Ameriprise Financial Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Ameriprise Financial Inc. reported 3,914 stock positions worth $433.7 billion. Its top holding was Nvidia (NVDA) at 4.1% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Apple (AAPL, 2.7%). Compared with Q2 2025, it opened 227 new positions, sold out of 138, added to 1,565 and reduced 2,093. The biggest buy was Apple (AAPL, shares +5%) and the biggest sale Microsoft (MSFT, shares −5%).

Most Recent 13F
Q2 2026
Location
MINNEAPOLIS, MN
CIK
0000820027
Portfolio Value
$433.7B (Q3 2025)
SEC Filing
0001193125-25-282109 ↗ filed Nov 14, 2025

Holdings Value

0$100.0B$200.0B$300.0B$400.0B$500.0B Q1 2024: $362.2B Q1 2024 Q2 2024: $368.6B Q2 2024 Q3 2024: $388.4B Q3 2024 Q4 2024: $388.4B Q4 2024 Q1 2025: $369.3B Q1 2025 Q2 2025: $404.4B Q2 2025 Q3 2025: $433.7B $433.7B Q3 2025 Q4 2025: $441.1B Q4 2025 Q1 2026: $429.7B Q1 2026 Q2 2026: $492.7B Q2 2026

Holdings 3,914 stocks · $433.7B
NVDA Nvidia Corp. 4.15% 96,375,472 $18.0B Reduce -2.7%
MSFT Microsoft Corp. 3.92% 32,839,230 $17.0B Reduce -4.8%
AAPL Apple Inc. 2.75% 46,731,089 $11.9B Add +4.6%
GOOGL Alphabet Inc. Class A 2.13% 37,972,683 $9.2B Reduce -1.3%
AVGO Broadcom Inc. 1.92% 25,199,933 $8.3B Reduce -6.6%
AMZN Amazon.com Inc. 1.81% 35,745,756 $7.8B Reduce -3.3%
JPM JPMorgan Chase & Co. 1.52% 20,952,251 $6.6B Reduce -4.4%
META Meta Platforms Inc. Class A 1.46% 8,597,237 $6.3B Reduce -2.8%
IVV iShares Core S&P 500 ETF 1.22% 7,918,929 $5.3B Add +0.0%
V Visa Inc. Class A 1.03% 13,114,674 $4.5B Add +4.2%
LRCX Lam Research Corp. 0.78% 25,315,029 $3.4B Reduce -16.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.78% 65,425,698 $3.4B Add +6.5%
GOOG Alphabet Inc. Class C 0.73% 12,918,830 $3.1B Reduce -6.7%
WMT Walmart Inc. 0.72% 30,291,886 $3.1B Reduce -5.3%
VOO Vanguard S&P 500 ETF 0.70% 4,968,898 $3.0B Reduce -6.5%
CVX Chevron Corp. 0.64% 17,828,843 $2.8B Add +17.4%
XOM Exxon Mobil Corp. 0.62% 23,873,748 $2.7B Reduce -8.8%
AMAT Applied Materials Inc. 0.59% 12,520,114 $2.6B Add +40.1%
BE Bloom Energy Corp. Class A 0.58% 29,647,240 $2.5B Reduce -34.6%
QQQ Invesco QQQ Trust Series 1 0.57% 4,126,201 $2.5B Reduce -7.2%
JNJ Johnson & Johnson 0.56% 13,174,311 $2.4B Reduce -0.2%
MA Mastercard Inc. Class A 0.56% 4,235,399 $2.4B Reduce -0.6%
PG The Procter & Gamble Co. 0.54% 15,132,751 $2.3B Reduce -4.7%
WFC Wells Fargo & Co. 0.53% 27,205,943 $2.3B Reduce -2.5%
MS Morgan Stanley 0.52% 14,260,650 $2.3B Add +6.1%
LLY Eli Lilly & Co. 0.52% 2,970,160 $2.3B Add +1.8%
ABBV Abbvie Inc. 0.52% 9,675,877 $2.2B Add +4.4%
TSLA Tesla Inc. 0.51% 4,996,960 $2.2B Reduce -3.4%
CSCO Cisco Systems Inc. 0.51% 32,256,632 $2.2B Reduce -4.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.49% 3,164,112 $2.1B Add +1.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.48% 11,112,521 $2.1B Add +4.5%
BLK BlackRock Inc. 0.46% 1,729,300 $2.0B Reduce -10.8%
ORCL Oracle Corp. 0.46% 7,092,738 $2.0B Add +4.9%
HD Home Depot Inc. 0.45% 4,863,500 $2.0B Reduce -6.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.45% 13,391,533 $1.9B Add +3.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.43% 3,868,093 $1.9B Reduce -0.5%
ABT Abbott Laboratories 0.42% 13,500,829 $1.8B Add +3.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.39% 14,929,999 $1.7B Reduce -2.1%
PH Parker Hannifin Corp. 0.39% 2,207,996 $1.7B Add +0.6%
LIN Linde PLC 0.38% 3,499,368 $1.7B Reduce -2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.36% 5,519,633 $1.6B Reduce -0.8%
AGG iShares Core U.S. Aggregate 0.36% 15,507,033 $1.6B Add +6.5%
T AT&T Inc. 0.36% 54,915,436 $1.6B Reduce -0.6%
C Citigroup Inc. 0.35% 14,959,253 $1.5B Reduce -1.4%
QCOM Qualcomm Inc. 0.34% 8,966,223 $1.5B Add +7.8%
XLK SS Technology Select Sector 0.34% 5,283,252 $1.5B Add +9.3%
TEL Te Connectivity PLC 0.34% 6,739,609 $1.5B Reduce -4.1%
BMY Bristol-Myers Squibb Co. 0.34% 32,473,834 $1.5B Reduce -0.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.34% 13,345,266 $1.5B Add +18.0%
IEF iShares 7-10 Year Treasury B 0.33% 14,950,581 $1.4B Add +28.2%
ADI Analog Devices Inc. 0.33% 5,872,418 $1.4B Reduce -7.2%
ETN Eaton Corp. PLC 0.33% 3,829,411 $1.4B Add +7.1%
CB Chubb Ltd. 0.33% 5,053,497 $1.4B Add +9.2%
NFLX Netflix Inc. 0.33% 1,187,659 $1.4B Add +17.3%
MRVL Marvell Technology Inc. 0.32% 16,624,827 $1.4B Add +59.8%
COST Costco Wholesale Corp. 0.32% 1,487,327 $1.4B Reduce -4.4%
GS Goldman Sachs Group Inc. 0.31% 1,707,317 $1.4B Reduce -9.9%
MBB iShares MBS ETF 0.31% 14,290,044 $1.4B Add +2.0%
MCD McDonald's Corp. 0.31% 4,422,014 $1.3B Add +0.5%
MRK Merck & Co. Inc. 0.31% 15,933,909 $1.3B Add +20.7%
UBER Uber Technologies Inc. 0.31% 13,637,349 $1.3B Add +10.6%
AXP American Express Co. 0.30% 3,970,416 $1.3B Add +27.1%
CME Cme Group Inc. 0.30% 4,812,914 $1.3B Add +2.8%
UNP Union Pacific Corp. 0.30% 5,453,841 $1.3B Reduce -23.2%
MO Altria Group Inc. 0.30% 19,567,823 $1.3B Add +19.4%
UNH Unitedhealth Group Inc. 0.30% 3,710,531 $1.3B Add +15.8%
ADP Automatic Data Processing 0.29% 4,323,554 $1.3B Add +3.3%
ETR Entergy Corp. 0.29% 13,563,922 $1.3B Reduce -0.7%
KO The Coca-Cola Co. 0.29% 18,902,256 $1.3B Add +9.9%
WM Waste Management Inc. 0.29% 5,668,221 $1.3B Add +5.1%
GD General Dynamics Corp. 0.29% 3,627,155 $1.2B Add +5.5%
COP Conocophillips 0.28% 12,994,674 $1.2B Add +20.6%
TSM Taiwan Semiconductor-SP ADR 0.28% 4,292,906 $1.2B Add +2.2%
MDT Medtronic PLC 0.28% 12,534,866 $1.2B Reduce -14.1%
ANET Arista Networks Inc. 0.27% 8,066,438 $1.2B Reduce -11.3%
MRSH Marsh & McLennan Cos 0.27% 5,767,988 $1.2B Reduce -15.7%
CRM Salesforce Inc. 0.27% 4,883,240 $1.2B Reduce -2.5%
PANW Palo Alto Networks Inc. 0.26% 5,585,298 $1.1B Reduce -6.3%
TT Trane Technologies PLC 0.26% 2,688,223 $1.1B Reduce -8.7%
CMCSA Comcast Corp. Class A 0.26% 35,918,430 $1.1B Reduce -18.1%
IEFA iShares Core MSCI Eafe ETF 0.26% 12,815,738 $1.1B Add +5.4%
HON Honeywell International Inc. 0.25% 5,219,240 $1.1B Reduce -18.4%
EBAY eBay Inc. 0.25% 11,979,784 $1.1B Reduce -27.6%
SNPS Synopsys Inc. 0.25% 2,191,144 $1.1B Reduce -15.7%
INTU Intuit Inc. 0.25% 1,574,663 $1.1B Add +26.8%
WDC Western Digital Corp. 0.24% 8,683,319 $1.0B Reduce -4.2%
SPYG SS SPDR P S&P 500 Growth ETF 0.24% 9,914,602 $1.0B Add +0.6%
KLAC KLA Corp. 0.24% 964,358 $1.0B Add +0.3%
IVW iShares S&P 500 Growth ETF 0.23% 8,428,311 $1.0B Reduce -0.8%
NOC Northrop Grumman Corp. 0.23% 1,624,658 $990.0M Add +0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.23% 3,363,992 $987.7M Reduce -3.1%
MDLZ Mondelez International Inc. Class A 0.23% 15,664,043 $977.3M Add +2.1%
PNC PNC Financial Services Group 0.22% 4,737,807 $952.0M Add +0.1%
VLO Valero Energy Corp. 0.22% 5,572,170 $948.7M Reduce -9.1%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 1,882,004 $946.4M Reduce -1.3%
BA The Boeing Co. 0.22% 4,339,442 $936.4M Reduce -7.7%
SO The Southern Co. 0.21% 9,806,272 $929.4M Add +0.6%
EA Electronic Arts Inc. 0.21% 4,591,869 $926.2M Add +8.9%
NOW ServiceNow Inc. 0.21% 998,198 $918.4M Add +3.5%
VRTX Vertex Pharmaceuticals Inc. 0.21% 2,276,927 $891.7M Add +4.4%

Show all 3,914 holdings

Options reported separately and not counted above: QQQ puts ($100.4M), TSLA puts ($55.9M), AAPL calls ($48.7M), BE calls ($42.3M), HIMS puts ($39.7M), NVDA calls ($38.9M), ARKK puts ($21.6M), QCOM calls ($18.3M), JNJ puts ($18.0M), GOOGL calls ($12.5M), LYFT calls ($11.0M), MRNA puts ($9.9M), and 34 more.

Other holdings (90): bonds, preferreds, convertibles and warrants · $1.1B (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 1,149,433$79.8MAdd +21.0%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 48,316$61.9MAdd +11.6%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 848,141$58.1MAdd +6.9%
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 1,072,400$50.4MAdd +25.1%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 737,000$43.5MAdd +2.4%
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 827,020$41.2MAdd +5.8%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 684,150$35.7MAdd +0.7%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 377,312$26.6MAdd +22.8%
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 26,000,000$26.3MAdd +147.6%
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD 453,350$25.0MAdd +11.0%
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 7,500,000$24.1MAdd +15.4%
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal 20,875,000$23.2MAdd +68.7%
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) UNIT 02/01/2027 225,000$22.8MReduce -7.2%
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal 21,500,000$21.3MNo change
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF 220,000$20.8MAdd +31.3%
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 538,205$20.5MAdd +17.8%
BRUKER CORP (BRKR 6.375 09/01/28) 6.375 PREF SER A 74,000$20.1MNew
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 13,500,000$19.8MAdd +35.0%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 6,500,000$18.7MAdd +8.3%
BLOOM ENERGY CORP (BE 3 06/01/29) NOTE 3.000% 6/0 · principal 4,500,000$18.6MNo change
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal 16,800,000$18.0MAdd +6.3%
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal 13,500,000$16.6MReduce -5.6%
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 17,500,000$16.1MAdd +45.8%
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal 11,000,000$14.6MNew
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 16,000,000$14.5MAdd +18.5%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 12,018,000$13.7MAdd +66666.7%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 12,033,000$13.7MAdd +9.1%
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal 11,000,000$13.6MNew
RWT HOLDINGS INC (RWT 5.75 10/01/25) NOTE 5.750%10/0 · principal 12,500,000$12.5MNo change
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 9,000,000$12.4MReduce -25.0%
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 10,930,000$12.1MAdd +2441.9%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 11,700,000$12.1MAdd +10.4%
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 11,000,000$12.0MAdd +10.0%
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 6,500,000$11.9MNew
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 300,000$11.9MReduce -29.4%
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 11,800,000$11.9MAdd +24.2%
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 11,000,000$11.6MReduce -38.9%
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 230,001$11.5MReduce -56.6%
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 10,000,000$11.4MReduce -25.9%
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 10,545,000$11.3MNo change
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 10,000,000$11.1MAdd +6.4%
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 7,000,000$11.0MNew
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 9,000,000$10.7MAdd +38.5%
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 9,000,000$10.2MNew
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 8,000,000$10.2MNo change
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 6,000,000$9.4MReduce -7.7%
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 9,000,000$9.3MReduce -18.2%
VERTEX INC (VERX 0.75 05/01/29) NOTE 0.750% 5/0 · principal 9,000,000$9.1MAdd +50.0%
LIVANOVA PLC (LIVN 2.5 03/15/29) NOTE 2.500% 3/1 · principal 8,500,000$9.1MReduce -26.1%
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal 7,000,000$8.3MNew
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 6,000,000$8.3MReduce -14.3%
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal 6,500,000$8.3MAdd +8.3%
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal 10,000,000$8.0MNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 6,000,000$8.0MAdd +20.0%
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 2,500,000$7.8MNew
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal 6,000,000$7.8MReduce -14.3%
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal 6,000,000$7.7MNew
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 5,000,000$7.6MReduce -37.5%
VARONIS SYSTEM INC (VRNS 1 09/15/29) NOTE 1.000% 9/1 · principal 7,000,000$7.5MNew
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 7,500,000$7.5MReduce -31.8%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 5,500,000$7.5MAdd +22.2%
BOX INC (BOX 1.5 09/15/29) NOTE 1.500% 9/1 · principal 7,200,000$7.2MNew
JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) NOTE 2.500% 9/0 · principal 6,000,000$6.2MNew
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 4,500,000$6.2MNo change
NABORS INDUSTRIES INC (NBR 1.75 06/15/29) NOTE 1.750% 6/1 · principal 7,000,000$5.3MNo change
PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) NOTE 2.000% 8/1 · principal 4,000,000$4.8MNew
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 1,500,000$3.6MReduce -84.2%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 3,500,000$3.4MReduce -71.3%
EPR PROPERTIES (EPR 9 PERP E) CONV PFD 9% SR E 44,100$1.4MAdd +12.2%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 1,086$1.3MAdd +9.6%
TXNM ENERGY INC (TXNM 5.75 06/01/54) NOTE 5.750% 6/0 · principal 265,000$346KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 13,304$339KReduce -6.8%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 335,000$319KNo change
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal 235,000$316KReduce -94.5%
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 67,000$67KAdd +9.8%
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 72,000$61KAdd +16.1%
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 53,000$60KNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 57,000$58KAdd +3.6%
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 28,000$36KNo change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 32,000$30KNo change
DEXCOM INC (DXCM 0.25 11/15/25) NOTE 0.250%11/1 · principal 26,000$26KNo change
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 21,000$23KNo change
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal 21,000$21KNo change
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 263,964$21KReduce -1.6%
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 18,000$20KNo change
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 10,698$19KReduce -0.7%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 18,000$16KNo change
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 14,000$15KAdd +16.7%
BLACKROCK INCOME TR-RT RIGHT 10/20/2025 33,763$2KReduce -3.3%
CLEARBRIDGE ENERGY MI-RT RIGHT 10/10/2025 32,540$616Reduce -56.3%

Total filed on the 13F, all lines: $434.8B.

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -4.8% 3.92% −0.32
ACN Accenture PLC Class A Reduce -42.6% 0.17% −0.21
AMZN Amazon.com Inc. Reduce -3.3% 1.81% −0.20
META Meta Platforms Inc. Class A Reduce -2.8% 1.46% −0.16
CMCSA Comcast Corp. Class A Reduce -18.1% 0.26% −0.13
ELV Elevance Health Inc. Reduce -61.4% 0.05% −0.13
HON Honeywell International Inc. Reduce -18.4% 0.25% −0.11
UNP Union Pacific Corp. Reduce -23.2% 0.30% −0.11
MRSH Marsh & McLennan Cos Reduce -15.7% 0.27% −0.10
EOG EOG Resources Inc. Reduce -26.4% 0.17% −0.09
PG The Procter & Gamble Co. Reduce -4.7% 0.54% −0.09
BSX Boston Scientific Corp. Reduce -29.5% 0.12% −0.08
SNPS Synopsys Inc. Reduce -15.7% 0.25% −0.08
XOM Exxon Mobil Corp. Reduce -8.8% 0.62% −0.08
DIS The Walt Disney Co. Reduce -2.1% 0.39% −0.07
SGOV iShares 0-3 Month Treasury B Reduce -59.1% 0.04% −0.07
CRM Salesforce Inc. Reduce -2.5% 0.27% −0.07
CSCO Cisco Systems Inc. Reduce -4.4% 0.51% −0.07
COST Costco Wholesale Corp. Reduce -4.4% 0.32% −0.06
ON On Semiconductor Reduce -28.7% 0.10% −0.06
GIS General Mills Inc. Reduce -71.9% 0.02% −0.06
TT Trane Technologies PLC Reduce -8.7% 0.26% −0.06
TTWO Take-Two Interactive Softwre Reduce -30.1% 0.12% −0.05
AMT American Tower Corp. Reduce -4.8% 0.18% −0.05
EBAY eBay Inc. Reduce -27.6% 0.25% −0.05
WMT Walmart Inc. Reduce -5.3% 0.72% −0.05
CRWD CrowdStrike Holdings Inc. Class A Reduce -21.7% 0.12% −0.05
JPM JPMorgan Chase & Co. Reduce -4.4% 1.52% −0.05
SPGI S&P Global Inc. Reduce -9.3% 0.16% −0.05
IBM Intl Business Machines Corp. Reduce -0.8% 0.36% −0.05
XYZ Block Inc. Reduce -34.1% 0.09% −0.05
PM Philip Morris International Reduce -4.6% 0.17% −0.04
VOO Vanguard S&P 500 ETF Reduce -6.5% 0.70% −0.04
BAX Baxter International Inc. Reduce -64.2% 0.01% −0.04
VCIT Vanguard Int-Term Corporate Reduce -20.2% 0.13% −0.04
AMGN Amgen Inc. Reduce -18.9% 0.13% −0.04
ADI Analog Devices Inc. Reduce -7.2% 0.33% −0.04
PANW Palo Alto Networks Inc. Reduce -6.3% 0.26% −0.04
MDT Medtronic PLC Reduce -14.1% 0.28% −0.04
VGLT Vanguard Long-Term Treasury Reduce -20.3% 0.12% −0.04
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -27.7% 0.08% −0.04
SCHD Schwab US DVD Equity ETF Reduce -37.1% 0.06% −0.04
BLK BlackRock Inc. Reduce -10.8% 0.46% −0.04
T AT&T Inc. Reduce -0.6% 0.36% −0.04
FISV Fiserv Inc. Reduce -4.4% 0.07% −0.04
MA Mastercard Inc. Class A Reduce -0.6% 0.56% −0.04
TXN Texas Instruments Inc. Reduce -1.8% 0.15% −0.04
BMY Bristol-Myers Squibb Co. Reduce -0.3% 0.34% −0.04
QQQ Invesco QQQ Trust Series 1 Reduce -7.2% 0.57% −0.04
LIN Linde PLC Reduce -2.9% 0.38% −0.03

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +4.6% 2.75% +0.48
AMAT Applied Materials Inc. Add +40.1% 0.59% +0.19
MRVL Marvell Technology Inc. Add +59.8% 0.32% +0.12
WIX Wix.com Ltd. Add +128.3% 0.19% +0.11
PLTR Palantir Technologies Inc. Class A Add +66.3% 0.20% +0.10
CVX Chevron Corp. Add +17.4% 0.64% +0.10
ORCL Oracle Corp. Add +4.9% 0.46% +0.09
ABBV Abbvie Inc. Add +4.4% 0.52% +0.09
BNY Bank of New York Mellon Corp. Add +18.0% 0.34% +0.08
AVDE Avantis International Equity Add +357.3% 0.09% +0.07
APTV Aptiv PLC New 0.07% +0.07
DHR Danaher Corp. Add +211.7% 0.10% +0.06
IEF iShares 7-10 Year Treasury B Add +28.2% 0.33% +0.06
LYFT LYFT Inc. Class A Add +23.1% 0.16% +0.06
MO Altria Group Inc. Add +19.4% 0.30% +0.06
EMR Emerson Electric Co. Add +185.7% 0.10% +0.06
BAC Bank of America Corp. Add +6.5% 0.78% +0.06
AXP American Express Co. Add +27.1% 0.30% +0.06
TER Teradyne Inc. Add +6.8% 0.17% +0.06
MS Morgan Stanley Add +6.1% 0.52% +0.05
IWY iShares Russell Top 200 Grow Add +32.0% 0.20% +0.05
TJX TJX Companies Inc. Add +3.0% 0.45% +0.05
MRK Merck & Co. Inc. Add +20.7% 0.31% +0.05
RCL Royal Caribbean Cruises Ltd. Add +163.8% 0.08% +0.05
UNH Unitedhealth Group Inc. Add +15.8% 0.30% +0.05
EA Electronic Arts Inc. Add +8.9% 0.21% +0.05
DYNF Ishrs US E F R A ETF-Usd Inc. Add +35.8% 0.17% +0.05
CARR Carrier Global Corp. Add +506.1% 0.06% +0.05
COP Conocophillips Add +20.6% 0.28% +0.04
PNR Pentair PLC Add +106.7% 0.08% +0.04
SMTC Semtech Corp. Add +3.7% 0.12% +0.04
GE General Electric Add +35.0% 0.13% +0.04
XLK SS Technology Select Sector Add +9.3% 0.34% +0.04
TSM Taiwan Semiconductor-SP ADR Add +2.2% 0.28% +0.04
HPE Hewlett Packard Enterprise Add +31.0% 0.12% +0.04
TMUS T-Mobile US Inc. Add +33.7% 0.19% +0.04
GD General Dynamics Corp. Add +5.5% 0.29% +0.04
SBUX Starbucks Corp. Add +80.6% 0.10% +0.04
NEM Newmont Corp. Add +30.6% 0.08% +0.04
APP AppLovin Corp. Class A Add +27.4% 0.06% +0.04
AEP American Electric Power Add +26.8% 0.16% +0.03
MDB Mongodb Inc. Add +258.3% 0.04% +0.03
PFE Pfizer Inc. Add +48.2% 0.11% +0.03
ECON Columbia Resear Enh Em Econ New 0.03% +0.03
CI The Cigna Group Add +54.5% 0.14% +0.03
DELL Dell Technologies -C Add +19.9% 0.13% +0.03
EVTR Eaton Vance Total Return Add +7951.0% 0.03% +0.03
NOC Northrop Grumman Corp. Add +0.3% 0.23% +0.03
EXAS Exact Sciences Corp. Add +102.1% 0.06% +0.03
CRH CRH PLC Add +8.3% 0.11% +0.03

Options Activity Q2 2025 → Q3 2025
QQQ Invesco QQQ Trust Series 1 put New 167,300 $100.4M
TSLA Tesla Inc. put Add +3042.5% 125,700 $55.9M
AAPL Apple Inc. call New 191,200 $48.7M
BE Bloom Energy Corp. Class A call Reduce -67.3% 500,000 $42.3M
HIMS Hims & Hers Health Inc. put New 700,000 $39.7M
NVDA Nvidia Corp. call Add +678.4% 208,600 $38.9M
ARKK ARK Innovation ETF put New 250,000 $21.6M
QCOM Qualcomm Inc. call New 110,200 $18.3M
JNJ Johnson & Johnson put New 97,000 $18.0M
IWM iShares Russell 2000 ETF put Sold out 80,500 $17.4Mbefore exit
CSCO Cisco Systems Inc. call Sold out 188,600 $13.1Mbefore exit
GOOGL Alphabet Inc. Class A call Reduce -69.4% 51,300 $12.5M
LYFT LYFT Inc. Class A call Reduce -9.7% 500,000 $11.0M
MRNA Moderna Inc. put New 383,900 $9.9M
CORT Corcept Therapeutics Inc. put New 116,600 $9.7M
ANET Arista Networks Inc. call Reduce -58.5% 64,300 $9.4M
MSFT Microsoft Corp. call Add +191.7% 17,500 $9.1M
IONQ Ionq Inc. put New 137,900 $8.5M
IWM iShares Russell 2000 ETF call New 33,400 $8.1M
RBLX Roblox Corp. Class A put New 56,400 $7.8M
TEM Tempus AI Inc. Class A put New 93,100 $7.5M
RGTI Rigetti Computing Inc. put New 229,800 $6.8M
SNDK Sandisk Corp. put New 50,600 $5.7M
RKLB Rocket Lab Corp. put New 112,100 $5.4M
CRWV Coreweave Inc. Class A put Sold out 25,000 $4.1Mbefore exit
KKR KKR & Co. Inc. call New 29,800 $3.9M
SPOT Spotify Technology SA put New 5,200 $3.6M
SEI Solaris Energy Infrastructur put Add +13.3% 89,700 $3.6M
AXON Axon Enterprise Inc. put Sold out 4,000 $3.3Mbefore exit
ZTS Zoetis Inc. put Sold out 19,500 $3.0Mbefore exit
ARGX Argenx SE - ADR put Add +73.9% 4,000 $3.0M
AMZN Amazon.com Inc. call Sold out 13,400 $2.9Mbefore exit
INSM Insmed Inc. put New 19,700 $2.8M
RBRK Rubrik Inc. Class A put Add +51.2% 32,500 $2.7M
APO Apollo Global Management Inc. put Sold out 18,700 $2.7Mbefore exit
VST Vistra Corp. call Sold out 13,400 $2.6Mbefore exit
CVLT Commvault Systems Inc. put Sold out 14,700 $2.6Mbefore exit
HD Home Depot Inc. put Sold out 6,700 $2.5Mbefore exit
MKSI MKS Inc. put New 19,800 $2.5M
JBL Jabil Inc. put New 10,500 $2.3M
KLAC KLA Corp. call New 2,000 $2.2M
EXAS Exact Sciences Corp. put Sold out 40,100 $2.1Mbefore exit
AAPL Apple Inc. put Sold out 10,000 $2.1Mbefore exit
QCOM Qualcomm Inc. put New 12,000 $2.0M
TSEM Tower Semiconductor Ltd. put New 26,700 $1.9M
SIMO Silicon Motion Technol-ADR put New 19,800 $1.9M
RDDT Reddit Inc. Class A call Sold out 10,700 $1.6Mbefore exit
ORCL Oracle Corp. call New 5,200 $1.5M
IREN Iren Ltd. put New 30,500 $1.4M
PHM Pultegroup Inc. put Sold out 13,400 $1.4Mbefore exit

Showing the first 50 of 66.

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
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +21.0% 1,149,433 $79.8M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +11.6% 48,316 $61.9M
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Add +6.9% 848,141 $58.1M
DEC Diversified Energy Co. PLC SHS NEW · principal Sold out 3,673,769 $53.9Mbefore exit
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 Add +25.1% 1,072,400 $50.4M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG Add +2.4% 737,000 $43.5M
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Add +5.8% 827,020 $41.2M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Add +0.7% 684,150 $35.7M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Add +22.8% 377,312 $26.6M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Add +147.6% 26,000,000 $26.3M
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD Add +11.0% 453,350 $25.0M
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Add +15.4% 7,500,000 $24.1M
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal Add +68.7% 20,875,000 $23.2M
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) UNIT 02/01/2027 Reduce -7.2% 225,000 $22.8M
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF Add +31.3% 220,000 $20.8M
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Sold out 20,000,000 $20.6Mbefore exit
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +17.8% 538,205 $20.5M
BRUKER CORP (BRKR 6.375 09/01/28) 6.375 PREF SER A New 74,000 $20.1M
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Add +35.0% 13,500,000 $19.8M
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Add +8.3% 6,500,000 $18.7M
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal Add +6.3% 16,800,000 $18.0M
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal Reduce -5.6% 13,500,000 $16.6M
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal Add +45.8% 17,500,000 $16.1M
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal New 11,000,000 $14.6M
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal Add +18.5% 16,000,000 $14.5M
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal Add +66666.7% 12,018,000 $13.7M
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Add +9.1% 12,033,000 $13.7M
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal New 11,000,000 $13.6M
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal Reduce -25.0% 9,000,000 $12.4M
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal Add +2441.9% 10,930,000 $12.1M
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Add +10.4% 11,700,000 $12.1M
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal Add +10.0% 11,000,000 $12.0M
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal New 6,500,000 $11.9M
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A Reduce -29.4% 300,000 $11.9M
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal Add +24.2% 11,800,000 $11.9M
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal Sold out 9,000,000 $11.7Mbefore exit
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal Reduce -38.9% 11,000,000 $11.6M
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Reduce -56.6% 230,001 $11.5M
SNAP INC (SNAP 0.5 05/01/30) NOTE 0.500% 5/0 · principal Sold out 13,500,000 $11.4Mbefore exit
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal Reduce -25.9% 10,000,000 $11.4M
BENTLEY SYSTEMS (BSY 0.375 07/01/27) NOTE 0.375% 7/0 · principal Sold out 12,000,000 $11.3Mbefore exit
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal Add +6.4% 10,000,000 $11.1M
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal New 7,000,000 $11.0M
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal Add +38.5% 9,000,000 $10.7M
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal New 9,000,000 $10.2M
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal Sold out 6,700,000 $9.9Mbefore exit
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal Reduce -7.7% 6,000,000 $9.4M
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal Reduce -18.2% 9,000,000 $9.3M
VERTEX INC (VERX 0.75 05/01/29) NOTE 0.750% 5/0 · principal Add +50.0% 9,000,000 $9.1M
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal Sold out 8,000,000 $9.1Mbefore exit

Showing the first 50 of 97.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3,971$492.7BNVDA, AAPL, GOOGL, MSFT, AVGO
Q1 2026Amended 3,929$429.7BNVDA, AAPL, MSFT, GOOGL, AVGO
Q4 2025 3,980$441.1BNVDA, MSFT, AAPL, GOOGL, AVGO
Q3 2025 3,914$433.7BNVDA, MSFT, AAPL, GOOGL, AVGO
Q2 2025 3,825$404.4BMSFT, NVDA, AAPL, AMZN, AVGO
Q1 2025 3,881$369.3BMSFT, NVDA, AAPL, AMZN, JPM
Q4 2024 3,944$388.4BMSFT, NVDA, AAPL, AMZN, GOOGL
Q3 2024 3,813$388.4BMSFT, NVDA, AAPL, AMZN, GOOGL
Q2 2024 3,770$368.6BMSFT, NVDA, AAPL, AMZN, GOOGL
Q1 2024 3,756$362.2BMSFT, NVDA, AAPL, AMZN, GOOGL