Capital International Investors

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Capital International Investors reported 447 stock positions worth $635.3 billion. Its top holding was Broadcom (AVGO) at 7.7% of the portfolio, followed by Microsoft (MSFT, 6.2%) and Alphabet Class C (GOOG, 4.2%). Compared with Q3 2025, it opened 36 new positions, sold out of 31, added to 229 and reduced 141. The biggest buy was Apple (AAPL, shares +28%) and the biggest sale Constellation Energy (CEG, shares −36%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001562230
Portfolio Value
$635.3B (Q4 2025)
SEC Filing
0001562230-26-000005 ↗ filed Feb 11, 2026

Holdings Value

0$200.0B$400.0B$600.0B$800.0B Q1 2024: $493.7B Q1 2024 Q2 2024: $485.6B Q2 2024 Q3 2024: $520.8B Q3 2024 Q4 2024: $531.2B Q4 2024 Q1 2025: $506.3B Q1 2025 Q2 2025: $577.8B Q2 2025 Q3 2025: $617.0B Q3 2025 Q4 2025: $635.3B $635.3B Q4 2025 Q1 2026: $425.0B Q1 2026 Q2 2026: $480.4B Q2 2026

Holdings 447 stocks · $635.3B

AVGO Broadcom Inc. 7.73% 141,864,077 $49.1B Reduce -3.1%
MSFT Microsoft Corp. 6.21% 81,585,381 $39.5B Add +2.8%
GOOG Alphabet Inc. Class C 4.16% 84,244,686 $26.4B Reduce -2.3%
AAPL Apple Inc. 3.07% 71,822,415 $19.5B Add +28.2%
NVDA Nvidia Corp. 3.05% 103,774,772 $19.4B Add +1.7%
META Meta Platforms Inc. Class A 2.67% 25,713,823 $17.0B Add +5.0%
PM Philip Morris International 2.56% 101,377,875 $16.3B Add +13.7%
AMZN Amazon.com Inc. 2.53% 69,579,830 $16.1B Add +8.9%
GE General Electric filed as GE AEROSPACE 2.03% 41,885,324 $12.9B Reduce -6.6%
GOOGL Alphabet Inc. Class A 1.73% 35,174,241 $11.0B Reduce -4.7%
LLY Eli Lilly & Co. 1.67% 9,869,380 $10.6B Reduce -1.3%
MA Mastercard Inc. Class A 1.61% 17,964,658 $10.3B Add +4.4%
RCL Royal Caribbean Cruises Ltd. 1.59% 36,165,358 $10.1B Add +9.8%
WELL Welltower Inc. 1.39% 47,431,769 $8.8B Add +2.0%
TDG Transdigm Group Inc. 1.37% 6,544,423 $8.7B Add +0.8%
JPM JPMorgan Chase & Co. 1.35% 26,626,025 $8.6B Reduce -5.4%
RTX RTX Corp. 1.29% 44,512,309 $8.2B Reduce -18.9%
ABT Abbott Laboratories 1.25% 63,229,445 $7.9B Add +2.6%
TSM Taiwan Semiconductor-SP ADR 1.23% 25,658,661 $7.8B Add +0.1%
V Visa Inc. Class A 1.19% 21,516,371 $7.5B Add +1.1%
KLAC KLA Corp. 1.04% 5,450,833 $6.6B Reduce -4.8%
NOC Northrop Grumman Corp. 1.03% 11,477,634 $6.5B Reduce -2.4%
MU Micron Technology Inc. 0.99% 22,056,387 $6.3B Reduce -5.6%
SHOP Shopify Inc. Class A 0.97% 38,343,155 $6.2B Reduce -0.7%
UNH Unitedhealth Group Inc. 0.97% 18,655,111 $6.2B Add +6.6%
CRM Salesforce Inc. 0.95% 22,721,010 $6.0B Add +13.3%
AMGN Amgen Inc. 0.94% 18,186,270 $6.0B Reduce -5.3%
CEG Constellation Energy 0.94% 16,813,303 $5.9B Reduce -35.6%
TFC Truist Financial Corp. 0.84% 108,358,164 $5.3B Add +0.7%
KKR KKR & Co. Inc. 0.75% 37,169,932 $4.7B Add +18.6%
ACN Accenture PLC Class A 0.74% 17,471,554 $4.7B Add +2.0%
MDLZ Mondelez International Inc. Class A 0.74% 86,943,586 $4.7B Add +10.7%
SRE Sempra 0.72% 51,777,703 $4.6B Reduce -4.2%
COP Conocophillips 0.71% 48,360,060 $4.5B Add +6.0%
DHR Danaher Corp. 0.66% 18,246,008 $4.2B Add +8.9%
IR Ingersoll-Rand Inc. 0.65% 52,353,914 $4.1B Add +4.7%
ASML ASML Holding NV-NY Reg SHS 0.57% 3,409,421 $3.6B Reduce -13.0%
MS Morgan Stanley 0.57% 20,544,097 $3.6B Reduce -24.8%
B Barrick Mining Corp. 0.57% 83,673,678 $3.6B Reduce -17.8%
BTI British American Tob-SP ADR 0.57% 64,389,481 $3.6B Add +0.5%
MRSH Marsh & McLennan Cos 0.55% 18,766,815 $3.5B Add +0.9%
MELI MercadoLibre Inc. 0.55% 1,725,125 $3.5B Add +7.3%
TTE Totalenergies SE 0.54% 52,668,676 $3.4B Add +1438.5%
PGR Progressive Corp. 0.53% 14,921,724 $3.4B Add +8.9%
PAYX Paychex Inc. 0.53% 30,265,174 $3.4B Add +59.1%
CNP Centerpoint Energy Inc. 0.52% 86,030,252 $3.3B Reduce -1.3%
LIN Linde PLC 0.51% 7,610,387 $3.2B Add +20.1%
APH Amphenol Corp. Class A 0.50% 23,680,749 $3.2B Add +31.5%
APD Air Products & Chemicals Inc. 0.50% 12,792,580 $3.2B Add +44.2%
MSTR Strategy Inc. 0.49% 20,614,868 $3.1B Add +37.3%
TMUS T-Mobile US Inc. 0.47% 14,847,697 $3.0B Add +8.2%
YUM Yum! Brands Inc. 0.46% 19,419,826 $2.9B Add +20.0%
XOM Exxon Mobil Corp. 0.45% 23,993,545 $2.9B Reduce -0.9%
RYAAY Ryanair Holdings PLC-SP ADR 0.45% 39,929,929 $2.9B Add +6.6%
FTAI Ftai Aviation Ltd. 0.43% 13,731,430 $2.7B Reduce -1.2%
ABBV Abbvie Inc. 0.42% 11,692,765 $2.7B Add +9.2%
RBLX Roblox Corp. Class A 0.41% 31,953,301 $2.6B Add +7.3%
DB Deutsche Bank AG-Registered 0.41% 66,506,600 $2.6B Reduce -19.4%
IP International Paper Co. 0.39% 63,413,335 $2.5B Add +29.4%
PNC PNC Financial Services Group 0.39% 11,936,742 $2.5B Add +10.2%
NFLX Netflix Inc. 0.39% 26,461,233 $2.5B Reduce -19.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.39% 15,986,573 $2.5B Add +2.0%
BURL Burlington Stores Inc. 0.39% 8,477,806 $2.4B Reduce -1.5%
WFC Wells Fargo & Co. 0.38% 25,557,973 $2.4B Reduce -28.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.37% 42,862,620 $2.4B New
CVS CVS Health Corp. 0.34% 27,592,356 $2.2B Add +3.4%
VRTX Vertex Pharmaceuticals Inc. 0.34% 4,733,596 $2.1B Add +0.9%
BLK BlackRock Inc. 0.33% 1,976,762 $2.1B Add +7.4%
UAL United Airlines Holdings Inc. 0.32% 18,199,969 $2.0B Reduce -17.3%
ATO Atmos Energy Corp. 0.31% 11,893,826 $2.0B Add +8.5%
ATI Ati Inc. 0.31% 17,095,803 $2.0B Reduce -0.3%
HD Home Depot Inc. 0.28% 5,081,712 $1.7B Add +2.6%
FLUT Flutter Entertainment PLC-Di 0.27% 8,039,066 $1.7B Add +146.8%
DAL Delta Air Lines Inc. 0.26% 24,211,101 $1.7B Add +4.4%
CMG Chipotle Mexican Grill Inc. 0.26% 45,294,212 $1.7B Add +17.6%
KO The Coca-Cola Co. 0.26% 23,726,183 $1.7B Add +11.0%
HSY The Hershey Co. 0.26% 9,106,431 $1.7B Add +1.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.26% 6,280,455 $1.6B Reduce -12.7%
TOST Toast Inc. Class A 0.25% 45,391,459 $1.6B Reduce -6.3%
NOW ServiceNow Inc. 0.25% 10,393,373 $1.6B Reduce -0.8%
SPGI S&P Global Inc. 0.25% 3,037,912 $1.6B Add +43.6%
WSO Watsco Inc. 0.25% 4,642,893 $1.6B Add +103.1%
ONC Beone Medicines Ltd.-ADR 0.24% 5,113,866 $1.6B Add +1.3%
JNJ Johnson & Johnson 0.24% 7,471,031 $1.5B Add +93.3%
ITT Itt Inc. 0.24% 8,797,165 $1.5B Add +3.0%
CGHM Cap Group Muni High-Income 0.24% 59,363,041 $1.5B Add +1.5%
HUM Humana Inc. 0.23% 5,818,008 $1.5B Add +113.9%
TRP TC Energy Corp. 0.23% 26,188,429 $1.4B Reduce -12.0%
APO Apollo Global Management Inc. 0.23% 9,956,181 $1.4B Reduce -7.0%
EFX Equifax Inc. 0.22% 6,438,868 $1.4B Reduce -38.3%
LII Lennox International Inc. 0.22% 2,853,658 $1.4B Add +91.3%
MTD Mettler-Toledo International 0.21% 969,067 $1.4B Add +12.7%
AZN Astrazeneca PLC-Spons ADR 0.21% 14,521,078 $1.3B Reduce -42.0%
GEV GE Vernova Inc. 0.21% 2,036,234 $1.3B Reduce -59.9%
SBUX Starbucks Corp. 0.21% 15,758,440 $1.3B Add +7.3%
CARR Carrier Global Corp. 0.21% 24,902,054 $1.3B Reduce -57.0%
MAR Marriott International Class A 0.20% 4,107,531 $1.3B Add +7.1%
CGMU Cap Group Municipal Income 0.20% 46,328,510 $1.3B Add +1.6%
NCLH Norwegian Cruise Line Holdin 0.20% 56,177,669 $1.3B Add +7.1%
CAT Caterpillar Inc. 0.19% 2,138,909 $1.2B New
TSCO Tractor Supply Company 0.19% 24,279,046 $1.2B Add +3.9%
RPRX Royalty Pharma PLC Class A 0.19% 31,104,309 $1.2B Add +14.3%
CME Cme Group Inc. 0.18% 4,197,668 $1.1B Add +2.1%
WCN Waste Connections Inc. 0.18% 6,468,259 $1.1B Add +28.1%
BMY Bristol-Myers Squibb Co. 0.18% 20,991,527 $1.1B Reduce -35.2%
DLTR Dollar Tree Inc. 0.17% 8,763,608 $1.1B Reduce -5.4%
PSA Public Storage 0.17% 4,134,996 $1.1B Add +821.4%
FDX FedEx Corp. 0.16% 3,624,636 $1.0B Reduce -15.9%
IT Gartner Inc. 0.16% 4,004,093 $1.0B Add +28.3%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.16% 22,899,119 $999.3M Add +1.8%
COF Capital One Financial Corp. 0.15% 4,062,559 $984.7M Add +0.6%
CNI Canadian Natl Railway Co. 0.15% 9,917,406 $981.3M Reduce -1.2%
SO The Southern Co. 0.15% 11,244,052 $980.6M Reduce -42.8%
EQT Eqt Corp. 0.15% 18,259,920 $978.7M Add +3.1%
OWL Blue Owl Capital Inc. 0.15% 65,402,615 $977.1M Add +4.3%
EWBC East West Bancorp Inc. 0.15% 8,647,121 $972.1M Reduce -1.6%
CPNG Coupang Inc. 0.15% 41,131,036 $970.3M Add +20.4%
AMAT Applied Materials Inc. 0.15% 3,774,123 $970.0M Add +1.1%
UNP Union Pacific Corp. 0.15% 4,166,042 $963.8M Add +14.2%
CHD Church & Dwight Co. Inc. 0.15% 11,302,929 $947.8M Add +18.1%
CGCP Cap Group Core Plus Income 0.15% 41,266,604 $934.3M Add +24.7%
ARMK Aramark 0.14% 24,894,503 $917.8M Add +1.0%
INSM Insmed Inc. 0.14% 5,151,671 $896.6M Reduce -31.8%
WPM Wheaton Precious Metals Corp. 0.14% 7,595,725 $892.6M Add +1.3%
STZ Constellation Brands Inc. Class A 0.14% 6,442,600 $888.9M Add +48.5%
SAP Sap SE-Sponsored ADR 0.14% 3,586,780 $873.7M Reduce -10.6%
CVE Cenovus Energy Inc. 0.14% 50,979,140 $862.5M Add +3.9%
AMX America Movil Sab DE CV 0.13% 40,354,741 $834.2M Reduce -28.3%
EXR Extra Space Storage Inc. 0.13% 6,256,687 $814.7M Add +73.9%
U Unity Software Inc. 0.13% 18,370,198 $811.4M Reduce -10.1%
REXR Rexford Industrial Realty Inc. 0.13% 20,840,867 $807.1M Reduce -0.5%
CB Chubb Ltd. 0.12% 2,524,584 $788.1M Reduce -26.5%
TPG TPG Inc. 0.12% 11,734,677 $749.1M Add +0.5%
EXC Exelon Corp. 0.12% 16,938,125 $738.3M New
VRSK Verisk Analytics Inc. 0.11% 3,264,323 $730.2M Add +1200.9%
CSGP Costar Group Inc. 0.11% 10,842,010 $729.0M Add +59.7%
BKR Baker Hughes Co. 0.11% 15,933,590 $725.6M Add +6.4%
ALGN Align Technology Inc. 0.11% 4,643,221 $725.0M Add +52.2%
HLT Hilton Worldwide Holdings Inc. 0.11% 2,489,002 $715.3M Reduce -46.9%
TEL Te Connectivity PLC 0.11% 3,100,444 $705.8M Add +18.0%
BAM Brookfield Asset Mgmt-A 0.11% 13,311,859 $697.4M Reduce -17.2%
TXN Texas Instruments Inc. 0.11% 3,992,224 $692.6M Reduce -25.5%
ARES Ares Management Corp. Class A 0.11% 4,257,710 $688.2M Add +0.3%
AMT American Tower Corp. 0.11% 3,871,368 $679.7M Add +157.0%
PLD Prologis Inc. 0.11% 5,314,557 $678.5M Reduce -26.7%
PG The Procter & Gamble Co. 0.11% 4,670,565 $669.3M Reduce -23.1%
APP AppLovin Corp. Class A 0.10% 981,214 $661.2M Add +20.2%
SHW The Sherwin-Williams Co. 0.10% 2,019,742 $654.5M Reduce -24.5%
ASND Ascendis Pharma A/S 0.10% 3,063,943 $653.4M Add +0.1%
EQH Equitable Holdings Inc. 0.10% 13,545,628 $645.4M Add +23.0%
FICO Fair Isaac Corp. 0.10% 380,750 $643.7M Add +0.8%
ZBH Zimmer Biomet Holdings Inc. 0.10% 7,127,913 $640.9M Reduce -5.6%
MTN Vail Resorts Inc. 0.10% 4,784,410 $635.4M Reduce -4.4%
ULS Ul Solutions Inc. Class A 0.10% 8,043,735 $634.6M Add +6.6%
BLD Topbuild Corp. 0.10% 1,518,093 $633.3M Add +71.1%
CGCB Cap Group Core Bond 0.10% 23,650,039 $627.2M Add +24.4%
CGDG Cap Group Dividend Growers filed as CAPITAL GROUP DIVIDEND GROWE 0.10% 17,255,942 $615.0M Add +0.8%
OMF Onemain Holdings Inc. 0.10% 8,979,838 $606.6M Reduce -13.5%
WMT Walmart Inc. 0.09% 5,321,318 $592.8M New
OKE Oneok Inc. 0.09% 7,979,597 $586.5M New
NVO Novo-Nordisk A/S-Spons ADR 0.09% 11,211,106 $571.9M Reduce -36.7%
BX Blackstone Inc. 0.09% 3,670,890 $565.8M Reduce -31.4%
ELV Elevance Health Inc. 0.09% 1,587,443 $556.5M Reduce -46.3%
COST Costco Wholesale Corp. 0.09% 640,367 $552.2M Add +21.6%
CHTR Charter Communications Inc. Class A 0.09% 2,625,889 $548.2M Reduce -71.3%
TMO Thermo Fisher Scientific Inc. 0.08% 920,143 $533.2M Add +0.6%
PDD PDD Holdings Inc. 0.08% 4,698,655 $532.8M Add +20.8%
URI United Rentals Inc. 0.08% 644,736 $522.1M Reduce -81.0%
MKSI MKS Inc. 0.08% 3,239,230 $517.6M Reduce -0.5%
LOAR Loar Holdings Inc. 0.08% 7,218,814 $490.9M Add +61.8%
NKE Nike Inc. Class B 0.08% 7,642,382 $486.9M Add +83.3%
KDP Keurig Dr Pepper Inc. 0.07% 16,858,031 $472.2M Add +1987.4%
CFG Citizens Financial Group 0.07% 8,000,750 $467.4M Add +32.3%
ETR Entergy Corp. 0.07% 4,965,039 $459.1M Reduce -34.8%
CMCSA Comcast Corp. Class A 0.07% 15,284,483 $456.9M Add +0.8%
TCOM Trip.com Group Ltd.-ADR 0.07% 6,220,441 $447.3M Reduce -2.5%
SLB SLB Ltd. filed as SLB LIMITED 0.07% 11,627,072 $446.2M Add +86.9%
AWI Armstrong World Industries 0.07% 2,321,993 $443.7M Add +1.0%
AON Aon PLC Class A 0.07% 1,255,765 $443.4M Reduce -28.5%
RELX Relx PLC - Spon ADR 0.07% 10,662,595 $433.9M Add +66.7%
SOBO South Bow Corp. 0.07% 15,483,085 $425.8M Add +0.6%
KVYO Klaviyo Inc. Class A 0.07% 12,788,846 $415.3M New
RIVN Rivian Automotive Inc. Class A 0.06% 20,769,844 $409.4M Add +13.2%
CVX Chevron Corp. 0.06% 2,683,442 $409.0M Add +5.2%
HTHT H World Group Ltd.-ADR 0.06% 8,334,604 $392.1M Add +71.8%
IBN Icici Bank Ltd.-Spon ADR 0.06% 13,070,452 $389.5M Reduce -35.6%
FCX Freeport-McMoran Inc. 0.06% 7,652,756 $388.8M Reduce -33.7%
BKNG Booking Holdings Inc. 0.06% 72,113 $386.2M Reduce -58.3%
SPOT Spotify Technology SA 0.06% 655,092 $380.3M Add +113.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.06% 4,155,990 $376.8M Add +0.4%
BRO Brown & Brown Inc. 0.06% 4,663,165 $371.7M New
SAIA Saia Inc. 0.06% 1,115,424 $364.2M Reduce -21.4%
PBR Petroleo Brasileiro-Spon ADR 0.06% 30,637,308 $363.1M Add +51.6%
GH Guardant Health Inc. 0.06% 3,528,656 $360.4M Reduce -24.8%
VALE Vale SA-SP ADR 0.06% 27,642,423 $360.3M Reduce -40.2%
AMCR Amcor PLC 0.06% 42,473,289 $354.2M New
CHDN Churchill Downs Inc. 0.06% 3,099,437 $352.7M Add +0.0%
NTR Nutrien Ltd. 0.05% 5,575,762 $344.2M Add +0.7%
CGSM Cap Group Short Muni Income 0.05% 13,026,702 $343.1M Add +1.0%
NI Nisource Inc. 0.05% 8,167,328 $341.1M Add +0.4%
RGLD Royal Gold Inc. 0.05% 1,493,661 $332.0M New
WM Waste Management Inc. 0.05% 1,508,783 $331.5M Add +10.2%
TT Trane Technologies PLC 0.05% 834,119 $324.6M New
TEAM Atlassian Corp. Class A 0.05% 1,946,366 $315.6M Reduce -45.3%
CRSP Crispr Therapeutics AG 0.05% 5,892,745 $309.0M Add +4.3%
SPXC SPX Technologies Inc. 0.05% 1,537,009 $307.5M New
SNAP Snap Inc. Class A 0.05% 37,871,060 $305.6M Add +0.2%
CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E 0.05% 9,928,478 $302.7M Add +0.7%
TTEK Tetra Tech Inc. 0.05% 9,016,577 $302.4M Add +27.4%
TTWO Take-Two Interactive Softwre 0.05% 1,181,044 $302.4M Add +0.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.05% 3,190,426 $291.5M Add +8.0%
CAVA Cava Group Inc. 0.05% 4,885,317 $286.7M Add +15.5%
BRK.B Berkshire Hathaway Inc. Class B 0.04% 566,133 $284.6M Add +1.2%
TSLA Tesla Inc. 0.04% 625,663 $281.4M Reduce -8.1%
PI Impinj Inc. 0.04% 1,564,251 $272.2M No change
WBS Webster Financial Corp. 0.04% 4,177,281 $263.1M Add +0.4%
BLDR Builders Firstsource Inc. 0.04% 2,526,676 $260.0M Reduce -28.7%
SCHW Schwab (charles) Corp. 0.04% 2,524,075 $252.2M Add +78.3%
AIT Applied Industrial Tech Inc. 0.04% 962,925 $247.3M Add +25.4%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.04% 6,046,805 $243.3M Add +1.1%
PAY Paymentus Holdings Inc. Class A 0.04% 7,655,433 $241.8M Add +6.6%
INTC Intel Corp. 0.04% 6,486,188 $239.3M Add +167.7%
ACA Arcosa Inc. 0.04% 2,244,231 $238.6M Add +0.7%
ADI Analog Devices Inc. 0.04% 877,336 $237.9M Reduce -56.4%
TRN Trinity Industries Inc. 0.04% 8,927,843 $236.3M Add +65.0%
NWG Natwest Group PLC -Spon ADR 0.04% 13,361,656 $235.0M Reduce -1.3%
MCK McKesson Corp. 0.04% 275,918 $226.3M Add +50.0%
RACE Ferrari NV 0.04% 598,299 $222.8M Reduce -60.1%
TSEM Tower Semiconductor Ltd. 0.04% 1,895,161 $222.5M New
UBER Uber Technologies Inc. 0.03% 2,677,371 $218.8M Add +15.7%
PAAS Pan American Silver Corp. 0.03% 4,159,115 $215.5M New
AZZ Azz Inc. 0.03% 2,009,812 $215.4M Add +2.5%
PCG P G & E Corp. 0.03% 12,776,909 $205.3M Reduce -64.0%
KT KT Corp.-SP ADR 0.03% 10,750,378 $203.9M Add +0.7%
BZ Kanzhun Ltd. - ADR 0.03% 9,845,468 $200.7M Add +22.2%
ECL Ecolab Inc. 0.03% 762,319 $200.1M Add +0.6%
AES AES Corp. 0.03% 13,715,017 $196.8M Add +0.1%
CWST Casella Waste Systems Inc. Class A 0.03% 1,998,409 $195.7M Add +2.1%
CPRT Copart Inc. 0.03% 4,997,120 $195.6M New
SONY Sony Group Corp. - SP ADR 0.03% 7,446,889 $191.5M Add +23.1%
EFA iShares MSCI Eafe ETF 0.03% 1,966,497 $189.6M Add +184.7%
WTFC Wintrust Financial Corp. 0.03% 1,334,466 $186.6M Reduce -2.4%
NEE Nextera Energy Inc. 0.03% 2,324,163 $186.6M Reduce -36.8%
BR Broadridge Financial Solutio 0.03% 829,608 $185.1M Reduce -6.6%
KHC The Kraft Heinz Co. 0.03% 7,616,122 $184.7M Add +0.4%
ACGL Arch Capital Group Ltd. 0.03% 1,917,867 $184.0M Add +1.4%
YMM Full Truck Alliance -SPN ADR 0.03% 16,533,004 $177.4M Add +13.9%
SAN Banco Santander SA-Spon ADR 0.03% 14,766,849 $174.8M Add +1.6%
EPAC Enerpac Tool Group Corp. 0.03% 4,530,064 $173.2M No change
OSIS Osi Systems Inc. 0.03% 674,343 $172.0M No change
ECG Everus Construction Group 0.03% 1,935,774 $165.6M No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.02% 941,214 $154.6M Add +1.0%
BBVA Banco Bilbao Vizcaya-SP ADR 0.02% 6,541,165 $153.4M Reduce -1.1%
XENE Xenon Pharmaceuticals Inc. 0.02% 3,414,959 $153.1M Add +7.3%
SSB Southstate Bank Corp. 0.02% 1,620,981 $152.6M No change
NCNO Ncino Inc. 0.02% 5,854,698 $150.1M Reduce -0.0%
GLOB Globant SA 0.02% 2,283,802 $149.3M Add +10.6%
DG Dollar General Corp. 0.02% 1,122,046 $149.0M Reduce -10.9%
HUBG Hub Group Inc. Class A 0.02% 3,465,688 $147.7M Add +16.9%
HEI Heico Corp. 0.02% 437,009 $141.6M Add +2.9%
TBBB BBB Foods Inc. Class A 0.02% 4,233,214 $141.3M Reduce -34.9%
NPO Enpro Inc. 0.02% 646,280 $138.4M No change
FN Fabrinet 0.02% 300,783 $136.9M Reduce -52.9%
KAI Kadant Inc. 0.02% 477,474 $136.1M Reduce -0.0%
WMS Advanced Drainage Systems Inc. 0.02% 936,239 $135.6M Add +0.3%
TW Tradeweb Markets Inc. Class A 0.02% 1,259,524 $135.4M Add +123.5%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.02% 8,004,823 $134.0M Add +0.9%
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.02% 3,488,093 $133.8M No change
TTAN Servicetitan Inc. Class A 0.02% 1,224,699 $130.4M Add +23.9%
MMYT Makemytrip Ltd. 0.02% 1,555,556 $127.7M Reduce -9.4%
SCI Service Corp. International 0.02% 1,627,883 $126.9M Add +0.2%
ESNT Essent Group Ltd. 0.02% 1,874,398 $121.9M Reduce -5.7%
CGGE Cap Group Global Eq filed as CAPITAL GROUP GLOBAL EQUITY 0.02% 3,801,915 $120.3M Add +15343.0%
QGEN Qiagen N.V. 0.02% 2,587,505 $116.4M Add +11.4%
SYRE Spyre Therapeutics Inc. 0.02% 3,492,541 $114.4M Add +46.0%
FIS Fidelity National Info Serv 0.02% 1,715,044 $114.0M Add +0.6%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.02% 1,080,468 $113.1M Add +0.5%
SKWD Skyward Specialty Insurance 0.02% 2,212,710 $113.1M No change
STT State Street Corp. 0.02% 876,277 $113.0M Reduce -61.5%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.02% 882,808 $109.4M Add +0.1%
ACWI iShares MSCI Acwi ETF 0.02% 762,501 $108.6M Add +297.1%
BNTX Biontech SE-ADR 0.02% 1,134,941 $108.0M Reduce -0.0%
SSD Simpson Manufacturing Co. Inc. 0.02% 663,195 $107.1M Add +93.7%
WHD Cactus Inc. Class A 0.02% 2,343,731 $107.1M Add +27.0%
FIX Comfort Systems USA Inc. 0.02% 113,632 $106.1M Reduce -19.1%
SOC Sable Offshore Corp. 0.02% 11,592,407 $104.6M Add +542.6%
WSC Willscot Holdings Corp. 0.02% 5,489,528 $103.4M Add +10.8%
RAPP Rapport Therapeutics Inc. 0.02% 3,402,529 $103.2M No change
BUD Anheuser-Busch Inbev-SPN ADR 0.02% 1,586,175 $102.5M Reduce -0.8%
ALH Alliance Laundry Holdings Inc. 0.02% 4,987,638 $101.5M New
AAON Aaon Inc. 0.02% 1,328,881 $101.3M Reduce -9.7%
CG The Carlyle Group Inc. 0.02% 1,713,670 $101.3M Add +0.5%
GGB Gerdau SA -Spon ADR 0.02% 27,415,434 $101.2M Reduce -11.7%
ATRO Astronics Corp. 0.02% 1,849,886 $100.3M Add +31.5%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.02% 1,106,411 $99.6M Reduce -0.0%
SSNC Ss&c Technologies Holdings 0.02% 1,121,718 $98.1M Add +0.4%
RBRK Rubrik Inc. Class A 0.02% 1,281,667 $98.0M Reduce -3.0%
CAH Cardinal Health Inc. 0.02% 472,416 $97.1M New
HEI.A Heico Corp. Class A 0.02% 379,604 $96.0M Add +0.7%
CDRE Cadre Holdings Inc. 0.01% 2,320,341 $94.8M No change
FIBK First Interstate Bancsys-A 0.01% 2,673,512 $92.5M New
MRK Merck & Co. Inc. 0.01% 860,735 $90.6M Reduce -74.6%
WING Wingstop Inc. 0.01% 373,524 $89.1M Add +18.3%
HCC Warrior Met Coal Inc. 0.01% 998,103 $88.0M Add +17.1%
FCN Fti Consulting Inc. 0.01% 512,947 $87.6M Add +74.7%
TEVA Teva Pharmaceutical-SP ADR 0.01% 2,794,784 $87.2M Add +2.5%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.01% 3,618,132 $86.9M Add +15.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.01% 121,461 $83.4M Add +46.3%
AME Ametek Inc. 0.01% 394,891 $81.3M Reduce -3.6%
WH Wyndham Hotels & Resorts Inc. 0.01% 1,070,797 $80.9M Reduce -39.0%
DRI Darden Restaurants Inc. 0.01% 433,155 $79.8M Reduce -77.3%
KLIC Kulicke & Soffa Industries 0.01% 1,744,923 $79.5M Reduce -27.0%
CR Crane Co. 0.01% 421,616 $77.8M Reduce -51.8%
GBCI Glacier Bancorp Inc. 0.01% 1,742,780 $76.8M No change
CYTK Cytokinetics Inc. 0.01% 1,178,780 $74.9M No change
FCPT Four Corners Property Trust 0.01% 3,246,154 $74.9M No change
NAMS Newamsterdam Pharma Co. NV 0.01% 2,062,535 $72.4M No change
CCI Crown Castle Inc. 0.01% 809,166 $71.9M Add +3.5%
ELF Elf Beauty Inc. 0.01% 936,831 $71.2M No change
GIS General Mills Inc. 0.01% 1,513,221 $70.4M Add +0.1%
CSW CSW Industrials Inc. 0.01% 226,298 $66.4M Add +50.6%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.01% 761,913 $65.6M Add +0.6%
UPWK Upwork Inc. 0.01% 3,288,860 $65.2M Add +37.7%
FND Floor & Decor Holdings Inc. Class A 0.01% 1,054,949 $64.2M Reduce -20.8%
LOMA Loma Negra Cia Ind-Spon ADR 0.01% 4,668,387 $60.5M Add +0.5%
TLN Talen Energy Corp. 0.01% 157,912 $59.2M Reduce -1.2%
STC Stewart Information Services 0.01% 842,077 $59.2M Add +10.2%
GKOS Glaukos Corp. 0.01% 511,510 $57.8M No change
EVR Evercore Inc. Class A 0.01% 166,790 $56.8M Reduce -72.4%
CTVA Corteva Inc. 0.01% 835,249 $56.0M Reduce -92.8%
TFX Teleflex Inc. 0.01% 455,825 $55.6M Add +24.4%
STUB Stubhub Holdings Inc. Class A 0.01% 4,082,393 $55.2M New
HLI Houlihan Lokey Inc. 0.01% 313,232 $54.6M Reduce -45.1%
CNQ Canadian Natural Resources 0.01% 1,609,863 $54.5M Add +68.1%
DUOL Duolingo 0.01% 308,605 $54.2M Add +0.9%
CSX CSX Corp. 0.01% 1,482,794 $53.8M Add +4.5%
CWAN Clearwater Analytics HDS-A 0.01% 2,213,179 $53.4M New
TAP Molson Coors Beverage Co. Class B 0.01% 1,135,455 $53.0M Add +0.1%
FLEX Flex Ltd. 0.01% 864,808 $52.3M No change
NSC Norfolk Southern Corp. 0.01% 180,528 $52.2M Add +7.5%
IDA Idacorp Inc. 0.01% 406,728 $51.5M Add +7.8%
FRME First Merchants Corp. 0.01% 1,346,300 $50.5M No change
LMB Limbach Holdings Inc. 0.01% 645,288 $50.2M No change
COMP Compass Inc. Class A 0.01% 4,748,742 $50.2M New
CELH Celsius Holdings Inc. 0.01% 1,074,845 $49.2M Reduce -65.6%
PHR Phreesia Inc. 0.01% 2,851,536 $48.2M Reduce -9.0%
GWRE Guidewire Software Inc. 0.01% 239,672 $48.2M No change
TIGR Up Fintech Holding Ltd. - ADR 0.01% 5,005,706 $47.9M New
CMA Comerica Inc. 0.01% 542,329 $47.1M Reduce -11.4%
VST Vistra Corp. 0.01% 289,093 $46.6M Reduce -81.5%
CGNX Cognex Corp. 0.01% 1,280,272 $46.1M Add +5.0%
POWI Power Integrations Inc. 0.01% 1,264,369 $44.9M Reduce -0.1%
FIG Figma Inc. Class A 0.01% 1,200,793 $44.9M Add +0.6%
DDOG Datadog Inc. Class A 0.01% 322,631 $43.9M Reduce -85.0%
CECO Ceco Environmental Corp. 0.01% 721,982 $43.2M Reduce -56.9%
TERN Terns Pharmaceuticals Inc. 0.01% 1,060,000 $42.8M New
CGHY Cap Group High Yield Bond 0.01% 1,675,000 $42.5M Reduce -12.8%
HON Honeywell International Inc. 0.01% 216,615 $42.3M Add +4.7%
MLYS Mineralys Therapeutics Inc. 0.01% 1,163,290 $42.2M Reduce -51.4%
AEM Agnico Eagle Mines Ltd. 0.01% 247,724 $42.0M Add +34.1%
NAVN Navan Inc. Class A 0.01% 2,433,100 $41.6M New
CLBT Cellebrite Di Ltd. 0.01% 2,278,040 $41.1M New
COIN Coinbase Global Inc. Class A 0.01% 180,137 $40.7M Add +0.5%
RIO Rio Tinto PLC-Spon ADR 0.01% 493,419 $39.7M New
SMTC Semtech Corp. 0.01% 537,298 $39.6M New
KRMN Karman Holdings Inc. 0.01% 540,186 $39.5M Reduce -31.7%
SBAC SBA Communications Corp. 0.01% 196,714 $38.1M Add +0.1%
LYV Live Nation Entertainment Inc. 0.01% 265,145 $37.8M Add +0.9%
CXT Crane NXT Co. 0.01% 799,793 $37.6M Reduce -53.6%
BABA Alibaba Group Holding-SP ADR 0.01% 251,841 $36.9M Add +4.3%
NTSK Netskope Inc. Class A 0.01% 2,101,264 $36.9M Add +0.1%
WGS Genedx Holdings Corp. 0.01% 283,248 $36.8M Add +182.4%
AFRM Affirm Holdings Inc. 0.01% 489,264 $36.4M Reduce -0.3%
NTES Netease Inc.-ADR 0.01% 260,368 $36.1M Add +1.3%
OSW Onespaworld Holdings Ltd. 0.01% 1,528,664 $31.7M No change
PRGS Progress Software Corp. 0.00% 722,081 $31.0M No change
FVRR Fiverr International Ltd. 0.00% 1,518,959 $30.0M No change
CAE Cae Inc. 0.00% 964,743 $29.3M Reduce -26.5%
CGGG Cap Group Large Growth 0.00% 1,000,000 $28.6M No change
GNRC Generac Holdings Inc. 0.00% 207,989 $28.4M No change
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.00% 641,400 $28.3M No change
MBB iShares MBS ETF 0.00% 294,575 $28.0M Add +72.6%
VLTO Veralto Corp. 0.00% 280,862 $28.0M Add +20.0%
TWFG TWFG Inc. 0.00% 958,490 $27.6M Add +114.4%
CIGI Colliers Intl GR-Subord Vot 0.00% 185,633 $27.3M No change
VOYG Voyager Technologies Inc. Class A 0.00% 1,033,158 $27.0M Add +93.4%
CGVV Cap Group Large Value 0.00% 1,000,000 $26.9M No change
NATL NCR Atleos Corp. 0.00% 682,561 $26.0M Add +63.0%
RELY Remitly Global Inc. 0.00% 1,762,894 $24.3M New
WOR Worthington Enterprises Inc. 0.00% 416,654 $21.5M No change
LEGN Legend Biotech Corp.-ADR 0.00% 941,600 $20.5M No change
NP Neptune Insurance Holdi Class A 0.00% 700,000 $20.4M New
FSS Federal Signal Corp. 0.00% 187,058 $20.3M No change
FYBR Frontier Communications Pare 0.00% 517,869 $19.7M No change
AGIO Agios Pharmaceuticals Inc. 0.00% 703,865 $19.2M New
BBWI Bath & Body Works Inc. 0.00% 916,443 $18.4M No change
HURN Huron Consulting Group Inc. 0.00% 98,443 $17.0M Add +964.3%
CE Celanese Corp. 0.00% 391,850 $16.6M Add +0.3%
NOVT Novanta Inc. 0.00% 134,552 $16.0M No change
VIA Via Transportation Inc. Class A 0.00% 550,000 $16.0M No change
SW Smurfit Westrock PLC 0.00% 387,767 $15.0M Reduce -0.2%
BLLN Billiontoone Inc. Class A 0.00% 178,000 $14.6M New
UL Unilever PLC-Sponsored ADR 0.00% 212,754 $14.0M New
NSIT Insight Enterprises Inc. 0.00% 162,924 $13.3M Reduce -51.0%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.00% 85,681 $12.7M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.00% 65,755 $12.1M Reduce -1.0%
XMTR Xometry Inc. Class A 0.00% 200,929 $11.9M New
BORR Borr Drilling Ltd. 0.00% 2,959,071 $11.9M Add +0.7%
VEA Vanguard Ftse Developed ETF 0.00% 157,629 $9.9M Add +273.5%
IOO iShares Global 100 ETF 0.00% 46,467 $5.9M Add +171.6%
SMLR Semler Scientific Inc. 0.00% 385,239 $5.9M No change
HELE Helen of Troy Ltd. 0.00% 269,597 $5.7M No change
IWD iShares Russell 1000 Value E 0.00% 20,859 $4.4M Add +239.8%
VT Vanguard Tot World STK ETF 0.00% 28,748 $4.1M Add +12.6%
DGRO iShares Core Dividend Growth 0.00% 56,112 $3.9M Add +37.0%
IWB iShares Russell 1000 ETF 0.00% 8,619 $3.2M Add +94.3%
VEU Vanguard Ftse All-World Ex-U 0.00% 38,364 $2.8M Add +129.9%
CGUI Cap Group Ultra Short Income 0.00% 105,000 $2.7M Add +40.0%
CGIB Cap Group Intl Bond HDG 0.00% 90,315 $2.3M Reduce -73.1%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.00% 63,558 $1.9M No change
CGSD Cap Group Short Duration 0.00% 71,040 $1.8M Reduce -29.7%
SOLS Solstice Adv Materials Inc. 0.00% 33,949 $1.6M Reduce -34.4%
MSCI MSCI Inc. 0.00% 2,798 $1.6M Reduce -94.9%
DBD Diebold Nixdorf Inc. 0.00% 23,254 $1.6M No change
CGNG Cap Group New Geography Eq filed as CAPITAL GROUP NEW GEOGRAPHY 0.00% 40,883 $1.3M Reduce -0.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 6,679 $1.3M Add +91.0%
BP BP PLC-Spons ADR 0.00% 32,686 $1.1M Reduce -30.6%
VXUS Vanguard Total Intl Stock 0.00% 13,397 $1.0M New
MICC The Magnum Ice Cream Co. NV 0.00% 62,868 $999K New
CMS CMS Energy Corp. 0.00% 12,951 $906K Add +4.2%
IWF iShares Russell 1000 Growth 0.00% 1,804 $860K New
CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL 0.00% 20,000 $696K Reduce -50.0%
TFII Tfi International Inc. 0.00% 6,642 $695K Reduce -23.9%
CGIC Cap Group Intl Core Eq filed as CAPITAL GROUP INTERNATIONAL 0.00% 20,128 $654K Reduce -49.8%
CGMM Cap Group Small and Mid Cap 0.00% 21,632 $624K Reduce -71.6%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.00% 20,291 $600K Add +0.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.00% 1,828 $580K New
IHG Intercontinental Hotels-ADR 0.00% 3,838 $544K Add +2.5%
NGG National Grid PLC-SP ADR 0.00% 6,622 $515K Reduce -18.5%
DOW Dow Inc. 0.00% 20,660 $483K Add +8.6%
EIX Edison International 0.00% 5,897 $354K Reduce -0.8%
NUE Nucor Corp. 0.00% 2,142 $350K Reduce -61.8%
ICE Intercontinental Exchange Inc. 0.00% 1,617 $264K Reduce -23.2%
EA Electronic Arts Inc. 0.00% 1,217 $249K Reduce -100.0%
LHX L3HARRIS Technologies Inc. 0.00% 828 $245K Reduce -12.0%
QCOM Qualcomm Inc. 0.00% 1,373 $238K Reduce -2.7%
NFE New Fortress Energy Inc. 0.00% 89,859 $102K No change
Other holdings (7): bonds, preferreds, convertibles and warrants · $2.7B (not counted above)
SecurityClassShares / PrincipalValueChange
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 13,880,658$809.0MAdd +6.7%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 14,613,757$757.6MAdd +31.1%
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 10,119,545$698.9MAdd +0.1%
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 2,092,400$164.8MAdd +0.4%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 2,159,420$163.1MAdd +122.5%
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 1,957,900$80.3MReduce -42.0%
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal 14,613,000$12.0MNew

Total filed on the 13F, all lines: $638.0B.

Portfolio Sells Q3 2025 → Q4 2025

CEG Constellation Energy Reduce -35.6% 0.94% −0.46
URI United Rentals Inc. Reduce -81.0% 0.08% −0.44
CARR Carrier Global Corp. Reduce -57.0% 0.21% −0.35
CHTR Charter Communications Inc. Class A Reduce -71.3% 0.09% −0.32
EA Electronic Arts Inc. Reduce -100.0% 0.00% −0.32
GEV GE Vernova Inc. Reduce -59.9% 0.21% −0.30
NFLX Netflix Inc. Reduce -19.0% 0.39% −0.24
DAY Dayforce Inc. Sold out 0.00% −0.21
EFX Equifax Inc. Reduce -38.3% 0.22% −0.21
RTX RTX Corp. Reduce -18.9% 1.29% −0.20
GE General Electric Reduce -6.6% 2.03% −0.15
SO The Southern Co. Reduce -42.8% 0.15% −0.15
NOC Northrop Grumman Corp. Reduce -2.4% 1.03% −0.13
MS Morgan Stanley Reduce -24.8% 0.57% −0.13
CTVA Corteva Inc. Reduce -92.8% 0.01% −0.12
WFC Wells Fargo & Co. Reduce -28.1% 0.38% −0.11
AJG Arthur J Gallagher & Co. Reduce -12.7% 0.26% −0.11
AVGO Broadcom Inc. Reduce -3.1% 7.73% −0.10
VICI Vici Properties Inc. Sold out 0.00% −0.10
AZN Astrazeneca PLC-Spons ADR Reduce -42.0% 0.21% −0.10
DIS The Walt Disney Co. Sold out 0.00% −0.10
BKNG Booking Holdings Inc. Reduce -58.3% 0.06% −0.09
JPM JPMorgan Chase & Co. Reduce -5.4% 1.35% −0.09
HLT Hilton Worldwide Holdings Inc. Reduce -46.9% 0.11% −0.08
RACE Ferrari NV Reduce -60.1% 0.04% −0.08
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.08
NVO Novo-Nordisk A/S-Spons ADR Reduce -36.7% 0.09% −0.07
SRE Sempra Reduce -4.2% 0.72% −0.07
ELV Elevance Health Inc. Reduce -46.3% 0.09% −0.07
DHI D.R. Horton Inc. Sold out 0.00% −0.06
DB Deutsche Bank AG-Registered Reduce -19.4% 0.41% −0.06
NOW ServiceNow Inc. Reduce -0.8% 0.25% −0.06
AMX America Movil Sab DE CV Reduce -28.3% 0.13% −0.06
BX Blackstone Inc. Reduce -31.4% 0.09% −0.06
BMY Bristol-Myers Squibb Co. Reduce -35.2% 0.18% −0.06
EOG EOG Resources Inc. Sold out 0.00% −0.05
PCG P G & E Corp. Reduce -64.0% 0.03% −0.05
SAND Sandstorm Gold Ltd. Sold out 0.00% −0.05
TXN Texas Instruments Inc. Reduce -25.5% 0.11% −0.05
SHW The Sherwin-Williams Co. Reduce -24.5% 0.10% −0.05
DRI Darden Restaurants Inc. Reduce -77.3% 0.01% −0.05
PG The Procter & Gamble Co. Reduce -23.1% 0.11% −0.05
PCAR Paccar Inc. Sold out 0.00% −0.04
DDOG Datadog Inc. Class A Reduce -85.0% 0.01% −0.04
ADI Analog Devices Inc. Reduce -56.4% 0.04% −0.04
ETR Entergy Corp. Reduce -34.8% 0.07% −0.04
TEAM Atlassian Corp. Class A Reduce -45.3% 0.05% −0.04
VST Vistra Corp. Reduce -81.5% 0.01% −0.04
ASML ASML Holding NV-NY Reg SHS Reduce -13.0% 0.57% −0.04
BAM Brookfield Asset Mgmt-A Reduce -17.2% 0.11% −0.04

Portfolio Buys Q3 2025 → Q4 2025

AAPL Apple Inc. Add +28.2% 3.07% +0.76
TTE Totalenergies SE Add +1438.5% 0.54% +0.51
BAC Bank of America Corp. New 0.37% +0.37
AMZN Amazon.com Inc. Add +8.9% 2.53% +0.25
PM Philip Morris International Add +13.7% 2.56% +0.22
CAT Caterpillar Inc. New 0.19% +0.19
CRM Salesforce Inc. Add +13.3% 0.95% +0.18
PSA Public Storage Add +821.4% 0.17% +0.15
PAYX Paychex Inc. Add +59.1% 0.53% +0.14
APH Amphenol Corp. Class A Add +31.5% 0.50% +0.14
FLUT Flutter Entertainment PLC-Di Add +146.8% 0.27% +0.14
JNJ Johnson & Johnson Add +93.3% 0.24% +0.13
HUM Humana Inc. Add +113.9% 0.23% +0.12
DHR Danaher Corp. Add +8.9% 0.66% +0.12
EXC Exelon Corp. New 0.12% +0.12
APD Air Products & Chemicals Inc. Add +44.2% 0.50% +0.11
VRSK Verisk Analytics Inc. Add +1200.9% 0.11% +0.10
WSO Watsco Inc. Add +103.1% 0.25% +0.10
WMT Walmart Inc. New 0.09% +0.09
OKE Oneok Inc. New 0.09% +0.09
LII Lennox International Inc. Add +91.3% 0.22% +0.09
RYAAY Ryanair Holdings PLC-SP ADR Add +6.6% 0.45% +0.09
KKR KKR & Co. Inc. Add +18.6% 0.75% +0.09
SPGI S&P Global Inc. Add +43.6% 0.25% +0.08
KDP Keurig Dr Pepper Inc. Add +1987.4% 0.07% +0.07
TSM Taiwan Semiconductor-SP ADR Add +0.1% 1.23% +0.07
KVYO Klaviyo Inc. Class A New 0.07% +0.07
YUM Yum! Brands Inc. Add +20.0% 0.46% +0.06
AMT American Tower Corp. Add +157.0% 0.11% +0.06
BRO Brown & Brown Inc. New 0.06% +0.06
AMCR Amcor PLC New 0.06% +0.06
ACN Accenture PLC Class A Add +2.0% 0.74% +0.05
RGLD Royal Gold Inc. New 0.05% +0.05
ALGN Align Technology Inc. Add +52.2% 0.11% +0.05
DAL Delta Air Lines Inc. Add +4.4% 0.26% +0.05
TT Trane Technologies PLC New 0.05% +0.05
SPXC SPX Technologies Inc. New 0.05% +0.05
EXR Extra Space Storage Inc. Add +73.9% 0.13% +0.05
STZ Constellation Brands Inc. Class A Add +48.5% 0.14% +0.05
BLD Topbuild Corp. Add +71.1% 0.10% +0.04
WELL Welltower Inc. Add +2.0% 1.39% +0.04
TFC Truist Financial Corp. Add +0.7% 0.84% +0.04
MTD Mettler-Toledo International Add +12.7% 0.21% +0.04
VRTX Vertex Pharmaceuticals Inc. Add +0.9% 0.34% +0.04
PNC PNC Financial Services Group Add +10.2% 0.39% +0.04
MAR Marriott International Class A Add +7.1% 0.20% +0.04
SLB SLB Ltd. Add +86.9% 0.07% +0.04
TSEM Tower Semiconductor Ltd. New 0.04% +0.04
WCN Waste Connections Inc. Add +28.1% 0.18% +0.03
PAAS Pan American Silver Corp. New 0.03% +0.03

Notes & Other Activity Q3 2025 → Q4 2025

MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG Add +6.7% 13,880,658 $809.0M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Add +31.1% 14,613,757 $757.6M
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +0.1% 10,119,545 $698.9M
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF Add +0.4% 2,092,400 $164.8M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Add +122.5% 2,159,420 $163.1M
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A Reduce -42.0% 1,957,900 $80.3M
STRATEGY INC (MSTR 0 12/01/29) NOTE 12/0 · principal New 14,613,000 $12.0M
MNTSW Momentus Inc.-CW26 *W EXP 08/12/202 Sold out 2,225,000 $55Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 438$480.4BAVGO, MSFT, NVDA, GOOG, PM
Q1 2026 431$425.0BAVGO, MSFT, NVDA, GOOG, PM
Q4 2025 447$635.3BAVGO, MSFT, GOOG, AAPL, NVDA
Q3 2025 441$617.0BAVGO, MSFT, GOOG, NVDA, META
Q2 2025 435$577.8BAVGO, MSFT, META, GOOG, PM
Q1 2025 433$506.3BMSFT, AVGO, PM, GOOG, META
Q4 2024 448$531.2BAVGO, MSFT, GOOG, META, AAPL
Q3 2024 434$520.8BMSFT, AVGO, META, GOOG, AAPL
Q2 2024 435$485.6BMSFT, AVGO, GOOG, META, AAPL
Q1 2024 428$493.7BMSFT, AVGO, META, GOOG, GE