Laffer Tengler Investments, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Laffer Tengler Investments, Inc. reported 122 stock positions worth $532.4 million. Its top holding was Broadcom (AVGO) at 5.1% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Goldman Sachs (GS, 4.4%). Compared with Q2 2025, it opened 32 new positions, sold out of 64, added to 58 and reduced 32. The biggest buy was a new position in D.R. Horton (DHI) and the biggest sale US Bancorp (USB, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001307878
- Portfolio Value
- $532.4M (Q3 2025)
- SEC Filing
- 0001172661-25-004718 ↗ filed Nov 12, 2025
Holdings Value
Holdings 122 stocks · $532.4M
| AVGO Broadcom Inc. | 5.12% | 82,578 | $27.2M | Reduce -10.6% |
| MSFT Microsoft Corp. | 5.03% | 51,670 | $26.8M | Add +9.3% |
| GS Goldman Sachs Group Inc. | 4.40% | 29,406 | $23.4M | Add +13.7% |
| AXP American Express Co. | 3.59% | 57,591 | $19.1M | Add +14.6% |
| JPM JPMorgan Chase & Co. | 3.56% | 60,060 | $18.9M | Add +14.7% |
| AAPL Apple Inc. | 3.34% | 69,767 | $17.8M | Reduce -16.9% |
| WMT Walmart Inc. | 3.25% | 167,896 | $17.3M | Add +17.4% |
| LRCX Lam Research Corp. | 2.93% | 116,397 | $15.6M | Add +18.4% |
| ABBV Abbvie Inc. | 2.83% | 65,066 | $15.1M | Add +4.6% |
| GOOGL Alphabet Inc. Class A | 2.80% | 61,359 | $14.9M | Add +17.1% |
| HD Home Depot Inc. | 2.70% | 35,421 | $14.4M | Add +16.9% |
| ORCL Oracle Corp. | 2.60% | 49,309 | $13.9M | Reduce -20.5% |
| AMZN Amazon.com Inc. | 2.24% | 54,260 | $11.9M | Add +4.6% |
| RTX RTX Corp. | 2.13% | 67,719 | $11.3M | Reduce -2.6% |
| PANW Palo Alto Networks Inc. | 2.05% | 53,592 | $10.9M | Add +11.8% |
| CVX Chevron Corp. | 1.96% | 67,046 | $10.4M | Add +5.4% |
| SPOT Spotify Technology SA | 1.92% | 14,614 | $10.2M | Add +14.0% |
| PWR Quanta Services Inc. | 1.87% | 24,052 | $10.0M | Add +24.8% |
| NOW ServiceNow Inc. | 1.84% | 10,653 | $9.8M | Add +14.1% |
| UBER Uber Technologies Inc. | 1.79% | 97,145 | $9.5M | Add +7.3% |
| LHX L3HARRIS Technologies Inc. | 1.70% | 29,718 | $9.1M | Add +21.2% |
| NVDA Nvidia Corp. | 1.64% | 46,828 | $8.7M | Add +3.0% |
| BAM Brookfield Asset Mgmt-A | 1.61% | 150,136 | $8.5M | Add +16.1% |
| EMR Emerson Electric Co. | 1.53% | 62,011 | $8.1M | Add +18.6% |
| JNJ Johnson & Johnson | 1.51% | 43,400 | $8.0M | Reduce -13.9% |
| CARR Carrier Global Corp. | 1.50% | 133,775 | $8.0M | Add +20.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.42% | 52,277 | $7.6M | Add +43.9% |
| SBUX Starbucks Corp. | 1.33% | 83,718 | $7.1M | Add +39.1% |
| MCD McDonald's Corp. | 1.33% | 23,245 | $7.1M | Add +14.5% |
| CSCO Cisco Systems Inc. | 1.30% | 101,170 | $6.9M | Add +34.9% |
| TXN Texas Instruments Inc. | 1.28% | 37,089 | $6.8M | Add +15.5% |
| STLD Steel Dynamics Inc. | 1.26% | 48,138 | $6.7M | Add +19.6% |
| TSLA Tesla Inc. | 1.25% | 15,005 | $6.7M | Add +7.2% |
| EOG EOG Resources Inc. | 1.20% | 56,897 | $6.4M | Add +17.9% |
| DHI D.R. Horton Inc. | 1.03% | 32,328 | $5.5M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 1.01% | 10,952 | $5.4M | Add +21.8% |
| MDT Medtronic PLC | 1.01% | 56,223 | $5.4M | Add +19.4% |
| PLD Prologis Inc. | 0.96% | 44,608 | $5.1M | Add +20.7% |
| NEE Nextera Energy Inc. | 0.96% | 67,504 | $5.1M | Add +16.7% |
| COST Costco Wholesale Corp. | 0.95% | 5,454 | $5.0M | Reduce -7.6% |
| WMB Williams Cos Inc. | 0.90% | 75,660 | $4.8M | Add +19.7% |
| VRIG Invesco Variable Rate Invest | 0.89% | 189,370 | $4.8M | Add +118.3% |
| DE Deere & Co. | 0.75% | 8,777 | $4.0M | New |
| V Visa Inc. Class A | 0.67% | 10,458 | $3.6M | Add +16.6% |
| PLTR Palantir Technologies Inc. Class A | 0.65% | 19,097 | $3.5M | Reduce -51.6% |
| ETN Eaton Corp. PLC | 0.64% | 9,099 | $3.4M | Reduce -27.1% |
| XYL Xylem Inc. | 0.64% | 22,943 | $3.4M | Add +14.5% |
| CMG Chipotle Mexican Grill Inc. | 0.61% | 83,444 | $3.3M | Reduce -25.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.58% | 4,604 | $3.1M | Add +143.3% |
| NFLX Netflix Inc. | 0.57% | 2,517 | $3.0M | Add +54.1% |
| IVW iShares S&P 500 Growth ETF | 0.56% | 24,844 | $3.0M | New |
| EQT Eqt Corp. | 0.48% | 47,137 | $2.6M | Add +78.2% |
| SYK Stryker Corp. | 0.44% | 6,399 | $2.4M | Add +20.0% |
| SHW The Sherwin-Williams Co. | 0.43% | 6,637 | $2.3M | Add +141.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.36% | 44,641 | $1.9M | Add +19.6% |
| IVE iShares S&P 500 Value ETF | 0.35% | 9,049 | $1.9M | New |
| JAAA Janus Henderson Aaa Clo ETF | 0.30% | 31,023 | $1.6M | Add +17.6% |
| ETF OPPORTUNITIES TRUST | 0.28% | 42,484 | $1.5M | Add +0.4% |
| FANG Diamondback Energy Inc. | 0.27% | 9,871 | $1.4M | Reduce -33.3% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.25% | 24,852 | $1.3M | Add +21.9% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.25% | 25,227 | $1.3M | Add +21.9% |
| GOOG Alphabet Inc. Class C | 0.23% | 4,975 | $1.2M | Reduce -14.1% |
| HYBB iShares BB Rated Corp. Bond | 0.22% | 24,380 | $1.2M | Add +21.9% |
| AMD Advanced Micro Devices | 0.21% | 6,991 | $1.1M | New |
| SCHF Schwab Intl Equity ETF | 0.21% | 47,759 | $1.1M | Reduce -3.6% |
| BXSL Blackstone Secured Lending F | 0.20% | 40,111 | $1.0M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.19% | 1,707 | $1.0M | Reduce -5.4% |
| IEMG iShares Core MSCI Emerging | 0.19% | 15,068 | $993K | New |
| EWJ iShares MSCI Japan ETF | 0.16% | 10,838 | $869K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.16% | 7,296 | $835K | New |
| IVV iShares Core S&P 500 ETF | 0.15% | 1,194 | $799K | New |
| IWP iShares Russell Mid-Cap Grow | 0.14% | 5,178 | $737K | New |
| VEA Vanguard Ftse Developed ETF | 0.14% | 12,142 | $728K | New |
| EZU iShares MSCI Eurozone ETF | 0.13% | 11,235 | $696K | New |
| IWB iShares Russell 1000 ETF | 0.13% | 1,892 | $691K | Add +16.4% |
| INDA iShares MSCI India ETF | 0.12% | 12,668 | $659K | Add +184.6% |
| LMT Lockheed Martin Corp. | 0.11% | 1,133 | $566K | Reduce -83.8% |
| USB US Bancorp | 0.10% | 11,565 | $559K | Reduce -95.5% |
| AMGN Amgen Inc. | 0.10% | 1,952 | $551K | Reduce -31.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.10% | 1,090 | $523K | Reduce -13.5% |
| PG The Procter & Gamble Co. | 0.10% | 3,292 | $506K | Reduce -34.6% |
| EWU iShares MSCI United Kingdom | 0.09% | 11,600 | $487K | New |
| CAT Caterpillar Inc. | 0.09% | 981 | $468K | Reduce -36.8% |
| NRG NRG Energy Inc. | 0.09% | 2,858 | $463K | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 1,479 | $417K | Add +49.7% |
| SCCO Southern Copper Corp. | 0.08% | 3,434 | $417K | Add +4.0% |
| ISRG Intuitive Surgical Inc. | 0.08% | 930 | $416K | Reduce -17.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 1,226 | $402K | New |
| SCHW Schwab (charles) Corp. | 0.08% | 4,202 | $401K | Add +4.4% |
| XOM Exxon Mobil Corp. | 0.07% | 3,424 | $386K | Add +44.3% |
| VFH Vanguard Financials ETF | 0.07% | 2,924 | $384K | New |
| PGR Progressive Corp. | 0.07% | 1,538 | $380K | Reduce -2.4% |
| VOX Vanguard Communication Servi | 0.07% | 1,920 | $360K | New |
| EFA iShares MSCI Eafe ETF | 0.07% | 3,771 | $352K | New |
| VWO Vanguard Ftse Emerging Marke | 0.07% | 6,397 | $347K | Reduce -55.6% |
| CMCSA Comcast Corp. Class A | 0.07% | 11,027 | $346K | Reduce -18.2% |
| IBIT iShares Bitcoin Trust ETF | 0.06% | 5,130 | $333K | New |
| LIN Linde PLC | 0.06% | 692 | $329K | Reduce -45.4% |
| ABT Abbott Laboratories | 0.06% | 2,280 | $305K | Reduce -34.7% |
| DRI Darden Restaurants Inc. | 0.06% | 1,559 | $297K | Reduce -14.7% |
Other holdings (40): bonds, preferreds, convertibles and warrants · $94.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,293 | $4.2M | Add +0.3% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 61,595 | $4.2M | Add +23.8% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,310 | $4.1M | Add +0.3% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 22,130 | $3.7M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 51,420 | $3.6M | Reduce -0.1% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 51,455 | $3.6M | Add +0.1% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 34,690 | $3.5M | New |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 64,975 | $3.2M | Add +0.1% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 26,790 | $3.1M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 51,045 | $3.0M | Add +47.8% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 25,590 | $2.9M | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 26,160 | $2.9M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 21,870 | $2.9M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 28,960 | $2.9M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 54,945 | $2.9M | Add +0.2% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 24,940 | $2.8M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 30,000 | $2.8M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 24,910 | $2.8M | New |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 26,530 | $2.7M | New |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 24,480 | $2.6M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 17,820 | $2.6M | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 25,230 | $2.6M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 22,930 | $2.5M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 22,200 | $2.4M | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 19,850 | $2.3M | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 20,040 | $2.1M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 19,640 | $1.9M | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 13,520 | $1.9M | New |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 17,500 | $1.9M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 15,280 | $1.6M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 16,480 | $1.5M | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 15,000 | $1.5M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 35,705 | $1.4M | Add +0.1% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 12,960 | $1.2M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 10,210 | $1.1M | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 6,530 | $747K | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 4,945 | $470K | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 22,300 | $24K | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 19,710 | $21K | New |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 4,500 | $5K | New |
Total filed on the 13F, all lines: $626.5M.
Portfolio Sells Q2 2025 → Q3 2025
| USB US Bancorp | Reduce -95.5% | 0.10% | −2.35 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.77 |
| CMG Chipotle Mexican Grill Inc. | Reduce -25.9% | 0.61% | −0.74 |
| LMT Lockheed Martin Corp. | Reduce -83.8% | 0.11% | −0.58 |
| PLTR Palantir Technologies Inc. Class A | Reduce -51.6% | 0.65% | −0.49 |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | Sold out | 0.00% | −0.48 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.37 |
| AAPL Apple Inc. | Reduce -16.9% | 3.34% | −0.34 |
| AVGO Broadcom Inc. | Reduce -10.6% | 5.12% | −0.31 |
| ETN Eaton Corp. PLC | Reduce -27.1% | 0.64% | −0.31 |
| JAZZ Jazz Pharmaceuticals PLC | Sold out | 0.00% | −0.30 |
| COST Costco Wholesale Corp. | Reduce -7.6% | 0.95% | −0.30 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.30 |
| ORCL Oracle Corp. | Reduce -20.5% | 2.60% | −0.29 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.29 |
| WM Waste Management Inc. | Reduce -80.0% | 0.05% | −0.22 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.21 |
| FANG Diamondback Energy Inc. | Reduce -33.3% | 0.27% | −0.17 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.16 |
| JNJ Johnson & Johnson | Reduce -13.9% | 1.51% | −0.13 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.12 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.12 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.10 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.10 |
| NVR NVR Inc. | Sold out | 0.00% | −0.09 |
| VWO Vanguard Ftse Emerging Marke | Reduce -55.6% | 0.07% | −0.09 |
| CRM Salesforce Inc. | Reduce -60.4% | 0.04% | −0.09 |
| MS Morgan Stanley | Sold out | 0.00% | −0.08 |
| SELF Global Self Storage Inc. | Sold out | 0.00% | −0.08 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.08 |
| RRC Range Resources Corp. | Sold out | 0.00% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -34.6% | 0.10% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -52.1% | 0.05% | −0.07 |
| KO The Coca-Cola Co. | Reduce -50.4% | 0.05% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.07 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.07 |
| AMGN Amgen Inc. | Reduce -31.6% | 0.10% | −0.07 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.07 |
| ICLR Icon PLC | Sold out | 0.00% | −0.07 |
| LIN Linde PLC | Reduce -45.4% | 0.06% | −0.07 |
| EWD iShares MSCI Sweden ETF | Sold out | 0.00% | −0.06 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.06 |
| EWA iShares MSCI Australia ETF | Sold out | 0.00% | −0.06 |
| VOOG Vanguard S&P 500 Growth ETF | Sold out | 0.00% | −0.06 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -17.3% | 0.08% | −0.05 |
| BBCA JPMorgan Betabuilders Canada | Sold out | 0.00% | −0.05 |
| SPG Simon Property Group Inc. | Sold out | 0.00% | −0.05 |
| PSA Public Storage | Sold out | 0.00% | −0.05 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| DHI D.R. Horton Inc. | New | 1.03% | +1.03 |
| LRCX Lam Research Corp. | Add +18.4% | 2.93% | +0.89 |
| GOOGL Alphabet Inc. Class A | Add +17.1% | 2.80% | +0.83 |
| DE Deere & Co. | New | 0.75% | +0.75 |
| IVW iShares S&P 500 Growth ETF | New | 0.56% | +0.56 |
| GS Goldman Sachs Group Inc. | Add +13.7% | 4.40% | +0.49 |
| TJX TJX Companies Inc. | Add +43.9% | 1.42% | +0.46 |
| VRIG Invesco Variable Rate Invest | Add +118.3% | 0.89% | +0.43 |
| LHX L3HARRIS Technologies Inc. | Add +21.2% | 1.70% | +0.39 |
| ABBV Abbvie Inc. | Add +4.6% | 2.83% | +0.37 |
| IVE iShares S&P 500 Value ETF | New | 0.35% | +0.35 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +143.3% | 0.58% | +0.33 |
| HD Home Depot Inc. | Add +16.9% | 2.70% | +0.32 |
| JPM JPMorgan Chase & Co. | Add +14.7% | 3.56% | +0.32 |
| PWR Quanta Services Inc. | Add +24.8% | 1.87% | +0.32 |
| TSLA Tesla Inc. | Add +7.2% | 1.25% | +0.30 |
| WMT Walmart Inc. | Add +17.4% | 3.25% | +0.27 |
| SHW The Sherwin-Williams Co. | Add +141.0% | 0.43% | +0.23 |
| AMD Advanced Micro Devices | New | 0.21% | +0.21 |
| BXSL Blackstone Secured Lending F | New | 0.20% | +0.20 |
| CSCO Cisco Systems Inc. | Add +34.9% | 1.30% | +0.19 |
| IEMG iShares Core MSCI Emerging | New | 0.19% | +0.19 |
| AXP American Express Co. | Add +14.6% | 3.59% | +0.17 |
| EWJ iShares MSCI Japan ETF | New | 0.16% | +0.16 |
| STLD Steel Dynamics Inc. | Add +19.6% | 1.26% | +0.16 |
| DIS The Walt Disney Co. | New | 0.16% | +0.16 |
| SBUX Starbucks Corp. | Add +39.1% | 1.33% | +0.15 |
| EQT Eqt Corp. | Add +78.2% | 0.48% | +0.15 |
| IVV iShares Core S&P 500 ETF | New | 0.15% | +0.15 |
| IWP iShares Russell Mid-Cap Grow | New | 0.14% | +0.14 |
| VEA Vanguard Ftse Developed ETF | New | 0.14% | +0.14 |
| EZU iShares MSCI Eurozone ETF | New | 0.13% | +0.13 |
| PLD Prologis Inc. | Add +20.7% | 0.96% | +0.13 |
| MDT Medtronic PLC | Add +19.4% | 1.01% | +0.13 |
| NVDA Nvidia Corp. | Add +3.0% | 1.64% | +0.11 |
| NFLX Netflix Inc. | Add +54.1% | 0.57% | +0.10 |
| NEE Nextera Energy Inc. | Add +16.7% | 0.96% | +0.10 |
| EWU iShares MSCI United Kingdom | New | 0.09% | +0.09 |
| XYL Xylem Inc. | Add +14.5% | 0.64% | +0.08 |
| BAM Brookfield Asset Mgmt-A | Add +16.1% | 1.61% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.08% | +0.08 |
| VFH Vanguard Financials ETF | New | 0.07% | +0.07 |
| INDA iShares MSCI India ETF | Add +184.6% | 0.12% | +0.07 |
| VOX Vanguard Communication Servi | New | 0.07% | +0.07 |
| EFA iShares MSCI Eafe ETF | New | 0.07% | +0.07 |
| IBIT iShares Bitcoin Trust ETF | New | 0.06% | +0.06 |
| MCD McDonald's Corp. | Add +14.5% | 1.33% | +0.06 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.05% | +0.05 |
| WMB Williams Cos Inc. | Add +19.7% | 0.90% | +0.05 |
| PAAS Pan American Silver Corp. | New | 0.05% | +0.05 |
Notes & Other Activity Q2 2025 → Q3 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.3% | 3,293 | $4.2M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +23.8% | 61,595 | $4.2M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.3% | 3,310 | $4.1M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | New | 22,130 | $3.7M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -0.1% | 51,420 | $3.6M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +0.1% | 51,455 | $3.6M |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | New | 34,690 | $3.5M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +0.1% | 64,975 | $3.2M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 26,790 | $3.1M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +47.8% | 51,045 | $3.0M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | New | 25,590 | $2.9M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | New | 26,160 | $2.9M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 21,870 | $2.9M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | New | 28,960 | $2.9M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +0.2% | 54,945 | $2.9M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 24,940 | $2.8M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 30,000 | $2.8M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | New | 24,910 | $2.8M |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | New | 26,530 | $2.7M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | New | 24,480 | $2.6M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 17,820 | $2.6M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | New | 25,230 | $2.6M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | New | 22,930 | $2.5M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | New | 22,200 | $2.4M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | New | 19,850 | $2.3M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | New | 20,040 | $2.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 19,640 | $1.9M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | New | 13,520 | $1.9M |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | New | 17,500 | $1.9M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | New | 15,280 | $1.6M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 16,480 | $1.5M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | New | 15,000 | $1.5M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +0.1% | 35,705 | $1.4M |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | New | 12,960 | $1.2M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 10,210 | $1.1M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 6,530 | $747K |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 4,945 | $470K |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | New | 22,300 | $24K |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | New | 19,710 | $21K |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | New | 4,500 | $5K |
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 |