Capital International, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Capital International, Inc. reported 303 stock positions worth $8.2 billion. Its top holding was Broadcom (AVGO) at 4.2% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Meta Platforms Class A (META, 2.7%). Compared with Q4 2024, it opened 17 new positions, sold out of 15, added to 138 and reduced 137. The biggest buy was Philip Morris International (PM, shares +7%) and the biggest sale Broadcom (AVGO, shares −12%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0000895213
Portfolio Value
$8.2B (Q1 2025)
SEC Filing
0000732812-25-000011 ↗ filed May 12, 2025

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $7.4B Q1 2024 Q2 2024: $7.5B Q2 2024 Q3 2024: $7.9B Q3 2024 Q4 2024: $8.5B Q4 2024 Q1 2025: $8.2B $8.2B Q1 2025 Q2 2025: $10.3B Q2 2025 Q3 2025: $12.5B Q3 2025 Q4 2025: $12.7B Q4 2025 Q1 2026: $12.9B Q1 2026 Q2 2026: $14.2B Q2 2026

Holdings 303 stocks · $8.2B

AVGO Broadcom Inc. 4.17% 2,052,641 $343.7M Reduce -11.8%
MSFT Microsoft Corp. 4.16% 913,284 $342.8M Add +4.5%
META Meta Platforms Inc. Class A 2.67% 381,138 $219.7M Add +2.4%
DB Deutsche Bank AG-Registered 2.61% 9,107,324 $214.9M Reduce -1.8%
PM Philip Morris International 2.35% 1,220,312 $193.7M Add +7.1%
AAPL Apple Inc. 2.07% 768,749 $170.8M Add +5.0%
NVDA Nvidia Corp. 1.85% 1,404,288 $152.2M Add +19.0%
JPM JPMorgan Chase & Co. 1.66% 557,857 $136.8M Add +5.5%
V Visa Inc. Class A 1.52% 356,624 $125.0M Add +0.1%
AMZN Amazon.com Inc. 1.52% 656,518 $124.9M Add +24.8%
LLY Eli Lilly & Co. 1.47% 146,585 $121.1M Reduce -0.3%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 1.45% 437,382 $119.0M Reduce -21.2%
UNH Unitedhealth Group Inc. 1.42% 223,571 $117.1M Add +3.0%
GOOG Alphabet Inc. Class C 1.39% 731,759 $114.3M Add +4.8%
RCL Royal Caribbean Cruises Ltd. 1.29% 517,480 $106.3M Reduce -3.7%
MA Mastercard Inc. Class A 1.26% 188,883 $103.5M Add +4.7%
MRSH Marsh & McLennan Cos 1.25% 420,421 $102.6M Reduce -0.1%
RACE Ferrari NV 1.17% 227,677 $96.7M Add +3.2%
ABT Abbott Laboratories 1.17% 728,257 $96.6M Add +6.0%
MELI MercadoLibre Inc. 1.15% 48,673 $95.0M Reduce -10.1%
GE General Electric filed as GE AEROSPACE 1.12% 460,002 $92.1M Add +0.0%
TSM Taiwan Semiconductor-SP ADR 1.02% 506,178 $84.0M Reduce -4.4%
B Barrick Gold Corp. 0.93% 3,926,449 $76.3M Add +5.0%
NFLX Netflix Inc. 0.92% 81,651 $76.1M Reduce -5.8%
RYAAY Ryanair Holdings PLC-SP ADR 0.88% 1,702,194 $72.1M Add +1.6%
AMGN Amgen Inc. 0.87% 229,325 $71.4M Add +37.1%
CARR Carrier Global Corp. 0.81% 1,053,764 $66.8M Reduce -1.5%
ABBV Abbvie Inc. 0.81% 317,494 $66.5M Reduce -22.7%
ASML ASML Holding NV-NY Reg SHS 0.78% 96,579 $64.0M Reduce -1.6%
VRTX Vertex Pharmaceuticals Inc. 0.77% 131,225 $63.6M Add +5.7%
CRM Salesforce Inc. 0.75% 231,171 $62.0M Add +5.0%
LIN Linde PLC 0.75% 133,102 $62.0M Reduce -6.0%
WELL Welltower Inc. 0.75% 403,806 $61.9M Reduce -4.2%
TSLA Tesla Inc. 0.75% 237,974 $61.7M Reduce -6.3%
GOOGL Alphabet Inc. Class A 0.75% 398,241 $61.6M Reduce -3.7%
SHOP Shopify Inc. Class A 0.73% 633,643 $60.5M Reduce -1.1%
BNTX Biontech SE-ADR 0.71% 638,099 $58.1M Reduce -4.5%
CB Chubb Ltd. 0.65% 178,008 $53.8M Add +7.3%
TDG Transdigm Group Inc. 0.65% 38,555 $53.3M Reduce -4.5%
CEG Constellation Energy 0.65% 264,093 $53.2M Add +8.6%
DHR Danaher Corp. 0.63% 253,479 $52.0M Reduce -8.2%
FLUT Flutter Entertainment PLC-Di 0.61% 227,863 $50.5M Reduce -2.1%
NOC Northrop Grumman Corp. 0.61% 97,830 $50.1M Add +2.5%
HTHT H World Group Ltd.-ADR 0.61% 1,351,027 $50.0M Reduce -23.6%
NTES Netease Inc.-ADR 0.59% 473,629 $48.7M Reduce -0.1%
TCOM Trip.com Group Ltd.-ADR 0.58% 755,663 $48.0M Reduce -2.5%
YUM Yum! Brands Inc. 0.58% 303,308 $47.7M Reduce -4.0%
COST Costco Wholesale Corp. 0.57% 49,489 $46.8M Add +8.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.57% 135,520 $46.8M Add +22.9%
REGN Regeneron Pharmaceuticals 0.56% 73,211 $46.4M Add +3.7%
BLK BlackRock Inc. 0.53% 46,436 $44.0M Add +15.2%
COP Conocophillips 0.53% 417,693 $43.9M Add +13.6%
ATO Atmos Energy Corp. 0.53% 280,671 $43.4M Reduce -0.6%
CTVA Corteva Inc. 0.52% 684,610 $43.1M Add +4.7%
CPNG Coupang Inc. 0.52% 1,964,347 $43.1M Add +28.9%
SBUX Starbucks Corp. 0.51% 428,756 $42.1M Add +25.1%
KLAC KLA Corp. 0.50% 61,084 $41.5M Reduce -9.7%
TFC Truist Financial Corp. 0.50% 999,315 $41.1M Add +20.5%
CNI Canadian Natl Railway Co. 0.50% 419,418 $40.8M Reduce -21.2%
MDLZ Mondelez International Inc. Class A 0.49% 600,257 $40.7M Add +250.1%
TFII Tfi International Inc. 0.49% 523,241 $40.5M Reduce -5.9%
BMY Bristol-Myers Squibb Co. 0.49% 660,611 $40.3M Add +4.3%
NOW ServiceNow Inc. 0.49% 50,204 $40.0M Reduce -3.3%
MU Micron Technology Inc. 0.47% 449,440 $39.1M Add +37.0%
FDX FedEx Corp. 0.46% 156,507 $38.2M Add +3.4%
RTX RTX Corp. 0.46% 287,812 $38.1M Reduce -0.2%
TBBB BBB Foods Inc. Class A 0.46% 1,426,293 $38.1M Add +12.0%
NI Nisource Inc. 0.46% 938,869 $37.6M Reduce -0.3%
MMYT Makemytrip Ltd. 0.45% 381,161 $37.3M Reduce -0.9%
BKNG Booking Holdings Inc. 0.45% 8,074 $37.2M Reduce -6.4%
AMX America Movil Sab DE CV 0.45% 2,583,562 $36.7M Reduce -3.0%
GEV GE Vernova Inc. 0.44% 119,680 $36.5M Add +20.0%
IR Ingersoll-Rand Inc. 0.44% 450,323 $36.0M Add +9.2%
SRE Sempra 0.44% 503,199 $35.9M Add +0.4%
CMCSA Comcast Corp. Class A 0.43% 970,265 $35.8M Reduce -8.3%
KKR KKR & Co. Inc. 0.40% 283,416 $32.8M Reduce -18.6%
DFS Discover Financial Services 0.40% 191,138 $32.6M Reduce -19.5%
HD Home Depot Inc. 0.39% 88,598 $32.5M Reduce -21.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.39% 769,013 $32.1M Add +30.4%
CVS CVS Health Corp. 0.38% 459,551 $31.1M Add +10.6%
MSI Motorola Solutions Inc. 0.38% 70,738 $31.0M Add +0.7%
TEAM Atlassian Corp. Class A 0.37% 145,126 $30.8M Reduce -4.7%
TMO Thermo Fisher Scientific Inc. 0.36% 60,228 $30.0M Add +28.8%
DRI Darden Restaurants Inc. 0.36% 142,053 $29.5M Add +6.1%
EOG EOG Resources Inc. 0.36% 228,810 $29.3M Reduce -15.1%
AON Aon PLC Class A 0.34% 70,751 $28.2M Add +1.2%
GILD Gilead Sciences Inc. 0.34% 249,385 $27.9M Reduce -20.1%
BX Blackstone Inc. 0.34% 198,010 $27.7M Reduce -17.1%
ATI Ati Inc. 0.33% 524,100 $27.3M Reduce -4.7%
PAYX Paychex Inc. 0.32% 173,264 $26.7M Add +9.1%
PGR Progressive Corp. 0.32% 92,786 $26.3M Add +32.6%
HLT Hilton Worldwide Holdings Inc. 0.32% 114,170 $26.0M Reduce -19.4%
ISRG Intuitive Surgical Inc. 0.31% 51,731 $25.6M Add +5.3%
CAT Caterpillar Inc. 0.31% 77,454 $25.5M Reduce -40.3%
MAR Marriott International Class A 0.30% 104,571 $24.9M Add +2.4%
XOM Exxon Mobil Corp. 0.29% 202,103 $24.0M Reduce -6.1%
MO Altria Group Inc. 0.29% 399,198 $24.0M Add +40.4%
ELV Elevance Health Inc. 0.29% 54,552 $23.7M Add +22.9%
BA The Boeing Co. 0.29% 138,289 $23.6M Add +9.3%
CHD Church & Dwight Co. Inc. 0.29% 213,522 $23.5M Add +11.9%
SNPS Synopsys Inc. 0.28% 54,395 $23.3M Add +27.6%
TOST Toast Inc. Class A 0.28% 686,399 $22.8M Reduce -4.4%
MTD Mettler-Toledo International 0.27% 19,079 $22.5M Add +7.6%
STLA Stellantis NV 0.27% 1,990,003 $22.1M Reduce -19.4%
HON Honeywell International Inc. 0.27% 104,381 $22.1M Add +23.9%
AZN Astrazeneca PLC-Spons ADR 0.26% 295,955 $21.8M Add +1.2%
CME Cme Group Inc. 0.26% 81,300 $21.6M Reduce -20.1%
SPGI S&P Global Inc. 0.26% 42,125 $21.4M Reduce -25.1%
KDP Keurig Dr Pepper Inc. 0.26% 617,235 $21.1M Add +6.3%
PDD PDD Holdings Inc. 0.26% 178,113 $21.1M Add +132.1%
CHTR Charter Communications Inc. Class A 0.26% 57,080 $21.0M Reduce -28.0%
FTAI Ftai Aviation Ltd. 0.25% 188,770 $21.0M Add +11.9%
AMAT Applied Materials Inc. 0.24% 138,789 $20.1M Add +11.9%
CNQ Canadian Natural Resources 0.24% 648,777 $20.0M Reduce -19.5%
ACN Accenture PLC Class A 0.24% 63,403 $19.8M Reduce -18.4%
WCN Waste Connections Inc. 0.24% 101,119 $19.7M Add +5.0%
IBN Icici Bank Ltd.-Spon ADR 0.24% 625,246 $19.7M Reduce -0.9%
TRP TC Energy Corp. 0.24% 411,710 $19.4M Reduce -7.8%
APD Air Products & Chemicals Inc. 0.23% 65,615 $19.4M Add +87.7%
WFC Wells Fargo & Co. 0.23% 265,621 $19.1M Reduce -5.2%
KO The Coca-Cola Co. 0.23% 265,007 $19.0M Add +23.2%
SAP Sap SE-Sponsored ADR 0.23% 70,344 $18.9M Reduce -29.1%
BTI British American Tob-SP ADR 0.23% 452,208 $18.7M Add +47.9%
TXN Texas Instruments Inc. 0.22% 101,904 $18.3M Add +32.4%
ALNY Alnylam Pharmaceuticals Inc. 0.22% 66,961 $18.1M Reduce -36.3%
TSCO Tractor Supply Company 0.21% 320,262 $17.6M Reduce -2.5%
MS Morgan Stanley 0.21% 151,212 $17.6M Reduce -10.8%
SO The Southern Co. 0.21% 191,169 $17.6M Reduce -10.7%
EFX Equifax Inc. 0.21% 71,652 $17.5M Add +86.8%
BSX Boston Scientific Corp. 0.21% 168,711 $17.0M Add +13.9%
NTR Nutrien Ltd. 0.21% 342,581 $17.0M Add +0.7%
CVE Cenovus Energy Inc. 0.21% 1,216,860 $16.9M Reduce -37.5%
MMM 3M Co. 0.21% 114,969 $16.9M Add +125.9%
EA Electronic Arts Inc. 0.20% 116,338 $16.8M Add +16.3%
BURL Burlington Stores Inc. 0.20% 69,852 $16.6M Add +0.1%
DAY Dayforce Inc. 0.20% 282,755 $16.5M Add +1.2%
UNP Union Pacific Corp. 0.20% 69,358 $16.4M Reduce -36.0%
C Citigroup Inc. 0.20% 229,447 $16.3M Add +11.6%
G Genpact Ltd. 0.20% 322,798 $16.3M Add +10.0%
SHW The Sherwin-Williams Co. 0.20% 46,085 $16.1M Add +12.2%
MSCI MSCI Inc. 0.19% 27,549 $15.6M Add +2.4%
ARMK Aramark 0.19% 444,261 $15.3M Reduce -1.2%
STZ Constellation Brands Inc. Class A 0.18% 82,171 $15.1M Add +25.7%
NKE Nike Inc. Class B 0.18% 231,514 $14.7M Reduce -22.2%
MCD McDonald's Corp. 0.18% 46,192 $14.4M Add +14.8%
DAL Delta Air Lines Inc. 0.17% 330,482 $14.4M Add +35.0%
DE Deere & Co. 0.17% 30,090 $14.1M Add +36.7%
FCX Freeport-McMoran Inc. 0.17% 361,222 $13.7M Add +2.1%
KT KT Corp.-SP ADR 0.17% 771,271 $13.7M Add +224.9%
CMG Chipotle Mexican Grill Inc. 0.16% 267,760 $13.4M Add +2.3%
APO Apollo Global Management Inc. 0.16% 97,880 $13.4M Add +1.0%
LHX L3HARRIS Technologies Inc. 0.16% 63,582 $13.3M Add +6.3%
HEI Heico Corp. 0.16% 49,175 $13.1M Add +1.8%
CFG Citizens Financial Group 0.16% 315,543 $12.9M Add +26.3%
CPRT Copart Inc. 0.15% 224,062 $12.7M Add +5.2%
BAM Brookfield Asset Mgmt-A 0.15% 259,710 $12.6M Add +7.2%
CNP Centerpoint Energy Inc. 0.15% 345,419 $12.5M Reduce -1.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 49,959 $12.4M Add +16.0%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.15% 131,746 $12.2M Reduce -2.8%
NET Cloudflare Inc. Class A 0.14% 105,883 $11.9M Reduce -1.4%
MAA Mid-America Apartment Comm 0.14% 70,658 $11.8M Add +21.2%
BZ Kanzhun Ltd. - ADR 0.14% 605,875 $11.6M New
QSR Restaurant Brands Intern 0.14% 170,869 $11.4M Add +24.4%
SAIA Saia Inc. 0.14% 32,490 $11.4M Add +0.7%
ACGL Arch Capital Group Ltd. 0.13% 111,495 $10.7M Reduce -0.9%
HSY The Hershey Co. 0.13% 62,597 $10.7M Reduce -17.6%
WPM Wheaton Precious Metals Corp. 0.13% 134,644 $10.5M Add +36.6%
GS Goldman Sachs Group Inc. 0.12% 18,597 $10.2M Add +0.5%
CVX Chevron Corp. 0.12% 60,720 $10.2M Reduce -49.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 80,877 $9.9M Add +2.3%
MNST Monster Beverage Corp. 0.12% 167,266 $9.8M Reduce -2.9%
GM General Motors Co. 0.12% 204,981 $9.6M Reduce -27.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.12% 229,761 $9.6M Reduce -27.1%
LEGN Legend Biotech Corp.-ADR 0.11% 271,127 $9.2M Reduce -53.4%
HWM Howmet Aerospace Inc. 0.11% 70,169 $9.1M Reduce -5.7%
ZTS Zoetis Inc. 0.11% 54,988 $9.1M Reduce -22.1%
PLD Prologis Inc. 0.11% 80,793 $9.0M Add +38.9%
IP International Paper Co. 0.11% 168,614 $9.0M New
GLOB Globant SA 0.11% 75,532 $8.9M Add +0.8%
ULS Ul Solutions Inc. Class A 0.11% 157,647 $8.9M Reduce -4.1%
PG The Procter & Gamble Co. 0.11% 51,097 $8.7M Reduce -21.8%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.11% 847,499 $8.7M Add +65.3%
HEI.A Heico Corp. Class A 0.10% 40,326 $8.5M Reduce -0.1%
AME Ametek Inc. 0.10% 48,040 $8.3M Reduce -21.5%
GDDY GoDaddy Inc. Class A 0.10% 44,662 $8.0M Add +1.7%
DTE DTE Energy Company 0.09% 53,943 $7.5M Add +155.5%
VZ Verizon Communications Inc. 0.09% 162,463 $7.4M Add +2.7%
DG Dollar General Corp. 0.09% 83,750 $7.4M Add +17.3%
BORR Borr Drilling Ltd. 0.09% 3,327,446 $7.3M Add +0.2%
FE Firstenergy Corp. 0.09% 178,851 $7.2M Reduce -44.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 73,135 $7.2M Reduce -23.5%
ARES Ares Management Corp. Class A 0.08% 47,140 $6.9M No change
PCAR Paccar Inc. 0.08% 70,205 $6.8M Add +1.7%
EQIX Equinix Inc. 0.08% 8,287 $6.8M Reduce -55.2%
PLTR Palantir Technologies Inc. Class A 0.08% 78,544 $6.6M Add +32.3%
SHEL Shell PLC-ADR 0.08% 89,566 $6.6M New
COF Capital One Financial Corp. 0.08% 35,730 $6.4M Reduce -2.4%
PINS Pinterest Inc. Class A 0.08% 202,711 $6.3M Reduce -26.0%
PH Parker Hannifin Corp. 0.07% 9,905 $6.0M Add +20.1%
ETR Entergy Corp. 0.07% 69,356 $5.9M Reduce -4.6%
SNY Sanofi-ADR 0.07% 106,590 $5.9M New
EWBC East West Bancorp Inc. 0.07% 65,165 $5.8M Reduce -15.4%
ABNB Airbnb Inc. Class A 0.07% 46,990 $5.6M Reduce -31.3%
ORCL Oracle Corp. 0.07% 38,280 $5.4M Reduce -52.5%
AXP American Express Co. 0.06% 19,503 $5.2M No change
PFE Pfizer Inc. 0.06% 203,105 $5.1M Reduce -41.9%
MTN Vail Resorts Inc. 0.06% 31,424 $5.0M Add +4.1%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.06% 153,080 $5.0M Reduce -5.5%
AWI Armstrong World Industries 0.06% 34,031 $4.8M No change
NDAQ Nasdaq Inc. 0.06% 62,936 $4.8M Add +16.9%
AMT American Tower Corp. 0.06% 21,397 $4.7M Reduce -24.2%
JNJ Johnson & Johnson 0.06% 27,608 $4.6M Reduce -50.5%
RBLX Roblox Corp. Class A 0.05% 76,578 $4.5M New
NEE Nextera Energy Inc. 0.05% 60,951 $4.3M Reduce -10.3%
UBER Uber Technologies Inc. 0.05% 57,517 $4.2M Reduce -36.6%
SPOT Spotify Technology SA 0.05% 7,482 $4.1M Add +61.8%
TRU Transunion 0.05% 49,567 $4.1M No change
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.05% 14,097 $4.1M Add +489.1%
RSG Republic Services Inc. 0.05% 16,478 $4.0M Add +4.1%
NVO Novo-Nordisk A/S-Spons ADR 0.05% 57,121 $4.0M Reduce -14.0%
COO The Cooper Cos Inc. 0.05% 46,512 $3.9M New
PCG P G & E Corp. 0.05% 223,056 $3.8M Reduce -0.3%
PEG Public Service Enterprise GP 0.04% 44,955 $3.7M No change
CWST Casella Waste Systems Inc. Class A 0.04% 32,715 $3.6M Add +88.0%
SPG Simon Property Group Inc. 0.04% 21,765 $3.6M New
KMB Kimberly-Clark Corp. 0.04% 25,127 $3.6M Add +14.0%
VALE Vale SA-SP ADR 0.04% 351,730 $3.5M Reduce -25.8%
BG Bunge Global SA 0.04% 45,233 $3.5M Add +0.9%
TMUS T-Mobile US Inc. 0.04% 12,825 $3.4M Add +17.3%
BN Brookfield Corp. 0.04% 65,173 $3.4M Add +23.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.04% 57,857 $3.3M Reduce -49.6%
DBD Diebold Nixdorf Inc. 0.04% 72,617 $3.2M No change
REXR Rexford Industrial Realty Inc. 0.04% 79,943 $3.1M Reduce -9.5%
ADBE Adobe Inc. 0.04% 8,132 $3.1M New
CSX CSX Corp. 0.04% 105,691 $3.1M Reduce -59.8%
CDNS Cadence Design SYS Inc. 0.04% 11,885 $3.0M Add +28.3%
ILMN Illumina Inc. 0.04% 37,762 $3.0M Add +18.7%
PNC PNC Financial Services Group 0.04% 16,916 $3.0M Add +0.5%
MRK Merck & Co. Inc. 0.04% 32,919 $3.0M Reduce -62.3%
DHI D.R. Horton Inc. 0.04% 23,242 $3.0M Reduce -15.8%
KHC The Kraft Heinz Co. 0.04% 96,303 $2.9M Reduce -36.4%
JCI Johnson Controls Internation 0.04% 36,500 $2.9M Reduce -65.6%
LULU Lululemon Athletica Inc. 0.03% 9,807 $2.8M Reduce -20.4%
INTC Intel Corp. 0.03% 122,184 $2.8M Reduce -21.4%
WYNN WYNN Resorts Ltd. 0.03% 33,043 $2.8M New
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.03% 120,678 $2.8M Reduce -34.8%
KEYS Keysight Technologies Inc. 0.03% 18,368 $2.8M Add +2.8%
HAL Halliburton Co. 0.03% 108,412 $2.8M Reduce -61.5%
DLTR Dollar Tree Inc. 0.03% 35,950 $2.7M Add +366.7%
LYB Lyondellbasell Indu Class A 0.03% 36,388 $2.6M Add +4.7%
TGT Target Corp. 0.03% 23,921 $2.5M Reduce -68.7%
CRSP Crispr Therapeutics AG 0.03% 71,447 $2.4M Reduce -28.0%
RIO Rio Tinto PLC-Spon ADR 0.03% 37,426 $2.2M Add +6.6%
AVB Avalonbay Communities Inc. 0.03% 10,086 $2.2M New
ICE Intercontinental Exchange Inc. 0.03% 12,367 $2.1M Add +34.5%
CG The Carlyle Group Inc. 0.03% 47,150 $2.1M Reduce -33.8%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.02% 37,353 $2.0M Add +7.2%
ON On Semiconductor 0.02% 49,055 $2.0M Reduce -30.1%
HUM Humana Inc. 0.02% 7,376 $2.0M Reduce -59.3%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.02% 29,376 $1.9M Add +28.4%
SCI Service Corp. International 0.02% 23,551 $1.9M Reduce -19.8%
GGB Gerdau SA -Spon ADR 0.02% 645,972 $1.8M No change
ITT Itt Inc. 0.02% 13,912 $1.8M Reduce -6.4%
LEN Lennar Corp. Class A 0.02% 15,473 $1.8M Add +8.3%
SRPT Sarepta Therapeutics Inc. 0.02% 27,490 $1.8M Add +22.2%
CSGP Costar Group Inc. 0.02% 20,939 $1.7M New
AES AES Corp. 0.02% 132,301 $1.6M Reduce -69.0%
DUOL Duolingo 0.02% 5,198 $1.6M New
FAF First American Financial 0.02% 24,539 $1.6M Reduce -2.2%
FITB Fifth Third Bancorp 0.02% 40,795 $1.6M Add +28.8%
ARM Arm Holdings PLC-ADR 0.02% 14,899 $1.6M New
SONY Sony Group Corp. - SP ADR 0.02% 61,181 $1.6M Add +25.3%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.02% 27,135 $1.5M Add +25.9%
EXR Extra Space Storage Inc. 0.02% 9,813 $1.5M Reduce -90.4%
ASND Ascendis Pharma A/S 0.02% 8,950 $1.4M Add +6.9%
XPO Xpo Inc. 0.02% 12,840 $1.4M New
GRFS Grifols SA-ADR 0.02% 193,370 $1.4M Add +3.5%
CE Celanese Corp. 0.02% 24,201 $1.4M Reduce -59.4%
TRN Trinity Industries Inc. 0.02% 46,738 $1.3M Reduce -22.6%
WBS Webster Financial Corp. 0.02% 24,824 $1.3M Reduce -34.6%
LII Lennox International Inc. 0.02% 2,276 $1.3M Add +12.6%
T AT&T Inc. 0.01% 43,168 $1.2M Add +25.0%
SOBO South Bow Corp. 0.01% 44,868 $1.1M Reduce -21.1%
ETN Eaton Corp. PLC 0.01% 4,147 $1.1M Reduce -63.1%
BR Broadridge Financial Solutio 0.01% 4,453 $1.1M Reduce -75.3%
EPAM Epam Systems Inc. 0.01% 6,332 $1.1M Add +1.3%
RGLD Royal Gold Inc. 0.01% 6,290 $1.0M No change
NSC Norfolk Southern Corp. 0.01% 4,298 $1.0M Reduce -23.1%
TTWO Take-Two Interactive Softwre 0.01% 4,379 $908K Reduce -92.5%
OWL Blue Owl Capital Inc. 0.01% 41,968 $841K No change
CMS CMS Energy Corp. 0.01% 10,292 $773K Reduce -19.1%
RRX Regal Rexnord Corp. 0.01% 6,272 $714K Reduce -39.2%
SBAC SBA Communications Corp. 0.01% 3,239 $713K Reduce -24.8%
URI United Rentals Inc. 0.01% 917 $575K New
DOW Dow Inc. 0.01% 16,220 $566K Reduce -22.8%
GH Guardant Health Inc. 0.01% 11,858 $505K No change
TPG TPG Inc. 0.01% 9,706 $460K New
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.01% 3,470 $446K Reduce -18.7%
AAP Advance Auto Parts Inc. 0.00% 8,571 $336K No change
BLD Topbuild Corp. 0.00% 1,070 $326K New
ADI Analog Devices Inc. 0.00% 1,527 $308K Reduce -30.8%
EIX Edison International 0.00% 5,080 $299K Reduce -80.6%
VLTO Veralto Corp. 0.00% 2,334 $227K Reduce -93.2%
Other holdings (4): bonds, preferreds, convertibles and warrants · $13.1M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 104,543$6.3MNo change
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 88,500$4.4MNew
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 39,200$2.0MNew
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 6,900$504KNo change

Total filed on the 13F, all lines: $8.2B.

Portfolio Sells Q4 2024 → Q1 2025

AVGO Broadcom Inc. Reduce -11.8% 4.17% −2.19
TSLA Tesla Inc. Reduce -6.3% 0.75% −0.46
TFII Tfi International Inc. Reduce -5.9% 0.49% −0.39
CAT Caterpillar Inc. Reduce -40.3% 0.31% −0.24
TSM Taiwan Semiconductor-SP ADR Reduce -4.4% 1.02% −0.21
KKR KKR & Co. Inc. Reduce -18.6% 0.40% −0.21
BNTX Biontech SE-ADR Reduce -4.5% 0.71% −0.19
GOOGL Alphabet Inc. Class A Reduce -3.7% 0.75% −0.18
RCL Royal Caribbean Cruises Ltd. Reduce -3.7% 1.29% −0.17
NOW ServiceNow Inc. Reduce -3.3% 0.49% −0.16
EXR Extra Space Storage Inc. Reduce -90.4% 0.02% −0.16
BX Blackstone Inc. Reduce -17.1% 0.34% −0.15
CVE Cenovus Energy Inc. Reduce -37.5% 0.21% −0.14
CNI Canadian Natl Railway Co. Reduce -21.2% 0.50% −0.14
HD Home Depot Inc. Reduce -21.7% 0.39% −0.13
EQIX Equinix Inc. Reduce -55.2% 0.08% −0.12
DHR Danaher Corp. Reduce -8.2% 0.63% −0.12
TTWO Take-Two Interactive Softwre Reduce -92.5% 0.01% −0.12
STLA Stellantis NV Reduce -19.4% 0.27% −0.11
LEGN Legend Biotech Corp.-ADR Reduce -53.4% 0.11% −0.11
ANET Arista Networks Inc. Sold out 0.00% −0.11
HLT Hilton Worldwide Holdings Inc. Reduce -19.4% 0.32% −0.10
FLUT Flutter Entertainment PLC-Di Reduce -2.1% 0.61% −0.10
ORCL Oracle Corp. Reduce -52.5% 0.07% −0.09
UNP Union Pacific Corp. Reduce -36.0% 0.20% −0.09
TGT Target Corp. Reduce -68.7% 0.03% −0.09
DFS Discover Financial Services Reduce -19.5% 0.40% −0.09
NKE Nike Inc. Class B Reduce -22.2% 0.18% −0.09
ACN Accenture PLC Class A Reduce -18.4% 0.24% −0.08
HTHT H World Group Ltd.-ADR Reduce -23.6% 0.61% −0.08
CVX Chevron Corp. Reduce -49.1% 0.12% −0.08
CCJ Cameco Corp. Sold out 0.00% −0.08
ALNY Alnylam Pharmaceuticals Inc. Reduce -36.3% 0.22% −0.07
SPGI S&P Global Inc. Reduce -25.1% 0.26% −0.07
SHOP Shopify Inc. Class A Reduce -1.1% 0.73% −0.07
MRK Merck & Co. Inc. Reduce -62.3% 0.04% −0.07
CHTR Charter Communications Inc. Class A Reduce -28.0% 0.26% −0.07
FE Firstenergy Corp. Reduce -44.6% 0.09% −0.06
JCI Johnson Controls Internation Reduce -65.6% 0.04% −0.06
TEAM Atlassian Corp. Class A Reduce -4.7% 0.37% −0.06
CSX CSX Corp. Reduce -59.8% 0.04% −0.06
GM General Motors Co. Reduce -27.1% 0.12% −0.06
SAP Sap SE-Sponsored ADR Reduce -29.1% 0.23% −0.06
HAL Halliburton Co. Reduce -61.5% 0.03% −0.06
MMYT Makemytrip Ltd. Reduce -0.9% 0.45% −0.06
LUV Southwest Airlines Co. Sold out 0.00% −0.06
BKNG Booking Holdings Inc. Reduce -6.4% 0.45% −0.05
ABBV Abbvie Inc. Reduce -22.7% 0.81% −0.05
CNQ Canadian Natural Resources Reduce -19.5% 0.24% −0.05
SYY Sysco Corp. Sold out 0.00% −0.05

Portfolio Buys Q4 2024 → Q1 2025

PM Philip Morris International Add +7.1% 2.35% +0.73
MDLZ Mondelez International Inc. Class A Add +250.1% 0.49% +0.37
AMGN Amgen Inc. Add +37.1% 0.87% +0.35
ABT Abbott Laboratories Add +6.0% 1.17% +0.26
B Barrick Gold Corp. Add +5.0% 0.93% +0.24
GE General Electric Add +0.0% 1.12% +0.21
AJG Arthur J Gallagher & Co. Add +22.9% 0.57% +0.20
V Visa Inc. Class A Add +0.1% 1.52% +0.19
VRTX Vertex Pharmaceuticals Inc. Add +5.7% 0.77% +0.18
PDD PDD Holdings Inc. Add +132.1% 0.26% +0.17
JPM JPMorgan Chase & Co. Add +5.5% 1.66% +0.17
CVS CVS Health Corp. Add +10.6% 0.38% +0.16
AMZN Amazon.com Inc. Add +24.8% 1.52% +0.15
MU Micron Technology Inc. Add +37.0% 0.47% +0.15
SBUX Starbucks Corp. Add +25.1% 0.51% +0.14
BZ Kanzhun Ltd. - ADR New 0.14% +0.14
MA Mastercard Inc. Class A Add +4.7% 1.26% +0.14
CPNG Coupang Inc. Add +28.9% 0.52% +0.13
MMM 3M Co. Add +125.9% 0.21% +0.13
UNH Unitedhealth Group Inc. Add +3.0% 1.42% +0.13
KT KT Corp.-SP ADR Add +224.9% 0.17% +0.12
PGR Progressive Corp. Add +32.6% 0.32% +0.12
MO Altria Group Inc. Add +40.4% 0.29% +0.12
APD Air Products & Chemicals Inc. Add +87.7% 0.23% +0.12
CB Chubb Ltd. Add +7.3% 0.65% +0.11
IP International Paper Co. New 0.11% +0.11
COP Conocophillips Add +13.6% 0.53% +0.10
EFX Equifax Inc. Add +86.8% 0.21% +0.10
META Meta Platforms Inc. Class A Add +2.4% 2.67% +0.10
BTI British American Tob-SP ADR Add +47.9% 0.23% +0.10
ELV Elevance Health Inc. Add +22.9% 0.29% +0.09
BAC Bank of America Corp. Add +30.4% 0.39% +0.08
CTVA Corteva Inc. Add +4.7% 0.52% +0.08
NOC Northrop Grumman Corp. Add +2.5% 0.61% +0.08
SHEL Shell PLC-ADR New 0.08% +0.08
TMO Thermo Fisher Scientific Inc. Add +28.8% 0.36% +0.08
TFC Truist Financial Corp. Add +20.5% 0.50% +0.07
COST Costco Wholesale Corp. Add +8.3% 0.57% +0.07
KO The Coca-Cola Co. Add +23.2% 0.23% +0.07
SNY Sanofi-ADR New 0.07% +0.07
BMY Bristol-Myers Squibb Co. Add +4.3% 0.49% +0.07
DRI Darden Restaurants Inc. Add +6.1% 0.36% +0.06
PAYX Paychex Inc. Add +9.1% 0.32% +0.06
DE Deere & Co. Add +36.7% 0.17% +0.06
WPM Wheaton Precious Metals Corp. Add +36.6% 0.13% +0.06
RACE Ferrari NV Add +3.2% 1.17% +0.06
DTE DTE Energy Company Add +155.5% 0.09% +0.06
GEV GE Vernova Inc. Add +20.0% 0.44% +0.06
RBLX Roblox Corp. Class A New 0.05% +0.05
TXN Texas Instruments Inc. Add +32.4% 0.22% +0.05

Notes & Other Activity Q4 2024 → Q1 2025

KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D New 88,500 $4.4M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG New 39,200 $2.0M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 295$14.2BAVGO, MSFT, KLAC, NVDA, AAPL
Q1 2026 298$12.9BAVGO, MSFT, AZN, TTE, NVDA
Q4 2025 304$12.7BAVGO, MSFT, NVDA, META, PM
Q3 2025 301$12.5BAVGO, MSFT, META, NVDA, PM
Q2 2025 297$10.3BAVGO, MSFT, META, PM, NVDA
Q1 2025 303$8.2BAVGO, MSFT, META, DB, PM
Q4 2024 301$8.5BAVGO, MSFT, META, AAPL, DB
Q3 2024 303$7.9BAVGO, MSFT, META, AAPL, PM
Q2 2024 306$7.5BAVGO, MSFT, META, TFII, AAPL
Q1 2024 315$7.4BMSFT, AVGO, TFII, META, ONC