Barclays PLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed March 31, 2026), Barclays PLC reported 4,401 stock positions worth $267.6 billion. Its top holding was Nvidia (NVDA) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Apple (AAPL, 4.0%). Compared with Q2 2025, it opened 333 new positions, sold out of 191, added to 1,320 and reduced 2,506. The biggest buy was Palantir Technologies Class A (PLTR, shares +34%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0000312069
- Portfolio Value
- $267.6B (Q3 2025)
- SEC Filing
- 0000312069-26-000090 ↗ filed Mar 31, 2026
Holdings Value
Holdings 4,401 stocks · $267.6B
| NVDA Nvidia Corp. | 6.09% | 87,398,793 | $16.3B | Reduce -13.3% |
| MSFT Microsoft Corp. | 5.27% | 27,227,978 | $14.1B | Add +1.0% |
| AAPL Apple Inc. | 3.98% | 41,840,175 | $10.7B | Reduce -8.1% |
| AMZN Amazon.com Inc. | 3.16% | 38,461,646 | $8.4B | Add +5.7% |
| TSLA Tesla Inc. | 2.71% | 16,315,731 | $7.3B | Reduce -20.4% |
| AVGO Broadcom Inc. | 2.45% | 19,860,308 | $6.6B | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 2.06% | 22,629,169 | $5.5B | Reduce -14.6% |
| META Meta Platforms Inc. Class A | 2.00% | 7,285,159 | $5.4B | Add +0.0% |
| JPM JPMorgan Chase & Co. | 1.66% | 14,062,065 | $4.4B | Reduce -3.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.40% | 5,607,687 | $3.7B | Reduce -31.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.29% | 6,889,008 | $3.5B | Add +2.3% |
| GOOG Alphabet Inc. Class C | 1.12% | 12,340,654 | $3.0B | Reduce -23.9% |
| V Visa Inc. Class A | 1.08% | 8,493,801 | $2.9B | Add +6.0% |
| PLTR Palantir Technologies Inc. Class A | 0.90% | 13,212,069 | $2.4B | Add +33.5% |
| NFLX Netflix Inc. | 0.87% | 1,946,842 | $2.3B | Add +14.6% |
| AMD Advanced Micro Devices | 0.80% | 13,216,885 | $2.1B | Reduce -7.2% |
| MA Mastercard Inc. Class A | 0.77% | 3,607,403 | $2.1B | Reduce -4.0% |
| HON Honeywell International Inc. | 0.72% | 9,159,743 | $1.9B | Add +10.3% |
| PEP Pepsico Inc. | 0.68% | 12,915,892 | $1.8B | Add +56.9% |
| ORCL Oracle Corp. | 0.59% | 5,588,330 | $1.6B | Add +24.5% |
| QCOM Qualcomm Inc. | 0.58% | 9,284,552 | $1.5B | Add +11.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.55% | 5,250,179 | $1.5B | Add +8.5% |
| LRCX Lam Research Corp. | 0.51% | 10,238,578 | $1.4B | Add +32.3% |
| WMT Walmart Inc. | 0.51% | 13,145,336 | $1.4B | Add +71.1% |
| COST Costco Wholesale Corp. | 0.50% | 1,449,080 | $1.3B | Add +9.9% |
| INTU Intuit Inc. | 0.49% | 1,918,415 | $1.3B | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.49% | 3,790,014 | $1.3B | Reduce -15.0% |
| HD Home Depot Inc. | 0.47% | 3,135,528 | $1.3B | Add +28.8% |
| CSCO Cisco Systems Inc. | 0.47% | 18,462,047 | $1.3B | Reduce -11.2% |
| XOM Exxon Mobil Corp. | 0.45% | 10,697,727 | $1.2B | Add +21.2% |
| AEP American Electric Power | 0.44% | 10,568,934 | $1.2B | Add +54.6% |
| PANW Palo Alto Networks Inc. | 0.44% | 5,804,717 | $1.2B | Add +30.0% |
| INTC Intel Corp. | 0.44% | 35,137,956 | $1.2B | Reduce -9.5% |
| LLY Eli Lilly & Co. | 0.43% | 1,510,758 | $1.2B | Add +0.4% |
| MU Micron Technology Inc. | 0.42% | 6,796,268 | $1.1B | Add +3.3% |
| ABBV Abbvie Inc. | 0.42% | 4,893,424 | $1.1B | Add +0.8% |
| GS Goldman Sachs Group Inc. | 0.42% | 1,395,069 | $1.1B | Reduce -25.3% |
| LIN Linde PLC | 0.41% | 2,315,443 | $1.1B | Add +0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 20,962,917 | $1.1B | Reduce -31.2% |
| NOW ServiceNow Inc. | 0.40% | 1,150,186 | $1.1B | Reduce -3.8% |
| JNJ Johnson & Johnson | 0.39% | 5,641,668 | $1.0B | Add +8.7% |
| TMO Thermo Fisher Scientific Inc. | 0.38% | 2,076,983 | $1.0B | Add +32.3% |
| CRM Salesforce Inc. | 0.37% | 4,177,618 | $990.1M | Add +7.3% |
| MCD McDonald's Corp. | 0.35% | 3,088,753 | $938.6M | Reduce -5.0% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 3,109,117 | $935.3M | Add +43.2% |
| AXP American Express Co. | 0.35% | 2,813,591 | $934.6M | Reduce -5.6% |
| KLAC KLA Corp. | 0.34% | 848,573 | $915.3M | Add +14.5% |
| PG The Procter & Gamble Co. | 0.34% | 5,929,171 | $911.0M | Reduce -10.0% |
| TXN Texas Instruments Inc. | 0.34% | 4,936,042 | $906.9M | Add +5.7% |
| ISRG Intuitive Surgical Inc. | 0.33% | 2,001,887 | $895.3M | Add +14.4% |
| PM Philip Morris International | 0.33% | 5,518,999 | $895.2M | Add +49.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 3,130,646 | $883.3M | Reduce -3.0% |
| ADBE Adobe Inc. | 0.32% | 2,413,198 | $851.3M | Reduce -17.9% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.32% | 10,380,554 | $842.8M | Add +573.1% |
| APH Amphenol Corp. Class A | 0.31% | 6,764,998 | $837.2M | Add +5.3% |
| AMAT Applied Materials Inc. | 0.31% | 4,060,052 | $831.3M | Add +1.4% |
| WFC Wells Fargo & Co. | 0.30% | 9,418,785 | $789.5M | Add +0.3% |
| C Citigroup Inc. | 0.29% | 7,567,932 | $768.1M | Add +60.9% |
| BKNG Booking Holdings Inc. | 0.28% | 141,250 | $762.6M | Add +16.8% |
| AMGN Amgen Inc. | 0.28% | 2,695,350 | $760.6M | Add +12.7% |
| TMUS T-Mobile US Inc. | 0.28% | 3,150,244 | $754.1M | Add +31.8% |
| KO The Coca-Cola Co. | 0.28% | 11,241,400 | $745.5M | Add +19.7% |
| MBB iShares MBS ETF | 0.27% | 7,632,784 | $726.3M | Add +77.1% |
| VLO Valero Energy Corp. | 0.26% | 4,143,672 | $705.5M | Add +5.3% |
| SHW The Sherwin-Williams Co. | 0.26% | 2,024,074 | $700.9M | Reduce -12.6% |
| ADP Automatic Data Processing | 0.26% | 2,375,193 | $697.1M | Reduce -12.7% |
| XLP SS Consumer Staples Sel Sect | 0.26% | 8,788,306 | $688.7M | Add +848.9% |
| MS Morgan Stanley | 0.25% | 4,222,036 | $671.1M | Add +37.4% |
| IWM iShares Russell 2000 ETF | 0.25% | 2,759,791 | $667.8M | Reduce -12.1% |
| APP AppLovin Corp. Class A | 0.25% | 928,062 | $666.8M | Add +63.0% |
| CVX Chevron Corp. | 0.25% | 4,246,449 | $659.4M | Add +41.1% |
| MDT Medtronic PLC | 0.24% | 6,831,203 | $650.6M | Add +104.6% |
| ADI Analog Devices Inc. | 0.24% | 2,578,574 | $633.6M | Reduce -1.8% |
| MRK Merck & Co. Inc. | 0.24% | 7,512,887 | $630.6M | Add +27.4% |
| T AT&T Inc. | 0.23% | 22,227,396 | $627.7M | Reduce -7.5% |
| IYR iShares US Real Estate ETF | 0.22% | 6,161,261 | $598.1M | Add +81.6% |
| XLC SS Comm Select Sector SPDR | 0.22% | 5,048,892 | $597.6M | Add +148.3% |
| AZO AutoZone Inc. | 0.22% | 137,151 | $588.4M | Reduce -31.3% |
| RTX RTX Corp. | 0.22% | 3,465,475 | $579.9M | Add +27.3% |
| VZ Verizon Communications Inc. | 0.22% | 13,145,674 | $577.8M | Add +5.3% |
| PGR Progressive Corp. | 0.22% | 2,334,183 | $576.4M | Add +8.4% |
| GILD Gilead Sciences Inc. | 0.21% | 5,173,148 | $574.2M | Reduce -15.2% |
| CRH CRH PLC | 0.21% | 4,759,177 | $570.6M | Reduce -37.7% |
| TLT iShares 20+ Year Treasury BD | 0.21% | 6,338,205 | $566.4M | Add +175.1% |
| CAT Caterpillar Inc. | 0.21% | 1,176,651 | $561.4M | Reduce -16.1% |
| GPN Global Payments Inc. | 0.21% | 6,734,415 | $559.5M | Add +42.5% |
| WDAY Workday Inc. Class A | 0.21% | 2,293,548 | $552.1M | Add +174.7% |
| ABT Abbott Laboratories | 0.20% | 4,074,465 | $545.7M | Add +9.8% |
| MCHP Microchip Technology Inc. | 0.20% | 8,406,673 | $539.9M | Reduce -7.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.20% | 886,577 | $532.3M | Reduce -66.5% |
| XLB SS Materials Select Sector | 0.20% | 5,912,957 | $529.9M | Add +28.4% |
| HCA HCA Healthcare Inc. | 0.20% | 1,230,892 | $524.6M | Reduce -2.4% |
| USB US Bancorp | 0.20% | 10,800,338 | $522.0M | Add +20.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 4,529,007 | $518.6M | Reduce -19.2% |
| UBER Uber Technologies Inc. | 0.19% | 5,217,961 | $511.2M | Reduce -2.7% |
| FERG Ferguson Enterprises Inc. | 0.19% | 2,262,619 | $508.1M | Add +14.9% |
| SNPS Synopsys Inc. | 0.19% | 1,017,185 | $501.9M | Reduce -2.6% |
| BLK BlackRock Inc. | 0.19% | 426,953 | $497.8M | Add +28.1% |
| XEL Xcel Energy Inc. | 0.18% | 6,098,386 | $491.8M | Add +54.3% |
| GPC Genuine Parts Co. | 0.18% | 3,528,297 | $489.0M | Add +0.6% |
Options reported separately and not counted above: SPY puts ($76.5B), SPY calls ($15.2B), QQQ puts ($13.2B), IWM puts ($11.0B), QQQ calls ($7.8B), IWM calls ($4.3B), HYG puts ($4.1B), TSLA puts ($3.1B), NVDA calls ($2.0B), MSFT calls ($1.9B), GOOGL puts ($1.7B), NVDA puts ($1.5B), and 889 more.
Other holdings (160): bonds, preferreds, convertibles and warrants · $4.5B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MSFT Microsoft Corp. | COM · principal | 794,117,000 | $4.1B | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 717,161 | $49.9M | Add +8.3% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 5,984,000 | $19.2M | Add +1033.3% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 11,656,000 | $17.7M | Reduce -1.7% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 17,523,000 | $17.6M | Add +127.6% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 4,858,000 | $13.7M | Add +30.1% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 9,280,000 | $13.7M | Add +230.7% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 11,508,000 | $12.4M | Reduce -6.8% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 176,608 | $12.0M | Add +8.8% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 9,801,000 | $11.6M | Add +964.2% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 1,975,025 | $10.7M | Reduce -20.6% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 6,900,000 | $9.7M | Reduce -1.8% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 8,522,000 | $9.4M | Add +82.8% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 6,441,000 | $8.1M | Add +55.7% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 7,655,000 | $7.9M | Add +69.4% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 4,827,000 | $6.6M | Reduce -21.6% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 2,394,000 | $5.8M | Add +528.4% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 109,880 | $5.8M | Add +74.3% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 80,284 | $5.6M | Add +173.7% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 108,157 | $5.4M | Add +1361.8% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 4,830,000 | $5.0M | Reduce -2.0% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 4,898,000 | $4.8M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 4,869,000 | $4.8M | Add +1501.6% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 4,048,000 | $4.6M | Reduce -28.1% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 2,787,000 | $4.5M | Reduce -8.1% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 111,065 | $4.2M | Reduce -30.8% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 3,773,000 | $4.1M | Reduce -33.6% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 3,505,000 | $4.0M | Add +1764.4% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 3,710,000 | $3.3M | Add +208.4% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 66,728 | $3.3M | Reduce -0.9% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 32,816 | $3.3M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 2,911,000 | $3.0M | Reduce -80.7% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 1,191,535 | $2.9M | Add +665.2% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 50,000 | $2.7M | Add +132.3% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 2,173,000 | $2.7M | New |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 1,679,000 | $2.2M | Add +0.4% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 1,800,000 | $2.0M | New |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 1,664,830 | $2.0M | Add +44.8% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,275,000 | $1.8M | Add +374.0% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 778,000 | $1.7M | Add +794.3% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 17,399 | $1.7M | Reduce -76.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,270,000 | $1.6M | Add +1121.2% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 1,451,000 | $1.6M | Reduce -61.1% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 1,471,000 | $1.6M | Reduce -78.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 1,591,000 | $1.5M | Add +8.4% |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,574,000 | $1.5M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 1,429,000 | $1.5M | Add +32.4% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 1,480,000 | $1.5M | Add +750.6% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 445,000 | $1.4M | Reduce -79.6% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 1,330,000 | $1.4M | Reduce -84.1% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,187,000 | $1.3M | Reduce -45.9% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 1,241,000 | $1.2M | Reduce -33.8% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 823,000 | $1.1M | Add +463.7% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 1,149,000 | $1.1M | Reduce -50.4% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 992,000 | $1.1M | Add +277.2% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 1,132,000 | $1.1M | Add +919.8% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 1,124,000 | $1.1M | Add +1379.0% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 1,096,000 | $1.1M | Reduce -84.9% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 1,082,000 | $1.0M | Add +63.4% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 929,000 | $984K | Add +58.0% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 358,000 | $860K | Add +2.9% |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | 100,000 | $849K | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 759,000 | $841K | Add +577.7% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 823,000 | $834K | Reduce -93.4% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 679,000 | $755K | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 544,000 | $730K | Add +1.9% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 530,000 | $668K | Add +3685.7% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 25,624 | $653K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 681,000 | $632K | Reduce -59.6% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 456,000 | $620K | Reduce -67.6% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 455,000 | $556K | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 437,000 | $544K | Add +7.1% |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 446,000 | $525K | Add +73.5% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 534,000 | $507K | Add +38.7% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 377,000 | $481K | Reduce -67.3% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 632,000 | $458K | Add +110.7% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 419,000 | $410K | Add +227.3% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 462,000 | $403K | Reduce -77.2% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 324,000 | $384K | Reduce -29.9% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 373,000 | $367K | No change |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 393,000 | $358K | New |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 316,000 | $338K | Reduce -4.2% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 259,000 | $338K | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 279,000 | $318K | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 7,787 | $307K | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 328,000 | $298K | Reduce -11.1% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 118,000 | $284K | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 203,000 | $280K | Reduce -81.3% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 191,000 | $253K | New |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 231,000 | $248K | Reduce -59.1% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 222,000 | $204K | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 214,000 | $195K | Reduce -40.6% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 49,000 | $194K | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 961,000 | $192K | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 210,000 | $187K | Reduce -77.9% |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 207,000 | $178K | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 185,000 | $177K | Reduce -81.9% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 181,000 | $176K | New |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 196,000 | $170K | New |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 128,000 | $164K | Reduce -56.6% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 165,000 | $158K | Reduce -75.2% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 126,000 | $125K | New |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 118,000 | $117K | Reduce -94.4% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 113,000 | $117K | Reduce -97.6% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 71,000 | $114K | Add +97.2% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 102,000 | $102K | No change |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 71,000 | $101K | Reduce -53.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 104,000 | $98K | No change |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 97,000 | $97K | New |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 12,906 | $95K | Reduce -40.3% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 99,000 | $82K | Reduce -72.4% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 39,000 | $81K | Reduce -76.1% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 82,000 | $81K | Reduce -93.5% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 77,000 | $77K | Reduce -96.1% |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 74,000 | $74K | Add +393.3% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 50,000 | $73K | Add +4.2% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 76,000 | $71K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 699,000 | $70K | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 75,000 | $67K | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 60,000 | $59K | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 63,000 | $55K | Add +6200.0% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 61,000 | $52K | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 880 | $52K | Reduce -83.8% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 30,000 | $45K | Add +1400.0% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 31,000 | $43K | Reduce -94.8% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 49,000 | $42K | New |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 44,000 | $41K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 405,000 | $40K | Reduce -88.1% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 34,000 | $35K | Reduce -60.5% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 35,000 | $33K | Reduce -34.0% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 31,000 | $29K | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 28,000 | $28K | New |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 10,000 | $24K | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 24,000 | $23K | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 16,000 | $22K | New |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 21,000 | $21K | Reduce -63.8% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 21,000 | $20K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 5,310 | $20K | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 15,000 | $16K | Reduce -99.4% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 11,000 | $11K | Reduce -88.8% |
| ASBPW Aspire Biopharma Holdin-CW27 | *W EXP 02/14/203 | 350,000 | $10K | No change |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 9,000 | $9K | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 8,000 | $8K | Reduce -76.5% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 3,000 | $7K | No change |
| ABPWW Atlantic Coast Acq -CW23 | *W EXP 11/12/202 | 250,000 | $6K | No change |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 1,605 | $4K | No change |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 4,000 | $4K | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 3,000 | $3K | No change |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 1,000 | $1K | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 1,000 | $922 | Reduce -99.6% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 66 | $815 | Reduce -80.1% |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 1,638 | $331 | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 390 | $142 | No change |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 63 | $111 | No change |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 500 | $100 | No change |
| TGE.WS Generation Essentials - 30 | *W EXP 02/15/202 | 685 | $90 | Reduce -0.1% |
| EXELA TECHNOLOGIES INC (XELA 6 PERP B) | 6% CONV PFD SR B | 24,900 | $50 | No change |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 500 | $9 | No change |
| SWVLW Pivotal Holdings Corp. -CW27 | *W EXP 99/99/999 | 238 | $2 | No change |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | 35 | $1 | Reduce -38.6% |
Total filed on the 13F, all lines: $272.0B.
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -31.5% | 1.40% | −0.65 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -66.5% | 0.20% | −0.39 |
| NVDA Nvidia Corp. | Reduce -13.3% | 6.09% | −0.34 |
| BAC Bank of America Corp. | Reduce -31.2% | 0.40% | −0.18 |
| CHTR Charter Communications Inc. Class A | Reduce -52.3% | 0.07% | −0.16 |
| NEM Newmont Corp. | Reduce -64.8% | 0.14% | −0.16 |
| XLY SS Consumer Disc Select Sect | Reduce -97.6% | 0.00% | −0.15 |
| ADBE Adobe Inc. | Reduce -17.9% | 0.32% | −0.14 |
| GS Goldman Sachs Group Inc. | Reduce -25.3% | 0.42% | −0.12 |
| CSCO Cisco Systems Inc. | Reduce -11.2% | 0.47% | −0.11 |
| NOW ServiceNow Inc. | Reduce -3.8% | 0.40% | −0.10 |
| ROP Roper Technologies Inc. | Reduce -47.2% | 0.07% | −0.10 |
| VCIT Vanguard Int-Term Corporate | Reduce -100.0% | 0.00% | −0.10 |
| VXX Ipath Series B S&P 500 Vix | Reduce -88.3% | 0.01% | −0.09 |
| DIS The Walt Disney Co. | Reduce -19.2% | 0.19% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -4.0% | 0.77% | −0.09 |
| DHR Danaher Corp. | Reduce -29.8% | 0.16% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -10.0% | 0.34% | −0.08 |
| LBRDK Liberty Broadband-C | Reduce -90.4% | 0.01% | −0.08 |
| FTNT Fortinet Inc. | Reduce -19.1% | 0.12% | −0.08 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.08 |
| AZO AutoZone Inc. | Reduce -31.3% | 0.22% | −0.08 |
| ADP Automatic Data Processing | Reduce -12.7% | 0.26% | −0.08 |
| IEX Idex Corp. | Reduce -73.5% | 0.02% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -15.0% | 0.49% | −0.07 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.07 |
| CRH CRH PLC | Reduce -37.7% | 0.21% | −0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -20.5% | 0.17% | −0.07 |
| SPGI S&P Global Inc. | Reduce -19.9% | 0.15% | −0.07 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.07 |
| ON On Semiconductor | Reduce -34.3% | 0.09% | −0.07 |
| NKE Nike Inc. Class B | Reduce -33.4% | 0.10% | −0.06 |
| SU Suncor Energy Inc. | Reduce -33.3% | 0.13% | −0.06 |
| SHW The Sherwin-Williams Co. | Reduce -12.6% | 0.26% | −0.06 |
| FXI iShares China Large-Cap ETF | Reduce -83.8% | 0.01% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -15.2% | 0.21% | −0.06 |
| ACN Accenture PLC Class A | Reduce -4.4% | 0.15% | −0.06 |
| MCHP Microchip Technology Inc. | Reduce -7.4% | 0.20% | −0.06 |
| MNST Monster Beverage Corp. | Reduce -30.5% | 0.13% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -3.0% | 0.33% | −0.05 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -61.3% | 0.03% | −0.05 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -73.7% | 0.02% | −0.05 |
| ESGR Enstar Group Ltd. | Sold out | 0.00% | −0.05 |
| FLUT Flutter Entertainment PLC-Di | Reduce -13.0% | 0.12% | −0.05 |
| ICE Intercontinental Exchange Inc. | Reduce -22.8% | 0.09% | −0.05 |
| T AT&T Inc. | Reduce -7.5% | 0.23% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -19.0% | 0.09% | −0.05 |
| BRO Brown & Brown Inc. | Reduce -15.7% | 0.09% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -2.4% | 0.17% | −0.04 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| PLTR Palantir Technologies Inc. Class A | Add +33.5% | 0.90% | +0.36 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +573.1% | 0.32% | +0.26 |
| PEP Pepsico Inc. | Add +56.9% | 0.68% | +0.24 |
| XLP SS Consumer Staples Sel Sect | Add +848.9% | 0.26% | +0.23 |
| LRCX Lam Research Corp. | Add +32.3% | 0.51% | +0.21 |
| WMT Walmart Inc. | Add +71.1% | 0.51% | +0.20 |
| ORCL Oracle Corp. | Add +24.5% | 0.59% | +0.19 |
| APP AppLovin Corp. Class A | Add +63.0% | 0.25% | +0.17 |
| AEP American Electric Power | Add +54.6% | 0.44% | +0.16 |
| ALAB Astera Labs Inc. | Add +3711.6% | 0.15% | +0.15 |
| XLC SS Comm Select Sector SPDR | Add +148.3% | 0.22% | +0.13 |
| TLT iShares 20+ Year Treasury BD | Add +175.1% | 0.21% | +0.13 |
| SJM The JM Smucker Co. | Add +386.9% | 0.16% | +0.13 |
| MDT Medtronic PLC | Add +104.6% | 0.24% | +0.13 |
| C Citigroup Inc. | Add +60.9% | 0.29% | +0.13 |
| WDAY Workday Inc. Class A | Add +174.7% | 0.21% | +0.13 |
| GE General Electric | Add +43.2% | 0.35% | +0.12 |
| TMO Thermo Fisher Scientific Inc. | Add +32.3% | 0.38% | +0.12 |
| BABA Alibaba Group Holding-SP ADR | Add +244.3% | 0.14% | +0.11 |
| HD Home Depot Inc. | Add +28.8% | 0.47% | +0.11 |
| MBB iShares MBS ETF | Add +77.1% | 0.27% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +8.5% | 0.55% | +0.11 |
| MU Micron Technology Inc. | Add +3.3% | 0.42% | +0.10 |
| PSKY Paramount Skydance Class B | New | 0.10% | +0.10 |
| IYR iShares US Real Estate ETF | Add +81.6% | 0.22% | +0.09 |
| KRE SS SPDR S&P Regional Bank | Add +2274.5% | 0.10% | +0.09 |
| JCI Johnson Controls Internation | Add +124.4% | 0.16% | +0.09 |
| PH Parker Hannifin Corp. | Add +134.8% | 0.15% | +0.09 |
| CYBR Cyberark Software Ltd./Israel | Add +948.3% | 0.09% | +0.08 |
| MS Morgan Stanley | Add +37.4% | 0.25% | +0.08 |
| XEL Xcel Energy Inc. | Add +54.3% | 0.18% | +0.08 |
| BURL Burlington Stores Inc. | Add +526.2% | 0.09% | +0.07 |
| KLAC KLA Corp. | Add +14.5% | 0.34% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +30.0% | 0.44% | +0.07 |
| CVX Chevron Corp. | Add +41.1% | 0.25% | +0.07 |
| HOOD Robinhood Markets Inc. Class A | Add +49.5% | 0.14% | +0.07 |
| JNJ Johnson & Johnson | Add +8.7% | 0.39% | +0.07 |
| XOM Exxon Mobil Corp. | Add +21.2% | 0.45% | +0.07 |
| XLE SS Energy Select Sector | Add +93.2% | 0.14% | +0.07 |
| GLPI Gaming and Leisure Propertie | Add +1525.0% | 0.07% | +0.07 |
| PM Philip Morris International | Add +49.3% | 0.33% | +0.06 |
| MCO Moody's Corp. | Add +77.9% | 0.17% | +0.06 |
| ABBV Abbvie Inc. | Add +0.8% | 0.42% | +0.06 |
| SE Sea Ltd.-ADR | Add +95.7% | 0.12% | +0.06 |
| XBI SS SPDR S&P Biotech ETF | Add +287.5% | 0.08% | +0.06 |
| APH Amphenol Corp. Class A | Add +5.3% | 0.31% | +0.06 |
| GPN Global Payments Inc. | Add +42.5% | 0.21% | +0.06 |
| FISV Fiserv Inc. | Add +116.0% | 0.17% | +0.06 |
| RTX RTX Corp. | Add +27.3% | 0.22% | +0.06 |
| PTC PTC Inc. | Add +237.3% | 0.08% | +0.06 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -16.6% | 114,902,200 | $76.5B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -22.2% | 22,832,300 | $15.2B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +19.5% | 22,035,900 | $13.2B |
| IWM iShares Russell 2000 ETF | put | Add +5.3% | 45,367,400 | $11.0B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +12.7% | 13,000,100 | $7.8B |
| IWM iShares Russell 2000 ETF | call | Reduce -44.4% | 17,632,000 | $4.3B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +147.0% | 50,010,000 | $4.1B |
| TSLA Tesla Inc. | put | Add +104.6% | 6,966,100 | $3.1B |
| NVDA Nvidia Corp. | call | Reduce -24.2% | 10,702,500 | $2.0B |
| MSFT Microsoft Corp. | call | Reduce -4.8% | 3,688,100 | $1.9B |
| GOOGL Alphabet Inc. Class A | put | Add +1.3% | 7,109,100 | $1.7B |
| NVDA Nvidia Corp. | put | Reduce -39.6% | 8,092,200 | $1.5B |
| GOOG Alphabet Inc. Class C | call | Add +338.1% | 6,057,100 | $1.5B |
| GOOGL Alphabet Inc. Class A | call | Add +60.0% | 5,504,200 | $1.3B |
| MSFT Microsoft Corp. | put | Add +31.1% | 2,526,300 | $1.3B |
| TLT iShares 20+ Year Treasury BD | call | Add +32.9% | 12,121,100 | $1.1B |
| FXI iShares China Large-Cap ETF | call | Add +23.8% | 24,248,500 | $997.6M |
| AAPL Apple Inc. | put | Reduce -5.3% | 3,518,500 | $895.9M |
| TLT iShares 20+ Year Treasury BD | put | Add +212.5% | 9,845,000 | $879.8M |
| AAPL Apple Inc. | call | Reduce -18.9% | 3,060,900 | $779.4M |
| ETN Eaton Corp. PLC | call | Sold out | 1,919,900 | $685.4Mbefore exit |
| AVGO Broadcom Inc. | call | Add +246.0% | 2,043,200 | $674.1M |
| CVNA Carvana Co. | call | Add +113.1% | 1,672,900 | $631.1M |
| META Meta Platforms Inc. Class A | put | Reduce -16.0% | 857,100 | $629.4M |
| IEF iShares 7-10 Year Treasury B | put | New | 6,394,600 | $616.8M |
| BABA Alibaba Group Holding-SP ADR | call | Add +33.8% | 3,394,500 | $606.7M |
| EEM iShares MSCI Emerging Market | call | Add +513.4% | 10,274,200 | $548.6M |
| XLE SS Energy Select Sector | put | Reduce -22.8% | 5,860,000 | $523.5M |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -20.9% | 1,705,200 | $476.2M |
| AMD Advanced Micro Devices | put | Add +55.6% | 2,800,300 | $453.1M |
| EFA iShares MSCI Eafe ETF | call | Add +19.0% | 4,774,900 | $445.8M |
| ARM Arm Holdings PLC-ADR | put | Add +132.1% | 2,918,700 | $413.0M |
| EEM iShares MSCI Emerging Market | put | Add +66.8% | 7,650,000 | $408.5M |
| AMZN Amazon.com Inc. | put | Add +90.1% | 1,845,900 | $405.3M |
| VRT Vertiv Holdings Co. Class A | call | Sold out | 3,098,900 | $397.9Mbefore exit |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Add +50.8% | 3,437,100 | $383.1M |
| GEV GE Vernova Inc. | put | Reduce -15.8% | 617,100 | $379.5M |
| TSLA Tesla Inc. | call | Reduce -37.0% | 851,000 | $378.5M |
| AMZN Amazon.com Inc. | call | Reduce -24.9% | 1,717,500 | $377.1M |
| FXI iShares China Large-Cap ETF | put | Add +20.2% | 9,136,200 | $375.9M |
| BA The Boeing Co. | put | Reduce -0.7% | 1,736,600 | $374.8M |
| TSM Taiwan Semiconductor-SP ADR | call | Reduce -14.5% | 1,292,200 | $360.9M |
| INTC Intel Corp. | call | Add +89.9% | 10,294,900 | $345.4M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | Add +909.0% | 3,027,100 | $337.4M |
| XLF SS Financial Select Sector | call | Reduce -24.2% | 6,200,000 | $334.0M |
| XLF SS Financial Select Sector | put | Reduce -15.9% | 6,180,500 | $332.9M |
| VRT Vertiv Holdings Co. Class A | put | Reduce -30.1% | 2,181,000 | $329.0M |
| INTC Intel Corp. | put | Add +33.4% | 9,322,000 | $312.8M |
| AVGO Broadcom Inc. | put | Reduce -52.7% | 943,200 | $311.2M |
| META Meta Platforms Inc. Class A | call | Reduce -75.0% | 422,900 | $310.6M |
Showing the first 50 of 934.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +8.3% | 717,161 | $49.9M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +1033.3% | 5,984,000 | $19.2M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -1.7% | 11,656,000 | $17.7M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +127.6% | 17,523,000 | $17.6M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +30.1% | 4,858,000 | $13.7M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +230.7% | 9,280,000 | $13.7M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -6.8% | 11,508,000 | $12.4M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +8.8% | 176,608 | $12.0M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Add +964.2% | 9,801,000 | $11.6M |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | Reduce -20.6% | 1,975,025 | $10.7M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -1.8% | 6,900,000 | $9.7M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Add +82.8% | 8,522,000 | $9.4M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 8,765,000 | $8.1Mbefore exit |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +55.7% | 6,441,000 | $8.1M |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Add +69.4% | 7,655,000 | $7.9M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -21.6% | 4,827,000 | $6.6M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 6,019,000 | $6.1Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +528.4% | 2,394,000 | $5.8M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +74.3% | 109,880 | $5.8M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +173.7% | 80,284 | $5.6M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +1361.8% | 108,157 | $5.4M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -2.0% | 4,830,000 | $5.0M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | New | 4,898,000 | $4.8M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +1501.6% | 4,869,000 | $4.8M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Sold out | 5,170,000 | $4.7Mbefore exit |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | Sold out | 3,916,000 | $4.6Mbefore exit |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Reduce -28.1% | 4,048,000 | $4.6M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -8.1% | 2,787,000 | $4.5M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -30.8% | 111,065 | $4.2M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -33.6% | 3,773,000 | $4.1M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +1764.4% | 3,505,000 | $4.0M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +208.4% | 3,710,000 | $3.3M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -0.9% | 66,728 | $3.3M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -80.7% | 2,911,000 | $3.0M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +665.2% | 1,191,535 | $2.9M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Add +132.3% | 50,000 | $2.7M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 2,173,000 | $2.7M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Sold out | 56,437 | $2.5Mbefore exit |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Sold out | 2,437,000 | $2.3Mbefore exit |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 2,240,000 | $2.2Mbefore exit |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Add +0.4% | 1,679,000 | $2.2M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 1,800,000 | $2.0M |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | Add +44.8% | 1,664,830 | $2.0M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +374.0% | 1,275,000 | $1.8M |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Sold out | 633,000 | $1.8Mbefore exit |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | Add +794.3% | 778,000 | $1.7M |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 6,627,000 | $1.7Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Reduce -76.0% | 17,399 | $1.7M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +1121.2% | 1,270,000 | $1.6M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 1,268,000 | $1.6Mbefore exit |
Showing the first 50 of 184.
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 |