Kestra Advisory Services, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), Kestra Advisory Services, LLC reported 3,094 stock positions worth $26.4 billion. Its top holding was Apple (AAPL) at 3.0% of the portfolio, followed by Parker Hannifin (PH, 2.0%) and Nvidia (NVDA, 2.0%). Compared with Q4 2025, it opened 79 new positions, sold out of 1,489, added to 2,041 and reduced 898. The biggest buy was Vistance Networks (VISN, shares +7111%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001830819
- Portfolio Value
- $26.4B (Q1 2026)
- SEC Filing
- 0001830819-26-000004 ↗ filed Apr 30, 2026
Holdings Value
Holdings 3,094 stocks · $26.4B
| AAPL Apple Inc. | 3.03% | 3,156,209 | $801.0M | Add +11.5% |
| PH Parker Hannifin Corp. | 2.04% | 603,127 | $539.9M | Reduce -2.6% |
| NVDA Nvidia Corp. | 2.04% | 3,082,088 | $537.5M | Add +4.4% |
| IVV iShares Core S&P 500 ETF | 1.87% | 755,209 | $493.3M | Add +8.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.79% | 818,009 | $472.1M | Add +21.2% |
| MSFT Microsoft Corp. | 1.49% | 1,061,804 | $393.0M | Add +9.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.36% | 550,433 | $358.0M | Add +8.3% |
| AMZN Amazon.com Inc. | 1.28% | 1,627,419 | $338.9M | Add +11.0% |
| VOO Vanguard S&P 500 ETF | 1.15% | 507,917 | $303.5M | Add +13.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.05% | 632,054 | $276.1M | Add +10.1% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.94% | 5,857,420 | $249.2M | Add +14.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.90% | 740,108 | $237.4M | Add +29.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.88% | 487,192 | $233.5M | Add +8.4% |
| GOOGL Alphabet Inc. Class A | 0.78% | 715,285 | $205.7M | Reduce -1.4% |
| RDVY First Trust Rising Dividend | 0.75% | 2,885,091 | $197.0M | Add +4.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.72% | 966,359 | $189.6M | Add +3.7% |
| GOOG Alphabet Inc. Class C | 0.71% | 658,110 | $188.8M | Add +13.5% |
| VYM Vanguard High DVD Yield ETF | 0.71% | 1,260,883 | $186.7M | Add +15.1% |
| GLD SPDR Gold Shares | 0.70% | 427,919 | $184.1M | Add +12.1% |
| FBND Fidelity Total Bond ETF | 0.69% | 3,966,524 | $181.0M | Add +8.0% |
| JPM JPMorgan Chase & Co. | 0.64% | 571,772 | $168.2M | Add +6.0% |
| JAAA Janus Henderson Aaa Clo ETF | 0.61% | 3,217,418 | $162.1M | Add +19.7% |
| CAT Caterpillar Inc. | 0.59% | 219,586 | $155.6M | Add +8.7% |
| AVGO Broadcom Inc. | 0.57% | 482,379 | $149.3M | Add +22.2% |
| FENI Fidelity Enhanced Intl ETF | 0.56% | 3,987,513 | $148.3M | Add +32.8% |
| XOM Exxon Mobil Corp. | 0.50% | 781,910 | $132.7M | Add +20.1% |
| VIG Vanguard Dividend Apprec ETF | 0.48% | 584,269 | $125.7M | Add +8.0% |
| CGGR Cap Group Growth Equity | 0.46% | 3,021,423 | $121.4M | Add +17.3% |
| META Meta Platforms Inc. Class A | 0.46% | 212,207 | $121.4M | Add +11.1% |
| RSP Invesco S&P 500 Equal Weight | 0.44% | 610,240 | $117.1M | Add +5.5% |
| WMT Walmart Inc. | 0.44% | 936,866 | $116.4M | Add +7.8% |
| LLY Eli Lilly & Co. | 0.43% | 122,730 | $112.9M | Add +13.5% |
| COST Costco Wholesale Corp. | 0.43% | 113,154 | $112.7M | Add +8.5% |
| COWZ Pacer US Cash Cows 100 ETF | 0.41% | 1,729,166 | $108.2M | Add +5.1% |
| SCHD Schwab US DVD Equity ETF | 0.41% | 3,523,127 | $108.1M | Add +3.7% |
| TSLA Tesla Inc. | 0.41% | 289,105 | $107.5M | Add +11.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.40% | 365,964 | $105.1M | Add +9.8% |
| JEPI JPMorgan Equity Premium Inco | 0.39% | 1,839,578 | $104.3M | Reduce -7.1% |
| JNJ Johnson & Johnson | 0.39% | 424,980 | $103.9M | Add +6.1% |
| BND Vanguard Total Bond Market | 0.39% | 1,406,434 | $103.6M | Add +9.7% |
| USFR Wisdomtree Floating Rate Tre | 0.38% | 2,009,823 | $101.2M | Add +78.3% |
| IJR iShares Core S&P Small-Cap E | 0.37% | 793,097 | $98.6M | Add +13.5% |
| VEA Vanguard Ftse Developed ETF | 0.37% | 1,535,055 | $98.4M | Add +11.0% |
| IVW iShares S&P 500 Growth ETF | 0.37% | 859,413 | $97.2M | Add +10.8% |
| DFAC Dimensional US Core Equity 2 | 0.36% | 2,462,633 | $95.7M | Add +13.4% |
| ABBV Abbvie Inc. | 0.36% | 431,581 | $93.9M | Add +5.0% |
| XLK SS Technology Select Sector | 0.35% | 699,988 | $93.0M | Add +4.5% |
| IYW iShares Ustechnology ETF | 0.34% | 495,359 | $89.9M | Add +11.0% |
| SGOV iShares 0-3 Month Treasury B | 0.34% | 890,824 | $89.7M | Add +152.4% |
| IWF iShares Russell 1000 Growth | 0.33% | 205,098 | $87.5M | Add +1.1% |
| PG The Procter & Gamble Co. | 0.33% | 604,511 | $87.3M | Add +34.4% |
| QUAL iShares MSCI USA Quality Fac | 0.32% | 443,371 | $85.0M | Reduce -39.1% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.32% | 2,506,065 | $84.6M | Reduce -22.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.32% | 1,102,261 | $84.4M | Reduce -6.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.32% | 861,028 | $84.3M | Add +15.6% |
| IVE iShares S&P 500 Value ETF | 0.31% | 386,520 | $81.6M | Add +10.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.30% | 876,033 | $79.3M | Add +9.9% |
| V Visa Inc. Class A | 0.29% | 253,995 | $76.8M | Add +1.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.28% | 218,422 | $73.8M | Add +4.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.28% | 279,931 | $73.3M | Add +33.3% |
| GS Goldman Sachs Group Inc. | 0.28% | 85,820 | $72.6M | Add +7.8% |
| MU Micron Technology Inc. | 0.27% | 211,175 | $71.3M | Add +8.8% |
| CVX Chevron Corp. | 0.27% | 343,030 | $71.0M | Add +5.1% |
| VGT Vanguard Info Tech ETF | 0.26% | 100,052 | $69.8M | Add +22.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.26% | 1,249,605 | $69.4M | Add +8.8% |
| SCHG Schwab US Large-Cap Growth | 0.26% | 2,375,619 | $69.2M | Add +12.4% |
| FMDE Fidelity Enhanced Mid Cap Co. | 0.26% | 1,901,836 | $68.4M | Add +24.7% |
| MCD McDonald's Corp. | 0.26% | 219,241 | $68.1M | Add +12.0% |
| DGRW Wisdomtree U.S. Quality Divi | 0.26% | 770,424 | $67.7M | Add +0.5% |
| ETN Eaton Corp. PLC | 0.25% | 187,776 | $67.2M | Add +9.6% |
| AIRR First Trust Rba American Ind | 0.25% | 599,696 | $66.4M | Reduce -3.1% |
| SDVY First Trust Smid Cap Rising | 0.25% | 1,659,688 | $65.4M | Add +5.5% |
| FQAL Fidelity Quality Factor ETF | 0.25% | 899,808 | $65.3M | Add +33.6% |
| IJH iShares Core S&P Midcap ETF | 0.24% | 943,599 | $63.7M | Reduce -3.9% |
| RTX RTX Corp. | 0.24% | 325,804 | $62.8M | Add +13.3% |
| QQQM Invesco Nasdaq 100 ETF | 0.24% | 263,368 | $62.6M | Add +4.3% |
| NFLX Netflix Inc. | 0.23% | 641,150 | $61.6M | Add +11.4% |
| PVAL Putnam Focused LRG Cap Value | 0.23% | 1,307,934 | $60.7M | Add +37.0% |
| AGG iShares Core U.S. Aggregate | 0.23% | 609,012 | $60.5M | Add +13.0% |
| FDVV Fidelity High Dividend ETF | 0.23% | 1,077,418 | $59.5M | Add +16.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.22% | 1,281,107 | $59.2M | Reduce -2.8% |
| ITOT iShares Core S&P Total U.S. | 0.22% | 414,259 | $59.0M | Add +14.9% |
| HD Home Depot Inc. | 0.22% | 178,903 | $58.8M | Add +7.5% |
| DE Deere & Co. | 0.22% | 103,042 | $58.0M | Add +6.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 238,449 | $57.8M | Add +27.1% |
| VZ Verizon Communications Inc. | 0.22% | 1,150,804 | $57.8M | Add +5.9% |
| FELG Fidelity Enh LRG Cap GWTH | 0.22% | 1,517,007 | $56.9M | Add +92.2% |
| DGRO iShares Core Dividend Growth | 0.21% | 797,552 | $56.0M | Add +16.4% |
| IWM iShares Russell 2000 ETF | 0.21% | 224,815 | $55.8M | Reduce -3.2% |
| SMH Vaneck Semiconductor ETF | 0.21% | 145,358 | $55.7M | Add +82.3% |
| PFE Pfizer Inc. | 0.21% | 1,954,595 | $54.9M | Add +14.6% |
| CSCO Cisco Systems Inc. | 0.21% | 705,567 | $54.7M | Add +3.7% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.21% | 374,801 | $54.3M | Add +9.7% |
| VISN Vistance Networks Inc. | 0.21% | 2,978,504 | $54.2M | Add +7111.2% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 0.21% | 1,573,552 | $54.1M | Add +20.8% |
| RWL Invesco S&P 500 Revenue ETF | 0.20% | 468,418 | $53.8M | Add +9.3% |
| DFUS Dimensional US Eq MKT ETF | 0.20% | 748,532 | $53.1M | Add +22.1% |
| IAU iShares Gold Trust | 0.20% | 592,810 | $52.3M | Add +5.5% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.20% | 1,565,128 | $52.2M | Add +10.9% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 0.20% | 1,869,844 | $52.0M | Add +10.8% |
Options reported separately and not counted above: FCX calls ($1.8M), NVDA calls ($1.7M), PLTR puts ($731K), SPY puts ($715K), NOW calls ($523K), UNG calls ($323K), RTX calls ($309K), PLTR calls ($293K), QQQ puts ($289K), BA calls ($239K), QBTS calls ($180K).
Other holdings (11): bonds, preferreds, convertibles and warrants · $15.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,690 | $7.7M | Add +0.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,301 | $3.9M | Reduce -1.5% |
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | 133,788 | $1.5M | New |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 29,964 | $1.2M | Add +1.0% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 20,507 | $494K | Reduce -16.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 21,980 | $422K | Reduce -16.4% |
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | 384,460 | $3K | Reduce -15.7% |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | 67,620 | $1K | Add +230.9% |
| MLECW Moolec Science SA | *W EXP 01/30/202 | 25,000 | $645 | New |
| BLACKROCK UTILITIES INFR- RT | RIGHT 04/02/2026 | 48,418 | $387 | Reduce -2.8% |
| NEUBERGER HIGH YIELD-RT | RIGHT 04/15/2026 | 18,964 | $152 | Add +1.3% |
Total filed on the 13F, all lines: $26.4B.
Portfolio Sells Q4 2025 → Q1 2026
| QUAL iShares MSCI USA Quality Fac | Reduce -39.1% | 0.32% | −0.27 |
| PH Parker Hannifin Corp. | Reduce -2.6% | 2.04% | −0.20 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 0.78% | −0.16 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -22.2% | 0.32% | −0.13 |
| JEPI JPMorgan Equity Premium Inco | Reduce -7.1% | 0.39% | −0.07 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -6.4% | 0.32% | −0.07 |
| JCPB JPMorgan Core Plus Bond ETF | Reduce -31.6% | 0.10% | −0.06 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -40.5% | 0.06% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -3.1% | 0.14% | −0.05 |
| FTGS First Trust Grwth Strgth ETF | Reduce -57.8% | 0.03% | −0.05 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -44.6% | 0.05% | −0.05 |
| VOOG Vanguard S&P 500 Growth ETF | Reduce -24.3% | 0.08% | −0.05 |
| QFLR Innovator Nasdaq-100 MF ETF | Reduce -67.0% | 0.02% | −0.05 |
| DON Wisdomtree US Midcap Dividen | Reduce -33.7% | 0.07% | −0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -12.1% | 0.16% | −0.04 |
| EQWL Invesco S&P 100 Equal Weight | Reduce -65.4% | 0.02% | −0.04 |
| TSPA T Rowe Price US Eqy Research | Reduce -45.7% | 0.03% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -12.8% | 0.11% | −0.03 |
| JHMB John Hancock Mortgage-Backed | Reduce -55.7% | 0.02% | −0.03 |
| BOND PIMCO Active Bond Exchange-T | Reduce -15.1% | 0.10% | −0.03 |
| OEF iShares S&P 100 ETF | Reduce -19.2% | 0.07% | −0.03 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -2.8% | 0.22% | −0.03 |
| IUSG iShares Core S&P U.S. Growth | Reduce -4.1% | 0.13% | −0.03 |
| JQUA JPMorgan US Quality Factor | Reduce -4.2% | 0.17% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.9% | 0.24% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -3.2% | 0.21% | −0.02 |
| JNK SS SPDR BB High Yield Bond | Reduce -47.0% | 0.02% | −0.02 |
| SLV iShares Silver Trust | Reduce -17.6% | 0.10% | −0.02 |
| BLK BlackRock Inc. | Reduce -8.0% | 0.08% | −0.02 |
| MBB iShares MBS ETF | Reduce -33.1% | 0.04% | −0.02 |
| MCO Moody's Corp. | Reduce -6.2% | 0.07% | −0.02 |
| FELC Fidelity Enh LRG Cap Cor ETF | Reduce -5.0% | 0.12% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -14.3% | 0.07% | −0.02 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -24.0% | 0.06% | −0.02 |
| ADBE Adobe Inc. | Reduce -9.6% | 0.03% | −0.02 |
| CLS Celestica Inc. | Reduce -43.5% | 0.02% | −0.02 |
| TOTL SS Doubleline TR Tact ETF | Reduce -40.6% | 0.03% | −0.02 |
| HOOD Robinhood Markets Inc. Class A | Reduce -30.5% | 0.01% | −0.02 |
| NOW ServiceNow Inc. | Reduce -2.4% | 0.04% | −0.02 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -65.0% | 0.01% | −0.02 |
| INTU Intuit Inc. | Reduce -33.6% | 0.01% | −0.02 |
| COWG Pacer US LRG Cap Cows GR LD | Reduce -9.0% | 0.08% | −0.02 |
| FVAL Fidelity Value Factor ETF | Reduce -25.1% | 0.04% | −0.02 |
| AOA iShares Core 80/20 Aggressiv | Reduce -47.0% | 0.02% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -5.1% | 0.13% | −0.02 |
| DUSA Davis Select US Equity ETF | Reduce -1.1% | 0.18% | −0.02 |
| ACN Accenture PLC Class A | Reduce -11.5% | 0.03% | −0.02 |
| FDLO Fidelity Low Volat Fact ETF | Reduce -18.0% | 0.05% | −0.02 |
| IYF iShares US Financials ETF | Reduce -1.7% | 0.09% | −0.02 |
| MMM 3M Co. | Reduce -0.3% | 0.09% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| VISN Vistance Networks Inc. | Add +7111.2% | 0.21% | +0.20 |
| SGOV iShares 0-3 Month Treasury B | Add +152.4% | 0.34% | +0.19 |
| XOM Exxon Mobil Corp. | Add +20.1% | 0.50% | +0.18 |
| USFR Wisdomtree Floating Rate Tre | Add +78.3% | 0.38% | +0.15 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +227.8% | 0.19% | +0.13 |
| CAT Caterpillar Inc. | Add +8.7% | 0.59% | +0.11 |
| FENI Fidelity Enhanced Intl ETF | Add +32.8% | 0.56% | +0.11 |
| VTI VG Morningstar TS MKT ETF-US | Add +29.3% | 0.90% | +0.11 |
| SPHQ Invesco S&P 500 Quality ETF | Add +363.1% | 0.13% | +0.10 |
| SMH Vaneck Semiconductor ETF | Add +82.3% | 0.21% | +0.09 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +95.3% | 0.19% | +0.08 |
| FELG Fidelity Enh LRG Cap GWTH | Add +92.2% | 0.22% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +21.2% | 1.79% | +0.08 |
| DLFE FT Vest US Equity DB ETF-Feb | New | 0.07% | +0.07 |
| GLD SPDR Gold Shares | Add +12.1% | 0.70% | +0.07 |
| PYLD PIMCO Multisector Bond Actv | Add +631.1% | 0.08% | +0.07 |
| PG The Procter & Gamble Co. | Add +34.4% | 0.33% | +0.06 |
| CVX Chevron Corp. | Add +5.1% | 0.27% | +0.06 |
| XLE SS Energy Select Sector | Add +22.6% | 0.18% | +0.06 |
| PICK iShares MSCI Global Metals & | Add +7087.8% | 0.06% | +0.06 |
| MISL First Trust Indxx Aero & Def | Add +1577.6% | 0.06% | +0.06 |
| VYM Vanguard High DVD Yield ETF | Add +15.1% | 0.71% | +0.06 |
| COST Costco Wholesale Corp. | Add +8.5% | 0.43% | +0.06 |
| PPA Invesco Aerospace & Defense | Add +136.8% | 0.10% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +33.3% | 0.28% | +0.05 |
| JAAA Janus Henderson Aaa Clo ETF | Add +19.7% | 0.61% | +0.05 |
| JNJ Johnson & Johnson | Add +6.1% | 0.39% | +0.05 |
| IEMG iShares Core MSCI Emerging | Add +48.9% | 0.17% | +0.05 |
| PVAL Putnam Focused LRG Cap Value | Add +37.0% | 0.23% | +0.05 |
| ACYN FT Lad Autocall Bar Inc. ETF | New | 0.05% | +0.05 |
| PHYS Sprott Physical Gold Trust | Add +39.7% | 0.18% | +0.05 |
| FDL First Trust Morn DVD Lead Inc. | Add +46.1% | 0.13% | +0.05 |
| GEV GE Vernova Inc. | Add +28.4% | 0.13% | +0.05 |
| DHS Wisdomtree US High Dividend | Add +93.1% | 0.09% | +0.04 |
| FDMO Fidelity Momentum Factor ETF | Add +258.0% | 0.06% | +0.04 |
| CGMU Cap Group Municipal Income | Add +254.0% | 0.06% | +0.04 |
| SCIO FT Struct Credit Inc. Opp ETF | Add +2317.8% | 0.04% | +0.04 |
| BAI Ishrs AI in and Tech Act ETF | Add +166.9% | 0.07% | +0.04 |
| DIVB iShares Core Dividend ETF | Add +278.5% | 0.06% | +0.04 |
| MU Micron Technology Inc. | Add +8.8% | 0.27% | +0.04 |
| WMT Walmart Inc. | Add +7.8% | 0.44% | +0.04 |
| TDIV FT Nasdaq Tech DVD Index FD | Add +203.8% | 0.07% | +0.04 |
| LVHI Franklin International Low V | Add +29.4% | 0.17% | +0.04 |
| IYY iShares Dow Jones U.S. ETF | Add +202.6% | 0.06% | +0.04 |
| GSIE Goldman Sachs Activebeta Int | Add +2651.2% | 0.04% | +0.04 |
| FQAL Fidelity Quality Factor ETF | Add +33.6% | 0.25% | +0.04 |
| VZ Verizon Communications Inc. | Add +5.9% | 0.22% | +0.04 |
| THRO iShares U.S. Thematic Rotati | Add +183.7% | 0.06% | +0.04 |
| JIVE JPM Interntl Value ETF | Add +611.5% | 0.04% | +0.04 |
| VNLA Janus Henderson Short Durati | Add +159.0% | 0.06% | +0.03 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | call | Sold out | 18,500 | $12.6Mbefore exit |
| FCX Freeport-McMoran Inc. | call | Add +7.9% | 30,000 | $1.8M |
| NVDA Nvidia Corp. | call | Reduce -28.5% | 9,800 | $1.7M |
| AAPL Apple Inc. | call | Sold out | 5,700 | $1.5Mbefore exit |
| AVGO Broadcom Inc. | call | Sold out | 4,100 | $1.4Mbefore exit |
| SLV iShares Silver Trust | call | Sold out | 20,500 | $1.3Mbefore exit |
| META Meta Platforms Inc. Class A | call | Sold out | 1,900 | $1.3Mbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 2,100 | $1.0Mbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 3,700 | $854Kbefore exit |
| SIL Global X Silver Miners ETF | call | Sold out | 8,600 | $718Kbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -50.0% | 1,100 | $715K |
| NOW ServiceNow Inc. | call | New | 5,000 | $523K |
| COST Costco Wholesale Corp. | call | Sold out | 500 | $431Kbefore exit |
| GOOGL Alphabet Inc. Class A | call | Sold out | 1,300 | $407Kbefore exit |
| JPM JPMorgan Chase & Co. | call | Sold out | 1,200 | $387Kbefore exit |
| UNG US Natural Gas Fund LP | call | Reduce -64.5% | 27,500 | $323K |
| RTX RTX Corp. | call | New | 1,600 | $309K |
| PLTR Palantir Technologies Inc. Class A | call | Reduce -60.0% | 2,000 | $293K |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -83.9% | 500 | $289K |
| MU Micron Technology Inc. | call | Sold out | 900 | $257Kbefore exit |
| ORCL Oracle Corp. | call | Sold out | 1,300 | $253Kbefore exit |
| GOOG Alphabet Inc. Class C | call | Sold out | 800 | $251Kbefore exit |
| PCT Purecycle Technologies Inc. | call | Sold out | 25,000 | $215Kbefore exit |
| NFLX Netflix Inc. | call | Sold out | 2,200 | $206Kbefore exit |
| PANW Palo Alto Networks Inc. | call | Sold out | 1,100 | $203Kbefore exit |
| QBTS D-Wave Quantum Inc. | call | New | 12,500 | $180K |
| AUR Aurora Innovation Inc. | call | Sold out | 10,000 | $38Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.3% | 6,690 | $7.7M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.5% | 3,301 | $3.9M |
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | New | 133,788 | $1.5M |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Add +1.0% | 29,964 | $1.2M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Reduce -16.3% | 20,507 | $494K |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Sold out | 5,990 | $472Kbefore exit |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Reduce -16.4% | 21,980 | $422K |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Sold out | 7,400 | $110Kbefore exit |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 3,717 | $72Kbefore exit |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | Sold out | 1,100 | $21Kbefore exit |
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | Reduce -15.7% | 384,460 | $3K |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | Add +230.9% | 67,620 | $1K |
| MLECW Moolec Science SA | *W EXP 01/30/202 | New | 25,000 | $645 |
| BLACKROCK UTILITIES INFR- RT | RIGHT 04/02/2026 | Reduce -2.8% | 48,418 | $387 |
| NEUBERGER HIGH YIELD-RT | RIGHT 04/15/2026 | Add +1.3% | 18,964 | $152 |
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 | 3,239 | $30.9B | AAPL, NVDA, PH, QQQ, IVV |
| Q1 2026 | 3,094 | $26.4B | AAPL, PH, NVDA, IVV, QQQ |
| Q4 2025 | 4,505 | $24.2B | AAPL, NVDA, PH, IVV, MSFT |
| Q3 2025 | 2,874 | $21.8B | AAPL, NVDA, PH, MSFT, IVV |
| Q2 2025 | 2,799 | $20.5B | BRK.A, AAPL, IVV, NVDA, PH |
| Q1 2025 | 2,734 | $20.6B | BRK.A, AAPL, PH, IVV, VOO |
| Q4 2024 | 2,626 | $18.2B | AAPL, IVV, PH, NVDA, MSFT |
| Q3 2024 | 2,527 | $18.1B | AAPL, PH, MSFT, IVV, NVDA |
| Q2 2024 | 2,599 | $17.9B | AAPL, MSFT, NVDA, IVV, PH |
| Q1 2024 | 2,443 | $14.9B | AAPL, PH, MSFT, IVV, VOO |