Cetera Investment Advisers
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Cetera Investment Advisers reported 4,586 stock positions worth $91.5 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 3.0% of the portfolio, followed by Apple (AAPL, 2.1%) and Nvidia (NVDA, 2.0%). Compared with Q3 2025, it opened 280 new positions, sold out of 184, added to 2,499 and reduced 1,725. The biggest buy was Alphabet Class A (GOOGL, shares +3%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- SCHAUMBURG, IL
- CIK
- 0001666741
- Portfolio Value
- $91.5B (Q4 2025)
- SEC Filing
- 0001666741-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 4,586 stocks · $91.5B
| IVV iShares Core S&P 500 ETF | 3.03% | 4,046,475 | $2.8B | Add +3.5% |
| AAPL Apple Inc. | 2.06% | 6,939,491 | $1.9B | Add +2.9% |
| NVDA Nvidia Corp. | 1.96% | 9,594,693 | $1.8B | Add +3.0% |
| AGG iShares Core U.S. Aggregate | 1.68% | 15,428,160 | $1.5B | Add +1.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.55% | 7,443,431 | $1.4B | Add +1.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.50% | 2,227,778 | $1.4B | Add +0.8% |
| MSFT Microsoft Corp. | 1.46% | 2,754,317 | $1.3B | Add +4.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.36% | 1,831,243 | $1.2B | Add +3.9% |
| VONG Vanguard Russell 1000 Growth | 1.36% | 10,211,465 | $1.2B | Reduce -3.0% |
| VOO Vanguard S&P 500 ETF | 1.33% | 1,938,813 | $1.2B | Add +4.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.19% | 3,252,250 | $1.1B | Add +0.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.13% | 2,124,059 | $1.0B | Add +2.3% |
| AMZN Amazon.com Inc. | 1.09% | 4,328,708 | $999.2M | Add +6.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.05% | 10,758,681 | $962.5M | Add +2.5% |
| SCHD Schwab US DVD Equity ETF | 1.04% | 34,606,028 | $949.2M | Reduce -1.2% |
| IWF iShares Russell 1000 Growth | 0.81% | 1,563,061 | $739.8M | Add +0.2% |
| IVE iShares S&P 500 Value ETF | 0.79% | 3,409,979 | $723.2M | Add +22.5% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.78% | 16,399,426 | $715.7M | Add +14.6% |
| GOOGL Alphabet Inc. Class A | 0.74% | 2,161,343 | $676.5M | Add +3.2% |
| IEMG iShares Core MSCI Emerging | 0.69% | 9,358,810 | $629.1M | Add +13.7% |
| BND Vanguard Total Bond Market | 0.62% | 7,691,585 | $569.7M | Add +3.8% |
| IVW iShares S&P 500 Growth ETF | 0.61% | 4,509,307 | $555.8M | Add +3.4% |
| SCHG Schwab US Large-Cap Growth | 0.60% | 16,960,267 | $553.2M | Add +10.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.58% | 2,096,928 | $530.4M | Add +15.2% |
| AVGO Broadcom Inc. | 0.57% | 1,495,875 | $517.7M | Add +2.5% |
| VXUS Vanguard Total Intl Stock | 0.54% | 6,538,784 | $493.3M | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.54% | 743,764 | $491.0M | Add +8.5% |
| VEA Vanguard Ftse Developed ETF | 0.52% | 7,684,136 | $480.0M | Add +5.3% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.52% | 7,812,309 | $475.1M | Add +9.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 939,826 | $472.4M | Add +3.4% |
| GOOG Alphabet Inc. Class C | 0.51% | 1,472,415 | $462.0M | Add +5.8% |
| JPM JPMorgan Chase & Co. | 0.49% | 1,393,065 | $448.9M | Add +3.2% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.48% | 9,522,893 | $443.2M | Add +4.8% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.48% | 12,860,043 | $440.6M | Add +5.5% |
| IWM iShares Russell 2000 ETF | 0.46% | 1,724,480 | $424.5M | Add +3.1% |
| TSLA Tesla Inc. | 0.45% | 924,947 | $416.0M | Add +5.4% |
| VYM Vanguard High DVD Yield ETF | 0.41% | 2,645,151 | $379.6M | Add +6.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.41% | 1,279,135 | $371.2M | Add +4.7% |
| CGGR Cap Group Growth Equity | 0.40% | 8,207,815 | $365.0M | Add +7.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.39% | 4,431,269 | $355.5M | Add +5.1% |
| LLY Eli Lilly & Co. | 0.39% | 329,781 | $354.4M | Add +6.0% |
| GLD SPDR Gold Shares | 0.39% | 889,510 | $352.5M | Reduce -2.0% |
| COWZ Pacer US Cash Cows 100 ETF | 0.38% | 5,758,501 | $346.5M | Reduce -5.4% |
| IJR iShares Core S&P Small-Cap E | 0.37% | 2,847,846 | $342.3M | Add +6.9% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.36% | 3,098,659 | $330.6M | Reduce -3.0% |
| JEPI JPMorgan Equity Premium Inco | 0.35% | 5,530,763 | $316.6M | Add +7.2% |
| PVAL Putnam Focused LRG Cap Value | 0.34% | 6,853,915 | $312.3M | Add +27.6% |
| WMT Walmart Inc. | 0.34% | 2,787,717 | $310.6M | Add +4.3% |
| QUAL iShares MSCI USA Quality Fac | 0.33% | 1,530,303 | $303.9M | Reduce -25.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 1,168,300 | $301.4M | Add +5.6% |
| MUB iShares National Muni Bond E | 0.33% | 2,794,564 | $299.3M | Add +7.0% |
| V Visa Inc. Class A | 0.33% | 848,948 | $297.7M | Add +0.7% |
| SDVY First Trust Smid Cap Rising | 0.32% | 7,715,939 | $295.7M | Add +6.2% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 1,624,163 | $288.7M | Add +4.5% |
| XOM Exxon Mobil Corp. | 0.31% | 2,360,306 | $284.0M | Add +4.4% |
| EFV iShares MSCI Eafe Value ETF | 0.30% | 3,894,184 | $278.1M | Reduce -2.6% |
| OEF iShares S&P 100 ETF | 0.30% | 806,686 | $276.7M | Add +6.6% |
| IWD iShares Russell 1000 Value E | 0.30% | 1,295,575 | $272.5M | Reduce -1.3% |
| FBND Fidelity Total Bond ETF | 0.30% | 5,870,299 | $270.3M | Add +44.4% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.29% | 7,734,465 | $268.0M | Add +9.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.29% | 2,861,381 | $261.5M | Add +7.6% |
| RDVY First Trust Rising Dividend | 0.28% | 3,744,525 | $260.1M | Add +7.0% |
| VIG Vanguard Dividend Apprec ETF | 0.28% | 1,175,067 | $258.3M | Reduce -3.4% |
| BNDX Vanguard Total Intl Bond ETF | 0.28% | 5,341,499 | $258.1M | Add +6.7% |
| VWO Vanguard Ftse Emerging Marke | 0.28% | 4,798,002 | $257.9M | Add +4.7% |
| XLK SS Technology Select Sector | 0.28% | 1,789,348 | $257.6M | Add +8.1% |
| VGT Vanguard Info Tech ETF | 0.28% | 336,406 | $253.6M | Reduce -2.7% |
| TLH iShares 10-20 Year Treasury | 0.28% | 2,479,826 | $252.1M | Add +4.6% |
| JAAA Janus Henderson Aaa Clo ETF | 0.26% | 4,781,181 | $241.8M | Add +9.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.26% | 1,133,246 | $240.0M | Add +5.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.26% | 4,542,059 | $239.7M | Add +12.0% |
| IJH iShares Core S&P Midcap ETF | 0.26% | 3,631,061 | $239.7M | Add +6.7% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.26% | 5,940,417 | $239.0M | Add +7.6% |
| IDEV iShares Core MSCI Dev MKTS | 0.25% | 2,809,719 | $231.7M | Add +10.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.25% | 3,975,800 | $225.9M | Reduce -3.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 728,701 | $221.4M | Add +1.8% |
| DGRW Wisdomtree U.S. Quality Divi | 0.24% | 2,450,812 | $219.2M | Add +0.1% |
| IWR iShares Russell Mid-Cap ETF | 0.24% | 2,256,436 | $217.2M | Add +3.7% |
| ABBV Abbvie Inc. | 0.24% | 949,572 | $217.0M | Add +2.6% |
| DGRO iShares Core Dividend Growth | 0.23% | 3,096,053 | $214.9M | Add +19.8% |
| JNJ Johnson & Johnson | 0.23% | 1,023,956 | $211.9M | Add +7.1% |
| COST Costco Wholesale Corp. | 0.23% | 239,548 | $206.6M | Reduce -3.1% |
| IQLT iShares MSCI International Q | 0.22% | 4,450,801 | $202.3M | Add +11.3% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 1,043,865 | $200.0M | Reduce -2.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.22% | 2,123,167 | $199.9M | Add +2.5% |
| HD Home Depot Inc. | 0.21% | 562,610 | $193.6M | Reduce -0.1% |
| SGOV iShares 0-3 Month Treasury B | 0.21% | 1,907,424 | $191.5M | Reduce -1.7% |
| MBB iShares MBS ETF | 0.21% | 1,981,427 | $188.7M | Reduce -1.9% |
| IAU iShares Gold Trust | 0.21% | 2,319,569 | $188.3M | Add +2.5% |
| AMD Advanced Micro Devices | 0.20% | 864,859 | $185.2M | Reduce -3.4% |
| VNQ Vanguard Real Estate ETF | 0.20% | 2,084,736 | $184.5M | Add +2.4% |
| BSV Vanguard Short-Term Bond ETF | 0.20% | 2,327,366 | $183.4M | Add +3.5% |
| EFA iShares MSCI Eafe ETF | 0.20% | 1,881,846 | $180.7M | Add +3.8% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.20% | 6,780,475 | $179.5M | Add +2.0% |
| SMH Vaneck Semiconductor ETF | 0.19% | 494,813 | $178.2M | Add +3.7% |
| TCHP T Rowe Price Blue Chip Growt | 0.19% | 3,570,939 | $178.0M | Add +5.6% |
| CVX Chevron Corp. | 0.19% | 1,165,052 | $177.6M | Add +1.5% |
| XMMO Invesco S&P Midcap Momentum | 0.19% | 1,251,835 | $173.3M | Add +11.3% |
| MA Mastercard Inc. Class A | 0.19% | 297,146 | $169.6M | Reduce -0.6% |
| CAT Caterpillar Inc. | 0.18% | 287,922 | $164.9M | Add +4.5% |
Options reported separately and not counted above: QQQ puts ($260K), PLTR calls ($235K), SHW puts ($163K), LLY calls ($160K), SLV puts ($95K), HCA puts ($81K), MSFT puts ($72K), AAPL puts ($71K), AMZN calls ($57K), UNH calls ($50K), OKLO puts ($48K), IWM puts ($48K), and 78 more.
Other holdings (9): bonds, preferreds, convertibles and warrants · $3.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 723 | $877K | Add +8.9% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 12,573 | $868K | Add +4.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 665 | $832K | Add +4.2% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 6,593 | $341K | Reduce -3.4% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 4,120 | $227K | New |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 16,986 | $51K | Add +384.5% |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 10,000 | $26K | No change |
| SKYAW Sharps Technology Inc. -27 | *W EXP 04/13/202 | 16,500 | $467 | No change |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | 10,717 | $322 | New |
Total filed on the 13F, all lines: $91.5B.
Portfolio Sells Q3 2025 → Q4 2025
| QUAL iShares MSCI USA Quality Fac | Reduce -25.4% | 0.33% | −0.13 |
| VONG Vanguard Russell 1000 Growth | Reduce -3.0% | 1.36% | −0.12 |
| SCHD Schwab US DVD Equity ETF | Reduce -1.2% | 1.04% | −0.07 |
| VNLA Janus Henderson Short Durati | Reduce -88.5% | 0.01% | −0.06 |
| HD Home Depot Inc. | Reduce -0.1% | 0.21% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -3.1% | 0.23% | −0.04 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -22.2% | 0.10% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -15.8% | 0.08% | −0.03 |
| IGRO iShares Intl Div Growth ETF | Reduce -77.2% | 0.01% | −0.03 |
| QDEC FT Vest Nasdaq-100 Buffer Et | Reduce -65.7% | 0.02% | −0.03 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -33.4% | 0.05% | −0.03 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -10.4% | 0.14% | −0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -5.4% | 0.38% | −0.03 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -3.0% | 0.36% | −0.03 |
| BSJP Invesco Bulletshares 2025 HY | Sold out | 0.00% | −0.03 |
| OUNZ Vaneck Merk Gold ETF | Reduce -38.3% | 0.05% | −0.03 |
| SPMO Invesco S&P 500 Momentum ETF | Reduce -8.6% | 0.14% | −0.03 |
| IWY iShares Russell Top 200 Grow | Reduce -14.2% | 0.11% | −0.02 |
| T AT&T Inc. | Reduce -1.3% | 0.11% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -1.2% | 0.08% | −0.02 |
| FTCS First Trust Capital Strength | Reduce -6.3% | 0.15% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -2.7% | 0.28% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -3.4% | 0.28% | −0.02 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -12.2% | 0.09% | −0.02 |
| AESI Atlas Energy Solutions Inc. | Reduce -98.6% | 0.00% | −0.02 |
| NOBL Proshares S&P 500 Dividend A | Reduce -15.4% | 0.07% | −0.02 |
| SGOV iShares 0-3 Month Treasury B | Reduce -1.7% | 0.21% | −0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -3.2% | 0.25% | −0.02 |
| MBB iShares MBS ETF | Reduce -1.9% | 0.21% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -2.1% | 0.22% | −0.02 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -28.0% | 0.03% | −0.02 |
| SGDM Sprott Gold Miners ETF | Reduce -76.5% | 0.01% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -1.2% | 0.12% | −0.02 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -9.8% | 0.09% | −0.02 |
| QLTA iShares Aaa - A Rated Corpor | Reduce -27.6% | 0.03% | −0.01 |
| VST Vistra Corp. | Reduce -5.9% | 0.04% | −0.01 |
| KYN Kayne Anderson Energy Infra | Reduce -15.3% | 0.06% | −0.01 |
| BIDD iShares International Divide | Reduce -72.3% | 0.01% | −0.01 |
| ADP Automatic Data Processing | Reduce -0.9% | 0.06% | −0.01 |
| LNG Cheniere Energy Inc. | Reduce -36.6% | 0.01% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -0.5% | 0.13% | −0.01 |
| FSCO FS Credit Opportunities Corp. | Reduce -30.3% | 0.02% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -13.4% | 0.05% | −0.01 |
| VGSH Vanguard Short-Term Treasury | Reduce -12.6% | 0.06% | −0.01 |
| BX Blackstone Inc. | Reduce -2.8% | 0.06% | −0.01 |
| FJAN FT Vest U.S. Equity Buffer E | Reduce -44.5% | 0.01% | −0.01 |
| AJG Arthur J Gallagher & Co. | Reduce -15.1% | 0.03% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -1.3% | 0.30% | −0.01 |
| IUSV iShares Core S&P U.S. Value | Reduce -9.8% | 0.08% | −0.01 |
| GOVI Invesco Equal Weight 0-30 YR | Reduce -25.5% | 0.03% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +3.2% | 0.74% | +0.15 |
| IVE iShares S&P 500 Value ETF | Add +22.5% | 0.79% | +0.12 |
| LLY Eli Lilly & Co. | Add +6.0% | 0.39% | +0.11 |
| GOOG Alphabet Inc. Class C | Add +5.8% | 0.51% | +0.11 |
| FENI Fidelity Enhanced Intl ETF | Add +276.4% | 0.12% | +0.09 |
| CGDV Cap Group Dividend Value | Add +14.6% | 0.78% | +0.08 |
| FBND Fidelity Total Bond ETF | Add +44.4% | 0.30% | +0.08 |
| PVAL Putnam Focused LRG Cap Value | Add +27.6% | 0.34% | +0.07 |
| AAPL Apple Inc. | Add +2.9% | 2.06% | +0.07 |
| QQQM Invesco Nasdaq 100 ETF | Add +15.2% | 0.58% | +0.06 |
| IEMG iShares Core MSCI Emerging | Add +13.7% | 0.69% | +0.06 |
| DFAI Dimensional International Co. | Add +180.9% | 0.09% | +0.06 |
| AMZN Amazon.com Inc. | Add +6.5% | 1.09% | +0.05 |
| BPRE Bluerock Private Real Estate | New | 0.05% | +0.05 |
| AVEM Avantis Emerging Markets Eq | Add +53.7% | 0.14% | +0.05 |
| SLV iShares Silver Trust | Add +6.8% | 0.13% | +0.04 |
| MU Micron Technology Inc. | Add +4.3% | 0.11% | +0.04 |
| JBND JPMorgan Active Bond ETF | Add +35.6% | 0.18% | +0.04 |
| SCHG Schwab US Large-Cap Growth | Add +10.2% | 0.60% | +0.03 |
| PULS Pgim Ultra Short Bond ETF | Add +33.8% | 0.16% | +0.03 |
| CGBL Cap Group Core Balanced | Add +40.1% | 0.13% | +0.03 |
| DGRO iShares Core Dividend Growth | Add +19.8% | 0.23% | +0.03 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +9.6% | 0.52% | +0.03 |
| CAT Caterpillar Inc. | Add +4.5% | 0.18% | +0.03 |
| IDMO Invesco S&P International DE | Add +42.7% | 0.10% | +0.03 |
| MRK Merck & Co. Inc. | Add +5.8% | 0.13% | +0.03 |
| JNJ Johnson & Johnson | Add +7.1% | 0.23% | +0.03 |
| PYLD PIMCO Multisector Bond Actv | Add +6452.5% | 0.03% | +0.03 |
| SYSB iShares Systematic Bond ETF | Add +4460.7% | 0.03% | +0.02 |
| WTV Wisdomtree U.S. Value Fund | Add +120.2% | 0.05% | +0.02 |
| JHCB John Hancock Corporate Bond | Add +1510.5% | 0.03% | +0.02 |
| XLV SS Health Care Select Sector | Add +11.5% | 0.16% | +0.02 |
| FMDE Fidelity Enhanced Mid Cap Co. | Add +56.5% | 0.07% | +0.02 |
| IWX iShares Russell Top 200 Valu | Add +399.7% | 0.03% | +0.02 |
| MTUM iShares MSCI USA Momentum Fa | Add +24.5% | 0.17% | +0.02 |
| AKRE Akre Focus ETF | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +4.3% | 0.34% | +0.02 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +129.3% | 0.04% | +0.02 |
| JCPB JPMorgan Core Plus Bond ETF | Add +32.6% | 0.10% | +0.02 |
| DDWM Wisdomtree DY Inter Eq FD-US | Add +129.2% | 0.03% | +0.02 |
| QGRW Wisdomtree US Quality Growth | Add +333.1% | 0.02% | +0.02 |
| GEV GE Vernova Inc. | Add +21.8% | 0.10% | +0.02 |
| DFAC Dimensional US Core Equity 2 | Add +33.1% | 0.08% | +0.02 |
| IDEV iShares Core MSCI Dev MKTS | Add +10.9% | 0.25% | +0.02 |
| EUSA iShares MSCI USA Equal Weigh | Add +836.4% | 0.02% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +8.9% | 0.07% | +0.02 |
| FTMN FR Minnesota Muni Inc. ETF | New | 0.02% | +0.02 |
| XIJN FT Eq Buf & Prem Inc.-June | Add +361.6% | 0.02% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +5.3% | 0.52% | +0.02 |
| CGDG Cap Group Dividend Growers | Add +18.5% | 0.13% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| QQQ Invesco QQQ Trust Series 1 | put | New | 11,500 | $260K |
| HCA HCA Healthcare Inc. | call | Sold out | 18,100 | $235Kbefore exit |
| PLTR Palantir Technologies Inc. Class A | call | Add +1450.0% | 6,200 | $235K |
| SHW The Sherwin-Williams Co. | put | New | 8,700 | $163K |
| SHW The Sherwin-Williams Co. | call | Sold out | 8,700 | $138Kbefore exit |
| MRK Merck & Co. Inc. | call | Sold out | 14,000 | $114Kbefore exit |
| SLV iShares Silver Trust | put | New | 14,800 | $95K |
| HCA HCA Healthcare Inc. | put | New | 18,100 | $81K |
| MSFT Microsoft Corp. | put | New | 2,700 | $72K |
| AAPL Apple Inc. | put | New | 9,900 | $71K |
| AAPL Apple Inc. | call | Sold out | 15,200 | $61Kbefore exit |
| AMZN Amazon.com Inc. | call | Reduce -33.3% | 1,000 | $57K |
| NBIS Nebius Group NV | call | Sold out | 9,200 | $55Kbefore exit |
| OKLO Oklo Inc. | put | New | 500 | $48K |
| IWM iShares Russell 2000 ETF | put | New | 5,100 | $48K |
| URA Global X Uranium ETF | call | Sold out | 12,000 | $47Kbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 2,900 | $46K |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -61.9% | 3,700 | $45K |
| COIN Coinbase Global Inc. Class A | call | Sold out | 2,000 | $42Kbefore exit |
| BILI Bilibili Inc.-Sponsored ADR | call | Sold out | 19,200 | $40Kbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 16,500 | $32Kbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 2,900 | $27Kbefore exit |
| ORCL Oracle Corp. | call | Add +1000.0% | 2,200 | $24K |
| KTOS Kratos Defense & Security | call | Sold out | 9,600 | $23Kbefore exit |
| RIOT Riot Platforms Inc. | call | Reduce -27.3% | 4,000 | $20K |
| IWM iShares Russell 2000 ETF | call | Reduce -45.2% | 4,000 | $20K |
| MRK Merck & Co. Inc. | put | New | 14,000 | $18K |
| AMC AMC Entertainment HLDS Class A | call | Add +96.8% | 61,000 | $17K |
| HD Home Depot Inc. | put | New | 700 | $17K |
| DIA SS SPDR Dow Jones Indus Avg | call | Sold out | 1,700 | $17Kbefore exit |
| RDW Redwire Corp. | call | New | 17,500 | $17K |
| AG First Majestic Silver Corp. | call | Reduce -77.9% | 1,500 | $15K |
| DIA SS SPDR Dow Jones Indus Avg | put | New | 1,800 | $15K |
| ARGT Global X MSCI Argentina ETF | call | Sold out | 3,000 | $15Kbefore exit |
| XMTR Xometry Inc. Class A | put | New | 5,200 | $14K |
| SCCO Southern Copper Corp. | put | New | 2,900 | $14K |
| HIMS Hims & Hers Health Inc. | call | Sold out | 13,800 | $14Kbefore exit |
| GS Goldman Sachs Group Inc. | call | New | 200 | $14K |
| XEL Xcel Energy Inc. | put | New | 3,400 | $13K |
| NVDA Nvidia Corp. | put | New | 2,100 | $12K |
| WEC WEC Energy Group Inc. | put | New | 2,200 | $11K |
| TLT iShares 20+ Year Treasury BD | put | New | 3,800 | $11K |
| RGTI Rigetti Computing Inc. | call | Add +257.1% | 2,500 | $11K |
| VUG Vanguard Mrngstar GR ETF-Sui | call | New | 800 | $11K |
| NTRA Natera Inc. | put | New | 1,500 | $10K |
| AVGO Broadcom Inc. | call | Reduce -60.0% | 200 | $10K |
| AMD Advanced Micro Devices | call | Reduce -92.7% | 1,100 | $9K |
| HD Home Depot Inc. | call | Sold out | 700 | $9Kbefore exit |
| CQQQ Invesco China Technology ETF | call | Sold out | 12,600 | $8Kbefore exit |
| IEF iShares 7-10 Year Treasury B | call | New | 2,500 | $6K |
Showing the first 50 of 128.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +8.9% | 723 | $877K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +4.3% | 12,573 | $868K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +4.2% | 665 | $832K |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -3.4% | 6,593 | $341K |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | New | 4,120 | $227K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 8,072 | $206Kbefore exit |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Add +384.5% | 16,986 | $51K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 199,085 | $16Kbefore exit |
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | Sold out | 97,088 | $6Kbefore exit |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | New | 10,717 | $322 |
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 | 4,849 | $109.8B | IVV, AAPL, NVDA, VTV, QQQ |
| Q1 2026 | 4,660 | $94.0B | IVV, AAPL, NVDA, VTV, AGG |
| Q4 2025 | 4,586 | $91.5B | IVV, AAPL, NVDA, AGG, VTV |
| Q3 2025 | 4,486 | $86.0B | IVV, NVDA, AAPL, AGG, MSFT |
| Q2 2025 | 4,038 | $59.3B | NVDA, IVV, AAPL, MSFT, QQQ |
| Q1 2025 | 3,936 | $51.6B | IVV, AAPL, NVDA, QQQ, MSFT |
| Q4 2024 | 3,719 | $47.8B | AAPL, IVV, NVDA, MSFT, SPY |
| Q3 2024 | 3,674 | $45.7B | AAPL, IVV, MSFT, NVDA, SPY |
| Q2 2024 | 3,677 | $43.4B | IVV, AAPL, MSFT, NVDA, QQQ |
| Q1 2024Amended | 3,653 | $42.4B | IVV, AAPL, MSFT, QQQ, SPY |