Bank of America Corp.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Bank of America Corp. reported 6,867 stock positions worth $1.12 trillion. Its top holding was Microsoft (MSFT) at 2.4% of the portfolio, followed by Apple (AAPL, 2.4%) and Nvidia (NVDA, 2.0%). Compared with Q4 2024, it opened 279 new positions, sold out of 270, added to 4,077 and reduced 2,231. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +43%) and the biggest sale iShares US Treasury Bond ETF (GOVT, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0000070858
- Portfolio Value
- $1.12T (Q1 2025)
- SEC Filing
- 0000070858-25-000229 ↗ filed May 15, 2025
Holdings Value
Holdings 6,867 stocks · $1.12T
| MSFT Microsoft Corp. | 2.44% | 73,126,133 | $27.5B | Add +7.4% |
| AAPL Apple Inc. | 2.41% | 121,955,229 | $27.1B | Add +2.7% |
| NVDA Nvidia Corp. | 2.02% | 209,820,557 | $22.7B | Add +20.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.91% | 124,303,042 | $21.5B | Add +3.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.60% | 48,535,880 | $18.0B | Add +11.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.58% | 31,843,196 | $17.8B | Add +6.8% |
| IEFA iShares Core MSCI Eafe ETF | 1.44% | 214,611,479 | $16.2B | Add +11.9% |
| AMZN Amazon.com Inc. | 1.38% | 81,753,724 | $15.6B | Add +4.8% |
| IVV iShares Core S&P 500 ETF | 1.26% | 25,314,493 | $14.2B | Add +42.5% |
| VOO Vanguard S&P 500 ETF | 1.12% | 24,557,361 | $12.6B | Add +2.7% |
| JPM JPMorgan Chase & Co. | 1.04% | 47,585,655 | $11.7B | Reduce -3.7% |
| GOOGL Alphabet Inc. Class A | 0.98% | 71,240,397 | $11.0B | Add +8.8% |
| IWF iShares Russell 1000 Growth | 0.98% | 30,446,679 | $11.0B | Reduce -0.4% |
| AVGO Broadcom Inc. | 0.95% | 64,083,838 | $10.7B | Add +4.1% |
| VEA Vanguard Ftse Developed ETF | 0.85% | 188,798,011 | $9.6B | Add +7.6% |
| IWD iShares Russell 1000 Value E | 0.85% | 50,568,567 | $9.5B | Reduce -6.5% |
| IEMG iShares Core MSCI Emerging | 0.84% | 174,132,389 | $9.4B | Add +5.8% |
| LLY Eli Lilly & Co. | 0.81% | 11,012,815 | $9.1B | Add +10.0% |
| META Meta Platforms Inc. Class A | 0.79% | 15,367,088 | $8.9B | Add +3.0% |
| XOM Exxon Mobil Corp. | 0.78% | 74,032,673 | $8.8B | Add +13.0% |
| V Visa Inc. Class A | 0.77% | 24,788,936 | $8.7B | Add +7.1% |
| VGT Vanguard Info Tech ETF | 0.76% | 15,662,403 | $8.5B | Add +2.1% |
| TLT iShares 20+ Year Treasury BD | 0.75% | 92,808,202 | $8.4B | Add +17.1% |
| GOVT iShares US Treasury Bond ETF | 0.64% | 312,744,235 | $7.2B | Reduce -26.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.64% | 15,276,140 | $7.2B | Add +14.2% |
| WMT Walmart Inc. | 0.60% | 76,649,355 | $6.7B | Add +7.6% |
| IUSV iShares Core S&P U.S. Value | 0.59% | 72,208,229 | $6.7B | Add +0.8% |
| IWM iShares Russell 2000 ETF | 0.58% | 32,613,821 | $6.5B | Reduce -1.6% |
| TSLA Tesla Inc. | 0.57% | 24,858,815 | $6.4B | Add +25.1% |
| COST Costco Wholesale Corp. | 0.56% | 6,710,789 | $6.3B | Reduce -1.6% |
| VCIT Vanguard Int-Term Corporate | 0.55% | 75,688,795 | $6.2B | Add +18.8% |
| BNDX Vanguard Total Intl Bond ETF | 0.55% | 125,747,611 | $6.1B | Add +5.9% |
| PG The Procter & Gamble Co. | 0.52% | 34,459,100 | $5.9B | Add +13.1% |
| MBB iShares MBS ETF | 0.52% | 62,533,177 | $5.9B | Reduce -17.7% |
| ABBV Abbvie Inc. | 0.52% | 27,953,530 | $5.9B | Add +10.4% |
| HD Home Depot Inc. | 0.51% | 15,510,290 | $5.7B | Add +0.9% |
| IUSG iShares Core S&P U.S. Growth | 0.49% | 43,115,342 | $5.5B | Add +9.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.47% | 24,087,584 | $5.3B | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 0.47% | 34,176,415 | $5.3B | Add +0.6% |
| IWR iShares Russell Mid-Cap ETF | 0.47% | 62,458,385 | $5.3B | Add +1.3% |
| NFLX Netflix Inc. | 0.46% | 5,493,515 | $5.1B | Add +15.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.45% | 63,901,578 | $5.0B | Add +4.7% |
| XLV SS Health Care Select Sector | 0.44% | 34,121,943 | $5.0B | Reduce -6.8% |
| VWO Vanguard Ftse Emerging Marke | 0.44% | 109,028,088 | $4.9B | Add +1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 9,196,495 | $4.9B | Add +1.7% |
| XLF SS Financial Select Sector | 0.42% | 95,706,694 | $4.8B | Add +4.3% |
| MCD McDonald's Corp. | 0.41% | 14,852,796 | $4.6B | Add +13.8% |
| JNJ Johnson & Johnson | 0.41% | 27,510,501 | $4.6B | Add +22.1% |
| UNH Unitedhealth Group Inc. | 0.40% | 8,574,601 | $4.5B | Add +10.3% |
| CVX Chevron Corp. | 0.39% | 26,354,169 | $4.4B | Add +4.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.38% | 16,625,845 | $4.3B | Add +0.4% |
| VIG Vanguard Dividend Apprec ETF | 0.38% | 21,874,924 | $4.2B | Reduce -11.6% |
| BLK BlackRock Inc. | 0.37% | 4,443,863 | $4.2B | Reduce -11.0% |
| AGG iShares Core U.S. Aggregate | 0.37% | 41,987,253 | $4.2B | Reduce -4.0% |
| PGR Progressive Corp. | 0.37% | 14,654,489 | $4.1B | Add +1.4% |
| XLC SS Comm Select Sector SPDR | 0.37% | 42,953,530 | $4.1B | Reduce -1.1% |
| PEP Pepsico Inc. | 0.36% | 27,297,864 | $4.1B | Add +15.5% |
| IJH iShares Core S&P Midcap ETF | 0.36% | 69,457,308 | $4.1B | Add +2.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.35% | 16,046,123 | $4.0B | Reduce -0.6% |
| RTX RTX Corp. | 0.34% | 29,183,945 | $3.9B | Add +13.3% |
| RSP Invesco S&P 500 Equal Weight | 0.34% | 22,212,820 | $3.8B | Add +2.6% |
| XLY SS Consumer Disc Select Sect | 0.34% | 19,479,965 | $3.8B | Add +5.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.32% | 13,174,684 | $3.6B | Add +0.1% |
| ETN Eaton Corp. PLC | 0.31% | 12,937,298 | $3.5B | Add +13.5% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 32,997,959 | $3.5B | Add +2.9% |
| VONG Vanguard Russell 1000 Growth | 0.30% | 35,789,907 | $3.3B | Add +22.9% |
| IDEV iShares Core MSCI Dev MKTS | 0.29% | 47,738,453 | $3.3B | Add +30.5% |
| GLD SPDR Gold Shares | 0.29% | 11,369,977 | $3.3B | Add +4.2% |
| COWZ Pacer US Cash Cows 100 ETF | 0.29% | 59,120,377 | $3.2B | Reduce -6.3% |
| BSX Boston Scientific Corp. | 0.28% | 31,557,054 | $3.2B | Add +14.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.28% | 17,000,309 | $3.2B | Reduce -7.9% |
| WELL Welltower Inc. | 0.28% | 20,373,504 | $3.1B | Add +8.9% |
| TXN Texas Instruments Inc. | 0.27% | 17,140,359 | $3.1B | Add +13.7% |
| MUB iShares National Muni Bond E | 0.27% | 28,842,668 | $3.0B | Reduce -6.6% |
| MA Mastercard Inc. Class A | 0.27% | 5,474,485 | $3.0B | Reduce -1.3% |
| EFA iShares MSCI Eafe ETF | 0.27% | 36,678,410 | $3.0B | Add +0.0% |
| WFC Wells Fargo & Co. | 0.26% | 41,248,543 | $3.0B | Add +36.0% |
| CSCO Cisco Systems Inc. | 0.26% | 47,519,387 | $2.9B | Add +2.3% |
| CRM Salesforce Inc. | 0.25% | 10,437,093 | $2.8B | Add +13.0% |
| MRK Merck & Co. Inc. | 0.25% | 31,084,245 | $2.8B | Reduce -14.7% |
| T AT&T Inc. | 0.25% | 97,864,796 | $2.8B | Add +86.6% |
| PANW Palo Alto Networks Inc. | 0.24% | 16,122,479 | $2.8B | Reduce -0.3% |
| ABT Abbott Laboratories | 0.24% | 20,721,508 | $2.7B | Add +10.3% |
| VFH Vanguard Financials ETF | 0.24% | 22,992,787 | $2.7B | Reduce -0.1% |
| SMH Vaneck Semiconductor ETF | 0.24% | 12,902,767 | $2.7B | Add +9.7% |
| GS Goldman Sachs Group Inc. | 0.24% | 4,991,143 | $2.7B | Add +69.1% |
| SPGI S&P Global Inc. | 0.24% | 5,339,476 | $2.7B | Add +8.2% |
| VGIT Vanguard Intermediate-Term T | 0.24% | 45,610,372 | $2.7B | Reduce -28.8% |
| WMB Williams Cos Inc. | 0.24% | 44,810,863 | $2.7B | Reduce -5.3% |
| XLK SS Technology Select Sector | 0.24% | 12,879,766 | $2.7B | Add +2.9% |
| SCHO Schwab Short-Term US Treas | 0.23% | 108,280,589 | $2.6B | Reduce -32.4% |
| HON Honeywell International Inc. | 0.23% | 12,428,620 | $2.6B | Reduce -9.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 21,565,107 | $2.6B | Add +14.2% |
| XLE SS Energy Select Sector | 0.23% | 27,812,844 | $2.6B | Reduce -16.3% |
| UNP Union Pacific Corp. | 0.23% | 10,952,375 | $2.6B | Add +7.0% |
| KO The Coca-Cola Co. | 0.23% | 35,540,733 | $2.5B | Add +20.2% |
| LOW Lowe's Cos Inc. | 0.23% | 10,888,341 | $2.5B | Add +12.4% |
| NOW ServiceNow Inc. | 0.22% | 3,161,107 | $2.5B | Add +4.6% |
| XLP SS Consumer Staples Sel Sect | 0.22% | 30,536,033 | $2.5B | Add +5.1% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.22% | 9,855,905 | $2.5B | Add +2.9% |
Options reported separately and not counted above: QQQ puts ($14.4B), SPY puts ($11.7B), IWM puts ($11.6B), NVDA puts ($5.2B), SPY calls ($4.8B), TSLA puts ($4.7B), QQQ calls ($3.5B), HYG puts ($2.2B), XLF puts ($2.0B), AAPL puts ($1.7B), AAPL calls ($1.7B), META calls ($1.6B), and 1043 more.
Other holdings (368): bonds, preferreds, convertibles and warrants · $1.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 30,949 | $37.2M | Add +0.5% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 34,105,000 | $34.0M | Add +196.8% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 386,547 | $28.3M | Reduce -50.6% |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 23,676,600 | $23.6M | Add +112.5% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 21,688,600 | $21.2M | Reduce -25.4% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 22,521,000 | $20.9M | Add +626.7% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 19,661,000 | $20.8M | Add +21.4% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 510,926 | $20.8M | Add +29.1% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 21,250,000 | $20.6M | Add +22.8% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 19,898,600 | $19.8M | Add +253.0% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 20,000,000 | $19.2M | New |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 19,815,000 | $19.2M | Reduce -2.2% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 15,371,000 | $18.7M | Add +175.2% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 13,281,000 | $18.7M | Add +137.3% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 287,409 | $18.7M | Add +18.1% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 16,544,000 | $17.9M | Add +12.5% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 12,896,700 | $17.1M | Add +167389.6% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 17,228,800 | $16.7M | Reduce -16.5% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 12,553,000 | $16.1M | Reduce -41.6% |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 17,853,600 | $16.1M | Add +19.0% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 16,698,000 | $15.7M | New |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 16,191,000 | $15.0M | Reduce -21.6% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 16,415,000 | $15.0M | Add +10.5% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 14,770,000 | $14.7M | Reduce -16.3% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 14,291,600 | $14.4M | Add +221.3% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 14,531,600 | $14.2M | Add +153.8% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 12,507,000 | $14.0M | Add +62.7% |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 13,199,000 | $13.1M | No change |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 11,361,000 | $12.6M | Reduce -29.4% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 11,785,000 | $12.6M | Reduce -29.7% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 12,452,300 | $12.3M | Reduce -6.8% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 243,385 | $11.7M | Reduce -52.2% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 9,463,200 | $11.3M | Add +77467.2% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 12,453,000 | $11.2M | Add +13.6% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 12,307,000 | $11.1M | Reduce -13.6% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 7,962,000 | $11.1M | Add +113642.9% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 12,732,600 | $11.0M | Add +209.4% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 222,282 | $10.6M | Add +25.4% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 3,081,600 | $10.6M | Reduce -8.7% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 6,166,000 | $10.6M | Reduce -21.2% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 7,453,000 | $10.5M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 9,686,000 | $10.2M | Reduce -2.4% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 9,958,000 | $10.0M | Reduce -57.7% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 10,035,000 | $9.4M | Add +37.9% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 9,355,000 | $9.1M | Add +85.3% |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 9,065,000 | $9.0M | Add +81.2% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 8,986,000 | $8.8M | Reduce -11.7% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 7,268,500 | $8.8M | Reduce -44.9% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 6,718,000 | $8.6M | Add +344.3% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,807,000 | $8.6M | Add +63.0% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 8,160,000 | $8.6M | Add +57.9% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 7,032,000 | $8.6M | Add +2132.4% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 8,563,600 | $8.4M | Reduce -21.7% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 8,327,000 | $8.2M | Add +48.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 8,056,000 | $7.7M | Add +1364.7% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 214,247 | $7.6M | Reduce -6.1% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 6,233,000 | $7.1M | Reduce -64.3% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 7,987,000 | $7.0M | Add +120.6% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 2,767,600 | $6.8M | Reduce -45.4% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 5,482,000 | $6.4M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 129,587 | $6.4M | New |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 5,279,000 | $6.4M | Reduce -25.5% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 6,519,000 | $6.1M | Reduce -11.0% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 6,952,400 | $6.1M | Add +32387.8% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 5,753,000 | $5.9M | Reduce -71.8% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 6,079,000 | $5.8M | Add +208.7% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 5,706,000 | $5.7M | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 5,542,000 | $5.7M | Reduce -62.6% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 5,984,000 | $5.3M | Add +20.5% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 4,251 | $5.2M | Add +5.9% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 6,039,000 | $5.1M | Add +0.6% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 5,500,000 | $5.1M | New |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 7,347,000 | $4.9M | Add +459.1% |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 4,791,000 | $4.8M | Add +0.7% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 4,462,000 | $4.8M | Reduce -52.7% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 5,446,000 | $4.8M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 5,369,000 | $4.7M | New |
| REDFIN CORP (RDFN 0 10/15/25) | NOTE 10/1 · principal | 4,890,000 | $4.7M | Add +389.0% |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 4,780,000 | $4.7M | Add +137.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 97,702 | $4.7M | Reduce -49.9% |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 4,299,000 | $4.6M | Add +2104.6% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 4,209,000 | $4.6M | Add +1072.4% |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 1,095,600 | $4.5M | Add +23717.4% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 7,771,000 | $4.4M | New |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 3,866,000 | $4.3M | Add +912.0% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 4,436,000 | $4.3M | Add +11.6% |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 4,607,000 | $4.2M | Reduce -17.4% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 4,964,000 | $4.2M | Reduce -50.7% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 4,360,000 | $4.2M | Add +108900.0% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 4,649,000 | $4.0M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 4,459,000 | $3.9M | Add +3811.4% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 4,118,000 | $3.8M | Reduce -3.0% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 59,893 | $3.6M | Reduce -0.6% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 2,582,000 | $3.4M | Add +42933.3% |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | 3,194,000 | $3.2M | Add +364.9% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 3,269,000 | $3.1M | Add +11.2% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 3,109,000 | $3.0M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 3,203,000 | $3.0M | Add +414.1% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 3,000,000 | $3.0M | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 3,304,000 | $2.9M | Reduce -74.4% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 3,042,600 | $2.8M | Add +33.7% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 2,965,000 | $2.8M | Add +14.4% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 2,662,000 | $2.7M | Add +29477.8% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 2,531,400 | $2.7M | Reduce -73.8% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 96,782 | $2.7M | Reduce -60.0% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 2,568,000 | $2.7M | Add +3676.5% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 1,802,000 | $2.7M | Reduce -29.4% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 2,520,000 | $2.6M | Reduce -9.0% |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 2,262,000 | $2.6M | Reduce -60.8% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,580,000 | $2.5M | Reduce -56.4% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 1,030,000 | $2.5M | Add +20500.0% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 2,017,000 | $2.4M | Reduce -59.7% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 2,265,000 | $2.4M | New |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 2,685,000 | $2.3M | Add +0.9% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 2,087,000 | $2.3M | Reduce -53.0% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 2,553,000 | $2.3M | Reduce -83.4% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 2,368,200 | $2.3M | Add +617.2% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 2,300,000 | $2.2M | Reduce -55.1% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 1,799,000 | $2.1M | Add +1793.7% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 828,000 | $2.0M | Add +347.6% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 2,050,600 | $2.0M | Reduce -72.9% |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 1,795,000 | $1.8M | Reduce -62.6% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 1,817,000 | $1.8M | Add +2.4% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 1,840,000 | $1.7M | Reduce -8.0% |
| NEOGENOMICS INC (NEO 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 1,667,000 | $1.7M | No change |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 694,600 | $1.6M | Reduce -23.1% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 1,600,600 | $1.6M | Add +266666.7% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 1,176,000 | $1.5M | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 27,896 | $1.5M | Reduce -91.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 82,259 | $1.4M | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 1,260,000 | $1.3M | Add +307.8% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 1,229,000 | $1.3M | Reduce -68.6% |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,390,000 | $1.3M | Reduce -42.8% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 28,069 | $1.3M | Reduce -85.3% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 1,536,000 | $1.2M | Add +1948.0% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 1,298,000 | $1.2M | Reduce -58.4% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 1,222,400 | $1.2M | Reduce -66.7% |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 1,529,000 | $1.2M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 24,750 | $1.1M | Add +1137.5% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 1,097,000 | $1.0M | New |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 1,031,000 | $1.0M | Reduce -49.2% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 1,111,200 | $1.0M | Add +277.7% |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 754,000 | $1.0M | New |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | 1,066,000 | $998K | Add +0.2% |
| PAGERDUTY INC. (PD 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | 1,000,000 | $980K | No change |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 993,000 | $947K | Add +43.3% |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 943,000 | $922K | Reduce -65.6% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 1,074,000 | $873K | Reduce -81.3% |
| BANDWIDTH INC (BAND 0.25 03/01/26) | NOTE 0.250% 3/0 · principal | 945,000 | $865K | Add +139.2% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 28,556 | $857K | Add +39.2% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 617,000 | $856K | Reduce -62.0% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 3,846,000 | $827K | Add +151.5% |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 3,215,000 | $767K | Add +256.0% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 683,600 | $765K | Reduce -54.0% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 726,000 | $741K | Reduce -78.4% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 570,000 | $724K | Add +26.7% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 733,000 | $705K | Add +3972.2% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 648,000 | $650K | Add +1561.5% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 560,000 | $591K | Reduce -28.2% |
| AMJB Alerian MLP ETN2044 | CAL LKD 44 · principal | 1,811,746 | $588K | New |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 430,000 | $502K | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 365,000 | $481K | Reduce -86.6% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 19,620 | $479K | Add +0.1% |
| BLOOM ENERGY CORP (BE 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 372,000 | $462K | Add +104.4% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 425,000 | $440K | Reduce -95.1% |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 398,000 | $423K | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 399,800 | $401K | Add +2430.4% |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 429,000 | $400K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 398,000 | $392K | Add +3880.0% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 8,027 | $391K | Reduce -64.5% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 436,000 | $381K | Add +85.5% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 244,000 | $296K | Reduce -92.1% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 315,000 | $293K | Reduce -86.4% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 7,583 | $283K | No change |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 342,000 | $282K | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4 12/15/25 *) | DEB 4.000%12/1 · principal | 270,000 | $270K | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 250,000 | $258K | No change |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 233,000 | $226K | No change |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 2,000,000 | $220K | No change |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 189,000 | $218K | Reduce -91.0% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 143,600 | $203K | Reduce -90.5% |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 200,000 | $199K | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 11,534 | $198K | New |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 200,000 | $190K | No change |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 2,000,000 | $180K | New |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 2,077 | $174K | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 166,000 | $162K | New |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 50,000 | $158K | Reduce -58.3% |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 30,046 | $153K | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 145,000 | $137K | New |
| DJP Ipath Bloomberg Commodity Inc. | DJUBS CMDT ETN36 · principal | 349,113 | $123K | Add +5.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 137,200 | $116K | Add +2538.5% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 4,580 | $106K | New |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 41,600 | $97K | Add +383.7% |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 100,000 | $95K | Reduce -96.8% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 84,000 | $80K | New |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 81,000 | $78K | Reduce -78.8% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 80,000 | $76K | New |
| CAMTEK LTD/ISRAEL (CAMT 0 12/01/26) | NOTE 12/0 · principal | 63,000 | $76K | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 85,000 | $71K | New |
Largest 200 of 368 shown.
Total filed on the 13F, all lines: $1.13T.
Portfolio Sells Q4 2024 → Q1 2025
| GOVT iShares US Treasury Bond ETF | Reduce -26.2% | 0.64% | −0.26 |
| IWF iShares Russell 1000 Growth | Reduce -0.4% | 0.98% | −0.16 |
| MBB iShares MBS ETF | Reduce -17.7% | 0.52% | −0.12 |
| SCHO Schwab Short-Term US Treas | Reduce -32.4% | 0.23% | −0.12 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -81.4% | 0.03% | −0.12 |
| VGIT Vanguard Intermediate-Term T | Reduce -28.8% | 0.24% | −0.10 |
| BLK BlackRock Inc. | Reduce -11.0% | 0.37% | −0.10 |
| IWM iShares Russell 2000 ETF | Reduce -1.6% | 0.58% | −0.10 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -28.2% | 0.22% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -14.7% | 0.25% | −0.09 |
| IWD iShares Russell 1000 Value E | Reduce -6.5% | 0.85% | −0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.9% | 0.47% | −0.08 |
| SCHA Schwab US Small-Cap ETF | Reduce -61.0% | 0.04% | −0.07 |
| VIG Vanguard Dividend Apprec ETF | Reduce -11.6% | 0.38% | −0.07 |
| ZTS Zoetis Inc. | Reduce -36.3% | 0.11% | −0.07 |
| DLR Digital Realty Trust Inc. | Reduce -19.5% | 0.10% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -3.7% | 1.04% | −0.06 |
| DHI D.R. Horton Inc. | Reduce -53.4% | 0.04% | −0.06 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -7.9% | 0.28% | −0.06 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -33.8% | 0.07% | −0.06 |
| HON Honeywell International Inc. | Reduce -9.8% | 0.23% | −0.05 |
| TGT Target Corp. | Reduce -23.4% | 0.07% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Reduce -35.0% | 0.08% | −0.05 |
| CSX CSX Corp. | Reduce -43.8% | 0.04% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -22.5% | 0.12% | −0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -6.3% | 0.29% | −0.04 |
| VRT Vertiv Holdings Co. Class A | Reduce -8.4% | 0.05% | −0.04 |
| AXP American Express Co. | Reduce -8.3% | 0.16% | −0.04 |
| EMR Emerson Electric Co. | Reduce -4.9% | 0.17% | −0.04 |
| KMI Kinder Morgan Inc. | Reduce -22.6% | 0.13% | −0.04 |
| MUB iShares National Muni Bond E | Reduce -6.6% | 0.27% | −0.03 |
| XLE SS Energy Select Sector | Reduce -16.3% | 0.23% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -4.5% | 0.09% | −0.03 |
| BND Vanguard Total Bond Market | Reduce -17.8% | 0.12% | −0.03 |
| KHC The Kraft Heinz Co. | Reduce -61.2% | 0.02% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -21.8% | 0.09% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -0.3% | 0.24% | −0.03 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -30.7% | 0.05% | −0.03 |
| SYF Synchrony Financial | Reduce -18.1% | 0.05% | −0.03 |
| ADBE Adobe Inc. | Reduce -0.4% | 0.12% | −0.02 |
| XBI SS SPDR S&P Biotech ETF | Reduce -24.1% | 0.05% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -4.0% | 0.37% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -6.8% | 0.44% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -11.6% | 0.14% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -4.7% | 0.12% | −0.02 |
| IPG Interpublic Group of Cos Inc. | Reduce -78.6% | 0.01% | −0.02 |
| INTU Intuit Inc. | Reduce -15.0% | 0.09% | −0.02 |
| SNDK Sandisk Corp. | Reduce -91.3% | 0.00% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -1.1% | 0.37% | −0.02 |
| HPQ HP Inc. | Reduce -10.4% | 0.06% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Add +42.5% | 1.26% | +0.30 |
| IEFA iShares Core MSCI Eafe ETF | Add +11.9% | 1.44% | +0.20 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +338.9% | 0.18% | +0.14 |
| T AT&T Inc. | Add +86.6% | 0.25% | +0.14 |
| XOM Exxon Mobil Corp. | Add +13.0% | 0.78% | +0.13 |
| TLT iShares 20+ Year Treasury BD | Add +17.1% | 0.75% | +0.11 |
| ABBV Abbvie Inc. | Add +10.4% | 0.52% | +0.10 |
| JNJ Johnson & Johnson | Add +22.1% | 0.41% | +0.10 |
| V Visa Inc. Class A | Add +7.1% | 0.77% | +0.10 |
| LLY Eli Lilly & Co. | Add +10.0% | 0.81% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +69.1% | 0.24% | +0.09 |
| SPHY SS SPDR P High Yield ETF | Add +2697.3% | 0.09% | +0.08 |
| VCIT Vanguard Int-Term Corporate | Add +18.8% | 0.55% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +7.6% | 0.85% | +0.08 |
| USHY iShares Broad Usd High Yield | Add +509.1% | 0.09% | +0.08 |
| C Citigroup Inc. | Add +60.9% | 0.21% | +0.07 |
| IDEV iShares Core MSCI Dev MKTS | Add +30.5% | 0.29% | +0.07 |
| RTX RTX Corp. | Add +13.3% | 0.34% | +0.07 |
| SPOT Spotify Technology SA | Add +114.2% | 0.11% | +0.07 |
| WFC Wells Fargo & Co. | Add +36.0% | 0.26% | +0.07 |
| AZN Astrazeneca PLC-Spons ADR | Add +32.5% | 0.21% | +0.06 |
| MCD McDonald's Corp. | Add +13.8% | 0.41% | +0.06 |
| SGOV iShares 0-3 Month Treasury B | Add +216.3% | 0.09% | +0.06 |
| NFLX Netflix Inc. | Add +15.0% | 0.46% | +0.06 |
| HYLB Xtrackers Usd High Yield Cor | Add +2515.0% | 0.06% | +0.06 |
| WELL Welltower Inc. | Add +8.9% | 0.28% | +0.06 |
| BNY Bank of New York Mellon Corp. | Add +147.8% | 0.09% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.7% | 0.44% | +0.06 |
| KO The Coca-Cola Co. | Add +20.2% | 0.23% | +0.06 |
| BSX Boston Scientific Corp. | Add +14.8% | 0.28% | +0.06 |
| CVX Chevron Corp. | Add +4.1% | 0.39% | +0.05 |
| AMGN Amgen Inc. | Add +32.7% | 0.14% | +0.05 |
| PG The Procter & Gamble Co. | Add +13.1% | 0.52% | +0.05 |
| PGR Progressive Corp. | Add +1.4% | 0.37% | +0.05 |
| ABT Abbott Laboratories | Add +10.3% | 0.24% | +0.05 |
| GLD SPDR Gold Shares | Add +4.2% | 0.29% | +0.05 |
| IQLT iShares MSCI International Q | Add +162.3% | 0.07% | +0.05 |
| PM Philip Morris International | Add +0.2% | 0.21% | +0.04 |
| ELV Elevance Health Inc. | Add +66.3% | 0.09% | +0.04 |
| IEMG iShares Core MSCI Emerging | Add +5.8% | 0.84% | +0.04 |
| HCA HCA Healthcare Inc. | Add +46.7% | 0.10% | +0.04 |
| USIG iShares Broad Usd Investment | Add +27.8% | 0.19% | +0.04 |
| ICE Intercontinental Exchange Inc. | Add +12.1% | 0.19% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +10.3% | 0.40% | +0.04 |
| LYV Live Nation Entertainment Inc. | Add +271.1% | 0.05% | +0.04 |
| SYK Stryker Corp. | Add +35.0% | 0.13% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Add +18.4% | 0.12% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | Add +8.7% | 0.09% | +0.03 |
| GILD Gilead Sciences Inc. | Add +3.6% | 0.18% | +0.03 |
| PEP Pepsico Inc. | Add +15.5% | 0.36% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -9.8% | 30,809,600 | $14.4B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +74.8% | 20,848,200 | $11.7B |
| IWM iShares Russell 2000 ETF | put | Add +81.4% | 58,392,900 | $11.6B |
| NVDA Nvidia Corp. | put | Add +10.3% | 47,932,508 | $5.2B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +52.6% | 8,504,300 | $4.8B |
| TSLA Tesla Inc. | put | Add +104.2% | 18,217,119 | $4.7B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -10.2% | 7,453,300 | $3.5B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -12.3% | 28,093,600 | $2.2B |
| XLF SS Financial Select Sector | put | Add +28.6% | 40,760,200 | $2.0B |
| AAPL Apple Inc. | put | Add +16.8% | 7,856,800 | $1.7B |
| AAPL Apple Inc. | call | Reduce -68.6% | 7,772,700 | $1.7B |
| META Meta Platforms Inc. Class A | call | Add +31.7% | 2,773,182 | $1.6B |
| NVDA Nvidia Corp. | call | Reduce -23.2% | 13,896,433 | $1.5B |
| XLF SS Financial Select Sector | call | Add +9.0% | 28,063,600 | $1.4B |
| IWM iShares Russell 2000 ETF | call | Add +26.5% | 6,793,600 | $1.4B |
| MSFT Microsoft Corp. | put | Add +186.9% | 3,046,200 | $1.1B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Reduce -3.9% | 14,075,000 | $1.1B |
| AMZN Amazon.com Inc. | put | Add +30.9% | 5,790,900 | $1.1B |
| AVGO Broadcom Inc. | put | Add +114.3% | 6,445,900 | $1.1B |
| GLD SPDR Gold Shares | call | Add +12.4% | 3,654,900 | $1.1B |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Add +318.5% | 9,206,500 | $1.0B |
| META Meta Platforms Inc. Class A | put | Add +173.7% | 1,727,700 | $995.8M |
| TLT iShares 20+ Year Treasury BD | call | Add +76.7% | 10,550,200 | $960.4M |
| TLT iShares 20+ Year Treasury BD | put | Reduce -38.7% | 8,590,300 | $782.0M |
| XLE SS Energy Select Sector | put | Add +35.3% | 7,552,500 | $705.8M |
| TSLA Tesla Inc. | call | Reduce -56.2% | 2,595,150 | $672.6M |
| EWZ iShares MSCI Brazil ETF | put | Add +86.5% | 23,560,000 | $609.0M |
| GOOGL Alphabet Inc. Class A | put | Add +23.2% | 3,699,700 | $572.1M |
| AVGO Broadcom Inc. | call | Add +43.0% | 3,325,800 | $556.8M |
| MU Micron Technology Inc. | call | Add +384.9% | 6,339,400 | $550.8M |
| MSFT Microsoft Corp. | call | Reduce -31.7% | 1,462,563 | $549.0M |
| AMZN Amazon.com Inc. | call | Reduce -15.5% | 2,664,745 | $507.0M |
| ORCL Oracle Corp. | call | Add +1028.0% | 3,468,500 | $484.9M |
| GDX Vaneck Gold Miners ETF | call | Add +266.1% | 10,463,400 | $481.0M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | Add +28.7% | 4,375,000 | $475.5M |
| FXI iShares China Large-Cap ETF | put | Add +4.4% | 12,861,000 | $460.9M |
| CVX Chevron Corp. | call | Add +390.2% | 2,637,200 | $441.2M |
| EEM iShares MSCI Emerging Market | call | Reduce -54.5% | 10,004,300 | $437.2M |
| LLY Eli Lilly & Co. | put | Add +47.5% | 521,000 | $430.3M |
| C Citigroup Inc. | put | Add +33.0% | 5,423,900 | $385.0M |
| LLY Eli Lilly & Co. | call | Add +38.6% | 443,600 | $366.4M |
| FXI iShares China Large-Cap ETF | call | Add +44.5% | 10,086,900 | $361.5M |
| EXE Expand Energy Corp. | put | Add +20.0% | 3,030,000 | $337.3M |
| AMD Advanced Micro Devices | put | Add +12.8% | 3,261,400 | $335.1M |
| BTCL T-Rex 2X Long Bitcoin Daily | put | Sold out | 6,466,200 | $314.5Mbefore exit |
| SLV iShares Silver Trust | call | Add +173.6% | 9,863,000 | $305.7M |
| SMH Vaneck Semiconductor ETF | put | Reduce -74.5% | 1,420,700 | $300.4M |
| PFE Pfizer Inc. | put | Add +113.2% | 11,758,700 | $298.0M |
| CRM Salesforce Inc. | put | Add +48.4% | 1,049,300 | $281.6M |
| C Citigroup Inc. | call | Reduce -20.5% | 3,870,100 | $274.7M |
Showing the first 50 of 1,178.
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
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.5% | 30,949 | $37.2M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +196.8% | 34,105,000 | $34.0M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -50.6% | 386,547 | $28.3M |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | Add +112.5% | 23,676,600 | $23.6M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -25.4% | 21,688,600 | $21.2M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +626.7% | 22,521,000 | $20.9M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +21.4% | 19,661,000 | $20.8M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +29.1% | 510,926 | $20.8M |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | Add +22.8% | 21,250,000 | $20.6M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Add +253.0% | 19,898,600 | $19.8M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Sold out | 7,643,000 | $19.2Mbefore exit |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | New | 20,000,000 | $19.2M |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | Reduce -2.2% | 19,815,000 | $19.2M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +175.2% | 15,371,000 | $18.7M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Add +137.3% | 13,281,000 | $18.7M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Add +18.1% | 287,409 | $18.7M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +12.5% | 16,544,000 | $17.9M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Add +167389.6% | 12,896,700 | $17.1M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Reduce -16.5% | 17,228,800 | $16.7M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -41.6% | 12,553,000 | $16.1M |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | Add +19.0% | 17,853,600 | $16.1M |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Sold out | 17,573,000 | $16.0Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 16,698,000 | $15.7M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Reduce -21.6% | 16,191,000 | $15.0M |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Add +10.5% | 16,415,000 | $15.0M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Reduce -16.3% | 14,770,000 | $14.7M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Add +221.3% | 14,291,600 | $14.4M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Add +153.8% | 14,531,600 | $14.2M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +62.7% | 12,507,000 | $14.0M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Reduce -29.4% | 11,361,000 | $12.6M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -29.7% | 11,785,000 | $12.6M |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Sold out | 12,999,000 | $12.5Mbefore exit |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Reduce -6.8% | 12,452,300 | $12.3M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -52.2% | 243,385 | $11.7M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +77467.2% | 9,463,200 | $11.3M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Add +13.6% | 12,453,000 | $11.2M |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | Reduce -13.6% | 12,307,000 | $11.1M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +113642.9% | 7,962,000 | $11.1M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +209.4% | 12,732,600 | $11.0M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +25.4% | 222,282 | $10.6M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -8.7% | 3,081,600 | $10.6M |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | Reduce -21.2% | 6,166,000 | $10.6M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 7,453,000 | $10.5M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Reduce -2.4% | 9,686,000 | $10.2M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Reduce -57.7% | 9,958,000 | $10.0M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Sold out | 9,650,000 | $10.0Mbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Add +37.9% | 10,035,000 | $9.4M |
| LIVE NATION ENTERTAINMEN (LYV 2 02/15/25) | NOTE 2.000% 2/1 · principal | Sold out | 7,516,200 | $9.2Mbefore exit |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +85.3% | 9,355,000 | $9.1M |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | Add +81.2% | 9,065,000 | $9.0M |
Showing the first 50 of 346.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 5,501 | $1.55T | NVDA, AAPL, VTV, VUG, MSFT |
| Q1 2026 | 5,521 | $1.37T | NVDA, AAPL, MSFT, VTV, VUG |
| Q4 2025 | 6,948 | $1.37T | MSFT, NVDA, AAPL, VTV, VUG |
| Q3 2025Amended | 6,903 | $1.33T | MSFT, NVDA, AAPL, VTV, VUG |
| Q2 2025 | 6,952 | $1.24T | MSFT, NVDA, AAPL, VTV, VUG |
| Q1 2025 | 6,867 | $1.12T | MSFT, AAPL, NVDA, VTV, VUG |
| Q4 2024 | 6,857 | $1.08T | AAPL, MSFT, NVDA, VTV, VUG |
| Q3 2024Amended | 6,844 | $1.14T | MSFT, NVDA, AAPL, VTV, SPY |
| Q2 2024 | 6,915 | $1.04T | MSFT, AAPL, NVDA, VTV, AMZN |
| Q1 2024Amended | 6,402 | $1.01T | MSFT, AAPL, VTV, NVDA, AMZN |