Central Pacific Bank - Trust Division
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 2, 2025), Central Pacific Bank - Trust Division reported 759 stock positions worth $794.3 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.1% of the portfolio, followed by Microsoft (MSFT, 3.4%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.2%). Compared with Q2 2025, it opened 23 new positions, sold out of 32, added to 159 and reduced 225. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +8%) and the biggest sale F/M US Treasury 2 Year Note (UTWO, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- HONOLULU, HI
- CIK
- 0002020066
- Portfolio Value
- $794.3M (Q3 2025)
- SEC Filing
- 0002020066-25-000008 ↗ filed Oct 2, 2025
Holdings Value
Holdings 759 stocks · $794.3M
| IVV iShares Core S&P 500 ETF | 7.15% | 84,800 | $56.8M | Add +7.5% |
| MSFT Microsoft Corp. | 3.40% | 52,087 | $27.0M | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.20% | 38,171 | $25.4M | Reduce -1.8% |
| NVDA Nvidia Corp. | 2.52% | 107,174 | $20.0M | Reduce -1.2% |
| AAPL Apple Inc. | 2.37% | 74,048 | $18.9M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 2.03% | 73,445 | $16.1M | Reduce -1.2% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.97% | 334,286 | $15.6M | Reduce -14.7% |
| META Meta Platforms Inc. Class A | 1.37% | 14,838 | $10.9M | Reduce -0.8% |
| IEMG iShares Core MSCI Emerging | 1.24% | 149,143 | $9.8M | Add +50.4% |
| IYW iShares Ustechnology ETF | 1.16% | 47,107 | $9.2M | Add +0.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.15% | 104,461 | $9.1M | Reduce -1.0% |
| AVGO Broadcom Inc. | 0.98% | 23,552 | $7.8M | Reduce -7.2% |
| ORCL Oracle Corp. | 0.97% | 27,517 | $7.7M | Reduce -8.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.97% | 31,113 | $7.7M | Add +0.0% |
| SCHW Schwab (charles) Corp. | 0.96% | 79,586 | $7.6M | Reduce -2.9% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.89% | 119,731 | $7.1M | Add +1.2% |
| BSV Vanguard Short-Term Bond ETF | 0.88% | 88,533 | $7.0M | Add +14.5% |
| LLY Eli Lilly & Co. | 0.86% | 8,990 | $6.9M | Add +25.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.86% | 61,235 | $6.8M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 0.83% | 26,961 | $6.6M | Add +10.0% |
| VXUS Vanguard Total Intl Stock | 0.76% | 82,323 | $6.0M | Add +2.4% |
| GLW Corning Inc. | 0.73% | 71,147 | $5.8M | Reduce -2.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.73% | 9,598 | $5.8M | Add +0.0% |
| MA Mastercard Inc. Class A | 0.70% | 9,751 | $5.5M | Reduce -3.1% |
| RTX RTX Corp. | 0.66% | 31,351 | $5.2M | Reduce -2.5% |
| NSC Norfolk Southern Corp. | 0.65% | 17,243 | $5.2M | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 0.65% | 16,408 | $5.2M | Reduce -1.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.65% | 47,327 | $5.2M | Reduce -5.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.60% | 9,509 | $4.8M | Add +7.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.60% | 93,115 | $4.7M | Add +3.6% |
| IWM iShares Russell 2000 ETF | 0.59% | 19,526 | $4.7M | Add +0.3% |
| IWF iShares Russell 1000 Growth | 0.58% | 9,879 | $4.6M | Reduce -3.2% |
| BKNG Booking Holdings Inc. | 0.57% | 843 | $4.6M | Reduce -4.3% |
| GE General Electric filed as GE AEROSPACE | 0.57% | 15,021 | $4.5M | Reduce -7.3% |
| APH Amphenol Corp. Class A | 0.57% | 36,478 | $4.5M | Reduce -4.1% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.56% | 131,945 | $4.4M | Add +2.4% |
| XOM Exxon Mobil Corp. | 0.55% | 38,856 | $4.4M | Reduce -8.6% |
| UNH Unitedhealth Group Inc. | 0.54% | 12,525 | $4.3M | Add +227.7% |
| TEL Te Connectivity PLC | 0.54% | 19,545 | $4.3M | Reduce -3.5% |
| BLK BlackRock Inc. | 0.53% | 3,608 | $4.2M | Reduce -1.4% |
| PGR Progressive Corp. | 0.53% | 17,031 | $4.2M | Reduce -20.2% |
| AXP American Express Co. | 0.52% | 12,520 | $4.2M | Reduce -0.1% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.52% | 95,021 | $4.1M | Add +2.8% |
| RSP Invesco S&P 500 Equal Weight | 0.51% | 21,535 | $4.1M | Add +3.7% |
| BKLN Invesco Senior Loan ETF | 0.51% | 192,715 | $4.0M | Add +2.9% |
| UBER Uber Technologies Inc. | 0.50% | 40,212 | $3.9M | Reduce -4.0% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.49% | 73,376 | $3.9M | New |
| JCI Johnson Controls Internation | 0.48% | 34,956 | $3.8M | Reduce -4.6% |
| EFA iShares MSCI Eafe ETF | 0.48% | 40,537 | $3.8M | Reduce -3.6% |
| NFLX Netflix Inc. | 0.47% | 3,135 | $3.8M | Reduce -15.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.47% | 32,808 | $3.8M | Add +0.8% |
| ICVT iShares Convertible Bond ETF | 0.47% | 37,506 | $3.8M | Add +3.0% |
| NOW ServiceNow Inc. | 0.47% | 4,069 | $3.7M | Reduce -17.8% |
| PM Philip Morris International | 0.47% | 22,975 | $3.7M | Add +0.3% |
| APD Air Products & Chemicals Inc. | 0.47% | 13,545 | $3.7M | Reduce -0.2% |
| JBBB Janus Henderson B-BBB Clo Et | 0.46% | 75,215 | $3.6M | Add +3.4% |
| AMD Advanced Micro Devices | 0.45% | 22,028 | $3.6M | Reduce -8.2% |
| GOOG Alphabet Inc. Class C | 0.43% | 14,072 | $3.4M | Reduce -8.6% |
| IEF iShares 7-10 Year Treasury B | 0.43% | 35,355 | $3.4M | Add +4.7% |
| D Dominion Energy Inc. | 0.43% | 55,732 | $3.4M | Reduce -1.3% |
| TTWO Take-Two Interactive Softwre | 0.40% | 12,395 | $3.2M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.40% | 17,015 | $3.2M | Reduce -2.0% |
| ABBV Abbvie Inc. | 0.40% | 13,581 | $3.1M | Reduce -1.9% |
| DE Deere & Co. | 0.39% | 6,800 | $3.1M | No change |
| HD Home Depot Inc. | 0.39% | 7,616 | $3.1M | Reduce -11.3% |
| TXN Texas Instruments Inc. | 0.39% | 16,730 | $3.1M | Reduce -0.3% |
| PINS Pinterest Inc. Class A | 0.39% | 95,496 | $3.1M | Add +33.3% |
| MCK McKesson Corp. | 0.38% | 3,913 | $3.0M | Add +54.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.38% | 37,495 | $3.0M | Add +5.9% |
| BSX Boston Scientific Corp. | 0.38% | 30,507 | $3.0M | Reduce -0.8% |
| CVX Chevron Corp. | 0.37% | 19,104 | $3.0M | Reduce -1.6% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.37% | 44,785 | $2.9M | Reduce -22.8% |
| SONY Sony Group Corp. - SP ADR | 0.37% | 101,000 | $2.9M | No change |
| ORLY O'reilly Automotive Inc. | 0.36% | 26,548 | $2.9M | Reduce -3.5% |
| LOW Lowe's Cos Inc. | 0.36% | 11,308 | $2.8M | Reduce -0.2% |
| SDVY First Trust Smid Cap Rising | 0.35% | 72,800 | $2.8M | Add +3.6% |
| CSCO Cisco Systems Inc. | 0.35% | 40,098 | $2.7M | Reduce -1.4% |
| MO Altria Group Inc. | 0.34% | 40,970 | $2.7M | Add +13.0% |
| CMI Cummins Inc. | 0.34% | 6,334 | $2.7M | Add +635.7% |
| SNPS Synopsys Inc. | 0.33% | 5,290 | $2.6M | Add +71.0% |
| EWJ iShares MSCI Japan ETF | 0.32% | 31,805 | $2.6M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.32% | 2,630 | $2.5M | Reduce -3.9% |
| ICE Intercontinental Exchange Inc. | 0.32% | 15,022 | $2.5M | Reduce -3.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 17,324 | $2.5M | Reduce -3.9% |
| FAST Fastenal Co. | 0.32% | 51,038 | $2.5M | Reduce -0.1% |
| STT State Street Corp. | 0.31% | 21,325 | $2.5M | Reduce -1.3% |
| CVS CVS Health Corp. | 0.31% | 32,700 | $2.5M | Reduce -0.9% |
| INTU Intuit Inc. | 0.31% | 3,603 | $2.5M | Reduce -3.8% |
| CR Crane Co. | 0.31% | 13,350 | $2.5M | Reduce -0.7% |
| WFC Wells Fargo & Co. | 0.31% | 29,153 | $2.4M | Reduce -14.1% |
| CBRE CBRE Group Inc. Class A | 0.30% | 15,325 | $2.4M | Add +59.2% |
| NOC Northrop Grumman Corp. | 0.30% | 3,933 | $2.4M | Reduce -0.1% |
| GS Goldman Sachs Group Inc. | 0.30% | 2,980 | $2.4M | Reduce -11.4% |
| ITT Itt Inc. | 0.29% | 12,812 | $2.3M | Reduce -0.5% |
| HDEF Xtrackers MSCI Eafe High Div | 0.29% | 77,310 | $2.3M | Add +4.8% |
| IJR iShares Core S&P Small-Cap E | 0.29% | 19,068 | $2.3M | Add +10.4% |
| KBWB Invesco KBW Bank ETF | 0.28% | 28,440 | $2.2M | Reduce -46.2% |
| GATX Gatx Corp. | 0.28% | 12,500 | $2.2M | Reduce -5.3% |
| SPOT Spotify Technology SA | 0.27% | 3,128 | $2.2M | Reduce -5.6% |
| PAYX Paychex Inc. | 0.27% | 17,149 | $2.2M | Add +1.6% |
Other holdings (71): bonds, preferreds, convertibles and warrants · $32.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 28,755 | $2.0M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 454,000 | $1.3M | Reduce -20.1% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,015,000 | $1.2M | Reduce -22.2% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 368,000 | $1.2M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 843 | $1.0M | No change |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 232,000 | $1.0M | Reduce -15.3% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 540,000 | $992K | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 626 | $801K | Reduce -13.8% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 15,280 | $800K | Add +35.2% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 692,000 | $758K | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 599,000 | $746K | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 504,000 | $741K | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 10,055 | $683K | Reduce -5.3% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 726,000 | $667K | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 11,015 | $650K | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 9,200 | $647K | Reduce -19.1% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 424,000 | $646K | Reduce -20.6% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 569,000 | $640K | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 513,000 | $584K | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 484,000 | $552K | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 10,955 | $544K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 292,000 | $491K | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 386,000 | $485K | No change |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 4,630 | $468K | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 344,000 | $468K | Reduce -28.6% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 387,000 | $464K | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 101,000 | $452K | No change |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 295,000 | $451K | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 339,000 | $450K | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 317,000 | $445K | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 162,000 | $391K | Reduce -49.1% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 319,000 | $389K | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 350,000 | $376K | No change |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 6,820 | $375K | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 224,000 | $368K | Reduce -39.1% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 286,000 | $367K | No change |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 279,000 | $363K | No change |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 269,000 | $343K | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 9,020 | $342K | Reduce -12.2% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 249,000 | $342K | Add +39.1% |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 171,000 | $328K | No change |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 327,000 | $323K | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 288,000 | $309K | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 257,000 | $305K | No change |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 125,000 | $300K | Reduce -32.8% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 262,000 | $299K | No change |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 249,000 | $292K | No change |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 205,000 | $284K | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 209,000 | $270K | Reduce -27.9% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 267,000 | $268K | No change |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 189,000 | $254K | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 77,000 | $241K | Reduce -39.4% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 240,000 | $240K | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 166,000 | $240K | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 80,000 | $227K | Reduce -48.0% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 157,000 | $215K | Reduce -52.6% |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 72,000 | $212K | New |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 89,000 | $199K | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 201,000 | $198K | Reduce -71.8% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 175,000 | $188K | No change |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 182,000 | $173K | No change |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 1,530 | $145K | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 102,000 | $132K | Add +59.4% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 134,000 | $128K | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 121,000 | $127K | Reduce -41.3% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 133,000 | $122K | No change |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 87,000 | $112K | Reduce -66.2% |
| AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) | NOTE 4.250% 2/1 · principal | 100,000 | $95K | New |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 65,000 | $67K | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 910 | $65K | Reduce -63.5% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 52,000 | $52K | No change |
Total filed on the 13F, all lines: $826.7M.
Portfolio Sells Q2 2025 → Q3 2025
| UTWO F/M US Treasury 2 Year Note | Reduce -88.5% | 0.09% | −0.75 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -14.7% | 1.97% | −0.44 |
| QUAL iShares MSCI USA Quality Fac | Reduce -92.0% | 0.04% | −0.43 |
| FIS Fidelity National Info Serv | Reduce -69.4% | 0.10% | −0.33 |
| CRM Salesforce Inc. | Reduce -54.1% | 0.15% | −0.25 |
| ISRG Intuitive Surgical Inc. | Reduce -34.6% | 0.25% | −0.24 |
| PGR Progressive Corp. | Reduce -20.2% | 0.53% | −0.23 |
| KBWB Invesco KBW Bank ETF | Reduce -46.2% | 0.28% | −0.22 |
| NOW ServiceNow Inc. | Reduce -17.8% | 0.47% | −0.20 |
| TW Tradeweb Markets Inc. Class A | Sold out | 0.00% | −0.18 |
| NFLX Netflix Inc. | Reduce -15.0% | 0.47% | −0.18 |
| INDA iShares MSCI India ETF | Reduce -100.0% | 0.00% | −0.18 |
| DEO Diageo PLC-Sponsored ADR | Reduce -90.9% | 0.01% | −0.15 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 2.03% | −0.14 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.12 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.12 |
| TEVA Teva Pharmaceutical-SP ADR | Sold out | 0.00% | −0.12 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.12 |
| PARAA Paramount Global Class A | Sold out | 0.00% | −0.12 |
| EQT Eqt Corp. | Reduce -62.2% | 0.06% | −0.11 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.11 |
| BKNG Booking Holdings Inc. | Reduce -4.3% | 0.57% | −0.10 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -22.8% | 0.37% | −0.10 |
| AMT American Tower Corp. | Reduce -91.4% | 0.01% | −0.10 |
| META Meta Platforms Inc. Class A | Reduce -0.8% | 1.37% | −0.09 |
| INTU Intuit Inc. | Reduce -3.8% | 0.31% | −0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -10.0% | 0.25% | −0.08 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.08 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -0.3% | 0.39% | −0.08 |
| IOT Samsara Inc. Class A | Reduce -94.5% | 0.00% | −0.07 |
| BSX Boston Scientific Corp. | Reduce -0.8% | 0.38% | −0.06 |
| SPOT Spotify Technology SA | Reduce -5.6% | 0.27% | −0.06 |
| ICE Intercontinental Exchange Inc. | Reduce -3.9% | 0.32% | −0.06 |
| MSFT Microsoft Corp. | Reduce -0.5% | 3.40% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -8.6% | 0.55% | −0.06 |
| WFC Wells Fargo & Co. | Reduce -14.1% | 0.31% | −0.05 |
| LPLA LPL Financial Holdings Inc. | Reduce -17.4% | 0.12% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -3.1% | 0.70% | −0.05 |
| APD Air Products & Chemicals Inc. | Reduce -0.2% | 0.47% | −0.04 |
| SBUX Starbucks Corp. | Reduce -0.1% | 0.26% | −0.04 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.04 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -2.9% | 0.96% | −0.04 |
| NVRI Enviri Corp. | Sold out | 0.00% | −0.04 |
| BBY Best Buy Co. Inc. | Reduce -77.9% | 0.01% | −0.03 |
| V Visa Inc. Class A | Reduce -3.6% | 0.24% | −0.03 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -10.9% | 0.08% | −0.03 |
| JCI Johnson Controls Internation | Reduce -4.6% | 0.48% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Add +7.5% | 7.15% | +0.65 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.49% | +0.49 |
| IEMG iShares Core MSCI Emerging | Add +50.4% | 1.24% | +0.45 |
| UNH Unitedhealth Group Inc. | Add +227.7% | 0.54% | +0.39 |
| EWJ iShares MSCI Japan ETF | New | 0.32% | +0.32 |
| CMI Cummins Inc. | Add +635.7% | 0.34% | +0.30 |
| GOOGL Alphabet Inc. Class A | Add +10.0% | 0.83% | +0.25 |
| COR Cencora Inc. | Add +654.6% | 0.16% | +0.14 |
| VMC Vulcan Materials Co. | New | 0.14% | +0.14 |
| DHI D.R. Horton Inc. | New | 0.13% | +0.13 |
| MCK McKesson Corp. | Add +54.4% | 0.38% | +0.13 |
| APP AppLovin Corp. Class A | Add +19.9% | 0.23% | +0.13 |
| CBRE CBRE Group Inc. Class A | Add +59.2% | 0.30% | +0.12 |
| LLY Eli Lilly & Co. | Add +25.8% | 0.86% | +0.12 |
| ULS Ul Solutions Inc. Class A | New | 0.12% | +0.12 |
| SNPS Synopsys Inc. | Add +71.0% | 0.33% | +0.12 |
| NKE Nike Inc. Class B | New | 0.12% | +0.12 |
| BAC Bank of America Corp. | Add +128.4% | 0.19% | +0.11 |
| URI United Rentals Inc. | Add +408.2% | 0.12% | +0.10 |
| TSLA Tesla Inc. | Add +42.9% | 0.21% | +0.10 |
| ANET Arista Networks Inc. | Add +28.3% | 0.22% | +0.09 |
| ALAB Astera Labs Inc. | New | 0.09% | +0.09 |
| IYW iShares Ustechnology ETF | Add +0.5% | 1.16% | +0.08 |
| AFRM Affirm Holdings Inc. | New | 0.08% | +0.08 |
| BX Blackstone Inc. | Add +42.5% | 0.21% | +0.08 |
| BSV Vanguard Short-Term Bond ETF | Add +14.5% | 0.88% | +0.07 |
| SYM Symbotic Inc. | New | 0.06% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | New | 0.06% | +0.06 |
| MO Altria Group Inc. | Add +13.0% | 0.34% | +0.06 |
| SHOP Shopify Inc. Class A | Add +39.9% | 0.13% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +24.7% | 0.17% | +0.05 |
| PINS Pinterest Inc. Class A | Add +33.3% | 0.39% | +0.05 |
| MSI Motorola Solutions Inc. | Add +25.1% | 0.19% | +0.04 |
| LHX L3HARRIS Technologies Inc. | Add +108.1% | 0.07% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +0.3% | 0.59% | +0.04 |
| ICVT iShares Convertible Bond ETF | Add +3.0% | 0.47% | +0.04 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +1.2% | 0.89% | +0.04 |
| MPWR Monolithic Power Systems Inc. | Add +13.0% | 0.14% | +0.04 |
| AZO AutoZone Inc. | Add +16.4% | 0.17% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +10.4% | 0.29% | +0.03 |
| CXT Crane NXT Co. | Add +232.9% | 0.04% | +0.03 |
| MRK Merck & Co. Inc. | Add +169.6% | 0.05% | +0.03 |
| IBM Intl Business Machines Corp. | Add +100.9% | 0.07% | +0.03 |
| AON Aon PLC Class A | New | 0.03% | +0.03 |
| URA Global X Uranium ETF | Add +4.7% | 0.17% | +0.03 |
| CON Concentra Group Holdings Par | New | 0.03% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.3% | 0.60% | +0.03 |
| QQQM Invesco Nasdaq 100 ETF | Add +0.0% | 0.97% | +0.03 |
| ADM Archer-Daniels-Midland Co. | Add +21.0% | 0.11% | +0.03 |
| CHWY Chewy Inc. Class A | Add +52.5% | 0.09% | +0.03 |
Notes & Other Activity Q2 2025 → Q3 2025
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -20.1% | 454,000 | $1.3M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Reduce -22.2% | 1,015,000 | $1.2M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | Sold out | 606,000 | $1.1Mbefore exit |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Reduce -15.3% | 232,000 | $1.0M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 540,000 | $992K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -13.8% | 626 | $801K |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +35.2% | 15,280 | $800K |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 692,000 | $758K |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -5.3% | 10,055 | $683K |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -19.1% | 9,200 | $647K |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Reduce -20.6% | 424,000 | $646K |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Sold out | 344,000 | $484Kbefore exit |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -28.6% | 344,000 | $468K |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | New | 387,000 | $464K |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | New | 295,000 | $451K |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 291,000 | $409Kbefore exit |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Reduce -49.1% | 162,000 | $391K |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | New | 6,820 | $375K |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Reduce -39.1% | 224,000 | $368K |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 269,000 | $343K |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -12.2% | 9,020 | $342K |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Add +39.1% | 249,000 | $342K |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 288,000 | $309K |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | Reduce -32.8% | 125,000 | $300K |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Sold out | 245,000 | $280Kbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -27.9% | 209,000 | $270K |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | Sold out | 227,000 | $269Kbefore exit |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | Sold out | 224,000 | $259Kbefore exit |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -39.4% | 77,000 | $241K |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Reduce -48.0% | 80,000 | $227K |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | Sold out | 194,000 | $222Kbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -52.6% | 157,000 | $215K |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | New | 72,000 | $212K |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | New | 89,000 | $199K |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Reduce -71.8% | 201,000 | $198K |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Sold out | 73,000 | $155Kbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 1,530 | $145K |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Add +59.4% | 102,000 | $132K |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -41.3% | 121,000 | $127K |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | Sold out | 119,000 | $118Kbefore exit |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Reduce -66.2% | 87,000 | $112K |
| AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) | NOTE 4.250% 2/1 · principal | New | 100,000 | $95K |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Sold out | 80,000 | $79Kbefore exit |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | New | 65,000 | $67K |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -63.5% | 910 | $65K |
| AP.WS Ampco-Pittsburgh Corp. -CW25 | *W EXP 08/01/202 | Sold out | 14,000 | $277before 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 | 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 |