Calamos Wealth Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Calamos Wealth Management LLC reported 386 stock positions worth $2.9 billion. Its top holding was Apple (AAPL) at 7.5% of the portfolio, followed by Nvidia (NVDA, 6.2%) and iShares Core S&P 500 ETF (IVV, 6.2%). Compared with Q3 2025, it opened 54 new positions, sold out of 27, added to 179 and reduced 110. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale Texas Instruments (TXN, shares −98%).

Most Recent 13F
Q2 2026
Location
NAPERVILLE, IL
CIK
0001455258
Portfolio Value
$2.9B (Q4 2025)
SEC Filing
0001455258-26-000001 ↗ filed Jan 29, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.7B Q1 2024 Q2 2024: $1.8B Q2 2024 Q3 2024: $1.9B Q3 2024 Q4 2024: $2.0B Q4 2024 Q1 2025: $2.0B Q1 2025 Q2 2025: $2.3B Q2 2025 Q3 2025: $2.7B Q3 2025 Q4 2025: $2.9B $2.9B Q4 2025 Q1 2026: $2.9B Q1 2026 Q2 2026: $3.3B Q2 2026

Holdings 386 stocks · $2.9B
AAPL Apple Inc. 7.50% 789,875 $214.7M Add +0.6%
NVDA Nvidia Corp. 6.25% 958,351 $178.7M Add +7.2%
IVV iShares Core S&P 500 ETF 6.18% 258,021 $176.7M Reduce -0.2%
IVW iShares S&P 500 Growth ETF 4.79% 1,112,935 $137.2M Add +0.5%
MSFT Microsoft Corp. 4.63% 274,137 $132.6M Add +3.0%
IVE iShares S&P 500 Value ETF 4.34% 585,396 $124.1M Add +1.4%
GOOGL Alphabet Inc. Class A 4.10% 375,274 $117.5M Add +1.5%
AMZN Amazon.com Inc. 3.09% 382,625 $88.3M Add +3.4%
AVGO Broadcom Inc. 2.47% 204,121 $70.6M Add +5.0%
ACWX iShares MSCI Acwi Ex US ETF 2.30% 980,397 $65.8M Add +2.2%
IWV iShares Russell 3000 ETF 2.13% 157,379 $60.9M Reduce -11.6%
UITB Victoryshares Core Intermedi 1.89% 1,142,927 $54.1M Add +13.9%
META Meta Platforms Inc. Class A 1.56% 67,441 $44.5M Add +1.1%
LLY Eli Lilly & Co. 1.39% 36,951 $39.7M Add +17.4%
SPY SS SPDR S&P 500 ETF Trust-US 1.34% 56,054 $38.2M Reduce -7.7%
FESM Fidelity Enhanced Small Cap 1.24% 935,638 $35.3M Add +1.0%
IJR iShares Core S&P Small-Cap E 1.22% 289,321 $34.8M Add +0.5%
V Visa Inc. Class A 1.12% 91,676 $32.2M Add +1.4%
WMT Walmart Inc. 1.10% 281,906 $31.4M Add +3.5%
JNJ Johnson & Johnson 0.92% 127,048 $26.3M Reduce -0.7%
CAIE Calamos Autocallable Inc. ETF 0.89% 954,045 $25.5M Add +112.6%
JPM JPMorgan Chase & Co. 0.88% 78,517 $25.3M Add +0.6%
NFLX Netflix Inc. 0.88% 269,027 $25.2M Add +11.7%
GOOG Alphabet Inc. Class C 0.87% 79,628 $25.0M Add +3.1%
AMAT Applied Materials Inc. 0.83% 92,194 $23.7M Add +208.9%
AXP American Express Co. 0.79% 61,433 $22.7M Add +0.1%
BA The Boeing Co. 0.73% 96,012 $20.8M Reduce -1.0%
HD Home Depot Inc. 0.70% 58,438 $20.1M Reduce -14.4%
DHR Danaher Corp. 0.70% 87,042 $19.9M Add +1.7%
SO The Southern Co. 0.67% 218,922 $19.1M Reduce -0.6%
TSLA Tesla Inc. 0.66% 41,907 $18.8M Add +5.9%
ORCL Oracle Corp. 0.63% 93,167 $18.2M Add +38.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.63% 117,844 $18.1M Add +1.0%
CB Chubb Ltd. 0.61% 56,249 $17.6M Add +34.7%
PLD Prologis Inc. 0.61% 137,381 $17.5M Reduce -1.0%
WM Waste Management Inc. 0.61% 79,543 $17.5M Add +27.6%
DDOG Datadog Inc. Class A 0.58% 122,334 $16.6M Add +208.2%
AGG iShares Core U.S. Aggregate 0.58% 165,018 $16.5M Add +11.5%
WFC Wells Fargo & Co. 0.57% 175,425 $16.3M Reduce -19.9%
UBER Uber Technologies Inc. 0.57% 199,781 $16.3M Reduce -0.7%
CVX Chevron Corp. 0.57% 106,189 $16.2M Reduce -18.0%
EFA iShares MSCI Eafe ETF 0.56% 165,381 $15.9M Reduce -13.1%
BIL SS SPDR BB 1-3M T-Bill ETF 0.55% 171,583 $15.7M Add +13.5%
INTU Intuit Inc. 0.55% 23,669 $15.7M Add +557.6%
MS Morgan Stanley 0.54% 87,587 $15.5M Add +0.4%
DASH DoorDash Inc. Class A 0.53% 66,558 $15.1M Reduce -1.6%
SPGI S&P Global Inc. 0.51% 28,186 $14.7M Reduce -18.5%
ADI Analog Devices Inc. 0.50% 52,977 $14.4M Reduce -13.3%
DE Deere & Co. 0.49% 30,019 $14.0M Reduce -0.1%
LIN Linde PLC 0.48% 32,141 $13.7M Reduce -2.6%
ABNB Airbnb Inc. Class A 0.47% 98,905 $13.4M Add +2.0%
TSM Taiwan Semiconductor-SP ADR 0.47% 44,105 $13.4M Add +4.2%
SNOW Snowflake Inc. 0.46% 60,418 $13.3M Add +1.6%
SNPS Synopsys Inc. 0.46% 27,851 $13.1M Add +29.2%
RCL Royal Caribbean Cruises Ltd. 0.44% 44,689 $12.5M Reduce -1.1%
SYK Stryker Corp. 0.43% 35,165 $12.4M Reduce -3.0%
SHW The Sherwin-Williams Co. 0.43% 38,094 $12.3M Reduce -0.6%
TMUS T-Mobile US Inc. 0.43% 60,169 $12.2M Add +0.1%
IQV Iqvia Holdings Inc. 0.42% 52,910 $11.9M New
CP Canadian Pacific Kansas City 0.40% 153,882 $11.3M Reduce -0.2%
BSX Boston Scientific Corp. 0.39% 117,214 $11.2M Reduce -24.4%
MCO Moody's Corp. 0.37% 20,696 $10.6M Add +1.7%
NOW ServiceNow Inc. 0.36% 66,370 $10.2M Add +1.4%
BRK.B Berkshire Hathaway Inc. Class B 0.34% 19,136 $9.6M Add +22.4%
IEFA iShares Core MSCI Eafe ETF 0.33% 106,234 $9.5M Reduce -3.0%
USMV iShares MSCI USA Min Vol Fac 0.31% 95,191 $9.0M Add +0.3%
NEE Nextera Energy Inc. 0.31% 110,283 $8.9M Add +1.4%
VOO Vanguard S&P 500 ETF 0.28% 12,776 $8.0M Add +7.8%
LRCX Lam Research Corp. 0.28% 46,392 $7.9M Add +56.4%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.27% 455,631 $7.6M Reduce -10.0%
COST Costco Wholesale Corp. 0.26% 8,564 $7.4M Add +4.1%
QQQ Invesco QQQ Trust Series 1 0.26% 11,978 $7.4M Add +25.6%
VTI VG Morningstar TS MKT ETF-US 0.26% 21,947 $7.4M Add +0.5%
GS Goldman Sachs Group Inc. 0.23% 7,546 $6.6M Reduce -6.3%
IWF iShares Russell 1000 Growth 0.23% 13,766 $6.5M Add +0.6%
SHV iShares 0-1 Year Treasury Bo 0.21% 54,863 $6.0M Add +3.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.20% 20,189 $5.9M Add +0.1%
APP AppLovin Corp. Class A 0.20% 8,597 $5.8M Reduce -2.4%
XOM Exxon Mobil Corp. 0.18% 43,676 $5.3M Add +2.2%
SHOP Shopify Inc. Class A 0.17% 30,964 $5.0M Add +42.6%
VB Vanguard Most SM-Cap ETF-Usd 0.16% 17,855 $4.6M No change
MCK McKesson Corp. 0.16% 5,551 $4.6M Add +3.1%
PTON Peloton Interactive Inc. Class A 0.16% 725,202 $4.5M Add +0.0%
BCS Barclays PLC-Spons ADR 0.15% 170,341 $4.3M Add +36.6%
VEEV Veeva Systems Inc. Class A 0.15% 19,149 $4.3M Add +0.2%
EEM iShares MSCI Emerging Market 0.15% 78,033 $4.3M Reduce -24.2%
IX Orix - Sponsored ADR filed as ORIX CORP 0.14% 140,402 $4.1M New
IWB iShares Russell 1000 ETF 0.14% 10,936 $4.1M Add +5.2%
CANQ Calamos Nasdaq Equity & Inco 0.14% 134,448 $4.0M Add +252.0%
RSP Invesco S&P 500 Equal Weight 0.14% 20,431 $3.9M Reduce -41.8%
UNH Unitedhealth Group Inc. 0.14% 11,814 $3.9M Add +20.0%
BABA Alibaba Group Holding-SP ADR 0.13% 26,040 $3.8M Add +12.1%
MA Mastercard Inc. Class A 0.13% 6,404 $3.7M Add +1.2%
GE General Electric filed as GE AEROSPACE 0.13% 11,839 $3.6M Add +3.8%
SAN Banco Santander SA-Spon ADR 0.13% 309,079 $3.6M Add +5.8%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.13% 41,900 $3.6M Add +5.8%
CPSA Calamos SP500 Strct Alt-Aug 0.13% 133,420 $3.6M Reduce -6.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 63,980 $3.5M Add +14.9%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.12% 53,706 $3.5M New
LMT Lockheed Martin Corp. 0.12% 7,235 $3.5M Add +0.5%
ABBV Abbvie Inc. 0.12% 14,875 $3.4M Add +1.0%
CPST Calamos S&P 500 Alt Sept 0.12% 125,519 $3.4M Reduce -8.0%
ASML ASML Holding NV-NY Reg SHS 0.12% 3,148 $3.4M Add +4.6%
PG The Procter & Gamble Co. 0.12% 23,021 $3.3M Reduce -0.1%
SMFG Sumitomo Mitsui-Spons ADR 0.11% 159,424 $3.1M Add +5.8%
BRK.A Berkshire Hathaway Inc. Class A 0.11% 4 $3.0M Add +33.3%
KLAC KLA Corp. 0.11% 2,484 $3.0M Add +14.4%
AZN Astrazeneca PLC-Spons ADR 0.10% 31,549 $2.9M New
AGI Alamos Gold Inc. Class A 0.10% 75,066 $2.9M Add +0.6%
CAT Caterpillar Inc. 0.10% 4,851 $2.8M Add +17.7%
CCJ Cameco Corp. 0.10% 29,706 $2.7M Add +35.3%
CLS Celestica Inc. 0.09% 9,108 $2.7M Reduce -38.1%
CPSD CLMS S&P STR Alt Dec 0.09% 102,449 $2.7M Add +7.4%
FTI Technipfmc PLC 0.09% 58,792 $2.6M Reduce -22.7%
ANET Arista Networks Inc. 0.09% 19,867 $2.6M Reduce -2.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 8,490 $2.5M Add +1.9%
BSV Vanguard Short-Term Bond ETF 0.09% 31,382 $2.5M Reduce -11.5%
ACN Accenture PLC Class A 0.08% 8,706 $2.3M Reduce -5.8%
CSCO Cisco Systems Inc. 0.08% 30,085 $2.3M Add +24.8%
CPSJ Calamos S&P 500 Sap ETF July 0.08% 85,323 $2.3M Reduce -6.9%
RTX RTX Corp. 0.08% 12,413 $2.3M Reduce -2.2%
MU Micron Technology Inc. 0.08% 7,872 $2.2M Add +24.4%
HEI Heico Corp. 0.07% 6,571 $2.1M Add +319.3%
IEMG iShares Core MSCI Emerging 0.07% 30,978 $2.1M Add +1.2%
SONY Sony Group Corp. - SP ADR 0.07% 79,596 $2.0M New
HDV iShares Core High Dividend E 0.07% 16,719 $2.0M No change
MRK Merck & Co. Inc. 0.07% 19,290 $2.0M Add +22.4%
XLY SS Consumer Disc Select Sect 0.07% 16,962 $2.0M Add +7.2%
PWR Quanta Services Inc. 0.07% 4,716 $2.0M Add +33.5%
MUB iShares National Muni Bond E 0.07% 18,394 $2.0M Add +242.7%
SMH Vaneck Semiconductor ETF 0.07% 5,338 $1.9M Add +12.3%
MCD McDonald's Corp. 0.07% 6,283 $1.9M Reduce -1.1%
AMGN Amgen Inc. 0.07% 5,801 $1.9M Reduce -0.2%
CPSR Cal S&P 500 St Alt P ETF - M 0.07% 75,130 $1.9M Reduce -3.5%
NET Cloudflare Inc. Class A 0.06% 9,270 $1.8M Add +0.2%
IBIT iShares Bitcoin Trust ETF 0.06% 36,236 $1.8M Reduce -26.4%
IWD iShares Russell 1000 Value E 0.06% 8,476 $1.8M Add +1.6%
VGT Vanguard Info Tech ETF 0.06% 2,355 $1.8M Add +222.6%
IGIB iShares 5-10Y Inv Grade Corp. 0.06% 32,929 $1.8M No change
IJH iShares Core S&P Midcap ETF 0.06% 26,819 $1.8M Add +3.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 15,281 $1.7M Add +13.4%
IGSB iShares 1-5Y Inv Grade Corp. 0.06% 32,201 $1.7M Reduce -31.4%
CSQ Calamos Strat TTL RTRN FND 0.06% 85,160 $1.6M No change
CPSF Calms S&P 500 S PR ETF - Feb 0.06% 63,625 $1.6M Reduce -5.9%
ABT Abbott Laboratories 0.06% 12,908 $1.6M Reduce -19.9%
PFE Pfizer Inc. 0.06% 64,195 $1.6M Add +1.1%
CRM Salesforce Inc. 0.05% 5,930 $1.6M Add +93.8%
CPNS Calamos NSDQ 100 Alt Sept 0.05% 56,292 $1.5M Reduce -25.0%
INTC Intel Corp. 0.05% 41,424 $1.5M Reduce -12.0%
HII Huntington Ingalls Industrie 0.05% 4,471 $1.5M Reduce -12.2%
PEP Pepsico Inc. 0.05% 10,206 $1.5M Add +5.7%
VGLT Vanguard Long-Term Treasury 0.05% 25,850 $1.4M Reduce -61.1%
XLK SS Technology Select Sector 0.05% 10,016 $1.4M Reduce -2.9%
IWR iShares Russell Mid-Cap ETF 0.05% 14,975 $1.4M Reduce -4.1%
VXUS Vanguard Total Intl Stock 0.05% 19,040 $1.4M No change
GLD SPDR Gold Shares 0.05% 3,619 $1.4M Add +14.5%
BKNG Booking Holdings Inc. 0.05% 266 $1.4M Add +18.8%
C Citigroup Inc. 0.05% 12,158 $1.4M Add +28.0%
LOW Lowe's Cos Inc. 0.05% 5,869 $1.4M Reduce -0.8%
R Ryder System Inc. 0.05% 7,359 $1.4M New
CAIQ Calamos Nasdaq Autocall ETF 0.05% 54,520 $1.4M New
TRV The Travelers Cos Inc. 0.05% 4,773 $1.4M Add +6.7%
MDT Medtronic PLC 0.05% 13,996 $1.3M Add +11.2%
CPSP Calamos S&P 500 STR Alt Apr 0.05% 51,308 $1.3M Reduce -2.3%
AMD Advanced Micro Devices 0.05% 6,115 $1.3M Add +9.0%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.04% 80,843 $1.3M Reduce -5.7%
GEV GE Vernova Inc. 0.04% 1,951 $1.3M Reduce -2.5%
T AT&T Inc. 0.04% 50,877 $1.3M Add +15.2%
ENVA Enova International Inc. 0.04% 7,816 $1.2M No change
CPRJ Calamos Russ 2000 STR Al-Jul 0.04% 45,858 $1.2M Reduce -9.1%
SBUX Starbucks Corp. 0.04% 14,484 $1.2M Add +1.0%
ALL Allstate Corp. 0.04% 5,754 $1.2M Add +8.1%
CPRO Cals Rus 2000 S A P ETF Oct 0.04% 43,579 $1.2M Add +95.8%
COF Capital One Financial Corp. 0.04% 4,728 $1.1M Add +3.4%
PLTR Palantir Technologies Inc. Class A 0.04% 6,406 $1.1M Add +13.2%
TMO Thermo Fisher Scientific Inc. 0.04% 1,928 $1.1M Add +29.8%
VONG Vanguard Russell 1000 Growth 0.04% 9,123 $1.1M Add +84.5%
HEI.A Heico Corp. Class A 0.04% 4,326 $1.1M New
TQQQ Proshares Ultrapro QQQ 0.04% 20,610 $1.1M New
KO The Coca-Cola Co. 0.04% 15,413 $1.1M Add +3.9%
CL Colgate-Palmolive Co. 0.04% 13,513 $1.1M Reduce -14.2%
MELI MercadoLibre Inc. 0.04% 526 $1.1M Reduce -62.5%
BX Blackstone Inc. 0.04% 6,853 $1.1M Add +4.4%
ED Consolidated Edison Inc. 0.04% 10,483 $1.0M Add +4.4%
IWM iShares Russell 2000 ETF 0.04% 4,195 $1.0M Reduce -4.2%
PGNY Progyny Inc. 0.04% 40,000 $1.0M No change
ROK Rockwell Automation Inc. 0.04% 2,636 $1.0M Add +168.4%
QUAL iShares MSCI USA Quality Fac 0.04% 5,141 $1.0M Add +8.5%
SDY SS SPDR S&P Dividend ETF 0.03% 7,150 $995K Reduce -3.0%
PFF iShares Preferred & Income S 0.03% 31,992 $990K Add +173.0%
SHY iShares 1-3 Year Treasury Bo 0.03% 11,908 $986K No change
IGV iShares Expanded Tech-Softwa 0.03% 9,300 $983K No change
UNP Union Pacific Corp. 0.03% 4,164 $963K Add +12.3%
NYF iShares New York Muni Bond E 0.03% 17,592 $941K Reduce -5.0%
MO Altria Group Inc. 0.03% 16,059 $926K Reduce -20.0%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.03% 3,226 $901K No change
EQIX Equinix Inc. 0.03% 1,165 $893K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 4,653 $889K Reduce -9.6%
MKL Markel Group Inc. 0.03% 402 $864K Add +0.5%
CPSN Cal S&P 500 Sr At PR ETF - N 0.03% 31,988 $861K Add +227.4%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 1,784 $836K Add +22.1%
PM Philip Morris International 0.03% 5,203 $835K Reduce -4.3%
SJNK SS SPDR BB St Hi Yield ETF 0.03% 32,936 $834K Add +22.4%
XOP SS SPDR S&P Og Exp & Prod 0.03% 6,600 $833K No change
VIG Vanguard Dividend Apprec ETF 0.03% 3,765 $827K No change
JBL Jabil Inc. 0.03% 3,563 $812K Add +186.0%
COIN Coinbase Global Inc. Class A 0.03% 3,574 $808K Add +68.9%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.03% 4,517 $801K Add +7.8%
CSX CSX Corp. 0.03% 21,638 $784K Add +49.7%
EMR Emerson Electric Co. 0.03% 5,883 $781K Add +5.2%
CPSL Calm Lad S&P 500 STR A P ETF 0.03% 28,319 $770K New
QCOM Qualcomm Inc. 0.03% 4,486 $767K Add +18.0%
HON Honeywell International Inc. 0.03% 3,933 $767K Reduce -0.1%
VZ Verizon Communications Inc. 0.03% 18,789 $765K Reduce -15.6%
CPNJ Calamos NSDQ100 Alt ETF 0.03% 28,058 $757K Reduce -11.6%
MPC Marathon Petroleum Corp. 0.03% 4,650 $756K Reduce -20.5%
RSG Republic Services Inc. 0.03% 3,546 $752K Reduce -25.3%
VEU Vanguard Ftse All-World Ex-U 0.03% 9,840 $724K Reduce -7.5%
CPRY Clmos R 2000 S A P ETF - Jan 0.03% 26,672 $720K Reduce -7.0%
VST Vistra Corp. 0.02% 4,413 $712K Reduce -13.5%
CPSO Calamos S&P 500 Alt Prot Oct 0.02% 25,915 $701K Add +66.1%
IUSG iShares Core S&P U.S. Growth 0.02% 4,171 $700K No change
AXON Axon Enterprise Inc. 0.02% 1,222 $694K Reduce -8.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 1,399 $683K Reduce -4.9%
CPRA CLMS RSL 2000 S A P ETF -Apr 0.02% 25,684 $682K Add +1.6%
CVS CVS Health Corp. 0.02% 8,522 $676K Add +30.5%
MOS The Mosaic Co. 0.02% 27,957 $673K No change
CPNQ Cal Nasdaq 100 St Alt PR 0.02% 24,855 $660K Add +57.5%
ONEQ Fidelity Nasdaq Comp Indx 0.02% 7,160 $654K Add +0.1%
PH Parker Hannifin Corp. 0.02% 740 $650K Add +1.4%
NVS Novartis AG-Sponsored ADR 0.02% 4,646 $641K Add +0.5%
WMB Williams Cos Inc. 0.02% 10,477 $630K Add +25.0%
SCHD Schwab US DVD Equity ETF 0.02% 22,551 $619K Add +11.5%
XLV SS Health Care Select Sector 0.02% 3,961 $613K Add +44.5%
RSPT Invesco S&P 500 Equal Weight 0.02% 13,270 $604K No change
ITOT iShares Core S&P Total U.S. 0.02% 3,998 $594K Add +8.8%
ITW Illinois Tool Works 0.02% 2,413 $594K New
AEP American Electric Power 0.02% 5,076 $585K Add +33.4%
CME Cme Group Inc. 0.02% 2,135 $583K Reduce -2.5%
SOFI Sofi Technologies Inc. 0.02% 21,339 $559K Add +0.2%
CPNM Class ND 100 St At PR ETF - Mar 0.02% 21,297 $554K No change
SCHW Schwab (charles) Corp. 0.02% 5,472 $547K Reduce -14.0%
HUBB Hubbell Inc. 0.02% 1,226 $544K Reduce -6.6%
FTEC Fidelity MSCI Info Tech Indx 0.02% 2,400 $539K No change
NSC Norfolk Southern Corp. 0.02% 1,837 $530K Add +10.1%
TFC Truist Financial Corp. 0.02% 10,734 $528K Add +13.4%
UPRO Proshares Ultrapro S&P 500 0.02% 4,562 $528K Add +44.1%
CPSM Calamos SP500 STR Alt Promay 0.02% 18,156 $520K No change
XLE SS Energy Select Sector 0.02% 11,581 $518K Add +27.8%
SLV iShares Silver Trust 0.02% 8,000 $515K No change
DUK Duke Energy Corp. 0.02% 4,109 $482K Reduce -21.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.02% 1,001 $481K No change
UPS United Parcel Service Class B 0.02% 4,822 $478K Add +8.8%
FTNT Fortinet Inc. 0.02% 5,929 $471K Add +16.3%
ICE Intercontinental Exchange Inc. 0.02% 2,852 $462K Add +4.6%
CWB SS SPDR BB Conv Sec ETF 0.02% 5,121 $457K New
PANW Palo Alto Networks Inc. 0.02% 2,475 $456K Add +41.5%
CBTJ Calamos Bitcoin 80 P ETF Jan 0.02% 20,812 $455K Reduce -16.2%
VEA Vanguard Ftse Developed ETF 0.02% 7,281 $455K Add +5.3%
PRU Prudential Financial Inc. 0.02% 3,990 $450K Add +0.4%
IPGP Ipg Photonics Corp. 0.02% 6,286 $450K No change
FCX Freeport-McMoran Inc. 0.02% 8,790 $446K Add +0.3%
CMG Chipotle Mexican Grill Inc. 0.02% 11,977 $443K New
VGIT Vanguard Intermediate-Term T 0.02% 7,376 $442K No change
MPWR Monolithic Power Systems Inc. 0.02% 480 $435K Reduce -11.4%
BLK BlackRock Inc. 0.02% 404 $432K Reduce -27.6%
ADSK Autodesk Inc. 0.01% 1,442 $427K New
EOG EOG Resources Inc. 0.01% 4,064 $427K Add +24.2%
ISRG Intuitive Surgical Inc. 0.01% 736 $417K New
ECL Ecolab Inc. 0.01% 1,582 $415K Add +7.3%
MAR Marriott International Class A 0.01% 1,332 $413K Reduce -17.0%
MRSH Marsh & McLennan Cos 0.01% 2,203 $409K Reduce -96.0%
SEE Sealed Air Corp. 0.01% 9,799 $406K New
IJJ iShares S&P Mid-Cap 400 Valu 0.01% 3,078 $405K Add +22.6%
DG Dollar General Corp. 0.01% 3,029 $402K New
PGR Progressive Corp. 0.01% 1,763 $401K Reduce -17.9%
COR Cencora Inc. 0.01% 1,182 $399K Add +2.0%
FSEC Fidelity Invest GRD Secur 0.01% 8,963 $396K No change
SCHF Schwab Intl Equity ETF 0.01% 16,250 $391K Add +45.0%
CBTY Calamos Bitcoin 80 STR-Jul 0.01% 17,655 $388K Add +0.1%
CPSY Calamos S&P 500 Sap ETF Jan 0.01% 15,385 $386K No change
BMY Bristol-Myers Squibb Co. 0.01% 7,076 $382K Reduce -0.1%
GILD Gilead Sciences Inc. 0.01% 3,092 $380K Reduce -12.8%
CEG Constellation Energy 0.01% 1,070 $378K New
VYM Vanguard High DVD Yield ETF 0.01% 2,592 $372K Reduce -2.6%
CNP Centerpoint Energy Inc. 0.01% 9,691 $372K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 3,176 $369K Add +3.7%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.01% 9,657 $367K Reduce -1.9%
IAU iShares Gold Trust 0.01% 4,486 $364K Add +44.1%
BFH Bread Financial Holdings Inc. 0.01% 4,889 $362K No change
DVY iShares Select Dividend ETF 0.01% 2,533 $358K No change
GEN Gen Digital Inc. 0.01% 13,112 $357K Add +4.2%
PSX Phillips 66 0.01% 2,681 $346K New
TEL Te Connectivity PLC 0.01% 1,513 $344K Add +18.0%
ADP Automatic Data Processing 0.01% 1,337 $344K Add +50.2%
NOC Northrop Grumman Corp. 0.01% 598 $341K Add +3.5%
HCA HCA Healthcare Inc. 0.01% 729 $340K New
SROI Calms Antko GLB Sust Eqy ETF 0.01% 10,130 $340K No change
EW Edwards Lifesciences Corp. 0.01% 3,961 $338K Add +1.3%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.01% 1,837 $335K New
PTC PTC Inc. 0.01% 1,920 $334K Add +17.3%
FHLC Fidelity MSCI Health Care 0.01% 4,486 $333K No change
MSI Motorola Solutions Inc. 0.01% 864 $331K Reduce -1.5%
EFV iShares MSCI Eafe Value ETF 0.01% 4,519 $323K New
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.01% 1,023 $322K New
AMT American Tower Corp. 0.01% 1,827 $321K Reduce -3.0%
AIQ Global X Art Intel & Tech 0.01% 6,291 $320K New
LYV Live Nation Entertainment Inc. 0.01% 2,241 $319K Add +1.5%
WWD Woodward Inc. 0.01% 1,051 $318K Add +0.2%
ICVT iShares Convertible Bond ETF 0.01% 3,218 $317K New
AEM Agnico Eagle Mines Ltd. 0.01% 1,865 $316K New
KMB Kimberly-Clark Corp. 0.01% 3,113 $314K Add +0.2%
KR Kroger Co. 0.01% 5,026 $314K New
TER Teradyne Inc. 0.01% 1,600 $310K New
APH Amphenol Corp. Class A 0.01% 2,280 $308K Add +2.8%
MNST Monster Beverage Corp. 0.01% 4,018 $308K Add +1.5%
HWM Howmet Aerospace Inc. 0.01% 1,487 $305K Add +44.2%
ZM Zoom Communications Inc. 0.01% 3,519 $304K Reduce -7.6%
LHX L3HARRIS Technologies Inc. 0.01% 1,033 $303K New
VWO Vanguard Ftse Emerging Marke 0.01% 5,574 $300K No change
AIG American International Group 0.01% 3,494 $299K Add +13.5%
AVUS Avantis U.S. Equity ETF 0.01% 2,673 $299K No change
SOXL Direx Dail Semi Bu 3X Et-Usd 0.01% 7,096 $298K No change
MDLZ Mondelez International Inc. Class A 0.01% 5,474 $295K New
VRTX Vertex Pharmaceuticals Inc. 0.01% 648 $294K New
KKR KKR & Co. Inc. 0.01% 2,292 $292K Add +8.7%
CBXY Cal Bit 90 S S Alt Pro ETF J 0.01% 12,569 $291K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 5,639 $287K Reduce -24.6%
MMM 3M Co. 0.01% 1,784 $286K Reduce -14.5%
VFH Vanguard Financials ETF 0.01% 2,126 $284K New
DGRO iShares Core Dividend Growth 0.01% 4,080 $283K No change
IDXX Idexx Laboratories Inc. 0.01% 416 $281K New
ZTS Zoetis Inc. 0.01% 2,199 $277K Reduce -8.9%
FELG Fidelity Enh LRG Cap GWTH 0.01% 6,600 $275K No change
RNG Ringcentral Inc. Class A 0.01% 9,502 $274K Reduce -5.4%
CBTO Calamos Bitcoin 80 STR-Oct 0.01% 11,932 $273K New
IGM iShares Expanded Tech Sector 0.01% 2,100 $271K No change
GM General Motors Co. 0.01% 3,232 $263K New
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 635 $262K No change
SPG Simon Property Group Inc. 0.01% 1,414 $262K New
ETN Eaton Corp. PLC 0.01% 818 $261K Reduce -97.2%
NXPI NXP Semiconductors NV 0.01% 1,196 $260K Reduce -15.9%
CDNS Cadence Design SYS Inc. 0.01% 828 $259K Add +9.4%
VHT Vanguard Health Care ETF 0.01% 899 $259K No change
TRMB Trimble Inc. 0.01% 3,262 $256K Add +0.4%
XLF SS Financial Select Sector 0.01% 4,635 $254K New
AIZ Assurant Inc. 0.01% 1,052 $253K Reduce -0.8%
PNC PNC Financial Services Group 0.01% 1,212 $253K Add +4.8%
AMP Ameriprise Financial Inc. 0.01% 512 $251K New
TXN Texas Instruments Inc. 0.01% 1,432 $248K Reduce -98.4%
RSPN Invesco S&P 500 Equal Weight 0.01% 4,387 $248K No change
ET Energy Transfer LP 0.01% 15,062 $248K Add +0.4%
CHD Church & Dwight Co. Inc. 0.01% 2,956 $248K Reduce -10.3%
AME Ametek Inc. 0.01% 1,193 $245K Reduce -0.8%
VNQ Vanguard Real Estate ETF 0.01% 2,765 $245K Reduce -7.2%
IWS iShares Russell Mid-Cap Valu 0.01% 1,726 $243K Add +1.2%
FDX FedEx Corp. 0.01% 837 $242K New
FICO Fair Isaac Corp. 0.01% 143 $242K New
CCK Crown Holdings Inc. 0.01% 2,313 $238K New
ESTC Elastic NV 0.01% 3,083 $233K Reduce -5.2%
PEG Public Service Enterprise GP 0.01% 2,896 $233K Reduce -6.3%
PCAR Paccar Inc. 0.01% 2,094 $229K New
MSTR Strategy Inc. 0.01% 1,507 $229K Reduce -2.6%
ADBE Adobe Inc. 0.01% 653 $229K Add +11.4%
PEGA Pegasystems Inc. 0.01% 3,706 $221K Reduce -30.3%
FELC Fidelity Enh LRG Cap Cor ETF 0.01% 5,786 $221K New
XYL Xylem Inc. 0.01% 1,615 $220K New
IBDR iShares Ibonds Dec 2026 Term 0.01% 9,060 $220K No change
WDC Western Digital Corp. 0.01% 1,271 $219K New
FNB FNB Corp. 0.01% 12,802 $219K Reduce -0.8%
Q Qnity Electronics Inc. 0.01% 2,659 $217K New
KHC The Kraft Heinz Co. 0.01% 8,770 $213K Reduce -6.3%
WPM Wheaton Precious Metals Corp. 0.01% 1,793 $211K New
JCI Johnson Controls Internation 0.01% 1,754 $210K New
ROL Rollins Inc. 0.01% 3,467 $208K New
IUSV iShares Core S&P U.S. Value 0.01% 2,013 $206K No change
WELL Welltower Inc. 0.01% 1,109 $206K New
VLO Valero Energy Corp. 0.01% 1,263 $206K Reduce -17.4%
CATH Global X S&P 500 Ca Val ETF 0.01% 2,496 $205K No change
USB US Bancorp 0.01% 3,831 $204K Reduce -50.0%
MTZ Mastec Inc. 0.01% 924 $201K New
CBOE Cboe Global Markets Inc. 0.01% 799 $201K New
XLC SS Comm Select Sector SPDR 0.01% 1,700 $200K New
ENVX Enovix Corp. 0.00% 10,600 $77K Add +5.0%
PLUG Plug Power Inc. 0.00% 30,000 $59K Add +50.0%
CGEN Compugen Ltd. 0.00% 29,500 $45K No change

Options reported separately and not counted above: META puts ($9.4M), AAPL puts ($1.2M), SPY calls ($1.1M), NOW puts ($460K), IBIT calls ($325K), NVDA puts ($317K), GDX calls ($306K), AVGO puts ($264K), ORCL puts ($253K), SHOP puts ($238K), META calls ($220K), AMZN puts ($220K), and 3 more.

Other holdings (69): bonds, preferreds, convertibles and warrants · $25.3M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 15,896$1.1MAdd +9.4%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 358,000$1.0MReduce -30.9%
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal 886,000$966KAdd +56.0%
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 720,000$922KReduce -0.3%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 515,000$845KReduce -0.4%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 12,657$844KReduce -0.3%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 249,000$836KReduce -39.6%
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 726,000$779KReduce -6.3%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 703,000$772KReduce -0.4%
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 722,000$745KReduce -0.3%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 520,000$661KReduce -2.1%
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal 616,000$659KReduce -0.2%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 8,200$619KReduce -0.5%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 452,000$588KNew
LYFT INC (LYFT 0.625 03/01/29) NOTE 0.625% 3/0 · principal 465,000$560KReduce -6.1%
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD 10,101$557KReduce -0.5%
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 455,000$518KReduce -10.4%
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 465,000$478KReduce -3.9%
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 104,000$477KAdd +1.0%
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal 395,000$477KReduce -11.4%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 8,058$470KReduce -0.2%
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 292,000$453KReduce -1.0%
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 6,700$398KNew
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 314$393KAdd +0.6%
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 308,000$383KAdd +1.0%
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 385,000$381KReduce -6.1%
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 322,000$350KReduce -16.4%
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 217,000$337KAdd +0.9%
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 316,000$328KNew
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal 298,000$328KAdd +365.6%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 253,000$319KAdd +0.8%
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal 213,000$318KAdd +1.4%
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal 285,000$314KNew
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 261,000$306KAdd +1.2%
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 267,000$305KAdd +0.8%
SNAP INC (SNAP 0.5 05/01/30) NOTE 0.500% 5/0 · principal 342,000$300KAdd +0.9%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 262,000$283KAdd +1.2%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal 261,000$272KReduce -2.3%
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 4,759$246KReduce -1.0%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 145,000$231KAdd +0.7%
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) MTNF 0.600% 5/2 · principal 209,000$227KAdd +1.0%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 221,000$224KAdd +0.5%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 221,000$222KReduce -0.5%
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 2,800$221KNo change
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 4,137$214KAdd +0.8%
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 178,000$213KAdd +0.6%
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 90,000$207KAdd +1.1%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 36,000$192KReduce -56.1%
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 125,000$177KAdd +0.8%
DATADOG INC (DDOG 0 12/01/29) NOTE 12/0 · principal 167,000$167KNew
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 158,000$156KNew
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 150,000$155KReduce -24.6%
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal 142,000$143KAdd +0.7%
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 124,000$140KAdd +0.8%
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 111,000$136KAdd +0.9%
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal 113,000$126KNew
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 61,000$115KAdd +1.7%
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 111,000$115KReduce -75.8%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 125,000$115KReduce -2.3%
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 110,000$109KReduce -16.0%
ITRON INC (ITRI 0 03/15/26) NOTE 3/1 · principal 109,000$108KReduce -16.1%
VARONIS SYSTEM INC (VRNS 1 09/15/29) NOTE 1.000% 9/1 · principal 106,000$99KReduce -27.4%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 101,000$98KReduce -26.3%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 66,000$97KNo change
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal 103,000$97KReduce -26.9%
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal 80,000$87KNew
ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) NOTE 4.250%11/1 · principal 56,000$85KNew
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 53,000$77KReduce -54.7%
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 70,000$68KReduce -27.8%

Total filed on the 13F, all lines: $2.9B.

Portfolio Sells Q3 2025 → Q4 2025
TXN Texas Instruments Inc. Reduce -98.4% 0.01% −0.60
SPOT Spotify Technology SA Sold out 0.00% −0.49
MRSH Marsh & McLennan Cos Reduce -96.0% 0.01% −0.39
ETN Eaton Corp. PLC Reduce -97.2% 0.01% −0.39
APO Apollo Global Management Inc. Sold out 0.00% −0.35
IWV iShares Russell 3000 ETF Reduce -11.6% 2.13% −0.34
HD Home Depot Inc. Reduce -14.4% 0.70% −0.31
CVX Chevron Corp. Reduce -18.0% 0.57% −0.17
BSX Boston Scientific Corp. Reduce -24.4% 0.39% −0.16
UBER Uber Technologies Inc. Reduce -0.7% 0.57% −0.15
IVV iShares Core S&P 500 ETF Reduce -0.2% 6.18% −0.15
DASH DoorDash Inc. Class A Reduce -1.6% 0.53% −0.15
SPY SS SPDR S&P 500 ETF Trust-US Reduce -7.7% 1.34% −0.14
SAP Sap SE-Sponsored ADR Sold out 0.00% −0.13
NBIS Nebius Group NV Sold out 0.00% −0.11
RSP Invesco S&P 500 Equal Weight Reduce -41.8% 0.14% −0.11
SPGI S&P Global Inc. Reduce -18.5% 0.51% −0.10
WFC Wells Fargo & Co. Reduce -19.9% 0.57% −0.10
RCL Royal Caribbean Cruises Ltd. Reduce -1.1% 0.44% −0.10
SO The Southern Co. Reduce -0.6% 0.67% −0.10
EFA iShares MSCI Eafe ETF Reduce -13.1% 0.56% −0.09
LIN Linde PLC Reduce -2.6% 0.48% −0.09
SE Sea Ltd.-ADR Sold out 0.00% −0.09
TME Tencent Music Entertainm-ADR Sold out 0.00% −0.09
VGLT Vanguard Long-Term Treasury Reduce -61.1% 0.05% −0.09
IBN Icici Bank Ltd.-Spon ADR Sold out 0.00% −0.09
MELI MercadoLibre Inc. Reduce -62.5% 0.04% −0.08
SYK Stryker Corp. Reduce -3.0% 0.43% −0.06
IBIT iShares Bitcoin Trust ETF Reduce -26.4% 0.06% −0.05
SHW The Sherwin-Williams Co. Reduce -0.6% 0.43% −0.05
EEM iShares MSCI Emerging Market Reduce -24.2% 0.15% −0.05
ADI Analog Devices Inc. Reduce -13.3% 0.50% −0.05
CLS Celestica Inc. Reduce -38.1% 0.09% −0.04
BA The Boeing Co. Reduce -1.0% 0.73% −0.04
IGSB iShares 1-5Y Inv Grade Corp. Reduce -31.4% 0.06% −0.03
NU Nu Holdings Ltd./Cayman Isl-A Reduce -10.0% 0.27% −0.03
APP AppLovin Corp. Class A Reduce -2.4% 0.20% −0.03
CP Canadian Pacific Kansas City Reduce -0.2% 0.40% −0.02
ABT Abbott Laboratories Reduce -19.9% 0.06% −0.02
CPNS Calamos NSDQ 100 Alt Sept Reduce -25.0% 0.05% −0.02
COP Conocophillips Sold out 0.00% −0.02
ENPH Enphase Energy Inc. Sold out 0.00% −0.02
FTI Technipfmc PLC Reduce -22.7% 0.09% −0.02
ANET Arista Networks Inc. Reduce -2.8% 0.09% −0.02
TTC Toro Co. Sold out 0.00% −0.02
IEFA iShares Core MSCI Eafe ETF Reduce -3.0% 0.33% −0.02
FISV Fiserv Inc. Sold out 0.00% −0.02
UBS UBS Group AG-Reg Sold out 0.00% −0.02
MO Altria Group Inc. Reduce -20.0% 0.03% −0.02
BSV Vanguard Short-Term Bond ETF Reduce -11.5% 0.09% −0.02

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +1.5% 4.10% +0.82
AMAT Applied Materials Inc. Add +208.9% 0.83% +0.60
LLY Eli Lilly & Co. Add +17.4% 1.39% +0.51
INTU Intuit Inc. Add +557.6% 0.55% +0.46
CAIE Calamos Autocallable Inc. ETF Add +112.6% 0.89% +0.44
IQV Iqvia Holdings Inc. New 0.42% +0.42
DDOG Datadog Inc. Class A Add +208.2% 0.58% +0.37
AAPL Apple Inc. Add +0.6% 7.50% +0.20
GOOG Alphabet Inc. Class C Add +3.1% 0.87% +0.19
CB Chubb Ltd. Add +34.7% 0.61% +0.18
NVDA Nvidia Corp. Add +7.2% 6.25% +0.15
UITB Victoryshares Core Intermedi Add +13.9% 1.89% +0.15
IX Orix - Sponsored ADR New 0.14% +0.14
LRCX Lam Research Corp. Add +56.4% 0.28% +0.13
AVGO Broadcom Inc. Add +5.0% 2.47% +0.12
AKRE Akre Focus ETF New 0.12% +0.12
AMZN Amazon.com Inc. Add +3.4% 3.09% +0.12
WM Waste Management Inc. Add +27.6% 0.61% +0.11
AZN Astrazeneca PLC-Spons ADR New 0.10% +0.10
CANQ Calamos Nasdaq Equity & Inco Add +252.0% 0.14% +0.10
DHR Danaher Corp. Add +1.7% 0.70% +0.08
WMT Walmart Inc. Add +3.5% 1.10% +0.07
SONY Sony Group Corp. - SP ADR New 0.07% +0.07
SNPS Synopsys Inc. Add +29.2% 0.46% +0.07
BCS Barclays PLC-Spons ADR Add +36.6% 0.15% +0.06
SHOP Shopify Inc. Class A Add +42.6% 0.17% +0.06
HEI Heico Corp. Add +319.3% 0.07% +0.06
R Ryder System Inc. New 0.05% +0.05
AXP American Express Co. Add +0.1% 0.79% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +22.4% 0.34% +0.05
CAIQ Calamos Nasdaq Autocall ETF New 0.05% +0.05
QQQ Invesco QQQ Trust Series 1 Add +25.6% 0.26% +0.05
MUB iShares National Muni Bond E Add +242.7% 0.07% +0.05
VGT Vanguard Info Tech ETF Add +222.6% 0.06% +0.04
BIL SS SPDR BB 1-3M T-Bill ETF Add +13.5% 0.55% +0.04
MU Micron Technology Inc. Add +24.4% 0.08% +0.04
ABNB Airbnb Inc. Class A Add +2.0% 0.47% +0.04
HEI.A Heico Corp. Class A New 0.04% +0.04
TQQQ Proshares Ultrapro QQQ New 0.04% +0.04
MS Morgan Stanley Add +0.4% 0.54% +0.04
TSM Taiwan Semiconductor-SP ADR Add +4.2% 0.47% +0.04
AGG iShares Core U.S. Aggregate Add +11.5% 0.58% +0.03
CRM Salesforce Inc. Add +93.8% 0.05% +0.03
CCJ Cameco Corp. Add +35.3% 0.10% +0.03
CPSL Calm Lad S&P 500 STR A P ETF New 0.03% +0.03
CAT Caterpillar Inc. Add +17.7% 0.10% +0.03
ROK Rockwell Automation Inc. Add +168.4% 0.04% +0.02
BRK.A Berkshire Hathaway Inc. Class A Add +33.3% 0.11% +0.02
MRK Merck & Co. Inc. Add +22.4% 0.07% +0.02
PFF iShares Preferred & Income S Add +173.0% 0.03% +0.02

Options Activity Q3 2025 → Q4 2025
META Meta Platforms Inc. Class A put Add +2.4% 12,800 $9.4M
TM Toyota Motor Corp. -Spon ADR call Sold out 10,000 $1.7Mbefore exit
AAPL Apple Inc. put New 4,800 $1.2M
NOW ServiceNow Inc. put New 500 $460K
IBIT iShares Bitcoin Trust ETF call New 5,000 $325K
NVDA Nvidia Corp. put New 1,700 $317K
AVGO Broadcom Inc. put New 800 $264K
ORCL Oracle Corp. put New 900 $253K
SHOP Shopify Inc. Class A put New 1,600 $238K
META Meta Platforms Inc. Class A call New 300 $220K
AMZN Amazon.com Inc. put New 1,000 $220K
IWM iShares Russell 2000 ETF call Sold out 1,000 $216Kbefore exit
CMG Chipotle Mexican Grill Inc. put New 5,500 $216K
MSFT Microsoft Corp. call New 400 $207K
AAPL Apple Inc. call Sold out 1,000 $205Kbefore exit
SNOW Snowflake Inc. put New 900 $203K

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 Add +9.4% 15,896 $1.1M
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Reduce -30.9% 358,000 $1.0M
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal Add +56.0% 886,000 $966K
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal Reduce -0.3% 720,000 $922K
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal Reduce -0.4% 515,000 $845K
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Reduce -0.3% 12,657 $844K
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Reduce -39.6% 249,000 $836K
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Sold out 643,000 $785Kbefore exit
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal Reduce -6.3% 726,000 $779K
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Reduce -0.4% 703,000 $772K
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Reduce -0.3% 722,000 $745K
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal Reduce -2.1% 520,000 $661K
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal Reduce -0.2% 616,000 $659K
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -0.5% 8,200 $619K
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal New 452,000 $588K
LYFT INC (LYFT 0.625 03/01/29) NOTE 0.625% 3/0 · principal Reduce -6.1% 465,000 $560K
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD Reduce -0.5% 10,101 $557K
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal Reduce -10.4% 455,000 $518K
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal Reduce -3.9% 465,000 $478K
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Add +1.0% 104,000 $477K
WISDOMTREE INC (WT 3.25 08/15/29) NOTE 3.250% 8/1 · principal Reduce -11.4% 395,000 $477K
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG Reduce -0.2% 8,058 $470K
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal Reduce -1.0% 292,000 $453K
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal Sold out 130,000 $409Kbefore exit
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A New 6,700 $398K
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +0.6% 314 $393K
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal Add +1.0% 308,000 $383K
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Reduce -6.1% 385,000 $381K
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal Sold out 83,000 $377Kbefore exit
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal Reduce -16.4% 322,000 $350K
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Add +0.9% 217,000 $337K
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal New 316,000 $328K
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal Add +365.6% 298,000 $328K
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Add +0.8% 253,000 $319K
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal Add +1.4% 213,000 $318K
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal New 285,000 $314K
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal Add +1.2% 261,000 $306K
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal Add +0.8% 267,000 $305K
SNAP INC (SNAP 0.5 05/01/30) NOTE 0.500% 5/0 · principal Add +0.9% 342,000 $300K
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal Add +1.2% 262,000 $283K
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal Reduce -2.3% 261,000 $272K
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Reduce -1.0% 4,759 $246K
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal Add +0.7% 145,000 $231K
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) MTNF 0.600% 5/2 · principal Add +1.0% 209,000 $227K
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal Add +0.5% 221,000 $224K
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Reduce -0.5% 221,000 $222K
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Add +0.8% 4,137 $214K
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal Add +0.6% 178,000 $213K
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal Add +1.1% 90,000 $207K
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Reduce -56.1% 36,000 $192K

Showing the first 50 of 74.

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 391$3.3BAAPL, NVDA, IVV, IVW, IVE
Q1 2026 481$2.9BAAPL, NVDA, IVV, IVW, IVE
Q4 2025 386$2.9BAAPL, NVDA, IVV, IVW, MSFT
Q3 2025 359$2.7BAAPL, IVV, NVDA, MSFT, IVW
Q2 2025 286$2.3BIVV, AAPL, NVDA, MSFT, IVW
Q1 2025 257$2.0BIVV, AAPL, IVE, IVW, MSFT
Q4 2024 255$2.0BAAPL, IVV, IVW, NVDA, MSFT
Q3 2024 244$1.9BIVV, AAPL, IVW, MSFT, IVE
Q2 2024 238$1.8BIVV, AAPL, IVW, MSFT, NVDA
Q1 2024 247$1.7BIVV, AAPL, IVE, MSFT, IVW