Financiere des Professionnels - Fonds d'investissement inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Financiere des Professionnels - Fonds d'investissement inc. reported 321 stock positions worth $1.8 billion. Its top holding was iShares Core MSCI Emerging (IEMG) at 6.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 5.2%) and iShares Core MSCI Eafe ETF (IEFA, 5.0%). Compared with Q3 2025, it opened 24 new positions, sold out of 66, added to 69 and reduced 107. The biggest buy was a new position in Vanguard Tot World STK ETF (VT) and the biggest sale iShares S&P 500 Growth ETF (IVW, shares −89%).

Most Recent 13F
Q2 2026
Location
MONTREAL, A8
CIK
0001996846
Portfolio Value
$1.8B (Q4 2025)
SEC Filing
0001996846-26-000001 ↗ filed Feb 11, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.7B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.8B $1.8B Q4 2025 Q1 2026: $1.7B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 321 stocks · $1.8B
IEMG iShares Core MSCI Emerging 6.54% 1,711,348 $115.0M Add +3.7%
SPY SS SPDR S&P 500 ETF Trust-US 5.22% 134,798 $91.9M Reduce -2.2%
IEFA iShares Core MSCI Eafe ETF 5.00% 984,353 $88.1M Add +3.4%
TSM Taiwan Semiconductor-SP ADR 4.19% 242,836 $73.8M Reduce -1.0%
AAPL Apple Inc. 3.57% 230,962 $62.8M Add +24.8%
MSFT Microsoft Corp. 2.98% 108,322 $52.4M Reduce -4.3%
QQQ Invesco QQQ Trust Series 1 2.47% 70,750 $43.5M No change
NVDA Nvidia Corp. 2.29% 215,825 $40.3M Reduce -1.3%
IVV iShares Core S&P 500 ETF 2.02% 51,950 $35.6M Add +17.0%
BND Vanguard Total Bond Market 1.69% 400,700 $29.7M No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.65% 263,900 $29.1M Add +157.7%
TRU Transunion 1.43% 292,452 $25.1M Add +18.6%
BDX Becton Dickinson and Co. 1.38% 125,024 $24.3M Add +10.9%
SCHW Schwab (charles) Corp. 1.34% 235,858 $23.6M Reduce -9.2%
AON Aon PLC Class A 1.28% 63,703 $22.5M Add +11.8%
SLQD iShares 0-5 YR Inv GRD Corp. 1.25% 434,400 $22.0M Reduce -22.5%
VT Vanguard Tot World STK ETF 1.24% 155,000 $21.9M New
EEM iShares MSCI Emerging Market 1.22% 392,000 $21.4M No change
DGRO iShares Core Dividend Growth 1.14% 289,800 $20.1M Add +18.4%
AMZN Amazon.com Inc. 1.14% 86,540 $20.0M Add +490.2%
ACN Accenture PLC Class A 1.11% 72,620 $19.5M Add +29.1%
V Visa Inc. Class A 0.97% 48,647 $17.1M Reduce -2.8%
CMCSA Comcast Corp. Class A 0.90% 529,090 $15.8M Reduce -13.0%
APH Amphenol Corp. Class A 0.89% 115,978 $15.7M Reduce -1.0%
GOOGL Alphabet Inc. Class A 0.89% 49,759 $15.6M Add +16.8%
IJR iShares Core S&P Small-Cap E 0.85% 125,000 $15.0M Add +25.0%
A Agilent Technologies Inc. 0.77% 99,105 $13.5M Reduce -3.0%
RSP Invesco S&P 500 Equal Weight 0.75% 68,500 $13.1M No change
MDT Medtronic PLC 0.74% 136,326 $13.1M Add +2.8%
EMB iShares JP Morgan Usd Emergi 0.74% 134,700 $13.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.70% 225,307 $12.4M Reduce -0.3%
HDB HDFC Bank Ltd.-ADR 0.70% 337,619 $12.3M Reduce -2.8%
ABBV Abbvie Inc. 0.70% 53,596 $12.2M Reduce -6.7%
SCZ iShares MSCI Eafe Small-Cap 0.69% 156,900 $12.2M No change
JNJ Johnson & Johnson 0.67% 57,204 $11.8M Reduce -7.8%
ETN Eaton Corp. PLC 0.65% 36,105 $11.5M Reduce -3.8%
PFE Pfizer Inc. 0.65% 458,213 $11.4M Add +13.1%
TMO Thermo Fisher Scientific Inc. 0.64% 19,314 $11.2M Add +58.5%
HLT Hilton Worldwide Holdings Inc. 0.63% 38,708 $11.1M Reduce -2.8%
XOM Exxon Mobil Corp. 0.58% 84,552 $10.2M Add +25.1%
FLCH Franklin Ftse China ETF 0.57% 425,000 $10.1M No change
CI The Cigna Group 0.57% 36,622 $10.1M Add +25.0%
HUBB Hubbell Inc. 0.56% 22,286 $9.9M Reduce -2.8%
STE Steris PLC 0.54% 37,295 $9.5M Reduce -19.6%
CRM Salesforce Inc. 0.52% 34,366 $9.1M Reduce -16.8%
KVUE Kenvue Inc. 0.51% 524,905 $9.1M Add +12.7%
OMC Omnicom Group 0.51% 111,931 $9.0M Add +13.0%
CMS CMS Energy Corp. 0.51% 129,245 $9.0M Reduce -2.8%
MA Mastercard Inc. Class A 0.51% 15,611 $8.9M Add +1.8%
WFC Wells Fargo & Co. 0.50% 94,456 $8.8M Add +151.5%
DHR Danaher Corp. 0.50% 38,134 $8.7M Reduce -2.8%
AVGO Broadcom Inc. 0.49% 24,865 $8.6M Add +8.8%
CME Cme Group Inc. 0.48% 30,862 $8.4M Reduce -3.3%
CB Chubb Ltd. 0.47% 26,765 $8.4M Reduce -3.6%
CHD Church & Dwight Co. Inc. 0.45% 94,382 $7.9M Reduce -2.8%
NTRS Northern Trust Corp. 0.45% 57,539 $7.9M Reduce -3.6%
MRK Merck & Co. Inc. 0.44% 73,264 $7.7M Add +15.2%
PCG P G & E Corp. 0.44% 479,303 $7.7M Reduce -0.1%
BMY Bristol-Myers Squibb Co. 0.42% 138,021 $7.4M Add +113.7%
NEM Newmont Corp. 0.42% 74,200 $7.4M No change
COP Conocophillips 0.40% 75,887 $7.1M Add +4.4%
INTU Intuit Inc. 0.40% 10,718 $7.1M New
WTW Willis Towers Watson PLC 0.39% 21,036 $6.9M Reduce -3.6%
MTD Mettler-Toledo International 0.38% 4,799 $6.7M Reduce -2.8%
EMXC iShares MSCI Emr MRK Ex Chna 0.38% 92,000 $6.7M New
TEL Te Connectivity PLC 0.38% 29,297 $6.7M Reduce -18.4%
MCO Moody's Corp. 0.37% 12,772 $6.5M Reduce -2.8%
ROST Ross Stores Inc. 0.36% 35,429 $6.4M Reduce -2.8%
NXPI NXP Semiconductors NV 0.36% 29,310 $6.4M Reduce -3.6%
EWY iShares MSCI South Korea ETF 0.36% 65,000 $6.3M No change
USHY iShares Broad Usd High Yield 0.36% 168,500 $6.3M Reduce -62.9%
ADI Analog Devices Inc. 0.36% 23,115 $6.3M Reduce -1.4%
SYK Stryker Corp. 0.35% 17,744 $6.2M Reduce -2.8%
GD General Dynamics Corp. 0.35% 18,428 $6.2M Reduce -1.9%
JPM JPMorgan Chase & Co. 0.35% 19,155 $6.2M Reduce -24.4%
MAS Masco Corp. 0.35% 96,821 $6.1M Reduce -3.6%
BNDX Vanguard Total Intl Bond ETF 0.33% 120,000 $5.8M No change
EWJ iShares MSCI Japan ETF 0.32% 70,000 $5.7M No change
APTV Aptiv PLC 0.32% 73,173 $5.6M Reduce -3.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.31% 36,077 $5.5M Reduce -2.8%
GS Goldman Sachs Group Inc. 0.30% 6,083 $5.3M Reduce -45.3%
ICLR Icon PLC 0.30% 29,343 $5.3M Reduce -39.2%
UNP Union Pacific Corp. 0.29% 22,335 $5.2M Reduce -3.5%
CSCO Cisco Systems Inc. 0.29% 65,841 $5.1M Add +3365.3%
INTC Intel Corp. 0.27% 130,897 $4.8M Reduce -3.6%
GILD Gilead Sciences Inc. 0.26% 37,350 $4.6M Add +13.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.26% 40,155 $4.6M Reduce -21.1%
PPG PPG Industries Inc. 0.26% 44,186 $4.5M Reduce -3.5%
OTIS Otis Worldwide Corp. 0.26% 51,745 $4.5M Reduce -2.8%
SHW The Sherwin-Williams Co. 0.26% 13,852 $4.5M Reduce -2.8%
NFLX Netflix Inc. 0.25% 47,330 $4.4M Add +12.4%
LEA Lear Corp. 0.25% 38,577 $4.4M Reduce -3.6%
PEP Pepsico Inc. 0.25% 30,492 $4.4M Add +19.3%
MTUM iShares MSCI USA Momentum Fa 0.24% 17,200 $4.3M Add +21.1%
BSX Boston Scientific Corp. 0.24% 43,414 $4.1M Reduce -2.8%
EA Electronic Arts Inc. 0.23% 20,210 $4.1M Reduce -3.6%
GE General Electric filed as GE AEROSPACE 0.23% 13,279 $4.1M No change
FIS Fidelity National Info Serv 0.23% 61,394 $4.1M Reduce -3.6%
LHX L3HARRIS Technologies Inc. 0.23% 13,836 $4.1M Reduce -3.6%
ALL Allstate Corp. 0.22% 18,986 $4.0M Add +415.5%
XLF SS Financial Select Sector 0.22% 71,100 $3.9M No change
GOOG Alphabet Inc. Class C 0.22% 12,319 $3.9M No change
FXI iShares China Large-Cap ETF 0.22% 100,000 $3.8M Reduce -62.6%
PNC PNC Financial Services Group 0.22% 18,238 $3.8M Add +42.9%
IVW iShares S&P 500 Growth ETF 0.21% 29,600 $3.6M Reduce -88.6%
C Citigroup Inc. 0.21% 31,186 $3.6M No change
VRSK Verisk Analytics Inc. 0.21% 16,262 $3.6M New
LKQ LKQ Corp. 0.20% 119,015 $3.6M Reduce -3.6%
BAP Credicorp Ltd. 0.20% 12,408 $3.6M Reduce -55.2%
HIG Hartford Insurance Group Inc. 0.19% 24,639 $3.4M Add +280.9%
AMT American Tower Corp. 0.19% 19,160 $3.4M Reduce -78.3%
TFC Truist Financial Corp. 0.19% 67,704 $3.3M No change
POOL Pool Corp. 0.19% 14,368 $3.3M Reduce -2.8%
SYF Synchrony Financial 0.18% 38,831 $3.2M Add +3.3%
JCI Johnson Controls Internation 0.18% 26,916 $3.2M Reduce -57.1%
HON Honeywell International Inc. 0.18% 16,387 $3.2M Reduce -3.5%
EWT iShares MSCI Taiwan ETF 0.18% 50,000 $3.2M No change
GGG Graco Inc. 0.18% 38,615 $3.2M Reduce -2.8%
GLW Corning Inc. 0.17% 35,140 $3.1M Reduce -11.0%
EZU iShares MSCI Eurozone ETF 0.17% 46,500 $3.0M No change
RRX Regal Rexnord Corp. 0.17% 21,064 $3.0M Reduce -3.6%
DUK Duke Energy Corp. 0.17% 25,174 $3.0M Reduce -3.6%
TXN Texas Instruments Inc. 0.16% 16,246 $2.8M Reduce -53.6%
AMD Advanced Micro Devices 0.16% 12,786 $2.7M Reduce -20.9%
CVX Chevron Corp. 0.16% 17,924 $2.7M Reduce -60.0%
COF Capital One Financial Corp. 0.15% 11,124 $2.7M No change
CFG Citizens Financial Group 0.15% 46,088 $2.7M No change
MNST Monster Beverage Corp. 0.15% 34,744 $2.7M Reduce -16.1%
EIX Edison International 0.15% 42,617 $2.6M Add +4.2%
RF Regions Financial Corp. 0.14% 90,894 $2.5M No change
REGN Regeneron Pharmaceuticals 0.14% 3,171 $2.4M No change
EWW iShares MSCI Mexico ETF 0.14% 35,000 $2.4M No change
LRCX Lam Research Corp. 0.14% 14,146 $2.4M Add +11.9%
BKNG Booking Holdings Inc. 0.14% 449 $2.4M Add +195.4%
EXPE Expedia Group Inc. 0.13% 8,137 $2.3M Add +131.6%
CP Canadian Pacific Kansas City 0.13% 30,281 $2.2M Reduce -72.8%
DELL Dell Technologies -C 0.13% 17,522 $2.2M Add +339.0%
FCX Freeport-McMoran Inc. 0.12% 43,201 $2.2M Reduce -40.5%
WAT Waters Corp. 0.12% 5,635 $2.1M Reduce -3.6%
HBAN Huntington Bancshares Inc. 0.12% 119,621 $2.1M No change
FISV Fiserv Inc. 0.11% 29,223 $2.0M Reduce -55.4%
EPOL iShares MSCI Poland ETF 0.11% 55,000 $1.9M No change
VLO Valero Energy Corp. 0.11% 11,708 $1.9M New
AXTA Axalta Coating Systems Ltd. 0.11% 58,904 $1.9M Reduce -3.6%
INCY Incyte Corp. 0.11% 19,091 $1.9M Add +9.2%
MKC McCormick & Co.-Non VTG SHRS 0.10% 27,029 $1.8M Reduce -64.0%
CCL Carnival Corp. 0.10% 59,904 $1.8M Add +11.1%
HUM Humana Inc. 0.10% 7,138 $1.8M Add +11.1%
ECH iShares MSCI Chile ETF 0.10% 45,000 $1.8M No change
LNG Cheniere Energy Inc. 0.10% 9,219 $1.8M Reduce -28.4%
ANET Arista Networks Inc. 0.10% 13,567 $1.8M No change
MU Micron Technology Inc. 0.10% 5,915 $1.7M Reduce -40.4%
ACWX iShares MSCI Acwi Ex US ETF 0.10% 25,000 $1.7M No change
BIDU Baidu Inc. - Spon ADR 0.09% 12,663 $1.7M Reduce -3.6%
VEEV Veeva Systems Inc. Class A 0.09% 7,229 $1.6M Reduce -64.0%
EWZ iShares MSCI Brazil ETF 0.09% 50,000 $1.6M No change
ABNB Airbnb Inc. Class A 0.09% 11,674 $1.6M New
SBUX Starbucks Corp. 0.09% 18,799 $1.6M Reduce -2.8%
HPQ HP Inc. 0.09% 70,996 $1.6M Add +18.9%
ORCL Oracle Corp. 0.09% 8,099 $1.6M Add +119.5%
HEI.A Heico Corp. Class A 0.09% 6,193 $1.6M No change
NBIX Neurocrine Biosciences Inc. 0.09% 10,997 $1.6M Add +24.1%
MRSH Marsh & McLennan Cos 0.09% 8,398 $1.6M Reduce -57.9%
SW Smurfit Westrock PLC 0.09% 40,195 $1.6M New
AFRM Affirm Holdings Inc. 0.09% 20,486 $1.5M Add +122.1%
STX Seagate Technology Holdings 0.08% 5,408 $1.5M Reduce -51.9%
ALLY Ally Financial Inc. 0.08% 31,920 $1.4M Add +14.2%
META Meta Platforms Inc. Class A 0.08% 2,143 $1.4M Reduce -83.2%
DDOG Datadog Inc. Class A 0.08% 10,220 $1.4M New
BA The Boeing Co. 0.08% 6,370 $1.4M Reduce -3.6%
LLY Eli Lilly & Co. 0.08% 1,258 $1.4M No change
TT Trane Technologies PLC 0.07% 3,343 $1.3M No change
GM General Motors Co. 0.07% 15,816 $1.3M New
EXEL Exelixis Inc. 0.07% 28,816 $1.3M Add +48.7%
DAL Delta Air Lines Inc. 0.07% 18,139 $1.3M Add +377.1%
FIX Comfort Systems USA Inc. 0.07% 1,306 $1.2M No change
BMRN Biomarin Pharmaceutical Inc. 0.07% 20,467 $1.2M Add +5.9%
EME Emcor Group Inc. 0.07% 1,873 $1.1M No change
MEDP Medpace Holdings Inc. 0.06% 2,026 $1.1M No change
DXCM Dexcom Inc. 0.06% 16,959 $1.1M No change
RPRX Royalty Pharma PLC Class A 0.06% 28,057 $1.1M Add +6.0%
ALNY Alnylam Pharmaceuticals Inc. 0.06% 2,689 $1.1M Add +49.1%
GMED Globus Medical Inc. Class A 0.06% 11,906 $1.0M New
VST Vistra Corp. 0.06% 6,425 $1.0M No change
NVT Nvent Electric PLC 0.06% 10,079 $1.0M No change
UAL United Airlines Holdings Inc. 0.06% 9,073 $1.0M Add +11.5%
USB US Bancorp 0.06% 18,900 $1.0M Reduce -20.2%
BWA Borgwarner Inc. 0.06% 21,976 $990K No change
XLI SS Industrial Select Sector 0.05% 6,000 $931K No change
VRT Vertiv Holdings Co. Class A 0.05% 5,587 $905K No change
HWM Howmet Aerospace Inc. 0.05% 4,411 $904K Reduce -5.1%
RGLD Royal Gold Inc. 0.05% 4,052 $901K Reduce -39.1%
HALO Halozyme Therapeutics Inc. 0.05% 13,163 $886K Add +12.1%
SFM Sprouts Farmers Market Inc. 0.05% 10,874 $866K Add +284.9%
FLEX Flex Ltd. 0.05% 14,293 $864K No change
LMT Lockheed Martin Corp. 0.05% 1,716 $830K No change
LYFT LYFT Inc. Class A 0.05% 42,032 $814K Add +64.0%
SWKS Skyworks Solutions Inc. 0.05% 12,738 $808K No change
UHS Universal Health Services-B 0.04% 3,615 $788K Add +15.1%
SE Sea Ltd.-ADR 0.04% 6,061 $773K Reduce -58.8%
NRG NRG Energy Inc. 0.04% 4,743 $755K No change
PSX Phillips 66 0.04% 5,792 $747K No change
FNF Fidelity National Financial 0.04% 13,485 $736K New
WCN Waste Connections Inc. 0.04% 4,135 $725K Reduce -32.6%
TER Teradyne Inc. 0.04% 3,668 $710K No change
HEI Heico Corp. 0.04% 2,187 $708K Reduce -46.9%
HL Hecla Mining Co. 0.04% 35,346 $678K No change
GEV GE Vernova Inc. 0.04% 1,037 $678K New
RMBS Rambus Inc. 0.04% 7,317 $672K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 5,509 $640K No change
CART Maplebear Inc. 0.04% 13,992 $629K No change
ZWS Zurn Elkay Water Solutions C 0.04% 13,407 $623K No change
TRV The Travelers Cos Inc. 0.03% 2,111 $612K New
MSTR Strategy Inc. 0.03% 3,887 $591K New
CGNX Cognex Corp. 0.03% 16,082 $579K No change
ATI Ati Inc. 0.03% 5,036 $578K No change
AEIS Advanced Energy Industries 0.03% 2,696 $564K No change
CRUS Cirrus Logic Inc. 0.03% 4,622 $548K No change
FSS Federal Signal Corp. 0.03% 5,010 $544K No change
PODD Insulet Corp. 0.03% 1,727 $491K No change
ST Sensata Technologies Holdplc 0.03% 13,985 $466K No change
CIEN Ciena Corp. 0.03% 1,951 $456K No change
GEN Gen Digital Inc. 0.03% 16,763 $456K No change
MC Moelis & Co. Class A 0.03% 6,603 $454K No change
GNRC Generac Holdings Inc. 0.03% 3,311 $452K Reduce -41.2%
GL Globe Life Inc. 0.03% 3,220 $450K No change
PTCT PTC Therapeutics Inc. 0.03% 5,821 $442K No change
ALKS Alkermes PLC 0.02% 15,607 $437K No change
URBN Urban Outfitters Inc. 0.02% 5,760 $433K Reduce -1.4%
INDV Indivior Ltd. 0.02% 11,917 $428K Add +26.6%
FLS Flowserve Corp. 0.02% 6,070 $421K No change
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.02% 22,887 $415K Add +57.2%
SAP Sap SE-Sponsored ADR 0.02% 1,670 $406K Reduce -34.9%
ADSK Autodesk Inc. 0.02% 1,313 $389K Reduce -15.4%
MELI MercadoLibre Inc. 0.02% 191 $385K No change
BWXT BWX Technologies Inc. 0.02% 2,219 $384K Reduce -56.2%
VCYT Veracyte Inc. 0.02% 9,065 $382K New
MCK McKesson Corp. 0.02% 458 $376K New
MTB M & T Bank Corp. filed as M & T BK CORP 0.02% 1,793 $361K No change
ARQT Arcutis Biotherapeutics Inc. 0.02% 12,434 $361K New
VIAV Viavi Solutions Inc. 0.02% 20,217 $360K No change
GNTX Gentex Corp. 0.02% 15,281 $356K Reduce -34.2%
FCFS Firstcash Holdings Inc. 0.02% 2,204 $351K No change
KEYS Keysight Technologies Inc. 0.02% 1,680 $341K No change
AWI Armstrong World Industries 0.02% 1,780 $340K No change
LOW Lowe's Cos Inc. 0.02% 1,409 $340K New
OPLN Openlane Inc. 0.02% 10,858 $323K No change
CL Colgate-Palmolive Co. 0.02% 4,090 $323K Reduce -15.4%
ILMN Illumina Inc. 0.02% 2,406 $316K No change
STRL Sterling Infrastructure Inc. 0.02% 1,023 $313K No change
DORM Dorman Products Inc. 0.02% 2,468 $304K No change
FN Fabrinet 0.02% 655 $298K No change
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) 0.02% 270,000 $296K No change
BIIB Biogen Inc. 0.02% 1,646 $290K No change
AUPH Aurinia Pharmaceuticals Inc. 0.02% 17,933 $286K New
FIVE Five Below 0.02% 1,513 $285K No change
SEIC Sei Investments Company 0.02% 3,458 $284K No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 625 $283K New
CPRI Capri Holdings Ltd. 0.02% 11,612 $283K No change
BFH Bread Financial Holdings Inc. 0.02% 3,796 $281K No change
INSM Insmed Inc. 0.02% 1,614 $281K Reduce -73.0%
COHR Coherent Corp. 0.02% 1,509 $279K Reduce -72.3%
APG Api Group Corp. 0.02% 7,279 $278K Add +154.0%
DCI Donaldson Co. Inc. 0.02% 3,124 $277K Add +30.9%
GTX Garrett Motion Inc. 0.02% 15,879 $277K Add +15.3%
INTA Intapp Inc. 0.02% 6,021 $276K Add +33.2%
VIRT Virtu Financial Inc. Class A 0.02% 8,201 $273K No change
KLAC KLA Corp. 0.02% 222 $270K No change
BCPC Balchem Corp. 0.02% 1,756 $269K Add +31.1%
PRI Primerica Inc. 0.01% 1,025 $265K No change
LOPE Grand Canyon Education Inc. 0.01% 1,586 $264K No change
HURN Huron Consulting Group Inc. 0.01% 1,504 $260K No change
BGC BGC Group Inc. Class A 0.01% 28,824 $257K Add +28.1%
UNH Unitedhealth Group Inc. 0.01% 745 $246K Reduce -15.4%
IDXX Idexx Laboratories Inc. 0.01% 360 $244K No change
KBR KBR Inc. 0.01% 6,053 $243K Add +30.4%
KN Knowles Corp. 0.01% 11,273 $242K Add +30.1%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.01% 3,565 $239K Reduce -35.0%
QUBT Quantum Computing Inc. 0.01% 23,239 $238K New
SMG Scotts Miracle-Gro Co. 0.01% 4,032 $235K No change
NET Cloudflare Inc. Class A 0.01% 1,156 $228K No change
CVLT Commvault Systems Inc. 0.01% 1,808 $227K No change
BKH Black Hills Corp. 0.01% 3,225 $224K Reduce -22.1%
FHI Federated Hermes Inc. 0.01% 4,297 $224K No change
KNSA Kiniksa Pharmaceuticals Inte 0.01% 5,376 $222K New
SWX Southwest Gas Holdings Inc. 0.01% 2,748 $220K No change
AEO American Eagle Outfitters 0.01% 8,337 $220K Reduce -37.2%
OTTR Otter Tail Corp. 0.01% 2,683 $217K No change
MD Pediatrix Medical Group Inc. 0.01% 10,034 $215K New
OGS One Gas Inc. 0.01% 2,778 $215K No change
BMI Badger Meter Inc. 0.01% 1,196 $209K No change
TXNM ENERGY INC (TXNM 5.75 06/01/54) 0.01% 155,000 $208K No change
PLTR Palantir Technologies Inc. Class A 0.01% 1,157 $206K Reduce -72.4%
ITRI Itron Inc. 0.01% 2,159 $200K No change
NOW ServiceNow Inc. 0.01% 1,275 $195K Reduce -48.6%
AAP Advance Auto Parts Inc. 0.01% 4,932 $194K No change
DOCS Doximity Inc. Class A 0.01% 4,161 $184K Add +36.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 500 $148K No change
MCHP Microchip Technology Inc. 0.01% 2,200 $140K Reduce -92.8%
HSY The Hershey Co. 0.01% 700 $127K No change
ITW Illinois Tool Works 0.01% 500 $123K No change
GPC Genuine Parts Co. 0.01% 1,000 $123K No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 1,200 $123K No change
AFL Aflac Inc. 0.01% 1,100 $121K No change
KO The Coca-Cola Co. 0.01% 1,600 $112K No change
BBY Best Buy Co. Inc. 0.01% 1,600 $107K No change
SNA Snap-on Inc. 0.01% 300 $103K No change
PG The Procter & Gamble Co. 0.01% 700 $100K No change
UPS United Parcel Service Class B 0.01% 1,000 $99K No change
TGT Target Corp. 0.01% 1,000 $98K Reduce -94.6%
AMCR Amcor PLC 0.01% 11,700 $98K No change
LW Lamb Weston Holdings Inc. 0.01% 2,300 $96K No change
EOG EOG Resources Inc. 0.01% 900 $95K No change
MDLZ Mondelez International Inc. Class A 0.01% 1,700 $92K No change
PAYX Paychex Inc. 0.01% 800 $90K No change
BF.B Brown-Forman Corp. Class B 0.01% 3,400 $89K No change
GIS General Mills Inc. 0.01% 1,900 $88K No change
EMN Eastman Chemical Co. 0.00% 1,200 $77K No change
LYB Lyondellbasell Indu Class A 0.00% 1,600 $69K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 100 $49K No change
FG F&G Annuities & Life Inc. 0.00% 404 $12K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $5.0M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 61,598$4.3MNo change
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 11,100$541KNo change
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 3,550$237KNo change

Total filed on the 13F, all lines: $1.8B.

Portfolio Sells Q3 2025 → Q4 2025
IVW iShares S&P 500 Growth ETF Reduce -88.6% 0.21% −1.61
AMT American Tower Corp. Reduce -78.3% 0.19% −0.79
USHY iShares Broad Usd High Yield Reduce -62.9% 0.36% −0.63
META Meta Platforms Inc. Class A Reduce -83.2% 0.08% −0.46
FXI iShares China Large-Cap ETF Reduce -62.6% 0.22% −0.42
MSFT Microsoft Corp. Reduce -4.3% 2.98% −0.41
SLQD iShares 0-5 YR Inv GRD Corp. Reduce -22.5% 1.25% −0.39
FISV Fiserv Inc. Reduce -55.4% 0.11% −0.38
CP Canadian Pacific Kansas City Reduce -72.8% 0.13% −0.35
VEEV Veeva Systems Inc. Class A Reduce -64.0% 0.09% −0.25
CVX Chevron Corp. Reduce -60.0% 0.16% −0.25
BAP Credicorp Ltd. Reduce -55.2% 0.20% −0.22
JCI Johnson Controls Internation Reduce -57.1% 0.18% −0.22
TXN Texas Instruments Inc. Reduce -53.6% 0.16% −0.21
GS Goldman Sachs Group Inc. Reduce -45.3% 0.30% −0.21
CMCSA Comcast Corp. Class A Reduce -13.0% 0.90% −0.21
MKC McCormick & Co.-Non VTG SHRS Reduce -64.0% 0.10% −0.19
ICLR Icon PLC Reduce -39.2% 0.30% −0.18
ETN Eaton Corp. PLC Reduce -3.8% 0.65% −0.16
MRSH Marsh & McLennan Cos Reduce -57.9% 0.09% −0.14
STE Steris PLC Reduce -19.6% 0.54% −0.13
JPM JPMorgan Chase & Co. Reduce -24.4% 0.35% −0.11
SE Sea Ltd.-ADR Reduce -58.8% 0.04% −0.11
MCHP Microchip Technology Inc. Reduce -92.8% 0.01% −0.10
MRVL Marvell Technology Inc. Sold out 0.00% −0.10
IT Gartner Inc. Sold out 0.00% −0.10
SCHW Schwab (charles) Corp. Reduce -9.2% 1.34% −0.09
SWK Stanley Black & Decker Inc. Sold out 0.00% −0.09
TGT Target Corp. Reduce -94.6% 0.01% −0.09
POOL Pool Corp. Reduce -2.8% 0.19% −0.08
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.2% 5.22% −0.08
DIS The Walt Disney Co. Reduce -21.1% 0.26% −0.08
TEL Te Connectivity PLC Reduce -18.4% 0.38% −0.08
LNG Cheniere Energy Inc. Reduce -28.4% 0.10% −0.07
ABBV Abbvie Inc. Reduce -6.7% 0.70% −0.07
NVDA Nvidia Corp. Reduce -1.3% 2.29% −0.07
STX Seagate Technology Holdings Reduce -51.9% 0.08% −0.07
SNOW Snowflake Inc. Sold out 0.00% −0.07
APTV Aptiv PLC Reduce -3.6% 0.32% −0.06
MAS Masco Corp. Reduce -3.6% 0.35% −0.06
APP AppLovin Corp. Class A Sold out 0.00% −0.06
CVNA Carvana Co. Sold out 0.00% −0.05
AXP American Express Co. Sold out 0.00% −0.05
QRVO Qorvo Inc. Sold out 0.00% −0.05
CMS CMS Energy Corp. Reduce -2.8% 0.51% −0.05
GWW WW Grainger Inc. Sold out 0.00% −0.05
UBER Uber Technologies Inc. Sold out 0.00% −0.05
CRM Salesforce Inc. Reduce -16.8% 0.52% −0.05
IPG Interpublic Group of Cos Inc. Sold out 0.00% −0.05
TTEK Tetra Tech Inc. Sold out 0.00% −0.04

Portfolio Buys Q3 2025 → Q4 2025
VT Vanguard Tot World STK ETF New 1.24% +1.24
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +157.7% 1.65% +0.99
AMZN Amazon.com Inc. Add +490.2% 1.14% +0.95
AAPL Apple Inc. Add +24.8% 3.57% +0.85
INTU Intuit Inc. New 0.40% +0.40
EMXC iShares MSCI Emr MRK Ex Chna New 0.38% +0.38
WFC Wells Fargo & Co. Add +151.5% 0.50% +0.32
ACN Accenture PLC Class A Add +29.1% 1.11% +0.31
IVV iShares Core S&P 500 ETF Add +17.0% 2.02% +0.31
TMO Thermo Fisher Scientific Inc. Add +58.5% 0.64% +0.29
GOOGL Alphabet Inc. Class A Add +16.8% 0.89% +0.29
CSCO Cisco Systems Inc. Add +3365.3% 0.29% +0.28
BMY Bristol-Myers Squibb Co. Add +113.7% 0.42% +0.25
IEMG iShares Core MSCI Emerging Add +3.7% 6.54% +0.25
TRU Transunion Add +18.6% 1.43% +0.23
VRSK Verisk Analytics Inc. New 0.21% +0.21
IEFA iShares Core MSCI Eafe ETF Add +3.4% 5.00% +0.20
DGRO iShares Core Dividend Growth Add +18.4% 1.14% +0.18
ALL Allstate Corp. Add +415.5% 0.22% +0.18
IJR iShares Core S&P Small-Cap E Add +25.0% 0.85% +0.17
BDX Becton Dickinson and Co. Add +10.9% 1.38% +0.16
HIG Hartford Insurance Group Inc. Add +280.9% 0.19% +0.14
XOM Exxon Mobil Corp. Add +25.1% 0.58% +0.14
MRK Merck & Co. Inc. Add +15.2% 0.44% +0.13
VLO Valero Energy Corp. New 0.11% +0.11
AON Aon PLC Class A Add +11.8% 1.28% +0.10
DELL Dell Technologies -C Add +339.0% 0.13% +0.09
ABNB Airbnb Inc. Class A New 0.09% +0.09
BKNG Booking Holdings Inc. Add +195.4% 0.14% +0.09
SW Smurfit Westrock PLC New 0.09% +0.09
EXPE Expedia Group Inc. Add +131.6% 0.13% +0.09
CI The Cigna Group Add +25.0% 0.57% +0.09
DDOG Datadog Inc. Class A New 0.08% +0.08
KVUE Kenvue Inc. Add +12.7% 0.51% +0.08
GM General Motors Co. New 0.07% +0.07
PNC PNC Financial Services Group Add +42.9% 0.22% +0.07
DAL Delta Air Lines Inc. Add +377.1% 0.07% +0.06
GMED Globus Medical Inc. Class A New 0.06% +0.06
AVGO Broadcom Inc. Add +8.8% 0.49% +0.05
PFE Pfizer Inc. Add +13.1% 0.65% +0.05
GILD Gilead Sciences Inc. Add +13.4% 0.26% +0.05
AFRM Affirm Holdings Inc. Add +122.1% 0.09% +0.05
OMC Omnicom Group Add +13.0% 0.51% +0.05
FNF Fidelity National Financial New 0.04% +0.04
PEP Pepsico Inc. Add +19.3% 0.25% +0.04
LRCX Lam Research Corp. Add +11.9% 0.14% +0.04
GEV GE Vernova Inc. New 0.04% +0.04
TRV The Travelers Cos Inc. New 0.03% +0.03
MTUM iShares MSCI USA Momentum Fa Add +21.1% 0.24% +0.03
MSTR Strategy Inc. New 0.03% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 336$1.8BIEMG, IEFA, NVDA, SPY, AAPL
Q1 2026 337$1.7BIEMG, AAPL, IEFA, NVDA, SPY
Q4 2025 321$1.8BIEMG, SPY, IEFA, TSM, AAPL
Q3 2025 363$1.7BIEMG, SPY, IEFA, TSM, MSFT
Q2 2025Amended 380$1.7BIEMG, SPY, IEFA, MSFT, IVW
Q1 2025 174$1.5BSPY, IEMG, IEFA, IVW, IEF
Q4 2024 168$1.4BSPY, IEMG, MSFT, IEFA, TSM
Q3 2024 163$1.5BSPY, IEMG, IEFA, MSFT, TSM
Q2 2024 143$1.3BSPY, IEMG, IEFA, MSFT, QQQ
Q1 2024 142$1.2BSPY, IEMG, IEFA, MSFT, QQQ