Guggenheim Capital LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Guggenheim Capital LLC reported 1,569 stock positions worth $13.4 billion. Its top holding was Nvidia (NVDA) at 4.7% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Apple (AAPL, 3.7%). Compared with Q2 2025, it opened 93 new positions, sold out of 103, added to 751 and reduced 715. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Meta Platforms Class A (META, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001283072
- Portfolio Value
- $13.4B (Q3 2025)
- SEC Filing
- 0001283072-25-000005 ↗ filed Nov 13, 2025
Holdings Value
Holdings 1,569 stocks · $13.4B
| NVDA Nvidia Corp. | 4.71% | 3,392,701 | $633.0M | Reduce -2.8% |
| MSFT Microsoft Corp. | 3.90% | 1,011,442 | $523.9M | Add +0.9% |
| AAPL Apple Inc. | 3.65% | 1,927,913 | $490.9M | Add +0.3% |
| AVGO Broadcom Inc. | 2.82% | 1,148,226 | $378.8M | Add +1.3% |
| AMZN Amazon.com Inc. | 2.25% | 1,379,705 | $302.9M | Add +1.5% |
| META Meta Platforms Inc. Class A | 1.91% | 349,557 | $256.7M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 1.71% | 945,871 | $229.9M | Reduce -0.4% |
| TSLA Tesla Inc. | 1.25% | 378,999 | $168.5M | Reduce -4.9% |
| GOOG Alphabet Inc. Class C | 1.06% | 585,985 | $142.7M | Reduce -1.7% |
| COST Costco Wholesale Corp. | 1.04% | 151,619 | $140.3M | Add +1.1% |
| NFLX Netflix Inc. | 1.03% | 115,205 | $138.1M | Add +5.2% |
| CSCO Cisco Systems Inc. | 0.99% | 1,939,860 | $132.7M | Reduce -2.8% |
| QCOM Qualcomm Inc. | 0.97% | 785,471 | $130.7M | Reduce -5.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.92% | 186,563 | $124.3M | Add +67.2% |
| LRCX Lam Research Corp. | 0.85% | 854,013 | $114.4M | Add +2.5% |
| AMAT Applied Materials Inc. | 0.77% | 508,676 | $104.1M | Add +2.0% |
| PLTR Palantir Technologies Inc. Class A | 0.77% | 567,392 | $103.5M | Add +0.2% |
| V Visa Inc. Class A | 0.72% | 284,197 | $97.0M | Add +2.7% |
| AMD Advanced Micro Devices | 0.70% | 582,743 | $94.3M | Add +0.4% |
| IVV iShares Core S&P 500 ETF | 0.68% | 136,471 | $91.3M | Add +65.5% |
| BKNG Booking Holdings Inc. | 0.66% | 16,439 | $88.8M | Reduce -1.5% |
| WM Waste Management Inc. | 0.64% | 387,654 | $85.6M | Reduce -1.3% |
| PEP Pepsico Inc. | 0.63% | 604,476 | $84.9M | Add +1.6% |
| MU Micron Technology Inc. | 0.62% | 500,758 | $83.8M | Add +2.2% |
| JPM JPMorgan Chase & Co. | 0.58% | 249,128 | $78.6M | Reduce -5.1% |
| ADBE Adobe Inc. | 0.58% | 220,580 | $77.8M | Add +15.3% |
| SLV iShares Silver Trust | 0.54% | 1,700,489 | $72.0M | Add +85.9% |
| AMGN Amgen Inc. | 0.52% | 246,215 | $69.5M | Add +3.9% |
| MA Mastercard Inc. Class A | 0.51% | 120,930 | $68.8M | Add +0.5% |
| DASH DoorDash Inc. Class A | 0.51% | 250,867 | $68.2M | Add +14.3% |
| TMUS T-Mobile US Inc. | 0.50% | 281,301 | $67.3M | Reduce -4.3% |
| MDLZ Mondelez International Inc. Class A | 0.47% | 1,020,370 | $63.7M | Add +5.0% |
| PANW Palo Alto Networks Inc. | 0.47% | 311,307 | $63.4M | Reduce -6.3% |
| JNJ Johnson & Johnson | 0.47% | 338,075 | $62.7M | Add +1.0% |
| SNPS Synopsys Inc. | 0.45% | 123,858 | $61.1M | Add +12.9% |
| ADP Automatic Data Processing | 0.45% | 205,778 | $60.4M | Add +1.8% |
| MRK Merck & Co. Inc. | 0.45% | 713,993 | $59.9M | Add +16.4% |
| GILD Gilead Sciences Inc. | 0.44% | 528,863 | $58.7M | Reduce -5.7% |
| ABBV Abbvie Inc. | 0.43% | 252,277 | $58.4M | Add +3.7% |
| KLAC KLA Corp. | 0.43% | 53,897 | $58.1M | Reduce -2.6% |
| CMCSA Comcast Corp. Class A | 0.43% | 1,834,990 | $57.7M | Add +1.3% |
| MCD McDonald's Corp. | 0.43% | 188,903 | $57.4M | Add +10.0% |
| APP AppLovin Corp. Class A | 0.42% | 79,111 | $56.8M | Add +5.8% |
| SHW The Sherwin-Williams Co. | 0.42% | 162,146 | $56.1M | Reduce -5.2% |
| ORLY O'reilly Automotive Inc. | 0.41% | 516,770 | $55.7M | Add +15.4% |
| GS Goldman Sachs Group Inc. | 0.41% | 69,101 | $55.0M | Add +4.7% |
| ADI Analog Devices Inc. | 0.40% | 217,254 | $53.4M | Reduce -0.7% |
| HON Honeywell International Inc. | 0.38% | 245,006 | $51.6M | Reduce -4.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.38% | 618,435 | $51.3M | Add +10.4% |
| XOM Exxon Mobil Corp. | 0.37% | 446,997 | $50.4M | Add +0.3% |
| TXN Texas Instruments Inc. | 0.37% | 267,288 | $49.1M | Reduce -0.8% |
| CVX Chevron Corp. | 0.36% | 314,747 | $48.9M | Add +3.5% |
| KO The Coca-Cola Co. | 0.35% | 714,513 | $47.4M | Reduce -4.4% |
| UNP Union Pacific Corp. | 0.35% | 199,774 | $47.2M | Reduce -0.0% |
| INTU Intuit Inc. | 0.35% | 68,989 | $47.1M | Add +0.4% |
| VZ Verizon Communications Inc. | 0.34% | 1,046,395 | $46.0M | Add +2.6% |
| ZTS Zoetis Inc. | 0.33% | 304,536 | $44.6M | Add +7.7% |
| ISRG Intuitive Surgical Inc. | 0.33% | 98,243 | $43.9M | Add +2.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 155,129 | $43.8M | Reduce -20.1% |
| HD Home Depot Inc. | 0.32% | 107,797 | $43.7M | Add +6.6% |
| INTC Intel Corp. | 0.32% | 1,289,228 | $43.3M | Add +3.3% |
| SBUX Starbucks Corp. | 0.32% | 510,788 | $43.2M | Reduce -11.3% |
| CEG Constellation Energy | 0.32% | 130,541 | $43.0M | Add +5.0% |
| SHOP Shopify Inc. Class A | 0.32% | 287,199 | $42.7M | Add +0.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.30% | 103,125 | $40.4M | Add +1.9% |
| JCI Johnson Controls Internation | 0.30% | 362,903 | $39.9M | Reduce -14.3% |
| DUK Duke Energy Corp. | 0.29% | 312,797 | $38.7M | Add +8.4% |
| NOW ServiceNow Inc. | 0.28% | 41,653 | $38.3M | Reduce -3.0% |
| ICE Intercontinental Exchange Inc. | 0.28% | 226,875 | $38.2M | Add +5.0% |
| CMI Cummins Inc. | 0.28% | 87,781 | $37.1M | Reduce -4.2% |
| LIN Linde PLC | 0.27% | 77,578 | $36.8M | Add +12.8% |
| WDAY Workday Inc. Class A | 0.27% | 151,880 | $36.6M | Add +27.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.26% | 71,767 | $35.2M | Add +2.0% |
| MRVL Marvell Technology Inc. | 0.26% | 418,144 | $35.2M | Add +20.9% |
| NEE Nextera Energy Inc. | 0.26% | 460,643 | $34.8M | Reduce -5.9% |
| BLK BlackRock Inc. | 0.26% | 29,795 | $34.7M | Reduce -3.0% |
| SNOW Snowflake Inc. | 0.26% | 152,965 | $34.5M | Add +3.0% |
| MDT Medtronic PLC | 0.26% | 361,897 | $34.5M | Reduce -9.5% |
| FTNT Fortinet Inc. | 0.24% | 391,076 | $32.9M | Reduce -13.9% |
| WMT Walmart Inc. | 0.24% | 317,110 | $32.7M | Add +9.3% |
| DE Deere & Co. | 0.24% | 70,556 | $32.3M | Reduce -6.8% |
| CRM Salesforce Inc. | 0.24% | 135,751 | $32.2M | Add +5.6% |
| CTAS Cintas Corp. | 0.24% | 155,088 | $31.8M | Add +10.2% |
| CPRT Copart Inc. | 0.23% | 696,823 | $31.3M | Add +26.2% |
| NOC Northrop Grumman Corp. | 0.23% | 51,318 | $31.3M | Add +17.9% |
| BX Blackstone Inc. | 0.23% | 182,766 | $31.2M | Reduce -4.9% |
| MNST Monster Beverage Corp. | 0.23% | 456,786 | $30.7M | Reduce -2.5% |
| AEP American Electric Power | 0.23% | 272,979 | $30.7M | Reduce -16.6% |
| ADSK Autodesk Inc. | 0.22% | 94,825 | $30.1M | Reduce -12.9% |
| PFE Pfizer Inc. | 0.22% | 1,166,552 | $29.7M | Add +1.7% |
| APD Air Products & Chemicals Inc. | 0.22% | 108,915 | $29.7M | Reduce -15.2% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 643,132 | $29.0M | Reduce -3.9% |
| PG The Procter & Gamble Co. | 0.22% | 188,448 | $29.0M | Add +13.9% |
| WFC Wells Fargo & Co. | 0.22% | 345,289 | $28.9M | Reduce -15.0% |
| WELL Welltower Inc. | 0.21% | 158,789 | $28.3M | Add +21.1% |
| CMG Chipotle Mexican Grill Inc. | 0.21% | 719,852 | $28.2M | Add +0.4% |
| MELI MercadoLibre Inc. | 0.21% | 11,986 | $28.0M | Reduce -0.4% |
| CDNS Cadence Design SYS Inc. | 0.21% | 78,785 | $27.7M | Add +2.7% |
| UNH Unitedhealth Group Inc. | 0.20% | 79,534 | $27.5M | Reduce -2.1% |
| NEM Newmont Corp. | 0.20% | 323,283 | $27.3M | Add +1.7% |
Options reported separately and not counted above: SPY puts ($153.6M), SPY calls ($153.6M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $24.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 24,791,000 | $24.1M | No change |
Total filed on the 13F, all lines: $13.5B.
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Reduce -1.6% | 1.91% | −0.22 |
| FTNT Fortinet Inc. | Reduce -13.9% | 0.24% | −0.15 |
| IBM Intl Business Machines Corp. | Reduce -20.1% | 0.33% | −0.14 |
| CSCO Cisco Systems Inc. | Reduce -2.8% | 0.99% | −0.14 |
| BKNG Booking Holdings Inc. | Reduce -1.5% | 0.66% | −0.13 |
| SBUX Starbucks Corp. | Reduce -11.3% | 0.32% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -5.7% | 0.97% | −0.11 |
| HON Honeywell International Inc. | Reduce -4.9% | 0.38% | −0.10 |
| PM Philip Morris International | Reduce -19.6% | 0.19% | −0.10 |
| WM Waste Management Inc. | Reduce -1.3% | 0.64% | −0.09 |
| TXN Texas Instruments Inc. | Reduce -0.8% | 0.37% | −0.09 |
| LULU Lululemon Athletica Inc. | Reduce -13.3% | 0.12% | −0.08 |
| PANW Palo Alto Networks Inc. | Reduce -6.3% | 0.47% | −0.08 |
| KO The Coca-Cola Co. | Reduce -4.4% | 0.35% | −0.08 |
| NOW ServiceNow Inc. | Reduce -3.0% | 0.28% | −0.07 |
| APD Air Products & Chemicals Inc. | Reduce -15.2% | 0.22% | −0.07 |
| DE Deere & Co. | Reduce -6.8% | 0.24% | −0.07 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.07 |
| GILD Gilead Sciences Inc. | Reduce -5.7% | 0.44% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -4.3% | 0.50% | −0.07 |
| JCI Johnson Controls Internation | Reduce -14.3% | 0.30% | −0.07 |
| SHW The Sherwin-Williams Co. | Reduce -5.2% | 0.42% | −0.06 |
| ADSK Autodesk Inc. | Reduce -12.9% | 0.22% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -15.0% | 0.22% | −0.05 |
| AEP American Electric Power | Reduce -16.6% | 0.23% | −0.05 |
| MELI MercadoLibre Inc. | Reduce -0.4% | 0.21% | −0.05 |
| CHTR Charter Communications Inc. Class A | Reduce -0.7% | 0.07% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -30.6% | 0.09% | −0.05 |
| EMN Eastman Chemical Co. | Reduce -4.7% | 0.12% | −0.04 |
| SYY Sysco Corp. | Reduce -17.7% | 0.18% | −0.04 |
| XMIOX Pioneer Muni High Inc. Opp | Sold out | 0.00% | −0.04 |
| EQIX Equinix Inc. | Reduce -20.4% | 0.10% | −0.04 |
| XMHIX Pioneer Muni High Inc. TR | Sold out | 0.00% | −0.04 |
| HSY The Hershey Co. | Reduce -32.0% | 0.09% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.9% | 0.22% | −0.04 |
| ITW Illinois Tool Works | Reduce -27.1% | 0.08% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -5.1% | 0.58% | −0.03 |
| XPMFX PIMCO Municipal Income Fund | Sold out | 0.00% | −0.03 |
| XPHTX Pioneer High Income Fund | Sold out | 0.00% | −0.03 |
| XPMAX Pioneer Municipal High Inc. | Sold out | 0.00% | −0.03 |
| AIZ Assurant Inc. | Reduce -25.5% | 0.09% | −0.03 |
| AXON Axon Enterprise Inc. | Reduce -0.9% | 0.11% | −0.03 |
| XPMQX PIMCO Muni Income Fund III | Sold out | 0.00% | −0.03 |
| CB Chubb Ltd. | Reduce -12.7% | 0.10% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -0.1% | 0.13% | −0.03 |
| MDT Medtronic PLC | Reduce -9.5% | 0.26% | −0.03 |
| FISV Fiserv Inc. | Reduce -30.8% | 0.02% | −0.03 |
| ADI Analog Devices Inc. | Reduce -0.7% | 0.40% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -2.9% | 0.12% | −0.03 |
| EOS Eaton Vance Enh Eqt Inc. II | Reduce -6.8% | 0.14% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.3% | 3.65% | +0.44 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +67.2% | 0.92% | +0.36 |
| SLV iShares Silver Trust | Add +85.9% | 0.54% | +0.29 |
| AVGO Broadcom Inc. | Add +1.3% | 2.82% | +0.28 |
| IVV iShares Core S&P 500 ETF | Add +65.5% | 0.68% | +0.26 |
| APP AppLovin Corp. Class A | Add +5.8% | 0.42% | +0.21 |
| LRCX Lam Research Corp. | Add +2.5% | 0.85% | +0.19 |
| PLTR Palantir Technologies Inc. Class A | Add +0.2% | 0.77% | +0.14 |
| MU Micron Technology Inc. | Add +2.2% | 0.62% | +0.13 |
| TRI Thomson Reuters Corp. | New | 0.12% | +0.12 |
| INTC Intel Corp. | Add +3.3% | 0.32% | +0.09 |
| ORLY O'reilly Automotive Inc. | Add +15.4% | 0.41% | +0.09 |
| DASH DoorDash Inc. Class A | Add +14.3% | 0.51% | +0.07 |
| ABBV Abbvie Inc. | Add +3.7% | 0.43% | +0.07 |
| GE General Electric | Add +141.1% | 0.11% | +0.07 |
| WBD Warner Bros Discovery Inc. | Add +25.8% | 0.12% | +0.06 |
| NOC Northrop Grumman Corp. | Add +17.9% | 0.23% | +0.06 |
| MCK McKesson Corp. | Add +291.6% | 0.08% | +0.06 |
| PML PIMCO Municipal Income FD II | Add +77.2% | 0.13% | +0.05 |
| ANET Arista Networks Inc. | Add +7.8% | 0.18% | +0.05 |
| NEM Newmont Corp. | Add +1.7% | 0.20% | +0.05 |
| AEM Agnico Eagle Mines Ltd. | Add +10.0% | 0.17% | +0.05 |
| B Barrick Mining Corp. | Add +1.8% | 0.16% | +0.05 |
| MRK Merck & Co. Inc. | Add +16.4% | 0.45% | +0.05 |
| JNJ Johnson & Johnson | Add +1.0% | 0.47% | +0.05 |
| SHOP Shopify Inc. Class A | Add +0.2% | 0.32% | +0.05 |
| WELL Welltower Inc. | Add +21.1% | 0.21% | +0.05 |
| TEAM Atlassian Corp. Class A | Add +188.9% | 0.09% | +0.04 |
| MRVL Marvell Technology Inc. | Add +20.9% | 0.26% | +0.04 |
| WDAY Workday Inc. Class A | Add +27.9% | 0.27% | +0.04 |
| WW WW International Inc.-New | New | 0.04% | +0.04 |
| PSKY Paramount Skydance Class B | New | 0.04% | +0.04 |
| JMBS Janus Henderson Mortg Backed | Add +35.8% | 0.18% | +0.04 |
| XEL Xcel Energy Inc. | Add +12.7% | 0.20% | +0.04 |
| CAT Caterpillar Inc. | Add +10.0% | 0.19% | +0.04 |
| TJX TJX Companies Inc. | Add +17.1% | 0.17% | +0.04 |
| ECL Ecolab Inc. | Add +164.8% | 0.06% | +0.03 |
| ORCL Oracle Corp. | Add +10.8% | 0.14% | +0.03 |
| GM General Motors Co. | Add +232.8% | 0.04% | +0.03 |
| AMAT Applied Materials Inc. | Add +2.0% | 0.77% | +0.03 |
| AMD Advanced Micro Devices | Add +0.4% | 0.70% | +0.03 |
| NAC Nuveen Ca QLTY Muni Inc. | Add +26.2% | 0.20% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +4.7% | 0.41% | +0.03 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +238.5% | 0.04% | +0.03 |
| MUC BlackRock Munihold Ca QLTY | Add +23.9% | 0.18% | +0.03 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Add +32.5% | 0.14% | +0.03 |
| NYF iShares New York Muni Bond E | Add +1423.1% | 0.03% | +0.03 |
| LLY Eli Lilly & Co. | Add +30.5% | 0.19% | +0.03 |
| FNV Franco-Nevada Corp. | Add +23.2% | 0.08% | +0.03 |
| PWZ Invesco California Amt-Free | Add +58.1% | 0.08% | +0.03 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +5.0% | 230,600 | $153.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +5.0% | 230,600 | $153.6M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Sold out | 7,500,000 | $7.1Mbefore exit |
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 | 1,701 | $15.5B | NVDA, MU, AAPL, LRCX, MSFT |
| Q1 2026 | 1,592 | $12.5B | NVDA, AAPL, MSFT, AVGO, AMZN |
| Q4 2025 | 1,737 | $13.6B | NVDA, AAPL, MSFT, AVGO, AMZN |
| Q3 2025 | 1,569 | $13.4B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q2 2025 | 1,580 | $12.3B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q1 2025 | 1,626 | $10.6B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 1,675 | $12.1B | NVDA, AAPL, MSFT, AMZN, AVGO |
| Q3 2024 | 1,851 | $14.1B | NVDA, AAPL, MSFT, AVGO, META |
| Q2 2024 | 1,851 | $13.9B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q1 2024 | 1,862 | $14.1B | MSFT, NVDA, AAPL, AMZN, META |