Employees Retirement System of Texas

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Employees Retirement System of Texas reported 492 stock positions worth $10.5 billion. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Nvidia (NVDA, 6.5%) and Apple (AAPL, 5.9%). Compared with Q3 2025, it opened 61 new positions, sold out of 72, added to 88 and reduced 126. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale Vanguard Ftse Developed ETF (VEA, shares −73%).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001398739
Portfolio Value
$10.5B (Q4 2025)
SEC Filing
0001398739-26-000004 ↗ filed Feb 9, 2026

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $9.1B Q1 2024 Q2 2024: $9.1B Q2 2024 Q3 2024: $9.8B Q3 2024 Q4 2024: $10.0B Q4 2024 Q1 2025: $9.1B Q1 2025 Q2 2025: $10.4B Q2 2025 Q3 2025: $10.6B Q3 2025 Q4 2025: $10.5B $10.5B Q4 2025 Q1 2026: $9.6B Q1 2026 Q2 2026: $10.8B Q2 2026

Holdings 492 stocks · $10.5B
MSFT Microsoft Corp. 6.57% 1,427,610 $690.4M Add +11.2%
NVDA Nvidia Corp. 6.50% 3,662,968 $683.1M Reduce -1.7%
AAPL Apple Inc. 5.87% 2,268,191 $616.6M Reduce -7.0%
AMZN Amazon.com Inc. 4.25% 1,935,809 $446.8M Add +5.8%
GOOG Alphabet Inc. Class C 3.47% 1,161,911 $364.6M Reduce -5.6%
AVGO Broadcom Inc. 2.78% 844,380 $292.2M Add +9.0%
META Meta Platforms Inc. Class A 2.45% 389,372 $257.0M Reduce -9.6%
VOO Vanguard S&P 500 ETF 2.41% 403,400 $253.0M New
MA Mastercard Inc. Class A 2.08% 382,078 $218.1M Reduce -1.5%
LLY Eli Lilly & Co. 1.86% 182,100 $195.7M Reduce -1.7%
TSLA Tesla Inc. 1.71% 399,856 $179.8M Reduce -1.7%
JPM JPMorgan Chase & Co. 1.66% 541,000 $174.3M Reduce -1.8%
GOOGL Alphabet Inc. Class A 1.49% 499,980 $156.5M Add +8.7%
XOM Exxon Mobil Corp. 1.43% 1,245,746 $149.9M Add +4.0%
NEM Newmont Corp. 1.31% 1,380,471 $137.8M Add +22.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.29% 2,469,085 $135.8M Reduce -3.6%
WMT Walmart Inc. 1.19% 1,123,700 $125.2M Reduce -1.8%
PANW Palo Alto Networks Inc. 1.16% 661,826 $121.9M Add +23.9%
PH Parker Hannifin Corp. 1.11% 133,236 $117.1M Reduce -1.7%
KO The Coca-Cola Co. 1.08% 1,629,273 $113.9M Add +0.8%
VEA Vanguard Ftse Developed ETF 1.07% 1,798,331 $112.3M Reduce -73.1%
COST Costco Wholesale Corp. 1.04% 126,915 $109.4M Add +29.1%
FCX Freeport-McMoran Inc. 0.99% 2,050,591 $104.2M Add +28.9%
XLI SS Industrial Select Sector 0.98% 662,800 $102.8M Add +5.0%
TMO Thermo Fisher Scientific Inc. 0.97% 175,555 $101.7M Add +26.7%
UNH Unitedhealth Group Inc. 0.94% 299,560 $98.9M Add +5.1%
HD Home Depot Inc. 0.90% 275,875 $94.9M Reduce -1.5%
DHR Danaher Corp. 0.90% 414,438 $94.9M Add +30.4%
MSI Motorola Solutions Inc. 0.86% 236,262 $90.6M Add +32.2%
CDNS Cadence Design SYS Inc. 0.86% 287,581 $89.9M Add +12.4%
SCHW Schwab (charles) Corp. 0.85% 890,067 $88.9M Reduce -3.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.85% 578,729 $88.9M Reduce -1.6%
XBI SS SPDR S&P Biotech ETF 0.84% 725,272 $88.4M Reduce -1.8%
ANET Arista Networks Inc. 0.83% 668,391 $87.6M Add +12.8%
MS Morgan Stanley 0.82% 482,500 $85.7M Add +15.6%
AMD Advanced Micro Devices 0.80% 391,075 $83.8M New
MDT Medtronic PLC 0.79% 862,697 $82.9M Reduce -3.2%
MELI MercadoLibre Inc. 0.77% 40,184 $80.9M Add +18.2%
FITB Fifth Third Bancorp 0.76% 1,714,700 $80.3M Reduce -1.8%
NOW ServiceNow Inc. 0.74% 505,757 $77.5M Add +5.8%
ICE Intercontinental Exchange Inc. 0.72% 466,514 $75.6M Reduce -11.3%
ALLY Ally Financial Inc. 0.72% 1,666,846 $75.5M Reduce -1.8%
AXP American Express Co. 0.68% 193,000 $71.4M Reduce -1.7%
WEC WEC Energy Group Inc. 0.66% 659,533 $69.6M Reduce -1.8%
SYK Stryker Corp. 0.66% 197,000 $69.2M Reduce -1.6%
HIG Hartford Insurance Group Inc. 0.65% 495,607 $68.3M Reduce -1.6%
VTR Ventas Inc. 0.65% 881,026 $68.2M Reduce -0.2%
AZO AutoZone Inc. 0.64% 19,777 $67.1M Reduce -1.5%
MNST Monster Beverage Corp. 0.63% 865,049 $66.3M Reduce -1.6%
BSX Boston Scientific Corp. 0.62% 687,751 $65.6M Add +23.9%
ETR Entergy Corp. 0.62% 707,275 $65.4M Reduce -1.8%
UBER Uber Technologies Inc. 0.62% 794,550 $64.9M Reduce -30.2%
LPLA LPL Financial Holdings Inc. 0.60% 176,200 $62.9M Add +9.1%
TMUS T-Mobile US Inc. 0.58% 299,836 $60.9M Reduce -1.5%
EQIX Equinix Inc. 0.57% 78,439 $60.1M Reduce -0.3%
PLD Prologis Inc. 0.56% 462,067 $59.0M Reduce -1.7%
WM Waste Management Inc. 0.56% 267,218 $58.7M Reduce -3.1%
SPOT Spotify Technology SA 0.55% 100,209 $58.2M Add +2886.0%
MCK McKesson Corp. 0.53% 68,117 $55.9M Reduce -1.6%
ETN Eaton Corp. PLC 0.53% 175,233 $55.8M Reduce -1.7%
FLUT Flutter Entertainment PLC-Di 0.53% 257,400 $55.4M Reduce -1.8%
TDG Transdigm Group Inc. 0.51% 40,587 $54.0M Reduce -1.7%
AME Ametek Inc. 0.51% 262,148 $53.8M New
NXPI NXP Semiconductors NV 0.51% 245,181 $53.2M Reduce -19.2%
NFLX Netflix Inc. 0.50% 562,728 $52.8M Reduce -51.0%
ZTS Zoetis Inc. 0.48% 398,709 $50.2M Reduce -1.7%
FMX Fomento Economico Mex-SP ADR 0.47% 493,602 $49.9M Reduce -4.0%
ET Energy Transfer LP 0.45% 2,834,057 $46.7M Reduce -1.8%
FAST Fastenal Co. 0.44% 1,146,011 $46.0M Add +780.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.43% 174,000 $45.0M Reduce -1.8%
ODFL Old Dominion Freight Line 0.43% 285,219 $44.7M Reduce -1.6%
TT Trane Technologies PLC 0.43% 114,774 $44.7M Add +6223.6%
SLB SLB Ltd. filed as SLB LIMITED 0.43% 1,163,607 $44.7M Reduce -1.8%
VRT Vertiv Holdings Co. Class A 0.42% 273,879 $44.4M Reduce -44.0%
GEHC GE Healthcare Technology 0.42% 535,700 $43.9M Reduce -22.9%
ISRG Intuitive Surgical Inc. 0.41% 76,841 $43.5M Add +558.9%
LNG Cheniere Energy Inc. 0.40% 216,273 $42.0M Reduce -1.7%
BA The Boeing Co. 0.39% 189,201 $41.1M Reduce -60.0%
TOST Toast Inc. Class A 0.38% 1,114,408 $39.6M Add +23078.2%
PSA Public Storage 0.36% 147,650 $38.3M Reduce -1.7%
WSO Watsco Inc. 0.36% 112,601 $37.9M Add +1869.2%
DXCM Dexcom Inc. 0.36% 570,600 $37.9M New
NI Nisource Inc. 0.35% 877,729 $36.7M Reduce -1.8%
ADBE Adobe Inc. 0.30% 89,675 $31.4M No change
APH Amphenol Corp. Class A 0.29% 223,954 $30.3M Reduce -12.1%
IAU iShares Gold Trust 0.19% 244,500 $19.8M New
PM Philip Morris International 0.18% 117,747 $18.9M Reduce -37.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 150,623 $17.1M Reduce -76.3%
FET Forum Energy Technologies Inc. 0.16% 441,787 $16.3M No change
ASML ASML Holding NV-NY Reg SHS 0.15% 14,539 $15.6M Add +28978.0%
LVS Las Vegas Sands Corp. 0.14% 221,950 $14.4M Add +7.4%
CRM Salesforce Inc. 0.13% 51,715 $13.7M Add +32.4%
TSM Taiwan Semiconductor-SP ADR 0.13% 43,500 $13.2M Reduce -10.9%
BMY Bristol-Myers Squibb Co. 0.13% 244,257 $13.2M No change
LRCX Lam Research Corp. 0.12% 75,560 $12.9M No change
MRK Merck & Co. Inc. 0.12% 116,454 $12.3M No change
BKNG Booking Holdings Inc. 0.11% 2,238 $12.0M No change
CB Chubb Ltd. 0.11% 37,932 $11.8M Reduce -39.8%
XLY SS Consumer Disc Select Sect 0.11% 96,400 $11.5M Reduce -75.4%
T AT&T Inc. 0.11% 453,134 $11.3M Reduce -41.7%
PGR Progressive Corp. 0.10% 47,920 $10.9M Reduce -31.6%
TEL Te Connectivity PLC 0.10% 47,077 $10.7M Add +1410.8%
LIN Linde PLC 0.10% 24,091 $10.3M Add +38.5%
CME Cme Group Inc. 0.10% 37,527 $10.2M Reduce -25.2%
JBL Jabil Inc. 0.10% 43,924 $10.0M Reduce -28.1%
EMXC iShares MSCI Emr MRK Ex Chna 0.09% 137,000 $10.0M New
WPM Wheaton Precious Metals Corp. 0.09% 82,294 $9.7M Add +94.5%
SNDK Sandisk Corp. 0.08% 37,512 $8.9M No change
CLS Celestica Inc. 0.08% 29,919 $8.8M Reduce -9.5%
SHOP Shopify Inc. Class A 0.08% 54,624 $8.8M Reduce -27.0%
CSCO Cisco Systems Inc. 0.08% 113,202 $8.7M No change
MO Altria Group Inc. 0.08% 145,026 $8.4M Reduce -46.4%
ORLY O'reilly Automotive Inc. 0.08% 88,005 $8.0M No change
EW Edwards Lifesciences Corp. 0.08% 94,100 $8.0M No change
INTU Intuit Inc. 0.07% 11,869 $7.9M Add +60.6%
DASH DoorDash Inc. Class A 0.07% 32,856 $7.4M Reduce -8.0%
FTNT Fortinet Inc. 0.07% 93,293 $7.4M Add +61.7%
CVS CVS Health Corp. 0.07% 90,897 $7.2M No change
MTD Mettler-Toledo International 0.07% 5,119 $7.1M Add +1.0%
NET Cloudflare Inc. Class A 0.07% 35,223 $6.9M Reduce -18.0%
RMD Resmed Inc. 0.07% 28,780 $6.9M Add +29.1%
FERG Ferguson Enterprises Inc. 0.06% 30,600 $6.8M Reduce -9.4%
CI The Cigna Group 0.06% 24,256 $6.7M Reduce -39.9%
CTSH Cognizant Tech Solutions-A 0.06% 76,507 $6.3M No change
MCO Moody's Corp. 0.06% 11,900 $6.1M No change
UPS United Parcel Service Class B 0.06% 59,462 $5.9M Add +75.2%
AEM Agnico Eagle Mines Ltd. 0.06% 34,471 $5.8M Reduce -20.8%
AEP American Electric Power 0.06% 50,566 $5.8M Reduce -52.9%
KGC Kinross Gold Corp. 0.05% 204,644 $5.8M No change
ADP Automatic Data Processing 0.05% 22,200 $5.7M No change
GLW Corning Inc. 0.05% 65,194 $5.7M No change
KLAC KLA Corp. 0.05% 4,696 $5.7M Reduce -18.3%
IDXX Idexx Laboratories Inc. 0.05% 8,406 $5.7M Reduce -21.3%
AMT American Tower Corp. 0.05% 31,234 $5.5M No change
VZ Verizon Communications Inc. 0.05% 133,689 $5.4M Reduce -62.0%
V Visa Inc. Class A 0.05% 15,500 $5.4M Reduce -47.2%
CPRT Copart Inc. 0.05% 138,400 $5.4M Add +19.5%
EBAY eBay Inc. 0.05% 61,287 $5.3M Reduce -42.2%
VRSN Verisign Inc. 0.05% 21,954 $5.3M No change
EG Everest Group Ltd. 0.05% 15,547 $5.3M Reduce -44.0%
CX Cemex Sab-Spons ADR Part Cer 0.05% 453,092 $5.2M Add +130.0%
B Barrick Mining Corp. 0.05% 118,586 $5.2M No change
HBM Hudbay Minerals Inc. 0.05% 255,046 $5.1M No change
JNJ Johnson & Johnson 0.05% 23,345 $4.8M Reduce -35.4%
ELV Elevance Health Inc. 0.05% 13,744 $4.8M No change
PLTR Palantir Technologies Inc. Class A 0.04% 25,474 $4.5M Add +4600.0%
AIG American International Group 0.04% 52,305 $4.5M Reduce -54.8%
ALL Allstate Corp. 0.04% 21,017 $4.4M Reduce -21.4%
BBD Banco Bradesco-ADR 0.04% 1,307,728 $4.4M Add +102.8%
CSGP Costar Group Inc. 0.04% 63,224 $4.3M Add +52.8%
WDAY Workday Inc. Class A 0.04% 19,742 $4.2M Add +32.3%
IBN Icici Bank Ltd.-Spon ADR 0.04% 139,859 $4.2M Reduce -47.6%
DUK Duke Energy Corp. 0.04% 35,256 $4.1M Reduce -54.6%
HDB HDFC Bank Ltd.-ADR 0.04% 109,672 $4.0M Reduce -45.9%
AON Aon PLC Class A 0.04% 11,301 $4.0M Reduce -44.0%
LOGI Logitech International-Reg 0.04% 39,289 $3.9M No change
ALNY Alnylam Pharmaceuticals Inc. 0.04% 9,792 $3.9M No change
TXN Texas Instruments Inc. 0.04% 22,100 $3.8M No change
INFY Infosys Ltd.-SP ADR 0.04% 214,120 $3.8M Add +21.6%
GH Guardant Health Inc. 0.04% 37,287 $3.8M No change
MU Micron Technology Inc. 0.04% 13,200 $3.8M New
AFL Aflac Inc. 0.04% 33,948 $3.7M New
TPR Tapestry Inc. 0.03% 28,623 $3.7M No change
W Wayfair Inc. Class A 0.03% 35,897 $3.6M No change
WST West Pharmaceutical Services 0.03% 12,966 $3.6M Add +6.3%
HLT Hilton Worldwide Holdings Inc. 0.03% 12,316 $3.5M Add +389.5%
XEL Xcel Energy Inc. 0.03% 45,867 $3.4M Reduce -50.9%
CHKP Check Point Software Tech 0.03% 17,883 $3.3M Reduce -20.1%
WTW Willis Towers Watson PLC 0.03% 9,505 $3.1M Reduce -44.0%
RBLX Roblox Corp. Class A 0.03% 37,938 $3.1M Reduce -55.9%
AXS Axis Capital Holdings Ltd. 0.03% 28,417 $3.0M Reduce -43.5%
ENSG The Ensign Group Inc. 0.03% 16,927 $2.9M Add +39.9%
NKE Nike Inc. Class B 0.03% 46,000 $2.9M No change
STX Seagate Technology Holdings 0.03% 10,443 $2.9M No change
EXC Exelon Corp. 0.03% 65,029 $2.8M Reduce -60.2%
APP AppLovin Corp. Class A 0.03% 4,172 $2.8M Reduce -29.5%
SNOW Snowflake Inc. 0.03% 12,791 $2.8M Reduce -48.3%
AU Anglogold Ashanti PLC 0.03% 32,759 $2.8M No change
IOT Samsara Inc. Class A 0.03% 77,120 $2.7M Add +34.0%
DDOG Datadog Inc. Class A 0.03% 19,948 $2.7M No change
AWK American Water Works Co. Inc. 0.03% 20,549 $2.7M Reduce -7.3%
AFRM Affirm Holdings Inc. 0.03% 35,771 $2.7M No change
KR Kroger Co. 0.03% 42,442 $2.7M Reduce -36.0%
ITUB Itau Unibanco H-Spon PRF ADR 0.03% 370,217 $2.7M Reduce -49.4%
BTI British American Tob-SP ADR 0.03% 46,386 $2.6M Reduce -46.3%
NEE Nextera Energy Inc. 0.02% 31,510 $2.5M Reduce -50.9%
CPNG Coupang Inc. 0.02% 105,011 $2.5M Add +24.0%
PEN Penumbra Inc. 0.02% 7,749 $2.4M No change
BRK.B Berkshire Hathaway Inc. Class B 0.02% 4,779 $2.4M New
SU Suncor Energy Inc. 0.02% 53,681 $2.4M No change
PODD Insulet Corp. 0.02% 8,342 $2.4M Add +15.1%
CL Colgate-Palmolive Co. 0.02% 29,556 $2.3M Reduce -96.7%
MCD McDonald's Corp. 0.02% 7,522 $2.3M Add +23.8%
DUOL Duolingo 0.02% 12,921 $2.3M No change
DKNG Draftkings Inc. Class A 0.02% 65,470 $2.3M No change
VALE Vale SA-SP ADR 0.02% 170,991 $2.2M New
BP BP PLC-Spons ADR 0.02% 62,882 $2.2M Reduce -44.0%
LEA Lear Corp. 0.02% 18,955 $2.2M No change
ICLR Icon PLC 0.02% 11,901 $2.2M Reduce -94.8%
LUV Southwest Airlines Co. 0.02% 51,995 $2.1M Reduce -28.4%
EMBJ Embraer SA-Spon ADR 0.02% 32,480 $2.1M No change
TECK Teck Resources Ltd.-CLS B 0.02% 43,477 $2.1M New
GFI Gold Fields Ltd.-Spons ADR 0.02% 45,333 $2.0M New
SN Sharkninja Inc. 0.02% 17,293 $1.9M No change
GEV GE Vernova Inc. 0.02% 2,865 $1.9M No change
MDLN Medline Inc. Class A 0.02% 43,326 $1.8M New
TEM Tempus AI Inc. Class A 0.02% 29,948 $1.8M No change
LMND Lemonade Inc. 0.02% 24,459 $1.7M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.02% 101,130 $1.7M New
ADT Adt Inc. 0.02% 208,658 $1.7M Reduce -36.0%
BAP Credicorp Ltd. 0.02% 5,704 $1.6M Add +4.7%
DRI Darden Restaurants Inc. 0.02% 8,697 $1.6M No change
XYZ Block Inc. 0.02% 24,536 $1.6M No change
DG Dollar General Corp. 0.01% 11,370 $1.5M Add +453.0%
UNP Union Pacific Corp. 0.01% 6,324 $1.5M No change
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.01% 32,692 $1.4M Add +60.2%
PEP Pepsico Inc. 0.01% 10,047 $1.4M Reduce -21.1%
LOW Lowe's Cos Inc. 0.01% 5,913 $1.4M No change
WCN Waste Connections Inc. 0.01% 8,031 $1.4M No change
FIG Figma Inc. Class A 0.01% 37,237 $1.4M New
UTHR United Therapeutics Corp. 0.01% 2,832 $1.4M Add +693.3%
PAAS Pan American Silver Corp. 0.01% 26,321 $1.4M Reduce -40.4%
CMS CMS Energy Corp. 0.01% 19,497 $1.4M Reduce -69.4%
DOCS Doximity Inc. Class A 0.01% 30,007 $1.3M Reduce -1.5%
VRTX Vertex Pharmaceuticals Inc. 0.01% 2,918 $1.3M New
KNF Knife River Corp. 0.01% 18,355 $1.3M No change
ENB Enbridge Inc. 0.01% 26,704 $1.3M Reduce -50.9%
SIMO Silicon Motion Technol-ADR 0.01% 13,285 $1.2M No change
FICO Fair Isaac Corp. 0.01% 728 $1.2M Add +183.3%
NOK Nokia Corp.-Spon ADR 0.01% 186,965 $1.2M No change
SE Sea Ltd.-ADR 0.01% 9,326 $1.2M Reduce -89.7%
MAR Marriott International Class A 0.01% 3,801 $1.2M No change
CMCSA Comcast Corp. Class A 0.01% 39,183 $1.2M No change
INVH Invitation Homes Inc. 0.01% 42,000 $1.2M New
AUR Aurora Innovation Inc. 0.01% 301,808 $1.2M No change
TFX Teleflex Inc. 0.01% 9,308 $1.1M No change
MRNA Moderna Inc. 0.01% 38,329 $1.1M No change
ODD Oddity Tech Ltd. Class A 0.01% 27,069 $1.1M Add +62.2%
HMY Harmony Gold MNG-Spon ADR 0.01% 52,329 $1.0M No change
GMED Globus Medical Inc. Class A 0.01% 11,856 $1.0M New
ABT Abbott Laboratories 0.01% 8,248 $1.0M Reduce -48.6%
REGN Regeneron Pharmaceuticals 0.01% 1,324 $1.0M No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.01% 68,550 $977K Add +200.9%
COO The Cooper Cos Inc. 0.01% 11,700 $959K New
ZBH Zimmer Biomet Holdings Inc. 0.01% 10,600 $953K New
MRSH Marsh & McLennan Cos 0.01% 5,117 $949K Add +1084.5%
HCA HCA Healthcare Inc. 0.01% 1,910 $892K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 7,615 $884K Add +13.9%
BFAM Bright Horizons Family Solut 0.01% 8,721 $884K Add +1932.9%
SHW The Sherwin-Williams Co. 0.01% 2,536 $822K New
RIVN Rivian Automotive Inc. Class A 0.01% 41,115 $810K No change
CTAS Cintas Corp. 0.01% 4,238 $797K No change
DNLI Denali Therapeutics Inc. 0.01% 47,177 $779K Add +7.8%
PBR Petroleo Brasileiro-Spon ADR 0.01% 65,509 $776K Reduce -69.8%
UI Ubiquiti Inc. 0.01% 1,356 $750K No change
LINE Lineage Inc. 0.01% 21,077 $738K No change
ITW Illinois Tool Works 0.01% 2,952 $727K Add +8.3%
PPL PPL Corp. 0.01% 20,756 $727K Reduce -50.9%
KT KT Corp.-SP ADR 0.01% 37,448 $710K Add +35.8%
VLO Valero Energy Corp. 0.01% 4,359 $710K No change
FDX FedEx Corp. 0.01% 2,407 $695K No change
ECL Ecolab Inc. 0.01% 2,632 $691K Add +10.5%
NSC Norfolk Southern Corp. 0.01% 2,390 $690K No change
PCG P G & E Corp. 0.01% 41,700 $670K New
ADSK Autodesk Inc. 0.01% 2,258 $668K No change
COR Cencora Inc. 0.01% 1,951 $659K No change
PAGS Pagseguro Digital Ltd. Class A 0.01% 65,416 $631K No change
SG Sweetgreen Inc. Class A 0.01% 91,154 $616K No change
NVMI Nova Ltd. 0.01% 1,860 $611K New
CLX Clorox Company 0.01% 5,909 $596K No change
CVNA Carvana Co. 0.01% 1,401 $591K Add +24.1%
LHX L3HARRIS Technologies Inc. 0.01% 2,003 $588K No change
AIZ Assurant Inc. 0.01% 2,370 $571K No change
CNI Canadian Natl Railway Co. 0.01% 5,747 $568K Add +15.0%
LEN Lennar Corp. Class A 0.01% 5,455 $561K Add +180.9%
TRV The Travelers Cos Inc. 0.01% 1,836 $533K No change
CMG Chipotle Mexican Grill Inc. 0.01% 14,230 $527K Reduce -59.5%
COIN Coinbase Global Inc. Class A 0.00% 2,286 $517K New
DPZ Domino's Pizza Inc. 0.00% 1,208 $504K New
CCK Crown Holdings Inc. 0.00% 4,838 $498K New
MSCI MSCI Inc. 0.00% 815 $468K No change
ROK Rockwell Automation Inc. 0.00% 1,197 $466K Add +207.7%
VST Vistra Corp. 0.00% 2,791 $450K No change
HPQ HP Inc. 0.00% 20,145 $449K Reduce -80.2%
YALA Yalla Group Ltd. 0.00% 63,751 $442K No change
GEN Gen Digital Inc. 0.00% 16,068 $437K No change
GLOB Globant SA 0.00% 6,648 $435K No change
BDX Becton Dickinson and Co. 0.00% 2,198 $427K New
RGLD Royal Gold Inc. 0.00% 1,921 $427K Add +20.1%
XP XP Inc. Class A 0.00% 25,905 $424K Reduce -57.0%
PRU Prudential Financial Inc. 0.00% 3,733 $421K New
PLNT Planet Fitness Inc. Class A 0.00% 3,838 $416K New
IFS Intercorp Financial Services 0.00% 9,761 $413K Add +47.6%
STT State Street Corp. 0.00% 3,152 $407K No change
VMC Vulcan Materials Co. 0.00% 1,401 $400K New
FISV Fiserv Inc. 0.00% 5,815 $391K Add +30.6%
IQV Iqvia Holdings Inc. 0.00% 1,716 $387K No change
EXTR Extreme Networks Inc. 0.00% 22,868 $381K No change
CINF Cincinnati Financial Corp. 0.00% 2,253 $368K No change
KEYS Keysight Technologies Inc. 0.00% 1,810 $368K No change
A Agilent Technologies Inc. 0.00% 2,689 $366K New
MDB Mongodb Inc. 0.00% 869 $365K No change
TX Ternium SA-Sponsored ADR 0.00% 9,480 $362K Reduce -21.5%
CIEN Ciena Corp. 0.00% 1,516 $355K New
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.00% 5,173 $349K No change
BURL Burlington Stores Inc. 0.00% 1,125 $325K Reduce -49.8%
NTR Nutrien Ltd. 0.00% 5,125 $316K No change
NTRA Natera Inc. 0.00% 1,373 $315K Add +35.4%
COHR Coherent Corp. 0.00% 1,674 $309K New
TEAM Atlassian Corp. Class A 0.00% 1,781 $289K Add +34.3%
FIX Comfort Systems USA Inc. 0.00% 304 $284K No change
BCH Banco DE Chile-ADR 0.00% 6,886 $262K No change
OTIS Otis Worldwide Corp. 0.00% 2,947 $257K No change
OR Or Royalties Inc. 0.00% 7,215 $255K No change
STE Steris PLC 0.00% 978 $248K Add +21.5%
LITE Lumentum Holdings Inc. 0.00% 662 $244K No change
DLTR Dollar Tree Inc. 0.00% 1,976 $243K No change
AMH American Homes 4 Rent- A 0.00% 7,388 $237K No change
EIX Edison International 0.00% 3,890 $233K No change
EVER Everquote Inc. Class A 0.00% 8,640 $233K No change
M Macy's Inc. 0.00% 10,519 $232K No change
TWLO Twilio Inc. Class A 0.00% 1,631 $232K Add +36.5%
NTAP Netapp Inc. 0.00% 2,116 $227K No change
LKQ LKQ Corp. 0.00% 7,457 $225K No change
SBAC SBA Communications Corp. 0.00% 1,141 $221K Add +235.6%
HUBB Hubbell Inc. 0.00% 493 $219K No change
ING ING Groep N.V.-Sponsored ADR 0.00% 7,699 $216K No change
GIS General Mills Inc. 0.00% 4,494 $209K No change
IT Gartner Inc. 0.00% 819 $207K No change
HEI.A Heico Corp. Class A 0.00% 817 $206K Add +32.0%
ZM Zoom Communications Inc. 0.00% 2,355 $203K No change
BCSF Bain Capital Specialty Finan 0.00% 14,064 $196K No change
AKAM Akamai Technologies Inc. 0.00% 2,235 $195K Add +204.1%
GIB Cgi Inc. 0.00% 2,107 $194K Add +10.4%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.00% 2,865 $192K No change
PFG Principal Financial Group 0.00% 2,126 $188K New
HUBS HubSpot Inc. 0.00% 465 $187K Reduce -99.7%
GDDY GoDaddy Inc. Class A 0.00% 1,493 $185K No change
STZ Constellation Brands Inc. Class A 0.00% 1,331 $184K No change
RXRX Recursion Pharmaceuticals-A 0.00% 44,679 $183K No change
CNC Centene Corp. 0.00% 4,103 $169K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.00% 2,400 $168K No change
PYPL PayPal Holdings Inc. 0.00% 2,834 $165K Reduce -67.3%
AGI Alamos Gold Inc. Class A 0.00% 4,216 $163K No change
GRVY Gravity Co. Ltd.-Sponsored ADR 0.00% 2,803 $162K No change
GPN Global Payments Inc. 0.00% 2,066 $160K No change
GWRE Guidewire Software Inc. 0.00% 781 $157K No change
THC Tenet Healthcare Corp. 0.00% 774 $154K No change
BWXT BWX Technologies Inc. 0.00% 884 $153K Add +31.9%
NBIX Neurocrine Biosciences Inc. 0.00% 1,059 $150K No change
NVS Novartis AG-Sponsored ADR 0.00% 1,086 $150K Reduce -39.5%
FNF Fidelity National Financial 0.00% 2,733 $149K Add +44.7%
WY Weyerhaeuser Co. 0.00% 6,259 $148K No change
TV Grupo Televisa SA-Spon ADR 0.00% 49,904 $145K No change
MGA Magna International Inc. 0.00% 2,713 $145K No change
USFD US Foods Holding Corp. 0.00% 1,911 $144K No change
WWD Woodward Inc. 0.00% 472 $143K No change
SII Sprott Inc. 0.00% 1,450 $142K New
FN Fabrinet 0.00% 311 $142K No change
FFIV F5 Inc. 0.00% 545 $139K No change
HOLX Hologic Inc. 0.00% 1,851 $138K No change
DAN Dana Inc. 0.00% 5,752 $137K Reduce -44.1%
TSN Tyson Foods Inc. Class A 0.00% 2,341 $137K No change
J Jacobs Solutions Inc. 0.00% 1,017 $135K No change
OVV Ovintiv Inc. 0.00% 3,393 $133K No change
INCY Incyte Corp. 0.00% 1,329 $131K No change
MEDP Medpace Holdings Inc. 0.00% 229 $129K No change
PECO Phillips Edison & Company Inc. 0.00% 3,458 $123K No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.00% 618 $120K No change
VTRS Viatris Inc. 0.00% 9,604 $120K No change
RPRX Royalty Pharma PLC Class A 0.00% 3,072 $119K No change
AYI Acuity Inc. 0.00% 328 $118K Add +114.4%
ELS Equity Lifestyle Properties 0.00% 1,942 $118K No change
PFGC Performance Food Group Co. 0.00% 1,297 $117K No change
KALU Kaiser Aluminum Corp. 0.00% 1,012 $116K New
MLI Mueller Industries Inc. 0.00% 1,009 $116K No change
DOCU Docusign Inc. 0.00% 1,657 $113K No change
ESLT Elbit Systems Ltd. 0.00% 191 $110K No change
IEX Idex Corp. 0.00% 606 $108K No change
GLDD Great Lakes Dredge & Dock Co. 0.00% 8,172 $107K Reduce -47.4%
HEI Heico Corp. 0.00% 331 $107K No change
IONS Ionis Pharmaceuticals Inc. 0.00% 1,354 $107K New
SCI Service Corp. International 0.00% 1,352 $105K No change
UHS Universal Health Services-B 0.00% 477 $104K No change
HL Hecla Mining Co. 0.00% 5,390 $103K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.00% 560 $102K No change
HST Host Hotels & Resorts Inc. 0.00% 5,764 $102K No change
IAG Iamgold Corp. 0.00% 6,172 $102K New
EHC Encompass Health Corp. 0.00% 956 $101K No change
OC Owens Corning 0.00% 904 $101K New
ZBRA Zebra Technologies Corp. Class A 0.00% 414 $101K No change
CDE Coeur Mining Inc. 0.00% 5,626 $100K No change
SSRM SSR Mining Inc. 0.00% 4,554 $100K No change
CGNX Cognex Corp. 0.00% 2,685 $97K New
CPT Camden Property Trust 0.00% 875 $96K No change
GL Globe Life Inc. 0.00% 682 $95K No change
ALGN Align Technology Inc. 0.00% 601 $94K New
DSGX The Descartes Systems Grp 0.00% 1,070 $94K No change
EPAM Epam Systems Inc. 0.00% 458 $94K No change
TXRH Texas Roadhouse Inc. 0.00% 547 $91K No change
ORI Old Republic Intl Corp. 0.00% 1,979 $90K No change
EXEL Exelixis Inc. 0.00% 2,007 $88K No change
TAP Molson Coors Beverage Co. Class B 0.00% 1,886 $88K New
PAYC Paycom Software Inc. 0.00% 554 $88K Add +133.8%
DY Dycom Industries Inc. 0.00% 258 $87K No change
MANH Manhattan Associates Inc. 0.00% 502 $87K No change
EAT Brinker International Inc. 0.00% 600 $86K Reduce -78.9%
DCI Donaldson Co. Inc. 0.00% 974 $86K No change
SOLV Solventum Corp. 0.00% 1,062 $84K No change
CUBE Cubesmart 0.00% 2,301 $83K No change
BEPC Brookfield Renewable Corp. 0.00% 2,126 $82K Reduce -96.5%
CRL Charles River Laboratories 0.00% 413 $82K No change
ZS Zscaler Inc. 0.00% 358 $81K New
ARWR Arrowhead Pharmaceuticals Inc. 0.00% 1,202 $80K New
EGO Eldorado Gold Corp. 0.00% 2,201 $79K Reduce -45.9%
MIDD Middleby Corp. 0.00% 514 $76K New
LECO Lincoln Electric Holdings 0.00% 310 $74K No change
SEIC Sei Investments Company 0.00% 906 $74K No change
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 0.00% 5,694 $73K No change
HALO Halozyme Therapeutics Inc. 0.00% 1,088 $73K No change
LUMN Lumen Technologies Inc. 0.00% 9,292 $72K No change
AG First Majestic Silver Corp. 0.00% 4,252 $71K New
FSM Fortuna Mining Corp. 0.00% 7,263 $71K No change
WING Wingstop Inc. 0.00% 298 $71K New
ZION Zions Bancorp NA 0.00% 1,211 $71K No change
NYT New York Times Co. Class A 0.00% 1,006 $70K No change
AWI Armstrong World Industries 0.00% 358 $68K No change
TTMI TTM Technologies 0.00% 966 $67K No change
CAG Conagra Brands Inc. 0.00% 3,795 $66K No change
GNRC Generac Holdings Inc. 0.00% 484 $66K No change
OMF Onemain Holdings Inc. 0.00% 974 $66K No change
AOS Smith (a.o.) Corp. 0.00% 978 $65K No change
TTC Toro Co. 0.00% 815 $64K No change
CHDN Churchill Downs Inc. 0.00% 547 $62K No change
CHE Chemed Corp. 0.00% 142 $61K No change
SVM Silvercorp Metals Inc. 0.00% 7,310 $61K New
TIGO Millicom Intl Cellular S.A. 0.00% 1,097 $61K No change
AEIS Advanced Energy Industries 0.00% 285 $60K New
CBSH Commerce Bancshares Inc. 0.00% 1,103 $58K Add +5.0%
RGA Reinsurance Group of America 0.00% 286 $58K No change
NGD New Gold Inc. 0.00% 6,488 $57K No change
RAL Ralliant Corp. 0.00% 1,113 $57K No change
SNV Synovus Financial Corp. 0.00% 1,136 $57K No change
GNTX Gentex Corp. 0.00% 2,415 $56K New
MKTX Marketaxess Holdings Inc. 0.00% 311 $56K No change
MTCH Match Group Inc. 0.00% 1,729 $56K No change
EMN Eastman Chemical Co. 0.00% 866 $55K No change
ENS Enersys 0.00% 377 $55K New
PCOR Procore Technologies Inc. 0.00% 749 $54K New
SCCO Southern Copper Corp. 0.00% 375 $54K New
BDC Belden Inc. 0.00% 449 $52K No change
BYD Boyd Gaming Corp. 0.00% 610 $52K No change
ETSY Etsy Inc. 0.00% 934 $52K No change
VNT Vontier Corp. 0.00% 1,391 $52K No change
DBX Dropbox Inc. Class A 0.00% 1,839 $51K No change
TFPM Triple Flag Precious Met 0.00% 1,538 $51K No change
ACIW Aci Worldwide Inc. 0.00% 1,041 $50K No change
APPF Appfolio Inc. Class A 0.00% 212 $49K No change
MGM MGM Resorts International 0.00% 1,309 $48K No change
WH Wyndham Hotels & Resorts Inc. 0.00% 637 $48K No change
AN Autonation Inc. 0.00% 221 $46K No change
SWKS Skyworks Solutions Inc. 0.00% 726 $46K New
WIX Wix.com Ltd. 0.00% 446 $46K Add +129.9%
OPCH Option Care Health Inc. 0.00% 1,404 $45K New
HRB H&R Block Inc. filed as BLOCK H & R INC 0.00% 1,000 $44K No change
CPB The Campbell's Company 0.00% 1,596 $44K No change
FROG Jfrog Ltd. 0.00% 698 $44K New
PCTY Paylocity Holding Corp. 0.00% 279 $43K No change
QLYS Qualys Inc. 0.00% 326 $43K New
R Ryder System Inc. 0.00% 221 $42K No change
MTN Vail Resorts Inc. 0.00% 308 $41K No change
JXN Jackson Financial Inc. Class A 0.00% 375 $40K No change
MORN Morningstar Inc. 0.00% 184 $40K No change
ALSN Allison Transmission Holding 0.00% 400 $39K No change
CVLT Commvault Systems Inc. 0.00% 313 $39K No change
DVA Davita Inc. 0.00% 347 $39K No change
SANM Sanmina Corp. 0.00% 260 $39K New
IRTC Irhythm Holdings Inc. 0.00% 209 $37K No change
REZI Resideo Technologies Inc. 0.00% 1,040 $37K No change
LOPE Grand Canyon Education Inc. 0.00% 219 $36K No change
LBRDK Liberty Broadband-C 0.00% 745 $36K Reduce -93.7%
VNO Vornado Realty Trust 0.00% 1,068 $36K New
DCBO Docebo Inc. 0.00% 1,510 $34K No change
BOX Box Inc. Class A 0.00% 1,099 $33K No change
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.00% 311 $32K No change
KD Kyndryl Holdings Inc. 0.00% 1,158 $31K No change
BCE Bce Inc. 0.00% 1,187 $28K New
ITRI Itron Inc. 0.00% 260 $24K No change
UNFI United Natural Foods Inc. 0.00% 552 $19K Reduce -98.9%
SAIC Science Applications Inte 0.00% 80 $8K No change
FG F&G Annuities & Life Inc. 0.00% 163 $5K New
GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC 0.00% 32 $1K Reduce -83.3%
Other holdings (4): bonds, preferreds, convertibles and warrants · $1.8B (not counted above)
SecurityClassShares / PrincipalValueChange
VGIT Vanguard Intermediate-Term T INTER TERM TREAS · principal 22,211,000$1.3BReduce -7.0%
HYLB Xtrackers Usd High Yield Cor XTRACK USD HIGH · principal 11,372,000$418.8MReduce -10.7%
PAAA Pgim Aaa Clo ETF AAA CLO ETF · principal 500,000$25.6MNew
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 6,000,000$5.7MNo change

Total filed on the 13F, all lines: $12.3B.

Portfolio Sells Q3 2025 → Q4 2025
VEA Vanguard Ftse Developed ETF Reduce -73.1% 1.07% −2.71
NFLX Netflix Inc. Reduce -51.0% 0.50% −0.80
MNDY Monday.com Ltd. Sold out 0.00% −0.70
KKR KKR & Co. Inc. Sold out 0.00% −0.66
CL Colgate-Palmolive Co. Reduce -96.7% 0.02% −0.66
HUBS HubSpot Inc. Reduce -99.7% 0.00% −0.62
BA The Boeing Co. Reduce -60.0% 0.39% −0.57
VB Vanguard Most SM-Cap ETF-Usd Sold out 0.00% −0.54
META Meta Platforms Inc. Class A Reduce -9.6% 2.45% −0.54
DIS The Walt Disney Co. Reduce -76.3% 0.16% −0.52
UBER Uber Technologies Inc. Reduce -30.2% 0.62% −0.43
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.42
ICLR Icon PLC Reduce -94.8% 0.02% −0.36
XLY SS Consumer Disc Select Sect Reduce -75.4% 0.11% −0.33
VRT Vertiv Holdings Co. Class A Reduce -44.0% 0.42% −0.27
IBB iShares Biotechnology ETF Sold out 0.00% −0.27
AZO AutoZone Inc. Reduce -1.5% 0.64% −0.17
HD Home Depot Inc. Reduce -1.5% 0.90% −0.17
XLV SS Health Care Select Sector Sold out 0.00% −0.15
NXPI NXP Semiconductors NV Reduce -19.2% 0.51% −0.15
SE Sea Ltd.-ADR Reduce -89.7% 0.01% −0.14
ORCL Oracle Corp. Sold out 0.00% −0.13
ICE Intercontinental Exchange Inc. Reduce -11.3% 0.72% −0.12
TMUS T-Mobile US Inc. Reduce -1.5% 0.58% −0.11
PM Philip Morris International Reduce -37.0% 0.18% −0.11
FLUT Flutter Entertainment PLC-Di Reduce -1.8% 0.53% −0.10
T AT&T Inc. Reduce -41.7% 0.11% −0.10
ETN Eaton Corp. PLC Reduce -1.7% 0.53% −0.10
VZ Verizon Communications Inc. Reduce -62.0% 0.05% −0.09
MO Altria Group Inc. Reduce -46.4% 0.08% −0.09
AJG Arthur J Gallagher & Co. Reduce -1.8% 0.43% −0.09
LNG Cheniere Energy Inc. Reduce -1.7% 0.40% −0.09
RBLX Roblox Corp. Class A Reduce -55.9% 0.03% −0.08
ZTS Zoetis Inc. Reduce -1.7% 0.48% −0.08
GEHC GE Healthcare Technology Reduce -22.9% 0.42% −0.07
WEC WEC Energy Group Inc. Reduce -1.8% 0.66% −0.06
PGR Progressive Corp. Reduce -31.6% 0.10% −0.06
AEP American Electric Power Reduce -52.9% 0.06% −0.06
CB Chubb Ltd. Reduce -39.8% 0.11% −0.06
DUK Duke Energy Corp. Reduce -54.6% 0.04% −0.05
PFE Pfizer Inc. Sold out 0.00% −0.05
NVDA Nvidia Corp. Reduce -1.7% 6.50% −0.05
CI The Cigna Group Reduce -39.9% 0.06% −0.05
PSA Public Storage Reduce -1.7% 0.36% −0.04
AIG American International Group Reduce -54.8% 0.04% −0.04
V Visa Inc. Class A Reduce -47.2% 0.05% −0.04
EXC Exelon Corp. Reduce -60.2% 0.03% −0.04
EG Everest Group Ltd. Reduce -44.0% 0.05% −0.04
EBAY eBay Inc. Reduce -42.2% 0.05% −0.04
SYK Stryker Corp. Reduce -1.6% 0.66% −0.04

Portfolio Buys Q3 2025 → Q4 2025
VOO Vanguard S&P 500 ETF New 2.41% +2.41
AMD Advanced Micro Devices New 0.80% +0.80
SPOT Spotify Technology SA Add +2886.0% 0.55% +0.53
AME Ametek Inc. New 0.51% +0.51
AMZN Amazon.com Inc. Add +5.8% 4.25% +0.47
GOOGL Alphabet Inc. Class A Add +8.7% 1.49% +0.44
TT Trane Technologies PLC Add +6223.6% 0.43% +0.42
NEM Newmont Corp. Add +22.6% 1.31% +0.42
FCX Freeport-McMoran Inc. Add +28.9% 0.99% +0.40
FAST Fastenal Co. Add +780.2% 0.44% +0.38
TOST Toast Inc. Class A Add +23078.2% 0.38% +0.38
AVGO Broadcom Inc. Add +9.0% 2.78% +0.37
ISRG Intuitive Surgical Inc. Add +558.9% 0.41% +0.37
DXCM Dexcom Inc. New 0.36% +0.36
WSO Watsco Inc. Add +1869.2% 0.36% +0.34
TMO Thermo Fisher Scientific Inc. Add +26.7% 0.97% +0.33
DHR Danaher Corp. Add +30.4% 0.90% +0.31
MSFT Microsoft Corp. Add +11.2% 6.57% +0.30
MS Morgan Stanley Add +15.6% 0.82% +0.19
IAU iShares Gold Trust New 0.19% +0.19
COST Costco Wholesale Corp. Add +29.1% 1.04% +0.18
XOM Exxon Mobil Corp. Add +4.0% 1.43% +0.15
ASML ASML Holding NV-NY Reg SHS Add +28978.0% 0.15% +0.15
PANW Palo Alto Networks Inc. Add +23.9% 1.16% +0.13
BSX Boston Scientific Corp. Add +23.9% 0.62% +0.11
TEL Te Connectivity PLC Add +1410.8% 0.10% +0.10
EMXC iShares MSCI Emr MRK Ex Chna New 0.09% +0.09
LPLA LPL Financial Holdings Inc. Add +9.1% 0.60% +0.09
MSI Motorola Solutions Inc. Add +32.2% 0.86% +0.09
KO The Coca-Cola Co. Add +0.8% 1.08% +0.07
XLI SS Industrial Select Sector Add +5.0% 0.98% +0.06
WPM Wheaton Precious Metals Corp. Add +94.5% 0.09% +0.05
CRM Salesforce Inc. Add +32.4% 0.13% +0.04
PLTR Palantir Technologies Inc. Class A Add +4600.0% 0.04% +0.04
MU Micron Technology Inc. New 0.04% +0.04
AFL Aflac Inc. New 0.04% +0.04
CX Cemex Sab-Spons ADR Part Cer Add +130.0% 0.05% +0.03
LVS Las Vegas Sands Corp. Add +7.4% 0.14% +0.03
UPS United Parcel Service Class B Add +75.2% 0.06% +0.03
HLT Hilton Worldwide Holdings Inc. Add +389.5% 0.03% +0.03
INTU Intuit Inc. Add +60.6% 0.07% +0.03
FTNT Fortinet Inc. Add +61.7% 0.07% +0.02
BRK.B Berkshire Hathaway Inc. Class B New 0.02% +0.02
MELI MercadoLibre Inc. Add +18.2% 0.77% +0.02
VALE Vale SA-SP ADR New 0.02% +0.02
BBD Banco Bradesco-ADR Add +102.8% 0.04% +0.02
LIN Linde PLC Add +38.5% 0.10% +0.02
TECK Teck Resources Ltd.-CLS B New 0.02% +0.02
ANET Arista Networks Inc. Add +12.8% 0.83% +0.02
GFI Gold Fields Ltd.-Spons ADR New 0.02% +0.02

Notes & Other Activity Q3 2025 → Q4 2025
VGIT Vanguard Intermediate-Term T INTER TERM TREAS · principal Reduce -7.0% 22,211,000 $1.3B
HYLB Xtrackers Usd High Yield Cor XTRACK USD HIGH · principal Reduce -10.7% 11,372,000 $418.8M
PAAA Pgim Aaa Clo ETF AAA CLO ETF · principal New 500,000 $25.6M
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal Sold out 2,000,000 $2.0Mbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 507$10.8BNVDA, AAPL, MSFT, AMZN, GOOG
Q1 2026 489$9.6BNVDA, AAPL, MSFT, AMZN, IAU
Q4 2025 492$10.5BMSFT, NVDA, AAPL, AMZN, GOOG
Q3 2025 503$10.6BNVDA, MSFT, AAPL, AMZN, VEA
Q2 2025 519$10.4BMSFT, NVDA, AAPL, AMZN, VEA
Q1 2025 259$9.1BMSFT, RSP, AAPL, NVDA, AMZN
Q4 2024Amended 305$10.0BNVDA, AAPL, MSFT, AMZN, RSP
Q3 2024 329$9.8BNVDA, AAPL, MSFT, RSP, AMZN
Q2 2024 310$9.1BNVDA, AAPL, MSFT, AMZN, GOOG
Q1 2024 322$9.1BVOO, MSFT, NVDA, AAPL, AMZN