Balboa Wealth Partners

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Balboa Wealth Partners reported 392 stock positions worth $603.4 million. Its top holding was Tesla (TSLA) at 9.0% of the portfolio, followed by Nvidia (NVDA, 8.2%) and Microsoft (MSFT, 4.5%). Compared with Q3 2025, it opened 54 new positions, sold out of 25, added to 166 and reduced 151. The biggest buy was a new position in iShares U.S. Healthcare ETF (IYH) and the biggest sale Nvidia (NVDA, shares −6%).

Most Recent 13F
Q2 2026
Location
SCOTTSDALE, AZ
CIK
0001929008
Portfolio Value
$603.4M (Q4 2025)
SEC Filing
0001951757-26-000198 ↗ filed Jan 16, 2026

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 Q2 2025 Q3 2025: $578.3M Q3 2025 Q4 2025: $603.4M $603.4M Q4 2025 Q1 2026: $594.9M Q1 2026 Q2 2026: $734.2M Q2 2026

Holdings 392 stocks · $603.4M
TSLA Tesla Inc. 9.03% 121,100 $54.5M Reduce -1.6%
NVDA Nvidia Corp. 8.19% 265,123 $49.4M Reduce -5.6%
MSFT Microsoft Corp. 4.49% 56,031 $27.1M Reduce -0.2%
AAPL Apple Inc. 3.14% 69,701 $18.9M Reduce -0.1%
AMD Advanced Micro Devices 2.89% 81,384 $17.4M Reduce -0.9%
GOOG Alphabet Inc. Class C 2.41% 46,250 $14.5M Reduce -7.9%
SPY SS SPDR S&P 500 ETF Trust-US 2.34% 20,727 $14.1M Reduce -1.8%
AMZN Amazon.com Inc. 2.14% 55,951 $12.9M Reduce -3.5%
META Meta Platforms Inc. Class A 1.96% 17,891 $11.8M Add +20.4%
VOO Vanguard S&P 500 ETF 1.91% 18,398 $11.5M Add +6.1%
TSM Taiwan Semiconductor-SP ADR 1.50% 29,844 $9.1M Reduce -4.0%
VTI VG Morningstar TS MKT ETF-US 1.43% 25,703 $8.6M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 1.26% 15,067 $7.6M Reduce -4.2%
APP AppLovin Corp. Class A 1.25% 11,150 $7.5M Reduce -2.7%
PLTR Palantir Technologies Inc. Class A 1.24% 42,208 $7.5M Reduce -2.3%
AVGO Broadcom Inc. 1.16% 20,196 $7.0M Add +3.1%
QQQ Invesco QQQ Trust Series 1 1.16% 11,349 $7.0M Add +6.3%
GLD SPDR Gold Shares 1.14% 17,291 $6.9M Reduce -15.8%
GOOGL Alphabet Inc. Class A 1.02% 19,636 $6.1M Add +1.7%
BRK.A Berkshire Hathaway Inc. Class A 1.00% 8 $6.0M No change
MU Micron Technology Inc. 1.00% 21,123 $6.0M Reduce -4.0%
ZECP Zacks Earnings Consistent Po 0.96% 166,093 $5.8M Add +14.3%
DDS Dillards Inc. Class A 0.95% 9,411 $5.7M No change
MDY State Street SPDR S&P Midcap 0.92% 9,177 $5.5M Reduce -0.1%
COST Costco Wholesale Corp. 0.89% 6,222 $5.4M Reduce -3.8%
VEA Vanguard Ftse Developed ETF 0.85% 82,134 $5.1M Reduce -0.2%
STRL Sterling Infrastructure Inc. 0.76% 15,050 $4.6M Add +1.0%
ASML ASML Holding NV-NY Reg SHS 0.68% 3,856 $4.1M Reduce -1.8%
VGSH Vanguard Short-Term Treasury 0.64% 65,847 $3.9M Add +82.3%
VRT Vertiv Holdings Co. Class A 0.60% 22,395 $3.6M Reduce -22.1%
JPM JPMorgan Chase & Co. 0.58% 10,847 $3.5M Add +3.0%
VWO Vanguard Ftse Emerging Marke 0.58% 64,944 $3.5M Add +5.8%
IYW iShares Ustechnology ETF 0.53% 16,094 $3.2M Reduce -2.2%
IYZ iShares US Telecommunication 0.50% 88,963 $3.0M Reduce -0.7%
XLK SS Technology Select Sector 0.48% 20,203 $2.9M Reduce -1.9%
IYH iShares U.S. Healthcare ETF 0.48% 44,382 $2.9M New
MA Mastercard Inc. Class A 0.47% 4,973 $2.8M Reduce -0.2%
BA The Boeing Co. 0.46% 12,833 $2.8M Reduce -3.6%
FTSM First Trust Enh Short Mat FD 0.46% 45,895 $2.8M New
IDU iShares US Utilities ETF 0.45% 25,244 $2.7M Reduce -1.9%
GS Goldman Sachs Group Inc. 0.45% 3,065 $2.7M Reduce -0.7%
AXP American Express Co. 0.44% 7,206 $2.7M Add +2.7%
NFLX Netflix Inc. 0.41% 26,636 $2.5M Reduce -12.6%
XLE SS Energy Select Sector 0.41% 55,811 $2.5M Add +0.5%
RDVI FT Vest Rising Dividend Achi 0.38% 88,043 $2.3M Add +5.3%
QUIZ Zacks QLTY Inter'l Fund 0.38% 87,048 $2.3M Add +29.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.38% 4,787 $2.3M Reduce -1.6%
ABBV Abbvie Inc. 0.37% 9,838 $2.2M Add +4.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.37% 11,703 $2.2M Reduce -4.5%
ORCL Oracle Corp. 0.37% 11,362 $2.2M Reduce -9.2%
JNJ Johnson & Johnson 0.35% 10,290 $2.1M Add +20.9%
SMIZ Zacks Small/Mid Cap ETF 0.35% 57,419 $2.1M Add +16.1%
AGG iShares Core U.S. Aggregate 0.35% 21,250 $2.1M Add +14.2%
V Visa Inc. Class A 0.35% 5,996 $2.1M Add +6.1%
MAXJ iShares LG Cap Max Buff Jun 0.32% 68,109 $1.9M Reduce -9.0%
FISR SS Fi Sector Rotation 0.31% 72,094 $1.9M Add +48.4%
XLSR SS US Sector Rotation 0.29% 27,798 $1.7M Reduce -2.8%
RTX RTX Corp. 0.27% 9,007 $1.7M Reduce -2.3%
SPMO Invesco S&P 500 Momentum ETF 0.27% 13,587 $1.6M Reduce -25.6%
BTC Grayscale Bitcoin Mini ETF 0.26% 41,234 $1.6M Reduce -7.3%
CRWD CrowdStrike Holdings Inc. Class A 0.26% 3,392 $1.6M Reduce -5.8%
EMLC Vaneck JPM Em Local Curr BND 0.26% 60,025 $1.5M Add +263.9%
DUSB Dimension Ultrashort Fi ETF 0.25% 30,232 $1.5M New
VYM Vanguard High DVD Yield ETF 0.25% 10,656 $1.5M Add +0.3%
DFAT Dimensional US Target Value 0.25% 25,311 $1.5M Reduce -12.5%
AER Aercap Holdings NV 0.25% 10,442 $1.5M Reduce -6.6%
LLY Eli Lilly & Co. 0.25% 1,383 $1.5M Reduce -10.1%
HOOD Robinhood Markets Inc. Class A 0.24% 13,021 $1.5M Add +3.4%
BUFR FT Vest Lad Buffervetf-Usd I 0.24% 42,918 $1.5M Add +2.6%
IVW iShares S&P 500 Growth ETF 0.24% 11,898 $1.5M Reduce -1.0%
FTCB FT Core Investment Grade ETF 0.24% 68,998 $1.5M Add +12.1%
IVV iShares Core S&P 500 ETF 0.24% 2,072 $1.4M Add +3.2%
SPDW Ste STR SPDR PT DW Eu ETF 0.23% 31,543 $1.4M Add +39.2%
FTHI Fthi/First Trust Exchange-TR 0.23% 57,560 $1.4M Add +8.6%
EFA iShares MSCI Eafe ETF 0.22% 13,879 $1.3M Add +0.6%
SCHX Schwab US Large-Cap ETF 0.22% 48,444 $1.3M Add +91.3%
XOM Exxon Mobil Corp. 0.21% 10,558 $1.3M Add +4.2%
DUK Duke Energy Corp. 0.21% 10,771 $1.3M Reduce -2.8%
CCJ Cameco Corp. 0.20% 13,066 $1.2M Reduce -0.3%
PH Parker Hannifin Corp. 0.20% 1,343 $1.2M Reduce -3.5%
MRVL Marvell Technology Inc. 0.20% 13,871 $1.2M Reduce -0.6%
HD Home Depot Inc. 0.19% 3,401 $1.2M Add +5.3%
ISRG Intuitive Surgical Inc. 0.19% 2,062 $1.2M Reduce -3.2%
AVDV Avantis Intl S/C Value ETF 0.19% 12,359 $1.2M Add +23.1%
SGOL Abrdn Physical Gold Shares 0.19% 28,147 $1.2M Add +0.2%
SPEM State Street SP PTF Em ETF 0.19% 24,505 $1.1M Reduce -1.6%
URA Global X Uranium ETF 0.19% 26,727 $1.1M Add +0.2%
B Barrick Mining Corp. 0.18% 25,546 $1.1M Reduce -2.1%
HYLS FT Tactical High Yield ETF 0.18% 26,543 $1.1M Add +7.2%
SSO Proshares Ultra S&P500 0.17% 18,065 $1.0M Reduce -1.6%
VZ Verizon Communications Inc. 0.17% 24,820 $1.0M Reduce -3.3%
PG The Procter & Gamble Co. 0.17% 7,025 $1.0M Add +14.7%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.17% 3,187 $1.0M Add +2.9%
AVEM Avantis Emerging Markets Eq 0.17% 12,989 $1.0M Add +29.2%
SCCO Southern Copper Corp. 0.16% 6,908 $991K Add +2.8%
DFUV Dimensional US Marketwide Va 0.16% 21,219 $989K No change
SCHW Schwab (charles) Corp. 0.16% 9,831 $982K Reduce -0.3%
WMT Walmart Inc. 0.16% 8,796 $980K Add +11.9%
SO The Southern Co. 0.16% 11,181 $975K Add +6.2%
OMAH Vistashares TRG 15 Berkshire 0.16% 51,970 $974K Reduce -29.7%
GLW Corning Inc. 0.16% 11,048 $967K Add +9.4%
VMBS Vanguard Mortgage-Backed Sec 0.16% 20,445 $963K Add +13.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 3,241 $960K Add +13.9%
XLF SS Financial Select Sector 0.16% 17,124 $938K Reduce -2.2%
ADBE Adobe Inc. 0.15% 2,609 $913K Reduce -52.3%
IWF iShares Russell 1000 Growth 0.15% 1,921 $909K Reduce -1.2%
NUE Nucor Corp. 0.15% 5,532 $902K Reduce -0.9%
FTQI First Trust Nasdaq Buywrite 0.15% 43,210 $900K Reduce -10.2%
MCK McKesson Corp. 0.15% 1,089 $893K Add +22.6%
MCD McDonald's Corp. 0.15% 2,917 $891K Add +3.0%
NBIS Nebius Group NV 0.15% 10,631 $890K Add +18.7%
XAR SS SPDR S&P Aerospace Def 0.15% 3,679 $888K Reduce -6.4%
PANW Palo Alto Networks Inc. 0.15% 4,764 $878K Reduce -10.3%
ABT Abbott Laboratories 0.14% 6,972 $874K Add +0.1%
APLD Applied Digital Corp. 0.14% 35,550 $872K New
SCHE Schwab Emrg Mrkts Eqty ETF 0.14% 26,168 $857K Reduce -4.3%
KTOS Kratos Defense & Security 0.14% 11,132 $845K Add +78.0%
IWD iShares Russell 1000 Value E 0.14% 4,013 $844K Reduce -0.6%
SPIB SS SPDR P Int C Corp. ETF 0.14% 24,905 $842K Reduce -9.5%
ARCC Ares Capital Corp. 0.14% 41,238 $834K Reduce -7.9%
TFLO iShares Treasury Floating Ra 0.14% 16,420 $829K Add +10.1%
NOW ServiceNow Inc. 0.14% 5,345 $819K Reduce -3.7%
T AT&T Inc. 0.13% 32,627 $810K Reduce -20.2%
CAT Caterpillar Inc. 0.13% 1,391 $797K Add +31.9%
RMOP Rockefeller Opport Muni ETF 0.13% 31,685 $793K New
LMT Lockheed Martin Corp. 0.13% 1,626 $787K Add +17.2%
QCOM Qualcomm Inc. 0.13% 4,564 $781K Add +2.3%
EEM iShares MSCI Emerging Market 0.13% 14,202 $777K Reduce -2.6%
SMBC Southern Missouri Bancorp 0.13% 12,943 $765K Add +0.4%
JPST JPMorgan Ultra-Short Income 0.13% 15,028 $760K Add +30.3%
SGOV iShares 0-3 Month Treasury B 0.12% 7,504 $753K Add +4.5%
XLV SS Health Care Select Sector 0.12% 4,673 $723K Add +4.0%
PFE Pfizer Inc. 0.12% 29,049 $723K Add +1.7%
FTLS First Trust Long/Short Eqty 0.12% 10,036 $712K Add +0.3%
CVX Chevron Corp. 0.12% 4,640 $707K Add +0.4%
IEFA iShares Core MSCI Eafe ETF 0.12% 7,876 $705K Add +0.5%
VCSH Vanguard S/T Corp. Bond ETF 0.12% 8,835 $704K Add +10.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.12% 1,442 $703K Add +5.5%
PM Philip Morris International 0.12% 4,378 $702K Add +4.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 4,568 $702K Add +8.5%
CSCO Cisco Systems Inc. 0.12% 9,068 $699K Add +0.3%
LNG Cheniere Energy Inc. 0.11% 3,562 $692K Reduce -13.3%
MRK Merck & Co. Inc. 0.11% 6,564 $691K Add +47.7%
IWM iShares Russell 2000 ETF 0.11% 2,801 $689K No change
MINT PIMCO Enhanced Short Maturit 0.11% 6,859 $688K New
IJH iShares Core S&P Midcap ETF 0.11% 10,396 $686K Add +0.3%
JEPI JPMorgan Equity Premium Inco 0.11% 11,958 $684K Reduce -10.7%
UPS United Parcel Service Class B 0.11% 6,870 $681K Add +0.8%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.11% 25,652 $679K New
SPSM SS SPDR P S&P 600 Small Cap 0.11% 14,377 $674K Reduce -22.0%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.11% 5,354 $663K Reduce -12.9%
VB Vanguard Most SM-Cap ETF-Usd 0.11% 2,566 $662K Add +5.3%
CGGR Cap Group Growth Equity 0.11% 14,884 $662K Add +5.2%
WELL Welltower Inc. 0.11% 3,447 $640K Reduce -2.3%
VONV Vanguard Russell 1000 Value 0.11% 6,903 $637K Add +16.4%
XYZ Block Inc. 0.10% 9,721 $633K Reduce -21.2%
GUT Gabelli Utility Trust 0.10% 104,579 $631K Reduce -4.0%
BIL SS SPDR BB 1-3M T-Bill ETF 0.10% 6,898 $630K Reduce -50.4%
GD General Dynamics Corp. 0.10% 1,831 $616K Add +4.8%
SCHD Schwab US DVD Equity ETF 0.10% 22,376 $614K Add +11.0%
KNG FT Vest S&P 500 DVD Arst TRG 0.10% 12,357 $607K Add +6.3%
NVO Novo-Nordisk A/S-Spons ADR 0.10% 11,901 $606K Reduce -0.1%
ETN Eaton Corp. PLC 0.10% 1,890 $602K Reduce -7.7%
DFAC Dimensional US Core Equity 2 0.10% 15,099 $598K Reduce -0.1%
GE General Electric filed as GE AEROSPACE 0.10% 1,925 $593K Reduce -10.1%
CMG Chipotle Mexican Grill Inc. 0.10% 16,004 $592K Reduce -0.7%
CGGE Cap Group Global Eq filed as CAPITAL GROUP GLOBAL EQUITY 0.10% 18,631 $589K Add +3.4%
MELI MercadoLibre Inc. 0.10% 292 $588K Reduce -30.5%
INTC Intel Corp. 0.10% 15,891 $586K Add +96.7%
HTGC Hercules Capital Inc. 0.10% 31,017 $584K No change
SLV iShares Silver Trust 0.10% 8,994 $579K Add +46.5%
APH Amphenol Corp. Class A 0.10% 4,280 $578K Add +10.9%
XLG Invesco S&P 500 Top 50 ETF 0.10% 9,687 $574K Reduce -1.3%
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED 0.09% 16,122 $570K Add +7.0%
AMT American Tower Corp. 0.09% 3,230 $567K Reduce -2.6%
MS Morgan Stanley 0.09% 3,181 $565K Add +1.9%
MAIN Main Street Capital Corp. 0.09% 9,293 $561K Add +0.0%
C Citigroup Inc. 0.09% 4,721 $551K Add +24.5%
DLR Digital Realty Trust Inc. 0.09% 3,549 $549K Reduce -20.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 9,876 $543K Add +12.2%
AMAT Applied Materials Inc. 0.09% 2,101 $540K Reduce -17.7%
KO The Coca-Cola Co. 0.09% 7,681 $537K Add +4.4%
BINC iShares Flex I A ETF-Usd Inc. 0.09% 10,053 $530K New
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.09% 13,078 $526K Add +9.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.09% 2,033 $526K Add +6.9%
IFRA iShares US Infrastructure 0.09% 9,946 $523K Add +61.0%
ECC Eagle Point Credit Co. 0.09% 90,343 $520K Add +62.1%
ALB Albemarle Corp. 0.09% 3,652 $517K Add +15.9%
IJR iShares Core S&P Small-Cap E 0.09% 4,288 $515K Add +0.1%
ANET Arista Networks Inc. 0.09% 3,917 $513K Reduce -1.6%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.09% 8,820 $513K Add +9.3%
CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT 0.08% 14,709 $510K Add +17.4%
FTSL First Trust Senior Loan ETF 0.08% 11,084 $509K Add +45.0%
FMF First Trust Managed Futures 0.08% 10,788 $508K Add +2.3%
AGM Federal Agric MTG Corp. Class C 0.08% 2,850 $500K Reduce -16.2%
CMI Cummins Inc. 0.08% 977 $499K Reduce -5.8%
CIBR First Trust Nasdaq Cybersecu 0.08% 6,959 $497K Add +14.0%
OKE Oneok Inc. 0.08% 6,708 $493K Reduce -0.1%
SPGI S&P Global Inc. 0.08% 932 $487K Reduce -1.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.08% 4,154 $482K Add +31.5%
SCHZ Schwab US Aggregate Bond ETF 0.08% 20,426 $477K New
FAAR First Trust Alt Abs Ret ETF 0.08% 17,333 $470K Add +1.9%
LRCX Lam Research Corp. 0.08% 2,734 $468K New
BP BP PLC-Spons ADR 0.08% 13,431 $466K No change
CGMU Cap Group Municipal Income 0.08% 17,025 $466K New
VEU Vanguard Ftse All-World Ex-U 0.08% 6,300 $463K Reduce -1.4%
VXUS Vanguard Total Intl Stock 0.08% 6,124 $462K Add +18.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 4,045 $460K Add +1.4%
SDVD FT Vest Smid Rising Dividend 0.08% 21,387 $459K Add +2.9%
VYMI Vanguard Int High DVD YLD Inc. 0.08% 5,089 $458K Add +0.1%
LEU Centrus Energy Corp. Class A 0.08% 1,885 $458K Add +126.3%
HBAN Huntington Bancshares Inc. 0.08% 26,380 $458K Add +10.2%
SRLN SS Blackstone Sr Loan ETF 0.08% 11,085 $457K Reduce -0.2%
EMHC SS SPDR BB Em Usd Bond ETF 0.08% 17,849 $454K Add +0.4%
ILMN Illumina Inc. 0.07% 3,445 $452K Reduce -0.7%
FLOT iShares Floating Rate Bond E 0.07% 8,841 $450K Reduce -2.3%
GPIQ GS Nasdaq-100 PR Inc. ETF-Usd 0.07% 8,472 $448K Add +7.6%
GPIX GLDM SA S&P 500 PR in ETF-US 0.07% 8,466 $447K Add +7.6%
ENB Enbridge Inc. 0.07% 9,287 $444K Reduce -0.5%
BND Vanguard Total Bond Market 0.07% 5,942 $440K Add +7.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.07% 2,470 $438K Add +0.2%
CGMM Cap Group Small and Mid Cap 0.07% 15,117 $436K Add +15.6%
OXY Occidental Petroleum Corp. 0.07% 10,376 $427K Reduce -20.2%
TRV The Travelers Cos Inc. 0.07% 1,442 $418K Reduce -10.0%
MDT Medtronic PLC 0.07% 4,352 $418K Add +83.9%
CERY SS SPDR BBG En RY CM St N-Ui 0.07% 14,565 $416K Reduce -41.1%
GROZ Zacks Focus Growth ETF 0.07% 13,925 $415K Add +15.7%
TGT Target Corp. 0.07% 4,187 $409K Add +4.3%
WDC Western Digital Corp. 0.07% 2,361 $407K Reduce -32.0%
NOC Northrop Grumman Corp. 0.07% 701 $400K Reduce -10.8%
DELL Dell Technologies -C 0.07% 3,157 $397K Add +62.3%
RSP Invesco S&P 500 Equal Weight 0.07% 2,053 $393K Add +70.9%
FN Fabrinet 0.07% 863 $393K Add +2.5%
EVRG Evergy Inc. 0.06% 5,366 $389K Add +0.0%
FTCS First Trust Capital Strength 0.06% 4,194 $388K Add +6.2%
CRWV Coreweave Inc. Class A 0.06% 5,384 $386K Add +13.7%
TIPX SS SPDR BB 1-10YR Tips ETF 0.06% 19,297 $368K Add +2.9%
ACWI iShares MSCI Acwi ETF 0.06% 2,595 $367K Reduce -0.9%
FVD First Trust Value Line DVD 0.06% 7,938 $366K No change
GILD Gilead Sciences Inc. 0.06% 2,978 $366K New
JAAA Janus Henderson Aaa Clo ETF 0.06% 7,181 $363K Reduce -1.4%
ED Consolidated Edison Inc. 0.06% 3,651 $363K Add +16.6%
NET Cloudflare Inc. Class A 0.06% 1,825 $360K Add +0.7%
SSD Simpson Manufacturing Co. Inc. 0.06% 2,227 $360K Reduce -5.8%
IGLD FT Vest Gold Strategy Target 0.06% 14,347 $359K Reduce -4.1%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.06% 8,198 $358K Reduce -2.8%
WMB Williams Cos Inc. 0.06% 5,947 $357K Add +3.5%
FTMS FR Short-Term Muni Inc. ETF 0.06% 35,885 $356K New
TLT iShares 20+ Year Treasury BD 0.06% 4,086 $356K Add +15.0%
WM Waste Management Inc. 0.06% 1,601 $352K Reduce -20.0%
ULTA Ulta Beauty Inc. 0.06% 581 $352K No change
CGCB Cap Group Core Bond 0.06% 13,249 $351K Add +30.9%
PEP Pepsico Inc. 0.06% 2,431 $349K Reduce -0.4%
SPMD SS SPDR P S&P 400 Midcap ETF 0.06% 5,999 $347K Add +0.7%
IJK iShares S&P Mid-Cap 400 Grow 0.06% 3,580 $347K No change
MCO Moody's Corp. 0.06% 674 $344K Reduce -9.2%
MWA Mueller Water Products Inc. Class A 0.06% 14,444 $344K Reduce -2.4%
FDD First Trust Stoxx Europe 0.06% 19,651 $344K Reduce -30.1%
FIX Comfort Systems USA Inc. 0.06% 362 $338K Add +4.6%
MEDP Medpace Holdings Inc. 0.06% 600 $337K Add +7.5%
BYD Boyd Gaming Corp. 0.06% 3,939 $336K Reduce -3.1%
BIPC Brookfield Infrastructure-A 0.06% 7,371 $335K Add +23.5%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.06% 1,197 $334K Reduce -53.6%
XLP SS Consumer Staples Sel Sect 0.06% 4,276 $332K Add +11.7%
FTHY First Trust Hi YLD Opp 2027 0.05% 23,563 $332K Reduce -2.7%
D Dominion Energy Inc. 0.05% 5,648 $331K Reduce -21.9%
SPTM SS SPDR P S&P 1500 Comp ETF 0.05% 4,000 $330K No change
BX Blackstone Inc. 0.05% 2,138 $330K Reduce -28.5%
SCHA Schwab US Small-Cap ETF 0.05% 11,568 $329K New
CLOI Vaneck Clo ETF 0.05% 6,227 $329K Add +0.6%
ITW Illinois Tool Works 0.05% 1,335 $329K Reduce -5.8%
AVUV Avantis US Small Cap Value 0.05% 3,208 $327K Reduce -9.8%
CAH Cardinal Health Inc. 0.05% 1,585 $326K New
EMR Emerson Electric Co. 0.05% 2,435 $323K Reduce -8.0%
QQQI Neos Nasdaq-100 High Inc. ETF 0.05% 5,982 $322K Add +15.2%
BUXX Strive Enhanced Income Short 0.05% 15,780 $319K No change
ARM Arm Holdings PLC-ADR 0.05% 2,908 $318K Reduce -6.4%
XLY SS Consumer Disc Select Sect 0.05% 2,662 $318K Reduce -8.7%
KMI Kinder Morgan Inc. 0.05% 11,562 $318K Add +13.8%
FEMB First Trust Emerging Markets 0.05% 10,658 $318K New
UEC Uranium Energy Corp. 0.05% 27,045 $316K Add +3.3%
SOXX iShares Semiconductor ETF 0.05% 1,049 $316K New
STT State Street Corp. 0.05% 2,440 $315K Add +20.0%
AMGN Amgen Inc. 0.05% 956 $313K Reduce -7.6%
PLD Prologis Inc. 0.05% 2,441 $312K Add +7.5%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.05% 6,637 $309K No change
TRFM Aam Transformers ETF 0.05% 6,463 $308K Add +6.5%
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.05% 8,578 $307K Add +6.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.05% 1,046 $303K Add +11.8%
VSS Vanguard Ftse All Wo X-US SC 0.05% 2,114 $303K No change
VTR Ventas Inc. 0.05% 3,904 $302K New
HON Honeywell International Inc. 0.05% 1,530 $298K New
GDLC Grayscale Coindesk 5 ETF 0.05% 7,222 $298K New
SPYM Ste STR SPDR PT S&P 500 ETF 0.05% 3,688 $296K Add +19.2%
JHMD John Hancock MF Dev Intl ETF 0.05% 7,114 $295K Reduce -0.6%
SDVY First Trust Smid Cap Rising 0.05% 7,708 $295K Add +1.8%
IAU iShares Gold Trust 0.05% 3,633 $295K New
MAA Mid-America Apartment Comm 0.05% 2,116 $294K Reduce -5.2%
SCHF Schwab Intl Equity ETF 0.05% 12,113 $291K New
BKNG Booking Holdings Inc. 0.05% 54 $289K Reduce -6.9%
VT Vanguard Tot World STK ETF 0.05% 2,038 $287K Add +2.0%
UNH Unitedhealth Group Inc. 0.05% 865 $285K Reduce -25.2%
FXO First Trust Financial Alphad 0.05% 4,631 $279K Reduce -24.8%
UTG Reaves Utility Income Fund 0.05% 7,636 $279K No change
IWB iShares Russell 1000 ETF 0.05% 747 $279K Add +0.3%
DVYE iShares Emerging Markets Div 0.05% 8,909 $278K Reduce -6.8%
MO Altria Group Inc. 0.05% 4,777 $275K Add +9.8%
CGDG Cap Group Dividend Growers filed as CAPITAL GROUP DIVIDEND GROWE 0.05% 7,686 $274K Reduce -1.5%
ETH Grayscale Ethereum Staking M 0.05% 9,756 $274K New
PFF iShares Preferred & Income S 0.05% 8,813 $273K Reduce -3.6%
LAC Lithium Americas Corp. 0.05% 62,423 $272K Add +30.0%
SKYY First Trust Cloud Computing 0.04% 2,079 $270K Add +26.4%
JPIE JPMorgan Income ETF 0.04% 5,810 $269K New
AA Alcoa Corp. 0.04% 5,060 $269K New
CRM Salesforce Inc. 0.04% 1,011 $268K Reduce -3.1%
IBIT iShares Bitcoin Trust ETF 0.04% 5,384 $267K New
SHOP Shopify Inc. Class A 0.04% 1,650 $266K Reduce -0.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.04% 1,241 $263K Add +0.2%
WFC Wells Fargo & Co. 0.04% 2,811 $262K Reduce -30.2%
GWX State Street SPDR S&P Intern 0.04% 6,400 $262K Add +2.4%
CB Chubb Ltd. 0.04% 833 $260K New
PRIM Primoris Services Corp. 0.04% 2,084 $259K Add +11.6%
MET Metlife Inc. 0.04% 3,271 $258K New
MPC Marathon Petroleum Corp. 0.04% 1,586 $258K Reduce -25.8%
LMBS First Trust Low Duration Opp 0.04% 5,141 $257K New
JCI Johnson Controls Internation 0.04% 2,122 $254K Reduce -16.0%
IVE iShares S&P 500 Value ETF 0.04% 1,195 $253K Reduce -4.1%
USB US Bancorp 0.04% 4,732 $252K New
FXH First Trust Health Care Alph 0.04% 2,218 $252K New
STX Seagate Technology Holdings 0.04% 913 $251K Reduce -41.8%
FOXA Fox Corp. Class A 0.04% 3,431 $251K New
TFC Truist Financial Corp. 0.04% 5,064 $249K New
DFIV Dimensional International Va 0.04% 4,992 $249K Reduce -6.5%
CLS Celestica Inc. 0.04% 841 $249K New
CI The Cigna Group 0.04% 881 $243K Reduce -3.3%
SPYG SS SPDR P S&P 500 Growth ETF 0.04% 2,260 $241K New
EBND State Street SPDR Bloomberg 0.04% 11,091 $237K Add +2.9%
FPE FT-Preferred Secur & Inc. ETF 0.04% 12,966 $236K Reduce -4.6%
ADP Automatic Data Processing 0.04% 917 $236K Add +6.1%
FTNT Fortinet Inc. 0.04% 2,963 $235K Reduce -12.8%
HII Huntington Ingalls Industrie 0.04% 691 $235K New
IJT iShares S&P Small-Cap 600 GR 0.04% 1,659 $234K No change
TRMB Trimble Inc. 0.04% 2,986 $234K Add +0.1%
USMV iShares MSCI USA Min Vol Fac 0.04% 2,482 $234K No change
AIRR First Trust Rba American Ind 0.04% 2,352 $231K New
TT Trane Technologies PLC 0.04% 593 $231K Reduce -26.8%
SPAB SS SPDR P Agg Bond ETF 0.04% 8,949 $230K New
FEM First Trust Emerging Markets 0.04% 8,389 $229K New
IEF iShares 7-10 Year Treasury B 0.04% 2,382 $229K Reduce -5.5%
PATK Patrick Industries Inc. 0.04% 2,109 $229K Add +1.4%
CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY 0.04% 7,093 $226K New
PAHC Phibro Animal Health Corp. Class A 0.04% 6,046 $226K Add +13.0%
EPD Enterprise Products Partners 0.04% 7,043 $226K No change
AIT Applied Industrial Tech Inc. 0.04% 877 $225K Add +12.3%
TDVI FT Vest Technology Dividend 0.04% 8,036 $223K New
AGX Argan Inc. 0.04% 708 $222K Reduce -15.3%
IUSG iShares Core S&P U.S. Growth 0.04% 1,319 $222K No change
YOU Clear Secure Inc. Class A 0.04% 6,278 $220K New
AZN Astrazeneca PLC-Spons ADR 0.04% 2,394 $220K New
HYEM Vaneck Emrg MKTS Hi YLD 0.04% 11,045 $220K New
UBER Uber Technologies Inc. 0.04% 2,675 $219K Add +23.2%
TMO Thermo Fisher Scientific Inc. 0.04% 376 $218K Reduce -10.5%
VST Vistra Corp. 0.04% 1,342 $217K Reduce -35.3%
IEI iShares 3-7 Year Treasury Bo 0.04% 1,802 $215K New
GPRF Access Preferred and Hybrid 0.04% 4,244 $215K Reduce -4.0%
FIIG FT Intermed Dur Ig Corp. ETF 0.04% 10,114 $214K New
SPLV Invesco S&P 500 Low Volatili 0.04% 3,000 $214K No change
BITQ Bitwise Crypto Indu Inno ETF 0.04% 10,750 $214K New
SCHB Schwab US Broad Market ETF 0.04% 8,128 $213K No change
CVS CVS Health Corp. 0.04% 2,673 $212K New
SBUX Starbucks Corp. 0.04% 2,516 $212K Reduce -5.6%
COLL Collegium Pharmaceutical Inc. 0.03% 4,512 $209K New
SMA Smartstop Self Storage REIT 0.03% 6,746 $209K New
CGSD Cap Group Short Duration 0.03% 7,983 $208K New
EAT Brinker International Inc. 0.03% 1,431 $205K New
MPLX MPLX LP 0.03% 3,821 $204K New
RWJ Invesco S&P Smallcap 600 0.03% 4,172 $203K Add +0.1%
S Sentinelone Inc. Class A 0.03% 13,527 $203K Reduce -76.4%
NTAP Netapp Inc. 0.03% 1,872 $200K Reduce -18.5%
AHR American Healthcare REIT Inc. 0.03% 4,250 $200K Reduce -33.7%
RITM Rithm Capital Corp. 0.03% 18,259 $199K Add +1.4%
LAR Lithium Argentina AG 0.03% 34,828 $194K Reduce -3.6%
AVPT Avepoint Inc. 0.03% 13,986 $194K Add +11.4%
SMR Nuscale Power Corp. 0.03% 13,465 $191K Add +6.0%
ARLO Arlo Technologies Inc. 0.03% 13,225 $185K Add +9.9%
ACHR Archer Aviation Inc. Class A 0.03% 23,450 $176K Add +90.7%
GSOL Grayscale Solana Staking ETF 0.02% 15,175 $138K New
AVAH Aveanna Healthcare Holdings 0.02% 16,890 $138K Add +13.5%
LOOP Loop Industries Inc. 0.01% 56,574 $57K Reduce -13.5%
TETRA TECH INC (TTEK 2.25 08/15/28) 0.01% 29,000 $31K Add +45.0%
HBIO Harvard Bioscience Inc. 0.00% 10,000 $7K Reduce -14.9%
IMUX Immunic Inc. 0.00% 12,000 $6K No change
Other holdings (41): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
SecurityClassShares / PrincipalValueChange
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 26,000$97KNo change
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 19,000$87KReduce -5.0%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 26,000$42KNo change
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 26,000$40KNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 30,000$39KAdd +3.5%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 26,000$38KNo change
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal 34,000$36KAdd +17.2%
OSI SYSTEMS INC (OSIS 2.25 08/01/29) NOTE 2.250% 8/0 · principal 24,000$35KNo change
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 29,000$34KNo change
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 28,000$33KNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 32,000$33KReduce -3.0%
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 34,000$33KReduce -2.9%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 29,000$33KAdd +52.6%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 26,000$33KNo change
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal 28,000$33KAdd +3.7%
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 32,000$30KReduce -3.0%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 28,000$30KNo change
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 33,000$30KReduce -8.3%
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal 20,000$30KNew
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal 30,000$30KNo change
VAIL RESORTS INC (MTN 0 01/01/26) NOTE 1/0 · principal 30,000$29KNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 30,000$29KNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 29,000$29KNo change
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 29,000$29KNo change
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 25,000$28KReduce -3.9%
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 24,000$27KReduce -4.0%
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 25,000$27KReduce -3.9%
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 10,000$26KNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 24,000$25KReduce -7.7%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 15,000$22KNo change
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 19,000$21KReduce -5.0%
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) NOTE 4/0 · principal 15,000$21KNo change
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 16,000$20KNo change
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 21,000$20KNo change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 20,000$19KNo change
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 10,000$17KReduce -50.0%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 13,000$16KReduce -7.1%
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 11,000$15KNew
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 14,000$14KReduce -6.7%
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal 12,000$14KNo change
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 13,000$13KReduce -7.1%

Total filed on the 13F, all lines: $604.6M.

Portfolio Sells Q3 2025 → Q4 2025
NVDA Nvidia Corp. Reduce -5.6% 8.19% −0.87
MSFT Microsoft Corp. Reduce -0.2% 4.49% −0.54
IYF iShares US Financials ETF Sold out 0.00% −0.48
TSLA Tesla Inc. Reduce -1.6% 9.03% −0.43
ORCL Oracle Corp. Reduce -9.2% 0.37% −0.24
NFLX Netflix Inc. Reduce -12.6% 0.41% −0.22
ADBE Adobe Inc. Reduce -52.3% 0.15% −0.18
APP AppLovin Corp. Class A Reduce -2.7% 1.25% −0.18
VRT Vertiv Holdings Co. Class A Reduce -22.1% 0.60% −0.15
COST Costco Wholesale Corp. Reduce -3.8% 0.89% −0.15
S Sentinelone Inc. Class A Reduce -76.4% 0.03% −0.14
JNK SS SPDR BB High Yield Bond Sold out 0.00% −0.14
GLD SPDR Gold Shares Reduce -15.8% 1.14% −0.13
BTC Grayscale Bitcoin Mini ETF Reduce -7.3% 0.26% −0.12
PLTR Palantir Technologies Inc. Class A Reduce -2.3% 1.24% −0.12
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -50.4% 0.10% −0.12
SPMO Invesco S&P 500 Momentum ETF Reduce -25.6% 0.27% −0.11
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.2% 1.26% −0.11
DUOL Duolingo Sold out 0.00% −0.11
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.8% 2.34% −0.09
OMAH Vistashares TRG 15 Berkshire Reduce -29.7% 0.16% −0.08
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -53.6% 0.06% −0.08
MELI MercadoLibre Inc. Reduce -30.5% 0.10% −0.07
T AT&T Inc. Reduce -20.2% 0.13% −0.07
AMZN Amazon.com Inc. Reduce -3.5% 2.14% −0.06
CERY SS SPDR BBG En RY CM St N-Ui Reduce -41.1% 0.07% −0.05
INTU Intuit Inc. Sold out 0.00% −0.05
LNG Cheniere Energy Inc. Reduce -13.3% 0.11% −0.05
FDN First Trust DJ Internet Ind Sold out 0.00% −0.05
XYZ Block Inc. Reduce -21.2% 0.10% −0.05
TMUS T-Mobile US Inc. Sold out 0.00% −0.05
EXCHANGE TRADED CONCEPTS TRU Sold out 0.00% −0.05
O Realty Income Corp. Sold out 0.00% −0.05
ZS Zscaler Inc. Sold out 0.00% −0.05
MAXJ iShares LG Cap Max Buff Jun Reduce -9.0% 0.32% −0.04
BITB Bitwise Bitcoin ETF Sold out 0.00% −0.04
DLR Digital Realty Trust Inc. Reduce -20.3% 0.09% −0.04
LTBR Lightbridge Corp. Sold out 0.00% −0.04
CRWD CrowdStrike Holdings Inc. Class A Reduce -5.8% 0.26% −0.04
PANW Palo Alto Networks Inc. Reduce -10.3% 0.15% −0.04
DFAT Dimensional US Target Value Reduce -12.5% 0.25% −0.04
BSX Boston Scientific Corp. Sold out 0.00% −0.04
NOW ServiceNow Inc. Reduce -3.7% 0.14% −0.04
IDU iShares US Utilities ETF Reduce -1.9% 0.45% −0.04
EUAD Select Stoxx Eur Aer DE ETF Sold out 0.00% −0.04
SPOT Spotify Technology SA Sold out 0.00% −0.04
EXLS Exlservice Holdings Inc. Sold out 0.00% −0.04
GEV GE Vernova Inc. Sold out 0.00% −0.04
CVSA Covista Inc. Sold out 0.00% −0.04
TXN Texas Instruments Inc. Sold out 0.00% −0.04

Portfolio Buys Q3 2025 → Q4 2025
IYH iShares U.S. Healthcare ETF New 0.48% +0.48
FTSM First Trust Enh Short Mat FD New 0.46% +0.46
VGSH Vanguard Short-Term Treasury Add +82.3% 0.64% +0.27
DUSB Dimension Ultrashort Fi ETF New 0.25% +0.25
GOOGL Alphabet Inc. Class A Add +1.7% 1.02% +0.21
EMLC Vaneck JPM Em Local Curr BND Add +263.9% 0.26% +0.18
APLD Applied Digital Corp. New 0.14% +0.14
RMOP Rockefeller Opport Muni ETF New 0.13% +0.13
MINT PIMCO Enhanced Short Maturit New 0.11% +0.11
SPTL SS SPDR PF LNG TRM TSY E-Usd New 0.11% +0.11
ZECP Zacks Earnings Consistent Po Add +14.3% 0.96% +0.11
SCHX Schwab US Large-Cap ETF Add +91.3% 0.22% +0.10
FISR SS Fi Sector Rotation Add +48.4% 0.31% +0.09
QUIZ Zacks QLTY Inter'l Fund Add +29.2% 0.38% +0.09
BINC iShares Flex I A ETF-Usd Inc. New 0.09% +0.09
JNJ Johnson & Johnson Add +20.9% 0.35% +0.08
SCHZ Schwab US Aggregate Bond ETF New 0.08% +0.08
LRCX Lam Research Corp. New 0.08% +0.08
CGMU Cap Group Municipal Income New 0.08% +0.08
VOO Vanguard S&P 500 ETF Add +6.1% 1.91% +0.08
META Meta Platforms Inc. Class A Add +20.4% 1.96% +0.07
SPDW Ste STR SPDR PT DW Eu ETF Add +39.2% 0.23% +0.06
GILD Gilead Sciences Inc. New 0.06% +0.06
FTMS FR Short-Term Muni Inc. ETF New 0.06% +0.06
SCHA Schwab US Small-Cap ETF New 0.05% +0.05
CAH Cardinal Health Inc. New 0.05% +0.05
FEMB First Trust Emerging Markets New 0.05% +0.05
SOXX iShares Semiconductor ETF New 0.05% +0.05
SLV iShares Silver Trust Add +46.5% 0.10% +0.05
INTC Intel Corp. Add +96.7% 0.10% +0.05
VTR Ventas Inc. New 0.05% +0.05
MRK Merck & Co. Inc. Add +47.7% 0.11% +0.05
HON Honeywell International Inc. New 0.05% +0.05
GDLC Grayscale Coindesk 5 ETF New 0.05% +0.05
IAU iShares Gold Trust New 0.05% +0.05
SCHF Schwab Intl Equity ETF New 0.05% +0.05
QQQ Invesco QQQ Trust Series 1 Add +6.3% 1.16% +0.05
ETH Grayscale Ethereum Staking M New 0.05% +0.05
CAT Caterpillar Inc. Add +31.9% 0.13% +0.04
AA Alcoa Corp. New 0.04% +0.04
JPIE JPMorgan Income ETF New 0.04% +0.04
IBIT iShares Bitcoin Trust ETF New 0.04% +0.04
CB Chubb Ltd. New 0.04% +0.04
MET Metlife Inc. New 0.04% +0.04
LMBS First Trust Low Duration Opp New 0.04% +0.04
FXH First Trust Health Care Alph New 0.04% +0.04
USB US Bancorp New 0.04% +0.04
FOXA Fox Corp. Class A New 0.04% +0.04
ALB Albemarle Corp. Add +15.9% 0.09% +0.04
TFC Truist Financial Corp. New 0.04% +0.04

Options Activity Q3 2025 → Q4 2025
TESLA INC call Sold out 293,868 $294Kbefore exit
STATE STR SPDR S&P 500 ETF T put Sold out 20,000 $3Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2025 → Q4 2025
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Reduce -5.0% 19,000 $87K
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Add +3.5% 30,000 $39K
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal Add +17.2% 34,000 $36K
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Reduce -3.0% 32,000 $33K
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal Reduce -2.9% 34,000 $33K
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal Add +52.6% 29,000 $33K
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal Add +3.7% 28,000 $33K
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal Reduce -3.0% 32,000 $30K
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal Reduce -8.3% 33,000 $30K
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal New 20,000 $30K
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal Reduce -3.9% 25,000 $28K
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal Reduce -4.0% 24,000 $27K
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal Reduce -3.9% 25,000 $27K
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal Sold out 25,000 $25Kbefore exit
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal Sold out 26,000 $25Kbefore exit
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Reduce -7.7% 24,000 $25K
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal Sold out 26,000 $25Kbefore exit
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal Reduce -5.0% 19,000 $21K
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal Sold out 21,000 $19Kbefore exit
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal Reduce -50.0% 10,000 $17K
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Reduce -7.1% 13,000 $16K
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal New 11,000 $15K
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal Reduce -6.7% 14,000 $14K
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal Reduce -7.1% 13,000 $13K
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal Sold out 14,000 $13Kbefore 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