Lombard Odier Asset Management (Europe) Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Lombard Odier Asset Management (Europe) Ltd reported 209 stock positions worth $1.5 billion. Its top holding was Microsoft (MSFT) at 4.6% of the portfolio, followed by Nvidia (NVDA, 4.5%) and Amazon.com (AMZN, 3.8%). Compared with Q1 2024, it opened 79 new positions, sold out of 26, added to 73 and reduced 56. The biggest buy was a new position in Verisk Analytics (VRSK) and the biggest sale an exit from Silence Therapeutics PLC-ADR (SLN).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001535784
Portfolio Value
$1.5B (Q2 2024)
SEC Filing
0000908834-24-000194 ↗ filed Aug 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.0B Q1 2024 Q2 2024: $1.5B $1.5B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 209 stocks · $1.5B
MSFT Microsoft Corp. 4.57% 149,719 $66.9M Add +20.3%
NVDA Nvidia Corp. 4.49% 532,285 $65.8M Add +20.6%
AMZN Amazon.com Inc. 3.80% 287,914 $55.6M Add +37.7%
GOOGL Alphabet Inc. Class A 3.20% 257,154 $46.8M Add +33.1%
UNH Unitedhealth Group Inc. 2.38% 68,394 $34.8M Add +72.7%
AAPL Apple Inc. 2.36% 163,921 $34.5M Add +23.4%
MRK Merck & Co. Inc. 1.97% 233,257 $28.9M Add +106.7%
TMO Thermo Fisher Scientific Inc. 1.89% 49,926 $27.6M Add +69.1%
RSG Republic Services Inc. 1.83% 137,964 $26.8M Add +10.5%
CDNS Cadence Design SYS Inc. 1.70% 80,653 $24.8M Add +20.5%
NEE Nextera Energy Inc. 1.69% 348,797 $24.7M Reduce -4.6%
ACN Accenture PLC Class A 1.56% 75,436 $22.9M Add +223.4%
V Visa Inc. Class A 1.40% 78,137 $20.5M Add +34.4%
URI United Rentals Inc. 1.39% 31,491 $20.4M Add +2.4%
RMD Resmed Inc. 1.31% 99,803 $19.1M Add +88.3%
CP Canadian Pacific Kansas City 1.27% 236,880 $18.7M Add +4.0%
VRSK Verisk Analytics Inc. 1.23% 66,536 $17.9M New
WPM Wheaton Precious Metals Corp. 1.20% 335,908 $17.6M Add +74.0%
TSLA Tesla Inc. 1.19% 87,711 $17.4M Add +53.3%
XYL Xylem Inc. 1.08% 116,021 $15.7M Add +351.8%
ACM Aecom 1.06% 176,390 $15.5M Add +61.0%
IQV Iqvia Holdings Inc. 1.01% 69,887 $14.8M New
PTC PTC Inc. 1.00% 80,425 $14.6M Add +29.4%
SCI Service Corp. International 0.97% 200,000 $14.2M New
VRTX Vertex Pharmaceuticals Inc. 0.96% 29,937 $14.0M New
PAAS Pan American Silver Corp. 0.96% 704,422 $14.0M Reduce -9.9%
LLY Eli Lilly & Co. 0.96% 15,467 $14.0M New
META Meta Platforms Inc. Class A 0.92% 26,800 $13.5M Reduce -0.8%
MFC Manulife Financial Corp. 0.91% 500,000 $13.3M New
CTVA Corteva Inc. 0.89% 241,300 $13.0M Add +63.2%
ABT Abbott Laboratories 0.85% 119,938 $12.5M New
GOOG Alphabet Inc. Class C 0.82% 65,339 $12.0M Reduce -4.5%
AVGO Broadcom Inc. 0.78% 7,126 $11.4M New
CMS CMS Energy Corp. 0.74% 181,553 $10.8M Add +12.7%
HALO Halozyme Therapeutics Inc. 0.72% 200,000 $10.5M New
HOLX Hologic Inc. 0.70% 137,160 $10.2M New
CCK Crown Holdings Inc. 0.67% 131,818 $9.8M Reduce -36.9%
SKX Skechers USA Inc. Class A 0.66% 140,000 $9.7M New
CHE Chemed Corp. 0.65% 17,572 $9.5M New
CL Colgate-Palmolive Co. 0.65% 97,856 $9.5M New
OPCH Option Care Health Inc. 0.64% 340,576 $9.4M New
AMP Ameriprise Financial Inc. 0.64% 22,000 $9.4M New
AMD Advanced Micro Devices 0.62% 56,167 $9.1M Add +84.1%
TPR Tapestry Inc. 0.61% 210,000 $9.0M New
GPN Global Payments Inc. 0.61% 92,827 $9.0M Reduce -13.2%
STLD Steel Dynamics Inc. 0.61% 68,864 $8.9M Add +27.2%
PRU Prudential Financial Inc. 0.60% 75,000 $8.8M New
TTEK Tetra Tech Inc. 0.59% 42,449 $8.7M Add +174.8%
TREX Trex Company Inc. 0.57% 111,919 $8.3M Add +92.6%
MELI MercadoLibre Inc. 0.56% 5,017 $8.2M New
ELS Equity Lifestyle Properties 0.56% 125,000 $8.1M New
PEP Pepsico Inc. 0.55% 48,911 $8.1M Reduce -4.1%
WMS Advanced Drainage Systems Inc. 0.55% 50,281 $8.1M Add +190.9%
NVT Nvent Electric PLC 0.55% 104,854 $8.0M Reduce -24.4%
MA Mastercard Inc. Class A 0.54% 18,025 $8.0M Reduce -6.9%
KMI Kinder Morgan Inc. 0.54% 399,776 $7.9M Add +3.9%
QCOM Qualcomm Inc. 0.53% 39,132 $7.8M Add +0.1%
ENPH Enphase Energy Inc. 0.53% 77,765 $7.8M Reduce -14.9%
INTU Intuit Inc. 0.53% 11,719 $7.7M New
DOV Dover Corp. 0.52% 41,818 $7.5M Add +177.0%
GPK Graphic Packaging Holding Co. 0.51% 286,674 $7.5M Add +12.1%
CLH Clean Harbors Inc. 0.48% 31,175 $7.1M New
NDAQ Nasdaq Inc. 0.48% 116,112 $7.0M Reduce -7.1%
A Agilent Technologies Inc. 0.48% 53,827 $7.0M New
COST Costco Wholesale Corp. 0.48% 8,188 $7.0M New
VRTS Virtus Investment Partners 0.46% 30,000 $6.8M New
JNJ Johnson & Johnson 0.46% 46,318 $6.8M Reduce -8.0%
CCEP Coca-Cola Europacific Partne 0.46% 92,770 $6.8M Add +103.4%
AXP American Express Co. 0.45% 28,730 $6.7M Add +0.1%
JPM JPMorgan Chase & Co. 0.42% 30,110 $6.1M Add +7.2%
CRM Salesforce Inc. 0.40% 22,825 $5.9M Reduce -2.8%
GS Goldman Sachs Group Inc. 0.39% 12,746 $5.8M Add +0.1%
AMGN Amgen Inc. 0.39% 18,143 $5.7M Add +0.1%
MSCI MSCI Inc. 0.39% 11,753 $5.7M Reduce -55.2%
ADBE Adobe Inc. 0.38% 9,902 $5.5M New
TD Toronto-Dominion Bank 0.37% 98,446 $5.4M Add +23.9%
SLF Sun Life Financial Inc. 0.36% 108,810 $5.3M Add +13.8%
MCK McKesson Corp. 0.36% 9,000 $5.3M New
HWM Howmet Aerospace Inc. 0.36% 67,651 $5.3M Reduce -17.8%
LKQ LKQ Corp. 0.36% 126,002 $5.2M Add +261.1%
IEX Idex Corp. 0.36% 26,031 $5.2M New
DE Deere & Co. 0.36% 13,909 $5.2M Reduce -8.2%
AWK American Water Works Co. Inc. 0.35% 40,085 $5.2M Add +147.6%
AVB Avalonbay Communities Inc. 0.35% 24,896 $5.2M Add +0.1%
HON Honeywell International Inc. 0.34% 23,405 $5.0M Add +0.1%
BALL Ball Corp. 0.34% 82,796 $5.0M Add +686.6%
AMAT Applied Materials Inc. 0.33% 20,719 $4.9M Reduce -11.3%
ZBRA Zebra Technologies Corp. Class A 0.33% 15,802 $4.9M New
FISV Fiserv Inc. 0.33% 32,414 $4.8M Add +40.9%
IR Ingersoll-Rand Inc. 0.33% 52,743 $4.8M Add +2.8%
RCL Royal Caribbean Cruises Ltd. 0.33% 30,000 $4.8M New
INTC Intel Corp. 0.32% 153,289 $4.7M Add +40.5%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.32% 101,295 $4.6M Add +2.1%
MCD McDonald's Corp. 0.31% 17,974 $4.6M Add +30.6%
UBER Uber Technologies Inc. 0.30% 60,752 $4.4M New
AA Alcoa Corp. 0.30% 110,673 $4.4M Add +371.9%
BC Brunswick Corp. 0.30% 60,000 $4.4M New
CAG Conagra Brands Inc. 0.30% 153,145 $4.4M Add +297.4%
WCN Waste Connections Inc. 0.30% 24,817 $4.4M Add +137.8%
PYPL PayPal Holdings Inc. 0.30% 74,823 $4.3M Reduce -0.2%
ZWS Zurn Elkay Water Solutions C 0.29% 145,359 $4.3M Add +274.7%
KEYS Keysight Technologies Inc. 0.29% 30,802 $4.2M Add +1.1%
SGRY Surgery Partners Inc. 0.28% 175,000 $4.2M New
ITCI Intra-Cellular Therapies Inc. 0.28% 60,000 $4.1M New
INMD Inmode Ltd. 0.28% 225,000 $4.1M New
MTD Mettler-Toledo International 0.28% 2,895 $4.0M New
TOL Toll Brothers Inc. 0.28% 35,000 $4.0M New
MDLZ Mondelez International Inc. Class A 0.27% 61,294 $4.0M Add +0.1%
JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP 0.27% 41,887 $4.0M Add +144.6%
EVH Evolent Health Inc. Class A 0.26% 200,000 $3.8M Add +1438.5%
LRCX Lam Research Corp. 0.25% 3,424 $3.6M New
VZ Verizon Communications Inc. 0.25% 87,768 $3.6M Reduce -2.9%
ZTS Zoetis Inc. 0.24% 20,533 $3.6M New
CSX CSX Corp. 0.23% 100,594 $3.4M Add +110.3%
ANSS Ansys Inc. 0.23% 10,466 $3.4M Reduce -51.0%
FIS Fidelity National Info Serv 0.22% 43,500 $3.3M Reduce -32.0%
NFLX Netflix Inc. 0.22% 4,852 $3.3M New
AEM Agnico Eagle Mines Ltd. 0.22% 49,651 $3.2M Add +0.4%
FCX Freeport-McMoran Inc. 0.21% 64,399 $3.1M Reduce -33.8%
SYY Sysco Corp. 0.21% 43,757 $3.1M Add +134.4%
ECL Ecolab Inc. 0.21% 13,080 $3.1M New
PLD Prologis Inc. 0.21% 27,202 $3.1M Reduce -3.9%
AZPN Aspen Technology Inc. 0.21% 15,315 $3.0M New
CSCO Cisco Systems Inc. 0.21% 63,918 $3.0M Reduce -22.8%
K Kellanova 0.19% 49,018 $2.8M Add +227.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 68,667 $2.7M New
BR Broadridge Financial Solutio 0.19% 13,861 $2.7M Add +26.0%
ATS Ats Corp. 0.18% 83,047 $2.7M Add +138.8%
STT State Street Corp. 0.18% 36,291 $2.7M Reduce -0.5%
GIS General Mills Inc. 0.18% 41,806 $2.6M Reduce -12.7%
LW Lamb Weston Holdings Inc. 0.17% 29,994 $2.5M New
ELV Elevance Health Inc. 0.17% 4,630 $2.5M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 14,469 $2.5M Reduce -34.4%
MCO Moody's Corp. 0.17% 5,865 $2.5M New
PANW Palo Alto Networks Inc. 0.17% 7,121 $2.4M New
NEM Newmont Corp. 0.16% 57,138 $2.4M Reduce -2.4%
PNR Pentair PLC 0.16% 30,264 $2.3M Add +85.8%
ROK Rockwell Automation Inc. 0.16% 8,408 $2.3M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.16% 20,985 $2.3M New
AVY Avery Dennison Corp. 0.16% 10,526 $2.3M New
IPG Interpublic Group of Cos Inc. 0.16% 78,443 $2.3M Add +0.1%
NKE Nike Inc. Class B 0.16% 30,221 $2.3M Add +0.1%
FOUR SHIFT4 Payments Inc. Class A 0.15% 30,906 $2.3M Add +28.8%
CASH Pathward Financial Inc. 0.15% 40,000 $2.3M Reduce -7.0%
ENV Envestnet Inc. 0.15% 35,000 $2.2M Reduce -22.2%
BSY Bentley Systems Inc. Class B 0.15% 43,122 $2.1M Reduce -80.7%
VRNT Verint Systems Inc. 0.14% 65,000 $2.1M No change
RTX RTX Corp. 0.14% 20,367 $2.0M New
VIRT Virtu Financial Inc. Class A 0.14% 90,000 $2.0M Add +9.1%
F Ford Motor Co. filed as FORD MTR CO DEL 0.14% 160,806 $2.0M Reduce -14.3%
CI The Cigna Group 0.14% 6,034 $2.0M New
CYBR Cyberark Software Ltd./Israel 0.14% 7,250 $2.0M New
PBA Pembina Pipeline Corp. 0.13% 51,583 $1.9M Add +0.4%
HPE Hewlett Packard Enterprise 0.13% 89,611 $1.9M New
WY Weyerhaeuser Co. 0.13% 65,080 $1.8M Add +91.3%
DAR Darling Ingredients Inc. 0.13% 50,206 $1.8M New
ETSY Etsy Inc. 0.12% 30,910 $1.8M New
ON On Semiconductor 0.12% 26,120 $1.8M Reduce -80.4%
CPRT Copart Inc. 0.12% 32,874 $1.8M New
CVS CVS Health Corp. 0.12% 30,099 $1.8M Add +29.9%
REGN Regeneron Pharmaceuticals 0.12% 1,690 $1.8M New
MKTX Marketaxess Holdings Inc. 0.12% 8,750 $1.8M New
HSY The Hershey Co. 0.12% 9,471 $1.7M New
HAS Hasbro Inc. 0.12% 29,455 $1.7M Add +6.6%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.12% 20,494 $1.7M Reduce -35.9%
SSNC Ss&c Technologies Holdings 0.12% 27,000 $1.7M Reduce -32.5%
NOW ServiceNow Inc. 0.11% 2,136 $1.7M New
MKC McCormick & Co.-Non VTG SHRS 0.11% 23,636 $1.7M Add +0.1%
EVTC Evertec Inc. 0.11% 50,000 $1.7M Reduce -16.7%
WDAY Workday Inc. Class A 0.11% 7,406 $1.7M New
XYZ Block Inc. 0.11% 25,000 $1.6M Reduce -32.0%
CRWD CrowdStrike Holdings Inc. Class A 0.11% 4,188 $1.6M New
TRU Transunion 0.11% 21,500 $1.6M Reduce -14.0%
SPGI S&P Global Inc. 0.11% 3,500 $1.6M New
AGCO Agco Corp. 0.10% 15,037 $1.5M New
ABNB Airbnb Inc. Class A 0.10% 9,664 $1.5M New
ALB Albemarle Corp. 0.10% 15,187 $1.5M Reduce -78.3%
TW Tradeweb Markets Inc. Class A 0.10% 13,500 $1.4M Reduce -43.8%
CPAY Corpay Inc. 0.10% 5,250 $1.4M New
WEX Wex Inc. 0.09% 7,500 $1.3M New
LNN Lindsay Corp. 0.09% 10,796 $1.3M New
HD Home Depot Inc. 0.09% 3,850 $1.3M New
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.09% 7,500 $1.2M New
DXCM Dexcom Inc. 0.08% 10,547 $1.2M Reduce -33.8%
STN Stantec Inc. 0.08% 13,908 $1.2M Reduce -87.6%
BIIB Biogen Inc. 0.07% 4,686 $1.1M New
MTZ Mastec Inc. 0.07% 9,922 $1.1M New
GFS Globalfoundries Inc. 0.07% 20,938 $1.1M Add +16.8%
AKAM Akamai Technologies Inc. 0.07% 11,241 $1.0M Reduce -53.6%
STM Stmicroelectronics NV-NY SHS 0.07% 25,428 $999K Reduce -23.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.07% 9,207 $980K New
PAY Paymentus Holdings Inc. Class A 0.06% 50,000 $950K Reduce -28.6%
EPAM Epam Systems Inc. 0.06% 5,000 $941K New
CNH CNH Industrial NV 0.06% 91,108 $923K Reduce -5.0%
PAGS Pagseguro Digital Ltd. Class A 0.06% 77,500 $906K Reduce -26.2%
PSMT Pricesmart Inc. 0.06% 10,673 $867K New
AAL American Airlines Group Inc. 0.06% 72,118 $817K Reduce -28.7%
DDOG Datadog Inc. Class A 0.05% 6,130 $795K Reduce -85.7%
STNE Stoneco Ltd. Class A 0.05% 65,000 $779K Reduce -18.8%
SRCL Stericycle Inc. 0.04% 10,437 $607K Reduce -57.0%
SXT Sensient Technologies Corp. 0.04% 8,172 $606K Reduce -24.1%
GO Grocery Outlet Holding Corp. 0.04% 27,108 $600K Reduce -10.1%
NTR Nutrien Ltd. 0.03% 10,004 $509K Reduce -4.9%
DOLE Dole PLC 0.03% 32,597 $399K Reduce -18.3%
ITRI Itron Inc. 0.02% 2,454 $243K New
EBAY eBay Inc. 0.02% 4,317 $232K New
TRMB Trimble Inc. 0.01% 3,908 $219K New
TSCO Tractor Supply Company 0.01% 786 $212K New
ARRY Array Technologies Inc. 0.01% 10,719 $110K Reduce -81.5%

Options reported separately and not counted above: SEAGATE TECHNOLOGY HLDNGS PL calls ($65.4M), STX calls ($3.8M), FORD MTR CO calls ($334K), ZILLOW GROUP INC (Z 1.375 09/01/26) calls ($297K), ALPHABET INC calls ($255K), SOUTHWEST AIRLS CO calls ($252K), MICROSOFT CORP calls ($223K).

Other holdings (56): bonds, preferreds, convertibles and warrants · $581.0M (not counted above)
SecurityClassShares / PrincipalValueChange
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 37,219,000$36.4MNew
NIO INC (NIO 0.5 02/01/27) NOTE 0.500% 2/0 · principal 29,047,000$27.6MNo change
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 26,136,000$27.4MNew
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 21,091,000$23.5MReduce -14.8%
MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal 21,083,000$22.6MAdd +74.5%
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 21,967,000$21.9MNew
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 14,300,000$19.2MNew
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 18,918,000$18.2MReduce -13.1%
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 17,615,000$18.0MNew
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 17,909,000$17.4MReduce -19.5%
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal 15,800,000$17.0MAdd +295.0%
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 19,049,000$16.4MAdd +2.4%
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal 14,258,000$16.0MReduce -18.8%
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 16,608,000$15.2MNo change
IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) NOTE 4/0 · principal 14,630,000$15.1MNo change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 10,875,000$14.0MReduce -10.4%
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 14,048,000$13.9MReduce -17.4%
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 13,555,000$13.3MNew
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 14,362,000$12.9MNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 11,210,000$12.1MReduce -0.2%
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 11,885,000$11.6MNew
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 12,400,000$11.6MNew
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal 11,900,000$11.4MAdd +24.0%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal 11,300,000$11.2MNew
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 10,605,000$11.0MReduce -10.7%
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 10,222,000$10.8MNo change
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 9,290,000$10.7MReduce -26.2%
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 11,528,000$10.6MAdd +3.1%
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 10,670,000$10.5MReduce -10.8%
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal 10,178,000$9.8MReduce -32.5%
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 8,100,000$8.9MReduce -1.2%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 6,859,000$8.6MReduce -23.2%
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 8,032,000$8.5MAdd +14.1%
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 8,499,000$7.9MNo change
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal 6,923,000$7.0MNo change
MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) NOTE 0.125%11/1 · principal 6,634,000$7.0MNo change
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 6,122,000$5.3MReduce -64.7%
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 5,404,000$4.7MAdd +11.3%
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 4,723,000$4.7MReduce -22.9%
PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal 3,613,000$3.6MAdd +29.0%
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 3,000,000$3.3MNo change
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 3,228,000$3.1MNew
ZIFF DAVIS INC (ZD 1.75 11/01/26) NOTE 1.750%11/0 · principal 2,866,000$2.7MNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 2,428,000$2.5MNo change
BILIBILI INC (BILI 0.5 12/01/26) NOTE 0.500%12/0 · principal 2,400,000$2.3MReduce -59.3%
WIX LTD (WIX 0 08/15/25) NOTE 8/1 · principal 2,352,000$2.2MAdd +17.6%
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal 2,200,000$2.0MNew
ETSY INC (ETSY 0.125 09/01/27) NOTE 0.125% 9/0 · principal 2,100,000$1.8MNo change
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 1,778,000$1.7MNo change
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal 1,500,000$1.5MAdd +25.0%
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 1,423,000$1.4MNew
ZILLOW GROUP INC (Z 1.375 09/01/26) NOTE 1.375% 9/0 · principal 1,090,000$1.3MReduce -93.1%
WAYFAIR INC (W 1 08/15/26) NOTE 1.000% 8/1 · principal 1,281,000$1.2MReduce -28.1%
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 362,000$328KReduce -82.8%
STM Stmicroelectronics NV-NY SHS NY REGISTRY · principal 200,000$210KNew
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 200,000$166KReduce -80.7%

Total filed on the 13F, all lines: $2.0B.

Portfolio Sells Q1 2024 → Q2 2024
SLN Silence Therapeutics PLC-ADR Sold out 0.00% −4.76
ADSK Autodesk Inc. Sold out 0.00% −1.27
MSCI MSCI Inc. Reduce -55.2% 0.39% −1.06
BSY Bentley Systems Inc. Class B Reduce -80.7% 0.15% −1.00
CCK Crown Holdings Inc. Reduce -36.9% 0.67% −0.96
BIDU Baidu Inc. - Spon ADR Sold out 0.00% −0.84
ON On Semiconductor Reduce -80.4% 0.12% −0.84
STN Stantec Inc. Reduce -87.6% 0.08% −0.83
ALB Albemarle Corp. Reduce -78.3% 0.10% −0.81
GPN Global Payments Inc. Reduce -13.2% 0.61% −0.80
NEE Nextera Energy Inc. Reduce -4.6% 1.69% −0.61
ENPH Enphase Energy Inc. Reduce -14.9% 0.53% −0.56
RMBS Rambus Inc. Sold out 0.00% −0.55
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.53
ANSS Ansys Inc. Reduce -51.0% 0.23% −0.50
NVT Nvent Electric PLC Reduce -24.4% 0.55% −0.48
DDOG Datadog Inc. Class A Reduce -85.7% 0.05% −0.47
MA Mastercard Inc. Class A Reduce -6.9% 0.54% −0.37
META Meta Platforms Inc. Class A Reduce -0.8% 0.92% −0.37
APD Air Products & Chemicals Inc. Sold out 0.00% −0.34
PEP Pepsico Inc. Reduce -4.1% 0.55% −0.33
JNJ Johnson & Johnson Reduce -8.0% 0.46% −0.32
NICE Nice Ltd. - Spon ADR Sold out 0.00% −0.30
LDOS Leidos Holdings Inc. Sold out 0.00% −0.30
NDAQ Nasdaq Inc. Reduce -7.1% 0.48% −0.30
CRM Salesforce Inc. Reduce -2.8% 0.40% −0.30
SGML Sigma Lithium Corp. Sold out 0.00% −0.27
HXL Hexcel Corp. Sold out 0.00% −0.27
DE Deere & Co. Reduce -8.2% 0.36% −0.26
IBM Intl Business Machines Corp. Reduce -34.4% 0.17% −0.24
FIS Fidelity National Info Serv Reduce -32.0% 0.22% −0.24
FCX Freeport-McMoran Inc. Reduce -33.8% 0.21% −0.24
OTIS Otis Worldwide Corp. Sold out 0.00% −0.23
GOOG Alphabet Inc. Class C Reduce -4.5% 0.82% −0.21
PAAS Pan American Silver Corp. Reduce -9.9% 0.96% −0.20
CSCO Cisco Systems Inc. Reduce -22.8% 0.21% −0.20
PYPL PayPal Holdings Inc. Reduce -0.2% 0.30% −0.20
XYZ Block Inc. Reduce -32.0% 0.11% −0.20
HWM Howmet Aerospace Inc. Reduce -17.8% 0.36% −0.20
AKAM Akamai Technologies Inc. Reduce -53.6% 0.07% −0.19
BMO Bank of Montreal Reduce -35.9% 0.12% −0.19
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.18
ILMN Illumina Inc. Sold out 0.00% −0.17
PLD Prologis Inc. Reduce -3.9% 0.21% −0.15
GIS General Mills Inc. Reduce -12.7% 0.18% −0.15
TW Tradeweb Markets Inc. Class A Reduce -43.8% 0.10% −0.15
LU Lufax Holding Ltd.-ADR Sold out 0.00% −0.15
AMAT Applied Materials Inc. Reduce -11.3% 0.33% −0.14
SSNC Ss&c Technologies Holdings Reduce -32.5% 0.12% −0.14
DXCM Dexcom Inc. Reduce -33.8% 0.08% −0.14

Portfolio Buys Q1 2024 → Q2 2024
VRSK Verisk Analytics Inc. New 1.23% +1.23
IQV Iqvia Holdings Inc. New 1.01% +1.01
SCI Service Corp. International New 0.97% +0.97
VRTX Vertex Pharmaceuticals Inc. New 0.96% +0.96
LLY Eli Lilly & Co. New 0.96% +0.96
MFC Manulife Financial Corp. New 0.91% +0.91
ABT Abbott Laboratories New 0.85% +0.85
AVGO Broadcom Inc. New 0.78% +0.78
ACN Accenture PLC Class A Add +223.4% 1.56% +0.77
XYL Xylem Inc. Add +351.8% 1.08% +0.75
HALO Halozyme Therapeutics Inc. New 0.72% +0.72
HOLX Hologic Inc. New 0.70% +0.70
SKX Skechers USA Inc. Class A New 0.66% +0.66
CHE Chemed Corp. New 0.65% +0.65
CL Colgate-Palmolive Co. New 0.65% +0.65
OPCH Option Care Health Inc. New 0.64% +0.64
AMP Ameriprise Financial Inc. New 0.64% +0.64
TPR Tapestry Inc. New 0.61% +0.61
PRU Prudential Financial Inc. New 0.60% +0.60
NVDA Nvidia Corp. Add +20.6% 4.49% +0.57
MELI MercadoLibre Inc. New 0.56% +0.56
ELS Equity Lifestyle Properties New 0.56% +0.56
INTU Intuit Inc. New 0.53% +0.53
MRK Merck & Co. Inc. Add +106.7% 1.97% +0.51
CLH Clean Harbors Inc. New 0.48% +0.48
A Agilent Technologies Inc. New 0.48% +0.48
COST Costco Wholesale Corp. New 0.48% +0.48
VRTS Virtus Investment Partners New 0.46% +0.46
UNH Unitedhealth Group Inc. Add +72.7% 2.38% +0.45
ADBE Adobe Inc. New 0.38% +0.38
MCK McKesson Corp. New 0.36% +0.36
IEX Idex Corp. New 0.36% +0.36
ZBRA Zebra Technologies Corp. Class A New 0.33% +0.33
GOOGL Alphabet Inc. Class A Add +33.1% 3.20% +0.33
RCL Royal Caribbean Cruises Ltd. New 0.33% +0.33
TTEK Tetra Tech Inc. Add +174.8% 0.59% +0.31
WPM Wheaton Precious Metals Corp. Add +74.0% 1.20% +0.31
UBER Uber Technologies Inc. New 0.30% +0.30
BC Brunswick Corp. New 0.30% +0.30
SGRY Surgery Partners Inc. New 0.28% +0.28
ITCI Intra-Cellular Therapies Inc. New 0.28% +0.28
INMD Inmode Ltd. New 0.28% +0.28
MTD Mettler-Toledo International New 0.28% +0.28
TOL Toll Brothers Inc. New 0.28% +0.28
RMD Resmed Inc. Add +88.3% 1.31% +0.27
BALL Ball Corp. Add +686.6% 0.34% +0.27
WMS Advanced Drainage Systems Inc. Add +190.9% 0.55% +0.26
DOV Dover Corp. Add +177.0% 0.52% +0.25
LRCX Lam Research Corp. New 0.25% +0.25
ZTS Zoetis Inc. New 0.24% +0.24

Options Activity Q1 2024 → Q2 2024
FOR Forestar Group Inc. call Sold out 1,687,500 $67.8Mbefore exit
SEAGATE TECHNOLOGY HLDNGS PL call New 2,611,100 $65.4M
AKAM Akamai Technologies Inc. call Sold out 123,700 $13.5Mbefore exit
STX Seagate Technology Holdings call Reduce -56.4% 24,000 $3.8M
NCLH Norwegian Cruise Line Holdin call Sold out 148,000 $3.1Mbefore exit
RIVIAN AUTO INC (RIVN 4.625 03/15/29) call Sold out 210,000 $2.3Mbefore exit
F Ford Motor Co. call Sold out 26,600 $353Kbefore exit
FORD MTR CO call New 26,600 $334K
LUV Southwest Airlines Co. call Sold out 11,200 $327Kbefore exit
ZILLOW GROUP INC (Z 1.375 09/01/26) call New 6,400 $297K
ALPHABET INC call New 1,400 $255K
SOUTHWEST AIRLS CO call New 8,800 $252K
MICROSOFT CORP call New 500 $223K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal New 37,219,000 $36.4M
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal New 26,136,000 $27.4M
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Reduce -14.8% 21,091,000 $23.5M
MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal Add +74.5% 21,083,000 $22.6M
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal New 21,967,000 $21.9M
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal New 14,300,000 $19.2M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal Reduce -13.1% 18,918,000 $18.2M
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal New 17,615,000 $18.0M
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Reduce -19.5% 17,909,000 $17.4M
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal Add +295.0% 15,800,000 $17.0M
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal Sold out 17,233,000 $16.5Mbefore exit
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal Add +2.4% 19,049,000 $16.4M
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal Reduce -18.8% 14,258,000 $16.0M
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) NOTE 0.250% 3/1 · principal Sold out 11,414,000 $14.4Mbefore exit
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal Reduce -10.4% 10,875,000 $14.0M
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal Reduce -17.4% 14,048,000 $13.9M
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal Sold out 9,650,000 $13.6Mbefore exit
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal New 13,555,000 $13.3M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal Sold out 14,100,000 $13.1Mbefore exit
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal Reduce -0.2% 11,210,000 $12.1M
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal New 11,885,000 $11.6M
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal New 12,400,000 $11.6M
LI AUTO INC (LI 0.25 05/01/28) NOTE 0.250% 5/0 · principal Add +24.0% 11,900,000 $11.4M
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal New 11,300,000 $11.2M
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal Reduce -10.7% 10,605,000 $11.0M
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal Reduce -26.2% 9,290,000 $10.7M
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Add +3.1% 11,528,000 $10.6M
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal Reduce -10.8% 10,670,000 $10.5M
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal Sold out 6,270,000 $10.4Mbefore exit
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal Sold out 6,640,000 $9.8Mbefore exit
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal Reduce -32.5% 10,178,000 $9.8M
MICROSTRATEGY INC (MSTR 0.75 12/15/25) NOTE 0.750%12/1 · principal Sold out 2,051,000 $9.0Mbefore exit
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal Reduce -1.2% 8,100,000 $8.9M
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal Reduce -23.2% 6,859,000 $8.6M
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal Add +14.1% 8,032,000 $8.5M
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal Sold out 5,229,000 $5.7Mbefore exit
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal Reduce -64.7% 6,122,000 $5.3M
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal Add +11.3% 5,404,000 $4.7M
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal Reduce -22.9% 4,723,000 $4.7M
JOYY INC (JOYY 1.375 06/15/26) NOTE 1.375% 6/1 · principal Sold out 4,374,000 $4.3Mbefore exit
PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal Add +29.0% 3,613,000 $3.6M
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal New 3,228,000 $3.1M
BILIBILI INC (BILI 0.5 12/01/26) NOTE 0.500%12/0 · principal Reduce -59.3% 2,400,000 $2.3M
WIX LTD (WIX 0 08/15/25) NOTE 8/1 · principal Add +17.6% 2,352,000 $2.2M
MARRIOTT VACATION WORLDW (VAC 0 01/15/26) NOTE 1/1 · principal New 2,200,000 $2.0M
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal Add +25.0% 1,500,000 $1.5M
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal New 1,423,000 $1.4M
ZILLOW GROUP INC (Z 1.375 09/01/26) NOTE 1.375% 9/0 · principal Reduce -93.1% 1,090,000 $1.3M
WAYFAIR INC (W 1 08/15/26) NOTE 1.000% 8/1 · principal Reduce -28.1% 1,281,000 $1.2M
CHEGG INC (CHGG 0.125 03/15/25) NOTE 0.125% 3/1 · principal Sold out 1,213,000 $1.1Mbefore exit

Showing the first 50 of 54.

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 131$1.3BNVDA, GOOGL, AMZN, MU, WM
Q1 2026Amended 134$1.2BNVDA, GOOGL, NEE, MRK, TMO
Q4 2025 124$1.3BNVDA, GOOGL, AMZN, NEE, ECL
Q3 2025 102$1.4BNVDA, GOOG, ASCENDIS PHARMA A/S (ASND 2.25 04/01/28), SPGI, XYL
Q2 2025 123$1.1BNVDA, AMZN, NEXN, AVGO, XYL
Q1 2025 121$1.1BAMZN, CDNS, NEE, XYL, TREX
Q4 2024 179$1.5BNVDA, AMZN, MSFT, AAPL, TSLA
Q3 2024 176$1.5BNVDA, MSFT, AMZN, UNH, TMO
Q2 2024 209$1.5BMSFT, NVDA, AMZN, GOOGL, UNH
Q1 2024 156$1.0BMSFT, SLN, NVDA, AMZN, GOOGL