FMR LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), FMR LLC reported 5,185 stock positions worth $1.96 trillion. Its top holding was Nvidia (NVDA) at 9.3% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Apple (AAPL, 4.3%). Compared with Q3 2025, it opened 289 new positions, sold out of 256, added to 2,878 and reduced 1,733. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale Meta Platforms Class A (META, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000315066
- Portfolio Value
- $1.96T (Q4 2025)
- SEC Filing
- 0000315066-26-000611 ↗ filed Feb 17, 2026
Holdings Value
Holdings 5,185 stocks · $1.96T
| NVDA Nvidia Corp. | 9.25% | 971,063,283 | $181.1B | Reduce -1.2% |
| MSFT Microsoft Corp. | 4.97% | 200,948,745 | $97.2B | Reduce -4.5% |
| AAPL Apple Inc. | 4.27% | 307,397,264 | $83.6B | Add +1.4% |
| META Meta Platforms Inc. Class A | 4.13% | 122,341,612 | $80.8B | Reduce -5.9% |
| AMZN Amazon.com Inc. | 3.91% | 331,470,804 | $76.5B | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 3.71% | 231,778,122 | $72.5B | Add +0.8% |
| AVGO Broadcom Inc. | 2.18% | 123,186,236 | $42.6B | Add +2.0% |
| GOOG Alphabet Inc. Class C | 1.75% | 108,887,778 | $34.2B | Reduce -1.1% |
| LLY Eli Lilly & Co. | 1.41% | 25,721,670 | $27.6B | Add +6.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.95% | 61,131,828 | $18.6B | Reduce -16.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.95% | 24,565 | $18.5B | Reduce -9.2% |
| NFLX Netflix Inc. | 0.94% | 195,829,757 | $18.4B | Reduce -7.2% |
| TSLA Tesla Inc. | 0.91% | 39,484,462 | $17.8B | Add +9.4% |
| WFC Wells Fargo & Co. | 0.88% | 185,705,183 | $17.3B | Reduce -3.9% |
| GE General Electric filed as GE AEROSPACE | 0.86% | 54,580,865 | $16.8B | Reduce -0.6% |
| V Visa Inc. Class A | 0.84% | 46,710,505 | $16.4B | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 0.81% | 131,721,707 | $15.9B | Add +3.4% |
| MA Mastercard Inc. Class A | 0.73% | 25,177,655 | $14.4B | Reduce -6.3% |
| GEV GE Vernova Inc. | 0.72% | 21,491,916 | $14.0B | Reduce -5.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.60% | 214,781,463 | $11.8B | Add +2.5% |
| APH Amphenol Corp. Class A | 0.60% | 86,420,795 | $11.7B | Reduce -13.4% |
| BA The Boeing Co. | 0.59% | 53,012,948 | $11.5B | Add +21.3% |
| JPM JPMorgan Chase & Co. | 0.59% | 35,700,719 | $11.5B | Reduce -7.8% |
| MU Micron Technology Inc. | 0.58% | 39,596,338 | $11.3B | Reduce -1.2% |
| MRVL Marvell Technology Inc. | 0.55% | 126,817,429 | $10.8B | Add +4.2% |
| BSX Boston Scientific Corp. | 0.47% | 97,386,941 | $9.3B | Reduce -2.1% |
| FSEC Fidelity Invest GRD Secur | 0.45% | 200,299,217 | $8.8B | Add +3.3% |
| APP AppLovin Corp. Class A | 0.45% | 13,091,028 | $8.8B | Reduce -4.5% |
| GILD Gilead Sciences Inc. | 0.41% | 65,579,490 | $8.0B | Add +8.7% |
| SHOP Shopify Inc. Class A | 0.39% | 48,003,077 | $7.7B | Add +3.4% |
| KO The Coca-Cola Co. | 0.39% | 109,972,463 | $7.7B | Add +1.6% |
| SHEL Shell PLC-ADR | 0.37% | 98,411,280 | $7.2B | Add +2.4% |
| PM Philip Morris International | 0.34% | 41,420,030 | $6.6B | Add +2.4% |
| LOW Lowe's Cos Inc. | 0.34% | 27,526,663 | $6.6B | Add +6.8% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.32% | 15,902,149 | $6.3B | Reduce -5.2% |
| WDC Western Digital Corp. | 0.30% | 33,793,801 | $5.8B | Add +42.3% |
| COST Costco Wholesale Corp. | 0.29% | 6,693,144 | $5.8B | Reduce -15.8% |
| ORCL Oracle Corp. | 0.29% | 29,272,284 | $5.7B | Reduce -8.5% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 9,793,347 | $5.7B | Add +29.0% |
| ABBV Abbvie Inc. | 0.26% | 22,609,389 | $5.2B | Add +7.5% |
| ANET Arista Networks Inc. | 0.26% | 39,038,299 | $5.1B | Add +21.8% |
| SNDK Sandisk Corp. | 0.26% | 21,466,285 | $5.1B | Reduce -1.7% |
| CEG Constellation Energy | 0.26% | 14,364,768 | $5.1B | Add +8.4% |
| CSCO Cisco Systems Inc. | 0.26% | 65,445,654 | $5.0B | Reduce -11.0% |
| NXPI NXP Semiconductors NV | 0.26% | 23,177,657 | $5.0B | Reduce -3.5% |
| CRH CRH PLC | 0.26% | 40,215,860 | $5.0B | Reduce -3.0% |
| CIEN Ciena Corp. | 0.25% | 21,128,210 | $4.9B | Reduce -0.1% |
| IMO Imperial Oil Ltd. | 0.25% | 56,181,276 | $4.9B | Add +8.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 9,458,669 | $4.8B | Add +6.7% |
| ARGX Argenx SE - ADR | 0.24% | 5,592,319 | $4.7B | Reduce -1.8% |
| MS Morgan Stanley | 0.24% | 26,166,591 | $4.6B | Add +5.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 29,866,877 | $4.6B | Reduce -10.8% |
| LIN Linde PLC | 0.23% | 10,736,323 | $4.6B | Reduce -13.6% |
| LRCX Lam Research Corp. | 0.23% | 26,681,564 | $4.6B | Add +14.3% |
| COF Capital One Financial Corp. | 0.23% | 18,750,339 | $4.5B | Add +12.1% |
| DHR Danaher Corp. | 0.23% | 19,506,729 | $4.5B | Add +28.8% |
| APO Apollo Global Management Inc. | 0.23% | 30,469,421 | $4.4B | Add +23.3% |
| WMT Walmart Inc. | 0.23% | 39,567,255 | $4.4B | Reduce -4.5% |
| COHR Coherent Corp. | 0.22% | 23,607,003 | $4.4B | Add +83.7% |
| MRK Merck & Co. Inc. | 0.22% | 40,836,566 | $4.3B | Add +22.2% |
| TT Trane Technologies PLC | 0.22% | 10,957,503 | $4.3B | Reduce -4.0% |
| ALAB Astera Labs Inc. | 0.22% | 25,334,941 | $4.2B | Add +5.2% |
| FNV Franco-Nevada Corp. | 0.22% | 20,332,087 | $4.2B | Add +14.3% |
| UNH Unitedhealth Group Inc. | 0.21% | 12,699,042 | $4.2B | Reduce -7.3% |
| IVV iShares Core S&P 500 ETF | 0.21% | 6,024,000 | $4.1B | Add +0.1% |
| WAB Wabtec Corp. | 0.21% | 18,910,879 | $4.0B | Add +15.9% |
| IWF iShares Russell 1000 Growth | 0.20% | 8,419,923 | $4.0B | Reduce -4.2% |
| PG The Procter & Gamble Co. | 0.20% | 27,332,066 | $3.9B | Add +11.2% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.20% | 15,110,682 | $3.9B | Add +20.6% |
| JNJ Johnson & Johnson | 0.20% | 18,776,671 | $3.9B | Add +39.7% |
| WELL Welltower Inc. | 0.20% | 20,823,073 | $3.9B | Add +4.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.20% | 33,105,582 | $3.8B | Reduce -4.3% |
| KDP Keurig Dr Pepper Inc. | 0.19% | 135,493,716 | $3.8B | Add +31.1% |
| RBLX Roblox Corp. Class A | 0.19% | 46,432,530 | $3.8B | Reduce -0.2% |
| ISRG Intuitive Surgical Inc. | 0.19% | 6,577,517 | $3.7B | Add +31.6% |
| TRV The Travelers Cos Inc. | 0.19% | 12,834,811 | $3.7B | Reduce -11.6% |
| IWB iShares Russell 1000 ETF | 0.19% | 9,844,192 | $3.7B | Reduce -1.3% |
| HD Home Depot Inc. | 0.19% | 10,570,108 | $3.6B | Add +7.7% |
| C Citigroup Inc. | 0.18% | 30,958,878 | $3.6B | Reduce -2.1% |
| MPWR Monolithic Power Systems Inc. | 0.18% | 3,977,008 | $3.6B | Add +11.6% |
| PH Parker Hannifin Corp. | 0.18% | 4,067,747 | $3.6B | Add +9.1% |
| GS Goldman Sachs Group Inc. | 0.18% | 4,050,198 | $3.6B | Add +13.4% |
| SNPS Synopsys Inc. | 0.18% | 7,492,168 | $3.5B | Add +29.1% |
| QUAL iShares MSCI USA Quality Fac | 0.18% | 17,577,202 | $3.5B | Add +11.7% |
| AEM Agnico Eagle Mines Ltd. | 0.18% | 20,354,843 | $3.5B | Reduce -3.9% |
| LITE Lumentum Holdings Inc. | 0.18% | 9,330,198 | $3.4B | Add +57.3% |
| CB Chubb Ltd. | 0.17% | 10,919,650 | $3.4B | Reduce -11.9% |
| SCHW Schwab (charles) Corp. | 0.17% | 33,834,232 | $3.4B | Add +7.3% |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 18,984,930 | $3.4B | Reduce -15.4% |
| IEF iShares 7-10 Year Treasury B | 0.17% | 34,784,075 | $3.3B | Add +17.1% |
| USB US Bancorp | 0.17% | 62,483,013 | $3.3B | Reduce -12.7% |
| PNC PNC Financial Services Group | 0.17% | 15,918,142 | $3.3B | Reduce -1.3% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.17% | 49,525,737 | $3.3B | Add +0.5% |
| GSK GSK PLC-Spon ADR | 0.17% | 67,469,409 | $3.3B | Add +2.0% |
| CVS CVS Health Corp. | 0.17% | 41,017,981 | $3.3B | Reduce -5.3% |
| ON On Semiconductor | 0.16% | 59,372,112 | $3.2B | Reduce -1.5% |
| TMUS T-Mobile US Inc. | 0.16% | 15,732,362 | $3.2B | Add +6.8% |
| HWM Howmet Aerospace Inc. | 0.16% | 15,501,464 | $3.2B | Reduce -4.7% |
| IJH iShares Core S&P Midcap ETF | 0.16% | 47,714,343 | $3.1B | Add +14.8% |
| CI The Cigna Group | 0.16% | 11,433,649 | $3.1B | Add +7.2% |
Options reported separately and not counted above: WBD calls ($5.8M), GT puts ($54K).
Other holdings (220): bonds, preferreds, convertibles and warrants · $4.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 241,343,777 | $806.1M | Add +22.5% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 6,957,567 | $483.2M | Add +37.7% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 478,851 | $173.9M | Reduce -0.6% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 25,416,000 | $116.5M | Add +3.4% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 74,773,000 | $95.4M | Reduce -11.8% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 1,071,531 | $80.7M | Add +74.5% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 67,139,000 | $74.2M | Add +678.9% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 1,273,000 | $65.8M | Add +0.4% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 19,504,000 | $65.5M | Reduce -2.5% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 51,831,000 | $61.7M | Reduce -11.6% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 23,845,000 | $60.5M | Reduce -0.7% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 57,134,000 | $53.5M | Add +3.4% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 42,842 | $52.0M | No change |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 43,509,000 | $49.1M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 45,954,000 | $47.0M | Reduce -21.9% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 30,262,000 | $43.0M | Add +705.5% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 33,768 | $42.2M | Add +1.5% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 22,312,000 | $42.1M | Add +256.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 29,173,000 | $41.2M | Reduce -7.7% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 6,504,000 | $34.5M | Reduce -4.3% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 23,885,000 | $34.0M | Reduce -23.0% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 28,145,000 | $33.8M | Reduce -20.2% |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 22,336,000 | $33.1M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 31,809,000 | $32.7M | Add +34.3% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 528,100 | $31.1M | Reduce -23.6% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 14,024,000 | $29.1M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 19,494,000 | $28.7M | Add +16.8% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 20,940,000 | $27.2M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 9,476,000 | $26.9M | Reduce -5.8% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 6,126,000 | $25.2M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 25,500,000 | $25.2M | Reduce -3.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 24,081,000 | $25.0M | Reduce -2.0% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 15,344,000 | $24.5M | No change |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 508,121 | $23.9M | No change |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 19,982,000 | $23.3M | Add +70.1% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 343,900 | $22.7M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 438,300 | $22.6M | No change |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 14,155,000 | $21.9M | Add +12.0% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 431,770 | $21.7M | Reduce -4.4% |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 434,859 | $21.6M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 18,867,000 | $21.1M | Reduce -17.3% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 16,491,000 | $20.7M | No change |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 12,393,000 | $20.3M | Add +26.1% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 13,641,000 | $19.8M | Add +8.5% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 5,324,000 | $19.7M | Reduce -34.1% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 19,060,000 | $19.6M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 328,300 | $19.1M | Reduce -2.2% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 19,314,000 | $19.0M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 14,984,000 | $19.0M | No change |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 12,670,000 | $18.8M | Reduce -47.2% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 16,799,000 | $17.6M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 18,640,000 | $17.6M | Reduce -1.2% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 14,508,000 | $17.0M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 18,570,000 | $16.5M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 16,022,000 | $16.5M | Reduce -73.6% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 12,195,000 | $16.2M | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 15,921,000 | $15.7M | Add +696.0% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 6,055,000 | $15.6M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 13,824,000 | $15.4M | Reduce -3.5% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 16,000,000 | $15.4M | No change |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 309,700 | $15.0M | No change |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 15,065,000 | $15.0M | New |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 14,136,000 | $14.9M | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 12,686,000 | $14.8M | Reduce -4.7% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 11,935,000 | $14.8M | No change |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 12,014,000 | $14.6M | Reduce -4.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 14,340,000 | $14.3M | No change |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | 16,337,000 | $14.2M | New |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 5,147,000 | $13.9M | New |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 7,345,000 | $13.4M | Reduce -7.3% |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 16,245,000 | $13.0M | Reduce -62.6% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 13,762,000 | $12.7M | No change |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 15,120,000 | $12.4M | New |
| CENTRUS ENERGY CORP (LEU 2.25 11/01/30) | NOTE 2.250%11/0 · principal | 4,578,000 | $12.3M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 11,080,000 | $12.2M | No change |
| CARDLYTICS INC (CDLX 4.25 04/01/29) | NOTE 4.250% 4/0 · principal | 31,141,000 | $12.1M | Reduce -10.0% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 95,400 | $12.0M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 12,184,000 | $11.9M | Reduce -3.9% |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 10,726,000 | $11.9M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 10,573,000 | $11.5M | Reduce -22.4% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 12,578,000 | $11.3M | No change |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 9,565,000 | $11.2M | No change |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 8,845,000 | $11.1M | Reduce -71.8% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 6,989,000 | $11.1M | No change |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 7,331,000 | $10.9M | Add +83.1% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 9,560,000 | $10.8M | No change |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 3,935,000 | $10.8M | No change |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 9,800,000 | $10.7M | No change |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 135,600 | $10.7M | Reduce -65.9% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 7,678,000 | $10.7M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 8,924,000 | $10.2M | No change |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 10,000,000 | $10.0M | No change |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 9,101,000 | $9.7M | Reduce -29.4% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 8,650,000 | $9.7M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 8,393,000 | $9.7M | No change |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 9,813,000 | $9.5M | No change |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 6,605,000 | $9.4M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 8,478,000 | $9.3M | No change |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 9,046,000 | $9.1M | Add +37.0% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 8,420,000 | $9.1M | Reduce -29.7% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 8,141,000 | $8.9M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 8,302,000 | $8.9M | Add +64.6% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 6,654,000 | $8.8M | Reduce -30.2% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 9,054,000 | $8.7M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 9,691,000 | $8.7M | No change |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 7,784,000 | $8.6M | New |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 10,264,000 | $8.5M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 7,581,000 | $8.5M | No change |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 146,900 | $8.1M | Reduce -9.3% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 5,431,000 | $8.1M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 8,033,000 | $8.1M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 426,886 | $8.1M | No change |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 7,677,000 | $8.0M | Add +55.9% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 8,412,000 | $7.7M | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 2,694,000 | $7.7M | Reduce -33.2% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 7,694,000 | $7.7M | Reduce -32.2% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 8,758,000 | $7.6M | No change |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | 7,044,000 | $7.6M | New |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 8,201,000 | $7.6M | Reduce -65.9% |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 7,320,000 | $7.6M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 7,502,000 | $7.6M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 6,507,000 | $7.4M | Reduce -59.4% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 7,188,000 | $7.4M | No change |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 7,481,000 | $7.4M | Reduce -32.4% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 134,200 | $7.3M | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 5,350,000 | $7.3M | Reduce -27.2% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 4,901,000 | $7.3M | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 6,705,000 | $7.2M | No change |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 5,075,000 | $7.2M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 7,353,000 | $7.1M | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 7,000,000 | $6.9M | No change |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 4,122,000 | $6.9M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,754,000 | $6.8M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 7,181,000 | $6.6M | No change |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | 5,376,000 | $6.5M | New |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 4,739,000 | $6.5M | Reduce -36.1% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 6,809,000 | $6.4M | No change |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 1,835,000 | $6.4M | Reduce -13.2% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 4,709,000 | $6.3M | Add +51.6% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 4,059,000 | $6.3M | Reduce -88.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 329,872 | $6.2M | No change |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | 4,824,000 | $6.1M | New |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 6,000,000 | $6.0M | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 3,528,000 | $5.9M | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 5,416,000 | $5.8M | New |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 5,800,000 | $5.8M | No change |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 5,972,000 | $5.8M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 4,773,000 | $5.6M | No change |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | 8,000,000 | $5.6M | No change |
| ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) | NOTE 4.250%11/1 · principal | 3,707,000 | $5.6M | New |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 3,301,000 | $5.6M | Reduce -7.0% |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 4,913,000 | $5.2M | New |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 5,301,000 | $5.1M | Reduce -17.6% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 4,410,000 | $5.1M | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 4,917,000 | $5.0M | No change |
| CELCUITY INC (CELC 2.75 08/01/31) | NOTE 2.750% 8/0 · principal | 2,266,000 | $4.9M | Add +223.7% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 4,987,000 | $4.9M | Reduce -28.6% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 4,443,000 | $4.6M | No change |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 4,268,000 | $4.5M | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 4,142,000 | $4.4M | No change |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 3,002,000 | $4.4M | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 4,694,000 | $4.3M | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 4,215,000 | $4.2M | No change |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 2,849,000 | $4.0M | New |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 3,811,000 | $3.9M | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,537,000 | $3.9M | Reduce -88.8% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 4,046,000 | $3.8M | No change |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 3,968,000 | $3.8M | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 5,531,000 | $3.7M | No change |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 3,803,000 | $3.5M | No change |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 2,127,000 | $3.5M | Reduce -34.5% |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | 3,440,000 | $3.5M | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 2,449,000 | $3.4M | No change |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 1,683,000 | $3.4M | Reduce -22.7% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 81,400 | $3.3M | Reduce -80.9% |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 3,078,000 | $3.3M | No change |
| PAGAYA TECHNOLOGIES LTD (PGY 6.125 10/01/29) | NOTE 6.125%10/0 · principal | 1,818,000 | $3.3M | New |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 2,671,000 | $3.3M | No change |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 2,564,000 | $3.2M | No change |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 2,675,000 | $3.2M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 3,835,000 | $3.1M | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 1,813,000 | $3.0M | No change |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 1,732,000 | $2.9M | Reduce -88.6% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 2,800,000 | $2.9M | No change |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | NOTE 2.000% 8/1 · principal | 2,820,000 | $2.9M | No change |
| BROOKDALE SR LIVING INC | NOTE 3.500%10/1 · principal | 2,000,000 | $2.8M | New |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | 1,250,000 | $2.6M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 2,343,000 | $2.5M | Reduce -74.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,500,000 | $2.5M | No change |
| OMNICELL INC (OMCL 1 12/01/29) | NOTE 1.000%12/0 · principal | 2,320,000 | $2.5M | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 2,420,000 | $2.4M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 2,500,000 | $2.4M | No change |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 6,211,000 | $2.4M | No change |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,385,000 | $2.4M | No change |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 2,898,000 | $2.3M | No change |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 1,146,000 | $2.3M | Reduce -70.7% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 2,000,000 | $2.0M | No change |
| LEMAITRE VASCULAR INC (LMAT 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 1,930,000 | $1.9M | New |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | 2,105,000 | $1.9M | No change |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | 1,748,000 | $1.9M | No change |
Largest 200 of 220 shown.
Lines left out (3) · $58 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| VFQY Vanguard U.S. Quality Factor | US QUALITY | 0 | $47 |
| HIPS Graniteshares Hips US High I | HIPS US HIGH INC | 0 | $6 |
| DIPS Yieldmax Short Nvda Ois ETF | YIELDMAX SHORT | 0 | $5 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.96T.
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -5.9% | 4.13% | −0.85 |
| MSFT Microsoft Corp. | Reduce -4.5% | 4.97% | −0.71 |
| NFLX Netflix Inc. | Reduce -7.2% | 0.94% | −0.38 |
| NVDA Nvidia Corp. | Reduce -1.2% | 9.25% | −0.30 |
| UBER Uber Technologies Inc. | Reduce -48.2% | 0.13% | −0.18 |
| ORCL Oracle Corp. | Reduce -8.5% | 0.29% | −0.18 |
| CRWV Coreweave Inc. Class A | Reduce -70.4% | 0.03% | −0.16 |
| RBLX Roblox Corp. Class A | Reduce -0.2% | 0.19% | −0.14 |
| MELI MercadoLibre Inc. | Reduce -63.1% | 0.05% | −0.12 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -9.2% | 0.95% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -16.5% | 0.95% | −0.12 |
| HOOD Robinhood Markets Inc. Class A | Reduce -31.4% | 0.12% | −0.11 |
| SPOT Spotify Technology SA | Reduce -46.0% | 0.08% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -15.8% | 0.29% | −0.09 |
| ETN Eaton Corp. PLC | Reduce -25.6% | 0.14% | −0.09 |
| CRCL Circle Internet Group Inc. | Reduce -95.5% | 0.00% | −0.09 |
| PGR Progressive Corp. | Reduce -43.4% | 0.08% | −0.08 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -5.2% | 0.32% | −0.08 |
| LIN Linde PLC | Reduce -13.6% | 0.23% | −0.07 |
| BKNG Booking Holdings Inc. | Reduce -28.8% | 0.14% | −0.06 |
| VST Vistra Corp. | Reduce -14.6% | 0.14% | −0.06 |
| APP AppLovin Corp. Class A | Reduce -4.5% | 0.45% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -6.3% | 0.73% | −0.06 |
| COIN Coinbase Global Inc. Class A | Reduce -70.6% | 0.01% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -30.4% | 0.10% | −0.06 |
| DECK Deckers Outdoor Corp. | Reduce -50.5% | 0.05% | −0.05 |
| BLDR Builders Firstsource Inc. | Reduce -69.5% | 0.02% | −0.05 |
| DIS The Walt Disney Co. | Reduce -22.2% | 0.16% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -7.8% | 0.59% | −0.05 |
| RNAM Avidity Biosciences Inc. | Reduce -99.2% | 0.00% | −0.05 |
| ORLY O'reilly Automotive Inc. | Reduce -18.2% | 0.10% | −0.05 |
| EXAS Exact Sciences Corp. | Reduce -93.8% | 0.01% | −0.05 |
| APH Amphenol Corp. Class A | Reduce -13.4% | 0.60% | −0.05 |
| TDG Transdigm Group Inc. | Reduce -29.1% | 0.11% | −0.05 |
| SYK Stryker Corp. | Reduce -42.1% | 0.05% | −0.05 |
| RDDT Reddit Inc. Class A | Reduce -26.5% | 0.12% | −0.05 |
| URI United Rentals Inc. | Reduce -49.0% | 0.03% | −0.05 |
| NOW ServiceNow Inc. | Reduce -9.4% | 0.12% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Reduce -15.4% | 0.17% | −0.04 |
| VEEV Veeva Systems Inc. Class A | Reduce -16.4% | 0.06% | −0.04 |
| RACE Ferrari NV | Reduce -85.7% | 0.00% | −0.04 |
| AXON Axon Enterprise Inc. | Reduce -14.6% | 0.07% | −0.04 |
| MTSR Metsera Inc. | Sold out | 0.00% | −0.04 |
| PDD PDD Holdings Inc. | Reduce -15.7% | 0.08% | −0.03 |
| BABA Alibaba Group Holding-SP ADR | Reduce -14.2% | 0.08% | −0.03 |
| TT Trane Technologies PLC | Reduce -4.0% | 0.22% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -7.3% | 0.21% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -2.1% | 0.47% | −0.03 |
| MMYT Makemytrip Ltd. | Reduce -68.4% | 0.01% | −0.03 |
| LNG Cheniere Energy Inc. | Reduce -30.1% | 0.04% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +0.8% | 3.71% | +0.79 |
| LLY Eli Lilly & Co. | Add +6.4% | 1.41% | +0.45 |
| AAPL Apple Inc. | Add +1.4% | 4.27% | +0.25 |
| COHR Coherent Corp. | Add +83.7% | 0.22% | +0.15 |
| WDC Western Digital Corp. | Add +42.3% | 0.30% | +0.15 |
| AMZN Amazon.com Inc. | Add +0.8% | 3.91% | +0.15 |
| LITE Lumentum Holdings Inc. | Add +57.3% | 0.18% | +0.13 |
| AVGO Broadcom Inc. | Add +2.0% | 2.18% | +0.10 |
| TMO Thermo Fisher Scientific Inc. | Add +29.0% | 0.29% | +0.10 |
| BA The Boeing Co. | Add +21.3% | 0.59% | +0.10 |
| AMD Advanced Micro Devices | Add +63.3% | 0.16% | +0.08 |
| BIIB Biogen Inc. | Add +632.0% | 0.08% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +31.6% | 0.19% | +0.07 |
| MRK Merck & Co. Inc. | Add +22.2% | 0.22% | +0.07 |
| DHR Danaher Corp. | Add +28.8% | 0.23% | +0.07 |
| TSLA Tesla Inc. | Add +9.4% | 0.91% | +0.07 |
| LRCX Lam Research Corp. | Add +14.3% | 0.23% | +0.07 |
| JNJ Johnson & Johnson | Add +39.7% | 0.20% | +0.07 |
| GILD Gilead Sciences Inc. | Add +8.7% | 0.41% | +0.06 |
| XOM Exxon Mobil Corp. | Add +3.4% | 0.81% | +0.06 |
| CMI Cummins Inc. | Add +37.3% | 0.15% | +0.06 |
| MDLN Medline Inc. Class A | New | 0.06% | +0.06 |
| KDP Keurig Dr Pepper Inc. | Add +31.1% | 0.19% | +0.06 |
| APO Apollo Global Management Inc. | Add +23.3% | 0.23% | +0.05 |
| UPS United Parcel Service Class B | Add +36.9% | 0.14% | +0.05 |
| NXT Nextpower Inc. | Add +162.3% | 0.08% | +0.05 |
| HCA HCA Healthcare Inc. | Add +101.2% | 0.09% | +0.05 |
| BETA Beta Technologies Inc. Class A | New | 0.05% | +0.05 |
| COF Capital One Financial Corp. | Add +12.1% | 0.23% | +0.05 |
| ODFL Old Dominion Freight Line | Add +288.4% | 0.06% | +0.04 |
| CAT Caterpillar Inc. | Add +29.6% | 0.12% | +0.04 |
| BAC Bank of America Corp. | Add +2.5% | 0.60% | +0.04 |
| COR Cencora Inc. | Add +64.9% | 0.09% | +0.04 |
| DAL Delta Air Lines Inc. | Add +40.0% | 0.10% | +0.04 |
| DLTR Dollar Tree Inc. | Add +25.7% | 0.10% | +0.04 |
| VMC Vulcan Materials Co. | Add +163.1% | 0.07% | +0.04 |
| FDX FedEx Corp. | Add +69.5% | 0.07% | +0.04 |
| EL Estee Lauder Companies Class A | Add +49.3% | 0.09% | +0.04 |
| ACN Accenture PLC Class A | Add +68.5% | 0.08% | +0.04 |
| FSLR First Solar Inc. | Add +47.3% | 0.09% | +0.04 |
| WAB Wabtec Corp. | Add +15.9% | 0.21% | +0.04 |
| SHOP Shopify Inc. Class A | Add +3.4% | 0.39% | +0.04 |
| PH Parker Hannifin Corp. | Add +9.1% | 0.18% | +0.04 |
| UBS UBS Group AG-Reg | Add +19.9% | 0.14% | +0.04 |
| TTE Totalenergies SE | Add +82.4% | 0.07% | +0.04 |
| REGN Regeneron Pharmaceuticals | Add +19.8% | 0.09% | +0.03 |
| TWLO Twilio Inc. Class A | Add +27.8% | 0.08% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +13.4% | 0.18% | +0.03 |
| BTI British American Tob-SP ADR | Add +52.3% | 0.09% | +0.03 |
| GLW Corning Inc. | Add +91.3% | 0.06% | +0.03 |
Options Activity Q3 2025 → Q4 2025
| WBD Warner Bros Discovery Inc. | call | Add +33.3% | 200,000 | $5.8M |
| VRNT Verint Systems Inc. | call | Sold out | 144,700 | $2.9Mbefore exit |
| GT Goodyear Tire & Rubber Co. | put | New | 6,200 | $54K |
| MPT Medical Properties Trust Inc. | put | Sold out | 10,000 | $51Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +22.5% | 241,343,777 | $806.1M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +37.7% | 6,957,567 | $483.2M |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | Reduce -0.6% | 478,851 | $173.9M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +3.4% | 25,416,000 | $116.5M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Reduce -11.8% | 74,773,000 | $95.4M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +74.5% | 1,071,531 | $80.7M |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | Add +678.9% | 67,139,000 | $74.2M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +0.4% | 1,273,000 | $65.8M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -2.5% | 19,504,000 | $65.5M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Reduce -11.6% | 51,831,000 | $61.7M |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | Reduce -0.7% | 23,845,000 | $60.5M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Add +3.4% | 57,134,000 | $53.5M |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | New | 43,509,000 | $49.1M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Reduce -21.9% | 45,954,000 | $47.0M |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | Sold out | 11,205,000 | $46.2Mbefore exit |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | Add +705.5% | 30,262,000 | $43.0M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +1.5% | 33,768 | $42.2M |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Add +256.0% | 22,312,000 | $42.1M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -7.7% | 29,173,000 | $41.2M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Reduce -4.3% | 6,504,000 | $34.5M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Reduce -23.0% | 23,885,000 | $34.0M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Reduce -20.2% | 28,145,000 | $33.8M |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | New | 22,336,000 | $33.1M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +34.3% | 31,809,000 | $32.7M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -23.6% | 528,100 | $31.1M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +16.8% | 19,494,000 | $28.7M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Reduce -5.8% | 9,476,000 | $26.9M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -3.8% | 25,500,000 | $25.2M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -2.0% | 24,081,000 | $25.0M |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | Add +70.1% | 19,982,000 | $23.3M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | Add +12.0% | 14,155,000 | $21.9M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -4.4% | 431,770 | $21.7M |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | New | 434,859 | $21.6M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Reduce -17.3% | 18,867,000 | $21.1M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Add +26.1% | 12,393,000 | $20.3M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +8.5% | 13,641,000 | $19.8M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Reduce -34.1% | 5,324,000 | $19.7M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Reduce -2.2% | 328,300 | $19.1M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Reduce -47.2% | 12,670,000 | $18.8M |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 16,799,000 | $17.6M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -1.2% | 18,640,000 | $17.6M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Reduce -73.6% | 16,022,000 | $16.5M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +696.0% | 15,921,000 | $15.7M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 12,768,000 | $15.6Mbefore exit |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Reduce -3.5% | 13,824,000 | $15.4M |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | New | 15,065,000 | $15.0M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Reduce -4.7% | 12,686,000 | $14.8M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -4.3% | 12,014,000 | $14.6M |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | New | 16,337,000 | $14.2M |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | New | 5,147,000 | $13.9M |
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 |