Icon Advisers Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Icon Advisers Inc. reported 182 stock positions worth $454.1 million. Its top holding was Nuveen Floating Rate Income (JFR) at 2.9% of the portfolio, followed by Seagate Technology (STX, 2.7%) and LPL Financial (LPLA, 2.3%). Compared with Q3 2025, it opened 27 new positions, sold out of 20, added to 20 and reduced 63. The biggest buy was Nuveen Floating Rate Income (JFR, shares +199%) and the biggest sale an exit from Eaton Vance Cal Muni Bond (XEVMX).
- Most Recent 13F
- Q2 2026
- Location
- GREENWOOD VILLAGE, CO
- CIK
- 0001058470
- Portfolio Value
- $454.1M (Q4 2025)
- SEC Filing
- 0001058470-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 182 stocks · $454.1M
| JFR Nuveen Floating Rate Income | 2.93% | 1,697,471 | $13.3M | Add +198.8% |
| STX Seagate Technology Holdings | 2.66% | 43,844 | $12.1M | Reduce -7.7% |
| LPLA LPL Financial Holdings Inc. | 2.26% | 28,748 | $10.3M | Reduce -8.1% |
| CENX Century Aluminum Company | 2.09% | 242,000 | $9.5M | No change |
| DINO HF Sinclair Corp. | 1.78% | 175,300 | $8.1M | Add +7.2% |
| KALU Kaiser Aluminum Corp. | 1.68% | 66,482 | $7.6M | Reduce -40.3% |
| JPM JPMorgan Chase & Co. | 1.68% | 23,680 | $7.6M | Reduce -2.3% |
| RIG Transocean Ltd. | 1.64% | 1,800,000 | $7.4M | New |
| NFG National Fuel Gas Co. | 1.63% | 92,168 | $7.4M | Reduce -8.6% |
| HMN Horace Mann Educators | 1.55% | 152,037 | $7.0M | Reduce -1.1% |
| PSX Phillips 66 | 1.52% | 53,417 | $6.9M | Add +132.3% |
| AWI Armstrong World Industries | 1.46% | 34,575 | $6.6M | Reduce -7.5% |
| TTI Tetra Technologies Inc. | 1.34% | 650,000 | $6.1M | Reduce -56.7% |
| AROC Archrock Inc. | 1.32% | 230,000 | $6.0M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.20% | 99,436 | $5.5M | Reduce -2.1% |
| VOD Vodafone Group PLC-SP ADR | 1.18% | 407,031 | $5.4M | Reduce -20.3% |
| D Dominion Energy Inc. | 1.16% | 90,162 | $5.3M | Reduce -2.9% |
| LNC Lincoln National Corp. | 1.16% | 118,450 | $5.3M | Reduce -1.7% |
| MA Mastercard Inc. Class A | 1.13% | 9,008 | $5.1M | Reduce -7.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.12% | 16,700 | $5.1M | Reduce -19.3% |
| CRS Carpenter Technology | 1.11% | 16,000 | $5.0M | Add +14.3% |
| CSCO Cisco Systems Inc. | 1.11% | 65,390 | $5.0M | No change |
| BKR Baker Hughes Co. | 1.07% | 106,211 | $4.8M | Reduce -2.5% |
| DLX Deluxe Corp. | 1.03% | 210,000 | $4.7M | New |
| ANET Arista Networks Inc. | 1.01% | 35,000 | $4.6M | Reduce -8.8% |
| TFC Truist Financial Corp. | 1.00% | 92,585 | $4.6M | Add +136.8% |
| REVG Rev Group Inc. | 0.94% | 70,000 | $4.3M | Reduce -12.5% |
| CVI CVR Energy Inc. | 0.92% | 165,000 | $4.2M | Add +50.0% |
| ZTO Zto Express Cayman Inc.-ADR | 0.92% | 200,000 | $4.2M | No change |
| SR Spire Inc. | 0.89% | 49,100 | $4.1M | Add +4.3% |
| TMUS T-Mobile US Inc. | 0.88% | 19,650 | $4.0M | Reduce -9.9% |
| META Meta Platforms Inc. Class A | 0.87% | 6,000 | $4.0M | No change |
| EBAY eBay Inc. | 0.87% | 45,196 | $3.9M | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 0.86% | 12,500 | $3.9M | Reduce -39.0% |
| OI O-I Glass Inc. | 0.86% | 265,000 | $3.9M | Reduce -1.9% |
| HCA HCA Healthcare Inc. | 0.86% | 8,352 | $3.9M | No change |
| TNA Dir Dai SML Ca Bul 3X Et-Usd | 0.86% | 85,550 | $3.9M | Reduce -6.5% |
| EHC Encompass Health Corp. | 0.84% | 35,840 | $3.8M | No change |
| CCJ Cameco Corp. | 0.83% | 41,000 | $3.8M | New |
| IP International Paper Co. | 0.82% | 94,400 | $3.7M | Reduce -9.8% |
| GIL Gildan Activewear Inc. | 0.81% | 59,150 | $3.7M | New |
| CC The Chemours Co. | 0.81% | 310,515 | $3.7M | Reduce -52.9% |
| STLA Stellantis NV | 0.79% | 330,000 | $3.6M | New |
| EVRG Evergy Inc. | 0.78% | 48,800 | $3.5M | No change |
| B Barrick Mining Corp. | 0.77% | 80,000 | $3.5M | Reduce -18.4% |
| TER Teradyne Inc. | 0.76% | 17,915 | $3.5M | Reduce -56.4% |
| SWZ Total Return Securities Fund | 0.75% | 545,899 | $3.4M | New |
| DTE DTE Energy Company | 0.70% | 24,659 | $3.2M | Reduce -7.2% |
| GSBD Goldman Sachs BDC Inc. | 0.69% | 336,000 | $3.1M | Add +189.9% |
| SNX TD Synnex Corp. | 0.67% | 20,320 | $3.1M | Reduce -4.0% |
| TTEK Tetra Tech Inc. | 0.66% | 90,000 | $3.0M | Reduce -21.1% |
| LAZ Lazard Inc. | 0.66% | 61,843 | $3.0M | No change |
| ALG Alamo Group Inc. | 0.66% | 17,720 | $3.0M | Reduce -1.9% |
| ADSK Autodesk Inc. | 0.65% | 10,000 | $3.0M | No change |
| POR Portland General Electric Co. | 0.64% | 60,266 | $2.9M | No change |
| XCMUX MFS High Yield Municipal TR | 0.64% | 821,456 | $2.9M | No change |
| CRM Salesforce Inc. | 0.63% | 10,862 | $2.9M | Reduce -8.4% |
| MKSI MKS Inc. | 0.63% | 18,000 | $2.9M | Add +24.1% |
| KNX Knight-Swift Transportation | 0.63% | 55,000 | $2.9M | Reduce -12.7% |
| ARW Arrow Electronics Inc. | 0.62% | 25,590 | $2.8M | No change |
| PANW Palo Alto Networks Inc. | 0.61% | 15,000 | $2.8M | No change |
| AVT Avnet Inc. | 0.60% | 57,000 | $2.7M | New |
| OCSL Oaktree Specialty Lending Co. | 0.60% | 215,000 | $2.7M | Add +257.0% |
| KEY Keycorp | 0.60% | 131,000 | $2.7M | No change |
| NOW ServiceNow Inc. | 0.59% | 17,620 | $2.7M | No change |
| MGA Magna International Inc. | 0.59% | 50,403 | $2.7M | Reduce -2.0% |
| KLIC Kulicke & Soffa Industries | 0.58% | 58,000 | $2.6M | Add +52.6% |
| ING ING Groep N.V.-Sponsored ADR | 0.58% | 93,403 | $2.6M | Reduce -6.0% |
| HBAN Huntington Bancshares Inc. | 0.57% | 147,970 | $2.6M | No change |
| WMS Advanced Drainage Systems Inc. | 0.56% | 17,550 | $2.5M | Reduce -3.0% |
| SWK Stanley Black & Decker Inc. | 0.55% | 33,840 | $2.5M | Reduce -1.8% |
| OLED Universal Display Corp. | 0.55% | 21,384 | $2.5M | Reduce -15.8% |
| DDD 3D Systems Corp. filed as 3-D SYS CORP DEL | 0.55% | 1,400,000 | $2.5M | Reduce -46.1% |
| PEGA Pegasystems Inc. | 0.55% | 41,493 | $2.5M | No change |
| BHP BHP Group Ltd.-Spon ADR | 0.53% | 40,000 | $2.4M | Reduce -28.6% |
| SWX Southwest Gas Holdings Inc. | 0.53% | 30,000 | $2.4M | No change |
| KRNT Kornit Digital Ltd. | 0.52% | 165,000 | $2.4M | Reduce -17.5% |
| THO Thor Industries Inc. | 0.52% | 23,000 | $2.4M | New |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 0.51% | 83,000 | $2.3M | Reduce -53.9% |
| TYL Tyler Technologies Inc. | 0.51% | 5,057 | $2.3M | No change |
| BKLN Invesco Senior Loan ETF | 0.50% | 107,699 | $2.3M | New |
| UNP Union Pacific Corp. | 0.48% | 9,370 | $2.2M | Reduce -3.7% |
| ADBE Adobe Inc. | 0.45% | 5,890 | $2.1M | Reduce -1.6% |
| WU Western Union Co. | 0.45% | 220,500 | $2.1M | Add +20.8% |
| AXP American Express Co. | 0.45% | 5,500 | $2.0M | No change |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.45% | 147,000 | $2.0M | New |
| EEFT Euronet Worldwide Inc. | 0.44% | 26,321 | $2.0M | Reduce -1.9% |
| DOX Amdocs Ltd. | 0.43% | 24,436 | $2.0M | No change |
| AES AES Corp. | 0.43% | 136,428 | $2.0M | Add +27.4% |
| CXH MFS Investment Grade Muni | 0.43% | 244,295 | $1.9M | No change |
| INTC Intel Corp. | 0.43% | 52,508 | $1.9M | Add +37.8% |
| GPN Global Payments Inc. | 0.42% | 24,766 | $1.9M | Reduce -34.4% |
| IRDM Iridium Communications Inc. | 0.42% | 109,467 | $1.9M | Add +112.3% |
| OMF Onemain Holdings Inc. | 0.42% | 28,000 | $1.9M | No change |
| LMT Lockheed Martin Corp. | 0.42% | 3,900 | $1.9M | No change |
| BRC Brady Corporation Class A | 0.41% | 24,000 | $1.9M | New |
| EQH Equitable Holdings Inc. | 0.41% | 39,200 | $1.9M | No change |
| BCO The Brink's Co. | 0.41% | 16,000 | $1.9M | New |
| DAL Delta Air Lines Inc. | 0.41% | 26,900 | $1.9M | Reduce -48.9% |
| RNR Renaissancere Holdings Ltd. | 0.40% | 6,500 | $1.8M | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $8.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 5,147 | $6.4M | Add +88.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,907 | $2.3M | Add +30.7% |
Total filed on the 13F, all lines: $462.8M.
Portfolio Sells Q3 2025 → Q4 2025
| XEVMX Eaton Vance Cal Muni Bond | Sold out | 0.00% | −1.54 |
| CC The Chemours Co. | Reduce -52.9% | 0.81% | −1.50 |
| CX Cemex Sab-Spons ADR Part Cer | Sold out | 0.00% | −1.25 |
| DDD 3D Systems Corp. | Reduce -46.1% | 0.55% | −1.12 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.83 |
| OPLN Openlane Inc. | Sold out | 0.00% | −0.70 |
| TRS Trimas Corp. | Sold out | 0.00% | −0.67 |
| XENWX Eaton Vance New York Municip | Sold out | 0.00% | −0.62 |
| TTI Tetra Technologies Inc. | Reduce -56.7% | 1.34% | −0.57 |
| TEX Terex Corp. | Sold out | 0.00% | −0.56 |
| ARCC Ares Capital Corp. | Reduce -71.4% | 0.22% | −0.55 |
| MTRN Materion Corp. | Sold out | 0.00% | −0.53 |
| SCL Stepan Co. | Sold out | 0.00% | −0.53 |
| TER Teradyne Inc. | Reduce -56.4% | 0.76% | −0.49 |
| HUN Huntsman Corp. | Reduce -83.1% | 0.11% | −0.47 |
| BVN Cia DE Minas Buenaventur-ADR | Reduce -53.9% | 0.51% | −0.46 |
| NFG National Fuel Gas Co. | Reduce -8.6% | 1.63% | −0.44 |
| SON Sonoco Products Co. | Sold out | 0.00% | −0.40 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.39 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.35 |
| CSX CSX Corp. | Reduce -99.2% | 0.00% | −0.28 |
| XPHDX Pioneer Floating Rate Fund | Sold out | 0.00% | −0.28 |
| TMUS T-Mobile US Inc. | Reduce -9.9% | 0.88% | −0.28 |
| GPN Global Payments Inc. | Reduce -34.4% | 0.42% | −0.27 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.27 |
| OLED Universal Display Corp. | Reduce -15.8% | 0.55% | −0.26 |
| IP International Paper Co. | Reduce -9.8% | 0.82% | −0.25 |
| DAL Delta Air Lines Inc. | Reduce -48.9% | 0.41% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -39.0% | 0.86% | −0.24 |
| ANET Arista Networks Inc. | Reduce -8.8% | 1.01% | −0.23 |
| KALU Kaiser Aluminum Corp. | Reduce -40.3% | 1.68% | −0.22 |
| BBDC Barings BDC Inc. | Sold out | 0.00% | −0.21 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.19 |
| TTEK Tetra Tech Inc. | Reduce -21.1% | 0.66% | −0.18 |
| ALE Allete Inc. | Sold out | 0.00% | −0.17 |
| AWI Armstrong World Industries | Reduce -7.5% | 1.46% | −0.17 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -19.3% | 1.12% | −0.16 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -28.6% | 0.53% | −0.16 |
| POWI Power Integrations Inc. | Reduce -52.5% | 0.10% | −0.13 |
| DTE DTE Energy Company | Reduce -7.2% | 0.70% | −0.13 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.13 |
| VOD Vodafone Group PLC-SP ADR | Reduce -20.3% | 1.18% | −0.13 |
| PFGC Performance Food Group Co. | Reduce -13.2% | 0.33% | −0.11 |
| BKR Baker Hughes Co. | Reduce -2.5% | 1.07% | −0.11 |
| ALG Alamo Group Inc. | Reduce -1.9% | 0.66% | −0.11 |
| V Visa Inc. Class A | Reduce -22.6% | 0.40% | −0.10 |
| MA Mastercard Inc. Class A | Reduce -7.7% | 1.13% | −0.10 |
| SNX TD Synnex Corp. | Reduce -4.0% | 0.67% | −0.09 |
| D Dominion Energy Inc. | Reduce -2.9% | 1.16% | −0.09 |
| CCAP Crescent Capital BDC Inc. | Reduce -18.3% | 0.34% | −0.08 |
Portfolio Buys Q3 2025 → Q4 2025
| JFR Nuveen Floating Rate Income | Add +198.8% | 2.93% | +1.90 |
| RIG Transocean Ltd. | New | 1.64% | +1.64 |
| AROC Archrock Inc. | New | 1.32% | +1.32 |
| DLX Deluxe Corp. | New | 1.03% | +1.03 |
| CCJ Cameco Corp. | New | 0.83% | +0.83 |
| PSX Phillips 66 | Add +132.3% | 1.52% | +0.83 |
| GIL Gildan Activewear Inc. | New | 0.81% | +0.81 |
| STLA Stellantis NV | New | 0.79% | +0.79 |
| SWZ Total Return Securities Fund | New | 0.75% | +0.75 |
| TFC Truist Financial Corp. | Add +136.8% | 1.00% | +0.61 |
| AVT Avnet Inc. | New | 0.60% | +0.60 |
| THO Thor Industries Inc. | New | 0.52% | +0.52 |
| BKLN Invesco Senior Loan ETF | New | 0.50% | +0.50 |
| MEGI Nylim CBRE GB Infra Mtrnd TF | New | 0.45% | +0.45 |
| OCSL Oaktree Specialty Lending Co. | Add +257.0% | 0.60% | +0.43 |
| GSBD Goldman Sachs BDC Inc. | Add +189.9% | 0.69% | +0.43 |
| BRC Brady Corporation Class A | New | 0.41% | +0.41 |
| BCO The Brink's Co. | New | 0.41% | +0.41 |
| XRSFX Rivernorth Capital & Income | New | 0.38% | +0.38 |
| EFT Eaton Vance Fltng RT Inc. TR | New | 0.37% | +0.37 |
| CRS Carpenter Technology | Add +14.3% | 1.11% | +0.35 |
| ADM Archer-Daniels-Midland Co. | New | 0.32% | +0.32 |
| STLD Steel Dynamics Inc. | New | 0.30% | +0.30 |
| XNXNX Nuveen NY Sel Tax-FR Inc. | New | 0.29% | +0.29 |
| BALL Ball Corp. | Add +25000.0% | 0.29% | +0.29 |
| XJQCX Nuveen Credit Strategies Inc. | New | 0.28% | +0.28 |
| MT Arcelormittal-NY Registered | New | 0.27% | +0.27 |
| IXC iShares Global Energy ETF | New | 0.26% | +0.26 |
| KLIC Kulicke & Soffa Industries | Add +52.6% | 0.58% | +0.24 |
| FNF Fidelity National Financial | Add +433.4% | 0.30% | +0.24 |
| MKSI MKS Inc. | Add +24.1% | 0.63% | +0.24 |
| IRDM Iridium Communications Inc. | Add +112.3% | 0.42% | +0.22 |
| NXC Nuveen Ca Sel TX-FR Inc. | New | 0.21% | +0.21 |
| BGT BlackRock Fltng RT Inc. TR | New | 0.21% | +0.21 |
| INTC Intel Corp. | Add +37.8% | 0.43% | +0.14 |
| WU Western Union Co. | Add +20.8% | 0.45% | +0.13 |
| XEFRX Eaton Vance Sr FLTG Rate TR | New | 0.12% | +0.12 |
| AES AES Corp. | Add +27.4% | 0.43% | +0.12 |
| RH RH | New | 0.11% | +0.11 |
| NVDA Nvidia Corp. | New | 0.10% | +0.10 |
| KRNY Kearny Financial Corp. | New | 0.09% | +0.09 |
| AGNC AGNC Investment Corp. | Add +45.9% | 0.18% | +0.07 |
| SPH Suburban Propane Partners LP | Add +52.5% | 0.15% | +0.05 |
| VOYA Voya Financial Inc. | Add +23.6% | 0.26% | +0.05 |
| SR Spire Inc. | Add +4.3% | 0.89% | +0.04 |
| CVI CVR Energy Inc. | Add +50.0% | 0.92% | +0.04 |
| DINO HF Sinclair Corp. | Add +7.2% | 1.78% | −0.12 |
Notes & Other Activity Q3 2025 → Q4 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +88.3% | 5,147 | $6.4M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +30.7% | 1,907 | $2.3M |
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 | 194 | $525.4M | STX, PLOW, AVT, MSM, CC |
| Q1 2026 | 143 | $424.4M | JFR, STX, CENX, PSX, DINO |
| Q4 2025 | 182 | $454.1M | JFR, STX, LPLA, CENX, DINO |
| Q3 2025Amended | 175 | $452.0M | STX, CC, LPLA, NFG, TTI |
| Q2 2025 | 186 | $434.5M | LPLA, KALU, NFG, HYI, JPM |
| Q1 2025 | 156 | $422.7M | LPLA, DNOW, NFG, KALU, ZTO |
| Q4 2024 | 173 | $436.6M | LPLA, AWI, TRN, CC, NFG |
| Q3 2024 | 155 | $456.3M | XMUIX, AWI, TRN, CC, LPLA |
| Q2 2024 | 179 | $432.9M | LPLA, MA, AWI, ALG, TRN |
| Q1 2024 | 156 | $448.1M | LPLA, ALG, MA, AWI, ECAT |