Candriam S.C.A.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Candriam S.C.A. reported 635 stock positions worth $19.0 billion. Its top holding was Microsoft (MSFT) at 7.1% of the portfolio, followed by Nvidia (NVDA, 6.8%) and Apple (AAPL, 4.6%). Compared with Q2 2025, it opened 28 new positions, sold out of 39, added to 257 and reduced 281. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale Intuitive Surgical (ISRG, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- STRASSEN, N4
- CIK
- 0001537014
- Portfolio Value
- $19.0B (Q3 2025)
- SEC Filing
- 0001537014-25-000006 ↗ filed Nov 6, 2025
Holdings Value
Holdings 635 stocks · $19.0B
| MSFT Microsoft Corp. | 7.10% | 2,603,908 | $1.3B | Add +0.8% |
| NVDA Nvidia Corp. | 6.77% | 6,895,919 | $1.3B | Reduce -7.2% |
| AAPL Apple Inc. | 4.56% | 3,402,027 | $866.3M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 3.02% | 2,360,820 | $573.9M | Add +1.2% |
| AMZN Amazon.com Inc. | 2.70% | 2,337,689 | $513.3M | Add +6.5% |
| AVGO Broadcom Inc. | 2.50% | 1,440,554 | $475.3M | Reduce -8.1% |
| LLY Eli Lilly & Co. | 1.85% | 460,092 | $351.1M | Reduce -0.2% |
| MA Mastercard Inc. Class A | 1.29% | 431,879 | $245.7M | Reduce -2.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.28% | 870,862 | $243.2M | Add +1.1% |
| META Meta Platforms Inc. Class A | 1.22% | 316,132 | $232.2M | Reduce -11.7% |
| GOOG Alphabet Inc. Class C | 1.15% | 895,913 | $218.2M | Reduce -5.8% |
| JPM JPMorgan Chase & Co. | 1.12% | 672,749 | $212.2M | Reduce -2.1% |
| PANW Palo Alto Networks Inc. | 1.11% | 1,035,212 | $210.8M | Add +27.7% |
| ABBV Abbvie Inc. | 1.02% | 835,716 | $193.5M | Add +45.1% |
| V Visa Inc. Class A | 0.97% | 537,784 | $183.6M | Add +7.3% |
| GILD Gilead Sciences Inc. | 0.95% | 1,620,397 | $179.9M | Add +7.3% |
| ABT Abbott Laboratories | 0.83% | 1,172,360 | $157.0M | Add +12.0% |
| CRM Salesforce Inc. | 0.82% | 654,166 | $155.0M | Reduce -12.5% |
| NOW ServiceNow Inc. | 0.81% | 166,676 | $153.4M | Add +34.5% |
| LRCX Lam Research Corp. | 0.78% | 1,112,155 | $148.9M | Add +8.0% |
| MCK McKesson Corp. | 0.77% | 190,186 | $146.9M | Add +26.3% |
| PG The Procter & Gamble Co. | 0.73% | 900,708 | $138.4M | Reduce -17.6% |
| HD Home Depot Inc. | 0.72% | 337,853 | $136.9M | Add +6.4% |
| TSLA Tesla Inc. | 0.70% | 298,260 | $132.6M | Add +19.8% |
| TMO Thermo Fisher Scientific Inc. | 0.69% | 272,114 | $132.0M | Reduce -19.4% |
| WM Waste Management Inc. | 0.68% | 581,442 | $128.4M | Reduce -10.6% |
| AMGN Amgen Inc. | 0.66% | 445,220 | $125.6M | Reduce -12.0% |
| BSX Boston Scientific Corp. | 0.64% | 1,247,471 | $121.8M | Add +49.2% |
| ISRG Intuitive Surgical Inc. | 0.64% | 270,080 | $120.8M | Reduce -19.0% |
| MRK Merck & Co. Inc. | 0.63% | 1,419,161 | $119.1M | Reduce -14.2% |
| JNJ Johnson & Johnson | 0.62% | 636,024 | $117.9M | Add +115.1% |
| ZTS Zoetis Inc. | 0.60% | 784,345 | $114.8M | Add +31.9% |
| ICE Intercontinental Exchange Inc. | 0.60% | 675,280 | $113.8M | Add +46.2% |
| A Agilent Technologies Inc. | 0.60% | 882,230 | $113.2M | Add +65.4% |
| MU Micron Technology Inc. | 0.51% | 580,820 | $97.2M | Reduce -33.6% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.51% | 212,416 | $96.9M | Reduce -10.8% |
| WAB Wabtec Corp. | 0.51% | 482,986 | $96.8M | Add +3.9% |
| REGN Regeneron Pharmaceuticals | 0.50% | 169,495 | $95.3M | Add +19.2% |
| BKNG Booking Holdings Inc. | 0.49% | 17,257 | $93.2M | Add +16.9% |
| CDNS Cadence Design SYS Inc. | 0.47% | 256,889 | $90.2M | Add +9.9% |
| DHR Danaher Corp. | 0.46% | 444,856 | $88.2M | Reduce -1.6% |
| NFLX Netflix Inc. | 0.46% | 73,149 | $87.7M | Add +1.2% |
| ADSK Autodesk Inc. | 0.46% | 274,147 | $87.1M | Reduce -10.9% |
| CSCO Cisco Systems Inc. | 0.46% | 1,270,551 | $86.9M | Reduce -0.8% |
| PGR Progressive Corp. | 0.45% | 348,804 | $86.1M | Add +6.0% |
| ECL Ecolab Inc. | 0.44% | 305,213 | $83.6M | Add +0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.43% | 567,088 | $82.0M | Reduce -8.9% |
| XYL Xylem Inc. | 0.43% | 555,602 | $82.0M | Add +11.6% |
| AXP American Express Co. | 0.42% | 242,912 | $80.7M | Reduce -23.1% |
| UNH Unitedhealth Group Inc. | 0.42% | 233,272 | $80.5M | Add +19.5% |
| ON On Semiconductor | 0.42% | 1,611,979 | $79.5M | Reduce -6.4% |
| MS Morgan Stanley | 0.42% | 500,027 | $79.5M | Add +1.1% |
| MPWR Monolithic Power Systems Inc. | 0.42% | 85,907 | $79.1M | Add +6.9% |
| AMD Advanced Micro Devices | 0.41% | 482,071 | $78.0M | Reduce -4.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.41% | 4,870,000 | $78.0M | Add +833.0% |
| VEEV Veeva Systems Inc. Class A | 0.41% | 258,784 | $77.1M | Add +1.4% |
| MRVL Marvell Technology Inc. | 0.40% | 896,258 | $75.3M | Reduce -7.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.39% | 152,649 | $74.9M | Add +104.5% |
| WMT Walmart Inc. | 0.39% | 716,269 | $73.8M | Add +0.9% |
| WELL Welltower Inc. | 0.38% | 407,259 | $72.5M | Reduce -2.3% |
| ONC Beone Medicines Ltd.-ADR | 0.38% | 212,568 | $72.4M | Reduce -24.2% |
| TRMB Trimble Inc. | 0.38% | 886,977 | $72.4M | Add +2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.38% | 630,740 | $72.2M | Add +60.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.38% | 1,394,480 | $71.9M | Add +3.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.37% | 640,446 | $69.8M | Reduce -9.7% |
| ADP Automatic Data Processing | 0.37% | 237,516 | $69.7M | Add +17.2% |
| GEV GE Vernova Inc. | 0.36% | 111,578 | $68.6M | Reduce -22.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.36% | 174,567 | $68.4M | Reduce -1.0% |
| EQIX Equinix Inc. | 0.35% | 84,128 | $65.9M | Add +95.8% |
| SYK Stryker Corp. | 0.35% | 177,434 | $65.6M | Reduce -0.9% |
| SCHW Schwab (charles) Corp. | 0.34% | 685,923 | $65.5M | Add +486.0% |
| EMR Emerson Electric Co. | 0.34% | 493,220 | $64.7M | Reduce -46.0% |
| ADI Analog Devices Inc. | 0.34% | 260,724 | $64.1M | Add +46.8% |
| INCY Incyte Corp. | 0.34% | 753,332 | $63.9M | Reduce -26.9% |
| PTC PTC Inc. | 0.32% | 302,266 | $61.4M | Reduce -5.9% |
| CRDO Credo Technology Group Holdi | 0.32% | 418,771 | $61.0M | No change |
| SPGI S&P Global Inc. | 0.32% | 124,659 | $60.7M | Add +13.4% |
| BNTX Biontech SE-ADR | 0.31% | 589,452 | $58.1M | Add +0.5% |
| INSM Insmed Inc. | 0.30% | 397,588 | $57.3M | Reduce -9.4% |
| QCOM Qualcomm Inc. | 0.30% | 340,908 | $56.7M | Reduce -18.5% |
| ROK Rockwell Automation Inc. | 0.29% | 155,319 | $54.3M | Reduce -21.2% |
| EXC Exelon Corp. | 0.28% | 1,198,043 | $53.9M | Reduce -0.5% |
| AWK American Water Works Co. Inc. | 0.28% | 385,819 | $53.7M | Reduce -0.4% |
| NEE Nextera Energy Inc. | 0.28% | 692,169 | $52.3M | Add +32.8% |
| PFE Pfizer Inc. | 0.27% | 2,033,302 | $51.8M | Reduce -9.3% |
| IQV Iqvia Holdings Inc. | 0.27% | 272,747 | $51.8M | Add +61.2% |
| UTHR United Therapeutics Corp. | 0.27% | 123,387 | $51.7M | Add +48.3% |
| ZS Zscaler Inc. | 0.27% | 170,808 | $51.2M | Add +7.9% |
| ORCL Oracle Corp. | 0.27% | 180,311 | $50.7M | Add +16.1% |
| TRV The Travelers Cos Inc. | 0.25% | 171,694 | $47.9M | Add +750.4% |
| SNPS Synopsys Inc. | 0.24% | 93,639 | $46.2M | Add +4.7% |
| COST Costco Wholesale Corp. | 0.24% | 49,442 | $45.8M | Reduce -6.5% |
| EBAY eBay Inc. | 0.24% | 502,160 | $45.7M | Reduce -26.2% |
| MDB Mongodb Inc. | 0.24% | 146,786 | $45.6M | Add +32.2% |
| USB US Bancorp | 0.24% | 928,888 | $44.9M | Add +58.2% |
| BAP Credicorp Ltd. | 0.24% | 168,390 | $44.8M | Add +146.3% |
| KO The Coca-Cola Co. | 0.23% | 663,396 | $44.0M | Reduce -6.1% |
| PH Parker Hannifin Corp. | 0.23% | 57,624 | $43.7M | Reduce -2.2% |
| PEP Pepsico Inc. | 0.23% | 305,609 | $42.9M | Reduce -2.8% |
| SYF Synchrony Financial | 0.22% | 600,170 | $42.6M | Reduce -9.8% |
Other holdings (30): bonds, preferreds, convertibles and warrants · $100.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MTLS Materialise NV-ADR | SPONSORED ADS · principal | 21,857 | $23.1M | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 9,000 | $9.1M | Add +1.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 6,500 | $6.2M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 6,000 | $6.1M | Add +7.1% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 6,100 | $5.8M | Add +45.2% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 6,200 | $5.7M | Reduce -51.6% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 4,600 | $5.5M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 4,000 | $4.2M | Reduce -63.0% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 4,100 | $4.0M | Reduce -30.5% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 4,150 | $3.8M | Reduce -20.9% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 3,500 | $3.5M | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 3,000 | $3.0M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 3,000 | $2.9M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 2,880 | $2.7M | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,900 | $2.4M | Add +58.3% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,950 | $2.3M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 1,700 | $1.6M | No change |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 1,300 | $1.4M | Add +44.4% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 1,200 | $1.2M | Reduce -75.5% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,100 | $1.2M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,050 | $1.1M | No change |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 550 | $862K | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 500 | $815K | Reduce -82.5% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 200 | $564K | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 400 | $450K | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 300 | $283K | No change |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 200 | $259K | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 200 | $213K | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 200 | $209K | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 300 | $309 | Reduce -50.0% |
Total filed on the 13F, all lines: $19.1B.
Portfolio Sells Q2 2025 → Q3 2025
| ISRG Intuitive Surgical Inc. | Reduce -19.0% | 0.64% | −0.42 |
| CRM Salesforce Inc. | Reduce -12.5% | 0.82% | −0.37 |
| EMR Emerson Electric Co. | Reduce -46.0% | 0.34% | −0.37 |
| MELI MercadoLibre Inc. | Reduce -57.6% | 0.18% | −0.35 |
| META Meta Platforms Inc. Class A | Reduce -11.7% | 1.22% | −0.31 |
| PG The Procter & Gamble Co. | Reduce -17.6% | 0.73% | −0.28 |
| LLY Eli Lilly & Co. | Reduce -0.2% | 1.85% | −0.24 |
| DGX Quest Diagnostics Inc. | Reduce -73.0% | 0.07% | −0.20 |
| CTAS Cintas Corp. | Reduce -39.8% | 0.19% | −0.19 |
| WM Waste Management Inc. | Reduce -10.6% | 0.68% | −0.19 |
| IDXX Idexx Laboratories Inc. | Reduce -70.9% | 0.08% | −0.17 |
| OTIS Otis Worldwide Corp. | Reduce -76.7% | 0.04% | −0.16 |
| AXP American Express Co. | Reduce -23.1% | 0.42% | −0.16 |
| AMGN Amgen Inc. | Reduce -12.0% | 0.66% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -2.9% | 1.29% | −0.16 |
| HCA HCA Healthcare Inc. | Reduce -38.7% | 0.22% | −0.14 |
| MDLZ Mondelez International Inc. Class A | Reduce -29.9% | 0.19% | −0.13 |
| MRK Merck & Co. Inc. | Reduce -14.2% | 0.63% | −0.13 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.12 |
| MU Micron Technology Inc. | Reduce -33.6% | 0.51% | −0.11 |
| FISV Fiserv Inc. | Reduce -26.9% | 0.11% | −0.11 |
| AMAT Applied Materials Inc. | Reduce -36.2% | 0.19% | −0.11 |
| ON On Semiconductor | Reduce -6.4% | 0.42% | −0.11 |
| NKE Nike Inc. Class B | Reduce -60.7% | 0.06% | −0.10 |
| CSL Carlisle Cos Inc. | Reduce -76.8% | 0.02% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Reduce -19.4% | 0.69% | −0.10 |
| VTR Ventas Inc. | Reduce -85.3% | 0.02% | −0.10 |
| CME Cme Group Inc. | Reduce -38.5% | 0.12% | −0.10 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -1.0% | 0.36% | −0.10 |
| ADSK Autodesk Inc. | Reduce -10.9% | 0.46% | −0.09 |
| ROK Rockwell Automation Inc. | Reduce -21.2% | 0.29% | −0.09 |
| MET Metlife Inc. | Reduce -71.6% | 0.03% | −0.09 |
| FICO Fair Isaac Corp. | Reduce -79.7% | 0.02% | −0.09 |
| SUI Sun Communities Inc. | Reduce -93.4% | 0.01% | −0.09 |
| WCN Waste Connections Inc. | Reduce -42.9% | 0.08% | −0.09 |
| QCOM Qualcomm Inc. | Reduce -18.5% | 0.30% | −0.09 |
| HR Healthcare Realty Trust Inc. | Reduce -97.9% | 0.00% | −0.09 |
| MTZ Mastec Inc. | Reduce -57.9% | 0.08% | −0.09 |
| LRN Stride Inc. | Reduce -55.7% | 0.06% | −0.08 |
| PODD Insulet Corp. | Reduce -52.7% | 0.06% | −0.08 |
| GEV GE Vernova Inc. | Reduce -22.3% | 0.36% | −0.08 |
| SHW The Sherwin-Williams Co. | Reduce -67.0% | 0.03% | −0.08 |
| BSAC Banco Santander-Chile-ADR | Sold out | 0.00% | −0.07 |
| INCY Incyte Corp. | Reduce -26.9% | 0.34% | −0.07 |
| ELV Elevance Health Inc. | Reduce -27.0% | 0.08% | −0.07 |
| BRKR Bruker Corp. | Reduce -22.0% | 0.09% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -34.7% | 0.10% | −0.07 |
| GWRE Guidewire Software Inc. | Sold out | 0.00% | −0.07 |
| SYK Stryker Corp. | Reduce -0.9% | 0.35% | −0.07 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +1.2% | 3.02% | +0.64 |
| ABBV Abbvie Inc. | Add +45.1% | 1.02% | +0.40 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +833.0% | 0.41% | +0.37 |
| JNJ Johnson & Johnson | Add +115.1% | 0.62% | +0.36 |
| SCHW Schwab (charles) Corp. | Add +486.0% | 0.34% | +0.28 |
| TSLA Tesla Inc. | Add +19.8% | 0.70% | +0.24 |
| A Agilent Technologies Inc. | Add +65.4% | 0.60% | +0.23 |
| TRV The Travelers Cos Inc. | Add +750.4% | 0.25% | +0.22 |
| WDC Western Digital Corp. | Add +1019.0% | 0.22% | +0.21 |
| LRCX Lam Research Corp. | Add +8.0% | 0.78% | +0.20 |
| PYPL PayPal Holdings Inc. | Add +619.4% | 0.22% | +0.18 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +104.5% | 0.39% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.1% | 1.28% | +0.15 |
| EQIX Equinix Inc. | Add +95.8% | 0.35% | +0.15 |
| BAP Credicorp Ltd. | Add +146.3% | 0.24% | +0.15 |
| PANW Palo Alto Networks Inc. | Add +27.7% | 1.11% | +0.15 |
| UTHR United Therapeutics Corp. | Add +48.3% | 0.27% | +0.13 |
| MCK McKesson Corp. | Add +26.3% | 0.77% | +0.13 |
| BSX Boston Scientific Corp. | Add +49.2% | 0.64% | +0.12 |
| FUTU Futu Holdings Ltd.-ADR | Add +165.1% | 0.17% | +0.12 |
| BMO Bank of Montreal | Add +2553.4% | 0.12% | +0.12 |
| IQV Iqvia Holdings Inc. | Add +61.2% | 0.27% | +0.12 |
| ICE Intercontinental Exchange Inc. | Add +46.2% | 0.60% | +0.11 |
| KMX Carmax Inc. | Add +1916.2% | 0.12% | +0.11 |
| CGON CG Oncology Inc. | Add +35.9% | 0.22% | +0.10 |
| MDB Mongodb Inc. | Add +32.2% | 0.24% | +0.10 |
| VNET Vnet Group Inc.-ADR | New | 0.10% | +0.10 |
| VNO Vornado Realty Trust | Add +173.8% | 0.17% | +0.10 |
| DIS The Walt Disney Co. | Add +60.0% | 0.38% | +0.10 |
| ADI Analog Devices Inc. | Add +46.8% | 0.34% | +0.09 |
| MSCI MSCI Inc. | Add +577.5% | 0.11% | +0.09 |
| FSLR First Solar Inc. | Add +70.2% | 0.17% | +0.09 |
| DLR Digital Realty Trust Inc. | Add +381.7% | 0.12% | +0.09 |
| MTB M & T Bank Corp. | Add +496.9% | 0.11% | +0.09 |
| USB US Bancorp | Add +58.2% | 0.24% | +0.08 |
| JBL Jabil Inc. | Add +168.7% | 0.14% | +0.08 |
| CELC Celcuity Inc. | Add +48.3% | 0.10% | +0.08 |
| PDD PDD Holdings Inc. | Add +158.1% | 0.12% | +0.08 |
| MPWR Monolithic Power Systems Inc. | Add +6.9% | 0.42% | +0.08 |
| AEM Agnico Eagle Mines Ltd. | Add +26.4% | 0.19% | +0.07 |
| ROIV Roivant Sciences Ltd. | Add +43.5% | 0.17% | +0.07 |
| BMA Banco Macro SA-ADR | New | 0.07% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +19.5% | 0.42% | +0.07 |
| ORCL Oracle Corp. | Add +16.1% | 0.27% | +0.07 |
| REGN Regeneron Pharmaceuticals | Add +19.2% | 0.50% | +0.07 |
| NOW ServiceNow Inc. | Add +34.5% | 0.81% | +0.07 |
| RL Ralph Lauren Corp. | Add +38.8% | 0.22% | +0.07 |
| ZTS Zoetis Inc. | Add +31.9% | 0.60% | +0.07 |
| HIMS Hims & Hers Health Inc. | Add +245.0% | 0.09% | +0.07 |
| APP AppLovin Corp. Class A | Add +8.2% | 0.13% | +0.07 |
Notes & Other Activity Q2 2025 → Q3 2025
| MTLS Materialise NV-ADR | SPONSORED ADS · principal | New | 21,857 | $23.1M |
| RL Ralph Lauren Corp. | CL A · principal | Sold out | 9,557 | $9.5Mbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +1.1% | 9,000 | $9.1M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +7.1% | 6,000 | $6.1M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Add +45.2% | 6,100 | $5.8M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Reduce -51.6% | 6,200 | $5.7M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 4,600 | $5.5M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Sold out | 2,950 | $4.6Mbefore exit |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Reduce -63.0% | 4,000 | $4.2M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -30.5% | 4,100 | $4.0M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -20.9% | 4,150 | $3.8M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | New | 3,000 | $3.0M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 3,000 | $2.9M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +58.3% | 1,900 | $2.4M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Add +44.4% | 1,300 | $1.4M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -75.5% | 1,200 | $1.2M |
| NU Nu Holdings Ltd./Cayman Isl-A | ORD SHS CL A · principal | Sold out | 500 | $1.1Mbefore exit |
| VMC Vulcan Materials Co. | COM · principal | Sold out | 700 | $941Kbefore exit |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | New | 550 | $862K |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -82.5% | 500 | $815K |
| SQM Quimica Y Minera Chil-SP ADR | SPON ADR SER B · principal | Sold out | 200 | $304Kbefore exit |
| BBD Banco Bradesco-ADR | SP ADR PFD NEW · principal | Sold out | 350 | $295Kbefore exit |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 200 | $259Kbefore exit |
| GFI Gold Fields Ltd.-Spons ADR | SPONSORED ADR · principal | Sold out | 200 | $236Kbefore exit |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Reduce -50.0% | 300 | $309 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 660 | $22.1B | NVDA, AAPL, MSFT, GOOGL, AVGO |
| Q1 2026 | 673 | $19.2B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q4 2025Amended | 662 | $20.0B | NVDA, MSFT, AAPL, GOOGL, AMZN |
| Q3 2025 | 635 | $19.0B | MSFT, NVDA, AAPL, GOOGL, AMZN |
| Q2 2025 | 646 | $17.2B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q1 2025 | 640 | $15.9B | MSFT, NVDA, AAPL, GOOGL, LLY |
| Q4 2024 | 638 | $17.2B | MSFT, NVDA, AAPL, GOOGL, AMZN |
| Q3 2024 | 638 | $17.3B | MSFT, NVDA, AAPL, GOOGL, LLY |
| Q2 2024 | 642 | $16.4B | MSFT, NVDA, AAPL, GOOGL, LLY |
| Q1 2024 | 647 | $15.5B | MSFT, AAPL, NVDA, GOOGL, MRK |