Amundi
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Amundi reported 1,583 stock positions worth $287.4 billion. Its top holding was Nvidia (NVDA) at 6.8% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Apple (AAPL, 4.9%). Compared with Q1 2025, it opened 66 new positions, sold out of 576, added to 639 and reduced 831. The biggest buy was Tesla (TSLA, shares +20%) and the biggest sale Eli Lilly (LLY, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- Paris, I0
- CIK
- 0001330387
- Portfolio Value
- $287.4B (Q2 2025)
- SEC Filing
- 0001172661-25-003210 ↗ filed Aug 13, 2025
Holdings Value
Holdings 1,583 stocks · $287.4B
| NVDA Nvidia Corp. | 6.76% | 123,639,727 | $19.4B | Reduce -8.9% |
| MSFT Microsoft Corp. | 5.44% | 31,947,749 | $15.6B | Reduce -18.4% |
| AAPL Apple Inc. | 4.91% | 66,459,700 | $14.1B | Reduce -2.5% |
| AMZN Amazon.com Inc. | 3.90% | 50,978,171 | $11.2B | Reduce -7.9% |
| TSLA Tesla Inc. | 2.22% | 20,194,152 | $6.4B | Add +20.4% |
| AVGO Broadcom Inc. | 2.02% | 21,500,293 | $5.8B | Reduce -8.4% |
| GOOGL Alphabet Inc. Class A | 1.99% | 32,011,291 | $5.7B | Reduce -4.2% |
| META Meta Platforms Inc. Class A | 1.95% | 7,859,464 | $5.6B | Add +1.6% |
| GOOG Alphabet Inc. Class C | 1.18% | 18,942,588 | $3.4B | Add +5.8% |
| HD Home Depot Inc. | 1.02% | 7,903,550 | $2.9B | Add +11.1% |
| LLY Eli Lilly & Co. | 0.97% | 3,561,227 | $2.8B | Reduce -28.1% |
| NFLX Netflix Inc. | 0.95% | 2,131,370 | $2.7B | Add +3.0% |
| XOM Exxon Mobil Corp. | 0.87% | 22,533,295 | $2.5B | Reduce -14.6% |
| V Visa Inc. Class A | 0.80% | 6,506,452 | $2.3B | Reduce -25.3% |
| COST Costco Wholesale Corp. | 0.75% | 2,190,424 | $2.2B | Add +9.7% |
| CRM Salesforce Inc. | 0.73% | 7,755,317 | $2.1B | Add +26.3% |
| UNH Unitedhealth Group Inc. | 0.66% | 6,191,871 | $1.9B | Add +33.8% |
| WMT Walmart Inc. | 0.66% | 19,493,644 | $1.9B | Add +23.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 3,954,477 | $1.9B | Reduce -13.9% |
| QCOM Qualcomm Inc. | 0.65% | 11,533,094 | $1.9B | Add +38.2% |
| JNJ Johnson & Johnson | 0.61% | 11,191,098 | $1.7B | Reduce -3.5% |
| ABBV Abbvie Inc. | 0.60% | 9,093,696 | $1.7B | Add +36.6% |
| MA Mastercard Inc. Class A | 0.60% | 3,063,688 | $1.7B | Reduce -37.0% |
| ORCL Oracle Corp. | 0.58% | 7,250,534 | $1.7B | Reduce -43.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 34,061,025 | $1.7B | Reduce -13.2% |
| NOW ServiceNow Inc. | 0.57% | 1,609,148 | $1.6B | Reduce -1.8% |
| AMD Advanced Micro Devices | 0.55% | 11,473,362 | $1.6B | Reduce -35.6% |
| JPM JPMorgan Chase & Co. | 0.55% | 5,420,044 | $1.6B | Reduce -6.0% |
| ADBE Adobe Inc. | 0.55% | 4,145,637 | $1.6B | Reduce -14.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.54% | 12,717,079 | $1.6B | Reduce -14.6% |
| PLTR Palantir Technologies Inc. Class A | 0.52% | 11,305,957 | $1.5B | Add +6.5% |
| AMAT Applied Materials Inc. | 0.52% | 7,871,960 | $1.5B | Add +2.8% |
| INTU Intuit Inc. | 0.50% | 1,877,784 | $1.4B | Reduce -20.5% |
| LIN Linde PLC | 0.50% | 3,019,725 | $1.4B | Add +6.1% |
| PG The Procter & Gamble Co. | 0.47% | 8,459,895 | $1.4B | Add +4.2% |
| MRK Merck & Co. Inc. | 0.47% | 16,532,657 | $1.4B | Add +26.4% |
| RACE Ferrari NV | 0.47% | 2,752,459 | $1.4B | Reduce -1.9% |
| ISRG Intuitive Surgical Inc. | 0.47% | 2,488,028 | $1.3B | Reduce -24.7% |
| CSCO Cisco Systems Inc. | 0.45% | 19,141,130 | $1.3B | Reduce -34.4% |
| TXN Texas Instruments Inc. | 0.44% | 5,865,096 | $1.3B | Add +1.7% |
| KO The Coca-Cola Co. | 0.44% | 17,810,516 | $1.3B | Reduce -16.1% |
| BKNG Booking Holdings Inc. | 0.43% | 216,101 | $1.2B | Reduce -38.6% |
| CVX Chevron Corp. | 0.43% | 8,296,318 | $1.2B | Reduce -3.1% |
| MCD McDonald's Corp. | 0.41% | 4,032,676 | $1.2B | Add +96.0% |
| DB Deutsche Bank AG-Registered | 0.41% | 40,664,519 | $1.2B | Add +15.3% |
| GILD Gilead Sciences Inc. | 0.41% | 10,467,411 | $1.2B | Add +18.2% |
| WFC Wells Fargo & Co. | 0.41% | 14,155,753 | $1.2B | Add +18.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.41% | 4,052,325 | $1.2B | Reduce -36.1% |
| STLA Stellantis NV | 0.40% | 110,680,258 | $1.1B | Add +41.0% |
| UNP Union Pacific Corp. | 0.39% | 4,782,577 | $1.1B | Add +35.6% |
| SPGI S&P Global Inc. | 0.39% | 2,134,686 | $1.1B | Reduce -3.4% |
| C Citigroup Inc. | 0.38% | 12,605,513 | $1.1B | Reduce -8.1% |
| KLAC KLA Corp. | 0.38% | 1,195,764 | $1.1B | Reduce -27.3% |
| BSX Boston Scientific Corp. | 0.37% | 10,199,754 | $1.1B | Reduce -17.1% |
| ADI Analog Devices Inc. | 0.36% | 4,292,827 | $1.0B | Add +10.3% |
| LRCX Lam Research Corp. | 0.36% | 10,777,072 | $1.0B | Reduce -11.2% |
| TMO Thermo Fisher Scientific Inc. | 0.35% | 2,379,206 | $1.0B | Reduce -21.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 7,964,261 | $998.0M | Reduce -33.0% |
| INTC Intel Corp. | 0.33% | 43,995,698 | $962.6M | Add +16.1% |
| ADP Automatic Data Processing | 0.33% | 3,109,120 | $948.5M | Add +24.9% |
| PFE Pfizer Inc. | 0.33% | 37,447,516 | $948.2M | Reduce -28.1% |
| PEP Pepsico Inc. | 0.32% | 6,646,226 | $907.1M | Add +4.8% |
| ANET Arista Networks Inc. | 0.31% | 8,902,915 | $900.4M | Add +3.7% |
| VZ Verizon Communications Inc. | 0.31% | 20,131,876 | $880.0M | Reduce -2.0% |
| EQIX Equinix Inc. | 0.30% | 1,094,868 | $871.6M | Add +2.5% |
| UBER Uber Technologies Inc. | 0.30% | 9,410,151 | $866.2M | Reduce -54.6% |
| GS Goldman Sachs Group Inc. | 0.30% | 1,196,441 | $856.4M | Reduce -36.7% |
| ABT Abbott Laboratories | 0.29% | 6,286,619 | $843.0M | Reduce -0.1% |
| ADSK Autodesk Inc. | 0.29% | 2,646,934 | $821.4M | Reduce -14.3% |
| MS Morgan Stanley | 0.28% | 5,843,655 | $815.2M | Add +12.4% |
| ACN Accenture PLC Class A | 0.28% | 2,669,190 | $809.8M | Reduce -26.5% |
| WM Waste Management Inc. | 0.28% | 3,596,281 | $804.8M | Add +8.6% |
| NEE Nextera Energy Inc. | 0.27% | 10,680,902 | $776.9M | Reduce -12.5% |
| CAT Caterpillar Inc. | 0.27% | 1,911,674 | $761.7M | Add +22.9% |
| AXP American Express Co. | 0.25% | 2,250,375 | $732.7M | Add +4.8% |
| XYL Xylem Inc. | 0.25% | 5,714,576 | $730.7M | Add +17.0% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.25% | 1,783,982 | $717.7M | Add +378.9% |
| T AT&T Inc. | 0.25% | 25,255,164 | $715.0M | Reduce -5.8% |
| UBS UBS Group AG-Reg | 0.25% | 20,346,519 | $707.4M | Add +18.1% |
| ETN Eaton Corp. PLC | 0.24% | 1,971,439 | $689.9M | Reduce -29.7% |
| GEV GE Vernova Inc. | 0.24% | 1,359,455 | $686.6M | Reduce -18.4% |
| AMGN Amgen Inc. | 0.24% | 2,303,169 | $683.7M | Add +19.5% |
| COF Capital One Financial Corp. | 0.24% | 3,108,512 | $680.2M | Add +321.6% |
| TMUS T-Mobile US Inc. | 0.23% | 2,842,276 | $674.8M | Reduce -10.5% |
| ECL Ecolab Inc. | 0.23% | 2,497,626 | $674.5M | Add +9.0% |
| AMT American Tower Corp. | 0.23% | 2,960,466 | $658.7M | Add +4.3% |
| TT Trane Technologies PLC | 0.23% | 1,512,420 | $654.4M | Add +16.0% |
| FISV Fiserv Inc. | 0.23% | 3,781,665 | $652.1M | Add +27.2% |
| ICE Intercontinental Exchange Inc. | 0.23% | 3,586,451 | $651.8M | Reduce -43.2% |
| MRVL Marvell Technology Inc. | 0.22% | 8,648,350 | $642.1M | Add +113.4% |
| PYPL PayPal Holdings Inc. | 0.22% | 8,360,474 | $638.0M | Reduce -4.9% |
| MRSH Marsh & McLennan Cos | 0.21% | 2,892,576 | $615.3M | Add +89.2% |
| WELL Welltower Inc. | 0.21% | 4,064,420 | $612.5M | Add +7.0% |
| FER Ferrovial NV | 0.21% | 11,512,099 | $609.6M | Reduce -34.7% |
| DHR Danaher Corp. | 0.21% | 2,943,272 | $596.0M | Reduce -3.6% |
| SHW The Sherwin-Williams Co. | 0.20% | 1,665,333 | $587.0M | Add +55.8% |
| ORLY O'reilly Automotive Inc. | 0.20% | 6,298,078 | $562.5M | Reduce -42.8% |
| RTX RTX Corp. | 0.20% | 3,883,620 | $561.3M | Reduce -12.6% |
| AWK American Water Works Co. Inc. | 0.19% | 3,926,541 | $560.0M | Add +4.8% |
| PANW Palo Alto Networks Inc. | 0.19% | 2,823,869 | $556.2M | Add +6.2% |
Other holdings (78): bonds, preferreds, convertibles and warrants · $280.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 17,975,000 | $16.2M | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 13,890,000 | $14.9M | New |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 8,000,000 | $14.7M | Add +33.3% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 12,500,000 | $12.6M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 8,600,000 | $12.2M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 12,050,000 | $11.3M | Add +12.1% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 7,500,000 | $9.2M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 8,450,000 | $8.6M | Add +7.0% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 7,000,000 | $7.5M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 4,950,000 | $7.0M | Reduce -12.6% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 4,800,000 | $6.7M | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 6,275,000 | $6.2M | Reduce -34.1% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 6,500,000 | $6.1M | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 5,000,000 | $5.9M | Add +354.6% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 4,160,000 | $5.8M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 6,000,000 | $5.7M | Reduce -14.3% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 6,000,000 | $5.6M | No change |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 6,109,000 | $5.3M | New |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 6,934,000 | $5.0M | Reduce -6.7% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 6,000,000 | $4.9M | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 5,140,000 | $4.7M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 4,400,000 | $4.6M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 4,100,000 | $4.4M | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 5,000,000 | $4.4M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 4,350,000 | $4.3M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 3,200,000 | $4.2M | No change |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 4,200,000 | $4.2M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 3,500,000 | $4.1M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 3,121,000 | $3.6M | Reduce -13.8% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 3,300,000 | $3.6M | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 3,348,000 | $3.2M | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 3,306,000 | $3.1M | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 3,000,000 | $3.0M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 2,824,000 | $2.8M | Add +771.6% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 3,000,000 | $2.8M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 2,800,000 | $2.7M | Reduce -38.5% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 2,300,000 | $2.5M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 2,900,000 | $2.5M | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 2,600,000 | $2.5M | No change |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 2,300,000 | $2.4M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 3,009,000 | $2.4M | No change |
| 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 | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 2,074,000 | $2.2M | Add +1092.0% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 2,300,000 | $2.2M | No change |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 2,200,000 | $2.1M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,700,000 | $2.1M | New |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 1,750,000 | $2.1M | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 550,000 | $1.9M | Reduce -52.2% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 1,500,000 | $1.9M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,600,000 | $1.8M | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 2,000,000 | $1.8M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 1,390,000 | $1.7M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 1,500,000 | $1.6M | No change |
| 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 | $687K | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 510,000 | $672K | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 493,000 | $567K | Reduce -82.8% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 600,000 | $548K | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 518,000 | $469K | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 480,000 | $453K | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 456,000 | $437K | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 400,000 | $415K | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 401,000 | $347K | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 291,000 | $337K | No change |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 351,000 | $322K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 315,000 | $300K | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 175,000 | $271K | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 198,000 | $270K | Reduce -91.7% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 265,000 | $260K | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 273,000 | $251K | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 275,000 | $246K | Reduce -99.3% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 140,000 | $232K | Reduce -94.9% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 150,000 | $214K | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 200,000 | $192K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 168,000 | $159K | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 100,000 | $99K | No change |
Total filed on the 13F, all lines: $287.7B.
Portfolio Sells Q1 2025 → Q2 2025
| LLY Eli Lilly & Co. | Reduce -28.1% | 0.97% | −0.46 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -63.4% | 0.18% | −0.37 |
| MA Mastercard Inc. Class A | Reduce -37.0% | 0.60% | −0.34 |
| MLM Martin Marietta Materials | Reduce -93.2% | 0.02% | −0.28 |
| V Visa Inc. Class A | Reduce -25.3% | 0.80% | −0.28 |
| TFC Truist Financial Corp. | Reduce -80.8% | 0.07% | −0.26 |
| FCX Freeport-McMoran Inc. | Reduce -82.3% | 0.08% | −0.26 |
| UBER Uber Technologies Inc. | Reduce -54.6% | 0.30% | −0.23 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.9% | 0.66% | −0.23 |
| XOM Exxon Mobil Corp. | Reduce -14.6% | 0.87% | −0.21 |
| BJ Bj's Wholesale Club Holdings | Reduce -98.4% | 0.00% | −0.21 |
| USB US Bancorp | Reduce -75.6% | 0.08% | −0.20 |
| TJX TJX Companies Inc. | Reduce -33.0% | 0.35% | −0.20 |
| ORLY O'reilly Automotive Inc. | Reduce -42.8% | 0.20% | −0.19 |
| REGN Regeneron Pharmaceuticals | Reduce -44.1% | 0.17% | −0.19 |
| UPS United Parcel Service Class B | Reduce -64.5% | 0.10% | −0.18 |
| TECK Teck Resources Ltd.-CLS B | Reduce -94.7% | 0.01% | −0.17 |
| TMO Thermo Fisher Scientific Inc. | Reduce -21.4% | 0.35% | −0.17 |
| ICE Intercontinental Exchange Inc. | Reduce -43.2% | 0.23% | −0.16 |
| CSCO Cisco Systems Inc. | Reduce -34.4% | 0.45% | −0.16 |
| IBM Intl Business Machines Corp. | Reduce -36.1% | 0.41% | −0.16 |
| MSI Motorola Solutions Inc. | Reduce -41.0% | 0.17% | −0.15 |
| AAPL Apple Inc. | Reduce -2.5% | 4.91% | −0.14 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -98.4% | 0.00% | −0.14 |
| BKNG Booking Holdings Inc. | Reduce -38.6% | 0.43% | −0.14 |
| PFE Pfizer Inc. | Reduce -28.1% | 0.33% | −0.13 |
| ISRG Intuitive Surgical Inc. | Reduce -24.7% | 0.47% | −0.13 |
| KO The Coca-Cola Co. | Reduce -16.1% | 0.44% | −0.13 |
| CPRT Copart Inc. | Reduce -57.2% | 0.07% | −0.13 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.12 |
| PINS Pinterest Inc. Class A | Reduce -85.3% | 0.03% | −0.12 |
| ACN Accenture PLC Class A | Reduce -26.5% | 0.28% | −0.12 |
| PGR Progressive Corp. | Reduce -38.4% | 0.13% | −0.12 |
| ROST Ross Stores Inc. | Reduce -60.4% | 0.07% | −0.12 |
| NRG NRG Energy Inc. | Reduce -84.5% | 0.04% | −0.11 |
| VLTO Veralto Corp. | Reduce -45.9% | 0.13% | −0.11 |
| ADBE Adobe Inc. | Reduce -14.5% | 0.55% | −0.10 |
| ES Eversource Energy | Reduce -70.9% | 0.04% | −0.10 |
| VRT Vertiv Holdings Co. Class A | Reduce -77.4% | 0.07% | −0.10 |
| CFG Citizens Financial Group | Reduce -73.8% | 0.05% | −0.10 |
| STT State Street Corp. | Reduce -76.1% | 0.04% | −0.09 |
| LNG Cheniere Energy Inc. | Reduce -44.4% | 0.13% | −0.09 |
| PLNT Planet Fitness Inc. Class A | Reduce -97.7% | 0.00% | −0.09 |
| APH Amphenol Corp. Class A | Reduce -55.2% | 0.18% | −0.09 |
| CRH CRH PLC | Reduce -37.0% | 0.17% | −0.09 |
| FER Ferrovial NV | Reduce -34.7% | 0.21% | −0.08 |
| FTNT Fortinet Inc. | Reduce -45.7% | 0.12% | −0.08 |
| NKE Nike Inc. Class B | Reduce -62.6% | 0.07% | −0.08 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.08 |
| TMUS T-Mobile US Inc. | Reduce -10.5% | 0.23% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| TSLA Tesla Inc. | Add +20.4% | 2.22% | +0.58 |
| META Meta Platforms Inc. Class A | Add +1.6% | 1.95% | +0.45 |
| NFLX Netflix Inc. | Add +3.0% | 0.95% | +0.26 |
| QCOM Qualcomm Inc. | Add +38.2% | 0.65% | +0.22 |
| MSTR Strategy Inc. | Add +378.9% | 0.25% | +0.21 |
| PLTR Palantir Technologies Inc. Class A | Add +6.5% | 0.52% | +0.20 |
| COF Capital One Financial Corp. | Add +321.6% | 0.24% | +0.19 |
| GOOG Alphabet Inc. Class C | Add +5.8% | 1.18% | +0.19 |
| MCD McDonald's Corp. | Add +96.0% | 0.41% | +0.17 |
| WMT Walmart Inc. | Add +23.5% | 0.66% | +0.16 |
| CRM Salesforce Inc. | Add +26.3% | 0.73% | +0.15 |
| MRVL Marvell Technology Inc. | Add +113.4% | 0.22% | +0.14 |
| AMAT Applied Materials Inc. | Add +2.8% | 0.52% | +0.14 |
| WFC Wells Fargo & Co. | Add +18.3% | 0.41% | +0.12 |
| DB Deutsche Bank AG-Registered | Add +15.3% | 0.41% | +0.12 |
| ABBV Abbvie Inc. | Add +36.6% | 0.60% | +0.11 |
| UNP Union Pacific Corp. | Add +35.6% | 0.39% | +0.11 |
| HOOD Robinhood Markets Inc. Class A | Add +62.3% | 0.14% | +0.11 |
| STLA Stellantis NV | Add +41.0% | 0.40% | +0.11 |
| ADI Analog Devices Inc. | Add +10.3% | 0.36% | +0.11 |
| HD Home Depot Inc. | Add +11.1% | 1.02% | +0.10 |
| TXN Texas Instruments Inc. | Add +1.7% | 0.44% | +0.09 |
| CAT Caterpillar Inc. | Add +22.9% | 0.27% | +0.09 |
| ANET Arista Networks Inc. | Add +3.7% | 0.31% | +0.09 |
| MRSH Marsh & McLennan Cos | Add +89.2% | 0.21% | +0.08 |
| MS Morgan Stanley | Add +12.4% | 0.28% | +0.08 |
| MU Micron Technology Inc. | Add +35.0% | 0.14% | +0.08 |
| BA The Boeing Co. | Add +75.5% | 0.13% | +0.08 |
| VCTR Victory Capital Holding - A | New | 0.07% | +0.07 |
| ABNB Airbnb Inc. Class A | Add +112.3% | 0.13% | +0.07 |
| AME Ametek Inc. | Add +266.1% | 0.10% | +0.07 |
| SHW The Sherwin-Williams Co. | Add +55.8% | 0.20% | +0.07 |
| RDDT Reddit Inc. Class A | Add +2060.5% | 0.07% | +0.07 |
| TT Trane Technologies PLC | Add +16.0% | 0.23% | +0.07 |
| UBS UBS Group AG-Reg | Add +18.1% | 0.25% | +0.07 |
| MRK Merck & Co. Inc. | Add +26.4% | 0.47% | +0.06 |
| AXP American Express Co. | Add +4.8% | 0.25% | +0.06 |
| MELI MercadoLibre Inc. | Add +40.6% | 0.14% | +0.06 |
| SHOP Shopify Inc. Class A | Add +61.4% | 0.10% | +0.06 |
| GRMN Garmin Ltd. | Add +138.0% | 0.09% | +0.05 |
| ADP Automatic Data Processing | Add +24.9% | 0.33% | +0.05 |
| XYL Xylem Inc. | Add +17.0% | 0.25% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +7.7% | 0.15% | +0.05 |
| SNPS Synopsys Inc. | Add +16.8% | 0.18% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +2.2% | 0.17% | +0.05 |
| NDAQ Nasdaq Inc. | Add +55.7% | 0.11% | +0.05 |
| CDNS Cadence Design SYS Inc. | Add +17.5% | 0.18% | +0.05 |
| JCI Johnson Controls Internation | Add +6.4% | 0.18% | +0.05 |
| APP AppLovin Corp. Class A | Add +17.7% | 0.15% | +0.05 |
| WAB Wabtec Corp. | Add +36.8% | 0.12% | +0.05 |
Options Activity Q1 2025 → Q2 2025
| CIFR Cipher Digital Inc. | call | Sold out | 364,381 | $842Kbefore exit |
| AU Anglogold Ashanti PLC | call | Sold out | 22,300 | $8Kbefore exit |
| AEM Agnico Eagle Mines Ltd. | call | Sold out | 7,500 | $8Kbefore exit |
| ADV Advantage Solutions Inc. | call | Sold out | 6,199 | $8Kbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 1,900 | $7Kbefore exit |
| AVGO Broadcom Inc. | call | Sold out | 3,100 | $5Kbefore exit |
| WMB Williams Cos Inc. | put | Sold out | 3,900 | $2Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | Sold out | 32,768,000 | $32.2Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 17,975,000 | $16.2M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 13,890,000 | $14.9M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +33.3% | 8,000,000 | $14.7M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 14,000,000 | $14.4Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +12.1% | 12,050,000 | $11.3M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 4,120,000 | $9.8Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Add +7.0% | 8,450,000 | $8.6M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 8,000,000 | $8.0Mbefore exit |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | Sold out | 7,000,000 | $7.6Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 7,500,000 | $7.5Mbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -12.6% | 4,950,000 | $7.0M |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Sold out | 6,567,000 | $6.5Mbefore exit |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Reduce -34.1% | 6,275,000 | $6.2M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Sold out | 5,500,000 | $6.0Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +354.6% | 5,000,000 | $5.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Reduce -14.3% | 6,000,000 | $5.7M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 4,799 | $5.7Mbefore exit |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | New | 6,109,000 | $5.3M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Reduce -6.7% | 6,934,000 | $5.0M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Sold out | 5,000,000 | $4.7Mbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 3,850,000 | $4.3Mbefore exit |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 3,280,000 | $4.2Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Reduce -13.8% | 3,121,000 | $3.6M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 3,500,000 | $3.2Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +771.6% | 2,824,000 | $2.8M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Reduce -38.5% | 2,800,000 | $2.7M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Sold out | 2,500,000 | $2.7Mbefore exit |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | New | 2,300,000 | $2.4M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +1092.0% | 2,074,000 | $2.2M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | New | 1,700,000 | $2.1M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -52.2% | 550,000 | $1.9M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 1,597,000 | $1.6Mbefore exit |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Sold out | 1,147,000 | $1.4Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 510,000 | $672K |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Reduce -82.8% | 493,000 | $567K |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | New | 400,000 | $415K |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | New | 401,000 | $347K |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Reduce -91.7% | 198,000 | $270K |
| NEOGENOMICS INC (NEO 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 255,000 | $253Kbefore exit |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Reduce -99.3% | 275,000 | $246K |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 70,000 | $232Kbefore exit |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -94.9% | 140,000 | $232K |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 85,000 | $158Kbefore exit |
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 |