Bollard Group LLC

Name: Bollard Group LLC 13F holdings, Q1 2026
Creator: Bollard Group LLC
Published: 2026-05-14

Q2 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Bollard Group LLC reported 302 stock positions worth $3.3 billion. Its top holding was Boston Scientific (BSX) at 35.5% of the portfolio, followed by Eli Lilly (LLY, 5.4%) and Caterpillar (CAT, 5.0%). Compared with Q4 2025, it opened 34 new positions, sold out of 21, added to 159 and reduced 56. The biggest buy was Caterpillar (CAT, shares +14%) and the biggest sale Boston Scientific (BSX, shares −2%).

Most Recent 13F: Q2 2026
Location: BOSTON, MA
CIK: 0001556218
Portfolio Value: $3.3B (Q1 2026)
SEC Filing: 0000929638-26-001858 ↗ filed May 14, 2026

Holdings Value

Holdings 302 stocks · $3.3B


BSX Boston Scientific Corp.	35.51%	18,532,173	$1.2B	Reduce -2.5%
LLY Eli Lilly & Co.	5.36%	190,672	$175.4M	Reduce -3.8%
CAT Caterpillar Inc.	4.96%	229,052	$162.3M	Add +14.3%
AMZN Amazon.com Inc.	4.80%	754,187	$157.1M	Add +0.7%
SCCO Southern Copper Corp.	4.53%	861,950	$148.3M	Add +14.0%
GOOG Alphabet Inc. Class C	3.75%	427,725	$122.7M	Add +0.7%
MSFT Microsoft Corp.	3.21%	284,246	$105.2M	Reduce -2.2%
OKE Oneok Inc.	1.99%	721,832	$65.2M	Add +15.1%
EPD Enterprise Products Partners	1.87%	1,620,055	$61.3M	Reduce -0.3%
IT Gartner Inc.	1.76%	364,462	$57.7M	Add +35.1%
AEP American Electric Power	1.69%	421,308	$55.2M	Add +7.0%
JPM JPMorgan Chase & Co.	1.32%	146,569	$43.1M	Add +15.1%
MS Morgan Stanley	1.24%	247,477	$40.7M	Add +14.0%
WMT Walmart Inc.	1.24%	327,537	$40.7M	Add +15.1%
MSGS Madison Square Garden Sports	1.19%	121,000	$38.9M	No change
SO The Southern Co.	1.00%	340,141	$32.8M	Add +5.6%
TMO Thermo Fisher Scientific Inc.	0.93%	62,107	$30.5M	Add +0.2%
DE Deere & Co.	0.86%	50,034	$28.2M	Reduce -0.5%
CVX Chevron Corp.	0.86%	135,446	$28.0M	Add +3.5%
PAA Plains All Amer Pipeline LP	0.83%	1,215,856	$27.1M	Add +7.7%
KKR KKR & Co. Inc.	0.79%	281,313	$26.0M	Add +0.1%
PEG Public Service Enterprise GP	0.77%	311,366	$25.2M	Reduce -4.6%
NVDA Nvidia Corp.	0.77%	144,261	$25.2M	Reduce -1.4%
EMR Emerson Electric Co.	0.73%	181,815	$23.8M	Add +0.6%
KMI Kinder Morgan Inc.	0.72%	705,676	$23.7M	Reduce -0.2%
DUK Duke Energy Corp.	0.71%	177,644	$23.3M	Reduce -5.0%
MPLX MPLX LP	0.71%	405,728	$23.2M	Add +14.8%
PSX Phillips 66	0.61%	109,270	$19.9M	Reduce -0.4%
COP Conocophillips	0.60%	148,455	$19.6M	Add +5.0%
ET Energy Transfer LP	0.56%	956,441	$18.5M	Add +17.9%
VLO Valero Energy Corp.	0.55%	73,212	$18.1M	Add +17.3%
BP BP PLC-Spons ADR	0.52%	360,216	$16.9M	Add +0.8%
KO The Coca-Cola Co.	0.51%	221,331	$16.8M	Reduce -2.8%
MRK Merck & Co. Inc.	0.51%	138,765	$16.7M	Add +5.1%
AAPL Apple Inc.	0.50%	64,182	$16.3M	Add +5.0%
JNJ Johnson & Johnson	0.42%	55,723	$13.6M	Add +11.6%
TSLA Tesla Inc.	0.40%	35,264	$13.1M	Add +1.9%
FE Firstenergy Corp.	0.38%	247,847	$12.6M	Add +15.6%
META Meta Platforms Inc. Class A	0.36%	20,514	$11.7M	Add +3.1%
ENB Enbridge Inc.	0.35%	214,621	$11.6M	Add +7.6%
GOOGL Alphabet Inc. Class A	0.33%	37,402	$10.8M	Add +9.3%
PM Philip Morris International	0.31%	61,234	$10.1M	Add +0.7%
GS Goldman Sachs Group Inc.	0.30%	11,768	$10.0M	Add +0.5%
FTS Fortis Inc.	0.30%	175,488	$9.8M	Add +17.0%
V Visa Inc. Class A	0.29%	31,929	$9.7M	Add +22.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.29%	192,945	$9.4M	Add +11.3%
TECX Tectonic Therapeutic Inc.	0.29%	302,953	$9.4M	No change
LOW Lowe's Cos Inc.	0.27%	37,563	$8.9M	Add +22.4%
NI Nisource Inc.	0.25%	177,189	$8.3M	Add +16.9%
ABT Abbott Laboratories	0.25%	79,773	$8.2M	Add +16.3%
PLD Prologis Inc.	0.24%	60,581	$8.0M	Add +1.0%
BMY Bristol-Myers Squibb Co.	0.21%	115,000	$7.0M	Reduce -8.9%
UNP Union Pacific Corp.	0.19%	26,079	$6.3M	Add +12.6%
NDAQ Nasdaq Inc.	0.19%	73,344	$6.2M	Add +0.3%
QQQ Invesco QQQ Trust Series 1	0.19%	10,732	$6.2M	Add +3.3%
T AT&T Inc.	0.18%	202,365	$5.9M	Reduce -6.6%
NTR Nutrien Ltd.	0.17%	72,917	$5.5M	Add +0.6%
PPL PPL Corp.	0.16%	140,046	$5.3M	Add +4.9%
IWF iShares Russell 1000 Growth	0.16%	12,363	$5.3M	Add +0.1%
XOM Exxon Mobil Corp.	0.16%	31,014	$5.3M	Add +0.7%
VOO Vanguard S&P 500 ETF	0.16%	8,744	$5.2M	Add +29.1%
RTX RTX Corp.	0.16%	26,451	$5.1M	Add +10.1%
PEP Pepsico Inc.	0.15%	31,500	$4.9M	Add +2.3%
HON Honeywell International Inc.	0.14%	20,678	$4.7M	Add +15.7%
WMB Williams Cos Inc.	0.14%	61,869	$4.5M	Add +10.1%
UBER Uber Technologies Inc.	0.13%	60,674	$4.4M	Add +9.2%
ALL Allstate Corp.	0.13%	20,286	$4.2M	Add +0.5%
FWONK Liberty Media Corp. Class C	0.13%	48,497	$4.1M	New
COST Costco Wholesale Corp.	0.12%	4,016	$4.0M	Add +1.4%
MO Altria Group Inc.	0.12%	58,350	$3.9M	Add +17.7%
MLPX Global X MLP & Energy Infras	0.11%	47,147	$3.5M	Add +1.2%
CL Colgate-Palmolive Co.	0.10%	38,354	$3.3M	Add +1.6%
SHEL Shell PLC-ADR	0.10%	34,272	$3.2M	Add +9.7%
GPC Genuine Parts Co.	0.09%	29,373	$3.1M	Add +0.9%
TPYP Tortoise North American Pipe	0.09%	70,058	$3.0M	Add +1.7%
MAS Masco Corp.	0.08%	44,410	$2.7M	Add +0.5%
ORCL Oracle Corp.	0.08%	18,139	$2.7M	Add +0.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.08%	11,832	$2.6M	Add +0.3%
LMT Lockheed Martin Corp.	0.08%	4,195	$2.5M	Add +1.1%
VZ Verizon Communications Inc.	0.07%	48,880	$2.5M	Reduce -1.9%
ED Consolidated Edison Inc.	0.07%	21,210	$2.4M	Reduce -4.8%
PFGC Performance Food Group Co.	0.07%	27,392	$2.3M	New
AMLP Alerian MLP ETF	0.07%	42,714	$2.2M	Reduce -1.9%
NGG National Grid PLC-SP ADR	0.07%	26,342	$2.2M	Add +14.8%
BKH Black Hills Corp.	0.07%	31,880	$2.2M	Add +17.0%
ACN Accenture PLC Class A	0.06%	10,235	$2.0M	Add +0.7%
NEE Nextera Energy Inc.	0.06%	21,517	$2.0M	Reduce -4.4%
KMB Kimberly-Clark Corp.	0.06%	19,404	$1.9M	Add +112.4%
HD Home Depot Inc.	0.06%	5,686	$1.9M	Add +1.5%
ES Eversource Energy	0.06%	26,010	$1.8M	Add +16.9%
RIO Rio Tinto PLC-Spon ADR	0.05%	19,257	$1.8M	Reduce -1.7%
CLX Clorox Company	0.05%	16,443	$1.7M	Add +24.7%
EOG EOG Resources Inc.	0.05%	11,423	$1.7M	Add +0.9%
MTCH Match Group Inc.	0.05%	52,928	$1.6M	Add +0.6%
ACRS Aclaris Therapeutics Inc.	0.05%	431,631	$1.6M	Reduce -46.3%
MDLZ Mondelez International Inc. Class A	0.05%	26,159	$1.5M	Add +0.9%
PG The Procter & Gamble Co.	0.04%	10,117	$1.5M	Reduce -11.2%
AMGN Amgen Inc.	0.04%	4,087	$1.4M	Add +3.2%
DKNG Draftkings Inc. Class A	0.04%	59,417	$1.3M	No change
CVS CVS Health Corp.	0.04%	17,653	$1.3M	Add +0.9%
PRME Prime Medicine Inc.	0.04%	361,136	$1.3M	No change
MAR Marriott International Class A	0.04%	3,819	$1.2M	Add +0.2%
FDX FedEx Corp.	0.04%	3,444	$1.2M	Add +0.5%
CARR Carrier Global Corp.	0.04%	21,719	$1.2M	Reduce -3.3%
MMM 3M Co.	0.04%	8,256	$1.2M	Add +0.4%
IWB iShares Russell 1000 ETF	0.04%	3,344	$1.2M	Add +0.2%
VTI VG Morningstar TS MKT ETF-US	0.03%	3,374	$1.1M	Add +0.3%
CMCSA Comcast Corp. Class A	0.03%	37,607	$1.1M	Add +1.1%
NSC Norfolk Southern Corp.	0.03%	3,676	$1.1M	Add +0.4%
OTIS Otis Worldwide Corp.	0.03%	13,542	$1.0M	Add +10.2%
CARG Cargurus Inc.	0.03%	28,525	$971K	New
RBRK Rubrik Inc. Class A	0.03%	18,294	$896K	New
UL Unilever PLC-Sponsored ADR	0.03%	15,314	$872K	Reduce -2.2%
USB US Bancorp	0.03%	15,900	$827K	Add +18.2%
ECL Ecolab Inc.	0.02%	3,016	$802K	Add +0.2%
KR Kroger Co.	0.02%	10,757	$778K	Add +0.5%
IGM iShares Expanded Tech Sector	0.02%	6,411	$760K	Add +0.0%
PAYX Paychex Inc.	0.02%	8,250	$760K	Reduce -18.3%
JCI Johnson Controls Internation	0.02%	5,715	$748K	Reduce -45.4%
DHR Danaher Corp.	0.02%	3,917	$743K	Add +0.1%
GWW WW Grainger Inc.	0.02%	678	$740K	Add +0.1%
TSCO Tractor Supply Company	0.02%	16,004	$725K	Add +0.4%
COR Cencora Inc.	0.02%	2,241	$704K	Add +0.1%
APD Air Products & Chemicals Inc.	0.02%	2,405	$699K	Add +0.6%
MPC Marathon Petroleum Corp.	0.02%	2,864	$699K	Add +0.5%
MCD McDonald's Corp.	0.02%	2,235	$695K	Add +0.5%
WES Western Midstream Partners L	0.02%	16,219	$668K	Add +2.1%
EQT Eqt Corp.	0.02%	10,146	$646K	Add +0.3%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED	0.02%	8,676	$631K	Add +4.2%
SPY SS SPDR S&P 500 ETF Trust-US	0.02%	893	$581K	Add +11.6%
EXC Exelon Corp.	0.02%	11,710	$574K	Add +9.7%
SYK Stryker Corp.	0.02%	1,700	$559K	Add +0.2%
AFL Aflac Inc.	0.02%	5,024	$551K	Add +0.5%
CINF Cincinnati Financial Corp.	0.02%	3,271	$515K	Add +7.6%
AMAT Applied Materials Inc.	0.02%	1,459	$499K	Add +0.1%
MSI Motorola Solutions Inc.	0.01%	1,116	$484K	Add +0.3%
CSCO Cisco Systems Inc.	0.01%	6,158	$478K	Add +0.5%
ABBV Abbvie Inc.	0.01%	2,195	$477K	Add +0.7%
GE General Electric filed as GE AEROSPACE	0.01%	1,589	$451K	No change
CB Chubb Ltd.	0.01%	1,344	$438K	Add +0.3%
DOCU Docusign Inc.	0.01%	9,053	$429K	New
VOR Vor Biopharma Inc.	0.01%	23,987	$428K	No change
CR Crane Co.	0.01%	2,497	$427K	New
RGA Reinsurance Group of America	0.01%	2,043	$417K	Add +0.4%
UPS United Parcel Service Class B	0.01%	4,051	$398K	Add +1.4%
SOLS Solstice Adv Materials Inc.	0.01%	5,186	$395K	Add +2.8%
MDT Medtronic PLC	0.01%	4,219	$366K	Add +0.7%
GEV GE Vernova Inc.	0.01%	405	$354K	No change
TSM Taiwan Semiconductor-SP ADR	0.01%	1,039	$351K	No change
BRK.B Berkshire Hathaway Inc. Class B	0.01%	713	$342K	Add +8.0%
CP Canadian Pacific Kansas City	0.01%	4,336	$341K	Add +0.2%
GUSE GS Enhanced US Equity ETF	0.01%	8,577	$335K	No change
AMD Advanced Micro Devices	0.01%	1,593	$324K	No change
TRGP Targa Resources Corp.	0.01%	1,226	$307K	Add +0.1%
CTVA Corteva Inc.	0.01%	3,560	$298K	Reduce -29.7%
XLV SS Health Care Select Sector	0.01%	1,998	$293K	Add +0.3%
DVN Devon Energy Corp.	0.01%	5,704	$287K	Reduce -9.2%
TTE Totalenergies SE	0.01%	3,139	$286K	Reduce -30.9%
ICE Intercontinental Exchange Inc.	0.01%	1,755	$276K	Add +0.3%
INDB Independent Bank Corp.	0.01%	3,645	$274K	Add +0.3%
KEYS Keysight Technologies Inc.	0.01%	964	$272K	No change
AZO AutoZone Inc.	0.01%	80	$270K	No change
AXP American Express Co.	0.01%	865	$262K	Add +0.1%
BA The Boeing Co.	0.01%	1,310	$261K	No change
CMS CMS Energy Corp.	0.01%	3,156	$245K	Add +0.7%
EWY iShares MSCI South Korea ETF	0.01%	1,888	$232K	Reduce -60.5%
AVGO Broadcom Inc.	0.01%	744	$230K	Add +22.6%
IWR iShares Russell Mid-Cap ETF	0.01%	2,371	$230K	Add +0.2%
AER Aercap Holdings NV	0.01%	1,654	$227K	Reduce -39.6%
VMC Vulcan Materials Co.	0.01%	822	$224K	No change
WY Weyerhaeuser Co.	0.01%	9,041	$221K	Reduce -52.0%
SLB SLB Ltd. filed as SLB LIMITED	0.01%	4,190	$215K	Add +0.7%
MCHP Microchip Technology Inc.	0.01%	3,245	$210K	Add +0.7%
RYN Rayonier Inc.	0.01%	9,766	$201K	Reduce -73.6%
OMC Omnicom Group	0.01%	2,642	$199K	Add +1.0%
XLF SS Financial Select Sector	0.01%	4,011	$198K	Add +0.4%
CLS Celestica Inc.	0.01%	700	$197K	No change
GENI Genius Sports Ltd.	0.01%	44,140	$196K	No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.01%	800	$194K	No change
WELL Welltower Inc.	0.01%	982	$194K	Add +0.3%
UNH Unitedhealth Group Inc.	0.01%	686	$186K	Reduce -1.0%
BDX Becton Dickinson and Co.	0.01%	1,139	$179K	Add +0.7%
COIN Coinbase Global Inc. Class A	0.01%	1,000	$175K	No change
XLU St Sr Utl SL SE SPDR ETF-Usd	0.01%	3,785	$174K	Add +0.6%
SHOP Shopify Inc. Class A	0.01%	1,448	$172K	No change
IQV Iqvia Holdings Inc.	0.00%	911	$155K	No change
INTC Intel Corp.	0.00%	3,486	$154K	Reduce -43.7%
VEU Vanguard Ftse All-World Ex-U	0.00%	1,997	$150K	Add +11.3%
ITW Illinois Tool Works	0.00%	570	$148K	Add +0.5%
BABA Alibaba Group Holding-SP ADR	0.00%	1,171	$147K	Reduce -39.5%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC	0.00%	1,418	$140K	No change
OXY Occidental Petroleum Corp.	0.00%	2,075	$135K	Add +0.5%
ISRG Intuitive Surgical Inc.	0.00%	284	$131K	No change
TRP TC Energy Corp.	0.00%	2,083	$130K	No change
C Citigroup Inc.	0.00%	1,091	$124K	Add +13.3%
GIS General Mills Inc.	0.00%	3,187	$119K	Reduce -13.9%
GNRC Generac Holdings Inc.	0.00%	600	$117K	No change
XLI SS Industrial Select Sector	0.00%	718	$116K	Add +0.1%
ACVA Acv Auctions Inc. Class A	0.00%	27,131	$115K	New
XLB SS Materials Select Sector	0.00%	2,262	$113K	Add +0.4%
BCE Bce Inc.	0.00%	4,433	$112K	Reduce -44.3%
VB Vanguard Most SM-Cap ETF-Usd	0.00%	407	$106K	New
IWM iShares Russell 2000 ETF	0.00%	424	$105K	No change
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.00%	366	$105K	New
RSG Republic Services Inc.	0.00%	456	$100K	Reduce -60.4%
SOLV Solventum Corp.	0.00%	1,435	$94K	Reduce -12.7%
VTEB Vanguard Tax-Exempt Bond ETF	0.00%	1,878	$94K	Add +0.6%
XLP SS Consumer Staples Sel Sect	0.00%	1,133	$93K	Add +0.3%
HLN Haleon PLC-ADR	0.00%	9,209	$92K	Reduce -60.4%
OMFL Invesco Russell 1000 DYN M/F	0.00%	1,527	$92K	New
KT KT Corp.-SP ADR	0.00%	4,274	$92K	Reduce -60.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.00%	762	$90K	Add +0.3%
WTW Willis Towers Watson PLC	0.00%	310	$90K	Reduce -60.5%
AAP Advance Auto Parts Inc.	0.00%	1,684	$89K	Add +0.5%
POWI Power Integrations Inc.	0.00%	1,709	$88K	Reduce -23.8%
SYY Sysco Corp.	0.00%	1,233	$88K	Add +0.7%
VEA Vanguard Ftse Developed ETF	0.00%	1,244	$80K	Add +0.2%
PANW Palo Alto Networks Inc.	0.00%	488	$78K	New
MCK McKesson Corp.	0.00%	87	$75K	No change
OGS One Gas Inc.	0.00%	873	$75K	Reduce -41.0%
IBN Icici Bank Ltd.-Spon ADR	0.00%	2,761	$72K	Reduce -60.4%
XLE SS Energy Select Sector	0.00%	1,168	$72K	Add +0.3%
GBCI Glacier Bancorp Inc.	0.00%	1,557	$70K	Reduce -1.0%
WM Waste Management Inc.	0.00%	299	$69K	Add +0.3%
IIPR Innovative Industrial Proper	0.00%	1,341	$67K	Reduce -21.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C	0.00%	918	$64K	Add +0.2%
HAL Halliburton Co.	0.00%	1,647	$64K	Add +0.1%
BLK BlackRock Inc.	0.00%	60	$58K	New
KEY Keycorp	0.00%	2,889	$58K	Add +0.7%
VLTO Veralto Corp.	0.00%	640	$57K	No change
TT Trane Technologies PLC	0.00%	138	$57K	No change
IBB iShares Biotechnology ETF	0.00%	334	$56K	No change
VSNT Versant Media Group Inc.	0.00%	1,486	$55K	Reduce -0.1%
AZN Astrazeneca PLC	0.00%	277	$55K	No change
Q Qnity Electronics Inc.	0.00%	471	$54K	No change
SWK Stanley Black & Decker Inc.	0.00%	764	$54K	Add +0.9%
NEM Newmont Corp.	0.00%	451	$49K	Add +0.2%
PLXS Plexus Corp.	0.00%	240	$49K	No change
MDY State Street SPDR S&P Midcap	0.00%	80	$49K	No change
VIG Vanguard Dividend Apprec ETF	0.00%	222	$48K	New
GD General Dynamics Corp.	0.00%	136	$47K	New
MICC The Magnum Ice Cream Co. NV	0.00%	3,167	$47K	Reduce -9.8%
VGT Vanguard Info Tech ETF	0.00%	65	$45K	New
DD Dupont DE Nemours Inc.	0.00%	945	$43K	Add +0.1%
DOW Dow Inc. filed as DOW HLDGS INC	0.00%	1,019	$42K	Reduce -16.2%
KRE SS SPDR S&P Regional Bank	0.00%	637	$42K	Add +0.5%
NOW ServiceNow Inc.	0.00%	325	$34K	Reduce -39.8%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.00%	112	$34K	New
ADM Archer-Daniels-Midland Co.	0.00%	446	$32K	Add +0.9%
WAT Waters Corp.	0.00%	98	$29K	New
XLRE SS Real Estate Select Sector	0.00%	630	$26K	Add +0.5%
HQH Abrdn Healthcare Investors	0.00%	1,412	$25K	New
GAP The Gap Inc.	0.00%	988	$24K	Add +0.7%
EFA iShares MSCI Eafe ETF	0.00%	246	$24K	No change
BETA Beta Technologies Inc. Class A	0.00%	1,500	$22K	New
XEXGX Eaton Vance Tax-Managed Glob	0.00%	2,520	$22K	New
PRU Prudential Financial Inc.	0.00%	226	$22K	New
BLD Topbuild Corp.	0.00%	64	$22K	No change
VVV Valvoline Inc.	0.00%	611	$21K	No change
CMC Commercial Metals Co.	0.00%	329	$20K	No change
BND Vanguard Total Bond Market	0.00%	257	$19K	Add +0.4%
GM General Motors Co.	0.00%	241	$18K	New
ADP Automatic Data Processing	0.00%	79	$16K	No change
SOBO South Bow Corp.	0.00%	416	$14K	No change
ASH Ashland Inc.	0.00%	227	$13K	Add +0.4%
SUSA iShares ESG Optimized MSCI U	0.00%	96	$13K	New
CMP Compass Minerals Internation	0.00%	530	$12K	New
EWJ iShares MSCI Japan ETF	0.00%	139	$12K	No change
VNQ Vanguard Real Estate ETF	0.00%	127	$11K	Add +0.8%
VTV Vanguard Mrngstr Val ETF-Aui	0.00%	55	$11K	New
BX Blackstone Inc.	0.00%	87	$10K	New
GEHC GE Healthcare Technology	0.00%	129	$9K	No change
UNIT Uniti Group Inc.	0.00%	954	$9K	No change
CRM Salesforce Inc.	0.00%	44	$8K	New
TDW Tidewater Inc.	0.00%	100	$8K	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.00%	72	$7K	No change
PPLI People Inc. filed as IAC INC	0.00%	169	$7K	No change
NFLX Netflix Inc.	0.00%	73	$7K	New
CTSH Cognizant Tech Solutions-A	0.00%	100	$6K	New
MOS The Mosaic Co.	0.00%	209	$5K	Add +0.5%
NFJ Virtus DVD Intrst & PRM STR	0.00%	405	$5K	New
WAB Wabtec Corp.	0.00%	20	$5K	No change
ETV Eaton Vance T/M Buy-Writ Opp	0.00%	316	$4K	New
GOF Guggenheim Strategic Opport	0.00%	399	$4K	New
HPQ HP Inc.	0.00%	199	$4K	Add +1.0%
HPE Hewlett Packard Enterprise	0.00%	187	$4K	Add +1.1%
KDP Keurig Dr Pepper Inc.	0.00%	141	$4K	No change
STWD Starwood Property Trust Inc.	0.00%	260	$4K	New
RCI Rogers Communications Inc. Class B	0.00%	85	$3K	Reduce -42.2%
GLO Clough Global Opportunities	0.00%	303	$2K	New
FLR Fluor Corp.	0.00%	45	$2K	No change
SOXX iShares Semiconductor ETF	0.00%	5	$2K	Reduce -70.6%
PFE Pfizer Inc.	0.00%	68	$2K	Reduce -45.2%
ANGI Angi Inc.	0.00%	88	$1K	No change
MYO Myomo Inc.	0.00%	1,570	$1K	No change
OGN Organon & Co.	0.00%	184	$1K	No change
REZI Resideo Technologies Inc.	0.00%	16	$1K	No change
RGP Resources Connection Inc.	0.00%	181	$1K	Add +1.1%
DOC Healthpeak Properties Inc.	0.00%	26	$0	Reduce -99.4%
KALU Kaiser Aluminum Corp.	0.00%	1	$0	Reduce -99.8%
NKE Nike Inc. Class B	0.00%	5	$0	Reduce -75.0%
VTRS Viatris Inc.	0.00%	30	$0	No change

Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T calls ($118.5M), ELI LILLY & CO calls ($951K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $9K (not counted above)

Security	Class	Shares / Principal	Value	Change
OXY.WS Occidental Petroleum-CW27	*W EXP 08/03/202	216	$9K	No change

Total filed on the 13F, all lines: $3.3B.

Portfolio Sells Q4 2025 → Q1 2026


BSX Boston Scientific Corp.	Reduce -2.5%	35.51%	−12.09
MSFT Microsoft Corp.	Reduce -2.2%	3.21%	−0.48
LLY Eli Lilly & Co.	Reduce -3.8%	5.36%	−0.24
RYN Rayonier Inc.	Reduce -73.6%	0.01%	−0.01
ACRS Aclaris Therapeutics Inc.	Reduce -46.3%	0.05%	−0.01
JCI Johnson Controls Internation	Reduce -45.4%	0.02%	−0.01
PAYX Paychex Inc.	Reduce -18.3%	0.02%	−0.01
EWY iShares MSCI South Korea ETF	Reduce -60.5%	0.01%	−0.01
WY Weyerhaeuser Co.	Reduce -52.0%	0.01%	−0.01
ASML ASML Holding NV-NY Reg SHS	Sold out	0.00%	−0.00
WTW Willis Towers Watson PLC	Reduce -60.5%	0.00%	−0.00
HLN Haleon PLC-ADR	Reduce -60.4%	0.00%	−0.00
RSG Republic Services Inc.	Reduce -60.4%	0.00%	−0.00
AER Aercap Holdings NV	Reduce -39.6%	0.01%	−0.00
IBN Icici Bank Ltd.-Spon ADR	Reduce -60.4%	0.00%	−0.00
MELI MercadoLibre Inc.	Sold out	0.00%	−0.00
BABA Alibaba Group Holding-SP ADR	Reduce -39.5%	0.00%	−0.00
DDOG Datadog Inc. Class A	Sold out	0.00%	−0.00
SLNO Soleno Therapeutics Inc.	Sold out	0.00%	−0.00
EXAS Exact Sciences Corp.	Sold out	0.00%	−0.00
KT KT Corp.-SP ADR	Reduce -60.4%	0.00%	−0.00
DOC Healthpeak Properties Inc.	Reduce -99.4%	0.00%	−0.00
KALU Kaiser Aluminum Corp.	Reduce -99.8%	0.00%	−0.00
BCE Bce Inc.	Reduce -44.3%	0.00%	−0.00
BC Brunswick Corp.	Sold out	0.00%	−0.00
INTC Intel Corp.	Reduce -43.7%	0.00%	−0.00
DEI Douglas Emmett Inc.	Sold out	0.00%	−0.00
NOW ServiceNow Inc.	Reduce -39.8%	0.00%	−0.00
EGP Eastgroup Properties Inc.	Sold out	0.00%	−0.00
GIS General Mills Inc.	Reduce -13.9%	0.00%	−0.00
PLOW Douglas Dynamics Inc.	Sold out	0.00%	−0.00
OGS One Gas Inc.	Reduce -41.0%	0.00%	−0.00
OXM Oxford Industries Inc.	Sold out	0.00%	−0.00
SOLV Solventum Corp.	Reduce -12.7%	0.00%	−0.00
CRI Carter's Inc.	Sold out	0.00%	−0.00
ELAN Elanco Animal Health Inc.	Sold out	0.00%	−0.00
MEI Methode Electronics Inc.	Sold out	0.00%	−0.00
MLKN Millerknoll Inc.	Sold out	0.00%	−0.00
UL Unilever PLC-Sponsored ADR	Reduce -2.2%	0.03%	−0.00
UNH Unitedhealth Group Inc.	Reduce -1.0%	0.01%	−0.00
FPI Farmland Partners Inc.	Sold out	0.00%	−0.00
ALTG Alta Equipment Group Inc.	Sold out	0.00%	−0.00
IIPR Innovative Industrial Proper	Reduce -21.2%	0.00%	−0.00
SOXX iShares Semiconductor ETF	Reduce -70.6%	0.00%	−0.00
RCI Rogers Communications Inc. Class B	Reduce -42.2%	0.00%	−0.00
CHRW C.H. Robinson Worldwide Inc.	Sold out	0.00%	0.00
FTV Fortive Corp.	Sold out	0.00%	0.00
LZB La-Z-Boy Inc.	Sold out	0.00%	0.00
NKE Nike Inc. Class B	Reduce -75.0%	0.00%	0.00
NOC Northrop Grumman Corp.	Sold out	0.00%	0.00

Portfolio Buys Q4 2025 → Q1 2026


CAT Caterpillar Inc.	Add +14.3%	4.96%	+1.94
SCCO Southern Copper Corp.	Add +14.0%	4.53%	+1.68
OKE Oneok Inc.	Add +15.1%	1.99%	+0.78
AEP American Electric Power	Add +7.0%	1.69%	+0.49
WMT Walmart Inc.	Add +15.1%	1.24%	+0.41
CVX Chevron Corp.	Add +3.5%	0.86%	+0.33
PAA Plains All Amer Pipeline LP	Add +7.7%	0.83%	+0.30
VLO Valero Energy Corp.	Add +17.3%	0.55%	+0.29
SO The Southern Co.	Add +5.6%	1.00%	+0.26
AMZN Amazon.com Inc.	Add +0.7%	4.80%	+0.26
COP Conocophillips	Add +5.0%	0.60%	+0.25
GOOG Alphabet Inc. Class C	Add +0.7%	3.75%	+0.24
JPM JPMorgan Chase & Co.	Add +15.1%	1.32%	+0.24
MS Morgan Stanley	Add +14.0%	1.24%	+0.23
ET Energy Transfer LP	Add +17.9%	0.56%	+0.21
MPLX MPLX LP	Add +14.8%	0.71%	+0.21
BP BP PLC-Spons ADR	Add +0.8%	0.52%	+0.19
MRK Merck & Co. Inc.	Add +5.1%	0.51%	+0.14
JNJ Johnson & Johnson	Add +11.6%	0.42%	+0.14
FE Firstenergy Corp.	Add +15.6%	0.38%	+0.13
FWONK Liberty Media Corp. Class C	New	0.13%	+0.13
ENB Enbridge Inc.	Add +7.6%	0.35%	+0.10
FTS Fortis Inc.	Add +17.0%	0.30%	+0.10
EMR Emerson Electric Co.	Add +0.6%	0.73%	+0.10
NI Nisource Inc.	Add +16.9%	0.25%	+0.09
LOW Lowe's Cos Inc.	Add +22.4%	0.27%	+0.08
PFGC Performance Food Group Co.	New	0.07%	+0.07
XOM Exxon Mobil Corp.	Add +0.7%	0.16%	+0.06
AAPL Apple Inc.	Add +5.0%	0.50%	+0.06
V Visa Inc. Class A	Add +22.3%	0.29%	+0.05
PM Philip Morris International	Add +0.7%	0.31%	+0.05
UNP Union Pacific Corp.	Add +12.6%	0.19%	+0.05
HON Honeywell International Inc.	Add +15.7%	0.14%	+0.05
NTR Nutrien Ltd.	Add +0.6%	0.17%	+0.05
WMB Williams Cos Inc.	Add +10.1%	0.14%	+0.05
VOO Vanguard S&P 500 ETF	Add +29.1%	0.16%	+0.05
GOOGL Alphabet Inc. Class A	Add +9.3%	0.33%	+0.05
PLD Prologis Inc.	Add +1.0%	0.24%	+0.04
MO Altria Group Inc.	Add +17.7%	0.12%	+0.04
PPL PPL Corp.	Add +4.9%	0.16%	+0.04
RTX RTX Corp.	Add +10.1%	0.16%	+0.04
SHEL Shell PLC-ADR	Add +9.7%	0.10%	+0.04
BAC Bank of America Corp.	Add +11.3%	0.29%	+0.04
GS Goldman Sachs Group Inc.	Add +0.5%	0.30%	+0.03
PEP Pepsico Inc.	Add +2.3%	0.15%	+0.03
KMB Kimberly-Clark Corp.	Add +112.4%	0.06%	+0.03
COST Costco Wholesale Corp.	Add +1.4%	0.12%	+0.03
MLPX Global X MLP & Energy Infras	Add +1.2%	0.11%	+0.03
CARG Cargurus Inc.	New	0.03%	+0.03
RBRK Rubrik Inc. Class A	New	0.03%	+0.03

Options Activity Q4 2025 → Q1 2026


SPDR S&P 500 ETF TR	call	Sold out	1,312,290	$193.5Mbefore exit
STATE STR SPDR S&P 500 ETF T	call	New	1,089,500	$118.5M
ELI LILLY & CO	call	Sold out	5,500	$1.8Mbefore exit
ELI LILLY & CO	call	New	5,500	$951K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	307	$3.3B	BSX, CAT, LLY, AMZN, SPY
Q1 2026	302	$3.3B	BSX, LLY, CAT, AMZN, SCCO
Q4 2025	288	$3.8B	BSX, LLY, AMZN, MSFT, GOOG
Q3 2025	268	$4.0B	BSX, AMZN, MSFT, LLY, GOOG
Q2 2025	293	$4.4B	BSX, LLY, AMZN, STATE STR SPDR S&P 500 ETF T, MSFT
Q1 2025	284	$3.8B	BSX, LLY, IT, AMZN, MSFT
Q4 2024	287	$3.6B	BSX, LLY, IT, AMZN, MSFT
Q3 2024	303	$3.8B	BSX, LLY, IT, AMZN, MSFT
Q2 2024	302	$3.5B	BSX, LLY, IT, AMZN, MSFT
Q1 2024	303	$3.3B	BSX, LLY, IT, AMZN, MSFT