Dnca Finance
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Dnca Finance reported 75 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by Visa Class A (V, 6.0%) and Nvidia (NVDA, 5.6%). Compared with Q1 2025, it opened 5 new positions, sold out of 25, added to 29 and reduced 30. The biggest buy was Microsoft (MSFT, shares +27%) and the biggest sale Flutter Entertainment PLC-Di (FLUT, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- PARIS, I0
- CIK
- 0001752759
- Portfolio Value
- $1.3B (Q2 2025)
- SEC Filing
- 0001104659-25-077566 ↗ filed Aug 13, 2025
Holdings Value
Holdings 75 stocks · $1.3B
| MSFT Microsoft Corp. | 6.25% | 160,976 | $80.1M | Add +26.5% |
| V Visa Inc. Class A | 6.00% | 216,687 | $76.9M | Add +18.6% |
| NVDA Nvidia Corp. | 5.59% | 453,260 | $71.6M | Add +16.7% |
| FLUT Flutter Entertainment PLC-Di | 5.53% | 250,451 | $70.8M | Reduce -42.1% |
| META Meta Platforms Inc. Class A | 5.39% | 93,520 | $69.0M | Add +5.8% |
| RACE Ferrari NV | 4.97% | 130,435 | $63.7M | Reduce -1.3% |
| CRH CRH PLC | 3.98% | 535,557 | $51.0M | Reduce -19.1% |
| AVGO Broadcom Inc. | 3.68% | 170,900 | $47.1M | Add +33.3% |
| NFLX Netflix Inc. | 3.13% | 29,992 | $40.2M | Add +6.7% |
| WMT Walmart Inc. | 2.83% | 371,519 | $36.3M | Add +5.1% |
| AMZN Amazon.com Inc. | 2.38% | 138,850 | $30.5M | Add +4.1% |
| GOOGL Alphabet Inc. Class A | 2.36% | 171,500 | $30.2M | Add +11.3% |
| ORCL Oracle Corp. | 2.00% | 117,217 | $25.6M | Add +62.9% |
| QGEN Qiagen N.V. | 1.95% | 519,418 | $24.9M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.89% | 83,727 | $24.3M | Add +0.3% |
| DE Deere & Co. | 1.86% | 46,980 | $23.9M | Reduce -27.0% |
| LIN Linde PLC | 1.73% | 47,213 | $22.2M | Reduce -38.1% |
| PANW Palo Alto Networks Inc. | 1.66% | 103,650 | $21.2M | Add +0.8% |
| MA Mastercard Inc. Class A | 1.57% | 35,850 | $20.1M | Add +5.9% |
| SPOT Spotify Technology SA | 1.54% | 25,800 | $19.8M | Add +59.7% |
| TT Trane Technologies PLC | 1.54% | 45,000 | $19.7M | Add +12.5% |
| AAPL Apple Inc. | 1.54% | 95,904 | $19.7M | Reduce -28.9% |
| SNPS Synopsys Inc. | 1.45% | 36,210 | $18.6M | Reduce -6.7% |
| MELI MercadoLibre Inc. | 1.36% | 6,687 | $17.5M | Add +26.0% |
| GS Goldman Sachs Group Inc. | 1.33% | 24,000 | $17.0M | Reduce -26.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.28% | 72,570 | $16.4M | Reduce -28.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.19% | 122,519 | $15.2M | New |
| HD Home Depot Inc. | 1.14% | 40,000 | $14.7M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 1.10% | 27,600 | $14.1M | Add +51.6% |
| DHI D.R. Horton Inc. | 0.93% | 92,500 | $11.9M | Add +19.4% |
| ISRG Intuitive Surgical Inc. | 0.89% | 21,050 | $11.4M | Add +111.6% |
| MMM 3M Co. | 0.89% | 75,000 | $11.4M | Add +36.4% |
| XYL Xylem Inc. | 0.88% | 87,500 | $11.3M | Reduce -8.8% |
| BKNG Booking Holdings Inc. | 0.87% | 1,923 | $11.1M | Add +16.6% |
| DHR Danaher Corp. | 0.80% | 52,000 | $10.3M | Reduce -9.6% |
| ANET Arista Networks Inc. | 0.76% | 95,000 | $9.7M | Add +88.1% |
| VEEV Veeva Systems Inc. Class A | 0.74% | 32,975 | $9.5M | Reduce -22.2% |
| CRM Salesforce Inc. | 0.74% | 34,700 | $9.5M | Add +64.5% |
| ZTS Zoetis Inc. | 0.73% | 59,800 | $9.3M | Reduce -11.8% |
| KO The Coca-Cola Co. | 0.69% | 125,000 | $8.8M | Reduce -20.6% |
| DOLE Dole PLC | 0.69% | 629,370 | $8.8M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.66% | 20,950 | $8.5M | Reduce -8.7% |
| MDT Medtronic PLC | 0.65% | 95,550 | $8.3M | Add +17.2% |
| SYK Stryker Corp. | 0.64% | 20,650 | $8.2M | No change |
| AMD Advanced Micro Devices | 0.63% | 56,800 | $8.1M | Add +73.2% |
| WAB Wabtec Corp. | 0.59% | 36,060 | $7.5M | Reduce -10.7% |
| ADSK Autodesk Inc. | 0.57% | 23,500 | $7.3M | Add +72.2% |
| FISV Fiserv Inc. | 0.56% | 41,850 | $7.2M | No change |
| NOW ServiceNow Inc. | 0.56% | 7,000 | $7.2M | Add +14.8% |
| TOST Toast Inc. Class A | 0.54% | 155,500 | $6.9M | Add +68.2% |
| ADBE Adobe Inc. | 0.50% | 16,500 | $6.4M | No change |
| VRT Vertiv Holdings Co. Class A | 0.48% | 48,360 | $6.2M | Reduce -20.1% |
| NDAQ Nasdaq Inc. | 0.48% | 68,100 | $6.1M | No change |
| INTU Intuit Inc. | 0.42% | 6,800 | $5.4M | No change |
| FSLR First Solar Inc. | 0.41% | 32,090 | $5.3M | Reduce -12.1% |
| ROP Roper Technologies Inc. | 0.38% | 8,550 | $4.8M | Reduce -10.5% |
| SNOW Snowflake Inc. | 0.35% | 20,300 | $4.5M | No change |
| UBER Uber Technologies Inc. | 0.35% | 47,882 | $4.5M | Add +15.7% |
| T AT&T Inc. | 0.33% | 147,300 | $4.3M | Reduce -82.6% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.33% | 58,800 | $4.2M | New |
| VLTO Veralto Corp. | 0.32% | 40,500 | $4.1M | Reduce -9.0% |
| MU Micron Technology Inc. | 0.30% | 31,000 | $3.8M | Reduce -32.6% |
| DDOG Datadog Inc. Class A | 0.30% | 28,200 | $3.8M | No change |
| ACN Accenture PLC Class A | 0.27% | 11,450 | $3.4M | No change |
| HDB HDFC Bank Ltd.-ADR | 0.24% | 39,800 | $3.1M | Reduce -2.5% |
| PCOR Procore Technologies Inc. | 0.23% | 42,400 | $2.9M | No change |
| CRCL Circle Internet Group Inc. | 0.21% | 15,000 | $2.7M | New |
| STLA Stellantis NV | 0.20% | 250,876 | $2.5M | Reduce -69.7% |
| NEE Nextera Energy Inc. | 0.18% | 32,350 | $2.2M | Reduce -75.5% |
| WM Waste Management Inc. | 0.14% | 7,600 | $1.7M | Reduce -71.8% |
| LLY Eli Lilly & Co. | 0.13% | 2,100 | $1.6M | Reduce -74.4% |
| JCI Johnson Controls Internation | 0.09% | 11,400 | $1.2M | Reduce -85.4% |
| HWM Howmet Aerospace Inc. | 0.07% | 5,000 | $931K | New |
| BABA Alibaba Group Holding-SP ADR | 0.07% | 7,653 | $868K | Reduce -92.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.04% | 8,751 | $455K | New |
Other holdings (34): bonds, preferreds, convertibles and warrants · $27.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 3,500,000 | $4.4M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 950,000 | $1.4M | Reduce -17.4% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 1,300,000 | $1.3M | Add +44.4% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 1,380,000 | $1.3M | No change |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 1,000,000 | $1.1M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 1,100,000 | $1.1M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 1,170,000 | $1.1M | Add +62.5% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 700,000 | $1.1M | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 780,000 | $922K | Reduce -13.3% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 1,000,000 | $898K | Reduce -87.8% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 750,000 | $860K | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 900,000 | $846K | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 750,000 | $808K | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 700,000 | $806K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 800,000 | $730K | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 630,000 | $721K | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 640,000 | $688K | Add +64.1% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 650,000 | $678K | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 650,000 | $641K | Reduce -18.8% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 650,000 | $607K | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 600,000 | $594K | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 600,000 | $566K | Reduce -29.4% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 550,000 | $560K | Add +57.1% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 550,000 | $550K | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 550,000 | $547K | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 550,000 | $537K | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 300,000 | $405K | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 300,000 | $396K | Reduce -57.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 400,000 | $381K | Reduce -93.4% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 200,000 | $360K | Reduce -82.1% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 240,000 | $337K | Reduce -61.3% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 300,000 | $322K | Reduce -50.0% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 250,000 | $254K | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 80,000 | $78K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q1 2025 → Q2 2025
| FLUT Flutter Entertainment PLC-Di | Reduce -42.1% | 5.53% | −2.63 |
| T AT&T Inc. | Reduce -82.6% | 0.33% | −1.73 |
| LIN Linde PLC | Reduce -38.1% | 1.73% | −1.33 |
| BABA Alibaba Group Holding-SP ADR | Reduce -92.7% | 0.07% | −1.12 |
| CRH CRH PLC | Reduce -19.1% | 3.98% | −1.10 |
| AAPL Apple Inc. | Reduce -28.9% | 1.54% | −1.04 |
| DE Deere & Co. | Reduce -27.0% | 1.86% | −0.74 |
| KR Kroger Co. | Sold out | 0.00% | −0.73 |
| NEE Nextera Energy Inc. | Reduce -75.5% | 0.18% | −0.63 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.63 |
| STLA Stellantis NV | Reduce -69.7% | 0.20% | −0.59 |
| LLY Eli Lilly & Co. | Reduce -74.4% | 0.13% | −0.46 |
| JCI Johnson Controls Internation | Reduce -85.4% | 0.09% | −0.44 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.44 |
| WM Waste Management Inc. | Reduce -71.8% | 0.14% | −0.40 |
| ENPH Enphase Energy Inc. | Sold out | 0.00% | −0.37 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.33 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.7% | 0.66% | −0.32 |
| KO The Coca-Cola Co. | Reduce -20.6% | 0.69% | −0.28 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −0.28 |
| ZTS Zoetis Inc. | Reduce -11.8% | 0.73% | −0.23 |
| DHR Danaher Corp. | Reduce -9.6% | 0.80% | −0.21 |
| GS Goldman Sachs Group Inc. | Reduce -26.1% | 1.33% | −0.20 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -28.7% | 1.28% | −0.17 |
| ARRY Array Technologies Inc. | Sold out | 0.00% | −0.12 |
| ROP Roper Technologies Inc. | Reduce -10.5% | 0.38% | −0.11 |
| VEEV Veeva Systems Inc. Class A | Reduce -22.2% | 0.74% | −0.10 |
| XYL Xylem Inc. | Reduce -8.8% | 0.88% | −0.10 |
| HSAI Hesai Group | Sold out | 0.00% | −0.06 |
| VLTO Veralto Corp. | Reduce -9.0% | 0.32% | −0.05 |
| MU Micron Technology Inc. | Reduce -32.6% | 0.30% | −0.05 |
| WAB Wabtec Corp. | Reduce -10.7% | 0.59% | −0.04 |
| JKS Jinkosolar Holding Co.-ADR | Sold out | 0.00% | −0.03 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.01 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.01 |
| MSGS Madison Square Garden Sports | Sold out | 0.00% | −0.01 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.01 |
| FWONK Liberty Media Corp. Class C | Sold out | 0.00% | −0.01 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.01 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.01 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −0.01 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.01 |
| COLM Columbia Sportswear Co. | Sold out | 0.00% | −0.01 |
| VFC VF Corp. | Sold out | 0.00% | −0.01 |
| CALY Callaway Golf Company | Sold out | 0.00% | −0.01 |
| XPOF Xponential Fitness Inc. Class A | Sold out | 0.00% | −0.00 |
| DOO BRP Inc./Ca- Sub Voting | Sold out | 0.00% | −0.00 |
| LTH Life Time Group Holdings Inc. | Sold out | 0.00% | −0.00 |
| MANU Manchester United PLC Class A | Sold out | 0.00% | −0.00 |
| HDB HDFC Bank Ltd.-ADR | Reduce -2.5% | 0.24% | +0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +26.5% | 6.25% | +2.13 |
| NVDA Nvidia Corp. | Add +16.7% | 5.59% | +1.96 |
| AVGO Broadcom Inc. | Add +33.3% | 3.68% | +1.83 |
| DIS The Walt Disney Co. | New | 1.19% | +1.19 |
| ORCL Oracle Corp. | Add +62.9% | 2.00% | +1.13 |
| META Meta Platforms Inc. Class A | Add +5.8% | 5.39% | +1.00 |
| NFLX Netflix Inc. | Add +6.7% | 3.13% | +0.88 |
| SPOT Spotify Technology SA | Add +59.7% | 1.54% | +0.78 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +51.6% | 1.10% | +0.54 |
| V Visa Inc. Class A | Add +18.6% | 6.00% | +0.49 |
| MELI MercadoLibre Inc. | Add +26.0% | 1.36% | +0.47 |
| ISRG Intuitive Surgical Inc. | Add +111.6% | 0.89% | +0.47 |
| ANET Arista Networks Inc. | Add +88.1% | 0.76% | +0.42 |
| TT Trane Technologies PLC | Add +12.5% | 1.54% | +0.38 |
| AMD Advanced Micro Devices | Add +73.2% | 0.63% | +0.34 |
| TTD Trade Desk Inc./the Class A | New | 0.33% | +0.33 |
| GOOGL Alphabet Inc. Class A | Add +11.3% | 2.36% | +0.31 |
| TOST Toast Inc. Class A | Add +68.2% | 0.54% | +0.27 |
| ADSK Autodesk Inc. | Add +72.2% | 0.57% | +0.26 |
| CRM Salesforce Inc. | Add +64.5% | 0.74% | +0.25 |
| BKNG Booking Holdings Inc. | Add +16.6% | 0.87% | +0.21 |
| CRCL Circle Internet Group Inc. | New | 0.21% | +0.21 |
| MMM 3M Co. | Add +36.4% | 0.89% | +0.20 |
| AMZN Amazon.com Inc. | Add +4.1% | 2.38% | +0.19 |
| WMT Walmart Inc. | Add +5.1% | 2.83% | +0.16 |
| PANW Palo Alto Networks Inc. | Add +0.8% | 1.66% | +0.14 |
| NOW ServiceNow Inc. | Add +14.8% | 0.56% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 1.89% | +0.13 |
| UBER Uber Technologies Inc. | Add +15.7% | 0.35% | +0.09 |
| DHI D.R. Horton Inc. | Add +19.4% | 0.93% | +0.08 |
| HWM Howmet Aerospace Inc. | New | 0.07% | +0.07 |
| ONON On Holding AG Class A | New | 0.04% | +0.04 |
| MDT Medtronic PLC | Add +17.2% | 0.65% | +0.02 |
| MA Mastercard Inc. Class A | Add +5.9% | 1.57% | −0.03 |
Notes & Other Activity Q1 2025 → Q2 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 3,500,000 | $4.4M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 3,850,000 | $3.8Mbefore exit |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Sold out | 1,450,000 | $1.4Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -17.4% | 950,000 | $1.4M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Add +44.4% | 1,300,000 | $1.3M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 1,000,000 | $1.1M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 1,100,000 | $1.1M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +62.5% | 1,170,000 | $1.1M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Reduce -13.3% | 780,000 | $922K |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Reduce -87.8% | 1,000,000 | $898K |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 700,000 | $725Kbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +64.1% | 640,000 | $688K |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 650,000 | $678K |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 500,000 | $661Kbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -18.8% | 650,000 | $641K |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 570,000 | $599Kbefore exit |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 170,000 | $580Kbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Reduce -29.4% | 600,000 | $566K |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +57.1% | 550,000 | $560K |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | New | 550,000 | $550K |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 550,000 | $548Kbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 570,000 | $531Kbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Sold out | 450,000 | $427Kbefore exit |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -57.1% | 300,000 | $396K |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Reduce -93.4% | 400,000 | $381K |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -82.1% | 200,000 | $360K |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Reduce -61.3% | 240,000 | $337K |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Sold out | 450,000 | $323Kbefore exit |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Reduce -50.0% | 300,000 | $322K |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Sold out | 180,000 | $239Kbefore 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 |