HSBC Holdings PLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), HSBC Holdings PLC reported 2,515 stock positions worth $154.9 billion. Its top holding was Nvidia (NVDA) at 6.8% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Apple (AAPL, 5.2%). Compared with Q1 2025, it opened 228 new positions, sold out of 253, added to 976 and reduced 1,266. The biggest buy was Visa Class A (V, shares +22%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0000873630
- Portfolio Value
- $154.9B (Q2 2025)
- SEC Filing
- 0000873630-25-000007 ↗ filed Aug 13, 2025
Holdings Value
Holdings 2,515 stocks · $154.9B
| NVDA Nvidia Corp. | 6.80% | 66,613,609 | $10.5B | Reduce -16.5% |
| MSFT Microsoft Corp. | 5.97% | 18,584,387 | $9.2B | Reduce -24.0% |
| AAPL Apple Inc. | 5.22% | 39,679,662 | $8.1B | Reduce -2.5% |
| AMZN Amazon.com Inc. | 3.52% | 24,845,686 | $5.5B | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 2.55% | 5,353,947 | $4.0B | Reduce -17.9% |
| AVGO Broadcom Inc. | 2.13% | 11,964,387 | $3.3B | Reduce -8.3% |
| GOOGL Alphabet Inc. Class A | 1.67% | 14,627,453 | $2.6B | Reduce -29.3% |
| V Visa Inc. Class A | 1.61% | 7,036,965 | $2.5B | Add +21.5% |
| GOOG Alphabet Inc. Class C | 1.61% | 14,050,483 | $2.5B | Add +0.5% |
| TSLA Tesla Inc. | 1.55% | 7,523,868 | $2.4B | Reduce -6.6% |
| JPM JPMorgan Chase & Co. | 1.31% | 6,969,705 | $2.0B | Reduce -7.0% |
| UNH Unitedhealth Group Inc. | 1.05% | 5,241,099 | $1.6B | Add +108.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.03% | 3,292,138 | $1.6B | Reduce -4.1% |
| LLY Eli Lilly & Co. | 1.00% | 1,995,265 | $1.6B | Reduce -6.5% |
| JNJ Johnson & Johnson | 0.89% | 9,052,238 | $1.4B | Reduce -3.3% |
| FER Ferrovial NV | 0.87% | 25,386,224 | $1.3B | Add +1.9% |
| NFLX Netflix Inc. | 0.85% | 983,823 | $1.3B | Reduce -5.2% |
| CSCO Cisco Systems Inc. | 0.81% | 18,045,459 | $1.3B | Reduce -6.9% |
| HD Home Depot Inc. | 0.74% | 3,109,717 | $1.1B | Add +0.8% |
| COST Costco Wholesale Corp. | 0.68% | 1,070,313 | $1.1B | Add +2.0% |
| WMT Walmart Inc. | 0.65% | 10,376,378 | $1.0B | Reduce -3.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.61% | 4,173,170 | $947.2M | Add +23.3% |
| XOM Exxon Mobil Corp. | 0.61% | 8,773,649 | $946.5M | Reduce -1.5% |
| BABA Alibaba Group Holding-SP ADR | 0.60% | 8,267,876 | $936.4M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.59% | 5,745,412 | $914.8M | Reduce -5.2% |
| CRM Salesforce Inc. | 0.58% | 3,316,895 | $903.9M | Add +16.7% |
| MA Mastercard Inc. Class A | 0.57% | 1,582,577 | $888.4M | Add +19.3% |
| KO The Coca-Cola Co. | 0.54% | 11,914,815 | $842.4M | Reduce -2.0% |
| ORCL Oracle Corp. | 0.54% | 3,791,835 | $829.2M | Reduce -3.1% |
| ABBV Abbvie Inc. | 0.49% | 4,124,309 | $765.0M | Reduce -7.0% |
| PLTR Palantir Technologies Inc. Class A | 0.48% | 5,435,956 | $742.4M | Add +28.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.46% | 2,422,667 | $713.4M | Reduce -6.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 14,738,635 | $697.2M | Reduce -12.7% |
| AMD Advanced Micro Devices | 0.43% | 4,675,634 | $665.0M | Reduce -26.0% |
| TXN Texas Instruments Inc. | 0.43% | 3,175,598 | $659.3M | Reduce -10.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.41% | 5,180,824 | $642.6M | Reduce -4.5% |
| MRK Merck & Co. Inc. | 0.40% | 7,787,701 | $616.0M | Reduce -2.7% |
| QCOM Qualcomm Inc. | 0.39% | 3,818,273 | $608.2M | Reduce -7.4% |
| NOW ServiceNow Inc. | 0.39% | 589,920 | $605.6M | Reduce -32.9% |
| ADBE Adobe Inc. | 0.38% | 1,541,138 | $595.9M | Add +2.1% |
| PEP Pepsico Inc. | 0.37% | 4,397,355 | $580.5M | Reduce -4.5% |
| WFC Wells Fargo & Co. | 0.37% | 7,088,928 | $568.6M | Reduce -6.6% |
| AXP American Express Co. | 0.36% | 1,724,572 | $550.2M | Reduce -8.1% |
| GS Goldman Sachs Group Inc. | 0.34% | 741,269 | $524.4M | Reduce -5.3% |
| SPGI S&P Global Inc. | 0.33% | 983,112 | $516.9M | Reduce -0.8% |
| BKNG Booking Holdings Inc. | 0.33% | 88,878 | $513.0M | Add +5.5% |
| ABT Abbott Laboratories | 0.33% | 3,745,643 | $508.9M | Reduce -3.8% |
| INTU Intuit Inc. | 0.33% | 640,707 | $504.7M | Reduce -11.9% |
| PM Philip Morris International | 0.32% | 2,700,829 | $491.8M | Reduce -12.5% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 1,908,598 | $491.2M | Reduce -9.3% |
| VZ Verizon Communications Inc. | 0.31% | 11,116,663 | $479.8M | Reduce -0.5% |
| MS Morgan Stanley | 0.31% | 3,370,723 | $474.2M | Reduce -8.3% |
| ISRG Intuitive Surgical Inc. | 0.30% | 861,959 | $467.7M | Reduce -7.0% |
| CVX Chevron Corp. | 0.30% | 3,236,009 | $463.5M | Reduce -6.6% |
| MCD McDonald's Corp. | 0.30% | 1,585,163 | $463.1M | Reduce -6.7% |
| AMAT Applied Materials Inc. | 0.30% | 2,494,755 | $457.1M | Reduce -5.7% |
| T AT&T Inc. | 0.29% | 15,803,362 | $456.3M | Reduce -6.0% |
| PDD PDD Holdings Inc. | 0.29% | 4,325,013 | $452.8M | Add +12.4% |
| IVV iShares Core S&P 500 ETF | 0.28% | 707,795 | $439.2M | Add +116.3% |
| C Citigroup Inc. | 0.27% | 4,972,167 | $423.1M | Reduce -11.3% |
| UBER Uber Technologies Inc. | 0.27% | 4,474,315 | $416.6M | Reduce -10.1% |
| COF Capital One Financial Corp. | 0.25% | 1,829,065 | $390.2M | Add +23.6% |
| PFE Pfizer Inc. | 0.25% | 15,995,460 | $388.0M | Add +5.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 3,146,464 | $388.0M | Reduce -1.9% |
| BLK BlackRock Inc. | 0.25% | 369,635 | $387.3M | Add +14.3% |
| GILD Gilead Sciences Inc. | 0.24% | 3,358,902 | $372.2M | Reduce -16.6% |
| ADP Automatic Data Processing | 0.23% | 1,181,359 | $363.6M | Add +2.5% |
| CAT Caterpillar Inc. | 0.23% | 921,842 | $357.9M | Reduce -17.3% |
| MU Micron Technology Inc. | 0.23% | 2,875,648 | $354.9M | Reduce -2.6% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 856,767 | $347.1M | Reduce -8.6% |
| EMB iShares JP Morgan Usd Emergi | 0.22% | 3,738,365 | $345.9M | Add +206.8% |
| PGR Progressive Corp. | 0.22% | 1,274,571 | $339.7M | Reduce -4.6% |
| HON Honeywell International Inc. | 0.21% | 1,425,606 | $331.5M | Add +4.6% |
| RTX RTX Corp. | 0.21% | 2,254,770 | $329.2M | Reduce -6.2% |
| PANW Palo Alto Networks Inc. | 0.21% | 1,596,260 | $326.3M | Reduce -8.1% |
| WELL Welltower Inc. | 0.21% | 2,109,005 | $323.6M | Reduce -8.2% |
| NEE Nextera Energy Inc. | 0.21% | 4,670,401 | $322.7M | Reduce -8.2% |
| AMT American Tower Corp. | 0.21% | 1,461,281 | $322.2M | Reduce -6.3% |
| TIP iShares Tips Bond ETF | 0.21% | 2,910,259 | $320.3M | Add +4627.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.20% | 511,492 | $315.5M | Reduce -35.5% |
| BSX Boston Scientific Corp. | 0.20% | 2,923,963 | $313.7M | Reduce -3.5% |
| PLD Prologis Inc. | 0.20% | 2,987,079 | $313.5M | Reduce -9.8% |
| ICE Intercontinental Exchange Inc. | 0.20% | 1,702,430 | $312.0M | Add +7.7% |
| SCHW Schwab (charles) Corp. | 0.20% | 3,418,918 | $311.5M | Reduce -15.8% |
| AMGN Amgen Inc. | 0.20% | 1,115,802 | $311.3M | Reduce -9.4% |
| SE Sea Ltd.-ADR | 0.20% | 1,942,869 | $310.8M | Add +3.0% |
| CMCSA Comcast Corp. Class A | 0.20% | 8,605,099 | $306.7M | Reduce -18.5% |
| EQIX Equinix Inc. | 0.20% | 384,298 | $305.0M | Add +1.1% |
| DHR Danaher Corp. | 0.20% | 1,536,692 | $303.5M | Reduce -14.1% |
| MCO Moody's Corp. | 0.19% | 600,382 | $300.1M | Add +13.8% |
| LOW Lowe's Cos Inc. | 0.19% | 1,347,572 | $298.7M | Reduce -4.6% |
| UNP Union Pacific Corp. | 0.19% | 1,295,858 | $298.3M | Add +1.2% |
| ANET Arista Networks Inc. | 0.19% | 2,895,900 | $296.4M | Reduce -21.9% |
| LRCX Lam Research Corp. | 0.19% | 3,042,785 | $296.2M | Add +0.3% |
| GD General Dynamics Corp. | 0.19% | 1,007,123 | $293.8M | Reduce -5.3% |
| CI The Cigna Group | 0.19% | 887,981 | $292.8M | Reduce -4.4% |
| KLAC KLA Corp. | 0.19% | 326,187 | $292.2M | Reduce -8.0% |
| TMUS T-Mobile US Inc. | 0.19% | 1,224,385 | $291.0M | Reduce -7.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.18% | 641,961 | $285.7M | Reduce -24.0% |
| CME Cme Group Inc. | 0.18% | 1,030,709 | $283.5M | Reduce -4.2% |
Options reported separately and not counted above: UNH puts ($860.1M), TSM puts ($843.0M), AAPL puts ($454.0M), NVDA puts ($407.6M), GOOG puts ($385.2M), MSFT calls ($348.2M), AMZN puts ($308.9M), NVDA calls ($302.5M), MSFT puts ($251.9M), EEM puts ($230.6M), TSLA puts ($226.6M), SPY puts ($218.9M), and 467 more.
Other holdings (29): bonds, preferreds, convertibles and warrants · $904.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 253,816,000 | $803.7M | New |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 36,180,000 | $35.4M | Add +77.5% |
| TSM Taiwan Semiconductor-SP ADR | SPONSORED ADS · principal | 56,945 | $12.9M | Add +6.6% |
| SHV iShares 0-1 Year Treasury Bo | TRUST ISHARE 0-1 · principal | 64,900 | $7.2M | Reduce -25.3% |
| HDB HDFC Bank Ltd.-ADR | SPONSORED ADS · principal | 70,984 | $5.5M | Add +0.4% |
| EMHY iShares J.P. Morgan Em High | JP MRGN EM HI BD · principal | 126,800 | $4.9M | Add +6.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 4,000 | $4.7M | Add +1983.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,597 | $4.4M | New |
| IBN Icici Bank Ltd.-Spon ADR | ADR · principal | 114,339 | $3.9M | Reduce -2.1% |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD · principal | 42,700 | $3.5M | Reduce -9.0% |
| KB KB Financial Group Inc.-ADR | SPONSORED ADR · principal | 36,960 | $3.1M | Reduce -0.7% |
| ITUB Itau Unibanco H-Spon PRF ADR | SPON ADR REP PFD · principal | 435,171 | $3.0M | Add +10.6% |
| INFY Infosys Ltd.-SP ADR | SPONSORED ADR · principal | 151,765 | $2.8M | Add +3.6% |
| BABA Alibaba Group Holding-SP ADR | SPONSORED ADS · principal | 15,558 | $1.8M | Add +9.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | ST STR BLO 1 ETF · principal | 17,900 | $1.6M | Reduce -15.8% |
| PDD PDD Holdings Inc. | SPONSORED ADS · principal | 14,276 | $1.5M | Add +49.6% |
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | 35,000 | $1.1M | No change |
| SJNK SS SPDR BB St Hi Yield ETF | ST TERM HIGH ETF · principal | 39,500 | $1.0M | Reduce -62.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | IBOXX INV CP ETF · principal | 6,500 | $712K | No change |
| EMLC Vaneck JPM Em Local Curr BND | JP MRGAN EM LOC · principal | 16,000 | $406K | No change |
| VWOB Vanguard Emerg MKTS Gov BND | EM MK GOV BD ETF · principal | 4,500 | $294K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 13,227 | $277K | Reduce -0.1% |
| BEKE Ke Holdings Inc.-ADR | SPONSORED ADS · principal | 15,084 | $268K | Reduce -41.7% |
| SE Sea Ltd.-ADR | SPONSORD ADS · principal | 1,346 | $216K | Add +39.0% |
| PKX Posco Holdings Inc. -Spon ADR | SPONSORED ADR · principal | 4,161 | $202K | New |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 20,979 | $74K | No change |
| TME Tencent Music Entertainm-ADR | SPON ADS · principal | 3,163 | $62K | New |
| EMB iShares JP Morgan Usd Emergi | JPMORGAN USD EMG · principal | 550 | $51K | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | IBOXX HI YD ETF · principal | 100 | $8K | No change |
Total filed on the 13F, all lines: $155.8B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -2.5% | 5.22% | −0.80 |
| GOOGL Alphabet Inc. Class A | Reduce -29.3% | 1.67% | −0.46 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -99.1% | 0.00% | −0.43 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.1% | 1.03% | −0.19 |
| ZS Zscaler Inc. | Reduce -95.3% | 0.01% | −0.17 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -82.5% | 0.04% | −0.17 |
| LLY Eli Lilly & Co. | Reduce -6.5% | 1.00% | −0.17 |
| JNJ Johnson & Johnson | Reduce -3.3% | 0.89% | −0.14 |
| MSFT Microsoft Corp. | Reduce -24.0% | 5.97% | −0.13 |
| ABBV Abbvie Inc. | Reduce -7.0% | 0.49% | −0.12 |
| BABA Alibaba Group Holding-SP ADR | Reduce -0.1% | 0.60% | −0.12 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -5.2% | 0.59% | −0.10 |
| XOM Exxon Mobil Corp. | Reduce -1.5% | 0.61% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -35.5% | 0.20% | −0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -24.0% | 0.18% | −0.09 |
| CVX Chevron Corp. | Reduce -6.6% | 0.30% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.6% | 0.22% | −0.09 |
| PEP Pepsico Inc. | Reduce -4.5% | 0.37% | −0.09 |
| EWS iShares MSCI Singapore ETF | Sold out | 0.00% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -2.7% | 0.40% | −0.08 |
| CL Colgate-Palmolive Co. | Reduce -35.7% | 0.11% | −0.07 |
| COIN Coinbase Global Inc. Class A | Reduce -72.5% | 0.09% | −0.07 |
| NOW ServiceNow Inc. | Reduce -32.9% | 0.39% | −0.07 |
| SPG Simon Property Group Inc. | Reduce -34.9% | 0.10% | −0.07 |
| WEX Wex Inc. | Reduce -99.1% | 0.00% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -18.5% | 0.20% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -16.6% | 0.24% | −0.06 |
| XLE SS Energy Select Sector | Reduce -17.4% | 0.16% | −0.06 |
| ELV Elevance Health Inc. | Reduce -18.2% | 0.14% | −0.06 |
| FISV Fiserv Inc. | Reduce -6.4% | 0.13% | −0.05 |
| AMGN Amgen Inc. | Reduce -9.4% | 0.20% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -19.5% | 0.16% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -12.1% | 0.17% | −0.05 |
| MCD McDonald's Corp. | Reduce -6.7% | 0.30% | −0.05 |
| LBRDK Liberty Broadband-C | Reduce -99.7% | 0.00% | −0.05 |
| DHR Danaher Corp. | Reduce -14.1% | 0.20% | −0.05 |
| IYK iShares US Consumer Staples | Sold out | 0.00% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -7.4% | 0.19% | −0.05 |
| GLD SPDR Gold Shares | Reduce -76.2% | 0.01% | −0.05 |
| PLD Prologis Inc. | Reduce -9.8% | 0.20% | −0.04 |
| IDU iShares US Utilities ETF | Sold out | 0.00% | −0.04 |
| REGN Regeneron Pharmaceuticals | Reduce -7.0% | 0.12% | −0.04 |
| NVR NVR Inc. | Reduce -37.8% | 0.07% | −0.04 |
| PSX Phillips 66 | Reduce -30.0% | 0.08% | −0.04 |
| STLA Stellantis NV | Reduce -39.5% | 0.05% | −0.04 |
| BEKE Ke Holdings Inc.-ADR | Reduce -85.9% | 0.01% | −0.04 |
| CPRT Copart Inc. | Reduce -8.5% | 0.13% | −0.04 |
| OMC Omnicom Group | Reduce -38.5% | 0.04% | −0.04 |
| HOLX Hologic Inc. | Reduce -39.1% | 0.06% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| V Visa Inc. Class A | Add +21.5% | 1.61% | +0.26 |
| PLTR Palantir Technologies Inc. Class A | Add +28.4% | 0.48% | +0.24 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.3% | 0.61% | +0.24 |
| TIP iShares Tips Bond ETF | Add +4627.6% | 0.21% | +0.20 |
| UNH Unitedhealth Group Inc. | Add +108.7% | 1.05% | +0.18 |
| CAR Avis Budget Group Inc. | Add +48706.7% | 0.17% | +0.17 |
| IVV iShares Core S&P 500 ETF | Add +116.3% | 0.28% | +0.16 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 1.61% | +0.16 |
| EMB iShares JP Morgan Usd Emergi | Add +206.8% | 0.22% | +0.15 |
| FER Ferrovial NV | Add +1.9% | 0.87% | +0.13 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +430.4% | 0.11% | +0.09 |
| MA Mastercard Inc. Class A | Add +19.3% | 0.57% | +0.09 |
| LYV Live Nation Entertainment Inc. | Add +227.3% | 0.11% | +0.08 |
| CRM Salesforce Inc. | Add +16.7% | 0.58% | +0.08 |
| COF Capital One Financial Corp. | Add +23.6% | 0.25% | +0.08 |
| XLF SS Financial Select Sector | Add +252.8% | 0.10% | +0.07 |
| BKNG Booking Holdings Inc. | Add +5.5% | 0.33% | +0.07 |
| RY Royal Bank of Canada | Add +63.1% | 0.14% | +0.06 |
| TLT iShares 20+ Year Treasury BD | Add +74.0% | 0.15% | +0.06 |
| IYW iShares Ustechnology ETF | Add +52.6% | 0.13% | +0.06 |
| EWY iShares MSCI South Korea ETF | Add +1753.0% | 0.06% | +0.06 |
| IXP iShares Global Comm Services | New | 0.05% | +0.05 |
| EWW iShares MSCI Mexico ETF | New | 0.05% | +0.05 |
| ANSS Ansys Inc. | Add +72.5% | 0.10% | +0.05 |
| AMP Ameriprise Financial Inc. | Add +29.8% | 0.17% | +0.05 |
| INDA iShares MSCI India ETF | Add +456.4% | 0.06% | +0.05 |
| BLK BlackRock Inc. | Add +14.3% | 0.25% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +81.4% | 0.09% | +0.05 |
| TTWO Take-Two Interactive Softwre | Add +64.2% | 0.10% | +0.05 |
| LRCX Lam Research Corp. | Add +0.3% | 0.19% | +0.04 |
| XYL Xylem Inc. | Add +29.5% | 0.16% | +0.04 |
| DASH DoorDash Inc. Class A | Add +16.3% | 0.12% | +0.04 |
| BNS Bank of Nova Scotia | Add +74.9% | 0.08% | +0.04 |
| SE Sea Ltd.-ADR | Add +3.0% | 0.20% | +0.04 |
| GM General Motors Co. | Add +27.4% | 0.16% | +0.04 |
| VLTO Veralto Corp. | Add +46.0% | 0.11% | +0.04 |
| DOV Dover Corp. | Add +46.8% | 0.11% | +0.03 |
| CAH Cardinal Health Inc. | Add +58.5% | 0.07% | +0.03 |
| IT Gartner Inc. | Add +46.3% | 0.12% | +0.03 |
| MSTR Strategy Inc. | Add +24.5% | 0.08% | +0.03 |
| FLUT Flutter Entertainment PLC-Di | Add +0.9% | 0.16% | +0.03 |
| MCO Moody's Corp. | Add +13.8% | 0.19% | +0.03 |
| EWP iShares MSCI Spain ETF | Add +17.1% | 0.12% | +0.03 |
| ADI Analog Devices Inc. | Add +5.8% | 0.17% | +0.03 |
| EME Emcor Group Inc. | Add +143.9% | 0.04% | +0.03 |
| TSCO Tractor Supply Company | Add +53.1% | 0.09% | +0.03 |
| EWG iShares MSCI Germany ETF | Add +18.2% | 0.11% | +0.02 |
| ADSK Autodesk Inc. | Add +1.2% | 0.18% | +0.02 |
| HPE Hewlett Packard Enterprise | Add +0.3% | 0.10% | +0.02 |
| COST Costco Wholesale Corp. | Add +2.0% | 0.68% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | put | Add +5431.4% | 2,765,700 | $860.1M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +28.1% | 3,714,100 | $843.0M |
| AAPL Apple Inc. | put | Add +10.1% | 2,269,500 | $454.0M |
| NVDA Nvidia Corp. | put | Reduce -72.2% | 2,580,000 | $407.6M |
| GOOG Alphabet Inc. Class C | put | Add +47.2% | 2,162,200 | $385.2M |
| MSFT Microsoft Corp. | call | Reduce -13.4% | 700,000 | $348.2M |
| AMZN Amazon.com Inc. | put | Add +70.7% | 1,408,100 | $308.9M |
| NVDA Nvidia Corp. | call | Reduce -37.4% | 1,916,000 | $302.5M |
| MSFT Microsoft Corp. | put | Reduce -88.9% | 505,900 | $251.9M |
| TSLA Tesla Inc. | put | Add +163.4% | 708,600 | $226.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 355,000 | $218.9M |
| COIN Coinbase Global Inc. Class A | put | Sold out | 1,250,000 | $213.8Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -34.9% | 369,800 | $203.5M |
| META Meta Platforms Inc. Class A | call | Add +10.7% | 262,200 | $193.6M |
| TSLA Tesla Inc. | call | Reduce -22.9% | 532,300 | $169.1M |
| NFLX Netflix Inc. | put | Add +222.5% | 123,200 | $164.3M |
| TLT iShares 20+ Year Treasury BD | call | Add +19.1% | 1,723,200 | $151.9M |
| CRM Salesforce Inc. | put | Add +5113.4% | 505,700 | $137.6M |
| TSM Taiwan Semiconductor-SP ADR | call | Add +26.8% | 597,000 | $135.5M |
| META Meta Platforms Inc. Class A | put | Reduce -80.9% | 169,900 | $125.9M |
| DB Deutsche Bank AG-Registered | call | Add +1.2% | 4,151,700 | $122.4M |
| ZS Zscaler Inc. | put | Reduce -73.1% | 347,400 | $108.4M |
| SPGI S&P Global Inc. | put | Add +6796.4% | 193,100 | $101.0M |
| PG The Procter & Gamble Co. | call | Reduce -6.9% | 588,800 | $93.8M |
| TLT iShares 20+ Year Treasury BD | put | New | 985,300 | $86.8M |
| CELH Celsius Holdings Inc. | put | Add +20.8% | 1,816,800 | $84.9M |
| UBER Uber Technologies Inc. | put | Reduce -31.7% | 894,400 | $82.9M |
| GOOGL Alphabet Inc. Class A | call | Add +17.7% | 457,700 | $81.2M |
| GOOG Alphabet Inc. Class C | call | Add +0.2% | 415,600 | $73.8M |
| AMZN Amazon.com Inc. | call | Add +108.2% | 301,400 | $66.1M |
| AVGO Broadcom Inc. | put | New | 236,000 | $65.1M |
| NOW ServiceNow Inc. | put | Reduce -80.0% | 62,900 | $64.3M |
| AAPL Apple Inc. | call | Add +84.9% | 321,300 | $64.3M |
| DXCM Dexcom Inc. | call | Reduce -1.8% | 646,600 | $56.2M |
| SCHW Schwab (charles) Corp. | put | Reduce -24.2% | 587,200 | $53.4M |
| EFA iShares MSCI Eafe ETF | call | Reduce -36.1% | 556,000 | $49.7M |
| PYPL PayPal Holdings Inc. | put | Sold out | 753,300 | $48.7Mbefore exit |
| NET Cloudflare Inc. Class A | call | Reduce -30.0% | 215,200 | $42.1M |
| CRM Salesforce Inc. | call | Reduce -16.6% | 154,100 | $41.5M |
| CSCO Cisco Systems Inc. | call | Add +14.3% | 595,400 | $41.2M |
| EEM iShares MSCI Emerging Market | call | Reduce -30.3% | 791,800 | $38.1M |
| GOOGL Alphabet Inc. Class A | put | Reduce -95.2% | 209,200 | $37.1M |
| MS Morgan Stanley | call | Add +0.9% | 239,900 | $33.6M |
| ADSK Autodesk Inc. | put | Reduce -7.3% | 105,600 | $32.4M |
| UNP Union Pacific Corp. | put | Reduce -23.4% | 139,400 | $32.2M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +481.0% | 58,100 | $32.0M |
| LLY Eli Lilly & Co. | call | Reduce -18.0% | 40,900 | $31.8M |
| OKTA Okta Inc. | call | Add +42.0% | 320,700 | $31.7M |
| ABNB Airbnb Inc. Class A | put | Reduce -18.2% | 233,100 | $30.9M |
| DDOG Datadog Inc. Class A | put | Sold out | 314,000 | $30.9Mbefore exit |
Showing the first 50 of 393.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 253,816,000 | $803.7M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +77.5% | 36,180,000 | $35.4M |
| TSM Taiwan Semiconductor-SP ADR | SPONSORED ADS · principal | Add +6.6% | 56,945 | $12.9M |
| SHV iShares 0-1 Year Treasury Bo | TRUST ISHARE 0-1 · principal | Reduce -25.3% | 64,900 | $7.2M |
| HDB HDFC Bank Ltd.-ADR | SPONSORED ADS · principal | Add +0.4% | 70,984 | $5.5M |
| EMHY iShares J.P. Morgan Em High | JP MRGN EM HI BD · principal | Add +6.3% | 126,800 | $4.9M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1983.3% | 4,000 | $4.7M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | New | 3,597 | $4.4M |
| IBN Icici Bank Ltd.-Spon ADR | ADR · principal | Reduce -2.1% | 114,339 | $3.9M |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD · principal | Reduce -9.0% | 42,700 | $3.5M |
| KB KB Financial Group Inc.-ADR | SPONSORED ADR · principal | Reduce -0.7% | 36,960 | $3.1M |
| ITUB Itau Unibanco H-Spon PRF ADR | SPON ADR REP PFD · principal | Add +10.6% | 435,171 | $3.0M |
| INFY Infosys Ltd.-SP ADR | SPONSORED ADR · principal | Add +3.6% | 151,765 | $2.8M |
| BABA Alibaba Group Holding-SP ADR | SPONSORED ADS · principal | Add +9.3% | 15,558 | $1.8M |
| BIL SS SPDR BB 1-3M T-Bill ETF | ST STR BLO 1 ETF · principal | Reduce -15.8% | 17,900 | $1.6M |
| PDD PDD Holdings Inc. | SPONSORED ADS · principal | Add +49.6% | 14,276 | $1.5M |
| SJNK SS SPDR BB St Hi Yield ETF | ST TERM HIGH ETF · principal | Reduce -62.0% | 39,500 | $1.0M |
| JD Jd.com Inc.-ADR | SPON ADS CL A · principal | Sold out | 21,003 | $862Kbefore exit |
| IEF iShares 7-10 Year Treasury B | 7-10 YR TRSY BD · principal | Sold out | 6,500 | $620Kbefore exit |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -0.1% | 13,227 | $277K |
| BEKE Ke Holdings Inc.-ADR | SPONSORED ADS · principal | Reduce -41.7% | 15,084 | $268K |
| SE Sea Ltd.-ADR | SPONSORD ADS · principal | Add +39.0% | 1,346 | $216K |
| PKX Posco Holdings Inc. -Spon ADR | SPONSORED ADR · principal | New | 4,161 | $202K |
| TME Tencent Music Entertainm-ADR | SPON ADS · principal | New | 3,163 | $62K |
| MNSO Miniso Group Holding Ltd.-ADR | SPONSORED ADS · principal | Sold out | 358 | $7Kbefore exit |
| YMM Full Truck Alliance -SPN ADR | SPONSORED ADS · principal | Sold out | 306 | $4Kbefore 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 | 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 |