Central Pacific Bank - Trust Division

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 2, 2024), Central Pacific Bank - Trust Division reported 779 stock positions worth $757.9 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.4% of the portfolio, followed by Microsoft (MSFT, 3.5%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.0%). Compared with Q2 2024, it opened 29 new positions, sold out of 108, added to 148 and reduced 226. The biggest buy was a new position in F/M US Treasury 2 Year Note (UTWO) and the biggest sale Alphabet Class C (GOOG, shares −40%).

Most Recent 13F
Q2 2026
Location
HONOLULU, HI
CIK
0002020066
Portfolio Value
$757.9M (Q3 2024)
SEC Filing
0002020066-24-000006 ↗ filed Oct 2, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $764.8M Q1 2024 Q2 2024: $800.6M Q2 2024 Q3 2024: $757.9M $757.9M Q3 2024 Q4 2024: $731.0M Q4 2024 Q1 2025: $691.0M Q1 2025 Q2 2025: $753.2M Q2 2025 Q3 2025: $794.3M Q3 2025 Q4 2025: $785.4M Q4 2025 Q1 2026: $752.2M Q1 2026 Q2 2026: $947.9M Q2 2026

Holdings 779 stocks · $757.9M
IVV iShares Core S&P 500 ETF 7.40% 97,182 $56.1M Reduce -8.5%
MSFT Microsoft Corp. 3.50% 61,613 $26.5M Reduce -7.1%
SPY SS SPDR S&P 500 ETF Trust-US 3.02% 39,936 $22.9M Add +0.6%
AAPL Apple Inc. 2.80% 91,229 $21.3M Reduce -12.9%
NVDA Nvidia Corp. 2.25% 140,274 $17.0M Reduce -7.7%
AMZN Amazon.com Inc. 2.24% 91,092 $17.0M Reduce -11.2%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 2.13% 343,153 $16.2M Add +10.6%
IEFA iShares Core MSCI Eafe ETF 1.32% 128,419 $10.0M Reduce -20.3%
QQQ Invesco QQQ Trust Series 1 1.31% 20,294 $9.9M Add +41.9%
LLY Eli Lilly & Co. 1.23% 10,564 $9.4M Reduce -6.8%
VXUS Vanguard Total Intl Stock 1.09% 127,968 $8.3M Reduce -1.0%
META Meta Platforms Inc. Class A 1.03% 13,636 $7.8M Reduce -18.0%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.00% 67,345 $7.6M Reduce -1.7%
IEMG iShares Core MSCI Emerging 0.91% 119,481 $6.9M Reduce -5.2%
PGR Progressive Corp. 0.90% 26,784 $6.8M Add +4.7%
GOOGL Alphabet Inc. Class A 0.88% 40,354 $6.7M Reduce -10.5%
BSV Vanguard Short-Term Bond ETF 0.83% 79,998 $6.3M Reduce -12.2%
GOOG Alphabet Inc. Class C 0.77% 34,968 $5.8M Reduce -40.5%
MA Mastercard Inc. Class A 0.75% 11,462 $5.7M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.70% 11,455 $5.3M Add +0.5%
AXP American Express Co. 0.70% 19,425 $5.3M Reduce -13.2%
XOM Exxon Mobil Corp. 0.69% 44,836 $5.3M Add +0.8%
JAAA Janus Henderson Aaa Clo ETF 0.69% 102,255 $5.2M Add +60.2%
UTWO F/M US Treasury 2 Year Note 0.64% 99,669 $4.9M New
UBER Uber Technologies Inc. 0.64% 64,428 $4.8M Add +10.2%
SCHW Schwab (charles) Corp. 0.63% 74,140 $4.8M Reduce -15.4%
DGRO iShares Core Dividend Growth 0.63% 76,616 $4.8M Reduce -24.8%
IWD iShares Russell 1000 Value E 0.60% 23,763 $4.5M Reduce -0.8%
BKNG Booking Holdings Inc. 0.56% 1,013 $4.3M Reduce -0.1%
APD Air Products & Chemicals Inc. 0.55% 14,117 $4.2M Add +18.5%
EFA iShares MSCI Eafe ETF 0.54% 49,105 $4.1M Reduce -6.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.54% 57,043 $4.1M Reduce -2.0%
VRTX Vertex Pharmaceuticals Inc. 0.53% 8,703 $4.0M Add +3.1%
IWF iShares Russell 1000 Growth 0.53% 10,762 $4.0M Add +0.1%
IYW iShares Ustechnology ETF 0.51% 25,382 $3.8M Reduce -12.5%
NSC Norfolk Southern Corp. 0.50% 15,367 $3.8M Add +1.0%
RTX RTX Corp. 0.50% 31,504 $3.8M Add +1.0%
PM Philip Morris International 0.49% 30,656 $3.7M Reduce -0.5%
IEF iShares 7-10 Year Treasury B 0.49% 37,796 $3.7M Reduce -2.2%
FIS Fidelity National Info Serv 0.49% 44,103 $3.7M Reduce -0.5%
BLK BlackRock Finance Inc. 0.49% 3,884 $3.7M Add +0.1%
TXN Texas Instruments Inc. 0.49% 17,836 $3.7M Add +0.7%
CMCSA Comcast Corp. Class A 0.48% 87,383 $3.6M Add +1.1%
JPM JPMorgan Chase & Co. 0.47% 16,951 $3.6M Add +0.4%
FLOT iShares Floating Rate Bond E 0.46% 68,272 $3.5M Reduce -36.0%
ADBE Adobe Inc. 0.45% 6,656 $3.4M Add +0.0%
APH Amphenol Corp. Class A 0.45% 51,770 $3.4M Reduce -17.2%
ORCL Oracle Corp. 0.44% 19,712 $3.4M Add +65.2%
MRK Merck & Co. Inc. 0.44% 29,487 $3.3M Reduce -16.8%
LOW Lowe's Cos Inc. 0.44% 12,352 $3.3M Reduce -0.2%
DE Deere & Co. 0.44% 8,000 $3.3M No change
ICVT iShares Convertible Bond ETF 0.44% 39,689 $3.3M Add +31.5%
TMO Thermo Fisher Scientific Inc. 0.43% 5,292 $3.3M Reduce -20.2%
ISRG Intuitive Surgical Inc. 0.43% 6,663 $3.3M Reduce -0.2%
ETN Eaton Corp. PLC 0.43% 9,729 $3.2M Reduce -19.4%
GS Goldman Sachs Group Inc. 0.42% 6,500 $3.2M Add +34.0%
BKLN Invesco Senior Loan ETF 0.42% 150,670 $3.2M Reduce -13.9%
JNJ Johnson & Johnson 0.41% 18,956 $3.1M Add +0.2%
MSI Motorola Solutions Inc. 0.39% 6,618 $3.0M Reduce -0.5%
AVGO Broadcom Inc. 0.39% 17,248 $3.0M Add +2.7%
WFC Wells Fargo & Co. 0.39% 52,070 $2.9M Reduce -29.0%
UNH Unitedhealth Group Inc. 0.39% 5,024 $2.9M Reduce -30.2%
VMBS Vanguard Mortgage-Backed Sec 0.38% 60,775 $2.9M Reduce -11.6%
LMBS First Trust Low Duration Opp 0.37% 57,150 $2.8M No change
ABBV Abbvie Inc. 0.36% 13,782 $2.7M Add +19.6%
SONY Sony Group Corp. - SP ADR 0.36% 28,100 $2.7M No change
CI The Cigna Group 0.36% 7,801 $2.7M Reduce -0.6%
CSCO Cisco Systems Inc. 0.35% 50,551 $2.7M Reduce -1.0%
INTU Intuit Inc. 0.35% 4,258 $2.6M Reduce -22.9%
AMD Advanced Micro Devices 0.35% 16,007 $2.6M Add +29.6%
USMV iShares MSCI USA Min Vol Fac 0.34% 28,508 $2.6M Reduce -17.0%
HD Home Depot Inc. 0.34% 6,373 $2.6M Add +85.3%
SBUX Starbucks Corp. 0.34% 26,275 $2.6M Reduce -21.3%
ICE Intercontinental Exchange Inc. 0.33% 15,682 $2.5M Reduce -0.1%
IWM iShares Russell 2000 ETF 0.33% 11,341 $2.5M Reduce -0.2%
TMUS T-Mobile US Inc. 0.33% 12,115 $2.5M Add +24.8%
BUFR FT Vest Lad Buffervetf-Usd I 0.33% 83,210 $2.5M No change
JCI Johnson Controls Internation 0.33% 32,034 $2.5M Add +0.6%
PAYX Paychex Inc. 0.32% 18,277 $2.5M Add +0.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.32% 20,808 $2.4M Reduce -0.3%
ORLY O'reilly Automotive Inc. 0.32% 2,095 $2.4M Reduce -1.5%
CR Crane Co. 0.31% 15,020 $2.4M Reduce -5.4%
KKR KKR & Co. Inc. 0.31% 18,039 $2.4M Add +105.6%
BSX Boston Scientific Corp. 0.31% 27,883 $2.3M Add +10.6%
QCOM Qualcomm Inc. 0.31% 13,721 $2.3M Add +3.7%
NOW ServiceNow Inc. 0.31% 2,587 $2.3M Reduce -25.5%
CRM Salesforce Inc. 0.30% 8,434 $2.3M Reduce -26.0%
SHYG iShares 0-5 YR HY Corp. Bond 0.30% 53,010 $2.3M Add +14.8%
HDEF Xtrackers MSCI Eafe High Div 0.30% 85,155 $2.3M Reduce -1.6%
V Visa Inc. Class A 0.30% 8,302 $2.3M Reduce -51.2%
NOC Northrop Grumman Corp. 0.30% 4,283 $2.3M Add +1.2%
PEP Pepsico Inc. 0.29% 12,988 $2.2M Reduce -27.2%
D Dominion Energy Inc. 0.29% 38,046 $2.2M Reduce -0.5%
STT State Street Corp. 0.28% 23,900 $2.1M Reduce -5.2%
CVS CVS Health Corp. 0.28% 33,268 $2.1M Reduce -0.6%
CL Colgate-Palmolive Co. 0.27% 19,869 $2.1M Reduce -0.5%
TXT Textron Inc. 0.27% 23,200 $2.1M No change
ROST Ross Stores Inc. 0.27% 13,581 $2.0M Reduce -18.2%
QUAL iShares MSCI USA Quality Fac 0.27% 11,305 $2.0M No change
ALL Allstate Corp. 0.26% 10,526 $2.0M Add +97.6%

Show all 779 holdings

Other holdings (82): bonds, preferreds, convertibles and warrants · $35.2M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 977$1.3MNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 783$997KNo change
PALO ALTO NETWORKS (PANW 0.375 06/01/25) NOTE 0.375% 6/0 · principal 286,000$983KNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 14,120$960KAdd +10.8%
INSMED INC (INSM 0.75 06/01/28) NOTE 0.750% 6/0 · principal 401,000$920KReduce -11.5%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 723,000$743KNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 734,000$742KNo change
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 328,000$734KNo change
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 639,000$711KNew
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 393,000$705KNo change
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 376,000$675KNo change
WAYFAIR INC (W 1 08/15/26) NOTE 1.000% 8/1 · principal 720,000$671KNo change
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 530,000$616KNo change
MONGODB INC (MDB 0.25 01/15/26) NOTE 0.250% 1/1 · principal 433,000$597KNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal 530,000$589KNo change
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 485,000$589KNo change
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) NOTE 6.000% 8/1 · principal 163,000$583KReduce -44.6%
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 476,000$573KNo change
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 617,000$534KNo change
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 337,000$531KReduce -19.2%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 586,000$519KNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 435,000$517KAdd +86.7%
NATERA INC (NTRA 2.25 05/01/27) NOTE 2.250% 5/0 · principal 152,000$503KReduce -31.8%
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) NOTE 0.250% 3/1 · principal 355,000$502KAdd +28.6%
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 517,000$500KNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 507,000$496KNo change
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal 235,000$489KNo change
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 537,000$474KNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 398,000$465KAdd +39.6%
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 10,270$462KNo change
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 386,000$460KReduce -21.2%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 296,000$459KNo change
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 229,000$458KNo change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 393,000$445KNo change
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 414,000$438KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 397,000$437KNo change
ZILLOW GROUP INC (Z 1.375 09/01/26) NOTE 1.375% 9/0 · principal 280,000$412KAdd +133.3%
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 445,000$397KNo change
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 251,000$378KNo change
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) NOTE 1.500% 2/1 · principal 393,000$370KNo change
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 318,000$369KNo change
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal 458,000$369KNo change
CNX RESOURCES CORP (CNX 2.25 05/01/26) NOTE 2.250% 5/0 · principal 139,000$354KReduce -35.4%
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal 191,000$352KReduce -25.4%
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 291,000$346KNo change
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 280,000$342KNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 232,000$340KNo change
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 423,000$338KNo change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 383,000$338KNo change
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 282,000$337KNo change
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 366,000$336KNo change
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 334,000$332KNo change
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 189,000$318KNo change
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 258,000$316KNo change
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal 243,000$315KReduce -56.1%
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 431,000$314KNo change
GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) NOTE 1.250% 3/1 · principal 188,000$301KNew
HUBSPOT INC (HUBS 0.375 06/01/25) NOTE 0.375% 6/0 · principal 160,000$301KReduce -33.3%
RBC BEARINGS INC (RBC 5 10/15/24 A) 5% CNV PFD SR A 2,225$295KNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 313,000$295KNo change
PENNYMAC CORP (PMT 5.5 11/01/24) NOTE 5.500%11/0 · principal 295,000$293KNo change
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 283,000$290KNo change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 262,000$277KNew
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 149,000$276KNo change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 240,000$274KNo change
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 290,000$266KNo change
CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal 202,000$261KNo change
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 247,000$254KNo change
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal 274,000$252KNo change
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal 251,000$251KNo change
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal 227,000$247KNew
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal 238,000$237KNo change
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B 4,220$212KNo change
SEMTECH CORP (SMTC 1.625 11/01/27) NOTE 1.625%11/0 · principal 143,000$202KReduce -49.6%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 166,000$194KNo change
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal 83,000$184KReduce -47.1%
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal 68,000$165KReduce -49.6%
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal 167,000$162KNo change
BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28) NOTE 4.250% 6/1 · principal 110,000$158KReduce -52.4%
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 5,324$158KNo change
LENDINGTREE INC (TREE 0.5 07/15/25) NOTE 0.500% 7/1 · principal 119,000$111KNo change
AP.WS Ampco-Pittsburgh Corp. -CW25 *W EXP 08/01/202 14,000$1KNo change

Total filed on the 13F, all lines: $793.1M.

Portfolio Sells Q2 2024 → Q3 2024
GOOG Alphabet Inc. Class C Reduce -40.5% 0.77% −0.57
SHY iShares 1-3 Year Treasury Bo Reduce -76.0% 0.18% −0.52
V Visa Inc. Class A Reduce -51.2% 0.30% −0.26
TEL Te Connectivity Ltd. Sold out 0.00% −0.26
AMZN Amazon.com Inc. Reduce -11.2% 2.24% −0.24
FLOT iShares Floating Rate Bond E Reduce -36.0% 0.46% −0.22
WRB WR Berkley Corp. Sold out 0.00% −0.22
MSFT Microsoft Corp. Reduce -7.1% 3.50% −0.20
BRO Brown & Brown Inc. Reduce -95.9% 0.01% −0.20
SCHW Schwab (charles) Corp. Reduce -15.4% 0.63% −0.17
CSL Carlisle Cos Inc. Sold out 0.00% −0.17
CASY Casey's General Stores Inc. Sold out 0.00% −0.16
WFC Wells Fargo & Co. Reduce -29.0% 0.39% −0.16
GOOGL Alphabet Inc. Class A Reduce -10.5% 0.88% −0.14
HEI Heico Corp. Sold out 0.00% −0.14
IEFA iShares Core MSCI Eafe ETF Reduce -20.3% 1.32% −0.14
TFLO iShares Treasury Floating Ra Reduce -41.5% 0.22% −0.14
GDDY GoDaddy Inc. Class A Sold out 0.00% −0.13
NVO Novo-Nordisk A/S-Spons ADR Reduce -51.8% 0.10% −0.13
SNPS Synopsys Inc. Sold out 0.00% −0.13
MDY State Street SPDR S&P Midcap Sold out 0.00% −0.13
MSCI MSCI Inc. Reduce -94.5% 0.01% −0.12
AVY Avery Dennison Corp. Sold out 0.00% −0.12
CACI Caci International Inc. Class A Reduce -87.5% 0.02% −0.12
MORN Morningstar Inc. Sold out 0.00% −0.12
TYL Tyler Technologies Inc. Reduce -91.0% 0.01% −0.12
WDAY Workday Inc. Class A Sold out 0.00% −0.11
AMG Affiliated Managers Group Sold out 0.00% −0.11
LIN Linde PLC Reduce -89.1% 0.02% −0.11
MRK Merck & Co. Inc. Reduce -16.8% 0.44% −0.11
LRCX Lam Research Corp. Reduce -67.2% 0.04% −0.10
INTU Intuit Inc. Reduce -22.9% 0.35% −0.10
CP Canadian Pacific Kansas City Sold out 0.00% −0.10
MKL Markel Group Inc. Sold out 0.00% −0.10
FDS Factset Research Systems Inc. Reduce -59.6% 0.09% −0.10
LII Lennox International Inc. Sold out 0.00% −0.10
DGRO iShares Core Dividend Growth Reduce -24.8% 0.63% −0.10
NVDA Nvidia Corp. Reduce -7.7% 2.25% −0.10
ECL Ecolab Inc. Reduce -92.6% 0.01% −0.10
FCX Freeport-McMoran Inc. Sold out 0.00% −0.09
TREX Trex Company Inc. Sold out 0.00% −0.09
CPRT Copart Inc. Reduce -42.2% 0.13% −0.09
YUM Yum! Brands Inc. Reduce -90.8% 0.01% −0.09
ATR Aptargroup Inc. Sold out 0.00% −0.09
BAH Booz Allen Hamilton Holdings Reduce -94.3% 0.01% −0.09
AON Aon PLC Class A Sold out 0.00% −0.09
RPM RPM International Inc. Sold out 0.00% −0.09
SPGI S&P Global Inc. Reduce -44.9% 0.18% −0.09
DLB Dolby Laboratories Inc. Class A Sold out 0.00% −0.09
BURL Burlington Stores Inc. Sold out 0.00% −0.09

Portfolio Buys Q2 2024 → Q3 2024
UTWO F/M US Treasury 2 Year Note New 0.64% +0.64
QQQ Invesco QQQ Trust Series 1 Add +41.9% 1.31% +0.45
IUSB Ishr CR Unvrse Usd BD ETF-Ui Add +10.6% 2.13% +0.38
SPY SS SPDR S&P 500 ETF Trust-US Add +0.6% 3.02% +0.33
JAAA Janus Henderson Aaa Clo ETF Add +60.2% 0.69% +0.28
SDVY First Trust Smid Cap Rising New 0.26% +0.26
PGR Progressive Corp. Add +4.7% 0.90% +0.23
ORCL Oracle Corp. Add +65.2% 0.44% +0.23
KKR KKR & Co. Inc. Add +105.6% 0.31% +0.20
IYR iShares US Real Estate ETF New 0.19% +0.19
HD Home Depot Inc. Add +85.3% 0.34% +0.19
APD Air Products & Chemicals Inc. Add +18.5% 0.55% +0.17
CEG Constellation Energy Add +618.5% 0.18% +0.16
ALL Allstate Corp. Add +97.6% 0.26% +0.16
GE General Electric Add +91.8% 0.26% +0.15
GS Goldman Sachs Group Inc. Add +34.0% 0.42% +0.15
ICVT iShares Convertible Bond ETF Add +31.5% 0.44% +0.14
TSLA Tesla Inc. Add +1179.9% 0.15% +0.14
TSM Taiwan Semiconductor-SP ADR New 0.14% +0.14
BRK.B Berkshire Hathaway Inc. Class B Add +0.5% 0.70% +0.12
TMUS T-Mobile US Inc. Add +24.8% 0.33% +0.12
RTX RTX Corp. Add +1.0% 0.50% +0.11
ABBV Abbvie Inc. Add +19.6% 0.36% +0.11
URI United Rentals Inc. Add +53.7% 0.21% +0.11
UBER Uber Technologies Inc. Add +10.2% 0.64% +0.11
BLK BlackRock Finance Inc. Add +0.1% 0.49% +0.10
PHM Pultegroup Inc. New 0.10% +0.10
EWJ iShares MSCI Japan ETF New 0.10% +0.10
AMD Advanced Micro Devices Add +29.6% 0.35% +0.10
NSC Norfolk Southern Corp. Add +1.0% 0.50% +0.10
HOOD Robinhood Markets Inc. Class A New 0.09% +0.09
VRT Vertiv Holdings Co. Class A Add +54.2% 0.20% +0.09
IOT Samsara Inc. Class A Add +913.3% 0.09% +0.09
TKO Tko Group Holdings Inc. Add +499.8% 0.10% +0.08
TGT Target Corp. Add +45.6% 0.21% +0.08
CAT Caterpillar Inc. Add +122.9% 0.12% +0.08
ESGV Vanguard ESG US Stock ETF New 0.08% +0.08
GEV GE Vernova Inc. Add +1242.9% 0.08% +0.08
IJR iShares Core S&P Small-Cap E Add +25.1% 0.23% +0.07
NOC Northrop Grumman Corp. Add +1.2% 0.30% +0.07
DD Dupont DE Nemours Inc. Add +214.5% 0.09% +0.07
BSX Boston Scientific Corp. Add +10.6% 0.31% +0.07
JCI Johnson Controls Internation Add +0.6% 0.33% +0.06
GLW Corning Inc. Add +34.2% 0.16% +0.06
LITE Lumentum Holdings Inc. Add +6232.5% 0.06% +0.06
SHW The Sherwin-Williams Co. New 0.06% +0.06
KO The Coca-Cola Co. Add +11.7% 0.25% +0.06
DASH DoorDash Inc. Class A Add +36.6% 0.13% +0.06
SHYG iShares 0-5 YR HY Corp. Bond Add +14.8% 0.30% +0.06
JNJ Johnson & Johnson Add +0.2% 0.41% +0.06

Notes & Other Activity Q2 2024 → Q3 2024
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Add +10.8% 14,120 $960K
INSMED INC (INSM 0.75 06/01/28) NOTE 0.750% 6/0 · principal Reduce -11.5% 401,000 $920K
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal New 639,000 $711K
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) NOTE 6.000% 8/1 · principal Reduce -44.6% 163,000 $583K
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal Reduce -19.2% 337,000 $531K
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal Add +86.7% 435,000 $517K
NATERA INC (NTRA 2.25 05/01/27) NOTE 2.250% 5/0 · principal Reduce -31.8% 152,000 $503K
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) NOTE 0.250% 3/1 · principal Add +28.6% 355,000 $502K
ENVESTNET INC (ENV 2.625 12/01/27) NOTE 2.625%12/0 · principal Sold out 447,000 $479Kbefore exit
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal Add +39.6% 398,000 $465K
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal Reduce -21.2% 386,000 $460K
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal Sold out 441,000 $453Kbefore exit
ATI INC (ATI 3.5 06/15/25) NOTE 3.500% 6/1 · principal Sold out 122,000 $437Kbefore exit
UPSTART HOLDINGS INC (UPST 0.25 08/15/26) NOTE 0.250% 8/1 · principal Sold out 543,000 $430Kbefore exit
ZILLOW GROUP INC (Z 1.375 09/01/26) NOTE 1.375% 9/0 · principal Add +133.3% 280,000 $412K
CYBERARK SOFTWARE LTD (CYBR 0 11/15/24) NOTE 11/1 · principal Sold out 219,000 $380Kbefore exit
CNX RESOURCES CORP (CNX 2.25 05/01/26) NOTE 2.250% 5/0 · principal Reduce -35.4% 139,000 $354K
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal Reduce -25.4% 191,000 $352K
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal Sold out 391,000 $338Kbefore exit
REVANCE THERAPEUTICS INC (RVNC 1.75 02/15/27) NOTE 1.750% 2/1 · principal Sold out 491,000 $322Kbefore exit
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal Reduce -56.1% 243,000 $315K
GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) NOTE 1.250% 3/1 · principal New 188,000 $301K
HUBSPOT INC (HUBS 0.375 06/01/25) NOTE 0.375% 6/0 · principal Reduce -33.3% 160,000 $301K
WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) NOTE 1.875%12/0 · principal Sold out 541,000 $298Kbefore exit
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal New 262,000 $277K
GLAUKOS CORP (GKOS 2.75 06/15/27) NOTE 2.750% 6/1 · principal Sold out 122,000 $269Kbefore exit
HCI GROUP INC (HCI 4.75 06/01/42) NOTE 4.750% 6/0 · principal Sold out 192,000 $250Kbefore exit
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal New 227,000 $247K
VARONIS SYSTEM INC (VRNS 1.25 08/15/25) NOTE 1.250% 8/1 · principal Sold out 141,000 $229Kbefore exit
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal Sold out 211,000 $207Kbefore exit
SEMTECH CORP (SMTC 1.625 11/01/27) NOTE 1.625%11/0 · principal Reduce -49.6% 143,000 $202K
PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) NOTE 3.250% 4/0 · principal Sold out 67,000 $185Kbefore exit
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal Reduce -47.1% 83,000 $184K
MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal Sold out 153,000 $183Kbefore exit
MAKEMYTRIP LIMITED (MMYT 0 02/15/28) NOTE 2/1 · principal Reduce -49.6% 68,000 $165K
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal Sold out 155,000 $164Kbefore exit
BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28) NOTE 4.250% 6/1 · principal Reduce -52.4% 110,000 $158K
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal Sold out 151,000 $149Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 823$947.9MIVV, SPY, AAPL, DYNF, VCRB
Q1 2026 788$752.2MIVV, AAPL, SPY, NVDA, MSFT
Q4 2025 776$785.4MIVV, MSFT, AAPL, SPY, NVDA
Q3 2025 759$794.3MIVV, MSFT, SPY, NVDA, AAPL
Q2 2025 768$753.2MIVV, MSFT, SPY, IUSB, NVDA
Q1 2025 769$691.0MIVV, SPY, AAPL, MSFT, IUSB
Q4 2024 803$731.0MIVV, MSFT, SPY, AAPL, AMZN
Q3 2024 779$757.9MIVV, MSFT, SPY, AAPL, NVDA
Q2 2024 858$800.6MIVV, MSFT, AAPL, SPY, AMZN
Q1 2024 856$764.8MIVV, MSFT, SPY, AMZN, AAPL