Edgemoor Investment Advisors, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Edgemoor Investment Advisors, Inc. reported 187 stock positions worth $1.3 billion. Its top holding was Microsoft (MSFT) at 8.5% of the portfolio, followed by Apple (AAPL, 6.9%) and Berkshire Hathaway Class B (BRK.B, 6.0%). Compared with Q2 2025, it opened 24 new positions, sold out of 4, added to 81 and reduced 57. The biggest buy was Alphabet Class C (GOOG, shares +1%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −0%).

Most Recent 13F
Q2 2026
Location
BETHESDA, MD
CIK
0001313792
Portfolio Value
$1.3B (Q3 2025)
SEC Filing
0001398344-25-020409 ↗ filed Nov 6, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 187 stocks · $1.3B
MSFT Microsoft Corp. 8.53% 212,314 $110.0M Add +0.6%
AAPL Apple Inc. 6.86% 347,332 $88.4M Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B 6.00% 153,879 $77.4M Reduce -0.1%
URI United Rentals Inc. 5.25% 70,899 $67.7M Reduce -1.0%
AVGO Broadcom Inc. 4.35% 170,041 $56.1M Reduce -0.0%
GOOG Alphabet Inc. Class C 4.12% 218,112 $53.1M Add +0.6%
LOW Lowe's Cos Inc. 3.89% 199,436 $50.1M Reduce -0.1%
AMZN Amazon.com Inc. 3.09% 181,520 $39.9M Add +0.7%
GOOGL Alphabet Inc. Class A 2.92% 154,644 $37.6M Reduce -0.4%
WSM Williams-Sonoma Inc. 2.69% 177,267 $34.6M Reduce -1.2%
NVDA Nvidia Corp. 2.52% 174,364 $32.5M Add +1.6%
AMAT Applied Materials Inc. 2.40% 150,824 $30.9M Add +0.3%
BX Blackstone Inc. 2.02% 152,274 $26.0M Add +0.3%
LEN Lennar Corp. Class A 1.98% 202,503 $25.5M Reduce -0.1%
VRTX Vertex Pharmaceuticals Inc. 1.68% 55,194 $21.6M Reduce -1.5%
BLK BlackRock Inc. 1.66% 18,311 $21.3M Reduce -0.1%
V Visa Inc. Class A 1.61% 60,810 $20.8M Add +0.8%
JCI Johnson Controls Internation 1.60% 187,401 $20.6M Reduce -1.0%
GD General Dynamics Corp. 1.49% 56,308 $19.2M Reduce -0.6%
TSM Taiwan Semiconductor-SP ADR 1.48% 68,377 $19.1M Add +0.9%
SCHW Schwab (charles) Corp. 1.33% 180,055 $17.2M Add +0.1%
ICSH iShares Ultra Short Duration 1.15% 291,680 $14.8M Add +24.4%
C Citigroup Inc. 1.13% 143,436 $14.6M Reduce -0.1%
ARCC Ares Capital Corp. 1.12% 704,039 $14.4M Add +2.8%
NVS Novartis AG-Sponsored ADR 1.09% 109,040 $14.0M Reduce -1.5%
AEP American Electric Power 1.07% 122,533 $13.8M Reduce -0.4%
SPG Simon Property Group Inc. 1.02% 69,821 $13.1M Reduce -0.2%
DE Deere & Co. 0.93% 26,098 $11.9M Add +3.4%
O Realty Income Corp. 0.91% 193,718 $11.8M Add +7.0%
SHEL Shell PLC-ADR 0.89% 161,029 $11.5M Add +0.9%
ETR Entergy Corp. 0.86% 118,967 $11.1M Reduce -1.6%
VZ Verizon Communications Inc. 0.77% 226,735 $10.0M Add +0.7%
EPD Enterprise Products Partners 0.74% 303,337 $9.5M Reduce -0.9%
T AT&T Inc. 0.71% 321,946 $9.1M Add +10.0%
CCI Crown Castle Inc. 0.69% 92,769 $9.0M Add +1.8%
JEPI JPMorgan Equity Premium Inco 0.67% 151,636 $8.7M Add +6.0%
TMO Thermo Fisher Scientific Inc. 0.65% 17,303 $8.4M Reduce -24.5%
PSA Public Storage 0.64% 28,496 $8.2M Add +1.0%
NEE Nextera Energy Inc. 0.61% 104,896 $7.9M Reduce -0.5%
SO The Southern Co. 0.56% 76,046 $7.2M Reduce -1.5%
DLR Digital Realty Trust Inc. 0.54% 40,354 $7.0M Reduce -1.7%
EVRG Evergy Inc. 0.52% 88,139 $6.7M Add +3.3%
CNP Centerpoint Energy Inc. 0.52% 172,530 $6.7M Reduce -1.4%
FISV Fiserv Inc. 0.52% 51,594 $6.7M Add +18.6%
PFE Pfizer Inc. 0.50% 254,401 $6.5M Add +7.5%
IVV iShares Core S&P 500 ETF 0.49% 9,468 $6.3M Add +29.7%
VRT Vertiv Holdings Co. Class A 0.49% 41,551 $6.3M Add +5.6%
FCT First Trust SNR FL RT Inc. II 0.47% 600,577 $6.0M Reduce -4.5%
BKNG Booking Holdings Inc. 0.46% 1,106 $6.0M Add +3.2%
CWEN.A Clearway Energy Inc. Class A 0.44% 212,776 $5.7M Add +2.1%
ES Eversource Energy 0.40% 72,758 $5.2M Add +9.6%
KMI Kinder Morgan Inc. 0.36% 164,731 $4.7M Reduce -0.8%
ATO Atmos Energy Corp. 0.36% 26,866 $4.6M Reduce -3.6%
STWD Starwood Property Trust Inc. 0.30% 199,463 $3.9M Add +3.3%
ARE Alexandria Real Estate Equit 0.28% 42,555 $3.5M Reduce -18.8%
PBA Pembina Pipeline Corp. 0.27% 87,253 $3.5M Reduce -0.2%
OKE Oneok Inc. 0.25% 45,004 $3.3M Reduce -1.3%
USB US Bancorp 0.25% 67,832 $3.3M Add +726.1%
KO The Coca-Cola Co. 0.24% 47,311 $3.1M Add +0.9%
UBER Uber Technologies Inc. 0.24% 31,076 $3.0M Add +23.0%
BTZ BlackRock Credit Allocation 0.23% 266,253 $2.9M Reduce -0.1%
WELL Welltower Inc. 0.22% 15,885 $2.8M Reduce -1.1%
MRP Millrose Properties 0.22% 83,205 $2.8M Reduce -4.8%
NZF Nuveen Municipal Credit Inc. 0.22% 222,357 $2.8M Add +11.2%
XEL Xcel Energy Inc. 0.22% 34,568 $2.8M Reduce -3.2%
IWF iShares Russell 1000 Growth 0.21% 5,914 $2.8M Add +57.2%
JPM JPMorgan Chase & Co. 0.21% 8,583 $2.7M Add +18.3%
XFRAX BlackRock Fltng RT Inc. Strat 0.20% 201,353 $2.6M Add +7.2%
ORCL Oracle Corp. 0.20% 8,981 $2.5M Reduce -0.3%
EMO Clearbridge Energy Midstream 0.19% 54,007 $2.4M Add +3.2%
BRK.A Berkshire Hathaway Inc. Class A 0.18% 3 $2.3M No change
KYN Kayne Anderson Energy Infra 0.17% 180,380 $2.2M Add +2.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.17% 62,533 $2.1M Add +9.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.16% 18,718 $2.0M No change
JNJ Johnson & Johnson 0.16% 10,845 $2.0M Reduce -0.3%
BEPC Brookfield Renewable Corp. 0.15% 57,946 $2.0M Add +8.5%
VOO Vanguard S&P 500 ETF 0.15% 3,243 $2.0M Add +56.1%
BEP Brookfield Renewable Partner 0.14% 71,406 $1.8M Add +10.9%
LLY Eli Lilly & Co. 0.14% 2,328 $1.8M Add +124.3%
UPS United Parcel Service Class B 0.13% 20,592 $1.7M Add +236.8%
CPRT Copart Inc. 0.13% 37,171 $1.7M New
CI The Cigna Group 0.13% 5,715 $1.6M No change
AGG iShares Core U.S. Aggregate 0.12% 15,717 $1.6M Reduce -30.0%
XOM Exxon Mobil Corp. 0.12% 13,429 $1.5M Add +16.2%
DHR Danaher Corp. 0.11% 7,346 $1.5M Add +0.4%
INTU Intuit Inc. 0.11% 2,007 $1.4M New
WMT Walmart Inc. 0.10% 12,686 $1.3M Add +0.6%
SHV iShares 0-1 Year Treasury Bo 0.10% 11,105 $1.2M Reduce -2.6%
FSLR First Solar Inc. 0.09% 5,520 $1.2M Add +49.9%
CAVA Cava Group Inc. 0.09% 19,984 $1.2M New
HD Home Depot Inc. 0.09% 2,820 $1.1M Add +1.1%
IJH iShares Core S&P Midcap ETF 0.09% 17,229 $1.1M Reduce -6.1%
IJR iShares Core S&P Small-Cap E 0.08% 9,009 $1.1M Add +28.6%
ABBV Abbvie Inc. 0.08% 4,607 $1.1M Add +89.6%
TFC Truist Financial Corp. 0.08% 23,199 $1.1M New
ADBE Adobe Inc. 0.08% 2,871 $1.0M Add +3.3%
CSX CSX Corp. 0.08% 27,750 $985K No change
ED Consolidated Edison Inc. 0.08% 9,781 $983K No change
CVX Chevron Corp. 0.07% 6,223 $966K Add +9.3%
ACN Accenture PLC Class A 0.07% 3,834 $945K Reduce -39.1%
GBDC Golub Capital BDC Inc. 0.07% 68,031 $931K Reduce -1.7%
LMT Lockheed Martin Corp. 0.07% 1,842 $920K Add +44.1%
IWR iShares Russell Mid-Cap ETF 0.07% 9,460 $913K Add +58.7%
SUB iShares Short-Term National 0.07% 7,953 $849K Reduce -10.2%
IWD iShares Russell 1000 Value E 0.06% 3,951 $804K Add +57.7%
RTX RTX Corp. 0.06% 4,728 $791K Add +4.7%
ADP Automatic Data Processing 0.06% 2,622 $770K Reduce -2.5%
META Meta Platforms Inc. Class A 0.06% 1,046 $768K Add +10.2%
MUB iShares National Muni Bond E 0.06% 7,073 $753K Reduce -3.9%
COST Costco Wholesale Corp. 0.06% 812 $752K Add +3.4%
PEP Pepsico Inc. 0.06% 5,199 $730K Add +16.9%
PG The Procter & Gamble Co. 0.06% 4,688 $720K Add +4.1%
ORLY O'reilly Automotive Inc. 0.06% 6,660 $718K No change
CSCO Cisco Systems Inc. 0.05% 10,347 $708K Add +6.9%
USIG iShares Broad Usd Investment 0.05% 13,555 $708K No change
IYW iShares Ustechnology ETF 0.05% 3,600 $705K New
WY Weyerhaeuser Co. 0.05% 27,201 $674K Reduce -26.0%
IVE iShares S&P 500 Value ETF 0.05% 3,193 $659K Reduce -5.9%
KKR KKR & Co. Inc. 0.05% 4,886 $635K Reduce -0.2%
AMGN Amgen Inc. 0.05% 2,089 $590K Add +9.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 11,306 $583K New
JFR Nuveen Floating Rate Income 0.04% 68,421 $560K Reduce -4.4%
STLD Steel Dynamics Inc. 0.04% 3,904 $544K New
SYK Stryker Corp. 0.04% 1,442 $533K No change
EMR Emerson Electric Co. 0.04% 3,797 $498K Add +7.2%
MCD McDonald's Corp. 0.04% 1,490 $453K Add +2.5%
ABT Abbott Laboratories 0.03% 3,267 $438K Add +1.6%
PM Philip Morris International 0.03% 2,661 $432K No change
UBSI United Bankshares Inc. 0.03% 11,497 $428K New
GS Goldman Sachs Group Inc. 0.03% 516 $411K No change
NOW ServiceNow Inc. 0.03% 443 $408K Reduce -3.5%
QQQ Invesco QQQ Trust Series 1 0.03% 657 $394K Add +38.3%
IPAC iShares Core MSCI Pacific Et 0.03% 5,310 $390K No change
MRK Merck & Co. Inc. 0.03% 4,618 $388K Reduce -89.5%
TXN Texas Instruments Inc. 0.03% 2,092 $384K No change
FFBC First Financial Bancorp 0.03% 15,052 $380K New
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 567 $378K Add +12.7%
QCOM Qualcomm Inc. 0.03% 2,260 $376K Reduce -0.8%
PNC PNC Financial Services Group 0.03% 1,866 $375K New
MO Altria Group Inc. 0.03% 5,626 $372K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 6,910 $366K Add +22.1%
ET Energy Transfer LP 0.03% 21,020 $361K Add +1.9%
VTR Ventas Inc. 0.03% 5,105 $357K No change
IWP iShares Russell Mid-Cap Grow 0.03% 2,419 $344K Add +60.2%
PFF iShares Preferred & Income S 0.03% 10,783 $341K Add +0.9%
PAYX Paychex Inc. 0.03% 2,651 $336K Add +12.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 1,090 $320K No change
ETN Eaton Corp. PLC 0.02% 852 $319K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.02% 3,847 $301K Reduce -25.0%
AXP American Express Co. 0.02% 907 $301K Reduce -3.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 1,049 $296K Add +6.1%
IEFA iShares Core MSCI Eafe ETF 0.02% 3,342 $292K Add +0.7%
YUM Yum! Brands Inc. 0.02% 1,915 $291K No change
WFC Wells Fargo & Co. 0.02% 3,357 $281K Add +14.9%
IWN iShares Russell 2000 Value E 0.02% 1,585 $280K New
SDY SS SPDR S&P Dividend ETF 0.02% 2,000 $280K New
CG The Carlyle Group Inc. 0.02% 4,414 $277K New
WM Waste Management Inc. 0.02% 1,227 $271K New
IEMG iShares Core MSCI Emerging 0.02% 4,054 $267K No change
DUK Duke Energy Corp. 0.02% 2,126 $263K New
IVW iShares S&P 500 Growth ETF 0.02% 2,153 $260K No change
CAT Caterpillar Inc. 0.02% 543 $259K New
NTCT Netscout Systems Inc. 0.02% 10,011 $259K No change
AZO AutoZone Inc. 0.02% 60 $257K No change
VLTO Veralto Corp. 0.02% 2,413 $257K Reduce -0.9%
COP Conocophillips 0.02% 2,697 $255K Add +3.7%
XLK SS Technology Select Sector 0.02% 895 $252K No change
CEG Constellation Energy 0.02% 763 $251K Add +0.4%
PANW Palo Alto Networks Inc. 0.02% 1,231 $251K Add +1.7%
IWS iShares Russell Mid-Cap Valu 0.02% 1,770 $247K No change
NSC Norfolk Southern Corp. 0.02% 820 $246K New
PLTR Palantir Technologies Inc. Class A 0.02% 1,345 $245K New
SMMD iShares Russell 2500 ETF 0.02% 3,200 $236K New
SYY Sysco Corp. 0.02% 2,848 $235K Reduce -0.9%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 464 $228K Add +0.9%
MU Micron Technology Inc. 0.02% 1,356 $227K New
DD Dupont DE Nemours Inc. 0.02% 2,893 $225K Reduce -3.6%
WEC WEC Energy Group Inc. 0.02% 1,952 $224K No change
XLV SS Health Care Select Sector 0.02% 1,600 $223K No change
NFLX Netflix Inc. 0.02% 185 $223K Add +1.6%
IWM iShares Russell 2000 ETF 0.02% 905 $219K New
MAR Marriott International Class A 0.02% 825 $215K Reduce -2.1%
GLW Corning Inc. 0.02% 2,598 $213K New
AMLP Alerian MLP ETF 0.02% 4,500 $211K Add +1.1%
MKL Markel Group Inc. 0.02% 110 $210K Reduce -26.7%
RSP Invesco S&P 500 Equal Weight 0.02% 1,097 $208K New
IGM iShares Expanded Tech Sector 0.02% 1,650 $208K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $7.6M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 3,034$3.7MReduce -2.8%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,591$2.0MNo change
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 73,353$1.9MReduce -1.3%

Total filed on the 13F, all lines: $1.3B.

Portfolio Sells Q2 2025 → Q3 2025
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 6.00% −0.50
VRTX Vertex Pharmaceuticals Inc. Reduce -1.5% 1.68% −0.49
MRK Merck & Co. Inc. Reduce -89.5% 0.03% −0.27
TMO Thermo Fisher Scientific Inc. Reduce -24.5% 0.65% −0.16
JCI Johnson Controls Internation Reduce -1.0% 1.60% −0.14
MRSH Marsh & McLennan Cos Sold out 0.00% −0.12
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.09
ACN Accenture PLC Class A Reduce -39.1% 0.07% −0.09
EPD Enterprise Products Partners Reduce -0.9% 0.74% −0.09
FCT First Trust SNR FL RT Inc. II Reduce -4.5% 0.47% −0.09
DLR Digital Realty Trust Inc. Reduce -1.7% 0.54% −0.08
NVS Novartis AG-Sponsored ADR Reduce -1.5% 1.09% −0.08
AGG iShares Core U.S. Aggregate Reduce -30.0% 0.12% −0.07
OKE Oneok Inc. Reduce -1.3% 0.25% −0.07
KMI Kinder Morgan Inc. Reduce -0.8% 0.36% −0.06
SO The Southern Co. Reduce -1.5% 0.56% −0.06
ARE Alexandria Real Estate Equit Reduce -18.8% 0.28% −0.06
AEP American Electric Power Reduce -0.4% 1.07% −0.04
CNP Centerpoint Energy Inc. Reduce -1.4% 0.52% −0.04
WY Weyerhaeuser Co. Reduce -26.0% 0.05% −0.03
BTZ BlackRock Credit Allocation Reduce -0.1% 0.23% −0.02
NEE Nextera Energy Inc. Reduce -0.5% 0.61% −0.02
CARR Carrier Global Corp. Sold out 0.00% −0.02
HON Honeywell International Inc. Sold out 0.00% −0.02
ATO Atmos Energy Corp. Reduce -3.6% 0.36% −0.02
SUB iShares Short-Term National Reduce -10.2% 0.07% −0.02
GBDC Golub Capital BDC Inc. Reduce -1.7% 0.07% −0.02
BLK BlackRock Inc. Reduce -0.1% 1.66% −0.01
SHV iShares 0-1 Year Treasury Bo Reduce -2.6% 0.10% −0.01
ADP Automatic Data Processing Reduce -2.5% 0.06% −0.01
ETR Entergy Corp. Reduce -1.6% 0.86% −0.01
IJH iShares Core S&P Midcap ETF Reduce -6.1% 0.09% −0.01
PBA Pembina Pipeline Corp. Reduce -0.2% 0.27% −0.01
MKL Markel Group Inc. Reduce -26.7% 0.02% −0.01
NOW ServiceNow Inc. Reduce -3.5% 0.03% −0.01
JFR Nuveen Floating Rate Income Reduce -4.4% 0.04% −0.01
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -25.0% 0.02% −0.01
MUB iShares National Muni Bond E Reduce -3.9% 0.06% −0.01
KKR KKR & Co. Inc. Reduce -0.2% 0.05% −0.01
IVE iShares S&P 500 Value ETF Reduce -5.9% 0.05% −0.01
MAR Marriott International Class A Reduce -2.1% 0.02% −0.00
AXP American Express Co. Reduce -3.3% 0.02% −0.00
QCOM Qualcomm Inc. Reduce -0.8% 0.03% −0.00
VLTO Veralto Corp. Reduce -0.9% 0.02% −0.00
SYY Sysco Corp. Reduce -0.9% 0.02% −0.00
DD Dupont DE Nemours Inc. Reduce -3.6% 0.02% −0.00
MRP Millrose Properties Reduce -4.8% 0.22% +0.00
WELL Welltower Inc. Reduce -1.1% 0.22% +0.01
XEL Xcel Energy Inc. Reduce -3.2% 0.22% +0.01
JNJ Johnson & Johnson Reduce -0.3% 0.16% +0.01

Portfolio Buys Q2 2025 → Q3 2025
GOOG Alphabet Inc. Class C Add +0.6% 4.12% +0.78
USB US Bancorp Add +726.1% 0.25% +0.22
NVDA Nvidia Corp. Add +1.6% 2.52% +0.17
TSM Taiwan Semiconductor-SP ADR Add +0.9% 1.48% +0.15
CPRT Copart Inc. New 0.13% +0.13
ICSH iShares Ultra Short Duration Add +24.4% 1.15% +0.12
INTU Intuit Inc. New 0.11% +0.11
IVV iShares Core S&P 500 ETF Add +29.7% 0.49% +0.10
CAVA Cava Group Inc. New 0.09% +0.09
TFC Truist Financial Corp. New 0.08% +0.08
UPS United Parcel Service Class B Add +236.8% 0.13% +0.08
IWF iShares Russell 1000 Growth Add +57.2% 0.21% +0.08
LLY Eli Lilly & Co. Add +124.3% 0.14% +0.07
IYW iShares Ustechnology ETF New 0.05% +0.05
VOO Vanguard S&P 500 ETF Add +56.1% 0.15% +0.05
VRT Vertiv Holdings Co. Class A Add +5.6% 0.49% +0.05
BX Blackstone Inc. Add +0.3% 2.02% +0.05
BAC Bank of America Corp. New 0.05% +0.05
ABBV Abbvie Inc. Add +89.6% 0.08% +0.04
STLD Steel Dynamics Inc. New 0.04% +0.04
FSLR First Solar Inc. Add +49.9% 0.09% +0.04
ES Eversource Energy Add +9.6% 0.40% +0.03
UBSI United Bankshares Inc. New 0.03% +0.03
UBER Uber Technologies Inc. Add +23.0% 0.24% +0.03
FFBC First Financial Bancorp New 0.03% +0.03
PNC PNC Financial Services Group New 0.03% +0.03
JPM JPMorgan Chase & Co. Add +18.3% 0.21% +0.03
IWR iShares Russell Mid-Cap ETF Add +58.7% 0.07% +0.02
IWN iShares Russell 2000 Value E New 0.02% +0.02
SDY SS SPDR S&P Dividend ETF New 0.02% +0.02
CG The Carlyle Group Inc. New 0.02% +0.02
WM Waste Management Inc. New 0.02% +0.02
DUK Duke Energy Corp. New 0.02% +0.02
CAT Caterpillar Inc. New 0.02% +0.02
IWD iShares Russell 1000 Value E Add +57.7% 0.06% +0.02
LMT Lockheed Martin Corp. Add +44.1% 0.07% +0.02
NSC Norfolk Southern Corp. New 0.02% +0.02
PLTR Palantir Technologies Inc. Class A New 0.02% +0.02
SMMD iShares Russell 2500 ETF New 0.02% +0.02
MU Micron Technology Inc. New 0.02% +0.02
IWM iShares Russell 2000 ETF New 0.02% +0.02
IJR iShares Core S&P Small-Cap E Add +28.6% 0.08% +0.02
GLW Corning Inc. New 0.02% +0.02
RSP Invesco S&P 500 Equal Weight New 0.02% +0.02
IGM iShares Expanded Tech Sector New 0.02% +0.02
NZF Nuveen Municipal Credit Inc. Add +11.2% 0.22% +0.01
XOM Exxon Mobil Corp. Add +16.2% 0.12% +0.01
EVRG Evergy Inc. Add +3.3% 0.52% +0.01
IWP iShares Russell Mid-Cap Grow Add +60.2% 0.03% +0.01
O Realty Income Corp. Add +7.0% 0.91% +0.01

Notes & Other Activity Q2 2025 → Q3 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -2.8% 3,034 $3.7M
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A Reduce -1.3% 73,353 $1.9M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 185$1.5BAMAT, AAPL, URI, MSFT, BRK.B
Q1 2026 167$1.3BAAPL, MSFT, BRK.B, GOOG, AVGO
Q4 2025 172$1.3BMSFT, AAPL, BRK.B, GOOG, AVGO
Q3 2025 187$1.3BMSFT, AAPL, BRK.B, URI, AVGO
Q2 2025 167$1.2BMSFT, BRK.B, AAPL, URI, AVGO
Q1 2025 158$1.1BBRK.B, MSFT, AAPL, LOW, URI
Q4 2024 165$1.1BMSFT, AAPL, BRK.B, URI, LOW
Q3 2024 161$1.1BMSFT, AAPL, BRK.B, URI, LOW
Q2 2024 157$1.1BMSFT, AAPL, BRK.B, URI, LOW
Q1 2024 161$1.0BMSFT, BRK.B, AAPL, URI, LOW