HSBC Holdings PLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), HSBC Holdings PLC reported 2,539 stock positions worth $149.9 billion. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Apple (AAPL, 6.0%) and Nvidia (NVDA, 5.7%). Compared with Q4 2024, it opened 161 new positions, sold out of 249, added to 1,097 and reduced 1,232. The biggest buy was Meta Platforms Class A (META, shares +8%) and the biggest sale Nvidia (NVDA, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0000873630
- Portfolio Value
- $149.9B (Q1 2025)
- SEC Filing
- 0000873630-25-000002 ↗ filed May 14, 2025
Holdings Value
Holdings 2,539 stocks · $149.9B
| MSFT Microsoft Corp. | 6.10% | 24,461,859 | $9.1B | Add +2.5% |
| AAPL Apple Inc. | 6.02% | 40,703,393 | $9.0B | Add +3.1% |
| NVDA Nvidia Corp. | 5.72% | 79,812,461 | $8.6B | Reduce -8.2% |
| AMZN Amazon.com Inc. | 3.23% | 25,454,946 | $4.8B | Add +1.1% |
| META Meta Platforms Inc. Class A | 2.50% | 6,520,032 | $3.7B | Add +7.6% |
| GOOGL Alphabet Inc. Class A | 2.13% | 20,689,362 | $3.2B | Add +19.1% |
| GOOG Alphabet Inc. Class C | 1.46% | 13,987,723 | $2.2B | Reduce -6.2% |
| AVGO Broadcom Inc. | 1.45% | 13,052,918 | $2.2B | Reduce -5.1% |
| TSLA Tesla Inc. | 1.39% | 8,051,782 | $2.1B | Add +0.2% |
| V Visa Inc. Class A | 1.35% | 5,791,124 | $2.0B | Add +5.6% |
| JPM JPMorgan Chase & Co. | 1.22% | 7,491,760 | $1.8B | Add +2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.22% | 3,432,444 | $1.8B | Reduce -3.3% |
| LLY Eli Lilly & Co. | 1.17% | 2,133,186 | $1.8B | Add +2.5% |
| JNJ Johnson & Johnson | 1.04% | 9,362,476 | $1.6B | Reduce -5.2% |
| UNH Unitedhealth Group Inc. | 0.88% | 2,511,853 | $1.3B | Add +2.0% |
| CSCO Cisco Systems Inc. | 0.80% | 19,387,358 | $1.2B | Reduce -3.6% |
| HD Home Depot Inc. | 0.75% | 3,085,474 | $1.1B | Reduce -1.7% |
| FER Ferrovial NV | 0.74% | 24,913,875 | $1.1B | Add +0.8% |
| BABA Alibaba Group Holding-SP ADR | 0.73% | 8,272,211 | $1.1B | Reduce -20.1% |
| XOM Exxon Mobil Corp. | 0.71% | 8,906,319 | $1.1B | Reduce -8.5% |
| PG The Procter & Gamble Co. | 0.69% | 6,062,603 | $1.0B | Reduce -3.9% |
| COST Costco Wholesale Corp. | 0.66% | 1,049,423 | $990.7M | Reduce -0.1% |
| NFLX Netflix Inc. | 0.64% | 1,038,132 | $965.0M | Reduce -5.6% |
| WMT Walmart Inc. | 0.63% | 10,765,157 | $941.8M | Reduce -2.6% |
| ABBV Abbvie Inc. | 0.62% | 4,435,648 | $927.1M | Reduce -2.5% |
| KO The Coca-Cola Co. | 0.58% | 12,157,202 | $870.2M | Reduce -8.3% |
| CRM Salesforce Inc. | 0.51% | 2,841,538 | $761.1M | Reduce -20.6% |
| MA Mastercard Inc. Class A | 0.49% | 1,326,336 | $727.0M | Add +4.9% |
| MRK Merck & Co. Inc. | 0.48% | 8,006,266 | $717.4M | Reduce -5.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 16,889,294 | $702.3M | Add +2.0% |
| NOW ServiceNow Inc. | 0.46% | 878,721 | $693.8M | Add +13.5% |
| PEP Pepsico Inc. | 0.46% | 4,603,671 | $690.3M | Reduce -4.3% |
| GGAL Grupo Financiero Galicia-ADR | 0.43% | 11,851,835 | $644.5M | Add +3.1% |
| AMD Advanced Micro Devices | 0.43% | 6,314,624 | $644.4M | Add +18.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 2,584,328 | $641.6M | Reduce -4.0% |
| TXN Texas Instruments Inc. | 0.42% | 3,546,636 | $635.6M | Reduce -5.0% |
| QCOM Qualcomm Inc. | 0.42% | 4,124,449 | $629.6M | Add +6.2% |
| CVX Chevron Corp. | 0.39% | 3,463,790 | $579.9M | Reduce -13.7% |
| ADBE Adobe Inc. | 0.39% | 1,508,905 | $577.9M | Reduce -26.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.37% | 3,384,031 | $556.1M | Add +41.2% |
| ORCL Oracle Corp. | 0.36% | 3,914,012 | $545.8M | Reduce -4.4% |
| WFC Wells Fargo & Co. | 0.36% | 7,589,872 | $543.7M | Reduce -4.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 5,423,876 | $534.3M | Add +8.9% |
| MCD McDonald's Corp. | 0.35% | 1,698,793 | $529.0M | Reduce -5.8% |
| ABT Abbott Laboratories | 0.34% | 3,893,831 | $515.8M | Add +0.5% |
| VZ Verizon Communications Inc. | 0.34% | 11,167,022 | $506.3M | Reduce -12.7% |
| AXP American Express Co. | 0.34% | 1,876,166 | $503.3M | Reduce -0.4% |
| SPGI S&P Global Inc. | 0.33% | 990,963 | $501.2M | Add +4.8% |
| PM Philip Morris International | 0.33% | 3,087,945 | $489.2M | Reduce -24.2% |
| T AT&T Inc. | 0.32% | 16,804,537 | $475.1M | Add +5.4% |
| TMO Thermo Fisher Scientific Inc. | 0.31% | 937,470 | $465.5M | Reduce -6.7% |
| ISRG Intuitive Surgical Inc. | 0.31% | 926,995 | $458.3M | Add +0.0% |
| PDD PDD Holdings Inc. | 0.30% | 3,848,423 | $455.5M | Reduce -10.2% |
| GILD Gilead Sciences Inc. | 0.30% | 4,027,786 | $449.9M | Reduce -5.6% |
| INTU Intuit Inc. | 0.30% | 727,417 | $444.8M | Reduce -6.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 792,365 | $439.0M | Reduce -67.6% |
| MS Morgan Stanley | 0.29% | 3,677,935 | $427.5M | Add +6.3% |
| GS Goldman Sachs Group Inc. | 0.28% | 783,208 | $426.3M | Reduce -13.2% |
| GE General Electric filed as GE AEROSPACE | 0.28% | 2,104,723 | $420.5M | Reduce -12.6% |
| VRTX Vertex Pharmaceuticals Inc. | 0.27% | 844,675 | $408.6M | Reduce -3.3% |
| C Citigroup Inc. | 0.26% | 5,608,462 | $396.8M | Add +0.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 3,207,168 | $389.4M | Add +2.9% |
| CMCSA Comcast Corp. Class A | 0.26% | 10,553,980 | $388.6M | Reduce -4.2% |
| BKNG Booking Holdings Inc. | 0.26% | 84,269 | $386.7M | Reduce -8.7% |
| AMAT Applied Materials Inc. | 0.26% | 2,646,285 | $383.3M | Reduce -9.0% |
| AMGN Amgen Inc. | 0.26% | 1,231,381 | $383.1M | Reduce -10.9% |
| PFE Pfizer Inc. | 0.26% | 15,179,333 | $382.4M | Reduce -8.8% |
| PGR Progressive Corp. | 0.25% | 1,336,489 | $378.1M | Reduce -20.3% |
| PLD Prologis Inc. | 0.25% | 3,313,133 | $369.9M | Reduce -6.8% |
| CAT Caterpillar Inc. | 0.24% | 1,114,592 | $367.0M | Add +8.5% |
| DHR Danaher Corp. | 0.24% | 1,788,670 | $365.3M | Reduce -0.1% |
| UBER Uber Technologies Inc. | 0.24% | 4,976,294 | $360.6M | Reduce -38.1% |
| NEE Nextera Energy Inc. | 0.24% | 5,086,687 | $360.4M | Add +46.3% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 4,232,254 | $356.2M | Add +5.0% |
| WELL Welltower Inc. | 0.23% | 2,298,272 | $352.1M | Add +4.1% |
| TMUS T-Mobile US Inc. | 0.23% | 1,322,556 | $352.0M | Reduce -6.2% |
| ADP Automatic Data Processing | 0.23% | 1,152,702 | $351.3M | Reduce -3.0% |
| MRSH Marsh & McLennan Cos | 0.23% | 1,399,608 | $340.7M | Reduce -0.4% |
| AMT American Tower Corp. | 0.23% | 1,559,404 | $338.9M | Add +3.8% |
| LOW Lowe's Cos Inc. | 0.22% | 1,411,941 | $328.8M | Reduce -7.9% |
| MSI Motorola Solutions Inc. | 0.22% | 746,011 | $325.6M | Add +49.1% |
| XLE SS Energy Select Sector | 0.21% | 3,418,739 | $319.8M | Add +829.6% |
| RTX RTX Corp. | 0.21% | 2,403,535 | $317.7M | Add +1.3% |
| SCHW Schwab (charles) Corp. | 0.21% | 4,057,907 | $316.9M | Add +17.0% |
| EQIX Equinix Inc. | 0.21% | 380,069 | $309.6M | Add +6.5% |
| BSX Boston Scientific Corp. | 0.20% | 3,028,642 | $305.0M | Reduce -1.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.20% | 3,867,865 | $304.7M | Add +134.6% |
| CI The Cigna Group | 0.20% | 928,651 | $304.6M | Add +14.6% |
| BLK BlackRock Inc. | 0.20% | 323,527 | $304.5M | Reduce -31.9% |
| COP Conocophillips | 0.20% | 2,889,984 | $303.4M | Reduce -14.7% |
| UNP Union Pacific Corp. | 0.20% | 1,280,000 | $301.8M | Reduce -3.4% |
| INTC Intel Corp. | 0.20% | 13,200,775 | $298.6M | Reduce -22.4% |
| ELV Elevance Health Inc. | 0.20% | 681,454 | $296.0M | Reduce -10.4% |
| PANW Palo Alto Networks Inc. | 0.20% | 1,737,057 | $295.7M | Add +12.8% |
| GD General Dynamics Corp. | 0.19% | 1,063,529 | $289.8M | Reduce -17.6% |
| HON Honeywell International Inc. | 0.19% | 1,362,429 | $288.2M | Reduce -3.6% |
| ANET Arista Networks Inc. | 0.19% | 3,707,100 | $286.9M | Reduce -8.3% |
| CME Cme Group Inc. | 0.19% | 1,075,527 | $284.5M | Reduce -17.3% |
| FISV Fiserv Inc. | 0.19% | 1,285,243 | $282.7M | Reduce -1.7% |
| CL Colgate-Palmolive Co. | 0.19% | 2,975,239 | $278.6M | Add +7.7% |
Options reported separately and not counted above: MSFT puts ($1.7B), NVDA puts ($980.5M), GOOGL puts ($666.8M), META puts ($508.1M), TSM puts ($475.9M), AAPL puts ($453.9M), NVDA calls ($328.4M), MSFT calls ($301.7M), QQQ puts ($263.4M), ZS puts ($252.5M), NOW puts ($245.5M), GOOG puts ($227.7M), and 449 more.
Other holdings (29): bonds, preferreds, convertibles and warrants · $75.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 20,382,000 | $20.3M | Add +227.4% |
| SHV iShares 0-1 Year Treasury Bo | TRUST ISHARE 0-1 · principal | 86,900 | $9.6M | Add +1.1% |
| TSM Taiwan Semiconductor-SP ADR | SPONSORED ADS · principal | 53,425 | $8.9M | Reduce -8.6% |
| HDB HDFC Bank Ltd.-ADR | SPONSORED ADS · principal | 70,681 | $4.7M | Add +37.7% |
| EMHY iShares J.P. Morgan Em High | JP MRGN EM HI BD · principal | 119,330 | $4.6M | Add +9.9% |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD · principal | 46,900 | $3.9M | Add +113.2% |
| IBN Icici Bank Ltd.-Spon ADR | ADR · principal | 116,787 | $3.7M | Add +1.1% |
| INFY Infosys Ltd.-SP ADR | SPONSORED ADR · principal | 146,428 | $2.7M | Reduce -3.1% |
| SJNK SS SPDR BB St Hi Yield ETF | ST TERM HIGH ETF · principal | 104,000 | $2.6M | No change |
| ITUB Itau Unibanco H-Spon PRF ADR | SPON ADR REP PFD · principal | 393,484 | $2.2M | Add +54.1% |
| KB KB Financial Group Inc.-ADR | SPONSORED ADR · principal | 37,224 | $2.0M | Add +591.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | ST STR BLO 1 ETF · principal | 21,250 | $1.9M | Add +112.5% |
| BABA Alibaba Group Holding-SP ADR | SPONSORED ADS · principal | 14,228 | $1.9M | Add +10.3% |
| PDD PDD Holdings Inc. | SPONSORED ADS · principal | 9,542 | $1.1M | Reduce -30.2% |
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | 35,000 | $1.1M | New |
| JD Jd.com Inc.-ADR | SPON ADS CL A · principal | 21,003 | $862K | Add +1.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | IBOXX INV CP ETF · principal | 6,500 | $706K | Reduce -56.7% |
| IEF iShares 7-10 Year Treasury B | 7-10 YR TRSY BD · principal | 6,500 | $620K | Reduce -82.8% |
| BEKE Ke Holdings Inc.-ADR | SPONSORED ADS · principal | 25,877 | $519K | Add +1916.9% |
| EMLC Vaneck JPM Em Local Curr BND | JP MRGAN EM LOC · principal | 16,000 | $382K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 13,235 | $366K | No change |
| VWOB Vanguard Emerg MKTS Gov BND | EM MK GOV BD ETF · principal | 4,500 | $289K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 192 | $229K | New |
| SE Sea Ltd.-ADR | SPONSORD ADS · principal | 968 | $126K | Add +396.4% |
| EMB iShares JP Morgan Usd Emergi | JPMORGAN USD EMG · principal | 550 | $50K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 20,979 | $47K | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | IBOXX HI YD ETF · principal | 100 | $8K | No change |
| MNSO Miniso Group Holding Ltd.-ADR | SPONSORED ADS · principal | 358 | $7K | Reduce -61.0% |
| YMM Full Truck Alliance -SPN ADR | SPONSORED ADS · principal | 306 | $4K | New |
Total filed on the 13F, all lines: $149.9B.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -8.2% | 5.72% | −1.55 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -67.6% | 0.29% | −0.60 |
| AVGO Broadcom Inc. | Reduce -5.1% | 1.45% | −0.53 |
| GOOG Alphabet Inc. Class C | Reduce -6.2% | 1.46% | −0.31 |
| CRM Salesforce Inc. | Reduce -20.6% | 0.51% | −0.23 |
| ADBE Adobe Inc. | Reduce -26.2% | 0.39% | −0.18 |
| BLK BlackRock Inc. | Reduce -31.9% | 0.20% | −0.10 |
| ANET Arista Networks Inc. | Reduce -8.3% | 0.19% | −0.09 |
| LIN Linde PLC | Reduce -52.8% | 0.10% | −0.08 |
| EMB iShares JP Morgan Usd Emergi | Reduce -53.8% | 0.07% | −0.07 |
| UBER Uber Technologies Inc. | Reduce -38.1% | 0.24% | −0.06 |
| DECK Deckers Outdoor Corp. | Reduce -36.4% | 0.04% | −0.06 |
| ORCL Oracle Corp. | Reduce -4.4% | 0.36% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -33.4% | 0.12% | −0.06 |
| CTSH Cognizant Tech Solutions-A | Reduce -37.5% | 0.11% | −0.06 |
| DELL Dell Technologies -C | Reduce -45.8% | 0.05% | −0.06 |
| LRCX Lam Research Corp. | Reduce -32.3% | 0.15% | −0.05 |
| TD Toronto-Dominion Bank | Reduce -58.7% | 0.05% | −0.05 |
| IXP iShares Global Comm Services | Sold out | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -5.3% | 0.48% | −0.04 |
| IYC iShares US Consumer Discreti | Sold out | 0.00% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -9.0% | 0.26% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -13.2% | 0.28% | −0.04 |
| ULTA Ulta Beauty Inc. | Reduce -47.6% | 0.03% | −0.04 |
| HPE Hewlett Packard Enterprise | Reduce -10.9% | 0.08% | −0.04 |
| GPN Global Payments Inc. | Reduce -44.1% | 0.04% | −0.03 |
| ON On Semiconductor | Reduce -25.2% | 0.04% | −0.03 |
| GWW WW Grainger Inc. | Reduce -27.4% | 0.09% | −0.03 |
| DLR Digital Realty Trust Inc. | Reduce -12.5% | 0.10% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -25.4% | 0.14% | −0.03 |
| KLAC KLA Corp. | Reduce -26.9% | 0.16% | −0.03 |
| FAST Fastenal Co. | Reduce -33.6% | 0.10% | −0.03 |
| SWKS Skyworks Solutions Inc. | Reduce -38.0% | 0.03% | −0.03 |
| ENPH Enphase Energy Inc. | Reduce -72.8% | 0.01% | −0.03 |
| NKE Nike Inc. Class B | Reduce -11.1% | 0.11% | −0.03 |
| REGN Regeneron Pharmaceuticals | Reduce -10.2% | 0.16% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -8.7% | 0.26% | −0.03 |
| CACC Credit Acceptance Corp. | Sold out | 0.00% | −0.03 |
| SNOW Snowflake Inc. | Reduce -65.9% | 0.01% | −0.03 |
| HOLX Hologic Inc. | Reduce -13.2% | 0.10% | −0.02 |
| APH Amphenol Corp. Class A | Reduce -19.4% | 0.11% | −0.02 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -68.2% | 0.01% | −0.02 |
| LEN Lennar Corp. Class A | Reduce -18.6% | 0.07% | −0.02 |
| SNA Snap-on Inc. | Reduce -27.1% | 0.08% | −0.02 |
| TGT Target Corp. | Reduce -2.7% | 0.10% | −0.02 |
| SEE Sealed Air Corp. | Reduce -96.3% | 0.00% | −0.02 |
| NUE Nucor Corp. | Reduce -35.4% | 0.05% | −0.02 |
| MGM MGM Resorts International | Reduce -49.9% | 0.02% | −0.02 |
| MKTX Marketaxess Holdings Inc. | Reduce -65.2% | 0.01% | −0.02 |
| IYF iShares US Financials ETF | Reduce -35.4% | 0.05% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | Add +7.6% | 2.50% | +0.29 |
| V Visa Inc. Class A | Add +5.6% | 1.35% | +0.28 |
| XLE SS Energy Select Sector | Add +829.6% | 0.21% | +0.19 |
| LLY Eli Lilly & Co. | Add +2.5% | 1.17% | +0.17 |
| COIN Coinbase Global Inc. Class A | Add +1022.4% | 0.16% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +2.9% | 1.22% | +0.14 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +134.6% | 0.20% | +0.12 |
| UNH Unitedhealth Group Inc. | Add +2.0% | 0.88% | +0.11 |
| FLUT Flutter Entertainment PLC-Di | Add +376.4% | 0.13% | +0.10 |
| ZS Zscaler Inc. | Add +79.0% | 0.18% | +0.10 |
| FER Ferrovial NV | Add +0.8% | 0.74% | +0.09 |
| T AT&T Inc. | Add +5.4% | 0.32% | +0.09 |
| NEE Nextera Energy Inc. | Add +46.3% | 0.24% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +19.1% | 2.13% | +0.08 |
| EWG iShares MSCI Germany ETF | Add +15545.6% | 0.08% | +0.08 |
| EWS iShares MSCI Singapore ETF | Add +1054.7% | 0.09% | +0.08 |
| TLT iShares 20+ Year Treasury BD | Add +383.7% | 0.09% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +41.2% | 0.37% | +0.08 |
| MSI Motorola Solutions Inc. | Add +49.1% | 0.22% | +0.07 |
| ABT Abbott Laboratories | Add +0.5% | 0.34% | +0.07 |
| MA Mastercard Inc. Class A | Add +4.9% | 0.49% | +0.07 |
| STLA Stellantis NV | Add +470.2% | 0.09% | +0.07 |
| WEX Wex Inc. | Add +20412.8% | 0.07% | +0.07 |
| CI The Cigna Group | Add +14.6% | 0.20% | +0.06 |
| WELL Welltower Inc. | Add +4.1% | 0.23% | +0.06 |
| SE Sea Ltd.-ADR | Add +18.8% | 0.16% | +0.06 |
| CLX Clorox Company | Add +118.8% | 0.11% | +0.06 |
| AMT American Tower Corp. | Add +3.8% | 0.23% | +0.06 |
| SPG Simon Property Group Inc. | Add +42.9% | 0.17% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +17.0% | 0.21% | +0.05 |
| DASH DoorDash Inc. Class A | Add +127.7% | 0.08% | +0.05 |
| QCOM Qualcomm Inc. | Add +6.2% | 0.42% | +0.05 |
| LBRDK Liberty Broadband-C | Add +6649.1% | 0.05% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +5.0% | 0.24% | +0.05 |
| IYK iShares US Consumer Staples | New | 0.05% | +0.05 |
| IDU iShares US Utilities ETF | New | 0.04% | +0.04 |
| SPGI S&P Global Inc. | Add +4.8% | 0.33% | +0.04 |
| RTX RTX Corp. | Add +1.3% | 0.21% | +0.04 |
| EWP iShares MSCI Spain ETF | Add +29.8% | 0.10% | +0.04 |
| AJG Arthur J Gallagher & Co. | Add +7.3% | 0.13% | +0.04 |
| RACE Ferrari NV | Add +245.1% | 0.05% | +0.04 |
| LNG Cheniere Energy Inc. | Add +7.7% | 0.18% | +0.04 |
| JNPR Juniper Networks Inc. | Add +52.9% | 0.09% | +0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Add +7182.7% | 0.04% | +0.03 |
| SRE Sempra | Add +64.7% | 0.11% | +0.03 |
| DOV Dover Corp. | Add +77.9% | 0.07% | +0.03 |
| NEM Newmont Corp. | Add +3.9% | 0.10% | +0.03 |
| AMD Advanced Micro Devices | Add +18.6% | 0.43% | +0.03 |
| CL Colgate-Palmolive Co. | Add +7.7% | 0.19% | +0.03 |
| RJF Raymond James Financial Inc. | Add +58.1% | 0.09% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | put | Add +108.2% | 4,563,000 | $1.7B |
| NVDA Nvidia Corp. | put | Add +11.1% | 9,280,000 | $980.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 1,330,000 | $781.0Mbefore exit |
| GOOGL Alphabet Inc. Class A | put | Add +210.4% | 4,345,000 | $666.8M |
| META Meta Platforms Inc. Class A | put | Add +216.6% | 891,200 | $508.1M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +52.6% | 2,900,000 | $475.9M |
| AAPL Apple Inc. | put | Add +1799.5% | 2,061,000 | $453.9M |
| NVDA Nvidia Corp. | call | Add +24.9% | 3,061,800 | $328.4M |
| MSFT Microsoft Corp. | call | Add +90.8% | 808,700 | $301.7M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -10.7% | 568,400 | $263.4M |
| ZS Zscaler Inc. | put | Add +168.6% | 1,289,900 | $252.5M |
| NOW ServiceNow Inc. | put | Add +3635.7% | 313,800 | $245.5M |
| GOOG Alphabet Inc. Class C | put | Add +2230.9% | 1,468,500 | $227.7M |
| COIN Coinbase Global Inc. Class A | put | New | 1,250,000 | $213.8M |
| EEM iShares MSCI Emerging Market | put | Add +0.8% | 4,780,000 | $208.8M |
| TSLA Tesla Inc. | call | Reduce -12.3% | 690,000 | $178.2M |
| AMZN Amazon.com Inc. | put | New | 825,000 | $155.7M |
| META Meta Platforms Inc. Class A | call | Reduce -3.0% | 236,800 | $136.3M |
| NFLX Netflix Inc. | call | Add +193.8% | 141,000 | $131.3M |
| TLT iShares 20+ Year Treasury BD | call | Reduce -16.4% | 1,446,500 | $131.0M |
| PG The Procter & Gamble Co. | call | Add +293.5% | 632,700 | $107.8M |
| CI The Cigna Group | put | Add +139.4% | 321,300 | $105.1M |
| DB Deutsche Bank AG-Registered | call | Reduce -9.1% | 4,101,700 | $96.6M |
| UBER Uber Technologies Inc. | put | Reduce -61.0% | 1,309,400 | $94.1M |
| AMD Advanced Micro Devices | call | Add +14.1% | 775,800 | $78.6M |
| TSM Taiwan Semiconductor-SP ADR | call | Add +58.7% | 470,900 | $77.4M |
| EFA iShares MSCI Eafe ETF | call | Reduce -45.0% | 869,500 | $70.7M |
| TSLA Tesla Inc. | put | Reduce -40.2% | 269,000 | $68.8M |
| GOOG Alphabet Inc. Class C | call | Reduce -45.4% | 414,600 | $64.8M |
| AMD Advanced Micro Devices | put | Reduce -15.3% | 635,500 | $64.4M |
| BABA Alibaba Group Holding-SP ADR | put | Reduce -74.1% | 480,000 | $63.2M |
| SCHW Schwab (charles) Corp. | put | Add +110.8% | 774,600 | $60.2M |
| GOOGL Alphabet Inc. Class A | call | Add +106.0% | 389,000 | $59.7M |
| DELL Dell Technologies -C | put | Sold out | 500,000 | $57.5Mbefore exit |
| CELH Celsius Holdings Inc. | put | Reduce -22.9% | 1,504,400 | $54.5M |
| DB Deutsche Bank AG-Registered | put | Add +7.3% | 2,204,500 | $51.9M |
| EEM iShares MSCI Emerging Market | call | Reduce -13.0% | 1,135,400 | $49.4M |
| CRM Salesforce Inc. | call | Add +35.2% | 184,800 | $49.3M |
| PYPL PayPal Holdings Inc. | put | New | 753,300 | $48.7M |
| AVGO Broadcom Inc. | put | Sold out | 200,000 | $47.0Mbefore exit |
| DXCM Dexcom Inc. | call | Add +63.6% | 658,400 | $44.5M |
| UNP Union Pacific Corp. | put | Add +307.2% | 182,000 | $42.7M |
| LLY Eli Lilly & Co. | call | Reduce -0.8% | 49,900 | $41.0M |
| LLY Eli Lilly & Co. | put | Add +706.5% | 50,000 | $40.5M |
| JPM JPMorgan Chase & Co. | put | New | 165,400 | $40.2M |
| CVX Chevron Corp. | put | Add +625.4% | 231,400 | $38.9M |
| AAPL Apple Inc. | call | Reduce -48.4% | 173,800 | $38.3M |
| CSCO Cisco Systems Inc. | put | Add +23.9% | 609,100 | $37.2M |
| NFLX Netflix Inc. | put | Reduce -58.3% | 38,200 | $35.2M |
| QCOM Qualcomm Inc. | call | Add +25.5% | 230,300 | $35.1M |
Showing the first 50 of 527.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +227.4% | 20,382,000 | $20.3M |
| SHV iShares 0-1 Year Treasury Bo | TRUST ISHARE 0-1 · principal | Add +1.1% | 86,900 | $9.6M |
| TSM Taiwan Semiconductor-SP ADR | SPONSORED ADS · principal | Reduce -8.6% | 53,425 | $8.9M |
| HDB HDFC Bank Ltd.-ADR | SPONSORED ADS · principal | Add +37.7% | 70,681 | $4.7M |
| EMHY iShares J.P. Morgan Em High | JP MRGN EM HI BD · principal | Add +9.9% | 119,330 | $4.6M |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD · principal | Add +113.2% | 46,900 | $3.9M |
| IBN Icici Bank Ltd.-Spon ADR | ADR · principal | Add +1.1% | 116,787 | $3.7M |
| INFY Infosys Ltd.-SP ADR | SPONSORED ADR · principal | Reduce -3.1% | 146,428 | $2.7M |
| ITUB Itau Unibanco H-Spon PRF ADR | SPON ADR REP PFD · principal | Add +54.1% | 393,484 | $2.2M |
| KB KB Financial Group Inc.-ADR | SPONSORED ADR · principal | Add +591.9% | 37,224 | $2.0M |
| BIL SS SPDR BB 1-3M T-Bill ETF | ST STR BLO 1 ETF · principal | Add +112.5% | 21,250 | $1.9M |
| BABA Alibaba Group Holding-SP ADR | SPONSORED ADS · principal | Add +10.3% | 14,228 | $1.9M |
| TKC Turkcell Iletisim Hizmet-ADR | SPON ADR NEW · principal | Sold out | 181,966 | $1.2Mbefore exit |
| PDD PDD Holdings Inc. | SPONSORED ADS · principal | Reduce -30.2% | 9,542 | $1.1M |
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | New | 35,000 | $1.1M |
| TLT iShares 20+ Year Treasury BD | 20 YR TR BD ETF · principal | Sold out | 10,000 | $873Kbefore exit |
| JD Jd.com Inc.-ADR | SPON ADS CL A · principal | Add +1.3% | 21,003 | $862K |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | IBOXX INV CP ETF · principal | Reduce -56.7% | 6,500 | $706K |
| JNK SS SPDR BB High Yield Bond | ST BLOO HIGH ETF · principal | Sold out | 7,000 | $668Kbefore exit |
| IEF iShares 7-10 Year Treasury B | 7-10 YR TRSY BD · principal | Reduce -82.8% | 6,500 | $620K |
| BEKE Ke Holdings Inc.-ADR | SPONSORED ADS · principal | Add +1916.9% | 25,877 | $519K |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 192 | $229K |
| SE Sea Ltd.-ADR | SPONSORD ADS · principal | Add +396.4% | 968 | $126K |
| MNSO Miniso Group Holding Ltd.-ADR | SPONSORED ADS · principal | Reduce -61.0% | 358 | $7K |
| LEGN Legend Biotech Corp.-ADR | SPONSORED ADS · principal | Sold out | 167 | $5Kbefore exit |
| YMM Full Truck Alliance -SPN ADR | SPONSORED ADS · principal | New | 306 | $4K |
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 | 2,406 | $207.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q1 2026 | 2,374 | $167.4B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q4 2025Amended | 2,305 | $175.6B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025 | 2,191 | $169.0B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 2,515 | $154.9B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 2,539 | $149.9B | MSFT, AAPL, NVDA, AMZN, META |
| Q4 2024 | 2,625 | $161.2B | NVDA, MSFT, AAPL, AMZN, META |
| Q3 2024 | 2,571 | $160.0B | MSFT, NVDA, AAPL, AMZN, META |
| Q2 2024 | 2,524 | $155.2B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2024 | 2,600 | $140.4B | MSFT, AAPL, NVDA, AMZN, META |