Cambridge Investment Research Advisors, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Cambridge Investment Research Advisors, Inc. reported 3,597 stock positions worth $32.9 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 3.2% of the portfolio, followed by Apple (AAPL, 2.7%) and Nvidia (NVDA, 2.7%). Compared with Q1 2025, it opened 300 new positions, sold out of 184, added to 1,697 and reduced 1,529. The biggest buy was Invesco Nasdaq 100 ETF (QQQM, shares +123%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- FAIRFIELD, IA
- CIK
- 0001419186
- Portfolio Value
- $32.9B (Q2 2025)
- SEC Filing
- 0001419186-25-000006 ↗ filed Jul 31, 2025
Holdings Value
Holdings 3,597 stocks · $32.9B
| VOO Vanguard S&P 500 ETF | 3.18% | 1,840,341 | $1.0B | Add +2.3% |
| AAPL Apple Inc. | 2.69% | 4,312,995 | $884.9M | Reduce -0.6% |
| NVDA Nvidia Corp. | 2.66% | 5,533,945 | $874.3M | Reduce -0.6% |
| QQQ Invesco QQQ Trust Series 1 | 2.22% | 1,322,019 | $729.3M | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 1.89% | 2,040,362 | $620.1M | Add +1.6% |
| IVV iShares Core S&P 500 ETF | 1.88% | 997,173 | $619.1M | Reduce -3.2% |
| MSFT Microsoft Corp. | 1.79% | 1,179,991 | $586.9M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 1.57% | 2,354,148 | $516.5M | Add +1.9% |
| VXUS Vanguard Total Intl Stock | 1.35% | 6,409,537 | $442.8M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.28% | 680,392 | $420.4M | Add +5.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.13% | 766,560 | $372.4M | Add +9.6% |
| META Meta Platforms Inc. Class A | 0.71% | 316,454 | $233.6M | Add +5.1% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.70% | 5,785,215 | $228.5M | Add +15.6% |
| COWZ Pacer US Cash Cows 100 ETF | 0.68% | 4,068,254 | $224.2M | Reduce -9.3% |
| VEA Vanguard Ftse Developed ETF | 0.66% | 3,806,944 | $217.0M | Add +37.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.64% | 482,195 | $211.4M | Add +5.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.60% | 2,725,983 | $198.2M | Add +57.6% |
| AVGO Broadcom Inc. | 0.57% | 682,972 | $188.3M | Add +4.5% |
| VIG Vanguard Dividend Apprec ETF | 0.57% | 911,551 | $186.6M | Add +1.2% |
| SCHD Schwab US DVD Equity ETF | 0.55% | 6,852,538 | $181.6M | Add +1.2% |
| JPM JPMorgan Chase & Co. | 0.54% | 615,532 | $178.4M | Reduce -1.0% |
| BND Vanguard Total Bond Market | 0.54% | 2,402,280 | $176.9M | Reduce -13.5% |
| GOOGL Alphabet Inc. Class A | 0.52% | 977,871 | $172.3M | Add +2.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.52% | 959,938 | $169.7M | Add +0.6% |
| GLD SPDR Gold Shares | 0.51% | 545,331 | $166.2M | Reduce -10.3% |
| GOOG Alphabet Inc. Class C | 0.50% | 935,033 | $165.9M | Add +2.9% |
| PLTR Palantir Technologies Inc. Class A | 0.50% | 1,201,874 | $163.8M | Reduce -2.1% |
| TSLA Tesla Inc. | 0.50% | 514,612 | $163.5M | Add +1.4% |
| RSP Invesco S&P 500 Equal Weight | 0.49% | 883,193 | $160.5M | Add +16.7% |
| RDVY First Trust Rising Dividend | 0.45% | 2,381,386 | $149.4M | Reduce -1.8% |
| XLK SS Technology Select Sector | 0.43% | 555,500 | $140.7M | Add +14.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.42% | 1,515,085 | $139.0M | Add +2.4% |
| V Visa Inc. Class A | 0.41% | 376,811 | $133.8M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.40% | 169,643 | $132.2M | Add +3.9% |
| CGGR Cap Group Growth Equity | 0.40% | 3,237,945 | $131.6M | Add +17.8% |
| BNDX Vanguard Total Intl Bond ETF | 0.40% | 2,641,442 | $130.8M | Add +0.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.39% | 565,936 | $128.5M | Add +122.9% |
| COST Costco Wholesale Corp. | 0.39% | 129,563 | $128.3M | Add +0.3% |
| WMT Walmart Inc. | 0.39% | 1,298,627 | $127.0M | Add +2.0% |
| VYM Vanguard High DVD Yield ETF | 0.38% | 948,760 | $126.5M | Add +8.4% |
| IVW iShares S&P 500 Growth ETF | 0.38% | 1,128,060 | $124.2M | Reduce -4.2% |
| AGG iShares Core U.S. Aggregate | 0.37% | 1,239,231 | $122.9M | Add +5.4% |
| JPST JPMorgan Ultra-Short Income | 0.37% | 2,384,083 | $120.8M | Reduce -20.3% |
| XOM Exxon Mobil Corp. | 0.36% | 1,108,213 | $119.5M | Reduce -3.1% |
| QUAL iShares MSCI USA Quality Fac | 0.35% | 632,769 | $115.7M | Add +0.3% |
| JEPI JPMorgan Equity Premium Inco | 0.34% | 1,994,661 | $113.4M | Reduce -2.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.34% | 1,197,032 | $112.4M | Reduce -7.9% |
| NFLX Netflix Inc. | 0.34% | 83,712 | $112.1M | Add +3.0% |
| PG The Procter & Gamble Co. | 0.32% | 655,228 | $104.4M | Reduce -2.2% |
| VGT Vanguard Info Tech ETF | 0.32% | 156,223 | $103.6M | Add +15.4% |
| BSV Vanguard Short-Term Bond ETF | 0.31% | 1,313,056 | $103.3M | Reduce -3.1% |
| ABBV Abbvie Inc. | 0.29% | 521,793 | $96.9M | Add +2.1% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.28% | 2,493,713 | $92.1M | Add +10.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.28% | 1,090,461 | $91.0M | Add +14.3% |
| FTCS First Trust Capital Strength | 0.28% | 1,000,721 | $91.0M | Reduce -5.1% |
| SCHG Schwab US Large-Cap Growth | 0.27% | 3,041,261 | $88.8M | Reduce -16.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.27% | 1,726,135 | $87.6M | Add +4.7% |
| HD Home Depot Inc. | 0.26% | 233,694 | $85.7M | Reduce -1.9% |
| IJR iShares Core S&P Small-Cap E | 0.26% | 779,866 | $85.2M | Add +2.6% |
| IWY iShares Russell Top 200 Grow | 0.26% | 345,263 | $85.1M | Reduce -13.0% |
| ITOT iShares Core S&P Total U.S. | 0.26% | 623,880 | $84.2M | Reduce -5.2% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.25% | 2,630,495 | $83.7M | Reduce -14.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.25% | 188,596 | $83.1M | Add +25.5% |
| IWF iShares Russell 1000 Growth | 0.25% | 194,548 | $82.6M | Add +34.3% |
| IVE iShares S&P 500 Value ETF | 0.25% | 419,881 | $82.1M | Reduce -2.2% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.25% | 2,562,374 | $81.9M | Add +13.0% |
| VXF Vanguard Extended Market ETF | 0.25% | 424,893 | $81.9M | Add +0.2% |
| FVD First Trust Value Line DVD | 0.25% | 1,823,653 | $81.5M | Add +14.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 271,587 | $80.1M | Add +2.3% |
| SPMO Invesco S&P 500 Momentum ETF | 0.24% | 705,218 | $79.3M | Add +34.6% |
| SDVY First Trust Smid Cap Rising | 0.24% | 2,237,668 | $78.9M | Reduce -0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 327,277 | $77.6M | Reduce -14.4% |
| SGOV iShares 0-3 Month Treasury B | 0.24% | 769,590 | $77.5M | Add +14.6% |
| CAT Caterpillar Inc. | 0.23% | 198,559 | $77.1M | Add +7.8% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.22% | 143,879 | $73.3M | Add +11.9% |
| AIRR First Trust Rba American Ind | 0.22% | 898,235 | $73.1M | Add +10.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.22% | 1,549,317 | $71.6M | Reduce -3.1% |
| MA Mastercard Inc. Class A | 0.22% | 127,029 | $71.4M | Reduce -2.1% |
| T AT&T Inc. | 0.22% | 2,452,032 | $71.0M | Reduce -0.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.21% | 251,044 | $70.3M | Reduce -12.6% |
| CVX Chevron Corp. | 0.21% | 490,435 | $70.2M | Add +4.0% |
| JNJ Johnson & Johnson | 0.21% | 458,129 | $70.0M | Reduce -4.3% |
| MOAT Vaneck Morningstar Wide Moat | 0.21% | 737,123 | $69.1M | Reduce -8.4% |
| BIV Vanguard Intermediate-Term B | 0.21% | 873,950 | $67.6M | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 0.21% | 1,088,333 | $67.5M | Reduce -0.6% |
| SCHX Schwab US Large-Cap ETF | 0.20% | 2,689,581 | $65.7M | Reduce -3.5% |
| USFR Wisdomtree Floating Rate Tre | 0.20% | 1,305,866 | $65.7M | Add +13.2% |
| XLF SS Financial Select Sector | 0.20% | 1,246,641 | $65.3M | Reduce -13.6% |
| FBND Fidelity Total Bond ETF | 0.20% | 1,405,090 | $64.3M | Add +10.6% |
| TLT iShares 20+ Year Treasury BD | 0.20% | 726,332 | $64.1M | Reduce -29.7% |
| DGRO iShares Core Dividend Growth | 0.19% | 1,000,781 | $64.0M | Add +1.8% |
| PHYS Sprott Physical Gold Trust | 0.19% | 2,505,048 | $63.5M | Add +5.8% |
| FTSM First Trust Enh Short Mat FD | 0.19% | 1,052,295 | $63.0M | Reduce -3.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.19% | 660,474 | $63.0M | Reduce -7.5% |
| EFA iShares MSCI Eafe ETF | 0.19% | 703,738 | $62.9M | Add +73.1% |
| IXUS iShares Core Intl Stock ETF | 0.19% | 811,823 | $62.8M | Add +9.2% |
| TCAF T Rowe PRC Cap Appreciation | 0.19% | 1,765,583 | $62.3M | Add +6.1% |
| IEMG iShares Core MSCI Emerging | 0.19% | 1,025,499 | $61.6M | Add +40.3% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.19% | 1,124,728 | $61.3M | Add +11.2% |
| VZ Verizon Communications Inc. | 0.18% | 1,388,459 | $60.1M | Reduce -1.7% |
Other holdings (11): bonds, preferreds, convertibles and warrants · $13.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,550 | $4.2M | Add +10.2% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 30,945 | $3.7M | Add +7.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 51,133 | $2.4M | Add +3.1% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,269 | $1.5M | Reduce -2.8% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 30,629 | $1.2M | Reduce -0.4% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 14,187 | $336K | Add +10.7% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 5,230 | $201K | Reduce -8.7% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 20,279 | $74K | Add +1.6% |
| RVSNW Rail Vision Ltd.-CW27 | *W EXP 03/27/202 | 103,122 | $7K | Add +17.0% |
| LMP CAPITAL AND INCOME FUND | RIGHT 07/11/2025 | 14,985 | $1K | Reduce -0.8% |
| TALKW Hudson Executive Inv -CW25 | *W EXP 06/21/202 | 10,550 | $1K | No change |
Total filed on the 13F, all lines: $32.9B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.6% | 2.69% | −0.56 |
| GSY Invesco Ultra Short Duration | Reduce -81.8% | 0.04% | −0.18 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -61.5% | 0.09% | −0.16 |
| BND Vanguard Total Bond Market | Reduce -13.5% | 0.54% | −0.15 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -9.3% | 0.68% | −0.15 |
| JPST JPMorgan Ultra-Short Income | Reduce -20.3% | 0.37% | −0.14 |
| TLT iShares 20+ Year Treasury BD | Reduce -29.7% | 0.20% | −0.12 |
| MINT PIMCO Enhanced Short Maturit | Reduce -42.8% | 0.11% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 0.36% | −0.10 |
| XLE SS Energy Select Sector | Reduce -25.0% | 0.15% | −0.10 |
| GLD SPDR Gold Shares | Reduce -10.3% | 0.51% | −0.09 |
| DIVI Franklin International Core | Reduce -74.0% | 0.02% | −0.07 |
| XLV SS Health Care Select Sector | Reduce -25.6% | 0.12% | −0.07 |
| FTC First Trust Large Cap Growth | Reduce -70.0% | 0.03% | −0.07 |
| IVV iShares Core S&P 500 ETF | Reduce -3.2% | 1.88% | −0.07 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -7.9% | 0.34% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -2.2% | 0.32% | −0.07 |
| TIP iShares Tips Bond ETF | Reduce -26.1% | 0.13% | −0.06 |
| FEX First Trust Large Cap Core A | Reduce -65.9% | 0.03% | −0.06 |
| EDOW First Trust Dow 30 Eql WGHT | Reduce -71.0% | 0.02% | −0.06 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -59.0% | 0.04% | −0.06 |
| PDBC Invesco Optimum Yield Divers | Reduce -78.8% | 0.01% | −0.06 |
| JNJ Johnson & Johnson | Reduce -4.3% | 0.21% | −0.06 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -14.4% | 0.25% | −0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -14.4% | 0.24% | −0.05 |
| JEPI JPMorgan Equity Premium Inco | Reduce -2.4% | 0.34% | −0.05 |
| FSCO FS Credit Opportunities Corp. | Reduce -26.5% | 0.10% | −0.05 |
| JMST JPM Ultra-Short Muni Income | Reduce -48.6% | 0.04% | −0.04 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -18.6% | 0.12% | −0.04 |
| XLF SS Financial Select Sector | Reduce -13.6% | 0.20% | −0.04 |
| BSV Vanguard Short-Term Bond ETF | Reduce -3.1% | 0.31% | −0.04 |
| FTCS First Trust Capital Strength | Reduce -5.1% | 0.28% | −0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -66.8% | 0.02% | −0.04 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -39.8% | 0.05% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -16.4% | 0.05% | −0.04 |
| V Visa Inc. Class A | Reduce -0.3% | 0.41% | −0.04 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -41.8% | 0.04% | −0.04 |
| IHDG Wisdomtree International Hed | Reduce -49.1% | 0.03% | −0.04 |
| AMLP Alerian MLP ETF | Reduce -38.5% | 0.04% | −0.04 |
| PEP Pepsico Inc. | Reduce -1.9% | 0.13% | −0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -12.6% | 0.21% | −0.04 |
| SCHG Schwab US Large-Cap Growth | Reduce -16.3% | 0.27% | −0.04 |
| TFLO iShares Treasury Floating Ra | Reduce -7.9% | 0.17% | −0.04 |
| HD Home Depot Inc. | Reduce -1.9% | 0.26% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -1.7% | 0.18% | −0.03 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -1.5% | 0.14% | −0.03 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -17.2% | 0.12% | −0.03 |
| MCD McDonald's Corp. | Reduce -0.3% | 0.17% | −0.03 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -37.1% | 0.04% | −0.03 |
| BUFD FT VST Lad Deep Buf ETF-Usdi | Reduce -34.6% | 0.05% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| QQQM Invesco Nasdaq 100 ETF | Add +122.9% | 0.39% | +0.23 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +57.6% | 0.60% | +0.22 |
| AVGO Broadcom Inc. | Add +4.5% | 0.57% | +0.20 |
| VEA Vanguard Ftse Developed ETF | Add +37.5% | 0.66% | +0.19 |
| META Meta Platforms Inc. Class A | Add +5.1% | 0.71% | +0.12 |
| JMTG Mortgage-Backed Securities | New | 0.11% | +0.11 |
| CGDV Cap Group Dividend Value | Add +15.6% | 0.70% | +0.09 |
| XLK SS Technology Select Sector | Add +14.3% | 0.43% | +0.09 |
| AMZN Amazon.com Inc. | Add +1.9% | 1.57% | +0.09 |
| BENJ Horizon Landmark ETF | New | 0.09% | +0.09 |
| NFLX Netflix Inc. | Add +3.0% | 0.34% | +0.09 |
| CGGR Cap Group Growth Equity | Add +17.8% | 0.40% | +0.08 |
| EFA iShares MSCI Eafe ETF | Add +73.1% | 0.19% | +0.08 |
| SPMO Invesco S&P 500 Momentum ETF | Add +34.6% | 0.24% | +0.08 |
| IWF iShares Russell 1000 Growth | Add +34.3% | 0.25% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +5.5% | 0.64% | +0.07 |
| SPHB Invesco S&P 500 High Beta Et | Add +2921.3% | 0.07% | +0.07 |
| USHY iShares Broad Usd High Yield | Add +439.7% | 0.09% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +11.9% | 0.22% | +0.07 |
| VGT Vanguard Info Tech ETF | Add +15.4% | 0.32% | +0.07 |
| HBTA Horizon Expedition Plus ETF | Add +1661.1% | 0.06% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +2.3% | 3.18% | +0.06 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +127.7% | 0.11% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.3% | 1.28% | +0.06 |
| PVAL Putnam Focused LRG Cap Value | Add +174.8% | 0.09% | +0.06 |
| IEMG iShares Core MSCI Emerging | Add +40.3% | 0.19% | +0.05 |
| TSLA Tesla Inc. | Add +1.4% | 0.50% | +0.05 |
| IGV iShares Expanded Tech-Softwa | Add +105.3% | 0.09% | +0.05 |
| IUSG iShares Core S&P U.S. Growth | Add +77.6% | 0.11% | +0.05 |
| ORCL Oracle Corp. | Add +4.3% | 0.16% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +14.7% | 0.17% | +0.05 |
| IDMO Invesco S&P International DE | Add +1125.9% | 0.05% | +0.05 |
| THRO iShares U.S. Thematic Rotati | Add +1557.4% | 0.05% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | Add +16.7% | 0.49% | +0.05 |
| EFV iShares MSCI Eafe Value ETF | Add +33.7% | 0.18% | +0.04 |
| DIA SS SPDR Dow Jones Indus Avg | Add +25.5% | 0.25% | +0.04 |
| COWG Pacer US LRG Cap Cows GR LD | Add +68.3% | 0.09% | +0.04 |
| GEV GE Vernova Inc. | Add +22.7% | 0.08% | +0.04 |
| SCZ iShares MSCI Eafe Small-Cap | Add +149.0% | 0.06% | +0.04 |
| IWP iShares Russell Mid-Cap Grow | Add +40.5% | 0.11% | +0.04 |
| IAGG iShares Intl Aggregate Bond | Add +615.6% | 0.04% | +0.04 |
| AIRR First Trust Rba American Ind | Add +10.4% | 0.22% | +0.04 |
| FXU First Trust Utilities Alphad | Add +413.1% | 0.04% | +0.03 |
| BBAG JPMorgan Betabuilders US Agg | Add +73.3% | 0.09% | +0.03 |
| MTUM iShares MSCI USA Momentum Fa | Add +26.4% | 0.13% | +0.03 |
| SSO Proshares Ultra S&P500 | Add +1067.5% | 0.04% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +14.3% | 0.28% | +0.03 |
| CEG Constellation Energy | Add +6.7% | 0.09% | +0.03 |
| CGGO Cap Group Global Growth | Add +13.0% | 0.25% | +0.03 |
| OUNZ Vaneck Merk Gold ETF | Add +182.6% | 0.05% | +0.03 |
Notes & Other Activity Q1 2025 → Q2 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +10.2% | 3,550 | $4.2M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +7.0% | 30,945 | $3.7M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +3.1% | 51,133 | $2.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -2.8% | 1,269 | $1.5M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -0.4% | 30,629 | $1.2M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +10.7% | 14,187 | $336K |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Reduce -8.7% | 5,230 | $201K |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Add +1.6% | 20,279 | $74K |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | Sold out | 26,008 | $19Kbefore exit |
| RVSNW Rail Vision Ltd.-CW27 | *W EXP 03/27/202 | Add +17.0% | 103,122 | $7K |
| FFAIW Faraday Future -CW27 | *W EXP 07/21/202 | Sold out | 20,000 | $1Kbefore exit |
| LMP CAPITAL AND INCOME FUND | RIGHT 07/11/2025 | Reduce -0.8% | 14,985 | $1K |
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 |