Artisan Partners Limited Partnership

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Artisan Partners Limited Partnership reported 325 stock positions worth $65.4 billion. Its top holding was Arch Capital (ACGL) at 3.4% of the portfolio, followed by Alphabet Class A (GOOGL, 2.7%) and Elevance Health (ELV, 2.7%). Compared with Q3 2025, it opened 37 new positions, sold out of 34, added to 98 and reduced 186. The biggest buy was Broadcom (AVGO, shares +399%) and the biggest sale Netflix (NFLX, shares −54%).

Most Recent 13F
Q2 2026
Location
Milwaukee, WI
CIK
0001466153
Portfolio Value
$65.4B (Q4 2025)
SEC Filing
0001193125-26-052992 ↗ filed Feb 17, 2026

Holdings Value

0$20.0B$40.0B$60.0B$80.0B Q1 2024: $68.6B Q1 2024 Q2 2024: $65.8B Q2 2024 Q3 2024: $66.7B Q3 2024 Q4 2024: $64.9B Q4 2024 Q1 2025: $61.6B Q1 2025 Q2 2025: $67.1B Q2 2025 Q3 2025: $69.5B Q3 2025 Q4 2025: $65.4B $65.4B Q4 2025 Q1 2026: $61.3B Q1 2026 Q2 2026: $61.3B Q2 2026

Holdings 325 stocks · $65.4B
ACGL Arch Capital Group Ltd. 3.41% 23,247,700 $2.2B Reduce -1.6%
GOOGL Alphabet Inc. Class A 2.72% 5,680,236 $1.8B Reduce -24.6%
ELV Elevance Health Inc. 2.70% 5,032,751 $1.8B Add +10.0%
SCHW Schwab (charles) Corp. 2.63% 17,206,336 $1.7B Reduce -2.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 2.62% 14,759,534 $1.7B Reduce -3.8%
AXP American Express Co. 2.56% 4,517,317 $1.7B Reduce -1.6%
META Meta Platforms Inc. Class A 2.43% 2,410,398 $1.6B Add +6.4%
ARGX Argenx SE - ADR 2.26% 1,756,942 $1.5B Reduce -19.6%
SU Suncor Energy Inc. 2.23% 32,818,241 $1.5B Reduce -3.1%
LRCX Lam Research Corp. 2.08% 7,951,029 $1.4B Reduce -25.2%
C Citigroup Inc. 2.07% 11,620,256 $1.4B Reduce -1.9%
BRK.B Berkshire Hathaway Inc. Class B 2.00% 2,602,953 $1.3B Reduce -1.6%
ICLR Icon PLC 1.92% 6,873,977 $1.3B Reduce -2.8%
GRMN Garmin Ltd. 1.77% 5,699,823 $1.2B Reduce -2.2%
WTW Willis Towers Watson PLC 1.74% 3,461,646 $1.1B Reduce -2.4%
AMZN Amazon.com Inc. 1.63% 4,618,514 $1.1B Reduce -30.9%
PGR Progressive Corp. 1.63% 4,672,994 $1.1B Add +16.4%
INSM Insmed Inc. 1.29% 4,843,749 $843.0M Reduce -1.9%
WST West Pharmaceutical Services 1.20% 2,850,401 $784.3M Add +2.9%
BKR Baker Hughes Co. 1.18% 16,903,794 $769.8M Reduce -2.4%
IQV Iqvia Holdings Inc. 1.16% 3,371,385 $759.9M Reduce -1.8%
SHOP Shopify Inc. Class A 1.08% 4,393,240 $707.2M Reduce -36.2%
ASND Ascendis Pharma A/S 1.05% 3,225,885 $687.9M Reduce -13.3%
NOK Nokia Corp.-Spon ADR 0.98% 99,477,170 $643.6M Reduce -7.0%
CBRE CBRE Group Inc. Class A 0.96% 3,907,289 $628.3M Reduce -2.9%
MRSH Marsh & McLennan Cos 0.95% 3,357,826 $622.9M Reduce -2.3%
SE Sea Ltd.-ADR 0.95% 4,856,734 $619.6M Reduce -3.9%
SPOT Spotify Technology SA 0.87% 974,087 $565.7M Add +3.6%
LHX L3HARRIS Technologies Inc. 0.85% 1,900,509 $557.9M Add +174.2%
AVGO Broadcom Inc. 0.84% 1,579,013 $546.5M Add +399.4%
HSIC Henry Schein Inc. 0.77% 6,647,378 $502.4M Reduce -2.7%
GEV GE Vernova Inc. 0.77% 768,012 $501.9M Reduce -27.9%
ORCL Oracle Corp. 0.68% 2,294,045 $447.1M Reduce -22.1%
ST Sensata Technologies Holdplc 0.68% 13,277,925 $442.0M Reduce -5.4%
PYPL PayPal Holdings Inc. 0.67% 7,520,682 $439.1M Reduce -30.3%
XYL Xylem Inc. 0.67% 3,214,458 $437.7M Reduce -12.4%
NFLX Netflix Inc. 0.65% 4,510,397 $422.9M Reduce -53.9%
AAPL Apple Inc. 0.64% 1,533,380 $416.9M Add +68.2%
SNOW Snowflake Inc. 0.62% 1,854,894 $406.9M Reduce -51.8%
AXTA Axalta Coating Systems Ltd. 0.62% 12,575,932 $406.3M Add +887.2%
AON Aon PLC Class A 0.60% 1,117,428 $394.3M Reduce -11.8%
DASH DoorDash Inc. Class A 0.59% 1,695,291 $383.9M Add +23.7%
COR Cencora Inc. 0.58% 1,118,682 $377.8M Reduce -12.6%
SPGI S&P Global Inc. 0.55% 685,769 $358.4M Reduce -14.3%
NVDA Nvidia Corp. 0.54% 1,883,108 $351.2M Reduce -8.0%
V Visa Inc. Class A 0.53% 994,743 $348.9M Add +3.7%
AMD Advanced Micro Devices 0.50% 1,527,275 $327.1M Reduce -34.5%
WWD Woodward Inc. 0.49% 1,065,294 $322.1M Add +45.7%
DHR Danaher Corp. 0.49% 1,386,008 $317.3M Reduce -44.5%
RTX RTX Corp. 0.48% 1,723,710 $316.1M Add +1545.1%
MELI MercadoLibre Inc. 0.48% 155,395 $313.0M Reduce -36.0%
COF Capital One Financial Corp. 0.47% 1,266,153 $306.9M Add +256.9%
WMB Williams Cos Inc. 0.47% 5,104,961 $306.9M Reduce -18.3%
LIN Linde PLC 0.47% 715,654 $305.1M Reduce -11.8%
CNH CNH Industrial NV 0.45% 31,822,953 $293.4M Reduce -2.4%
ETN Eaton Corp. PLC 0.45% 917,655 $292.3M Reduce -16.9%
LYV Live Nation Entertainment Inc. 0.43% 1,993,220 $284.0M Reduce -16.1%
LSCC Lattice Semiconductor Corp. 0.43% 3,831,865 $281.9M Reduce -21.4%
SGI Somnigroup International Inc. 0.42% 3,072,610 $274.3M New
WFC Wells Fargo & Co. 0.42% 2,932,600 $273.3M Add +16.9%
IRTC Irhythm Holdings Inc. 0.41% 1,511,992 $268.3M Reduce -41.1%
RBC RBC Bearings Inc. 0.41% 597,069 $267.7M Reduce -3.6%
VCYT Veracyte Inc. 0.40% 6,263,041 $263.7M Reduce -15.0%
APG Api Group Corp. 0.39% 6,637,578 $254.0M Reduce -9.0%
BSX Boston Scientific Corp. 0.37% 2,569,376 $245.0M Reduce -46.0%
FWONK Liberty Media Corp. Class C 0.36% 2,393,215 $235.8M Reduce -12.0%
USFD US Foods Holding Corp. 0.36% 3,127,601 $235.6M Add +4.8%
CARR Carrier Global Corp. 0.36% 4,394,738 $232.2M Reduce -14.7%
TSM Taiwan Semiconductor-SP ADR 0.35% 763,089 $231.9M Reduce -10.6%
CRH CRH PLC 0.34% 1,793,888 $223.9M Reduce -27.3%
MSFT Microsoft Corp. 0.33% 443,356 $214.4M Reduce -14.1%
MTSI Macom Technology Solutions H 0.33% 1,246,723 $213.5M Reduce -37.4%
GWRE Guidewire Software Inc. 0.33% 1,060,968 $213.3M Reduce -20.1%
FIX Comfort Systems USA Inc. 0.31% 216,211 $201.8M Reduce -7.7%
WING Wingstop Inc. 0.30% 828,283 $197.5M Reduce -7.0%
FTAI Ftai Aviation Ltd. 0.30% 1,000,812 $197.0M Reduce -12.5%
AS Amer Sports Inc. 0.30% 5,214,439 $194.8M Add +1306.7%
MDLN Medline Inc. Class A 0.29% 4,591,588 $192.8M New
MMYT Makemytrip Ltd. 0.29% 2,322,204 $190.7M Add +1.8%
BWXT BWX Technologies Inc. 0.29% 1,094,914 $189.2M Reduce -8.2%
PODD Insulet Corp. 0.29% 659,057 $187.3M Reduce -1.5%
RBLX Roblox Corp. Class A 0.28% 2,292,340 $185.7M Add +18.9%
TWST Twist Bioscience Corp. 0.28% 5,830,205 $184.9M Reduce -9.1%
PEN Penumbra Inc. 0.28% 594,112 $184.7M Add +165.8%
ABNB Airbnb Inc. Class A 0.28% 1,356,963 $184.2M Add +52.8%
GOOG Alphabet Inc. Class C 0.28% 581,343 $182.4M Add +3.8%
TYL Tyler Technologies Inc. 0.28% 399,177 $181.2M Reduce -24.2%
CRWD CrowdStrike Holdings Inc. Class A 0.28% 384,490 $180.2M Reduce -13.8%
MDB Mongodb Inc. 0.28% 428,495 $179.8M Add +14.1%
VIK Viking Holdings Ltd. 0.27% 2,502,697 $178.7M Reduce -15.0%
GS Goldman Sachs Group Inc. 0.27% 202,153 $177.7M Add +3.1%
HUM Humana Inc. 0.27% 684,778 $175.4M Reduce -2.5%
TMO Thermo Fisher Scientific Inc. 0.27% 300,931 $174.4M Add +3.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 3,145,027 $173.0M Add +3.5%
TTAN Servicetitan Inc. Class A 0.26% 1,617,353 $172.2M Add +47.3%
GE General Electric filed as GE AEROSPACE 0.26% 554,847 $170.9M Reduce -33.4%
CRM Salesforce Inc. 0.25% 610,938 $161.8M Add +3.8%
PM Philip Morris International 0.25% 1,004,908 $161.2M Add +3.6%
UPS United Parcel Service Class B 0.23% 1,546,991 $153.4M Add +2.9%
PSN Parsons Corp. 0.23% 2,477,159 $153.1M Add +6.2%
AZO AutoZone Inc. 0.23% 44,592 $151.2M Reduce -13.8%
ALAB Astera Labs Inc. 0.23% 895,530 $149.0M New
MRK Merck & Co. Inc. 0.22% 1,383,297 $145.6M Add +3.6%
ACN Accenture PLC Class A 0.22% 542,448 $145.5M Add +4.8%
LIVN Livanova PLC 0.22% 2,315,324 $142.5M Reduce -4.6%
NICE Nice Ltd. - Spon ADR 0.22% 1,256,752 $142.1M Add +22.1%
WAT Waters Corp. 0.22% 373,708 $141.9M Add +5.3%
RDDT Reddit Inc. Class A 0.22% 617,140 $141.9M Reduce -7.9%
UNP Union Pacific Corp. 0.21% 605,230 $140.0M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.21% 8,361,955 $140.0M Reduce -20.0%
SLB SLB Ltd. filed as SLB LIMITED 0.21% 3,642,716 $139.8M Add +3.7%
GRAB Grab Holdings Ltd. Class A 0.21% 27,977,786 $139.6M Add +5.0%
MPWR Monolithic Power Systems Inc. 0.21% 153,862 $139.5M Reduce -20.2%
KO The Coca-Cola Co. 0.21% 1,984,345 $138.7M Reduce -21.6%
TXN Texas Instruments Inc. 0.21% 785,489 $136.3M Add +3.6%
EOG EOG Resources Inc. 0.21% 1,295,159 $136.0M Add +3.6%
ARM Arm Holdings PLC-ADR 0.21% 1,243,137 $135.9M Add +44.5%
BABA Alibaba Group Holding-SP ADR 0.21% 919,312 $134.8M Reduce -43.4%
HDB HDFC Bank Ltd.-ADR 0.21% 3,682,047 $134.5M Reduce -15.6%
MOD Modine Manufacturing Co. 0.21% 1,005,648 $134.3M Reduce -11.1%
ZS Zscaler Inc. 0.20% 593,545 $133.5M Add +22.9%
NXPI NXP Semiconductors NV 0.20% 613,928 $133.3M Add +3.6%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.20% 1,947,504 $130.5M Reduce -36.7%
PNC PNC Financial Services Group 0.20% 624,558 $130.4M Add +3.5%
CMCSA Comcast Corp. Class A 0.20% 4,327,459 $129.3M Add +3.5%
ADI Analog Devices Inc. 0.20% 472,935 $128.3M Add +91.4%
BKNG Booking Holdings Inc. 0.20% 23,947 $128.2M Reduce -3.0%
FICO Fair Isaac Corp. 0.20% 75,623 $127.8M Add +32.6%
IR Ingersoll-Rand Inc. 0.19% 1,591,139 $126.1M Reduce -13.2%
MDT Medtronic PLC 0.19% 1,279,142 $122.9M Add +3.6%
COHR Coherent Corp. 0.19% 664,054 $122.6M Reduce -37.9%
CVNA Carvana Co. 0.19% 290,142 $122.4M New
CCC CCC Intelligent Solutions Ho 0.18% 15,201,766 $120.9M Reduce -47.8%
WCC Wesco International Inc. 0.18% 477,485 $116.8M New
NET Cloudflare Inc. Class A 0.18% 588,598 $116.0M Reduce -17.7%
MDGL Madrigal Pharmaceuticals Inc. 0.18% 198,693 $115.7M Reduce -3.7%
FANG Diamondback Energy Inc. 0.17% 752,904 $113.2M Add +3.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 987,083 $112.3M Add +3.6%
ARES Ares Management Corp. Class A 0.17% 682,601 $110.3M Add +16.9%
VST Vistra Corp. 0.17% 683,228 $110.2M Reduce -9.6%
COIN Coinbase Global Inc. Class A 0.16% 471,945 $106.7M Reduce -29.1%
MS Morgan Stanley 0.16% 594,431 $105.5M Reduce -19.6%
WAY Waystar Holding Corp. 0.16% 3,164,546 $103.6M Add +25.7%
CDNS Cadence Design SYS Inc. 0.16% 328,118 $102.6M Reduce -26.0%
BLD Topbuild Corp. 0.16% 243,174 $101.4M New
EW Edwards Lifesciences Corp. 0.15% 1,166,715 $99.5M New
VEEV Veeva Systems Inc. Class A 0.15% 445,271 $99.4M Reduce -63.3%
TDY Teledyne Technologies Inc. 0.15% 192,067 $98.1M Reduce -13.3%
SNPS Synopsys Inc. 0.15% 207,349 $97.4M Reduce -77.8%
CME Cme Group Inc. 0.15% 351,487 $96.0M Add +4.4%
VSEC Vse Corp. 0.15% 555,255 $95.9M Add +12.8%
IONS Ionis Pharmaceuticals Inc. 0.14% 1,181,416 $93.5M Add +32.7%
BZ Kanzhun Ltd. - ADR 0.14% 4,560,372 $92.9M Reduce -1.9%
BAX Baxter International Inc. 0.14% 4,757,942 $90.9M Reduce -5.1%
FLEX Flex Ltd. 0.13% 1,429,360 $86.4M Reduce -27.7%
PCOR Procore Technologies Inc. 0.13% 1,175,362 $85.5M Add +9.2%
JBTM JBT Marel Corp. 0.13% 564,745 $85.1M Reduce -14.9%
ROK Rockwell Automation Inc. 0.13% 218,176 $84.9M Add +234.4%
HOOD Robinhood Markets Inc. Class A 0.13% 730,070 $82.6M Reduce -26.7%
CAE Cae Inc. 0.13% 2,694,232 $81.9M Reduce -7.1%
GKOS Glaukos Corp. 0.12% 702,818 $79.4M Add +139.3%
COCO The Vita Coco Co. Inc. 0.12% 1,472,204 $78.0M Reduce -29.0%
TXRH Texas Roadhouse Inc. 0.12% 459,129 $76.2M New
SPXC SPX Technologies Inc. 0.12% 377,423 $75.5M Reduce -9.4%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.11% 4,621,156 $72.8M Reduce -38.5%
INSP Inspire Medical Systems Inc. 0.11% 785,742 $72.5M Add +49.3%
AIT Applied Industrial Tech Inc. 0.11% 281,603 $72.3M Reduce -9.2%
AU Anglogold Ashanti PLC 0.11% 840,190 $71.7M Reduce -5.0%
RDWR Radware Ltd. 0.11% 2,969,178 $71.5M Reduce -5.2%
CIGI Colliers Intl GR-Subord Vot 0.11% 478,867 $70.4M Reduce -7.7%
EXPE Expedia Group Inc. 0.11% 246,701 $69.9M Reduce -16.6%
LAMR Lamar Advertising Co. Class A 0.10% 531,910 $67.3M Reduce -15.1%
FCNCA First Citizens Bcshs Class A 0.10% 30,944 $66.4M Reduce -17.8%
G Genpact Ltd. 0.10% 1,357,468 $63.5M Reduce -15.7%
DBVT DBV Technologies SA-Spon ADR 0.10% 3,309,055 $63.4M Add +6273.4%
ROKU Roku Inc. 0.10% 577,646 $62.7M Add +3.9%
CEG Constellation Energy 0.09% 167,987 $59.3M Reduce -10.9%
COMP Compass Inc. Class A 0.09% 5,468,996 $57.8M Reduce -3.4%
ISRG Intuitive Surgical Inc. 0.09% 101,809 $57.7M Reduce -1.4%
IBP Installed Building Products 0.09% 221,943 $57.6M Reduce -9.2%
VNT Vontier Corp. 0.09% 1,538,731 $57.2M Reduce -17.9%
BRKR Bruker Corp. 0.09% 1,192,708 $56.2M Add +183.2%
SITE Siteone Landscape Supply Inc. 0.08% 443,267 $55.2M Reduce -17.7%
SNA Snap-on Inc. 0.08% 159,715 $55.0M Add +6.2%
AGYS Agilysys Inc. 0.08% 459,491 $54.6M Reduce -28.7%
CELC Celcuity Inc. 0.08% 546,641 $54.5M Reduce -6.7%
OGE Oge Energy Corp. 0.08% 1,276,567 $54.5M Reduce -18.2%
AXON Axon Enterprise Inc. 0.08% 95,671 $54.3M Reduce -0.4%
HWM Howmet Aerospace Inc. 0.08% 264,087 $54.1M Reduce -41.0%
NVT Nvent Electric PLC 0.08% 530,702 $54.1M Reduce -14.3%
LLY Eli Lilly & Co. 0.08% 50,178 $53.9M Add +30.4%
KTOS Kratos Defense & Security 0.08% 704,711 $53.5M Reduce -10.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.08% 204,838 $53.0M New
NDAQ Nasdaq Inc. 0.08% 537,103 $52.2M Reduce -1.6%
LEGN Legend Biotech Corp.-ADR 0.08% 2,341,074 $50.9M Reduce -8.1%
ONC Beone Medicines Ltd.-ADR 0.08% 165,241 $50.2M Reduce -33.9%
HQY Healthequity Inc. 0.08% 542,216 $49.7M Reduce -9.2%
WELL Welltower Inc. 0.07% 262,930 $48.8M Reduce -43.5%
MA Mastercard Inc. Class A 0.07% 85,307 $48.7M Reduce -65.1%
UHAL.B U-Haul Holding Co.-Non Voting 0.07% 1,038,013 $48.5M Reduce -15.7%
AYI Acuity Inc. 0.07% 134,004 $48.2M New
UGI Ugi Corp. 0.07% 1,288,711 $48.2M Add +124.6%
RACE Ferrari NV 0.07% 129,867 $48.0M Add +11.7%
PRCT Procept Biorobotics Corp. 0.07% 1,520,700 $47.8M Add +11.4%
AMRZ Amrize Ltd. 0.07% 875,363 $47.3M Reduce -14.8%
STVN Stevanato Group SPA 0.07% 2,349,842 $47.3M Reduce -10.1%
LSPD Lightspeed Commerce Inc. 0.07% 3,900,930 $47.1M Add +17.5%
BE Bloom Energy Corp. Class A 0.07% 535,046 $46.5M New
TSN Tyson Foods Inc. Class A 0.07% 792,480 $46.5M Reduce -15.7%
LNT Alliant Energy Corp. 0.07% 690,975 $44.9M Reduce -25.9%
PB Prosperity Bancshares Inc. 0.07% 648,554 $44.8M New
OTIS Otis Worldwide Corp. 0.07% 511,875 $44.7M Reduce -8.6%
GL Globe Life Inc. 0.07% 313,596 $43.9M Reduce -19.2%
GPC Genuine Parts Co. 0.07% 356,615 $43.8M Reduce -18.9%
ABG Asbury Automotive Group 0.07% 185,812 $43.2M Reduce -14.8%
NOV Nov Inc. 0.07% 2,725,900 $42.6M Reduce -15.7%
FLS Flowserve Corp. 0.06% 608,598 $42.2M Reduce -9.2%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.06% 1,511,011 $42.1M Add +21.6%
ARMK Aramark 0.06% 1,137,575 $41.9M Add +0.5%
PR Permian Resources Corp. Class A 0.06% 2,973,147 $41.7M Reduce -15.7%
KC Kingsoft Cloud Holdings-ADR 0.06% 4,016,945 $41.5M Add +16.4%
GDXJ Vaneck Junior Gold Miners 0.06% 364,090 $41.4M Add +1.1%
LASR Nlight Inc. 0.06% 1,101,436 $41.3M New
OMC Omnicom Group 0.06% 509,556 $41.1M Reduce -15.1%
PII Polaris Inc. 0.06% 627,139 $39.7M Reduce -23.1%
NNN NNN REIT Inc. 0.06% 983,968 $39.0M Reduce -15.7%
HLNE Hamilton Lane Inc. Class A 0.06% 288,827 $38.8M Reduce -9.2%
CGNX Cognex Corp. 0.06% 1,076,924 $38.7M Add +66.0%
WMG Warner Music Group Corp. Class A 0.06% 1,252,924 $38.4M Reduce -15.2%
MTN Vail Resorts Inc. 0.06% 289,330 $38.4M Reduce -15.7%
KRNT Kornit Digital Ltd. 0.06% 2,647,804 $38.1M Add +32.5%
RAL Ralliant Corp. 0.06% 742,302 $37.8M New
SEDG Solaredge Technologies Inc. 0.06% 1,309,579 $37.8M Add +13.5%
LOAR Loar Holdings Inc. 0.06% 555,484 $37.8M Reduce -9.3%
ALKS Alkermes PLC 0.06% 1,349,122 $37.7M Reduce -36.0%
NWSA News Corp. Class A 0.06% 1,437,888 $37.6M Reduce -15.8%
AMG Affiliated Managers Group 0.06% 130,112 $37.5M New
IT Gartner Inc. 0.06% 145,698 $36.8M Reduce -14.3%
AME Ametek Inc. 0.06% 179,025 $36.8M New
SMTC Semtech Corp. 0.06% 493,605 $36.4M Add +55.4%
ALGN Align Technology Inc. 0.06% 231,526 $36.2M Reduce -14.8%
BIRK Birkenstock Holding PLC 0.06% 879,349 $36.0M Reduce -0.9%
TARS Tarsus Pharmaceuticals Inc. 0.05% 436,576 $35.7M Reduce -21.8%
SAIL Sailpoint Inc. 0.05% 1,740,124 $35.2M New
SLGN Silgan Holdings Inc. 0.05% 870,049 $35.1M New
CRBG Corebridge Financial Inc. 0.05% 1,164,081 $35.1M Reduce -24.1%
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.05% 904,957 $34.7M Add +68.5%
HXL Hexcel Corp. 0.05% 468,870 $34.6M Add +107.9%
SYY Sysco Corp. 0.05% 456,462 $33.6M Reduce -15.7%
RVTY Revvity Inc. 0.05% 333,968 $32.3M New
RGEN Repligen Corp. 0.05% 193,697 $31.7M Reduce -8.9%
FITB Fifth Third Bancorp 0.05% 672,607 $31.5M Reduce -15.7%
CALX Calix Inc. 0.05% 590,187 $31.2M Reduce -16.9%
CDW CDW Corp. 0.05% 227,613 $31.0M Reduce -15.8%
FERG Ferguson Enterprises Inc. 0.05% 139,030 $31.0M Reduce -79.3%
BAP Credicorp Ltd. 0.05% 107,281 $30.8M Add +2.2%
PSA Public Storage 0.05% 118,230 $30.7M Reduce -15.7%
CPA Copa Holdings SA Class A 0.05% 253,729 $30.6M Add +2.8%
PINS Pinterest Inc. Class A 0.05% 1,180,460 $30.6M Reduce -15.7%
GH Guardant Health Inc. 0.05% 290,352 $29.7M New
RYTM Rhythm Pharmaceuticals Inc. 0.04% 263,591 $28.2M Add +11.3%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.04% 352,994 $27.6M Add +22.9%
MTB M & T Bank Corp. filed as M & T BK CORP 0.04% 135,518 $27.3M Reduce -15.7%
VIST Vista Energy Sab DE CV 0.04% 544,350 $26.5M Reduce -28.1%
CLBT Cellebrite Di Ltd. 0.04% 1,434,888 $25.9M New
EG Everest Group Ltd. 0.04% 73,795 $25.0M Add +0.9%
FN Fabrinet 0.04% 53,742 $24.5M Reduce -63.3%
WRBY Warby Parker Inc. Class A 0.04% 1,098,414 $23.9M Reduce -9.4%
MC Moelis & Co. Class A 0.04% 343,997 $23.6M Reduce -15.7%
OLLI Ollie's Bargain Outlet Holdi 0.04% 214,577 $23.5M Add +25.8%
KOD Kodiak Sciences Inc. 0.04% 836,506 $23.4M New
LXFR Luxfer Holdings PLC 0.04% 1,700,550 $23.0M Add +2.3%
RXST Rxsight Inc. 0.03% 2,157,264 $22.5M Add +23.0%
PVLA Palvella Therapeutics Inc. 0.03% 211,553 $22.1M New
EXPD Expeditors Intl Wash Inc. 0.03% 144,462 $21.5M Reduce -16.0%
FROG Jfrog Ltd. 0.03% 344,226 $21.5M Reduce -41.6%
BBIO Bridgebio Pharma Inc. 0.03% 279,067 $21.3M Reduce -15.8%
CAT Caterpillar Inc. 0.03% 36,479 $20.9M New
STZ Constellation Brands Inc. Class A 0.03% 150,639 $20.8M Reduce -21.8%
ZGN Ermenegildo Zegna NV 0.03% 1,930,348 $19.8M Reduce -9.1%
AMAT Applied Materials Inc. 0.03% 75,985 $19.5M New
MGM MGM Resorts International 0.03% 525,887 $19.2M Reduce -22.9%
HSAI Hesai Group 0.03% 846,226 $19.0M New
CHKP Check Point Software Tech 0.03% 99,287 $18.4M Reduce -23.4%
LEU Centrus Energy Corp. Class A 0.03% 75,179 $18.3M Reduce -9.6%
EWTX Edgewise Therapeutics Inc. 0.03% 704,077 $17.5M Reduce -2.0%
FIVN FIVE9 Inc. 0.02% 786,016 $15.8M Reduce -28.8%
NOVT Novanta Inc. 0.02% 130,619 $15.5M Reduce -11.2%
JPM JPMorgan Chase & Co. 0.02% 47,918 $15.4M Add +0.1%
PCVX Vaxcyte Inc. 0.02% 304,049 $14.0M New
AGIO Agios Pharmaceuticals Inc. 0.02% 504,485 $13.7M Add +25.2%
GLOB Globant SA 0.02% 206,910 $13.5M Add +2.4%
OCUL Ocular Therapeutix Inc. 0.02% 1,063,371 $12.9M Reduce -1.2%
DYN Dyne Therapeutics Inc. 0.02% 649,691 $12.7M New
DOX Amdocs Ltd. 0.02% 151,180 $12.2M New
LINE Lineage Inc. 0.02% 294,920 $10.3M Reduce -15.1%
GLW Corning Inc. 0.01% 105,988 $9.3M Add +40.8%
NTRA Natera Inc. 0.01% 37,388 $8.6M Reduce -0.2%
ARIS Aris Mining Corp. filed as ARIS MNG CORP 0.01% 496,240 $8.1M Reduce -36.3%
INDA iShares MSCI India ETF 0.01% 125,454 $6.8M Add +15.5%
RYAN Ryan Specialty Holdings Inc. 0.01% 128,282 $6.6M Reduce -88.8%
TLN Talen Energy Corp. 0.01% 14,261 $5.3M New
SYK Stryker Corp. 0.01% 13,307 $4.7M Add +26.4%
TEVA Teva Pharmaceutical-SP ADR 0.01% 132,116 $4.1M New
ASML ASML Holding NV-NY Reg SHS 0.01% 3,723 $4.0M Reduce -93.3%
IBN Icici Bank Ltd.-Spon ADR 0.01% 123,932 $3.7M Add +6.0%
DEO Diageo PLC-Sponsored ADR 0.01% 38,056 $3.3M New
PHG Koninklijke Philips NVR- NY 0.01% 119,858 $3.2M New
VNM Vaneck Vietnam ETF 0.00% 149,057 $2.8M Reduce -10.8%
KEP Korea Elec Power Corp.-SP ADR 0.00% 142,443 $2.4M New
COOK Traeger Inc. 0.00% 2,000,000 $2.2M Add +100.0%
PCG P G & E Corp. 0.00% 126,825 $2.0M New
AUGO Aura Minerals Inc. 0.00% 28,382 $1.4M Reduce -41.9%
INFY Infosys Ltd.-SP ADR 0.00% 60,191 $1.1M Reduce -20.2%
AAUC Allied Gold Corp. 0.00% 41,883 $960K Reduce -30.8%
JBI Janus International Group Inc. 0.00% 105,077 $687K Add +430.1%
BTG B2GOLD Corp. 0.00% 137,200 $618K Add +24.3%
INDY iShares India 50 ETF 0.00% 8,480 $418K Add +8.4%
PPL PPL Corp. 0.00% 11,523 $404K No change
GFL GFL Environmental Inc.-Sub VT 0.00% 7,340 $315K New
EVRG Evergy Inc. 0.00% 4,308 $312K No change
MMLP Martin Midstream Partners LP 0.00% 114,935 $300K Add +7.1%
BLDR Builders Firstsource Inc. 0.00% 2,900 $298K Add +47.9%
UHT Universal Health RLTY Income 0.00% 6,543 $257K No change
IDA Idacorp Inc. 0.00% 1,885 $239K No change

Options reported separately and not counted above: MSFT puts ($368.1M), WFC calls ($124.3M), SHOP calls ($122.6M), COF calls ($105.5M), CEG puts ($88.1M), VST puts ($83.5M), AAPL puts ($81.6M), CAT calls ($79.2M), AVGO puts ($75.9M), GS calls ($69.0M), JPM calls ($55.9M), LLY calls ($48.8M), and 3 more.

Other holdings (1): bonds, preferreds, convertibles and warrants · $5.0M (not counted above)
SecurityClassShares / PrincipalValueChange
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal 5,485,000$5.0MAdd +123.4%

Total filed on the 13F, all lines: $65.4B.

Portfolio Sells Q3 2025 → Q4 2025
NFLX Netflix Inc. Reduce -53.9% 0.65% −1.04
SNOW Snowflake Inc. Reduce -51.8% 0.62% −0.63
SNPS Synopsys Inc. Reduce -77.8% 0.15% −0.51
ORCL Oracle Corp. Reduce -22.1% 0.68% −0.51
LUV Southwest Airlines Co. Sold out 0.00% −0.49
AMZN Amazon.com Inc. Reduce -30.9% 1.63% −0.48
SHOP Shopify Inc. Class A Reduce -36.2% 1.08% −0.39
PYPL PayPal Holdings Inc. Reduce -30.3% 0.67% −0.37
VEEV Veeva Systems Inc. Class A Reduce -63.3% 0.15% −0.37
SE Sea Ltd.-ADR Reduce -3.9% 0.95% −0.35
MELI MercadoLibre Inc. Reduce -36.0% 0.48% −0.34
GRMN Garmin Ltd. Reduce -2.2% 1.77% −0.30
BSX Boston Scientific Corp. Reduce -46.0% 0.37% −0.29
DHR Danaher Corp. Reduce -44.5% 0.49% −0.23
IRTC Irhythm Holdings Inc. Reduce -41.1% 0.41% −0.22
ZTS Zoetis Inc. Sold out 0.00% −0.21
BABA Alibaba Group Holding-SP ADR Reduce -43.4% 0.21% −0.21
IOT Samsara Inc. Class A Sold out 0.00% −0.20
CCC CCC Intelligent Solutions Ho Reduce -47.8% 0.18% −0.20
GEV GE Vernova Inc. Reduce -27.9% 0.77% −0.17
P Everpure Inc. Class A Reduce -36.7% 0.20% −0.17
SBUX Starbucks Corp. Sold out 0.00% −0.17
FERG Ferguson Enterprises Inc. Reduce -79.3% 0.05% −0.17
HUBS HubSpot Inc. Sold out 0.00% −0.16
COIN Coinbase Global Inc. Class A Reduce -29.1% 0.16% −0.16
ETN Eaton Corp. PLC Reduce -16.9% 0.45% −0.15
HUBB Hubbell Inc. Sold out 0.00% −0.14
MA Mastercard Inc. Class A Reduce -65.1% 0.07% −0.13
LYV Live Nation Entertainment Inc. Reduce -16.1% 0.43% −0.12
TYL Tyler Technologies Inc. Reduce -24.2% 0.28% −0.12
DUOL Duolingo Sold out 0.00% −0.12
FISV Fiserv Inc. Sold out 0.00% −0.12
GWRE Guidewire Software Inc. Reduce -20.1% 0.33% −0.11
XYL Xylem Inc. Reduce -12.4% 0.67% −0.11
WMB Williams Cos Inc. Reduce -18.3% 0.47% −0.10
FND Floor & Decor Holdings Inc. Class A Sold out 0.00% −0.10
GE General Electric Reduce -33.4% 0.26% −0.10
BEKE Ke Holdings Inc.-ADR Reduce -38.5% 0.11% −0.09
CIEN Ciena Corp. Sold out 0.00% −0.09
TME Tencent Music Entertainm-ADR Sold out 0.00% −0.09
AZO AutoZone Inc. Reduce -13.8% 0.23% −0.09
LIN Linde PLC Reduce -11.8% 0.47% −0.09
CARR Carrier Global Corp. Reduce -14.7% 0.36% −0.09
CRH CRH PLC Reduce -27.3% 0.34% −0.08
LSCC Lattice Semiconductor Corp. Reduce -21.4% 0.43% −0.08
RYAN Ryan Specialty Holdings Inc. Reduce -88.8% 0.01% −0.08
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.08
HOOD Robinhood Markets Inc. Class A Reduce -26.7% 0.13% −0.08
EVR Evercore Inc. Class A Sold out 0.00% −0.08
ASML ASML Holding NV-NY Reg SHS Reduce -93.3% 0.01% −0.07

Portfolio Buys Q3 2025 → Q4 2025
AVGO Broadcom Inc. Add +399.4% 0.84% +0.69
ELV Elevance Health Inc. Add +10.0% 2.70% +0.57
AXTA Axalta Coating Systems Ltd. Add +887.2% 0.62% +0.57
LHX L3HARRIS Technologies Inc. Add +174.2% 0.85% +0.55
RTX RTX Corp. Add +1545.1% 0.48% +0.46
SGI Somnigroup International Inc. New 0.42% +0.42
COF Capital One Financial Corp. Add +256.9% 0.47% +0.36
AAPL Apple Inc. Add +68.2% 0.64% +0.30
MDLN Medline Inc. Class A New 0.29% +0.29
AS Amer Sports Inc. Add +1306.7% 0.30% +0.28
ALAB Astera Labs Inc. New 0.23% +0.23
WWD Woodward Inc. Add +45.7% 0.49% +0.23
UNP Union Pacific Corp. New 0.21% +0.21
PGR Progressive Corp. Add +16.4% 1.63% +0.20
PEN Penumbra Inc. Add +165.8% 0.28% +0.20
CVNA Carvana Co. New 0.19% +0.19
WCC Wesco International Inc. New 0.18% +0.18
BLD Topbuild Corp. New 0.16% +0.16
WST West Pharmaceutical Services Add +2.9% 1.20% +0.15
EW Edwards Lifesciences Corp. New 0.15% +0.15
ABNB Airbnb Inc. Class A Add +52.8% 0.28% +0.13
TXRH Texas Roadhouse Inc. New 0.12% +0.12
WFC Wells Fargo & Co. Add +16.9% 0.42% +0.12
ADI Analog Devices Inc. Add +91.4% 0.20% +0.11
MDB Mongodb Inc. Add +14.1% 0.28% +0.11
TTAN Servicetitan Inc. Class A Add +47.3% 0.26% +0.10
ROK Rockwell Automation Inc. Add +234.4% 0.13% +0.10
DBVT DBV Technologies SA-Spon ADR Add +6273.4% 0.10% +0.10
GKOS Glaukos Corp. Add +139.3% 0.12% +0.09
GOOG Alphabet Inc. Class C Add +3.8% 0.28% +0.08
AJG Arthur J Gallagher & Co. New 0.08% +0.08
AYI Acuity Inc. New 0.07% +0.07
FICO Fair Isaac Corp. Add +32.6% 0.20% +0.07
BE Bloom Energy Corp. Class A New 0.07% +0.07
PB Prosperity Bancshares Inc. New 0.07% +0.07
BRKR Bruker Corp. Add +183.2% 0.09% +0.07
TMO Thermo Fisher Scientific Inc. Add +3.7% 0.27% +0.06
WAT Waters Corp. Add +5.3% 0.22% +0.06
LASR Nlight Inc. New 0.06% +0.06
V Visa Inc. Class A Add +3.7% 0.53% +0.06
MRK Merck & Co. Inc. Add +3.6% 0.22% +0.06
IONS Ionis Pharmaceuticals Inc. Add +32.7% 0.14% +0.06
RAL Ralliant Corp. New 0.06% +0.06
AMG Affiliated Managers Group New 0.06% +0.06
AME Ametek Inc. New 0.06% +0.06
INSP Inspire Medical Systems Inc. Add +49.3% 0.11% +0.05
UPS United Parcel Service Class B Add +2.9% 0.23% +0.05
SAIL Sailpoint Inc. New 0.05% +0.05
SLGN Silgan Holdings Inc. New 0.05% +0.05
DASH DoorDash Inc. Class A Add +23.7% 0.59% +0.05

Options Activity Q3 2025 → Q4 2025
MSFT Microsoft Corp. put New 761,100 $368.1M
MA Mastercard Inc. Class A put Sold out 232,800 $132.4Mbefore exit
WFC Wells Fargo & Co. call New 1,334,000 $124.3M
SHOP Shopify Inc. Class A call New 761,600 $122.6M
COF Capital One Financial Corp. call New 435,500 $105.5M
NVDA Nvidia Corp. call Sold out 535,500 $99.9Mbefore exit
CEG Constellation Energy put New 249,500 $88.1M
VST Vistra Corp. put New 517,700 $83.5M
AAPL Apple Inc. put New 300,000 $81.6M
CAT Caterpillar Inc. call New 138,300 $79.2M
AVGO Broadcom Inc. put Reduce -46.1% 219,300 $75.9M
GE General Electric put Sold out 247,200 $74.4Mbefore exit
GS Goldman Sachs Group Inc. call Reduce -31.6% 78,500 $69.0M
JPM JPMorgan Chase & Co. call Reduce -70.0% 173,400 $55.9M
LLY Eli Lilly & Co. call New 45,400 $48.8M
ADI Analog Devices Inc. call New 173,200 $47.0M
KKR KKR & Co. Inc. call Sold out 327,600 $42.6Mbefore exit
HUT Hut 8 Corp. call Sold out 1,184,500 $41.2Mbefore exit
AMAT Applied Materials Inc. call New 150,500 $38.7M
GEV GE Vernova Inc. put Reduce -77.9% 47,100 $30.8M
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 29,000 $19.3Mbefore exit

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
LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) NOTE 1.750% 1/1 · principal Add +123.4% 5,485,000 $5.0M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 328$61.3BACGL, BNY, GOOGL, ELV, SCHW
Q1 2026 327$61.3BACGL, BNY, SCHW, GOOGL, ELV
Q4 2025 325$65.4BACGL, GOOGL, ELV, SCHW, BNY
Q3 2025 322$69.5BACGL, GOOGL, SCHW, BNY, META
Q2 2025 329$67.1BACGL, META, SCHW, NFLX, AXP
Q1 2025 338$61.6BACGL, ARGX, ELV, SCHW, BRK.B
Q4 2024 349$64.9BACGL, ARGX, GOOGL, META, SCHW
Q3 2024 327$66.7BACGL, ARGX, GOOGL, META, AXP
Q2 2024 321$65.8BACGL, GOOGL, AMZN, ARGX, META
Q1 2024 325$68.6BACGL, GOOGL, AMZN, CMG, META