Capital International, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Capital International, Inc. reported 304 stock positions worth $12.7 billion. Its top holding was Broadcom (AVGO) at 5.9% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Nvidia (NVDA, 2.6%). Compared with Q3 2025, it opened 21 new positions, sold out of 18, added to 151 and reduced 115. The biggest buy was a new position in Totalenergies (TTE) and the biggest sale Netflix (NFLX, shares −53%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0000895213
Portfolio Value
$12.7B (Q4 2025)
SEC Filing
0000895213-26-000002 ↗ filed Feb 11, 2026

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 Q3 2025 Q4 2025: $12.7B $12.7B Q4 2025 Q1 2026: $12.9B Q1 2026 Q2 2026: $14.2B Q2 2026

Holdings 304 stocks · $12.7B

AVGO Broadcom Inc. 5.94% 2,174,622 $752.6M Reduce -10.0%
MSFT Microsoft Corp. 5.00% 1,308,907 $633.0M Add +1.1%
NVDA Nvidia Corp. 2.58% 1,754,831 $327.3M Reduce -0.1%
META Meta Platforms Inc. Class A 2.51% 482,381 $318.4M Add +0.1%
PM Philip Morris International 2.22% 1,750,489 $280.8M Add +5.7%
AAPL Apple Inc. 2.20% 1,026,477 $279.1M Add +18.6%
GOOG Alphabet Inc. Class C 2.04% 824,995 $258.9M Reduce -3.5%
LLY Eli Lilly & Co. 1.69% 199,538 $214.4M Reduce -0.2%
GOOGL Alphabet Inc. Class A 1.50% 608,559 $190.5M Reduce -7.8%
JPM JPMorgan Chase & Co. 1.50% 588,854 $189.7M Reduce -18.1%
AMZN Amazon.com Inc. 1.49% 815,286 $188.2M Add +5.2%
V Visa Inc. Class A 1.42% 512,734 $179.8M Add +5.4%
B Barrick Mining Corp. 1.38% 3,999,403 $174.2M Reduce -28.4%
RCL Royal Caribbean Cruises Ltd. 1.38% 624,491 $174.2M Add +6.3%
TTE Totalenergies SE 1.36% 2,632,676 $171.9M New
GE General Electric filed as GE AEROSPACE 1.25% 511,904 $157.7M Reduce -12.9%
ASML ASML Holding NV-NY Reg SHS 1.20% 141,530 $151.4M Reduce -10.6%
KLAC KLA Corp. 1.12% 116,850 $142.0M Reduce -12.2%
AMGN Amgen Inc. 1.10% 425,513 $139.3M Add +10.0%
UNH Unitedhealth Group Inc. 1.10% 421,019 $139.0M Add +6.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.09% 2,514,885 $138.3M Add +49.1%
WELL Welltower Inc. 1.09% 744,277 $138.1M Add +8.8%
MA Mastercard Inc. Class A 1.07% 237,988 $135.9M Reduce -2.8%
ABT Abbott Laboratories 1.01% 1,022,306 $128.1M Add +5.9%
MRSH Marsh & McLennan Cos 1.00% 682,950 $126.7M Add +2.3%
DB Deutsche Bank AG-Registered 0.95% 3,091,176 $120.3M Reduce -39.0%
TSLA Tesla Inc. 0.93% 262,641 $118.1M Reduce -13.8%
CRM Salesforce Inc. 0.89% 426,351 $112.9M Add +11.8%
MELI MercadoLibre Inc. 0.85% 53,557 $107.9M Add +1.6%
NOC Northrop Grumman Corp. 0.83% 184,282 $105.1M Reduce -1.9%
RYAAY Ryanair Holdings PLC-SP ADR 0.78% 1,360,934 $98.2M Reduce -7.2%
RTX RTX Corp. 0.76% 523,758 $96.1M Reduce -12.5%
CEG Constellation Energy 0.75% 269,228 $95.1M Reduce -23.3%
SHOP Shopify Inc. Class A 0.75% 588,128 $94.7M Reduce -6.4%
MU Micron Technology Inc. 0.75% 331,607 $94.6M Reduce -27.3%
ONC Beone Medicines Ltd.-ADR 0.74% 307,660 $93.5M Reduce -5.6%
TSM Taiwan Semiconductor-SP ADR 0.69% 286,812 $87.2M Reduce -6.3%
COF Capital One Financial Corp. 0.61% 317,819 $77.0M Reduce -1.9%
CVE Cenovus Energy Inc. 0.60% 4,525,223 $76.6M Add +26.3%
VRTX Vertex Pharmaceuticals Inc. 0.57% 159,660 $72.4M Reduce -16.6%
SRE Sempra 0.57% 814,429 $71.9M Add +0.6%
BTI British American Tob-SP ADR 0.56% 1,253,448 $71.0M Add +10.3%
TFC Truist Financial Corp. 0.56% 1,432,928 $70.5M Add +0.5%
ABBV Abbvie Inc. 0.55% 303,791 $69.4M Add +26.4%
CVS CVS Health Corp. 0.54% 867,134 $68.8M Add +1.7%
COP Conocophillips 0.54% 725,548 $67.9M Add +7.2%
KKR KKR & Co. Inc. 0.52% 519,158 $66.2M Add +28.3%
DHR Danaher Corp. 0.52% 285,758 $65.4M Add +4.9%
MDLZ Mondelez International Inc. Class A 0.51% 1,203,129 $64.8M Add +30.4%
YUM Yum! Brands Inc. 0.50% 420,796 $63.7M Add +15.4%
SBUX Starbucks Corp. 0.49% 735,427 $61.9M Add +1.1%
TDG Transdigm Group Inc. 0.45% 43,027 $57.2M Reduce -2.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.44% 213,685 $55.3M Reduce -1.0%
TMO Thermo Fisher Scientific Inc. 0.43% 93,812 $54.4M Add +3.9%
BZ Kanzhun Ltd. - ADR 0.43% 2,648,591 $54.0M Add +5.7%
CB Chubb Ltd. 0.43% 172,627 $53.9M Reduce -15.1%
LIN Linde PLC 0.42% 125,862 $53.7M Reduce -29.9%
IR Ingersoll-Rand Inc. 0.42% 669,667 $53.1M Reduce -5.1%
BLK BlackRock Inc. 0.42% 49,215 $52.7M Reduce -35.5%
COST Costco Wholesale Corp. 0.41% 60,588 $52.2M Add +1.2%
ACN Accenture PLC Class A 0.41% 194,467 $52.2M Add +6.6%
DE Deere & Co. 0.41% 111,758 $52.0M Add +106.2%
HD Home Depot Inc. 0.41% 150,368 $51.7M Add +4.3%
FLUT Flutter Entertainment PLC-Di 0.40% 235,767 $50.7M Add +8.4%
CMCSA Comcast Corp. Class A 0.40% 1,690,598 $50.5M Add +13.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.39% 165,744 $49.1M Add +51.0%
BA The Boeing Co. 0.38% 224,352 $48.7M Reduce -2.2%
ATO Atmos Energy Corp. 0.38% 289,663 $48.6M Add +11.6%
FTAI Ftai Aviation Ltd. 0.38% 246,385 $48.5M Add +10.8%
CAT Caterpillar Inc. 0.38% 84,616 $48.5M Add +27.1%
CPNG Coupang Inc. 0.37% 1,977,356 $46.6M Add +1.5%
PDD PDD Holdings Inc. 0.37% 409,537 $46.4M Add +14.7%
MAR Marriott International Class A 0.36% 148,708 $46.1M Add +12.0%
PAYX Paychex Inc. 0.36% 408,140 $45.8M Add +69.1%
APD Air Products & Chemicals Inc. 0.36% 185,237 $45.8M Add +44.8%
SO The Southern Co. 0.36% 523,474 $45.6M Add +8.8%
PGR Progressive Corp. 0.34% 191,837 $43.7M Add +5.7%
MMYT Makemytrip Ltd. 0.34% 531,303 $43.6M Add +14.8%
UNP Union Pacific Corp. 0.34% 186,489 $43.1M Add +32.8%
APH Amphenol Corp. Class A 0.33% 312,958 $42.3M Add +55.9%
YMM Full Truck Alliance -SPN ADR 0.33% 3,900,483 $41.9M Add +1.1%
KT KT Corp.-SP ADR 0.33% 2,185,396 $41.5M Add +5.4%
XOM Exxon Mobil Corp. 0.32% 341,776 $41.1M Add +6.8%
RACE Ferrari NV 0.32% 108,182 $40.5M Reduce -41.2%
NTR Nutrien Ltd. 0.31% 645,764 $39.9M Add +3.5%
NFLX Netflix Inc. 0.31% 424,529 $39.8M Reduce -53.0%
GILD Gilead Sciences Inc. 0.31% 322,996 $39.6M Reduce -9.8%
KO The Coca-Cola Co. 0.31% 566,868 $39.6M Add +51.6%
NOW ServiceNow Inc. 0.31% 258,112 $39.5M Add +0.5%
HTHT H World Group Ltd.-ADR 0.31% 840,173 $39.5M Add +406.9%
FDX FedEx Corp. 0.31% 134,849 $39.0M Reduce -4.3%
LII Lennox International Inc. 0.31% 79,825 $38.8M Add +1156.5%
KDP Keurig Dr Pepper Inc. 0.30% 1,374,337 $38.5M Add +32.1%
CFG Citizens Financial Group 0.30% 654,571 $38.2M Add +8.0%
NI Nisource Inc. 0.30% 911,679 $38.1M Reduce -3.1%
LHX L3HARRIS Technologies Inc. 0.30% 127,622 $37.5M Add +7.9%
ATI Ati Inc. 0.30% 326,054 $37.4M Reduce -21.3%
SPGI S&P Global Inc. 0.29% 70,716 $37.0M Add +11.6%
DAL Delta Air Lines Inc. 0.29% 525,993 $36.5M Add +5.3%
C Citigroup Inc. 0.28% 299,218 $34.9M Reduce -6.8%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.27% 210,209 $34.5M Reduce -7.1%
TBBB BBB Foods Inc. Class A 0.27% 1,022,314 $34.1M Add +1.3%
WFC Wells Fargo & Co. 0.26% 359,570 $33.5M Reduce -28.9%
SPOT Spotify Technology SA 0.26% 57,292 $33.3M Add +284.7%
ISRG Intuitive Surgical Inc. 0.26% 58,032 $32.9M Reduce -6.3%
CNQ Canadian Natural Resources 0.25% 950,104 $32.2M Add +2.0%
TEL Te Connectivity PLC 0.25% 138,660 $31.5M Add +7.4%
MTD Mettler-Toledo International 0.25% 22,561 $31.5M Add +5.8%
IP International Paper Co. 0.25% 797,220 $31.4M Add +15.6%
AON Aon PLC Class A 0.25% 88,460 $31.2M Reduce -8.1%
WPM Wheaton Precious Metals Corp. 0.25% 264,131 $31.0M Add +2.0%
TCOM Trip.com Group Ltd.-ADR 0.24% 425,722 $30.6M Reduce -8.6%
INTC Intel Corp. 0.24% 816,422 $30.1M Add +42.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.24% 195,806 $30.1M Add +11.4%
MMM 3M Co. 0.23% 185,288 $29.7M Add +1.9%
JNJ Johnson & Johnson 0.23% 142,851 $29.6M Add +342.3%
AMCR Amcor PLC 0.23% 3,489,973 $29.1M New
RPRX Royalty Pharma PLC Class A 0.23% 739,185 $28.6M Add +8.5%
PAAS Pan American Silver Corp. 0.22% 549,330 $28.5M New
WCN Waste Connections Inc. 0.22% 161,247 $28.3M Add +32.3%
DRI Darden Restaurants Inc. 0.22% 153,059 $28.2M Reduce -11.3%
DHI D.R. Horton Inc. 0.22% 194,947 $28.1M Add +15.3%
AMX America Movil Sab DE CV 0.22% 1,351,016 $27.9M Reduce -35.8%
FE Firstenergy Corp. 0.22% 623,451 $27.9M Add +10.0%
TRP TC Energy Corp. 0.22% 503,659 $27.7M Add +0.3%
SNPS Synopsys Inc. 0.22% 59,007 $27.7M Reduce -16.8%
BKNG Booking Holdings Inc. 0.21% 5,064 $27.1M Reduce -40.5%
NTES Netease Inc.-ADR 0.21% 193,997 $26.7M Add +1.9%
APO Apollo Global Management Inc. 0.21% 184,118 $26.7M Reduce -5.4%
MS Morgan Stanley 0.21% 150,029 $26.6M Reduce -44.0%
AXP American Express Co. 0.21% 70,836 $26.2M Add +39.4%
BNTX Biontech SE-ADR 0.21% 273,073 $26.0M Reduce -6.9%
CNI Canadian Natl Railway Co. 0.20% 260,931 $25.8M Reduce -3.8%
STZ Constellation Brands Inc. Class A 0.20% 185,479 $25.6M Add +48.1%
RBLX Roblox Corp. Class A 0.20% 314,617 $25.5M Add +54.8%
NKE Nike Inc. Class B 0.20% 398,885 $25.4M Add +16.6%
NET Cloudflare Inc. Class A 0.20% 125,597 $24.8M Reduce -11.9%
PH Parker Hannifin Corp. 0.19% 27,788 $24.4M Add +2.5%
CME Cme Group Inc. 0.19% 88,703 $24.2M Reduce -19.5%
CHD Church & Dwight Co. Inc. 0.19% 284,927 $23.9M Add +12.8%
TOST Toast Inc. Class A 0.19% 668,756 $23.7M Add +2.4%
ALNY Alnylam Pharmaceuticals Inc. 0.19% 59,552 $23.7M Reduce -21.3%
PSA Public Storage 0.19% 91,041 $23.6M New
PBR Petroleo Brasileiro-Spon ADR 0.18% 1,942,862 $23.0M Add +100.7%
TSCO Tractor Supply Company 0.18% 447,149 $22.4M Add +6.3%
QGEN Qiagen N.V. 0.17% 474,081 $21.3M Reduce -6.4%
CMG Chipotle Mexican Grill Inc. 0.17% 572,732 $21.2M Add +77.7%
BSX Boston Scientific Corp. 0.17% 221,927 $21.2M Add +15.8%
BURL Burlington Stores Inc. 0.17% 72,428 $20.9M Add +1.1%
HEI Heico Corp. 0.16% 62,298 $20.2M Reduce -5.4%
EOG EOG Resources Inc. 0.16% 191,972 $20.2M Reduce -58.0%
WSO Watsco Inc. 0.16% 58,462 $19.7M Add +219.8%
AZN Astrazeneca PLC-Spons ADR 0.15% 213,141 $19.6M Reduce -52.5%
SHW The Sherwin-Williams Co. 0.15% 59,067 $19.1M Add +5.9%
GEV GE Vernova Inc. 0.15% 28,381 $18.5M Reduce -34.7%
GS Goldman Sachs Group Inc. 0.14% 20,646 $18.1M Reduce -20.8%
BX Blackstone Inc. 0.14% 115,938 $17.9M Reduce -31.5%
EXC Exelon Corp. 0.14% 405,916 $17.7M Add +1414.6%
PG The Procter & Gamble Co. 0.14% 121,697 $17.4M Add +23.4%
CTVA Corteva Inc. 0.14% 259,963 $17.4M Reduce -59.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.13% 1,016,110 $17.0M Add +0.6%
VRSK Verisk Analytics Inc. 0.13% 75,462 $16.9M New
G Genpact Ltd. 0.13% 357,897 $16.7M Add +8.5%
MO Altria Group Inc. 0.13% 288,981 $16.7M Add +6.4%
BAM Brookfield Asset Mgmt-A 0.13% 315,509 $16.5M Reduce -18.8%
QSR Restaurant Brands Intern 0.13% 239,219 $16.3M Add +8.4%
IBN Icici Bank Ltd.-Spon ADR 0.13% 540,613 $16.1M Reduce -12.4%
HSY The Hershey Co. 0.12% 85,393 $15.5M Add +13.6%
CNP Centerpoint Energy Inc. 0.12% 399,180 $15.3M Reduce -7.1%
DTE DTE Energy Company 0.12% 118,281 $15.3M Add +14.6%
IT Gartner Inc. 0.12% 60,267 $15.2M Add +470.2%
AEM Agnico Eagle Mines Ltd. 0.12% 88,378 $15.0M Add +119.9%
DLTR Dollar Tree Inc. 0.11% 116,109 $14.3M Add +1920.0%
SAP Sap SE-Sponsored ADR 0.11% 58,700 $14.3M Reduce -5.1%
CPRT Copart Inc. 0.11% 363,226 $14.2M Add +27.6%
ECL Ecolab Inc. 0.11% 53,649 $14.1M New
EFX Equifax Inc. 0.11% 64,635 $14.0M Reduce -35.6%
SPG Simon Property Group Inc. 0.11% 75,730 $14.0M Add +2.2%
CARR Carrier Global Corp. 0.11% 262,079 $13.8M Reduce -79.0%
TMUS T-Mobile US Inc. 0.11% 67,565 $13.7M Add +166.1%
TXN Texas Instruments Inc. 0.11% 77,516 $13.4M Reduce -9.4%
ZBH Zimmer Biomet Holdings Inc. 0.10% 147,608 $13.3M Reduce -1.4%
PLD Prologis Inc. 0.10% 103,646 $13.2M Reduce -31.2%
HUM Humana Inc. 0.10% 50,930 $13.0M Add +68.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.10% 124,137 $13.0M Reduce -20.6%
ILMN Illumina Inc. 0.10% 97,935 $12.8M Add +12.4%
WMT Walmart Inc. 0.10% 114,597 $12.8M Add +283.9%
BKR Baker Hughes Co. 0.10% 272,331 $12.4M Add +6.0%
BG Bunge Global SA 0.09% 132,426 $11.8M Add +42.8%
TEAM Atlassian Corp. Class A 0.09% 70,135 $11.4M Reduce -51.4%
BMY Bristol-Myers Squibb Co. 0.09% 210,148 $11.3M Reduce -39.4%
GM General Motors Co. 0.09% 133,693 $10.9M Add +30.5%
KEY Keycorp 0.08% 505,607 $10.4M Add +2.9%
MCD McDonald's Corp. 0.08% 33,377 $10.2M Reduce -9.6%
HEI.A Heico Corp. Class A 0.08% 40,251 $10.2M No change
AMAT Applied Materials Inc. 0.08% 38,783 $10.0M Reduce -33.1%
ETR Entergy Corp. 0.08% 107,063 $9.9M Reduce -1.9%
AME Ametek Inc. 0.08% 47,899 $9.8M No change
MTN Vail Resorts Inc. 0.08% 73,551 $9.8M Add +4.3%
COO The Cooper Cos Inc. 0.08% 118,210 $9.7M Add +22.9%
REGN Regeneron Pharmaceuticals 0.08% 12,503 $9.7M Reduce -66.5%
ALGN Align Technology Inc. 0.08% 61,793 $9.6M Add +36.9%
HLT Hilton Worldwide Holdings Inc. 0.08% 33,503 $9.6M Reduce -66.6%
JCI Johnson Controls Internation 0.07% 76,958 $9.2M Add +3.3%
PNC PNC Financial Services Group 0.07% 43,914 $9.2M Add +38.4%
KOF Coca-Cola Femsa Sab-SP ADR 0.07% 96,278 $9.1M Add +9.4%
ULS Ul Solutions Inc. Class A 0.07% 115,256 $9.1M Reduce -3.8%
AMT American Tower Corp. 0.07% 51,663 $9.1M Add +17.4%
CVX Chevron Corp. 0.07% 59,100 $9.0M Add +15.8%
PFE Pfizer Inc. 0.07% 353,156 $8.8M Add +182.3%
FICO Fair Isaac Corp. 0.07% 5,143 $8.7M Add +2.1%
VTR Ventas Inc. 0.07% 108,902 $8.4M New
RGLD Royal Gold Inc. 0.07% 37,773 $8.4M Add +86.8%
AWI Armstrong World Industries 0.07% 43,795 $8.4M Add +5.3%
ARES Ares Management Corp. Class A 0.07% 51,179 $8.3M Add +1.9%
RSG Republic Services Inc. 0.06% 38,283 $8.1M Add +22.7%
WYNN WYNN Resorts Ltd. 0.06% 66,092 $8.0M Reduce -11.5%
MSI Motorola Solutions Inc. 0.06% 19,727 $7.6M Reduce -82.2%
SAIA Saia Inc. 0.06% 22,982 $7.5M Reduce -29.4%
CG The Carlyle Group Inc. 0.06% 125,420 $7.4M Add +0.1%
BN Brookfield Corp. 0.06% 160,900 $7.4M Reduce -22.9%
ICE Intercontinental Exchange Inc. 0.06% 44,585 $7.2M Add +54.0%
FCX Freeport-McMoran Inc. 0.06% 141,028 $7.2M Reduce -50.1%
PEG Public Service Enterprise GP 0.05% 86,616 $7.0M No change
EWBC East West Bancorp Inc. 0.05% 60,445 $6.8M Add +11.8%
SLB SLB Ltd. filed as SLB LIMITED 0.05% 174,600 $6.7M Add +2.1%
URI United Rentals Inc. 0.05% 8,253 $6.7M Reduce -73.5%
ELV Elevance Health Inc. 0.05% 18,929 $6.6M Reduce -62.8%
ITT Itt Inc. 0.05% 36,935 $6.4M Add +129.6%
HPE Hewlett Packard Enterprise 0.05% 262,216 $6.3M New
MNST Monster Beverage Corp. 0.05% 78,405 $6.0M Reduce -28.9%
HON Honeywell International Inc. 0.05% 30,544 $6.0M Reduce -55.3%
ADBE Adobe Inc. 0.04% 15,879 $5.6M No change
HAL Halliburton Co. 0.04% 186,310 $5.3M Add +14.1%
BRO Brown & Brown Inc. 0.04% 64,880 $5.2M New
NEE Nextera Energy Inc. 0.04% 63,670 $5.1M Add +11.8%
KEYS Keysight Technologies Inc. 0.04% 24,814 $5.0M Add +23.4%
TOL Toll Brothers Inc. 0.04% 37,249 $5.0M No change
DBD Diebold Nixdorf Inc. 0.04% 72,617 $4.9M No change
RELX Relx PLC - Spon ADR 0.04% 121,655 $4.9M New
VZ Verizon Communications Inc. 0.04% 120,399 $4.9M No change
EQH Equitable Holdings Inc. 0.04% 101,901 $4.9M New
CSX CSX Corp. 0.04% 133,492 $4.8M New
WM Waste Management Inc. 0.04% 21,830 $4.8M Add +42.4%
TGT Target Corp. 0.04% 46,367 $4.5M No change
KHC The Kraft Heinz Co. 0.04% 186,739 $4.5M No change
NVO Novo-Nordisk A/S-Spons ADR 0.04% 87,935 $4.5M Reduce -62.4%
TT Trane Technologies PLC 0.04% 11,405 $4.4M New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.03% 45,211 $4.1M Reduce -20.6%
FITB Fifth Third Bancorp 0.03% 81,035 $3.8M No change
REXR Rexford Industrial Realty Inc. 0.03% 96,409 $3.7M Add +26.7%
RDDT Reddit Inc. Class A 0.03% 15,926 $3.7M New
CWST Casella Waste Systems Inc. Class A 0.03% 34,984 $3.4M Reduce -24.5%
MDB Mongodb Inc. 0.03% 8,135 $3.4M New
TXRH Texas Roadhouse Inc. 0.03% 20,154 $3.3M No change
FUL H.B. Fuller Co. filed as FULLER H B CO 0.03% 54,099 $3.2M No change
TTEK Tetra Tech Inc. 0.03% 95,457 $3.2M Add +54.2%
SONY Sony Group Corp. - SP ADR 0.02% 122,609 $3.1M No change
GLOB Globant SA 0.02% 47,485 $3.1M Reduce -3.1%
ICLR Icon PLC 0.02% 16,872 $3.1M Add +499.8%
MCK McKesson Corp. 0.02% 3,606 $3.0M New
BRK.B Berkshire Hathaway Inc. Class B 0.02% 5,879 $3.0M Add +7.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 25,303 $2.9M Reduce -83.2%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.02% 33,026 $2.8M Reduce -7.8%
OWL Blue Owl Capital Inc. 0.02% 183,198 $2.7M Add +247.5%
SCHW Schwab (charles) Corp. 0.02% 27,190 $2.7M New
AIT Applied Industrial Tech Inc. 0.02% 10,425 $2.7M No change
EXR Extra Space Storage Inc. 0.02% 20,232 $2.6M No change
EPAM Epam Systems Inc. 0.02% 12,817 $2.6M Add +88.0%
ARM Arm Holdings PLC-ADR 0.02% 23,041 $2.5M Add +33.0%
SCI Service Corp. International 0.02% 31,330 $2.4M Add +31.9%
T AT&T Inc. 0.02% 94,820 $2.4M No change
VALE Vale SA-SP ADR 0.02% 180,335 $2.3M Reduce -69.7%
CRH CRH PLC 0.02% 18,354 $2.3M Add +7.6%
CAH Cardinal Health Inc. 0.02% 9,902 $2.0M New
XPO Xpo Inc. 0.02% 14,314 $1.9M Reduce -27.1%
ASND Ascendis Pharma A/S 0.02% 9,065 $1.9M Reduce -13.5%
ORCL Oracle Corp. 0.01% 9,467 $1.8M Reduce -86.7%
GRFS Grifols SA-ADR 0.01% 190,360 $1.8M Reduce -2.6%
CRSP Crispr Therapeutics AG 0.01% 32,979 $1.7M Reduce -2.1%
CCI Crown Castle Inc. 0.01% 18,035 $1.6M New
DUOL Duolingo 0.01% 8,021 $1.4M Add +6.3%
WBS Webster Financial Corp. 0.01% 21,891 $1.4M Reduce -7.7%
TRN Trinity Industries Inc. 0.01% 49,036 $1.3M Add +9.8%
NUE Nucor Corp. 0.01% 7,810 $1.3M No change
NSC Norfolk Southern Corp. 0.01% 3,871 $1.1M Reduce -6.7%
SOBO South Bow Corp. 0.01% 31,473 $866K Reduce -14.3%
LOAR Loar Holdings Inc. 0.01% 11,755 $799K New
GGB Gerdau SA -Spon ADR 0.01% 210,637 $777K Reduce -2.6%
CAVA Cava Group Inc. 0.01% 12,981 $762K New
CSGP Costar Group Inc. 0.01% 10,849 $729K Add +8.9%
BLD Topbuild Corp. 0.01% 1,725 $720K Add +41.5%
CMS CMS Energy Corp. 0.01% 9,570 $669K Reduce -5.0%
TPG TPG Inc. 0.01% 10,108 $645K Reduce -8.0%
AES AES Corp. 0.01% 43,834 $629K Reduce -7.8%
CHTR Charter Communications Inc. Class A 0.00% 2,360 $493K Reduce -96.1%
MSTR Strategy Inc. 0.00% 3,166 $481K Reduce -73.9%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.00% 3,027 $375K Reduce -9.3%
ADI Analog Devices Inc. 0.00% 1,333 $362K Reduce -5.2%
SBAC SBA Communications Corp. 0.00% 1,789 $346K Reduce -5.1%
DOW Dow Inc. 0.00% 14,681 $343K Reduce -9.7%
VLTO Veralto Corp. 0.00% 3,124 $312K Add +7.8%
SW Smurfit Westrock PLC 0.00% 7,797 $302K Reduce -10.9%
EIX Edison International 0.00% 4,543 $273K Reduce -5.0%
Other holdings (5): bonds, preferreds, convertibles and warrants · $48.3M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 273,024$18.9MAdd +58.3%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 272,414$14.1MAdd +35.4%
SOUTHERN CO (SO 7.125 12/15/28 A) UNIT 12/15/2028 187,941$9.5MNew
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 47,072$3.6MAdd +167.7%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 39,200$2.3MNo change

Total filed on the 13F, all lines: $12.7B.

Portfolio Sells Q3 2025 → Q4 2025

NFLX Netflix Inc. Reduce -53.0% 0.31% −0.55
CARR Carrier Global Corp. Reduce -79.0% 0.11% −0.49
DB Deutsche Bank AG-Registered Reduce -39.0% 0.95% −0.48
AVGO Broadcom Inc. Reduce -10.0% 5.94% −0.44
RACE Ferrari NV Reduce -41.2% 0.32% −0.39
MSI Motorola Solutions Inc. Reduce -82.2% 0.06% −0.35
JPM JPMorgan Chase & Co. Reduce -18.1% 1.50% −0.32
BLK BlackRock Inc. Reduce -35.5% 0.42% −0.30
LIN Linde PLC Reduce -29.9% 0.42% −0.26
EA Electronic Arts Inc. Sold out 0.00% −0.26
EOG EOG Resources Inc. Reduce -58.0% 0.16% −0.25
CTVA Corteva Inc. Reduce -59.9% 0.14% −0.21
URI United Rentals Inc. Reduce -73.5% 0.05% −0.19
CEG Constellation Energy Reduce -23.3% 0.75% −0.17
GE General Electric Reduce -12.9% 1.25% −0.17
BKNG Booking Holdings Inc. Reduce -40.5% 0.21% −0.15
TSLA Tesla Inc. Reduce -13.8% 0.93% −0.15
ONC Beone Medicines Ltd.-ADR Reduce -5.6% 0.74% −0.15
DAY Dayforce Inc. Sold out 0.00% −0.15
ORCL Oracle Corp. Reduce -86.7% 0.01% −0.15
MAA Mid-America Apartment Comm Sold out 0.00% −0.14
AMX America Movil Sab DE CV Reduce -35.8% 0.22% −0.13
HLT Hilton Worldwide Holdings Inc. Reduce -66.6% 0.08% −0.13
MS Morgan Stanley Reduce -44.0% 0.21% −0.13
CHTR Charter Communications Inc. Class A Reduce -96.1% 0.00% −0.13
AZN Astrazeneca PLC-Spons ADR Reduce -52.5% 0.15% −0.12
DIS The Walt Disney Co. Reduce -83.2% 0.02% −0.12
HWM Howmet Aerospace Inc. Sold out 0.00% −0.11
AJG Arthur J Gallagher & Co. Reduce -1.0% 0.44% −0.10
EFX Equifax Inc. Reduce -35.6% 0.11% −0.10
TEAM Atlassian Corp. Class A Reduce -51.4% 0.09% −0.09
B Barrick Mining Corp. Reduce -28.4% 1.38% −0.09
REGN Regeneron Pharmaceuticals Reduce -66.5% 0.08% −0.09
BX Blackstone Inc. Reduce -31.5% 0.14% −0.09
ALNY Alnylam Pharmaceuticals Inc. Reduce -21.3% 0.19% −0.09
NOC Northrop Grumman Corp. Reduce -1.9% 0.83% −0.09
ELV Elevance Health Inc. Reduce -62.8% 0.05% −0.08
WFC Wells Fargo & Co. Reduce -28.9% 0.26% −0.07
NVO Novo-Nordisk A/S-Spons ADR Reduce -62.4% 0.04% −0.07
HON Honeywell International Inc. Reduce -55.3% 0.05% −0.07
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.07
GEV GE Vernova Inc. Reduce -34.7% 0.15% −0.07
SNPS Synopsys Inc. Reduce -16.8% 0.22% −0.06
PCAR Paccar Inc. Sold out 0.00% −0.05
PINS Pinterest Inc. Class A Sold out 0.00% −0.05
NET Cloudflare Inc. Class A Reduce -11.9% 0.20% −0.05
IR Ingersoll-Rand Inc. Reduce -5.1% 0.42% −0.05
ACGL Arch Capital Group Ltd. Sold out 0.00% −0.05
KMB Kimberly-Clark Corp. Sold out 0.00% −0.05
CME Cme Group Inc. Reduce -19.5% 0.19% −0.05

Portfolio Buys Q3 2025 → Q4 2025

TTE Totalenergies SE New 1.36% +1.36
AAPL Apple Inc. Add +18.6% 2.20% +0.44
BAC Bank of America Corp. Add +49.1% 1.09% +0.39
LII Lennox International Inc. Add +1156.5% 0.31% +0.28
HTHT H World Group Ltd.-ADR Add +406.9% 0.31% +0.26
AMCR Amcor PLC New 0.23% +0.23
AMGN Amgen Inc. Add +10.0% 1.10% +0.23
PAAS Pan American Silver Corp. New 0.22% +0.22
DE Deere & Co. Add +106.2% 0.41% +0.21
PSA Public Storage New 0.19% +0.19
JNJ Johnson & Johnson Add +342.3% 0.23% +0.19
SPOT Spotify Technology SA Add +284.7% 0.26% +0.18
CRM Salesforce Inc. Add +11.8% 0.89% +0.17
IBM Intl Business Machines Corp. Add +51.0% 0.39% +0.14
APH Amphenol Corp. Class A Add +55.9% 0.33% +0.13
VRSK Verisk Analytics Inc. New 0.13% +0.13
EXC Exelon Corp. Add +1414.6% 0.14% +0.13
CAT Caterpillar Inc. Add +27.1% 0.38% +0.13
AMZN Amazon.com Inc. Add +5.2% 1.49% +0.12
CVE Cenovus Energy Inc. Add +26.3% 0.60% +0.12
PAYX Paychex Inc. Add +69.1% 0.36% +0.12
KO The Coca-Cola Co. Add +51.6% 0.31% +0.11
WELL Welltower Inc. Add +8.8% 1.09% +0.11
ECL Ecolab Inc. New 0.11% +0.11
DLTR Dollar Tree Inc. Add +1920.0% 0.11% +0.11
ABBV Abbvie Inc. Add +26.4% 0.55% +0.10
KKR KKR & Co. Inc. Add +28.3% 0.52% +0.10
IT Gartner Inc. Add +470.2% 0.12% +0.10
WSO Watsco Inc. Add +219.8% 0.16% +0.10
KDP Keurig Dr Pepper Inc. Add +32.1% 0.30% +0.09
V Visa Inc. Class A Add +5.4% 1.42% +0.09
MAR Marriott International Class A Add +12.0% 0.36% +0.09
FTAI Ftai Aviation Ltd. Add +10.8% 0.38% +0.09
INTC Intel Corp. Add +42.6% 0.24% +0.08
DHR Danaher Corp. Add +4.9% 0.52% +0.08
PBR Petroleo Brasileiro-Spon ADR Add +100.7% 0.18% +0.08
APD Air Products & Chemicals Inc. Add +44.8% 0.36% +0.08
TMO Thermo Fisher Scientific Inc. Add +3.9% 0.43% +0.08
BTI British American Tob-SP ADR Add +10.3% 0.56% +0.08
WMT Walmart Inc. Add +283.9% 0.10% +0.08
UNP Union Pacific Corp. Add +32.8% 0.34% +0.07
AXP American Express Co. Add +39.4% 0.21% +0.07
STZ Constellation Brands Inc. Class A Add +48.1% 0.20% +0.07
VTR Ventas Inc. New 0.07% +0.07
CMG Chipotle Mexican Grill Inc. Add +77.7% 0.17% +0.07
PM Philip Morris International Add +5.7% 2.22% +0.06
AEM Agnico Eagle Mines Ltd. Add +119.9% 0.12% +0.06
DAL Delta Air Lines Inc. Add +5.3% 0.29% +0.06
TMUS T-Mobile US Inc. Add +166.1% 0.11% +0.06
YUM Yum! Brands Inc. Add +15.4% 0.50% +0.06

Notes & Other Activity Q3 2025 → Q4 2025

BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +58.3% 273,024 $18.9M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Add +35.4% 272,414 $14.1M
SOUTHERN CO (SO 7.125 12/15/28 A) UNIT 12/15/2028 New 187,941 $9.5M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Add +167.7% 47,072 $3.6M

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