Cambridge Investment Research Advisors, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Cambridge Investment Research Advisors, Inc. reported 3,801 stock positions worth $37.8 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 3.2% of the portfolio, followed by Apple (AAPL, 3.1%) and Nvidia (NVDA, 2.7%). Compared with Q3 2025, it opened 287 new positions, sold out of 192, added to 1,917 and reduced 1,527. The biggest buy was a new position in Akre Focus ETF (AKRE) and the biggest sale Invesco Nasdaq 100 ETF (QQQM, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- FAIRFIELD, IA
- CIK
- 0001419186
- Portfolio Value
- $37.8B (Q4 2025)
- SEC Filing
- 0001419186-26-000001 ↗ filed Feb 5, 2026
Holdings Value
Holdings 3,801 stocks · $37.8B
| VOO Vanguard S&P 500 ETF | 3.16% | 1,903,945 | $1.2B | Reduce -2.6% |
| AAPL Apple Inc. | 3.15% | 4,377,705 | $1.2B | Reduce -0.4% |
| NVDA Nvidia Corp. | 2.71% | 5,506,589 | $1.0B | Reduce -0.5% |
| QQQ Invesco QQQ Trust Series 1 | 2.14% | 1,320,608 | $811.3M | Reduce -1.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.84% | 2,079,849 | $697.3M | Reduce -1.3% |
| IVV iShares Core S&P 500 ETF | 1.81% | 997,615 | $683.3M | Reduce -1.0% |
| MSFT Microsoft Corp. | 1.58% | 1,234,002 | $596.8M | Add +1.5% |
| AMZN Amazon.com Inc. | 1.48% | 2,425,598 | $559.9M | Add +1.2% |
| VXUS Vanguard Total Intl Stock | 1.27% | 6,359,382 | $479.8M | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.25% | 695,843 | $474.5M | Add +5.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.05% | 787,458 | $395.8M | Add +4.4% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.81% | 7,054,003 | $307.8M | Add +12.3% |
| GOOGL Alphabet Inc. Class A | 0.81% | 974,440 | $305.0M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 0.80% | 960,470 | $301.4M | Add +0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.66% | 512,844 | $250.2M | Add +2.4% |
| GLD SPDR Gold Shares | 0.62% | 592,598 | $234.9M | Reduce -2.2% |
| AVGO Broadcom Inc. | 0.62% | 673,811 | $233.2M | Add +1.4% |
| META Meta Platforms Inc. Class A | 0.60% | 345,067 | $227.8M | Add +3.5% |
| TSLA Tesla Inc. | 0.59% | 497,723 | $223.8M | Reduce -2.2% |
| PLTR Palantir Technologies Inc. Class A | 0.55% | 1,174,291 | $208.7M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 0.55% | 644,594 | $207.7M | Add +0.8% |
| COWZ Pacer US Cash Cows 100 ETF | 0.52% | 3,258,832 | $196.1M | Reduce -15.2% |
| VEA Vanguard Ftse Developed ETF | 0.52% | 3,128,031 | $195.4M | Reduce -6.4% |
| CGGR Cap Group Growth Equity | 0.51% | 4,363,808 | $194.1M | Add +16.3% |
| VIG Vanguard Dividend Apprec ETF | 0.50% | 860,343 | $189.1M | Reduce -2.2% |
| RDVY First Trust Rising Dividend | 0.50% | 2,708,359 | $188.2M | Add +4.5% |
| LLY Eli Lilly & Co. | 0.49% | 173,974 | $187.0M | Reduce -1.6% |
| BND Vanguard Total Bond Market | 0.49% | 2,484,285 | $184.0M | Add +4.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.48% | 946,946 | $180.9M | Reduce -4.0% |
| XLK SS Technology Select Sector | 0.47% | 1,240,181 | $178.5M | Add +0.3% |
| SCHD Schwab US DVD Equity ETF | 0.46% | 6,369,444 | $174.7M | Reduce -7.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.45% | 2,137,148 | $171.4M | Reduce -29.9% |
| JPST JPMorgan Ultra-Short Income | 0.44% | 3,271,997 | $165.5M | Add +34.3% |
| VYM Vanguard High DVD Yield ETF | 0.41% | 1,090,230 | $156.5M | Add +8.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.41% | 1,695,724 | $155.0M | Add +33.5% |
| WMT Walmart Inc. | 0.39% | 1,321,951 | $147.3M | Add +2.9% |
| AGG iShares Core U.S. Aggregate | 0.37% | 1,399,370 | $139.8M | Add +5.8% |
| XOM Exxon Mobil Corp. | 0.37% | 1,152,267 | $138.7M | Add +0.7% |
| IVW iShares S&P 500 Growth ETF | 0.37% | 1,121,790 | $138.3M | Reduce -1.8% |
| V Visa Inc. Class A | 0.36% | 388,298 | $136.2M | Reduce -0.7% |
| USMV iShares MSCI USA Min Vol Fac | 0.35% | 1,418,508 | $133.6M | Add +20.9% |
| BNDX Vanguard Total Intl Bond ETF | 0.35% | 2,715,103 | $131.2M | Add +1.4% |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 684,869 | $131.2M | Reduce -13.8% |
| VGT Vanguard Info Tech ETF | 0.34% | 171,531 | $129.3M | Add +0.2% |
| ABBV Abbvie Inc. | 0.33% | 545,217 | $124.6M | Add +1.8% |
| CAT Caterpillar Inc. | 0.32% | 213,923 | $122.5M | Add +2.9% |
| COST Costco Wholesale Corp. | 0.31% | 136,939 | $118.1M | Reduce -0.0% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.30% | 3,262,912 | $111.8M | Add +14.7% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.29% | 3,214,170 | $111.4M | Add +12.6% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.29% | 2,762,613 | $111.1M | Add +4.7% |
| IVE iShares S&P 500 Value ETF | 0.29% | 514,397 | $109.1M | Add +21.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 1,215,007 | $108.7M | Add +7.5% |
| JEPI JPMorgan Equity Premium Inco | 0.29% | 1,893,752 | $108.4M | Reduce -6.9% |
| SPMO Invesco S&P 500 Momentum ETF | 0.28% | 888,674 | $106.0M | Add +6.0% |
| SCHG Schwab US Large-Cap Growth | 0.28% | 3,233,007 | $105.5M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 0.28% | 734,960 | $105.3M | Add +4.8% |
| BSV Vanguard Short-Term Bond ETF | 0.27% | 1,304,609 | $102.8M | Reduce -0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.27% | 396,925 | $102.4M | Add +15.2% |
| QUAL iShares MSCI USA Quality Fac | 0.27% | 508,907 | $101.1M | Reduce -13.7% |
| IJR iShares Core S&P Small-Cap E | 0.27% | 834,717 | $100.3M | Add +9.8% |
| PHYS Sprott Physical Gold Trust | 0.26% | 3,035,301 | $100.2M | Add +15.5% |
| ITOT iShares Core S&P Total U.S. | 0.26% | 665,622 | $99.0M | Add +4.8% |
| QQQM Invesco Nasdaq 100 ETF | 0.26% | 388,016 | $98.1M | Reduce -46.7% |
| JAAA Janus Henderson Aaa Clo ETF | 0.26% | 1,937,287 | $98.0M | Add +2.4% |
| JNJ Johnson & Johnson | 0.26% | 471,387 | $97.6M | Add +0.2% |
| AIRR First Trust Rba American Ind | 0.26% | 992,070 | $97.5M | Add +0.6% |
| IWF iShares Russell 1000 Growth | 0.26% | 205,720 | $97.4M | Add +1.2% |
| IWY iShares Russell Top 200 Grow | 0.26% | 349,767 | $96.9M | Reduce -3.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 323,961 | $96.0M | Add +6.2% |
| FTCS First Trust Capital Strength | 0.24% | 980,540 | $90.7M | Reduce -3.1% |
| VXF Vanguard Extended Market ETF | 0.24% | 431,867 | $90.3M | Reduce -11.6% |
| SDVY First Trust Smid Cap Rising | 0.24% | 2,350,328 | $90.1M | Add +7.5% |
| AMD Advanced Micro Devices | 0.23% | 414,391 | $88.7M | Add +0.6% |
| IEMG iShares Core MSCI Emerging | 0.23% | 1,306,189 | $87.8M | Add +18.7% |
| TLT iShares 20+ Year Treasury BD | 0.23% | 983,535 | $85.7M | Add +28.8% |
| HD Home Depot Inc. | 0.23% | 249,036 | $85.7M | Add +0.7% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.22% | 1,384,271 | $84.2M | Add +7.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.22% | 287,373 | $83.4M | Add +4.2% |
| IAU iShares Gold Trust | 0.22% | 1,013,242 | $82.2M | Add +1.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 266,382 | $81.0M | Add +4.4% |
| CVX Chevron Corp. | 0.21% | 526,805 | $80.3M | Add +0.5% |
| NFLX Netflix Inc. | 0.21% | 853,653 | $80.0M | Add +2.3% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 0.21% | 2,252,009 | $79.6M | Add +17.2% |
| MINT PIMCO Enhanced Short Maturit | 0.21% | 775,638 | $77.8M | Add +134.3% |
| GSY Invesco Ultra Short Duration | 0.20% | 1,531,312 | $76.9M | Add +673.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.20% | 715,960 | $76.4M | Add +0.3% |
| IJH iShares Core S&P Midcap ETF | 0.20% | 1,146,465 | $75.7M | Add +5.3% |
| SMH Vaneck Semiconductor ETF | 0.20% | 209,848 | $75.6M | Reduce -0.0% |
| FBND Fidelity Total Bond ETF | 0.20% | 1,631,426 | $75.1M | Add +11.8% |
| VCIT Vanguard Int-Term Corporate | 0.20% | 893,254 | $74.8M | Add +9.2% |
| IWM iShares Russell 2000 ETF | 0.20% | 302,938 | $74.6M | Add +3.3% |
| DGRO iShares Core Dividend Growth | 0.20% | 1,062,556 | $73.8M | Add +3.1% |
| MA Mastercard Inc. Class A | 0.19% | 128,968 | $73.6M | Reduce -0.9% |
| SCHX Schwab US Large-Cap ETF | 0.19% | 2,729,048 | $73.4M | Add +0.5% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 1,355,294 | $72.9M | Add +33.9% |
| BIV Vanguard Intermediate-Term B | 0.19% | 934,719 | $72.8M | Add +6.2% |
| IEF iShares 7-10 Year Treasury B | 0.19% | 755,587 | $72.7M | Add +58.6% |
| PVAL Putnam Focused LRG Cap Value | 0.19% | 1,571,225 | $71.6M | Add +42.3% |
| MOAT Vaneck Morningstar Wide Moat | 0.19% | 688,390 | $71.3M | Reduce -2.6% |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.19% | 1,072,509 | $70.3M | New |
Other holdings (11): bonds, preferreds, convertibles and warrants · $11.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,458 | $4.2M | Add +1.4% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 43,799 | $2.1M | Add +6.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,313 | $1.6M | Add +6.4% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 17,497 | $1.4M | Reduce -1.8% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 15,528 | $804K | Reduce -4.6% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 21,696 | $540K | Add +31.6% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 5,160 | $207K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 22,003 | $59K | Add +8.9% |
| RVSNW Rail Vision Ltd.-CW27 | *W EXP 03/27/202 | 132,780 | $9K | Add +17.7% |
| TALKW Hudson Executive Inv -CW25 | *W EXP 06/21/202 | 10,550 | $0 | No change |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | 10,000 | $0 | New |
Total filed on the 13F, all lines: $37.8B.
Portfolio Sells Q3 2025 → Q4 2025
| QQQM Invesco Nasdaq 100 ETF | Reduce -46.7% | 0.26% | −0.23 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -29.9% | 0.45% | −0.20 |
| VOO Vanguard S&P 500 ETF | Reduce -2.6% | 3.16% | −0.13 |
| NVDA Nvidia Corp. | Reduce -0.5% | 2.71% | −0.12 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -38.0% | 0.15% | −0.09 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -15.2% | 0.52% | −0.09 |
| SPHB Invesco S&P 500 High Beta Et | Reduce -95.8% | 0.00% | −0.08 |
| TIP iShares Tips Bond ETF | Reduce -63.0% | 0.04% | −0.08 |
| ORCL Oracle Corp. | Reduce -1.4% | 0.13% | −0.07 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.07 |
| RSP Invesco S&P 500 Equal Weight | Reduce -13.8% | 0.35% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.4% | 2.14% | −0.07 |
| USHY iShares Broad Usd High Yield | Reduce -66.6% | 0.03% | −0.06 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.3% | 1.84% | −0.06 |
| SCHD Schwab US DVD Equity ETF | Reduce -7.6% | 0.46% | −0.06 |
| DFAC Dimensional US Core Equity 2 | Reduce -32.5% | 0.11% | −0.05 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -56.7% | 0.04% | −0.05 |
| SGOV iShares 0-3 Month Treasury B | Reduce -18.0% | 0.18% | −0.05 |
| QUAL iShares MSCI USA Quality Fac | Reduce -13.7% | 0.27% | −0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -1.0% | 1.81% | −0.05 |
| XLF SS Financial Select Sector | Reduce -19.6% | 0.17% | −0.05 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.5% | 0.55% | −0.05 |
| VXF Vanguard Extended Market ETF | Reduce -11.6% | 0.24% | −0.04 |
| SPHY SS SPDR P High Yield ETF | Reduce -33.4% | 0.06% | −0.04 |
| VDC Vanguard Consumer Staple ETF | Reduce -36.2% | 0.06% | −0.04 |
| IBIT iShares Bitcoin Trust ETF | Reduce -1.5% | 0.10% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -0.0% | 0.31% | −0.04 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.03 |
| IGV iShares Expanded Tech-Softwa | Reduce -35.8% | 0.04% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -6.4% | 0.52% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Reduce -6.9% | 0.29% | −0.03 |
| T AT&T Inc. | Reduce -0.2% | 0.17% | −0.03 |
| TSLA Tesla Inc. | Reduce -2.2% | 0.59% | −0.03 |
| DSL Doubleline Income Solutions | Reduce -88.7% | 0.00% | −0.03 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -28.3% | 0.07% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -4.0% | 0.48% | −0.03 |
| COWG Pacer US LRG Cap Cows GR LD | Reduce -17.2% | 0.09% | −0.03 |
| IUSV iShares Core S&P U.S. Value | Reduce -30.4% | 0.06% | −0.03 |
| FVD First Trust Value Line DVD | Reduce -9.4% | 0.17% | −0.03 |
| GLDM SPDR Gold Minishares Trust | Reduce -24.9% | 0.09% | −0.02 |
| ARKK ARK Innovation ETF | Reduce -16.9% | 0.05% | −0.02 |
| PANW Palo Alto Networks Inc. | Reduce -10.4% | 0.08% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.2% | 0.50% | −0.02 |
| FTCS First Trust Capital Strength | Reduce -3.1% | 0.24% | −0.02 |
| TLH iShares 10-20 Year Treasury | Reduce -17.8% | 0.07% | −0.02 |
| VXUS Vanguard Total Intl Stock | Reduce -0.3% | 1.27% | −0.02 |
| HOOD Robinhood Markets Inc. Class A | Reduce -17.2% | 0.03% | −0.02 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -3.2% | 0.05% | −0.02 |
| TFLO iShares Treasury Floating Ra | Reduce -10.1% | 0.12% | −0.02 |
| CSX CSX Corp. | Reduce -30.9% | 0.04% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| AKRE Akre Focus ETF | New | 0.19% | +0.19 |
| GSY Invesco Ultra Short Duration | Add +673.5% | 0.20% | +0.18 |
| BPRE Bluerock Private Real Estate | New | 0.17% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +0.8% | 0.80% | +0.16 |
| MINT PIMCO Enhanced Short Maturit | Add +134.3% | 0.21% | +0.11 |
| CGHM Cap Group Muni High-Income | Add +835.6% | 0.11% | +0.10 |
| JPST JPMorgan Ultra-Short Income | Add +34.3% | 0.44% | +0.10 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +33.5% | 0.41% | +0.09 |
| CGDV Cap Group Dividend Value | Add +12.3% | 0.81% | +0.09 |
| CGGE Cap Group Global Eq | Add +400.0% | 0.08% | +0.07 |
| IEF iShares 7-10 Year Treasury B | Add +58.6% | 0.19% | +0.07 |
| MU Micron Technology Inc. | Add +7.4% | 0.15% | +0.06 |
| JBND JPMorgan Active Bond ETF | Add +268.7% | 0.09% | +0.06 |
| CGGR Cap Group Growth Equity | Add +16.3% | 0.51% | +0.06 |
| PVAL Putnam Focused LRG Cap Value | Add +42.3% | 0.19% | +0.06 |
| AMD Advanced Micro Devices | Add +0.6% | 0.23% | +0.05 |
| CAT Caterpillar Inc. | Add +2.9% | 0.32% | +0.05 |
| PHYS Sprott Physical Gold Trust | Add +15.5% | 0.26% | +0.05 |
| FLCG Fed Hermes Large Cap Growth | Add +714.0% | 0.06% | +0.05 |
| IVE iShares S&P 500 Value ETF | Add +21.4% | 0.29% | +0.05 |
| USMV iShares MSCI USA Min Vol Fac | Add +20.9% | 0.35% | +0.05 |
| VGIT Vanguard Intermediate-Term T | Add +71.0% | 0.11% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.1% | 1.25% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +33.9% | 0.19% | +0.04 |
| GRID First TRST Nasd Class Edg Sgiif | Add +94.8% | 0.09% | +0.04 |
| TLT iShares 20+ Year Treasury BD | Add +28.8% | 0.23% | +0.04 |
| CGDG Cap Group Dividend Growers | Add +46.4% | 0.13% | +0.04 |
| AVDE Avantis International Equity | Add +81.1% | 0.08% | +0.04 |
| PSLV Sprott Physical Silver Trust | Add +40.0% | 0.07% | +0.04 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +14.7% | 0.30% | +0.03 |
| AMZN Amazon.com Inc. | Add +1.2% | 1.48% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +18.7% | 0.23% | +0.03 |
| SCHB Schwab US Broad Market ETF | Add +35.5% | 0.12% | +0.03 |
| EDV Vanguard Extended Dur Treas | Add +326.1% | 0.04% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +15.2% | 0.27% | +0.03 |
| CGBL Cap Group Core Balanced | Add +17.2% | 0.21% | +0.03 |
| CRM Salesforce Inc. | Add +19.3% | 0.12% | +0.03 |
| CGGO Cap Group Global Growth | Add +12.6% | 0.29% | +0.03 |
| WMT Walmart Inc. | Add +2.9% | 0.39% | +0.03 |
| XBI SS SPDR S&P Biotech ETF | Add +139.3% | 0.04% | +0.02 |
| FTEC Fidelity MSCI Info Tech Indx | Add +21.7% | 0.15% | +0.02 |
| JMST JPM Ultra-Short Muni Income | Add +76.4% | 0.06% | +0.02 |
| MRK Merck & Co. Inc. | Add +3.8% | 0.12% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +8.3% | 0.41% | +0.02 |
| FSSL FS Specialty Lending Fund | New | 0.02% | +0.02 |
| CGMM Cap Group Small and Mid Cap | Add +223.7% | 0.03% | +0.02 |
| JEPQ JPM Nasdaq Equity Premium | Add +24.9% | 0.13% | +0.02 |
| CIBR First Trust Nasdaq Cybersecu | Add +29.6% | 0.15% | +0.02 |
| JMUB JPMorgan Municipal ETF | Add +106.1% | 0.04% | +0.02 |
| GRNY Fundstr Gran SH US LRG Cap | Add +54.2% | 0.07% | +0.02 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.4% | 3,458 | $4.2M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +6.3% | 43,799 | $2.1M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +6.4% | 1,313 | $1.6M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Reduce -1.8% | 17,497 | $1.4M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -4.6% | 15,528 | $804K |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +31.6% | 21,696 | $540K |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Add +8.9% | 22,003 | $59K |
| RVSNW Rail Vision Ltd.-CW27 | *W EXP 03/27/202 | Add +17.7% | 132,780 | $9K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 81,281 | $6Kbefore exit |
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | Sold out | 19,016 | $1Kbefore exit |
| SMXWW SMX Security Matters PLC-28 | *W EXP 03/07/202 | New | 10,000 | $0 |
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 |