Balboa Wealth Partners

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Balboa Wealth Partners reported 284 stock positions worth $412.9 million. Its top holding was Tesla (TSLA) at 7.9% of the portfolio, followed by Nvidia (NVDA, 7.6%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 5.9%). Compared with Q4 2024, it opened 44 new positions, sold out of 52, added to 108 and reduced 116. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +494%) and the biggest sale Tesla (TSLA, shares −0%).

Most Recent 13F
Q2 2026
Location
SCOTTSDALE, AZ
CIK
0001929008
Portfolio Value
$412.9M (Q1 2025)
SEC Filing
0001951757-25-000427 ↗ filed Apr 23, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $313.5M Q1 2024 Q2 2024: $377.4M Q2 2024 Q3 2024: $400.0M Q3 2024 Q4 2024: $436.7M Q4 2024 Q1 2025: $412.9M $412.9M Q1 2025 Q2 2025: $497.5M Q2 2025 Q3 2025: $578.3M Q3 2025 Q4 2025: $603.4M Q4 2025 Q1 2026: $594.9M Q1 2026 Q2 2026: $734.2M Q2 2026

Holdings 284 stocks · $412.9M
TSLA Tesla Inc. 7.91% 125,969 $32.6M Reduce -0.3%
NVDA Nvidia Corp. 7.58% 288,938 $31.3M Reduce -1.4%
BIL SS SPDR BB 1-3M T-Bill ETF 5.87% 264,321 $24.2M Add +493.5%
MSFT Microsoft Corp. 4.95% 54,502 $20.5M Reduce -0.9%
AAPL Apple Inc. 3.68% 68,484 $15.2M Reduce -3.2%
AMZN Amazon.com Inc. 2.90% 62,996 $12.0M Reduce -0.9%
SPY SS SPDR S&P 500 ETF Trust-US 2.81% 20,710 $11.6M Reduce -9.5%
AMD Advanced Micro Devices 2.01% 80,806 $8.3M Reduce -0.5%
META Meta Platforms Inc. Class A 1.98% 14,213 $8.2M Reduce -7.7%
GOOG Alphabet Inc. Class C 1.76% 46,644 $7.3M Add +3.5%
GLD SPDR Gold Shares 1.72% 24,663 $7.1M Add +9.8%
BRK.A Berkshire Hathaway Inc. Class A 1.55% 8 $6.4M New
BRK.B Berkshire Hathaway Inc. Class B 1.52% 11,794 $6.3M Add +21.1%
VTI VG Morningstar TS MKT ETF-US 1.32% 19,845 $5.5M Add +54.7%
TSM Taiwan Semiconductor-SP ADR 1.31% 32,503 $5.4M Add +7.5%
PLTR Palantir Technologies Inc. Class A 1.24% 60,678 $5.1M Reduce -2.5%
MDY State Street SPDR S&P Midcap 1.18% 9,112 $4.9M No change
MAXJ iShares LG Cap Max Buff Jun 1.14% 183,128 $4.7M Reduce -5.6%
COST Costco Wholesale Corp. 1.07% 4,690 $4.4M Reduce -2.8%
ZECP Zacks Earnings Consistent Po 1.04% 142,856 $4.3M Reduce -18.0%
ASML ASML Holding NV-NY Reg SHS 0.97% 6,075 $4.0M Add +6.6%
APP AppLovin Corp. Class A 0.96% 14,983 $4.0M Reduce -2.5%
QQQ Invesco QQQ Trust Series 1 0.91% 8,037 $3.8M Reduce -12.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.86% 8,495 $3.6M Add +6.7%
DDS Dillards Inc. Class A 0.81% 9,332 $3.3M No change
VEA Vanguard Ftse Developed ETF 0.69% 56,289 $2.9M Add +76.8%
SGOV iShares 0-3 Month Treasury B 0.67% 27,276 $2.7M New
MA Mastercard Inc. Class A 0.66% 4,954 $2.7M Reduce -5.6%
VOO Vanguard S&P 500 ETF 0.65% 5,216 $2.7M Add +74.7%
GOOGL Alphabet Inc. Class A 0.59% 15,692 $2.4M Reduce -3.9%
IVW iShares S&P 500 Growth ETF 0.59% 26,131 $2.4M Add +18.0%
AVGO Broadcom Inc. 0.58% 14,380 $2.4M Add +27.7%
BA The Boeing Co. 0.58% 14,021 $2.4M Reduce -1.6%
JPM JPMorgan Chase & Co. 0.56% 9,508 $2.3M Reduce -10.6%
ADBE Adobe Inc. 0.56% 6,020 $2.3M Add +13.1%
VRT Vertiv Holdings Co. Class A 0.51% 29,408 $2.1M Add +68.9%
XLE SS Energy Select Sector 0.51% 22,542 $2.1M Add +48.5%
XLK SS Technology Select Sector 0.50% 10,044 $2.1M Add +1.2%
FISR SS Fi Sector Rotation 0.50% 79,904 $2.1M Add +9.5%
MU Micron Technology Inc. 0.49% 23,267 $2.0M Add +14.1%
V Visa Inc. Class A 0.47% 5,519 $1.9M Reduce -11.6%
VGSH Vanguard Short-Term Treasury 0.46% 32,453 $1.9M Add +5.5%
STRL Sterling Infrastructure Inc. 0.43% 15,841 $1.8M Add +43.7%
GS Goldman Sachs Group Inc. 0.43% 3,228 $1.8M Add +4.9%
AXP American Express Co. 0.42% 6,513 $1.8M Add +14.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.42% 9,994 $1.7M Reduce -30.5%
VWO Vanguard Ftse Emerging Marke 0.41% 37,618 $1.7M Add +68.1%
ABBV Abbvie Inc. 0.40% 7,810 $1.6M Add +8.6%
DFAT Dimensional US Target Value 0.38% 30,482 $1.6M Add +2.6%
BTC Grayscale Bitcoin Mini ETF 0.38% 42,821 $1.6M Add +196.0%
XLSR SS US Sector Rotation 0.38% 30,509 $1.5M Add +6.2%
SPDW Ste STR SPDR PT DW Eu ETF 0.36% 41,299 $1.5M Add +99.9%
SMIZ Zacks Small/Mid Cap ETF 0.36% 48,954 $1.5M Reduce -19.5%
RTX RTX Corp. 0.34% 10,684 $1.4M Reduce -1.6%
IEFA iShares Core MSCI Eafe ETF 0.34% 18,477 $1.4M Reduce -6.2%
HD Home Depot Inc. 0.34% 3,775 $1.4M Reduce -0.2%
LLY Eli Lilly & Co. 0.32% 1,622 $1.3M Add +5.0%
VCSH Vanguard S/T Corp. Bond ETF 0.32% 16,934 $1.3M Reduce -4.7%
AGG iShares Core U.S. Aggregate 0.32% 13,431 $1.3M Add +0.4%
SPEM State Street SP PTF Em ETF 0.32% 33,211 $1.3M Add +3.6%
VZ Verizon Communications Inc. 0.31% 28,572 $1.3M Add +6.1%
JNJ Johnson & Johnson 0.30% 7,462 $1.2M Reduce -3.2%
NOW ServiceNow Inc. 0.30% 1,551 $1.2M Reduce -6.3%
NFLX Netflix Inc. 0.30% 1,324 $1.2M Reduce -4.2%
AER Aercap Holdings NV 0.30% 11,925 $1.2M Reduce -0.8%
MRVL Marvell Technology Inc. 0.29% 19,786 $1.2M Add +141.9%
RDVI FT Vest Rising Dividend Achi 0.29% 51,250 $1.2M Add +5.2%
T AT&T Inc. 0.29% 41,973 $1.2M Add +2.2%
XOM Exxon Mobil Corp. 0.29% 9,980 $1.2M Add +6.2%
DUK Duke Energy Corp. 0.28% 9,439 $1.2M Add +6.2%
RDDT Reddit Inc. Class A 0.28% 10,895 $1.1M New
AMAT Applied Materials Inc. 0.27% 7,771 $1.1M Reduce -1.0%
ABT Abbott Laboratories 0.27% 8,453 $1.1M Add +23.7%
SO The Southern Co. 0.27% 11,978 $1.1M Add +0.5%
UI Ubiquiti Inc. 0.26% 3,434 $1.1M New
CCJ Cameco Corp. 0.25% 25,379 $1.0M Add +25.4%
RCS PIMCO Strategic Income Fund 0.25% 162,834 $1.0M Reduce -2.0%
ARCC Ares Capital Corp. 0.24% 45,097 $999K Reduce -6.5%
IVV iShares Core S&P 500 ETF 0.23% 1,694 $952K Add +16.3%
PG The Procter & Gamble Co. 0.23% 5,516 $940K Add +0.2%
LNG Cheniere Energy Inc. 0.23% 4,059 $939K Add +12.9%
ORCL Oracle Corp. 0.22% 6,601 $923K Reduce -0.2%
REGN Regeneron Pharmaceuticals 0.22% 1,445 $916K Reduce -0.5%
MELI MercadoLibre Inc. 0.22% 467 $911K Reduce -0.2%
BUFR FT Vest Lad Buffervetf-Usd I 0.22% 30,146 $895K Add +28.5%
DFUV Dimensional US Marketwide Va 0.21% 21,219 $874K No change
PH Parker Hannifin Corp. 0.21% 1,425 $866K Reduce -3.2%
SCHO Schwab Short-Term US Treas 0.21% 34,976 $851K New
SCHW Schwab (charles) Corp. 0.20% 10,656 $834K Add +31.2%
XLF SS Financial Select Sector 0.20% 16,662 $830K Add +0.7%
MCD McDonald's Corp. 0.20% 2,598 $812K Add +0.8%
SPIB SS SPDR P Int C Corp. ETF 0.19% 23,662 $787K Reduce -13.4%
PANW Palo Alto Networks Inc. 0.19% 4,591 $783K Reduce -3.9%
PFE Pfizer Inc. 0.19% 30,744 $779K Add +0.2%
SGOL Abrdn Physical Gold Shares 0.19% 25,737 $767K New
UPS United Parcel Service Class B 0.19% 6,976 $767K Reduce -2.4%
NVO Novo-Nordisk A/S-Spons ADR 0.19% 11,018 $765K Add +2.5%
TFLO iShares Treasury Floating Ra 0.18% 14,920 $756K Add +68.6%
OKE Oneok Inc. 0.18% 7,385 $733K Reduce -3.5%
ISRG Intuitive Surgical Inc. 0.17% 1,456 $721K Add +15.6%
AGM Federal Agric MTG Corp. Class C 0.17% 3,825 $717K Add +4.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.17% 2,064 $713K Reduce -8.3%
JEPI JPMorgan Equity Premium Inco 0.17% 12,377 $707K Add +25.0%
MCK McKesson Corp. 0.17% 1,050 $707K Reduce -2.5%
QCOM Qualcomm Inc. 0.17% 4,524 $695K Add +0.1%
GUT Gabelli Utility Trust 0.16% 127,004 $678K Reduce -0.3%
WMT Walmart Inc. 0.16% 7,696 $676K Reduce -15.0%
GLW Corning Inc. 0.16% 14,557 $666K Add +53.0%
SMBC Southern Missouri Bancorp 0.16% 12,775 $665K Reduce -21.8%
XLV SS Health Care Select Sector 0.16% 4,539 $663K Reduce -2.5%
VMBS Vanguard Mortgage-Backed Sec 0.16% 13,849 $641K Add +18.8%
XAR SS SPDR S&P Aerospace Def 0.15% 3,929 $631K Add +1.3%
BP BP PLC-Spons ADR 0.15% 18,406 $622K Reduce -5.1%
URA Global X Uranium ETF 0.15% 26,785 $614K Reduce -3.0%
VYM Vanguard High DVD Yield ETF 0.15% 4,692 $605K Reduce -4.6%
CERY SS SPDR BBG En RY CM St N-Ui 0.15% 21,687 $601K Add +113.3%
CVX Chevron Corp. 0.14% 3,555 $595K Reduce -2.8%
PM Philip Morris International 0.14% 3,688 $585K Reduce -0.7%
LMT Lockheed Martin Corp. 0.14% 1,309 $585K Reduce -3.3%
SCHE Schwab Emrg Mrkts Eqty ETF 0.14% 20,609 $568K Reduce -5.2%
BND Vanguard Total Bond Market 0.14% 7,631 $560K New
CSCO Cisco Systems Inc. 0.13% 8,997 $555K Reduce -3.0%
HTGC Hercules Capital Inc. 0.13% 28,449 $547K No change
IJH iShares Core S&P Midcap ETF 0.13% 9,233 $539K Add +2.9%
JPST JPMorgan Ultra-Short Income 0.13% 10,633 $538K Reduce -6.5%
MAIN Main Street Capital Corp. 0.13% 9,392 $531K Reduce -5.5%
IWM iShares Russell 2000 ETF 0.13% 2,662 $531K Reduce -14.3%
SPGI S&P Global Inc. 0.13% 1,044 $530K Reduce -17.7%
SCHD Schwab US DVD Equity ETF 0.13% 18,578 $519K Add +132.5%
DFAC Dimensional US Core Equity 2 0.12% 15,578 $514K Reduce -1.7%
VONV Vanguard Russell 1000 Value 0.12% 6,154 $508K Reduce -11.8%
KO The Coca-Cola Co. 0.12% 7,024 $503K Add +4.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.12% 1,961 $488K Reduce -13.3%
NOC Northrop Grumman Corp. 0.12% 953 $488K Add +22.2%
WELL Welltower Inc. 0.12% 3,106 $476K Add +23.1%
FLOT iShares Floating Rate Bond E 0.11% 9,292 $474K New
CAT Caterpillar Inc. 0.11% 1,434 $473K Add +15.1%
ETN Eaton Corp. PLC 0.11% 1,740 $473K Add +3.9%
UNH Unitedhealth Group Inc. 0.11% 880 $461K Add +0.1%
SNOW Snowflake Inc. 0.11% 3,140 $459K Add +3.3%
SPLB SS SPDR P Long Term C ETF 0.11% 20,157 $455K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 4,585 $453K Add +0.1%
XLG Invesco S&P 500 Top 50 ETF 0.11% 9,450 $435K No change
SRLN SS Blackstone Sr Loan ETF 0.10% 10,489 $431K Add +49.9%
SSD Simpson Manufacturing Co. Inc. 0.10% 2,712 $426K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.10% 8,150 $422K Add +6.7%
ECC Eagle Point Credit Co. 0.10% 51,849 $420K Reduce -45.1%
ODFL Old Dominion Freight Line 0.10% 2,528 $418K Add +17.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.10% 3,405 $415K Add +3.0%
EMHC SS SPDR BB Em Usd Bond ETF 0.10% 16,977 $410K Add +77.4%
OKLO Oklo Inc. 0.10% 18,960 $410K Reduce -26.5%
HOOD Robinhood Markets Inc. Class A 0.10% 9,601 $400K New
CRM Salesforce Inc. 0.10% 1,485 $399K Reduce -14.3%
MRK Merck & Co. Inc. 0.10% 4,395 $395K Reduce -15.2%
PJUN Innovator U.S. Equity Power 0.10% 10,654 $394K No change
ON On Semiconductor 0.09% 9,629 $392K Reduce -4.7%
ALB Albemarle Corp. 0.09% 5,337 $384K No change
SPEU State Street SPDR Portfolio 0.09% 8,702 $383K New
PEP Pepsico Inc. 0.09% 2,549 $382K Reduce -1.4%
GPRF Access Preferred and Hybrid 0.09% 7,543 $378K New
HBAN Huntington Bancshares Inc. 0.09% 25,180 $378K Reduce -1.5%
MCO Moody's Corp. 0.09% 811 $378K Add +0.6%
MWA Mueller Water Products Inc. Class A 0.09% 14,795 $376K Add +14.0%
JAAA Janus Henderson Aaa Clo ETF 0.09% 7,324 $371K Add +59.9%
DLR Digital Realty Trust Inc. 0.09% 2,587 $371K Add +23.4%
DVYE iShares Emerging Markets Div 0.09% 13,576 $370K Reduce -43.9%
CIBR First Trust Nasdaq Cybersecu 0.09% 5,724 $361K Add +10.4%
HALO Halozyme Therapeutics Inc. 0.09% 5,635 $360K Reduce -8.7%
GD General Dynamics Corp. 0.09% 1,311 $357K Add +65.3%
FVD First Trust Value Line DVD 0.09% 7,956 $355K Add +1.7%
QQQI Neos Nasdaq-100 High Inc. ETF 0.09% 7,445 $353K Add +9.5%
CLOI Vaneck Clo ETF 0.09% 6,646 $351K Reduce -0.5%
FTHY First Trust Hi YLD Opp 2027 0.08% 24,211 $350K No change
ITW Illinois Tool Works 0.08% 1,409 $349K No change
MS Morgan Stanley 0.08% 2,936 $343K Reduce -22.8%
XLP SS Consumer Staples Sel Sect 0.08% 4,165 $340K Add +12.7%
TIPX SS SPDR BB 1-10YR Tips ETF 0.08% 17,650 $339K Reduce -3.2%
GPIX GLDM SA S&P 500 PR in ETF-US 0.08% 7,250 $338K New
CORT Corcept Therapeutics Inc. 0.08% 2,936 $335K Reduce -26.3%
WMB Williams Cos Inc. 0.08% 5,502 $329K Reduce -46.1%
IJR iShares Core S&P Small-Cap E 0.08% 3,112 $325K Add +7.3%
GPIQ GS Nasdaq-100 PR Inc. ETF-Usd 0.08% 7,250 $323K New
UCON First Trust Smith Unconstrai 0.08% 13,017 $322K Reduce -61.3%
RSDE Ftvestuseqeqlwghtbuffetfdec 0.08% 15,935 $320K New
FTCS First Trust Capital Strength 0.08% 3,565 $320K Add +7.0%
TGT Target Corp. 0.08% 3,050 $318K Reduce -83.8%
SPAB SS SPDR P Agg Bond ETF 0.08% 12,453 $318K Add +20.2%
UTG Reaves Utility Income Fund 0.08% 9,706 $316K Add +1.3%
SCCO Southern Copper Corp. 0.08% 3,372 $315K Add +31.8%
SPMD SS SPDR P S&P 400 Midcap ETF 0.08% 6,151 $315K Add +15.6%
IWF iShares Russell 1000 Growth 0.08% 868 $314K Reduce -3.7%
SDVY First Trust Smid Cap Rising 0.08% 9,340 $313K Reduce -18.6%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.08% 1,276 $312K New
ANET Arista Networks Inc. 0.07% 3,957 $307K Add +25.6%
EPD Enterprise Products Partners 0.07% 8,943 $305K Reduce -16.4%
GROZ Zacks Focus Growth ETF 0.07% 13,676 $305K Add +52.0%
VXUS Vanguard Total Intl Stock 0.07% 4,854 $301K New
BX Blackstone Inc. 0.07% 2,125 $297K Reduce -49.5%
TT Trane Technologies PLC 0.07% 879 $296K Reduce -19.9%
BUXX Strive Enhanced Income Short 0.07% 14,500 $294K New
ACWI iShares MSCI Acwi ETF 0.07% 2,529 $294K Add +3.4%
AMGN Amgen Inc. 0.07% 943 $294K Reduce -0.6%
SBUX Starbucks Corp. 0.07% 2,981 $292K Reduce -12.0%
ARM Arm Holdings PLC-ADR 0.07% 2,725 $291K Reduce -27.8%
XLY SS Consumer Disc Select Sect 0.07% 1,467 $290K Add +0.3%
KMI Kinder Morgan Inc. 0.07% 10,131 $289K Reduce -49.4%
BKR Baker Hughes Co. 0.07% 6,571 $289K Reduce -14.2%
AVUV Avantis US Small Cap Value 0.07% 3,305 $288K Reduce -14.6%
FANG Diamondback Energy Inc. 0.07% 1,786 $286K Add +12.8%
WM Waste Management Inc. 0.07% 1,231 $285K Reduce -8.3%
INTC Intel Corp. 0.07% 12,343 $280K Add +12.2%
IFRA iShares US Infrastructure 0.07% 6,192 $279K Add +0.5%
CRWD CrowdStrike Holdings Inc. Class A 0.07% 772 $272K Reduce -86.0%
CGMS Cap Group US Multi-Sect Bond 0.07% 9,852 $269K New
CI The Cigna Group 0.06% 811 $267K Reduce -0.4%
TLT iShares 20+ Year Treasury BD 0.06% 2,916 $265K New
PFF iShares Preferred & Income S 0.06% 8,587 $264K Add +0.0%
ADP Automatic Data Processing 0.06% 863 $264K Reduce -2.0%
BKNG Booking Holdings Inc. 0.06% 57 $263K Reduce -13.6%
IAU iShares Gold Trust 0.06% 4,411 $260K New
MO Altria Group Inc. 0.06% 4,259 $256K Reduce -7.1%
ED Consolidated Edison Inc. 0.06% 2,286 $253K Add +1.5%
SPSM SS SPDR P S&P 600 Small Cap 0.06% 6,193 $252K Reduce -49.5%
ILMN Illumina Inc. 0.06% 3,158 $251K New
EME Emcor Group Inc. 0.06% 672 $248K Reduce -9.1%
AMLP Alerian MLP ETF 0.06% 4,756 $247K Reduce -17.4%
JNK SS SPDR BB High Yield Bond 0.06% 2,580 $246K Reduce -75.8%
AIT Applied Industrial Tech Inc. 0.06% 1,085 $244K Add +16.3%
EXLS Exlservice Holdings Inc. 0.06% 5,140 $243K Add +5.0%
TMUS T-Mobile US Inc. 0.06% 903 $241K Reduce -43.0%
SCHR Schwab Intermediate-Term US 0.06% 9,663 $240K New
QLTA iShares Aaa - A Rated Corpor 0.06% 5,010 $238K New
FDN First Trust DJ Internet Ind 0.06% 1,065 $237K No change
SIXF Allian US Equ 6 Mon BU10-Usd 0.06% 8,471 $236K No change
EMR Emerson Electric Co. 0.06% 2,152 $236K Reduce -10.2%
CMG Chipotle Mexican Grill Inc. 0.06% 4,670 $234K Reduce -27.9%
ATR Aptargroup Inc. 0.06% 1,576 $234K Add +0.1%
GILD Gilead Sciences Inc. 0.06% 2,087 $234K New
NTAP Netapp Inc. 0.06% 2,659 $234K Add +0.5%
AUGT Allianzim US Eq BFFR10 AG-US 0.06% 7,706 $233K No change
GWX State Street SPDR S&P Intern 0.06% 7,116 $227K Reduce -1.7%
KMB Kimberly-Clark Corp. 0.06% 1,598 $227K Add +0.1%
FTSM First Trust Enh Short Mat FD 0.05% 3,783 $226K Reduce -9.9%
DGRO iShares Core Dividend Growth 0.05% 3,648 $225K Reduce -38.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.05% 605 $224K New
SPLV Invesco S&P 500 Low Volatili 0.05% 3,000 $224K No change
JCI Johnson Controls Internation 0.05% 2,792 $224K New
D Dominion Energy Inc. 0.05% 3,984 $223K New
FTLS First Trust Long/Short Eqty 0.05% 3,438 $220K Reduce -54.9%
IVE iShares S&P 500 Value ETF 0.05% 1,153 $220K Reduce -88.0%
VB Vanguard Most SM-Cap ETF-Usd 0.05% 990 $220K Add +0.2%
EFA iShares MSCI Eafe ETF 0.05% 2,663 $218K New
MDT Medtronic PLC 0.05% 2,422 $218K Reduce -5.7%
EMLC Vaneck JPM Em Local Curr BND 0.05% 9,097 $217K New
FTNT Fortinet Inc. 0.05% 2,234 $215K Reduce -10.0%
O Realty Income Corp. 0.05% 3,654 $212K New
EBND State Street SPDR Bloomberg 0.05% 10,507 $211K Reduce -47.7%
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.05% 7,000 $209K New
DFIV Dimensional International Va 0.05% 5,308 $209K New
SDVD FT Vest Smid Rising Dividend 0.05% 10,450 $209K New
AON Aon PLC Class A 0.05% 517 $206K New
GE General Electric filed as GE AEROSPACE 0.05% 1,023 $205K Reduce -60.4%
MPLX MPLX LP 0.05% 3,821 $205K New
PATK Patrick Industries Inc. 0.05% 2,404 $203K New
RSG Republic Services Inc. 0.05% 839 $203K New
C Citigroup Inc. 0.05% 2,838 $201K Reduce -21.7%
TRMB Trimble Inc. 0.05% 3,060 $201K No change
BYD Boyd Gaming Corp. 0.05% 3,050 $201K New
RITM Rithm Capital Corp. 0.05% 17,523 $201K Add +1.3%
TMO Thermo Fisher Scientific Inc. 0.05% 402 $200K Add +0.3%
AVPT Avepoint Inc. 0.04% 12,664 $183K Add +0.2%
FDD First Trust Stoxx Europe 0.04% 11,962 $162K New
LGHT Langar Global Healthtech ETF 0.04% 15,020 $147K New
LAC Lithium Americas Corp. 0.04% 54,018 $146K Add +5.7%
EXCHANGE TRADED CONCEPTS TRU 0.03% 11,230 $136K Reduce -0.1%
ARLO Arlo Technologies Inc. 0.03% 12,049 $119K Add +4.3%
LAR Lithium Argentina AG 0.02% 42,050 $90K Reduce -1.4%
LOOP Loop Industries Inc. 0.02% 66,374 $76K Reduce -12.8%
SERV Serve Robotics Inc. 0.01% 10,430 $60K Reduce -6.4%
NRG ENERGY INC (NRG 2.75 06/01/48) 0.01% 17,000 $40K New
TETRA TECH INC (TTEK 2.25 08/15/28) 0.01% 23,000 $24K New
IMUX Immunic Inc. 0.00% 12,000 $13K No change
INVZ Innoviz Technologies Ltd. 0.00% 10,251 $7K Reduce -16.4%
HBIO Harvard Bioscience Inc. 0.00% 11,250 $6K New
Other holdings (43): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
SecurityClassShares / PrincipalValueChange
NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal 49,000$48KNo change
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 30,000$41KNo change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 30,000$41KNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 33,000$40KNew
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 30,000$40KNo change
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 29,000$39KNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 30,000$38KNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 37,000$37KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 30,000$36KNo change
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 36,000$36KNew
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 30,000$36KNo change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 38,000$36KNo change
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 25,000$35KNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 36,000$35KReduce -2.7%
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal 36,000$34KReduce -5.3%
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 35,000$34KReduce -5.4%
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal 36,000$34KReduce -5.3%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 35,000$34KNew
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 23,000$34KReduce -4.2%
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 24,000$33KReduce -35.1%
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal 29,000$33KNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 31,000$33KNo change
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 25,000$32KNew
DEXCOM INC (DXCM 0.25 11/15/25) NOTE 0.250%11/1 · principal 33,000$32KReduce -2.9%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 30,000$31KNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 36,000$31KReduce -2.7%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 30,000$31KNew
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 30,000$30KReduce -6.3%
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 30,000$28KReduce -3.2%
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 30,000$28KReduce -3.2%
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal 23,000$26KReduce -4.2%
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 23,000$24KReduce -4.2%
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 24,000$22KNo change
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 24,000$21KNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 17,000$20KNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 11,000$18KNo change
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 24,000$18KNo change
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 18,000$17KNo change
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) NOTE 4/0 · principal 17,000$17KNo change
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 17,000$17KNo change
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal 17,000$15KNo change
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) NOTE 1.875%12/0 · principal 50,000$11KNo change
TPI COMPOSITES INC (TPIC 5.25 03/15/28) NOTE 5.250% 3/1 · principal 30,000$5KNo change

Total filed on the 13F, all lines: $414.2M.

Portfolio Sells Q4 2024 → Q1 2025
TSLA Tesla Inc. Reduce -0.3% 7.91% −3.78
NVDA Nvidia Corp. Reduce -1.4% 7.58% −1.43
IYF iShares US Financials ETF Sold out 0.00% −0.57
IYZ iShares US Telecommunication Sold out 0.00% −0.57
IYC iShares US Consumer Discreti Sold out 0.00% −0.52
IDU iShares US Utilities ETF Sold out 0.00% −0.51
TGT Target Corp. Reduce -83.8% 0.08% −0.51
IYR iShares US Real Estate ETF Sold out 0.00% −0.39
AAPL Apple Inc. Reduce -3.2% 3.68% −0.37
IVE iShares S&P 500 Value ETF Reduce -88.0% 0.05% −0.37
CRWD CrowdStrike Holdings Inc. Class A Reduce -86.0% 0.07% −0.36
MSFT Microsoft Corp. Reduce -0.9% 4.95% −0.35
AMZN Amazon.com Inc. Reduce -0.9% 2.90% −0.29
SPY SS SPDR S&P 500 ETF Trust-US Reduce -9.5% 2.81% −0.26
AMD Advanced Micro Devices Reduce -0.5% 2.01% −0.24
APP AppLovin Corp. Class A Reduce -2.5% 0.96% −0.18
JNK SS SPDR BB High Yield Bond Reduce -75.8% 0.06% −0.17
ZECP Zacks Earnings Consistent Po Reduce -18.0% 1.04% −0.17
QQQ Invesco QQQ Trust Series 1 Reduce -12.9% 0.91% −0.17
YOU Clear Secure Inc. Class A Sold out 0.00% −0.16
VTV Vanguard Mrngstr Val ETF-Aui Reduce -30.5% 0.42% −0.14
GOOGL Alphabet Inc. Class A Reduce -3.9% 0.59% −0.12
SSO Proshares Ultra S&P500 Sold out 0.00% −0.12
UCON First Trust Smith Unconstrai Reduce -61.3% 0.08% −0.11
SMIZ Zacks Small/Mid Cap ETF Reduce -19.5% 0.36% −0.10
NOW ServiceNow Inc. Reduce -6.3% 0.30% −0.10
IRM Iron Mountain Inc. Sold out 0.00% −0.10
BX Blackstone Inc. Reduce -49.5% 0.07% −0.09
HODL Vaneck Bitcoin ETF Sold out 0.00% −0.09
ECC Eagle Point Credit Co. Reduce -45.1% 0.10% −0.09
BWEB Bitwise WEB3 ETF Sold out 0.00% −0.09
BAC Bank of America Corp. Sold out 0.00% −0.08
IYW iShares Ustechnology ETF Sold out 0.00% −0.08
ETHE Grayscale Ethereum Staking E Sold out 0.00% −0.08
HON Honeywell International Inc. Sold out 0.00% −0.08
MSI Motorola Solutions Inc. Sold out 0.00% −0.08
META Meta Platforms Inc. Class A Reduce -7.7% 1.98% −0.08
DEM Wisdomtree Emerging Markets Sold out 0.00% −0.08
DKNG Draftkings Inc. Class A Sold out 0.00% −0.07
XBI SS SPDR S&P Biotech ETF Sold out 0.00% −0.07
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.07
IXN iShares Global Tech ETF Sold out 0.00% −0.07
CMI Cummins Inc. Sold out 0.00% −0.07
UAL United Airlines Holdings Inc. Sold out 0.00% −0.07
WFC Wells Fargo & Co. Sold out 0.00% −0.07
HWM Howmet Aerospace Inc. Sold out 0.00% −0.07
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −0.07
AXON Axon Enterprise Inc. Sold out 0.00% −0.07
CCL Carnival Corp. Sold out 0.00% −0.07
SPSM SS SPDR P S&P 600 Small Cap Reduce -49.5% 0.06% −0.07

Portfolio Buys Q4 2024 → Q1 2025
BIL SS SPDR BB 1-3M T-Bill ETF Add +493.5% 5.87% +4.94
BRK.A Berkshire Hathaway Inc. Class A New 1.55% +1.55
SGOV iShares 0-3 Month Treasury B New 0.67% +0.67
BRK.B Berkshire Hathaway Inc. Class B Add +21.1% 1.52% +0.51
GLD SPDR Gold Shares Add +9.8% 1.72% +0.48
VTI VG Morningstar TS MKT ETF-US Add +54.7% 1.32% +0.47
VEA Vanguard Ftse Developed ETF Add +76.8% 0.69% +0.34
VOO Vanguard S&P 500 ETF Add +74.7% 0.65% +0.28
RDDT Reddit Inc. Class A New 0.28% +0.28
UI Ubiquiti Inc. New 0.26% +0.26
BTC Grayscale Bitcoin Mini ETF Add +196.0% 0.38% +0.24
XLE SS Energy Select Sector Add +48.5% 0.51% +0.21
SCHO Schwab Short-Term US Treas New 0.21% +0.21
SPDW Ste STR SPDR PT DW Eu ETF Add +99.9% 0.36% +0.20
VWO Vanguard Ftse Emerging Marke Add +68.1% 0.41% +0.19
SGOL Abrdn Physical Gold Shares New 0.19% +0.19
BND Vanguard Total Bond Market New 0.14% +0.14
FLOT iShares Floating Rate Bond E New 0.11% +0.11
SPLB SS SPDR P Long Term C ETF New 0.11% +0.11
ABBV Abbvie Inc. Add +8.6% 0.40% +0.10
HOOD Robinhood Markets Inc. Class A New 0.10% +0.10
MU Micron Technology Inc. Add +14.1% 0.49% +0.10
ABT Abbott Laboratories Add +23.7% 0.27% +0.09
SPEU State Street SPDR Portfolio New 0.09% +0.09
GPRF Access Preferred and Hybrid New 0.09% +0.09
DIA SS SPDR Dow Jones Indus Avg Add +6.7% 0.86% +0.09
MRVL Marvell Technology Inc. Add +141.9% 0.29% +0.09
CERY SS SPDR BBG En RY CM St N-Ui Add +113.3% 0.15% +0.09
GPIX GLDM SA S&P 500 PR in ETF-US New 0.08% +0.08
TFLO iShares Treasury Floating Ra Add +68.6% 0.18% +0.08
GPIQ GS Nasdaq-100 PR Inc. ETF-Usd New 0.08% +0.08
RSDE Ftvestuseqeqlwghtbuffetfdec New 0.08% +0.08
FISR SS Fi Sector Rotation Add +9.5% 0.50% +0.08
SCHD Schwab US DVD Equity ETF Add +132.5% 0.13% +0.08
VOT Vngrd Mrngstr MC GRW ETF-Usd New 0.08% +0.08
T AT&T Inc. Add +2.2% 0.29% +0.07
VXUS Vanguard Total Intl Stock New 0.07% +0.07
IVW iShares S&P 500 Growth ETF Add +18.0% 0.59% +0.07
BUXX Strive Enhanced Income Short New 0.07% +0.07
ASML ASML Holding NV-NY Reg SHS Add +6.6% 0.97% +0.07
VZ Verizon Communications Inc. Add +6.1% 0.31% +0.07
CGMS Cap Group US Multi-Sect Bond New 0.07% +0.07
SCHW Schwab (charles) Corp. Add +31.2% 0.20% +0.06
TLT iShares 20+ Year Treasury BD New 0.06% +0.06
IAU iShares Gold Trust New 0.06% +0.06
VRT Vertiv Holdings Co. Class A Add +68.9% 0.51% +0.06
ILMN Illumina Inc. New 0.06% +0.06
DUK Duke Energy Corp. Add +6.2% 0.28% +0.06
SCHR Schwab Intermediate-Term US New 0.06% +0.06
GLW Corning Inc. Add +53.0% 0.16% +0.06

Options Activity Q4 2024 → Q1 2025
TESLA INC call Sold out 12,500 $189Kbefore 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 33,000 $40K
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal Sold out 17,000 $37Kbefore exit
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal Sold out 24,000 $37Kbefore exit
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal New 36,000 $36K
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Sold out 35,000 $35Kbefore exit
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal Reduce -2.7% 36,000 $35K
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal Reduce -5.3% 36,000 $34K
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal Reduce -5.4% 35,000 $34K
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal Reduce -5.3% 36,000 $34K
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal New 35,000 $34K
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal Reduce -4.2% 23,000 $34K
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal Reduce -35.1% 24,000 $33K
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal New 25,000 $32K
DEXCOM INC (DXCM 0.25 11/15/25) NOTE 0.250%11/1 · principal Reduce -2.9% 33,000 $32K
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal Reduce -2.7% 36,000 $31K
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal New 30,000 $31K
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal Reduce -6.3% 30,000 $30K
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal Sold out 25,000 $29Kbefore exit
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal Reduce -3.2% 30,000 $28K
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal Reduce -3.2% 30,000 $28K
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal Reduce -4.2% 23,000 $26K
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal Reduce -4.2% 23,000 $24K
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal Sold out 20,000 $21Kbefore exit
BLOCK INC (XYZ 0.125 03/01/25) NOTE 0.125% 3/0 · principal Sold out 17,000 $17Kbefore exit
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal Sold out 11,000 $11Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 458$734.2MTSLA, NVDA, AMD, MSFT, AAPL
Q1 2026 414$594.9MNVDA, TSLA, MSFT, FTSM, AAPL
Q4 2025 392$603.4MTSLA, NVDA, MSFT, AAPL, AMD
Q3 2025 363$578.3MTSLA, NVDA, MSFT, AAPL, SPY
Q2 2025 334$497.5MNVDA, TSLA, MSFT, AAPL, AMZN
Q1 2025 284$412.9MTSLA, NVDA, BIL, MSFT, AAPL
Q4 2024 292$436.7MTSLA, NVDA, MSFT, AAPL, AMZN
Q3 2024 285$400.0MNVDA, TSLA, MSFT, AAPL, AMD
Q2 2024 264$377.4MNVDA, TSLA, MSFT, AAPL, AMZN
Q1 2024 247$313.5MNVDA, MSFT, AMD, AMZN, AAPL