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

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 Q3 2025 Q4 2025: $2.8B $2.8B Q4 2025 Q1 2026: $2.9B Q1 2026 Q2 2026: $3.2B Q2 2026

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%
SCHW Schwab (charles) Corp. 0.20% 56,862 $5.7M Add +6.8%
AMAT Applied Materials Inc. 0.19% 21,403 $5.5M Reduce -29.5%
AXP American Express Co. 0.19% 14,791 $5.5M Reduce -9.3%
INTU Intuit Inc. 0.19% 8,204 $5.4M Add +2.6%
APH Amphenol Corp. Class A 0.19% 40,198 $5.4M Reduce -8.6%
IGIB iShares 5-10Y Inv Grade Corp. 0.19% 100,754 $5.4M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 35,294 $5.4M Reduce -5.2%
KLAC KLA Corp. 0.19% 4,387 $5.3M Reduce -16.7%
CRM Salesforce Inc. 0.19% 19,977 $5.3M Add +0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.18% 44,286 $5.0M Add +7.3%
ICE Intercontinental Exchange Inc. 0.18% 30,985 $5.0M Add +13.0%
NWE Northwestern Energy Group Inc. 0.18% 77,076 $5.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.17% 9,825 $4.9M Reduce -13.7%
ECL Ecolab Inc. 0.17% 18,788 $4.9M Add +11.6%
BKNG Booking Holdings Inc. 0.17% 914 $4.9M Add +8.2%
RSG Republic Services Inc. 0.17% 22,729 $4.8M Add +17.3%
DHR Danaher Corp. 0.17% 20,459 $4.7M Reduce -8.8%
PGR Progressive Corp. 0.16% 20,116 $4.6M Add +10.8%
WM Waste Management Inc. 0.16% 20,407 $4.5M Add +12.1%
MRSH Marsh & McLennan Cos 0.16% 23,938 $4.4M Add +17.0%
NKE Nike Inc. Class B 0.14% 63,526 $4.0M Add +13.9%
VNQ Vanguard Real Estate ETF 0.14% 45,628 $4.0M Add +13.1%
EEM iShares MSCI Emerging Market 0.13% 66,780 $3.7M Reduce -4.8%
MET Metlife Inc. 0.12% 42,074 $3.3M Reduce -2.2%
UTF Cohen & Steers Infrastructur 0.11% 127,390 $3.1M Add +1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.11% 10,535 $3.1M 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 $2.8M No change
EVRG Evergy Inc. 0.09% 34,073 $2.5M Add +0.2%
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% 23,387 $2.2M Reduce -10.2%
NFLX Netflix Inc. 0.08% 22,706 $2.1M Reduce -13.6%
PLTR Palantir Technologies Inc. Class A 0.07% 11,784 $2.1M Add +0.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.07% 35,670 $2.0M Reduce -6.2%
D Dominion Energy Inc. 0.07% 33,217 $1.9M Add +0.5%
AMD Advanced Micro Devices 0.07% 8,657 $1.9M Reduce -12.2%
IWR iShares Russell Mid-Cap ETF 0.06% 18,612 $1.8M Reduce -9.6%
MU Micron Technology Inc. 0.06% 6,076 $1.7M Reduce -13.7%
ORCL Oracle Corp. 0.06% 8,823 $1.7M Reduce -15.6%
PFE Pfizer Inc. 0.06% 69,018 $1.7M Add +0.2%
VMBS Vanguard Mortgage-Backed Sec 0.06% 36,000 $1.7M No change
CMCSA Comcast Corp. Class A 0.06% 54,337 $1.6M Reduce -94.6%
C Citigroup Inc. 0.06% 13,570 $1.6M Reduce -5.5%
GS Goldman Sachs Group Inc. 0.05% 1,652 $1.5M Reduce -22.6%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.05% 5,427 $1.4M No change
WEC WEC Energy Group Inc. 0.05% 12,623 $1.3M Add +0.2%
VIG Vanguard Dividend Apprec ETF 0.05% 6,050 $1.3M No change
IVE iShares S&P 500 Value ETF 0.05% 6,227 $1.3M No change
T AT&T Inc. 0.04% 47,772 $1.2M Add +8.3%
MDT Medtronic PLC 0.04% 12,329 $1.2M Add +0.6%
ISRG Intuitive Surgical Inc. 0.04% 1,929 $1.1M Reduce -16.2%
LIN Linde PLC 0.04% 2,452 $1.0M Reduce -13.3%
KMB Kimberly-Clark Corp. 0.04% 10,336 $1.0M Reduce -95.9%
PAYX Paychex Inc. 0.04% 9,092 $1.0M Reduce -96.3%
GEV GE Vernova Inc. 0.03% 1,446 $945K Reduce -16.3%
UBER Uber Technologies Inc. 0.03% 11,064 $904K Reduce -0.7%
ACN Accenture PLC Class A 0.03% 3,342 $897K Reduce -14.1%
NEE Nextera Energy Inc. 0.03% 11,114 $892K Reduce -18.4%
ADM Archer-Daniels-Midland Co. 0.03% 15,275 $878K Reduce -8.4%
BA The Boeing Co. 0.03% 4,035 $876K Reduce -13.3%
VCLT Vanguard Long-Term Corp. Bond 0.03% 11,380 $863K No change
INTC Intel Corp. 0.03% 23,367 $862K Add +7.8%
SPGI S&P Global Inc. 0.03% 1,637 $855K Add +2.8%
NOW ServiceNow Inc. 0.03% 5,496 $842K Reduce -8.3%
COF Capital One Financial Corp. 0.03% 3,381 $819K Reduce -13.3%
IVOG Vanguard S&P Mid-Cap 400 Gro 0.03% 6,787 $816K Add +6.9%
OKE Oneok Inc. 0.03% 11,008 $809K Reduce -5.5%
ADBE Adobe Inc. 0.03% 2,306 $807K Reduce -21.9%
PSA Public Storage 0.03% 3,006 $780K Add +6.2%
BSX Boston Scientific Corp. 0.03% 7,906 $754K Reduce -13.4%
WMB Williams Cos Inc. 0.03% 12,516 $752K Reduce -4.9%
LOW Lowe's Cos Inc. 0.03% 3,071 $741K Reduce -25.9%
ANET Arista Networks Inc. 0.03% 5,601 $734K Reduce -14.9%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.02% 11,179 $705K Add +9.7%
APP AppLovin Corp. Class A 0.02% 1,030 $694K New
ETN Eaton Corp. PLC 0.02% 2,124 $677K Reduce -0.8%
SYK Stryker Corp. 0.02% 1,865 $655K Reduce -17.4%
WELL Welltower Inc. 0.02% 3,467 $644K Add +4.1%
PANW Palo Alto Networks Inc. 0.02% 3,453 $636K Add +14.7%
VRTX Vertex Pharmaceuticals Inc. 0.02% 1,400 $635K Reduce -9.3%
PLD Prologis Inc. 0.02% 4,933 $630K Reduce -2.7%
DE Deere & Co. 0.02% 1,343 $625K Reduce -15.0%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 1,317 $617K Add +3.6%
CB Chubb Ltd. 0.02% 1,954 $610K Reduce -29.7%
CNQ Canadian Natural Resources 0.02% 18,004 $609K Add +16.1%
PH Parker Hannifin Corp. 0.02% 682 $599K Reduce -8.7%
CEG Constellation Energy 0.02% 1,677 $592K Reduce -16.9%
SHEL Shell PLC-ADR 0.02% 8,032 $590K Add +13.3%
NEM Newmont Corp. 0.02% 5,748 $574K Add +9.2%
UL Unilever PLC-Sponsored ADR 0.02% 8,743 $572K Add +19.4%
BX Blackstone Inc. 0.02% 3,679 $567K Add +7.7%
MCK McKesson Corp. 0.02% 680 $558K Reduce -11.8%
CVS CVS Health Corp. 0.02% 6,791 $539K Reduce -14.3%
SO The Southern Co. 0.02% 6,062 $529K Reduce -13.1%
KMI Kinder Morgan Inc. 0.02% 19,113 $525K Add +2.3%
ET Energy Transfer LP 0.02% 31,667 $522K No change
TMUS T-Mobile US Inc. 0.02% 2,555 $519K Add +6.0%
CDNS Cadence Design SYS Inc. 0.02% 1,498 $468K Reduce -11.4%
TT Trane Technologies PLC 0.02% 1,200 $467K Reduce -28.0%
SNPS Synopsys Inc. 0.02% 992 $466K Add +12.6%
DUK Duke Energy Corp. 0.02% 3,839 $450K Add +0.8%
AMT American Tower Corp. 0.02% 2,551 $448K Reduce -17.8%
HWM Howmet Aerospace Inc. 0.02% 2,165 $444K Add +4.7%
MMM 3M Co. 0.02% 2,769 $443K Reduce -17.1%
USB US Bancorp 0.02% 8,295 $443K Reduce -12.4%
HCA HCA Healthcare Inc. 0.02% 932 $435K Reduce -20.3%
MCO Moody's Corp. 0.02% 847 $433K Add +18.6%
IJS iShares S&P Small-Cap 600 Va 0.02% 3,771 $429K No change
JCI Johnson Controls Internation 0.02% 3,570 $428K Reduce -15.9%
GM General Motors Co. 0.01% 5,212 $424K Reduce -11.7%
ORLY O'reilly Automotive Inc. 0.01% 4,630 $422K Reduce -28.1%
KKR KKR & Co. Inc. 0.01% 3,302 $421K Reduce -6.0%
AON Aon PLC Class A 0.01% 1,181 $417K Reduce -26.0%
ELV Elevance Health Inc. 0.01% 1,184 $415K Reduce -10.8%
REGN Regeneron Pharmaceuticals 0.01% 531 $410K Add +2.1%
EMR Emerson Electric Co. 0.01% 3,084 $409K Reduce -25.3%
TDG Transdigm Group Inc. 0.01% 307 $408K Reduce -10.2%
IJT iShares S&P Small-Cap 600 GR 0.01% 2,882 $407K No change
EFV iShares MSCI Eafe Value ETF 0.01% 5,670 $405K No change
NOC Northrop Grumman Corp. 0.01% 709 $404K Reduce -29.9%
CMS CMS Energy Corp. 0.01% 5,752 $402K Reduce -2.9%
EQIX Equinix Inc. 0.01% 525 $402K Reduce -2.8%
FCX Freeport-McMoran Inc. 0.01% 7,547 $383K Reduce -13.2%
MAR Marriott International Class A 0.01% 1,231 $382K Reduce -2.3%
DASH DoorDash Inc. Class A 0.01% 1,684 $381K Add +4.7%
SHW The Sherwin-Williams Co. 0.01% 1,177 $381K Reduce -8.1%
RCL Royal Caribbean Cruises Ltd. 0.01% 1,342 $374K Reduce -7.8%
EFG iShares MSCI Eafe Growth ETF 0.01% 3,255 $371K No change
UPS United Parcel Service Class B 0.01% 3,737 $371K Add +0.8%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 1,428 $370K Add +0.1%
CSX CSX Corp. 0.01% 10,045 $364K Reduce -31.3%
PSX Phillips 66 0.01% 2,779 $359K Reduce -23.6%
HLT Hilton Worldwide Holdings Inc. 0.01% 1,247 $358K Reduce -5.7%
EQT Eqt Corp. 0.01% 6,659 $357K Add +4.7%
CTAS Cintas Corp. 0.01% 1,873 $352K Reduce -18.7%
NSC Norfolk Southern Corp. 0.01% 1,206 $348K Reduce -30.2%
FDX FedEx Corp. 0.01% 1,204 $348K Reduce -1.0%
PWR Quanta Services Inc. 0.01% 820 $346K Reduce -15.8%
AEP American Electric Power 0.01% 2,976 $343K Reduce -20.8%
EPD Enterprise Products Partners 0.01% 10,640 $341K No change
MSI Motorola Solutions Inc. 0.01% 884 $339K Add +7.9%
JFR Nuveen Floating Rate Income 0.01% 43,050 $337K No change
HOOD Robinhood Markets Inc. Class A 0.01% 2,951 $334K New
ADSK Autodesk Inc. 0.01% 1,127 $334K Reduce -14.2%
WBD Warner Bros Discovery Inc. 0.01% 11,530 $332K Add +4.4%
COR Cencora Inc. 0.01% 977 $330K Reduce -12.0%
PCAR Paccar Inc. 0.01% 2,991 $328K Reduce -19.2%
TEL Te Connectivity PLC 0.01% 1,416 $322K Reduce -22.0%
MNST Monster Beverage Corp. 0.01% 4,201 $322K Reduce -25.8%
ROST Ross Stores Inc. 0.01% 1,788 $322K Reduce -27.8%
SPG Simon Property Group Inc. 0.01% 1,733 $321K Reduce -17.0%
AZO AutoZone Inc. 0.01% 94 $319K Add +10.6%
SRE Sempra 0.01% 3,610 $319K Reduce -5.0%
APO Apollo Global Management Inc. 0.01% 2,192 $317K Add +2.5%
WDC Western Digital Corp. 0.01% 1,839 $317K Reduce -9.4%
PYPL PayPal Holdings Inc. 0.01% 5,310 $310K Reduce -22.6%
STX Seagate Technology Holdings 0.01% 1,125 $310K Reduce -1.8%
TFC Truist Financial Corp. 0.01% 6,278 $309K Add +18.2%
APD Air Products & Chemicals Inc. 0.01% 1,217 $301K Reduce -17.4%
ALL Allstate Corp. 0.01% 1,416 $295K Reduce -18.4%
URI United Rentals Inc. 0.01% 361 $292K Reduce -16.1%
BDX Becton Dickinson and Co. 0.01% 1,505 $292K Reduce -17.7%
ABNB Airbnb Inc. Class A 0.01% 2,151 $292K Add +10.1%
ZTS Zoetis Inc. 0.01% 2,310 $291K Reduce -19.5%
CAH Cardinal Health Inc. 0.01% 1,370 $282K Reduce -9.1%
FTNT Fortinet Inc. 0.01% 3,534 $281K Reduce -5.9%
IDXX Idexx Laboratories Inc. 0.01% 413 $279K Add +3.8%
MPC Marathon Petroleum Corp. 0.01% 1,708 $278K Reduce -33.3%
SLB SLB Ltd. filed as SLB LIMITED 0.01% 7,130 $274K Add +11.4%
EW Edwards Lifesciences Corp. 0.01% 3,190 $272K Add +1.5%
NXPI NXP Semiconductors NV 0.01% 1,251 $272K Add +7.0%
VST Vistra Corp. 0.01% 1,678 $271K Reduce -16.9%
F Ford Motor Co. filed as FORD MTR CO 0.01% 20,353 $267K Add +13.8%
CBRE CBRE Group Inc. Class A 0.01% 1,653 $266K Reduce -24.2%
HTD John Hancock Tax Adv DVD Inc. filed as HANCOCK JOHN TAX-ADVANTAGED 0.01% 11,150 $264K No change
EA Electronic Arts Inc. 0.01% 1,280 $262K Reduce -24.1%
AME Ametek Inc. 0.01% 1,262 $259K Reduce -4.9%
AIG American International Group 0.01% 3,012 $258K Reduce -21.6%
AMP Ameriprise Financial Inc. 0.01% 525 $257K Reduce -21.6%
ROP Roper Technologies Inc. 0.01% 578 $257K Reduce -23.5%
FAST Fastenal Co. 0.01% 6,407 $257K Reduce -17.6%
ROK Rockwell Automation Inc. 0.01% 658 $256K Reduce -28.2%
CMG Chipotle Mexican Grill Inc. 0.01% 6,858 $254K Reduce -23.3%
DLR Digital Realty Trust Inc. 0.01% 1,640 $254K Add +34.0%
CTVA Corteva Inc. 0.01% 3,668 $246K Add +8.7%
YUM Yum! Brands Inc. 0.01% 1,603 $243K Reduce -29.7%
COIN Coinbase Global Inc. Class A 0.01% 1,064 $241K Add +9.1%
NDAQ Nasdaq Inc. 0.01% 2,469 $240K Reduce -4.6%
GWW WW Grainger Inc. 0.01% 237 $239K Reduce -18.6%
MSCI MSCI Inc. 0.01% 416 $239K Reduce -4.8%
XEL Xcel Energy Inc. 0.01% 3,220 $238K Reduce -17.5%
BKR Baker Hughes Co. 0.01% 5,215 $237K Add +17.4%
O Realty Income Corp. 0.01% 4,178 $236K New
DAL Delta Air Lines Inc. 0.01% 3,392 $235K New
DHI D.R. Horton Inc. 0.01% 1,626 $234K Reduce -25.4%
CARR Carrier Global Corp. 0.01% 4,377 $231K Reduce -6.1%
EXC Exelon Corp. 0.01% 5,264 $229K New
AXON Axon Enterprise Inc. 0.01% 396 $225K Add +17.2%
ETR Entergy Corp. 0.01% 2,433 $225K Reduce -11.9%
TTWO Take-Two Interactive Softwre 0.01% 873 $224K New
EBAY eBay Inc. 0.01% 2,558 $223K Reduce -29.3%
XEVVX Eaton Vance Ltd. Durat Inc. 0.01% 22,455 $223K No change
PEG Public Service Enterprise GP 0.01% 2,771 $223K Reduce -21.1%
CTSH Cognizant Tech Solutions-A 0.01% 2,679 $222K Reduce -21.4%
MPWR Monolithic Power Systems Inc. 0.01% 243 $220K Add +0.8%
PRU Prudential Financial Inc. 0.01% 1,921 $217K Reduce -26.2%
WDAY Workday Inc. Class A 0.01% 1,006 $216K Reduce -4.6%
HIG Hartford Insurance Group Inc. 0.01% 1,562 $215K Reduce -0.1%
A Agilent Technologies Inc. 0.01% 1,548 $211K Reduce -20.0%
MLM Martin Marietta Materials 0.01% 331 $206K New
IQV Iqvia Holdings Inc. 0.01% 906 $204K New
KEYS Keysight Technologies Inc. 0.01% 999 $203K New
DELL Dell Technologies -C 0.01% 1,600 $201K Reduce -1.7%
ED Consolidated Edison Inc. 0.01% 2,023 $201K New
VTRS Viatris Inc. 0.00% 11,182 $139K Add +10.2%
AMCR Amcor PLC 0.00% 11,517 $96K New
Other holdings (28): bonds, preferreds, convertibles and warrants · $155.7M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 6,235$7.8MNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 7,400,000$7.7MNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 6,065$7.4MNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 7,320,000$7.3MNo change
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 6,235,000$7.0MNo change
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 2,000,000$6.7MReduce -20.0%
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 6,550,000$6.7MNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 4,750,000$6.2MNo change
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 6,875,000$6.1MAdd +41.0%
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 5,600,000$6.1MNo change
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal 5,610,000$6.0MNew
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 5,715,000$5.9MNo change
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 5,650,000$5.8MNo change
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 5,940,000$5.8MNo change
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 4,600,000$5.7MNo change
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 5,650,000$5.6MNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 5,200,000$5.4MAdd +23.8%
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) NOTE 3.125% 9/1 · principal 4,030,000$5.4MNo change
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 3,690,000$5.3MNo 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$5.0MNo change
JBT MAREL CORP (JBTM 0.25 05/15/26) NOTE 0.250% 5/1 · principal 4,675,000$4.7MNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 4,750,000$4.3MNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 4,170,000$3.9MNo change
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal 4,000,000$3.9MNo change
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 3,600,000$3.7MNo change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 2,700,000$2.6MNo change
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 2,730,000$2.5MNo 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

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