Daiwa Securities Group Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Daiwa Securities Group Inc. reported 1,259 stock positions worth $22.2 billion. Its top holding was Apple (AAPL) at 4.3% of the portfolio, followed by Nvidia (NVDA, 4.0%) and Microsoft (MSFT, 3.9%). Compared with Q3 2024, it opened 70 new positions, sold out of 71, added to 668 and reduced 338. The biggest buy was Nvidia (NVDA, shares +14%) and the biggest sale Crown Castle (CCI, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- CHIYODA-KU,TOKYO, M0
- CIK
- 0001481045
- Portfolio Value
- $22.2B (Q4 2024)
- SEC Filing
- 0001481045-25-000002 ↗ filed Feb 7, 2025
Holdings Value
Holdings 1,259 stocks · $22.2B
| AAPL Apple Inc. | 4.35% | 3,853,850 | $965.1M | Add +13.5% |
| NVDA Nvidia Corp. | 4.02% | 6,644,713 | $892.4M | Add +14.4% |
| MSFT Microsoft Corp. | 3.88% | 2,043,053 | $861.1M | Add +15.3% |
| WELL Welltower Inc. | 3.54% | 6,239,086 | $786.3M | Reduce -6.9% |
| DLR Digital Realty Trust Inc. | 3.39% | 4,247,555 | $753.2M | Reduce -12.3% |
| AMZN Amazon.com Inc. | 3.03% | 3,064,900 | $672.4M | Add +12.7% |
| PLD Prologis Inc. | 2.79% | 5,860,935 | $619.5M | Add +1.5% |
| META Meta Platforms Inc. Class A | 2.29% | 867,401 | $507.9M | Add +13.0% |
| SPG Simon Property Group Inc. | 2.29% | 2,946,541 | $507.4M | Reduce -15.2% |
| AVGO Broadcom Inc. | 2.21% | 2,121,147 | $491.8M | Add +1.1% |
| EQIX Equinix Inc. | 2.19% | 514,823 | $485.4M | Reduce -9.8% |
| GOOGL Alphabet Inc. Class A | 2.10% | 2,460,722 | $465.8M | Add +14.2% |
| CPTL GBL X MRST CP Alc LDR ETF-Ui | 2.06% | 11,674,069 | $456.3M | Reduce -1.7% |
| INVH Invitation Homes Inc. | 1.68% | 11,689,281 | $373.7M | Reduce -0.5% |
| NFLX Netflix Inc. | 1.65% | 412,200 | $367.4M | Add +9.1% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.55% | 11,749,367 | $343.2M | Reduce -2.0% |
| PSA Public Storage | 1.47% | 1,091,240 | $326.8M | Reduce -2.0% |
| EXR Extra Space Storage Inc. | 1.43% | 2,127,067 | $318.2M | Add +5.3% |
| NOW ServiceNow Inc. | 1.40% | 292,770 | $310.4M | Add +19.2% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.40% | 2,947,121 | $309.8M | Reduce -5.7% |
| UDR Udr Inc. | 1.37% | 6,998,102 | $303.8M | Reduce -1.6% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.30% | 2,344,020 | $288.2M | Add +23.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.28% | 833,390 | $285.2M | Add +10.2% |
| HST Host Hotels & Resorts Inc. | 1.25% | 15,899,205 | $278.6M | Add +16.6% |
| KIM Kimco Realty Corp. | 0.99% | 9,364,298 | $219.4M | Reduce -22.1% |
| HR Healthcare Realty Trust Inc. | 0.94% | 12,280,269 | $208.2M | Reduce -2.1% |
| AMT American Tower Corp. | 0.93% | 1,124,633 | $206.3M | Add +456.9% |
| TSLA Tesla Inc. | 0.91% | 500,237 | $202.0M | Add +2.2% |
| IBN Icici Bank Ltd.-Spon ADR | 0.89% | 6,613,009 | $197.5M | Reduce -2.9% |
| CCI Crown Castle Inc. | 0.89% | 2,173,039 | $197.2M | Reduce -31.4% |
| O Realty Income Corp. | 0.87% | 3,624,265 | $193.6M | Reduce -16.7% |
| ESS Essex Property Trust Inc. | 0.86% | 669,314 | $191.0M | Reduce -2.2% |
| GOOG Alphabet Inc. Class C | 0.83% | 970,989 | $184.9M | Add +10.0% |
| OHI Omega Healthcare Investors | 0.83% | 4,840,280 | $183.2M | Add +22.6% |
| ADC Agree Realty Corp. | 0.71% | 2,233,377 | $157.3M | Reduce -5.0% |
| ELS Equity Lifestyle Properties | 0.67% | 2,244,631 | $149.5M | Reduce -3.6% |
| WY Weyerhaeuser Co. | 0.62% | 4,881,592 | $137.4M | Add +122.3% |
| INFY Infosys Ltd.-SP ADR | 0.57% | 5,746,100 | $126.0M | Reduce -1.8% |
| AVB Avalonbay Communities Inc. | 0.55% | 554,290 | $121.9M | Add +51.7% |
| EGP Eastgroup Properties Inc. | 0.51% | 707,732 | $113.6M | Add +210.6% |
| LAMR Lamar Advertising Co. Class A | 0.50% | 905,368 | $110.2M | Add +108.3% |
| JPM JPMorgan Chase & Co. | 0.49% | 456,455 | $109.4M | Add +4.5% |
| UNH Unitedhealth Group Inc. | 0.49% | 213,016 | $107.8M | Add +2.2% |
| COLD Americold Realty Trust Inc. | 0.48% | 5,000,748 | $107.0M | Reduce -2.3% |
| LLY Eli Lilly & Co. | 0.47% | 136,597 | $105.5M | Add +0.9% |
| V Visa Inc. Class A | 0.46% | 323,322 | $102.2M | Add +6.1% |
| COST Costco Wholesale Corp. | 0.45% | 110,094 | $100.9M | Add +4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 201,440 | $91.3M | Add +8.7% |
| IVV iShares Core S&P 500 ETF | 0.39% | 146,368 | $86.2M | Reduce -57.6% |
| HD Home Depot Inc. | 0.37% | 212,445 | $82.6M | Add +5.4% |
| MA Mastercard Inc. Class A | 0.32% | 136,202 | $71.7M | Add +11.4% |
| CRM Salesforce Inc. | 0.31% | 208,416 | $69.7M | Reduce -3.9% |
| GS Goldman Sachs Group Inc. | 0.30% | 117,334 | $67.2M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.30% | 400,549 | $67.2M | Add +4.3% |
| WMT Walmart Inc. | 0.30% | 737,090 | $66.6M | Add +2.6% |
| HIW Highwoods Properties Inc. | 0.30% | 2,156,943 | $66.0M | Reduce -1.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 126,208 | $64.5M | Reduce -12.6% |
| CSCO Cisco Systems Inc. | 0.29% | 1,080,404 | $64.0M | Add +6.7% |
| XOM Exxon Mobil Corp. | 0.29% | 589,268 | $63.4M | Add +0.5% |
| LINE Lineage Inc. | 0.28% | 1,070,915 | $62.7M | Add +130.2% |
| JNJ Johnson & Johnson | 0.27% | 420,504 | $60.8M | Add +9.3% |
| AMGN Amgen Inc. | 0.24% | 208,167 | $54.3M | Add +14.1% |
| CAT Caterpillar Inc. | 0.24% | 148,677 | $53.9M | Add +3.0% |
| ADBE Adobe Inc. | 0.23% | 116,015 | $51.6M | Reduce -1.8% |
| MCD McDonald's Corp. | 0.23% | 175,861 | $51.0M | Add +1.1% |
| PEP Pepsico Inc. | 0.23% | 329,755 | $50.1M | Add +7.0% |
| AMD Advanced Micro Devices | 0.21% | 394,353 | $47.6M | Add +6.8% |
| QCOM Qualcomm Inc. | 0.21% | 310,093 | $47.6M | Add +11.4% |
| LIN Linde PLC | 0.21% | 113,451 | $47.5M | Reduce -9.2% |
| CURB Curbline Properties Corp. | 0.21% | 2,033,334 | $47.2M | Add +35.6% |
| HON Honeywell International Inc. | 0.21% | 203,586 | $46.0M | Add +2.6% |
| INTU Intuit Inc. | 0.21% | 72,869 | $45.8M | Add +9.8% |
| ABBV Abbvie Inc. | 0.20% | 252,759 | $44.9M | Add +12.4% |
| AXP American Express Co. | 0.20% | 150,854 | $44.8M | Add +2.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 200,648 | $44.1M | Add +3.1% |
| CVX Chevron Corp. | 0.20% | 301,855 | $43.7M | Add +3.7% |
| MRK Merck & Co. Inc. | 0.20% | 437,097 | $43.5M | Reduce -0.1% |
| BKNG Booking Holdings Inc. | 0.19% | 8,567 | $42.6M | Add +26.9% |
| PM Philip Morris International | 0.19% | 348,086 | $41.9M | Add +7.8% |
| ISRG Intuitive Surgical Inc. | 0.19% | 79,858 | $41.7M | Reduce -7.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 938,908 | $41.3M | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.19% | 660,303 | $41.1M | Reduce -6.1% |
| ETN Eaton Corp. PLC | 0.18% | 120,728 | $40.1M | Add +13.3% |
| TXN Texas Instruments Inc. | 0.17% | 196,600 | $36.9M | Add +6.4% |
| ORCL Oracle Corp. | 0.17% | 220,064 | $36.7M | Add +9.5% |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 480,809 | $36.4M | Add +49.6% |
| TT Trane Technologies PLC | 0.16% | 97,813 | $36.1M | Add +27.6% |
| SHW The Sherwin-Williams Co. | 0.16% | 105,772 | $36.0M | Add +259.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.16% | 318,128 | $35.4M | Add +3.9% |
| TMUS T-Mobile US Inc. | 0.15% | 146,940 | $32.4M | Add +5.2% |
| GILD Gilead Sciences Inc. | 0.14% | 344,783 | $31.8M | Add +13.0% |
| CDNS Cadence Design SYS Inc. | 0.14% | 105,462 | $31.7M | Reduce -10.4% |
| TMO Thermo Fisher Scientific Inc. | 0.14% | 60,428 | $31.4M | Add +6.5% |
| WFC Wells Fargo & Co. | 0.14% | 447,110 | $31.4M | Add +5.0% |
| T AT&T Inc. | 0.14% | 1,339,530 | $30.5M | Add +11.5% |
| BA The Boeing Co. | 0.14% | 171,289 | $30.3M | Add +15.1% |
| CMCSA Comcast Corp. Class A | 0.14% | 806,697 | $30.3M | Add +9.9% |
| ACN Accenture PLC Class A | 0.13% | 83,930 | $29.5M | Add +7.0% |
| AIQ Global X Art Intel & Tech | 0.13% | 763,079 | $29.5M | No change |
| NEE Nextera Energy Inc. | 0.13% | 389,166 | $27.9M | Reduce -14.6% |
Other holdings (22): bonds, preferreds, convertibles and warrants · $188.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 15,000,000 | $37.7M | Reduce -31.8% |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 7,000,000 | $32.5M | Reduce -30.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 25,110,000 | $24.5M | Reduce -25.0% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 11,000,000 | $17.1M | New |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | 9,035,000 | $13.4M | Reduce -25.1% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 11,500,000 | $11.8M | Reduce -23.3% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 10,000,000 | $8.6M | New |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | 5,000,000 | $7.8M | New |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 5,000,000 | $6.7M | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 150,000 | $6.2M | New |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 5,000,000 | $4.3M | New |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | 2,000,000 | $4.1M | New |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 4,749,000 | $4.1M | New |
| BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) | NOTE 8.500% 8/1 · principal | 1,000,000 | $2.7M | Reduce -66.7% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 2,500,000 | $2.3M | New |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 1,899,000 | $1.8M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 1,786,000 | $1.6M | New |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 2,000,000 | $829K | Reduce -75.0% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 2,048 | $100K | Reduce -51.2% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 1,627 | $98K | Reduce -52.5% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 4,000 | $83K | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 2,801 | $69K | Reduce -41.7% |
Total filed on the 13F, all lines: $22.4B.
Portfolio Sells Q3 2024 → Q4 2024
| CCI Crown Castle Inc. | Reduce -31.4% | 0.89% | −0.86 |
| IVV iShares Core S&P 500 ETF | Reduce -57.6% | 0.39% | −0.54 |
| WELL Welltower Inc. | Reduce -6.9% | 3.54% | −0.46 |
| SPG Simon Property Group Inc. | Reduce -15.2% | 2.29% | −0.46 |
| PSA Public Storage | Reduce -2.0% | 1.47% | −0.42 |
| O Realty Income Corp. | Reduce -16.7% | 0.87% | −0.42 |
| IRM Iron Mountain Inc. | Reduce -5.7% | 1.40% | −0.34 |
| REXR Rexford Industrial Realty Inc. | Reduce -94.0% | 0.02% | −0.32 |
| VICI Vici Properties Inc. | Reduce -2.0% | 1.55% | −0.32 |
| KIM Kimco Realty Corp. | Reduce -22.1% | 0.99% | −0.32 |
| DLR Digital Realty Trust Inc. | Reduce -12.3% | 3.39% | −0.27 |
| INVH Invitation Homes Inc. | Reduce -0.5% | 1.68% | −0.25 |
| CPT Camden Property Trust | Reduce -87.8% | 0.03% | −0.21 |
| COLD Americold Realty Trust Inc. | Reduce -2.3% | 0.48% | −0.19 |
| EQIX Equinix Inc. | Reduce -9.8% | 2.19% | −0.18 |
| UDR Udr Inc. | Reduce -1.6% | 1.37% | −0.14 |
| HR Healthcare Realty Trust Inc. | Reduce -2.1% | 0.94% | −0.13 |
| ADC Agree Realty Corp. | Reduce -5.0% | 0.71% | −0.12 |
| CPTL GBL X MRST CP Alc LDR ETF-Ui | Reduce -1.7% | 2.06% | −0.11 |
| ELS Equity Lifestyle Properties | Reduce -3.6% | 0.67% | −0.10 |
| SBAC SBA Communications Corp. | Reduce -72.1% | 0.03% | −0.09 |
| ESS Essex Property Trust Inc. | Reduce -2.2% | 0.86% | −0.08 |
| LIN Linde PLC | Reduce -9.2% | 0.21% | −0.06 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -2.9% | 0.89% | −0.06 |
| NEE Nextera Energy Inc. | Reduce -14.6% | 0.13% | −0.05 |
| ADBE Adobe Inc. | Reduce -1.8% | 0.23% | −0.05 |
| KO The Coca-Cola Co. | Reduce -6.1% | 0.19% | −0.05 |
| PXH Inves Rafi Emer MRKT-Usd Inc. | Reduce -30.9% | 0.08% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.05 |
| HIW Highwoods Properties Inc. | Reduce -1.9% | 0.30% | −0.05 |
| INFY Infosys Ltd.-SP ADR | Reduce -1.8% | 0.57% | −0.04 |
| SITC Site Centers Corp. | Reduce -97.9% | 0.00% | −0.04 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -12.6% | 0.29% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.20% | −0.04 |
| MELI MercadoLibre Inc. | Reduce -14.6% | 0.07% | −0.03 |
| NXPI NXP Semiconductors NV | Reduce -22.8% | 0.06% | −0.03 |
| EBIZ Global X E-Commerce ETF | Reduce -24.9% | 0.08% | −0.03 |
| INTC Intel Corp. | Reduce -3.7% | 0.11% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -4.7% | 0.12% | −0.03 |
| DOW Dow Inc. | Reduce -42.6% | 0.02% | −0.03 |
| SOCL Global X Social Media ETF | Reduce -21.5% | 0.07% | −0.02 |
| AGNG GLB X Aging Population ETF | Reduce -16.7% | 0.07% | −0.02 |
| XYL Xylem Inc. | Reduce -27.7% | 0.04% | −0.02 |
| ILMN Illumina Inc. | Reduce -50.3% | 0.02% | −0.02 |
| AAON Aaon Inc. | Reduce -44.8% | 0.03% | −0.02 |
| PFE Pfizer Inc. | Reduce -7.5% | 0.09% | −0.02 |
| WCN Waste Connections Inc. | Reduce -20.2% | 0.05% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -22.2% | 0.08% | −0.02 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -57.0% | 0.01% | −0.02 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +14.4% | 4.02% | +0.73 |
| AMT American Tower Corp. | Add +456.9% | 0.93% | +0.71 |
| AMZN Amazon.com Inc. | Add +12.7% | 3.03% | +0.66 |
| AAPL Apple Inc. | Add +13.5% | 4.35% | +0.66 |
| AVGO Broadcom Inc. | Add +1.1% | 2.21% | +0.53 |
| GOOGL Alphabet Inc. Class A | Add +14.2% | 2.10% | +0.43 |
| NFLX Netflix Inc. | Add +9.1% | 1.65% | +0.40 |
| NOW ServiceNow Inc. | Add +19.2% | 1.40% | +0.37 |
| MSFT Microsoft Corp. | Add +15.3% | 3.88% | +0.32 |
| EGP Eastgroup Properties Inc. | Add +210.6% | 0.51% | +0.31 |
| TSLA Tesla Inc. | Add +2.2% | 0.91% | +0.31 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +10.2% | 1.28% | +0.29 |
| WY Weyerhaeuser Co. | Add +122.3% | 0.62% | +0.27 |
| META Meta Platforms Inc. Class A | Add +13.0% | 2.29% | +0.24 |
| LAMR Lamar Advertising Co. Class A | Add +108.3% | 0.50% | +0.23 |
| AVB Avalonbay Communities Inc. | Add +51.7% | 0.55% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +10.0% | 0.83% | +0.14 |
| HST Host Hotels & Resorts Inc. | Add +16.6% | 1.25% | +0.13 |
| LINE Lineage Inc. | Add +130.2% | 0.28% | +0.11 |
| SHW The Sherwin-Williams Co. | Add +259.6% | 0.16% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | Add +49.6% | 0.16% | +0.11 |
| SUI Sun Communities Inc. | Add +23.3% | 1.30% | +0.10 |
| LRCX Lam Research Corp. | New | 0.10% | +0.10 |
| OHI Omega Healthcare Investors | Add +22.6% | 0.83% | +0.07 |
| APP AppLovin Corp. Class A | Add +2.9% | 0.12% | +0.07 |
| V Visa Inc. Class A | Add +6.1% | 0.46% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +4.5% | 0.49% | +0.06 |
| BKNG Booking Holdings Inc. | Add +26.9% | 0.19% | +0.06 |
| CURB Curbline Properties Corp. | Add +35.6% | 0.21% | +0.05 |
| SPOT Spotify Technology SA | New | 0.04% | +0.04 |
| MA Mastercard Inc. Class A | Add +11.4% | 0.32% | +0.04 |
| SNOW Snowflake Inc. | Add +186.6% | 0.05% | +0.04 |
| CSCO Cisco Systems Inc. | Add +6.7% | 0.29% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +155.3% | 0.05% | +0.03 |
| BA The Boeing Co. | Add +15.1% | 0.14% | +0.03 |
| AXON Axon Enterprise Inc. | Add +84.0% | 0.05% | +0.03 |
| MCK McKesson Corp. | Add +59.6% | 0.07% | +0.03 |
| WMT Walmart Inc. | Add +2.6% | 0.30% | +0.03 |
| WFC Wells Fargo & Co. | Add +5.0% | 0.14% | +0.03 |
| ABNB Airbnb Inc. Class A | Add +47.4% | 0.09% | +0.03 |
| RDDT Reddit Inc. Class A | Add +2858.8% | 0.03% | +0.03 |
| GILD Gilead Sciences Inc. | Add +13.0% | 0.14% | +0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Add +34.3% | 0.10% | +0.02 |
| TT Trane Technologies PLC | Add +27.6% | 0.16% | +0.02 |
| APO Apollo Global Management Inc. | Add +80.8% | 0.04% | +0.02 |
| EMR Emerson Electric Co. | Add +26.5% | 0.08% | +0.02 |
| MSTR Strategy Inc. | Add +83.7% | 0.03% | +0.02 |
| MRVL Marvell Technology Inc. | Add +1.4% | 0.07% | +0.02 |
| DIS The Walt Disney Co. | Add +3.9% | 0.16% | +0.02 |
| C Citigroup Inc. | Add +21.4% | 0.09% | +0.02 |
Notes & Other Activity Q3 2024 → Q4 2024
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -31.8% | 15,000,000 | $37.7M |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Reduce -30.0% | 7,000,000 | $32.5M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Reduce -25.0% | 25,110,000 | $24.5M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | New | 11,000,000 | $17.1M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Sold out | 13,000,000 | $14.4Mbefore exit |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | Reduce -25.1% | 9,035,000 | $13.4M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Sold out | 10,000,000 | $13.1Mbefore exit |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -23.3% | 11,500,000 | $11.8M |
| QQQ Invesco QQQ Trust Series 1 | UNIT SER 1 · principal | Sold out | 18,460 | $9.0Mbefore exit |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | New | 10,000,000 | $8.6M |
| IVV iShares Core S&P 500 ETF | CORE S&P500 ETF · principal | Sold out | 14,720 | $8.5Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | Sold out | 8,000,000 | $8.0Mbefore exit |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | New | 5,000,000 | $7.8M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | New | 5,000,000 | $6.7M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | New | 150,000 | $6.2M |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | Sold out | 6,000,000 | $5.7Mbefore exit |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | Sold out | 4,000,000 | $4.9Mbefore exit |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | New | 5,000,000 | $4.3M |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | New | 2,000,000 | $4.1M |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | New | 4,749,000 | $4.1M |
| BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) | NOTE 8.500% 8/1 · principal | Reduce -66.7% | 1,000,000 | $2.7M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | New | 2,500,000 | $2.3M |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | Sold out | 2,500,000 | $2.3Mbefore exit |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | Sold out | 3,500,000 | $1.9Mbefore exit |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | New | 1,899,000 | $1.8M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 1,786,000 | $1.6M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Reduce -75.0% | 2,000,000 | $829K |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | Sold out | 833,000 | $808Kbefore exit |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Reduce -51.2% | 2,048 | $100K |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Reduce -52.5% | 1,627 | $98K |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Reduce -41.7% | 2,801 | $69K |
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 | 1,113 | $44.1B | NVDA, MSFT, AAPL, GOOGL, AVGO |
| Q1 2026 | 1,094 | $34.5B | NVDA, MSFT, AAPL, GOOGL, AVGO |
| Q4 2025 | 1,322 | $30.8B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q3 2025 | 1,318 | $29.5B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 1,286 | $27.0B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,266 | $23.6B | AAPL, MSFT, NVDA, WELL, AMZN |
| Q4 2024 | 1,259 | $22.2B | AAPL, NVDA, MSFT, WELL, DLR |
| Q3 2024 | 1,259 | $21.4B | WELL, AAPL, DLR, MSFT, PLD |
| Q2 2024 | 1,296 | $18.5B | PLD, WELL, DLR, MSFT, AAPL |
| Q1 2024 | 1,294 | $17.4B | PLD, WELL, SPG, DLR, MSFT |