AXA S.A.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), AXA S.A. reported 1,014 stock positions worth $30.3 billion. Its top holding was Nvidia (NVDA) at 5.0% of the portfolio, followed by Apple (AAPL, 4.8%) and Microsoft (MSFT, 4.7%). Compared with Q4 2024, it opened 89 new positions, sold out of 102, added to 431 and reduced 442. The biggest buy was Meta Platforms Class A (META, shares +18%) and the biggest sale Nvidia (NVDA, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0000898427
- Portfolio Value
- $30.3B (Q1 2025)
- SEC Filing
- 0000898427-25-000009 ↗ filed May 15, 2025
Holdings Value
Holdings 1,014 stocks · $30.3B
| NVDA Nvidia Corp. | 4.97% | 13,886,957 | $1.5B | Reduce -2.7% |
| AAPL Apple Inc. | 4.82% | 6,572,185 | $1.5B | Add +1.3% |
| MSFT Microsoft Corp. | 4.70% | 3,795,788 | $1.4B | Reduce -4.3% |
| AMZN Amazon.com Inc. | 3.79% | 6,026,518 | $1.1B | Reduce -0.3% |
| V Visa Inc. Class A | 1.85% | 1,599,518 | $560.6M | Reduce -13.0% |
| META Meta Platforms Inc. Class A | 1.61% | 846,243 | $487.7M | Add +17.7% |
| GOOG Alphabet Inc. Class C | 1.59% | 3,082,982 | $481.7M | Reduce -13.9% |
| GOOGL Alphabet Inc. Class A | 1.39% | 2,725,280 | $421.4M | Reduce -11.4% |
| CRM Salesforce Inc. | 1.32% | 1,485,725 | $398.7M | Add +32.7% |
| AVGO Broadcom Inc. | 1.24% | 2,246,543 | $376.1M | Reduce -3.7% |
| ISRG Intuitive Surgical Inc. | 1.09% | 667,033 | $330.4M | Reduce -13.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.06% | 2,638,392 | $321.4M | Add +1.9% |
| COST Costco Wholesale Corp. | 1.06% | 338,693 | $320.3M | Reduce -14.1% |
| CDNS Cadence Design SYS Inc. | 0.95% | 1,134,148 | $288.4M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 0.93% | 342,022 | $282.5M | Reduce -0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.86% | 520,551 | $259.0M | Reduce -19.7% |
| PG The Procter & Gamble Co. | 0.83% | 1,481,116 | $252.4M | Add +7.1% |
| QCOM Qualcomm Inc. | 0.83% | 1,631,700 | $250.6M | Reduce -9.7% |
| LIN Linde PLC | 0.81% | 526,200 | $245.0M | Add +15.5% |
| UNH Unitedhealth Group Inc. | 0.78% | 448,470 | $234.9M | Add +0.3% |
| RACE Ferrari NV | 0.76% | 540,572 | $231.3M | Reduce -8.2% |
| ADSK Autodesk Inc. | 0.76% | 878,924 | $230.1M | Add +19.8% |
| HD Home Depot Inc. | 0.74% | 614,761 | $225.3M | Add +6.8% |
| BSX Boston Scientific Corp. | 0.73% | 2,194,616 | $221.4M | Add +11.3% |
| NOW ServiceNow Inc. | 0.69% | 261,664 | $208.3M | Reduce -15.1% |
| TSLA Tesla Inc. | 0.68% | 795,274 | $206.1M | Reduce -3.6% |
| ABBV Abbvie Inc. | 0.63% | 912,114 | $191.1M | Reduce -6.2% |
| JPM JPMorgan Chase & Co. | 0.62% | 768,495 | $188.5M | Add +12.1% |
| CSCO Cisco Systems Inc. | 0.61% | 3,012,027 | $185.9M | Reduce -0.1% |
| ZTS Zoetis Inc. | 0.61% | 1,113,462 | $183.3M | Reduce -18.7% |
| GILD Gilead Sciences Inc. | 0.59% | 1,604,489 | $179.8M | Reduce -10.9% |
| PGR Progressive Corp. | 0.59% | 627,623 | $177.6M | Add +9.8% |
| AXP American Express Co. | 0.58% | 658,194 | $177.1M | Add +11.2% |
| BKNG Booking Holdings Inc. | 0.56% | 36,981 | $170.4M | Add +2.3% |
| ACN Accenture PLC Class A | 0.55% | 534,951 | $166.9M | Add +12.3% |
| UBER Uber Technologies Inc. | 0.55% | 2,282,458 | $166.3M | Add +2.7% |
| ETN Eaton Corp. PLC | 0.55% | 610,649 | $166.0M | Reduce -1.5% |
| PANW Palo Alto Networks Inc. | 0.55% | 969,480 | $165.4M | Reduce -20.6% |
| PLD Prologis Inc. | 0.52% | 1,414,794 | $158.2M | Reduce -3.8% |
| DXCM Dexcom Inc. | 0.51% | 2,272,778 | $155.2M | Add +0.7% |
| UBS UBS Group AG-Reg | 0.51% | 5,065,935 | $155.2M | Reduce -0.5% |
| ADP Automatic Data Processing | 0.51% | 503,401 | $153.8M | Reduce -3.0% |
| CME Cme Group Inc. | 0.51% | 577,042 | $153.1M | Add +9.8% |
| CMG Chipotle Mexican Grill Inc. | 0.49% | 2,977,298 | $149.5M | Reduce -2.7% |
| ABT Abbott Laboratories | 0.49% | 1,117,562 | $148.2M | Add +0.7% |
| NFLX Netflix Inc. | 0.49% | 158,096 | $147.4M | Add +24.9% |
| RSG Republic Services Inc. | 0.48% | 601,591 | $145.7M | Add +14.3% |
| MA Mastercard Inc. Class A | 0.47% | 262,414 | $143.8M | Add +5.9% |
| INTU Intuit Inc. | 0.46% | 228,916 | $140.6M | Reduce -24.1% |
| KO The Coca-Cola Co. | 0.45% | 1,915,817 | $137.2M | Add +39.6% |
| SHW The Sherwin-Williams Co. | 0.45% | 392,405 | $137.0M | Reduce -6.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.45% | 816,800 | $135.6M | Reduce -8.8% |
| JNJ Johnson & Johnson | 0.44% | 795,859 | $132.0M | Add +4.0% |
| EQIX Equinix Inc. | 0.43% | 161,613 | $131.8M | Reduce -24.5% |
| AXON Axon Enterprise Inc. | 0.39% | 226,741 | $119.3M | Add +14.0% |
| MRK Merck & Co. Inc. | 0.39% | 1,320,000 | $118.5M | Add +0.7% |
| NXPI NXP Semiconductors NV | 0.38% | 608,905 | $115.7M | Add +14.7% |
| ECL Ecolab Inc. | 0.38% | 453,955 | $115.1M | Reduce -3.1% |
| BMY Bristol-Myers Squibb Co. | 0.37% | 1,859,341 | $113.4M | Reduce -8.5% |
| TT Trane Technologies PLC | 0.37% | 334,496 | $112.7M | Add +207.2% |
| UNP Union Pacific Corp. | 0.35% | 451,337 | $106.6M | Add +4.3% |
| FISV Fiserv Inc. | 0.35% | 477,953 | $105.5M | Add +11.7% |
| GMED Globus Medical Inc. Class A | 0.34% | 1,402,205 | $102.6M | Reduce -1.5% |
| SPGI S&P Global Inc. | 0.34% | 201,324 | $102.3M | Add +34.8% |
| PAYO Payoneer Global Inc. | 0.34% | 13,887,897 | $101.5M | Reduce -1.8% |
| BDX Becton Dickinson and Co. | 0.33% | 437,703 | $100.3M | Reduce -7.1% |
| AMAT Applied Materials Inc. | 0.32% | 664,545 | $96.4M | Reduce -4.4% |
| ICE Intercontinental Exchange Inc. | 0.31% | 550,259 | $94.9M | Reduce -3.3% |
| BABA Alibaba Group Holding-SP ADR | 0.31% | 717,380 | $94.9M | Add +40.5% |
| NEE Nextera Energy Inc. | 0.30% | 1,260,736 | $89.4M | Add +8.5% |
| AMGN Amgen Inc. | 0.28% | 275,631 | $85.9M | Add +1.4% |
| CTSH Cognizant Tech Solutions-A | 0.27% | 1,086,676 | $83.1M | Reduce -2.4% |
| CMI Cummins Inc. | 0.27% | 258,521 | $81.0M | Add +8.2% |
| PEP Pepsico Inc. | 0.26% | 535,152 | $80.2M | Add +9.4% |
| BLK BlackRock Inc. | 0.26% | 84,687 | $80.2M | Reduce -9.2% |
| TRMB Trimble Inc. | 0.26% | 1,210,861 | $79.5M | Reduce -5.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 160,793 | $78.0M | Add +14.2% |
| CAH Cardinal Health Inc. | 0.25% | 557,528 | $76.8M | Add +4.1% |
| AMP Ameriprise Financial Inc. | 0.25% | 157,407 | $76.2M | Add +7.9% |
| VZ Verizon Communications Inc. | 0.25% | 1,664,024 | $75.5M | Add +13.6% |
| TER Teradyne Inc. | 0.25% | 903,027 | $74.6M | Add +16.2% |
| ZBRA Zebra Technologies Corp. Class A | 0.24% | 262,459 | $74.2M | Reduce -10.3% |
| CL Colgate-Palmolive Co. | 0.24% | 782,024 | $73.3M | Add +49.8% |
| RY Royal Bank of Canada | 0.24% | 635,738 | $71.7M | Add +59.8% |
| MCD McDonald's Corp. | 0.24% | 228,219 | $71.3M | Add +233.1% |
| WELL Welltower Inc. | 0.23% | 462,894 | $70.9M | Reduce -8.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 282,778 | $70.3M | Reduce -3.4% |
| ADBE Adobe Inc. | 0.23% | 181,656 | $69.7M | Add +14.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 129,775 | $69.1M | Add +7.9% |
| WMT Walmart Inc. | 0.22% | 773,867 | $67.9M | Reduce -0.8% |
| PCOR Procore Technologies Inc. | 0.22% | 1,025,535 | $67.7M | Add +3.1% |
| ANSS Ansys Inc. | 0.22% | 213,617 | $67.6M | Reduce -8.3% |
| ITW Illinois Tool Works | 0.22% | 268,847 | $66.7M | Add +5.2% |
| DLR Digital Realty Trust Inc. | 0.22% | 454,824 | $65.2M | Add +7.1% |
| ROP Roper Technologies Inc. | 0.21% | 109,692 | $64.7M | Reduce -39.9% |
| CMCSA Comcast Corp. Class A | 0.21% | 1,744,681 | $64.4M | Add +0.3% |
| GIS General Mills Inc. | 0.21% | 1,069,602 | $64.0M | Reduce -19.5% |
| COR Cencora Inc. | 0.21% | 229,105 | $63.7M | Reduce -14.5% |
| KMB Kimberly-Clark Corp. | 0.21% | 447,718 | $63.7M | Add +59.3% |
| EXC Exelon Corp. | 0.21% | 1,365,465 | $62.9M | Add +9.7% |
Other holdings (42): bonds, preferreds, convertibles and warrants · $155.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 9,590,000 | $11.7M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 9,900,000 | $9.9M | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 9,500,000 | $9.3M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 6,589,000 | $7.6M | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 6,900,000 | $7.3M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 4,855,000 | $6.9M | Add +6.6% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 7,100,000 | $6.9M | Reduce -12.3% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 6,200,000 | $6.0M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 4,430,000 | $5.4M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 5,500,000 | $5.4M | Reduce -9.1% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 4,250,000 | $5.1M | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 3,490,000 | $5.0M | Add +26.4% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 1,385,000 | $4.8M | Reduce -9.8% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 4,600,000 | $4.4M | No change |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 1,710,000 | $4.0M | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,600,000 | $3.8M | Reduce -9.6% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 3,050,000 | $3.7M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 3,900,000 | $3.5M | New |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 2,577,000 | $3.4M | Reduce -10.4% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 3,100,000 | $3.1M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,650,000 | $3.1M | Reduce -18.5% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 3,050,000 | $2.8M | Reduce -18.7% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 2,200,000 | $2.8M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 3,070,000 | $2.6M | Reduce -25.1% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 2,150,000 | $2.5M | Reduce -28.3% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 1,550,000 | $2.2M | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 2,065,000 | $2.2M | Reduce -60.5% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 1,860,000 | $2.1M | Reduce -16.6% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 2,035,000 | $2.0M | Reduce -33.6% |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 760,000 | $2.0M | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 1,400,000 | $1.6M | Reduce -22.2% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 1,570,000 | $1.5M | Reduce -31.7% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 1,400,000 | $1.5M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 1,310,000 | $1.5M | Reduce -19.1% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 1,530,000 | $1.5M | Reduce -35.7% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,100,000 | $1.4M | New |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 1,010,000 | $1.1M | Reduce -33.1% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 1,000,000 | $990K | No change |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 800,000 | $799K | Reduce -20.0% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 738,000 | $724K | No change |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 700,000 | $694K | No change |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 325,000 | $645K | Reduce -23.5% |
Total filed on the 13F, all lines: $30.4B.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -2.7% | 4.97% | −0.88 |
| GOOG Alphabet Inc. Class C | Reduce -13.9% | 1.59% | −0.49 |
| AVGO Broadcom Inc. | Reduce -3.7% | 1.24% | −0.41 |
| MSFT Microsoft Corp. | Reduce -4.3% | 4.70% | −0.40 |
| GOOGL Alphabet Inc. Class A | Reduce -11.4% | 1.39% | −0.39 |
| TSLA Tesla Inc. | Reduce -3.6% | 0.68% | −0.34 |
| NOW ServiceNow Inc. | Reduce -15.1% | 0.69% | −0.31 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 3.79% | −0.26 |
| AMD Advanced Micro Devices | Reduce -49.8% | 0.20% | −0.23 |
| WDAY Workday Inc. Class A | Reduce -60.6% | 0.12% | −0.20 |
| GPN Global Payments Inc. | Reduce -98.5% | 0.00% | −0.19 |
| EQIX Equinix Inc. | Reduce -24.5% | 0.43% | −0.18 |
| TMO Thermo Fisher Scientific Inc. | Reduce -19.7% | 0.86% | −0.17 |
| GE General Electric | Reduce -63.9% | 0.14% | −0.16 |
| MRVL Marvell Technology Inc. | Reduce -51.3% | 0.06% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -13.6% | 1.09% | −0.14 |
| STLA Stellantis NV | Reduce -37.5% | 0.17% | −0.14 |
| PANW Palo Alto Networks Inc. | Reduce -20.6% | 0.55% | −0.13 |
| MCO Moody's Corp. | Reduce -72.9% | 0.05% | −0.11 |
| INTU Intuit Inc. | Reduce -24.1% | 0.46% | −0.11 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -10.3% | 0.24% | −0.10 |
| PAYO Payoneer Global Inc. | Reduce -1.8% | 0.34% | −0.10 |
| DDOG Datadog Inc. Class A | Reduce -83.9% | 0.01% | −0.10 |
| VEEV Veeva Systems Inc. Class A | Reduce -47.8% | 0.15% | −0.09 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -8.8% | 0.45% | −0.09 |
| CDNS Cadence Design SYS Inc. | Reduce -0.1% | 0.95% | −0.09 |
| TXN Texas Instruments Inc. | Reduce -31.2% | 0.20% | −0.08 |
| ETN Eaton Corp. PLC | Reduce -1.5% | 0.55% | −0.08 |
| ROP Roper Technologies Inc. | Reduce -39.9% | 0.21% | −0.08 |
| SCI Service Corp. International | Sold out | 0.00% | −0.08 |
| ZTS Zoetis Inc. | Reduce -18.7% | 0.61% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Reduce -64.0% | 0.06% | −0.07 |
| CMG Chipotle Mexican Grill Inc. | Reduce -2.7% | 0.49% | −0.07 |
| NTAP Netapp Inc. | Reduce -11.5% | 0.18% | −0.07 |
| GLOB Globant SA | Sold out | 0.00% | −0.07 |
| PNR Pentair PLC | Reduce -34.3% | 0.10% | −0.06 |
| VRSK Verisk Analytics Inc. | Reduce -53.9% | 0.07% | −0.06 |
| WCN Waste Connections Inc. | Reduce -54.2% | 0.08% | −0.06 |
| ONON On Holding AG Class A | Reduce -43.8% | 0.06% | −0.06 |
| EA Electronic Arts Inc. | Reduce -40.2% | 0.10% | −0.06 |
| MAR Marriott International Class A | Reduce -36.6% | 0.08% | −0.06 |
| FLYW Flywire Corp.-Voting | Sold out | 0.00% | −0.05 |
| GEN Gen Digital Inc. | Reduce -36.9% | 0.10% | −0.05 |
| TD Toronto-Dominion Bank | Reduce -87.9% | 0.01% | −0.05 |
| DOV Dover Corp. | Reduce -32.7% | 0.10% | −0.05 |
| GIS General Mills Inc. | Reduce -19.5% | 0.21% | −0.05 |
| ORCL Oracle Corp. | Reduce -16.6% | 0.14% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -14.1% | 1.06% | −0.04 |
| PLNT Planet Fitness Inc. Class A | Reduce -25.3% | 0.16% | −0.04 |
| PCAR Paccar Inc. | Reduce -18.0% | 0.19% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | Add +17.7% | 1.61% | +0.33 |
| TT Trane Technologies PLC | Add +207.2% | 0.37% | +0.25 |
| LIN Linde PLC | Add +15.5% | 0.81% | +0.23 |
| BSX Boston Scientific Corp. | Add +11.3% | 0.73% | +0.19 |
| KO The Coca-Cola Co. | Add +39.6% | 0.45% | +0.19 |
| BABA Alibaba Group Holding-SP ADR | Add +40.5% | 0.31% | +0.18 |
| MCD McDonald's Corp. | Add +233.1% | 0.24% | +0.17 |
| CRM Salesforce Inc. | Add +32.7% | 1.32% | +0.17 |
| PGR Progressive Corp. | Add +9.8% | 0.59% | +0.17 |
| RSG Republic Services Inc. | Add +14.3% | 0.48% | +0.16 |
| ARM Arm Holdings PLC-ADR | Add +4789.6% | 0.15% | +0.15 |
| NFLX Netflix Inc. | Add +24.9% | 0.49% | +0.14 |
| UBER Uber Technologies Inc. | Add +2.7% | 0.55% | +0.14 |
| SE Sea Ltd.-ADR | Add +1907.5% | 0.14% | +0.14 |
| CME Cme Group Inc. | Add +9.8% | 0.51% | +0.13 |
| PG The Procter & Gamble Co. | Add +7.1% | 0.83% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +12.1% | 0.62% | +0.12 |
| SPGI S&P Global Inc. | Add +34.8% | 0.34% | +0.11 |
| TJX TJX Companies Inc. | Add +1.9% | 1.06% | +0.11 |
| ABT Abbott Laboratories | Add +0.7% | 0.49% | +0.11 |
| ADSK Autodesk Inc. | Add +19.8% | 0.76% | +0.10 |
| JNJ Johnson & Johnson | Add +4.0% | 0.44% | +0.10 |
| KMB Kimberly-Clark Corp. | Add +59.3% | 0.21% | +0.10 |
| CL Colgate-Palmolive Co. | Add +49.8% | 0.24% | +0.10 |
| MMYT Makemytrip Ltd. | Add +1163.9% | 0.10% | +0.09 |
| RY Royal Bank of Canada | Add +59.8% | 0.24% | +0.09 |
| UNH Unitedhealth Group Inc. | Add +0.3% | 0.78% | +0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Add +14.2% | 0.26% | +0.08 |
| FISV Fiserv Inc. | Add +11.7% | 0.35% | +0.08 |
| MA Mastercard Inc. Class A | Add +5.9% | 0.47% | +0.08 |
| PAYX Paychex Inc. | Add +69.7% | 0.15% | +0.08 |
| VZ Verizon Communications Inc. | Add +13.6% | 0.25% | +0.07 |
| CSL Carlisle Cos Inc. | Add +230.5% | 0.10% | +0.07 |
| ULTA Ulta Beauty Inc. | Add +1650.4% | 0.07% | +0.07 |
| AMGN Amgen Inc. | Add +1.4% | 0.28% | +0.07 |
| URI United Rentals Inc. | Add +394.2% | 0.08% | +0.07 |
| EXC Exelon Corp. | Add +9.7% | 0.21% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.9% | 0.23% | +0.06 |
| HD Home Depot Inc. | Add +6.8% | 0.74% | +0.06 |
| CAH Cardinal Health Inc. | Add +4.1% | 0.25% | +0.06 |
| ORLY O'reilly Automotive Inc. | Add +6.2% | 0.20% | +0.06 |
| SPOT Spotify Technology SA | Add +37.1% | 0.13% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +23.9% | 0.17% | +0.05 |
| KR Kroger Co. | Add +49.3% | 0.12% | +0.05 |
| UNP Union Pacific Corp. | Add +4.3% | 0.35% | +0.05 |
| CTAS Cintas Corp. | Add +25.6% | 0.14% | +0.05 |
| EBAY eBay Inc. | Add +36.1% | 0.13% | +0.05 |
| AXP American Express Co. | Add +11.2% | 0.58% | +0.05 |
| KMI Kinder Morgan Inc. | Add +89.7% | 0.09% | +0.05 |
| NXPI NXP Semiconductors NV | Add +14.7% | 0.38% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| IYR iShares US Real Estate ETF | put | Sold out | 1,350,000 | $20Kbefore exit |
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
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 9,590,000 | $11.7M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 6,589,000 | $7.6M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Add +6.6% | 4,855,000 | $6.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -12.3% | 7,100,000 | $6.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -9.1% | 5,500,000 | $5.4M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Add +26.4% | 3,490,000 | $5.0M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -9.8% | 1,385,000 | $4.8M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Sold out | 4,150,000 | $4.4Mbefore exit |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | New | 1,710,000 | $4.0M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -9.6% | 1,600,000 | $3.8M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | New | 3,050,000 | $3.7M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 3,630,000 | $3.6Mbefore exit |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 3,900,000 | $3.5M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Reduce -10.4% | 2,577,000 | $3.4M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | New | 3,100,000 | $3.1M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Reduce -18.5% | 2,650,000 | $3.1M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | Sold out | 2,050,000 | $3.0Mbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Reduce -18.7% | 3,050,000 | $2.8M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -25.1% | 3,070,000 | $2.6M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Reduce -28.3% | 2,150,000 | $2.5M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | New | 1,550,000 | $2.2M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -60.5% | 2,065,000 | $2.2M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -16.6% | 1,860,000 | $2.1M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Reduce -33.6% | 2,035,000 | $2.0M |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | New | 760,000 | $2.0M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | Sold out | 1,790,000 | $1.7Mbefore exit |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Reduce -22.2% | 1,400,000 | $1.6M |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | Reduce -31.7% | 1,570,000 | $1.5M |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Reduce -19.1% | 1,310,000 | $1.5M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Reduce -35.7% | 1,530,000 | $1.5M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 1,100,000 | $1.4M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Reduce -33.1% | 1,010,000 | $1.1M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -20.0% | 800,000 | $799K |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -23.5% | 325,000 | $645K |
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 |