D.A. Davidson & Co.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), D.A. Davidson & Co. reported 1,500 stock positions worth $16.3 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, 5.3%) and iShares Core Intl Stock ETF (IXUS, 4.1%). Compared with Q3 2025, it opened 78 new positions, sold out of 81, added to 786 and reduced 542. The biggest buy was PIMCO Multisector Bond Actv (PYLD, shares +177%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- GREAT FALLS, MT
- CIK
- 0001080107
- Portfolio Value
- $16.3B (Q4 2025)
- SEC Filing
- 0001080107-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 1,500 stocks · $16.3B
| VTV Vanguard Mrngstr Val ETF-Aui | 6.51% | 5,564,462 | $1.1B | Add +1.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 5.30% | 1,773,369 | $865.2M | Reduce -0.0% |
| IXUS iShares Core Intl Stock ETF | 4.07% | 7,848,801 | $664.3M | Add +3.0% |
| AGG iShares Core U.S. Aggregate | 2.96% | 4,831,227 | $482.5M | Add +5.1% |
| MSFT Microsoft Corp. | 2.50% | 844,062 | $408.2M | Add +1.1% |
| AAPL Apple Inc. | 2.49% | 1,496,845 | $406.9M | Reduce -1.1% |
| AVGO Broadcom Inc. | 1.55% | 731,244 | $253.1M | Reduce -3.0% |
| VEA Vanguard Ftse Developed ETF | 1.39% | 3,630,720 | $226.8M | Add +0.4% |
| IWN iShares Russell 2000 Value E | 1.38% | 1,246,342 | $225.8M | Add +2.5% |
| SPIB SS SPDR P Int C Corp. ETF | 1.26% | 6,069,488 | $205.2M | Add +4.7% |
| NVDA Nvidia Corp. | 1.24% | 1,084,503 | $202.3M | Add +0.6% |
| AMZN Amazon.com Inc. | 1.06% | 752,437 | $173.7M | Add +4.2% |
| IWO iShares Russell 2000 Growth | 1.05% | 532,522 | $172.0M | Add +2.1% |
| IWF iShares Russell 1000 Growth | 1.05% | 362,006 | $171.3M | Reduce -0.1% |
| RTX RTX Corp. | 1.04% | 925,047 | $169.7M | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 1.02% | 264,661 | $166.0M | Add +2.9% |
| COST Costco Wholesale Corp. | 1.00% | 188,392 | $162.5M | Reduce -1.2% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.95% | 3,541,612 | $154.6M | Add +4.9% |
| CMI Cummins Inc. | 0.95% | 302,705 | $154.5M | Reduce -3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.91% | 295,371 | $148.5M | Reduce -1.2% |
| JNJ Johnson & Johnson | 0.91% | 714,597 | $147.9M | Reduce -1.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.85% | 416,102 | $139.5M | Reduce -24.7% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.85% | 1,053,108 | $138.6M | Add +4.5% |
| GOOGL Alphabet Inc. Class A | 0.85% | 442,119 | $138.4M | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 0.81% | 411,795 | $132.7M | Reduce -0.2% |
| V Visa Inc. Class A | 0.75% | 351,231 | $123.2M | Add +0.1% |
| QUAL iShares MSCI USA Quality Fac | 0.73% | 599,698 | $119.1M | Add +2.6% |
| VYM Vanguard High DVD Yield ETF | 0.73% | 829,110 | $119.0M | Add +8.9% |
| IVV iShares Core S&P 500 ETF | 0.71% | 170,089 | $116.5M | Add +0.5% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.71% | 1,192,808 | $115.6M | Add +3.8% |
| CB Chubb Ltd. | 0.69% | 362,921 | $113.3M | Add +1.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.69% | 184,078 | $113.1M | Add +1.0% |
| GOOG Alphabet Inc. Class C | 0.65% | 336,318 | $105.5M | Reduce -0.6% |
| VWO Vanguard Ftse Emerging Marke | 0.62% | 1,880,613 | $101.1M | Add +4.3% |
| ADP Automatic Data Processing | 0.60% | 377,862 | $97.2M | Add +3.7% |
| PRF Invesco Rafi US 1000 ETF | 0.59% | 2,055,842 | $96.5M | Add +4.3% |
| DFAX Dimensional World Ex US Core | 0.56% | 2,814,774 | $92.1M | Add +0.6% |
| SPGI S&P Global Inc. | 0.56% | 176,282 | $92.1M | Add +1.0% |
| NEE Nextera Energy Inc. | 0.53% | 1,074,681 | $86.3M | Add +0.2% |
| AMGN Amgen Inc. | 0.50% | 248,154 | $81.2M | Add +2.1% |
| BSV Vanguard Short-Term Bond ETF | 0.48% | 998,970 | $78.7M | Add +4.5% |
| QCOM Qualcomm Inc. | 0.48% | 457,367 | $78.2M | Add +2.4% |
| PFE Pfizer Inc. | 0.47% | 3,094,953 | $77.1M | Reduce -1.4% |
| PLD Prologis Inc. | 0.47% | 595,512 | $76.0M | Add +1.4% |
| PEP Pepsico Inc. | 0.45% | 512,718 | $73.6M | Add +23.7% |
| ACN Accenture PLC Class A | 0.43% | 262,819 | $70.5M | Add +1.6% |
| LOW Lowe's Cos Inc. | 0.43% | 288,059 | $69.5M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.42% | 100,764 | $68.7M | Reduce -1.4% |
| FTHI Fthi/First Trust Exchange-TR | 0.41% | 2,804,828 | $66.3M | Add +6.9% |
| CVX Chevron Corp. | 0.39% | 415,736 | $63.4M | Reduce -1.1% |
| SGOV iShares 0-3 Month Treasury B | 0.38% | 618,514 | $62.1M | Add +13.1% |
| ABBV Abbvie Inc. | 0.38% | 271,116 | $61.9M | Add +8.0% |
| SCHD Schwab US DVD Equity ETF | 0.38% | 2,232,059 | $61.2M | Add +2.0% |
| RDVY First Trust Rising Dividend | 0.38% | 881,008 | $61.2M | Add +1.2% |
| MRK Merck & Co. Inc. | 0.37% | 576,959 | $60.7M | Add +4.5% |
| META Meta Platforms Inc. Class A | 0.37% | 91,868 | $60.6M | Add +8.8% |
| VXUS Vanguard Total Intl Stock | 0.36% | 772,753 | $58.3M | Reduce -0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 196,273 | $58.1M | Reduce -0.8% |
| GS Goldman Sachs Group Inc. | 0.34% | 62,717 | $55.1M | Add +3.0% |
| ECL Ecolab Inc. | 0.34% | 209,979 | $55.1M | Add +2.0% |
| LLY Eli Lilly & Co. | 0.33% | 49,918 | $53.6M | Add +3.6% |
| XOM Exxon Mobil Corp. | 0.31% | 426,741 | $51.4M | Reduce -2.6% |
| WMT Walmart Inc. | 0.31% | 449,185 | $50.0M | Add +0.8% |
| CAT Caterpillar Inc. | 0.29% | 82,322 | $47.2M | Reduce -2.0% |
| RLY SS Multi-Asset Real Ret ETF | 0.29% | 1,490,134 | $46.9M | Add +6.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.27% | 59 | $44.5M | Reduce -4.8% |
| BA The Boeing Co. | 0.27% | 203,261 | $44.1M | Add +4.3% |
| MCD McDonald's Corp. | 0.27% | 144,024 | $44.0M | Add +0.4% |
| TSLA Tesla Inc. | 0.26% | 94,335 | $42.4M | Reduce -2.4% |
| VIG Vanguard Dividend Apprec ETF | 0.26% | 190,165 | $41.8M | Add +1.7% |
| SCHW Schwab (charles) Corp. | 0.25% | 410,192 | $41.0M | Add +12.5% |
| COWZ Pacer US Cash Cows 100 ETF | 0.25% | 676,902 | $40.7M | Add +13.4% |
| DE Deere & Co. | 0.24% | 82,776 | $38.5M | Add +4.9% |
| CSCO Cisco Systems Inc. | 0.23% | 494,954 | $38.1M | Add +5.5% |
| CGGR Cap Group Growth Equity | 0.23% | 839,196 | $37.3M | Add +3.7% |
| TNGY Tortoise Energy ETF | 0.23% | 4,079,815 | $36.9M | Add +6.7% |
| GLD SPDR Gold Shares | 0.22% | 91,643 | $36.3M | Add +12.6% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 189,058 | $36.2M | Add +6.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.22% | 392,731 | $35.9M | Add +53.1% |
| UNP Union Pacific Corp. | 0.21% | 151,415 | $35.0M | Reduce -2.0% |
| ESGD iShares Trust iShares ESG Aw | 0.21% | 364,023 | $34.6M | Reduce -2.8% |
| VONG Vanguard Russell 1000 Growth | 0.21% | 281,588 | $34.3M | Add +6.8% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.21% | 81,813 | $33.8M | Add +2.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.21% | 130,665 | $33.7M | Add +12.5% |
| EUSA iShares MSCI USA Equal Weigh | 0.19% | 307,332 | $31.8M | Reduce -1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.19% | 107,776 | $31.3M | Add +16.4% |
| IWR iShares Russell Mid-Cap ETF | 0.19% | 323,817 | $31.2M | Add +1.6% |
| NVS Novartis AG-Sponsored ADR | 0.19% | 219,714 | $30.3M | Reduce -2.1% |
| SYK Stryker Corp. | 0.18% | 85,846 | $30.2M | Reduce -3.4% |
| HD Home Depot Inc. | 0.18% | 86,717 | $29.8M | Add +15.0% |
| ADSK Autodesk Inc. | 0.18% | 100,484 | $29.7M | Add +0.5% |
| IWM iShares Russell 2000 ETF | 0.18% | 119,715 | $29.5M | Reduce -1.0% |
| PG The Procter & Gamble Co. | 0.18% | 205,472 | $29.4M | Reduce -1.4% |
| DUK Duke Energy Corp. | 0.18% | 250,095 | $29.3M | Add +4.6% |
| GD General Dynamics Corp. | 0.18% | 86,688 | $29.2M | Add +0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 253,665 | $28.9M | Reduce -8.8% |
| SHOP Shopify Inc. Class A | 0.17% | 175,889 | $28.3M | Add +9.0% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.17% | 809,229 | $28.0M | Add +1.0% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.17% | 1,700,296 | $27.1M | Add +15.6% |
| JBND JPMorgan Active Bond ETF | 0.17% | 499,423 | $27.0M | Add +69.9% |
Options reported separately and not counted above: TSLA calls ($1.1M), PLTR puts ($74K), MSFT puts ($35K), TSLA puts ($7K), GOOG calls ($6K), AMZN calls ($4K), ORCL calls ($4K), CCJ calls ($4K), SPY puts ($3K), BROS calls ($3K), RGTI puts ($2K), NVDA calls ($44).
Other holdings (7): bonds, preferreds, convertibles and warrants · $7.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 106,792 | $2.4M | Reduce -0.1% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 69,129 | $1.7M | Reduce -4.1% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,055 | $1.3M | Add +2.8% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 23,777 | $1.1M | Add +11.2% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 611 | $765K | Reduce -17.0% |
| 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 |
Total filed on the 13F, all lines: $16.3B.
Portfolio Sells Q3 2025 → Q4 2025
| VTI VG Morningstar TS MKT ETF-US | Reduce -24.7% | 0.85% | −0.31 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.0% | 5.30% | −0.15 |
| COST Costco Wholesale Corp. | Reduce -1.2% | 1.00% | −0.13 |
| FISV Fiserv Inc. | Reduce -64.3% | 0.02% | −0.10 |
| BND Vanguard Total Bond Market | Reduce -36.4% | 0.15% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 0.91% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -20.5% | 0.17% | −0.05 |
| AVGO Broadcom Inc. | Reduce -3.0% | 1.55% | −0.04 |
| ARCC Ares Capital Corp. | Reduce -31.4% | 0.08% | −0.04 |
| PFE Pfizer Inc. | Reduce -1.4% | 0.47% | −0.04 |
| XLRE SS Real Estate Select Sector | Reduce -47.8% | 0.04% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -0.1% | 1.05% | −0.04 |
| MO Altria Group Inc. | Reduce -8.4% | 0.12% | −0.04 |
| BX Blackstone Inc. | Reduce -6.9% | 0.14% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -15.3% | 0.14% | −0.03 |
| CVX Chevron Corp. | Reduce -1.1% | 0.39% | −0.03 |
| VLO Valero Energy Corp. | Reduce -12.9% | 0.11% | −0.03 |
| TMUS T-Mobile US Inc. | Reduce -18.9% | 0.05% | −0.03 |
| FDL First Trust Morn DVD Lead Inc. | Reduce -18.5% | 0.11% | −0.03 |
| DIS The Walt Disney Co. | Reduce -8.8% | 0.18% | −0.03 |
| FXR First Trust Indst/Producers | Reduce -29.3% | 0.06% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -7.3% | 0.08% | −0.03 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -4.8% | 0.27% | −0.03 |
| FXO First Trust Financial Alphad | Reduce -24.2% | 0.07% | −0.03 |
| SYK Stryker Corp. | Reduce -3.4% | 0.18% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -1.4% | 0.18% | −0.02 |
| FIS Fidelity National Info Serv | Reduce -76.4% | 0.01% | −0.02 |
| EOG EOG Resources Inc. | Reduce -5.2% | 0.13% | −0.02 |
| ADBE Adobe Inc. | Reduce -8.1% | 0.16% | −0.02 |
| SYY Sysco Corp. | Reduce -10.3% | 0.08% | −0.02 |
| CPNG Coupang Inc. | Reduce -57.5% | 0.01% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 0.81% | −0.02 |
| MINT PIMCO Enhanced Short Maturit | Reduce -53.3% | 0.02% | −0.02 |
| FMC FMC Corp. | Sold out | 0.00% | −0.02 |
| UNP Union Pacific Corp. | Reduce -2.0% | 0.21% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -6.5% | 0.07% | −0.02 |
| PVAL Putnam Focused LRG Cap Value | Reduce -50.7% | 0.02% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -7.8% | 0.15% | −0.02 |
| LW Lamb Weston Holdings Inc. | Reduce -45.1% | 0.01% | −0.02 |
| CTAS Cintas Corp. | Reduce -75.0% | 0.00% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -12.8% | 0.08% | −0.02 |
| OBDC Blue Owl Capital Corp. | Reduce -43.4% | 0.02% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -17.3% | 0.03% | −0.02 |
| CXT Crane NXT Co. | Reduce -1.3% | 0.03% | −0.02 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -7.6% | 0.13% | −0.02 |
| TSLA Tesla Inc. | Reduce -2.4% | 0.26% | −0.02 |
| RSG Republic Services Inc. | Reduce -84.8% | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 0.42% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -3.2% | 0.11% | −0.01 |
| MDT Medtronic PLC | Reduce -7.7% | 0.12% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| PYLD PIMCO Multisector Bond Actv | Add +176.8% | 0.16% | +0.10 |
| LLY Eli Lilly & Co. | Add +3.6% | 0.33% | +0.09 |
| PEP Pepsico Inc. | Add +23.7% | 0.45% | +0.08 |
| MRK Merck & Co. Inc. | Add +4.5% | 0.37% | +0.08 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +53.1% | 0.22% | +0.07 |
| JBND JPMorgan Active Bond ETF | Add +69.9% | 0.17% | +0.06 |
| AMGN Amgen Inc. | Add +2.1% | 0.50% | +0.06 |
| TXUE Thornburg Interntin Eqty ETF | Add +346.8% | 0.07% | +0.06 |
| AMZN Amazon.com Inc. | Add +4.2% | 1.06% | +0.05 |
| CB Chubb Ltd. | Add +1.6% | 0.69% | +0.05 |
| MU Micron Technology Inc. | Add +6.7% | 0.11% | +0.05 |
| FEGE First Eagle GL Equity ETF | Add +79.9% | 0.10% | +0.04 |
| VYM Vanguard High DVD Yield ETF | Add +8.9% | 0.73% | +0.04 |
| IXUS iShares Core Intl Stock ETF | Add +3.0% | 4.07% | +0.04 |
| PGR Progressive Corp. | Add +142.0% | 0.08% | +0.04 |
| JPIE JPMorgan Income ETF | Add +43.5% | 0.14% | +0.04 |
| CGDV Cap Group Dividend Value | Add +4.9% | 0.95% | +0.04 |
| GLD SPDR Gold Shares | Add +12.6% | 0.22% | +0.04 |
| PLD Prologis Inc. | Add +1.4% | 0.47% | +0.04 |
| CGIC Cap Group Intl Core Eq | Add +104.3% | 0.07% | +0.04 |
| SRET Global X Superdividend REIT | New | 0.03% | +0.03 |
| GRID First TRST Nasd Class Edg Sgiif | Add +233.7% | 0.05% | +0.03 |
| SLV iShares Silver Trust | Add +37.9% | 0.06% | +0.03 |
| DFAI Dimensional International Co. | Add +26.7% | 0.14% | +0.03 |
| CRM Salesforce Inc. | Add +39.1% | 0.09% | +0.03 |
| NOW ServiceNow Inc. | Add +64.0% | 0.13% | +0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Add +13.4% | 0.25% | +0.03 |
| RKT Rocket Cos Inc. Class A | Add +57.7% | 0.09% | +0.03 |
| EVTR Eaton Vance Total Return | Add +60.3% | 0.08% | +0.03 |
| EVSD Eaton Vance SHRT Dur Inc. | Add +96.5% | 0.06% | +0.03 |
| CSCO Cisco Systems Inc. | Add +5.5% | 0.23% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +12.5% | 0.25% | +0.03 |
| SGOV iShares 0-3 Month Treasury B | Add +13.1% | 0.38% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +3.0% | 0.34% | +0.03 |
| ADI Analog Devices Inc. | Add +161.3% | 0.04% | +0.03 |
| UMH Umh Properties Inc. | Add +15.6% | 0.17% | +0.03 |
| TRGP Targa Resources Corp. | Add +499.6% | 0.03% | +0.02 |
| IEI iShares 3-7 Year Treasury Bo | Add +85.4% | 0.06% | +0.02 |
| ACN Accenture PLC Class A | Add +1.6% | 0.43% | +0.02 |
| FBND Fidelity Total Bond ETF | Add +39.4% | 0.10% | +0.02 |
| CSRE C&S Real Estate Active ETF | Add +71.6% | 0.06% | +0.02 |
| JCPB JPMorgan Core Plus Bond ETF | Add +28.6% | 0.12% | +0.02 |
| AMP Ameriprise Financial Inc. | Add +116.5% | 0.04% | +0.02 |
| SPGI S&P Global Inc. | Add +1.0% | 0.56% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +10.7% | 0.10% | +0.02 |
| PRF Invesco Rafi US 1000 ETF | Add +4.3% | 0.59% | +0.02 |
| SHOP Shopify Inc. Class A | Add +9.0% | 0.17% | +0.02 |
| FERG Ferguson Enterprises Inc. | Add +89.6% | 0.04% | +0.02 |
| ROK Rockwell Automation Inc. | Add +25.5% | 0.07% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +43.7% | 0.07% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| COF Capital One Financial Corp. | put | Sold out | 20 | $78Kbefore exit |
| ALLY Ally Financial Inc. | put | Sold out | 60 | $38Kbefore exit |
| MSFT Microsoft Corp. | put | New | 20 | $35K |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 15 | $20Kbefore exit |
| PCAR Paccar Inc. | put | Sold out | 16 | $15Kbefore exit |
| STX Seagate Technology Holdings | call | Sold out | 1 | $14Kbefore exit |
| AAPL Apple Inc. | put | Sold out | 20 | $14Kbefore exit |
| DHI D.R. Horton Inc. | put | Sold out | 6 | $12Kbefore exit |
| META Meta Platforms Inc. Class A | put | Sold out | 2 | $12Kbefore exit |
| SRAD Sportradar Group AG-A | call | Sold out | 10 | $12Kbefore exit |
| AMZN Amazon.com Inc. | call | New | 2 | $4K |
| ORCL Oracle Corp. | call | New | 3 | $4K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 1 | $3K |
| SLV iShares Silver Trust | call | Sold out | 2 | $3Kbefore exit |
| NXH Neighborhood Intelligence Inc. | call | Sold out | 5 | $3Kbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 1 | $2Kbefore exit |
| RGTI Rigetti Computing Inc. | put | New | 1 | $2K |
| NVO Novo-Nordisk A/S-Spons ADR | call | Sold out | 1 | $710before exit |
| PSKY Paramount Skydance Class B | call | Sold out | 1 | $450before exit |
| EIX Edison International | call | Sold out | 2 | $420before exit |
| FIG Figma Inc. Class A | call | Sold out | 1 | $378before exit |
| ABT Abbott Laboratories | call | Sold out | 2 | $6before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Reduce -0.1% | 106,792 | $2.4M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Reduce -4.1% | 69,129 | $1.7M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +2.8% | 1,055 | $1.3M |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Add +11.2% | 23,777 | $1.1M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -17.0% | 611 | $765K |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | Sold out | 12,216 | $232before 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 | 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 |