Central Pacific Bank - Trust Division

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 7, 2026), Central Pacific Bank - Trust Division reported 776 stock positions worth $785.4 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 7.9% of the portfolio, followed by Microsoft (MSFT, 3.1%) and Apple (AAPL, 2.8%). Compared with Q3 2025, it opened 64 new positions, sold out of 47, added to 172 and reduced 254. The biggest buy was Alphabet Class A (GOOGL, shares +65%) and the biggest sale Oracle (ORCL, shares −85%).

Most Recent 13F
Q3 2026
Location
HONOLULU, HI
CIK
0002020066
Portfolio Value
$785.4M (Q4 2025)
SEC Filing
0002020066-26-000001 ↗ filed Jan 7, 2026

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 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 $785.4M Q4 2025 Q1 2026: $752.2M Q1 2026 Q2 2026: $947.9M Q2 2026 Q3 2026: $911.1M Q3 2026

Holdings 776 stocks · $785.4M
IVV iShares Core S&P 500 ETF 7.91% 90,683 $62.1M Add +6.9%
MSFT Microsoft Corp. 3.14% 51,042 $24.7M Reduce -2.0%
AAPL Apple Inc. 2.85% 82,268 $22.4M Add +11.1%
SPY SS SPDR S&P 500 ETF Trust-US 2.62% 30,225 $20.6M Reduce -20.8%
NVDA Nvidia Corp. 2.45% 103,198 $19.2M Reduce -3.7%
AMZN Amazon.com Inc. 2.12% 71,968 $16.6M Reduce -2.0%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 1.98% 334,001 $15.5M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.77% 44,479 $13.9M Add +65.0%
LLY Eli Lilly & Co. 1.20% 8,773 $9.4M Reduce -2.4%
IEMG iShares Core MSCI Emerging 1.17% 136,426 $9.2M Reduce -8.5%
IEFA iShares Core MSCI Eafe ETF 1.15% 101,050 $9.0M Reduce -3.3%
QQQM Invesco Nasdaq 100 ETF 1.14% 35,540 $9.0M Add +14.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.12% 79,960 $8.8M Add +30.6%
IYW iShares Ustechnology ETF 1.07% 42,244 $8.4M Reduce -10.3%
DYNF Ishrs US E F R A ETF-Usd Inc. 1.06% 137,546 $8.4M Add +14.9%
AVGO Broadcom Inc. 0.99% 22,409 $7.8M Reduce -4.8%
SCHW Schwab (charles) Corp. 0.90% 70,553 $7.0M Reduce -11.3%
BSV Vanguard Short-Term Bond ETF 0.85% 84,724 $6.7M Reduce -4.3%
VXUS Vanguard Total Intl Stock 0.79% 82,323 $6.2M No change
GLW Corning Inc. 0.75% 67,223 $5.9M Reduce -5.5%
APH Amphenol Corp. Class A 0.69% 40,367 $5.5M Add +10.7%
JPM JPMorgan Chase & Co. 0.67% 16,353 $5.3M Reduce -0.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.67% 45,026 $5.2M Reduce -4.9%
BINC iShares Flex I A ETF-Usd Inc. 0.65% 97,223 $5.1M Add +32.5%
RTX RTX Corp. 0.65% 27,685 $5.1M Reduce -11.7%
META Meta Platforms Inc. Class A 0.64% 7,671 $5.1M Reduce -48.3%
AXP American Express Co. 0.63% 13,289 $4.9M Add +6.1%
QQQ Invesco QQQ Trust Series 1 0.62% 7,982 $4.9M Reduce -16.8%
JAAA Janus Henderson Aaa Clo ETF 0.60% 93,462 $4.7M Add +0.4%
NSC Norfolk Southern Corp. 0.60% 16,353 $4.7M Reduce -5.2%
IWF iShares Russell 1000 Growth 0.60% 9,875 $4.7M Reduce -0.0%
XOM Exxon Mobil Corp. 0.59% 38,543 $4.6M Reduce -0.8%
BRK.B Berkshire Hathaway Inc. Class B 0.59% 9,158 $4.6M Reduce -3.7%
BUFR FT Vest Lad Buffervetf-Usd I 0.58% 131,945 $4.5M No change
GOOG Alphabet Inc. Class C 0.56% 14,074 $4.4M Add +0.0%
GE General Electric filed as GE AEROSPACE 0.56% 14,173 $4.4M Reduce -5.7%
BKNG Booking Holdings Inc. 0.56% 814 $4.4M Reduce -3.4%
JCI Johnson Controls Internation 0.55% 36,326 $4.4M Add +3.9%
TEL Te Connectivity PLC 0.54% 18,696 $4.3M Reduce -4.3%
IWM iShares Russell 2000 ETF 0.53% 17,056 $4.2M Reduce -12.7%
ICVT iShares Convertible Bond ETF 0.53% 41,909 $4.1M Add +11.7%
RSP Invesco S&P 500 Equal Weight 0.53% 21,535 $4.1M No change
AMD Advanced Micro Devices 0.50% 18,297 $3.9M Reduce -16.9%
V Visa Inc. Class A 0.48% 10,848 $3.8M Add +93.8%
BLK BlackRock Inc. 0.47% 3,415 $3.7M Reduce -5.3%
BKLN Invesco Senior Loan ETF 0.46% 173,085 $3.6M Reduce -10.2%
MA Mastercard Inc. Class A 0.46% 6,335 $3.6M Reduce -35.0%
UNH Unitedhealth Group Inc. 0.45% 10,807 $3.6M Reduce -13.7%
SPHY SS SPDR P High Yield ETF 0.45% 149,685 $3.5M New
JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F 0.45% 69,050 $3.5M New
PM Philip Morris International 0.45% 21,916 $3.5M Reduce -4.6%
WMT Walmart Inc. 0.43% 30,249 $3.4M Add +49.0%
UBER Uber Technologies Inc. 0.42% 40,408 $3.3M Add +0.5%
JNJ Johnson & Johnson 0.42% 15,941 $3.3M Reduce -6.3%
APD Air Products & Chemicals Inc. 0.41% 12,944 $3.2M Reduce -4.4%
DE Deere & Co. 0.40% 6,800 $3.2M No change
EFA iShares MSCI Eafe ETF 0.40% 32,568 $3.1M Reduce -19.7%
ABBV Abbvie Inc. 0.39% 13,552 $3.1M Reduce -0.2%
D Dominion Energy Inc. 0.39% 52,638 $3.1M Reduce -5.5%
SNPS Synopsys Inc. 0.39% 6,481 $3.0M Add +22.5%
VCSH Vanguard S/T Corp. Bond ETF 0.38% 37,812 $3.0M Add +0.8%
ACWX iShares MSCI Acwi Ex US ETF 0.38% 44,785 $3.0M No change
MCK McKesson Corp. 0.38% 3,646 $3.0M Reduce -6.8%
CMI Cummins Inc. 0.38% 5,858 $3.0M Reduce -7.5%
CSCO Cisco Systems Inc. 0.37% 37,516 $2.9M Reduce -6.4%
ASML ASML Holding NV-NY Reg SHS 0.36% 2,642 $2.8M Add +0.5%
SDVY First Trust Smid Cap Rising 0.36% 72,800 $2.8M No change
CVX Chevron Corp. 0.35% 18,183 $2.8M Reduce -4.8%
TXN Texas Instruments Inc. 0.35% 15,876 $2.8M Reduce -5.1%
BSX Boston Scientific Corp. 0.35% 28,514 $2.7M Reduce -6.5%
IJR iShares Core S&P Small-Cap E 0.35% 22,582 $2.7M Add +18.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.34% 17,408 $2.7M Add +0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.34% 23,448 $2.7M Reduce -28.5%
STT State Street Corp. 0.34% 20,475 $2.6M Reduce -4.0%
WFC Wells Fargo & Co. 0.33% 28,178 $2.6M Reduce -3.3%
PGR Progressive Corp. 0.33% 11,525 $2.6M Reduce -32.3%
LOW Lowe's Cos Inc. 0.33% 10,646 $2.6M Reduce -5.8%
SONY Sony Group Corp. - SP ADR 0.33% 100,000 $2.6M Reduce -1.0%
IBB iShares Biotechnology ETF 0.32% 14,830 $2.5M Add +296500.0%
IEF iShares 7-10 Year Treasury B 0.32% 25,880 $2.5M Reduce -26.8%
PINS Pinterest Inc. Class A 0.32% 95,960 $2.5M Add +0.5%
ISRG Intuitive Surgical Inc. 0.32% 4,386 $2.5M Add +0.5%
GS Goldman Sachs Group Inc. 0.31% 2,805 $2.5M Reduce -5.9%
CR Crane Co. 0.31% 13,350 $2.5M No change
ORLY O'reilly Automotive Inc. 0.31% 26,972 $2.5M Add +1.6%
ICE Intercontinental Exchange Inc. 0.31% 15,136 $2.5M Add +0.8%
TTWO Take-Two Interactive Softwre 0.31% 9,379 $2.4M Reduce -24.3%
INTU Intuit Inc. 0.31% 3,621 $2.4M Add +0.5%
KBWB Invesco KBW Bank ETF 0.31% 28,440 $2.4M No change
CVS CVS Health Corp. 0.30% 29,600 $2.3M Reduce -9.5%
MO Altria Group Inc. 0.29% 39,815 $2.3M Reduce -2.8%
VRTX Vertex Pharmaceuticals Inc. 0.29% 5,026 $2.3M Add +0.5%
CBRE CBRE Group Inc. Class A 0.28% 13,730 $2.2M Reduce -10.4%
ITT Itt Inc. 0.28% 12,592 $2.2M Reduce -1.7%
TXT Textron Inc. 0.28% 24,950 $2.2M No change
MCHP Microchip Technology Inc. 0.27% 33,378 $2.1M Add +0.2%
GATX Gatx Corp. 0.27% 12,500 $2.1M No change
TSLA Tesla Inc. 0.27% 4,694 $2.1M Add +27.4%
NOC Northrop Grumman Corp. 0.27% 3,691 $2.1M Reduce -6.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 36,703 $2.0M Add +22.8%

Show all 776 holdings

Other holdings (61): bonds, preferreds, convertibles and warrants · $30.0M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 28,755$2.0MNo change
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 340,000$1.6MReduce -7.6%
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 1,015,000$1.3MNo change
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 326,000$1.1MReduce -28.2%
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal 728,000$1.1MNew
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 843$1.0MNo change
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 692,000$883KNo change
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 726,000$813KNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 626$784KNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 595,000$772KAdd +18.1%
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 12,850$763KAdd +42.5%
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 599,000$703KNo change
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 458,000$649KAdd +33.1%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 12,385$642KReduce -18.9%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 11,015$642KNo change
WEC ENERGY GROUP INC (WEC 4.375 06/01/27) NOTE 4.375% 6/0 · principal 566,000$639KAdd +46.3%
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 513,000$611KNo change
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) UNIT 02/01/2027 4,630$584KNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 7,180$542KReduce -22.0%
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal 493,000$535KNew
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 343,000$533KReduce -36.5%
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 460,000$478KNew
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal 295,000$471KNo change
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 6,685$446KReduce -33.5%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 339,000$429KNo change
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal 318,000$423KNew
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 317,000$421KNo change
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 406,000$417KNew
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 101,000$416KNo change
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 250,000$416KReduce -41.0%
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 386,000$395KNo change
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD 6,820$376KNo change
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 350,000$361KNo change
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 346,000$356KReduce -28.5%
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 249,000$347KNo change
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) NOTE 1.500% 9/1 · principal 227,000$336KReduce -20.6%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 205,000$336KNo change
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal 153,000$332KNew
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 269,000$331KNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 224,000$329KNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 125,000$322KNo change
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 5,940$299KReduce -45.8%
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 209,000$295KNo change
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 257,000$293KNo change
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal 267,000$292KNo change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 262,000$288KNo change
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal 189,000$280KNo change
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 250,000$279KNew
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 180,000$278KNew
BOX INC (BOX 1.5 09/15/29) NOTE 1.500% 9/1 · principal 248,000$241KNew
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 240,000$231KNo change
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) NOTE 4.750%10/1 · principal 87,000$204KReduce -49.1%
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal 139,000$186KNew
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 175,000$182KNo change
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 157,000$178KNo change
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 182,000$175KNo change
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal 89,000$148KNo change
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF 1,530$122KNo change
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 133,000$119KNo change
PENNYMAC CORP (PMT 8.5 06/01/29) NOTE 8.500% 6/0 · principal 65,000$69KNo change
TWO HARBORS INV CORP (TWO 6.25 01/15/26) NOTE 6.250% 1/1 · principal 52,000$52KNo change

Total filed on the 13F, all lines: $815.5M.

Portfolio Sells Q3 2025 → Q4 2025
ORCL Oracle Corp. Reduce -85.2% 0.10% −0.87
META Meta Platforms Inc. Class A Reduce -48.3% 0.64% −0.73
SPY SS SPDR S&P 500 ETF Trust-US Reduce -20.8% 2.62% −0.58
SHYG iShares 0-5 YR HY Corp. Bond Reduce -91.3% 0.05% −0.47
NFLX Netflix Inc. Reduce -42.5% 0.22% −0.26
MSFT Microsoft Corp. Reduce -2.0% 3.14% −0.25
NOW ServiceNow Inc. Reduce -41.3% 0.23% −0.24
MA Mastercard Inc. Class A Reduce -35.0% 0.46% −0.24
JBBB Janus Henderson B-BBB Clo Et Reduce -50.8% 0.22% −0.23
BX Blackstone Inc. Sold out 0.00% −0.21
PGR Progressive Corp. Reduce -32.3% 0.33% −0.20
URA Global X Uranium ETF Sold out 0.00% −0.17
EME Emcor Group Inc. Reduce -97.1% 0.00% −0.15
HD Home Depot Inc. Reduce -29.4% 0.24% −0.15
SPOT Spotify Technology SA Reduce -44.5% 0.13% −0.15
BA The Boeing Co. Sold out 0.00% −0.14
DHI D.R. Horton Inc. Sold out 0.00% −0.13
DIS The Walt Disney Co. Reduce -28.5% 0.34% −0.13
KKR KKR & Co. Inc. Sold out 0.00% −0.13
NKE Nike Inc. Class B Sold out 0.00% −0.12
IEF iShares 7-10 Year Treasury B Reduce -26.8% 0.32% −0.11
WCN Waste Connections Inc. Reduce -85.1% 0.02% −0.11
QQQ Invesco QQQ Trust Series 1 Reduce -16.8% 0.62% −0.10
RBLX Roblox Corp. Class A Sold out 0.00% −0.10
TTWO Take-Two Interactive Softwre Reduce -24.3% 0.31% −0.10
CHWY Chewy Inc. Class A Sold out 0.00% −0.09
EWJ iShares MSCI Japan ETF Reduce -30.6% 0.23% −0.09
UNH Unitedhealth Group Inc. Reduce -13.7% 0.45% −0.09
UTWO F/M US Treasury 2 Year Note Reduce -96.5% 0.00% −0.09
IYW iShares Ustechnology ETF Reduce -10.3% 1.07% −0.09
HDEF Xtrackers MSCI Eafe High Div Reduce -34.1% 0.20% −0.09
ZBH Zimmer Biomet Holdings Inc. Reduce -36.5% 0.11% −0.08
EFA iShares MSCI Eafe ETF Reduce -19.7% 0.40% −0.08
PAYX Paychex Inc. Reduce -17.9% 0.20% −0.07
FAST Fastenal Co. Reduce -6.1% 0.24% −0.07
IEMG iShares Core MSCI Emerging Reduce -8.5% 1.17% −0.07
NVDA Nvidia Corp. Reduce -3.7% 2.45% −0.07
AZO AutoZone Inc. Reduce -25.2% 0.10% −0.07
RCL Royal Caribbean Cruises Ltd. Reduce -29.0% 0.10% −0.06
BLK BlackRock Inc. Reduce -5.3% 0.47% −0.06
URI United Rentals Inc. Reduce -44.9% 0.06% −0.06
DIOD Diodes Inc. Sold out 0.00% −0.06
COIN Coinbase Global Inc. Class A Reduce -20.5% 0.07% −0.06
IWM iShares Russell 2000 ETF Reduce -12.7% 0.53% −0.06
SCHW Schwab (charles) Corp. Reduce -11.3% 0.90% −0.06
APD Air Products & Chemicals Inc. Reduce -4.4% 0.41% −0.06
EMXC iShares MSCI Emr MRK Ex Chna Sold out 0.00% −0.06
HEFA Isha Curr Hedged MSCI Eafe Sold out 0.00% −0.05
CEG Constellation Energy Reduce -28.3% 0.18% −0.05
CNH CNH Industrial NV Reduce -48.8% 0.04% −0.05

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +65.0% 1.77% +0.95
IVV iShares Core S&P 500 ETF Add +6.9% 7.91% +0.76
AAPL Apple Inc. Add +11.1% 2.85% +0.47
SPHY SS SPDR P High Yield ETF New 0.45% +0.45
JMTG Mortgage-Backed Securities New 0.45% +0.45
IBB iShares Biotechnology ETF Add +296500.0% 0.32% +0.32
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +30.6% 1.12% +0.26
V Visa Inc. Class A Add +93.8% 0.48% +0.24
IEI iShares 3-7 Year Treasury Bo New 0.18% +0.18
QQQM Invesco Nasdaq 100 ETF Add +14.2% 1.14% +0.18
DYNF Ishrs US E F R A ETF-Usd Inc. Add +14.9% 1.06% +0.17
CAT Caterpillar Inc. Add +238.2% 0.23% +0.17
WMT Walmart Inc. Add +49.0% 0.43% +0.17
BINC iShares Flex I A ETF-Usd Inc. Add +32.5% 0.65% +0.16
MS Morgan Stanley Add +207.0% 0.19% +0.14
GOOG Alphabet Inc. Class C Add +0.0% 0.56% +0.13
APH Amphenol Corp. Class A Add +10.7% 0.69% +0.13
FIX Comfort Systems USA Inc. New 0.12% +0.12
AZN Astrazeneca PLC-Spons ADR New 0.12% +0.12
EFV iShares MSCI Eafe Value ETF New 0.12% +0.12
FICO Fair Isaac Corp. New 0.11% +0.11
VRT Vertiv Holdings Co. Class A Add +444.4% 0.12% +0.10
AXP American Express Co. Add +6.1% 0.63% +0.10
BBIO Bridgebio Pharma Inc. New 0.10% +0.10
EW Edwards Lifesciences Corp. New 0.10% +0.10
RDDT Reddit Inc. Class A Add +388.5% 0.12% +0.10
EFG iShares MSCI Eafe Growth ETF New 0.09% +0.09
MCD McDonald's Corp. Add +72.0% 0.19% +0.08
RACE Ferrari NV Add +823.3% 0.09% +0.08
ISRG Intuitive Surgical Inc. Add +0.5% 0.32% +0.07
JCI Johnson Controls Internation Add +3.9% 0.55% +0.07
BAC Bank of America Corp. Add +22.8% 0.26% +0.06
TSLA Tesla Inc. Add +27.4% 0.27% +0.06
IJR iShares Core S&P Small-Cap E Add +18.4% 0.35% +0.06
SNPS Synopsys Inc. Add +22.5% 0.39% +0.06
ICVT iShares Convertible Bond ETF Add +11.7% 0.53% +0.05
IVE iShares S&P 500 Value ETF Add +87.6% 0.11% +0.05
BN Brookfield Corp. New 0.05% +0.05
EQT Eqt Corp. Add +88.8% 0.10% +0.05
DGRO iShares Core Dividend Growth Add +75.3% 0.10% +0.05
VRTX Vertex Pharmaceuticals Inc. Add +0.5% 0.29% +0.04
ZETA Zeta Global Holdings Corp. Class A Add +451.2% 0.05% +0.04
ROST Ross Stores Inc. Add +0.5% 0.24% +0.04
NOVT Novanta Inc. New 0.04% +0.04
ASML ASML Holding NV-NY Reg SHS Add +0.5% 0.36% +0.04
AMGN Amgen Inc. Add +172.8% 0.06% +0.04
HAE Haemonetics Corp. Add +2.2% 0.09% +0.04
AON Aon PLC Class A Add +113.3% 0.07% +0.04
RRX Regal Rexnord Corp. New 0.04% +0.04
NTRA Natera Inc. Add +5.2% 0.10% +0.03

Notes & Other Activity Q3 2025 → Q4 2025
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Reduce -7.6% 340,000 $1.6M
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Reduce -28.2% 326,000 $1.1M
SNOWFLAKE INC (SNOW 0 10/01/27) NOTE 10/0 · principal New 728,000 $1.1M
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal Sold out 232,000 $1.0Mbefore exit
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Add +18.1% 595,000 $772K
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +42.5% 12,850 $763K
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal Add +33.1% 458,000 $649K
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Reduce -18.9% 12,385 $642K
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal Sold out 569,000 $640Kbefore exit
WEC ENERGY GROUP INC (WEC 4.375 06/01/27) NOTE 4.375% 6/0 · principal Add +46.3% 566,000 $639K
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -22.0% 7,180 $542K
AEROVIRONMENT INC (AVAV 0 07/15/30) NOTE 7/1 · principal New 493,000 $535K
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Reduce -36.5% 343,000 $533K
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal Sold out 292,000 $491Kbefore exit
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal New 460,000 $478K
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Reduce -33.5% 6,685 $446K
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal New 318,000 $423K
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal New 406,000 $417K
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal Reduce -41.0% 250,000 $416K
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Sold out 162,000 $391Kbefore exit
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Sold out 319,000 $389Kbefore exit
GUARDANT HEALTH INC (GH 1.25 02/15/31) DEBT 1.250% 2/1 · principal Sold out 279,000 $363Kbefore exit
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal Reduce -28.5% 346,000 $356K
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) NOTE 1.500% 9/1 · principal Reduce -20.6% 227,000 $336K
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal New 153,000 $332K
FUBOTV INC (FUBO 3.25 02/15/26) NOTE 3.250% 2/1 · principal Sold out 327,000 $323Kbefore exit
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal Sold out 288,000 $309Kbefore exit
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Reduce -45.8% 5,940 $299K
IMAX CORP (IMAX 0.5 04/01/26) NOTE 0.500% 4/0 · principal Sold out 249,000 $292Kbefore exit
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal New 250,000 $279K
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal New 180,000 $278K
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal Sold out 77,000 $241Kbefore exit
BOX INC (BOX 1.5 09/15/29) NOTE 1.500% 9/1 · principal New 248,000 $241K
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal Sold out 166,000 $240Kbefore exit
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal Sold out 80,000 $227Kbefore exit
CIPHER DIGITAL INC (CIFR 1.75 05/15/30) NOTE 1.750% 5/1 · principal Sold out 72,000 $212Kbefore exit
EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) NOTE 4.750%10/1 · principal Reduce -49.1% 87,000 $204K
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal Sold out 201,000 $198Kbefore exit
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal New 139,000 $186K
CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal Sold out 102,000 $132Kbefore exit
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal Sold out 134,000 $128Kbefore exit
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal Sold out 121,000 $127Kbefore exit
LYFT INC (LYFT 0.625 03/01/29) NOTE 0.625% 3/0 · principal Sold out 87,000 $112Kbefore exit
AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) NOTE 4.250% 2/1 · principal Sold out 100,000 $95Kbefore exit
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B Sold out 910 $65Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2026 773$911.1MIVV, SPY, AAPL, DYNF, NVDA
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