KBC Group NV

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), KBC Group NV reported 1,818 stock positions worth $32.2 billion. Its top holding was Microsoft (MSFT) at 5.1% of the portfolio, followed by Nvidia (NVDA, 5.0%) and Apple (AAPL, 4.3%). Compared with Q4 2024, it opened 87 new positions, sold out of 33, added to 695 and reduced 605. The biggest buy was Comcast Class A (CMCSA, shares +725%) and the biggest sale Amazon.com (AMZN, shares −30%).

Most Recent 13F
Q2 2026
Location
Brussels, C9
CIK
0001411133
Portfolio Value
$32.2B (Q1 2025)
SEC Filing
0000950123-25-003703 ↗ filed Apr 25, 2025

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $31.5B Q1 2024 Q2 2024: $33.1B Q2 2024 Q3 2024: $33.1B Q3 2024 Q4 2024: $36.3B Q4 2024 Q1 2025: $32.2B $32.2B Q1 2025 Q2 2025: $37.0B Q2 2025 Q3 2025: $41.7B Q3 2025 Q4 2025: $43.9B Q4 2025 Q1 2026: $39.9B Q1 2026 Q2 2026: $46.3B Q2 2026

Holdings 1,818 stocks · $32.2B
MSFT Microsoft Corp. 5.06% 4,339,901 $1.6B Reduce -10.6%
NVDA Nvidia Corp. 4.96% 14,734,960 $1.6B Reduce -9.0%
AAPL Apple Inc. 4.28% 6,204,671 $1.4B Reduce -14.4%
GOOG Alphabet Inc. Class C 3.19% 6,580,964 $1.0B Reduce -18.6%
AMZN Amazon.com Inc. 3.03% 5,131,384 $976.3M Reduce -29.9%
META Meta Platforms Inc. Class A 2.61% 1,456,264 $839.3M Reduce -6.0%
AVGO Broadcom Inc. 1.65% 3,164,828 $529.9M Reduce -8.7%
LLY Eli Lilly & Co. 1.42% 554,682 $458.1M Reduce -5.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.42% 1,832,801 $455.7M Add +8.6%
NFLX Netflix Inc. 1.38% 477,251 $445.1M Add +19.6%
UNH Unitedhealth Group Inc. 1.31% 805,617 $421.9M Reduce -12.3%
V Visa Inc. Class A 1.28% 1,180,475 $413.7M Add +39.9%
JPM JPMorgan Chase & Co. 1.25% 1,641,647 $402.7M Reduce -8.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.23% 9,490,896 $396.1M Reduce -2.1%
CMCSA Comcast Corp. Class A 1.16% 10,160,649 $374.9M Add +724.7%
CRM Salesforce Inc. 1.00% 1,196,114 $321.0M Reduce -14.9%
LIN Linde PLC 0.84% 578,694 $269.5M Reduce -6.0%
GOOGL Alphabet Inc. Class A 0.78% 1,614,965 $249.7M Reduce -4.4%
BMY Bristol-Myers Squibb Co. 0.73% 3,849,595 $234.8M Reduce -5.1%
VZ Verizon Communications Inc. 0.72% 5,103,677 $231.5M Add +279.3%
ABBV Abbvie Inc. 0.72% 1,104,120 $231.3M Reduce -3.7%
BSX Boston Scientific Corp. 0.70% 2,243,113 $226.3M Reduce -5.8%
TSLA Tesla Inc. 0.70% 871,449 $225.8M Reduce -42.7%
MRK Merck & Co. Inc. 0.67% 2,389,033 $214.4M Reduce -8.7%
GILD Gilead Sciences Inc. 0.64% 1,845,085 $206.7M Reduce -10.5%
QCOM Qualcomm Inc. 0.63% 1,330,659 $204.4M Reduce -13.3%
KO The Coca-Cola Co. 0.62% 2,771,462 $198.5M Add +168.6%
ISRG Intuitive Surgical Inc. 0.59% 383,494 $189.9M Reduce -9.4%
AMAT Applied Materials Inc. 0.57% 1,258,617 $182.7M Reduce -26.2%
SPGI S&P Global Inc. 0.55% 349,378 $177.5M Reduce -5.1%
CI The Cigna Group 0.55% 539,501 $177.5M Reduce -2.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.55% 1,784,726 $176.2M Add +92.4%
SCHW Schwab (charles) Corp. 0.51% 2,090,439 $163.6M Reduce -2.2%
ELV Elevance Health Inc. 0.49% 365,352 $158.9M Reduce -21.9%
CTSH Cognizant Tech Solutions-A 0.48% 2,004,832 $153.4M Reduce -11.3%
COF Capital One Financial Corp. 0.48% 853,840 $153.1M Add +37.0%
DFS Discover Financial Services 0.47% 895,663 $152.9M Reduce -3.1%
WDAY Workday Inc. Class A 0.46% 640,000 $149.5M Reduce -2.4%
GDDY GoDaddy Inc. Class A 0.46% 820,708 $147.8M Reduce -0.4%
NOW ServiceNow Inc. 0.46% 184,710 $147.1M Add +5.8%
CAH Cardinal Health Inc. 0.46% 1,063,953 $146.6M Add +31.3%
MET Metlife Inc. 0.45% 1,812,711 $145.5M Add +10.1%
PG The Procter & Gamble Co. 0.45% 844,709 $144.0M Reduce -3.6%
SYK Stryker Corp. 0.45% 386,340 $143.8M Reduce -13.5%
SPG Simon Property Group Inc. 0.44% 854,832 $142.0M Reduce -2.9%
CNC Centene Corp. 0.44% 2,317,738 $140.7M Add +44.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.43% 1,664,228 $139.6M Reduce -5.0%
PGR Progressive Corp. 0.43% 484,231 $137.0M Add +10.2%
FOXA Fox Corp. Class A 0.42% 2,397,604 $135.7M Add +1.3%
AXP American Express Co. 0.42% 500,231 $134.6M Reduce -20.6%
ZM Zoom Communications Inc. 0.40% 1,759,421 $129.8M Reduce -0.2%
TMO Thermo Fisher Scientific Inc. 0.40% 257,754 $128.3M Reduce -15.2%
ECL Ecolab Inc. 0.39% 495,016 $125.5M Add +7.6%
CSCO Cisco Systems Inc. 0.39% 2,028,662 $125.2M Add +5.5%
WFC Wells Fargo & Co. 0.38% 1,692,119 $121.5M Reduce -13.8%
HCA HCA Healthcare Inc. 0.37% 345,174 $119.3M Reduce -4.9%
DOCU Docusign Inc. 0.36% 1,442,563 $117.4M Reduce -6.0%
HPQ HP Inc. 0.36% 4,214,069 $116.7M Add +18.5%
MA Mastercard Inc. Class A 0.35% 208,547 $114.3M Reduce -51.6%
BKNG Booking Holdings Inc. 0.35% 24,188 $111.4M Add +23.4%
AOS Smith (a.o.) Corp. 0.34% 1,662,779 $108.7M Add +0.8%
IQV Iqvia Holdings Inc. 0.33% 603,752 $106.4M Reduce -2.0%
C Citigroup Inc. 0.33% 1,486,433 $105.5M Add +2.2%
COST Costco Wholesale Corp. 0.32% 109,677 $103.7M Reduce -15.7%
VLTO Veralto Corp. 0.31% 1,016,875 $99.1M Add +1.1%
WMT Walmart Inc. 0.30% 1,084,838 $95.2M Add +7.1%
WMS Advanced Drainage Systems Inc. 0.29% 874,219 $95.0M Add +18.3%
HD Home Depot Inc. 0.29% 258,887 $94.9M Reduce -3.9%
REGN Regeneron Pharmaceuticals 0.29% 149,440 $94.8M Add +9.4%
ADBE Adobe Inc. 0.29% 246,115 $94.4M Reduce -20.4%
DELL Dell Technologies -C 0.29% 1,025,019 $93.4M Add +23.3%
TWLO Twilio Inc. Class A 0.29% 945,594 $92.6M Add +236.3%
HIG Hartford Insurance Group Inc. 0.29% 745,909 $92.3M Reduce -7.7%
PNR Pentair PLC 0.29% 1,051,340 $92.0M Add +1.3%
AER Aercap Holdings NV 0.29% 898,608 $91.8M Add +7.7%
AMGN Amgen Inc. 0.28% 292,344 $91.1M Add +20.6%
OC Owens Corning 0.28% 634,783 $90.7M Add +75.2%
COR Cencora Inc. 0.28% 321,970 $89.5M Reduce -2.1%
TEAM Atlassian Corp. Class A 0.28% 421,204 $89.4M Add +67.3%
PFE Pfizer Inc. 0.28% 3,501,105 $88.7M Add +6.0%
FIS Fidelity National Info Serv 0.28% 1,186,638 $88.6M Add +0.5%
NLY Annaly Capital Management Inc. 0.27% 4,349,504 $88.3M Reduce -16.3%
SSNC Ss&c Technologies Holdings 0.27% 1,056,398 $88.2M Add +25.8%
ABT Abbott Laboratories 0.27% 665,075 $88.2M Reduce -30.9%
FISV Fiserv Inc. 0.27% 397,890 $87.9M Add +0.9%
CLX Clorox Company 0.27% 587,679 $86.5M Add +688.8%
IBKR Interactive Brokers Gro Class A 0.27% 522,221 $86.5M Add +255.1%
ORCL Oracle Corp. 0.27% 614,725 $85.9M Add +1.3%
BRK.B Berkshire Hathaway Inc. Class B 0.27% 161,078 $85.8M Reduce -36.5%
NTRS Northern Trust Corp. 0.26% 850,124 $83.9M Reduce -11.8%
CNM Core & Main Inc. Class A 0.26% 1,725,810 $83.4M Add +5.3%
MCK McKesson Corp. 0.26% 123,507 $83.1M Reduce -9.2%
TFC Truist Financial Corp. 0.26% 2,002,912 $82.4M Reduce -1.4%
CRH CRH PLC 0.26% 934,339 $82.2M Reduce -28.7%
WM Waste Management Inc. 0.25% 350,860 $81.2M Add +14.0%
STLD Steel Dynamics Inc. 0.25% 636,855 $79.7M Reduce -3.9%
FITB Fifth Third Bancorp 0.24% 2,004,113 $78.6M Reduce -10.6%
SBAC SBA Communications Corp. 0.24% 351,930 $77.4M Reduce -14.2%
NTAP Netapp Inc. 0.24% 876,419 $77.0M Reduce -1.6%
WBD Warner Bros Discovery Inc. 0.24% 7,145,308 $76.7M Add +682.8%

Show all 1,818 holdings

Other holdings (59): bonds, preferreds, convertibles and warrants · $14.5M (not counted above)
SecurityClassShares / PrincipalValueChange
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 500,000$490KNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 400,000$430KNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 300,000$366KNo change
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 300,000$358KNo change
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 400,000$356KNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 300,000$346KNo change
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 300,000$311KAdd +50.0%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 300,000$302KNo change
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 300,000$301KNo change
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 300,000$301KNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal 300,000$299KNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 300,000$293KNo change
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 300,000$292KNo change
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 300,000$291KReduce -25.0%
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 300,000$286KNo change
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 300,000$278KNew
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 200,000$266KNo change
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 200,000$265KNo change
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal 250,000$259KReduce -16.7%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 300,000$258KNo change
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 200,000$258KNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 200,000$257KNo change
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 200,000$254KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 200,000$245KAdd +100.0%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 200,000$243KNo change
MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal 200,000$242KAdd +100.0%
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 200,000$240KNo change
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 200,000$237KNo change
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal 200,000$237KNo change
CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal 200,000$231KAdd +100.0%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 200,000$229KAdd +100.0%
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 200,000$226KAdd +100.0%
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal 300,000$216KAdd +200.0%
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 200,000$215KAdd +100.0%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 200,000$212KNo change
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal 200,000$211KAdd +100.0%
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal 200,000$208KNo change
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal 200,000$208KNo change
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 200,000$205KNo change
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 200,000$204KNo change
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 200,000$203KNo change
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal 200,000$199KNo change
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 200,000$198KReduce -33.3%
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 200,000$197KNo change
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 200,000$197KNo change
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) NOTE 4/0 · principal 200,000$197KNo change
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 200,000$197KNo change
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 200,000$196KNo change
NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal 200,000$195KNo change
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal 200,000$194KNo change
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 200,000$193KNo change
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 200,000$189KReduce -33.3%
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 200,000$187KNo change
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 200,000$187KNo change
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 200,000$184KReduce -33.3%
BENTLEY SYSTEMS (BSY 0.375 07/01/27) NOTE 0.375% 7/0 · principal 200,000$182KNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 200,000$178KAdd +100.0%
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) NOTE 1.500% 6/0 · principal 150,000$163KNo change
NIO INC (NIO 3.875 10/15/29) NOTE 3.875%10/1 · principal 200,000$153KAdd +100.0%

Total filed on the 13F, all lines: $32.2B.

Portfolio Sells Q4 2024 → Q1 2025
AMZN Amazon.com Inc. Reduce -29.9% 3.03% −1.40
GOOG Alphabet Inc. Class C Reduce -18.6% 3.19% −1.05
NVDA Nvidia Corp. Reduce -9.0% 4.96% −1.04
TSLA Tesla Inc. Reduce -42.7% 0.70% −0.99
AAPL Apple Inc. Reduce -14.4% 4.28% −0.73
MSFT Microsoft Corp. Reduce -10.6% 5.06% −0.58
AVGO Broadcom Inc. Reduce -8.7% 1.65% −0.57
CRM Salesforce Inc. Reduce -14.9% 1.00% −0.30
MA Mastercard Inc. Class A Reduce -51.6% 0.35% −0.27
WSM Williams-Sonoma Inc. Reduce -84.2% 0.04% −0.24
AMAT Applied Materials Inc. Reduce -26.2% 0.57% −0.20
DKS Dick's Sporting Goods Inc. Reduce -56.8% 0.13% −0.17
JNJ Johnson & Johnson Reduce -56.4% 0.20% −0.16
CVS CVS Health Corp. Reduce -82.6% 0.06% −0.14
PLTR Palantir Technologies Inc. Class A Reduce -67.6% 0.09% −0.13
INTU Intuit Inc. Reduce -52.6% 0.13% −0.12
BBWI Bath & Body Works Inc. Reduce -89.7% 0.01% −0.11
TJX TJX Companies Inc. Reduce -62.5% 0.08% −0.11
GOOGL Alphabet Inc. Class A Reduce -4.4% 0.78% −0.11
AMT American Tower Corp. Reduce -56.3% 0.15% −0.10
SWKS Skyworks Solutions Inc. Reduce -19.7% 0.20% −0.10
IRM Iron Mountain Inc. Reduce -83.3% 0.02% −0.10
AXP American Express Co. Reduce -20.6% 0.42% −0.10
MS Morgan Stanley Reduce -38.2% 0.17% −0.10
LRCX Lam Research Corp. Reduce -41.6% 0.18% −0.09
HST Host Hotels & Resorts Inc. Reduce -26.9% 0.18% −0.09
ADBE Adobe Inc. Reduce -20.4% 0.29% −0.09
BMI Badger Meter Inc. Reduce -80.8% 0.02% −0.08
GPC Genuine Parts Co. Reduce -73.2% 0.04% −0.08
CRH CRH PLC Reduce -28.7% 0.26% −0.08
QRVO Qorvo Inc. Reduce -46.6% 0.13% −0.08
RJF Raymond James Financial Inc. Reduce -48.3% 0.08% −0.07
MWA Mueller Water Products Inc. Class A Reduce -87.3% 0.01% −0.07
BBY Best Buy Co. Inc. Reduce -64.0% 0.03% −0.06
MRK Merck & Co. Inc. Reduce -8.7% 0.67% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -36.5% 0.27% −0.05
CE Celanese Corp. Reduce -47.0% 0.05% −0.05
APP AppLovin Corp. Class A Reduce -24.4% 0.11% −0.05
BLDR Builders Firstsource Inc. Reduce -80.2% 0.01% −0.05
MTCH Match Group Inc. Reduce -50.0% 0.05% −0.05
XYZ Block Inc. Reduce -67.1% 0.01% −0.05
NTAP Netapp Inc. Reduce -1.6% 0.24% −0.05
ANET Arista Networks Inc. Reduce -7.6% 0.12% −0.04
EG Everest Group Ltd. Reduce -78.8% 0.01% −0.04
AVB Avalonbay Communities Inc. Reduce -57.0% 0.04% −0.04
H Hyatt Hotels Corp. Class A Reduce -90.7% 0.00% −0.04
EXR Extra Space Storage Inc. Reduce -70.4% 0.02% −0.04
MDT Medtronic PLC Reduce -43.0% 0.11% −0.04
CFG Citizens Financial Group Reduce -41.1% 0.07% −0.04
PCAR Paccar Inc. Reduce -24.6% 0.16% −0.04

Portfolio Buys Q4 2024 → Q1 2025
CMCSA Comcast Corp. Class A Add +724.7% 1.16% +1.04
VZ Verizon Communications Inc. Add +279.3% 0.72% +0.57
V Visa Inc. Class A Add +39.9% 1.28% +0.55
KO The Coca-Cola Co. Add +168.6% 0.62% +0.44
NFLX Netflix Inc. Add +19.6% 1.38% +0.40
IBM Intl Business Machines Corp. Add +8.6% 1.42% +0.39
DIS The Walt Disney Co. Add +92.4% 0.55% +0.26
CLX Clorox Company Add +688.8% 0.27% +0.24
WBD Warner Bros Discovery Inc. Add +682.8% 0.24% +0.21
TWLO Twilio Inc. Class A Add +236.3% 0.29% +0.20
IBKR Interactive Brokers Gro Class A Add +255.1% 0.27% +0.20
CAH Cardinal Health Inc. Add +31.3% 0.46% +0.19
TAP Molson Coors Beverage Co. Class B Add +269.1% 0.23% +0.18
CNC Centene Corp. Add +44.6% 0.44% +0.17
COF Capital One Financial Corp. Add +37.0% 0.48% +0.17
KMB Kimberly-Clark Corp. Add +201.3% 0.22% +0.16
CAG Conagra Brands Inc. Add +560.1% 0.17% +0.15
PGR Progressive Corp. Add +10.2% 0.43% +0.14
KVUE Kenvue Inc. Add +308.3% 0.16% +0.13
SPOT Spotify Technology SA Add +73.9% 0.21% +0.13
SHW The Sherwin-Williams Co. Add +104.4% 0.21% +0.12
TMUS T-Mobile US Inc. Add +60.3% 0.22% +0.12
OC Owens Corning Add +75.2% 0.28% +0.11
TEAM Atlassian Corp. Class A Add +67.3% 0.28% +0.11
AMGN Amgen Inc. Add +20.6% 0.28% +0.11
OMC Omnicom Group Add +338.8% 0.13% +0.11
FOXA Fox Corp. Class A Add +1.3% 0.42% +0.10
EXPD Expeditors Intl Wash Inc. Add +60.1% 0.20% +0.10
SSNC Ss&c Technologies Holdings Add +25.8% 0.27% +0.10
PEP Pepsico Inc. Add +64.4% 0.22% +0.10
ECL Ecolab Inc. Add +7.6% 0.39% +0.09
PRMB Primo Brands Corp. Add +27.3% 0.23% +0.09
WM Waste Management Inc. Add +14.0% 0.25% +0.08
MET Metlife Inc. Add +10.1% 0.45% +0.08
BKNG Booking Holdings Inc. Add +23.4% 0.35% +0.08
CHD Church & Dwight Co. Inc. Add +205.2% 0.11% +0.08
CSCO Cisco Systems Inc. Add +5.5% 0.39% +0.08
CF CF Industries Holdings Inc. Add +48.1% 0.22% +0.07
NTNX Nutanix Inc. Class A Add +313.8% 0.09% +0.07
AVTR Avantor Inc. Add +483.7% 0.09% +0.07
WELL Welltower Inc. Add +11.5% 0.21% +0.07
MAS Masco Corp. Add +39.4% 0.21% +0.07
AMD Advanced Micro Devices Add +55.7% 0.22% +0.07
GEN Gen Digital Inc. Add +32.7% 0.23% +0.07
CTAS Cintas Corp. Add +23.7% 0.19% +0.07
AER Aercap Holdings NV Add +7.7% 0.29% +0.07
TRGP Targa Resources Corp. Add +167.3% 0.09% +0.06
APO Apollo Global Management Inc. Add +90.5% 0.14% +0.06
WMS Advanced Drainage Systems Inc. Add +18.3% 0.29% +0.06
MSTR Strategy Inc. Add +126.6% 0.09% +0.05

Notes & Other Activity Q4 2024 → Q1 2025
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal Sold out 300,000 $382Kbefore exit
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal Add +50.0% 300,000 $311K
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Reduce -25.0% 300,000 $291K
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal New 300,000 $278K
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Sold out 200,000 $276Kbefore exit
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Reduce -16.7% 250,000 $259K
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal Add +100.0% 200,000 $245K
MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal Add +100.0% 200,000 $242K
CYTOKINETICS INC (CYTK 3.5 07/01/27) NOTE 3.500% 7/0 · principal Add +100.0% 200,000 $231K
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal Add +100.0% 200,000 $229K
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal Add +100.0% 200,000 $226K
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal Add +200.0% 300,000 $216K
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal Add +100.0% 200,000 $215K
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal Add +100.0% 200,000 $211K
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal Reduce -33.3% 200,000 $198K
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal Sold out 200,000 $197Kbefore exit
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal Sold out 200,000 $190Kbefore exit
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal Reduce -33.3% 200,000 $189K
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal Sold out 200,000 $186Kbefore exit
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal Reduce -33.3% 200,000 $184K
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal Add +100.0% 200,000 $178K
NIO INC (NIO 3.875 10/15/29) NOTE 3.875%10/1 · principal Add +100.0% 200,000 $153K
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Sold out 100,000 $139Kbefore exit
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal Sold out 100,000 $107Kbefore exit
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal Sold out 100,000 $99Kbefore exit
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal Sold out 100,000 $99Kbefore exit
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal Sold out 100,000 $93Kbefore exit
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal Sold out 100,000 $93Kbefore exit
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal Sold out 100,000 $89Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,844$46.3BNVDA, GOOG, AAPL, MSFT, AMZN
Q1 2026 1,854$39.9BNVDA, AAPL, MSFT, GOOG, AMZN
Q4 2025 1,728$43.9BNVDA, GOOG, MSFT, AAPL, AMZN
Q3 2025 1,727$41.7BNVDA, MSFT, GOOG, AAPL, AMZN
Q2 2025 1,711$37.0BNVDA, MSFT, GOOG, AMZN, AAPL
Q1 2025 1,818$32.2BMSFT, NVDA, AAPL, GOOG, AMZN
Q4 2024 1,762$36.3BNVDA, MSFT, AAPL, AMZN, GOOG
Q3 2024 1,764$33.1BMSFT, NVDA, AMZN, GOOG, AAPL
Q2 2024 1,770$33.1BNVDA, MSFT, GOOG, AMZN, AAPL
Q1 2024 1,776$31.5BMSFT, NVDA, AAPL, GOOG, AMZN