BlackRock, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), BlackRock, Inc. reported 5,234 stock positions worth $5.88 trillion. Its top holding was Nvidia (NVDA) at 6.2% of the portfolio, followed by Apple (AAPL, 5.3%) and Microsoft (MSFT, 5.0%). Compared with Q3 2025, it opened 207 new positions, sold out of 132, added to 3,144 and reduced 1,467. The biggest buy was Alphabet Class A (GOOGL, shares +3%) and the biggest sale ServiceNow (NOW, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0002012383
- Portfolio Value
- $5.88T (Q4 2025)
- SEC Filing
- 0002012383-26-000920 ↗ filed Feb 12, 2026
Holdings Value
Holdings 5,234 stocks · $5.88T
| NVDA Nvidia Corp. | 6.17% | 1,943,812,884 | $362.5B | Add +0.8% |
| AAPL Apple Inc. | 5.34% | 1,154,665,731 | $313.9B | Add +0.7% |
| MSFT Microsoft Corp. | 4.95% | 601,897,495 | $291.1B | Add +1.7% |
| AMZN Amazon.com Inc. | 2.88% | 734,375,864 | $169.5B | Add +1.7% |
| GOOGL Alphabet Inc. Class A | 2.35% | 441,987,843 | $138.3B | Add +3.2% |
| AVGO Broadcom Inc. | 2.24% | 379,894,948 | $131.5B | Add +0.5% |
| GOOG Alphabet Inc. Class C | 1.93% | 361,248,457 | $113.4B | Add +0.8% |
| META Meta Platforms Inc. Class A | 1.93% | 171,505,090 | $113.2B | Add +2.4% |
| TSLA Tesla Inc. | 1.60% | 209,563,808 | $94.2B | Add +1.4% |
| LLY Eli Lilly & Co. | 1.22% | 66,792,863 | $71.8B | Add +1.5% |
| JPM JPMorgan Chase & Co. | 1.16% | 211,596,732 | $68.2B | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.04% | 121,193,733 | $60.9B | Add +5.7% |
| IVV iShares Core S&P 500 ETF | 0.94% | 80,604,299 | $55.2B | Add +13.1% |
| V Visa Inc. Class A | 0.84% | 140,150,489 | $49.2B | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.73% | 208,781,159 | $43.2B | Add +0.7% |
| MA Mastercard Inc. Class A | 0.66% | 68,304,200 | $39.0B | Reduce -2.6% |
| WMT Walmart Inc. | 0.66% | 349,563,222 | $38.9B | Add +1.1% |
| XOM Exxon Mobil Corp. | 0.64% | 311,222,419 | $37.5B | Add +0.5% |
| ABBV Abbvie Inc. | 0.59% | 151,174,543 | $34.5B | Add +3.6% |
| PLTR Palantir Technologies Inc. Class A | 0.58% | 193,327,487 | $34.4B | Add +2.6% |
| NFLX Netflix Inc. | 0.56% | 348,145,717 | $32.6B | Add +0.2% |
| AMD Advanced Micro Devices | 0.54% | 147,528,808 | $31.6B | Add +8.2% |
| COST Costco Wholesale Corp. | 0.51% | 35,099,521 | $30.3B | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.51% | 542,476,024 | $29.8B | Add +1.3% |
| CSCO Cisco Systems Inc. | 0.50% | 378,336,071 | $29.1B | Add +0.6% |
| ORCL Oracle Corp. | 0.49% | 147,858,649 | $28.8B | Add +5.8% |
| MU Micron Technology Inc. | 0.49% | 100,701,543 | $28.7B | Add +7.3% |
| GE General Electric filed as GE AEROSPACE | 0.47% | 90,162,615 | $27.8B | Add +2.5% |
| HD Home Depot Inc. | 0.45% | 76,862,995 | $26.4B | Add +2.0% |
| PG The Procter & Gamble Co. | 0.45% | 184,006,680 | $26.4B | Add +3.0% |
| UNH Unitedhealth Group Inc. | 0.42% | 74,743,552 | $24.7B | Add +0.6% |
| IXUS iShares Core Intl Stock ETF | 0.42% | 290,381,429 | $24.6B | Reduce -1.3% |
| WFC Wells Fargo & Co. | 0.42% | 262,383,174 | $24.5B | Add +2.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 77,873,572 | $23.1B | Add +1.3% |
| MRK Merck & Co. Inc. | 0.39% | 219,095,465 | $23.1B | Add +2.0% |
| LRCX Lam Research Corp. | 0.39% | 134,259,711 | $23.0B | Add +8.1% |
| KO The Coca-Cola Co. | 0.38% | 318,678,464 | $22.3B | Add +0.7% |
| CVX Chevron Corp. | 0.37% | 141,290,397 | $21.5B | Add +1.6% |
| CRM Salesforce Inc. | 0.36% | 80,685,764 | $21.4B | Reduce -0.6% |
| CAT Caterpillar Inc. | 0.35% | 36,208,775 | $20.7B | Add +5.6% |
| GS Goldman Sachs Group Inc. | 0.35% | 23,251,559 | $20.4B | Add +0.7% |
| AMAT Applied Materials Inc. | 0.33% | 75,259,089 | $19.3B | Add +1.2% |
| RTX RTX Corp. | 0.33% | 104,920,146 | $19.2B | Add +3.7% |
| C Citigroup Inc. | 0.32% | 161,638,542 | $18.9B | Reduce -0.1% |
| ABT Abbott Laboratories | 0.31% | 146,908,768 | $18.4B | Add +3.8% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 30,677,885 | $17.8B | Add +3.5% |
| PM Philip Morris International | 0.30% | 109,251,178 | $17.5B | Add +3.8% |
| INTU Intuit Inc. | 0.30% | 26,430,847 | $17.5B | Reduce -3.9% |
| ISRG Intuitive Surgical Inc. | 0.29% | 30,516,153 | $17.3B | Reduce -3.3% |
| QCOM Qualcomm Inc. | 0.29% | 100,139,957 | $17.1B | Add +1.6% |
| MS Morgan Stanley | 0.29% | 95,248,897 | $16.9B | Add +1.7% |
| PEP Pepsico Inc. | 0.28% | 115,568,103 | $16.6B | Reduce -0.7% |
| MCD McDonald's Corp. | 0.28% | 53,511,996 | $16.4B | Add +2.8% |
| APP AppLovin Corp. Class A | 0.28% | 24,171,697 | $16.3B | Reduce -3.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 105,776,556 | $16.2B | Add +4.3% |
| INTC Intel Corp. | 0.27% | 432,155,824 | $15.9B | Add +8.6% |
| LIN Linde PLC | 0.27% | 37,145,507 | $15.8B | Add +0.9% |
| AXP American Express Co. | 0.27% | 42,342,836 | $15.7B | Reduce -1.6% |
| AMGN Amgen Inc. | 0.26% | 47,396,138 | $15.5B | Add +3.0% |
| GILD Gilead Sciences Inc. | 0.26% | 123,195,578 | $15.1B | Add +6.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 132,439,867 | $15.1B | Add +4.4% |
| KLAC KLA Corp. | 0.26% | 12,387,325 | $15.1B | Add +4.7% |
| ACN Accenture PLC Class A | 0.26% | 56,070,927 | $15.0B | Add +1.9% |
| VZ Verizon Communications Inc. | 0.26% | 369,056,692 | $15.0B | Add +2.3% |
| BKNG Booking Holdings Inc. | 0.25% | 2,756,175 | $14.8B | Reduce -1.6% |
| NOW ServiceNow Inc. | 0.25% | 95,325,092 | $14.6B | Reduce -0.6% |
| APH Amphenol Corp. Class A | 0.24% | 106,137,606 | $14.3B | Add +5.3% |
| NEE Nextera Energy Inc. | 0.24% | 176,800,374 | $14.2B | Add +3.2% |
| T AT&T Inc. | 0.24% | 569,870,247 | $14.2B | Reduce -0.9% |
| ADBE Adobe Inc. | 0.24% | 40,430,222 | $14.2B | Reduce -0.2% |
| TXN Texas Instruments Inc. | 0.23% | 79,040,582 | $13.7B | Add +2.8% |
| GEV GE Vernova Inc. | 0.23% | 20,884,484 | $13.6B | Add +4.0% |
| WELL Welltower Inc. | 0.23% | 72,780,654 | $13.5B | Add +4.8% |
| SPGI S&P Global Inc. | 0.23% | 25,812,891 | $13.5B | Add +2.0% |
| SCHW Schwab (charles) Corp. | 0.23% | 134,167,833 | $13.4B | Add +1.4% |
| NEM Newmont Corp. | 0.22% | 129,969,380 | $13.0B | Add +6.3% |
| BSX Boston Scientific Corp. | 0.22% | 135,987,245 | $13.0B | Reduce -6.3% |
| PLD Prologis Inc. | 0.22% | 99,448,504 | $12.7B | Add +3.2% |
| UBER Uber Technologies Inc. | 0.22% | 154,770,602 | $12.6B | Add +2.5% |
| ANET Arista Networks Inc. | 0.21% | 95,448,955 | $12.5B | Add +6.9% |
| COF Capital One Financial Corp. | 0.21% | 51,005,251 | $12.4B | Add +2.1% |
| PFE Pfizer Inc. | 0.21% | 493,062,528 | $12.3B | Reduce -0.9% |
| DHR Danaher Corp. | 0.20% | 52,037,352 | $11.9B | Reduce -0.5% |
| PGR Progressive Corp. | 0.20% | 52,094,073 | $11.9B | Add +7.0% |
| ADI Analog Devices Inc. | 0.20% | 43,255,569 | $11.7B | Add +0.8% |
| BA The Boeing Co. | 0.20% | 53,968,134 | $11.7B | Add +5.2% |
| MDT Medtronic PLC | 0.20% | 120,537,878 | $11.6B | Add +0.8% |
| UNP Union Pacific Corp. | 0.19% | 49,196,593 | $11.4B | Add +1.2% |
| PANW Palo Alto Networks Inc. | 0.19% | 59,562,981 | $11.0B | Add +7.4% |
| BLK BlackRock Inc. | 0.18% | 10,093,082 | $10.8B | Add +0.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.18% | 23,751,989 | $10.8B | Add +6.7% |
| ITOT iShares Core S&P Total U.S. | 0.18% | 70,712,218 | $10.5B | Add +1.5% |
| HON Honeywell International Inc. | 0.17% | 52,606,486 | $10.3B | Add +7.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.17% | 21,155,094 | $9.9B | Add +2.3% |
| HWM Howmet Aerospace Inc. | 0.16% | 47,241,701 | $9.7B | Reduce -1.9% |
| SYK Stryker Corp. | 0.16% | 27,449,327 | $9.6B | Add +2.7% |
| CVS CVS Health Corp. | 0.16% | 120,994,474 | $9.6B | Add +1.0% |
| LOW Lowe's Cos Inc. | 0.16% | 39,647,486 | $9.6B | Add +1.2% |
| BMY Bristol-Myers Squibb Co. | 0.16% | 176,825,406 | $9.5B | Add +0.8% |
| CMCSA Comcast Corp. Class A | 0.16% | 315,783,631 | $9.4B | Reduce -1.8% |
Options reported separately and not counted above: SPY calls ($20.4B), GLD calls ($2.7B), QQQ calls ($1.2B), IVV puts ($926.0M), ALPHABET INC calls ($485.1M), AAPL calls ($479.2M), IWM calls ($446.1M), EFA calls ($301.2M), NVDA calls ($275.3M), AMZN calls ($266.2M), TSLA calls ($222.0M), DAL calls ($171.0M), and 36 more.
Other holdings (250): bonds, preferreds, convertibles and warrants · $6.7B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 9,643,176 | $666.0M | Reduce -6.7% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 293,216 | $355.4M | Add +0.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 3,818,220 | $226.8M | Reduce -4.1% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 3,954,633 | $205.0M | Reduce -4.5% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 161,843 | $202.6M | Add +4.0% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 2,846,988 | $165.9M | Reduce -3.6% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 2,196,995 | $165.9M | Reduce -4.5% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 3,029,167 | $156.8M | Reduce -4.5% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 2,292,526 | $152.9M | Reduce -4.5% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 118,035,000 | $132.2M | Add +7.8% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 105,404,000 | $128.3M | Reduce -4.5% |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | 115,363,000 | $124.7M | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 78,877,000 | $122.5M | Add +25.8% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 2,292,526 | $115.5M | Reduce -4.5% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 2,271,843 | $110.8M | Reduce -4.5% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 20,425,000 | $93.6M | Add +1.9% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 91,095,000 | $83.8M | Add +11.4% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 1,062,748 | $83.7M | Add +4.0% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 210,912 | $77.2M | Add +10.8% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 605,798 | $76.5M | Reduce -4.5% |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 39,580,000 | $72.4M | Add +594.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 53,116,000 | $70.7M | Add +446.7% |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 35,000,000 | $69.8M | Reduce -36.4% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 47,415,000 | $66.1M | Reduce -6.3% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 59,900,000 | $62.0M | Add +768.1% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 61,390,000 | $56.1M | Add +6.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 56,125,000 | $55.5M | Add +365.8% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 937,180 | $51.5M | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 52,351,000 | $51.5M | Add +0.4% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 32,292,000 | $49.9M | Reduce -26.2% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 878,866 | $48.5M | Reduce -4.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 47,626,000 | $47.7M | Add +406.6% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 40,795,000 | $47.6M | Reduce -17.6% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 46,405,000 | $45.7M | Add +4.6% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 40,717,000 | $44.7M | Add +60.8% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 12,675,000 | $42.6M | Reduce -37.9% |
| BROOKDALE SR LIVING INC | NOTE 3.500%10/1 · principal | 30,476,000 | $42.3M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 43,245,000 | $40.9M | Add +13.9% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 49,614,000 | $40.4M | Reduce -1.1% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 27,138,000 | $40.3M | Reduce -50.6% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 7,570,000 | $40.2M | Add +29.5% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 41,963,000 | $40.2M | Add +11.2% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 30,418,000 | $39.5M | Add +21.8% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 30,885,000 | $38.8M | Reduce -43.3% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 31,952,000 | $36.1M | Reduce -35.6% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 33,705,000 | $36.0M | Reduce -44.7% |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 32,306,000 | $35.5M | New |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 35,990,000 | $33.4M | Add +226.6% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 10,950,000 | $31.1M | Add +31.9% |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 37,725,000 | $30.9M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 28,915,000 | $30.0M | Add +38.4% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 28,919,000 | $29.7M | Add +26.7% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 17,365,000 | $27.6M | Reduce -31.2% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 25,013,000 | $26.7M | Reduce -2.7% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 20,403,000 | $26.0M | Reduce -69.8% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 25,850,000 | $25.8M | Add +33.3% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 25,115,000 | $24.9M | Add +32.1% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 984,337 | $24.5M | Reduce -4.5% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 25,665,000 | $24.1M | Add +7.0% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 5,775,000 | $23.8M | Add +29.1% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 14,440,000 | $23.7M | Reduce -59.0% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 22,095,000 | $23.2M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 18,850,000 | $23.2M | Add +30.4% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 25,163,000 | $22.6M | Add +29.9% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 21,231,000 | $21.9M | Add +35.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 5,871,000 | $21.8M | Add +34.3% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 19,656,000 | $21.5M | Add +230.6% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 18,873,000 | $21.4M | Reduce -35.1% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 14,405,000 | $21.4M | Add +5.9% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 23,568,000 | $20.9M | Reduce -57.1% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 20,630,000 | $20.3M | Add +1.4% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 6,000,000 | $20.0M | Reduce -40.0% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 13,050,000 | $19.2M | Add +30.5% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 18,875,000 | $19.0M | Add +16.9% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 16,200,000 | $19.0M | Reduce -7.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 12,615,000 | $18.3M | Add +10.8% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 19,083,000 | $17.9M | Add +5.5% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 7,425,000 | $17.0M | Add +38.8% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 16,225,000 | $16.6M | Add +28.3% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 333,996 | $16.4M | Reduce -5.2% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 15,950,000 | $15.9M | Add +25.1% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 17,250,000 | $15.8M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 12,529,000 | $15.5M | Add +30.1% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 17,123,000 | $15.5M | Reduce -31.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 15,730,000 | $15.4M | Add +30.8% |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 5,675,000 | $15.3M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 12,622,000 | $14.6M | Add +34.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 10,225,000 | $14.4M | Add +19.9% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 15,275,000 | $14.4M | Add +5.5% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 12,620,000 | $14.1M | Add +55.4% |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 11,060,000 | $13.9M | Reduce -59.9% |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 14,155,000 | $13.8M | Reduce -51.5% |
| CENTRUS ENERGY CORP (LEU 2.25 11/01/30) | NOTE 2.250%11/0 · principal | 5,075,000 | $13.6M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 13,950,000 | $13.5M | Reduce -83.8% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 12,300,000 | $13.5M | Add +29.5% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 14,103,000 | $13.4M | Add +6.0% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 6,970,000 | $13.1M | Add +32.3% |
| AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) | NOTE 4.250% 2/1 · principal | 12,686,000 | $12.9M | Add +0.1% |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 11,645,000 | $12.9M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 10,100,000 | $12.7M | Add +40.3% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 8,800,000 | $12.5M | Add +29.4% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 10,351,000 | $12.3M | Add +53.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 14,064,000 | $12.2M | Add +16.6% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 12,200,000 | $12.1M | Add +28.4% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 4,760,000 | $12.1M | Reduce -3.0% |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 12,100,000 | $12.1M | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 12,615,000 | $12.0M | Add +31.2% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 12,525,000 | $11.2M | Add +30.1% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 9,910,000 | $11.0M | Add +28.5% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 7,942,000 | $10.9M | Add +25.7% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 11,245,000 | $10.8M | Add +11.9% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 10,350,000 | $10.6M | Add +34.9% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 9,450,000 | $10.6M | Add +32.2% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 9,825,000 | $10.5M | Add +26.8% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 10,850,000 | $10.5M | New |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 4,025,000 | $10.4M | Add +33.1% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 10,225,000 | $10.3M | Reduce -24.7% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 7,275,000 | $10.3M | Add +31.7% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 6,175,000 | $10.3M | Reduce -7.5% |
| ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) | NOTE 4.250%11/1 · principal | 6,680,000 | $10.1M | New |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 8,340,000 | $10.0M | Reduce -49.2% |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 12,600,000 | $9.9M | New |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 10,000,000 | $9.6M | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 10,048,000 | $9.6M | Add +28.0% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 408,380 | $9.1M | Reduce -4.5% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 225,996 | $9.1M | Reduce -2.5% |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 10,825,000 | $9.0M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 9,190,000 | $8.9M | Reduce -65.1% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 8,865,000 | $8.8M | Add +35.0% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 460,509 | $8.8M | Reduce -4.7% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 3,200,000 | $8.8M | Add +23.1% |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 6,500,000 | $8.7M | Add +20.4% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 9,647,000 | $8.7M | Add +35.0% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 8,143,000 | $8.6M | Add +22.6% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 8,286,000 | $8.4M | Add +76.8% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 9,489,000 | $8.3M | Add +25.0% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 7,170,000 | $8.2M | Add +26.5% |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 5,767,000 | $8.2M | Add +21.0% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 7,100,000 | $8.1M | Add +29.1% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 9,000,000 | $8.1M | Add +21.6% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 5,400,000 | $8.1M | Add +22.7% |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 7,100,000 | $8.0M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 7,968,000 | $7.9M | Add +33.5% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 7,625,000 | $7.8M | Add +35.6% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 260,993 | $7.8M | Reduce -4.5% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 7,189,000 | $7.8M | Add +31.0% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 6,125,000 | $7.7M | Add +30.3% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 6,079,000 | $7.7M | Add +19.7% |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 7,475,000 | $7.7M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 7,822,000 | $7.7M | Add +7.6% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 7,771,000 | $7.7M | Add +30.1% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 5,725,000 | $7.7M | Add +21.2% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 5,750,000 | $7.6M | Reduce -17.3% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 7,435,000 | $7.6M | Add +34.3% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 8,248,000 | $7.6M | Add +34.2% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 7,925,000 | $7.6M | Add +27.3% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 7,225,000 | $7.5M | Add +24.0% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 6,900,000 | $7.4M | Add +25.4% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 4,650,000 | $7.4M | Reduce -76.7% |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 4,400,000 | $7.3M | Add +29.4% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 7,005,000 | $7.3M | Add +52.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 6,350,000 | $7.1M | Add +33.7% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 7,040,000 | $7.1M | Add +16.6% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 7,530,000 | $7.1M | Add +31.4% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 7,225,000 | $7.1M | Add +24.0% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 7,148,000 | $7.1M | Add +36.2% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 148,006 | $7.0M | Reduce -4.3% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 5,083,000 | $6.9M | Add +24.5% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 7,200,000 | $6.8M | Add +26.3% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 7,250,000 | $6.8M | Add +33.6% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 7,000,000 | $6.8M | Add +33.3% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 6,694,000 | $6.7M | Add +17.6% |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | 5,325,000 | $6.7M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 3,975,000 | $6.7M | Add +21.4% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 7,204,000 | $6.7M | Add +26.3% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 6,140,000 | $6.6M | Add +33.0% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 7,300,000 | $6.4M | Reduce -14.6% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 336,035 | $6.4M | Reduce -5.2% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 5,200,000 | $6.1M | Reduce -72.2% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 5,050,000 | $5.9M | Add +27.0% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 6,200,000 | $5.9M | Add +32.6% |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 5,475,000 | $5.8M | New |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 5,750,000 | $5.7M | Add +21.1% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 5,825,000 | $5.6M | Reduce -85.2% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 5,975,000 | $5.6M | Add +20.1% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 5,719,000 | $5.6M | Add +24.5% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 3,625,000 | $5.5M | Add +28.3% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 3,700,000 | $5.5M | Add +31.0% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 3,175,000 | $5.4M | Add +24.5% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 3,600,000 | $5.3M | Add +28.6% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 5,246,000 | $5.3M | Add +18.0% |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | 6,011,000 | $5.2M | New |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 3,675,000 | $5.2M | Add +15.8% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 5,000,000 | $5.1M | Add +21.9% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 4,748,000 | $5.1M | Add +26.7% |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 4,200,000 | $5.0M | Add +40.0% |
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | NOTE 2.250% 7/0 · principal | 4,250,000 | $4.9M | Add +26.9% |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 4,600,000 | $4.9M | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 5,025,000 | $4.5M | Add +24.8% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 4,525,000 | $4.5M | Add +28.4% |
Largest 200 of 250 shown.
Total filed on the 13F, all lines: $5.89T.
Portfolio Sells Q3 2025 → Q4 2025
| NOW ServiceNow Inc. | Reduce -0.6% | 0.25% | −0.06 |
| T AT&T Inc. | Reduce -0.9% | 0.24% | −0.05 |
| MSTR Strategy Inc. | Reduce -0.3% | 0.04% | −0.05 |
| K Kellanova | Sold out | 0.00% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -2.6% | 0.66% | −0.04 |
| CDNS Cadence Design SYS Inc. | Reduce -9.3% | 0.14% | −0.04 |
| APP AppLovin Corp. Class A | Reduce -3.0% | 0.28% | −0.04 |
| SPOT Spotify Technology SA | Reduce -3.9% | 0.11% | −0.03 |
| INTU Intuit Inc. | Reduce -3.9% | 0.30% | −0.03 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.03 |
| TMUS T-Mobile US Inc. | Reduce -0.1% | 0.13% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -6.3% | 0.22% | −0.03 |
| AMT American Tower Corp. | Reduce -3.0% | 0.13% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -2.8% | 0.02% | −0.02 |
| SE Sea Ltd.-ADR | Reduce -1.3% | 0.04% | −0.02 |
| TT Trane Technologies PLC | Reduce -0.9% | 0.15% | −0.02 |
| DHI D.R. Horton Inc. | Reduce -4.3% | 0.07% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -1.8% | 0.16% | −0.02 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.02 |
| GRMN Garmin Ltd. | Reduce -2.2% | 0.06% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -1.6% | 0.25% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -2.1% | 0.07% | −0.02 |
| LEN Lennar Corp. Class A | Reduce -14.6% | 0.03% | −0.02 |
| CSGP Costar Group Inc. | Reduce -6.0% | 0.04% | −0.01 |
| NTNX Nutanix Inc. Class A | Reduce -5.0% | 0.03% | −0.01 |
| PFE Pfizer Inc. | Reduce -0.9% | 0.21% | −0.01 |
| HPQ HP Inc. | Reduce -4.4% | 0.04% | −0.01 |
| V Visa Inc. Class A | Reduce -0.7% | 0.84% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -19.5% | 0.03% | −0.01 |
| GWRE Guidewire Software Inc. | Reduce -17.1% | 0.03% | −0.01 |
| USHY iShares Broad Usd High Yield | Reduce -47.1% | 0.01% | −0.01 |
| MELI MercadoLibre Inc. | Reduce -4.3% | 0.05% | −0.01 |
| DUOL Duolingo | Reduce -6.8% | 0.01% | −0.01 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −0.01 |
| FLUT Flutter Entertainment PLC-Di | Reduce -8.9% | 0.03% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -5.4% | 0.10% | −0.01 |
| ADBE Adobe Inc. | Reduce -0.2% | 0.24% | −0.01 |
| TSCO Tractor Supply Company | Reduce -8.5% | 0.04% | −0.01 |
| WMB Williams Cos Inc. | Reduce -0.8% | 0.11% | −0.01 |
| SNPS Synopsys Inc. | Reduce -0.1% | 0.12% | −0.01 |
| CPNG Coupang Inc. | Reduce -0.6% | 0.03% | −0.01 |
| PHM Pultegroup Inc. | Reduce -9.0% | 0.04% | −0.01 |
| IEV iShares Europe ETF | Reduce -100.0% | 0.00% | −0.01 |
| IXUS iShares Core Intl Stock ETF | Reduce -1.3% | 0.42% | −0.01 |
| VRSK Verisk Analytics Inc. | Reduce -4.2% | 0.05% | −0.01 |
| SRE Sempra | Reduce -5.5% | 0.09% | −0.01 |
| LRN Stride Inc. | Reduce -1.1% | 0.01% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -31.6% | 0.02% | −0.01 |
| RSG Republic Services Inc. | Reduce -3.2% | 0.06% | −0.01 |
| LYV Live Nation Entertainment Inc. | Reduce -8.9% | 0.03% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +3.2% | 2.35% | +0.52 |
| GOOG Alphabet Inc. Class C | Add +0.8% | 1.93% | +0.39 |
| LLY Eli Lilly & Co. | Add +1.5% | 1.22% | +0.34 |
| MU Micron Technology Inc. | Add +7.3% | 0.49% | +0.21 |
| AAPL Apple Inc. | Add +0.7% | 5.34% | +0.19 |
| AMD Advanced Micro Devices | Add +8.2% | 0.54% | +0.15 |
| LRCX Lam Research Corp. | Add +8.1% | 0.39% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +13.1% | 0.94% | +0.10 |
| AMZN Amazon.com Inc. | Add +1.7% | 2.88% | +0.09 |
| MRK Merck & Co. Inc. | Add +2.0% | 0.39% | +0.07 |
| CAT Caterpillar Inc. | Add +5.6% | 0.35% | +0.06 |
| AMAT Applied Materials Inc. | Add +1.2% | 0.33% | +0.06 |
| JNJ Johnson & Johnson | Add +0.7% | 0.73% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +3.5% | 0.30% | +0.05 |
| CSCO Cisco Systems Inc. | Add +0.6% | 0.50% | +0.04 |
| NEM Newmont Corp. | Add +6.3% | 0.22% | +0.04 |
| WFC Wells Fargo & Co. | Add +2.9% | 0.42% | +0.04 |
| AVGO Broadcom Inc. | Add +0.5% | 2.24% | +0.04 |
| INTC Intel Corp. | Add +8.6% | 0.27% | +0.04 |
| AMGN Amgen Inc. | Add +3.0% | 0.26% | +0.03 |
| WMT Walmart Inc. | Add +1.1% | 0.66% | +0.03 |
| WBD Warner Bros Discovery Inc. | Add +5.0% | 0.10% | +0.03 |
| KLAC KLA Corp. | Add +4.7% | 0.26% | +0.03 |
| WDC Western Digital Corp. | Add +2.3% | 0.10% | +0.03 |
| GILD Gilead Sciences Inc. | Add +6.0% | 0.26% | +0.03 |
| LITE Lumentum Holdings Inc. | Add +4.8% | 0.05% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Add +6.7% | 0.18% | +0.03 |
| RTX RTX Corp. | Add +3.7% | 0.33% | +0.03 |
| CIEN Ciena Corp. | Add +6.9% | 0.07% | +0.03 |
| CRH CRH PLC | Add +30.6% | 0.11% | +0.03 |
| MS Morgan Stanley | Add +1.7% | 0.29% | +0.03 |
| APH Amphenol Corp. Class A | Add +5.3% | 0.24% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +0.7% | 0.35% | +0.02 |
| COF Capital One Financial Corp. | Add +2.1% | 0.21% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +0.8% | 0.16% | +0.02 |
| PLD Prologis Inc. | Add +3.2% | 0.22% | +0.02 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.64% | +0.02 |
| BAC Bank of America Corp. | Add +1.3% | 0.51% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +1.8% | 0.09% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.7% | 1.04% | +0.02 |
| CVNA Carvana Co. | Add +19.4% | 0.08% | +0.02 |
| COHR Coherent Corp. | Add +1.6% | 0.05% | +0.02 |
| TJX TJX Companies Inc. | Add +4.3% | 0.28% | +0.02 |
| RKT Rocket Cos Inc. Class A | Add +574.3% | 0.02% | +0.02 |
| ACN Accenture PLC Class A | Add +1.9% | 0.26% | +0.02 |
| CMI Cummins Inc. | Add +1.6% | 0.10% | +0.02 |
| EXAS Exact Sciences Corp. | Add +43.3% | 0.03% | +0.02 |
| STX Seagate Technology Holdings | Add +11.9% | 0.08% | +0.02 |
| TER Teradyne Inc. | Add +5.3% | 0.05% | +0.02 |
| GEV GE Vernova Inc. | Add +4.0% | 0.23% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -22.4% | 29,966,600 | $20.4B |
| GLD SPDR Gold Shares | call | Reduce -13.3% | 6,715,600 | $2.7B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +186.9% | 1,928,300 | $1.2B |
| IVV iShares Core S&P 500 ETF | put | Add +42.8% | 1,351,900 | $926.0M |
| ALPHABET INC | call | Reduce -18.2% | 1,546,000 | $485.1M |
| AAPL Apple Inc. | call | Add +9.6% | 1,762,500 | $479.2M |
| IWM iShares Russell 2000 ETF | call | Add +75.8% | 1,812,200 | $446.1M |
| FXI iShares China Large-Cap ETF | call | Sold out | 9,078,100 | $373.5Mbefore exit |
| EFA iShares MSCI Eafe ETF | call | Reduce -32.7% | 3,136,800 | $301.2M |
| NVDA Nvidia Corp. | call | Add +66.1% | 1,476,000 | $275.3M |
| AMZN Amazon.com Inc. | call | Add +149.9% | 1,153,100 | $266.2M |
| TSLA Tesla Inc. | call | Add +275.7% | 493,700 | $222.0M |
| DAL Delta Air Lines Inc. | call | Add +12.3% | 2,463,400 | $171.0M |
| C Citigroup Inc. | call | Add +35.2% | 1,347,300 | $157.2M |
| EEM iShares MSCI Emerging Market | put | Sold out | 2,800,000 | $149.5Mbefore exit |
| XLU St Sr Utl SL SE SPDR ETF-Usd | put | New | 3,475,400 | $148.4M |
| MSFT Microsoft Corp. | call | Add +139.9% | 290,000 | $140.2M |
| META Meta Platforms Inc. Class A | call | Add +18.9% | 184,500 | $121.8M |
| VRT Vertiv Holdings Co. Class A | call | New | 712,400 | $115.4M |
| JPM JPMorgan Chase & Co. | call | New | 351,000 | $113.1M |
| AVGO Broadcom Inc. | call | Reduce -13.1% | 316,000 | $109.4M |
| BKNG Booking Holdings Inc. | call | Sold out | 17,500 | $94.5Mbefore exit |
| GS Goldman Sachs Group Inc. | call | New | 101,300 | $89.0M |
| FITB Fifth Third Bancorp | call | New | 1,828,600 | $85.6M |
| DHI D.R. Horton Inc. | call | Sold out | 497,000 | $84.2Mbefore exit |
| INTU Intuit Inc. | call | Sold out | 119,400 | $81.5Mbefore exit |
| UBER Uber Technologies Inc. | call | Sold out | 824,300 | $80.8Mbefore exit |
| BAC Bank of America Corp. | call | New | 1,405,000 | $77.3M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -88.2% | 950,000 | $76.6M |
| ROK Rockwell Automation Inc. | call | New | 179,700 | $69.9M |
| MDB Mongodb Inc. | call | Sold out | 224,700 | $69.7Mbefore exit |
| ACWI iShares MSCI Acwi ETF | call | Reduce -77.2% | 471,000 | $66.6M |
| ASML HLDG NV | call | Sold out | 68,500 | $66.3Mbefore exit |
| WMT Walmart Inc. | call | New | 561,000 | $62.5M |
| KRE SS SPDR S&P Regional Bank | call | Reduce -53.4% | 936,500 | $60.7M |
| MCD McDonald's Corp. | call | Sold out | 189,900 | $57.7Mbefore exit |
| CARR Carrier Global Corp. | call | New | 1,091,300 | $57.7M |
| WFC Wells Fargo & Co. | call | Sold out | 685,000 | $57.4Mbefore exit |
| VST Vistra Corp. | call | New | 353,100 | $57.0M |
| ORCL Oracle Corp. | put | New | 275,000 | $53.6M |
| VLO Valero Energy Corp. | call | Reduce -28.4% | 316,000 | $51.4M |
| ALPHABET INC | put | Sold out | 198,400 | $48.3Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Reduce -50.0% | 175,000 | $43.1M |
| GDXJ Vaneck Junior Gold Miners | call | Sold out | 345,000 | $34.2Mbefore exit |
| NFLX Netflix Inc. | call | New | 325,700 | $30.5M |
| PANW Palo Alto Networks Inc. | call | New | 158,600 | $29.2M |
| UAL United Airlines Holdings Inc. | call | Reduce -67.8% | 246,000 | $27.5M |
| DIS The Walt Disney Co. | call | Reduce -54.8% | 224,100 | $25.5M |
| FCX Freeport-McMoran Inc. | call | Reduce -34.3% | 500,000 | $25.4M |
| IVV iShares Core S&P 500 ETF | call | Add +55.9% | 32,900 | $22.5M |
Showing the first 50 of 67.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -6.7% | 9,643,176 | $666.0M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.5% | 293,216 | $355.4M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -4.1% | 3,818,220 | $226.8M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -4.5% | 3,954,633 | $205.0M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +4.0% | 161,843 | $202.6M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Reduce -3.6% | 2,846,988 | $165.9M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -4.5% | 2,196,995 | $165.9M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -4.5% | 3,029,167 | $156.8M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -4.5% | 2,292,526 | $152.9M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +7.8% | 118,035,000 | $132.2M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -4.5% | 105,404,000 | $128.3M |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | New | 115,363,000 | $124.7M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +25.8% | 78,877,000 | $122.5M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -4.5% | 2,292,526 | $115.5M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Reduce -4.5% | 2,271,843 | $110.8M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +1.9% | 20,425,000 | $93.6M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +11.4% | 91,095,000 | $83.8M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +4.0% | 1,062,748 | $83.7M |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | Add +10.8% | 210,912 | $77.2M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Reduce -4.5% | 605,798 | $76.5M |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | Add +594.4% | 39,580,000 | $72.4M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Add +446.7% | 53,116,000 | $70.7M |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | Reduce -36.4% | 35,000,000 | $69.8M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Reduce -6.3% | 47,415,000 | $66.1M |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | Add +768.1% | 59,900,000 | $62.0M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +6.6% | 61,390,000 | $56.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +365.8% | 56,125,000 | $55.5M |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | New | 937,180 | $51.5M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Add +0.4% | 52,351,000 | $51.5M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | Reduce -26.2% | 32,292,000 | $49.9M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Reduce -4.5% | 878,866 | $48.5M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +406.6% | 47,626,000 | $47.7M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Reduce -17.6% | 40,795,000 | $47.6M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Sold out | 40,925,000 | $46.8Mbefore exit |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 643,909 | $45.8Mbefore exit |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Add +4.6% | 46,405,000 | $45.7M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +60.8% | 40,717,000 | $44.7M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -37.9% | 12,675,000 | $42.6M |
| BROOKDALE SR LIVING INC | NOTE 3.500%10/1 · principal | New | 30,476,000 | $42.3M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +13.9% | 43,245,000 | $40.9M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Reduce -1.1% | 49,614,000 | $40.4M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Reduce -50.6% | 27,138,000 | $40.3M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +29.5% | 7,570,000 | $40.2M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Add +11.2% | 41,963,000 | $40.2M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +21.8% | 30,418,000 | $39.5M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -43.3% | 30,885,000 | $38.8M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Reduce -35.6% | 31,952,000 | $36.1M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Reduce -44.7% | 33,705,000 | $36.0M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | New | 32,306,000 | $35.5M |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | Sold out | 36,000,000 | $35.5Mbefore exit |
Showing the first 50 of 257.
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 |