Capital Research Global Investors

Name: Capital Research Global Investors 13F holdings, Q3 2025
Creator: Capital Research Global Investors
Published: 2025-11-13

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Capital Research Global Investors reported 428 stock positions worth $532.5 billion. Its top holding was Microsoft (MSFT) at 7.1% of the portfolio, followed by Nvidia (NVDA, 5.8%) and Broadcom (AVGO, 5.4%). Compared with Q2 2025, it opened 31 new positions, sold out of 26, added to 198 and reduced 161. The biggest buy was Nvidia (NVDA, shares +16%) and the biggest sale Meta Platforms Class A (META, shares −27%).

Most Recent 13F: Q2 2026
Location: Los Angeles, CA
CIK: 0001422848
Portfolio Value: $532.5B (Q3 2025)
SEC Filing: 0001422848-25-000223 ↗ filed Nov 13, 2025

Holdings Value

Holdings 428 stocks · $532.5B


MSFT Microsoft Corp.	7.07%	72,659,760	$37.6B	Add +1.2%
NVDA Nvidia Corp.	5.79%	165,377,852	$30.9B	Add +16.1%
AVGO Broadcom Inc.	5.43%	87,716,681	$28.9B	Reduce -4.2%
AMZN Amazon.com Inc.	3.89%	94,284,962	$20.7B	Add +11.3%
LLY Eli Lilly & Co.	3.60%	25,088,371	$19.1B	Add +20.9%
META Meta Platforms Inc. Class A	3.28%	23,749,769	$17.4B	Reduce -26.8%
RTX RTX Corp.	2.39%	76,197,762	$12.8B	Add +1.1%
GOOGL Alphabet Inc. Class A	2.32%	50,732,476	$12.3B	Add +15.7%
AAPL Apple Inc.	2.18%	45,575,256	$11.6B	Add +9.2%
UBER Uber Technologies Inc.	2.03%	110,553,355	$10.8B	Reduce -8.1%
GE General Electric filed as GE AEROSPACE	1.49%	26,354,708	$7.9B	Reduce -12.7%
JPM JPMorgan Chase & Co.	1.36%	23,014,353	$7.3B	Reduce -2.1%
SBUX Starbucks Corp.	1.36%	85,460,350	$7.2B	Add +11.4%
PM Philip Morris International	1.33%	43,546,533	$7.1B	Add +7.2%
GOOG Alphabet Inc. Class C	1.24%	27,189,906	$6.6B	Reduce -1.1%
ORCL Oracle Corp.	1.23%	23,310,827	$6.6B	Add +1.2%
VRTX Vertex Pharmaceuticals Inc.	1.22%	16,553,281	$6.5B	Add +2.8%
RCL Royal Caribbean Cruises Ltd.	1.17%	19,256,502	$6.2B	Reduce -25.6%
MA Mastercard Inc. Class A	1.11%	10,347,834	$5.9B	Add +6.5%
ABBV Abbvie Inc.	1.10%	25,230,830	$5.8B	Reduce -0.1%
NFLX Netflix Inc.	1.06%	4,706,442	$5.6B	Reduce -0.6%
ABT Abbott Laboratories	0.98%	38,768,839	$5.2B	Reduce -7.2%
HD Home Depot Inc.	0.87%	11,400,133	$4.6B	Add +0.3%
UNH Unitedhealth Group Inc.	0.85%	13,042,049	$4.5B	Add +126.9%
CARR Carrier Global Corp.	0.84%	75,366,127	$4.5B	Add +0.2%
BLK BlackRock Inc.	0.84%	3,826,918	$4.5B	Reduce -0.8%
LIN Linde PLC	0.83%	9,329,728	$4.4B	Add +0.9%
MELI MercadoLibre Inc.	0.80%	1,816,092	$4.2B	Add +3.4%
TSLA Tesla Inc.	0.75%	8,982,484	$4.0B	Reduce -2.6%
XOM Exxon Mobil Corp.	0.71%	33,620,927	$3.8B	Add +0.4%
CNQ Canadian Natural Resources	0.67%	111,264,193	$3.6B	Reduce -0.1%
D Dominion Energy Inc.	0.63%	54,850,042	$3.4B	Add +22.4%
BA The Boeing Co.	0.63%	15,446,780	$3.3B	Reduce -55.5%
GILD Gilead Sciences Inc.	0.63%	30,014,046	$3.3B	Reduce -3.5%
ALNY Alnylam Pharmaceuticals Inc.	0.62%	7,222,840	$3.3B	Add +0.4%
APD Air Products & Chemicals Inc.	0.60%	11,766,942	$3.2B	Add +2.4%
MS Morgan Stanley	0.57%	19,248,911	$3.1B	Reduce -0.7%
AMAT Applied Materials Inc.	0.57%	14,877,672	$3.0B	Add +225.4%
WFC Wells Fargo & Co.	0.56%	35,660,903	$3.0B	Add +18.6%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.56%	184,607,140	$3.0B	Reduce -5.3%
MDT Medtronic PLC	0.55%	30,692,989	$2.9B	Reduce -15.6%
TDG Transdigm Group Inc.	0.55%	2,207,837	$2.9B	Add +10.2%
URI United Rentals Inc.	0.53%	2,955,961	$2.8B	Reduce -12.7%
EOG EOG Resources Inc.	0.52%	24,926,659	$2.8B	Add +0.5%
PGR Progressive Corp.	0.52%	11,167,940	$2.8B	Add +26.1%
TXN Texas Instruments Inc.	0.50%	14,439,860	$2.7B	Reduce -8.8%
ANET Arista Networks Inc.	0.49%	17,738,184	$2.6B	Reduce -8.9%
IP International Paper Co.	0.47%	54,330,790	$2.5B	Add +7.5%
ADP Automatic Data Processing	0.44%	8,021,194	$2.4B	Add +1.5%
GD General Dynamics Corp.	0.44%	6,862,376	$2.3B	Reduce -1.1%
SYK Stryker Corp.	0.44%	6,274,304	$2.3B	Reduce -7.3%
TRP TC Energy Corp.	0.43%	41,977,582	$2.3B	Add +2.5%
AIG American International Group	0.42%	28,534,448	$2.2B	Add +79.6%
HAL Halliburton Co.	0.42%	91,030,451	$2.2B	Add +81.8%
CRM Salesforce Inc.	0.41%	9,241,798	$2.2B	Reduce -18.8%
NEE Nextera Energy Inc.	0.40%	28,249,815	$2.1B	Add +92.3%
UNP Union Pacific Corp.	0.39%	8,713,196	$2.1B	Add +95.0%
CAT Caterpillar Inc.	0.38%	4,295,367	$2.0B	Reduce -0.2%
MRSH Marsh & McLennan Cos	0.37%	9,861,067	$2.0B	Add +0.7%
APH Amphenol Corp. Class A	0.36%	15,523,085	$1.9B	Add +106.9%
MCD McDonald's Corp.	0.36%	6,247,866	$1.9B	Reduce -9.0%
GEHC GE Healthcare Technology	0.35%	24,972,556	$1.9B	Add +25.0%
PYPL PayPal Holdings Inc.	0.35%	27,953,803	$1.9B	Add +2.3%
VIK Viking Holdings Ltd.	0.35%	30,117,476	$1.9B	Reduce -6.6%
MDLZ Mondelez International Inc. Class A	0.35%	29,704,828	$1.9B	Reduce -6.5%
T AT&T Inc.	0.35%	65,607,835	$1.9B	Add +0.6%
FIS Fidelity National Info Serv	0.35%	27,957,354	$1.8B	Add +0.0%
LVS Las Vegas Sands Corp.	0.34%	34,041,456	$1.8B	Reduce -30.9%
XPO Xpo Inc.	0.34%	14,016,004	$1.8B	Reduce -0.1%
CVE Cenovus Energy Inc.	0.34%	106,582,971	$1.8B	Add +291.3%
COF Capital One Financial Corp.	0.34%	8,426,060	$1.8B	Add +3.7%
PLD Prologis Inc.	0.33%	15,383,027	$1.8B	Reduce -3.7%
DTE DTE Energy Company	0.32%	12,068,505	$1.7B	Reduce -14.6%
EXE Expand Energy Corp.	0.32%	15,959,335	$1.7B	Add +161.5%
AFRM Affirm Holdings Inc.	0.32%	23,041,703	$1.7B	Reduce -2.8%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.31%	51,353,272	$1.7B	Reduce -4.1%
CB Chubb Ltd.	0.31%	5,863,462	$1.7B	Reduce -12.0%
FCX Freeport-McMoran Inc.	0.31%	42,024,835	$1.6B	Reduce -31.3%
FLUT Flutter Entertainment PLC-Di	0.31%	6,406,445	$1.6B	Reduce -2.7%
MU Micron Technology Inc.	0.30%	9,657,000	$1.6B	Reduce -45.3%
IR Ingersoll-Rand Inc.	0.30%	19,254,676	$1.6B	Add +14.3%
TMO Thermo Fisher Scientific Inc.	0.29%	3,162,662	$1.5B	Reduce -41.8%
PG The Procter & Gamble Co.	0.28%	9,877,878	$1.5B	Add +12.2%
SYY Sysco Corp.	0.28%	18,360,707	$1.5B	Add +0.3%
CVNA Carvana Co.	0.28%	3,989,809	$1.5B	Add +0.5%
AXP American Express Co.	0.28%	4,452,660	$1.5B	Add +0.7%
STX Seagate Technology Holdings	0.27%	6,189,644	$1.5B	Reduce -15.1%
PNW Pinnacle West Capital	0.27%	15,853,302	$1.4B	Add +5.0%
SHOP Shopify Inc. Class A	0.27%	9,512,437	$1.4B	Reduce -3.5%
PODD Insulet Corp.	0.26%	4,549,069	$1.4B	Reduce -4.0%
ACN Accenture PLC Class A	0.26%	5,677,090	$1.4B	Reduce -32.4%
BLD Topbuild Corp.	0.26%	3,496,884	$1.4B	Add +1.8%
MSTR Strategy Inc.	0.25%	4,205,258	$1.4B	Add +33.6%
AMGN Amgen Inc.	0.25%	4,731,290	$1.3B	Add +2.7%
BKR Baker Hughes Co.	0.24%	25,903,241	$1.3B	Add +7.2%
SNPS Synopsys Inc.	0.23%	2,524,512	$1.2B	Add +226.6%
APO Apollo Global Management Inc.	0.23%	9,277,951	$1.2B	Add +3.1%
SHW The Sherwin-Williams Co.	0.22%	3,432,977	$1.2B	Add +0.3%
KO The Coca-Cola Co.	0.22%	17,864,662	$1.2B	Add +1.4%
SW Smurfit Westrock PLC	0.22%	27,531,119	$1.2B	Reduce -0.5%
ITW Illinois Tool Works	0.22%	4,493,555	$1.2B	Add +3.0%
BTI British American Tob-SP ADR	0.22%	22,068,891	$1.2B	Add +2.6%
V Visa Inc. Class A	0.20%	3,197,405	$1.1B	Add +73.4%
NVR NVR Inc.	0.20%	133,003	$1.1B	Add +8.0%
CMCSA Comcast Corp. Class A	0.20%	33,706,330	$1.1B	Add +46.1%
PCG P G & E Corp.	0.20%	68,930,804	$1.0B	Add +84.7%
SWK Stanley Black & Decker Inc.	0.18%	12,768,115	$949.0M	Add +0.9%
AMT American Tower Corp.	0.18%	4,924,771	$947.1M	Add +0.3%
CI The Cigna Group	0.17%	3,179,301	$916.4M	Add +140.2%
GLW Corning Inc.	0.17%	11,058,929	$907.2M	New
GFL GFL Environmental Inc.-Sub VT	0.17%	18,595,696	$881.1M	Reduce -2.6%
CVS CVS Health Corp.	0.16%	11,469,250	$864.7M	Add +24.4%
HON Honeywell International Inc.	0.16%	4,046,957	$851.9M	Add +1.4%
PEP Pepsico Inc.	0.16%	6,048,615	$849.5M	Reduce -10.5%
COR Cencora Inc.	0.16%	2,661,033	$831.7M	Add +0.6%
COST Costco Wholesale Corp.	0.15%	869,356	$804.7M	Reduce -3.2%
CNP Centerpoint Energy Inc.	0.15%	20,706,563	$803.4M	Reduce -2.9%
MO Altria Group Inc.	0.15%	12,131,644	$801.4M	Add +0.4%
DHI D.R. Horton Inc.	0.15%	4,633,933	$785.3M	Reduce -36.9%
DASH DoorDash Inc. Class A	0.15%	2,870,284	$780.7M	Reduce -20.6%
VZ Verizon Communications Inc.	0.14%	17,176,941	$754.9M	Reduce -7.8%
APP AppLovin Corp. Class A	0.14%	1,035,293	$743.9M	New
KKR KKR & Co. Inc.	0.14%	5,578,779	$725.0M	Reduce -25.6%
ISRG Intuitive Surgical Inc.	0.13%	1,552,672	$694.4M	Reduce -45.6%
PEG Public Service Enterprise GP	0.13%	8,132,936	$678.8M	Add +6.2%
NOW ServiceNow Inc.	0.13%	732,819	$674.4M	Reduce -23.8%
CEG Constellation Energy	0.13%	2,043,218	$672.4M	Reduce -14.9%
BRK.B Berkshire Hathaway Inc. Class B	0.12%	1,297,329	$652.2M	Add +21.1%
BSX Boston Scientific Corp.	0.12%	6,633,733	$647.6M	Add +0.4%
ENTG Entegris Inc.	0.12%	6,974,133	$644.8M	New
HLT Hilton Worldwide Holdings Inc.	0.12%	2,452,623	$636.3M	Reduce -4.7%
WH Wyndham Hotels & Resorts Inc.	0.12%	7,829,926	$625.6M	Reduce -9.7%
DUK Duke Energy Corp.	0.12%	5,033,225	$622.9M	Add +0.3%
PCAR Paccar Inc.	0.11%	5,971,153	$587.1M	Add +20.3%
U Unity Software Inc.	0.11%	14,044,619	$562.4M	Reduce -0.6%
JNJ Johnson & Johnson	0.10%	3,014,727	$559.0M	Reduce -11.0%
CVX Chevron Corp.	0.10%	3,586,241	$556.9M	Add +0.1%
PNC PNC Financial Services Group	0.10%	2,767,206	$556.0M	Add +2.0%
BX Blackstone Inc.	0.10%	3,203,634	$547.4M	Add +0.6%
FANG Diamondback Energy Inc.	0.10%	3,798,812	$543.6M	Add +38.0%
UDR Udr Inc.	0.10%	14,486,692	$539.8M	Reduce -9.8%
TSM Taiwan Semiconductor-SP ADR	0.10%	1,933,705	$539.7M	Add +3.2%
EQT Eqt Corp.	0.10%	9,894,837	$538.6M	New
ETR Entergy Corp.	0.10%	5,611,258	$522.9M	Add +0.2%
SPOT Spotify Technology SA	0.10%	733,797	$512.2M	New
LHX L3HARRIS Technologies Inc.	0.10%	1,657,085	$506.1M	Add +23.3%
STLD Steel Dynamics Inc.	0.09%	3,613,095	$503.8M	Add +0.2%
ALGM Allegro Microsystems Inc.	0.09%	16,824,722	$491.3M	Add +5.8%
WWD Woodward Inc.	0.09%	1,888,873	$477.3M	Reduce -13.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.09%	1,540,553	$477.2M	Reduce -0.3%
C Citigroup Inc.	0.09%	4,551,427	$462.0M	Add +0.0%
TD Toronto-Dominion Bank	0.09%	5,690,845	$455.0M	Add +0.5%
EQIX Equinix Inc.	0.09%	577,518	$452.3M	Add +1.9%
WM Waste Management Inc.	0.08%	2,024,824	$447.1M	Add +23.4%
IDXX Idexx Laboratories Inc.	0.08%	690,601	$441.2M	Add +0.8%
CSGP Costar Group Inc.	0.08%	4,993,854	$421.3M	Add +27.0%
CPRT Copart Inc.	0.08%	9,347,568	$420.3M	Reduce -13.9%
PANW Palo Alto Networks Inc.	0.08%	2,062,988	$420.1M	Reduce -38.6%
CTSH Cognizant Tech Solutions-A	0.08%	6,216,912	$417.0M	Add +3.0%
CZR Caesars Entertainment Inc.	0.08%	15,317,941	$414.0M	Reduce -23.3%
CAVA Cava Group Inc.	0.08%	6,634,866	$400.8M	Add +28.5%
WFRD Weatherford International PL	0.07%	5,673,603	$388.2M	Add +1.8%
ECL Ecolab Inc.	0.07%	1,415,887	$387.7M	Add +0.8%
FERG Ferguson Enterprises Inc.	0.07%	1,721,164	$386.5M	Add +24.0%
AUR Aurora Innovation Inc.	0.07%	71,298,585	$384.3M	Add +35.9%
RACE Ferrari NV	0.07%	794,123	$384.2M	Reduce -7.6%
NVT Nvent Electric PLC	0.07%	3,847,016	$379.5M	Reduce -6.7%
CMG Chipotle Mexican Grill Inc.	0.07%	9,647,801	$378.1M	Reduce -27.5%
FN Fabrinet	0.07%	1,008,468	$367.7M	Reduce -29.0%
CRWD CrowdStrike Holdings Inc. Class A	0.07%	721,369	$353.7M	Add +0.8%
LRCX Lam Research Corp.	0.07%	2,633,281	$352.6M	Add +0.5%
NEM Newmont Corp.	0.07%	4,147,847	$349.7M	Reduce -10.8%
ENSG The Ensign Group Inc.	0.07%	2,016,101	$348.3M	Add +7.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.06%	2,390,346	$345.5M	Add +0.3%
SE Sea Ltd.-ADR	0.06%	1,911,679	$341.7M	Reduce -27.3%
MNST Monster Beverage Corp.	0.06%	5,033,066	$338.8M	Add +71.4%
LSCC Lattice Semiconductor Corp.	0.06%	4,597,217	$337.1M	Add +66.4%
SMTC Semtech Corp.	0.06%	4,691,676	$335.2M	Add +13.9%
INTU Intuit Inc.	0.06%	482,316	$329.4M	Add +0.4%
CHTR Charter Communications Inc. Class A	0.06%	1,189,287	$327.2M	New
AMD Advanced Micro Devices	0.06%	1,989,503	$321.9M	Add +0.4%
CRDO Credo Technology Group Holdi	0.06%	2,209,239	$321.7M	Reduce -41.0%
ADBE Adobe Inc.	0.06%	899,146	$317.2M	Reduce -30.3%
BKNG Booking Holdings Inc.	0.06%	58,347	$315.0M	Add +0.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.06%	9,031,260	$310.4M	Add +0.3%
HSY The Hershey Co.	0.06%	1,605,628	$300.3M	Add +6.7%
GBCI Glacier Bancorp Inc.	0.06%	6,126,400	$298.2M	Reduce -2.0%
CME Cme Group Inc.	0.05%	1,054,627	$284.9M	Add +0.6%
XEL Xcel Energy Inc.	0.05%	3,496,842	$282.0M	Add +1.5%
SLM SLM Corp.	0.05%	10,160,825	$281.3M	Add +22.3%
ULS Ul Solutions Inc. Class A	0.05%	3,942,905	$279.4M	Add +20.6%
HWM Howmet Aerospace Inc.	0.05%	1,420,464	$278.7M	Add +0.8%
MASI Masimo Corp.	0.05%	1,854,128	$273.6M	Reduce -0.1%
DOW Dow Inc.	0.05%	11,721,113	$268.8M	Reduce -55.3%
EMN Eastman Chemical Co.	0.05%	4,204,804	$265.1M	Reduce -1.0%
LITE Lumentum Holdings Inc.	0.05%	1,622,546	$264.0M	Reduce -2.8%
ATI Ati Inc.	0.05%	3,224,970	$262.3M	No change
OTIS Otis Worldwide Corp.	0.05%	2,825,737	$258.4M	Add +0.6%
FITB Fifth Third Bancorp	0.05%	5,719,002	$254.8M	Add +5.5%
SF Stifel Financial Corp.	0.05%	2,211,993	$251.0M	Reduce -1.5%
QCOM Qualcomm Inc.	0.05%	1,463,800	$243.5M	Add +0.2%
ARM Arm Holdings PLC-ADR	0.05%	1,718,132	$243.1M	New
OMC Omnicom Group	0.04%	2,930,632	$238.9M	Add +0.4%
HAS Hasbro Inc.	0.04%	3,063,521	$232.4M	Reduce -39.1%
PLTR Palantir Technologies Inc. Class A	0.04%	1,271,352	$231.9M	Reduce -43.5%
INTC Intel Corp.	0.04%	6,897,918	$231.4M	Add +0.7%
MTRN Materion Corp.	0.04%	1,911,665	$230.9M	No change
APG Api Group Corp.	0.04%	6,500,638	$223.4M	Reduce -21.0%
HTHT H World Group Ltd.-ADR	0.04%	5,560,557	$217.5M	Reduce -30.8%
DLR Digital Realty Trust Inc.	0.04%	1,257,134	$217.3M	Add +0.3%
LYB Lyondellbasell Indu Class A	0.04%	4,389,442	$215.3M	Add +470.1%
ITUB Itau Unibanco H-Spon PRF ADR	0.04%	29,215,208	$214.4M	Add +1.1%
FCNCA First Citizens Bcshs Class A	0.04%	119,673	$214.1M	Reduce -81.0%
FAF First American Financial	0.04%	3,306,583	$212.4M	Add +194.5%
ZTS Zoetis Inc.	0.04%	1,422,646	$208.2M	Add +0.3%
SU Suncor Energy Inc.	0.04%	4,960,303	$207.6M	Add +0.7%
KLAC KLA Corp.	0.04%	191,470	$206.5M	Add +0.3%
IRTC Irhythm Holdings Inc.	0.04%	1,183,736	$203.6M	Reduce -21.4%
RHI Robert Half Inc.	0.04%	5,971,698	$202.9M	Add +0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.04%	3,845,010	$198.4M	Add +18.8%
HLI Houlihan Lokey Inc.	0.04%	956,441	$196.4M	Add +19.7%
TAK Takeda Pharmaceutic-SP ADR	0.04%	13,404,129	$196.2M	Add +0.8%
VSEC Vse Corp.	0.04%	1,176,436	$195.6M	Reduce -29.0%
WMT Walmart Inc.	0.04%	1,889,872	$194.8M	Add +0.3%
MRK Merck & Co. Inc.	0.04%	2,310,615	$193.9M	Reduce -33.3%
PAYX Paychex Inc.	0.04%	1,519,430	$192.6M	Reduce 0.0%
MTSI Macom Technology Solutions H	0.04%	1,532,860	$190.8M	Reduce -8.5%
CWST Casella Waste Systems Inc. Class A	0.04%	2,010,818	$190.8M	Add +39.3%
CE Celanese Corp.	0.04%	4,488,911	$188.9M	Reduce -2.1%
KMB Kimberly-Clark Corp.	0.03%	1,492,999	$185.6M	Add +0.2%
MOD Modine Manufacturing Co.	0.03%	1,298,607	$184.6M	New
GS Goldman Sachs Group Inc.	0.03%	226,124	$180.1M	Reduce -0.0%
IDYA Ideaya Biosciences Inc.	0.03%	6,552,691	$178.3M	No change
BRBR Bellring Brands Inc.	0.03%	4,740,349	$172.3M	New
IQV Iqvia Holdings Inc.	0.03%	901,348	$171.1M	Reduce -50.2%
LMT Lockheed Martin Corp.	0.03%	339,773	$169.6M	Add +0.2%
LNWO Light & Wonder Inc.	0.03%	1,986,835	$166.8M	Add +43.3%
JHG Janus Henderson Group PLC	0.03%	3,744,607	$166.7M	No change
FSLR First Solar Inc.	0.03%	755,532	$166.6M	Reduce -26.4%
AEP American Electric Power	0.03%	1,472,210	$165.6M	Add +0.6%
SSB Southstate Bank Corp.	0.03%	1,671,501	$165.3M	Reduce -1.6%
WPM Wheaton Precious Metals Corp.	0.03%	1,458,898	$163.2M	Add +158.1%
DXCM Dexcom Inc.	0.03%	2,367,676	$159.3M	Reduce -56.2%
THO Thor Industries Inc.	0.03%	1,533,410	$159.0M	Reduce -33.0%
DKNG Draftkings Inc. Class A	0.03%	4,243,201	$158.7M	Reduce -13.1%
TBBB BBB Foods Inc. Class A	0.03%	5,882,050	$158.6M	Add +2.6%
TLN Talen Energy Corp.	0.03%	371,434	$158.0M	Reduce -2.6%
HDB HDFC Bank Ltd.-ADR	0.03%	4,619,844	$157.8M	Add +0.1%
CBZ Cbiz Inc.	0.03%	2,921,326	$154.7M	Reduce -2.2%
SPGI S&P Global Inc.	0.03%	317,060	$154.3M	Add +0.4%
YUM Yum! Brands Inc.	0.03%	1,000,617	$152.1M	Add +0.1%
MGNI Magnite Inc.	0.03%	6,982,861	$152.1M	Reduce -46.0%
MOH Molina Healthcare Inc.	0.03%	792,786	$151.7M	Reduce -63.4%
HOMB Home Bancshares Inc.	0.03%	5,349,719	$151.4M	Reduce -3.0%
GIS General Mills Inc.	0.03%	2,985,454	$150.5M	Reduce -3.7%
ALC Alcon Inc. filed as ALCON AG	0.03%	2,015,585	$150.0M	Reduce -3.3%
CSX CSX Corp.	0.03%	4,214,472	$149.7M	Reduce -56.1%
ICFI Icf International Inc.	0.03%	1,607,461	$149.2M	Add +16.4%
EXC Exelon Corp.	0.03%	3,268,339	$147.1M	Add +0.9%
PEGA Pegasystems Inc.	0.03%	2,517,587	$144.8M	Reduce -36.6%
KNF Knife River Corp.	0.03%	1,862,778	$143.2M	Reduce -2.1%
FNV Franco-Nevada Corp.	0.03%	638,396	$142.2M	Add +0.8%
ADUS Addus Homecare Corp.	0.03%	1,201,560	$141.8M	Add +9.0%
DTM DT Midstream Inc.	0.03%	1,249,101	$141.2M	Add +0.1%
CHYM Chime Financial Inc. Class A	0.03%	6,878,057	$138.7M	Add +90.0%
MRVL Marvell Technology Inc.	0.03%	1,637,881	$137.7M	New
BMRN Biomarin Pharmaceutical Inc.	0.03%	2,537,596	$137.4M	Add +547.5%
SKY Champion Homes Inc.	0.03%	1,762,378	$134.6M	Add +1.1%
PAX Patria Investments Ltd. Class A	0.03%	9,210,843	$134.5M	Reduce -5.3%
QSR Restaurant Brands Intern	0.02%	2,038,745	$130.8M	Reduce -21.3%
PAR Par Technology Corp.	0.02%	3,237,004	$128.1M	Add +17.3%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN	0.02%	4,513,250	$127.3M	No change
CNX CNX Resources Corp.	0.02%	3,950,000	$126.9M	Add +38.6%
FIX Comfort Systems USA Inc.	0.02%	152,607	$125.9M	Reduce -13.1%
LW Lamb Weston Holdings Inc.	0.02%	2,150,000	$124.9M	Add +46.3%
STRL Sterling Infrastructure Inc.	0.02%	364,830	$123.9M	Add +104.2%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC	0.02%	1,686,968	$122.1M	No change
LINE Lineage Inc.	0.02%	3,152,949	$121.8M	Add +4.0%
MCHP Microchip Technology Inc.	0.02%	1,887,854	$121.2M	Reduce -87.9%
SPNT Siriuspoint Ltd.	0.02%	6,700,000	$121.2M	Add +17.5%
LAZ Lazard Inc.	0.02%	2,235,512	$118.0M	Reduce -5.5%
BIO Bio-Rad Laboratories-A	0.02%	418,355	$117.3M	New
DHR Danaher Corp.	0.02%	573,394	$113.7M	Add +0.5%
COP Conocophillips	0.02%	1,143,187	$108.1M	Add +0.4%
SLAB Silicon Laboratories Inc.	0.02%	811,937	$106.5M	Reduce -32.7%
PNFP Pinnacle Financial Partners	0.02%	1,131,294	$106.1M	No change
GOLF Acushnet Holdings Corp.	0.02%	1,350,000	$106.0M	No change
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP	0.02%	1,625,000	$103.4M	Reduce -20.7%
BKH Black Hills Corp.	0.02%	1,641,122	$101.1M	No change
BBIO Bridgebio Pharma Inc.	0.02%	1,933,126	$100.4M	Reduce -51.5%
BN Brookfield Corp.	0.02%	1,452,739	$99.7M	New
ROG Rogers Corp.	0.02%	1,221,660	$98.3M	New
GENI Genius Sports Ltd.	0.02%	7,869,105	$97.4M	Reduce -43.6%
NYT New York Times Co. Class A	0.02%	1,692,846	$97.2M	Add +0.3%
LOPE Grand Canyon Education Inc.	0.02%	436,021	$95.7M	Reduce -3.7%
PATK Patrick Industries Inc.	0.02%	914,516	$94.6M	No change
EMR Emerson Electric Co.	0.02%	700,037	$91.8M	Add +0.9%
KT KT Corp.-SP ADR	0.02%	4,674,380	$91.2M	Add +1.0%
SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD	0.02%	2,720,354	$91.1M	Add +14.0%
VIST Vista Energy Sab DE CV	0.02%	2,642,249	$90.9M	Reduce -0.8%
TECH Bio-Techne Corp.	0.02%	1,625,502	$90.4M	Add +61.6%
VALE Vale SA-SP ADR	0.02%	8,142,345	$88.4M	Add +0.5%
ALK Alaska Air Group Inc.	0.02%	1,700,000	$84.6M	No change
AIT Applied Industrial Tech Inc.	0.02%	323,793	$84.5M	Reduce -3.5%
LOW Lowe's Cos Inc.	0.02%	331,910	$83.4M	Add +0.7%
BOOT Boot Barn Holdings Inc.	0.02%	500,112	$82.9M	Reduce -3.5%
WOLF Wolfspeed Inc.	0.01%	2,777,120	$79.4M	New
NSIT Insight Enterprises Inc.	0.01%	699,550	$79.3M	Reduce -11.2%
STT State Street Corp.	0.01%	681,940	$79.1M	No change
SO The Southern Co.	0.01%	824,760	$78.2M	Add +0.0%
ESNT Essent Group Ltd.	0.01%	1,227,199	$78.0M	Add +0.3%
GSK GSK PLC-Spon ADR	0.01%	1,794,427	$77.4M	Add +1.0%
EHC Encompass Health Corp.	0.01%	602,521	$76.5M	Reduce -6.5%
FA First Advantage Corp.	0.01%	4,880,860	$75.1M	Reduce -3.3%
REVG Rev Group Inc.	0.01%	1,294,033	$73.3M	Reduce -46.2%
ELF Elf Beauty Inc.	0.01%	546,232	$72.4M	Add +11.7%
SRE Sempra	0.01%	800,000	$72.0M	Reduce 0.0%
KVYO Klaviyo Inc. Class A	0.01%	2,593,143	$71.8M	Reduce -4.6%
KYMR Kymera Therapeutics Inc.	0.01%	1,262,182	$71.4M	No change
ESTC Elastic NV	0.01%	833,950	$70.5M	Add +0.7%
DNLI Denali Therapeutics Inc.	0.01%	4,760,858	$69.1M	Add +0.2%
MARA Mara Holdings Inc.	0.01%	3,728,896	$68.1M	New
NTR Nutrien Ltd.	0.01%	1,143,265	$67.1M	Add +0.8%
STZ Constellation Brands Inc. Class A	0.01%	496,340	$66.8M	Reduce -17.0%
MATX Matson Inc.	0.01%	663,825	$65.4M	Reduce -10.2%
DE Deere & Co.	0.01%	141,493	$64.7M	Add +0.8%
FCFS Firstcash Holdings Inc.	0.01%	402,112	$63.7M	Add +78.3%
OSK Oshkosh Corp.	0.01%	489,134	$63.4M	New
FND Floor & Decor Holdings Inc. Class A	0.01%	850,023	$62.6M	Reduce -38.2%
EIX Edison International	0.01%	1,126,693	$62.3M	Reduce -74.0%
BRK.A Berkshire Hathaway Inc. Class A	0.01%	82	$61.8M	No change
WU Western Union Co.	0.01%	7,691,575	$61.5M	Add +0.1%
NCNO Ncino Inc.	0.01%	2,229,082	$60.4M	Reduce -21.1%
RYTM Rhythm Pharmaceuticals Inc.	0.01%	598,247	$60.4M	New
AZN Astrazeneca PLC-Spons ADR	0.01%	785,259	$60.2M	Add +1.1%
TTEK Tetra Tech Inc.	0.01%	1,787,103	$59.7M	No change
REGN Regeneron Pharmaceuticals	0.01%	105,749	$59.5M	Add +3.6%
CWH Camping World Holdings Inc. Class A	0.01%	3,715,646	$58.7M	Add +15.6%
OLLI Ollie's Bargain Outlet Holdi	0.01%	453,972	$58.3M	Reduce -35.5%
WCC Wesco International Inc.	0.01%	270,312	$57.2M	No change
SHEL Shell PLC-ADR	0.01%	773,610	$55.3M	Add +0.2%
WELL Welltower Inc.	0.01%	306,310	$54.6M	No change
UMH Umh Properties Inc. filed as UMH PPTYS INC	0.01%	3,671,303	$54.5M	Reduce -32.9%
STEP Stepstone Group Inc. Class A	0.01%	794,883	$51.9M	No change
CNMD Conmed Corp.	0.01%	1,032,733	$48.6M	Reduce -38.4%
FISV Fiserv Inc.	0.01%	372,056	$48.0M	Add +0.8%
MKSI MKS Inc.	0.01%	387,153	$47.9M	No change
NTSK Netskope Inc. Class A	0.01%	2,100,000	$47.7M	New
ADMA Adma Biologics Inc.	0.01%	3,253,913	$47.7M	New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.01%	753,785	$46.4M	No change
BWXT BWX Technologies Inc.	0.01%	250,845	$46.2M	No change
JOE The St Joe Co.	0.01%	930,218	$46.0M	Reduce -15.5%
EXR Extra Space Storage Inc.	0.01%	322,314	$45.4M	Reduce -24.3%
CLBT Cellebrite Di Ltd.	0.01%	2,425,736	$44.9M	Add +42.3%
ROOT Root Inc./Oh Class A	0.01%	496,598	$44.5M	No change
IBP Installed Building Products	0.01%	178,631	$44.1M	Reduce -10.4%
SII Sprott Inc.	0.01%	527,162	$43.8M	Reduce -25.8%
HUCK Huckleberry AI Inc. filed as DOMO INC	0.01%	2,750,000	$43.6M	New
LION Lionsgate Studios Corp.	0.01%	6,290,244	$43.4M	Reduce -39.6%
MOG.A Moog Inc. Class A	0.01%	204,349	$42.4M	No change
BYRN Byrna Technologies Inc.	0.01%	1,907,001	$42.3M	No change
FDX FedEx Corp.	0.01%	179,077	$42.2M	Add +1.2%
FIG Figma Inc. Class A	0.01%	806,640	$41.8M	New
EZPW Ezcorp Inc. Class A	0.01%	2,148,126	$40.9M	Add +27.7%
CVBF CVB Financial Corp.	0.01%	2,149,618	$40.6M	Reduce -8.9%
VIA Via Transportation Inc. Class A	0.01%	843,086	$40.5M	New
PJT PJT Partners Inc. Class A	0.01%	220,074	$39.1M	No change
VNOM Viper Energy Inc. Class A	0.01%	1,016,927	$38.9M	New
ELV Elevance Health Inc.	0.01%	119,686	$38.7M	Add +0.7%
CCJ Cameco Corp.	0.01%	438,751	$36.8M	Reduce -0.1%
TREX Trex Company Inc.	0.01%	705,297	$36.4M	No change
MGRC McGrath Rentcorp	0.01%	305,450	$35.8M	No change
CBT Cabot Corp.	0.01%	462,691	$35.2M	No change
CDRE Cadre Holdings Inc.	0.01%	930,318	$34.0M	Add +30.6%
ESTA Establishment Labs Holdings	0.01%	814,491	$33.4M	Reduce -20.5%
ADSK Autodesk Inc.	0.01%	103,014	$32.7M	Reduce -75.7%
TSN Tyson Foods Inc. Class A	0.01%	577,683	$31.4M	No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.01%	109,935	$31.0M	New
EWBC East West Bancorp Inc.	0.01%	290,263	$30.9M	Reduce -0.5%
PCVX Vaxcyte Inc.	0.01%	842,978	$30.4M	Reduce -82.3%
KDP Keurig Dr Pepper Inc.	0.01%	1,164,623	$29.7M	Reduce 0.0%
CFLT Confluent Inc. Class A	0.01%	1,475,965	$29.2M	Reduce -24.1%
STLA Stellantis NV	0.01%	3,139,748	$29.0M	Reduce -77.1%
ICLR Icon PLC	0.01%	164,563	$28.8M	Add +69.5%
ADI Analog Devices Inc.	0.01%	116,826	$28.7M	Add +0.8%
LPX Louisiana-Pacific Corp.	0.01%	313,497	$27.9M	No change
ELVN Enliven Therapeutics Inc.	0.01%	1,315,465	$26.9M	No change
VCEL Vericel Corp.	0.01%	853,668	$26.9M	No change
RY Royal Bank of Canada	0.00%	177,506	$26.2M	Add +1.7%
KVUE Kenvue Inc.	0.00%	1,578,221	$25.6M	Add +0.6%
SVV Savers Value Village Inc.	0.00%	1,926,550	$25.5M	New
MDB Mongodb Inc.	0.00%	80,010	$24.8M	Reduce -7.2%
FCN Fti Consulting Inc.	0.00%	147,614	$23.9M	New
UUUU Energy Fuels Inc.	0.00%	1,485,310	$22.8M	New
OWL Blue Owl Capital Inc.	0.00%	1,320,269	$22.4M	Add +0.9%
DNN Denison Mines Corp.	0.00%	8,024,816	$22.1M	Reduce -29.9%
STRZ Starz Entertainment Corp.	0.00%	1,488,612	$21.9M	No change
ASPI Asp Isotopes Inc.	0.00%	2,043,567	$19.7M	Reduce -28.8%
WHD Cactus Inc. Class A	0.00%	495,642	$19.6M	New
NXE Nexgen Energy Ltd.	0.00%	2,157,119	$19.3M	Reduce -31.8%
PBH Prestige Consumer Healthcare	0.00%	270,072	$16.9M	Reduce -8.7%
BHVN Biohaven Ltd.	0.00%	1,011,530	$15.2M	Add +108.9%
ASTS Ast Spacemobile Inc.	0.00%	307,215	$15.1M	New
TGT Target Corp.	0.00%	150,848	$13.5M	No change
CVCO Cavco Industries Inc.	0.00%	22,104	$12.8M	No change
FLY Firefly Aerospace Inc.	0.00%	282,338	$8.3M	New
KIM Kimco Realty Corp.	0.00%	303,941	$6.6M	No change
CPNG Coupang Inc.	0.00%	205,724	$6.6M	No change
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD	0.00%	35,499	$6.2M	No change
SAP Sap SE-Sponsored ADR	0.00%	23,213	$6.1M	Add +1.4%
ING ING Groep N.V.-Sponsored ADR	0.00%	212,558	$5.5M	Add +0.5%
ASML ASML Holding NV-NY Reg SHS	0.00%	5,314	$5.1M	Add +2.3%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC	0.00%	60,494	$5.0M	Add +1.6%
BBVA Banco Bilbao Vizcaya-SP ADR	0.00%	229,295	$4.4M	Reduce -35.0%
PAC Grupo Aeroportuario Pac-ADR	0.00%	17,864	$4.2M	Reduce -86.6%
BIL SS SPDR BB 1-3M T-Bill ETF	0.00%	44,215	$4.1M	Reduce -44.7%
KLAR Klarna Group PLC	0.00%	103,490	$3.8M	New
SPY SS SPDR S&P 500 ETF Trust-US	0.00%	4,150	$2.8M	Add +71.6%
NVO Novo-Nordisk A/S-Spons ADR	0.00%	49,226	$2.7M	Reduce -21.4%
JBS JBS NV-A	0.00%	145,352	$2.2M	Add +0.6%
VOYG Voyager Technologies Inc. Class A	0.00%	61,500	$1.8M	Reduce -88.9%
NOC Northrop Grumman Corp.	0.00%	1,486	$905K	Add +38.9%
ACWI iShares MSCI Acwi ETF	0.00%	6,349	$874K	Add +16.0%
ARW Arrow Electronics Inc.	0.00%	5,711	$691K	Add +35.8%
AIZ Assurant Inc.	0.00%	3,151	$683K	Add +41.5%
PFGC Performance Food Group Co.	0.00%	5,144	$535K	Reduce -32.8%
RVTY Revvity Inc.	0.00%	5,586	$490K	Reduce -99.8%
IWF iShares Russell 1000 Growth	0.00%	613	$286K	Reduce -6.8%

Other holdings (5): bonds, preferreds, convertibles and warrants · $505.5M (not counted above)

Security	Class	Shares / Principal	Value	Change
NEXTERA ENERGY INC (NEE 7.234 11/01/27)	UNIT 11/01/2027	4,261,472	$200.4M	No change
ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	4,620,404	$175.0M	Reduce -2.1%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26)	SER A MAND CNV	1,192,174	$83.8M	No change
BOEING CO/THE (BA 6 10/15/27)	DEP CONV PFD A	406,339	$28.3M	No change
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28)	DEP SHS REPSTG	304,259	$18.0M	Reduce -86.5%

Total filed on the 13F, all lines: $533.0B.

Portfolio Sells Q2 2025 → Q3 2025


META Meta Platforms Inc. Class A	Reduce -26.8%	3.28%	−1.53
BA The Boeing Co.	Reduce -55.5%	0.63%	−0.83
RCL Royal Caribbean Cruises Ltd.	Reduce -25.6%	1.17%	−0.45
ACN Accenture PLC Class A	Reduce -32.4%	0.26%	−0.24
FCX Freeport-McMoran Inc.	Reduce -31.3%	0.31%	−0.22
UBER Uber Technologies Inc.	Reduce -8.1%	2.03%	−0.22
NFLX Netflix Inc.	Reduce -0.6%	1.06%	−0.21
CRM Salesforce Inc.	Reduce -18.8%	0.41%	−0.21
FCNCA First Citizens Bcshs Class A	Reduce -81.0%	0.04%	−0.21
MCHP Microchip Technology Inc.	Reduce -87.9%	0.02%	−0.20
ANSS Ansys Inc.	Sold out	0.00%	−0.20
ISRG Intuitive Surgical Inc.	Reduce -45.6%	0.13%	−0.18
ABT Abbott Laboratories	Reduce -7.2%	0.98%	−0.16
TXN Texas Instruments Inc.	Reduce -8.8%	0.50%	−0.16
TMO Thermo Fisher Scientific Inc.	Reduce -41.8%	0.29%	−0.15
MU Micron Technology Inc.	Reduce -45.3%	0.30%	−0.13
SYK Stryker Corp.	Reduce -7.3%	0.44%	−0.10
MOH Molina Healthcare Inc.	Reduce -63.4%	0.03%	−0.10
DOW Dow Inc.	Reduce -55.3%	0.05%	−0.09
MDT Medtronic PLC	Reduce -15.6%	0.55%	−0.09
LVS Las Vegas Sands Corp.	Reduce -30.9%	0.34%	−0.09
MDLZ Mondelez International Inc. Class A	Reduce -6.5%	0.35%	−0.08
CMG Chipotle Mexican Grill Inc.	Reduce -27.5%	0.07%	−0.08
CB Chubb Ltd.	Reduce -12.0%	0.31%	−0.08
NOW ServiceNow Inc.	Reduce -23.8%	0.13%	−0.07
FLUT Flutter Entertainment PLC-Di	Reduce -2.7%	0.31%	−0.07
GE General Electric	Reduce -12.7%	1.49%	−0.07
GILD Gilead Sciences Inc.	Reduce -3.5%	0.63%	−0.07
DXCM Dexcom Inc.	Reduce -56.2%	0.03%	−0.06
KKR KKR & Co. Inc.	Reduce -25.6%	0.14%	−0.06
PANW Palo Alto Networks Inc.	Reduce -38.6%	0.08%	−0.06
DTE DTE Energy Company	Reduce -14.6%	0.32%	−0.05
ALB Albemarle Corp.	Sold out	0.00%	−0.05
RVTY Revvity Inc.	Reduce -99.8%	0.00%	−0.05
MCD McDonald's Corp.	Reduce -9.0%	0.36%	−0.05
DHI D.R. Horton Inc.	Reduce -36.9%	0.15%	−0.04
ADBE Adobe Inc.	Reduce -30.3%	0.06%	−0.04
DAY Dayforce Inc.	Sold out	0.00%	−0.04
CZR Caesars Entertainment Inc.	Reduce -23.3%	0.08%	−0.04
VICI Vici Properties Inc.	Reduce -4.1%	0.31%	−0.04
CSX CSX Corp.	Reduce -56.1%	0.03%	−0.03
PODD Insulet Corp.	Reduce -4.0%	0.26%	−0.03
MGNI Magnite Inc.	Reduce -46.0%	0.03%	−0.03
CNQ Canadian Natural Resources	Reduce -0.1%	0.67%	−0.03
EIX Edison International	Reduce -74.0%	0.01%	−0.03
DASH DoorDash Inc. Class A	Reduce -20.6%	0.15%	−0.03
HAS Hasbro Inc.	Reduce -39.1%	0.04%	−0.03
UDR Udr Inc.	Reduce -9.8%	0.10%	−0.03
CEG Constellation Energy	Reduce -14.9%	0.13%	−0.03
CPRT Copart Inc.	Reduce -13.9%	0.08%	−0.03

Portfolio Buys Q2 2025 → Q3 2025


NVDA Nvidia Corp.	Add +16.1%	5.79%	+1.28
GOOGL Alphabet Inc. Class A	Add +15.7%	2.32%	+0.77
UNH Unitedhealth Group Inc.	Add +126.9%	0.85%	+0.49
AAPL Apple Inc.	Add +9.2%	2.18%	+0.46
AMAT Applied Materials Inc.	Add +225.4%	0.57%	+0.40
LLY Eli Lilly & Co.	Add +20.9%	3.60%	+0.35
CVE Cenovus Energy Inc.	Add +291.3%	0.34%	+0.27
ORCL Oracle Corp.	Add +1.2%	1.23%	+0.22
HAL Halliburton Co.	Add +81.8%	0.42%	+0.22
APH Amphenol Corp. Class A	Add +106.9%	0.36%	+0.21
NEE Nextera Energy Inc.	Add +92.3%	0.40%	+0.20
RTX RTX Corp.	Add +1.1%	2.39%	+0.19
UNP Union Pacific Corp.	Add +95.0%	0.39%	+0.18
EXE Expand Energy Corp.	Add +161.5%	0.32%	+0.18
GLW Corning Inc.	New	0.17%	+0.17
AMZN Amazon.com Inc.	Add +11.3%	3.89%	+0.16
SNPS Synopsys Inc.	Add +226.6%	0.23%	+0.15
ALNY Alnylam Pharmaceuticals Inc.	Add +0.4%	0.62%	+0.15
AIG American International Group	Add +79.6%	0.42%	+0.15
APP AppLovin Corp. Class A	New	0.14%	+0.14
D Dominion Energy Inc.	Add +22.4%	0.63%	+0.12
ENTG Entegris Inc.	New	0.12%	+0.12
EQT Eqt Corp.	New	0.10%	+0.10
SPOT Spotify Technology SA	New	0.10%	+0.10
PCG P G & E Corp.	Add +84.7%	0.20%	+0.09
CI The Cigna Group	Add +140.2%	0.17%	+0.08
WFC Wells Fargo & Co.	Add +18.6%	0.56%	+0.08
V Visa Inc. Class A	Add +73.4%	0.20%	+0.07
CHTR Charter Communications Inc. Class A	New	0.06%	+0.06
GEHC GE Healthcare Technology	Add +25.0%	0.35%	+0.06
BKR Baker Hughes Co.	Add +7.2%	0.24%	+0.05
ARM Arm Holdings PLC-ADR	New	0.05%	+0.05
PGR Progressive Corp.	Add +26.1%	0.52%	+0.04
LSCC Lattice Semiconductor Corp.	Add +66.4%	0.06%	+0.04
CVS CVS Health Corp.	Add +24.4%	0.16%	+0.03
MOD Modine Manufacturing Co.	New	0.03%	+0.03
CMCSA Comcast Corp. Class A	Add +46.1%	0.20%	+0.03
BLD Topbuild Corp.	Add +1.8%	0.26%	+0.03
BRBR Bellring Brands Inc.	New	0.03%	+0.03
HD Home Depot Inc.	Add +0.3%	0.87%	+0.03
LYB Lyondellbasell Indu Class A	Add +470.1%	0.04%	+0.03
TRP TC Energy Corp.	Add +2.5%	0.43%	+0.03
LHX L3HARRIS Technologies Inc.	Add +23.3%	0.10%	+0.03
MNST Monster Beverage Corp.	Add +71.4%	0.06%	+0.03
FANG Diamondback Energy Inc.	Add +38.0%	0.10%	+0.03
FAF First American Financial	Add +194.5%	0.04%	+0.03
MRVL Marvell Technology Inc.	New	0.03%	+0.03
SMTC Semtech Corp.	Add +13.9%	0.06%	+0.03
BIO Bio-Rad Laboratories-A	New	0.02%	+0.02
BMRN Biomarin Pharmaceutical Inc.	Add +547.5%	0.03%	+0.02

Notes & Other Activity Q2 2025 → Q3 2025


ALBEMARLE CORP (ALB 7.25 03/01/27)	7.25% DEP SHS A	Reduce -2.1%	4,620,404	$175.0M
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29)	NOTE 1.875%12/0 · principal	Sold out	263,085,000	$67.7Mbefore exit
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28)	DEP SHS REPSTG	Reduce -86.5%	304,259	$18.0M
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	Sold out	33,000,000	$8.5Mbefore exit
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28)	NOTE 0.250% 2/1 · principal	Sold out	28,000,000	$7.2Mbefore exit

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	417	$713.4B	AVGO, NVDA, MSFT, AMZN, LLY
Q1 2026	453	$643.4B	AVGO, MSFT, NVDA, AMZN, LLY
Q4 2025	430	$541.4B	MSFT, NVDA, AVGO, LLY, AMZN
Q3 2025	428	$532.5B	MSFT, NVDA, AVGO, AMZN, LLY
Q2 2025	423	$498.8B	MSFT, AVGO, META, NVDA, AMZN
Q1 2025	451	$459.3B	MSFT, META, AMZN, AVGO, LLY
Q4 2024	434	$485.7B	MSFT, META, AVGO, AMZN, AAPL
Q3 2024	413	$480.7B	MSFT, META, AMZN, AAPL, AVGO
Q2 2024	412	$455.3B	MSFT, META, AMZN, AVGO, AAPL
Q1 2024	407	$441.5B	MSFT, AVGO, META, AMZN, GE