDash Inc. Class A 0.04% 20,200 $5.5M Reduce -17.2%
FCX Freeport-McMoran Inc. 0.04% 140,000 $5.5M New
ZTS Zoetis Inc. 0.04% 37,100 $5.4M New
FISV Fiserv Inc. 0.04% 42,100 $5.4M Add +979.5%
SE Sea Ltd.-ADR 0.04% 30,300 $5.4M Add +1.7%
PGR Progressive Corp. 0.04% 21,800 $5.4M Add +27.5%
ALNY Alnylam Pharmaceuticals Inc. 0.04% 11,700 $5.3M New
CVNA Carvana Co. 0.04% 14,100 $5.3M New
EW Edwards Lifesciences Corp. 0.04% 68,300 $5.3M New
CMG Chipotle Mexican Grill Inc. 0.04% 134,014 $5.3M Add +423.5%
OACC Oaktree Acquisition Corp. I-A 0.04% 500,000 $5.2M No change
HBM Hudbay Minerals Inc. 0.04% 345,400 $5.2M Add +57.3%
AFL Aflac Inc. 0.04% 46,700 $5.2M No change
EBAY eBay Inc. 0.04% 57,200 $5.2M New
DYNC Dynamix Corp. 0.04% 499,457 $5.2M Reduce -0.1%
VST Vistra Corp. 0.04% 26,500 $5.2M New
CAEP Cantor Equity Partners III-A 0.04% 500,000 $5.2M No change
PLMK Plum Acquisition Corp. IV 0.04% 500,000 $5.2M No change
EQT Eqt Corp. 0.04% 94,700 $5.2M New
SVCC Stellar V Capital Corp. Class A 0.04% 500,000 $5.2M No change
SOBO South Bow Corp. 0.04% 182,028 $5.1M Add +22.7%
NXPI NXP Semiconductors NV 0.04% 22,600 $5.1M Add +39.5%
BLZRU Trailblazer Acquisition Corp. 0.04% 500,000 $5.1M New
SPG Simon Property Group Inc. 0.04% 27,300 $5.1M No change
FERA Fifth Era Acquisition Corp. Class A 0.04% 500,000 $5.1M No change
RMD Resmed Inc. 0.04% 18,600 $5.1M Reduce -0.5%
ITW Illinois Tool Works 0.04% 19,500 $5.1M No change
TGT Target Corp. 0.04% 56,600 $5.1M Add +22.5%
GSHR Gesher Acquisition Corp. II-A 0.04% 500,000 $5.1M No change
TACH Titan Acquisition Corp. Class A 0.04% 500,000 $5.1M No change
KOYNU CSLM Digital Asset Acquisiti 0.04% 500,000 $5.0M New
SOCAU Solarius Capital Acquisition 0.04% 500,000 $5.0M New
AXINU Axiom Intelligence Acquisiti 0.04% 500,000 $5.0M No change
CBRE CBRE Group Inc. Class A 0.04% 31,900 $5.0M New
OBAWU Oxley Bridge Acquisition Ltd. 0.04% 500,000 $5.0M No change
PACHU Pioneer Acquisition I Corp. 0.04% 500,000 $5.0M No change
CTVA Corteva Inc. 0.04% 74,200 $5.0M New
CHECU Chenghe Acquisition III Co. 0.04% 500,000 $5.0M New
APTV Aptiv PLC 0.04% 56,900 $4.9M New
NRG NRG Energy Inc. 0.04% 30,100 $4.9M New
DAY Dayforce Inc. 0.04% 70,000 $4.8M New
WSM Williams-Sonoma Inc. 0.04% 24,600 $4.8M Reduce -9.9%
FICO Fair Isaac Corp. 0.04% 3,200 $4.8M Add +18.5%
CAT Caterpillar Inc. 0.04% 10,000 $4.8M Reduce -47.4%
DG Dollar General Corp. 0.04% 46,100 $4.8M New
HUM Humana Inc. 0.04% 18,200 $4.7M New
TMUS T-Mobile US Inc. 0.04% 19,700 $4.7M No change
MKC McCormick & Co.-Non VTG SHRS 0.04% 70,200 $4.7M Add +143.8%
WAT Waters Corp. 0.04% 15,600 $4.7M New
PYPL PayPal Holdings Inc. 0.04% 69,600 $4.7M Reduce -1.8%
VRSK Verisk Analytics Inc. 0.04% 18,500 $4.7M New
AER Aercap Holdings NV 0.04% 38,300 $4.6M Add +142.4%
TDG Transdigm Group Inc. 0.04% 3,500 $4.6M No change
ELS Equity Lifestyle Properties 0.04% 75,700 $4.6M Add +311.4%
BAH Booz Allen Hamilton Holdings 0.04% 45,600 $4.6M Add +198.0%
ERIE Erie Indemnity Company Class A 0.04% 14,300 $4.5M Add +24.4%
BLK BlackRock Inc. 0.04% 3,900 $4.5M New
HAYMAKER ACQUISITION CORP 4 0.04% 400,000 $4.5M No change
SAND Sandstorm Gold Ltd. 0.04% 360,846 $4.5M Add +149.2%
PODD Insulet Corp. 0.04% 14,500 $4.5M New
T AT&T Inc. 0.04% 158,400 $4.5M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.04% 68,860 $4.5M No change
GDDY GoDaddy Inc. Class A 0.04% 32,300 $4.4M Add +48.9%
WPM Wheaton Precious Metals Corp. 0.04% 39,000 $4.4M Reduce -87.9%
LEGT Legato Merger Corp. III 0.03% 400,000 $4.3M No change
BMRN Biomarin Pharmaceutical Inc. 0.03% 78,500 $4.3M Add +7.2%
PCAPU Procap Acquisition Corp. 0.03% 400,000 $4.2M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.03% 28,100 $4.2M New
OYSEU Oyster Enterprises II Acquis 0.03% 400,000 $4.1M No change
CRAQU Cal Redwood Acquisition Corp. 0.03% 400,000 $4.1M No change
Z Zillow Group Inc. Class C 0.03% 52,800 $4.1M Reduce -13.7%
FIGXU Figx Capital Acquisition Cor 0.03% 400,000 $4.0M No change
NVR NVR Inc. 0.03% 500 $4.0M New
FSV Firstservice Corp. 0.03% 21,000 $4.0M Reduce -13.6%
LNG Cheniere Energy Inc. 0.03% 17,000 $4.0M No change
TOST Toast Inc. Class A 0.03% 108,900 $4.0M Add +8.7%
BBU Brookfield Business PT-Unit 0.03% 120,514 $3.9M New
FDS Factset Research Systems Inc. 0.03% 13,500 $3.9M New
LII Lennox International Inc. 0.03% 7,300 $3.9M New
STZ Constellation Brands Inc. Class A 0.03% 28,600 $3.9M New
RACE Ferrari NV 0.03% 7,600 $3.7M Reduce -26.2%
UPS United Parcel Service Class B 0.03% 43,700 $3.7M No change
ROL Rollins Inc. 0.03% 61,100 $3.6M No change
RDAG Republic Digital Acquis Class A 0.03% 350,000 $3.6M No change
KDP Keurig Dr Pepper Inc. 0.03% 139,800 $3.6M New
ABT Abbott Laboratories 0.03% 26,400 $3.5M Add +15.8%
FAC Factorial Energy Inc. filed as CARTESIAN GROWTH CORP III 0.03% 350,000 $3.5M No change
EGHA Egh Acquisition Co. Class A 0.03% 350,000 $3.5M No change
JNJ Johnson & Johnson 0.03% 18,700 $3.5M No change
NGD New Gold Inc. 0.03% 480,000 $3.4M New
MACI Melar Acquisition Corp. I-A 0.03% 325,000 $3.4M No change
RGLD Royal Gold Inc. 0.03% 16,930 $3.4M New
ELV Elevance Health Inc. 0.03% 10,500 $3.4M New
WFRD Weatherford International PL 0.03% 49,200 $3.4M New
KLAC KLA Corp. 0.03% 3,100 $3.3M New
HAL Halliburton Co. 0.03% 135,800 $3.3M New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 97,000 $3.3M New
ORCL Oracle Corp. 0.03% 11,600 $3.3M Add +480.0%
DB Deutsche Bank AG-Registered 0.03% 91,546 $3.2M Reduce -39.2%
CSX CSX Corp. 0.03% 89,470 $3.2M New
CI The Cigna Group 0.03% 11,000 $3.2M New
CEPT Cantor Equity Partners Class A 0.03% 300,000 $3.2M Add +11.2%
GD General Dynamics Corp. 0.03% 9,212 $3.1M New
XOM Exxon Mobil Corp. 0.03% 27,682 $3.1M Reduce -54.2%
CTAS Cintas Corp. 0.02% 14,900 $3.1M No change
DLTR Dollar Tree Inc. 0.02% 32,300 $3.0M Add +615.5%
MAS Masco Corp. 0.02% 43,200 $3.0M No change
GM General Motors Co. 0.02% 49,690 $3.0M New
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.02% 27,860 $3.0M New
WMT Walmart Inc. 0.02% 29,200 $3.0M Reduce -15.6%
HPQ HP Inc. 0.02% 106,900 $2.9M Add +11.2%
LKQ LKQ Corp. 0.02% 95,040 $2.9M No change
LIN Linde PLC 0.02% 6,100 $2.9M No change
MPC Marathon Petroleum Corp. 0.02% 15,000 $2.9M New
RTACU Renatus Tactical Acquisition 0.02% 250,000 $2.9M No change
RCL Royal Caribbean Cruises Ltd. 0.02% 8,800 $2.8M Reduce -19.3%
WSO Watsco Inc. 0.02% 7,000 $2.8M No change
TTAM Titan America SA 0.02% 185,000 $2.8M Reduce -33.9%
SPOT Spotify Technology SA 0.02% 3,900 $2.7M Reduce -68.8%
NXE Nexgen Energy Ltd. 0.02% 301,000 $2.7M No change
FFIV F5 Inc. 0.02% 8,200 $2.7M Add +173.3%
ALDF Aldel Financial II Inc. 0.02% 250,581 $2.6M No change
WENNU Wen Acquisition Corp. 0.02% 250,000 $2.6M No change
TACO Berto Acquisition Corp. 0.02% 250,000 $2.6M No change
FACT Fact II Acquisition Corp. 0.02% 250,000 $2.6M No change
IP International Paper Co. 0.02% 54,200 $2.5M New
DHR Danaher Corp. 0.02% 12,000 $2.4M No change
FSM Fortuna Mining Corp. 0.02% 264,300 $2.4M Add +251.0%
SO The Southern Co. 0.02% 24,600 $2.3M Reduce -60.1%
VNMEU Vendome Acquisition Corp. I 0.02% 230,000 $2.3M New
PDD PDD Holdings Inc. 0.02% 17,300 $2.3M Reduce -76.9%
EGO Eldorado Gold Corp. 0.02% 77,800 $2.2M Add +12.6%
BBY Best Buy Co. Inc. 0.02% 29,300 $2.2M Reduce -17.9%
EOG EOG Resources Inc. 0.02% 19,500 $2.2M Add +254.6%
GAU Galiano Gold Inc. 0.02% 1,000,000 $2.2M New
CCL Carnival Corp. 0.02% 74,800 $2.2M New
CVX Chevron Corp. 0.02% 13,700 $2.1M No change
CCIIU Cohen Circle Acquisition Cor 0.02% 200,000 $2.1M New
TRGP Targa Resources Corp. 0.02% 12,200 $2.0M No change
COST Costco Wholesale Corp. 0.02% 2,200 $2.0M Reduce -58.5%
FNV Franco-Nevada Corp. 0.02% 9,100 $2.0M Reduce -93.4%
HD Home Depot Inc. 0.02% 4,800 $1.9M Add +2.1%
CMS CMS Energy Corp. 0.01% 23,900 $1.8M No change
CCK Crown Holdings Inc. 0.01% 17,900 $1.7M No change
TGNA Tegna Inc. 0.01% 79,425 $1.6M New
DKNG Draftkings Inc. Class A 0.01% 43,000 $1.6M New
AMAT Applied Materials Inc. 0.01% 7,800 $1.6M No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.01% 9,000 $1.6M Add +50.0%
AU Anglogold Ashanti PLC 0.01% 22,200 $1.6M Reduce -56.1%
SEG Seaport Entertainment Group 0.01% 66,352 $1.5M No change
MRC MRC Global Inc. 0.01% 102,000 $1.5M New
MSI Motorola Solutions Inc. 0.01% 2,900 $1.3M No change
GRTUF Granite Real Estate Investme 0.01% 23,500 $1.3M Reduce -53.9%
SII Sprott Inc. 0.01% 15,700 $1.3M New
KO The Coca-Cola Co. 0.01% 18,900 $1.3M Add +145.4%
MNDY Monday.com Ltd. 0.01% 6,400 $1.2M Add +64.1%
TME Tencent Music Entertainm-ADR 0.01% 50,400 $1.2M Reduce -50.6%
HOUS Anywhere Real Estate Inc. 0.01% 110,535 $1.2M New
CMCSA Comcast Corp. Class A 0.01% 35,700 $1.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 21,000 $1.1M No change
AON Aon PLC Class A 0.01% 3,000 $1.1M New
GLIBA Liberty Capital Corp. filed as GCI LIBERTY INC 0.01% 25,113 $943K New
AWK American Water Works Co. Inc. 0.01% 6,700 $933K New
UNP Union Pacific Corp. 0.01% 3,800 $898K Reduce -15.6%
FIS Fidelity National Info Serv 0.01% 13,600 $897K New
DOCU Docusign Inc. 0.01% 12,200 $879K New
YEXT Yext Inc. 0.01% 100,000 $852K New
WAB Wabtec Corp. 0.01% 4,200 $842K New
AKAM Akamai Technologies Inc. 0.01% 10,300 $780K No change
BZ Kanzhun Ltd. - ADR 0.01% 33,200 $776K Reduce -17.8%
BURL Burlington Stores Inc. 0.01% 3,000 $764K New
CAE Cae Inc. 0.01% 24,400 $722K Reduce -88.8%
CDE Coeur Mining Inc. 0.01% 37,331 $700K No change
AG First Majestic Silver Corp. 0.01% 57,000 $700K Reduce -76.0%
FDX FedEx Corp. 0.00% 2,500 $590K Reduce -93.4%
ZURA Zura Bio Ltd. 0.00% 133,200 $577K No change
SSRM SSR Mining Inc. 0.00% 23,000 $561K Reduce -83.9%
CLX Clorox Company 0.00% 4,400 $543K Reduce -86.5%
WT Wisdomtree Inc. 0.00% 34,634 $481K No change
APD Air Products & Chemicals Inc. 0.00% 1,700 $464K No change
VIPS Vipshop Holdings Ltd. - ADR 0.00% 22,100 $434K Reduce -55.3%
AES AES Corp. 0.00% 31,800 $418K No change
ILMN Illumina Inc. 0.00% 4,000 $380K New
DXCM Dexcom Inc. 0.00% 5,200 $350K New
ZTO Zto Express Cayman Inc.-ADR 0.00% 18,000 $346K Reduce -69.0%
PAYX Paychex Inc. 0.00% 2,600 $330K New
UNH Unitedhealth Group Inc. 0.00% 900 $311K Reduce -98.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.00% 17,900 $287K New
HEI.A Heico Corp. Class A 0.00% 1,100 $279K No change
FCRS.U Futurecrest Acquisition Corp. 0.00% 25,000 $265K New
ONCHU 1RT Acquisition Corp. 0.00% 25,000 $262K New
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.00% 5,700 $221K New

Options reported separately and not counted above: SPY puts ($199.9M), RKT puts ($2.1M).

Other holdings (105): bonds, preferreds, convertibles and warrants · $1.4B (not counted above)
SecurityClassShares / PrincipalValueChange
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 45,000,000$144.1MAdd +50.0%
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 30,000,000$134.3MNo change
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 40,000,000$96.6MAdd +14.3%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 32,500,000$93.2MAdd +18.2%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 42,500,000$68.9MAdd +13.3%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 35,000,000$49.3MAdd +40.0%
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 33,500,000$46.4MNo change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 25,000,000$46.0MNew
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal 22,500,000$42.6MNo change
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal 27,500,000$41.8MNew
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 25,000,000$41.3MNo change
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal 30,000,000$38.5MNo change
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 32,500,000$37.4MAdd +62.5%
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal 27,000,000$36.4MAdd +12.5%
CNX RESOURCES CORP (CNX 2.25 05/01/26) NOTE 2.250% 5/0 · principal 14,500,000$36.3MNo change
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 21,000,000$34.2MNew
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal 30,000,000$33.7MAdd +9.1%
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal 22,000,000$31.8MNew
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 30,000,000$29.6MAdd +33.3%
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 25,000,000$28.5MNo change
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 25,000,000$26.9MNo change
SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) NOTE 3.750% 3/1 · principal 25,000,000$26.2MNo change
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 400,000$23.6MNo change
SPECTRUM BRANDS INC (SPB 3.375 06/01/29) NOTE 3.375% 6/0 · principal 25,000,000$23.3MNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 16,500,000$21.9MNo change
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) NOTE 4.750%10/1 · principal 10,000,000$19.3MNo change
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD 300,000$16.5MNo change
JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) NOTE 2.500% 9/0 · principal 15,000,000$15.6MNew
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal 12,500,000$15.5MNew
WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) NOTE 3.250% 6/1 · principal 10,000,000$12.9MNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 175,000$12.3MNo change
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 300,000$11.8MNo change
EVOLENT HEALTH INC DEBT 4.500% 8/1 · principal 10,000,000$10.0MNew
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal 10,000,000$9.7MNo change
BLACKBERRY LTD (BBCN 3 02/15/29) NOTE 3.000% 2/1 · principal 5,000,000$7.4MNo change
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 5,000,000$6.2MNo change
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 100,000$5.2MReduce -66.7%
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 660,000$2.7MNew
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 1,237,500$1.5MNo change
INFQ.WS Churchill Capital Corp. X *W EXP 05/14/203 375,000$1.3MNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 850,000$905KNew
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 490,000$784KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 1,150,000$575KNo change
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 250,000$528KNo change
BACQR Inflection Point Acquisition RIGHT 11/04/2026 750,000$510KNo change
PMTRW Perimeter Acquis Corp. I -30 *W EXP 05/13/203 750,000$450KNo change
BEAGR Bold Eagle Acquisition Corp. RIGHT 10/11/2029 1,500,000$405KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 300,000$390KNo change
GTENW Gores Holdings X Inc.-31 *W EXP 05/02/203 500,000$380KNo change
IPCXR Inflection Point Acquisition RIGHT 04/25/2030 750,000$330KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 600,000$312KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 375,000$293KNo change
AACBR Artius II Acquisition Inc. RIGHT 11/27/2029 980,000$235KNo change
RAC.WS Rithm Acquisition Corp. - 30 *W EXP 99/99/999 326,666$216KNo change
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 812,500$211KNo change
CRMLW Critical Metals Corp.-28 *W EXP 02/27/202 100,000$210KNo change
TMSWW Live Oak Acquisition Co.-CW29 *W EXP 99/99/999 375,000$203KNo change
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 990,000$198KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 1,237,500$186KNo change
NPACW New Providence Acq A -CW28 *W EXP 04/24/203 416,666$183KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 490,000$181KNo change
BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 700,000$174KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 490,000$162KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 600,000$161KNo change
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 875,000$149KNo change
MLACR Mountain Lake Acquisition Co. RIGHT 11/15/2028 980,000$147KNo change
SDHIR Siddhi Acquisition Corp. RIGHT 09/15/2029 700,000$147KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 375,000$146KNo change
SOULPOWER ACQUISITION CORP RIGHT 99/99/9999 750,000$143KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 387,500$140KNo change
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 375,000$139KNo change
SZZLR Sizzle Acquisition Corp. -RTS RIGHT 04/02/2030 750,000$135KNo change
FERAR Fifth Era Acquisition Corp. I RIGHT 02/21/2030 500,000$133KNo change
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 200,000$126KNo change
RAAQW REAL ASSET AQC Corp -30 *W EXP 04/24/203 275,000$124KNo change
TVAIR Thayer Ventures Acquisition RIGHT 05/15/2030 700,000$119KNo change
BGLWW Blue Gold Ltd. *W EXP 04/01/203 250,000$114KNew
RDAGW Republic Digital Acqu - 30 *W EXP 05/01/203 175,000$114KNo change
DMYYW DMY Squared Technology GR-27 *W EXP 99/99/999 62,500$111KNo change
FLDDW Fold Holdings Inc. -23 *W EXP 02/14/203 200,000$100KNo change
AIRJW Power & Digital Acq -CW24 *W EXP 03/15/202 125,000$94KNo change
SVCCW Stellar V Capital Corp.-Class-29 *W EXP 10/15/202 250,000$87KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 125,000$84KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 250,000$84KNo change
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 375,000$83KNo change
TACHW Titan Acquisition Corp -30 *W EXP 05/16/203 250,000$75KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 100,000$75KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 200,000$74KNo change
EGHAR Egh Acquisition Corp.-RTS RIGHT 99/99/9999 350,000$74KNo change
ALDFW Aldel Financial II Inc. - 29 *W EXP 09/26/203 125,290$68KNo change
PLMKW Plum Acquisition Corp. IV-30 *W EXP 08/19/202 250,000$68KNo change
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 225,000$63KNo change
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 300,000$55KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 75,000$45KNo change
FACWW Cartesian Growth Corp. -30 *W EXP 05/02/203 175,000$44KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 100,000$40KNo change
SLND.WS Legato Merger Corp. II -CW23 *W EXP 02/14/202 200,000$39KNo change
FACTW Fact II Acquisition Corp. -29 *W EXP 11/26/203 125,000$35KNo change
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 162,500$25KNo change
NAMMW Namib Minerals *W EXP 06/05/203 141,065$20KNo change
CPTWF Captivision Inc.-28 *W EXP 11/15/202 250,000$10KNo change
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 50,000$9KNo change
ARKOW Arko Corp. -CW25 *W EXP 12/22/202 840,998$8KNo change
VSEEW Digital Health Acquist-CW23 *W EXP 99/99/999 250,000$4KNo change
SCAGW Scage Future -30 *W EXP 05/15/203 35,677$2KNew

Total filed on the 13F, all lines: $13.8B.

Portfolio Sells Q2 2025 → Q3 2025
RY Royal Bank of Canada Reduce -24.6% 2.15% −0.53
SHOP Shopify Inc. Class A Reduce -60.9% 0.38% −0.41
CP Canadian Pacific Kansas City Reduce -29.5% 0.68% −0.40
CNQ Canadian Natural Resources Reduce -35.4% 0.66% −0.40
TD Toronto-Dominion Bank Reduce -22.5% 1.57% −0.39
BLCO Bausch + Lomb Corp. Sold out 0.00% −0.36
CNI Canadian Natl Railway Co. Reduce -29.5% 0.55% −0.36
TECK Teck Resources Ltd.-CLS B Reduce -40.6% 0.40% −0.25
TRP TC Energy Corp. Reduce -38.0% 0.44% −0.23
BMO Bank of Montreal Reduce -25.2% 1.17% −0.23
BN Brookfield Corp. Reduce -19.0% 1.31% −0.23
WCN Waste Connections Inc. Reduce -80.4% 0.05% −0.22
WPM Wheaton Precious Metals Corp. Reduce -87.9% 0.04% −0.21
CM Can Imperial BK of Commerce Reduce -57.6% 0.17% −0.20
SLF Sun Life Financial Inc. Reduce -15.1% 0.53% −0.20
SU Suncor Energy Inc. Reduce -26.3% 0.71% −0.20
BNS Bank of Nova Scotia Reduce -27.5% 0.80% −0.19
UNH Unitedhealth Group Inc. Reduce -98.8% 0.00% −0.19
FNV Franco-Nevada Corp. Reduce -93.4% 0.02% −0.18
AZEK The Azek Co. Inc. Sold out 0.00% −0.17
ENB Enbridge Inc. Reduce -17.9% 1.13% −0.17
OVV Ovintiv Inc. Sold out 0.00% −0.17
TRI Thomson Reuters Corp. Sold out 0.00% −0.17
NTR Nutrien Ltd. Reduce -33.4% 0.29% −0.16
QSR Restaurant Brands Intern Reduce -19.1% 0.45% −0.15
MFC Manulife Financial Corp. Reduce -11.5% 0.69% −0.15
LLYVA Liberty Media Corp.-Liberty-A Reduce -33.2% 0.45% −0.15
GIB Cgi Inc. Reduce -2.6% 0.52% −0.14
HES Hess Corp. Sold out 0.00% −0.14
TU Telus Corp. Sold out 0.00% −0.14
NWSA News Corp. Class A Sold out 0.00% −0.14
LILAK Liberty Latin Americ Class C Sold out 0.00% −0.14
CCJ Cameco Corp. Reduce -70.4% 0.06% −0.14
SPHR Sphere Entertainment Co. Sold out 0.00% −0.13
FYBR Frontier Communications Pare Sold out 0.00% −0.13
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.12
MAG Mag Silver Corp. Sold out 0.00% −0.11
GFL GFL Environmental Inc.-Sub VT Reduce -16.9% 0.29% −0.10
CNNE Cannae Holdings Inc. Sold out 0.00% −0.10
EFA iShares MSCI Eafe ETF Sold out 0.00% −0.10
BCE Bce Inc. Sold out 0.00% −0.10
MCHI iShares MSCI China ETF Reduce -23.4% 0.66% −0.10
DAVA Endava PLC- Spon ADR Reduce -26.3% 0.07% −0.10
SKX Skechers USA Inc. Class A Sold out 0.00% −0.10
WOW Wideopenwest Inc. Sold out 0.00% −0.09
IMO Imperial Oil Ltd. Sold out 0.00% −0.08
MGA Magna International Inc. Sold out 0.00% −0.08
BAM Brookfield Asset Mgmt-A Reduce -18.6% 0.28% −0.07
K Kellanova Reduce -50.0% 0.07% −0.07
FDX FedEx Corp. Reduce -93.4% 0.00% −0.07

Portfolio Buys Q2 2025 → Q3 2025
IVV iShares Core S&P 500 ETF Add +12.8% 28.38% +3.83
VOO Vanguard S&P 500 ETF Add +39.2% 7.88% +2.36
JBS JBS NV-A Add +205.9% 0.51% +0.34
FRPT Freshpet Inc. New 0.34% +0.34
MAN Manpowergroup Inc. Add +772.9% 0.32% +0.28
GLIBK Liberty Capital Corp. Class C Add +2522.8% 0.19% +0.18
INFQ Infleqtion Inc. New 0.16% +0.16
NVDA Nvidia Corp. Add +12.8% 0.59% +0.12
ORLA Orla Mining Ltd. Add +2021.5% 0.13% +0.12
STUB Stubhub Holdings Inc. Class A New 0.12% +0.12
SEE Sealed Air Corp. Add +10.9% 0.72% +0.12
MBVIU M3-Brigade Acquisition Vi Co. New 0.12% +0.12
EVAC.U Eqv Ventures Acquisition Cor New 0.11% +0.11
HVMCU Highview Merger Corp. New 0.10% +0.10
MH McGraw Hill Inc. New 0.10% +0.10
CYBR Cyberark Software Ltd./Israel Add +668.7% 0.11% +0.10
AEXA American Exceptionalism Class A New 0.10% +0.10
EA Electronic Arts Inc. Add +1704.0% 0.10% +0.09
AVGO Broadcom Inc. Add +53.1% 0.22% +0.09
TLNCU Talon Capital Corp. New 0.09% +0.09
MEOH Methanex Corp. Add +21.4% 0.32% +0.09
PLTR Palantir Technologies Inc. Class A Add +2082.1% 0.09% +0.09
OTIS Otis Worldwide Corp. Add +4636.0% 0.09% +0.09
SVACU Spring Valley Acquisition Co. New 0.08% +0.08
AL Sumisho Air Lease Corp. New 0.08% +0.08
ATS Ats Corp. Add +74.6% 0.28% +0.08
ACI Albertsons Cos Inc. Class A New 0.07% +0.07
LGN Legence Corp. Class A New 0.07% +0.07
CHTR Charter Communications Inc. Class A New 0.07% +0.07
NIQ Niq Global Intelligence PLC New 0.07% +0.07
REXR Rexford Industrial Realty Inc. Add +38.8% 0.20% +0.07
INFA Informatica Inc. Class A Add +103.8% 0.14% +0.07
CEPF Cantor Equity Partners Class A New 0.06% +0.06
PAII.U Pyrophyte Acquisition Corp. I New 0.06% +0.06
LATAU Galata Acquisition Corp. II New 0.06% +0.06
TXN Texas Instruments Inc. New 0.06% +0.06
APP AppLovin Corp. Class A Add +395.4% 0.06% +0.06
ACN Accenture PLC Class A New 0.06% +0.06
RBA RB Global Inc. Add +243.6% 0.08% +0.05
CRM Salesforce Inc. Add +75.7% 0.16% +0.05
CEG Constellation Energy New 0.05% +0.05
BX Blackstone Inc. New 0.05% +0.05
TIXT Telus International Cda Inc. Add +669.2% 0.05% +0.05
VRT Vertiv Holdings Co. Class A New 0.05% +0.05
STX Seagate Technology Holdings New 0.05% +0.05
SHCO Soho House & Co. Inc. New 0.05% +0.05
WNS WNS Holdings Ltd. New 0.05% +0.05
PCG P G & E Corp. Add +2017.7% 0.05% +0.05
HCMAU HCM III Acquisition Corp. New 0.05% +0.05
FCX Freeport-McMoran Inc. New 0.04% +0.04

Options Activity Q2 2025 → Q3 2025
RKT Rocket Cos Inc. Class A put New 110,000 $2.1M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Add +50.0% 45,000,000 $144.1M
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal Add +14.3% 40,000,000 $96.6M
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Add +18.2% 32,500,000 $93.2M
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Add +13.3% 42,500,000 $68.9M
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal Add +40.0% 35,000,000 $49.3M
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal New 25,000,000 $46.0M
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal New 27,500,000 $41.8M
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal Add +62.5% 32,500,000 $37.4M
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal Add +12.5% 27,000,000 $36.4M
VERTEX INC (VERX 0.75 05/01/29) NOTE 0.750% 5/0 · principal Sold out 30,000,000 $35.6Mbefore exit
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal New 21,000,000 $34.2M
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal Add +9.1% 30,000,000 $33.7M
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal New 22,000,000 $31.8M
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal Add +33.3% 30,000,000 $29.6M
JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) NOTE 2.500% 9/0 · principal New 15,000,000 $15.6M
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal New 12,500,000 $15.5M
EVOLENT HEALTH INC DEBT 4.500% 8/1 · principal New 10,000,000 $10.0M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Reduce -66.7% 100,000 $5.2M
KYIVW Kyivstar Group Ltd. -30 *W EXP 08/14/203 New 660,000 $2.7M
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 Sold out 850,000 $935Kbefore exit
KDKRW Ares Acquisition Corp. II-28 *W EXP 09/25/203 New 850,000 $905K
BGLWW Blue Gold Ltd. *W EXP 04/01/203 New 250,000 $114K
SCAGW Scage Future -30 *W EXP 05/15/203 New 35,677 $2K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 463$15.6BIVV, VOO, TD, RY, SPY
Q1 2026 411$14.6BIVV, VOO, CNQ, TD, RY
Q4 2025Amended 609$15.0BIVV, VOO, SPY, RY, TD
Q3 2025Amended 399$12.4BIVV, SPY, VOO, RY, AEM
Q2 2025Amended 471$11.8BIVV, SPY, VOO, RY, TD
Q1 2025 700$13.9BIVV, SPY, RY, TD, BN
Q4 2024 747$14.3BIVV, SPY, RY, BN, TD
Q3 2024 713$11.0BIVV, SPY, RY, TD, BN
Q2 2024 647$9.0BIVV, SPY, RY, CNQ, SU
Q1 2024 959$9.4BIVV, RY, TD, SU, CNQ