Citigroup Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Citigroup Inc. reported 4,536 stock positions worth $130.9 billion. Its top holding was Nvidia (NVDA) at 4.2% of the portfolio, followed by Apple (AAPL, 4.1%) and Microsoft (MSFT, 3.8%). Compared with Q4 2024, it opened 151 new positions, sold out of 373, added to 1,969 and reduced 2,246. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +849%) and the biggest sale Jefferies Financial (JEF, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000831001
- Portfolio Value
- $130.9B (Q1 2025)
- SEC Filing
- 0000831001-25-000103 ↗ filed May 12, 2025
Holdings Value
Holdings 4,536 stocks · $130.9B
| NVDA Nvidia Corp. | 4.25% | 51,315,744 | $5.6B | Add +48.3% |
| AAPL Apple Inc. | 4.14% | 24,379,139 | $5.4B | Add +62.6% |
| MSFT Microsoft Corp. | 3.77% | 13,158,353 | $4.9B | Add +75.9% |
| AMZN Amazon.com Inc. | 2.83% | 19,458,554 | $3.7B | Add +64.5% |
| TSLA Tesla Inc. | 2.23% | 11,266,931 | $2.9B | Add +47.2% |
| TLT iShares 20+ Year Treasury BD | 1.92% | 27,563,038 | $2.5B | Add +848.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.64% | 3,846,099 | $2.2B | Add +332.7% |
| GOOGL Alphabet Inc. Class A | 1.61% | 13,669,670 | $2.1B | Add +56.7% |
| META Meta Platforms Inc. Class A | 1.57% | 3,557,957 | $2.1B | Add +74.4% |
| AVGO Broadcom Inc. | 1.36% | 10,653,537 | $1.8B | Add +13.5% |
| VOO Vanguard S&P 500 ETF | 1.02% | 2,593,096 | $1.3B | Add +23.0% |
| JPM JPMorgan Chase & Co. | 1.00% | 5,329,090 | $1.3B | Add +22.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.97% | 30,438,962 | $1.3B | Add +204.8% |
| GOOG Alphabet Inc. Class C | 0.95% | 7,941,492 | $1.2B | Add +51.3% |
| V Visa Inc. Class A | 0.89% | 3,311,273 | $1.2B | Add +49.6% |
| UNH Unitedhealth Group Inc. | 0.86% | 2,150,190 | $1.1B | Add +85.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.83% | 2,326,327 | $1.1B | Add +150.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.75% | 1,835,317 | $977.5M | Add +74.6% |
| LLY Eli Lilly & Co. | 0.72% | 1,143,690 | $944.6M | Add +63.6% |
| XBI SS SPDR S&P Biotech ETF | 0.65% | 10,477,966 | $849.8M | Reduce -6.0% |
| NFLX Netflix Inc. | 0.63% | 884,142 | $824.5M | Add +58.5% |
| PANW Palo Alto Networks Inc. | 0.59% | 4,543,312 | $775.3M | Add +23.3% |
| ABBV Abbvie Inc. | 0.51% | 3,199,971 | $670.5M | Add +30.8% |
| PG The Procter & Gamble Co. | 0.49% | 3,764,337 | $641.5M | Add +55.5% |
| COST Costco Wholesale Corp. | 0.48% | 669,378 | $633.1M | Add +24.6% |
| CVX Chevron Corp. | 0.48% | 3,751,659 | $627.6M | Add +46.5% |
| AMD Advanced Micro Devices | 0.47% | 5,968,541 | $613.2M | Add +4.4% |
| QCOM Qualcomm Inc. | 0.44% | 3,791,962 | $582.5M | Reduce -1.2% |
| WMT Walmart Inc. | 0.43% | 6,431,695 | $564.6M | Add +46.6% |
| HD Home Depot Inc. | 0.43% | 1,530,458 | $560.9M | Add +40.0% |
| ABT Abbott Laboratories | 0.43% | 4,224,548 | $560.4M | Add +63.0% |
| MRK Merck & Co. Inc. | 0.43% | 6,232,594 | $559.4M | Add +31.5% |
| XLI SS Industrial Select Sector | 0.43% | 4,260,733 | $558.5M | Reduce -22.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.42% | 3,297,220 | $547.3M | Add +75.1% |
| INTC Intel Corp. | 0.41% | 23,598,416 | $535.9M | Add +17.9% |
| XOM Exxon Mobil Corp. | 0.41% | 4,502,314 | $535.5M | Add +13.0% |
| MA Mastercard Inc. Class A | 0.39% | 942,751 | $516.7M | Add +67.0% |
| CRM Salesforce Inc. | 0.39% | 1,921,619 | $515.7M | Add +36.1% |
| AMAT Applied Materials Inc. | 0.39% | 3,551,850 | $515.4M | Add +31.1% |
| TXN Texas Instruments Inc. | 0.39% | 2,845,088 | $511.3M | Add +1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 1,025,393 | $510.2M | Add +30.7% |
| BKNG Booking Holdings Inc. | 0.38% | 106,941 | $492.7M | Add +52.1% |
| IWM iShares Russell 2000 ETF | 0.37% | 2,412,002 | $481.2M | Add +180.3% |
| ORCL Oracle Corp. | 0.36% | 3,410,117 | $476.8M | Add +51.8% |
| SE Sea Ltd.-ADR | 0.36% | 3,587,404 | $468.1M | Add +28.9% |
| KO The Coca-Cola Co. | 0.36% | 6,492,956 | $465.0M | Add +55.7% |
| MCD McDonald's Corp. | 0.35% | 1,451,384 | $453.4M | Add +42.1% |
| XLF SS Financial Select Sector | 0.35% | 9,097,378 | $453.1M | Reduce -12.9% |
| ADBE Adobe Inc. | 0.34% | 1,146,321 | $439.6M | Add +61.4% |
| CSCO Cisco Systems Inc. | 0.33% | 7,067,207 | $436.1M | Add +13.2% |
| JNJ Johnson & Johnson | 0.33% | 2,609,891 | $432.8M | Add +57.6% |
| RTX RTX Corp. | 0.32% | 3,168,270 | $419.7M | Add +19.9% |
| BLK BlackRock Inc. | 0.32% | 437,451 | $414.0M | Add +72.9% |
| IEMG iShares Core MSCI Emerging | 0.31% | 7,615,279 | $411.0M | Add +1.5% |
| IBB iShares Biotechnology ETF | 0.31% | 3,208,144 | $410.3M | Add +72.8% |
| KR Kroger Co. | 0.29% | 5,627,544 | $380.9M | Add +928.2% |
| FER Ferrovial NV | 0.29% | 8,546,672 | $380.2M | Add +0.8% |
| LRCX Lam Research Corp. | 0.29% | 5,204,457 | $378.4M | Reduce -1.4% |
| PEP Pepsico Inc. | 0.28% | 2,458,951 | $368.7M | Add +25.5% |
| STLA Stellantis NV | 0.28% | 32,365,998 | $362.8M | Add +27.9% |
| LIN Linde PLC | 0.27% | 763,322 | $355.4M | Add +3.0% |
| VZ Verizon Communications Inc. | 0.27% | 7,809,187 | $354.2M | Add +87.4% |
| UBER Uber Technologies Inc. | 0.27% | 4,820,487 | $351.2M | Add +68.6% |
| BABA Alibaba Group Holding-SP ADR | 0.27% | 2,649,446 | $350.3M | Reduce -5.1% |
| MU Micron Technology Inc. | 0.26% | 3,971,747 | $345.1M | Reduce -8.9% |
| TMUS T-Mobile US Inc. | 0.26% | 1,282,326 | $342.0M | Add +1.1% |
| AGG iShares Core U.S. Aggregate | 0.26% | 3,452,100 | $341.5M | Reduce -4.5% |
| VONG Vanguard Russell 1000 Growth | 0.26% | 3,675,208 | $341.0M | Add +3.3% |
| UNP Union Pacific Corp. | 0.26% | 1,424,599 | $336.5M | Add +111.9% |
| INTU Intuit Inc. | 0.26% | 545,580 | $335.0M | Add +33.8% |
| T AT&T Inc. | 0.25% | 11,760,294 | $332.6M | Add +188.6% |
| NEM Newmont Corp. | 0.25% | 6,760,358 | $326.4M | Add +130.1% |
| ISRG Intuitive Surgical Inc. | 0.25% | 657,740 | $325.8M | Add +43.9% |
| ACN Accenture PLC Class A | 0.25% | 1,043,216 | $325.5M | Add +95.3% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.25% | 4,074,346 | $321.4M | Add +1109.4% |
| ADI Analog Devices Inc. | 0.25% | 1,593,334 | $321.3M | Reduce -4.2% |
| CAT Caterpillar Inc. | 0.24% | 964,428 | $318.1M | Add +37.9% |
| KLAC KLA Corp. | 0.24% | 464,649 | $315.9M | Reduce -5.4% |
| MS Morgan Stanley | 0.24% | 2,686,631 | $313.4M | Add +35.5% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 3,713,695 | $313.4M | Add +36.5% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 6,814,767 | $308.4M | Add +2.6% |
| FISV Fiserv Inc. | 0.23% | 1,393,268 | $307.7M | Add +76.9% |
| FCX Freeport-McMoran Inc. | 0.23% | 8,079,787 | $305.9M | Add +13.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.23% | 627,715 | $304.3M | Add +35.9% |
| NOW ServiceNow Inc. | 0.23% | 376,249 | $299.5M | Reduce -6.8% |
| XLE SS Energy Select Sector | 0.23% | 3,177,782 | $297.0M | Add +238.4% |
| DE Deere & Co. | 0.23% | 629,039 | $295.2M | Add +93.5% |
| XOP SS SPDR S&P Og Exp & Prod | 0.22% | 2,217,044 | $292.0M | Add +241.9% |
| SPGI S&P Global Inc. | 0.22% | 573,926 | $291.6M | Reduce -49.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 1,171,831 | $291.4M | Add +31.7% |
| BSX Boston Scientific Corp. | 0.22% | 2,887,969 | $291.3M | Reduce -8.0% |
| WFC Wells Fargo & Co. | 0.22% | 4,046,497 | $290.5M | Add +33.7% |
| IDEV iShares Core MSCI Dev MKTS | 0.22% | 4,199,533 | $289.3M | Reduce -25.2% |
| MDLZ Mondelez International Inc. Class A | 0.22% | 4,236,429 | $287.4M | Add +15.7% |
| GLD SPDR Gold Shares | 0.22% | 989,394 | $285.1M | Reduce -54.4% |
| BA The Boeing Co. | 0.22% | 1,671,442 | $285.1M | Reduce -20.2% |
| FXI iShares China Large-Cap ETF | 0.22% | 7,864,457 | $281.9M | Reduce -67.9% |
| AMGN Amgen Inc. | 0.21% | 883,358 | $275.2M | Add +26.9% |
| VEA Vanguard Ftse Developed ETF | 0.21% | 5,369,174 | $272.9M | Reduce -12.1% |
| ADP Automatic Data Processing | 0.21% | 891,693 | $272.4M | Add +41.3% |
Options reported separately and not counted above: QQQ puts ($12.0B), GLD calls ($4.0B), IWM puts ($3.9B), HYG puts ($2.7B), IWM calls ($2.0B), TSLA puts ($1.8B), TLT calls ($1.6B), XLI puts ($1.2B), QQQ calls ($1.1B), AAPL puts ($1.1B), SPY puts ($1.0B), NVDA calls ($982.9M), and 781 more.
Other holdings (204): bonds, preferreds, convertibles and warrants · $596.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 2,013,956 | $120.5M | New |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 17,314,000 | $17.3M | Add +344.4% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 326,540 | $15.7M | Add +4.3% |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 6,532,000 | $15.5M | New |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 14,043,000 | $13.5M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 8,416,000 | $10.1M | Add +84060.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 206,300 | $9.9M | Reduce -14.0% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 4,016,000 | $9.3M | Add +2897.0% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 6,276,000 | $9.2M | Reduce -12.8% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 183,850 | $8.2M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 6,566 | $8.1M | Add +5.9% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 8,576,000 | $7.9M | Add +186.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,559 | $7.9M | Add +6.6% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 157,164 | $7.8M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 103,824 | $7.6M | Add +164.7% |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | 3,104,000 | $7.5M | Add +456.3% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 6,991,000 | $7.5M | Add +13090.6% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 7,585,000 | $7.3M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 6,020,000 | $7.1M | Add +65.9% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 5,501,000 | $7.1M | Add +221.5% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 6,506,000 | $6.3M | Add +467.7% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 4,402,000 | $6.2M | Reduce -70.7% |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 5,438,000 | $6.2M | Add +157.0% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 6,427,000 | $6.1M | Add +128440.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 4,594,000 | $5.9M | Add +141.7% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 6,040,000 | $5.9M | Add +1410.0% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 5,079,000 | $5.7M | Add +27.5% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 5,634,000 | $5.5M | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 5,169,000 | $5.4M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 4,782,000 | $5.1M | Add +1371.4% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 4,048,000 | $4.9M | Add +748.6% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 4,000,000 | $4.9M | Add +100.0% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 4,520,000 | $4.8M | Add +326.8% |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 4,831,000 | $4.8M | Add +534.8% |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 4,154,000 | $4.6M | Add +20.8% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 4,572,000 | $4.5M | Reduce -34.7% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 4,591,000 | $4.5M | Reduce -14.3% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 4,410,000 | $4.3M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 4,293,000 | $4.2M | Add +211.3% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 3,948,000 | $4.2M | Add +28100.0% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 4,163,000 | $4.2M | Add +14.7% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 2,936,000 | $4.1M | New |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 5,019,000 | $4.1M | Add +216.1% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 3,801,000 | $4.0M | Reduce -0.2% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 3,684,000 | $4.0M | Reduce -2.6% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 3,741,000 | $3.9M | Add +348.6% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 4,134,000 | $3.9M | Add +269.8% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 3,950,000 | $3.8M | Add +97.5% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 3,775,000 | $3.8M | Reduce -0.2% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 3,997,000 | $3.7M | New |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 3,292,000 | $3.6M | Reduce -42.7% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 92,652 | $3.3M | Add +70.2% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 3,600,000 | $3.3M | Add +18.9% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 3,839,000 | $3.3M | Add +9040.5% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 3,081,000 | $3.2M | Add +13295.6% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 3,545,000 | $3.2M | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 3,700,000 | $3.1M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 2,191,000 | $3.0M | Add +4663.0% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 3,061,000 | $2.9M | Add +211.7% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 2,474,000 | $2.9M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 59,006 | $2.8M | Reduce -28.9% |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | 2,990,000 | $2.7M | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 3,021,000 | $2.6M | Reduce -27.7% |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 2,390,000 | $2.6M | Add +7.7% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 2,993,000 | $2.5M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,128,000 | $2.5M | New |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 2,140,000 | $2.4M | Add +71233.3% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 2,709,000 | $2.4M | Reduce -70.4% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 50,500 | $2.3M | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 41,837 | $2.3M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 2,182,000 | $2.2M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 1,851,000 | $2.2M | Reduce -20.9% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 2,021,000 | $2.2M | Add +65.5% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 2,300,000 | $2.2M | New |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 1,816,000 | $2.1M | Add +81.6% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 1,898,000 | $2.1M | Reduce -69.8% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 2,076,000 | $2.0M | New |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 2,256,000 | $2.0M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 2,002,000 | $2.0M | Add +53.2% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 2,049,000 | $1.9M | Reduce -28.5% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 2,196,000 | $1.9M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 2,186,000 | $1.9M | Add +56.6% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 1,927,000 | $1.9M | New |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 1,933,000 | $1.9M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 1,841,000 | $1.9M | Reduce -41.9% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,946,000 | $1.9M | Add +396.4% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 1,709,000 | $1.8M | Add +954.9% |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 2,875,000 | $1.8M | Add +110.5% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 1,835,000 | $1.8M | New |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,704,000 | $1.7M | New |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 1,502,000 | $1.7M | Reduce -16.6% |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 1,409,000 | $1.5M | Add +2.2% |
| LIVONGO HEALTH (TDOC 0.875 06/01/25) | NOTE 0.875% 6/0 · principal | 1,550,000 | $1.5M | Add +181.8% |
| REDFIN CORP (RDFN 0 10/15/25) | NOTE 10/1 · principal | 1,553,000 | $1.5M | No change |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 361,000 | $1.5M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 1,329,000 | $1.5M | Reduce -63.0% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 1,391,000 | $1.3M | Reduce -7.7% |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 635,000 | $1.3M | Add +535.0% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 1,567,000 | $1.2M | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 503,000 | $1.2M | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 1,196,000 | $1.2M | Reduce -62.7% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 1,161,000 | $1.2M | New |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 1,122,000 | $1.1M | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 1,200,000 | $1.1M | New |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 837,000 | $1.1M | Reduce -78.9% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 1,159,000 | $1.1M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 1,122,000 | $1.1M | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 764,000 | $1.1M | Add +203.2% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,021,000 | $1.1M | New |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 552,000 | $962K | No change |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 996,000 | $921K | Reduce -83.7% |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 900,000 | $896K | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 852,000 | $879K | Add +70.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 16,000 | $805K | New |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 668,000 | $762K | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 1,101,000 | $760K | New |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 1,043,000 | $756K | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 648,000 | $742K | Add +222.4% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 725,000 | $728K | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 841,000 | $724K | Add +48.9% |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 3,030,000 | $723K | Add +0.5% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 811,000 | $723K | Add +363.4% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 1,262,000 | $713K | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 650,000 | $696K | Reduce -38.0% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 650,000 | $624K | Reduce -73.6% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 552,000 | $610K | Reduce -23.4% |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | 603,000 | $597K | Reduce -76.9% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 624,000 | $581K | Reduce -85.1% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 615,000 | $578K | New |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 570,000 | $543K | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 523,000 | $519K | Add +0.6% |
| TELADOC HEALTH INC (TDOC 1.375 05/15/25) | Convertible · principal | 500,000 | $495K | No change |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | 500,000 | $495K | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 463,000 | $489K | New |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 345,000 | $471K | Add +11400.0% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 484,000 | $449K | Reduce -76.3% |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 348,000 | $361K | Add +8600.0% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 488,000 | $358K | Add +234.3% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 356,000 | $348K | Add +54.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 365,000 | $336K | New |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 235,000 | $311K | Add +535.1% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 291,000 | $299K | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 294,000 | $295K | New |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 301,000 | $293K | Add +490.2% |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 337,000 | $291K | Add +891.2% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 293,000 | $285K | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 255,000 | $269K | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 221,000 | $269K | Reduce -55.1% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 296,000 | $268K | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 236,000 | $261K | No change |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 250,000 | $241K | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 260,000 | $240K | Add +8566.7% |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 264,000 | $239K | Add +34.7% |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 248,000 | $236K | No change |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 248,000 | $235K | Add +67.6% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 938,000 | $235K | No change |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 250,000 | $223K | Add +25.0% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 82,000 | $220K | New |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 189,000 | $174K | Reduce -0.5% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 143,000 | $168K | New |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 159,000 | $158K | Reduce -92.2% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 61,000 | $150K | Add +84.8% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 110,000 | $145K | New |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 203,000 | $136K | No change |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 1,229,000 | $135K | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 145,000 | $124K | No change |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | 131,000 | $119K | No change |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | 1,485,000 | $119K | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 48,000 | $117K | Reduce -5.9% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 118,000 | $111K | New |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 64,000 | $110K | New |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 96,000 | $105K | Reduce -23.2% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 107,000 | $101K | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 81,000 | $98K | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 92,000 | $90K | Reduce -95.4% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 88,000 | $87K | Add +14.3% |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | 83,000 | $83K | New |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 72,000 | $74K | No change |
| PAGERDUTY INC. (PD 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | 72,000 | $71K | No change |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 68,000 | $70K | No change |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 70,000 | $69K | Reduce -58.8% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 79,000 | $67K | New |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 60,000 | $59K | No change |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 46,000 | $45K | New |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 51,000 | $44K | Reduce -1.9% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 44,000 | $43K | New |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 51,000 | $42K | No change |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 43,000 | $40K | New |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 39,000 | $37K | No change |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 31,000 | $30K | Reduce -68.4% |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 82,000 | $22K | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 14,000 | $15K | New |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 15,000 | $14K | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 14,000 | $12K | New |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 8,000 | $7K | New |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 2,000 | $6K | No change |
| APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) | NOTE 3.500% 9/1 · principal | 6,000 | $6K | No change |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 5,000 | $5K | No change |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 5,000 | $5K | New |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | 4,000 | $4K | No change |
Largest 200 of 204 shown.
Total filed on the 13F, all lines: $131.5B.
Portfolio Sells Q4 2024 → Q1 2025
| JEF Jefferies Financial Group Inc. | Reduce -94.0% | 0.02% | −0.58 |
| FXI iShares China Large-Cap ETF | Reduce -67.9% | 0.22% | −0.50 |
| SPGI S&P Global Inc. | Reduce -49.4% | 0.22% | −0.32 |
| XBI SS SPDR S&P Biotech ETF | Reduce -6.0% | 0.65% | −0.32 |
| GLD SPDR Gold Shares | Reduce -54.4% | 0.22% | −0.29 |
| XLI SS Industrial Select Sector | Reduce -22.0% | 0.43% | −0.27 |
| MRVL Marvell Technology Inc. | Reduce -5.2% | 0.16% | −0.23 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -48.9% | 0.15% | −0.20 |
| NOW ServiceNow Inc. | Reduce -6.8% | 0.23% | −0.18 |
| ON On Semiconductor | Reduce -32.4% | 0.09% | −0.17 |
| RSP Invesco S&P 500 Equal Weight | Reduce -34.0% | 0.15% | −0.14 |
| KKR KKR & Co. Inc. | Reduce -44.8% | 0.07% | −0.14 |
| XLF SS Financial Select Sector | Reduce -12.9% | 0.35% | −0.14 |
| BA The Boeing Co. | Reduce -20.2% | 0.22% | −0.14 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -26.6% | 0.17% | −0.13 |
| SRE Sempra | Reduce -21.5% | 0.14% | −0.13 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -25.2% | 0.22% | −0.13 |
| QCOM Qualcomm Inc. | Reduce -1.2% | 0.44% | −0.12 |
| EWH iShares MSCI Hong Kong ETF | Reduce -98.6% | 0.00% | −0.11 |
| NXPI NXP Semiconductors NV | Reduce -16.0% | 0.15% | −0.10 |
| MCHP Microchip Technology Inc. | Reduce -13.7% | 0.13% | −0.10 |
| ADI Analog Devices Inc. | Reduce -4.2% | 0.25% | −0.10 |
| ENTG Entegris Inc. | Reduce -49.3% | 0.05% | −0.09 |
| MU Micron Technology Inc. | Reduce -8.9% | 0.26% | −0.09 |
| ITB iShares U.S. Home Constructi | Reduce -85.1% | 0.01% | −0.09 |
| TER Teradyne Inc. | Reduce -20.9% | 0.06% | −0.08 |
| XHB SS SPDR S&P Homebldrs ETF | Reduce -58.4% | 0.04% | −0.08 |
| GDX Vaneck Gold Miners ETF | Reduce -76.8% | 0.03% | −0.08 |
| LRCX Lam Research Corp. | Reduce -1.4% | 0.29% | −0.08 |
| FERG Ferguson Enterprises Inc. | Reduce -82.1% | 0.01% | −0.08 |
| MPWR Monolithic Power Systems Inc. | Reduce -21.4% | 0.12% | −0.08 |
| AGG iShares Core U.S. Aggregate | Reduce -4.5% | 0.26% | −0.08 |
| WSM Williams-Sonoma Inc. | Reduce -74.6% | 0.02% | −0.08 |
| WBD Warner Bros Discovery Inc. | Reduce -46.7% | 0.06% | −0.07 |
| ET Energy Transfer LP | Reduce -18.8% | 0.12% | −0.07 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -37.7% | 0.07% | −0.07 |
| VEA Vanguard Ftse Developed ETF | Reduce -12.1% | 0.21% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -5.8% | 0.20% | −0.07 |
| EWZ iShares MSCI Brazil ETF | Reduce -75.8% | 0.02% | −0.07 |
| CVNA Carvana Co. | Reduce -74.8% | 0.02% | −0.07 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -22.7% | 0.07% | −0.07 |
| MSTR Strategy Inc. | Reduce -41.2% | 0.06% | −0.07 |
| CDNS Cadence Design SYS Inc. | Reduce -13.6% | 0.09% | −0.07 |
| ASHR Xtrackers Harvest Csi 300 CH | Reduce -83.4% | 0.01% | −0.07 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.5% | 0.14% | −0.06 |
| STLD Steel Dynamics Inc. | Reduce -72.0% | 0.02% | −0.06 |
| NUE Nucor Corp. | Reduce -57.6% | 0.03% | −0.06 |
| UBS UBS Group AG-Reg | Reduce -11.3% | 0.14% | −0.06 |
| CHTR Charter Communications Inc. Class A | Reduce -28.3% | 0.09% | −0.06 |
| SWKS Skyworks Solutions Inc. | Reduce -15.2% | 0.06% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| TLT iShares 20+ Year Treasury BD | Add +848.6% | 1.92% | +1.67 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +332.7% | 1.64% | +1.14 |
| MSFT Microsoft Corp. | Add +75.9% | 3.77% | +0.73 |
| BAC Bank of America Corp. | Add +204.8% | 0.97% | +0.55 |
| AAPL Apple Inc. | Add +62.6% | 4.14% | +0.52 |
| META Meta Platforms Inc. Class A | Add +74.4% | 1.57% | +0.41 |
| QQQ Invesco QQQ Trust Series 1 | Add +150.3% | 0.83% | +0.38 |
| AMZN Amazon.com Inc. | Add +64.5% | 2.83% | +0.33 |
| UNH Unitedhealth Group Inc. | Add +85.0% | 0.86% | +0.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +74.6% | 0.75% | +0.29 |
| KR Kroger Co. | Add +928.2% | 0.29% | +0.26 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +1109.4% | 0.25% | +0.22 |
| V Visa Inc. Class A | Add +49.6% | 0.89% | +0.21 |
| LLY Eli Lilly & Co. | Add +63.6% | 0.72% | +0.20 |
| IWM iShares Russell 2000 ETF | Add +180.3% | 0.37% | +0.18 |
| T AT&T Inc. | Add +188.6% | 0.25% | +0.16 |
| NFLX Netflix Inc. | Add +58.5% | 0.63% | +0.15 |
| XLE SS Energy Select Sector | Add +238.4% | 0.23% | +0.15 |
| ABT Abbott Laboratories | Add +63.0% | 0.43% | +0.15 |
| NEM Newmont Corp. | Add +130.1% | 0.25% | +0.14 |
| XOP SS SPDR S&P Og Exp & Prod | Add +241.9% | 0.22% | +0.14 |
| CVX Chevron Corp. | Add +46.5% | 0.48% | +0.12 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +573.5% | 0.14% | +0.12 |
| PGR Progressive Corp. | Add +180.1% | 0.18% | +0.11 |
| VZ Verizon Communications Inc. | Add +87.4% | 0.27% | +0.11 |
| UNP Union Pacific Corp. | Add +111.9% | 0.26% | +0.11 |
| MA Mastercard Inc. Class A | Add +67.0% | 0.39% | +0.11 |
| EEM iShares MSCI Emerging Market | Add +175.7% | 0.19% | +0.11 |
| KO The Coca-Cola Co. | Add +55.7% | 0.36% | +0.10 |
| UBER Uber Technologies Inc. | Add +68.6% | 0.27% | +0.10 |
| JNJ Johnson & Johnson | Add +57.6% | 0.33% | +0.10 |
| PG The Procter & Gamble Co. | Add +55.5% | 0.49% | +0.10 |
| JHX James Hardie Ord | Add +59775.3% | 0.10% | +0.10 |
| EFA iShares MSCI Eafe ETF | Add +292.4% | 0.14% | +0.10 |
| ABBV Abbvie Inc. | Add +30.8% | 0.51% | +0.09 |
| DE Deere & Co. | Add +93.5% | 0.23% | +0.09 |
| FISV Fiserv Inc. | Add +76.9% | 0.23% | +0.08 |
| IBB iShares Biotechnology ETF | Add +72.8% | 0.31% | +0.08 |
| RDDT Reddit Inc. Class A | Add +1556.5% | 0.09% | +0.08 |
| SE Sea Ltd.-ADR | Add +28.9% | 0.36% | +0.07 |
| SNOW Snowflake Inc. | Add +321.1% | 0.10% | +0.07 |
| ACN Accenture PLC Class A | Add +95.3% | 0.25% | +0.07 |
| LOW Lowe's Cos Inc. | Add +124.1% | 0.17% | +0.07 |
| BLK BlackRock Inc. | Add +72.9% | 0.32% | +0.07 |
| PFE Pfizer Inc. | Add +97.1% | 0.20% | +0.07 |
| EOG EOG Resources Inc. | Add +164.6% | 0.12% | +0.06 |
| PM Philip Morris International | Add +45.0% | 0.19% | +0.06 |
| RCL Royal Caribbean Cruises Ltd. | Add +172.5% | 0.13% | +0.06 |
| MCD McDonald's Corp. | Add +42.1% | 0.35% | +0.06 |
| IGV iShares Expanded Tech-Softwa | Add +321.4% | 0.09% | +0.06 |
Options Activity Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | put | Add +306.3% | 25,544,900 | $12.0B |
| GLD SPDR Gold Shares | call | Reduce -2.3% | 13,888,500 | $4.0B |
| IWM iShares Russell 2000 ETF | put | Reduce -8.3% | 19,525,400 | $3.9B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +57.0% | 34,667,600 | $2.7B |
| IWM iShares Russell 2000 ETF | call | Add +29.9% | 10,117,300 | $2.0B |
| TSLA Tesla Inc. | put | Reduce -35.9% | 7,037,900 | $1.8B |
| TLT iShares 20+ Year Treasury BD | call | Add +1455.3% | 17,569,000 | $1.6B |
| XLI SS Industrial Select Sector | put | Add +8.1% | 8,982,400 | $1.2B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +16.4% | 2,329,000 | $1.1B |
| AAPL Apple Inc. | put | Reduce -22.0% | 4,792,200 | $1.1B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +14.9% | 1,823,500 | $1.0B |
| NVDA Nvidia Corp. | call | Reduce -1.1% | 9,068,900 | $982.9M |
| NVDA Nvidia Corp. | put | Reduce -29.3% | 9,062,000 | $982.1M |
| INTU Intuit Inc. | put | Add +1664.4% | 1,258,000 | $772.4M |
| XLI SS Industrial Select Sector | call | Add +10.7% | 5,803,400 | $760.7M |
| EEM iShares MSCI Emerging Market | put | Reduce -19.3% | 16,663,900 | $728.2M |
| META Meta Platforms Inc. Class A | put | Reduce -27.1% | 1,042,400 | $600.8M |
| MSFT Microsoft Corp. | put | Reduce -26.1% | 1,508,700 | $566.4M |
| GLD SPDR Gold Shares | put | Add +398.8% | 1,834,600 | $528.6M |
| XLF SS Financial Select Sector | put | Reduce -51.6% | 9,308,000 | $463.6M |
| CVNA Carvana Co. | put | Reduce -62.9% | 2,200,000 | $460.0M |
| TSLA Tesla Inc. | call | Reduce -29.7% | 1,752,200 | $454.1M |
| AAPL Apple Inc. | call | Reduce -24.8% | 1,928,600 | $428.4M |
| EFA iShares MSCI Eafe ETF | put | Reduce -14.3% | 5,095,000 | $416.4M |
| AMZN Amazon.com Inc. | put | Reduce -17.2% | 2,127,500 | $404.8M |
| EEM iShares MSCI Emerging Market | call | Reduce -45.0% | 9,183,400 | $401.3M |
| NFLX Netflix Inc. | put | Reduce -36.0% | 368,300 | $343.5M |
| MSFT Microsoft Corp. | call | Reduce -21.3% | 848,400 | $318.5M |
| VZ Verizon Communications Inc. | put | Reduce -5.1% | 6,577,000 | $298.3M |
| PANW Palo Alto Networks Inc. | put | Add +583.9% | 1,728,800 | $295.0M |
| BABA Alibaba Group Holding-SP ADR | put | Add +7.2% | 2,223,500 | $294.0M |
| XLF SS Financial Select Sector | call | Reduce -54.5% | 5,885,000 | $293.1M |
| COST Costco Wholesale Corp. | put | Reduce -15.8% | 293,300 | $277.4M |
| META Meta Platforms Inc. Class A | call | Reduce -44.8% | 471,700 | $271.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -60.2% | 463,300 | $259.2M |
| CELH Celsius Holdings Inc. | call | Add +111.3% | 7,080,000 | $252.2M |
| GOOGL Alphabet Inc. Class A | put | Reduce -29.8% | 1,595,500 | $246.7M |
| MCD McDonald's Corp. | put | Reduce -10.1% | 788,500 | $246.3M |
| AVGO Broadcom Inc. | put | Add +24.7% | 1,450,400 | $242.8M |
| TXN Texas Instruments Inc. | put | Reduce -6.2% | 1,281,200 | $230.2M |
| ABBV Abbvie Inc. | call | Reduce -12.6% | 1,085,800 | $227.5M |
| EFA iShares MSCI Eafe ETF | call | Reduce -25.1% | 2,659,000 | $217.3M |
| LLY Eli Lilly & Co. | put | Add +18.3% | 259,000 | $213.9M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Reduce -25.6% | 401,000 | $213.6M |
| ABBV Abbvie Inc. | put | Reduce -39.3% | 969,600 | $203.2M |
| ORCL Oracle Corp. | put | Reduce -13.1% | 1,421,400 | $198.7M |
| TLT iShares 20+ Year Treasury BD | put | Add +25.1% | 2,166,500 | $197.2M |
| BABA Alibaba Group Holding-SP ADR | call | Reduce -9.3% | 1,482,000 | $196.0M |
| XLE SS Energy Select Sector | call | Reduce -32.1% | 2,095,000 | $195.8M |
| STLA Stellantis NV | put | Add +45.5% | 17,345,000 | $194.4M |
Showing the first 50 of 930.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 2,013,956 | $120.5M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +344.4% | 17,314,000 | $17.3M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +4.3% | 326,540 | $15.7M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | New | 6,532,000 | $15.5M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +84060.0% | 8,416,000 | $10.1M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -14.0% | 206,300 | $9.9M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Add +2897.0% | 4,016,000 | $9.3M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -12.8% | 6,276,000 | $9.2M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 183,850 | $8.2M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +5.9% | 6,566 | $8.1M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +186.3% | 8,576,000 | $7.9M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +6.6% | 6,559 | $7.9M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 157,164 | $7.8M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +164.7% | 103,824 | $7.6M |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | Add +456.3% | 3,104,000 | $7.5M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Add +13090.6% | 6,991,000 | $7.5M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | New | 7,585,000 | $7.3M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +65.9% | 6,020,000 | $7.1M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +221.5% | 5,501,000 | $7.1M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +467.7% | 6,506,000 | $6.3M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -70.7% | 4,402,000 | $6.2M |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Add +157.0% | 5,438,000 | $6.2M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +128440.0% | 6,427,000 | $6.1M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Sold out | 2,736,000 | $6.0Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +141.7% | 4,594,000 | $5.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +1410.0% | 6,040,000 | $5.9M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +27.5% | 5,079,000 | $5.7M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 5,634,000 | $5.5M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | New | 5,169,000 | $5.4M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +1371.4% | 4,782,000 | $5.1M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Add +748.6% | 4,048,000 | $4.9M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +100.0% | 4,000,000 | $4.9M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Add +326.8% | 4,520,000 | $4.8M |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | Add +534.8% | 4,831,000 | $4.8M |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | Add +20.8% | 4,154,000 | $4.6M |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Sold out | 4,275,000 | $4.5Mbefore exit |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Reduce -34.7% | 4,572,000 | $4.5M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Reduce -14.3% | 4,591,000 | $4.5M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Sold out | 5,061,000 | $4.3Mbefore exit |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | New | 4,410,000 | $4.3M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +211.3% | 4,293,000 | $4.2M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +28100.0% | 3,948,000 | $4.2M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +14.7% | 4,163,000 | $4.2M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 2,936,000 | $4.1M |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | Sold out | 4,398,000 | $4.1Mbefore exit |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | Add +216.1% | 5,019,000 | $4.1M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Reduce -0.2% | 3,801,000 | $4.0M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -2.6% | 3,684,000 | $4.0M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Add +348.6% | 3,741,000 | $3.9M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +269.8% | 4,134,000 | $3.9M |
Showing the first 50 of 206.
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 | 4,717 | $214.7B | NVDA, AAPL, MSFT, MU, AMZN |
| Q1 2026 | 4,919 | $156.4B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q4 2025 | 4,950 | $146.1B | NVDA, SPY, MSFT, AAPL, AVGO |
| Q3 2025 | 5,010 | $144.4B | NVDA, MSFT, TSLA, AAPL, AVGO |
| Q2 2025 | 4,669 | $143.4B | NVDA, MSFT, AAPL, AMZN, TSLA |
| Q1 2025 | 4,536 | $130.9B | NVDA, AAPL, MSFT, AMZN, TSLA |
| Q4 2024 | 4,756 | $103.7B | NVDA, AAPL, MSFT, TSLA, AMZN |
| Q3 2024 | 4,629 | $107.6B | NVDA, AAPL, MSFT, AMZN, TSLA |
| Q2 2024 | 4,563 | $103.5B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q1 2024 | 4,603 | $92.3B | MSFT, NVDA, AAPL, AMZN, GOOGL |