Central Pacific Bank - Trust Division
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 3, 2025), Central Pacific Bank - Trust Division reported 769 stock positions worth $691.0 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 6.7% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.2%) and Apple (AAPL, 2.9%). Compared with Q4 2024, it opened 44 new positions, sold out of 78, added to 206 and reduced 231. The biggest buy was a new position in Invesco Nasdaq 100 ETF (QQQM) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- HONOLULU, HI
- CIK
- 0002020066
- Portfolio Value
- $691.0M (Q1 2025)
- SEC Filing
- 0002020066-25-000002 ↗ filed Apr 3, 2025
Holdings Value
Holdings 769 stocks · $691.0M
| IVV iShares Core S&P 500 ETF | 6.66% | 81,926 | $46.0M | Reduce -23.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.25% | 40,112 | $22.4M | Reduce -0.6% |
| AAPL Apple Inc. | 2.94% | 91,378 | $20.3M | Add +1.8% |
| MSFT Microsoft Corp. | 2.73% | 50,321 | $18.9M | Reduce -12.7% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 2.66% | 399,166 | $18.4M | Add +1.9% |
| AMZN Amazon.com Inc. | 2.13% | 77,526 | $14.8M | Reduce -7.2% |
| NVDA Nvidia Corp. | 1.58% | 100,692 | $10.9M | Reduce -24.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.16% | 106,301 | $8.0M | Reduce -22.4% |
| META Meta Platforms Inc. Class A | 1.15% | 13,732 | $7.9M | Reduce -0.8% |
| PGR Progressive Corp. | 1.07% | 26,196 | $7.4M | Add +8.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 1.05% | 66,645 | $7.2M | Reduce -1.0% |
| BSV Vanguard Short-Term Bond ETF | 0.93% | 82,040 | $6.4M | Reduce -0.6% |
| VXUS Vanguard Total Intl Stock | 0.93% | 103,043 | $6.4M | Reduce -19.5% |
| UTWO F/M US Treasury 2 Year Note | 0.92% | 130,514 | $6.3M | Add +0.7% |
| LLY Eli Lilly & Co. | 0.89% | 7,486 | $6.2M | Add +15.9% |
| QQQM Invesco Nasdaq 100 ETF | 0.88% | 31,349 | $6.1M | New |
| IEF iShares 7-10 Year Treasury B | 0.86% | 62,350 | $5.9M | Add +190.7% |
| MA Mastercard Inc. Class A | 0.86% | 10,815 | $5.9M | Add +0.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.85% | 120,021 | $5.9M | Add +28.1% |
| IEMG iShares Core MSCI Emerging | 0.84% | 108,105 | $5.8M | Add +17.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.84% | 10,896 | $5.8M | Reduce -4.9% |
| GOOGL Alphabet Inc. Class A | 0.81% | 36,115 | $5.6M | Reduce -8.5% |
| SCHW Schwab (charles) Corp. | 0.80% | 71,002 | $5.6M | Reduce -7.7% |
| IYW iShares Ustechnology ETF | 0.76% | 37,499 | $5.3M | Add +34.1% |
| JAAA Janus Henderson Aaa Clo ETF | 0.74% | 100,195 | $5.1M | Reduce -2.0% |
| XOM Exxon Mobil Corp. | 0.73% | 42,452 | $5.0M | Reduce -5.5% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.68% | 159,270 | $4.7M | Add +91.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.66% | 9,681 | $4.5M | Reduce -57.2% |
| PM Philip Morris International | 0.63% | 27,301 | $4.3M | Reduce -11.0% |
| BKLN Invesco Senior Loan ETF | 0.63% | 209,275 | $4.3M | Reduce -0.8% |
| BKNG Booking Holdings Inc. | 0.62% | 937 | $4.3M | Reduce -2.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.62% | 50,714 | $4.3M | Reduce -5.5% |
| RTX RTX Corp. | 0.61% | 31,998 | $4.2M | Add +10.0% |
| AVGO Broadcom Inc. | 0.61% | 25,260 | $4.2M | Add +20.5% |
| ORCL Oracle Corp. | 0.61% | 30,025 | $4.2M | Add +30.6% |
| JPM JPMorgan Chase & Co. | 0.59% | 16,754 | $4.1M | Reduce -0.6% |
| RSP Invesco S&P 500 Equal Weight | 0.57% | 22,850 | $4.0M | New |
| APD Air Products & Chemicals Inc. | 0.57% | 13,413 | $4.0M | Reduce -5.2% |
| AXP American Express Co. | 0.55% | 14,111 | $3.8M | Reduce -20.8% |
| NOW ServiceNow Inc. | 0.55% | 4,766 | $3.8M | Add +91.5% |
| IWF iShares Russell 1000 Growth | 0.54% | 10,393 | $3.8M | Reduce -5.1% |
| EFA iShares MSCI Eafe ETF | 0.53% | 45,056 | $3.7M | Reduce -8.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.52% | 64,480 | $3.6M | New |
| BLK BlackRock Inc. | 0.50% | 3,678 | $3.5M | New |
| NSC Norfolk Southern Corp. | 0.49% | 14,329 | $3.4M | Reduce -6.8% |
| ICVT iShares Convertible Bond ETF | 0.49% | 40,401 | $3.4M | Reduce -0.9% |
| HD Home Depot Inc. | 0.49% | 9,174 | $3.4M | Reduce -7.7% |
| ISRG Intuitive Surgical Inc. | 0.48% | 6,698 | $3.3M | Add +3.2% |
| UBER Uber Technologies Inc. | 0.48% | 45,308 | $3.3M | Add +3.3% |
| DE Deere & Co. | 0.48% | 7,000 | $3.3M | Reduce -2.8% |
| CMCSA Comcast Corp. Class A | 0.47% | 87,248 | $3.2M | Add +36.7% |
| GE General Electric filed as GE AEROSPACE | 0.47% | 16,074 | $3.2M | Add +54.6% |
| CRM Salesforce Inc. | 0.46% | 11,822 | $3.2M | Reduce -24.5% |
| BSX Boston Scientific Corp. | 0.45% | 30,501 | $3.1M | Add +13.3% |
| SBUX Starbucks Corp. | 0.44% | 31,275 | $3.1M | Add +19.6% |
| TXN Texas Instruments Inc. | 0.44% | 16,793 | $3.0M | Reduce -6.4% |
| CSCO Cisco Systems Inc. | 0.43% | 48,293 | $3.0M | Reduce -2.7% |
| FIS Fidelity National Info Serv | 0.42% | 39,147 | $2.9M | Add +86.6% |
| ICE Intercontinental Exchange Inc. | 0.42% | 16,943 | $2.9M | Add +13.1% |
| JCI Johnson Controls Internation | 0.42% | 36,454 | $2.9M | Add +17.8% |
| JNJ Johnson & Johnson | 0.41% | 17,270 | $2.9M | Reduce -7.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.41% | 35,996 | $2.8M | Add +1.3% |
| ORLY O'reilly Automotive Inc. | 0.41% | 1,965 | $2.8M | Reduce -1.9% |
| TMUS T-Mobile US Inc. | 0.41% | 10,540 | $2.8M | Reduce -11.9% |
| TEL Te Connectivity PLC | 0.40% | 19,489 | $2.8M | Reduce -4.6% |
| GLW Corning Inc. | 0.39% | 59,062 | $2.7M | Add +181.5% |
| GOOG Alphabet Inc. Class C | 0.39% | 17,156 | $2.7M | Reduce -31.5% |
| SDVY First Trust Smid Cap Rising | 0.38% | 79,025 | $2.6M | No change |
| APH Amphenol Corp. Class A | 0.38% | 40,323 | $2.6M | Reduce -12.5% |
| LOW Lowe's Cos Inc. | 0.38% | 11,338 | $2.6M | Reduce -6.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.38% | 5,425 | $2.6M | Add +5.3% |
| PAYX Paychex Inc. | 0.38% | 16,898 | $2.6M | Reduce -7.1% |
| SONY Sony Group Corp. - SP ADR | 0.38% | 102,500 | $2.6M | Reduce -2.8% |
| WFC Wells Fargo & Co. | 0.37% | 35,383 | $2.5M | Reduce -14.9% |
| INTU Intuit Inc. | 0.36% | 4,064 | $2.5M | Reduce -1.1% |
| IWM iShares Russell 2000 ETF | 0.36% | 12,473 | $2.5M | Add +5.3% |
| D Dominion Energy Inc. | 0.36% | 44,038 | $2.5M | Add +98.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 19,509 | $2.4M | Reduce -1.4% |
| CVX Chevron Corp. | 0.34% | 14,124 | $2.4M | Reduce -5.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.34% | 23,572 | $2.3M | Add +21.2% |
| V Visa Inc. Class A | 0.34% | 6,611 | $2.3M | Reduce -1.3% |
| HDEF Xtrackers MSCI Eafe High Div | 0.33% | 85,155 | $2.3M | No change |
| NFLX Netflix Inc. | 0.33% | 2,470 | $2.3M | Add +0.8% |
| CVS CVS Health Corp. | 0.32% | 32,500 | $2.2M | Reduce -5.1% |
| GS Goldman Sachs Group Inc. | 0.32% | 4,010 | $2.2M | Reduce -32.8% |
| IJR iShares Core S&P Small-Cap E | 0.32% | 20,943 | $2.2M | Add +21.8% |
| CR Crane Co. | 0.31% | 13,900 | $2.1M | No change |
| MO Altria Group Inc. | 0.31% | 35,419 | $2.1M | Add +2.5% |
| GATX Gatx Corp. | 0.30% | 13,200 | $2.0M | Reduce -7.0% |
| NOC Northrop Grumman Corp. | 0.29% | 3,943 | $2.0M | Reduce -7.9% |
| FAST Fastenal Co. | 0.29% | 25,799 | $2.0M | Reduce -6.0% |
| FISV Fiserv Inc. | 0.29% | 9,004 | $2.0M | Reduce -9.2% |
| FALN iShares Fallen Angels ETF | 0.28% | 73,410 | $2.0M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.28% | 2,958 | $2.0M | Add +74.6% |
| UNH Unitedhealth Group Inc. | 0.28% | 3,680 | $1.9M | Add +0.4% |
| TTWO Take-Two Interactive Softwre | 0.28% | 9,298 | $1.9M | Add +96.9% |
| ALL Allstate Corp. | 0.28% | 9,281 | $1.9M | Add +5.8% |
| FLOT iShares Floating Rate Bond E | 0.28% | 37,628 | $1.9M | Reduce -7.9% |
| STT State Street Corp. | 0.28% | 21,300 | $1.9M | Reduce -7.2% |
| QUAL iShares MSCI USA Quality Fac | 0.27% | 11,101 | $1.9M | Reduce -1.9% |
Other holdings (77): bonds, preferreds, convertibles and warrants · $31.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 28,800 | $1.7M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 1,124,000 | $1.2M | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 843 | $1.0M | Reduce -6.0% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 726 | $896K | Reduce -7.3% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 971,000 | $836K | Reduce -9.3% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 845,000 | $820K | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 10,745 | $785K | Add +35.2% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 713,000 | $720K | Reduce -18.2% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 639,000 | $711K | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 804,000 | $696K | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 549,000 | $668K | New |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 551,000 | $663K | Reduce -16.6% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 186,000 | $638K | Reduce -17.0% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 530,000 | $628K | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 599,000 | $601K | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 446,000 | $532K | Add +33.5% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 386,000 | $514K | No change |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 391,000 | $503K | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 10,485 | $501K | Add +43.8% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 397,000 | $482K | No change |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 203,000 | $481K | Reduce -25.1% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 550,000 | $479K | No change |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 519,000 | $477K | No change |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 353,000 | $467K | No change |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 477,000 | $461K | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 189,000 | $461K | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 398,000 | $458K | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 352,000 | $450K | Add +51.1% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 174,000 | $428K | Reduce -30.7% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 8,830 | $426K | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 296,000 | $417K | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 350,000 | $379K | Reduce -15.5% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 232,000 | $377K | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 423,000 | $374K | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 318,000 | $374K | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 290,000 | $373K | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 401,000 | $373K | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 291,000 | $369K | Add +3.2% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 10,270 | $366K | No change |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 274,000 | $358K | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 383,000 | $356K | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 319,000 | $338K | New |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 281,000 | $328K | New |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 138,000 | $321K | Add +66.3% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 258,000 | $314K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 292,000 | $303K | New |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 4,630 | $301K | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 127,000 | $298K | Reduce -45.7% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 262,000 | $293K | No change |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 249,000 | $275K | No change |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 86,000 | $272K | No change |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 101,000 | $271K | Reduce -32.2% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 259,000 | $257K | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 240,000 | $253K | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 254,000 | $248K | No change |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 227,000 | $248K | No change |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 228,000 | $243K | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 237,000 | $242K | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 202,000 | $231K | No change |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 4,220 | $231K | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 166,000 | $230K | No change |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 171,000 | $226K | No change |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 152,000 | $224K | No change |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 106,000 | $213K | Reduce -33.8% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 86,000 | $212K | Add +53.6% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 156,000 | $206K | Reduce -31.3% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 200,000 | $200K | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 175,000 | $187K | New |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 167,000 | $165K | No change |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 147,000 | $164K | Reduce -40.2% |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 142,000 | $147K | Reduce -66.3% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 5,324 | $147K | No change |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 73,000 | $127K | New |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 502,000 | $120K | New |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 119,000 | $117K | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 60,000 | $72K | Reduce -79.4% |
| AP.WS Ampco-Pittsburgh Corp. -CW25 | *W EXP 08/01/202 | 14,000 | $182 | No change |
Total filed on the 13F, all lines: $722.8M.
Portfolio Sells Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Reduce -23.1% | 6.66% | −1.92 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -57.2% | 0.66% | −0.92 |
| NVDA Nvidia Corp. | Reduce -24.3% | 1.58% | −0.86 |
| MSFT Microsoft Corp. | Reduce -12.7% | 2.73% | −0.59 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -90.7% | 0.06% | −0.56 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.52 |
| AMZN Amazon.com Inc. | Reduce -7.2% | 2.13% | −0.37 |
| MRK Merck & Co. Inc. | Reduce -92.5% | 0.02% | −0.30 |
| GOOG Alphabet Inc. Class C | Reduce -31.5% | 0.39% | −0.26 |
| CRM Salesforce Inc. | Reduce -24.5% | 0.46% | −0.26 |
| KKR KKR & Co. Inc. | Reduce -58.2% | 0.13% | −0.25 |
| QCOM Qualcomm Inc. | Reduce -84.6% | 0.05% | −0.25 |
| LMBS First Trust Low Duration Opp | Sold out | 0.00% | −0.24 |
| GOOGL Alphabet Inc. Class A | Reduce -8.5% | 0.81% | −0.21 |
| ETN Eaton Corp. PLC | Reduce -49.2% | 0.17% | −0.21 |
| VRT Vertiv Holdings Co. Class A | Reduce -89.7% | 0.02% | −0.20 |
| PEP Pepsico Inc. | Reduce -80.8% | 0.05% | −0.20 |
| SLB SLB Ltd. | Reduce -88.5% | 0.03% | −0.20 |
| CL Colgate-Palmolive Co. | Reduce -83.3% | 0.04% | −0.19 |
| MUB iShares National Muni Bond E | Reduce -86.8% | 0.03% | −0.19 |
| IYR iShares US Real Estate ETF | Sold out | 0.00% | −0.18 |
| MS Morgan Stanley | Reduce -76.4% | 0.06% | −0.18 |
| AXP American Express Co. | Reduce -20.8% | 0.55% | −0.17 |
| URI United Rentals Inc. | Reduce -88.7% | 0.02% | −0.17 |
| TSLA Tesla Inc. | Reduce -47.9% | 0.09% | −0.17 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -22.4% | 1.16% | −0.15 |
| GS Goldman Sachs Group Inc. | Reduce -32.8% | 0.32% | −0.15 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.15 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -93.5% | 0.01% | −0.13 |
| IWD iShares Russell 1000 Value E | Reduce -54.6% | 0.12% | −0.13 |
| SPGI S&P Global Inc. | Reduce -77.8% | 0.04% | −0.12 |
| CDNS Cadence Design SYS Inc. | Reduce -55.8% | 0.07% | −0.11 |
| VXUS Vanguard Total Intl Stock | Reduce -19.5% | 0.93% | −0.11 |
| MSI Motorola Solutions Inc. | Reduce -29.2% | 0.24% | −0.10 |
| HRI Herc Holdings Inc. | Reduce -18.9% | 0.15% | −0.10 |
| PANW Palo Alto Networks Inc. | Reduce -42.5% | 0.13% | −0.10 |
| TTD Trade Desk Inc./the Class A | Reduce -94.3% | 0.00% | −0.09 |
| WMT Walmart Inc. | Reduce -26.2% | 0.26% | −0.08 |
| CEG Constellation Energy | Reduce -45.4% | 0.08% | −0.08 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −0.08 |
| KNSL Kinsale Capital Group Inc. | Sold out | 0.00% | −0.07 |
| COP Conocophillips | Reduce -46.5% | 0.10% | −0.07 |
| PWR Quanta Services Inc. | Reduce -39.2% | 0.08% | −0.07 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -76.2% | 0.02% | −0.07 |
| VST Vistra Corp. | Sold out | 0.00% | −0.07 |
| COHR Coherent Corp. | Reduce -22.3% | 0.08% | −0.06 |
| IWF iShares Russell 1000 Growth | Reduce -5.1% | 0.54% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -92.3% | 0.01% | −0.06 |
| APH Amphenol Corp. Class A | Reduce -12.5% | 0.38% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| QQQM Invesco Nasdaq 100 ETF | New | 0.88% | +0.88 |
| IEF iShares 7-10 Year Treasury B | Add +190.7% | 0.86% | +0.59 |
| RSP Invesco S&P 500 Equal Weight | New | 0.57% | +0.57 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.52% | +0.52 |
| BLK BlackRock Inc. | New | 0.50% | +0.50 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +91.4% | 0.68% | +0.34 |
| FALN iShares Fallen Angels ETF | New | 0.28% | +0.28 |
| PGR Progressive Corp. | Add +8.2% | 1.07% | +0.28 |
| PINS Pinterest Inc. Class A | New | 0.27% | +0.27 |
| KBWB Invesco KBW Bank ETF | New | 0.26% | +0.26 |
| GLW Corning Inc. | Add +181.5% | 0.39% | +0.25 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +1.9% | 2.66% | +0.24 |
| GE General Electric | Add +54.6% | 0.47% | +0.23 |
| LLY Eli Lilly & Co. | Add +15.9% | 0.89% | +0.21 |
| D Dominion Energy Inc. | Add +98.0% | 0.36% | +0.19 |
| FIS Fidelity National Info Serv | Add +86.6% | 0.42% | +0.19 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +28.1% | 0.85% | +0.19 |
| NOW ServiceNow Inc. | Add +91.5% | 0.55% | +0.19 |
| IEMG iShares Core MSCI Emerging | Add +17.6% | 0.84% | +0.19 |
| MCK McKesson Corp. | Add +153.0% | 0.25% | +0.17 |
| EQT Eqt Corp. | New | 0.16% | +0.16 |
| TTWO Take-Two Interactive Softwre | Add +96.9% | 0.28% | +0.16 |
| RTX RTX Corp. | Add +10.0% | 0.61% | +0.15 |
| IYW iShares Ustechnology ETF | Add +34.1% | 0.76% | +0.15 |
| CCI Crown Castle Inc. | Add +182.6% | 0.20% | +0.14 |
| HWM Howmet Aerospace Inc. | Add +476.1% | 0.16% | +0.14 |
| CMCSA Comcast Corp. Class A | Add +36.7% | 0.47% | +0.14 |
| MCHP Microchip Technology Inc. | Add +155.4% | 0.23% | +0.13 |
| ASML ASML Holding NV-NY Reg SHS | Add +74.6% | 0.28% | +0.12 |
| SBUX Starbucks Corp. | Add +19.6% | 0.44% | +0.12 |
| ICE Intercontinental Exchange Inc. | Add +13.1% | 0.42% | +0.12 |
| BSX Boston Scientific Corp. | Add +13.3% | 0.45% | +0.12 |
| UBER Uber Technologies Inc. | Add +3.3% | 0.48% | +0.12 |
| CBRE CBRE Group Inc. Class A | Add +942.5% | 0.12% | +0.11 |
| ANET Arista Networks Inc. | New | 0.11% | +0.11 |
| RCL Royal Caribbean Cruises Ltd. | Add +432.7% | 0.13% | +0.10 |
| SPOT Spotify Technology SA | Add +34.2% | 0.23% | +0.10 |
| VRTX Vertex Pharmaceuticals Inc. | Add +5.3% | 0.38% | +0.10 |
| CPRT Copart Inc. | Add +60.3% | 0.23% | +0.09 |
| JCI Johnson Controls Internation | Add +17.8% | 0.42% | +0.09 |
| LPLA LPL Financial Holdings Inc. | Add +325.0% | 0.11% | +0.09 |
| DXCM Dexcom Inc. | New | 0.09% | +0.09 |
| ORCL Oracle Corp. | Add +30.6% | 0.61% | +0.08 |
| MA Mastercard Inc. Class A | Add +0.1% | 0.86% | +0.08 |
| SNOW Snowflake Inc. | New | 0.08% | +0.08 |
| AFRM Affirm Holdings Inc. | New | 0.08% | +0.08 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +164.0% | 0.10% | +0.07 |
| ROKU Roku Inc. | New | 0.07% | +0.07 |
| SHOP Shopify Inc. Class A | Add +1635.9% | 0.07% | +0.07 |
| NET Cloudflare Inc. Class A | New | 0.07% | +0.07 |
Notes & Other Activity Q4 2024 → Q1 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 28,800 | $1.7M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 1,124,000 | $1.2M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -6.0% | 843 | $1.0M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -7.3% | 726 | $896K |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -9.3% | 971,000 | $836K |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +35.2% | 10,745 | $785K |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Reduce -18.2% | 713,000 | $720K |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 804,000 | $696K |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 549,000 | $668K |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Sold out | 720,000 | $666Kbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -16.6% | 551,000 | $663K |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -17.0% | 186,000 | $638K |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | New | 599,000 | $601K |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 122,000 | $565Kbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 530,000 | $561Kbefore exit |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | Sold out | 337,000 | $539Kbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +33.5% | 446,000 | $532K |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 391,000 | $503K |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +43.8% | 10,485 | $501K |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Sold out | 218,000 | $482Kbefore exit |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Reduce -25.1% | 203,000 | $481K |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | New | 477,000 | $461K |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Sold out | 366,000 | $460Kbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +51.1% | 352,000 | $450K |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 393,000 | $432Kbefore exit |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Reduce -30.7% | 174,000 | $428K |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 8,830 | $426K |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Sold out | 445,000 | $405Kbefore exit |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -15.5% | 350,000 | $379K |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Sold out | 458,000 | $377Kbefore exit |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Add +3.2% | 291,000 | $369K |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | New | 319,000 | $338K |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Sold out | 343,000 | $331Kbefore exit |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 283,000 | $331Kbefore exit |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | New | 281,000 | $328K |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Sold out | 229,000 | $325Kbefore exit |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Add +66.3% | 138,000 | $321K |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Sold out | 313,000 | $307Kbefore exit |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | Sold out | 328,000 | $305Kbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | New | 292,000 | $303K |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | New | 4,630 | $301K |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -45.7% | 127,000 | $298K |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -32.2% | 101,000 | $271K |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Sold out | 290,000 | $269Kbefore exit |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Sold out | 143,000 | $252Kbefore exit |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | New | 228,000 | $243K |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -33.8% | 106,000 | $213K |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | Add +53.6% | 86,000 | $212K |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | Reduce -31.3% | 156,000 | $206K |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | Sold out | 68,000 | $199Kbefore exit |
Showing the first 50 of 59.
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 | 823 | $947.9M | IVV, SPY, AAPL, DYNF, VCRB |
| Q1 2026 | 788 | $752.2M | IVV, AAPL, SPY, NVDA, MSFT |
| Q4 2025 | 776 | $785.4M | IVV, MSFT, AAPL, SPY, NVDA |
| Q3 2025 | 759 | $794.3M | IVV, MSFT, SPY, NVDA, AAPL |
| Q2 2025 | 768 | $753.2M | IVV, MSFT, SPY, IUSB, NVDA |
| Q1 2025 | 769 | $691.0M | IVV, SPY, AAPL, MSFT, IUSB |
| Q4 2024 | 803 | $731.0M | IVV, MSFT, SPY, AAPL, AMZN |
| Q3 2024 | 779 | $757.9M | IVV, MSFT, SPY, AAPL, NVDA |
| Q2 2024 | 858 | $800.6M | IVV, MSFT, AAPL, SPY, AMZN |
| Q1 2024 | 856 | $764.8M | IVV, MSFT, SPY, AMZN, AAPL |