Invesco Ltd.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Invesco Ltd. reported 3,637 stock positions worth $539.5 billion. Its top holding was Nvidia (NVDA) at 3.2% of the portfolio, followed by Microsoft (MSFT, 3.1%) and Apple (AAPL, 3.1%). Compared with Q3 2024, it opened 112 new positions, sold out of 105, added to 2,143 and reduced 1,364. The biggest buy was Nvidia (NVDA, shares +8%) and the biggest sale an exit from Marathon Oil (MRO).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0000914208
Portfolio Value
$539.5B (Q4 2024)
SEC Filing
0000914208-25-000103 ↗ filed Feb 13, 2025

Holdings Value

0$500.0B$1.00T$1.50T Q1 2024: $464.1B Q1 2024 Q2 2024: $471.4B Q2 2024 Q3 2024: $516.5B Q3 2024 Q4 2024: $539.5B $539.5B Q4 2024 Q1 2025: $526.6B Q1 2025 Q2 2025: $586.5B Q2 2025 Q3 2025: $633.2B Q3 2025 Q4 2025: $1.06T Q4 2025 Q1 2026: $1.02T Q1 2026 Q2 2026: $1.26T Q2 2026

Holdings 3,637 stocks · $539.5B
NVDA Nvidia Corp. 3.23% 129,889,317 $17.4B Add +7.6%
MSFT Microsoft Corp. 3.07% 39,248,561 $16.5B Add +1.5%
AAPL Apple Inc. 3.06% 65,903,964 $16.5B Add +0.0%
AMZN Amazon.com Inc. 2.34% 57,591,462 $12.6B Add +4.7%
META Meta Platforms Inc. Class A 1.87% 17,268,868 $10.1B Reduce -1.8%
AVGO Broadcom Inc. 1.56% 36,306,313 $8.4B Reduce -18.8%
GOOGL Alphabet Inc. Class A 1.51% 43,055,169 $8.2B Reduce -1.5%
TSLA Tesla Inc. 0.94% 12,575,114 $5.1B Add +6.6%
NFLX Netflix Inc. 0.71% 4,308,201 $3.8B Add +2.9%
GOOG Alphabet Inc. Class C 0.70% 19,939,547 $3.8B Add +5.0%
COST Costco Wholesale Corp. 0.63% 3,715,685 $3.4B Add +1.2%
V Visa Inc. Class A 0.60% 10,191,218 $3.2B Reduce -1.1%
JPM JPMorgan Chase & Co. 0.59% 13,207,448 $3.2B Reduce -1.8%
UNH Unitedhealth Group Inc. 0.57% 6,033,896 $3.1B Reduce -1.4%
LLY Eli Lilly & Co. 0.53% 3,672,815 $2.8B Reduce -0.2%
JNJ Johnson & Johnson 0.51% 19,126,079 $2.8B Add +6.5%
CRM Salesforce Inc. 0.48% 7,791,015 $2.6B Add +42.5%
WMT Walmart Inc. 0.47% 28,365,122 $2.6B Add +1.3%
MA Mastercard Inc. Class A 0.47% 4,837,519 $2.5B Add +0.0%
CSCO Cisco Systems Inc. 0.47% 42,679,696 $2.5B Reduce -1.9%
BRK.B Berkshire Hathaway Inc. Class B 0.44% 5,268,209 $2.4B Reduce -0.1%
WFC Wells Fargo & Co. 0.43% 33,389,969 $2.3B Reduce -10.1%
TXN Texas Instruments Inc. 0.41% 11,893,157 $2.2B Add +15.4%
XOM Exxon Mobil Corp. 0.41% 20,456,964 $2.2B Reduce -2.4%
CVX Chevron Corp. 0.40% 15,027,474 $2.2B Add +6.9%
ISRG Intuitive Surgical Inc. 0.40% 4,148,180 $2.2B Add +7.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.40% 48,966,793 $2.2B Add +2.7%
PM Philip Morris International 0.38% 17,215,615 $2.1B Reduce -10.6%
ADI Analog Devices Inc. 0.37% 9,300,799 $2.0B Reduce -8.5%
QQQM Invesco Nasdaq 100 ETF 0.36% 9,323,266 $2.0B Add +14.3%
TMUS T-Mobile US Inc. 0.36% 8,809,417 $1.9B Add +4.6%
INTU Intuit Inc. 0.35% 3,042,173 $1.9B Reduce -4.4%
PG The Procter & Gamble Co. 0.35% 11,265,453 $1.9B Add +13.6%
ADBE Adobe Inc. 0.34% 4,165,365 $1.9B Reduce -3.7%
NOW ServiceNow Inc. 0.34% 1,721,051 $1.8B Reduce -2.4%
MRVL Marvell Technology Inc. 0.33% 16,157,979 $1.8B Add +30.1%
RSP Invesco S&P 500 Equal Weight 0.32% 9,993,434 $1.8B Add +30.6%
KKR KKR & Co. Inc. 0.32% 11,672,757 $1.7B Reduce -10.4%
GS Goldman Sachs Group Inc. 0.32% 3,010,583 $1.7B Add +8.3%
CMCSA Comcast Corp. Class A 0.31% 45,175,969 $1.7B Add +11.5%
BKNG Booking Holdings Inc. 0.31% 340,247 $1.7B Add +1.1%
PEP Pepsico Inc. 0.31% 10,836,264 $1.6B Add +1.2%
LIN Linde PLC 0.30% 3,818,608 $1.6B Add +7.5%
GE General Electric filed as GE AEROSPACE 0.30% 9,544,757 $1.6B Add +14.4%
PH Parker Hannifin Corp. 0.30% 2,502,728 $1.6B Add +8.6%
COP Conocophillips 0.29% 15,570,246 $1.5B Add +37.1%
MRK Merck & Co. Inc. 0.28% 15,452,240 $1.5B Add +22.6%
KO The Coca-Cola Co. 0.28% 24,566,933 $1.5B Add +18.3%
QCOM Qualcomm Inc. 0.27% 9,630,193 $1.5B Reduce -11.1%
UNP Union Pacific Corp. 0.27% 6,439,861 $1.5B Add +4.6%
JCI Johnson Controls Internation 0.27% 18,407,597 $1.5B Add +13.2%
SPGI S&P Global Inc. 0.27% 2,891,884 $1.4B Reduce -11.7%
EMR Emerson Electric Co. 0.26% 11,466,470 $1.4B Reduce -6.0%
AIG American International Group 0.26% 19,411,423 $1.4B Reduce -3.1%
BSX Boston Scientific Corp. 0.26% 15,790,666 $1.4B Add +13.6%
FISV Fiserv Inc. 0.26% 6,806,141 $1.4B Reduce -6.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.26% 12,366,140 $1.4B Reduce -2.7%
AMD Advanced Micro Devices 0.25% 11,368,317 $1.4B Add +7.2%
AXP American Express Co. 0.25% 4,625,900 $1.4B Reduce -7.2%
AMAT Applied Materials Inc. 0.25% 8,210,778 $1.3B Reduce -5.4%
PGR Progressive Corp. 0.25% 5,521,545 $1.3B Add +2.9%
SYY Sysco Corp. 0.24% 16,907,541 $1.3B Add +5.3%
ABBV Abbvie Inc. 0.23% 7,120,186 $1.3B Reduce -8.2%
MCD McDonald's Corp. 0.23% 4,277,907 $1.2B Add +15.8%
ANET Arista Networks Inc. 0.23% 11,190,118 $1.2B Reduce -7.2%
MDT Medtronic PLC 0.23% 15,445,284 $1.2B Add +17.8%
PLD Prologis Inc. 0.23% 11,577,456 $1.2B Add +0.4%
LRCX Lam Research Corp. 0.23% 16,858,135 $1.2B Add +0.9%
HON Honeywell International Inc. 0.22% 5,285,417 $1.2B Add +5.2%
OMFL Invesco Russell 1000 DYN M/F 0.22% 21,793,427 $1.2B Reduce -3.0%
HD Home Depot Inc. 0.22% 3,027,794 $1.2B Reduce -1.3%
RTX RTX Corp. 0.22% 10,157,769 $1.2B Add +17.6%
LOW Lowe's Cos Inc. 0.22% 4,705,927 $1.2B Reduce -5.7%
C Citigroup Inc. 0.21% 16,247,095 $1.1B Add +13.8%
ADP Automatic Data Processing 0.21% 3,886,552 $1.1B Add +6.0%
ETN Eaton Corp. PLC 0.21% 3,379,435 $1.1B Reduce -1.1%
MS Morgan Stanley 0.21% 8,893,909 $1.1B Reduce -14.1%
PLTR Palantir Technologies Inc. Class A 0.21% 14,748,240 $1.1B Add +31.2%
ET Energy Transfer LP 0.20% 56,113,966 $1.1B Reduce -3.7%
SCHW Schwab (charles) Corp. 0.20% 14,842,544 $1.1B Add +3.0%
HTHT H World Group Ltd.-ADR 0.20% 33,025,135 $1.1B Reduce -5.0%
AMT American Tower Corp. 0.20% 5,941,586 $1.1B Add +8.3%
CAT Caterpillar Inc. 0.20% 2,991,403 $1.1B Add +0.3%
T AT&T Inc. 0.20% 47,651,898 $1.1B Add +18.2%
SPYM Ste STR SPDR PT S&P 500 ETF 0.20% 15,463,978 $1.1B Add +17.0%
CFG Citizens Financial Group 0.20% 24,195,533 $1.1B Reduce -3.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.20% 8,753,021 $1.1B Add +4.3%
ORCL Oracle Corp. 0.19% 6,303,466 $1.1B Reduce -1.3%
SBUX Starbucks Corp. 0.19% 11,457,981 $1.0B Add +9.0%
GILD Gilead Sciences Inc. 0.19% 11,277,915 $1.0B Add +12.9%
HEI.A Heico Corp. Class A 0.19% 5,594,807 $1.0B Reduce -3.6%
FERG Ferguson Enterprises Inc. 0.19% 5,991,445 $1.0B Add +25.9%
LMT Lockheed Martin Corp. 0.19% 2,131,928 $1.0B Add +17.5%
BX Blackstone Inc. 0.19% 5,987,702 $1.0B Add +6.6%
PNC PNC Financial Services Group 0.19% 5,291,060 $1.0B Reduce -8.1%
ABT Abbott Laboratories 0.19% 9,018,429 $1.0B Add +27.6%
AMGN Amgen Inc. 0.19% 3,887,248 $1.0B Add +7.5%
MPLX MPLX LP 0.19% 20,963,793 $1.0B Reduce -0.3%
SU Suncor Energy Inc. 0.18% 27,773,793 $991.0M Reduce -6.3%
APP AppLovin Corp. Class A 0.18% 3,018,990 $977.6M Add +68.0%

Show all 3,637 holdings

Options reported separately and not counted above: FXI calls ($22.7M), QQQ calls ($19.9M), QQQ puts ($19.9M), BKNG calls ($17.4M), RCL calls ($13.7M), PANW calls ($10.4M), CCL calls ($9.6M), VST calls ($1.4M), BRSL calls ($1.1M), WYNN calls ($862K), FTAI calls ($778K), NCLH calls ($772K), and 4 more.

Other holdings (103): bonds, preferreds, convertibles and warrants · $1.3B (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 63,290$75.6MReduce -2.5%
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal 72,302,000$72.6MReduce -1.0%
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 76,964,000$72.2MAdd +0.0%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 68,730,000$71.7MNo change
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 60,268,000$59.6MNo change
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 59,867,000$55.6MNo change
BLOCK INC (XYZ 0.125 03/01/25) NOTE 0.125% 3/0 · principal 53,256,000$52.8MNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 45,645,000$48.5MAdd +2.2%
INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) NOTE 0.500% 8/1 · principal 50,175,000$48.2MNo change
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) PFD CV TR SEC 28 971,399$46.6MReduce -0.8%
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal 41,612,000$42.2MReduce -20.8%
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 40,000,000$40.3MAdd +566.7%
JBT MAREL CORP (JBTM 0.25 05/15/26) NOTE 0.250% 5/1 · principal 38,828,000$38.6MNo change
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 36,880,000$37.5MAdd +0.1%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 26,765,000$32.7MReduce -4.4%
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 26,670,000$31.2MReduce -0.7%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 29,269,000$27.9MReduce -49.7%
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal 31,093,000$25.6MNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 410,550$25.0MNew
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 17,800$21.7MReduce -6.5%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 11,200,000$11.3MReduce -0.7%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 9,925,000$10.9MNew
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 7,500,000$10.2MReduce -4.8%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 10,100,000$10.1MReduce -12.9%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 110,800$9.6MReduce -8.9%
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal 11,000,000$9.5MReduce -11.3%
MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal 4,403,000$9.1MReduce -32.3%
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 8,000,000$8.7MNew
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 130,000$8.2MAdd +8.3%
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 7,650,000$7.8MReduce -31.1%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 5,400,000$7.5MReduce -7.3%
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 7,400,000$7.3MReduce -6.3%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 6,000,000$7.2MReduce -8.4%
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 6,600,000$6.7MNo change
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 138,000$6.7MReduce -4.8%
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 6,256,000$6.7MReduce -6.6%
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 5,000,000$6.6MNew
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 6,300,000$6.5MNew
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 6,500,000$6.3MReduce -23.5%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 5,000,000$5.8MReduce -8.9%
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 4,500,000$5.7MReduce -8.6%
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 5,500,000$5.6MReduce -10.6%
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 5,000,000$5.4MNew
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 2,000,000$5.2MNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 127,800$5.2MReduce -19.6%
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 4,002,000$5.0MReduce -9.1%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 4,505,000$4.9MReduce -8.6%
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 3,750,000$4.7MAdd +8.1%
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 85,000$4.7MNew
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 5,000,000$4.7MNo change
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 4,500,000$4.6MReduce -30.8%
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal 4,500,000$4.6MNew
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 4,200,000$4.5MNew
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B 63,000$4.4MReduce -20.6%
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 3,750,000$4.3MNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 4,506,000$4.2MReduce -61.0%
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 4,500,000$4.2MReduce -50.0%
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 83,000$4.1MNew
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 4,200,000$3.8MReduce -40.0%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 2,770,000$3.7MNo change
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 3,000,000$3.6MReduce -7.5%
INSMED INC (INSM 0.75 06/01/28) NOTE 0.750% 6/0 · principal 1,655,000$3.6MAdd +0.3%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 3,975,000$3.6MReduce -34.0%
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) NOTE 1.750% 5/0 · principal 4,003,000$3.5MAdd +0.1%
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 3,425,000$3.3MNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 3,000,000$3.2MReduce -13.5%
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 2,750,000$3.2MAdd +17.0%
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 2,000,000$3.2MNo change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 3,500,000$3.1MReduce -18.1%
HUBSPOT INC (HUBS 0.375 06/01/25) NOTE 0.375% 6/0 · principal 1,250,000$3.1MReduce -12.3%
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 2,500,000$3.0MReduce -10.7%
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal 2,005,000$3.0MNo change
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 2,250,000$2.9MNew
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 2,500,000$2.9MAdd +25.0%
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 3,000,000$2.8MNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 3,000,000$2.7MReduce -25.0%
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 2,500,000$2.6MNo change
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal 1,750,000$2.4MNo change
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 2,300,000$2.4MNo change
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal 2,500,000$2.3MReduce -28.6%
MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal 2,000,000$2.2MReduce -11.1%
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal 1,000,000$2.2MReduce -33.3%
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal 1,000,000$2.2MNo change
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 2,000,000$2.2MReduce -58.8%
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 2,250,000$2.2MReduce -61.5%
CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) NOTE 4.500% 8/1 · principal 1,000,000$2.2MNo change
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 2,517,000$2.1MReduce -49.7%
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 2,000,000$2.1MReduce -33.3%
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 2,000,000$2.1MNew
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 2,000,000$2.1MReduce -24.5%
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal 2,000,000$2.1MNo change
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 2,000,000$1.8MReduce -14.9%
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 1,833,000$1.6MAdd +0.4%
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 1,750,000$1.6MReduce -48.1%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal 1,674,000$1.6MReduce -64.2%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 1,500,000$1.5MNo change
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 1,000,000$1.4MNo change
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal 950,000$1.4MReduce -84.4%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 1,000,000$1.3MNo change
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 1,263,000$1.3MReduce -48.5%
CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal 1,000,000$1.2MNo change
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) UNIT 02/01/2027 18,000$1.1MNew
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal 1,000,000$846KNew

Total filed on the 13F, all lines: $540.8B.

Portfolio Sells Q3 2024 → Q4 2024
MRO Marathon Oil Corp. Sold out 0.00% −0.14
UNH Unitedhealth Group Inc. Reduce -1.4% 0.57% −0.13
REGN Regeneron Pharmaceuticals Reduce -25.6% 0.11% −0.12
LLY Eli Lilly & Co. Reduce -0.2% 0.53% −0.11
ELV Elevance Health Inc. Reduce -12.2% 0.14% −0.10
AMAT Applied Materials Inc. Reduce -5.4% 0.25% −0.09
BABA Alibaba Group Holding-SP ADR Reduce -63.2% 0.04% −0.09
ADBE Adobe Inc. Reduce -3.7% 0.34% −0.09
ADI Analog Devices Inc. Reduce -8.5% 0.37% −0.09
DHR Danaher Corp. Reduce -21.2% 0.14% −0.08
QCOM Qualcomm Inc. Reduce -11.1% 0.27% −0.08
META Meta Platforms Inc. Class A Reduce -1.8% 1.87% −0.07
PM Philip Morris International Reduce -10.6% 0.38% −0.07
XOM Exxon Mobil Corp. Reduce -2.4% 0.41% −0.07
KHC The Kraft Heinz Co. Reduce -29.6% 0.10% −0.07
ABBV Abbvie Inc. Reduce -8.2% 0.23% −0.06
DD Dupont DE Nemours Inc. Reduce -23.4% 0.10% −0.06
SPGI S&P Global Inc. Reduce -11.7% 0.27% −0.06
ICE Intercontinental Exchange Inc. Reduce -23.2% 0.13% −0.06
SMCI Super Micro Computer Inc. Sold out 0.00% −0.06
UBER Uber Technologies Inc. Reduce -9.9% 0.13% −0.06
PDD PDD Holdings Inc. Reduce -21.6% 0.07% −0.06
TEL Te Connectivity PLC Reduce -37.2% 0.07% −0.05
VZ Verizon Communications Inc. Reduce -12.9% 0.16% −0.05
DHI D.R. Horton Inc. Reduce -26.4% 0.05% −0.05
PHM Pultegroup Inc. Reduce -25.9% 0.06% −0.05
HCA HCA Healthcare Inc. Reduce -14.4% 0.08% −0.05
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.05
HTHT H World Group Ltd.-ADR Reduce -5.0% 0.20% −0.05
ODFL Old Dominion Freight Line Reduce -12.5% 0.14% −0.05
LOW Lowe's Cos Inc. Reduce -5.7% 0.22% −0.05
ARE Alexandria Real Estate Equit Reduce -40.4% 0.04% −0.05
GWRE Guidewire Software Inc. Reduce -59.0% 0.03% −0.05
THC Tenet Healthcare Corp. Reduce -0.7% 0.12% −0.05
MELI MercadoLibre Inc. Reduce -2.9% 0.15% −0.04
VST Vistra Corp. Reduce -41.0% 0.08% −0.04
REXR Rexford Industrial Realty Inc. Reduce -56.3% 0.02% −0.04
MSI Motorola Solutions Inc. Reduce -17.0% 0.17% −0.04
NVMI Nova Ltd. Reduce -88.6% 0.00% −0.04
HEI.A Heico Corp. Class A Reduce -3.6% 0.19% −0.04
TRNO Terreno Realty Corp. Reduce -57.5% 0.02% −0.04
QRVO Qorvo Inc. Reduce -76.2% 0.01% −0.04
CTLT Catalent Inc. Sold out 0.00% −0.03
LVS Las Vegas Sands Corp. Reduce -27.6% 0.08% −0.03
AMX America Movil Sab DE CV Reduce -36.1% 0.04% −0.03
EFX Equifax Inc. Reduce -10.8% 0.10% −0.03
VRTX Vertex Pharmaceuticals Inc. Reduce -2.3% 0.14% −0.03
CI The Cigna Group Reduce -6.8% 0.08% −0.03
WING Wingstop Inc. Reduce -29.4% 0.03% −0.03
B Barrick Gold Corp. Reduce -39.8% 0.03% −0.03

Portfolio Buys Q3 2024 → Q4 2024
NVDA Nvidia Corp. Add +7.6% 3.23% +0.39
AMZN Amazon.com Inc. Add +4.7% 2.34% +0.36
TSLA Tesla Inc. Add +6.6% 0.94% +0.34
CRM Salesforce Inc. Add +42.5% 0.48% +0.19
MRVL Marvell Technology Inc. Add +30.1% 0.33% +0.16
NFLX Netflix Inc. Add +2.9% 0.71% +0.14
APP AppLovin Corp. Class A Add +68.0% 0.18% +0.14
PLTR Palantir Technologies Inc. Class A Add +31.2% 0.21% +0.13
FLUT Flutter Entertainment PLC-Di New 0.12% +0.12
IEMG iShares Core MSCI Emerging Add +150.1% 0.18% +0.10
TEAM Atlassian Corp. Class A Add +265.9% 0.11% +0.09
GOOG Alphabet Inc. Class C Add +5.0% 0.70% +0.09
HUBS HubSpot Inc. Add +79.8% 0.16% +0.09
AAPL Apple Inc. Add +0.0% 3.06% +0.09
APO Apollo Global Management Inc. Add +172.4% 0.10% +0.07
CPAY Corpay Inc. Add +163.7% 0.11% +0.07
DDOG Datadog Inc. Class A Add +90.8% 0.12% +0.07
RSP Invesco S&P 500 Equal Weight Add +30.6% 0.32% +0.06
SNOW Snowflake Inc. Add +406.5% 0.07% +0.06
COP Conocophillips Add +37.1% 0.29% +0.05
GS Goldman Sachs Group Inc. Add +8.3% 0.32% +0.05
TSM Taiwan Semiconductor-SP ADR Add +37.9% 0.15% +0.05
FTNT Fortinet Inc. Add +31.3% 0.15% +0.05
AXON Axon Enterprise Inc. Add +4.5% 0.15% +0.05
COF Capital One Financial Corp. Add +38.7% 0.14% +0.05
EQT Eqt Corp. Add +46.3% 0.11% +0.05
USB US Bancorp Add +48.1% 0.15% +0.05
DOCU Docusign Inc. Add +283.9% 0.06% +0.05
QQQM Invesco Nasdaq 100 ETF Add +14.3% 0.36% +0.05
WDAY Workday Inc. Class A Add +102.6% 0.09% +0.05
SRE Sempra Add +70.6% 0.11% +0.05
TPL Texas Pacific Land Corp. Add +203.4% 0.06% +0.04
SMCI Super Micro Computer Inc. New 0.04% +0.04
GEV GE Vernova Inc. Add +42.8% 0.09% +0.04
MSTR Strategy Inc. Add +173.4% 0.05% +0.04
ELS Equity Lifestyle Properties Add +592.7% 0.05% +0.04
REG Regency Centers Corp. Add +121.2% 0.07% +0.04
BKNG Booking Holdings Inc. Add +1.1% 0.31% +0.04
C Citigroup Inc. Add +13.8% 0.21% +0.04
WMT Walmart Inc. Add +1.3% 0.47% +0.04
DFS Discover Financial Services Add +38.5% 0.10% +0.04
MAR Marriott International Class A Add +17.4% 0.18% +0.04
BSX Boston Scientific Corp. Add +13.6% 0.26% +0.04
ISRG Intuitive Surgical Inc. Add +7.7% 0.40% +0.03
EL Estee Lauder Companies Class A Add +148.8% 0.08% +0.03
ABT Abbott Laboratories Add +27.6% 0.19% +0.03
BAC Bank of America Corp. Add +2.7% 0.40% +0.03
LNG Cheniere Energy Inc. Add +16.1% 0.13% +0.03
GILD Gilead Sciences Inc. Add +12.9% 0.19% +0.03
MEDP Medpace Holdings Inc. Add +91.8% 0.07% +0.03

Options Activity Q3 2024 → Q4 2024
FXI iShares China Large-Cap ETF call New 744,400 $22.7M
QQQ Invesco QQQ Trust Series 1 call Reduce -16.7% 38,900 $19.9M
QQQ Invesco QQQ Trust Series 1 put Reduce -16.7% 38,900 $19.9M
BKNG Booking Holdings Inc. call Add +40.0% 3,500 $17.4M
RCL Royal Caribbean Cruises Ltd. call Add +14.9% 59,200 $13.7M
PANW Palo Alto Networks Inc. call Reduce -21.5% 57,000 $10.4M
CCL Carnival Corp. call Add +906.5% 385,500 $9.6M
XLE SS Energy Select Sector call Sold out 103,500 $9.1Mbefore exit
X United States Steel Corp. call Sold out 180,000 $6.4Mbefore exit
IWM iShares Russell 2000 ETF call Sold out 14,900 $3.3Mbefore exit
PEG Public Service Enterprise GP call Sold out 18,400 $1.6Mbefore exit
VST Vistra Corp. call Add +94.2% 10,100 $1.4M
BRSL Brightstar Lottery PLC call New 63,100 $1.1M
WYNN WYNN Resorts Ltd. call New 10,000 $862K
NCLH Norwegian Cruise Line Holdin call Reduce -14.0% 30,000 $772K
CEG Constellation Energy call Sold out 2,900 $754Kbefore exit
XYZ Block Inc. call New 8,300 $705K
UNIT Uniti Group LLC Com SHS call New 126,600 $696K
VRT Vertiv Holdings Co. Class A call Reduce -21.5% 5,100 $579K
LUMN Lumen Technologies Inc. call New 81,600 $433K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2024 → Q4 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -2.5% 63,290 $75.6M
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal Reduce -1.0% 72,302,000 $72.6M
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Add +0.0% 76,964,000 $72.2M
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal Add +2.2% 45,645,000 $48.5M
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) PFD CV TR SEC 28 Reduce -0.8% 971,399 $46.6M
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal Reduce -20.8% 41,612,000 $42.2M
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal Add +566.7% 40,000,000 $40.3M
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal Add +0.1% 36,880,000 $37.5M
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal Reduce -4.4% 26,765,000 $32.7M
ENVESTNET INC (ENV 2.625 12/01/27) NOTE 2.625%12/0 · principal Sold out 30,860,000 $32.6Mbefore exit
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal Reduce -0.7% 26,670,000 $31.2M
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal Reduce -49.7% 29,269,000 $27.9M
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 410,550 $25.0M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -6.5% 17,800 $21.7M
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Reduce -0.7% 11,200,000 $11.3M
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal New 9,925,000 $10.9M
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Reduce -4.8% 7,500,000 $10.2M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Reduce -12.9% 10,100,000 $10.1M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -8.9% 110,800 $9.6M
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal Reduce -11.3% 11,000,000 $9.5M
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal Sold out 8,300,000 $9.2Mbefore exit
MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal Reduce -32.3% 4,403,000 $9.1M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal New 8,000,000 $8.7M
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Add +8.3% 130,000 $8.2M
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Reduce -31.1% 7,650,000 $7.8M
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Reduce -7.3% 5,400,000 $7.5M
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Reduce -6.3% 7,400,000 $7.3M
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Sold out 6,575,000 $7.2Mbefore exit
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Reduce -8.4% 6,000,000 $7.2M
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Reduce -4.8% 138,000 $6.7M
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal Reduce -6.6% 6,256,000 $6.7M
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal New 5,000,000 $6.6M
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal New 6,300,000 $6.5M
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Reduce -23.5% 6,500,000 $6.3M
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal Sold out 6,300,000 $6.0Mbefore exit
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal Reduce -8.9% 5,000,000 $5.8M
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal Reduce -8.6% 4,500,000 $5.7M
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal Reduce -10.6% 5,500,000 $5.6M
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal New 5,000,000 $5.4M
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Reduce -19.6% 127,800 $5.2M
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal Sold out 4,200,000 $5.1Mbefore exit
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal Reduce -9.1% 4,002,000 $5.0M
MONGODB INC (MDB 0.25 01/15/26) NOTE 0.250% 1/1 · principal Sold out 3,600,000 $5.0Mbefore exit
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal Reduce -8.6% 4,505,000 $4.9M
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal Add +8.1% 3,750,000 $4.7M
ZILLOW GROUP INC (Z 1.375 09/01/26) NOTE 1.375% 9/0 · principal Sold out 3,200,000 $4.7Mbefore exit
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD New 85,000 $4.7M
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal Reduce -30.8% 4,500,000 $4.6M
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal New 4,500,000 $4.6M
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal New 4,200,000 $4.5M

Showing the first 50 of 98.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3,722$1.26TNVDA, AAPL, MU, MSFT, AMZN
Q1 2026Amended 3,660$1.02TNVDA, AAPL, MSFT, AMZN, GOOGL
Q4 2025Amended 3,663$1.06TNVDA, AAPL, MSFT, AMZN, GOOGL
Q3 2025 3,694$633.2BNVDA, MSFT, AAPL, AVGO, AMZN
Q2 2025 3,674$586.5BNVDA, MSFT, AAPL, AMZN, META
Q1 2025 3,663$526.6BMSFT, AAPL, NVDA, AMZN, META
Q4 2024 3,637$539.5BNVDA, MSFT, AAPL, AMZN, META
Q3 2024 3,627$516.5BMSFT, AAPL, NVDA, AMZN, META
Q2 2024 3,748$471.4BMSFT, NVDA, AAPL, AMZN, META
Q1 2024 3,728$464.1BMSFT, NVDA, AAPL, AMZN, META