Laffer Tengler Investments, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Laffer Tengler Investments, Inc. reported 141 stock positions worth $574.1 million. Its top holding was Goldman Sachs (GS) at 4.3% of the portfolio, followed by Lam Research (LRCX, 4.3%) and Broadcom (AVGO, 4.2%). Compared with Q4 2025, it opened 15 new positions, sold out of 46, added to 73 and reduced 32. The biggest buy was a new position in GE Vernova (GEV) and the biggest sale Broadcom (AVGO, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- Scottsdale, AZ
- CIK
- 0001307878
- Portfolio Value
- $574.1M (Q1 2026)
- SEC Filing
- 0001172661-26-001771 ↗ filed May 13, 2026
Holdings Value
Holdings 141 stocks · $574.1M
| GS Goldman Sachs Group Inc. | 4.32% | 29,291 | $24.8M | Reduce -4.0% |
| LRCX Lam Research Corp. | 4.25% | 114,314 | $24.4M | Reduce -5.0% |
| AVGO Broadcom Inc. | 4.18% | 77,546 | $24.0M | Reduce -4.1% |
| MSFT Microsoft Corp. | 3.86% | 59,928 | $22.2M | Add +13.9% |
| GOOGL Alphabet Inc. Class A | 3.69% | 73,660 | $21.2M | Add +19.1% |
| WMT Walmart Inc. | 3.55% | 164,140 | $20.4M | Reduce -5.8% |
| AXP American Express Co. | 3.37% | 63,906 | $19.3M | Add +3.1% |
| JPM JPMorgan Chase & Co. | 3.31% | 64,688 | $19.0M | Add +4.1% |
| AAPL Apple Inc. | 3.30% | 74,715 | $19.0M | Add +8.5% |
| ABBV Abbvie Inc. | 2.67% | 70,564 | $15.3M | Add +2.9% |
| RTX RTX Corp. | 2.52% | 75,002 | $14.5M | Add +3.7% |
| PWR Quanta Services Inc. | 2.29% | 23,946 | $13.1M | Add +1.4% |
| HD Home Depot Inc. | 2.13% | 37,122 | $12.2M | Add +0.9% |
| JNJ Johnson & Johnson | 2.08% | 48,797 | $11.9M | Add +5.5% |
| LHX L3HARRIS Technologies Inc. | 2.05% | 34,041 | $11.7M | Add +5.2% |
| AMZN Amazon.com Inc. | 1.94% | 53,577 | $11.2M | Add +0.5% |
| CVX Chevron Corp. | 1.92% | 53,370 | $11.0M | Reduce -23.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.75% | 62,780 | $10.0M | Add +4.7% |
| ORCL Oracle Corp. | 1.70% | 66,323 | $9.8M | Add +3.7% |
| CSCO Cisco Systems Inc. | 1.67% | 123,311 | $9.6M | Add +3.7% |
| STLD Steel Dynamics Inc. | 1.64% | 52,360 | $9.4M | Add +2.6% |
| NVDA Nvidia Corp. | 1.60% | 52,523 | $9.2M | Add +2.4% |
| EMR Emerson Electric Co. | 1.53% | 67,093 | $8.8M | Add +3.5% |
| SBUX Starbucks Corp. | 1.47% | 94,001 | $8.4M | Add +4.0% |
| MCD McDonald's Corp. | 1.45% | 26,776 | $8.3M | Add +7.6% |
| CARR Carrier Global Corp. | 1.45% | 147,405 | $8.3M | Add +3.6% |
| PANW Palo Alto Networks Inc. | 1.43% | 51,040 | $8.2M | Reduce -0.6% |
| SPOT Spotify Technology SA | 1.38% | 16,318 | $7.9M | Add +9.8% |
| WMB Williams Cos Inc. | 1.33% | 104,849 | $7.6M | Add +24.8% |
| BAM Brookfield Asset Mgmt-A | 1.26% | 162,520 | $7.2M | Add +2.3% |
| UBER Uber Technologies Inc. | 1.20% | 95,583 | $6.9M | Reduce -1.8% |
| NEE Nextera Energy Inc. | 1.19% | 73,505 | $6.8M | Add +3.0% |
| PLD Prologis Inc. | 1.17% | 50,793 | $6.7M | Add +6.9% |
| NOW ServiceNow Inc. | 1.14% | 62,784 | $6.6M | Add +16.6% |
| DHI D.R. Horton Inc. | 1.14% | 47,645 | $6.5M | Add +36.1% |
| TSLA Tesla Inc. | 1.07% | 16,466 | $6.1M | Add +4.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.02% | 24,077 | $5.8M | Add +7.8% |
| EOG EOG Resources Inc. | 1.00% | 39,829 | $5.8M | Reduce -34.9% |
| DE Deere & Co. | 0.96% | 9,771 | $5.5M | Add +4.3% |
| MDT Medtronic PLC | 0.95% | 63,106 | $5.5M | Add +6.7% |
| COST Costco Wholesale Corp. | 0.93% | 5,369 | $5.3M | Add +8.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.77% | 11,365 | $4.4M | Add +1.0% |
| PLTR Palantir Technologies Inc. Class A | 0.75% | 29,396 | $4.3M | Add +24.1% |
| ETN Eaton Corp. PLC | 0.73% | 11,659 | $4.2M | Add +25.2% |
| GEV GE Vernova Inc. | 0.62% | 4,062 | $3.5M | New |
| SYK Stryker Corp. | 0.58% | 10,122 | $3.3M | Add +1.0% |
| V Visa Inc. Class A | 0.57% | 10,875 | $3.3M | Add +1.9% |
| EQT Eqt Corp. | 0.55% | 50,032 | $3.2M | Add +1.9% |
| IVW iShares S&P 500 Growth ETF | 0.49% | 24,844 | $2.8M | No change |
| ULTA Ulta Beauty Inc. | 0.47% | 5,200 | $2.7M | Add +2.3% |
| NFLX Netflix Inc. | 0.45% | 26,690 | $2.6M | Add +2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.43% | 3,793 | $2.5M | Reduce -17.6% |
| GLD SPDR Gold Shares | 0.42% | 5,600 | $2.4M | Add +833.3% |
| AMD Advanced Micro Devices | 0.39% | 11,117 | $2.3M | Add +55.8% |
| SHW The Sherwin-Williams Co. | 0.39% | 6,979 | $2.2M | Add +2.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.35% | 47,395 | $2.0M | Add +6.7% |
| ETF OPPORTUNITIES TRUST | 0.34% | 54,382 | $2.0M | Add +26.4% |
| IVE iShares S&P 500 Value ETF | 0.33% | 9,049 | $1.9M | No change |
| JAAA Janus Henderson Aaa Clo ETF | 0.28% | 32,459 | $1.6M | Add +5.1% |
| PFFA Virtus Infracap US Pref STCK | 0.27% | 75,121 | $1.5M | New |
| VRIG Invesco Variable Rate Invest | 0.26% | 60,064 | $1.5M | Reduce -54.3% |
| BYLD iShares Yield Optimized Bond | 0.25% | 64,796 | $1.5M | Add +65.8% |
| GOOG Alphabet Inc. Class C | 0.25% | 4,942 | $1.4M | Add +4.6% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.25% | 27,223 | $1.4M | Add +8.3% |
| SCCO Southern Copper Corp. | 0.21% | 6,984 | $1.2M | Add +23.6% |
| SCHF Schwab Intl Equity ETF | 0.21% | 47,759 | $1.2M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 2,434 | $1.2M | Add +424.6% |
| IEMG iShares Core MSCI Emerging | 0.18% | 15,068 | $1.1M | No change |
| INFL Horizon Kinetics Infl Benef | 0.18% | 20,000 | $1.0M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 1,707 | $985K | No change |
| BINC iShares Flex I A ETF-Usd Inc. | 0.17% | 18,663 | $969K | Reduce -24.5% |
| BXSL Blackstone Secured Lending F | 0.17% | 40,111 | $950K | New |
| TER Teradyne Inc. | 0.16% | 3,152 | $934K | Add +35.7% |
| EWJ iShares MSCI Japan ETF | 0.16% | 10,838 | $915K | No change |
| LIN Linde PLC | 0.15% | 1,682 | $834K | Add +14.9% |
| PAAS Pan American Silver Corp. | 0.14% | 14,776 | $807K | Add +9.3% |
| COHR Coherent Corp. | 0.14% | 3,317 | $790K | Add +12.8% |
| CCJ Cameco Corp. | 0.14% | 7,231 | $785K | Add +38.3% |
| IVV iShares Core S&P 500 ETF | 0.14% | 1,194 | $780K | No change |
| VEA Vanguard Ftse Developed ETF | 0.14% | 12,142 | $778K | No change |
| PL Planet Labs PBC | 0.13% | 27,455 | $767K | Add +68.7% |
| ISRG Intuitive Surgical Inc. | 0.13% | 1,663 | $767K | Add +17.9% |
| EZU iShares MSCI Eurozone ETF | 0.12% | 11,235 | $704K | No change |
| IWB iShares Russell 1000 ETF | 0.12% | 1,892 | $675K | No change |
| USHY iShares Broad Usd High Yield | 0.12% | 18,233 | $672K | Add +8.4% |
| LMT Lockheed Martin Corp. | 0.11% | 1,015 | $613K | Reduce -10.3% |
| XOM Exxon Mobil Corp. | 0.11% | 3,560 | $604K | Reduce -24.0% |
| EFA iShares MSCI Eafe ETF | 0.10% | 6,114 | $594K | Add +96.3% |
| RKLB Rocket Lab Corp. | 0.10% | 9,013 | $579K | New |
| USB US Bancorp | 0.09% | 10,320 | $537K | Reduce -10.8% |
| PLTM Graniteshares Platinum Trust | 0.09% | 28,091 | $531K | Add +35.9% |
| EWU iShares MSCI United Kingdom | 0.09% | 11,600 | $528K | No change |
| GD General Dynamics Corp. | 0.09% | 1,513 | $519K | New |
| BWXT BWX Technologies Inc. | 0.09% | 2,533 | $518K | Add +49.4% |
| HON Honeywell International Inc. | 0.09% | 2,253 | $509K | Add +17.0% |
| PAVE Global X US Infrastructure | 0.09% | 10,000 | $508K | New |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.09% | 1,096 | $508K | No change |
| AMGN Amgen Inc. | 0.09% | 1,437 | $506K | Reduce -8.3% |
| MELI MercadoLibre Inc. | 0.09% | 285 | $493K | No change |
| CLOI Vaneck Clo ETF | 0.08% | 9,187 | $484K | Add +8.4% |
| VNOM Viper Energy Inc. Class A | 0.08% | 10,200 | $479K | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.08% | 1,090 | $476K | No change |
| IRDM Iridium Communications Inc. | 0.08% | 16,913 | $469K | Reduce -12.2% |
| AMAT Applied Materials Inc. | 0.08% | 1,350 | $461K | Reduce -1.2% |
| INDA iShares MSCI India ETF | 0.08% | 9,653 | $452K | Reduce -23.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 9,100 | $444K | Reduce -3.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.07% | 1,406 | $428K | Add +12.2% |
| SYM Symbotic Inc. | 0.07% | 8,023 | $427K | Add +36.0% |
| NRG NRG Energy Inc. | 0.07% | 2,850 | $416K | Reduce -0.2% |
| CEG Constellation Energy | 0.07% | 1,459 | $407K | Add +29.5% |
| WPM Wheaton Precious Metals Corp. | 0.07% | 3,100 | $406K | Add +36.8% |
| CRM Salesforce Inc. | 0.07% | 2,117 | $395K | Reduce -0.6% |
| LLY Eli Lilly & Co. | 0.07% | 411 | $378K | Reduce -1.9% |
| VFH Vanguard Financials ETF | 0.06% | 2,924 | $353K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.06% | 6,397 | $346K | No change |
| VOX Vanguard Communication Servi | 0.06% | 1,920 | $345K | No change |
| PM Philip Morris International | 0.06% | 2,001 | $331K | New |
| VST Vistra Corp. | 0.05% | 2,069 | $311K | New |
| FANG Diamondback Energy Inc. | 0.05% | 1,572 | $311K | Reduce -39.6% |
| SPPP Sprott Physical Platinum And | 0.05% | 20,000 | $311K | New |
| TXN Texas Instruments Inc. | 0.05% | 1,570 | $305K | Reduce -13.9% |
| PGR Progressive Corp. | 0.05% | 1,528 | $303K | Reduce -0.4% |
| AVAV Aerovironment Inc. | 0.05% | 1,496 | $274K | Add +62.1% |
| TLN Talen Energy Corp. | 0.05% | 830 | $265K | Add +4.9% |
| PG The Procter & Gamble Co. | 0.05% | 1,834 | $265K | Reduce -45.2% |
| IAU iShares Gold Trust | 0.05% | 2,951 | $260K | No change |
| KO The Coca-Cola Co. | 0.05% | 3,419 | $260K | Reduce -1.9% |
| SO The Southern Co. | 0.04% | 2,600 | $251K | Reduce -0.3% |
| WM Waste Management Inc. | 0.04% | 1,089 | $250K | No change |
| PSLV Sprott Physical Silver Trust | 0.04% | 10,000 | $244K | New |
| DRI Darden Restaurants Inc. | 0.04% | 1,221 | $239K | Reduce -21.7% |
| SERV Serve Robotics Inc. | 0.04% | 28,292 | $239K | Add +54.1% |
| NGG National Grid PLC-SP ADR | 0.04% | 2,789 | $236K | New |
| FEZ State Street SPDR Euro Stoxx | 0.04% | 3,800 | $236K | No change |
| COP Conocophillips | 0.04% | 1,770 | $234K | New |
| MS Morgan Stanley | 0.04% | 1,417 | $233K | Reduce -24.6% |
| LEU Centrus Energy Corp. Class A | 0.04% | 1,334 | $232K | Add +9.5% |
| ABT Abbott Laboratories | 0.04% | 2,181 | $224K | Reduce -3.8% |
| KTOS Kratos Defense & Security | 0.04% | 3,154 | $222K | New |
| SPG Simon Property Group Inc. | 0.04% | 1,137 | $212K | Reduce -18.6% |
| IWD iShares Russell 1000 Value E | 0.04% | 979 | $209K | No change |
Other holdings (41): bonds, preferreds, convertibles and warrants · $98.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 4,213 | $5.1M | Add +28.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 4,429 | $5.1M | Add +34.2% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 63,630 | $4.1M | Add +3.8% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 2,403 | $3.7M | New |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 3,431 | $3.5M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 2,823 | $3.3M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 51,005 | $3.3M | Reduce -0.5% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 2,885 | $3.3M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 2,797 | $3.3M | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 1,344 | $3.2M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 2,670 | $3.2M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 2,475 | $3.1M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 52,450 | $3.1M | Add +2.3% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 51,755 | $3.0M | Add +1.6% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 2,525 | $2.9M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 2,960 | $2.9M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 2,864 | $2.9M | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 2,740 | $2.8M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 2,274 | $2.8M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 2,473 | $2.6M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 2,923 | $2.6M | New |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 69,610 | $2.5M | Add +4.6% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 35,305 | $2.5M | Reduce -0.6% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 2,477 | $2.5M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 60,730 | $2.4M | Add +6.0% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 49,970 | $2.3M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 1,779 | $2.2M | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 1,968 | $2.1M | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 1,993 | $2.0M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 1,143 | $1.9M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,515 | $1.8M | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 1,500 | $1.8M | New |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 1,389 | $1.3M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 812 | $757K | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 641 | $635K | New |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 492 | $511K | New |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 450 | $393K | New |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 412 | $374K | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 4,850 | $265K | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 2,464 | $3K | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 2,204 | $2K | New |
Total filed on the 13F, all lines: $672.2M.
Portfolio Sells Q4 2025 → Q1 2026
| AVGO Broadcom Inc. | Reduce -4.1% | 4.18% | −0.72 |
| XYL Xylem Inc. | Sold out | 0.00% | −0.55 |
| GS Goldman Sachs Group Inc. | Reduce -4.0% | 4.32% | −0.38 |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | Sold out | 0.00% | −0.38 |
| VRIG Invesco Variable Rate Invest | Reduce -54.3% | 0.26% | −0.32 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.28 |
| PANW Palo Alto Networks Inc. | Reduce -0.6% | 1.43% | −0.23 |
| HYBB iShares BB Rated Corp. Bond | Sold out | 0.00% | −0.20 |
| UBER Uber Technologies Inc. | Reduce -1.8% | 1.20% | −0.20 |
| IWP iShares Russell Mid-Cap Grow | Sold out | 0.00% | −0.12 |
| EOG EOG Resources Inc. | Reduce -34.9% | 1.00% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -17.6% | 0.43% | −0.12 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.07 |
| CWB SS SPDR BB Conv Sec ETF | Sold out | 0.00% | −0.07 |
| BINC iShares Flex I A ETF-Usd Inc. | Reduce -24.5% | 0.17% | −0.06 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.06 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Sold out | 0.00% | −0.05 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.05 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.05 |
| BA The Boeing Co. | Sold out | 0.00% | −0.04 |
| DAX Global X Dax Germany ETF | Sold out | 0.00% | −0.04 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.04 |
| INDA iShares MSCI India ETF | Reduce -23.8% | 0.08% | −0.04 |
| VCIT Vanguard Int-Term Corporate | Sold out | 0.00% | −0.04 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.04 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -45.2% | 0.05% | −0.04 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.04 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.04 |
| EWD iShares MSCI Sweden ETF | Sold out | 0.00% | −0.04 |
| ASHR Xtrackers Harvest Csi 300 CH | Sold out | 0.00% | −0.04 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Sold out | 0.00% | −0.04 |
| BKSY Blacksky Technology Inc. | Sold out | 0.00% | −0.04 |
| CRM Salesforce Inc. | Reduce -0.6% | 0.07% | −0.03 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.03 |
| MS Morgan Stanley | Reduce -24.6% | 0.04% | −0.02 |
| USB US Bancorp | Reduce -10.8% | 0.09% | −0.01 |
| FANG Diamondback Energy Inc. | Reduce -39.6% | 0.05% | −0.01 |
| BAC Bank of America Corp. | Reduce -3.9% | 0.08% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -1.9% | 0.07% | −0.01 |
| ABT Abbott Laboratories | Reduce -3.8% | 0.04% | −0.01 |
| DRI Darden Restaurants Inc. | Reduce -21.7% | 0.04% | −0.01 |
| PGR Progressive Corp. | Reduce -0.4% | 0.05% | −0.01 |
| SPG Simon Property Group Inc. | Reduce -18.6% | 0.04% | −0.01 |
| NRG NRG Energy Inc. | Reduce -0.2% | 0.07% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -13.9% | 0.05% | −0.00 |
| AMGN Amgen Inc. | Reduce -8.3% | 0.09% | −0.00 |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | Sold out | 0.00% | −0.00 |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | Sold out | 0.00% | −0.00 |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| GEV GE Vernova Inc. | New | 0.62% | +0.62 |
| PWR Quanta Services Inc. | Add +1.4% | 2.29% | +0.54 |
| WMB Williams Cos Inc. | Add +24.8% | 1.33% | +0.44 |
| JNJ Johnson & Johnson | Add +5.5% | 2.08% | +0.40 |
| LHX L3HARRIS Technologies Inc. | Add +5.2% | 2.05% | +0.38 |
| GLD SPDR Gold Shares | Add +833.3% | 0.42% | +0.38 |
| GOOGL Alphabet Inc. Class A | Add +19.1% | 3.69% | +0.30 |
| PFFA Virtus Infracap US Pref STCK | New | 0.27% | +0.27 |
| DHI D.R. Horton Inc. | Add +36.1% | 1.14% | +0.26 |
| ETN Eaton Corp. PLC | Add +25.2% | 0.73% | +0.21 |
| RTX RTX Corp. | Add +3.7% | 2.52% | +0.20 |
| DE Deere & Co. | Add +4.3% | 0.96% | +0.20 |
| NEE Nextera Energy Inc. | Add +3.0% | 1.19% | +0.19 |
| COST Costco Wholesale Corp. | Add +8.5% | 0.93% | +0.18 |
| INFL Horizon Kinetics Infl Benef | New | 0.18% | +0.18 |
| BXSL Blackstone Secured Lending F | New | 0.17% | +0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +424.6% | 0.20% | +0.16 |
| SBUX Starbucks Corp. | Add +4.0% | 1.47% | +0.13 |
| TJX TJX Companies Inc. | Add +4.7% | 1.75% | +0.13 |
| CARR Carrier Global Corp. | Add +3.6% | 1.45% | +0.13 |
| STLD Steel Dynamics Inc. | Add +2.6% | 1.64% | +0.13 |
| AMD Advanced Micro Devices | Add +55.8% | 0.39% | +0.13 |
| MCD McDonald's Corp. | Add +7.6% | 1.45% | +0.12 |
| PLD Prologis Inc. | Add +6.9% | 1.17% | +0.11 |
| RKLB Rocket Lab Corp. | New | 0.10% | +0.10 |
| BYLD iShares Yield Optimized Bond | Add +65.8% | 0.25% | +0.10 |
| EQT Eqt Corp. | Add +1.9% | 0.55% | +0.09 |
| GD General Dynamics Corp. | New | 0.09% | +0.09 |
| PAVE Global X US Infrastructure | New | 0.09% | +0.09 |
| TER Teradyne Inc. | Add +35.7% | 0.16% | +0.08 |
| VNOM Viper Energy Inc. Class A | New | 0.08% | +0.08 |
| PL Planet Labs PBC | Add +68.7% | 0.13% | +0.08 |
| ETF OPPORTUNITIES TRUST | Add +26.4% | 0.34% | +0.07 |
| SCCO Southern Copper Corp. | Add +23.6% | 0.21% | +0.07 |
| CSCO Cisco Systems Inc. | Add +3.7% | 1.67% | +0.06 |
| PM Philip Morris International | New | 0.06% | +0.06 |
| VST Vistra Corp. | New | 0.05% | +0.05 |
| SPPP Sprott Physical Platinum And | New | 0.05% | +0.05 |
| CCJ Cameco Corp. | Add +38.3% | 0.14% | +0.05 |
| EFA iShares MSCI Eafe ETF | Add +96.3% | 0.10% | +0.05 |
| COHR Coherent Corp. | Add +12.8% | 0.14% | +0.04 |
| PSLV Sprott Physical Silver Trust | New | 0.04% | +0.04 |
| NGG National Grid PLC-SP ADR | New | 0.04% | +0.04 |
| COP Conocophillips | New | 0.04% | +0.04 |
| BWXT BWX Technologies Inc. | Add +49.4% | 0.09% | +0.04 |
| KTOS Kratos Defense & Security | New | 0.04% | +0.04 |
| LIN Linde PLC | Add +14.9% | 0.15% | +0.04 |
| AAPL Apple Inc. | Add +8.5% | 3.30% | +0.02 |
| WPM Wheaton Precious Metals Corp. | Add +36.8% | 0.07% | +0.02 |
| EMR Emerson Electric Co. | Add +3.5% | 1.53% | +0.02 |
Notes & Other Activity Q4 2025 → Q1 2026
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +28.3% | 4,213 | $5.1M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +34.2% | 4,429 | $5.1M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +3.8% | 63,630 | $4.1M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 2,403 | $3.7M |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | New | 3,431 | $3.5M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | New | 2,823 | $3.3M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -0.5% | 51,005 | $3.3M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 2,885 | $3.3M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | New | 2,797 | $3.3M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | New | 1,344 | $3.2M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 2,670 | $3.2M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 2,475 | $3.1M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +2.3% | 52,450 | $3.1M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +1.6% | 51,755 | $3.0M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | New | 2,525 | $2.9M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 2,960 | $2.9M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | New | 2,864 | $2.9M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | New | 2,740 | $2.8M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | New | 2,274 | $2.8M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | New | 2,473 | $2.6M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 2,923 | $2.6M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +4.6% | 69,610 | $2.5M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -0.6% | 35,305 | $2.5M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | New | 2,477 | $2.5M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +6.0% | 60,730 | $2.4M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 49,970 | $2.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 1,779 | $2.2M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | New | 1,968 | $2.1M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | New | 1,993 | $2.0M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 1,143 | $1.9M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | New | 1,515 | $1.8M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | New | 1,500 | $1.8M |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | New | 1,389 | $1.3M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 812 | $757K |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 641 | $635K |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | New | 492 | $511K |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | New | 450 | $393K |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | New | 412 | $374K |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 4,850 | $265K |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | New | 2,464 | $3K |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | New | 2,204 | $2K |
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 |