Dnca Finance
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Dnca Finance reported 95 stock positions worth $1.2 billion. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 8.2% of the portfolio, followed by Visa Class A (V, 5.5%) and CRH (CRH, 5.1%). Compared with Q4 2024, it opened 8 new positions, sold out of 11, added to 32 and reduced 47. The biggest buy was Ferrari (RACE, shares +31%) and the biggest sale Flutter Entertainment PLC-Di (FLUT, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001752759
- Portfolio Value
- $1.2B (Q1 2025)
- SEC Filing
- 0001104659-25-048505 ↗ filed May 14, 2025
Holdings Value
Holdings 95 stocks · $1.2B
| FLUT Flutter Entertainment PLC-Di | 8.16% | 432,945 | $94.7M | Reduce -11.8% |
| V Visa Inc. Class A | 5.52% | 182,764 | $64.1M | Reduce -8.4% |
| CRH CRH PLC | 5.08% | 661,588 | $58.9M | Reduce -13.4% |
| RACE Ferrari NV | 4.82% | 132,107 | $56.0M | Add +31.1% |
| META Meta Platforms Inc. Class A | 4.39% | 88,413 | $51.0M | Add +8.8% |
| MSFT Microsoft Corp. | 4.11% | 127,226 | $47.8M | Reduce -9.7% |
| NVDA Nvidia Corp. | 3.63% | 388,495 | $42.1M | Add +4.4% |
| LIN Linde PLC | 3.06% | 76,260 | $35.5M | Reduce -5.4% |
| WMT Walmart Inc. | 2.67% | 353,520 | $31.0M | Add +52.2% |
| DE Deere & Co. | 2.60% | 64,350 | $30.2M | Reduce -5.8% |
| AAPL Apple Inc. | 2.58% | 134,800 | $29.9M | Reduce 0.0% |
| NFLX Netflix Inc. | 2.26% | 28,110 | $26.2M | Add +73.8% |
| AMZN Amazon.com Inc. | 2.19% | 133,376 | $25.4M | Add +11.1% |
| T AT&T Inc. | 2.06% | 846,630 | $23.9M | Add +18.1% |
| GOOGL Alphabet Inc. Class A | 2.05% | 154,076 | $23.8M | Add +8.4% |
| AVGO Broadcom Inc. | 1.85% | 128,205 | $21.5M | Add +5.2% |
| QGEN Qiagen NV | 1.80% | 526,725 | $20.9M | Reduce -3.9% |
| JPM JPMorgan Chase & Co. | 1.76% | 83,471 | $20.5M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 1.60% | 33,850 | $18.6M | Add +13.2% |
| GS Goldman Sachs Group Inc. | 1.53% | 32,500 | $17.8M | Add +19.7% |
| PANW Palo Alto Networks Inc. | 1.51% | 102,800 | $17.5M | Add +3.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.46% | 101,810 | $16.9M | Reduce -37.9% |
| SNPS Synopsys Inc. | 1.43% | 38,800 | $16.6M | Reduce -9.8% |
| HD Home Depot Inc. | 1.26% | 40,000 | $14.7M | Add +6.7% |
| BABA Alibaba Group Holding-SP ADR | 1.19% | 104,580 | $13.8M | New |
| TT Trane Technologies PLC | 1.16% | 40,000 | $13.5M | No change |
| DHR Danaher Corp. | 1.02% | 57,500 | $11.8M | Reduce -9.4% |
| XYL Xylem Inc. | 0.99% | 96,000 | $11.5M | Add +4.9% |
| TMO Thermo Fisher Scientific Inc. | 0.98% | 22,950 | $11.4M | Reduce -13.7% |
| KO The Coca-Cola Co. | 0.97% | 157,482 | $11.3M | New |
| ZTS Zoetis Inc. | 0.96% | 67,800 | $11.2M | Reduce -0.3% |
| MELI MercadoLibre Inc. | 0.89% | 5,309 | $10.4M | Add +105.8% |
| ORCL Oracle Corp. | 0.87% | 71,950 | $10.1M | Reduce -29.6% |
| DHI D.R. Horton Inc. | 0.85% | 77,500 | $9.9M | Add +133.4% |
| VEEV Veeva Systems Inc. Class A | 0.85% | 42,400 | $9.8M | Add +20.1% |
| NEE Nextera Energy Inc. | 0.81% | 131,850 | $9.3M | Reduce -16.8% |
| FISV Fiserv Inc. | 0.80% | 41,850 | $9.2M | Reduce -9.5% |
| STLA Stellantis NV | 0.79% | 827,232 | $9.2M | Add +9.0% |
| DOLE Dole PLC | 0.78% | 629,370 | $9.1M | No change |
| SPOT Spotify Technology SA | 0.77% | 16,159 | $8.9M | Reduce -28.2% |
| KR Kroger Co. | 0.73% | 125,000 | $8.5M | New |
| MMM 3M Co. | 0.70% | 55,000 | $8.1M | New |
| SYK Stryker Corp. | 0.66% | 20,650 | $7.7M | Reduce -3.3% |
| BKNG Booking Holdings Inc. | 0.65% | 1,650 | $7.6M | Add +50.0% |
| MDT Medtronic PLC | 0.63% | 81,550 | $7.3M | Reduce -42.5% |
| WAB Wabtec Corp. | 0.63% | 40,400 | $7.3M | Reduce -4.9% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.63% | 94,100 | $7.3M | Reduce -7.6% |
| LLY Eli Lilly & Co. | 0.58% | 8,200 | $6.8M | Reduce -10.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.55% | 18,200 | $6.4M | Add +0.6% |
| ADBE Adobe Inc. | 0.55% | 16,500 | $6.3M | Add +3.1% |
| JCI Johnson Controls Internation | 0.54% | 77,900 | $6.2M | Add +47.0% |
| WM Waste Management Inc. | 0.54% | 26,900 | $6.2M | Reduce -3.9% |
| CRM Salesforce Inc. | 0.49% | 21,100 | $5.7M | Reduce -38.1% |
| ROP Roper Technologies Inc. | 0.48% | 9,550 | $5.6M | New |
| NDAQ Nasdaq Inc. | 0.45% | 68,100 | $5.2M | Add +3.0% |
| ADI Analog Devices Inc. | 0.44% | 25,400 | $5.1M | Reduce -39.1% |
| ISRG Intuitive Surgical Inc. | 0.42% | 9,950 | $4.9M | Add +3.1% |
| NOW ServiceNow Inc. | 0.42% | 6,100 | $4.9M | Reduce -37.8% |
| FSLR First Solar Inc. | 0.40% | 36,500 | $4.6M | Reduce -0.4% |
| VRT Vertiv Holdings Co. Class A | 0.38% | 60,500 | $4.4M | Add +53.2% |
| ENPH Enphase Energy Inc. | 0.37% | 70,000 | $4.3M | Reduce -2.8% |
| VLTO Veralto Corp. | 0.37% | 44,500 | $4.3M | Reduce -7.3% |
| INTU Intuit Inc. | 0.36% | 6,800 | $4.2M | Reduce -38.7% |
| MU Micron Technology Inc. | 0.34% | 46,000 | $4.0M | Reduce -13.2% |
| ANET Arista Networks Inc. | 0.34% | 50,500 | $3.9M | New |
| ANSS Ansys Inc. | 0.33% | 12,050 | $3.8M | Add +3.0% |
| ADSK Autodesk Inc. | 0.31% | 13,650 | $3.6M | Add +3.0% |
| ACN Accenture PLC Class A | 0.31% | 11,450 | $3.6M | Reduce -23.7% |
| AMD Advanced Micro Devices | 0.29% | 32,800 | $3.4M | Add +3.1% |
| TAL Tal Education Group- ADR | 0.28% | 245,875 | $3.2M | Reduce -52.0% |
| TOST Toast Inc. Class A | 0.26% | 92,450 | $3.1M | Reduce -33.7% |
| UBER Uber Technologies Inc. | 0.26% | 41,400 | $3.0M | Reduce -53.9% |
| SNOW Snowflake Inc. | 0.26% | 20,300 | $3.0M | Reduce -25.8% |
| PCOR Procore Technologies Inc. | 0.24% | 42,400 | $2.8M | Add +5.5% |
| DDOG Datadog Inc. Class A | 0.24% | 28,200 | $2.8M | Reduce -22.9% |
| HDB HDFC Bank Ltd.-ADR | 0.23% | 40,800 | $2.7M | Reduce -47.7% |
| ARRY Array Technologies Inc. | 0.12% | 280,500 | $1.4M | No change |
| HSAI Hesai Group | 0.06% | 50,000 | $740K | New |
| JKS Jinkosolar Holding Co.-ADR | 0.03% | 18,000 | $336K | New |
| SKX Skechers USA Inc. Class A | 0.01% | 1,870 | $106K | Reduce -13.3% |
| EA Electronic Arts Inc. | 0.01% | 691 | $100K | Add +18.5% |
| MSGS Madison Square Garden Sports | 0.01% | 463 | $90K | Reduce -12.0% |
| LULU Lululemon Athletica Inc. | 0.01% | 301 | $85K | Add +52.0% |
| FWONK Liberty Media Corp. Class C | 0.01% | 872 | $78K | No change |
| MTN Vail Resorts Inc. | 0.01% | 466 | $75K | Reduce -20.1% |
| DECK Deckers Outdoor Corp. | 0.01% | 662 | $74K | Add +123.7% |
| PLNT Planet Fitness Inc. Class A | 0.01% | 736 | $71K | No change |
| DKS Dick's Sporting Goods Inc. | 0.01% | 335 | $68K | Reduce -17.7% |
| COLM Columbia Sportswear Co. | 0.01% | 865 | $65K | No change |
| VFC VF Corp. | 0.01% | 3,841 | $60K | Reduce -15.9% |
| CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP | 0.01% | 8,761 | $58K | No change |
| XPOF Xponential Fitness Inc. Class A | 0.00% | 5,966 | $50K | Reduce -6.7% |
| DOO BRP Inc./Ca- Sub Voting | 0.00% | 1,390 | $47K | No change |
| LTH Life Time Group Holdings Inc. | 0.00% | 1,448 | $44K | Reduce -62.2% |
| MANU Manchester United PLC Class A | 0.00% | 2,258 | $30K | Reduce -30.8% |
Other holdings (40): bonds, preferreds, convertibles and warrants · $42.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 8,200,000 | $7.8M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 6,050,000 | $5.8M | Add +157.4% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 3,850,000 | $3.8M | Add +1000.0% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 1,150,000 | $1.4M | Reduce -36.1% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 1,450,000 | $1.4M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 1,120,000 | $1.3M | Add +180.0% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 1,380,000 | $1.2M | Reduce -17.9% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 900,000 | $904K | Add +12.5% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 750,000 | $869K | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 900,000 | $833K | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 700,000 | $832K | Reduce -22.2% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 630,000 | $809K | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 900,000 | $805K | Add +157.1% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 800,000 | $784K | Reduce -79.0% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 620,000 | $783K | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 850,000 | $775K | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 700,000 | $762K | Add +29.6% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 750,000 | $752K | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 700,000 | $725K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 800,000 | $703K | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 700,000 | $688K | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 600,000 | $678K | No change |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 500,000 | $661K | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 720,000 | $621K | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 650,000 | $607K | No change |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 570,000 | $599K | Reduce -24.0% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 600,000 | $592K | No change |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 170,000 | $580K | No change |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 550,000 | $557K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 550,000 | $548K | New |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 550,000 | $543K | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 570,000 | $531K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 450,000 | $427K | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 390,000 | $396K | Reduce -44.3% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 300,000 | $367K | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 350,000 | $352K | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 450,000 | $323K | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 250,000 | $247K | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 180,000 | $239K | Reduce -60.0% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 80,000 | $77K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q4 2024 → Q1 2025
| FLUT Flutter Entertainment PLC-Di | Reduce -11.8% | 8.16% | −1.99 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −1.16 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -37.9% | 1.46% | −1.13 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.84 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.69 |
| AXP American Express Co. | Sold out | 0.00% | −0.68 |
| CRH CRH PLC | Reduce -13.4% | 5.08% | −0.68 |
| MSFT Microsoft Corp. | Reduce -9.7% | 4.11% | −0.62 |
| ORCL Oracle Corp. | Reduce -29.6% | 0.87% | −0.49 |
| CRM Salesforce Inc. | Reduce -38.1% | 0.49% | −0.42 |
| NOW ServiceNow Inc. | Reduce -37.8% | 0.42% | −0.41 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.39 |
| XYZ Block Inc. | Sold out | 0.00% | −0.31 |
| MDT Medtronic PLC | Reduce -42.5% | 0.63% | −0.27 |
| ADI Analog Devices Inc. | Reduce -39.1% | 0.44% | −0.27 |
| SNPS Synopsys Inc. | Reduce -9.8% | 1.43% | −0.23 |
| INTU Intuit Inc. | Reduce -38.7% | 0.36% | −0.20 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.19 |
| DDOG Datadog Inc. Class A | Reduce -22.9% | 0.24% | −0.18 |
| UBER Uber Technologies Inc. | Reduce -53.9% | 0.26% | −0.17 |
| HDB HDFC Bank Ltd.-ADR | Reduce -47.7% | 0.23% | −0.16 |
| QGEN Qiagen NV | Reduce -3.9% | 1.80% | −0.15 |
| DHR Danaher Corp. | Reduce -9.4% | 1.02% | −0.15 |
| TOST Toast Inc. Class A | Reduce -33.7% | 0.26% | −0.14 |
| TAL Tal Education Group- ADR | Reduce -52.0% | 0.28% | −0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -13.7% | 0.98% | −0.12 |
| FSLR First Solar Inc. | Reduce -0.4% | 0.40% | −0.12 |
| ACN Accenture PLC Class A | Reduce -23.7% | 0.31% | −0.11 |
| AAPL Apple Inc. | Reduce 0.0% | 2.58% | −0.11 |
| NEE Nextera Energy Inc. | Reduce -16.8% | 0.81% | −0.10 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.10 |
| SNOW Snowflake Inc. | Reduce -25.8% | 0.26% | −0.08 |
| IFF Intl Flavors & Fragrances | Reduce -7.6% | 0.63% | −0.06 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −0.04 |
| SPOT Spotify Technology SA | Reduce -28.2% | 0.77% | −0.04 |
| ENPH Enphase Energy Inc. | Reduce -2.8% | 0.37% | −0.02 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.02 |
| VLTO Veralto Corp. | Reduce -7.3% | 0.37% | −0.02 |
| MU Micron Technology Inc. | Reduce -13.2% | 0.34% | −0.01 |
| WAB Wabtec Corp. | Reduce -4.9% | 0.63% | −0.01 |
| LTH Life Time Group Holdings Inc. | Reduce -62.2% | 0.00% | −0.00 |
| VFC VF Corp. | Reduce -15.9% | 0.01% | −0.00 |
| XPOF Xponential Fitness Inc. Class A | Reduce -6.7% | 0.00% | −0.00 |
| SKX Skechers USA Inc. Class A | Reduce -13.3% | 0.01% | −0.00 |
| MTN Vail Resorts Inc. | Reduce -20.1% | 0.01% | −0.00 |
| MANU Manchester United PLC Class A | Reduce -30.8% | 0.00% | −0.00 |
| MSGS Madison Square Garden Sports | Reduce -12.0% | 0.01% | −0.00 |
| DKS Dick's Sporting Goods Inc. | Reduce -17.7% | 0.01% | −0.00 |
| AS Amer Sports Inc. | Sold out | 0.00% | −0.00 |
| LLY Eli Lilly & Co. | Reduce -10.1% | 0.58% | +0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| RACE Ferrari NV | Add +31.1% | 4.82% | +1.39 |
| BABA Alibaba Group Holding-SP ADR | New | 1.19% | +1.19 |
| NFLX Netflix Inc. | Add +73.8% | 2.26% | +1.11 |
| WMT Walmart Inc. | Add +52.2% | 2.67% | +1.00 |
| KO The Coca-Cola Co. | New | 0.97% | +0.97 |
| T AT&T Inc. | Add +18.1% | 2.06% | +0.76 |
| KR Kroger Co. | New | 0.73% | +0.73 |
| MMM 3M Co. | New | 0.70% | +0.70 |
| META Meta Platforms Inc. Class A | Add +8.8% | 4.39% | +0.60 |
| MELI MercadoLibre Inc. | Add +105.8% | 0.89% | +0.54 |
| ROP Roper Technologies Inc. | New | 0.48% | +0.48 |
| DHI D.R. Horton Inc. | Add +133.4% | 0.85% | +0.48 |
| MA Mastercard Inc. Class A | Add +13.2% | 1.60% | +0.34 |
| ANET Arista Networks Inc. | New | 0.34% | +0.34 |
| GS Goldman Sachs Group Inc. | Add +19.7% | 1.53% | +0.29 |
| VEEV Veeva Systems Inc. Class A | Add +20.1% | 0.85% | +0.25 |
| BKNG Booking Holdings Inc. | Add +50.0% | 0.65% | +0.22 |
| JCI Johnson Controls Internation | Add +47.0% | 0.54% | +0.20 |
| XYL Xylem Inc. | Add +4.9% | 0.99% | +0.14 |
| HD Home Depot Inc. | Add +6.7% | 1.26% | +0.10 |
| AMZN Amazon.com Inc. | Add +11.1% | 2.19% | +0.09 |
| HSAI Hesai Group | New | 0.06% | +0.06 |
| PANW Palo Alto Networks Inc. | Add +3.0% | 1.51% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.6% | 0.55% | +0.06 |
| NDAQ Nasdaq Inc. | Add +3.0% | 0.45% | +0.04 |
| JKS Jinkosolar Holding Co.-ADR | New | 0.03% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +3.1% | 0.42% | +0.02 |
| VRT Vertiv Holdings Co. Class A | Add +53.2% | 0.38% | +0.02 |
| ANSS Ansys Inc. | Add +3.0% | 0.33% | +0.01 |
| EA Electronic Arts Inc. | Add +18.5% | 0.01% | +0.00 |
| DECK Deckers Outdoor Corp. | Add +123.7% | 0.01% | +0.00 |
| LULU Lululemon Athletica Inc. | Add +52.0% | 0.01% | +0.00 |
| PCOR Procore Technologies Inc. | Add +5.5% | 0.24% | +0.00 |
| STLA Stellantis NV | Add +9.0% | 0.79% | +0.00 |
| ADSK Autodesk Inc. | Add +3.0% | 0.31% | −0.00 |
| AMD Advanced Micro Devices | Add +3.1% | 0.29% | −0.02 |
| ADBE Adobe Inc. | Add +3.1% | 0.55% | −0.02 |
| GOOGL Alphabet Inc. Class A | Add +8.4% | 2.05% | −0.09 |
| NVDA Nvidia Corp. | Add +4.4% | 3.63% | −0.36 |
| AVGO Broadcom Inc. | Add +5.2% | 1.85% | −0.40 |
Options Activity Q4 2024 → Q1 2025
| QIAGEN NV | call | Sold out | 1,100 | $686Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 8,200,000 | $7.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +157.4% | 6,050,000 | $5.8M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +1000.0% | 3,850,000 | $3.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -36.1% | 1,150,000 | $1.4M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +180.0% | 1,120,000 | $1.3M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Reduce -17.9% | 1,380,000 | $1.2M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +12.5% | 900,000 | $904K |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 750,000 | $869K |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 900,000 | $833K |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -22.2% | 700,000 | $832K |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +157.1% | 900,000 | $805K |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -79.0% | 800,000 | $784K |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Add +29.6% | 700,000 | $762K |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 750,000 | $752K |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Reduce -24.0% | 570,000 | $599K |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | New | 550,000 | $548K |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Sold out | 650,000 | $536Kbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Reduce -44.3% | 390,000 | $396K |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | New | 350,000 | $352K |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | Sold out | 300,000 | $279Kbefore exit |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | Sold out | 250,000 | $241Kbefore exit |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -60.0% | 180,000 | $239K |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Sold out | 250,000 | $232Kbefore 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 | 90 | $2.0B | TTE, CRH, AZN, RACE, NVDA |
| Q1 2026 | 83 | $1.7B | TTE, AZN, CRH, RACE, NVDA |
| Q4 2025 | 77 | $1.7B | TTE, GOOGL, MSFT, RACE, NVDA |
| Q3 2025 | 75 | $1.4B | MSFT, NVDA, GOOGL, META, FLUT |
| Q2 2025 | 75 | $1.3B | MSFT, V, NVDA, FLUT, META |
| Q1 2025 | 95 | $1.2B | FLUT, V, CRH, RACE, META |
| Q4 2024 | 98 | $1.3B | FLUT, CRH, V, MSFT, NVDA |
| Q3 2024 | 91 | $1.1B | FLUT, CRH, MSFT, V, META |
| Q2 2024 | 87 | $1.1B | FLUT, CRH, STLA, MSFT, NVDA |