Conning Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Conning Inc. reported 323 stock positions worth $2.9 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 2.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 2.4%) and iShares Core S&P Small-Cap E (IJR, 1.6%). Compared with Q2 2025, it opened 19 new positions, sold out of 10, added to 42 and reduced 101. The biggest buy was L3HARRIS Technologies (LHX, shares +9716%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −34%).

Most Recent 13F
Q2 2026
Location
HARTFORD, CT
CIK
0000801051
Portfolio Value
$2.9B (Q3 2025)
SEC Filing
0000801051-25-000002 ↗ filed Oct 28, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.9B Q1 2024 Q2 2024: $2.7B Q2 2024 Q3 2024: $2.9B Q3 2024 Q4 2024: $2.7B Q4 2024 Q1 2025: $2.7B Q1 2025 Q2 2025: $2.8B Q2 2025 Q3 2025: $2.9B $2.9B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $2.9B Q1 2026 Q2 2026: $3.2B Q2 2026

Holdings 323 stocks · $2.9B
SPY SS SPDR S&P 500 ETF Trust-US 2.41% 103,327 $68.8M Reduce -34.0%
IVV iShares Core S&P 500 ETF 2.36% 100,546 $67.3M Reduce -1.3%
IJR iShares Core S&P Small-Cap E 1.64% 394,331 $46.9M No change
JPM JPMorgan Chase & Co. 1.41% 127,862 $40.3M Reduce -12.6%
CAT Caterpillar Inc. 1.36% 81,480 $38.9M Reduce -18.8%
ABBV Abbvie Inc. 1.35% 166,081 $38.5M Reduce -13.1%
GLW Corning Inc. 1.33% 461,775 $37.9M Reduce -31.4%
RTX RTX Corp. 1.31% 223,734 $37.4M Reduce -11.4%
MBB iShares MBS ETF 1.29% 387,672 $36.9M No change
UNP Union Pacific Corp. 1.28% 154,141 $36.4M Reduce -1.8%
XOM Exxon Mobil Corp. 1.26% 318,696 $35.9M Reduce -9.9%
LMT Lockheed Martin Corp. 1.25% 71,555 $35.7M Add +0.9%
CMI Cummins Inc. 1.25% 84,243 $35.6M Reduce -20.6%
BLK BlackRock Inc. 1.24% 30,439 $35.5M Reduce -13.2%
QCOM Qualcomm Inc. 1.24% 212,849 $35.4M Reduce -9.3%
LHX L3HARRIS Technologies Inc. 1.24% 115,440 $35.3M Add +9716.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.23% 124,821 $35.2M Add +2312.9%
MS Morgan Stanley 1.23% 220,103 $35.0M Reduce -17.7%
CSCO Cisco Systems Inc. 1.23% 511,134 $35.0M Reduce -7.3%
GD General Dynamics Corp. 1.23% 102,480 $34.9M Reduce -16.9%
AFL Aflac Inc. 1.22% 311,300 $34.8M Reduce -6.8%
UNH Unitedhealth Group Inc. 1.21% 100,304 $34.6M Reduce -15.7%
CVX Chevron Corp. 1.21% 222,765 $34.6M Reduce -12.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.21% 316,962 $34.5M Reduce -18.0%
OMC Omnicom Group 1.21% 423,528 $34.5M Reduce -11.4%
VLO Valero Energy Corp. 1.21% 202,411 $34.5M Reduce -23.7%
COP Conocophillips 1.20% 363,131 $34.3M Reduce -9.4%
HD Home Depot Inc. 1.20% 84,455 $34.2M Reduce -12.4%
CME Cme Group Inc. 1.20% 126,508 $34.2M Add +2.0%
VZ Verizon Communications Inc. 1.19% 774,503 $34.0M Reduce -4.2%
PFG Principal Financial Group 1.19% 409,864 $34.0M Reduce -8.0%
ABT Abbott Laboratories 1.19% 253,290 $33.9M Reduce -2.7%
TRV The Travelers Cos Inc. 1.19% 121,178 $33.8M Reduce -4.1%
MRK Merck & Co. Inc. 1.18% 401,059 $33.7M Add +1059.9%
TXN Texas Instruments Inc. 1.18% 182,578 $33.5M Reduce -0.5%
PG The Procter & Gamble Co. 1.18% 218,233 $33.5M Add +0.0%
PNC PNC Financial Services Group 1.17% 166,513 $33.5M Reduce -15.3%
PEP Pepsico Inc. 1.17% 237,273 $33.3M Reduce -10.8%
KO The Coca-Cola Co. 1.16% 499,933 $33.2M Add +1.1%
MDLZ Mondelez International Inc. Class A 1.16% 530,702 $33.2M Add +2.3%
JNJ Johnson & Johnson 1.16% 178,680 $33.1M Reduce -14.5%
ADI Analog Devices Inc. 1.16% 134,814 $33.1M Reduce -14.3%
ITW Illinois Tool Works 1.16% 126,697 $33.0M Reduce -9.2%
SBUX Starbucks Corp. 1.16% 390,422 $33.0M Add +1.1%
ADP Automatic Data Processing 1.16% 112,529 $33.0M Add +5.3%
PKG Packaging Corp. of America 1.16% 151,245 $33.0M Reduce -12.5%
MCD McDonald's Corp. 1.15% 107,858 $32.8M Reduce -3.8%
GILD Gilead Sciences Inc. 1.13% 291,475 $32.4M Reduce -8.5%
GPC Genuine Parts Co. 1.13% 233,033 $32.3M Reduce -12.2%
NVDA Nvidia Corp. 1.12% 171,732 $32.0M Reduce -9.2%
BMY Bristol-Myers Squibb Co. 1.11% 701,912 $31.7M Reduce -2.0%
BBY Best Buy Co. Inc. 1.11% 417,187 $31.5M Reduce -12.9%
HON Honeywell International Inc. 1.10% 149,432 $31.5M Add +3096.4%
CMCSA Comcast Corp. Class A 1.10% 999,221 $31.4M Reduce -1.4%
KMB Kimberly-Clark Corp. 1.10% 251,748 $31.3M Add +1.4%
EOG EOG Resources Inc. 1.09% 277,163 $31.1M Reduce -8.7%
CL Colgate-Palmolive Co. 1.08% 387,098 $30.9M Add +3.0%
PAYX Paychex Inc. 1.08% 244,096 $30.9M Add +13.5%
HPQ HP Inc. 1.07% 1,123,250 $30.6M Reduce -15.9%
CI The Cigna Group 1.06% 104,468 $30.1M Add +5375.3%
AAPL Apple Inc. 0.97% 108,297 $27.6M Reduce -3.4%
MSFT Microsoft Corp. 0.96% 52,606 $27.2M Reduce -2.6%
SRLN SS Blackstone Sr Loan ETF 0.93% 641,275 $26.7M Reduce -10.1%
PM Philip Morris International 0.89% 156,433 $25.4M Add +5.0%
MO Altria Group Inc. 0.85% 366,183 $24.2M Add +4073.5%
MDY State Street SPDR S&P Midcap 0.81% 38,596 $23.0M Reduce -4.0%
IJH iShares Core S&P Midcap ETF 0.76% 330,740 $21.6M No change
VOO Vanguard S&P 500 ETF 0.68% 31,887 $19.5M Reduce -19.1%
VTI VG Morningstar TS MKT ETF-US 0.57% 49,266 $16.2M No change
BAB Invesco Taxable Municipal Bo 0.47% 490,000 $13.4M No change
VOOG Vanguard S&P 500 Growth ETF 0.46% 30,015 $13.1M Add +95.4%
META Meta Platforms Inc. Class A 0.45% 17,575 $12.9M Reduce -5.9%
PFF iShares Preferred & Income S 0.43% 390,500 $12.3M No change
AMZN Amazon.com Inc. 0.43% 55,732 $12.2M Reduce -1.0%
GOOGL Alphabet Inc. Class A 0.42% 49,306 $12.0M Reduce -14.7%
EFA iShares MSCI Eafe ETF 0.41% 126,096 $11.8M Reduce -60.3%
IWF iShares Russell 1000 Growth 0.40% 24,087 $11.3M No change
PFFD Global X US Preferred ETF 0.40% 580,200 $11.3M No change
IEFA iShares Core MSCI Eafe ETF 0.36% 118,845 $10.4M No change
VOOV Vanguard S&P 500 Value ETF 0.36% 50,885 $10.2M Add +90.0%
IWM iShares Russell 2000 ETF 0.35% 41,524 $10.0M Reduce -18.5%
AVGO Broadcom Inc. 0.33% 28,116 $9.3M Add +0.3%
IEMG iShares Core MSCI Emerging 0.32% 137,998 $9.1M No change
VEA Vanguard Ftse Developed ETF 0.32% 151,091 $9.1M Add +32.2%
IVW iShares S&P 500 Growth ETF 0.32% 74,770 $9.0M Reduce -13.4%
LLY Eli Lilly & Co. 0.27% 10,269 $7.8M Reduce -1.5%
V Visa Inc. Class A 0.27% 22,861 $7.8M Reduce -0.7%
TSLA Tesla Inc. 0.26% 16,669 $7.4M No change
HEDJ Wisdomtree Europe Hedged Equ 0.25% 144,030 $7.3M No change
MA Mastercard Inc. Class A 0.24% 12,236 $7.0M Reduce -4.4%
IWP iShares Russell Mid-Cap Grow 0.24% 48,426 $6.9M No change
IWS iShares Russell Mid-Cap Valu 0.23% 47,016 $6.6M No change
WMT Walmart Inc. 0.23% 63,458 $6.5M Reduce -4.9%
GOOG Alphabet Inc. Class C 0.22% 25,765 $6.3M Reduce -0.4%
AMAT Applied Materials Inc. 0.22% 30,359 $6.2M Reduce -8.2%
LRCX Lam Research Corp. 0.22% 46,275 $6.2M Reduce -21.1%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.21% 75,158 $6.1M No change
COST Costco Wholesale Corp. 0.21% 6,413 $5.9M Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 11,387 $5.7M No change
GE General Electric filed as GE AEROSPACE 0.20% 19,021 $5.7M Add +202.7%
KLAC KLA Corp. 0.20% 5,264 $5.7M Reduce -16.7%
INTU Intuit Inc. 0.19% 7,996 $5.5M Add +4.2%
IGIB iShares 5-10Y Inv Grade Corp. 0.19% 100,754 $5.4M No change
APH Amphenol Corp. Class A 0.19% 43,956 $5.4M Add +406.0%
AXP American Express Co. 0.19% 16,315 $5.4M Add +187.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 37,238 $5.4M Reduce -10.5%
TMO Thermo Fisher Scientific Inc. 0.19% 10,937 $5.3M Reduce -16.7%
SCHW Schwab (charles) Corp. 0.18% 53,247 $5.1M Add +2.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 41,284 $4.7M Reduce -6.3%
CRM Salesforce Inc. 0.17% 19,893 $4.7M Reduce -0.8%
ICE Intercontinental Exchange Inc. 0.16% 27,414 $4.6M Reduce -1.4%
ECL Ecolab Inc. 0.16% 16,832 $4.6M Reduce -5.8%
BKNG Booking Holdings Inc. 0.16% 845 $4.6M Reduce -4.2%
NWE Northwestern Energy Group Inc. 0.16% 77,076 $4.5M No change
PGR Progressive Corp. 0.16% 18,158 $4.5M Add +6.9%
DHR Danaher Corp. 0.16% 22,445 $4.4M Reduce -4.8%
RSG Republic Services Inc. 0.16% 19,371 $4.4M Add +1251.8%
MRSH Marsh & McLennan Cos 0.14% 20,462 $4.1M Add +7.6%
WM Waste Management Inc. 0.14% 18,211 $4.0M Add +2.8%
NKE Nike Inc. Class B 0.14% 55,751 $3.9M Reduce -16.9%
EEM iShares MSCI Emerging Market 0.13% 70,131 $3.7M No change
VNQ Vanguard Real Estate ETF 0.13% 40,350 $3.7M No change
MET Metlife Inc. 0.12% 43,011 $3.5M No change
ZIFF DAVIS INC (ZD 1.75 11/01/26) 0.12% 3,600,000 $3.5M No change
NFLX Netflix Inc. 0.11% 2,628 $3.2M No change
UTF Cohen & Steers Infrastructur 0.11% 124,984 $3.1M Add +1.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.11% 10,535 $3.1M No change
ORCL Oracle Corp. 0.10% 10,452 $2.9M No change
ANGL Vaneck Fallen Angel High YLD 0.10% 97,267 $2.9M No change
SPLB SS SPDR P Long Term C ETF 0.10% 124,080 $2.9M No change
EVRG Evergy Inc. 0.09% 33,994 $2.6M No change
VB Vanguard Most SM-Cap ETF-Usd 0.08% 9,084 $2.3M No change
IEI iShares 3-7 Year Treasury Bo 0.08% 19,236 $2.3M No change
WFC Wells Fargo & Co. 0.08% 26,054 $2.2M No change
PLTR Palantir Technologies Inc. Class A 0.07% 11,687 $2.1M Add +1.1%
D Dominion Energy Inc. 0.07% 33,041 $2.0M No change
IWR iShares Russell Mid-Cap ETF 0.07% 20,598 $2.0M Reduce -73.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 38,029 $2.0M No change
PFE Pfizer Inc. 0.06% 68,870 $1.8M No change
GS Goldman Sachs Group Inc. 0.06% 2,135 $1.7M No change
VMBS Vanguard Mortgage-Backed Sec 0.06% 36,000 $1.7M No change
AMD Advanced Micro Devices 0.06% 9,854 $1.6M No change
C Citigroup Inc. 0.05% 14,352 $1.5M No change
WEC WEC Energy Group Inc. 0.05% 12,594 $1.4M No change
LIN Linde PLC 0.05% 2,829 $1.3M No change
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.05% 5,427 $1.3M New
VIG Vanguard Dividend Apprec ETF 0.05% 6,050 $1.3M New
IVE iShares S&P 500 Value ETF 0.05% 6,227 $1.3M Reduce -0.7%
T AT&T Inc. 0.04% 44,132 $1.2M No change
MU Micron Technology Inc. 0.04% 7,040 $1.2M No change
MDT Medtronic PLC 0.04% 12,262 $1.2M Reduce -4.8%
NOW ServiceNow Inc. 0.04% 1,199 $1.1M No change
UBER Uber Technologies Inc. 0.04% 11,141 $1.1M No change
GEV GE Vernova Inc. 0.04% 1,727 $1.1M Add +2.1%
AMGN Amgen Inc. 0.04% 3,732 $1.1M Reduce -6.1%
ADBE Adobe Inc. 0.04% 2,953 $1.0M Reduce -7.8%
LOW Lowe's Cos Inc. 0.04% 4,142 $1.0M No change
ISRG Intuitive Surgical Inc. 0.04% 2,302 $1.0M Reduce -12.5%
NEE Nextera Energy Inc. 0.04% 13,611 $1.0M No change
BA The Boeing Co. 0.04% 4,655 $1.0M Add +1.9%
ADM Archer-Daniels-Midland Co. 0.03% 16,683 $997K No change
ANET Arista Networks Inc. 0.03% 6,584 $959K No change
ACN Accenture PLC Class A 0.03% 3,889 $959K No change
BSX Boston Scientific Corp. 0.03% 9,130 $891K No change
VCLT Vanguard Long-Term Corp. Bond 0.03% 11,380 $884K No change
OKE Oneok Inc. 0.03% 11,650 $850K No change
SYK Stryker Corp. 0.03% 2,259 $835K Reduce -9.0%
WMB Williams Cos Inc. 0.03% 13,164 $834K Reduce -10.1%
COF Capital One Financial Corp. 0.03% 3,900 $829K Add +2.4%
PSA Public Storage 0.03% 2,830 $817K No change
ETN Eaton Corp. PLC 0.03% 2,142 $802K No change
CB Chubb Ltd. 0.03% 2,780 $785K Reduce -7.7%
SPGI S&P Global Inc. 0.03% 1,593 $775K Reduce -17.7%
IVOG Vanguard S&P Mid-Cap 400 Gro 0.03% 6,348 $758K Add +132.9%
INTC Intel Corp. 0.03% 21,666 $727K Reduce -1.4%
DE Deere & Co. 0.03% 1,580 $722K Reduce -2.0%
TT Trane Technologies PLC 0.02% 1,666 $703K No change
ORLY O'reilly Automotive Inc. 0.02% 6,435 $694K No change
CEG Constellation Energy 0.02% 2,017 $664K No change
SO The Southern Co. 0.02% 6,974 $661K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.02% 10,189 $660K Add +3.5%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 1,271 $623K No change
NOC Northrop Grumman Corp. 0.02% 1,011 $616K No change
PANW Palo Alto Networks Inc. 0.02% 3,011 $613K No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 1,544 $605K No change
CVS CVS Health Corp. 0.02% 7,929 $598K No change
AMT American Tower Corp. 0.02% 3,104 $597K No change
MCK McKesson Corp. 0.02% 771 $596K No change
CDNS Cadence Design SYS Inc. 0.02% 1,691 $594K No change
WELL Welltower Inc. 0.02% 3,331 $593K No change
BX Blackstone Inc. 0.02% 3,417 $584K No change
PLD Prologis Inc. 0.02% 5,068 $580K No change
TMUS T-Mobile US Inc. 0.02% 2,411 $577K No change
AON Aon PLC Class A 0.02% 1,596 $569K No change
PH Parker Hannifin Corp. 0.02% 747 $566K No change
ET Energy Transfer LP 0.02% 31,667 $543K No change
EMR Emerson Electric Co. 0.02% 4,127 $541K No change
KMI Kinder Morgan Inc. 0.02% 18,688 $529K Reduce -5.5%
CSX CSX Corp. 0.02% 14,629 $519K Add +4.2%
NSC Norfolk Southern Corp. 0.02% 1,728 $519K No change
MMM 3M Co. 0.02% 3,339 $518K No change
SHEL Shell PLC-ADR 0.02% 7,086 $507K New
HCA HCA Healthcare Inc. 0.02% 1,169 $498K No change
CNQ Canadian Natural Resources 0.02% 15,509 $496K Reduce -1.8%
PSX Phillips 66 0.02% 3,635 $494K No change
MPC Marathon Petroleum Corp. 0.02% 2,562 $494K No change
UL Unilever PLC 0.02% 8,238 $488K New
CTAS Cintas Corp. 0.02% 2,305 $473K No change
FISV Fiserv Inc. 0.02% 3,668 $473K No change
DUK Duke Energy Corp. 0.02% 3,809 $471K No change
RCL Royal Caribbean Cruises Ltd. 0.02% 1,455 $471K No change
JCI Johnson Controls Internation 0.02% 4,246 $467K No change
PYPL PayPal Holdings Inc. 0.02% 6,857 $460K No change
USB US Bancorp 0.02% 9,468 $458K No change
KKR KKR & Co. Inc. 0.02% 3,511 $456K No change
TDG Transdigm Group Inc. 0.02% 342 $451K Add +3.6%
NEM Newmont Corp. 0.02% 5,266 $444K No change
SHW The Sherwin-Williams Co. 0.02% 1,280 $443K Reduce -15.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.02% 1,427 $442K No change
DASH DoorDash Inc. Class A 0.02% 1,609 $438K New
SNPS Synopsys Inc. 0.02% 881 $435K Add +13.5%
CMS CMS Energy Corp. 0.02% 5,924 $434K Reduce -4.5%
ELV Elevance Health Inc. 0.01% 1,327 $429K No change
EQIX Equinix Inc. 0.01% 540 $423K No change
AEP American Electric Power 0.01% 3,759 $423K No change
ZTS Zoetis Inc. 0.01% 2,871 $420K No change
ADSK Autodesk Inc. 0.01% 1,314 $417K No change
IJS iShares S&P Small-Cap 600 Va 0.01% 3,771 $417K Reduce -25.2%
URI United Rentals Inc. 0.01% 430 $411K Reduce -32.8%
IJT iShares S&P Small-Cap 600 GR 0.01% 2,882 $408K Reduce -28.1%
HWM Howmet Aerospace Inc. 0.01% 2,068 $406K Add +5.4%
PWR Quanta Services Inc. 0.01% 974 $404K No change
APD Air Products & Chemicals Inc. 0.01% 1,473 $402K No change
TEL Te Connectivity PLC 0.01% 1,816 $399K No change
VST Vistra Corp. 0.01% 2,018 $395K No change
SPG Simon Property Group Inc. 0.01% 2,089 $392K No change
EFV iShares MSCI Eafe Value ETF 0.01% 5,670 $385K Reduce -42.9%
MNST Monster Beverage Corp. 0.01% 5,664 $381K No change
FAST Fastenal Co. 0.01% 7,772 $381K No change
ROST Ross Stores Inc. 0.01% 2,477 $377K No change
ROP Roper Technologies Inc. 0.01% 756 $377K No change
MSI Motorola Solutions Inc. 0.01% 819 $375K No change
ALL Allstate Corp. 0.01% 1,736 $373K No change
EFG iShares MSCI Eafe Growth ETF 0.01% 3,255 $371K Reduce -37.7%
DHI D.R. Horton Inc. 0.01% 2,180 $369K Reduce -35.2%
AZO AutoZone Inc. 0.01% 85 $365K No change
PCAR Paccar Inc. 0.01% 3,700 $364K No change
GM General Motors Co. 0.01% 5,902 $360K No change
JFR Nuveen Floating Rate Income 0.01% 43,050 $352K No change
CMG Chipotle Mexican Grill Inc. 0.01% 8,938 $350K No change
COR Cencora Inc. 0.01% 1,110 $347K Reduce -5.6%
YUM Yum! Brands Inc. 0.01% 2,279 $346K No change
EQT Eqt Corp. 0.01% 6,363 $346K No change
CBRE CBRE Group Inc. Class A 0.01% 2,180 $343K No change
HLT Hilton Worldwide Holdings Inc. 0.01% 1,322 $343K No change
BDX Becton Dickinson and Co. 0.01% 1,829 $342K No change
SRE Sempra 0.01% 3,798 $342K No change
FCX Freeport-McMoran Inc. 0.01% 8,694 $341K No change
MCO Moody's Corp. 0.01% 714 $340K Reduce -32.5%
EA Electronic Arts Inc. 0.01% 1,686 $340K No change
KR Kroger Co. 0.01% 4,937 $333K Reduce -5.2%
EPD Enterprise Products Partners 0.01% 10,640 $333K No change
EBAY eBay Inc. 0.01% 3,619 $329K No change
AMP Ameriprise Financial Inc. 0.01% 670 $329K No change
COIN Coinbase Global Inc. Class A 0.01% 975 $329K New
MAR Marriott International Class A 0.01% 1,260 $328K No change
ROK Rockwell Automation Inc. 0.01% 917 $321K No change
FTNT Fortinet Inc. 0.01% 3,756 $316K No change
XEL Xcel Energy Inc. 0.01% 3,903 $315K Reduce -9.7%
UPS United Parcel Service Class B 0.01% 3,708 $310K No change
AIG American International Group 0.01% 3,841 $302K No change
PEG Public Service Enterprise GP 0.01% 3,510 $293K No change
REGN Regeneron Pharmaceuticals 0.01% 520 $292K No change
FDX FedEx Corp. 0.01% 1,216 $287K No change
APO Apollo Global Management Inc. 0.01% 2,138 $285K No change
SYY Sysco Corp. 0.01% 3,458 $285K No change
CARR Carrier Global Corp. 0.01% 4,662 $278K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.01% 291 $277K No change
HTD John Hancock Tax Adv DVD Inc. filed as HANCOCK JOHN TAX-ADVANTAGED 0.01% 11,150 $277K No change
VMC Vulcan Materials Co. 0.01% 893 $275K No change
STX Seagate Technology Holdings 0.01% 1,146 $271K New
PRU Prudential Financial Inc. 0.01% 2,603 $270K No change
NXPI NXP Semiconductors NV 0.01% 1,169 $266K No change
TGT Target Corp. 0.01% 2,890 $259K No change
ETR Entergy Corp. 0.01% 2,761 $257K No change
IDXX Idexx Laboratories Inc. 0.01% 398 $254K No change
WDAY Workday Inc. Class A 0.01% 1,055 $254K Add +21.7%
AME Ametek Inc. 0.01% 1,327 $249K No change
A Agilent Technologies Inc. 0.01% 1,936 $248K No change
MSCI MSCI Inc. 0.01% 437 $248K No change
EW Edwards Lifesciences Corp. 0.01% 3,142 $244K No change
WDC Western Digital Corp. 0.01% 2,030 $244K New
TFC Truist Financial Corp. 0.01% 5,312 $243K No change
AXON Axon Enterprise Inc. 0.01% 338 $243K No change
ABNB Airbnb Inc. Class A 0.01% 1,954 $237K No change
CAH Cardinal Health Inc. 0.01% 1,507 $237K No change
DELL Dell Technologies -C 0.01% 1,628 $231K New
NDAQ Nasdaq Inc. 0.01% 2,587 $229K No change
CTSH Cognizant Tech Solutions-A 0.01% 3,410 $229K No change
CTVA Corteva Inc. 0.01% 3,374 $228K No change
XEVVX Eaton Vance Ltd. Durat Inc. 0.01% 22,455 $228K No change
MPWR Monolithic Power Systems Inc. 0.01% 241 $222K New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 6,400 $220K No change
FITB Fifth Third Bancorp 0.01% 4,902 $218K No change
HPE Hewlett Packard Enterprise 0.01% 8,879 $218K New
BKR Baker Hughes Co. 0.01% 4,444 $217K New
NTRS Northern Trust Corp. 0.01% 1,605 $216K No change
WBD Warner Bros Discovery Inc. 0.01% 11,040 $216K New
MCHP Microchip Technology Inc. 0.01% 3,354 $215K No change
OXY Occidental Petroleum Corp. 0.01% 4,536 $214K New
F Ford Motor Co. filed as FORD MTR CO 0.01% 17,892 $214K No change
DLR Digital Realty Trust Inc. 0.01% 1,224 $212K No change
FIS Fidelity National Info Serv 0.01% 3,207 $211K No change
LEN Lennar Corp. Class A 0.01% 1,672 $211K New
NUE Nucor Corp. 0.01% 1,548 $210K Reduce -32.5%
HIG Hartford Insurance Group Inc. 0.01% 1,563 $208K New
DTE DTE Energy Company 0.01% 1,446 $205K New
HSY The Hershey Co. 0.01% 1,090 $204K Reduce -28.5%
HUM Humana Inc. 0.01% 782 $203K New
NTAP Netapp Inc. 0.01% 1,716 $203K Reduce -30.6%
EFX Equifax Inc. 0.01% 792 $203K No change
UAL United Airlines Holdings Inc. 0.01% 2,075 $200K New
VTRS Viatris Inc. 0.00% 10,143 $100K No change
Other holdings (29): bonds, preferreds, convertibles and warrants · $155.9M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 6,235$8.0MNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 6,065$7.5MNo change
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 6,550,000$7.5MNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 7,400,000$7.4MAdd +17.5%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 2,500,000$7.2MReduce -30.6%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 7,320,000$7.0MReduce -2.7%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 4,750,000$6.9MNo change
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 5,610,000$6.3MReduce -1.1%
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 6,235,000$6.3MReduce -3.1%
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 5,650,000$6.1MNo change
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 5,715,000$6.1MNo change
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 5,940,000$6.1MNo change
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 5,600,000$6.0MNo change
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 5,650,000$5.7MNo change
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 4,600,000$5.4MNo change
PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) NOTE 4.750% 6/1 · principal 4,855,000$5.2MNo change
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) NOTE 1.750% 8/1 · principal 5,250,000$4.9MNo change
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal 4,030,000$4.8MNew
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 3,690,000$4.7MNo change
JBT MAREL CORP (JBTM 0.25 05/15/26) NOTE 0.250% 5/1 · principal 4,675,000$4.7MNo change
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 4,875,000$4.5MNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 4,750,000$4.3MNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 4,200,000$4.3MNo change
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal 4,000,000$3.9MNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 4,170,000$3.8MNo change
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 3,600,000$3.8MNo change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 2,700,000$2.6MNew
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 1,500,000$2.5MReduce -50.0%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 2,730,000$2.5MNew

Total filed on the 13F, all lines: $3.0B.

Portfolio Sells Q2 2025 → Q3 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -34.0% 2.41% −1.09
SCHG Schwab US Large-Cap Growth Sold out 0.00% −0.74
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −0.62
EFA iShares MSCI Eafe ETF Reduce -60.3% 0.41% −0.61
SCHV Schwab US Large-Cap Value Sold out 0.00% −0.25
EOG EOG Resources Inc. Reduce -8.7% 1.09% −0.22
CMCSA Comcast Corp. Class A Reduce -1.4% 1.10% −0.21
TXN Texas Instruments Inc. Reduce -0.5% 1.18% −0.20
IWR iShares Russell Mid-Cap ETF Reduce -73.9% 0.07% −0.19
ADI Analog Devices Inc. Reduce -14.3% 1.16% −0.19
CSCO Cisco Systems Inc. Reduce -7.3% 1.23% −0.16
PNC PNC Financial Services Group Reduce -15.3% 1.17% −0.15
GILD Gilead Sciences Inc. Reduce -8.5% 1.13% −0.14
MS Morgan Stanley Reduce -17.7% 1.23% −0.14
UNH Unitedhealth Group Inc. Reduce -15.7% 1.21% −0.13
VOO Vanguard S&P 500 ETF Reduce -19.1% 0.68% −0.13
XOM Exxon Mobil Corp. Reduce -9.9% 1.26% −0.12
JPM JPMorgan Chase & Co. Reduce -12.6% 1.41% −0.12
CVX Chevron Corp. Reduce -12.9% 1.21% −0.11
QCOM Qualcomm Inc. Reduce -9.3% 1.24% −0.11
HPQ HP Inc. Reduce -15.9% 1.07% −0.11
PEP Pepsico Inc. Reduce -10.8% 1.17% −0.10
COP Conocophillips Reduce -9.4% 1.20% −0.10
ABT Abbott Laboratories Reduce -2.7% 1.19% −0.09
BMY Bristol-Myers Squibb Co. Reduce -2.0% 1.11% −0.09
ITW Illinois Tool Works Reduce -9.2% 1.16% −0.09
PFG Principal Financial Group Reduce -8.0% 1.19% −0.09
BLK BlackRock Inc. Reduce -13.2% 1.24% −0.09
VLO Valero Energy Corp. Reduce -23.7% 1.21% −0.08
HD Home Depot Inc. Reduce -12.4% 1.20% −0.08
GD General Dynamics Corp. Reduce -16.9% 1.23% −0.07
VZ Verizon Communications Inc. Reduce -4.2% 1.19% −0.07
BNY Bank of New York Mellon Corp. Reduce -18.0% 1.21% −0.06
BBY Best Buy Co. Inc. Reduce -12.9% 1.11% −0.06
AFL Aflac Inc. Reduce -6.8% 1.22% −0.05
META Meta Platforms Inc. Class A Reduce -5.9% 0.45% −0.05
CAT Caterpillar Inc. Reduce -18.8% 1.36% −0.05
IWM iShares Russell 2000 ETF Reduce -18.5% 0.35% −0.05
TRV The Travelers Cos Inc. Reduce -4.1% 1.19% −0.04
NKE Nike Inc. Class B Reduce -16.9% 0.14% −0.04
MCD McDonald's Corp. Reduce -3.8% 1.15% −0.03
OMC Omnicom Group Reduce -11.4% 1.21% −0.03
CRM Salesforce Inc. Reduce -0.8% 0.17% −0.03
DIS The Walt Disney Co. Reduce -6.3% 0.17% −0.03
GPC Genuine Parts Co. Reduce -12.2% 1.13% −0.03
SRLN SS Blackstone Sr Loan ETF Reduce -10.1% 0.93% −0.03
UNP Union Pacific Corp. Reduce -1.8% 1.28% −0.03
IVW iShares S&P 500 Growth ETF Reduce -13.4% 0.32% −0.03
COST Costco Wholesale Corp. Reduce -1.6% 0.21% −0.03
BKNG Booking Holdings Inc. Reduce -4.2% 0.16% −0.02

Portfolio Buys Q2 2025 → Q3 2025
LHX L3HARRIS Technologies Inc. Add +9716.3% 1.24% +1.23
IBM Intl Business Machines Corp. Add +2312.9% 1.23% +1.18
MRK Merck & Co. Inc. Add +1059.9% 1.18% +1.08
HON Honeywell International Inc. Add +3096.4% 1.10% +1.06
CI The Cigna Group Add +5375.3% 1.06% +1.03
MO Altria Group Inc. Add +4073.5% 0.85% +0.83
VOOG Vanguard S&P 500 Growth ETF Add +95.4% 0.46% +0.24
VOOV Vanguard S&P 500 Value ETF Add +90.0% 0.36% +0.17
APH Amphenol Corp. Class A Add +406.0% 0.19% +0.16
RSG Republic Services Inc. Add +1251.8% 0.16% +0.14
GE General Electric Add +202.7% 0.20% +0.14
AXP American Express Co. Add +187.6% 0.19% +0.12
VEA Vanguard Ftse Developed ETF Add +32.2% 0.32% +0.08
LMT Lockheed Martin Corp. Add +0.9% 1.25% +0.06
MGC Vngrd Mrngstr MG Cap ETF-Usd New 0.05% +0.05
VIG Vanguard Dividend Apprec ETF New 0.05% +0.05
AVGO Broadcom Inc. Add +0.3% 0.33% +0.05
PLTR Palantir Technologies Inc. Class A Add +1.1% 0.07% +0.02
SHEL Shell PLC-ADR New 0.02% +0.02
UL Unilever PLC New 0.02% +0.02
IVOG Vanguard S&P Mid-Cap 400 Gro Add +132.9% 0.03% +0.02
DASH DoorDash Inc. Class A New 0.02% +0.02
COIN Coinbase Global Inc. Class A New 0.01% +0.01
STX Seagate Technology Holdings New 0.01% +0.01
WDC Western Digital Corp. New 0.01% +0.01
DELL Dell Technologies -C New 0.01% +0.01
MPWR Monolithic Power Systems Inc. New 0.01% +0.01
BKR Baker Hughes Co. New 0.01% +0.01
HPE Hewlett Packard Enterprise New 0.01% +0.01
WBD Warner Bros Discovery Inc. New 0.01% +0.01
OXY Occidental Petroleum Corp. New 0.01% +0.01
LEN Lennar Corp. Class A New 0.01% +0.01
HIG Hartford Insurance Group Inc. New 0.01% +0.01
DTE DTE Energy Company New 0.01% +0.01
SCHW Schwab (charles) Corp. Add +2.7% 0.18% +0.01
HUM Humana Inc. New 0.01% +0.01
UAL United Airlines Holdings Inc. New 0.01% +0.01
GEV GE Vernova Inc. Add +2.1% 0.04% +0.00
CSX CSX Corp. Add +4.2% 0.02% +0.00
WDAY Workday Inc. Class A Add +21.7% 0.01% +0.00
HWM Howmet Aerospace Inc. Add +5.4% 0.01% +0.00
SNPS Synopsys Inc. Add +13.5% 0.02% +0.00
BA The Boeing Co. Add +1.9% 0.04% +0.00
COF Capital One Financial Corp. Add +2.4% 0.03% −0.00
VMRK Vivmark Residential Add +3.5% 0.02% −0.00
TDG Transdigm Group Inc. Add +3.6% 0.02% −0.00
WM Waste Management Inc. Add +2.8% 0.14% −0.01
MRSH Marsh & McLennan Cos Add +7.6% 0.14% −0.01
PGR Progressive Corp. Add +6.9% 0.16% −0.01
UTF Cohen & Steers Infrastructur Add +1.8% 0.11% −0.01

Notes & Other Activity Q2 2025 → Q3 2025
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Add +17.5% 7,400,000 $7.4M
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Reduce -30.6% 2,500,000 $7.2M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Reduce -2.7% 7,320,000 $7.0M
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal Reduce -1.1% 5,610,000 $6.3M
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal Reduce -3.1% 6,235,000 $6.3M
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal New 4,030,000 $4.8M
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) NOTE 7.500% 8/0 · principal Sold out 3,600,000 $3.6Mbefore exit
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal New 2,700,000 $2.6M
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal Reduce -50.0% 1,500,000 $2.5M
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal New 2,730,000 $2.5M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 305$3.2BSPY, IVV, SPHY, IJR, GLW
Q1 2026 288$2.9BSPY, IVV, IJR, XOM, COP
Q4 2025 317$2.8BSPY, IVV, IJR, JPM, MRK
Q3 2025 323$2.9BSPY, IVV, IJR, JPM, CAT
Q2 2025 314$2.8BSPY, IVV, IJR, JPM, CAT
Q1 2025 323$2.7BSPY, IVV, UNH, IJR, XOM
Q4 2024 317$2.7BSPY, IVV, IJR, JPM, ABBV
Q3 2024 327$2.9BSPY, IVV, IJR, AVGO, CAT
Q2 2024 328$2.7BSPY, IVV, AVGO, IJR, JPM
Q1 2024 331$2.9BSPY, IVV, LQD, IJR, JPM