Cambridge Investment Research Advisors, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Cambridge Investment Research Advisors, Inc. reported 3,483 stock positions worth $29.6 billion. Its top holding was Apple (AAPL) at 3.3% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 3.1%) and Invesco QQQ Trust Series 1 (QQQ, 2.1%). Compared with Q4 2024, it opened 218 new positions, sold out of 183, added to 1,689 and reduced 1,497. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +2%) and the biggest sale Nvidia (NVDA, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- FAIRFIELD, IA
- CIK
- 0001419186
- Portfolio Value
- $29.6B (Q1 2025)
- SEC Filing
- 0001419186-25-000004 ↗ filed Apr 22, 2025
Holdings Value
Holdings 3,483 stocks · $29.6B
| AAPL Apple Inc. | 3.25% | 4,338,721 | $963.8M | Reduce -0.8% |
| VOO Vanguard S&P 500 ETF | 3.12% | 1,799,132 | $924.6M | Reduce -2.8% |
| QQQ Invesco QQQ Trust Series 1 | 2.13% | 1,342,830 | $629.7M | Add +1.1% |
| NVDA Nvidia Corp. | 2.04% | 5,566,705 | $603.3M | Reduce -2.9% |
| IVV iShares Core S&P 500 ETF | 1.95% | 1,029,935 | $578.7M | Reduce -1.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.86% | 2,007,919 | $551.9M | Add +1.3% |
| MSFT Microsoft Corp. | 1.51% | 1,190,110 | $446.8M | Add +0.3% |
| AMZN Amazon.com Inc. | 1.48% | 2,311,347 | $439.8M | Reduce -2.0% |
| VXUS Vanguard Total Intl Stock | 1.35% | 6,423,392 | $398.9M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.26% | 699,458 | $372.5M | Add +1.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.22% | 646,336 | $361.6M | Add +11.5% |
| COWZ Pacer US Cash Cows 100 ETF | 0.83% | 4,485,533 | $245.6M | Add +0.8% |
| BND Vanguard Total Bond Market | 0.69% | 2,776,239 | $203.9M | Reduce -5.7% |
| SCHD Schwab US DVD Equity ETF | 0.64% | 6,768,332 | $189.2M | Reduce -4.7% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.60% | 5,005,523 | $178.4M | Add +12.9% |
| GLD SPDR Gold Shares | 0.59% | 608,222 | $175.3M | Add +12.6% |
| VIG Vanguard Dividend Apprec ETF | 0.59% | 900,389 | $174.7M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.59% | 301,208 | $173.6M | Add +4.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.57% | 456,900 | $169.4M | Reduce -1.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.56% | 954,384 | $164.9M | Reduce -7.7% |
| JPM JPMorgan Chase & Co. | 0.51% | 621,666 | $152.5M | Add +4.1% |
| JPST JPMorgan Ultra-Short Income | 0.51% | 2,991,624 | $151.5M | Reduce -20.9% |
| GOOGL Alphabet Inc. Class A | 0.50% | 953,604 | $147.5M | Reduce -1.0% |
| RDVY First Trust Rising Dividend | 0.48% | 2,425,054 | $142.0M | Add +7.4% |
| GOOG Alphabet Inc. Class C | 0.48% | 908,650 | $142.0M | Add +2.0% |
| VEA Vanguard Ftse Developed ETF | 0.47% | 2,768,339 | $140.7M | Add +9.1% |
| XOM Exxon Mobil Corp. | 0.46% | 1,144,315 | $136.1M | Reduce -1.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.46% | 1,479,845 | $135.7M | Add +11.0% |
| LLY Eli Lilly & Co. | 0.46% | 163,237 | $134.8M | Add +2.5% |
| V Visa Inc. Class A | 0.45% | 377,861 | $132.4M | Add +3.5% |
| TSLA Tesla Inc. | 0.44% | 507,637 | $131.6M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 0.44% | 756,599 | $131.1M | Add +11.9% |
| BNDX Vanguard Total Intl Bond ETF | 0.43% | 2,637,714 | $128.8M | Reduce -24.5% |
| COST Costco Wholesale Corp. | 0.41% | 129,151 | $122.1M | Add +3.7% |
| USMV iShares MSCI USA Min Vol Fac | 0.41% | 1,299,607 | $121.7M | Reduce -6.3% |
| JEPI JPMorgan Equity Premium Inco | 0.39% | 2,043,548 | $116.8M | Add +3.7% |
| AGG iShares Core U.S. Aggregate | 0.39% | 1,175,400 | $116.3M | Reduce -12.0% |
| PG The Procter & Gamble Co. | 0.39% | 670,060 | $114.2M | Add +3.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.38% | 1,729,956 | $113.8M | Reduce -3.8% |
| VYM Vanguard High DVD Yield ETF | 0.38% | 875,530 | $112.9M | Add +2.0% |
| WMT Walmart Inc. | 0.38% | 1,273,236 | $111.8M | Add +2.1% |
| AVGO Broadcom Inc. | 0.37% | 653,773 | $109.5M | Add +3.6% |
| IVW iShares S&P 500 Growth ETF | 0.37% | 1,177,743 | $109.3M | Add +14.9% |
| QUAL iShares MSCI USA Quality Fac | 0.36% | 630,590 | $107.8M | Add +9.8% |
| ABBV Abbvie Inc. | 0.36% | 511,060 | $107.1M | Add +4.3% |
| BSV Vanguard Short-Term Bond ETF | 0.36% | 1,354,586 | $106.0M | Add +3.2% |
| PLTR Palantir Technologies Inc. Class A | 0.35% | 1,228,336 | $103.7M | Reduce -4.0% |
| XLK SS Technology Select Sector | 0.34% | 485,860 | $100.3M | Reduce -0.8% |
| FTCS First Trust Capital Strength | 0.32% | 1,054,497 | $94.5M | Reduce -4.3% |
| CGGR Cap Group Growth Equity | 0.32% | 2,747,942 | $94.1M | Add +9.5% |
| TLT iShares 20+ Year Treasury BD | 0.32% | 1,033,447 | $94.1M | Add +51.7% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.31% | 3,072,757 | $91.2M | Add +6.1% |
| SCHG Schwab US Large-Cap Growth | 0.31% | 3,632,538 | $91.0M | Add +22.3% |
| HD Home Depot Inc. | 0.29% | 238,098 | $87.3M | Add +1.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.29% | 382,188 | $84.8M | Add +1.3% |
| IWY iShares Russell Top 200 Grow | 0.28% | 396,790 | $83.7M | Reduce -1.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.28% | 1,648,471 | $83.6M | Add +11.4% |
| IVE iShares S&P 500 Value ETF | 0.28% | 429,231 | $81.8M | Add +18.4% |
| ITOT iShares Core S&P Total U.S. | 0.27% | 658,265 | $80.3M | Add +5.3% |
| IJR iShares Core S&P Small-Cap E | 0.27% | 760,037 | $79.5M | Add +4.5% |
| JNJ Johnson & Johnson | 0.27% | 478,687 | $79.4M | Add +9.0% |
| CVX Chevron Corp. | 0.27% | 471,562 | $78.9M | Reduce -1.0% |
| NFLX Netflix Inc. | 0.26% | 81,313 | $75.8M | Reduce -3.6% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.26% | 2,266,748 | $75.7M | Add +12.8% |
| SDVY First Trust Smid Cap Rising | 0.25% | 2,253,098 | $75.5M | Add +5.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.25% | 674,451 | $74.5M | Reduce -1.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.25% | 287,222 | $74.3M | Add +1.8% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.25% | 1,598,638 | $73.7M | Add +8.4% |
| VGT Vanguard Info Tech ETF | 0.25% | 135,324 | $73.4M | Reduce -8.6% |
| VXF Vanguard Extended Market ETF | 0.25% | 424,191 | $73.1M | Reduce -24.1% |
| XLE SS Energy Select Sector | 0.25% | 779,564 | $72.8M | Add +9.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.24% | 953,938 | $72.2M | Reduce -7.0% |
| XLF SS Financial Select Sector | 0.24% | 1,443,324 | $71.9M | Add +19.8% |
| FVD First Trust Value Line DVD | 0.24% | 1,598,203 | $71.3M | Reduce -3.4% |
| MA Mastercard Inc. Class A | 0.24% | 129,744 | $71.1M | Add +34.3% |
| MOAT Vaneck Morningstar Wide Moat | 0.24% | 805,108 | $70.8M | Reduce -13.3% |
| T AT&T Inc. | 0.24% | 2,467,363 | $69.8M | Add +3.9% |
| BIV Vanguard Intermediate-Term B | 0.23% | 883,966 | $67.7M | Add +3.6% |
| SGOV iShares 0-3 Month Treasury B | 0.23% | 671,770 | $67.6M | Reduce -44.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 265,567 | $66.0M | Add +2.4% |
| MINT PIMCO Enhanced Short Maturit | 0.22% | 647,561 | $65.2M | Add +5.2% |
| FTSM First Trust Enh Short Mat FD | 0.22% | 1,085,250 | $64.9M | Add +4.5% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.22% | 2,267,907 | $64.3M | Add +5.8% |
| VZ Verizon Communications Inc. | 0.22% | 1,412,266 | $64.1M | Add +4.4% |
| GSY Invesco Ultra Short Duration | 0.22% | 1,276,221 | $64.0M | Add +11.5% |
| IJH iShares Core S&P Midcap ETF | 0.22% | 1,095,079 | $63.9M | Add +3.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.21% | 150,308 | $63.1M | Add +14.6% |
| UNH Unitedhealth Group Inc. | 0.21% | 118,560 | $62.1M | Add +2.5% |
| TFLO iShares Treasury Floating Ra | 0.21% | 1,222,045 | $61.9M | Add +0.4% |
| SCHX Schwab US Large-Cap ETF | 0.21% | 2,786,441 | $61.5M | Reduce -9.2% |
| CAT Caterpillar Inc. | 0.20% | 184,152 | $60.7M | Reduce -0.8% |
| DGRO iShares Core Dividend Growth | 0.20% | 982,995 | $60.7M | Reduce -2.1% |
| MCD McDonald's Corp. | 0.20% | 192,380 | $60.1M | Add +5.6% |
| USFR Wisdomtree Floating Rate Tre | 0.20% | 1,154,000 | $58.1M | Reduce -20.3% |
| FBND Fidelity Total Bond ETF | 0.20% | 1,270,657 | $58.0M | Reduce -13.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.19% | 713,967 | $57.4M | Add +4.8% |
| PHYS Sprott Physical Gold Trust | 0.19% | 2,367,177 | $57.0M | Add +2.9% |
| TIP iShares Tips Bond ETF | 0.19% | 507,517 | $56.4M | Add +106.0% |
| XLV SS Health Care Select Sector | 0.19% | 383,047 | $55.9M | Add +11.8% |
| AIRR First Trust Rba American Ind | 0.19% | 813,423 | $55.5M | Add +36.7% |
Other holdings (12): bonds, preferreds, convertibles and warrants · $12.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,222 | $3.9M | Add +14.8% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 28,933 | $2.4M | New |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 49,575 | $2.4M | Add +6.2% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,306 | $1.6M | Add +8.0% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 30,754 | $1.3M | Add +20.6% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 12,815 | $313K | Add +35.8% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 5,730 | $214K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 19,956 | $45K | No change |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | 26,008 | $19K | Reduce -34.8% |
| RVSNW Rail Vision Ltd.-CW27 | *W EXP 03/27/202 | 88,122 | $8K | New |
| FFAIW Faraday Future -CW27 | *W EXP 07/21/202 | 20,000 | $1K | No change |
| TALKW Hudson Executive Inv -CW25 | *W EXP 06/21/202 | 10,550 | $1K | No change |
Total filed on the 13F, all lines: $29.6B.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -2.9% | 2.04% | −0.54 |
| AAPL Apple Inc. | Reduce -0.8% | 3.25% | −0.41 |
| AMZN Amazon.com Inc. | Reduce -2.0% | 1.48% | −0.25 |
| VOO Vanguard S&P 500 ETF | Reduce -2.8% | 3.12% | −0.21 |
| SGOV iShares 0-3 Month Treasury B | Reduce -44.1% | 0.23% | −0.17 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -24.5% | 0.43% | −0.14 |
| JPST JPMorgan Ultra-Short Income | Reduce -20.9% | 0.51% | −0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 0.50% | −0.11 |
| VXF Vanguard Extended Market ETF | Reduce -24.1% | 0.25% | −0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -1.7% | 1.95% | −0.11 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -43.4% | 0.10% | −0.09 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -25.1% | 0.16% | −0.09 |
| IWM iShares Russell 2000 ETF | Reduce -20.5% | 0.18% | −0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.0% | 0.57% | −0.06 |
| VGT Vanguard Info Tech ETF | Reduce -8.6% | 0.25% | −0.06 |
| SMH Vaneck Semiconductor ETF | Reduce -16.8% | 0.14% | −0.05 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -13.3% | 0.24% | −0.05 |
| USFR Wisdomtree Floating Rate Tre | Reduce -20.3% | 0.20% | −0.05 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -27.1% | 0.10% | −0.04 |
| XLK SS Technology Select Sector | Reduce -0.8% | 0.34% | −0.04 |
| AGG iShares Core U.S. Aggregate | Reduce -12.0% | 0.39% | −0.04 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -11.4% | 0.17% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -8.2% | 0.18% | −0.04 |
| IWY iShares Russell Top 200 Grow | Reduce -1.3% | 0.28% | −0.03 |
| SOXX iShares Semiconductor ETF | Reduce -10.4% | 0.12% | −0.03 |
| SSO Proshares Ultra S&P500 | Reduce -90.7% | 0.00% | −0.03 |
| BX Blackstone Inc. | Reduce -2.3% | 0.13% | −0.03 |
| AMD Advanced Micro Devices | Reduce -3.9% | 0.15% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -3.8% | 0.38% | −0.03 |
| SCHX Schwab US Large-Cap ETF | Reduce -9.2% | 0.21% | −0.03 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -27.9% | 0.09% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -7.7% | 0.56% | −0.03 |
| TTD Trade Desk Inc./the Class A | Reduce -6.4% | 0.02% | −0.03 |
| FTNT Fortinet Inc. | Reduce -43.9% | 0.04% | −0.03 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -9.8% | 0.15% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -29.9% | 0.06% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -15.4% | 0.06% | −0.02 |
| NOW ServiceNow Inc. | Reduce -5.6% | 0.06% | −0.02 |
| DIS The Walt Disney Co. | Reduce -9.0% | 0.10% | −0.02 |
| FBND Fidelity Total Bond ETF | Reduce -13.1% | 0.20% | −0.02 |
| DFUS Dimensional US Eq MKT ETF | Reduce -34.2% | 0.04% | −0.02 |
| IAK iShares U.S. Insurance ETF | Reduce -71.7% | 0.01% | −0.02 |
| ACI Albertsons Cos Inc. Class A | Reduce -84.4% | 0.00% | −0.02 |
| IGV iShares Expanded Tech-Softwa | Reduce -26.5% | 0.04% | −0.02 |
| MBB iShares MBS ETF | Reduce -19.9% | 0.10% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Reduce -30.1% | 0.06% | −0.02 |
| IUSG iShares Core S&P U.S. Growth | Reduce -19.8% | 0.06% | −0.02 |
| IXN iShares Global Tech ETF | Reduce -6.3% | 0.11% | −0.02 |
| CAT Caterpillar Inc. | Reduce -0.8% | 0.20% | −0.02 |
| VOOG Vanguard S&P 500 Growth ETF | Reduce -9.5% | 0.10% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.9% | 1.26% | +0.22 |
| GLD SPDR Gold Shares | Add +12.6% | 0.59% | +0.15 |
| TLT iShares 20+ Year Treasury BD | Add +51.7% | 0.32% | +0.12 |
| TIP iShares Tips Bond ETF | Add +106.0% | 0.19% | +0.10 |
| VXUS Vanguard Total Intl Stock | Add +1.1% | 1.35% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +11.5% | 1.22% | +0.09 |
| CGDV Cap Group Dividend Value | Add +12.9% | 0.60% | +0.08 |
| ABBV Abbvie Inc. | Add +4.3% | 0.36% | +0.07 |
| MA Mastercard Inc. Class A | Add +34.3% | 0.24% | +0.07 |
| VEA Vanguard Ftse Developed ETF | Add +9.1% | 0.47% | +0.07 |
| VFLO Victoryshares Free Cash Flow | Add +180.2% | 0.10% | +0.07 |
| V Visa Inc. Class A | Add +3.5% | 0.45% | +0.06 |
| EDOW First Trust Dow 30 Eql WGHT | Add +216.4% | 0.08% | +0.06 |
| JNJ Johnson & Johnson | Add +9.0% | 0.27% | +0.06 |
| T AT&T Inc. | Add +3.9% | 0.24% | +0.05 |
| FEX First Trust Large Cap Core A | Add +154.2% | 0.09% | +0.05 |
| IAU iShares Gold Trust | Add +21.1% | 0.17% | +0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +11.0% | 0.46% | +0.05 |
| PDBC Invesco Optimum Yield Divers | Add +241.7% | 0.07% | +0.05 |
| XLF SS Financial Select Sector | Add +19.8% | 0.24% | +0.05 |
| FTC First Trust Large Cap Growth | Add +95.1% | 0.10% | +0.05 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +44.8% | 0.17% | +0.05 |
| PM Philip Morris International | Add +14.4% | 0.14% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | Add +11.9% | 0.44% | +0.05 |
| IVE iShares S&P 500 Value ETF | Add +18.4% | 0.28% | +0.04 |
| LLY Eli Lilly & Co. | Add +2.5% | 0.46% | +0.04 |
| XLE SS Energy Select Sector | Add +9.6% | 0.25% | +0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +10.2% | 0.18% | +0.04 |
| JQUA JPMorgan US Quality Factor | Add +47.5% | 0.12% | +0.04 |
| FDL First Trust Morn DVD Lead Inc. | Add +23.5% | 0.15% | +0.04 |
| SCHF Schwab Intl Equity ETF | Add +71.5% | 0.08% | +0.04 |
| FENI Fidelity Enhanced Intl ETF | Add +1039.5% | 0.04% | +0.04 |
| FLOT iShares Floating Rate Bond E | Add +56.0% | 0.10% | +0.04 |
| PHYS Sprott Physical Gold Trust | Add +2.9% | 0.19% | +0.04 |
| VCIT Vanguard Int-Term Corporate | Add +33.3% | 0.14% | +0.04 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +22.1% | 0.18% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +4.1% | 0.51% | +0.04 |
| AMLP Alerian MLP ETF | Add +69.9% | 0.08% | +0.04 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +51.8% | 0.10% | +0.04 |
| VZ Verizon Communications Inc. | Add +4.4% | 0.22% | +0.04 |
| COWG Pacer US LRG Cap Cows GR LD | Add +180.0% | 0.05% | +0.03 |
| AIRR First Trust Rba American Ind | Add +36.7% | 0.19% | +0.03 |
| RDVY First Trust Rising Dividend | Add +7.4% | 0.48% | +0.03 |
| BUFD FT VST Lad Deep Buf ETF-Usdi | Add +66.1% | 0.08% | +0.03 |
| IBM Intl Business Machines Corp. | Add +2.4% | 0.22% | +0.03 |
| JMST JPM Ultra-Short Muni Income | Add +60.5% | 0.08% | +0.03 |
| JAAA Janus Henderson Aaa Clo ETF | Add +11.4% | 0.28% | +0.03 |
| XLV SS Health Care Select Sector | Add +11.8% | 0.19% | +0.03 |
| NEAR iShares SH Dba ETF Usd Inc. | Add +32.1% | 0.12% | +0.03 |
| COST Costco Wholesale Corp. | Add +3.7% | 0.41% | +0.03 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +14.8% | 3,222 | $3.9M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 28,933 | $2.4M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +6.2% | 49,575 | $2.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +8.0% | 1,306 | $1.6M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +20.6% | 30,754 | $1.3M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +35.8% | 12,815 | $313K |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | Reduce -34.8% | 26,008 | $19K |
| BMTX.WS BM Technologies -CW23 | *W EXP 01/04/202 | Sold out | 20,104 | $12Kbefore exit |
| EOS ENERGY ENTER -CW26 | *W EXP 11/17/202 | Sold out | 10,000 | $10Kbefore exit |
| RVSNW Rail Vision Ltd.-CW27 | *W EXP 03/27/202 | New | 88,122 | $8K |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | Sold out | 10,000 | $3Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 4,028 | $44.6B | VOO, AAPL, NVDA, QQQ, IVV |
| Q1 2026 | 3,907 | $38.8B | VOO, AAPL, NVDA, IVV, QQQ |
| Q4 2025 | 3,801 | $37.8B | VOO, AAPL, NVDA, QQQ, VTI |
| Q3 2025 | 3,703 | $36.4B | VOO, AAPL, NVDA, QQQ, VTI |
| Q2 2025 | 3,597 | $32.9B | VOO, AAPL, NVDA, QQQ, VTI |
| Q1 2025 | 3,483 | $29.6B | AAPL, VOO, QQQ, NVDA, IVV |
| Q4 2024 | 3,447 | $29.9B | AAPL, VOO, NVDA, QQQ, IVV |
| Q3 2024 | 3,397 | $29.4B | AAPL, VOO, NVDA, QQQ, IVV |
| Q2 2024 | 3,300 | $27.0B | AAPL, VOO, NVDA, QQQ, IVV |
| Q1 2024 | 3,292 | $26.0B | VOO, AAPL, QQQ, IVV, NVDA |