Daiwa Securities Group Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Daiwa Securities Group Inc. reported 1,318 stock positions worth $29.5 billion. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Microsoft (MSFT, 5.1%) and Apple (AAPL, 5.0%). Compared with Q2 2025, it opened 83 new positions, sold out of 51, added to 652 and reduced 367. The biggest buy was Apple (AAPL, shares +3%) and the biggest sale Sun Communities (SUI, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- CHIYODA-KU,TOKYO, M0
- CIK
- 0001481045
- Portfolio Value
- $29.5B (Q3 2025)
- SEC Filing
- 0001481045-25-000010 ↗ filed Nov 14, 2025
Holdings Value
Holdings 1,318 stocks · $29.5B
| NVDA Nvidia Corp. | 5.70% | 9,006,249 | $1.7B | Add +5.0% |
| MSFT Microsoft Corp. | 5.07% | 2,888,201 | $1.5B | Add +8.4% |
| AAPL Apple Inc. | 5.02% | 5,818,934 | $1.5B | Add +3.1% |
| AMZN Amazon.com Inc. | 3.59% | 4,815,760 | $1.1B | Add +10.7% |
| AVGO Broadcom Inc. | 3.16% | 2,827,024 | $932.7M | Reduce -4.0% |
| META Meta Platforms Inc. Class A | 3.16% | 1,268,047 | $931.2M | Add +8.2% |
| GOOGL Alphabet Inc. Class A | 3.03% | 3,672,502 | $892.8M | Reduce -6.3% |
| WELL Welltower Inc. | 2.96% | 4,907,438 | $874.2M | Reduce -8.3% |
| NFLX Netflix Inc. | 2.48% | 609,984 | $731.3M | Add +18.3% |
| DLR Digital Realty Trust Inc. | 2.41% | 4,116,711 | $711.7M | Reduce -0.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 2.37% | 1,426,641 | $699.6M | Add +33.5% |
| NOW ServiceNow Inc. | 2.12% | 678,415 | $624.3M | Add +28.2% |
| PLD Prologis Inc. | 2.06% | 5,309,929 | $608.1M | Reduce -8.7% |
| INVH Invitation Homes Inc. | 1.44% | 14,487,603 | $424.9M | Add +8.8% |
| CPTL GBL X MRST CP Alc LDR ETF-Ui | 1.33% | 9,075,791 | $391.6M | Reduce -25.5% |
| CCI Crown Castle Inc. | 1.29% | 3,931,258 | $379.3M | Add +42.3% |
| EQIX Equinix Inc. | 1.26% | 476,169 | $373.0M | Reduce -0.8% |
| EXR Extra Space Storage Inc. | 1.24% | 2,590,092 | $365.0M | Reduce -2.6% |
| SPG Simon Property Group Inc. | 1.18% | 1,861,546 | $349.4M | Reduce -9.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.09% | 3,151,088 | $321.2M | Add +6.6% |
| ESS Essex Property Trust Inc. | 1.05% | 1,157,617 | $309.8M | Add +9.5% |
| TSLA Tesla Inc. | 0.92% | 613,287 | $272.7M | Add +5.8% |
| GOOG Alphabet Inc. Class C | 0.92% | 1,110,719 | $270.5M | Add +2.3% |
| KIM Kimco Realty Corp. | 0.90% | 12,195,113 | $266.5M | Add +0.5% |
| HST Host Hotels & Resorts Inc. | 0.83% | 14,344,979 | $244.2M | Reduce -15.6% |
| O Realty Income Corp. | 0.82% | 3,970,350 | $241.4M | Add +0.4% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.79% | 1,805,115 | $232.9M | Reduce -35.0% |
| PSA Public Storage | 0.71% | 727,662 | $210.2M | Reduce -18.0% |
| UDR Udr Inc. | 0.70% | 5,518,629 | $205.6M | Add +5.7% |
| HR Healthcare Realty Trust Inc. | 0.65% | 10,699,585 | $192.9M | Reduce -12.9% |
| ELS Equity Lifestyle Properties | 0.65% | 3,147,048 | $191.0M | Add +253.7% |
| IBN Icici Bank Ltd.-Spon ADR | 0.62% | 4,646,329 | $184.2M | Reduce -26.7% |
| LAMR Lamar Advertising Co. Class A | 0.61% | 1,478,299 | $181.0M | Add +13.8% |
| ADC Agree Realty Corp. | 0.57% | 2,362,396 | $167.8M | Add +0.7% |
| JPM JPMorgan Chase & Co. | 0.56% | 522,880 | $164.9M | Add +1.9% |
| KRC Kilroy Realty Corp. | 0.51% | 3,578,185 | $151.2M | Add +0.4% |
| BXP BXP Inc. | 0.51% | 2,012,057 | $149.6M | Add +76.8% |
| IVV iShares Core S&P 500 ETF | 0.51% | 223,024 | $149.3M | Reduce -16.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.50% | 4,564,171 | $148.8M | Add +2.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.46% | 223,589 | $134.2M | Reduce -26.9% |
| WY Weyerhaeuser Co. | 0.45% | 5,318,817 | $131.9M | Reduce -9.4% |
| OHI Omega Healthcare Investors | 0.44% | 3,058,031 | $129.1M | Add +84.6% |
| V Visa Inc. Class A | 0.43% | 373,515 | $127.5M | Add +2.8% |
| COST Costco Wholesale Corp. | 0.43% | 137,130 | $126.9M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 247,862 | $124.6M | Add +5.2% |
| EGP Eastgroup Properties Inc. | 0.41% | 711,537 | $120.4M | Add +0.5% |
| VTR Ventas Inc. | 0.39% | 1,630,141 | $114.1M | Add +74.1% |
| CTRE Caretrust REIT Inc. | 0.38% | 3,238,307 | $112.3M | Add +114.4% |
| PLTR Palantir Technologies Inc. Class A | 0.37% | 604,616 | $110.3M | Add +13.9% |
| GS Goldman Sachs Group Inc. | 0.35% | 130,602 | $104.0M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.34% | 539,673 | $100.1M | Add +7.4% |
| HD Home Depot Inc. | 0.33% | 243,517 | $98.7M | Reduce -0.9% |
| LLY Eli Lilly & Co. | 0.33% | 128,967 | $98.4M | Reduce -3.2% |
| MA Mastercard Inc. Class A | 0.32% | 165,088 | $93.9M | Add +9.9% |
| INFY Infosys Ltd.-SP ADR | 0.29% | 3,791,116 | $87.0M | Reduce -31.2% |
| ORCL Oracle Corp. | 0.29% | 303,522 | $85.4M | Add +14.7% |
| XOM Exxon Mobil Corp. | 0.29% | 754,405 | $85.1M | Add +5.7% |
| WMT Walmart Inc. | 0.28% | 813,796 | $83.9M | Add +0.5% |
| CSCO Cisco Systems Inc. | 0.28% | 1,215,933 | $83.2M | Add +5.1% |
| RHP Ryman Hospitality Properties | 0.27% | 890,190 | $79.8M | Reduce -1.0% |
| CAT Caterpillar Inc. | 0.27% | 166,167 | $79.3M | Add +2.4% |
| UNH Unitedhealth Group Inc. | 0.27% | 226,674 | $78.3M | Add +1.2% |
| ABBV Abbvie Inc. | 0.26% | 336,622 | $77.9M | Add +7.8% |
| AMD Advanced Micro Devices | 0.26% | 476,488 | $77.1M | Add +7.3% |
| PG The Procter & Gamble Co. | 0.24% | 459,525 | $70.6M | Reduce -0.6% |
| HIW Highwoods Properties Inc. | 0.24% | 2,205,348 | $70.2M | Add +0.7% |
| AMGN Amgen Inc. | 0.23% | 235,493 | $66.5M | Add +2.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 231,664 | $65.4M | Reduce -5.3% |
| APP AppLovin Corp. Class A | 0.21% | 87,738 | $63.0M | Add +18.9% |
| CURB Curbline Properties Corp. | 0.21% | 2,778,716 | $62.0M | Add +25.4% |
| PM Philip Morris International | 0.21% | 381,216 | $61.8M | Add +10.7% |
| LIN Linde PLC | 0.21% | 128,352 | $61.0M | Add +6.7% |
| CVX Chevron Corp. | 0.20% | 389,258 | $60.4M | Add +17.7% |
| CRM Salesforce Inc. | 0.20% | 254,067 | $60.2M | Reduce -8.5% |
| MCD McDonald's Corp. | 0.20% | 197,154 | $59.9M | Add +2.1% |
| ADBE Adobe Inc. | 0.20% | 168,989 | $59.6M | Add +15.2% |
| INTU Intuit Inc. | 0.20% | 86,617 | $59.2M | Add +5.2% |
| BKNG Booking Holdings Inc. | 0.20% | 10,879 | $58.7M | Add +6.7% |
| MU Micron Technology Inc. | 0.20% | 348,289 | $58.3M | Add +17.6% |
| QCOM Qualcomm Inc. | 0.20% | 346,171 | $57.6M | Add +3.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 1,111,872 | $57.4M | Add +5.3% |
| AXP American Express Co. | 0.19% | 171,281 | $56.9M | Reduce -3.2% |
| PEP Pepsico Inc. | 0.18% | 382,766 | $53.8M | Add +3.1% |
| GE General Electric filed as GE AEROSPACE | 0.18% | 176,675 | $53.1M | Reduce -1.4% |
| INTC Intel Corp. | 0.18% | 1,576,016 | $52.9M | Add +16.1% |
| KO The Coca-Cola Co. | 0.18% | 788,057 | $52.3M | Add +5.3% |
| T AT&T Inc. | 0.17% | 1,745,985 | $49.3M | Add +11.3% |
| HON Honeywell International Inc. | 0.17% | 233,756 | $49.2M | Add +3.0% |
| ISRG Intuitive Surgical Inc. | 0.16% | 107,029 | $47.9M | Add +12.1% |
| MRK Merck & Co. Inc. | 0.16% | 565,237 | $47.4M | Add +1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.16% | 409,908 | $46.9M | Add +5.8% |
| VZ Verizon Communications Inc. | 0.16% | 1,054,679 | $46.4M | Add +11.2% |
| UBER Uber Technologies Inc. | 0.16% | 470,643 | $46.1M | Reduce -0.6% |
| LRCX Lam Research Corp. | 0.16% | 342,616 | $45.9M | Add +15.0% |
| TT Trane Technologies PLC | 0.15% | 105,534 | $44.5M | Reduce -0.8% |
| TMUS T-Mobile US Inc. | 0.15% | 185,385 | $44.4M | Add +7.1% |
| BA The Boeing Co. | 0.15% | 204,633 | $44.2M | Add +5.0% |
| TXN Texas Instruments Inc. | 0.15% | 235,510 | $43.3M | Add +4.5% |
| ADI Analog Devices Inc. | 0.15% | 176,073 | $43.3M | Add +38.1% |
| GEV GE Vernova Inc. | 0.14% | 69,535 | $42.8M | Add +10.5% |
Other holdings (15): bonds, preferreds, convertibles and warrants · $140.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 35,000,000 | $44.0M | Add +366.7% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 25,000,000 | $24.7M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 15,000,000 | $18.4M | Add +20.0% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 12,800,000 | $12.4M | Reduce -14.7% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 7,500,000 | $8.0M | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 8,000,000 | $7.4M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 7,000,000 | $7.2M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 5,000,000 | $4.9M | Reduce -45.0% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 5,000,000 | $4.8M | Reduce -33.3% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 4,750,000 | $4.5M | New |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 2,500,000 | $2.5M | Reduce -66.7% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 1,862,000 | $1.5M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 21,704 | $439K | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 4,000 | $101K | No change |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 2,048 | $98K | No change |
Total filed on the 13F, all lines: $29.6B.
Portfolio Sells Q2 2025 → Q3 2025
| SUI Sun Communities Inc. | Reduce -35.0% | 0.79% | −0.51 |
| CPTL GBL X MRST CP Alc LDR ETF-Ui | Reduce -25.5% | 1.33% | −0.49 |
| SBAC SBA Communications Corp. | Reduce -95.8% | 0.01% | −0.44 |
| MAA Mid-America Apartment Comm | Reduce -74.0% | 0.09% | −0.31 |
| DLR Digital Realty Trust Inc. | Reduce -0.3% | 2.41% | −0.25 |
| PSA Public Storage | Reduce -18.0% | 0.71% | −0.25 |
| EXR Extra Space Storage Inc. | Reduce -2.6% | 1.24% | −0.21 |
| PLD Prologis Inc. | Reduce -8.7% | 2.06% | −0.20 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -26.9% | 0.46% | −0.17 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -26.7% | 0.62% | −0.17 |
| EQIX Equinix Inc. | Reduce -0.8% | 1.26% | −0.15 |
| HST Host Hotels & Resorts Inc. | Reduce -15.6% | 0.83% | −0.14 |
| COLD Americold Realty Trust Inc. | Reduce -26.9% | 0.13% | −0.13 |
| LINE Lineage Inc. | Reduce -96.3% | 0.00% | −0.12 |
| WY Weyerhaeuser Co. | Reduce -9.4% | 0.45% | −0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -16.3% | 0.51% | −0.11 |
| INFY Infosys Ltd.-SP ADR | Reduce -31.2% | 0.29% | −0.08 |
| WELL Welltower Inc. | Reduce -8.3% | 2.96% | −0.08 |
| CRM Salesforce Inc. | Reduce -8.5% | 0.20% | −0.08 |
| HR Healthcare Realty Trust Inc. | Reduce -12.9% | 0.65% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -63.0% | 0.03% | −0.06 |
| RHP Ryman Hospitality Properties | Reduce -1.0% | 0.27% | −0.06 |
| SPOT Spotify Technology SA | Reduce -45.9% | 0.05% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -3.2% | 0.33% | −0.05 |
| EBIZ Global X E-Commerce ETF | Reduce -89.5% | 0.01% | −0.05 |
| MELI MercadoLibre Inc. | Reduce -20.6% | 0.09% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -5.3% | 0.22% | −0.05 |
| VMRK Vivmark Residential | Reduce -44.0% | 0.04% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -11.3% | 0.09% | −0.04 |
| SPG Simon Property Group Inc. | Reduce -9.1% | 1.18% | −0.03 |
| MSTR Strategy Inc. | Reduce -19.8% | 0.05% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.24% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -11.6% | 0.11% | −0.03 |
| FTNT Fortinet Inc. | Reduce -8.1% | 0.06% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -2.5% | 0.10% | −0.03 |
| FICO Fair Isaac Corp. | Reduce -42.2% | 0.02% | −0.03 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.03 |
| MSCI MSCI Inc. | Reduce -42.5% | 0.03% | −0.02 |
| EMR Emerson Electric Co. | Reduce -14.7% | 0.08% | −0.02 |
| HES Hess Corp. | Sold out | 0.00% | −0.02 |
| TT Trane Technologies PLC | Reduce -0.8% | 0.15% | −0.02 |
| CYBR Cyberark Software Ltd./Israel | Reduce -74.8% | 0.01% | −0.02 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -67.3% | 0.01% | −0.02 |
| SNOW Snowflake Inc. | Reduce -26.5% | 0.04% | −0.02 |
| TOST Toast Inc. Class A | Reduce -36.3% | 0.02% | −0.02 |
| EPRT Essential Properties Realty | Reduce -63.0% | 0.01% | −0.02 |
| ILMN Illumina Inc. | Reduce -69.9% | 0.01% | −0.02 |
| ALV Autoliv Inc. | Reduce -47.4% | 0.02% | −0.02 |
| CSX CSX Corp. | Reduce -18.9% | 0.07% | −0.02 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +3.1% | 5.02% | +0.74 |
| NVDA Nvidia Corp. | Add +5.0% | 5.70% | +0.68 |
| ELS Equity Lifestyle Properties | Add +253.7% | 0.65% | +0.44 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +33.5% | 2.37% | +0.36 |
| TSLA Tesla Inc. | Add +5.8% | 0.92% | +0.24 |
| CCI Crown Castle Inc. | Add +42.3% | 1.29% | +0.23 |
| BXP BXP Inc. | Add +76.8% | 0.51% | +0.22 |
| OHI Omega Healthcare Investors | Add +84.6% | 0.44% | +0.21 |
| CTRE Caretrust REIT Inc. | Add +114.4% | 0.38% | +0.21 |
| GOOG Alphabet Inc. Class C | Add +2.3% | 0.92% | +0.20 |
| VTR Ventas Inc. | Add +74.1% | 0.39% | +0.17 |
| MSFT Microsoft Corp. | Add +8.4% | 5.07% | +0.17 |
| APP AppLovin Corp. Class A | Add +18.9% | 0.21% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | Add +13.9% | 0.37% | +0.11 |
| NOW ServiceNow Inc. | Add +28.2% | 2.12% | +0.10 |
| ORCL Oracle Corp. | Add +14.7% | 0.29% | +0.08 |
| INTC Intel Corp. | Add +16.1% | 0.18% | +0.07 |
| MU Micron Technology Inc. | Add +17.6% | 0.20% | +0.06 |
| KRC Kilroy Realty Corp. | Add +0.4% | 0.51% | +0.06 |
| JNJ Johnson & Johnson | Add +7.4% | 0.34% | +0.06 |
| AMZN Amazon.com Inc. | Add +10.7% | 3.59% | +0.05 |
| HOOD Robinhood Markets Inc. Class A | Add +135.2% | 0.07% | +0.05 |
| ABBV Abbvie Inc. | Add +7.8% | 0.26% | +0.05 |
| LRCX Lam Research Corp. | Add +15.0% | 0.16% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +72.6% | 0.09% | +0.04 |
| SNPS Synopsys Inc. | Add +74.2% | 0.13% | +0.04 |
| EXP Eagle Materials Inc. | New | 0.04% | +0.04 |
| CGNX Cognex Corp. | New | 0.04% | +0.04 |
| HERO Global X Video Games& Esport | Add +1176.1% | 0.04% | +0.04 |
| KTOS Kratos Defense & Security | Add +31.6% | 0.07% | +0.04 |
| ANET Arista Networks Inc. | Add +16.6% | 0.11% | +0.04 |
| CAT Caterpillar Inc. | Add +2.4% | 0.27% | +0.04 |
| ADI Analog Devices Inc. | Add +38.1% | 0.15% | +0.03 |
| PXH Inves Rafi Emer MRKT-Usd Inc. | Add +42.8% | 0.12% | +0.03 |
| APH Amphenol Corp. Class A | Add +20.6% | 0.11% | +0.03 |
| CVX Chevron Corp. | Add +17.7% | 0.20% | +0.03 |
| LAMR Lamar Advertising Co. Class A | Add +13.8% | 0.61% | +0.03 |
| AMD Advanced Micro Devices | Add +7.3% | 0.26% | +0.03 |
| NTST Netstreit Corp. | Add +1584.4% | 0.03% | +0.03 |
| NEM Newmont Corp. | Add +28.9% | 0.06% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +41.1% | 0.08% | +0.03 |
| MO Altria Group Inc. | Add +24.5% | 0.11% | +0.03 |
| KLAC KLA Corp. | Add +9.5% | 0.14% | +0.02 |
| CURB Curbline Properties Corp. | Add +25.4% | 0.21% | +0.02 |
| IRT Independence Realty Trust Inc. | Add +483.8% | 0.03% | +0.02 |
| GEV GE Vernova Inc. | Add +10.5% | 0.14% | +0.02 |
| AME Ametek Inc. | Add +52.4% | 0.07% | +0.02 |
| WBD Warner Bros Discovery Inc. | Add +5.3% | 0.05% | +0.02 |
| KRMN Karman Holdings Inc. | Add +31.6% | 0.04% | +0.02 |
| URI United Rentals Inc. | Add +10.3% | 0.08% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +366.7% | 35,000,000 | $44.0M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | New | 25,000,000 | $24.7M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Add +20.0% | 15,000,000 | $18.4M |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | Reduce -14.7% | 12,800,000 | $12.4M |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 9,125,000 | $8.8Mbefore exit |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | New | 8,000,000 | $7.4M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | New | 7,000,000 | $7.2M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 5,000,000 | $5.0Mbefore exit |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | Sold out | 5,000,000 | $5.0Mbefore exit |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Reduce -45.0% | 5,000,000 | $4.9M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Reduce -33.3% | 5,000,000 | $4.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | New | 4,750,000 | $4.5M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 100,000 | $4.0Mbefore exit |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | Reduce -66.7% | 2,500,000 | $2.5M |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | New | 1,862,000 | $1.5M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Sold out | 1,342,000 | $1.2Mbefore 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 | 1,113 | $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 |