L & S Advisors Inc
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), L & S Advisors Inc reported 244 stock positions worth $979.9 million. Its top holding was Apple (AAPL) at 3.5% of the portfolio, followed by Nvidia (NVDA, 2.9%) and Alphabet Class A (GOOGL, 2.8%). Compared with Q3 2025, it opened 48 new positions, sold out of 19, added to 92 and reduced 86. The biggest buy was Merck (MRK, shares +558%) and the biggest sale SPDR Gold Shares (GLD, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001392364
- Portfolio Value
- $979.9M (Q4 2025)
- SEC Filing
- 0001104659-26-010918 ↗ filed Feb 5, 2026
Holdings Value
Holdings 244 stocks · $979.9M
| AAPL Apple Inc. | 3.45% | 124,399 | $33.8M | Reduce -1.6% |
| NVDA Nvidia Corp. | 2.86% | 150,349 | $28.0M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 2.81% | 88,057 | $27.6M | Reduce -16.4% |
| MSFT Microsoft Corp. | 2.14% | 43,374 | $21.0M | Reduce -5.8% |
| AMZN Amazon.com Inc. | 2.06% | 87,403 | $20.2M | Reduce -7.3% |
| META Meta Platforms Inc. Class A | 2.05% | 30,445 | $20.1M | Add +7.3% |
| GS Goldman Sachs Group Inc. | 1.99% | 22,207 | $19.5M | Add +29.8% |
| JPM JPMorgan Chase & Co. | 1.99% | 60,431 | $19.5M | Add +33.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.96% | 28,161 | $19.2M | Reduce -1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.80% | 320,374 | $17.6M | Add +37.7% |
| C Citigroup Inc. | 1.70% | 142,653 | $16.6M | Add +26.4% |
| LLY Eli Lilly & Co. | 1.62% | 14,751 | $15.9M | Add +27.9% |
| STT State Street Corp. | 1.58% | 119,699 | $15.4M | Add +18.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.50% | 30,623 | $14.7M | Reduce -1.5% |
| GLD SPDR Gold Shares | 1.45% | 35,752 | $14.2M | Reduce -72.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.43% | 120,993 | $14.0M | Add +14.0% |
| AVGO Broadcom Inc. | 1.40% | 39,758 | $13.8M | Reduce -30.2% |
| MRK Merck & Co. Inc. | 1.30% | 120,990 | $12.7M | Add +557.6% |
| JNJ Johnson & Johnson | 1.20% | 56,602 | $11.7M | Add +38.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.16% | 37,520 | $11.4M | Reduce -5.7% |
| MU Micron Technology Inc. | 1.13% | 38,757 | $11.1M | Reduce -28.4% |
| WDC Western Digital Corp. | 1.00% | 56,934 | $9.8M | Reduce -51.1% |
| LRCX Lam Research Corp. | 0.97% | 55,266 | $9.5M | New |
| ETN Eaton Corp. PLC | 0.94% | 28,885 | $9.2M | Reduce -22.6% |
| ROK Rockwell Automation Inc. | 0.94% | 23,627 | $9.2M | Reduce -3.6% |
| WMT Walmart Inc. | 0.89% | 78,501 | $8.7M | Add +25.0% |
| STX Seagate Technology Holdings | 0.86% | 30,501 | $8.4M | Reduce -48.8% |
| CMI Cummins Inc. | 0.84% | 16,160 | $8.2M | Reduce -34.3% |
| WMB Williams Cos Inc. | 0.84% | 136,277 | $8.2M | Add +4.9% |
| ABBV Abbvie Inc. | 0.82% | 35,064 | $8.0M | Reduce -18.2% |
| AA Alcoa Corp. | 0.80% | 148,356 | $7.9M | New |
| CB Chubb Ltd. | 0.80% | 25,141 | $7.8M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.80% | 23,332 | $7.8M | Reduce -1.5% |
| JCI Johnson Controls Internation | 0.80% | 65,163 | $7.8M | Reduce -30.1% |
| AZN Astrazeneca PLC | 0.79% | 84,691 | $7.8M | New |
| RIO Rio Tinto PLC-Spon ADR | 0.79% | 97,141 | $7.8M | New |
| DOV Dover Corp. | 0.79% | 39,663 | $7.7M | New |
| GEV GE Vernova Inc. | 0.76% | 11,336 | $7.4M | Reduce -18.6% |
| MMM 3M Co. | 0.75% | 45,615 | $7.3M | Reduce -21.8% |
| CAT Caterpillar Inc. | 0.74% | 12,653 | $7.2M | New |
| PG The Procter & Gamble Co. | 0.74% | 50,429 | $7.2M | Add +120.2% |
| HON Honeywell International Inc. | 0.73% | 36,915 | $7.2M | New |
| CCJ Cameco Corp. | 0.73% | 78,113 | $7.1M | Add +6.0% |
| CLOB Vaneck Aa-BB Clo ETF | 0.73% | 140,445 | $7.1M | Add +320.9% |
| URI United Rentals Inc. | 0.73% | 8,789 | $7.1M | Reduce -0.3% |
| DAL Delta Air Lines Inc. | 0.72% | 102,273 | $7.1M | New |
| MET Metlife Inc. | 0.72% | 89,001 | $7.0M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.69% | 22,874 | $6.8M | Reduce -0.1% |
| AXP American Express Co. | 0.69% | 18,313 | $6.8M | Add +80.0% |
| PH Parker Hannifin Corp. | 0.69% | 7,660 | $6.7M | Add +100.3% |
| CEG Constellation Energy | 0.68% | 18,859 | $6.7M | Add +0.1% |
| SNDK Sandisk Corp. | 0.67% | 27,561 | $6.5M | Reduce -14.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.66% | 383,416 | $6.4M | Add +1.7% |
| PANW Palo Alto Networks Inc. | 0.61% | 32,448 | $6.0M | Reduce -50.4% |
| MS Morgan Stanley | 0.60% | 33,211 | $5.9M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.58% | 37,020 | $5.7M | Reduce -28.5% |
| SLV iShares Silver Trust | 0.53% | 80,950 | $5.2M | New |
| AVUS Avantis U.S. Equity ETF | 0.52% | 45,777 | $5.1M | Add +0.1% |
| GILD Gilead Sciences Inc. | 0.52% | 41,466 | $5.1M | New |
| PPLT Abrdn Physical Platinum SHRS | 0.52% | 27,093 | $5.1M | New |
| SRLN SS Blackstone Sr Loan ETF | 0.51% | 121,076 | $5.0M | Reduce -71.4% |
| KLAC KLA Corp. | 0.50% | 4,026 | $4.9M | Reduce -2.6% |
| BABA Alibaba Group Holding-SP ADR | 0.49% | 32,866 | $4.8M | Add +7.9% |
| VST Vistra Corp. | 0.49% | 29,581 | $4.8M | Reduce -59.7% |
| ISRG Intuitive Surgical Inc. | 0.49% | 8,416 | $4.8M | Add +1.0% |
| BE Bloom Energy Corp. Class A | 0.46% | 52,074 | $4.5M | Reduce -35.3% |
| NFLX Netflix Inc. | 0.46% | 48,150 | $4.5M | Reduce -35.6% |
| SMNEY Siemens Energy AG-Unsp ADR | 0.45% | 31,780 | $4.5M | Reduce -5.9% |
| DUHP Dimensional US High Profi Et | 0.44% | 113,956 | $4.3M | Reduce -0.0% |
| V Visa Inc. Class A | 0.44% | 12,323 | $4.3M | Add +1283.0% |
| NRG NRG Energy Inc. | 0.44% | 27,057 | $4.3M | Add +0.9% |
| RYCEY Rolls-Royce Holdings-SP ADR | 0.44% | 273,983 | $4.3M | Reduce -2.5% |
| AMGN Amgen Inc. | 0.44% | 13,104 | $4.3M | New |
| PLD Prologis Inc. | 0.43% | 33,242 | $4.2M | Add +0.4% |
| COPX Global X Copper Miners ETF | 0.43% | 58,772 | $4.2M | New |
| HWM Howmet Aerospace Inc. | 0.42% | 20,310 | $4.2M | Add +1.3% |
| CVS CVS Health Corp. | 0.42% | 51,275 | $4.1M | New |
| VTR Ventas Inc. | 0.41% | 52,551 | $4.1M | New |
| SPG Simon Property Group Inc. | 0.41% | 21,922 | $4.1M | New |
| BWXT BWX Technologies Inc. | 0.41% | 23,444 | $4.1M | Reduce -12.5% |
| MKC McCormick & Co.-Non VTG SHRS | 0.41% | 58,786 | $4.0M | New |
| TFC Truist Financial Corp. | 0.40% | 79,533 | $3.9M | New |
| HSY The Hershey Co. | 0.40% | 21,436 | $3.9M | New |
| KMI Kinder Morgan Inc. | 0.39% | 140,479 | $3.9M | Add +2.3% |
| STLD Steel Dynamics Inc. | 0.39% | 22,643 | $3.8M | Reduce -6.6% |
| CME Cme Group Inc. | 0.39% | 13,957 | $3.8M | Add +1.7% |
| INTU Intuit Inc. | 0.39% | 5,696 | $3.8M | Add +2.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.37% | 68,195 | $3.6M | Add +139.3% |
| REGN Regeneron Pharmaceuticals | 0.37% | 4,653 | $3.6M | New |
| BOND PIMCO Active Bond Exchange-T | 0.37% | 38,585 | $3.6M | Add +136.8% |
| FCX Freeport-McMoran Inc. | 0.36% | 70,269 | $3.6M | New |
| FDX FedEx Corp. | 0.36% | 12,225 | $3.5M | New |
| SAFRY Safran SA-Unspon ADR | 0.36% | 40,268 | $3.5M | Add +0.0% |
| FCFS Firstcash Holdings Inc. | 0.35% | 21,302 | $3.4M | Add +5.5% |
| ABBNY Abb Ltd.-Spon ADR | 0.34% | 45,207 | $3.3M | Add +2.4% |
| EADSY Airbus SE - Unsp ADR | 0.34% | 56,911 | $3.3M | Reduce -7.5% |
| RL Ralph Lauren Corp. | 0.33% | 9,048 | $3.2M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.32% | 6,586 | $3.1M | Add +2.0% |
| EQT Eqt Corp. | 0.31% | 57,308 | $3.1M | Add +5.6% |
| CLS Celestica Inc. | 0.31% | 10,162 | $3.0M | Reduce -26.7% |
Other holdings (126): bonds, preferreds, convertibles and warrants · $102.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| US TREASURY N/B (T 4.375 12/15/26) | Bond · principal | 5,345,000 | $5.4M | New |
| US TREASURY N/B (T 2.5 02/28/26) | FIXED · principal | 5,247,000 | $5.2M | Reduce -0.3% |
| IIP OPERATING PARTNER | 5.500 05/25/26 '26 · principal | 3,485,000 | $3.4M | Add +4.5% |
| TREASURY BILL (B 0 01/22/26) | FIXED · principal | 3,000,000 | $3.0M | New |
| US TREASURY N/B (T 4 02/15/26) | FIXED · principal | 2,697,000 | $2.7M | No change |
| US TREASURY N/B (T 1.125 10/31/26) | FIX · principal | 2,300,000 | $2.3M | New |
| AMC ENTERTAINMENT | 6.125 05/15/27 '26 · principal | 2,399,000 | $2.2M | Add +7.6% |
| ICAHN ENTERPRISES/FIN (IEP 9.75 01/15/29) | Corporate Bond - Domestic · principal | 2,154,000 | $2.1M | Add +16.1% |
| CITRIX SYSTEMS INC | FIXED · principal | 2,261,000 | $2.1M | Add +2.0% |
| PETROLEOS MEXICANOS | FIXED · principal | 1,934,000 | $2.1M | Reduce -1.9% |
| VITAL ENERGY INC | FIXED · principal | 1,920,000 | $2.0M | Add +16.4% |
| BLACKROCK TCP CAP | FIXED · principal | 1,916,000 | $1.9M | Reduce -0.3% |
| TRANSOCEAN INC | FIXED · principal | 1,979,000 | $1.9M | Add +33.4% |
| GLOBAL MARINE INC (GLBMRN 7 06/01/28) | FIXED · principal | 1,706,000 | $1.7M | Reduce -10.9% |
| FS KKR CAPITAL CORP (FSK 7.875 01/15/29) | Fixed Income · principal | 1,602,000 | $1.7M | Add +0.8% |
| US TREASURY N/B (T 4.125 06/15/26) | NOT · principal | 1,649,000 | $1.7M | Reduce -62.8% |
| CDK GLOBAL INC | FIXED · principal | 1,708,000 | $1.6M | Add +9.2% |
| SASOL FINANCING USA LLC | FIXED · principal | 1,515,000 | $1.5M | Reduce -3.8% |
| KEYCORP CAPITAL | FIXED · principal | 1,426,000 | $1.5M | Reduce -3.0% |
| TITAN INTERNATIONAL INC | FIXED · principal | 1,425,000 | $1.4M | Reduce -6.9% |
| PBF HOLDING CO LLC (PBFENE 6 02/15/28) | Corporate Bond - Domestic · principal | 1,354,000 | $1.3M | Reduce -3.1% |
| SEAGATE HDD CAYMAN | FIXED · principal | 1,447,000 | $1.3M | Add +183.7% |
| US TREASURY N/B (T 0.75 03/31/26) | FIXED · principal | 1,226,000 | $1.2M | Reduce -2.8% |
| US TREASURY N/B (T 3.5 09/30/26) | FIX · principal | 1,192,000 | $1.2M | No change |
| ICAHN ENTERPRISES/FIN (IEP 5.25 05/15/27) | Corporate Bond - Domestic · principal | 1,195,000 | $1.2M | Reduce -1.2% |
| MERCER INTL INC (MERC 5.125 02/01/29) | Corporate Bond - Domestic · principal | 1,683,000 | $1.1M | Reduce -4.0% |
| MGM GROWTH/MGM FINANCE | FIXED · principal | 989,000 | $990K | Add +22.4% |
| US TREASURY N/B (T 1.75 12/31/26) | NOT · principal | 1,000,000 | $983K | New |
| CARNIVAL CORP | FIXED · principal | 915,000 | $960K | Add +2.8% |
| NEWELL BRANDS INC (NWL 6.625 09/15/29) | FIXED · principal | 955,000 | $949K | Reduce -2.5% |
| ADAMAS TRUST INC | FIXED · principal | 956,000 | $949K | Add +218.7% |
| AMER AIRLINE 16-1 A | FIXED · principal | 877,175 | $863K | Add +48.4% |
| US TREASURY N/B (T 1.875 06/30/26) | FIXED · principal | 850,000 | $843K | No change |
| US TREASURY N/B (T 2.25 03/31/26) | FIXED · principal | 840,000 | $837K | No change |
| NEW MOUNTAIN FINANCE COR | FIXED · principal | 805,000 | $817K | Reduce -2.4% |
| TEGNA INC (TGNA 5 09/15/29) | Corporate Bond - Domestic · principal | 800,000 | $792K | Reduce -12.6% |
| VALERO ENERGY CORP | FIXED · principal | 750,000 | $760K | No change |
| GOLDMAN SACKS BDC INC | FIXED · principal | 740,000 | $755K | No change |
| PARAMOUNT GLOBAL | FIXED · principal | 720,000 | $711K | Add +51.6% |
| US TREASURY N/B (T 1.625 02/15/26) | Bond · principal | 707,000 | $705K | No change |
| US TREASURY N/B (T 4.625 03/15/26) | Fixed Income · principal | 700,000 | $701K | New |
| GENESIS ENERGY LP/FIN (GEL 8.25 01/15/29) | Corporate Bond - Domestic · principal | 675,000 | $700K | Reduce -24.2% |
| HAWAIIAN AIRLINES 13-1A | FIXED · principal | 662,802 | $662K | Add +23.5% |
| US TREASURY N/B (T 1.5 08/15/26) | NOT · principal | 660,000 | $652K | No change |
| ORANGE & ROCKLAND UTILIT | FIXED · principal | 620,000 | $643K | No change |
| BAIN CAPITAL SPECIALTY F (BCSF 5.95 03/15/30) | Fixed Income · principal | 601,000 | $598K | New |
| ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27) | NOTE 6.500% 9/0 · principal | 663,000 | $594K | Reduce -5.7% |
| US TREASURY N/B (T 0.75 08/31/26) | NOT · principal | 600,000 | $589K | New |
| CONCENTRIX CORP | FIXED · principal | 575,000 | $582K | No change |
| CARNIVAL CORP | FIXED · principal | 538,000 | $559K | No change |
| US TREASURY N/B (T 0.75 05/31/26) | FIX · principal | 565,000 | $558K | Add +13.0% |
| KENNEDY-WILSON INC (KW 5 03/01/31) | 5.000 03/01/31 '26 · principal | 585,000 | $551K | Reduce -4.1% |
| UNITED AIR 2020-1 B PTT | FIXED · principal | 548,983 | $549K | Reduce -22.1% |
| NEWELL BRANDS INC (NWL 6.375 05/15/30) | Corporate Bond - Domestic · principal | 563,000 | $549K | New |
| YAMANA GOLD INC | FIXED · principal | 545,000 | $547K | No change |
| BLACKSTONE SECRUED LEND | FIXED · principal | 531,000 | $538K | No change |
| VERISIGN INC | FIXED · principal | 529,000 | $529K | Add +2.7% |
| F&G ANNUITIES & LIFE INC | FIXED · principal | 502,000 | $525K | No change |
| REGAL REXNORD CORPORATIONSER B | FIXED · principal | 518,000 | $519K | Reduce -3.7% |
| US TREASURY N/B (T 0.875 06/30/26) | NOT · principal | 525,000 | $518K | New |
| ARROW ELECTRONICS INC | FIXED · principal | 500,000 | $515K | No change |
| DEVON OEI OPERATING LLC | FIXED · principal | 492,000 | $513K | No change |
| MAIN STREET CAPITAL CORP | FIXED · principal | 500,000 | $510K | Reduce -3.9% |
| US TREASURY | FIXED · principal | 516,000 | $509K | No change |
| UNIVERSAL INSURANCE HLDS | FIXED · principal | 513,000 | $505K | No change |
| AMER AIRLN 15-2 AA | FIXED · principal | 511,421 | $504K | No change |
| BARCLAYS PLC | FIXED · principal | 500,000 | $502K | No change |
| MERCURY GENERAL CORP | FIXED · principal | 500,000 | $499K | No change |
| FS KKR CAPITAL CORP | FIXED · principal | 499,000 | $499K | No change |
| ALBEMARLE CORP | FIXED · principal | 495,000 | $498K | Reduce -4.3% |
| SARATOGA INVESTMENT CORP | FIXED · principal | 500,000 | $497K | No change |
| ORACLE CORP (ORCL 3.25 11/15/27) | CORPORATE BONDS · principal | 500,000 | $489K | New |
| AON CORP | FIXED · principal | 471,000 | $488K | No change |
| LLOYDS BANKING GROUP PLC | FIXED · principal | 485,000 | $486K | No change |
| EDISON INTERNTNL | FIXED · principal | 470,000 | $478K | Add +11.9% |
| RADIAN GROUP INC (RDN 4.875 03/15/27) | FIXED · principal | 475,000 | $477K | No change |
| ARES CAPITAL CORP | FIXED · principal | 465,000 | $476K | Add +27.4% |
| US TREASURY N/B (T 0.5 02/28/26) | FIXED · principal | 475,000 | $473K | No change |
| FISERV INC | FIXED · principal | 450,000 | $461K | New |
| MORGAN STANLEY DIRECT | FIXED · principal | 450,000 | $449K | New |
| GRUPO TELEVISA | FIXED · principal | 450,000 | $449K | Add +50.0% |
| CARYLE SECURED LENDING | FIXED · principal | 439,000 | $449K | Reduce -1.6% |
| BLACKROCK TCP CAP CORP | FIXED · principal | 450,000 | $448K | No change |
| FS KKR CAPITAL CORP | FIXED · principal | 450,000 | $434K | No change |
| HECLA MINING CO | FIXED · principal | 430,000 | $431K | Reduce -7.5% |
| AMERICAN NATIONAL GROUP | FIXED · principal | 400,000 | $403K | No change |
| MERITAGE HOMES CORP (MTH 5.125 06/06/27) | FIXED · principal | 400,000 | $403K | No change |
| SEMPRA 5 4 26 DUE 08/01/26 | CORPORATE BONDS · principal | 400,000 | $403K | No change |
| NOKIA OYJ | FIXED · principal | 400,000 | $401K | No change |
| EPR PROPERTIES (EPR 4.5 06/01/27) | BCO · principal | 400,000 | $401K | No change |
| GLOBAL PAYMENTS INC | FIXED · principal | 400,000 | $400K | No change |
| AMER AIRLN 14-1 A PTT | FIXED · principal | 401,805 | $399K | Reduce -4.7% |
| JEFFERIES FIN GROUP | FIXED · principal | 400,000 | $393K | No change |
| BEAZER HOMES USA (BZH 7.25 10/15/29) | FIXED · principal | 380,000 | $387K | Reduce -6.2% |
| US TREASURY N/B (T 2.375 04/30/26) | Fixed Income · principal | 383,000 | $382K | No change |
| HCA INC (HCA 4.5 02/15/27) | FIXED · principal | 375,000 | $376K | No change |
| CLECO CORPORATE HOLDINGS | FIXED · principal | 375,000 | $374K | No change |
| AMER AIRLN 15-1 A PTT (AAL 3.375 05/01/27) | FIXED · principal | 355,564 | $351K | New |
| UTAH ACQUISITION SUB (VTRS 3.95 06/15/26) | FIXED · principal | 350,000 | $349K | No change |
| CONCENTRIX CORP | FIXED · principal | 334,000 | $344K | Add +9.9% |
| OLD DOMIN ELECTRIC CORP | FIXED · principal | 323,729 | $327K | Reduce -25.0% |
| FS KKR CAPITAL CORP (FSK 6.125 01/15/30) | FIX · principal | 316,000 | $311K | New |
| AGCO CORP | FIXED · principal | 300,000 | $304K | No change |
| APACHE CORP | FIXED · principal | 300,000 | $302K | No change |
| ARES CAPITAL CORP (ARCC 3.875 01/15/26) | FIXED · principal | 300,000 | $300K | No change |
| AVNET INC (AVT 4.625 04/15/26) | FIXED · principal | 300,000 | $300K | No change |
| PHILLIPS 66 PARTNERS LP | FIXED · principal | 300,000 | $296K | No change |
| PULTEGROUP INC (PHM 5.5 03/01/26) | FIXED · principal | 275,000 | $275K | No change |
| FIDELITY NATL INFO SERV (FIS 4.7 07/15/27) | FIXED · principal | 260,000 | $261K | New |
| TEXAS GAS TRANSMISSION | FIXED · principal | 250,000 | $260K | No change |
| LPL HOLDINGS INC | FIXED · principal | 250,000 | $255K | No change |
| TREASURY BILL (B 0 02/05/26) | BIL · principal | 252,000 | $251K | New |
| FMC CORP | FIXED · principal | 250,000 | $247K | New |
| ARCELORMITTAL SA | FIXED · principal | 230,000 | $239K | No change |
| CENTENE CORP | FIXED · principal | 240,000 | $238K | Reduce -7.7% |
| AMERN AIRLINE 16-2 A PTT (AAL 3.65 06/15/28 A) | FIXED · principal | 227,955 | $221K | New |
| IHS MARKIT LTD | FIXED · principal | 210,000 | $211K | New |
| UNITED AIR 2020-1 A | FIXED · principal | 204,035 | $209K | Reduce -7.8% |
| BOEING CO/THE | FIXED · principal | 200,000 | $205K | No change |
| SYNOVUS BANK GA | FIXED · principal | 200,000 | $204K | New |
| TRANSOCEAN INC | FIXED · principal | 200,000 | $203K | No change |
| OAKTREE SPECIALTY LEND | FIXED · principal | 195,000 | $200K | Reduce -9.3% |
| MYLAN INC (VTRS 4.55 04/15/28) | BCO · principal | 200,000 | $200K | New |
| MGIC INVESTMENT CORP | FIXED · principal | 200,000 | $199K | New |
| VIATRIS INC | FIXED · principal | 200,000 | $194K | No change |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 530,000 | $6K | Reduce -49.0% |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q3 2025 → Q4 2025
| GLD SPDR Gold Shares | Reduce -72.7% | 1.45% | −3.53 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -71.4% | 0.51% | −1.37 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −1.33 |
| ORCL Oracle Corp. | Sold out | 0.00% | −1.32 |
| BX Blackstone Inc. | Sold out | 0.00% | −1.32 |
| VST Vistra Corp. | Reduce -59.7% | 0.49% | −1.05 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.95 |
| DELL Dell Technologies -C | Reduce -77.4% | 0.21% | −0.89 |
| VRT Vertiv Holdings Co. Class A | Reduce -77.6% | 0.25% | −0.83 |
| PANW Palo Alto Networks Inc. | Reduce -50.4% | 0.61% | −0.82 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.74 |
| STX Seagate Technology Holdings | Reduce -48.8% | 0.86% | −0.65 |
| AVGO Broadcom Inc. | Reduce -30.2% | 1.40% | −0.61 |
| ETN Eaton Corp. PLC | Reduce -22.6% | 0.94% | −0.56 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.54 |
| NFLX Netflix Inc. | Reduce -35.6% | 0.46% | −0.50 |
| WDC Western Digital Corp. | Reduce -51.1% | 1.00% | −0.49 |
| LONZ PIMCO Senior Loan Active ETF | Reduce -60.9% | 0.26% | −0.45 |
| HD Home Depot Inc. | Reduce -63.7% | 0.19% | −0.45 |
| O Realty Income Corp. | Sold out | 0.00% | −0.42 |
| MSFT Microsoft Corp. | Reduce -5.8% | 2.14% | −0.41 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.40 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.40 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.39 |
| MTZ Mastec Inc. | Sold out | 0.00% | −0.36 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.34 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.34 |
| JCI Johnson Controls Internation | Reduce -30.1% | 0.80% | −0.30 |
| CMI Cummins Inc. | Reduce -34.3% | 0.84% | −0.27 |
| BE Bloom Energy Corp. Class A | Reduce -35.3% | 0.46% | −0.27 |
| ABBV Abbvie Inc. | Reduce -18.2% | 0.82% | −0.24 |
| MMM 3M Co. | Reduce -21.8% | 0.75% | −0.22 |
| TJX TJX Companies Inc. | Reduce -28.5% | 0.58% | −0.22 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.19 |
| URI United Rentals Inc. | Reduce -0.3% | 0.73% | −0.17 |
| SPOT Spotify Technology SA | Reduce -52.7% | 0.10% | −0.16 |
| GEV GE Vernova Inc. | Reduce -18.6% | 0.76% | −0.16 |
| AMZN Amazon.com Inc. | Reduce -7.3% | 2.06% | −0.15 |
| KTOS Kratos Defense & Security | Reduce -15.3% | 0.25% | −0.12 |
| BWXT BWX Technologies Inc. | Reduce -12.5% | 0.41% | −0.12 |
| ENVX Enovix Corp. | Reduce -10.3% | 0.19% | −0.11 |
| BYDDY BYD Co. Ltd.-Unsponsored ADR | Sold out | 0.00% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 1.96% | −0.08 |
| CLS Celestica Inc. | Reduce -26.7% | 0.31% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -23.2% | 0.23% | −0.05 |
| RYCEY Rolls-Royce Holdings-SP ADR | Reduce -2.5% | 0.44% | −0.05 |
| EADSY Airbus SE - Unsp ADR | Reduce -7.5% | 0.34% | −0.05 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -1.5% | 1.50% | −0.04 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.5% | 0.80% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| MRK Merck & Co. Inc. | Add +557.6% | 1.30% | +1.13 |
| LRCX Lam Research Corp. | New | 0.97% | +0.97 |
| AA Alcoa Corp. | New | 0.80% | +0.80 |
| CB Chubb Ltd. | New | 0.80% | +0.80 |
| AZN Astrazeneca PLC | New | 0.79% | +0.79 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.79% | +0.79 |
| DOV Dover Corp. | New | 0.79% | +0.79 |
| CAT Caterpillar Inc. | New | 0.74% | +0.74 |
| HON Honeywell International Inc. | New | 0.73% | +0.73 |
| DAL Delta Air Lines Inc. | New | 0.72% | +0.72 |
| MET Metlife Inc. | New | 0.72% | +0.72 |
| LLY Eli Lilly & Co. | Add +27.9% | 1.62% | +0.68 |
| MS Morgan Stanley | New | 0.60% | +0.60 |
| CLOB Vaneck Aa-BB Clo ETF | Add +320.9% | 0.73% | +0.54 |
| GS Goldman Sachs Group Inc. | Add +29.8% | 1.99% | +0.53 |
| SLV iShares Silver Trust | New | 0.53% | +0.53 |
| GILD Gilead Sciences Inc. | New | 0.52% | +0.52 |
| PPLT Abrdn Physical Platinum SHRS | New | 0.52% | +0.52 |
| BAC Bank of America Corp. | Add +37.7% | 1.80% | +0.51 |
| C Citigroup Inc. | Add +26.4% | 1.70% | +0.47 |
| JPM JPMorgan Chase & Co. | Add +33.6% | 1.99% | +0.46 |
| AMGN Amgen Inc. | New | 0.44% | +0.44 |
| COPX Global X Copper Miners ETF | New | 0.43% | +0.43 |
| CVS CVS Health Corp. | New | 0.42% | +0.42 |
| VTR Ventas Inc. | New | 0.41% | +0.41 |
| SPG Simon Property Group Inc. | New | 0.41% | +0.41 |
| MKC McCormick & Co.-Non VTG SHRS | New | 0.41% | +0.41 |
| V Visa Inc. Class A | Add +1283.0% | 0.44% | +0.41 |
| TFC Truist Financial Corp. | New | 0.40% | +0.40 |
| HSY The Hershey Co. | New | 0.40% | +0.40 |
| JNJ Johnson & Johnson | Add +38.5% | 1.20% | +0.39 |
| PH Parker Hannifin Corp. | Add +100.3% | 0.69% | +0.38 |
| REGN Regeneron Pharmaceuticals | New | 0.37% | +0.37 |
| FCX Freeport-McMoran Inc. | New | 0.36% | +0.36 |
| PG The Procter & Gamble Co. | Add +120.2% | 0.74% | +0.36 |
| FDX FedEx Corp. | New | 0.36% | +0.36 |
| AXP American Express Co. | Add +80.0% | 0.69% | +0.33 |
| RL Ralph Lauren Corp. | New | 0.33% | +0.33 |
| STT State Street Corp. | Add +18.1% | 1.58% | +0.32 |
| FSLR First Solar Inc. | New | 0.26% | +0.26 |
| PYLD PIMCO Multisector Bond Actv | New | 0.21% | +0.21 |
| MBB iShares MBS ETF | New | 0.21% | +0.21 |
| CDE Coeur Mining Inc. | New | 0.21% | +0.21 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.21% | +0.21 |
| NEE Nextera Energy Inc. | New | 0.21% | +0.21 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.21% | +0.21 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +139.3% | 0.37% | +0.20 |
| BOND PIMCO Active Bond Exchange-T | Add +136.8% | 0.37% | +0.20 |
| WMT Walmart Inc. | Add +25.0% | 0.89% | +0.20 |
| EZPW Ezcorp Inc. Class A | New | 0.20% | +0.20 |
Notes & Other Activity Q3 2025 → Q4 2025
| US TREASURY N/B (T 4.375 12/15/26) | Bond · principal | New | 5,345,000 | $5.4M |
| US TREASURY N/B (T 2.875 11/30/25) | #N/A · principal | Sold out | 5,335,000 | $5.3Mbefore exit |
| US TREASURY N/B (T 2.5 02/28/26) | FIXED · principal | Reduce -0.3% | 5,247,000 | $5.2M |
| TREASURY BILL (B 0 10/23/25) | BIL · principal | Sold out | 3,508,000 | $3.5Mbefore exit |
| IIP OPERATING PARTNER | 5.500 05/25/26 '26 · principal | Add +4.5% | 3,485,000 | $3.4M |
| TREASURY BILL (B 0 01/22/26) | FIXED · principal | New | 3,000,000 | $3.0M |
| US TREASURY N/B (T 1.125 10/31/26) | FIX · principal | New | 2,300,000 | $2.3M |
| TREASURY BILL (B 0 10/02/25) | BIL · principal | Sold out | 2,250,000 | $2.2Mbefore exit |
| AMC ENTERTAINMENT | 6.125 05/15/27 '26 · principal | Add +7.6% | 2,399,000 | $2.2M |
| ICAHN ENTERPRISES/FIN (IEP 9.75 01/15/29) | Corporate Bond - Domestic · principal | Add +16.1% | 2,154,000 | $2.1M |
| CITRIX SYSTEMS INC | FIXED · principal | Add +2.0% | 2,261,000 | $2.1M |
| PETROLEOS MEXICANOS | FIXED · principal | Reduce -1.9% | 1,934,000 | $2.1M |
| VITAL ENERGY INC | FIXED · principal | Add +16.4% | 1,920,000 | $2.0M |
| BLACKROCK TCP CAP | FIXED · principal | Reduce -0.3% | 1,916,000 | $1.9M |
| TRANSOCEAN INC | FIXED · principal | Add +33.4% | 1,979,000 | $1.9M |
| GLOBAL MARINE INC (GLBMRN 7 06/01/28) | FIXED · principal | Reduce -10.9% | 1,706,000 | $1.7M |
| FS KKR CAPITAL CORP (FSK 7.875 01/15/29) | Fixed Income · principal | Add +0.8% | 1,602,000 | $1.7M |
| US TREASURY N/B (T 4.125 06/15/26) | NOT · principal | Reduce -62.8% | 1,649,000 | $1.7M |
| CDK GLOBAL INC | FIXED · principal | Add +9.2% | 1,708,000 | $1.6M |
| SASOL FINANCING USA LLC | FIXED · principal | Reduce -3.8% | 1,515,000 | $1.5M |
| KEYCORP CAPITAL | FIXED · principal | Reduce -3.0% | 1,426,000 | $1.5M |
| TITAN INTERNATIONAL INC | FIXED · principal | Reduce -6.9% | 1,425,000 | $1.4M |
| PBF HOLDING CO LLC (PBFENE 6 02/15/28) | Corporate Bond - Domestic · principal | Reduce -3.1% | 1,354,000 | $1.3M |
| SEAGATE HDD CAYMAN | FIXED · principal | Add +183.7% | 1,447,000 | $1.3M |
| US TREASURY N/B (T 0.75 03/31/26) | FIXED · principal | Reduce -2.8% | 1,226,000 | $1.2M |
| ICAHN ENTERPRISES/FIN (IEP 5.25 05/15/27) | Corporate Bond - Domestic · principal | Reduce -1.2% | 1,195,000 | $1.2M |
| PETROLEOS MEXICANOS | FIXED · principal | Sold out | 1,135,000 | $1.1Mbefore exit |
| TREASURY BILL (B 0 10/09/25) | BIL · principal | Sold out | 1,100,000 | $1.1Mbefore exit |
| MERCER INTL INC (MERC 5.125 02/01/29) | Corporate Bond - Domestic · principal | Reduce -4.0% | 1,683,000 | $1.1M |
| MGM GROWTH/MGM FINANCE | FIXED · principal | Add +22.4% | 989,000 | $990K |
| US TREASURY N/B (T 1.75 12/31/26) | NOT · principal | New | 1,000,000 | $983K |
| CARNIVAL CORP | FIXED · principal | Add +2.8% | 915,000 | $960K |
| NEWELL BRANDS INC (NWL 6.625 09/15/29) | FIXED · principal | Reduce -2.5% | 955,000 | $949K |
| ADAMAS TRUST INC | FIXED · principal | Add +218.7% | 956,000 | $949K |
| TREEHOUSE FOODS INC | FIXED · principal | Sold out | 892,000 | $865Kbefore exit |
| AMER AIRLINE 16-1 A | FIXED · principal | Add +48.4% | 877,175 | $863K |
| NEW MOUNTAIN FINANCE COR | FIXED · principal | Reduce -2.4% | 805,000 | $817K |
| US TREASURY N/B (T 0.375 12/31/25) | FIX · principal | Sold out | 800,000 | $793Kbefore exit |
| TEGNA INC (TGNA 5 09/15/29) | Corporate Bond - Domestic · principal | Reduce -12.6% | 800,000 | $792K |
| CLEVELAND-CLIFFS STEEL | FIXED · principal | Sold out | 756,000 | $756Kbefore exit |
| PARAMOUNT GLOBAL | FIXED · principal | Add +51.6% | 720,000 | $711K |
| US TREASURY N/B (T 4.625 03/15/26) | Fixed Income · principal | New | 700,000 | $701K |
| GENESIS ENERGY LP/FIN (GEL 8.25 01/15/29) | Corporate Bond - Domestic · principal | Reduce -24.2% | 675,000 | $700K |
| CA INC | FIXED · principal | Sold out | 686,000 | $691Kbefore exit |
| HAWAIIAN AIRLINES 13-1A | FIXED · principal | Add +23.5% | 662,802 | $662K |
| US TREASURY BILL25 U S T BILL | FIXED · principal | Sold out | 600,000 | $600Kbefore exit |
| BAIN CAPITAL SPECIALTY F (BCSF 5.95 03/15/30) | Fixed Income · principal | New | 601,000 | $598K |
| ASSERTIO HOLDINGS INC (ASRT 6.5 09/01/27) | NOTE 6.500% 9/0 · principal | Reduce -5.7% | 663,000 | $594K |
| US TREASURY N/B (T 0.75 08/31/26) | NOT · principal | New | 600,000 | $589K |
| US TREASURY N/B (T 0.75 05/31/26) | FIX · principal | Add +13.0% | 565,000 | $558K |
Showing the first 50 of 98.
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 |