Focus Partners Wealth
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 20, 2025), Focus Partners Wealth reported 1,890 stock positions worth $39.8 billion. Its top holding was Dimensional US Core Equity 2 (DFAC) at 3.3% of the portfolio, followed by Apple (AAPL, 3.2%) and Microsoft (MSFT, 2.5%). Compared with Q4 2024, it opened 184 new positions, sold out of 139, added to 915 and reduced 727. The biggest buy was Avantis US Small Cap Value (AVUV, shares +221%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001542153
- Portfolio Value
- $39.8B (Q1 2025)
- SEC Filing
- 0001085146-25-003391 ↗ filed May 20, 2025
Holdings Value
Holdings 1,890 stocks · $39.8B
| DFAC Dimensional US Core Equity 2 | 3.34% | 40,316,550 | $1.3B | Add +3.8% |
| AAPL Apple Inc. | 3.18% | 5,699,371 | $1.3B | Add +1.5% |
| MSFT Microsoft Corp. | 2.53% | 2,682,264 | $1.0B | Add +2.6% |
| AMZN Amazon.com Inc. | 1.96% | 4,109,074 | $781.8M | Add +2.7% |
| VOO Vanguard S&P 500 ETF | 1.85% | 1,430,680 | $735.2M | Reduce -2.3% |
| DFAT Dimensional US Target Value | 1.68% | 12,985,015 | $668.6M | Add +6.5% |
| DFUV Dimensional US Marketwide Va | 1.54% | 14,874,351 | $613.0M | Add +2.8% |
| BSVO EA Bridgeway Omni Sm-Cp Val | 1.50% | 30,817,473 | $599.1M | Reduce -1.5% |
| ITOT iShares Core S&P Total U.S. | 1.43% | 4,674,812 | $570.4M | Add +3.6% |
| JPM JPMorgan Chase & Co. | 1.37% | 2,232,074 | $547.5M | Reduce -0.9% |
| DFUS Dimensional US Eq MKT ETF | 1.27% | 8,381,976 | $506.9M | Reduce -0.5% |
| AVUV Avantis US Small Cap Value | 1.24% | 5,687,232 | $495.8M | Add +221.2% |
| DFIV Dimensional International Va | 1.21% | 12,243,964 | $481.9M | Add +5.5% |
| VGIT Vanguard Intermediate-Term T | 1.20% | 8,078,018 | $479.8M | Add +3.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.18% | 841,691 | $471.0M | Reduce -3.8% |
| GOOG Alphabet Inc. Class C | 1.18% | 3,009,731 | $470.2M | Add +1.1% |
| IXUS iShares Core Intl Stock ETF | 1.04% | 5,943,570 | $414.9M | Reduce -2.7% |
| NVDA Nvidia Corp. | 1.03% | 3,788,275 | $410.5M | Add +3.0% |
| DISV Dimensional International SM | 1.00% | 13,693,393 | $398.8M | Add +215.3% |
| IVV iShares Core S&P 500 ETF | 0.92% | 649,627 | $365.0M | Add +1.8% |
| DUHP Dimensional US High Profi Et | 0.92% | 10,998,637 | $364.5M | Add +321.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.87% | 654,148 | $348.4M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.84% | 607,702 | $333.1M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 0.83% | 2,126,417 | $328.8M | Add +1.0% |
| QUAL iShares MSCI USA Quality Fac | 0.81% | 1,891,522 | $323.2M | Add +213.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.77% | 1,122,829 | $308.6M | Reduce -19.9% |
| PG The Procter & Gamble Co. | 0.76% | 1,782,391 | $303.8M | Add +3.2% |
| QUS SS SPDR MSCI U Stratfact ETF | 0.75% | 1,918,598 | $300.6M | Add +1.9% |
| XLK SS Technology Select Sector | 0.72% | 1,396,978 | $288.4M | Add +6.7% |
| META Meta Platforms Inc. Class A | 0.72% | 497,294 | $286.4M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 0.72% | 791,207 | $285.7M | Reduce -1.7% |
| IWB iShares Russell 1000 ETF | 0.71% | 917,585 | $281.5M | Reduce -0.1% |
| DFAX Dimensional World Ex US Core | 0.70% | 10,688,333 | $280.0M | Reduce -2.5% |
| AVDV Avantis Intl S/C Value ETF | 0.63% | 3,578,494 | $249.6M | Add +10.0% |
| XOM Exxon Mobil Corp. | 0.62% | 2,079,944 | $247.4M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.62% | 259,602 | $245.5M | Add +0.8% |
| CVX Chevron Corp. | 0.58% | 1,371,121 | $229.4M | Add +2.8% |
| WMT Walmart Inc. | 0.54% | 2,439,755 | $214.2M | Reduce -9.0% |
| IDEV iShares Core MSCI Dev MKTS | 0.52% | 3,012,238 | $207.5M | Add +7.6% |
| OEF iShares S&P 100 ETF | 0.52% | 763,435 | $206.8M | Add +3712.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.51% | 436,136 | $204.6M | Reduce -0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.50% | 539,934 | $200.2M | Add +0.7% |
| VEA Vanguard Ftse Developed ETF | 0.50% | 3,933,357 | $199.9M | Reduce -4.5% |
| JNJ Johnson & Johnson | 0.50% | 1,193,378 | $197.9M | Add +2.6% |
| DLN Wisdomtree US Largecap Divid | 0.47% | 2,370,981 | $188.2M | Add +0.9% |
| RSP Invesco S&P 500 Equal Weight | 0.45% | 1,034,547 | $179.2M | Reduce -14.6% |
| DFSD Dimensional Short Duration | 0.43% | 3,630,430 | $172.5M | Add +8.7% |
| DIHP Dimensional International Hi | 0.43% | 6,378,392 | $171.8M | Add +125.9% |
| PEP Pepsico Inc. | 0.42% | 1,122,798 | $168.4M | Reduce -0.3% |
| DFEM Dimensional Emrg MRKT Core | 0.42% | 6,359,192 | $168.3M | Add +11.7% |
| AVGO Broadcom Inc. | 0.41% | 983,561 | $164.7M | Add +10.6% |
| DFAS Dimensional US Small Cap ETF | 0.40% | 2,678,647 | $160.0M | Reduce -1.2% |
| HD Home Depot Inc. | 0.39% | 423,287 | $155.1M | Add +1.9% |
| VTIP Vanguard Short-Term Tips | 0.39% | 3,103,260 | $154.9M | Add +5.8% |
| VXF Vanguard Extended Market ETF | 0.37% | 862,526 | $148.6M | Add +16.2% |
| UNH Unitedhealth Group Inc. | 0.37% | 277,916 | $145.6M | Add +4.9% |
| V Visa Inc. Class A | 0.35% | 401,537 | $140.7M | Reduce -0.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.35% | 1,828,773 | $138.3M | Reduce -22.5% |
| MCD McDonald's Corp. | 0.35% | 441,983 | $138.1M | Add +2.1% |
| QCOM Qualcomm Inc. | 0.34% | 889,635 | $136.7M | Add +6.0% |
| BSV Vanguard Short-Term Bond ETF | 0.34% | 1,740,174 | $136.2M | Add +1.6% |
| VWO Vanguard Ftse Emerging Marke | 0.34% | 2,989,444 | $135.3M | Add +2.0% |
| ACN Accenture PLC Class A | 0.34% | 432,652 | $135.0M | Add +0.1% |
| AVLV Avantis US Large Cap Value | 0.33% | 2,041,684 | $133.1M | Add +2424.7% |
| BLK BlackRock Inc. | 0.33% | 139,904 | $132.4M | Add +1.5% |
| HON Honeywell International Inc. | 0.33% | 620,148 | $131.3M | Add +2.9% |
| XLV SS Health Care Select Sector | 0.32% | 863,201 | $126.0M | Reduce -2.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.31% | 667,709 | $124.4M | Add +30.2% |
| SO The Southern Co. | 0.29% | 1,272,255 | $117.0M | Reduce -2.1% |
| IWV iShares Russell 3000 ETF | 0.29% | 364,681 | $115.8M | Reduce -1.7% |
| VIG Vanguard Dividend Apprec ETF | 0.29% | 594,936 | $115.4M | Add +9.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.29% | 663,728 | $114.7M | Add +1.2% |
| ABBV Abbvie Inc. | 0.28% | 538,219 | $112.8M | Add +1.6% |
| RTX RTX Corp. | 0.28% | 845,529 | $112.0M | Reduce -4.5% |
| MINT PIMCO Enhanced Short Maturit | 0.28% | 1,091,838 | $109.9M | Add +31.9% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 219,621 | $109.3M | Add +0.1% |
| MRK Merck & Co. Inc. | 0.27% | 1,191,176 | $107.0M | Add +5.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.27% | 1,287,588 | $106.5M | Add +0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.26% | 2,509,689 | $104.7M | Reduce -2.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.26% | 1,116,698 | $104.6M | Reduce -0.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.26% | 405,225 | $104.2M | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.26% | 1,682,274 | $103.8M | Reduce -9.7% |
| NOW ServiceNow Inc. | 0.26% | 128,973 | $102.7M | Add +1.0% |
| LLY Eli Lilly & Co. | 0.26% | 123,635 | $102.1M | Add +4.0% |
| KMI Kinder Morgan Inc. | 0.25% | 3,509,630 | $100.1M | Reduce -1.2% |
| IJH iShares Core S&P Midcap ETF | 0.25% | 1,710,588 | $99.8M | Add +8.6% |
| VCIT Vanguard Int-Term Corporate | 0.24% | 1,184,732 | $96.9M | Add +5.0% |
| CAT Caterpillar Inc. | 0.24% | 291,012 | $96.0M | Add +7.7% |
| DFNM Dimensional National Muni BD | 0.24% | 2,001,930 | $95.2M | Add +3.8% |
| GS Goldman Sachs Group Inc. | 0.24% | 173,638 | $94.9M | Reduce -1.8% |
| IJR iShares Core S&P Small-Cap E | 0.23% | 881,864 | $92.2M | Reduce -15.2% |
| SBUX Starbucks Corp. | 0.23% | 939,040 | $92.1M | Reduce -2.9% |
| IEMG iShares Core MSCI Emerging | 0.23% | 1,699,182 | $91.7M | Reduce -2.2% |
| SPGI S&P Global Inc. | 0.23% | 180,046 | $91.5M | Reduce -16.7% |
| DUK Duke Energy Corp. | 0.23% | 740,630 | $90.3M | Add +4.9% |
| IWD iShares Russell 1000 Value E | 0.23% | 476,848 | $89.7M | Add +0.1% |
| BKNG Booking Holdings Inc. | 0.22% | 19,286 | $87.9M | Add +0.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.22% | 739,206 | $87.3M | Add +10.1% |
| SCZ iShares MSCI Eafe Small-Cap | 0.22% | 1,362,935 | $86.6M | Add +8.5% |
| IVW iShares S&P 500 Growth ETF | 0.22% | 927,442 | $86.1M | Add +0.8% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $85.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| IBDQ iShares Ibonds Dec 2025 Term | IBONDS DEC25 ETF · principal | 893,677 | $22.5M | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 18,198 | $21.9M | Reduce -3.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 14,821 | $18.3M | Reduce -4.6% |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | 672,995 | $16.3M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 81,382 | $4.9M | Add +0.2% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | 71,636 | $1.7M | New |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 15,000 | $15K | New |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 10,000 | $9K | New |
Total filed on the 13F, all lines: $39.9B.
Portfolio Sells Q4 2024 → Q1 2025
| VTI VG Morningstar TS MKT ETF-US | Reduce -19.9% | 0.77% | −0.28 |
| BSVO EA Bridgeway Omni Sm-Cp Val | Reduce -1.5% | 1.50% | −0.26 |
| VOO Vanguard S&P 500 ETF | Reduce -2.3% | 1.85% | −0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.8% | 1.18% | −0.15 |
| DFUS Dimensional US Eq MKT ETF | Reduce -0.5% | 1.27% | −0.13 |
| IWF iShares Russell 1000 Growth | Reduce -1.7% | 0.72% | −0.12 |
| IEF iShares 7-10 Year Treasury B | Reduce -69.6% | 0.04% | −0.10 |
| RSP Invesco S&P 500 Equal Weight | Reduce -14.6% | 0.45% | −0.10 |
| XONE Bondbloxx BBG 1 Dur US Treas | Sold out | 0.00% | −0.10 |
| WMT Walmart Inc. | Reduce -9.0% | 0.54% | −0.09 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -22.5% | 0.35% | −0.08 |
| IJR iShares Core S&P Small-Cap E | Reduce -15.2% | 0.23% | −0.08 |
| JHMM John Hancock Multi Fact Mid | Reduce -52.5% | 0.06% | −0.08 |
| LRCX Lam Research Corp. | Reduce -45.6% | 0.08% | −0.07 |
| AMD Advanced Micro Devices | Reduce -24.1% | 0.12% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.1% | 0.51% | −0.07 |
| STZ Constellation Brands Inc. Class A | Reduce -84.6% | 0.01% | −0.06 |
| IWB iShares Russell 1000 ETF | Reduce -0.1% | 0.71% | −0.06 |
| CDW CDW Corp. | Reduce -92.0% | 0.00% | −0.06 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.06 |
| KKR KKR & Co. Inc. | Reduce -20.5% | 0.09% | −0.06 |
| DFAS Dimensional US Small Cap ETF | Reduce -1.2% | 0.40% | −0.06 |
| HYD Vaneck High Yield Muni ETF | Reduce -18.9% | 0.18% | −0.05 |
| IWM iShares Russell 2000 ETF | Reduce -12.1% | 0.17% | −0.05 |
| IMCV iShares Morningstar Mid-Cap | Reduce -89.9% | 0.01% | −0.05 |
| ADSK Autodesk Inc. | Reduce -73.0% | 0.02% | −0.05 |
| IWO iShares Russell 2000 Growth | Reduce -46.5% | 0.04% | −0.05 |
| SPGI S&P Global Inc. | Reduce -16.7% | 0.23% | −0.05 |
| ADBE Adobe Inc. | Reduce -44.2% | 0.04% | −0.05 |
| ABNB Airbnb Inc. Class A | Reduce -75.5% | 0.01% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 0.72% | −0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -32.0% | 0.08% | −0.04 |
| IBDR iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −0.04 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -84.9% | 0.01% | −0.04 |
| IWN iShares Russell 2000 Value E | Reduce -24.2% | 0.07% | −0.04 |
| UPS United Parcel Service Class B | Reduce -9.6% | 0.11% | −0.03 |
| BAC Bank of America Corp. | Reduce -2.8% | 0.26% | −0.03 |
| POOL Pool Corp. | Reduce -97.0% | 0.00% | −0.03 |
| GLD SPDR Gold Shares | Reduce -24.3% | 0.21% | −0.03 |
| IWV iShares Russell 3000 ETF | Reduce -1.7% | 0.29% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -0.9% | 1.37% | −0.03 |
| KVYO Klaviyo Inc. Class A | Reduce -2.6% | 0.07% | −0.03 |
| APP AppLovin Corp. Class A | Reduce -57.8% | 0.02% | −0.03 |
| JEF Jefferies Financial Group Inc. | Reduce -31.9% | 0.02% | −0.03 |
| AXP American Express Co. | Reduce -8.1% | 0.12% | −0.03 |
| DGRO iShares Core Dividend Growth | Reduce -21.1% | 0.10% | −0.03 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -41.4% | 0.04% | −0.03 |
| EWU iShares MSCI United Kingdom | Reduce -94.8% | 0.00% | −0.03 |
| ORCL Oracle Corp. | Reduce -1.4% | 0.11% | −0.03 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -38.6% | 0.04% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| AVUV Avantis US Small Cap Value | Add +221.2% | 1.24% | +0.80 |
| DISV Dimensional International SM | Add +215.3% | 1.00% | +0.70 |
| DUHP Dimensional US High Profi Et | Add +321.0% | 0.92% | +0.69 |
| QUAL iShares MSCI USA Quality Fac | Add +213.4% | 0.81% | +0.53 |
| OEF iShares S&P 100 ETF | Add +3712.4% | 0.52% | +0.50 |
| AVLV Avantis US Large Cap Value | Add +2424.7% | 0.33% | +0.32 |
| DIHP Dimensional International Hi | Add +125.9% | 0.43% | +0.25 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +4711.1% | 0.20% | +0.19 |
| ISCG iShares Morningstar Small-Ca | Add +303.0% | 0.21% | +0.15 |
| DFIV Dimensional International Va | Add +5.5% | 1.21% | +0.14 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +169.7% | 0.18% | +0.12 |
| VGSH Vanguard Short-Term Treasury | Add +344.1% | 0.15% | +0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 0.87% | +0.10 |
| VGLT Vanguard Long-Term Treasury | Add +13917.1% | 0.10% | +0.10 |
| AVES Avantis Emerging Markets Val | Add +3632.6% | 0.10% | +0.10 |
| DFSU Dimensional US Sus CORE1 ETF | Add +424.8% | 0.11% | +0.09 |
| ICSH iShares Ultra Short Duration | Add +422.2% | 0.10% | +0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +293.4% | 0.11% | +0.08 |
| CSGP Costar Group Inc. | Add +60.5% | 0.20% | +0.08 |
| KLAC KLA Corp. | Add +110.5% | 0.14% | +0.08 |
| AVDV Avantis Intl S/C Value ETF | Add +10.0% | 0.63% | +0.08 |
| FISV Fiserv Inc. | Add +272.9% | 0.10% | +0.07 |
| CVX Chevron Corp. | Add +2.8% | 0.58% | +0.07 |
| UBER Uber Technologies Inc. | Add +112.9% | 0.12% | +0.07 |
| MINT PIMCO Enhanced Short Maturit | Add +31.9% | 0.28% | +0.06 |
| JNJ Johnson & Johnson | Add +2.6% | 0.50% | +0.06 |
| DFSI Dimensional Int Sus COR1 ETF | Add +2264.6% | 0.05% | +0.05 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +205.5% | 0.08% | +0.05 |
| IDEV iShares Core MSCI Dev MKTS | Add +7.6% | 0.52% | +0.05 |
| VGSR Vert GLB Sust Re ETF | Add +625.3% | 0.06% | +0.05 |
| AVSU Avantis Resp US Equity ETF | New | 0.05% | +0.05 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +30.2% | 0.31% | +0.05 |
| ACLC American Century Large Cap E | New | 0.05% | +0.05 |
| AMGN Amgen Inc. | Add +15.8% | 0.17% | +0.04 |
| SUB iShares Short-Term National | Add +51.5% | 0.14% | +0.04 |
| SGOV iShares 0-3 Month Treasury B | Add +31.3% | 0.20% | +0.04 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.62% | +0.04 |
| ABBV Abbvie Inc. | Add +1.6% | 0.28% | +0.04 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +80.1% | 0.08% | +0.04 |
| DFIS Dimensional International SM | Add +181.9% | 0.05% | +0.03 |
| DFEM Dimensional Emrg MRKT Core | Add +11.7% | 0.42% | +0.03 |
| AON Aon PLC Class A | Add +27.7% | 0.13% | +0.03 |
| PM Philip Morris International | Add +5.6% | 0.13% | +0.03 |
| AVRE Avantis Real Estate ETF | New | 0.03% | +0.03 |
| TDG Transdigm Group Inc. | Add +23.8% | 0.13% | +0.03 |
| IDV iShares International Select | Add +307.5% | 0.04% | +0.03 |
| RYN Rayonier Inc. | New | 0.03% | +0.03 |
| VICI Vici Properties Inc. | Add +145.9% | 0.05% | +0.03 |
| FNDC Schwab Fndmnt Intl SM Eq ETF | Add +198.9% | 0.04% | +0.03 |
| DUK Duke Energy Corp. | Add +4.9% | 0.23% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| VANGUARD INDEX FDS | put | Sold out | 69,600 | $20.2Mbefore exit |
| NVIDIA CORPORATION | put | Sold out | 68,900 | $9.3Mbefore exit |
| JPMORGAN CHASE & CO | put | Sold out | 30,000 | $7.2Mbefore exit |
| APPLE INC | put | Sold out | 14,400 | $3.6Mbefore exit |
| BROADCOM INC | put | Sold out | 15,000 | $3.5Mbefore exit |
| MICROSOFT CORP | put | Sold out | 7,500 | $3.2Mbefore exit |
| STATE STR SPDR S&P 500 ETF T | put | Sold out | 4,600 | $2.7Mbefore exit |
| KKR & CO INC | put | Sold out | 17,600 | $2.6Mbefore exit |
| ABBVIE INC | put | Sold out | 5,500 | $977Kbefore exit |
| ALPHABET INC | put | Sold out | 4,600 | $876Kbefore exit |
| ELI LILLY & CO | put | Sold out | 900 | $695Kbefore exit |
| AXON ENTERPRISE INC | put | Sold out | 900 | $535Kbefore exit |
| THERMO FISHER SCIENTIFIC INC | put | Sold out | 1,000 | $520Kbefore exit |
| SELECT SECTOR SPDR TR | put | Sold out | 5,700 | $488Kbefore exit |
| TESLA INC | put | Sold out | 700 | $283Kbefore exit |
| CRWD CrowdStrike Holdings Inc. Class A | call | Sold out | 400 | $16Kbefore exit |
| META Meta Platforms Inc. Class A | call | Sold out | 100 | $8Kbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 100 | $6Kbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 100 | $5Kbefore exit |
| ADSK Autodesk Inc. | call | Sold out | 100 | $5Kbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 100 | $4Kbefore exit |
| AAPL Apple Inc. | call | Sold out | 100 | $3Kbefore exit |
| APP AppLovin Corp. Class A | call | Sold out | 200 | $3Kbefore exit |
| XLF SS Financial Select Sector | call | Sold out | 600 | $3Kbefore exit |
| BLK BlackRock Inc. | call | Sold out | 100 | $2Kbefore exit |
| GOOG Alphabet Inc. Class C | call | Sold out | 100 | $2Kbefore exit |
| HOOD Robinhood Markets Inc. Class A | call | Sold out | 200 | $2Kbefore exit |
| XLK SS Technology Select Sector | call | Sold out | 100 | $2Kbefore exit |
| RKLB Rocket Lab USA Inc. | call | Sold out | 100 | $2Kbefore exit |
| CEG Constellation Energy | call | Sold out | 100 | $2Kbefore exit |
| JETS US Global Jets ETF | call | Sold out | 500 | $1Kbefore exit |
| WM Waste Management Inc. | call | Sold out | 100 | $1Kbefore exit |
| MCK McKesson Corp. | call | Sold out | 100 | $990before exit |
| PARAA Paramount Global Class B | call | Sold out | 500 | $893before exit |
| ACHR Archer Aviation Inc. Class A | call | Sold out | 200 | $790before exit |
| DIS The Walt Disney Co. | call | Sold out | 100 | $785before exit |
| UBER Uber Technologies Inc. | call | Sold out | 100 | $716before exit |
| GWRE Guidewire Software Inc. | call | Sold out | 100 | $695before exit |
| NVO Novo-Nordisk A/S-Spons ADR | call | Sold out | 100 | $680before exit |
| GAP The Gap Inc. | put | Sold out | 200 | $300before exit |
| TQQQ Proshares Ultrapro QQQ | put | Sold out | 2,500 | $275before exit |
| ITB iShares U.S. Home Constructi | call | Sold out | 100 | $150before 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
| IBDQ iShares Ibonds Dec 2025 Term | IBONDS DEC25 ETF · principal | New | 893,677 | $22.5M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -3.3% | 18,198 | $21.9M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -4.6% | 14,821 | $18.3M |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | New | 672,995 | $16.3M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +0.2% | 81,382 | $4.9M |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | New | 71,636 | $1.7M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Sold out | 30,000 | $36Kbefore exit |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | Sold out | 16,000 | $32Kbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 29,000 | $28Kbefore exit |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | New | 15,000 | $15K |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | New | 10,000 | $9K |
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 | 2,753 | $97.5B | AAPL, NVDA, XLK, MSFT, DFAC |
| Q1 2026 | 2,633 | $89.8B | AAPL, NVDA, MSFT, XLK, DFAC |
| Q4 2025 | 2,640 | $87.7B | AAPL, MSFT, NVDA, XLK, DFAC |
| Q3 2025 | 2,195 | $61.9B | XLK, AAPL, DFAC, VOO, MSFT |
| Q2 2025 | 2,025 | $46.1B | DFAC, MSFT, AAPL, AMZN, VOO |
| Q1 2025Amended | 1,890 | $39.8B | DFAC, AAPL, MSFT, AMZN, VOO |
| Q4 2024Amended | 1,845 | $38.4B | AAPL, DFAC, MSFT, AMZN, VOO |
| Q3 2024 | 1,550 | $31.3B | DFAC, AAPL, MSFT, VOO, DFAT |
| Q2 2024 | 1,235 | $29.7B | MSFT, VOO, AAPL, AMZN, IVV |
| Q1 2024 | 981 | $12.3B | MSFT, VOO, IXUS, AAPL, BRK.A |