BlackRock, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), BlackRock, Inc. reported 5,138 stock positions worth $4.73 trillion. Its top holding was Apple (AAPL) at 5.3% of the portfolio, followed by Microsoft (MSFT, 4.6%) and Nvidia (NVDA, 4.4%). Compared with Q4 2024, it opened 193 new positions, sold out of 150, added to 1,914 and reduced 2,621. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +1%) and the biggest sale Marvell Technology (MRVL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0002012383
- Portfolio Value
- $4.73T (Q1 2025)
- SEC Filing
- 0001576419-25-000869 ↗ filed May 2, 2025
Holdings Value
Holdings 5,138 stocks · $4.73T
| AAPL Apple Inc. | 5.35% | 1,140,202,870 | $253.3B | Add +1.5% |
| MSFT Microsoft Corp. | 4.63% | 583,284,931 | $219.0B | Add +1.2% |
| NVDA Nvidia Corp. | 4.35% | 1,901,848,816 | $206.1B | Add +0.6% |
| AMZN Amazon.com Inc. | 2.83% | 703,411,133 | $133.8B | Add +2.1% |
| META Meta Platforms Inc. Class A | 2.03% | 166,370,320 | $95.9B | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 1.44% | 439,591,457 | $68.0B | Add +2.0% |
| AVGO Broadcom Inc. | 1.31% | 371,578,962 | $62.2B | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 111,559,788 | $59.4B | Add +1.1% |
| GOOG Alphabet Inc. Class C | 1.20% | 364,548,445 | $57.0B | Add +1.9% |
| LLY Eli Lilly & Co. | 1.15% | 65,691,973 | $54.3B | Add +0.7% |
| TSLA Tesla Inc. | 1.13% | 205,668,592 | $53.3B | Add +1.7% |
| JPM JPMorgan Chase & Co. | 1.08% | 208,215,538 | $51.1B | Add +0.7% |
| V Visa Inc. Class A | 1.07% | 144,327,908 | $50.6B | Add +5.1% |
| IVV iShares Core S&P 500 ETF | 0.85% | 71,586,997 | $40.2B | Add +6.8% |
| UNH Unitedhealth Group Inc. | 0.82% | 74,290,219 | $38.9B | Add +3.2% |
| MA Mastercard Inc. Class A | 0.81% | 69,533,652 | $38.1B | Reduce -1.3% |
| XOM Exxon Mobil Corp. | 0.76% | 302,609,205 | $36.0B | Reduce -1.3% |
| JNJ Johnson & Johnson | 0.70% | 199,366,959 | $33.1B | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.70% | 34,932,168 | $33.0B | Add +0.5% |
| NFLX Netflix Inc. | 0.66% | 33,554,701 | $31.3B | Add +5.1% |
| ABBV Abbvie Inc. | 0.65% | 145,878,142 | $30.6B | Add +2.7% |
| PG The Procter & Gamble Co. | 0.64% | 178,152,589 | $30.4B | Add +1.1% |
| WMT Walmart Inc. | 0.63% | 340,501,876 | $29.9B | Add +1.1% |
| HD Home Depot Inc. | 0.58% | 74,831,780 | $27.4B | Add +2.2% |
| CSCO Cisco Systems Inc. | 0.48% | 366,371,404 | $22.6B | Add +5.0% |
| KO The Coca-Cola Co. | 0.47% | 312,568,274 | $22.4B | Add +2.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 532,778,633 | $22.2B | Add +1.9% |
| CRM Salesforce Inc. | 0.45% | 80,114,692 | $21.5B | Add +4.5% |
| CVX Chevron Corp. | 0.43% | 122,778,370 | $20.5B | Add +0.9% |
| MRK Merck & Co. Inc. | 0.43% | 225,398,231 | $20.2B | Add +1.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.42% | 79,851,653 | $19.9B | Add +1.2% |
| ORCL Oracle Corp. | 0.40% | 136,535,507 | $19.1B | Add +2.2% |
| WFC Wells Fargo & Co. | 0.40% | 262,689,688 | $18.9B | Add +2.2% |
| IXUS iShares Core Intl Stock ETF | 0.40% | 268,543,966 | $18.7B | Reduce -7.2% |
| ABT Abbott Laboratories | 0.38% | 136,977,160 | $18.2B | Add +0.3% |
| PEP Pepsico Inc. | 0.36% | 113,302,013 | $17.0B | Add +0.7% |
| ACN Accenture PLC Class A | 0.36% | 53,925,027 | $16.8B | Add +3.6% |
| LIN Linde PLC | 0.35% | 35,971,311 | $16.7B | Add +0.5% |
| MCD McDonald's Corp. | 0.35% | 52,583,560 | $16.4B | Add +0.4% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 81,932,390 | $16.4B | Reduce -0.6% |
| VZ Verizon Communications Inc. | 0.34% | 357,006,382 | $16.2B | Add +2.5% |
| PM Philip Morris International | 0.34% | 101,580,434 | $16.1B | Reduce -3.2% |
| PLTR Palantir Technologies Inc. Class A | 0.34% | 188,245,362 | $15.9B | Add +9.2% |
| T AT&T Inc. | 0.33% | 555,911,603 | $15.7B | Add +1.6% |
| QCOM Qualcomm Inc. | 0.33% | 101,747,174 | $15.6B | Add +3.6% |
| ISRG Intuitive Surgical Inc. | 0.33% | 31,449,561 | $15.6B | Add +0.2% |
| ADBE Adobe Inc. | 0.33% | 40,247,230 | $15.4B | Reduce -0.6% |
| TXN Texas Instruments Inc. | 0.32% | 83,786,313 | $15.1B | Add +1.2% |
| INTU Intuit Inc. | 0.32% | 24,341,548 | $14.9B | Add +0.5% |
| PGR Progressive Corp. | 0.31% | 52,645,070 | $14.9B | Add +0.1% |
| NOW ServiceNow Inc. | 0.31% | 18,649,174 | $14.8B | Add +2.2% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 29,080,121 | $14.5B | Add +0.8% |
| BSX Boston Scientific Corp. | 0.30% | 141,671,066 | $14.3B | Add +1.9% |
| AMGN Amgen Inc. | 0.30% | 45,439,431 | $14.2B | Reduce -0.5% |
| SPGI S&P Global Inc. | 0.29% | 27,289,815 | $13.9B | Add +2.9% |
| AMD Advanced Micro Devices | 0.29% | 134,546,962 | $13.8B | Add +2.7% |
| GS Goldman Sachs Group Inc. | 0.28% | 23,859,923 | $13.0B | Add +0.1% |
| RTX RTX Corp. | 0.27% | 98,251,756 | $13.0B | Reduce -0.6% |
| GILD Gilead Sciences Inc. | 0.27% | 116,104,572 | $13.0B | Reduce -3.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 131,539,525 | $13.0B | Add +1.3% |
| BKNG Booking Holdings Inc. | 0.26% | 2,666,127 | $12.3B | Add +3.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 100,614,478 | $12.3B | Add +1.0% |
| AXP American Express Co. | 0.26% | 45,025,393 | $12.1B | Add +2.5% |
| PFE Pfizer Inc. | 0.25% | 474,167,592 | $12.0B | Add +5.0% |
| C Citigroup Inc. | 0.25% | 166,073,626 | $11.8B | Add +1.4% |
| CAT Caterpillar Inc. | 0.25% | 35,380,536 | $11.7B | Reduce -0.4% |
| NEE Nextera Energy Inc. | 0.24% | 162,931,060 | $11.6B | Add +2.0% |
| CMCSA Comcast Corp. Class A | 0.24% | 309,902,771 | $11.4B | Add +2.8% |
| AMAT Applied Materials Inc. | 0.24% | 78,574,535 | $11.4B | Reduce -1.6% |
| MS Morgan Stanley | 0.24% | 96,238,352 | $11.2B | Add +1.2% |
| UBER Uber Technologies Inc. | 0.24% | 152,820,981 | $11.1B | Reduce -1.4% |
| ADP Automatic Data Processing | 0.23% | 36,172,484 | $11.1B | Reduce -0.7% |
| DHR Danaher Corp. | 0.23% | 52,602,194 | $10.8B | Add +4.8% |
| UNP Union Pacific Corp. | 0.23% | 45,226,532 | $10.7B | Add +0.6% |
| COP Conocophillips | 0.22% | 101,132,298 | $10.6B | Reduce -1.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.22% | 21,782,933 | $10.6B | Reduce -0.2% |
| MDT Medtronic PLC | 0.22% | 117,356,410 | $10.5B | Add +2.8% |
| PLD Prologis Inc. | 0.22% | 92,663,202 | $10.4B | Reduce -1.9% |
| SYK Stryker Corp. | 0.21% | 27,182,853 | $10.1B | Add +1.4% |
| WELL Welltower Inc. | 0.21% | 65,616,424 | $10.1B | Add +1.1% |
| TMUS T-Mobile US Inc. | 0.21% | 37,420,751 | $10.0B | Reduce -3.2% |
| HON Honeywell International Inc. | 0.21% | 47,122,314 | $10.0B | Add +5.4% |
| MRSH Marsh & McLennan Cos | 0.21% | 40,601,219 | $9.9B | Reduce -2.5% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 161,366,354 | $9.8B | Add +2.4% |
| BLK BlackRock Inc. | 0.21% | 10,355,778 | $9.8B | Add +3.1% |
| SCHW Schwab (charles) Corp. | 0.20% | 122,859,627 | $9.6B | Add +17.2% |
| EFA iShares MSCI Eafe ETF | 0.20% | 116,399,721 | $9.5B | Add +22.2% |
| AMT American Tower Corp. | 0.20% | 42,980,455 | $9.4B | Reduce -0.2% |
| FISV Fiserv Inc. | 0.20% | 42,338,614 | $9.3B | Add +1.5% |
| ELV Elevance Health Inc. | 0.20% | 21,311,015 | $9.3B | Add +4.3% |
| LOW Lowe's Cos Inc. | 0.19% | 39,533,332 | $9.2B | Reduce -0.1% |
| PANW Palo Alto Networks Inc. | 0.19% | 53,231,382 | $9.1B | Add +1.9% |
| LRCX Lam Research Corp. | 0.19% | 123,810,871 | $9.0B | Reduce -1.3% |
| INTC Intel Corp. | 0.19% | 391,258,993 | $8.9B | Add +0.7% |
| ICE Intercontinental Exchange Inc. | 0.18% | 50,376,176 | $8.7B | Add +1.6% |
| CME Cme Group Inc. | 0.18% | 32,605,744 | $8.6B | Add +10.1% |
| DE Deere & Co. | 0.18% | 18,288,228 | $8.6B | Add +4.0% |
| BA The Boeing Co. | 0.18% | 50,174,637 | $8.6B | Add +1.5% |
| CB Chubb Ltd. | 0.18% | 28,026,620 | $8.5B | Reduce -1.1% |
| EQIX Equinix Inc. | 0.18% | 10,340,266 | $8.4B | Add +2.8% |
Options reported separately and not counted above: SPY calls ($12.7B), GLD calls ($2.0B), SPY puts ($1.6B), QQQ calls ($1.1B), LQD puts ($956.5M), IVV puts ($642.1M), EFA calls ($376.4M), KWEB calls ($214.3M), ACWI calls ($192.2M), WMT calls ($174.4M), UNH calls ($173.9M), IWM calls ($136.8M), and 35 more.
Other holdings (244): bonds, preferreds, convertibles and warrants · $5.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 11,711,598 | $700.7M | Reduce -3.8% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 292,969 | $351.8M | Reduce -0.6% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 4,296,860 | $212.3M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 152,838 | $188.7M | Reduce -1.5% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 2,402,152 | $175.6M | Reduce -3.4% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 3,332,960 | $159.3M | Reduce -3.0% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 4,150,141 | $148.0M | Reduce -3.1% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 2,691,801 | $135.5M | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 3,317,896 | $134.8M | Reduce -3.4% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 2,506,674 | $120.8M | Reduce -2.7% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 2,506,689 | $119.7M | Reduce -3.4% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 2,488,487 | $113.4M | Reduce -3.9% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 94,174,000 | $110.7M | Add +588.0% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 76,881,000 | $77.9M | Add +8.0% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 59,535,000 | $76.1M | Add +386.6% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 65,122,000 | $72.9M | Add +68.4% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 65,929,000 | $62.1M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 66,000,000 | $60.9M | Add +135.5% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 57,485,000 | $57.7M | Add +7.8% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 623,648 | $52.4M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 56,160,000 | $50.0M | Add +38.9% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 51,310,000 | $44.7M | Add +294.7% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 51,285,000 | $44.4M | Add +188.5% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 666,567 | $43.3M | Reduce -3.0% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 675,791 | $37.0M | Reduce -3.0% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 39,265,000 | $36.5M | Add +18.3% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 30,481,000 | $36.3M | Reduce -72.4% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 41,415,000 | $35.1M | Reduce -15.8% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 32,455,000 | $34.3M | Reduce -0.4% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 39,487,000 | $34.0M | Add +15.9% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 35,893,000 | $33.8M | Add +447.7% |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | 36,000,000 | $32.8M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 26,468,000 | $32.2M | Reduce -64.8% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 40,442,000 | $32.1M | Reduce -0.3% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 30,145,000 | $31.3M | New |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 26,028,000 | $29.1M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 26,160,000 | $28.3M | Add +4.1% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 27,315,000 | $27.9M | Add +21.6% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 27,420,000 | $26.6M | Add +2.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 24,296,000 | $26.3M | Add +1.8% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 1,076,051 | $26.3M | Reduce -3.5% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 24,290,000 | $23.7M | Add +57.2% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 22,394,000 | $23.7M | Reduce -52.7% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 24,845,000 | $23.6M | Add +3.9% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 23,890,000 | $23.4M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 20,100,000 | $23.0M | Reduce -0.5% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 16,490,000 | $21.2M | Reduce -0.3% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 21,165,000 | $20.2M | Reduce -61.9% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 18,655,000 | $20.1M | Add +8.1% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 22,085,000 | $20.0M | Reduce -1.6% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 17,850,000 | $19.9M | Reduce -0.3% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 17,313,000 | $19.1M | Add +2.2% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 13,495,000 | $18.8M | Add +9.3% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 15,425,000 | $18.6M | Reduce -0.3% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 20,929,000 | $18.4M | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 365,899 | $17.8M | Reduce -3.4% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 15,010,000 | $17.3M | Add +361.9% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 17,878,000 | $17.3M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 8,500,000 | $17.2M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 16,831,000 | $16.2M | Reduce -30.9% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 4,688,000 | $16.1M | Reduce -16.1% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 13,000,000 | $16.1M | No change |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 11,907,000 | $15.8M | No change |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 13,032,000 | $15.7M | Add +1.2% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 13,385,000 | $15.4M | Reduce -61.8% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 15,570,000 | $14.8M | Add +3.3% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 15,675,000 | $14.6M | Add +3.3% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 16,448,000 | $14.4M | New |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 11,200,000 | $14.2M | Reduce -4.7% |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 5,949,000 | $14.1M | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 13,350,000 | $13.0M | Add +2.7% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 4,800,000 | $12.9M | Add +5.5% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 12,155,000 | $12.9M | Reduce -45.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 13,125,000 | $12.5M | Add +0.8% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 10,654,000 | $12.3M | New |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 12,495,000 | $12.1M | Add +3.3% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 11,783,000 | $11.7M | Add +2.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 9,050,000 | $11.6M | Reduce -80.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 11,926,000 | $11.6M | Reduce -15.9% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 6,700,000 | $11.5M | Reduce -47.2% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 11,800,000 | $11.5M | Reduce -0.8% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 10,900,000 | $11.1M | Reduce -1.1% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 11,925,000 | $11.1M | Add +0.8% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 11,210,000 | $11.0M | Reduce -30.5% |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 3,482,000 | $11.0M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 10,621,000 | $11.0M | Reduce -4.5% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 10,472,000 | $10.8M | Add +2.9% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 465,605 | $10.7M | Add +0.5% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 10,579,000 | $10.6M | No change |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 10,782,000 | $10.6M | Reduce -58.6% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 4,283,000 | $10.4M | Add +3.6% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 10,545,000 | $10.4M | Add +1.0% |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 16,401,000 | $10.3M | Add +159.3% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 10,025,000 | $10.1M | Reduce -29.1% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 10,390,000 | $9.5M | Add +3.0% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 8,867,000 | $9.3M | Reduce -0.3% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 249,582 | $9.3M | Reduce -9.1% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 6,425,000 | $9.1M | New |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 297,392 | $8.9M | Reduce -0.0% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 9,720,000 | $8.7M | Add +94.4% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 8,750,000 | $8.7M | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 8,250,000 | $8.7M | Add +1.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 497,661 | $8.7M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 10,200,000 | $8.7M | No change |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 3,485,000 | $8.6M | Add +3.0% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 6,550,000 | $8.6M | Add +2.3% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 8,780,000 | $8.5M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 9,150,000 | $8.4M | Add +5.2% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 5,975,000 | $8.4M | Reduce -54.8% |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 10,000,000 | $8.3M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 8,760,000 | $8.2M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 11,800,000 | $8.1M | Add +86.6% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 4,615,000 | $8.0M | No change |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 7,099,000 | $7.9M | Reduce -9.0% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 8,373,000 | $7.9M | Add +6.0% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 7,300,000 | $7.8M | Add +8.2% |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 3,864,000 | $7.8M | Reduce -9.4% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 8,050,000 | $7.6M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,165,000 | $7.5M | Reduce -84.2% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 3,158,000 | $7.4M | Reduce -85.6% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 160,521 | $7.3M | New |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 6,220,000 | $7.3M | Reduce -0.4% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 5,975,000 | $7.1M | Reduce -3.2% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 5,325,000 | $7.1M | Reduce -10.5% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 5,975,000 | $7.1M | Reduce -2.0% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 7,725,000 | $6.9M | Add +2.7% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 7,800,000 | $6.9M | Reduce -2.8% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 6,990,000 | $6.9M | Reduce -66.3% |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 8,922,000 | $6.8M | New |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 6,975,000 | $6.8M | Reduce -2.5% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 6,275,000 | $6.7M | Add +2.0% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 7,847,000 | $6.7M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 6,525,000 | $6.6M | Add +1.9% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 6,170,000 | $6.6M | Add +9.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 376,226 | $6.5M | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 5,575,000 | $6.4M | Add +14.4% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 5,545,000 | $6.3M | Add +2.8% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 6,512,000 | $6.3M | Reduce -7.8% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 6,511,000 | $6.3M | Reduce -3.7% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 6,757,000 | $6.2M | Add +11.9% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 5,989,000 | $6.2M | Reduce -2.0% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 6,468,000 | $6.1M | Reduce -72.5% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 6,371,000 | $6.1M | Add +6.7% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,348,000 | $6.1M | Add +8.6% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 6,898,000 | $6.1M | Add +8.7% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 4,975,000 | $6.0M | Reduce -1.0% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 6,740,000 | $6.0M | Reduce -59.2% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 6,425,000 | $5.9M | Reduce -49.7% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 5,694,000 | $5.9M | Reduce -2.1% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 4,175,000 | $5.9M | Reduce -77.0% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 5,896,000 | $5.7M | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 5,820,000 | $5.7M | No change |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 5,880,000 | $5.6M | Add +5.4% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 5,029,000 | $5.6M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 5,950,000 | $5.5M | No change |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 6,005,000 | $5.5M | Add +5.7% |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 4,780,000 | $5.4M | Add +1.1% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 5,617,000 | $5.4M | Add +5.6% |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 5,368,000 | $5.3M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 5,960,000 | $5.2M | Add +15.5% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 5,680,000 | $5.2M | Reduce -3.0% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 4,950,000 | $5.1M | Add +2.1% |
| LIVONGO HEALTH (TDOC 0.875 06/01/25) | NOTE 0.875% 6/0 · principal | 5,100,000 | $5.0M | No change |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 4,700,000 | $5.0M | Reduce -5.0% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 4,771,000 | $5.0M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 5,894,000 | $5.0M | Reduce -0.8% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 3,050,000 | $5.0M | Add +10.9% |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 4,475,000 | $4.6M | No change |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 4,500,000 | $4.6M | New |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 4,600,000 | $4.5M | No change |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 4,490,000 | $4.4M | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 4,616,000 | $4.4M | Reduce -63.4% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 4,319,000 | $4.4M | No change |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 4,200,000 | $4.2M | Reduce -6.2% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 5,750,000 | $4.2M | Reduce -3.4% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 4,025,000 | $4.1M | No change |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 3,350,000 | $4.1M | Add +8.9% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 3,075,000 | $4.1M | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 3,573,000 | $4.0M | Add +9.2% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 4,475,000 | $3.9M | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 3,900,000 | $3.9M | No change |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 3,550,000 | $3.8M | Reduce -69.0% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 2,700,000 | $3.8M | Reduce -9.2% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 2,650,000 | $3.7M | No change |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 3,539,000 | $3.6M | No change |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 3,635,000 | $3.6M | Reduce -7.6% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 3,700,000 | $3.5M | Add +19.4% |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 2,658,000 | $3.5M | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 3,425,000 | $3.5M | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 16,293,000 | $3.5M | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 4,100,000 | $3.4M | New |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 3,675,000 | $3.4M | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 3,800,000 | $3.4M | Reduce -83.7% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 3,401,000 | $3.4M | No change |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 259,291 | $3.4M | Reduce -10.5% |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 4,667,000 | $3.3M | New |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 2,900,000 | $3.3M | Add +4.5% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 3,975,000 | $3.2M | Reduce -65.0% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 3,250,000 | $3.2M | Reduce -10.3% |
| JAMF HOLDING CORP (JAMF 0.125 09/01/26) | NOTE 0.125% 9/0 · principal | 3,425,000 | $3.2M | Add +7.0% |
Largest 200 of 244 shown.
Total filed on the 13F, all lines: $4.74T.
Portfolio Sells Q4 2024 → Q1 2025
| MRVL Marvell Technology Inc. | Reduce -2.9% | 0.08% | −0.06 |
| ADBE Adobe Inc. | Reduce -0.6% | 0.33% | −0.04 |
| TTD Trade Desk Inc./the Class A | Reduce -8.8% | 0.03% | −0.04 |
| DECK Deckers Outdoor Corp. | Reduce -5.8% | 0.04% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -0.5% | 0.17% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -0.7% | 0.10% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -1.6% | 0.24% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -3.5% | 0.12% | −0.02 |
| UPS United Parcel Service Class B | Reduce -7.5% | 0.11% | −0.02 |
| SRE Sempra | Reduce -3.9% | 0.09% | −0.02 |
| ILMN Illumina Inc. | Reduce -3.0% | 0.03% | −0.02 |
| DDOG Datadog Inc. Class A | Reduce -7.3% | 0.04% | −0.02 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.02 |
| WSM Williams-Sonoma Inc. | Reduce -22.5% | 0.04% | −0.02 |
| MANH Manhattan Associates Inc. | Reduce -8.2% | 0.03% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.0% | 0.05% | −0.02 |
| WST West Pharmaceutical Services | Reduce -7.0% | 0.03% | −0.02 |
| ALTR Altair Engineering Inc. Class A | Sold out | 0.00% | −0.02 |
| LEN Lennar Corp. Class A | Reduce -12.3% | 0.05% | −0.02 |
| GM General Motors Co. | Reduce -7.0% | 0.09% | −0.02 |
| FIX Comfort Systems USA Inc. | Reduce -19.5% | 0.03% | −0.02 |
| CAT Caterpillar Inc. | Reduce -0.4% | 0.25% | −0.02 |
| NTAP Netapp Inc. | Reduce -6.9% | 0.04% | −0.02 |
| P Everpure Inc. Class A | Reduce -7.3% | 0.03% | −0.01 |
| EME Emcor Group Inc. | Reduce -11.8% | 0.04% | −0.01 |
| SRPT Sarepta Therapeutics Inc. | Reduce -11.5% | 0.01% | −0.01 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.01 |
| CSX CSX Corp. | Reduce -9.0% | 0.09% | −0.01 |
| PWR Quanta Services Inc. | Reduce -1.3% | 0.06% | −0.01 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -29.8% | 0.02% | −0.01 |
| ALGN Align Technology Inc. | Reduce -22.7% | 0.02% | −0.01 |
| ALAB Astera Labs Inc. | Reduce -30.1% | 0.01% | −0.01 |
| TIP iShares Tips Bond ETF | Reduce -72.5% | 0.01% | −0.01 |
| CRDO Credo Technology Group Holdi | Reduce -14.2% | 0.01% | −0.01 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.01 |
| TT Trane Technologies PLC | Reduce -0.8% | 0.17% | −0.01 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -3.4% | 0.01% | −0.01 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.01 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -5.8% | 0.03% | −0.01 |
| MDB Mongodb Inc. | Reduce -11.8% | 0.02% | −0.01 |
| PCVX Vaxcyte Inc. | Reduce -4.7% | 0.01% | −0.01 |
| VST Vistra Corp. | Reduce -0.1% | 0.07% | −0.01 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.01 |
| ROST Ross Stores Inc. | Reduce -0.8% | 0.06% | −0.01 |
| GKOS Glaukos Corp. | Reduce -2.7% | 0.02% | −0.01 |
| FICO Fair Isaac Corp. | Reduce -5.4% | 0.09% | −0.01 |
| CEG Constellation Energy | Reduce -2.1% | 0.10% | −0.01 |
| NARI Inari Medical Inc. | Sold out | 0.00% | −0.01 |
| ALK Alaska Air Group Inc. | Reduce -26.0% | 0.01% | −0.01 |
| BBWI Bath & Body Works Inc. | Reduce -23.1% | 0.01% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.1% | 1.25% | +0.24 |
| V Visa Inc. Class A | Add +5.1% | 1.07% | +0.19 |
| ABBV Abbvie Inc. | Add +2.7% | 0.65% | +0.13 |
| LLY Eli Lilly & Co. | Add +0.7% | 1.15% | +0.12 |
| KO The Coca-Cola Co. | Add +2.2% | 0.47% | +0.09 |
| NFLX Netflix Inc. | Add +5.1% | 0.66% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +3.2% | 0.82% | +0.08 |
| T AT&T Inc. | Add +1.6% | 0.33% | +0.08 |
| CVX Chevron Corp. | Add +0.9% | 0.43% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 1.08% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +9.2% | 0.34% | +0.07 |
| ABT Abbott Laboratories | Add +0.3% | 0.38% | +0.07 |
| META Meta Platforms Inc. Class A | Add +1.1% | 2.03% | +0.07 |
| IBM Intl Business Machines Corp. | Add +1.2% | 0.42% | +0.07 |
| CVS CVS Health Corp. | Add +6.3% | 0.16% | +0.06 |
| VZ Verizon Communications Inc. | Add +2.5% | 0.34% | +0.06 |
| PGR Progressive Corp. | Add +0.1% | 0.31% | +0.06 |
| CSCO Cisco Systems Inc. | Add +5.0% | 0.48% | +0.06 |
| EFA iShares MSCI Eafe ETF | Add +22.2% | 0.20% | +0.05 |
| COST Costco Wholesale Corp. | Add +0.5% | 0.70% | +0.05 |
| BSX Boston Scientific Corp. | Add +1.9% | 0.30% | +0.05 |
| LIN Linde PLC | Add +0.5% | 0.35% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +6.8% | 0.85% | +0.05 |
| WELL Welltower Inc. | Add +1.1% | 0.21% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +17.2% | 0.20% | +0.05 |
| CME Cme Group Inc. | Add +10.1% | 0.18% | +0.04 |
| ELV Elevance Health Inc. | Add +4.3% | 0.20% | +0.04 |
| PG The Procter & Gamble Co. | Add +1.1% | 0.64% | +0.04 |
| SPOT Spotify Technology SA | Add +12.8% | 0.13% | +0.04 |
| MCD McDonald's Corp. | Add +0.4% | 0.35% | +0.04 |
| DASH DoorDash Inc. Class A | Add +41.8% | 0.10% | +0.04 |
| MDT Medtronic PLC | Add +2.8% | 0.22% | +0.04 |
| AJG Arthur J Gallagher & Co. | Add +3.2% | 0.15% | +0.03 |
| MCK McKesson Corp. | Add +4.3% | 0.15% | +0.03 |
| CI The Cigna Group | Add +1.0% | 0.17% | +0.03 |
| ICE Intercontinental Exchange Inc. | Add +1.6% | 0.18% | +0.03 |
| WFC Wells Fargo & Co. | Add +2.2% | 0.40% | +0.03 |
| COR Cencora Inc. | Add +9.7% | 0.11% | +0.03 |
| DE Deere & Co. | Add +4.0% | 0.18% | +0.03 |
| INTC Intel Corp. | Add +0.7% | 0.19% | +0.03 |
| HWM Howmet Aerospace Inc. | Add +4.4% | 0.12% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +1.3% | 0.13% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +2.4% | 0.21% | +0.03 |
| DUK Duke Energy Corp. | Add +0.9% | 0.16% | +0.03 |
| EXC Exelon Corp. | Add +2.0% | 0.11% | +0.02 |
| SPGI S&P Global Inc. | Add +2.9% | 0.29% | +0.02 |
| QCOM Qualcomm Inc. | Add +3.6% | 0.33% | +0.02 |
| WM Waste Management Inc. | Add +0.0% | 0.15% | +0.02 |
| SO The Southern Co. | Add +0.7% | 0.16% | +0.02 |
| FISV Fiserv Inc. | Add +1.5% | 0.20% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +813.8% | 22,632,000 | $12.7B |
| GLD SPDR Gold Shares | call | Add +1.6% | 6,883,800 | $2.0B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -38.9% | 2,883,000 | $1.6B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +10510.8% | 2,451,100 | $1.1B |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | New | 8,800,000 | $956.5M |
| IVV iShares Core S&P 500 ETF | put | Add +48.9% | 1,142,700 | $642.1M |
| NVDA Nvidia Corp. | call | Sold out | 3,864,800 | $519.0Mbefore exit |
| META Meta Platforms Inc. Class A | call | Sold out | 765,500 | $448.2Mbefore exit |
| EFA iShares MSCI Eafe ETF | call | Add +3266.7% | 4,605,600 | $376.4M |
| AAPL Apple Inc. | call | Sold out | 1,370,000 | $343.1Mbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 1,266,500 | $277.9Mbefore exit |
| KWEB Kranesh Csi China Internet | call | New | 6,139,800 | $214.3M |
| NOW ServiceNow Inc. | put | Sold out | 201,100 | $213.2Mbefore exit |
| NFLX Netflix Inc. | call | Sold out | 223,900 | $199.6Mbefore exit |
| ACWI iShares MSCI Acwi ETF | call | Add +2107.5% | 1,651,200 | $192.2M |
| WMT Walmart Inc. | call | Reduce -24.5% | 1,986,800 | $174.4M |
| UNH Unitedhealth Group Inc. | call | New | 332,000 | $173.9M |
| IWM iShares Russell 2000 ETF | call | Add +2733.5% | 685,700 | $136.8M |
| EQT Eqt Corp. | call | Sold out | 2,916,500 | $134.5Mbefore exit |
| HUBS HubSpot Inc. | put | Sold out | 193,000 | $134.5Mbefore exit |
| CRM Salesforce Inc. | call | Sold out | 396,000 | $132.4Mbefore exit |
| UAL United Airlines Holdings Inc. | call | Sold out | 1,323,800 | $128.5Mbefore exit |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -47.2% | 1,425,000 | $112.4M |
| MSFT Microsoft Corp. | call | Sold out | 261,800 | $110.3Mbefore exit |
| WMB Williams Cos Inc. | call | New | 1,763,700 | $105.4M |
| ALPHABET INC | call | Reduce -61.7% | 650,100 | $101.6M |
| DDOG Datadog Inc. Class A | put | Sold out | 699,700 | $100.0Mbefore exit |
| IWM iShares Russell 2000 ETF | put | New | 500,000 | $99.7M |
| C Citigroup Inc. | call | New | 1,393,900 | $99.0M |
| COST Costco Wholesale Corp. | call | Sold out | 104,400 | $95.7Mbefore exit |
| AVGO Broadcom Inc. | put | Sold out | 412,500 | $95.6Mbefore exit |
| HD Home Depot Inc. | call | Sold out | 238,400 | $92.7Mbefore exit |
| SHEL Shell PLC-ADR | call | Sold out | 1,458,800 | $91.4Mbefore exit |
| V Visa Inc. Class A | call | Sold out | 269,500 | $85.2Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | call | Sold out | 403,500 | $79.7Mbefore exit |
| ORCL Oracle Corp. | call | Sold out | 472,000 | $78.7Mbefore exit |
| DELL Dell Technologies -C | call | Sold out | 677,200 | $78.0Mbefore exit |
| JPM JPMorgan Chase & Co. | call | New | 303,000 | $74.3M |
| NVDA Nvidia Corp. | put | New | 674,000 | $73.0M |
| LOW Lowe's Cos Inc. | call | Sold out | 294,100 | $72.6Mbefore exit |
| BAC Bank of America Corp. | call | Add +153.9% | 1,682,000 | $70.2M |
| UPS United Parcel Service Class B | put | New | 600,000 | $66.0M |
| EWY iShares MSCI South Korea ETF | call | Sold out | 1,272,700 | $64.8Mbefore exit |
| COF Capital One Financial Corp. | call | Sold out | 353,100 | $63.0Mbefore exit |
| MA Mastercard Inc. Class A | call | Sold out | 117,000 | $61.6Mbefore exit |
| RSP Invesco S&P 500 Equal Weight | call | Add +2360.4% | 342,000 | $59.2M |
| XLU St Sr Utl SL SE SPDR ETF-Usd | put | Sold out | 750,000 | $56.8Mbefore exit |
| DIS The Walt Disney Co. | call | Sold out | 467,100 | $52.0Mbefore exit |
| FDX FedEx Corp. | put | New | 200,000 | $48.8M |
| ADBE Adobe Inc. | call | Sold out | 105,900 | $47.1Mbefore exit |
Showing the first 50 of 84.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -3.8% | 11,711,598 | $700.7M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.6% | 292,969 | $351.8M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 4,296,860 | $212.3M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.5% | 152,838 | $188.7M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -3.4% | 2,402,152 | $175.6M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -3.0% | 3,332,960 | $159.3M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -3.1% | 4,150,141 | $148.0M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 2,691,801 | $135.5M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -3.4% | 3,317,896 | $134.8M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -2.7% | 2,506,674 | $120.8M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -3.4% | 2,506,689 | $119.7M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Reduce -3.9% | 2,488,487 | $113.4M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +588.0% | 94,174,000 | $110.7M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Add +8.0% | 76,881,000 | $77.9M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +386.6% | 59,535,000 | $76.1M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +68.4% | 65,122,000 | $72.9M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 65,929,000 | $62.1M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +135.5% | 66,000,000 | $60.9M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +7.8% | 57,485,000 | $57.7M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 623,648 | $52.4M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +38.9% | 56,160,000 | $50.0M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +294.7% | 51,310,000 | $44.7M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +188.5% | 51,285,000 | $44.4M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Reduce -3.0% | 666,567 | $43.3M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -3.0% | 675,791 | $37.0M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Add +18.3% | 39,265,000 | $36.5M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -72.4% | 30,481,000 | $36.3M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -15.8% | 41,415,000 | $35.1M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Reduce -0.4% | 32,455,000 | $34.3M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +15.9% | 39,487,000 | $34.0M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Add +447.7% | 35,893,000 | $33.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -64.8% | 26,468,000 | $32.2M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Reduce -0.3% | 40,442,000 | $32.1M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | New | 30,145,000 | $31.3M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Add +4.1% | 26,160,000 | $28.3M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Add +21.6% | 27,315,000 | $27.9M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Add +2.3% | 27,420,000 | $26.6M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +1.8% | 24,296,000 | $26.3M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Reduce -3.5% | 1,076,051 | $26.3M |
| BROOKDALE SENIOR LIVING (BKD 7 11/15/25) | UNIT 11/15/2025 | Sold out | 363,000 | $24.9Mbefore exit |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +57.2% | 24,290,000 | $23.7M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -52.7% | 22,394,000 | $23.7M |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | Add +3.9% | 24,845,000 | $23.6M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -0.5% | 20,100,000 | $23.0M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 8,331,000 | $22.0Mbefore exit |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | Sold out | 10,375,000 | $21.4Mbefore exit |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -0.3% | 16,490,000 | $21.2M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -61.9% | 21,165,000 | $20.2M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Add +8.1% | 18,655,000 | $20.1M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Reduce -1.6% | 22,085,000 | $20.0M |
Showing the first 50 of 205.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 5,409 | $6.70T | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 5,366 | $5.69T | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 5,234 | $5.88T | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 5,155 | $5.67T | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 5,133 | $5.22T | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 5,138 | $4.73T | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 5,093 | $4.93T | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 4,923 | $4.75T | AAPL, MSFT, NVDA, AMZN, META |