Capital International Sarl

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Capital International Sarl reported 296 stock positions worth $6.2 billion. Its top holding was Broadcom (AVGO) at 5.7% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Meta Platforms Class A (META, 5.6%). Compared with Q3 2025, it opened 32 new positions, sold out of 12, added to 131 and reduced 90. The biggest buy was a new position in Totalenergies (TTE) and the biggest sale Netflix (NFLX, shares −24%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001065349
Portfolio Value
$6.2B (Q4 2025)
SEC Filing
0001065349-26-000002 ↗ filed Feb 11, 2026

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 Q1 2025 Q2 2025: $5.2B Q2 2025 Q3 2025: $5.8B Q3 2025 Q4 2025: $6.2B $6.2B Q4 2025 Q1 2026: $6.1B Q1 2026 Q2 2026: $7.1B Q2 2026

Holdings 296 stocks · $6.2B

AVGO Broadcom Inc. 5.71% 1,026,905 $355.4M Reduce -0.3%
MSFT Microsoft Corp. 5.59% 719,808 $348.1M Add +6.4%
META Meta Platforms Inc. Class A 5.59% 527,270 $348.0M Add +11.6%
TSLA Tesla Inc. 3.80% 526,460 $236.8M Add +1.1%
NVDA Nvidia Corp. 3.80% 1,268,504 $236.6M Add +34.9%
LLY Eli Lilly & Co. 2.54% 147,081 $158.1M Add +14.6%
GOOG Alphabet Inc. Class C 2.45% 485,337 $152.3M Add +3.0%
AMZN Amazon.com Inc. 2.11% 568,943 $131.3M Add +32.3%
GOOGL Alphabet Inc. Class A 1.88% 373,142 $116.8M Reduce -16.2%
SHOP Shopify Inc. Class A 1.80% 695,042 $111.9M Add +9.2%
PM Philip Morris International 1.70% 660,238 $105.9M Add +8.0%
RCL Royal Caribbean Cruises Ltd. 1.63% 363,713 $101.4M Add +19.3%
GE General Electric filed as GE AEROSPACE 1.46% 294,709 $90.8M Add +10.0%
AAPL Apple Inc. 1.44% 330,203 $89.8M Add +50.1%
VRTX Vertex Pharmaceuticals Inc. 1.41% 193,438 $87.7M Reduce -14.3%
V Visa Inc. Class A 1.38% 244,234 $85.7M Add +19.8%
NFLX Netflix Inc. 1.23% 818,159 $76.7M Reduce -24.4%
TTE Totalenergies SE 1.18% 1,122,566 $73.3M New
JPM JPMorgan Chase & Co. 1.12% 215,753 $69.5M Reduce -41.7%
CRM Salesforce Inc. 1.08% 254,184 $67.3M Add +39.7%
MELI MercadoLibre Inc. 1.05% 32,416 $65.3M Add +22.8%
MU Micron Technology Inc. 1.05% 228,225 $65.1M Add +8.9%
ISRG Intuitive Surgical Inc. 1.04% 114,521 $64.9M Add +6.1%
MA Mastercard Inc. Class A 1.01% 110,616 $63.1M Add +14.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.00% 1,128,529 $62.1M Add +52.8%
TMO Thermo Fisher Scientific Inc. 0.99% 106,535 $61.7M Add +7.4%
DB Deutsche Bank AG-Registered 0.97% 1,559,237 $60.6M Reduce -0.3%
ASML ASML Holding NV-NY Reg SHS 0.91% 52,970 $56.7M Reduce -10.8%
COST Costco Wholesale Corp. 0.90% 64,735 $55.8M Add +0.6%
CB Chubb Ltd. 0.83% 165,487 $51.7M Reduce -0.4%
NOC Northrop Grumman Corp. 0.82% 89,961 $51.3M Add +34.0%
RYAAY Ryanair Holdings PLC-SP ADR 0.82% 705,096 $50.9M Add +3.6%
TDG Transdigm Group Inc. 0.79% 36,905 $49.1M Add +6.3%
NET Cloudflare Inc. Class A 0.78% 246,205 $48.5M Add +0.2%
TSM Taiwan Semiconductor-SP ADR 0.76% 156,291 $47.5M Add +1.3%
ALNY Alnylam Pharmaceuticals Inc. 0.76% 119,352 $47.5M Reduce -8.0%
C Citigroup Inc. 0.75% 401,047 $46.8M Add +5.8%
SBUX Starbucks Corp. 0.75% 554,468 $46.7M Add +15.5%
TCOM Trip.com Group Ltd.-ADR 0.75% 645,243 $46.4M Reduce -19.7%
ONC Beone Medicines Ltd.-ADR 0.74% 152,515 $46.3M Add +2.7%
ABT Abbott Laboratories 0.74% 368,795 $46.2M Add +19.7%
KLAC KLA Corp. 0.65% 33,473 $40.7M Reduce -23.5%
LIN Linde PLC 0.65% 95,362 $40.7M Add +4.4%
SNPS Synopsys Inc. 0.65% 86,420 $40.6M Reduce -9.2%
BSX Boston Scientific Corp. 0.64% 415,718 $39.6M Add +26.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.63% 151,289 $39.2M Add +46.3%
IR Ingersoll-Rand Inc. 0.58% 457,381 $36.2M Reduce -5.8%
DE Deere & Co. 0.56% 75,298 $35.1M Add +229.0%
NOW ServiceNow Inc. 0.56% 226,965 $34.8M Add +13.4%
SHW The Sherwin-Williams Co. 0.56% 107,034 $34.7M Add +21.4%
QSR Restaurant Brands Intern 0.52% 471,677 $32.2M Add +32.9%
BKNG Booking Holdings Inc. 0.50% 5,821 $31.2M Reduce -49.0%
RBLX Roblox Corp. Class A 0.48% 371,525 $30.1M Reduce -2.5%
FTAI Ftai Aviation Ltd. 0.48% 150,201 $29.6M Add +74.0%
FLUT Flutter Entertainment PLC-Di 0.46% 133,772 $28.8M Add +15.4%
AMGN Amgen Inc. 0.46% 87,886 $28.8M Reduce -29.8%
ECL Ecolab Inc. 0.45% 107,330 $28.2M New
WELL Welltower Inc. 0.45% 150,674 $28.0M Add +209.2%
CPRT Copart Inc. 0.44% 694,473 $27.2M Add +51.5%
SPGI S&P Global Inc. 0.43% 51,648 $27.0M Add +28.3%
MTD Mettler-Toledo International 0.42% 18,766 $26.2M Add +32.2%
HEI Heico Corp. 0.41% 79,432 $25.7M Reduce -8.6%
CARR Carrier Global Corp. 0.40% 472,328 $25.0M Reduce -44.0%
CVE Cenovus Energy Inc. 0.38% 1,395,055 $23.6M Reduce -1.7%
AON Aon PLC Class A 0.38% 66,641 $23.5M Reduce -21.4%
GEV GE Vernova Inc. 0.38% 35,886 $23.5M Reduce -31.5%
MDLZ Mondelez International Inc. Class A 0.36% 417,659 $22.5M Add +55.6%
AMX America Movil Sab DE CV 0.36% 1,086,490 $22.5M Reduce -18.4%
HD Home Depot Inc. 0.35% 63,580 $21.9M Add +23.5%
KKR KKR & Co. Inc. 0.35% 171,174 $21.8M Add +309.0%
BA The Boeing Co. 0.35% 99,468 $21.6M Reduce -2.8%
YUM Yum! Brands Inc. 0.33% 137,133 $20.7M Add +70.7%
RPRX Royalty Pharma PLC Class A 0.33% 534,896 $20.7M Add +45.1%
DHR Danaher Corp. 0.32% 86,363 $19.8M Reduce -2.7%
MCD McDonald's Corp. 0.32% 64,256 $19.6M Add +10.4%
AEM Agnico Eagle Mines Ltd. 0.31% 114,700 $19.5M Add +5.5%
NKE Nike Inc. Class B 0.30% 293,728 $18.7M Reduce -22.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.30% 62,000 $18.4M Add +15.2%
PFE Pfizer Inc. 0.29% 723,079 $18.0M Add +72.7%
REGN Regeneron Pharmaceuticals 0.29% 23,271 $18.0M Reduce -50.3%
GS Goldman Sachs Group Inc. 0.28% 20,124 $17.7M Add +4.5%
LHX L3HARRIS Technologies Inc. 0.28% 59,501 $17.5M Add +39.3%
ITT Itt Inc. 0.28% 99,256 $17.2M Add +47.1%
STZ Constellation Brands Inc. Class A 0.27% 123,850 $17.1M Add +968.5%
ALGN Align Technology Inc. 0.27% 106,343 $16.6M Add +33.2%
BG Bunge Global SA 0.27% 186,186 $16.6M Add +6.0%
MAR Marriott International Class A 0.27% 53,218 $16.5M Add +29.1%
CTVA Corteva Inc. 0.26% 240,574 $16.1M Reduce -36.2%
BN Brookfield Corp. 0.25% 340,830 $15.6M Reduce -11.7%
ULS Ul Solutions Inc. Class A 0.24% 193,260 $15.2M Add +18.1%
COO The Cooper Cos Inc. 0.24% 183,595 $15.0M Reduce -2.3%
ABBV Abbvie Inc. 0.24% 65,836 $15.0M Add +62.4%
APH Amphenol Corp. Class A 0.24% 110,595 $14.9M Add +34.1%
INTC Intel Corp. 0.24% 398,350 $14.7M Add +174.5%
WYNN WYNN Resorts Ltd. 0.23% 120,391 $14.5M Add +5.5%
SPOT Spotify Technology SA 0.23% 24,420 $14.2M Reduce -0.2%
KEYS Keysight Technologies Inc. 0.23% 69,745 $14.2M Add +14.9%
BAM Brookfield Asset Mgmt-A 0.22% 264,924 $13.9M Reduce -1.3%
ILMN Illumina Inc. 0.22% 105,069 $13.8M Reduce -13.0%
FCX Freeport-McMoran Inc. 0.22% 269,439 $13.7M Reduce -26.4%
SRE Sempra 0.22% 154,467 $13.6M Reduce -20.1%
RGLD Royal Gold Inc. 0.20% 57,091 $12.7M Add +237.4%
CNQ Canadian Natural Resources 0.20% 373,518 $12.7M Add +25.4%
DBD Diebold Nixdorf Inc. 0.20% 186,262 $12.6M No change
IBN Icici Bank Ltd.-Spon ADR 0.19% 403,334 $12.0M Reduce -17.9%
RTX RTX Corp. 0.19% 63,987 $11.7M Add +57.6%
COP Conocophillips 0.18% 122,353 $11.5M Add +4.3%
UNH Unitedhealth Group Inc. 0.18% 34,233 $11.3M Add +5.0%
EFX Equifax Inc. 0.18% 51,917 $11.3M Add +29.6%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.18% 104,565 $11.0M Reduce -20.6%
MRSH Marsh & McLennan Cos 0.17% 58,099 $10.8M Reduce -13.9%
ICE Intercontinental Exchange Inc. 0.17% 66,070 $10.7M Add +309.0%
RDDT Reddit Inc. Class A 0.17% 46,337 $10.7M New
MDB Mongodb Inc. 0.17% 25,073 $10.5M New
ACN Accenture PLC Class A 0.17% 38,425 $10.3M Add +100.3%
DAL Delta Air Lines Inc. 0.17% 148,113 $10.3M Add +5.2%
CNI Canadian Natl Railway Co. 0.16% 98,665 $9.8M Add +6.4%
MNST Monster Beverage Corp. 0.15% 125,457 $9.6M Reduce -21.5%
ICLR Icon PLC 0.15% 51,219 $9.3M Add +503.1%
CEG Constellation Energy 0.15% 26,380 $9.3M Reduce -20.7%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 17,626 $8.9M Add +8.4%
AXP American Express Co. 0.14% 23,642 $8.7M Add +217.1%
VALE Vale SA-SP ADR 0.14% 659,103 $8.6M Add +4.1%
WMT Walmart Inc. 0.14% 77,085 $8.6M New
KO The Coca-Cola Co. 0.14% 122,776 $8.6M Add +267.7%
EPAM Epam Systems Inc. 0.13% 38,996 $8.0M Add +79.6%
SLB SLB Ltd. filed as SLB LIMITED 0.13% 205,184 $7.9M Add +8.3%
AMAT Applied Materials Inc. 0.12% 29,160 $7.5M Add +64.4%
COF Capital One Financial Corp. 0.11% 29,177 $7.1M Add +15.7%
TTEK Tetra Tech Inc. 0.11% 207,233 $7.0M Add +10.8%
CME Cme Group Inc. 0.11% 24,873 $6.8M Reduce -58.6%
HPE Hewlett Packard Enterprise 0.11% 276,955 $6.7M New
WPM Wheaton Precious Metals Corp. 0.11% 56,419 $6.6M Reduce -1.6%
CRH CRH PLC 0.11% 52,713 $6.6M Add +5.6%
B Barrick Mining Corp. 0.10% 148,957 $6.5M Add +23.1%
UNP Union Pacific Corp. 0.10% 27,159 $6.3M Add +209.3%
XPO Xpo Inc. 0.10% 45,303 $6.2M Reduce -25.9%
CNP Centerpoint Energy Inc. 0.10% 157,906 $6.1M Reduce -2.2%
GRFS Grifols SA-ADR 0.10% 645,251 $6.0M No change
CVS CVS Health Corp. 0.10% 75,231 $6.0M Add +2.6%
TT Trane Technologies PLC 0.09% 14,907 $5.8M New
URI United Rentals Inc. 0.09% 7,078 $5.7M Reduce -23.6%
CMG Chipotle Mexican Grill Inc. 0.09% 153,873 $5.7M Add +10.5%
HLT Hilton Worldwide Holdings Inc. 0.09% 19,699 $5.7M Reduce -69.9%
BMY Bristol-Myers Squibb Co. 0.09% 102,452 $5.5M Reduce -13.8%
RACE Ferrari NV 0.09% 14,765 $5.5M Reduce -62.1%
CMCSA Comcast Corp. Class A 0.09% 179,668 $5.4M Add +36.4%
ASND Ascendis Pharma A/S 0.09% 24,943 $5.3M Reduce -19.2%
XOM Exxon Mobil Corp. 0.09% 43,931 $5.3M Add +5.7%
KDP Keurig Dr Pepper Inc. 0.08% 184,369 $5.2M Add +16.3%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.08% 56,614 $5.1M Add +11.1%
TEAM Atlassian Corp. Class A 0.08% 31,045 $5.0M Reduce -53.0%
CRSP Crispr Therapeutics AG 0.08% 94,769 $5.0M Reduce -4.9%
ARM Arm Holdings PLC-ADR 0.08% 45,440 $5.0M Add +7.2%
SE Sea Ltd.-ADR 0.07% 36,442 $4.6M Add +34.6%
GILD Gilead Sciences Inc. 0.07% 37,350 $4.6M Reduce -2.1%
TBBB BBB Foods Inc. Class A 0.07% 128,473 $4.3M No change
DUOL Duolingo 0.07% 24,108 $4.2M Add +1.6%
ARMK Aramark 0.07% 114,707 $4.2M Reduce -3.2%
BZ Kanzhun Ltd. - ADR 0.07% 205,512 $4.2M Add +4.9%
CAT Caterpillar Inc. 0.07% 7,213 $4.1M Add +83.2%
ATO Atmos Energy Corp. 0.06% 24,046 $4.0M Reduce -4.8%
SOBO South Bow Corp. 0.06% 145,403 $4.0M Reduce -0.5%
DHI D.R. Horton Inc. 0.06% 26,260 $3.8M Add +14.1%
TRP TC Energy Corp. 0.06% 67,048 $3.7M Reduce -57.2%
IP International Paper Co. 0.06% 92,304 $3.6M Add +79.2%
CPNG Coupang Inc. 0.06% 149,607 $3.5M Add +0.2%
MMYT Makemytrip Ltd. 0.06% 42,409 $3.5M Add +11.9%
ZBH Zimmer Biomet Holdings Inc. 0.06% 38,511 $3.5M Add +1.0%
GGB Gerdau SA -Spon ADR 0.06% 934,528 $3.4M Reduce -1.8%
PGR Progressive Corp. 0.05% 14,633 $3.3M No change
BTI British American Tob-SP ADR 0.05% 58,815 $3.3M Add +36.0%
CVX Chevron Corp. 0.05% 21,389 $3.3M Reduce -4.2%
BKR Baker Hughes Co. 0.05% 70,937 $3.2M Reduce -5.2%
PDD PDD Holdings Inc. 0.05% 27,738 $3.1M Add +7.5%
HSY The Hershey Co. 0.05% 16,702 $3.0M Reduce -2.3%
KT KT Corp.-SP ADR 0.05% 152,764 $2.9M Add +2.3%
PH Parker Hannifin Corp. 0.05% 3,293 $2.9M No change
YMM Full Truck Alliance -SPN ADR 0.05% 266,548 $2.9M Add +0.8%
BX Blackstone Inc. 0.05% 18,447 $2.8M Reduce -82.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 18,188 $2.8M Add +14.0%
EOG EOG Resources Inc. 0.04% 25,500 $2.7M Reduce -22.6%
FNV Franco-Nevada Corp. 0.04% 12,807 $2.7M Reduce -38.2%
LOAR Loar Holdings Inc. 0.04% 37,931 $2.6M New
AME Ametek Inc. 0.04% 12,419 $2.5M Reduce -21.9%
USFD US Foods Holding Corp. 0.04% 33,165 $2.5M Add +8.4%
APD Air Products & Chemicals Inc. 0.04% 10,086 $2.5M Add +17.3%
NCLH Norwegian Cruise Line Holdin 0.04% 110,181 $2.5M Reduce -3.4%
IT Gartner Inc. 0.04% 9,463 $2.4M Add +530.9%
ACGL Arch Capital Group Ltd. 0.04% 24,696 $2.4M Reduce -5.6%
APO Apollo Global Management Inc. 0.04% 16,211 $2.3M Reduce -18.1%
TMUS T-Mobile US Inc. 0.04% 11,446 $2.3M Reduce -1.8%
PAYX Paychex Inc. 0.04% 20,524 $2.3M Add +6.5%
HAL Halliburton Co. 0.04% 77,742 $2.2M Add +243.6%
LII Lennox International Inc. 0.03% 4,463 $2.2M Reduce -6.0%
PWR Quanta Services Inc. 0.03% 5,081 $2.1M Reduce -19.9%
UBS UBS Group AG-Reg 0.03% 42,498 $2.0M No change
SO The Southern Co. 0.03% 22,377 $2.0M Add +35.9%
BRO Brown & Brown Inc. 0.03% 24,270 $1.9M No change
OWL Blue Owl Capital Inc. 0.03% 125,001 $1.9M Add +5.3%
CSX CSX Corp. 0.03% 50,578 $1.8M Add +37.8%
PNC PNC Financial Services Group 0.03% 8,757 $1.8M No change
DRI Darden Restaurants Inc. 0.03% 9,913 $1.8M No change
EQT Eqt Corp. 0.03% 32,560 $1.7M Reduce -3.3%
AIG American International Group 0.03% 20,194 $1.7M New
ALB Albemarle Corp. 0.03% 12,099 $1.7M No change
UAL United Airlines Holdings Inc. 0.03% 14,914 $1.7M No change
HTHT H World Group Ltd.-ADR 0.03% 35,266 $1.7M New
NTES Netease Inc.-ADR 0.03% 12,031 $1.7M Reduce -1.0%
MSTR Strategy Inc. 0.03% 10,805 $1.6M Reduce -52.7%
WFC Wells Fargo & Co. 0.03% 16,968 $1.6M Add +32.7%
MDT Medtronic PLC 0.02% 16,028 $1.5M Add +259.0%
HDB HDFC Bank Ltd.-ADR 0.02% 41,648 $1.5M No change
GLOB Globant SA 0.02% 22,956 $1.5M No change
BABA Alibaba Group Holding-SP ADR 0.02% 10,197 $1.5M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.02% 88,855 $1.5M Add +6.0%
T AT&T Inc. 0.02% 58,670 $1.5M Add +52.0%
ORCL Oracle Corp. 0.02% 7,415 $1.4M Reduce -83.2%
FITB Fifth Third Bancorp 0.02% 30,491 $1.4M Add +9.0%
NSC Norfolk Southern Corp. 0.02% 4,803 $1.4M Add +6.8%
AWI Armstrong World Industries 0.02% 7,156 $1.4M Reduce -5.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 12,007 $1.4M No change
LVS Las Vegas Sands Corp. 0.02% 20,902 $1.4M New
FE Firstenergy Corp. 0.02% 30,151 $1.3M No change
DTE DTE Energy Company 0.02% 9,984 $1.3M Add +47.8%
MS Morgan Stanley 0.02% 7,243 $1.3M Reduce -87.0%
WMS Advanced Drainage Systems Inc. 0.02% 8,868 $1.3M Reduce -5.2%
FDX FedEx Corp. 0.02% 4,387 $1.3M Reduce -5.5%
GD General Dynamics Corp. 0.02% 3,656 $1.2M New
MOH Molina Healthcare Inc. 0.02% 7,005 $1.2M No change
EWBC East West Bancorp Inc. 0.02% 10,516 $1.2M No change
HON Honeywell International Inc. 0.02% 5,957 $1.2M Reduce -12.7%
HEI.A Heico Corp. Class A 0.02% 4,428 $1.1M Reduce -6.1%
SAIA Saia Inc. 0.02% 3,397 $1.1M Reduce -5.9%
VLTO Veralto Corp. 0.02% 11,080 $1.1M Add +18.4%
EXR Extra Space Storage Inc. 0.02% 8,304 $1.1M No change
UBER Uber Technologies Inc. 0.02% 12,836 $1.0M Reduce -47.4%
SPG Simon Property Group Inc. 0.02% 5,648 $1.0M No change
CHTR Charter Communications Inc. Class A 0.02% 4,979 $1.0M Reduce -62.6%
CI The Cigna Group 0.02% 3,765 $1.0M No change
GEHC GE Healthcare Technology 0.02% 12,359 $1.0M New
TXN Texas Instruments Inc. 0.02% 5,718 $992K Add +129.6%
G Genpact Ltd. 0.02% 21,073 $986K No change
ATI Ati Inc. 0.02% 8,537 $980K No change
WCN Waste Connections Inc. 0.02% 5,360 $940K Add +137.5%
WH Wyndham Hotels & Resorts Inc. 0.01% 12,355 $934K New
JNJ Johnson & Johnson 0.01% 4,413 $913K New
WSO Watsco Inc. 0.01% 2,709 $913K Add +60.3%
TSCO Tractor Supply Company 0.01% 17,734 $887K Reduce -6.9%
DLTR Dollar Tree Inc. 0.01% 6,963 $857K No change
FANG Diamondback Energy Inc. 0.01% 5,666 $852K New
NUE Nucor Corp. 0.01% 5,188 $846K No change
EXE Expand Energy Corp. 0.01% 7,654 $845K New
PG The Procter & Gamble Co. 0.01% 5,830 $835K No change
TFC Truist Financial Corp. 0.01% 16,657 $820K No change
MO Altria Group Inc. 0.01% 13,904 $802K Reduce -13.7%
FICO Fair Isaac Corp. 0.01% 466 $788K Add +5.7%
SWK Stanley Black & Decker Inc. 0.01% 10,406 $773K New
AMT American Tower Corp. 0.01% 4,384 $770K No change
AES AES Corp. 0.01% 53,668 $770K No change
BLD Topbuild Corp. 0.01% 1,814 $757K New
CHD Church & Dwight Co. Inc. 0.01% 8,953 $751K Add +51.6%
ADBE Adobe Inc. 0.01% 2,100 $735K No change
NEE Nextera Energy Inc. 0.01% 8,425 $676K New
PLD Prologis Inc. 0.01% 5,227 $667K New
LYB Lyondellbasell Indu Class A 0.01% 14,971 $648K Add +7.3%
D Dominion Energy Inc. 0.01% 10,841 $635K New
PCG P G & E Corp. 0.01% 36,889 $593K Reduce -41.9%
TEL Te Connectivity PLC 0.01% 2,521 $574K Reduce -36.0%
FISV Fiserv Inc. 0.01% 7,638 $513K Reduce -71.3%
ITW Illinois Tool Works 0.01% 1,964 $484K New
PYPL PayPal Holdings Inc. 0.01% 8,260 $482K New
KOF Coca-Cola Femsa Sab-SP ADR 0.01% 5,083 $481K No change
MTN Vail Resorts Inc. 0.01% 3,546 $471K Reduce -0.2%
PBR Petroleo Brasileiro-Spon ADR 0.01% 39,177 $464K No change
MDLN Medline Inc. Class A 0.01% 11,000 $462K New
TGT Target Corp. 0.01% 4,610 $451K No change
PEG Public Service Enterprise GP 0.01% 5,525 $444K New
NVO Novo-Nordisk A/S-Spons ADR 0.01% 8,563 $436K No change
JCI Johnson Controls Internation 0.01% 3,636 $435K Reduce -44.7%
BAP Credicorp Ltd. 0.01% 1,451 $416K New
GLW Corning Inc. 0.01% 4,466 $391K New
UPS United Parcel Service Class B 0.01% 3,660 $363K No change
ELV Elevance Health Inc. 0.01% 1,011 $354K No change
GIS General Mills Inc. 0.01% 7,468 $347K No change
ARE Alexandria Real Estate Equit 0.01% 6,592 $323K No change
FCNCA First Citizens Bcshs Class A 0.00% 126 $270K New
CCI Crown Castle Inc. 0.00% 3,041 $270K No change
TW Tradeweb Markets Inc. Class A 0.00% 2,398 $258K No change
HUM Humana Inc. 0.00% 952 $244K No change
BLK BlackRock Inc. 0.00% 220 $235K Reduce -83.8%
QGEN Qiagen N.V. 0.00% 5,131 $234K No change
FIS Fidelity National Info Serv 0.00% 3,500 $233K New
HAS Hasbro Inc. 0.00% 2,767 $227K New
PCAR Paccar Inc. 0.00% 1,999 $219K New
VRSK Verisk Analytics Inc. 0.00% 964 $216K No change
Other holdings (4): bonds, preferreds, convertibles and warrants · $5.1M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 49,097$3.4MAdd +34.5%
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 13,279$789KNo change
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 10,936$637KNo change
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 6,800$279KNo change

Total filed on the 13F, all lines: $6.2B.

Portfolio Sells Q3 2025 → Q4 2025

NFLX Netflix Inc. Reduce -24.4% 1.23% −1.01
JPM JPMorgan Chase & Co. Reduce -41.7% 1.12% −0.90
EA Electronic Arts Inc. Sold out 0.00% −0.59
BKNG Booking Holdings Inc. Reduce -49.0% 0.50% −0.56
CARR Carrier Global Corp. Reduce -44.0% 0.40% −0.47
RBLX Roblox Corp. Class A Reduce -2.5% 0.48% −0.43
MSI Motorola Solutions Inc. Sold out 0.00% −0.38
HWM Howmet Aerospace Inc. Sold out 0.00% −0.38
TCOM Trip.com Group Ltd.-ADR Reduce -19.7% 0.75% −0.30
BX Blackstone Inc. Reduce -82.7% 0.05% −0.27
ALNY Alnylam Pharmaceuticals Inc. Reduce -8.0% 0.76% −0.26
RACE Ferrari NV Reduce -62.1% 0.09% −0.24
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.23
HLT Hilton Worldwide Holdings Inc. Reduce -69.9% 0.09% −0.20
ORCL Oracle Corp. Reduce -83.2% 0.02% −0.19
SAND Sandstorm Gold Ltd. Sold out 0.00% −0.19
CTVA Corteva Inc. Reduce -36.2% 0.26% −0.18
GEV GE Vernova Inc. Reduce -31.5% 0.38% −0.18
CME Cme Group Inc. Reduce -58.6% 0.11% −0.17
REGN Regeneron Pharmaceuticals Reduce -50.3% 0.29% −0.17
KLAC KLA Corp. Reduce -23.5% 0.65% −0.16
AVGO Broadcom Inc. Reduce -0.3% 5.71% −0.16
SNPS Synopsys Inc. Reduce -9.2% 0.65% −0.16
NKE Nike Inc. Class B Reduce -22.3% 0.30% −0.15
AMGN Amgen Inc. Reduce -29.8% 0.46% −0.15
AON Aon PLC Class A Reduce -21.4% 0.38% −0.14
MS Morgan Stanley Reduce -87.0% 0.02% −0.13
ON On Semiconductor Sold out 0.00% −0.13
DAY Dayforce Inc. Sold out 0.00% −0.12
AMX America Movil Sab DE CV Reduce -18.4% 0.36% −0.12
VRTX Vertex Pharmaceuticals Inc. Reduce -14.3% 1.41% −0.12
IR Ingersoll-Rand Inc. Reduce -5.8% 0.58% −0.11
TEAM Atlassian Corp. Class A Reduce -53.0% 0.08% −0.10
MSTR Strategy Inc. Reduce -52.7% 0.03% −0.10
TRP TC Energy Corp. Reduce -57.2% 0.06% −0.09
ASML ASML Holding NV-NY Reg SHS Reduce -10.8% 0.91% −0.08
SRE Sempra Reduce -20.1% 0.22% −0.08
HEI Heico Corp. Reduce -8.6% 0.41% −0.07
SPOT Spotify Technology SA Reduce -0.2% 0.23% −0.07
IBN Icici Bank Ltd.-Spon ADR Reduce -17.9% 0.19% −0.06
MRSH Marsh & McLennan Cos Reduce -13.9% 0.17% −0.06
URI United Rentals Inc. Reduce -23.6% 0.09% −0.06
BN Brookfield Corp. Reduce -11.7% 0.25% −0.05
FISV Fiserv Inc. Reduce -71.3% 0.01% −0.05
CHTR Charter Communications Inc. Class A Reduce -62.6% 0.02% −0.05
TRU Transunion Sold out 0.00% −0.04
BAM Brookfield Asset Mgmt-A Reduce -1.3% 0.22% −0.04
CEG Constellation Energy Reduce -20.7% 0.15% −0.04
XPO Xpo Inc. Reduce -25.9% 0.10% −0.04
FNV Franco-Nevada Corp. Reduce -38.2% 0.04% −0.04

Portfolio Buys Q3 2025 → Q4 2025

TTE Totalenergies SE New 1.18% +1.18
LLY Eli Lilly & Co. Add +14.6% 2.54% +0.85
NVDA Nvidia Corp. Add +34.9% 3.80% +0.77
AMZN Amazon.com Inc. Add +32.3% 2.11% +0.48
AAPL Apple Inc. Add +50.1% 1.44% +0.47
GOOG Alphabet Inc. Class C Add +3.0% 2.45% +0.46
ECL Ecolab Inc. New 0.45% +0.45
MU Micron Technology Inc. Add +8.9% 1.05% +0.44
DE Deere & Co. Add +229.0% 0.56% +0.38
BAC Bank of America Corp. Add +52.8% 1.00% +0.34
CRM Salesforce Inc. Add +39.7% 1.08% +0.34
WELL Welltower Inc. Add +209.2% 0.45% +0.30
KKR KKR & Co. Inc. Add +309.0% 0.35% +0.26
STZ Constellation Brands Inc. Class A Add +968.5% 0.27% +0.25
FTAI Ftai Aviation Ltd. Add +74.0% 0.48% +0.23
ISRG Intuitive Surgical Inc. Add +6.1% 1.04% +0.21
V Visa Inc. Class A Add +19.8% 1.38% +0.17
RDDT Reddit Inc. Class A New 0.17% +0.17
MDB Mongodb Inc. New 0.17% +0.17
SHOP Shopify Inc. Class A Add +9.2% 1.80% +0.16
TMO Thermo Fisher Scientific Inc. Add +7.4% 0.99% +0.16
INTC Intel Corp. Add +174.5% 0.24% +0.15
RGLD Royal Gold Inc. Add +237.4% 0.20% +0.15
WMT Walmart Inc. New 0.14% +0.14
ICE Intercontinental Exchange Inc. Add +309.0% 0.17% +0.12
ICLR Icon PLC Add +503.1% 0.15% +0.12
QSR Restaurant Brands Intern Add +32.9% 0.52% +0.12
YUM Yum! Brands Inc. Add +70.7% 0.33% +0.12
MTD Mettler-Toledo International Add +32.2% 0.42% +0.12
NOC Northrop Grumman Corp. Add +34.0% 0.82% +0.12
RYAAY Ryanair Holdings PLC-SP ADR Add +3.6% 0.82% +0.11
RPRX Royalty Pharma PLC Class A Add +45.1% 0.33% +0.11
HPE Hewlett Packard Enterprise New 0.11% +0.11
PFE Pfizer Inc. Add +72.7% 0.29% +0.10
KO The Coca-Cola Co. Add +267.7% 0.14% +0.10
AXP American Express Co. Add +217.1% 0.14% +0.10
SPGI S&P Global Inc. Add +28.3% 0.43% +0.09
ALGN Align Technology Inc. Add +33.2% 0.27% +0.09
TT Trane Technologies PLC New 0.09% +0.09
C Citigroup Inc. Add +5.8% 0.75% +0.09
ACN Accenture PLC Class A Add +100.3% 0.17% +0.08
BSX Boston Scientific Corp. Add +26.6% 0.64% +0.08
CPRT Copart Inc. Add +51.5% 0.44% +0.08
MAR Marriott International Class A Add +29.1% 0.27% +0.08
ABBV Abbvie Inc. Add +62.4% 0.24% +0.08
AJG Arthur J Gallagher & Co. Add +46.3% 0.63% +0.08
EPAM Epam Systems Inc. Add +79.6% 0.13% +0.07
MDLZ Mondelez International Inc. Class A Add +55.6% 0.36% +0.07
RTX RTX Corp. Add +57.6% 0.19% +0.07
ITT Itt Inc. Add +47.1% 0.28% +0.07

Notes & Other Activity Q3 2025 → Q4 2025

BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +34.5% 49,097 $3.4M

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