Barclays PLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed March 17, 2026), Barclays PLC reported 4,307 stock positions worth $219.7 billion. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Apple (AAPL, 4.6%) and Nvidia (NVDA, 4.3%). Compared with Q4 2024, it opened 250 new positions, sold out of 182, added to 1,228 and reduced 2,587. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +182%) and the biggest sale Honeywell International (HON, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0000312069
- Portfolio Value
- $219.7B (Q1 2025)
- SEC Filing
- 0000312069-26-000079 ↗ filed Mar 17, 2026
Holdings Value
Holdings 4,307 stocks · $219.7B
| MSFT Microsoft Corp. | 4.72% | 27,620,077 | $10.4B | Add +6.8% |
| AAPL Apple Inc. | 4.59% | 45,437,911 | $10.1B | Add +17.5% |
| NVDA Nvidia Corp. | 4.35% | 88,134,587 | $9.6B | Add +8.0% |
| AMZN Amazon.com Inc. | 3.49% | 40,275,307 | $7.7B | Add +13.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.59% | 10,152,841 | $5.7B | Add +182.2% |
| TSLA Tesla Inc. | 2.19% | 18,535,923 | $4.8B | Add +40.4% |
| GOOGL Alphabet Inc. Class A | 1.93% | 27,472,272 | $4.2B | Add +42.7% |
| V Visa Inc. Class A | 1.91% | 11,989,722 | $4.2B | Add +9.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.91% | 7,865,341 | $4.2B | Add +10.4% |
| META Meta Platforms Inc. Class A | 1.82% | 6,952,286 | $4.0B | Add +12.6% |
| HON Honeywell International Inc. | 1.49% | 15,500,507 | $3.3B | Reduce -28.1% |
| JPM JPMorgan Chase & Co. | 1.35% | 12,059,533 | $3.0B | Add +50.6% |
| AVGO Broadcom Inc. | 1.14% | 14,988,874 | $2.5B | Add +16.0% |
| UNH Unitedhealth Group Inc. | 1.01% | 4,256,797 | $2.2B | Add +8.9% |
| MA Mastercard Inc. Class A | 1.00% | 4,003,352 | $2.2B | Add +100.1% |
| GOOG Alphabet Inc. Class C | 0.98% | 13,806,783 | $2.2B | Add +18.8% |
| AMD Advanced Micro Devices | 0.68% | 14,479,703 | $1.5B | Add +18.2% |
| LLY Eli Lilly & Co. | 0.67% | 1,774,367 | $1.5B | Add +13.1% |
| COST Costco Wholesale Corp. | 0.63% | 1,469,538 | $1.4B | Add +2.4% |
| NFLX Netflix Inc. | 0.62% | 1,471,801 | $1.4B | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 0.60% | 11,002,114 | $1.3B | Add +63.8% |
| INTU Intuit Inc. | 0.55% | 1,967,261 | $1.2B | Add +39.5% |
| LIN Linde PLC | 0.54% | 2,565,004 | $1.2B | Reduce -11.8% |
| ABBV Abbvie Inc. | 0.53% | 5,589,266 | $1.2B | Add +95.4% |
| ADBE Adobe Inc. | 0.53% | 3,014,824 | $1.2B | Add +0.7% |
| CSCO Cisco Systems Inc. | 0.51% | 17,988,058 | $1.1B | Add +20.9% |
| WFC Wells Fargo & Co. | 0.48% | 14,819,053 | $1.1B | Add +80.9% |
| MCD McDonald's Corp. | 0.48% | 3,382,727 | $1.1B | Add +3.6% |
| GS Goldman Sachs Group Inc. | 0.47% | 1,901,338 | $1.0B | Add +0.3% |
| NOW ServiceNow Inc. | 0.47% | 1,284,562 | $1.0B | Add +15.6% |
| CRM Salesforce Inc. | 0.46% | 3,802,669 | $1.0B | Add +12.2% |
| CRH CRH PLC | 0.46% | 11,424,587 | $1.0B | Add +189.0% |
| PG The Procter & Gamble Co. | 0.45% | 5,792,897 | $987.2M | Reduce -7.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 23,437,265 | $978.0M | Add +5.9% |
| HD Home Depot Inc. | 0.44% | 2,608,015 | $955.8M | Reduce -6.7% |
| QCOM Qualcomm Inc. | 0.43% | 6,191,419 | $951.1M | Add +22.9% |
| TXN Texas Instruments Inc. | 0.43% | 5,237,855 | $941.2M | Add +5.0% |
| TMUS T-Mobile US Inc. | 0.41% | 3,393,271 | $905.0M | Add +10.7% |
| JNJ Johnson & Johnson | 0.41% | 5,408,160 | $896.9M | Add +16.6% |
| IWM iShares Russell 2000 ETF | 0.39% | 4,339,605 | $865.7M | Add +83.3% |
| ISRG Intuitive Surgical Inc. | 0.39% | 1,738,139 | $860.8M | Add +15.9% |
| AXP American Express Co. | 0.37% | 3,020,665 | $812.7M | Add +35.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 3,254,350 | $809.2M | Add +8.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.37% | 4,839,626 | $803.4M | Reduce -2.6% |
| WMT Walmart Inc. | 0.37% | 9,146,441 | $803.0M | Add +3.4% |
| AMGN Amgen Inc. | 0.36% | 2,559,595 | $797.4M | Add +29.1% |
| AZO AutoZone Inc. | 0.35% | 200,904 | $766.0M | Add +18.0% |
| T AT&T Inc. | 0.34% | 26,592,250 | $752.0M | Add +104.5% |
| PEP Pepsico Inc. | 0.34% | 4,963,818 | $744.3M | Add +13.1% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 1,495,603 | $744.2M | Add +15.0% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 8,392,559 | $708.3M | Add +22.2% |
| MS Morgan Stanley | 0.32% | 6,010,844 | $701.3M | Add +138.7% |
| ORCL Oracle Corp. | 0.32% | 5,014,765 | $701.1M | Add +109.2% |
| CVX Chevron Corp. | 0.31% | 4,097,690 | $685.5M | Add +26.2% |
| SHW The Sherwin-Williams Co. | 0.31% | 1,929,072 | $673.6M | Reduce -7.0% |
| INTC Intel Corp. | 0.31% | 29,591,959 | $672.0M | Reduce -12.5% |
| DHR Danaher Corp. | 0.30% | 3,241,579 | $664.5M | Add +33.8% |
| PANW Palo Alto Networks Inc. | 0.30% | 3,891,621 | $664.1M | Add +27.3% |
| ABT Abbott Laboratories | 0.30% | 4,891,616 | $648.9M | Add +90.3% |
| BLK BlackRock Inc. | 0.29% | 679,425 | $643.1M | Add +129.7% |
| BX Blackstone Inc. | 0.29% | 4,578,993 | $640.1M | Add +225.5% |
| GILD Gilead Sciences Inc. | 0.29% | 5,604,265 | $628.0M | Add +27.4% |
| KO The Coca-Cola Co. | 0.29% | 8,764,528 | $627.7M | Reduce -9.8% |
| VLO Valero Energy Corp. | 0.28% | 4,706,735 | $621.6M | Add +0.1% |
| PGR Progressive Corp. | 0.28% | 2,178,177 | $616.4M | Add +78.8% |
| CCI Crown Castle Inc. | 0.27% | 5,618,405 | $585.6M | Add +8.2% |
| SBUX Starbucks Corp. | 0.27% | 5,941,884 | $582.8M | Reduce -3.2% |
| CL Colgate-Palmolive Co. | 0.26% | 6,056,079 | $567.5M | Add +27.9% |
| BSX Boston Scientific Corp. | 0.25% | 5,535,753 | $558.4M | Add +25.4% |
| BKNG Booking Holdings Inc. | 0.25% | 120,207 | $553.8M | Add +24.9% |
| XLE SS Energy Select Sector | 0.25% | 5,881,142 | $549.6M | Add +324.7% |
| ACN Accenture PLC Class A | 0.25% | 1,756,839 | $548.2M | Add +19.7% |
| VZ Verizon Communications Inc. | 0.25% | 11,919,097 | $540.7M | Add +26.3% |
| AMAT Applied Materials Inc. | 0.25% | 3,714,593 | $539.1M | Add +20.4% |
| MU Micron Technology Inc. | 0.24% | 6,114,816 | $531.3M | Add +4.0% |
| CHTR Charter Communications Inc. Class A | 0.24% | 1,436,131 | $529.3M | Reduce -2.5% |
| TLT iShares 20+ Year Treasury BD | 0.24% | 5,797,342 | $527.7M | Add +429.7% |
| CMCSA Comcast Corp. Class A | 0.24% | 14,281,026 | $527.0M | Add +34.2% |
| MRK Merck & Co. Inc. | 0.24% | 5,856,852 | $525.7M | Reduce -9.4% |
| C Citigroup Inc. | 0.24% | 7,387,942 | $524.5M | Add +39.3% |
| CB Chubb Ltd. | 0.24% | 1,723,960 | $520.6M | Add +11.5% |
| MRSH Marsh & McLennan Cos | 0.24% | 2,118,514 | $517.0M | Reduce -15.3% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 8,380,300 | $511.1M | Add +80.7% |
| ADI Analog Devices Inc. | 0.23% | 2,529,820 | $510.2M | Add +0.7% |
| FTNT Fortinet Inc. | 0.23% | 5,261,228 | $506.4M | Reduce -11.3% |
| FLUT Flutter Entertainment PLC-Di | 0.23% | 2,284,120 | $506.0M | Add +116.6% |
| WM Waste Management Inc. | 0.23% | 2,146,924 | $497.0M | Add +12.7% |
| ROP Roper Technologies Inc. | 0.23% | 842,730 | $496.9M | Add +12.9% |
| SPGI S&P Global Inc. | 0.23% | 976,504 | $496.2M | Add +22.7% |
| RTX RTX Corp. | 0.23% | 3,733,678 | $494.6M | Add +23.8% |
| SU Suncor Energy Inc. | 0.22% | 12,642,277 | $489.5M | Add +19.2% |
| GPN Global Payments Inc. | 0.22% | 4,991,152 | $488.7M | Add +148.6% |
| ADP Automatic Data Processing | 0.22% | 1,589,709 | $485.7M | Reduce -3.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.22% | 4,914,202 | $485.0M | Add +16.5% |
| PM Philip Morris International | 0.22% | 2,995,531 | $475.5M | Add +11.8% |
| BR Broadridge Financial Solutio | 0.21% | 1,930,954 | $468.2M | Add +17.1% |
| LRCX Lam Research Corp. | 0.21% | 6,389,431 | $464.5M | Reduce -8.0% |
| LOW Lowe's Cos Inc. | 0.21% | 1,990,847 | $464.3M | Add +62.8% |
| LBRDK Liberty Broadband-C | 0.21% | 5,429,905 | $461.8M | Reduce -16.1% |
| COP Conocophillips | 0.21% | 4,393,201 | $461.4M | Reduce -7.0% |
Options reported separately and not counted above: SPY puts ($49.0B), QQQ puts ($17.2B), SPY calls ($8.1B), IWM puts ($7.2B), QQQ calls ($5.9B), V puts ($3.1B), IWM calls ($2.9B), HYG puts ($1.9B), TLT calls ($1.4B), XLE puts ($1.3B), TSLA puts ($1.3B), NVDA calls ($1.2B), and 718 more.
Other holdings (203): bonds, preferreds, convertibles and warrants · $317.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 12,526,000 | $16.1M | Add +10.3% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 12,677,000 | $14.2M | Add +137.2% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 2,589,846 | $11.4M | Add +9.5% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 10,909,000 | $10.4M | Add +58.0% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 8,624,000 | $8.7M | Add +331.6% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 6,378,000 | $8.4M | Add +973.7% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 9,314,000 | $8.3M | Reduce -1.1% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,759,000 | $8.2M | Reduce -25.2% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 8,112,000 | $8.1M | Add +421.7% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 8,199,000 | $8.0M | Add +51.3% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 162,343 | $7.8M | Add +559.5% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 6,267,000 | $7.6M | Add +589.4% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 6,373,000 | $6.3M | Add +15.1% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 6,699,000 | $6.3M | Add +8.9% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 124,674 | $6.0M | Reduce -50.8% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 4,061,000 | $5.6M | Add +123.5% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 76,666 | $5.6M | Reduce -41.2% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 5,734,000 | $5.5M | Add +20.5% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 4,968,000 | $5.1M | Add +2660.0% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 4,130,000 | $4.9M | Reduce -0.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 3,595,000 | $4.8M | Add +27.5% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 4,063,000 | $4.7M | Reduce -4.2% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 3,858,000 | $4.5M | Add +42.2% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 74,510 | $4.5M | Reduce -67.2% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 92,383 | $4.4M | Reduce -29.5% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 4,139,000 | $4.3M | Add +21.3% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 86,420 | $4.3M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 4,603,000 | $4.0M | Add +101.0% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 3,662,000 | $4.0M | Reduce -52.0% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 64,601 | $3.5M | Reduce -23.9% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 3,018,000 | $3.5M | New |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 3,327,000 | $3.5M | Add +79.3% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 1,463,000 | $3.4M | Reduce -39.2% |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 827,000 | $3.4M | Add +2406.1% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 3,044,000 | $3.4M | Reduce -67.1% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 3,284,000 | $3.2M | Add +1291.5% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 4,095,000 | $3.0M | Add +2443.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 81,478 | $2.9M | Add +2.6% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 2,970,000 | $2.8M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 2,638,000 | $2.7M | Reduce -24.5% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,331,000 | $2.7M | Add +19.7% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 1,904,000 | $2.7M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 2,472,000 | $2.6M | Reduce -28.7% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,397,000 | $2.5M | New |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 1,071,000 | $2.5M | Add +107.6% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,917,000 | $2.4M | Reduce -37.0% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 2,344,000 | $2.3M | Add +14.9% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 32,019 | $2.1M | Reduce -3.0% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 45,030 | $2.1M | Reduce -33.8% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 2,118,000 | $2.0M | Add +10.4% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 1,683,000 | $2.0M | Reduce -54.1% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 2,024,000 | $2.0M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 1,550,000 | $1.8M | Reduce -48.3% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 1,862,000 | $1.8M | Add +2.2% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,336,000 | $1.7M | Add +98.2% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 1,807,000 | $1.7M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 1,485,000 | $1.6M | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,204 | $1.4M | Add +137.0% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 1,538,000 | $1.4M | Add +27.5% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 1,267,000 | $1.4M | Add +314.1% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 806,000 | $1.4M | Add +24.8% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 1,220,000 | $1.3M | Reduce -23.9% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 1,218,000 | $1.3M | Reduce -81.8% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 1,103,000 | $1.2M | Add +27475.0% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 1,153,000 | $1.1M | Add +52.5% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 1,078,000 | $1.1M | Add +3617.2% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 24,312 | $988K | New |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 10,938 | $919K | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 991,000 | $908K | Add +11.5% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 1,004,000 | $883K | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 1,028,000 | $875K | Reduce -79.2% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 936,000 | $873K | Add +150.9% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 933,000 | $862K | Add +60.6% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 16,800 | $846K | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 28,250 | $782K | Reduce -1.7% |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 5,990,000 | $721K | Add +197.3% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 638,000 | $716K | Add +24.1% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 545,000 | $696K | Reduce -69.9% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 721,000 | $686K | Reduce -44.4% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 692,000 | $659K | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 663,000 | $648K | Add +904.5% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 665,000 | $589K | New |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 595,000 | $580K | Reduce -66.4% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 649,000 | $564K | Add +34.6% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 535,000 | $558K | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 577,000 | $535K | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 225,000 | $528K | Reduce -96.0% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 521,000 | $504K | Reduce -53.0% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 500,000 | $497K | New |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 399,000 | $495K | Add +432.0% |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | 491,000 | $477K | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 318,000 | $450K | Reduce -36.9% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 391,000 | $442K | Reduce -69.7% |
| LIVONGO HEALTH (TDOC 0.875 06/01/25) | NOTE 0.875% 6/0 · principal | 433,000 | $429K | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 461,000 | $411K | Reduce -47.1% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 405,000 | $406K | Reduce -51.4% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 406,000 | $402K | Reduce -78.5% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 371,000 | $395K | Reduce -58.6% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 273,000 | $387K | Reduce -16.0% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 359,000 | $371K | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 374,000 | $353K | Add +114.9% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 373,000 | $350K | Add +113.1% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 329,000 | $350K | Add +157.0% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 373,000 | $345K | Add +27.7% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 369,000 | $341K | Reduce -88.5% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 329,000 | $341K | Reduce -68.2% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 362,000 | $327K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 342,000 | $325K | Add +271.7% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 358,000 | $318K | New |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 299,000 | $299K | Reduce -85.1% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 303,000 | $292K | Reduce -78.6% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 198,000 | $288K | Add +214.3% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 200,000 | $243K | Reduce -31.3% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 253,000 | $241K | Add +65.4% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 270,000 | $238K | Reduce -26.2% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 270,000 | $237K | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 238,000 | $233K | New |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 219,000 | $224K | Reduce -74.7% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 199,000 | $205K | Reduce -94.6% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 139,000 | $195K | Reduce -16.3% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 699,000 | $189K | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 217,000 | $186K | New |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 207,000 | $184K | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 125,000 | $182K | Add +131.5% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 210,000 | $179K | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 163,000 | $176K | New |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 152,000 | $170K | Reduce -95.1% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 170,000 | $155K | Reduce -90.9% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 147,000 | $145K | Add +149.2% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 143,000 | $139K | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 113,000 | $138K | Add +1.8% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 142,000 | $138K | Add +1928.6% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 118,000 | $123K | New |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 125,000 | $116K | Add +20.2% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 122,000 | $114K | Add +6000.0% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 114,000 | $112K | Reduce -77.3% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 111,000 | $112K | Add +18.1% |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 961,000 | $111K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 405,000 | $109K | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 109,000 | $107K | New |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | 107,000 | $103K | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 98,000 | $97K | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 88,000 | $93K | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 92,000 | $92K | Reduce -98.3% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 79,000 | $74K | Add +243.5% |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 60,000 | $69K | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 51,000 | $67K | Reduce -94.8% |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 67,000 | $67K | New |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 238,000 | $63K | Reduce -16.8% |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 63,000 | $63K | No change |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 64,000 | $60K | Reduce -73.3% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 53,000 | $57K | New |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 51,000 | $56K | Add +325.0% |
| CAMTEK LTD/ISRAEL (CAMT 0 12/01/26) | NOTE 12/0 · principal | 45,000 | $55K | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 41,000 | $48K | New |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 36,000 | $45K | Reduce -97.9% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 44,000 | $45K | Reduce -95.7% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 45,000 | $45K | New |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 22,000 | $44K | Add +2100.0% |
| COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) | NOTE 1.500% 4/1 · principal | 45,000 | $43K | No change |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 46,000 | $42K | New |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 41,000 | $40K | Add +20.6% |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 350,000 | $31K | New |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 31,000 | $31K | Add +520.0% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 32,000 | $30K | New |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 30,000 | $28K | No change |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 10,000 | $26K | Reduce -96.9% |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 26,000 | $24K | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 24,000 | $23K | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 20,000 | $21K | Reduce -97.0% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 21,000 | $20K | New |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 20,000 | $19K | No change |
| VMCWF Valuence Merger Corp. -CW27 | *W EXP 99/99/999 | 250,000 | $18K | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 15,000 | $15K | Reduce -97.6% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 15,000 | $15K | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 13,000 | $13K | Reduce -94.2% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 5,310 | $12K | No change |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 15,000 | $12K | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 11,000 | $11K | New |
| HEALTH CATALYST INC (HCAT 2.5 04/15/25) | NOTE 2.500% 4/1 · principal | 10,000 | $10K | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 10,000 | $10K | Reduce -99.4% |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 3,000 | $10K | Reduce -98.6% |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 1,605 | $8K | Reduce -0.7% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 8,000 | $8K | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 3,000 | $7K | Reduce -87.0% |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 250,000 | $6K | Reduce 0.0% |
| EXELA TECHNOLOGIES INC (XELA 6 PERP B) | 6% CONV PFD SR B | 24,900 | $5K | No change |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 5,000 | $5K | New |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 5,000 | $5K | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 2,000 | $5K | Reduce -99.8% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 5,000 | $4K | Reduce -99.4% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 3,000 | $3K | No change |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 356 | $3K | No change |
| PETWQ Wag! Group Co. | *W EXP 07/30/202 | 170,301 | $2K | No change |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 1,000 | $1K | No change |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 1,000 | $975 | Reduce -99.3% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 1,000 | $815 | New |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 1,638 | $410 | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 500 | $140 | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 390 | $62 | No change |
Largest 200 of 203 shown.
Total filed on the 13F, all lines: $220.0B.
Portfolio Sells Q4 2024 → Q1 2025
| HON Honeywell International Inc. | Reduce -28.1% | 1.49% | −0.92 |
| PSX Phillips 66 | Reduce -71.4% | 0.12% | −0.30 |
| XLB SS Materials Select Sector | Reduce -98.3% | 0.00% | −0.21 |
| FXI iShares China Large-Cap ETF | Reduce -76.7% | 0.07% | −0.21 |
| IYR iShares US Real Estate ETF | Reduce -48.9% | 0.18% | −0.19 |
| XLP SS Consumer Staples Sel Sect | Reduce -59.5% | 0.12% | −0.19 |
| NRG NRG Energy Inc. | Reduce -89.7% | 0.02% | −0.17 |
| XLF SS Financial Select Sector | Reduce -74.0% | 0.06% | −0.17 |
| XLC SS Comm Select Sector SPDR | Reduce -51.6% | 0.11% | −0.13 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.6% | 0.37% | −0.12 |
| STLA Stellantis NV | Reduce -39.0% | 0.10% | −0.11 |
| HD Home Depot Inc. | Reduce -6.7% | 0.44% | −0.10 |
| AKAM Akamai Technologies Inc. | Reduce -79.7% | 0.02% | −0.10 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -19.8% | 0.19% | −0.09 |
| FERG Ferguson Enterprises Inc. | Reduce -27.1% | 0.14% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -9.4% | 0.24% | −0.08 |
| KLAC KLA Corp. | Reduce -27.6% | 0.20% | −0.08 |
| RACE Ferrari NV | Reduce -35.3% | 0.11% | −0.07 |
| LOGI Logitech International-Reg | Reduce -28.1% | 0.15% | −0.07 |
| ON On Semiconductor | Reduce -7.5% | 0.09% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -7.1% | 0.45% | −0.07 |
| PINS Pinterest Inc. Class A | Reduce -82.1% | 0.01% | −0.06 |
| GLD SPDR Gold Shares | Reduce -47.4% | 0.09% | −0.06 |
| LIN Linde PLC | Reduce -11.8% | 0.54% | −0.06 |
| LLYVK Liberty Media Corp.-Liberty-C | Reduce -98.9% | 0.00% | −0.05 |
| SNPS Synopsys Inc. | Reduce -1.6% | 0.20% | −0.05 |
| PFE Pfizer Inc. | Reduce -11.6% | 0.17% | −0.05 |
| FTNT Fortinet Inc. | Reduce -11.3% | 0.23% | −0.05 |
| APD Air Products & Chemicals Inc. | Reduce -32.7% | 0.08% | −0.05 |
| UAL United Airlines Holdings Inc. | Reduce -3.8% | 0.08% | −0.05 |
| APO Apollo Global Management Inc. | Reduce -18.3% | 0.07% | −0.04 |
| BA The Boeing Co. | Reduce -7.6% | 0.20% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -16.6% | 0.09% | −0.04 |
| SHW The Sherwin-Williams Co. | Reduce -7.0% | 0.31% | −0.04 |
| MMM 3M Co. | Reduce -33.4% | 0.10% | −0.04 |
| EIX Edison International | Reduce -27.2% | 0.04% | −0.04 |
| BABA Alibaba Group Holding-SP ADR | Reduce -71.4% | 0.03% | −0.04 |
| K Kellanova | Reduce -50.3% | 0.03% | −0.04 |
| IFF Intl Flavors & Fragrances | Reduce -53.4% | 0.02% | −0.04 |
| LRCX Lam Research Corp. | Reduce -8.0% | 0.21% | −0.04 |
| KMI Kinder Morgan Inc. | Reduce -36.5% | 0.06% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -5.9% | 0.20% | −0.03 |
| NFLX Netflix Inc. | Reduce -1.2% | 0.62% | −0.03 |
| BKLN Invesco Senior Loan ETF | Reduce -56.6% | 0.02% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -59.5% | 0.01% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -12.3% | 0.10% | −0.03 |
| AAL American Airlines Group Inc. | Reduce -50.8% | 0.01% | −0.03 |
| INTC Intel Corp. | Reduce -12.5% | 0.31% | −0.03 |
| LBRDK Liberty Broadband-C | Reduce -16.1% | 0.21% | −0.03 |
| SMCI Super Micro Computer Inc. | Reduce -55.3% | 0.02% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +182.2% | 2.59% | +1.54 |
| MA Mastercard Inc. Class A | Add +100.1% | 1.00% | +0.48 |
| JPM JPMorgan Chase & Co. | Add +50.6% | 1.35% | +0.40 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +10.4% | 1.91% | +0.31 |
| ABBV Abbvie Inc. | Add +95.4% | 0.53% | +0.28 |
| CRH CRH PLC | Add +189.0% | 0.46% | +0.28 |
| XOM Exxon Mobil Corp. | Add +63.8% | 0.60% | +0.24 |
| V Visa Inc. Class A | Add +9.7% | 1.91% | +0.20 |
| WFC Wells Fargo & Co. | Add +80.9% | 0.48% | +0.20 |
| T AT&T Inc. | Add +104.5% | 0.34% | +0.20 |
| TLT iShares 20+ Year Treasury BD | Add +429.7% | 0.24% | +0.19 |
| XLE SS Energy Select Sector | Add +324.7% | 0.25% | +0.19 |
| BX Blackstone Inc. | Add +225.5% | 0.29% | +0.17 |
| MS Morgan Stanley | Add +138.7% | 0.32% | +0.16 |
| ABT Abbott Laboratories | Add +90.3% | 0.30% | +0.15 |
| BLK BlackRock Inc. | Add +129.7% | 0.29% | +0.14 |
| PGR Progressive Corp. | Add +78.8% | 0.28% | +0.14 |
| IWM iShares Russell 2000 ETF | Add +83.3% | 0.39% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +42.7% | 1.93% | +0.13 |
| GPC Genuine Parts Co. | Add +854.6% | 0.14% | +0.13 |
| ORCL Oracle Corp. | Add +109.2% | 0.32% | +0.12 |
| GPN Global Payments Inc. | Add +148.6% | 0.22% | +0.11 |
| INTU Intuit Inc. | Add +39.5% | 0.55% | +0.11 |
| XLY SS Consumer Disc Select Sect | Add +4722.1% | 0.11% | +0.11 |
| AMGN Amgen Inc. | Add +29.1% | 0.36% | +0.11 |
| BMY Bristol-Myers Squibb Co. | Add +80.7% | 0.23% | +0.10 |
| FLUT Flutter Entertainment PLC-Di | Add +116.6% | 0.23% | +0.10 |
| DUK Duke Energy Corp. | Add +126.2% | 0.15% | +0.09 |
| GILD Gilead Sciences Inc. | Add +27.4% | 0.29% | +0.08 |
| EXC Exelon Corp. | Add +111.2% | 0.14% | +0.08 |
| CVX Chevron Corp. | Add +26.2% | 0.31% | +0.08 |
| AZO AutoZone Inc. | Add +18.0% | 0.35% | +0.08 |
| XEL Xcel Energy Inc. | Add +105.9% | 0.15% | +0.08 |
| TMUS T-Mobile US Inc. | Add +10.7% | 0.41% | +0.08 |
| JNJ Johnson & Johnson | Add +16.6% | 0.41% | +0.08 |
| BERY Berry Global Group Inc. | Add +1998.4% | 0.08% | +0.08 |
| CMG Chipotle Mexican Grill Inc. | Add +187.7% | 0.14% | +0.07 |
| AEP American Electric Power | Add +73.1% | 0.16% | +0.07 |
| MCK McKesson Corp. | Add +119.3% | 0.13% | +0.07 |
| CSCO Cisco Systems Inc. | Add +20.9% | 0.51% | +0.07 |
| LLY Eli Lilly & Co. | Add +13.1% | 0.67% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +22.2% | 0.32% | +0.07 |
| CPRT Copart Inc. | Add +64.3% | 0.19% | +0.06 |
| AON Aon PLC Class A | Add +60.8% | 0.16% | +0.06 |
| LOW Lowe's Cos Inc. | Add +62.8% | 0.21% | +0.06 |
| UNP Union Pacific Corp. | Add +71.1% | 0.16% | +0.06 |
| VZ Verizon Communications Inc. | Add +26.3% | 0.25% | +0.06 |
| BSX Boston Scientific Corp. | Add +25.4% | 0.25% | +0.06 |
| WELL Welltower Inc. | Add +89.3% | 0.11% | +0.06 |
| ZTS Zoetis Inc. | Add +88.0% | 0.13% | +0.06 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -29.0% | 87,644,200 | $49.0B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +75.1% | 36,650,100 | $17.2B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +9.5% | 14,467,800 | $8.1B |
| IWM iShares Russell 2000 ETF | put | Add +10.0% | 36,046,200 | $7.2B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +22.0% | 12,529,100 | $5.9B |
| V Visa Inc. Class A | put | Add +24.6% | 8,866,400 | $3.1B |
| IWM iShares Russell 2000 ETF | call | Add +5.1% | 14,694,200 | $2.9B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -15.4% | 23,620,500 | $1.9B |
| TLT iShares 20+ Year Treasury BD | call | Add +2923.7% | 15,874,200 | $1.4B |
| XLE SS Energy Select Sector | put | Add +1329.5% | 14,306,500 | $1.3B |
| TSLA Tesla Inc. | put | Reduce -26.6% | 4,936,900 | $1.3B |
| NVDA Nvidia Corp. | call | Add +209.9% | 10,789,800 | $1.2B |
| NVDA Nvidia Corp. | put | Add +152.6% | 10,269,300 | $1.1B |
| GOOGL Alphabet Inc. Class A | put | Reduce -15.3% | 5,768,500 | $892.0M |
| META Meta Platforms Inc. Class A | call | Add +72.6% | 1,391,300 | $801.9M |
| AAPL Apple Inc. | put | Reduce -13.9% | 3,593,100 | $798.1M |
| MSFT Microsoft Corp. | call | Reduce -59.8% | 2,071,600 | $777.7M |
| META Meta Platforms Inc. Class A | put | Add +15.8% | 1,287,500 | $742.1M |
| FXI iShares China Large-Cap ETF | call | Add +222.8% | 18,850,400 | $675.6M |
| IBM Intl Business Machines Corp. | call | Reduce -26.6% | 2,250,000 | $559.5M |
| MSFT Microsoft Corp. | put | Reduce -38.6% | 1,388,000 | $521.0M |
| AAPL Apple Inc. | call | Reduce -22.7% | 1,887,000 | $419.2M |
| GOOGL Alphabet Inc. Class A | call | Add +61.5% | 2,658,600 | $411.1M |
| TGT Target Corp. | call | Add +62.8% | 3,937,300 | $410.9M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +124.3% | 2,304,600 | $382.6M |
| XLE SS Energy Select Sector | call | Add +411.2% | 4,069,100 | $380.3M |
| BABA Alibaba Group Holding-SP ADR | call | Add +531.3% | 2,821,900 | $373.1M |
| XLF SS Financial Select Sector | call | Reduce -13.8% | 7,035,000 | $350.4M |
| XOM Exxon Mobil Corp. | call | Add +430.2% | 2,739,500 | $325.8M |
| TLT iShares 20+ Year Treasury BD | put | New | 3,567,500 | $324.7M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Add +16.1% | 3,775,000 | $297.8M |
| AMZN Amazon.com Inc. | put | Reduce -35.2% | 1,532,500 | $291.6M |
| XLF SS Financial Select Sector | put | Reduce -25.3% | 5,640,900 | $281.0M |
| HUM Humana Inc. | call | Add +2452.7% | 1,046,600 | $276.9M |
| AMZN Amazon.com Inc. | call | Add +44.4% | 1,444,800 | $274.9M |
| TSM Taiwan Semiconductor-SP ADR | call | Add +254.1% | 1,589,200 | $263.8M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | Add +7.2% | 2,250,000 | $244.6M |
| DDOG Datadog Inc. Class A | call | Add +119.2% | 2,335,700 | $231.7M |
| EEM iShares MSCI Emerging Market | call | Reduce -58.6% | 5,285,000 | $231.0M |
| BURL Burlington Stores Inc. | put | Add +1.1% | 960,100 | $228.8M |
| DELL Dell Technologies -C | call | Add +24.1% | 2,500,000 | $227.9M |
| VRT Vertiv Holdings Co. Class A | put | New | 3,113,600 | $224.8M |
| TSLA Tesla Inc. | call | Reduce -66.6% | 843,100 | $218.5M |
| DKS Dick's Sporting Goods Inc. | put | Add +45.3% | 1,079,000 | $217.5M |
| AVGO Broadcom Inc. | put | Add +63.2% | 1,283,100 | $214.8M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Add +550.0% | 1,950,000 | $211.9M |
| GOOG Alphabet Inc. Class C | call | Add +268.5% | 1,311,500 | $204.9M |
| UBER Uber Technologies Inc. | put | Sold out | 3,377,500 | $203.7Mbefore exit |
| TGT Target Corp. | put | Add +11.8% | 1,945,400 | $203.0M |
| EFA iShares MSCI Eafe ETF | call | Reduce -25.7% | 2,465,000 | $201.5M |
Showing the first 50 of 966.
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
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +10.3% | 12,526,000 | $16.1M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Add +137.2% | 12,677,000 | $14.2M |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | Add +9.5% | 2,589,846 | $11.4M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +58.0% | 10,909,000 | $10.4M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Add +331.6% | 8,624,000 | $8.7M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Add +973.7% | 6,378,000 | $8.4M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Reduce -1.1% | 9,314,000 | $8.3M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -25.2% | 6,759,000 | $8.2M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +421.7% | 8,112,000 | $8.1M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +51.3% | 8,199,000 | $8.0M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +559.5% | 162,343 | $7.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +589.4% | 6,267,000 | $7.6M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +15.1% | 6,373,000 | $6.3M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +8.9% | 6,699,000 | $6.3M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -50.8% | 124,674 | $6.0M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +123.5% | 4,061,000 | $5.6M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -41.2% | 76,666 | $5.6M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +20.5% | 5,734,000 | $5.5M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Sold out | 102,992 | $5.1Mbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +2660.0% | 4,968,000 | $5.1M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -0.1% | 4,130,000 | $4.9M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +27.5% | 3,595,000 | $4.8M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -4.2% | 4,063,000 | $4.7M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +42.2% | 3,858,000 | $4.5M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -67.2% | 74,510 | $4.5M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -29.5% | 92,383 | $4.4M |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | Add +21.3% | 4,139,000 | $4.3M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 86,420 | $4.3M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +101.0% | 4,603,000 | $4.0M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -52.0% | 3,662,000 | $4.0M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 997,000 | $3.6Mbefore exit |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -23.9% | 64,601 | $3.5M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 3,018,000 | $3.5M |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Add +79.3% | 3,327,000 | $3.5M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Reduce -39.2% | 1,463,000 | $3.4M |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Add +2406.1% | 827,000 | $3.4M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Reduce -67.1% | 3,044,000 | $3.4M |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | Add +1291.5% | 3,284,000 | $3.2M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Add +2443.5% | 4,095,000 | $3.0M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Sold out | 2,720,000 | $3.0Mbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +2.6% | 81,478 | $2.9M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | New | 2,970,000 | $2.8M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Sold out | 1,276,000 | $2.8Mbefore exit |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Reduce -24.5% | 2,638,000 | $2.7M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +19.7% | 2,331,000 | $2.7M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 1,904,000 | $2.7M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Reduce -28.7% | 2,472,000 | $2.6M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 2,397,000 | $2.5M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Add +107.6% | 1,071,000 | $2.5M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -37.0% | 1,917,000 | $2.4M |
Showing the first 50 of 213.
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 | 4,520 | $316.5B | EEM, NVDA, AAPL, MSFT, MU |
| Q1 2026 | 4,198 | $279.6B | EEM, NVDA, MSFT, AAPL, AMZN |
| Q4 2025 | 4,173 | $248.7B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025Amended | 4,401 | $267.6B | NVDA, MSFT, AAPL, AMZN, TSLA |
| Q2 2025Amended | 4,260 | $247.6B | NVDA, MSFT, AAPL, AMZN, TSLA |
| Q1 2025Amended | 4,307 | $219.7B | MSFT, AAPL, NVDA, AMZN, SPY |
| Q4 2024Amended | 4,239 | $201.9B | NVDA, MSFT, AAPL, AMZN, TSLA |
| Q3 2024Amended | 4,226 | $226.5B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q2 2024Amended | 4,059 | $217.4B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024Amended | 4,030 | $221.1B | MSFT, AAPL, NVDA, AMZN, META |