Balboa Wealth Partners

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Balboa Wealth Partners reported 334 stock positions worth $497.5 million. Its top holding was Nvidia (NVDA) at 9.1% of the portfolio, followed by Tesla (TSLA, 8.0%) and Microsoft (MSFT, 5.5%). Compared with Q1 2025, it opened 85 new positions, sold out of 35, added to 148 and reduced 89. The biggest buy was Microsoft (MSFT, shares +2%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −88%).

Most Recent 13F
Q2 2026
Location
SCOTTSDALE, AZ
CIK
0001929008
Portfolio Value
$497.5M (Q2 2025)
SEC Filing
0001951757-25-000993 ↗ filed Jul 29, 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 Q1 2025 Q2 2025: $497.5M $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 334 stocks · $497.5M
NVDA Nvidia Corp. 9.05% 284,999 $45.0M Reduce -1.4%
TSLA Tesla Inc. 7.95% 124,541 $39.6M Reduce -1.1%
MSFT Microsoft Corp. 5.53% 55,322 $27.5M Add +1.5%
AAPL Apple Inc. 2.88% 69,830 $14.3M Add +2.0%
AMZN Amazon.com Inc. 2.57% 58,374 $12.8M Reduce -7.3%
SPY SS SPDR S&P 500 ETF Trust-US 2.42% 19,493 $12.0M Reduce -5.9%
AMD Advanced Micro Devices 2.32% 81,209 $11.5M Add +0.5%
META Meta Platforms Inc. Class A 2.17% 14,639 $10.8M Add +3.0%
GOOG Alphabet Inc. Class C 1.62% 45,427 $8.1M Reduce -2.6%
BRK.B Berkshire Hathaway Inc. Class B 1.58% 16,210 $7.9M Add +37.4%
TSM Taiwan Semiconductor-SP ADR 1.39% 30,472 $6.9M Reduce -6.3%
PLTR Palantir Technologies Inc. Class A 1.33% 48,494 $6.6M Reduce -20.1%
COST Costco Wholesale Corp. 1.33% 6,664 $6.6M Add +42.1%
VTI VG Morningstar TS MKT ETF-US 1.24% 20,248 $6.2M Add +2.0%
QQQ Invesco QQQ Trust Series 1 1.19% 10,689 $5.9M Add +33.0%
GLD SPDR Gold Shares 1.18% 19,258 $5.9M Reduce -21.9%
BRK.A Berkshire Hathaway Inc. Class A 1.17% 8 $5.8M No change
AVGO Broadcom Inc. 1.13% 20,463 $5.6M Add +42.3%
MDY State Street SPDR S&P Midcap 1.04% 9,159 $5.2M Add +0.5%
ZECP Zacks Earnings Consistent Po 1.04% 161,628 $5.2M Add +13.1%
VOO Vanguard S&P 500 ETF 1.04% 9,069 $5.2M Add +73.9%
APP AppLovin Corp. Class A 0.97% 13,815 $4.8M Reduce -7.8%
MAXJ iShares LG Cap Max Buff Jun 0.96% 173,561 $4.8M Reduce -5.2%
VRT Vertiv Holdings Co. Class A 0.80% 30,982 $4.0M Add +5.3%
DDS Dillards Inc. Class A 0.78% 9,332 $3.9M No change
NFLX Netflix Inc. 0.75% 2,801 $3.8M Add +111.6%
VEA Vanguard Ftse Developed ETF 0.72% 63,237 $3.6M Add +12.3%
STRL Sterling Infrastructure Inc. 0.68% 14,721 $3.4M Reduce -7.1%
GOOGL Alphabet Inc. Class A 0.63% 17,723 $3.1M Add +12.9%
ASML ASML Holding NV-NY Reg SHS 0.63% 3,881 $3.1M Reduce -36.1%
JPM JPMorgan Chase & Co. 0.62% 10,606 $3.1M Add +11.6%
IYW iShares Ustechnology ETF 0.57% 16,443 $2.8M New
BIL SS SPDR BB 1-3M T-Bill ETF 0.57% 30,717 $2.8M Reduce -88.4%
BA The Boeing Co. 0.56% 13,306 $2.8M Reduce -5.1%
MA Mastercard Inc. Class A 0.53% 4,718 $2.7M Reduce -4.8%
IYC iShares US Consumer Discreti 0.53% 26,599 $2.7M New
IYZ iShares US Telecommunication 0.53% 88,699 $2.6M New
IYF iShares US Financials ETF 0.53% 21,678 $2.6M New
MU Micron Technology Inc. 0.52% 21,128 $2.6M Reduce -9.2%
XLK SS Technology Select Sector 0.52% 10,275 $2.6M Add +2.3%
VGSH Vanguard Short-Term Treasury 0.47% 40,028 $2.4M Add +23.3%
FISR SS Fi Sector Rotation 0.47% 90,923 $2.3M Add +13.8%
XLE SS Energy Select Sector 0.47% 27,626 $2.3M Add +22.6%
SGOV iShares 0-3 Month Treasury B 0.47% 23,239 $2.3M Reduce -14.8%
AXP American Express Co. 0.47% 7,323 $2.3M Add +12.4%
GS Goldman Sachs Group Inc. 0.44% 3,112 $2.2M Reduce -3.6%
VWO Vanguard Ftse Emerging Marke 0.44% 44,509 $2.2M Add +18.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.43% 4,910 $2.2M Reduce -42.2%
V Visa Inc. Class A 0.42% 5,920 $2.1M Add +7.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.42% 11,873 $2.1M Add +18.8%
BTC Grayscale Bitcoin Mini ETF 0.42% 43,644 $2.1M Add +1.9%
IEFA iShares Core MSCI Eafe ETF 0.42% 24,793 $2.1M Add +34.2%
SPMO Invesco S&P 500 Momentum ETF 0.41% 18,350 $2.1M New
RDVI FT Vest Rising Dividend Achi 0.41% 81,588 $2.0M Add +59.2%
SMIZ Zacks Small/Mid Cap ETF 0.38% 55,414 $1.9M Add +13.2%
AGG iShares Core U.S. Aggregate 0.36% 17,882 $1.8M Add +33.1%
ABBV Abbvie Inc. 0.34% 9,135 $1.7M Add +17.0%
ORCL Oracle Corp. 0.34% 7,636 $1.7M Add +15.7%
XLSR SS US Sector Rotation 0.33% 29,710 $1.6M Reduce -2.6%
DFAT Dimensional US Target Value 0.32% 29,190 $1.6M Reduce -4.2%
T AT&T Inc. 0.32% 54,387 $1.6M Add +29.6%
RTX RTX Corp. 0.30% 10,250 $1.5M Reduce -4.1%
AMAT Applied Materials Inc. 0.30% 8,019 $1.5M Add +3.2%
VYM Vanguard High DVD Yield ETF 0.29% 10,854 $1.4M Add +131.3%
HD Home Depot Inc. 0.28% 3,833 $1.4M Add +1.5%
LLY Eli Lilly & Co. 0.27% 1,715 $1.3M Add +5.7%
BUFR FT Vest Lad Buffervetf-Usd I 0.26% 41,309 $1.3M Add +37.0%
VCSH Vanguard S/T Corp. Bond ETF 0.26% 16,505 $1.3M Reduce -2.5%
AER Aercap Holdings NV 0.26% 11,177 $1.3M Reduce -6.3%
IVW iShares S&P 500 Growth ETF 0.26% 11,808 $1.3M Reduce -54.8%
JNJ Johnson & Johnson 0.26% 8,344 $1.3M Add +11.8%
FTCB FT Core Investment Grade ETF 0.26% 60,241 $1.3M New
NOW ServiceNow Inc. 0.25% 1,220 $1.3M Reduce -21.3%
UI Ubiquiti Inc. 0.25% 3,028 $1.2M Reduce -11.8%
ABT Abbott Laboratories 0.25% 9,068 $1.2M Add +7.3%
IVV iShares Core S&P 500 ETF 0.24% 1,943 $1.2M Add +14.7%
FTHI Fthi/First Trust Exchange-TR 0.24% 51,443 $1.2M New
ISRG Intuitive Surgical Inc. 0.23% 2,130 $1.2M Add +46.3%
VZ Verizon Communications Inc. 0.23% 26,652 $1.2M Reduce -6.7%
SPAB SS SPDR P Agg Bond ETF 0.23% 44,347 $1.1M Add +256.1%
DUK Duke Energy Corp. 0.23% 9,618 $1.1M Add +1.9%
EFA iShares MSCI Eafe ETF 0.22% 12,449 $1.1M Add +367.5%
IWD iShares Russell 1000 Value E 0.22% 5,727 $1.1M New
MELI MercadoLibre Inc. 0.22% 417 $1.1M Reduce -10.7%
MRVL Marvell Technology Inc. 0.22% 14,065 $1.1M Reduce -28.9%
XOM Exxon Mobil Corp. 0.22% 10,001 $1.1M Add +0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.21% 3,601 $1.1M Add +83.6%
URA Global X Uranium ETF 0.21% 26,590 $1.0M Reduce -0.7%
PANW Palo Alto Networks Inc. 0.21% 5,033 $1.0M Add +9.6%
PG The Procter & Gamble Co. 0.21% 6,431 $1.0M Add +16.6%
SCHW Schwab (charles) Corp. 0.20% 11,177 $1.0M Add +4.9%
HYLS FT Tactical High Yield ETF 0.20% 23,929 $1.0M New
PH Parker Hannifin Corp. 0.20% 1,416 $989K Reduce -0.6%
SO The Southern Co. 0.20% 10,759 $988K Reduce -10.2%
ARCC Ares Capital Corp. 0.20% 44,196 $971K Reduce -2.0%
CCJ Cameco Corp. 0.19% 12,886 $957K Reduce -49.2%
HOOD Robinhood Markets Inc. Class A 0.19% 10,165 $952K Add +5.9%
LNG Cheniere Energy Inc. 0.18% 3,760 $916K Reduce -7.4%
SSO Proshares Ultra S&P500 0.18% 9,337 $912K New
FTQI First Trust Nasdaq Buywrite 0.18% 46,395 $907K New
SGOL Abrdn Physical Gold Shares 0.18% 28,527 $900K Add +10.8%
DFUV Dimensional US Marketwide Va 0.18% 21,219 $897K No change
SPEM State Street SP PTF Em ETF 0.17% 20,363 $870K Reduce -38.7%
SPIB SS SPDR P Int C Corp. ETF 0.17% 25,857 $868K Add +9.3%
XLF SS Financial Select Sector 0.17% 16,514 $865K Reduce -0.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.17% 2,937 $838K New
MCD McDonald's Corp. 0.17% 2,853 $834K Add +9.8%
XAR SS SPDR S&P Aerospace Def 0.17% 3,929 $829K No change
NVO Novo-Nordisk A/S-Spons ADR 0.16% 11,695 $807K Add +6.1%
PM Philip Morris International 0.16% 4,334 $789K Add +17.5%
JEPI JPMorgan Equity Premium Inco 0.16% 13,828 $786K Add +11.7%
UPS United Parcel Service Class B 0.16% 7,713 $779K Add +10.6%
WMT Walmart Inc. 0.16% 7,908 $773K Add +2.8%
RCS PIMCO Strategic Income Fund 0.15% 109,552 $762K Reduce -32.7%
TFLO iShares Treasury Floating Ra 0.15% 14,920 $756K No change
MCK McKesson Corp. 0.15% 1,026 $752K Reduce -2.3%
SCHE Schwab Emrg Mrkts Eqty ETF 0.15% 24,729 $745K Add +20.0%
QCOM Qualcomm Inc. 0.15% 4,678 $745K Add +3.4%
DLR Digital Realty Trust Inc. 0.15% 4,272 $745K Add +65.1%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.15% 2,594 $738K Add +103.3%
AMT American Tower Corp. 0.15% 3,314 $732K New
PFE Pfizer Inc. 0.14% 29,672 $719K Reduce -3.5%
EEM iShares MSCI Emerging Market 0.14% 14,775 $713K New
SMBC Southern Missouri Bancorp 0.14% 12,830 $703K Add +0.4%
ETN Eaton Corp. PLC 0.14% 1,909 $681K Add +9.7%
VMBS Vanguard Mortgage-Backed Sec 0.14% 14,592 $676K Add +5.4%
OKLO Oklo Inc. 0.13% 11,828 $662K Reduce -37.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.13% 2,064 $661K No change
AGM Federal Agric MTG Corp. Class C 0.13% 3,400 $661K Reduce -11.1%
FTLS First Trust Long/Short Eqty 0.13% 9,938 $659K Add +189.1%
GUT Gabelli Utility Trust 0.13% 112,445 $652K Reduce -11.5%
IJH iShares Core S&P Midcap ETF 0.13% 10,394 $645K Add +12.6%
CVX Chevron Corp. 0.13% 4,471 $640K Add +25.8%
SCCO Southern Copper Corp. 0.13% 6,303 $638K Add +86.9%
CSCO Cisco Systems Inc. 0.13% 9,150 $635K Add +1.7%
LMT Lockheed Martin Corp. 0.13% 1,368 $633K Add +4.5%
IWM iShares Russell 2000 ETF 0.12% 2,848 $615K Add +7.0%
OXY Occidental Petroleum Corp. 0.12% 14,626 $614K New
XLV SS Health Care Select Sector 0.12% 4,488 $605K Reduce -1.1%
VB Vanguard Most SM-Cap ETF-Usd 0.12% 2,506 $594K Add +153.1%
KO The Coca-Cola Co. 0.12% 8,374 $592K Add +19.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.12% 4,720 $585K Add +2.9%
ADBE Adobe Inc. 0.12% 1,510 $584K Reduce -74.9%
VONV Vanguard Russell 1000 Value 0.11% 6,632 $565K Add +7.8%
OKE Oneok Inc. 0.11% 6,772 $553K Reduce -8.3%
WELL Welltower Inc. 0.11% 3,594 $552K Add +15.7%
KNG FT Vest S&P 500 DVD Arst TRG 0.11% 11,190 $549K New
MAIN Main Street Capital Corp. 0.11% 9,292 $549K Reduce -1.1%
HTGC Hercules Capital Inc. 0.11% 29,949 $547K Add +5.3%
DFAC Dimensional US Core Equity 2 0.11% 15,115 $542K Reduce -3.0%
JPST JPMorgan Ultra-Short Income 0.11% 10,633 $539K No change
SCHD Schwab US DVD Equity ETF 0.11% 20,179 $535K Add +8.6%
CRWD CrowdStrike Holdings Inc. Class A 0.11% 1,044 $532K Add +35.2%
SPDW Ste STR SPDR PT DW Eu ETF 0.11% 13,069 $529K Reduce -68.4%
GLW Corning Inc. 0.10% 9,923 $522K Reduce -31.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.10% 1,169 $512K Add +93.2%
SOXX iShares Semiconductor ETF 0.10% 2,128 $508K New
SPGI S&P Global Inc. 0.10% 958 $505K Reduce -8.2%
FDD First Trust Stoxx Europe 0.10% 32,459 $504K Add +171.3%
XLG Invesco S&P 500 Top 50 ETF 0.10% 9,660 $503K Add +2.2%
ON On Semiconductor 0.10% 9,486 $497K Reduce -1.5%
IGV iShares Expanded Tech-Softwa 0.10% 4,502 $493K New
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED 0.10% 14,723 $492K New
ARM Arm Holdings PLC-ADR 0.10% 3,025 $489K Add +11.0%
CIBR First Trust Nasdaq Cybersecu 0.10% 6,465 $489K Add +12.9%
SPLB SS SPDR P Long Term C ETF 0.10% 21,264 $480K Add +5.5%
CGGR Cap Group Growth Equity 0.10% 11,750 $478K New
FLOT iShares Floating Rate Bond E 0.10% 9,353 $477K Add +0.7%
FAAR First Trust Alt Abs Ret ETF 0.10% 17,080 $474K New
TT Trane Technologies PLC 0.09% 1,072 $469K Add +22.0%
SMR Nuscale Power Corp. 0.09% 11,779 $466K New
FMF First Trust Managed Futures 0.09% 10,059 $455K New
SRLN SS Blackstone Sr Loan ETF 0.09% 10,855 $451K Add +3.5%
WM Waste Management Inc. 0.09% 1,957 $448K Add +59.0%
BP BP PLC-Spons ADR 0.09% 14,926 $447K Reduce -18.9%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.09% 8,159 $444K Add +0.1%
CGGE Cap Group Global Eq filed as CAPITAL GROUP GLOBAL EQUITY 0.09% 15,145 $442K New
EMHC SS SPDR BB Em Usd Bond ETF 0.09% 17,633 $434K Add +3.9%
IWF iShares Russell 1000 Growth 0.09% 1,015 $431K Add +16.9%
TRV The Travelers Cos Inc. 0.09% 1,607 $430K New
JNK SS SPDR BB High Yield Bond 0.09% 4,406 $429K Add +70.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.09% 3,463 $428K Add +1.7%
SPSM SS SPDR P S&P 600 Small Cap 0.09% 9,965 $425K Add +60.9%
GD General Dynamics Corp. 0.09% 1,453 $424K Add +10.8%
HBAN Huntington Bancshares Inc. 0.08% 25,168 $422K Reduce -0.1%
CAT Caterpillar Inc. 0.08% 1,085 $421K Reduce -24.3%
ENB Enbridge Inc. 0.08% 9,287 $421K New
BND Vanguard Total Bond Market 0.08% 5,707 $420K Reduce -25.2%
VEU Vanguard Ftse All-World Ex-U 0.08% 6,112 $411K New
EMLC Vaneck JPM Em Local Curr BND 0.08% 16,172 $410K Add +77.8%
VYMI Vanguard Int High DVD YLD Inc. 0.08% 5,071 $406K New
ANET Arista Networks Inc. 0.08% 3,921 $401K Reduce -0.9%
ECC Eagle Point Credit Co. 0.08% 51,984 $398K Add +0.3%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.08% 2,411 $397K New
MS Morgan Stanley 0.08% 2,812 $396K Reduce -4.2%
DVYE iShares Emerging Markets Div 0.08% 13,809 $396K Add +1.7%
NOC Northrop Grumman Corp. 0.08% 788 $394K Reduce -17.3%
SSD Simpson Manufacturing Co. Inc. 0.08% 2,491 $387K Reduce -8.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 8,133 $385K New
APH Amphenol Corp. Class A 0.08% 3,867 $382K New
SDVD FT Vest Smid Rising Dividend 0.08% 18,504 $380K Add +77.1%
MRK Merck & Co. Inc. 0.08% 4,773 $378K Add +8.6%
JAAA Janus Henderson Aaa Clo ETF 0.08% 7,401 $376K Add +1.1%
TGT Target Corp. 0.07% 3,779 $373K Add +23.9%
GPIQ GS Nasdaq-100 PR Inc. ETF-Usd 0.07% 7,475 $372K Add +3.1%
GPIX GLDM SA S&P 500 PR in ETF-US 0.07% 7,470 $372K Add +3.0%
EVRG Evergy Inc. 0.07% 5,357 $369K New
IJR iShares Core S&P Small-Cap E 0.07% 3,361 $367K Add +8.0%
FTCS First Trust Capital Strength 0.07% 4,017 $365K Add +12.7%
MCO Moody's Corp. 0.07% 724 $363K Reduce -10.7%
FTHY First Trust Hi YLD Opp 2027 0.07% 24,211 $360K No change
MWA Mueller Water Products Inc. Class A 0.07% 14,941 $359K Add +1.0%
PEP Pepsico Inc. 0.07% 2,701 $357K Add +6.0%
FVD First Trust Value Line DVD 0.07% 7,926 $354K Reduce -0.4%
TIPX SS SPDR BB 1-10YR Tips ETF 0.07% 18,503 $354K Add +4.8%
ED Consolidated Edison Inc. 0.07% 3,528 $354K Add +54.3%
WMB Williams Cos Inc. 0.07% 5,609 $352K Add +1.9%
EMR Emerson Electric Co. 0.07% 2,635 $351K Add +22.4%
CRM Salesforce Inc. 0.07% 1,286 $351K Reduce -13.4%
GROZ Zacks Focus Growth ETF 0.07% 13,239 $351K Reduce -3.2%
ITW Illinois Tool Works 0.07% 1,418 $351K Add +0.6%
VXUS Vanguard Total Intl Stock 0.07% 5,064 $350K Add +4.3%
RWR SS SPDR Dow Jones REIT ETF 0.07% 3,608 $348K Reduce -17.1%
C Citigroup Inc. 0.07% 3,955 $337K Add +39.4%
CERY SS SPDR BBG En RY CM St N-Ui 0.07% 12,324 $336K Reduce -43.2%
NBIS Nebius Group NV 0.07% 6,035 $334K New
ILMN Illumina Inc. 0.07% 3,495 $333K Add +10.7%
IEF iShares 7-10 Year Treasury B 0.07% 3,473 $333K New
CLOI Vaneck Clo ETF 0.07% 6,273 $332K Reduce -5.6%
CGMS Cap Group US Multi-Sect Bond 0.07% 12,024 $332K Add +22.1%
CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT 0.07% 10,337 $330K New
BKNG Booking Holdings Inc. 0.07% 57 $330K No change
ACWI iShares MSCI Acwi ETF 0.07% 2,560 $329K Add +1.2%
SPMD SS SPDR P S&P 400 Midcap ETF 0.07% 6,010 $327K Reduce -2.3%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.07% 8,795 $325K New
AVUV Avantis US Small Cap Value 0.07% 3,551 $324K Add +7.4%
BX Blackstone Inc. 0.06% 2,136 $320K Add +0.5%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.06% 8,041 $318K New
UTG Reaves Utility Income Fund 0.06% 8,761 $317K Reduce -9.7%
FIX Comfort Systems USA Inc. 0.06% 588 $315K New
FTSL First Trust Senior Loan ETF 0.06% 6,865 $315K New
IGLD FT Vest Gold Strategy Target 0.06% 14,463 $314K New
CI The Cigna Group 0.06% 944 $312K Add +16.4%
XLP SS Consumer Staples Sel Sect 0.06% 3,821 $309K Reduce -8.3%
IFRA iShares US Infrastructure 0.06% 6,211 $306K Add +0.3%
CMI Cummins Inc. 0.06% 931 $305K New
BUXX Strive Enhanced Income Short 0.06% 14,985 $304K Add +3.3%
SPTM SS SPDR P S&P 1500 Comp ETF 0.06% 4,000 $300K New
SBUX Starbucks Corp. 0.06% 3,236 $297K Add +8.6%
TMUS T-Mobile US Inc. 0.06% 1,241 $296K Add +37.4%
VSS Vanguard Ftse All Wo X-US SC 0.06% 2,193 $295K New
KMI Kinder Morgan Inc. 0.06% 10,020 $295K Reduce -1.1%
XLY SS Consumer Disc Select Sect 0.06% 1,353 $294K Reduce -7.8%
NET Cloudflare Inc. Class A 0.06% 1,500 $294K New
FTSM First Trust Enh Short Mat FD 0.06% 4,866 $291K Add +28.6%
JCI Johnson Controls Internation 0.06% 2,726 $288K Reduce -2.4%
SPOT Spotify Technology SA 0.06% 375 $288K New
CGCP Cap Group Core Plus Income 0.06% 12,661 $285K New
TLT iShares 20+ Year Treasury BD 0.06% 3,216 $284K Add +10.3%
ZS Zscaler Inc. 0.06% 903 $283K New
FDN First Trust DJ Internet Ind 0.06% 1,050 $283K Reduce -1.4%
MAA Mid-America Apartment Comm 0.06% 1,901 $281K New
AMGN Amgen Inc. 0.06% 986 $275K Add +4.6%
GE General Electric filed as GE AEROSPACE 0.06% 1,068 $275K Add +4.4%
SCHX Schwab US Large-Cap ETF 0.06% 11,218 $274K New
ULTA Ulta Beauty Inc. 0.05% 581 $272K New
CGMM Cap Group Small and Mid Cap 0.05% 10,102 $272K New
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.05% 968 $271K New
ADP Automatic Data Processing 0.05% 873 $269K Add +1.2%
NTAP Netapp Inc. 0.05% 2,526 $269K Reduce -5.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.05% 2,951 $269K New
PFF iShares Preferred & Income S 0.05% 8,750 $268K Add +1.9%
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.05% 8,078 $268K Add +15.4%
SDVY First Trust Smid Cap Rising 0.05% 7,575 $267K Reduce -18.9%
CGCB Cap Group Core Bond 0.05% 10,047 $264K New
MO Altria Group Inc. 0.05% 4,488 $263K Add +5.4%
QQQI Neos Nasdaq-100 High Inc. ETF 0.05% 5,005 $260K Reduce -32.8%
D Dominion Energy Inc. 0.05% 4,594 $260K Add +15.3%
TXN Texas Instruments Inc. 0.05% 1,250 $260K New
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.05% 5,599 $259K New
OMAH Vistashares TRG 15 Berkshire 0.05% 13,339 $257K New
AMLP Alerian MLP ETF 0.05% 5,223 $255K Add +9.8%
ATR Aptargroup Inc. 0.05% 1,628 $255K Add +3.3%
UNH Unitedhealth Group Inc. 0.05% 811 $253K Reduce -7.8%
IWB iShares Russell 1000 ETF 0.05% 745 $253K New
FN Fabrinet 0.05% 843 $248K New
FTNT Fortinet Inc. 0.05% 2,330 $246K Add +4.3%
JHMD John Hancock MF Dev Intl ETF 0.05% 6,389 $245K New
TRMB Trimble Inc. 0.05% 3,204 $243K Add +4.7%
AVPT Avepoint Inc. 0.05% 12,559 $243K Reduce -0.8%
TRFM Aam Transformers ETF 0.05% 5,597 $242K New
GWX State Street SPDR S&P Intern 0.05% 6,500 $242K Reduce -8.7%
BITB Bitwise Bitcoin ETF 0.05% 4,099 $240K New
CRWV Coreweave Inc. Class A 0.05% 1,472 $240K New
RSP Invesco S&P 500 Equal Weight 0.05% 1,315 $239K New
CGDG Cap Group Dividend Growers filed as CAPITAL GROUP DIVIDEND GROWE 0.05% 7,095 $239K New
INTU Intuit Inc. 0.05% 297 $234K New
USMV iShares MSCI USA Min Vol Fac 0.05% 2,482 $233K New
EAT Brinker International Inc. 0.05% 1,278 $230K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.05% 1,173 $229K New
DFIV Dimensional International Va 0.05% 5,331 $228K Add +0.4%
FXO First Trust Financial Alphad 0.05% 4,058 $227K New
EXLS Exlservice Holdings Inc. 0.05% 5,140 $225K No change
EBND State Street SPDR Bloomberg 0.05% 10,511 $225K Add +0.0%
CDW CDW Corp. 0.04% 1,251 $223K New
LHX L3HARRIS Technologies Inc. 0.04% 884 $222K New
CAH Cardinal Health Inc. 0.04% 1,317 $221K New
SPLV Invesco S&P 500 Low Volatili 0.04% 3,000 $218K No change
EPD Enterprise Products Partners 0.04% 7,043 $218K Reduce -21.3%
IVE iShares S&P 500 Value ETF 0.04% 1,116 $218K Reduce -3.2%
EXCHANGE TRADED CONCEPTS TRU 0.04% 10,980 $217K Reduce -2.2%
BSX Boston Scientific Corp. 0.04% 2,015 $216K New
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.04% 2,106 $216K New
FPE FT-Preferred Secur & Inc. ETF 0.04% 11,966 $213K New
RSG Republic Services Inc. 0.04% 846 $209K Add +0.8%
CTAS Cintas Corp. 0.04% 933 $208K New
MDT Medtronic PLC 0.04% 2,383 $208K Reduce -1.6%
ALB Albemarle Corp. 0.04% 3,287 $206K Reduce -38.4%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.04% 1,617 $205K New
ARLO Arlo Technologies Inc. 0.04% 12,029 $204K Reduce -0.2%
MMM 3M Co. 0.04% 1,330 $202K New
UBER Uber Technologies Inc. 0.04% 2,165 $202K New
ACN Accenture PLC Class A 0.04% 674 $201K New
SKYY First Trust Cloud Computing 0.04% 1,652 $201K New
RITM Rithm Capital Corp. 0.04% 17,768 $201K Add +1.4%
LTBR Lightbridge Corp. 0.03% 11,903 $159K New
LGHT Langar Global Healthtech ETF 0.03% 15,045 $157K Add +0.2%
UEC Uranium Energy Corp. 0.03% 19,850 $135K New
LAC Lithium Americas Corp. 0.03% 50,073 $134K Reduce -7.3%
ACHR Archer Aviation Inc. Class A 0.02% 11,341 $123K New
LOOP Loop Industries Inc. 0.02% 71,674 $102K Add +8.0%
LAR Lithium Argentina AG 0.02% 38,105 $79K Reduce -9.4%
IMUX Immunic Inc. 0.00% 12,000 $8K No change
HBIO Harvard Bioscience Inc. 0.00% 11,750 $5K Add +4.4%
Other holdings (44): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
SecurityClassShares / PrincipalValueChange
NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal 43,000$43KReduce -12.2%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 29,000$41KReduce -12.1%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 26,000$41KReduce -13.3%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 26,000$40KReduce -13.3%
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 20,000$36KReduce -20.0%
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 25,000$35KReduce -13.8%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 26,000$35KReduce -13.3%
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 36,000$35KNew
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 26,000$34KNew
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 29,000$34KReduce -19.4%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 36,000$34KNew
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 28,000$33KNew
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 33,000$33KReduce -10.8%
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal 25,000$31KReduce -13.8%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 26,000$31KReduce -13.3%
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 33,000$31KReduce -13.2%
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 30,000$31KReduce -16.7%
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 26,000$31KReduce -13.3%
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal 31,000$30KReduce -13.9%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 20,000$30KReduce -13.0%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 26,000$30KReduce -13.3%
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 20,000$30KReduce -16.7%
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 26,000$29KReduce -13.3%
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal 30,000$29KReduce -16.7%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 30,000$29KReduce -14.3%
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 29,000$29KReduce -17.1%
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 26,000$26KReduce -16.1%
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 26,000$25KReduce -13.3%
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 26,000$25KReduce -13.3%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 19,000$24KReduce -24.0%
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 20,000$22KNew
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal 19,000$21KReduce -17.4%
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 20,000$21KReduce -13.0%
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 21,000$20KReduce -12.5%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 15,000$19KReduce -11.8%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 21,000$19KReduce -12.5%
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 10,000$18KReduce -9.1%
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 15,000$17KNew
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 16,000$16KNew
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 16,000$15KReduce -11.1%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 15,000$15KReduce -11.8%
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) NOTE 4/0 · principal 15,000$15KReduce -11.8%
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal 15,000$13KReduce -11.8%
TPI COMPOSITES INC (TPIC 5.25 03/15/28) NOTE 5.250% 3/1 · principal 30,000$3KNo change

Total filed on the 13F, all lines: $498.7M.

Portfolio Sells Q1 2025 → Q2 2025
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -88.4% 0.57% −5.31
GLD SPDR Gold Shares Reduce -21.9% 1.18% −0.54
ADBE Adobe Inc. Reduce -74.9% 0.12% −0.44
DIA SS SPDR Dow Jones Indus Avg Reduce -42.2% 0.43% −0.43
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.9% 2.42% −0.38
ASML ASML Holding NV-NY Reg SHS Reduce -36.1% 0.63% −0.35
AMZN Amazon.com Inc. Reduce -7.3% 2.57% −0.33
IVW iShares S&P 500 Growth ETF Reduce -54.8% 0.26% −0.33
RDDT Reddit Inc. Class A Sold out 0.00% −0.28
SPDW Ste STR SPDR PT DW Eu ETF Reduce -68.4% 0.11% −0.26
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.22
SCHO Schwab Short-Term US Treas Sold out 0.00% −0.21
SGOV iShares 0-3 Month Treasury B Reduce -14.8% 0.47% −0.19
MAXJ iShares LG Cap Max Buff Jun Reduce -5.2% 0.96% −0.18
GOOG Alphabet Inc. Class C Reduce -2.6% 1.62% −0.14
SPEM State Street SP PTF Em ETF Reduce -38.7% 0.17% −0.14
MA Mastercard Inc. Class A Reduce -4.8% 0.53% −0.12
SNOW Snowflake Inc. Sold out 0.00% −0.11
ODFL Old Dominion Freight Line Sold out 0.00% −0.10
PJUN Innovator U.S. Equity Power Sold out 0.00% −0.10
RCS PIMCO Strategic Income Fund Reduce -32.7% 0.15% −0.09
GPRF Access Preferred and Hybrid Sold out 0.00% −0.09
HALO Halozyme Therapeutics Inc. Sold out 0.00% −0.09
VZ Verizon Communications Inc. Reduce -6.7% 0.23% −0.08
CORT Corcept Therapeutics Inc. Sold out 0.00% −0.08
CERY SS SPDR BBG En RY CM St N-Ui Reduce -43.2% 0.07% −0.08
UCON First Trust Smith Unconstrai Sold out 0.00% −0.08
RSDE Ftvestuseqeqlwghtbuffetfdec Sold out 0.00% −0.08
MRVL Marvell Technology Inc. Reduce -28.9% 0.22% −0.08
BKR Baker Hughes Co. Sold out 0.00% −0.07
FANG Diamondback Energy Inc. Sold out 0.00% −0.07
SO The Southern Co. Reduce -10.2% 0.20% −0.07
INTC Intel Corp. Sold out 0.00% −0.07
OKE Oneok Inc. Reduce -8.3% 0.11% −0.07
DFAT Dimensional US Target Value Reduce -4.2% 0.32% −0.06
IAU iShares Gold Trust Sold out 0.00% −0.06
BP BP PLC-Spons ADR Reduce -18.9% 0.09% −0.06
UNH Unitedhealth Group Inc. Reduce -7.8% 0.05% −0.06
CCJ Cameco Corp. Reduce -49.2% 0.19% −0.06
EME Emcor Group Inc. Sold out 0.00% −0.06
VCSH Vanguard S/T Corp. Bond ETF Reduce -2.5% 0.26% −0.06
AIT Applied Industrial Tech Inc. Sold out 0.00% −0.06
SCHR Schwab Intermediate-Term US Sold out 0.00% −0.06
QLTA iShares Aaa - A Rated Corpor Sold out 0.00% −0.06
SIXF Allian US Equ 6 Mon BU10-Usd Sold out 0.00% −0.06
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.06
GILD Gilead Sciences Inc. Sold out 0.00% −0.06
AUGT Allianzim US Eq BFFR10 AG-US Sold out 0.00% −0.06
GLW Corning Inc. Reduce -31.8% 0.10% −0.06
KMB Kimberly-Clark Corp. Sold out 0.00% −0.06

Portfolio Buys Q1 2025 → Q2 2025
MSFT Microsoft Corp. Add +1.5% 5.53% +0.58
IYW iShares Ustechnology ETF New 0.57% +0.57
AVGO Broadcom Inc. Add +42.3% 1.13% +0.55
IYC iShares US Consumer Discreti New 0.53% +0.53
IYZ iShares US Telecommunication New 0.53% +0.53
IYF iShares US Financials ETF New 0.53% +0.53
NFLX Netflix Inc. Add +111.6% 0.75% +0.46
SPMO Invesco S&P 500 Momentum ETF New 0.41% +0.41
VOO Vanguard S&P 500 ETF Add +73.9% 1.04% +0.39
AMD Advanced Micro Devices Add +0.5% 2.32% +0.31
VRT Vertiv Holdings Co. Class A Add +5.3% 0.80% +0.29
QQQ Invesco QQQ Trust Series 1 Add +33.0% 1.19% +0.27
FTCB FT Core Investment Grade ETF New 0.26% +0.26
COST Costco Wholesale Corp. Add +42.1% 1.33% +0.25
FTHI Fthi/First Trust Exchange-TR New 0.24% +0.24
IWD iShares Russell 1000 Value E New 0.22% +0.22
HYLS FT Tactical High Yield ETF New 0.20% +0.20
META Meta Platforms Inc. Class A Add +3.0% 2.17% +0.19
SSO Proshares Ultra S&P500 New 0.18% +0.18
FTQI First Trust Nasdaq Buywrite New 0.18% +0.18
EFA iShares MSCI Eafe ETF Add +367.5% 0.22% +0.17
VV Vngrd Mrgstr LRG-Cap ETF-Usd New 0.17% +0.17
SPAB SS SPDR P Agg Bond ETF Add +256.1% 0.23% +0.15
AMT American Tower Corp. New 0.15% +0.15
VYM Vanguard High DVD Yield ETF Add +131.3% 0.29% +0.14
EEM iShares MSCI Emerging Market New 0.14% +0.14
OXY Occidental Petroleum Corp. New 0.12% +0.12
ORCL Oracle Corp. Add +15.7% 0.34% +0.11
RDVI FT Vest Rising Dividend Achi Add +59.2% 0.41% +0.11
KNG FT Vest S&P 500 DVD Arst TRG New 0.11% +0.11
SOXX iShares Semiconductor ETF New 0.10% +0.10
IGV iShares Expanded Tech-Softwa New 0.10% +0.10
CGBL Cap Group Core Balanced New 0.10% +0.10
CGGR Cap Group Growth Equity New 0.10% +0.10
FAAR First Trust Alt Abs Ret ETF New 0.10% +0.10
IBM Intl Business Machines Corp. Add +83.6% 0.21% +0.10
HOOD Robinhood Markets Inc. Class A Add +5.9% 0.19% +0.09
SMR Nuscale Power Corp. New 0.09% +0.09
FMF First Trust Managed Futures New 0.09% +0.09
CGGE Cap Group Global Eq New 0.09% +0.09
TRV The Travelers Cos Inc. New 0.09% +0.09
ENB Enbridge Inc. New 0.08% +0.08
VEU Vanguard Ftse All-World Ex-U New 0.08% +0.08
VYMI Vanguard Int High DVD YLD Inc. New 0.08% +0.08
VOE Vngrd Mrngstr MD-Cap Val ETF New 0.08% +0.08
FTLS First Trust Long/Short Eqty Add +189.1% 0.13% +0.08
IEFA iShares Core MSCI Eafe ETF Add +34.2% 0.42% +0.08
BAC Bank of America Corp. New 0.08% +0.08
APH Amphenol Corp. Class A New 0.08% +0.08
EVRG Evergy Inc. New 0.07% +0.07

Notes & Other Activity Q1 2025 → Q2 2025
NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal Reduce -12.2% 43,000 $43K
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Reduce -12.1% 29,000 $41K
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal Reduce -13.3% 26,000 $41K
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Reduce -13.3% 26,000 $40K
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal Sold out 30,000 $40Kbefore exit
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Reduce -20.0% 20,000 $36K
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal Reduce -13.8% 25,000 $35K
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal Reduce -13.3% 26,000 $35K
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal New 36,000 $35K
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal New 26,000 $34K
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal Reduce -19.4% 29,000 $34K
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal New 36,000 $34K
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal New 28,000 $33K
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Reduce -10.8% 33,000 $33K
DEXCOM INC (DXCM 0.25 11/15/25) NOTE 0.250%11/1 · principal Sold out 33,000 $32Kbefore exit
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal Reduce -13.8% 25,000 $31K
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal Reduce -13.3% 26,000 $31K
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal Reduce -13.2% 33,000 $31K
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal Reduce -16.7% 30,000 $31K
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal Sold out 36,000 $31Kbefore exit
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal Reduce -13.3% 26,000 $31K
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal Reduce -13.9% 31,000 $30K
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal Reduce -13.0% 20,000 $30K
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal Sold out 30,000 $30Kbefore exit
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal Reduce -13.3% 26,000 $30K
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal Reduce -16.7% 20,000 $30K
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal Reduce -13.3% 26,000 $29K
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal Reduce -16.7% 30,000 $29K
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Reduce -14.3% 30,000 $29K
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal Reduce -17.1% 29,000 $29K
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Reduce -16.1% 26,000 $26K
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal Reduce -13.3% 26,000 $25K
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal Reduce -13.3% 26,000 $25K
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal Reduce -24.0% 19,000 $24K
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal New 20,000 $22K
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal Reduce -17.4% 19,000 $21K
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal Reduce -13.0% 20,000 $21K
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal Reduce -12.5% 21,000 $20K
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal Reduce -11.8% 15,000 $19K
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal Reduce -12.5% 21,000 $19K
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal Reduce -9.1% 10,000 $18K
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal Sold out 24,000 $18Kbefore exit
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal New 15,000 $17K
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal New 16,000 $16K
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal Reduce -11.1% 16,000 $15K
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Reduce -11.8% 15,000 $15K
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) NOTE 4/0 · principal Reduce -11.8% 15,000 $15K
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal Reduce -11.8% 15,000 $13K
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) NOTE 1.875%12/0 · principal Sold out 50,000 $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