Icon Advisers Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Icon Advisers Inc. reported 143 stock positions worth $424.4 million. Its top holding was Nuveen Floating Rate Income (JFR) at 3.0% of the portfolio, followed by Seagate Technology (STX, 2.7%) and Century Aluminum (CENX, 2.4%). Compared with Q4 2025, it opened 14 new positions, sold out of 53, added to 22 and reduced 28. The biggest buy was a new position in Douglas Dynamics (PLOW) and the biggest sale an exit from Transocean (RIG).

Most Recent 13F
Q2 2026
Location
GREENWOOD VILLAGE, CO
CIK
0001058470
Portfolio Value
$424.4M (Q1 2026)
SEC Filing
0001058470-26-000003 ↗ filed May 13, 2026

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $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 $424.4M Q1 2026 Q2 2026: $525.4M Q2 2026

Holdings 143 stocks · $424.4M
JFR Nuveen Floating Rate Income 3.04% 1,716,759 $12.9M Add +1.1%
STX Seagate Technology Holdings 2.67% 28,963 $11.3M Reduce -33.9%
CENX Century Aluminum Company 2.40% 173,200 $10.2M Reduce -28.4%
PSX Phillips 66 2.29% 53,417 $9.7M No change
DINO HF Sinclair Corp. 2.17% 147,300 $9.2M Reduce -16.0%
PLOW Douglas Dynamics Inc. 2.05% 207,100 $8.7M New
LPLA LPL Financial Holdings Inc. 2.04% 28,748 $8.6M No change
JPM JPMorgan Chase & Co. 1.64% 23,680 $7.0M No change
CC The Chemours Co. 1.61% 310,515 $6.8M No change
NFG National Fuel Gas Co. 1.55% 70,028 $6.6M Reduce -24.0%
HMN Horace Mann Educators 1.53% 152,037 $6.5M No change
CRS Carpenter Technology 1.49% 16,000 $6.3M No change
AGNC AGNC Investment Corp. 1.43% 604,131 $6.1M Add +679.4%
ZTO Zto Express Cayman Inc.-ADR 1.42% 240,000 $6.0M Add +20.0%
VOD Vodafone Group PLC-SP ADR 1.42% 400,031 $6.0M Reduce -1.7%
CVI CVR Energy Inc. 1.36% 172,000 $5.8M Add +4.2%
TSM Taiwan Semiconductor-SP ADR 1.33% 16,700 $5.6M No change
KALU Kaiser Aluminum Corp. 1.32% 46,482 $5.6M Reduce -30.1%
CCJ Cameco Corp. 1.28% 50,000 $5.4M Add +21.9%
AWI Armstrong World Industries 1.28% 32,900 $5.4M Reduce -4.8%
CSCO Cisco Systems Inc. 1.20% 65,390 $5.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.14% 99,436 $4.8M No change
AR Antero Resources Corp. 1.12% 112,000 $4.8M New
SWK Stanley Black & Decker Inc. 1.08% 64,550 $4.6M Add +90.8%
SR Spire Inc. 1.05% 49,100 $4.4M No change
MA Mastercard Inc. Class A 1.04% 8,858 $4.4M Reduce -1.7%
GIL Gildan Activewear Inc. 1.03% 78,410 $4.4M Add +32.6%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 1.01% 59,000 $4.3M Add +47.5%
MSM MSC Industrial Direct Co. Class A 1.01% 46,380 $4.3M New
TFC Truist Financial Corp. 1.00% 92,585 $4.3M No change
LNC Lincoln National Corp. 0.99% 118,450 $4.2M No change
MKSI MKS Inc. 0.97% 18,000 $4.1M No change
EBAY eBay Inc. 0.95% 44,479 $4.0M Reduce -1.6%
ANET Arista Networks Inc. 0.94% 32,500 $4.0M Reduce -7.1%
HCA HCA Healthcare Inc. 0.93% 8,352 $4.0M No change
BKR Baker Hughes Co. 0.92% 64,051 $3.9M Reduce -39.7%
TNA Dir Dai SML Ca Bul 3X Et-Usd 0.90% 86,800 $3.8M Add +1.5%
KLIC Kulicke & Soffa Industries 0.90% 58,000 $3.8M No change
ARW Arrow Electronics Inc. 0.86% 25,590 $3.7M No change
DTE DTE Energy Company 0.85% 24,659 $3.6M No change
EVRG Evergy Inc. 0.85% 43,800 $3.6M Reduce -10.3%
GOOG Alphabet Inc. Class C 0.84% 12,500 $3.6M No change
AVT Avnet Inc. 0.83% 57,000 $3.5M No change
BALL Ball Corp. 0.82% 59,100 $3.5M Add +135.5%
EHC Encompass Health Corp. 0.82% 35,840 $3.5M No change
META Meta Platforms Inc. Class A 0.81% 6,000 $3.4M No change
SNX TD Synnex Corp. 0.81% 20,320 $3.4M No change
B Barrick Mining Corp. 0.80% 83,000 $3.4M Add +3.8%
MT Arcelormittal-NY Registered 0.80% 65,000 $3.4M Add +140.7%
IP International Paper Co. 0.79% 94,400 $3.4M No change
POR Portland General Electric Co. 0.75% 60,266 $3.2M No change
KNX Knight-Swift Transportation 0.75% 55,000 $3.2M No change
IIIN Insteel Industries Inc. 0.74% 93,000 $3.1M New
RH RH 0.73% 22,180 $3.1M Add +692.1%
OI O-I Glass Inc. 0.71% 285,000 $3.0M Add +7.5%
SWZ Total Return Securities Fund 0.70% 500,294 $3.0M Reduce -8.3%
IRDM Iridium Communications Inc. 0.70% 106,467 $3.0M Reduce -2.7%
ALG Alamo Group Inc. 0.69% 17,720 $2.9M No change
SMG Scotts Miracle-Gro Co. 0.67% 47,000 $2.9M New
MGA Magna International Inc. 0.66% 50,403 $2.8M No change
D Dominion Energy Inc. 0.66% 45,500 $2.8M Reduce -49.5%
DLX Deluxe Corp. 0.65% 100,000 $2.8M Reduce -52.4%
BRC Brady Corporation Class A 0.63% 33,000 $2.7M Add +37.5%
LAZ Lazard Inc. 0.62% 61,898 $2.6M Add +0.1%
KEY Keycorp 0.62% 131,000 $2.6M No change
XCMUX MFS High Yield Municipal TR 0.62% 731,734 $2.6M Reduce -10.9%
SWX Southwest Gas Holdings Inc. 0.61% 30,000 $2.6M No change
BCO The Brink's Co. 0.61% 25,000 $2.6M Add +56.3%
ING ING Groep N.V.-Sponsored ADR 0.57% 93,403 $2.4M No change
WMS Advanced Drainage Systems Inc. 0.57% 17,550 $2.4M No change
PANW Palo Alto Networks Inc. 0.57% 15,000 $2.4M No change
ADSK Autodesk Inc. 0.56% 10,000 $2.4M No change
LMT Lockheed Martin Corp. 0.56% 3,900 $2.4M No change
HBAN Huntington Bancshares Inc. 0.55% 147,970 $2.3M No change
UNP Union Pacific Corp. 0.54% 9,370 $2.3M No change
MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS 0.51% 147,000 $2.2M No change
INTC Intel Corp. 0.49% 47,508 $2.1M Reduce -9.5%
CRM Salesforce Inc. 0.48% 10,862 $2.0M No change
STLD Steel Dynamics Inc. 0.47% 11,000 $2.0M Add +37.5%
OLED Universal Display Corp. 0.46% 21,384 $2.0M No change
CXH MFS Investment Grade Muni 0.45% 241,372 $1.9M Reduce -1.2%
AES AES Corp. 0.45% 136,428 $1.9M No change
NOW ServiceNow Inc. 0.43% 17,620 $1.8M No change
EFT Eaton Vance Fltng RT Inc. TR 0.43% 170,280 $1.8M Add +13.3%
ADM Archer-Daniels-Midland Co. 0.43% 25,000 $1.8M No change
GSK GSK PLC-Spon ADR 0.43% 32,800 $1.8M No change
DAL Delta Air Lines Inc. 0.42% 26,900 $1.8M No change
PEGA Pegasystems Inc. 0.42% 41,493 $1.8M No change
EEFT Euronet Worldwide Inc. 0.41% 26,321 $1.7M No change
AROC Archrock Inc. 0.41% 50,000 $1.7M Reduce -78.3%
VVR Invesco Senior Income Trust 0.39% 518,888 $1.7M New
GPN Global Payments Inc. 0.39% 24,766 $1.7M No change
HIG Hartford Insurance Group Inc. 0.38% 12,020 $1.6M No change
IXC iShares Global Energy ETF 0.38% 28,000 $1.6M No change
AMGN Amgen Inc. 0.37% 4,500 $1.6M No change
V Visa Inc. Class A 0.37% 5,150 $1.6M No change
SMTC Semtech Corp. 0.36% 20,000 $1.5M New
EVF Eaton Vance Senior Income TR 0.36% 307,371 $1.5M New
AEP American Electric Power 0.35% 11,440 $1.5M No change
OMF Onemain Holdings Inc. 0.35% 28,000 $1.5M No change

Show all 143 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $8.5M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 7,174$8.5MAdd +39.4%

Total filed on the 13F, all lines: $433.0M.

Portfolio Sells Q4 2025 → Q1 2026
RIG Transocean Ltd. Sold out 0.00% −1.64
TTI Tetra Technologies Inc. Sold out 0.00% −1.34
REVG Rev Group Inc. Sold out 0.00% −0.94
AROC Archrock Inc. Reduce -78.3% 0.41% −0.91
STLA Stellantis NV Sold out 0.00% −0.79
TER Teradyne Inc. Sold out 0.00% −0.76
TMUS T-Mobile US Inc. Reduce -84.9% 0.15% −0.73
GSBD Goldman Sachs BDC Inc. Sold out 0.00% −0.69
TTEK Tetra Tech Inc. Sold out 0.00% −0.66
OCSL Oaktree Specialty Lending Co. Sold out 0.00% −0.60
KRNT Kornit Digital Ltd. Sold out 0.00% −0.52
THO Thor Industries Inc. Sold out 0.00% −0.52
TYL Tyler Technologies Inc. Sold out 0.00% −0.51
D Dominion Energy Inc. Reduce -49.5% 0.66% −0.50
WU Western Union Co. Sold out 0.00% −0.45
DOX Amdocs Ltd. Sold out 0.00% −0.43
RNR Renaissancere Holdings Ltd. Sold out 0.00% −0.40
BKLN Invesco Senior Loan ETF Reduce -78.9% 0.11% −0.39
DLX Deluxe Corp. Reduce -52.4% 0.65% −0.38
DDD 3D Systems Corp. Reduce -73.2% 0.17% −0.38
CCEP Coca-Cola Europacific Partne Sold out 0.00% −0.38
KALU Kaiser Aluminum Corp. Reduce -30.1% 1.32% −0.36
CCAP Crescent Capital BDC Inc. Sold out 0.00% −0.34
PFGC Performance Food Group Co. Sold out 0.00% −0.33
ACGL Arch Capital Group Ltd. Sold out 0.00% −0.32
TRN Trinity Industries Inc. Sold out 0.00% −0.32
BVN Cia DE Minas Buenaventur-ADR Reduce -71.1% 0.20% −0.30
XNXNX Nuveen NY Sel Tax-FR Inc. Sold out 0.00% −0.29
XEL Xcel Energy Inc. Sold out 0.00% −0.28
NKE Nike Inc. Class B Sold out 0.00% −0.27
VOYA Voya Financial Inc. Sold out 0.00% −0.26
SHOO Steven Madden Ltd. Sold out 0.00% −0.25
EG Everest Group Ltd. Sold out 0.00% −0.24
GLOB Globant SA Sold out 0.00% −0.22
ARCC Ares Capital Corp. Sold out 0.00% −0.22
NXC Nuveen Ca Sel TX-FR Inc. Sold out 0.00% −0.21
AWI Armstrong World Industries Reduce -4.8% 1.28% −0.18
VC Visteon Corp. Sold out 0.00% −0.16
LEA Lear Corp. Sold out 0.00% −0.16
BKR Baker Hughes Co. Reduce -39.7% 0.92% −0.14
TSEOQ Trinseo PLC Sold out 0.00% −0.11
AXP American Express Co. Reduce -12.7% 0.34% −0.11
THRM Gentherm Inc. Sold out 0.00% −0.10
EQH Equitable Holdings Inc. Reduce -6.4% 0.32% −0.09
MA Mastercard Inc. Class A Reduce -1.7% 1.04% −0.09
KRNY Kearny Financial Corp. Sold out 0.00% −0.09
NFG National Fuel Gas Co. Reduce -24.0% 1.55% −0.07
ANET Arista Networks Inc. Reduce -7.1% 0.94% −0.07
SWZ Total Return Securities Fund Reduce -8.3% 0.70% −0.05
XRSFX Rivernorth Capital & Income Reduce -16.0% 0.35% −0.03

Portfolio Buys Q4 2025 → Q1 2026
PLOW Douglas Dynamics Inc. New 2.05% +2.05
AGNC AGNC Investment Corp. Add +679.4% 1.43% +1.24
AR Antero Resources Corp. New 1.12% +1.12
MSM MSC Industrial Direct Co. Class A New 1.01% +1.01
IIIN Insteel Industries Inc. New 0.74% +0.74
SMG Scotts Miracle-Gro Co. New 0.67% +0.67
RH RH Add +692.1% 0.73% +0.62
BALL Ball Corp. Add +135.5% 0.82% +0.53
SWK Stanley Black & Decker Inc. Add +90.8% 1.08% +0.53
MT Arcelormittal-NY Registered Add +140.7% 0.80% +0.53
ZTO Zto Express Cayman Inc.-ADR Add +20.0% 1.42% +0.50
BHP BHP Group Ltd.-Spon ADR Add +47.5% 1.01% +0.48
CCJ Cameco Corp. Add +21.9% 1.28% +0.45
CVI CVR Energy Inc. Add +4.2% 1.36% +0.44
VVR Invesco Senior Income Trust New 0.39% +0.39
SMTC Semtech Corp. New 0.36% +0.36
EVF Eaton Vance Senior Income TR New 0.36% +0.36
PODD Insulet Corp. New 0.30% +0.30
ARDC Ares Dynamic Credit All New 0.28% +0.28
SJNK SS SPDR BB St Hi Yield ETF New 0.27% +0.27
BRC Brady Corporation Class A Add +37.5% 0.63% +0.22
GIL Gildan Activewear Inc. Add +32.6% 1.03% +0.21
BCO The Brink's Co. Add +56.3% 0.61% +0.20
STLD Steel Dynamics Inc. Add +37.5% 0.47% +0.17
XEFRX Eaton Vance Sr FLTG Rate TR Add +117.7% 0.27% +0.15
BC Brunswick Corp. New 0.12% +0.12
JFR Nuveen Floating Rate Income Add +1.1% 3.04% +0.11
XJQCX Nuveen Credit Strategies Inc. Add +19.5% 0.35% +0.07
BEN Franklin Templeton Inc. New 0.07% +0.07
EFT Eaton Vance Fltng RT Inc. TR Add +13.3% 0.43% +0.06
BGT BlackRock Fltng RT Inc. TR Add +24.7% 0.26% +0.06
HVT Haverty Furniture New 0.05% +0.05
TNA Dir Dai SML Ca Bul 3X Et-Usd Add +1.5% 0.90% +0.04
B Barrick Mining Corp. Add +3.8% 0.80% +0.03
LAZ Lazard Inc. Add +0.1% 0.62% −0.04
OI O-I Glass Inc. Add +7.5% 0.71% −0.16

Notes & Other Activity Q4 2025 → Q1 2026
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +39.4% 7,174 $8.5M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Sold out 1,907 $2.3Mbefore exit

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