Conning Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Conning Inc. reported 317 stock positions worth $2.8 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 2.5% 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 Q3 2025, it opened 13 new positions, sold out of 19, added to 99 and reduced 169. The biggest buy was Amgen (AMGN, shares +2625%) and the biggest sale Kimberly-Clark (KMB, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- HARTFORD, CT
- CIK
- 0000801051
- Portfolio Value
- $2.8B (Q4 2025)
- SEC Filing
- 0000801051-26-000001 ↗ filed Feb 5, 2026
Holdings Value
Holdings 317 stocks · $2.8B
| SPY SS SPDR S&P 500 ETF Trust-US | 2.46% | 102,120 | $69.6M | Reduce -1.2% |
| IVV iShares Core S&P 500 ETF | 2.41% | 99,405 | $68.1M | Reduce -1.1% |
| IJR iShares Core S&P Small-Cap E | 1.61% | 379,566 | $45.6M | Reduce -3.7% |
| JPM JPMorgan Chase & Co. | 1.37% | 120,700 | $38.9M | Reduce -5.6% |
| MRK Merck & Co. Inc. | 1.31% | 352,977 | $37.2M | Reduce -12.0% |
| MBB iShares MBS ETF | 1.30% | 387,672 | $36.9M | No change |
| XOM Exxon Mobil Corp. | 1.29% | 303,273 | $36.5M | Reduce -4.8% |
| RTX RTX Corp. | 1.28% | 197,122 | $36.2M | Reduce -11.9% |
| ABBV Abbvie Inc. | 1.27% | 156,914 | $35.9M | Reduce -5.5% |
| BMY Bristol-Myers Squibb Co. | 1.26% | 662,748 | $35.7M | Reduce -5.6% |
| PG The Procter & Gamble Co. | 1.26% | 248,224 | $35.6M | Add +13.7% |
| CVX Chevron Corp. | 1.25% | 232,092 | $35.4M | Add +4.2% |
| KO The Coca-Cola Co. | 1.24% | 503,099 | $35.2M | Add +0.6% |
| VZ Verizon Communications Inc. | 1.23% | 852,623 | $34.7M | Add +10.1% |
| TRV The Travelers Cos Inc. | 1.22% | 119,326 | $34.6M | Reduce -1.5% |
| CSCO Cisco Systems Inc. | 1.22% | 446,614 | $34.4M | Reduce -12.6% |
| UNH Unitedhealth Group Inc. | 1.21% | 104,183 | $34.4M | Add +3.9% |
| ABT Abbott Laboratories | 1.21% | 274,468 | $34.4M | Add +8.4% |
| GILD Gilead Sciences Inc. | 1.21% | 279,414 | $34.3M | Reduce -4.1% |
| AFL Aflac Inc. | 1.21% | 309,718 | $34.2M | Reduce -0.5% |
| CME Cme Group Inc. | 1.20% | 124,360 | $34.0M | Reduce -1.7% |
| MS Morgan Stanley | 1.20% | 191,282 | $34.0M | Reduce -13.1% |
| LMT Lockheed Martin Corp. | 1.20% | 70,100 | $33.9M | Reduce -2.0% |
| CL Colgate-Palmolive Co. | 1.19% | 426,753 | $33.7M | Add +10.2% |
| CMI Cummins Inc. | 1.19% | 66,008 | $33.7M | Reduce -21.6% |
| PNC PNC Financial Services Group | 1.19% | 161,179 | $33.6M | Reduce -3.2% |
| MDLZ Mondelez International Inc. Class A | 1.19% | 623,200 | $33.5M | Add +17.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.18% | 288,891 | $33.5M | Reduce -8.9% |
| MCD McDonald's Corp. | 1.18% | 109,683 | $33.5M | Add +1.7% |
| BLK BlackRock Inc. | 1.18% | 31,197 | $33.4M | Add +2.5% |
| HD Home Depot Inc. | 1.18% | 97,001 | $33.4M | Add +14.9% |
| PEP Pepsico Inc. | 1.18% | 232,512 | $33.4M | Reduce -2.0% |
| UNP Union Pacific Corp. | 1.18% | 144,051 | $33.3M | Reduce -6.5% |
| AMGN Amgen Inc. | 1.18% | 101,689 | $33.3M | Add +2624.8% |
| GD General Dynamics Corp. | 1.17% | 98,343 | $33.1M | Reduce -4.0% |
| SBUX Starbucks Corp. | 1.17% | 392,988 | $33.1M | Add +0.7% |
| COP Conocophillips | 1.17% | 353,072 | $33.1M | Reduce -2.8% |
| ADI Analog Devices Inc. | 1.17% | 121,800 | $33.0M | Reduce -9.7% |
| CAT Caterpillar Inc. | 1.17% | 57,579 | $33.0M | Reduce -29.3% |
| OMC Omnicom Group | 1.16% | 408,356 | $33.0M | Reduce -3.6% |
| QCOM Qualcomm Inc. | 1.16% | 191,765 | $32.8M | Reduce -9.9% |
| ADP Automatic Data Processing | 1.16% | 127,421 | $32.8M | Add +13.2% |
| TXN Texas Instruments Inc. | 1.16% | 188,614 | $32.7M | Add +3.3% |
| HON Honeywell International Inc. | 1.15% | 166,746 | $32.5M | Add +11.6% |
| PFG Principal Financial Group | 1.15% | 368,763 | $32.5M | Reduce -10.0% |
| ITW Illinois Tool Works | 1.14% | 131,417 | $32.4M | Add +3.7% |
| LHX L3HARRIS Technologies Inc. | 1.14% | 110,241 | $32.4M | Reduce -4.5% |
| CI The Cigna Group | 1.14% | 117,583 | $32.4M | Add +12.6% |
| PKG Packaging Corp. of America | 1.14% | 156,769 | $32.3M | Add +3.6% |
| JNJ Johnson & Johnson | 1.13% | 154,793 | $32.0M | Reduce -13.4% |
| GLW Corning Inc. | 1.13% | 364,665 | $31.9M | Reduce -21.0% |
| VLO Valero Energy Corp. | 1.12% | 194,835 | $31.7M | Reduce -3.7% |
| EOG EOG Resources Inc. | 1.12% | 302,028 | $31.7M | Add +9.0% |
| KR Kroger Co. | 1.12% | 507,459 | $31.7M | Add +10178.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.12% | 106,852 | $31.7M | Reduce -14.4% |
| GPC Genuine Parts Co. | 1.07% | 246,390 | $30.3M | Add +5.7% |
| DGX Quest Diagnostics Inc. | 1.06% | 173,262 | $30.1M | New |
| BBY Best Buy Co. Inc. | 1.03% | 436,710 | $29.2M | Add +4.7% |
| HPQ HP Inc. | 1.02% | 1,299,416 | $29.0M | Add +15.7% |
| NVDA Nvidia Corp. | 1.02% | 154,976 | $28.9M | Reduce -9.8% |
| PM Philip Morris International | 0.97% | 170,476 | $27.3M | Add +9.0% |
| SRLN SS Blackstone Sr Loan ETF | 0.93% | 641,275 | $26.5M | No change |
| AAPL Apple Inc. | 0.92% | 95,599 | $26.0M | Reduce -11.7% |
| MO Altria Group Inc. | 0.84% | 411,983 | $23.8M | Add +12.5% |
| MSFT Microsoft Corp. | 0.84% | 48,983 | $23.7M | Reduce -6.9% |
| MDY State Street SPDR S&P Midcap | 0.82% | 38,596 | $23.3M | No change |
| IJH iShares Core S&P Midcap ETF | 0.77% | 330,740 | $21.8M | No change |
| VOO Vanguard S&P 500 ETF | 0.71% | 31,887 | $20.0M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.58% | 49,266 | $16.5M | No change |
| VOOG Vanguard S&P 500 Growth ETF | 0.50% | 32,065 | $14.3M | Add +6.8% |
| GOOGL Alphabet Inc. Class A | 0.47% | 42,848 | $13.4M | Reduce -13.1% |
| BAB Invesco Taxable Municipal Bo | 0.47% | 490,000 | $13.3M | No change |
| SPHY SS SPDR P High Yield ETF | 0.47% | 560,198 | $13.3M | New |
| AVGO Broadcom Inc. | 0.46% | 37,267 | $12.9M | Add +32.5% |
| PFF iShares Preferred & Income S | 0.43% | 390,500 | $12.1M | No change |
| EFA iShares MSCI Eafe ETF | 0.42% | 123,788 | $11.9M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 0.42% | 51,159 | $11.8M | Reduce -8.2% |
| META Meta Platforms Inc. Class A | 0.41% | 17,626 | $11.6M | Add +0.3% |
| IWF iShares Russell 1000 Growth | 0.40% | 24,087 | $11.4M | No change |
| VOOV Vanguard S&P 500 Value ETF | 0.39% | 54,399 | $11.1M | Add +6.9% |
| PFFD Global X US Preferred ETF | 0.39% | 580,200 | $11.0M | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.38% | 118,845 | $10.6M | No change |
| IWM iShares Russell 2000 ETF | 0.36% | 41,524 | $10.2M | No change |
| VEA Vanguard Ftse Developed ETF | 0.35% | 159,445 | $10.0M | Add +5.5% |
| IVW iShares S&P 500 Growth ETF | 0.35% | 80,100 | $9.9M | Add +7.1% |
| LLY Eli Lilly & Co. | 0.33% | 8,744 | $9.4M | Reduce -14.8% |
| IEMG iShares Core MSCI Emerging | 0.33% | 137,998 | $9.3M | No change |
| GOOG Alphabet Inc. Class C | 0.28% | 25,400 | $8.0M | Reduce -1.4% |
| V Visa Inc. Class A | 0.27% | 22,136 | $7.8M | Reduce -3.2% |
| HEDJ Wisdomtree Europe Hedged Equ | 0.27% | 144,030 | $7.6M | No change |
| MA Mastercard Inc. Class A | 0.25% | 12,406 | $7.1M | Add +1.4% |
| WMT Walmart Inc. | 0.25% | 62,519 | $7.0M | Reduce -1.5% |
| IWS iShares Russell Mid-Cap Valu | 0.24% | 48,042 | $6.8M | Add +2.2% |
| IWP iShares Russell Mid-Cap Grow | 0.24% | 49,023 | $6.7M | Add +1.2% |
| TSLA Tesla Inc. | 0.24% | 14,870 | $6.7M | Reduce -10.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.21% | 75,158 | $6.1M | No change |
| COST Costco Wholesale Corp. | 0.21% | 6,828 | $5.9M | Add +6.5% |
| LRCX Lam Research Corp. | 0.21% | 34,023 | $5.8M | Reduce -26.5% |
| TMO Thermo Fisher Scientific Inc. | 0.20% | 9,970 | $5.8M | Reduce -8.8% |
| GE General Electric filed as GE AEROSPACE | 0.20% | 18,699 | $5.8M | Reduce -1.7% |
Other holdings (28): bonds, preferreds, convertibles and warrants · $155.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 6,235 | $7.8M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 7,400,000 | $7.7M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,065 | $7.4M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 7,320,000 | $7.3M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 6,235,000 | $7.0M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 2,000,000 | $6.7M | Reduce -20.0% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 6,550,000 | $6.7M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 4,750,000 | $6.2M | No change |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 6,875,000 | $6.1M | Add +41.0% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 5,600,000 | $6.1M | No change |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 5,610,000 | $6.0M | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 5,715,000 | $5.9M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,650,000 | $5.8M | No change |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 5,940,000 | $5.8M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 4,600,000 | $5.7M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 5,650,000 | $5.6M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 5,200,000 | $5.4M | Add +23.8% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 4,030,000 | $5.4M | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 3,690,000 | $5.3M | No change |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 4,855,000 | $5.2M | No change |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 5,250,000 | $5.0M | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 4,675,000 | $4.7M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 4,750,000 | $4.3M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 4,170,000 | $3.9M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 4,000,000 | $3.9M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 3,600,000 | $3.7M | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 2,700,000 | $2.6M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 2,730,000 | $2.5M | No change |
Total filed on the 13F, all lines: $3.0B.
Portfolio Sells Q3 2025 → Q4 2025
| KMB Kimberly-Clark Corp. | Reduce -95.9% | 0.04% | −1.06 |
| PAYX Paychex Inc. | Reduce -96.3% | 0.04% | −1.05 |
| CMCSA Comcast Corp. Class A | Reduce -94.6% | 0.06% | −1.04 |
| GLW Corning Inc. | Reduce -21.0% | 1.13% | −0.20 |
| CAT Caterpillar Inc. | Reduce -29.3% | 1.17% | −0.20 |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | Sold out | 0.00% | −0.12 |
| MSFT Microsoft Corp. | Reduce -6.9% | 0.84% | −0.12 |
| IBM Intl Business Machines Corp. | Reduce -14.4% | 1.12% | −0.12 |
| NVDA Nvidia Corp. | Reduce -9.8% | 1.02% | −0.10 |
| UNP Union Pacific Corp. | Reduce -6.5% | 1.18% | −0.10 |
| LHX L3HARRIS Technologies Inc. | Reduce -4.5% | 1.14% | −0.09 |
| VLO Valero Energy Corp. | Reduce -3.7% | 1.12% | −0.09 |
| QCOM Qualcomm Inc. | Reduce -9.9% | 1.16% | −0.08 |
| ABBV Abbvie Inc. | Reduce -5.5% | 1.27% | −0.08 |
| CMI Cummins Inc. | Reduce -21.6% | 1.19% | −0.06 |
| GD General Dynamics Corp. | Reduce -4.0% | 1.17% | −0.06 |
| LMT Lockheed Martin Corp. | Reduce -2.0% | 1.20% | −0.05 |
| AAPL Apple Inc. | Reduce -11.7% | 0.92% | −0.05 |
| OMC Omnicom Group | Reduce -3.6% | 1.16% | −0.05 |
| PFG Principal Financial Group | Reduce -10.0% | 1.15% | −0.04 |
| ORCL Oracle Corp. | Reduce -15.6% | 0.06% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -5.6% | 1.37% | −0.04 |
| COP Conocophillips | Reduce -2.8% | 1.17% | −0.04 |
| RTX RTX Corp. | Reduce -11.9% | 1.28% | −0.04 |
| NFLX Netflix Inc. | Reduce -13.6% | 0.08% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.7% | 1.61% | −0.03 |
| JNJ Johnson & Johnson | Reduce -13.4% | 1.13% | −0.03 |
| MS Morgan Stanley | Reduce -13.1% | 1.20% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.7% | 0.17% | −0.03 |
| BNY Bank of New York Mellon Corp. | Reduce -8.9% | 1.18% | −0.03 |
| TSLA Tesla Inc. | Reduce -10.8% | 0.24% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -29.5% | 0.19% | −0.02 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.02 |
| AFL Aflac Inc. | Reduce -0.5% | 1.21% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -8.2% | 0.42% | −0.01 |
| LRCX Lam Research Corp. | Reduce -26.5% | 0.21% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -12.6% | 1.22% | −0.01 |
| KLAC KLA Corp. | Reduce -16.7% | 0.19% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -25.9% | 0.03% | −0.01 |
| LIN Linde PLC | Reduce -13.3% | 0.04% | −0.01 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.01 |
| VMC Vulcan Materials Co. | Sold out | 0.00% | −0.01 |
| ORLY O'reilly Automotive Inc. | Reduce -28.1% | 0.01% | −0.01 |
| TGT Target Corp. | Sold out | 0.00% | −0.01 |
| NOW ServiceNow Inc. | Reduce -8.3% | 0.03% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -22.6% | 0.05% | −0.01 |
| TT Trane Technologies PLC | Reduce -28.0% | 0.02% | −0.01 |
| ADBE Adobe Inc. | Reduce -21.9% | 0.03% | −0.01 |
| ANET Arista Networks Inc. | Reduce -14.9% | 0.03% | −0.01 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| AMGN Amgen Inc. | Add +2624.8% | 1.18% | +1.14 |
| KR Kroger Co. | Add +10178.7% | 1.12% | +1.11 |
| DGX Quest Diagnostics Inc. | New | 1.06% | +1.06 |
| SPHY SS SPDR P High Yield ETF | New | 0.47% | +0.47 |
| AVGO Broadcom Inc. | Add +32.5% | 0.46% | +0.13 |
| CL Colgate-Palmolive Co. | Add +10.2% | 1.19% | +0.11 |
| CI The Cigna Group | Add +12.6% | 1.14% | +0.09 |
| PG The Procter & Gamble Co. | Add +13.7% | 1.26% | +0.08 |
| KO The Coca-Cola Co. | Add +0.6% | 1.24% | +0.08 |
| PM Philip Morris International | Add +9.0% | 0.97% | +0.08 |
| HON Honeywell International Inc. | Add +11.6% | 1.15% | +0.05 |
| VOOG Vanguard S&P 500 Growth ETF | Add +6.8% | 0.50% | +0.05 |
| VOOV Vanguard S&P 500 Value ETF | Add +6.9% | 0.39% | +0.04 |
| CVX Chevron Corp. | Add +4.2% | 1.25% | +0.04 |
| MCD McDonald's Corp. | Add +1.7% | 1.18% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +5.5% | 0.35% | +0.03 |
| VZ Verizon Communications Inc. | Add +10.1% | 1.23% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +7.1% | 0.35% | +0.03 |
| EOG EOG Resources Inc. | Add +9.0% | 1.12% | +0.03 |
| ABT Abbott Laboratories | Add +8.4% | 1.21% | +0.03 |
| APP AppLovin Corp. Class A | New | 0.02% | +0.02 |
| MDLZ Mondelez International Inc. Class A | Add +17.4% | 1.19% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +6.8% | 0.20% | +0.02 |
| CRM Salesforce Inc. | Add +0.4% | 0.19% | +0.02 |
| WM Waste Management Inc. | Add +12.1% | 0.16% | +0.02 |
| ICE Intercontinental Exchange Inc. | Add +13.0% | 0.18% | +0.02 |
| RSG Republic Services Inc. | Add +17.3% | 0.17% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +13.1% | 0.14% | +0.01 |
| BKNG Booking Holdings Inc. | Add +8.2% | 0.17% | +0.01 |
| ECL Ecolab Inc. | Add +11.6% | 0.17% | +0.01 |
| MRSH Marsh & McLennan Cos | Add +17.0% | 0.16% | +0.01 |
| DIS The Walt Disney Co. | Add +7.3% | 0.18% | +0.01 |
| HOOD Robinhood Markets Inc. Class A | New | 0.01% | +0.01 |
| SBUX Starbucks Corp. | Add +0.7% | 1.17% | +0.01 |
| IWS iShares Russell Mid-Cap Valu | Add +2.2% | 0.24% | +0.01 |
| DAL Delta Air Lines Inc. | New | 0.01% | +0.01 |
| O Realty Income Corp. | New | 0.01% | +0.01 |
| EXC Exelon Corp. | New | 0.01% | +0.01 |
| TTWO Take-Two Interactive Softwre | New | 0.01% | +0.01 |
| MLM Martin Marietta Materials | New | 0.01% | +0.01 |
| IQV Iqvia Holdings Inc. | New | 0.01% | +0.01 |
| KEYS Keysight Technologies Inc. | New | 0.01% | +0.01 |
| ED Consolidated Edison Inc. | New | 0.01% | +0.01 |
| NKE Nike Inc. Class B | Add +13.9% | 0.14% | +0.01 |
| MA Mastercard Inc. Class A | Add +1.4% | 0.25% | +0.01 |
| INTC Intel Corp. | Add +7.8% | 0.03% | +0.01 |
| NEM Newmont Corp. | Add +9.2% | 0.02% | +0.00 |
| PGR Progressive Corp. | Add +10.8% | 0.16% | +0.00 |
| REGN Regeneron Pharmaceuticals | Add +2.1% | 0.01% | +0.00 |
| WBD Warner Bros Discovery Inc. | Add +4.4% | 0.01% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -20.0% | 2,000,000 | $6.7M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 5,610,000 | $6.3Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +41.0% | 6,875,000 | $6.1M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 5,610,000 | $6.0M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +23.8% | 5,200,000 | $5.4M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 1,500,000 | $2.5Mbefore exit |
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 | 305 | $3.2B | SPY, IVV, SPHY, IJR, GLW |
| Q1 2026 | 288 | $2.9B | SPY, IVV, IJR, XOM, COP |
| Q4 2025 | 317 | $2.8B | SPY, IVV, IJR, JPM, MRK |
| Q3 2025 | 323 | $2.9B | SPY, IVV, IJR, JPM, CAT |
| Q2 2025 | 314 | $2.8B | SPY, IVV, IJR, JPM, CAT |
| Q1 2025 | 323 | $2.7B | SPY, IVV, UNH, IJR, XOM |
| Q4 2024 | 317 | $2.7B | SPY, IVV, IJR, JPM, ABBV |
| Q3 2024 | 327 | $2.9B | SPY, IVV, IJR, AVGO, CAT |
| Q2 2024 | 328 | $2.7B | SPY, IVV, AVGO, IJR, JPM |
| Q1 2024 | 331 | $2.9B | SPY, IVV, LQD, IJR, JPM |