BNP Paribas Financial Markets
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), BNP Paribas Financial Markets reported 4,519 stock positions worth $126.1 billion. Its top holding was Nvidia (NVDA) at 3.6% of the portfolio, followed by Microsoft (MSFT, 3.0%) and Meta Platforms Class A (META, 2.5%). Compared with Q2 2025, it opened 278 new positions, sold out of 186, added to 2,533 and reduced 1,533. The biggest buy was Tesla (TSLA, shares +7%) and the biggest sale Broadcom (AVGO, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001166588
- Portfolio Value
- $126.1B (Q3 2025)
- SEC Filing
- 0001166588-25-000040 ↗ filed Nov 13, 2025
Holdings Value
Holdings 4,519 stocks · $126.1B
| NVDA Nvidia Corp. | 3.56% | 24,070,237 | $4.5B | Reduce -31.2% |
| MSFT Microsoft Corp. | 3.00% | 7,311,159 | $3.8B | Reduce -24.5% |
| META Meta Platforms Inc. Class A | 2.47% | 4,246,926 | $3.1B | Add +6.2% |
| AAPL Apple Inc. | 2.36% | 11,686,605 | $3.0B | Reduce -40.8% |
| TSLA Tesla Inc. | 2.23% | 6,321,716 | $2.8B | Add +6.6% |
| AMZN Amazon.com Inc. | 2.06% | 11,800,870 | $2.6B | Add +10.3% |
| IVV iShares Core S&P 500 ETF | 1.69% | 3,189,043 | $2.1B | Add +1.9% |
| AVGO Broadcom Inc. | 1.54% | 5,898,053 | $1.9B | Reduce -47.9% |
| JPM JPMorgan Chase & Co. | 1.52% | 6,092,219 | $1.9B | Add +14.2% |
| GOOGL Alphabet Inc. Class A | 1.51% | 7,816,486 | $1.9B | Reduce -20.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.10% | 2,088,082 | $1.4B | Add +60.0% |
| IWM iShares Russell 2000 ETF | 0.86% | 4,465,219 | $1.1B | Add +3.7% |
| GOOG Alphabet Inc. Class C | 0.81% | 4,170,110 | $1.0B | Reduce -48.4% |
| CSCO Cisco Systems Inc. | 0.80% | 14,752,182 | $1.0B | Add +11.4% |
| GE General Electric filed as GE AEROSPACE | 0.77% | 3,224,885 | $970.1M | Reduce -44.4% |
| AMD Advanced Micro Devices | 0.71% | 5,511,506 | $891.7M | Reduce -20.5% |
| V Visa Inc. Class A | 0.61% | 2,258,017 | $770.8M | Reduce -7.5% |
| UNH Unitedhealth Group Inc. | 0.58% | 2,109,213 | $728.3M | Reduce -33.2% |
| NFLX Netflix Inc. | 0.57% | 601,373 | $721.0M | Reduce -4.2% |
| MU Micron Technology Inc. | 0.56% | 4,242,932 | $709.9M | Add +9.7% |
| ABBV Abbvie Inc. | 0.55% | 2,996,794 | $693.9M | Add +13.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.54% | 1,136,599 | $682.4M | Add +24.1% |
| PDD PDD Holdings Inc. | 0.53% | 5,042,763 | $666.5M | Reduce -7.7% |
| XOM Exxon Mobil Corp. | 0.53% | 5,897,429 | $664.9M | Add +4.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 1,291,607 | $649.3M | Reduce -8.0% |
| FLUT Flutter Entertainment PLC-Di | 0.48% | 2,386,821 | $606.3M | Add +10.1% |
| XBI SS SPDR S&P Biotech ETF | 0.47% | 5,964,801 | $597.7M | Reduce -21.6% |
| ADI Analog Devices Inc. | 0.47% | 2,412,640 | $592.8M | Reduce -5.5% |
| QCOM Qualcomm Inc. | 0.47% | 3,544,068 | $589.6M | Add +0.6% |
| ADBE Adobe Inc. | 0.45% | 1,618,692 | $571.0M | Add +30.9% |
| PLTR Palantir Technologies Inc. Class A | 0.43% | 2,973,127 | $542.4M | Reduce -5.8% |
| CVX Chevron Corp. | 0.43% | 3,476,082 | $539.8M | Add +11.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.42% | 10,177,771 | $525.1M | Add +1.9% |
| XLI SS Industrial Select Sector | 0.41% | 3,382,333 | $521.7M | Reduce -20.7% |
| MS Morgan Stanley | 0.41% | 3,267,640 | $519.4M | Add +81.8% |
| TMUS T-Mobile US Inc. | 0.40% | 2,132,607 | $510.5M | Add +31.0% |
| TXN Texas Instruments Inc. | 0.40% | 2,747,139 | $504.7M | Reduce -16.2% |
| CRM Salesforce Inc. | 0.40% | 2,111,006 | $500.3M | Add +21.1% |
| COST Costco Wholesale Corp. | 0.39% | 530,261 | $490.8M | Reduce -26.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.39% | 6,028,438 | $489.4M | Reduce -40.0% |
| MRK Merck & Co. Inc. | 0.38% | 5,730,421 | $481.0M | Reduce -13.8% |
| JNJ Johnson & Johnson | 0.38% | 2,573,795 | $477.2M | Reduce -21.0% |
| RSP Invesco S&P 500 Equal Weight | 0.38% | 2,506,199 | $475.4M | Reduce -21.3% |
| PGR Progressive Corp. | 0.38% | 1,924,812 | $475.3M | Add +47.1% |
| SMH Vaneck Semiconductor ETF | 0.37% | 1,441,965 | $470.6M | Reduce -32.2% |
| AMAT Applied Materials Inc. | 0.37% | 2,283,579 | $467.5M | Reduce -22.3% |
| ORCL Oracle Corp. | 0.37% | 1,638,169 | $460.7M | Reduce -29.4% |
| VZ Verizon Communications Inc. | 0.36% | 10,283,774 | $452.0M | Add +18.2% |
| MA Mastercard Inc. Class A | 0.35% | 779,428 | $443.3M | Reduce -26.4% |
| AXP American Express Co. | 0.35% | 1,312,012 | $435.8M | Add +19.1% |
| INTU Intuit Inc. | 0.34% | 626,202 | $427.6M | Reduce -1.5% |
| LIN Linde PLC | 0.33% | 884,087 | $419.9M | Add +11.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 1,389,909 | $392.2M | Add +22.7% |
| C Citigroup Inc. | 0.30% | 3,788,533 | $384.5M | Add +95.0% |
| SE Sea Ltd.-ADR | 0.30% | 2,137,548 | $382.0M | Add +41.8% |
| CMCSA Comcast Corp. Class A | 0.30% | 11,887,984 | $373.5M | Reduce -10.0% |
| GEV GE Vernova Inc. | 0.29% | 599,148 | $368.4M | Add +38.9% |
| LLY Eli Lilly & Co. | 0.29% | 475,881 | $363.1M | Reduce -43.0% |
| LRCX Lam Research Corp. | 0.29% | 2,706,329 | $362.4M | Reduce -36.6% |
| INTC Intel Corp. | 0.28% | 10,614,621 | $356.1M | Reduce -42.7% |
| GS Goldman Sachs Group Inc. | 0.28% | 438,829 | $349.5M | Reduce -2.9% |
| ABT Abbott Laboratories | 0.28% | 2,594,027 | $347.4M | Reduce -22.3% |
| APP AppLovin Corp. Class A | 0.28% | 483,534 | $347.4M | Add +43.2% |
| ACN Accenture PLC Class A | 0.27% | 1,400,449 | $345.4M | Add +27.9% |
| XLK SS Technology Select Sector | 0.27% | 1,193,057 | $336.3M | Add +1186.4% |
| HD Home Depot Inc. | 0.26% | 823,485 | $333.7M | Reduce -36.8% |
| WFC Wells Fargo & Co. | 0.26% | 3,853,869 | $323.0M | Reduce -5.7% |
| CAH Cardinal Health Inc. | 0.24% | 1,956,749 | $307.1M | Add +52.2% |
| SOXX iShares Semiconductor ETF | 0.24% | 1,127,144 | $305.6M | Reduce -58.9% |
| WMT Walmart Inc. | 0.23% | 2,846,301 | $293.3M | Add +2.0% |
| EMB iShares JP Morgan Usd Emergi | 0.23% | 3,068,156 | $292.1M | Reduce -2.4% |
| GLD SPDR Gold Shares | 0.23% | 817,719 | $290.7M | Add +25.2% |
| IGV iShares Expanded Tech-Softwa | 0.23% | 2,508,060 | $288.5M | Add +480.7% |
| CCL Carnival Corp. | 0.22% | 9,783,923 | $282.9M | Add +165.6% |
| BKNG Booking Holdings Inc. | 0.22% | 52,236 | $282.0M | Reduce -13.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.22% | 3,199,315 | $279.0M | Add +9.8% |
| BP BP PLC-Spons ADR | 0.22% | 8,090,104 | $278.8M | Add +3.0% |
| IBB iShares Biotechnology ETF | 0.22% | 1,915,395 | $276.5M | Add +313.2% |
| BABA Alibaba Group Holding-SP ADR | 0.22% | 1,542,317 | $275.7M | Add +65.2% |
| TEAM Atlassian Corp. Class A | 0.22% | 1,700,990 | $271.6M | Add +8.7% |
| CAT Caterpillar Inc. | 0.22% | 568,649 | $271.3M | Reduce -8.1% |
| REGN Regeneron Pharmaceuticals | 0.21% | 477,652 | $268.6M | Reduce -8.9% |
| ISRG Intuitive Surgical Inc. | 0.21% | 600,145 | $268.4M | Reduce -11.0% |
| SYK Stryker Corp. | 0.21% | 725,423 | $268.2M | Add +24.5% |
| MRSH Marsh & McLennan Cos | 0.21% | 1,319,258 | $265.9M | Add +160.2% |
| BSX Boston Scientific Corp. | 0.21% | 2,714,959 | $265.1M | Reduce -5.5% |
| XLV SS Health Care Select Sector | 0.21% | 1,875,616 | $261.0M | Add +126.2% |
| KLAC KLA Corp. | 0.20% | 237,706 | $256.4M | Reduce -30.4% |
| T AT&T Inc. | 0.20% | 9,035,817 | $255.2M | Reduce -44.3% |
| DE Deere & Co. | 0.20% | 556,785 | $254.6M | Add +16.8% |
| FCX Freeport-McMoran Inc. | 0.20% | 6,437,786 | $252.5M | Add +38.0% |
| GD General Dynamics Corp. | 0.20% | 735,157 | $250.7M | Add +19.2% |
| SPGI S&P Global Inc. | 0.20% | 514,769 | $250.5M | Reduce -43.6% |
| RTX RTX Corp. | 0.20% | 1,484,703 | $248.4M | Reduce -0.2% |
| PFE Pfizer Inc. | 0.20% | 9,660,812 | $246.2M | Reduce -54.2% |
| ABNB Airbnb Inc. Class A | 0.19% | 1,980,426 | $240.5M | Add +83.5% |
| XLE SS Energy Select Sector | 0.19% | 2,672,609 | $238.8M | Reduce -42.0% |
| IYR iShares US Real Estate ETF | 0.19% | 2,456,321 | $238.5M | Add +82.0% |
| CI The Cigna Group | 0.19% | 819,580 | $236.2M | Add +26.0% |
| RBLX Roblox Corp. Class A | 0.19% | 1,693,262 | $234.6M | Reduce -38.7% |
Options reported separately and not counted above: IWM calls ($3.6B), QQQ calls ($3.4B), NVDA puts ($3.3B), TSLA puts ($3.1B), IWM puts ($2.6B), SPY puts ($2.2B), QQQ puts ($1.8B), AMZN puts ($1.5B), MSFT puts ($1.3B), AMD puts ($1.1B), AAPL puts ($1.0B), GOOGL puts ($956.5M), and 790 more.
Other holdings (227): bonds, preferreds, convertibles and warrants · $2.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 97,653,000 | $148.8M | Add +21.5% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 21,312,000 | $96.9M | Add +770.9% |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 22,573,000 | $93.2M | Add +138.9% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 27,755,000 | $89.0M | Reduce -14.2% |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 45,600,000 | $86.1M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 40,700,000 | $57.2M | Add +8.4% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 11,685,000 | $52.3M | Reduce -23.7% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 40,969,000 | $52.2M | Add +16.5% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 38,292,000 | $48.9M | Add +1704.5% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 43,726,000 | $44.8M | Reduce -30.1% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 27,500,000 | $42.1M | Add +323.1% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 25,078,000 | $41.2M | Add +52.0% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 38,688,000 | $34.2M | Add +381.1% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 21,789,000 | $33.1M | New |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 31,930,000 | $32.2M | No change |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 21,887,000 | $31.7M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 29,868,000 | $31.1M | Add +18.1% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 9,827,000 | $30.8M | Reduce -28.3% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 27,688,000 | $29.8M | Reduce -18.8% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 12,000,000 | $29.5M | Add +50.0% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 30,000,000 | $29.3M | No change |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 30,000,000 | $28.5M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 30,875,000 | $28.5M | Add +1.7% |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 22,546,000 | $27.1M | Add +0.6% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 18,933,000 | $26.9M | Reduce -7.5% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 27,096,000 | $25.6M | Reduce -3.0% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 8,830,000 | $25.1M | Reduce -6.6% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 26,871,000 | $24.5M | Add +0.2% |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 18,736,000 | $24.5M | New |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 9,800,000 | $23.8M | Add +71.9% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 22,952,000 | $22.6M | Add +148.6% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 19,095,000 | $21.9M | Add +208.9% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 11,263,000 | $20.7M | Reduce -38.6% |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 9,107,000 | $20.4M | Reduce -27.5% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 12,767,000 | $20.0M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 21,073,000 | $19.1M | Reduce -48.3% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 13,534,000 | $18.5M | Add +129.2% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 17,634,000 | $17.8M | Reduce -14.8% |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | NOTE 2.000% 8/1 · principal | 14,443,000 | $17.2M | New |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 18,321,000 | $17.1M | Add +40.5% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 16,995,000 | $16.4M | Reduce -25.2% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 11,433,000 | $15.8M | Add +55.5% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 15,363,000 | $15.4M | Reduce -24.8% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 14,971,000 | $15.3M | Add +8.4% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 8,000,000 | $15.1M | Add +33.3% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 13,500,000 | $14.9M | Add +50.0% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 16,087,000 | $14.8M | Reduce -52.5% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 7,303,000 | $14.5M | Reduce -90.8% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 14,446,000 | $14.5M | Add +25.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 14,572,000 | $13.7M | Add +131.3% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 9,331,000 | $13.7M | Reduce -42.4% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 11,820,000 | $13.0M | Add +1.8% |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 9,791,919 | $13.0M | Add +593.5% |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | 12,615,000 | $12.8M | Add +25.6% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 11,666,000 | $12.5M | Add +1800.0% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 13,650,000 | $11.7M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 10,816,000 | $11.6M | Reduce -55.2% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 4,737,000 | $11.4M | Add +260.5% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 13,873,000 | $10.5M | Reduce -12.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 10,714,000 | $10.3M | Reduce -2.7% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 10,432,000 | $10.3M | Reduce -28.6% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 9,624,000 | $10.1M | Reduce -71.1% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 8,810,000 | $9.4M | Reduce -64.9% |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 · principal | 9,324,000 | $9.3M | Add +26.7% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 5,505,000 | $9.3M | Reduce -41.1% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 7,630,000 | $9.0M | Add +1.7% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 9,718,000 | $8.9M | Add +0.1% |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | 6,548,000 | $8.3M | New |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 8,049,000 | $7.7M | Add +52.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 4,746,000 | $7.7M | Reduce -10.7% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 7,510,000 | $7.6M | Reduce -67.6% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 2,359,000 | $6.8M | Reduce -77.0% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 6,006,000 | $6.8M | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 4,985,000 | $6.2M | Reduce -91.0% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 5,650,000 | $5.9M | Reduce -41.5% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 5,585,000 | $5.6M | Reduce -42.4% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 5,050,000 | $5.2M | Reduce -61.3% |
| GROUPON INC (GRPN 4.875 06/30/30 UNRS) | NOTE 4.875% 6/3 · principal | 5,650,000 | $5.2M | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 4,620,000 | $5.2M | Add +48.4% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 2,074,000 | $5.2M | Add +103600.0% |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 3,656,000 | $5.1M | Add +556.4% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 4,993,000 | $5.0M | Reduce -5.5% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 5,000,000 | $4.8M | No change |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 4,739,000 | $4.8M | New |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 2,975,000 | $4.7M | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 3,700,000 | $4.6M | Reduce -60.7% |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 4,975,000 | $4.4M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 4,400,000 | $4.3M | Add +37.3% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 3,343,000 | $4.1M | Reduce -90.9% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 3,701,000 | $3.9M | Add +65.9% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 3,945,000 | $3.9M | Add +5.8% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 3,644,000 | $3.6M | Add +3.4% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 3,836,000 | $3.5M | Add +6750.0% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 2,594,000 | $3.4M | Reduce -10.1% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 2,934,000 | $3.3M | Add +37.4% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 3,334,000 | $3.1M | Reduce -51.6% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 2,305,000 | $3.0M | Reduce -65.7% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 3,104,000 | $2.9M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 2,549,000 | $2.9M | Reduce -24.1% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 2,469,000 | $2.7M | Reduce -14.0% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 2,501,000 | $2.7M | Add +25.1% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 6,000,000 | $2.7M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 2,163,000 | $2.6M | Reduce -6.6% |
| PROS HOLDINGS INC (PRO 2.5 07/01/30) | DEBT 2.500% 7/0 · principal | 1,979,000 | $2.5M | Add +6.7% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 2,556,000 | $2.5M | Reduce -37.2% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 2,104,000 | $2.4M | Reduce -90.0% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 1,301,000 | $2.3M | Add +2451.0% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 2,417,000 | $2.3M | Add +21.3% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 2,466,000 | $2.2M | Reduce -66.1% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 1,803,000 | $2.1M | Reduce -81.1% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 1,645,000 | $1.9M | Reduce -67.8% |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 1,590,000 | $1.9M | Reduce -1.9% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 884,000 | $1.8M | Reduce -92.5% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 1,900,000 | $1.8M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,340,000 | $1.8M | Reduce -62.6% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 1,950,000 | $1.7M | Reduce -35.0% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 1,372,000 | $1.7M | Add +57.3% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 1,666,000 | $1.6M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 1,340,000 | $1.6M | Reduce -91.8% |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 1,097,000 | $1.6M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 1,260,000 | $1.5M | Reduce -67.8% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 1,500,000 | $1.5M | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 997,000 | $1.4M | Add +35.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 1,096,000 | $1.2M | Reduce -90.8% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 738,000 | $1.1M | Add +13.7% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 1,138,000 | $1.1M | Add +75.3% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 1,030,000 | $1.0M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 945,000 | $1.0M | Reduce -78.9% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 800,000 | $991K | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 611,000 | $862K | Reduce -75.1% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 879,000 | $856K | No change |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 878,000 | $848K | Reduce -36.3% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 797,000 | $829K | Reduce -60.1% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 810,000 | $785K | Add +636.4% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 605,000 | $781K | Reduce -64.6% |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | NOTE 1.625% 2/1 · principal | 427,000 | $775K | No change |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 800,000 | $758K | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 578,000 | $661K | Add +9.5% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 602,000 | $599K | No change |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 99,332 | $596K | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 507,000 | $564K | Reduce -85.0% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 391,000 | $540K | Add +8.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 473,000 | $527K | Reduce -91.2% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 403,000 | $519K | No change |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 500,000 | $491K | No change |
| VCICW Vine Hill Capital Class A-2 | *W EXP 07/01/203 | 299,861 | $480K | New |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 493,000 | $472K | Reduce -71.3% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 410,000 | $429K | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 431,000 | $424K | Reduce -2.5% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 291,000 | $399K | No change |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 300,000 | $374K | Add +50.0% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 333,000 | $354K | New |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 326,000 | $318K | Add +236.1% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 200,000 | $314K | Reduce -87.5% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 301,000 | $284K | Add +1333.3% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 294,000 | $282K | Reduce -96.5% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 270,000 | $279K | Add +13400.0% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 240,000 | $237K | Reduce -63.4% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 227,000 | $230K | Reduce -97.5% |
| TVACW Texas Ventures Acq -31 | *W EXP 04/23/203 | 207,153 | $228K | New |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 229,000 | $223K | New |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 89,637 | $189K | New |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 200,000 | $179K | Reduce -57.3% |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 183,174 | $174K | New |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 122,872 | $147K | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 148,000 | $142K | New |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 202,562 | $136K | New |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 194,799 | $132K | New |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 384,082 | $131K | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 138,000 | $129K | Add +475.0% |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 338,011 | $112K | New |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 299,540 | $111K | New |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 199,710 | $103K | New |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 214,539 | $94K | New |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 97,000 | $92K | Reduce -99.7% |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 194,799 | $88K | New |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 130,685 | $85K | New |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 268,041 | $81K | New |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 195,538 | $80K | New |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 78,000 | $74K | Reduce -99.9% |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 312,978 | $72K | New |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 92,913 | $71K | New |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 194,413 | $69K | New |
| POLEW Andretti Acquisition Corp.-29 | *W EXP 06/01/203 | 336,649 | $67K | New |
| RTACW Renatus Tactical Acqu - 30 | *W EXP 05/15/203 | 55,294 | $66K | New |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 101,797 | $66K | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 67,000 | $66K | New |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 64,000 | $66K | Reduce -99.7% |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 110,585 | $64K | New |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 161,927 | $60K | New |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 192,505 | $56K | New |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 200,151 | $50K | New |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 169,785 | $49K | New |
| APADR A Paradise Acquisition Corp. | RIGHT 07/29/2025 | 290,450 | $48K | New |
| GSHRW Gesher Acquisition Corp. I-30 | *W EXP 10/31/203 | 128,523 | $42K | New |
| NMPAR NMP Acquisition Corp. | RIGHT 06/27/2030 | 198,093 | $42K | New |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 430 | $42K | No change |
| MCGAW Yorkville Acquisition - 30 | *W EXP 06/06/203 | 32,041 | $38K | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 37,000 | $36K | Reduce -99.8% |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 154,207 | $34K | New |
Largest 200 of 227 shown.
Total filed on the 13F, all lines: $128.2B.
Portfolio Sells Q2 2025 → Q3 2025
| AVGO Broadcom Inc. | Reduce -47.9% | 1.54% | −0.93 |
| AAPL Apple Inc. | Reduce -40.8% | 2.36% | −0.85 |
| NVDA Nvidia Corp. | Reduce -31.2% | 3.56% | −0.81 |
| MSFT Microsoft Corp. | Reduce -24.5% | 3.00% | −0.81 |
| GE General Electric | Reduce -44.4% | 0.77% | −0.41 |
| PM Philip Morris International | Reduce -88.1% | 0.04% | −0.34 |
| GOOG Alphabet Inc. Class C | Reduce -48.4% | 0.81% | −0.33 |
| XLF SS Financial Select Sector | Reduce -92.8% | 0.03% | −0.32 |
| SOXX iShares Semiconductor ETF | Reduce -58.9% | 0.24% | −0.28 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -40.0% | 0.39% | −0.25 |
| LLY Eli Lilly & Co. | Reduce -43.0% | 0.29% | −0.23 |
| TMO Thermo Fisher Scientific Inc. | Reduce -65.5% | 0.15% | −0.22 |
| PFE Pfizer Inc. | Reduce -54.2% | 0.20% | −0.21 |
| UNH Unitedhealth Group Inc. | Reduce -33.2% | 0.58% | −0.20 |
| XLY SS Consumer Disc Select Sect | Reduce -98.5% | 0.00% | −0.19 |
| SPGI S&P Global Inc. | Reduce -43.6% | 0.20% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -26.7% | 0.39% | −0.18 |
| T AT&T Inc. | Reduce -44.3% | 0.20% | −0.17 |
| PG The Procter & Gamble Co. | Reduce -47.2% | 0.16% | −0.15 |
| EFA iShares MSCI Eafe ETF | Reduce -63.4% | 0.09% | −0.15 |
| ACWI iShares MSCI Acwi ETF | Reduce -67.7% | 0.08% | −0.15 |
| TXN Texas Instruments Inc. | Reduce -16.2% | 0.40% | −0.14 |
| SNOW Snowflake Inc. | Reduce -79.7% | 0.03% | −0.13 |
| JBL Jabil Inc. | Reduce -68.4% | 0.06% | −0.13 |
| XLE SS Energy Select Sector | Reduce -42.0% | 0.19% | −0.12 |
| MA Mastercard Inc. Class A | Reduce -26.4% | 0.35% | −0.12 |
| HD Home Depot Inc. | Reduce -36.8% | 0.26% | −0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -52.1% | 0.08% | −0.11 |
| SMH Vaneck Semiconductor ETF | Reduce -32.2% | 0.37% | −0.10 |
| NFLX Netflix Inc. | Reduce -4.2% | 0.57% | −0.09 |
| BLK BlackRock Inc. | Reduce -41.6% | 0.16% | −0.08 |
| XLI SS Industrial Select Sector | Reduce -20.7% | 0.41% | −0.08 |
| ABT Abbott Laboratories | Reduce -22.3% | 0.28% | −0.08 |
| DIS The Walt Disney Co. | Reduce -26.4% | 0.17% | −0.08 |
| VEA Vanguard Ftse Developed ETF | Reduce -86.9% | 0.01% | −0.08 |
| RSP Invesco S&P 500 Equal Weight | Reduce -21.3% | 0.38% | −0.08 |
| TTWO Take-Two Interactive Softwre | Reduce -51.0% | 0.09% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -11.0% | 0.21% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -10.0% | 0.30% | −0.08 |
| V Visa Inc. Class A | Reduce -7.5% | 0.61% | −0.08 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -58.2% | 0.06% | −0.07 |
| TRGP Targa Resources Corp. | Reduce -62.2% | 0.04% | −0.07 |
| DHR Danaher Corp. | Reduce -29.0% | 0.18% | −0.07 |
| ZTS Zoetis Inc. | Reduce -41.2% | 0.09% | −0.07 |
| AMD Advanced Micro Devices | Reduce -20.5% | 0.71% | −0.07 |
| NXPI NXP Semiconductors NV | Reduce -42.9% | 0.11% | −0.07 |
| ADP Automatic Data Processing | Reduce -36.2% | 0.11% | −0.07 |
| MELI MercadoLibre Inc. | Reduce -23.2% | 0.15% | −0.07 |
| ADSK Autodesk Inc. | Reduce -39.8% | 0.11% | −0.07 |
| BDX Becton Dickinson and Co. | Reduce -62.9% | 0.05% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| TSLA Tesla Inc. | Add +6.6% | 2.23% | +0.74 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +60.0% | 1.10% | +0.46 |
| JPM JPMorgan Chase & Co. | Add +14.2% | 1.52% | +0.30 |
| XLK SS Technology Select Sector | Add +1186.4% | 0.27% | +0.25 |
| MS Morgan Stanley | Add +81.8% | 0.41% | +0.21 |
| AMZN Amazon.com Inc. | Add +10.3% | 2.06% | +0.20 |
| IGV iShares Expanded Tech-Softwa | Add +480.7% | 0.23% | +0.19 |
| MU Micron Technology Inc. | Add +9.7% | 0.56% | +0.19 |
| APP AppLovin Corp. Class A | Add +43.2% | 0.28% | +0.18 |
| C Citigroup Inc. | Add +95.0% | 0.30% | +0.17 |
| IBB iShares Biotechnology ETF | Add +313.2% | 0.22% | +0.17 |
| ALAB Astera Labs Inc. | Add +577.3% | 0.18% | +0.16 |
| ABBV Abbvie Inc. | Add +13.2% | 0.55% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +1.9% | 1.69% | +0.15 |
| NBIS Nebius Group NV | Add +1679.9% | 0.15% | +0.14 |
| CCL Carnival Corp. | Add +165.6% | 0.22% | +0.14 |
| QQQ Invesco QQQ Trust Series 1 | Add +24.1% | 0.54% | +0.14 |
| META Meta Platforms Inc. Class A | Add +6.2% | 2.47% | +0.14 |
| BABA Alibaba Group Holding-SP ADR | Add +65.2% | 0.22% | +0.13 |
| ITB iShares U.S. Home Constructi | Add +509.4% | 0.15% | +0.13 |
| MRSH Marsh & McLennan Cos | Add +160.2% | 0.21% | +0.12 |
| IWM iShares Russell 2000 ETF | Add +3.7% | 0.86% | +0.12 |
| XLV SS Health Care Select Sector | Add +126.2% | 0.21% | +0.12 |
| BE Bloom Energy Corp. Class A | Add +12.4% | 0.15% | +0.12 |
| SE Sea Ltd.-ADR | Add +41.8% | 0.30% | +0.11 |
| GEV GE Vernova Inc. | Add +38.9% | 0.29% | +0.11 |
| NIO Nio Inc. - ADR | Add +874.3% | 0.11% | +0.11 |
| XLC SS Comm Select Sector SPDR | Add +1868.4% | 0.11% | +0.10 |
| AMT American Tower Corp. | Add +166.7% | 0.18% | +0.10 |
| HOOD Robinhood Markets Inc. Class A | Add +43.8% | 0.19% | +0.10 |
| PGR Progressive Corp. | Add +47.1% | 0.38% | +0.10 |
| TMUS T-Mobile US Inc. | Add +31.0% | 0.40% | +0.10 |
| CRDO Credo Technology Group Holdi | Add +95.6% | 0.13% | +0.09 |
| IYR iShares US Real Estate ETF | Add +82.0% | 0.19% | +0.09 |
| TGT Target Corp. | Add +146.5% | 0.16% | +0.09 |
| LULU Lululemon Athletica Inc. | Add +221.2% | 0.15% | +0.09 |
| LITE Lumentum Holdings Inc. | Add +188.6% | 0.11% | +0.09 |
| CLS Celestica Inc. | Add +6788.2% | 0.09% | +0.08 |
| WDC Western Digital Corp. | Add +12.4% | 0.16% | +0.08 |
| ABNB Airbnb Inc. Class A | Add +83.5% | 0.19% | +0.08 |
| CVX Chevron Corp. | Add +11.5% | 0.43% | +0.07 |
| ADBE Adobe Inc. | Add +30.9% | 0.45% | +0.07 |
| RSG Republic Services Inc. | Add +93.3% | 0.17% | +0.07 |
| CSCO Cisco Systems Inc. | Add +11.4% | 0.80% | +0.07 |
| GLD SPDR Gold Shares | Add +25.2% | 0.23% | +0.07 |
| CAH Cardinal Health Inc. | Add +52.2% | 0.24% | +0.07 |
| TTD Trade Desk Inc./the Class A | Add +263.4% | 0.12% | +0.07 |
| XME SS SPDR S&P Metals Mining | Add +436.8% | 0.08% | +0.07 |
| AZN Astrazeneca PLC-Spons ADR | Add +190.7% | 0.10% | +0.07 |
| MCD McDonald's Corp. | Add +58.0% | 0.17% | +0.07 |
Options Activity Q2 2025 → Q3 2025
| IWM iShares Russell 2000 ETF | call | Add +105.3% | 146,801 | $3.6B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +213.1% | 56,439 | $3.4B |
| NVDA Nvidia Corp. | put | Reduce -4.7% | 178,203 | $3.3B |
| TSLA Tesla Inc. | put | Reduce -4.1% | 70,102 | $3.1B |
| IWM iShares Russell 2000 ETF | put | Add +28.3% | 108,489 | $2.6B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -46.9% | 32,780 | $2.2B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +9.7% | 29,877 | $1.8B |
| AMZN Amazon.com Inc. | put | Add +25.3% | 67,977 | $1.5B |
| MSFT Microsoft Corp. | put | Reduce -13.5% | 25,493 | $1.3B |
| AMD Advanced Micro Devices | put | Add +7.3% | 68,958 | $1.1B |
| AAPL Apple Inc. | put | Add +46.9% | 39,973 | $1.0B |
| GOOGL Alphabet Inc. Class A | put | Add +22.6% | 39,344 | $956.5M |
| META Meta Platforms Inc. Class A | put | Add +8.0% | 10,862 | $797.7M |
| AVGO Broadcom Inc. | put | Add +18.1% | 23,540 | $776.6M |
| EEM iShares MSCI Emerging Market | call | Add +12.9% | 139,091 | $742.7M |
| JPM JPMorgan Chase & Co. | put | Add +15.6% | 19,534 | $616.2M |
| C Citigroup Inc. | put | Add +38.4% | 56,878 | $577.3M |
| BAC Bank of America Corp. | put | Add +24.1% | 108,310 | $558.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -26.6% | 8,043 | $535.8M |
| UNH Unitedhealth Group Inc. | put | Add +243.6% | 14,897 | $514.4M |
| GOOGL Alphabet Inc. Class A | call | Add +115.2% | 20,876 | $507.5M |
| GOOG Alphabet Inc. Class C | put | Add +61.7% | 20,164 | $491.1M |
| TSLA Tesla Inc. | call | Add +34.2% | 9,749 | $433.6M |
| NVDA Nvidia Corp. | call | Reduce -10.4% | 22,340 | $416.8M |
| TLT iShares 20+ Year Treasury BD | put | Add +533.0% | 44,800 | $400.4M |
| SMH Vaneck Semiconductor ETF | call | Add +13.8% | 12,201 | $398.2M |
| MU Micron Technology Inc. | put | Reduce -19.7% | 21,258 | $355.7M |
| XLF SS Financial Select Sector | call | Add +286.5% | 64,744 | $348.8M |
| SMH Vaneck Semiconductor ETF | put | Add +0.5% | 9,976 | $325.6M |
| MSFT Microsoft Corp. | call | Add +0.4% | 5,955 | $308.4M |
| XLK SS Technology Select Sector | put | Reduce -9.5% | 10,813 | $304.8M |
| XLE SS Energy Select Sector | put | Add +24.1% | 33,658 | $300.7M |
| AVGO Broadcom Inc. | call | Add +14.9% | 9,084 | $299.7M |
| GOOG Alphabet Inc. Class C | call | Add +160.1% | 12,124 | $295.3M |
| AMAT Applied Materials Inc. | put | Add +13.0% | 14,393 | $294.7M |
| COIN Coinbase Global Inc. Class A | put | Add +39.4% | 8,539 | $288.2M |
| AMZN Amazon.com Inc. | call | Add +36.3% | 12,662 | $278.0M |
| AAPL Apple Inc. | call | Add +19.8% | 10,720 | $273.0M |
| AMD Advanced Micro Devices | call | Reduce -4.1% | 16,173 | $261.7M |
| UBER Uber Technologies Inc. | put | Add +16.6% | 26,368 | $258.3M |
| BAC Bank of America Corp. | call | Add +118.6% | 48,566 | $250.6M |
| EEM iShares MSCI Emerging Market | put | Reduce -33.6% | 46,135 | $246.4M |
| MS Morgan Stanley | put | Add +43.7% | 15,395 | $244.7M |
| ORCL Oracle Corp. | put | Add +34.0% | 7,986 | $224.6M |
| XLK SS Technology Select Sector | call | Add +12.6% | 7,803 | $219.9M |
| WDC Western Digital Corp. | put | Add +582.6% | 18,075 | $217.0M |
| NFLX Netflix Inc. | put | Reduce -24.0% | 1,798 | $215.6M |
| GLD SPDR Gold Shares | put | Add +222.1% | 6,000 | $213.3M |
| BX Blackstone Inc. | put | Reduce -8.6% | 12,300 | $210.1M |
| XOM Exxon Mobil Corp. | put | Add +134.0% | 18,350 | $206.9M |
Showing the first 50 of 823.
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
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Add +21.5% | 97,653,000 | $148.8M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Add +770.9% | 21,312,000 | $96.9M |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | Add +138.9% | 22,573,000 | $93.2M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -14.2% | 27,755,000 | $89.0M |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | New | 45,600,000 | $86.1M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +8.4% | 40,700,000 | $57.2M |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 8,756,000 | $55.2Mbefore exit |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Reduce -23.7% | 11,685,000 | $52.3M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +16.5% | 40,969,000 | $52.2M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | Add +1704.5% | 38,292,000 | $48.9M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -30.1% | 43,726,000 | $44.8M |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | Add +323.1% | 27,500,000 | $42.1M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +52.0% | 25,078,000 | $41.2M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Add +381.1% | 38,688,000 | $34.2M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 21,789,000 | $33.1M |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | New | 21,887,000 | $31.7M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +18.1% | 29,868,000 | $31.1M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -28.3% | 9,827,000 | $30.8M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -18.8% | 27,688,000 | $29.8M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +50.0% | 12,000,000 | $29.5M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +1.7% | 30,875,000 | $28.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Sold out | 27,519,000 | $28.5Mbefore exit |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Sold out | 21,707,000 | $27.5Mbefore exit |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Sold out | 27,145,000 | $27.1Mbefore exit |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | Add +0.6% | 22,546,000 | $27.1M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Reduce -7.5% | 18,933,000 | $26.9M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Reduce -3.0% | 27,096,000 | $25.6M |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Reduce -6.6% | 8,830,000 | $25.1M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +0.2% | 26,871,000 | $24.5M |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | New | 18,736,000 | $24.5M |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | Add +71.9% | 9,800,000 | $23.8M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +148.6% | 22,952,000 | $22.6M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +208.9% | 19,095,000 | $21.9M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -38.6% | 11,263,000 | $20.7M |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | Reduce -27.5% | 9,107,000 | $20.4M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | New | 12,767,000 | $20.0M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 14,033,000 | $19.8Mbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Reduce -48.3% | 21,073,000 | $19.1M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +129.2% | 13,534,000 | $18.5M |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | Reduce -14.8% | 17,634,000 | $17.8M |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | NOTE 2.000% 8/1 · principal | New | 14,443,000 | $17.2M |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | Add +40.5% | 18,321,000 | $17.1M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -25.2% | 16,995,000 | $16.4M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Add +55.5% | 11,433,000 | $15.8M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -24.8% | 15,363,000 | $15.4M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +8.4% | 14,971,000 | $15.3M |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | Add +33.3% | 8,000,000 | $15.1M |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | Add +50.0% | 13,500,000 | $14.9M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Reduce -52.5% | 16,087,000 | $14.8M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -90.8% | 7,303,000 | $14.5M |
Showing the first 50 of 239.
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 | 4,698 | $189.5B | MU, NVDA, AMZN, TSLA, GOOGL |
| Q1 2026 | 4,674 | $149.3B | NVDA, MSFT, AMZN, AAPL, XBI |
| Q4 2025 | 4,576 | $155.9B | NVDA, MSFT, AAPL, AMZN, META |
| Q3 2025 | 4,519 | $126.1B | NVDA, MSFT, META, AAPL, TSLA |
| Q2 2025 | 4,426 | $126.3B | NVDA, MSFT, AAPL, AVGO, META |
| Q1 2025 | 4,355 | $129.2B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 4,367 | $127.9B | NVDA, MSFT, AAPL, AMZN, TSLA |
| Q3 2024 | 3,248 | $102.0B | NVDA, MSFT, AAPL, META, AMZN |
| Q2 2024 | 3,185 | $91.3B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2024 | 3,188 | $80.0B | MSFT, AAPL, NVDA, META, AMZN |