Gabelli Funds LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Gabelli Funds LLC reported 1,160 stock positions worth $14.5 billion. Its top holding was Microsoft (MSFT) at 1.8% of the portfolio, followed by Nvidia (NVDA, 1.6%) and Newmont (NEM, 1.5%). Compared with Q3 2025, it opened 74 new positions, sold out of 67, added to 350 and reduced 392. The biggest buy was a new position in Cidara Therapeutics (CDTX) and the biggest sale an exit from Verona Pharma (VRNA).
- Most Recent 13F
- Q2 2026
- Location
- Rye, NY
- CIK
- 0001081407
- Portfolio Value
- $14.5B (Q4 2025)
- SEC Filing
- 0001140361-26-003893 ↗ filed Feb 5, 2026
Holdings Value
Holdings 1,160 stocks · $14.5B
| MSFT Microsoft Corp. | 1.75% | 527,603 | $255.2M | Add +0.7% |
| NVDA Nvidia Corp. | 1.64% | 1,276,398 | $238.0M | Add +0.5% |
| NEM Newmont Corp. | 1.54% | 2,249,968 | $224.7M | Reduce -15.7% |
| MA Mastercard Inc. Class A | 1.35% | 342,929 | $195.8M | Reduce -1.6% |
| AME Ametek Inc. | 1.33% | 944,183 | $193.9M | Reduce -1.0% |
| NFG National Fuel Gas Co. | 1.30% | 2,355,282 | $188.6M | Reduce -0.2% |
| AXP American Express Co. | 1.21% | 473,907 | $175.3M | Reduce -5.2% |
| NEE Nextera Energy Inc. | 1.09% | 1,969,875 | $158.1M | Reduce -1.7% |
| GATX Gatx Corp. | 1.07% | 913,850 | $155.0M | Reduce -1.4% |
| MLI Mueller Industries Inc. | 1.07% | 1,349,850 | $155.0M | Reduce -8.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.06% | 1,333,869 | $154.8M | Reduce -6.8% |
| AMZN Amazon.com Inc. | 1.01% | 633,521 | $146.2M | Add +0.1% |
| CR Crane Co. | 0.95% | 749,945 | $138.3M | Reduce -1.4% |
| KKR KKR & Co. Inc. | 0.94% | 1,075,282 | $137.1M | Reduce -0.8% |
| SONY Sony Group Corp. - SP ADR | 0.94% | 5,319,090 | $136.2M | Reduce -6.1% |
| GOOG Alphabet Inc. Class C | 0.91% | 421,891 | $132.4M | Reduce -0.3% |
| RSG Republic Services Inc. | 0.83% | 567,169 | $120.2M | Reduce -0.8% |
| DE Deere & Co. | 0.81% | 253,014 | $117.8M | Reduce -1.5% |
| AAPL Apple Inc. | 0.79% | 424,002 | $115.3M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 0.78% | 171,409 | $113.1M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.77% | 104,334 | $112.1M | Add +0.1% |
| LEN.B Lennar Corp. Class B | 0.75% | 1,140,700 | $108.5M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.75% | 346,387 | $108.4M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 0.73% | 330,883 | $106.6M | Reduce -3.2% |
| MSGS Madison Square Garden Sports | 0.70% | 394,292 | $102.0M | Add +0.9% |
| GE General Electric filed as GE AEROSPACE | 0.70% | 328,517 | $101.2M | Add +0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.68% | 132 | $99.6M | Reduce -2.9% |
| AVGO Broadcom Inc. | 0.66% | 278,681 | $96.5M | Reduce -2.1% |
| ORLY O'reilly Automotive Inc. | 0.66% | 1,046,000 | $95.4M | Reduce -4.1% |
| GPC Genuine Parts Co. | 0.60% | 708,500 | $87.1M | Add +2.8% |
| XOM Exxon Mobil Corp. | 0.60% | 721,690 | $86.8M | Reduce -0.1% |
| TXT Textron Inc. | 0.59% | 990,040 | $86.3M | Add +1.3% |
| KGC Kinross Gold Corp. | 0.57% | 2,953,700 | $83.2M | Reduce -22.2% |
| SWX Southwest Gas Holdings Inc. | 0.56% | 1,014,287 | $81.2M | Add +0.4% |
| WBD Warner Bros Discovery Inc. | 0.55% | 2,781,125 | $80.2M | Add +5.6% |
| FLS Flowserve Corp. | 0.54% | 1,126,437 | $78.2M | Reduce -6.3% |
| EVRG Evergy Inc. | 0.53% | 1,058,482 | $76.7M | Reduce -0.9% |
| CVX Chevron Corp. | 0.51% | 491,447 | $74.9M | Add +3.8% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.51% | 495,270 | $73.5M | Add +0.6% |
| NFLX Netflix Inc. | 0.50% | 773,899 | $72.6M | Add +3.7% |
| ITT Itt Inc. | 0.48% | 403,040 | $69.9M | Add +3.9% |
| AEP American Electric Power | 0.48% | 601,750 | $69.4M | Reduce -1.3% |
| FCX Freeport-McMoran Inc. | 0.46% | 1,330,050 | $67.6M | Reduce -0.2% |
| V Visa Inc. Class A | 0.46% | 191,350 | $67.1M | Reduce -0.5% |
| CNH CNH Industrial NV | 0.45% | 7,064,650 | $65.1M | Add +1.4% |
| HON Honeywell International Inc. | 0.44% | 331,376 | $64.6M | Reduce -2.4% |
| COST Costco Wholesale Corp. | 0.43% | 72,647 | $62.6M | Reduce -0.2% |
| TXN Texas Instruments Inc. | 0.43% | 360,914 | $62.6M | Reduce -0.7% |
| TDS Telephone and Data Systems | 0.43% | 1,526,500 | $62.6M | Reduce -2.5% |
| WEC WEC Energy Group Inc. | 0.43% | 589,870 | $62.2M | Reduce -1.0% |
| OKE Oneok Inc. | 0.42% | 839,500 | $61.7M | Reduce -0.1% |
| XYL Xylem Inc. | 0.42% | 452,440 | $61.6M | Reduce -0.9% |
| SPGI S&P Global Inc. | 0.40% | 111,004 | $58.0M | Reduce -2.8% |
| DCI Donaldson Co. Inc. | 0.39% | 642,650 | $57.0M | Reduce -2.1% |
| CAT Caterpillar Inc. | 0.39% | 98,140 | $56.2M | Reduce -3.0% |
| CW Curtiss-Wright Corp. | 0.38% | 100,912 | $55.6M | Add +0.1% |
| BATRK Atlanta Braves Holdings in-C | 0.38% | 1,396,151 | $55.1M | Reduce -0.1% |
| STT State Street Corp. | 0.37% | 421,233 | $54.3M | Reduce -3.9% |
| GEV GE Vernova Inc. | 0.37% | 81,796 | $53.5M | Add +0.2% |
| B Barrick Mining Corp. | 0.36% | 1,208,565 | $52.6M | Reduce -3.9% |
| ES Eversource Energy | 0.36% | 771,000 | $51.9M | Reduce -0.7% |
| TXNM TXNM Energy Inc. | 0.35% | 875,164 | $51.5M | Add +2.3% |
| SPHR Sphere Entertainment Co. | 0.35% | 539,739 | $51.3M | Reduce -1.5% |
| AES AES Corp. | 0.35% | 3,574,700 | $51.3M | Reduce -1.6% |
| WFC Wells Fargo & Co. | 0.35% | 549,396 | $51.2M | Reduce -13.4% |
| RCI Rogers Communications Inc. Class B | 0.35% | 1,353,300 | $51.1M | Add +3.3% |
| GGG Graco Inc. | 0.34% | 608,300 | $49.9M | Reduce -0.3% |
| RGLD Royal Gold Inc. | 0.34% | 224,140 | $49.8M | Add +7.8% |
| DEO Diageo PLC-Sponsored ADR | 0.34% | 570,050 | $49.2M | Add +1.7% |
| AN Autonation Inc. | 0.33% | 233,650 | $48.2M | Reduce -1.8% |
| AEE Ameren Corporation | 0.33% | 482,750 | $48.2M | Reduce -0.1% |
| OGE Oge Energy Corp. | 0.32% | 1,101,900 | $47.1M | Reduce -0.1% |
| PM Philip Morris International | 0.32% | 292,750 | $47.0M | Add +0.8% |
| DAN Dana Inc. | 0.32% | 1,959,900 | $46.6M | Reduce -7.7% |
| COP Conocophillips | 0.32% | 493,630 | $46.2M | Reduce -1.4% |
| ROL Rollins Inc. | 0.30% | 728,000 | $43.7M | Reduce -22.6% |
| GS Goldman Sachs Group Inc. | 0.30% | 49,670 | $43.7M | Reduce -7.6% |
| TSLA Tesla Inc. | 0.30% | 96,740 | $43.5M | Add +111.3% |
| JCI Johnson Controls Internation | 0.30% | 362,909 | $43.5M | Reduce -1.0% |
| WTS Watts Water Technologies-A | 0.30% | 156,800 | $43.3M | Reduce -4.3% |
| RHP Ryman Hospitality Properties | 0.29% | 442,300 | $41.9M | Add +2.0% |
| PNC PNC Financial Services Group | 0.28% | 198,650 | $41.5M | Reduce -3.2% |
| AU Anglogold Ashanti PLC | 0.28% | 473,773 | $40.4M | Reduce -23.8% |
| EGO Eldorado Gold Corp. | 0.28% | 1,113,600 | $40.0M | Reduce -17.1% |
| WM Waste Management Inc. | 0.27% | 179,293 | $39.4M | Reduce -0.3% |
| XEL Xcel Energy Inc. | 0.27% | 531,716 | $39.3M | Reduce -0.8% |
| BA The Boeing Co. | 0.27% | 180,868 | $39.3M | Add +37.2% |
| MOD Modine Manufacturing Co. | 0.27% | 292,700 | $39.1M | Reduce -11.7% |
| BATRA Atlanta Braves Holdings in-A | 0.26% | 905,400 | $38.5M | Add +4.8% |
| ENB Enbridge Inc. | 0.26% | 798,850 | $38.2M | Add +0.0% |
| PCAR Paccar Inc. | 0.26% | 347,800 | $38.1M | No change |
| WPM Wheaton Precious Metals Corp. | 0.26% | 323,000 | $38.0M | Reduce -48.6% |
| OTTR Otter Tail Corp. | 0.26% | 469,100 | $37.9M | No change |
| IAG Iamgold Corp. | 0.26% | 2,290,700 | $37.8M | Add +10.3% |
| ISRG Intuitive Surgical Inc. | 0.26% | 66,394 | $37.6M | Reduce -5.8% |
| MPC Marathon Petroleum Corp. | 0.26% | 230,900 | $37.6M | Add +15.6% |
| MS Morgan Stanley | 0.26% | 209,315 | $37.2M | Reduce -2.6% |
| BKH Black Hills Corp. | 0.25% | 533,331 | $37.0M | Reduce -0.9% |
| GRC Gorman-Rupp Co. | 0.25% | 773,500 | $36.9M | Reduce -0.1% |
| FOX Fox Corp. Class B | 0.25% | 566,600 | $36.8M | Add +5.2% |
Other holdings (86): bonds, preferreds, convertibles and warrants · $223.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 150,500 | $10.0M | Add +4.5% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 8,700,000 | $9.9M | Add +8.8% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 156,000 | $9.1M | Add +35.6% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 68,140 | $8.6M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 7,600,000 | $8.3M | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 5,300,000 | $8.3M | No change |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 8,000,000 | $7.8M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 8,075,000 | $7.8M | No change |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 6,100,000 | $7.4M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 5,480,000 | $7.1M | No change |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 5,925,000 | $6.9M | No change |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 6,350,000 | $6.9M | Add +111.7% |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 5,050,000 | $6.4M | No change |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 2,350,000 | $6.3M | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 128,000 | $6.2M | Add +45.5% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 77,298 | $6.2M | Add +11.5% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 4,150,000 | $6.2M | No change |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 5,300,000 | $6.0M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 3,890,000 | $5.8M | Add +41.5% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 7,050,000 | $5.7M | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 5,625,000 | $5.7M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 5,100,000 | $5.5M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 5,150,000 | $5.3M | Reduce -40.8% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 4,800,000 | $5.1M | New |
| PAGAYA TECHNOLOGIES LTD (PGY 6.125 10/01/29) | NOTE 6.125%10/0 · principal | 2,550,000 | $4.7M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 66,065 | $4.6M | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 88,500 | $4.3M | No change |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 3,000,000 | $4.2M | Reduce -25.0% |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 79,300 | $4.0M | New |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | 3,600,000 | $3.9M | New |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 3,600,000 | $3.6M | Add +260.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 3,625,000 | $3.6M | No change |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 2,400,000 | $3.4M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 3,000,000 | $3.1M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,700,000 | $2.2M | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 3,150,000 | $2.1M | No change |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 400,000 | $1.9M | Reduce -84.6% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 31,000 | $1.8M | Reduce -17.3% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 1,250,000 | $1.7M | Reduce -41.9% |
| COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) | NOTE 1.625%11/1 · principal | 950,000 | $1.1M | New |
| CELCUITY INC (CELC 2.75 08/01/31) | NOTE 2.750% 8/0 · principal | 456,000 | $989K | No change |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 500,000 | $816K | No change |
| AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *) | NOTE 4.250% 2/1 · principal | 600,000 | $614K | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 69,435 | $314K | Add +12.4% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 10,004 | $193K | No change |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 200,000 | $189K | Reduce -93.8% |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 13,670 | $117K | No change |
| VWAVW Visionwave Holdings Inc. | *W EXP 07/14/203 | 73,700 | $86K | No change |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | 32,871 | $78K | Reduce -0.1% |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 427,900 | $75K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 92,331 | $73K | No change |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 278,880 | $70K | No change |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 227,150 | $57K | No change |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 125,500 | $50K | No change |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | 268,050 | $41K | Add +98.6% |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 107,200 | $41K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 199,300 | $40K | No change |
| NMPAR NMP Acquisition Corp. | RIGHT 06/27/2030 | 179,400 | $36K | New |
| COLAR Columbus Acquisition Corp. | RIGHT 99/99/9999 | 105,300 | $35K | No change |
| TBMCR Trailblazer Merger Corp.-RTS | RIGHT 04/21/2028 | 139,050 | $34K | No change |
| RIBBR Ribbon Acquisition Corp. | RIGHT 12/31/2026 | 151,755 | $33K | No change |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 91,582 | $32K | No change |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 146,800 | $29K | No change |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 76,866 | $28K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 18,100 | $28K | No change |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 72,300 | $27K | No change |
| LCCCR Lakeshore Acquisition III Co. | RIGHT 08/01/2026 | 86,100 | $22K | No change |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 21,250 | $19K | No change |
| CCIIW Cohen Circle Acq II -30 | *W EXP 07/01/203 | 20,260 | $14K | No change |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 71,800 | $14K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 28,300 | $14K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 14,797 | $13K | No change |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 84,000 | $12K | New |
| UYSCR Uy Scuti Acquisition Corp. | RIGHT 03/03/2030 | 42,200 | $11K | No change |
| NUAIW New Era Helium Inc. -29 | *W EXP 12/06/202 | 12,824 | $11K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 25,050 | $8K | No change |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 27,954 | $6K | No change |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 22,300 | $6K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 12,350 | $4K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 81,946 | $4K | No change |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 12,950 | $3K | No change |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 44,629 | $2K | No change |
| OSRHW Bellevue Life Sciences-WRNT | *W EXP 02/09/202 | 27,050 | $1K | No change |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 30,496 | $793 | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 27,347 | $777 | No change |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 12,289 | $172 | No change |
Total filed on the 13F, all lines: $14.8B.
Portfolio Sells Q3 2025 → Q4 2025
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.27 |
| K Kellanova | Sold out | 0.00% | −0.23 |
| WPM Wheaton Precious Metals Corp. | Reduce -48.6% | 0.26% | −0.22 |
| NFG National Fuel Gas Co. | Reduce -0.2% | 1.30% | −0.20 |
| LEN.B Lennar Corp. Class B | Reduce -0.2% | 0.75% | −0.20 |
| FNV Franco-Nevada Corp. | Reduce -44.1% | 0.21% | −0.19 |
| SONY Sony Group Corp. - SP ADR | Reduce -6.1% | 0.94% | −0.19 |
| ORLY O'reilly Automotive Inc. | Reduce -4.1% | 0.66% | −0.15 |
| ALE Allete Inc. | Sold out | 0.00% | −0.15 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.12 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.11 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.11 |
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −0.10 |
| ORCL Oracle Corp. | Reduce -8.7% | 0.16% | −0.10 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.08 |
| ROL Rollins Inc. | Reduce -22.6% | 0.30% | −0.08 |
| SRDX Surmodics Inc. | Sold out | 0.00% | −0.08 |
| KGC Kinross Gold Corp. | Reduce -22.2% | 0.57% | −0.08 |
| RSG Republic Services Inc. | Reduce -0.8% | 0.83% | −0.08 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.07 |
| MAC COPPER LTD | Sold out | 0.00% | −0.07 |
| SYK Stryker Corp. | Reduce -22.2% | 0.20% | −0.07 |
| WOW Wideopenwest Inc. | Sold out | 0.00% | −0.07 |
| MRUS Merus NV | Sold out | 0.00% | −0.07 |
| ZIMV Zimvie Inc. | Sold out | 0.00% | −0.07 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.07 |
| FTAI Ftai Aviation Ltd. | Reduce -55.3% | 0.07% | −0.06 |
| CPB The Campbell's Company | Reduce -30.8% | 0.09% | −0.06 |
| MOD Modine Manufacturing Co. | Reduce -11.7% | 0.27% | −0.06 |
| BRBR Bellring Brands Inc. | Reduce -11.1% | 0.10% | −0.05 |
| PBPB Potbelly Corp. | Sold out | 0.00% | −0.05 |
| LBRDK Liberty Broadband-C | Reduce -7.5% | 0.12% | −0.05 |
| GATX Gatx Corp. | Reduce -1.4% | 1.07% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.2% | 0.25% | −0.05 |
| HON Honeywell International Inc. | Reduce -2.4% | 0.44% | −0.05 |
| THC Tenet Healthcare Corp. | Reduce -33.4% | 0.09% | −0.05 |
| CYBR Cyberark Software Ltd./Israel | Reduce -28.1% | 0.09% | −0.05 |
| BAX Baxter International Inc. | Reduce -29.0% | 0.07% | −0.04 |
| ETNB 89BIO Inc. | Sold out | 0.00% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -0.3% | 0.24% | −0.04 |
| WEC WEC Energy Group Inc. | Reduce -1.0% | 0.43% | −0.04 |
| SPNS Sapiens International Corp. | Sold out | 0.00% | −0.04 |
| REZI Resideo Technologies Inc. | Reduce -9.9% | 0.11% | −0.04 |
| XYL Xylem Inc. | Reduce -0.9% | 0.42% | −0.04 |
| TRML Tourmaline Bio Inc. | Sold out | 0.00% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -84.6% | 0.01% | −0.04 |
| HCA HCA Healthcare Inc. | Reduce -46.0% | 0.06% | −0.04 |
| TIXT Telus International Cda Inc. | Sold out | 0.00% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -0.2% | 0.43% | −0.03 |
| ABBV Abbvie Inc. | Reduce -19.6% | 0.13% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| CDTX Cidara Therapeutics Inc. | New | 0.23% | +0.23 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.77% | +0.22 |
| CFLT Confluent Inc. Class A | New | 0.21% | +0.21 |
| WBD Warner Bros Discovery Inc. | Add +5.6% | 0.55% | +0.20 |
| EXAS Exact Sciences Corp. | Add +2521.9% | 0.19% | +0.19 |
| EA Electronic Arts Inc. | Add +637.6% | 0.20% | +0.17 |
| RNAM Avidity Biosciences Inc. | New | 0.16% | +0.16 |
| DAY Dayforce Inc. | Add +295.6% | 0.21% | +0.16 |
| TSLA Tesla Inc. | Add +111.3% | 0.30% | +0.16 |
| HOLX Hologic Inc. | New | 0.15% | +0.15 |
| SEE Sealed Air Corp. | Add +248.5% | 0.19% | +0.14 |
| HRI Herc Holdings Inc. | Add +0.6% | 0.51% | +0.11 |
| ORLA Orla Mining Ltd. | Add +67.2% | 0.17% | +0.09 |
| MSGS Madison Square Garden Sports | Add +0.9% | 0.70% | +0.09 |
| HI Hillenbrand Inc. | New | 0.08% | +0.08 |
| ECHO Echostar Corp. Class A | Add +6.0% | 0.23% | +0.08 |
| IAG Iamgold Corp. | Add +10.3% | 0.26% | +0.07 |
| BA The Boeing Co. | Add +37.2% | 0.27% | +0.07 |
| APH Amphenol Corp. Class A | Add +87.0% | 0.14% | +0.07 |
| JHG Janus Henderson Group PLC | Add +173.6% | 0.10% | +0.06 |
| GTLS Chart Industries Inc. | Add +33.0% | 0.24% | +0.06 |
| CNS Cohen & Steers Inc. | New | 0.06% | +0.06 |
| NGD New Gold Inc. | New | 0.06% | +0.06 |
| RGLD Royal Gold Inc. | Add +7.8% | 0.34% | +0.06 |
| CWAN Clearwater Analytics HDS-A | New | 0.05% | +0.05 |
| FOLD Amicus Therapeutics Inc. | New | 0.05% | +0.05 |
| KVUE Kenvue Inc. | New | 0.05% | +0.05 |
| AMZN Amazon.com Inc. | Add +0.1% | 1.01% | +0.05 |
| BHP BHP Group Ltd.-Spon ADR | Add +18.3% | 0.22% | +0.05 |
| DHIL Diamond Hill Investment Grp | Add +199.0% | 0.06% | +0.04 |
| AVDL Avadel Pharmaceuticals Ltd. | New | 0.04% | +0.04 |
| CSGS CSG Systems Intl Inc. | New | 0.04% | +0.04 |
| FOX Fox Corp. Class B | Add +5.2% | 0.25% | +0.04 |
| RCI Rogers Communications Inc. Class B | Add +3.3% | 0.35% | +0.04 |
| HWM Howmet Aerospace Inc. | Add +19.7% | 0.19% | +0.04 |
| ATXS Astria Therapeutics Inc. | New | 0.04% | +0.04 |
| DVAX Dynavax Technologies Corp. | New | 0.04% | +0.04 |
| DBRG Digitalbridge Group Inc. | Add +249.0% | 0.05% | +0.04 |
| NSC Norfolk Southern Corp. | Add +54.4% | 0.10% | +0.03 |
| MSGE Madison Square Garden Entert | Add +2.5% | 0.18% | +0.03 |
| GDEN Golden Entertainment Inc. | Add +77.2% | 0.06% | +0.03 |
| CIO City Office REIT Inc. | Add +165.5% | 0.05% | +0.03 |
| AP Ampco-Pittsburgh Corp. | Add +1.7% | 0.05% | +0.03 |
| DENN Denny's Corp. | Add +296.3% | 0.04% | +0.03 |
| CVNA Carvana Co. | New | 0.03% | +0.03 |
| JAMF Jamf Holding Corp. | New | 0.03% | +0.03 |
| FRGE Forge Global Holdings Inc. | New | 0.03% | +0.03 |
| HAL Halliburton Co. | Add +0.4% | 0.21% | +0.03 |
| STRT Strattec Security Corp. | Add +26.6% | 0.09% | +0.03 |
| TXT Textron Inc. | Add +1.3% | 0.59% | +0.02 |
Notes & Other Activity Q3 2025 → Q4 2025
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +4.5% | 150,500 | $10.0M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Add +8.8% | 8,700,000 | $9.9M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +35.6% | 156,000 | $9.1M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Sold out | 7,100,000 | $7.9Mbefore exit |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | New | 6,100,000 | $7.4M |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | Add +111.7% | 6,350,000 | $6.9M |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | New | 2,350,000 | $6.3M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +45.5% | 128,000 | $6.2M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Add +11.5% | 77,298 | $6.2M |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | New | 5,300,000 | $6.0M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Sold out | 119,000 | $5.9Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Sold out | 2,450,000 | $5.9Mbefore exit |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Add +41.5% | 3,890,000 | $5.8M |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | Sold out | 7,444,000 | $5.6Mbefore exit |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | Sold out | 5,300,000 | $5.4Mbefore exit |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Reduce -40.8% | 5,150,000 | $5.3M |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 4,800,000 | $5.1M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Sold out | 5,672,000 | $4.9Mbefore exit |
| PAGAYA TECHNOLOGIES LTD (PGY 6.125 10/01/29) | NOTE 6.125%10/0 · principal | New | 2,550,000 | $4.7M |
| CARDLYTICS INC (CDLX 4.25 04/01/29) | NOTE 4.250% 4/0 · principal | Sold out | 8,525,000 | $4.6Mbefore exit |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 63,206 | $4.5Mbefore exit |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | Reduce -25.0% | 3,000,000 | $4.2M |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | New | 79,300 | $4.0M |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | New | 3,600,000 | $3.9M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | Sold out | 2,400,000 | $3.8Mbefore exit |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | Add +260.0% | 3,600,000 | $3.6M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | New | 2,400,000 | $3.4M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 2,000,000 | $3.3Mbefore exit |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | Sold out | 2,500,000 | $3.3Mbefore exit |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | Sold out | 2,750,000 | $2.8Mbefore exit |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | Sold out | 2,450,000 | $2.5Mbefore exit |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Sold out | 46,000 | $2.4Mbefore exit |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Reduce -84.6% | 400,000 | $1.9M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -17.3% | 31,000 | $1.8M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Reduce -41.9% | 1,250,000 | $1.7M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Sold out | 1,000,000 | $1.3Mbefore exit |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | Sold out | 1,250,000 | $1.3Mbefore exit |
| COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) | NOTE 1.625%11/1 · principal | New | 950,000 | $1.1M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Sold out | 1,000,000 | $1.0Mbefore exit |
| GSRTR GSR III Acquisition Corp. | RIGHT 99/99/9999 | Sold out | 53,933 | $458Kbefore exit |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | Add +12.4% | 69,435 | $314K |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Reduce -93.8% | 200,000 | $189K |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | Sold out | 78,275 | $102Kbefore exit |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | Sold out | 27,450 | $97Kbefore exit |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | Sold out | 174,300 | $91Kbefore exit |
| GSRFR GSR IV Acquisition Corp.-RTS | RIGHT 08/22/2030 | Reduce -0.1% | 32,871 | $78K |
| EMISR Emmis Acquisition Corp. | RIGHT 09/12/2030 | Add +98.6% | 268,050 | $41K |
| NMPAR NMP Acquisition Corp. | RIGHT 06/27/2030 | New | 179,400 | $36K |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | New | 84,000 | $12K |
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 | 1,192 | $15.4B | NVDA, AME, NEM, MSFT, NFG |
| Q1 2026 | 1,179 | $14.6B | NEM, NVDA, NFG, AME, MSFT |
| Q4 2025 | 1,160 | $14.5B | MSFT, NVDA, NEM, MA, AME |
| Q3 2025 | 1,150 | $14.5B | MSFT, NVDA, NEM, NFG, MA |
| Q2 2025 | 1,144 | $13.8B | MSFT, NVDA, MA, NFG, AME |
| Q1 2025 | 1,020 | $12.9B | MA, MSFT, NFG, AME, SONY |
| Q4 2024 | 1,019 | $13.1B | MSFT, MA, NVDA, AME, AXP |
| Q3 2024 | 1,016 | $13.7B | MSFT, LEN.B, MA, NEE, AXP |
| Q2 2024 | 1,007 | $13.0B | MSFT, NVDA, MA, LEN.B, AME |
| Q1 2024 | 1,008 | $13.4B | MSFT, MA, LEN.B, AME, AXP |