Jefferies Financial Group Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Jefferies Financial Group Inc. reported 1,289 stock positions worth $11.9 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 6.7% of the portfolio, followed by iShares Russell 2000 ETF (IWM, 3.6%) and Nvidia (NVDA, 3.3%). Compared with Q3 2025, it opened 520 new positions, sold out of 187, added to 415 and reduced 303. The biggest buy was Nvidia (NVDA, shares +451%) and the biggest sale an exit from Vanguard Info Tech ETF (VGT).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000096223
- Portfolio Value
- $11.9B (Q4 2025)
- SEC Filing
- 0000096223-26-000010 ↗ filed Feb 9, 2026
Holdings Value
Holdings 1,289 stocks · $11.9B
| SPY SS SPDR S&P 500 ETF Trust-US | 6.70% | 1,168,090 | $796.5M | Add +7.2% |
| IWM iShares Russell 2000 ETF | 3.57% | 1,726,891 | $425.1M | Add +18.6% |
| NVDA Nvidia Corp. | 3.25% | 2,073,147 | $386.6M | Add +450.9% |
| QQQ Invesco QQQ Trust Series 1 | 3.25% | 628,367 | $386.0M | Add +7.5% |
| GOOG Alphabet Inc. Class C | 2.06% | 781,593 | $245.3M | Add +10927.0% |
| AMZN Amazon.com Inc. | 1.81% | 934,388 | $215.7M | Add +248.3% |
| XBI SS SPDR S&P Biotech ETF | 1.76% | 1,715,089 | $209.1M | Add +13.9% |
| CDTX Cidara Therapeutics Inc. | 1.42% | 766,520 | $169.3M | Add +110.0% |
| INSM Insmed Inc. | 1.36% | 926,339 | $161.2M | Add +757.0% |
| GOOGL Alphabet Inc. Class A | 1.23% | 468,369 | $146.6M | Add +1515.5% |
| PG The Procter & Gamble Co. | 1.20% | 997,764 | $143.0M | Add +122.7% |
| GLD SPDR Gold Shares | 1.13% | 338,958 | $134.3M | Add +1462.7% |
| MSFT Microsoft Corp. | 1.12% | 274,648 | $132.8M | Add +136.5% |
| PTCT PTC Therapeutics Inc. | 1.06% | 1,658,481 | $126.0M | Add +4.7% |
| JPM JPMorgan Chase & Co. | 1.00% | 370,202 | $119.3M | Add +2514.6% |
| MU Micron Technology Inc. | 0.99% | 412,469 | $117.7M | Add +1253.2% |
| CRH CRH PLC | 0.97% | 920,736 | $114.9M | Add +100.6% |
| ASH Ashland Inc. | 0.94% | 1,900,000 | $111.5M | Add +775.5% |
| AAPL Apple Inc. | 0.91% | 399,482 | $108.6M | Add +123.9% |
| C Citigroup Inc. | 0.89% | 902,469 | $105.3M | Add +522.5% |
| RVMD Revolution Medicines Inc. | 0.76% | 1,141,195 | $90.9M | Add +8678.4% |
| CMA Comerica Inc. | 0.74% | 1,006,259 | $87.5M | Add +3520.3% |
| TSLA Tesla Inc. | 0.71% | 188,247 | $84.7M | Add +8.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.71% | 167,137 | $84.0M | Add +35.6% |
| VOO Vanguard S&P 500 ETF | 0.69% | 131,444 | $82.4M | Add +0.2% |
| ROIV Roivant Sciences Ltd. | 0.64% | 3,514,833 | $76.3M | New |
| HON Honeywell International Inc. | 0.63% | 382,273 | $74.6M | Add +8521.4% |
| CVX Chevron Corp. | 0.62% | 486,435 | $74.1M | Reduce -53.6% |
| HLMN Hillman Solutions Corp. | 0.58% | 7,997,201 | $69.3M | Add +0.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.58% | 2,462,331 | $69.2M | Add +78.7% |
| RY Royal Bank of Canada | 0.58% | 403,000 | $68.7M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.56% | 218,656 | $66.4M | Reduce -1.1% |
| AMD Advanced Micro Devices | 0.55% | 308,021 | $66.0M | Add +6228.8% |
| LLY Eli Lilly & Co. | 0.55% | 60,336 | $64.8M | Reduce -79.9% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.52% | 479,492 | $62.2M | Add +6300.1% |
| ABVX Abivax SA-ADR | 0.52% | 457,325 | $61.7M | No change |
| MA Mastercard Inc. Class A | 0.50% | 104,917 | $59.9M | Add +0.8% |
| BKR Baker Hughes Co. | 0.50% | 1,315,175 | $59.9M | New |
| VZ Verizon Communications Inc. | 0.48% | 1,408,478 | $57.4M | Add +1006.7% |
| WMT Walmart Inc. | 0.47% | 504,239 | $56.2M | Add +657.4% |
| TRS Trimas Corp. | 0.46% | 1,552,499 | $55.0M | New |
| TTE Totalenergies SE | 0.46% | 841,481 | $54.9M | New |
| LION Lionsgate Studios Corp. | 0.45% | 5,828,265 | $53.2M | Add +0.4% |
| IMTX Immatics NV | 0.45% | 5,059,551 | $53.1M | Add +323.4% |
| MRK Merck & Co. Inc. | 0.44% | 500,928 | $52.7M | Add +124.3% |
| URGN Urogen Pharma Ltd. | 0.43% | 2,199,652 | $51.5M | No change |
| BN Brookfield Corp. | 0.43% | 1,119,000 | $51.4M | New |
| PEP Pepsico Inc. | 0.43% | 355,172 | $51.0M | Reduce -72.3% |
| IBB iShares Biotechnology ETF | 0.43% | 300,458 | $50.7M | Reduce -33.4% |
| TIC Tic Solutions Inc. | 0.43% | 5,000,000 | $50.5M | No change |
| ACHC Acadia Healthcare Co. Inc. | 0.40% | 3,379,813 | $48.0M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.40% | 522,383 | $47.7M | Add +3.7% |
| STX Seagate Technology Holdings | 0.40% | 171,077 | $47.1M | Add +48226.8% |
| PYPL PayPal Holdings Inc. | 0.38% | 763,832 | $44.6M | Add +339.6% |
| GFL GFL Environmental Inc.-Sub VT | 0.37% | 1,031,408 | $44.3M | New |
| CELH Celsius Holdings Inc. | 0.37% | 958,730 | $43.9M | Add +19074.6% |
| CXM Sprinklr Inc. Class A | 0.37% | 5,590,002 | $43.5M | Add +19.4% |
| AON Aon PLC Class A | 0.37% | 123,030 | $43.4M | Add +2.0% |
| IMNM Immunome Inc. | 0.36% | 2,000,000 | $43.0M | Reduce -4.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.35% | 361,676 | $41.1M | Add +49.1% |
| VCLT Vanguard Long-Term Corp. Bond | 0.35% | 542,453 | $41.1M | New |
| COR Cencora Inc. | 0.34% | 119,653 | $40.4M | Add +195.1% |
| BA The Boeing Co. | 0.34% | 185,157 | $40.2M | Add +2581.5% |
| NSC Norfolk Southern Corp. | 0.34% | 138,801 | $40.1M | Add +0.6% |
| ROST Ross Stores Inc. | 0.32% | 211,676 | $38.1M | Add +744.8% |
| AHCO Adapthealth Corp. | 0.31% | 3,757,557 | $37.4M | Reduce -17.6% |
| SNOW Snowflake Inc. | 0.31% | 170,210 | $37.3M | Add +0.5% |
| MCD McDonald's Corp. | 0.30% | 117,947 | $36.0M | New |
| LIN Linde PLC | 0.30% | 84,426 | $36.0M | Add +5163.5% |
| KLAC KLA Corp. | 0.29% | 28,618 | $34.8M | Add +517.4% |
| MS Morgan Stanley | 0.29% | 195,057 | $34.6M | Add +3203.8% |
| NDAQ Nasdaq Inc. | 0.29% | 356,265 | $34.6M | Add +323.1% |
| TMUS T-Mobile US Inc. | 0.29% | 169,532 | $34.4M | Add +202.4% |
| AMGN Amgen Inc. | 0.29% | 104,437 | $34.2M | Reduce -36.7% |
| SRE Sempra | 0.28% | 379,460 | $33.5M | Add +94.1% |
| NNN NNN REIT Inc. | 0.28% | 845,374 | $33.5M | Add +508.6% |
| HD Home Depot Inc. | 0.28% | 97,038 | $33.4M | Reduce -31.7% |
| ARES Ares Management Corp. Class A | 0.28% | 204,955 | $33.1M | Add +497.2% |
| FANG Diamondback Energy Inc. | 0.28% | 218,884 | $32.9M | Reduce -8.7% |
| VNQ Vanguard Real Estate ETF | 0.27% | 359,757 | $31.8M | Add +15839.6% |
| APH Amphenol Corp. Class A | 0.27% | 234,626 | $31.7M | Add +576.0% |
| IQV Iqvia Holdings Inc. | 0.26% | 137,065 | $30.9M | Add +2.4% |
| PFE Pfizer Inc. | 0.26% | 1,230,281 | $30.6M | Add +213.3% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.25% | 778,526 | $29.9M | Add +176.8% |
| CL Colgate-Palmolive Co. | 0.25% | 373,563 | $29.5M | New |
| UNH Unitedhealth Group Inc. | 0.24% | 88,053 | $29.1M | Add +266.0% |
| INTC Intel Corp. | 0.24% | 773,988 | $28.6M | Add +420.4% |
| DHR Danaher Corp. | 0.24% | 124,316 | $28.5M | New |
| TLN Talen Energy Corp. | 0.24% | 75,842 | $28.4M | Add +6605.8% |
| INSP Inspire Medical Systems Inc. | 0.24% | 307,588 | $28.4M | New |
| BAH Booz Allen Hamilton Holdings | 0.24% | 335,982 | $28.3M | Add +2112.4% |
| RSP Invesco S&P 500 Equal Weight | 0.24% | 147,822 | $28.3M | Reduce -9.9% |
| EMBC Embecta Corp. | 0.24% | 2,354,971 | $28.0M | Add +24.9% |
| DAVE Dave Inc. | 0.23% | 125,891 | $27.9M | New |
| SPOT Spotify Technology SA | 0.23% | 47,970 | $27.9M | Reduce -1.1% |
| BMRN Biomarin Pharmaceutical Inc. | 0.23% | 467,018 | $27.8M | New |
| GEHC GE Healthcare Technology | 0.23% | 335,820 | $27.5M | Add +212.7% |
| ELV Elevance Health Inc. | 0.23% | 78,397 | $27.5M | Add +498.0% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 505,773 | $27.3M | Add +307.7% |
| FIX Comfort Systems USA Inc. | 0.23% | 29,124 | $27.2M | Add +336.5% |
Options reported separately and not counted above: SPY puts ($1.2B), GLD calls ($871.3M), GLD puts ($573.5M), IREN calls ($302.6M), IREN puts ($285.1M), GOOG puts ($236.6M), NVDA puts ($197.1M), XLE puts ($146.3M), C calls ($119.3M), TLT calls ($104.6M), C puts ($93.2M), IWM puts ($89.2M), and 384 more.
Other holdings (139): bonds, preferreds, convertibles and warrants · $314.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 15,100,000 | $20.2M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 15,341,000 | $19.3M | Add +53.3% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 20,842,000 | $18.7M | Reduce -13.0% |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 21,477,000 | $16.9M | New |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 14,492,000 | $14.1M | Reduce -20.5% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 11,492,000 | $11.5M | Add +51.2% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 11,317,000 | $11.4M | Reduce -59.4% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 9,554,000 | $10.7M | Add +263.6% |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | 11,129,000 | $9.7M | New |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 7,620,000 | $9.6M | Add +69.0% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 8,500,000 | $9.3M | Add +3486.5% |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | 7,286,000 | $9.2M | New |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 10,318,000 | $8.7M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 5,338,000 | $8.5M | New |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | 7,142,000 | $7.2M | Add +18.9% |
| GREEN PLAINS INC (GPRE 5.25 11/01/30 UNRS) | NOTE 5.250%11/0 · principal | 6,500,000 | $6.8M | New |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 7,030,000 | $6.3M | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 4,220,000 | $6.1M | Add +75.7% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 5,896,000 | $5.6M | Add +35.7% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 4,285,000 | $3.9M | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 3,220,000 | $3.7M | Reduce -14.8% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 2,233,000 | $3.1M | Reduce -6.8% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 3,058,000 | $3.0M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 43,056 | $3.0M | Add +7.5% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 2,774,000 | $2.9M | Add +4447.5% |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 2,009,000 | $2.8M | Add +38.5% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 2,200,000 | $2.7M | New |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 2,000,000 | $2.6M | Reduce -66.6% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 2,562,000 | $2.6M | Add +4032.3% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 2,863,000 | $2.5M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 1,676,000 | $2.5M | Reduce -61.3% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 2,327,000 | $2.5M | Add +5311.6% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 2,466,000 | $2.4M | Add +1133.0% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 39,367 | $2.3M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 1,575,000 | $2.2M | Add +10.0% |
| LIVEPERSON INC (LPSN 0 12/15/26) | NOTE 12/1 · principal | 5,153,000 | $2.2M | No change |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 1,607,000 | $2.2M | New |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 2,118,000 | $2.1M | Add +246.6% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 1,993,000 | $2.0M | New |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 1,999,000 | $1.9M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 2,091,000 | $1.9M | Reduce -82.2% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 1,540,000 | $1.9M | Reduce -15.9% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 1,774,000 | $1.8M | Reduce -20.7% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 2,002,000 | $1.8M | Add +19.6% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 1,749,000 | $1.8M | Reduce -48.2% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,178,000 | $1.6M | Reduce -77.0% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 1,616,000 | $1.6M | New |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 1,500,000 | $1.4M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 1,430,000 | $1.4M | Add +37.4% |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 800,000 | $1.4M | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 19,880 | $1.3M | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 1,209,000 | $1.3M | Add +82.1% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 1,393,000 | $1.3M | Reduce -90.9% |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 1,509,000 | $1.2M | New |
| LEMAITRE VASCULAR INC (LMAT 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 1,219,000 | $1.2M | New |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 1,226,000 | $1.2M | Reduce -68.6% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 1,056,000 | $1.1M | Add +49.1% |
| UNITI GROUP INC (UNIT 7.5 12/01/27) | NOTE 7.500%12/0 · principal | 961,000 | $1.1M | Reduce -54.7% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 753,000 | $979K | Reduce -77.1% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 620,000 | $914K | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 879,000 | $904K | Reduce -71.4% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 939,000 | $901K | Add +134.8% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 893,000 | $884K | Reduce -74.5% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 800,000 | $878K | Reduce -12.5% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 704,000 | $840K | New |
| ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) | NOTE 4.250%11/1 · principal | 551,000 | $836K | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 690,000 | $791K | New |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 1,116,000 | $781K | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 677,000 | $765K | Add +89.6% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 683,000 | $732K | New |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 685,000 | $597K | New |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | 700,000 | $594K | New |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 500,000 | $579K | Add +733.3% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 539,000 | $547K | Reduce -61.0% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 565,000 | $536K | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 344,000 | $535K | Reduce -97.7% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 488,000 | $492K | Reduce -44.3% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 259,000 | $489K | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 450,000 | $459K | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 416,000 | $432K | Add +6.9% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 7,830 | $432K | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 425,000 | $424K | Reduce -77.4% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 400,000 | $416K | Add +47.1% |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 221,000 | $405K | New |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 373,000 | $371K | Add +86.5% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 216,000 | $367K | Add +22.0% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 107,000 | $357K | New |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 280,000 | $324K | Reduce -87.9% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 250,000 | $301K | Add +150.0% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 318,000 | $294K | Reduce -92.8% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 198,000 | $251K | Reduce -22.7% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 99,000 | $224K | New |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 100,000 | $199K | Reduce -81.0% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 200,000 | $198K | New |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 156,000 | $196K | No change |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 113,000 | $184K | New |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 177,000 | $180K | Add +883.3% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 176,000 | $165K | Reduce -94.7% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 166,000 | $163K | New |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 150,000 | $141K | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 118,000 | $137K | New |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 134,000 | $132K | Reduce -88.0% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 132,000 | $127K | New |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 75,000 | $125K | New |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 112,000 | $121K | Add +286.2% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 38,000 | $102K | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 100,000 | $97K | New |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 100,000 | $97K | New |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 100,000 | $97K | New |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 100,000 | $97K | New |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 96,000 | $95K | Add +26.3% |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | 100,000 | $95K | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 83,000 | $86K | No change |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 70,000 | $79K | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 65,000 | $71K | Add +14.0% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 74,000 | $70K | Add +469.2% |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 73,000 | $69K | No change |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 53,000 | $67K | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 59,000 | $58K | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 55,000 | $57K | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 50,660 | $55K | New |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 51,000 | $51K | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 50,000 | $50K | Reduce -33.3% |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 50,000 | $49K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 46,000 | $44K | New |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 13,518 | $41K | Add +113.8% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 31,000 | $37K | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 30,000 | $30K | Reduce -98.5% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 26,000 | $26K | Reduce -18.8% |
| MITEK SYSTEMS INC (MITK 0.75 02/01/26) | NOTE 0.750% 2/0 · principal | 25,000 | $24K | No change |
| JAMF HOLDING CORP (JAMF 0.125 09/01/26) | NOTE 0.125% 9/0 · principal | 24,000 | $24K | No change |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 13,000 | $20K | Reduce -98.8% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 19,000 | $19K | Reduce -98.0% |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 18,000 | $17K | Reduce -73.9% |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 11,000 | $16K | New |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 16,000 | $16K | No change |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 13,000 | $12K | New |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 12,000 | $12K | New |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 11,000 | $11K | Reduce -94.4% |
Total filed on the 13F, all lines: $12.2B.
Portfolio Sells Q3 2025 → Q4 2025
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −15.92 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −6.47 |
| COST Costco Wholesale Corp. | Reduce -87.0% | 0.23% | −1.87 |
| LLY Eli Lilly & Co. | Reduce -79.9% | 0.55% | −1.62 |
| PEP Pepsico Inc. | Reduce -72.3% | 0.43% | −1.28 |
| CDNS Cadence Design SYS Inc. | Reduce -98.6% | 0.01% | −1.27 |
| IREN Iren Ltd. | Reduce -78.7% | 0.22% | −1.25 |
| CVX Chevron Corp. | Reduce -53.6% | 0.62% | −0.92 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.91 |
| ARGX Argenx SE - ADR | Reduce -80.7% | 0.21% | −0.87 |
| KKR KKR & Co. Inc. | Reduce -99.6% | 0.00% | −0.76 |
| HBAN Huntington Bancshares Inc. | Reduce -90.4% | 0.06% | −0.67 |
| PTGX Protagonist Therapeutics Inc. | Reduce -99.4% | 0.00% | −0.51 |
| UNP Union Pacific Corp. | Reduce -97.8% | 0.01% | −0.51 |
| AVGO Broadcom Inc. | Reduce -82.9% | 0.09% | −0.47 |
| AZO AutoZone Inc. | Reduce -92.9% | 0.02% | −0.46 |
| AR Antero Resources Corp. | Reduce -73.9% | 0.13% | −0.41 |
| CCC CCC Intelligent Solutions Ho | Sold out | 0.00% | −0.39 |
| DKNG Draftkings Inc. Class A | Reduce -97.8% | 0.01% | −0.35 |
| ATKR Atkore Inc. | Reduce -97.1% | 0.01% | −0.34 |
| RRC Range Resources Corp. | Reduce -93.0% | 0.02% | −0.33 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -77.4% | 0.08% | −0.32 |
| MRX Marex UK Holdings Ltd. | Sold out | 0.00% | −0.32 |
| XEL Xcel Energy Inc. | Reduce -61.5% | 0.14% | −0.32 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.31 |
| MSTR Strategy Inc. | Reduce -7.8% | 0.19% | −0.31 |
| BE Bloom Energy Corp. Class A | Reduce -100.0% | 0.00% | −0.27 |
| HD Home Depot Inc. | Reduce -31.7% | 0.28% | −0.26 |
| T AT&T Inc. | Reduce -96.0% | 0.01% | −0.26 |
| COF Capital One Financial Corp. | Reduce -76.7% | 0.07% | −0.23 |
| BX Blackstone Inc. | Reduce -53.0% | 0.14% | −0.23 |
| SYRE Spyre Therapeutics Inc. | Sold out | 0.00% | −0.22 |
| APGE Apogee Therapeutics Inc. | Sold out | 0.00% | −0.21 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.21 |
| NEE Nextera Energy Inc. | Reduce -62.9% | 0.11% | −0.20 |
| VBTX Veritex Holdings Inc. | Sold out | 0.00% | −0.19 |
| IBB iShares Biotechnology ETF | Reduce -33.4% | 0.43% | −0.19 |
| EQT Eqt Corp. | Reduce -49.6% | 0.15% | −0.19 |
| AMGN Amgen Inc. | Reduce -36.7% | 0.29% | −0.15 |
| REG Regency Centers Corp. | Reduce -50.1% | 0.11% | −0.15 |
| KDP Keurig Dr Pepper Inc. | Reduce -52.1% | 0.12% | −0.14 |
| ARIS WATER SOLUTIONS INC-A | Sold out | 0.00% | −0.14 |
| NKTR Nektar Therapeutics | Reduce -63.1% | 0.04% | −0.12 |
| VRNT Verint Systems Inc. | Sold out | 0.00% | −0.12 |
| ETN Eaton Corp. PLC | Reduce -95.2% | 0.00% | −0.10 |
| KMB Kimberly-Clark Corp. | Reduce -86.3% | 0.01% | −0.10 |
| SOFI Sofi Technologies Inc. | Reduce -74.0% | 0.03% | −0.10 |
| REGN Regeneron Pharmaceuticals | Reduce -77.0% | 0.04% | −0.10 |
| XLI SS Industrial Select Sector | Reduce -34.8% | 0.13% | −0.10 |
| FER Ferrovial NV | Sold out | 0.00% | −0.09 |
Portfolio Buys Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Add +450.9% | 3.25% | +2.59 |
| GOOG Alphabet Inc. Class C | Add +10927.0% | 2.06% | +2.05 |
| AMZN Amazon.com Inc. | Add +248.3% | 1.81% | +1.26 |
| INSM Insmed Inc. | Add +757.0% | 1.36% | +1.21 |
| GOOGL Alphabet Inc. Class A | Add +1515.5% | 1.23% | +1.17 |
| CDTX Cidara Therapeutics Inc. | Add +110.0% | 1.42% | +1.09 |
| GLD SPDR Gold Shares | Add +1462.7% | 1.13% | +1.06 |
| JPM JPMorgan Chase & Co. | Add +2514.6% | 1.00% | +0.96 |
| MU Micron Technology Inc. | Add +1253.2% | 0.99% | +0.94 |
| ASH Ashland Inc. | Add +775.5% | 0.94% | +0.84 |
| RVMD Revolution Medicines Inc. | Add +8678.4% | 0.76% | +0.76 |
| C Citigroup Inc. | Add +522.5% | 0.89% | +0.75 |
| CMA Comerica Inc. | Add +3520.3% | 0.74% | +0.72 |
| ROIV Roivant Sciences Ltd. | New | 0.64% | +0.64 |
| HON Honeywell International Inc. | Add +8521.4% | 0.63% | +0.62 |
| RY Royal Bank of Canada | New | 0.58% | +0.58 |
| PG The Procter & Gamble Co. | Add +122.7% | 1.20% | +0.55 |
| AMD Advanced Micro Devices | Add +6228.8% | 0.55% | +0.55 |
| MSFT Microsoft Corp. | Add +136.5% | 1.12% | +0.55 |
| BMO Bank of Montreal | Add +6300.1% | 0.52% | +0.51 |
| BKR Baker Hughes Co. | New | 0.50% | +0.50 |
| AAPL Apple Inc. | Add +123.9% | 0.91% | +0.48 |
| TRS Trimas Corp. | New | 0.46% | +0.46 |
| TTE Totalenergies SE | New | 0.46% | +0.46 |
| CRH CRH PLC | Add +100.6% | 0.97% | +0.44 |
| BN Brookfield Corp. | New | 0.43% | +0.43 |
| VZ Verizon Communications Inc. | Add +1006.7% | 0.48% | +0.43 |
| WMT Walmart Inc. | Add +657.4% | 0.47% | +0.41 |
| ACHC Acadia Healthcare Co. Inc. | New | 0.40% | +0.40 |
| STX Seagate Technology Holdings | Add +48226.8% | 0.40% | +0.40 |
| GFL GFL Environmental Inc.-Sub VT | New | 0.37% | +0.37 |
| CELH Celsius Holdings Inc. | Add +19074.6% | 0.37% | +0.37 |
| IMTX Immatics NV | Add +323.4% | 0.45% | +0.35 |
| VCLT Vanguard Long-Term Corp. Bond | New | 0.35% | +0.35 |
| XBI SS SPDR S&P Biotech ETF | Add +13.9% | 1.76% | +0.33 |
| BA The Boeing Co. | Add +2581.5% | 0.34% | +0.32 |
| MCD McDonald's Corp. | New | 0.30% | +0.30 |
| LIN Linde PLC | Add +5163.5% | 0.30% | +0.30 |
| ROST Ross Stores Inc. | Add +744.8% | 0.32% | +0.28 |
| MS Morgan Stanley | Add +3203.8% | 0.29% | +0.28 |
| MRK Merck & Co. Inc. | Add +124.3% | 0.44% | +0.27 |
| VNQ Vanguard Real Estate ETF | Add +15839.6% | 0.27% | +0.27 |
| PYPL PayPal Holdings Inc. | Add +339.6% | 0.38% | +0.26 |
| CL Colgate-Palmolive Co. | New | 0.25% | +0.25 |
| KLAC KLA Corp. | Add +517.4% | 0.29% | +0.24 |
| DHR Danaher Corp. | New | 0.24% | +0.24 |
| INSP Inspire Medical Systems Inc. | New | 0.24% | +0.24 |
| IWM iShares Russell 2000 ETF | Add +18.6% | 3.57% | +0.24 |
| TLN Talen Energy Corp. | Add +6605.8% | 0.24% | +0.23 |
| DAVE Dave Inc. | New | 0.23% | +0.23 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -38.0% | 1,784,500 | $1.2B |
| GLD SPDR Gold Shares | call | Reduce -59.3% | 2,198,500 | $871.3M |
| GLD SPDR Gold Shares | put | Reduce -63.7% | 1,447,100 | $573.5M |
| IREN Iren Ltd. | call | Add +11.4% | 8,012,100 | $302.6M |
| IREN Iren Ltd. | put | Reduce -28.3% | 7,548,900 | $285.1M |
| GOOG Alphabet Inc. Class C | put | Add +625.0% | 754,000 | $236.6M |
| NVDA Nvidia Corp. | put | Add +567.0% | 1,056,600 | $197.1M |
| PEP Pepsico Inc. | put | Sold out | 1,309,000 | $183.8Mbefore exit |
| LLY Eli Lilly & Co. | put | Sold out | 231,800 | $176.9Mbefore exit |
| XLE SS Energy Select Sector | put | Reduce -20.4% | 3,272,400 | $146.3M |
| CDNS Cadence Design SYS Inc. | put | Sold out | 386,000 | $135.6Mbefore exit |
| C Citigroup Inc. | call | Reduce -12.3% | 1,022,100 | $119.3M |
| CVX Chevron Corp. | put | Sold out | 687,000 | $106.7Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | Add +1500.0% | 1,200,000 | $104.6M |
| NXPI NXP Semiconductors NV | put | Sold out | 421,000 | $95.9Mbefore exit |
| C Citigroup Inc. | put | Reduce -38.7% | 798,800 | $93.2M |
| IWM iShares Russell 2000 ETF | put | Add +168.5% | 362,500 | $89.2M |
| META Meta Platforms Inc. Class A | call | New | 134,600 | $88.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 119,500 | $81.5M |
| EQT Eqt Corp. | put | New | 1,287,400 | $69.0M |
| ARGX Argenx SE - ADR | put | Sold out | 90,400 | $66.7Mbefore exit |
| XOM Exxon Mobil Corp. | put | Add +4588.4% | 525,100 | $63.2M |
| ARKK ARK Innovation ETF | put | Sold out | 711,600 | $61.4Mbefore exit |
| CELH Celsius Holdings Inc. | put | Add +11.8% | 1,321,200 | $60.4M |
| AAPL Apple Inc. | call | Reduce -29.6% | 217,600 | $59.2M |
| IWM iShares Russell 2000 ETF | call | New | 240,000 | $59.1M |
| CELH Celsius Holdings Inc. | call | Sold out | 985,000 | $56.6Mbefore exit |
| GOOGL Alphabet Inc. Class A | put | New | 175,000 | $54.8M |
| PRGS Progress Software Corp. | put | Sold out | 1,150,000 | $50.5Mbefore exit |
| AAPL Apple Inc. | put | Add +45.8% | 180,000 | $48.9M |
| STX Seagate Technology Holdings | put | New | 170,000 | $46.8M |
| VST Vistra Corp. | call | Add +1050.4% | 287,600 | $46.4M |
| XLE SS Energy Select Sector | call | Reduce -46.6% | 1,020,200 | $45.6M |
| WMT Walmart Inc. | put | Add +2393.8% | 401,500 | $44.7M |
| VST Vistra Corp. | put | Add +3110.5% | 276,100 | $44.5M |
| FSLR First Solar Inc. | put | Add +397.6% | 165,700 | $43.3M |
| IMNM Immunome Inc. | put | Reduce -4.8% | 2,000,000 | $43.0M |
| HD Home Depot Inc. | put | New | 124,200 | $42.7M |
| AHCO Adapthealth Corp. | put | Add +2.3% | 4,039,500 | $40.2M |
| DKNG Draftkings Inc. Class A | call | Sold out | 1,075,600 | $40.2Mbefore exit |
| INTC Intel Corp. | put | Add +117.8% | 1,030,200 | $38.0M |
| GOOG Alphabet Inc. Class C | call | Sold out | 152,000 | $37.0Mbefore exit |
| WFC Wells Fargo & Co. | call | Add +105.3% | 385,000 | $35.9M |
| ZIM Zim Integrated Shipping Serv | put | Reduce -38.2% | 1,554,700 | $33.0M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -61.2% | 53,500 | $32.9M |
| BE Bloom Energy Corp. Class A | put | Reduce -7.1% | 377,000 | $32.8M |
| BAC Bank of America Corp. | put | Add +24.6% | 593,000 | $32.6M |
| GDX Vaneck Gold Miners ETF | call | Sold out | 424,500 | $32.4Mbefore exit |
| NEE Nextera Energy Inc. | call | Add +14.3% | 400,000 | $32.1M |
| JNJ Johnson & Johnson | put | Add +158.1% | 155,100 | $32.1M |
Showing the first 50 of 463.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 15,100,000 | $20.2M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Sold out | 7,943,891 | $19.6Mbefore exit |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +53.3% | 15,341,000 | $19.3M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Reduce -13.0% | 20,842,000 | $18.7M |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | New | 21,477,000 | $16.9M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | Reduce -20.5% | 14,492,000 | $14.1M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +51.2% | 11,492,000 | $11.5M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -59.4% | 11,317,000 | $11.4M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +263.6% | 9,554,000 | $10.7M |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | New | 11,129,000 | $9.7M |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | Add +69.0% | 7,620,000 | $9.6M |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | Add +3486.5% | 8,500,000 | $9.3M |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | New | 7,286,000 | $9.2M |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | New | 10,318,000 | $8.7M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 5,338,000 | $8.5M |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | Add +18.9% | 7,142,000 | $7.2M |
| GREEN PLAINS INC (GPRE 5.25 11/01/30 UNRS) | NOTE 5.250%11/0 · principal | New | 6,500,000 | $6.8M |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | Sold out | 8,011,000 | $6.8Mbefore exit |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | New | 7,030,000 | $6.3M |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Add +75.7% | 4,220,000 | $6.1M |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | Sold out | 4,916,000 | $5.9Mbefore exit |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Add +35.7% | 5,896,000 | $5.6M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 4,714,000 | $4.9Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Sold out | 4,096,000 | $4.4Mbefore exit |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | Sold out | 4,148,000 | $4.3Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 3,530,000 | $4.3Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Sold out | 3,809,000 | $4.0Mbefore exit |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | New | 4,285,000 | $3.9M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -14.8% | 3,220,000 | $3.7M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 1,902,000 | $3.2Mbefore exit |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Reduce -6.8% | 2,233,000 | $3.1M |
| CELCUITY INC (CELC 2.75 08/01/31) | NOTE 2.750% 8/0 · principal | Sold out | 2,279,000 | $3.1Mbefore exit |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | New | 3,058,000 | $3.0M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +7.5% | 43,056 | $3.0M |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Add +4447.5% | 2,774,000 | $2.9M |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | Add +38.5% | 2,009,000 | $2.8M |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | Sold out | 1,500,000 | $2.8Mbefore exit |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | New | 2,200,000 | $2.7M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Reduce -66.6% | 2,000,000 | $2.6M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Add +4032.3% | 2,562,000 | $2.6M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | New | 2,863,000 | $2.5M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Sold out | 1,552,000 | $2.5Mbefore exit |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Reduce -61.3% | 1,676,000 | $2.5M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +5311.6% | 2,327,000 | $2.5M |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | Add +1133.0% | 2,466,000 | $2.4M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Sold out | 2,447,000 | $2.4Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 39,367 | $2.3M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Add +10.0% | 1,575,000 | $2.2M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Sold out | 2,175,000 | $2.2Mbefore exit |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | New | 1,607,000 | $2.2M |
Showing the first 50 of 183.
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 | 1,217 | $10.6B | SPY, IWM, XBI, QQQ, AAPL |
| Q1 2026 | 1,250 | $7.9B | SPY, XBI, QQQ, IWM, NVDA |
| Q4 2025 | 1,289 | $11.9B | SPY, IWM, NVDA, QQQ, GOOG |
| Q3 2025 | 955 | $10.6B | VGT, SPY, WRB, IWM, QQQ |
| Q2 2025 | 842 | $5.8B | SPY, IWM, QQQ, XBI, MA |
| Q1 2025 | 1,187 | $5.6B | SPY, AAPL, QQQ, ARGX, IWM |
| Q4 2024Amended | 1,107 | $8.7B | SPY, IWM, AMZN, GOOGL, MSFT |
| Q3 2024 | 963 | $5.7B | SPY, AAPL, NVDA, QQQ, IWM |
| Q2 2024 | 925 | $4.7B | SPY, GLNG, IWM, QQQ, V |
| Q1 2024 | 1,069 | $4.6B | SPY, QQQ, V, IWM, HLMN |