Icon Advisers Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Icon Advisers Inc. reported 179 stock positions worth $432.9 million. Its top holding was LPL Financial (LPLA) at 3.0% of the portfolio, followed by Mastercard Class A (MA, 2.0%) and Armstrong World Industries (AWI, 1.9%). Compared with Q1 2024, it opened 37 new positions, sold out of 14, added to 12 and reduced 32. The biggest buy was BlackRock Municipal Income (XMUIX, shares +2123%) and the biggest sale an exit from Saba Capital Income & Opport (SABA).

Most Recent 13F
Q2 2026
Location
GREENWOOD VILLAGE, CO
CIK
0001058470
Portfolio Value
$432.9M (Q2 2024)
SEC Filing
0001058470-24-000004 ↗ filed Aug 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $448.1M Q1 2024 Q2 2024: $432.9M $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 179 stocks · $432.9M
LPLA LPL Financial Holdings Inc. 2.95% 45,282 $12.8M Reduce -0.8%
MA Mastercard Inc. Class A 2.01% 19,905 $8.7M Reduce -0.9%
AWI Armstrong World Industries 1.93% 74,900 $8.3M No change
ALG Alamo Group Inc. 1.78% 46,105 $7.7M Reduce -1.6%
TRN Trinity Industries Inc. 1.61% 238,403 $7.0M No change
ECAT BlackRock ESG Cap All TRM TR 1.60% 392,562 $6.9M Reduce -25.9%
ANET Arista Networks Inc. 1.44% 17,500 $6.2M Reduce -17.8%
BLBD Blue Bird Corp. 1.41% 120,000 $6.1M No change
TSM Taiwan Semiconductor-SP ADR 1.37% 34,500 $5.9M No change
XMUIX BlackRock Municipal Income 1.31% 460,152 $5.7M Add +2123.0%
AIR Aar Corp. 1.30% 80,000 $5.6M No change
BKR Baker Hughes Co. 1.27% 157,673 $5.5M No change
SNX TD Synnex Corp. 1.25% 47,400 $5.4M No change
JPM JPMorgan Chase & Co. 1.20% 25,387 $5.2M Reduce -8.0%
ELV Elevance Health Inc. 1.20% 9,700 $5.2M No change
GLNG Golar LNG Ltd. 1.13% 155,000 $4.9M No change
EPD Enterprise Products Partners 1.12% 167,000 $4.8M No change
UNP Union Pacific Corp. 1.10% 21,230 $4.8M No change
NKE Nike Inc. Class B 1.10% 61,770 $4.7M Reduce -3.3%
META Meta Platforms Inc. Class A 1.07% 9,200 $4.6M Add +41.5%
ADBE Adobe Inc. 1.07% 8,285 $4.6M Reduce -15.0%
UNH Unitedhealth Group Inc. 1.06% 9,319 $4.6M No change
ETRN Equitrans Midstream Corp. 1.04% 350,000 $4.5M No change
WMS Advanced Drainage Systems Inc. 1.03% 28,572 $4.5M Reduce -28.3%
GTLS Chart Industries Inc. 1.00% 30,795 $4.3M No change
GOOG Alphabet Inc. Class C 0.95% 22,300 $4.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.94% 101,590 $4.1M No change
PTEN Patterson-Uti Energy Inc. 0.93% 400,000 $4.0M No change
GPN Global Payments Inc. 0.91% 41,382 $4.0M No change
WWD Woodward Inc. 0.91% 23,000 $3.9M No change
GVA Granite Construction Inc. 0.90% 65,000 $3.9M No change
MOH Molina Healthcare Inc. 0.89% 13,200 $3.9M No change
CRS Carpenter Technology 0.86% 35,000 $3.7M No change
EBAY eBay Inc. 0.86% 70,561 $3.7M Reduce -3.0%
RAMP Liveramp Holdings Inc. 0.84% 114,300 $3.6M No change
SJNK SS SPDR BB St Hi Yield ETF 0.84% 146,000 $3.6M Add +180.8%
TMUS T-Mobile US Inc. 0.83% 20,100 $3.6M No change
ADSK Autodesk Inc. 0.82% 14,500 $3.6M No change
LUV Southwest Airlines Co. 0.81% 125,400 $3.5M No change
ZTO Zto Express Cayman Inc.-ADR 0.81% 170,000 $3.5M Add +100.0%
OLED Universal Display Corp. 0.80% 16,600 $3.5M No change
CX Cemex Sab-Spons ADR Part Cer 0.79% 545,000 $3.4M No change
LNC Lincoln National Corp. 0.78% 108,325 $3.4M New
OGS One Gas Inc. 0.77% 53,157 $3.3M No change
HMN Horace Mann Educators 0.77% 103,100 $3.3M Add +111.3%
CRM Salesforce Inc. 0.76% 12,900 $3.3M No change
CI The Cigna Group 0.76% 10,100 $3.3M No change
FTNT Fortinet Inc. 0.76% 55,000 $3.3M No change
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.76% 170,000 $3.3M Reduce -5.6%
CHX Championx Corp. 0.76% 100,000 $3.3M No change
HUM Humana Inc. 0.75% 8,700 $3.2M No change
MAS Masco Corp. 0.75% 50,000 $3.2M No change
SKX Skechers USA Inc. Class A 0.75% 47,800 $3.2M No change
OSK Oshkosh Corp. 0.74% 30,500 $3.2M No change
NJR New Jersey Resources Corp. 0.73% 73,919 $3.1M Reduce -9.2%
AROC Archrock Inc. 0.70% 150,000 $3.0M Reduce -40.0%
VOD Vodafone Group PLC-SP ADR 0.69% 337,800 $3.0M Reduce -7.1%
NOV Nov Inc. 0.68% 160,000 $3.0M No change
EEFT Euronet Worldwide Inc. 0.67% 28,511 $2.9M Reduce -5.5%
EQC Equity Commonwealth 0.67% 151,754 $2.9M New
TEX Terex Corp. 0.67% 52,600 $2.9M Reduce -1.5%
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.66% 240,000 $2.9M No change
XCMUX MFS High Yield Municipal TR 0.66% 832,355 $2.9M No change
SEM Select Medical Holdings Corp. 0.65% 78,800 $2.8M No change
NEW AMERICA HIGH INCOME FUND 0.63% 372,039 $2.7M Add +54.0%
SWN Southwestern Energy Co. 0.63% 400,000 $2.7M Add +33.3%
DTE DTE Energy Company 0.62% 24,600 $2.7M No change
VGR Vector Group Ltd. 0.61% 243,300 $2.7M No change
XRSFX Rivernorth Capital & Income 0.61% 171,638 $2.6M Add +34.9%
CDW CDW Corp. 0.60% 11,800 $2.6M No change
MGA Magna International Inc. 0.60% 62,157 $2.6M No change
PFGC Performance Food Group Co. 0.59% 39,500 $2.6M Reduce -29.0%
EMN Eastman Chemical Co. 0.59% 27,000 $2.6M New
CSCO Cisco Systems Inc. 0.59% 53,900 $2.6M No change
ODFL Old Dominion Freight Line 0.59% 14,200 $2.5M No change
ING ING Groep N.V.-Sponsored ADR 0.59% 144,100 $2.5M No change
HCA HCA Healthcare Inc. 0.58% 8,000 $2.5M No change
AMGN Amgen Inc. 0.57% 8,000 $2.5M Reduce -16.7%
SU Suncor Energy Inc. 0.57% 65,000 $2.5M No change
EHC Encompass Health Corp. 0.57% 29,100 $2.5M No change
CC The Chemours Co. 0.57% 109,015 $2.5M No change
GBX Greenbrier Companies Inc. 0.57% 50,000 $2.5M No change
NLY Annaly Capital Management Inc. 0.56% 130,021 $2.4M New
MRSH Marsh & McLennan Cos 0.56% 11,500 $2.4M No change
EVRG Evergy Inc. 0.55% 45,300 $2.4M No change
AZN Astrazeneca PLC-Spons ADR 0.54% 30,000 $2.3M No change
CSX CSX Corp. 0.54% 69,500 $2.3M No change
CNI Canadian Natl Railway Co. 0.54% 20,000 $2.3M No change
D Dominion Energy Inc. 0.53% 48,100 $2.3M New
INGR Ingredion Inc. 0.50% 19,100 $2.2M Add +29.9%
DECK Deckers Outdoor Corp. 0.49% 2,235 $2.1M Reduce -46.8%
GLOB Globant SA 0.48% 11,900 $2.1M No change
PEGA Pegasystems Inc. 0.48% 35,000 $2.1M No change
V Visa Inc. Class A 0.48% 7,850 $2.1M No change
ACGL Arch Capital Group Ltd. 0.48% 20,500 $2.1M No change
MRK Merck & Co. Inc. 0.48% 16,100 $2.1M No change
LMT Lockheed Martin Corp. 0.47% 4,400 $2.1M No change
GSK GSK PLC-Spon ADR 0.47% 53,000 $2.0M Reduce -18.2%
NGVT Ingevity Corp. 0.46% 47,000 $2.0M New
HEES H&E Equipment Services Inc. 0.45% 46,000 $2.0M No change

Show all 179 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $11.2M (not counted above)
SecurityClassShares / PrincipalValueChange
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D 386,421$9.6MAdd +1.4%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 851$1.0MReduce -53.5%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 500$591KNo change

Total filed on the 13F, all lines: $444.1M.

Portfolio Sells Q1 2024 → Q2 2024
SABA Saba Capital Income & Opport Sold out 0.00% −0.84
JBLU Jetblue Airways Corp. Sold out 0.00% −0.75
OII Oceaneering Intl Inc. Sold out 0.00% −0.58
WMS Advanced Drainage Systems Inc. Reduce -28.3% 1.03% −0.48
GDDY GoDaddy Inc. Class A Sold out 0.00% −0.48
NS Nustar Energy LP Sold out 0.00% −0.46
ALG Alamo Group Inc. Reduce -1.6% 1.78% −0.45
ECAT BlackRock ESG Cap All TRM TR Reduce -25.9% 1.60% −0.45
ALKS Alkermes PLC Sold out 0.00% −0.44
AROC Archrock Inc. Reduce -40.0% 0.70% −0.40
CEM Clearbridge MLP & Midstream Sold out 0.00% −0.39
DECK Deckers Outdoor Corp. Reduce -46.8% 0.49% −0.38
PFGC Performance Food Group Co. Reduce -29.0% 0.59% −0.32
BOOM DMC Global Inc. Sold out 0.00% −0.32
GSBD Goldman Sachs BDC Inc. Reduce -61.5% 0.21% −0.32
BUD Anheuser-Busch Inbev-SPN ADR Sold out 0.00% −0.26
WBS Webster Financial Corp. Sold out 0.00% −0.25
IQV Iqvia Holdings Inc. Reduce -39.0% 0.27% −0.24
HXL Hexcel Corp. Sold out 0.00% −0.24
CLEARBRIDGE MLP AND MIDSTRM Sold out 0.00% −0.23
NKE Nike Inc. Class B Reduce -3.3% 1.10% −0.22
SQM Quimica Y Minera Chil-SP ADR Sold out 0.00% −0.22
KALU Kaiser Aluminum Corp. Reduce -84.0% 0.04% −0.22
GSK GSK PLC-Spon ADR Reduce -18.2% 0.47% −0.14
MA Mastercard Inc. Class A Reduce -0.9% 2.01% −0.13
DUK Duke Energy Corp. Sold out 0.00% −0.12
AGNC AGNC Investment Corp. Reduce -38.5% 0.16% −0.10
TEX Terex Corp. Reduce -1.5% 0.67% −0.10
AEE Ameren Corporation Reduce -24.5% 0.25% −0.08
AEP American Electric Power Reduce -26.2% 0.29% −0.08
DAN Dana Inc. Reduce -17.6% 0.30% −0.08
EEFT Euronet Worldwide Inc. Reduce -5.5% 0.67% −0.06
NEE Nextera Energy Inc. Reduce -24.8% 0.31% −0.05
NJR New Jersey Resources Corp. Reduce -9.2% 0.73% −0.05
SR Spire Inc. Reduce -19.6% 0.22% −0.05
ARMK Aramark Reduce -17.6% 0.32% −0.04
AMGN Amgen Inc. Reduce -16.7% 0.57% −0.03
YPF YPF S.A.-Sponsored ADR Reduce -5.6% 0.76% −0.03
VOD Vodafone Group PLC-SP ADR Reduce -7.1% 0.69% −0.02
ADBE Adobe Inc. Reduce -15.0% 1.07% −0.02
JPM JPMorgan Chase & Co. Reduce -8.0% 1.20% −0.02
SAM Boston Beer Company Inc. Class A Reduce -11.1% 0.22% −0.02
CXH MFS Investment Grade Muni Reduce -5.0% 0.44% +0.01
EBAY eBay Inc. Reduce -3.0% 0.86% +0.01
ANET Arista Networks Inc. Reduce -17.8% 1.44% +0.02
LPLA LPL Financial Holdings Inc. Reduce -0.8% 2.95% +0.24

Portfolio Buys Q1 2024 → Q2 2024
XMUIX BlackRock Municipal Income Add +2123.0% 1.31% +1.25
LNC Lincoln National Corp. New 0.78% +0.78
EQC Equity Commonwealth New 0.67% +0.67
EMN Eastman Chemical Co. New 0.59% +0.59
NLY Annaly Capital Management Inc. New 0.56% +0.56
SJNK SS SPDR BB St Hi Yield ETF Add +180.8% 0.84% +0.55
D Dominion Energy Inc. New 0.53% +0.53
NGVT Ingevity Corp. New 0.46% +0.46
ZTO Zto Express Cayman Inc.-ADR Add +100.0% 0.81% +0.41
XJPIX Nuveen Preferred Securities New 0.39% +0.39
HMN Horace Mann Educators Add +111.3% 0.77% +0.37
META Meta Platforms Inc. Class A Add +41.5% 1.07% +0.36
WU Western Union Co. New 0.31% +0.31
ZTR Virtus Total Return Fund Inc. New 0.31% +0.31
NEW AMERICA HIGH INCOME FUND Add +54.0% 0.63% +0.24
CLH Clean Harbors Inc. New 0.20% +0.20
TTEK Tetra Tech Inc. New 0.18% +0.18
PCF High Income Securities Fund New 0.16% +0.16
XRSFX Rivernorth Capital & Income Add +34.9% 0.61% +0.16
CMS CMS Energy Corp. New 0.14% +0.14
INGR Ingredion Inc. Add +29.9% 0.50% +0.12
SWN Southwestern Energy Co. Add +33.3% 0.63% +0.12
DAL Delta Air Lines Inc. Add +48.6% 0.29% +0.10
BKLN Invesco Senior Loan ETF Add +75.2% 0.21% +0.09
KEY Keycorp Add +21.8% 0.43% +0.06
LAZ Lazard Inc. New 0.05% +0.05
FNF Fidelity National Financial New 0.05% +0.05
HUN Huntsman Corp. New 0.03% +0.03
SWK Stanley Black & Decker Inc. New 0.02% +0.02
TT Trane Technologies PLC New 0.00% +0.00
UTHR United Therapeutics Corp. New 0.00% +0.00
ITT Itt Inc. New 0.00% +0.00
THG Hanover Insurance Group Inc./ New 0.00% +0.00
SCHW Schwab (charles) Corp. New 0.00% +0.00
CAT Caterpillar Inc. New 0.00% +0.00
MLM Martin Marietta Materials New 0.00% +0.00
COP Conocophillips New 0.00% +0.00
BC Brunswick Corp. New 0.00% +0.00
VMC Vulcan Materials Co. New 0.00% +0.00
C Citigroup Inc. New 0.00% +0.00
CTSH Cognizant Tech Solutions-A New 0.00% +0.00
CMI Cummins Inc. New 0.00% +0.00
MSFT Microsoft Corp. New 0.00% +0.00
NSC Norfolk Southern Corp. New 0.00% +0.00
BALL Ball Corp. New 0.00% +0.00
CMCSA Comcast Corp. Class A New 0.00% +0.00
PPG PPG Industries Inc. New 0.00% +0.00
PYPL PayPal Holdings Inc. New 0.00% +0.00
STT State Street Corp. New 0.00% +0.00

Notes & Other Activity Q1 2024 → Q2 2024
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D Add +1.4% 386,421 $9.6M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -53.5% 851 $1.0M

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