Generali Asset Management SPA SGR

Name: Generali Asset Management SPA SGR 13F holdings, Q1 2025
Creator: Generali Asset Management SPA SGR
Published: 2025-05-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Generali Asset Management SPA SGR reported 494 stock positions worth $4.1 billion. Its top holding was Nvidia (NVDA) at 5.9% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Apple (AAPL, 3.8%). Compared with Q4 2024, it opened 36 new positions, sold out of 22, added to 267 and reduced 156. The biggest buy was Ares Capital (ARCC, shares +53%) and the biggest sale Apple (AAPL, shares −5%).

Most Recent 13F: Q2 2026
Location: TRIESTE, L6
CIK: 0002046751
Portfolio Value: $4.1B (Q1 2025)
SEC Filing: 0001123292-25-000239 ↗ filed May 15, 2025

Holdings Value

Holdings 494 stocks · $4.1B


NVDA Nvidia Corp.	5.90%	2,207,597	$239.3M	Add +3.3%
MSFT Microsoft Corp.	5.87%	634,195	$238.1M	Add +0.5%
AAPL Apple Inc.	3.77%	687,788	$152.8M	Reduce -4.9%
ARCC Ares Capital Corp.	3.23%	5,919,811	$131.2M	Add +53.5%
GOOGL Alphabet Inc. Class A	2.15%	564,103	$87.2M	Add +5.1%
AEM Agnico Eagle Mines Ltd.	1.86%	625,154	$75.3M	Add +16.6%
AMZN Amazon.com Inc.	1.74%	371,874	$70.8M	Reduce -0.5%
GOOG Alphabet Inc. Class C	1.66%	429,983	$67.2M	Add +3.3%
BXSL Blackstone Secured Lending F	1.57%	1,972,404	$63.8M	Add +78.8%
OBDC Blue Owl Capital Corp.	1.55%	4,286,929	$62.8M	Add +90.1%
TSLA Tesla Inc.	1.46%	228,049	$59.1M	Add +8.5%
LLY Eli Lilly & Co.	1.44%	70,669	$58.4M	Reduce -0.6%
JPM JPMorgan Chase & Co.	1.33%	220,146	$54.0M	Add +3.1%
WPM Wheaton Precious Metals Corp.	1.32%	640,575	$53.7M	Add +34.2%
NEM Newmont Corp.	1.25%	1,047,393	$50.6M	Add +19.1%
META Meta Platforms Inc. Class A	1.24%	87,609	$50.5M	Add +6.5%
V Visa Inc. Class A	1.22%	140,688	$49.3M	Reduce -2.7%
AVGO Broadcom Inc.	1.12%	271,709	$45.5M	Add +18.2%
STLA Stellantis NV	1.12%	4,431,237	$45.5M	Add +3.6%
FSK FS KKR Capital Corp.	1.05%	2,042,891	$42.8M	Add +152.0%
UBS UBS Group AG-Reg	1.03%	1,560,346	$41.9M	Add +127.4%
MA Mastercard Inc. Class A	1.02%	75,287	$41.3M	Reduce -30.1%
HD Home Depot Inc.	0.99%	109,853	$40.3M	Reduce -9.7%
LIN Linde PLC	0.80%	69,722	$32.5M	Add +63.3%
PG The Procter & Gamble Co.	0.78%	186,255	$31.7M	Reduce -9.3%
BRK.B Berkshire Hathaway Inc. Class B	0.70%	53,411	$28.4M	Add +7.7%
GBDC Golub Capital BDC Inc.	0.67%	1,800,000	$27.3M	New
GSBD Goldman Sachs BDC Inc.	0.62%	2,162,619	$25.2M	Add +103.2%
CRM Salesforce Inc.	0.61%	92,619	$24.9M	Add +1.9%
VZ Verizon Communications Inc.	0.55%	488,479	$22.2M	Add +3.3%
KO The Coca-Cola Co.	0.54%	307,372	$22.0M	Add +20.4%
XOM Exxon Mobil Corp.	0.53%	181,634	$21.6M	Reduce -1.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.50%	81,753	$20.3M	Add +3.5%
NFLX Netflix Inc.	0.50%	21,755	$20.3M	Add +8.3%
MRK Merck & Co. Inc.	0.49%	223,474	$20.1M	Reduce -15.8%
ACN Accenture PLC Class A	0.48%	62,303	$19.4M	Reduce -4.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.47%	459,692	$19.2M	Reduce -3.9%
MSTR Strategy Inc. filed as MICROSTRATEGY INC	0.46%	65,127	$18.8M	Add +72.0%
GS Goldman Sachs Group Inc.	0.46%	34,358	$18.8M	Add +30.3%
COST Costco Wholesale Corp.	0.44%	18,851	$17.8M	Add +11.6%
AXP American Express Co.	0.43%	65,588	$17.6M	Add +11.8%
ABBV Abbvie Inc.	0.43%	84,049	$17.6M	Reduce -22.6%
MSDL Morgan Stanley Direct Lendin	0.43%	881,578	$17.6M	New
C Citigroup Inc.	0.43%	245,243	$17.4M	Add +101.6%
ADBE Adobe Inc.	0.42%	44,506	$17.1M	Reduce -3.0%
SPGI S&P Global Inc.	0.42%	33,305	$16.9M	Reduce -11.8%
OCSL Oaktree Specialty Lending Co.	0.41%	1,084,144	$16.7M	Add +101.4%
PGR Progressive Corp.	0.41%	58,391	$16.5M	Reduce -15.9%
MS Morgan Stanley	0.41%	141,335	$16.5M	Reduce -10.0%
RACE Ferrari NV	0.40%	41,800	$16.4M	Add +9.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.40%	165,503	$16.3M	Reduce -16.8%
SPOT Spotify Technology SA	0.40%	30,142	$16.2M	Add +1963.1%
TD Toronto-Dominion Bank	0.39%	183,620	$15.8M	Add +45.5%
PEP Pepsico Inc.	0.38%	102,275	$15.3M	Add +7.1%
BMY Bristol-Myers Squibb Co.	0.37%	245,430	$15.0M	Reduce -13.6%
CMCSA Comcast Corp. Class A	0.37%	405,131	$14.9M	Add +18.2%
WMT Walmart Inc.	0.37%	169,767	$14.9M	Reduce -30.1%
CAT Caterpillar Inc.	0.36%	44,834	$14.8M	Reduce -16.8%
BKNG Booking Holdings Inc.	0.36%	3,179	$14.6M	Reduce -19.8%
FISV Fiserv Inc.	0.35%	64,329	$14.2M	Add +40.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.35%	116,575	$14.2M	Add +54.3%
INTU Intuit Inc.	0.35%	22,939	$14.1M	Reduce -25.9%
NOW ServiceNow Inc.	0.33%	17,008	$13.5M	Reduce -10.1%
BLK BlackRock Inc.	0.33%	14,051	$13.3M	Reduce -27.9%
MRSH Marsh & McLennan Cos	0.33%	54,465	$13.3M	Reduce -17.1%
UNP Union Pacific Corp.	0.33%	56,158	$13.3M	Add +50.5%
CRH CRH PLC	0.32%	154,944	$13.0M	Reduce -25.6%
BMO Bank of Montreal filed as BANK MONTREAL QUE	0.31%	92,962	$12.8M	Add +29.9%
ADP Automatic Data Processing	0.31%	41,739	$12.8M	Reduce -19.0%
SHOP Shopify Inc. Class A	0.31%	92,790	$12.7M	Add +48.3%
T AT&T Inc.	0.31%	441,598	$12.5M	Reduce -22.4%
CVX Chevron Corp.	0.31%	74,179	$12.4M	Reduce -8.7%
CSCO Cisco Systems Inc.	0.30%	198,384	$12.2M	Add +48.2%
TXN Texas Instruments Inc.	0.30%	66,955	$12.0M	Add +11.5%
QCOM Qualcomm Inc.	0.30%	78,148	$12.0M	Reduce -2.4%
AMGN Amgen Inc.	0.30%	38,460	$12.0M	Reduce -36.8%
LOW Lowe's Cos Inc.	0.29%	50,879	$11.9M	Add +40.9%
LRCX Lam Research Corp.	0.29%	162,504	$11.8M	Reduce -0.6%
TSM Taiwan Semiconductor-SP ADR	0.28%	69,388	$11.5M	New
AMAT Applied Materials Inc.	0.28%	78,089	$11.3M	Reduce -17.3%
DHR Danaher Corp.	0.28%	54,760	$11.2M	Add +15.6%
ELV Elevance Health Inc.	0.27%	25,267	$11.0M	Reduce -15.9%
TT Trane Technologies PLC	0.27%	32,480	$10.9M	Reduce -6.6%
COIN Coinbase Global Inc. Class A	0.27%	63,403	$10.9M	Add +112.1%
ALC Alcon Inc. filed as ALCON AG	0.26%	128,894	$10.7M	Add +83.3%
ABT Abbott Laboratories	0.26%	80,281	$10.6M	Reduce -28.3%
AMT American Tower Corp.	0.26%	48,717	$10.6M	Reduce -5.8%
ISRG Intuitive Surgical Inc.	0.26%	21,160	$10.5M	Reduce -14.7%
UBER Uber Technologies Inc.	0.26%	142,461	$10.4M	Add +6.0%
PLD Prologis Inc.	0.25%	92,277	$10.3M	Add +40.3%
RY Royal Bank of Canada	0.24%	61,168	$9.9M	Add +130.5%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX	0.24%	145,207	$9.9M	Reduce -27.9%
CI The Cigna Group	0.24%	29,873	$9.8M	Add +14.6%
SCHW Schwab (charles) Corp.	0.24%	123,755	$9.7M	Add +71.2%
WMB Williams Cos Inc.	0.24%	159,943	$9.6M	Add +47.3%
BSX Boston Scientific Corp.	0.24%	94,578	$9.5M	Reduce -21.4%
TMO Thermo Fisher Scientific Inc.	0.23%	19,068	$9.5M	Add +21.6%
ETN Eaton Corp. PLC	0.23%	34,565	$9.4M	Add +34.8%
TMUS T-Mobile US Inc.	0.23%	34,988	$9.3M	Add +123.7%
MELI MercadoLibre Inc.	0.22%	4,624	$9.0M	Add +66.9%
MCO Moody's Corp.	0.22%	19,287	$9.0M	Add +1.2%
VRTX Vertex Pharmaceuticals Inc.	0.22%	18,332	$8.9M	Reduce -19.8%
ADSK Autodesk Inc.	0.22%	33,717	$8.8M	Reduce -4.7%
SHW The Sherwin-Williams Co.	0.21%	24,240	$8.5M	Add +4.3%
KLAC KLA Corp.	0.21%	12,380	$8.4M	Add +211.8%
GE General Electric filed as GE AEROSPACE	0.20%	41,554	$8.3M	Reduce -2.2%
EQIX Equinix Inc.	0.20%	10,167	$8.3M	Add +57.9%
VLO Valero Energy Corp.	0.20%	62,677	$8.3M	Add +87.5%
ZTS Zoetis Inc.	0.20%	50,254	$8.3M	Reduce -21.7%
PM Philip Morris International	0.20%	51,341	$8.1M	Add +3.4%
KMI Kinder Morgan Inc.	0.20%	283,591	$8.1M	Reduce -26.8%
OKE Oneok Inc.	0.20%	80,546	$8.0M	Reduce -20.5%
PNC PNC Financial Services Group	0.20%	45,456	$8.0M	Add +44.3%
EMR Emerson Electric Co.	0.19%	71,518	$7.8M	Add +49.2%
NEE Nextera Energy Inc.	0.19%	109,434	$7.8M	Reduce -20.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.19%	181,281	$7.6M	Reduce -15.5%
PLTR Palantir Technologies Inc. Class A	0.19%	89,208	$7.5M	New
CB Chubb Ltd.	0.18%	24,839	$7.5M	Add +62.0%
LNG Cheniere Energy Inc.	0.18%	31,512	$7.3M	Add +75.7%
ORCL Oracle Corp.	0.18%	52,054	$7.3M	Reduce -31.1%
SNPS Synopsys Inc.	0.18%	16,878	$7.2M	Add +57.9%
PH Parker Hannifin Corp.	0.17%	11,668	$7.1M	Add +93.4%
REGN Regeneron Pharmaceuticals	0.17%	11,034	$7.0M	Reduce -2.9%
HWM Howmet Aerospace Inc.	0.17%	53,359	$6.9M	Add +52.1%
NKE Nike Inc. Class B	0.17%	108,797	$6.9M	Add +40.5%
CTAS Cintas Corp.	0.17%	33,328	$6.8M	Reduce -25.7%
PAYX Paychex Inc.	0.17%	44,377	$6.8M	Reduce -28.9%
AMD Advanced Micro Devices	0.17%	66,474	$6.8M	Add +16.2%
BKR Baker Hughes Co.	0.17%	155,145	$6.8M	Reduce -18.7%
MDT Medtronic PLC	0.17%	75,317	$6.8M	Add +93.5%
USB US Bancorp	0.17%	160,126	$6.8M	Add +49.6%
ECL Ecolab Inc.	0.17%	26,433	$6.7M	Reduce -29.6%
CVS CVS Health Corp.	0.16%	98,156	$6.7M	Add +130.2%
HLT Hilton Worldwide Holdings Inc.	0.16%	29,134	$6.6M	Add +8.0%
A Agilent Technologies Inc.	0.16%	55,790	$6.5M	Reduce -18.7%
ANET Arista Networks Inc.	0.16%	84,203	$6.5M	Add +1.6%
PFE Pfizer Inc.	0.16%	255,954	$6.5M	Reduce -41.1%
EBAY eBay Inc.	0.16%	95,350	$6.5M	Reduce -18.7%
APP AppLovin Corp. Class A	0.16%	24,299	$6.4M	New
SYK Stryker Corp.	0.16%	17,294	$6.4M	Add +84.0%
MMM 3M Co.	0.16%	43,553	$6.4M	Add +10.1%
INTC Intel Corp.	0.15%	276,906	$6.3M	Add +8.9%
TGT Target Corp.	0.15%	60,111	$6.3M	Reduce -17.9%
MCK McKesson Corp.	0.15%	9,265	$6.2M	Reduce -27.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.15%	73,907	$6.2M	Reduce -24.7%
DE Deere & Co.	0.15%	13,192	$6.2M	Add +75.9%
CL Colgate-Palmolive Co.	0.15%	65,734	$6.2M	Reduce -26.3%
MU Micron Technology Inc.	0.15%	70,882	$6.2M	Add +129.3%
TRGP Targa Resources Corp.	0.15%	30,489	$6.1M	Add +7.2%
PANW Palo Alto Networks Inc.	0.15%	35,773	$6.1M	Add +88.3%
ICE Intercontinental Exchange Inc.	0.15%	35,325	$6.1M	Add +10.7%
HCA HCA Healthcare Inc.	0.15%	17,265	$6.0M	Add +8.3%
WELL Welltower Inc.	0.15%	38,836	$6.0M	Reduce -19.5%
UPS United Parcel Service Class B	0.14%	52,866	$5.8M	Add +8.8%
SRE Sempra	0.14%	80,755	$5.8M	Reduce -19.7%
AFL Aflac Inc.	0.14%	50,930	$5.7M	Add +61.5%
WM Waste Management Inc.	0.14%	24,383	$5.6M	Add +8.3%
COR Cencora Inc.	0.14%	20,270	$5.6M	Reduce -27.5%
WDAY Workday Inc. Class A	0.14%	24,001	$5.6M	Add +69.6%
ABNB Airbnb Inc. Class A	0.14%	46,598	$5.6M	Add +229.9%
CBRE CBRE Group Inc. Class A	0.14%	42,152	$5.5M	Reduce -8.2%
DB Deutsche Bank AG-Registered	0.14%	251,631	$5.5M	Add +6.5%
CDNS Cadence Design SYS Inc.	0.13%	21,372	$5.4M	Add +8.5%
BN Brookfield Corp.	0.13%	72,039	$5.4M	Add +11.5%
K Kellanova	0.13%	65,469	$5.4M	Reduce -15.0%
MPC Marathon Petroleum Corp.	0.13%	37,032	$5.4M	Add +36.5%
PSX Phillips 66	0.13%	43,484	$5.4M	Add +57.5%
BIIB Biogen Inc.	0.13%	39,164	$5.4M	Add +141.8%
TEL Te Connectivity PLC	0.13%	37,565	$5.3M	Reduce -14.7%
PYPL PayPal Holdings Inc.	0.13%	80,556	$5.3M	Add +120.7%
IQV Iqvia Holdings Inc.	0.13%	28,935	$5.1M	Add +183.8%
AZO AutoZone Inc.	0.12%	1,321	$5.0M	Add +10.1%
FERG Ferguson Enterprises Inc.	0.12%	34,633	$5.0M	Add +52.4%
HAL Halliburton Co.	0.12%	195,304	$5.0M	Add +8.0%
CNI Canadian Natl Railway Co.	0.12%	35,268	$4.9M	Add +11.0%
HIG Hartford Insurance Group Inc.	0.12%	39,860	$4.9M	Reduce -26.6%
EXC Exelon Corp.	0.12%	105,858	$4.9M	Add +41.1%
KMB Kimberly-Clark Corp.	0.12%	33,383	$4.7M	Reduce -32.6%
DFS Discover Financial Services	0.12%	27,766	$4.7M	Reduce -5.2%
GIS General Mills Inc.	0.12%	78,364	$4.7M	Reduce -30.0%
YUM Yum! Brands Inc.	0.11%	29,324	$4.6M	Add +11.3%
LULU Lululemon Athletica Inc.	0.11%	16,189	$4.6M	Reduce -6.8%
ITW Illinois Tool Works	0.11%	18,203	$4.5M	Reduce -50.4%
DGX Quest Diagnostics Inc.	0.11%	26,617	$4.5M	Reduce -10.2%
NSC Norfolk Southern Corp.	0.11%	18,999	$4.5M	Add +7.7%
ED Consolidated Edison Inc.	0.11%	40,664	$4.5M	Add +5.3%
PCAR Paccar Inc.	0.11%	45,369	$4.4M	Reduce -26.7%
LH Labcorp Holdings Inc.	0.11%	18,831	$4.4M	Reduce -26.1%
APH Amphenol Corp. Class A	0.11%	66,723	$4.4M	Add +46.7%
CPRT Copart Inc.	0.11%	75,801	$4.3M	Reduce -38.5%
PWR Quanta Services Inc.	0.11%	16,773	$4.3M	Add +213.2%
APD Air Products & Chemicals Inc.	0.11%	14,453	$4.3M	New
ADI Analog Devices Inc.	0.10%	21,127	$4.3M	Add +89.5%
FTNT Fortinet Inc.	0.10%	44,025	$4.2M	Add +237.9%
PEG Public Service Enterprise GP	0.10%	51,249	$4.2M	Add +51.5%
SLF Sun Life Financial Inc.	0.10%	50,728	$4.2M	Reduce -50.0%
IPG Interpublic Group of Cos Inc.	0.10%	152,296	$4.1M	Add +185.2%
CSX CSX Corp.	0.10%	140,361	$4.1M	Add +9.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.10%	4,155	$4.1M	Reduce -33.9%
PBA Pembina Pipeline Corp.	0.10%	70,914	$4.1M	Reduce -49.1%
AME Ametek Inc.	0.10%	23,666	$4.1M	Reduce -33.3%
FAST Fastenal Co.	0.10%	52,487	$4.1M	Reduce -34.4%
MRVL Marvell Technology Inc.	0.10%	64,647	$4.0M	Add +9.0%
IDXX Idexx Laboratories Inc.	0.10%	9,386	$3.9M	Reduce -15.3%
ALL Allstate Corp.	0.10%	18,852	$3.9M	Add +76.3%
HOLX Hologic Inc.	0.10%	62,402	$3.9M	Add +11.3%
CCI Crown Castle Inc.	0.09%	36,833	$3.8M	Add +10.8%
HEI.A Heico Corp. Class A	0.09%	18,189	$3.8M	Add +5.3%
TSCO Tractor Supply Company	0.09%	69,588	$3.8M	Add +70.9%
TRV The Travelers Cos Inc.	0.09%	14,406	$3.8M	Add +5.0%
WAT Waters Corp.	0.09%	10,209	$3.8M	Reduce -13.2%
CEG Constellation Energy	0.09%	18,436	$3.7M	Add +105.3%
CTSH Cognizant Tech Solutions-A	0.09%	48,567	$3.7M	Add +136.3%
SBUX Starbucks Corp.	0.09%	37,122	$3.6M	Add +6.5%
CAG Conagra Brands Inc.	0.09%	134,741	$3.6M	Reduce -11.5%
VRSK Verisk Analytics Inc.	0.09%	11,856	$3.5M	Add +1688.2%
FOX Fox Corp. Class B	0.09%	66,737	$3.5M	Add +50.3%
VEEV Veeva Systems Inc. Class A	0.09%	15,153	$3.5M	Reduce -6.1%
HSY The Hershey Co.	0.09%	20,313	$3.5M	Add +128.0%
TDG Transdigm Group Inc.	0.09%	2,504	$3.5M	Add +4.1%
HON Honeywell International Inc.	0.09%	16,330	$3.5M	Add +0.5%
BX Blackstone Inc.	0.09%	24,725	$3.5M	Add +2.8%
FOXA Fox Corp. Class A	0.08%	60,337	$3.4M	Reduce -18.8%
KEYS Keysight Technologies Inc.	0.08%	22,755	$3.4M	Add +170.2%
ANSS Ansys Inc.	0.08%	10,754	$3.4M	Add +111.1%
NTAP Netapp Inc.	0.08%	37,390	$3.3M	Add +0.6%
KDP Keurig Dr Pepper Inc.	0.08%	95,497	$3.3M	Add +8.1%
HPE Hewlett Packard Enterprise	0.08%	205,472	$3.2M	Add +252.6%
EIX Edison International	0.08%	53,473	$3.2M	Reduce -39.8%
ORLY O'reilly Automotive Inc.	0.08%	2,194	$3.1M	Add +4.4%
COF Capital One Financial Corp.	0.08%	17,060	$3.1M	Add +193.1%
KR Kroger Co.	0.07%	44,972	$3.0M	Reduce -45.0%
MO Altria Group Inc.	0.07%	50,322	$3.0M	Add +4.3%
EME Emcor Group Inc.	0.07%	8,077	$3.0M	Add +24.4%
GRMN Garmin Ltd.	0.07%	13,737	$3.0M	Reduce -16.2%
BDX Becton Dickinson and Co.	0.07%	12,948	$3.0M	Add +11.9%
XYL Xylem Inc.	0.07%	24,813	$3.0M	Add +146.0%
OC Owens Corning	0.07%	20,649	$2.9M	Add +39.4%
RPRX Royalty Pharma PLC Class A	0.07%	94,685	$2.9M	Add +20801.8%
WSO Watsco Inc.	0.07%	5,787	$2.9M	New
LOGI Logitech International-Reg	0.07%	39,539	$2.9M	Reduce -40.0%
GPN Global Payments Inc.	0.07%	29,618	$2.9M	New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.07%	8,381	$2.9M	Add +249.3%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC	0.07%	36,941	$2.9M	Reduce -63.0%
ROP Roper Technologies Inc.	0.07%	4,882	$2.9M	Add +84.0%
NVR NVR Inc.	0.07%	397	$2.9M	Reduce -36.2%
LII Lennox International Inc.	0.07%	5,118	$2.9M	Add +3.4%
WAB Wabtec Corp.	0.07%	15,806	$2.9M	Add +2393.1%
RMD Resmed Inc.	0.07%	12,695	$2.8M	Reduce -30.8%
LKQ LKQ Corp.	0.07%	66,578	$2.8M	Add +119.6%
AXON Axon Enterprise Inc.	0.07%	5,383	$2.8M	New
GM General Motors Co.	0.07%	60,122	$2.8M	Reduce -60.6%
OMC Omnicom Group	0.07%	33,993	$2.8M	Add +97.5%
ES Eversource Energy	0.07%	45,120	$2.8M	Add +7.8%
JCI Johnson Controls Internation	0.07%	34,877	$2.8M	Add +11.6%
LUV Southwest Airlines Co.	0.07%	82,673	$2.8M	New
MSI Motorola Solutions Inc.	0.07%	6,277	$2.7M	Reduce -48.0%
ULTA Ulta Beauty Inc.	0.07%	7,478	$2.7M	Add +230.2%
DOC Healthpeak Properties Inc.	0.07%	135,189	$2.7M	Add +1.9%
TAP Molson Coors Beverage Co. Class B	0.07%	44,560	$2.7M	New
STE Steris PLC	0.07%	11,938	$2.7M	Add +184.3%
SYF Synchrony Financial	0.07%	51,002	$2.7M	Add +2.7%
CARR Carrier Global Corp.	0.07%	42,171	$2.7M	Add +11.4%
AON Aon PLC Class A	0.07%	6,666	$2.7M	Add +217.4%
MNST Monster Beverage Corp.	0.07%	45,456	$2.7M	Add +80.8%
MOH Molina Healthcare Inc.	0.07%	8,015	$2.6M	Reduce -41.8%
RTX RTX Corp.	0.07%	19,900	$2.6M	New
PHM Pultegroup Inc.	0.06%	25,228	$2.6M	Reduce -26.1%
FFIV F5 Inc.	0.06%	9,664	$2.6M	Reduce -27.3%
APTV Aptiv PLC	0.06%	43,146	$2.6M	Add +196.3%
EW Edwards Lifesciences Corp.	0.06%	35,389	$2.6M	Add +11.5%
LDOS Leidos Holdings Inc.	0.06%	19,002	$2.6M	Add +2317.6%
CPAY Corpay Inc.	0.06%	7,349	$2.6M	New
AWK American Water Works Co. Inc.	0.06%	17,197	$2.5M	Reduce -55.1%
DLR Digital Realty Trust Inc.	0.06%	17,598	$2.5M	Add +12.5%
MAR Marriott International Class A	0.06%	10,455	$2.5M	Add +4.9%
QGEN Qiagen N.V.	0.06%	67,258	$2.5M	Add +109.8%
DECK Deckers Outdoor Corp.	0.06%	21,707	$2.4M	Add +19.2%
CRWD CrowdStrike Holdings Inc. Class A	0.06%	6,860	$2.4M	Add +5.5%
CLX Clorox Company	0.06%	16,412	$2.4M	Add +183.6%
TRI Thomson Reuters Corp.	0.06%	9,685	$2.4M	Add +11.5%
WYNN WYNN Resorts Ltd.	0.06%	28,620	$2.4M	New
UTHR United Therapeutics Corp.	0.06%	7,701	$2.4M	Reduce -9.7%
LVS Las Vegas Sands Corp.	0.06%	61,327	$2.4M	New
URI United Rentals Inc.	0.06%	3,683	$2.3M	Add +12.6%
RS Reliance Inc.	0.06%	7,931	$2.3M	Reduce -23.0%
HII Huntington Ingalls Industrie	0.06%	11,199	$2.3M	Add +2.9%
SWKS Skyworks Solutions Inc.	0.06%	35,338	$2.3M	New
PRU Prudential Financial Inc.	0.06%	20,396	$2.3M	Reduce -62.5%
HUM Humana Inc.	0.06%	8,598	$2.3M	Add +12.0%
ZBRA Zebra Technologies Corp. Class A	0.06%	8,047	$2.3M	New
CP Canadian Pacific Kansas City	0.06%	22,640	$2.3M	Add +6.2%
DAL Delta Air Lines Inc.	0.06%	51,249	$2.2M	Add +5.0%
CMG Chipotle Mexican Grill Inc.	0.06%	44,484	$2.2M	Reduce -1.9%
GEV GE Vernova Inc.	0.05%	7,280	$2.2M	Add +4.2%
AMP Ameriprise Financial Inc.	0.05%	4,537	$2.2M	Reduce -64.5%
ETR Entergy Corp.	0.05%	25,518	$2.2M	Add +75.0%
KKR KKR & Co. Inc.	0.05%	18,864	$2.2M	New
STX Seagate Technology Holdings	0.05%	25,515	$2.2M	Add +6.8%
P Everpure Inc. Class A filed as PURE STORAGE INC	0.05%	48,958	$2.2M	New
EXPD Expeditors Intl Wash Inc.	0.05%	17,989	$2.2M	Reduce -33.9%
DASH DoorDash Inc. Class A	0.05%	11,822	$2.2M	Add +1803.7%
GPC Genuine Parts Co.	0.05%	18,036	$2.1M	Add +10.2%
PNR Pentair PLC	0.05%	24,419	$2.1M	Reduce -12.5%
NXPI NXP Semiconductors NV	0.05%	11,062	$2.1M	Add +11.7%
DHI D.R. Horton Inc.	0.05%	16,483	$2.1M	Add +4.5%
CPT Camden Property Trust	0.05%	17,063	$2.1M	Add +0.7%
NUE Nucor Corp.	0.05%	17,244	$2.1M	Add +8.2%
CMI Cummins Inc.	0.05%	6,537	$2.0M	Add +12.4%
GIB Cgi Inc.	0.05%	14,026	$2.0M	Reduce -50.2%
JBHT Hunt (jb) Transprt SVCS Inc.	0.05%	13,481	$2.0M	Reduce -14.1%
TWLO Twilio Inc. Class A	0.05%	20,060	$2.0M	Add +13.3%
DOCU Docusign Inc.	0.05%	24,083	$2.0M	Add +1.8%
FIS Fidelity National Info Serv	0.05%	25,268	$1.9M	Add +12.4%
CCEP Coca-Cola Europacific Partne	0.05%	21,641	$1.9M	Add +297.2%
MLM Martin Marietta Materials	0.05%	3,888	$1.9M	Add +12.6%
MOS The Mosaic Co.	0.05%	68,739	$1.9M	Reduce -0.3%
IMO Imperial Oil Ltd.	0.05%	17,779	$1.8M	New
PAAS Pan American Silver Corp.	0.05%	49,503	$1.8M	New
OTIS Otis Worldwide Corp.	0.05%	17,809	$1.8M	Add +9.6%
BR Broadridge Financial Solutio	0.04%	7,521	$1.8M	Reduce -47.6%
FICO Fair Isaac Corp.	0.04%	988	$1.8M	Add +12.9%
PPG PPG Industries Inc.	0.04%	16,623	$1.8M	Reduce -60.8%
HUBB Hubbell Inc.	0.04%	5,487	$1.8M	Reduce -22.6%
CNH CNH Industrial NV	0.04%	148,626	$1.8M	Add +201.9%
MSCI MSCI Inc.	0.04%	3,094	$1.7M	New
LEN Lennar Corp. Class A	0.04%	15,037	$1.7M	Reduce -62.0%
MARA Mara Holdings Inc.	0.04%	150,000	$1.7M	No change
MFC Manulife Financial Corp.	0.04%	38,454	$1.7M	Reduce -76.1%
KGC Kinross Gold Corp.	0.04%	94,948	$1.7M	Reduce -66.8%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM	0.04%	21,239	$1.7M	Add +676.9%
RCL Royal Caribbean Cruises Ltd.	0.04%	8,358	$1.7M	Add +911.9%
MRNA Moderna Inc.	0.04%	59,895	$1.7M	New
EPAM Epam Systems Inc.	0.04%	10,055	$1.7M	New
MGA Magna International Inc.	0.04%	34,689	$1.7M	Add +6494.9%
CTVA Corteva Inc.	0.04%	26,513	$1.7M	Reduce -9.0%
MTD Mettler-Toledo International	0.04%	1,382	$1.6M	Add +11.8%
KVUE Kenvue Inc.	0.04%	66,939	$1.6M	Add +1.5%
WSM Williams-Sonoma Inc.	0.04%	10,117	$1.6M	Reduce -8.7%
CVNA Carvana Co.	0.04%	7,604	$1.6M	New
ACGL Arch Capital Group Ltd.	0.04%	16,326	$1.6M	Add +1.6%
F Ford Motor Co. filed as FORD MTR CO	0.04%	155,743	$1.6M	Reduce -66.3%
TFC Truist Financial Corp.	0.04%	37,774	$1.6M	Add +540.8%
FDX FedEx Corp.	0.04%	6,272	$1.5M	Add +6.5%
ODFL Old Dominion Freight Line	0.04%	9,234	$1.5M	Add +11.4%
TEAM Atlassian Corp. Class A	0.04%	7,175	$1.5M	New
BAH Booz Allen Hamilton Holdings	0.04%	14,558	$1.5M	New
BBY Best Buy Co. Inc.	0.04%	20,539	$1.5M	Reduce -43.6%
CHD Church & Dwight Co. Inc.	0.04%	13,591	$1.5M	Reduce -69.5%
IR Ingersoll-Rand Inc.	0.04%	18,509	$1.5M	Add +12.8%
ILMN Illumina Inc.	0.04%	18,466	$1.5M	Add +167.0%
SNOW Snowflake Inc.	0.04%	9,902	$1.4M	Add +4.2%
HPQ HP Inc.	0.04%	52,224	$1.4M	Add +11.5%
ZM Zoom Communications Inc.	0.04%	19,507	$1.4M	Reduce -48.0%
WTRG Essential Utilities Inc.	0.04%	36,359	$1.4M	Add +2.3%
FTV Fortive Corp.	0.04%	19,533	$1.4M	Add +21.2%
NTR Nutrien Ltd.	0.04%	19,952	$1.4M	Add +12.8%
IT Gartner Inc.	0.03%	3,359	$1.4M	Add +2.0%
ROK Rockwell Automation Inc.	0.03%	5,368	$1.4M	Add +12.8%
BAM Brookfield Asset Mgmt-A	0.03%	19,827	$1.4M	New
ZBH Zimmer Biomet Holdings Inc.	0.03%	12,068	$1.4M	Reduce -69.3%
BSY Bentley Systems Inc. Class B	0.03%	34,582	$1.4M	New
GEN Gen Digital Inc.	0.03%	50,618	$1.3M	Reduce -49.2%
VLTO Veralto Corp.	0.03%	13,771	$1.3M	Reduce -55.8%
PODD Insulet Corp.	0.03%	5,108	$1.3M	Reduce -59.1%
TTWO Take-Two Interactive Softwre	0.03%	6,470	$1.3M	Add +900.0%
DOV Dover Corp.	0.03%	7,534	$1.3M	Add +12.9%
ALGN Align Technology Inc.	0.03%	8,276	$1.3M	Add +170.6%
D Dominion Energy Inc.	0.03%	23,285	$1.3M	Reduce -65.5%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.03%	16,187	$1.3M	Add +12.8%
NET Cloudflare Inc. Class A	0.03%	10,989	$1.2M	Add +4.4%
PSA Public Storage	0.03%	4,103	$1.2M	Add +881.6%
ARE Alexandria Real Estate Equit	0.03%	13,048	$1.2M	Add +487.2%
HUBS HubSpot Inc.	0.03%	2,063	$1.2M	Add +12.9%
SNAP Snap Inc. Class A	0.03%	134,075	$1.2M	Add +6.8%
GIL Gildan Activewear Inc.	0.03%	18,231	$1.2M	Reduce -67.4%
DXCM Dexcom Inc.	0.03%	16,954	$1.2M	Add +12.2%
PTC PTC Inc.	0.03%	7,046	$1.1M	Add +12.8%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.03%	9,100	$1.1M	Add +12.8%
DDOG Datadog Inc. Class A	0.03%	10,666	$1.1M	Add +4.9%
EA Electronic Arts Inc.	0.03%	7,280	$1.1M	Reduce -79.2%
JAZZ Jazz Pharmaceuticals PLC	0.03%	8,473	$1.1M	Add +9.6%
SPG Simon Property Group Inc.	0.03%	6,305	$1.0M	Reduce -73.8%
CME Cme Group Inc.	0.03%	3,938	$1.0M	Add +11.7%
ROST Ross Stores Inc.	0.03%	8,014	$1.0M	Add +6.5%
MTB M & T Bank Corp. filed as M & T BK CORP	0.02%	5,630	$1.0M	New
FER Ferrovial NV	0.02%	24,037	$990K	Add +7.3%
INCY Incyte Corp.	0.02%	15,991	$968K	Reduce -58.5%
FCNCA First Citizens Bcshs Class A	0.02%	515	$955K	New
FNF Fidelity National Financial	0.02%	14,617	$951K	New
IHS Ihs Holding Ltd.	0.02%	180,000	$940K	No change
COO The Cooper Cos Inc.	0.02%	11,114	$937K	Add +12.8%
TRP TC Energy Corp.	0.02%	13,691	$930K	Add +8.3%
IEX Idex Corp.	0.02%	5,129	$928K	Add +11.8%
WPC WP Carey Inc.	0.02%	14,560	$919K	Reduce -72.3%
UDR Udr Inc.	0.02%	20,165	$911K	Add +3.8%
GLPI Gaming and Leisure Propertie	0.02%	17,306	$881K	New
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.02%	26,696	$871K	Reduce -75.1%
LYB Lyondellbasell Indu Class A	0.02%	12,001	$845K	Add +12.5%
SOLV Solventum Corp.	0.02%	10,988	$836K	Add +10.1%
STZ Constellation Brands Inc. Class A	0.02%	4,472	$821K	Add +4.4%
WST West Pharmaceutical Services	0.02%	3,650	$817K	Add +11.2%
NBIX Neurocrine Biosciences Inc.	0.02%	7,329	$811K	Reduce -69.0%
AKAM Akamai Technologies Inc.	0.02%	9,926	$799K	Add +12.8%
SPY SS SPDR S&P 500 ETF Trust-US	0.02%	1,423	$796K	No change
ADM Archer-Daniels-Midland Co.	0.02%	16,579	$796K	Add +2.0%
PINS Pinterest Inc. Class A	0.02%	25,490	$790K	New
QSR Restaurant Brands Intern	0.02%	7,685	$737K	Reduce -14.5%
KHC The Kraft Heinz Co.	0.02%	24,164	$735K	Add +2.9%
SMCI Super Micro Computer Inc.	0.02%	21,000	$719K	No change
O Realty Income Corp.	0.02%	12,009	$697K	Add +4.6%
EEM iShares MSCI Emerging Market	0.02%	15,000	$656K	No change
CCK Crown Holdings Inc.	0.02%	7,233	$646K	Reduce -82.3%
HEI Heico Corp.	0.02%	2,343	$626K	Reduce -4.2%
AVTR Avantor Inc.	0.01%	37,279	$604K	Add +12.8%
AIG American International Group	0.01%	6,948	$604K	Add +5.7%
REG Regency Centers Corp.	0.01%	7,044	$520K	Add +2.2%
MCHP Microchip Technology Inc.	0.01%	10,641	$515K	Add +2.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.01%	7,242	$478K	Add +3.9%
MET Metlife Inc.	0.01%	5,917	$475K	Add +4.0%
CNC Centene Corp.	0.01%	7,645	$464K	Add +8.4%
VNQI Vanguard GLBL Ex-US Real Est	0.01%	11,374	$460K	No change
SW Smurfit Westrock PLC	0.01%	12,902	$446K	Reduce -76.2%
KIM Kimco Realty Corp.	0.01%	20,512	$436K	Reduce -21.2%
DG Dollar General Corp.	0.01%	4,471	$393K	Add +7.8%
DRI Darden Restaurants Inc.	0.01%	1,602	$333K	Reduce -29.3%
BXP BXP Inc.	0.01%	4,790	$322K	Add +0.9%
L Loews Corp.	0.01%	3,494	$321K	Add +3.6%
CSGP Costar Group Inc.	0.01%	3,318	$263K	Add +0.2%
IVZ Invesco Ltd.	0.01%	13,796	$209K	Add +8.9%
PDD PDD Holdings Inc.	0.01%	1,700	$201K	No change
CCJ Cameco Corp.	0.01%	3,390	$201K	Add +4.5%
MRP Millrose Properties	0.00%	7,407	$196K	Reduce -62.6%
MAS Masco Corp.	0.00%	2,642	$184K	Add +99.0%
OMF Onemain Holdings Inc.	0.00%	3,223	$158K	Add +8.9%
ST Sensata Technologies Holdplc	0.00%	6,008	$146K	Add +8.9%
EPD Enterprise Products Partners	0.00%	4,230	$144K	Add +8.9%
DINO HF Sinclair Corp.	0.00%	4,161	$137K	Add +4.3%
EMN Eastman Chemical Co.	0.00%	1,551	$137K	Reduce -94.9%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC	0.00%	702	$128K	Reduce -96.1%
HBAN Huntington Bancshares Inc.	0.00%	8,056	$121K	No change
CHRW C.H. Robinson Worldwide Inc.	0.00%	1,174	$120K	Add +8.0%
RF Regions Financial Corp.	0.00%	5,532	$120K	No change
SE Sea Ltd.-ADR	0.00%	883	$115K	No change
PII Polaris Inc.	0.00%	2,799	$115K	Add +8.9%
TDY Teledyne Technologies Inc.	0.00%	220	$109K	No change
VRT Vertiv Holdings Co. Class A	0.00%	1,464	$106K	Add +66.2%
NDSN Nordson Corp.	0.00%	505	$102K	Add +7.9%
SOBO South Bow Corp.	0.00%	2,714	$100K	Add +7.4%
KEY Keycorp	0.00%	6,179	$99K	No change
APO Apollo Global Management Inc.	0.00%	700	$96K	Reduce -62.2%
DBX Dropbox Inc. Class A	0.00%	3,576	$96K	Add +8.0%
STT State Street Corp.	0.00%	1,007	$90K	No change
IP International Paper Co.	0.00%	1,638	$87K	Reduce -97.2%
VNQ Vanguard Real Estate ETF	0.00%	960	$87K	No change
OTEX Open Text Corp.	0.00%	2,367	$86K	Add +7.9%
EXR Extra Space Storage Inc.	0.00%	561	$83K	No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.00%	899	$83K	Reduce -96.9%
EXPE Expedia Group Inc.	0.00%	488	$82K	New
KNX Knight-Swift Transportation	0.00%	1,868	$81K	No change
WCN Waste Connections Inc.	0.00%	400	$78K	No change
DOW Dow Inc.	0.00%	2,161	$75K	No change
HRL Hormel Foods Corp.	0.00%	2,372	$73K	Reduce -91.8%
MPLX MPLX LP	0.00%	1,274	$68K	Add +8.9%
CAH Cardinal Health Inc.	0.00%	483	$67K	Reduce -98.3%
TFX Teleflex Inc.	0.00%	465	$64K	Add +7.9%
AVB Avalonbay Communities Inc.	0.00%	298	$64K	No change
FMC FMC Corp.	0.00%	1,464	$62K	No change
BLDR Builders Firstsource Inc.	0.00%	473	$59K	New
RHI Robert Half Inc.	0.00%	1,007	$55K	No change
RSG Republic Services Inc.	0.00%	222	$54K	No change
BWA Borgwarner Inc.	0.00%	1,863	$53K	No change
CBOE Cboe Global Markets Inc.	0.00%	188	$43K	No change
MKTX Marketaxess Holdings Inc.	0.00%	189	$41K	Reduce -98.4%
CHTR Charter Communications Inc. Class A	0.00%	108	$40K	Add +2.9%
XYZ Block Inc.	0.00%	579	$31K	No change
EFX Equifax Inc.	0.00%	129	$31K	Reduce -16.2%
CSL Carlisle Cos Inc.	0.00%	92	$31K	Reduce -63.5%
ATO Atmos Energy Corp.	0.00%	192	$30K	Reduce -99.1%
VMC Vulcan Materials Co.	0.00%	124	$29K	No change
VRSN Verisign Inc.	0.00%	98	$25K	No change
MKC McCormick & Co.-Non VTG SHRS	0.00%	258	$21K	No change
ALNY Alnylam Pharmaceuticals Inc.	0.00%	50	$14K	Reduce -5.7%
BF.B Brown-Forman Corp. Class B	0.00%	378	$13K	No change
BEN Franklin Templeton Inc.	0.00%	616	$12K	No change
NWSA News Corp. Class A	0.00%	434	$12K	Add +9.6%
BAX Baxter International Inc.	0.00%	294	$10K	Reduce -4.2%
SYY Sysco Corp.	0.00%	132	$10K	Reduce -3.6%
DLTR Dollar Tree Inc.	0.00%	125	$9K	Reduce -3.9%
LUMN Lumen Technologies Inc.	0.00%	1,721	$7K	No change
VNT Vontier Corp.	0.00%	108	$4K	No change
SLVM Sylvamo Corp.	0.00%	42	$3K	No change
BNTX Biontech SE-ADR	0.00%	7	$637	No change
OGN Organon & Co.	0.00%	25	$372	No change

Portfolio Sells Q4 2024 → Q1 2025


AAPL Apple Inc.	Reduce -4.9%	3.77%	−0.86
MA Mastercard Inc. Class A	Reduce -30.1%	1.02%	−0.43
AMZN Amazon.com Inc.	Reduce -0.5%	1.74%	−0.35
HD Home Depot Inc.	Reduce -9.7%	0.99%	−0.22
WMT Walmart Inc.	Reduce -30.1%	0.37%	−0.19
BLK BlackRock Inc.	Reduce -27.9%	0.33%	−0.18
MRK Merck & Co. Inc.	Reduce -15.8%	0.49%	−0.18
NOW ServiceNow Inc.	Reduce -10.1%	0.33%	−0.18
DIS The Walt Disney Co.	Reduce -16.8%	0.40%	−0.16
CRH CRH PLC	Reduce -25.6%	0.32%	−0.16
BNS Bank of Nova Scotia	Reduce -27.9%	0.24%	−0.15
INTU Intuit Inc.	Reduce -25.9%	0.35%	−0.15
CF CF Industries Holdings Inc.	Reduce -63.0%	0.07%	−0.15
ORCL Oracle Corp.	Reduce -31.1%	0.18%	−0.14
BKNG Booking Holdings Inc.	Reduce -19.8%	0.36%	−0.14
MFC Manulife Financial Corp.	Reduce -76.1%	0.04%	−0.14
GM General Motors Co.	Reduce -60.6%	0.07%	−0.14
CAT Caterpillar Inc.	Reduce -16.8%	0.36%	−0.14
PFE Pfizer Inc.	Reduce -41.1%	0.16%	−0.13
ITW Illinois Tool Works	Reduce -50.4%	0.11%	−0.13
AMP Ameriprise Financial Inc.	Reduce -64.5%	0.05%	−0.12
SLF Sun Life Financial Inc.	Reduce -50.0%	0.10%	−0.12
AMAT Applied Materials Inc.	Reduce -17.3%	0.28%	−0.11
AMGN Amgen Inc.	Reduce -36.8%	0.30%	−0.11
ACN Accenture PLC Class A	Reduce -4.9%	0.48%	−0.11
PRU Prudential Financial Inc.	Reduce -62.5%	0.06%	−0.11
EA Electronic Arts Inc.	Reduce -79.2%	0.03%	−0.10
EIX Edison International	Reduce -39.8%	0.08%	−0.10
ADBE Adobe Inc.	Reduce -3.0%	0.42%	−0.10
TGT Target Corp.	Reduce -17.9%	0.15%	−0.10
MS Morgan Stanley	Reduce -10.0%	0.41%	−0.10
PG The Procter & Gamble Co.	Reduce -9.3%	0.78%	−0.10
LEN Lennar Corp. Class A	Reduce -62.0%	0.04%	−0.10
MPWR Monolithic Power Systems Inc.	Sold out	0.00%	−0.09
PBA Pembina Pipeline Corp.	Reduce -49.1%	0.10%	−0.09
DD Dupont DE Nemours Inc.	Sold out	0.00%	−0.09
CAH Cardinal Health Inc.	Reduce -98.3%	0.00%	−0.08
PPG PPG Industries Inc.	Reduce -60.8%	0.04%	−0.08
SRE Sempra	Reduce -19.7%	0.14%	−0.08
CHD Church & Dwight Co. Inc.	Reduce -69.5%	0.04%	−0.08
TROW T Rowe Price Group Inc.	Reduce -96.9%	0.00%	−0.08
TRMB Trimble Inc.	Sold out	0.00%	−0.08
RJF Raymond James Financial Inc.	Sold out	0.00%	−0.08
SPG Simon Property Group Inc.	Reduce -73.8%	0.03%	−0.08
JNPR Juniper Networks Inc.	Sold out	0.00%	−0.08
AER Aercap Holdings NV	Sold out	0.00%	−0.08
FDS Factset Research Systems Inc.	Sold out	0.00%	−0.08
F Ford Motor Co.	Reduce -66.3%	0.04%	−0.08
JKHY Jack Henry & Associates Inc.	Reduce -96.1%	0.00%	−0.08
IP International Paper Co.	Reduce -97.2%	0.00%	−0.08

Portfolio Buys Q4 2024 → Q1 2025


ARCC Ares Capital Corp.	Add +53.5%	3.23%	+1.08
OBDC Blue Owl Capital Corp.	Add +90.1%	1.55%	+0.68
GBDC Golub Capital BDC Inc.	New	0.67%	+0.67
AEM Agnico Eagle Mines Ltd.	Add +16.6%	1.86%	+0.67
BXSL Blackstone Secured Lending F	Add +78.8%	1.57%	+0.66
WPM Wheaton Precious Metals Corp.	Add +34.2%	1.32%	+0.64
FSK FS KKR Capital Corp.	Add +152.0%	1.05%	+0.61
UBS UBS Group AG-Reg	Add +127.4%	1.03%	+0.55
MSDL Morgan Stanley Direct Lendin	New	0.43%	+0.43
NEM Newmont Corp.	Add +19.1%	1.25%	+0.41
SPOT Spotify Technology SA	Add +1963.1%	0.40%	+0.38
LIN Linde PLC	Add +63.3%	0.80%	+0.34
GSBD Goldman Sachs BDC Inc.	Add +103.2%	0.62%	+0.29
TSM Taiwan Semiconductor-SP ADR	New	0.28%	+0.28
C Citigroup Inc.	Add +101.6%	0.43%	+0.21
OCSL Oaktree Specialty Lending Co.	Add +101.4%	0.41%	+0.20
PLTR Palantir Technologies Inc. Class A	New	0.19%	+0.19
MSTR Strategy Inc.	Add +72.0%	0.46%	+0.18
APP AppLovin Corp. Class A	New	0.16%	+0.16
KLAC KLA Corp.	Add +211.8%	0.21%	+0.14
TD Toronto-Dominion Bank	Add +45.5%	0.39%	+0.14
TMUS T-Mobile US Inc.	Add +123.7%	0.23%	+0.14
KO The Coca-Cola Co.	Add +20.4%	0.54%	+0.14
RY Royal Bank of Canada	Add +130.5%	0.24%	+0.13
BRK.B Berkshire Hathaway Inc. Class B	Add +7.7%	0.70%	+0.13
ALC Alcon Inc.	Add +83.3%	0.26%	+0.13
TJX TJX Companies Inc.	Add +54.3%	0.35%	+0.12
CVS CVS Health Corp.	Add +130.2%	0.16%	+0.12
UNP Union Pacific Corp.	Add +50.5%	0.33%	+0.11
FISV Fiserv Inc.	Add +40.0%	0.35%	+0.11
APD Air Products & Chemicals Inc.	New	0.11%	+0.11
SCHW Schwab (charles) Corp.	Add +71.2%	0.24%	+0.10
MELI MercadoLibre Inc.	Add +66.9%	0.22%	+0.10
CSCO Cisco Systems Inc.	Add +48.2%	0.30%	+0.10
VLO Valero Energy Corp.	Add +87.5%	0.20%	+0.10
ABNB Airbnb Inc. Class A	Add +229.9%	0.14%	+0.09
MDT Medtronic PLC	Add +93.5%	0.17%	+0.09
MU Micron Technology Inc.	Add +129.3%	0.15%	+0.09
WMB Williams Cos Inc.	Add +47.3%	0.24%	+0.09
VRSK Verisk Analytics Inc.	Add +1688.2%	0.09%	+0.08
LNG Cheniere Energy Inc.	Add +75.7%	0.18%	+0.08
COIN Coinbase Global Inc. Class A	Add +112.1%	0.27%	+0.08
GS Goldman Sachs Group Inc.	Add +30.3%	0.46%	+0.08
PH Parker Hannifin Corp.	Add +93.4%	0.17%	+0.08
PLD Prologis Inc.	Add +40.3%	0.25%	+0.08
CB Chubb Ltd.	Add +62.0%	0.18%	+0.08
IQV Iqvia Holdings Inc.	Add +183.8%	0.13%	+0.07
FTNT Fortinet Inc.	Add +237.9%	0.10%	+0.07
HWM Howmet Aerospace Inc.	Add +52.1%	0.17%	+0.07
WSO Watsco Inc.	New	0.07%	+0.07

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	526	$5.5B	NVDA, MSFT, GOOGL, AAPL, GOOG
Q1 2026	484	$4.8B	NVDA, MSFT, AAPL, GOOGL, AZN
Q4 2025	483	$4.9B	NVDA, MSFT, AAPL, GOOGL, GOOG
Q3 2025	499	$4.7B	NVDA, MSFT, AAPL, GOOGL, TSLA
Q2 2025	498	$4.4B	NVDA, MSFT, AAPL, ARCC, GOOGL
Q1 2025	494	$4.1B	NVDA, MSFT, AAPL, ARCC, GOOGL
Q4 2024Amended	479	$3.9B	NVDA, MSFT, AAPL, GOOGL, TSLA