AXA S.A.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), AXA S.A. reported 1,077 stock positions worth $34.6 billion. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Amazon.com (AMZN, 3.8%). Compared with Q1 2025, it opened 136 new positions, sold out of 74, added to 456 and reduced 354. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0000898427
- Portfolio Value
- $34.6B (Q2 2025)
- SEC Filing
- 0000898427-25-000018 ↗ filed Aug 14, 2025
Holdings Value
Holdings 1,077 stocks · $34.6B
| NVDA Nvidia Corp. | 6.54% | 14,342,426 | $2.3B | Add +3.3% |
| MSFT Microsoft Corp. | 5.91% | 4,114,009 | $2.0B | Add +8.4% |
| AMZN Amazon.com Inc. | 3.83% | 6,055,117 | $1.3B | Add +0.5% |
| AAPL Apple Inc. | 3.78% | 6,389,482 | $1.3B | Reduce -2.8% |
| META Meta Platforms Inc. Class A | 2.08% | 975,049 | $719.7M | Add +15.2% |
| AVGO Broadcom Inc. | 1.92% | 2,415,767 | $665.9M | Add +7.5% |
| V Visa Inc. Class A | 1.74% | 1,701,736 | $604.2M | Add +6.4% |
| GOOG Alphabet Inc. Class C | 1.50% | 2,933,325 | $520.3M | Reduce -4.8% |
| GOOGL Alphabet Inc. Class A | 1.39% | 2,733,319 | $481.7M | Add +0.3% |
| COST Costco Wholesale Corp. | 1.13% | 394,083 | $390.1M | Add +16.4% |
| ISRG Intuitive Surgical Inc. | 1.08% | 686,237 | $372.9M | Add +2.9% |
| NOW ServiceNow Inc. | 1.01% | 341,672 | $351.3M | Add +30.6% |
| CRM Salesforce Inc. | 0.97% | 1,232,978 | $336.2M | Reduce -17.0% |
| NFLX Netflix Inc. | 0.97% | 250,820 | $335.9M | Add +58.6% |
| CDNS Cadence Design SYS Inc. | 0.94% | 1,057,706 | $325.9M | Reduce -6.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.90% | 2,533,558 | $312.9M | Reduce -4.0% |
| LIN Linde PLC | 0.88% | 648,443 | $304.2M | Add +23.2% |
| ETN Eaton Corp. PLC | 0.86% | 838,519 | $299.3M | Add +37.3% |
| ADSK Autodesk Inc. | 0.79% | 888,404 | $275.0M | Add +1.1% |
| BSX Boston Scientific Corp. | 0.78% | 2,511,927 | $269.8M | Add +14.5% |
| PG The Procter & Gamble Co. | 0.76% | 1,643,986 | $261.9M | Add +11.0% |
| TSLA Tesla Inc. | 0.72% | 789,306 | $250.7M | Reduce -0.8% |
| RACE Ferrari NV | 0.71% | 498,551 | $244.7M | Reduce -7.8% |
| UBER Uber Technologies Inc. | 0.68% | 2,536,333 | $236.6M | Add +11.1% |
| CSCO Cisco Systems Inc. | 0.66% | 3,317,243 | $230.2M | Add +10.1% |
| JPM JPMorgan Chase & Co. | 0.66% | 789,932 | $229.0M | Add +2.8% |
| LLY Eli Lilly & Co. | 0.64% | 283,817 | $221.2M | Reduce -17.0% |
| BKNG Booking Holdings Inc. | 0.63% | 37,480 | $217.0M | Add +1.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.62% | 949,201 | $215.0M | Add +16.2% |
| AXP American Express Co. | 0.62% | 669,915 | $213.7M | Add +1.8% |
| MA Mastercard Inc. Class A | 0.57% | 352,913 | $198.3M | Add +34.5% |
| DXCM Dexcom Inc. | 0.55% | 2,167,155 | $189.2M | Reduce -4.7% |
| PANW Palo Alto Networks Inc. | 0.51% | 868,259 | $177.7M | Reduce -10.4% |
| GILD Gilead Sciences Inc. | 0.51% | 1,602,225 | $177.6M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.51% | 437,727 | $177.5M | Reduce -15.9% |
| ACN Accenture PLC Class A | 0.51% | 593,562 | $177.4M | Add +11.0% |
| QCOM Qualcomm Inc. | 0.50% | 1,091,022 | $173.8M | Reduce -33.1% |
| ABBV Abbvie Inc. | 0.49% | 911,288 | $169.2M | Reduce -0.1% |
| PGR Progressive Corp. | 0.48% | 627,853 | $167.5M | Add +0.0% |
| TT Trane Technologies PLC | 0.48% | 381,320 | $166.8M | Add +14.0% |
| KO The Coca-Cola Co. | 0.48% | 2,350,042 | $166.3M | Add +22.7% |
| ABT Abbott Laboratories | 0.47% | 1,200,987 | $163.3M | Add +7.5% |
| CMG Chipotle Mexican Grill Inc. | 0.47% | 2,894,707 | $162.5M | Reduce -2.8% |
| RSG Republic Services Inc. | 0.44% | 622,500 | $153.5M | Add +3.5% |
| ECL Ecolab Inc. | 0.41% | 532,233 | $143.4M | Add +17.2% |
| ADP Automatic Data Processing | 0.41% | 463,465 | $142.9M | Reduce -7.9% |
| SHW The Sherwin-Williams Co. | 0.41% | 414,797 | $142.4M | Add +5.7% |
| INTU Intuit Inc. | 0.41% | 179,258 | $141.2M | Reduce -21.7% |
| AXON Axon Enterprise Inc. | 0.40% | 167,210 | $138.4M | Reduce -26.3% |
| NXPI NXP Semiconductors NV | 0.39% | 618,743 | $135.2M | Add +1.6% |
| CME Cme Group Inc. | 0.39% | 485,738 | $133.9M | Reduce -15.8% |
| TSCO Tractor Supply Company | 0.37% | 2,459,895 | $129.8M | Add +418.2% |
| ZTS Zoetis Inc. | 0.37% | 818,808 | $127.7M | Reduce -26.5% |
| BMY Bristol-Myers Squibb Co. | 0.37% | 2,746,873 | $127.2M | Add +47.7% |
| RY Royal Bank of Canada | 0.36% | 955,241 | $125.7M | Add +50.3% |
| BABA Alibaba Group Holding-SP ADR | 0.36% | 1,100,953 | $124.9M | Add +53.5% |
| AMAT Applied Materials Inc. | 0.36% | 681,221 | $124.7M | Add +2.5% |
| JNJ Johnson & Johnson | 0.35% | 803,954 | $122.8M | Add +1.0% |
| UBS UBS Group AG-Reg | 0.35% | 3,614,786 | $122.3M | Reduce -28.6% |
| AMD Advanced Micro Devices | 0.34% | 841,174 | $119.4M | Add +41.8% |
| EQIX Equinix Inc. | 0.34% | 146,740 | $116.7M | Reduce -9.2% |
| PLD Prologis Inc. | 0.34% | 1,109,385 | $116.6M | Reduce -21.6% |
| HD Home Depot Inc. | 0.33% | 313,419 | $114.9M | Reduce -49.0% |
| PH Parker Hannifin Corp. | 0.31% | 152,118 | $106.2M | Add +61.1% |
| AMGN Amgen Inc. | 0.31% | 379,296 | $105.9M | Add +37.6% |
| MRK Merck & Co. Inc. | 0.30% | 1,306,332 | $103.4M | Reduce -1.0% |
| SPGI S&P Global Inc. | 0.30% | 194,412 | $102.5M | Reduce -3.4% |
| ORCL Oracle Corp. | 0.29% | 466,887 | $102.1M | Add +52.5% |
| ARM Arm Holdings PLC-ADR | 0.29% | 629,816 | $101.9M | Add +49.3% |
| HON Honeywell International Inc. | 0.29% | 436,605 | $101.7M | Add +330.1% |
| CL Colgate-Palmolive Co. | 0.29% | 1,115,025 | $101.4M | Add +42.6% |
| MELI MercadoLibre Inc. | 0.28% | 37,454 | $97.9M | Add +19.9% |
| ICE Intercontinental Exchange Inc. | 0.28% | 529,022 | $97.1M | Reduce -3.9% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 706,056 | $96.2M | Add +19.1% |
| TEL Te Connectivity PLC | 0.28% | 569,419 | $96.0M | Add +71.0% |
| PAYO Payoneer Global Inc. | 0.27% | 13,866,229 | $95.0M | Reduce -0.2% |
| XYL Xylem Inc. | 0.27% | 725,749 | $93.9M | Add +47.3% |
| UNH Unitedhealth Group Inc. | 0.26% | 293,176 | $91.5M | Reduce -34.6% |
| KMB Kimberly-Clark Corp. | 0.26% | 709,234 | $91.4M | Add +58.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 186,208 | $90.5M | Add +43.5% |
| GMED Globus Medical Inc. Class A | 0.26% | 1,528,531 | $90.2M | Add +9.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 296,816 | $87.5M | Add +5.0% |
| PEP Pepsico Inc. | 0.25% | 656,373 | $86.7M | Add +22.6% |
| NEE Nextera Energy Inc. | 0.25% | 1,242,590 | $86.3M | Reduce -1.4% |
| TRMB Trimble Inc. | 0.25% | 1,129,600 | $85.8M | Reduce -6.7% |
| CTSH Cognizant Tech Solutions-A | 0.25% | 1,092,519 | $85.2M | Add +0.5% |
| NEM Newmont Corp. | 0.25% | 1,460,365 | $85.1M | Add +77.7% |
| COR Cencora Inc. | 0.24% | 279,169 | $83.7M | Add +21.9% |
| BSY Bentley Systems Inc. Class B | 0.24% | 1,545,265 | $83.4M | Reduce -1.0% |
| WELL Welltower Inc. | 0.24% | 535,170 | $82.3M | Add +15.6% |
| CMI Cummins Inc. | 0.23% | 246,804 | $80.8M | Reduce -4.5% |
| FISV Fiserv Inc. | 0.23% | 463,721 | $80.0M | Reduce -3.0% |
| CAH Cardinal Health Inc. | 0.23% | 472,833 | $79.4M | Reduce -15.2% |
| MCD McDonald's Corp. | 0.23% | 269,469 | $78.7M | Add +18.1% |
| VZ Verizon Communications Inc. | 0.23% | 1,819,280 | $78.7M | Add +9.3% |
| ADBE Adobe Inc. | 0.23% | 202,027 | $78.2M | Add +11.2% |
| MS Morgan Stanley | 0.23% | 553,866 | $78.0M | Add +110.6% |
| LRCX Lam Research Corp. | 0.22% | 793,787 | $77.3M | Add +26.0% |
| MPWR Monolithic Power Systems Inc. | 0.22% | 104,584 | $76.5M | Add +47.8% |
| AMP Ameriprise Financial Inc. | 0.22% | 143,158 | $76.4M | Reduce -9.1% |
Other holdings (41): bonds, preferreds, convertibles and warrants · $161.7M (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 | 8,990,000 | $12.9M | Reduce -6.3% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 9,900,000 | $10.1M | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 8,600,000 | $8.5M | Reduce -9.5% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 6,255,000 | $7.9M | Add +28.8% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 7,100,000 | $7.2M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 6,289,000 | $7.1M | Reduce -4.5% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 6,050,000 | $6.7M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 4,250,000 | $6.4M | No change |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 6,200,000 | $6.1M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 4,180,000 | $5.6M | Reduce -5.6% |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 3,800,000 | $5.4M | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 4,035,000 | $5.3M | Add +95.4% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 4,300,000 | $5.0M | Reduce -37.7% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 5,200,000 | $4.8M | Add +13.0% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 3,160,000 | $3.9M | Add +141.2% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 3,100,000 | $3.7M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 3,900,000 | $3.7M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,650,000 | $3.5M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 3,230,000 | $3.4M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 3,300,000 | $3.2M | Reduce -40.0% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 2,110,000 | $3.0M | Reduce -4.1% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 2,100,000 | $2.9M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 3,070,000 | $2.8M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 1,550,000 | $2.8M | Reduce -49.2% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 2,150,000 | $2.6M | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 670,000 | $2.4M | Reduce -58.1% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 1,890,000 | $2.3M | Reduce -45.9% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 1,860,000 | $2.3M | No change |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 1,400,000 | $2.2M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 2,100,000 | $2.2M | Add +50.0% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 1,674,000 | $2.2M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 2,035,000 | $2.1M | No change |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 1,600,000 | $2.1M | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 1,530,000 | $1.8M | No change |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 1,570,000 | $1.6M | No change |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 520,000 | $1.3M | Reduce -31.6% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,100,000 | $1.3M | No change |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 1,000,000 | $996K | No change |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 500,000 | $887K | Reduce -67.7% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 738,000 | $729K | No change |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 700,000 | $685K | No change |
Total filed on the 13F, all lines: $34.8B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -2.8% | 3.78% | −1.04 |
| UNH Unitedhealth Group Inc. | Reduce -34.6% | 0.26% | −0.51 |
| HD Home Depot Inc. | Reduce -49.0% | 0.33% | −0.41 |
| CRM Salesforce Inc. | Reduce -17.0% | 0.97% | −0.35 |
| TMO Thermo Fisher Scientific Inc. | Reduce -15.9% | 0.51% | −0.34 |
| QCOM Qualcomm Inc. | Reduce -33.1% | 0.50% | −0.33 |
| LLY Eli Lilly & Co. | Reduce -17.0% | 0.64% | −0.29 |
| ZTS Zoetis Inc. | Reduce -26.5% | 0.37% | −0.24 |
| BLK BlackRock Inc. | Reduce -85.0% | 0.04% | −0.23 |
| UNP Union Pacific Corp. | Reduce -53.2% | 0.14% | −0.21 |
| PLD Prologis Inc. | Reduce -21.6% | 0.34% | −0.19 |
| BDX Becton Dickinson and Co. | Reduce -31.5% | 0.15% | −0.18 |
| GIS General Mills Inc. | Reduce -69.2% | 0.05% | −0.16 |
| UBS UBS Group AG-Reg | Reduce -28.6% | 0.35% | −0.16 |
| TJX TJX Companies Inc. | Reduce -4.0% | 0.90% | −0.16 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.49% | −0.14 |
| DECK Deckers Outdoor Corp. | Reduce -85.9% | 0.02% | −0.14 |
| HPQ HP Inc. | Reduce -93.0% | 0.01% | −0.14 |
| EXC Exelon Corp. | Reduce -55.5% | 0.08% | −0.13 |
| TER Teradyne Inc. | Reduce -47.4% | 0.12% | −0.12 |
| IEX Idex Corp. | Reduce -84.1% | 0.02% | −0.12 |
| CME Cme Group Inc. | Reduce -15.8% | 0.39% | −0.12 |
| FISV Fiserv Inc. | Reduce -3.0% | 0.23% | −0.12 |
| LOGI Logitech International-Reg | Reduce -99.3% | 0.00% | −0.12 |
| WM Waste Management Inc. | Reduce -67.9% | 0.04% | −0.11 |
| PKG Packaging Corp. of America | Reduce -93.3% | 0.01% | −0.10 |
| NTAP Netapp Inc. | Reduce -57.9% | 0.08% | −0.10 |
| EQIX Equinix Inc. | Reduce -9.2% | 0.34% | −0.10 |
| ADP Automatic Data Processing | Reduce -7.9% | 0.41% | −0.10 |
| CVX Chevron Corp. | Reduce -56.9% | 0.04% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -1.0% | 0.30% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -4.8% | 1.50% | −0.09 |
| TXN Texas Instruments Inc. | Reduce -43.1% | 0.12% | −0.09 |
| TTWO Take-Two Interactive Softwre | Reduce -67.8% | 0.04% | −0.09 |
| FRPT Freshpet Inc. | Reduce -57.9% | 0.04% | −0.08 |
| GILD Gilead Sciences Inc. | Reduce -0.1% | 0.51% | −0.08 |
| BIRK Birkenstock Holding PLC | Reduce -81.6% | 0.02% | −0.08 |
| REGN Regeneron Pharmaceuticals | Reduce -25.0% | 0.09% | −0.08 |
| STT State Street Corp. | Reduce -78.5% | 0.02% | −0.08 |
| DOV Dover Corp. | Reduce -73.3% | 0.02% | −0.08 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -37.0% | 0.06% | −0.08 |
| PNR Pentair PLC | Reduce -69.9% | 0.03% | −0.07 |
| UDR Udr Inc. | Reduce -43.5% | 0.06% | −0.07 |
| CHD Church & Dwight Co. Inc. | Reduce -50.1% | 0.04% | −0.07 |
| NOVT Novanta Inc. | Reduce -26.0% | 0.13% | −0.07 |
| GLW Corning Inc. | Reduce -94.1% | 0.00% | −0.07 |
| WSO Watsco Inc. | Sold out | 0.00% | −0.07 |
| KLAC KLA Corp. | Reduce -45.9% | 0.10% | −0.06 |
| PAYX Paychex Inc. | Reduce -29.6% | 0.09% | −0.06 |
| PCOR Procore Technologies Inc. | Reduce -20.5% | 0.16% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +3.3% | 6.54% | +1.57 |
| MSFT Microsoft Corp. | Add +8.4% | 5.91% | +1.20 |
| AVGO Broadcom Inc. | Add +7.5% | 1.92% | +0.68 |
| NFLX Netflix Inc. | Add +58.6% | 0.97% | +0.48 |
| META Meta Platforms Inc. Class A | Add +15.2% | 2.08% | +0.47 |
| NOW ServiceNow Inc. | Add +30.6% | 1.01% | +0.33 |
| ETN Eaton Corp. PLC | Add +37.3% | 0.86% | +0.32 |
| TSCO Tractor Supply Company | Add +418.2% | 0.37% | +0.29 |
| HON Honeywell International Inc. | Add +330.1% | 0.29% | +0.22 |
| TSM Taiwan Semiconductor-SP ADR | Add +16.2% | 0.62% | +0.17 |
| RTX RTX Corp. | Add +355.0% | 0.21% | +0.16 |
| ORCL Oracle Corp. | Add +52.5% | 0.29% | +0.15 |
| ARM Arm Holdings PLC-ADR | Add +49.3% | 0.29% | +0.15 |
| AMD Advanced Micro Devices | Add +41.8% | 0.34% | +0.14 |
| UBER Uber Technologies Inc. | Add +11.1% | 0.68% | +0.13 |
| RY Royal Bank of Canada | Add +50.3% | 0.36% | +0.13 |
| MS Morgan Stanley | Add +110.6% | 0.23% | +0.12 |
| NET Cloudflare Inc. Class A | Add +294.3% | 0.15% | +0.12 |
| TEL Te Connectivity PLC | Add +71.0% | 0.28% | +0.12 |
| PH Parker Hannifin Corp. | Add +61.1% | 0.31% | +0.12 |
| NEM Newmont Corp. | Add +77.7% | 0.25% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | Add +19.1% | 0.28% | +0.11 |
| TT Trane Technologies PLC | Add +14.0% | 0.48% | +0.11 |
| MCK McKesson Corp. | Add +128.3% | 0.19% | +0.10 |
| SHOP Shopify Inc. Class A | Add +133.1% | 0.17% | +0.10 |
| MA Mastercard Inc. Class A | Add +34.5% | 0.57% | +0.10 |
| MPWR Monolithic Power Systems Inc. | Add +47.8% | 0.22% | +0.09 |
| NTNX Nutanix Inc. Class A | Add +641.1% | 0.10% | +0.09 |
| MELI MercadoLibre Inc. | Add +19.9% | 0.28% | +0.08 |
| MU Micron Technology Inc. | Add +27.3% | 0.21% | +0.08 |
| XYL Xylem Inc. | Add +47.3% | 0.27% | +0.08 |
| EME Emcor Group Inc. | Add +73.0% | 0.14% | +0.08 |
| RCL Royal Caribbean Cruises Ltd. | Add +16.1% | 0.21% | +0.07 |
| LRCX Lam Research Corp. | Add +26.0% | 0.22% | +0.07 |
| CM Can Imperial BK of Commerce | Add +46.5% | 0.19% | +0.07 |
| SPOT Spotify Technology SA | Add +28.0% | 0.20% | +0.07 |
| LIN Linde PLC | Add +23.2% | 0.88% | +0.07 |
| COST Costco Wholesale Corp. | Add +16.4% | 1.13% | +0.07 |
| FERG Ferguson Enterprises Inc. | Add +2240.5% | 0.07% | +0.07 |
| APP AppLovin Corp. Class A | Add +116.5% | 0.11% | +0.07 |
| BKNG Booking Holdings Inc. | Add +1.4% | 0.63% | +0.06 |
| FROG Jfrog Ltd. | Add +113.5% | 0.10% | +0.06 |
| MNDY Monday.com Ltd. | New | 0.06% | +0.06 |
| IDXX Idexx Laboratories Inc. | Add +178.5% | 0.09% | +0.06 |
| MDLZ Mondelez International Inc. Class A | Add +140.2% | 0.12% | +0.06 |
| HIG Hartford Insurance Group Inc. | Add +225.3% | 0.09% | +0.06 |
| TGT Target Corp. | Add +343.1% | 0.08% | +0.06 |
| FICO Fair Isaac Corp. | Add +383.7% | 0.07% | +0.06 |
| KMB Kimberly-Clark Corp. | Add +58.4% | 0.26% | +0.05 |
| STN Stantec Inc. | Add +139.2% | 0.08% | +0.05 |
Notes & Other Activity Q1 2025 → Q2 2025
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -6.3% | 8,990,000 | $12.9M |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | Reduce -9.5% | 8,600,000 | $8.5M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Add +28.8% | 6,255,000 | $7.9M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Reduce -4.5% | 6,289,000 | $7.1M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 6,050,000 | $6.7M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Reduce -5.6% | 4,180,000 | $5.6M |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | New | 3,800,000 | $5.4M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Add +95.4% | 4,035,000 | $5.3M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Reduce -37.7% | 4,300,000 | $5.0M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Add +13.0% | 5,200,000 | $4.8M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 1,385,000 | $4.8Mbefore exit |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Sold out | 1,710,000 | $4.0Mbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Add +141.2% | 3,160,000 | $3.9M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 3,230,000 | $3.4M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 2,577,000 | $3.4Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -40.0% | 3,300,000 | $3.2M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Reduce -4.1% | 2,110,000 | $3.0M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | New | 2,100,000 | $2.9M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 3,050,000 | $2.8Mbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -49.2% | 1,550,000 | $2.8M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -58.1% | 670,000 | $2.4M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Reduce -45.9% | 1,890,000 | $2.3M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Add +50.0% | 2,100,000 | $2.2M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 1,674,000 | $2.2M |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | New | 1,600,000 | $2.1M |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | Reduce -31.6% | 520,000 | $1.3M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Sold out | 1,010,000 | $1.1Mbefore exit |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -67.7% | 500,000 | $887K |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 800,000 | $799Kbefore exit |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 325,000 | $645Kbefore 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 |