Financiere des Professionnels - Fonds d'investissement inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Financiere des Professionnels - Fonds d'investissement inc. reported 337 stock positions worth $1.7 billion. Its top holding was iShares Core MSCI Emerging (IEMG) at 7.4% of the portfolio, followed by Apple (AAPL, 6.2%) and iShares Core MSCI Eafe ETF (IEFA, 5.0%). Compared with Q4 2025, it opened 113 new positions, sold out of 97, added to 95 and reduced 56. The biggest buy was Apple (AAPL, shares +80%) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −53%).

Most Recent 13F
Q2 2026
Location
MONTREAL, A8
CIK
0001996846
Portfolio Value
$1.7B (Q1 2026)
SEC Filing
0001996846-26-000006 ↗ filed May 6, 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 Q4 2025 Q1 2026: $1.7B $1.7B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 337 stocks · $1.7B
IEMG iShares Core MSCI Emerging 7.37% 1,801,448 $125.7M Add +5.3%
AAPL Apple Inc. 6.18% 415,028 $105.3M Add +79.7%
IEFA iShares Core MSCI Eafe ETF 5.04% 948,853 $85.9M Reduce -3.6%
NVDA Nvidia Corp. 4.64% 453,364 $79.1M Add +110.1%
SPY SS SPDR S&P 500 ETF Trust-US 4.49% 117,698 $76.5M Reduce -12.7%
MSFT Microsoft Corp. 2.63% 121,196 $44.9M Add +11.9%
TSM Taiwan Semiconductor-SP ADR 2.28% 115,192 $38.9M Reduce -52.6%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.90% 297,300 $32.4M Add +12.7%
QQQ Invesco QQQ Trust Series 1 1.80% 53,250 $30.7M Reduce -24.7%
AMZN Amazon.com Inc. 1.74% 142,478 $29.7M Add +64.6%
GOOG Alphabet Inc. Class C 1.69% 100,151 $28.7M Add +713.0%
BND Vanguard Total Bond Market 1.65% 380,700 $28.0M Reduce -5.0%
XOM Exxon Mobil Corp. 1.46% 147,058 $24.9M Add +73.9%
GOOGL Alphabet Inc. Class A 1.45% 85,909 $24.7M Add +72.7%
AVGO Broadcom Inc. 1.39% 76,310 $23.6M Add +206.9%
IVV iShares Core S&P 500 ETF 1.31% 34,300 $22.4M Reduce -34.0%
EEM iShares MSCI Emerging Market 1.31% 392,000 $22.3M No change
ABBV Abbvie Inc. 1.25% 97,716 $21.3M Add +82.3%
DGRO iShares Core Dividend Growth 1.17% 285,000 $20.0M Reduce -1.7%
JPM JPMorgan Chase & Co. 1.15% 66,853 $19.7M Add +249.0%
META Meta Platforms Inc. Class A 1.03% 30,715 $17.6M Add +1333.3%
IJR iShares Core S&P Small-Cap E 0.89% 122,300 $15.2M Reduce -2.2%
CVX Chevron Corp. 0.86% 71,226 $14.7M Add +297.4%
RSP Invesco S&P 500 Equal Weight 0.77% 68,500 $13.1M No change
C Citigroup Inc. 0.74% 111,905 $12.7M Add +258.8%
EMB iShares JP Morgan Usd Emergi 0.71% 128,000 $12.0M Reduce -5.0%
EMXC iShares MSCI Emr MRK Ex Chna 0.68% 147,000 $11.6M Add +59.8%
MRK Merck & Co. Inc. 0.67% 95,016 $11.4M Add +29.7%
JNJ Johnson & Johnson 0.66% 46,180 $11.3M Reduce -19.3%
MA Mastercard Inc. Class A 0.66% 22,432 $11.2M Add +43.7%
V Visa Inc. Class A 0.66% 36,932 $11.2M Reduce -24.1%
SLQD iShares 0-5 YR Inv GRD Corp. 0.64% 217,300 $11.0M Reduce -50.0%
RTX RTX Corp. 0.64% 56,328 $10.9M New
DE Deere & Co. 0.63% 19,107 $10.8M New
NFLX Netflix Inc. 0.61% 107,818 $10.4M Add +127.8%
BIL SS SPDR BB 1-3M T-Bill ETF 0.59% 109,200 $10.0M New
LRCX Lam Research Corp. 0.58% 46,349 $9.9M Add +227.7%
FCX Freeport-McMoran Inc. 0.57% 166,233 $9.8M Add +284.8%
FLCH Franklin Ftse China ETF 0.56% 425,000 $9.5M No change
MS Morgan Stanley 0.52% 53,799 $8.9M New
GS Goldman Sachs Group Inc. 0.50% 10,120 $8.6M Add +66.4%
AMAT Applied Materials Inc. 0.48% 23,944 $8.2M New
T AT&T Inc. 0.47% 278,209 $8.1M New
BMY Bristol-Myers Squibb Co. 0.47% 132,812 $8.1M Reduce -3.8%
WMT Walmart Inc. 0.47% 64,500 $8.0M New
PEP Pepsico Inc. 0.44% 47,800 $7.4M Add +56.8%
LLY Eli Lilly & Co. 0.42% 7,830 $7.2M Add +522.4%
BA The Boeing Co. 0.42% 35,968 $7.2M Add +464.6%
GEV GE Vernova Inc. 0.42% 8,179 $7.1M Add +688.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.42% 145,502 $7.1M Reduce -35.4%
COF Capital One Financial Corp. 0.41% 38,740 $7.1M Add +248.3%
NEM Newmont Corp. 0.40% 62,749 $6.8M Reduce -15.4%
VST Vistra Corp. 0.39% 44,325 $6.7M Add +589.9%
CMI Cummins Inc. 0.39% 12,240 $6.6M New
EWY iShares MSCI South Korea ETF 0.38% 52,500 $6.5M Reduce -19.2%
HD Home Depot Inc. 0.38% 19,500 $6.4M New
ALL Allstate Corp. 0.37% 30,792 $6.4M Add +62.2%
COP Conocophillips 0.36% 46,100 $6.1M Reduce -39.3%
MNST Monster Beverage Corp. 0.35% 81,917 $5.9M Add +135.8%
BKNG Booking Holdings Inc. 0.35% 1,404 $5.9M Add +212.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.34% 36,331 $5.8M Add +0.7%
BNDX Vanguard Total Intl Bond ETF 0.34% 120,000 $5.8M No change
PFE Pfizer Inc. 0.33% 201,100 $5.6M Reduce -56.1%
MCD McDonald's Corp. 0.33% 18,119 $5.6M New
MU Micron Technology Inc. 0.33% 16,615 $5.6M Add +180.9%
CSCO Cisco Systems Inc. 0.33% 72,044 $5.6M Add +9.4%
ORCL Oracle Corp. 0.33% 37,768 $5.6M Add +366.3%
HWM Howmet Aerospace Inc. 0.32% 23,986 $5.5M Add +443.8%
TT Trane Technologies PLC 0.32% 13,212 $5.5M Add +295.2%
LNG Cheniere Energy Inc. 0.32% 19,401 $5.5M Add +110.5%
COST Costco Wholesale Corp. 0.32% 5,520 $5.5M New
SPOT Spotify Technology SA 0.31% 11,040 $5.4M New
EOG EOG Resources Inc. 0.31% 36,700 $5.3M Add +3977.8%
AXP American Express Co. 0.31% 17,500 $5.3M New
MMM 3M Co. 0.30% 35,720 $5.2M New
ISRG Intuitive Surgical Inc. 0.30% 11,109 $5.1M New
GE General Electric filed as GE AEROSPACE 0.30% 17,818 $5.1M Add +34.2%
IVZ Invesco Ltd. 0.30% 207,800 $5.0M New
DHR Danaher Corp. 0.29% 26,285 $5.0M Reduce -31.1%
ETN Eaton Corp. PLC 0.29% 13,591 $4.9M Reduce -62.4%
PGR Progressive Corp. 0.28% 24,387 $4.8M New
SCZ iShares MSCI Eafe Small-Cap 0.28% 61,500 $4.8M Reduce -60.8%
APH Amphenol Corp. Class A 0.28% 37,906 $4.8M Reduce -67.3%
USHY iShares Broad Usd High Yield 0.27% 123,500 $4.5M Reduce -26.7%
TMO Thermo Fisher Scientific Inc. 0.27% 9,200 $4.5M Reduce -52.4%
LII Lennox International Inc. 0.26% 9,400 $4.4M New
STX Seagate Technology Holdings 0.25% 10,777 $4.2M Add +99.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.25% 19,392 $4.2M New
ANET Arista Networks Inc. 0.25% 34,071 $4.2M Add +151.1%
MTUM iShares MSCI USA Momentum Fa 0.24% 17,200 $4.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.24% 42,166 $4.1M Add +5.0%
CP Canadian Pacific Kansas City 0.23% 50,300 $4.0M Add +66.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.23% 32,869 $3.9M Add +496.6%
ARES Ares Management Corp. Class A 0.23% 35,700 $3.9M New
ROK Rockwell Automation Inc. 0.22% 10,600 $3.8M New
ECL Ecolab Inc. 0.22% 14,280 $3.8M New
LPLA LPL Financial Holdings Inc. 0.22% 12,449 $3.7M New
EWZ iShares MSCI Brazil ETF 0.21% 95,000 $3.6M Add +90.0%
GD General Dynamics Corp. 0.21% 10,492 $3.6M Reduce -43.1%
EWT iShares MSCI Taiwan ETF 0.21% 50,000 $3.5M No change
XEL Xcel Energy Inc. 0.21% 44,200 $3.5M New
BLK BlackRock Inc. 0.20% 3,611 $3.5M New
INTU Intuit Inc. 0.20% 7,932 $3.4M Reduce -26.0%
HIG Hartford Insurance Group Inc. 0.20% 24,639 $3.3M No change
FWONK Liberty Media Corp. Class C 0.19% 38,769 $3.3M New
EIX Edison International 0.19% 45,017 $3.3M Add +5.6%
VLO Valero Energy Corp. 0.19% 12,921 $3.2M Add +10.4%
CCL Carnival Corp. 0.19% 122,692 $3.2M Add +104.8%
SCHW Schwab (charles) Corp. 0.19% 33,715 $3.2M Reduce -85.7%
ORLY O'reilly Automotive Inc. 0.18% 34,140 $3.2M New
TFC Truist Financial Corp. 0.18% 67,704 $3.1M No change
DELL Dell Technologies -C 0.18% 18,460 $3.0M Add +5.3%
VZ Verizon Communications Inc. 0.17% 59,069 $3.0M New
TMUS T-Mobile US Inc. 0.17% 13,927 $2.9M New
PG The Procter & Gamble Co. 0.17% 20,200 $2.9M Add +2785.7%
EZU iShares MSCI Eurozone ETF 0.17% 46,500 $2.9M No change
BX Blackstone Inc. 0.17% 25,244 $2.9M New
WFC Wells Fargo & Co. 0.17% 36,290 $2.9M Reduce -61.6%
UNH Unitedhealth Group Inc. 0.17% 10,500 $2.8M Add +1309.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.17% 103,479 $2.8M New
TEL Te Connectivity PLC 0.17% 13,478 $2.8M Reduce -54.0%
BANC Banc of California Inc. 0.16% 159,409 $2.8M New
XLF SS Financial Select Sector 0.16% 56,100 $2.8M Reduce -21.1%
MELI MercadoLibre Inc. 0.16% 1,601 $2.8M Add +738.2%
CFG Citizens Financial Group 0.16% 46,045 $2.8M Reduce -0.1%
SYF Synchrony Financial 0.15% 38,831 $2.6M No change
EWW iShares MSCI Mexico ETF 0.15% 35,000 $2.6M No change
HLT Hilton Worldwide Holdings Inc. 0.15% 8,433 $2.6M Reduce -78.2%
EXPE Expedia Group Inc. 0.15% 10,990 $2.5M Add +35.1%
AVT Avnet Inc. 0.15% 41,003 $2.5M New
MRVL Marvell Technology Inc. 0.15% 25,413 $2.5M New
PCG P G & E Corp. 0.15% 142,589 $2.5M Reduce -70.3%
DDOG Datadog Inc. Class A 0.14% 20,896 $2.5M Add +104.5%
REGN Regeneron Pharmaceuticals 0.14% 3,171 $2.5M No change
ADI Analog Devices Inc. 0.14% 7,693 $2.4M Reduce -66.7%
BSX Boston Scientific Corp. 0.14% 38,745 $2.4M Reduce -10.8%
ARGX Argenx SE - ADR 0.14% 3,327 $2.4M New
CRM Salesforce Inc. 0.14% 13,000 $2.4M Reduce -62.2%
MCK McKesson Corp. 0.14% 2,789 $2.4M Add +508.9%
NOW ServiceNow Inc. 0.14% 22,950 $2.4M Add +1700.0%
RF Regions Financial Corp. 0.14% 90,894 $2.4M No change
SBUX Starbucks Corp. 0.14% 25,700 $2.3M Add +36.7%
APO Apollo Global Management Inc. 0.13% 20,107 $2.2M New
CDNS Cadence Design SYS Inc. 0.13% 7,994 $2.2M New
ABT Abbott Laboratories 0.13% 21,282 $2.2M New
IEX Idex Corp. 0.12% 11,100 $2.1M New
VRTX Vertex Pharmaceuticals Inc. 0.12% 4,685 $2.1M Add +649.6%
LITE Lumentum Holdings Inc. 0.12% 2,912 $2.0M New
LULU Lululemon Athletica Inc. 0.12% 13,335 $2.0M New
PLTR Palantir Technologies Inc. Class A 0.12% 13,834 $2.0M Add +1095.7%
SNOW Snowflake Inc. 0.12% 13,119 $2.0M New
AIG American International Group 0.12% 26,234 $2.0M New
DXCM Dexcom Inc. 0.11% 30,492 $1.9M Add +79.8%
INCY Incyte Corp. 0.11% 20,276 $1.9M Add +6.2%
GM General Motors Co. 0.11% 24,386 $1.8M Add +54.2%
FIX Comfort Systems USA Inc. 0.11% 1,306 $1.8M No change
ECH iShares MSCI Chile ETF 0.10% 45,000 $1.8M No change
CHRW C.H. Robinson Worldwide Inc. 0.10% 10,705 $1.8M New
CNX CNX Resources Corp. 0.10% 46,064 $1.8M New
LEN Lennar Corp. Class A 0.10% 19,700 $1.7M New
BBY Best Buy Co. Inc. 0.10% 26,024 $1.7M Add +1526.5%
OMF Onemain Holdings Inc. 0.10% 30,614 $1.6M New
PSKY Paramount Skydance Class B 0.10% 179,888 $1.6M New
DASH DoorDash Inc. Class A 0.09% 10,700 $1.6M New
EXEL Exelixis Inc. 0.09% 37,008 $1.6M Add +28.4%
UAL United Airlines Holdings Inc. 0.09% 16,948 $1.6M Add +86.8%
RPRX Royalty Pharma PLC Class A 0.09% 32,413 $1.6M Add +15.5%
CCI Crown Castle Inc. 0.09% 18,400 $1.5M New
CGNX Cognex Corp. 0.08% 29,389 $1.4M Add +82.7%
FNF Fidelity National Financial 0.08% 30,031 $1.4M Add +122.7%
ASB Associated Banc-Corp. 0.08% 53,833 $1.4M New
EME Emcor Group Inc. 0.08% 1,873 $1.4M No change
NKE Nike Inc. Class B 0.08% 25,900 $1.4M New
STZ Constellation Brands Inc. Class A 0.08% 9,120 $1.4M New
NBIX Neurocrine Biosciences Inc. 0.08% 10,302 $1.4M Reduce -6.3%
HEI.A Heico Corp. Class A 0.08% 6,193 $1.3M No change
GIL Gildan Activewear Inc. 0.08% 23,300 $1.3M New
KLIC Kulicke & Soffa Industries 0.07% 19,131 $1.3M New
NVT Nvent Electric PLC 0.07% 10,079 $1.2M No change
UHS Universal Health Services-B 0.07% 6,589 $1.2M Add +82.3%
ALLY Ally Financial Inc. 0.07% 29,560 $1.2M Reduce -7.4%
BMRN Biomarin Pharmaceutical Inc. 0.07% 20,467 $1.2M No change
RCL Royal Caribbean Cruises Ltd. 0.07% 4,074 $1.1M New
UTHR United Therapeutics Corp. 0.06% 1,849 $1.1M New
TER Teradyne Inc. 0.06% 3,668 $1.1M No change
LYFT LYFT Inc. Class A 0.06% 81,433 $1.1M Add +93.7%
PCVX Vaxcyte Inc. 0.06% 18,600 $1.1M New
LMT Lockheed Martin Corp. 0.06% 1,716 $1.0M No change
AFRM Affirm Holdings Inc. 0.06% 22,393 $1.0M Add +9.3%
GMED Globus Medical Inc. Class A 0.06% 11,906 $1.0M No change
RVMD Revolution Medicines Inc. 0.06% 10,506 $1.0M New
USB US Bancorp 0.06% 18,900 $983K No change
ASND Ascendis Pharma A/S 0.06% 4,276 $978K New
MEDP Medpace Holdings Inc. 0.06% 2,026 $973K No change
XLI SS Industrial Select Sector 0.06% 6,000 $970K No change
BWA Borgwarner Inc. 0.06% 17,654 $958K Reduce -19.7%
HALO Halozyme Therapeutics Inc. 0.05% 14,374 $929K Add +9.2%
SWKS Skyworks Solutions Inc. 0.05% 17,345 $929K Add +36.2%
DECK Deckers Outdoor Corp. 0.05% 9,060 $907K New
ALNY Alnylam Pharmaceuticals Inc. 0.05% 2,689 $890K No change
FIGS Figs Inc. Class A 0.05% 59,468 $878K New
EXE Expand Energy Corp. 0.05% 7,967 $875K New
AEIS Advanced Energy Industries 0.05% 2,696 $870K No change
ROKU Roku Inc. 0.05% 8,818 $834K New
SYM Symbotic Inc. 0.05% 14,809 $788K New
FBP First Bancorp Puerto Rico 0.05% 36,351 $776K New
GEN Gen Digital Inc. 0.05% 41,082 $774K Add +145.1%
CIEN Ciena Corp. 0.04% 1,951 $757K No change
VEEV Veeva Systems Inc. Class A 0.04% 4,275 $751K Reduce -40.9%
ATI Ati Inc. 0.04% 5,036 $733K No change
PSX Phillips 66 0.04% 3,913 $713K Reduce -32.4%
CART Maplebear Inc. 0.04% 18,910 $708K Add +35.1%
HOMB Home Bancshares Inc. 0.04% 26,301 $708K New
NRG NRG Energy Inc. 0.04% 4,743 $693K No change
AM Antero Midstream Corp. 0.04% 30,281 $690K New
IDXX Idexx Laboratories Inc. 0.04% 1,210 $680K Add +236.1%
FLUT Flutter Entertainment PLC-Di 0.04% 6,600 $673K New
VIAV Viavi Solutions Inc. 0.04% 20,217 $673K No change
WCN Waste Connections Inc. 0.04% 4,135 $672K No change
CTSH Cognizant Tech Solutions-A 0.04% 10,943 $671K New
BGC BGC Group Inc. Class A 0.04% 68,450 $669K Add +137.5%
CRUS Cirrus Logic Inc. 0.04% 4,622 $668K No change
GNRC Generac Holdings Inc. 0.04% 3,311 $647K No change
ADMA Adma Biologics Inc. 0.04% 70,832 $638K New
MIRM Mirum Pharmaceuticals Inc. 0.04% 6,700 $619K New
TRV The Travelers Cos Inc. 0.04% 2,111 $616K No change
ZWS Zurn Elkay Water Solutions C 0.04% 13,407 $601K No change
HEI Heico Corp. 0.04% 2,187 $600K No change
BBIO Bridgebio Pharma Inc. 0.03% 7,900 $587K New
VCYT Veracyte Inc. 0.03% 18,213 $587K Add +100.9%
ACN Accenture PLC Class A 0.03% 2,942 $583K Reduce -96.0%
NSSC Napco Security Technologies 0.03% 13,775 $543K New
FSS Federal Signal Corp. 0.03% 5,010 $542K No change
SFM Sprouts Farmers Market Inc. 0.03% 6,836 $527K Reduce -37.1%
FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD 0.03% 7,754 $508K Reduce -45.8%
PODD Insulet Corp. 0.03% 2,398 $503K Add +38.9%
ST Sensata Technologies Holdplc 0.03% 13,985 $493K No change
PTCT PTC Therapeutics Inc. 0.03% 7,228 $492K Add +24.2%
CVS CVS Health Corp. 0.03% 6,657 $478K New
KEYS Keysight Technologies Inc. 0.03% 1,680 $474K No change
GL Globe Life Inc. 0.03% 3,220 $448K No change
FLS Flowserve Corp. 0.03% 6,070 $446K No change
HAL Halliburton Co. 0.03% 11,352 $443K New
CRDO Credo Technology Group Holdi 0.03% 4,545 $427K New
CVNA Carvana Co. 0.02% 1,337 $420K New
CL Colgate-Palmolive Co. 0.02% 4,903 $418K Add +19.9%
FSLY Fastly Inc. Class A 0.02% 14,302 $416K New
FCFS Firstcash Holdings Inc. 0.02% 2,204 $414K No change
AUPH Aurinia Pharmaceuticals Inc. 0.02% 26,717 $396K Add +49.0%
DPZ Domino's Pizza Inc. 0.02% 1,087 $390K New
WSFS WSFS Financial Corp. 0.02% 5,756 $377K New
MC Moelis & Co. Class A 0.02% 6,603 $376K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.02% 1,793 $371K No change
XIFR XPLR Infrastructure LP 0.02% 34,812 $370K New
SYY Sysco Corp. 0.02% 5,120 $365K New
URBN Urban Outfitters Inc. 0.02% 5,760 $365K No change
INDV Indivior Pharmaceuticals Inc. 0.02% 11,917 $363K No change
LOW Lowe's Cos Inc. 0.02% 1,520 $359K Add +7.9%
NTAP Netapp Inc. 0.02% 3,475 $356K New
SEIC Sei Investments Company 0.02% 4,470 $351K Add +29.3%
TXN Texas Instruments Inc. 0.02% 1,800 $349K Reduce -88.9%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.02% 4,663 $346K New
FIVE Five Below 0.02% 1,513 $346K No change
FN Fabrinet 0.02% 655 $342K No change
STRL Sterling Infrastructure Inc. 0.02% 809 $329K Reduce -20.9%
KLAC KLA Corp. 0.02% 222 $327K No change
MPC Marathon Petroleum Corp. 0.02% 1,308 $319K New
TRN Trinity Industries Inc. 0.02% 9,478 $305K New
BCPC Balchem Corp. 0.02% 1,756 $298K No change
PATH Uipath Inc. Class A 0.02% 26,728 $297K New
HRMY Harmony Biosciences Holdings 0.02% 10,479 $294K New
AWI Armstrong World Industries 0.02% 1,780 $293K No change
ARQT Arcutis Biotherapeutics Inc. 0.02% 12,434 $293K No change
KN Knowles Corp. 0.02% 11,273 $289K No change
GTX Garrett Motion Inc. 0.02% 15,879 $289K No change
BFH Bread Financial Holdings Inc. 0.02% 3,796 $284K No change
PLAB Photronics Inc. 0.02% 6,918 $280K New
DLTR Dollar Tree Inc. 0.02% 2,482 $272K New
ADSK Autodesk Inc. 0.02% 1,129 $270K Reduce -14.0%
LOPE Grand Canyon Education Inc. 0.02% 1,586 $270K No change
KMI Kinder Morgan Inc. 0.02% 8,022 $269K New
TBPH Theravance Biopharma Inc. 0.02% 16,523 $268K New
WING Wingstop Inc. 0.02% 1,700 $263K New
FOXA Fox Corp. Class A 0.02% 4,486 $262K New
KNSA Kiniksa Pharmaceuticals Inte 0.02% 5,376 $259K No change
DORM Dorman Products Inc. 0.02% 2,468 $258K No change
INVA Innoviva Inc. 0.02% 11,028 $257K New
URI United Rentals Inc. 0.01% 347 $253K New
LBTYA Liberty Global Ltd. Class A 0.01% 20,714 $250K New
SMG Scotts Miracle-Gro Co. 0.01% 4,032 $245K No change
FHI Federated Hermes Inc. 0.01% 4,297 $244K No change
RHI Robert Half Inc. 0.01% 9,464 $240K New
OGS One Gas Inc. 0.01% 2,778 $239K No change
SWX Southwest Gas Holdings Inc. 0.01% 2,748 $239K No change
OTTR Otter Tail Corp. 0.01% 2,683 $235K No change
AMGN Amgen Inc. 0.01% 660 $232K New
VIRT Virtu Financial Inc. Class A 0.01% 5,244 $231K Reduce -36.1%
PRVA Privia Health Group Inc. 0.01% 11,138 $229K New
AMD Advanced Micro Devices 0.01% 1,104 $225K Reduce -91.4%
BKH Black Hills Corp. 0.01% 3,225 $224K No change
BWXT BWX Technologies Inc. 0.01% 1,082 $221K Reduce -51.2%
SAP Sap SE-Sponsored ADR 0.01% 1,287 $220K Reduce -22.9%
WKC World Kinect Corp. 0.01% 9,545 $220K New
CVBF CVB Financial Corp. 0.01% 11,276 $219K New
MD Pediatrix Medical Group Inc. 0.01% 10,034 $215K No change
DD Dupont DE Nemours Inc. 0.01% 4,666 $214K New
TXNM ENERGY INC (TXNM 5.75 06/01/54) 0.01% 155,000 $207K No change
EXPD Expeditors Intl Wash Inc. 0.01% 1,428 $205K New
IONQ Ionq Inc. 0.01% 6,904 $199K New
RMBS Rambus Inc. 0.01% 2,299 $198K Reduce -68.6%
FSLR First Solar Inc. 0.01% 986 $194K New
ITRI Itron Inc. 0.01% 2,159 $194K No change
HURN Huron Consulting Group Inc. 0.01% 1,504 $192K No change
SLB SLB Ltd. filed as SLB LIMITED 0.01% 3,700 $190K New
BMI Badger Meter Inc. 0.01% 1,196 $182K No change
TGT Target Corp. 0.01% 1,500 $182K Add +50.0%
PPG PPG Industries Inc. 0.01% 1,700 $182K Reduce -96.2%
SNA Snap-on Inc. 0.01% 500 $182K Add +66.7%
UPS United Parcel Service Class B 0.01% 1,800 $177K Add +80.0%
BDX Becton Dickinson and Co. 0.01% 1,100 $173K Reduce -99.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 1,900 $171K Add +58.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 700 $170K Add +40.0%
KSS Kohls Corp. 0.01% 13,097 $169K New
QCOM Qualcomm Inc. 0.01% 1,300 $167K New
KO The Coca-Cola Co. 0.01% 2,200 $167K Add +37.5%
GILD Gilead Sciences Inc. 0.01% 1,200 $167K Reduce -96.8%
MDLZ Mondelez International Inc. Class A 0.01% 2,900 $167K Add +70.6%
ADP Automatic Data Processing 0.01% 800 $163K New
POOL Pool Corp. 0.01% 800 $162K Reduce -94.4%
QUBT Quantum Computing Inc. 0.01% 23,239 $159K No change
LW Lamb Weston Holdings Inc. 0.01% 3,700 $156K Add +60.9%
ITW Illinois Tool Works 0.01% 600 $156K Add +20.0%
GIS General Mills Inc. 0.01% 3,900 $145K Add +105.3%
AEO American Eagle Outfitters 0.01% 8,337 $139K No change
FLYW Flywire Corp.-Voting 0.01% 7,885 $92K New
VUG Vanguard Mrngstar GR ETF-Sui 0.00% 100 $44K No change
LBTYK Liberty Global Ltd. Class C 0.00% 3,570 $42K New
Other holdings (6): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 14,800$743KNew
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 5,600$363KReduce -90.9%
SOUTHERN CO (SO 7.125 12/15/28 A) UNIT 12/15/2028 6,050$311KNew
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 6,850$308KNew
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 3,550$229KNo change
PPL CORPORATION (PPL 7 02/15/29) UNIT 02/15/2029 2,570$132KNew

Total filed on the 13F, all lines: $1.7B.

Portfolio Sells Q4 2025 → Q1 2026
TSM Taiwan Semiconductor-SP ADR Reduce -52.6% 2.28% −1.91
TRU Transunion Sold out 0.00% −1.43
BDX Becton Dickinson and Co. Reduce -99.1% 0.01% −1.37
AON Aon PLC Class A Sold out 0.00% −1.28
VT Vanguard Tot World STK ETF Sold out 0.00% −1.24
SCHW Schwab (charles) Corp. Reduce -85.7% 0.19% −1.15
ACN Accenture PLC Class A Reduce -96.0% 0.03% −1.07
CMCSA Comcast Corp. Class A Sold out 0.00% −0.90
A Agilent Technologies Inc. Sold out 0.00% −0.77
MDT Medtronic PLC Sold out 0.00% −0.74
SPY SS SPDR S&P 500 ETF Trust-US Reduce -12.7% 4.49% −0.73
IVV iShares Core S&P 500 ETF Reduce -34.0% 1.31% −0.71
HDB HDFC Bank Ltd.-ADR Sold out 0.00% −0.70
QQQ Invesco QQQ Trust Series 1 Reduce -24.7% 1.80% −0.67
APH Amphenol Corp. Class A Reduce -67.3% 0.28% −0.61
SLQD iShares 0-5 YR Inv GRD Corp. Reduce -50.0% 0.64% −0.61
CI The Cigna Group Sold out 0.00% −0.57
HUBB Hubbell Inc. Sold out 0.00% −0.56
STE Steris PLC Sold out 0.00% −0.54
KVUE Kenvue Inc. Sold out 0.00% −0.51
CMS CMS Energy Corp. Sold out 0.00% −0.51
OMC Omnicom Group Sold out 0.00% −0.51
HLT Hilton Worldwide Holdings Inc. Reduce -78.2% 0.15% −0.48
CME Cme Group Inc. Sold out 0.00% −0.48
CB Chubb Ltd. Sold out 0.00% −0.47
CHD Church & Dwight Co. Inc. Sold out 0.00% −0.45
NTRS Northern Trust Corp. Sold out 0.00% −0.45
SCZ iShares MSCI Eafe Small-Cap Reduce -60.8% 0.28% −0.41
WTW Willis Towers Watson PLC Sold out 0.00% −0.39
MTD Mettler-Toledo International Sold out 0.00% −0.38
CRM Salesforce Inc. Reduce -62.2% 0.14% −0.37
MCO Moody's Corp. Sold out 0.00% −0.37
TMO Thermo Fisher Scientific Inc. Reduce -52.4% 0.27% −0.37
ETN Eaton Corp. PLC Reduce -62.4% 0.29% −0.37
ROST Ross Stores Inc. Sold out 0.00% −0.36
NXPI NXP Semiconductors NV Sold out 0.00% −0.36
SYK Stryker Corp. Sold out 0.00% −0.35
MAS Masco Corp. Sold out 0.00% −0.35
WFC Wells Fargo & Co. Reduce -61.6% 0.17% −0.33
EWJ iShares MSCI Japan ETF Sold out 0.00% −0.32
PFE Pfizer Inc. Reduce -56.1% 0.33% −0.32
APTV Aptiv PLC Sold out 0.00% −0.32
V Visa Inc. Class A Reduce -24.1% 0.66% −0.31
ICLR Icon PLC Sold out 0.00% −0.30
UNP Union Pacific Corp. Sold out 0.00% −0.29
PCG P G & E Corp. Reduce -70.3% 0.15% −0.29
BAC Bank of America Corp. Reduce -35.4% 0.42% −0.29
INTC Intel Corp. Sold out 0.00% −0.27
OTIS Otis Worldwide Corp. Sold out 0.00% −0.26
SHW The Sherwin-Williams Co. Sold out 0.00% −0.26

Portfolio Buys Q4 2025 → Q1 2026
AAPL Apple Inc. Add +79.7% 6.18% +2.61
NVDA Nvidia Corp. Add +110.1% 4.64% +2.35
GOOG Alphabet Inc. Class C Add +713.0% 1.69% +1.47
META Meta Platforms Inc. Class A Add +1333.3% 1.03% +0.95
AVGO Broadcom Inc. Add +206.9% 1.39% +0.90
XOM Exxon Mobil Corp. Add +73.9% 1.46% +0.89
IEMG iShares Core MSCI Emerging Add +5.3% 7.37% +0.84
JPM JPMorgan Chase & Co. Add +249.0% 1.15% +0.80
CVX Chevron Corp. Add +297.4% 0.86% +0.71
RTX RTX Corp. New 0.64% +0.64
DE Deere & Co. New 0.63% +0.63
AMZN Amazon.com Inc. Add +64.6% 1.74% +0.61
BIL SS SPDR BB 1-3M T-Bill ETF New 0.59% +0.59
GOOGL Alphabet Inc. Class A Add +72.7% 1.45% +0.56
ABBV Abbvie Inc. Add +82.3% 1.25% +0.55
C Citigroup Inc. Add +258.8% 0.74% +0.54
MS Morgan Stanley New 0.52% +0.52
AMAT Applied Materials Inc. New 0.48% +0.48
T AT&T Inc. New 0.47% +0.47
WMT Walmart Inc. New 0.47% +0.47
FCX Freeport-McMoran Inc. Add +284.8% 0.57% +0.45
LRCX Lam Research Corp. Add +227.7% 0.58% +0.44
CMI Cummins Inc. New 0.39% +0.39
GEV GE Vernova Inc. Add +688.7% 0.42% +0.38
HD Home Depot Inc. New 0.38% +0.38
NFLX Netflix Inc. Add +127.8% 0.61% +0.36
LLY Eli Lilly & Co. Add +522.4% 0.42% +0.35
BA The Boeing Co. Add +464.6% 0.42% +0.34
VST Vistra Corp. Add +589.9% 0.39% +0.33
MCD McDonald's Corp. New 0.33% +0.33
COST Costco Wholesale Corp. New 0.32% +0.32
SPOT Spotify Technology SA New 0.31% +0.31
AXP American Express Co. New 0.31% +0.31
EOG EOG Resources Inc. Add +3977.8% 0.31% +0.31
MMM 3M Co. New 0.30% +0.30
ISRG Intuitive Surgical Inc. New 0.30% +0.30
EMXC iShares MSCI Emr MRK Ex Chna Add +59.8% 0.68% +0.30
IVZ Invesco Ltd. New 0.30% +0.30
PGR Progressive Corp. New 0.28% +0.28
HWM Howmet Aerospace Inc. Add +443.8% 0.32% +0.27
COF Capital One Financial Corp. Add +248.3% 0.41% +0.26
LII Lennox International Inc. New 0.26% +0.26
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +12.7% 1.90% +0.25
TT Trane Technologies PLC Add +295.2% 0.32% +0.25
AJG Arthur J Gallagher & Co. New 0.25% +0.25
ORCL Oracle Corp. Add +366.3% 0.33% +0.24
MU Micron Technology Inc. Add +180.9% 0.33% +0.23
MRK Merck & Co. Inc. Add +29.7% 0.67% +0.23
ARES Ares Management Corp. Class A New 0.23% +0.23
ROK Rockwell Automation Inc. New 0.22% +0.22

Notes & Other Activity Q4 2025 → Q1 2026
NEXTERA ENERGY INC (NEE 7.375 02/15/29) UNIT 02/15/2029 New 14,800 $743K
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 Sold out 11,100 $541Kbefore exit
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Reduce -90.9% 5,600 $363K
SOUTHERN CO (SO 7.125 12/15/28 A) UNIT 12/15/2028 New 6,050 $311K
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D New 6,850 $308K
PPL CORPORATION (PPL 7 02/15/29) UNIT 02/15/2029 New 2,570 $132K

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

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