Ameriprise Financial Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Ameriprise Financial Inc. reported 3,980 stock positions worth $441.1 billion. Its top holding was Nvidia (NVDA) at 4.0% of the portfolio, followed by Microsoft (MSFT, 3.6%) and Apple (AAPL, 2.8%). Compared with Q3 2025, it opened 197 new positions, sold out of 134, added to 1,739 and reduced 1,982. The biggest buy was Salesforce (CRM, shares +80%) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
MINNEAPOLIS, MN
CIK
0000820027
Portfolio Value
$441.1B (Q4 2025)
SEC Filing
0001193125-26-053888 ↗ filed Feb 17, 2026

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 Q3 2025 Q4 2025: $441.1B $441.1B Q4 2025 Q1 2026: $429.7B Q1 2026 Q2 2026: $492.7B Q2 2026

Holdings 3,980 stocks · $441.1B
NVDA Nvidia Corp. 3.98% 94,179,262 $17.6B Reduce -2.3%
MSFT Microsoft Corp. 3.60% 32,821,639 $15.9B Reduce -0.1%
AAPL Apple Inc. 2.81% 45,534,081 $12.4B Reduce -2.6%
GOOGL Alphabet Inc. Class A 2.48% 34,950,911 $10.9B Reduce -8.0%
AVGO Broadcom Inc. 1.95% 24,854,880 $8.6B Reduce -1.4%
AMZN Amazon.com Inc. 1.85% 35,301,914 $8.1B Reduce -1.2%
JPM JPMorgan Chase & Co. 1.41% 19,352,594 $6.2B Reduce -7.6%
IVV iShares Core S&P 500 ETF 1.22% 7,888,687 $5.4B Reduce -0.4%
META Meta Platforms Inc. Class A 1.17% 7,796,806 $5.2B Reduce -9.3%
V Visa Inc. Class A 1.09% 13,716,836 $4.8B Add +4.6%
LRCX Lam Research Corp. 0.90% 23,250,342 $4.0B Reduce -8.2%
GOOG Alphabet Inc. Class C 0.89% 12,527,773 $3.9B Reduce -3.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.80% 63,763,649 $3.5B Reduce -2.5%
WMT Walmart Inc. 0.77% 30,384,755 $3.4B Add +0.3%
VOO Vanguard S&P 500 ETF 0.71% 4,993,237 $3.1B Add +0.5%
LLY Eli Lilly & Co. 0.70% 2,887,264 $3.1B Reduce -2.8%
XOM Exxon Mobil Corp. 0.63% 23,185,684 $2.8B Reduce -2.9%
JNJ Johnson & Johnson 0.63% 13,446,440 $2.8B Add +2.1%
CVX Chevron Corp. 0.62% 17,992,706 $2.7B Add +0.9%
AMAT Applied Materials Inc. 0.60% 10,293,252 $2.6B Reduce -17.8%
WFC Wells Fargo & Co. 0.59% 27,713,284 $2.6B Add +1.9%
CSCO Cisco Systems Inc. 0.57% 32,919,333 $2.5B Add +2.0%
MS Morgan Stanley 0.57% 14,181,661 $2.5B Reduce -0.6%
QQQ Invesco QQQ Trust Series 1 0.57% 4,093,914 $2.5B Reduce -0.8%
BE Bloom Energy Corp. Class A 0.56% 28,646,003 $2.5B Reduce -3.4%
MA Mastercard Inc. Class A 0.54% 4,162,530 $2.4B Reduce -1.7%
CRM Salesforce Inc. 0.53% 8,813,551 $2.3B Add +80.5%
ABBV Abbvie Inc. 0.52% 10,060,638 $2.3B Add +4.0%
PG The Procter & Gamble Co. 0.50% 15,380,493 $2.2B Add +1.6%
TSLA Tesla Inc. 0.50% 4,865,045 $2.2B Reduce -2.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.49% 3,147,484 $2.1B Reduce -0.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.48% 11,182,864 $2.1B Add +0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.46% 17,717,755 $2.0B Add +18.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.44% 12,613,600 $1.9B Reduce -5.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.43% 3,886,318 $1.9B Add +0.5%
PH Parker Hannifin Corp. 0.43% 2,143,443 $1.9B Reduce -2.9%
BLK BlackRock Inc. 0.40% 1,662,886 $1.8B Reduce -3.8%
TEL Te Connectivity PLC 0.39% 7,529,735 $1.7B Add +11.7%
QCOM Qualcomm Inc. 0.38% 9,846,888 $1.7B Add +9.8%
MRK Merck & Co. Inc. 0.38% 15,974,409 $1.7B Add +0.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.38% 14,356,366 $1.7B Add +7.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.37% 5,571,040 $1.7B Add +0.9%
HD Home Depot Inc. 0.37% 4,796,439 $1.6B Reduce -1.4%
ABT Abbott Laboratories 0.37% 13,177,262 $1.6B Reduce -2.4%
GS Goldman Sachs Group Inc. 0.36% 1,801,717 $1.6B Add +5.5%
ADI Analog Devices Inc. 0.36% 5,832,329 $1.6B Reduce -0.7%
GD General Dynamics Corp. 0.36% 4,675,816 $1.6B Add +28.9%
CB Chubb Ltd. 0.36% 5,028,242 $1.6B Reduce -0.5%
C Citigroup Inc. 0.35% 13,388,721 $1.6B Reduce -10.5%
XLK SS Technology Select Sector 0.35% 10,615,809 $1.5B Add +0.5%
BMY Bristol-Myers Squibb Co. 0.34% 28,058,656 $1.5B Reduce -13.6%
AXP American Express Co. 0.34% 4,033,083 $1.5B Add +1.6%
AGG iShares Core U.S. Aggregate 0.34% 14,820,833 $1.5B Reduce -4.4%
WM Waste Management Inc. 0.33% 6,683,859 $1.5B Add +17.9%
WDC Western Digital Corp. 0.33% 8,520,425 $1.5B Reduce -1.9%
MRVL Marvell Technology Inc. 0.33% 17,146,932 $1.5B Add +3.1%
IEF iShares 7-10 Year Treasury B 0.33% 15,083,775 $1.4B Add +0.9%
MBB iShares MBS ETF 0.32% 14,652,603 $1.4B Add +2.5%
LIN Linde PLC 0.31% 3,200,007 $1.4B Reduce -8.6%
ORCL Oracle Corp. 0.31% 6,935,712 $1.4B Reduce -2.2%
COST Costco Wholesale Corp. 0.30% 1,544,884 $1.3B Add +3.9%
MCD McDonald's Corp. 0.30% 4,343,615 $1.3B Reduce -1.8%
KO The Coca-Cola Co. 0.30% 18,771,595 $1.3B Reduce -0.7%
T AT&T Inc. 0.30% 52,644,106 $1.3B Reduce -4.1%
TSM Taiwan Semiconductor-SP ADR 0.29% 4,284,103 $1.3B Reduce -0.2%
COP Conocophillips 0.29% 13,744,482 $1.3B Add +5.8%
ANET Arista Networks Inc. 0.29% 9,819,361 $1.3B Add +21.7%
ETR Entergy Corp. 0.28% 13,566,107 $1.3B Add +0.0%
MO Altria Group Inc. 0.28% 21,798,340 $1.3B Add +11.4%
HON Honeywell International Inc. 0.28% 6,329,612 $1.2B Add +21.3%
IEFA iShares Core MSCI Eafe ETF 0.27% 13,449,696 $1.2B Add +5.0%
UNP Union Pacific Corp. 0.27% 5,145,865 $1.2B Reduce -5.7%
UNH Unitedhealth Group Inc. 0.27% 3,564,791 $1.2B Reduce -3.9%
NFLX Netflix Inc. 0.26% 12,381,376 $1.2B Add +4.3%
MDT Medtronic PLC 0.26% 11,995,286 $1.2B Reduce -4.3%
CMCSA Comcast Corp. Class A 0.26% 38,160,898 $1.1B Add +6.2%
KLAC KLA Corp. 0.25% 920,075 $1.1B Reduce -4.6%
SPYG SS SPDR P S&P 500 Growth ETF 0.25% 10,307,593 $1.1B Add +4.0%
EBAY eBay Inc. 0.25% 12,565,993 $1.1B Add +4.9%
INTU Intuit Inc. 0.24% 1,624,305 $1.1B Add +3.1%
IVW iShares S&P 500 Growth ETF 0.24% 8,505,668 $1.0B Add +0.9%
VZ Verizon Communications Inc. 0.24% 25,728,294 $1.0B Add +69.7%
TXN Texas Instruments Inc. 0.24% 6,067,012 $1.0B Add +67.8%
BA The Boeing Co. 0.24% 4,810,939 $1.0B Add +10.9%
VRTX Vertex Pharmaceuticals Inc. 0.23% 2,263,732 $1.0B Reduce -0.6%
PEP Pepsico Inc. 0.23% 7,133,999 $1.0B Add +50.5%
CME Cme Group Inc. 0.23% 3,714,677 $1.0B Reduce -22.8%
ADP Automatic Data Processing 0.23% 3,946,856 $1.0B Reduce -8.7%
PM Philip Morris International 0.22% 6,182,437 $992.0M Add +34.6%
PNC PNC Financial Services Group 0.22% 4,739,407 $989.3M Add +0.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.22% 3,408,504 $988.9M Add +1.3%
SPGI S&P Global Inc. 0.22% 1,892,429 $983.1M Add +30.6%
IWY iShares Russell Top 200 Grow 0.22% 3,544,292 $981.5M Add +11.5%
TMO Thermo Fisher Scientific Inc. 0.22% 1,684,945 $976.6M Add +7.1%
PANW Palo Alto Networks Inc. 0.22% 5,278,829 $972.0M Reduce -5.5%
AZN Astrazeneca PLC-Spons ADR 0.22% 10,495,599 $965.7M Add +83.9%
GILD Gilead Sciences Inc. 0.22% 7,800,418 $957.5M Add +9.1%
PLTR Palantir Technologies Inc. Class A 0.22% 5,354,882 $951.9M Add +15.0%
TT Trane Technologies PLC 0.22% 2,438,291 $949.0M Reduce -9.3%
BRK.B Berkshire Hathaway Inc. Class B 0.21% 1,858,877 $934.1M Reduce -1.2%

Show all 3,980 holdings

Options reported separately and not counted above: QQQ puts ($184.8M), BE calls ($49.6M), GRAB calls ($24.4M), CRM calls ($14.6M), ABNB calls ($10.8M), SMH puts ($6.3M), SNDK puts ($5.0M), RCL calls ($3.7M), CVNA puts ($2.5M), AMZN calls ($2.2M), CRDO puts ($2.1M), MKSI puts ($1.9M), and 3 more.

Other holdings (76): bonds, preferreds, convertibles and warrants · $1.1B (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 1,149,883$79.9MAdd +0.0%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 48,256$60.3MReduce -0.1%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 866,641$57.3MAdd +2.2%
SOUTHERN CO (SO 7.125 12/15/28 A) UNIT 12/15/2028 1,077,336$53.5MNew
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 805,435$47.4MAdd +49.6%
LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) NOTE 2.875% 1/1 · principal 44,300,000$46.5MNew
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 787,000$45.9MAdd +6.8%
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 736,520$37.1MReduce -10.9%
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 650,001$33.5MAdd +182.6%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 634,600$32.8MReduce -7.2%
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD 473,350$26.2MAdd +4.4%
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 524,400$25.5MReduce -51.1%
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 5,003,000$22.9MReduce -33.3%
PENNYMAC CORP (PMT 5.5 03/15/26) NOTE 5.500% 3/1 · principal 21,500,000$21.4MNo change
BRUKER CORP (BRKR 6.375 09/01/28) 6.375 PREF SER A 57,000$20.8MReduce -23.0%
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF 255,000$20.4MAdd +15.9%
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 495,000$20.3MAdd +65.0%
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) UNIT 02/01/2027 145,000$18.3MReduce -35.6%
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 11,000,000$17.0MAdd +57.1%
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal 14,505,000$16.9MAdd +7.4%
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 15,000,000$16.8MReduce -14.3%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 217,312$16.4MReduce -42.4%
MARA HOLDINGS INC (MARA 0 06/01/31) NOTE 6/0 · principal 19,500,000$16.2MNew
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 4,000,000$13.4MReduce -38.5%
SYNAPTICS INC (SYNA 0.75 12/01/31) NOTE 0.750%12/0 · principal 12,500,000$13.2MNew
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 11,430,000$12.5MAdd +4.6%
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 12,000,000$12.3MAdd +100.0%
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 11,520,000$12.3MAdd +63900.0%
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal 9,000,000$12.0MAdd +28.6%
NOVANTA INC (NOVT 6.5 11/01/28) UNIT 11/01/2028 220,500$12.0MNew
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 11,502,000$11.6MReduce -2.5%
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal 10,800,000$11.6MReduce -35.7%
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 9,002,000$11.5MReduce -18.2%
DATADOG INC (DDOG 0 12/01/29) NOTE 12/0 · principal 11,500,000$11.5MNew
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 11,002,000$11.3MAdd +10.0%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 9,002,000$11.3MReduce -23.1%
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 11,004,000$11.3MReduce -57.7%
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 11,000,000$11.1MAdd +22.2%
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal 10,000,000$10.8MReduce -9.1%
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 10,000,000$10.3MReduce -9.1%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 8,903,000$10.2MNew
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 8,903,000$10.0MNew
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal 8,500,000$9.3MNew
LIVANOVA PLC (LIVN 2.5 03/15/29) NOTE 2.500% 3/1 · principal 8,000,000$9.2MReduce -5.9%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 8,203,000$9.2MNew
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 6,500,000$9.2MAdd +18.2%
BILL HOLDINGS INC (BILL 0 04/01/30) NOTE 4/0 · principal 10,000,000$9.2MNew
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 8,004,000$9.1MReduce -11.1%
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 7,000,000$8.6MReduce -12.5%
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal 6,000,000$8.5MNo change
RAMACO RESOURCES INC (METC 0 11/01/31) NOTE 11/0 · principal 10,000,000$8.4MNew
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 6,000,000$8.4MAdd +33.3%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 5,004,000$8.2MReduce -16.6%
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 7,000,000$7.9MAdd +100.0%
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 5,000,000$7.8MReduce -23.1%
COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) NOTE 1.625%11/1 · principal 6,500,000$7.6MNew
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal 7,000,000$7.6MNew
EVOLENT HEALTH INC DEBT 4.500% 8/1 · principal 10,000,000$7.0MNew
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal 3,000,000$6.5MReduce -72.7%
EPR PROPERTIES (EPR 9 PERP E) CONV PFD 9% SR E 48,100$1.4MAdd +9.1%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 621$789KReduce -42.8%
TXNM ENERGY INC (TXNM 5.75 06/01/54) NOTE 5.750% 6/0 · principal 265,000$355KNo change
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal 235,000$348KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 12,386$239KReduce -6.9%
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 72,000$80KAdd +7.5%
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 66,000$69KAdd +15.8%
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 72,000$61KNo change
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 50,000$52KReduce -99.5%
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 32,000$45KAdd +14.3%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 36,000$40KReduce -99.7%
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 39,000$37KAdd +21.9%
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 23,000$24KAdd +9.5%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 22,000$24KReduce -99.8%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 25,000$23KAdd +38.9%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 15,000$15KAdd +7.1%
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) NOTE 1.750% 8/1 · principal 11,000$11KNew

Total filed on the 13F, all lines: $442.2B.

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -0.1% 3.60% −0.32
META Meta Platforms Inc. Class A Reduce -9.3% 1.17% −0.29
EA Electronic Arts Inc. Reduce -82.5% 0.04% −0.18
ETN Eaton Corp. PLC Reduce -41.0% 0.16% −0.17
NVDA Nvidia Corp. Reduce -2.3% 3.98% −0.16
ORCL Oracle Corp. Reduce -2.2% 0.31% −0.15
UBER Uber Technologies Inc. Reduce -27.4% 0.18% −0.12
JPM JPMorgan Chase & Co. Reduce -7.6% 1.41% −0.11
NOC Northrop Grumman Corp. Reduce -35.1% 0.14% −0.09
HD Home Depot Inc. Reduce -1.4% 0.37% −0.08
JCI Johnson Controls Internation Reduce -69.8% 0.04% −0.08
BX Blackstone Inc. Reduce -55.0% 0.05% −0.08
PEG Public Service Enterprise GP Reduce -43.0% 0.09% −0.08
LIN Linde PLC Reduce -8.6% 0.31% −0.07
SNPS Synopsys Inc. Reduce -23.8% 0.18% −0.07
TMUS T-Mobile US Inc. Reduce -24.5% 0.12% −0.07
CME Cme Group Inc. Reduce -22.8% 0.23% −0.07
FISV Fiserv Inc. Reduce -88.6% 0.00% −0.07
MRSH Marsh & McLennan Cos Reduce -16.9% 0.20% −0.07
CL Colgate-Palmolive Co. Reduce -52.6% 0.05% −0.06
ADP Automatic Data Processing Reduce -8.7% 0.23% −0.06
BLK BlackRock Inc. Reduce -3.8% 0.40% −0.06
T AT&T Inc. Reduce -4.1% 0.30% −0.06
ZTS Zoetis Inc. Reduce -41.2% 0.06% −0.06
GE General Electric Reduce -36.8% 0.08% −0.05
TT Trane Technologies PLC Reduce -9.3% 0.22% −0.05
NXPI NXP Semiconductors NV Reduce -19.5% 0.14% −0.05
ABT Abbott Laboratories Reduce -2.4% 0.37% −0.04
PANW Palo Alto Networks Inc. Reduce -5.5% 0.22% −0.04
ODFL Old Dominion Freight Line Reduce -83.2% 0.01% −0.04
MDLZ Mondelez International Inc. Class A Reduce -3.4% 0.19% −0.04
DELL Dell Technologies -C Reduce -21.1% 0.09% −0.04
FVD First Trust Value Line DVD Reduce -69.3% 0.02% −0.04
TLN Talen Energy Corp. Reduce -83.1% 0.01% −0.04
XLF SS Financial Select Sector Reduce -20.4% 0.14% −0.04
MELI MercadoLibre Inc. Reduce -8.4% 0.12% −0.04
COO The Cooper Cos Inc. Reduce -83.9% 0.01% −0.03
RCL Royal Caribbean Cruises Ltd. Reduce -27.8% 0.05% −0.03
PINS Pinterest Inc. Class A Reduce -0.8% 0.11% −0.03
VGLT Vanguard Long-Term Treasury Reduce -22.6% 0.09% −0.03
UNH Unitedhealth Group Inc. Reduce -3.9% 0.27% −0.03
CTAS Cintas Corp. Reduce -14.5% 0.09% −0.03
UNP Union Pacific Corp. Reduce -5.7% 0.27% −0.03
SO The Southern Co. Reduce -3.4% 0.19% −0.03
QUAL iShares MSCI USA Quality Fac Reduce -13.3% 0.18% −0.03
HWM Howmet Aerospace Inc. Reduce -18.5% 0.14% −0.03
TGT Target Corp. Reduce -43.9% 0.04% −0.02
RACE Ferrari NV Reduce -12.0% 0.05% −0.02
FFIV F5 Inc. Reduce -59.6% 0.01% −0.02
COHR Coherent Corp. Reduce -59.4% 0.05% −0.02

Portfolio Buys Q3 2025 → Q4 2025
CRM Salesforce Inc. Add +80.5% 0.53% +0.26
AZN Astrazeneca PLC-Spons ADR Add +83.9% 0.22% +0.12
AMD Advanced Micro Devices Add +64.6% 0.17% +0.09
TXN Texas Instruments Inc. Add +67.8% 0.24% +0.09
VZ Verizon Communications Inc. Add +69.7% 0.24% +0.08
PEP Pepsico Inc. Add +50.5% 0.23% +0.08
MRK Merck & Co. Inc. Add +0.3% 0.38% +0.07
GD General Dynamics Corp. Add +28.9% 0.36% +0.07
LHX L3HARRIS Technologies Inc. Add +145.9% 0.12% +0.07
JNJ Johnson & Johnson Add +2.1% 0.63% +0.07
CSCO Cisco Systems Inc. Add +2.0% 0.57% +0.07
DIS The Walt Disney Co. Add +18.7% 0.46% +0.06
SPGI S&P Global Inc. Add +30.6% 0.22% +0.06
FMDE Fidelity Enhanced Mid Cap Co. Add +367.9% 0.08% +0.06
WFC Wells Fargo & Co. Add +1.9% 0.59% +0.06
V Visa Inc. Class A Add +4.6% 1.09% +0.06
MSI Motorola Solutions Inc. Add +77.2% 0.18% +0.06
PM Philip Morris International Add +34.6% 0.22% +0.05
AEP American Electric Power Add +32.4% 0.21% +0.05
USIG iShares Broad Usd Investment Add +38.7% 0.19% +0.05
BDX Becton Dickinson and Co. Add +437.5% 0.06% +0.05
TEAM Atlassian Corp. Class A Add +146.3% 0.08% +0.05
WMT Walmart Inc. Add +0.3% 0.77% +0.05
TEL Te Connectivity PLC Add +11.7% 0.39% +0.05
TMO Thermo Fisher Scientific Inc. Add +7.1% 0.22% +0.05
GS Goldman Sachs Group Inc. Add +5.5% 0.36% +0.04
WM Waste Management Inc. Add +17.9% 0.33% +0.04
DYNF Ishrs US E F R A ETF-Usd Inc. Add +25.2% 0.21% +0.04
BNY Bank of New York Mellon Corp. Add +7.6% 0.38% +0.04
CRL Charles River Laboratories Add +125.6% 0.06% +0.04
GM General Motors Co. Add +12.6% 0.12% +0.04
IEMG iShares Core MSCI Emerging Add +61.7% 0.10% +0.04
QCOM Qualcomm Inc. Add +9.8% 0.38% +0.04
DASH DoorDash Inc. Class A Add +102.4% 0.09% +0.04
TPR Tapestry Inc. Add +33.4% 0.11% +0.04
AXP American Express Co. Add +1.6% 0.34% +0.03
IQLT iShares MSCI International Q Add +36.8% 0.13% +0.03
GILD Gilead Sciences Inc. Add +9.1% 0.22% +0.03
PCAR Paccar Inc. Add +276.0% 0.04% +0.03
FESM Fidelity Enhanced Small Cap Add +2263.3% 0.04% +0.03
NEM Newmont Corp. Add +19.7% 0.12% +0.03
BAI Ishrs AI in and Tech Act ETF Add +152.2% 0.05% +0.03
JBND JPMorgan Active Bond ETF Add +183.8% 0.05% +0.03
EVTR Eaton Vance Total Return Add +105.1% 0.06% +0.03
GAP The Gap Inc. Add +89.6% 0.05% +0.03
SCHW Schwab (charles) Corp. Add +12.3% 0.21% +0.03
HON Honeywell International Inc. Add +21.3% 0.28% +0.03
ILMN Illumina Inc. Add +162.4% 0.04% +0.03
AVDE Avantis International Equity Add +24.8% 0.11% +0.03
BCS Barclays PLC-Spons ADR Add +69.6% 0.05% +0.02

Options Activity Q3 2025 → Q4 2025
QQQ Invesco QQQ Trust Series 1 put Add +79.8% 300,800 $184.8M
TSLA Tesla Inc. put Sold out 125,700 $55.9Mbefore exit
BE Bloom Energy Corp. Class A call Add +14.2% 570,800 $49.6M
AAPL Apple Inc. call Sold out 191,200 $48.7Mbefore exit
HIMS Hims & Hers Health Inc. put Sold out 700,000 $39.7Mbefore exit
NVDA Nvidia Corp. call Sold out 208,600 $38.9Mbefore exit
GRAB Grab Holdings Ltd. Class A call New 4,895,000 $24.4M
ARKK ARK Innovation ETF put Sold out 250,000 $21.6Mbefore exit
QCOM Qualcomm Inc. call Sold out 110,200 $18.3Mbefore exit
JNJ Johnson & Johnson put Sold out 97,000 $18.0Mbefore exit
CRM Salesforce Inc. call New 55,100 $14.6M
GOOGL Alphabet Inc. Class A call Sold out 51,300 $12.5Mbefore exit
LYFT LYFT Inc. Class A call Sold out 500,000 $11.0Mbefore exit
ABNB Airbnb Inc. Class A call New 79,700 $10.8M
MRNA Moderna Inc. put Sold out 383,900 $9.9Mbefore exit
ANET Arista Networks Inc. call Sold out 64,300 $9.4Mbefore exit
MSFT Microsoft Corp. call Sold out 17,500 $9.1Mbefore exit
IONQ Ionq Inc. put Sold out 137,900 $8.5Mbefore exit
IWM iShares Russell 2000 ETF call Sold out 33,400 $8.1Mbefore exit
RBLX Roblox Corp. Class A put Sold out 56,400 $7.8Mbefore exit
TEM Tempus AI Inc. Class A put Sold out 93,100 $7.5Mbefore exit
RGTI Rigetti Computing Inc. put Sold out 229,800 $6.8Mbefore exit
SMH Vaneck Semiconductor ETF put New 17,400 $6.3M
RKLB Rocket Lab Corp. put Sold out 112,100 $5.4Mbefore exit
SNDK Sandisk Corp. put Reduce -58.7% 20,900 $5.0M
KKR KKR & Co. Inc. call Sold out 29,800 $3.9Mbefore exit
RCL Royal Caribbean Cruises Ltd. call New 13,400 $3.7M
SPOT Spotify Technology SA put Sold out 5,200 $3.6Mbefore exit
ARGX Argenx SE - ADR put Sold out 4,000 $3.0Mbefore exit
INSM Insmed Inc. put Sold out 19,700 $2.8Mbefore exit
RBRK Rubrik Inc. Class A put Sold out 32,500 $2.7Mbefore exit
CVNA Carvana Co. put New 5,900 $2.5M
JBL Jabil Inc. put Sold out 10,500 $2.3Mbefore exit
AMZN Amazon.com Inc. call New 9,400 $2.2M
KLAC KLA Corp. call Sold out 2,000 $2.2Mbefore exit
CRDO Credo Technology Group Holdi put New 14,500 $2.1M
QCOM Qualcomm Inc. put Sold out 12,000 $2.0Mbefore exit
TSEM Tower Semiconductor Ltd. put Sold out 26,700 $1.9Mbefore exit
SIMO Silicon Motion Technol-ADR put Sold out 19,800 $1.9Mbefore exit
MKSI MKS Inc. put Reduce -41.4% 11,600 $1.9M
SEI Solaris Energy Infrastructur put Reduce -61.1% 34,900 $1.6M
ORCL Oracle Corp. call Sold out 5,200 $1.5Mbefore exit
IREN Iren Ltd. put Sold out 30,500 $1.4Mbefore exit
RMBS Rambus Inc. put Sold out 13,200 $1.4Mbefore exit
CLS Celestica Inc. put Sold out 5,300 $1.3Mbefore exit
CVLT Commvault Systems Inc. call Sold out 6,600 $1.2Mbefore exit
GTLB Gitlab Inc. Class A call Sold out 26,400 $1.2Mbefore exit
WGS Genedx Holdings Corp. put Sold out 9,200 $991Kbefore exit
CLS Celestica Inc. call Sold out 3,500 $862Kbefore exit
CORT Corcept Therapeutics Inc. put Reduce -79.7% 23,700 $825K

Showing the first 50 of 55.

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

Notes & Other Activity Q3 2025 → Q4 2025
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +0.0% 1,149,883 $79.9M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -0.1% 48,256 $60.3M
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Add +2.2% 866,641 $57.3M
SOUTHERN CO (SO 7.125 12/15/28 A) UNIT 12/15/2028 New 1,077,336 $53.5M
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +49.6% 805,435 $47.4M
LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) NOTE 2.875% 1/1 · principal New 44,300,000 $46.5M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG Add +6.8% 787,000 $45.9M
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Reduce -10.9% 736,520 $37.1M
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Add +182.6% 650,001 $33.5M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Reduce -7.2% 634,600 $32.8M
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD Add +4.4% 473,350 $26.2M
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 Reduce -51.1% 524,400 $25.5M
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal Sold out 20,875,000 $23.2Mbefore exit
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Reduce -33.3% 5,003,000 $22.9M
BRUKER CORP (BRKR 6.375 09/01/28) 6.375 PREF SER A Reduce -23.0% 57,000 $20.8M
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF Add +15.9% 255,000 $20.4M
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A Add +65.0% 495,000 $20.3M
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Sold out 13,500,000 $19.8Mbefore exit
BLOOM ENERGY CORP (BE 3 06/01/29) NOTE 3.000% 6/0 · principal Sold out 4,500,000 $18.6Mbefore exit
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) UNIT 02/01/2027 Reduce -35.6% 145,000 $18.3M
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal Add +57.1% 11,000,000 $17.0M
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal Add +7.4% 14,505,000 $16.9M
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal Reduce -14.3% 15,000,000 $16.8M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -42.4% 217,312 $16.4M
MARA HOLDINGS INC (MARA 0 06/01/31) NOTE 6/0 · principal New 19,500,000 $16.2M
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal Sold out 16,000,000 $14.5Mbefore exit
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Reduce -38.5% 4,000,000 $13.4M
SYNAPTICS INC (SYNA 0.75 12/01/31) NOTE 0.750%12/0 · principal New 12,500,000 $13.2M
RWT HOLDINGS INC (RWT 5.75 10/01/25) NOTE 5.750%10/0 · principal Sold out 12,500,000 $12.5Mbefore exit
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal Add +4.6% 11,430,000 $12.5M
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal Sold out 9,000,000 $12.4Mbefore exit
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal Add +100.0% 12,000,000 $12.3M
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal Add +63900.0% 11,520,000 $12.3M
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal Add +28.6% 9,000,000 $12.0M
NOVANTA INC (NOVT 6.5 11/01/28) UNIT 11/01/2028 New 220,500 $12.0M
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal Reduce -2.5% 11,502,000 $11.6M
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal Reduce -35.7% 10,800,000 $11.6M
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal Reduce -18.2% 9,002,000 $11.5M
DATADOG INC (DDOG 0 12/01/29) NOTE 12/0 · principal New 11,500,000 $11.5M
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal Add +10.0% 11,002,000 $11.3M
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Reduce -23.1% 9,002,000 $11.3M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Reduce -57.7% 11,004,000 $11.3M
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal Sold out 10,000,000 $11.1Mbefore exit
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal Add +22.2% 11,000,000 $11.1M
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal Reduce -9.1% 10,000,000 $10.8M
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal Reduce -9.1% 10,000,000 $10.3M
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal Sold out 9,000,000 $10.2Mbefore exit
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal New 8,903,000 $10.2M
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal New 8,903,000 $10.0M
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal New 8,500,000 $9.3M

Showing the first 50 of 101.

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