Jane Street Group, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Jane Street Group, LLC reported 5,125 stock positions worth $61.0 billion. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 2.4% of the portfolio, followed by Tesla (TSLA, 2.3%) and Taiwan Semiconductor-SP ADR (TSM, 1.9%). Compared with Q1 2025, it opened 1,339 new positions, sold out of 1,516, added to 1,871 and reduced 1,911. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +268%) and the biggest sale Broadcom (AVGO, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001595888
- Portfolio Value
- $61.0B (Q2 2025)
- SEC Filing
- 0001595888-25-000117 ↗ filed Aug 14, 2025
Holdings Value
Holdings 5,125 stocks · $61.0B
| IBIT iShares Bitcoin Trust ETF | 2.40% | 23,967,599 | $1.5B | Add +267.7% |
| TSLA Tesla Inc. | 2.32% | 4,453,775 | $1.4B | Add +32.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.89% | 5,090,471 | $1.2B | Add +4.7% |
| NVDA Nvidia Corp. | 1.84% | 7,104,604 | $1.1B | Reduce -52.9% |
| TMUS T-Mobile US Inc. | 1.77% | 4,540,009 | $1.1B | Add +1360.5% |
| DELL Dell Technologies -C | 1.50% | 7,452,233 | $913.6M | Add +136.5% |
| CRWV Coreweave Inc. Class A | 1.35% | 5,043,797 | $822.4M | Reduce -46.4% |
| AMD Advanced Micro Devices | 1.16% | 4,974,886 | $705.9M | Reduce -35.6% |
| TLT iShares 20+ Year Treasury BD | 1.12% | 7,765,673 | $685.3M | Add +50.4% |
| NDAQ Nasdaq Inc. | 1.06% | 7,205,132 | $644.3M | New |
| RECS Columbia Resear Enh Cor ETF | 1.00% | 16,658,312 | $612.9M | Add +49303.3% |
| GOOG Alphabet Inc. Class C | 0.98% | 3,380,414 | $599.7M | Add +156.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.97% | 962,990 | $595.0M | Reduce -45.0% |
| INTC Intel Corp. | 0.94% | 25,699,058 | $575.7M | Reduce -22.5% |
| EEM iShares MSCI Emerging Market | 0.88% | 11,168,241 | $538.8M | Add +62.7% |
| UNH Unitedhealth Group Inc. | 0.88% | 1,712,316 | $534.2M | Add +3399.7% |
| META Meta Platforms Inc. Class A | 0.82% | 674,381 | $497.8M | Add +406.7% |
| MU Micron Technology Inc. | 0.79% | 3,937,134 | $485.3M | Add +27.5% |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 0.79% | 19,254,061 | $483.5M | Add +15753.5% |
| WFC Wells Fargo & Co. | 0.73% | 5,566,143 | $446.0M | Reduce -12.1% |
| GEV GE Vernova Inc. | 0.73% | 837,268 | $443.0M | Add +50.1% |
| AGG iShares Core U.S. Aggregate | 0.72% | 4,445,428 | $441.0M | Add +142.7% |
| GLD SPDR Gold Shares | 0.72% | 1,438,999 | $438.7M | Add +1.9% |
| EFA iShares MSCI Eafe ETF | 0.67% | 4,600,692 | $411.3M | Add +234.7% |
| ARKB ARK 21SHARES Bitcoin ETF | 0.67% | 11,436,418 | $409.3M | Reduce -23.9% |
| FBTC Fidelity Wise Origin Bitcoin | 0.66% | 4,301,855 | $404.3M | Reduce -36.4% |
| AMZN Amazon.com Inc. | 0.64% | 1,786,573 | $392.0M | Add +6608.1% |
| SMH Vaneck Semiconductor ETF | 0.63% | 1,373,335 | $383.0M | Add +19.6% |
| NRG NRG Energy Inc. | 0.62% | 2,349,489 | $377.3M | Add +302.9% |
| WMT Walmart Inc. | 0.62% | 3,857,959 | $377.2M | Add +399.7% |
| EWG iShares MSCI Germany ETF | 0.54% | 7,763,193 | $328.5M | Add +126.4% |
| COIN Coinbase Global Inc. Class A | 0.51% | 888,453 | $311.4M | Reduce -41.8% |
| IEMG iShares Core MSCI Emerging | 0.51% | 5,157,810 | $309.6M | New |
| CRH CRH PLC | 0.50% | 3,313,417 | $304.2M | Add +19.7% |
| VST Vistra Corp. | 0.47% | 1,491,033 | $289.0M | Reduce -14.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.47% | 517,329 | $285.4M | Reduce -70.7% |
| ORCL Oracle Corp. | 0.46% | 1,285,496 | $281.0M | Add +34.5% |
| MELI MercadoLibre Inc. | 0.46% | 106,929 | $279.5M | Add +272.5% |
| ADBE Adobe Inc. | 0.43% | 685,325 | $265.1M | Add +13.9% |
| GEHC GE Healthcare Technology | 0.41% | 3,379,116 | $250.3M | Add +1584.1% |
| DJT Trump Media & Technology Gro | 0.41% | 13,822,035 | $249.3M | New |
| FISV Fiserv Inc. | 0.40% | 1,422,119 | $245.2M | Add +19282.8% |
| MRVL Marvell Technology Inc. | 0.38% | 2,986,919 | $231.2M | Reduce -57.5% |
| PLTR Palantir Technologies Inc. Class A | 0.37% | 1,678,478 | $228.8M | Add +1085.5% |
| XLE SS Energy Select Sector | 0.36% | 2,575,056 | $218.4M | Add +512.8% |
| PGR Progressive Corp. | 0.34% | 775,398 | $206.9M | Add +9742.6% |
| SOFI Sofi Technologies Inc. | 0.34% | 11,351,683 | $206.7M | Add +133.6% |
| VRT Vertiv Holdings Co. Class A | 0.33% | 1,583,334 | $203.3M | Add +99.0% |
| MA Mastercard Inc. Class A | 0.32% | 347,711 | $195.4M | Add +448.4% |
| KRE SS SPDR S&P Regional Bank | 0.32% | 3,267,193 | $194.0M | Add +166.2% |
| CI The Cigna Group | 0.32% | 586,449 | $193.9M | Add +300.1% |
| VT Vanguard Tot World STK ETF | 0.32% | 1,504,752 | $193.4M | Reduce -33.3% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 3,384,016 | $192.9M | Reduce -49.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.31% | 13,685,836 | $187.8M | Add +2286.2% |
| CARR Carrier Global Corp. | 0.30% | 2,522,804 | $184.6M | Add +4385.5% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.30% | 2,279,435 | $183.8M | Reduce -64.5% |
| PDD PDD Holdings Inc. | 0.30% | 1,740,806 | $182.2M | Add +365.8% |
| MCD McDonald's Corp. | 0.29% | 608,985 | $177.9M | Add +179.6% |
| APH Amphenol Corp. Class A | 0.29% | 1,796,259 | $177.4M | Add +363.8% |
| IWM iShares Russell 2000 ETF | 0.28% | 801,695 | $173.0M | Reduce -0.2% |
| CEG Constellation Energy | 0.28% | 535,968 | $173.0M | Reduce -31.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.27% | 2,325,570 | $167.4M | Add +10.0% |
| CAT Caterpillar Inc. | 0.27% | 422,948 | $164.2M | Reduce -11.2% |
| SMCI Super Micro Computer Inc. | 0.26% | 3,253,870 | $159.5M | Add +816.8% |
| JCI Johnson Controls Internation | 0.26% | 1,508,488 | $159.3M | Add +602.9% |
| COST Costco Wholesale Corp. | 0.26% | 159,606 | $158.0M | Reduce -13.8% |
| IDEV iShares Core MSCI Dev MKTS | 0.24% | 1,948,751 | $148.2M | Add +200.0% |
| FSLR First Solar Inc. | 0.24% | 884,802 | $146.5M | Add +142.2% |
| JPM JPMorgan Chase & Co. | 0.23% | 490,538 | $142.2M | Reduce -13.8% |
| TMO Thermo Fisher Scientific Inc. | 0.23% | 342,475 | $138.9M | Add +460.6% |
| PFE Pfizer Inc. | 0.23% | 5,723,319 | $138.7M | Add +74.5% |
| INSM Insmed Inc. | 0.22% | 1,352,922 | $136.2M | Add +985.9% |
| GOOGL Alphabet Inc. Class A | 0.22% | 748,871 | $132.0M | Reduce -41.5% |
| ETHA iShares Ethereum Trust ETF | 0.21% | 6,837,299 | $130.4M | Add +124.0% |
| ABNB Airbnb Inc. Class A | 0.21% | 977,432 | $129.4M | Add +98.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.21% | 2,731,932 | $129.3M | Add +5077.6% |
| FCX Freeport-McMoran Inc. | 0.21% | 2,959,401 | $128.3M | Reduce -23.9% |
| APP AppLovin Corp. Class A | 0.20% | 352,647 | $123.5M | Add +43.3% |
| KWEB Kranesh Csi China Internet | 0.20% | 3,571,846 | $122.6M | Reduce -22.6% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.20% | 8,351,323 | $121.7M | Add +152.3% |
| CRM Salesforce Inc. | 0.20% | 443,937 | $121.1M | Reduce -15.8% |
| AIG American International Group | 0.20% | 1,406,258 | $120.4M | Add +34.0% |
| MLI Mueller Industries Inc. | 0.20% | 1,507,893 | $119.8M | Add +336.0% |
| AMAT Applied Materials Inc. | 0.20% | 653,681 | $119.7M | Reduce -41.6% |
| ANET Arista Networks Inc. | 0.19% | 1,158,633 | $118.5M | Reduce -0.2% |
| NOW ServiceNow Inc. | 0.19% | 112,675 | $115.8M | Add +317.2% |
| CRS Carpenter Technology | 0.19% | 413,840 | $114.4M | Add +279.4% |
| LNG Cheniere Energy Inc. | 0.19% | 469,564 | $114.3M | Reduce -47.3% |
| EXE Expand Energy Corp. | 0.18% | 960,270 | $112.3M | Add +782.8% |
| TT Trane Technologies PLC | 0.18% | 253,080 | $110.7M | Add +56.9% |
| T AT&T Inc. | 0.18% | 3,765,624 | $109.0M | Add +0.5% |
| ABBV Abbvie Inc. | 0.18% | 576,204 | $107.0M | Add +4148.7% |
| XBI SS SPDR S&P Biotech ETF | 0.17% | 1,276,089 | $105.8M | Reduce -13.2% |
| YINN Direxion DLY Ftse CH BL3X-Ui | 0.17% | 2,576,601 | $105.6M | Add +10.0% |
| MRNA Moderna Inc. | 0.17% | 3,781,759 | $104.3M | Add +5.4% |
| KDP Keurig Dr Pepper Inc. | 0.17% | 3,146,172 | $104.0M | Add +113.6% |
| SFM Sprouts Farmers Market Inc. | 0.17% | 624,606 | $102.8M | Add +249.2% |
| B Barrick Mining Corp. | 0.17% | 4,839,557 | $100.8M | Add +15.3% |
| FTAI Ftai Aviation Ltd. | 0.16% | 872,956 | $100.4M | Add +1110.0% |
| QCOM Qualcomm Inc. | 0.16% | 630,384 | $100.4M | Reduce -57.9% |
Options reported separately and not counted above: SPY puts ($43.6B), SPY calls ($38.8B), NVDA puts ($21.6B), TSLA puts ($16.2B), QQQ puts ($15.4B), QQQ calls ($15.1B), NVDA calls ($13.2B), META calls ($10.5B), TSLA calls ($10.3B), IWM puts ($10.3B), IWM calls ($7.6B), META puts ($6.0B), and 4151 more.
Other holdings (201): bonds, preferreds, convertibles and warrants · $906.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 407,588,000 | $519.5M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 116,700,000 | $122.0M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 372,985 | $43.0M | New |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 600,000 | $37.2M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 414,977 | $22.2M | Reduce -84.0% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 14,430,000 | $18.3M | Reduce -33.3% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 16,312,000 | $15.9M | Add +219.8% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 182,518 | $12.4M | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 6,675,000 | $6.7M | Add +1104.9% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 5,595,000 | $6.2M | Reduce -58.7% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 3,277,000 | $5.8M | Reduce -45.9% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 85,000 | $5.7M | Reduce -78.6% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 9,100,000 | $5.2M | Reduce -27.8% |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 17,675,000 | $4.5M | Reduce -0.4% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 3,184,000 | $3.6M | New |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 2,750,000 | $2.8M | Add +175.0% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 2,325,000 | $2.7M | Reduce -72.3% |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 2,000,000 | $2.6M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 2,325,000 | $2.5M | Add +16.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 2,050,000 | $2.4M | Add +105.0% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,675,000 | $2.2M | Add +249.0% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 1,904,000 | $1.9M | Add +26.6% |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | 1,875,000 | $1.9M | Reduce -27.9% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 1,850,000 | $1.7M | Reduce -66.7% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 2,650,000 | $1.7M | Reduce -55.8% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 562,000 | $1.7M | Add +1656.3% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 1,397,000 | $1.6M | Add +40.1% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 388,000 | $1.4M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 1,350,000 | $1.4M | Add +170.0% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 1,125,000 | $1.3M | Reduce -84.4% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 1,200,000 | $1.3M | Reduce -78.0% |
| SEMTECH CORP (SMTC 4 11/01/28) | NOTE 4.000%11/0 · principal | 550,000 | $1.3M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 19,819 | $1.2M | Add +13.7% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 295,000 | $1.2M | No change |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 182,000 | $1.1M | No change |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 942,000 | $1.1M | Reduce -94.4% |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 750,000 | $1.1M | No change |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 730,000 | $1.0M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 1,000,000 | $994K | Reduce -42.2% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 645,000 | $960K | Add +163.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 776 | $941K | New |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 845,000 | $936K | New |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 510,000 | $920K | New |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 89,691 | $880K | Reduce -10.3% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 10,541 | $870K | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 767,000 | $864K | Add +359.3% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 107,707 | $864K | New |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 416,000 | $859K | Add +112.2% |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 210,000 | $857K | New |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 850,000 | $839K | Reduce -15.0% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 24,638 | $791K | Add +26.8% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 685,000 | $791K | New |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 355,000 | $751K | New |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 335,000 | $719K | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 17,952 | $713K | Reduce -95.4% |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 700,000 | $694K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 725,000 | $692K | Add +314.3% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 575,000 | $681K | Reduce -43.4% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 14,212 | $669K | Reduce -78.8% |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 669,000 | $664K | No change |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 556,000 | $647K | Add +24.7% |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 367,000 | $608K | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 516 | $606K | Reduce -65.3% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 8,021 | $600K | Add +66.0% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 561,000 | $594K | New |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 600,000 | $572K | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 500,000 | $571K | New |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 129,164 | $522K | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 500,000 | $490K | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 12,951 | $487K | New |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 1,850,000 | $465K | Add +5.7% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 415,000 | $449K | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 221,572 | $441K | Reduce 0.0% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 210,000 | $440K | Reduce -90.9% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 385,000 | $437K | New |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 450,000 | $434K | New |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 425,000 | $429K | New |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 450,000 | $427K | Add +1700.0% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 397,000 | $421K | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 150,000 | $417K | Reduce -61.9% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 16,987 | $402K | Add +86.1% |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 400,000 | $387K | No change |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 45,701 | $384K | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 350,000 | $373K | No change |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 400,000 | $365K | No change |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 260,000 | $354K | New |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 350,000 | $342K | Add +250.0% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 225,000 | $341K | New |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 341,000 | $330K | New |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 325,000 | $327K | Add +44.4% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 325,000 | $326K | New |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 185,000 | $325K | No change |
| SOUNW Soundhound AI Inc. | *W EXP 04/26/202 | 70,915 | $319K | Add +1.3% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 5,938 | $315K | Reduce -97.2% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 6,544 | $290K | Reduce -90.7% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 400,000 | $286K | Add +100.0% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 225,000 | $277K | New |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 2,281 | $260K | Reduce -0.2% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 22,809 | $247K | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 190,000 | $247K | Reduce -51.3% |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 250,000 | $245K | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 250,000 | $241K | Reduce -97.4% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 250,000 | $238K | No change |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 250,000 | $237K | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 225,000 | $219K | New |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 225,000 | $217K | New |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 325,000 | $217K | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 200,000 | $174K | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 150,000 | $156K | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 125,000 | $142K | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 150,000 | $140K | Reduce -25.0% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 50,000 | $138K | Reduce -74.1% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 125,000 | $124K | New |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 28,906 | $121K | Reduce -43.4% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 100,000 | $118K | Reduce -91.6% |
| MITEK SYSTEMS INC (MITK 0.75 02/01/26) | NOTE 0.750% 2/0 · principal | 118,000 | $113K | No change |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | 21,000,000 | $103K | Add +4.0% |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 201,049 | $102K | No change |
| DAVEW Dave Inc. -CW27 | *W EXP 01/05/202 | 55,598 | $101K | Reduce -0.0% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 1,000,000 | $98K | No change |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 75,000 | $96K | Reduce -96.0% |
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | 56,260 | $96K | Reduce 0.0% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 50,000 | $94K | Reduce -95.2% |
| SLDPW Decarbonization Plus -CW23 | *W EXP 12/08/202 | 263,865 | $87K | Add +0.7% |
| PDYNW Sarcos Technology -CW27 | *W EXP 09/24/202 | 197,345 | $75K | No change |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 300,000 | $73K | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 74,000 | $71K | Reduce -57.5% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 50,000 | $63K | New |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 10,425,000 | $60K | Add +7.2% |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 100,943 | $51K | Add +0.3% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 50,000 | $51K | New |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 50,000 | $50K | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 50,000 | $50K | New |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 52,000 | $50K | No change |
| SATLW Satellogic Inc.-A -23 | *W EXP 01/25/202 | 104,397 | $45K | No change |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 44,935 | $39K | Reduce -0.0% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 10,247 | $37K | Reduce -42.3% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 25,000 | $30K | New |
| CLSKW Cleanspark Inc.-29 | *W EXP 12/29/202 | 68,160 | $29K | No change |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 34,294 | $28K | Add +1.3% |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 10,976 | $26K | New |
| CDROW Codere Online Luxembou -CW | *W EXP 11/23/202 | 25,102 | $26K | No change |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 105,565 | $25K | Reduce -0.3% |
| EVGO INC | *W EXP 07/01/202 | 100,386 | $22K | Reduce -0.0% |
| ARQQW Arqit Quantum Inc. -CW26 | *W EXP 09/03/202 | 23,962 | $22K | Reduce -46.0% |
| HUMAW Humacyte Inc.-CW27 | *W EXP 08/27/202 | 50,270 | $20K | Add +0.5% |
| LAKESHORE BIOPHARMA CO LTD | *W EXP 03/15/202 | 498,301 | $20K | No change |
| TMCWW TMC the Metals Co. Inc. -CW25I | *W EXP 09/09/202 | 12,463 | $18K | New |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 31,201 | $14K | Reduce -7.7% |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 41,180 | $13K | No change |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 158,252 | $12K | No change |
| QSIAW Quantum-Si Inc. -CW27 | *W EXP 06/10/202 | 16,519 | $11K | Reduce -0.9% |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 73,571 | $10K | Reduce -2.3% |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 55,553 | $9K | Reduce -5.6% |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 66,411 | $9K | No change |
| BETRW Better Home & Finance-CW26 | *W EXP 08/22/202 | 59,016 | $9K | No change |
| COCHW Envoy Medical Inc.-CW27 | *W EXP 09/29/202 | 208,166 | $7K | No change |
| LVWR.WS Livewire Group Inc.-27 | *W EXP 09/26/202 | 141,201 | $7K | Reduce -46.4% |
| MLKWF Waldencast Acq Class A -CW27 | *W EXP 07/27/202 | 71,066 | $7K | No change |
| PSEWF Paysafe Ltd. -CW26 | *W EXP 03/30/202 | 400,872 | $7K | Add +0.2% |
| LIMNW Liminatus Pharma Inc. Class A-28 | *W EXP 04/30/203 | 26,943 | $6K | New |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 62,572 | $6K | Add +0.1% |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 14,525 | $6K | New |
| ECXWW Ecarx Holdings Inc. Class A-27 | *W EXP 99/99/999 | 94,326 | $6K | No change |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 50,000 | $5K | No change |
| ABVWF Above Food Ingredients- 29 | *W EXP 06/28/202 | 96,965 | $5K | No change |
| FFAIW Faraday Future -CW27 | *W EXP 07/21/202 | 87,015 | $4K | No change |
| HOLLEY INC | *W EXP 11/30/202 | 66,499 | $3K | Add +0.8% |
| PRENW Prenetics Global Ltd. -CW26 | *W EXP 05/18/202 | 82,647 | $3K | No change |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 74,910 | $3K | Reduce -0.5% |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 63,302 | $3K | Add +1.3% |
| MSPRZ MSP Recovery -CW26 | *W EXP 05/23/202 | 83,103 | $3K | Reduce -7.7% |
| LMND.WS Lemonade Inc.-28 | *W EXP 02/09/202 | 33,333 | $3K | No change |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 50,976 | $3K | No change |
| HOLOW Golden Path Acq -CW28 | *W EXP 01/31/202 | 20,548 | $3K | Reduce -7.2% |
| CCGWW Cheche Group Inc. - 28 | *W EXP 10/01/203 | 100,000 | $3K | No change |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 | 50,000 | $2K | No change |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 80,000 | $2K | No change |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | 58,356 | $2K | Reduce -0.6% |
| CGBWF Crown LNG Holdings Ltd.-28 | *W EXP 07/09/202 | 71,330 | $2K | No change |
| BNAIW Brand Engagement Netwo -CW27 | *W EXP 03/14/202 | 68,951 | $2K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 25,000 | $2K | No change |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 57,708 | $2K | No change |
| WBXWF Wallbox BV Class A -CW26 | *W EXP 10/01/202 | 54,425 | $2K | Reduce -0.1% |
| GDEV INC | *W EXP 99/99/999 | 125,012 | $2K | Reduce 0.0% |
| LANWF Lanvin Group Holdings Ltd.-27 | *W EXP 01/14/202 | 83,455 | $2K | No change |
| LIDRW Aeye Inc. -CW27 | *W EXP 09/30/202 | 16,000 | $1K | No change |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | 116,000 | $1K | No change |
| BARK.WS Original Bark Co./the -CW25 | *W EXP 05/01/202 | 83,333 | $1K | No change |
| CRPWF Carbon Revolution PLC | *W EXP 99/99/999 | 54,223 | $954 | No change |
| SWVLW Pivotal Holdings Corp. -CW27 | *W EXP 99/99/999 | 44,825 | $753 | No change |
| OUSTW Ouster Inc.-28 | *W EXP 09/29/202 | 19,494 | $739 | No change |
| SDSTW Global Partner Acq A -CW27 | *W EXP 06/21/202 | 26,531 | $711 | No change |
| MLECW Moolec Science SA | *W EXP 12/30/202 | 38,374 | $625 | No change |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 25,000 | $622 | No change |
| REVBW Revelation Biosc -CW27 | *W EXP 01/10/202 | 50,000 | $600 | No change |
| GGROW Gogoro Inc. -CW27 | *W EXP 04/04/202 | 42,179 | $548 | Reduce -2.6% |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 20,000 | $384 | Reduce -7.0% |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 21,593 | $203 | No change |
| LDTDF Prospector Leddartech Alm-28 | *W EXP 12/21/202 | 34,166 | $195 | No change |
Largest 200 of 201 shown.
Total filed on the 13F, all lines: $62.0B.
Portfolio Sells Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Reduce -97.8% | 0.07% | −2.17 |
| SLV iShares Silver Trust | Reduce -91.8% | 0.12% | −1.39 |
| IXUS iShares Core Intl Stock ETF | Sold out | 0.00% | −1.20 |
| NVDA Nvidia Corp. | Reduce -52.9% | 1.84% | −1.12 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -70.7% | 0.47% | −1.03 |
| MSFT Microsoft Corp. | Reduce -99.6% | 0.00% | −0.99 |
| BKNG Booking Holdings Inc. | Reduce -87.2% | 0.14% | −0.84 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -45.0% | 0.97% | −0.80 |
| LVS Las Vegas Sands Corp. | Reduce -96.3% | 0.03% | −0.66 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.64 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -64.5% | 0.30% | −0.62 |
| AAPL Apple Inc. | Reduce -83.0% | 0.09% | −0.55 |
| EMB iShares JP Morgan Usd Emergi | Reduce -85.5% | 0.08% | −0.52 |
| XLK SS Technology Select Sector | Reduce -93.6% | 0.03% | −0.46 |
| SHOP Shopify Inc. Class A | Reduce -97.8% | 0.01% | −0.42 |
| INTC Intel Corp. | Reduce -22.5% | 0.94% | −0.42 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.42 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −0.41 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -96.2% | 0.01% | −0.41 |
| MRVL Marvell Technology Inc. | Reduce -57.5% | 0.38% | −0.41 |
| RSP Invesco S&P 500 Equal Weight | Reduce -93.5% | 0.02% | −0.37 |
| SQQQ Proshares TR | Reduce -69.8% | 0.05% | −0.33 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.32 |
| ETN Eaton Corp. PLC | Reduce -96.5% | 0.01% | −0.32 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.30 |
| VEA Vanguard Ftse Developed ETF | Reduce -49.3% | 0.32% | −0.30 |
| AMD Advanced Micro Devices | Reduce -35.6% | 1.16% | −0.28 |
| CHTR Charter Communications Inc. Class A | Reduce -99.3% | 0.00% | −0.27 |
| VXUS Vanguard Total Intl Stock | Reduce -87.1% | 0.04% | −0.25 |
| QCOM Qualcomm Inc. | Reduce -57.9% | 0.16% | −0.25 |
| XOM Exxon Mobil Corp. | Reduce -86.2% | 0.03% | −0.24 |
| LRCX Lam Research Corp. | Reduce -98.7% | 0.00% | −0.22 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -36.4% | 0.66% | −0.22 |
| XLF SS Financial Select Sector | Reduce -99.8% | 0.00% | −0.22 |
| OIH Vaneck Oil Services ETF | Reduce -86.5% | 0.03% | −0.21 |
| STLA Stellantis NV | Reduce -84.5% | 0.03% | −0.21 |
| EMR Emerson Electric Co. | Reduce -99.5% | 0.00% | −0.21 |
| CVX Chevron Corp. | Reduce -86.6% | 0.02% | −0.20 |
| FLUT Flutter Entertainment PLC-Di | Reduce -77.7% | 0.07% | −0.20 |
| LNG Cheniere Energy Inc. | Reduce -47.3% | 0.19% | −0.19 |
| CCEP Coca-Cola Europacific Partne | Reduce -80.3% | 0.04% | −0.19 |
| SNOW Snowflake Inc. | Reduce -87.7% | 0.04% | −0.18 |
| BBEU JPMorgan Betabuilders Europe | Reduce -97.9% | 0.00% | −0.18 |
| NVT Nvent Electric PLC | Reduce -95.8% | 0.01% | −0.18 |
| FEZ State Street SPDR Euro Stoxx | Reduce -68.9% | 0.08% | −0.18 |
| BABA Alibaba Group Holding-SP ADR | Reduce -99.7% | 0.00% | −0.17 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -93.7% | 0.01% | −0.16 |
| MBB iShares MBS ETF | Sold out | 0.00% | −0.16 |
| VT Vanguard Tot World STK ETF | Reduce -33.3% | 0.32% | −0.16 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.15 |
Portfolio Buys Q1 2025 → Q2 2025
| IBIT iShares Bitcoin Trust ETF | Add +267.7% | 2.40% | +1.85 |
| TMUS T-Mobile US Inc. | Add +1360.5% | 1.77% | +1.62 |
| NDAQ Nasdaq Inc. | New | 1.06% | +1.06 |
| RECS Columbia Resear Enh Cor ETF | Add +49303.3% | 1.00% | +1.00 |
| DELL Dell Technologies -C | Add +136.5% | 1.50% | +0.98 |
| UNH Unitedhealth Group Inc. | Add +3399.7% | 0.88% | +0.83 |
| SOXL Direx Dail Semi Bu 3X Et-Usd | Add +15753.5% | 0.79% | +0.79 |
| TSLA Tesla Inc. | Add +32.7% | 2.32% | +0.74 |
| META Meta Platforms Inc. Class A | Add +406.7% | 0.82% | +0.68 |
| AMZN Amazon.com Inc. | Add +6608.1% | 0.64% | +0.63 |
| GOOG Alphabet Inc. Class C | Add +156.8% | 0.98% | +0.61 |
| NRG NRG Energy Inc. | Add +302.9% | 0.62% | +0.52 |
| IEMG iShares Core MSCI Emerging | New | 0.51% | +0.51 |
| WMT Walmart Inc. | Add +399.7% | 0.62% | +0.49 |
| EFA iShares MSCI Eafe ETF | Add +234.7% | 0.67% | +0.47 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.7% | 1.89% | +0.42 |
| GEV GE Vernova Inc. | Add +50.1% | 0.73% | +0.42 |
| DJT Trump Media & Technology Gro | New | 0.41% | +0.41 |
| FISV Fiserv Inc. | Add +19282.8% | 0.40% | +0.40 |
| AGG iShares Core U.S. Aggregate | Add +142.7% | 0.72% | +0.39 |
| GEHC GE Healthcare Technology | Add +1584.1% | 0.41% | +0.38 |
| MELI MercadoLibre Inc. | Add +272.5% | 0.46% | +0.36 |
| PLTR Palantir Technologies Inc. Class A | Add +1085.5% | 0.37% | +0.35 |
| EEM iShares MSCI Emerging Market | Add +62.7% | 0.88% | +0.34 |
| PGR Progressive Corp. | Add +9742.6% | 0.34% | +0.33 |
| MU Micron Technology Inc. | Add +27.5% | 0.79% | +0.31 |
| EWG iShares MSCI Germany ETF | Add +126.4% | 0.54% | +0.31 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +2286.2% | 0.31% | +0.30 |
| CARR Carrier Global Corp. | Add +4385.5% | 0.30% | +0.30 |
| XLE SS Energy Select Sector | Add +512.8% | 0.36% | +0.29 |
| TLT iShares 20+ Year Treasury BD | Add +50.4% | 1.12% | +0.27 |
| MA Mastercard Inc. Class A | Add +448.4% | 0.32% | +0.26 |
| APH Amphenol Corp. Class A | Add +363.8% | 0.29% | +0.24 |
| SMCI Super Micro Computer Inc. | Add +816.8% | 0.26% | +0.24 |
| SOFI Sofi Technologies Inc. | Add +133.6% | 0.34% | +0.24 |
| CI The Cigna Group | Add +300.1% | 0.32% | +0.23 |
| JCI Johnson Controls Internation | Add +602.9% | 0.26% | +0.23 |
| VRT Vertiv Holdings Co. Class A | Add +99.0% | 0.33% | +0.23 |
| PDD PDD Holdings Inc. | Add +365.8% | 0.30% | +0.22 |
| ORCL Oracle Corp. | Add +34.5% | 0.46% | +0.22 |
| BAC Bank of America Corp. | Add +5077.6% | 0.21% | +0.21 |
| INSM Insmed Inc. | Add +985.9% | 0.22% | +0.21 |
| KRE SS SPDR S&P Regional Bank | Add +166.2% | 0.32% | +0.19 |
| SMH Vaneck Semiconductor ETF | Add +19.6% | 0.63% | +0.19 |
| TMO Thermo Fisher Scientific Inc. | Add +460.6% | 0.23% | +0.17 |
| ABBV Abbvie Inc. | Add +4148.7% | 0.18% | +0.17 |
| MCD McDonald's Corp. | Add +179.6% | 0.29% | +0.17 |
| IREN Iren Ltd. | Add +152.3% | 0.20% | +0.16 |
| EXE Expand Energy Corp. | Add +782.8% | 0.18% | +0.16 |
| IDEV iShares Core MSCI Dev MKTS | Add +200.0% | 0.24% | +0.16 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +11.0% | 70,646,700 | $43.6B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +12.1% | 62,762,400 | $38.8B |
| NVDA Nvidia Corp. | put | Reduce -0.9% | 136,928,600 | $21.6B |
| TSLA Tesla Inc. | put | Add +23.1% | 50,902,000 | $16.2B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +0.8% | 27,974,800 | $15.4B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +27.8% | 27,309,100 | $15.1B |
| NVDA Nvidia Corp. | call | Add +6.7% | 83,515,400 | $13.2B |
| META Meta Platforms Inc. Class A | call | Add +8.4% | 14,167,400 | $10.5B |
| TSLA Tesla Inc. | call | Add +18.3% | 32,314,400 | $10.3B |
| IWM iShares Russell 2000 ETF | put | Reduce -21.6% | 47,536,200 | $10.3B |
| IWM iShares Russell 2000 ETF | call | Reduce -14.0% | 35,276,800 | $7.6B |
| META Meta Platforms Inc. Class A | put | Reduce -9.6% | 8,153,900 | $6.0B |
| GLD SPDR Gold Shares | call | Reduce -5.3% | 17,630,900 | $5.4B |
| MSFT Microsoft Corp. | call | Add +91.0% | 10,515,200 | $5.2B |
| AMZN Amazon.com Inc. | put | Add +5.9% | 22,923,600 | $5.0B |
| AAPL Apple Inc. | call | Reduce -6.2% | 23,019,000 | $4.7B |
| MSTR Strategy Inc. | call | Add +3.4% | 11,408,400 | $4.6B |
| MSTR Strategy Inc. | put | Add +106.5% | 10,325,100 | $4.2B |
| AAPL Apple Inc. | put | Add +13.0% | 18,441,300 | $3.8B |
| TSM Taiwan Semiconductor-SP ADR | put | Add +29.2% | 15,802,100 | $3.6B |
| TLT iShares 20+ Year Treasury BD | call | Add +37.6% | 38,190,900 | $3.4B |
| MSFT Microsoft Corp. | put | Add +1.7% | 6,675,400 | $3.3B |
| GLD SPDR Gold Shares | put | Reduce -32.6% | 10,774,000 | $3.3B |
| AMZN Amazon.com Inc. | call | Add +10.9% | 13,889,700 | $3.0B |
| AVGO Broadcom Inc. | put | Reduce -16.2% | 9,915,100 | $2.7B |
| GOOGL Alphabet Inc. Class A | put | Add +7.3% | 15,013,900 | $2.6B |
| NFLX Netflix Inc. | call | Add +47.7% | 1,971,800 | $2.6B |
| AMD Advanced Micro Devices | put | Add +2.2% | 17,229,100 | $2.4B |
| TLT iShares 20+ Year Treasury BD | put | Add +31.9% | 24,249,200 | $2.1B |
| AVGO Broadcom Inc. | call | Reduce -10.2% | 7,713,200 | $2.1B |
| COIN Coinbase Global Inc. Class A | call | Add +43.5% | 6,039,100 | $2.1B |
| COIN Coinbase Global Inc. Class A | put | Add +41.9% | 5,669,200 | $2.0B |
| PLTR Palantir Technologies Inc. Class A | call | Add +15.3% | 14,175,600 | $1.9B |
| NFLX Netflix Inc. | put | Add +4.9% | 1,411,700 | $1.9B |
| KR Kroger Co. | call | Add +4.6% | 25,982,300 | $1.9B |
| AMD Advanced Micro Devices | call | Add +114.8% | 12,809,100 | $1.8B |
| PLTR Palantir Technologies Inc. Class A | put | Reduce -14.9% | 13,160,500 | $1.8B |
| PANW Palo Alto Networks Inc. | put | Reduce -1.5% | 8,619,600 | $1.8B |
| GOOGL Alphabet Inc. Class A | call | Add +58.6% | 9,994,400 | $1.8B |
| SMH Vaneck Semiconductor ETF | put | Add +24.7% | 5,998,400 | $1.7B |
| LLY Eli Lilly & Co. | call | Add +88.6% | 2,125,600 | $1.7B |
| TSM Taiwan Semiconductor-SP ADR | call | Add +44.9% | 6,928,400 | $1.6B |
| HOOD Robinhood Markets Inc. Class A | call | Add +74.6% | 14,826,900 | $1.4B |
| BABA Alibaba Group Holding-SP ADR | call | Reduce -46.2% | 11,937,100 | $1.4B |
| SLV iShares Silver Trust | call | Reduce -23.2% | 40,574,000 | $1.3B |
| GOOG Alphabet Inc. Class C | put | Add +37.6% | 7,139,900 | $1.3B |
| SPOT Spotify Technology SA | call | Add +3.2% | 1,603,200 | $1.2B |
| MU Micron Technology Inc. | put | Reduce -20.1% | 9,134,200 | $1.1B |
| XLE SS Energy Select Sector | put | Add +33.7% | 13,206,900 | $1.1B |
| EEM iShares MSCI Emerging Market | call | Add +81.6% | 22,646,600 | $1.1B |
Showing the first 50 of 4,529.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 407,588,000 | $519.5M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 116,700,000 | $122.0M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 372,985 | $43.0M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | New | 600,000 | $37.2M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -84.0% | 414,977 | $22.2M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -33.3% | 14,430,000 | $18.3M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +219.8% | 16,312,000 | $15.9M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Sold out | 13,025,000 | $13.7Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Sold out | 10,763,000 | $13.1Mbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 182,518 | $12.4M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Sold out | 13,000,000 | $12.1Mbefore exit |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Sold out | 10,544,000 | $10.6Mbefore exit |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Sold out | 12,150,000 | $10.6Mbefore exit |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 7,540,000 | $8.2Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Sold out | 5,460,000 | $7.6Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +1104.9% | 6,675,000 | $6.7M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 6,500,000 | $6.3Mbefore exit |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Reduce -58.7% | 5,595,000 | $6.2M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -45.9% | 3,277,000 | $5.8M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Reduce -78.6% | 85,000 | $5.7M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Sold out | 5,294,000 | $5.6Mbefore exit |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | Reduce -27.8% | 9,100,000 | $5.2M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Sold out | 5,000,000 | $5.1Mbefore exit |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Sold out | 4,650,000 | $4.9Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Reduce -0.4% | 17,675,000 | $4.5M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 4,343,000 | $3.7Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Sold out | 3,800,000 | $3.6Mbefore exit |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | New | 3,184,000 | $3.6M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 2,675,000 | $3.1Mbefore exit |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Sold out | 2,857,000 | $2.9Mbefore exit |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +175.0% | 2,750,000 | $2.8M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -72.3% | 2,325,000 | $2.7M |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | New | 2,000,000 | $2.6M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +16.3% | 2,325,000 | $2.5M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Sold out | 2,500,000 | $2.5Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Add +105.0% | 2,050,000 | $2.4M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Add +249.0% | 1,675,000 | $2.2M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 651,000 | $2.2Mbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Sold out | 2,310,000 | $2.2Mbefore exit |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | Sold out | 2,083,000 | $2.1Mbefore exit |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Sold out | 2,000,000 | $2.1Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +26.6% | 1,904,000 | $1.9M |
| IQIYI INC (IQ 6.5 03/15/28) | NOTE 6.500% 3/1 · principal | Reduce -27.9% | 1,875,000 | $1.9M |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | Sold out | 1,491,000 | $1.9Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Reduce -66.7% | 1,850,000 | $1.7M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Reduce -55.8% | 2,650,000 | $1.7M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Add +1656.3% | 562,000 | $1.7M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Sold out | 1,164,000 | $1.6Mbefore exit |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Add +40.1% | 1,397,000 | $1.6M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | New | 388,000 | $1.4M |
Showing the first 50 of 199.
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 | 5,403 | $155.4B | SPY, AMZN, SNDK, NVDA, QQQ |
| Q1 2026 | 5,781 | $92.1B | SPY, AVGO, PLTR, SNDK, QQQ |
| Q4 2025 | 5,901 | $83.5B | SPY, META, NVDA, AVGO, SLV |
| Q3 2025 | 5,701 | $84.6B | NVDA, TSLA, CRWV, GOOGL, TSM |
| Q2 2025 | 5,125 | $61.0B | IBIT, TSLA, TSM, NVDA, TMUS |
| Q1 2025Amended | 5,302 | $55.1B | NVDA, AVGO, SPY, TSLA, SLV |
| Q4 2024 | 5,654 | $62.0B | SPY, COIN, META, TSLA, NVDA |
| Q3 2024 | 5,787 | $61.9B | NVDA, SPY, TSLA, EFA, TLT |
| Q2 2024 | 5,922 | $92.0B | AAPL, NVDA, AMZN, VWO, TSLA |
| Q1 2024 | 5,584 | $77.2B | QQQ, SPY, IEMG, TLT, SMH |