Invesco Ltd.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Invesco Ltd. reported 3,663 stock positions worth $526.6 billion. Its top holding was Microsoft (MSFT) at 2.9% of the portfolio, followed by Apple (AAPL, 2.8%) and Nvidia (NVDA, 2.7%). Compared with Q4 2024, it opened 107 new positions, sold out of 83, added to 1,791 and reduced 1,743. The biggest buy was Invesco S&P 500 Revenue ETF (RWL, shares +540%) and the biggest sale Broadcom (AVGO, shares −2%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0000914208
Portfolio Value
$526.6B (Q1 2025)
SEC Filing
0000914208-25-000230 ↗ filed May 12, 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 Q4 2024 Q1 2025: $526.6B $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 3,663 stocks · $526.6B
MSFT Microsoft Corp. 2.86% 40,134,849 $15.1B Add +2.3%
AAPL Apple Inc. 2.82% 66,871,300 $14.9B Add +1.5%
NVDA Nvidia Corp. 2.73% 132,663,992 $14.4B Add +2.1%
AMZN Amazon.com Inc. 2.17% 59,943,904 $11.4B Add +4.1%
META Meta Platforms Inc. Class A 1.93% 17,669,795 $10.2B Add +2.3%
GOOGL Alphabet Inc. Class A 1.28% 43,648,514 $6.7B Add +1.4%
AVGO Broadcom Inc. 1.13% 35,470,862 $5.9B Reduce -2.3%
NFLX Netflix Inc. 0.83% 4,664,818 $4.4B Add +8.3%
TSLA Tesla Inc. 0.73% 14,786,414 $3.8B Add +17.6%
V Visa Inc. Class A 0.71% 10,724,456 $3.8B Add +5.2%
COST Costco Wholesale Corp. 0.70% 3,907,670 $3.7B Add +5.2%
JPM JPMorgan Chase & Co. 0.64% 13,754,558 $3.4B Add +4.1%
GOOG Alphabet Inc. Class C 0.60% 20,380,073 $3.2B Add +2.2%
UNH Unitedhealth Group Inc. 0.60% 5,990,449 $3.1B Reduce -0.7%
JNJ Johnson & Johnson 0.58% 18,474,706 $3.1B Reduce -3.4%
CSCO Cisco Systems Inc. 0.55% 47,117,146 $2.9B Add +10.4%
MA Mastercard Inc. Class A 0.54% 5,227,112 $2.9B Add +8.1%
LLY Eli Lilly & Co. 0.51% 3,232,007 $2.7B Reduce -12.0%
CVX Chevron Corp. 0.50% 15,855,325 $2.7B Add +5.5%
WFC Wells Fargo & Co. 0.50% 36,799,688 $2.6B Add +10.2%
PM Philip Morris International 0.49% 16,356,417 $2.6B Reduce -5.0%
WMT Walmart Inc. 0.49% 29,188,142 $2.6B Add +2.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.48% 60,477,988 $2.5B Add +23.5%
BRK.B Berkshire Hathaway Inc. Class B 0.47% 4,690,481 $2.5B Reduce -11.0%
TXN Texas Instruments Inc. 0.46% 13,624,568 $2.4B Add +14.6%
PG The Procter & Gamble Co. 0.44% 13,493,604 $2.3B Add +19.8%
XOM Exxon Mobil Corp. 0.41% 18,303,640 $2.2B Reduce -10.5%
ISRG Intuitive Surgical Inc. 0.40% 4,219,974 $2.1B Add +1.7%
TMUS T-Mobile US Inc. 0.39% 7,647,852 $2.0B Reduce -13.2%
CRM Salesforce Inc. 0.39% 7,561,374 $2.0B Reduce -3.0%
RSP Invesco S&P 500 Equal Weight 0.37% 11,189,061 $1.9B Add +12.0%
GE General Electric filed as GE AEROSPACE 0.36% 9,599,522 $1.9B Add +0.6%
INTU Intuit Inc. 0.36% 3,078,686 $1.9B Add +1.2%
LIN Linde PLC 0.34% 3,859,539 $1.8B Add +1.1%
QQQM Invesco Nasdaq 100 ETF 0.33% 9,119,806 $1.8B Reduce -2.2%
ABBV Abbvie Inc. 0.33% 8,367,049 $1.8B Add +17.5%
PEP Pepsico Inc. 0.32% 11,328,158 $1.7B Add +4.5%
BSX Boston Scientific Corp. 0.32% 16,624,940 $1.7B Add +5.3%
KO The Coca-Cola Co. 0.31% 22,830,498 $1.6B Reduce -7.1%
BKNG Booking Holdings Inc. 0.31% 354,053 $1.6B Add +4.1%
ADI Analog Devices Inc. 0.31% 8,055,774 $1.6B Reduce -13.4%
GS Goldman Sachs Group Inc. 0.31% 2,951,510 $1.6B Reduce -2.0%
AIG American International Group 0.30% 17,882,217 $1.6B Reduce -7.9%
MDT Medtronic PLC 0.29% 16,980,592 $1.5B Add +9.9%
QCOM Qualcomm Inc. 0.29% 9,846,093 $1.5B Add +2.2%
PLTR Palantir Technologies Inc. Class A 0.28% 17,746,956 $1.5B Add +20.3%
CMCSA Comcast Corp. Class A 0.28% 40,497,249 $1.5B Reduce -10.4%
COP Conocophillips 0.28% 14,045,831 $1.5B Reduce -9.8%
MCD McDonald's Corp. 0.28% 4,664,299 $1.5B Add +9.0%
ADBE Adobe Inc. 0.28% 3,796,947 $1.5B Reduce -8.8%
FISV Fiserv Inc. 0.27% 6,478,558 $1.4B Reduce -4.8%
SPGI S&P Global Inc. 0.27% 2,792,503 $1.4B Reduce -3.4%
PH Parker Hannifin Corp. 0.27% 2,304,701 $1.4B Reduce -7.9%
KKR KKR & Co. Inc. 0.26% 12,059,775 $1.4B Add +3.3%
CVS CVS Health Corp. 0.26% 20,413,853 $1.4B Add +13.2%
T AT&T Inc. 0.26% 48,740,463 $1.4B Add +2.3%
MRK Merck & Co. Inc. 0.26% 15,298,134 $1.4B Reduce -1.0%
RTX RTX Corp. 0.26% 10,312,313 $1.4B Add +1.5%
PGR Progressive Corp. 0.26% 4,796,556 $1.4B Reduce -13.1%
JCI Johnson Controls Internation 0.26% 16,821,426 $1.3B Reduce -8.6%
UNP Union Pacific Corp. 0.25% 5,681,907 $1.3B Reduce -11.8%
NOW ServiceNow Inc. 0.25% 1,658,667 $1.3B Reduce -3.6%
AMT American Tower Corp. 0.25% 5,971,716 $1.3B Add +0.5%
COR Cencora Inc. 0.24% 4,607,964 $1.3B Add +42.1%
SYY Sysco Corp. 0.24% 17,070,502 $1.3B Add +1.0%
LRCX Lam Research Corp. 0.24% 17,330,771 $1.3B Add +2.8%
PLD Prologis Inc. 0.24% 11,212,792 $1.3B Reduce -3.1%
ADP Automatic Data Processing 0.23% 4,031,713 $1.2B Add +3.7%
SCHW Schwab (charles) Corp. 0.23% 15,586,450 $1.2B Add +5.0%
LOW Lowe's Cos Inc. 0.23% 5,207,081 $1.2B Add +10.7%
AMD Advanced Micro Devices 0.23% 11,819,012 $1.2B Add +4.0%
AMGN Amgen Inc. 0.23% 3,850,501 $1.2B Reduce -0.9%
C Citigroup Inc. 0.23% 16,839,915 $1.2B Add +3.6%
CP Canadian Pacific Kansas City 0.23% 16,984,351 $1.2B Add +59.5%
HON Honeywell International Inc. 0.22% 5,568,610 $1.2B Add +5.4%
HEI.A Heico Corp. Class A 0.22% 5,515,791 $1.2B Reduce -1.4%
AXP American Express Co. 0.22% 4,324,951 $1.2B Reduce -6.5%
AMAT Applied Materials Inc. 0.22% 8,015,208 $1.2B Reduce -2.4%
HD Home Depot Inc. 0.22% 3,171,002 $1.2B Add +4.7%
EMR Emerson Electric Co. 0.22% 10,485,953 $1.1B Reduce -8.6%
GILD Gilead Sciences Inc. 0.22% 10,126,898 $1.1B Reduce -10.2%
SBUX Starbucks Corp. 0.21% 11,471,503 $1.1B Add +0.1%
MELI MercadoLibre Inc. 0.21% 570,967 $1.1B Add +22.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.21% 11,235,328 $1.1B Reduce -9.1%
ABT Abbott Laboratories 0.21% 8,343,439 $1.1B Reduce -7.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.21% 9,000,600 $1.1B Add +2.8%
FERG Ferguson Enterprises Inc. 0.21% 6,818,800 $1.1B Add +13.8%
WELL Welltower Inc. 0.21% 7,087,632 $1.1B Reduce -4.5%
HTHT H World Group Ltd.-ADR 0.21% 29,267,676 $1.1B Reduce -11.4%
MPLX MPLX LP 0.20% 20,052,988 $1.1B Reduce -4.3%
SPYM Ste STR SPDR PT S&P 500 ETF 0.20% 16,237,931 $1.1B Add +5.0%
BMY Bristol-Myers Squibb Co. 0.20% 17,463,156 $1.1B Add +6.2%
ETN Eaton Corp. PLC 0.20% 3,913,209 $1.1B Add +15.8%
APP AppLovin Corp. Class A 0.20% 4,011,306 $1.1B Add +32.9%
MS Morgan Stanley 0.20% 8,959,754 $1.0B Add +0.7%
ET Energy Transfer LP 0.20% 56,118,989 $1.0B Add +0.0%
CAT Caterpillar Inc. 0.20% 3,141,936 $1.0B Add +5.0%
OMFL Invesco Russell 1000 DYN M/F 0.19% 18,974,344 $1.0B Reduce -12.9%
PPL PPL Corp. 0.19% 27,938,545 $1.0B Add +1.7%
VZ Verizon Communications Inc. 0.19% 22,125,587 $1.0B Add +5.3%

Show all 3,663 holdings

Options reported separately and not counted above: QQQ calls ($14.0M), QQQ puts ($14.0M), XLE calls ($7.5M), AXON calls ($7.4M), BKNG calls ($6.9M), PANW calls ($6.4M), RCL calls ($5.1M), SMH calls ($4.1M), BRSL calls ($1.0M), WYNN calls ($835K), CHWY calls ($731K), VST calls ($458K), and 1 more.

Other holdings (90): bonds, preferreds, convertibles and warrants · $1.2B (not counted above)
SecurityClassShares / PrincipalValueChange
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 87,561,000$82.5MNew
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 63,290$76.0MNo change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 66,880,000$74.8MReduce -2.7%
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 76,959,000$73.5MReduce -0.0%
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal 63,844,000$64.7MReduce -11.7%
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 60,268,000$59.2MNo change
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 59,867,000$56.7MNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 45,645,000$52.6MNo change
INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) NOTE 0.500% 8/1 · principal 50,175,000$49.1MNo change
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) PFD CV TR SEC 28 971,399$47.3MNo change
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 40,000,000$43.1MNo change
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal 41,612,000$43.1MNo change
JBT MAREL CORP (JBTM 0.25 05/15/26) NOTE 0.250% 5/1 · principal 38,828,000$38.7MNo change
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 36,859,000$37.0MReduce -0.1%
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 549,350$32.9MAdd +33.8%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 26,765,000$32.5MNo change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 28,670,000$30.2MAdd +7.5%
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal 31,093,000$24.7MNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 17,800$22.0MNo change
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 15,550,000$14.4MNew
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 11,225,000$13.7MAdd +13.1%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 12,500,000$12.2MAdd +11.6%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 7,500,000$10.4MNo change
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 8,700,000$10.0MNew
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 7,650,000$8.3MNo change
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 110,800$8.1MNo change
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 6,400,000$7.5MAdd +18.5%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 6,000,000$7.2MNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 5,500,000$7.0MAdd +83.3%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 7,100,000$6.9MReduce -29.7%
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 138,000$6.6MNo change
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 5,000,000$6.4MNo change
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 6,200,000$6.3MAdd +47.6%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 130,000$6.2MNo change
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 5,700,000$6.1MNew
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 5,500,000$6.0MNo change
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 5,000,000$5.9MNo change
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 129,300$5.8MAdd +55.8%
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 4,500,000$5.7MNo change
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 100,000$5.0MNew
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 100,000$4.9MNew
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 3,750,000$4.8MNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 127,800$4.6MNo change
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal 4,500,000$4.4MNo change
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 4,050,000$4.3MAdd +80.0%
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 4,000,000$4.2MReduce -50.0%
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 85,000$4.1MNo change
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 4,000,000$4.0MNew
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 3,750,000$4.0MNo change
INSMED INC (INSM 0.75 06/01/28) NOTE 0.750% 6/0 · principal 1,650,000$3.9MReduce -0.3%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 2,770,000$3.9MNo change
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 3,000,000$3.7MNo change
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 3,600,000$3.5MReduce -45.5%
CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) 6.75DP CNV PFD B 63,000$3.5MNo change
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 2,500,000$3.3MReduce -37.5%
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 3,250,000$3.3MNew
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 3,425,000$3.3MNo change
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 38,000$3.2MNew
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 3,000,000$3.1MNew
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 3,000,000$3.0MReduce -33.3%
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 2,500,000$3.0MNo change
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 2,000,000$2.9MNo change
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 2,750,000$2.8MNo change
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 3,000,000$2.8MNo change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 3,000,000$2.8MReduce -33.4%
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 2,500,000$2.8MNo change
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 2,700,000$2.8MReduce -63.5%
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 3,000,000$2.6MNo change
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal 2,005,000$2.6MNo change
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) NOTE 1.750% 5/0 · principal 4,000,000$2.5MReduce -0.1%
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) NOTE 3.875% 3/1 · principal 2,300,000$2.5MNo change
MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal 2,000,000$2.4MNo change
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal 1,000,000$2.3MNo change
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal 1,750,000$2.3MNo change
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal 2,000,000$2.1MNo change
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 2,000,000$2.1MNo change
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 2,000,000$2.0MNo change
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 2,000,000$2.0MNo change
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 2,100,000$2.0MReduce -66.7%
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 2,000,000$1.9MNo change
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 1,500,000$1.6MNew
HUBSPOT INC (HUBS 0.375 06/01/25) NOTE 0.375% 6/0 · principal 750,000$1.5MReduce -40.0%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 1,500,000$1.5MNo change
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal 1,000,000$1.4MNo change
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 1,000,000$1.4MNo change
TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) NOTE 1.500% 3/1 · principal 1,250,000$1.2MNew
BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) UNIT 02/01/2027 18,000$1.2MNo change
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 1,000,000$1.1MNo change
SUNRUN INC (RUN 4 03/01/30) NOTE 4.000% 3/0 · principal 1,100,000$783KNew
JQCNR Nuveen Credit Strategies-RTS RIGHT 04/29/2025 1,412,229$42KNew

Total filed on the 13F, all lines: $527.9B.

Portfolio Sells Q4 2024 → Q1 2025
AVGO Broadcom Inc. Reduce -2.3% 1.13% −0.43
MRVL Marvell Technology Inc. Reduce -6.9% 0.18% −0.15
TTD Trade Desk Inc./the Class A Reduce -65.0% 0.03% −0.14
CRM Salesforce Inc. Reduce -3.0% 0.39% −0.10
RPV Invesco S&P 500 Pure Value E Reduce -97.3% 0.00% −0.09
NOW ServiceNow Inc. Reduce -3.6% 0.25% −0.09
VRT Vertiv Holdings Co. Class A Reduce -31.0% 0.07% −0.08
ALAB Astera Labs Inc. Reduce -53.7% 0.02% −0.08
DDOG Datadog Inc. Class A Reduce -45.7% 0.05% −0.07
ANET Arista Networks Inc. Reduce -3.9% 0.16% −0.07
ADBE Adobe Inc. Reduce -8.8% 0.28% −0.07
COHR Coherent Corp. Reduce -14.2% 0.10% −0.07
MANH Manhattan Associates Inc. Reduce -45.6% 0.03% −0.06
DECK Deckers Outdoor Corp. Reduce -19.5% 0.05% −0.06
LITE Lumentum Holdings Inc. Reduce -42.5% 0.05% −0.06
WSM Williams-Sonoma Inc. Reduce -53.4% 0.04% −0.06
ADI Analog Devices Inc. Reduce -13.4% 0.31% −0.06
JEF Jefferies Financial Group Inc. Reduce -60.6% 0.02% −0.06
ENLC Enlink Midstream LLC Sold out 0.00% −0.05
BX Blackstone Inc. Reduce -11.8% 0.14% −0.05
TSM Taiwan Semiconductor-SP ADR Reduce -22.7% 0.10% −0.05
URI United Rentals Inc. Reduce -36.1% 0.07% −0.05
HUBS HubSpot Inc. Reduce -19.1% 0.11% −0.05
FIX Comfort Systems USA Inc. Reduce -28.4% 0.06% −0.05
CE Celanese Corp. Reduce -88.3% 0.01% −0.05
ITCI Intra-Cellular Therapies Inc. Reduce -97.2% 0.00% −0.05
EMR Emerson Electric Co. Reduce -8.6% 0.22% −0.05
DIS The Walt Disney Co. Reduce -9.1% 0.21% −0.04
CLH Clean Harbors Inc. Reduce -55.1% 0.03% −0.04
EVR Evercore Inc. Class A Reduce -39.1% 0.03% −0.04
FLUT Flutter Entertainment PLC-Di Reduce -21.4% 0.08% −0.04
CSX CSX Corp. Reduce -18.2% 0.11% −0.04
AXP American Express Co. Reduce -6.5% 0.22% −0.03
BWA Borgwarner Inc. Reduce -79.8% 0.01% −0.03
FRPT Freshpet Inc. Reduce -50.8% 0.01% −0.03
AMX America Movil Sab DE CV Reduce -83.4% 0.01% −0.03
MOD Modine Manufacturing Co. Reduce -61.4% 0.01% −0.03
TFX Teleflex Inc. Reduce -87.5% 0.00% −0.03
CMCSA Comcast Corp. Class A Reduce -10.4% 0.28% −0.03
PPG PPG Industries Inc. Reduce -24.4% 0.07% −0.03
CME Cme Group Inc. Reduce -29.4% 0.14% −0.03
ZBRA Zebra Technologies Corp. Class A Reduce -6.1% 0.07% −0.03
ORCL Oracle Corp. Reduce -1.3% 0.17% −0.03
QQQM Invesco Nasdaq 100 ETF Reduce -2.2% 0.33% −0.03
PH Parker Hannifin Corp. Reduce -7.9% 0.27% −0.03
AAON Aaon Inc. Reduce -49.0% 0.02% −0.03
FMC FMC Corp. Reduce -88.4% 0.00% −0.03
ANF Abercrombie & Fitch Co. Class A Reduce -42.4% 0.01% −0.03
PSN Parsons Corp. Reduce -70.6% 0.01% −0.03
ADSK Autodesk Inc. Reduce -13.1% 0.10% −0.03

Portfolio Buys Q4 2024 → Q1 2025
RWL Invesco S&P 500 Revenue ETF Add +540.3% 0.15% +0.13
V Visa Inc. Class A Add +5.2% 0.71% +0.12
NFLX Netflix Inc. Add +8.3% 0.83% +0.11
CVS CVS Health Corp. Add +13.2% 0.26% +0.11
COR Cencora Inc. Add +42.1% 0.24% +0.11
CVX Chevron Corp. Add +5.5% 0.50% +0.10
ABBV Abbvie Inc. Add +17.5% 0.33% +0.10
PG The Procter & Gamble Co. Add +19.8% 0.44% +0.09
CSCO Cisco Systems Inc. Add +10.4% 0.55% +0.08
CP Canadian Pacific Kansas City Add +59.5% 0.23% +0.08
BAC Bank of America Corp. Add +23.5% 0.48% +0.08
EWBC East West Bancorp Inc. Add +155.6% 0.13% +0.08
PLTR Palantir Technologies Inc. Class A Add +20.3% 0.28% +0.08
MA Mastercard Inc. Class A Add +8.1% 0.54% +0.07
COST Costco Wholesale Corp. Add +5.2% 0.70% +0.07
GE General Electric Add +0.6% 0.36% +0.07
WFC Wells Fargo & Co. Add +10.2% 0.50% +0.07
MELI MercadoLibre Inc. Add +22.4% 0.21% +0.06
AME Ametek Inc. Add +127.2% 0.11% +0.06
DASH DoorDash Inc. Class A Add +41.9% 0.17% +0.06
MDT Medtronic PLC Add +9.9% 0.29% +0.06
T AT&T Inc. Add +2.3% 0.26% +0.06
META Meta Platforms Inc. Class A Add +2.3% 1.93% +0.06
BSX Boston Scientific Corp. Add +5.3% 0.32% +0.06
JPM JPMorgan Chase & Co. Add +4.1% 0.64% +0.05
PDD PDD Holdings Inc. Add +44.7% 0.12% +0.05
BABA Alibaba Group Holding-SP ADR Add +55.9% 0.09% +0.05
TXN Texas Instruments Inc. Add +14.6% 0.46% +0.05
MCD McDonald's Corp. Add +9.0% 0.28% +0.05
ASML ASML Holding NV-NY Reg SHS Add +101.0% 0.09% +0.05
LIN Linde PLC Add +1.1% 0.34% +0.04
AMT American Tower Corp. Add +0.5% 0.25% +0.04
DHR Danaher Corp. Add +44.5% 0.18% +0.04
MCHP Microchip Technology Inc. Add +63.0% 0.15% +0.04
RSP Invesco S&P 500 Equal Weight Add +12.0% 0.37% +0.04
HWM Howmet Aerospace Inc. Add +8.3% 0.18% +0.04
SHOP Shopify Inc. Class A Add +164.8% 0.07% +0.04
VRSK Verisk Analytics Inc. Add +36.0% 0.13% +0.04
RTX RTX Corp. Add +1.5% 0.26% +0.04
VLO Valero Energy Corp. Add +34.1% 0.12% +0.04
IMF Invesco Managed FS ETF New 0.04% +0.04
CHKP Check Point Software Tech Add +737.5% 0.04% +0.04
FTV Fortive Corp. Add +96.6% 0.08% +0.04
NOC Northrop Grumman Corp. Add +12.1% 0.19% +0.04
CMS CMS Energy Corp. Add +38.8% 0.10% +0.04
EXE Expand Energy Corp. Add +57.5% 0.08% +0.04
TKO Tko Group Holdings Inc. Add +569.7% 0.04% +0.04
VZ Verizon Communications Inc. Add +5.3% 0.19% +0.03
DE Deere & Co. Add +23.4% 0.12% +0.03
OKE Oneok Inc. Add +25.1% 0.16% +0.03

Options Activity Q4 2024 → Q1 2025
FXI iShares China Large-Cap ETF call Sold out 744,400 $22.7Mbefore exit
QQQ Invesco QQQ Trust Series 1 call Reduce -23.4% 29,800 $14.0M
QQQ Invesco QQQ Trust Series 1 put Reduce -23.4% 29,800 $14.0M
CCL Carnival Corp. call Sold out 385,500 $9.6Mbefore exit
XLE SS Energy Select Sector call New 80,000 $7.5M
AXON Axon Enterprise Inc. call New 14,000 $7.4M
BKNG Booking Holdings Inc. call Reduce -57.1% 1,500 $6.9M
PANW Palo Alto Networks Inc. call Reduce -34.2% 37,500 $6.4M
RCL Royal Caribbean Cruises Ltd. call Reduce -57.8% 25,000 $5.1M
SMH Vaneck Semiconductor ETF call New 19,500 $4.1M
FTAI Ftai Aviation Ltd. call Sold out 5,400 $778Kbefore exit
NCLH Norwegian Cruise Line Holdin call Sold out 30,000 $772Kbefore exit
CHWY Chewy Inc. Class A call New 22,500 $731K
XYZ Block Inc. call Sold out 8,300 $705Kbefore exit
UNIT Uniti Group LLC Com SHS call Sold out 126,600 $696Kbefore exit
VRT Vertiv Holdings Co. Class A call Sold out 5,100 $579Kbefore exit
VST Vistra Corp. call Reduce -61.4% 3,900 $458K
LUMN Lumen Technologies Inc. call Sold out 81,600 $433Kbefore exit
COIN Coinbase Global Inc. Class A call New 2,100 $362K

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

Notes & Other Activity Q4 2024 → Q1 2025
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal New 87,561,000 $82.5M
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Reduce -2.7% 66,880,000 $74.8M
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Reduce -0.0% 76,959,000 $73.5M
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal Reduce -11.7% 63,844,000 $64.7M
BLOCK INC (XYZ 0.125 03/01/25) NOTE 0.125% 3/0 · principal Sold out 53,256,000 $52.8Mbefore exit
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal Reduce -0.1% 36,859,000 $37.0M
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +33.8% 549,350 $32.9M
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal Add +7.5% 28,670,000 $30.2M
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal Sold out 29,269,000 $27.9Mbefore exit
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal New 15,550,000 $14.4M
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Add +13.1% 11,225,000 $13.7M
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Add +11.6% 12,500,000 $12.2M
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal New 8,700,000 $10.0M
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal Sold out 11,000,000 $9.5Mbefore exit
MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal Sold out 4,403,000 $9.1Mbefore exit
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Add +18.5% 6,400,000 $7.5M
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal Add +83.3% 5,500,000 $7.0M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Reduce -29.7% 7,100,000 $6.9M
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal Sold out 6,256,000 $6.7Mbefore exit
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Sold out 6,500,000 $6.3Mbefore exit
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal Add +47.6% 6,200,000 $6.3M
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal New 5,700,000 $6.1M
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal Sold out 5,000,000 $5.8Mbefore exit
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A Add +55.8% 129,300 $5.8M
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal Sold out 2,000,000 $5.2Mbefore exit
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG New 100,000 $5.0M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D New 100,000 $4.9M
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal Sold out 5,000,000 $4.7Mbefore exit
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal Add +80.0% 4,050,000 $4.3M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal Sold out 4,506,000 $4.2Mbefore exit
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Reduce -50.0% 4,000,000 $4.2M
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal Sold out 4,500,000 $4.2Mbefore exit
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal New 4,000,000 $4.0M
INSMED INC (INSM 0.75 06/01/28) NOTE 0.750% 6/0 · principal Reduce -0.3% 1,650,000 $3.9M
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal Sold out 4,200,000 $3.8Mbefore exit
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal Sold out 3,975,000 $3.6Mbefore exit
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal Reduce -45.5% 3,600,000 $3.5M
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal Reduce -37.5% 2,500,000 $3.3M
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal New 3,250,000 $3.3M
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF New 38,000 $3.2M
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal New 3,000,000 $3.1M
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal Sold out 3,500,000 $3.1Mbefore exit
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal Sold out 2,500,000 $3.0Mbefore exit
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal Reduce -33.3% 3,000,000 $3.0M
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal Reduce -33.4% 3,000,000 $2.8M
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Reduce -63.5% 2,700,000 $2.8M
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) NOTE 1.750% 5/0 · principal Reduce -0.1% 4,000,000 $2.5M
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal Sold out 2,500,000 $2.3Mbefore exit
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal Sold out 2,250,000 $2.2Mbefore exit
CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) NOTE 4.500% 8/1 · principal Sold out 1,000,000 $2.2Mbefore exit

Showing the first 50 of 65.

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