Laffer Tengler Investments, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Laffer Tengler Investments, Inc. reported 123 stock positions worth $377.9 million. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Broadcom (AVGO, 4.7%) and Goldman Sachs (GS, 4.0%). Compared with Q4 2024, it opened 10 new positions, sold out of 26, added to 54 and reduced 40. The biggest buy was a new position in Williams Cos (WMB) and the biggest sale an exit from Dell Technologies -C (DELL).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001307878
- Portfolio Value
- $377.9M (Q1 2025)
- SEC Filing
- 0001172661-25-001805 ↗ filed May 14, 2025
Holdings Value
Holdings 123 stocks · $377.9M
| MSFT Microsoft Corp. | 4.74% | 47,711 | $17.9M | Reduce -4.7% |
| AVGO Broadcom Inc. | 4.74% | 106,924 | $17.9M | Reduce -1.6% |
| GS Goldman Sachs Group Inc. | 4.03% | 27,866 | $15.2M | Add +2.5% |
| AXP American Express Co. | 3.81% | 53,497 | $14.4M | Reduce -5.2% |
| WMT Walmart Inc. | 3.81% | 163,809 | $14.4M | Reduce -2.4% |
| ABBV Abbvie Inc. | 3.66% | 66,038 | $13.8M | Add +2.6% |
| JPM JPMorgan Chase & Co. | 3.65% | 56,204 | $13.8M | Reduce -7.4% |
| HD Home Depot Inc. | 3.06% | 31,519 | $11.6M | Reduce -1.4% |
| CVX Chevron Corp. | 2.86% | 64,504 | $10.8M | Add +1.0% |
| RTX RTX Corp. | 2.77% | 78,966 | $10.5M | Reduce -4.2% |
| AAPL Apple Inc. | 2.63% | 44,677 | $9.9M | Reduce -13.4% |
| JNJ Johnson & Johnson | 2.55% | 58,041 | $9.6M | Add +6.9% |
| ORCL Oracle Corp. | 2.39% | 64,734 | $9.1M | Reduce -7.2% |
| MCD McDonald's Corp. | 2.30% | 27,796 | $8.7M | Reduce -7.5% |
| GOOGL Alphabet Inc. Class A | 2.29% | 55,864 | $8.6M | Reduce -3.5% |
| EMR Emerson Electric Co. | 2.29% | 78,776 | $8.6M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 2.24% | 44,452 | $8.5M | Reduce -0.8% |
| CARR Carrier Global Corp. | 2.15% | 127,981 | $8.1M | Reduce -5.1% |
| PANW Palo Alto Networks Inc. | 2.13% | 47,130 | $8.0M | Add +5.9% |
| LRCX Lam Research Corp. | 2.06% | 107,307 | $7.8M | Add +1.0% |
| STLD Steel Dynamics Inc. | 1.99% | 60,186 | $7.5M | Reduce -5.9% |
| SPOT Spotify Technology SA | 1.99% | 13,660 | $7.5M | Add +4.5% |
| NOW ServiceNow Inc. | 1.96% | 9,304 | $7.4M | Add +5.1% |
| BAM Brookfield Asset Mgmt-A | 1.94% | 151,167 | $7.3M | Add +2.3% |
| EOG EOG Resources Inc. | 1.91% | 56,359 | $7.2M | Reduce -3.9% |
| SBUX Starbucks Corp. | 1.75% | 67,563 | $6.6M | Reduce -3.4% |
| TXN Texas Instruments Inc. | 1.69% | 35,633 | $6.4M | Reduce -6.0% |
| UBER Uber Technologies Inc. | 1.59% | 82,457 | $6.0M | Add +18.4% |
| LHX L3HARRIS Technologies Inc. | 1.56% | 28,119 | $5.9M | Reduce -4.6% |
| CMG Chipotle Mexican Grill Inc. | 1.52% | 114,097 | $5.7M | Add +17.2% |
| NXPI NXP Semiconductors NV | 1.36% | 27,122 | $5.2M | Add +3.0% |
| MDT Medtronic PLC | 1.30% | 54,738 | $4.9M | Reduce -8.8% |
| PLD Prologis Inc. | 1.29% | 43,763 | $4.9M | Add +7.3% |
| NEE Nextera Energy Inc. | 1.27% | 67,500 | $4.8M | Add +9.6% |
| COST Costco Wholesale Corp. | 1.20% | 4,811 | $4.6M | Reduce -22.1% |
| WMB Williams Cos Inc. | 1.17% | 73,966 | $4.4M | New |
| NVDA Nvidia Corp. | 1.15% | 40,183 | $4.4M | Add +14.8% |
| TSLA Tesla Inc. | 0.96% | 13,970 | $3.6M | Add +20.0% |
| PWR Quanta Services Inc. | 0.86% | 12,769 | $3.2M | Reduce -6.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.84% | 8,968 | $3.2M | Add +2.0% |
| V Visa Inc. Class A | 0.83% | 8,957 | $3.1M | Reduce -13.4% |
| VRIG Invesco Variable Rate Invest | 0.72% | 108,883 | $2.7M | Add +71.4% |
| FANG Diamondback Energy Inc. | 0.67% | 15,882 | $2.5M | Add +13.4% |
| XYL Xylem Inc. | 0.67% | 21,143 | $2.5M | Add +0.1% |
| SYK Stryker Corp. | 0.54% | 5,490 | $2.0M | Reduce -25.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.53% | 4,153 | $2.0M | Add +0.5% |
| EQIX Equinix Inc. | 0.51% | 2,379 | $1.9M | Reduce -19.5% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.43% | 38,571 | $1.6M | Add +6.9% |
| JAAA Janus Henderson Aaa Clo ETF | 0.38% | 27,956 | $1.4M | New |
| PLTR Palantir Technologies Inc. Class A | 0.29% | 12,817 | $1.1M | Add +333.7% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.28% | 20,710 | $1.1M | Reduce -8.8% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.28% | 20,421 | $1.1M | New |
| ETF OPPORTUNITIES TRUST | 0.26% | 34,757 | $1000K | Reduce -0.2% |
| HYBB iShares BB Rated Corp. Bond | 0.24% | 20,012 | $925K | Add +48.5% |
| NFLX Netflix Inc. | 0.23% | 939 | $876K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 1,546 | $865K | No change |
| EQT Eqt Corp. | 0.21% | 14,930 | $798K | New |
| GOOG Alphabet Inc. Class C | 0.17% | 4,193 | $655K | No change |
| AMGN Amgen Inc. | 0.17% | 2,035 | $634K | Add +1.3% |
| PG The Procter & Gamble Co. | 0.16% | 3,543 | $604K | Reduce -27.4% |
| LMT Lockheed Martin Corp. | 0.14% | 1,198 | $535K | No change |
| USB US Bancorp | 0.13% | 11,919 | $503K | Reduce -65.4% |
| CMCSA Comcast Corp. Class A | 0.13% | 13,276 | $490K | Reduce -48.6% |
| PGR Progressive Corp. | 0.12% | 1,575 | $446K | Add +3.1% |
| LIN Linde PLC | 0.11% | 899 | $419K | Reduce -7.7% |
| INDA iShares MSCI India ETF | 0.11% | 7,813 | $402K | Add +99.7% |
| SCCO Southern Copper Corp. | 0.10% | 3,964 | $370K | Reduce -6.8% |
| CSCO Cisco Systems Inc. | 0.09% | 5,705 | $352K | Add +32.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 621 | $331K | New |
| DRI Darden Restaurants Inc. | 0.08% | 1,538 | $320K | Add +2.7% |
| SCHW Schwab (charles) Corp. | 0.08% | 4,025 | $315K | No change |
| ISRG Intuitive Surgical Inc. | 0.08% | 625 | $310K | Add +1.1% |
| CAT Caterpillar Inc. | 0.08% | 912 | $301K | No change |
| KO The Coca-Cola Co. | 0.08% | 4,144 | $297K | No change |
| ABT Abbott Laboratories | 0.08% | 2,222 | $295K | Add +1.9% |
| VWO Vanguard Ftse Emerging Marke | 0.07% | 6,227 | $282K | No change |
| XOM Exxon Mobil Corp. | 0.07% | 2,318 | $276K | Reduce -22.1% |
| NRG NRG Energy Inc. | 0.07% | 2,850 | $272K | Reduce -2.4% |
| DAX Global X Dax Germany ETF | 0.07% | 6,871 | $269K | No change |
| UNH Unitedhealth Group Inc. | 0.07% | 505 | $264K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.07% | 671 | $249K | No change |
| WM Waste Management Inc. | 0.06% | 1,046 | $242K | No change |
| SO The Southern Co. | 0.06% | 2,600 | $239K | No change |
| WPM Wheaton Precious Metals Corp. | 0.06% | 3,073 | $239K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 955 | $237K | Add +1.3% |
| SPGI S&P Global Inc. | 0.06% | 462 | $235K | No change |
| PAAS Pan American Silver Corp. | 0.06% | 8,970 | $232K | Reduce -11.8% |
| EWD iShares MSCI Sweden ETF | 0.06% | 5,417 | $228K | No change |
| MSI Motorola Solutions Inc. | 0.06% | 500 | $219K | No change |
| CRM Salesforce Inc. | 0.06% | 783 | $210K | No change |
| CL Colgate-Palmolive Co. | 0.06% | 2,237 | $210K | Reduce -38.0% |
| EWA iShares MSCI Australia ETF | 0.06% | 8,909 | $209K | No change |
| FCX Freeport-McMoran Inc. | 0.06% | 5,505 | $208K | Reduce -11.4% |
| IVV iShares Core S&P 500 ETF | 0.05% | 364 | $205K | New |
| PLTM Graniteshares Platinum Trust | 0.03% | 13,255 | $128K | Reduce -11.8% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | 0.00% | 2,185 | $5K | Reduce -0.3% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | 0.00% | 1,248 | $3K | Reduce -0.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | 0.00% | 2,682 | $3K | Add +0.0% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | 0.00% | 2,251 | $3K | Add +0.2% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 0.00% | 2,625 | $3K | Add +0.1% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | 0.00% | 2,991 | $3K | Add +0.0% |
| SOUTHERN CO (SO 3.875 12/15/25) | 0.00% | 2,552 | $3K | Add +0.1% |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) filed as NEW MTN FIN CORP | 0.00% | 2,641 | $3K | No change |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | 0.00% | 2,752 | $3K | Add +0.1% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | 0.00% | 2,717 | $3K | Add +0.0% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | 0.00% | 3,103 | $3K | Add +0.1% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | 0.00% | 2,548 | $3K | Add +0.2% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | 0.00% | 2,441 | $3K | Add +0.1% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | 0.00% | 2,554 | $3K | Add +0.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | 0.00% | 2,356 | $2K | Add +0.2% |
| FIRSTENERGY CORP (FE 4 05/01/26) | 0.00% | 2,282 | $2K | Add +0.0% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | 0.00% | 2,283 | $2K | Add +0.1% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | 0.00% | 1,566 | $2K | Add +0.2% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | 0.00% | 1,824 | $2K | Add +0.2% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | 0.00% | 2,026 | $2K | Add +0.2% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | 0.00% | 2,041 | $2K | Add +0.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | 0.00% | 2,026 | $2K | Add +0.2% |
| PARSONS CORP (PSN 0.25 08/15/25) | 0.00% | 1,296 | $2K | Add +0.1% |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | 0.00% | 1,500 | $1K | No change |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | 0.00% | 1,385 | $1K | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | 0.00% | 1,247 | $1K | Add +1.0% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | 0.00% | 269 | $924 | Add +0.4% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | 0.00% | 519 | $485 | New |
Other holdings (9): bonds, preferreds, convertibles and warrants · $24.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,369 | $4.1M | Add +0.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,390 | $4.1M | Add +0.3% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 52,850 | $3.9M | Reduce -11.9% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 66,615 | $3.2M | Add +17.7% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 52,910 | $3.1M | Add +0.3% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 51,090 | $2.4M | Add +0.2% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 36,610 | $1.3M | Add +0.7% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 24,420 | $1.2M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 23,230 | $1.1M | New |
Total filed on the 13F, all lines: $402.4M.
Portfolio Sells Q4 2024 → Q1 2025
| DELL Dell Technologies -C | Sold out | 0.00% | −1.55 |
| AVGO Broadcom Inc. | Reduce -1.6% | 4.74% | −1.35 |
| AAPL Apple Inc. | Reduce -13.4% | 2.63% | −0.50 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.47 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.43 |
| ORCL Oracle Corp. | Reduce -7.2% | 2.39% | −0.41 |
| TFLO iShares Treasury Floating Ra | Sold out | 0.00% | −0.41 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.39 |
| GOOGL Alphabet Inc. Class A | Reduce -3.5% | 2.29% | −0.36 |
| MSFT Microsoft Corp. | Reduce -4.7% | 4.74% | −0.36 |
| FLTR Vaneck Ig Floating Rate ETF | Sold out | 0.00% | −0.35 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.29 |
| USB US Bancorp | Reduce -65.4% | 0.13% | −0.26 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.24 |
| AXP American Express Co. | Reduce -5.2% | 3.81% | −0.24 |
| PWR Quanta Services Inc. | Reduce -6.0% | 0.86% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -22.1% | 1.20% | −0.16 |
| EMR Emerson Electric Co. | Reduce -3.6% | 2.29% | −0.16 |
| EQIX Equinix Inc. | Reduce -19.5% | 0.51% | −0.16 |
| AMZN Amazon.com Inc. | Reduce -0.8% | 2.24% | −0.14 |
| PSA Public Storage | Sold out | 0.00% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -48.6% | 0.13% | −0.10 |
| SYK Stryker Corp. | Reduce -25.4% | 0.54% | −0.10 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.09 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.08 |
| CARR Carrier Global Corp. | Reduce -5.1% | 2.15% | −0.08 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.07 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.07 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.07 |
| MET Metlife Inc. | Sold out | 0.00% | −0.07 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.07 |
| COP Conocophillips | Sold out | 0.00% | −0.07 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.06 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.06 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.05 |
| MMM 3M Co. | Sold out | 0.00% | −0.05 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.05 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.05 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -27.4% | 0.16% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -6.0% | 1.69% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -38.0% | 0.06% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -22.1% | 0.07% | −0.00 |
| FCX Freeport-McMoran Inc. | Reduce -11.4% | 0.06% | −0.00 |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | Sold out | 0.00% | −0.00 |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | Sold out | 0.00% | −0.00 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Reduce -8.8% | 0.28% | −0.00 |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | Reduce -0.3% | 0.00% | 0.00 |
| NRG ENERGY INC (NRG 2.75 06/01/48) | Reduce -0.3% | 0.00% | +0.00 |
| PLTM Graniteshares Platinum Trust | Reduce -11.8% | 0.03% | +0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| WMB Williams Cos Inc. | New | 1.17% | +1.17 |
| ABBV Abbvie Inc. | Add +2.6% | 3.66% | +0.90 |
| JNJ Johnson & Johnson | Add +6.9% | 2.55% | +0.65 |
| CVX Chevron Corp. | Add +1.0% | 2.86% | +0.62 |
| UBER Uber Technologies Inc. | Add +18.4% | 1.59% | +0.57 |
| SPOT Spotify Technology SA | Add +4.5% | 1.99% | +0.57 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.38% | +0.38 |
| VRIG Invesco Variable Rate Invest | Add +71.4% | 0.72% | +0.34 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.28% | +0.28 |
| GS Goldman Sachs Group Inc. | Add +2.5% | 4.03% | +0.27 |
| PLD Prologis Inc. | Add +7.3% | 1.29% | +0.25 |
| PLTR Palantir Technologies Inc. Class A | Add +333.7% | 0.29% | +0.23 |
| NFLX Netflix Inc. | New | 0.23% | +0.23 |
| EQT Eqt Corp. | New | 0.21% | +0.21 |
| LRCX Lam Research Corp. | Add +1.0% | 2.06% | +0.21 |
| NEE Nextera Energy Inc. | Add +9.6% | 1.27% | +0.20 |
| PANW Palo Alto Networks Inc. | Add +5.9% | 2.13% | +0.17 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.5% | 0.53% | +0.13 |
| FANG Diamondback Energy Inc. | Add +13.4% | 0.67% | +0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +2.0% | 0.84% | +0.11 |
| CMG Chipotle Mexican Grill Inc. | Add +17.2% | 1.52% | +0.10 |
| HYBB iShares BB Rated Corp. Bond | Add +48.5% | 0.24% | +0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.09% | +0.09 |
| XYL Xylem Inc. | Add +0.1% | 0.67% | +0.08 |
| WPM Wheaton Precious Metals Corp. | New | 0.06% | +0.06 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +6.9% | 0.43% | +0.06 |
| INDA iShares MSCI India ETF | Add +99.7% | 0.11% | +0.06 |
| IVV iShares Core S&P 500 ETF | New | 0.05% | +0.05 |
| NXPI NXP Semiconductors NV | Add +3.0% | 1.36% | +0.04 |
| AMGN Amgen Inc. | Add +1.3% | 0.17% | +0.04 |
| CSCO Cisco Systems Inc. | Add +32.8% | 0.09% | +0.03 |
| PGR Progressive Corp. | Add +3.1% | 0.12% | +0.03 |
| ABT Abbott Laboratories | Add +1.9% | 0.08% | +0.02 |
| DRI Darden Restaurants Inc. | Add +2.7% | 0.08% | +0.02 |
| NVDA Nvidia Corp. | Add +14.8% | 1.15% | +0.02 |
| IBM Intl Business Machines Corp. | Add +1.3% | 0.06% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +1.1% | 0.08% | +0.00 |
| BAM Brookfield Asset Mgmt-A | Add +2.3% | 1.94% | +0.00 |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | New | 0.00% | +0.00 |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | Add +0.2% | 0.00% | +0.00 |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | Add +0.1% | 0.00% | +0.00 |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | Add +0.2% | 0.00% | +0.00 |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | Add +0.0% | 0.00% | +0.00 |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | Add +0.4% | 0.00% | +0.00 |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | Add +0.0% | 0.00% | +0.00 |
| FIRSTENERGY CORP (FE 4 05/01/26) | Add +0.0% | 0.00% | +0.00 |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | Add +0.1% | 0.00% | +0.00 |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | Add +0.2% | 0.00% | +0.00 |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | Add +0.2% | 0.00% | +0.00 |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | Add +0.1% | 0.00% | +0.00 |
Notes & Other Activity Q4 2024 → Q1 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.3% | 3,369 | $4.1M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.3% | 3,390 | $4.1M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -11.9% | 52,850 | $3.9M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +17.7% | 66,615 | $3.2M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +0.3% | 52,910 | $3.1M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +0.2% | 51,090 | $2.4M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +0.7% | 36,610 | $1.3M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 24,420 | $1.2M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 23,230 | $1.1M |
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 | 167 | $671.2M | LRCX, GS, AVGO, GOOGL, AXP |
| Q1 2026 | 141 | $574.1M | GS, LRCX, AVGO, MSFT, GOOGL |
| Q4 2025 | 172 | $570.8M | AVGO, GS, MSFT, AXP, LRCX |
| Q3 2025 | 122 | $532.4M | AVGO, MSFT, GS, AXP, JPM |
| Q2 2025 | 154 | $468.6M | AVGO, MSFT, GS, AAPL, AXP |
| Q1 2025 | 123 | $377.9M | MSFT, AVGO, GS, AXP, WMT |
| Q4 2024 | 139 | $413.8M | AVGO, MSFT, AXP, GS, WMT |
| Q3 2024 | 167 | $409.7M | AAPL, AVGO, MSFT, AXP, USB |
| Q2 2024 | 384 | $384.0M | AAPL, AVGO, MSFT, AXP, JPM |
| Q1 2024 | 399 | $305.5M | MSFT, AVGO, AAPL, JPM, AXP |