Franklin Resources Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Franklin Resources Inc. reported 2,837 stock positions worth $341.0 billion. Its top holding was Microsoft (MSFT) at 4.4% of the portfolio, followed by Nvidia (NVDA, 3.2%) and Apple (AAPL, 3.0%). Compared with Q4 2024, it opened 188 new positions, sold out of 147, added to 1,442 and reduced 984. The biggest buy was Accenture Class A (ACN, shares +123%) and the biggest sale Nvidia (NVDA, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- San Mateo, CA
- CIK
- 0000038777
- Portfolio Value
- $341.0B (Q1 2025)
- SEC Filing
- 0000038777-25-000090 ↗ filed May 13, 2025
Holdings Value
Holdings 2,837 stocks · $341.0B
| MSFT Microsoft Corp. | 4.39% | 39,858,855 | $15.0B | Add +0.1% |
| NVDA Nvidia Corp. | 3.22% | 101,428,955 | $11.0B | Reduce -6.0% |
| AAPL Apple Inc. | 3.02% | 46,408,521 | $10.3B | Reduce -2.1% |
| AMZN Amazon.com Inc. | 2.54% | 45,527,743 | $8.7B | Reduce -3.5% |
| AVGO Broadcom Inc. | 1.39% | 28,291,529 | $4.7B | Add +5.2% |
| META Meta Platforms Inc. Class A | 1.39% | 8,202,737 | $4.7B | Add +0.1% |
| UNH Unitedhealth Group Inc. | 1.36% | 8,849,228 | $4.6B | Reduce -0.8% |
| XOM Exxon Mobil Corp. | 1.27% | 36,304,724 | $4.3B | Add +1.8% |
| MA Mastercard Inc. Class A | 1.25% | 7,804,837 | $4.3B | Add +1.2% |
| PG The Procter & Gamble Co. | 1.10% | 21,952,024 | $3.7B | Add +8.7% |
| ABBV Abbvie Inc. | 1.09% | 17,670,634 | $3.7B | Add +2.5% |
| WMT Walmart Inc. | 1.02% | 39,661,044 | $3.5B | Reduce -5.6% |
| LLY Eli Lilly & Co. | 1.02% | 4,202,129 | $3.5B | Add +17.0% |
| V Visa Inc. Class A | 0.99% | 9,629,227 | $3.4B | Add +3.0% |
| JPM JPMorgan Chase & Co. | 0.95% | 13,252,097 | $3.3B | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 0.95% | 20,973,831 | $3.2B | Reduce -9.5% |
| GOOG Alphabet Inc. Class C | 0.89% | 19,403,360 | $3.0B | Reduce -2.9% |
| JNJ Johnson & Johnson | 0.86% | 17,756,649 | $2.9B | Add +1.8% |
| CVX Chevron Corp. | 0.85% | 17,394,302 | $2.9B | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.84% | 69,007,558 | $2.9B | Reduce -18.2% |
| NEE Nextera Energy Inc. | 0.81% | 38,990,798 | $2.8B | Reduce -3.9% |
| KO The Coca-Cola Co. | 0.80% | 38,010,943 | $2.7B | Add +11.5% |
| PM Philip Morris International | 0.75% | 16,141,858 | $2.6B | Add +13.3% |
| SCHW Schwab (charles) Corp. | 0.67% | 29,220,312 | $2.3B | Add +20.7% |
| C Citigroup Inc. | 0.66% | 31,610,565 | $2.2B | Reduce -3.7% |
| ORCL Oracle Corp. | 0.65% | 15,942,024 | $2.2B | Reduce -21.1% |
| TMO Thermo Fisher Scientific Inc. | 0.64% | 4,399,308 | $2.2B | Add +12.3% |
| NOW ServiceNow Inc. | 0.64% | 2,730,723 | $2.2B | Reduce -4.2% |
| ACN Accenture PLC Class A | 0.60% | 6,561,319 | $2.0B | Add +123.4% |
| RTX RTX Corp. | 0.60% | 15,353,883 | $2.0B | Reduce -7.6% |
| MRK Merck & Co. Inc. | 0.58% | 21,896,853 | $2.0B | Add +10.2% |
| PEP Pepsico Inc. | 0.57% | 13,035,618 | $2.0B | Reduce -5.2% |
| COF Capital One Financial Corp. | 0.57% | 10,774,578 | $1.9B | Add +0.5% |
| ISRG Intuitive Surgical Inc. | 0.55% | 3,817,121 | $1.9B | Reduce -11.3% |
| MCK McKesson Corp. | 0.54% | 2,711,396 | $1.8B | Add +3.5% |
| JCI Johnson Controls Internation | 0.53% | 22,548,040 | $1.8B | Reduce -3.4% |
| NFLX Netflix Inc. | 0.52% | 1,914,587 | $1.8B | Add +31.2% |
| TSLA Tesla Inc. | 0.51% | 6,711,395 | $1.7B | Add +0.0% |
| CSCO Cisco Systems Inc. | 0.51% | 27,931,889 | $1.7B | Add +59.8% |
| LIN Linde PLC | 0.50% | 3,694,330 | $1.7B | Reduce -1.0% |
| HON Honeywell International Inc. | 0.50% | 8,007,222 | $1.7B | Reduce -4.7% |
| PNC PNC Financial Services Group | 0.50% | 9,637,876 | $1.7B | Reduce -11.1% |
| CRM Salesforce Inc. | 0.48% | 6,105,609 | $1.6B | Add +9.1% |
| COP Conocophillips | 0.48% | 15,528,578 | $1.6B | Add +7.7% |
| FLCB Franklin U.S. Core Bond ETF | 0.47% | 74,352,956 | $1.6B | Reduce -1.3% |
| TMUS T-Mobile US Inc. | 0.47% | 5,989,012 | $1.6B | Reduce -3.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.45% | 21,101,993 | $1.6B | Add +8.3% |
| UNP Union Pacific Corp. | 0.45% | 6,523,745 | $1.5B | Reduce -15.1% |
| CRH CRH PLC | 0.43% | 16,538,128 | $1.5B | Reduce -1.5% |
| GM General Motors Co. | 0.42% | 30,736,188 | $1.4B | Add +5.0% |
| REGN Regeneron Pharmaceuticals | 0.42% | 2,276,675 | $1.4B | Add +11.3% |
| TXN Texas Instruments Inc. | 0.42% | 7,938,963 | $1.4B | Add +13.6% |
| QCOM Qualcomm Inc. | 0.41% | 9,128,632 | $1.4B | Add +21.0% |
| FCX Freeport-McMoran Inc. | 0.41% | 36,496,169 | $1.4B | Add +23.7% |
| SO The Southern Co. | 0.40% | 14,945,715 | $1.4B | Add +6.0% |
| ADI Analog Devices Inc. | 0.40% | 6,699,694 | $1.4B | Reduce -10.7% |
| PPL PPL Corp. | 0.39% | 37,252,774 | $1.3B | Add +1.1% |
| NOC Northrop Grumman Corp. | 0.39% | 2,624,381 | $1.3B | Add +3.6% |
| MDT Medtronic PLC | 0.38% | 14,469,603 | $1.3B | Reduce -11.3% |
| SYK Stryker Corp. | 0.38% | 3,450,569 | $1.3B | Reduce -2.0% |
| MCD McDonald's Corp. | 0.37% | 4,085,069 | $1.3B | Add +0.8% |
| PHM Pultegroup Inc. | 0.37% | 12,195,573 | $1.3B | Add +2.2% |
| SNPS Synopsys Inc. | 0.37% | 2,915,835 | $1.3B | Reduce -13.9% |
| ABT Abbott Laboratories | 0.37% | 9,394,540 | $1.2B | Reduce -13.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.36% | 7,388,528 | $1.2B | Reduce -13.1% |
| HD Home Depot Inc. | 0.36% | 3,325,976 | $1.2B | Add +0.9% |
| NRG NRG Energy Inc. | 0.35% | 12,551,551 | $1.2B | Add +2.8% |
| CHTR Charter Communications Inc. Class A | 0.35% | 3,237,822 | $1.2B | Add +2.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.35% | 5,233,954 | $1.2B | Add +18.6% |
| APO Apollo Global Management Inc. | 0.34% | 8,501,954 | $1.2B | Add +1.0% |
| LUV Southwest Airlines Co. | 0.34% | 34,383,928 | $1.2B | Add +4.3% |
| AMT American Tower Corp. | 0.33% | 5,187,500 | $1.1B | Add +0.4% |
| WFC Wells Fargo & Co. | 0.32% | 15,431,559 | $1.1B | Add +41.5% |
| BLK BlackRock Inc. | 0.32% | 1,162,457 | $1.1B | Add +9.7% |
| CDNS Cadence Design SYS Inc. | 0.32% | 4,272,145 | $1.1B | Reduce -11.4% |
| FDX FedEx Corp. | 0.32% | 4,451,235 | $1.1B | Add +3.5% |
| AMGN Amgen Inc. | 0.32% | 3,481,971 | $1.1B | Add +5.8% |
| BKNG Booking Holdings Inc. | 0.32% | 235,454 | $1.1B | Reduce -24.8% |
| LOW Lowe's Cos Inc. | 0.32% | 4,630,690 | $1.1B | Add +37.4% |
| ROP Roper Technologies Inc. | 0.32% | 1,830,182 | $1.1B | Reduce -8.3% |
| CTVA Corteva Inc. | 0.31% | 16,855,787 | $1.1B | Add +4.4% |
| AIG American International Group | 0.30% | 11,819,935 | $1.0B | Add +13.1% |
| IR Ingersoll-Rand Inc. | 0.30% | 12,723,026 | $1.0B | Add +3.6% |
| SHOP Shopify Inc. Class A | 0.30% | 10,600,264 | $1.0B | Reduce -4.4% |
| APD Air Products & Chemicals Inc. | 0.29% | 3,349,926 | $988.0M | Reduce -5.1% |
| CI The Cigna Group | 0.28% | 2,935,464 | $965.8M | Add +0.3% |
| GS Goldman Sachs Group Inc. | 0.28% | 1,766,825 | $965.2M | Reduce -2.1% |
| MS Morgan Stanley | 0.28% | 8,146,933 | $950.5M | Add +5.5% |
| DHR Danaher Corp. | 0.28% | 4,636,085 | $950.4M | Reduce -37.3% |
| ALL Allstate Corp. | 0.28% | 4,557,255 | $943.7M | Add +1746.8% |
| KVUE Kenvue Inc. | 0.28% | 39,227,435 | $940.7M | Reduce -8.2% |
| CMCSA Comcast Corp. Class A | 0.27% | 25,229,867 | $931.0M | Add +2.0% |
| CME Cme Group Inc. | 0.27% | 3,442,756 | $913.3M | Add +2.3% |
| AXON Axon Enterprise Inc. | 0.26% | 1,714,903 | $902.0M | Reduce -4.8% |
| COST Costco Wholesale Corp. | 0.26% | 939,764 | $888.8M | Reduce -4.8% |
| DUK Duke Energy Corp. | 0.26% | 7,267,505 | $886.4M | Reduce -9.0% |
| TGT Target Corp. | 0.26% | 8,333,418 | $869.7M | Add +3.1% |
| NDAQ Nasdaq Inc. | 0.25% | 11,314,168 | $858.3M | Add +9.0% |
| OTIS Otis Worldwide Corp. | 0.24% | 7,795,799 | $804.5M | Add +0.1% |
| LMT Lockheed Martin Corp. | 0.23% | 1,780,443 | $795.3M | Add +3.7% |
Options reported separately and not counted above: SPY calls ($2.1B), STX calls ($65.9M), TLT puts ($25.0M), AAPL puts ($17.4M), SPY puts ($4.7M), DIA puts ($4.0M), LUV calls ($2.7M), NVDA puts ($2.3M), QQQ puts ($2.2M), IWM puts ($1.5M), DKS puts ($907K), AMZN puts ($381K).
Other holdings (112): bonds, preferreds, convertibles and warrants · $4.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 8,688,310 | $519.8M | Add +4.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 9,255,422 | $330.0M | Add +7.5% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 5,202,865 | $248.7M | Add +24.2% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 5,037,604 | $229.5M | Add +26.6% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 3,692,746 | $178.0M | Add +8.0% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 2,310,522 | $168.9M | Reduce -2.8% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 3,218,562 | $130.8M | Reduce -0.4% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 63,569,000 | $80.7M | No change |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 55,987,000 | $74.1M | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 72,000,000 | $72.4M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 66,500,000 | $72.1M | Reduce -10.1% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 61,000,000 | $71.4M | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 30,151,000 | $70.8M | Reduce -19.5% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 66,644,000 | $70.6M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 1,462,525 | $69.8M | Reduce -8.7% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 69,512,000 | $68.1M | No change |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 71,720,000 | $67.9M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 55,646,000 | $66.5M | Add +23.7% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 67,500,000 | $66.4M | No change |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 67,300,000 | $65.3M | New |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 27,500,000 | $65.3M | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 1,295,000 | $64.0M | New |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 66,475,000 | $62.0M | Reduce -9.0% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 63,000,000 | $60.7M | No change |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 24,500,000 | $60.3M | Reduce -14.6% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 53,916,000 | $57.4M | Reduce -0.8% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 47,878,000 | $56.9M | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 59,568,000 | $52.5M | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 37,163,000 | $51.7M | Reduce -1.6% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 51,915,000 | $50.8M | Add +1.6% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 49,083,000 | $49.8M | Add +1.6% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 44,761,000 | $46.5M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 49,190,000 | $44.1M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 33,889,000 | $41.4M | Reduce -12.9% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 29,000,000 | $41.1M | No change |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 24,929,000 | $40.6M | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 38,000,000 | $40.4M | No change |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 19,500,000 | $39.3M | Reduce -11.7% |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 35,081,000 | $37.8M | No change |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 35,000,000 | $33.6M | No change |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 33,998,000 | $33.3M | No change |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 31,500,000 | $32.9M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 35,000,000 | $32.8M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 27,000,000 | $31.0M | No change |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 31,000,000 | $30.2M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 580,000 | $28.7M | New |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 25,000,000 | $26.0M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 562,217 | $25.2M | Add +21.2% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 25,000,000 | $21.7M | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 25,000,000 | $21.1M | New |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | 24,000,000 | $20.1M | New |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 15,783,000 | $19.0M | Add +22.6% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 14,938,000 | $14.6M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 10,805,000 | $13.2M | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 57,019,000 | $12.8M | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 10,255 | $12.7M | Add +30.0% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 13,326,000 | $12.3M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 8,388,000 | $11.7M | Reduce -5.9% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 8,597,000 | $11.0M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 12,317,000 | $10.7M | Reduce -18.3% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 8,598,000 | $10.5M | Reduce -1.0% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 11,274,000 | $10.4M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 9,260,000 | $10.3M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 9,022,000 | $10.1M | Add +26.5% |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 38,000,000 | $9.4M | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 8,561,000 | $9.0M | New |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 3,791,000 | $8.8M | Reduce -18.0% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 11,092,000 | $8.8M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 10,141,000 | $8.6M | Reduce -18.3% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 9,346,000 | $8.6M | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 9,017,000 | $8.5M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 6,736,000 | $7.8M | No change |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 7,000,000 | $7.7M | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 8,371,000 | $7.6M | No change |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 7,879,000 | $7.3M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 4,570,000 | $6.5M | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 6,699,000 | $6.4M | Reduce -15.8% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 114,081 | $6.2M | Reduce -24.5% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 4,452,000 | $6.2M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 5,075,000 | $6.1M | Reduce -35.1% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 4,059,000 | $5.7M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 4,964,000 | $5.2M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 4,800,000 | $4.8M | New |
| DISH NETWORK CORP (DISH 0 12/15/25) | NOTE 12/1 · principal | 5,000,000 | $4.5M | No change |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 4,676,000 | $4.5M | No change |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 3,850,000 | $4.2M | No change |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 5,675,000 | $3.8M | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 4,006,000 | $3.7M | Add +23.8% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 3,983,000 | $3.7M | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 3,571,000 | $3.4M | Reduce -36.0% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 2,676,000 | $3.0M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 3,062,000 | $2.7M | Reduce -29.0% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 641,000 | $2.2M | Reduce -34.9% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 1,575,000 | $1.5M | No change |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 1,598,000 | $1.4M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 1,254,000 | $1.3M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 1,093,000 | $1.2M | No change |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 1,000,000 | $1.1M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 1,124,000 | $955K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 31,588 | $874K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 750,000 | $716K | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 532,000 | $593K | No change |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 441,000 | $586K | No change |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 250,000 | $369K | Reduce -46.7% |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 2,187 | $216K | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 70,000 | $64K | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 62,000 | $59K | No change |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 266,666 | $58K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 48 | $58K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 75,003 | $21K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 19,000 | $17K | No change |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 10,001 | $4K | No change |
Total filed on the 13F, all lines: $345.4B.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -6.0% | 3.22% | −0.87 |
| AMZN Amazon.com Inc. | Reduce -3.5% | 2.54% | −0.39 |
| AAPL Apple Inc. | Reduce -2.1% | 3.02% | −0.33 |
| ORCL Oracle Corp. | Reduce -21.1% | 0.65% | −0.30 |
| GOOGL Alphabet Inc. Class A | Reduce -9.5% | 0.95% | −0.29 |
| NOW ServiceNow Inc. | Reduce -4.2% | 0.64% | −0.22 |
| BAC Bank of America Corp. | Reduce -18.2% | 0.84% | −0.20 |
| DHR Danaher Corp. | Reduce -37.3% | 0.28% | −0.20 |
| BSX Boston Scientific Corp. | Reduce -55.0% | 0.22% | −0.20 |
| AMD Advanced Micro Devices | Reduce -80.7% | 0.04% | −0.20 |
| GOOG Alphabet Inc. Class C | Reduce -2.9% | 0.89% | −0.19 |
| UPS United Parcel Service Class B | Reduce -38.3% | 0.22% | −0.17 |
| ADBE Adobe Inc. | Reduce -45.7% | 0.13% | −0.14 |
| NXPI NXP Semiconductors NV | Reduce -45.7% | 0.14% | −0.13 |
| BKNG Booking Holdings Inc. | Reduce -24.8% | 0.32% | −0.12 |
| INTU Intuit Inc. | Reduce -35.8% | 0.22% | −0.12 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -13.1% | 0.36% | −0.12 |
| SNPS Synopsys Inc. | Reduce -13.9% | 0.37% | −0.10 |
| TJX TJX Companies Inc. | Reduce -48.4% | 0.11% | −0.10 |
| PNC PNC Financial Services Group | Reduce -11.1% | 0.50% | −0.09 |
| CDNS Cadence Design SYS Inc. | Reduce -11.4% | 0.32% | −0.09 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −0.09 |
| MANH Manhattan Associates Inc. | Reduce -36.3% | 0.06% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -11.3% | 0.55% | −0.08 |
| MDB Mongodb Inc. | Reduce -40.7% | 0.06% | −0.07 |
| EFX Equifax Inc. | Reduce -98.6% | 0.00% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -13.8% | 0.19% | −0.07 |
| VNT Vontier Corp. | Reduce -80.4% | 0.01% | −0.07 |
| DOV Dover Corp. | Reduce -45.3% | 0.07% | −0.06 |
| WST West Pharmaceutical Services | Reduce -12.4% | 0.10% | −0.06 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -98.1% | 0.00% | −0.06 |
| HUM Humana Inc. | Reduce -84.7% | 0.01% | −0.06 |
| PWR Quanta Services Inc. | Reduce -56.6% | 0.03% | −0.06 |
| ADI Analog Devices Inc. | Reduce -10.7% | 0.40% | −0.05 |
| MU Micron Technology Inc. | Reduce -49.4% | 0.06% | −0.05 |
| WMT Walmart Inc. | Reduce -5.6% | 1.02% | −0.05 |
| ROST Ross Stores Inc. | Reduce -17.0% | 0.13% | −0.05 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.05 |
| APTV Aptiv PLC | Reduce -45.4% | 0.06% | −0.05 |
| AEP American Electric Power | Reduce -58.6% | 0.05% | −0.04 |
| UNP Union Pacific Corp. | Reduce -15.1% | 0.45% | −0.04 |
| BA The Boeing Co. | Reduce -49.8% | 0.04% | −0.04 |
| FICO Fair Isaac Corp. | Reduce -23.7% | 0.11% | −0.04 |
| HON Honeywell International Inc. | Reduce -4.7% | 0.50% | −0.04 |
| DHI D.R. Horton Inc. | Reduce -23.1% | 0.10% | −0.04 |
| AXON Axon Enterprise Inc. | Reduce -4.8% | 0.26% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -4.4% | 0.30% | −0.04 |
| TT Trane Technologies PLC | Reduce -9.5% | 0.22% | −0.04 |
| DIS The Walt Disney Co. | Reduce -6.5% | 0.22% | −0.04 |
| XYZ Block Inc. | Reduce -25.2% | 0.03% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| ACN Accenture PLC Class A | Add +123.4% | 0.60% | +0.31 |
| PM Philip Morris International | Add +13.3% | 0.75% | +0.27 |
| ALL Allstate Corp. | Add +1746.8% | 0.28% | +0.26 |
| LLY Eli Lilly & Co. | Add +17.0% | 1.02% | +0.23 |
| ABBV Abbvie Inc. | Add +2.5% | 1.09% | +0.22 |
| CSCO Cisco Systems Inc. | Add +59.8% | 0.51% | +0.21 |
| KO The Coca-Cola Co. | Add +11.5% | 0.80% | +0.20 |
| XOM Exxon Mobil Corp. | Add +1.8% | 1.27% | +0.18 |
| STX Seagate Technology Holdings | Add +358.2% | 0.21% | +0.17 |
| SCHW Schwab (charles) Corp. | Add +20.7% | 0.67% | +0.16 |
| NFLX Netflix Inc. | Add +31.2% | 0.52% | +0.16 |
| V Visa Inc. Class A | Add +3.0% | 0.99% | +0.15 |
| T AT&T Inc. | Add +189.0% | 0.21% | +0.15 |
| JNJ Johnson & Johnson | Add +1.8% | 0.86% | +0.15 |
| CVX Chevron Corp. | Add +0.7% | 0.85% | +0.15 |
| PG The Procter & Gamble Co. | Add +8.7% | 1.10% | +0.14 |
| PGR Progressive Corp. | Add +80.2% | 0.21% | +0.12 |
| KEY Keycorp | Add +6497.9% | 0.12% | +0.12 |
| MCK McKesson Corp. | Add +3.5% | 0.54% | +0.11 |
| WFC Wells Fargo & Co. | Add +41.5% | 0.32% | +0.11 |
| MA Mastercard Inc. Class A | Add +1.2% | 1.25% | +0.11 |
| AZN Astrazeneca PLC-Spons ADR | Add +8.3% | 0.45% | +0.09 |
| FCX Freeport-McMoran Inc. | Add +23.7% | 0.41% | +0.09 |
| AIG American International Group | Add +13.1% | 0.30% | +0.09 |
| QCOM Qualcomm Inc. | Add +21.0% | 0.41% | +0.08 |
| LOW Lowe's Cos Inc. | Add +37.4% | 0.32% | +0.08 |
| RS Reliance Inc. | Add +630.7% | 0.09% | +0.08 |
| PINS Pinterest Inc. Class A | Add +94.3% | 0.15% | +0.08 |
| APH Amphenol Corp. Class A | Add +59.1% | 0.21% | +0.08 |
| AMGN Amgen Inc. | Add +5.8% | 0.32% | +0.08 |
| SO The Southern Co. | Add +6.0% | 0.40% | +0.07 |
| COP Conocophillips | Add +7.7% | 0.48% | +0.07 |
| LULU Lululemon Athletica Inc. | Add +669.9% | 0.08% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +12.3% | 0.64% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +20.8% | 0.20% | +0.07 |
| CP Canadian Pacific Kansas City | Add +54.0% | 0.18% | +0.06 |
| AMT American Tower Corp. | Add +0.4% | 0.33% | +0.06 |
| FLBL Franklin Senior Loan ETF | Add +936.6% | 0.07% | +0.06 |
| APP AppLovin Corp. Class A | Add +87.1% | 0.16% | +0.06 |
| MRVL Marvell Technology Inc. | Add +1030.4% | 0.07% | +0.06 |
| NOC Northrop Grumman Corp. | Add +3.6% | 0.39% | +0.06 |
| ELV Elevance Health Inc. | Add +20.1% | 0.18% | +0.06 |
| CCK Crown Holdings Inc. | Add +262.2% | 0.07% | +0.06 |
| PPL PPL Corp. | Add +1.1% | 0.39% | +0.06 |
| MRSH Marsh & McLennan Cos | Add +66.3% | 0.11% | +0.05 |
| CI The Cigna Group | Add +0.3% | 0.28% | +0.05 |
| ULTA Ulta Beauty Inc. | Add +1273.0% | 0.06% | +0.05 |
| BJ Bj's Wholesale Club Holdings | Add +6.1% | 0.19% | +0.05 |
| FIS Fidelity National Info Serv | Add +174.9% | 0.09% | +0.05 |
| DG Dollar General Corp. | Add +712.0% | 0.06% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| STX Seagate Technology Holdings | call | New | 776,291 | $65.9M |
| AAPL Apple Inc. | put | Add +15.8% | 78,300 | $17.4M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +6.3% | 8,400 | $4.7M |
| LUV Southwest Airlines Co. | call | New | 80,500 | $2.7M |
| NVDA Nvidia Corp. | put | New | 21,000 | $2.3M |
| IWM iShares Russell 2000 ETF | put | Reduce -2.6% | 7,600 | $1.5M |
| AMZN Amazon.com Inc. | put | New | 2,000 | $381K |
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 +4.5% | 8,688,310 | $519.8M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +7.5% | 9,255,422 | $330.0M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +24.2% | 5,202,865 | $248.7M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +26.6% | 5,037,604 | $229.5M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +8.0% | 3,692,746 | $178.0M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -2.8% | 2,310,522 | $168.9M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -0.4% | 3,218,562 | $130.8M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -10.1% | 66,500,000 | $72.1M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Reduce -19.5% | 30,151,000 | $70.8M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -8.7% | 1,462,525 | $69.8M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | Sold out | 43,091,000 | $69.1Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 71,720,000 | $67.9M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +23.7% | 55,646,000 | $66.5M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | New | 67,300,000 | $65.3M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 1,295,000 | $64.0M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -9.0% | 66,475,000 | $62.0M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Reduce -14.6% | 24,500,000 | $60.3M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | Sold out | 40,500,000 | $60.0Mbefore exit |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -0.8% | 53,916,000 | $57.4M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Reduce -1.6% | 37,163,000 | $51.7M |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | Add +1.6% | 51,915,000 | $50.8M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +1.6% | 49,083,000 | $49.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -12.9% | 33,889,000 | $41.4M |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -11.7% | 19,500,000 | $39.3M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 580,000 | $28.7M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +21.2% | 562,217 | $25.2M |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | Sold out | 30,000,000 | $23.5Mbefore exit |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | New | 25,000,000 | $21.1M |
| THE REALREAL INC (REAL 4 02/15/31) | DEBT 4.000% 2/1 · principal | New | 24,000,000 | $20.1M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +22.6% | 15,783,000 | $19.0M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +30.0% | 10,255 | $12.7M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -5.9% | 8,388,000 | $11.7M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -18.3% | 12,317,000 | $10.7M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Reduce -1.0% | 8,598,000 | $10.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 11,274,000 | $10.4M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +26.5% | 9,022,000 | $10.1M |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Sold out | 2,177,000 | $10.1Mbefore exit |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | New | 8,561,000 | $9.0M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Reduce -18.0% | 3,791,000 | $8.8M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Reduce -18.3% | 10,141,000 | $8.6M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 9,346,000 | $8.6M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Sold out | 5,827,000 | $8.1Mbefore exit |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Sold out | 5,955,000 | $7.0Mbefore exit |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Sold out | 7,633,000 | $6.6Mbefore exit |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 4,570,000 | $6.5M |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Reduce -15.8% | 6,699,000 | $6.4M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -24.5% | 114,081 | $6.2M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -35.1% | 5,075,000 | $6.1M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 4,800,000 | $4.8M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Add +23.8% | 4,006,000 | $3.7M |
Showing the first 50 of 65.
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 | 3,067 | $454.5B | AAPL, NVDA, MSFT, AMZN, AVGO |
| Q1 2026 | 3,028 | $402.0B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q4 2025 | 2,976 | $402.0B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q3 2025 | 2,987 | $395.6B | MSFT, NVDA, AMZN, AAPL, AVGO |
| Q2 2025 | 2,896 | $372.2B | MSFT, NVDA, AMZN, AAPL, AVGO |
| Q1 2025 | 2,837 | $341.0B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q4 2024 | 2,795 | $353.5B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q3 2024Amended | 2,785 | $352.4B | MSFT, NVDA, AAPL, AMZN, UNH |
| Q2 2024 | 2,733 | $321.9B | MSFT, NVDA, AMZN, AAPL, GOOGL |
| Q1 2024 | 2,724 | $312.3B | MSFT, NVDA, AMZN, AAPL, GOOGL |