HSBC Holdings PLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 20, 2026), HSBC Holdings PLC reported 2,305 stock positions worth $175.6 billion. Its top holding was Nvidia (NVDA) at 6.9% of the portfolio, followed by Microsoft (MSFT, 6.1%) and Apple (AAPL, 5.7%). Compared with Q3 2025, it opened 358 new positions, sold out of 246, added to 1,041 and reduced 842. The biggest buy was Alphabet Class A (GOOGL, shares +9%) and the biggest sale Ferrovial (FER, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0000873630
- Portfolio Value
- $175.6B (Q4 2025)
- SEC Filing
- 0000873630-26-000002 ↗ filed Mar 20, 2026
Holdings Value
Holdings 2,305 stocks · $175.6B
| NVDA Nvidia Corp. | 6.92% | 64,988,353 | $12.1B | Add +2.0% |
| MSFT Microsoft Corp. | 6.10% | 22,138,798 | $10.7B | Add +2.1% |
| AAPL Apple Inc. | 5.72% | 36,932,909 | $10.0B | Reduce -1.6% |
| AMZN Amazon.com Inc. | 3.54% | 26,874,377 | $6.2B | Add +6.3% |
| GOOGL Alphabet Inc. Class A | 2.94% | 16,466,253 | $5.2B | Add +9.3% |
| META Meta Platforms Inc. Class A | 2.78% | 7,379,582 | $4.9B | Add +34.3% |
| AVGO Broadcom Inc. | 2.41% | 12,216,956 | $4.2B | Add +2.5% |
| GOOG Alphabet Inc. Class C | 2.29% | 12,826,306 | $4.0B | Reduce -2.3% |
| TSLA Tesla Inc. | 2.01% | 7,837,312 | $3.5B | Reduce -2.2% |
| V Visa Inc. Class A | 1.48% | 7,408,406 | $2.6B | Add +1.8% |
| JPM JPMorgan Chase & Co. | 1.39% | 7,564,735 | $2.4B | Add +11.0% |
| LLY Eli Lilly & Co. | 1.22% | 1,984,556 | $2.1B | Add +5.0% |
| JNJ Johnson & Johnson | 1.09% | 9,237,953 | $1.9B | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.01% | 3,522,376 | $1.8B | Reduce -0.5% |
| CSCO Cisco Systems Inc. | 0.87% | 19,902,205 | $1.5B | Add +1.7% |
| UNH Unitedhealth Group Inc. | 0.74% | 3,916,041 | $1.3B | Reduce -10.9% |
| IVV iShares Core S&P 500 ETF | 0.73% | 1,871,052 | $1.3B | Add +248.6% |
| BABA Alibaba Group Holding-SP ADR | 0.72% | 8,595,904 | $1.3B | Add +7.2% |
| WMT Walmart Inc. | 0.69% | 10,797,752 | $1.2B | Add +19.6% |
| HD Home Depot Inc. | 0.66% | 3,345,200 | $1.2B | Add +3.6% |
| ORCL Oracle Corp. | 0.62% | 5,525,291 | $1.1B | Add +9.2% |
| MU Micron Technology Inc. | 0.61% | 3,728,557 | $1.1B | Add +12.8% |
| XOM Exxon Mobil Corp. | 0.60% | 8,740,543 | $1.1B | Reduce -0.7% |
| COST Costco Wholesale Corp. | 0.56% | 1,131,391 | $975.4M | Add +0.7% |
| AMD Advanced Micro Devices | 0.53% | 4,348,017 | $932.6M | Add +4.5% |
| ABBV Abbvie Inc. | 0.53% | 4,064,980 | $929.6M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.52% | 1,597,748 | $913.0M | Reduce -0.7% |
| NFLX Netflix Inc. | 0.49% | 9,216,494 | $864.5M | Add +1.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 15,621,705 | $859.3M | Add +6.8% |
| PG The Procter & Gamble Co. | 0.49% | 5,988,192 | $859.0M | Add +12.9% |
| MRK Merck & Co. Inc. | 0.48% | 8,075,449 | $850.5M | Reduce -3.7% |
| QCOM Qualcomm Inc. | 0.44% | 4,499,946 | $770.7M | Add +8.7% |
| PLTR Palantir Technologies Inc. Class A | 0.44% | 4,299,759 | $766.1M | Reduce -11.3% |
| WFC Wells Fargo & Co. | 0.42% | 7,964,715 | $743.2M | Add +7.9% |
| CRM Salesforce Inc. | 0.42% | 2,755,007 | $729.9M | Reduce -20.1% |
| BKNG Booking Holdings Inc. | 0.41% | 135,596 | $727.7M | Add +28.9% |
| AXP American Express Co. | 0.40% | 1,893,095 | $701.3M | Add +15.5% |
| GS Goldman Sachs Group Inc. | 0.39% | 776,108 | $683.0M | Add +19.7% |
| C Citigroup Inc. | 0.39% | 5,788,139 | $675.9M | Add +8.1% |
| KO The Coca-Cola Co. | 0.37% | 9,250,624 | $646.9M | Reduce -4.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 2,135,102 | $632.5M | Reduce -3.7% |
| AMAT Applied Materials Inc. | 0.36% | 2,444,695 | $629.1M | Add +4.9% |
| MS Morgan Stanley | 0.36% | 3,510,340 | $623.8M | Add +18.6% |
| LRCX Lam Research Corp. | 0.35% | 3,558,405 | $610.0M | Add +10.4% |
| GE General Electric filed as GE AEROSPACE | 0.34% | 1,907,599 | $588.9M | Reduce -9.8% |
| CAT Caterpillar Inc. | 0.33% | 1,012,216 | $580.2M | Add +10.3% |
| PEP Pepsico Inc. | 0.33% | 4,039,274 | $579.6M | Add +1.2% |
| CVX Chevron Corp. | 0.33% | 3,789,698 | $577.4M | Add +0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 4,855,099 | $552.0M | Reduce -8.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.31% | 1,806,757 | $551.5M | Add +31.3% |
| VZ Verizon Communications Inc. | 0.31% | 13,228,041 | $539.3M | Add +14.5% |
| WELL Welltower Inc. | 0.31% | 2,890,794 | $536.8M | Add +22.4% |
| NOW ServiceNow Inc. | 0.31% | 3,497,373 | $535.9M | Add +6.7% |
| PDD PDD Holdings Inc. | 0.30% | 4,669,352 | $529.5M | Reduce -44.5% |
| ADBE Adobe Inc. | 0.30% | 1,500,222 | $525.1M | Reduce -6.5% |
| TXN Texas Instruments Inc. | 0.30% | 2,985,576 | $518.4M | Reduce -1.8% |
| ABT Abbott Laboratories | 0.29% | 4,063,870 | $509.4M | Add +6.2% |
| AMGN Amgen Inc. | 0.29% | 1,537,251 | $503.6M | Add +7.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 3,123,789 | $480.3M | Reduce -4.7% |
| INTU Intuit Inc. | 0.27% | 719,257 | $476.7M | Add +8.3% |
| T AT&T Inc. | 0.27% | 19,091,945 | $474.5M | Add +5.5% |
| KLAC KLA Corp. | 0.27% | 388,594 | $473.1M | Add +38.8% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 806,928 | $468.1M | Add +1.4% |
| GILD Gilead Sciences Inc. | 0.26% | 3,775,156 | $463.6M | Reduce -4.3% |
| PLD Prologis Inc. | 0.26% | 3,581,795 | $457.4M | Add +10.8% |
| PM Philip Morris International | 0.26% | 2,827,513 | $454.0M | Add +0.8% |
| COF Capital One Financial Corp. | 0.25% | 1,843,293 | $447.5M | Add +17.5% |
| MCD McDonald's Corp. | 0.25% | 1,458,098 | $445.7M | Reduce -5.8% |
| GEV GE Vernova Inc. | 0.25% | 677,820 | $443.5M | Add +20.4% |
| SPGI S&P Global Inc. | 0.25% | 844,936 | $442.3M | Reduce -18.2% |
| INTC Intel Corp. | 0.25% | 11,807,443 | $436.3M | Reduce -3.7% |
| RTX RTX Corp. | 0.24% | 2,341,915 | $429.5M | Add +3.8% |
| NEM Newmont Corp. | 0.24% | 4,223,631 | $422.1M | Add +30.2% |
| CMCSA Comcast Corp. Class A | 0.23% | 13,797,091 | $404.4M | Add +43.5% |
| IYR iShares US Real Estate ETF | 0.23% | 4,245,726 | $399.7M | New |
| ISRG Intuitive Surgical Inc. | 0.23% | 702,369 | $398.2M | Reduce -11.4% |
| PFE Pfizer Inc. | 0.23% | 15,934,233 | $397.0M | Reduce -7.6% |
| SCHW Schwab (charles) Corp. | 0.23% | 3,955,974 | $396.0M | Add +4.3% |
| UBER Uber Technologies Inc. | 0.21% | 4,447,793 | $363.6M | Add +13.2% |
| ANET Arista Networks Inc. | 0.21% | 2,768,779 | $363.0M | Reduce -7.4% |
| EMB iShares JP Morgan Usd Emergi | 0.21% | 3,750,011 | $361.6M | Add +939.2% |
| EEM iShares MSCI Emerging Market | 0.21% | 6,591,631 | $360.6M | Reduce -27.7% |
| CMI Cummins Inc. | 0.20% | 700,726 | $357.9M | Reduce -5.2% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 6,424,715 | $347.4M | Add +33.8% |
| BSX Boston Scientific Corp. | 0.20% | 3,612,252 | $344.7M | Add +6.3% |
| BLK BlackRock Inc. | 0.19% | 318,791 | $342.0M | Reduce -5.9% |
| EQIX Equinix Inc. | 0.19% | 444,635 | $340.8M | Add +6.0% |
| GD General Dynamics Corp. | 0.19% | 983,862 | $331.3M | Add +53.9% |
| DHR Danaher Corp. | 0.19% | 1,442,791 | $330.5M | Reduce -11.1% |
| EXC Exelon Corp. | 0.19% | 7,579,131 | $330.5M | Add +49.5% |
| ADI Analog Devices Inc. | 0.19% | 1,210,247 | $329.0M | Add +4.7% |
| APH Amphenol Corp. Class A | 0.18% | 2,303,048 | $311.5M | Reduce -6.1% |
| LOW Lowe's Cos Inc. | 0.18% | 1,287,038 | $310.7M | Reduce -1.9% |
| CME Cme Group Inc. | 0.17% | 1,110,646 | $303.5M | Reduce -2.2% |
| NEE Nextera Energy Inc. | 0.17% | 3,766,636 | $302.4M | Reduce -2.0% |
| PGR Progressive Corp. | 0.17% | 1,366,794 | $301.7M | Add +7.4% |
| AMT American Tower Corp. | 0.17% | 1,713,268 | $301.0M | Add +10.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.17% | 3,631,206 | $292.9M | Add +1555.9% |
| GM General Motors Co. | 0.17% | 3,599,205 | $292.7M | Reduce -12.3% |
| AMP Ameriprise Financial Inc. | 0.17% | 593,738 | $291.6M | Add +3.7% |
Options reported separately and not counted above: META puts ($1.2B), NVDA puts ($837.7M), MSFT puts ($826.5M), GOOGL puts ($768.1M), TSLA puts ($757.8M), AMZN puts ($737.7M), NVDA calls ($717.6M), TSM puts ($603.9M), UNH puts ($600.5M), TSLA calls ($453.7M), AAPL calls ($436.1M), AMZN calls ($416.6M), and 585 more.
Other holdings (28): bonds, preferreds, convertibles and warrants · $377.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 198,066,000 | $307.6M | Reduce -13.4% |
| TSM Taiwan Semiconductor-SP ADR | SPONSORED ADS · principal | 58,307 | $17.7M | Add +2.4% |
| SHV iShares 0-1 Year Treasury Bo | TRUST ISHARE 0-1 · principal | 58,950 | $6.5M | Reduce -30.7% |
| EMHY iShares J.P. Morgan Em High | JP MRGN EM HI BD · principal | 152,300 | $6.1M | No change |
| HDB HDFC Bank Ltd.-ADR | SPONSORED ADS · principal | 161,188 | $5.9M | Add +16.5% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,682 | $4.5M | New |
| IBN Icici Bank Ltd.-Spon ADR | ADR · principal | 126,352 | $3.8M | Add +13.2% |
| INFY Infosys Ltd.-SP ADR | SPONSORED ADR · principal | 171,639 | $3.1M | Add +13.2% |
| KB KB Financial Group Inc.-ADR | SPONSORED ADR · principal | 35,278 | $3.0M | Reduce -7.7% |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD · principal | 35,150 | $2.9M | Reduce -14.7% |
| BABA Alibaba Group Holding-SP ADR | SPONSORED ADS · principal | 18,457 | $2.7M | Add +18.4% |
| SJNK SS SPDR BB St Hi Yield ETF | ST TERM HIGH ETF · principal | 94,750 | $2.4M | No change |
| ASX Ase Technology Holding -ADR | SPONSORED ADS · principal | 140,204 | $2.3M | New |
| ITUB Itau Unibanco H-Spon PRF ADR | SPON ADR REP PFD · principal | 286,252 | $2.0M | Add +15.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | ST STR BLO 1 ETF · principal | 19,700 | $1.8M | New |
| PDD PDD Holdings Inc. | SPONSORED ADS · principal | 13,783 | $1.6M | Add +5.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | IBOXX INV CP ETF · principal | 11,575 | $1.3M | Add +78.1% |
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | 25,000 | $755K | Reduce -28.6% |
| JNK SS SPDR BB High Yield Bond | ST BLOO HIGH ETF · principal | 5,800 | $564K | New |
| EMLC Vaneck JPM Em Local Curr BND | JP MRGAN EM LOC · principal | 16,000 | $413K | No change |
| VWOB Vanguard Emerg MKTS Gov BND | EM MK GOV BD ETF · principal | 4,500 | $303K | No change |
| BEKE Ke Holdings Inc.-ADR | SPONSORED ADS · principal | 16,956 | $267K | Add +11.7% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 13,227 | $253K | Add +0.4% |
| SE Sea Ltd.-ADR | SPONSORD ADS · principal | 948 | $121K | Reduce -40.7% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 20,979 | $56K | No change |
| EMB iShares JP Morgan Usd Emergi | JPMORGAN USD EMG · principal | 550 | $53K | No change |
| TME Tencent Music Entertainm-ADR | SPON ADS · principal | 632 | $11K | Reduce -80.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | IBOXX HI YD ETF · principal | 100 | $8K | No change |
Total filed on the 13F, all lines: $175.9B.
Portfolio Sells Q3 2025 → Q4 2025
| FER Ferrovial NV | Reduce -99.8% | 0.00% | −0.80 |
| PDD PDD Holdings Inc. | Reduce -44.5% | 0.30% | −0.35 |
| MKTX Marketaxess Holdings Inc. | Reduce -99.8% | 0.00% | −0.19 |
| BIDU Baidu Inc. - Spon ADR | Reduce -96.3% | 0.01% | −0.16 |
| UNH Unitedhealth Group Inc. | Reduce -10.9% | 0.74% | −0.16 |
| RY Royal Bank of Canada | Reduce -93.3% | 0.01% | −0.15 |
| MFC Manulife Financial Corp. | Sold out | 0.00% | −0.15 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -92.1% | 0.01% | −0.13 |
| EWJ iShares MSCI Japan ETF | Reduce -85.0% | 0.02% | −0.12 |
| FLUT Flutter Entertainment PLC-Di | Reduce -97.8% | 0.00% | −0.11 |
| PLTR Palantir Technologies Inc. Class A | Reduce -11.3% | 0.44% | −0.09 |
| TSLA Tesla Inc. | Reduce -2.2% | 2.01% | −0.09 |
| EEM iShares MSCI Emerging Market | Reduce -27.7% | 0.21% | −0.08 |
| LYV Live Nation Entertainment Inc. | Reduce -72.6% | 0.02% | −0.08 |
| AEM Agnico Eagle Mines Ltd. | Reduce -98.2% | 0.00% | −0.08 |
| ENB Enbridge Inc. | Reduce -99.8% | 0.00% | −0.08 |
| BNS Bank of Nova Scotia | Sold out | 0.00% | −0.07 |
| SLF Sun Life Financial Inc. | Sold out | 0.00% | −0.07 |
| EA Electronic Arts Inc. | Reduce -53.7% | 0.06% | −0.07 |
| CRM Salesforce Inc. | Reduce -20.1% | 0.42% | −0.07 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -45.8% | 0.06% | −0.06 |
| AZO AutoZone Inc. | Reduce -25.6% | 0.07% | −0.06 |
| PBA Pembina Pipeline Corp. | Sold out | 0.00% | −0.06 |
| DHI D.R. Horton Inc. | Reduce -44.6% | 0.05% | −0.06 |
| K Kellanova | Sold out | 0.00% | −0.05 |
| TD Toronto-Dominion Bank | Reduce -94.5% | 0.00% | −0.05 |
| CM Can Imperial BK of Commerce | Sold out | 0.00% | −0.05 |
| ANET Arista Networks Inc. | Reduce -7.4% | 0.21% | −0.05 |
| EWW iShares MSCI Mexico ETF | Reduce -99.3% | 0.00% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -24.8% | 0.14% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -10.1% | 0.13% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -69.5% | 0.02% | −0.05 |
| SPGI S&P Global Inc. | Reduce -18.2% | 0.25% | −0.05 |
| DIS The Walt Disney Co. | Reduce -8.2% | 0.31% | −0.04 |
| UBS UBS Group AG-Reg | Reduce -99.7% | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 1.01% | −0.04 |
| GE General Electric | Reduce -9.8% | 0.34% | −0.04 |
| ORLY O'reilly Automotive Inc. | Reduce -14.5% | 0.09% | −0.04 |
| BLK BlackRock Inc. | Reduce -5.9% | 0.19% | −0.04 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.04 |
| INFY Infosys Ltd.-SP ADR | Reduce -45.3% | 0.05% | −0.04 |
| ADBE Adobe Inc. | Reduce -6.5% | 0.30% | −0.04 |
| AXON Axon Enterprise Inc. | Reduce -24.9% | 0.05% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -52.5% | 0.03% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -1.8% | 0.30% | −0.03 |
| FERG Ferguson Enterprises Inc. | Reduce -41.3% | 0.04% | −0.03 |
| FTNT Fortinet Inc. | Reduce -24.9% | 0.07% | −0.03 |
| PFE Pfizer Inc. | Reduce -7.6% | 0.23% | −0.03 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.03 |
| SW Smurfit Westrock PLC | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +9.3% | 2.94% | +0.77 |
| IVV iShares Core S&P 500 ETF | Add +248.6% | 0.73% | +0.52 |
| META Meta Platforms Inc. Class A | Add +34.3% | 2.78% | +0.39 |
| LLY Eli Lilly & Co. | Add +5.0% | 1.22% | +0.37 |
| MU Micron Technology Inc. | Add +12.8% | 0.61% | +0.28 |
| AMZN Amazon.com Inc. | Add +6.3% | 3.54% | +0.25 |
| IYR iShares US Real Estate ETF | New | 0.23% | +0.23 |
| EMB iShares JP Morgan Usd Emergi | Add +939.2% | 0.21% | +0.19 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +1555.9% | 0.17% | +0.16 |
| WMT Walmart Inc. | Add +19.6% | 0.69% | +0.13 |
| AMD Advanced Micro Devices | Add +4.5% | 0.53% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +11.0% | 1.39% | +0.12 |
| EWY iShares MSCI South Korea ETF | Add +1764.2% | 0.11% | +0.10 |
| LRCX Lam Research Corp. | Add +10.4% | 0.35% | +0.09 |
| KLAC KLA Corp. | Add +38.8% | 0.27% | +0.09 |
| AVGO Broadcom Inc. | Add +2.5% | 2.41% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +31.3% | 0.31% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +19.7% | 0.39% | +0.08 |
| CSCO Cisco Systems Inc. | Add +1.7% | 0.87% | +0.08 |
| NEM Newmont Corp. | Add +30.2% | 0.24% | +0.08 |
| BKNG Booking Holdings Inc. | Add +28.9% | 0.41% | +0.08 |
| AXP American Express Co. | Add +15.5% | 0.40% | +0.08 |
| MS Morgan Stanley | Add +18.6% | 0.36% | +0.08 |
| AMAT Applied Materials Inc. | Add +4.9% | 0.36% | +0.08 |
| CAT Caterpillar Inc. | Add +10.3% | 0.33% | +0.07 |
| BMY Bristol-Myers Squibb Co. | Add +33.8% | 0.20% | +0.07 |
| HLT Hilton Worldwide Holdings Inc. | Add +99.2% | 0.13% | +0.07 |
| C Citigroup Inc. | Add +8.1% | 0.39% | +0.07 |
| ACN Accenture PLC Class A | Add +87.1% | 0.13% | +0.06 |
| GD General Dynamics Corp. | Add +53.9% | 0.19% | +0.06 |
| IYF iShares US Financials ETF | New | 0.06% | +0.06 |
| WFC Wells Fargo & Co. | Add +7.9% | 0.42% | +0.06 |
| COF Capital One Financial Corp. | Add +17.5% | 0.25% | +0.06 |
| RKLB Rocket Lab Corp. | Add +613.9% | 0.06% | +0.06 |
| WELL Welltower Inc. | Add +22.4% | 0.31% | +0.06 |
| STLD Steel Dynamics Inc. | Add +92.4% | 0.10% | +0.06 |
| MAR Marriott International Class A | Add +65.2% | 0.11% | +0.05 |
| EXC Exelon Corp. | Add +49.5% | 0.19% | +0.05 |
| CI The Cigna Group | Add +60.0% | 0.16% | +0.05 |
| CMCSA Comcast Corp. Class A | Add +43.5% | 0.23% | +0.05 |
| AMGN Amgen Inc. | Add +7.7% | 0.29% | +0.05 |
| GEV GE Vernova Inc. | Add +20.4% | 0.25% | +0.05 |
| IDU iShares US Utilities ETF | Add +24187.0% | 0.04% | +0.04 |
| BAC Bank of America Corp. | Add +6.8% | 0.49% | +0.04 |
| EMR Emerson Electric Co. | Add +55.2% | 0.13% | +0.04 |
| IYH iShares U.S. Healthcare ETF | Add +1008.8% | 0.05% | +0.04 |
| PLD Prologis Inc. | Add +10.8% | 0.26% | +0.04 |
| LITE Lumentum Holdings Inc. | Add +6239.0% | 0.04% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +1.4% | 0.27% | +0.04 |
| CVNA Carvana Co. | Add +239.6% | 0.05% | +0.04 |
Options Activity Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | put | Add +9851.6% | 1,831,100 | $1.2B |
| NVDA Nvidia Corp. | put | Add +65.0% | 4,439,500 | $837.7M |
| MSFT Microsoft Corp. | put | Add +11.7% | 1,702,000 | $826.5M |
| GOOGL Alphabet Inc. Class A | put | Add +457.7% | 2,453,700 | $768.1M |
| TSLA Tesla Inc. | put | Add +31.5% | 1,670,200 | $757.8M |
| AMZN Amazon.com Inc. | put | Add +452.5% | 3,188,600 | $737.7M |
| NVDA Nvidia Corp. | call | Add +145.0% | 3,820,900 | $717.6M |
| TSM Taiwan Semiconductor-SP ADR | put | Add +88.0% | 1,974,200 | $603.9M |
| UNH Unitedhealth Group Inc. | put | Reduce -22.8% | 1,815,000 | $600.5M |
| TSLA Tesla Inc. | call | Add +217.9% | 1,002,200 | $453.7M |
| AAPL Apple Inc. | call | Add +576.1% | 1,602,400 | $436.1M |
| AMZN Amazon.com Inc. | call | Add +324.2% | 1,803,400 | $416.6M |
| EEM iShares MSCI Emerging Market | put | Add +15.2% | 7,040,000 | $385.2M |
| TSM Taiwan Semiconductor-SP ADR | call | Add +33.1% | 1,256,900 | $383.4M |
| MSFT Microsoft Corp. | call | Add +98.3% | 744,000 | $360.3M |
| META Meta Platforms Inc. Class A | call | Add +52.6% | 510,900 | $337.6M |
| BKNG Booking Holdings Inc. | put | Add +238.1% | 61,200 | $329.0M |
| ORCL Oracle Corp. | put | Add +34.8% | 1,657,900 | $325.9M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +11.2% | 486,000 | $300.1M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +696.9% | 463,000 | $285.9M |
| AAPL Apple Inc. | put | Add +80.8% | 1,042,700 | $284.4M |
| GOOGL Alphabet Inc. Class A | call | Add +814.1% | 885,800 | $277.3M |
| GOOG Alphabet Inc. Class C | call | Add +100.6% | 752,100 | $236.0M |
| BABA Alibaba Group Holding-SP ADR | put | Add +726.6% | 1,544,100 | $225.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -23.0% | 322,700 | $221.0M |
| NET Cloudflare Inc. Class A | call | Add +578.4% | 1,037,200 | $206.5M |
| AMD Advanced Micro Devices | put | Add +442.3% | 943,100 | $203.5M |
| NFLX Netflix Inc. | call | Add +180.2% | 2,160,000 | $202.6M |
| AVGO Broadcom Inc. | put | New | 487,500 | $169.6M |
| BABA Alibaba Group Holding-SP ADR | call | Add +626.1% | 1,137,800 | $166.6M |
| AMD Advanced Micro Devices | call | Add +846.9% | 745,200 | $160.4M |
| LITE Lumentum Holdings Inc. | call | New | 400,000 | $147.8M |
| AVGO Broadcom Inc. | call | New | 392,900 | $136.3M |
| IBM Intl Business Machines Corp. | call | Reduce -22.7% | 451,200 | $133.6M |
| DB Deutsche Bank AG-Registered | put | Sold out | 3,464,900 | $121.8Mbefore exit |
| DB Deutsche Bank AG-Registered | call | Sold out | 3,398,300 | $119.5Mbefore exit |
| UBER Uber Technologies Inc. | call | Add +4257.4% | 1,442,300 | $118.0M |
| HLT Hilton Worldwide Holdings Inc. | put | New | 400,000 | $115.3M |
| DIA SS SPDR Dow Jones Indus Avg | call | New | 235,000 | $113.3M |
| EEM iShares MSCI Emerging Market | call | Add +154.2% | 1,944,400 | $106.4M |
| CI The Cigna Group | put | Add +769.4% | 335,600 | $92.8M |
| ASTS Ast Spacemobile Inc. | call | New | 1,225,000 | $90.1M |
| MP MP Materials Corp. | call | New | 1,717,000 | $86.8M |
| DXCM Dexcom Inc. | call | Add +62.0% | 1,274,400 | $84.9M |
| BE Bloom Energy Corp. Class A | call | New | 951,200 | $82.5M |
| UBER Uber Technologies Inc. | put | Add +147.3% | 983,500 | $80.5M |
| MU Micron Technology Inc. | put | Add +1753.3% | 278,000 | $79.9M |
| GOOG Alphabet Inc. Class C | put | Reduce -47.9% | 252,700 | $79.3M |
| BDX Becton Dickinson and Co. | put | New | 350,000 | $68.4M |
| BAC Bank of America Corp. | put | Add +243.8% | 1,218,700 | $67.1M |
Showing the first 50 of 574.
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
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -13.4% | 198,066,000 | $307.6M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 35,000,000 | $34.7Mbefore exit |
| TSM Taiwan Semiconductor-SP ADR | SPONSORED ADS · principal | Add +2.4% | 58,307 | $17.7M |
| SHV iShares 0-1 Year Treasury Bo | TRUST ISHARE 0-1 · principal | Reduce -30.7% | 58,950 | $6.5M |
| HDB HDFC Bank Ltd.-ADR | SPONSORED ADS · principal | Add +16.5% | 161,188 | $5.9M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 3,682 | $4.5M |
| IBN Icici Bank Ltd.-Spon ADR | ADR · principal | Add +13.2% | 126,352 | $3.8M |
| INFY Infosys Ltd.-SP ADR | SPONSORED ADR · principal | Add +13.2% | 171,639 | $3.1M |
| KB KB Financial Group Inc.-ADR | SPONSORED ADR · principal | Reduce -7.7% | 35,278 | $3.0M |
| SHY iShares 1-3 Year Treasury Bo | 1 3 YR TREAS BD · principal | Reduce -14.7% | 35,150 | $2.9M |
| BABA Alibaba Group Holding-SP ADR | SPONSORED ADS · principal | Add +18.4% | 18,457 | $2.7M |
| ASX Ase Technology Holding -ADR | SPONSORED ADS · principal | New | 140,204 | $2.3M |
| ITUB Itau Unibanco H-Spon PRF ADR | SPON ADR REP PFD · principal | Add +15.4% | 286,252 | $2.0M |
| BIL SS SPDR BB 1-3M T-Bill ETF | ST STR BLO 1 ETF · principal | New | 19,700 | $1.8M |
| PDD PDD Holdings Inc. | SPONSORED ADS · principal | Add +5.4% | 13,783 | $1.6M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | IBOXX INV CP ETF · principal | Add +78.1% | 11,575 | $1.3M |
| SPSB SS SPDR P St C Corp. ETF | ST SHOR CORP ETF · principal | Reduce -28.6% | 25,000 | $755K |
| JNK SS SPDR BB High Yield Bond | ST BLOO HIGH ETF · principal | New | 5,800 | $564K |
| BEKE Ke Holdings Inc.-ADR | SPONSORED ADS · principal | Add +11.7% | 16,956 | $267K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +0.4% | 13,227 | $253K |
| SE Sea Ltd.-ADR | SPONSORD ADS · principal | Reduce -40.7% | 948 | $121K |
| TME Tencent Music Entertainm-ADR | SPON ADS · principal | Reduce -80.0% | 632 | $11K |
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 |