Lombard Odier Asset Management (Europe) Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Lombard Odier Asset Management (Europe) Ltd reported 156 stock positions worth $1.0 billion. Its top holding was Microsoft (MSFT) at 5.2% of the portfolio, followed by Silence Therapeutics PLC-ADR (SLN, 4.8%) and Nvidia (NVDA, 3.9%). Compared with Q4 2023, it opened 16 new positions, sold out of 22, added to 45 and reduced 88. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale an exit from S&P Global (SPGI).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001535784
- Portfolio Value
- $1.0B (Q1 2024)
- SEC Filing
- 0000908834-24-000131 ↗ filed May 15, 2024
Holdings Value
Holdings 156 stocks · $1.0B
| MSFT Microsoft Corp. | 5.16% | 124,508 | $52.4M | New |
| SLN Silence Therapeutics PLC-ADR | 4.76% | 2,238,039 | $48.3M | Reduce -38.0% |
| NVDA Nvidia Corp. | 3.93% | 44,137 | $39.9M | Reduce -30.2% |
| AMZN Amazon.com Inc. | 3.71% | 209,052 | $37.7M | Add +28.3% |
| GOOGL Alphabet Inc. Class A | 2.87% | 193,208 | $29.2M | Add +34.8% |
| RSG Republic Services Inc. | 2.35% | 124,838 | $23.9M | Add +6.0% |
| NEE Nextera Energy Inc. | 2.30% | 365,719 | $23.4M | Reduce -8.6% |
| AAPL Apple Inc. | 2.24% | 132,892 | $22.8M | Reduce -14.9% |
| URI United Rentals Inc. | 2.18% | 30,754 | $22.2M | Reduce -31.9% |
| CDNS Cadence Design SYS Inc. | 2.05% | 66,940 | $20.8M | Reduce -19.2% |
| CP Canadian Pacific Kansas City | 1.98% | 227,669 | $20.1M | Add +6.7% |
| UNH Unitedhealth Group Inc. | 1.93% | 39,597 | $19.6M | Add +11.6% |
| TMO Thermo Fisher Scientific Inc. | 1.69% | 29,517 | $17.2M | Reduce -22.6% |
| CCK Crown Holdings Inc. | 1.63% | 209,003 | $16.6M | Reduce -17.0% |
| V Visa Inc. Class A | 1.60% | 58,149 | $16.2M | Add +7.8% |
| MRK Merck & Co. Inc. | 1.47% | 112,876 | $14.9M | Add +115.7% |
| MSCI MSCI Inc. | 1.45% | 26,214 | $14.7M | New |
| GPN Global Payments Inc. | 1.41% | 106,999 | $14.3M | Add +77.2% |
| META Meta Platforms Inc. Class A | 1.29% | 27,024 | $13.1M | Reduce -6.3% |
| ADSK Autodesk Inc. | 1.27% | 49,320 | $12.8M | Reduce -34.1% |
| PAAS Pan American Silver Corp. | 1.16% | 781,440 | $11.8M | Add +101.0% |
| PTC PTC Inc. | 1.16% | 62,137 | $11.7M | Reduce -26.3% |
| BSY Bentley Systems Inc. Class B | 1.15% | 223,362 | $11.7M | Reduce -17.1% |
| ENPH Enphase Energy Inc. | 1.09% | 91,370 | $11.1M | Add +71.3% |
| ACM Aecom | 1.06% | 109,540 | $10.7M | Add +60.9% |
| RMD Resmed Inc. | 1.03% | 52,987 | $10.5M | New |
| NVT Nvent Electric PLC | 1.03% | 138,773 | $10.5M | Reduce -21.5% |
| GOOG Alphabet Inc. Class C | 1.03% | 68,405 | $10.4M | New |
| TSLA Tesla Inc. | 0.99% | 57,199 | $10.1M | Reduce -24.9% |
| ON On Semiconductor | 0.97% | 133,329 | $9.8M | Reduce -41.0% |
| CMS CMS Energy Corp. | 0.96% | 161,060 | $9.7M | Reduce -3.6% |
| MA Mastercard Inc. Class A | 0.92% | 19,360 | $9.3M | Reduce -4.5% |
| ALB Albemarle Corp. | 0.91% | 70,037 | $9.2M | Reduce -28.7% |
| STN Stantec Inc. | 0.91% | 112,094 | $9.2M | Reduce -14.2% |
| WPM Wheaton Precious Metals Corp. | 0.90% | 193,075 | $9.1M | New |
| PEP Pepsico Inc. | 0.88% | 51,010 | $8.9M | Reduce -7.0% |
| BIDU Baidu Inc. - Spon ADR | 0.84% | 81,350 | $8.6M | Reduce -31.6% |
| CTVA Corteva Inc. | 0.84% | 147,828 | $8.5M | Reduce -29.1% |
| ACN Accenture PLC Class A | 0.80% | 23,322 | $8.1M | Reduce -12.5% |
| STLD Steel Dynamics Inc. | 0.79% | 54,157 | $8.0M | New |
| JNJ Johnson & Johnson | 0.78% | 50,344 | $8.0M | Reduce -17.0% |
| NDAQ Nasdaq Inc. | 0.78% | 125,014 | $7.9M | Add +2.8% |
| GPK Graphic Packaging Holding Co. | 0.73% | 255,665 | $7.5M | Reduce -27.9% |
| ANSS Ansys Inc. | 0.73% | 21,354 | $7.4M | Reduce -56.9% |
| CRM Salesforce Inc. | 0.70% | 23,488 | $7.1M | Reduce -9.9% |
| KMI Kinder Morgan Inc. | 0.69% | 384,604 | $7.1M | Add +2.8% |
| QCOM Qualcomm Inc. | 0.65% | 39,089 | $6.6M | Add +16.7% |
| AXP American Express Co. | 0.64% | 28,699 | $6.5M | Add +37.8% |
| DE Deere & Co. | 0.61% | 15,154 | $6.2M | Reduce -39.2% |
| TREX Trex Company Inc. | 0.57% | 58,104 | $5.8M | Reduce -27.1% |
| HWM Howmet Aerospace Inc. | 0.55% | 82,261 | $5.6M | Reduce -12.2% |
| JPM JPMorgan Chase & Co. | 0.55% | 28,085 | $5.6M | New |
| RMBS Rambus Inc. | 0.55% | 89,559 | $5.5M | New |
| AMD Advanced Micro Devices | 0.54% | 30,514 | $5.5M | Add +8.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.53% | 39,601 | $5.4M | Reduce -32.3% |
| GS Goldman Sachs Group Inc. | 0.52% | 12,733 | $5.3M | Reduce -0.1% |
| DDOG Datadog Inc. Class A | 0.52% | 42,983 | $5.3M | New |
| SLF Sun Life Financial Inc. | 0.51% | 95,632 | $5.2M | Add +96.1% |
| AMGN Amgen Inc. | 0.51% | 18,123 | $5.2M | Reduce -0.1% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.50% | 99,161 | $5.1M | Add +2.0% |
| PYPL PayPal Holdings Inc. | 0.49% | 75,000 | $5.0M | Reduce -9.6% |
| IR Ingersoll-Rand Inc. | 0.48% | 51,327 | $4.9M | Add +11.8% |
| INTC Intel Corp. | 0.47% | 109,107 | $4.8M | Reduce -23.5% |
| AMAT Applied Materials Inc. | 0.47% | 23,345 | $4.8M | Reduce -0.2% |
| HON Honeywell International Inc. | 0.47% | 23,380 | $4.8M | Reduce -13.7% |
| KEYS Keysight Technologies Inc. | 0.47% | 30,456 | $4.8M | Reduce -0.1% |
| FIS Fidelity National Info Serv | 0.47% | 64,000 | $4.7M | Add +6.7% |
| TD Toronto-Dominion Bank | 0.47% | 79,455 | $4.7M | Add +3.7% |
| AVB Avalonbay Communities Inc. | 0.45% | 24,870 | $4.6M | Add +54.8% |
| FCX Freeport-McMoran Inc. | 0.45% | 97,224 | $4.6M | Add +6.6% |
| MDLZ Mondelez International Inc. Class A | 0.42% | 61,226 | $4.3M | Reduce -9.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.41% | 22,053 | $4.2M | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 0.41% | 82,797 | $4.1M | Reduce -14.2% |
| MCD McDonald's Corp. | 0.38% | 13,762 | $3.9M | Add +13.4% |
| VZ Verizon Communications Inc. | 0.37% | 90,359 | $3.8M | Reduce -11.6% |
| PLD Prologis Inc. | 0.36% | 28,296 | $3.7M | Reduce -9.7% |
| FISV Fiserv Inc. | 0.36% | 23,000 | $3.7M | Reduce -20.0% |
| APD Air Products & Chemicals Inc. | 0.34% | 14,267 | $3.5M | Reduce -6.2% |
| GIS General Mills Inc. | 0.33% | 47,892 | $3.4M | Add +50.3% |
| XYL Xylem Inc. | 0.33% | 25,678 | $3.3M | Add +8.4% |
| CCEP Coca-Cola Europacific Partne | 0.31% | 45,605 | $3.2M | New |
| XYZ Block Inc. | 0.31% | 36,750 | $3.1M | Reduce -39.8% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.30% | 31,956 | $3.1M | Reduce -49.6% |
| NICE Nice Ltd. - Spon ADR | 0.30% | 11,750 | $3.1M | Reduce -4.1% |
| LDOS Leidos Holdings Inc. | 0.30% | 23,330 | $3.1M | Reduce -29.9% |
| WMS Advanced Drainage Systems Inc. | 0.29% | 17,284 | $3.0M | Reduce -1.1% |
| AEM Agnico Eagle Mines Ltd. | 0.29% | 49,461 | $2.9M | Add +52.4% |
| TTEK Tetra Tech Inc. | 0.28% | 15,450 | $2.9M | Add +9.0% |
| NKE Nike Inc. Class B | 0.28% | 30,188 | $2.8M | Add +33.0% |
| STT State Street Corp. | 0.28% | 36,470 | $2.8M | Reduce -0.1% |
| SGML Sigma Lithium Corp. | 0.27% | 212,548 | $2.8M | Add +9.1% |
| HXL Hexcel Corp. | 0.27% | 37,554 | $2.7M | Reduce -62.1% |
| DOV Dover Corp. | 0.26% | 15,096 | $2.7M | Add +12.1% |
| AKAM Akamai Technologies Inc. | 0.26% | 24,253 | $2.6M | New |
| ENV Envestnet Inc. | 0.26% | 45,000 | $2.6M | Add +12.5% |
| SSNC Ss&c Technologies Holdings | 0.25% | 40,000 | $2.6M | Reduce -11.1% |
| IPG Interpublic Group of Cos Inc. | 0.25% | 78,357 | $2.6M | Reduce -31.5% |
| TW Tradeweb Markets Inc. Class A | 0.25% | 24,000 | $2.5M | No change |
| F Ford Motor Co. filed as FORD MTR CO DEL | 0.25% | 187,651 | $2.5M | Reduce -18.4% |
| EVTC Evertec Inc. | 0.24% | 60,000 | $2.4M | Reduce -20.0% |
Options reported separately and not counted above: FOR calls ($67.8M), AKAM calls ($13.5M), STX calls ($5.1M), NCLH calls ($3.1M), RIVIAN AUTO INC (RIVN 4.625 03/15/29) calls ($2.3M), F calls ($353K), LUV calls ($327K).
Other holdings (54): bonds, preferreds, convertibles and warrants · $552.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 24,764,000 | $29.8M | New |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | 29,047,000 | $26.6M | Add +43.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 22,237,000 | $23.5M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 21,758,000 | $21.5M | New |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | 15,761,000 | $19.5M | Add +4.9% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 17,548,000 | $18.9M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 16,998,000 | $18.0M | Add +48.6% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 12,585,000 | $16.8M | Add +3.3% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 17,233,000 | $16.5M | Add +4.7% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 12,083,000 | $15.9M | Reduce -37.9% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 18,599,000 | $15.7M | Reduce -37.2% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 16,608,000 | $15.5M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 15,078,000 | $15.0M | Add +4.5% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 17,344,000 | $14.9M | Reduce -7.2% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 14,630,000 | $14.5M | Add +93.0% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 11,414,000 | $14.4M | Reduce -14.6% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 12,138,000 | $14.2M | Add +3.4% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 11,870,000 | $13.8M | Reduce -0.8% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 9,650,000 | $13.6M | Add +1984.2% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 14,362,000 | $13.2M | Add +25.8% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 14,100,000 | $13.1M | Add +27.0% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 9,600,000 | $12.1M | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 11,969,000 | $11.7M | Add +21.9% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 11,235,000 | $10.6M | Add +22.3% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 11,176,000 | $10.4M | No change |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 6,270,000 | $10.4M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 10,222,000 | $10.4M | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 6,640,000 | $9.8M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 8,927,000 | $9.8M | Reduce -17.6% |
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | 2,051,000 | $9.0M | New |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 8,200,000 | $8.6M | Reduce -25.1% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 7,040,000 | $8.1M | Add +5.2% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 8,499,000 | $8.1M | No change |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 6,923,000 | $7.4M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | 6,634,000 | $7.1M | No change |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 6,123,000 | $6.2M | Add +62.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 5,229,000 | $5.7M | New |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | 5,900,000 | $5.6M | Reduce -7.8% |
| JOYY INC (JOYY 1.375 06/15/26) | NOTE 1.375% 6/1 · principal | 4,374,000 | $4.3M | Reduce -33.6% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 4,854,000 | $4.2M | No change |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 4,000,000 | $4.0M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 3,000,000 | $3.4M | New |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | 2,800,000 | $2.8M | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 2,866,000 | $2.7M | Reduce -25.9% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 2,428,000 | $2.5M | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 2,100,000 | $1.9M | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 2,000,000 | $1.9M | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 2,100,000 | $1.8M | No change |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 1,781,000 | $1.6M | Reduce -82.1% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 1,778,000 | $1.6M | No change |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | 1,213,000 | $1.1M | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 1,200,000 | $1.1M | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 1,075,000 | $989K | Reduce -45.6% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 1,035,000 | $877K | No change |
Total filed on the 13F, all lines: $1.6B.
Portfolio Sells Q4 2023 → Q1 2024
| SPGI S&P Global Inc. | Sold out | 0.00% | −2.08 |
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −1.77 |
| SLN Silence Therapeutics PLC-ADR | Reduce -38.0% | 4.76% | −1.30 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −1.16 |
| ANSS Ansys Inc. | Reduce -56.9% | 0.73% | −1.01 |
| STM Stmicroelectronics NV-NY SHS | Reduce -84.3% | 0.14% | −0.88 |
| ON On Semiconductor | Reduce -41.0% | 0.97% | −0.86 |
| TSLA Tesla Inc. | Reduce -24.9% | 0.99% | −0.84 |
| CPB The Campbell's Company | Reduce -87.4% | 0.10% | −0.69 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.66 |
| AAPL Apple Inc. | Reduce -14.9% | 2.24% | −0.66 |
| CCK Crown Holdings Inc. | Reduce -17.0% | 1.63% | −0.61 |
| BIDU Baidu Inc. - Spon ADR | Reduce -31.6% | 0.84% | −0.53 |
| SEDG Solaredge Technologies Inc. | Sold out | 0.00% | −0.52 |
| SHLS Shoals Technologies Group -A | Sold out | 0.00% | −0.51 |
| ADSK Autodesk Inc. | Reduce -34.1% | 1.27% | −0.50 |
| ALB Albemarle Corp. | Reduce -28.7% | 0.91% | −0.46 |
| HXL Hexcel Corp. | Reduce -62.1% | 0.27% | −0.44 |
| ARRY Array Technologies Inc. | Reduce -81.2% | 0.09% | −0.42 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.36 |
| AWK American Water Works Co. Inc. | Reduce -62.6% | 0.19% | −0.36 |
| DE Deere & Co. | Reduce -39.2% | 0.61% | −0.35 |
| RY Royal Bank of Canada | Sold out | 0.00% | −0.35 |
| URI United Rentals Inc. | Reduce -31.9% | 2.18% | −0.32 |
| BMO Bank of Montreal | Reduce -49.6% | 0.30% | −0.31 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.30 |
| PTC PTC Inc. | Reduce -26.3% | 1.16% | −0.27 |
| TMO Thermo Fisher Scientific Inc. | Reduce -22.6% | 1.69% | −0.27 |
| WEX Wex Inc. | Sold out | 0.00% | −0.26 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.25 |
| INTC Intel Corp. | Reduce -23.5% | 0.47% | −0.22 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.22 |
| BSY Bentley Systems Inc. Class B | Reduce -17.1% | 1.15% | −0.21 |
| DAVA Endava PLC- Spon ADR | Reduce -26.9% | 0.12% | −0.20 |
| INGR Ingredion Inc. | Sold out | 0.00% | −0.18 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.17 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.15 |
| XYZ Block Inc. | Reduce -39.8% | 0.31% | −0.15 |
| GM General Motors Co. | Sold out | 0.00% | −0.15 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -41.5% | 0.16% | −0.14 |
| JNJ Johnson & Johnson | Reduce -17.0% | 0.78% | −0.13 |
| NOMD Nomad Foods Ltd. | Sold out | 0.00% | −0.13 |
| CDNS Cadence Design SYS Inc. | Reduce -19.2% | 2.05% | −0.13 |
| CTVA Corteva Inc. | Reduce -29.1% | 0.84% | −0.13 |
| ETSY Etsy Inc. | Sold out | 0.00% | −0.12 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.12 |
| TRMB Trimble Inc. | Sold out | 0.00% | −0.12 |
| GPK Graphic Packaging Holding Co. | Reduce -27.9% | 0.73% | −0.11 |
| IPG Interpublic Group of Cos Inc. | Reduce -31.5% | 0.25% | −0.11 |
| ACN Accenture PLC Class A | Reduce -12.5% | 0.80% | −0.11 |
Portfolio Buys Q4 2023 → Q1 2024
| MSFT Microsoft Corp. | New | 5.16% | +5.16 |
| MSCI MSCI Inc. | New | 1.45% | +1.45 |
| AMZN Amazon.com Inc. | Add +28.3% | 3.71% | +1.32 |
| RMD Resmed Inc. | New | 1.03% | +1.03 |
| GOOG Alphabet Inc. Class C | New | 1.03% | +1.03 |
| GOOGL Alphabet Inc. Class A | Add +34.8% | 2.87% | +0.94 |
| MRK Merck & Co. Inc. | Add +115.7% | 1.47% | +0.92 |
| WPM Wheaton Precious Metals Corp. | New | 0.90% | +0.90 |
| STLD Steel Dynamics Inc. | New | 0.79% | +0.79 |
| GPN Global Payments Inc. | Add +77.2% | 1.41% | +0.67 |
| JPM JPMorgan Chase & Co. | New | 0.55% | +0.55 |
| PAAS Pan American Silver Corp. | Add +101.0% | 1.16% | +0.55 |
| RMBS Rambus Inc. | New | 0.55% | +0.55 |
| DDOG Datadog Inc. Class A | New | 0.52% | +0.52 |
| RSG Republic Services Inc. | Add +6.0% | 2.35% | +0.48 |
| ACM Aecom | Add +60.9% | 1.06% | +0.45 |
| ENPH Enphase Energy Inc. | Add +71.3% | 1.09% | +0.41 |
| CP Canadian Pacific Kansas City | Add +6.7% | 1.98% | +0.35 |
| CCEP Coca-Cola Europacific Partne | New | 0.31% | +0.31 |
| AXP American Express Co. | Add +37.8% | 0.64% | +0.27 |
| SLF Sun Life Financial Inc. | Add +96.1% | 0.51% | +0.26 |
| AKAM Akamai Technologies Inc. | New | 0.26% | +0.26 |
| V Visa Inc. Class A | Add +7.8% | 1.60% | +0.24 |
| DXCM Dexcom Inc. | New | 0.22% | +0.22 |
| QCOM Qualcomm Inc. | Add +16.7% | 0.65% | +0.18 |
| WCN Waste Connections Inc. | New | 0.18% | +0.18 |
| AVB Avalonbay Communities Inc. | Add +54.8% | 0.45% | +0.16 |
| AMD Advanced Micro Devices | Add +8.9% | 0.54% | +0.14 |
| IR Ingersoll-Rand Inc. | Add +11.8% | 0.48% | +0.14 |
| GIS General Mills Inc. | Add +50.3% | 0.33% | +0.13 |
| SRCL Stericycle Inc. | New | 0.13% | +0.13 |
| UNH Unitedhealth Group Inc. | Add +11.6% | 1.93% | +0.12 |
| FIS Fidelity National Info Serv | Add +6.7% | 0.47% | +0.12 |
| AEM Agnico Eagle Mines Ltd. | Add +52.4% | 0.29% | +0.12 |
| TECK Teck Resources Ltd.-CLS B | New | 0.11% | +0.11 |
| NDAQ Nasdaq Inc. | Add +2.8% | 0.78% | +0.09 |
| FCX Freeport-McMoran Inc. | Add +6.6% | 0.45% | +0.08 |
| VRNT Verint Systems Inc. | Add +18.2% | 0.21% | +0.07 |
| CAG Conagra Brands Inc. | Add +132.3% | 0.11% | +0.07 |
| ENV Envestnet Inc. | Add +12.5% | 0.26% | +0.07 |
| XYL Xylem Inc. | Add +8.4% | 0.33% | +0.07 |
| DOV Dover Corp. | Add +12.1% | 0.26% | +0.06 |
| KMI Kinder Morgan Inc. | Add +2.8% | 0.69% | +0.06 |
| TTEK Tetra Tech Inc. | Add +9.0% | 0.28% | +0.05 |
| LU Lufax Holding Ltd.-ADR | Add +7.7% | 0.15% | +0.05 |
| LKQ LKQ Corp. | Add +19.1% | 0.18% | +0.05 |
| TRU Transunion | Add +11.1% | 0.20% | +0.05 |
| BNS Bank of Nova Scotia | Add +2.0% | 0.50% | +0.04 |
| RCM R1 RCM Inc. | New | 0.04% | +0.04 |
| ZWS Zurn Elkay Water Solutions C | Add +28.3% | 0.13% | +0.04 |
Options Activity Q4 2023 → Q1 2024
| MSFT Microsoft Corp. | call | Sold out | 267,176 | $100.5Mbefore exit |
| FOR Forestar Group Inc. | call | New | 1,687,500 | $67.8M |
| GOOG Alphabet Inc. Class C | call | Sold out | 283,929 | $39.8Mbefore exit |
| ZS Zscaler Inc. | call | Sold out | 104,800 | $23.2Mbefore exit |
| AKAM Akamai Technologies Inc. | call | Reduce -35.3% | 123,700 | $13.5M |
| MVIS Microvision Inc. | call | Sold out | 17,100 | $10.8Mbefore exit |
| RCL Royal Caribbean Cruises Ltd. | call | Sold out | 74,000 | $9.6Mbefore exit |
| STX Seagate Technology Holdings | call | Add +10.0% | 55,000 | $5.1M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | call | New | 210,000 | $2.3M |
| F Ford Motor Co. | call | Reduce -98.4% | 26,600 | $353K |
| LUV Southwest Airlines Co. | call | New | 11,200 | $327K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Sold out | 32,452,000 | $30.3Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | New | 24,764,000 | $29.8M |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | Add +43.5% | 29,047,000 | $26.6M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 21,758,000 | $21.5M |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | Add +4.9% | 15,761,000 | $19.5M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | New | 17,548,000 | $18.9M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +48.6% | 16,998,000 | $18.0M |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Add +3.3% | 12,585,000 | $16.8M |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Add +4.7% | 17,233,000 | $16.5M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Reduce -37.9% | 12,083,000 | $15.9M |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Reduce -37.2% | 18,599,000 | $15.7M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | New | 16,608,000 | $15.5M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +4.5% | 15,078,000 | $15.0M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Reduce -7.2% | 17,344,000 | $14.9M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | Add +93.0% | 14,630,000 | $14.5M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -14.6% | 11,414,000 | $14.4M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Add +3.4% | 12,138,000 | $14.2M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Reduce -0.8% | 11,870,000 | $13.8M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Add +1984.2% | 9,650,000 | $13.6M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Add +25.8% | 14,362,000 | $13.2M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Add +27.0% | 14,100,000 | $13.1M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | New | 9,600,000 | $12.1M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Add +21.9% | 11,969,000 | $11.7M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +22.3% | 11,235,000 | $10.6M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | New | 6,270,000 | $10.4M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | New | 6,640,000 | $9.8M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -17.6% | 8,927,000 | $9.8M |
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | New | 2,051,000 | $9.0M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Reduce -25.1% | 8,200,000 | $8.6M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 7,909,000 | $8.2Mbefore exit |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +5.2% | 7,040,000 | $8.1M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +62.3% | 6,123,000 | $6.2M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | New | 5,229,000 | $5.7M |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | Reduce -7.8% | 5,900,000 | $5.6M |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Sold out | 7,650,000 | $5.4Mbefore exit |
| JOYY INC (JOYY 1.375 06/15/26) | NOTE 1.375% 6/1 · principal | Reduce -33.6% | 4,374,000 | $4.3M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | New | 4,000,000 | $4.0M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Sold out | 3,819,000 | $3.6Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | New | 3,000,000 | $3.4M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | Sold out | 3,000,000 | $2.9Mbefore exit |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | Reduce -25.9% | 2,866,000 | $2.7M |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | Sold out | 2,672,000 | $2.6Mbefore exit |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Reduce -82.1% | 1,781,000 | $1.6M |
| IQIYI INC (IQ 4 12/15/26) | NOTE 4.000%12/1 · principal | Sold out | 1,100,000 | $1.1Mbefore exit |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Reduce -45.6% | 1,075,000 | $989K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 131 | $1.3B | NVDA, GOOGL, AMZN, MU, WM |
| Q1 2026Amended | 134 | $1.2B | NVDA, GOOGL, NEE, MRK, TMO |
| Q4 2025 | 124 | $1.3B | NVDA, GOOGL, AMZN, NEE, ECL |
| Q3 2025 | 102 | $1.4B | NVDA, GOOG, ASCENDIS PHARMA A/S (ASND 2.25 04/01/28), SPGI, XYL |
| Q2 2025 | 123 | $1.1B | NVDA, AMZN, NEXN, AVGO, XYL |
| Q1 2025 | 121 | $1.1B | AMZN, CDNS, NEE, XYL, TREX |
| Q4 2024 | 179 | $1.5B | NVDA, AMZN, MSFT, AAPL, TSLA |
| Q3 2024 | 176 | $1.5B | NVDA, MSFT, AMZN, UNH, TMO |
| Q2 2024 | 209 | $1.5B | MSFT, NVDA, AMZN, GOOGL, UNH |
| Q1 2024 | 156 | $1.0B | MSFT, SLN, NVDA, AMZN, GOOGL |