Capital International Sarl

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Capital International Sarl reported 284 stock positions worth $4.4 billion. Its top holding was Meta Platforms Class A (META) at 5.4% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Broadcom (AVGO, 3.8%). Compared with Q4 2024, it opened 18 new positions, sold out of 16, added to 182 and reduced 74. The biggest buy was Philip Morris International (PM, shares +12%) and the biggest sale Broadcom (AVGO, shares −7%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001065349
Portfolio Value
$4.4B (Q1 2025)
SEC Filing
0000732812-25-000013 ↗ filed May 12, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $3.0B Q1 2024 Q2 2024: $3.3B Q2 2024 Q3 2024: $3.9B Q3 2024 Q4 2024: $4.3B Q4 2024 Q1 2025: $4.4B $4.4B Q1 2025 Q2 2025: $5.2B Q2 2025 Q3 2025: $5.8B Q3 2025 Q4 2025: $6.2B Q4 2025 Q1 2026: $6.1B Q1 2026 Q2 2026: $7.1B Q2 2026

Holdings 284 stocks · $4.4B

META Meta Platforms Inc. Class A 5.38% 412,199 $237.6M Add +7.5%
MSFT Microsoft Corp. 4.96% 583,159 $218.9M Add +9.6%
AVGO Broadcom Inc. 3.84% 1,011,652 $169.4M Reduce -6.6%
TSLA Tesla Inc. 2.63% 448,006 $116.1M Add +2.2%
NVDA Nvidia Corp. 2.45% 997,834 $108.1M Reduce -1.8%
LLY Eli Lilly & Co. 2.32% 123,766 $102.2M Add +15.0%
NFLX Netflix Inc. 2.22% 105,288 $98.2M Add +0.8%
AMZN Amazon.com Inc. 2.08% 482,293 $91.8M Add +8.4%
VRTX Vertex Pharmaceuticals Inc. 2.05% 186,171 $90.3M Add +10.4%
JPM JPMorgan Chase & Co. 2.00% 360,714 $88.5M Add +9.1%
AAPL Apple Inc. 1.96% 390,024 $86.6M Add +33.5%
PM Philip Morris International 1.84% 511,052 $81.1M Add +11.7%
GOOG Alphabet Inc. Class C 1.67% 471,153 $73.6M Add +14.2%
V Visa Inc. Class A 1.43% 180,472 $63.2M Add +10.5%
SHOP Shopify Inc. Class A 1.30% 598,971 $57.2M Add +1.9%
COST Costco Wholesale Corp. 1.28% 59,906 $56.7M Reduce -0.7%
RCL Royal Caribbean Cruises Ltd. 1.28% 274,446 $56.4M Add +9.7%
MELI MercadoLibre Inc. 1.26% 28,485 $55.6M Add +4.2%
MA Mastercard Inc. Class A 1.23% 99,141 $54.3M Add +6.4%
GOOGL Alphabet Inc. Class A 1.13% 323,134 $50.0M Add +0.2%
BKNG Booking Holdings Inc. 1.11% 10,679 $49.2M Reduce -9.8%
TMO Thermo Fisher Scientific Inc. 1.09% 96,707 $48.1M Add +39.6%
CARR Carrier Global Corp. 1.09% 755,503 $47.9M Reduce -2.7%
ISRG Intuitive Surgical Inc. 1.08% 96,035 $47.6M Add +6.1%
CB Chubb Ltd. 1.03% 150,074 $45.3M Add +9.3%
REGN Regeneron Pharmaceuticals 1.01% 70,134 $44.5M Add +7.8%
SBUX Starbucks Corp. 0.96% 432,261 $42.4M Add +53.6%
GE General Electric filed as GE AEROSPACE 0.95% 208,986 $41.8M Add +20.2%
LIN Linde PLC 0.93% 88,218 $41.1M Add +21.0%
TCOM Trip.com Group Ltd.-ADR 0.92% 639,854 $40.7M Add +2.8%
ABT Abbott Laboratories 0.91% 302,971 $40.2M Add +11.2%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 0.86% 139,005 $37.8M Reduce -9.0%
DB Deutsche Bank AG-Registered 0.83% 1,550,559 $36.6M Add +13.9%
SNPS Synopsys Inc. 0.83% 85,016 $36.5M Add +33.4%
ASML ASML Holding NV-NY Reg SHS 0.81% 53,904 $35.7M Add +4.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.77% 98,382 $34.0M Reduce -2.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.76% 802,714 $33.5M Add +38.6%
ALNY Alnylam Pharmaceuticals Inc. 0.74% 121,160 $32.7M Add +5.2%
BSX Boston Scientific Corp. 0.73% 317,811 $32.1M Add +15.4%
TDG Transdigm Group Inc. 0.72% 22,860 $31.6M Add +17.7%
NOC Northrop Grumman Corp. 0.70% 60,653 $31.1M Add +38.0%
AON Aon PLC Class A 0.69% 75,771 $30.2M Add +11.2%
RYAAY Ryanair Holdings PLC-SP ADR 0.66% 690,225 $29.2M Add +31.9%
CRM Salesforce Inc. 0.66% 108,800 $29.2M Add +11.0%
NOW ServiceNow Inc. 0.65% 36,235 $28.8M Add +4.7%
SHW The Sherwin-Williams Co. 0.61% 76,548 $26.7M Add +10.9%
HLT Hilton Worldwide Holdings Inc. 0.60% 115,673 $26.3M Reduce -21.4%
IR Ingersoll-Rand Inc. 0.59% 323,047 $25.9M Add +26.1%
DHR Danaher Corp. 0.58% 125,149 $25.7M Reduce -23.6%
FLUT Flutter Entertainment PLC-Di 0.57% 113,065 $25.0M Add +5.5%
MSI Motorola Solutions Inc. 0.57% 57,115 $25.0M Reduce -3.4%
TSM Taiwan Semiconductor-SP ADR 0.56% 150,094 $24.9M Add +45.9%
EA Electronic Arts Inc. 0.55% 168,176 $24.3M Add +12.5%
CPRT Copart Inc. 0.53% 413,379 $23.4M Add +11.1%
C Citigroup Inc. 0.53% 326,356 $23.2M Add +19.7%
NKE Nike Inc. Class B 0.52% 359,146 $22.8M Add +40.9%
CME Cme Group Inc. 0.51% 85,080 $22.6M Add +3.7%
HEI Heico Corp. 0.51% 83,921 $22.4M Add +3.3%
AMGN Amgen Inc. 0.49% 69,952 $21.8M Add +540.2%
NET Cloudflare Inc. Class A 0.48% 188,861 $21.3M Add +0.7%
FCX Freeport-McMoran Inc. 0.48% 555,790 $21.0M Add +3.4%
SPGI S&P Global Inc. 0.48% 41,403 $21.0M Reduce -32.3%
QSR Restaurant Brands Intern 0.47% 312,196 $20.8M Add +27.6%
CAT Caterpillar Inc. 0.46% 61,480 $20.3M Reduce -47.5%
CTVA Corteva Inc. 0.45% 316,819 $19.9M Add +27.4%
UNH Unitedhealth Group Inc. 0.44% 37,264 $19.5M Add +27.9%
BX Blackstone Inc. 0.44% 139,593 $19.5M Reduce -16.8%
CVE Cenovus Energy Inc. 0.43% 1,378,645 $19.2M Add +12.6%
GEV GE Vernova Inc. 0.42% 60,610 $18.5M Add +7.8%
AMX America Movil Sab DE CV 0.40% 1,228,552 $17.5M Add +1.8%
HD Home Depot Inc. 0.39% 47,546 $17.4M Reduce -27.3%
HWM Howmet Aerospace Inc. 0.39% 133,474 $17.3M Reduce -4.8%
MNST Monster Beverage Corp. 0.37% 277,093 $16.2M Reduce -1.6%
MCD McDonald's Corp. 0.37% 51,791 $16.2M Add +19.3%
BA The Boeing Co. 0.36% 93,858 $16.0M Add +29.9%
MRSH Marsh & McLennan Cos 0.36% 64,242 $15.7M Add +6.4%
HON Honeywell International Inc. 0.34% 71,818 $15.2M Add +75.3%
GDDY GoDaddy Inc. Class A 0.34% 82,126 $14.8M Add +5.7%
MTD Mettler-Toledo International 0.33% 12,450 $14.7M Add +8.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.33% 343,928 $14.4M Reduce -4.7%
IBN Icici Bank Ltd.-Spon ADR 0.31% 440,463 $13.9M Reduce -30.3%
DAL Delta Air Lines Inc. 0.31% 316,653 $13.8M Add +42.1%
FDX FedEx Corp. 0.31% 55,760 $13.6M Reduce -10.2%
RBLX Roblox Corp. Class A 0.31% 231,288 $13.5M New
MDLZ Mondelez International Inc. Class A 0.31% 198,479 $13.5M Add +76.0%
YUM Yum! Brands Inc. 0.30% 85,025 $13.4M Reduce -28.7%
RACE Ferrari NV 0.30% 31,441 $13.3M Add +77.2%
TEAM Atlassian Corp. Class A 0.30% 62,478 $13.3M Reduce -3.9%
BLK BlackRock Inc. 0.29% 13,507 $12.8M Add +9.8%
MU Micron Technology Inc. 0.29% 146,463 $12.7M Add +89.8%
ZTS Zoetis Inc. 0.29% 76,673 $12.6M Reduce -23.9%
SRE Sempra 0.29% 176,494 $12.6M Add +0.1%
BN Brookfield Corp. 0.28% 237,374 $12.4M Add +35.1%
BAM Brookfield Asset Mgmt-A 0.27% 249,910 $12.1M Add +5.9%
PLTR Palantir Technologies Inc. Class A 0.26% 136,949 $11.6M Add +24.9%
ABBV Abbvie Inc. 0.26% 54,794 $11.5M Reduce -34.9%
TRP TC Energy Corp. 0.26% 241,388 $11.4M Reduce -23.0%
COP Conocophillips 0.25% 104,521 $11.0M Add +1.9%
BMY Bristol-Myers Squibb Co. 0.24% 174,047 $10.6M Add +12.9%
AMAT Applied Materials Inc. 0.24% 71,754 $10.4M Add +32.9%
DE Deere & Co. 0.24% 22,102 $10.4M Add +14.6%
PFE Pfizer Inc. 0.22% 386,008 $9.8M Add +8.3%
EFX Equifax Inc. 0.22% 39,379 $9.6M Add +10.9%
GS Goldman Sachs Group Inc. 0.22% 17,422 $9.5M Add +6.3%
ABNB Airbnb Inc. Class A 0.21% 78,674 $9.4M Reduce -32.9%
ACGL Arch Capital Group Ltd. 0.20% 93,749 $9.0M Add +33.1%
ULS Ul Solutions Inc. Class A 0.20% 153,680 $8.7M Add +5.8%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.19% 29,122 $8.4M Add +277.4%
WYNN WYNN Resorts Ltd. 0.19% 99,976 $8.3M New
CNQ Canadian Natural Resources 0.19% 269,431 $8.3M Reduce -39.6%
LHX L3HARRIS Technologies Inc. 0.18% 38,963 $8.2M Add +51.2%
DBD Diebold Nixdorf Inc. 0.18% 186,262 $8.1M Reduce -9.6%
CNI Canadian Natl Railway Co. 0.18% 82,804 $8.1M Add +5.4%
KEYS Keysight Technologies Inc. 0.18% 53,383 $8.0M Add +3.0%
CEG Constellation Energy 0.17% 38,279 $7.7M Add +54.5%
MAR Marriott International Class A 0.17% 32,014 $7.6M Add +2.8%
COO The Cooper Cos Inc. 0.17% 90,127 $7.6M Add +2221.7%
ITT Itt Inc. 0.16% 54,351 $7.0M Add +1.1%
ILMN Illumina Inc. 0.16% 87,952 $7.0M Add +28.1%
SPOT Spotify Technology SA 0.16% 12,622 $6.9M Add +228.4%
RTX RTX Corp. 0.15% 50,067 $6.6M Add +51.0%
DAY Dayforce Inc. 0.15% 112,895 $6.6M Add +13.7%
SAND Sandstorm Gold Ltd. 0.15% 867,413 $6.5M Add +146.3%
BG Bunge Global SA 0.15% 84,354 $6.4M Add +6.6%
CVX Chevron Corp. 0.14% 36,695 $6.1M Reduce -5.3%
CNP Centerpoint Energy Inc. 0.13% 161,879 $5.9M Add +23.6%
MS Morgan Stanley 0.13% 49,687 $5.8M Add +11.4%
ON On Semiconductor 0.13% 136,647 $5.6M Add +6.0%
WELL Welltower Inc. 0.12% 35,317 $5.4M Add +55.2%
CVS CVS Health Corp. 0.12% 79,542 $5.4M Add +68.7%
STZ Constellation Brands Inc. Class A 0.12% 28,281 $5.2M Add +72.1%
CHTR Charter Communications Inc. Class A 0.12% 13,782 $5.1M Reduce -20.6%
KDP Keurig Dr Pepper Inc. 0.11% 147,138 $5.0M Add +19.6%
CMCSA Comcast Corp. Class A 0.11% 133,818 $4.9M Reduce -9.9%
DUOL Duolingo 0.11% 15,365 $4.8M New
VALE Vale SA-SP ADR 0.10% 462,972 $4.6M Add +11.6%
ATO Atmos Energy Corp. 0.10% 29,803 $4.6M Add +87.3%
AME Ametek Inc. 0.10% 26,603 $4.6M Reduce -57.1%
FISV Fiserv Inc. 0.10% 20,376 $4.5M Add +47.5%
WPM Wheaton Precious Metals Corp. 0.10% 57,412 $4.5M Add +68.9%
HTHT H World Group Ltd.-ADR 0.10% 119,907 $4.4M Add +15.3%
UBER Uber Technologies Inc. 0.10% 59,576 $4.3M Reduce -61.3%
XPO Xpo Inc. 0.10% 39,330 $4.2M New
GILD Gilead Sciences Inc. 0.10% 37,587 $4.2M Reduce -57.0%
GRFS Grifols SA-ADR 0.09% 586,225 $4.2M Add +7.6%
ARM Arm Holdings PLC-ADR 0.09% 38,914 $4.2M New
TBBB BBB Foods Inc. Class A 0.09% 154,961 $4.1M Add +32.5%
ACN Accenture PLC Class A 0.09% 13,171 $4.1M Reduce -32.0%
LULU Lululemon Athletica Inc. 0.09% 14,398 $4.1M Reduce -32.9%
XOM Exxon Mobil Corp. 0.09% 33,951 $4.0M Add +188.9%
AES AES Corp. 0.09% 319,529 $4.0M Reduce -31.3%
ASND Ascendis Pharma A/S 0.09% 25,382 $4.0M Add +6.6%
SE Sea Ltd.-ADR 0.09% 30,218 $3.9M Add +32.4%
FTAI Ftai Aviation Ltd. 0.09% 35,493 $3.9M Add +1586.1%
PH Parker Hannifin Corp. 0.09% 6,431 $3.9M New
PAYX Paychex Inc. 0.09% 24,860 $3.8M Add +265.9%
EOG EOG Resources Inc. 0.09% 29,633 $3.8M Add +102.0%
KLAC KLA Corp. 0.09% 5,580 $3.8M Reduce -35.1%
DRI Darden Restaurants Inc. 0.08% 17,188 $3.6M Add +58.9%
CRSP Crispr Therapeutics AG 0.08% 102,942 $3.5M Reduce -44.9%
ARMK Aramark 0.08% 101,089 $3.5M Add +202.8%
URI United Rentals Inc. 0.08% 5,544 $3.5M Add +66.4%
EPAM Epam Systems Inc. 0.07% 19,309 $3.3M Add +6.0%
FNV Franco-Nevada Corp. 0.07% 20,565 $3.2M Add +67.7%
CPNG Coupang Inc. 0.07% 145,936 $3.2M Add +3.4%
HSY The Hershey Co. 0.07% 18,519 $3.2M Add +10.2%
MMYT Makemytrip Ltd. 0.07% 32,253 $3.2M Reduce -11.8%
MO Altria Group Inc. 0.07% 51,155 $3.1M Add +24.4%
MMM 3M Co. 0.07% 20,839 $3.1M New
DFS Discover Financial Services 0.07% 17,672 $3.0M Add +64.5%
TSCO Tractor Supply Company 0.07% 53,966 $3.0M Add +1.7%
TTWO Take-Two Interactive Softwre 0.07% 13,937 $2.9M Reduce -10.9%
NTES Netease Inc.-ADR 0.07% 28,057 $2.9M Add +2.3%
INTC Intel Corp. 0.06% 121,083 $2.7M Add +833.5%
EQIX Equinix Inc. 0.06% 3,319 $2.7M Reduce -71.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 10,880 $2.7M Add +156.8%
TMUS T-Mobile US Inc. 0.06% 9,855 $2.6M Reduce -40.4%
NCLH Norwegian Cruise Line Holdin 0.06% 133,155 $2.5M Add +23.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.06% 44,293 $2.5M Reduce -62.6%
APO Apollo Global Management Inc. 0.06% 18,011 $2.5M Add +50.8%
KKR KKR & Co. Inc. 0.06% 21,214 $2.5M Reduce -10.8%
GGB Gerdau SA -Spon ADR 0.05% 845,688 $2.4M No change
GLOB Globant SA 0.05% 20,396 $2.4M Add +29.4%
AWI Armstrong World Industries 0.05% 16,801 $2.4M Reduce -26.1%
APD Air Products & Chemicals Inc. 0.05% 7,992 $2.4M New
LII Lennox International Inc. 0.05% 4,197 $2.4M Add +380.2%
SRPT Sarepta Therapeutics Inc. 0.05% 36,598 $2.3M Add +3.8%
NVO Novo-Nordisk A/S-Spons ADR 0.05% 33,507 $2.3M Add +5.9%
OWL Blue Owl Capital Inc. 0.05% 115,298 $2.3M Add +91.2%
SOBO South Bow Corp. 0.05% 88,958 $2.3M Add +31.0%
PGR Progressive Corp. 0.05% 7,895 $2.2M Add +147.5%
ORCL Oracle Corp. 0.05% 15,921 $2.2M Add +107.1%
CSX CSX Corp. 0.05% 73,341 $2.2M Reduce -6.5%
PWR Quanta Services Inc. 0.05% 8,329 $2.1M Add +95.3%
RRX Regal Rexnord Corp. 0.05% 18,586 $2.1M Reduce -37.4%
T AT&T Inc. 0.05% 73,211 $2.1M Add +62.2%
KO The Coca-Cola Co. 0.05% 28,781 $2.1M Add +4.0%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.04% 59,829 $2.0M Add +70.2%
MOH Molina Healthcare Inc. 0.04% 5,861 $1.9M Add +57.3%
TFC Truist Financial Corp. 0.04% 46,828 $1.9M Add +377.3%
PCG P G & E Corp. 0.04% 110,680 $1.9M Add +65.0%
TXN Texas Instruments Inc. 0.04% 10,095 $1.8M Add +16.4%
UBS UBS Group AG-Reg 0.04% 59,554 $1.8M No change
BKR Baker Hughes Co. 0.04% 40,998 $1.8M Add +59.5%
UNP Union Pacific Corp. 0.04% 7,285 $1.7M Add +54.8%
AXP American Express Co. 0.04% 6,227 $1.7M Add +69.5%
CMS CMS Energy Corp. 0.04% 22,254 $1.7M Reduce -21.7%
BTI British American Tob-SP ADR 0.04% 40,194 $1.7M Add +191.5%
GIS General Mills Inc. 0.04% 27,567 $1.6M Reduce -13.0%
RGLD Royal Gold Inc. 0.04% 10,046 $1.6M Add +1.8%
EQT Eqt Corp. 0.04% 30,675 $1.6M Reduce -9.1%
PDD PDD Holdings Inc. 0.04% 13,728 $1.6M Add +190.8%
ETR Entergy Corp. 0.04% 18,642 $1.6M Reduce -21.5%
USFD US Foods Holding Corp. 0.04% 24,140 $1.6M New
B Barrick Gold Corp. 0.04% 80,670 $1.6M No change
HAL Halliburton Co. 0.04% 61,435 $1.6M Reduce -25.2%
AXON Axon Enterprise Inc. 0.04% 2,955 $1.6M Reduce -32.1%
PNC PNC Financial Services Group 0.03% 8,757 $1.5M Reduce -38.7%
VLTO Veralto Corp. 0.03% 15,638 $1.5M Reduce -2.5%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.03% 66,097 $1.5M Reduce -4.5%
TRU Transunion 0.03% 17,303 $1.4M Add +14.1%
SAIA Saia Inc. 0.03% 4,015 $1.4M Reduce -17.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 11,087 $1.4M Add +64.4%
BABA Alibaba Group Holding-SP ADR 0.03% 10,197 $1.3M New
NFE New Fortress Energy Inc. 0.03% 159,239 $1.3M No change
HDB HDFC Bank Ltd.-ADR 0.03% 19,684 $1.3M Reduce -12.7%
RVTY Revvity Inc. 0.03% 12,024 $1.3M No change
COF Capital One Financial Corp. 0.03% 6,723 $1.2M Add +38.0%
RSG Republic Services Inc. 0.03% 4,974 $1.2M Add +67.9%
CI The Cigna Group 0.03% 3,644 $1.2M Add +69.9%
EXR Extra Space Storage Inc. 0.03% 8,057 $1.2M Reduce -24.8%
ALB Albemarle Corp. 0.03% 16,556 $1.2M Add +61.5%
LEGN Legend Biotech Corp.-ADR 0.03% 35,093 $1.2M Reduce -35.4%
FE Firstenergy Corp. 0.03% 29,272 $1.2M Add +83.3%
KT KT Corp.-SP ADR 0.03% 65,788 $1.2M Add +115.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 11,311 $1.1M Add +61.8%
FITB Fifth Third Bancorp 0.02% 27,980 $1.1M Add +27.1%
HEI.A Heico Corp. Class A 0.02% 4,998 $1.1M Reduce -32.3%
G Genpact Ltd. 0.02% 20,551 $1.0M Add +15.4%
NSC Norfolk Southern Corp. 0.02% 4,334 $1.0M Add +37.6%
FANG Diamondback Energy Inc. 0.02% 6,097 $975K New
UAL United Airlines Holdings Inc. 0.02% 13,723 $948K Reduce -66.8%
DTE DTE Energy Company 0.02% 6,755 $934K Add +63.2%
PG The Procter & Gamble Co. 0.02% 5,465 $931K Add +57.2%
WFC Wells Fargo & Co. 0.02% 12,883 $925K Reduce -67.9%
EWBC East West Bancorp Inc. 0.02% 10,262 $921K Add +63.7%
AMT American Tower Corp. 0.02% 4,220 $918K Add +66.5%
BRO Brown & Brown Inc. 0.02% 7,330 $912K New
DG Dollar General Corp. 0.02% 10,108 $889K Reduce -23.6%
SPG Simon Property Group Inc. 0.02% 5,321 $884K New
ADI Analog Devices Inc. 0.02% 4,248 $857K Reduce -65.2%
ELV Elevance Health Inc. 0.02% 1,875 $816K Add +82.2%
ADBE Adobe Inc. 0.02% 2,049 $786K Add +72.2%
ZTO Zto Express Cayman Inc.-ADR 0.02% 39,244 $779K No change
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.02% 8,372 $777K Add +3.1%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.02% 4,163 $760K No change
BZ Kanzhun Ltd. - ADR 0.02% 38,876 $745K New
DHI D.R. Horton Inc. 0.02% 5,649 $718K Add +75.0%
CHD Church & Dwight Co. Inc. 0.01% 5,905 $650K Add +66.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.01% 56,422 $578K Add +61.2%
UPS United Parcel Service Class B 0.01% 5,252 $578K Add +57.4%
TEL Te Connectivity PLC 0.01% 3,939 $557K Add +14.1%
MRK Merck & Co. Inc. 0.01% 6,196 $556K Reduce -42.0%
LUV Southwest Airlines Co. 0.01% 15,857 $532K Reduce -68.9%
JCI Johnson Controls Internation 0.01% 6,572 $526K Add +64.5%
ATI Ati Inc. 0.01% 10,087 $525K Add +85.6%
DLTR Dollar Tree Inc. 0.01% 6,746 $506K Add +66.4%
BORR Borr Drilling Ltd. 0.01% 222,554 $487K Reduce -39.4%
TGT Target Corp. 0.01% 4,610 $481K Reduce -73.8%
ARE Alexandria Real Estate Equit 0.01% 4,877 $451K Add +57.5%
JNJ Johnson & Johnson 0.01% 2,675 $444K Reduce -76.7%
MTN Vail Resorts Inc. 0.01% 2,667 $427K Add +66.1%
TW Tradeweb Markets Inc. Class A 0.01% 2,863 $425K No change
TFII Tfi International Inc. 0.01% 5,188 $402K Reduce -24.4%
GRAB Grab Holdings Ltd. Class A 0.01% 76,545 $347K No change
DOW Dow Inc. 0.01% 9,869 $345K Add +63.3%
MDT Medtronic PLC 0.01% 3,560 $320K New
WCN Waste Connections Inc. 0.01% 1,638 $320K Reduce -82.0%
CCI Crown Castle Inc. 0.01% 3,041 $317K New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.01% 4,795 $316K Reduce -33.7%
MOD Modine Manufacturing Co. 0.01% 3,436 $264K No change
PCAR Paccar Inc. 0.01% 2,521 $245K New
ETN Eaton Corp. PLC 0.01% 861 $234K Reduce -95.9%
QGEN Qiagen N.V. 0.00% 5,131 $203K New
Other holdings (4): bonds, preferreds, convertibles and warrants · $3.0M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 28,257$1.7MAdd +119.2%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 10,936$550KNew
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 13,279$473KAdd +58.5%
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 6,800$304KNew

Total filed on the 13F, all lines: $4.4B.

Portfolio Sells Q4 2024 → Q1 2025

AVGO Broadcom Inc. Reduce -6.6% 3.84% −1.96
NVDA Nvidia Corp. Reduce -1.8% 2.45% −0.70
CAT Caterpillar Inc. Reduce -47.5% 0.46% −0.52
ANET Arista Networks Inc. Sold out 0.00% −0.36
DHR Danaher Corp. Reduce -23.6% 0.58% −0.29
HLT Hilton Worldwide Holdings Inc. Reduce -21.4% 0.60% −0.24
BKNG Booking Holdings Inc. Reduce -9.8% 1.11% −0.24
SPGI S&P Global Inc. Reduce -32.3% 0.48% −0.23
BX Blackstone Inc. Reduce -16.8% 0.44% −0.23
EQIX Equinix Inc. Reduce -71.8% 0.06% −0.19
HD Home Depot Inc. Reduce -27.3% 0.39% −0.19
ETN Eaton Corp. PLC Reduce -95.9% 0.01% −0.15
AME Ametek Inc. Reduce -57.1% 0.10% −0.15
ABNB Airbnb Inc. Class A Reduce -32.9% 0.21% −0.14
CARR Carrier Global Corp. Reduce -2.7% 1.09% −0.14
CNQ Canadian Natural Resources Reduce -39.6% 0.19% −0.13
IBN Icici Bank Ltd.-Spon ADR Reduce -30.3% 0.31% −0.12
WMG Warner Music Group Corp. Class A Sold out 0.00% −0.12
CM Can Imperial BK of Commerce Reduce -62.6% 0.06% −0.12
UBER Uber Technologies Inc. Reduce -61.3% 0.10% −0.12
DELL Dell Technologies -C Sold out 0.00% −0.11
LULU Lululemon Athletica Inc. Reduce -32.9% 0.09% −0.10
FDX FedEx Corp. Reduce -10.2% 0.31% −0.10
ZTS Zoetis Inc. Reduce -23.9% 0.29% −0.09
GILD Gilead Sciences Inc. Reduce -57.0% 0.10% −0.09
CRSP Crispr Therapeutics AG Reduce -44.9% 0.08% −0.09
ABBV Abbvie Inc. Reduce -34.9% 0.26% −0.09
TRP TC Energy Corp. Reduce -23.0% 0.26% −0.08
UAL United Airlines Holdings Inc. Reduce -66.8% 0.02% −0.07
WDAY Workday Inc. Class A Sold out 0.00% −0.07
YUM Yum! Brands Inc. Reduce -28.7% 0.30% −0.07
BIRK Birkenstock Holding PLC Sold out 0.00% −0.07
TEAM Atlassian Corp. Class A Reduce -3.9% 0.30% −0.06
MSI Motorola Solutions Inc. Reduce -3.4% 0.57% −0.06
ACN Accenture PLC Class A Reduce -32.0% 0.09% −0.06
RRX Regal Rexnord Corp. Reduce -37.4% 0.05% −0.06
EIX Edison International Sold out 0.00% −0.06
STT State Street Corp. Sold out 0.00% −0.05
AES AES Corp. Reduce -31.3% 0.09% −0.05
MSCI MSCI Inc. Sold out 0.00% −0.05
WFC Wells Fargo & Co. Reduce -67.9% 0.02% −0.04
TGT Target Corp. Reduce -73.8% 0.01% −0.04
ADI Analog Devices Inc. Reduce -65.2% 0.02% −0.04
KLAC KLA Corp. Reduce -35.1% 0.09% −0.04
TOST Toast Inc. Class A Sold out 0.00% −0.04
CHDN Churchill Downs Inc. Sold out 0.00% −0.03
WCN Waste Connections Inc. Reduce -82.0% 0.01% −0.03
PNC PNC Financial Services Group Reduce -38.7% 0.03% −0.03
JNJ Johnson & Johnson Reduce -76.7% 0.01% −0.03
LUV Southwest Airlines Co. Reduce -68.9% 0.01% −0.03

Portfolio Buys Q4 2024 → Q1 2025

PM Philip Morris International Add +11.7% 1.84% +0.57
VRTX Vertex Pharmaceuticals Inc. Add +10.4% 2.05% +0.48
AMGN Amgen Inc. Add +540.2% 0.49% +0.43
LLY Eli Lilly & Co. Add +15.0% 2.32% +0.40
SBUX Starbucks Corp. Add +53.6% 0.96% +0.37
RBLX Roblox Corp. Class A New 0.31% +0.31
DB Deutsche Bank AG-Registered Add +13.9% 0.83% +0.29
GE General Electric Add +20.2% 0.95% +0.28
AAPL Apple Inc. Add +33.5% 1.96% +0.27
TMO Thermo Fisher Scientific Inc. Add +39.6% 1.09% +0.26
V Visa Inc. Class A Add +10.5% 1.43% +0.24
NOC Northrop Grumman Corp. Add +38.0% 0.70% +0.23
LIN Linde PLC Add +21.0% 0.93% +0.23
META Meta Platforms Inc. Class A Add +7.5% 5.38% +0.20
ABT Abbott Laboratories Add +11.2% 0.91% +0.20
WYNN WYNN Resorts Ltd. New 0.19% +0.19
MELI MercadoLibre Inc. Add +4.2% 1.26% +0.19
JPM JPMorgan Chase & Co. Add +9.1% 2.00% +0.17
BAC Bank of America Corp. Add +38.6% 0.76% +0.17
COO The Cooper Cos Inc. Add +2221.7% 0.17% +0.16
BSX Boston Scientific Corp. Add +15.4% 0.73% +0.16
CB Chubb Ltd. Add +9.3% 1.03% +0.15
MDLZ Mondelez International Inc. Class A Add +76.0% 0.31% +0.15
TDG Transdigm Group Inc. Add +17.7% 0.72% +0.15
MSTR Strategy Inc. Add +277.4% 0.19% +0.14
MU Micron Technology Inc. Add +89.8% 0.29% +0.14
RYAAY Ryanair Holdings PLC-SP ADR Add +31.9% 0.66% +0.14
HON Honeywell International Inc. Add +75.3% 0.34% +0.13
RACE Ferrari NV Add +77.2% 0.30% +0.13
CTVA Corteva Inc. Add +27.4% 0.45% +0.12
AON Aon PLC Class A Add +11.2% 0.69% +0.12
SPOT Spotify Technology SA Add +228.4% 0.16% +0.12
ALNY Alnylam Pharmaceuticals Inc. Add +5.2% 0.74% +0.12
SNPS Synopsys Inc. Add +33.4% 0.83% +0.11
DUOL Duolingo New 0.11% +0.11
QSR Restaurant Brands Intern Add +27.6% 0.47% +0.10
SAND Sandstorm Gold Ltd. Add +146.3% 0.15% +0.10
UNH Unitedhealth Group Inc. Add +27.9% 0.44% +0.10
MA Mastercard Inc. Class A Add +6.4% 1.23% +0.10
XPO Xpo Inc. New 0.10% +0.10
TSM Taiwan Semiconductor-SP ADR Add +45.9% 0.56% +0.10
ARM Arm Holdings PLC-ADR New 0.09% +0.09
PH Parker Hannifin Corp. New 0.09% +0.09
FTAI Ftai Aviation Ltd. Add +1586.1% 0.09% +0.08
C Citigroup Inc. Add +19.7% 0.53% +0.08
MCD McDonald's Corp. Add +19.3% 0.37% +0.08
NFLX Netflix Inc. Add +0.8% 2.22% +0.08
CVS CVS Health Corp. Add +68.7% 0.12% +0.07
CME Cme Group Inc. Add +3.7% 0.51% +0.07
NKE Nike Inc. Class B Add +40.9% 0.52% +0.07

Notes & Other Activity Q4 2024 → Q1 2025

BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +119.2% 28,257 $1.7M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG New 10,936 $550K
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +58.5% 13,279 $473K
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A New 6,800 $304K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 282$7.1BAVGO, NVDA, META, TSLA, MSFT
Q1 2026 285$6.1BMETA, AVGO, NVDA, MSFT, TSLA
Q4 2025 296$6.2BAVGO, MSFT, META, TSLA, NVDA
Q3 2025 276$5.8BMSFT, META, AVGO, TSLA, NVDA
Q2 2025 283$5.2BMETA, MSFT, AVGO, TSLA, NFLX
Q1 2025 284$4.4BMETA, MSFT, AVGO, TSLA, NVDA
Q4 2024 282$4.3BAVGO, META, MSFT, TSLA, NVDA
Q3 2024 274$3.9BMSFT, META, AVGO, TSLA, NVDA
Q2 2024 267$3.3BMSFT, AVGO, META, NVDA, LLY
Q1 2024 247$3.0BMSFT, META, AVGO, LLY, NVDA