JPMorgan Chase & Co.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), JPMorgan Chase & Co. reported 6,018 stock positions worth $1.48 trillion. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Apple (AAPL, 4.1%). Compared with Q3 2025, it opened 402 new positions, sold out of 373, added to 2,201 and reduced 3,035. The biggest buy was Alphabet Class C (GOOG, shares +1%) and the biggest sale Meta Platforms Class A (META, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000019617
- Portfolio Value
- $1.48T (Q4 2025)
- SEC Filing
- 0000019617-26-000083 ↗ filed Feb 11, 2026
Holdings Value
Holdings 6,018 stocks · $1.48T
| NVDA Nvidia Corp. | 5.73% | 456,141,138 | $85.1B | Reduce -6.7% |
| MSFT Microsoft Corp. | 4.82% | 147,759,850 | $71.5B | Reduce -7.0% |
| AAPL Apple Inc. | 4.13% | 225,419,111 | $61.3B | Reduce -4.8% |
| AMZN Amazon.com Inc. | 2.49% | 160,046,290 | $36.9B | Reduce -12.4% |
| AVGO Broadcom Inc. | 2.19% | 93,758,850 | $32.4B | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 2.13% | 100,602,893 | $31.6B | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.05% | 44,560,422 | $30.4B | Reduce -10.3% |
| META Meta Platforms Inc. Class A | 1.95% | 43,855,509 | $28.9B | Reduce -19.9% |
| GOOGL Alphabet Inc. Class A | 1.36% | 64,654,741 | $20.2B | Reduce -7.5% |
| TSLA Tesla Inc. | 1.35% | 44,591,616 | $20.1B | Reduce -0.1% |
| MA Mastercard Inc. Class A | 1.20% | 31,214,224 | $17.8B | Reduce -0.6% |
| LLY Eli Lilly & Co. | 0.94% | 12,997,946 | $14.0B | Add +26.6% |
| BNDX Vanguard Total Intl Bond ETF | 0.90% | 275,788,372 | $13.3B | Add +9.3% |
| WMT Walmart Inc. | 0.87% | 115,433,639 | $12.9B | Reduce -1.0% |
| WFC Wells Fargo & Co. | 0.82% | 130,851,080 | $12.2B | Reduce -9.9% |
| JNJ Johnson & Johnson | 0.82% | 58,558,238 | $12.1B | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.81% | 52,393,323 | $12.0B | Reduce -7.3% |
| BND Vanguard Total Bond Market | 0.70% | 139,629,587 | $10.3B | Add +6.3% |
| MCD McDonald's Corp. | 0.65% | 31,782,233 | $9.7B | Reduce -7.1% |
| BBJP JPMorgan Betabuilders Japan | 0.61% | 137,080,238 | $9.0B | Add +0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.60% | 161,572,280 | $8.9B | Reduce -11.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.59% | 76,580,070 | $8.7B | Add +13.1% |
| LOW Lowe's Cos Inc. | 0.59% | 36,066,219 | $8.7B | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 0.57% | 70,376,165 | $8.5B | Reduce -6.2% |
| NEE Nextera Energy Inc. | 0.55% | 102,036,629 | $8.2B | Add +5.2% |
| ORCL Oracle Corp. | 0.54% | 41,223,455 | $8.0B | Reduce -16.8% |
| AXP American Express Co. | 0.52% | 21,032,958 | $7.8B | Reduce -5.2% |
| INTU Intuit Inc. | 0.52% | 11,709,784 | $7.8B | Add +10.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.52% | 25,182,540 | $7.7B | Add +2.8% |
| IVV iShares Core S&P 500 ETF | 0.51% | 11,094,121 | $7.6B | Reduce -49.8% |
| VOO Vanguard S&P 500 ETF | 0.49% | 11,688,493 | $7.3B | Reduce -57.1% |
| MMM 3M Co. | 0.49% | 45,554,373 | $7.3B | Add +0.2% |
| GS Goldman Sachs Group Inc. | 0.47% | 7,874,962 | $6.9B | Add +12.5% |
| BBCA JPMorgan Betabuilders Canada | 0.47% | 74,270,039 | $6.9B | Reduce -0.4% |
| BBEU JPMorgan Betabuilders Europe | 0.45% | 91,996,902 | $6.7B | Add +159.3% |
| SCHW Schwab (charles) Corp. | 0.45% | 67,190,915 | $6.7B | Add +10.9% |
| PM Philip Morris International | 0.45% | 41,711,363 | $6.7B | Reduce -11.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 12,883,585 | $6.5B | Add +2.4% |
| TT Trane Technologies PLC | 0.43% | 16,436,623 | $6.4B | Add +5.9% |
| MS Morgan Stanley | 0.43% | 35,714,453 | $6.3B | Reduce -4.5% |
| PLTR Palantir Technologies Inc. Class A | 0.43% | 35,575,332 | $6.3B | Add +2.6% |
| ADI Analog Devices Inc. | 0.41% | 22,468,677 | $6.1B | Add +1.4% |
| BKNG Booking Holdings Inc. | 0.40% | 1,119,516 | $6.0B | Reduce -3.6% |
| NFLX Netflix Inc. | 0.40% | 63,535,182 | $6.0B | Reduce -28.8% |
| RTX RTX Corp. | 0.40% | 32,110,396 | $5.9B | Add +6.5% |
| NOW ServiceNow Inc. | 0.39% | 37,856,728 | $5.8B | Reduce -4.2% |
| ETN Eaton Corp. PLC | 0.39% | 18,179,197 | $5.8B | Reduce -5.4% |
| HWM Howmet Aerospace Inc. | 0.38% | 27,727,872 | $5.7B | Reduce -3.5% |
| UNH Unitedhealth Group Inc. | 0.38% | 17,199,093 | $5.7B | Reduce -7.3% |
| JPST JPMorgan Ultra-Short Income | 0.36% | 106,472,614 | $5.4B | Add +10.1% |
| SO The Southern Co. | 0.36% | 61,770,419 | $5.4B | Reduce -11.5% |
| SHOP Shopify Inc. Class A | 0.36% | 33,418,297 | $5.4B | Reduce -1.6% |
| XLF SS Financial Select Sector | 0.36% | 96,377,795 | $5.3B | Reduce -27.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.35% | 104,551,572 | $5.3B | Add +5.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.35% | 20,313,249 | $5.3B | Reduce -0.1% |
| V Visa Inc. Class A | 0.35% | 14,732,679 | $5.2B | Reduce -5.4% |
| MDT Medtronic PLC | 0.35% | 53,616,694 | $5.2B | Add +2.7% |
| IVW iShares S&P 500 Growth ETF | 0.34% | 40,710,202 | $5.0B | Reduce -1.5% |
| DHR Danaher Corp. | 0.33% | 21,585,526 | $4.9B | Add +15.8% |
| TXN Texas Instruments Inc. | 0.33% | 28,324,885 | $4.9B | Add +4.3% |
| KO The Coca-Cola Co. | 0.33% | 70,044,259 | $4.9B | Reduce -20.2% |
| VGT Vanguard Info Tech ETF | 0.33% | 6,420,110 | $4.8B | Add +4.1% |
| APP AppLovin Corp. Class A | 0.32% | 7,053,011 | $4.8B | Reduce -8.2% |
| BBAX JPMorgan Betabuilders Develo | 0.32% | 83,723,892 | $4.7B | Add +2.8% |
| APH Amphenol Corp. Class A | 0.31% | 34,325,148 | $4.6B | Add +102.7% |
| VGIT Vanguard Intermediate-Term T | 0.31% | 77,294,138 | $4.6B | Add +7.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.30% | 15,203,455 | $4.5B | Reduce -9.2% |
| GOVT iShares US Treasury Bond ETF | 0.30% | 195,076,828 | $4.5B | Add +366.1% |
| AMD Advanced Micro Devices | 0.30% | 20,911,889 | $4.5B | Add +54.2% |
| DE Deere & Co. | 0.30% | 9,612,147 | $4.5B | Reduce -15.3% |
| NXPI NXP Semiconductors NV | 0.30% | 20,378,690 | $4.4B | Reduce -15.0% |
| JIRE JPMorgan Int Res Enh Eqty | 0.29% | 57,617,571 | $4.3B | Reduce -6.1% |
| JGLO JPMorgan GLBL SLCT Eq ETF | 0.29% | 63,657,812 | $4.3B | Reduce -10.6% |
| VCIT Vanguard Int-Term Corporate | 0.29% | 51,306,322 | $4.3B | Reduce -3.7% |
| SYK Stryker Corp. | 0.29% | 12,145,114 | $4.3B | Add +1.7% |
| PEP Pepsico Inc. | 0.29% | 29,594,502 | $4.2B | Reduce -6.4% |
| GEV GE Vernova Inc. | 0.28% | 6,344,431 | $4.1B | Add +10.4% |
| COF Capital One Financial Corp. | 0.28% | 16,904,366 | $4.1B | Reduce -2.1% |
| BBIN JPM Betabuilders Intl Eqty filed as J P MORGAN EXCHANGE TRADED F | 0.27% | 56,233,619 | $4.1B | Reduce -0.1% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 75,367,653 | $4.1B | Reduce -12.6% |
| INSM Insmed Inc. | 0.27% | 23,199,512 | $4.0B | Add +0.7% |
| LRCX Lam Research Corp. | 0.27% | 23,508,596 | $4.0B | Reduce -21.5% |
| IVE iShares S&P 500 Value ETF | 0.27% | 18,748,246 | $4.0B | Add +4.6% |
| BKR Baker Hughes Co. | 0.27% | 86,829,486 | $4.0B | Reduce -15.7% |
| HOOD Robinhood Markets Inc. Class A | 0.27% | 34,957,401 | $4.0B | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 6,611,878 | $3.8B | Reduce -9.1% |
| LIN Linde PLC | 0.25% | 8,868,159 | $3.8B | Reduce -1.7% |
| MU Micron Technology Inc. | 0.25% | 13,153,699 | $3.8B | Reduce -24.8% |
| VGK Vanguard Ftse Europe ETF | 0.25% | 44,594,011 | $3.7B | Add +11.7% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 11,737,824 | $3.6B | Add +3.7% |
| EOG EOG Resources Inc. | 0.24% | 33,947,001 | $3.6B | Add +3.0% |
| IWF iShares Russell 1000 Growth | 0.24% | 7,496,501 | $3.5B | Add +0.9% |
| PGR Progressive Corp. | 0.24% | 15,510,170 | $3.5B | Reduce -15.4% |
| MDLZ Mondelez International Inc. Class A | 0.23% | 63,105,404 | $3.4B | Reduce -9.3% |
| MBB iShares MBS ETF | 0.23% | 35,090,359 | $3.3B | Reduce -32.1% |
| IEF iShares 7-10 Year Treasury B | 0.22% | 34,189,868 | $3.3B | Add +28.1% |
| MINT PIMCO Enhanced Short Maturit | 0.22% | 32,615,613 | $3.3B | Add +4.4% |
| FIS Fidelity National Info Serv | 0.22% | 49,055,129 | $3.3B | Add +8.9% |
| IEMG iShares Core MSCI Emerging | 0.22% | 48,001,963 | $3.2B | Add +3.5% |
| BABA Alibaba Group Holding-SP ADR | 0.21% | 21,647,160 | $3.2B | Add +28.0% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($17.2B), SPDR GOLD TR calls ($5.6B), ISHARES SILVER TR puts ($4.3B), STATE STR SPDR S&P 500 ETF T calls ($4.2B), NVIDIA CORPORATION calls ($4.1B), INVESCO QQQ TR calls ($4.0B), INVESCO QQQ TR puts ($3.7B), ISHARES TR puts ($3.7B), SPDR GOLD TR puts ($3.6B), APPLE INC calls ($2.8B), MICROSOFT CORP calls ($2.8B), ISHARES TR puts ($2.3B), and 1025 more.
Other holdings (323): bonds, preferreds, convertibles and warrants · $2.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 40,800,000 | $63.4M | Reduce -24.6% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 48,751,000 | $62.4M | Add +4.7% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 17,637,689 | $59.8M | Reduce -37.3% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 48,552,000 | $57.9M | Add +2.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 36,963,000 | $49.3M | Add +26.1% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 46,036,000 | $49.2M | Add +1.6% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 47,249,000 | $46.7M | Add +1161.3% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 38,914,000 | $42.6M | Reduce -0.8% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 28,939,000 | $37.6M | Reduce -18.9% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 22,430,000 | $33.5M | Reduce -13.0% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 25,373,000 | $32.4M | Add +14.2% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 34,035,000 | $32.4M | Add +21.3% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 34,634,000 | $31.1M | Add +14.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 29,965,000 | $31.1M | Reduce -14.7% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 28,848,000 | $29.7M | Reduce -1.9% |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 30,590,000 | $29.4M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 30,072,000 | $29.2M | Add +927.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 19,824,000 | $28.8M | Add +8.6% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 27,243,000 | $28.7M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 28,157,000 | $28.3M | Add +24.7% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 29,733,000 | $28.3M | Add +5.0% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 28,250,000 | $27.9M | Reduce -7.2% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 16,552,000 | $27.6M | Reduce -34.6% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 20,929,000 | $26.5M | Add +7.7% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 25,787,000 | $25.6M | Reduce -2.5% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 24,612,000 | $25.2M | Add +7.2% |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | NOTE 1.625% 2/1 · principal | 13,994,000 | $24.9M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 24,586,000 | $24.3M | Add +46.1% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 22,099,000 | $23.8M | Reduce -1.7% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 22,783,000 | $23.1M | Reduce -0.2% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 27,177,000 | $22.6M | Reduce -14.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 25,470,000 | $22.3M | Add +10.9% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 21,952,000 | $22.2M | Add +32.0% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 19,676,000 | $21.6M | Add +15.2% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 20,935,000 | $20.9M | Add +1278.2% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 22,860,000 | $20.6M | Reduce -8.9% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 17,256,000 | $20.4M | Add +680.8% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 20,980,000 | $20.2M | Add +32.5% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 20,499,000 | $19.9M | Add +0.0% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 18,599,000 | $18.4M | Reduce -0.0% |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 18,662,000 | $18.2M | Add +207.5% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 14,477 | $18.1M | Add +4.8% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 19,492,000 | $17.9M | Reduce -44.8% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 310,952 | $17.1M | New |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 13,009,000 | $16.7M | Add +40.4% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 17,859,000 | $16.5M | Add +15.8% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 13,374,000 | $16.5M | Add +19.6% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 13,573,000 | $16.1M | Add +17.1% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 14,411,000 | $15.8M | Add +7.1% |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 16,328,000 | $15.6M | Reduce -12.1% |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 15,502,000 | $15.5M | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 6,759,000 | $15.5M | No change |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 13,849,000 | $15.5M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 12,259,000 | $15.5M | Add +107.8% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 15,342,000 | $15.0M | Add +26.3% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 15,255,000 | $14.8M | Reduce -0.1% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 14,604,000 | $14.6M | Reduce -25.5% |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 14,623,000 | $14.3M | Reduce -12.5% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 11,949,000 | $14.0M | Reduce -18.6% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 14,528,000 | $13.8M | Add +1.4% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 13,239,000 | $13.7M | Add +2.5% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 9,970,000 | $13.6M | Add +1545.2% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 11,476,000 | $13.6M | Add +126.0% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 7,904,000 | $13.0M | Reduce -41.1% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 13,204,000 | $12.9M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 11,961,000 | $12.8M | Add +58.4% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 13,457,000 | $12.5M | Add +62.5% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 10,655,000 | $12.4M | Reduce -0.6% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 12,031,000 | $12.4M | Add +58.6% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 9,687,000 | $11.8M | Add +39.9% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 10,236,000 | $11.7M | Add +27.2% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 8,257,000 | $11.7M | Add +43.5% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 8,793,000 | $11.7M | Reduce -60.2% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 11,733,000 | $11.6M | Reduce -13.8% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 12,168,000 | $10.7M | Add +51.8% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 10,487,000 | $10.5M | Reduce -27.0% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 10,262,000 | $10.2M | Reduce -44.9% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 9,999,000 | $10.0M | Add +18.4% |
| ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) | NOTE 4.250%11/1 · principal | 6,614,000 | $9.8M | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 199,819 | $9.7M | Add +31.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 3,247,000 | $9.7M | Reduce -62.3% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 9,862,000 | $9.1M | Add +0.3% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 8,703,000 | $8.8M | Reduce -36.7% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 8,758,000 | $8.7M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 166,115 | $8.6M | Add +85.1% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 8,896,000 | $8.5M | Reduce -33.0% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 8,377,000 | $8.4M | No change |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 7,447,000 | $8.2M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 7,217,000 | $7.9M | Reduce -29.7% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 5,073,000 | $7.8M | Reduce -28.6% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 8,462,000 | $7.8M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 130,886 | $7.8M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 8,672,000 | $7.7M | Add +122.6% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 7,380,000 | $7.3M | Add +0.0% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 7,962,000 | $7.1M | Reduce -4.4% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 104,801 | $7.0M | Add +192.8% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 6,913,000 | $6.9M | Add +0.1% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 6,552,000 | $6.8M | Reduce -42.1% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 5,830,000 | $6.6M | Add +207.5% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 3,498,000 | $6.6M | Add +1069.9% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 6,220,000 | $6.6M | New |
| WORKIVA INC (WK 1.125 08/15/26) | NOTE 1.125% 8/1 · principal | 5,438,000 | $6.6M | No change |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 3,870,000 | $6.5M | Reduce -1.6% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 5,510,000 | $6.2M | Add +506.2% |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 3,000,000 | $6.0M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 6,052,000 | $5.9M | Add +6.5% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 5,183,000 | $5.8M | Add +140.4% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 5,860,000 | $5.8M | No change |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 6,033,000 | $5.7M | Add +107.6% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 5,768,000 | $5.7M | Reduce -15.3% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 3,917,000 | $5.6M | New |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 5,463,000 | $5.5M | Add +0.0% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 93,200 | $5.4M | Add +627.2% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 5,652,000 | $5.4M | Reduce -33.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 1,380,000 | $5.1M | Reduce -56.6% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 5,554,000 | $5.1M | Reduce -17.2% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 4,620,000 | $5.1M | Reduce -42.5% |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 5,064,000 | $5.0M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 5,586,000 | $5.0M | Reduce -21.0% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 5,122,000 | $5.0M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 5,065,000 | $4.9M | Reduce -7.7% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 63,744 | $4.8M | Reduce -39.4% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 4,983,000 | $4.8M | Reduce -31.2% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 86,764 | $4.8M | Add +438.7% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 4,759,000 | $4.8M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 4,146,000 | $4.7M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 883,000 | $4.7M | Reduce -81.7% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 4,810,000 | $4.6M | Add +6.7% |
| IREN LTD (IREN 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 1,839,000 | $4.5M | New |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 3,333,000 | $4.5M | No change |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 2,518,000 | $4.4M | No change |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 4,493,000 | $4.4M | Reduce -0.0% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 2,700,000 | $4.3M | Reduce -23.1% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 4,210,000 | $4.2M | Reduce -51.5% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 4,176,000 | $4.2M | Reduce -59.8% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 2,206,000 | $3.8M | New |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,798,000 | $3.7M | No change |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 3,848,000 | $3.7M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 189,025 | $3.6M | No change |
| SILVERCORP METALS INC | NOTE 4.750%12/1 · principal | 1,737,000 | $3.6M | New |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 60,430 | $3.5M | No change |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 3,536,000 | $3.5M | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,373,000 | $3.4M | Add +18.2% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 1,209,000 | $3.1M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 2,216,000 | $3.1M | Add +383.8% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 2,545,000 | $2.9M | Add +2.0% |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 47,974,520 | $2.9M | Add +2.6% |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 3,232,000 | $2.8M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 2,706,000 | $2.8M | Add +9.8% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 2,210,000 | $2.8M | Reduce -81.0% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 1,022,000 | $2.7M | Reduce -16.4% |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 2,680,000 | $2.7M | Add +97.8% |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 2,470,000 | $2.6M | No change |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 949,000 | $2.4M | Add +284.2% |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 48,247 | $2.4M | New |
| T1 ENERGY INC (TE 5.25 12/01/30) | NOTE 5.250%12/0 · principal | 1,750,000 | $2.3M | New |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 36,034,000 | $2.2M | Add +8.0% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 2,200,000 | $2.2M | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 1,379,000 | $2.1M | Add +1645.6% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 2,034,000 | $2.0M | Add +40.5% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 595,000 | $2.0M | Reduce -94.6% |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 2,184,000 | $2.0M | Add +74.9% |
| CELCUITY INC (CELC 2.75 08/01/31) | NOTE 2.750% 8/0 · principal | 903,000 | $2.0M | Reduce -61.7% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 1,999,000 | $1.9M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 1,203,000 | $1.8M | Reduce -63.6% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 1,111,000 | $1.8M | Reduce -49.7% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 1,235,000 | $1.8M | Add +24.9% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 1,773,000 | $1.7M | Reduce -43.6% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 21,251 | $1.7M | Reduce -49.9% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 1,702,000 | $1.7M | Add +1536.5% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 1,985,000 | $1.6M | Reduce -30.5% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 1,748,000 | $1.6M | Add +79.7% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,389,000 | $1.6M | Reduce -74.1% |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 1,398,000 | $1.6M | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 1,701,000 | $1.5M | New |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 1,883,000 | $1.5M | New |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 1,570,000 | $1.5M | Reduce -24.0% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 1,592,000 | $1.5M | No change |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 1,365,000 | $1.5M | Reduce -67.5% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,183,000 | $1.5M | Reduce -75.4% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 962,000 | $1.4M | Add +149.9% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 20,883 | $1.4M | Reduce -84.1% |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | 1,360,000 | $1.4M | Reduce -27.1% |
| BANDWIDTH INC (BAND 0.25 03/01/26) | NOTE 0.250% 3/0 · principal | 1,500,000 | $1.4M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 1,309,000 | $1.3M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 25,416 | $1.3M | Reduce -43.5% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 1,330,000 | $1.3M | New |
| CENTRUS ENERGY CORP (LEU 2.25 11/01/30) | NOTE 2.250%11/0 · principal | 455,000 | $1.2M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 1,342,000 | $1.2M | Reduce -62.4% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 1,318,000 | $1.2M | Add +16375.0% |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 691,000 | $1.2M | No change |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 631,000 | $1.2M | New |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 1,105,000 | $1.1M | Reduce -14.1% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 1,233,000 | $1.1M | Reduce -27.8% |
| BEYOND MEAT INC (BYND 7 10/15/30) | DEBT 10/1 · principal | 1,403,000 | $1.1M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 1,060,000 | $1.1M | Add +39.5% |
| OPKO HEALTH INC (OPK 3.75 01/15/29) | NOTE 3.750% 1/1 · principal | 734,000 | $1.1M | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 21,590 | $1.1M | Reduce -73.4% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 1,076,000 | $1.1M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 918,000 | $1.0M | Reduce -77.6% |
Largest 200 of 323 shown.
Lines left out (28) · $526 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| VCRB Vanguard Core Bond ETF | CORE BD ETF | 0 | $68 |
| CWS Advisorshares Equity Focused | ADVISORSHS ETF | 0 | $41 |
| FXZ First Trust Materials Alphad | MATERIALS ALPH | 0 | $39 |
| EYLD Cambria Emerg Shrhldr Yield | EMRG SHAREHLDR | 0 | $30 |
| BCD Abrdn Bloomberg All Commodit | BBRG ALL COMMDY | 0 | $29 |
| VEGI iShares MSCI Agriculture Pro | MSCI AGR PRO ETF | 0 | $27 |
| EBIZ Global X E-Commerce ETF | E COMMERCE ETF | 0 | $25 |
| FTXN First Trust Nasdaq Oil & Gas | NASDQ OIL GAS | 0 | $24 |
| CNRG SS SPDR S&P Kensho CLP ETF | SP KENSHO CLEAN | 0 | $24 |
| EJUL Innovator Emerging Markets P | EMRGNG MKT JULY | 0 | $21 |
| FBOT Fidelity Disrupt Automat ETF | DISRU AUTOM ETF | 0 | $19 |
| FDNI First Trust Dow Jones Intl | DJ INTL INTRNT | 0 | $19 |
| RBLD First Trust Alerian US Nextg | ALERIAN US NXTGN | 0 | $19 |
| FTXG First Trust Nasdaq Food & Be | NASDQ FOD BVRG | 0 | $18 |
| CGSD Cap Group Short Duration | SHORT DURATION | 0 | $15 |
| FYEE Fidelity YLD Enhan Eqty ETF | YIEL ENH EQU ETF | 0 | $14 |
| FAAR First Trust Alt Abs Ret ETF | ALT ABSLT STRG | 0 | $14 |
| ZALT Innovator US Eq 10 Buffer | U S EQ 10 BUFFER | 0 | $13 |
| DFVX Dim US Large Cap Vector ETF | US LARG VECT ETF | 0 | $12 |
| GMOM Cambria Global Momentum ETF | GLB MOMENT ETF | 0 | $9 |
| FRI First Trust S&P REIT Index F | COM | 0 | $8 |
| VKI Invesco Adv Muni Inc. TR II | SH BEN INT | 0 | $8 |
| ISMD Inspire Small/Mid Cap ETF | INSPIRE SML/ MID | 0 | $8 |
| PTBD Pacer Trendpilot US Bond ETF | TRENDPILOT US BD | 0 | $8 |
| XRMMX Rvrnrth MGD Dur Muni Inc. | COM | 0 | $6 |
| TSI TCW Strategic Income Fund | COM | 0 | $4 |
| PFLD Aam Low Dur Pref & Inc. Sec | AAM LW DUR PFD | 0 | $3 |
| HELX Franklin Genomic Advancement | GENOMIC ADV ETF | 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: $1.49T.
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -19.9% | 1.95% | −0.61 |
| VOO Vanguard S&P 500 ETF | Reduce -57.1% | 0.49% | −0.57 |
| IVV iShares Core S&P 500 ETF | Reduce -49.8% | 0.51% | −0.43 |
| MSFT Microsoft Corp. | Reduce -7.0% | 4.82% | −0.43 |
| ORCL Oracle Corp. | Reduce -16.8% | 0.54% | −0.35 |
| NFLX Netflix Inc. | Reduce -28.8% | 0.40% | −0.28 |
| UBER Uber Technologies Inc. | Reduce -56.9% | 0.09% | −0.14 |
| DASH DoorDash Inc. Class A | Reduce -25.2% | 0.21% | −0.11 |
| XLF SS Financial Select Sector | Reduce -27.6% | 0.36% | −0.10 |
| SE Sea Ltd.-ADR | Reduce -13.2% | 0.18% | −0.10 |
| MELI MercadoLibre Inc. | Reduce -27.8% | 0.17% | −0.09 |
| MBB iShares MBS ETF | Reduce -32.1% | 0.23% | −0.09 |
| HD Home Depot Inc. | Reduce -26.6% | 0.16% | −0.08 |
| NVDA Nvidia Corp. | Reduce -6.7% | 5.73% | −0.08 |
| CRM Salesforce Inc. | Reduce -49.8% | 0.12% | −0.08 |
| STX Seagate Technology Holdings | Reduce -49.8% | 0.13% | −0.08 |
| ANET Arista Networks Inc. | Reduce -39.1% | 0.10% | −0.07 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -51.7% | 0.08% | −0.07 |
| NOW ServiceNow Inc. | Reduce -4.2% | 0.39% | −0.07 |
| RBLX Roblox Corp. Class A | Reduce -2.0% | 0.11% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -12.4% | 2.49% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -5.4% | 0.39% | −0.07 |
| BX Blackstone Inc. | Reduce -19.9% | 0.21% | −0.06 |
| ABT Abbott Laboratories | Reduce -24.5% | 0.19% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -10.3% | 2.05% | −0.06 |
| USFR Wisdomtree Floating Rate Tre | Reduce -95.5% | 0.00% | −0.06 |
| PANW Palo Alto Networks Inc. | Reduce -27.0% | 0.14% | −0.06 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -43.3% | 0.12% | −0.06 |
| XBI SS SPDR S&P Biotech ETF | Reduce -75.9% | 0.03% | −0.06 |
| SO The Southern Co. | Reduce -11.5% | 0.36% | −0.06 |
| BKR Baker Hughes Co. | Reduce -15.7% | 0.27% | −0.05 |
| IWM iShares Russell 2000 ETF | Reduce -47.1% | 0.07% | −0.05 |
| PGR Progressive Corp. | Reduce -15.4% | 0.24% | −0.05 |
| NXPI NXP Semiconductors NV | Reduce -15.0% | 0.30% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -9.3% | 0.23% | −0.05 |
| AJG Arthur J Gallagher & Co. | Reduce -0.1% | 0.35% | −0.05 |
| PH Parker Hannifin Corp. | Reduce -63.4% | 0.04% | −0.05 |
| DHI D.R. Horton Inc. | Reduce -34.5% | 0.07% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -18.0% | 0.20% | −0.05 |
| LNG Cheniere Energy Inc. | Reduce -41.4% | 0.05% | −0.04 |
| MSTR Strategy Inc. | Reduce -79.0% | 0.01% | −0.04 |
| NSC Norfolk Southern Corp. | Reduce -47.4% | 0.05% | −0.04 |
| SPOT Spotify Technology SA | Reduce -25.4% | 0.08% | −0.04 |
| AMP Ameriprise Financial Inc. | Reduce -32.1% | 0.11% | −0.04 |
| T AT&T Inc. | Reduce -20.3% | 0.12% | −0.04 |
| KO The Coca-Cola Co. | Reduce -20.2% | 0.33% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -24.9% | 0.13% | −0.04 |
| COP Conocophillips | Reduce -24.0% | 0.15% | −0.04 |
| PM Philip Morris International | Reduce -11.7% | 0.45% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -28.1% | 0.08% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +1.1% | 2.13% | +0.58 |
| LLY Eli Lilly & Co. | Add +26.6% | 0.94% | +0.44 |
| BBEU JPMorgan Betabuilders Europe | Add +159.3% | 0.45% | +0.30 |
| GOVT iShares US Treasury Bond ETF | Add +366.1% | 0.30% | +0.24 |
| APH Amphenol Corp. Class A | Add +102.7% | 0.31% | +0.18 |
| AMD Advanced Micro Devices | Add +54.2% | 0.30% | +0.16 |
| TTE Totalenergies SE | Add +942.6% | 0.13% | +0.12 |
| CIEN Ciena Corp. | Add +68.1% | 0.17% | +0.11 |
| GS Goldman Sachs Group Inc. | Add +12.5% | 0.47% | +0.11 |
| BNDX Vanguard Total Intl Bond ETF | Add +9.3% | 0.90% | +0.10 |
| DHR Danaher Corp. | Add +15.8% | 0.33% | +0.10 |
| DIS The Walt Disney Co. | Add +13.1% | 0.59% | +0.09 |
| NEE Nextera Energy Inc. | Add +5.2% | 0.55% | +0.08 |
| SCHW Schwab (charles) Corp. | Add +10.9% | 0.45% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.8% | 0.52% | +0.08 |
| VGSH Vanguard Short-Term Treasury | Add +73.3% | 0.18% | +0.08 |
| NTRA Natera Inc. | Add +10.5% | 0.20% | +0.08 |
| RTX RTX Corp. | Add +6.5% | 0.40% | +0.08 |
| ECL Ecolab Inc. | Add +63.6% | 0.19% | +0.07 |
| WDC Western Digital Corp. | Add +18.9% | 0.17% | +0.07 |
| BND Vanguard Total Bond Market | Add +6.3% | 0.70% | +0.07 |
| ADI Analog Devices Inc. | Add +1.4% | 0.41% | +0.06 |
| INTU Intuit Inc. | Add +10.8% | 0.52% | +0.06 |
| INSM Insmed Inc. | Add +0.7% | 0.27% | +0.06 |
| IEF iShares 7-10 Year Treasury B | Add +28.1% | 0.22% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +16.6% | 0.16% | +0.06 |
| ETR Entergy Corp. | Add +54.9% | 0.14% | +0.05 |
| GEV GE Vernova Inc. | Add +10.4% | 0.28% | +0.05 |
| XLV SS Health Care Select Sector | Add +21.4% | 0.17% | +0.05 |
| YUM Yum! Brands Inc. | Add +25.9% | 0.20% | +0.05 |
| JPST JPMorgan Ultra-Short Income | Add +10.1% | 0.36% | +0.05 |
| VGK Vanguard Ftse Europe ETF | Add +11.7% | 0.25% | +0.05 |
| BSV Vanguard Short-Term Bond ETF | Add +28.7% | 0.17% | +0.05 |
| JMUB JPMorgan Municipal ETF | Add +1656.4% | 0.05% | +0.04 |
| EQT Eqt Corp. | Add +163.6% | 0.07% | +0.04 |
| MMM 3M Co. | Add +0.2% | 0.49% | +0.04 |
| GILD Gilead Sciences Inc. | Add +8.8% | 0.19% | +0.04 |
| CME Cme Group Inc. | Add +16.4% | 0.20% | +0.04 |
| LITE Lumentum Holdings Inc. | Add +99.8% | 0.05% | +0.04 |
| EXPE Expedia Group Inc. | Add +13.1% | 0.10% | +0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +5.5% | 0.35% | +0.04 |
| VGIT Vanguard Intermediate-Term T | Add +7.7% | 0.31% | +0.04 |
| NET Cloudflare Inc. Class A | Add +28.8% | 0.18% | +0.04 |
| USB US Bancorp | Add +8.0% | 0.17% | +0.04 |
| C Citigroup Inc. | Add +8.8% | 0.14% | +0.04 |
| UBS UBS Group AG-Reg | Add +16.1% | 0.13% | +0.04 |
| SOFI Sofi Technologies Inc. | Add +37.1% | 0.11% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.4% | 0.44% | +0.03 |
| VGT Vanguard Info Tech ETF | Add +4.1% | 0.33% | +0.03 |
| IVE iShares S&P 500 Value ETF | Add +4.6% | 0.27% | +0.03 |
Options Activity Q3 2025 → Q4 2025
| STATE STR SPDR S&P 500 ETF T | put | Add +70.5% | 25,199,400 | $17.2B |
| SPDR GOLD TR | call | Add +26.9% | 14,103,300 | $5.6B |
| ISHARES SILVER TR | put | Add +121.7% | 66,236,300 | $4.3B |
| STATE STR SPDR S&P 500 ETF T | call | Reduce -52.6% | 6,158,400 | $4.2B |
| NVIDIA CORPORATION | call | Reduce -1.2% | 22,069,400 | $4.1B |
| INVESCO QQQ TR | call | Reduce -10.8% | 6,460,000 | $4.0B |
| INVESCO QQQ TR | put | Reduce -4.3% | 6,055,400 | $3.7B |
| ISHARES TR | put | Reduce -35.0% | 17,372,400 | $3.7B |
| SPDR GOLD TR | put | Reduce -26.2% | 8,975,900 | $3.6B |
| APPLE INC | call | Reduce -19.6% | 10,338,000 | $2.8B |
| MICROSOFT CORP | call | Add +12.3% | 5,700,000 | $2.8B |
| ISHARES TR | put | Add +16.8% | 27,992,500 | $2.3B |
| TESLA INC | put | Add +33.3% | 4,971,500 | $2.2B |
| TESLA INC | call | Add +33.6% | 4,094,200 | $1.8B |
| ISHARES TR | call | Add +207.8% | 20,894,600 | $1.7B |
| AMAZON COM INC | call | Add +0.3% | 6,093,100 | $1.4B |
| ALPHABET INC | call | Reduce -6.7% | 4,180,000 | $1.3B |
| ISHARES TR | call | Reduce -24.2% | 6,645,300 | $1.2B |
| NVIDIA CORPORATION | put | Reduce -33.6% | 6,369,600 | $1.2B |
| TAIWAN SEMICONDUCTOR MANUFAC | put | Add +16.6% | 3,802,100 | $1.2B |
| APPLE INC | put | Reduce -19.9% | 3,969,400 | $1.1B |
| META PLATFORMS INC | call | Add +38.7% | 1,443,600 | $952.9M |
| ISHARES TR | put | Add +24.7% | 9,179,700 | $910.2M |
| ISHARES SILVER TR | call | Reduce -18.9% | 13,743,000 | $885.3M |
| AMAZON COM INC | put | Add +98.6% | 3,264,200 | $753.4M |
| ISHARES TR | call | Reduce -38.0% | 8,084,100 | $753.0M |
| BROADCOM INC | call | Reduce -38.8% | 1,797,300 | $622.0M |
| MICROSOFT CORP | put | Reduce -43.3% | 1,239,100 | $599.3M |
| ISHARES TR | put | Reduce -42.7% | 11,617,800 | $567.5M |
| VANECK ETF TRUST | put | Add +107.9% | 4,911,700 | $562.6M |
| APPLOVIN CORP | put | Add +44.7% | 805,600 | $542.8M |
| BANK OF AMER CORP | put | Add +41.0% | 9,416,800 | $517.9M |
| SELECT SECTOR SPDR TR | put | Reduce -25.2% | 8,235,800 | $451.1M |
| ALPHABET INC | call | Add +50.2% | 1,421,300 | $446.0M |
| ALPHABET INC | put | Reduce -50.2% | 1,419,700 | $445.5M |
| META PLATFORMS INC | put | Reduce -38.5% | 665,400 | $439.2M |
| ADVANCED MICRO DEVICES INC | call | Add +27.4% | 1,930,000 | $413.3M |
| ISHARES BITCOIN TRUST ETF | call | Add +690.9% | 8,245,000 | $409.4M |
| ELI LILLY & CO | call | Add +13.7% | 374,400 | $402.4M |
| SELECT SECTOR SPDR TR | call | Reduce -49.2% | 7,339,400 | $402.0M |
| TAIWAN SEMICONDUCTOR MANUFAC | call | Add +101.8% | 1,283,600 | $390.1M |
| ISHARES TR | call | Reduce -25.9% | 7,086,100 | $364.1M |
| ALPHABET INC | put | Reduce -11.1% | 1,016,600 | $318.2M |
| STATE STR SPDR DOW JONES IND | put | Reduce -32.3% | 650,600 | $312.7M |
| ALIBABA GROUP HLDG LTD | put | Add +2.6% | 2,119,500 | $310.7M |
| DELTA AIR LINES INC | call | Reduce -31.7% | 4,101,200 | $284.6M |
| GE AEROSPACE | call | Add +0.2% | 888,850 | $273.8M |
| DOORDASH INC | put | Reduce -3.8% | 1,203,200 | $272.5M |
| CITIGROUP INC | put | Add +28.9% | 2,286,100 | $266.8M |
| BROADCOM INC | put | Reduce -16.5% | 743,700 | $257.4M |
Showing the first 50 of 1,016.
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
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -24.6% | 40,800,000 | $63.4M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Add +4.7% | 48,751,000 | $62.4M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Reduce -37.3% | 17,637,689 | $59.8M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +2.4% | 48,552,000 | $57.9M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Add +26.1% | 36,963,000 | $49.3M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Add +1.6% | 46,036,000 | $49.2M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Add +1161.3% | 47,249,000 | $46.7M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Reduce -0.8% | 38,914,000 | $42.6M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -18.9% | 28,939,000 | $37.6M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Reduce -13.0% | 22,430,000 | $33.5M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +14.2% | 25,373,000 | $32.4M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Add +21.3% | 34,035,000 | $32.4M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +14.8% | 34,634,000 | $31.1M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -14.7% | 29,965,000 | $31.1M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -1.9% | 28,848,000 | $29.7M |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | New | 30,590,000 | $29.4M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +927.0% | 30,072,000 | $29.2M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +8.6% | 19,824,000 | $28.8M |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 27,243,000 | $28.7M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +24.7% | 28,157,000 | $28.3M |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | Add +5.0% | 29,733,000 | $28.3M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Reduce -7.2% | 28,250,000 | $27.9M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Reduce -34.6% | 16,552,000 | $27.6M |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | Add +7.7% | 20,929,000 | $26.5M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -2.5% | 25,787,000 | $25.6M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Add +7.2% | 24,612,000 | $25.2M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +46.1% | 24,586,000 | $24.3M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Reduce -1.7% | 22,099,000 | $23.8M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | Reduce -0.2% | 22,783,000 | $23.1M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Reduce -14.3% | 27,177,000 | $22.6M |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | Add +10.9% | 25,470,000 | $22.3M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +32.0% | 21,952,000 | $22.2M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +15.2% | 19,676,000 | $21.6M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Add +1278.2% | 20,935,000 | $20.9M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Reduce -8.9% | 22,860,000 | $20.6M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Add +680.8% | 17,256,000 | $20.4M |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | Add +32.5% | 20,980,000 | $20.2M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +0.0% | 20,499,000 | $19.9M |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | Reduce -0.0% | 18,599,000 | $18.4M |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | Add +207.5% | 18,662,000 | $18.2M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +4.8% | 14,477 | $18.1M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Reduce -44.8% | 19,492,000 | $17.9M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 15,792,000 | $17.8Mbefore exit |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | New | 310,952 | $17.1M |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | Add +40.4% | 13,009,000 | $16.7M |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | Add +15.8% | 17,859,000 | $16.5M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +19.6% | 13,374,000 | $16.5M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +17.1% | 13,573,000 | $16.1M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Add +7.1% | 14,411,000 | $15.8M |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Reduce -12.1% | 16,328,000 | $15.6M |
Showing the first 50 of 297.
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 |