AXA S.A.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed February 25, 2025), AXA S.A. reported 1,019 stock positions worth $33.4 billion. Its top holding was Nvidia (NVDA) at 5.8% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Apple (AAPL, 4.6%). Compared with Q1 2024, it opened 95 new positions, sold out of 96, added to 422 and reduced 385. The biggest buy was Microsoft (MSFT, shares +2%) and the biggest sale Stellantis (STLA, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0000898427
- Portfolio Value
- $33.4B (Q2 2024)
- SEC Filing
- 0000898427-25-000008 ↗ filed Feb 25, 2025
Holdings Value
Holdings 1,019 stocks · $33.4B
| NVDA Nvidia Corp. | 5.82% | 15,751,273 | $1.9B | Reduce -2.8% |
| MSFT Microsoft Corp. | 5.76% | 4,306,261 | $1.9B | Add +1.8% |
| AAPL Apple Inc. | 4.55% | 7,220,763 | $1.5B | Reduce -6.8% |
| AMZN Amazon.com Inc. | 3.70% | 6,393,015 | $1.2B | Reduce -1.7% |
| GOOG Alphabet Inc. Class C | 2.14% | 3,893,620 | $714.2M | Reduce -8.4% |
| GOOGL Alphabet Inc. Class A | 1.97% | 3,609,678 | $657.5M | Reduce -6.8% |
| V Visa Inc. Class A | 1.49% | 1,899,682 | $498.6M | Reduce -1.2% |
| AVGO Broadcom Inc. | 1.40% | 291,078 | $467.3M | Add +2.7% |
| ISRG Intuitive Surgical Inc. | 1.30% | 974,486 | $433.5M | Add +3.9% |
| QCOM Qualcomm Inc. | 1.19% | 2,002,902 | $398.9M | Reduce -2.6% |
| TMO Thermo Fisher Scientific Inc. | 1.16% | 698,577 | $386.3M | Add +15.4% |
| COST Costco Wholesale Corp. | 1.12% | 440,279 | $374.2M | Reduce -6.5% |
| META Meta Platforms Inc. Class A | 1.07% | 711,126 | $358.6M | Reduce -5.3% |
| LLY Eli Lilly & Co. | 1.03% | 381,599 | $345.5M | Add +7.7% |
| CDNS Cadence Design SYS Inc. | 1.03% | 1,115,276 | $343.2M | Reduce -3.0% |
| AMAT Applied Materials Inc. | 0.96% | 1,359,365 | $320.8M | Reduce -3.5% |
| NOW ServiceNow Inc. | 0.91% | 387,344 | $304.7M | Add +1.1% |
| AMD Advanced Micro Devices | 0.83% | 1,700,061 | $275.8M | Add +52.7% |
| UNH Unitedhealth Group Inc. | 0.82% | 537,752 | $273.9M | Reduce -27.6% |
| DXCM Dexcom Inc. | 0.81% | 2,380,261 | $269.9M | Add +21.6% |
| RACE Ferrari NV | 0.78% | 638,919 | $260.9M | Reduce -2.5% |
| CRM Salesforce Inc. | 0.75% | 979,062 | $251.7M | Reduce -6.3% |
| STLA Stellantis NV | 0.75% | 13,555,618 | $250.5M | Reduce -4.7% |
| PG The Procter & Gamble Co. | 0.70% | 1,419,435 | $234.1M | Reduce -1.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.68% | 2,055,328 | $226.3M | Reduce -3.7% |
| ZTS Zoetis Inc. | 0.68% | 1,301,285 | $225.6M | Add +10.7% |
| PANW Palo Alto Networks Inc. | 0.64% | 628,167 | $213.0M | Reduce -10.7% |
| ADP Automatic Data Processing | 0.61% | 853,104 | $203.6M | Add +8.2% |
| NXPI NXP Semiconductors NV | 0.60% | 747,540 | $201.2M | Add +17.0% |
| PLD Prologis Inc. | 0.60% | 1,773,203 | $199.1M | Reduce -2.8% |
| AXP American Express Co. | 0.59% | 854,927 | $198.0M | Reduce -1.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.59% | 1,137,519 | $197.7M | Reduce -1.2% |
| ADBE Adobe Inc. | 0.58% | 348,864 | $193.8M | Reduce -8.2% |
| TSLA Tesla Inc. | 0.56% | 942,065 | $186.4M | Reduce -18.8% |
| ABBV Abbvie Inc. | 0.54% | 1,043,817 | $179.0M | Reduce -5.8% |
| LIN Linde PLC | 0.53% | 402,870 | $176.8M | Reduce -2.4% |
| EQIX Equinix Inc. | 0.52% | 230,549 | $174.4M | Reduce -12.3% |
| JPM JPMorgan Chase & Co. | 0.52% | 855,468 | $173.0M | Add +16.3% |
| BSX Boston Scientific Corp. | 0.46% | 2,016,730 | $155.3M | Reduce -13.1% |
| ACN Accenture PLC Class A | 0.46% | 508,839 | $154.4M | Add +17.6% |
| ETN Eaton Corp. PLC | 0.45% | 481,142 | $150.9M | Reduce -21.6% |
| ABT Abbott Laboratories | 0.43% | 1,383,425 | $143.8M | Add +77.8% |
| INTU Intuit Inc. | 0.43% | 216,204 | $142.1M | Add +0.5% |
| PGR Progressive Corp. | 0.42% | 676,780 | $140.6M | Add +13.7% |
| UNP Union Pacific Corp. | 0.42% | 616,689 | $139.5M | Add +16.1% |
| MRK Merck & Co. Inc. | 0.41% | 1,114,652 | $138.0M | Reduce -4.5% |
| UBER Uber Technologies Inc. | 0.41% | 1,892,179 | $137.5M | Add +1.0% |
| MA Mastercard Inc. Class A | 0.41% | 311,356 | $137.4M | Reduce -7.4% |
| ADSK Autodesk Inc. | 0.40% | 540,633 | $133.8M | Reduce -15.7% |
| UBS UBS Group AG-Reg | 0.39% | 4,441,397 | $131.2M | Add +25.6% |
| ECL Ecolab Inc. | 0.39% | 544,200 | $129.5M | Add +17.2% |
| ELV Elevance Health Inc. | 0.38% | 237,265 | $128.6M | Add +147.1% |
| ROP Roper Technologies Inc. | 0.38% | 225,431 | $127.1M | Add +1.7% |
| BKNG Booking Holdings Inc. | 0.38% | 31,852 | $126.2M | Reduce -5.3% |
| RSG Republic Services Inc. | 0.37% | 640,563 | $124.5M | Add +1.8% |
| TER Teradyne Inc. | 0.36% | 819,350 | $121.5M | Add +0.9% |
| GILD Gilead Sciences Inc. | 0.36% | 1,745,881 | $119.8M | Reduce -10.0% |
| NEE Nextera Energy Inc. | 0.35% | 1,673,432 | $118.5M | Add +7.9% |
| BDX Becton Dickinson and Co. | 0.35% | 503,661 | $117.7M | Add +5.9% |
| CSCO Cisco Systems Inc. | 0.34% | 2,413,461 | $114.7M | Reduce -38.4% |
| WDAY Workday Inc. Class A | 0.32% | 483,747 | $108.1M | Reduce -3.3% |
| MCO Moody's Corp. | 0.32% | 250,530 | $105.5M | Reduce -9.8% |
| AMT American Tower Corp. | 0.30% | 523,922 | $101.8M | Add +5.2% |
| GMED Globus Medical Inc. Class A | 0.30% | 1,478,242 | $101.2M | Add +0.5% |
| PCAR Paccar Inc. | 0.30% | 982,813 | $101.2M | Reduce -14.4% |
| REGN Regeneron Pharmaceuticals | 0.29% | 92,654 | $97.4M | Reduce -8.4% |
| JNJ Johnson & Johnson | 0.29% | 665,919 | $97.3M | Reduce -13.8% |
| CME Cme Group Inc. | 0.29% | 494,604 | $97.2M | Add +70.3% |
| EOG EOG Resources Inc. | 0.29% | 767,123 | $96.6M | Reduce -9.0% |
| DECK Deckers Outdoor Corp. | 0.29% | 99,070 | $95.9M | Add +1.0% |
| DHR Danaher Corp. | 0.29% | 382,368 | $95.5M | Reduce -2.7% |
| DE Deere & Co. | 0.29% | 255,429 | $95.4M | Add +56.3% |
| NFLX Netflix Inc. | 0.28% | 139,063 | $93.9M | Reduce -3.6% |
| EW Edwards Lifesciences Corp. | 0.28% | 1,002,502 | $92.6M | Reduce -27.1% |
| WCN Waste Connections Inc. | 0.28% | 525,847 | $92.2M | Reduce -0.0% |
| FISV Fiserv Inc. | 0.27% | 611,923 | $91.2M | Reduce -2.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.27% | 193,337 | $90.6M | Reduce -15.9% |
| AMGN Amgen Inc. | 0.27% | 289,377 | $90.4M | Reduce -50.2% |
| PEP Pepsico Inc. | 0.27% | 543,194 | $89.6M | Reduce -3.6% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 581,073 | $86.6M | Add +297.1% |
| VRSK Verisk Analytics Inc. | 0.26% | 320,337 | $86.3M | Reduce -2.2% |
| ICE Intercontinental Exchange Inc. | 0.26% | 627,667 | $85.9M | Add +5.9% |
| ZBRA Zebra Technologies Corp. Class A | 0.26% | 277,864 | $85.8M | Add +62.3% |
| TXN Texas Instruments Inc. | 0.26% | 439,536 | $85.5M | Reduce -49.9% |
| NTAP Netapp Inc. | 0.26% | 662,379 | $85.3M | Add +0.7% |
| CMG Chipotle Mexican Grill Inc. | 0.25% | 1,356,659 | $85.0M | Add +9.6% |
| KO The Coca-Cola Co. | 0.25% | 1,333,330 | $84.9M | Reduce -0.4% |
| VEEV Veeva Systems Inc. Class A | 0.25% | 459,181 | $84.0M | Reduce -7.7% |
| AXON Axon Enterprise Inc. | 0.24% | 275,602 | $81.1M | Add +22.3% |
| ITW Illinois Tool Works | 0.24% | 341,356 | $80.9M | Add +242.3% |
| HD Home Depot Inc. | 0.24% | 233,251 | $80.3M | Reduce -1.8% |
| PAYO Payoneer Global Inc. | 0.23% | 14,176,485 | $78.5M | Add +1394.5% |
| ANSS Ansys Inc. | 0.23% | 243,767 | $78.4M | Reduce -3.3% |
| CTSH Cognizant Tech Solutions-A | 0.23% | 1,152,320 | $78.4M | Add +27.4% |
| TRMB Trimble Inc. | 0.23% | 1,365,155 | $76.3M | Reduce -2.5% |
| TEL Te Connectivity Ltd. | 0.23% | 502,261 | $75.6M | Add +3.3% |
| PH Parker Hannifin Corp. | 0.23% | 148,856 | $75.3M | Reduce -3.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 432,215 | $74.8M | Add +4.5% |
| AVB Avalonbay Communities Inc. | 0.22% | 358,409 | $74.2M | Reduce -3.9% |
| KLAC KLA Corp. | 0.22% | 89,475 | $73.8M | Reduce -21.4% |
Other holdings (37): bonds, preferreds, convertibles and warrants · $193.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 22,000,000 | $20.6M | Reduce -10.2% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 16,960,000 | $17.0M | Add +15.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 11,850,000 | $11.5M | Reduce -13.8% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 9,400,000 | $10.1M | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 10,700,000 | $10.0M | Add +25.9% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 7,541,000 | $7.6M | Reduce -20.1% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 3,670,000 | $7.3M | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 5,900,000 | $5.8M | Reduce -4.8% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 5,900,000 | $5.8M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 6,200,000 | $5.7M | Reduce -13.9% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 5,750,000 | $5.5M | Add +5.5% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 4,250,000 | $5.5M | Reduce -29.8% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 4,500,000 | $5.2M | Reduce -10.0% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 4,830,000 | $5.1M | Reduce -20.8% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 1,450,000 | $5.0M | Reduce -6.5% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 4,820,000 | $4.8M | Reduce -48.5% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 2,877,000 | $3.9M | Reduce -31.9% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 3,500,000 | $3.8M | Reduce -54.5% |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 6,350,000 | $3.7M | Reduce -33.5% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 3,315,000 | $3.7M | New |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | 1,475,000 | $3.6M | Reduce -24.2% |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | 2,980,000 | $3.6M | Reduce -14.4% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 2,100,000 | $3.6M | New |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 1,670,000 | $3.5M | Reduce -80.4% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 2,800,000 | $3.5M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 3,350,000 | $3.5M | Add +4.7% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 2,300,000 | $3.2M | Reduce -14.8% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 3,000,000 | $2.9M | No change |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 3,000,000 | $2.9M | Add +70.5% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 2,850,000 | $2.8M | Reduce -21.9% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 2,600,000 | $2.6M | Reduce -16.1% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 2,230,000 | $2.5M | Add +15.5% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 1,510,000 | $2.2M | Reduce -66.8% |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | 1,470,000 | $1.9M | No change |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 1,790,000 | $1.8M | Reduce -79.0% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 1,170,000 | $1.2M | Reduce -22.0% |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 425,000 | $890K | New |
Total filed on the 13F, all lines: $33.6B.
Portfolio Sells Q1 2024 → Q2 2024
| STLA Stellantis NV | Reduce -4.7% | 0.75% | −0.38 |
| UNH Unitedhealth Group Inc. | Reduce -27.6% | 0.82% | −0.29 |
| BMY Bristol-Myers Squibb Co. | Reduce -49.3% | 0.16% | −0.25 |
| CSCO Cisco Systems Inc. | Reduce -38.4% | 0.34% | −0.25 |
| AMGN Amgen Inc. | Reduce -50.2% | 0.27% | −0.23 |
| BIIB Biogen Inc. | Reduce -82.3% | 0.05% | −0.22 |
| TXN Texas Instruments Inc. | Reduce -49.9% | 0.26% | −0.21 |
| CRM Salesforce Inc. | Reduce -6.3% | 0.75% | −0.20 |
| OMC Omnicom Group | Reduce -77.8% | 0.04% | −0.16 |
| GPN Global Payments Inc. | Reduce -26.0% | 0.17% | −0.15 |
| MSCI MSCI Inc. | Reduce -54.2% | 0.09% | −0.14 |
| SWAV Shockwave Medical Inc. | Sold out | 0.00% | −0.14 |
| HPQ HP Inc. | Reduce -59.8% | 0.12% | −0.14 |
| EQIX Equinix Inc. | Reduce -12.3% | 0.52% | −0.13 |
| PAYX Paychex Inc. | Reduce -72.3% | 0.05% | −0.13 |
| LW Lamb Weston Holdings Inc. | Reduce -64.8% | 0.05% | −0.13 |
| V Visa Inc. Class A | Reduce -1.2% | 1.49% | −0.13 |
| ETN Eaton Corp. PLC | Reduce -21.6% | 0.45% | −0.13 |
| PCAR Paccar Inc. | Reduce -14.4% | 0.30% | −0.13 |
| SBUX Starbucks Corp. | Reduce -53.3% | 0.08% | −0.13 |
| PLD Prologis Inc. | Reduce -2.8% | 0.60% | −0.12 |
| EW Edwards Lifesciences Corp. | Reduce -27.1% | 0.28% | −0.12 |
| ADSK Autodesk Inc. | Reduce -15.7% | 0.40% | −0.10 |
| CVS CVS Health Corp. | Reduce -25.1% | 0.12% | −0.10 |
| VEEV Veeva Systems Inc. Class A | Reduce -7.7% | 0.25% | −0.10 |
| SNPS Synopsys Inc. | Reduce -34.1% | 0.19% | −0.09 |
| WDAY Workday Inc. Class A | Reduce -3.3% | 0.32% | −0.09 |
| TENB Tenable Holdings Inc. | Sold out | 0.00% | −0.08 |
| BLK BlackRock Finance Inc. | Reduce -30.2% | 0.16% | −0.08 |
| RACE Ferrari NV | Reduce -2.5% | 0.78% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -32.9% | 0.14% | −0.08 |
| JNJ Johnson & Johnson | Reduce -13.8% | 0.29% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -7.4% | 0.41% | −0.08 |
| TT Trane Technologies PLC | Reduce -37.9% | 0.16% | −0.08 |
| ABBV Abbvie Inc. | Reduce -5.8% | 0.54% | −0.07 |
| GILD Gilead Sciences Inc. | Reduce -10.0% | 0.36% | −0.07 |
| NVR NVR Inc. | Reduce -64.7% | 0.03% | −0.07 |
| T AT&T Inc. | Reduce -35.7% | 0.14% | −0.06 |
| CARR Carrier Global Corp. | Reduce -56.9% | 0.05% | −0.06 |
| TSLA Tesla Inc. | Reduce -18.8% | 0.56% | −0.06 |
| MDT Medtronic PLC | Reduce -11.5% | 0.21% | −0.06 |
| FIVN FIVE9 Inc. | Reduce -14.6% | 0.08% | −0.06 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -62.1% | 0.03% | −0.06 |
| CDNS Cadence Design SYS Inc. | Reduce -3.0% | 1.03% | −0.05 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.05 |
| IPG Interpublic Group of Cos Inc. | Reduce -31.1% | 0.08% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -4.5% | 0.41% | −0.05 |
| SHW The Sherwin-Williams Co. | Reduce -26.2% | 0.09% | −0.05 |
| AIG American International Group | Reduce -75.2% | 0.02% | −0.05 |
| ALB Albemarle Corp. | Reduce -88.1% | 0.00% | −0.05 |
Portfolio Buys Q1 2024 → Q2 2024
| MSFT Microsoft Corp. | Add +1.8% | 5.76% | +0.38 |
| AVGO Broadcom Inc. | Add +2.7% | 1.40% | +0.26 |
| ELV Elevance Health Inc. | Add +147.1% | 0.38% | +0.23 |
| PAYO Payoneer Global Inc. | Add +1394.5% | 0.23% | +0.22 |
| AMD Advanced Micro Devices | Add +52.7% | 0.83% | +0.22 |
| LLY Eli Lilly & Co. | Add +7.7% | 1.03% | +0.20 |
| GE General Electric | Add +297.1% | 0.26% | +0.19 |
| ISRG Intuitive Surgical Inc. | Add +3.9% | 1.30% | +0.17 |
| ABT Abbott Laboratories | Add +77.8% | 0.43% | +0.16 |
| ITW Illinois Tool Works | Add +242.3% | 0.24% | +0.16 |
| CMI Cummins Inc. | Add +247.5% | 0.19% | +0.13 |
| NXPI NXP Semiconductors NV | Add +17.0% | 0.60% | +0.12 |
| TD Toronto-Dominion Bank | Add +219.3% | 0.18% | +0.12 |
| CME Cme Group Inc. | Add +70.3% | 0.29% | +0.10 |
| ZBRA Zebra Technologies Corp. Class A | Add +62.3% | 0.26% | +0.10 |
| NEM Newmont Corp. | Add +76.0% | 0.19% | +0.10 |
| SYY Sysco Corp. | Add +256.7% | 0.14% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | Add +15.4% | 1.16% | +0.09 |
| CM Can Imperial BK of Commerce | Add +373.3% | 0.11% | +0.09 |
| MAR Marriott International Class A | Add +133.4% | 0.16% | +0.09 |
| TER Teradyne Inc. | Add +0.9% | 0.36% | +0.09 |
| AZN Astrazeneca PLC-Spons ADR | Add +1039.6% | 0.09% | +0.09 |
| FER Ferrovial NV | New | 0.08% | +0.08 |
| DE Deere & Co. | Add +56.3% | 0.29% | +0.08 |
| ZTS Zoetis Inc. | Add +10.7% | 0.68% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +16.3% | 0.52% | +0.07 |
| FOXA Fox Corp. Class A | Add +294.2% | 0.09% | +0.07 |
| GMED Globus Medical Inc. Class A | Add +0.5% | 0.30% | +0.06 |
| UBS UBS Group AG-Reg | Add +25.6% | 0.39% | +0.06 |
| ECL Ecolab Inc. | Add +17.2% | 0.39% | +0.06 |
| S Sentinelone Inc. Class A | New | 0.06% | +0.06 |
| NEE Nextera Energy Inc. | Add +7.9% | 0.35% | +0.06 |
| ZBH Zimmer Biomet Holdings Inc. | Add +263.7% | 0.08% | +0.05 |
| PGR Progressive Corp. | Add +13.7% | 0.42% | +0.05 |
| NTAP Netapp Inc. | Add +0.7% | 0.26% | +0.05 |
| STT State Street Corp. | Add +123.5% | 0.09% | +0.05 |
| MELI MercadoLibre Inc. | Add +17.9% | 0.21% | +0.04 |
| COR Cencora Inc. | Add +47.0% | 0.17% | +0.04 |
| ALLE Allegion PLC | Add +83.6% | 0.12% | +0.04 |
| EXPD Expeditors Intl Wash Inc. | Add +112.1% | 0.08% | +0.04 |
| HUM Humana Inc. | Add +285.1% | 0.06% | +0.04 |
| BNY Bank of New York Mellon Corp. | Add +66.3% | 0.10% | +0.04 |
| ORCL Oracle Corp. | Add +11.0% | 0.21% | +0.04 |
| CMG Chipotle Mexican Grill Inc. | Add +9.6% | 0.25% | +0.04 |
| WEAV Weave Communications Inc. | New | 0.03% | +0.03 |
| PI Impinj Inc. | New | 0.03% | +0.03 |
| BMRN Biomarin Pharmaceutical Inc. | Add +41.7% | 0.14% | +0.03 |
| DLR Digital Realty Trust Inc. | Add +23.6% | 0.15% | +0.03 |
| TROW T Rowe Price Group Inc. | Add +74.4% | 0.09% | +0.03 |
| CTSH Cognizant Tech Solutions-A | Add +27.4% | 0.23% | +0.03 |
Notes & Other Activity Q1 2024 → Q2 2024
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Reduce -10.2% | 22,000,000 | $20.6M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Add +15.1% | 16,960,000 | $17.0M |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Sold out | 14,200,000 | $13.6Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -13.8% | 11,850,000 | $11.5M |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | Add +25.9% | 10,700,000 | $10.0M |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | Sold out | 7,600,000 | $8.9Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -20.1% | 7,541,000 | $7.6M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -4.8% | 5,900,000 | $5.8M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 5,900,000 | $5.8M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Reduce -13.9% | 6,200,000 | $5.7M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +5.5% | 5,750,000 | $5.5M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Reduce -29.8% | 4,250,000 | $5.5M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Reduce -10.0% | 4,500,000 | $5.2M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Reduce -20.8% | 4,830,000 | $5.1M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -6.5% | 1,450,000 | $5.0M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -48.5% | 4,820,000 | $4.8M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Reduce -31.9% | 2,877,000 | $3.9M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Reduce -54.5% | 3,500,000 | $3.8M |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Reduce -33.5% | 6,350,000 | $3.7M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 3,315,000 | $3.7M |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | Reduce -24.2% | 1,475,000 | $3.6M |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | Reduce -14.4% | 2,980,000 | $3.6M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | New | 2,100,000 | $3.6M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Reduce -80.4% | 1,670,000 | $3.5M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +4.7% | 3,350,000 | $3.5M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -14.8% | 2,300,000 | $3.2M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Sold out | 2,950,000 | $3.1Mbefore exit |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Add +70.5% | 3,000,000 | $2.9M |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | Reduce -21.9% | 2,850,000 | $2.8M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Reduce -16.1% | 2,600,000 | $2.6M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +15.5% | 2,230,000 | $2.5M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Reduce -66.8% | 1,510,000 | $2.2M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | Reduce -79.0% | 1,790,000 | $1.8M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 1,650,000 | $1.7Mbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Reduce -22.0% | 1,170,000 | $1.2M |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | Sold out | 1,200,000 | $1.2Mbefore exit |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | New | 425,000 | $890K |
| BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24) | NOTE 0.599% 8/0 · principal | Sold out | 771,000 | $759Kbefore 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 2026 | 46 | $91.9M | SPY, BRK.B, TTE, GOOGL, NVDA |
| Q1 2026 | 74 | $256.4M | BABA, SPY, TTE, IEMG, NVDA |
| Q4 2025 | 73 | $211.4M | SPY, TTE, NVDA, IEMG, MSFT |
| Q3 2025 | 61 | $199.4M | SPY, MSFT, NVDA, GOOGL, IEMG |
| Q2 2025 | 1,077 | $34.6B | NVDA, MSFT, AMZN, AAPL, META |
| Q1 2025 | 1,014 | $30.3B | NVDA, AAPL, MSFT, AMZN, V |
| Q4 2024 | 1,027 | $32.8B | NVDA, MSFT, AAPL, AMZN, GOOG |
| Q3 2024 | 1,053 | $33.6B | NVDA, MSFT, AAPL, AMZN, SEAGATE HDD CAYMAN (STX 3.5 06/01/28) |
| Q2 2024Amended | 1,019 | $33.4B | NVDA, MSFT, AAPL, AMZN, GOOG |
| Q1 2024 | 1,018 | $33.1B | MSFT, NVDA, AAPL, AMZN, GOOG |