Chesapeake Asset Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 8, 2026), Chesapeake Asset Management LLC reported 336 stock positions worth $120.5 million. Its top holding was Microsoft (MSFT) at 9.0% of the portfolio, followed by Eli Lilly (LLY, 8.2%) and Apple (AAPL, 6.4%). Compared with Q3 2025, it opened 65 new positions, sold out of 23, added to 87 and reduced 58. The biggest buy was Eli Lilly (LLY, shares +3%) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001079397
Portfolio Value
$120.5M (Q4 2025)
SEC Filing
0001079397-26-000010 ↗ filed Jan 8, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $100.9M Q1 2024 Q2 2024: $104.3M Q2 2024 Q3 2024: $115.1M Q3 2024 Q4 2024: $107.4M Q4 2024 Q1 2025: $105.1M Q1 2025 Q2 2025: $110.0M Q2 2025 Q3 2025: $112.9M Q3 2025 Q4 2025: $120.5M $120.5M Q4 2025 Q1 2026: $124.8M Q1 2026 Q2 2026: $130.5M Q2 2026

Holdings 336 stocks · $120.5M

MSFT Microsoft Corp. 9.01% 22,467 $10.9M Reduce -1.8%
LLY Eli Lilly & Co. 8.16% 9,158 $9.8M Add +3.3%
AAPL Apple Inc. 6.38% 28,290 $7.7M Reduce -2.6%
JPM JPMorgan Chase & Co. 5.09% 19,033 $6.1M Add +0.3%
SPOT Spotify Technology SA 3.65% 7,579 $4.4M No change
R Ryder System Inc. 3.19% 20,096 $3.8M Reduce -0.4%
SPY SS SPDR S&P 500 ETF Trust-US 2.36% 4,164 $2.8M Add +6.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.23% 9,087 $2.7M No change
AFL Aflac Inc. 2.15% 23,493 $2.6M No change
GGAL Grupo Financiero Galicia-ADR 1.74% 38,883 $2.1M No change
GLD SPDR Gold Shares 1.74% 5,282 $2.1M Add +5.0%
AVGO Broadcom Inc. 1.63% 5,681 $2.0M Reduce -21.2%
MRK Merck & Co. Inc. 1.41% 16,166 $1.7M Reduce -5.7%
RTX RTX Corp. 1.40% 9,209 $1.7M Reduce -0.1%
AMZN Amazon.com Inc. 1.39% 7,276 $1.7M Reduce -1.7%
CHD Church & Dwight Co. Inc. 1.34% 19,331 $1.6M Reduce -0.1%
ABBV Abbvie Inc. 1.24% 6,567 $1.5M Add +0.1%
BMA Banco Macro SA-ADR 1.19% 15,916 $1.4M Add +34.8%
GOOG Alphabet Inc. Class C 1.11% 4,253 $1.3M Add +803.0%
SPG Simon Property Group Inc. 1.11% 7,200 $1.3M No change
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 1.02% 67,900 $1.2M No change
JNJ Johnson & Johnson 1.01% 5,905 $1.2M Add +2.2%
J Jacobs Solutions Inc. 1.01% 9,150 $1.2M Reduce -24.8%
QQQ Invesco QQQ Trust Series 1 0.94% 1,836 $1.1M No change
GOOGL Alphabet Inc. Class A 0.91% 3,511 $1.1M Add +6.0%
UL Unilever PLC-Sponsored ADR 0.90% 16,658 $1.1M No change
PEP Pepsico Inc. 0.85% 7,136 $1.0M Reduce -0.3%
PAM Pampa Energia SA-Spon ADR 0.82% 11,202 $991K No change
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.81% 26,880 $972K No change
META Meta Platforms Inc. Class A 0.76% 1,382 $912K Add +14.6%
NEE Nextera Energy Inc. 0.75% 11,286 $906K Add +7.5%
BA The Boeing Co. 0.74% 4,129 $896K Reduce -47.2%
TRV The Travelers Cos Inc. 0.73% 3,018 $875K Add +10.8%
CVX Chevron Corp. 0.69% 5,481 $835K Add +2.0%
MCD McDonald's Corp. 0.68% 2,697 $824K Add +0.9%
WMB Williams Cos Inc. 0.67% 13,484 $811K Reduce -14.8%
PG The Procter & Gamble Co. 0.67% 5,612 $804K Add +1.5%
XOM Exxon Mobil Corp. 0.63% 6,350 $764K Add +4.9%
ACWX iShares MSCI Acwi Ex US ETF 0.61% 10,935 $734K No change
LMT Lockheed Martin Corp. 0.61% 1,509 $730K Add +0.3%
TSM Taiwan Semiconductor-SP ADR 0.59% 2,323 $706K Add +329.4%
WMT Walmart Inc. 0.57% 6,218 $693K Add +1723.5%
GLW Corning Inc. 0.55% 7,628 $668K Reduce -25.8%
ETN Eaton Corp. PLC 0.54% 2,038 $649K Add +0.5%
VMI Valmont Industries 0.53% 1,583 $637K Add +26.2%
GS Goldman Sachs Group Inc. 0.52% 711 $625K Add +76.0%
MDLZ Mondelez International Inc. Class A 0.51% 11,355 $611K Add +2.4%
IWM iShares Russell 2000 ETF 0.50% 2,455 $604K No change
PNC PNC Financial Services Group 0.49% 2,816 $588K Add +0.7%
TRGP Targa Resources Corp. 0.48% 3,116 $575K Add +314.9%
NVDA Nvidia Corp. 0.46% 2,998 $559K Reduce -3.9%
VTI VG Morningstar TS MKT ETF-US 0.43% 1,555 $521K No change
HD Home Depot Inc. 0.42% 1,489 $512K Add +1.0%
CENX Century Aluminum Company 0.42% 13,015 $510K New
CSCO Cisco Systems Inc. 0.42% 6,573 $506K Add +2.9%
ACN Accenture PLC Class A 0.41% 1,834 $492K Add +45.3%
ADP Automatic Data Processing 0.41% 1,909 $491K Add +2.6%
UNH Unitedhealth Group Inc. 0.39% 1,439 $475K Add +5.0%
GD General Dynamics Corp. 0.39% 1,407 $474K Add +2.5%
PPL PPL Corp. 0.39% 13,291 $465K Add +3.7%
BKR Baker Hughes Co. 0.38% 10,085 $459K Reduce -44.7%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.37% 16,068 $452K Add +10.5%
AVB Avalonbay Communities Inc. 0.36% 2,383 $432K Add +9.1%
TEL Te Connectivity PLC 0.35% 1,854 $422K Add +3.3%
GWRE Guidewire Software Inc. 0.35% 2,085 $419K No change
SRE Sempra 0.35% 4,721 $417K Add +0.4%
HIG Hartford Insurance Group Inc. 0.33% 2,883 $397K Add +33.3%
CME Cme Group Inc. 0.32% 1,414 $386K Add +0.3%
SNDK Sandisk Corp. 0.32% 1,600 $380K Reduce -32.4%
CRESY Cresud S.A.-Spons ADR 0.31% 29,865 $377K Add +0.8%
SCHP Schwab U.S. Tips ETF 0.30% 13,841 $367K Add +11.5%
PAYX Paychex Inc. 0.29% 3,138 $352K Add +8.4%
ANF Abercrombie & Fitch Co. Class A 0.29% 2,793 $352K New
WEC WEC Energy Group Inc. 0.28% 3,230 $341K Add +28.1%
SONY Sony Group Corp. - SP ADR 0.28% 13,240 $339K No change
LOMA Loma Negra Cia Ind-Spon ADR 0.28% 25,806 $334K No change
KMI Kinder Morgan Inc. 0.28% 12,154 $334K Add +1.4%
PM Philip Morris International 0.28% 2,070 $332K Add +6.8%
XME SS SPDR S&P Metals Mining 0.26% 3,079 $319K Reduce -56.5%
SPYM Ste STR SPDR PT S&P 500 ETF 0.25% 3,786 $304K Add +5.7%
APO Apollo Global Management Inc. 0.25% 2,065 $299K Add +3.6%
MRSH Marsh & McLennan Cos 0.24% 1,585 $294K Reduce -41.4%
HOOD Robinhood Markets Inc. Class A 0.24% 2,593 $293K No change
VOO Vanguard S&P 500 ETF 0.24% 454 $285K Add +107.3%
VZ Verizon Communications Inc. 0.24% 6,967 $284K Add +9.0%
JAAA Janus Henderson Aaa Clo ETF 0.23% 5,500 $278K New
CIFR Cipher Digital Inc. 0.23% 18,557 $274K Add +32.5%
BIL SS SPDR BB 1-3M T-Bill ETF 0.22% 2,937 $268K New
ITW Illinois Tool Works 0.22% 1,077 $265K Add +0.6%
GEV GE Vernova Inc. 0.22% 397 $259K Add +17.8%
PRSU Pursuit Attractions and Hosp 0.21% 7,520 $253K Reduce -22.0%
BABA Alibaba Group Holding-SP ADR 0.20% 1,639 $240K Reduce -44.3%
ORCL Oracle Corp. 0.18% 1,142 $223K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.18% 5,170 $221K No change
LVS Las Vegas Sands Corp. 0.18% 3,316 $216K New
BRK.B Berkshire Hathaway Inc. Class B 0.18% 420 $211K Add +121.0%
GE General Electric filed as GE AEROSPACE 0.17% 672 $207K Add +59.2%
CRWV Coreweave Inc. Class A 0.17% 2,814 $202K Reduce -67.0%
TXN Texas Instruments Inc. 0.16% 1,090 $189K Reduce -30.3%
OKE Oneok Inc. 0.16% 2,559 $188K Add +0.6%
CRWD CrowdStrike Holdings Inc. Class A 0.15% 382 $179K Add +0.8%
T AT&T Inc. 0.15% 7,185 $178K Reduce -7.3%
DRI Darden Restaurants Inc. 0.15% 961 $177K New
KEX Kirby Corp. 0.14% 1,515 $167K New
FAST Fastenal Co. 0.14% 4,090 $164K Add +1.3%
QQQM Invesco Nasdaq 100 ETF 0.14% 646 $164K No change
AMD Advanced Micro Devices 0.14% 761 $163K No change
UNP Union Pacific Corp. 0.13% 687 $159K Reduce -2.8%
MS Morgan Stanley 0.13% 884 $157K No change
ITOT iShares Core S&P Total U.S. 0.13% 1,054 $157K No change
IBIT iShares Bitcoin Trust ETF 0.13% 3,109 $154K Add +82.2%
IEMG iShares Core MSCI Emerging 0.12% 2,217 $149K No change
PLTR Palantir Technologies Inc. Class A 0.12% 835 $148K Add +1505.8%
MSM MSC Industrial Direct Co. Class A 0.12% 1,715 $144K New
XLK SS Technology Select Sector 0.12% 1,001 $144K New
BIDU Baidu Inc. - Spon ADR 0.11% 1,045 $137K Add +4.5%
OKLO Oklo Inc. 0.11% 1,870 $134K No change
PWR Quanta Services Inc. 0.11% 315 $133K No change
NOW ServiceNow Inc. 0.10% 750 $115K New
PFE Pfizer Inc. 0.09% 4,572 $114K Reduce -24.7%
LIN Linde PLC 0.09% 257 $110K New
PRMB Primo Brands Corp. 0.09% 6,698 $110K Reduce -49.1%
DLR Digital Realty Trust Inc. 0.09% 685 $106K Add +85.1%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.09% 250 $103K No change
BN Brookfield Corp. 0.08% 2,220 $102K Reduce -59.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 884 $101K Reduce -10.2%
VWO Vanguard Ftse Emerging Marke 0.08% 1,828 $98K Reduce -0.5%
SITE Siteone Landscape Supply Inc. 0.08% 766 $95K New
TER Teradyne Inc. 0.08% 490 $95K Reduce -9.3%
GRMN Garmin Ltd. 0.08% 464 $94K New
SHEL Shell PLC-ADR 0.08% 1,245 $91K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.08% 1,804 $91K Add +109.8%
COF Capital One Financial Corp. 0.07% 350 $85K New
MCK McKesson Corp. 0.07% 100 $82K New
CRDO Credo Technology Group Holdi 0.07% 570 $82K Reduce -47.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.07% 276 $80K New
BND Vanguard Total Bond Market 0.07% 1,068 $79K Add +109.8%
BX Blackstone Inc. 0.06% 485 $75K Add +94.0%
KO The Coca-Cola Co. 0.06% 1,063 $74K Add +0.3%
AEP American Electric Power 0.06% 630 $73K New
OXLC Oxford Lane Capital Corp. 0.06% 4,730 $69K New
VRT Vertiv Holdings Co. Class A 0.06% 419 $68K Add +109.5%
V Visa Inc. Class A 0.06% 189 $66K No change
OTIS Otis Worldwide Corp. 0.05% 750 $66K Add +0.4%
IVV iShares Core S&P 500 ETF 0.05% 91 $62K No change
VGK Vanguard Ftse Europe ETF 0.05% 729 $61K Reduce -2.8%
MICC The Magnum Ice Cream Co. NV 0.05% 3,747 $59K No change
IAU iShares Gold Trust 0.05% 701 $57K No change
SGOV iShares 0-3 Month Treasury B 0.05% 560 $56K Reduce -44.3%
CQP Cheniere Energy Partners LP 0.04% 1,000 $53K No change
DELL Dell Technologies -C 0.04% 417 $52K Reduce -14.0%
TOST Toast Inc. Class A 0.04% 1,440 $51K New
BMY Bristol-Myers Squibb Co. 0.04% 917 $49K No change
APD Air Products & Chemicals Inc. 0.04% 199 $49K Reduce -79.3%
VPL Vanguard Ftse Pacific ETF 0.04% 510 $46K Add +2.2%
STIP iShares 0-5 Year Tips Bond E 0.04% 443 $45K Reduce -29.4%
CRCL Circle Internet Group Inc. 0.04% 560 $44K Reduce -49.5%
SLB SLB Ltd. filed as SLB LIMITED 0.04% 1,100 $42K No change
SPHB Invesco S&P 500 High Beta Et 0.03% 350 $41K New
XPO Xpo Inc. 0.03% 300 $41K No change
TSLA Tesla Inc. 0.03% 90 $40K New
AGG iShares Core U.S. Aggregate 0.03% 404 $40K Add +21.0%
VGSH Vanguard Short-Term Treasury 0.03% 687 $40K No change
BBCA JPMorgan Betabuilders Canada 0.03% 407 $38K Add +1.8%
BLK BlackRock Inc. 0.03% 35 $37K Reduce -5.4%
LITE Lumentum Holdings Inc. 0.03% 100 $37K New
UBER Uber Technologies Inc. 0.03% 450 $37K Add +12.5%
COST Costco Wholesale Corp. 0.03% 41 $35K No change
NTR Nutrien Ltd. 0.03% 562 $35K No change
CARR Carrier Global Corp. 0.03% 650 $34K No change
UPS United Parcel Service Class B 0.03% 345 $34K Reduce -33.0%
IVW iShares S&P 500 Growth ETF 0.03% 276 $34K No change
PKW Invesco Buyback Achievers Et 0.03% 250 $34K New
HG Hamilton Insurance Grou Class B 0.03% 1,205 $34K Add +487.8%
VLO Valero Energy Corp. 0.03% 200 $33K No change
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.03% 686 $32K No change
ADBE Adobe Inc. 0.03% 90 $31K New
XLI SS Industrial Select Sector 0.03% 200 $31K New
ASML ASML Holding NV-NY Reg SHS 0.03% 29 $31K Reduce -12.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 158 $30K Add +6.0%
HTGC Hercules Capital Inc. 0.02% 1,576 $30K Reduce -32.9%
PNW Pinnacle West Capital 0.02% 325 $29K No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 63 $29K No change
MU Micron Technology Inc. 0.02% 100 $29K No change
O Realty Income Corp. 0.02% 500 $28K Reduce -71.0%
GH Guardant Health Inc. 0.02% 270 $28K New
CVS CVS Health Corp. 0.02% 340 $27K Reduce -37.0%
CRM Salesforce Inc. 0.02% 101 $27K Add +1.0%
EMR Emerson Electric Co. 0.02% 200 $27K No change
EG Everest Group Ltd. 0.02% 76 $26K No change
NKE Nike Inc. Class B 0.02% 400 $25K Reduce -33.3%
URI United Rentals Inc. 0.02% 31 $25K Add +3.3%
PYPL PayPal Holdings Inc. 0.02% 425 $25K No change
QUAL iShares MSCI USA Quality Fac 0.02% 123 $24K No change
VTHR Vanguard Russell 3000 0.02% 80 $24K No change
VB Vanguard Most SM-Cap ETF-Usd 0.02% 93 $24K Reduce -29.6%
KTOS Kratos Defense & Security 0.02% 313 $24K New
DYNF Ishrs US E F R A ETF-Usd Inc. 0.02% 386 $23K No change
EFV iShares MSCI Eafe Value ETF 0.02% 325 $23K No change
RITM Rithm Capital Corp. 0.02% 2,000 $22K New
ARCC Ares Capital Corp. 0.02% 1,039 $21K Reduce -32.5%
TMO Thermo Fisher Scientific Inc. 0.02% 35 $20K No change
ES Eversource Energy 0.02% 300 $20K No change
WFRD Weatherford International PL 0.02% 250 $20K New
EPD Enterprise Products Partners 0.02% 600 $19K No change
ORLY O'reilly Automotive Inc. 0.02% 210 $19K No change
HPQ HP Inc. 0.02% 850 $19K Reduce -26.8%
CGW Invesco S&P Global Water Ind 0.02% 295 $19K No change
EFG iShares MSCI Eafe Growth ETF 0.02% 162 $18K No change
INTC Intel Corp. 0.01% 486 $18K No change
LCID Lucid Group Inc. 0.01% 1,685 $18K No change
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.01% 1,800 $17K No change
CRS Carpenter Technology 0.01% 55 $17K New
BF.B Brown-Forman Corp. Class B 0.01% 650 $17K No change
IEUR iShares Core MSCI Europe ETF 0.01% 236 $17K No change
AXON Axon Enterprise Inc. 0.01% 29 $16K New
VSXY Victoria's Secret & Co. 0.01% 302 $16K New
PEGA Pegasystems Inc. 0.01% 266 $16K New
ZS Zscaler Inc. 0.01% 70 $16K No change
ADM Archer-Daniels-Midland Co. 0.01% 273 $16K No change
SCHG Schwab US Large-Cap Growth 0.01% 480 $16K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.01% 170 $14K No change
DUK Duke Energy Corp. 0.01% 119 $14K No change
SBUX Starbucks Corp. 0.01% 161 $14K No change
RXRX Recursion Pharmaceuticals-A 0.01% 3,265 $13K No change
MOD Modine Manufacturing Co. 0.01% 100 $13K New
IYW iShares Ustechnology ETF 0.01% 66 $13K No change
ABT Abbott Laboratories 0.01% 104 $13K No change
IVE iShares S&P 500 Value ETF 0.01% 61 $13K No change
QBTS D-Wave Quantum Inc. 0.01% 480 $13K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.01% 25 $12K No change
VTIP Vanguard Short-Term Tips 0.01% 246 $12K Add +14.4%
GSK GSK PLC-Spon ADR 0.01% 248 $12K No change
JNK SS SPDR BB High Yield Bond 0.01% 125 $12K Add +13.6%
BSV Vanguard Short-Term Bond ETF 0.01% 154 $12K Add +13.2%
DOCN Digitalocean Holdings Inc. 0.01% 245 $12K New
F Ford Motor Co. filed as FORD MTR CO 0.01% 895 $12K No change
FTAI Ftai Aviation Ltd. 0.01% 58 $11K New
SMTC Semtech Corp. 0.01% 153 $11K New
JEPI JPMorgan Equity Premium Inco 0.01% 196 $11K Add +1.6%
NXPI NXP Semiconductors NV 0.01% 50 $11K Reduce -2.0%
VOOG Vanguard S&P 500 Growth ETF 0.01% 24 $11K No change
AMTM Amentum Holdings Inc. 0.01% 369 $11K No change
CRSP Crispr Therapeutics AG 0.01% 200 $10K New
DOCS Doximity Inc. Class A 0.01% 233 $10K New
KMB Kimberly-Clark Corp. 0.01% 100 $10K No change
BROS Dutch Bros Inc. Class A 0.01% 163 $10K New
IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A 0.01% 600 $10K New
SNOW Snowflake Inc. 0.01% 45 $10K Reduce -25.0%
CSX CSX Corp. 0.01% 271 $10K Add +0.4%
VGT Vanguard Info Tech ETF 0.01% 13 $10K No change
IREN Iren Ltd. filed as IREN LIMITED 0.01% 255 $10K No change
GEHC GE Healthcare Technology 0.01% 117 $10K No change
GMED Globus Medical Inc. Class A 0.01% 109 $10K New
ADI Analog Devices Inc. 0.01% 35 $9K Reduce -22.2%
RVLV Revolve Group Inc. Class A 0.01% 313 $9K New
AVAV Aerovironment Inc. 0.01% 39 $9K New
SPHQ Invesco S&P 500 Quality ETF 0.01% 125 $9K No change
CMG Chipotle Mexican Grill Inc. 0.01% 250 $9K No change
HALO Halozyme Therapeutics Inc. 0.01% 130 $9K New
SCJ iShares MSCI Japan Small-Cap 0.01% 94 $9K No change
WBD Warner Bros Discovery Inc. 0.01% 299 $9K Reduce -31.4%
ZETA Zeta Global Holdings Corp. Class A 0.01% 422 $9K New
NOC Northrop Grumman Corp. 0.01% 15 $9K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.01% 117 $9K No change
AMZP Kurv YLD Prem STR Amzn ETF 0.01% 296 $8K No change
INTA Intapp Inc. 0.01% 181 $8K New
ELF Elf Beauty Inc. 0.01% 105 $8K New
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.01% 100 $8K No change
LAR Lithium Argentina AG 0.01% 1,375 $8K No change
ZTS Zoetis Inc. 0.01% 60 $8K Add +1.7%
LTH Life Time Group Holdings Inc. 0.01% 276 $7K New
FYBR Frontier Communications Pare 0.01% 192 $7K New
BOOT Boot Barn Holdings Inc. 0.01% 41 $7K New
OLLI Ollie's Bargain Outlet Holdi 0.01% 66 $7K New
PANW Palo Alto Networks Inc. 0.01% 39 $7K Add +21.9%
HQY Healthequity Inc. 0.01% 78 $7K New
REKR Rekor Systems Inc. 0.01% 5,000 $7K No change
CRUS Cirrus Logic Inc. 0.01% 58 $7K New
FSLR First Solar Inc. 0.01% 25 $7K No change
MMSI Merit Medical Systems Inc. 0.01% 74 $7K New
APPF Appfolio Inc. Class A 0.01% 28 $7K New
SPEM State Street SP PTF Em ETF 0.01% 129 $6K New
VNQ Vanguard Real Estate ETF 0.01% 68 $6K Add +13.3%
LAC Lithium Americas Corp. 0.01% 1,375 $6K No change
IFRA iShares US Infrastructure 0.00% 111 $6K No change
WING Wingstop Inc. 0.00% 24 $6K New
CLOV Clover Health Investments Co. 0.00% 2,400 $6K No change
MSTR Strategy Inc. 0.00% 36 $5K No change
LRN Stride Inc. 0.00% 82 $5K New
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.00% 90 $5K Add +2.3%
FRPT Freshpet Inc. 0.00% 86 $5K New
DKNG Draftkings Inc. Class A 0.00% 150 $5K Reduce -41.2%
PLUG Plug Power Inc. 0.00% 2,415 $5K No change
SIGI Selective Insurance Group 0.00% 56 $5K No change
ECHO Echostar Corp. Class A 0.00% 43 $5K No change
BBEU JPMorgan Betabuilders Europe 0.00% 61 $4K New
PEG Public Service Enterprise GP 0.00% 54 $4K No change
FLUT Flutter Entertainment PLC-Di 0.00% 20 $4K No change
C Citigroup Inc. 0.00% 36 $4K Add +2.9%
ET Energy Transfer LP 0.00% 253 $4K Add +2.0%
SCHH Schwab US REIT ETF 0.00% 199 $4K Reduce -62.6%
DAY Dayforce Inc. 0.00% 58 $4K New
EWA iShares MSCI Australia ETF 0.00% 150 $4K No change
SOLZ Solana ETF 0.00% 300 $4K New
EOG EOG Resources Inc. 0.00% 36 $4K Add +2.9%
TKO Tko Group Holdings Inc. 0.00% 17 $4K No change
COIN Coinbase Global Inc. Class A 0.00% 15 $3K No change
KDP Keurig Dr Pepper Inc. 0.00% 120 $3K Reduce -98.6%
MBB iShares MBS ETF 0.00% 34 $3K No change
ABNB Airbnb Inc. Class A 0.00% 23 $3K Reduce -96.2%
CB Chubb Ltd. 0.00% 10 $3K No change
CMCSA Comcast Corp. Class A 0.00% 96 $3K Reduce -61.0%
PDBC Invesco Optimum Yield Divers 0.00% 182 $2K Add +9.6%
SILA Sila Realty Trust Inc. 0.00% 99 $2K No change
ETHA iShares Ethereum Trust ETF 0.00% 100 $2K Reduce -98.7%
RBLX Roblox Corp. Class A 0.00% 25 $2K No change
SCHA Schwab US Small-Cap ETF 0.00% 69 $2K New
HLN Haleon PLC-ADR 0.00% 190 $2K No change
KHC The Kraft Heinz Co. 0.00% 79 $2K Reduce -46.6%
WAB Wabtec Corp. 0.00% 8 $2K No change
RGTI Rigetti Computing Inc. 0.00% 60 $1K New
RLI Rli Corp. 0.00% 20 $1K No change
IPAC iShares Core MSCI Pacific Et 0.00% 13 $951 No change
PSKY Paramount Skydance Class B 0.00% 59 $790 No change
ARKG ARK Genomic Revolution ETF 0.00% 25 $728 No change
MIND MEDICINE MINDMED INC 0.00% 33 $441 No change
SOLS Solstice Adv Materials Inc. 0.00% 7 $340 No change
VTRS Viatris Inc. 0.00% 24 $298 No change
AIG American International Group 0.00% 3 $256 No change
BILI Bilibili Inc.-Sponsored ADR 0.00% 9 $221 No change
OGN Organon & Co. 0.00% 30 $215 No change
RIG Transocean Ltd. 0.00% 39 $161 No change
CHPT Chargepoint Holdings Inc. 0.00% 12 $79 No change
SPCE Virgin Galactic Holdings Inc. 0.00% 5 $16 No change
OGEN Oragenics Inc. 0.00% 1 $0 No change

Options reported separately and not counted above: KWEB puts ($296K), BOEING CO calls ($49K), ISHARES BITCOIN TRUST ETF puts ($7K), UBER TECHNOLOGIES INC puts ($6K), TAIWAN SEMICONDUCTOR MANUFAC puts ($3K), ORACLE CORP puts ($3K), PAYCHEX INC puts ($3K), META PLATFORMS INC puts ($2K), VALMONT INDS INC puts ($2K), AMAZON COM INC puts ($1K), ADVANCED MICRO DEVICES INC puts ($922), MONDELEZ INTL INC puts ($892), and 23 more.

Other holdings (1): bonds, preferreds, convertibles and warrants · $103K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 85$103KNew

Total filed on the 13F, all lines: $120.7M.

Portfolio Sells Q3 2025 → Q4 2025

MSFT Microsoft Corp. Reduce -1.8% 9.01% −1.48
CRWV Coreweave Inc. Class A Reduce -67.0% 0.17% −0.87
BA The Boeing Co. Reduce -47.2% 0.74% −0.75
J Jacobs Solutions Inc. Reduce -24.8% 1.01% −0.61
AVGO Broadcom Inc. Reduce -21.2% 1.63% −0.48
BKR Baker Hughes Co. Reduce -44.7% 0.38% −0.41
XME SS SPDR S&P Metals Mining Reduce -56.5% 0.26% −0.32
KWEB Kranesh Csi China Internet Sold out 0.00% −0.32
BABA Alibaba Group Holding-SP ADR Reduce -44.3% 0.20% −0.27
MRSH Marsh & McLennan Cos Reduce -41.4% 0.24% −0.24
ETHA iShares Ethereum Trust ETF Reduce -98.7% 0.00% −0.22
WMB Williams Cos Inc. Reduce -14.8% 0.67% −0.22
KDP Keurig Dr Pepper Inc. Reduce -98.6% 0.00% −0.19
GLW Corning Inc. Reduce -25.8% 0.55% −0.19
APD Air Products & Chemicals Inc. Reduce -79.3% 0.04% −0.19
R Ryder System Inc. Reduce -0.4% 3.19% −0.18
AAPL Apple Inc. Reduce -2.6% 6.38% −0.17
PRMB Primo Brands Corp. Reduce -49.1% 0.09% −0.17
CHD Church & Dwight Co. Inc. Reduce -0.1% 1.34% −0.16
RUN Sunrun Inc. Sold out 0.00% −0.15
BN Brookfield Corp. Reduce -59.8% 0.08% −0.14
CORZ Core Scientific Inc. Sold out 0.00% −0.12
PRSU Pursuit Attractions and Hosp Reduce -22.0% 0.21% −0.10
TXN Texas Instruments Inc. Reduce -30.3% 0.16% −0.10
CRCL Circle Internet Group Inc. Reduce -49.5% 0.04% −0.09
PLD Prologis Inc. Sold out 0.00% −0.08
CRDO Credo Technology Group Holdi Reduce -47.4% 0.07% −0.07
O Realty Income Corp. Reduce -71.0% 0.02% −0.07
SPHR Sphere Entertainment Co. Sold out 0.00% −0.07
ABNB Airbnb Inc. Class A Reduce -96.2% 0.00% −0.06
NVDA Nvidia Corp. Reduce -3.9% 0.46% −0.05
AMZN Amazon.com Inc. Reduce -1.7% 1.39% −0.05
T AT&T Inc. Reduce -7.3% 0.15% −0.05
SGOV iShares 0-3 Month Treasury B Reduce -44.3% 0.05% −0.04
PFE Pfizer Inc. Reduce -24.7% 0.09% −0.04
PEP Pepsico Inc. Reduce -0.3% 0.85% −0.04
PSX Phillips 66 Sold out 0.00% −0.04
STIP iShares 0-5 Year Tips Bond E Reduce -29.4% 0.04% −0.02
MLM Martin Marietta Materials Sold out 0.00% −0.02
QCOM Qualcomm Inc. Sold out 0.00% −0.02
VMC Vulcan Materials Co. Sold out 0.00% −0.02
ALE Allete Inc. Sold out 0.00% −0.02
DELL Dell Technologies -C Reduce -14.0% 0.04% −0.02
DIS The Walt Disney Co. Reduce -10.2% 0.08% −0.02
UNP Union Pacific Corp. Reduce -2.8% 0.13% −0.02
NKE Nike Inc. Class B Reduce -33.3% 0.02% −0.02
HTGC Hercules Capital Inc. Reduce -32.9% 0.02% −0.01
CVS CVS Health Corp. Reduce -37.0% 0.02% −0.01
LOW Lowe's Cos Inc. Sold out 0.00% −0.01
HPQ HP Inc. Reduce -26.8% 0.02% −0.01

Portfolio Buys Q3 2025 → Q4 2025

LLY Eli Lilly & Co. Add +3.3% 8.16% +2.17
GOOG Alphabet Inc. Class C Add +803.0% 1.11% +1.01
BMA Banco Macro SA-ADR Add +34.8% 1.19% +0.75
WMT Walmart Inc. Add +1723.5% 0.57% +0.54
TSM Taiwan Semiconductor-SP ADR Add +329.4% 0.59% +0.45
CENX Century Aluminum Company New 0.42% +0.42
TRGP Targa Resources Corp. Add +314.9% 0.48% +0.37
ANF Abercrombie & Fitch Co. Class A New 0.29% +0.29
GS Goldman Sachs Group Inc. Add +76.0% 0.52% +0.23
JAAA Janus Henderson Aaa Clo ETF New 0.23% +0.23
BIL SS SPDR BB 1-3M T-Bill ETF New 0.22% +0.22
GOOGL Alphabet Inc. Class A Add +6.0% 0.91% +0.20
LVS Las Vegas Sands Corp. New 0.18% +0.18
GLD SPDR Gold Shares Add +5.0% 1.74% +0.15
DRI Darden Restaurants Inc. New 0.15% +0.15
KEX Kirby Corp. New 0.14% +0.14
ACN Accenture PLC Class A Add +45.3% 0.41% +0.13
MSM MSC Industrial Direct Co. Class A New 0.12% +0.12
XLK SS Technology Select Sector New 0.12% +0.12
VOO Vanguard S&P 500 ETF Add +107.3% 0.24% +0.12
PLTR Palantir Technologies Inc. Class A Add +1505.8% 0.12% +0.11
VMI Valmont Industries Add +26.2% 0.53% +0.10
NOW ServiceNow Inc. New 0.10% +0.10
LIN Linde PLC New 0.09% +0.09
BRK.B Berkshire Hathaway Inc. Class B Add +121.0% 0.18% +0.09
SITE Siteone Landscape Supply Inc. New 0.08% +0.08
GRMN Garmin Ltd. New 0.08% +0.08
HIG Hartford Insurance Group Inc. Add +33.3% 0.33% +0.07
CRESY Cresud S.A.-Spons ADR Add +0.8% 0.31% +0.07
CIFR Cipher Digital Inc. Add +32.5% 0.23% +0.07
COF Capital One Financial Corp. New 0.07% +0.07
MCK McKesson Corp. New 0.07% +0.07
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.07% +0.07
JNJ Johnson & Johnson Add +2.2% 1.01% +0.06
AEP American Electric Power New 0.06% +0.06
GE General Electric Add +59.2% 0.17% +0.06
OXLC Oxford Lane Capital Corp. New 0.06% +0.06
TRV The Travelers Cos Inc. Add +10.8% 0.73% +0.05
SPY SS SPDR S&P 500 ETF Trust-US Add +6.7% 2.36% +0.05
NEE Nextera Energy Inc. Add +7.5% 0.75% +0.05
TOST Toast Inc. Class A New 0.04% +0.04
VTEB Vanguard Tax-Exempt Bond ETF Add +109.8% 0.08% +0.04
SPHB Invesco S&P 500 High Beta Et New 0.03% +0.03
TSLA Tesla Inc. New 0.03% +0.03
CSCO Cisco Systems Inc. Add +2.9% 0.42% +0.03
BND Vanguard Total Bond Market Add +109.8% 0.07% +0.03
GEV GE Vernova Inc. Add +17.8% 0.22% +0.03
DLR Digital Realty Trust Inc. Add +85.1% 0.09% +0.03
LITE Lumentum Holdings Inc. New 0.03% +0.03
IBIT iShares Bitcoin Trust ETF Add +82.2% 0.13% +0.03

Options Activity Q3 2025 → Q4 2025

KWEB Kranesh Csi China Internet put New 8,635 $296K
ELI LILLY & CO call Sold out 53 $53Kbefore exit
BOEING CO call New 29 $49K
APPLE INC call Sold out 7 $18Kbefore exit
ISHARES BITCOIN TRUST ETF put New 60 $7K
TAIWAN SEMICONDUCTOR MANUFAC put New 15 $3K
ORACLE CORP put New 2 $3K
PAYCHEX INC put Reduce -50.0% 2 $3K
RGTI Rigetti Computing Inc. put Sold out 60 $2Kbefore exit
META PLATFORMS INC put Add +100.0% 2 $2K
VALMONT INDS INC put New 3 $2K
AMAZON COM INC put Add +100.0% 8 $1K
HARTFORD INSURANCE GROUP INC put Sold out 10 $949before exit
MONDELEZ INTL INC put New 4 $892
ACCENTURE PLC IRELAND put Add +75.0% 7 $457
BOEING CO put New 3 $153
APPLE INC put Add +150.0% 5 $0

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 New 85 $103K
SAIC Science Applications Inte COM Sold out 0 $0before exit
XLE SS Energy Select Sector ST STR ENERG ETF Sold out 0 $0before exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 362$130.5MLLY, BIL, AAPL, JPM, MSFT
Q1 2026 312$124.8MBIL, LLY, AAPL, MSFT, JPM
Q4 2025 336$120.5MMSFT, LLY, AAPL, JPM, SPOT
Q3 2025 292$112.9MMSFT, AAPL, LLY, JPM, SPOT
Q2 2025 293$110.0MMSFT, LLY, SPOT, AAPL, JPM
Q1 2025 517$105.1MMSFT, LLY, AAPL, JPM, SPOT
Q4 2024 493$107.4MMSFT, AAPL, LLY, JPM, GGAL
Q3 2024 491$115.1MMSFT, LLY, AAPL, SPOT, JPM
Q2 2024 300$104.3MMSFT, LLY, AAPL, MRK, SPOT
Q1 2024 291$100.9MMSFT, LLY, AAPL, MRK, JPM