Barings LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Barings LLC reported 163 stock positions worth $5.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 22.6% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 10.7%) and iShares Russell 2000 Growth (IWO, 10.3%). Compared with Q3 2025, it opened 15 new positions, sold out of 17, added to 45 and reduced 60. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +7%) and the biggest sale iShares Expanded Tech-Softwa (IGV, shares −60%).

Most Recent 13F
Q2 2026
Location
CHARLOTTE, NC
CIK
0000009015
Portfolio Value
$5.2B (Q4 2025)
SEC Filing
0000009015-26-000006 ↗ filed Feb 12, 2026

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $3.9B Q1 2024 Q2 2024: $4.1B Q2 2024 Q3 2024: $4.2B Q3 2024 Q4 2024: $4.2B Q4 2024 Q1 2025: $3.9B Q1 2025 Q2 2025: $4.2B Q2 2025 Q3 2025: $5.1B Q3 2025 Q4 2025: $5.2B $5.2B Q4 2025 Q1 2026: $6.0B Q1 2026 Q2 2026: $5.4B Q2 2026

Holdings 163 stocks · $5.2B
IVV iShares Core S&P 500 ETF 22.62% 1,717,450 $1.2B Add +7.1%
QQQ Invesco QQQ Trust Series 1 10.72% 906,307 $561.4M Add +1.3%
IWO iShares Russell 2000 Growth 10.31% 1,657,750 $540.0M Add +2.0%
VCSH Vanguard S/T Corp. Bond ETF 7.77% 5,108,527 $407.3M No change
IGSB iShares 1-5Y Inv Grade Corp. 6.90% 6,840,027 $361.7M No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 5.83% 2,771,727 $305.4M No change
JAAA Janus Henderson Aaa Clo ETF 5.79% 6,000,000 $303.5M No change
BBDC Barings BDC Inc. 2.39% 13,639,681 $125.2M No change
VT Vanguard Tot World STK ETF 2.38% 884,856 $124.8M Add +9.0%
PDD PDD Holdings Inc. 1.42% 654,567 $74.2M Add +21.4%
SPY SS SPDR S&P 500 ETF Trust-US 1.27% 97,330 $66.4M Reduce -15.2%
IEF iShares 7-10 Year Treasury B 1.21% 659,861 $63.5M Add +4.4%
URTH iShares MSCI World ETF 1.02% 288,921 $53.7M Reduce -7.1%
AU Anglogold Ashanti PLC 0.89% 539,228 $46.5M Reduce -19.4%
USHY iShares Broad Usd High Yield 0.85% 1,191,000 $44.5M Add +0.7%
WPM Wheaton Precious Metals Corp. 0.85% 378,880 $44.5M Reduce -15.2%
ARX Accelerant Holdings Class A 0.80% 3,128,867 $41.9M No change
FLOT iShares Floating Rate Bond E 0.76% 780,000 $39.7M No change
IVW iShares S&P 500 Growth ETF 0.63% 269,017 $33.2M Reduce -27.5%
IEV iShares Europe ETF 0.62% 472,278 $32.4M Reduce -16.6%
CRH CRH PLC 0.62% 258,726 $32.3M Reduce -7.1%
VGT Vanguard Info Tech ETF 0.55% 38,218 $28.8M Add +148.0%
SE Sea Ltd.-ADR 0.55% 223,923 $28.6M Add +6.9%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.54% 466,291 $28.4M Add +9.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.51% 1,584,505 $26.5M Reduce -0.1%
TTE Totalenergies SE 0.51% 406,567 $26.5M New
AON Aon PLC Class A 0.48% 71,077 $25.1M Add +19.2%
HDB HDFC Bank Ltd.-ADR 0.48% 682,813 $24.9M Add +14.6%
VOO Vanguard S&P 500 ETF 0.42% 35,299 $22.1M No change
QGEN Qiagen N.V. 0.35% 407,259 $18.6M No change
EMBD Global X Emerging Markets BD 0.30% 651,200 $15.6M Reduce -4.8%
VCLT Vanguard Long-Term Corp. Bond 0.28% 190,000 $14.4M Add +111.3%
EWJ iShares MSCI Japan ETF 0.27% 177,148 $14.3M Reduce -10.8%
NEM Newmont Corp. 0.27% 141,128 $14.1M Add +24.0%
CVX Chevron Corp. 0.27% 92,398 $14.1M Reduce -0.0%
EOSE Eos Energy Enterprises Inc. 0.26% 1,204,430 $13.8M No change
ONC Beone Medicines Ltd.-ADR 0.25% 42,815 $13.0M Reduce -23.0%
CTGO Contango Silver & Gold Inc. 0.24% 476,190 $12.6M No change
XOM Exxon Mobil Corp. 0.23% 102,087 $12.3M No change
FCX Freeport-McMoran Inc. 0.23% 235,039 $11.9M Add +95.7%
IGV iShares Expanded Tech-Softwa 0.22% 108,479 $11.5M Reduce -60.0%
VALE Vale SA-SP ADR 0.22% 878,365 $11.4M Add +10.8%
EEM iShares MSCI Emerging Market 0.21% 197,788 $10.8M Reduce -62.7%
COP Conocophillips 0.21% 114,783 $10.7M Add +1.8%
NBR Nabors Industries Ltd. 0.19% 179,841 $9.8M Reduce -15.4%
ENB Enbridge Inc. 0.17% 185,942 $8.9M No change
SCCO Southern Copper Corp. 0.17% 61,478 $8.8M Add +700.0%
QQQM Invesco Nasdaq 100 ETF 0.16% 32,670 $8.3M Reduce -11.8%
BAP Credicorp Ltd. 0.15% 28,289 $8.1M Reduce -7.9%
JXI iShares Global Utilities ETF 0.15% 102,707 $8.1M No change
FMX Fomento Economico Mex-SP ADR 0.15% 79,217 $8.0M Add +9.1%
EOG EOG Resources Inc. 0.15% 75,916 $8.0M Add +9.0%
NTR Nutrien Ltd. 0.15% 126,808 $7.8M Add +55.2%
FN Fabrinet 0.15% 17,033 $7.8M No change
AEM Agnico Eagle Mines Ltd. 0.15% 45,029 $7.6M No change
PAAS Pan American Silver Corp. 0.14% 138,681 $7.2M Reduce -17.5%
DAR Darling Ingredients Inc. 0.13% 189,772 $6.8M Reduce -22.1%
EQT Eqt Corp. 0.13% 126,786 $6.8M No change
AXIAY Axia Energia-ADR filed as CENTRAIS ELET BRAS SA 0.13% 723,802 $6.6M Add +7.3%
MSFT Microsoft Corp. 0.13% 13,598 $6.6M Add +0.9%
ITUB Itau Unibanco H-Spon PRF ADR 0.12% 891,821 $6.4M Reduce -21.4%
EZU iShares MSCI Eurozone ETF 0.12% 99,439 $6.4M No change
CPT Camden Property Trust 0.12% 57,104 $6.3M No change
TECK Teck Resources Ltd.-CLS B 0.12% 129,609 $6.2M Add +35.6%
GDX Vaneck Gold Miners ETF 0.11% 68,047 $5.8M Add +738.7%
NVDA Nvidia Corp. 0.11% 30,750 $5.7M Reduce -14.3%
EPAM Epam Systems Inc. 0.10% 26,486 $5.4M New
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.10% 77,312 $5.3M New
CTVA Corteva Inc. 0.10% 74,807 $5.0M Reduce -36.5%
PBR.A Petroleo Brasil-SP Pref ADR 0.09% 428,646 $4.8M No change
ACWI iShares MSCI Acwi ETF 0.09% 33,428 $4.7M Add +15.6%
AMZN Amazon.com Inc. 0.09% 19,799 $4.6M Reduce -16.8%
MPV Barings Participation Invest 0.09% 283,014 $4.5M Add +0.9%
CTRA Coterra Energy Inc. 0.08% 167,626 $4.4M Add +96.5%
LIN Linde PLC 0.08% 9,604 $4.1M Reduce -66.9%
CCJ Cameco Corp. 0.08% 44,548 $4.1M Add +47.1%
GOOGL Alphabet Inc. Class A 0.08% 13,012 $4.1M Reduce -13.5%
MCI Barings Corporate Investors 0.08% 219,664 $4.0M No change
BG Bunge Global SA 0.08% 44,655 $4.0M Add +16.5%
ICSH iShares Ultra Short Duration 0.08% 78,600 $4.0M New
GLD SPDR Gold Shares 0.07% 9,828 $3.9M Reduce -43.5%
SU Suncor Energy Inc. 0.07% 87,175 $3.9M Reduce -75.4%
AAPL Apple Inc. 0.07% 13,353 $3.6M Reduce -2.3%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.07% 45,674 $3.5M Add +207.5%
CIB Grupo Cibest SA-ADR 0.07% 54,273 $3.5M Reduce -44.6%
IGF iShares Global Infrastructur 0.06% 54,808 $3.4M Add +10.2%
ADM Archer-Daniels-Midland Co. 0.06% 58,121 $3.3M Reduce -56.0%
DE Deere & Co. 0.06% 7,130 $3.3M Reduce -3.5%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.06% 52,076 $3.3M No change
VLO Valero Energy Corp. 0.06% 19,903 $3.2M No change
V Visa Inc. Class A 0.06% 9,222 $3.2M Add +22.1%
FPE FT-Preferred Secur & Inc. ETF 0.06% 175,090 $3.2M Reduce -36.4%
TCPC BlackRock TCP Capital Corp. 0.06% 540,615 $3.0M Add +12.6%
JPM JPMorgan Chase & Co. 0.05% 8,627 $2.8M Add +51.0%
META Meta Platforms Inc. Class A 0.05% 4,156 $2.7M Add +48.2%
TSCO Tractor Supply Company 0.05% 52,370 $2.6M Reduce -3.7%
MOAT Vaneck Morningstar Wide Moat 0.05% 24,935 $2.6M No change
WY Weyerhaeuser Co. 0.05% 104,457 $2.5M Reduce -2.9%
EWH iShares MSCI Hong Kong ETF 0.04% 108,175 $2.3M Reduce -34.0%
SHW The Sherwin-Williams Co. 0.04% 7,091 $2.3M No change
BLFS Biolife Solutions Inc. 0.04% 91,316 $2.2M No change
SUSC iShares ESG Aware Usd Corpor 0.04% 90,424 $2.1M Reduce -25.5%
MOS The Mosaic Co. 0.04% 85,299 $2.1M Add +15.4%
LLY Eli Lilly & Co. 0.04% 1,865 $2.0M Add +228.3%
MAA Mid-America Apartment Comm 0.04% 14,312 $2.0M No change
INTU Intuit Inc. 0.04% 2,975 $2.0M Add +7.8%
AGCO Agco Corp. 0.04% 17,737 $1.9M Reduce -3.7%
PCH Potlatchdeltic Corp. 0.03% 43,064 $1.7M Reduce -55.3%
AXICY Axia Energia-ADR Pref C filed as CENTRAIS ELET BRAS SA 0.03% 190,242 $1.6M New
FIS Fidelity National Info Serv 0.03% 23,702 $1.6M No change
ABEV Ambev SA-ADR 0.03% 621,824 $1.5M No change
BABA Alibaba Group Holding-SP ADR 0.03% 10,195 $1.5M New
INGR Ingredion Inc. 0.03% 13,233 $1.5M Reduce -10.4%
URI United Rentals Inc. 0.03% 1,793 $1.5M Reduce -28.5%
XLK SS Technology Select Sector 0.03% 9,482 $1.4M New
KR Kroger Co. 0.03% 21,403 $1.3M Reduce -3.7%
HNRG Hallador Energy Co. 0.03% 69,239 $1.3M No change
TSN Tyson Foods Inc. Class A 0.02% 21,946 $1.3M Reduce -3.7%
CNH CNH Industrial NV 0.02% 135,600 $1.3M Reduce -3.7%
IEUR iShares Core MSCI Europe ETF 0.02% 17,508 $1.2M No change
VWO Vanguard Ftse Emerging Marke 0.02% 22,940 $1.2M Reduce -43.7%
AVB Avalonbay Communities Inc. 0.02% 6,454 $1.2M No change
AXON Axon Enterprise Inc. 0.02% 1,741 $989K Reduce -0.8%
AVGO Broadcom Inc. 0.02% 2,803 $970K Reduce -0.1%
SLQD iShares 0-5 YR Inv GRD Corp. 0.02% 18,271 $926K Reduce -16.6%
GOOG Alphabet Inc. Class C 0.02% 2,893 $908K Reduce -0.3%
RACE Ferrari NV 0.02% 2,382 $891K Reduce -62.7%
PBR Petroleo Brasileiro-Spon ADR 0.02% 73,545 $872K No change
ELME Elme Communities 0.02% 49,487 $861K No change
IBND SS SPDR BB Intl Corp. BD ETF 0.02% 26,088 $838K Reduce -72.4%
EAGG iShares ESG Aware US Aggrega 0.02% 17,310 $828K No change
TLH iShares 10-20 Year Treasury 0.02% 7,985 $812K New
ESS Essex Property Trust Inc. 0.02% 3,019 $790K No change
TSLA Tesla Inc. 0.01% 1,714 $771K Reduce -1.0%
PPC Pilgrim's Pride Corp. 0.01% 19,328 $754K Reduce -41.1%
MCD McDonald's Corp. 0.01% 2,045 $625K Reduce -23.5%
PAVE Global X US Infrastructure 0.01% 12,744 $609K No change
TKO Tko Group Holdings Inc. 0.01% 2,851 $596K Reduce -72.2%
MICC The Magnum Ice Cream Co. NV 0.01% 33,796 $535K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 2,897 $445K Reduce -33.5%
BRK.B Berkshire Hathaway Inc. Class B 0.01% 853 $429K Add +4.3%
JNJ Johnson & Johnson 0.01% 1,855 $384K Reduce -7.3%
IBN Icici Bank Ltd.-Spon ADR 0.01% 10,724 $320K Add +7.6%
MA Mastercard Inc. Class A 0.01% 557 $318K Add +2.6%
ABBV Abbvie Inc. 0.01% 1,298 $297K Add +34.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 5,264 $290K No change
PLTR Palantir Technologies Inc. Class A 0.01% 1,481 $263K Add +10.9%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.00% 1,579 $259K Reduce -6.0%
BGH Barings GLBL SHRT Dur Hi YLD 0.00% 15,523 $233K Add +2.4%
TMO Thermo Fisher Scientific Inc. 0.00% 392 $227K Reduce -5.8%
NFLX Netflix Inc. 0.00% 2,267 $213K Reduce -20.2%
MRK Merck & Co. Inc. 0.00% 2,011 $212K New
ORCL Oracle Corp. 0.00% 1,085 $211K No change
GE General Electric filed as GE AEROSPACE 0.00% 683 $210K New
KORE Kore Group Holdings Inc. 0.00% 49,433 $209K No change
ABT Abbott Laboratories 0.00% 1,644 $206K Reduce -2.3%
GS Goldman Sachs Group Inc. 0.00% 234 $206K New
HD Home Depot Inc. 0.00% 597 $205K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.00% 686 $203K New
C Citigroup Inc. 0.00% 1,732 $202K New
CURI Curiositystream Inc. 0.00% 27,930 $106K No change
WIT Wipro Ltd.-ADR 0.00% 34,365 $98K No change
NBIS Nebius Group NV 0.00% 90,661 $0 No change
Other holdings (6): bonds, preferreds, convertibles and warrants · $188.3M (not counted above)
SecurityClassShares / PrincipalValueChange
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 75,891,000$81.7MAdd +22.7%
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 38,105,000$39.2MAdd +26.6%
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal 22,093,000$22.2MReduce -2.8%
UNITI GROUP INC (UNIT 7.5 12/01/27) NOTE 7.500%12/0 · principal 16,735,000$18.4MNo change
OMNICELL INC (OMCL 1 12/01/29) NOTE 1.000%12/0 · principal 15,735,000$17.0MNew
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 10,000,000$9.8MNo change

Total filed on the 13F, all lines: $5.4B.

Portfolio Sells Q3 2025 → Q4 2025
IGV iShares Expanded Tech-Softwa Reduce -60.0% 0.22% −0.39
EEM iShares MSCI Emerging Market Reduce -62.7% 0.21% −0.35
IVW iShares S&P 500 Growth ETF Reduce -27.5% 0.63% −0.24
SPY SS SPDR S&P 500 ETF Trust-US Reduce -15.2% 1.27% −0.23
YUMC Yum China Holdings Inc. Sold out 0.00% −0.22
SU Suncor Energy Inc. Reduce -75.4% 0.07% −0.22
LIN Linde PLC Reduce -66.9% 0.08% −0.19
VNET Vnet Group Inc.-ADR Sold out 0.00% −0.17
WPM Wheaton Precious Metals Corp. Reduce -15.2% 0.85% −0.13
ONC Beone Medicines Ltd.-ADR Reduce -23.0% 0.25% −0.12
NUE Nucor Corp. Sold out 0.00% −0.12
IEV iShares Europe ETF Reduce -16.6% 0.62% −0.11
ADM Archer-Daniels-Midland Co. Reduce -56.0% 0.06% −0.09
URTH iShares MSCI World ETF Reduce -7.1% 1.02% −0.08
CTVA Corteva Inc. Reduce -36.5% 0.10% −0.06
GLD SPDR Gold Shares Reduce -43.5% 0.07% −0.05
PCH Potlatchdeltic Corp. Reduce -55.3% 0.03% −0.04
IBND SS SPDR BB Intl Corp. BD ETF Reduce -72.4% 0.02% −0.04
RACE Ferrari NV Reduce -62.7% 0.02% −0.04
ITUB Itau Unibanco H-Spon PRF ADR Reduce -21.4% 0.12% −0.04
EWJ iShares MSCI Japan ETF Reduce -10.8% 0.27% −0.04
TBBB BBB Foods Inc. Class A Sold out 0.00% −0.04
FPE FT-Preferred Secur & Inc. ETF Reduce -36.4% 0.06% −0.04
CRH CRH PLC Reduce -7.1% 0.62% −0.04
CIB Grupo Cibest SA-ADR Reduce -44.6% 0.07% −0.03
AU Anglogold Ashanti PLC Reduce -19.4% 0.89% −0.03
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.03
TKO Tko Group Holdings Inc. Reduce -72.2% 0.01% −0.03
BIZD Vaneck BDC Income ETF Sold out 0.00% −0.03
EWH iShares MSCI Hong Kong ETF Reduce -34.0% 0.04% −0.03
QQQM Invesco Nasdaq 100 ETF Reduce -11.8% 0.16% −0.02
NVDA Nvidia Corp. Reduce -14.3% 0.11% −0.02
EMBD Global X Emerging Markets BD Reduce -4.8% 0.30% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -43.7% 0.02% −0.02
URI United Rentals Inc. Reduce -28.5% 0.03% −0.02
DAR Darling Ingredients Inc. Reduce -22.1% 0.13% −0.02
LIF LIFE360 Inc. Sold out 0.00% −0.02
SUSC iShares ESG Aware Usd Corpor Reduce -25.5% 0.04% −0.02
AMZN Amazon.com Inc. Reduce -16.8% 0.09% −0.02
CRM Salesforce Inc. Sold out 0.00% −0.01
GPK Graphic Packaging Holding Co. Sold out 0.00% −0.01
NET Cloudflare Inc. Class A Sold out 0.00% −0.01
CPNG Coupang Inc. Sold out 0.00% −0.01
CVX Chevron Corp. Reduce -0.0% 0.27% −0.01
PPC Pilgrim's Pride Corp. Reduce -41.1% 0.01% −0.01
TSCO Tractor Supply Company Reduce -3.7% 0.05% −0.01
INGR Ingredion Inc. Reduce -10.4% 0.03% −0.01
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.01
NEE Nextera Energy Inc. Sold out 0.00% −0.01
EEMA iShares MSCI Emerg MRKT Asia Sold out 0.00% −0.01

Portfolio Buys Q3 2025 → Q4 2025
IVV iShares Core S&P 500 ETF Add +7.1% 22.62% +1.69
TTE Totalenergies SE New 0.51% +0.51
VGT Vanguard Info Tech ETF Add +148.0% 0.55% +0.32
QQQ Invesco QQQ Trust Series 1 Add +1.3% 10.72% +0.23
VT Vanguard Tot World STK ETF Add +9.0% 2.38% +0.19
SCCO Southern Copper Corp. Add +700.0% 0.17% +0.15
VCLT Vanguard Long-Term Corp. Bond Add +111.3% 0.28% +0.14
IWO iShares Russell 2000 Growth Add +2.0% 10.31% +0.14
FCX Freeport-McMoran Inc. Add +95.7% 0.23% +0.14
EPAM Epam Systems Inc. New 0.10% +0.10
SQM Quimica Y Minera Chil-SP ADR New 0.10% +0.10
GDX Vaneck Gold Miners ETF Add +738.7% 0.11% +0.10
NEM Newmont Corp. Add +24.0% 0.27% +0.08
HDB HDFC Bank Ltd.-ADR Add +14.6% 0.48% +0.08
ICSH iShares Ultra Short Duration New 0.08% +0.08
AON Aon PLC Class A Add +19.2% 0.48% +0.06
NTR Nutrien Ltd. Add +55.2% 0.15% +0.06
VALE Vale SA-SP ADR Add +10.8% 0.22% +0.05
DYNF Ishrs US E F R A ETF-Usd Inc. Add +9.8% 0.54% +0.05
CTRA Coterra Energy Inc. Add +96.5% 0.08% +0.04
CF CF Industries Holdings Inc. Add +207.5% 0.07% +0.04
TECK Teck Resources Ltd.-CLS B Add +35.6% 0.12% +0.04
AXICY Axia Energia-ADR Pref C New 0.03% +0.03
LLY Eli Lilly & Co. Add +228.3% 0.04% +0.03
BABA Alibaba Group Holding-SP ADR New 0.03% +0.03
CCJ Cameco Corp. Add +47.1% 0.08% +0.03
XLK SS Technology Select Sector New 0.03% +0.03
PDD PDD Holdings Inc. Add +21.4% 1.42% +0.02
IEF iShares 7-10 Year Treasury B Add +4.4% 1.21% +0.02
JPM JPMorgan Chase & Co. Add +51.0% 0.05% +0.02
TLH iShares 10-20 Year Treasury New 0.02% +0.02
BG Bunge Global SA Add +16.5% 0.08% +0.01
FMX Fomento Economico Mex-SP ADR Add +9.1% 0.15% +0.01
META Meta Platforms Inc. Class A Add +48.2% 0.05% +0.01
ACWI iShares MSCI Acwi ETF Add +15.6% 0.09% +0.01
V Visa Inc. Class A Add +22.1% 0.06% +0.01
MICC The Magnum Ice Cream Co. NV New 0.01% +0.01
IGF iShares Global Infrastructur Add +10.2% 0.06% +0.00
GE General Electric New 0.00% +0.00
MRK Merck & Co. Inc. New 0.00% +0.00
C Citigroup Inc. New 0.00% +0.00
GS Goldman Sachs Group Inc. New 0.00% +0.00
HD Home Depot Inc. New 0.00% +0.00
IBM Intl Business Machines Corp. New 0.00% +0.00
ABBV Abbvie Inc. Add +34.6% 0.01% +0.00
INTU Intuit Inc. Add +7.8% 0.04% +0.00
PLTR Palantir Technologies Inc. Class A Add +10.9% 0.01% +0.00
IBN Icici Bank Ltd.-Spon ADR Add +7.6% 0.01% +0.00
BRK.B Berkshire Hathaway Inc. Class B Add +4.3% 0.01% +0.00
MA Mastercard Inc. Class A Add +2.6% 0.01% 0.00

Notes & Other Activity Q3 2025 → Q4 2025
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal Add +22.7% 75,891,000 $81.7M
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal Add +26.6% 38,105,000 $39.2M
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal Reduce -2.8% 22,093,000 $22.2M
OMNICELL INC (OMCL 1 12/01/29) NOTE 1.000%12/0 · principal New 15,735,000 $17.0M
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal Sold out 1,020,000 $1.6Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 184$5.4BIVV, QQQ, IWO, VCSH, IGSB
Q1 2026 173$6.0BIVV, LQD, JAAA, QQQ, IWO
Q4 2025 163$5.2BIVV, QQQ, IWO, VCSH, IGSB
Q3 2025 165$5.1BIVV, QQQ, IWO, VCSH, IGSB
Q2 2025 165$4.2BIVV, QQQ, IWO, VCSH, IGSB
Q1 2025 158$3.9BIVV, QQQ, IWO, VCSH, IGSB
Q4 2024 159$4.2BIVV, QQQ, IWO, VCSH, IGSB
Q3 2024 153$4.2BIVV, QQQ, IWO, VCSH, IGSB
Q2 2024Amended 147$4.1BIVV, QQQ, IWO, VCSH, IGSB
Q1 2024 150$3.9BIVV, QQQ, IWO, VCSH, IGSB