BlackRock, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), BlackRock, Inc. reported 5,155 stock positions worth $5.67 trillion. Its top holding was Nvidia (NVDA) at 6.3% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Apple (AAPL, 5.1%). Compared with Q2 2025, it opened 182 new positions, sold out of 161, added to 2,378 and reduced 2,190. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Costco Wholesale (COST, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0002012383
- Portfolio Value
- $5.67T (Q3 2025)
- SEC Filing
- 0002012383-25-002949 ↗ filed Nov 12, 2025
Holdings Value
Holdings 5,155 stocks · $5.67T
| NVDA Nvidia Corp. | 6.35% | 1,929,259,144 | $360.0B | Add +1.0% |
| MSFT Microsoft Corp. | 5.41% | 591,860,058 | $306.6B | Add +1.8% |
| AAPL Apple Inc. | 5.15% | 1,146,332,274 | $291.9B | Reduce -0.2% |
| AMZN Amazon.com Inc. | 2.80% | 722,344,070 | $158.6B | Add +1.3% |
| AVGO Broadcom Inc. | 2.20% | 377,927,942 | $124.7B | Add +0.3% |
| META Meta Platforms Inc. Class A | 2.17% | 167,495,652 | $123.0B | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 1.84% | 428,440,195 | $104.2B | Reduce -0.4% |
| TSLA Tesla Inc. | 1.62% | 206,739,699 | $91.9B | Add +0.4% |
| GOOG Alphabet Inc. Class C | 1.54% | 358,535,293 | $87.3B | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 1.16% | 209,192,010 | $66.0B | Add +1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 114,621,401 | $57.6B | Add +1.0% |
| LLY Eli Lilly & Co. | 0.89% | 65,809,763 | $50.2B | Reduce -0.2% |
| V Visa Inc. Class A | 0.85% | 141,074,597 | $48.2B | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 0.84% | 71,298,133 | $47.7B | Add +0.3% |
| NFLX Netflix Inc. | 0.73% | 34,743,202 | $41.7B | Add +2.3% |
| MA Mastercard Inc. Class A | 0.70% | 70,161,841 | $39.9B | Add +2.1% |
| ORCL Oracle Corp. | 0.69% | 139,726,142 | $39.3B | Add +3.3% |
| JNJ Johnson & Johnson | 0.68% | 207,261,021 | $38.4B | Add +1.7% |
| WMT Walmart Inc. | 0.63% | 345,660,392 | $35.6B | Add +0.4% |
| XOM Exxon Mobil Corp. | 0.62% | 309,816,586 | $34.9B | Add +0.8% |
| PLTR Palantir Technologies Inc. Class A | 0.61% | 188,505,957 | $34.4B | Add +6.4% |
| ABBV Abbvie Inc. | 0.60% | 145,977,089 | $33.8B | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.57% | 34,781,929 | $32.2B | Reduce -2.3% |
| HD Home Depot Inc. | 0.54% | 75,352,278 | $30.5B | Reduce -1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 535,326,028 | $27.6B | Add +3.9% |
| PG The Procter & Gamble Co. | 0.48% | 178,658,338 | $27.5B | Add +3.8% |
| GE General Electric filed as GE AEROSPACE | 0.47% | 87,935,625 | $26.5B | Add +5.3% |
| CSCO Cisco Systems Inc. | 0.45% | 376,229,920 | $25.7B | Add +1.8% |
| UNH Unitedhealth Group Inc. | 0.45% | 74,291,898 | $25.7B | Reduce -1.4% |
| IXUS iShares Core Intl Stock ETF | 0.43% | 294,259,937 | $24.3B | Reduce -0.1% |
| AMD Advanced Micro Devices | 0.39% | 136,390,486 | $22.1B | Reduce -0.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 76,907,528 | $21.7B | Reduce -1.1% |
| CVX Chevron Corp. | 0.38% | 139,096,738 | $21.6B | Add +16.9% |
| WFC Wells Fargo & Co. | 0.38% | 255,077,723 | $21.4B | Reduce -0.6% |
| KO The Coca-Cola Co. | 0.37% | 316,539,027 | $21.0B | Add +1.0% |
| CRM Salesforce Inc. | 0.34% | 81,175,886 | $19.2B | Reduce -0.6% |
| ABT Abbott Laboratories | 0.33% | 141,559,956 | $19.0B | Add +0.2% |
| INTU Intuit Inc. | 0.33% | 27,504,560 | $18.8B | Add +6.5% |
| GS Goldman Sachs Group Inc. | 0.32% | 23,093,715 | $18.4B | Add +0.1% |
| MRK Merck & Co. Inc. | 0.32% | 214,876,600 | $18.0B | Reduce -1.6% |
| APP AppLovin Corp. Class A | 0.32% | 24,929,835 | $17.9B | Add +31.6% |
| NOW ServiceNow Inc. | 0.31% | 19,182,102 | $17.7B | Add +3.7% |
| LIN Linde PLC | 0.31% | 36,810,537 | $17.5B | Add +0.3% |
| PM Philip Morris International | 0.30% | 105,259,766 | $17.1B | Add +1.6% |
| RTX RTX Corp. | 0.30% | 101,151,945 | $16.9B | Add +2.9% |
| LRCX Lam Research Corp. | 0.29% | 124,258,984 | $16.6B | Add +1.7% |
| C Citigroup Inc. | 0.29% | 161,730,118 | $16.4B | Reduce -2.2% |
| QCOM Qualcomm Inc. | 0.29% | 98,567,624 | $16.4B | Reduce -2.2% |
| CAT Caterpillar Inc. | 0.29% | 34,284,378 | $16.4B | Add +1.4% |
| PEP Pepsico Inc. | 0.29% | 116,429,625 | $16.4B | Add +0.1% |
| T AT&T Inc. | 0.29% | 574,993,630 | $16.2B | Add +2.2% |
| VZ Verizon Communications Inc. | 0.28% | 360,825,721 | $15.9B | Add +2.1% |
| MCD McDonald's Corp. | 0.28% | 52,064,527 | $15.8B | Add +0.4% |
| MU Micron Technology Inc. | 0.28% | 93,828,422 | $15.7B | Add +1.8% |
| AMAT Applied Materials Inc. | 0.27% | 74,384,347 | $15.2B | Reduce -1.2% |
| BKNG Booking Holdings Inc. | 0.27% | 2,801,432 | $15.1B | Add +2.8% |
| MS Morgan Stanley | 0.26% | 93,668,209 | $14.9B | Reduce -1.4% |
| UBER Uber Technologies Inc. | 0.26% | 150,984,392 | $14.8B | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 101,422,585 | $14.7B | Add +1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 126,875,751 | $14.5B | Reduce -0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 29,637,636 | $14.4B | Add +8.4% |
| AXP American Express Co. | 0.25% | 43,055,124 | $14.3B | Reduce -1.3% |
| ADBE Adobe Inc. | 0.25% | 40,521,996 | $14.3B | Add +0.9% |
| BSX Boston Scientific Corp. | 0.25% | 145,175,869 | $14.2B | Reduce -1.0% |
| TXN Texas Instruments Inc. | 0.25% | 76,894,811 | $14.1B | Add +0.1% |
| ISRG Intuitive Surgical Inc. | 0.25% | 31,543,936 | $14.1B | Add +0.1% |
| ACN Accenture PLC Class A | 0.24% | 54,996,774 | $13.6B | Add +3.5% |
| INTC Intel Corp. | 0.24% | 397,805,160 | $13.3B | Add +1.9% |
| ANET Arista Networks Inc. | 0.23% | 89,295,832 | $13.0B | Add +3.9% |
| AMGN Amgen Inc. | 0.23% | 46,034,432 | $13.0B | Reduce -1.2% |
| NEE Nextera Energy Inc. | 0.23% | 171,326,124 | $12.9B | Add +1.6% |
| GILD Gilead Sciences Inc. | 0.23% | 116,281,391 | $12.9B | Add +1.2% |
| KLAC KLA Corp. | 0.23% | 11,829,811 | $12.8B | Add +0.2% |
| PFE Pfizer Inc. | 0.22% | 497,434,544 | $12.7B | Add +0.5% |
| SCHW Schwab (charles) Corp. | 0.22% | 132,280,754 | $12.6B | Add +3.2% |
| APH Amphenol Corp. Class A | 0.22% | 100,848,100 | $12.5B | Add +6.7% |
| WELL Welltower Inc. | 0.22% | 69,415,091 | $12.4B | Add +4.3% |
| GEV GE Vernova Inc. | 0.22% | 20,074,776 | $12.3B | Add +1.8% |
| SPGI S&P Global Inc. | 0.22% | 25,297,306 | $12.3B | Reduce -4.5% |
| PGR Progressive Corp. | 0.21% | 48,702,663 | $12.0B | Add +2.3% |
| BLK BlackRock Inc. | 0.21% | 10,074,849 | $11.7B | Reduce -0.4% |
| UNP Union Pacific Corp. | 0.20% | 48,602,527 | $11.5B | Add +7.7% |
| MDT Medtronic PLC | 0.20% | 119,568,806 | $11.4B | Reduce -2.4% |
| PANW Palo Alto Networks Inc. | 0.20% | 55,439,906 | $11.3B | Add +3.2% |
| BA The Boeing Co. | 0.20% | 51,285,080 | $11.1B | Add +2.7% |
| PLD Prologis Inc. | 0.19% | 96,332,565 | $11.0B | Add +3.3% |
| ETN Eaton Corp. PLC | 0.19% | 28,559,488 | $10.7B | Add +0.6% |
| ADP Automatic Data Processing | 0.19% | 36,181,423 | $10.6B | Add +1.8% |
| COF Capital One Financial Corp. | 0.19% | 49,947,545 | $10.6B | Reduce -2.0% |
| ADI Analog Devices Inc. | 0.19% | 42,889,823 | $10.5B | Add +4.8% |
| DHR Danaher Corp. | 0.18% | 52,300,038 | $10.4B | Add +0.1% |
| HON Honeywell International Inc. | 0.18% | 49,023,729 | $10.3B | Add +6.1% |
| NEM Newmont Corp. | 0.18% | 122,326,677 | $10.3B | Add +3.4% |
| ITOT iShares Core S&P Total U.S. | 0.18% | 69,665,025 | $10.1B | Add +12.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 20,676,068 | $10.1B | Add +1.8% |
| CDNS Cadence Design SYS Inc. | 0.18% | 28,832,948 | $10.1B | Reduce -3.5% |
| CMCSA Comcast Corp. Class A | 0.18% | 321,619,813 | $10.1B | Add +6.5% |
| SYK Stryker Corp. | 0.17% | 26,728,719 | $9.9B | Add +0.4% |
| LOW Lowe's Cos Inc. | 0.17% | 39,172,710 | $9.8B | Reduce -0.3% |
| TT Trane Technologies PLC | 0.17% | 22,687,591 | $9.6B | Add +1.2% |
Options reported separately and not counted above: SPY calls ($25.7B), GLD calls ($2.8B), SPY puts ($1.4B), HYG puts ($653.6M), IVV puts ($633.8M), ALPHABET INC calls ($460.3M), EFA calls ($435.2M), AAPL calls ($409.3M), QQQ calls ($403.4M), FXI calls ($373.5M), ACWI calls ($285.3M), IWM calls ($249.4M), and 41 more.
Other holdings (242): bonds, preferreds, convertibles and warrants · $6.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 10,333,287 | $718.9M | Reduce -4.6% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 291,715 | $360.1M | Add +1.1% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 4,139,573 | $216.7M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 155,687 | $199.3M | Add +2.0% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 2,953,566 | $174.3M | Add +1.2% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 2,399,661 | $162.9M | Add +1.4% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 2,299,720 | $161.6M | Add +1.5% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 3,171,602 | $158.2M | Add +1.4% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 3,982,512 | $150.9M | Add +1.3% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 110,429,000 | $138.8M | Add +38.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 2,399,701 | $119.2M | Add +1.6% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 62,702,000 | $115.2M | Reduce -8.2% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 2,378,664 | $111.9M | Add +1.4% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 109,475,000 | $100.6M | Add +14.6% |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 55,000,000 | $98.4M | No change |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 1,021,548 | $93.7M | Add +12.8% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 54,898,000 | $83.3M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 85,990,000 | $80.9M | Add +0.2% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 81,755,000 | $74.5M | Add +16.0% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 67,514,000 | $73.9M | Add +0.2% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 50,615,000 | $69.4M | Reduce -23.9% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 43,762,000 | $68.5M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 60,985,000 | $65.5M | Add +0.3% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 20,050,000 | $64.3M | Add +1.1% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 634,350 | $64.1M | Add +0.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 49,515,000 | $60.7M | Reduce -37.2% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 49,597,000 | $59.4M | Add +113.3% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 20,425,000 | $58.8M | Add +6.5% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 54,475,000 | $56.4M | Reduce -11.7% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 54,928,000 | $56.0M | Add +229.3% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 52,121,000 | $53.3M | Reduce -19.8% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 190,303 | $51.7M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 57,590,000 | $51.7M | Add +11.9% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 919,849 | $50.6M | Add +2.2% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 35,230,000 | $48.8M | Add +25.4% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 40,925,000 | $46.8M | Add +16.7% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 643,909 | $45.8M | Add +1.4% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 44,355,000 | $43.7M | Add +14.1% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 50,165,000 | $42.8M | Add +25.5% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 39,425,000 | $40.7M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 29,081,000 | $39.7M | Add +2.3% |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 27,610,000 | $38.7M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 24,968,000 | $36.7M | Reduce -21.1% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 37,733,000 | $35.8M | Reduce -0.3% |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | 36,000,000 | $35.5M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 37,967,000 | $35.0M | Reduce -1.5% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 25,225,000 | $34.9M | Reduce -12.2% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 19,990,000 | $30.6M | Add +59.2% |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 29,155,000 | $29.3M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 25,317,000 | $28.9M | Reduce -65.7% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 25,713,000 | $28.6M | Add +3.2% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 6,125,000 | $27.4M | Add +1.7% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 26,330,000 | $26.4M | Add +0.5% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 1,030,425 | $26.0M | Add +1.3% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 10,000,833 | $24.6M | Reduce -14.3% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 22,819,000 | $23.1M | Add +14.7% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 23,990,000 | $22.6M | Add +10.9% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 24,973,000 | $22.3M | Reduce -39.1% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 17,420,000 | $21.7M | Reduce -70.0% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 16,425,000 | $21.2M | Add +96.5% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 20,890,000 | $21.2M | Reduce -2.3% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 19,400,000 | $20.8M | Reduce -1.0% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 18,700,000 | $20.7M | Add +0.4% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 4,475,000 | $20.0M | Add +0.6% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 20,344,000 | $19.8M | Add +35.2% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 13,605,000 | $19.7M | New |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 4,650,000 | $19.2M | Reduce -66.6% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 19,015,000 | $18.6M | Add +2.7% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 14,450,000 | $18.4M | Reduce -18.7% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 11,385,000 | $18.4M | Reduce -34.1% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 19,363,000 | $17.7M | Add +1.2% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 352,376 | $17.6M | Add +6.4% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 15,631,000 | $16.8M | Reduce -5.4% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 16,145,000 | $16.7M | Add +1.3% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 10,000,000 | $16.4M | Add +0.5% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 18,083,000 | $16.1M | Add +11.8% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 7,200,000 | $16.1M | Reduce -7.1% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 12,650,000 | $15.9M | Add +15.5% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 13,585,000 | $15.6M | Reduce -87.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 12,750,000 | $14.2M | Add +4.5% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 5,845,000 | $14.1M | Reduce -2.1% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 7,710,000 | $13.7M | Reduce -0.3% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 14,475,000 | $13.4M | Add +1.4% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 10,980,000 | $13.4M | Reduce -2.2% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 13,303,000 | $13.0M | Add +7.9% |
| AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) | NOTE 4.250% 2/1 · principal | 12,677,000 | $12.1M | No change |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 11,020,000 | $11.9M | New |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 4,910,000 | $11.8M | Reduce -0.2% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 12,030,000 | $11.7M | Add +3.4% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 11,348,000 | $11.6M | Reduce -40.6% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 4,083,000 | $11.6M | Add +0.6% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 8,300,000 | $11.6M | Add +2.1% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 9,716,000 | $11.5M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 9,629,000 | $11.4M | Reduce -0.3% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 12,050,000 | $11.3M | Reduce -1.4% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 5,350,000 | $11.1M | Reduce -13.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 8,525,000 | $11.0M | Add +3.0% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 427,612 | $10.9M | Add +2.9% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 9,500,000 | $10.5M | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 12,064,000 | $10.4M | Add +2.9% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 6,675,000 | $10.2M | Add +3.1% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 9,422,000 | $10.0M | Reduce -5.0% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 6,950,000 | $9.8M | Reduce -60.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 483,246 | $9.8M | Add +2.5% |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 10,000,000 | $9.6M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 9,500,000 | $9.5M | Reduce -3.1% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 10,045,000 | $9.5M | Add +1.8% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 8,325,000 | $9.4M | Add +2.5% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 231,696 | $9.2M | Add +0.8% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 9,401,000 | $9.0M | Reduce -14.5% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 9,615,000 | $9.0M | Add +0.3% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 8,550,000 | $8.9M | Add +51.3% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 5,625,000 | $8.8M | Reduce -3.4% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 7,675,000 | $8.7M | Add +1.7% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 6,800,000 | $8.7M | Reduce -85.4% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 273,246 | $8.6M | Reduce -0.0% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 2,733,000 | $8.6M | Reduce -3.5% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 9,625,000 | $8.5M | Reduce -2.0% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,750,000 | $8.5M | Reduce -71.0% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 8,120,000 | $8.2M | Reduce -16.5% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 6,317,000 | $7.8M | Add +1.6% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 6,751,000 | $7.7M | Reduce -15.1% |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 3,400,000 | $7.6M | Add +3.0% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 5,525,000 | $7.5M | Reduce -1.8% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 7,848,000 | $7.5M | Add +3.3% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 154,682 | $7.4M | Reduce -1.4% |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 5,700,000 | $7.4M | Reduce -1.3% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 2,960,000 | $7.4M | Reduce -9.2% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 5,270,000 | $7.4M | Reduce -1.4% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 4,371,000 | $7.4M | Reduce -50.6% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 3,025,000 | $7.3M | Reduce -1.6% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 354,364 | $7.2M | Add +2.9% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 7,272,000 | $7.1M | Add +10.0% |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 5,400,000 | $7.0M | Add +1.9% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 7,150,000 | $7.0M | Reduce -0.3% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 6,643,000 | $6.9M | Add +5.1% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 5,670,000 | $6.7M | Add +0.9% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 7,400,000 | $6.7M | Reduce -5.1% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,040,000 | $6.6M | Add +4.3% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 4,750,000 | $6.5M | Add +21.0% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 7,589,000 | $6.5M | Add +2.7% |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 4,767,000 | $6.5M | Add +2.1% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 6,565,000 | $6.5M | Reduce -5.1% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 6,900,000 | $6.4M | Add +4.2% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 7,147,000 | $6.3M | Reduce -0.7% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,825,000 | $6.3M | Add +5.4% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 3,175,000 | $6.2M | Add +5.8% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 4,400,000 | $6.2M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 4,700,000 | $6.2M | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 5,500,000 | $6.2M | Reduce -3.9% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 6,225,000 | $6.1M | Add +1.2% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 5,946,000 | $6.0M | Add +3.0% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 5,694,000 | $5.9M | Add +2.2% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 5,489,000 | $5.9M | Reduce -6.8% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 5,971,000 | $5.8M | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 5,968,000 | $5.8M | Reduce -3.2% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 5,425,000 | $5.8M | Reduce -2.3% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 5,500,000 | $5.8M | Add +0.9% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 4,725,000 | $5.7M | Add +6.8% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 5,825,000 | $5.7M | Add +5.4% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 6,148,000 | $5.7M | Reduce -2.0% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 5,079,000 | $5.6M | Add +4.1% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 5,531,000 | $5.5M | Reduce -15.3% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 5,700,000 | $5.4M | Add +3.6% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 5,455,000 | $5.4M | Reduce -3.5% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 5,730,000 | $5.4M | Reduce -1.3% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 5,704,000 | $5.2M | Reduce -2.6% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 5,248,000 | $5.1M | Reduce -5.4% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 5,192,000 | $5.1M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 5,535,000 | $5.1M | Reduce -4.3% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 4,750,000 | $5.0M | Add +4.4% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 5,250,000 | $5.0M | Reduce -1.9% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 2,600,000 | $4.9M | Add +5.0% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 3,275,000 | $4.9M | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 4,686,000 | $4.9M | Reduce -24.9% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 2,850,000 | $4.8M | Add +4.6% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 4,766,000 | $4.7M | No change |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 4,975,000 | $4.6M | Add +4.7% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 4,594,000 | $4.5M | Reduce -2.6% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 4,675,000 | $4.5M | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 3,975,000 | $4.5M | Reduce -1.9% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 4,446,000 | $4.5M | Reduce -2.7% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 4,615,000 | $4.4M | Reduce -4.7% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 4,605,000 | $4.4M | Reduce -16.0% |
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | NOTE 2.250% 7/0 · principal | 3,350,000 | $4.4M | New |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 2,550,000 | $4.1M | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 4,100,000 | $4.1M | Add +5.1% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 2,825,000 | $4.1M | Add +5.6% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 3,748,000 | $4.0M | Add +4.9% |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 245,867 | $4.0M | Reduce -1.4% |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 3,000,000 | $3.9M | New |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 3,475,000 | $3.8M | Reduce -77.2% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 2,825,000 | $3.8M | Reduce -6.6% |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 4,025,000 | $3.6M | Add +2.5% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 2,800,000 | $3.6M | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 4,075,000 | $3.6M | Reduce -64.3% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 3,175,000 | $3.6M | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 3,677,000 | $3.6M | Add +2.8% |
| JAMF HOLDING CORP (JAMF 0.125 09/01/26) | NOTE 0.125% 9/0 · principal | 3,725,000 | $3.6M | Add +7.2% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 3,525,000 | $3.5M | No change |
Largest 200 of 242 shown.
Total filed on the 13F, all lines: $5.68T.
Portfolio Sells Q2 2025 → Q3 2025
| COST Costco Wholesale Corp. | Reduce -2.3% | 0.57% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -0.2% | 0.89% | −0.10 |
| CRM Salesforce Inc. | Reduce -0.6% | 0.34% | −0.09 |
| HES Hess Corp. | Sold out | 0.00% | −0.07 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.07 |
| IBM Intl Business Machines Corp. | Reduce -1.1% | 0.38% | −0.06 |
| BSX Boston Scientific Corp. | Reduce -1.0% | 0.25% | −0.05 |
| SPGI S&P Global Inc. | Reduce -4.5% | 0.22% | −0.05 |
| DIS The Walt Disney Co. | Reduce -0.8% | 0.26% | −0.05 |
| CMG Chipotle Mexican Grill Inc. | Reduce -2.0% | 0.08% | −0.04 |
| AMT American Tower Corp. | Reduce -0.6% | 0.15% | −0.04 |
| FTNT Fortinet Inc. | Reduce -2.7% | 0.09% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -3.7% | 0.14% | −0.03 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.03 |
| CI The Cigna Group | Reduce -1.1% | 0.11% | −0.03 |
| CHTR Charter Communications Inc. Class A | Reduce -10.5% | 0.03% | −0.03 |
| FICO Fair Isaac Corp. | Reduce -8.4% | 0.06% | −0.03 |
| TDG Transdigm Group Inc. | Reduce -1.6% | 0.10% | −0.03 |
| UPS United Parcel Service Class B | Reduce -3.9% | 0.07% | −0.03 |
| KDP Keurig Dr Pepper Inc. | Reduce -4.1% | 0.05% | −0.02 |
| MCO Moody's Corp. | Reduce -3.0% | 0.12% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -2.1% | 0.08% | −0.02 |
| COF Capital One Financial Corp. | Reduce -2.0% | 0.19% | −0.02 |
| AMGN Amgen Inc. | Reduce -1.2% | 0.23% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -1.4% | 0.09% | −0.02 |
| DXCM Dexcom Inc. | Reduce -0.5% | 0.05% | −0.02 |
| AMP Ameriprise Financial Inc. | Reduce -5.2% | 0.08% | −0.02 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -6.0% | 0.10% | −0.02 |
| GDDY GoDaddy Inc. Class A | Reduce -5.8% | 0.04% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.2% | 0.11% | −0.02 |
| LNG Cheniere Energy Inc. | Reduce -12.1% | 0.07% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -2.2% | 0.29% | −0.02 |
| ZTS Zoetis Inc. | Reduce -2.8% | 0.09% | −0.02 |
| KVUE Kenvue Inc. | Reduce -1.9% | 0.04% | −0.02 |
| EQIX Equinix Inc. | Reduce -1.1% | 0.15% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -0.6% | 0.38% | −0.02 |
| OKE Oneok Inc. | Reduce -1.4% | 0.07% | −0.02 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.2% | 0.06% | −0.02 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.02 |
| WM Waste Management Inc. | Reduce -0.6% | 0.12% | −0.02 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.01 |
| AJG Arthur J Gallagher & Co. | Reduce -2.2% | 0.10% | −0.01 |
| SFM Sprouts Farmers Market Inc. | Reduce -3.8% | 0.02% | −0.01 |
| AXP American Express Co. | Reduce -1.3% | 0.25% | −0.01 |
| LULU Lululemon Athletica Inc. | Reduce -0.9% | 0.03% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -1.1% | 0.11% | −0.01 |
| AIG American International Group | Reduce -1.7% | 0.06% | −0.01 |
| YUMC Yum China Holdings Inc. | Reduce -85.3% | 0.00% | −0.01 |
| GWW WW Grainger Inc. | Reduce -0.4% | 0.07% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -1.6% | 0.32% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +1.0% | 6.35% | +0.57 |
| TSLA Tesla Inc. | Add +0.4% | 1.62% | +0.37 |
| AVGO Broadcom Inc. | Add +0.3% | 2.20% | +0.21 |
| APP AppLovin Corp. Class A | Add +31.6% | 0.32% | +0.19 |
| PLTR Palantir Technologies Inc. Class A | Add +6.4% | 0.61% | +0.14 |
| ORCL Oracle Corp. | Add +3.3% | 0.69% | +0.13 |
| JNJ Johnson & Johnson | Add +1.7% | 0.68% | +0.08 |
| HOOD Robinhood Markets Inc. Class A | Add +37.5% | 0.15% | +0.07 |
| INTC Intel Corp. | Add +1.9% | 0.24% | +0.07 |
| LRCX Lam Research Corp. | Add +1.7% | 0.29% | +0.07 |
| ANET Arista Networks Inc. | Add +3.9% | 0.23% | +0.06 |
| MU Micron Technology Inc. | Add +1.8% | 0.28% | +0.06 |
| GE General Electric | Add +5.3% | 0.47% | +0.05 |
| CVX Chevron Corp. | Add +16.9% | 0.38% | +0.05 |
| NEM Newmont Corp. | Add +3.4% | 0.18% | +0.05 |
| APH Amphenol Corp. Class A | Add +6.7% | 0.22% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +8.4% | 0.25% | +0.04 |
| CAT Caterpillar Inc. | Add +1.4% | 0.29% | +0.04 |
| GLW Corning Inc. | Add +4.1% | 0.10% | +0.03 |
| RBLX Roblox Corp. Class A | Add +13.8% | 0.10% | +0.03 |
| ALAB Astera Labs Inc. | Add +57.6% | 0.04% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +6.0% | 0.06% | +0.03 |
| RTX RTX Corp. | Add +2.9% | 0.30% | +0.02 |
| KLAC KLA Corp. | Add +0.2% | 0.23% | +0.02 |
| WELL Welltower Inc. | Add +4.3% | 0.22% | +0.02 |
| TJX TJX Companies Inc. | Add +1.4% | 0.26% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +19.0% | 0.08% | +0.02 |
| STX Seagate Technology Holdings | Add +3.6% | 0.06% | +0.02 |
| BE Bloom Energy Corp. Class A | Add +0.3% | 0.03% | +0.02 |
| TLN Talen Energy Corp. | Add +107.8% | 0.03% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +1.6% | 1.16% | +0.02 |
| BAC Bank of America Corp. | Add +3.9% | 0.49% | +0.02 |
| MPWR Monolithic Power Systems Inc. | Add +9.5% | 0.09% | +0.02 |
| ITOT iShares Core S&P Total U.S. | Add +12.7% | 0.18% | +0.02 |
| CRDO Credo Technology Group Holdi | Add +18.1% | 0.04% | +0.02 |
| FIX Comfort Systems USA Inc. | Add +2.5% | 0.06% | +0.02 |
| GEV GE Vernova Inc. | Add +1.8% | 0.22% | +0.02 |
| PDD PDD Holdings Inc. | Add +7.6% | 0.08% | +0.02 |
| DHI D.R. Horton Inc. | Add +1.1% | 0.09% | +0.02 |
| CPNG Coupang Inc. | Add +80.3% | 0.04% | +0.02 |
| ECHO Echostar Corp. Class A | Add +8.1% | 0.02% | +0.02 |
| DDOG Datadog Inc. Class A | Add +31.4% | 0.07% | +0.01 |
| HL Hecla Mining Co. | Add +83.9% | 0.02% | +0.01 |
| P Everpure Inc. Class A | Add +0.6% | 0.05% | +0.01 |
| GM General Motors Co. | Add +1.9% | 0.09% | +0.01 |
| AU Anglogold Ashanti PLC | Add +14.1% | 0.03% | +0.01 |
| B Barrick Mining Corp. | Add +15.1% | 0.03% | +0.01 |
| CDE Coeur Mining Inc. | Add +14.9% | 0.02% | +0.01 |
| NOC Northrop Grumman Corp. | Add +1.0% | 0.11% | +0.01 |
| GD General Dynamics Corp. | Add +5.1% | 0.10% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +24.9% | 38,627,000 | $25.7B |
| GLD SPDR Gold Shares | call | Add +26.2% | 7,742,100 | $2.8B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +285.2% | 2,036,900 | $1.4B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +820.0% | 8,050,000 | $653.6M |
| IVV iShares Core S&P 500 ETF | put | Reduce -14.9% | 946,900 | $633.8M |
| ALPHABET INC | call | Add +352.5% | 1,890,100 | $460.3M |
| EFA iShares MSCI Eafe ETF | call | Reduce -19.0% | 4,660,800 | $435.2M |
| AAPL Apple Inc. | call | Add +220.4% | 1,607,500 | $409.3M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -1.8% | 672,000 | $403.4M |
| FXI iShares China Large-Cap ETF | call | Reduce -2.0% | 9,078,100 | $373.5M |
| IWM iShares Russell 2000 ETF | call | Reduce -21.8% | 1,030,700 | $249.4M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 344,600 | $190.1Mbefore exit |
| NKE Nike Inc. Class B | put | Sold out | 2,584,000 | $183.6Mbefore exit |
| NVDA Nvidia Corp. | call | Reduce -31.9% | 888,500 | $165.8M |
| EEM iShares MSCI Emerging Market | put | New | 2,800,000 | $149.5M |
| KRE SS SPDR S&P Regional Bank | call | New | 2,007,500 | $127.1M |
| DAL Delta Air Lines Inc. | call | New | 2,194,500 | $124.5M |
| AVGO Broadcom Inc. | call | Add +161.5% | 363,500 | $119.9M |
| META Meta Platforms Inc. Class A | call | Reduce -26.1% | 155,200 | $114.0M |
| ORCL Oracle Corp. | put | Sold out | 510,500 | $111.6Mbefore exit |
| WMT Walmart Inc. | call | Sold out | 1,140,200 | $111.5Mbefore exit |
| EEM iShares MSCI Emerging Market | call | Add +85.3% | 2,055,700 | $109.8M |
| AMZN Amazon.com Inc. | call | Reduce -6.4% | 461,500 | $101.3M |
| C Citigroup Inc. | call | Reduce -40.9% | 996,300 | $101.1M |
| HLT Hilton Worldwide Holdings Inc. | call | Sold out | 378,200 | $100.7Mbefore exit |
| BKNG Booking Holdings Inc. | call | New | 17,500 | $94.5M |
| BAC Bank of America Corp. | call | Sold out | 1,841,100 | $87.1Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Reduce -81.9% | 350,000 | $84.7M |
| DHI D.R. Horton Inc. | call | New | 497,000 | $84.2M |
| INTU Intuit Inc. | call | Add +377.6% | 119,400 | $81.5M |
| UBER Uber Technologies Inc. | call | New | 824,300 | $80.8M |
| JPM JPMorgan Chase & Co. | call | Sold out | 267,600 | $77.6Mbefore exit |
| VLO Valero Energy Corp. | call | Add +592.6% | 441,200 | $75.1M |
| LLY Eli Lilly & Co. | call | Sold out | 95,400 | $74.4Mbefore exit |
| UAL United Airlines Holdings Inc. | call | New | 764,400 | $73.8M |
| MDB Mongodb Inc. | call | New | 224,700 | $69.7M |
| NFLX Netflix Inc. | call | Sold out | 50,700 | $67.9Mbefore exit |
| DLTR Dollar Tree Inc. | put | Sold out | 681,000 | $67.4Mbefore exit |
| ASML HLDG NV | call | New | 68,500 | $66.3M |
| MSFT Microsoft Corp. | call | Reduce -73.5% | 120,900 | $62.6M |
| TSLA Tesla Inc. | call | New | 131,400 | $58.4M |
| MCD McDonald's Corp. | call | New | 189,900 | $57.7M |
| WFC Wells Fargo & Co. | call | Reduce -76.2% | 685,000 | $57.4M |
| DIS The Walt Disney Co. | call | Reduce -25.8% | 495,300 | $56.7M |
| ORCL Oracle Corp. | call | Sold out | 230,600 | $50.4Mbefore exit |
| ALPHABET INC | put | New | 198,400 | $48.3M |
| BSX Boston Scientific Corp. | call | Sold out | 352,400 | $37.9Mbefore exit |
| MA Mastercard Inc. Class A | call | Sold out | 63,800 | $35.9Mbefore exit |
| TRANE TECHNOLOGIES PLC | call | Sold out | 81,800 | $35.8Mbefore exit |
| FCX Freeport-McMoran Inc. | call | Add +311.5% | 760,800 | $29.8M |
Showing the first 50 of 83.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -4.6% | 10,333,287 | $718.9M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.1% | 291,715 | $360.1M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 4,139,573 | $216.7M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +2.0% | 155,687 | $199.3M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +1.2% | 2,953,566 | $174.3M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +1.4% | 2,399,661 | $162.9M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +1.5% | 2,299,720 | $161.6M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +1.4% | 3,171,602 | $158.2M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +1.3% | 3,982,512 | $150.9M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +38.5% | 110,429,000 | $138.8M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 3,128,082 | $124.3Mbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +1.6% | 2,399,701 | $119.2M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -8.2% | 62,702,000 | $115.2M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +1.4% | 2,378,664 | $111.9M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +14.6% | 109,475,000 | $100.6M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +12.8% | 1,021,548 | $93.7M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 54,898,000 | $83.3M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +0.2% | 85,990,000 | $80.9M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +16.0% | 81,755,000 | $74.5M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Add +0.2% | 67,514,000 | $73.9M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Reduce -23.9% | 50,615,000 | $69.4M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | New | 43,762,000 | $68.5M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Add +0.3% | 60,985,000 | $65.5M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +1.1% | 20,050,000 | $64.3M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Add +0.0% | 634,350 | $64.1M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Reduce -37.2% | 49,515,000 | $60.7M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Add +113.3% | 49,597,000 | $59.4M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +6.5% | 20,425,000 | $58.8M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -11.7% | 54,475,000 | $56.4M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +229.3% | 54,928,000 | $56.0M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Reduce -19.8% | 52,121,000 | $53.3M |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | New | 190,303 | $51.7M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +11.9% | 57,590,000 | $51.7M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Add +2.2% | 919,849 | $50.6M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Add +25.4% | 35,230,000 | $48.8M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +16.7% | 40,925,000 | $46.8M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Add +1.4% | 643,909 | $45.8M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Add +14.1% | 44,355,000 | $43.7M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Add +25.5% | 50,165,000 | $42.8M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | New | 39,425,000 | $40.7M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +2.3% | 29,081,000 | $39.7M |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | New | 27,610,000 | $38.7M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -21.1% | 24,968,000 | $36.7M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -0.3% | 37,733,000 | $35.8M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -1.5% | 37,967,000 | $35.0M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Reduce -12.2% | 25,225,000 | $34.9M |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | Add +59.2% | 19,990,000 | $30.6M |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | New | 29,155,000 | $29.3M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Reduce -65.7% | 25,317,000 | $28.9M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Add +3.2% | 25,713,000 | $28.6M |
Showing the first 50 of 228.
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 |