FMR LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), FMR LLC reported 5,060 stock positions worth $1.56 trillion. Its top holding was Nvidia (NVDA) at 6.9% of the portfolio, followed by Meta Platforms Class A (META, 5.0%) and Microsoft (MSFT, 4.7%). Compared with Q4 2024, it opened 268 new positions, sold out of 530, added to 2,559 and reduced 2,017. The biggest buy was Fidelity Invest GRD Secur (FSEC, shares +126%) and the biggest sale Nvidia (NVDA, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000315066
- Portfolio Value
- $1.56T (Q1 2025)
- SEC Filing
- 0000315066-25-001380 ↗ filed May 12, 2025
Holdings Value
Holdings 5,060 stocks · $1.56T
| NVDA Nvidia Corp. | 6.95% | 1,001,925,185 | $108.6B | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 4.98% | 135,174,317 | $77.9B | Reduce -0.8% |
| MSFT Microsoft Corp. | 4.67% | 194,591,253 | $73.0B | Reduce -1.5% |
| AAPL Apple Inc. | 4.66% | 328,100,180 | $72.9B | Reduce -4.0% |
| AMZN Amazon.com Inc. | 4.13% | 339,634,992 | $64.6B | Add +3.4% |
| GOOGL Alphabet Inc. Class A | 2.19% | 221,163,347 | $34.2B | Reduce -11.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.70% | 33,247 | $26.5B | Reduce -0.8% |
| LLY Eli Lilly & Co. | 1.50% | 28,468,668 | $23.5B | Reduce -6.8% |
| NFLX Netflix Inc. | 1.33% | 22,321,093 | $20.8B | Add +6.9% |
| V Visa Inc. Class A | 1.28% | 57,172,638 | $20.0B | Add +3.1% |
| AVGO Broadcom Inc. | 1.09% | 101,869,215 | $17.1B | Add +9.2% |
| XOM Exxon Mobil Corp. | 1.08% | 141,796,816 | $16.9B | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 1.05% | 105,088,737 | $16.4B | Reduce -10.9% |
| WFC Wells Fargo & Co. | 0.94% | 205,369,205 | $14.7B | Add +1.1% |
| BSX Boston Scientific Corp. | 0.83% | 128,597,214 | $13.0B | Reduce -2.9% |
| GE General Electric filed as GE AEROSPACE | 0.82% | 64,009,548 | $12.8B | Reduce -4.2% |
| UNH Unitedhealth Group Inc. | 0.81% | 24,217,466 | $12.7B | Reduce -19.6% |
| MA Mastercard Inc. Class A | 0.80% | 22,800,827 | $12.5B | Add +2.4% |
| JPM JPMorgan Chase & Co. | 0.74% | 47,005,308 | $11.5B | Reduce -2.5% |
| COST Costco Wholesale Corp. | 0.58% | 9,518,862 | $9.0B | Add +0.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.55% | 51,984,455 | $8.6B | Reduce -11.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.54% | 203,339,790 | $8.5B | Add +5.2% |
| TSLA Tesla Inc. | 0.50% | 30,213,359 | $7.8B | Reduce -12.8% |
| MRVL Marvell Technology Inc. | 0.49% | 123,854,288 | $7.6B | Reduce -4.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 13,926,009 | $7.4B | Add +41.4% |
| GEV GE Vernova Inc. | 0.46% | 23,802,934 | $7.3B | Reduce -4.3% |
| FSEC Fidelity Invest GRD Secur | 0.45% | 160,787,258 | $7.0B | Add +125.8% |
| APH Amphenol Corp. Class A | 0.44% | 104,940,369 | $6.9B | Add +0.7% |
| SHEL Shell PLC-ADR | 0.44% | 93,483,434 | $6.9B | Add +8.2% |
| GILD Gilead Sciences Inc. | 0.42% | 58,542,842 | $6.6B | Add +45.2% |
| LOW Lowe's Cos Inc. | 0.41% | 27,289,269 | $6.4B | Add +3.9% |
| KO The Coca-Cola Co. | 0.40% | 88,055,356 | $6.3B | Add +6.1% |
| CSCO Cisco Systems Inc. | 0.37% | 93,449,595 | $5.8B | Add +21.0% |
| BA The Boeing Co. | 0.37% | 33,580,702 | $5.7B | Add +10.1% |
| LIN Linde PLC | 0.36% | 12,222,487 | $5.7B | Reduce -5.2% |
| MRSH Marsh & McLennan Cos | 0.35% | 22,151,590 | $5.4B | Add +4.3% |
| ABBV Abbvie Inc. | 0.32% | 23,636,582 | $5.0B | Add +30.6% |
| ISRG Intuitive Surgical Inc. | 0.31% | 9,732,543 | $4.8B | Reduce -10.1% |
| REGN Regeneron Pharmaceuticals | 0.31% | 7,598,584 | $4.8B | Reduce -7.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.30% | 13,728,232 | $4.7B | Add +14.8% |
| WMT Walmart Inc. | 0.30% | 53,727,285 | $4.7B | Reduce -13.4% |
| SHOP Shopify Inc. Class A | 0.30% | 49,239,719 | $4.7B | Add +12.6% |
| CRM Salesforce Inc. | 0.30% | 17,382,710 | $4.7B | Reduce -25.1% |
| NXPI NXP Semiconductors NV | 0.29% | 24,202,544 | $4.6B | Reduce -3.5% |
| PM Philip Morris International | 0.29% | 28,668,629 | $4.6B | Add +30.0% |
| CB Chubb Ltd. | 0.29% | 14,966,824 | $4.5B | Reduce -4.5% |
| ORCL Oracle Corp. | 0.29% | 32,073,372 | $4.5B | Reduce -15.6% |
| PG The Procter & Gamble Co. | 0.28% | 25,859,572 | $4.4B | Add +6.3% |
| CI The Cigna Group | 0.28% | 13,322,069 | $4.4B | Add +6.9% |
| CMCSA Comcast Corp. Class A | 0.27% | 115,587,044 | $4.3B | Reduce -1.2% |
| UBER Uber Technologies Inc. | 0.27% | 57,587,002 | $4.2B | Add +37.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 34,426,544 | $4.2B | Reduce -3.7% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.26% | 15,309,860 | $4.1B | Add +13.5% |
| MU Micron Technology Inc. | 0.26% | 47,387,099 | $4.1B | Reduce -0.6% |
| LULU Lululemon Athletica Inc. | 0.26% | 14,521,882 | $4.1B | Add +54.3% |
| TRV The Travelers Cos Inc. | 0.26% | 15,115,944 | $4.0B | Add +5.9% |
| APP AppLovin Corp. Class A | 0.25% | 14,885,338 | $3.9B | Add +7.5% |
| ANET Arista Networks Inc. | 0.25% | 49,967,341 | $3.9B | Reduce -13.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.24% | 7,727,184 | $3.7B | Reduce -16.2% |
| NOW ServiceNow Inc. | 0.23% | 4,519,203 | $3.6B | Reduce -23.1% |
| DE Deere & Co. | 0.23% | 7,593,705 | $3.6B | Add +36.0% |
| KDP Keurig Dr Pepper Inc. | 0.23% | 103,513,192 | $3.5B | Add +3.5% |
| TMUS T-Mobile US Inc. | 0.22% | 13,083,028 | $3.5B | Add +28.7% |
| TT Trane Technologies PLC | 0.22% | 10,251,306 | $3.5B | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 0.22% | 6,112,086 | $3.4B | Reduce -11.0% |
| IWF iShares Russell 1000 Growth | 0.22% | 9,461,711 | $3.4B | Add +0.1% |
| CRH CRH PLC | 0.22% | 38,584,122 | $3.4B | Reduce -5.5% |
| ARGX Argenx SE - ADR | 0.21% | 5,663,207 | $3.4B | Add +0.8% |
| PGR Progressive Corp. | 0.21% | 11,648,570 | $3.3B | Add +13.8% |
| IMO Imperial Oil Ltd. | 0.21% | 45,238,948 | $3.3B | Add +4.8% |
| PDD PDD Holdings Inc. | 0.21% | 27,611,016 | $3.3B | Add +7.8% |
| SPGI S&P Global Inc. | 0.19% | 5,957,749 | $3.0B | Add +1.1% |
| MCO Moody's Corp. | 0.19% | 6,487,008 | $3.0B | Add +6.3% |
| IWB iShares Russell 1000 ETF | 0.19% | 9,821,642 | $3.0B | Reduce -0.2% |
| ETN Eaton Corp. PLC | 0.19% | 10,888,040 | $3.0B | Reduce -28.5% |
| HD Home Depot Inc. | 0.19% | 8,003,751 | $2.9B | Reduce -4.1% |
| SYK Stryker Corp. | 0.18% | 7,748,541 | $2.9B | Reduce -3.6% |
| BKNG Booking Holdings Inc. | 0.18% | 623,653 | $2.9B | Reduce -2.2% |
| DHR Danaher Corp. | 0.18% | 13,934,833 | $2.9B | Reduce -32.1% |
| MRK Merck & Co. Inc. | 0.18% | 31,808,043 | $2.9B | Reduce -14.9% |
| CEG Constellation Energy | 0.18% | 14,144,269 | $2.9B | Reduce -1.5% |
| USB US Bancorp | 0.18% | 67,481,308 | $2.8B | Add +0.5% |
| AXP American Express Co. | 0.18% | 10,471,990 | $2.8B | Reduce -4.0% |
| NTNX Nutanix Inc. Class A | 0.18% | 40,076,924 | $2.8B | Add +0.0% |
| SPOT Spotify Technology SA | 0.18% | 5,085,064 | $2.8B | Add +149.1% |
| AMT American Tower Corp. | 0.18% | 12,646,553 | $2.8B | Add +13.1% |
| SAP Sap SE-Sponsored ADR | 0.18% | 10,246,919 | $2.8B | Add +9.2% |
| MS Morgan Stanley | 0.18% | 23,528,395 | $2.7B | Reduce -8.0% |
| KVUE Kenvue Inc. | 0.17% | 113,995,514 | $2.7B | Reduce -11.6% |
| PCG P G & E Corp. | 0.17% | 157,424,445 | $2.7B | Reduce -16.1% |
| WELL Welltower Inc. | 0.17% | 17,537,986 | $2.7B | Add +11.1% |
| SO The Southern Co. | 0.17% | 29,021,953 | $2.7B | Add +2.9% |
| QUAL iShares MSCI USA Quality Fac | 0.17% | 15,512,079 | $2.7B | Reduce -3.9% |
| TDG Transdigm Group Inc. | 0.17% | 1,913,325 | $2.6B | Reduce -0.6% |
| MELI MercadoLibre Inc. | 0.17% | 1,351,189 | $2.6B | Add +56.8% |
| PNC PNC Financial Services Group | 0.17% | 14,879,339 | $2.6B | Add +1.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.16% | 26,106,535 | $2.6B | Reduce -20.4% |
| SBUX Starbucks Corp. | 0.16% | 26,194,897 | $2.6B | Add +4.2% |
| IEF iShares 7-10 Year Treasury B | 0.16% | 26,864,341 | $2.6B | Reduce -9.5% |
| FISV Fiserv Inc. | 0.16% | 11,576,809 | $2.6B | Add +0.1% |
Other holdings (218): bonds, preferreds, convertibles and warrants · $3.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 5,271,600 | $311.2M | Add +15.4% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 200,910,498 | $224.3M | Reduce -2.2% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 64,371,000 | $130.6M | New |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 1,029,300 | $86.4M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 83,573,000 | $72.4M | Reduce -42.6% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 76,830,000 | $67.1M | Add +7.2% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 305,079,000 | $65.6M | Reduce -14.8% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 1,231,100 | $60.2M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 54,746,000 | $57.8M | Add +40.4% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 43,168,000 | $57.1M | Add +18.1% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 44,450 | $53.4M | Add +140.9% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 720,477 | $52.9M | Reduce -11.8% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 44,748,000 | $51.5M | Add +50.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 38,168 | $47.2M | Reduce -2.8% |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 41,728,000 | $38.7M | Add +30.5% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 32,965,000 | $35.0M | Reduce -0.8% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 27,070,000 | $32.9M | Reduce -18.0% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 26,929,000 | $32.5M | Add +2.9% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 13,625,000 | $31.9M | Reduce -40.2% |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 12,837,000 | $30.4M | Add +7.2% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 24,511,000 | $29.8M | Reduce -35.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 30,420,000 | $29.8M | No change |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 22,719,000 | $29.2M | Reduce -6.5% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 663,300 | $29.2M | Reduce -5.7% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 32,802,000 | $28.3M | Add +16.5% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 15,134,000 | $25.9M | No change |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 10,156,000 | $25.0M | Reduce -8.9% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 20,486,000 | $24.7M | Add +2.0% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 508,970 | $24.3M | Reduce -48.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 496,700 | $23.9M | No change |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 508,121 | $23.2M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 18,696,000 | $22.8M | Reduce -31.3% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 21,002,000 | $22.2M | Add +71.2% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 15,410,000 | $21.7M | No change |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 504,883 | $20.6M | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 20,621,000 | $20.0M | Add +51.2% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 5,688,000 | $19.5M | Reduce -35.3% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 15,096,000 | $19.4M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 19,530,000 | $18.8M | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 7,625,000 | $18.6M | Reduce -13.7% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 367,600 | $18.4M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 13,165,000 | $18.3M | Reduce -20.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 18,520,000 | $18.0M | No change |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 14,089,000 | $17.9M | Reduce -24.1% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 18,072,000 | $17.6M | Reduce -1.6% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 365,105 | $17.5M | Reduce -41.7% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 18,505,000 | $17.4M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 14,257,000 | $16.8M | No change |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 16,579,000 | $16.5M | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 16,425,000 | $16.5M | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 16,585,000 | $16.2M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 15,750,000 | $16.1M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 16,785,000 | $15.9M | No change |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 5,856,000 | $15.7M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 15,531,000 | $15.5M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 13,625,000 | $15.2M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 15,250,000 | $14.6M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 15,636,000 | $14.4M | Reduce -26.7% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 12,440,000 | $14.4M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 13,611,000 | $14.1M | Reduce -3.9% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 13,766,000 | $13.7M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 11,948,000 | $13.7M | Reduce -40.1% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 13,208,000 | $13.6M | Add +6.6% |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 4,283,000 | $13.5M | Add +59.8% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 10,580,000 | $13.5M | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 14,450,000 | $13.4M | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 11,914,000 | $12.9M | Add +170.2% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 13,625,000 | $12.1M | No change |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 5,881,000 | $11.8M | Reduce -1.1% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 11,030,000 | $11.7M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 7,800,000 | $11.0M | New |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 6,253,000 | $10.9M | Add +64.2% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 9,636,000 | $10.7M | No change |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 10,399,000 | $10.6M | Reduce -31.6% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 6,533,000 | $10.6M | Add +0.9% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 10,690,000 | $10.5M | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 4,244,000 | $10.4M | Reduce -9.6% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 10,042,000 | $10.4M | New |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 10,625,000 | $10.3M | No change |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 12,040,000 | $10.3M | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 10,025,000 | $10.2M | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 10,837,000 | $10.2M | Reduce -12.2% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 7,622,000 | $10.1M | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 10,670,000 | $9.9M | No change |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 10,000,000 | $9.8M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 11,272,000 | $9.8M | New |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 6,869,000 | $9.7M | Add +26.4% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 10,000,000 | $9.7M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 8,873,000 | $9.6M | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 6,857,000 | $9.6M | Add +2.9% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 9,260,000 | $9.6M | No change |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 9,800,000 | $9.4M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 8,149,000 | $9.3M | Add +27.4% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 10,071,000 | $9.3M | No change |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 9,492,000 | $9.2M | Add +18.8% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 9,115,000 | $9.2M | Add +131.6% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 9,137,000 | $9.1M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 10,310,000 | $9.1M | No change |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 201,400 | $9.1M | No change |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 9,259,000 | $8.9M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 8,966,000 | $8.6M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 7,247,000 | $8.5M | Reduce -15.8% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 7,065,000 | $8.4M | Add +12.1% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 8,730,000 | $8.4M | No change |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 7,500,000 | $8.4M | Reduce -17.6% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 9,090,000 | $8.1M | Reduce -57.0% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 9,620,000 | $8.1M | Reduce -75.1% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 8,605,000 | $7.8M | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 7,380,000 | $7.7M | New |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 7,545,000 | $7.7M | No change |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 7,848,000 | $7.7M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 7,182,000 | $7.6M | Reduce -6.9% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 6,577,000 | $7.5M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 426,886 | $7.3M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 8,510,000 | $7.2M | No change |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 107,500 | $7.1M | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 7,303,000 | $7.1M | No change |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 6,180,000 | $7.0M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 7,852,000 | $7.0M | No change |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 5,377,000 | $6.9M | No change |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 6,552,000 | $6.8M | New |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 2,901,000 | $6.8M | Reduce -32.8% |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | 6,619,000 | $6.6M | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 7,709,000 | $6.3M | No change |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 5,676,000 | $6.1M | Reduce -77.3% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 5,769,000 | $6.1M | Reduce -16.4% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 6,444,000 | $6.0M | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 5,914,000 | $5.9M | Reduce -6.2% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 6,680,000 | $5.8M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 5,273,000 | $5.8M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 329,872 | $5.8M | New |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 6,000,000 | $5.8M | New |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 5,828,000 | $5.8M | New |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 5,800,000 | $5.7M | No change |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 5,850,000 | $5.7M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 5,536,000 | $5.6M | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 6,119,000 | $5.6M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,230,000 | $5.6M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 5,008,000 | $5.4M | No change |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 1,305,000 | $5.4M | Reduce -70.1% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 4,088,000 | $5.4M | Add +36.3% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 5,539,000 | $5.4M | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 5,989,000 | $5.3M | Reduce -60.3% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 4,804,000 | $5.2M | No change |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 5,039,000 | $5.2M | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 5,555,000 | $5.2M | No change |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 4,483,000 | $5.2M | Reduce -11.8% |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | 2,088,000 | $5.1M | Reduce -19.3% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 4,728,000 | $5.0M | Reduce -12.7% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 4,089,000 | $5.0M | Reduce -78.6% |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 5,000,000 | $4.9M | No change |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 3,577,000 | $4.9M | No change |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 6,822,000 | $4.9M | New |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 3,995,000 | $4.8M | No change |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 4,630,000 | $4.4M | New |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 3,125,000 | $4.2M | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 5,639,000 | $4.1M | No change |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 4,085,000 | $4.1M | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 4,080,000 | $4.0M | No change |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 4,510,000 | $4.0M | No change |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 4,022,000 | $4.0M | New |
| OPKO HEALTH INC (OPK 3.75 01/15/29) | NOTE 3.750% 1/1 · principal | 2,470,000 | $4.0M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 3,910,000 | $3.8M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 3,623,000 | $3.8M | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 3,019,000 | $3.8M | Reduce -92.0% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 3,698,000 | $3.8M | Reduce -8.7% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 4,000,000 | $3.8M | No change |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 3,353,000 | $3.8M | No change |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | 2,044,000 | $3.8M | New |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 3,936,000 | $3.7M | New |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 3,465,000 | $3.6M | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 3,540,000 | $3.5M | Add +129.9% |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 4,059,000 | $3.4M | New |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 3,615,000 | $3.3M | New |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | 3,816,000 | $3.2M | New |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 3,684,000 | $3.2M | Reduce -56.3% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 3,022,000 | $2.9M | No change |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 2,984,000 | $2.9M | No change |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 3,178,000 | $2.7M | New |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 2,072,000 | $2.6M | No change |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 6,611,000 | $2.5M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 2,890,000 | $2.5M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 2,735,000 | $2.5M | No change |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 3,700,000 | $2.3M | No change |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,450,000 | $2.3M | No change |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 1,774,000 | $2.3M | Reduce -82.2% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 2,500,000 | $2.3M | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 1,458,000 | $2.1M | Reduce -76.5% |
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | 123,305 | $2.0M | Reduce -0.5% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 1,750,000 | $1.9M | New |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 2,500,000 | $1.9M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 2,000,000 | $1.9M | No change |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 2,000,000 | $1.8M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 1,500,000 | $1.8M | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 2,000,000 | $1.8M | No change |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | 1,798,000 | $1.6M | Reduce -21.8% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 64,035 | $1.6M | No change |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | 2,180,000 | $1.5M | New |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | 1,250,000 | $1.5M | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 1,243,000 | $1.5M | Reduce -47.3% |
Largest 200 of 218 shown.
Total filed on the 13F, all lines: $1.57T.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -0.2% | 6.95% | −1.12 |
| GOOGL Alphabet Inc. Class A | Reduce -11.0% | 2.19% | −0.62 |
| AAPL Apple Inc. | Reduce -4.0% | 4.66% | −0.45 |
| MRVL Marvell Technology Inc. | Reduce -4.7% | 0.49% | −0.37 |
| TSLA Tesla Inc. | Reduce -12.8% | 0.50% | −0.34 |
| MSFT Microsoft Corp. | Reduce -1.5% | 4.67% | −0.30 |
| GOOG Alphabet Inc. Class C | Reduce -10.9% | 1.05% | −0.29 |
| CRM Salesforce Inc. | Reduce -25.1% | 0.30% | −0.17 |
| NOW ServiceNow Inc. | Reduce -23.1% | 0.23% | −0.14 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.2% | 0.55% | −0.14 |
| ANET Arista Networks Inc. | Reduce -13.3% | 0.25% | −0.13 |
| DECK Deckers Outdoor Corp. | Reduce -0.1% | 0.16% | −0.11 |
| ETN Eaton Corp. PLC | Reduce -28.5% | 0.19% | −0.11 |
| UNH Unitedhealth Group Inc. | Reduce -19.6% | 0.81% | −0.10 |
| DHR Danaher Corp. | Reduce -32.1% | 0.18% | −0.10 |
| ORCL Oracle Corp. | Reduce -15.6% | 0.29% | −0.09 |
| COIN Coinbase Global Inc. Class A | Reduce -69.6% | 0.03% | −0.09 |
| ON On Semiconductor | Reduce -4.5% | 0.15% | −0.08 |
| PYPL PayPal Holdings Inc. | Reduce -74.3% | 0.02% | −0.08 |
| ADBE Adobe Inc. | Reduce -31.3% | 0.13% | −0.07 |
| URI United Rentals Inc. | Reduce -66.5% | 0.03% | −0.07 |
| CAT Caterpillar Inc. | Reduce -59.2% | 0.04% | −0.06 |
| XYZ Block Inc. | Reduce -26.2% | 0.06% | −0.06 |
| DIS The Walt Disney Co. | Reduce -20.4% | 0.16% | −0.05 |
| PCG P G & E Corp. | Reduce -16.1% | 0.17% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -26.7% | 0.15% | −0.05 |
| EIX Edison International | Reduce -32.2% | 0.06% | −0.05 |
| INTU Intuit Inc. | Reduce -33.5% | 0.11% | −0.05 |
| TER Teradyne Inc. | Reduce -31.8% | 0.04% | −0.05 |
| HUBB Hubbell Inc. | Reduce -80.2% | 0.01% | −0.05 |
| P Everpure Inc. Class A | Reduce -0.4% | 0.14% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -7.3% | 0.31% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -14.9% | 0.18% | −0.04 |
| CNQ Canadian Natural Resources | Reduce -27.8% | 0.13% | −0.04 |
| SRE Sempra | Reduce -25.8% | 0.07% | −0.04 |
| VRT Vertiv Holdings Co. Class A | Reduce -22.8% | 0.04% | −0.04 |
| AMD Advanced Micro Devices | Reduce -31.5% | 0.06% | −0.04 |
| AME Ametek Inc. | Reduce -39.2% | 0.06% | −0.04 |
| DDOG Datadog Inc. Class A | Reduce -8.6% | 0.08% | −0.04 |
| MDB Mongodb Inc. | Reduce -68.6% | 0.01% | −0.04 |
| VST Vistra Corp. | Reduce -13.7% | 0.13% | −0.04 |
| APO Apollo Global Management Inc. | Reduce -7.7% | 0.16% | −0.04 |
| HUBS HubSpot Inc. | Reduce -9.3% | 0.14% | −0.04 |
| DELL Dell Technologies -C | Reduce -40.8% | 0.03% | −0.03 |
| PCVX Vaxcyte Inc. | Reduce -4.4% | 0.03% | −0.03 |
| WMT Walmart Inc. | Reduce -13.4% | 0.30% | −0.03 |
| ITCI Intra-Cellular Therapies Inc. | Reduce -76.0% | 0.02% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -25.2% | 0.11% | −0.03 |
| CCJ Cameco Corp. | Reduce -34.5% | 0.04% | −0.03 |
| ISRG Intuitive Surgical Inc. | Reduce -10.1% | 0.31% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| FSEC Fidelity Invest GRD Secur | Add +125.8% | 0.45% | +0.27 |
| V Visa Inc. Class A | Add +3.1% | 1.28% | +0.23 |
| NFLX Netflix Inc. | Add +6.9% | 1.33% | +0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +41.4% | 0.47% | +0.21 |
| GILD Gilead Sciences Inc. | Add +45.2% | 0.42% | +0.20 |
| BABA Alibaba Group Holding-SP ADR | Add +1220.3% | 0.14% | +0.14 |
| PM Philip Morris International | Add +30.0% | 0.29% | +0.13 |
| ABBV Abbvie Inc. | Add +30.6% | 0.32% | +0.12 |
| SPOT Spotify Technology SA | Add +149.1% | 0.18% | +0.12 |
| SCHW Schwab (charles) Corp. | Add +229.7% | 0.16% | +0.12 |
| UBER Uber Technologies Inc. | Add +37.3% | 0.27% | +0.12 |
| SHEL Shell PLC-ADR | Add +8.2% | 0.44% | +0.11 |
| AJG Arthur J Gallagher & Co. | Add +14.8% | 0.30% | +0.10 |
| MA Mastercard Inc. Class A | Add +2.4% | 0.80% | +0.10 |
| CSCO Cisco Systems Inc. | Add +21.0% | 0.37% | +0.10 |
| KO The Coca-Cola Co. | Add +6.1% | 0.40% | +0.09 |
| WFC Wells Fargo & Co. | Add +1.1% | 0.94% | +0.09 |
| TMUS T-Mobile US Inc. | Add +28.7% | 0.22% | +0.09 |
| DE Deere & Co. | Add +36.0% | 0.23% | +0.09 |
| AEM Agnico Eagle Mines Ltd. | Add +54.7% | 0.14% | +0.08 |
| MELI MercadoLibre Inc. | Add +56.8% | 0.17% | +0.08 |
| MRSH Marsh & McLennan Cos | Add +4.3% | 0.35% | +0.08 |
| CRWV Coreweave Inc. Class A | New | 0.08% | +0.08 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +13.5% | 0.26% | +0.07 |
| CI The Cigna Group | Add +6.9% | 0.28% | +0.07 |
| T AT&T Inc. | Add +62.0% | 0.13% | +0.07 |
| PGR Progressive Corp. | Add +13.8% | 0.21% | +0.06 |
| OKTA Okta Inc. | Add +23.3% | 0.14% | +0.06 |
| PDD PDD Holdings Inc. | Add +7.8% | 0.21% | +0.06 |
| CVS CVS Health Corp. | Add +9.8% | 0.13% | +0.06 |
| COST Costco Wholesale Corp. | Add +0.7% | 0.58% | +0.06 |
| VZ Verizon Communications Inc. | Add +52.1% | 0.13% | +0.06 |
| PANW Palo Alto Networks Inc. | Add +128.2% | 0.10% | +0.06 |
| AMT American Tower Corp. | Add +13.1% | 0.18% | +0.05 |
| WELL Welltower Inc. | Add +11.1% | 0.17% | +0.05 |
| FNV Franco-Nevada Corp. | Add +22.9% | 0.12% | +0.05 |
| TRV The Travelers Cos Inc. | Add +5.9% | 0.26% | +0.05 |
| IMO Imperial Oil Ltd. | Add +4.8% | 0.21% | +0.05 |
| SGI Somnigroup International Inc. | Add +126.5% | 0.08% | +0.05 |
| LULU Lululemon Athletica Inc. | Add +54.3% | 0.26% | +0.05 |
| MMM 3M Co. | Add +39.0% | 0.11% | +0.05 |
| VALE Vale SA-SP ADR | Add +130.9% | 0.07% | +0.04 |
| ORLY O'reilly Automotive Inc. | Add +10.9% | 0.15% | +0.04 |
| VEEV Veeva Systems Inc. Class A | Add +76.6% | 0.08% | +0.04 |
| BA The Boeing Co. | Add +10.1% | 0.37% | +0.04 |
| COF Capital One Financial Corp. | Add +38.6% | 0.13% | +0.04 |
| GSK GSK PLC-Spon ADR | Add +13.8% | 0.15% | +0.04 |
| SNDK Sandisk Corp. | Add +162.2% | 0.06% | +0.04 |
| ONC Beone Medicines Ltd.-ADR | Add +86.9% | 0.06% | +0.04 |
| CNR Core Natural Resources Inc. | New | 0.04% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| MCHI iShares MSCI China ETF | call | Sold out | 20,000 | $937Kbefore exit |
| JNPR Juniper Networks Inc. | call | Sold out | 10,000 | $375Kbefore exit |
| X United States Steel Corp. | call | Sold out | 4,000 | $136Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +15.4% | 5,271,600 | $311.2M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Reduce -2.2% | 200,910,498 | $224.3M |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | New | 64,371,000 | $130.6M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 1,029,300 | $86.4M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Reduce -42.6% | 83,573,000 | $72.4M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Add +7.2% | 76,830,000 | $67.1M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Reduce -14.8% | 305,079,000 | $65.6M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 1,231,100 | $60.2M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +40.4% | 54,746,000 | $57.8M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Add +18.1% | 43,168,000 | $57.1M |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | Sold out | 26,345,000 | $54.3Mbefore exit |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +140.9% | 44,450 | $53.4M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -11.8% | 720,477 | $52.9M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +50.3% | 44,748,000 | $51.5M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -2.8% | 38,168 | $47.2M |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | Add +30.5% | 41,728,000 | $38.7M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -0.8% | 32,965,000 | $35.0M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Reduce -18.0% | 27,070,000 | $32.9M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Add +2.9% | 26,929,000 | $32.5M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -40.2% | 13,625,000 | $31.9M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Add +7.2% | 12,837,000 | $30.4M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -35.8% | 24,511,000 | $29.8M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -6.5% | 22,719,000 | $29.2M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Reduce -5.7% | 663,300 | $29.2M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +16.5% | 32,802,000 | $28.3M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Reduce -8.9% | 10,156,000 | $25.0M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +2.0% | 20,486,000 | $24.7M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -48.0% | 508,970 | $24.3M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -31.3% | 18,696,000 | $22.8M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +71.2% | 21,002,000 | $22.2M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Add +51.2% | 20,621,000 | $20.0M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -35.3% | 5,688,000 | $19.5M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | New | 19,530,000 | $18.8M |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Reduce -13.7% | 7,625,000 | $18.6M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 367,600 | $18.4M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -20.5% | 13,165,000 | $18.3M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -24.1% | 14,089,000 | $17.9M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 250,700 | $17.8Mbefore exit |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -1.6% | 18,072,000 | $17.6M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -41.7% | 365,105 | $17.5M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 18,505,000 | $17.4M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 15,531,000 | $15.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Reduce -26.7% | 15,636,000 | $14.4M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 12,440,000 | $14.4M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Reduce -3.9% | 13,611,000 | $14.1M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Reduce -40.1% | 11,948,000 | $13.7M |
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | Sold out | 6,080,000 | $13.6Mbefore exit |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Add +6.6% | 13,208,000 | $13.6M |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Add +59.8% | 4,283,000 | $13.5M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +170.2% | 11,914,000 | $12.9M |
Showing the first 50 of 136.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 5,324 | $2.30T | NVDA, AAPL, GOOGL, AMZN, MSFT |
| Q1 2026 | 5,185 | $1.89T | NVDA, AAPL, AMZN, MSFT, GOOGL |
| Q4 2025 | 5,185 | $1.96T | NVDA, MSFT, AAPL, META, AMZN |
| Q3 2025 | 5,151 | $1.92T | NVDA, MSFT, META, AAPL, AMZN |
| Q2 2025 | 5,098 | $1.77T | NVDA, MSFT, META, AMZN, AAPL |
| Q1 2025 | 5,060 | $1.56T | NVDA, META, MSFT, AAPL, AMZN |
| Q4 2024 | 5,323 | $1.67T | NVDA, AAPL, MSFT, META, AMZN |
| Q3 2024 | 5,285 | $1.64T | NVDA, MSFT, AAPL, META, AMZN |
| Q2 2024 | 5,177 | $1.56T | NVDA, MSFT, AAPL, META, AMZN |
| Q1 2024 | 5,168 | $1.49T | NVDA, MSFT, META, AMZN, AAPL |