Laffer Tengler Investments, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Laffer Tengler Investments, Inc. reported 172 stock positions worth $570.8 million. Its top holding was Broadcom (AVGO) at 4.9% of the portfolio, followed by Goldman Sachs (GS, 4.7%) and Microsoft (MSFT, 4.5%). Compared with Q3 2025, it opened 55 new positions, sold out of 5, added to 61 and reduced 29. The biggest buy was Intl Business Machines (IBM, shares +1410%) and the biggest sale Texas Instruments (TXN, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001307878
- Portfolio Value
- $570.8M (Q4 2025)
- SEC Filing
- 0001172661-26-000684 ↗ filed Feb 12, 2026
Holdings Value
Holdings 172 stocks · $570.8M
| AVGO Broadcom Inc. | 4.90% | 80,843 | $28.0M | Reduce -2.1% |
| GS Goldman Sachs Group Inc. | 4.70% | 30,526 | $26.8M | Add +3.8% |
| MSFT Microsoft Corp. | 4.46% | 52,591 | $25.4M | Add +1.8% |
| AXP American Express Co. | 4.02% | 61,984 | $22.9M | Add +7.6% |
| LRCX Lam Research Corp. | 3.61% | 120,333 | $20.6M | Add +3.4% |
| JPM JPMorgan Chase & Co. | 3.51% | 62,166 | $20.0M | Add +3.5% |
| WMT Walmart Inc. | 3.40% | 174,256 | $19.4M | Add +3.8% |
| GOOGL Alphabet Inc. Class A | 3.39% | 61,847 | $19.4M | Add +0.8% |
| AAPL Apple Inc. | 3.28% | 68,836 | $18.7M | Reduce -1.3% |
| ABBV Abbvie Inc. | 2.75% | 68,592 | $15.7M | Add +5.4% |
| RTX RTX Corp. | 2.32% | 72,324 | $13.3M | Add +6.8% |
| HD Home Depot Inc. | 2.22% | 36,792 | $12.7M | Add +3.9% |
| ORCL Oracle Corp. | 2.18% | 63,947 | $12.5M | Add +29.7% |
| AMZN Amazon.com Inc. | 2.16% | 53,303 | $12.3M | Reduce -1.8% |
| CVX Chevron Corp. | 1.85% | 69,454 | $10.6M | Add +3.6% |
| PWR Quanta Services Inc. | 1.75% | 23,622 | $10.0M | Reduce -1.8% |
| JNJ Johnson & Johnson | 1.68% | 46,274 | $9.6M | Add +6.6% |
| NVDA Nvidia Corp. | 1.68% | 51,299 | $9.6M | Add +9.6% |
| LHX L3HARRIS Technologies Inc. | 1.66% | 32,370 | $9.5M | Add +8.9% |
| PANW Palo Alto Networks Inc. | 1.66% | 51,354 | $9.5M | Reduce -4.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.61% | 59,953 | $9.2M | Add +14.7% |
| CSCO Cisco Systems Inc. | 1.60% | 118,871 | $9.2M | Add +17.5% |
| STLD Steel Dynamics Inc. | 1.51% | 51,009 | $8.6M | Add +6.0% |
| SPOT Spotify Technology SA | 1.51% | 14,868 | $8.6M | Add +1.7% |
| EMR Emerson Electric Co. | 1.51% | 64,833 | $8.6M | Add +4.5% |
| BAM Brookfield Asset Mgmt-A | 1.46% | 158,949 | $8.3M | Add +5.9% |
| NOW ServiceNow Inc. | 1.45% | 53,847 | $8.2M | Add +1.1% |
| UBER Uber Technologies Inc. | 1.39% | 97,303 | $8.0M | Add +0.2% |
| SBUX Starbucks Corp. | 1.33% | 90,374 | $7.6M | Add +8.0% |
| MCD McDonald's Corp. | 1.33% | 24,886 | $7.6M | Add +7.1% |
| CARR Carrier Global Corp. | 1.32% | 142,228 | $7.5M | Add +6.3% |
| TSLA Tesla Inc. | 1.24% | 15,801 | $7.1M | Add +5.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.16% | 22,335 | $6.6M | Add +1410.1% |
| EOG EOG Resources Inc. | 1.12% | 61,142 | $6.4M | Add +7.5% |
| PLD Prologis Inc. | 1.06% | 47,517 | $6.1M | Add +6.5% |
| NEE Nextera Energy Inc. | 1.00% | 71,339 | $5.7M | Add +5.7% |
| MDT Medtronic PLC | 1.00% | 59,130 | $5.7M | Add +5.2% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.92% | 11,249 | $5.3M | Add +2.7% |
| WMB Williams Cos Inc. | 0.89% | 84,048 | $5.1M | Add +11.1% |
| DHI D.R. Horton Inc. | 0.88% | 34,998 | $5.0M | Add +8.3% |
| DE Deere & Co. | 0.76% | 9,364 | $4.4M | Add +6.7% |
| COST Costco Wholesale Corp. | 0.75% | 4,949 | $4.3M | Reduce -9.3% |
| PLTR Palantir Technologies Inc. Class A | 0.74% | 23,678 | $4.2M | Add +24.0% |
| V Visa Inc. Class A | 0.66% | 10,674 | $3.7M | Add +2.1% |
| SYK Stryker Corp. | 0.62% | 10,025 | $3.5M | Add +56.7% |
| VRIG Invesco Variable Rate Invest | 0.58% | 131,342 | $3.3M | Reduce -30.6% |
| XYL Xylem Inc. | 0.55% | 23,126 | $3.1M | Add +0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.55% | 4,604 | $3.1M | No change |
| ULTA Ulta Beauty Inc. | 0.54% | 5,083 | $3.1M | New |
| IVW iShares S&P 500 Growth ETF | 0.54% | 24,844 | $3.1M | No change |
| ETN Eaton Corp. PLC | 0.52% | 9,311 | $3.0M | Add +2.3% |
| EQT Eqt Corp. | 0.46% | 49,091 | $2.6M | Add +4.2% |
| NFLX Netflix Inc. | 0.43% | 26,060 | $2.4M | Add +3.5% |
| SHW The Sherwin-Williams Co. | 0.39% | 6,842 | $2.2M | Add +3.1% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | 0.38% | 1,962 | $2.2M | New |
| IVE iShares S&P 500 Value ETF | 0.34% | 9,049 | $1.9M | No change |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.33% | 44,413 | $1.9M | Reduce -0.5% |
| VEEV Veeva Systems Inc. Class A | 0.28% | 7,094 | $1.6M | New |
| JAAA Janus Henderson Aaa Clo ETF | 0.27% | 30,879 | $1.6M | Reduce -0.5% |
| ETF OPPORTUNITIES TRUST | 0.27% | 43,008 | $1.6M | Add +1.2% |
| AMD Advanced Micro Devices | 0.27% | 7,135 | $1.5M | Add +2.1% |
| GOOG Alphabet Inc. Class C | 0.26% | 4,726 | $1.5M | Reduce -5.0% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.23% | 24,721 | $1.3M | Reduce -0.5% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.23% | 25,138 | $1.3M | Reduce -0.3% |
| SCHF Schwab Intl Equity ETF | 0.20% | 47,759 | $1.1M | No change |
| HYBB iShares BB Rated Corp. Bond | 0.20% | 24,240 | $1.1M | Reduce -0.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 1,707 | $1.0M | No change |
| IEMG iShares Core MSCI Emerging | 0.18% | 15,068 | $1.0M | No change |
| BYLD iShares Yield Optimized Bond | 0.16% | 39,082 | $890K | New |
| EWJ iShares MSCI Japan ETF | 0.15% | 10,838 | $875K | No change |
| IVV iShares Core S&P 500 ETF | 0.14% | 1,194 | $818K | No change |
| SCCO Southern Copper Corp. | 0.14% | 5,652 | $811K | Add +64.6% |
| ISRG Intuitive Surgical Inc. | 0.14% | 1,411 | $799K | Add +51.7% |
| VEA Vanguard Ftse Developed ETF | 0.13% | 12,142 | $759K | No change |
| EZU iShares MSCI Eurozone ETF | 0.13% | 11,235 | $720K | No change |
| IWP iShares Russell Mid-Cap Grow | 0.12% | 5,178 | $709K | No change |
| IWB iShares Russell 1000 ETF | 0.12% | 1,892 | $707K | No change |
| PAAS Pan American Silver Corp. | 0.12% | 13,521 | $701K | Add +91.9% |
| INDA iShares MSCI India ETF | 0.12% | 12,668 | $685K | No change |
| USHY iShares Broad Usd High Yield | 0.11% | 16,813 | $629K | New |
| LIN Linde PLC | 0.11% | 1,464 | $624K | Add +111.6% |
| USB US Bancorp | 0.11% | 11,574 | $618K | Add +0.1% |
| MELI MercadoLibre Inc. | 0.10% | 285 | $574K | New |
| CRM Salesforce Inc. | 0.10% | 2,130 | $564K | Add +152.4% |
| XOM Exxon Mobil Corp. | 0.10% | 4,682 | $563K | Add +36.7% |
| LMT Lockheed Martin Corp. | 0.10% | 1,132 | $548K | Reduce -0.1% |
| COHR Coherent Corp. | 0.10% | 2,941 | $543K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.09% | 1,090 | $532K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.09% | 1,096 | $527K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 9,464 | $521K | Add +71.4% |
| AMGN Amgen Inc. | 0.09% | 1,568 | $513K | Reduce -19.7% |
| EWU iShares MSCI United Kingdom | 0.09% | 11,600 | $510K | No change |
| PG The Procter & Gamble Co. | 0.08% | 3,344 | $479K | Add +1.6% |
| CCJ Cameco Corp. | 0.08% | 5,230 | $478K | Add +70.3% |
| NRG NRG Energy Inc. | 0.08% | 2,856 | $455K | Reduce -0.1% |
| LLY Eli Lilly & Co. | 0.08% | 419 | $450K | New |
| TER Teradyne Inc. | 0.08% | 2,323 | $450K | New |
| CLOI Vaneck Clo ETF | 0.08% | 8,475 | $448K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 1,231 | $413K | Add +0.4% |
| PLTM Graniteshares Platinum Trust | 0.07% | 20,672 | $408K | Add +94.1% |
| CEG Constellation Energy | 0.07% | 1,127 | $398K | New |
| FANG Diamondback Energy Inc. | 0.07% | 2,603 | $391K | Reduce -73.6% |
| VFH Vanguard Financials ETF | 0.07% | 2,924 | $390K | No change |
| CWB SS SPDR BB Conv Sec ETF | 0.07% | 4,267 | $381K | New |
| HON Honeywell International Inc. | 0.07% | 1,926 | $376K | New |
| VOX Vanguard Communication Servi | 0.07% | 1,920 | $372K | No change |
| HLT Hilton Worldwide Holdings Inc. | 0.06% | 1,253 | $360K | New |
| AMAT Applied Materials Inc. | 0.06% | 1,366 | $351K | New |
| SYM Symbotic Inc. | 0.06% | 5,898 | $351K | New |
| PGR Progressive Corp. | 0.06% | 1,534 | $349K | Reduce -0.3% |
| VWO Vanguard Ftse Emerging Marke | 0.06% | 6,397 | $344K | No change |
| IRDM Iridium Communications Inc. | 0.06% | 19,269 | $335K | New |
| MS Morgan Stanley | 0.06% | 1,880 | $334K | New |
| CMCSA Comcast Corp. Class A | 0.06% | 11,003 | $329K | Reduce -0.2% |
| PL Planet Labs PBC | 0.06% | 16,272 | $321K | New |
| TXN Texas Instruments Inc. | 0.06% | 1,824 | $316K | Reduce -95.1% |
| EFA iShares MSCI Eafe ETF | 0.05% | 3,114 | $299K | Reduce -17.4% |
| TLN Talen Energy Corp. | 0.05% | 791 | $296K | New |
| LEU Centrus Energy Corp. Class A | 0.05% | 1,218 | $296K | New |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.05% | 1,663 | $295K | No change |
| BWXT BWX Technologies Inc. | 0.05% | 1,696 | $293K | New |
| IBIT iShares Bitcoin Trust ETF | 0.05% | 5,902 | $293K | Add +15.1% |
| DRI Darden Restaurants Inc. | 0.05% | 1,560 | $287K | Add +0.1% |
| ABT Abbott Laboratories | 0.05% | 2,266 | $284K | Reduce -0.6% |
| HBAN Huntington Bancshares Inc. | 0.05% | 15,876 | $275K | New |
| WPM Wheaton Precious Metals Corp. | 0.05% | 2,266 | $266K | Add +15.8% |
| SPG Simon Property Group Inc. | 0.05% | 1,397 | $259K | New |
| BA The Boeing Co. | 0.04% | 1,153 | $250K | Reduce -0.4% |
| FEZ State Street SPDR Euro Stoxx | 0.04% | 3,800 | $245K | No change |
| KO The Coca-Cola Co. | 0.04% | 3,485 | $244K | Reduce -15.3% |
| DAX Global X Dax Germany ETF | 0.04% | 5,293 | $241K | No change |
| SPGI S&P Global Inc. | 0.04% | 462 | $241K | Reduce -0.2% |
| IAU iShares Gold Trust | 0.04% | 2,951 | $240K | No change |
| WM Waste Management Inc. | 0.04% | 1,089 | $239K | Reduce -0.9% |
| GLD SPDR Gold Shares | 0.04% | 600 | $238K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 464 | $233K | Reduce -5.1% |
| SO The Southern Co. | 0.04% | 2,608 | $227K | No change |
| VCIT Vanguard Int-Term Corporate | 0.04% | 2,681 | $225K | No change |
| AVAV Aerovironment Inc. | 0.04% | 923 | $223K | New |
| META Meta Platforms Inc. Class A | 0.04% | 333 | $220K | Reduce -14.6% |
| COF Capital One Financial Corp. | 0.04% | 899 | $218K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.04% | 1,842 | $210K | Reduce -74.8% |
| IWD iShares Russell 1000 Value E | 0.04% | 979 | $206K | New |
| AGG iShares Core U.S. Aggregate | 0.04% | 2,061 | $206K | No change |
| EWD iShares MSCI Sweden ETF | 0.04% | 4,174 | $205K | New |
| ASHR Xtrackers Harvest Csi 300 CH | 0.04% | 6,166 | $203K | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.04% | 667 | $202K | New |
| BKSY Blacksky Technology Inc. | 0.04% | 10,643 | $200K | New |
| SERV Serve Robotics Inc. | 0.03% | 18,355 | $191K | New |
| OWL Blue Owl Capital Inc. | 0.03% | 10,609 | $158K | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | 0.00% | 1,187 | $4K | New |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | 0.00% | 3,449 | $3K | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | 0.00% | 2,427 | $3K | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | 0.00% | 2,875 | $3K | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 0.00% | 2,550 | $3K | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | 0.00% | 2,943 | $3K | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | 0.00% | 2,481 | $3K | New |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | 0.00% | 2,623 | $3K | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | 0.00% | 2,578 | $3K | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | 0.00% | 2,941 | $3K | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | 0.00% | 2,283 | $3K | New |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | 0.00% | 2,438 | $3K | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | 0.00% | 2,475 | $3K | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | 0.00% | 2,511 | $3K | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | 0.00% | 2,267 | $3K | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | 0.00% | 1,780 | $2K | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | 0.00% | 1,349 | $2K | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | 0.00% | 1,976 | $2K | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | 0.00% | 1,998 | $2K | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | 0.00% | 1,465 | $2K | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | 0.00% | 1,500 | $2K | New |
| PARSONS CORP (PSN 2.625 03/01/29) | 0.00% | 578 | $606 | New |
Other holdings (9): bonds, preferreds, convertibles and warrants · $31.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 3,283 | $4.1M | Reduce -0.3% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 61,325 | $4.1M | Reduce -0.4% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 3,300 | $4.0M | Reduce -0.3% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 51,250 | $3.9M | Reduce -0.3% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 51,280 | $3.6M | Reduce -0.3% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 66,555 | $3.4M | Add +2.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 50,915 | $3.0M | Reduce -0.3% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 57,300 | $3.0M | Add +4.3% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 35,520 | $2.1M | Reduce -0.5% |
Total filed on the 13F, all lines: $601.8M.
Portfolio Sells Q3 2025 → Q4 2025
| TXN Texas Instruments Inc. | Reduce -95.1% | 0.06% | −1.22 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.61 |
| PANW Palo Alto Networks Inc. | Reduce -4.2% | 1.66% | −0.39 |
| VRIG Invesco Variable Rate Invest | Reduce -30.6% | 0.58% | −0.32 |
| AVGO Broadcom Inc. | Reduce -2.1% | 4.90% | −0.21 |
| COST Costco Wholesale Corp. | Reduce -9.3% | 0.75% | −0.20 |
| FANG Diamondback Energy Inc. | Reduce -73.6% | 0.07% | −0.20 |
| BXSL Blackstone Secured Lending F | Sold out | 0.00% | −0.20 |
| PWR Quanta Services Inc. | Reduce -1.8% | 1.75% | −0.13 |
| DIS The Walt Disney Co. | Reduce -74.8% | 0.04% | −0.12 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 2.16% | −0.08 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.08 |
| AAPL Apple Inc. | Reduce -1.3% | 3.28% | −0.06 |
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −0.05 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -0.5% | 0.33% | −0.03 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -0.5% | 0.27% | −0.02 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -0.5% | 0.23% | −0.02 |
| CLOA iShares Aaa Clo Act ETF-Usdi | Reduce -0.3% | 0.23% | −0.02 |
| HYBB iShares BB Rated Corp. Bond | Reduce -0.6% | 0.20% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -14.6% | 0.04% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -17.4% | 0.05% | −0.01 |
| AMGN Amgen Inc. | Reduce -19.7% | 0.09% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -0.1% | 0.10% | −0.01 |
| PGR Progressive Corp. | Reduce -0.3% | 0.06% | −0.01 |
| KO The Coca-Cola Co. | Reduce -15.3% | 0.04% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.6% | 0.05% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -0.2% | 0.06% | −0.01 |
| NRG NRG Energy Inc. | Reduce -0.1% | 0.08% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.1% | 0.04% | −0.01 |
| WM Waste Management Inc. | Reduce -0.9% | 0.04% | −0.00 |
| BA The Boeing Co. | Reduce -0.4% | 0.04% | −0.00 |
| SPGI S&P Global Inc. | Reduce -0.2% | 0.04% | 0.00 |
| GOOG Alphabet Inc. Class C | Reduce -5.0% | 0.26% | +0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| IBM Intl Business Machines Corp. | Add +1410.1% | 1.16% | +1.08 |
| LRCX Lam Research Corp. | Add +3.4% | 3.61% | +0.68 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 3.39% | +0.59 |
| ULTA Ulta Beauty Inc. | New | 0.54% | +0.54 |
| AXP American Express Co. | Add +7.6% | 4.02% | +0.42 |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | New | 0.38% | +0.38 |
| CSCO Cisco Systems Inc. | Add +17.5% | 1.60% | +0.30 |
| GS Goldman Sachs Group Inc. | Add +3.8% | 4.70% | +0.30 |
| VEEV Veeva Systems Inc. Class A | New | 0.28% | +0.28 |
| STLD Steel Dynamics Inc. | Add +6.0% | 1.51% | +0.25 |
| RTX RTX Corp. | Add +6.8% | 2.32% | +0.20 |
| TJX TJX Companies Inc. | Add +14.7% | 1.61% | +0.19 |
| SYK Stryker Corp. | Add +56.7% | 0.62% | +0.17 |
| JNJ Johnson & Johnson | Add +6.6% | 1.68% | +0.17 |
| BYLD iShares Yield Optimized Bond | New | 0.16% | +0.16 |
| WMT Walmart Inc. | Add +3.8% | 3.40% | +0.15 |
| USHY iShares Broad Usd High Yield | New | 0.11% | +0.11 |
| PLD Prologis Inc. | Add +6.5% | 1.06% | +0.10 |
| MELI MercadoLibre Inc. | New | 0.10% | +0.10 |
| COHR Coherent Corp. | New | 0.10% | +0.10 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.09% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | Add +24.0% | 0.74% | +0.08 |
| LLY Eli Lilly & Co. | New | 0.08% | +0.08 |
| TER Teradyne Inc. | New | 0.08% | +0.08 |
| CLOI Vaneck Clo ETF | New | 0.08% | +0.08 |
| PAAS Pan American Silver Corp. | Add +91.9% | 0.12% | +0.07 |
| CEG Constellation Energy | New | 0.07% | +0.07 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.07% | +0.07 |
| HON Honeywell International Inc. | New | 0.07% | +0.07 |
| SCCO Southern Copper Corp. | Add +64.6% | 0.14% | +0.06 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.06% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +51.7% | 0.14% | +0.06 |
| AMAT Applied Materials Inc. | New | 0.06% | +0.06 |
| SYM Symbotic Inc. | New | 0.06% | +0.06 |
| CRM Salesforce Inc. | Add +152.4% | 0.10% | +0.06 |
| IRDM Iridium Communications Inc. | New | 0.06% | +0.06 |
| MS Morgan Stanley | New | 0.06% | +0.06 |
| PL Planet Labs PBC | New | 0.06% | +0.06 |
| AMD Advanced Micro Devices | Add +2.1% | 0.27% | +0.06 |
| TLN Talen Energy Corp. | New | 0.05% | +0.05 |
| LEU Centrus Energy Corp. Class A | New | 0.05% | +0.05 |
| BWXT BWX Technologies Inc. | New | 0.05% | +0.05 |
| HBAN Huntington Bancshares Inc. | New | 0.05% | +0.05 |
| LIN Linde PLC | Add +111.6% | 0.11% | +0.05 |
| NEE Nextera Energy Inc. | Add +5.7% | 1.00% | +0.05 |
| SPG Simon Property Group Inc. | New | 0.05% | +0.05 |
| PLTM Graniteshares Platinum Trust | Add +94.1% | 0.07% | +0.04 |
| AVAV Aerovironment Inc. | New | 0.04% | +0.04 |
| COF Capital One Financial Corp. | New | 0.04% | +0.04 |
| BAC Bank of America Corp. | Add +71.4% | 0.09% | +0.04 |
Notes & Other Activity Q3 2025 → Q4 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.3% | 3,283 | $4.1M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -0.4% | 61,325 | $4.1M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.3% | 3,300 | $4.0M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -0.3% | 51,250 | $3.9M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 22,130 | $3.7Mbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -0.3% | 51,280 | $3.6M |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | Sold out | 34,690 | $3.5Mbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +2.4% | 66,555 | $3.4M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Sold out | 26,790 | $3.1Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Reduce -0.3% | 50,915 | $3.0M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +4.3% | 57,300 | $3.0M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Sold out | 25,590 | $2.9Mbefore exit |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 26,160 | $2.9Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Sold out | 21,870 | $2.9Mbefore exit |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Sold out | 28,960 | $2.9Mbefore exit |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Sold out | 24,940 | $2.8Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 30,000 | $2.8Mbefore exit |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Sold out | 24,910 | $2.8Mbefore exit |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | Sold out | 26,530 | $2.7Mbefore exit |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Sold out | 24,480 | $2.6Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Sold out | 17,820 | $2.6Mbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 25,230 | $2.6Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Sold out | 22,930 | $2.5Mbefore exit |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Sold out | 22,200 | $2.4Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Sold out | 19,850 | $2.3Mbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -0.5% | 35,520 | $2.1M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Sold out | 20,040 | $2.1Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 19,640 | $1.9Mbefore exit |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Sold out | 13,520 | $1.9Mbefore exit |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | Sold out | 17,500 | $1.9Mbefore exit |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Sold out | 15,280 | $1.6Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Sold out | 16,480 | $1.5Mbefore exit |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Sold out | 15,000 | $1.5Mbefore exit |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | Sold out | 12,960 | $1.2Mbefore exit |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Sold out | 10,210 | $1.1Mbefore exit |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Sold out | 6,530 | $747Kbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Sold out | 4,945 | $470Kbefore exit |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Sold out | 22,300 | $24Kbefore exit |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Sold out | 19,710 | $21Kbefore exit |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | Sold out | 4,500 | $5Kbefore exit |
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 |