D. E. Shaw & Co.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), David E. Shaw's D. E. Shaw & Co. reported 2,872 stock positions worth $123.2 billion. Its top holding was Nvidia (NVDA) at 3.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.0%) and Microsoft (MSFT, 2.7%). Compared with Q3 2025, it opened 415 new positions, sold out of 361, added to 1,247 and reduced 1,068. The biggest buy was Advanced Micro Devices (AMD, shares +1917%) and the biggest sale Broadcom (AVGO, shares −49%).
- Most Recent 13F
- Q2 2026
- Notable People
- David E. Shaw
- Location
- New York, NY
- CIK
- 0001009207
- Portfolio Value
- $123.2B (Q4 2025)
- SEC Filing
- 0001104659-26-016332 ↗ filed Feb 17, 2026
Holdings Value
Holdings 2,872 stocks · $123.2B
| NVDA Nvidia Corp. | 3.53% | 23,301,743 | $4.3B | Reduce -8.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.01% | 5,446,550 | $3.7B | Add +63.7% |
| MSFT Microsoft Corp. | 2.70% | 6,867,720 | $3.3B | Reduce -7.5% |
| PLTR Palantir Technologies Inc. Class A | 1.41% | 9,789,265 | $1.7B | Add +5.7% |
| AMD Advanced Micro Devices | 1.24% | 7,130,868 | $1.5B | Add +1916.6% |
| AAPL Apple Inc. | 1.20% | 5,441,516 | $1.5B | Reduce -6.4% |
| AMZN Amazon.com Inc. | 1.14% | 6,066,870 | $1.4B | Add +87.0% |
| TXN Texas Instruments Inc. | 1.06% | 7,495,876 | $1.3B | Add +93.2% |
| GOOGL Alphabet Inc. Class A | 0.99% | 3,886,871 | $1.2B | Add +22.1% |
| BKNG Booking Holdings Inc. | 0.95% | 219,378 | $1.2B | Add +66.5% |
| NFLX Netflix Inc. | 0.88% | 11,590,393 | $1.1B | Add +48.1% |
| BSX Boston Scientific Corp. | 0.87% | 11,249,204 | $1.1B | Add +26.3% |
| TSLA Tesla Inc. | 0.85% | 2,323,528 | $1.0B | Add +68.7% |
| GM General Motors Co. | 0.82% | 12,490,429 | $1.0B | Add +29.0% |
| SOFI Sofi Technologies Inc. | 0.82% | 38,737,636 | $1.0B | Add +10.6% |
| AVGO Broadcom Inc. | 0.81% | 2,875,837 | $995.3M | Reduce -49.5% |
| WDC Western Digital Corp. | 0.80% | 5,701,318 | $982.2M | Reduce -40.8% |
| MU Micron Technology Inc. | 0.77% | 3,342,619 | $954.0M | Reduce -63.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.73% | 2,951,420 | $896.9M | Add +75.7% |
| HD Home Depot Inc. | 0.70% | 2,513,040 | $864.7M | Add +190.7% |
| IVV iShares Core S&P 500 ETF | 0.65% | 1,175,000 | $804.8M | New |
| COST Costco Wholesale Corp. | 0.65% | 923,707 | $796.5M | Add +97.9% |
| SCHW Schwab (charles) Corp. | 0.64% | 7,942,074 | $793.5M | Add +3.6% |
| BE Bloom Energy Corp. Class A | 0.62% | 8,798,303 | $764.5M | Reduce -25.6% |
| INSM Insmed Inc. | 0.61% | 4,350,995 | $757.2M | Reduce -23.1% |
| T AT&T Inc. | 0.60% | 29,984,784 | $744.8M | Add +224.7% |
| ISRG Intuitive Surgical Inc. | 0.60% | 1,306,121 | $739.7M | Reduce -35.3% |
| V Visa Inc. Class A | 0.58% | 2,048,376 | $718.4M | Add +64.6% |
| META Meta Platforms Inc. Class A | 0.58% | 1,074,334 | $709.2M | Reduce -45.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.57% | 12,820,894 | $705.1M | Reduce -22.8% |
| VRSK Verisk Analytics Inc. | 0.56% | 3,078,977 | $688.7M | Add +60.2% |
| FISV Fiserv Inc. | 0.55% | 10,132,277 | $680.6M | Add +49.5% |
| FICO Fair Isaac Corp. | 0.55% | 398,000 | $672.9M | Add +11.9% |
| ROST Ross Stores Inc. | 0.54% | 3,684,258 | $663.7M | Reduce -4.6% |
| NSC Norfolk Southern Corp. | 0.53% | 2,278,400 | $657.8M | Add +403.2% |
| FCX Freeport-McMoran Inc. | 0.53% | 12,890,435 | $654.7M | Add +99.0% |
| LMT Lockheed Martin Corp. | 0.53% | 1,340,668 | $648.4M | Add +109.1% |
| GOOG Alphabet Inc. Class C | 0.52% | 2,047,697 | $642.6M | Add +32.6% |
| MCD McDonald's Corp. | 0.52% | 2,078,003 | $635.1M | Add +433.7% |
| PG The Procter & Gamble Co. | 0.51% | 4,367,307 | $625.9M | Add +66.1% |
| MDB Mongodb Inc. | 0.50% | 1,457,562 | $611.7M | Add +8.6% |
| TTWO Take-Two Interactive Softwre | 0.48% | 2,319,231 | $593.8M | Add +11.0% |
| COF Capital One Financial Corp. | 0.48% | 2,443,036 | $592.1M | Add +185.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.46% | 4,998,961 | $568.7M | Reduce -19.7% |
| SAP Sap SE-Sponsored ADR | 0.45% | 2,301,078 | $559.0M | Add +149.8% |
| ADBE Adobe Inc. | 0.45% | 1,577,224 | $552.0M | Reduce -30.5% |
| ROP Roper Technologies Inc. | 0.42% | 1,162,768 | $517.6M | Add +32.1% |
| TRGP Targa Resources Corp. | 0.42% | 2,793,877 | $515.5M | Add +39.1% |
| TMUS T-Mobile US Inc. | 0.42% | 2,530,846 | $513.9M | Reduce -27.6% |
| ABNB Airbnb Inc. Class A | 0.41% | 3,749,685 | $508.9M | Add +15.2% |
| MSI Motorola Solutions Inc. | 0.41% | 1,316,150 | $504.5M | Add +1384.5% |
| SHEL Shell PLC-ADR | 0.40% | 6,778,431 | $498.1M | Add +10.6% |
| SNDK Sandisk Corp. | 0.40% | 2,093,003 | $496.8M | Add +63.1% |
| RBLX Roblox Corp. Class A | 0.40% | 6,013,432 | $487.3M | Add +19.4% |
| MRSH Marsh & McLennan Cos | 0.39% | 2,596,011 | $481.6M | Add +0.8% |
| HON Honeywell International Inc. | 0.38% | 2,418,775 | $471.9M | Reduce -14.8% |
| RKLB Rocket Lab Corp. | 0.38% | 6,644,372 | $463.5M | Reduce -30.2% |
| KVUE Kenvue Inc. | 0.37% | 26,432,352 | $456.0M | Reduce -3.5% |
| SHW The Sherwin-Williams Co. | 0.37% | 1,398,988 | $453.3M | Add +615.5% |
| LLY Eli Lilly & Co. | 0.37% | 419,051 | $450.3M | Reduce -14.2% |
| SPOT Spotify Technology SA | 0.36% | 767,415 | $445.6M | Add +16633.9% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.36% | 11,684,671 | $441.3M | Add +9.0% |
| KMB Kimberly-Clark Corp. | 0.35% | 4,293,521 | $433.2M | Add +1634.2% |
| B Barrick Mining Corp. | 0.34% | 9,732,058 | $423.9M | Add +13.9% |
| GEV GE Vernova Inc. | 0.34% | 645,897 | $422.1M | Add +147.6% |
| ALAB Astera Labs Inc. | 0.33% | 2,452,380 | $408.0M | Reduce -3.7% |
| MRK Merck & Co. Inc. | 0.30% | 3,518,464 | $370.4M | Add +1.5% |
| ICE Intercontinental Exchange Inc. | 0.30% | 2,267,983 | $367.3M | Add +0.1% |
| LNG Cheniere Energy Inc. | 0.30% | 1,874,794 | $364.4M | Add +92.6% |
| FIVE Five Below | 0.29% | 1,919,606 | $361.6M | Reduce -7.5% |
| CNC Centene Corp. | 0.28% | 8,347,666 | $343.5M | Reduce -21.5% |
| HPE Hewlett Packard Enterprise | 0.27% | 13,612,705 | $327.0M | Add +478.4% |
| LVS Las Vegas Sands Corp. | 0.26% | 4,977,297 | $324.0M | Add +18534.6% |
| AS Amer Sports Inc. | 0.26% | 8,622,690 | $322.1M | Add +27.8% |
| FANG Diamondback Energy Inc. | 0.26% | 2,114,511 | $317.9M | Add +18.5% |
| APP AppLovin Corp. Class A | 0.25% | 463,237 | $312.1M | Reduce -5.7% |
| UNH Unitedhealth Group Inc. | 0.25% | 941,173 | $310.7M | Add +73.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 607,615 | $305.4M | Reduce -19.1% |
| MEDP Medpace Holdings Inc. | 0.24% | 528,232 | $296.7M | Reduce -12.0% |
| AME Ametek Inc. | 0.24% | 1,426,934 | $293.0M | Add +63.7% |
| Q Qnity Electronics Inc. | 0.24% | 3,584,196 | $292.6M | Add +7.9% |
| WBD Warner Bros Discovery Inc. | 0.23% | 9,956,406 | $286.9M | Add +62.5% |
| LIN Linde PLC | 0.23% | 670,264 | $285.8M | Add +4.2% |
| CARR Carrier Global Corp. | 0.23% | 5,341,850 | $282.3M | Add +365.3% |
| MMM 3M Co. | 0.23% | 1,761,340 | $282.0M | Add +225.0% |
| EQT Eqt Corp. | 0.22% | 5,064,121 | $271.4M | Add +39.5% |
| GDDY GoDaddy Inc. Class A | 0.22% | 2,178,482 | $270.3M | Add +17.5% |
| WFC Wells Fargo & Co. | 0.22% | 2,897,118 | $270.0M | Reduce -39.2% |
| CHRW C.H. Robinson Worldwide Inc. | 0.22% | 1,676,314 | $269.5M | Reduce -22.6% |
| RIVN Rivian Automotive Inc. Class A | 0.22% | 13,654,764 | $269.1M | Add +212.3% |
| WMT Walmart Inc. | 0.22% | 2,410,090 | $268.5M | Reduce -55.0% |
| OTIS Otis Worldwide Corp. | 0.22% | 3,055,498 | $266.9M | Reduce -16.5% |
| DXCM Dexcom Inc. | 0.21% | 3,938,568 | $261.4M | Add +78.7% |
| NOW ServiceNow Inc. | 0.21% | 1,684,593 | $258.1M | Add +770.1% |
| GWW WW Grainger Inc. | 0.21% | 254,643 | $256.9M | Add +112.6% |
| NRG NRG Energy Inc. | 0.21% | 1,613,298 | $256.9M | Add +24.8% |
| WSM Williams-Sonoma Inc. | 0.20% | 1,401,257 | $250.3M | Reduce -25.1% |
| AAL American Airlines Group Inc. | 0.20% | 16,143,624 | $247.5M | Reduce -40.4% |
| NIO Nio Inc. - ADR | 0.20% | 48,172,443 | $245.7M | Add +248.0% |
| AMT American Tower Corp. | 0.20% | 1,377,481 | $241.8M | Add +817.9% |
Options reported separately and not counted above: TSLA puts ($1.2B), NVDA puts ($802.8M), META puts ($642.7M), GOOGL puts ($592.0M), MU puts ($554.1M), AMD puts ($550.6M), PLTR puts ($532.1M), UNH puts ($525.9M), LLY puts ($524.9M), BA puts ($503.8M), NVDA calls ($498.0M), RDDT calls ($482.1M), and 1378 more.
Other holdings (296): bonds, preferreds, convertibles and warrants · $8.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 154,437,000 | $708.9M | Add +8.8% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 278,500,000 | $432.9M | Add +68.8% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 78,176,000 | $415.9M | Add +0.2% |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 416,485,000 | $342.4M | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 123,978,000 | $284.5M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 185,336,000 | $210.8M | Add +149.3% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 171,904,000 | $194.2M | Add +57.1% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 172,500,000 | $188.8M | Add +25.4% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 52,752,000 | $177.0M | Reduce -72.7% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 2,700,000 | $159.3M | Add +8.0% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 124,872,000 | $146.5M | Add +16.8% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 142,725,000 | $142.6M | Reduce -8.1% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 156,830,000 | $137.5M | Add +5.0% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 139,417,000 | $132.9M | Add +4.6% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 103,476,000 | $130.0M | Add +350.4% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 86,010,000 | $125.1M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 1,550,707 | $124.0M | Reduce -11.9% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 46,000,000 | $117.0M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 117,476,000 | $114.5M | Add +8.2% |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 52,635,000 | $113.7M | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 107,804,000 | $108.8M | Add +14.9% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 74,954,000 | $105.8M | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 101,792,000 | $100.7M | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 88,854,000 | $95.5M | Add +3.7% |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 80,180,000 | $94.1M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 94,081,000 | $93.8M | Add +27.0% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 90,500,000 | $87.9M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 95,853,000 | $85.6M | Add +209.2% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 18,359,000 | $85.1M | No change |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 79,497,000 | $85.0M | Add +266.4% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 74,162,000 | $83.5M | Add +4.2% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 1,606,000 | $82.7M | Reduce -48.4% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 88,500,000 | $81.1M | New |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 205,000 | $74.8M | No change |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 65,000,000 | $72.1M | New |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 74,700,000 | $70.7M | Add +13.8% |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 87,889,000 | $69.2M | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 68,941,000 | $67.7M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 74,809,000 | $67.5M | Reduce -5.7% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 64,826,000 | $64.7M | No change |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 45,471,000 | $62.3M | Reduce -30.6% |
| JAMF HOLDING CORP (JAMF 0.125 09/01/26) | NOTE 0.125% 9/0 · principal | 59,840,000 | $59.0M | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 62,250,000 | $57.8M | Add +28.4% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 57,996,000 | $56.0M | Add +45.4% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 36,201,000 | $56.0M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 44,000,000 | $55.8M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 53,390,000 | $55.6M | Reduce -2.7% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 38,285,000 | $54.6M | Reduce -11.6% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 943,100 | $52.2M | Add +174.9% |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | 39,870,000 | $50.5M | New |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 45,771,000 | $45.5M | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 872,250 | $43.9M | Add +16.7% |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 12,397,000 | $43.2M | Add +90.7% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 570,000 | $43.0M | Add +21.3% |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 32,450,000 | $42.6M | Add +32.7% |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 32,563,000 | $41.1M | Add +3.2% |
| OMEROS CORP (OMER 9.5 06/15/29) | NOTE 9.500% 6/1 · principal | 13,380,000 | $40.3M | No change |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 41,257,000 | $38.5M | Add +2.5% |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 14,000,000 | $37.8M | New |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 26,500,000 | $37.5M | No change |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 15,900,000 | $37.4M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 40,468,000 | $36.8M | No change |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | 40,733,000 | $36.3M | No change |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 25,500,000 | $35.0M | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 30,550,000 | $34.3M | Reduce -65.0% |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | 38,874,000 | $33.9M | New |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 34,894,000 | $33.9M | Add +67.9% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 620,000 | $33.9M | New |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 34,001,000 | $33.7M | No change |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 24,350,000 | $32.7M | No change |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 650,000 | $32.3M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 458,654 | $31.9M | Reduce -86.6% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 32,009,000 | $31.4M | Add +18.5% |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | 13,512,000 | $28.6M | No change |
| T1 ENERGY INC (TE 5.25 12/01/30) | NOTE 5.250%12/0 · principal | 21,750,000 | $27.8M | New |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 27,639,000 | $27.4M | No change |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 27,902,000 | $26.6M | No change |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 · principal | 23,089,000 | $26.5M | No change |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 26,000,000 | $25.2M | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 28,785,000 | $25.2M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 27,250,000 | $24.7M | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 22,496,000 | $24.3M | Reduce -57.1% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 20,798,000 | $24.3M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 23,000,000 | $23.6M | Add +53.3% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 24,250,000 | $23.3M | Add +14.1% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 21,713,000 | $22.3M | New |
| COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) | NOTE 1.625%11/1 · principal | 19,000,000 | $22.2M | New |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 30,290,000 | $20.7M | Add +23.4% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 20,856,000 | $20.6M | No change |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | 23,000,000 | $19.4M | New |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 20,125,000 | $19.1M | New |
| PAGAYA TECHNOLOGIES LTD (PGY 6.125 10/01/29) | NOTE 6.125%10/0 · principal | 10,250,000 | $18.6M | New |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 16,204,999 | $18.6M | Add +8.4% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 27,181,000 | $18.2M | No change |
| AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) | NOTE 4.250% 2/1 · principal | 17,750,000 | $18.2M | Add +18.3% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 19,500,000 | $17.8M | Add +178.6% |
| BEYOND MEAT INC (BYND 7 10/15/30) | DEBT 10/1 · principal | 22,466,000 | $17.3M | New |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 16,500,000 | $17.1M | New |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 18,165,000 | $17.1M | No change |
| GROUPON INC (GRPN 4.875 06/30/30 UNRS) | NOTE 4.875% 6/3 · principal | 19,074,000 | $17.0M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | NOTE 1.625% 2/1 · principal | 9,275,000 | $16.8M | Add +19.3% |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | 15,350,000 | $16.3M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 16,583,000 | $16.1M | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 16,897,000 | $15.2M | Reduce -45.3% |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | 12,500,000 | $15.1M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 15,130,000 | $15.1M | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 14,250,000 | $13.0M | No change |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 28,985,000 | $12.4M | Add +9.4% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 11,000,000 | $12.2M | No change |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 11,650,000 | $11.0M | Add +22.0% |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | 10,839,000 | $10.8M | No change |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 11,900,000 | $10.4M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 10,000,000 | $10.0M | Add +100.0% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 5,789,000 | $9.6M | Reduce -92.3% |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 8,300,000 | $9.6M | No change |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 5,200,000 | $9.5M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 7,500,000 | $8.2M | Add +114.3% |
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | 6,305,208 | $6.2M | Add +4.6% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 4,139,000 | $5.3M | No change |
| APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) | NOTE 3.500% 9/1 · principal | 5,000,000 | $5.2M | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 5,000,000 | $5.2M | No change |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | 5,000,000 | $4.5M | No change |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 371,250 | $2.9M | No change |
| TILRAY BRANDS INC (TLRY 5.2 06/15/27) | NOTE 5.200% 6/1 · principal | 2,000,000 | $1.9M | No change |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 1,507,382 | $1.7M | No change |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 1,049,673 | $1.6M | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 1,454,895 | $1.4M | No change |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 1,428,740 | $1.3M | Add +659.0% |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 365,903 | $1.1M | Add +315.4% |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 731,000 | $1.1M | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 39,904 | $769K | No change |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 1,428,549 | $743K | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 14,181 | $690K | No change |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 267,000 | $686K | No change |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 605,000 | $606K | New |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 1,359,308 | $543K | New |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 604,873 | $428K | No change |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 137,500 | $375K | New |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 500,000 | $368K | No change |
| BZAIW Burtech Acquisition -CW23 | *W EXP 01/13/203 | 900,000 | $333K | No change |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 35,616 | $326K | No change |
| CHENGHE ACQUISITION II CO | *W EXP 05/30/203 | 87,500 | $251K | No change |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 850,000 | $237K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 330,000 | $226K | No change |
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | 484,473 | $223K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 225,000 | $209K | No change |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | 106,572 | $207K | No change |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 988,099 | $188K | No change |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 21,156 | $182K | Reduce -59.9% |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 250,000 | $177K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 725,000 | $174K | No change |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 375,000 | $169K | No change |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 200,000 | $160K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 287,500 | $158K | No change |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 547,924 | $153K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 175,000 | $149K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 439,789 | $141K | No change |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 1,000,000 | $140K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 87,500 | $136K | No change |
| HPAIW Helport AI Ltd. -29 | *W EXP 03/31/202 | 847,500 | $135K | No change |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 625,000 | $131K | No change |
| VNMEW Vendome Acquisition Corp. I | *W EXP 07/03/202 | 450,000 | $113K | No change |
| HOLLEY INC | *W EXP 11/30/202 | 732,036 | $101K | No change |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 250,000 | $100K | No change |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 272,133 | $95K | No change |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 150,000 | $90K | No change |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 199,999 | $88K | No change |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 150,000 | $87K | No change |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 44,211 | $84K | No change |
| BCARW D Boral Arc Acquisition - 30 | *W EXP 07/23/203 | 225,000 | $82K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 450,000 | $76K | No change |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 675,425 | $76K | No change |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 175,000 | $72K | No change |
| FLDDW Fold Holdings Inc. -23 | *W EXP 02/14/203 | 375,000 | $72K | No change |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 990,000 | $71K | No change |
| COPL.WS Copley Acquisition Corp. -30 | *W EXP 99/99/999 | 250,000 | $70K | No change |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 166,366 | $68K | No change |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 325,000 | $65K | No change |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 250,000 | $63K | No change |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 155,000 | $62K | No change |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 62,500 | $62K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 136,100 | $56K | No change |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 280,000 | $53K | No change |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 49,200 | $48K | No change |
| ABVWF Above Food Ingredients- 29 | *W EXP 06/28/202 | 137,500 | $48K | No change |
| RDZNW Vahanna Tech Edge -CW24 | *W EXP 11/30/202 | 175,000 | $48K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 557,746 | $47K | No change |
| NOEMW CO2 Energy Transition -28 | *W EXP 08/17/202 | 280,000 | $47K | No change |
| QETAR Quetta Acquisition Corp.-RTS | RIGHT 99/99/9999 | 23,000 | $47K | No change |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 125,000 | $46K | No change |
| PELIR Pelican Acquisition Corp.-RTS | RIGHT 05/02/2030 | 200,000 | $46K | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 575,000 | $43K | No change |
| SOCAW Solarius Capital Acqui -30 | *W EXP 07/10/203 | 150,000 | $42K | No change |
| TAVIR Tavia Acquisition Corp. | RIGHT 11/26/2029 | 200,000 | $42K | No change |
| NUAIW New Era Helium Inc. -29 | *W EXP 12/06/202 | 49,999 | $41K | No change |
| ONMDW Data Knights Acq Class A -CW28 | *W EXP 11/07/202 | 420,000 | $39K | No change |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | 119,035 | $36K | No change |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | 116,666 | $36K | No change |
| RDACR Rising Dragon Acquisition Co. | RIGHT 11/15/2028 | 150,000 | $36K | No change |
| SBCWW Pono Capital Two Inc. -27 | *W EXP 09/17/202 | 172,500 | $35K | No change |
Largest 200 of 296 shown.
Total filed on the 13F, all lines: $131.5B.
Portfolio Sells Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Reduce -49.5% | 0.81% | −0.81 |
| VCIT Vanguard Int-Term Corporate | Reduce -99.9% | 0.00% | −0.75 |
| META Meta Platforms Inc. Class A | Reduce -45.2% | 0.58% | −0.67 |
| MSFT Microsoft Corp. | Reduce -7.5% | 2.70% | −0.63 |
| NVDA Nvidia Corp. | Reduce -8.7% | 3.53% | −0.59 |
| MU Micron Technology Inc. | Reduce -63.0% | 0.77% | −0.53 |
| TJX TJX Companies Inc. | Reduce -73.0% | 0.17% | −0.46 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.43 |
| CRM Salesforce Inc. | Reduce -71.0% | 0.17% | −0.38 |
| K Kellanova | Sold out | 0.00% | −0.38 |
| CVNA Carvana Co. | Reduce -94.4% | 0.02% | −0.38 |
| DD Dupont DE Nemours Inc. | Reduce -57.6% | 0.09% | −0.36 |
| HOOD Robinhood Markets Inc. Class A | Reduce -56.8% | 0.17% | −0.36 |
| ETHA iShares Ethereum Trust ETF | Reduce -91.6% | 0.02% | −0.32 |
| REGN Regeneron Pharmaceuticals | Reduce -82.0% | 0.10% | −0.32 |
| TEAM Atlassian Corp. Class A | Reduce -63.1% | 0.17% | −0.31 |
| TMUS T-Mobile US Inc. | Reduce -27.6% | 0.42% | −0.31 |
| QBTS D-Wave Quantum Inc. | Reduce -99.3% | 0.00% | −0.29 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -87.8% | 0.04% | −0.28 |
| BA The Boeing Co. | Reduce -99.4% | 0.00% | −0.28 |
| RGTI Rigetti Computing Inc. | Reduce -72.4% | 0.06% | −0.27 |
| WMT Walmart Inc. | Reduce -55.0% | 0.22% | −0.26 |
| IONQ Ionq Inc. | Reduce -83.9% | 0.03% | −0.26 |
| ZS Zscaler Inc. | Reduce -70.6% | 0.07% | −0.25 |
| SE Sea Ltd.-ADR | Reduce -81.4% | 0.04% | −0.25 |
| ADBE Adobe Inc. | Reduce -30.5% | 0.45% | −0.24 |
| BE Bloom Energy Corp. Class A | Reduce -25.6% | 0.62% | −0.24 |
| CPNG Coupang Inc. | Reduce -37.6% | 0.18% | −0.24 |
| STX Seagate Technology Holdings | Reduce -60.3% | 0.18% | −0.23 |
| CRDO Credo Technology Group Holdi | Reduce -51.9% | 0.18% | −0.23 |
| TPR Tapestry Inc. | Reduce -92.1% | 0.02% | −0.22 |
| ACN Accenture PLC Class A | Reduce -99.6% | 0.00% | −0.22 |
| GRAB Grab Holdings Ltd. Class A | Reduce -59.2% | 0.10% | −0.22 |
| IBIT iShares Bitcoin Trust ETF | Reduce -33.5% | 0.19% | −0.21 |
| GE General Electric | Reduce -56.1% | 0.15% | −0.20 |
| WDC Western Digital Corp. | Reduce -40.8% | 0.80% | −0.20 |
| CRH CRH PLC | Reduce -71.6% | 0.07% | −0.19 |
| PGR Progressive Corp. | Reduce -60.2% | 0.10% | −0.19 |
| AER Aercap Holdings NV | Reduce -57.0% | 0.18% | −0.19 |
| ISRG Intuitive Surgical Inc. | Reduce -35.3% | 0.60% | −0.18 |
| APH Amphenol Corp. Class A | Reduce -82.5% | 0.04% | −0.18 |
| SMCI Super Micro Computer Inc. | Reduce -81.6% | 0.02% | −0.17 |
| BAC Bank of America Corp. | Reduce -22.8% | 0.57% | −0.17 |
| VRSN Verisign Inc. | Reduce -90.0% | 0.01% | −0.17 |
| C Citigroup Inc. | Reduce -64.7% | 0.10% | −0.16 |
| DIS The Walt Disney Co. | Reduce -19.7% | 0.46% | −0.15 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.15 |
| RY Royal Bank of Canada | Reduce -74.5% | 0.06% | −0.15 |
| SPIB SS SPDR P Int C Corp. ETF | Sold out | 0.00% | −0.15 |
| SFM Sprouts Farmers Market Inc. | Reduce -84.9% | 0.02% | −0.14 |
Portfolio Buys Q3 2025 → Q4 2025
| AMD Advanced Micro Devices | Add +1916.6% | 1.24% | +1.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +63.7% | 3.01% | +1.10 |
| IVV iShares Core S&P 500 ETF | New | 0.65% | +0.65 |
| AMZN Amazon.com Inc. | Add +87.0% | 1.14% | +0.52 |
| TXN Texas Instruments Inc. | Add +93.2% | 1.06% | +0.44 |
| NSC Norfolk Southern Corp. | Add +403.2% | 0.53% | +0.42 |
| MCD McDonald's Corp. | Add +433.7% | 0.52% | +0.41 |
| HD Home Depot Inc. | Add +190.7% | 0.70% | +0.40 |
| T AT&T Inc. | Add +224.7% | 0.60% | +0.38 |
| MSI Motorola Solutions Inc. | Add +1384.5% | 0.41% | +0.37 |
| SPOT Spotify Technology SA | Add +16633.9% | 0.36% | +0.36 |
| BKNG Booking Holdings Inc. | Add +66.5% | 0.95% | +0.34 |
| KMB Kimberly-Clark Corp. | Add +1634.2% | 0.35% | +0.33 |
| COF Capital One Financial Corp. | Add +185.1% | 0.48% | +0.32 |
| TSM Taiwan Semiconductor-SP ADR | Add +75.7% | 0.73% | +0.32 |
| TSLA Tesla Inc. | Add +68.7% | 0.85% | +0.32 |
| GOOGL Alphabet Inc. Class A | Add +22.1% | 0.99% | +0.32 |
| GM General Motors Co. | Add +29.0% | 0.82% | +0.31 |
| FCX Freeport-McMoran Inc. | Add +99.0% | 0.53% | +0.31 |
| SHW The Sherwin-Williams Co. | Add +615.5% | 0.37% | +0.31 |
| SNDK Sandisk Corp. | Add +63.1% | 0.40% | +0.28 |
| COST Costco Wholesale Corp. | Add +97.9% | 0.65% | +0.27 |
| LVS Las Vegas Sands Corp. | Add +18534.6% | 0.26% | +0.26 |
| LMT Lockheed Martin Corp. | Add +109.1% | 0.53% | +0.25 |
| SAP Sap SE-Sponsored ADR | Add +149.8% | 0.45% | +0.24 |
| V Visa Inc. Class A | Add +64.6% | 0.58% | +0.22 |
| HPE Hewlett Packard Enterprise | Add +478.4% | 0.27% | +0.22 |
| GEV GE Vernova Inc. | Add +147.6% | 0.34% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +32.6% | 0.52% | +0.20 |
| NOW ServiceNow Inc. | Add +770.1% | 0.21% | +0.18 |
| AMT American Tower Corp. | Add +817.9% | 0.20% | +0.17 |
| CARR Carrier Global Corp. | Add +365.3% | 0.23% | +0.17 |
| RIVN Rivian Automotive Inc. Class A | Add +212.3% | 0.22% | +0.16 |
| PG The Procter & Gamble Co. | Add +66.1% | 0.51% | +0.16 |
| MMM 3M Co. | Add +225.0% | 0.23% | +0.16 |
| LOW Lowe's Cos Inc. | Add +3597.1% | 0.16% | +0.15 |
| IBN Icici Bank Ltd.-Spon ADR | Add +21119.4% | 0.14% | +0.14 |
| CIFR Cipher Digital Inc. | Add +287.6% | 0.18% | +0.14 |
| VRSK Verisk Analytics Inc. | Add +60.2% | 0.56% | +0.14 |
| ETN Eaton Corp. PLC | New | 0.14% | +0.14 |
| DECK Deckers Outdoor Corp. | Add +3725.7% | 0.14% | +0.14 |
| MDB Mongodb Inc. | Add +8.6% | 0.50% | +0.14 |
| SHOP Shopify Inc. Class A | Add +411.4% | 0.17% | +0.14 |
| ABT Abbott Laboratories | Add +3296.4% | 0.14% | +0.13 |
| WBD Warner Bros Discovery Inc. | Add +62.5% | 0.23% | +0.13 |
| GNRC Generac Holdings Inc. | Add +870.5% | 0.15% | +0.13 |
| TRGP Targa Resources Corp. | Add +39.1% | 0.42% | +0.13 |
| CCL Carnival Corp. | Add +548.1% | 0.15% | +0.13 |
| NOC Northrop Grumman Corp. | Add +274.5% | 0.17% | +0.12 |
| BSX Boston Scientific Corp. | Add +26.3% | 0.87% | +0.12 |
Options Activity Q3 2025 → Q4 2025
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 6,240,000 | $3.7Bbefore exit |
| TSLA Tesla Inc. | put | Reduce -11.4% | 2,583,500 | $1.2B |
| NVDA Nvidia Corp. | put | Reduce -26.1% | 4,304,400 | $802.8M |
| META Meta Platforms Inc. Class A | put | Add +57.1% | 973,700 | $642.7M |
| GOOGL Alphabet Inc. Class A | put | Add +53.6% | 1,891,400 | $592.0M |
| MU Micron Technology Inc. | put | Reduce -61.1% | 1,941,400 | $554.1M |
| AMD Advanced Micro Devices | put | Reduce -2.3% | 2,571,000 | $550.6M |
| PLTR Palantir Technologies Inc. Class A | put | Reduce -8.8% | 2,993,500 | $532.1M |
| UNH Unitedhealth Group Inc. | put | Add +20.2% | 1,593,000 | $525.9M |
| LLY Eli Lilly & Co. | put | Reduce -22.1% | 488,400 | $524.9M |
| BA The Boeing Co. | put | Add +15.1% | 2,320,300 | $503.8M |
| NVDA Nvidia Corp. | call | Reduce -21.7% | 2,670,100 | $498.0M |
| RDDT Reddit Inc. Class A | call | Add +5.0% | 2,097,300 | $482.1M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +102.5% | 1,558,900 | $473.7M |
| AMZN Amazon.com Inc. | put | Add +17.4% | 2,020,000 | $466.3M |
| TD Toronto-Dominion Bank | put | Add +15.8% | 4,918,500 | $463.6M |
| AMD Advanced Micro Devices | call | Reduce -13.5% | 2,161,700 | $462.9M |
| PLTR Palantir Technologies Inc. Class A | call | Reduce -18.3% | 2,571,300 | $457.0M |
| BKNG Booking Holdings Inc. | call | Reduce -14.5% | 78,600 | $420.9M |
| UNH Unitedhealth Group Inc. | call | Add +176.7% | 1,265,400 | $417.7M |
| ORCL Oracle Corp. | put | Add +10158.5% | 2,123,500 | $413.9M |
| TSLA Tesla Inc. | call | Reduce -26.7% | 917,900 | $412.8M |
| JPM JPMorgan Chase & Co. | call | Add +3.1% | 1,222,500 | $393.9M |
| AVGO Broadcom Inc. | put | Reduce -14.0% | 1,043,200 | $361.1M |
| AAPL Apple Inc. | call | Add +7.8% | 1,324,000 | $359.9M |
| BRK.B Berkshire Hathaway Inc. Class B | call | Add +17.4% | 702,400 | $353.1M |
| HOOD Robinhood Markets Inc. Class A | call | Reduce -0.1% | 3,113,300 | $352.1M |
| BABA Alibaba Group Holding-SP ADR | put | Add +109.6% | 2,355,500 | $345.3M |
| MSFT Microsoft Corp. | put | Add +120.6% | 713,200 | $344.9M |
| NET Cloudflare Inc. Class A | call | Reduce -1.6% | 1,741,800 | $343.4M |
| CRWD CrowdStrike Holdings Inc. Class A | put | Reduce -15.1% | 727,200 | $340.9M |
| COIN Coinbase Global Inc. Class A | call | Add +30.4% | 1,388,600 | $314.0M |
| BA The Boeing Co. | call | Add +8.3% | 1,376,000 | $298.8M |
| AAPL Apple Inc. | put | Add +43.0% | 1,085,000 | $295.0M |
| COST Costco Wholesale Corp. | call | Add +5.8% | 338,900 | $292.2M |
| NVO Novo-Nordisk A/S-Spons ADR | put | Add +126.2% | 5,671,100 | $288.5M |
| LLY Eli Lilly & Co. | call | Reduce -14.9% | 266,300 | $286.2M |
| CIFR Cipher Digital Inc. | call | Add +1812.0% | 19,250,400 | $284.1M |
| MRVL Marvell Technology Inc. | put | Reduce -22.3% | 3,272,100 | $278.1M |
| META Meta Platforms Inc. Class A | call | Reduce -18.2% | 420,600 | $277.6M |
| MSFT Microsoft Corp. | call | Add +3.1% | 556,100 | $268.9M |
| ADBE Adobe Inc. | put | Add +23.6% | 756,100 | $264.6M |
| CRM Salesforce Inc. | put | Reduce -5.3% | 988,200 | $261.8M |
| NET Cloudflare Inc. Class A | put | Add +8.9% | 1,297,000 | $255.7M |
| GS Goldman Sachs Group Inc. | call | Reduce -19.4% | 286,200 | $251.6M |
| PDD PDD Holdings Inc. | call | Reduce -0.9% | 2,207,000 | $250.3M |
| MU Micron Technology Inc. | call | Reduce -40.7% | 876,500 | $250.2M |
| BNS Bank of Nova Scotia | put | Add +50.2% | 3,389,000 | $250.0M |
| CVNA Carvana Co. | put | Add +8.3% | 592,000 | $249.8M |
| LITE Lumentum Holdings Inc. | call | Add +4.5% | 673,800 | $248.4M |
Showing the first 50 of 1,394.
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
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +8.8% | 154,437,000 | $708.9M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +68.8% | 278,500,000 | $432.9M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +0.2% | 78,176,000 | $415.9M |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 416,485,000 | $342.4M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 168,904,000 | $333.8Mbefore exit |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | Sold out | 53,258,000 | $220.9Mbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +149.3% | 185,336,000 | $210.8M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Add +57.1% | 171,904,000 | $194.2M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Add +25.4% | 172,500,000 | $188.8M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -72.7% | 52,752,000 | $177.0M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +8.0% | 2,700,000 | $159.3M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +16.8% | 124,872,000 | $146.5M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Reduce -8.1% | 142,725,000 | $142.6M |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | Add +5.0% | 156,830,000 | $137.5M |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Add +4.6% | 139,417,000 | $132.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +350.4% | 103,476,000 | $130.0M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | New | 86,010,000 | $125.1M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Reduce -11.9% | 1,550,707 | $124.0M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 1,724,700 | $122.9Mbefore exit |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +8.2% | 117,476,000 | $114.5M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +14.9% | 107,804,000 | $108.8M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 99,587,000 | $102.3Mbefore exit |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Add +3.7% | 88,854,000 | $95.5M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +27.0% | 94,081,000 | $93.8M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Add +209.2% | 95,853,000 | $85.6M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Add +266.4% | 79,497,000 | $85.0M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +4.2% | 74,162,000 | $83.5M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -48.4% | 1,606,000 | $82.7M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | New | 88,500,000 | $81.1M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Sold out | 62,836,000 | $79.0Mbefore exit |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | New | 65,000,000 | $72.1M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +13.8% | 74,700,000 | $70.7M |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | New | 87,889,000 | $69.2M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Reduce -5.7% | 74,809,000 | $67.5M |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Reduce -30.6% | 45,471,000 | $62.3M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Sold out | 582,299 | $59.0Mbefore exit |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Add +28.4% | 62,250,000 | $57.8M |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Add +45.4% | 57,996,000 | $56.0M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | New | 36,201,000 | $56.0M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -2.7% | 53,390,000 | $55.6M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | Reduce -11.6% | 38,285,000 | $54.6M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Add +174.9% | 943,100 | $52.2M |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | New | 39,870,000 | $50.5M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Sold out | 45,252,000 | $46.2Mbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +16.7% | 872,250 | $43.9M |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | Add +90.7% | 12,397,000 | $43.2M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +21.3% | 570,000 | $43.0M |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | Add +32.7% | 32,450,000 | $42.6M |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | Add +3.2% | 32,563,000 | $41.1M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | Sold out | 26,547,000 | $39.2Mbefore exit |
Showing the first 50 of 137.
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 | 3,138 | $151.6B | SPY, NVDA, GOOGL, AMZN, GOOG |
| Q1 2026 | 2,909 | $118.0B | NVDA, MSFT, AVGO, GOOGL, AAPL |
| Q4 2025 | 2,872 | $123.2B | NVDA, SPY, MSFT, PLTR, AMD |
| Q3 2025 | 2,815 | $115.7B | NVDA, MSFT, SPY, AVGO, PLTR |
| Q2 2025 | 2,769 | $94.1B | SPY, NVDA, AAPL, MSFT, NFLX |
| Q1 2025 | 2,723 | $78.3B | SPY, MSFT, NVDA, AAPL, INTU |
| Q4 2024 | 2,657 | $84.3B | SPY, MSFT, AAPL, NVDA, TSLA |
| Q3 2024 | 2,759 | $70.4B | NVDA, AAPL, MSFT, META, AMZN |
| Q2 2024 | 2,791 | $65.7B | MSFT, AAPL, NVDA, AMZN, V |
| Q1 2024Amended | 2,705 | $72.3B | MSFT, AAPL, NVDA, AMZN, NFLX |