Healthcare of Ontario Pension Plan Trust Fund
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Healthcare of Ontario Pension Plan Trust Fund reported 1,219 stock positions worth $58.7 billion. Its top holding was Nvidia (NVDA) at 5.8% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.4%) and Invesco QQQ Trust Series 1 (QQQ, 3.2%). Compared with Q3 2025, it opened 354 new positions, sold out of 156, added to 299 and reduced 440. The biggest buy was Alphabet Class A (GOOGL, shares +301%) and the biggest sale Bank of America (BAC, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001535845
- Portfolio Value
- $58.7B (Q4 2025)
- SEC Filing
- 0001535845-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 1,219 stocks · $58.7B
| NVDA Nvidia Corp. | 5.78% | 18,186,752 | $3.4B | Add +30.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.36% | 3,752,537 | $2.6B | Reduce -2.0% |
| QQQ Invesco QQQ Trust Series 1 | 3.17% | 3,025,000 | $1.9B | Add +21.4% |
| IVV iShares Core S&P 500 ETF | 3.09% | 2,649,231 | $1.8B | Add +1.4% |
| AAPL Apple Inc. | 3.07% | 6,629,761 | $1.8B | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 2.90% | 5,281,754 | $1.7B | Add +9.3% |
| XBI SS SPDR S&P Biotech ETF | 2.62% | 12,592,500 | $1.5B | Reduce -8.9% |
| AVGO Broadcom Inc. | 2.43% | 4,118,675 | $1.4B | Reduce -11.7% |
| GOOGL Alphabet Inc. Class A | 2.33% | 4,374,570 | $1.4B | Add +300.9% |
| IWM iShares Russell 2000 ETF | 2.07% | 4,929,000 | $1.2B | Reduce -12.1% |
| CNQ Canadian Natural Resources | 1.97% | 34,060,000 | $1.2B | Reduce -0.8% |
| TD Toronto-Dominion Bank | 1.91% | 11,899,945 | $1.1B | Add +41.6% |
| MSFT Microsoft Corp. | 1.72% | 2,081,551 | $1.0B | Reduce -26.0% |
| XRT SS SPDR S&P Retail ETF | 1.62% | 11,121,000 | $948.5M | Add +16.0% |
| META Meta Platforms Inc. Class A | 1.43% | 1,269,176 | $837.8M | Add +16.1% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 1.31% | 8,449,145 | $766.0M | Reduce -13.3% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.19% | 9,447,941 | $696.9M | Add +6.6% |
| BKLN Invesco Senior Loan ETF | 1.17% | 32,787,987 | $688.5M | Add +13.0% |
| XLI SS Industrial Select Sector | 1.04% | 3,928,000 | $609.3M | Add +26.7% |
| KRE SS SPDR S&P Regional Bank | 0.99% | 8,964,000 | $581.0M | Add +6.2% |
| TSLA Tesla Inc. | 0.91% | 1,191,019 | $535.6M | Add +11.0% |
| TRP TC Energy Corp. | 0.90% | 9,579,034 | $527.5M | Reduce -32.5% |
| RY Royal Bank of Canada | 0.86% | 2,966,955 | $505.9M | Reduce -13.6% |
| GOOG Alphabet Inc. Class C | 0.85% | 1,592,244 | $499.6M | Add +5.7% |
| RSP Invesco S&P 500 Equal Weight | 0.80% | 2,460,000 | $471.2M | Add +13.1% |
| MU Micron Technology Inc. | 0.73% | 1,503,000 | $429.0M | Reduce -15.2% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.72% | 3,267,462 | $424.4M | Reduce -0.2% |
| SRLN SS Blackstone Sr Loan ETF | 0.69% | 9,757,441 | $402.7M | Reduce -9.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.68% | 7,227,587 | $397.5M | Reduce -60.1% |
| XOP SS SPDR S&P Og Exp & Prod | 0.67% | 3,099,500 | $391.3M | Add +1.7% |
| XLP SS Consumer Staples Sel Sect | 0.66% | 4,995,000 | $388.0M | Reduce -23.4% |
| AMZN Amazon.com Inc. | 0.62% | 1,586,752 | $366.3M | Reduce -2.7% |
| SOXX iShares Semiconductor ETF | 0.61% | 1,180,000 | $355.4M | Reduce -25.6% |
| GS Goldman Sachs Group Inc. | 0.52% | 347,856 | $305.8M | Add +7.4% |
| BN Brookfield Corp. | 0.50% | 6,332,685 | $290.8M | Add +116.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.48% | 557,859 | $280.4M | Reduce -19.1% |
| CVE Cenovus Energy Inc. | 0.44% | 15,414,179 | $260.8M | Add +440.9% |
| MA Mastercard Inc. Class A | 0.44% | 453,882 | $259.1M | Reduce -36.9% |
| AMAT Applied Materials Inc. | 0.42% | 949,480 | $244.0M | Reduce -19.7% |
| WFC Wells Fargo & Co. | 0.40% | 2,523,094 | $235.2M | Add +9.3% |
| XLY SS Consumer Disc Select Sect | 0.39% | 1,920,000 | $229.3M | Add +4.3% |
| CSCO Cisco Systems Inc. | 0.38% | 2,918,067 | $224.8M | Add +125.3% |
| EQIX Equinix Inc. | 0.37% | 285,617 | $218.8M | Reduce -35.8% |
| GILD Gilead Sciences Inc. | 0.37% | 1,762,692 | $216.4M | Add +293.0% |
| COST Costco Wholesale Corp. | 0.36% | 247,238 | $213.2M | Add +13.9% |
| SBUX Starbucks Corp. | 0.35% | 2,412,169 | $203.1M | Add +11.1% |
| BP BP PLC-Spons ADR | 0.34% | 5,750,000 | $199.7M | No change |
| JNJ Johnson & Johnson | 0.33% | 946,755 | $195.9M | Add +21.6% |
| SHOP Shopify Inc. Class A | 0.33% | 1,215,033 | $195.6M | Reduce -14.8% |
| TGT Target Corp. | 0.32% | 1,912,963 | $187.0M | Add +6639.1% |
| IWB iShares Russell 1000 ETF | 0.32% | 499,000 | $186.3M | Add +8.0% |
| XLE SS Energy Select Sector | 0.32% | 4,159,000 | $185.9M | Add +54.0% |
| MPWR Monolithic Power Systems Inc. | 0.31% | 202,864 | $183.9M | Add +73.5% |
| PNC PNC Financial Services Group | 0.31% | 880,602 | $183.8M | Add +415.9% |
| PFE Pfizer Inc. | 0.31% | 7,195,296 | $179.2M | Reduce -23.9% |
| MS Morgan Stanley | 0.31% | 1,009,149 | $179.2M | Add +30.1% |
| ADI Analog Devices Inc. | 0.30% | 655,399 | $177.7M | Add +155.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 1,558,575 | $177.3M | Add +280.9% |
| XLV SS Health Care Select Sector | 0.30% | 1,135,000 | $175.7M | No change |
| MAR Marriott International Class A | 0.30% | 559,985 | $173.7M | Add +11.8% |
| OIH Vaneck Oil Services ETF | 0.30% | 609,000 | $173.4M | Add +5.4% |
| WBD Warner Bros Discovery Inc. | 0.29% | 5,981,814 | $172.4M | Add +509.5% |
| SCHW Schwab (charles) Corp. | 0.29% | 1,705,130 | $170.4M | Reduce -7.8% |
| PEP Pepsico Inc. | 0.29% | 1,186,787 | $170.3M | Add +65.2% |
| LIN Linde PLC | 0.28% | 387,341 | $165.2M | Add +30.1% |
| PGR Progressive Corp. | 0.28% | 723,181 | $164.7M | Reduce -16.5% |
| ITB iShares U.S. Home Constructi | 0.28% | 1,704,500 | $164.1M | Add +102.9% |
| SMH Vaneck Semiconductor ETF | 0.28% | 450,000 | $162.1M | Reduce -43.8% |
| QCOM Qualcomm Inc. | 0.27% | 943,321 | $161.4M | Add +79.8% |
| VZ Verizon Communications Inc. | 0.27% | 3,954,683 | $161.1M | Add +51.0% |
| ICE Intercontinental Exchange Inc. | 0.26% | 946,540 | $153.3M | Add +86.6% |
| CMI Cummins Inc. | 0.26% | 297,783 | $152.0M | Add +1074.5% |
| ETN Eaton Corp. PLC | 0.26% | 475,354 | $151.4M | Reduce -17.4% |
| MFC Manulife Financial Corp. | 0.26% | 4,124,519 | $149.8M | Add +931.1% |
| NFLX Netflix Inc. | 0.25% | 1,594,017 | $149.5M | Reduce -22.4% |
| ODFL Old Dominion Freight Line | 0.25% | 936,308 | $146.8M | Add +346.4% |
| ACN Accenture PLC Class A | 0.24% | 533,515 | $143.1M | Add +328.0% |
| ON On Semiconductor | 0.23% | 2,509,906 | $135.9M | Reduce -18.3% |
| HBAN Huntington Bancshares Inc. | 0.22% | 7,553,963 | $131.1M | Add +18.0% |
| XOM Exxon Mobil Corp. | 0.22% | 1,073,680 | $129.2M | Reduce -59.9% |
| AMD Advanced Micro Devices | 0.21% | 588,209 | $126.0M | Reduce -54.8% |
| ITW Illinois Tool Works | 0.21% | 509,436 | $125.5M | Add +8.5% |
| FISV Fiserv Inc. | 0.21% | 1,849,567 | $124.2M | Add +2155.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.21% | 1,535,122 | $123.8M | Reduce -32.8% |
| AMGN Amgen Inc. | 0.21% | 376,191 | $123.1M | Reduce -14.7% |
| COIN Coinbase Global Inc. Class A | 0.20% | 530,593 | $120.0M | New |
| HD Home Depot Inc. | 0.20% | 347,115 | $119.4M | Reduce -51.3% |
| PLD Prologis Inc. | 0.20% | 916,253 | $117.0M | Add +681.3% |
| NEE Nextera Energy Inc. | 0.20% | 1,447,329 | $116.2M | Add +1.1% |
| EMB iShares JP Morgan Usd Emergi | 0.20% | 1,200,000 | $115.5M | New |
| CZR Caesars Entertainment Inc. | 0.20% | 4,938,000 | $115.5M | Add +246899900.0% |
| DHR Danaher Corp. | 0.20% | 501,851 | $114.9M | Add +1517.4% |
| PYPL PayPal Holdings Inc. | 0.19% | 1,944,522 | $113.5M | Add +139.3% |
| COF Capital One Financial Corp. | 0.19% | 462,231 | $112.0M | Add +51.0% |
| IWO iShares Russell 2000 Growth | 0.19% | 341,500 | $110.3M | Add +182.2% |
| ABT Abbott Laboratories | 0.19% | 875,340 | $109.7M | Add +40.3% |
| GTLS Chart Industries Inc. | 0.19% | 531,774 | $109.7M | Add +343.1% |
| GPN Global Payments Inc. | 0.19% | 1,412,128 | $109.3M | Add +93.8% |
| MCHP Microchip Technology Inc. | 0.18% | 1,702,618 | $108.5M | Reduce -19.9% |
| DLR Digital Realty Trust Inc. | 0.18% | 692,764 | $107.2M | Add +271.1% |
Options reported separately and not counted above: SPY puts ($265.9M), HYG puts ($120.9M), SPY calls ($102.3M), IEF calls ($48.1M), XLE calls ($44.7M), LQD puts ($44.1M), TLT calls ($19.6M), XLI calls ($15.5M), XLF calls ($13.7M), TLT puts ($10.9M), EEM calls ($8.2M), FLO puts ($5.4M), and 2 more.
Other holdings (134): bonds, preferreds, convertibles and warrants · $394.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 10,000,000 | $45.9M | Reduce -23.1% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 200,000 | $25.2M | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 15,000,000 | $23.3M | Reduce -77.9% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 22,500,000 | $23.1M | Add +104.5% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 15,000,000 | $21.0M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 15,000,000 | $20.0M | Add +50.0% |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 10,000,000 | $20.0M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 17,500,000 | $19.7M | Reduce -22.2% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 16,000,000 | $18.7M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 270,000 | $18.0M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 17,500,000 | $17.3M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 16,000,000 | $16.5M | Add +23.1% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 8,500,000 | $14.0M | Reduce -22.7% |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 3,000,000 | $12.8M | Reduce -50.0% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 7,500,000 | $11.6M | No change |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 10,000,000 | $11.3M | Add +100.0% |
| SILVERCORP METALS INC | NOTE 4.750%12/1 · principal | 4,667,000 | $9.5M | New |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 5,000,000 | $8.0M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 6,000,000 | $7.8M | Add +71.4% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 7,500,000 | $7.6M | No change |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 7,500,000 | $7.3M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 5,000,000 | $6.2M | No change |
| KYIVW Kyivstar Group Ltd. -30 | *W EXP 08/14/203 | 583,333 | $2.2M | No change |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 1,480,000 | $2.2M | New |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 2,475,000 | $1.8M | No change |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 200,000 | $1.5M | No change |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 1,519,667 | $1.2M | No change |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 1,500,000 | $1.2M | New |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 1,000,000 | $985K | No change |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 2,000,000 | $740K | No change |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 250,000 | $713K | No change |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 2,200,000 | $704K | No change |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 2,400,000 | $600K | No change |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 1,500,000 | $585K | No change |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 09/25/203 | 375,000 | $574K | No change |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 600,000 | $558K | No change |
| PMTRW Perimeter Acquis Corp. I -30 | *W EXP 05/13/203 | 750,000 | $531K | No change |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 1,400,000 | $504K | No change |
| FACWW Cartesian Growth Corp. -30 | *W EXP 05/02/203 | 625,000 | $500K | No change |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 660,000 | $452K | No change |
| HVIIR Hennessy Capital Investment | RIGHT 01/17/2030 | 1,500,000 | $419K | No change |
| NPACW New Providence Acq A -CW28 | *W EXP 04/24/203 | 733,333 | $371K | No change |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | 500,000 | $350K | New |
| TACHW Titan Acquisition Corp -30 | *W EXP 05/16/203 | 1,000,000 | $350K | No change |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 1,800,000 | $315K | No change |
| RDAGW Republic Digital Acqu - 30 | *W EXP 05/01/203 | 500,000 | $300K | No change |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | 583,333 | $298K | Add +0.1% |
| NHICW Newhold Investment Corp. - 30 | *W EXP 01/30/203 | 625,000 | $294K | No change |
| XRPNW Armada Acquisition Corp - A | *W EXP 05/21/203 | 350,000 | $287K | No change |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 875,000 | $276K | No change |
| ATIIW Archimedes Tech-30 | *W EXP 10/15/202 | 500,000 | $275K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 175,000 | $271K | No change |
| GPATW GP-Act III Acq Class A -CW27 | *W EXP 05/13/202 | 937,500 | $253K | No change |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 340,000 | $241K | No change |
| DRDBW Roman DBDR Acquisition -30 | *W EXP 10/31/203 | 375,000 | $218K | No change |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 700,000 | $210K | No change |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 500,000 | $205K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 600,000 | $200K | No change |
| APADR A Paradise Acquisition Corp. | RIGHT 07/29/2025 | 800,000 | $200K | No change |
| JENA ACQUISITION CORP II-RTS | RIGHT 03/31/2030 | 1,000,000 | $196K | No change |
| SBXWF Silverbox Corp. IV-A- 29 | *W EXP 08/19/202 | 666,666 | $187K | No change |
| LKSPR Lake Superior Acquisition Co. | RIGHT 09/19/2030 | 100,000 | $186K | New |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 500,000 | $185K | No change |
| DAAQW Digital Asset Acquisition-30 | *W EXP 04/01/203 | 400,000 | $184K | No change |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 750,000 | $180K | No change |
| PAII.WS Pyrophyte Acquisition Corp. I | *W EXP 07/30/203 | 450,000 | $180K | No change |
| RAAQW REAL ASSET AQC Corp -30 | *W EXP 04/24/203 | 400,000 | $180K | No change |
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | 9,343 | $179K | No change |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 58,964 | $177K | New |
| FACTW Fact II Acquisition Corp. -29 | *W EXP 11/26/203 | 500,000 | $175K | No change |
| HVMCW Highview Merger Corp. - 30 | *W EXP 07/24/203 | 625,000 | $169K | No change |
| GFUZW Spring Valley Acq Co. -30 | *W EXP 09/04/203 | 266,666 | $166K | No change |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | 650,000 | $163K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 333,565 | $160K | No change |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | 333,333 | $160K | No change |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 333,333 | $159K | New |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 600,000 | $151K | No change |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 175,000 | $149K | No change |
| SVCCW Stellar V Capital Corp.-Class-29 | *W EXP 10/15/202 | 450,000 | $149K | No change |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 700,000 | $147K | No change |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 416,666 | $146K | No change |
| WENNW Wen Acquisition Corp.-A -31 | *W EXP 99/99/999 | 450,000 | $140K | No change |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 450,000 | $140K | No change |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 650,000 | $137K | No change |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 366,666 | $136K | No change |
| PLMKW Plum Acquisition Corp. IV-30 | *W EXP 08/19/202 | 500,000 | $135K | No change |
| BDCIW BTC Development Corp. - 30 | *W EXP 09/11/203 | 187,500 | $128K | No change |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | 325,000 | $114K | New |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 425,050 | $106K | No change |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 84,194 | $96K | No change |
| SPEGR Silver Pegasus Acquisition C | RIGHT 06/26/2030 | 400,000 | $96K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 225,000 | $92K | No change |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 450,000 | $90K | No change |
| PACHW Pioneer Acquisition I Corp. | *W EXP 06/16/203 | 325,000 | $85K | No change |
| SOCAW Solarius Capital Acqui -30 | *W EXP 07/10/203 | 300,000 | $84K | No change |
| OBAWW Oxley Bridge Acq Ltd. -30 | *W EXP 06/17/203 | 375,000 | $83K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 200,000 | $81K | No change |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 375,000 | $81K | No change |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 9,343 | $78K | No change |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 350,000 | $67K | No change |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 66,666 | $60K | New |
| PEW.WS Grabagun Digital Holdings Inc. | *W EXP 99/99/999 | 158,774 | $60K | No change |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 33,333 | $53K | No change |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 | 150,000 | $41K | No change |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 119,171 | $38K | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 8,333 | $37K | No change |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | 62,500 | $36K | New |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 117,374 | $35K | No change |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 66,666 | $35K | New |
| MDAIW Spectral AI -CW27 | *W EXP 09/11/202 | 66,666 | $30K | No change |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 125,000 | $28K | No change |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 66,666 | $27K | New |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 66,666 | $21K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 101,400 | $20K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 62,500 | $17K | No change |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 250,000 | $16K | No change |
| PSNYW Polestar Auto Class C-1 ADS | ADS CL C-1 | 2,342 | $15K | No change |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 93,325 | $14K | No change |
| STLNW Oncology Institute Inc. CW-22 | *W EXP 99/99/999 | 87,500 | $14K | No change |
| ARQQW Arqit Quantum Inc. -CW26 | *W EXP 09/03/202 | 73,728 | $11K | No change |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 50,000 | $11K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 125,000 | $6K | No change |
| GDEV INC | *W EXP 99/99/999 | 259,582 | $6K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 65,694 | $5K | No change |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | 94,133 | $5K | No change |
| CELULARITY INC | *W EXP 07/16/202 | 350,000 | $5K | No change |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 75,000 | $4K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 56,005 | $857 | No change |
| SWVLW Pivotal Holdings Corp. -CW27 | *W EXP 99/99/999 | 96,266 | $732 | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 76,085 | $685 | No change |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 800 | $328 | No change |
| PIIIW P3 Health Partne -CW27 | *W EXP 11/19/202 | 8,333 | $83 | No change |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 333 | $6 | No change |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,202 | $0 | No change |
Total filed on the 13F, all lines: $59.1B.
Portfolio Sells Q3 2025 → Q4 2025
| BAC Bank of America Corp. | Reduce -60.1% | 0.68% | −1.06 |
| MSFT Microsoft Corp. | Reduce -26.0% | 1.72% | −1.00 |
| TRP TC Energy Corp. | Reduce -32.5% | 0.90% | −0.54 |
| IWM iShares Russell 2000 ETF | Reduce -12.1% | 2.07% | −0.46 |
| AVGO Broadcom Inc. | Reduce -11.7% | 2.43% | −0.44 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.0% | 4.36% | −0.39 |
| XOM Exxon Mobil Corp. | Reduce -59.9% | 0.22% | −0.34 |
| TXN Texas Instruments Inc. | Reduce -61.2% | 0.17% | −0.34 |
| HD Home Depot Inc. | Reduce -51.3% | 0.20% | −0.34 |
| MA Mastercard Inc. Class A | Reduce -36.9% | 0.44% | −0.32 |
| XLP SS Consumer Staples Sel Sect | Reduce -23.4% | 0.66% | −0.29 |
| EQIX Equinix Inc. | Reduce -35.8% | 0.37% | −0.28 |
| KLAC KLA Corp. | Reduce -70.3% | 0.11% | −0.24 |
| BA The Boeing Co. | Reduce -68.2% | 0.10% | −0.24 |
| O Realty Income Corp. | Reduce -98.3% | 0.00% | −0.23 |
| DUK Duke Energy Corp. | Reduce -79.1% | 0.05% | −0.23 |
| SMH Vaneck Semiconductor ETF | Reduce -43.8% | 0.28% | −0.21 |
| NFLX Netflix Inc. | Reduce -22.4% | 0.25% | −0.20 |
| SOXX iShares Semiconductor ETF | Reduce -25.6% | 0.61% | −0.20 |
| CMCSA Comcast Corp. Class A | Reduce -70.2% | 0.06% | −0.18 |
| VST Vistra Corp. | Reduce -89.8% | 0.01% | −0.18 |
| AMD Advanced Micro Devices | Reduce -54.8% | 0.21% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -19.1% | 0.48% | −0.17 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.17 |
| BRO Brown & Brown Inc. | Reduce -38.5% | 0.15% | −0.17 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -96.2% | 0.00% | −0.16 |
| NXPI NXP Semiconductors NV | Reduce -66.4% | 0.06% | −0.15 |
| SLF Sun Life Financial Inc. | Reduce -95.0% | 0.01% | −0.15 |
| KKR KKR & Co. Inc. | Reduce -72.1% | 0.05% | −0.15 |
| CM Can Imperial BK of Commerce | Reduce -13.3% | 1.31% | −0.15 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -9.0% | 0.69% | −0.14 |
| PFE Pfizer Inc. | Reduce -23.9% | 0.31% | −0.14 |
| ETN Eaton Corp. PLC | Reduce -17.4% | 0.26% | −0.14 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -32.8% | 0.21% | −0.14 |
| NDAQ Nasdaq Inc. | Reduce -97.8% | 0.00% | −0.13 |
| INTC Intel Corp. | Reduce -54.4% | 0.11% | −0.13 |
| ADBE Adobe Inc. | Reduce -43.2% | 0.13% | −0.12 |
| PGR Progressive Corp. | Reduce -16.5% | 0.28% | −0.12 |
| CRM Salesforce Inc. | Reduce -56.4% | 0.09% | −0.11 |
| CCI Crown Castle Inc. | Reduce -84.8% | 0.02% | −0.11 |
| FAST Fastenal Co. | Reduce -60.5% | 0.05% | −0.11 |
| ORCL Oracle Corp. | Reduce -17.6% | 0.11% | −0.10 |
| WELL Welltower Inc. | Reduce -92.0% | 0.01% | −0.10 |
| SOBO South Bow Corp. | Sold out | 0.00% | −0.10 |
| EOG EOG Resources Inc. | Reduce -32.5% | 0.14% | −0.10 |
| IGV iShares Expanded Tech-Softwa | Reduce -31.8% | 0.14% | −0.10 |
| WAY Waystar Holding Corp. | Reduce -62.5% | 0.04% | −0.10 |
| FTNT Fortinet Inc. | Reduce -48.6% | 0.08% | −0.10 |
| MSI Motorola Solutions Inc. | Reduce -66.1% | 0.03% | −0.09 |
| UPS United Parcel Service Class B | Reduce -55.5% | 0.09% | −0.09 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +300.9% | 2.33% | +1.84 |
| NVDA Nvidia Corp. | Add +30.2% | 5.78% | +0.92 |
| TD Toronto-Dominion Bank | Add +41.6% | 1.91% | +0.66 |
| QQQ Invesco QQQ Trust Series 1 | Add +21.4% | 3.17% | +0.38 |
| CVE Cenovus Energy Inc. | Add +440.9% | 0.44% | +0.35 |
| TGT Target Corp. | Add +6639.1% | 0.32% | +0.31 |
| GILD Gilead Sciences Inc. | Add +293.0% | 0.37% | +0.28 |
| WBD Warner Bros Discovery Inc. | Add +509.5% | 0.29% | +0.26 |
| PNC PNC Financial Services Group | Add +415.9% | 0.31% | +0.25 |
| BN Brookfield Corp. | Add +116.0% | 0.50% | +0.25 |
| CMI Cummins Inc. | Add +1074.5% | 0.26% | +0.24 |
| MFC Manulife Financial Corp. | Add +931.1% | 0.26% | +0.23 |
| CSCO Cisco Systems Inc. | Add +125.3% | 0.38% | +0.22 |
| DIS The Walt Disney Co. | Add +280.9% | 0.30% | +0.21 |
| COIN Coinbase Global Inc. Class A | New | 0.20% | +0.20 |
| EMB iShares JP Morgan Usd Emergi | New | 0.20% | +0.20 |
| CZR Caesars Entertainment Inc. | Add +246899900.0% | 0.20% | +0.20 |
| ODFL Old Dominion Freight Line | Add +346.4% | 0.25% | +0.20 |
| FISV Fiserv Inc. | Add +2155.1% | 0.21% | +0.19 |
| ACN Accenture PLC Class A | Add +328.0% | 0.24% | +0.19 |
| ADI Analog Devices Inc. | Add +155.6% | 0.30% | +0.19 |
| DHR Danaher Corp. | Add +1517.4% | 0.20% | +0.18 |
| PLD Prologis Inc. | Add +681.3% | 0.20% | +0.17 |
| GDX Vaneck Gold Miners ETF | New | 0.17% | +0.17 |
| SU Suncor Energy Inc. | Add +5468.8% | 0.17% | +0.17 |
| GOOG Alphabet Inc. Class C | Add +5.7% | 0.85% | +0.17 |
| AMT American Tower Corp. | Add +2751.9% | 0.16% | +0.15 |
| XLI SS Industrial Select Sector | Add +26.7% | 1.04% | +0.15 |
| GTLS Chart Industries Inc. | Add +343.1% | 0.19% | +0.14 |
| INDV Indivior Ltd. | New | 0.14% | +0.14 |
| BNY Bank of New York Mellon Corp. | Add +2478.9% | 0.14% | +0.14 |
| STX Seagate Technology Holdings | Add +3380.4% | 0.14% | +0.13 |
| DLR Digital Realty Trust Inc. | Add +271.1% | 0.18% | +0.12 |
| BNS Bank of Nova Scotia | Add +6.6% | 1.19% | +0.12 |
| IWO iShares Russell 2000 Growth | Add +182.2% | 0.19% | +0.12 |
| MPWR Monolithic Power Systems Inc. | Add +73.5% | 0.31% | +0.11 |
| QCOM Qualcomm Inc. | Add +79.8% | 0.27% | +0.11 |
| ITB iShares U.S. Home Constructi | Add +102.9% | 0.28% | +0.11 |
| USB US Bancorp | Add +325.2% | 0.15% | +0.11 |
| MDLN Medline Inc. Class A | New | 0.11% | +0.11 |
| TERN Terns Pharmaceuticals Inc. | New | 0.10% | +0.10 |
| MCO Moody's Corp. | Add +331.7% | 0.14% | +0.10 |
| PEP Pepsico Inc. | Add +65.2% | 0.29% | +0.10 |
| ICE Intercontinental Exchange Inc. | Add +86.6% | 0.26% | +0.10 |
| GDXJ Vaneck Junior Gold Miners | New | 0.10% | +0.10 |
| NVMI Nova Ltd. | New | 0.10% | +0.10 |
| WMT Walmart Inc. | Add +273.4% | 0.13% | +0.09 |
| XLE SS Energy Select Sector | Add +54.0% | 0.32% | +0.09 |
| PYPL PayPal Holdings Inc. | Add +139.3% | 0.19% | +0.09 |
| MRVL Marvell Technology Inc. | Add +257.9% | 0.13% | +0.09 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -10.3% | 390,000 | $265.9M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -31.8% | 1,500,000 | $120.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -48.3% | 150,000 | $102.3M |
| IEF iShares 7-10 Year Treasury B | call | New | 500,000 | $48.1M |
| XLE SS Energy Select Sector | call | New | 1,000,000 | $44.7M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Reduce -86.7% | 400,000 | $44.1M |
| TLT iShares 20+ Year Treasury BD | call | Reduce -55.0% | 225,000 | $19.6M |
| XLI SS Industrial Select Sector | call | New | 100,000 | $15.5M |
| XLF SS Financial Select Sector | call | New | 250,000 | $13.7M |
| INDA iShares MSCI India ETF | call | Sold out | 250,000 | $13.0Mbefore exit |
| TLT iShares 20+ Year Treasury BD | put | New | 125,000 | $10.9M |
| EEM iShares MSCI Emerging Market | call | Reduce -77.3% | 150,000 | $8.2M |
| FLO Flowers Foods Inc. | put | New | 500,000 | $5.4M |
| UVXY Proshares Ultra Vix St Futur | put | Add +400.0% | 100,000 | $3.6M |
| LCID Lucid Group Inc. | put | Sold out | 50,000 | $1.2Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -23.1% | 10,000,000 | $45.9M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -77.9% | 15,000,000 | $23.3M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Add +104.5% | 22,500,000 | $23.1M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Add +50.0% | 15,000,000 | $20.0M |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | New | 10,000,000 | $20.0M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Reduce -22.2% | 17,500,000 | $19.7M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | New | 17,500,000 | $17.3M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +23.1% | 16,000,000 | $16.5M |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Sold out | 16,000,000 | $15.8Mbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Sold out | 225,000 | $15.7Mbefore exit |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | Sold out | 11,500,000 | $14.7Mbefore exit |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Reduce -22.7% | 8,500,000 | $14.0M |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | Reduce -50.0% | 3,000,000 | $12.8M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Add +100.0% | 10,000,000 | $11.3M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Sold out | 10,000,000 | $11.1Mbefore exit |
| SILVERCORP METALS INC | NOTE 4.750%12/1 · principal | New | 4,667,000 | $9.5M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 7,500,000 | $9.2Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +71.4% | 6,000,000 | $7.8M |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | New | 7,500,000 | $7.3M |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | Sold out | 3,000,000 | $6.7Mbefore exit |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | Sold out | 12,500,000 | $6.0Mbefore exit |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Sold out | 5,000,000 | $5.1Mbefore exit |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 4,500,000 | $5.0Mbefore exit |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Sold out | 3,000,000 | $3.3Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 9,000,000 | $2.8Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Sold out | 8,925,000 | $2.8Mbefore exit |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | New | 1,480,000 | $2.2M |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | Sold out | 1,750,000 | $1.6Mbefore exit |
| USA RARE EARTH INC | *W EXP 03/13/203 | Sold out | 200,000 | $1.4Mbefore exit |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | New | 1,500,000 | $1.2M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 3,000,000 | $930Kbefore exit |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | Sold out | 500,000 | $555Kbefore exit |
| SVIAW Procap Financial Inc. | *W EXP 12/05/203 | New | 500,000 | $350K |
| TLNCW Talon Capital Corp.-30 | *W EXP 08/27/203 | Add +0.1% | 583,333 | $298K |
| LKSPR Lake Superior Acquisition Co. | RIGHT 09/19/2030 | New | 100,000 | $186K |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | New | 58,964 | $177K |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | New | 333,333 | $159K |
| KOYNW CSLM Digital Asset Acquisiti | *W EXP 08/28/203 | New | 325,000 | $114K |
| PCAPW Procap Acq Corp. A -30 | *W EXP 05/16/203 | Sold out | 133,333 | $89Kbefore exit |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 66,666 | $60K |
| ONCHW 1RT Acquisition Corp.-A -31 | *W EXP 06/26/203 | New | 62,500 | $36K |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | Sold out | 250,000 | $35Kbefore exit |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 66,666 | $35K |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | Sold out | 100,000 | $27Kbefore exit |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 66,666 | $27K |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | Sold out | 250,000 | $20Kbefore exit |
| RBOT.WS Vicarious Surgical Inc.-CW27 | *W EXP 09/17/202 | Sold out | 625,000 | $13Kbefore exit |
| AMBWQ Ambipar Emergency Respons-28 | *W EXP 03/03/202 | Sold out | 200,000 | $8Kbefore exit |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | Sold out | 400,000 | $5Kbefore exit |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | Sold out | 333,333 | $3Kbefore 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 | 1,249 | $69.7B | NVDA, IVV, JPM, IWM, XBI |
| Q1 2026 | 1,281 | $60.0B | NVDA, JPM, AAPL, CNQ, IVV |
| Q4 2025 | 1,219 | $58.7B | NVDA, SPY, QQQ, IVV, AAPL |
| Q3 2025 | 1,021 | $53.6B | NVDA, SPY, IVV, AAPL, AVGO |
| Q2 2025 | 937 | $49.4B | SPY, NVDA, MSFT, IVV, QQQ |
| Q1 2025 | 980 | $44.9B | AAPL, NVDA, IWM, MSFT, SPY |
| Q4 2024 | 865 | $46.4B | NVDA, SPY, AAPL, IVV, QQQ |
| Q3 2024 | 877 | $40.9B | IWM, SPY, AAPL, NVDA, MSFT |
| Q2 2024Amended | 882 | $33.7B | SPY, IWM, AAPL, MSFT, QQQ |
| Q1 2024 | 815 | $28.4B | SPY, IWM, MSFT, AAPL, QQQ |