Lazard Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Lazard Asset Management LLC reported 2,033 stock positions worth $65.5 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Amazon.com (AMZN, 3.8%) and Apple (AAPL, 3.7%). Compared with Q1 2025, it opened 253 new positions, sold out of 298, added to 940 and reduced 725. The biggest buy was Crown Castle (CCI, shares +3052%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001207017
- Portfolio Value
- $65.5B (Q2 2025)
- SEC Filing
- 0001207017-25-000063 ↗ filed Aug 14, 2025
Holdings Value
Holdings 2,033 stocks · $65.5B
| MSFT Microsoft Corp. | 5.78% | 7,614,015 | $3.8B | Reduce -2.8% |
| AMZN Amazon.com Inc. | 3.84% | 11,452,354 | $2.5B | Reduce -5.0% |
| AAPL Apple Inc. | 3.70% | 11,805,502 | $2.4B | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 2.19% | 8,151,497 | $1.4B | Reduce -3.2% |
| V Visa Inc. Class A | 1.95% | 3,605,699 | $1.3B | Reduce -17.5% |
| ICE Intercontinental Exchange Inc. | 1.86% | 6,632,111 | $1.2B | Reduce -6.1% |
| AVGO Broadcom Inc. | 1.82% | 4,324,215 | $1.2B | Reduce -0.1% |
| CSX CSX Corp. | 1.72% | 34,492,262 | $1.1B | Add +41.3% |
| NVDA Nvidia Corp. | 1.70% | 7,068,385 | $1.1B | Add +26.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.56% | 4,518,466 | $1.0B | Add +1.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.42% | 19,641,855 | $929.5M | Reduce -19.9% |
| PG The Procter & Gamble Co. | 1.34% | 5,504,749 | $877.0M | Add +66.3% |
| NSC Norfolk Southern Corp. | 1.29% | 3,289,431 | $842.0M | Add +6.5% |
| LLY Eli Lilly & Co. | 1.21% | 1,017,898 | $793.5M | Add +30.5% |
| EXC Exelon Corp. | 1.12% | 16,891,609 | $733.4M | Reduce -24.1% |
| BSX Boston Scientific Corp. | 1.09% | 6,632,760 | $712.4M | Add +6.0% |
| AMAT Applied Materials Inc. | 1.04% | 3,717,354 | $680.5M | Add +2.9% |
| XOM Exxon Mobil Corp. | 1.03% | 6,247,877 | $673.5M | Reduce -2.0% |
| ADI Analog Devices Inc. | 1.02% | 2,807,854 | $668.3M | Reduce -4.0% |
| ROK Rockwell Automation Inc. | 1.01% | 1,992,020 | $661.7M | Reduce -8.6% |
| DHR Danaher Corp. | 1.00% | 3,315,989 | $655.0M | Add +10.4% |
| AON Aon PLC Class A | 0.99% | 1,822,886 | $650.3M | Reduce -18.7% |
| TMO Thermo Fisher Scientific Inc. | 0.99% | 1,600,614 | $649.0M | Add +2.8% |
| APH Amphenol Corp. Class A | 0.98% | 6,526,129 | $644.5M | Reduce -26.1% |
| SCHW Schwab (charles) Corp. | 0.96% | 6,889,739 | $628.6M | Reduce -7.2% |
| ACN Accenture PLC Class A | 0.95% | 2,088,086 | $624.1M | Add +6.3% |
| KO The Coca-Cola Co. | 0.92% | 8,512,531 | $602.3M | Reduce -5.0% |
| WM Waste Management Inc. | 0.88% | 2,516,030 | $575.7M | Reduce -17.3% |
| BX Blackstone Inc. | 0.87% | 3,803,344 | $568.9M | Add +31.9% |
| MRSH Marsh & McLennan Cos | 0.87% | 2,593,291 | $567.0M | Add +10.9% |
| CCI Crown Castle Inc. | 0.86% | 5,472,810 | $562.2M | Add +3051.5% |
| MRVL Marvell Technology Inc. | 0.85% | 7,156,057 | $553.9M | Reduce -2.2% |
| MRK Merck & Co. Inc. | 0.80% | 6,609,067 | $523.2M | Add +31.7% |
| QCOM Qualcomm Inc. | 0.79% | 3,262,904 | $519.6M | Add +18.5% |
| MCD McDonald's Corp. | 0.78% | 1,749,348 | $511.1M | Add +3.0% |
| TT Trane Technologies PLC | 0.76% | 1,135,906 | $496.9M | Add +40.2% |
| CB Chubb Ltd. | 0.75% | 1,694,857 | $491.0M | Add +13.6% |
| EFX Equifax Inc. | 0.68% | 1,726,990 | $447.9M | Add +8.8% |
| HD Home Depot Inc. | 0.68% | 1,220,640 | $447.5M | Add +16.1% |
| MDT Medtronic PLC | 0.67% | 5,044,193 | $439.7M | Add +8.1% |
| HDB HDFC Bank Ltd.-ADR | 0.65% | 5,523,962 | $423.5M | Add +22.2% |
| ZTS Zoetis Inc. | 0.64% | 2,701,905 | $421.4M | Add +3.6% |
| J Jacobs Solutions Inc. | 0.64% | 3,181,227 | $418.2M | Reduce -3.8% |
| GS Goldman Sachs Group Inc. | 0.62% | 575,614 | $407.4M | Reduce -24.6% |
| BA The Boeing Co. | 0.61% | 1,913,404 | $400.9M | Reduce -8.8% |
| CBRE CBRE Group Inc. Class A | 0.59% | 2,747,959 | $385.0M | Add +5.9% |
| GOOG Alphabet Inc. Class C | 0.58% | 2,148,501 | $381.1M | Add +8.5% |
| AXP American Express Co. | 0.55% | 1,137,647 | $362.9M | Reduce -15.8% |
| CRM Salesforce Inc. | 0.55% | 1,316,727 | $359.1M | Add +4.3% |
| AME Ametek Inc. | 0.54% | 1,950,558 | $353.0M | Add +17.3% |
| AEP American Electric Power | 0.51% | 3,219,058 | $334.0M | Reduce -50.3% |
| NDSN Nordson Corp. | 0.51% | 1,557,723 | $333.9M | Reduce -5.5% |
| META Meta Platforms Inc. Class A | 0.50% | 440,470 | $325.1M | Add +31.4% |
| COP Conocophillips | 0.50% | 3,619,564 | $324.8M | Reduce -20.7% |
| SPGI S&P Global Inc. | 0.49% | 609,420 | $321.3M | Add +14.9% |
| ISRG Intuitive Surgical Inc. | 0.49% | 589,109 | $320.1M | Add +0.4% |
| ODFL Old Dominion Freight Line | 0.48% | 1,933,480 | $313.8M | Add +11.6% |
| MDLZ Mondelez International Inc. Class A | 0.46% | 4,498,553 | $303.4M | Add +11.8% |
| IQV Iqvia Holdings Inc. | 0.45% | 1,866,537 | $294.1M | Add +6.1% |
| CDNS Cadence Design SYS Inc. | 0.45% | 954,414 | $294.1M | Add +29.7% |
| AMX America Movil Sab DE CV | 0.45% | 16,272,887 | $291.9M | Add +5.4% |
| ADBE Adobe Inc. | 0.44% | 749,138 | $289.8M | Reduce -28.6% |
| CRH CRH PLC | 0.43% | 3,062,396 | $281.1M | Reduce -3.6% |
| UNH Unitedhealth Group Inc. | 0.43% | 895,943 | $279.5M | Reduce -28.9% |
| AVY Avery Dennison Corp. | 0.41% | 1,536,889 | $269.7M | Reduce -16.7% |
| PTC PTC Inc. | 0.41% | 1,547,622 | $266.7M | Add +31.4% |
| LH Labcorp Holdings Inc. | 0.40% | 989,433 | $259.7M | Add +224.1% |
| ADSK Autodesk Inc. | 0.39% | 830,938 | $257.2M | Add +36.2% |
| TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA | 0.39% | 14,916,907 | $252.7M | Add +8.3% |
| INTU Intuit Inc. | 0.38% | 315,628 | $248.6M | Add +151.8% |
| WIX Wix.com Ltd. | 0.37% | 1,542,153 | $244.4M | Add +27.4% |
| PBR Petroleo Brasileiro-Spon ADR | 0.37% | 19,139,752 | $239.4M | Reduce -12.5% |
| MU Micron Technology Inc. | 0.36% | 1,929,673 | $237.8M | Add +10.8% |
| FISV Fiserv Inc. | 0.36% | 1,370,640 | $236.3M | Add +81.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.35% | 6,788,978 | $229.5M | Add +80.7% |
| AMD Advanced Micro Devices | 0.35% | 1,606,202 | $227.9M | Reduce -1.8% |
| UL Unilever PLC | 0.34% | 3,662,080 | $224.0M | Reduce -19.0% |
| BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG | 0.33% | 13,710,117 | $216.8M | Add +18.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.33% | 480,310 | $213.8M | Reduce -9.8% |
| NICE Nice Ltd. - Spon ADR | 0.32% | 1,226,920 | $207.2M | Add +116.1% |
| GE General Electric filed as GE AEROSPACE | 0.31% | 796,422 | $205.0M | Add +4253.7% |
| OMC Omnicom Group | 0.31% | 2,846,395 | $204.8M | Add +19.8% |
| ETN Eaton Corp. PLC | 0.31% | 565,837 | $202.0M | Add +1.6% |
| CL Colgate-Palmolive Co. | 0.30% | 2,187,957 | $198.9M | Add +62.8% |
| IVV iShares Core S&P 500 ETF | 0.30% | 318,798 | $197.9M | Reduce -2.3% |
| VALE Vale SA-SP ADR | 0.30% | 20,080,222 | $195.0M | Add +5.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.29% | 239,471 | $191.9M | Add +38.7% |
| PAC Grupo Aeroportuario Pac-ADR | 0.29% | 835,369 | $191.8M | Add +7.7% |
| ASX Ase Technology Holding -ADR | 0.29% | 18,161,928 | $187.6M | Reduce -0.4% |
| CX Cemex Sab-Spons ADR Part Cer | 0.28% | 26,183,191 | $181.4M | Reduce -32.4% |
| SBUX Starbucks Corp. | 0.27% | 1,909,300 | $174.9M | Reduce -5.9% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.27% | 3,186,469 | $174.9M | Reduce -14.6% |
| ES Eversource Energy | 0.26% | 2,692,707 | $171.3M | Add +43905.7% |
| RELX Relx PLC - Spon ADR | 0.25% | 3,002,266 | $163.1M | Reduce -18.7% |
| TX Ternium SA-Sponsored ADR | 0.25% | 5,358,772 | $161.3M | Add +4.6% |
| XRAY Dentsply Sirona Inc. | 0.24% | 10,107,657 | $160.5M | Add +8.0% |
| MA Mastercard Inc. Class A | 0.24% | 283,964 | $159.6M | Add +3.2% |
| PYPL PayPal Holdings Inc. | 0.24% | 2,106,215 | $156.5M | Add +1066.0% |
| SNPS Synopsys Inc. | 0.24% | 303,046 | $155.4M | Add +21.0% |
| DE Deere & Co. | 0.24% | 303,995 | $154.6M | Add +4.9% |
Other holdings (251): bonds, preferreds, convertibles and warrants · $7.2B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 159,990,000 | $204.6M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 170,214,000 | $200.8M | Add +34.1% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 174,135,000 | $182.1M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 114,081,000 | $163.3M | Reduce -8.6% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 85,582,000 | $153.8M | Add +71.3% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 82,516,000 | $147.0M | Add +9.5% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 113,002,000 | $125.2M | Add +2.4% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 136,854,000 | $122.9M | Add +1.5% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 97,625,000 | $115.7M | Add +30.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 113,211,000 | $112.1M | Add +27.8% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 86,345,000 | $109.4M | Add +4.7% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 75,442,000 | $106.5M | Add +33.2% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 104,750,000 | $106.1M | Add +10.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 103,570,000 | $102.2M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 108,792,000 | $101.0M | Add +20.9% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 101,901,000 | $100.4M | Add +9.9% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 83,021,000 | $96.0M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 62,371,000 | $94.6M | Add +57.0% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 82,082,000 | $93.5M | Add +2.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 97,169,000 | $92.5M | Add +103.3% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 92,759,000 | $92.3M | Add +32.9% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 82,120,000 | $87.5M | Add +4.3% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 70,529,000 | $87.0M | Add +80.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 93,192,000 | $85.2M | Add +0.7% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 70,131,000 | $78.2M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 73,354,000 | $74.4M | Add +15.8% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 69,753,000 | $71.1M | Add +1.1% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 54,618,000 | $71.1M | Add +22.9% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 53,875,000 | $70.6M | New |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 72,212,000 | $69.9M | Add +8.9% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 79,543,000 | $69.7M | Add +4.5% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 67,477,000 | $68.1M | Add +62.7% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 65,401,000 | $64.4M | Add +4.2% |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 69,660,000 | $63.3M | Add +12.2% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 34,966,000 | $63.0M | Reduce -9.7% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 50,142,000 | $62.6M | Add +217.8% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 61,076,000 | $61.0M | Add +74.8% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 61,266,000 | $59.2M | Add +10.6% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 50,150,000 | $58.0M | Add +209.1% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 57,982,000 | $57.4M | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 46,155,000 | $55.4M | Add +25.2% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 45,540,000 | $52.6M | Add +412.8% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 53,583,000 | $52.1M | Add +24.5% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 53,275,000 | $51.1M | Add +7003.3% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 33,423,000 | $48.2M | Add +15.6% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 47,146,000 | $46.6M | Add +17.4% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 46,313,000 | $46.0M | Add +74.7% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 43,020,000 | $45.8M | Add +14.7% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 37,734,000 | $45.0M | Add +13.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 47,210,000 | $44.7M | Reduce -1.6% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 30,147,000 | $44.7M | Reduce -6.5% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 46,735,000 | $44.4M | Add +8.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 46,385,000 | $44.3M | Add +9.8% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 34,664,000 | $44.1M | Add +55.1% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 41,831,000 | $44.1M | Add +5.9% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 34,790,000 | $43.6M | Add +1.1% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 42,534,000 | $42.6M | Add +150.2% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 46,983,000 | $42.3M | Add +59.3% |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 44,718,000 | $42.1M | Add +60.1% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 39,269,000 | $40.4M | Add +53.7% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 35,326,000 | $40.3M | Reduce -20.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 38,028,000 | $40.3M | Add +20.6% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 40,994,000 | $39.9M | Reduce -8.1% |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 36,500,000 | $39.3M | Add +5.8% |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 20,524,000 | $37.8M | New |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 25,000,000 | $34.6M | New |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 36,023,000 | $34.0M | Add +2.9% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 31,928,000 | $33.9M | Add +57.8% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 33,591,000 | $33.4M | Add +12.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 31,745,000 | $32.9M | Add +78.0% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 29,441,000 | $30.7M | Add +336.7% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 10,311,000 | $30.1M | Add +34.3% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 32,032,000 | $29.6M | Add +6.9% |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 24,411,000 | $29.3M | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 26,409,000 | $29.2M | New |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 21,800,000 | $29.2M | Add +100.1% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 25,102,000 | $29.2M | Add +761.4% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 21,687,000 | $28.9M | Reduce -12.9% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 17,350,000 | $27.9M | Add +59.7% |
| PROS HOLDINGS INC (PRO 2.5 07/01/30) | DEBT 2.500% 7/0 · principal | 25,742,000 | $27.8M | New |
| AGG iShares Core U.S. Aggregate | CORE US AGGBD ET · principal | 278,910 | $27.7M | Add +4.3% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 20,021,000 | $27.1M | New |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 29,035,000 | $27.0M | Add +27.3% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 27,533,000 | $26.7M | Reduce -12.7% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 22,367,000 | $26.6M | Add +240.7% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 28,026,000 | $26.5M | Add +9.9% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 24,773,000 | $26.4M | Add +106.9% |
| Q2 HOLDINGS INC (QTWO 0.125 11/15/25) | NOTE 0.125%11/1 · principal | 26,516,000 | $26.2M | Add +54.8% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 18,438,000 | $26.0M | Reduce -68.5% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 27,027,000 | $25.7M | Add +29.0% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 641,900 | $25.5M | Reduce -1.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | TAX EXEMPT BD · principal | 511,530 | $25.1M | Add +4.3% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 26,550,000 | $24.9M | Add +15.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | ISHS 1-5YR INVS · principal | 468,286 | $24.7M | Reduce -3.5% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 22,878,000 | $24.2M | Reduce -58.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 21,376,000 | $24.2M | New |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 22,472,000 | $23.6M | Reduce -2.2% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 19,829,000 | $23.6M | Add +2.1% |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 23,500,000 | $23.6M | Reduce -30.9% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 24,512,000 | $23.1M | Add +284.5% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 10,743,000 | $23.1M | New |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 12,948,000 | $22.6M | Add +2212.1% |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 22,662,000 | $22.5M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 21,722,000 | $22.1M | Add +183.2% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 14,138,000 | $21.7M | Add +530.6% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 22,696,000 | $21.6M | Add +102.3% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 25,000,000 | $21.5M | Add +108.3% |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 21,121,000 | $21.4M | Reduce -24.2% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 17,659,000 | $21.1M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 19,473,000 | $20.9M | Add +34.5% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 19,603,000 | $20.5M | Add +861.4% |
| MITEK SYSTEMS INC (MITK 0.75 02/01/26) | NOTE 0.750% 2/0 · principal | 20,800,000 | $20.5M | Add +6.1% |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 14,468,000 | $20.4M | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 15,800,000 | $20.3M | Add +2.8% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 17,175,000 | $19.6M | Add +1842.9% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 18,061,000 | $19.3M | Add +2215.5% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 16,779,000 | $18.9M | New |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 19,683,000 | $18.5M | Add +462.4% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 19,492,000 | $18.4M | Add +163.7% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 18,332,000 | $18.2M | Add +221.3% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 14,884,000 | $17.4M | Add +78.2% |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 19,008,000 | $17.3M | Add +227.3% |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | 17,500,000 | $17.2M | New |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 18,582,000 | $16.9M | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 16,841,000 | $16.3M | New |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 16,051,000 | $15.4M | Add +5.8% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 16,182,000 | $15.3M | Add +325.5% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 14,149,000 | $14.8M | Add +2.9% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 11,750,000 | $14.7M | New |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 13,675,000 | $14.6M | New |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 14,824,000 | $14.3M | Add +219.3% |
| MESA LABORATORIES INC (MLAB 1.375 08/15/25) | NOTE 1.375% 8/1 · principal | 14,159,000 | $14.1M | No change |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 15,642,000 | $14.0M | Add +50.7% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 15,000,000 | $14.0M | Add +11.1% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 13,470,000 | $13.9M | Add +101.0% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 11,836,000 | $13.6M | Add +256.2% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 12,534,000 | $12.5M | New |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 12,853,000 | $12.3M | Reduce -60.6% |
| MBB iShares MBS ETF | MBS ETF · principal | 127,524 | $12.0M | Reduce -2.8% |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 · principal | 12,000,000 | $11.8M | Add +9.1% |
| FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) | NOTE 5.500% 2/0 · principal | 9,470,000 | $11.5M | Add +154.0% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 12,049,000 | $11.4M | Reduce -44.4% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 12,629,000 | $11.3M | Add +8.1% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 12,019,000 | $11.2M | Add +117.8% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 12,426,000 | $11.2M | Add +33.2% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 10,000,000 | $11.0M | Add +233.3% |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 8,492,000 | $10.8M | New |
| VGSH Vanguard Short-Term Treasury | SHORT TERM TREAS · principal | 180,782 | $10.6M | Reduce -2.5% |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 9,780,000 | $10.4M | Reduce -51.1% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 10,892,000 | $10.4M | Add +62.4% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 10,120,000 | $10.0M | Add +1.0% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 9,689,000 | $9.4M | Add +106.6% |
| TRAVERE THERAPEUTICS INC (TVTX 2.5 09/15/25) | NOTE 2.500% 9/1 · principal | 9,460,000 | $9.3M | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 10,201,000 | $8.8M | Add +8126.6% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 9,000,000 | $8.8M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 8,965,000 | $8.5M | No change |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | 5,924,000 | $8.3M | Add +102.4% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 7,851,000 | $7.8M | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 7,865,000 | $7.6M | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 8,181,000 | $7.0M | Reduce -18.6% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 7,402,000 | $6.7M | Reduce -77.1% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 6,909,000 | $6.6M | No change |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | 61,136 | $6.4M | Reduce -30.1% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 6,730,000 | $6.3M | Add +80.4% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 4,977,000 | $6.0M | New |
| PROS HOLDINGS INC (PRO 2.25 09/15/27) | NOTE 2.250% 9/1 · principal | 6,282,000 | $6.0M | Reduce -66.9% |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 5,072,000 | $5.9M | Add +6944.4% |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 4,354,000 | $5.7M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 6,297,000 | $5.7M | Add +725.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 4,503 | $5.5M | No change |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 5,615,000 | $5.4M | No change |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 4,800,000 | $5.4M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 4,960,000 | $5.3M | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 6,366,000 | $5.1M | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 5,152,000 | $5.0M | Add +3502.8% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 5,000,000 | $4.9M | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 5,000,000 | $4.8M | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 5,500,000 | $4.8M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 4,171,000 | $4.7M | Add +82.3% |
| IEF iShares 7-10 Year Treasury B | 7-10 YR TRSY BD · principal | 47,035 | $4.5M | Reduce -4.6% |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 2,730,000 | $4.5M | No change |
| TLT iShares 20+ Year Treasury BD | 20 YR TR BD ETF · principal | 50,729 | $4.5M | Add +596.6% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 2,500,000 | $4.4M | No change |
| INOTIV INC (NOTV 3.25 10/15/27) | NOTE 3.250%10/1 · principal | 18,065,000 | $4.4M | Reduce -0.8% |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 3,287,000 | $4.4M | New |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 39,008,000 | $4.3M | Reduce -4.9% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 3,420,000 | $4.1M | Add +332.9% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 4,188,000 | $3.9M | No change |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 4,876,000 | $3.9M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | SHRT TRM CORP BD · principal | 46,720 | $3.7M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 3,424,000 | $3.7M | Add +96.9% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 2,500,000 | $3.5M | New |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 3,329,000 | $3.3M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 1,177,000 | $3.3M | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 2,725,000 | $3.3M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 99,613 | $3.2M | Reduce -46.0% |
| BSV Vanguard Short-Term Bond ETF | SHORT TRM BOND · principal | 39,638 | $3.1M | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 3,529,000 | $3.1M | Reduce -49.7% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 2,400,000 | $2.6M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 2,600,000 | $2.5M | No change |
Largest 200 of 251 shown.
Lines left out (3) · $3K — 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 |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 | 0 | $1K |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 | 0 | $997 |
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: $72.7B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.5% | 3.70% | −0.73 |
| UNH Unitedhealth Group Inc. | Reduce -28.9% | 0.43% | −0.68 |
| AEP American Electric Power | Reduce -50.3% | 0.51% | −0.68 |
| BABA Alibaba Group Holding-SP ADR | Reduce -70.8% | 0.19% | −0.66 |
| V Visa Inc. Class A | Reduce -17.5% | 1.95% | −0.62 |
| EXC Exelon Corp. | Reduce -24.1% | 1.12% | −0.60 |
| PLD Prologis Inc. | Reduce -84.8% | 0.08% | −0.56 |
| NTES Netease Inc.-ADR | Reduce -89.0% | 0.08% | −0.54 |
| AON Aon PLC Class A | Reduce -18.7% | 0.99% | −0.51 |
| HEI Heico Corp. | Reduce -99.9% | 0.00% | −0.46 |
| JD Jd.com Inc.-ADR | Reduce -90.9% | 0.03% | −0.36 |
| COP Conocophillips | Reduce -20.7% | 0.50% | −0.31 |
| WM Waste Management Inc. | Reduce -17.3% | 0.88% | −0.30 |
| BAC Bank of America Corp. | Reduce -19.9% | 1.42% | −0.30 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -63.2% | 0.21% | −0.25 |
| XOM Exxon Mobil Corp. | Reduce -2.0% | 1.03% | −0.24 |
| ADBE Adobe Inc. | Reduce -28.6% | 0.44% | −0.23 |
| ICE Intercontinental Exchange Inc. | Reduce -6.1% | 1.86% | −0.19 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -12.5% | 0.37% | −0.16 |
| KO The Coca-Cola Co. | Reduce -5.0% | 0.92% | −0.16 |
| ICLR Icon PLC | Reduce -30.5% | 0.16% | −0.14 |
| AVY Avery Dennison Corp. | Reduce -16.7% | 0.41% | −0.14 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -33.8% | 0.23% | −0.13 |
| UL Unilever PLC | Reduce -19.0% | 0.34% | −0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -9.8% | 0.33% | −0.11 |
| HSIC Henry Schein Inc. | Reduce -49.4% | 0.10% | −0.11 |
| SMG Scotts Miracle-Gro Co. | Reduce -100.0% | 0.00% | −0.10 |
| KMB Kimberly-Clark Corp. | Reduce -49.9% | 0.07% | −0.10 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -32.4% | 0.28% | −0.09 |
| GS Goldman Sachs Group Inc. | Reduce -24.6% | 0.62% | −0.08 |
| HRB H&R Block Inc. | Reduce -14.6% | 0.27% | −0.08 |
| WMT Walmart Inc. | Reduce -65.5% | 0.04% | −0.07 |
| SBUX Starbucks Corp. | Reduce -5.9% | 0.27% | −0.07 |
| RELX Relx PLC - Spon ADR | Reduce -18.7% | 0.25% | −0.06 |
| NXPI NXP Semiconductors NV | Reduce -40.0% | 0.10% | −0.06 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -29.4% | 0.08% | −0.06 |
| HCA HCA Healthcare Inc. | Reduce -48.3% | 0.06% | −0.06 |
| AXP American Express Co. | Reduce -15.8% | 0.55% | −0.06 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -56.7% | 0.04% | −0.06 |
| ONTO Onto Innovation Inc. | Reduce -70.0% | 0.01% | −0.05 |
| NDSN Nordson Corp. | Reduce -5.5% | 0.51% | −0.05 |
| MFG Mizuho Financial Group-ADR | Reduce -16.1% | 0.16% | −0.05 |
| BNY Bank of New York Mellon Corp. | Reduce -44.4% | 0.06% | −0.05 |
| SYY Sysco Corp. | Reduce -63.0% | 0.02% | −0.04 |
| MSI Motorola Solutions Inc. | Reduce -11.4% | 0.14% | −0.04 |
| PDD PDD Holdings Inc. | Reduce -10.8% | 0.10% | −0.04 |
| CTSH Cognizant Tech Solutions-A | Reduce -22.2% | 0.11% | −0.04 |
| CRH CRH PLC | Reduce -3.6% | 0.43% | −0.04 |
| INFY Infosys Ltd.-SP ADR | Reduce -17.7% | 0.12% | −0.04 |
| CPAY Corpay Inc. | Reduce -13.4% | 0.11% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| CCI Crown Castle Inc. | Add +3051.5% | 0.86% | +0.83 |
| NVDA Nvidia Corp. | Add +26.4% | 1.70% | +0.69 |
| CSX CSX Corp. | Add +41.3% | 1.72% | +0.51 |
| PG The Procter & Gamble Co. | Add +66.3% | 1.34% | +0.39 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.5% | 1.56% | +0.32 |
| GE General Electric | Add +4253.7% | 0.31% | +0.31 |
| TT Trane Technologies PLC | Add +40.2% | 0.76% | +0.30 |
| LH Labcorp Holdings Inc. | Add +224.1% | 0.40% | +0.28 |
| ES Eversource Energy | Add +43905.7% | 0.26% | +0.26 |
| INTU Intuit Inc. | Add +151.8% | 0.38% | +0.25 |
| PYPL PayPal Holdings Inc. | Add +1066.0% | 0.24% | +0.22 |
| URI United Rentals Inc. | Add +34208.2% | 0.22% | +0.22 |
| BX Blackstone Inc. | Add +31.9% | 0.87% | +0.19 |
| ARCO Arcos Dorados Holdings Inc. Class A | New | 0.18% | +0.18 |
| META Meta Platforms Inc. Class A | Add +31.4% | 0.50% | +0.17 |
| NICE Nice Ltd. - Spon ADR | Add +116.1% | 0.32% | +0.17 |
| AMAT Applied Materials Inc. | Add +2.9% | 1.04% | +0.16 |
| BDX Becton Dickinson and Co. | Add +617.5% | 0.20% | +0.16 |
| HDB HDFC Bank Ltd.-ADR | Add +22.2% | 0.65% | +0.14 |
| CDNS Cadence Design SYS Inc. | Add +29.7% | 0.45% | +0.13 |
| LLY Eli Lilly & Co. | Add +30.5% | 1.21% | +0.13 |
| ADSK Autodesk Inc. | Add +36.2% | 0.39% | +0.12 |
| DIS The Walt Disney Co. | Add +154.1% | 0.17% | +0.11 |
| NDAQ Nasdaq Inc. | Add +12221.5% | 0.11% | +0.11 |
| MU Micron Technology Inc. | Add +10.8% | 0.36% | +0.11 |
| A Agilent Technologies Inc. | Add +639.5% | 0.12% | +0.10 |
| CYBR Cyberark Software Ltd./Israel | Add +175.8% | 0.15% | +0.10 |
| PTC PTC Inc. | Add +31.4% | 0.41% | +0.10 |
| ASML ASML Holding NV-NY Reg SHS | Add +38.7% | 0.29% | +0.10 |
| SAN Banco Santander SA-Spon ADR | Add +2038075.5% | 0.10% | +0.10 |
| CL Colgate-Palmolive Co. | Add +62.8% | 0.30% | +0.09 |
| IPGP Ipg Photonics Corp. | Add +81.3% | 0.20% | +0.09 |
| SLB SLB Ltd. | Add +80.7% | 0.35% | +0.09 |
| NVMI Nova Ltd. | Add +69.2% | 0.15% | +0.09 |
| CSL Carlisle Cos Inc. | Add +464.2% | 0.10% | +0.08 |
| QCOM Qualcomm Inc. | Add +18.5% | 0.79% | +0.08 |
| FISV Fiserv Inc. | Add +81.1% | 0.36% | +0.08 |
| CPRT Copart Inc. | Add +281.4% | 0.12% | +0.08 |
| AMX America Movil Sab DE CV | Add +5.4% | 0.45% | +0.08 |
| GPN Global Payments Inc. | Add +1352.6% | 0.08% | +0.07 |
| ECL Ecolab Inc. | Add +420.1% | 0.09% | +0.07 |
| HUBB Hubbell Inc. | New | 0.07% | +0.07 |
| XYL Xylem Inc. | Add +844.4% | 0.08% | +0.07 |
| COST Costco Wholesale Corp. | Add +87.1% | 0.15% | +0.06 |
| GOOG Alphabet Inc. Class C | Add +8.5% | 0.58% | +0.06 |
| VRSK Verisk Analytics Inc. | Add +101.3% | 0.13% | +0.06 |
| KVUE Kenvue Inc. | Add +95.0% | 0.17% | +0.06 |
| TEKY Lazard Next Gen Tech ETF | New | 0.06% | +0.06 |
| AME Ametek Inc. | Add +17.3% | 0.54% | +0.06 |
| NSC Norfolk Southern Corp. | Add +6.5% | 1.29% | +0.06 |
Notes & Other Activity Q1 2025 → Q2 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 159,990,000 | $204.6M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Add +34.1% | 170,214,000 | $200.8M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 174,135,000 | $182.1M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -8.6% | 114,081,000 | $163.3M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +71.3% | 85,582,000 | $153.8M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +9.5% | 82,516,000 | $147.0M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Add +2.4% | 113,002,000 | $125.2M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +1.5% | 136,854,000 | $122.9M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +30.8% | 97,625,000 | $115.7M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +27.8% | 113,211,000 | $112.1M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +4.7% | 86,345,000 | $109.4M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +33.2% | 75,442,000 | $106.5M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +10.4% | 104,750,000 | $106.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 104,569,000 | $104.4Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 103,570,000 | $102.2M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +20.9% | 108,792,000 | $101.0M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Add +9.9% | 101,901,000 | $100.4M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 83,021,000 | $96.0M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +57.0% | 62,371,000 | $94.6M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Add +2.6% | 82,082,000 | $93.5M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +103.3% | 97,169,000 | $92.5M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +32.9% | 92,759,000 | $92.3M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Add +4.3% | 82,120,000 | $87.5M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +80.0% | 70,529,000 | $87.0M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Add +0.7% | 93,192,000 | $85.2M |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Sold out | 41,223,000 | $83.1Mbefore exit |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 70,131,000 | $78.2M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +15.8% | 73,354,000 | $74.4M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +1.1% | 69,753,000 | $71.1M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +22.9% | 54,618,000 | $71.1M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 53,875,000 | $70.6M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Add +8.9% | 72,212,000 | $69.9M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Add +4.5% | 79,543,000 | $69.7M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +62.7% | 67,477,000 | $68.1M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Add +4.2% | 65,401,000 | $64.4M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Add +12.2% | 69,660,000 | $63.3M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -9.7% | 34,966,000 | $63.0M |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Add +217.8% | 50,142,000 | $62.6M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +74.8% | 61,076,000 | $61.0M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +10.6% | 61,266,000 | $59.2M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Add +209.1% | 50,150,000 | $58.0M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 57,982,000 | $57.4M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Add +25.2% | 46,155,000 | $55.4M |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | Add +412.8% | 45,540,000 | $52.6M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +24.5% | 53,583,000 | $52.1M |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | Add +7003.3% | 53,275,000 | $51.1M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Add +15.6% | 33,423,000 | $48.2M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Sold out | 41,933,000 | $47.1Mbefore exit |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Add +17.4% | 47,146,000 | $46.6M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Add +74.7% | 46,313,000 | $46.0M |
Showing the first 50 of 234.
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 |