Citigroup Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Citigroup Inc. reported 5,010 stock positions worth $144.4 billion. Its top holding was Nvidia (NVDA) at 4.3% of the portfolio, followed by Microsoft (MSFT, 3.4%) and Tesla (TSLA, 3.0%). Compared with Q2 2025, it opened 580 new positions, sold out of 239, added to 1,467 and reduced 2,789. The biggest buy was Tesla (TSLA, shares +2%) and the biggest sale Amazon.com (AMZN, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000831001
- Portfolio Value
- $144.4B (Q3 2025)
- SEC Filing
- 0000831001-25-000158 ↗ filed Nov 10, 2025
Holdings Value
Holdings 5,010 stocks · $144.4B
| NVDA Nvidia Corp. | 4.32% | 33,388,850 | $6.2B | Reduce -28.2% |
| MSFT Microsoft Corp. | 3.43% | 9,562,873 | $5.0B | Reduce -19.6% |
| TSLA Tesla Inc. | 2.95% | 9,576,947 | $4.3B | Add +2.4% |
| AAPL Apple Inc. | 2.72% | 15,402,597 | $3.9B | Reduce -33.4% |
| AVGO Broadcom Inc. | 2.45% | 10,738,998 | $3.5B | Add +6.0% |
| AMZN Amazon.com Inc. | 2.07% | 13,628,610 | $3.0B | Reduce -29.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.91% | 53,404,687 | $2.8B | Add +37.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.58% | 3,421,367 | $2.3B | Add +24.3% |
| GOOGL Alphabet Inc. Class A | 1.53% | 9,110,236 | $2.2B | Reduce -30.0% |
| META Meta Platforms Inc. Class A | 1.53% | 3,005,775 | $2.2B | Reduce -4.7% |
| TLT iShares 20+ Year Treasury BD | 1.45% | 23,392,688 | $2.1B | Reduce -4.5% |
| VOO Vanguard S&P 500 ETF | 1.37% | 3,233,266 | $2.0B | Add +1.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.16% | 2,779,940 | $1.7B | Add +72.8% |
| JPM JPMorgan Chase & Co. | 1.11% | 5,084,690 | $1.6B | Reduce -9.2% |
| V Visa Inc. Class A | 0.82% | 3,480,581 | $1.2B | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.76% | 4,505,981 | $1.1B | Reduce -36.1% |
| XBI SS SPDR S&P Biotech ETF | 0.76% | 10,890,891 | $1.1B | Reduce -14.6% |
| XLI SS Industrial Select Sector | 0.70% | 6,523,314 | $1.0B | Add +20.2% |
| NFLX Netflix Inc. | 0.64% | 767,030 | $919.6M | Reduce -22.8% |
| ORCL Oracle Corp. | 0.63% | 3,224,251 | $906.8M | Add +5.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.55% | 2,856,111 | $797.7M | Reduce -5.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 1,564,129 | $786.4M | Reduce -23.0% |
| MU Micron Technology Inc. | 0.52% | 4,443,361 | $743.5M | Add +10.3% |
| AMD Advanced Micro Devices | 0.44% | 3,935,690 | $636.8M | Reduce -34.3% |
| ABBV Abbvie Inc. | 0.44% | 2,714,278 | $628.5M | Reduce -17.6% |
| GS Goldman Sachs Group Inc. | 0.43% | 779,664 | $620.9M | Add +99.6% |
| WMT Walmart Inc. | 0.42% | 5,904,443 | $608.5M | Reduce -8.7% |
| IWM iShares Russell 2000 ETF | 0.42% | 2,514,551 | $608.4M | Add +117.6% |
| GEV GE Vernova Inc. | 0.42% | 986,344 | $606.5M | Reduce -5.2% |
| INTC Intel Corp. | 0.40% | 17,408,893 | $584.1M | Reduce -23.1% |
| QCOM Qualcomm Inc. | 0.40% | 3,465,975 | $576.6M | Reduce -17.3% |
| PANW Palo Alto Networks Inc. | 0.40% | 2,807,455 | $571.7M | Add +3.0% |
| LRCX Lam Research Corp. | 0.40% | 4,262,176 | $570.7M | Reduce -27.1% |
| KRE SS SPDR S&P Regional Bank | 0.39% | 8,895,254 | $563.1M | Reduce -0.5% |
| KLAC KLA Corp. | 0.38% | 510,169 | $550.3M | Reduce -8.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 1,935,616 | $546.2M | Add +42.7% |
| IBB iShares Biotechnology ETF | 0.37% | 3,720,696 | $537.2M | Reduce -8.7% |
| PLTR Palantir Technologies Inc. Class A | 0.36% | 2,857,713 | $521.3M | Reduce -21.3% |
| IEMG iShares Core MSCI Emerging | 0.35% | 7,727,705 | $509.4M | Add +3.8% |
| AMAT Applied Materials Inc. | 0.35% | 2,472,884 | $506.3M | Reduce -25.6% |
| RTX RTX Corp. | 0.35% | 3,025,677 | $506.3M | Reduce -6.3% |
| LLY Eli Lilly & Co. | 0.35% | 658,333 | $502.3M | Reduce -38.1% |
| BKNG Booking Holdings Inc. | 0.34% | 92,174 | $497.7M | Reduce -14.2% |
| COST Costco Wholesale Corp. | 0.34% | 529,981 | $490.6M | Reduce -21.0% |
| ABT Abbott Laboratories | 0.34% | 3,655,400 | $489.6M | Reduce -11.6% |
| MA Mastercard Inc. Class A | 0.33% | 848,371 | $482.6M | Reduce -7.7% |
| UBER Uber Technologies Inc. | 0.33% | 4,831,481 | $473.3M | Add +5.3% |
| CSCO Cisco Systems Inc. | 0.32% | 6,778,321 | $463.8M | Reduce -4.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.32% | 2,486,148 | $463.6M | Add +10.7% |
| GLD SPDR Gold Shares | 0.32% | 1,294,472 | $460.1M | Add +198.2% |
| TXN Texas Instruments Inc. | 0.32% | 2,490,634 | $457.6M | Reduce -20.0% |
| PG The Procter & Gamble Co. | 0.31% | 2,945,674 | $452.6M | Reduce -18.5% |
| SCHW Schwab (charles) Corp. | 0.31% | 4,729,057 | $451.5M | Add +87.4% |
| INTU Intuit Inc. | 0.31% | 657,299 | $448.9M | Add +8.7% |
| UNH Unitedhealth Group Inc. | 0.31% | 1,283,148 | $443.1M | Reduce -29.1% |
| SE Sea Ltd.-ADR | 0.30% | 2,462,365 | $440.1M | Reduce -21.4% |
| NEM Newmont Corp. | 0.29% | 5,044,001 | $425.3M | Reduce -12.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.29% | 878,018 | $421.1M | Add +0.8% |
| VONG Vanguard Russell 1000 Growth | 0.29% | 3,492,591 | $420.9M | Reduce -1.4% |
| CVX Chevron Corp. | 0.28% | 2,588,697 | $402.0M | Reduce -24.4% |
| XLP SS Consumer Staples Sel Sect | 0.27% | 5,049,163 | $395.7M | Add +406.7% |
| BLK BlackRock Inc. | 0.27% | 337,536 | $393.5M | Reduce -53.1% |
| CRM Salesforce Inc. | 0.27% | 1,649,906 | $391.0M | Reduce -18.0% |
| BABA Alibaba Group Holding-SP ADR | 0.27% | 2,180,551 | $389.7M | Reduce -17.4% |
| IAU iShares Gold Trust | 0.27% | 5,307,719 | $386.2M | Add +3.9% |
| KO The Coca-Cola Co. | 0.26% | 5,734,461 | $380.3M | Reduce -6.2% |
| MRK Merck & Co. Inc. | 0.26% | 4,522,390 | $379.6M | Reduce -11.5% |
| COIN Coinbase Global Inc. Class A | 0.26% | 1,108,333 | $374.1M | Reduce -3.9% |
| HD Home Depot Inc. | 0.26% | 918,512 | $372.2M | Reduce -51.5% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 1,234,714 | $371.4M | Reduce -37.1% |
| AEP American Electric Power | 0.25% | 3,248,356 | $365.4M | Add +56.0% |
| VWO Vanguard Ftse Emerging Marke | 0.25% | 6,719,326 | $364.1M | Reduce -0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 749,549 | $363.5M | Reduce -11.1% |
| XOM Exxon Mobil Corp. | 0.25% | 3,207,058 | $361.6M | Reduce -19.4% |
| MRVL Marvell Technology Inc. | 0.25% | 4,290,681 | $360.7M | Reduce -0.5% |
| IDEV iShares Core MSCI Dev MKTS | 0.25% | 4,444,924 | $356.3M | Add +2.8% |
| AGG iShares Core U.S. Aggregate | 0.25% | 3,534,306 | $354.3M | Reduce -0.4% |
| MS Morgan Stanley | 0.24% | 2,215,597 | $352.2M | Reduce -16.7% |
| UBS UBS Group AG-Reg | 0.24% | 8,618,813 | $352.2M | Add +42.5% |
| AXP American Express Co. | 0.24% | 1,037,867 | $344.7M | Reduce -10.9% |
| RDDT Reddit Inc. Class A | 0.24% | 1,490,898 | $342.9M | Add +36.6% |
| XOP SS SPDR S&P Og Exp & Prod | 0.24% | 2,592,706 | $342.8M | Add +23.1% |
| CAT Caterpillar Inc. | 0.24% | 712,184 | $339.8M | Reduce -27.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.23% | 340,111 | $329.3M | Reduce -5.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.23% | 4,019,059 | $326.3M | Reduce -33.5% |
| ANET Arista Networks Inc. | 0.22% | 2,226,055 | $324.4M | Reduce -12.7% |
| BA The Boeing Co. | 0.22% | 1,500,045 | $323.8M | Reduce -1.9% |
| ADI Analog Devices Inc. | 0.22% | 1,284,817 | $315.7M | Reduce -24.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.22% | 975,035 | $315.5M | Add +37.3% |
| WFC Wells Fargo & Co. | 0.21% | 3,668,116 | $307.5M | Reduce -12.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 616,963 | $302.5M | Add +21.1% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.21% | 6,427,716 | $301.7M | Add +112.0% |
| PEP Pepsico Inc. | 0.21% | 2,139,494 | $300.5M | Reduce -11.8% |
| LIN Linde PLC | 0.21% | 625,193 | $297.0M | Reduce -23.6% |
| GDXJ Vaneck Junior Gold Miners | 0.21% | 2,992,197 | $296.3M | Add +222.9% |
| JNJ Johnson & Johnson | 0.20% | 1,591,775 | $295.1M | Reduce -36.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.20% | 3,822,870 | $293.3M | Add +313.7% |
| PDD PDD Holdings Inc. | 0.20% | 2,163,383 | $285.9M | Add +28.6% |
| ADBE Adobe Inc. | 0.20% | 806,009 | $284.3M | Reduce -23.6% |
| NEE Nextera Energy Inc. | 0.20% | 3,749,135 | $283.0M | Add +36.9% |
Options reported separately and not counted above: IWM puts ($5.8B), TSLA puts ($4.6B), HYG puts ($4.2B), NVDA puts ($3.1B), QQQ puts ($3.0B), MSFT puts ($2.1B), AAPL puts ($2.0B), QQQ calls ($1.8B), CVNA puts ($1.8B), TSLA calls ($1.7B), SPY puts ($1.5B), AVGO puts ($1.4B), and 857 more.
Other holdings (174): bonds, preferreds, convertibles and warrants · $515.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 309,633 | $21.5M | Reduce -77.6% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 401,240 | $20.0M | Add +139.8% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 13,531,000 | $17.3M | Add +986.8% |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 14,043,000 | $15.4M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 13,871,000 | $14.4M | Add +28.2% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 12,580,000 | $13.9M | Add +50.4% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 13,036,000 | $13.4M | Add +202.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 264,609 | $13.1M | Add +17.3% |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 10,213,000 | $13.1M | Add +4.1% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 4,499,000 | $13.0M | Reduce -57.7% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 12,435,000 | $12.9M | Reduce -5.3% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 11,535,000 | $10.6M | Add +44.8% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 273,420 | $10.4M | Add +126.2% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 7,110,000 | $10.3M | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 9,184,000 | $9.9M | Add +22.4% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 8,164,000 | $8.8M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 6,465 | $8.3M | Add +0.5% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 6,344,000 | $8.2M | Reduce -31.9% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,491 | $8.0M | Add +0.5% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 5,369,000 | $7.9M | Reduce -39.6% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 7,542,000 | $7.6M | Add +104.8% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 7,521,000 | $7.5M | Add +36.2% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 5,777,000 | $7.0M | Reduce -1.9% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 5,500,000 | $6.8M | New |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 5,000,000 | $6.5M | Reduce -36.9% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 6,416,000 | $6.4M | New |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 5,911,000 | $6.4M | Add +11.3% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,712,000 | $6.1M | Add +48.2% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 4,365,000 | $6.0M | Add +52.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 5,219,000 | $5.5M | Reduce -1.1% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 76,643 | $5.4M | Reduce -48.6% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 5,000,000 | $5.4M | Reduce -28.9% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 78,103 | $5.3M | Add +32.4% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 4,900,000 | $5.3M | Add +10.9% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 5,448,000 | $5.2M | Add +12.5% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 107,000 | $5.0M | Add +111.9% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 4,340,000 | $5.0M | Add +578.1% |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 4,089,000 | $4.9M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 5,000,000 | $4.9M | Add +25.9% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 6,040,000 | $4.8M | Add +68.2% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 5,405,000 | $4.8M | New |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 4,620,000 | $4.8M | New |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 4,637,000 | $4.7M | Reduce -40.0% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 3,744,000 | $4.2M | Reduce -22.3% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 4,006,000 | $4.1M | Add +11.1% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 4,042,000 | $3.9M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 3,054,000 | $3.9M | Add +9.5% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 795,000 | $3.6M | Reduce -1.0% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 2,729,000 | $3.5M | Add +59.0% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 3,426,000 | $3.5M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 3,787,000 | $3.5M | Reduce -72.2% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 34,268 | $3.3M | Reduce -48.7% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 41,837 | $3.0M | No change |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 3,000,000 | $2.9M | Reduce -45.4% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,744,000 | $2.9M | Add +41.9% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 2,478,000 | $2.8M | Reduce -28.9% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 2,917,000 | $2.8M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 1,697,000 | $2.7M | Reduce -58.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,644,000 | $2.5M | Reduce -72.2% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 1,666,000 | $2.5M | Add +3.9% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 46,949 | $2.5M | Reduce -8.0% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 2,020,000 | $2.4M | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 2,415,000 | $2.4M | Add +37.6% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 1,659,000 | $2.3M | Reduce -14.7% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 2,253,000 | $2.2M | Add +43.7% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 2,000,000 | $2.2M | Add +42.4% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 1,588,000 | $2.2M | Reduce -77.3% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,914,000 | $2.0M | Reduce -56.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 1,787,000 | $2.0M | Add +36.1% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 49,910 | $2.0M | Reduce -61.9% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 1,908,000 | $1.8M | Reduce -37.1% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,796,000 | $1.8M | Add +2.6% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 953,000 | $1.8M | Reduce -81.5% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 1,738,000 | $1.7M | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 1,547,000 | $1.7M | Reduce -76.4% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 3,657,000 | $1.6M | Add +170.5% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 512,000 | $1.6M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 1,531,000 | $1.5M | Add +2.0% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 844,000 | $1.4M | Reduce -71.6% |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 1,000,000 | $1.4M | New |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 1,392,000 | $1.4M | Reduce -26.4% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 1,391,000 | $1.4M | No change |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 1,278,000 | $1.4M | Add +200.7% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 1,272,000 | $1.3M | Add +3247.4% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 1,122,000 | $1.3M | Reduce -87.6% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 1,467,000 | $1.3M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 490,000 | $1.2M | Reduce -74.6% |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 1,250,000 | $1.2M | Reduce -44.4% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 1,060,000 | $1.1M | Reduce -68.0% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 1,200,000 | $1.1M | No change |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 1,143,000 | $1.1M | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 770,000 | $1.1M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 1,133,000 | $1.1M | New |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | 1,024,000 | $1.0M | Add +11.8% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 1,023,000 | $1.0M | Reduce -27.9% |
| REDFIN CORP (RDFN 0 10/15/25) | NOTE 10/1 · principal | 1,000,000 | $996K | Reduce -35.6% |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 838,000 | $992K | Reduce -0.2% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 645,000 | $983K | Add +1.1% |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 908,000 | $891K | Add +92.8% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 835,000 | $867K | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 859,000 | $836K | Add +281.8% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 700,000 | $798K | Reduce -87.0% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 685,000 | $780K | Reduce -36.4% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 790,000 | $716K | Add +1134.4% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 539,000 | $715K | Reduce -56.3% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 760,000 | $702K | New |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 712,000 | $683K | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 583,000 | $565K | Reduce -57.6% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 561,000 | $550K | No change |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 382,000 | $519K | Reduce -34.4% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 551,000 | $519K | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 489,000 | $511K | Reduce -83.9% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 483,000 | $510K | Add +4.5% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 345,000 | $508K | No change |
| EVOLENT HEALTH INC (EVH 1.5 10/15/25) | NOTE 1.500%10/1 · principal | 500,000 | $497K | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 442,000 | $452K | Reduce -88.9% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 426,000 | $428K | Reduce -80.0% |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 200,000 | $378K | New |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 406,000 | $369K | Reduce -97.6% |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 1,729,000 | $341K | Add +40.7% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 338,000 | $324K | Reduce -32.8% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 351,000 | $300K | Reduce -94.0% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 296,000 | $292K | No change |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 140,000 | $290K | Reduce -87.7% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 300,000 | $277K | New |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 115,000 | $276K | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 255,000 | $270K | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 291,000 | $265K | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 277,000 | $260K | Reduce -89.8% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 226,000 | $254K | Add +0.9% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 104,173 | $253K | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 236,000 | $253K | No change |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 248,000 | $241K | No change |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 195,000 | $185K | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 57,000 | $162K | No change |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 64,000 | $154K | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 100,000 | $126K | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 110,000 | $119K | New |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 113,000 | $117K | No change |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | 131,000 | $116K | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 107,000 | $105K | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 81,000 | $95K | No change |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 92,000 | $90K | Add +2.2% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 87,000 | $86K | Add +74.0% |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 98,000 | $84K | Reduce -52.7% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 60,000 | $81K | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 91,000 | $80K | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 63,000 | $78K | New |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 938,000 | $77K | No change |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 73,000 | $72K | New |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 60,000 | $62K | No change |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 50,000 | $56K | No change |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | 56,000 | $55K | No change |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 51,000 | $47K | No change |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 46,000 | $44K | No change |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 43,000 | $41K | No change |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 33,000 | $38K | Reduce -96.4% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 43,000 | $38K | Reduce -98.0% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 39,000 | $37K | No change |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 32,000 | $32K | Reduce -88.4% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 9,000 | $29K | Reduce -99.8% |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 23,000 | $23K | No change |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 20,000 | $21K | No change |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 15,000 | $14K | No change |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 14,000 | $12K | No change |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 8,000 | $7K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 82,000 | $7K | No change |
| APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) | NOTE 3.500% 9/1 · principal | 6,000 | $6K | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 6,000 | $6K | Add +100.0% |
| BANDWIDTH INC (BAND 0.25 03/01/26) | NOTE 0.250% 3/0 · principal | 4,000 | $4K | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 4,000 | $4K | Reduce -99.7% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 3,000 | $3K | Reduce -99.4% |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 4,000 | $1K | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 1,000 | $1K | No change |
Total filed on the 13F, all lines: $144.9B.
Portfolio Sells Q2 2025 → Q3 2025
| AMZN Amazon.com Inc. | Reduce -29.5% | 2.07% | −0.89 |
| NVDA Nvidia Corp. | Reduce -28.2% | 4.32% | −0.81 |
| MSFT Microsoft Corp. | Reduce -19.6% | 3.43% | −0.69 |
| AAPL Apple Inc. | Reduce -33.4% | 2.72% | −0.59 |
| NFLX Netflix Inc. | Reduce -22.8% | 0.64% | −0.29 |
| BLK BlackRock Inc. | Reduce -53.1% | 0.27% | −0.25 |
| FER Ferrovial NV | Reduce -76.6% | 0.08% | −0.24 |
| LLY Eli Lilly & Co. | Reduce -38.1% | 0.35% | −0.23 |
| HD Home Depot Inc. | Reduce -51.5% | 0.26% | −0.23 |
| KR Kroger Co. | Reduce -82.3% | 0.04% | −0.21 |
| STLA Stellantis NV | Reduce -62.3% | 0.10% | −0.19 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.17 |
| BSX Boston Scientific Corp. | Reduce -47.8% | 0.14% | −0.16 |
| AMD Advanced Micro Devices | Reduce -34.3% | 0.44% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -23.0% | 0.54% | −0.14 |
| TXN Texas Instruments Inc. | Reduce -20.0% | 0.32% | −0.13 |
| HES Hess Corp. | Sold out | 0.00% | −0.13 |
| COST Costco Wholesale Corp. | Reduce -21.0% | 0.34% | −0.12 |
| FMX Fomento Economico Mex-SP ADR | Reduce -93.3% | 0.01% | −0.12 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -33.5% | 0.23% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -36.1% | 0.76% | −0.11 |
| CRM Salesforce Inc. | Reduce -18.0% | 0.27% | −0.11 |
| EEM iShares MSCI Emerging Market | Reduce -46.5% | 0.16% | −0.11 |
| XLF SS Financial Select Sector | Reduce -34.5% | 0.19% | −0.10 |
| NOW ServiceNow Inc. | Reduce -27.5% | 0.17% | −0.10 |
| GE General Electric | Reduce -37.1% | 0.26% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -4.7% | 1.53% | −0.09 |
| BKNG Booking Holdings Inc. | Reduce -14.2% | 0.34% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -18.5% | 0.31% | −0.09 |
| FLUT Flutter Entertainment PLC-Di | Reduce -48.6% | 0.07% | −0.09 |
| ADBE Adobe Inc. | Reduce -23.6% | 0.20% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -29.1% | 0.31% | −0.09 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -25.6% | 0.35% | −0.07 |
| VTR Ventas Inc. | Reduce -73.1% | 0.03% | −0.07 |
| BP BP PLC-Spons ADR | Reduce -96.6% | 0.00% | −0.07 |
| ACN Accenture PLC Class A | Reduce -14.6% | 0.17% | −0.07 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -98.2% | 0.00% | −0.07 |
| ISRG Intuitive Surgical Inc. | Reduce -10.9% | 0.19% | −0.07 |
| MCHP Microchip Technology Inc. | Reduce -30.1% | 0.12% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -17.3% | 0.40% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -30.0% | 1.53% | −0.07 |
| MCD McDonald's Corp. | Reduce -28.2% | 0.19% | −0.07 |
| AMRZ Amrize Ltd. | Reduce -80.0% | 0.02% | −0.06 |
| CVX Chevron Corp. | Reduce -24.4% | 0.28% | −0.06 |
| JNJ Johnson & Johnson | Reduce -36.8% | 0.20% | −0.06 |
| ADI Analog Devices Inc. | Reduce -24.1% | 0.22% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -35.6% | 0.11% | −0.06 |
| FISV Fiserv Inc. | Reduce -8.6% | 0.13% | −0.06 |
| LIN Linde PLC | Reduce -23.6% | 0.21% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| TSLA Tesla Inc. | Add +2.4% | 2.95% | +0.88 |
| BAC Bank of America Corp. | Add +37.9% | 1.91% | +0.63 |
| QQQ Invesco QQQ Trust Series 1 | Add +72.8% | 1.16% | +0.54 |
| AVGO Broadcom Inc. | Add +6.0% | 2.45% | +0.51 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +24.3% | 1.58% | +0.39 |
| IWM iShares Russell 2000 ETF | Add +117.6% | 0.42% | +0.25 |
| GS Goldman Sachs Group Inc. | Add +99.6% | 0.43% | +0.24 |
| GLD SPDR Gold Shares | Add +198.2% | 0.32% | +0.23 |
| XLP SS Consumer Staples Sel Sect | Add +406.7% | 0.27% | +0.22 |
| IREN Iren Ltd. | Add +112.0% | 0.21% | +0.18 |
| MU Micron Technology Inc. | Add +10.3% | 0.52% | +0.17 |
| GDXJ Vaneck Junior Gold Miners | Add +222.9% | 0.21% | +0.16 |
| ORCL Oracle Corp. | Add +5.2% | 0.63% | +0.16 |
| AZN Astrazeneca PLC-Spons ADR | Add +313.7% | 0.20% | +0.16 |
| SCHW Schwab (charles) Corp. | Add +87.4% | 0.31% | +0.15 |
| UTHR United Therapeutics Corp. | Add +1196.5% | 0.16% | +0.15 |
| XLI SS Industrial Select Sector | Add +20.2% | 0.70% | +0.14 |
| XHB SS SPDR S&P Homebldrs ETF | Add +255.0% | 0.17% | +0.12 |
| CYBR Cyberark Software Ltd./Israel | Add +144.8% | 0.19% | +0.12 |
| RDDT Reddit Inc. Class A | Add +36.6% | 0.24% | +0.12 |
| CRH CRH PLC | Add +229.0% | 0.15% | +0.12 |
| VOO Vanguard S&P 500 ETF | Add +1.9% | 1.37% | +0.11 |
| GTLS Chart Industries Inc. | Add +761.1% | 0.12% | +0.11 |
| AEP American Electric Power | Add +56.0% | 0.25% | +0.10 |
| UBS UBS Group AG-Reg | Add +42.5% | 0.24% | +0.10 |
| GDX Vaneck Gold Miners ETF | Add +225.0% | 0.13% | +0.10 |
| IBM Intl Business Machines Corp. | Add +42.7% | 0.38% | +0.10 |
| NOC Northrop Grumman Corp. | Add +79.5% | 0.18% | +0.10 |
| BHP BHP Group Ltd.-Spon ADR | Add +311.6% | 0.12% | +0.10 |
| WDAY Workday Inc. Class A | Add +112.9% | 0.17% | +0.09 |
| IGV iShares Expanded Tech-Softwa | Add +123.1% | 0.16% | +0.09 |
| XLV SS Health Care Select Sector | Add +107.9% | 0.16% | +0.08 |
| STX Seagate Technology Holdings | Add +61.2% | 0.14% | +0.08 |
| COOP Mr Cooper Group Inc. | Add +131.3% | 0.12% | +0.08 |
| GRAB Grab Holdings Ltd. Class A | Add +112.6% | 0.14% | +0.08 |
| ITB iShares U.S. Home Constructi | Add +1200.6% | 0.08% | +0.08 |
| WDC Western Digital Corp. | Add +13.1% | 0.15% | +0.08 |
| ALAB Astera Labs Inc. | Add +31.9% | 0.12% | +0.08 |
| PDD PDD Holdings Inc. | Add +28.6% | 0.20% | +0.08 |
| IQV Iqvia Holdings Inc. | Add +108.2% | 0.12% | +0.07 |
| XEL Xcel Energy Inc. | Add +135.3% | 0.11% | +0.07 |
| HOOD Robinhood Markets Inc. Class A | Add +13.1% | 0.17% | +0.07 |
| NET Cloudflare Inc. Class A | Add +142.1% | 0.11% | +0.07 |
| RIO Rio Tinto PLC-Spon ADR | Add +617.9% | 0.08% | +0.07 |
| NEE Nextera Energy Inc. | Add +36.9% | 0.20% | +0.06 |
| RCL Royal Caribbean Cruises Ltd. | Add +37.3% | 0.22% | +0.06 |
| RBLX Roblox Corp. Class A | Add +173.6% | 0.08% | +0.06 |
| AU Anglogold Ashanti PLC | Add +239.7% | 0.07% | +0.06 |
| IBKR Interactive Brokers Gro Class A | Add +61.8% | 0.12% | +0.06 |
| ARKK ARK Innovation ETF | Add +15.1% | 0.19% | +0.06 |
Options Activity Q2 2025 → Q3 2025
| IWM iShares Russell 2000 ETF | put | Add +12.3% | 23,993,600 | $5.8B |
| TSLA Tesla Inc. | put | Add +6.8% | 10,434,800 | $4.6B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +95.6% | 51,681,800 | $4.2B |
| NVDA Nvidia Corp. | put | Add +67.3% | 16,874,500 | $3.1B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +80.7% | 4,980,300 | $3.0B |
| MSFT Microsoft Corp. | put | Add +22.1% | 4,022,000 | $2.1B |
| AAPL Apple Inc. | put | Add +44.0% | 7,862,100 | $2.0B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +22.4% | 2,998,000 | $1.8B |
| CVNA Carvana Co. | put | Add +18.6% | 4,760,000 | $1.8B |
| TSLA Tesla Inc. | call | Add +83.1% | 3,814,700 | $1.7B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -18.1% | 2,260,700 | $1.5B |
| AVGO Broadcom Inc. | put | Add +69.3% | 4,126,100 | $1.4B |
| NVDA Nvidia Corp. | call | Add +21.3% | 6,848,900 | $1.3B |
| XLI SS Industrial Select Sector | put | Add +6.1% | 8,279,200 | $1.3B |
| APP AppLovin Corp. Class A | call | Add +4499.5% | 1,738,600 | $1.2B |
| IWM iShares Russell 2000 ETF | call | Reduce -49.0% | 4,456,400 | $1.1B |
| EEM iShares MSCI Emerging Market | put | Add +19.5% | 19,126,000 | $1.0B |
| GOOGL Alphabet Inc. Class A | put | Add +98.1% | 4,197,000 | $1.0B |
| AMZN Amazon.com Inc. | put | Add +39.4% | 4,579,600 | $1.0B |
| INTU Intuit Inc. | put | Add +4.0% | 1,372,500 | $937.3M |
| GLD SPDR Gold Shares | call | Add +18.9% | 2,596,500 | $923.0M |
| GLD SPDR Gold Shares | put | Add +27.1% | 2,492,400 | $886.0M |
| META Meta Platforms Inc. Class A | put | Reduce -65.5% | 1,068,500 | $784.7M |
| XLI SS Industrial Select Sector | call | Reduce -15.6% | 5,066,500 | $781.4M |
| V Visa Inc. Class A | put | Add +11.9% | 2,286,700 | $780.6M |
| GOOG Alphabet Inc. Class C | put | Add +37.3% | 3,073,300 | $748.5M |
| XLE SS Energy Select Sector | put | Add +378.9% | 6,227,400 | $556.4M |
| MSFT Microsoft Corp. | call | Add +16.1% | 988,300 | $511.9M |
| AAPL Apple Inc. | call | Reduce -2.2% | 1,927,700 | $490.9M |
| META Meta Platforms Inc. Class A | call | Add +36.0% | 662,500 | $486.5M |
| EEM iShares MSCI Emerging Market | call | Add +1.4% | 8,499,000 | $453.8M |
| EFA iShares MSCI Eafe ETF | call | Add +81.7% | 4,740,300 | $442.6M |
| AMZN Amazon.com Inc. | call | Add +60.0% | 1,906,000 | $418.5M |
| JPM JPMorgan Chase & Co. | put | Add +6.1% | 1,324,700 | $417.9M |
| EFA iShares MSCI Eafe ETF | put | Reduce -8.4% | 4,410,000 | $411.8M |
| XLF SS Financial Select Sector | put | Add +0.3% | 7,625,500 | $410.8M |
| STLA Stellantis NV | put | Add +20.2% | 43,895,000 | $410.0M |
| AVGO Broadcom Inc. | call | Add +13.1% | 1,203,100 | $396.9M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Add +1487.5% | 4,810,000 | $390.5M |
| KRE SS SPDR S&P Regional Bank | call | Add +88.4% | 5,976,600 | $378.3M |
| ORCL Oracle Corp. | put | Add +145.7% | 1,255,500 | $353.1M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Add +472.7% | 3,150,000 | $351.1M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Reduce -14.5% | 690,000 | $346.9M |
| XLE SS Energy Select Sector | call | Add +44.5% | 3,867,300 | $345.5M |
| COIN Coinbase Global Inc. Class A | call | Add +14.8% | 977,100 | $329.8M |
| GOOGL Alphabet Inc. Class A | call | Reduce -19.6% | 1,327,500 | $322.7M |
| VZ Verizon Communications Inc. | put | Reduce -5.9% | 7,081,900 | $311.2M |
| XLF SS Financial Select Sector | call | Reduce -1.9% | 5,747,700 | $309.6M |
| KRE SS SPDR S&P Regional Bank | put | Add +443.4% | 4,831,700 | $305.8M |
| SMH Vaneck Semiconductor ETF | put | Add +43.9% | 898,600 | $293.3M |
Showing the first 50 of 828.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 25,209,000 | $25.2Mbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -77.6% | 309,633 | $21.5M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +139.8% | 401,240 | $20.0M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | Add +986.8% | 13,531,000 | $17.3M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Sold out | 14,434,000 | $16.3Mbefore exit |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Add +28.2% | 13,871,000 | $14.4M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +50.4% | 12,580,000 | $13.9M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +202.5% | 13,036,000 | $13.4M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +17.3% | 264,609 | $13.1M |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | Add +4.1% | 10,213,000 | $13.1M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -57.7% | 4,499,000 | $13.0M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -5.3% | 12,435,000 | $12.9M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 8,653,000 | $12.2Mbefore exit |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 9,665,000 | $10.8Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +44.8% | 11,535,000 | $10.6M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +126.2% | 273,420 | $10.4M |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | New | 7,110,000 | $10.3M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +22.4% | 9,184,000 | $9.9M |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Sold out | 8,589,000 | $9.6Mbefore exit |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | New | 8,164,000 | $8.8M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Sold out | 8,023,000 | $8.7Mbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.5% | 6,465 | $8.3M |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Sold out | 8,340,000 | $8.2Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -31.9% | 6,344,000 | $8.2M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.5% | 6,491 | $8.0M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -39.6% | 5,369,000 | $7.9M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +104.8% | 7,542,000 | $7.6M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Add +36.2% | 7,521,000 | $7.5M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Sold out | 6,298,000 | $7.3Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Reduce -1.9% | 5,777,000 | $7.0M |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | New | 5,500,000 | $6.8M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Reduce -36.9% | 5,000,000 | $6.5M |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | New | 6,416,000 | $6.4M |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Add +11.3% | 5,911,000 | $6.4M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Add +48.2% | 5,712,000 | $6.1M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +52.4% | 4,365,000 | $6.0M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -1.1% | 5,219,000 | $5.5M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -48.6% | 76,643 | $5.4M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Reduce -28.9% | 5,000,000 | $5.4M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +32.4% | 78,103 | $5.3M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +10.9% | 4,900,000 | $5.3M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +12.5% | 5,448,000 | $5.2M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +111.9% | 107,000 | $5.0M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +578.1% | 4,340,000 | $5.0M |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | New | 4,089,000 | $4.9M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +25.9% | 5,000,000 | $4.9M |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | Add +68.2% | 6,040,000 | $4.8M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | New | 5,405,000 | $4.8M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | New | 4,620,000 | $4.8M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Reduce -40.0% | 4,637,000 | $4.7M |
Showing the first 50 of 186.
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 |