L & S Advisors Inc
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), L & S Advisors Inc reported 215 stock positions worth $934.8 million. Its top holding was SPDR Gold Shares (GLD) at 5.0% of the portfolio, followed by Apple (AAPL, 3.4%) and Nvidia (NVDA, 3.0%). Compared with Q2 2025, it opened 33 new positions, sold out of 23, added to 82 and reduced 68. The biggest buy was SPDR Gold Shares (GLD, shares +9155%) and the biggest sale iShares Semiconductor ETF (SOXX, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001392364
- Portfolio Value
- $934.8M (Q3 2025)
- SEC Filing
- 0001104659-25-108437 ↗ filed Nov 7, 2025
Holdings Value
Holdings 215 stocks · $934.8M
| GLD SPDR Gold Shares | 4.98% | 130,865 | $46.5M | Add +9155.0% |
| AAPL Apple Inc. | 3.44% | 126,456 | $32.2M | Add +4.6% |
| NVDA Nvidia Corp. | 3.00% | 150,128 | $28.0M | Reduce -11.4% |
| GOOGL Alphabet Inc. Class A | 2.74% | 105,333 | $25.6M | Add +82.5% |
| MSFT Microsoft Corp. | 2.55% | 46,053 | $23.9M | Reduce -2.5% |
| META Meta Platforms Inc. Class A | 2.23% | 28,369 | $20.8M | Reduce -6.5% |
| AMZN Amazon.com Inc. | 2.21% | 94,234 | $20.7M | Add +1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.04% | 28,654 | $19.1M | Reduce -49.4% |
| AVGO Broadcom Inc. | 2.01% | 56,981 | $18.8M | Reduce -0.3% |
| SRLN SS Blackstone Sr Loan ETF | 1.88% | 423,726 | $17.6M | Add +3.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.54% | 31,093 | $14.4M | Add +0.3% |
| VST Vistra Corp. | 1.54% | 73,343 | $14.4M | Add +41.5% |
| JPM JPMorgan Chase & Co. | 1.53% | 45,240 | $14.3M | Reduce -2.9% |
| STX Seagate Technology Holdings | 1.50% | 59,569 | $14.1M | Add +14.5% |
| WDC Western Digital Corp. | 1.49% | 116,345 | $14.0M | Add +101.7% |
| ETN Eaton Corp. PLC | 1.49% | 37,313 | $14.0M | Add +19.6% |
| GS Goldman Sachs Group Inc. | 1.46% | 17,112 | $13.6M | Reduce -7.0% |
| PANW Palo Alto Networks Inc. | 1.43% | 65,447 | $13.3M | Add +0.4% |
| DLR Digital Realty Trust Inc. | 1.33% | 72,103 | $12.5M | Add +11.1% |
| ORCL Oracle Corp. | 1.32% | 43,871 | $12.3M | Reduce -13.3% |
| BX Blackstone Inc. | 1.32% | 72,116 | $12.3M | Add +441.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.28% | 232,636 | $12.0M | Add +36.4% |
| STT State Street Corp. | 1.26% | 101,378 | $11.8M | Add +30.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.24% | 106,103 | $11.6M | Add +24.9% |
| C Citigroup Inc. | 1.23% | 112,866 | $11.5M | Reduce -7.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.19% | 39,798 | $11.1M | Add +8.4% |
| CMI Cummins Inc. | 1.11% | 24,592 | $10.4M | Add +26.1% |
| DELL Dell Technologies -C | 1.11% | 72,944 | $10.3M | New |
| JCI Johnson Controls Internation | 1.10% | 93,261 | $10.3M | Add +26.6% |
| VRT Vertiv Holdings Co. Class A | 1.07% | 66,493 | $10.0M | Add +63.0% |
| ABBV Abbvie Inc. | 1.06% | 42,857 | $9.9M | Add +134.8% |
| MU Micron Technology Inc. | 0.97% | 54,149 | $9.1M | New |
| MMM 3M Co. | 0.97% | 58,316 | $9.0M | Add +32.2% |
| NFLX Netflix Inc. | 0.96% | 7,483 | $9.0M | Add +0.4% |
| BSX Boston Scientific Corp. | 0.95% | 91,029 | $8.9M | Add +26.3% |
| LLY Eli Lilly & Co. | 0.94% | 11,538 | $8.8M | Reduce -32.5% |
| ROK Rockwell Automation Inc. | 0.92% | 24,508 | $8.6M | Reduce -0.9% |
| GEV GE Vernova Inc. | 0.92% | 13,921 | $8.6M | Add +12.1% |
| URI United Rentals Inc. | 0.90% | 8,816 | $8.4M | Reduce -0.6% |
| WMB Williams Cos Inc. | 0.88% | 129,900 | $8.2M | Reduce -1.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.83% | 23,681 | $7.8M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.81% | 40,854 | $7.6M | Add +365.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.80% | 51,744 | $7.5M | New |
| MLM Martin Marietta Materials | 0.74% | 10,966 | $6.9M | Add +108.2% |
| BE Bloom Energy Corp. Class A | 0.73% | 80,539 | $6.8M | Reduce -25.4% |
| LONZ PIMCO Senior Loan Active ETF | 0.71% | 130,706 | $6.7M | Add +2.7% |
| WMT Walmart Inc. | 0.69% | 62,789 | $6.5M | Reduce -0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.69% | 22,906 | $6.5M | Reduce -5.5% |
| CEG Constellation Energy | 0.66% | 18,839 | $6.2M | Add +2.7% |
| CCJ Cameco Corp. | 0.66% | 73,674 | $6.2M | Add +35.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.65% | 376,880 | $6.0M | Add +4.9% |
| HD Home Depot Inc. | 0.64% | 14,661 | $5.9M | Add +90.3% |
| BABA Alibaba Group Holding-SP ADR | 0.58% | 30,461 | $5.4M | New |
| WFC Wells Fargo & Co. | 0.54% | 60,611 | $5.1M | New |
| AVUS Avantis U.S. Equity ETF | 0.53% | 45,712 | $5.0M | Add +4.7% |
| BWXT BWX Technologies Inc. | 0.53% | 26,794 | $4.9M | Reduce -7.3% |
| RYCEY Rolls-Royce Holdings-SP ADR | 0.49% | 281,166 | $4.6M | Reduce -2.4% |
| KLAC KLA Corp. | 0.48% | 4,135 | $4.5M | Add +0.5% |
| NRG NRG Energy Inc. | 0.46% | 26,825 | $4.3M | No change |
| DUHP Dimensional US High Profi Et | 0.46% | 114,002 | $4.3M | Add +6.5% |
| SMNEY Siemens Energy AG-Unsp ADR | 0.42% | 33,783 | $4.0M | Reduce -1.8% |
| HWM Howmet Aerospace Inc. | 0.42% | 20,047 | $3.9M | Reduce -1.6% |
| KMI Kinder Morgan Inc. | 0.42% | 137,353 | $3.9M | Add +0.2% |
| O Realty Income Corp. | 0.42% | 63,851 | $3.9M | New |
| PLD Prologis Inc. | 0.41% | 33,104 | $3.8M | New |
| INTU Intuit Inc. | 0.40% | 5,541 | $3.8M | Add +1.8% |
| DUK Duke Energy Corp. | 0.40% | 30,455 | $3.8M | New |
| DTE DTE Energy Company | 0.40% | 26,540 | $3.8M | New |
| ISRG Intuitive Surgical Inc. | 0.40% | 8,334 | $3.7M | Add +4.5% |
| CME Cme Group Inc. | 0.40% | 13,728 | $3.7M | Reduce -62.2% |
| D Dominion Energy Inc. | 0.39% | 59,231 | $3.6M | New |
| SNDK Sandisk Corp. | 0.39% | 32,238 | $3.6M | New |
| EADSY Airbus SE - Unsp ADR | 0.38% | 61,519 | $3.6M | Reduce -0.9% |
| SAFRY Safran SA-Unspon ADR | 0.38% | 40,266 | $3.6M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.38% | 22,904 | $3.5M | Reduce -0.0% |
| KTOS Kratos Defense & Security | 0.37% | 37,462 | $3.4M | Reduce -30.4% |
| CLS Celestica Inc. | 0.37% | 13,857 | $3.4M | Reduce -5.3% |
| STLD Steel Dynamics Inc. | 0.36% | 24,250 | $3.4M | New |
| AXP American Express Co. | 0.36% | 10,172 | $3.4M | Reduce -54.0% |
| MTZ Mastec Inc. | 0.36% | 15,863 | $3.4M | New |
| FCFS Firstcash Holdings Inc. | 0.34% | 20,186 | $3.2M | New |
| ABBNY Abb Ltd.-Spon ADR | 0.34% | 44,154 | $3.2M | Add +953.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.34% | 6,454 | $3.2M | Reduce -47.1% |
| WM Waste Management Inc. | 0.34% | 14,245 | $3.1M | Add +0.7% |
| LNG Cheniere Energy Inc. | 0.34% | 13,329 | $3.1M | Reduce -0.5% |
| EQT Eqt Corp. | 0.32% | 54,263 | $3.0M | Reduce -5.3% |
| PH Parker Hannifin Corp. | 0.31% | 3,825 | $2.9M | Reduce -53.3% |
| IBN Icici Bank Ltd.-Spon ADR | 0.31% | 95,811 | $2.9M | Add +7.3% |
| ENVX Enovix Corp. | 0.30% | 285,015 | $2.8M | Add +16.3% |
| JQUA JPMorgan US Quality Factor | 0.30% | 44,665 | $2.8M | Add +5.0% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.30% | 27,845 | $2.8M | Add +2.1% |
| VOO Vanguard S&P 500 ETF | 0.28% | 4,327 | $2.6M | No change |
| FDT First Trust Develp MKT Ex-US | 0.28% | 34,470 | $2.6M | Add +6.8% |
| CSCO Cisco Systems Inc. | 0.28% | 37,960 | $2.6M | Reduce -14.0% |
| FXL First Trust Technology Alpha | 0.28% | 15,416 | $2.6M | Add +3.6% |
| MOAT Vaneck Morningstar Wide Moat | 0.28% | 26,006 | $2.6M | Add +9.9% |
| BN Brookfield Corp. | 0.27% | 37,027 | $2.5M | New |
| ABT Abbott Laboratories | 0.26% | 18,070 | $2.4M | Reduce -0.1% |
| SPOT Spotify Technology SA | 0.26% | 3,455 | $2.4M | Add +0.7% |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 0.25% | 26,788 | $2.4M | Add +8.9% |
| BTSG Brightspring Health Services | 0.25% | 79,573 | $2.4M | Add +9.8% |
| DEUS Xtrackers Russell US Multi | 0.23% | 37,716 | $2.2M | Add +4.1% |
| VEA Vanguard Ftse Developed ETF | 0.23% | 36,387 | $2.2M | Add +0.7% |
| SNOW Snowflake Inc. | 0.23% | 9,665 | $2.2M | Add +1.6% |
| MELI MercadoLibre Inc. | 0.23% | 921 | $2.2M | Add +2.8% |
| NOW ServiceNow Inc. | 0.23% | 2,334 | $2.1M | Reduce -72.0% |
| BAESY Bae Systems PLC -Spon ADR | 0.23% | 18,845 | $2.1M | Add +13.1% |
| GOOG Alphabet Inc. Class C | 0.22% | 8,306 | $2.0M | Reduce -17.4% |
| EMBJ Embraer SA-Spon ADR | 0.21% | 33,148 | $2.0M | Add +3.2% |
| QDEF NT Qual Div Def ETF | 0.21% | 24,838 | $2.0M | Add +5.3% |
| CRS Carpenter Technology | 0.21% | 8,020 | $2.0M | Reduce -0.9% |
| EZM Wisdomtree US Midcap Fund | 0.21% | 29,523 | $1.9M | Add +11.5% |
| DDOG Datadog Inc. Class A | 0.21% | 13,660 | $1.9M | Add +5.7% |
| ZG Zillow Group Inc. Class A | 0.20% | 25,362 | $1.9M | Add +3.7% |
| FN Fabrinet | 0.20% | 5,067 | $1.8M | New |
| ICE Intercontinental Exchange Inc. | 0.19% | 10,677 | $1.8M | Add +16.6% |
| XOM Exxon Mobil Corp. | 0.19% | 15,831 | $1.8M | Reduce -4.2% |
| AIQ Global X Art Intel & Tech | 0.19% | 35,142 | $1.7M | Add +15.5% |
| RDVY First Trust Rising Dividend | 0.18% | 25,569 | $1.7M | Add +9.2% |
| CLOB Vaneck Aa-BB Clo ETF | 0.18% | 33,372 | $1.7M | Reduce -3.8% |
| HDB HDFC Bank Ltd.-ADR | 0.18% | 48,925 | $1.7M | Add +13.4% |
| TT Trane Technologies PLC | 0.17% | 3,855 | $1.6M | Reduce -80.1% |
| MRK Merck & Co. Inc. | 0.17% | 18,398 | $1.5M | Reduce -1.5% |
| BOND PIMCO Active Bond Exchange-T | 0.16% | 16,296 | $1.5M | No change |
| BINC iShares Flex I A ETF-Usd Inc. | 0.16% | 28,500 | $1.5M | Add +48.4% |
| DBND Doubleline Oppor Cor BND-Usd | 0.16% | 31,930 | $1.5M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.15% | 2,778 | $1.4M | Add +15.5% |
| GPOR Gulfport Energy Corp. | 0.14% | 7,369 | $1.3M | Reduce -15.4% |
| COST Costco Wholesale Corp. | 0.14% | 1,432 | $1.3M | Reduce -80.0% |
| QUAL iShares MSCI USA Quality Fac | 0.14% | 6,486 | $1.3M | Add +6.8% |
| MDY State Street SPDR S&P Midcap | 0.13% | 2,095 | $1.2M | Add +67.9% |
| DFAE Dimensional Emerging Core Eq | 0.13% | 38,782 | $1.2M | Add +7.0% |
| PDN Inv Rafi Dev MKT US SM-Usdin | 0.13% | 29,659 | $1.2M | Add +6.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 1,990 | $1.2M | Reduce -95.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.13% | 14,759 | $1.2M | Add +8.8% |
| DFAS Dimensional US Small Cap ETF | 0.12% | 16,465 | $1.1M | Add +9.8% |
| GSIMX Gldmn SCHS GQG PRT Intl-Inst filed as GOLDMAN SACHS GQG PTNRS INTL OPPS INSTL | 0.12% | 47,588 | $1.1M | Reduce -6.5% |
| IWM iShares Russell 2000 ETF | 0.11% | 4,430 | $1.1M | Add +0.3% |
| MINT PIMCO Enhanced Short Maturit | 0.11% | 10,214 | $1.0M | Reduce -15.1% |
| JPST JPMorgan Ultra-Short Income | 0.11% | 19,922 | $1.0M | Reduce -9.1% |
| VWO Vanguard Ftse Emerging Marke | 0.11% | 18,404 | $997K | Add +0.3% |
| PFFD Global X US Preferred ETF | 0.11% | 51,125 | $993K | Reduce -23.9% |
| IQLT iShares MSCI International Q | 0.10% | 21,899 | $968K | No change |
| JVAL JPMorgan US Value Factor ETF | 0.10% | 20,171 | $958K | Add +9.9% |
| ORA Ormat Technologies Inc. | 0.10% | 9,773 | $941K | New |
| BYDDY BYD Co. Ltd.-Unsponsored ADR | 0.10% | 65,826 | $927K | Reduce -74.8% |
| BRLMX Bramshill Multi-STR Inc.-Inst | 0.10% | 137,251 | $906K | New |
| BBIO Bridgebio Pharma Inc. | 0.09% | 16,893 | $877K | New |
| JEPI JPMorgan Equity Premium Inco | 0.09% | 15,232 | $870K | Add +3.3% |
| PLTR Palantir Technologies Inc. Class A | 0.09% | 4,538 | $828K | Reduce -19.3% |
| BA The Boeing Co. | 0.08% | 3,595 | $776K | Add +192.5% |
| USB US Bancorp | 0.08% | 15,800 | $764K | No change |
| REGL Prshrs S&P Mid 400 DVD Arist | 0.08% | 8,528 | $728K | Reduce -14.3% |
| XLK SS Technology Select Sector | 0.08% | 2,562 | $722K | No change |
| FTSL First Trust Senior Loan ETF | 0.08% | 15,334 | $703K | Reduce -1.7% |
| KO The Coca-Cola Co. | 0.07% | 10,384 | $689K | Reduce -0.1% |
| HLMIX Hrdng LVNR Intl Eqty-Inst | 0.07% | 22,001 | $663K | Reduce -14.4% |
| XLF SS Financial Select Sector | 0.06% | 11,191 | $603K | No change |
| HYBL SS Blackstone High Inc. ETF | 0.06% | 19,381 | $555K | Reduce -3.1% |
| JPEM JPM Diversified Ret Em Equit filed as J P MORGAN EXCHANGE TRADED F | 0.06% | 9,374 | $553K | Add +11.5% |
| SOXX iShares Semiconductor ETF | 0.06% | 1,898 | $515K | Reduce -98.1% |
| BDRFF Beiersdorf AG | 0.05% | 4,793 | $501K | No change |
| ANET Arista Networks Inc. | 0.05% | 3,290 | $479K | No change |
| TSLA Tesla Inc. | 0.05% | 1,043 | $464K | Reduce -93.0% |
| XLY SS Consumer Disc Select Sect | 0.05% | 1,924 | $461K | New |
| DGRW Wisdomtree U.S. Quality Divi | 0.05% | 4,813 | $428K | Reduce -1.1% |
| HYGV NT HY Val-SCRD BD ETF | 0.05% | 10,376 | $428K | Reduce -2.2% |
| AVDE Avantis International Equity | 0.05% | 5,393 | $426K | No change |
| GE General Electric filed as GE AEROSPACE | 0.04% | 1,356 | $408K | Reduce -0.2% |
| QTEC First Trust Nasdq 100 Tech I | 0.04% | 1,763 | $405K | No change |
| IVW iShares S&P 500 Growth ETF | 0.04% | 3,234 | $390K | No change |
| ITA iShares U.S. Aerospace & Def | 0.04% | 1,783 | $373K | No change |
| EIHIX Eaton Vance Hi Inc. Opp-I | 0.04% | 85,054 | $365K | Add +2.6% |
| MFDX PIMCO Rafi Dynamic Multi-Fac filed as PIMCO EQUITY SER | 0.04% | 9,615 | $357K | No change |
| BTCC Gryscle Bitcn HGH Inc. ETF-Ui | 0.04% | 11,418 | $354K | New |
| XLRE SS Real Estate Select Sector | 0.04% | 8,279 | $349K | Add +0.0% |
| NBIS Nebius Group NV | 0.04% | 3,070 | $345K | New |
| COWZ Pacer US Cash Cows 100 ETF | 0.04% | 5,941 | $341K | Reduce -0.1% |
| DFEOX Dfa US Core Eqty 1 Port-Inst filed as DFA INVT DIMENSIONS GROUP IN US CORE EQ 1PT | 0.04% | 6,999 | $339K | No change |
| XLV SS Health Care Select Sector | 0.04% | 2,393 | $333K | New |
| XLC SS Comm Select Sector SPDR | 0.03% | 2,672 | $316K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.03% | 650 | $312K | Reduce -75.1% |
| IXN iShares Global Tech ETF | 0.03% | 3,013 | $311K | No change |
| IWO iShares Russell 2000 Growth | 0.03% | 960 | $307K | No change |
| IVE iShares S&P 500 Value ETF | 0.03% | 1,484 | $306K | No change |
| SHLD Global X Defense Tech ETF | 0.03% | 4,358 | $306K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.03% | 3,489 | $304K | No change |
| V Visa Inc. Class A | 0.03% | 891 | $304K | Reduce -96.0% |
| XLI SS Industrial Select Sector | 0.03% | 1,933 | $298K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.03% | 4,390 | $285K | New |
| FCNTX Fidelity Contrafund | 0.03% | 11,231 | $278K | No change |
| CVX Chevron Corp. | 0.03% | 1,751 | $272K | Add +1.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.03% | 1,450 | $270K | No change |
| EPD Enterprise Products Partners | 0.03% | 8,590 | $269K | No change |
| HODL Vaneck Bitcoin ETF | 0.03% | 8,180 | $265K | New |
| AMLP Alerian MLP ETF | 0.03% | 5,566 | $261K | Reduce -96.3% |
| INTC Intel Corp. | 0.03% | 7,716 | $259K | New |
| TILT NT Mstar US Ftilt ETF | 0.03% | 1,059 | $257K | No change |
| USFR Wisdomtree Floating Rate Tre | 0.03% | 5,000 | $251K | No change |
| IWY iShares Russell Top 200 Grow | 0.03% | 904 | $247K | No change |
| CRM Salesforce Inc. | 0.03% | 1,023 | $242K | New |
| RBC RBC Bearings Inc. | 0.03% | 611 | $238K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.02% | 2,513 | $231K | Reduce -0.2% |
| USHY iShares Broad Usd High Yield | 0.02% | 6,007 | $227K | Reduce -44.9% |
| DGRO iShares Core Dividend Growth | 0.02% | 3,205 | $218K | New |
| RDDT Reddit Inc. Class A | 0.02% | 924 | $213K | New |
| ET Energy Transfer LP | 0.02% | 10,814 | $186K | Reduce -1.1% |
| BCHYX Amer Cent Ca H/Y Muni-Inv filed as AMERICAN CENTURY CA HIGHYIELD | 0.02% | 16,308 | $156K | Add +1.0% |
| OPEN Opendoor Technologies Inc. | 0.01% | 17,505 | $140K | New |
| FTEXX Fidelity Muni MMKT | 0.01% | 136,250 | $136K | Reduce -97.0% |
| VCAIX Vanguard Ca Int TRM T/E-Inv | 0.01% | 10,708 | $123K | New |
| MONEY MARKET POOL | 0.00% | 11,864 | $14K | New |
| CYPRESS DEVELOPMENT CORP | 0.00% | 10,000 | $2K | No change |
| GTLL Global Technologies Ltd. | 0.00% | 310,000 | $62 | No change |
| LTNC Labor Smart Inc. | 0.00% | 28,571 | $20 | No change |
Other holdings (128): bonds, preferreds, convertibles and warrants · $105.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| US TREASURY N/B (T 2.875 11/30/25) | #N/A · principal | 5,335,000 | $5.3M | Add +0.0% |
| US TREASURY N/B (T 2.5 02/28/26) | FIXED · principal | 5,262,000 | $5.2M | No change |
| US TREASURY N/B (T 4.125 06/15/26) | NOT · principal | 4,428,000 | $4.4M | No change |
| TREASURY BILL (B 0 10/23/25) | BIL · principal | 3,508,000 | $3.5M | New |
| IIP OPERATING PARTNER | 5.500 05/25/26 '26 · principal | 3,336,000 | $3.3M | Add +0.5% |
| US TREASURY N/B (T 4 02/15/26) | FIXED · principal | 2,697,000 | $2.7M | No change |
| TREASURY BILL (B 0 10/02/25) | BIL · principal | 2,250,000 | $2.2M | No change |
| PETROLEOS MEXICANOS | FIXED · principal | 1,971,000 | $2.1M | Reduce -3.4% |
| CITRIX SYSTEMS INC | FIXED · principal | 2,216,000 | $2.1M | Reduce -3.4% |
| AMC ENTERTAINMENT | 6.125 05/15/27 '26 · principal | 2,230,000 | $2.1M | Add +12.2% |
| BLACKROCK TCP CAP | FIXED · principal | 1,921,000 | $2.0M | Reduce -0.5% |
| ICAHN ENTERPRISES/FIN (IEP 9.75 01/15/29) | Corporate Bond - Domestic · principal | 1,855,000 | $1.9M | Add +39.1% |
| GLOBAL MARINE INC (GLBMRN 7 06/01/28) | FIXED · principal | 1,915,000 | $1.9M | Reduce -1.5% |
| VITAL ENERGY INC | FIXED · principal | 1,650,000 | $1.7M | Add +31.8% |
| FS KKR CAPITAL CORP (FSK 7.875 01/15/29) | Fixed Income · principal | 1,590,000 | $1.7M | Add +21.2% |
| SASOL FINANCING USA LLC | FIXED · principal | 1,575,000 | $1.6M | Add +8.3% |
| TITAN INTERNATIONAL INC | FIXED · principal | 1,531,000 | $1.5M | Reduce -6.9% |
| KEYCORP CAPITAL | FIXED · principal | 1,470,000 | $1.5M | Add +2.8% |
| CDK GLOBAL INC | FIXED · principal | 1,564,000 | $1.5M | Add +20.8% |
| PBF HOLDING CO LLC (PBFENE 6 02/15/28) | Corporate Bond - Domestic · principal | 1,397,000 | $1.4M | Add +62.3% |
| TRANSOCEAN INC | FIXED · principal | 1,484,000 | $1.4M | Add +7.8% |
| MERCER INTL INC (MERC 5.125 02/01/29) | Corporate Bond - Domestic · principal | 1,753,000 | $1.3M | Reduce -3.8% |
| US TREASURY N/B (T 0.75 03/31/26) | FIXED · principal | 1,261,000 | $1.2M | No change |
| US TREASURY N/B (T 3.5 09/30/26) | FIX · principal | 1,192,000 | $1.2M | New |
| ICAHN ENTERPRISES/FIN (IEP 5.25 05/15/27) | Corporate Bond - Domestic · principal | 1,210,000 | $1.2M | Reduce -9.0% |
| PETROLEOS MEXICANOS | FIXED · principal | 1,135,000 | $1.1M | Reduce -22.3% |
| TREASURY BILL (B 0 10/09/25) | BIL · principal | 1,100,000 | $1.1M | New |
| NEWELL BRANDS INC (NWL 6.625 09/15/29) | FIXED · principal | 980,000 | $980K | Reduce -3.0% |
| CARNIVAL CORP | FIXED · principal | 890,000 | $931K | No change |
| GENESIS ENERGY LP/FIN (GEL 8.25 01/15/29) | Corporate Bond - Domestic · principal | 890,000 | $928K | Reduce -8.3% |
| TEGNA INC (TGNA 5 09/15/29) | Corporate Bond - Domestic · principal | 915,000 | $909K | Reduce -7.6% |
| TREEHOUSE FOODS INC | FIXED · principal | 892,000 | $865K | Add +168.7% |
| NEW MOUNTAIN FINANCE COR | FIXED · principal | 825,000 | $842K | Add +12.2% |
| US TREASURY N/B (T 1.875 06/30/26) | FIXED · principal | 850,000 | $838K | No change |
| US TREASURY N/B (T 2.25 03/31/26) | FIXED · principal | 840,000 | $833K | No change |
| MGM GROWTH/MGM FINANCE | FIXED · principal | 808,000 | $805K | No change |
| US TREASURY N/B (T 0.375 12/31/25) | FIX · principal | 800,000 | $793K | No change |
| VALERO ENERGY CORP | FIXED · principal | 750,000 | $767K | No change |
| GOLDMAN SACKS BDC INC | FIXED · principal | 740,000 | $757K | No change |
| CLEVELAND-CLIFFS STEEL | FIXED · principal | 756,000 | $756K | Add +3.6% |
| UNITED AIR 2020-1 B PTT | FIXED · principal | 704,808 | $705K | Reduce -3.3% |
| US TREASURY N/B (T 1.625 02/15/26) | Bond · principal | 707,000 | $701K | No change |
| CA INC | FIXED · principal | 686,000 | $691K | New |
| US TREASURY N/B (T 1.5 08/15/26) | NOT · principal | 660,000 | $647K | New |
| ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27) | NOTE 6.500% 9/0 · principal | 703,000 | $642K | Add +2.2% |
| ORANGE & ROCKLAND UTILIT | FIXED · principal | 620,000 | $639K | New |
| US TREASURY BILL25 U S T BILL | FIXED · principal | 600,000 | $600K | New |
| CONCENTRIX CORP | FIXED · principal | 575,000 | $583K | No change |
| AMER AIRLINE 16-1 A | FIXED · principal | 591,264 | $575K | Add +148.2% |
| KENNEDY-WILSON INC (KW 5 03/01/31) | 5.000 03/01/31 '26 · principal | 610,000 | $569K | Reduce -8.7% |
| CARNIVAL CORP | FIXED · principal | 538,000 | $557K | Reduce -1.5% |
| US TREASURY N/B (T 4 12/15/25) | #N/A · principal | 549,000 | $549K | No change |
| YAMANA GOLD INC | FIXED · principal | 545,000 | $545K | No change |
| BLACKSTONE SECRUED LEND | FIXED · principal | 531,000 | $543K | New |
| REGAL REXNORD CORPORATIONSER B | FIXED · principal | 538,000 | $541K | No change |
| HAWAIIAN AIRLINES 13-1A | FIXED · principal | 536,536 | $532K | Reduce -5.3% |
| MAIN STREET CAPITAL CORP | FIXED · principal | 520,000 | $531K | Add +23.8% |
| F&G ANNUITIES & LIFE INC | FIXED · principal | 502,000 | $527K | New |
| DEVON OEI OPERATING LLC | FIXED · principal | 492,000 | $519K | Add +23.0% |
| ARROW ELECTRONICS INC | FIXED · principal | 500,000 | $518K | No change |
| ALBEMARLE CORP | FIXED · principal | 517,000 | $518K | No change |
| VERISIGN INC | FIXED · principal | 515,000 | $515K | No change |
| UNIVERSAL INSURANCE HLDS | FIXED · principal | 513,000 | $506K | New |
| US TREASURY | FIXED · principal | 516,000 | $506K | No change |
| BARCLAYS PLC | FIXED · principal | 500,000 | $502K | No change |
| US TREASURY | FIXED · principal | 506,000 | $502K | New |
| AMER AIRLN 15-2 AA | FIXED · principal | 511,421 | $500K | Add +62.1% |
| MERCURY GENERAL CORP | FIXED · principal | 500,000 | $498K | No change |
| FS KKR CAPITAL CORP | FIXED · principal | 499,000 | $497K | No change |
| SARATOGA INVESTMENT CORP | FIXED · principal | 500,000 | $496K | Add +100.0% |
| AON CORP | FIXED · principal | 471,000 | $493K | No change |
| US TREASURY N/B (T 0.75 05/31/26) | FIX · principal | 500,000 | $490K | New |
| LLOYDS BANKING GROUP PLC | FIXED · principal | 485,000 | $485K | No change |
| KINROSS GOLD CORP | #N/A · principal | 475,000 | $477K | No change |
| RADIAN GROUP INC (RDN 4.875 03/15/27) | FIXED · principal | 475,000 | $476K | No change |
| PARAMOUNT GLOBAL | FIXED · principal | 475,000 | $471K | No change |
| HECLA MINING CO | FIXED · principal | 465,000 | $468K | Reduce -50.5% |
| US TREASURY N/B (T 0.5 02/28/26) | FIXED · principal | 475,000 | $468K | No change |
| CARYLE SECURED LENDING | FIXED · principal | 446,000 | $463K | Reduce -11.0% |
| BLACKROCK TCP CAP CORP | FIXED · principal | 450,000 | $445K | No change |
| SEAGATE HDD CAYMAN | FIXED · principal | 510,000 | $441K | New |
| OLD DOMIN ELECTRIC CORP | FIXED · principal | 431,639 | $435K | No change |
| FS KKR CAPITAL CORP | FIXED · principal | 450,000 | $435K | New |
| EDISON INTERNTNL | FIXED · principal | 420,000 | $425K | New |
| AMER AIRLN 14-1 A PTT | FIXED · principal | 421,464 | $417K | No change |
| BEAZER HOMES USA (BZH 7.25 10/15/29) | FIXED · principal | 405,000 | $409K | No change |
| SEMPRA 5 4 26 DUE 08/01/26 | CORPORATE BONDS · principal | 400,000 | $404K | No change |
| MERITAGE HOMES CORP (MTH 5.125 06/06/27) | FIXED · principal | 400,000 | $403K | No change |
| AMERICAN NATIONAL GROUP | FIXED · principal | 400,000 | $403K | No change |
| JEFFERIES FIN GROUP | FIXED · principal | 400,000 | $402K | No change |
| GLOBAL PAYMENTS INC | FIXED · principal | 400,000 | $400K | No change |
| EPR PROPERTIES (EPR 4.5 06/01/27) | BCO · principal | 400,000 | $400K | No change |
| NOKIA OYJ | FIXED · principal | 400,000 | $399K | No change |
| OMEGA HLTHCARE INVESTORS (OHI 5.25 01/15/26) | COM · principal | 387,000 | $387K | No change |
| US TREASURY N/B (T 2.375 04/30/26) | Fixed Income · principal | 383,000 | $380K | No change |
| ARES CAPITAL CORP | FIXED · principal | 365,000 | $376K | No change |
| HCA INC (HCA 4.5 02/15/27) | FIXED · principal | 375,000 | $376K | No change |
| CLECO CORPORATE HOLDINGS | FIXED · principal | 375,000 | $372K | No change |
| UTAH ACQUISITION SUB (VTRS 3.95 06/15/26) | FIXED · principal | 350,000 | $348K | No change |
| BGC GROUP INC | FIXED · principal | 335,000 | $335K | No change |
| CONCENTRIX CORP | FIXED · principal | 304,000 | $318K | Reduce -17.6% |
| AGCO CORP | FIXED · principal | 300,000 | $304K | No change |
| APACHE CORP | FIXED · principal | 300,000 | $303K | No change |
| DELTA AIR LINES | FIXED · principal | 300,000 | $301K | No change |
| AVNET INC (AVT 4.625 04/15/26) | FIXED · principal | 300,000 | $300K | No change |
| ARES CAPITAL CORP (ARCC 3.875 01/15/26) | FIXED · principal | 300,000 | $299K | No change |
| GRUPO TELEVISA | FIXED · principal | 300,000 | $298K | No change |
| ADAMAS TRUST INC | FIXED · principal | 300,000 | $297K | New |
| PHILLIPS 66 PARTNERS LP | FIXED · principal | 300,000 | $296K | No change |
| AMER AIRLINE 17-2 | FIXED · principal | 292,257 | $292K | No change |
| US TREASURY N/B (T 2.625 01/31/26) | NOT · principal | 277,000 | $276K | Reduce -41.9% |
| PULTEGROUP INC (PHM 5.5 03/01/26) | FIXED · principal | 275,000 | $275K | No change |
| TEXAS GAS TRANSMISSION | FIXED · principal | 250,000 | $261K | No change |
| LPL HOLDINGS INC | FIXED · principal | 250,000 | $255K | No change |
| CENTENE CORP | FIXED · principal | 260,000 | $254K | Add +13.0% |
| BGC PARTNERS INC | FIXED · principal | 255,000 | $254K | No change |
| ILLUMINA INC | FIXED · principal | 250,000 | $250K | No change |
| TREASURY BILL (B 0 11/20/25) | BIL · principal | 251,000 | $250K | New |
| ARCELORMITTAL SA | FIXED · principal | 230,000 | $240K | No change |
| HOST HOTELS & RESORTS LP | FIXED · principal | 240,000 | $240K | Add +6.7% |
| UNITED AIR 2020-1 A | FIXED · principal | 221,266 | $227K | Reduce -7.2% |
| OAKTREE SPECIALTY LEND | FIXED · principal | 215,000 | $222K | Reduce -8.5% |
| NUTRIEN CA HOLDINGS ULC | FIXED · principal | 211,000 | $217K | New |
| BOEING CO/THE | FIXED · principal | 200,000 | $206K | No change |
| TRANSOCEAN INC | FIXED · principal | 200,000 | $199K | No change |
| LEGGETT & PLATT INC (LEG 3.5 11/15/27) | Bond · principal | 200,000 | $196K | No change |
| VIATRIS INC | FIXED · principal | 200,000 | $193K | No change |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 1,040,000 | $13K | Add +3.0% |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q2 2025 → Q3 2025
| SOXX iShares Semiconductor ETF | Reduce -98.1% | 0.06% | −2.61 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −2.60 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -95.3% | 0.13% | −2.49 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -49.4% | 2.04% | −1.90 |
| V Visa Inc. Class A | Reduce -96.0% | 0.03% | −0.86 |
| AMLP Alerian MLP ETF | Reduce -96.3% | 0.03% | −0.80 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.79 |
| TT Trane Technologies PLC | Reduce -80.1% | 0.17% | −0.78 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.76 |
| DOV Dover Corp. | Sold out | 0.00% | −0.75 |
| NOW ServiceNow Inc. | Reduce -72.0% | 0.23% | −0.74 |
| CME Cme Group Inc. | Reduce -62.2% | 0.40% | −0.73 |
| AGCO Agco Corp. | Sold out | 0.00% | −0.73 |
| RTX RTX Corp. | Sold out | 0.00% | −0.71 |
| DE Deere & Co. | Sold out | 0.00% | −0.71 |
| COST Costco Wholesale Corp. | Reduce -80.0% | 0.14% | −0.66 |
| LLY Eli Lilly & Co. | Reduce -32.5% | 0.94% | −0.56 |
| FTEXX Fidelity Muni MMKT | Reduce -97.0% | 0.01% | −0.50 |
| TSLA Tesla Inc. | Reduce -93.0% | 0.05% | −0.48 |
| T AT&T Inc. | Sold out | 0.00% | −0.45 |
| AXP American Express Co. | Reduce -54.0% | 0.36% | −0.43 |
| BYDDY BYD Co. Ltd.-Unsponsored ADR | Reduce -74.8% | 0.10% | −0.36 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -47.1% | 0.34% | −0.36 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.35 |
| PH Parker Hannifin Corp. | Reduce -53.3% | 0.31% | −0.33 |
| NGG National Grid PLC-SP ADR | Sold out | 0.00% | −0.33 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.32 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.32 |
| LB Landbridge Co. LLC-A | Sold out | 0.00% | −0.32 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.30 |
| META Meta Platforms Inc. Class A | Reduce -6.5% | 2.23% | −0.29 |
| AEE Ameren Corporation | Sold out | 0.00% | −0.25 |
| DT Dynatrace Inc. | Sold out | 0.00% | −0.19 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.18 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.16 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.14 |
| IBM Intl Business Machines Corp. | Reduce -5.5% | 0.69% | −0.11 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -75.1% | 0.03% | −0.10 |
| MSFT Microsoft Corp. | Reduce -2.5% | 2.55% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -14.0% | 0.28% | −0.07 |
| EQT Eqt Corp. | Reduce -5.3% | 0.32% | −0.06 |
| GPOR Gulfport Energy Corp. | Reduce -15.4% | 0.14% | −0.05 |
| WMB Williams Cos Inc. | Reduce -1.3% | 0.88% | −0.05 |
| CRS Carpenter Technology | Reduce -0.9% | 0.21% | −0.04 |
| BIZD Vaneck BDC Income ETF | Sold out | 0.00% | −0.04 |
| PFFD Global X US Preferred ETF | Reduce -23.9% | 0.11% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -0.0% | 0.38% | −0.03 |
| LNG Cheniere Energy Inc. | Reduce -0.5% | 0.34% | −0.03 |
| IAK iShares U.S. Insurance ETF | Sold out | 0.00% | −0.03 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| GLD SPDR Gold Shares | Add +9155.0% | 4.98% | +4.93 |
| GOOGL Alphabet Inc. Class A | Add +82.5% | 2.74% | +1.60 |
| DELL Dell Technologies -C | New | 1.11% | +1.11 |
| BX Blackstone Inc. | Add +441.2% | 1.32% | +1.09 |
| WDC Western Digital Corp. | Add +101.7% | 1.49% | +1.08 |
| MU Micron Technology Inc. | New | 0.97% | +0.97 |
| TJX TJX Companies Inc. | New | 0.80% | +0.80 |
| ABBV Abbvie Inc. | Add +134.8% | 1.06% | +0.68 |
| JNJ Johnson & Johnson | Add +365.9% | 0.81% | +0.66 |
| STX Seagate Technology Holdings | Add +14.5% | 1.50% | +0.66 |
| AAPL Apple Inc. | Add +4.6% | 3.44% | +0.66 |
| BABA Alibaba Group Holding-SP ADR | New | 0.58% | +0.58 |
| WFC Wells Fargo & Co. | New | 0.54% | +0.54 |
| VRT Vertiv Holdings Co. Class A | Add +63.0% | 1.07% | +0.48 |
| O Realty Income Corp. | New | 0.42% | +0.42 |
| MLM Martin Marietta Materials | Add +108.2% | 0.74% | +0.41 |
| VST Vistra Corp. | Add +41.5% | 1.54% | +0.41 |
| PLD Prologis Inc. | New | 0.41% | +0.41 |
| DUK Duke Energy Corp. | New | 0.40% | +0.40 |
| DTE DTE Energy Company | New | 0.40% | +0.40 |
| CMI Cummins Inc. | Add +26.1% | 1.11% | +0.39 |
| D Dominion Energy Inc. | New | 0.39% | +0.39 |
| SNDK Sandisk Corp. | New | 0.39% | +0.39 |
| BAC Bank of America Corp. | Add +36.4% | 1.28% | +0.38 |
| BNY Bank of New York Mellon Corp. | Add +24.9% | 1.24% | +0.37 |
| STLD Steel Dynamics Inc. | New | 0.36% | +0.36 |
| MTZ Mastec Inc. | New | 0.36% | +0.36 |
| FCFS Firstcash Holdings Inc. | New | 0.34% | +0.34 |
| STT State Street Corp. | Add +30.4% | 1.26% | +0.33 |
| HD Home Depot Inc. | Add +90.3% | 0.64% | +0.32 |
| ABBNY Abb Ltd.-Spon ADR | Add +953.0% | 0.34% | +0.31 |
| BN Brookfield Corp. | New | 0.27% | +0.27 |
| TSM Taiwan Semiconductor-SP ADR | Add +8.4% | 1.19% | +0.25 |
| ETN Eaton Corp. PLC | Add +19.6% | 1.49% | +0.24 |
| JCI Johnson Controls Internation | Add +26.6% | 1.10% | +0.22 |
| MMM 3M Co. | Add +32.2% | 0.97% | +0.21 |
| CCJ Cameco Corp. | Add +35.5% | 0.66% | +0.21 |
| FN Fabrinet | New | 0.20% | +0.20 |
| GEV GE Vernova Inc. | Add +12.1% | 0.92% | +0.18 |
| ORA Ormat Technologies Inc. | New | 0.10% | +0.10 |
| BRLMX Bramshill Multi-STR Inc.-Inst | New | 0.10% | +0.10 |
| BBIO Bridgebio Pharma Inc. | New | 0.09% | +0.09 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +4.9% | 0.65% | +0.09 |
| BSX Boston Scientific Corp. | Add +26.3% | 0.95% | +0.08 |
| KLAC KLA Corp. | Add +0.5% | 0.48% | +0.06 |
| DLR Digital Realty Trust Inc. | Add +11.1% | 1.33% | +0.06 |
| BTSG Brightspring Health Services | Add +9.8% | 0.25% | +0.06 |
| MDY State Street SPDR S&P Midcap | Add +67.9% | 0.13% | +0.05 |
| BA The Boeing Co. | Add +192.5% | 0.08% | +0.05 |
| XLY SS Consumer Disc Select Sect | New | 0.05% | +0.05 |
Notes & Other Activity Q2 2025 → Q3 2025
| TREASURY BILL (B 0 07/22/25) | BIL · principal | Sold out | 16,021,000 | $16.0Mbefore exit |
| US TREASURY N/B (T 2.875 11/30/25) | #N/A · principal | Add +0.0% | 5,335,000 | $5.3M |
| TREASURY BILL (B 0 10/23/25) | BIL · principal | New | 3,508,000 | $3.5M |
| IIP OPERATING PARTNER | 5.500 05/25/26 '26 · principal | Add +0.5% | 3,336,000 | $3.3M |
| TREASURY BILL (B 0 07/24/25) | FIXED · principal | Sold out | 3,000,000 | $3.0Mbefore exit |
| PETROLEOS MEXICANOS | FIXED · principal | Reduce -3.4% | 1,971,000 | $2.1M |
| CITRIX SYSTEMS INC | FIXED · principal | Reduce -3.4% | 2,216,000 | $2.1M |
| AMC ENTERTAINMENT | 6.125 05/15/27 '26 · principal | Add +12.2% | 2,230,000 | $2.1M |
| BLACKROCK TCP CAP | FIXED · principal | Reduce -0.5% | 1,921,000 | $2.0M |
| ICAHN ENTERPRISES/FIN (IEP 9.75 01/15/29) | Corporate Bond - Domestic · principal | Add +39.1% | 1,855,000 | $1.9M |
| GLOBAL MARINE INC (GLBMRN 7 06/01/28) | FIXED · principal | Reduce -1.5% | 1,915,000 | $1.9M |
| PARK-OHIO INDUSTRIES INC | FIXED · principal | Sold out | 1,803,000 | $1.7Mbefore exit |
| VITAL ENERGY INC | FIXED · principal | Add +31.8% | 1,650,000 | $1.7M |
| FS KKR CAPITAL CORP (FSK 7.875 01/15/29) | Fixed Income · principal | Add +21.2% | 1,590,000 | $1.7M |
| TREASURY BILL (B 0 07/03/25) | BIL · principal | Sold out | 1,592,000 | $1.6Mbefore exit |
| SASOL FINANCING USA LLC | FIXED · principal | Add +8.3% | 1,575,000 | $1.6M |
| TITAN INTERNATIONAL INC | FIXED · principal | Reduce -6.9% | 1,531,000 | $1.5M |
| KEYCORP CAPITAL | FIXED · principal | Add +2.8% | 1,470,000 | $1.5M |
| CDK GLOBAL INC | FIXED · principal | Add +20.8% | 1,564,000 | $1.5M |
| PBF HOLDING CO LLC (PBFENE 6 02/15/28) | Corporate Bond - Domestic · principal | Add +62.3% | 1,397,000 | $1.4M |
| TRANSOCEAN INC | FIXED · principal | Add +7.8% | 1,484,000 | $1.4M |
| TIAA FSB HOLDINGS INC | FIXED · principal | Sold out | 1,325,000 | $1.3Mbefore exit |
| MERCER INTL INC (MERC 5.125 02/01/29) | Corporate Bond - Domestic · principal | Reduce -3.8% | 1,753,000 | $1.3M |
| US TREASURY N/B (T 3.5 09/15/25) | FIX · principal | Sold out | 1,250,000 | $1.2Mbefore exit |
| US TREASURY N/B (T 3.5 09/30/26) | FIX · principal | New | 1,192,000 | $1.2M |
| ICAHN ENTERPRISES/FIN (IEP 5.25 05/15/27) | Corporate Bond - Domestic · principal | Reduce -9.0% | 1,210,000 | $1.2M |
| PETROLEOS MEXICANOS | FIXED · principal | Reduce -22.3% | 1,135,000 | $1.1M |
| TREASURY BILL (B 0 10/09/25) | BIL · principal | New | 1,100,000 | $1.1M |
| US TREASURY N/B (T 2.75 08/31/25) | FIXED · principal | Sold out | 1,030,000 | $1.0Mbefore exit |
| NEWELL BRANDS INC (NWL 6.625 09/15/29) | FIXED · principal | Reduce -3.0% | 980,000 | $980K |
| GENESIS ENERGY LP/FIN (GEL 8.25 01/15/29) | Corporate Bond - Domestic · principal | Reduce -8.3% | 890,000 | $928K |
| TEGNA INC (TGNA 5 09/15/29) | Corporate Bond - Domestic · principal | Reduce -7.6% | 915,000 | $909K |
| TREEHOUSE FOODS INC | FIXED · principal | Add +168.7% | 892,000 | $865K |
| NEW MOUNTAIN FINANCE COR | FIXED · principal | Add +12.2% | 825,000 | $842K |
| CLEVELAND-CLIFFS STEEL | FIXED · principal | Add +3.6% | 756,000 | $756K |
| UNITED AIR 2020-1 B PTT | FIXED · principal | Reduce -3.3% | 704,808 | $705K |
| CA INC | FIXED · principal | New | 686,000 | $691K |
| US TREASURY N/B (T 1.5 08/15/26) | NOT · principal | New | 660,000 | $647K |
| ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27) | NOTE 6.500% 9/0 · principal | Add +2.2% | 703,000 | $642K |
| ORANGE & ROCKLAND UTILIT | FIXED · principal | New | 620,000 | $639K |
| US TREASURY BILL25 U S T BILL | FIXED · principal | New | 600,000 | $600K |
| HF SINCLAIR CORP | FIXED · principal | Sold out | 590,000 | $597Kbefore exit |
| AMER AIRLINE 16-1 A | FIXED · principal | Add +148.2% | 591,264 | $575K |
| KENNEDY-WILSON INC (KW 5 03/01/31) | 5.000 03/01/31 '26 · principal | Reduce -8.7% | 610,000 | $569K |
| CARNIVAL CORP | FIXED · principal | Reduce -1.5% | 538,000 | $557K |
| BLACKSTONE SECRUED LEND | FIXED · principal | New | 531,000 | $543K |
| TARGA RESOURCES PARTNERS (TRGP 6.5 07/15/27) | FIXED · principal | Sold out | 540,000 | $540Kbefore exit |
| HAWAIIAN AIRLINES 13-1A | FIXED · principal | Reduce -5.3% | 536,536 | $532K |
| MAIN STREET CAPITAL CORP | FIXED · principal | Add +23.8% | 520,000 | $531K |
| F&G ANNUITIES & LIFE INC | FIXED · principal | New | 502,000 | $527K |
Showing the first 50 of 86.
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 |