Barclays PLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed February 27, 2026), Barclays PLC reported 4,260 stock positions worth $247.6 billion. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Apple (AAPL, 3.8%). Compared with Q1 2025, it opened 229 new positions, sold out of 277, added to 2,680 and reduced 1,109. The biggest buy was Nvidia (NVDA, shares +14%) and the biggest sale Visa Class A (V, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0000312069
- Portfolio Value
- $247.6B (Q2 2025)
- SEC Filing
- 0000312069-26-000078 ↗ filed Feb 27, 2026
Holdings Value
Holdings 4,260 stocks · $247.6B
| NVDA Nvidia Corp. | 6.44% | 100,839,664 | $15.9B | Add +14.4% |
| MSFT Microsoft Corp. | 5.42% | 26,967,730 | $13.4B | Reduce -2.4% |
| AAPL Apple Inc. | 3.77% | 45,525,742 | $9.3B | Add +0.2% |
| AMZN Amazon.com Inc. | 3.22% | 36,380,112 | $8.0B | Reduce -9.7% |
| TSLA Tesla Inc. | 2.63% | 20,506,163 | $6.5B | Add +10.6% |
| AVGO Broadcom Inc. | 2.24% | 20,115,931 | $5.5B | Add +34.2% |
| META Meta Platforms Inc. Class A | 2.17% | 7,283,435 | $5.4B | Add +4.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.04% | 8,181,270 | $5.1B | Reduce -19.4% |
| GOOGL Alphabet Inc. Class A | 1.89% | 26,491,211 | $4.7B | Reduce -3.6% |
| JPM JPMorgan Chase & Co. | 1.70% | 14,521,710 | $4.2B | Add +20.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.32% | 6,733,025 | $3.3B | Reduce -14.4% |
| GOOG Alphabet Inc. Class C | 1.16% | 16,227,108 | $2.9B | Add +17.5% |
| V Visa Inc. Class A | 1.15% | 8,015,190 | $2.8B | Reduce -33.1% |
| NFLX Netflix Inc. | 0.92% | 1,699,362 | $2.3B | Add +15.5% |
| MA Mastercard Inc. Class A | 0.85% | 3,758,990 | $2.1B | Reduce -6.1% |
| AMD Advanced Micro Devices | 0.82% | 14,237,349 | $2.0B | Reduce -1.7% |
| HON Honeywell International Inc. | 0.78% | 8,306,650 | $1.9B | Reduce -46.4% |
| INTU Intuit Inc. | 0.61% | 1,912,535 | $1.5B | Reduce -2.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.59% | 2,648,901 | $1.5B | Add +202.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 30,475,751 | $1.4B | Add +30.0% |
| CSCO Cisco Systems Inc. | 0.58% | 20,784,076 | $1.4B | Add +15.5% |
| UNH Unitedhealth Group Inc. | 0.56% | 4,456,674 | $1.4B | Add +4.7% |
| PLTR Palantir Technologies Inc. Class A | 0.54% | 9,895,058 | $1.3B | Add +17.9% |
| QCOM Qualcomm Inc. | 0.54% | 8,322,426 | $1.3B | Add +34.4% |
| GS Goldman Sachs Group Inc. | 0.53% | 1,866,831 | $1.3B | Reduce -1.8% |
| COST Costco Wholesale Corp. | 0.53% | 1,318,759 | $1.3B | Reduce -10.3% |
| NOW ServiceNow Inc. | 0.50% | 1,195,118 | $1.2B | Reduce -7.0% |
| LLY Eli Lilly & Co. | 0.47% | 1,504,399 | $1.2B | Reduce -15.2% |
| ADBE Adobe Inc. | 0.46% | 2,938,924 | $1.1B | Reduce -2.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.44% | 4,838,967 | $1.1B | Reduce -0.0% |
| PEP Pepsico Inc. | 0.44% | 8,232,933 | $1.1B | Add +65.9% |
| LIN Linde PLC | 0.44% | 2,305,945 | $1.1B | Reduce -10.1% |
| CRM Salesforce Inc. | 0.43% | 3,893,222 | $1.1B | Add +2.4% |
| PG The Procter & Gamble Co. | 0.42% | 6,589,179 | $1.0B | Add +13.8% |
| ORCL Oracle Corp. | 0.40% | 4,487,586 | $981.1M | Reduce -10.5% |
| TXN Texas Instruments Inc. | 0.39% | 4,670,079 | $969.6M | Reduce -10.8% |
| XOM Exxon Mobil Corp. | 0.38% | 8,827,674 | $951.6M | Reduce -19.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 3,226,888 | $951.2M | Reduce -0.8% |
| ISRG Intuitive Surgical Inc. | 0.38% | 1,749,835 | $950.9M | Add +0.7% |
| AXP American Express Co. | 0.38% | 2,979,365 | $950.4M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.38% | 3,251,709 | $950.1M | Reduce -3.9% |
| PANW Palo Alto Networks Inc. | 0.37% | 4,466,178 | $914.0M | Add +14.8% |
| ABBV Abbvie Inc. | 0.36% | 4,853,932 | $901.0M | Reduce -13.2% |
| HD Home Depot Inc. | 0.36% | 2,434,670 | $892.6M | Reduce -6.7% |
| INTC Intel Corp. | 0.35% | 38,814,549 | $869.4M | Add +31.2% |
| ADP Automatic Data Processing | 0.34% | 2,721,642 | $839.4M | Add +71.2% |
| MU Micron Technology Inc. | 0.33% | 6,580,728 | $811.1M | Add +7.6% |
| SHW The Sherwin-Williams Co. | 0.32% | 2,316,960 | $795.6M | Add +20.1% |
| JNJ Johnson & Johnson | 0.32% | 5,192,223 | $793.1M | Reduce -4.0% |
| LRCX Lam Research Corp. | 0.30% | 7,738,427 | $753.3M | Add +21.1% |
| WFC Wells Fargo & Co. | 0.30% | 9,388,147 | $752.2M | Reduce -36.6% |
| WMT Walmart Inc. | 0.30% | 7,684,308 | $751.4M | Reduce -16.0% |
| AZO AutoZone Inc. | 0.30% | 199,651 | $741.2M | Reduce -0.6% |
| NEM Newmont Corp. | 0.30% | 12,583,803 | $733.1M | Add +197.1% |
| AMAT Applied Materials Inc. | 0.30% | 4,004,492 | $733.1M | Add +7.8% |
| AEP American Electric Power | 0.29% | 6,836,693 | $709.4M | Add +118.9% |
| CRH CRH PLC | 0.28% | 7,643,053 | $701.6M | Reduce -33.1% |
| BKNG Booking Holdings Inc. | 0.28% | 120,990 | $700.4M | Add +0.7% |
| T AT&T Inc. | 0.28% | 24,020,421 | $695.2M | Reduce -9.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 5,602,138 | $694.7M | Add +14.0% |
| IWM iShares Russell 2000 ETF | 0.27% | 3,139,246 | $677.4M | Reduce -27.7% |
| GILD Gilead Sciences Inc. | 0.27% | 6,096,675 | $675.9M | Add +8.8% |
| PM Philip Morris International | 0.27% | 3,697,308 | $673.4M | Add +23.4% |
| AMGN Amgen Inc. | 0.27% | 2,392,720 | $668.1M | Reduce -6.5% |
| KO The Coca-Cola Co. | 0.27% | 9,392,532 | $664.5M | Add +7.2% |
| KLAC KLA Corp. | 0.27% | 741,397 | $664.1M | Add +15.0% |
| MCHP Microchip Technology Inc. | 0.26% | 9,075,106 | $638.6M | Add +23.8% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 1,569,816 | $636.5M | Add +5.0% |
| APH Amphenol Corp. Class A | 0.26% | 6,425,110 | $634.5M | Add +10.2% |
| ADI Analog Devices Inc. | 0.25% | 2,625,858 | $625.0M | Add +3.8% |
| DHR Danaher Corp. | 0.25% | 3,085,099 | $609.4M | Reduce -4.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.24% | 1,143,868 | $582.6M | Reduce -5.3% |
| PGR Progressive Corp. | 0.23% | 2,152,566 | $574.4M | Reduce -1.2% |
| CHTR Charter Communications Inc. Class A | 0.23% | 1,402,561 | $573.4M | Reduce -2.3% |
| TMUS T-Mobile US Inc. | 0.23% | 2,390,274 | $569.5M | Reduce -29.6% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 2,171,843 | $559.0M | Reduce -0.3% |
| CAT Caterpillar Inc. | 0.22% | 1,403,087 | $544.7M | Add +2.9% |
| VZ Verizon Communications Inc. | 0.22% | 12,489,965 | $540.4M | Add +4.8% |
| SNPS Synopsys Inc. | 0.22% | 1,044,756 | $535.6M | Add +0.5% |
| SPGI S&P Global Inc. | 0.22% | 1,014,592 | $535.0M | Add +3.9% |
| CMCSA Comcast Corp. Class A | 0.21% | 14,894,277 | $531.6M | Add +4.3% |
| MELI MercadoLibre Inc. | 0.21% | 202,481 | $529.2M | Add +1.7% |
| VLO Valero Energy Corp. | 0.21% | 3,934,075 | $528.8M | Reduce -16.4% |
| WM Waste Management Inc. | 0.21% | 2,300,782 | $526.5M | Add +7.2% |
| ACN Accenture PLC Class A | 0.21% | 1,743,997 | $521.3M | Reduce -0.7% |
| ABT Abbott Laboratories | 0.20% | 3,711,075 | $504.7M | Reduce -24.1% |
| UBER Uber Technologies Inc. | 0.20% | 5,362,100 | $500.3M | Add +9.7% |
| FTNT Fortinet Inc. | 0.20% | 4,669,280 | $493.6M | Reduce -11.3% |
| BA The Boeing Co. | 0.20% | 2,323,891 | $486.9M | Reduce -8.4% |
| HCA HCA Healthcare Inc. | 0.20% | 1,260,785 | $483.0M | Add +2.0% |
| SU Suncor Energy Inc. | 0.19% | 12,845,462 | $481.1M | Add +1.6% |
| BR Broadridge Financial Solutio | 0.19% | 1,958,168 | $475.9M | Add +1.4% |
| BSX Boston Scientific Corp. | 0.19% | 4,367,451 | $469.1M | Reduce -21.1% |
| LOW Lowe's Cos Inc. | 0.19% | 2,108,129 | $467.7M | Add +5.9% |
| MRK Merck & Co. Inc. | 0.19% | 5,895,968 | $466.7M | Add +0.7% |
| SBUX Starbucks Corp. | 0.19% | 5,085,029 | $465.9M | Reduce -14.4% |
| MNST Monster Beverage Corp. | 0.18% | 7,173,176 | $449.3M | Add +0.7% |
| MRVL Marvell Technology Inc. | 0.18% | 5,697,447 | $441.0M | Add +61.4% |
| NXPI NXP Semiconductors NV | 0.18% | 2,003,161 | $437.7M | Add +25.7% |
| MS Morgan Stanley | 0.17% | 3,072,419 | $432.8M | Reduce -48.9% |
Options reported separately and not counted above: SPY puts ($85.1B), SPY calls ($18.1B), QQQ puts ($10.2B), IWM puts ($9.3B), IWM calls ($6.8B), QQQ calls ($6.4B), NVDA calls ($2.2B), NVDA puts ($2.1B), MSFT calls ($1.9B), HYG puts ($1.6B), META calls ($1.2B), GOOGL puts ($1.2B), and 752 more.
Other holdings (189): bonds, preferreds, convertibles and warrants · $4.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MSFT Microsoft Corp. | COM · principal | 794,117,000 | $4.0B | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 662,402 | $45.0M | Add +789.0% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 11,856,000 | $20.7M | Reduce -5.3% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 2,487,645 | $15.8M | Reduce -4.0% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 15,115,000 | $14.9M | Add +84.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 12,341,000 | $13.1M | Add +237.0% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 12,484,000 | $12.4M | Add +420.8% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 8,362,000 | $10.6M | Add +105.8% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 7,025,000 | $9.9M | Add +95.4% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 162,282 | $9.6M | Add +30.2% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 6,157,000 | $9.3M | Add +297.2% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 72,537 | $8.4M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 8,765,000 | $8.1M | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 2,185,000 | $7.9M | Add +871.1% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 7,700,000 | $7.7M | Add +55.0% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 5,679,000 | $7.0M | Reduce -16.0% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 7,274,000 | $7.0M | Add +530.9% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 6,689,000 | $6.9M | Add +506.4% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 3,734,000 | $6.7M | Add +121.9% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 5,629,000 | $6.2M | Reduce -55.6% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 6,019,000 | $6.1M | Add +40026.7% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 160,448 | $5.2M | Add +96.9% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 4,662,000 | $5.0M | Add +282.1% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 4,930,000 | $5.0M | Reduce -22.6% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 4,136,000 | $4.8M | Add +7.2% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 4,518,000 | $4.7M | Add +3728.8% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 5,170,000 | $4.7M | Reduce -44.5% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 3,034,000 | $4.6M | Reduce -25.3% |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 3,916,000 | $4.6M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 4,754,000 | $4.6M | Reduce -17.1% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 3,728,000 | $4.3M | Reduce -9.7% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 2,806,000 | $4.0M | Reduce -55.2% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 63,040 | $3.4M | Reduce -27.1% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 67,316 | $3.2M | Reduce -27.1% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 32,816 | $2.7M | Add +2.5% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 2,622,000 | $2.6M | Reduce -69.6% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 56,437 | $2.5M | Add +25.3% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 2,193,000 | $2.5M | Reduce -16.9% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 2,437,000 | $2.3M | Reduce -63.6% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 2,316,000 | $2.2M | Reduce -78.8% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 29,337 | $2.2M | Reduce -61.7% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 2,240,000 | $2.2M | Add +1423.8% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 2,118,000 | $2.1M | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 1,969,000 | $2.0M | Add +2040.2% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 2,025,000 | $2.0M | Add +12.1% |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 1,149,900 | $1.9M | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 1,875,000 | $1.8M | Add +73.9% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 1,672,000 | $1.8M | Reduce -17.4% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 1,407,000 | $1.8M | Add +163.0% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 633,000 | $1.8M | Add +31550.0% |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 6,627,000 | $1.7M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 1,268,000 | $1.6M | Reduce -45.6% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 1,692,000 | $1.6M | Reduce -43.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 1,686,000 | $1.5M | Add +67.9% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 811,000 | $1.5M | Reduce -57.4% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 1,467,000 | $1.4M | Add +57.2% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 21,523 | $1.3M | New |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 1,152,000 | $1.2M | Reduce -72.2% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 1,261,000 | $1.2M | Reduce -32.3% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 1,629,000 | $1.2M | Add +5.9% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 28,890 | $1.1M | Add +18.8% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 1,087,000 | $1.1M | Add +10770.0% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 1,079,000 | $1.1M | Add +228.0% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 1,203,000 | $1.1M | Reduce -73.9% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 921,000 | $1.0M | Reduce -69.5% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 1,006,000 | $988K | Add +69.1% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 1,024,000 | $967K | Add +739.3% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 528,000 | $949K | Reduce -3.1% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 888,000 | $929K | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 14,601 | $882K | Reduce -77.4% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 690,000 | $877K | Add +117.0% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 951,000 | $818K | Add +352.9% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 534,000 | $694K | Add +947.1% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 588,000 | $666K | Add +1236.4% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 599,000 | $620K | Add +62.3% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 348,000 | $617K | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 662,000 | $611K | Reduce -33.2% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 462,000 | $608K | Add +24.5% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 665,000 | $603K | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 381,000 | $586K | Add +829.3% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 584,000 | $577K | Add +166.7% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 565,000 | $576K | Reduce -18.4% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 25,624 | $531K | Reduce -9.3% |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 3,405,000 | $511K | Add +740.7% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 408,000 | $482K | New |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | 491,000 | $480K | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 373,000 | $464K | Add +36.6% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 417,000 | $421K | Add +2.7% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 416,000 | $416K | Add +2.7% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 7,399 | $392K | Reduce -95.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 5,427 | $362K | Reduce -67.7% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 385,000 | $361K | Add +2.9% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 330,000 | $351K | New |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 373,000 | $351K | No change |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 295,000 | $344K | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 360,000 | $338K | Reduce -21.9% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 369,000 | $319K | Add +3.1% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 269,000 | $307K | Reduce -79.9% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 304,000 | $302K | Add +114.1% |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 257,000 | $288K | New |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 262,000 | $286K | Reduce -27.0% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 263,000 | $280K | Reduce -91.4% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 194,000 | $280K | Reduce -51.4% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 269,000 | $268K | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 359,000 | $258K | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 165,000 | $248K | Add +32.0% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 153,000 | $245K | Reduce -89.7% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 272,000 | $243K | Add +0.7% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 87,000 | $242K | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 239,000 | $236K | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 188,000 | $223K | Reduce -84.6% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 163,000 | $221K | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 207,000 | $206K | Add +86.5% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 240,000 | $205K | Add +23900.0% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 300,000 | $201K | New |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 204,000 | $195K | Add +353.3% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 155,711 | $178K | Add +2.4% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 146,000 | $175K | Reduce -26.6% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 21,606 | $173K | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 174,000 | $171K | Add +21.7% |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 207,000 | $166K | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 112,000 | $130K | Reduce -52.9% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 104,000 | $123K | Reduce -94.6% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 128,000 | $122K | Reduce -49.4% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 91,000 | $113K | Reduce -76.7% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 99,000 | $111K | Reduce -50.5% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 91,000 | $109K | New |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 699,000 | $105K | No change |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | 107,000 | $104K | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 111,000 | $104K | Reduce -80.8% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 59,000 | $104K | Reduce -70.2% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 102,000 | $101K | Reduce -65.9% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 86,000 | $101K | Add +68.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 104,000 | $99K | Reduce -69.6% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 104,000 | $97K | Reduce -71.3% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 98,000 | $96K | Reduce -95.8% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 88,000 | $93K | No change |
| JAMF HOLDING CORP (JAMF 0.125 09/01/26) | NOTE 0.125% 9/0 · principal | 97,000 | $91K | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 961,000 | $86K | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 48,000 | $75K | New |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 76,000 | $72K | Add +18.8% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 76,000 | $70K | Add +65.2% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 75,000 | $65K | Reduce -72.2% |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 65,000 | $64K | Add +400.0% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 58,000 | $56K | Add +625.0% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 36,000 | $53K | Reduce -74.1% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 50,000 | $51K | Reduce -90.4% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 53,000 | $50K | Reduce -32.9% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 61,000 | $47K | New |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 44,000 | $40K | New |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 33,000 | $35K | Reduce -73.6% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 34,000 | $32K | Reduce -90.9% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 30,000 | $29K | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 29,000 | $27K | Reduce -96.9% |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 10,000 | $26K | No change |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 26,000 | $25K | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 94,000 | $24K | New |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 24,000 | $23K | No change |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 100,000 | $23K | Reduce -58.0% |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 8,490,000 | $21K | Add +41.7% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 21,000 | $20K | Reduce -99.4% |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 20,000 | $19K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 5,310 | $19K | No change |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 14,000 | $19K | New |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 350,000 | $16K | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 16,000 | $15K | New |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 15,000 | $15K | No change |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 6,000 | $10K | Add +500.0% |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 250,000 | $9K | No change |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 3,000 | $8K | No change |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 1,605 | $6K | No change |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 331 | $5K | Reduce -7.0% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 4,000 | $4K | New |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 3,000 | $3K | No change |
| PETWQ Wag! Group Co. | *W EXP 07/30/202 | 170,301 | $3K | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 2,000 | $2K | Reduce -98.3% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,000 | $1K | New |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 1,000 | $979 | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 1,000 | $819 | Reduce -99.9% |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 1,638 | $442 | No change |
| ASPSW Altisource Portfolio - 30 | *W EXP 04/30/203 | 686 | $343 | New |
| EXELA TECHNOLOGIES INC (XELA 6 PERP B) | 6% CONV PFD SR B | 24,900 | $274 | No change |
| TGE.WS Generation Essentials - 30 | *W EXP 02/15/202 | 686 | $274 | New |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 500 | $190 | No change |
| ASPSZ Altisource Portfolio - 29C | *W EXP 04/02/202 | 244 | $124 | New |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 63 | $66 | Reduce -85.8% |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 390 | $62 | No change |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 500 | $10 | No change |
| SWVLW Pivotal Holdings Corp. -CW27 | *W EXP 99/99/999 | 238 | $3 | No change |
Total filed on the 13F, all lines: $251.9B.
Portfolio Sells Q1 2025 → Q2 2025
| V Visa Inc. Class A | Reduce -33.1% | 1.15% | −0.76 |
| HON Honeywell International Inc. | Reduce -46.4% | 0.78% | −0.71 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -14.4% | 1.32% | −0.59 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -19.4% | 2.04% | −0.54 |
| AMZN Amazon.com Inc. | Reduce -9.7% | 3.22% | −0.26 |
| XOM Exxon Mobil Corp. | Reduce -19.8% | 0.38% | −0.21 |
| CCI Crown Castle Inc. | Reduce -72.3% | 0.06% | −0.20 |
| LLY Eli Lilly & Co. | Reduce -15.2% | 0.47% | −0.19 |
| TMUS T-Mobile US Inc. | Reduce -29.6% | 0.23% | −0.18 |
| WFC Wells Fargo & Co. | Reduce -36.6% | 0.30% | −0.18 |
| XLE SS Energy Select Sector | Reduce -62.9% | 0.07% | −0.18 |
| CRH CRH PLC | Reduce -33.1% | 0.28% | −0.17 |
| ABBV Abbvie Inc. | Reduce -13.2% | 0.36% | −0.17 |
| TLT iShares 20+ Year Treasury BD | Reduce -60.3% | 0.08% | −0.16 |
| BLK BlackRock Inc. | Reduce -50.9% | 0.14% | −0.15 |
| BX Blackstone Inc. | Reduce -49.0% | 0.14% | −0.15 |
| MA Mastercard Inc. Class A | Reduce -6.1% | 0.85% | −0.15 |
| MS Morgan Stanley | Reduce -48.9% | 0.17% | −0.14 |
| CVX Chevron Corp. | Reduce -26.6% | 0.17% | −0.14 |
| CL Colgate-Palmolive Co. | Reduce -39.3% | 0.13% | −0.12 |
| LBRDK Liberty Broadband-C | Reduce -59.5% | 0.09% | −0.12 |
| IWM iShares Russell 2000 ETF | Reduce -27.7% | 0.27% | −0.12 |
| LIN Linde PLC | Reduce -10.1% | 0.44% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -10.3% | 0.53% | −0.11 |
| MRSH Marsh & McLennan Cos | Reduce -26.6% | 0.14% | −0.10 |
| MCD McDonald's Corp. | Reduce -3.9% | 0.38% | −0.10 |
| AMGN Amgen Inc. | Reduce -6.5% | 0.27% | −0.09 |
| ABT Abbott Laboratories | Reduce -24.1% | 0.20% | −0.09 |
| CB Chubb Ltd. | Reduce -26.6% | 0.15% | −0.09 |
| JNJ Johnson & Johnson | Reduce -4.0% | 0.32% | −0.09 |
| XLP SS Consumer Staples Sel Sect | Reduce -70.5% | 0.03% | −0.09 |
| XLV SS Health Care Select Sector | Reduce -87.0% | 0.01% | −0.09 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.08 |
| C Citigroup Inc. | Reduce -36.4% | 0.16% | −0.08 |
| SBUX Starbucks Corp. | Reduce -14.4% | 0.19% | −0.08 |
| HD Home Depot Inc. | Reduce -6.7% | 0.36% | −0.07 |
| GPN Global Payments Inc. | Reduce -5.3% | 0.15% | −0.07 |
| VLO Valero Energy Corp. | Reduce -16.4% | 0.21% | −0.07 |
| ADBE Adobe Inc. | Reduce -2.5% | 0.46% | −0.07 |
| FLUT Flutter Entertainment PLC-Di | Reduce -37.7% | 0.16% | −0.07 |
| AON Aon PLC Class A | Reduce -25.9% | 0.09% | −0.07 |
| BSX Boston Scientific Corp. | Reduce -21.1% | 0.19% | −0.06 |
| RTX RTX Corp. | Reduce -27.1% | 0.16% | −0.06 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.06 |
| WMT Walmart Inc. | Reduce -16.0% | 0.30% | −0.06 |
| T AT&T Inc. | Reduce -9.7% | 0.28% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -20.5% | 0.13% | −0.06 |
| PSX Phillips 66 | Reduce -42.5% | 0.06% | −0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -49.6% | 0.05% | −0.06 |
| TXRH Texas Roadhouse Inc. | Reduce -86.1% | 0.01% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +14.4% | 6.44% | +2.09 |
| AVGO Broadcom Inc. | Add +34.2% | 2.24% | +1.10 |
| TSLA Tesla Inc. | Add +10.6% | 2.63% | +0.44 |
| QQQ Invesco QQQ Trust Series 1 | Add +202.6% | 0.59% | +0.40 |
| JPM JPMorgan Chase & Co. | Add +20.4% | 1.70% | +0.35 |
| META Meta Platforms Inc. Class A | Add +4.8% | 2.17% | +0.35 |
| NFLX Netflix Inc. | Add +15.5% | 0.92% | +0.29 |
| PLTR Palantir Technologies Inc. Class A | Add +17.9% | 0.54% | +0.22 |
| NEM Newmont Corp. | Add +197.1% | 0.30% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +17.5% | 1.16% | +0.18 |
| MBB iShares MBS ETF | New | 0.16% | +0.16 |
| XLB SS Materials Select Sector | Add +5150.1% | 0.16% | +0.16 |
| BAC Bank of America Corp. | Add +30.0% | 0.58% | +0.14 |
| AEP American Electric Power | Add +118.9% | 0.29% | +0.13 |
| ADP Automatic Data Processing | Add +71.2% | 0.34% | +0.12 |
| QCOM Qualcomm Inc. | Add +34.4% | 0.54% | +0.10 |
| PEP Pepsico Inc. | Add +65.9% | 0.44% | +0.10 |
| VCIT Vanguard Int-Term Corporate | Add +29064220.0% | 0.10% | +0.10 |
| MCHP Microchip Technology Inc. | Add +23.8% | 0.26% | +0.10 |
| LRCX Lam Research Corp. | Add +21.1% | 0.30% | +0.09 |
| HPE Hewlett Packard Enterprise | Add +157.2% | 0.13% | +0.09 |
| MU Micron Technology Inc. | Add +7.6% | 0.33% | +0.09 |
| APH Amphenol Corp. Class A | Add +10.2% | 0.26% | +0.08 |
| MRVL Marvell Technology Inc. | Add +61.4% | 0.18% | +0.08 |
| CSCO Cisco Systems Inc. | Add +15.5% | 0.58% | +0.08 |
| BPMC Blueprint Medicines Corp. | Add +1101.4% | 0.08% | +0.08 |
| DIA SS SPDR Dow Jones Indus Avg | Add +895.5% | 0.08% | +0.07 |
| KLAC KLA Corp. | Add +15.0% | 0.27% | +0.07 |
| ON On Semiconductor | Add +56.7% | 0.15% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +14.8% | 0.37% | +0.07 |
| DIS The Walt Disney Co. | Add +14.0% | 0.28% | +0.06 |
| SHOP Shopify Inc. Class A | Add +331.6% | 0.07% | +0.06 |
| AZEK The Azek Co. Inc. | Add +405.1% | 0.07% | +0.06 |
| CRS Carpenter Technology | Add +621.6% | 0.06% | +0.06 |
| PM Philip Morris International | Add +23.4% | 0.27% | +0.06 |
| HOOD Robinhood Markets Inc. Class A | Add +240.9% | 0.06% | +0.05 |
| CDNS Cadence Design SYS Inc. | Add +36.6% | 0.17% | +0.05 |
| AMAT Applied Materials Inc. | Add +7.8% | 0.30% | +0.05 |
| GLD SPDR Gold Shares | Add +69.0% | 0.14% | +0.05 |
| COIN Coinbase Global Inc. Class A | Add +23.0% | 0.09% | +0.05 |
| BKLN Invesco Senior Loan ETF | Add +269.2% | 0.07% | +0.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +119.6% | 0.09% | +0.05 |
| INTC Intel Corp. | Add +31.2% | 0.35% | +0.05 |
| SMH Vaneck Semiconductor ETF | Add +502.3% | 0.05% | +0.04 |
| UBER Uber Technologies Inc. | Add +9.7% | 0.20% | +0.04 |
| XLY SS Consumer Disc Select Sect | Add +38.4% | 0.15% | +0.04 |
| NXPI NXP Semiconductors NV | Add +25.7% | 0.18% | +0.04 |
| AMRZ Amrize Ltd. | New | 0.04% | +0.04 |
| COF Capital One Financial Corp. | Add +33.7% | 0.13% | +0.04 |
| MELI MercadoLibre Inc. | Add +1.7% | 0.21% | +0.04 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +57.2% | 137,755,800 | $85.1B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +102.9% | 29,360,300 | $18.1B |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -49.7% | 18,446,400 | $10.2B |
| IWM iShares Russell 2000 ETF | put | Add +19.5% | 43,080,700 | $9.3B |
| IWM iShares Russell 2000 ETF | call | Add +115.9% | 31,725,900 | $6.8B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -8.0% | 11,532,600 | $6.4B |
| NVDA Nvidia Corp. | call | Add +30.9% | 14,124,700 | $2.2B |
| NVDA Nvidia Corp. | put | Add +30.5% | 13,405,000 | $2.1B |
| MSFT Microsoft Corp. | call | Add +87.0% | 3,874,000 | $1.9B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -14.3% | 20,249,100 | $1.6B |
| META Meta Platforms Inc. Class A | call | Add +21.3% | 1,688,200 | $1.2B |
| GOOGL Alphabet Inc. Class A | put | Add +21.7% | 7,021,200 | $1.2B |
| TSLA Tesla Inc. | put | Reduce -31.0% | 3,404,900 | $1.1B |
| MSFT Microsoft Corp. | put | Add +38.9% | 1,927,800 | $958.9M |
| TLT iShares 20+ Year Treasury BD | call | Reduce -42.5% | 9,124,200 | $805.2M |
| AAPL Apple Inc. | call | Add +100.0% | 3,773,000 | $774.1M |
| AAPL Apple Inc. | put | Add +3.4% | 3,713,800 | $762.0M |
| META Meta Platforms Inc. Class A | put | Reduce -20.8% | 1,019,900 | $752.8M |
| FXI iShares China Large-Cap ETF | call | Add +3.9% | 19,592,700 | $720.2M |
| ETN Eaton Corp. PLC | call | Add +222.7% | 1,919,900 | $685.4M |
| XLE SS Energy Select Sector | put | Reduce -46.9% | 7,593,200 | $644.0M |
| GOOGL Alphabet Inc. Class A | call | Add +29.4% | 3,440,000 | $606.2M |
| AVGO Broadcom Inc. | put | Add +55.3% | 1,993,000 | $549.4M |
| AMZN Amazon.com Inc. | call | Add +58.4% | 2,287,900 | $501.9M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Add +64.7% | 6,216,300 | $501.3M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -6.5% | 2,154,300 | $487.9M |
| TSLA Tesla Inc. | call | Add +60.3% | 1,351,400 | $429.3M |
| XLF SS Financial Select Sector | call | Add +16.2% | 8,175,000 | $428.1M |
| VRT Vertiv Holdings Co. Class A | put | Add +0.3% | 3,121,600 | $400.8M |
| WMT Walmart Inc. | call | Add +273.5% | 4,090,000 | $399.9M |
| VRT Vertiv Holdings Co. Class A | call | Add +3633.6% | 3,098,900 | $397.9M |
| GEV GE Vernova Inc. | put | Add +224.3% | 733,200 | $388.0M |
| XLF SS Financial Select Sector | put | Add +30.3% | 7,351,400 | $385.0M |
| BA The Boeing Co. | put | Add +75.7% | 1,749,300 | $366.5M |
| EFA iShares MSCI Eafe ETF | call | Add +62.8% | 4,012,200 | $358.7M |
| TSM Taiwan Semiconductor-SP ADR | call | Reduce -4.9% | 1,510,800 | $342.2M |
| DELL Dell Technologies -C | call | Add +7.8% | 2,696,000 | $330.5M |
| TGT Target Corp. | call | Reduce -23.0% | 3,031,600 | $299.1M |
| BABA Alibaba Group Holding-SP ADR | call | Reduce -10.1% | 2,536,600 | $287.7M |
| FXI iShares China Large-Cap ETF | put | Add +80.9% | 7,600,400 | $279.4M |
| TLT iShares 20+ Year Treasury BD | put | Reduce -11.7% | 3,150,000 | $278.0M |
| CVNA Carvana Co. | call | New | 785,000 | $264.5M |
| EFA iShares MSCI Eafe ETF | put | Add +398.5% | 2,922,400 | $261.2M |
| AMD Advanced Micro Devices | put | Add +11.3% | 1,799,100 | $255.3M |
| COIN Coinbase Global Inc. Class A | put | Add +22.1% | 716,200 | $251.0M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Add +16.9% | 2,280,000 | $249.9M |
| GOOG Alphabet Inc. Class C | call | Add +5.4% | 1,382,700 | $245.3M |
| NFLX Netflix Inc. | put | Add +116.9% | 172,000 | $230.3M |
| EEM iShares MSCI Emerging Market | put | Add +69.1% | 4,586,900 | $221.3M |
| COIN Coinbase Global Inc. Class A | call | Add +5.5% | 610,400 | $213.9M |
Showing the first 50 of 885.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | COM · principal | New | 794,117,000 | $4.0B |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +789.0% | 662,402 | $45.0M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -5.3% | 11,856,000 | $20.7M |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | Reduce -4.0% | 2,487,645 | $15.8M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +84.3% | 15,115,000 | $14.9M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +237.0% | 12,341,000 | $13.1M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +420.8% | 12,484,000 | $12.4M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +105.8% | 8,362,000 | $10.6M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +95.4% | 7,025,000 | $9.9M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +30.2% | 162,282 | $9.6M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +297.2% | 6,157,000 | $9.3M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 6,378,000 | $8.4Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 72,537 | $8.4M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 8,112,000 | $8.1Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 8,765,000 | $8.1M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Add +871.1% | 2,185,000 | $7.9M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +55.0% | 7,700,000 | $7.7M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -16.0% | 5,679,000 | $7.0M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Add +530.9% | 7,274,000 | $7.0M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Add +506.4% | 6,689,000 | $6.9M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +121.9% | 3,734,000 | $6.7M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Reduce -55.6% | 5,629,000 | $6.2M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +40026.7% | 6,019,000 | $6.1M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +96.9% | 160,448 | $5.2M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Add +282.1% | 4,662,000 | $5.0M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -22.6% | 4,930,000 | $5.0M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +7.2% | 4,136,000 | $4.8M |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Add +3728.8% | 4,518,000 | $4.7M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Reduce -44.5% | 5,170,000 | $4.7M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -25.3% | 3,034,000 | $4.6M |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | New | 3,916,000 | $4.6M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Reduce -17.1% | 4,754,000 | $4.6M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -9.7% | 3,728,000 | $4.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -55.2% | 2,806,000 | $4.0M |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 3,327,000 | $3.5Mbefore exit |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Sold out | 1,463,000 | $3.4Mbefore exit |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 827,000 | $3.4Mbefore exit |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -27.1% | 63,040 | $3.4M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -27.1% | 67,316 | $3.2M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Sold out | 4,095,000 | $3.0Mbefore exit |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Add +2.5% | 32,816 | $2.7M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Reduce -69.6% | 2,622,000 | $2.6M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Sold out | 2,472,000 | $2.6Mbefore exit |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Sold out | 1,071,000 | $2.5Mbefore exit |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +25.3% | 56,437 | $2.5M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Reduce -16.9% | 2,193,000 | $2.5M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -63.6% | 2,437,000 | $2.3M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -78.8% | 2,316,000 | $2.2M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -61.7% | 29,337 | $2.2M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +1423.8% | 2,240,000 | $2.2M |
Showing the first 50 of 208.
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 |