Icon Advisers Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Icon Advisers Inc. reported 156 stock positions worth $448.1 million. Its top holding was LPL Financial (LPLA) at 2.7% of the portfolio, followed by Alamo (ALG, 2.2%) and Mastercard Class A (MA, 2.1%). Compared with Q4 2023, it opened 16 new positions, sold out of 14, added to 12 and reduced 20. The biggest buy was a new position in Equitrans Midstream (ETRN) and the biggest sale an exit from Apollo Senior Floating Rate (AFT).

Most Recent 13F
Q2 2026
Location
GREENWOOD VILLAGE, CO
CIK
0001058470
Portfolio Value
$448.1M (Q1 2024)
SEC Filing
0001058470-24-000003 ↗ filed May 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $448.1M $448.1M Q1 2024 Q2 2024: $432.9M Q2 2024 Q3 2024: $456.3M Q3 2024 Q4 2024: $436.6M Q4 2024 Q1 2025: $422.7M Q1 2025 Q2 2025: $434.5M Q2 2025 Q3 2025: $452.0M Q3 2025 Q4 2025: $454.1M Q4 2025 Q1 2026: $424.4M Q1 2026 Q2 2026: $525.4M Q2 2026

Holdings 156 stocks · $448.1M
LPLA LPL Financial Holdings Inc. 2.71% 45,632 $12.2M No change
ALG Alamo Group Inc. 2.24% 46,830 $10.0M No change
MA Mastercard Inc. Class A 2.14% 20,080 $9.6M No change
AWI Armstrong World Industries 2.06% 74,900 $9.2M Add +12.0%
ECAT BlackRock ESG Cap All TRM TR 2.05% 529,843 $9.2M Add +75.3%
WMS Advanced Drainage Systems Inc. 1.52% 39,850 $6.8M No change
TRN Trinity Industries Inc. 1.45% 238,403 $6.5M No change
ANET Arista Networks Inc. 1.42% 21,300 $6.4M Reduce -22.8%
NKE Nike Inc. Class B 1.32% 63,892 $5.9M No change
JPM JPMorgan Chase & Co. 1.22% 27,587 $5.5M No change
GPN Global Payments Inc. 1.20% 41,382 $5.4M No change
SNX TD Synnex Corp. 1.19% 47,400 $5.3M No change
MOH Molina Healthcare Inc. 1.19% 13,200 $5.3M Reduce -10.8%
BKR Baker Hughes Co. 1.18% 157,673 $5.3M No change
UNP Union Pacific Corp. 1.15% 21,230 $5.2M No change
ELV Elevance Health Inc. 1.12% 9,700 $5.0M No change
AROC Archrock Inc. 1.10% 250,000 $5.0M Reduce -44.4%
CX Cemex Sab-Spons ADR Part Cer 1.10% 545,000 $4.9M Add +4.8%
GTLS Chart Industries Inc. 1.10% 30,795 $4.9M No change
EPD Enterprise Products Partners 1.09% 167,000 $4.9M No change
ADBE Adobe Inc. 1.09% 9,745 $4.9M No change
TSM Taiwan Semiconductor-SP ADR 1.09% 34,500 $4.9M No change
AIR Aar Corp. 1.05% 80,000 $4.7M No change
PTEN Patterson-Uti Energy Inc. 1.05% 400,000 $4.7M No change
BLBD Blue Bird Corp. 1.03% 120,000 $4.6M Reduce -25.0%
UNH Unitedhealth Group Inc. 1.02% 9,319 $4.6M No change
ETRN Equitrans Midstream Corp. 0.98% 350,000 $4.4M New
PFGC Performance Food Group Co. 0.92% 55,600 $4.1M No change
DECK Deckers Outdoor Corp. 0.87% 4,200 $3.9M Reduce -8.7%
CRM Salesforce Inc. 0.87% 12,900 $3.9M No change
RAMP Liveramp Holdings Inc. 0.87% 114,300 $3.9M No change
MAS Masco Corp. 0.87% 50,000 $3.9M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.85% 101,590 $3.8M No change
EBAY eBay Inc. 0.85% 72,761 $3.8M No change
SABA Saba Capital Income & Opport 0.84% 985,095 $3.8M Reduce -31.1%
ADSK Autodesk Inc. 0.84% 14,500 $3.8M No change
OSK Oshkosh Corp. 0.84% 30,500 $3.8M No change
GLNG Golar LNG Ltd. 0.83% 155,000 $3.7M No change
FTNT Fortinet Inc. 0.83% 55,000 $3.7M No change
GVA Granite Construction Inc. 0.82% 65,000 $3.7M New
CI The Cigna Group 0.82% 10,100 $3.7M No change
LUV Southwest Airlines Co. 0.82% 125,400 $3.7M Add +5.5%
CHX Championx Corp. 0.79% 100,000 $3.5M No change
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.79% 180,000 $3.5M Reduce -25.0%
WWD Woodward Inc. 0.79% 23,000 $3.5M No change
GOOG Alphabet Inc. Class C 0.78% 22,300 $3.5M No change
NJR New Jersey Resources Corp. 0.77% 81,385 $3.5M Add +247.8%
TEX Terex Corp. 0.77% 53,400 $3.4M Reduce -1.5%
OGS One Gas Inc. 0.75% 53,157 $3.4M Add +182.8%
JBLU Jetblue Airways Corp. 0.75% 475,000 $3.4M Reduce -12.8%
MGA Magna International Inc. 0.74% 62,157 $3.3M No change
EEFT Euronet Worldwide Inc. 0.73% 30,177 $3.3M No change
TMUS T-Mobile US Inc. 0.73% 20,100 $3.3M New
VOD Vodafone Group PLC-SP ADR 0.71% 363,700 $3.2M New
META Meta Platforms Inc. Class A 0.71% 6,500 $3.2M No change
NOV Nov Inc. 0.70% 160,000 $3.2M No change
CC The Chemours Co. 0.70% 109,015 $3.1M No change
ODFL Old Dominion Freight Line 0.69% 14,200 $3.1M No change
HUM Humana Inc. 0.68% 8,700 $3.1M No change
CDW CDW Corp. 0.67% 11,800 $3.0M No change
SKX Skechers USA Inc. Class A 0.65% 47,800 $2.9M Reduce -10.7%
HEES H&E Equipment Services Inc. 0.65% 46,000 $2.9M No change
OLED Universal Display Corp. 0.62% 16,600 $2.8M No change
XCMUX MFS High Yield Municipal TR 0.61% 832,355 $2.8M Add +11.7%
GSK GSK PLC-Spon ADR 0.61% 64,800 $2.7M No change
DTE DTE Energy Company 0.61% 24,600 $2.7M New
AMGN Amgen Inc. 0.61% 9,600 $2.7M No change
CSCO Cisco Systems Inc. 0.60% 53,900 $2.7M No change
HCA HCA Healthcare Inc. 0.59% 8,000 $2.6M No change
CNI Canadian Natl Railway Co. 0.59% 20,000 $2.6M No change
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.59% 240,000 $2.6M New
VGR Vector Group Ltd. 0.58% 243,300 $2.6M No change
OII Oceaneering Intl Inc. 0.58% 110,000 $2.6M New
GBX Greenbrier Companies Inc. 0.57% 50,000 $2.6M No change
CSX CSX Corp. 0.57% 69,500 $2.6M No change
CRS Carpenter Technology 0.56% 35,000 $2.5M New
SU Suncor Energy Inc. 0.54% 65,000 $2.4M Reduce -22.6%
EHC Encompass Health Corp. 0.54% 29,100 $2.4M No change
GLOB Globant SA 0.54% 11,900 $2.4M No change
EVRG Evergy Inc. 0.53% 45,300 $2.4M Reduce -6.4%
GSBD Goldman Sachs BDC Inc. 0.53% 158,364 $2.4M Reduce -35.9%
ING ING Groep N.V.-Sponsored ADR 0.53% 144,100 $2.4M No change
MRSH Marsh & McLennan Cos 0.52% 11,500 $2.3M No change
SEM Select Medical Holdings Corp. 0.52% 78,800 $2.3M No change
IQV Iqvia Holdings Inc. 0.51% 9,238 $2.3M No change
SWN Southwestern Energy Co. 0.51% 300,000 $2.3M Reduce -40.0%
PEGA Pegasystems Inc. 0.49% 35,000 $2.2M No change
V Visa Inc. Class A 0.49% 7,850 $2.2M No change
GDDY GoDaddy Inc. Class A 0.48% 17,600 $2.1M No change
GNTX Gentex Corp. 0.47% 58,500 $2.1M No change
MRK Merck & Co. Inc. 0.47% 16,100 $2.1M No change
NS Nustar Energy LP 0.46% 90,000 $2.1M Reduce -43.8%
AZN Astrazeneca PLC-Spons ADR 0.45% 30,000 $2.0M No change
NXST Nexstar Media Group Inc. 0.45% 11,800 $2.0M No change
XRSFX Rivernorth Capital & Income 0.45% 127,208 $2.0M Reduce -6.5%
LMT Lockheed Martin Corp. 0.44% 4,400 $2.0M No change
ALKS Alkermes PLC 0.44% 72,200 $2.0M No change
AIZ Assurant Inc. 0.43% 10,300 $1.9M No change
CXH MFS Investment Grade Muni 0.43% 252,561 $1.9M Add +26.0%
ACGL Arch Capital Group Ltd. 0.42% 20,500 $1.9M No change

Show all 156 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $12.4M (not counted above)
SecurityClassShares / PrincipalValueChange
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D 381,115$9.6MReduce -1.9%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,828$2.2MReduce -57.3%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 500$605KReduce -28.6%

Total filed on the 13F, all lines: $460.5M.

Portfolio Sells Q4 2023 → Q1 2024
AFT Apollo Senior Floating Rate Sold out 0.00% −1.06
EPAM Epam Systems Inc. Sold out 0.00% −1.04
SAIA Saia Inc. Sold out 0.00% −0.88
MFC Manulife Financial Corp. Sold out 0.00% −0.62
FLG New York Community Bancorp Sold out 0.00% −0.57
AROC Archrock Inc. Reduce -44.4% 1.10% −0.54
NLY Annaly Capital Management Inc. Sold out 0.00% −0.53
PDO PIMCO Dynamic Income Opport Sold out 0.00% −0.45
SABA Saba Capital Income & Opport Reduce -31.1% 0.84% −0.45
PHM Pultegroup Inc. Sold out 0.00% −0.44
BOOM DMC Global Inc. Reduce -50.0% 0.32% −0.35
LTHM Livent Corp. Sold out 0.00% −0.34
GSBD Goldman Sachs BDC Inc. Reduce -35.9% 0.53% −0.33
HOFT Hooker Furnishings Corp. Sold out 0.00% −0.30
VDE Vanguard Energy ETF Sold out 0.00% −0.28
SWN Southwestern Energy Co. Reduce -40.0% 0.51% −0.27
NS Nustar Energy LP Reduce -43.8% 0.46% −0.25
MTZ Mastec Inc. Sold out 0.00% −0.24
HFRO Highland Opport & Income Sold out 0.00% −0.24
XEL Xcel Energy Inc. Reduce -47.5% 0.17% −0.23
KALU Kaiser Aluminum Corp. Reduce -53.4% 0.26% −0.22
YPF YPF S.A.-Sponsored ADR Reduce -25.0% 0.79% −0.19
SEDG Solaredge Technologies Inc. Sold out 0.00% −0.18
SKX Skechers USA Inc. Class A Reduce -10.7% 0.65% −0.14
ANET Arista Networks Inc. Reduce -22.8% 1.42% −0.12
SU Suncor Energy Inc. Reduce -22.6% 0.54% −0.10
MOH Molina Healthcare Inc. Reduce -10.8% 1.19% −0.08
EVRG Evergy Inc. Reduce -6.4% 0.53% −0.07
XRSFX Rivernorth Capital & Income Reduce -6.5% 0.45% −0.06
BKLN Invesco Senior Loan ETF Reduce -3.9% 0.12% −0.01
BLBD Blue Bird Corp. Reduce -25.0% 1.03% +0.00
TEX Terex Corp. Reduce -1.5% 0.77% +0.03
JBLU Jetblue Airways Corp. Reduce -12.8% 0.75% +0.03
DECK Deckers Outdoor Corp. Reduce -8.7% 0.87% +0.14

Portfolio Buys Q4 2023 → Q1 2024
ETRN Equitrans Midstream Corp. New 0.98% +0.98
ECAT BlackRock ESG Cap All TRM TR Add +75.3% 2.05% +0.90
GVA Granite Construction Inc. New 0.82% +0.82
TMUS T-Mobile US Inc. New 0.73% +0.73
VOD Vodafone Group PLC-SP ADR New 0.71% +0.71
DTE DTE Energy Company New 0.61% +0.61
HOS Hornbeck Offshore Services I New 0.59% +0.59
OII Oceaneering Intl Inc. New 0.58% +0.58
CRS Carpenter Technology New 0.56% +0.56
NJR New Jersey Resources Corp. Add +247.8% 0.77% +0.53
AWI Armstrong World Industries Add +12.0% 2.06% +0.50
OGS One Gas Inc. Add +182.8% 0.75% +0.47
HMN Horace Mann Educators New 0.40% +0.40
CEM Clearbridge MLP & Midstream New 0.39% +0.39
NEW AMERICA HIGH INCOME FUND New 0.39% +0.39
HAYN Haynes International Inc. New 0.38% +0.38
KEY Keycorp New 0.37% +0.37
CLEARBRIDGE MLP AND MIDSTRM New 0.23% +0.23
SJNK SS SPDR BB St Hi Yield ETF Add +246.7% 0.29% +0.20
DAN Dana Inc. Add +145.4% 0.38% +0.19
CX Cemex Sab-Spons ADR Part Cer Add +4.8% 1.10% +0.15
DAL Delta Air Lines Inc. Add +47.1% 0.19% +0.08
AGNC AGNC Investment Corp. Add +43.0% 0.27% +0.07
CXH MFS Investment Grade Muni Add +26.0% 0.43% +0.07
GUSH Direxion Daily S&P Oil & Gas New 0.06% +0.06
XMUIX BlackRock Municipal Income New 0.05% +0.05
XCMUX MFS High Yield Municipal TR Add +11.7% 0.61% +0.03
LUV Southwest Airlines Co. Add +5.5% 0.82% +0.00

Notes & Other Activity Q4 2023 → Q1 2024
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D Reduce -1.9% 381,115 $9.6M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -57.3% 1,828 $2.2M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -28.6% 500 $605K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 194$525.4MSTX, PLOW, AVT, MSM, CC
Q1 2026 143$424.4MJFR, STX, CENX, PSX, DINO
Q4 2025 182$454.1MJFR, STX, LPLA, CENX, DINO
Q3 2025Amended 175$452.0MSTX, CC, LPLA, NFG, TTI
Q2 2025 186$434.5MLPLA, KALU, NFG, HYI, JPM
Q1 2025 156$422.7MLPLA, DNOW, NFG, KALU, ZTO
Q4 2024 173$436.6MLPLA, AWI, TRN, CC, NFG
Q3 2024 155$456.3MXMUIX, AWI, TRN, CC, LPLA
Q2 2024 179$432.9MLPLA, MA, AWI, ALG, TRN
Q1 2024 156$448.1MLPLA, ALG, MA, AWI, ECAT