JPMorgan Chase & Co.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), JPMorgan Chase & Co. reported 6,055 stock positions worth $1.31 trillion. Its top holding was Microsoft (MSFT) at 4.1% of the portfolio, followed by Nvidia (NVDA, 3.5%) and Apple (AAPL, 3.4%). Compared with Q4 2024, it opened 410 new positions, sold out of 322, added to 2,452 and reduced 2,877. The biggest buy was Visa Class A (V, shares +111%) and the biggest sale Taiwan Semiconductor-SP ADR (TSM, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000019617
- Portfolio Value
- $1.31T (Q1 2025)
- SEC Filing
- 0000019617-25-000443 ↗ filed May 12, 2025
Holdings Value
Holdings 6,055 stocks · $1.31T
| MSFT Microsoft Corp. | 4.07% | 142,009,968 | $53.3B | Add +5.2% |
| NVDA Nvidia Corp. | 3.48% | 421,100,703 | $45.6B | Add +1.8% |
| AAPL Apple Inc. | 3.37% | 198,745,598 | $44.1B | Add +8.6% |
| AMZN Amazon.com Inc. | 2.91% | 200,228,094 | $38.1B | Add +9.5% |
| META Meta Platforms Inc. Class A | 2.56% | 58,198,195 | $33.5B | Add +12.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.47% | 57,976,595 | $32.4B | Add +9.0% |
| MA Mastercard Inc. Class A | 1.30% | 31,014,673 | $17.0B | Add +2.5% |
| GOOG Alphabet Inc. Class C | 1.22% | 102,232,997 | $16.0B | Add +9.9% |
| AVGO Broadcom Inc. | 1.17% | 91,362,074 | $15.3B | Add +15.2% |
| VOO Vanguard S&P 500 ETF | 1.15% | 29,230,561 | $15.0B | Add +23.9% |
| UNH Unitedhealth Group Inc. | 1.05% | 26,293,837 | $13.8B | Add +7.6% |
| IVV iShares Core S&P 500 ETF | 1.02% | 23,892,610 | $13.4B | Add +31.4% |
| MCD McDonald's Corp. | 0.89% | 37,538,959 | $11.7B | Add +14.6% |
| ABBV Abbvie Inc. | 0.88% | 54,754,470 | $11.5B | Add +5.8% |
| XOM Exxon Mobil Corp. | 0.87% | 95,412,727 | $11.3B | Add +5.2% |
| BNDX Vanguard Total Intl Bond ETF | 0.86% | 230,516,945 | $11.3B | Reduce -0.8% |
| LLY Eli Lilly & Co. | 0.85% | 13,479,918 | $11.1B | Reduce -9.6% |
| WFC Wells Fargo & Co. | 0.78% | 142,627,961 | $10.2B | Add +0.5% |
| TSLA Tesla Inc. | 0.78% | 39,415,548 | $10.2B | Add +9.5% |
| GOOGL Alphabet Inc. Class A | 0.76% | 64,374,502 | $10.0B | Add +16.6% |
| V Visa Inc. Class A | 0.71% | 26,631,682 | $9.3B | Add +110.9% |
| NFLX Netflix Inc. | 0.70% | 9,895,376 | $9.2B | Add +7.9% |
| JNJ Johnson & Johnson | 0.68% | 54,061,842 | $9.0B | Add +39.4% |
| WMT Walmart Inc. | 0.66% | 98,988,651 | $8.7B | Add +79.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 16,203,568 | $8.6B | Add +11.5% |
| BND Vanguard Total Bond Market | 0.58% | 103,233,592 | $7.6B | Add +4.2% |
| BBJP JPMorgan Betabuilders Japan | 0.57% | 133,819,521 | $7.5B | Add +2.7% |
| XLF SS Financial Select Sector | 0.57% | 150,005,730 | $7.5B | Add +37.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 165,290,019 | $6.9B | Reduce -2.7% |
| KO The Coca-Cola Co. | 0.51% | 93,085,485 | $6.7B | Reduce -0.6% |
| BMY Bristol-Myers Squibb Co. | 0.50% | 108,052,504 | $6.6B | Add +12.5% |
| NEE Nextera Energy Inc. | 0.50% | 92,069,237 | $6.5B | Add +10.4% |
| LOW Lowe's Cos Inc. | 0.49% | 27,712,890 | $6.5B | Add +8.1% |
| CRM Salesforce Inc. | 0.47% | 23,117,876 | $6.2B | Add +20.1% |
| LIN Linde PLC | 0.47% | 13,246,195 | $6.2B | Add +38.0% |
| ORCL Oracle Corp. | 0.46% | 43,033,191 | $6.0B | Reduce -5.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.46% | 17,372,745 | $6.0B | Add +38.4% |
| ETN Eaton Corp. PLC | 0.46% | 21,950,239 | $6.0B | Add +23.0% |
| PM Philip Morris International | 0.45% | 36,852,825 | $5.8B | Add +49.0% |
| SO The Southern Co. | 0.45% | 63,584,936 | $5.8B | Add +13.9% |
| NOW ServiceNow Inc. | 0.44% | 7,192,895 | $5.7B | Add +12.4% |
| BBCA JPMorgan Betabuilders Canada | 0.42% | 76,406,547 | $5.5B | Add +4.1% |
| INTU Intuit Inc. | 0.41% | 8,855,622 | $5.4B | Add +14.7% |
| COP Conocophillips | 0.41% | 50,592,799 | $5.3B | Reduce -0.5% |
| PEP Pepsico Inc. | 0.41% | 35,406,666 | $5.3B | Add +14.9% |
| TT Trane Technologies PLC | 0.40% | 15,722,530 | $5.3B | Add +9.8% |
| ABT Abbott Laboratories | 0.40% | 39,923,837 | $5.3B | Add +13.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 20,725,897 | $5.2B | Add +57.5% |
| PGR Progressive Corp. | 0.39% | 18,036,296 | $5.1B | Add +15.0% |
| JPST JPMorgan Ultra-Short Income | 0.39% | 100,114,408 | $5.1B | Add +2.7% |
| TMO Thermo Fisher Scientific Inc. | 0.38% | 10,137,780 | $5.0B | Add +13.7% |
| AXP American Express Co. | 0.38% | 18,356,343 | $4.9B | Add +9.6% |
| TXN Texas Instruments Inc. | 0.38% | 27,360,100 | $4.9B | Add +15.1% |
| MBB iShares MBS ETF | 0.36% | 50,754,674 | $4.8B | Reduce -1.9% |
| BKNG Booking Holdings Inc. | 0.36% | 1,023,359 | $4.7B | Add +18.2% |
| ADI Analog Devices Inc. | 0.36% | 23,341,085 | $4.7B | Reduce -7.1% |
| SYK Stryker Corp. | 0.36% | 12,617,277 | $4.7B | Add +16.7% |
| JGLO JPMorgan GLBL SLCT Eq ETF | 0.35% | 78,186,495 | $4.6B | Add +3.6% |
| VGIT Vanguard Intermediate-Term T | 0.35% | 77,458,516 | $4.6B | Add +17.9% |
| DE Deere & Co. | 0.35% | 9,775,682 | $4.6B | Add +1.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 27,540,843 | $4.6B | Reduce -18.6% |
| PG The Procter & Gamble Co. | 0.34% | 26,435,143 | $4.5B | Add +9.3% |
| MS Morgan Stanley | 0.34% | 38,579,764 | $4.5B | Reduce -6.0% |
| HD Home Depot Inc. | 0.33% | 11,801,572 | $4.3B | Add +4.5% |
| BKR Baker Hughes Co. | 0.33% | 97,980,441 | $4.3B | Add +18.1% |
| GS Goldman Sachs Group Inc. | 0.33% | 7,832,723 | $4.3B | Reduce -1.2% |
| NXPI NXP Semiconductors NV | 0.32% | 22,358,422 | $4.2B | Add +0.5% |
| ISRG Intuitive Surgical Inc. | 0.32% | 8,572,650 | $4.2B | Reduce -15.5% |
| VCIT Vanguard Int-Term Corporate | 0.32% | 51,908,033 | $4.2B | Add +3.4% |
| SCHW Schwab (charles) Corp. | 0.32% | 54,160,220 | $4.2B | Add +10.4% |
| IVW iShares S&P 500 Growth ETF | 0.31% | 43,809,244 | $4.1B | Reduce -2.4% |
| MDLZ Mondelez International Inc. Class A | 0.31% | 59,873,945 | $4.1B | Reduce -2.7% |
| MMM 3M Co. | 0.31% | 27,468,428 | $4.0B | Add +112.0% |
| UNP Union Pacific Corp. | 0.30% | 16,835,560 | $4.0B | Add +57.0% |
| JIRE JPMorgan Int Res Enh Eqty | 0.30% | 62,222,765 | $4.0B | Reduce -4.8% |
| OTIS Otis Worldwide Corp. | 0.30% | 37,920,025 | $3.9B | Add +6.8% |
| BBAX JPMorgan Betabuilders Develo | 0.30% | 80,315,558 | $3.9B | Add +5.2% |
| CVX Chevron Corp. | 0.29% | 23,007,238 | $3.8B | Add +7.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.29% | 77,274,465 | $3.8B | Reduce -1.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.29% | 7,755,645 | $3.8B | Add +22.9% |
| REGN Regeneron Pharmaceuticals | 0.27% | 5,658,197 | $3.6B | Reduce -19.9% |
| AZO AutoZone Inc. | 0.27% | 936,401 | $3.6B | Add +7.1% |
| HON Honeywell International Inc. | 0.27% | 16,800,027 | $3.6B | Reduce -28.5% |
| CMCSA Comcast Corp. Class A | 0.27% | 94,257,817 | $3.5B | Add +15.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 34,648,877 | $3.4B | Add +21.5% |
| COST Costco Wholesale Corp. | 0.26% | 3,610,063 | $3.4B | Add +2.5% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.26% | 55,390,875 | $3.4B | Reduce -6.6% |
| FISV Fiserv Inc. | 0.26% | 15,354,767 | $3.4B | Add +78.7% |
| IVE iShares S&P 500 Value ETF | 0.26% | 17,776,163 | $3.4B | Add +5.5% |
| MDT Medtronic PLC | 0.26% | 37,626,825 | $3.4B | Add +9.3% |
| CME Cme Group Inc. | 0.25% | 12,574,112 | $3.3B | Add +16.5% |
| DASH DoorDash Inc. Class A | 0.25% | 18,201,869 | $3.3B | Add +16.7% |
| VGT Vanguard Info Tech ETF | 0.25% | 6,125,779 | $3.3B | Add +6.2% |
| EOG EOG Resources Inc. | 0.25% | 25,864,035 | $3.3B | Add +2.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 7,029,656 | $3.3B | Add +30.9% |
| SPOT Spotify Technology SA | 0.25% | 5,980,727 | $3.3B | Add +1.3% |
| BSX Boston Scientific Corp. | 0.24% | 31,522,514 | $3.2B | Add +20.1% |
| HWM Howmet Aerospace Inc. | 0.24% | 24,450,547 | $3.2B | Add +21.1% |
| YUM Yum! Brands Inc. | 0.24% | 20,151,409 | $3.2B | Reduce -12.4% |
| RTX RTX Corp. | 0.24% | 23,274,461 | $3.1B | Add +49.3% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($5.4B), ISHARES TR puts ($3.8B), INVESCO QQQ TR puts ($2.6B), APPLE INC calls ($2.3B), ISHARES TR puts ($2.0B), STATE STR SPDR S&P 500 ETF T calls ($1.9B), MICROSOFT CORP calls ($1.9B), SPDR GOLD TR calls ($1.8B), ISHARES SILVER TR puts ($1.5B), ISHARES TR calls ($1.2B), META PLATFORMS INC puts ($1.2B), NVIDIA CORPORATION calls ($1.1B), and 885 more.
Other holdings (313): bonds, preferreds, convertibles and warrants · $2.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 246,107,000 | $245.1M | Add +197.0% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 73,086,000 | $70.0M | No change |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 24,012,000 | $59.4M | Add +114.8% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 56,079,000 | $50.0M | Add +70.7% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 44,972,000 | $47.5M | Add +38.7% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 36,702,000 | $44.6M | Reduce -15.3% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 43,987,000 | $43.1M | Add +28.8% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 37,033,917 | $41.4M | Reduce -25.0% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 35,601,000 | $37.8M | Add +35.3% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 25,627,000 | $35.7M | Reduce -11.4% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 31,289,000 | $30.9M | Reduce -2.4% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 27,361,000 | $30.7M | Add +2.4% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 24,495,000 | $29.4M | Reduce -1.9% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 30,649,000 | $28.9M | New |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 29,535,000 | $27.1M | Reduce -0.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 27,210,000 | $25.9M | Add +20.2% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 27,150,000 | $25.4M | Reduce -5.9% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 21,826,000 | $24.9M | Add +3.3% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 24,994,000 | $23.9M | Reduce -6.6% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 24,077,000 | $23.6M | Add +61.2% |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | NOTE 1.625% 2/1 · principal | 13,994,000 | $23.4M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 19,596,000 | $23.1M | Add +13.3% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 20,962,000 | $22.8M | Add +69.9% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 22,790,000 | $21.7M | Reduce -14.4% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 17,278 | $21.3M | Reduce -8.4% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 24,501,000 | $20.9M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 21,042,000 | $20.6M | Add +77.8% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 19,908,000 | $20.5M | Reduce -4.5% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 20,503,000 | $20.4M | Reduce -1.6% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 23,717,000 | $20.2M | Add +1.1% |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 20,668,000 | $20.1M | Add +63.1% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 485,328 | $19.7M | Reduce -13.8% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 17,479,000 | $19.1M | Add +2.9% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 15,229,000 | $18.9M | Reduce -6.0% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 19,265,000 | $18.7M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 19,065,000 | $18.5M | Reduce -8.7% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 17,749,000 | $18.2M | Reduce -2.3% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 18,720,000 | $18.0M | Reduce -0.7% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 17,611,000 | $17.3M | Add +5.7% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 14,111,000 | $17.2M | Reduce -20.2% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 18,806,000 | $17.0M | Reduce -5.7% |
| NOVA LTD (NVMI 0 10/15/25) | NOTE 10/1 · principal | 6,287,000 | $16.4M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 17,951,000 | $16.0M | Add +78.1% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 10,941,000 | $15.9M | Add +0.6% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 15,725,000 | $15.2M | Reduce -2.0% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 15,031,000 | $14.6M | Reduce -6.2% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 12,977,000 | $14.6M | Reduce -34.9% |
| SEMTECH CORP (SMTC 4 11/01/28) | NOTE 4.000%11/0 · principal | 5,450,000 | $13.1M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 13,182,000 | $13.0M | Add +175.9% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 12,719,000 | $12.4M | Add +13.5% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 14,188,000 | $12.3M | Add +145.6% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 4,368,000 | $11.7M | Add +172.0% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 55,564,000 | $11.7M | Add +3401.2% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 11,030,000 | $11.7M | Reduce -19.0% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 11,845,000 | $11.7M | Add +20.3% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 4,916,000 | $11.5M | Add +17457.1% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 11,274,000 | $11.4M | Add +48.0% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 10,504,000 | $11.2M | Add +35.7% |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 11,504,000 | $11.0M | Add +130.1% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 10,864,000 | $10.9M | Add +235.1% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 9,651,000 | $10.7M | Reduce -9.3% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 10,854,000 | $10.4M | Reduce -37.5% |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 10,433,000 | $10.3M | Reduce -8.0% |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 3,796,000 | $10.0M | Add +23625.0% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 33,909,651 | $9.8M | Reduce -4.4% |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | 7,895,000 | $9.4M | Reduce -11.2% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 6,855,000 | $9.4M | Reduce -6.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 9,657,000 | $9.1M | Reduce -57.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 7,063,000 | $9.0M | Add +102.3% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 4,251,000 | $8.8M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 6,530,000 | $8.7M | Add +14.8% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 8,377,000 | $8.4M | No change |
| OMNICELL INC (OMCL 0.25 09/15/25) | NOTE 0.250% 9/1 · principal | 8,500,000 | $8.3M | Add +8.9% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 7,983,000 | $8.3M | Add +25.6% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 8,242,000 | $8.2M | Reduce -68.2% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 9,500,000 | $8.2M | Reduce -64.8% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 6,335,000 | $8.1M | Add +17.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 158,206 | $8.0M | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 7,833,000 | $7.9M | Add +1602.8% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 8,473,000 | $7.9M | Reduce -15.8% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 130,269 | $7.8M | Reduce -65.5% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 7,542,000 | $7.8M | Add +24.6% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 8,077,000 | $7.6M | Reduce -4.1% |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 7,600,000 | $7.6M | Add +560.3% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 102,883 | $7.5M | Add +159.2% |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 26,617,000 | $7.3M | Add +12.7% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 8,246,000 | $7.3M | Reduce -34.5% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 7,601,000 | $7.2M | Add +123.4% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 5,606,000 | $7.1M | Reduce -37.8% |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | 7,133,000 | $7.1M | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 5,606,000 | $7.1M | Reduce -1.1% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 5,928,000 | $7.0M | Reduce -15.5% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 6,002,000 | $6.9M | New |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 5,144,000 | $6.8M | Add +18.6% |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 5,438,000 | $6.8M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 6,562,000 | $6.6M | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 143,605 | $6.5M | Reduce -0.8% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 5,550,000 | $6.4M | Add +29.9% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 7,500,000 | $6.4M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 5,175,000 | $6.2M | Reduce -20.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 6,243,000 | $6.1M | Reduce -47.3% |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 6,226,000 | $6.1M | Reduce -43.8% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 5,968,000 | $6.0M | Add +11.7% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 5,901,000 | $5.8M | Add +121.9% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 113,056 | $5.6M | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 101,557 | $5.6M | Add +35.7% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 3,905,000 | $5.5M | Add +29.7% |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 4,235,000 | $5.5M | No change |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 6,079,000 | $5.5M | Reduce -49.2% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 5,696,000 | $5.4M | Add +303.7% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 5,080,000 | $5.4M | Add +23.5% |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 6,876,000 | $5.3M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 5,150,000 | $5.2M | Add +47.5% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 5,064,000 | $5.1M | Add +150.7% |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | 2,828,000 | $5.1M | No change |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 4,741,000 | $5.1M | Add +70.5% |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 4,473,000 | $5.0M | Add +540.8% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 3,793,000 | $5.0M | Add +53.3% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 5,370,000 | $5.0M | Add +79.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 5,189,000 | $4.9M | Add +16.2% |
| ACCOLADE INC (ACCD 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 5,000,000 | $4.9M | Add +2740.9% |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 5,173,000 | $4.9M | Add +3.5% |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 2,064,000 | $4.9M | Reduce -56.3% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 5,061,000 | $4.9M | Reduce -77.9% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 4,459,000 | $4.8M | Reduce -45.6% |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 4,612,000 | $4.8M | Reduce -72.8% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 4,759,000 | $4.8M | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 5,330,000 | $4.7M | Add +4000.0% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 4,791,000 | $4.6M | Reduce -22.5% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 1,354,000 | $4.6M | Add +730.7% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 3,854,000 | $4.4M | Add +38.9% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 5,040,000 | $4.4M | Add +20.0% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 4,000,000 | $4.3M | Add +38.9% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 3,016,000 | $4.3M | No change |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 3,394,000 | $4.1M | Add +69.7% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 4,285,000 | $4.1M | Add +13.6% |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 1,637,000 | $4.0M | Reduce -73.4% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 4,229,000 | $3.9M | Add +45.5% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 60,430 | $3.6M | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 2,617,000 | $3.6M | Add +326.2% |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 1,132,000 | $3.6M | Add +5.5% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 2,108,000 | $3.6M | Reduce -41.9% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 3,803,000 | $3.5M | Reduce -42.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 96,806 | $3.5M | Reduce -26.1% |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 3,647,000 | $3.4M | Add +20.4% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 2,948,000 | $3.4M | Reduce -29.7% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 3,598,000 | $3.4M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 182,730 | $3.2M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 3,093,000 | $3.2M | Reduce -54.9% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 3,446,000 | $3.2M | Add +257.5% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 3,882,000 | $3.1M | Add +155.9% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 2,919,000 | $3.1M | Add +6.4% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 3,087,000 | $2.9M | Add +5952.9% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 3,105,000 | $2.9M | New |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 2,910,000 | $2.9M | Reduce -29.6% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 2,503,000 | $2.7M | Reduce -37.7% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 55,969 | $2.7M | Add +29.3% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 2,849,000 | $2.7M | Add +16.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 2,217 | $2.7M | Add +59.7% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 2,563,000 | $2.6M | Add +49.5% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 2,500,000 | $2.6M | Add +15.2% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 3,784,000 | $2.6M | Add +149.8% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 2,508,000 | $2.4M | Add +872.1% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 2,686,000 | $2.4M | Reduce -22.9% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,022,000 | $2.4M | Reduce -62.3% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 1,336,000 | $2.3M | New |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,800,000 | $2.3M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 2,138,000 | $2.3M | Reduce -2.5% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 2,571,000 | $2.2M | Add +222.6% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 2,092,000 | $2.2M | Add +8.2% |
| FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) | NOTE 5.500% 2/0 · principal | 2,000,000 | $2.1M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,708,000 | $2.0M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 2,183,000 | $1.9M | Reduce -62.4% |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 1,960,000 | $1.9M | New |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 1,909,000 | $1.9M | Reduce -15.2% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 2,500,000 | $1.9M | No change |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 2,000,000 | $1.8M | Reduce -37.0% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 1,671,000 | $1.8M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 2,052,000 | $1.7M | Add +18.7% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 1,581,000 | $1.7M | Add +283.7% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 1,941,000 | $1.7M | Reduce -65.1% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 25,937 | $1.7M | Reduce -11.9% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 1,384,000 | $1.7M | Reduce -66.3% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 1,422,000 | $1.5M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 1,382,000 | $1.5M | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 1,485,000 | $1.4M | New |
| BANDWIDTH INC (BAND 0.25 03/01/26) | NOTE 0.250% 3/0 · principal | 1,500,000 | $1.4M | No change |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 1,355,000 | $1.4M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 1,374,000 | $1.4M | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 1,599,000 | $1.3M | New |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 1,330,000 | $1.3M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 1,283,000 | $1.2M | Add +95.9% |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 691,000 | $1.2M | Add +183.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 66,946 | $1.1M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 968,000 | $1.1M | Reduce -78.6% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 1,065,000 | $1.1M | Add +51.5% |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | 403,000 | $982K | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 1,039,000 | $969K | Add +40.6% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 1,003,000 | $955K | Add +0.3% |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 7,968,000 | $946K | No change |
Largest 200 of 313 shown.
Lines left out (31) · $582 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BILZ PIMCO Ultra SHRT Govt Active | ULTR SH GO AC FD | 0 | $96 |
| VCRB Vanguard Core Bond ETF | CORE BD ETF | 0 | $67 |
| SPXL Direxion Daily S&P 500 Bull | DA 500 BU 3X ETF | 0 | $46 |
| QQQI Neos Nasdaq-100 High Inc. ETF | NASDAQ 100 HIGH | 0 | $43 |
| FXZ First Trust Materials Alphad | MATERIALS ALPH | 0 | $33 |
| BCD Abrdn Bloomberg All Commodit | BBRG ALL COMMDY | 0 | $32 |
| EYLD Cambria Emerg Shrhldr Yield | EMRG SHAREHLDR | 0 | $25 |
| VEGI iShares MSCI Agriculture Pro | MSCI AGR PRO ETF | 0 | $25 |
| BSJP Invesco Bulletshares 2025 HY | BULSHS 2025 HY | 0 | $23 |
| FTXG First Trust Nasdaq Food & Be | NASDQ FOD BVRG | 0 | $20 |
| OVT Overlay Shares SHRT Term Bon | OVERLAY SHS SHRT | 0 | $20 |
| XNOV FT Vest US Equity Enhance & | FT VEST U.S. | 0 | $18 |
| RBLD First Trust Alerian US Nextg | ALERIAN US NXTGN | 0 | $17 |
| CGSD Cap Group Short Duration | SHORT DURATION | 0 | $15 |
| ZJAN Innovator Edp ETF - 1Y Jan | EQUITY 1YR JANUA | 0 | $14 |
| EJUL Innovator Emerging Markets P | EMRGNG MKT JULY | 0 | $12 |
| MYN BlackRock Muniyield NY QLTY | COM | 0 | $10 |
| PMO Franklin Muncipl Opps Tst-Ui | SH BEN INT | 0 | $9 |
| CNRG SS SPDR S&P Kensho CLP ETF | SP KENSHO CLEAN | 0 | $9 |
| GMOM Cambria Global Momentum ETF | GLB MOMENT ETF | 0 | $8 |
| XRMMX Rvrnrth MGD Dur Muni Inc. | COM | 0 | $8 |
| OVLH Overlay SHRS HDG LRG Cap Eqy | OVERLAY SHARES | 0 | $6 |
| FYLD Cambria Foreign Shareholder | CAMBRIA FGN SHR | 0 | $5 |
| SPDN Dir DLY SP 500 BR 1X ETF-Usi | DAILY 500 1X ETF | 0 | $5 |
| FXN First Trust Energy Alphadex | ENERGY ALPHADX | 0 | $4 |
| TSI TCW Strategic Income Fund | COM | 0 | $4 |
| PFLD Aam Low Dur Pref & Inc. Sec | AAM LW DUR PFD | 0 | $3 |
| VFVA Vanguard U.S. Value Factor | US VALUE FACTR | 0 | $2 |
| XAODX Abrdn Total Dynamic Dividend | COM SH BEN INT | 0 | $1 |
| HELX Franklin Genomic Advancement | GENOMIC ADV ETF | 0 | $1 |
| GNOM Global X Genomics & Biotechn | GENOMIC BIOTECH | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.31T.
Portfolio Sells Q4 2024 → Q1 2025
| TSM Taiwan Semiconductor-SP ADR | Reduce -18.6% | 0.35% | −0.18 |
| HON Honeywell International Inc. | Reduce -28.5% | 0.27% | −0.15 |
| ORCL Oracle Corp. | Reduce -5.0% | 0.46% | −0.14 |
| MRVL Marvell Technology Inc. | Reduce -44.7% | 0.06% | −0.13 |
| REGN Regeneron Pharmaceuticals | Reduce -19.9% | 0.27% | −0.12 |
| ANET Arista Networks Inc. | Reduce -16.5% | 0.16% | −0.12 |
| UPS United Parcel Service Class B | Reduce -36.0% | 0.12% | −0.10 |
| CSX CSX Corp. | Reduce -28.8% | 0.17% | −0.10 |
| TTD Trade Desk Inc./the Class A | Reduce -13.7% | 0.06% | −0.10 |
| PYPL PayPal Holdings Inc. | Reduce -78.0% | 0.02% | −0.10 |
| BX Blackstone Inc. | Reduce -9.9% | 0.23% | −0.10 |
| ISRG Intuitive Surgical Inc. | Reduce -15.5% | 0.32% | −0.10 |
| XYZ Block Inc. | Reduce -71.3% | 0.02% | −0.10 |
| KKR KKR & Co. Inc. | Reduce -19.7% | 0.15% | −0.10 |
| DHI D.R. Horton Inc. | Reduce -20.4% | 0.16% | −0.07 |
| VRT Vertiv Holdings Co. Class A | Reduce -33.7% | 0.05% | −0.07 |
| MCHP Microchip Technology Inc. | Reduce -53.2% | 0.04% | −0.07 |
| PWR Quanta Services Inc. | Reduce -14.3% | 0.13% | −0.07 |
| BAC Bank of America Corp. | Reduce -2.7% | 0.53% | −0.07 |
| MS Morgan Stanley | Reduce -6.0% | 0.34% | −0.07 |
| ACN Accenture PLC Class A | Reduce -14.9% | 0.17% | −0.07 |
| ADI Analog Devices Inc. | Reduce -7.1% | 0.36% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -9.6% | 0.85% | −0.06 |
| MET Metlife Inc. | Reduce -70.7% | 0.02% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -22.5% | 0.13% | −0.06 |
| PPG PPG Industries Inc. | Reduce -49.1% | 0.04% | −0.05 |
| TFC Truist Financial Corp. | Reduce -25.2% | 0.11% | −0.05 |
| IVW iShares S&P 500 Growth ETF | Reduce -2.4% | 0.31% | −0.05 |
| WDC Western Digital Corp. | Reduce -14.9% | 0.06% | −0.05 |
| USB US Bancorp | Reduce -17.4% | 0.11% | −0.05 |
| MU Micron Technology Inc. | Reduce -20.7% | 0.17% | −0.04 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -0.8% | 0.86% | −0.04 |
| PCG P G & E Corp. | Reduce -4.1% | 0.16% | −0.04 |
| BSV Vanguard Short-Term Bond ETF | Reduce -24.4% | 0.12% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -4.4% | 0.19% | −0.04 |
| CRDO Credo Technology Group Holdi | Reduce -52.5% | 0.01% | −0.04 |
| BLK BlackRock Inc. | Reduce -22.5% | 0.08% | −0.04 |
| INFY Infosys Ltd.-SP ADR | Reduce -26.2% | 0.05% | −0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -53.2% | 0.03% | −0.04 |
| ON On Semiconductor | Reduce -18.4% | 0.03% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -1.2% | 0.33% | −0.03 |
| PNC PNC Financial Services Group | Reduce -12.7% | 0.11% | −0.03 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -33.4% | 0.06% | −0.03 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -60.4% | 0.02% | −0.03 |
| DLR Digital Realty Trust Inc. | Reduce -5.4% | 0.08% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -14.1% | 0.11% | −0.03 |
| GLOB Globant SA | Reduce -31.2% | 0.02% | −0.03 |
| APD Air Products & Chemicals Inc. | Reduce -14.9% | 0.14% | −0.03 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -86.6% | 0.00% | −0.03 |
| NOC Northrop Grumman Corp. | Reduce -23.1% | 0.11% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| V Visa Inc. Class A | Add +110.9% | 0.71% | +0.40 |
| WMT Walmart Inc. | Add +79.5% | 0.66% | +0.27 |
| JNJ Johnson & Johnson | Add +39.4% | 0.68% | +0.24 |
| PM Philip Morris International | Add +49.0% | 0.45% | +0.21 |
| IVV iShares Core S&P 500 ETF | Add +31.4% | 1.02% | +0.18 |
| AJG Arthur J Gallagher & Co. | Add +38.4% | 0.46% | +0.18 |
| MMM 3M Co. | Add +112.0% | 0.31% | +0.18 |
| IBM Intl Business Machines Corp. | Add +57.5% | 0.39% | +0.16 |
| META Meta Platforms Inc. Class A | Add +12.6% | 2.56% | +0.16 |
| XLF SS Financial Select Sector | Add +37.7% | 0.57% | +0.15 |
| LIN Linde PLC | Add +38.0% | 0.47% | +0.15 |
| ABBV Abbvie Inc. | Add +5.8% | 0.88% | +0.15 |
| BABA Alibaba Group Holding-SP ADR | Add +75.3% | 0.23% | +0.14 |
| MCD McDonald's Corp. | Add +14.6% | 0.89% | +0.14 |
| VOO Vanguard S&P 500 ETF | Add +23.9% | 1.15% | +0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.5% | 0.66% | +0.14 |
| FISV Fiserv Inc. | Add +78.7% | 0.26% | +0.12 |
| UNP Union Pacific Corp. | Add +57.0% | 0.30% | +0.11 |
| XOM Exxon Mobil Corp. | Add +5.2% | 0.87% | +0.09 |
| RTX RTX Corp. | Add +49.3% | 0.24% | +0.09 |
| PGR Progressive Corp. | Add +15.0% | 0.39% | +0.09 |
| ABT Abbott Laboratories | Add +13.5% | 0.40% | +0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Add +22.9% | 0.29% | +0.09 |
| SO The Southern Co. | Add +13.9% | 0.45% | +0.08 |
| AMT American Tower Corp. | Add +54.2% | 0.17% | +0.07 |
| BMY Bristol-Myers Squibb Co. | Add +12.5% | 0.50% | +0.07 |
| CVS CVS Health Corp. | Add +68.7% | 0.12% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +7.6% | 1.05% | +0.07 |
| SBUX Starbucks Corp. | Add +57.8% | 0.18% | +0.07 |
| HWM Howmet Aerospace Inc. | Add +21.1% | 0.24% | +0.07 |
| BKR Baker Hughes Co. | Add +18.1% | 0.33% | +0.06 |
| TWLO Twilio Inc. Class A | Add +470.2% | 0.07% | +0.06 |
| BSX Boston Scientific Corp. | Add +20.1% | 0.24% | +0.06 |
| NFLX Netflix Inc. | Add +7.9% | 0.70% | +0.06 |
| CME Cme Group Inc. | Add +16.5% | 0.25% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +46.2% | 0.15% | +0.06 |
| VGK Vanguard Ftse Europe ETF | Add +32.8% | 0.19% | +0.06 |
| MAR Marriott International Class A | Add +103.8% | 0.14% | +0.05 |
| SNOW Snowflake Inc. | Add +111.7% | 0.11% | +0.05 |
| KDP Keurig Dr Pepper Inc. | Add +108.1% | 0.10% | +0.05 |
| GILD Gilead Sciences Inc. | Add +97.5% | 0.09% | +0.05 |
| T AT&T Inc. | Add +35.2% | 0.14% | +0.05 |
| INTC Intel Corp. | Add +129.3% | 0.09% | +0.05 |
| ETR Entergy Corp. | Add +99.4% | 0.10% | +0.05 |
| AZO AutoZone Inc. | Add +7.1% | 0.27% | +0.05 |
| SYK Stryker Corp. | Add +16.7% | 0.36% | +0.05 |
| VGIT Vanguard Intermediate-Term T | Add +17.9% | 0.35% | +0.05 |
| CVX Chevron Corp. | Add +7.7% | 0.29% | +0.05 |
| CSCO Cisco Systems Inc. | Add +39.1% | 0.17% | +0.05 |
| CI The Cigna Group | Add +23.9% | 0.16% | +0.05 |
Options Activity Q4 2024 → Q1 2025
| STATE STR SPDR S&P 500 ETF T | put | Reduce -39.2% | 9,701,200 | $5.4B |
| ISHARES TR | put | Reduce -5.1% | 19,163,200 | $3.8B |
| INVESCO QQQ TR | put | Reduce -19.0% | 5,622,400 | $2.6B |
| APPLE INC | call | Reduce -1.8% | 10,316,300 | $2.3B |
| ISHARES TR | put | Add +116.6% | 24,950,900 | $2.0B |
| STATE STR SPDR S&P 500 ETF T | call | Add +12.2% | 3,371,700 | $1.9B |
| MICROSOFT CORP | call | Add +35.5% | 5,014,200 | $1.9B |
| SPDR GOLD TR | call | Reduce -15.6% | 6,086,700 | $1.8B |
| ISHARES SILVER TR | put | Add +20.3% | 49,023,100 | $1.5B |
| ISHARES TR | call | Reduce -6.0% | 7,732,000 | $1.2B |
| META PLATFORMS INC | put | Reduce -44.4% | 2,013,100 | $1.2B |
| NVIDIA CORPORATION | call | Add +1.4% | 10,218,000 | $1.1B |
| AMAZON COM INC | call | Add +11.4% | 5,235,000 | $996.0M |
| INVESCO QQQ TR | call | Add +205.6% | 2,030,900 | $952.3M |
| SPDR GOLD TR | put | Reduce -72.4% | 3,219,400 | $927.6M |
| MICROSOFT CORP | put | Add +139.2% | 2,142,000 | $804.1M |
| ISHARES TR | call | Add +199.3% | 9,842,200 | $776.5M |
| APPLE INC | put | Reduce -31.3% | 3,232,800 | $718.1M |
| ALPHABET INC | call | Reduce -10.7% | 4,195,900 | $648.9M |
| ISHARES TR | put | Add +30.9% | 16,102,000 | $643.7M |
| NVIDIA CORPORATION | put | Reduce -50.2% | 5,928,000 | $642.5M |
| SPDR SERIES TRUST | put | Reduce -10.8% | 10,021,700 | $586.7M |
| TAIWAN SEMICONDUCTOR MANUFAC | put | Reduce -62.9% | 2,933,300 | $486.9M |
| SELECT SECTOR SPDR TR | put | Reduce -58.0% | 9,724,800 | $484.4M |
| TESLA INC | put | Reduce -85.7% | 1,804,700 | $467.7M |
| ISHARES TR | call | Reduce -17.2% | 4,309,700 | $410.6M |
| ISHARES TR | put | Reduce -39.5% | 4,186,500 | $405.8M |
| ISHARES TR | call | Reduce -40.5% | 10,350,000 | $398.9M |
| META PLATFORMS INC | call | Reduce -28.2% | 648,100 | $373.5M |
| ALPHABET INC | call | Add +12.1% | 2,208,800 | $345.1M |
| BROADCOM INC | call | Add +43.3% | 2,013,100 | $337.1M |
| ELI LILLY & CO | put | Reduce -10.3% | 382,500 | $315.9M |
| ALPHABET INC | put | Reduce -16.8% | 2,002,400 | $312.8M |
| ALIBABA GROUP HLDG LTD | put | Add +30.5% | 2,334,100 | $308.6M |
| ISHARES SILVER TR | call | Add +7.9% | 9,178,600 | $284.4M |
| TESLA INC | call | Reduce -55.2% | 1,072,200 | $277.9M |
| BANK OF AMER CORP | put | Reduce -19.4% | 5,649,900 | $235.8M |
| SELECT SECTOR SPDR TR | call | Reduce -84.3% | 4,609,600 | $229.6M |
| GENERAL MTRS CO | put | Add +279.8% | 4,510,700 | $212.1M |
| INTEL CORP | put | Add +39.3% | 8,929,900 | $202.8M |
| AMAZON COM INC | put | Reduce -57.5% | 1,050,300 | $199.8M |
| APPLOVIN CORP | put | Add +580.5% | 732,900 | $194.2M |
| SNOWFLAKE INC | put | Add +1011.9% | 1,237,500 | $180.9M |
| STRATEGY INC | put | Add +621.4% | 621,100 | $179.0M |
| GE AEROSPACE | call | Reduce -5.7% | 881,350 | $176.4M |
| BANK OF AMER CORP | call | Reduce -16.9% | 4,138,300 | $172.7M |
| SALESFORCE INC | call | Reduce -22.7% | 642,500 | $172.4M |
| DELTA AIR LINES INC | call | Reduce -36.9% | 3,873,100 | $168.9M |
| SLB LIMITED | put | Add +354.3% | 3,868,000 | $161.7M |
| SPDR SERIES TRUST | call | Add +125.1% | 2,528,600 | $160.7M |
Showing the first 50 of 1,150.
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
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Add +197.0% | 246,107,000 | $245.1M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Add +114.8% | 24,012,000 | $59.4M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Add +70.7% | 56,079,000 | $50.0M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +38.7% | 44,972,000 | $47.5M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -15.3% | 36,702,000 | $44.6M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +28.8% | 43,987,000 | $43.1M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Reduce -25.0% | 37,033,917 | $41.4M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +35.3% | 35,601,000 | $37.8M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -11.4% | 25,627,000 | $35.7M |
| LIVE NATION ENTERTAINMEN (LYV 2 02/15/25) | NOTE 2.000% 2/1 · principal | Sold out | 28,548,000 | $35.4Mbefore exit |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -2.4% | 31,289,000 | $30.9M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Add +2.4% | 27,361,000 | $30.7M |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | Sold out | 13,245,000 | $29.7Mbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -1.9% | 24,495,000 | $29.4M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 30,649,000 | $28.9M |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Reduce -0.5% | 29,535,000 | $27.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +20.2% | 27,210,000 | $25.9M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Reduce -5.9% | 27,150,000 | $25.4M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +3.3% | 21,826,000 | $24.9M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -6.6% | 24,994,000 | $23.9M |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | Add +61.2% | 24,077,000 | $23.6M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +13.3% | 19,596,000 | $23.1M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Add +69.9% | 20,962,000 | $22.8M |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | Reduce -14.4% | 22,790,000 | $21.7M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -8.4% | 17,278 | $21.3M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | New | 24,501,000 | $20.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +77.8% | 21,042,000 | $20.6M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Reduce -4.5% | 19,908,000 | $20.5M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Reduce -1.6% | 20,503,000 | $20.4M |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | Add +1.1% | 23,717,000 | $20.2M |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Add +63.1% | 20,668,000 | $20.1M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -13.8% | 485,328 | $19.7M |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | Add +2.9% | 17,479,000 | $19.1M |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | Reduce -6.0% | 15,229,000 | $18.9M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | New | 19,265,000 | $18.7M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Reduce -8.7% | 19,065,000 | $18.5M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -2.3% | 17,749,000 | $18.2M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Reduce -0.7% | 18,720,000 | $18.0M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Add +5.7% | 17,611,000 | $17.3M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -20.2% | 14,111,000 | $17.2M |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | Reduce -5.7% | 18,806,000 | $17.0M |
| NOVA LTD (NVMI 0 10/15/25) | NOTE 10/1 · principal | New | 6,287,000 | $16.4M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +78.1% | 17,951,000 | $16.0M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +0.6% | 10,941,000 | $15.9M |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | Reduce -2.0% | 15,725,000 | $15.2M |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | Reduce -6.2% | 15,031,000 | $14.6M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Reduce -34.9% | 12,977,000 | $14.6M |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | Sold out | 14,504,000 | $14.4Mbefore exit |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +175.9% | 13,182,000 | $13.0M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Add +13.5% | 12,719,000 | $12.4M |
Showing the first 50 of 311.
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 | 6,485 | $1.71T | NVDA, AAPL, MSFT, GOOG, AMZN |
| Q1 2026Amended | 6,189 | $1.47T | NVDA, AAPL, MSFT, AMZN, GOOG |
| Q4 2025 | 6,018 | $1.48T | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q3 2025Amended | 5,984 | $1.57T | NVDA, MSFT, AAPL, META, AMZN |
| Q2 2025 | 5,800 | $1.45T | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025 | 6,055 | $1.31T | MSFT, NVDA, AAPL, AMZN, META |
| Q4 2024 | 5,970 | $1.26T | MSFT, NVDA, AAPL, AMZN, SPY |
| Q3 2024Amended | 6,007 | $1.25T | MSFT, NVDA, AAPL, AMZN, SPY |
| Q2 2024Amended | 5,979 | $1.16T | MSFT, NVDA, AAPL, AMZN, SPY |
| Q1 2024Amended | 6,028 | $1.12T | MSFT, NVDA, SPY, AMZN, AAPL |