Lazard Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Lazard Asset Management LLC reported 2,078 stock positions worth $59.6 billion. Its top holding was Microsoft (MSFT) at 4.9% of the portfolio, followed by Apple (AAPL, 4.4%) and Amazon.com (AMZN, 3.8%). Compared with Q4 2024, it opened 232 new positions, sold out of 308, added to 959 and reduced 789. The biggest buy was Qualcomm (QCOM, shares +195%) and the biggest sale Amazon.com (AMZN, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001207017
- Portfolio Value
- $59.6B (Q1 2025)
- SEC Filing
- 0001207017-25-000047 ↗ filed May 15, 2025
Holdings Value
Holdings 2,078 stocks · $59.6B
| MSFT Microsoft Corp. | 4.93% | 7,834,373 | $2.9B | Reduce -1.7% |
| AAPL Apple Inc. | 4.42% | 11,869,338 | $2.6B | Add +15.3% |
| AMZN Amazon.com Inc. | 3.85% | 12,051,609 | $2.3B | Reduce -18.2% |
| V Visa Inc. Class A | 2.57% | 4,371,936 | $1.5B | Reduce -7.0% |
| GOOGL Alphabet Inc. Class A | 2.19% | 8,421,886 | $1.3B | Add +0.0% |
| ICE Intercontinental Exchange Inc. | 2.04% | 7,061,018 | $1.2B | Reduce -13.9% |
| EXC Exelon Corp. | 1.72% | 22,243,429 | $1.0B | Reduce -9.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.72% | 24,529,380 | $1.0B | Reduce -9.7% |
| AON Aon PLC Class A | 1.50% | 2,240,955 | $894.3M | Reduce -4.1% |
| TMO Thermo Fisher Scientific Inc. | 1.30% | 1,557,847 | $775.2M | Add +4.4% |
| XOM Exxon Mobil Corp. | 1.27% | 6,376,663 | $758.4M | Reduce -4.8% |
| TSM Taiwan Semiconductor-SP ADR | 1.24% | 4,452,616 | $739.1M | Add +4.4% |
| NSC Norfolk Southern Corp. | 1.23% | 3,087,570 | $731.3M | Reduce -30.1% |
| AVGO Broadcom Inc. | 1.22% | 4,327,405 | $724.5M | Add +5.8% |
| CSX CSX Corp. | 1.21% | 24,417,268 | $718.6M | Add +15.6% |
| AEP American Electric Power | 1.19% | 6,470,857 | $707.1M | Add +0.8% |
| WM Waste Management Inc. | 1.18% | 3,042,437 | $704.4M | Reduce -2.2% |
| UNH Unitedhealth Group Inc. | 1.11% | 1,259,687 | $659.8M | Reduce -32.4% |
| LLY Eli Lilly & Co. | 1.08% | 779,893 | $644.1M | Add +15.0% |
| KO The Coca-Cola Co. | 1.08% | 8,957,070 | $641.5M | Add +0.8% |
| BSX Boston Scientific Corp. | 1.06% | 6,260,560 | $631.6M | Reduce -3.4% |
| DHR Danaher Corp. | 1.03% | 3,004,657 | $616.0M | Add +6.1% |
| ACN Accenture PLC Class A | 1.03% | 1,964,507 | $613.0M | Reduce -22.5% |
| NVDA Nvidia Corp. | 1.02% | 5,591,022 | $606.0M | Add +4.5% |
| ADI Analog Devices Inc. | 0.99% | 2,925,061 | $589.9M | Reduce -3.3% |
| SCHW Schwab (charles) Corp. | 0.98% | 7,425,761 | $581.3M | Reduce -0.4% |
| APH Amphenol Corp. Class A | 0.97% | 8,831,645 | $579.3M | Reduce -15.1% |
| MRSH Marsh & McLennan Cos | 0.96% | 2,338,379 | $570.6M | Reduce -14.5% |
| PG The Procter & Gamble Co. | 0.95% | 3,309,189 | $564.0M | Add +1.9% |
| ROK Rockwell Automation Inc. | 0.94% | 2,179,247 | $563.1M | Reduce -11.2% |
| MCD McDonald's Corp. | 0.89% | 1,698,515 | $530.6M | Reduce -4.0% |
| AMAT Applied Materials Inc. | 0.88% | 3,611,809 | $524.1M | Reduce -4.4% |
| BABA Alibaba Group Holding-SP ADR | 0.85% | 3,842,581 | $508.1M | Reduce -11.8% |
| COP Conocophillips | 0.80% | 4,565,354 | $479.5M | Reduce -13.6% |
| MRVL Marvell Technology Inc. | 0.76% | 7,320,255 | $450.7M | Add +6.8% |
| CB Chubb Ltd. | 0.76% | 1,492,166 | $450.6M | Reduce -3.7% |
| MRK Merck & Co. Inc. | 0.76% | 5,018,629 | $450.5M | Add +47.2% |
| ZTS Zoetis Inc. | 0.72% | 2,607,553 | $429.3M | Reduce -2.0% |
| QCOM Qualcomm Inc. | 0.71% | 2,753,714 | $423.0M | Add +195.0% |
| MDT Medtronic PLC | 0.70% | 4,667,125 | $419.4M | Reduce -34.0% |
| GS Goldman Sachs Group Inc. | 0.70% | 763,117 | $416.9M | Reduce -1.6% |
| BX Blackstone Inc. | 0.68% | 2,883,571 | $403.1M | Add +12.7% |
| ADBE Adobe Inc. | 0.67% | 1,048,518 | $402.1M | Add +0.1% |
| J Jacobs Solutions Inc. | 0.67% | 3,307,043 | $399.8M | Add +56.8% |
| PLD Prologis Inc. | 0.65% | 3,456,963 | $386.5M | Reduce -34.3% |
| EFX Equifax Inc. | 0.65% | 1,586,563 | $386.4M | Add +67.7% |
| HD Home Depot Inc. | 0.65% | 1,051,751 | $385.5M | Reduce -4.0% |
| NTES Netease Inc.-ADR | 0.62% | 3,613,724 | $371.9M | Add +0.4% |
| AXP American Express Co. | 0.61% | 1,351,702 | $363.7M | Reduce -15.4% |
| BA The Boeing Co. | 0.60% | 2,097,460 | $357.7M | Reduce -6.2% |
| CBRE CBRE Group Inc. Class A | 0.57% | 2,593,892 | $339.2M | Add +3.7% |
| CRM Salesforce Inc. | 0.57% | 1,262,603 | $338.8M | Add +97.2% |
| NDSN Nordson Corp. | 0.56% | 1,648,919 | $332.6M | Add +5.6% |
| AVY Avery Dennison Corp. | 0.55% | 1,844,370 | $328.2M | Add +0.1% |
| PBR Petroleo Brasileiro-Spon ADR | 0.53% | 21,876,852 | $313.7M | Add +0.6% |
| IQV Iqvia Holdings Inc. | 0.52% | 1,759,037 | $310.1M | Reduce -32.9% |
| GOOG Alphabet Inc. Class C | 0.52% | 1,980,190 | $309.4M | Add +1.2% |
| HDB HDFC Bank Ltd.-ADR | 0.50% | 4,521,568 | $300.4M | Add +3.2% |
| ISRG Intuitive Surgical Inc. | 0.49% | 586,842 | $290.6M | Reduce -14.7% |
| ODFL Old Dominion Freight Line | 0.48% | 1,732,799 | $286.7M | Add +40.4% |
| AME Ametek Inc. | 0.48% | 1,663,254 | $286.3M | Add +36.9% |
| CRH CRH PLC | 0.47% | 3,178,288 | $279.6M | Reduce -6.9% |
| HEI Heico Corp. | 0.47% | 1,037,534 | $277.2M | Reduce -4.2% |
| MDLZ Mondelez International Inc. Class A | 0.46% | 4,022,590 | $272.9M | Add +23.6% |
| TT Trane Technologies PLC | 0.46% | 810,053 | $272.9M | Add +308.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.45% | 6,383,847 | $270.5M | Reduce -9.2% |
| SPGI S&P Global Inc. | 0.45% | 530,230 | $269.4M | Reduce -1.6% |
| UL Unilever PLC | 0.45% | 4,522,744 | $269.3M | Add +3.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.43% | 532,597 | $258.2M | Add +1.2% |
| JD Jd.com Inc.-ADR | 0.39% | 5,647,202 | $232.2M | Reduce -11.4% |
| AMX America Movil Sab DE CV | 0.37% | 15,440,100 | $219.6M | Add +9.6% |
| CX Cemex Sab-Spons ADR Part Cer | 0.36% | 38,736,083 | $217.3M | Add +5.2% |
| IBN Icici Bank Ltd.-Spon ADR | 0.35% | 6,690,662 | $210.9M | Reduce -6.5% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.34% | 3,730,307 | $204.8M | Add +44.3% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 0.34% | 13,769,862 | $203.4M | Reduce -16.1% |
| SBUX Starbucks Corp. | 0.33% | 2,028,521 | $199.0M | Add +15.5% |
| WIX Wix.com Ltd. | 0.33% | 1,210,870 | $197.8M | Add +2.9% |
| OMC Omnicom Group | 0.33% | 2,375,151 | $196.9M | Add +4.4% |
| META Meta Platforms Inc. Class A | 0.32% | 335,149 | $193.2M | Add +23.9% |
| VALE Vale SA-SP ADR | 0.32% | 19,077,634 | $190.4M | Add +4.6% |
| BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG | 0.32% | 11,597,122 | $188.6M | Add +6.1% |
| CDNS Cadence Design SYS Inc. | 0.31% | 735,788 | $187.1M | Add +31.2% |
| RELX Relx PLC - Spon ADR | 0.31% | 3,691,133 | $186.1M | Reduce -12.6% |
| IVV iShares Core S&P 500 ETF | 0.31% | 326,171 | $183.3M | Reduce -1.9% |
| PTC PTC Inc. | 0.31% | 1,177,525 | $182.5M | Add +3.4% |
| ICLR Icon PLC | 0.30% | 1,008,965 | $176.6M | Reduce -45.0% |
| AMD Advanced Micro Devices | 0.28% | 1,636,190 | $168.1M | Reduce -54.7% |
| FISV Fiserv Inc. | 0.28% | 756,756 | $167.1M | Add +52.0% |
| ADSK Autodesk Inc. | 0.27% | 610,134 | $159.7M | Add +3.3% |
| ASX Ase Technology Holding -ADR | 0.27% | 18,228,334 | $159.7M | Reduce -0.8% |
| TX Ternium SA-Sponsored ADR | 0.27% | 5,121,031 | $159.6M | Add +18.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.26% | 3,757,072 | $157.0M | Add +3.6% |
| ETN Eaton Corp. PLC | 0.25% | 556,802 | $151.4M | Reduce -10.6% |
| MU Micron Technology Inc. | 0.25% | 1,741,855 | $151.3M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 0.25% | 275,248 | $150.9M | Reduce -5.3% |
| PAC Grupo Aeroportuario Pac-ADR | 0.24% | 776,018 | $144.0M | Add +16.6% |
| XRAY Dentsply Sirona Inc. | 0.23% | 9,362,236 | $139.9M | Add +16.4% |
| DE Deere & Co. | 0.23% | 289,778 | $136.0M | Add +803.4% |
| BAX Baxter International Inc. | 0.22% | 3,767,439 | $129.0M | Add +74.6% |
| BAP Credicorp Ltd. | 0.21% | 679,899 | $126.6M | Reduce -9.1% |
Other holdings (250): bonds, preferreds, convertibles and warrants · $5.5B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 124,765,000 | $152.5M | Add +4.9% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 126,936,000 | $132.1M | Add +100.1% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 134,783,000 | $127.6M | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 110,362,000 | $123.0M | Add +0.1% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 75,351,000 | $111.1M | Add +28.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 104,569,000 | $104.4M | Reduce -32.5% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 94,868,000 | $98.5M | Add +25.8% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 82,473,000 | $94.8M | Add +83.1% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 79,982,000 | $92.5M | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 92,696,000 | $90.2M | Reduce -28.8% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 78,737,000 | $87.3M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 88,599,000 | $87.0M | Add +63.5% |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 41,223,000 | $83.1M | Reduce -27.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 92,587,000 | $81.5M | Add +21.4% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 89,988,000 | $77.8M | Reduce -1.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 56,644,000 | $75.6M | Add +17.1% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 74,643,000 | $75.1M | Add +29.9% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 58,613,000 | $74.4M | Add +4.5% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 69,777,000 | $73.9M | Reduce -1.1% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 68,981,000 | $67.5M | Add +53.0% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 76,093,000 | $65.2M | New |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 49,969,000 | $64.4M | Add +96.4% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 66,321,000 | $63.7M | Add +13.8% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 63,318,000 | $63.6M | Add +44.3% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 62,749,000 | $61.2M | Add +179.2% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 54,517,000 | $61.0M | Reduce -10.4% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 44,335,000 | $56.8M | Reduce -9.2% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 62,115,000 | $55.2M | Add +340.1% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 55,384,000 | $53.2M | Add +138.7% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 44,423,000 | $51.3M | Reduce -7.6% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 39,177,000 | $47.9M | Reduce -32.8% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 39,737,000 | $47.5M | New |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 47,973,000 | $47.1M | No change |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 41,933,000 | $47.1M | Add +54.9% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 38,727,000 | $46.7M | Reduce -12.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 47,786,000 | $45.6M | Add +1977.7% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 47,970,000 | $44.9M | Add +6.8% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 44,606,000 | $44.0M | Add +7.3% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 44,241,000 | $43.5M | Reduce -3.3% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 41,466,000 | $42.5M | Reduce -3.7% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 42,451,000 | $42.5M | Add +38.2% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 32,251,000 | $42.2M | Reduce -29.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 43,051,000 | $42.1M | Add +446.8% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 37,520,000 | $41.7M | Reduce -2.5% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 40,146,000 | $41.2M | Reduce -11.7% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 34,414,000 | $40.9M | Reduce -2.6% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 43,268,000 | $40.7M | Reduce -34.8% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 29,965,000 | $39.8M | Add +81.6% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 36,867,000 | $39.2M | Add +1551.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 42,230,000 | $38.9M | Add +146.1% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 39,489,000 | $38.4M | Add +464.1% |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 38,220,000 | $37.9M | Add +2.7% |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 34,500,000 | $37.2M | Add +19.0% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 34,941,000 | $37.1M | Reduce -1.6% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 33,315,000 | $36.5M | Reduce -9.8% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 39,219,000 | $36.5M | Reduce -2.1% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 28,922,000 | $35.7M | Add +40635.2% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 31,519,000 | $34.2M | Add +90.8% |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 34,000,000 | $32.9M | Reduce -5.6% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 35,023,000 | $31.9M | Add +10.5% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 32,592,000 | $31.7M | Add +4.9% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 22,351,000 | $31.6M | Add +35.1% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 24,889,000 | $30.3M | Add +24.6% |
| HEALTH CATALYST INC (HCAT 2.5 04/15/25) | NOTE 2.500% 4/1 · principal | 30,465,000 | $30.3M | Add +0.7% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 31,533,000 | $30.2M | Add +53.9% |
| VAREX IMAGING CORPORATIO (VREX 4 06/01/25) | NOTE 4.000% 6/0 · principal | 30,178,000 | $30.2M | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 29,786,000 | $29.3M | Add +20.0% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 32,308,000 | $28.4M | Add +6.9% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 23,279,000 | $28.1M | Add +35171.2% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 29,969,000 | $27.7M | Add +72.0% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 25,543,000 | $27.4M | No change |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 27,858,000 | $27.1M | Add +200.2% |
| AGG iShares Core U.S. Aggregate | CORE US AGGBD ET · principal | 267,498 | $26.5M | Add +8.9% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 650,692 | $26.4M | Reduce -6.1% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 26,511,000 | $26.2M | Add +60.7% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 29,496,000 | $26.2M | Add +55.5% |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 27,922,000 | $25.8M | New |
| IGSB iShares 1-5Y Inv Grade Corp. | ISHS 1-5YR INVS · principal | 485,499 | $25.4M | Add +4.8% |
| NEOGENOMICS INC (NEO 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 25,000,000 | $24.9M | No change |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 9,969,000 | $24.5M | Reduce -65.8% |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 20,000,000 | $24.4M | Reduce -36.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | TAX EXEMPT BD · principal | 490,569 | $24.3M | Add +6.0% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 25,500,000 | $24.2M | Add +10.9% |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 22,972,000 | $23.9M | No change |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 22,311,000 | $23.3M | Reduce -58.3% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 19,415,000 | $22.9M | Reduce -2.2% |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 22,662,000 | $22.4M | Add +12.7% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 20,753,000 | $22.1M | Add +15272.6% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 23,050,000 | $21.4M | Reduce -11.5% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 20,239,000 | $21.4M | Add +27.0% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 22,801,000 | $21.3M | Reduce -70.2% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 15,003,000 | $21.2M | New |
| BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) | NOTE 8.500% 8/1 · principal | 15,622,000 | $20.7M | Add +116.6% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 21,732,000 | $20.7M | Reduce -45.2% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 7,680,000 | $20.6M | Add +32.2% |
| XERIS BIOPHARMA HOLDINGS (XERS 5 07/15/25) | NOTE 5.000% 7/1 · principal | 11,500,000 | $20.6M | No change |
| EVOLENT HEALTH INC (EVH 1.5 10/15/25) | NOTE 1.500%10/1 · principal | 20,824,000 | $20.5M | Add +0.7% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 21,672,000 | $20.3M | Reduce -72.6% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 20,947,000 | $19.6M | New |
| MITEK SYSTEMS INC (MITK 0.75 02/01/26) | NOTE 0.750% 2/0 · principal | 19,609,000 | $19.2M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 15,780,000 | $18.1M | Reduce -7.5% |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | 19,000,000 | $18.0M | Add +90.0% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 17,000,000 | $16.8M | Add +112.5% |
| Q2 HOLDINGS INC (QTWO 0.125 11/15/25) | NOTE 0.125%11/1 · principal | 17,131,000 | $16.8M | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 18,582,000 | $16.6M | Add +84.3% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 17,829,000 | $16.5M | Add +100.2% |
| COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) | NOTE 1.500% 4/1 · principal | 16,743,000 | $16.5M | No change |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 9,292,000 | $16.2M | Add +44147.6% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 15,376,000 | $16.0M | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 16,225,000 | $15.9M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 15,000,000 | $15.2M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 14,476,000 | $14.7M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 13,752,000 | $14.5M | New |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 15,170,000 | $14.4M | Reduce -10.7% |
| MESA LABORATORIES INC (MLAB 1.375 08/15/25) | NOTE 1.375% 8/1 · principal | 14,159,000 | $13.8M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 11,973,000 | $13.7M | Reduce -44.8% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 10,893,000 | $13.5M | New |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 17,942,000 | $13.1M | Reduce -48.4% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 13,500,000 | $12.5M | Add +12.5% |
| MBB iShares MBS ETF | MBS ETF · principal | 131,243 | $12.3M | Add +7.2% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 10,864,000 | $11.7M | Reduce -67.6% |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 41,008,000 | $11.3M | No change |
| VGSH Vanguard Short-Term Treasury | SHORT TERM TREAS · principal | 185,352 | $10.9M | Add +4.1% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 11,216,000 | $10.6M | Add +130.5% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 8,880,000 | $10.4M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 11,682,000 | $10.3M | Add +228.8% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 12,000,000 | $10.2M | Add +300.0% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 10,020,000 | $10.0M | Reduce -8.6% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 8,352,000 | $9.8M | Add +1015.1% |
| TRAVERE THERAPEUTICS INC (TVTX 2.5 09/15/25) | NOTE 2.500% 9/1 · principal | 9,460,000 | $9.3M | Add +13.5% |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | 87,434 | $9.2M | Reduce -8.3% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 10,382,000 | $9.2M | Add +92.9% |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 · principal | 11,000,000 | $8.6M | Add +120.0% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 8,965,000 | $8.5M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 8,858,000 | $8.5M | Add +621.9% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 10,050,000 | $8.2M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 9,330,000 | $8.1M | No change |
| VEECO INSTRUMENTS INC (VECO 3.75 06/01/27) | NOTE 3.750% 6/0 · principal | 5,282,000 | $7.9M | No change |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 7,980,000 | $7.9M | Add +130.2% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 7,851,000 | $7.9M | New |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 7,588,000 | $7.6M | Add +101.3% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 7,670,000 | $7.6M | New |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 7,865,000 | $7.6M | Add +206.3% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 7,478,000 | $7.3M | New |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 6,742,000 | $7.0M | Add +4750.4% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 6,565,000 | $7.0M | New |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 6,671,000 | $6.8M | Reduce -80.8% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 7,393,000 | $6.7M | New |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 6,702,000 | $6.6M | Reduce -82.7% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 184,636 | $6.6M | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 6,909,000 | $6.5M | No change |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 6,706,000 | $6.2M | Add +129.6% |
| INOTIV INC (NOTV 3.25 10/15/27) | NOTE 3.250%10/1 · principal | 18,215,000 | $6.1M | Add +23.8% |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 4,564,000 | $6.1M | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 7,021,000 | $5.9M | New |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 22,770,000 | $5.9M | No change |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 5,808,000 | $5.8M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 6,375,000 | $5.7M | Reduce -42.1% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 5,705,000 | $5.6M | Reduce -39.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 4,503 | $5.6M | Reduce -4.7% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 5,615,000 | $5.5M | Reduce -89.6% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 6,740,000 | $5.4M | Reduce -1.7% |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 4,800,000 | $5.3M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 4,960,000 | $5.3M | No change |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 1,521,000 | $5.2M | Reduce -87.0% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 4,643,000 | $5.2M | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 6,091,000 | $5.2M | Add +47.5% |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 3,871,000 | $5.1M | Add +5.0% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 5,519,000 | $5.0M | No change |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 5,500,000 | $4.9M | Add +57.1% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 5,000,000 | $4.8M | New |
| IEF iShares 7-10 Year Treasury B | 7-10 YR TRSY BD · principal | 49,286 | $4.7M | Add +10.7% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 6,366,000 | $4.7M | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 4,689,000 | $4.5M | New |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 4,643,000 | $4.4M | New |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 2,500,000 | $4.1M | Reduce -28.6% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 4,250,000 | $4.1M | New |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 2,730,000 | $4.0M | No change |
| VGLT Vanguard Long-Term Treasury | LONG TERM TREAS · principal | 68,264 | $3.9M | Add +17.1% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 4,188,000 | $3.9M | Add +2127.7% |
| FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) | NOTE 5.500% 2/0 · principal | 3,729,000 | $3.8M | New |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 4,876,000 | $3.8M | Add +75.1% |
| VCSH Vanguard S/T Corp. Bond ETF | SHRT TRM CORP BD · principal | 46,720 | $3.7M | Reduce -21.0% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 3,803,000 | $3.6M | Reduce -88.6% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 3,323,000 | $3.6M | Add +0.0% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 3,927,000 | $3.5M | New |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 3,730,000 | $3.4M | No change |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 3,500,000 | $3.3M | New |
| BSV Vanguard Short-Term Bond ETF | SHORT TRM BOND · principal | 39,638 | $3.1M | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 3,000,000 | $3.1M | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 2,914,000 | $3.1M | New |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | 2,927,000 | $3.1M | No change |
| SUB iShares Short-Term National | SHRT NAT MUN ETF · principal | 26,786 | $2.8M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 2,242,000 | $2.6M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 2,600,000 | $2.5M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 2,288,000 | $2.5M | Reduce -70.3% |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 1,177,000 | $2.4M | New |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 2,413,000 | $2.3M | No change |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 3,082,000 | $2.2M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | IBOXX INV CP ETF · principal | 20,156 | $2.2M | Reduce -0.0% |
Largest 200 of 250 shown.
Lines left out (2) · $2K — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 | 0 | $1K |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 | 0 | $808 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $65.1B.
Portfolio Sells Q4 2024 → Q1 2025
| AMZN Amazon.com Inc. | Reduce -18.2% | 3.85% | −1.27 |
| NSC Norfolk Southern Corp. | Reduce -30.1% | 1.23% | −0.41 |
| AMD Advanced Micro Devices | Reduce -54.7% | 0.28% | −0.41 |
| HON Honeywell International Inc. | Reduce -88.3% | 0.05% | −0.39 |
| UNH Unitedhealth Group Inc. | Reduce -32.4% | 1.11% | −0.39 |
| ACN Accenture PLC Class A | Reduce -22.5% | 1.03% | −0.38 |
| MSFT Microsoft Corp. | Reduce -1.7% | 4.93% | −0.38 |
| ICLR Icon PLC | Reduce -45.0% | 0.30% | −0.31 |
| IQV Iqvia Holdings Inc. | Reduce -32.9% | 0.52% | −0.30 |
| CVS CVS Health Corp. | Reduce -92.6% | 0.04% | −0.27 |
| PLD Prologis Inc. | Reduce -34.3% | 0.65% | −0.23 |
| MDT Medtronic PLC | Reduce -34.0% | 0.70% | −0.19 |
| INTC Intel Corp. | Reduce -95.1% | 0.01% | −0.19 |
| BAC Bank of America Corp. | Reduce -9.7% | 1.72% | −0.17 |
| APH Amphenol Corp. Class A | Reduce -15.1% | 0.97% | −0.17 |
| BF.B Brown-Forman Corp. Class B | Reduce -90.2% | 0.02% | −0.17 |
| ROK Rockwell Automation Inc. | Reduce -11.2% | 0.94% | −0.17 |
| EEM iShares MSCI Emerging Market | Reduce -82.0% | 0.04% | −0.14 |
| AXP American Express Co. | Reduce -15.4% | 0.61% | −0.14 |
| EFA iShares MSCI Eafe ETF | Reduce -69.7% | 0.07% | −0.12 |
| TRMB Trimble Inc. | Reduce -32.8% | 0.21% | −0.11 |
| AMAT Applied Materials Inc. | Reduce -4.4% | 0.88% | −0.09 |
| TLK Telkom Indonesia Persero-ADR | Reduce -16.1% | 0.34% | −0.09 |
| MCHP Microchip Technology Inc. | Reduce -99.7% | 0.00% | −0.08 |
| COR Cencora Inc. | Reduce -93.1% | 0.01% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -14.7% | 0.49% | −0.08 |
| CTSH Cognizant Tech Solutions-A | Reduce -38.0% | 0.15% | −0.08 |
| ETN Eaton Corp. PLC | Reduce -10.6% | 0.25% | −0.07 |
| AXSM Axsome Therapeutics Inc. | Reduce -94.6% | 0.01% | −0.07 |
| MANH Manhattan Associates Inc. | Reduce -5.9% | 0.11% | −0.06 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -76.7% | 0.02% | −0.06 |
| TER Teradyne Inc. | Reduce -2.4% | 0.12% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -44.9% | 0.08% | −0.05 |
| MMM 3M Co. | Reduce -83.9% | 0.01% | −0.05 |
| DBRG Digitalbridge Group Inc. | Reduce -83.4% | 0.01% | −0.05 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -1.3% | 0.16% | −0.05 |
| CCI Crown Castle Inc. | Reduce -68.6% | 0.03% | −0.05 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -44.9% | 0.05% | −0.05 |
| ONTO Onto Innovation Inc. | Reduce -24.1% | 0.06% | −0.05 |
| ORCL Oracle Corp. | Reduce -50.7% | 0.03% | −0.04 |
| DOCN Digitalocean Holdings Inc. | Reduce -40.0% | 0.07% | −0.04 |
| CAH Cardinal Health Inc. | Reduce -89.4% | 0.01% | −0.04 |
| MAS Masco Corp. | Reduce -73.5% | 0.01% | −0.04 |
| D Dominion Energy Inc. | Reduce -78.5% | 0.01% | −0.04 |
| EA Electronic Arts Inc. | Reduce -27.5% | 0.12% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -63.5% | 0.02% | −0.03 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -9.2% | 0.45% | −0.03 |
| CRH CRH PLC | Reduce -6.9% | 0.47% | −0.03 |
| HSIC Henry Schein Inc. | Reduce -16.9% | 0.21% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -20.0% | 0.21% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| QCOM Qualcomm Inc. | Add +195.0% | 0.71% | +0.48 |
| AAPL Apple Inc. | Add +15.3% | 4.42% | +0.34 |
| TT Trane Technologies PLC | Add +308.9% | 0.46% | +0.34 |
| EFX Equifax Inc. | Add +67.7% | 0.65% | +0.27 |
| LLY Eli Lilly & Co. | Add +15.0% | 1.08% | +0.25 |
| AEP American Electric Power | Add +0.8% | 1.19% | +0.25 |
| CRM Salesforce Inc. | Add +97.2% | 0.57% | +0.23 |
| J Jacobs Solutions Inc. | Add +56.8% | 0.67% | +0.22 |
| MRK Merck & Co. Inc. | Add +47.2% | 0.76% | +0.22 |
| DE Deere & Co. | Add +803.4% | 0.23% | +0.21 |
| KO The Coca-Cola Co. | Add +0.8% | 1.08% | +0.20 |
| MDLZ Mondelez International Inc. Class A | Add +23.6% | 0.46% | +0.15 |
| ODFL Old Dominion Freight Line | Add +40.4% | 0.48% | +0.14 |
| AME Ametek Inc. | Add +36.9% | 0.48% | +0.13 |
| HRB H&R Block Inc. | Add +44.3% | 0.34% | +0.13 |
| CSX CSX Corp. | Add +15.6% | 1.21% | +0.13 |
| NICE Nice Ltd. - Spon ADR | Add +645.0% | 0.15% | +0.13 |
| FISV Fiserv Inc. | Add +52.0% | 0.28% | +0.12 |
| BAX Baxter International Inc. | Add +74.6% | 0.22% | +0.12 |
| NTES Netease Inc.-ADR | Add +0.4% | 0.62% | +0.12 |
| SMG Scotts Miracle-Gro Co. | New | 0.10% | +0.10 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.2% | 0.43% | +0.10 |
| PG The Procter & Gamble Co. | Add +1.9% | 0.95% | +0.08 |
| PBR Petroleo Brasileiro-Spon ADR | Add +0.6% | 0.53% | +0.08 |
| PANW Palo Alto Networks Inc. | Add +446.6% | 0.10% | +0.08 |
| SBUX Starbucks Corp. | Add +15.5% | 0.33% | +0.08 |
| META Meta Platforms Inc. Class A | Add +23.9% | 0.32% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +4.4% | 1.30% | +0.07 |
| TX Ternium SA-Sponsored ADR | Add +18.1% | 0.27% | +0.07 |
| VALE Vale SA-SP ADR | Add +4.6% | 0.32% | +0.06 |
| HDB HDFC Bank Ltd.-ADR | Add +3.2% | 0.50% | +0.06 |
| UL Unilever PLC | Add +3.3% | 0.45% | +0.06 |
| PAC Grupo Aeroportuario Pac-ADR | Add +16.6% | 0.24% | +0.06 |
| HQY Healthequity Inc. | New | 0.06% | +0.06 |
| NVMI Nova Ltd. | Add +449.4% | 0.07% | +0.05 |
| SIMO Silicon Motion Technol-ADR | Add +1701.4% | 0.05% | +0.05 |
| CBRE CBRE Group Inc. Class A | Add +3.7% | 0.57% | +0.05 |
| AMX America Movil Sab DE CV | Add +9.6% | 0.37% | +0.05 |
| ASML ASML Holding NV-NY Reg SHS | Add +31.7% | 0.19% | +0.05 |
| CDNS Cadence Design SYS Inc. | Add +31.2% | 0.31% | +0.05 |
| DIS The Walt Disney Co. | Add +398.0% | 0.06% | +0.05 |
| JNJ Johnson & Johnson | Add +7.9% | 0.19% | +0.05 |
| ASA ASA Gold and Precious Metals | Add +1.1% | 0.12% | +0.05 |
| AZN Astrazeneca PLC-Spons ADR | Add +22.9% | 0.14% | +0.04 |
| SLB SLB Ltd. | Add +3.6% | 0.26% | +0.04 |
| HCA HCA Healthcare Inc. | Add +27.9% | 0.12% | +0.04 |
| AMP Ameriprise Financial Inc. | Add +325.1% | 0.06% | +0.04 |
| NDSN Nordson Corp. | Add +5.6% | 0.56% | +0.04 |
| AMT American Tower Corp. | Add +175.6% | 0.06% | +0.04 |
| COST Costco Wholesale Corp. | Add +67.0% | 0.08% | +0.04 |
Notes & Other Activity Q4 2024 → Q1 2025
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +4.9% | 124,765,000 | $152.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Add +100.1% | 126,936,000 | $132.1M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 134,783,000 | $127.6M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Add +0.1% | 110,362,000 | $123.0M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +28.4% | 75,351,000 | $111.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Reduce -32.5% | 104,569,000 | $104.4M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +25.8% | 94,868,000 | $98.5M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +83.1% | 82,473,000 | $94.8M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 79,982,000 | $92.5M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Reduce -28.8% | 92,696,000 | $90.2M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +63.5% | 88,599,000 | $87.0M |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -27.0% | 41,223,000 | $83.1M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Add +21.4% | 92,587,000 | $81.5M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -1.1% | 89,988,000 | $77.8M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +17.1% | 56,644,000 | $75.6M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Sold out | 55,396,000 | $75.6Mbefore exit |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +29.9% | 74,643,000 | $75.1M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Add +4.5% | 58,613,000 | $74.4M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -1.1% | 69,777,000 | $73.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +53.0% | 68,981,000 | $67.5M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | New | 76,093,000 | $65.2M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +96.4% | 49,969,000 | $64.4M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Add +13.8% | 66,321,000 | $63.7M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +44.3% | 63,318,000 | $63.6M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Add +179.2% | 62,749,000 | $61.2M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Reduce -10.4% | 54,517,000 | $61.0M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -9.2% | 44,335,000 | $56.8M |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | Sold out | 55,713,000 | $55.4Mbefore exit |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Add +340.1% | 62,115,000 | $55.2M |
| DYNAVAX TECHNOLOGIES (DVAX 2.5 05/15/26) | NOTE 2.500% 5/1 · principal | Sold out | 42,000,000 | $55.1Mbefore exit |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +138.7% | 55,384,000 | $53.2M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Reduce -7.6% | 44,423,000 | $51.3M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Sold out | 50,623,000 | $50.4Mbefore exit |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -32.8% | 39,177,000 | $47.9M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | New | 39,737,000 | $47.5M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Add +54.9% | 41,933,000 | $47.1M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -12.6% | 38,727,000 | $46.7M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +1977.7% | 47,786,000 | $45.6M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +6.8% | 47,970,000 | $44.9M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +7.3% | 44,606,000 | $44.0M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | Reduce -3.3% | 44,241,000 | $43.5M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -3.7% | 41,466,000 | $42.5M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +38.2% | 42,451,000 | $42.5M |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Reduce -29.0% | 32,251,000 | $42.2M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +446.8% | 43,051,000 | $42.1M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Reduce -2.5% | 37,520,000 | $41.7M |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Reduce -11.7% | 40,146,000 | $41.2M |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -2.6% | 34,414,000 | $40.9M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Reduce -34.8% | 43,268,000 | $40.7M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Add +81.6% | 29,965,000 | $39.8M |
Showing the first 50 of 221.
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 | 1,726 | $66.0B | NVDA, AAPL, MSFT, AMZN, EXC |
| Q1 2026 | 1,661 | $60.7B | AAPL, MSFT, NVDA, AMZN, AMT |
| Q4 2025 | 1,643 | $58.9B | MSFT, AAPL, AMZN, NVDA, GOOGL |
| Q3 2025 | 1,612 | $74.1B | MSFT, AAPL, AMZN, GOOGL, NVDA |
| Q2 2025 | 2,033 | $65.5B | MSFT, AMZN, AAPL, GOOGL, V |
| Q1 2025 | 2,078 | $59.6B | MSFT, AAPL, AMZN, V, GOOGL |
| Q4 2024 | 2,154 | $63.2B | MSFT, AMZN, AAPL, GOOGL, V |
| Q3 2024 | 2,109 | $69.6B | MSFT, AMZN, AAPL, GOOGL, ICE |
| Q2 2024 | 2,068 | $73.9B | MSFT, AMZN, GOOGL, AAPL, V |
| Q1 2024Amended | 1,850 | $76.0B | MSFT, AMZN, GOOGL, V, AAPL |