D.A. Davidson & Co.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), D.A. Davidson & Co. reported 1,501 stock positions worth $15.6 billion. Its top holding was Vanguard Mrngstr Val ETF-Aui (VTV) at 6.5% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 5.4%) and iShares Core Intl Stock ETF (IXUS, 4.0%). Compared with Q2 2025, it opened 140 new positions, sold out of 61, added to 769 and reduced 488. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Novartis AG-Sponsored ADR (NVS, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- GREAT FALLS, MT
- CIK
- 0001080107
- Portfolio Value
- $15.6B (Q3 2025)
- SEC Filing
- 0001080107-25-000014 ↗ filed Oct 22, 2025
Holdings Value
Holdings 1,501 stocks · $15.6B
| VTV Vanguard Mrngstr Val ETF-Aui | 6.52% | 5,458,462 | $1.0B | Add +2.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 5.45% | 1,773,973 | $850.8M | Add +0.9% |
| IXUS iShares Core Intl Stock ETF | 4.03% | 7,620,987 | $629.3M | Add +3.8% |
| AGG iShares Core U.S. Aggregate | 2.95% | 4,598,418 | $461.0M | Add +4.1% |
| MSFT Microsoft Corp. | 2.77% | 834,601 | $432.3M | Add +2.0% |
| AAPL Apple Inc. | 2.47% | 1,513,425 | $385.4M | Add +1.5% |
| AVGO Broadcom Inc. | 1.59% | 753,954 | $248.7M | Reduce -11.4% |
| VEA Vanguard Ftse Developed ETF | 1.39% | 3,617,422 | $216.8M | Add +0.3% |
| IWN iShares Russell 2000 Value E | 1.38% | 1,216,060 | $215.0M | Add +2.7% |
| NVDA Nvidia Corp. | 1.29% | 1,078,142 | $201.2M | Add +2.1% |
| SPIB SS SPDR P Int C Corp. ETF | 1.26% | 5,798,792 | $196.5M | Add +3.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.16% | 552,843 | $181.4M | Add +0.0% |
| COST Costco Wholesale Corp. | 1.13% | 190,692 | $176.5M | Add +2.7% |
| IWF iShares Russell 1000 Growth | 1.09% | 362,459 | $169.8M | Reduce -0.1% |
| IWO iShares Russell 2000 Growth | 1.07% | 521,555 | $166.9M | Add +1.8% |
| AMZN Amazon.com Inc. | 1.02% | 722,238 | $158.6M | Add +3.0% |
| VOO Vanguard S&P 500 ETF | 1.01% | 257,148 | $157.5M | Add +6.8% |
| RTX RTX Corp. | 1.01% | 938,501 | $157.0M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 298,973 | $150.3M | Add +3.6% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.91% | 3,377,036 | $141.9M | Add +2.4% |
| JNJ Johnson & Johnson | 0.86% | 723,906 | $134.2M | Add +1.4% |
| CMI Cummins Inc. | 0.85% | 313,258 | $132.3M | Reduce -4.7% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.84% | 1,008,272 | $130.8M | Add +5.6% |
| JPM JPMorgan Chase & Co. | 0.83% | 412,803 | $130.2M | Add +0.3% |
| V Visa Inc. Class A | 0.77% | 350,906 | $119.8M | Add +0.1% |
| QUAL iShares MSCI USA Quality Fac | 0.73% | 584,713 | $113.7M | Add +5.8% |
| IVV iShares Core S&P 500 ETF | 0.72% | 169,174 | $113.2M | Reduce -0.1% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.71% | 1,149,366 | $110.2M | Add +4.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.70% | 182,192 | $109.4M | Add +3.5% |
| GOOGL Alphabet Inc. Class A | 0.70% | 447,666 | $108.8M | Reduce -0.0% |
| VYM Vanguard High DVD Yield ETF | 0.69% | 761,156 | $107.3M | Add +9.7% |
| ADP Automatic Data Processing | 0.68% | 364,234 | $106.9M | Add +4.0% |
| CB Chubb Ltd. | 0.65% | 357,044 | $100.8M | Add +6.3% |
| VWO Vanguard Ftse Emerging Marke | 0.63% | 1,802,200 | $97.6M | Add +7.5% |
| PRF Invesco Rafi US 1000 ETF | 0.57% | 1,971,830 | $89.1M | Add +7.6% |
| DFAX Dimensional World Ex US Core | 0.56% | 2,797,757 | $87.8M | Add +1.1% |
| SPGI S&P Global Inc. | 0.54% | 174,517 | $84.9M | Add +4.3% |
| GOOG Alphabet Inc. Class C | 0.53% | 338,256 | $82.4M | Add +3.8% |
| NEE Nextera Energy Inc. | 0.52% | 1,072,321 | $80.9M | Add +6.2% |
| PFE Pfizer Inc. | 0.51% | 3,138,676 | $80.0M | Add +2.3% |
| BSV Vanguard Short-Term Bond ETF | 0.48% | 955,584 | $75.4M | Add +4.6% |
| QCOM Qualcomm Inc. | 0.48% | 446,670 | $74.3M | Add +3.2% |
| LOW Lowe's Cos Inc. | 0.46% | 285,034 | $71.6M | Add +8.0% |
| AMGN Amgen Inc. | 0.44% | 243,054 | $68.6M | Add +2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.44% | 102,208 | $68.1M | Reduce -1.9% |
| PLD Prologis Inc. | 0.43% | 587,157 | $67.2M | Add +16.7% |
| CVX Chevron Corp. | 0.42% | 420,216 | $65.3M | Add +4.2% |
| ACN Accenture PLC Class A | 0.41% | 258,599 | $63.8M | Add +17.4% |
| FTHI Fthi/First Trust Exchange-TR | 0.40% | 2,623,867 | $62.2M | Add +5.5% |
| META Meta Platforms Inc. Class A | 0.40% | 84,411 | $62.0M | Add +1.9% |
| SCHD Schwab US DVD Equity ETF | 0.38% | 2,187,550 | $59.7M | Add +3.5% |
| RDVY First Trust Rising Dividend | 0.37% | 870,517 | $58.6M | Add +1.9% |
| PEP Pepsico Inc. | 0.37% | 414,588 | $58.2M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.37% | 250,947 | $58.1M | Reduce -0.2% |
| VXUS Vanguard Total Intl Stock | 0.36% | 775,547 | $57.0M | Add +1.9% |
| ECL Ecolab Inc. | 0.36% | 205,951 | $56.4M | Add +2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 197,849 | $55.8M | Add +0.1% |
| SGOV iShares 0-3 Month Treasury B | 0.35% | 546,955 | $55.1M | Add +7.6% |
| XOM Exxon Mobil Corp. | 0.32% | 438,220 | $49.4M | Add +0.1% |
| GS Goldman Sachs Group Inc. | 0.31% | 60,869 | $48.5M | Add +3.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.30% | 62 | $46.8M | Reduce -3.1% |
| MRK Merck & Co. Inc. | 0.30% | 552,383 | $46.4M | Add +1.2% |
| WMT Walmart Inc. | 0.29% | 445,638 | $45.9M | Add +2.5% |
| MCD McDonald's Corp. | 0.28% | 143,492 | $43.6M | Add +2.7% |
| RLY SS Multi-Asset Real Ret ETF | 0.28% | 1,397,691 | $43.2M | Add +10.9% |
| TSLA Tesla Inc. | 0.28% | 96,676 | $43.0M | Add +3.3% |
| BA The Boeing Co. | 0.27% | 194,862 | $42.1M | Add +0.3% |
| VIG Vanguard Dividend Apprec ETF | 0.26% | 186,990 | $40.4M | Add +2.3% |
| CAT Caterpillar Inc. | 0.26% | 83,978 | $40.1M | Add +1.6% |
| BND Vanguard Total Bond Market | 0.24% | 502,981 | $37.4M | Add +1.4% |
| LLY Eli Lilly & Co. | 0.24% | 48,188 | $36.8M | Add +4.5% |
| UNP Union Pacific Corp. | 0.23% | 154,528 | $36.5M | Add +3.5% |
| DE Deere & Co. | 0.23% | 78,929 | $36.1M | Add +4.6% |
| CGGR Cap Group Growth Equity | 0.23% | 809,012 | $35.5M | Add +8.3% |
| ESGD iShares Trust iShares ESG Aw | 0.22% | 374,627 | $34.8M | Reduce -1.2% |
| SCHW Schwab (charles) Corp. | 0.22% | 364,760 | $34.8M | Reduce -2.3% |
| TNGY Tortoise Energy ETF | 0.22% | 3,823,284 | $34.7M | Add +4.9% |
| COWZ Pacer US Cash Cows 100 ETF | 0.22% | 596,633 | $34.3M | Add +1.5% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 177,696 | $33.7M | Reduce -1.2% |
| ORCL Oracle Corp. | 0.21% | 118,608 | $33.4M | Reduce -7.8% |
| EFA iShares MSCI Eafe ETF | 0.21% | 353,068 | $33.0M | Reduce -2.5% |
| SYK Stryker Corp. | 0.21% | 88,842 | $32.8M | Add +2.7% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.21% | 79,813 | $32.1M | Add +0.8% |
| CSCO Cisco Systems Inc. | 0.21% | 469,079 | $32.1M | Reduce -2.9% |
| PG The Procter & Gamble Co. | 0.20% | 208,315 | $32.0M | Reduce -0.6% |
| EUSA iShares MSCI USA Equal Weigh | 0.20% | 310,584 | $32.0M | Reduce -1.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 278,210 | $31.9M | Reduce -9.2% |
| VONG Vanguard Russell 1000 Growth | 0.20% | 263,575 | $31.8M | Add +18.8% |
| ADSK Autodesk Inc. | 0.20% | 99,961 | $31.8M | Add +0.4% |
| IWR iShares Russell Mid-Cap ETF | 0.20% | 318,885 | $30.8M | Add +2.0% |
| HD Home Depot Inc. | 0.20% | 75,391 | $30.5M | Reduce -0.5% |
| DUK Duke Energy Corp. | 0.19% | 239,045 | $29.6M | Add +1.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 116,128 | $29.5M | Add +5.8% |
| GD General Dynamics Corp. | 0.19% | 86,296 | $29.4M | Reduce -0.6% |
| IWM iShares Russell 2000 ETF | 0.19% | 120,898 | $29.3M | Reduce -19.3% |
| GLD SPDR Gold Shares | 0.19% | 81,414 | $28.9M | Add +33.3% |
| NVS Novartis AG-Sponsored ADR | 0.18% | 224,547 | $28.8M | Reduce -32.1% |
| ADBE Adobe Inc. | 0.18% | 81,632 | $28.8M | Add +42.6% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.18% | 801,180 | $27.4M | Add +0.8% |
| BX Blackstone Inc. | 0.18% | 160,135 | $27.4M | Reduce -0.3% |
Options reported separately and not counted above: TSLA calls ($1.1M), COF puts ($78K), PLTR puts ($77K), ALLY puts ($38K), TSLA puts ($21K), QQQ puts ($20K), PCAR puts ($15K), STX calls ($14K), AAPL puts ($14K), DHI puts ($12K), META puts ($12K), SRAD calls ($12K), and 12 more.
Other holdings (8): bonds, preferreds, convertibles and warrants · $7.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 106,907 | $2.7M | Reduce -6.6% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 72,099 | $1.8M | Reduce -4.8% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,026 | $1.3M | Add +4.1% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 21,382 | $1.0M | Add +4.2% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 736 | $942K | No change |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 50,000 | $50K | No change |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 25,000 | $25K | No change |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | 12,216 | $232 | Reduce -1.3% |
Total filed on the 13F, all lines: $15.6B.
Portfolio Sells Q2 2025 → Q3 2025
| NVS Novartis AG-Sponsored ADR | Reduce -32.1% | 0.18% | −0.10 |
| FISV Fiserv Inc. | Reduce -9.3% | 0.12% | −0.07 |
| DIS The Walt Disney Co. | Reduce -9.2% | 0.20% | −0.06 |
| AVGO Broadcom Inc. | Reduce -11.4% | 1.59% | −0.06 |
| NOBL Proshares S&P 500 Dividend A | Reduce -48.3% | 0.05% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -24.9% | 0.09% | −0.05 |
| IJH iShares Core S&P Midcap ETF | Reduce -19.0% | 0.17% | −0.05 |
| UPS United Parcel Service Class B | Reduce -21.6% | 0.07% | −0.05 |
| OKE Oneok Inc. | Reduce -38.0% | 0.05% | −0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -14.7% | 0.15% | −0.04 |
| EOG EOG Resources Inc. | Reduce -7.7% | 0.16% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -19.3% | 0.19% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -16.5% | 0.17% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -22.7% | 0.08% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -8.4% | 0.13% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -2.9% | 0.21% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.20% | −0.03 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -3.1% | 0.30% | −0.03 |
| AIG American International Group | Reduce -9.0% | 0.09% | −0.03 |
| KO The Coca-Cola Co. | Reduce -3.3% | 0.13% | −0.03 |
| SBUX Starbucks Corp. | Reduce -4.1% | 0.11% | −0.03 |
| CRM Salesforce Inc. | Reduce -7.9% | 0.06% | −0.02 |
| CNC Centene Corp. | Sold out | 0.00% | −0.02 |
| CMG Chipotle Mexican Grill Inc. | Reduce -18.5% | 0.02% | −0.02 |
| NEM Newmont Corp. | Reduce -63.0% | 0.02% | −0.02 |
| PM Philip Morris International | Reduce -1.0% | 0.09% | −0.02 |
| IEF iShares 7-10 Year Treasury B | Reduce -86.1% | 0.00% | −0.02 |
| FCX Freeport-McMoran Inc. | Reduce -13.4% | 0.05% | −0.02 |
| STZ Constellation Brands Inc. Class A | Reduce -9.3% | 0.04% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.9% | 0.44% | −0.02 |
| T AT&T Inc. | Reduce -8.8% | 0.07% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -2.5% | 0.21% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -2.3% | 0.22% | −0.02 |
| NUKZ Range Nuclear Renaissance | Sold out | 0.00% | −0.02 |
| FIS Fidelity National Info Serv | Reduce -10.0% | 0.03% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -0.1% | 0.72% | −0.02 |
| CARR Carrier Global Corp. | Reduce -3.1% | 0.04% | −0.02 |
| MDT Medtronic PLC | Reduce -9.9% | 0.13% | −0.02 |
| ESGD iShares Trust iShares ESG Aw | Reduce -1.2% | 0.22% | −0.02 |
| TGT Target Corp. | Reduce -1.2% | 0.07% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -0.2% | 0.06% | −0.01 |
| CHTR Charter Communications Inc. Class A | Reduce -31.6% | 0.01% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.2% | 0.22% | −0.01 |
| EMR Emerson Electric Co. | Reduce -0.8% | 0.11% | −0.01 |
| EUSA iShares MSCI USA Equal Weigh | Reduce -1.0% | 0.20% | −0.01 |
| AXON Axon Enterprise Inc. | Reduce -8.3% | 0.04% | −0.01 |
| SPOT Spotify Technology SA | Reduce -1.9% | 0.06% | −0.01 |
| KLG WK Kellogg Co. | Sold out | 0.00% | −0.01 |
| PEP Pepsico Inc. | Reduce -0.1% | 0.37% | −0.01 |
| FWD AB Disruptors ETF | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +1.5% | 2.47% | +0.31 |
| GOOG Alphabet Inc. Class C | Add +3.8% | 0.53% | +0.12 |
| NVDA Nvidia Corp. | Add +2.1% | 1.29% | +0.11 |
| JNJ Johnson & Johnson | Add +1.4% | 0.86% | +0.09 |
| CCB Coastal Financial Corp. | New | 0.09% | +0.09 |
| JPIE JPMorgan Income ETF | Add +236.0% | 0.11% | +0.07 |
| TSLA Tesla Inc. | Add +3.3% | 0.28% | +0.07 |
| IWN iShares Russell 2000 Value E | Add +2.7% | 1.38% | +0.06 |
| PLD Prologis Inc. | Add +16.7% | 0.43% | +0.06 |
| FDVV Fidelity High Dividend ETF | Add +127.7% | 0.10% | +0.06 |
| RKT Rocket Cos Inc. Class A | Add +2075.0% | 0.06% | +0.06 |
| GLD SPDR Gold Shares | Add +33.3% | 0.19% | +0.05 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +54.1% | 0.15% | +0.05 |
| EVTR Eaton Vance Total Return | Add +1585.3% | 0.05% | +0.05 |
| LOW Lowe's Cos Inc. | Add +8.0% | 0.46% | +0.05 |
| PYLD PIMCO Multisector Bond Actv | Add +298.4% | 0.06% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +6.8% | 1.01% | +0.04 |
| FENI Fidelity Enhanced Intl ETF | New | 0.04% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +33.3% | 0.17% | +0.04 |
| FBND Fidelity Total Bond ETF | Add +165.1% | 0.07% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +7.5% | 0.63% | +0.04 |
| CSRE C&S Real Estate Active ETF | New | 0.04% | +0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +33.7% | 0.17% | +0.04 |
| IWO iShares Russell 2000 Growth | Add +1.8% | 1.07% | +0.04 |
| VYM Vanguard High DVD Yield ETF | Add +9.7% | 0.69% | +0.04 |
| FEGE First Eagle GL Equity ETF | Add +178.6% | 0.05% | +0.03 |
| RDNT Radnet Inc. | New | 0.03% | +0.03 |
| VONG Vanguard Russell 1000 Growth | Add +18.8% | 0.20% | +0.03 |
| DFAI Dimensional International Co. | Add +45.7% | 0.11% | +0.03 |
| SAMT Strategas Macro Them Opps | Add +235.3% | 0.04% | +0.03 |
| CAT Caterpillar Inc. | Add +1.6% | 0.26% | +0.03 |
| EVSD Eaton Vance SHRT Dur Inc. | Add +1701.9% | 0.03% | +0.03 |
| IXUS iShares Core Intl Stock ETF | Add +3.8% | 4.03% | +0.03 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +113.8% | 0.05% | +0.03 |
| ADBE Adobe Inc. | Add +42.6% | 0.18% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +14.0% | 0.12% | +0.03 |
| GDX Vaneck Gold Miners ETF | Add +66.5% | 0.05% | +0.03 |
| GRNY Fundstr Gran SH US LRG Cap | Add +169.2% | 0.04% | +0.03 |
| CGCB Cap Group Core Bond | Add +34.8% | 0.13% | +0.03 |
| JCPB JPMorgan Core Plus Bond ETF | Add +45.2% | 0.10% | +0.03 |
| PRF Invesco Rafi US 1000 ETF | Add +7.6% | 0.57% | +0.03 |
| NEE Nextera Energy Inc. | Add +6.2% | 0.52% | +0.02 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | New | 0.02% | +0.02 |
| SHOP Shopify Inc. Class A | Add +0.1% | 0.15% | +0.02 |
| PVAL Putnam Focused LRG Cap Value | Add +146.2% | 0.04% | +0.02 |
| ICLR Icon PLC | New | 0.02% | +0.02 |
| QGRO American Century US Quality | New | 0.02% | +0.02 |
| GEV GE Vernova Inc. | Add +58.3% | 0.05% | +0.02 |
| RLY SS Multi-Asset Real Ret ETF | Add +10.9% | 0.28% | +0.02 |
| VGT Vanguard Info Tech ETF | Add +30.5% | 0.07% | +0.02 |
Options Activity Q2 2025 → Q3 2025
| TSLA Tesla Inc. | call | Reduce -30.8% | 45 | $1.1M |
| COF Capital One Financial Corp. | put | New | 20 | $78K |
| PLTR Palantir Technologies Inc. Class A | put | New | 70 | $77K |
| ALLY Ally Financial Inc. | put | New | 60 | $38K |
| TSLA Tesla Inc. | put | Add +125.0% | 9 | $21K |
| QQQ Invesco QQQ Trust Series 1 | put | New | 15 | $20K |
| PCAR Paccar Inc. | put | New | 16 | $15K |
| STX Seagate Technology Holdings | call | New | 1 | $14K |
| AAPL Apple Inc. | put | New | 20 | $14K |
| DHI D.R. Horton Inc. | put | New | 6 | $12K |
| META Meta Platforms Inc. Class A | put | New | 2 | $12K |
| SRAD Sportradar Group AG-A | call | New | 10 | $12K |
| COST Costco Wholesale Corp. | put | Sold out | 10 | $8Kbefore exit |
| GOOG Alphabet Inc. Class C | call | New | 1 | $7K |
| NXH Neighborhood Intelligence Inc. | call | New | 5 | $3K |
| NVDA Nvidia Corp. | call | New | 4 | $2K |
| ARGX Argenx SE - ADR | call | Sold out | 1 | $2Kbefore exit |
| WSM Williams-Sonoma Inc. | put | Sold out | 3 | $2Kbefore exit |
| RSP Invesco S&P 500 Equal Weight | call | Sold out | 1 | $1Kbefore exit |
| IONQ Ionq Inc. | call | Sold out | 1 | $1Kbefore exit |
| HL Hecla Mining Co. | call | Sold out | 5 | $940before exit |
| NAGE Niagen Bioscience Inc. | call | Sold out | 1 | $820before exit |
| PSKY Paramount Skydance Class B | call | New | 1 | $450 |
| EIX Edison International | call | New | 2 | $420 |
| FIG Figma Inc. Class A | call | New | 1 | $378 |
| ABT Abbott Laboratories | call | New | 2 | $6 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Reduce -6.6% | 106,907 | $2.7M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Reduce -4.8% | 72,099 | $1.8M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +4.1% | 1,026 | $1.3M |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Add +4.2% | 21,382 | $1.0M |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | Sold out | 52,000 | $52Kbefore exit |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | Reduce -1.3% | 12,216 | $232 |
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 | 1,571 | $18.1B | VTV, VUG, IXUS, AGG, AAPL |
| Q1 2026 | 1,544 | $16.5B | VTV, VUG, IXUS, AGG, AAPL |
| Q4 2025 | 1,500 | $16.3B | VTV, VUG, IXUS, AGG, MSFT |
| Q3 2025 | 1,501 | $15.6B | VTV, VUG, IXUS, AGG, MSFT |
| Q2 2025 | 1,422 | $14.2B | VTV, VUG, IXUS, AGG, MSFT |
| Q1 2025 | 1,385 | $12.4B | VTV, VUG, IXUS, AGG, AAPL |
| Q4 2024 | 1,398 | $12.3B | VTV, VUG, IXUS, AGG, AAPL |
| Q3 2024 | 1,359 | $12.1B | VTV, VUG, IXUS, AGG, AAPL |
| Q2 2024 | 1,345 | $11.3B | VTV, VUG, IXUS, AGG, MSFT |
| Q1 2024 | 1,344 | $11.1B | VTV, VUG, IXUS, AGG, MSFT |