Capital International, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Capital International, Inc. reported 301 stock positions worth $12.5 billion. Its top holding was Broadcom (AVGO) at 6.4% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Meta Platforms Class A (META, 2.8%). Compared with Q2 2025, it opened 20 new positions, sold out of 16, added to 207 and reduced 68. The biggest buy was Barrick Mining (B, shares +37%) and the biggest sale Honeywell International (HON, shares −68%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0000895213
Portfolio Value
$12.5B (Q3 2025)
SEC Filing
0000895213-25-000007 ↗ filed Nov 13, 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 Q1 2025 Q2 2025: $10.3B Q2 2025 Q3 2025: $12.5B $12.5B Q3 2025 Q4 2025: $12.7B Q4 2025 Q1 2026: $12.9B Q1 2026 Q2 2026: $14.2B Q2 2026

Holdings 301 stocks · $12.5B

AVGO Broadcom Inc. 6.39% 2,416,180 $797.1M Add +9.2%
MSFT Microsoft Corp. 5.38% 1,295,013 $670.8M Add +16.1%
META Meta Platforms Inc. Class A 2.83% 481,743 $353.8M Add +13.7%
NVDA Nvidia Corp. 2.63% 1,757,266 $327.9M Add +16.3%
PM Philip Morris International 2.15% 1,656,088 $268.6M Add +13.8%
JPM JPMorgan Chase & Co. 1.82% 718,692 $226.7M Add +14.6%
AAPL Apple Inc. 1.77% 865,337 $220.3M Add +19.7%
GOOG Alphabet Inc. Class C 1.67% 855,178 $208.3M Add +10.3%
RCL Royal Caribbean Cruises Ltd. 1.52% 587,268 $190.0M Add +5.0%
B Barrick Mining Corp. 1.47% 5,587,188 $183.4M Add +36.8%
DB Deutsche Bank AG-Registered 1.43% 5,066,351 $178.2M Reduce -9.3%
GE General Electric filed as GE AEROSPACE 1.42% 587,955 $176.9M Add +8.7%
AMZN Amazon.com Inc. 1.36% 774,860 $170.1M Add +16.8%
V Visa Inc. Class A 1.33% 486,476 $166.1M Add +16.0%
GOOGL Alphabet Inc. Class A 1.29% 660,003 $160.4M Add +35.9%
ASML ASML Holding NV-NY Reg SHS 1.23% 158,225 $153.2M Add +38.9%
LLY Eli Lilly & Co. 1.22% 200,026 $152.6M Add +9.6%
KLAC KLA Corp. 1.15% 133,083 $143.5M Add +13.0%
MA Mastercard Inc. Class A 1.12% 244,826 $139.3M Add +11.6%
UNH Unitedhealth Group Inc. 1.09% 394,934 $136.4M Add +47.8%
TSLA Tesla Inc. 1.09% 304,632 $135.5M Add +19.8%
MRSH Marsh & McLennan Cos 1.08% 667,621 $134.5M Add +20.7%
ABT Abbott Laboratories 1.04% 965,236 $129.3M Add +17.5%
MELI MercadoLibre Inc. 0.99% 52,730 $123.2M Add +1.7%
WELL Welltower Inc. 0.98% 684,101 $121.9M Add +29.5%
CEG Constellation Energy 0.93% 350,766 $115.4M Add +14.3%
NOC Northrop Grumman Corp. 0.92% 187,862 $114.5M Add +19.7%
ONC Beone Medicines Ltd.-ADR 0.89% 325,844 $111.0M Reduce -5.7%
AMGN Amgen Inc. 0.87% 386,784 $109.2M Add +22.8%
NFLX Netflix Inc. 0.87% 90,355 $108.3M Add +6.0%
RTX RTX Corp. 0.80% 598,346 $100.1M Add +25.8%
SHOP Shopify Inc. Class A 0.75% 628,099 $93.3M Add +1.5%
CRM Salesforce Inc. 0.72% 381,173 $90.3M Add +46.2%
RACE Ferrari NV 0.71% 183,993 $88.9M Reduce -0.1%
BLK BlackRock Inc. 0.71% 76,252 $88.9M Add +29.4%
RYAAY Ryanair Holdings PLC-SP ADR 0.71% 1,467,028 $88.3M Add +3.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.70% 1,687,217 $87.0M Add +44.2%
TSM Taiwan Semiconductor-SP ADR 0.68% 306,002 $85.5M Reduce -31.7%
LIN Linde PLC 0.68% 179,548 $85.3M Add +15.3%
MU Micron Technology Inc. 0.61% 456,032 $76.3M Reduce -3.6%
VRTX Vertex Pharmaceuticals Inc. 0.60% 191,341 $74.9M Add +9.2%
CARR Carrier Global Corp. 0.60% 1,247,580 $74.5M Add +11.8%
SRE Sempra 0.58% 809,472 $72.8M Add +26.1%
COF Capital One Financial Corp. 0.55% 324,082 $68.9M Add +14.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.54% 215,889 $66.9M Add +24.2%
TFC Truist Financial Corp. 0.52% 1,425,303 $65.2M Add +14.1%
CVS CVS Health Corp. 0.52% 852,690 $64.3M Add +27.9%
COP Conocophillips 0.51% 677,130 $64.0M Add +31.6%
CPNG Coupang Inc. 0.50% 1,948,378 $62.7M Reduce -12.5%
SBUX Starbucks Corp. 0.49% 727,558 $61.6M Add +23.4%
CVE Cenovus Energy Inc. 0.49% 3,581,833 $60.8M Add +115.4%
BTI British American Tob-SP ADR 0.48% 1,136,066 $60.3M Add +69.1%
BZ Kanzhun Ltd. - ADR 0.47% 2,505,076 $58.5M Add +116.5%
HD Home Depot Inc. 0.47% 144,181 $58.4M Add +27.9%
IR Ingersoll-Rand Inc. 0.47% 705,616 $58.3M Add +21.5%
TDG Transdigm Group Inc. 0.46% 43,920 $57.9M Add +12.2%
MDLZ Mondelez International Inc. Class A 0.46% 922,865 $57.7M Add +16.6%
CB Chubb Ltd. 0.46% 203,282 $57.4M Reduce -12.1%
ABBV Abbvie Inc. 0.45% 240,358 $55.7M Add +39.4%
COST Costco Wholesale Corp. 0.44% 59,886 $55.4M Add +16.9%
YUM Yum! Brands Inc. 0.44% 364,556 $55.4M Add +10.0%
FLUT Flutter Entertainment PLC-Di 0.44% 217,541 $55.3M Add +10.3%
DHR Danaher Corp. 0.43% 272,360 $54.0M Reduce -9.4%
KKR KKR & Co. Inc. 0.42% 404,690 $52.6M Add +11.6%
EOG EOG Resources Inc. 0.41% 457,145 $51.3M Add +9.6%
MSI Motorola Solutions Inc. 0.41% 110,710 $50.6M Add +34.4%
YMM Full Truck Alliance -SPN ADR 0.40% 3,859,842 $50.1M New
BA The Boeing Co. 0.40% 229,501 $49.5M Add +25.6%
NOW ServiceNow Inc. 0.38% 51,380 $47.3M Add +0.9%
PDD PDD Holdings Inc. 0.38% 357,166 $47.2M Add +1.7%
CMCSA Comcast Corp. Class A 0.37% 1,488,334 $46.8M Add +8.3%
BKNG Booking Holdings Inc. 0.37% 8,516 $46.0M Add +6.8%
SO The Southern Co. 0.37% 481,188 $45.6M Add +57.0%
ACN Accenture PLC Class A 0.36% 182,454 $45.0M Add +61.8%
PGR Progressive Corp. 0.36% 181,523 $44.8M Add +63.2%
ATO Atmos Energy Corp. 0.36% 259,583 $44.3M Reduce -3.0%
AMX America Movil Sab DE CV 0.35% 2,104,178 $44.2M Reduce -16.0%
CTVA Corteva Inc. 0.35% 648,699 $43.9M Reduce -14.5%
TMO Thermo Fisher Scientific Inc. 0.35% 90,310 $43.8M Add +35.8%
MMYT Makemytrip Ltd. 0.35% 462,816 $43.3M Add +0.7%
MS Morgan Stanley 0.34% 267,857 $42.6M Add +27.3%
WFC Wells Fargo & Co. 0.34% 505,594 $42.4M Add +36.9%
NI Nisource Inc. 0.33% 941,185 $40.8M Add +0.9%
KT KT Corp.-SP ADR 0.32% 2,073,160 $40.4M Add +21.2%
GILD Gilead Sciences Inc. 0.32% 357,879 $39.7M Add +29.4%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.32% 226,377 $39.4M New
FTAI Ftai Aviation Ltd. 0.30% 222,426 $37.1M Add +14.9%
NTR Nutrien Ltd. 0.29% 623,937 $36.6M Add +64.3%
LHX L3HARRIS Technologies Inc. 0.29% 118,315 $36.1M Add +27.3%
XOM Exxon Mobil Corp. 0.29% 319,947 $36.1M Add +8.4%
TCOM Trip.com Group Ltd.-ADR 0.28% 465,624 $35.0M Add +20.4%
SNPS Synopsys Inc. 0.28% 70,951 $35.0M Add +16.3%
APD Air Products & Chemicals Inc. 0.28% 127,894 $34.9M Add +22.4%
MAR Marriott International Class A 0.28% 132,815 $34.6M Add +14.6%
ALNY Alnylam Pharmaceuticals Inc. 0.28% 75,638 $34.5M Add +5.3%
AZN Astrazeneca PLC-Spons ADR 0.28% 448,738 $34.4M Add +4.2%
AON Aon PLC Class A 0.28% 96,236 $34.3M Add +15.5%
ATI Ati Inc. 0.27% 414,054 $33.7M Reduce -9.7%
FDX FedEx Corp. 0.27% 140,909 $33.2M Add +0.7%
UNP Union Pacific Corp. 0.27% 140,462 $33.2M Add +36.6%
DRI Darden Restaurants Inc. 0.26% 172,609 $32.9M Add +36.5%
C Citigroup Inc. 0.26% 321,110 $32.6M Add +10.8%
CFG Citizens Financial Group 0.26% 606,182 $32.2M Add +29.5%
IP International Paper Co. 0.26% 689,724 $32.0M Add +100.6%
EA Electronic Arts Inc. 0.26% 158,498 $32.0M Add +13.5%
CAT Caterpillar Inc. 0.25% 66,546 $31.8M Add +29.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.25% 109,773 $31.0M Add +48.1%
SPGI S&P Global Inc. 0.25% 63,373 $30.8M Reduce -1.9%
NET Cloudflare Inc. Class A 0.25% 142,650 $30.6M Add +5.9%
PAYX Paychex Inc. 0.25% 241,308 $30.6M Add +15.8%
CNQ Canadian Natural Resources 0.24% 931,845 $29.8M Add +9.6%
CME Cme Group Inc. 0.24% 110,202 $29.8M Add +13.8%
URI United Rentals Inc. 0.24% 31,138 $29.7M Add +2857.1%
WPM Wheaton Precious Metals Corp. 0.23% 258,877 $29.0M Add +29.3%
BX Blackstone Inc. 0.23% 169,353 $28.9M Add +4.2%
NTES Netease Inc.-ADR 0.23% 190,310 $28.9M Reduce -13.0%
BNTX Biontech SE-ADR 0.23% 293,208 $28.9M Reduce -37.6%
DHI D.R. Horton Inc. 0.23% 169,003 $28.6M Add +173.2%
DAL Delta Air Lines Inc. 0.23% 499,446 $28.3M Add +0.2%
TEL Te Connectivity PLC 0.23% 129,058 $28.3M Add +425.4%
MMM 3M Co. 0.23% 181,869 $28.2M Add +20.9%
RBLX Roblox Corp. Class A 0.23% 203,238 $28.2M Add +5.8%
ISRG Intuitive Surgical Inc. 0.22% 61,917 $27.7M Add +13.6%
TRP TC Energy Corp. 0.22% 502,181 $27.3M Add +13.2%
TBBB BBB Foods Inc. Class A 0.22% 1,009,352 $27.2M Add +1.3%
GEV GE Vernova Inc. 0.21% 43,455 $26.7M Reduce -48.3%
KDP Keurig Dr Pepper Inc. 0.21% 1,040,247 $26.5M Add +12.5%
MTD Mettler-Toledo International 0.21% 21,318 $26.2M Add +5.6%
HLT Hilton Worldwide Holdings Inc. 0.21% 100,337 $26.0M Reduce -17.5%
FE Firstenergy Corp. 0.21% 566,771 $26.0M Add +29.7%
APO Apollo Global Management Inc. 0.21% 194,643 $25.9M Add +25.4%
EFX Equifax Inc. 0.21% 100,443 $25.8M Add +18.0%
CNI Canadian Natl Railway Co. 0.20% 271,114 $25.6M Reduce -8.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.20% 175,695 $25.4M Add +46.4%
APH Amphenol Corp. Class A 0.20% 200,803 $24.8M New
KO The Coca-Cola Co. 0.20% 373,794 $24.8M Add +26.2%
DE Deere & Co. 0.20% 54,198 $24.8M Add +30.3%
RPRX Royalty Pharma PLC Class A 0.19% 681,155 $24.0M Add +3.0%
TSCO Tractor Supply Company 0.19% 420,604 $23.9M Add +14.2%
NKE Nike Inc. Class B 0.19% 342,190 $23.9M Add +22.3%
TOST Toast Inc. Class A 0.19% 653,351 $23.9M Reduce -5.1%
TEAM Atlassian Corp. Class A 0.18% 144,288 $23.0M Reduce -1.1%
QGEN Qiagen N.V. 0.18% 506,461 $22.6M Add +4.7%
CHD Church & Dwight Co. Inc. 0.18% 252,675 $22.1M Add +7.3%
BAM Brookfield Asset Mgmt-A 0.18% 388,624 $22.1M Add +22.5%
WCN Waste Connections Inc. 0.17% 121,896 $21.4M Add +7.9%
HEI Heico Corp. 0.17% 65,841 $21.3M Add +11.4%
REGN Regeneron Pharmaceuticals 0.17% 37,370 $21.0M Reduce -47.3%
GS Goldman Sachs Group Inc. 0.17% 26,071 $20.8M Add +26.9%
PH Parker Hannifin Corp. 0.16% 27,119 $20.6M Add +58.8%
ORCL Oracle Corp. 0.16% 71,005 $20.0M Add +27.5%
SHW The Sherwin-Williams Co. 0.15% 55,784 $19.3M Add +18.1%
INTC Intel Corp. 0.15% 572,415 $19.2M Add +199.4%
DAY Dayforce Inc. 0.15% 273,810 $18.9M Reduce -3.3%
BSX Boston Scientific Corp. 0.15% 191,733 $18.7M Add +5.9%
IBN Icici Bank Ltd.-Spon ADR 0.15% 617,313 $18.7M Add +0.2%
BURL Burlington Stores Inc. 0.15% 71,649 $18.2M Reduce -1.5%
MO Altria Group Inc. 0.14% 271,524 $17.9M Reduce -24.8%
MAA Mid-America Apartment Comm 0.14% 125,763 $17.6M Add +8.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.14% 150,938 $17.3M Add +32.0%
PLD Prologis Inc. 0.14% 150,606 $17.2M Add +52.4%
AXP American Express Co. 0.14% 50,828 $16.9M Add +28.5%
STZ Constellation Brands Inc. Class A 0.14% 125,261 $16.9M Add +2.4%
CHTR Charter Communications Inc. Class A 0.13% 60,717 $16.7M Reduce -2.8%
CNP Centerpoint Energy Inc. 0.13% 429,772 $16.7M Add +17.8%
SAP Sap SE-Sponsored ADR 0.13% 61,882 $16.5M Add +30.0%
ELV Elevance Health Inc. 0.13% 50,927 $16.5M Reduce -35.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.13% 1,009,886 $16.2M Reduce -10.8%
TXN Texas Instruments Inc. 0.13% 85,566 $15.7M Reduce -20.8%
BMY Bristol-Myers Squibb Co. 0.13% 346,863 $15.6M Reduce -52.3%
PG The Procter & Gamble Co. 0.12% 98,640 $15.2M Add +30.8%
ZBH Zimmer Biomet Holdings Inc. 0.12% 149,707 $14.7M Add +37.3%
DTE DTE Energy Company 0.12% 103,176 $14.6M Add +28.1%
HON Honeywell International Inc. 0.12% 68,353 $14.4M Reduce -67.6%
QSR Restaurant Brands Intern 0.11% 220,696 $14.2M Add +15.9%
HSY The Hershey Co. 0.11% 75,160 $14.1M Add +18.4%
SPG Simon Property Group Inc. 0.11% 74,085 $13.9M Add +127.8%
G Genpact Ltd. 0.11% 329,989 $13.8M Reduce -5.3%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.11% 156,371 $13.8M Add +31.6%
HWM Howmet Aerospace Inc. 0.11% 68,357 $13.4M Reduce -7.6%
NVO Novo-Nordisk A/S-Spons ADR 0.10% 233,578 $13.0M Add +191.4%
CPRT Copart Inc. 0.10% 284,752 $12.8M Add +13.7%
CMG Chipotle Mexican Grill Inc. 0.10% 322,320 $12.6M Add +9.9%
BKR Baker Hughes Co. 0.10% 256,927 $12.5M New
PBR Petroleo Brasileiro-Spon ADR 0.10% 967,888 $12.3M Add +9.0%
AMAT Applied Materials Inc. 0.10% 57,995 $11.9M Add +20.2%
MCD McDonald's Corp. 0.09% 36,935 $11.2M Add +19.0%
FCX Freeport-McMoran Inc. 0.09% 282,815 $11.1M Reduce -38.4%
MTN Vail Resorts Inc. 0.08% 70,519 $10.5M Add +47.8%
SPOT Spotify Technology SA 0.08% 14,891 $10.4M Add +127.5%
HEI.A Heico Corp. Class A 0.08% 40,251 $10.2M Reduce -0.1%
ETR Entergy Corp. 0.08% 109,076 $10.2M Add +13.7%
SAIA Saia Inc. 0.08% 32,547 $9.7M Reduce -0.1%
WYNN WYNN Resorts Ltd. 0.08% 74,717 $9.6M Add +107.7%
BN Brookfield Corp. 0.08% 139,208 $9.5M Add +109.8%
KEY Keycorp 0.07% 491,455 $9.2M Add +248.8%
AME Ametek Inc. 0.07% 47,899 $9.0M Reduce -0.2%
PLTR Palantir Technologies Inc. Class A 0.07% 46,589 $8.5M Reduce -41.5%
ULS Ul Solutions Inc. Class A 0.07% 119,856 $8.5M Add +28.4%
AMT American Tower Corp. 0.07% 43,988 $8.5M Add +42.0%
ILMN Illumina Inc. 0.07% 87,136 $8.3M Add +52.3%
JCI Johnson Controls Internation 0.07% 74,527 $8.2M Add +31.4%
AWI Armstrong World Industries 0.07% 41,590 $8.2M Add +22.2%
ARES Ares Management Corp. Class A 0.06% 50,239 $8.0M Reduce -1.0%
CVX Chevron Corp. 0.06% 51,017 $7.9M Add +572.9%
HUM Humana Inc. 0.06% 30,294 $7.9M Add +183.0%
CG The Carlyle Group Inc. 0.06% 125,360 $7.9M Add +30.9%
FICO Fair Isaac Corp. 0.06% 5,039 $7.5M New
BG Bunge Global SA 0.06% 92,715 $7.5M Add +23.3%
MNST Monster Beverage Corp. 0.06% 110,339 $7.4M Reduce -18.0%
WSO Watsco Inc. 0.06% 18,280 $7.4M New
KOF Coca-Cola Femsa Sab-SP ADR 0.06% 87,989 $7.3M Add +7.5%
PEG Public Service Enterprise GP 0.06% 86,616 $7.2M Add +30.9%
RSG Republic Services Inc. 0.06% 31,200 $7.2M Add +26.8%
AEM Agnico Eagle Mines Ltd. 0.05% 40,193 $6.8M Add +112.9%
PCAR Paccar Inc. 0.05% 67,987 $6.7M Reduce -8.9%
COO The Cooper Cos Inc. 0.05% 96,156 $6.6M Add +58.6%
HTHT H World Group Ltd.-ADR 0.05% 165,735 $6.5M Reduce -59.4%
VALE Vale SA-SP ADR 0.05% 594,922 $6.5M Add +5.1%
PNC PNC Financial Services Group 0.05% 31,741 $6.4M Add +26.7%
PINS Pinterest Inc. Class A 0.05% 197,929 $6.4M Reduce -0.1%
GM General Motors Co. 0.05% 102,473 $6.2M Add +30.9%
TMUS T-Mobile US Inc. 0.05% 25,388 $6.1M Reduce -19.2%
ACGL Arch Capital Group Ltd. 0.05% 66,257 $6.0M Reduce -45.8%
JNJ Johnson & Johnson 0.05% 32,298 $6.0M New
KMB Kimberly-Clark Corp. 0.05% 47,897 $6.0M Add +30.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.05% 171,078 $5.9M Reduce -12.8%
EWBC East West Bancorp Inc. 0.05% 54,078 $5.8M Reduce -18.4%
ALGN Align Technology Inc. 0.05% 45,135 $5.7M Add +267.5%
ADBE Adobe Inc. 0.04% 15,879 $5.6M Add +30.9%
VZ Verizon Communications Inc. 0.04% 120,399 $5.3M New
TOL Toll Brothers Inc. 0.04% 37,249 $5.1M New
ICE Intercontinental Exchange Inc. 0.04% 28,959 $4.9M Add +33.4%
KHC The Kraft Heinz Co. 0.04% 186,739 $4.9M Add +30.7%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.04% 56,924 $4.5M Add +3.1%
CWST Casella Waste Systems Inc. Class A 0.04% 46,330 $4.4M Add +37.9%
NEE Nextera Energy Inc. 0.03% 56,968 $4.3M Reduce -24.3%
TGT Target Corp. 0.03% 46,367 $4.2M Add +31.1%
ON On Semiconductor 0.03% 84,289 $4.2M Add +9.9%
DBD Diebold Nixdorf Inc. 0.03% 72,617 $4.1M No change
RGLD Royal Gold Inc. 0.03% 20,224 $4.1M Add +25.3%
HAL Halliburton Co. 0.03% 163,245 $4.0M Add +16.3%
MSTR Strategy Inc. 0.03% 12,117 $3.9M Add +4.0%
FITB Fifth Third Bancorp 0.03% 81,035 $3.6M Add +31.2%
SONY Sony Group Corp. - SP ADR 0.03% 122,609 $3.5M Add +32.1%
KEYS Keysight Technologies Inc. 0.03% 20,112 $3.5M Add +4.1%
LYB Lyondellbasell Indu Class A 0.03% 69,146 $3.4M Add +29.2%
WM Waste Management Inc. 0.03% 15,330 $3.4M New
LII Lennox International Inc. 0.03% 6,353 $3.4M Add +88.6%
TXRH Texas Roadhouse Inc. 0.03% 20,154 $3.3M New
PCG P G & E Corp. 0.03% 219,753 $3.3M Reduce -1.2%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.03% 54,099 $3.2M Add +32.0%
PFE Pfizer Inc. 0.03% 125,105 $3.2M No change
REXR Rexford Industrial Realty Inc. 0.03% 76,066 $3.1M Reduce -2.0%
WMT Walmart Inc. 0.02% 29,850 $3.1M New
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.02% 35,835 $3.0M Reduce -1.5%
ITT Itt Inc. 0.02% 16,087 $2.9M Add +7.1%
EXR Extra Space Storage Inc. 0.02% 20,232 $2.9M Add +35.5%
GLOB Globant SA 0.02% 48,986 $2.8M Reduce -68.1%
IT Gartner Inc. 0.02% 10,570 $2.8M New
BRK.B Berkshire Hathaway Inc. Class B 0.02% 5,493 $2.8M Add +6.9%
AIT Applied Industrial Tech Inc. 0.02% 10,425 $2.7M New
T AT&T Inc. 0.02% 94,820 $2.7M Add +44.8%
XPO Xpo Inc. 0.02% 19,621 $2.5M Add +7.9%
ARM Arm Holdings PLC-ADR 0.02% 17,322 $2.5M Add +6.2%
DUOL Duolingo 0.02% 7,543 $2.4M Reduce -34.0%
CRSP Crispr Therapeutics AG 0.02% 33,704 $2.2M Add +6.5%
ASND Ascendis Pharma A/S 0.02% 10,475 $2.1M Add +7.4%
TTEK Tetra Tech Inc. 0.02% 61,921 $2.1M New
CRH CRH PLC 0.02% 17,061 $2.0M Reduce -5.4%
SCI Service Corp. International 0.02% 23,760 $2.0M Reduce -1.0%
GRFS Grifols SA-ADR 0.02% 195,400 $1.9M No change
ZTS Zoetis Inc. 0.01% 10,060 $1.5M Reduce -66.2%
WBS Webster Financial Corp. 0.01% 23,720 $1.4M Reduce -1.3%
TRN Trinity Industries Inc. 0.01% 44,661 $1.3M Reduce -1.5%
NSC Norfolk Southern Corp. 0.01% 4,149 $1.2M Reduce -1.8%
EXC Exelon Corp. 0.01% 26,800 $1.2M New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.01% 35,241 $1.1M Reduce -76.4%
MRK Merck & Co. Inc. 0.01% 12,745 $1.1M Reduce -37.5%
NUE Nucor Corp. 0.01% 7,810 $1.1M New
SOBO South Bow Corp. 0.01% 36,726 $1.0M Add +8.9%
EPAM Epam Systems Inc. 0.01% 6,818 $1.0M Add +5.7%
OWL Blue Owl Capital Inc. 0.01% 52,717 $892K Add +18.7%
TRU Transunion 0.01% 10,101 $846K Reduce -40.8%
CSGP Costar Group Inc. 0.01% 9,959 $840K Reduce -53.4%
UBER Uber Technologies Inc. 0.01% 8,215 $805K Add +9.7%
CMS CMS Energy Corp. 0.01% 10,073 $738K No change
GGB Gerdau SA -Spon ADR 0.01% 216,167 $670K Reduce -66.5%
TPG TPG Inc. 0.01% 10,992 $631K Add +2.8%
AES AES Corp. 0.01% 47,525 $625K Reduce -63.6%
DLTR Dollar Tree Inc. 0.00% 5,748 $542K Reduce -0.8%
ICLR Icon PLC 0.00% 2,813 $492K New
BLD Topbuild Corp. 0.00% 1,219 $476K Reduce -26.9%
ARGX Argenx SE - ADR 0.00% 624 $460K New
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.00% 3,336 $430K No change
SW Smurfit Westrock PLC 0.00% 8,755 $373K New
DOW Dow Inc. 0.00% 16,250 $373K Add +4.1%
SBAC SBA Communications Corp. 0.00% 1,885 $364K Reduce -40.2%
ADI Analog Devices Inc. 0.00% 1,406 $345K Reduce -2.9%
VLTO Veralto Corp. 0.00% 2,897 $309K Add +11.5%
EIX Edison International 0.00% 4,782 $264K No change
Other holdings (4): bonds, preferreds, convertibles and warrants · $26.1M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 172,520$12.0MAdd +9.5%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 201,213$10.5MAdd +30.2%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 39,200$2.3MNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 17,584$1.2MNo change

Total filed on the 13F, all lines: $12.5B.

Portfolio Sells Q2 2025 → Q3 2025

HON Honeywell International Inc. Reduce -67.6% 0.12% −0.36
TSM Taiwan Semiconductor-SP ADR Reduce -31.7% 0.68% −0.30
BNTX Biontech SE-ADR Reduce -37.6% 0.23% −0.26
GEV GE Vernova Inc. Reduce -48.3% 0.21% −0.22
BMY Bristol-Myers Squibb Co. Reduce -52.3% 0.13% −0.20
CTVA Corteva Inc. Reduce -14.5% 0.35% −0.20
REGN Regeneron Pharmaceuticals Reduce -47.3% 0.17% −0.19
CB Chubb Ltd. Reduce -12.1% 0.46% −0.19
DB Deutsche Bank AG-Registered Reduce -9.3% 1.43% −0.18
ARMK Aramark Sold out 0.00% −0.18
ELV Elevance Health Inc. Reduce -35.3% 0.13% −0.17
RACE Ferrari NV Reduce -0.1% 0.71% −0.17
CPNG Coupang Inc. Reduce -12.5% 0.50% −0.15
DHR Danaher Corp. Reduce -9.4% 0.43% −0.15
KSPI JSC Kaspi.kz ADR Sold out 0.00% −0.12
ATI Ati Inc. Reduce -9.7% 0.27% −0.12
CHTR Charter Communications Inc. Class A Reduce -2.8% 0.13% −0.11
GLOB Globant SA Reduce -68.1% 0.02% −0.11
HLT Hilton Worldwide Holdings Inc. Reduce -17.5% 0.21% −0.11
TOST Toast Inc. Class A Reduce -5.1% 0.19% −0.11
FCX Freeport-McMoran Inc. Reduce -38.4% 0.09% −0.10
TEAM Atlassian Corp. Class A Reduce -1.1% 0.18% −0.10
CNI Canadian Natl Railway Co. Reduce -8.0% 0.20% −0.09
SHEL Shell PLC-ADR Sold out 0.00% −0.09
TXN Texas Instruments Inc. Reduce -20.8% 0.13% −0.09
SPGI S&P Global Inc. Reduce -1.9% 0.25% −0.08
AMX America Movil Sab DE CV Reduce -16.0% 0.35% −0.08
HTHT H World Group Ltd.-ADR Reduce -59.4% 0.05% −0.08
DG Dollar General Corp. Sold out 0.00% −0.08
SNY Sanofi-ADR Sold out 0.00% −0.07
MO Altria Group Inc. Reduce -24.8% 0.14% −0.06
ACGL Arch Capital Group Ltd. Reduce -45.8% 0.05% −0.06
NTES Netease Inc.-ADR Reduce -13.0% 0.23% −0.05
LEGN Legend Biotech Corp.-ADR Sold out 0.00% −0.05
CSX CSX Corp. Sold out 0.00% −0.05
ATO Atmos Energy Corp. Reduce -3.0% 0.36% −0.05
G Genpact Ltd. Reduce -5.3% 0.11% −0.04
VICI Vici Properties Inc. Reduce -76.4% 0.01% −0.04
PLTR Palantir Technologies Inc. Class A Reduce -41.5% 0.07% −0.04
ZTS Zoetis Inc. Reduce -66.2% 0.01% −0.03
RIO Rio Tinto PLC-Spon ADR Sold out 0.00% −0.03
AVB Avalonbay Communities Inc. Sold out 0.00% −0.03
HWM Howmet Aerospace Inc. Reduce -7.6% 0.11% −0.03
DUOL Duolingo Reduce -34.0% 0.02% −0.03
TMUS T-Mobile US Inc. Reduce -19.2% 0.05% −0.02
MNST Monster Beverage Corp. Reduce -18.0% 0.06% −0.02
NU Nu Holdings Ltd./Cayman Isl-A Reduce -10.8% 0.13% −0.02
ARES Ares Management Corp. Class A Reduce -1.0% 0.06% −0.02
ETN Eaton Corp. PLC Sold out 0.00% −0.02
HEI.A Heico Corp. Class A Reduce -0.1% 0.08% −0.02

Portfolio Buys Q2 2025 → Q3 2025

B Barrick Mining Corp. Add +36.8% 1.47% +0.64
GOOGL Alphabet Inc. Class A Add +35.9% 1.29% +0.45
AVGO Broadcom Inc. Add +9.2% 6.39% +0.45
YMM Full Truck Alliance -SPN ADR New 0.40% +0.40
ASML ASML Holding NV-NY Reg SHS Add +38.9% 1.23% +0.34
GOOG Alphabet Inc. Class C Add +10.3% 1.67% +0.33
AAPL Apple Inc. Add +19.7% 1.77% +0.32
FUTU Futu Holdings Ltd.-ADR New 0.32% +0.32
NVDA Nvidia Corp. Add +16.3% 2.63% +0.30
TSLA Tesla Inc. Add +19.8% 1.09% +0.30
UNH Unitedhealth Group Inc. Add +47.8% 1.09% +0.28
BZ Kanzhun Ltd. - ADR Add +116.5% 0.47% +0.27
CVE Cenovus Energy Inc. Add +115.4% 0.49% +0.27
URI United Rentals Inc. Add +2857.1% 0.24% +0.23
APH Amphenol Corp. Class A New 0.20% +0.20
TEL Te Connectivity PLC Add +425.4% 0.23% +0.19
WELL Welltower Inc. Add +29.5% 0.98% +0.19
BTI British American Tob-SP ADR Add +69.1% 0.48% +0.17
BAC Bank of America Corp. Add +44.2% 0.70% +0.16
NOC Northrop Grumman Corp. Add +19.7% 0.92% +0.15
DHI D.R. Horton Inc. Add +173.2% 0.23% +0.15
ABBV Abbvie Inc. Add +39.4% 0.45% +0.13
RTX RTX Corp. Add +25.8% 0.80% +0.13
KLAC KLA Corp. Add +13.0% 1.15% +0.12
INTC Intel Corp. Add +199.4% 0.15% +0.11
BLK BlackRock Inc. Add +29.4% 0.71% +0.11
SRE Sempra Add +26.1% 0.58% +0.11
BKR Baker Hughes Co. New 0.10% +0.10
IP International Paper Co. Add +100.6% 0.26% +0.10
SO The Southern Co. Add +57.0% 0.37% +0.09
TMO Thermo Fisher Scientific Inc. Add +35.8% 0.35% +0.09
FTAI Ftai Aviation Ltd. Add +14.9% 0.30% +0.08
NTR Nutrien Ltd. Add +64.3% 0.29% +0.08
PGR Progressive Corp. Add +63.2% 0.36% +0.07
MSI Motorola Solutions Inc. Add +34.4% 0.41% +0.07
CVS CVS Health Corp. Add +27.9% 0.52% +0.07
HD Home Depot Inc. Add +27.9% 0.47% +0.07
COP Conocophillips Add +31.6% 0.51% +0.06
LHX L3HARRIS Technologies Inc. Add +27.3% 0.29% +0.06
GE General Electric Add +8.7% 1.42% +0.06
SPG Simon Property Group Inc. Add +127.8% 0.11% +0.06
FICO Fair Isaac Corp. New 0.06% +0.06
CAT Caterpillar Inc. Add +29.4% 0.25% +0.06
TCOM Trip.com Group Ltd.-ADR Add +20.4% 0.28% +0.06
TJX TJX Companies Inc. Add +46.4% 0.20% +0.06
WSO Watsco Inc. New 0.06% +0.06
WPM Wheaton Precious Metals Corp. Add +29.3% 0.23% +0.06
CFG Citizens Financial Group Add +29.5% 0.26% +0.05
CVX Chevron Corp. Add +572.9% 0.06% +0.05
SHOP Shopify Inc. Class A Add +1.5% 0.75% +0.05

Notes & Other Activity Q2 2025 → Q3 2025

BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +9.5% 172,520 $12.0M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Add +30.2% 201,213 $10.5M

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