Kornitzer Capital Management Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Kornitzer Capital Management Inc. reported 487 stock positions worth $4.9 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Chevron (CVX, 3.1%) and Apple (AAPL, 2.2%). Compared with Q2 2025, it opened 39 new positions, sold out of 32, added to 105 and reduced 212. The biggest buy was Chevron (CVX, shares +123%) and the biggest sale an exit from Hess (HES).

Most Recent 13F
Q2 2026
Location
SHAWNEE MISSION, KS
CIK
0000898358
Portfolio Value
$4.9B (Q3 2025)
SEC Filing
0000898358-25-000013 ↗ filed Oct 31, 2025

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $5.4B Q1 2024 Q2 2024: $5.3B Q2 2024 Q3 2024: $5.4B Q3 2024 Q4 2024: $5.1B Q4 2024 Q1 2025: $4.8B Q1 2025 Q2 2025: $4.9B Q2 2025 Q3 2025: $4.9B $4.9B Q3 2025 Q4 2025: $4.8B Q4 2025 Q1 2026: $4.6B Q1 2026 Q2 2026: $4.8B Q2 2026

Holdings 487 stocks · $4.9B

MSFT Microsoft Corp. 5.78% 552,049 $285.9M Reduce -1.5%
CVX Chevron Corp. 3.15% 1,003,012 $155.8M Add +122.7%
AAPL Apple Inc. 2.23% 433,445 $110.4M Add +0.1%
LLY Eli Lilly & Co. 1.91% 123,528 $94.3M Add +2.4%
COST Costco Wholesale Corp. 1.87% 99,952 $92.5M Add +1.3%
GOOGL Alphabet Inc. Class A 1.71% 347,611 $84.5M Reduce -1.1%
XOM Exxon Mobil Corp. 1.56% 682,358 $76.9M Reduce -1.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.55% 247,099 $76.5M Reduce -4.4%
KMI Kinder Morgan Inc. 1.51% 2,629,750 $74.4M Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.47% 258,111 $72.8M Reduce -0.6%
WM Waste Management Inc. 1.42% 317,761 $70.2M Add +0.2%
JNJ Johnson & Johnson 1.30% 347,695 $64.5M Reduce -0.5%
META Meta Platforms Inc. Class A 1.30% 87,522 $64.3M Reduce -2.5%
CSCO Cisco Systems Inc. 1.22% 885,171 $60.6M Reduce -0.7%
PEP Pepsico Inc. 1.17% 412,486 $57.9M Add +0.4%
QCOM Qualcomm Inc. 1.16% 344,332 $57.3M Reduce -1.0%
AMZN Amazon.com Inc. 1.15% 258,717 $56.8M Reduce -3.5%
PG The Procter & Gamble Co. 1.13% 362,985 $55.8M Reduce -0.5%
NVDA Nvidia Corp. 1.11% 294,497 $54.9M Reduce -0.5%
WMT Walmart Inc. 1.08% 519,304 $53.5M Reduce -1.3%
ABT Abbott Laboratories 1.04% 383,172 $51.3M Reduce -0.7%
COP Conocophillips 1.01% 528,598 $50.0M Reduce -0.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.99% 1,428,051 $49.1M Add +0.1%
ALL Allstate Corp. 0.98% 226,168 $48.5M Reduce -1.7%
MRK Merck & Co. Inc. 0.93% 545,054 $45.7M Add +1.3%
APA Apa Corp. 0.92% 1,873,041 $45.5M Add +7.5%
KO The Coca-Cola Co. 0.86% 637,756 $42.3M Reduce -1.2%
VZ Verizon Communications Inc. 0.82% 920,150 $40.4M Reduce -1.0%
GD General Dynamics Corp. 0.76% 109,541 $37.4M Reduce -1.8%
GILD Gilead Sciences Inc. 0.75% 334,476 $37.1M Reduce -4.3%
KMB Kimberly-Clark Corp. 0.73% 288,571 $35.9M Reduce -0.2%
TFC Truist Financial Corp. 0.67% 722,761 $33.0M Reduce -3.1%
JPM JPMorgan Chase & Co. 0.64% 100,983 $31.9M Reduce -2.8%
PFE Pfizer Inc. 0.64% 1,246,765 $31.8M Add +0.2%
TSM Taiwan Semiconductor-SP ADR 0.63% 111,014 $31.0M Reduce -1.5%
VST Vistra Corp. 0.61% 154,838 $30.3M Reduce -14.2%
MLM Martin Marietta Materials 0.61% 48,068 $30.3M Reduce -0.8%
ABBNY Abb Ltd.-Spon ADR 0.58% 400,096 $28.8M Reduce -0.4%
MSCI MSCI Inc. 0.58% 50,639 $28.7M Reduce -2.6%
MELI MercadoLibre Inc. 0.58% 12,226 $28.6M Add +0.8%
SHEL Shell PLC-ADR 0.57% 394,356 $28.2M Reduce -1.4%
VEEV Veeva Systems Inc. Class A 0.56% 93,181 $27.8M No change
CINF Cincinnati Financial Corp. 0.54% 168,002 $26.6M Reduce -0.5%
DINO HF Sinclair Corp. 0.53% 496,999 $26.0M Reduce -0.8%
T AT&T Inc. 0.53% 921,056 $26.0M Reduce -1.7%
CLX Clorox Company 0.51% 206,132 $25.4M Reduce -0.9%
BKNG Booking Holdings Inc. 0.50% 4,552 $24.6M Reduce -2.5%
V Visa Inc. Class A 0.49% 70,333 $24.0M Reduce -0.1%
NEM Newmont Corp. 0.48% 279,420 $23.6M Reduce -2.8%
AZN Astrazeneca PLC-Spons ADR 0.46% 297,777 $22.8M Add +2.3%
UL Unilever PLC 0.44% 364,944 $21.6M Reduce -1.0%
RTX RTX Corp. 0.42% 124,110 $20.8M Reduce -1.3%
CFG Citizens Financial Group 0.41% 383,714 $20.4M Reduce -3.3%
CRH CRH PLC 0.41% 167,445 $20.1M No change
SAP Sap SE-Sponsored ADR 0.41% 75,000 $20.0M No change
ASML ASML Holding NV-NY Reg SHS 0.40% 20,628 $20.0M Reduce -0.3%
RIO Rio Tinto PLC-Spon ADR 0.40% 297,740 $19.7M Reduce -0.1%
LIN Linde PLC 0.40% 41,341 $19.6M Add +0.1%
VRSK Verisk Analytics Inc. 0.40% 77,892 $19.6M Add +6.9%
CSGP Costar Group Inc. 0.40% 231,626 $19.5M Reduce -14.2%
GIS General Mills Inc. 0.39% 383,493 $19.3M Reduce -0.5%
FOUR SHIFT4 Payments Inc. Class A 0.39% 249,606 $19.3M Reduce -23.1%
TRU Transunion 0.38% 226,391 $19.0M Reduce -6.6%
VRT Vertiv Holdings Co. Class A 0.37% 122,498 $18.5M Reduce -11.2%
EMR Emerson Electric Co. 0.37% 140,682 $18.5M Reduce -1.7%
PYPL PayPal Holdings Inc. 0.37% 275,126 $18.4M Reduce -1.9%
VRNS Varonis Systems Inc. 0.36% 306,835 $17.6M No change
RSG Republic Services Inc. 0.34% 73,861 $16.9M Reduce -0.1%
GFL GFL Environmental Inc.-Sub VT 0.34% 350,000 $16.6M No change
KNSL Kinsale Capital Group Inc. 0.33% 37,990 $16.2M No change
LGND Ligand Pharmaceuticals 0.33% 91,167 $16.1M No change
BP BP PLC-Spons ADR 0.33% 468,154 $16.1M Reduce -3.5%
AON Aon PLC Class A 0.32% 44,866 $16.0M No change
GOOG Alphabet Inc. Class C 0.32% 64,176 $15.6M Add +0.9%
DLR Digital Realty Trust Inc. 0.31% 90,000 $15.6M Reduce -0.3%
K Kellanova 0.31% 188,907 $15.5M Reduce -8.1%
ELF Elf Beauty Inc. 0.31% 115,647 $15.3M Reduce -35.5%
OLED Universal Display Corp. 0.31% 105,487 $15.2M No change
GSK GSK PLC-Spon ADR 0.30% 342,974 $14.8M Reduce -0.3%
HLT Hilton Worldwide Holdings Inc. 0.30% 56,425 $14.6M New
PCOR Procore Technologies Inc. 0.29% 196,800 $14.4M Reduce -11.7%
CPRT Copart Inc. 0.29% 316,351 $14.2M No change
NTRA Natera Inc. 0.29% 88,174 $14.2M No change
ADM Archer-Daniels-Midland Co. 0.29% 237,140 $14.2M Reduce -1.2%
AME Ametek Inc. 0.29% 75,275 $14.2M Reduce -19.5%
ALC Alcon Inc. filed as ALCON AG 0.28% 188,958 $14.1M Reduce -6.9%
LYV Live Nation Entertainment Inc. 0.28% 86,000 $14.1M No change
COR Cencora Inc. 0.28% 44,595 $13.9M No change
AVGO Broadcom Inc. 0.28% 42,242 $13.9M Add +1.0%
BMY Bristol-Myers Squibb Co. 0.28% 306,109 $13.8M Reduce -0.5%
CAG Conagra Brands Inc. 0.28% 743,008 $13.6M Reduce -10.6%
WT Wisdomtree Inc. 0.27% 970,830 $13.5M No change
SYY Sysco Corp. 0.27% 163,136 $13.4M Reduce -6.5%
UBER Uber Technologies Inc. 0.27% 137,036 $13.4M Reduce -6.3%
MA Mastercard Inc. Class A 0.27% 23,306 $13.3M Add +0.6%
SNOW Snowflake Inc. 0.27% 58,725 $13.2M Add +13.2%
WMS Advanced Drainage Systems Inc. 0.27% 94,480 $13.1M Reduce -29.9%
BIRK Birkenstock Holding PLC 0.26% 287,505 $13.0M Add +12.1%
EGY Vaalco Energy Inc. 0.26% 3,200,015 $12.9M Add +6.6%
AVAV Aerovironment Inc. 0.26% 40,630 $12.8M Reduce -0.7%
CME Cme Group Inc. 0.25% 46,170 $12.5M Reduce -2.5%
IT Gartner Inc. 0.25% 46,856 $12.3M No change
GWRE Guidewire Software Inc. 0.24% 51,849 $11.9M No change
OPCH Option Care Health Inc. 0.24% 424,495 $11.8M No change
MDT Medtronic PLC 0.24% 122,733 $11.7M Reduce -1.7%
EFX Equifax Inc. 0.23% 43,767 $11.2M Reduce -0.8%
SKY Champion Homes Inc. 0.23% 146,654 $11.2M No change
MCD McDonald's Corp. 0.22% 35,812 $10.9M Reduce -4.2%
ALNY Alnylam Pharmaceuticals Inc. 0.22% 23,689 $10.8M Add +2.3%
IDXX Idexx Laboratories Inc. 0.22% 16,744 $10.7M Reduce -22.6%
JBTM JBT Marel Corp. 0.21% 75,275 $10.6M Reduce -25.8%
RGEN Repligen Corp. 0.21% 78,280 $10.5M New
SPGI S&P Global Inc. 0.21% 21,494 $10.5M Reduce -0.3%
TECH Bio-Techne Corp. 0.21% 186,685 $10.4M Reduce -0.5%
EMN Eastman Chemical Co. 0.21% 162,617 $10.3M Add +9.6%
MPC Marathon Petroleum Corp. 0.21% 52,831 $10.2M Reduce -15.9%
CIEN Ciena Corp. 0.20% 68,769 $10.0M No change
TYL Tyler Technologies Inc. 0.20% 18,489 $9.7M No change
GLW Corning Inc. 0.19% 117,410 $9.6M Reduce -8.6%
JHX James Hardie Ind PLC 0.19% 498,525 $9.6M New
BHP BHP Group Ltd.-Spon ADR 0.19% 170,270 $9.5M Add +2.1%
ICLR Icon PLC 0.19% 54,137 $9.5M Reduce -39.3%
CBRE CBRE Group Inc. Class A 0.19% 59,674 $9.4M Reduce -14.3%
STRL Sterling Infrastructure Inc. 0.19% 27,530 $9.4M Reduce -51.9%
APH Amphenol Corp. Class A 0.19% 75,327 $9.3M Reduce -23.1%
EW Edwards Lifesciences Corp. 0.19% 119,560 $9.3M Add +0.0%
KHC The Kraft Heinz Co. 0.19% 353,281 $9.2M Add +2.4%
PGNY Progyny Inc. 0.19% 426,931 $9.2M Reduce -16.6%
ADSK Autodesk Inc. 0.18% 28,123 $8.9M Reduce -13.3%
PINS Pinterest Inc. Class A 0.18% 276,096 $8.9M Add +4.5%
NVO Novo-Nordisk A/S-Spons ADR 0.18% 159,045 $8.8M Add +1.9%
FIX Comfort Systems USA Inc. 0.18% 10,600 $8.7M New
DOW Dow Inc. 0.18% 378,184 $8.7M Reduce -0.9%
NFLX Netflix Inc. 0.17% 7,182 $8.6M Reduce -8.0%
RELX Relx PLC - Spon ADR 0.17% 180,000 $8.6M No change
CL Colgate-Palmolive Co. 0.17% 107,250 $8.6M Reduce -3.2%
HALO Halozyme Therapeutics Inc. 0.17% 113,499 $8.3M Reduce -10.5%
HD Home Depot Inc. 0.17% 20,369 $8.3M Reduce -4.8%
SLAB Silicon Laboratories Inc. 0.17% 62,330 $8.2M No change
MOD Modine Manufacturing Co. 0.16% 57,370 $8.2M New
ICE Intercontinental Exchange Inc. 0.16% 48,194 $8.1M Reduce -11.8%
LION Lionsgate Studios Corp. 0.16% 1,168,914 $8.1M Add +0.1%
HP Helmerich & Payne 0.16% 363,399 $8.0M Reduce -2.5%
SNY Sanofi-ADR 0.16% 170,000 $8.0M No change
NSC Norfolk Southern Corp. 0.16% 26,350 $7.9M Reduce -0.2%
MANH Manhattan Associates Inc. 0.16% 38,000 $7.8M No change
CWAN Clearwater Analytics HDS-A 0.16% 430,350 $7.8M Add +0.6%
SU Suncor Energy Inc. 0.16% 185,208 $7.7M Reduce -5.2%
DDOG Datadog Inc. Class A 0.16% 53,900 $7.7M Add +19.8%
PLMR Palomar Holdings Inc. 0.15% 64,843 $7.6M Reduce -26.4%
UNP Union Pacific Corp. 0.15% 32,027 $7.6M Reduce -0.4%
CCL Carnival Corp. 0.15% 260,300 $7.5M New
NSSC Napco Security Technologies 0.15% 173,580 $7.5M No change
CVLT Commvault Systems Inc. 0.15% 39,190 $7.4M New
RBLX Roblox Corp. Class A 0.15% 53,250 $7.4M New
PAYX Paychex Inc. 0.15% 57,402 $7.3M Reduce -0.7%
ESTA Establishment Labs Holdings 0.15% 177,480 $7.3M Reduce -27.9%
NTNX Nutanix Inc. Class A 0.15% 96,950 $7.2M Add +2.5%
TSCO Tractor Supply Company 0.15% 126,503 $7.2M Reduce -3.0%
ECG Everus Construction Group 0.14% 83,485 $7.2M New
HQY Healthequity Inc. 0.14% 75,326 $7.1M No change
WHD Cactus Inc. Class A 0.14% 179,610 $7.1M No change
WLDN Willdan Group Inc. 0.14% 73,220 $7.1M Add +161.5%
CRDO Credo Technology Group Holdi 0.14% 48,040 $7.0M No change
CNI Canadian Natl Railway Co. 0.14% 73,998 $7.0M No change
BOOT Boot Barn Holdings Inc. 0.14% 42,045 $7.0M Reduce -23.9%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.14% 7,301 $7.0M Add +282.4%
GTLS Chart Industries Inc. 0.14% 34,644 $6.9M Reduce -47.4%
FICO Fair Isaac Corp. 0.14% 4,610 $6.9M No change
GEV GE Vernova Inc. 0.14% 11,171 $6.9M Reduce -33.9%
PSX Phillips 66 0.14% 49,949 $6.8M Reduce -1.7%
BKR Baker Hughes Co. 0.14% 139,430 $6.8M Reduce -8.0%
GPC Genuine Parts Co. 0.14% 48,889 $6.8M Reduce -20.8%
FCN Fti Consulting Inc. 0.14% 41,890 $6.8M No change
HEI.A Heico Corp. Class A 0.14% 26,600 $6.8M Reduce -31.1%
VERX Vertex Inc. Class A 0.13% 268,817 $6.7M Add +2.7%
ROST Ross Stores Inc. 0.13% 43,625 $6.6M Add +28.8%
MYRG MYR Group Inc./Delaware 0.13% 31,890 $6.6M No change
FDX FedEx Corp. 0.13% 28,096 $6.6M Reduce -7.9%
ZS Zscaler Inc. 0.13% 22,100 $6.6M Add +15.1%
CPAY Corpay Inc. 0.13% 22,844 $6.6M No change
CELH Celsius Holdings Inc. 0.13% 113,750 $6.5M Reduce -19.2%
WAY Waystar Holding Corp. 0.13% 172,380 $6.5M Add +65.9%
MAR Marriott International Class A 0.13% 25,070 $6.5M Reduce -12.5%
ESE Esco Technologies Inc. 0.13% 30,865 $6.5M No change
MEDP Medpace Holdings Inc. 0.13% 12,455 $6.4M No change
DKL Delek Logistics Partners LP 0.13% 140,000 $6.4M No change
DXCM Dexcom Inc. 0.13% 94,317 $6.3M Reduce -4.9%
CSTL Castle Biosciences Inc. 0.13% 278,314 $6.3M No change
DORM Dorman Products Inc. 0.13% 40,065 $6.2M New
C Citigroup Inc. 0.12% 60,560 $6.1M Reduce -2.8%
CP Canadian Pacific Kansas City 0.12% 82,203 $6.1M Reduce -5.4%
A Agilent Technologies Inc. 0.12% 47,571 $6.1M No change
EXPE Expedia Group Inc. 0.12% 28,509 $6.1M Add +0.1%
MMYT Makemytrip Ltd. 0.12% 65,000 $6.1M No change
HWM Howmet Aerospace Inc. 0.12% 30,800 $6.0M New
QDEL Quidelortho Corp. 0.12% 204,915 $6.0M No change
NOVT Novanta Inc. 0.12% 59,255 $5.9M No change
UNH Unitedhealth Group Inc. 0.12% 17,162 $5.9M Add +8.9%
BG Bunge Global SA 0.12% 72,315 $5.9M Add +1.7%
AXON Axon Enterprise Inc. 0.12% 8,185 $5.9M New
TREX Trex Company Inc. 0.12% 113,175 $5.8M Add +16.1%
CEG Constellation Energy 0.12% 17,680 $5.8M Reduce -0.9%
PODD Insulet Corp. 0.12% 18,500 $5.7M Reduce -26.6%
AMP Ameriprise Financial Inc. 0.11% 11,535 $5.7M New
SNN Smith & Nephew PLC -Spon ADR 0.11% 154,254 $5.6M No change
FAST Fastenal Co. 0.11% 113,598 $5.6M Add +77.3%
CCC CCC Intelligent Solutions Ho 0.11% 610,000 $5.6M No change
HLNE Hamilton Lane Inc. Class A 0.11% 41,138 $5.5M Reduce -42.2%
DKNG Draftkings Inc. Class A 0.11% 148,239 $5.5M Reduce -0.2%
RCL Royal Caribbean Cruises Ltd. 0.11% 17,126 $5.5M New
TCEHY Tencent Holdings Ltd.-Uns ADR 0.11% 65,000 $5.5M New
PEGA Pegasystems Inc. 0.11% 95,185 $5.5M Reduce -20.6%
NTRS Northern Trust Corp. 0.11% 40,342 $5.4M Reduce -1.0%
MORN Morningstar Inc. 0.11% 23,276 $5.4M Reduce -6.3%
SNPS Synopsys Inc. 0.11% 10,901 $5.4M Reduce -26.1%
SITM Sitime Corp. 0.11% 17,705 $5.3M Reduce -46.5%
ADMA Adma Biologics Inc. 0.11% 359,985 $5.3M Add +652.0%
INTA Intapp Inc. 0.11% 128,180 $5.2M Add +21.6%
ABBV Abbvie Inc. 0.10% 22,116 $5.1M Add +4.7%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 0.10% 179,519 $5.1M No change
DV Doubleverify Holdings Inc. 0.10% 419,814 $5.0M Reduce -56.4%
VVV Valvoline Inc. 0.10% 139,756 $5.0M Add +0.5%
IQV Iqvia Holdings Inc. 0.10% 26,296 $5.0M Reduce -53.3%
KRNT Kornit Digital Ltd. 0.10% 366,505 $4.9M No change
FWRG First Watch Restaurant Group 0.10% 309,387 $4.8M Reduce -1.9%
PJT PJT Partners Inc. Class A 0.10% 27,225 $4.8M New
MPWR Monolithic Power Systems Inc. 0.10% 5,227 $4.8M No change
SITE Siteone Landscape Supply Inc. 0.10% 37,190 $4.8M Reduce -33.0%
HDB HDFC Bank Ltd.-ADR 0.10% 140,000 $4.8M No change
VNOM Viper Energy Inc. Class A 0.10% 125,000 $4.8M New
HON Honeywell International Inc. 0.10% 22,524 $4.7M Add +6.8%
APD Air Products & Chemicals Inc. 0.10% 17,283 $4.7M Reduce -3.5%
SSNC Ss&c Technologies Holdings 0.09% 52,642 $4.7M Reduce -14.6%
ONTO Onto Innovation Inc. 0.09% 35,645 $4.6M No change
OS Onestream Inc. 0.09% 245,605 $4.5M New
ADI Analog Devices Inc. 0.09% 18,398 $4.5M Add +0.9%
PAY Paymentus Holdings Inc. Class A 0.09% 145,790 $4.5M New
AMGN Amgen Inc. 0.09% 15,434 $4.4M Add +1.5%
KAI Kadant Inc. 0.09% 14,540 $4.3M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 83,807 $4.3M Add +0.5%
CMCSA Comcast Corp. Class A 0.09% 135,897 $4.3M Reduce -52.2%
IONQ Ionq Inc. 0.09% 68,535 $4.2M New
WCC Wesco International Inc. 0.08% 19,855 $4.2M No change
TRNS Transcat Inc. 0.08% 56,700 $4.2M No change
LNTH Lantheus Holdings Inc. 0.08% 79,320 $4.1M No change
TENB Tenable Holdings Inc. 0.08% 139,050 $4.1M No change
ICFI Icf International Inc. 0.08% 43,504 $4.0M Reduce -60.9%
MDLZ Mondelez International Inc. Class A 0.08% 64,478 $4.0M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.08% 8,000 $4.0M Reduce -12.9%
SKYT Skywater Technology Inc. 0.08% 214,560 $4.0M New
NOW ServiceNow Inc. 0.08% 4,320 $4.0M Add +11.6%
TIC Tic Solutions Inc. filed as ACUREN CORP 0.08% 296,036 $3.9M Reduce -54.0%
VOO Vanguard S&P 500 ETF 0.08% 6,348 $3.9M Reduce -18.1%
INTU Intuit Inc. 0.08% 5,651 $3.9M Add +41.9%
MTDR Matador Resources Co. 0.08% 84,935 $3.8M No change
MTCH Match Group Inc. 0.08% 106,185 $3.8M Reduce -42.7%
WRBY Warby Parker Inc. Class A 0.07% 130,990 $3.6M No change
VCEL Vericel Corp. 0.07% 114,680 $3.6M Add +4.6%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.07% 57,796 $3.6M Reduce -12.5%
HCA HCA Healthcare Inc. 0.07% 8,225 $3.5M Reduce -0.3%
UPS United Parcel Service Class B 0.07% 41,624 $3.5M Reduce -32.3%
LLYVK Liberty Media Corp.-Liberty-C 0.07% 35,000 $3.4M No change
PBI Pitney Bowes Inc. 0.07% 293,181 $3.3M Reduce -8.7%
TMO Thermo Fisher Scientific Inc. 0.07% 6,825 $3.3M No change
RDDT Reddit Inc. Class A 0.07% 14,325 $3.3M New
KDP Keurig Dr Pepper Inc. 0.07% 128,977 $3.3M Reduce -18.4%
NTDOY Nintendo Co. Ltd.-Unspons ADR 0.07% 150,320 $3.3M No change
PTC PTC Inc. 0.07% 16,000 $3.2M No change
PANW Palo Alto Networks Inc. 0.07% 15,912 $3.2M Add +11.6%
PH Parker Hannifin Corp. 0.07% 4,257 $3.2M Reduce -0.4%
WELL Welltower Inc. 0.06% 17,900 $3.2M No change
LARK Landmark Bancorp Inc. 0.06% 119,258 $3.2M Reduce -0.9%
CRM Salesforce Inc. 0.06% 13,268 $3.1M Reduce -47.9%
PRVA Privia Health Group Inc. 0.06% 124,535 $3.1M Reduce -42.9%
PTEN Patterson-Uti Energy Inc. 0.06% 593,320 $3.1M No change
BROS Dutch Bros Inc. Class A 0.06% 58,620 $3.1M No change
USB US Bancorp 0.06% 61,083 $3.0M Add +7.9%
FWONA Liberty Media Corp. Class A 0.06% 30,529 $2.9M Reduce -16.4%
CNQ Canadian Natural Resources 0.06% 89,395 $2.9M Add +3.7%
ACM Aecom 0.06% 21,856 $2.9M Add +0.3%
HAS Hasbro Inc. 0.06% 37,275 $2.8M Reduce -6.4%
TSLA Tesla Inc. 0.06% 6,297 $2.8M Add +14.6%
ET Energy Transfer LP 0.06% 162,625 $2.8M Add +0.0%
INTC Intel Corp. 0.06% 81,224 $2.7M Reduce -58.2%
BIO Bio-Rad Laboratories-A 0.05% 9,616 $2.7M Reduce -7.0%
SYK Stryker Corp. 0.05% 7,213 $2.7M Reduce -2.2%
RHHBY Roche Holdings Ltd.-Spons ADR 0.05% 65,118 $2.7M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 3,990 $2.7M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 22,740 $2.6M Reduce -0.4%
AGX Argan Inc. 0.05% 9,590 $2.6M New
RYAAY Ryanair Holdings PLC-SP ADR 0.05% 43,000 $2.6M No change
AOS Smith (a.o.) Corp. 0.05% 35,212 $2.6M Reduce -6.1%
DAVA Endava PLC- Spon ADR 0.05% 282,815 $2.6M Reduce -0.8%
F Ford Motor Co. filed as FORD MTR CO 0.05% 212,171 $2.5M Reduce -8.6%
GE General Electric filed as GE AEROSPACE 0.05% 8,180 $2.5M Add +14.9%
OLLI Ollie's Bargain Outlet Holdi 0.05% 19,055 $2.4M Reduce -56.6%
CTAS Cintas Corp. 0.05% 11,745 $2.4M No change
SEI Solaris Energy Infrastructur 0.05% 59,925 $2.4M New
MTD Mettler-Toledo International 0.05% 1,938 $2.4M Reduce -28.3%
EHC Encompass Health Corp. 0.05% 18,520 $2.4M Reduce -0.1%
XYL Xylem Inc. 0.05% 15,483 $2.3M Reduce -56.6%
LMT Lockheed Martin Corp. 0.04% 4,433 $2.2M Add +0.3%
ISRG Intuitive Surgical Inc. 0.04% 4,898 $2.2M Reduce -1.1%
IVV iShares Core S&P 500 ETF 0.04% 3,239 $2.2M Add +5.0%
ORCL Oracle Corp. 0.04% 7,706 $2.2M Reduce -1.9%
RBA RB Global Inc. 0.04% 20,000 $2.2M Reduce -27.7%
BUR Burford Capital Ltd. 0.04% 180,800 $2.2M No change
ON On Semiconductor 0.04% 43,310 $2.1M No change
ETN Eaton Corp. PLC 0.04% 5,498 $2.1M Reduce -25.6%
DD Dupont DE Nemours Inc. 0.04% 26,298 $2.0M Reduce -0.3%
BWMN Bowman Consulting Group Ltd. 0.04% 48,000 $2.0M Reduce -17.9%
SBUX Starbucks Corp. 0.04% 23,254 $2.0M Reduce -11.1%
AMSC American Superconductor Corp. 0.04% 33,000 $2.0M Reduce -10.0%
PRMB Primo Brands Corp. 0.04% 88,600 $2.0M No change
MCK McKesson Corp. 0.04% 2,500 $1.9M No change
DHR Danaher Corp. 0.04% 9,731 $1.9M Reduce -0.1%
MMM 3M Co. 0.04% 12,380 $1.9M Reduce -12.9%
DEO Diageo PLC-Sponsored ADR 0.04% 20,039 $1.9M Reduce -1.3%
TDG Transdigm Group Inc. 0.04% 1,446 $1.9M Reduce -25.7%
NKE Nike Inc. Class B 0.04% 27,184 $1.9M Add +1.7%
AEP American Electric Power 0.04% 16,613 $1.9M Add +1.5%
BAX Baxter International Inc. 0.04% 81,935 $1.9M Reduce -2.9%
MCO Moody's Corp. 0.04% 3,895 $1.9M No change
LHX L3HARRIS Technologies Inc. 0.04% 6,032 $1.8M Reduce -3.6%
HSTM Healthstream Inc. 0.04% 63,100 $1.8M No change
ROK Rockwell Automation Inc. 0.04% 5,056 $1.8M Reduce -6.0%
TATT Tat Technologies Ltd. 0.04% 40,000 $1.8M No change
EIX Edison International 0.03% 30,619 $1.7M Add +0.2%
TSN Tyson Foods Inc. Class A 0.03% 30,055 $1.6M Reduce -8.0%
PI Impinj Inc. 0.03% 9,000 $1.6M New
EPD Enterprise Products Partners 0.03% 51,920 $1.6M No change
MTN Vail Resorts Inc. 0.03% 10,746 $1.6M No change
TTWO Take-Two Interactive Softwre 0.03% 6,208 $1.6M Add +3.5%
OSW Onespaworld Holdings Ltd. 0.03% 75,300 $1.6M No change
BLK BlackRock Inc. 0.03% 1,354 $1.6M Add +5.0%
NOG Northern Oil and Gas Inc. 0.03% 63,400 $1.6M No change
IIIV I3 Verticals Inc. Class A 0.03% 48,200 $1.6M No change
AAOI Applied Optoelectronics Inc. 0.03% 60,295 $1.6M No change
TLT iShares 20+ Year Treasury BD 0.03% 17,328 $1.5M Add +6.3%
PRCT Procept Biorobotics Corp. 0.03% 42,735 $1.5M No change
CIVI Civitas Resources Inc. 0.03% 46,795 $1.5M Add +40.3%
CAVA Cava Group Inc. 0.03% 24,875 $1.5M New
PSA Public Storage 0.03% 5,200 $1.5M No change
CDRE Cadre Holdings Inc. 0.03% 40,840 $1.5M No change
STKL Sunopta Inc. 0.03% 252,700 $1.5M No change
AMAT Applied Materials Inc. 0.03% 7,177 $1.5M Add +11.4%
HROW Harrow Inc. 0.03% 30,000 $1.4M No change
IWD iShares Russell 1000 Value E 0.03% 7,080 $1.4M Reduce -5.5%
CAH Cardinal Health Inc. 0.03% 9,044 $1.4M Add +0.5%
FERG Ferguson Enterprises Inc. 0.03% 6,300 $1.4M Reduce -88.3%
WING Wingstop Inc. 0.03% 5,520 $1.4M Reduce -75.8%
MKTX Marketaxess Holdings Inc. 0.03% 7,874 $1.4M Reduce -82.6%
ANET Arista Networks Inc. 0.03% 9,340 $1.4M Reduce -21.1%
VLO Valero Energy Corp. 0.03% 7,949 $1.4M Add +0.6%
CRGY Crescent Energy Inc. Class A 0.03% 150,000 $1.3M No change
CPB The Campbell's Company 0.03% 41,920 $1.3M Reduce -1.1%
GRDN Guardian Phrmcy Services-A 0.03% 50,000 $1.3M No change
PATK Patrick Industries Inc. 0.03% 12,600 $1.3M No change
BGS B&G Foods Inc. 0.03% 289,526 $1.3M Reduce -4.5%
ORLY O'reilly Automotive Inc. 0.03% 11,870 $1.3M Add +19.5%
KTOS Kratos Defense & Security 0.03% 14,000 $1.3M Reduce -22.2%
IEF iShares 7-10 Year Treasury B 0.03% 13,140 $1.3M Add +3.1%
BLFS Biolife Solutions Inc. 0.03% 49,000 $1.2M Add +11.4%
PCG P G & E Corp. 0.03% 82,600 $1.2M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 8,564 $1.2M Add +26.6%
LAMR Lamar Advertising Co. Class A 0.02% 9,968 $1.2M No change
GCMG GCM Grosvenor Inc. Class A 0.02% 100,000 $1.2M No change
HLMN Hillman Solutions Corp. 0.02% 130,000 $1.2M Reduce -18.8%
ECL Ecolab Inc. 0.02% 4,298 $1.2M No change
ACEL Accel Entertainment Inc. 0.02% 105,100 $1.2M No change
VTRS Viatris Inc. 0.02% 117,189 $1.2M Add +0.7%
CMC Commercial Metals Co. 0.02% 20,138 $1.2M Reduce -4.2%
CLF Cleveland-Cliffs Inc. 0.02% 93,970 $1.1M Reduce -6.5%
LMAT Lemaitre Vascular Inc. 0.02% 13,090 $1.1M Add +18.0%
VRRM Verra Mobility Corp. 0.02% 46,175 $1.1M Reduce -0.8%
ELV Elevance Health Inc. 0.02% 3,520 $1.1M Add +0.1%
DOV Dover Corp. 0.02% 6,806 $1.1M Reduce -1.5%
ESI Element Solutions Inc. 0.02% 44,300 $1.1M Reduce -54.2%
EQIX Equinix Inc. 0.02% 1,412 $1.1M No change
SRE Sempra 0.02% 12,200 $1.1M No change
CMP Compass Minerals Internation 0.02% 56,410 $1.1M Reduce -8.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.02% 14,022 $1.1M Reduce -4.3%
LW Lamb Weston Holdings Inc. 0.02% 18,480 $1.1M Reduce -0.9%
PEB Pebblebrook Hotel Trust 0.02% 90,000 $1.0M No change
NXPI NXP Semiconductors NV 0.02% 4,497 $1.0M Add +27.5%
AIOT Powerfleet Inc. 0.02% 192,990 $1.0M Add +18.4%
ASIC Ategrity Specialty Holdings 0.02% 50,000 $989K No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 2,475 $969K Add +45.6%
YUM Yum! Brands Inc. 0.02% 6,344 $964K Add +0.6%
ILMN Illumina Inc. 0.02% 10,041 $954K Reduce -22.7%
UFPT Ufp Technologies Inc. 0.02% 4,775 $953K Add +26.5%
IAU iShares Gold Trust 0.02% 13,058 $950K Reduce -14.3%
PHR Phreesia Inc. 0.02% 40,000 $941K New
NLOP Net Lease Office Property 0.02% 31,432 $932K No change
SPOT Spotify Technology SA 0.02% 1,325 $925K Reduce -3.6%
O Realty Income Corp. 0.02% 15,040 $914K No change
MAC The Macerich Co. 0.02% 50,000 $910K No change
LULU Lululemon Athletica Inc. 0.02% 5,079 $904K Reduce -82.6%
NTST Netstreit Corp. 0.02% 50,000 $903K No change
BSX Boston Scientific Corp. 0.02% 9,137 $892K Reduce -25.8%
PM Philip Morris International 0.02% 5,463 $886K Add +0.5%
AMD Advanced Micro Devices 0.02% 5,475 $886K Reduce -28.2%
OTIS Otis Worldwide Corp. 0.02% 9,684 $885K No change
IBB iShares Biotechnology ETF 0.02% 6,125 $884K New
APP AppLovin Corp. Class A 0.02% 1,225 $880K No change
RCAT Red Cat Holdings Inc. 0.02% 85,000 $880K New
STX Seagate Technology Holdings 0.02% 3,700 $873K Add +19.4%
PSTL Postal Realty Trust Inc. Class A 0.02% 55,000 $863K No change
OMCL Omnicell Inc. 0.02% 28,200 $859K Add +91.8%
MRVL Marvell Technology Inc. 0.02% 10,181 $856K Reduce -39.0%
GPK Graphic Packaging Holding Co. 0.02% 43,700 $855K No change
HAYW Hayward Holdings Inc. 0.02% 56,298 $851K Add +2.4%
EVH Evolent Health Inc. Class A 0.02% 100,600 $851K No change
XLP SS Consumer Staples Sel Sect 0.02% 10,650 $835K Reduce -46.1%
CALX Calix Inc. 0.02% 13,505 $829K No change
CDNS Cadence Design SYS Inc. 0.02% 2,351 $826K New
BA The Boeing Co. 0.02% 3,817 $824K Add +22.7%
TKR Timken Co. 0.02% 10,889 $819K Add +1.3%
STRZ Starz Entertainment Corp. 0.02% 54,792 $807K Reduce -20.2%
CPRX Catalyst Pharmaceuticals Inc. 0.02% 40,000 $788K New
WD Walker & Dunlop Inc. 0.02% 9,400 $786K No change
ARGX Argenx SE - ADR 0.02% 1,050 $774K Add +90.9%
SLP Simulations Plus Inc. 0.02% 51,000 $769K Add +121.7%
CIGI Colliers Intl GR-Subord Vot 0.02% 4,884 $763K No change
CARL Carlsmed Inc. 0.01% 55,000 $736K New
NCNO Ncino Inc. 0.01% 26,750 $725K No change
UAMY United States Antimony Corp. 0.01% 115,000 $713K New
CHCT Community Healthcare Trust I 0.01% 44,600 $682K No change
WDS Woodside Energy Group-ADR 0.01% 45,051 $678K Add +6.0%
FSLR First Solar Inc. 0.01% 3,020 $666K New
AMT American Tower Corp. 0.01% 3,400 $654K No change
SN Sharkninja Inc. 0.01% 6,295 $649K Add +3.2%
HOLX Hologic Inc. 0.01% 9,450 $638K No change
TDC Teradata Corp. 0.01% 29,000 $624K No change
LOVE The Lovesac Co. 0.01% 35,450 $600K No change
KVUE Kenvue Inc. 0.01% 36,880 $599K Reduce -52.1%
TT Trane Technologies PLC 0.01% 1,418 $598K Reduce -37.0%
WAB Wabtec Corp. 0.01% 2,975 $596K Reduce -39.0%
GDYN Grid Dynamics Holdings Inc. 0.01% 77,000 $594K Add +13.4%
LASR Nlight Inc. 0.01% 20,000 $593K No change
TXN Texas Instruments Inc. 0.01% 3,175 $583K No change
OKTA Okta Inc. 0.01% 6,300 $578K Add +33.3%
ITW Illinois Tool Works 0.01% 2,164 $564K Reduce -0.5%
CMG Chipotle Mexican Grill Inc. 0.01% 13,945 $547K Reduce -68.5%
CAT Caterpillar Inc. 0.01% 1,142 $545K Reduce -7.0%
PMTS Cpi Card Group Inc. 0.01% 35,000 $530K No change
CHD Church & Dwight Co. Inc. 0.01% 6,030 $528K Add +72.3%
AMBQ Ambiq Micro Inc. 0.01% 17,000 $509K New
DOCU Docusign Inc. 0.01% 7,035 $507K Reduce -18.0%
HUBS HubSpot Inc. 0.01% 1,056 $494K Reduce -93.0%
KIDS Orthopediatrics Corp. 0.01% 26,590 $493K No change
TMUS T-Mobile US Inc. 0.01% 1,973 $472K Reduce -4.6%
FSV Firstservice Corp. 0.01% 2,369 $451K No change
PTLO Portillo's Inc. Class A 0.01% 69,249 $447K Reduce -77.5%
TTE Totalenergies SE -Spon ADR 0.01% 7,253 $433K Reduce -41.1%
INSP Inspire Medical Systems Inc. 0.01% 5,800 $430K Reduce -88.5%
DELL Dell Technologies -C 0.01% 2,963 $420K Reduce -5.4%
MKC McCormick & Co.-Non VTG SHRS 0.01% 6,165 $413K No change
MRSH Marsh & McLennan Cos 0.01% 2,000 $403K No change
CLB Core Laboratories Inc. 0.01% 31,150 $385K Reduce -11.0%
MO Altria Group Inc. 0.01% 5,812 $384K Add +3.6%
LOW Lowe's Cos Inc. 0.01% 1,465 $368K Add +2.7%
FMC FMC Corp. 0.01% 10,667 $359K Reduce -20.1%
ALAB Astera Labs Inc. 0.01% 1,825 $357K New
UMBF Umb Financial Corp. 0.01% 2,800 $331K No change
NOC Northrop Grumman Corp. 0.01% 495 $302K Add +1.0%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.01% 2,740 $298K No change
FSS Federal Signal Corp. 0.01% 2,500 $297K Reduce -50.0%
NEE Nextera Energy Inc. 0.01% 3,903 $295K Reduce -2.5%
ZTS Zoetis Inc. 0.01% 1,967 $288K No change
FANG Diamondback Energy Inc. 0.01% 1,908 $273K Reduce -4.5%
ARCC Ares Capital Corp. 0.01% 13,311 $272K Add +2.4%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.01% 1,556 $272K No change
CMRC Commerce.com Inc. 0.01% 53,800 $268K No change
CB Chubb Ltd. 0.01% 915 $258K No change
ADP Automatic Data Processing 0.01% 850 $249K Reduce -4.5%
AFL Aflac Inc. 0.00% 2,170 $242K No change
JCI Johnson Controls Internation 0.00% 2,102 $231K Add +2.1%
PAG Penske Automotive Group Inc. 0.00% 1,271 $221K Add +1.7%
CARR Carrier Global Corp. 0.00% 3,694 $221K No change
NSRGY Nestle SA-Spons ADR 0.00% 2,310 $212K Reduce -0.9%
AIQUY Air Liquide-Unsponsored ADR 0.00% 5,069 $211K No change
SBGSY Schneider Elect SE-Unsp ADR 0.00% 3,705 $207K New
SLQT Selectquote Inc. 0.00% 15,000 $29K No change
BUKS Butler National Corp. 0.00% 12,000 $24K New
ADAPY Adaptimmune Therapeutics-ADR 0.00% 10,000 $1K No change
Other holdings (14): bonds, preferreds, convertibles and warrants · $34.5M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 110,000$7.6MNo change
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 150,000$5.9MAdd +11.1%
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 1,600,000$4.5MNo change
SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) 6 SER A CNV PREF 30,000$2.8MNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 1,100,000$2.6MReduce -15.4%
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) NOTE 1.750%12/0 · principal 1,250,000$2.0MNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 2,000,000$2.0MNew
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 2,000,000$1.7MNo change
QXO INC (QXO 5.5 05/15/28 B) 5.50 DEP PFD 30,000$1.6MNo change
LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) NOTE 0.500%12/1 · principal 750,000$1.3MNo change
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) NOTE 1.500% 9/1 · principal 600,000$770KNo change
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 750,000$693KNo change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 500,000$474KNo change
APELLIS PHARMACEUTICALS (APLS 3.5 09/15/26) NOTE 3.500% 9/1 · principal 300,000$310KNo change

Total filed on the 13F, all lines: $5.0B.

Portfolio Sells Q2 2025 → Q3 2025

HES Hess Corp. Sold out 0.00% −1.58
FOUR SHIFT4 Payments Inc. Class A Reduce -23.1% 0.39% −0.26
MNDY Monday.com Ltd. Sold out 0.00% −0.23
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.22
FERG Ferguson Enterprises Inc. Reduce -88.3% 0.03% −0.21
DV Doubleverify Holdings Inc. Reduce -56.4% 0.10% −0.19
TIC Tic Solutions Inc. Reduce -54.0% 0.08% −0.18
MKTX Marketaxess Holdings Inc. Reduce -82.6% 0.03% −0.18
HUBS HubSpot Inc. Reduce -93.0% 0.01% −0.16
KBR KBR Inc. Sold out 0.00% −0.16
CART Maplebear Inc. Sold out 0.00% −0.15
KMX Carmax Inc. Sold out 0.00% −0.15
ELF Elf Beauty Inc. Reduce -35.5% 0.31% −0.14
BRBR Bellring Brands Inc. Sold out 0.00% −0.13
AJG Arthur J Gallagher & Co. Reduce -4.4% 1.55% −0.13
WING Wingstop Inc. Reduce -75.8% 0.03% −0.13
INSP Inspire Medical Systems Inc. Reduce -88.5% 0.01% −0.12
PLMR Palomar Holdings Inc. Reduce -26.4% 0.15% −0.12
LULU Lululemon Athletica Inc. Reduce -82.6% 0.02% −0.12
CMCSA Comcast Corp. Class A Reduce -52.2% 0.09% −0.12
MDB Mongodb Inc. Sold out 0.00% −0.12
IBP Installed Building Products Sold out 0.00% −0.11
GDDY GoDaddy Inc. Class A Sold out 0.00% −0.11
ICFI Icf International Inc. Reduce -60.9% 0.08% −0.11
FDS Factset Research Systems Inc. Sold out 0.00% −0.10
VNOM Viper Energy Inc. Sold out 0.00% −0.10
VST Vistra Corp. Reduce -14.2% 0.61% −0.10
WST West Pharmaceutical Services Sold out 0.00% −0.09
HLNE Hamilton Lane Inc. Class A Reduce -42.2% 0.11% −0.09
PD Pagerduty Inc. Sold out 0.00% −0.09
MDGL Madrigal Pharmaceuticals Inc. Sold out 0.00% −0.09
IBM Intl Business Machines Corp. Reduce -0.6% 1.47% −0.08
GTLS Chart Industries Inc. Reduce -47.4% 0.14% −0.08
IQV Iqvia Holdings Inc. Reduce -53.3% 0.10% −0.08
ALC Alcon Inc. Reduce -6.9% 0.28% −0.08
STRL Sterling Infrastructure Inc. Reduce -51.9% 0.19% −0.08
CRM Salesforce Inc. Reduce -47.9% 0.06% −0.08
TTD Trade Desk Inc./the Class A Sold out 0.00% −0.08
ICLR Icon PLC Reduce -39.3% 0.19% −0.07
KO The Coca-Cola Co. Reduce -1.2% 0.86% −0.07
CAG Conagra Brands Inc. Reduce -10.6% 0.28% −0.07
OLLI Ollie's Bargain Outlet Holdi Reduce -56.6% 0.05% −0.07
ESTA Establishment Labs Holdings Reduce -27.9% 0.15% −0.07
HEI.A Heico Corp. Class A Reduce -31.1% 0.14% −0.07
PTLO Portillo's Inc. Class A Reduce -77.5% 0.01% −0.06
AME Ametek Inc. Reduce -19.5% 0.29% −0.06
UPS United Parcel Service Class B Reduce -32.3% 0.07% −0.06
BKNG Booking Holdings Inc. Reduce -2.5% 0.50% −0.05
PG The Procter & Gamble Co. Reduce -0.5% 1.13% −0.05
PYPL PayPal Holdings Inc. Reduce -1.9% 0.37% −0.05

Portfolio Buys Q2 2025 → Q3 2025

CVX Chevron Corp. Add +122.7% 3.15% +1.84
AAPL Apple Inc. Add +0.1% 2.23% +0.43
HLT Hilton Worldwide Holdings Inc. New 0.30% +0.30
APA Apa Corp. Add +7.5% 0.92% +0.27
RGEN Repligen Corp. New 0.21% +0.21
JHX James Hardie Ind PLC New 0.19% +0.19
FIX Comfort Systems USA Inc. New 0.18% +0.18
MOD Modine Manufacturing Co. New 0.16% +0.16
CCL Carnival Corp. New 0.15% +0.15
CVLT Commvault Systems Inc. New 0.15% +0.15
RBLX Roblox Corp. Class A New 0.15% +0.15
ECG Everus Construction Group New 0.14% +0.14
DORM Dorman Products Inc. New 0.13% +0.13
HWM Howmet Aerospace Inc. New 0.12% +0.12
AXON Axon Enterprise Inc. New 0.12% +0.12
AMP Ameriprise Financial Inc. New 0.11% +0.11
RCL Royal Caribbean Cruises Ltd. New 0.11% +0.11
TCEHY Tencent Holdings Ltd.-Uns ADR New 0.11% +0.11
WLDN Willdan Group Inc. Add +161.5% 0.14% +0.11
GWW WW Grainger Inc. Add +282.4% 0.14% +0.10
PJT PJT Partners Inc. Class A New 0.10% +0.10
VNOM Viper Energy Inc. Class A New 0.10% +0.10
OS Onestream Inc. New 0.09% +0.09
PAY Paymentus Holdings Inc. Class A New 0.09% +0.09
ADMA Adma Biologics Inc. Add +652.0% 0.11% +0.09
KAI Kadant Inc. New 0.09% +0.09
GOOG Alphabet Inc. Class C Add +0.9% 0.32% +0.09
IONQ Ionq Inc. New 0.09% +0.09
SKYT Skywater Technology Inc. New 0.08% +0.08
PEP Pepsico Inc. Add +0.4% 1.17% +0.07
RDDT Reddit Inc. Class A New 0.07% +0.07
ALNY Alnylam Pharmaceuticals Inc. Add +2.3% 0.22% +0.07
MRK Merck & Co. Inc. Add +1.3% 0.93% +0.06
FAST Fastenal Co. Add +77.3% 0.11% +0.06
AGX Argan Inc. New 0.05% +0.05
AZN Astrazeneca PLC-Spons ADR Add +2.3% 0.46% +0.05
SEI Solaris Energy Infrastructur New 0.05% +0.05
AVGO Broadcom Inc. Add +1.0% 0.28% +0.05
ROST Ross Stores Inc. Add +28.8% 0.13% +0.05
WAY Waystar Holding Corp. Add +65.9% 0.13% +0.05
EGY Vaalco Energy Inc. Add +6.6% 0.26% +0.04
PI Impinj Inc. New 0.03% +0.03
DDOG Datadog Inc. Class A Add +19.8% 0.16% +0.03
SNOW Snowflake Inc. Add +13.2% 0.27% +0.03
CAVA Cava Group Inc. New 0.03% +0.03
PFE Pfizer Inc. Add +0.2% 0.64% +0.03
BHP BHP Group Ltd.-Spon ADR Add +2.1% 0.19% +0.03
EXPE Expedia Group Inc. Add +0.1% 0.12% +0.03
LION Lionsgate Studios Corp. Add +0.1% 0.16% +0.03
ABBV Abbvie Inc. Add +4.7% 0.10% +0.02

Notes & Other Activity Q2 2025 → Q3 2025

ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) NOTE 6.000% 8/1 · principal Sold out 1,000,000 $6.3Mbefore exit
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A Add +11.1% 150,000 $5.9M
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal Reduce -15.4% 1,100,000 $2.6M
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal New 2,000,000 $2.0M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 541$4.8BMSFT, CVX, LLY, AAPL, GOOGL
Q1 2026 497$4.6BMSFT, CVX, XOM, AAPL, LLY
Q4 2025 495$4.8BMSFT, CVX, LLY, AAPL, GOOGL
Q3 2025 487$4.9BMSFT, CVX, AAPL, LLY, COST
Q2 2025 480$4.9BMSFT, COST, LLY, AAPL, AJG
Q1 2025 453$4.8BMSFT, AAPL, LLY, COST, HES
Q4 2024 457$5.1BMSFT, AAPL, COST, LLY, HES
Q3 2024 460$5.4BMSFT, AAPL, LLY, COST, HES
Q2 2024 459$5.3BMSFT, LLY, AAPL, COST, HES
Q1 2024 458$5.4BMSFT, LLY, HES, AAPL, COST