Citigroup Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Citigroup Inc. reported 4,950 stock positions worth $146.1 billion. Its top holding was Nvidia (NVDA) at 4.7% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.0%) and Microsoft (MSFT, 3.9%). Compared with Q3 2025, it opened 445 new positions, sold out of 508, added to 2,125 and reduced 2,235. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +148%) and the biggest sale Bank of America (BAC, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000831001
- Portfolio Value
- $146.1B (Q4 2025)
- SEC Filing
- 0000831001-26-000006 ↗ filed Feb 13, 2026
Holdings Value
Holdings 4,950 stocks · $146.1B
| NVDA Nvidia Corp. | 4.71% | 36,884,303 | $6.9B | Add +10.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.97% | 8,498,744 | $5.8B | Add +148.4% |
| MSFT Microsoft Corp. | 3.92% | 11,845,163 | $5.7B | Add +23.9% |
| AAPL Apple Inc. | 2.98% | 15,988,868 | $4.3B | Add +3.8% |
| AVGO Broadcom Inc. | 2.11% | 8,921,566 | $3.1B | Reduce -16.9% |
| TSLA Tesla Inc. | 2.00% | 6,497,906 | $2.9B | Reduce -32.1% |
| GOOGL Alphabet Inc. Class A | 2.00% | 9,327,740 | $2.9B | Add +2.4% |
| AMZN Amazon.com Inc. | 1.85% | 11,709,382 | $2.7B | Reduce -14.1% |
| META Meta Platforms Inc. Class A | 1.56% | 3,451,088 | $2.3B | Add +14.8% |
| TLT iShares 20+ Year Treasury BD | 1.47% | 24,691,449 | $2.2B | Add +5.5% |
| VOO Vanguard S&P 500 ETF | 1.35% | 3,156,386 | $2.0B | Reduce -2.4% |
| XLP SS Consumer Staples Sel Sect | 1.21% | 22,679,786 | $1.8B | Add +349.2% |
| XBI SS SPDR S&P Biotech ETF | 1.05% | 12,527,210 | $1.5B | Add +15.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.91% | 24,106,194 | $1.3B | Reduce -54.9% |
| MU Micron Technology Inc. | 0.88% | 4,500,503 | $1.3B | Add +1.3% |
| GOOG Alphabet Inc. Class C | 0.82% | 3,795,582 | $1.2B | Reduce -15.8% |
| AMD Advanced Micro Devices | 0.72% | 4,914,524 | $1.1B | Add +24.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.67% | 1,601,904 | $984.1M | Reduce -42.4% |
| JPM JPMorgan Chase & Co. | 0.66% | 2,992,017 | $964.1M | Reduce -41.2% |
| GE General Electric filed as GE AEROSPACE | 0.65% | 3,070,122 | $945.7M | Add +148.7% |
| IBB iShares Biotechnology ETF | 0.61% | 5,242,688 | $884.8M | Add +40.9% |
| V Visa Inc. Class A | 0.60% | 2,479,449 | $869.6M | Reduce -28.8% |
| IWM iShares Russell 2000 ETF | 0.54% | 3,181,135 | $783.1M | Add +26.5% |
| NFLX Netflix Inc. | 0.52% | 8,144,735 | $763.7M | Add +6.2% |
| GS Goldman Sachs Group Inc. | 0.52% | 859,933 | $755.9M | Add +10.3% |
| INTC Intel Corp. | 0.49% | 19,274,247 | $711.2M | Add +10.7% |
| LLY Eli Lilly & Co. | 0.49% | 659,631 | $708.9M | Add +0.2% |
| QCOM Qualcomm Inc. | 0.47% | 3,996,492 | $683.6M | Add +15.3% |
| ORCL Oracle Corp. | 0.46% | 3,484,615 | $679.2M | Add +8.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.46% | 2,195,829 | $667.3M | Reduce -23.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.44% | 2,173,072 | $643.7M | Add +12.3% |
| GEV GE Vernova Inc. | 0.41% | 926,887 | $605.8M | Reduce -6.0% |
| PLTR Palantir Technologies Inc. Class A | 0.41% | 3,395,051 | $603.5M | Add +18.8% |
| CSCO Cisco Systems Inc. | 0.41% | 7,681,365 | $591.7M | Add +13.3% |
| IAU iShares Gold Trust | 0.40% | 7,201,313 | $584.5M | Add +35.7% |
| XLI SS Industrial Select Sector | 0.40% | 3,739,006 | $580.0M | Reduce -42.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.39% | 6,154,760 | $565.8M | Add +61.0% |
| AMAT Applied Materials Inc. | 0.38% | 2,153,848 | $553.5M | Reduce -12.9% |
| WMT Walmart Inc. | 0.38% | 4,952,351 | $551.7M | Reduce -16.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 1,095,869 | $550.8M | Reduce -29.9% |
| LRCX Lam Research Corp. | 0.36% | 3,056,338 | $523.2M | Reduce -28.3% |
| GLD SPDR Gold Shares | 0.36% | 1,313,849 | $520.7M | Add +1.5% |
| SMH Vaneck Semiconductor ETF | 0.35% | 1,439,349 | $518.4M | Add +104.9% |
| INTU Intuit Inc. | 0.35% | 766,572 | $507.8M | Add +16.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.35% | 2,652,846 | $506.7M | Add +6.7% |
| TXN Texas Instruments Inc. | 0.33% | 2,790,974 | $484.2M | Add +12.1% |
| COST Costco Wholesale Corp. | 0.32% | 546,399 | $471.2M | Add +3.1% |
| KLAC KLA Corp. | 0.31% | 378,289 | $459.7M | Reduce -25.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 934,721 | $456.0M | Add +6.5% |
| JNJ Johnson & Johnson | 0.31% | 2,202,592 | $455.8M | Add +38.4% |
| TTE Totalenergies SE | 0.31% | 6,864,226 | $448.1M | Add +1374.8% |
| VONG Vanguard Russell 1000 Growth | 0.29% | 3,491,303 | $425.1M | Reduce -0.0% |
| CRM Salesforce Inc. | 0.29% | 1,591,498 | $421.6M | Reduce -3.5% |
| RDDT Reddit Inc. Class A | 0.29% | 1,820,985 | $418.6M | Add +22.1% |
| BABA Alibaba Group Holding-SP ADR | 0.29% | 2,844,328 | $416.9M | Add +30.4% |
| NEM Newmont Corp. | 0.28% | 4,135,511 | $412.9M | Reduce -18.0% |
| UNH Unitedhealth Group Inc. | 0.27% | 1,192,864 | $393.8M | Reduce -7.0% |
| XOM Exxon Mobil Corp. | 0.27% | 3,229,780 | $388.7M | Add +0.7% |
| IEMG iShares Core MSCI Emerging | 0.27% | 5,772,847 | $388.1M | Reduce -25.3% |
| XLF SS Financial Select Sector | 0.26% | 6,921,761 | $379.1M | Add +33.0% |
| AGG iShares Core U.S. Aggregate | 0.26% | 3,783,170 | $377.9M | Add +7.0% |
| ABBV Abbvie Inc. | 0.26% | 1,651,657 | $377.4M | Reduce -39.1% |
| ADI Analog Devices Inc. | 0.26% | 1,385,960 | $375.9M | Add +7.9% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.26% | 9,878,625 | $373.1M | Add +53.7% |
| IDEV iShares Core MSCI Dev MKTS | 0.25% | 4,512,190 | $372.2M | Add +1.5% |
| MA Mastercard Inc. Class A | 0.25% | 645,850 | $368.7M | Reduce -23.9% |
| APP AppLovin Corp. Class A | 0.25% | 545,658 | $367.7M | Add +42.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.25% | 1,255,055 | $364.2M | Add +3587.3% |
| HD Home Depot Inc. | 0.25% | 1,046,100 | $360.0M | Add +13.9% |
| RSP Invesco S&P 500 Equal Weight | 0.25% | 1,872,303 | $358.7M | Add +61.8% |
| AEP American Electric Power | 0.24% | 3,103,390 | $357.9M | Reduce -4.5% |
| PFE Pfizer Inc. | 0.24% | 14,265,119 | $355.2M | Add +97.7% |
| PG The Procter & Gamble Co. | 0.24% | 2,423,480 | $347.3M | Reduce -17.7% |
| BKNG Booking Holdings Inc. | 0.23% | 63,771 | $341.5M | Reduce -30.8% |
| PANW Palo Alto Networks Inc. | 0.23% | 1,799,265 | $331.4M | Reduce -35.9% |
| NXPI NXP Semiconductors NV | 0.23% | 1,516,782 | $329.2M | Add +36.6% |
| BA The Boeing Co. | 0.22% | 1,511,437 | $328.2M | Add +0.8% |
| KO The Coca-Cola Co. | 0.22% | 4,649,705 | $325.1M | Reduce -18.9% |
| MRVL Marvell Technology Inc. | 0.22% | 3,758,517 | $319.4M | Reduce -12.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.22% | 298,326 | $319.2M | Reduce -12.3% |
| NTAP Netapp Inc. | 0.22% | 2,954,808 | $316.4M | Add +218.6% |
| EEM iShares MSCI Emerging Market | 0.22% | 5,765,607 | $315.4M | Add +35.2% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 536,786 | $311.0M | Reduce -28.4% |
| CVX Chevron Corp. | 0.21% | 2,027,744 | $309.0M | Reduce -21.7% |
| UBER Uber Technologies Inc. | 0.21% | 3,769,209 | $308.0M | Reduce -22.0% |
| RTX RTX Corp. | 0.21% | 1,635,041 | $299.9M | Reduce -46.0% |
| NOW ServiceNow Inc. | 0.20% | 1,939,441 | $297.1M | Add +42.3% |
| RCL Royal Caribbean Cruises Ltd. | 0.20% | 1,050,072 | $292.9M | Add +7.7% |
| CAT Caterpillar Inc. | 0.20% | 509,924 | $292.1M | Reduce -28.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 622,686 | $291.9M | Add +0.9% |
| SE Sea Ltd.-ADR | 0.20% | 2,284,427 | $291.4M | Reduce -7.2% |
| NEE Nextera Energy Inc. | 0.20% | 3,581,361 | $287.5M | Reduce -4.5% |
| LITE Lumentum Holdings Inc. | 0.19% | 765,201 | $282.0M | Add +1100.0% |
| UBS UBS Group AG-Reg | 0.19% | 6,020,046 | $280.8M | Reduce -30.1% |
| MRK Merck & Co. Inc. | 0.19% | 2,636,111 | $277.5M | Reduce -41.7% |
| XLV SS Health Care Select Sector | 0.19% | 1,787,478 | $276.7M | Add +7.8% |
| ADBE Adobe Inc. | 0.19% | 790,562 | $276.7M | Reduce -1.9% |
| WFC Wells Fargo & Co. | 0.19% | 2,915,313 | $271.7M | Reduce -20.5% |
| PEP Pepsico Inc. | 0.18% | 1,873,863 | $268.9M | Reduce -12.4% |
| XOP SS SPDR S&P Og Exp & Prod | 0.18% | 2,128,640 | $268.8M | Reduce -17.9% |
Options reported separately and not counted above: IWM puts ($4.6B), TSLA puts ($4.6B), QQQ puts ($3.5B), NVDA puts ($3.3B), GLD calls ($3.0B), CVNA puts ($2.5B), HYG puts ($2.4B), AAPL puts ($2.4B), MSFT puts ($2.1B), QQQ calls ($2.0B), GOOGL puts ($1.5B), TSLA calls ($1.5B), and 864 more.
Other holdings (195): bonds, preferreds, convertibles and warrants · $718.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 21,308,000 | $19.1M | Add +84.7% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 11,987,000 | $18.5M | New |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 341,240 | $17.7M | Reduce -14.9% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 346,750 | $16.9M | Add +224.1% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 13,385,000 | $16.3M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 16,153,000 | $16.1M | Add +229.7% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 2,876,000 | $15.3M | Add +486.9% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 15,621,000 | $15.1M | Add +238.1% |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 13,043,000 | $14.3M | Reduce -7.1% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 278,101 | $14.0M | Add +5.1% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 13,068,000 | $14.0M | Add +553.4% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 12,837,000 | $13.2M | Add +39.8% |
| ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) | NOTE 4.250%11/1 · principal | 8,722,000 | $13.2M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 10,185,000 | $12.5M | Add +233.5% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 12,134,000 | $12.4M | Reduce -12.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 12,326,000 | $12.2M | Add +4349.8% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 10,456,000 | $11.9M | Add +139.5% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 9,848,000 | $11.8M | Add +97.0% |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 10,213,000 | $11.8M | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 7,232,000 | $11.2M | Add +658.9% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 10,715,000 | $11.1M | Add +42.1% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 10,427,000 | $11.1M | Add +574.0% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 9,359,000 | $10.7M | Add +389.0% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 11,126,000 | $10.6M | Add +104.2% |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 8,070,000 | $10.1M | Add +707.0% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 10,000,000 | $10.0M | Add +100.0% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 10,206,000 | $9.8M | New |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 10,984,000 | $9.8M | Add +136.9% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 2,552,000 | $9.5M | Add +202.4% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 6,653,000 | $9.4M | Add +4.9% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 5,384,000 | $8.6M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 143,820 | $8.5M | Reduce -47.4% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 8,042,000 | $8.4M | Add +40.8% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 5,219,000 | $7.6M | Add +207.5% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 7,521,000 | $7.5M | No change |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 1,550,000 | $7.1M | Add +17122.2% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 5,119,000 | $7.0M | New |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 4,490,000 | $6.7M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 4,976,000 | $6.5M | Reduce -7.3% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 5,075,000 | $6.4M | Reduce -59.2% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 6,388,000 | $6.4M | New |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 5,398,000 | $6.3M | Add +117.8% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 76,393 | $5.8M | Reduce -0.3% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 81,757 | $5.6M | Reduce -73.6% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 5,917,000 | $5.6M | Add +1872.3% |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 6,939,000 | $5.6M | Add +69.7% |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 6,740,000 | $5.5M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 4,314,000 | $5.5M | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 5,474,000 | $5.5M | Add +206.3% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 4,528,000 | $5.3M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 4,609,000 | $5.2M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 4,613,000 | $5.2M | Add +21.8% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 4,408,000 | $5.1M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 3,718,000 | $4.9M | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 4,503,000 | $4.9M | Add +301.3% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 7,239,000 | $4.9M | Add +19.9% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 4,051,000 | $4.8M | Add +491.4% |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 5,580,000 | $4.6M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 4,799,000 | $4.6M | New |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 4,326,000 | $4.5M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 4,934,000 | $4.4M | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 4,429,000 | $4.4M | Add +29.3% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 4,434,000 | $4.4M | New |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 4,574,000 | $4.2M | New |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 3,943,000 | $4.1M | New |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 4,474,000 | $4.0M | Reduce -17.2% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 58,103 | $3.9M | Reduce -25.6% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 3,792,000 | $3.7M | Reduce -6.2% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 3,484,000 | $3.6M | New |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 1,958,000 | $3.6M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 2,250,000 | $3.4M | New |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 690,000 | $3.2M | Reduce -13.2% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 2,219,000 | $3.1M | Add +33.8% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 39,268 | $3.1M | Add +14.6% |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 2,220,000 | $3.1M | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 2,864,000 | $3.1M | New |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 2,653,000 | $3.1M | Add +150.3% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 3,000,000 | $3.0M | No change |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 2,928,000 | $3.0M | Add +6709.3% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 1,506,000 | $2.8M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 1,666,000 | $2.8M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 3,041,000 | $2.7M | Add +521.9% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 2,938,000 | $2.7M | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 2,367,000 | $2.6M | Reduce -63.1% |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 50,000 | $2.5M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 2,080,000 | $2.2M | Reduce -58.4% |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | 2,024,000 | $2.0M | Add +97.7% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 1,911,000 | $2.0M | Add +50.2% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 1,379,000 | $2.0M | Reduce -89.8% |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | 1,609,000 | $1.9M | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 1,387,000 | $1.9M | Reduce -12.7% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 2,032,000 | $1.9M | Add +185.4% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 1,757,000 | $1.9M | New |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 1,901,000 | $1.8M | Add +245.0% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 43,010 | $1.8M | Reduce -13.8% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 1,755,000 | $1.7M | Add +201.0% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,217,000 | $1.5M | Reduce -39.8% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 1,531,000 | $1.5M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 1,357,000 | $1.4M | Add +78.5% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 1,503,000 | $1.4M | Add +37475.0% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 1,391,000 | $1.4M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 1,353,000 | $1.4M | Reduce -66.2% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 4,467,000 | $1.3M | Add +22.1% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 1,281,000 | $1.3M | Add +1372.4% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 1,354,000 | $1.2M | Add +285.8% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 770,000 | $1.2M | No change |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 1,250,000 | $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 |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 934,000 | $1.1M | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 1,023,000 | $1.0M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 931,000 | $972K | Add +175.4% |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 838,000 | $971K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 334,000 | $948K | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 619,000 | $910K | New |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 837,000 | $849K | Add +0.2% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 850,000 | $829K | Add +1064.4% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 643,000 | $813K | Add +19.3% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 864,000 | $802K | Reduce -89.4% |
| IREN LTD (IREN 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 327,000 | $800K | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 769,000 | $777K | Add +80.5% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 922,000 | $750K | Reduce -37.1% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 767,000 | $707K | Reduce -2.9% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 203,000 | $682K | Reduce -95.5% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 503,000 | $667K | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 609,000 | $660K | Add +453.6% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 559,000 | $614K | Reduce -87.1% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 615,000 | $608K | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 364,000 | $597K | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 601,000 | $595K | Reduce -47.0% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 584,000 | $589K | New |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 561,000 | $558K | No change |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 563,000 | $557K | Add +16.6% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 445,000 | $455K | Add +345.0% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 450,000 | $434K | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 162,000 | $407K | Reduce -68.4% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 360,000 | $391K | Reduce -85.1% |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 256,000 | $379K | New |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 389,000 | $377K | New |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 104,173 | $352K | No change |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 296,000 | $325K | No change |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 115,000 | $297K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 268,000 | $269K | Reduce -89.9% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 261,000 | $268K | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 246,000 | $265K | Add +8.8% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 255,000 | $263K | No change |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 250,000 | $263K | New |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 236,000 | $254K | No change |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 248,000 | $245K | No change |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 250,000 | $241K | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 263,000 | $238K | New |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 141,000 | $235K | Reduce -78.1% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 208,000 | $232K | Reduce -85.1% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 238,000 | $221K | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 158,000 | $215K | Add +177.2% |
| BEYOND MEAT INC (BYND 7 10/15/30) | DEBT 10/1 · principal | 264,000 | $204K | New |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 195,000 | $184K | No change |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 64,000 | $162K | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 158,000 | $158K | Reduce -64.3% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 60,000 | $137K | Reduce -57.1% |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 154,000 | $121K | New |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | 131,000 | $118K | No change |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 113,000 | $114K | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 81,000 | $111K | No change |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 108,000 | $108K | Reduce -88.1% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 107,000 | $105K | No change |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 92,000 | $91K | No change |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 60,000 | $89K | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 91,000 | $83K | No change |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 60,000 | $75K | No change |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 50,000 | $71K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 938,000 | $56K | No change |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 55,000 | $56K | Add +66.7% |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 51,000 | $55K | No change |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 46,000 | $45K | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 38,000 | $44K | Reduce -99.3% |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 16,000 | $43K | New |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 43,000 | $41K | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 39,000 | $38K | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 38,000 | $38K | Reduce -95.6% |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 22,000 | $24K | New |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 23,000 | $22K | 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 |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 8 | $10K | Reduce -99.9% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 7 | $9K | Reduce -99.9% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 8,000 | $8K | 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 | No change |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 82,000 | $5K | No change |
| BANDWIDTH INC (BAND 0.25 03/01/26) | NOTE 0.250% 3/0 · principal | 4,000 | $4K | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 3,000 | $3K | No change |
| OMNICELL INC (OMCL 1 12/01/29) | NOTE 1.000%12/0 · principal | 2,000 | $2K | New |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 4,000 | $2K | 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: $146.8B.
Portfolio Sells Q3 2025 → Q4 2025
| BAC Bank of America Corp. | Reduce -54.9% | 0.91% | −1.00 |
| TSLA Tesla Inc. | Reduce -32.1% | 2.00% | −0.95 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -42.4% | 0.67% | −0.48 |
| JPM JPMorgan Chase & Co. | Reduce -41.2% | 0.66% | −0.45 |
| AVGO Broadcom Inc. | Reduce -16.9% | 2.11% | −0.34 |
| XLI SS Industrial Select Sector | Reduce -42.7% | 0.40% | −0.30 |
| KRE SS SPDR S&P Regional Bank | Reduce -69.4% | 0.12% | −0.27 |
| V Visa Inc. Class A | Reduce -28.8% | 0.60% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -14.1% | 1.85% | −0.22 |
| SCHW Schwab (charles) Corp. | Reduce -66.9% | 0.11% | −0.21 |
| BLK BlackRock Inc. | Reduce -64.0% | 0.09% | −0.18 |
| VWO Vanguard Ftse Emerging Marke | Reduce -70.3% | 0.07% | −0.18 |
| ABBV Abbvie Inc. | Reduce -39.1% | 0.26% | −0.18 |
| ABT Abbott Laboratories | Reduce -48.2% | 0.16% | −0.18 |
| PANW Palo Alto Networks Inc. | Reduce -35.9% | 0.23% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -29.9% | 0.38% | −0.17 |
| RTX RTX Corp. | Reduce -46.0% | 0.21% | −0.15 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.12 |
| VEA Vanguard Ftse Developed ETF | Reduce -63.4% | 0.07% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -22.0% | 0.21% | −0.12 |
| LNG Cheniere Energy Inc. | Reduce -66.3% | 0.04% | −0.11 |
| BKNG Booking Holdings Inc. | Reduce -30.8% | 0.23% | −0.11 |
| ANET Arista Networks Inc. | Reduce -41.0% | 0.12% | −0.11 |
| SE Sea Ltd.-ADR | Reduce -7.2% | 0.20% | −0.11 |
| SAP Sap SE-Sponsored ADR | Reduce -92.6% | 0.01% | −0.10 |
| CCJ Cameco Corp. | Reduce -71.4% | 0.04% | −0.10 |
| CRH CRH PLC | Reduce -66.9% | 0.05% | −0.10 |
| UTHR United Therapeutics Corp. | Reduce -66.6% | 0.06% | −0.10 |
| CMI Cummins Inc. | Reduce -74.2% | 0.04% | −0.10 |
| MDLZ Mondelez International Inc. Class A | Reduce -52.2% | 0.07% | −0.10 |
| TTWO Take-Two Interactive Softwre | Reduce -69.0% | 0.04% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -23.1% | 0.46% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -50.7% | 0.09% | −0.09 |
| COIN Coinbase Global Inc. Class A | Reduce -0.9% | 0.17% | −0.09 |
| FXI iShares China Large-Cap ETF | Reduce -60.1% | 0.05% | −0.09 |
| LMT Lockheed Martin Corp. | Reduce -53.9% | 0.07% | −0.09 |
| IEMG iShares Core MSCI Emerging | Reduce -25.3% | 0.27% | −0.09 |
| WDAY Workday Inc. Class A | Reduce -42.9% | 0.09% | −0.09 |
| DASH DoorDash Inc. Class A | Reduce -38.8% | 0.09% | −0.09 |
| FISV Fiserv Inc. | Reduce -29.3% | 0.05% | −0.08 |
| DE Deere & Co. | Reduce -54.4% | 0.07% | −0.08 |
| SPOT Spotify Technology SA | Reduce -41.3% | 0.08% | −0.08 |
| XHB SS SPDR S&P Homebldrs ETF | Reduce -44.9% | 0.08% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -23.9% | 0.25% | −0.08 |
| PDD PDD Holdings Inc. | Reduce -28.6% | 0.12% | −0.08 |
| BKR Baker Hughes Co. | Reduce -61.1% | 0.04% | −0.08 |
| KEYS Keysight Technologies Inc. | Reduce -72.3% | 0.04% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -17.7% | 0.24% | −0.08 |
| PWR Quanta Services Inc. | Reduce -52.2% | 0.07% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -33.6% | 0.09% | −0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +148.4% | 3.97% | +2.39 |
| XLP SS Consumer Staples Sel Sect | Add +349.2% | 1.21% | +0.93 |
| MSFT Microsoft Corp. | Add +23.9% | 3.92% | +0.49 |
| GOOGL Alphabet Inc. Class A | Add +2.4% | 2.00% | +0.46 |
| NVDA Nvidia Corp. | Add +10.5% | 4.71% | +0.39 |
| GE General Electric | Add +148.7% | 0.65% | +0.39 |
| MU Micron Technology Inc. | Add +1.3% | 0.88% | +0.36 |
| XBI SS SPDR S&P Biotech ETF | Add +15.0% | 1.05% | +0.29 |
| TTE Totalenergies SE | Add +1374.8% | 0.31% | +0.29 |
| AMD Advanced Micro Devices | Add +24.9% | 0.72% | +0.28 |
| AAPL Apple Inc. | Add +3.8% | 2.98% | +0.26 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3587.3% | 0.25% | +0.24 |
| IBB iShares Biotechnology ETF | Add +40.9% | 0.61% | +0.23 |
| SMH Vaneck Semiconductor ETF | Add +104.9% | 0.35% | +0.20 |
| LITE Lumentum Holdings Inc. | Add +1100.0% | 0.19% | +0.19 |
| AZN Astrazeneca PLC-Spons ADR | Add +61.0% | 0.39% | +0.18 |
| NTAP Netapp Inc. | Add +218.6% | 0.22% | +0.14 |
| LLY Eli Lilly & Co. | Add +0.2% | 0.49% | +0.14 |
| IAU iShares Gold Trust | Add +35.7% | 0.40% | +0.13 |
| CRWV Coreweave Inc. Class A | Add +1119.3% | 0.15% | +0.12 |
| PFE Pfizer Inc. | Add +97.7% | 0.24% | +0.12 |
| IWM iShares Russell 2000 ETF | Add +26.5% | 0.54% | +0.11 |
| JNJ Johnson & Johnson | Add +38.4% | 0.31% | +0.11 |
| FER Ferrovial NV | Add +105.5% | 0.18% | +0.10 |
| MNST Monster Beverage Corp. | Add +154.0% | 0.15% | +0.10 |
| VONE Vanguard Russell 1000 | Add +27575.2% | 0.10% | +0.10 |
| FNGU Ms Fang+ 3X Leveraged ETN | Add +290.0% | 0.13% | +0.09 |
| RSP Invesco S&P 500 Equal Weight | Add +61.8% | 0.25% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +10.3% | 0.52% | +0.09 |
| CSCO Cisco Systems Inc. | Add +13.3% | 0.41% | +0.08 |
| INTC Intel Corp. | Add +10.7% | 0.49% | +0.08 |
| SNDK Sandisk Corp. | Add +172.1% | 0.10% | +0.08 |
| TECK Teck Resources Ltd.-CLS B | Add +865.9% | 0.09% | +0.08 |
| REGN Regeneron Pharmaceuticals | Add +77.5% | 0.13% | +0.08 |
| STLA Stellantis NV | Add +46.4% | 0.17% | +0.07 |
| QCOM Qualcomm Inc. | Add +15.3% | 0.47% | +0.07 |
| XLF SS Financial Select Sector | Add +33.0% | 0.26% | +0.07 |
| DB Deutsche Bank AG-Registered | Add +52.0% | 0.16% | +0.06 |
| MMSI Merit Medical Systems Inc. | Add +4390.9% | 0.06% | +0.06 |
| IBM Intl Business Machines Corp. | Add +12.3% | 0.44% | +0.06 |
| APP AppLovin Corp. Class A | Add +42.5% | 0.25% | +0.06 |
| WELL Welltower Inc. | Add +73.2% | 0.14% | +0.06 |
| RWR SS SPDR Dow Jones REIT ETF | Add +79568.1% | 0.06% | +0.06 |
| EEM iShares MSCI Emerging Market | Add +35.2% | 0.22% | +0.06 |
| COHR Coherent Corp. | Add +110.6% | 0.08% | +0.06 |
| CDTX Cidara Therapeutics Inc. | Add +17795.3% | 0.05% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +18.8% | 0.41% | +0.05 |
| NXPI NXP Semiconductors NV | Add +36.6% | 0.23% | +0.05 |
| BIIB Biogen Inc. | Add +183.7% | 0.07% | +0.05 |
| RDDT Reddit Inc. Class A | Add +22.1% | 0.29% | +0.05 |
Options Activity Q3 2025 → Q4 2025
| IWM iShares Russell 2000 ETF | put | Reduce -21.5% | 18,824,400 | $4.6B |
| TSLA Tesla Inc. | put | Reduce -2.4% | 10,184,000 | $4.6B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +15.7% | 5,763,100 | $3.5B |
| NVDA Nvidia Corp. | put | Add +6.4% | 17,953,200 | $3.3B |
| GLD SPDR Gold Shares | call | Add +191.3% | 7,563,000 | $3.0B |
| CVNA Carvana Co. | put | Add +22.6% | 5,833,700 | $2.5B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -42.3% | 29,814,700 | $2.4B |
| AAPL Apple Inc. | put | Add +11.6% | 8,776,300 | $2.4B |
| MSFT Microsoft Corp. | put | Add +9.2% | 4,393,100 | $2.1B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +9.5% | 3,282,800 | $2.0B |
| GOOGL Alphabet Inc. Class A | put | Add +16.9% | 4,904,100 | $1.5B |
| TSLA Tesla Inc. | call | Reduce -11.5% | 3,376,900 | $1.5B |
| IWM iShares Russell 2000 ETF | call | Add +36.6% | 6,085,600 | $1.5B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -5.1% | 2,146,400 | $1.5B |
| NVDA Nvidia Corp. | call | Add +6.7% | 7,308,600 | $1.4B |
| AMZN Amazon.com Inc. | put | Add +10.7% | 5,068,800 | $1.2B |
| GOOG Alphabet Inc. Class C | put | Add +16.9% | 3,592,600 | $1.1B |
| AVGO Broadcom Inc. | put | Reduce -22.9% | 3,180,900 | $1.1B |
| V Visa Inc. Class A | put | Add +24.8% | 2,854,500 | $1.0B |
| GLD SPDR Gold Shares | put | Reduce -4.2% | 2,387,900 | $946.3M |
| INTU Intuit Inc. | put | Add +2.4% | 1,405,900 | $931.3M |
| EEM iShares MSCI Emerging Market | put | Reduce -23.5% | 14,635,600 | $800.7M |
| META Meta Platforms Inc. Class A | put | Add +10.4% | 1,179,300 | $778.4M |
| XLF SS Financial Select Sector | put | Add +86.0% | 14,184,200 | $776.9M |
| XLE SS Energy Select Sector | put | Add +30.7% | 16,281,000 | $727.9M |
| META Meta Platforms Inc. Class A | call | Add +63.7% | 1,084,400 | $715.8M |
| MSFT Microsoft Corp. | call | Add +22.6% | 1,211,700 | $586.0M |
| GOOGL Alphabet Inc. Class A | call | Add +29.9% | 1,723,700 | $539.5M |
| XLE SS Energy Select Sector | call | Add +41.2% | 10,920,600 | $488.3M |
| EFA iShares MSCI Eafe ETF | call | Add +7.0% | 5,071,900 | $487.1M |
| JPM JPMorgan Chase & Co. | put | Add +12.6% | 1,491,800 | $480.7M |
| AAPL Apple Inc. | call | Reduce -10.6% | 1,722,800 | $468.4M |
| EEM iShares MSCI Emerging Market | call | Reduce -3.6% | 8,191,000 | $448.1M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +28.9% | 889,300 | $447.0M |
| STLA Stellantis NV | put | Reduce -8.0% | 40,395,000 | $439.9M |
| LLY Eli Lilly & Co. | put | Add +3.9% | 363,000 | $390.1M |
| EFA iShares MSCI Eafe ETF | put | Reduce -8.4% | 4,038,100 | $387.8M |
| RDDT Reddit Inc. Class A | put | Add +154.6% | 1,680,000 | $386.2M |
| BAC Bank of America Corp. | put | Add +27.6% | 6,647,300 | $365.6M |
| AMZN Amazon.com Inc. | call | Reduce -18.5% | 1,553,600 | $358.6M |
| XLF SS Financial Select Sector | call | Add +2.0% | 5,863,800 | $321.2M |
| MCD McDonald's Corp. | put | Add +6.0% | 1,001,000 | $305.9M |
| ORCL Oracle Corp. | put | Add +22.7% | 1,540,400 | $300.2M |
| JNJ Johnson & Johnson | put | Add +15.8% | 1,436,900 | $297.4M |
| VZ Verizon Communications Inc. | put | Add +1.8% | 7,212,000 | $293.7M |
| GEV GE Vernova Inc. | call | Add +1360.0% | 438,000 | $286.3M |
| ABBV Abbvie Inc. | put | Add +8.5% | 1,198,900 | $273.9M |
| XOM Exxon Mobil Corp. | put | Add +1.7% | 2,198,400 | $264.6M |
| AMD Advanced Micro Devices | put | Add +0.2% | 1,216,100 | $260.4M |
| IBM Intl Business Machines Corp. | put | Add +66.4% | 874,100 | $258.9M |
Showing the first 50 of 721.
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
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +84.7% | 21,308,000 | $19.1M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | New | 11,987,000 | $18.5M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -14.9% | 341,240 | $17.7M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +224.1% | 346,750 | $16.9M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 13,385,000 | $16.3M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +229.7% | 16,153,000 | $16.1M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +486.9% | 2,876,000 | $15.3M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | Add +238.1% | 15,621,000 | $15.1M |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | Reduce -7.1% | 13,043,000 | $14.3M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +5.1% | 278,101 | $14.0M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Add +553.4% | 13,068,000 | $14.0M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Sold out | 12,580,000 | $13.9Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 13,036,000 | $13.4Mbefore exit |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +39.8% | 12,837,000 | $13.2M |
| ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) | NOTE 4.250%11/1 · principal | New | 8,722,000 | $13.2M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +233.5% | 10,185,000 | $12.5M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Reduce -12.5% | 12,134,000 | $12.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +4349.8% | 12,326,000 | $12.2M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +139.5% | 10,456,000 | $11.9M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Add +97.0% | 9,848,000 | $11.8M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +658.9% | 7,232,000 | $11.2M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +42.1% | 10,715,000 | $11.1M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Add +574.0% | 10,427,000 | $11.1M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Add +389.0% | 9,359,000 | $10.7M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +104.2% | 11,126,000 | $10.6M |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | Sold out | 7,110,000 | $10.3Mbefore exit |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | Add +707.0% | 8,070,000 | $10.1M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +100.0% | 10,000,000 | $10.0M |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | New | 10,206,000 | $9.8M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +136.9% | 10,984,000 | $9.8M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Add +202.4% | 2,552,000 | $9.5M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +4.9% | 6,653,000 | $9.4M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 5,384,000 | $8.6M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -47.4% | 143,820 | $8.5M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Add +40.8% | 8,042,000 | $8.4M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +207.5% | 5,219,000 | $7.6M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +17122.2% | 1,550,000 | $7.1M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 5,777,000 | $7.0Mbefore exit |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | New | 5,119,000 | $7.0M |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | Sold out | 5,500,000 | $6.8Mbefore exit |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 4,490,000 | $6.7M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -7.3% | 4,976,000 | $6.5M |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Sold out | 5,911,000 | $6.4Mbefore exit |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -59.2% | 5,075,000 | $6.4M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | New | 6,388,000 | $6.4M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Add +117.8% | 5,398,000 | $6.3M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -0.3% | 76,393 | $5.8M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -73.6% | 81,757 | $5.6M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +1872.3% | 5,917,000 | $5.6M |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | Add +69.7% | 6,939,000 | $5.6M |
Showing the first 50 of 180.
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 |