Amundi
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Amundi reported 2,093 stock positions worth $274.3 billion. Its top holding was Microsoft (MSFT) at 5.3% of the portfolio, followed by Apple (AAPL, 5.1%) and Nvidia (NVDA, 5.0%). Compared with Q4 2024, it opened 139 new positions, sold out of 84, added to 822 and reduced 1,014. The biggest buy was Apple (AAPL, shares +27%) and the biggest sale Alphabet Class C (GOOG, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- Paris, I0
- CIK
- 0001330387
- Portfolio Value
- $274.3B (Q1 2025)
- SEC Filing
- 0000950123-25-005695 ↗ filed May 15, 2025
Holdings Value
Holdings 2,093 stocks · $274.3B
| MSFT Microsoft Corp. | 5.33% | 39,175,102 | $14.6B | Add +11.5% |
| AAPL Apple Inc. | 5.06% | 68,190,569 | $13.9B | Add +27.4% |
| NVDA Nvidia Corp. | 5.04% | 135,770,043 | $13.8B | Add +16.0% |
| AMZN Amazon.com Inc. | 3.60% | 55,337,037 | $9.9B | Add +15.1% |
| GOOGL Alphabet Inc. Class A | 1.84% | 33,403,871 | $5.0B | Add +11.8% |
| TSLA Tesla Inc. | 1.63% | 16,771,882 | $4.5B | Add +29.4% |
| META Meta Platforms Inc. Class A | 1.50% | 7,733,061 | $4.1B | Add +23.5% |
| LLY Eli Lilly & Co. | 1.43% | 4,953,128 | $3.9B | Add +12.9% |
| AVGO Broadcom Inc. | 1.32% | 23,483,504 | $3.6B | Add +101.7% |
| XOM Exxon Mobil Corp. | 1.08% | 26,386,120 | $3.0B | Add +9.7% |
| V Visa Inc. Class A | 1.08% | 8,714,323 | $3.0B | Add +5.2% |
| GOOG Alphabet Inc. Class C | 1.00% | 17,899,826 | $2.7B | Reduce -19.1% |
| MA Mastercard Inc. Class A | 0.94% | 4,865,255 | $2.6B | Reduce -0.7% |
| HD Home Depot Inc. | 0.92% | 7,113,074 | $2.5B | Reduce -5.8% |
| UNH Unitedhealth Group Inc. | 0.91% | 4,626,626 | $2.5B | Reduce -23.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.89% | 4,592,214 | $2.4B | Add +0.1% |
| COST Costco Wholesale Corp. | 0.70% | 1,996,162 | $1.9B | Reduce -13.2% |
| NFLX Netflix Inc. | 0.69% | 2,070,221 | $1.9B | Add +37.7% |
| JNJ Johnson & Johnson | 0.68% | 11,599,834 | $1.9B | Reduce -2.8% |
| ADBE Adobe Inc. | 0.65% | 4,848,521 | $1.8B | Add +24.8% |
| ORCL Oracle Corp. | 0.64% | 12,736,855 | $1.7B | Add +3.3% |
| CSCO Cisco Systems Inc. | 0.61% | 29,170,847 | $1.7B | Add +11.0% |
| AMD Advanced Micro Devices | 0.61% | 17,829,010 | $1.7B | Add +8.0% |
| ISRG Intuitive Surgical Inc. | 0.60% | 3,303,194 | $1.6B | Add +7.6% |
| CRM Salesforce Inc. | 0.57% | 6,142,904 | $1.6B | Add +5.0% |
| BKNG Booking Holdings Inc. | 0.57% | 352,260 | $1.6B | Add +3.2% |
| KO The Coca-Cola Co. | 0.57% | 21,236,315 | $1.6B | Add +16.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.56% | 6,338,051 | $1.5B | Reduce -8.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.55% | 3,098,869 | $1.5B | Reduce -5.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.54% | 11,888,455 | $1.5B | Add +10.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 39,233,293 | $1.5B | Add +3.7% |
| UBER Uber Technologies Inc. | 0.53% | 20,730,350 | $1.5B | Add +2.0% |
| TMO Thermo Fisher Scientific Inc. | 0.52% | 3,029,044 | $1.4B | Add +5.9% |
| INTU Intuit Inc. | 0.52% | 2,362,730 | $1.4B | Add +2.5% |
| PG The Procter & Gamble Co. | 0.51% | 8,120,792 | $1.4B | Reduce -8.7% |
| WMT Walmart Inc. | 0.50% | 15,783,138 | $1.4B | Add +1.1% |
| ABBV Abbvie Inc. | 0.49% | 6,658,324 | $1.3B | Reduce -20.2% |
| CVX Chevron Corp. | 0.49% | 8,558,240 | $1.3B | Reduce -2.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.48% | 14,882,195 | $1.3B | Add +11.4% |
| LIN Linde PLC | 0.48% | 2,846,051 | $1.3B | Add +1.7% |
| JPM JPMorgan Chase & Co. | 0.48% | 5,766,026 | $1.3B | Add +8.5% |
| NOW ServiceNow Inc. | 0.46% | 1,638,927 | $1.3B | Add +61.9% |
| PFE Pfizer Inc. | 0.46% | 52,090,403 | $1.3B | Add +43.4% |
| BSX Boston Scientific Corp. | 0.44% | 12,308,715 | $1.2B | Add +2.6% |
| RACE Ferrari NV | 0.44% | 2,805,852 | $1.2B | Reduce -4.3% |
| QCOM Qualcomm Inc. | 0.43% | 8,346,570 | $1.2B | Reduce -42.8% |
| MRK Merck & Co. Inc. | 0.41% | 13,077,716 | $1.1B | Add +37.1% |
| ACN Accenture PLC Class A | 0.40% | 3,631,398 | $1.1B | Reduce -4.2% |
| SPGI S&P Global Inc. | 0.39% | 2,209,846 | $1.1B | Reduce -5.8% |
| ICE Intercontinental Exchange Inc. | 0.39% | 6,315,706 | $1.1B | Add +14.7% |
| ORLY O'reilly Automotive Inc. | 0.39% | 734,322 | $1.1B | Add +4.7% |
| AMAT Applied Materials Inc. | 0.38% | 7,656,034 | $1.0B | Add +15.8% |
| KLAC KLA Corp. | 0.37% | 1,645,599 | $1.0B | Add +18.0% |
| GILD Gilead Sciences Inc. | 0.36% | 8,853,056 | $995.0M | Reduce -1.9% |
| REGN Regeneron Pharmaceuticals | 0.36% | 1,603,901 | $979.8M | Add +3.4% |
| GS Goldman Sachs Group Inc. | 0.35% | 1,891,260 | $967.2M | Add +13.6% |
| PEP Pepsico Inc. | 0.35% | 6,338,812 | $959.5M | Reduce -31.7% |
| TXN Texas Instruments Inc. | 0.35% | 5,769,589 | $947.4M | Reduce -13.3% |
| VZ Verizon Communications Inc. | 0.34% | 20,536,305 | $936.5M | Reduce -18.6% |
| FCX Freeport-McMoran Inc. | 0.34% | 27,635,497 | $927.6M | Add +28.1% |
| TFC Truist Financial Corp. | 0.34% | 24,774,656 | $919.3M | Add +4.6% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 10,620,301 | $887.9M | Add +56.1% |
| NEE Nextera Energy Inc. | 0.32% | 12,200,990 | $878.4M | Add +27.9% |
| MSI Motorola Solutions Inc. | 0.32% | 2,014,384 | $877.5M | Reduce -4.9% |
| C Citigroup Inc. | 0.32% | 13,713,517 | $864.6M | Add +78.4% |
| EQIX Equinix Inc. | 0.31% | 1,068,003 | $856.6M | Add +21.6% |
| TMUS T-Mobile US Inc. | 0.31% | 3,176,925 | $851.1M | Add +34.4% |
| INTC Intel Corp. | 0.31% | 37,878,097 | $849.6M | Add +22.0% |
| ABT Abbott Laboratories | 0.30% | 6,290,489 | $828.1M | Reduce -9.0% |
| MLM Martin Marietta Materials | 0.30% | 1,706,416 | $827.3M | Add +9.2% |
| FER Ferrovial NV | 0.29% | 17,636,889 | $808.5M | Add +43.9% |
| DB Deutsche Bank AG-Registered | 0.29% | 35,261,508 | $806.8M | Reduce -10.0% |
| STLA Stellantis NV | 0.29% | 78,473,374 | $801.2M | Add +6.4% |
| LRCX Lam Research Corp. | 0.29% | 12,140,419 | $801.1M | Reduce -6.2% |
| ADSK Autodesk Inc. | 0.29% | 3,088,542 | $794.3M | Reduce -1.4% |
| UNP Union Pacific Corp. | 0.29% | 3,527,346 | $790.0M | Reduce -11.7% |
| WFC Wells Fargo & Co. | 0.29% | 11,970,261 | $786.1M | Reduce -3.0% |
| WM Waste Management Inc. | 0.29% | 3,311,548 | $783.3M | Reduce -15.0% |
| USB US Bancorp | 0.28% | 19,907,665 | $773.3M | Add +2.2% |
| T AT&T Inc. | 0.28% | 26,815,377 | $766.9M | Reduce -21.1% |
| ADP Automatic Data Processing | 0.28% | 2,489,291 | $760.2M | Reduce -20.2% |
| UPS United Parcel Service Class B | 0.27% | 7,494,486 | $751.3M | Reduce -25.4% |
| ETN Eaton Corp. PLC | 0.27% | 2,805,613 | $735.2M | Add +8.0% |
| APH Amphenol Corp. Class A | 0.27% | 11,589,011 | $729.5M | Reduce -17.5% |
| ADI Analog Devices Inc. | 0.26% | 3,892,848 | $708.1M | Add +29.2% |
| CRH CRH PLC | 0.25% | 7,979,264 | $689.0M | Add +11.8% |
| PGR Progressive Corp. | 0.25% | 2,401,077 | $688.5M | Reduce -26.3% |
| MCD McDonald's Corp. | 0.24% | 2,057,925 | $655.0M | Reduce -7.4% |
| VLTO Veralto Corp. | 0.24% | 6,826,433 | $646.2M | Reduce -4.8% |
| AMT American Tower Corp. | 0.24% | 2,838,421 | $645.7M | Add +35.5% |
| FISV Fiserv Inc. | 0.24% | 2,973,749 | $645.0M | Reduce -1.4% |
| ANET Arista Networks Inc. | 0.22% | 8,582,109 | $611.9M | Add +35.3% |
| NEM Newmont Corp. | 0.22% | 12,646,114 | $611.2M | Add +2.8% |
| DHR Danaher Corp. | 0.22% | 3,053,611 | $605.2M | Add +1.2% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 3,200,479 | $600.5M | Add +124.0% |
| AMGN Amgen Inc. | 0.22% | 1,926,941 | $597.1M | Reduce -25.9% |
| LNG Cheniere Energy Inc. | 0.22% | 2,703,299 | $595.2M | Add +0.3% |
| WELL Welltower Inc. | 0.21% | 3,798,128 | $578.9M | Add +0.6% |
| RTX RTX Corp. | 0.21% | 4,445,159 | $578.9M | Reduce -29.3% |
| ZTS Zoetis Inc. | 0.21% | 3,595,628 | $575.7M | Add +30.8% |
Options reported separately and not counted above: CIFR calls ($842K), AU calls ($8K), AEM calls ($8K), ADV calls ($8K), MSFT calls ($7K), AVGO calls ($5K), WMB puts ($2K).
Other holdings (89): bonds, preferreds, convertibles and warrants · $377.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 39,029,000 | $34.0M | No change |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 32,768,000 | $32.2M | Reduce -11.5% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 14,000,000 | $14.4M | Reduce -9.4% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 12,500,000 | $12.1M | Reduce -21.9% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 8,600,000 | $10.2M | New |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 4,120,000 | $9.8M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 10,750,000 | $9.0M | Reduce -19.5% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 9,525,000 | $9.0M | Add +12.4% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 8,000,000 | $8.0M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 7,000,000 | $7.7M | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 7,500,000 | $7.6M | Add +50.0% |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 7,000,000 | $7.6M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 7,500,000 | $7.5M | No change |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 6,000,000 | $7.2M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 7,900,000 | $7.1M | Add +5.3% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 5,663,000 | $6.8M | Add +119.9% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 7,000,000 | $6.6M | Add +7.7% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 6,567,000 | $6.5M | No change |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 5,500,000 | $6.0M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 6,500,000 | $6.0M | Add +8.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 4,799 | $5.7M | No change |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 4,800,000 | $5.5M | Reduce -31.4% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 7,434,000 | $5.4M | Add +51.7% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 6,000,000 | $5.3M | Add +20.0% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 4,160,000 | $5.3M | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 6,000,000 | $5.1M | Reduce -43.8% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 4,400,000 | $4.9M | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 5,000,000 | $4.7M | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 5,140,000 | $4.7M | Reduce -22.6% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 4,100,000 | $4.6M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 4,550,000 | $4.4M | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 3,500,000 | $4.4M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 3,850,000 | $4.3M | Add +83.3% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 3,280,000 | $4.2M | Reduce -21.5% |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 4,200,000 | $4.2M | Add +16.7% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 5,000,000 | $4.1M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 4,350,000 | $4.0M | No change |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 2,740,000 | $3.7M | Reduce -46.7% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 3,621,000 | $3.6M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 3,200,000 | $3.6M | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 3,500,000 | $3.2M | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 3,348,000 | $3.2M | Add +17.6% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 3,300,000 | $3.1M | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 3,306,000 | $3.1M | Add +13.8% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 2,398,000 | $3.0M | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 3,000,000 | $3.0M | Add +50.0% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 2,858,000 | $2.8M | Add +479.7% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,150,000 | $2.8M | No change |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 3,000,000 | $2.7M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,500,000 | $2.7M | New |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 2,600,000 | $2.5M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 2,900,000 | $2.5M | Add +16.0% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 2,300,000 | $2.4M | Add +15.0% |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 2,325,000 | $2.3M | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 2,300,000 | $2.2M | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 2,500,000 | $2.2M | Add +19.1% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 2,300,000 | $2.2M | Add +15.0% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 3,009,000 | $2.1M | Add +67.2% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 2,200,000 | $2.1M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 1,500,000 | $1.7M | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 2,000,000 | $1.7M | Add +17.6% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 1,500,000 | $1.7M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,600,000 | $1.7M | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 1,750,000 | $1.6M | Add +16.7% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 1,597,000 | $1.6M | Add +360.2% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 1,390,000 | $1.6M | Reduce -35.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,100,000 | $1.4M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,147,000 | $1.4M | Reduce -41.1% |
| NIO INC (NIO 0 02/01/26) | NOTE 2/0 · principal | 712,000 | $709K | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 580,000 | $605K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 600,000 | $501K | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 518,000 | $462K | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 480,000 | $437K | Reduce -95.3% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 456,000 | $434K | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 291,000 | $351K | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 324,000 | $339K | No change |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 351,000 | $317K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 315,000 | $291K | No change |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 265,000 | $258K | No change |
| NEOGENOMICS INC (NEO 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 255,000 | $253K | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 273,000 | $250K | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 175,000 | $233K | Reduce -44.4% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 70,000 | $232K | No change |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 150,000 | $194K | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 200,000 | $190K | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 174,000 | $174K | No change |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 85,000 | $158K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 168,000 | $156K | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 100,000 | $98K | No change |
Total filed on the 13F, all lines: $274.7B.
Portfolio Sells Q4 2024 → Q1 2025
| GOOG Alphabet Inc. Class C | Reduce -19.1% | 1.00% | −0.51 |
| QCOM Qualcomm Inc. | Reduce -42.8% | 0.43% | −0.38 |
| UNH Unitedhealth Group Inc. | Reduce -23.8% | 0.91% | −0.20 |
| UPS United Parcel Service Class B | Reduce -25.4% | 0.27% | −0.17 |
| MRSH Marsh & McLennan Cos | Reduce -62.5% | 0.14% | −0.16 |
| CMCSA Comcast Corp. Class A | Reduce -50.0% | 0.16% | −0.15 |
| SLB SLB Ltd. | Reduce -52.6% | 0.13% | −0.12 |
| PEP Pepsico Inc. | Reduce -31.7% | 0.35% | −0.12 |
| CL Colgate-Palmolive Co. | Reduce -44.3% | 0.18% | −0.10 |
| CAT Caterpillar Inc. | Reduce -28.2% | 0.17% | −0.10 |
| TXN Texas Instruments Inc. | Reduce -13.3% | 0.35% | −0.10 |
| PYPL PayPal Holdings Inc. | Reduce -8.5% | 0.20% | −0.10 |
| HD Home Depot Inc. | Reduce -5.8% | 0.92% | −0.10 |
| APH Amphenol Corp. Class A | Reduce -17.5% | 0.27% | −0.08 |
| SHW The Sherwin-Williams Co. | Reduce -40.5% | 0.13% | −0.08 |
| LOW Lowe's Cos Inc. | Reduce -31.0% | 0.15% | −0.08 |
| PANW Palo Alto Networks Inc. | Reduce -31.9% | 0.16% | −0.07 |
| CFG Citizens Financial Group | Reduce -20.7% | 0.15% | −0.07 |
| ACN Accenture PLC Class A | Reduce -4.2% | 0.40% | −0.07 |
| ROK Rockwell Automation Inc. | Reduce -25.3% | 0.14% | −0.07 |
| BKR Baker Hughes Co. | Reduce -29.9% | 0.15% | −0.07 |
| EA Electronic Arts Inc. | Reduce -43.5% | 0.09% | −0.06 |
| PSX Phillips 66 | Reduce -38.0% | 0.09% | −0.06 |
| STT State Street Corp. | Reduce -21.8% | 0.13% | −0.06 |
| NSC Norfolk Southern Corp. | Reduce -49.5% | 0.05% | −0.05 |
| LRCX Lam Research Corp. | Reduce -6.2% | 0.29% | −0.05 |
| TT Trane Technologies PLC | Reduce -16.6% | 0.16% | −0.05 |
| ROST Ross Stores Inc. | Reduce -11.3% | 0.19% | −0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -28.3% | 0.13% | −0.05 |
| RTX RTX Corp. | Reduce -29.3% | 0.21% | −0.04 |
| TTD Trade Desk Inc./the Class A | Reduce -12.3% | 0.03% | −0.04 |
| ADP Automatic Data Processing | Reduce -20.2% | 0.28% | −0.04 |
| P Everpure Inc. Class A | Reduce -7.1% | 0.06% | −0.04 |
| KEYS Keysight Technologies Inc. | Reduce -8.2% | 0.15% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -13.2% | 0.70% | −0.04 |
| LYB Lyondellbasell Indu Class A | Reduce -34.1% | 0.06% | −0.04 |
| AMP Ameriprise Financial Inc. | Reduce -23.5% | 0.08% | −0.04 |
| BA The Boeing Co. | Reduce -35.3% | 0.06% | −0.04 |
| SBUX Starbucks Corp. | Reduce -24.1% | 0.12% | −0.04 |
| CARR Carrier Global Corp. | Reduce -37.8% | 0.05% | −0.04 |
| SNPS Synopsys Inc. | Reduce -11.0% | 0.13% | −0.04 |
| AXP American Express Co. | Reduce -1.5% | 0.19% | −0.04 |
| TRU Transunion | Reduce -82.4% | 0.01% | −0.04 |
| FDX FedEx Corp. | Reduce -51.4% | 0.02% | −0.04 |
| FSLR First Solar Inc. | Reduce -6.8% | 0.08% | −0.04 |
| CI The Cigna Group | Reduce -33.4% | 0.18% | −0.03 |
| CDNS Cadence Design SYS Inc. | Reduce -8.3% | 0.13% | −0.03 |
| TECK Teck Resources Ltd.-CLS B | Reduce -2.4% | 0.18% | −0.03 |
| UNP Union Pacific Corp. | Reduce -11.7% | 0.29% | −0.03 |
| JNPR Juniper Networks Inc. | Reduce -60.1% | 0.02% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| AAPL Apple Inc. | Add +27.4% | 5.06% | +0.53 |
| AVGO Broadcom Inc. | Add +101.7% | 1.32% | +0.39 |
| NFLX Netflix Inc. | Add +37.7% | 0.69% | +0.23 |
| LLY Eli Lilly & Co. | Add +12.9% | 1.43% | +0.22 |
| XOM Exxon Mobil Corp. | Add +9.7% | 1.08% | +0.19 |
| V Visa Inc. Class A | Add +5.2% | 1.08% | +0.18 |
| KO The Coca-Cola Co. | Add +16.0% | 0.57% | +0.17 |
| META Meta Platforms Inc. Class A | Add +23.5% | 1.50% | +0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 0.89% | +0.17 |
| PLTR Palantir Technologies Inc. Class A | Add +56.1% | 0.32% | +0.16 |
| MSFT Microsoft Corp. | Add +11.5% | 5.33% | +0.14 |
| GE General Electric | Add +124.0% | 0.22% | +0.13 |
| TMUS T-Mobile US Inc. | Add +34.4% | 0.31% | +0.13 |
| NRG NRG Energy Inc. | Add +772.5% | 0.15% | +0.13 |
| PINS Pinterest Inc. Class A | Add +618.9% | 0.15% | +0.12 |
| PFE Pfizer Inc. | Add +43.4% | 0.46% | +0.12 |
| C Citigroup Inc. | Add +78.4% | 0.32% | +0.12 |
| FER Ferrovial NV | Add +43.9% | 0.29% | +0.12 |
| ICE Intercontinental Exchange Inc. | Add +14.7% | 0.39% | +0.11 |
| AMT American Tower Corp. | Add +35.5% | 0.24% | +0.10 |
| INTC Intel Corp. | Add +22.0% | 0.31% | +0.09 |
| NOW ServiceNow Inc. | Add +61.9% | 0.46% | +0.09 |
| ORLY O'reilly Automotive Inc. | Add +4.7% | 0.39% | +0.09 |
| TJX TJX Companies Inc. | Add +10.2% | 0.54% | +0.09 |
| NEE Nextera Energy Inc. | Add +27.9% | 0.32% | +0.08 |
| ADBE Adobe Inc. | Add +24.8% | 0.65% | +0.08 |
| MRK Merck & Co. Inc. | Add +37.1% | 0.41% | +0.08 |
| GEV GE Vernova Inc. | Add +109.0% | 0.18% | +0.08 |
| LIN Linde PLC | Add +1.7% | 0.48% | +0.08 |
| UBER Uber Technologies Inc. | Add +2.0% | 0.53% | +0.07 |
| CSCO Cisco Systems Inc. | Add +11.0% | 0.61% | +0.07 |
| SNAP Snap Inc. Class A | Add +747.3% | 0.08% | +0.07 |
| PWR Quanta Services Inc. | Add +188.3% | 0.11% | +0.07 |
| ASML ASML Holding NV-NY Reg SHS | Add +91.6% | 0.15% | +0.06 |
| KKR KKR & Co. Inc. | Add +114.2% | 0.17% | +0.06 |
| EXC Exelon Corp. | Add +34.3% | 0.14% | +0.06 |
| VRSN Verisign Inc. | Add +71.3% | 0.11% | +0.06 |
| NEM Newmont Corp. | Add +2.8% | 0.22% | +0.06 |
| CPRT Copart Inc. | Add +32.5% | 0.19% | +0.05 |
| ZTS Zoetis Inc. | Add +30.8% | 0.21% | +0.05 |
| CTSH Cognizant Tech Solutions-A | Add +61.6% | 0.12% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +29.6% | 0.16% | +0.05 |
| COIN Coinbase Global Inc. Class A | Add +170.2% | 0.10% | +0.05 |
| WELL Welltower Inc. | Add +0.6% | 0.21% | +0.04 |
| AEM Agnico Eagle Mines Ltd. | Add +4.7% | 0.15% | +0.04 |
| PNC PNC Financial Services Group | Add +76.1% | 0.13% | +0.04 |
| COR Cencora Inc. | Add +9.8% | 0.16% | +0.04 |
| EXPE Expedia Group Inc. | Add +197.5% | 0.07% | +0.04 |
| KLAC KLA Corp. | Add +18.0% | 0.37% | +0.04 |
| MCK McKesson Corp. | Add +3.5% | 0.17% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| AU Anglogold Ashanti PLC | call | Add +18.6% | 22,300 | $8K |
| INTU Intuit Inc. | call | Sold out | 1,300 | $8Kbefore exit |
| AEM Agnico Eagle Mines Ltd. | call | New | 7,500 | $8K |
| AMD Advanced Micro Devices | call | Sold out | 5,000 | $6Kbefore exit |
| WPM Wheaton Precious Metals Corp. | call | Sold out | 9,400 | $5Kbefore exit |
| AVGO Broadcom Inc. | call | Reduce -44.6% | 3,100 | $5K |
| WMB Williams Cos Inc. | put | New | 3,900 | $2K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | Reduce -11.5% | 32,768,000 | $32.2M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -9.4% | 14,000,000 | $14.4M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -21.9% | 12,500,000 | $12.1M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 8,600,000 | $10.2M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -19.5% | 10,750,000 | $9.0M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Add +12.4% | 9,525,000 | $9.0M |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | Sold out | 8,000,000 | $7.9Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +50.0% | 7,500,000 | $7.6M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 6,000,000 | $7.2M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Add +5.3% | 7,900,000 | $7.1M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +119.9% | 5,663,000 | $6.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +7.7% | 7,000,000 | $6.6M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +8.3% | 6,500,000 | $6.0M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Reduce -31.4% | 4,800,000 | $5.5M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +51.7% | 7,434,000 | $5.4M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +20.0% | 6,000,000 | $5.3M |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | Reduce -43.8% | 6,000,000 | $5.1M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Sold out | 5,500,000 | $4.7Mbefore exit |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -22.6% | 5,140,000 | $4.7M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | New | 4,550,000 | $4.4M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +83.3% | 3,850,000 | $4.3M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Reduce -21.5% | 3,280,000 | $4.2M |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | Add +16.7% | 4,200,000 | $4.2M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 5,000,000 | $4.1M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Sold out | 4,000,000 | $4.0Mbefore exit |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -46.7% | 2,740,000 | $3.7M |
| REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) | NOTE 1.750% 2/1 · principal | Sold out | 3,432,000 | $3.3Mbefore exit |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +17.6% | 3,348,000 | $3.2M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +13.8% | 3,306,000 | $3.1M |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Sold out | 3,300,000 | $3.0Mbefore exit |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Add +50.0% | 3,000,000 | $3.0M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +479.7% | 2,858,000 | $2.8M |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | Sold out | 2,800,000 | $2.8Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 2,500,000 | $2.7M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +16.0% | 2,900,000 | $2.5M |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | Add +15.0% | 2,300,000 | $2.4M |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Add +19.1% | 2,500,000 | $2.2M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Add +15.0% | 2,300,000 | $2.2M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Add +67.2% | 3,009,000 | $2.1M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Sold out | 2,176,000 | $2.0Mbefore exit |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | Sold out | 1,900,000 | $1.9Mbefore exit |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Sold out | 2,000,000 | $1.8Mbefore exit |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | Add +17.6% | 2,000,000 | $1.7M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Add +16.7% | 1,750,000 | $1.6M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +360.2% | 1,597,000 | $1.6M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -35.0% | 1,390,000 | $1.6M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Reduce -41.1% | 1,147,000 | $1.4M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 1,250,000 | $1.2Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Sold out | 510,000 | $543Kbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Reduce -95.3% | 480,000 | $437K |
Showing the first 50 of 55.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 1,984 | $414.7B | NVDA, AAPL, MSFT, TTE, AMZN |
| Q1 2026 | 1,963 | $367.1B | NVDA, TTE, AAPL, MSFT, AMZN |
| Q4 2025 | 1,781 | $329.3B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 1,558 | $311.1B | NVDA, MSFT, AAPL, AMZN, TSLA |
| Q2 2025 | 1,583 | $287.4B | NVDA, MSFT, AAPL, AMZN, TSLA |
| Q1 2025 | 2,093 | $274.3B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q4 2024 | 2,038 | $287.2B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2024 | 1,845 | $270.9B | NVDA, MSFT, AAPL, AMZN, LLY |
| Q2 2024 | 1,812 | $260.5B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 1,875 | $232.2B | MSFT, NVDA, AMZN, AAPL, GOOGL |