BlackRock, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), BlackRock, Inc. reported 5,133 stock positions worth $5.22 trillion. Its top holding was Nvidia (NVDA) at 5.8% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Apple (AAPL, 4.5%). Compared with Q1 2025, it opened 204 new positions, sold out of 210, added to 2,073 and reduced 2,464. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale Procter & Gamble (PG, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0002012383
- Portfolio Value
- $5.22T (Q2 2025)
- SEC Filing
- 0001060021-25-000120 ↗ filed Aug 12, 2025
Holdings Value
Holdings 5,133 stocks · $5.22T
| NVDA Nvidia Corp. | 5.78% | 1,909,788,972 | $301.7B | Add +0.4% |
| MSFT Microsoft Corp. | 5.54% | 581,577,056 | $289.3B | Reduce -0.3% |
| AAPL Apple Inc. | 4.52% | 1,148,838,990 | $235.7B | Add +0.8% |
| AMZN Amazon.com Inc. | 3.00% | 712,821,915 | $156.4B | Add +1.3% |
| META Meta Platforms Inc. Class A | 2.35% | 166,335,987 | $122.8B | Reduce -0.0% |
| AVGO Broadcom Inc. | 1.99% | 376,617,351 | $103.8B | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 1.45% | 430,223,692 | $75.8B | Reduce -2.1% |
| TSLA Tesla Inc. | 1.25% | 205,962,777 | $65.4B | Add +0.1% |
| GOOG Alphabet Inc. Class C | 1.23% | 361,542,043 | $64.1B | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 1.14% | 205,887,833 | $59.7B | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.06% | 113,524,447 | $55.1B | Add +1.8% |
| LLY Eli Lilly & Co. | 0.99% | 65,961,661 | $51.4B | Add +0.4% |
| V Visa Inc. Class A | 0.96% | 140,654,301 | $49.9B | Reduce -2.5% |
| NFLX Netflix Inc. | 0.87% | 33,960,641 | $45.5B | Add +1.2% |
| IVV iShares Core S&P 500 ETF | 0.85% | 71,087,025 | $44.1B | Reduce -0.7% |
| MA Mastercard Inc. Class A | 0.74% | 68,692,086 | $38.6B | Reduce -1.2% |
| COST Costco Wholesale Corp. | 0.67% | 35,583,824 | $35.2B | Add +1.9% |
| WMT Walmart Inc. | 0.64% | 344,158,917 | $33.7B | Add +1.1% |
| XOM Exxon Mobil Corp. | 0.63% | 307,194,016 | $33.1B | Add +1.5% |
| JNJ Johnson & Johnson | 0.60% | 203,849,282 | $31.1B | Add +2.3% |
| ORCL Oracle Corp. | 0.57% | 135,309,121 | $29.6B | Reduce -0.9% |
| HD Home Depot Inc. | 0.54% | 76,679,623 | $28.1B | Add +2.5% |
| PG The Procter & Gamble Co. | 0.53% | 172,077,748 | $27.4B | Reduce -3.4% |
| ABBV Abbvie Inc. | 0.52% | 147,456,064 | $27.4B | Add +1.1% |
| CSCO Cisco Systems Inc. | 0.49% | 369,706,195 | $25.7B | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 515,384,714 | $24.4B | Reduce -3.3% |
| PLTR Palantir Technologies Inc. Class A | 0.46% | 177,230,734 | $24.2B | Reduce -5.8% |
| UNH Unitedhealth Group Inc. | 0.45% | 75,312,087 | $23.5B | Add +1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 77,802,645 | $22.9B | Reduce -2.6% |
| IXUS iShares Core Intl Stock ETF | 0.44% | 294,547,733 | $22.8B | Add +9.7% |
| CRM Salesforce Inc. | 0.43% | 81,627,988 | $22.3B | Add +1.9% |
| KO The Coca-Cola Co. | 0.42% | 313,295,952 | $22.2B | Add +0.2% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 83,481,629 | $21.5B | Add +1.9% |
| WFC Wells Fargo & Co. | 0.39% | 256,685,958 | $20.6B | Reduce -2.3% |
| INTU Intuit Inc. | 0.39% | 25,831,802 | $20.3B | Add +6.1% |
| AMD Advanced Micro Devices | 0.37% | 137,682,408 | $19.5B | Add +2.3% |
| ABT Abbott Laboratories | 0.37% | 141,287,026 | $19.2B | Add +3.1% |
| NOW ServiceNow Inc. | 0.36% | 18,491,004 | $19.0B | Reduce -0.8% |
| PM Philip Morris International | 0.36% | 103,640,455 | $18.9B | Add +2.0% |
| MRK Merck & Co. Inc. | 0.33% | 218,340,832 | $17.3B | Reduce -3.1% |
| LIN Linde PLC | 0.33% | 36,713,775 | $17.2B | Add +2.1% |
| ISRG Intuitive Surgical Inc. | 0.33% | 31,516,587 | $17.1B | Add +0.2% |
| CVX Chevron Corp. | 0.33% | 118,985,121 | $17.0B | Reduce -3.1% |
| GS Goldman Sachs Group Inc. | 0.31% | 23,075,190 | $16.3B | Reduce -3.3% |
| T AT&T Inc. | 0.31% | 562,770,655 | $16.3B | Add +1.2% |
| QCOM Qualcomm Inc. | 0.31% | 100,760,988 | $16.0B | Reduce -1.0% |
| TXN Texas Instruments Inc. | 0.31% | 76,847,253 | $16.0B | Reduce -8.3% |
| ACN Accenture PLC Class A | 0.30% | 53,150,644 | $15.9B | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 127,943,882 | $15.9B | Reduce -2.7% |
| BKNG Booking Holdings Inc. | 0.30% | 2,725,368 | $15.8B | Add +2.2% |
| BSX Boston Scientific Corp. | 0.30% | 146,687,740 | $15.8B | Add +3.5% |
| ADBE Adobe Inc. | 0.30% | 40,139,955 | $15.5B | Reduce -0.3% |
| PEP Pepsico Inc. | 0.29% | 116,271,874 | $15.4B | Add +2.6% |
| VZ Verizon Communications Inc. | 0.29% | 353,346,455 | $15.3B | Reduce -1.0% |
| MCD McDonald's Corp. | 0.29% | 51,859,606 | $15.2B | Reduce -1.4% |
| RTX RTX Corp. | 0.28% | 98,349,520 | $14.4B | Add +0.1% |
| UBER Uber Technologies Inc. | 0.27% | 151,559,021 | $14.1B | Reduce -0.8% |
| C Citigroup Inc. | 0.27% | 165,423,315 | $14.1B | Reduce -0.4% |
| SPGI S&P Global Inc. | 0.27% | 26,489,666 | $14.0B | Reduce -2.9% |
| AXP American Express Co. | 0.27% | 43,636,024 | $13.9B | Reduce -3.1% |
| AMAT Applied Materials Inc. | 0.26% | 75,259,933 | $13.8B | Reduce -4.2% |
| MS Morgan Stanley | 0.26% | 95,012,109 | $13.4B | Reduce -1.3% |
| CAT Caterpillar Inc. | 0.25% | 33,827,921 | $13.1B | Reduce -4.4% |
| AMGN Amgen Inc. | 0.25% | 46,598,338 | $13.0B | Add +2.5% |
| GILD Gilead Sciences Inc. | 0.24% | 114,879,922 | $12.7B | Reduce -1.1% |
| PGR Progressive Corp. | 0.24% | 47,624,487 | $12.7B | Reduce -9.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 100,004,464 | $12.3B | Reduce -0.6% |
| PFE Pfizer Inc. | 0.23% | 494,877,296 | $12.0B | Add +4.4% |
| LRCX Lam Research Corp. | 0.23% | 122,202,650 | $11.9B | Reduce -1.3% |
| NEE Nextera Energy Inc. | 0.22% | 168,596,357 | $11.7B | Add +3.5% |
| SCHW Schwab (charles) Corp. | 0.22% | 128,213,107 | $11.7B | Add +4.4% |
| MU Micron Technology Inc. | 0.22% | 92,128,816 | $11.4B | Reduce -2.0% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 27,330,008 | $11.1B | Reduce -6.0% |
| PANW Palo Alto Networks Inc. | 0.21% | 53,707,197 | $11.0B | Add +0.9% |
| ADP Automatic Data Processing | 0.21% | 35,541,503 | $11.0B | Reduce -1.7% |
| COF Capital One Financial Corp. | 0.21% | 50,951,808 | $10.8B | Add +80.6% |
| CMCSA Comcast Corp. Class A | 0.21% | 302,038,690 | $10.8B | Reduce -2.5% |
| HON Honeywell International Inc. | 0.21% | 46,198,361 | $10.8B | Reduce -2.0% |
| MDT Medtronic PLC | 0.20% | 122,449,341 | $10.7B | Add +4.3% |
| BLK BlackRock Inc. | 0.20% | 10,114,671 | $10.6B | Reduce -2.3% |
| KLAC KLA Corp. | 0.20% | 11,803,738 | $10.6B | Add +0.3% |
| SYK Stryker Corp. | 0.20% | 26,626,621 | $10.5B | Reduce -2.0% |
| BA The Boeing Co. | 0.20% | 49,941,546 | $10.5B | Reduce -0.5% |
| GEV GE Vernova Inc. | 0.20% | 19,712,331 | $10.4B | Add +3.4% |
| UNP Union Pacific Corp. | 0.20% | 45,119,531 | $10.4B | Reduce -0.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 20,312,642 | $10.3B | Add +4.8% |
| DHR Danaher Corp. | 0.20% | 52,233,943 | $10.3B | Reduce -0.7% |
| WELL Welltower Inc. | 0.20% | 66,550,890 | $10.2B | Add +1.4% |
| ETN Eaton Corp. PLC | 0.19% | 28,390,829 | $10.1B | Reduce -4.8% |
| AMT American Tower Corp. | 0.19% | 45,659,310 | $10.1B | Add +6.2% |
| TT Trane Technologies PLC | 0.19% | 22,426,539 | $9.8B | Reduce -6.5% |
| PLD Prologis Inc. | 0.19% | 93,299,472 | $9.8B | Add +0.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.19% | 21,871,945 | $9.7B | Add +0.4% |
| ADI Analog Devices Inc. | 0.19% | 40,905,222 | $9.7B | Add +3.9% |
| ICE Intercontinental Exchange Inc. | 0.18% | 51,361,637 | $9.4B | Add +2.0% |
| APH Amphenol Corp. Class A | 0.18% | 94,558,170 | $9.3B | Reduce -7.2% |
| DE Deere & Co. | 0.18% | 18,147,720 | $9.2B | Reduce -0.8% |
| CDNS Cadence Design SYS Inc. | 0.18% | 29,892,073 | $9.2B | Reduce -4.5% |
| SPOT Spotify Technology SA | 0.17% | 11,828,371 | $9.1B | Add +4.5% |
| TMUS T-Mobile US Inc. | 0.17% | 37,131,568 | $8.8B | Reduce -0.8% |
Options reported separately and not counted above: SPY calls ($19.1B), GLD calls ($1.9B), IVV puts ($691.1M), EFA calls ($514.2M), IWM puts ($416.6M), QQQ calls ($377.3M), FXI calls ($340.5M), SPY puts ($326.7M), IWM calls ($284.3M), ACWI calls ($265.4M), WFC calls ($230.6M), MSFT calls ($227.2M), and 60 more.
Other holdings (251): bonds, preferreds, convertibles and warrants · $6.0B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 10,830,565 | $736.5M | Reduce -7.5% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 288,411 | $338.6M | Reduce -1.6% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 2,918,247 | $194.5M | Add +8.4% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 152,658 | $185.2M | Reduce -0.1% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 2,265,962 | $169.6M | Reduce -5.7% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 3,128,592 | $147.3M | Reduce -6.1% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 2,366,401 | $139.3M | Reduce -5.6% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 107,155,000 | $127.4M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 3,931,520 | $126.2M | Reduce -5.3% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 2,362,531 | $125.2M | Reduce -5.8% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 3,128,082 | $124.3M | Reduce -5.7% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 905,940 | $109.6M | Add +45.3% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 2,345,512 | $103.8M | Reduce -5.8% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 79,719,000 | $93.2M | Reduce -15.3% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 78,895,000 | $90.8M | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 68,313,000 | $87.0M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 95,570,000 | $85.7M | Add +86.3% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 66,520,000 | $85.2M | Add +120.7% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 73,837,000 | $79.7M | Add +13.4% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 85,840,000 | $79.2M | Add +30.1% |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 55,000,000 | $73.4M | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 58,100,000 | $68.7M | Add +1.1% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 67,351,000 | $66.4M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 70,505,000 | $66.1M | Add +25.5% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 60,785,000 | $65.8M | New |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 46,635,000 | $64.3M | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 64,972,000 | $62.9M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 61,710,000 | $62.7M | Add +154.1% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 900,314 | $55.8M | New |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 634,348 | $52.4M | Reduce -4.8% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 51,450,000 | $46.0M | Add +0.3% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 31,638,000 | $45.1M | Add +19.5% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 28,431,000 | $43.1M | Reduce -6.7% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 635,059 | $38.4M | Reduce -6.0% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 38,865,000 | $36.0M | Reduce -1.0% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 37,858,000 | $35.6M | Add +5.5% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 38,538,000 | $35.6M | Reduce -2.4% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 19,840,000 | $35.6M | Add +20.3% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 41,040,000 | $35.6M | Reduce -0.9% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 35,080,000 | $34.9M | Add +8.1% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 19,170,000 | $34.5M | Add +24.3% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 28,090,000 | $33.6M | Add +2.8% |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | 36,000,000 | $32.4M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 39,965,000 | $30.5M | Reduce -1.2% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 28,725,000 | $30.1M | Add +4.8% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 26,768,000 | $28.5M | Add +54.6% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 24,913,000 | $27.4M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 26,205,000 | $27.3M | Add +195.5% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 17,270,000 | $26.5M | Add +28.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 23,252,000 | $26.2M | New |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 19,098,000 | $24.1M | Reduce -5.0% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 1,017,483 | $24.1M | Reduce -5.4% |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 19,200,000 | $23.0M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 7,750,000 | $21.5M | Reduce -8.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 21,390,000 | $21.1M | Reduce -10.5% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 18,625,000 | $21.0M | Reduce -0.2% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 21,635,000 | $20.4M | Reduce -2.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 19,600,000 | $20.4M | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 17,475,000 | $19.9M | Reduce -70.7% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 19,894,000 | $19.7M | Reduce -11.2% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 17,775,000 | $19.7M | New |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 13,935,000 | $19.6M | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 18,205,000 | $17.9M | Add +54.3% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 18,515,000 | $17.8M | Reduce -12.5% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 15,260,000 | $17.7M | Add +1.7% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 16,531,000 | $17.5M | Reduce -32.0% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 16,678,000 | $17.4M | Reduce -6.7% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 13,000,000 | $17.3M | No change |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 12,555,000 | $17.1M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 19,138,000 | $17.1M | Reduce -71.0% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 7,735,000 | $16.6M | New |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 331,287 | $16.2M | Reduce -9.5% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 15,945,000 | $16.2M | Add +42.2% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 10,950,000 | $14.3M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 15,044,000 | $14.2M | Reduce -3.4% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 12,200,000 | $14.1M | Reduce -8.6% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 16,173,000 | $13.9M | Reduce -1.7% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 12,257,000 | $13.7M | Reduce -6.0% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 11,669,259 | $13.7M | Reduce -55.2% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 14,525,000 | $13.6M | Reduce -7.3% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 11,230,000 | $13.4M | Reduce -7.6% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 4,450,000 | $13.0M | Reduce -7.3% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 14,275,000 | $12.9M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 9,950,000 | $12.9M | Reduce -25.7% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 12,333,000 | $11.7M | Add +4.7% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 12,225,000 | $11.6M | Reduce -6.9% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 11,645,000 | $11.4M | Reduce -6.8% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 11,630,000 | $11.4M | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 4,058,000 | $11.3M | Reduce -5.3% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 5,825,000 | $11.0M | Reduce -9.3% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 9,654,000 | $11.0M | Reduce -9.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 11,001,000 | $10.7M | Reduce -7.8% |
| AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) | NOTE 4.250% 2/1 · principal | 12,677,000 | $10.6M | New |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 415,440 | $10.4M | Reduce -10.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 8,846,000 | $10.4M | Reduce -16.7% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 9,500,000 | $10.3M | Reduce -63.7% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 2,833,000 | $10.3M | Reduce -10.3% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 4,920,000 | $10.2M | Reduce -26.6% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 9,922,000 | $10.0M | Reduce -5.3% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 8,275,000 | $9.9M | Reduce -8.6% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 9,800,000 | $9.8M | Reduce -10.1% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 9,850,000 | $9.8M | Reduce -1.8% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 11,724,000 | $9.5M | Add +98.9% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 9,720,000 | $9.4M | Reduce -7.8% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 7,951,000 | $9.4M | Reduce -3.6% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 5,970,000 | $9.2M | Reduce -4.0% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 9,870,000 | $9.1M | Add +1.5% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 8,125,000 | $9.0M | Reduce -54.5% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 8,360,000 | $8.9M | Reduce -4.8% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 6,025,000 | $8.9M | Reduce -8.0% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 229,968 | $8.8M | Reduce -7.9% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 9,590,000 | $8.8M | Reduce -7.7% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 3,260,000 | $8.6M | Reduce -6.5% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 273,283 | $8.5M | Reduce -8.1% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 9,825,000 | $8.4M | Reduce -3.7% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 8,125,000 | $8.4M | Reduce -11.2% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 6,150,000 | $8.3M | Reduce -15.8% |
| 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 6.3 PERP F) | 6.3 CUM PFD SR F | 471,531 | $8.3M | Reduce -5.3% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 11,425,000 | $8.2M | Reduce -4.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 8,635,000 | $8.2M | Reduce -1.4% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 7,550,000 | $8.0M | Reduce -13.7% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 8,250,000 | $7.9M | Add +2.5% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 6,475,000 | $7.4M | Reduce -7.2% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 5,620,000 | $7.4M | Reduce -8.9% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 156,917 | $7.3M | Reduce -2.3% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 7,598,000 | $7.2M | Reduce -9.3% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 5,790,000 | $7.1M | Reduce -6.1% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 3,340,000 | $7.1M | Reduce -27.6% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 4,400,000 | $7.0M | Reduce -6.4% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 5,625,000 | $7.0M | Reduce -5.9% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 7,800,000 | $7.0M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 5,450,000 | $6.9M | Reduce -8.8% |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 5,300,000 | $6.9M | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 6,915,000 | $6.8M | Reduce -1.1% |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 5,775,000 | $6.7M | Add +28.3% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 6,318,000 | $6.7M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 7,175,000 | $6.7M | Reduce -7.1% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 7,022,000 | $6.7M | Add +3.9% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 5,345,000 | $6.6M | Reduce -3.6% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 5,889,000 | $6.6M | Reduce -1.7% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 6,150,000 | $6.6M | Reduce -5.8% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 6,625,000 | $6.6M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 5,725,000 | $6.5M | Reduce -4.2% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 6,531,000 | $6.5M | Reduce -61.2% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 6,612,000 | $6.4M | Add +1.5% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 7,197,000 | $6.3M | Reduce -8.3% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 7,389,000 | $6.3M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 4,700,000 | $6.2M | Reduce -5.5% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 6,217,000 | $6.2M | Reduce -42.3% |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 3,300,000 | $6.1M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 344,446 | $6.0M | Reduce -8.4% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 6,236,000 | $6.0M | Reduce -4.2% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 6,168,000 | $5.9M | Reduce -4.6% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 5,569,000 | $5.8M | Reduce -2.2% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 5,971,000 | $5.7M | Reduce -6.3% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 5,375,000 | $5.7M | Reduce -3.6% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 5,771,000 | $5.7M | Reduce -2.1% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,525,000 | $5.7M | Reduce -11.9% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 6,273,000 | $5.6M | Reduce -9.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 3,925,000 | $5.5M | Reduce -26.3% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 5,655,000 | $5.5M | Reduce -3.8% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 3,075,000 | $5.4M | Add +0.8% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 5,805,000 | $5.4M | Reduce -3.3% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 3,815,000 | $5.4M | Reduce -65.9% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 5,548,000 | $5.3M | Reduce -12.6% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 4,571,000 | $5.3M | Reduce -4.2% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 5,525,000 | $5.3M | Reduce -77.8% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 5,785,000 | $5.3M | Reduce -2.9% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 5,854,000 | $5.2M | Reduce -72.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 5,480,000 | $5.2M | Reduce -3.5% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 4,879,000 | $5.1M | Reduce -3.0% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 4,550,000 | $5.1M | Reduce -8.1% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 5,500,000 | $5.1M | Reduce -7.6% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 5,192,000 | $5.0M | Reduce -7.6% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 4,050,000 | $5.0M | Reduce -3.0% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 5,350,000 | $5.0M | Reduce -16.7% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 4,900,000 | $4.9M | Add +6.5% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 4,425,000 | $4.8M | Add +9.9% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 4,719,000 | $4.6M | Add +9.3% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 4,766,000 | $4.6M | Add +3.3% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 4,675,000 | $4.5M | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 4,840,000 | $4.4M | Reduce -28.2% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 3,000,000 | $4.3M | Reduce -10.4% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 4,750,000 | $4.3M | Add +6.2% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 3,525,000 | $4.2M | Reduce -0.7% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 2,675,000 | $4.2M | Add +0.9% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 16,193,000 | $4.0M | Reduce -0.6% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 5,550,000 | $3.9M | Reduce -3.5% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 3,025,000 | $3.9M | Reduce -1.6% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 3,900,000 | $3.9M | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 3,573,000 | $3.8M | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 2,550,000 | $3.8M | Reduce -5.6% |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 15,226,000 | $3.8M | Reduce -7.2% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 5,650,000 | $3.6M | Reduce -52.1% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 2,955,000 | $3.5M | Add +4.4% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 3,510,000 | $3.5M | Reduce -3.4% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 2,475,000 | $3.5M | Reduce -3.9% |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 3,577,000 | $3.4M | Add +12.6% |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 3,616,000 | $3.4M | Add +7.4% |
Largest 200 of 251 shown.
Total filed on the 13F, all lines: $5.23T.
Portfolio Sells Q1 2025 → Q2 2025
| PG The Procter & Gamble Co. | Reduce -3.4% | 0.53% | −0.12 |
| V Visa Inc. Class A | Reduce -2.5% | 0.96% | −0.11 |
| CVX Chevron Corp. | Reduce -3.1% | 0.33% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -3.1% | 0.33% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.0% | 0.21% | −0.09 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.07 |
| PGR Progressive Corp. | Reduce -9.5% | 0.24% | −0.07 |
| COP Conocophillips | Reduce -9.2% | 0.16% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -1.2% | 0.74% | −0.07 |
| FISV Fiserv Inc. | Reduce -5.3% | 0.13% | −0.07 |
| MCD McDonald's Corp. | Reduce -1.4% | 0.29% | −0.06 |
| ACN Accenture PLC Class A | Reduce -1.4% | 0.30% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -1.0% | 0.29% | −0.05 |
| ELV Elevance Health Inc. | Reduce -4.2% | 0.15% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -0.8% | 0.17% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -0.8% | 0.17% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -18.9% | 0.16% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -2.5% | 0.21% | −0.04 |
| OKE Oneok Inc. | Reduce -1.6% | 0.09% | −0.03 |
| GILD Gilead Sciences Inc. | Reduce -1.1% | 0.24% | −0.03 |
| AJG Arthur J Gallagher & Co. | Reduce -5.8% | 0.12% | −0.03 |
| DHR Danaher Corp. | Reduce -0.7% | 0.20% | −0.03 |
| ADBE Adobe Inc. | Reduce -0.3% | 0.30% | −0.03 |
| SLB SLB Ltd. | Reduce -2.3% | 0.07% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -8.0% | 0.12% | −0.03 |
| SBUX Starbucks Corp. | Reduce -2.2% | 0.13% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 0.17% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.2% | 0.20% | −0.03 |
| CI The Cigna Group | Reduce -7.4% | 0.14% | −0.03 |
| CB Chubb Ltd. | Reduce -1.8% | 0.15% | −0.03 |
| SPGI S&P Global Inc. | Reduce -2.9% | 0.27% | −0.03 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.02 |
| CME Cme Group Inc. | Reduce -7.9% | 0.16% | −0.02 |
| X United States Steel Corp. | Sold out | 0.00% | −0.02 |
| ADP Automatic Data Processing | Reduce -1.7% | 0.21% | −0.02 |
| HES Hess Corp. | Reduce -4.7% | 0.07% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -1.0% | 0.31% | −0.02 |
| ZTS Zoetis Inc. | Reduce -3.2% | 0.11% | −0.02 |
| AFL Aflac Inc. | Reduce -9.6% | 0.08% | −0.02 |
| TJX TJX Companies Inc. | Reduce -0.6% | 0.24% | −0.02 |
| MO Altria Group Inc. | Reduce -1.8% | 0.14% | −0.02 |
| CPRT Copart Inc. | Reduce -4.9% | 0.06% | −0.02 |
| NOC Northrop Grumman Corp. | Reduce -7.2% | 0.09% | −0.02 |
| PCG P G & E Corp. | Reduce -0.6% | 0.06% | −0.02 |
| BKR Baker Hughes Co. | Reduce -2.4% | 0.07% | −0.02 |
| INTC Intel Corp. | Reduce -0.2% | 0.17% | −0.02 |
| SPG Simon Property Group Inc. | Reduce -2.5% | 0.12% | −0.02 |
| TRGP Targa Resources Corp. | Reduce -0.0% | 0.07% | −0.02 |
| CORT Corcept Therapeutics Inc. | Reduce -14.7% | 0.02% | −0.02 |
| GIS General Mills Inc. | Reduce -3.2% | 0.06% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +0.4% | 5.78% | +1.43 |
| AVGO Broadcom Inc. | Add +1.4% | 1.99% | +0.67 |
| NFLX Netflix Inc. | Add +1.2% | 0.87% | +0.21 |
| AMZN Amazon.com Inc. | Add +1.3% | 3.00% | +0.17 |
| TSLA Tesla Inc. | Add +0.1% | 1.25% | +0.13 |
| COF Capital One Financial Corp. | Add +80.6% | 0.21% | +0.10 |
| AMD Advanced Micro Devices | Add +2.3% | 0.37% | +0.08 |
| GEV GE Vernova Inc. | Add +3.4% | 0.20% | +0.08 |
| INTU Intuit Inc. | Add +6.1% | 0.39% | +0.07 |
| GE General Electric | Add +1.9% | 0.41% | +0.07 |
| COIN Coinbase Global Inc. Class A | Add +21.9% | 0.10% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +4.8% | 0.20% | +0.05 |
| BKNG Booking Holdings Inc. | Add +2.2% | 0.30% | +0.04 |
| SPOT Spotify Technology SA | Add +4.5% | 0.17% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | Add +6.9% | 0.08% | +0.04 |
| HWM Howmet Aerospace Inc. | Add +3.0% | 0.16% | +0.04 |
| RCL Royal Caribbean Cruises Ltd. | Add +9.2% | 0.12% | +0.04 |
| IXUS iShares Core Intl Stock ETF | Add +9.7% | 0.44% | +0.04 |
| AXON Axon Enterprise Inc. | Add +4.2% | 0.12% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +3.4% | 0.09% | +0.03 |
| KLAC KLA Corp. | Add +0.3% | 0.20% | +0.03 |
| RBLX Roblox Corp. Class A | Add +16.4% | 0.07% | +0.03 |
| NET Cloudflare Inc. Class A | Add +2.5% | 0.08% | +0.03 |
| SNOW Snowflake Inc. | Add +4.9% | 0.09% | +0.03 |
| CVNA Carvana Co. | Add +28.9% | 0.06% | +0.03 |
| PWR Quanta Services Inc. | Add +2.3% | 0.09% | +0.02 |
| PM Philip Morris International | Add +2.0% | 0.36% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +4.4% | 0.22% | +0.02 |
| FLUT Flutter Entertainment PLC-Di | Add +35.2% | 0.06% | +0.02 |
| NRG NRG Energy Inc. | Add +3.7% | 0.05% | +0.02 |
| ADI Analog Devices Inc. | Add +3.9% | 0.19% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +0.9% | 0.21% | +0.02 |
| FLEX Flex Ltd. | Add +33.8% | 0.04% | +0.02 |
| WDC Western Digital Corp. | Add +16.5% | 0.04% | +0.02 |
| TTWO Take-Two Interactive Softwre | Add +17.4% | 0.08% | +0.02 |
| ZS Zscaler Inc. | Add +7.5% | 0.04% | +0.02 |
| DLR Digital Realty Trust Inc. | Add +3.3% | 0.12% | +0.02 |
| MELI MercadoLibre Inc. | Add +4.6% | 0.07% | +0.02 |
| STX Seagate Technology Holdings | Add +3.1% | 0.04% | +0.01 |
| CSCO Cisco Systems Inc. | Add +0.9% | 0.49% | +0.01 |
| HLT Hilton Worldwide Holdings Inc. | Add +6.2% | 0.12% | +0.01 |
| JBL Jabil Inc. | Add +4.1% | 0.04% | +0.01 |
| WMT Walmart Inc. | Add +1.1% | 0.64% | +0.01 |
| APG Api Group Corp. | Add +113.8% | 0.02% | +0.01 |
| MPWR Monolithic Power Systems Inc. | Add +6.4% | 0.07% | +0.01 |
| NEM Newmont Corp. | Add +1.3% | 0.13% | +0.01 |
| OKTA Okta Inc. | Add +79.5% | 0.04% | +0.01 |
| SE Sea Ltd.-ADR | Add +11.8% | 0.06% | +0.01 |
| STRL Sterling Infrastructure Inc. | Add +33.0% | 0.02% | +0.01 |
| CCL Carnival Corp. | Add +8.0% | 0.04% | +0.01 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +36.6% | 30,914,200 | $19.1B |
| GLD SPDR Gold Shares | call | Reduce -10.8% | 6,136,600 | $1.9B |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Sold out | 8,800,000 | $956.5Mbefore exit |
| IVV iShares Core S&P 500 ETF | put | Reduce -2.6% | 1,113,000 | $691.1M |
| EFA iShares MSCI Eafe ETF | call | Add +24.9% | 5,752,800 | $514.2M |
| IWM iShares Russell 2000 ETF | put | Add +286.2% | 1,930,800 | $416.6M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -72.1% | 684,000 | $377.3M |
| FXI iShares China Large-Cap ETF | call | New | 9,262,500 | $340.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -81.7% | 528,800 | $326.7M |
| IWM iShares Russell 2000 ETF | call | Add +92.1% | 1,317,500 | $284.3M |
| ACWI iShares MSCI Acwi ETF | call | Add +25.0% | 2,064,000 | $265.4M |
| WFC Wells Fargo & Co. | call | New | 2,878,100 | $230.6M |
| MSFT Microsoft Corp. | call | New | 456,700 | $227.2M |
| KWEB Kranesh Csi China Internet | call | Sold out | 6,139,800 | $214.3Mbefore exit |
| NVDA Nvidia Corp. | call | New | 1,304,400 | $206.1M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 344,600 | $190.1M |
| NKE Nike Inc. Class B | put | New | 2,584,000 | $183.6M |
| UNH Unitedhealth Group Inc. | call | Sold out | 332,000 | $173.9Mbefore exit |
| META Meta Platforms Inc. Class A | call | New | 209,900 | $154.9M |
| C Citigroup Inc. | call | Add +20.9% | 1,684,800 | $143.4M |
| ORCL Oracle Corp. | put | New | 510,500 | $111.6M |
| WMT Walmart Inc. | call | Reduce -42.6% | 1,140,200 | $111.5M |
| AMZN Amazon.com Inc. | call | New | 493,200 | $108.2M |
| AAPL Apple Inc. | call | New | 501,700 | $102.9M |
| HLT Hilton Worldwide Holdings Inc. | call | New | 378,200 | $100.7M |
| RSP Invesco S&P 500 Equal Weight | call | Add +41.8% | 484,800 | $88.1M |
| BAC Bank of America Corp. | call | Add +9.5% | 1,841,100 | $87.1M |
| DIS The Walt Disney Co. | call | New | 667,900 | $82.8M |
| JPM JPMorgan Chase & Co. | call | Reduce -11.7% | 267,600 | $77.6M |
| LLY Eli Lilly & Co. | call | Add +143.4% | 95,400 | $74.4M |
| ALPHABET INC | call | Reduce -35.8% | 417,700 | $74.1M |
| NVDA Nvidia Corp. | put | Sold out | 674,000 | $73.0Mbefore exit |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -38.6% | 875,000 | $70.6M |
| NFLX Netflix Inc. | call | New | 50,700 | $67.9M |
| DLTR Dollar Tree Inc. | put | New | 681,000 | $67.4M |
| UPS United Parcel Service Class B | put | Sold out | 600,000 | $66.0Mbefore exit |
| EEM iShares MSCI Emerging Market | call | Add +25.1% | 1,109,400 | $53.5M |
| ORCL Oracle Corp. | call | New | 230,600 | $50.4M |
| FDX FedEx Corp. | put | Sold out | 200,000 | $48.8Mbefore exit |
| DUK Duke Energy Corp. | call | Sold out | 385,900 | $47.1Mbefore exit |
| UNP Union Pacific Corp. | call | Sold out | 191,600 | $45.3Mbefore exit |
| UBER Uber Technologies Inc. | call | Sold out | 545,700 | $39.8Mbefore exit |
| AVGO Broadcom Inc. | call | New | 139,000 | $38.3M |
| BSX Boston Scientific Corp. | call | New | 352,400 | $37.9M |
| MA Mastercard Inc. Class A | call | New | 63,800 | $35.9M |
| TRANE TECHNOLOGIES PLC | call | New | 81,800 | $35.8M |
| AMD Advanced Micro Devices | call | New | 202,400 | $28.7M |
| ISRG Intuitive Surgical Inc. | call | New | 52,800 | $28.7M |
| LUV Southwest Airlines Co. | put | Sold out | 850,000 | $28.5Mbefore exit |
| MRVL Marvell Technology Inc. | call | Sold out | 463,400 | $28.5Mbefore exit |
Showing the first 50 of 93.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -7.5% | 10,830,565 | $736.5M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -1.6% | 288,411 | $338.6M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Sold out | 4,296,860 | $212.3Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +8.4% | 2,918,247 | $194.5M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.1% | 152,658 | $185.2M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -5.7% | 2,265,962 | $169.6M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -6.1% | 3,128,592 | $147.3M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -5.6% | 2,366,401 | $139.3M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | New | 107,155,000 | $127.4M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -5.3% | 3,931,520 | $126.2M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -5.8% | 2,362,531 | $125.2M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -5.7% | 3,128,082 | $124.3M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +45.3% | 905,940 | $109.6M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Reduce -5.8% | 2,345,512 | $103.8M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -15.3% | 79,719,000 | $93.2M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 78,895,000 | $90.8M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 68,313,000 | $87.0M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +86.3% | 95,570,000 | $85.7M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Add +120.7% | 66,520,000 | $85.2M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +13.4% | 73,837,000 | $79.7M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +30.1% | 85,840,000 | $79.2M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Sold out | 76,881,000 | $77.9Mbefore exit |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | New | 55,000,000 | $73.4M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +1.1% | 58,100,000 | $68.7M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 67,351,000 | $66.4M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +25.5% | 70,505,000 | $66.1M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | New | 60,785,000 | $65.8M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | New | 46,635,000 | $64.3M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | New | 64,972,000 | $62.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +154.1% | 61,710,000 | $62.7M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | New | 900,314 | $55.8M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Reduce -4.8% | 634,348 | $52.4M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +0.3% | 51,450,000 | $46.0M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +19.5% | 31,638,000 | $45.1M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -6.7% | 28,431,000 | $43.1M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -6.0% | 635,059 | $38.4M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -1.0% | 38,865,000 | $36.0M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Add +5.5% | 37,858,000 | $35.6M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -2.4% | 38,538,000 | $35.6M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +20.3% | 19,840,000 | $35.6M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -0.9% | 41,040,000 | $35.6M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +8.1% | 35,080,000 | $34.9M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +24.3% | 19,170,000 | $34.5M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Add +2.8% | 28,090,000 | $33.6M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Reduce -1.2% | 39,965,000 | $30.5M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Add +4.8% | 28,725,000 | $30.1M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Add +54.6% | 26,768,000 | $28.5M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 24,913,000 | $27.4M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Add +195.5% | 26,205,000 | $27.3M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +28.0% | 17,270,000 | $26.5M |
Showing the first 50 of 260.
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 |