L & S Advisors Inc
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), L & S Advisors Inc reported 210 stock positions worth $709.3 million. Its top holding was SS Blackstone Sr Loan ETF (SRLN) at 3.6% of the portfolio, followed by Apple (AAPL, 3.5%) and SPDR Gold Shares (GLD, 3.2%). Compared with Q4 2024, it opened 31 new positions, sold out of 34, added to 75 and reduced 87. The biggest buy was SPDR Gold Shares (GLD, shares +4969%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001392364
- Portfolio Value
- $709.3M (Q1 2025)
- SEC Filing
- 0001104659-25-046554 ↗ filed May 9, 2025
Holdings Value
Holdings 210 stocks · $709.3M
| SRLN SS Blackstone Sr Loan ETF | 3.65% | 629,125 | $25.9M | Add +52.2% |
| AAPL Apple Inc. | 3.45% | 110,288 | $24.5M | Reduce -7.2% |
| GLD SPDR Gold Shares | 3.16% | 77,757 | $22.4M | Add +4968.9% |
| NVDA Nvidia Corp. | 2.46% | 161,078 | $17.5M | Add +0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.32% | 29,479 | $16.5M | Reduce -60.9% |
| MSFT Microsoft Corp. | 2.13% | 40,207 | $15.1M | Reduce -19.8% |
| META Meta Platforms Inc. Class A | 2.09% | 25,716 | $14.8M | Reduce -14.9% |
| AMZN Amazon.com Inc. | 1.96% | 73,175 | $13.9M | Reduce -18.7% |
| LONZ PIMCO Senior Loan Active ETF | 1.93% | 271,091 | $13.7M | Add +96.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.90% | 32,128 | $13.5M | Reduce -1.0% |
| LLY Eli Lilly & Co. | 1.87% | 16,075 | $13.3M | Add +49.5% |
| XLE SS Energy Select Sector | 1.76% | 133,341 | $12.5M | Add +4958.5% |
| PANW Palo Alto Networks Inc. | 1.59% | 66,015 | $11.3M | Reduce -0.9% |
| ABBV Abbvie Inc. | 1.58% | 53,595 | $11.2M | Add +189.0% |
| NOC Northrop Grumman Corp. | 1.43% | 19,788 | $10.1M | Add +238.8% |
| CSCO Cisco Systems Inc. | 1.36% | 156,743 | $9.7M | Add +48.6% |
| ABT Abbott Laboratories | 1.29% | 69,107 | $9.2M | Add +282.4% |
| GOOGL Alphabet Inc. Class A | 1.22% | 56,080 | $8.7M | Add +2.3% |
| JPM JPMorgan Chase & Co. | 1.21% | 34,985 | $8.6M | Reduce -25.1% |
| AVGO Broadcom Inc. | 1.17% | 49,469 | $8.3M | Reduce -26.8% |
| WMB Williams Cos Inc. | 1.13% | 134,361 | $8.0M | Add +73.0% |
| ISRG Intuitive Surgical Inc. | 1.13% | 16,175 | $8.0M | Reduce -26.6% |
| AMLP Alerian MLP ETF | 1.13% | 154,083 | $8.0M | Add +4.1% |
| EXE Expand Energy Corp. | 1.06% | 67,369 | $7.5M | Add +8.0% |
| GILD Gilead Sciences Inc. | 1.03% | 65,246 | $7.3M | New |
| NEE Nextera Energy Inc. | 1.01% | 100,755 | $7.1M | Add +119.8% |
| CTRE Caretrust REIT Inc. | 1.00% | 248,514 | $7.1M | New |
| PH Parker Hannifin Corp. | 1.00% | 11,650 | $7.1M | Reduce -25.2% |
| GS Goldman Sachs Group Inc. | 0.99% | 12,878 | $7.0M | Reduce -25.9% |
| ROP Roper Technologies Inc. | 0.97% | 11,704 | $6.9M | New |
| CVS CVS Health Corp. | 0.96% | 100,912 | $6.8M | New |
| ALL Allstate Corp. | 0.95% | 32,548 | $6.7M | Add +110.8% |
| ETN Eaton Corp. PLC | 0.94% | 24,560 | $6.7M | Reduce -13.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.94% | 24,291 | $6.7M | Reduce -0.3% |
| BSX Boston Scientific Corp. | 0.90% | 63,565 | $6.4M | Reduce -35.6% |
| EQT Eqt Corp. | 0.90% | 119,372 | $6.4M | Add +126.3% |
| VST Vistra Corp. | 0.90% | 54,166 | $6.4M | Reduce -24.3% |
| LNG Cheniere Energy Inc. | 0.78% | 23,885 | $5.5M | Add +53.9% |
| COST Costco Wholesale Corp. | 0.77% | 5,788 | $5.5M | Reduce -29.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 9,616 | $5.1M | Add +386.9% |
| CRM Salesforce Inc. | 0.70% | 18,522 | $5.0M | Reduce -25.7% |
| FTEXX Fidelity Muni MMKT | 0.65% | 4,587,078 | $4.6M | Add +1.8% |
| C Citigroup Inc. | 0.63% | 63,108 | $4.5M | Reduce -29.6% |
| WMT Walmart Inc. | 0.63% | 50,898 | $4.5M | Reduce -56.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.61% | 17,534 | $4.4M | Reduce -44.2% |
| STT State Street Corp. | 0.61% | 48,437 | $4.3M | Reduce -41.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.61% | 51,240 | $4.3M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.60% | 25,778 | $4.3M | Reduce -0.5% |
| MMM 3M Co. | 0.60% | 28,932 | $4.2M | Reduce -51.9% |
| NFLX Netflix Inc. | 0.59% | 4,472 | $4.2M | Reduce -41.5% |
| DUK Duke Energy Corp. | 0.58% | 33,842 | $4.1M | Add +0.4% |
| CAT Caterpillar Inc. | 0.58% | 12,473 | $4.1M | New |
| DOV Dover Corp. | 0.58% | 23,353 | $4.1M | Reduce -33.2% |
| SO The Southern Co. | 0.57% | 44,341 | $4.1M | Add +0.4% |
| KMI Kinder Morgan Inc. | 0.57% | 142,343 | $4.1M | Add +0.3% |
| T AT&T Inc. | 0.57% | 143,366 | $4.1M | Reduce -8.1% |
| OKE Oneok Inc. | 0.57% | 40,775 | $4.0M | Add +0.3% |
| INTU Intuit Inc. | 0.56% | 6,437 | $4.0M | Reduce -29.6% |
| PG The Procter & Gamble Co. | 0.55% | 22,929 | $3.9M | No change |
| TSLA Tesla Inc. | 0.54% | 14,752 | $3.8M | Reduce -0.1% |
| VZ Verizon Communications Inc. | 0.54% | 84,113 | $3.8M | New |
| CME Cme Group Inc. | 0.53% | 14,055 | $3.7M | Add +6.4% |
| AVUS Avantis U.S. Equity ETF | 0.52% | 39,893 | $3.7M | Reduce -9.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.51% | 10,323 | $3.6M | Add +80.1% |
| WELL Welltower Inc. | 0.50% | 23,026 | $3.5M | New |
| UNH Unitedhealth Group Inc. | 0.48% | 6,497 | $3.4M | Add +1.3% |
| HWM Howmet Aerospace Inc. | 0.48% | 26,137 | $3.4M | Reduce -3.6% |
| CEG Constellation Energy | 0.48% | 16,788 | $3.4M | Add +5.9% |
| WM Waste Management Inc. | 0.48% | 14,615 | $3.4M | Add +0.6% |
| NRG NRG Energy Inc. | 0.47% | 34,689 | $3.3M | Reduce -0.3% |
| LB Landbridge Co. LLC-A | 0.46% | 45,708 | $3.3M | New |
| DUHP Dimensional US High Profi Et | 0.45% | 96,388 | $3.2M | Reduce -3.9% |
| TT Trane Technologies PLC | 0.43% | 8,976 | $3.0M | Reduce -24.0% |
| O Realty Income Corp. | 0.42% | 51,953 | $3.0M | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.42% | 93,621 | $3.0M | Add +1.4% |
| AVB Avalonbay Communities Inc. | 0.41% | 13,638 | $2.9M | New |
| FRT Federal Realty Invs Trust | 0.41% | 29,824 | $2.9M | New |
| HD Home Depot Inc. | 0.41% | 7,880 | $2.9M | Add +7.1% |
| AXP American Express Co. | 0.41% | 10,688 | $2.9M | Reduce -59.1% |
| AR Antero Resources Corp. | 0.40% | 69,924 | $2.8M | New |
| KLAC KLA Corp. | 0.40% | 4,133 | $2.8M | Add +2.0% |
| SYK Stryker Corp. | 0.39% | 7,426 | $2.8M | Add +7.6% |
| BWXT BWX Technologies Inc. | 0.39% | 27,817 | $2.7M | Add +4.1% |
| AEE Ameren Corporation | 0.38% | 26,961 | $2.7M | New |
| ZTS Zoetis Inc. | 0.38% | 16,168 | $2.7M | Add +1.6% |
| ORCL Oracle Corp. | 0.37% | 18,597 | $2.6M | Add +15.0% |
| DLR Digital Realty Trust Inc. | 0.37% | 18,119 | $2.6M | Reduce -70.7% |
| APD Air Products & Chemicals Inc. | 0.34% | 8,248 | $2.4M | Reduce -61.2% |
| RYCEY Rolls-Royce Holdings-SP ADR | 0.34% | 247,367 | $2.4M | New |
| EADSY Airbus SE - Unsp ADR | 0.33% | 52,927 | $2.3M | New |
| SAFRY Safran SA-Unspon ADR | 0.33% | 34,919 | $2.3M | New |
| LRCX Lam Research Corp. | 0.32% | 31,704 | $2.3M | Add +4.2% |
| JQUA JPMorgan US Quality Factor | 0.30% | 37,890 | $2.1M | Reduce -6.5% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 10,587 | $2.1M | Add +680.8% |
| BE Bloom Energy Corp. Class A | 0.30% | 106,590 | $2.1M | Reduce -4.0% |
| SMNEY Siemens Energy AG-Unsp ADR | 0.29% | 35,397 | $2.1M | Reduce -9.2% |
| CB Chubb Ltd. | 0.29% | 6,831 | $2.1M | New |
| LII Lennox International Inc. | 0.29% | 3,673 | $2.1M | Reduce -2.0% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.28% | 25,442 | $2.0M | Reduce -7.2% |
| GEV GE Vernova Inc. | 0.28% | 6,494 | $2.0M | Reduce -69.0% |
Other holdings (142): bonds, preferreds, convertibles and warrants · $101.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| US TREASURY N/B (T 2.875 11/30/25) | #N/A · principal | 5,369,000 | $5.3M | No change |
| US TREASURY N/B (T 2.5 02/28/26) | FIXED · principal | 5,262,000 | $5.2M | Add +1813.5% |
| IIP OPERATING PARTNER | 5.500 05/25/26 '26 · principal | 3,285,000 | $3.2M | Add +23.6% |
| US TREASURY N/B (T 4 02/15/26) | FIXED · principal | 2,697,000 | $2.7M | No change |
| US TREASURY N/B (T 2.75 05/15/25) | FIX · principal | 2,500,000 | $2.5M | No change |
| US TREASURY N/B (T 4.25 05/31/25) | FIX · principal | 2,313,000 | $2.3M | No change |
| TREASURY BILL (B 0 10/02/25) | BIL · principal | 2,250,000 | $2.2M | No change |
| PETROLEOS MEXICANOS | FIXED · principal | 1,989,000 | $2.0M | Add +13.3% |
| BLACKROCK TCP CAP | FIXED · principal | 1,983,000 | $2.0M | Add +17.0% |
| CITRIX SYSTEMS INC | FIXED · principal | 2,150,000 | $2.0M | Add +3.0% |
| GLOBAL MARINE INC (GLBMRN 7 06/01/28) | FIXED · principal | 1,950,000 | $1.8M | Add +7.4% |
| PARK-OHIO INDUSTRIES INC | FIXED · principal | 1,745,000 | $1.7M | Add +9.4% |
| AMC ENTERTAINMENT | 6.125 05/15/27 '26 · principal | 1,888,000 | $1.7M | Add +3.0% |
| TITAN INTERNATIONAL INC | FIXED · principal | 1,610,000 | $1.6M | Add +9.9% |
| TREASURY BILL (B 0 06/12/25) | BIL · principal | 1,596,000 | $1.6M | New |
| MERCER INTL INC (MERC 5.125 02/01/29) | Corporate Bond - Domestic · principal | 1,763,000 | $1.5M | Add +6.7% |
| PETROLEOS MEXICANOS | FIXED · principal | 1,535,000 | $1.5M | Reduce -1.6% |
| TREASURY BILL (B 0 06/20/25) | FIX · principal | 1,515,000 | $1.5M | New |
| KEYCORP CAPITAL | FIXED · principal | 1,470,000 | $1.5M | No change |
| FS KKR CAPITAL CORP (FSK 7.875 01/15/29) | Fixed Income · principal | 1,325,000 | $1.4M | Add +12.3% |
| TIAA FSB HOLDINGS INC | FIXED · principal | 1,370,000 | $1.4M | Reduce -6.5% |
| ICAHN ENTERPRISES/FIN (IEP 5.25 05/15/27) | Corporate Bond - Domestic · principal | 1,390,000 | $1.3M | Reduce -0.4% |
| US TREASURY N/B (T 3.5 09/15/25) | FIX · principal | 1,250,000 | $1.2M | No change |
| JEFFERIES FIN GROUP | FIXED · principal | 1,221,000 | $1.2M | No change |
| US TREASURY N/B (T 0.75 03/31/26) | FIXED · principal | 1,261,000 | $1.2M | New |
| TRANSOCEAN INC | FIXED · principal | 1,285,000 | $1.1M | Add +40.7% |
| ICAHN ENTERPRISES/FIN (IEP 9.75 01/15/29) | Corporate Bond - Domestic · principal | 1,055,000 | $1.0M | Add +147.1% |
| GENESIS ENERGY LP/FIN (GEL 8.25 01/15/29) | Corporate Bond - Domestic · principal | 995,000 | $1.0M | Add +29.4% |
| US TREASURY N/B (T 2.75 08/31/25) | FIXED · principal | 1,030,000 | $1.0M | No change |
| CDK GLOBAL INC | FIXED · principal | 1,097,000 | $998K | No change |
| TEGNA INC (TGNA 5 09/15/29) | Corporate Bond - Domestic · principal | 1,020,000 | $944K | No change |
| HECLA MINING CO | FIXED · principal | 940,000 | $941K | Reduce -3.6% |
| SASOL FINANCING USA LLC | FIXED · principal | 910,000 | $874K | Add +75.0% |
| MGM GROWTH/MGM FINANCE | FIXED · principal | 808,000 | $804K | Add +50.2% |
| US TREASURY N/B (T 0.375 12/31/25) | FIX · principal | 800,000 | $778K | New |
| VALERO ENERGY CORP | FIXED · principal | 750,000 | $773K | Add +200.0% |
| UNITED AIR 2020-1 B PTT | FIXED · principal | 755,328 | $753K | Add +50.2% |
| CLEVELAND-CLIFFS STEEL | FIXED · principal | 734,000 | $731K | Add +0.7% |
| US TREASURY N/B (T 1.625 02/15/26) | Bond · principal | 707,000 | $692K | New |
| NEW MOUNTAIN FINANCE COR | FIXED · principal | 675,000 | $681K | Add +110.9% |
| SFL CORP LTD | FIXED · principal | 651,000 | $669K | No change |
| TREASURY BILL (B 0 05/22/25) | BIL · principal | 671,000 | $667K | New |
| CARNIVAL CORP | FIXED · principal | 616,000 | $627K | Reduce -40.8% |
| US TREASURY N/B (T 2.875 06/15/25) | FIX · principal | 600,000 | $598K | No change |
| US TREASURY N/B (T 2.25 03/31/26) | FIXED · principal | 605,000 | $594K | New |
| VITAL ENERGY INC | FIXED · principal | 582,000 | $590K | New |
| CONCENTRIX CORP | FIXED · principal | 575,000 | $586K | Add +21.1% |
| CARNIVAL CORP | FIXED · principal | 525,000 | $552K | New |
| US TREASURY N/B (T 4 12/15/25) | #N/A · principal | 549,000 | $548K | No change |
| HF SINCLAIR CORP | FIXED · principal | 540,000 | $547K | Add +54.3% |
| TREASURY BILL (B 0 06/05/25) | FIX · principal | 550,000 | $546K | New |
| KENNEDY-WILSON INC (KW 5 03/01/31) | 5.000 03/01/31 '26 · principal | 608,000 | $532K | Add +32.8% |
| PVH CORP | FIXED · principal | 520,000 | $519K | Add +65.1% |
| US TREASURY | FIXED · principal | 516,000 | $499K | No change |
| ALBEMARLE CORP | FIXED · principal | 497,000 | $493K | New |
| RADIAN GROUP INC (RDN 4.875 03/15/27) | FIXED · principal | 475,000 | $475K | Add +46.1% |
| KINROSS GOLD CORP | #N/A · principal | 475,000 | $473K | New |
| US TREASURY N/B (T 2.625 01/31/26) | NOT · principal | 477,000 | $471K | New |
| VERISIGN INC | FIXED · principal | 465,000 | $464K | New |
| PARAMOUNT GLOBAL | FIXED · principal | 475,000 | $460K | Add +14.2% |
| US TREASURY N/B (T 0.5 02/28/26) | FIXED · principal | 475,000 | $460K | New |
| BARCLAYS PLC | FIXED · principal | 450,000 | $451K | New |
| US TREASURY N/B (T 4.75 07/31/25) | FIX · principal | 450,000 | $451K | No change |
| US TREASURY N/B (T 0.25 09/30/25) | FIX · principal | 450,000 | $441K | No change |
| BLACKROCK TCP CAP CORP | FIXED · principal | 450,000 | $437K | Add +63.6% |
| OLD DOMIN ELECTRIC CORP | FIXED · principal | 431,639 | $435K | New |
| MAIN STREET CAPITAL CORP | FIXED · principal | 420,000 | $429K | New |
| DISCOVERY COMMUNICATIONS | FIXED · principal | 425,000 | $425K | Add +21.4% |
| DEVON OEI OPERATING LLC | FIXED · principal | 400,000 | $424K | New |
| REGAL REXNORD CORPORATIONSER B | FIXED · principal | 413,000 | $416K | Add +37.7% |
| CONCENTRIX CORP | FIXED · principal | 394,000 | $410K | Add +5.3% |
| US TREASURY N/B (T 2.875 05/31/25) | FIX · principal | 405,000 | $404K | New |
| SEMPRA 5 4 26 DUE 08/01/26 | CORPORATE BONDS · principal | 400,000 | $403K | New |
| MERITAGE HOMES CORP (MTH 5.125 06/06/27) | FIXED · principal | 400,000 | $403K | New |
| AMERICAN NATIONAL GROUP | FIXED · principal | 400,000 | $400K | New |
| BANK OF AMERICA CORP | FIXED · principal | 400,000 | $399K | No change |
| NOKIA OYJ | FIXED · principal | 400,000 | $395K | New |
| CONSTELLATION EN GEN LLC | FIXED · principal | 395,000 | $394K | No change |
| MERCURY GENERAL CORP | FIXED · principal | 400,000 | $394K | New |
| LLOYDS BANKING GROUP PLC | FIXED · principal | 385,000 | $384K | No change |
| AMER AIRLN 14-1 A PTT | FIXED · principal | 393,330 | $384K | New |
| RENAISSANCERE FINANCE | FIXED · principal | 375,000 | $375K | New |
| HCA INC (HCA 4.5 02/15/27) | FIXED · principal | 375,000 | $374K | New |
| TARGA RESOURCES PARTNERS (TRGP 6.5 07/15/27) | FIXED · principal | 370,000 | $372K | New |
| WARNERMEDIA HOLDINGS INC | FIXED · principal | 375,000 | $366K | New |
| BANC OF CALIFORNIA INC | FIXED · principal | 365,000 | $364K | No change |
| GLP CAPITAL LP / FIN II | FIXED · principal | 351,000 | $352K | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 1,575,000 | $349K | Reduce -0.6% |
| UTAH ACQUISITION SUB (VTRS 3.95 06/15/26) | FIXED · principal | 350,000 | $345K | New |
| BGC GROUP INC | FIXED · principal | 335,000 | $333K | No change |
| ARROW ELECTRONICS INC | FIXED · principal | 325,000 | $325K | No change |
| XYLEM INC | FIXED · principal | 325,000 | $319K | No change |
| EDISON INTERNATIONAL | FIXED · principal | 325,000 | $318K | No change |
| VERISIGN INC | FIXED · principal | 315,000 | $315K | No change |
| LEGGETT & PLATT INC (LEG 3.5 11/15/27) | Bond · principal | 325,000 | $312K | New |
| GLOBAL PART/GLP FINANCE (GLP 7 08/01/27) | Corporate Bond - Domestic · principal | 308,000 | $307K | No change |
| AMER AIRLN 15-2 AA | FIXED · principal | 315,488 | $306K | Reduce -4.0% |
| APACHE CORP | FIXED · principal | 300,000 | $306K | No change |
| DELTA AIR LINES | FIXED · principal | 300,000 | $305K | No change |
| COMERICA BANK | FIXED · principal | 305,000 | $304K | No change |
| AGCO CORP | FIXED · principal | 300,000 | $304K | No change |
| BLOCK FINANCIAL LLC (HRB 5.25 10/01/25) | FIXED · principal | 300,000 | $300K | No change |
| ELEVANCE HEALTH INC | FIXED · principal | 300,000 | $300K | No change |
| FLEX LTD | FIXED · principal | 300,000 | $300K | No change |
| AVNET INC (AVT 4.625 04/15/26) | FIXED · principal | 300,000 | $300K | No change |
| PBF HOLDING CO LLC (PBFENE 6 02/15/28) | Corporate Bond - Domestic · principal | 320,000 | $298K | New |
| ARES CAPITAL CORP (ARCC 3.875 01/15/26) | FIXED · principal | 300,000 | $297K | No change |
| GRUPO TELEVISA | FIXED · principal | 300,000 | $296K | No change |
| EPR PROPERTIES (EPR 4.5 06/01/27) | BCO · principal | 300,000 | $296K | New |
| DCP MIDSTREAM OPERATING (DCP 5.375 07/15/25) | FIXED · principal | 283,000 | $283K | No change |
| ARES CAPITAL CORP | FIXED · principal | 270,000 | $278K | New |
| PULTEGROUP INC (PHM 5.5 03/01/26) | FIXED · principal | 275,000 | $276K | No change |
| MARATHON PETROLEUM CORP (MPC 4.7 05/01/25) | Bond · principal | 275,000 | $275K | No change |
| T-MOBILE USA INC | FIXED · principal | 275,000 | $275K | No change |
| HOST HOTELS & RESORT | FIXED · principal | 275,000 | $275K | No change |
| WESTERN MIDSTREAM OPERT | FIXED · principal | 275,000 | $274K | No change |
| BLUE OWL CAPITAL CORP (OBDC 3.75 07/22/25) | FIXED · principal | 260,000 | $259K | No change |
| US TREASURY N/B (T 2.625 04/15/25) | COM · principal | 256,000 | $256K | No change |
| LPL HOLDINGS INC | FIXED · principal | 250,000 | $254K | New |
| BGC PARTNERS INC | FIXED · principal | 255,000 | $253K | No change |
| ILLUMINA INC | FIXED · principal | 250,000 | $252K | No change |
| ENBRIDGE ENERGY PARTNERS | FIXED · principal | 250,000 | $251K | No change |
| MOTOROLA SOLUTIONS INC (MSI 7.5 05/15/25) | FIXED · principal | 250,000 | $251K | No change |
| JBS USA HOLD | FIXED · principal | 260,000 | $250K | No change |
| BANK OF AMERICA CORP (BAC 3.95 04/21/25 L) | Bond · principal | 250,000 | $250K | No change |
| JEFFERIES GRP LLC | FIXED · principal | 250,000 | $249K | No change |
| ONEOK INC (OKE 4.15 06/01/25) | FIXED · principal | 250,000 | $249K | No change |
| OAKTREE SPECIALTY LEND | FIXED · principal | 240,000 | $247K | New |
| PROSPECT CAPITAL CORP | FIXED · principal | 250,000 | $244K | No change |
| HOST HOTELS & RESORTS LP | FIXED · principal | 225,000 | $224K | New |
| CENTENE CORP | FIXED · principal | 230,000 | $224K | Add +9.5% |
| BEAZER HOMES USA (BZH 7.25 10/15/29) | FIXED · principal | 225,000 | $221K | New |
| NASDAQ INC | FIXED · principal | 219,000 | $220K | No change |
| AMER AIRLN 13-1 A PASS T | FIXED · principal | 213,580 | $212K | Reduce -6.0% |
| LEGGETT & PLATT INC (LEG 4.4 03/15/29) | Corporate Bond - Domestic · principal | 222,000 | $210K | New |
| US TREASURY N/B (T 3 07/15/25) | FIXED · principal | 210,000 | $209K | No change |
| BOEING CO/THE | FIXED · principal | 200,000 | $206K | New |
| UNION CARBIDE CORP | FIXED · principal | 200,000 | $201K | No change |
| TRANSOCEAN INC | FIXED · principal | 200,000 | $198K | No change |
| VIATRIS INC | FIXED · principal | 200,000 | $188K | No change |
| ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27) | NOTE 6.500% 9/0 · principal | 200,000 | $181K | New |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 1,040,000 | $156K | Reduce -0.5% |
Total filed on the 13F, all lines: $810.5M.
Portfolio Sells Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -60.9% | 2.32% | −3.11 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −1.19 |
| NOW ServiceNow Inc. | Reduce -79.5% | 0.24% | −1.14 |
| CMI Cummins Inc. | Sold out | 0.00% | −1.12 |
| APO Apollo Global Management Inc. | Reduce -84.7% | 0.19% | −1.10 |
| BAC Bank of America Corp. | Reduce -94.9% | 0.06% | −1.07 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −1.06 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.99 |
| DLR Digital Realty Trust Inc. | Reduce -70.7% | 0.37% | −0.98 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.87 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.85 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.82 |
| AVGO Broadcom Inc. | Reduce -26.8% | 1.17% | −0.76 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.74 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.73 |
| WMT Walmart Inc. | Reduce -56.4% | 0.63% | −0.67 |
| V Visa Inc. Class A | Reduce -94.7% | 0.04% | −0.60 |
| GEV GE Vernova Inc. | Reduce -69.0% | 0.28% | −0.57 |
| HON Honeywell International Inc. | Reduce -92.5% | 0.05% | −0.56 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.56 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.56 |
| AXP American Express Co. | Reduce -59.1% | 0.41% | −0.55 |
| MSFT Microsoft Corp. | Reduce -19.8% | 2.13% | −0.47 |
| AMZN Amazon.com Inc. | Reduce -18.7% | 1.96% | −0.47 |
| SRE Sempra | Sold out | 0.00% | −0.45 |
| PSA Public Storage | Sold out | 0.00% | −0.42 |
| APD Air Products & Chemicals Inc. | Reduce -61.2% | 0.34% | −0.42 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.41 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.40 |
| STT State Street Corp. | Reduce -41.6% | 0.61% | −0.39 |
| MMM 3M Co. | Reduce -51.9% | 0.60% | −0.36 |
| SBGSY Schneider Elect SE-Unsp ADR | Sold out | 0.00% | −0.34 |
| CRM Salesforce Inc. | Reduce -25.7% | 0.70% | −0.32 |
| VST Vistra Corp. | Reduce -24.3% | 0.90% | −0.32 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.30 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.30 |
| ISRG Intuitive Surgical Inc. | Reduce -26.6% | 1.13% | −0.28 |
| ANET Arista Networks Inc. | Reduce -85.4% | 0.04% | −0.26 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.26 |
| NFLX Netflix Inc. | Reduce -41.5% | 0.59% | −0.25 |
| IBM Intl Business Machines Corp. | Reduce -44.2% | 0.61% | −0.24 |
| GS Goldman Sachs Group Inc. | Reduce -25.9% | 0.99% | −0.23 |
| DOV Dover Corp. | Reduce -33.2% | 0.58% | −0.23 |
| PH Parker Hannifin Corp. | Reduce -25.2% | 1.00% | −0.22 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.22 |
| ETN Eaton Corp. PLC | Reduce -13.4% | 0.94% | −0.22 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.21 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.21 |
| AAPL Apple Inc. | Reduce -7.2% | 3.45% | −0.20 |
| TSLA Tesla Inc. | Reduce -0.1% | 0.54% | −0.19 |
Portfolio Buys Q4 2024 → Q1 2025
| GLD SPDR Gold Shares | Add +4968.9% | 3.16% | +3.11 |
| XLE SS Energy Select Sector | Add +4958.5% | 1.76% | +1.73 |
| SRLN SS Blackstone Sr Loan ETF | Add +52.2% | 3.65% | +1.53 |
| ABBV Abbvie Inc. | Add +189.0% | 1.58% | +1.18 |
| NOC Northrop Grumman Corp. | Add +238.8% | 1.43% | +1.09 |
| LONZ PIMCO Senior Loan Active ETF | Add +96.6% | 1.93% | +1.06 |
| ABT Abbott Laboratories | Add +282.4% | 1.29% | +1.04 |
| GILD Gilead Sciences Inc. | New | 1.03% | +1.03 |
| CTRE Caretrust REIT Inc. | New | 1.00% | +1.00 |
| ROP Roper Technologies Inc. | New | 0.97% | +0.97 |
| CVS CVS Health Corp. | New | 0.96% | +0.96 |
| LLY Eli Lilly & Co. | Add +49.5% | 1.87% | +0.85 |
| WMB Williams Cos Inc. | Add +73.0% | 1.13% | +0.62 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +386.9% | 0.72% | +0.61 |
| BNY Bank of New York Mellon Corp. | New | 0.61% | +0.61 |
| NEE Nextera Energy Inc. | Add +119.8% | 1.01% | +0.60 |
| EQT Eqt Corp. | Add +126.3% | 0.90% | +0.60 |
| CSCO Cisco Systems Inc. | Add +48.6% | 1.36% | +0.60 |
| ALL Allstate Corp. | Add +110.8% | 0.95% | +0.58 |
| CAT Caterpillar Inc. | New | 0.58% | +0.58 |
| VZ Verizon Communications Inc. | New | 0.54% | +0.54 |
| WELL Welltower Inc. | New | 0.50% | +0.50 |
| LB Landbridge Co. LLC-A | New | 0.46% | +0.46 |
| O Realty Income Corp. | New | 0.42% | +0.42 |
| AVB Avalonbay Communities Inc. | New | 0.41% | +0.41 |
| FRT Federal Realty Invs Trust | New | 0.41% | +0.41 |
| AR Antero Resources Corp. | New | 0.40% | +0.40 |
| AEE Ameren Corporation | New | 0.38% | +0.38 |
| LNG Cheniere Energy Inc. | Add +53.9% | 0.78% | +0.37 |
| RYCEY Rolls-Royce Holdings-SP ADR | New | 0.34% | +0.34 |
| EADSY Airbus SE - Unsp ADR | New | 0.33% | +0.33 |
| SAFRY Safran SA-Unspon ADR | New | 0.33% | +0.33 |
| EXE Expand Energy Corp. | Add +8.0% | 1.06% | +0.29 |
| CB Chubb Ltd. | New | 0.29% | +0.29 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +80.1% | 0.51% | +0.27 |
| GE General Electric | Add +680.8% | 0.30% | +0.27 |
| AMLP Alerian MLP ETF | Add +4.1% | 1.13% | +0.25 |
| ICE Intercontinental Exchange Inc. | New | 0.22% | +0.22 |
| EMBJ Embraer SA-Spon ADR | New | 0.19% | +0.19 |
| BA The Boeing Co. | Add +473.8% | 0.20% | +0.17 |
| DT Dynatrace Inc. | New | 0.16% | +0.16 |
| BAESY Bae Systems PLC -Spon ADR | New | 0.15% | +0.15 |
| CME Cme Group Inc. | Add +6.4% | 0.53% | +0.15 |
| DUK Duke Energy Corp. | Add +0.4% | 0.58% | +0.14 |
| SO The Southern Co. | Add +0.4% | 0.57% | +0.13 |
| WM Waste Management Inc. | Add +0.6% | 0.48% | +0.12 |
| KMI Kinder Morgan Inc. | Add +0.3% | 0.57% | +0.09 |
| FTEXX Fidelity Muni MMKT | Add +1.8% | 0.65% | +0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Add +17.5% | 0.23% | +0.09 |
| SYK Stryker Corp. | Add +7.6% | 0.39% | +0.08 |
Notes & Other Activity Q4 2024 → Q1 2025
| TREASURY BILL (B 0 02/20/25) | BIL · principal | Sold out | 10,193,000 | $10.1Mbefore exit |
| US TREASURY N/B (T 4.125 01/31/25) | FIX · principal | Sold out | 5,741,000 | $5.7Mbefore exit |
| US TREASURY N/B (T 2.5 02/28/26) | FIXED · principal | Add +1813.5% | 5,262,000 | $5.2M |
| IIP OPERATING PARTNER | 5.500 05/25/26 '26 · principal | Add +23.6% | 3,285,000 | $3.2M |
| PETROLEOS MEXICANOS | FIXED · principal | Add +13.3% | 1,989,000 | $2.0M |
| BLACKROCK TCP CAP | FIXED · principal | Add +17.0% | 1,983,000 | $2.0M |
| CITRIX SYSTEMS INC | FIXED · principal | Add +3.0% | 2,150,000 | $2.0M |
| GLOBAL MARINE INC (GLBMRN 7 06/01/28) | FIXED · principal | Add +7.4% | 1,950,000 | $1.8M |
| PARK-OHIO INDUSTRIES INC | FIXED · principal | Add +9.4% | 1,745,000 | $1.7M |
| AMC ENTERTAINMENT | 6.125 05/15/27 '26 · principal | Add +3.0% | 1,888,000 | $1.7M |
| TITAN INTERNATIONAL INC | FIXED · principal | Add +9.9% | 1,610,000 | $1.6M |
| TREASURY BILL (B 0 06/12/25) | BIL · principal | New | 1,596,000 | $1.6M |
| US TREASURY | FIXED · principal | Sold out | 1,553,000 | $1.5Mbefore exit |
| MERCER INTL INC (MERC 5.125 02/01/29) | Corporate Bond - Domestic · principal | Add +6.7% | 1,763,000 | $1.5M |
| US TREASURY | BIL · principal | Sold out | 1,518,000 | $1.5Mbefore exit |
| PETROLEOS MEXICANOS | FIXED · principal | Reduce -1.6% | 1,535,000 | $1.5M |
| TREASURY BILL (B 0 06/20/25) | FIX · principal | New | 1,515,000 | $1.5M |
| US TREASURY | BIL · principal | Sold out | 1,465,000 | $1.5Mbefore exit |
| US TREASURY | FIXED · principal | Sold out | 1,451,000 | $1.5Mbefore exit |
| FS KKR CAPITAL CORP (FSK 7.875 01/15/29) | Fixed Income · principal | Add +12.3% | 1,325,000 | $1.4M |
| US TREASURY N/B (T 1.5 02/15/25) | FIX · principal | Sold out | 1,397,000 | $1.4Mbefore exit |
| TIAA FSB HOLDINGS INC | FIXED · principal | Reduce -6.5% | 1,370,000 | $1.4M |
| ICAHN ENTERPRISES/FIN (IEP 5.25 05/15/27) | Corporate Bond - Domestic · principal | Reduce -0.4% | 1,390,000 | $1.3M |
| US TREASURY N/B (T 0.75 03/31/26) | FIXED · principal | New | 1,261,000 | $1.2M |
| TRANSOCEAN INC | FIXED · principal | Add +40.7% | 1,285,000 | $1.1M |
| ICAHN ENTERPRISES/FIN (IEP 9.75 01/15/29) | Corporate Bond - Domestic · principal | Add +147.1% | 1,055,000 | $1.0M |
| GENESIS ENERGY LP/FIN (GEL 8.25 01/15/29) | Corporate Bond - Domestic · principal | Add +29.4% | 995,000 | $1.0M |
| HECLA MINING CO | FIXED · principal | Reduce -3.6% | 940,000 | $941K |
| SASOL FINANCING USA LLC | FIXED · principal | Add +75.0% | 910,000 | $874K |
| TREASURY BILL (B 0 01/23/25) | BIL · principal | Sold out | 821,000 | $819Kbefore exit |
| MGM GROWTH/MGM FINANCE | FIXED · principal | Add +50.2% | 808,000 | $804K |
| US TREASURY N/B (T 0.375 12/31/25) | FIX · principal | New | 800,000 | $778K |
| VALERO ENERGY CORP | FIXED · principal | Add +200.0% | 750,000 | $773K |
| UNITED AIR 2020-1 B PTT | FIXED · principal | Add +50.2% | 755,328 | $753K |
| CLEVELAND-CLIFFS STEEL | FIXED · principal | Add +0.7% | 734,000 | $731K |
| US TREASURY N/B (T 1.625 02/15/26) | Bond · principal | New | 707,000 | $692K |
| NEW MOUNTAIN FINANCE COR | FIXED · principal | Add +110.9% | 675,000 | $681K |
| TREASURY BILL (B 0 05/22/25) | BIL · principal | New | 671,000 | $667K |
| CARNIVAL CORP | FIXED · principal | Reduce -40.8% | 616,000 | $627K |
| US TREASURY N/B (T 2.25 03/31/26) | FIXED · principal | New | 605,000 | $594K |
| VITAL ENERGY INC | FIXED · principal | New | 582,000 | $590K |
| CONCENTRIX CORP | FIXED · principal | Add +21.1% | 575,000 | $586K |
| CARNIVAL CORP | FIXED · principal | New | 525,000 | $552K |
| HF SINCLAIR CORP | FIXED · principal | Add +54.3% | 540,000 | $547K |
| TREASURY BILL (B 0 06/05/25) | FIX · principal | New | 550,000 | $546K |
| KENNEDY-WILSON INC (KW 5 03/01/31) | 5.000 03/01/31 '26 · principal | Add +32.8% | 608,000 | $532K |
| PVH CORP | FIXED · principal | Add +65.1% | 520,000 | $519K |
| US TREASURY N/B (T 2 02/15/25) | FIXED · principal | Sold out | 510,000 | $508Kbefore exit |
| ALBEMARLE CORP | FIXED · principal | New | 497,000 | $493K |
| RADIAN GROUP INC (RDN 4.875 03/15/27) | FIXED · principal | Add +46.1% | 475,000 | $475K |
Showing the first 50 of 103.
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 | 236 | $967.4M | AAPL, NVDA, SPY, GOOGL, CAT |
| Q1 2026 | 233 | $794.9M | SPY, AAPL, NVDA, GOOGL, AMZN |
| Q4 2025 | 244 | $979.9M | AAPL, NVDA, GOOGL, MSFT, AMZN |
| Q3 2025 | 215 | $934.8M | GLD, AAPL, NVDA, GOOGL, MSFT |
| Q2 2025 | 205 | $888.8M | SPY, NVDA, AAPL, SOXX, MSFT |
| Q1 2025 | 210 | $709.3M | SRLN, AAPL, GLD, NVDA, SPY |
| Q4 2024 | 213 | $813.1M | SPY, AAPL, NVDA, MSFT, AMZN |
| Q3 2024 | 230 | $853.9M | AAPL, NVDA, MSFT, META, AMZN |
| Q2 2024 | 215 | $778.4M | AAPL, MSFT, NVDA, AMZN, META |
| Q1 2024 | 221 | $781.6M | AAPL, MSFT, AMZN, NVDA, META |