EFG International AG
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), EFG International AG reported 1,018 stock positions worth $4.6 billion. Its top holding was Nvidia (NVDA) at 4.8% of the portfolio, followed by Microsoft (MSFT, 4.1%) and Apple (AAPL, 3.5%). Compared with Q4 2025, it opened 231 new positions, sold out of 83, added to 266 and reduced 351. The biggest buy was Johnson & Johnson (JNJ, shares +169%) and the biggest sale Microsoft (MSFT, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- Zurich, V8
- CIK
- 0002109868
- Portfolio Value
- $4.6B (Q1 2026)
- SEC Filing
- 0002109868-26-000006 ↗ filed May 15, 2026
Holdings Value
Holdings 1,018 stocks · $4.6B
| NVDA Nvidia Corp. | 4.78% | 1,265,552 | $220.7M | Reduce -27.3% |
| MSFT Microsoft Corp. | 4.07% | 506,603 | $187.6M | Reduce -16.7% |
| AAPL Apple Inc. | 3.50% | 636,835 | $161.7M | Add +32.5% |
| AMZN Amazon.com Inc. | 3.46% | 766,466 | $159.7M | Reduce -7.9% |
| JPM JPMorgan Chase & Co. | 2.51% | 394,138 | $116.0M | Reduce -27.4% |
| GOOG Alphabet Inc. Class C | 2.47% | 397,681 | $114.1M | Reduce -9.0% |
| TSM Taiwan Semiconductor-SP ADR | 2.38% | 325,135 | $109.8M | Reduce -24.3% |
| AVGO Broadcom Inc. | 2.30% | 343,361 | $106.3M | Reduce -30.4% |
| JNJ Johnson & Johnson | 2.10% | 396,636 | $97.0M | Add +169.2% |
| META Meta Platforms Inc. Class A | 1.92% | 155,120 | $88.8M | Reduce -28.1% |
| MA Mastercard Inc. Class A | 1.91% | 175,884 | $87.9M | Add +8.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.84% | 1,741,866 | $84.9M | Add +46.2% |
| AMAT Applied Materials Inc. | 1.74% | 234,330 | $80.1M | Add +157.7% |
| FANG Diamondback Energy Inc. | 1.63% | 379,096 | $75.0M | Add +111.5% |
| GOOGL Alphabet Inc. Class A | 1.58% | 253,474 | $72.9M | Reduce -15.5% |
| LLY Eli Lilly & Co. | 1.44% | 72,045 | $66.3M | Reduce -34.9% |
| UNP Union Pacific Corp. | 1.42% | 269,293 | $65.4M | Add +15.5% |
| WMT Walmart Inc. | 1.26% | 467,277 | $58.1M | Add +221.5% |
| PHM Pultegroup Inc. | 1.23% | 483,969 | $57.0M | Reduce -6.6% |
| HEI.A Heico Corp. Class A | 1.20% | 262,164 | $55.4M | Add +24.6% |
| VMC Vulcan Materials Co. | 1.17% | 197,755 | $53.9M | Add +74.6% |
| MCK McKesson Corp. | 1.13% | 60,184 | $52.1M | Reduce -23.0% |
| RACE Ferrari NV | 1.06% | 144,823 | $49.0M | Add +1448.7% |
| CME Cme Group Inc. | 1.04% | 162,694 | $48.1M | Add +7.0% |
| URI United Rentals Inc. | 1.04% | 65,577 | $47.8M | Reduce -27.7% |
| ULTA Ulta Beauty Inc. | 0.95% | 83,816 | $43.8M | Reduce -4.4% |
| IBN Icici Bank Ltd.-Spon ADR | 0.81% | 1,445,878 | $37.4M | Add +75.6% |
| NFLX Netflix Inc. | 0.81% | 387,893 | $37.3M | Reduce -46.0% |
| AZN Astrazeneca PLC | 0.76% | 178,185 | $35.1M | New |
| UBS UBS Group AG-Reg | 0.76% | 892,831 | $34.9M | Add +69.6% |
| CEG Constellation Energy | 0.75% | 123,259 | $34.4M | Reduce -7.2% |
| AMCR Amcor PLC | 0.66% | 771,324 | $30.7M | Add +355.4% |
| MELI MercadoLibre Inc. | 0.63% | 16,794 | $29.0M | Reduce -22.6% |
| VOO Vanguard S&P 500 ETF | 0.56% | 43,053 | $25.7M | Add +13.4% |
| VRT Vertiv Holdings Co. Class A | 0.53% | 97,085 | $24.3M | Reduce -16.1% |
| TSLA Tesla Inc. | 0.49% | 61,024 | $22.7M | Reduce -24.3% |
| IJR iShares Core S&P Small-Cap E | 0.49% | 180,846 | $22.5M | Reduce -1.6% |
| MDT Medtronic PLC | 0.47% | 249,338 | $21.6M | Add +14.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.46% | 133,778 | $21.4M | Add +7.3% |
| DHR Danaher Corp. | 0.46% | 110,638 | $21.0M | Reduce -63.8% |
| PEP Pepsico Inc. | 0.43% | 128,246 | $19.9M | Reduce -49.3% |
| AMD Advanced Micro Devices | 0.41% | 94,092 | $19.1M | Add +101.9% |
| MCD McDonald's Corp. | 0.41% | 61,191 | $19.0M | Reduce -51.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 39,466 | $18.9M | Reduce -3.0% |
| SPGI S&P Global Inc. | 0.35% | 37,723 | $16.1M | Reduce -77.3% |
| MRK Merck & Co. Inc. | 0.34% | 130,704 | $15.7M | Add +52.5% |
| PLTR Palantir Technologies Inc. Class A | 0.34% | 106,471 | $15.6M | Add +20.0% |
| ABBV Abbvie Inc. | 0.34% | 71,231 | $15.5M | Add +12.4% |
| PWR Quanta Services Inc. | 0.33% | 27,779 | $15.3M | Reduce -20.0% |
| IAU iShares Gold Trust | 0.33% | 171,740 | $15.1M | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.32% | 22,796 | $14.8M | Reduce -10.5% |
| EEM iShares MSCI Emerging Market | 0.32% | 259,266 | $14.7M | Add +26.3% |
| AXON Axon Enterprise Inc. | 0.32% | 34,373 | $14.6M | Add +22.8% |
| PPA Invesco Aerospace & Defense | 0.31% | 85,918 | $14.2M | Reduce -2.5% |
| HLT Hilton Worldwide Holdings Inc. | 0.30% | 45,525 | $13.8M | Reduce -2.5% |
| LOGI Logitech International-Reg | 0.30% | 151,100 | $13.7M | Add +26.7% |
| NET Cloudflare Inc. Class A | 0.29% | 65,185 | $13.5M | Reduce -1.9% |
| GEV GE Vernova Inc. | 0.28% | 15,054 | $13.1M | Add +251.0% |
| HD Home Depot Inc. | 0.28% | 39,592 | $13.0M | Add +8.4% |
| IVV iShares Core S&P 500 ETF | 0.28% | 19,573 | $12.8M | Add +67.2% |
| EWJ iShares MSCI Japan ETF | 0.28% | 151,196 | $12.8M | Reduce -7.7% |
| AMRZ Amrize Ltd. | 0.28% | 226,548 | $12.7M | Add +65.1% |
| NSC Norfolk Southern Corp. | 0.27% | 43,302 | $12.4M | Add +14.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.27% | 45,036 | $12.4M | Add +21.4% |
| NOW ServiceNow Inc. | 0.25% | 111,634 | $11.7M | Reduce -58.9% |
| CCJ Cameco Corp. | 0.25% | 106,956 | $11.6M | Reduce -9.0% |
| V Visa Inc. Class A | 0.25% | 37,545 | $11.3M | Reduce -32.3% |
| GLD SPDR Gold Shares | 0.25% | 26,321 | $11.3M | Reduce -10.7% |
| VLUE iShares MSCI USA Value Facto | 0.24% | 77,787 | $11.1M | Reduce -0.6% |
| ALC Alcon Inc. filed as ALCON AG | 0.24% | 144,851 | $10.9M | Add +217.9% |
| NEE Nextera Energy Inc. | 0.24% | 117,102 | $10.9M | Add +36.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 18,510 | $10.7M | Reduce -13.6% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.23% | 97,065 | $10.6M | Add +0.6% |
| ANET Arista Networks Inc. | 0.22% | 84,312 | $10.4M | Reduce -16.3% |
| IDXX Idexx Laboratories Inc. | 0.22% | 17,815 | $10.0M | Reduce -3.4% |
| PANW Palo Alto Networks Inc. | 0.22% | 62,306 | $10.0M | Reduce -5.5% |
| WSM Williams-Sonoma Inc. | 0.22% | 54,792 | $10.0M | Add +1.4% |
| DDOG Datadog Inc. Class A | 0.22% | 84,048 | $9.9M | Reduce -0.6% |
| BLK BlackRock Inc. | 0.21% | 10,234 | $9.8M | Add +17.2% |
| ITA iShares U.S. Aerospace & Def | 0.21% | 44,711 | $9.8M | Add +54.1% |
| ACWI iShares MSCI Acwi ETF | 0.21% | 70,625 | $9.8M | Reduce -17.7% |
| RDDT Reddit Inc. Class A | 0.21% | 71,856 | $9.7M | Add +1.0% |
| LRCX Lam Research Corp. | 0.21% | 45,073 | $9.6M | Reduce -36.3% |
| HWM Howmet Aerospace Inc. | 0.20% | 40,110 | $9.2M | Add +31.1% |
| KMI Kinder Morgan Inc. | 0.20% | 275,225 | $9.2M | Reduce -0.5% |
| NTRA Natera Inc. | 0.20% | 45,198 | $9.0M | Reduce -3.4% |
| SHOP Shopify Inc. Class A | 0.20% | 75,832 | $9.0M | Reduce -6.6% |
| TTE Totalenergies SE | 0.20% | 98,871 | $9.0M | Reduce -16.3% |
| ETN Eaton Corp. PLC | 0.19% | 25,037 | $9.0M | Add +9.8% |
| ANF Abercrombie & Fitch Co. Class A | 0.19% | 97,714 | $8.9M | Reduce -3.7% |
| RL Ralph Lauren Corp. | 0.19% | 25,219 | $8.7M | Reduce -13.1% |
| QCOM Qualcomm Inc. | 0.19% | 67,121 | $8.6M | Reduce -37.3% |
| COST Costco Wholesale Corp. | 0.19% | 8,653 | $8.6M | Reduce -22.0% |
| FCX Freeport-McMoran Inc. | 0.19% | 146,367 | $8.6M | Reduce -9.7% |
| SNOW Snowflake Inc. | 0.18% | 56,086 | $8.5M | Reduce -1.3% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.18% | 25,565 | $8.5M | Reduce -3.2% |
| SHAK Shake Shack Inc. Class A | 0.18% | 94,966 | $8.4M | Reduce -2.8% |
| ROK Rockwell Automation Inc. | 0.18% | 23,215 | $8.3M | Reduce -17.0% |
| CSCO Cisco Systems Inc. | 0.18% | 106,495 | $8.3M | Reduce -24.4% |
| SPOT Spotify Technology SA | 0.17% | 16,612 | $8.1M | Add +30.8% |
Options reported separately and not counted above: GLD puts ($5.7M), ORCL calls ($4.5M), SLV puts ($1.7M).
Other holdings (19): bonds, preferreds, convertibles and warrants · $50.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 6,700,000 | $7.5M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 3,500,000 | $4.7M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 3,500,000 | $4.2M | New |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 3,900,000 | $3.8M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 2,600,000 | $3.6M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 3,500,000 | $3.5M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 3,000,000 | $3.4M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,000,000 | $2.6M | New |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 2,000,000 | $2.0M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 2,000,000 | $2.0M | New |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 2,000,000 | $1.9M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 1,800,000 | $1.8M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 1,200,000 | $1.7M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,000,000 | $1.5M | New |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 1,267,000 | $1.3M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 750,000 | $1.2M | New |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 1,200,000 | $1.2M | New |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 1,200,000 | $1.1M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 1,000,000 | $960K | New |
Total filed on the 13F, all lines: $4.7B.
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -16.7% | 4.07% | −1.62 |
| NVDA Nvidia Corp. | Reduce -27.3% | 4.78% | −1.49 |
| SPGI S&P Global Inc. | Reduce -77.3% | 0.35% | −1.33 |
| AVGO Broadcom Inc. | Reduce -30.4% | 2.30% | −1.00 |
| DHR Danaher Corp. | Reduce -63.8% | 0.46% | −0.90 |
| JPM JPMorgan Chase & Co. | Reduce -27.4% | 2.51% | −0.87 |
| LLY Eli Lilly & Co. | Reduce -34.9% | 1.44% | −0.86 |
| META Meta Platforms Inc. Class A | Reduce -28.1% | 1.92% | −0.83 |
| NOW ServiceNow Inc. | Reduce -58.9% | 0.25% | −0.55 |
| NFLX Netflix Inc. | Reduce -46.0% | 0.81% | −0.49 |
| AWK American Water Works Co. Inc. | Reduce -83.6% | 0.11% | −0.46 |
| URI United Rentals Inc. | Reduce -27.7% | 1.04% | −0.39 |
| MCD McDonald's Corp. | Reduce -51.7% | 0.41% | −0.34 |
| PEP Pepsico Inc. | Reduce -49.3% | 0.43% | −0.27 |
| TMO Thermo Fisher Scientific Inc. | Reduce -59.0% | 0.17% | −0.27 |
| AMZN Amazon.com Inc. | Reduce -7.9% | 3.46% | −0.25 |
| GOOGL Alphabet Inc. Class A | Reduce -15.5% | 1.58% | −0.24 |
| MELI MercadoLibre Inc. | Reduce -22.6% | 0.63% | −0.22 |
| TSLA Tesla Inc. | Reduce -24.3% | 0.49% | −0.21 |
| ADBE Adobe Inc. | Reduce -61.8% | 0.08% | −0.20 |
| GOOG Alphabet Inc. Class C | Reduce -9.0% | 2.47% | −0.18 |
| QCOM Qualcomm Inc. | Reduce -37.3% | 0.19% | −0.17 |
| CEG Constellation Energy | Reduce -7.2% | 0.75% | −0.16 |
| ORCL Oracle Corp. | Reduce -72.1% | 0.05% | −0.15 |
| SLV iShares Silver Trust | Reduce -91.4% | 0.02% | −0.15 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -24.3% | 2.38% | −0.14 |
| V Visa Inc. Class A | Reduce -32.3% | 0.25% | −0.13 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -63.5% | 0.07% | −0.12 |
| INTU Intuit Inc. | Reduce -54.9% | 0.06% | −0.11 |
| MCK McKesson Corp. | Reduce -23.0% | 1.13% | −0.11 |
| INTC Intel Corp. | Reduce -63.3% | 0.10% | −0.10 |
| EXPO Exponent Inc. | Reduce -89.8% | 0.01% | −0.10 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -56.9% | 0.05% | −0.10 |
| DOCS Doximity Inc. Class A | Reduce -99.7% | 0.00% | −0.09 |
| CVLT Commvault Systems Inc. | Sold out | 0.00% | −0.09 |
| EVR Evercore Inc. Class A | Reduce -46.0% | 0.09% | −0.08 |
| VRSK Verisk Analytics Inc. | Reduce -66.4% | 0.04% | −0.08 |
| ULTA Ulta Beauty Inc. | Reduce -4.4% | 0.95% | −0.08 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −0.08 |
| CRM Salesforce Inc. | Reduce -19.8% | 0.12% | −0.07 |
| ARES Ares Management Corp. Class A | Reduce -6.5% | 0.17% | −0.07 |
| PEN Penumbra Inc. | Sold out | 0.00% | −0.07 |
| TPH Tri Pointe Homes Inc. | Sold out | 0.00% | −0.06 |
| INSP Inspire Medical Systems Inc. | Sold out | 0.00% | −0.06 |
| MU Micron Technology Inc. | Reduce -45.1% | 0.16% | −0.06 |
| SNOW Snowflake Inc. | Reduce -1.3% | 0.18% | −0.06 |
| SHOP Shopify Inc. Class A | Reduce -6.6% | 0.20% | −0.06 |
| VERX Vertex Inc. Class A | Sold out | 0.00% | −0.06 |
| ALAB Astera Labs Inc. | Reduce -2.6% | 0.14% | −0.06 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -3.7% | 0.19% | −0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| JNJ Johnson & Johnson | Add +169.2% | 2.10% | +1.51 |
| AMAT Applied Materials Inc. | Add +157.7% | 1.74% | +1.28 |
| FANG Diamondback Energy Inc. | Add +111.5% | 1.63% | +1.10 |
| RACE Ferrari NV | Add +1448.7% | 1.06% | +1.00 |
| AAPL Apple Inc. | Add +32.5% | 3.50% | +0.98 |
| WMT Walmart Inc. | Add +221.5% | 1.26% | +0.95 |
| AZN Astrazeneca PLC | New | 0.76% | +0.76 |
| BAC Bank of America Corp. | Add +46.2% | 1.84% | +0.57 |
| VMC Vulcan Materials Co. | Add +74.6% | 1.17% | +0.54 |
| AMCR Amcor PLC | Add +355.4% | 0.66% | +0.53 |
| UNP Union Pacific Corp. | Add +15.5% | 1.42% | +0.37 |
| IBN Icici Bank Ltd.-Spon ADR | Add +75.6% | 0.81% | +0.34 |
| UBS UBS Group AG-Reg | Add +69.6% | 0.76% | +0.28 |
| CME Cme Group Inc. | Add +7.0% | 1.04% | +0.24 |
| GEV GE Vernova Inc. | Add +251.0% | 0.28% | +0.23 |
| AMD Advanced Micro Devices | Add +101.9% | 0.41% | +0.22 |
| HEI.A Heico Corp. Class A | Add +24.6% | 1.20% | +0.17 |
| ALC Alcon Inc. | Add +217.9% | 0.24% | +0.17 |
| MRK Merck & Co. Inc. | Add +52.5% | 0.34% | +0.17 |
| AMRZ Amrize Ltd. | Add +65.1% | 0.28% | +0.13 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.13% | +0.13 |
| IVV iShares Core S&P 500 ETF | Add +67.2% | 0.28% | +0.12 |
| ARM Arm Holdings PLC-ADR | Add +849.1% | 0.12% | +0.12 |
| MA Mastercard Inc. Class A | Add +8.4% | 1.91% | +0.11 |
| MUB iShares National Muni Bond E | New | 0.11% | +0.11 |
| NEE Nextera Energy Inc. | Add +36.8% | 0.24% | +0.10 |
| EEM iShares MSCI Emerging Market | Add +26.3% | 0.32% | +0.10 |
| VOO Vanguard S&P 500 ETF | Add +13.4% | 0.56% | +0.10 |
| TJX TJX Companies Inc. | Add +7.3% | 0.46% | +0.09 |
| ITA iShares U.S. Aerospace & Def | Add +54.1% | 0.21% | +0.09 |
| HWM Howmet Aerospace Inc. | Add +31.1% | 0.20% | +0.08 |
| ASTS Ast Spacemobile Inc. | Add +53.1% | 0.16% | +0.08 |
| BMI Badger Meter Inc. | New | 0.07% | +0.07 |
| CL Colgate-Palmolive Co. | Add +158.3% | 0.11% | +0.07 |
| EWZ iShares MSCI Brazil ETF | Add +151.5% | 0.10% | +0.07 |
| INSM Insmed Inc. | Add +85.4% | 0.14% | +0.07 |
| RCL Royal Caribbean Cruises Ltd. | Add +21.4% | 0.27% | +0.07 |
| XOM Exxon Mobil Corp. | Add +11.0% | 0.16% | +0.07 |
| FROG Jfrog Ltd. | New | 0.07% | +0.07 |
| ENS Enersys | New | 0.07% | +0.07 |
| LOGI Logitech International-Reg | Add +26.7% | 0.30% | +0.07 |
| MDT Medtronic PLC | Add +14.3% | 0.47% | +0.06 |
| ATMU Atmus Filtration Technologie | New | 0.06% | +0.06 |
| IGEB iShares Investment Grade SYS | New | 0.06% | +0.06 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Add +34.1% | 0.16% | +0.06 |
| VICR Vicor Corp. | New | 0.06% | +0.06 |
| HG Hamilton Insurance Grou Class B | New | 0.06% | +0.06 |
| KO The Coca-Cola Co. | Add +33.2% | 0.15% | +0.06 |
| NSC Norfolk Southern Corp. | Add +14.1% | 0.27% | +0.06 |
| RING iShares MSCI Global Gold Min | Add +36.4% | 0.15% | +0.06 |
Options Activity Q4 2025 → Q1 2026
| GLD SPDR Gold Shares | put | New | 13,300 | $5.7M |
| ORCL Oracle Corp. | call | New | 30,400 | $4.5M |
| SLV iShares Silver Trust | put | New | 24,500 | $1.7M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 6,700,000 | $7.5M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 3,500,000 | $4.7M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | New | 3,500,000 | $4.2M |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | New | 3,900,000 | $3.8M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 2,600,000 | $3.6M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 3,500,000 | $3.5M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | New | 3,000,000 | $3.4M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | New | 2,000,000 | $2.6M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | New | 2,000,000 | $2.0M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 2,000,000 | $2.0M |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | New | 2,000,000 | $1.9M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | New | 1,800,000 | $1.8M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 1,200,000 | $1.7M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 1,000,000 | $1.5M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | New | 1,267,000 | $1.3M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 750,000 | $1.2M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 1,200,000 | $1.2M |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | New | 1,200,000 | $1.1M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 1,000,000 | $960K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.