Lombard Odier Asset Management (Europe) Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Lombard Odier Asset Management (Europe) Ltd reported 124 stock positions worth $1.3 billion. Its top holding was Nvidia (NVDA) at 5.8% of the portfolio, followed by Alphabet Class A (GOOGL, 4.9%) and Amazon.com (AMZN, 4.2%). Compared with Q3 2025, it opened 47 new positions, sold out of 25, added to 27 and reduced 46. The biggest buy was a new position in Alphabet Class A (GOOGL) and the biggest sale an exit from Alphabet Class C (GOOG).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001535784
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0000908834-26-000082 ↗ filed Feb 17, 2026
Holdings Value
Holdings 124 stocks · $1.3B
| NVDA Nvidia Corp. | 5.82% | 410,087 | $76.5M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 4.86% | 203,838 | $63.8M | New |
| AMZN Amazon.com Inc. | 4.21% | 239,824 | $55.4M | New |
| NEE Nextera Energy Inc. | 2.05% | 335,543 | $26.9M | Reduce -14.6% |
| ECL Ecolab Inc. | 2.04% | 102,093 | $26.8M | Add +30.1% |
| TMO Thermo Fisher Scientific Inc. | 2.03% | 45,952 | $26.6M | Reduce -86.3% |
| MFC Manulife Financial Corp. | 1.91% | 687,972 | $25.0M | Add +760.0% |
| CCK Crown Holdings Inc. | 1.89% | 241,008 | $24.8M | Add +0.1% |
| SPGI S&P Global Inc. | 1.89% | 47,449 | $24.8M | Reduce -98.1% |
| MRK Merck & Co. Inc. | 1.65% | 205,371 | $21.6M | New |
| STLD Steel Dynamics Inc. | 1.57% | 122,089 | $20.7M | New |
| XYL Xylem Inc. | 1.45% | 139,678 | $19.0M | Reduce -45.0% |
| WPM Wheaton Precious Metals Corp. | 1.33% | 148,214 | $17.4M | New |
| LLY Eli Lilly & Co. | 1.32% | 16,195 | $17.4M | New |
| ACM Aecom | 1.25% | 172,643 | $16.5M | Reduce -26.6% |
| LIN Linde Inc. filed as LINDE PLC | 1.25% | 38,574 | $16.4M | New |
| QXO Qxo Inc. | 1.25% | 852,402 | $16.4M | New |
| REGN Regeneron Pharmaceuticals | 1.23% | 20,999 | $16.2M | New |
| DE Deere & Co. | 1.20% | 33,848 | $15.8M | Add +75.8% |
| MSFT Microsoft Corp. | 1.18% | 32,146 | $15.5M | Add +1.9% |
| VRT Vertiv Holdings Co. Class A | 1.18% | 95,550 | $15.5M | Add +399.1% |
| VRSK Verisk Analytics Inc. | 1.15% | 67,522 | $15.1M | New |
| SW Smurfit Westrock PLC | 1.13% | 384,378 | $14.9M | Reduce -18.4% |
| AMD Advanced Micro Devices | 1.12% | 68,854 | $14.7M | Add +27.7% |
| VLTO Veralto Corp. | 1.12% | 147,769 | $14.7M | Add +8.9% |
| AVGO Broadcom Inc. | 1.12% | 42,438 | $14.7M | New |
| MDT Medtronic PLC | 1.11% | 151,421 | $14.5M | Add +303.8% |
| RSG Republic Services Inc. | 1.08% | 66,947 | $14.2M | New |
| ADSK Autodesk Inc. | 1.07% | 47,597 | $14.1M | New |
| WM Waste Management Inc. | 1.06% | 63,470 | $13.9M | New |
| CL Colgate-Palmolive Co. | 1.04% | 172,971 | $13.7M | New |
| BSX Boston Scientific Corp. | 1.04% | 143,279 | $13.7M | New |
| NEXN Nexxen International Ltd. | 1.02% | 2,054,575 | $13.4M | New |
| CSX CSX Corp. | 1.02% | 369,922 | $13.4M | New |
| PANW Palo Alto Networks Inc. | 1.01% | 72,291 | $13.3M | New |
| ZBRA Zebra Technologies Corp. Class A | 1.00% | 54,162 | $13.2M | Reduce -62.8% |
| DHR Danaher Corp. | 1.00% | 57,421 | $13.1M | Add +13.9% |
| JNJ Johnson & Johnson | 0.97% | 61,409 | $12.7M | New |
| CDNS Cadence Design SYS Inc. | 0.96% | 40,446 | $12.6M | Reduce -13.0% |
| CTVA Corteva Inc. | 0.96% | 188,474 | $12.6M | Add +260.6% |
| MPWR Monolithic Power Systems Inc. | 0.94% | 13,650 | $12.4M | Reduce -2.3% |
| PAAS Pan American Silver Corp. | 0.94% | 237,693 | $12.3M | Reduce -11.5% |
| CMG Chipotle Mexican Grill Inc. | 0.93% | 329,452 | $12.2M | Reduce -35.5% |
| AMAT Applied Materials Inc. | 0.92% | 47,015 | $12.1M | New |
| EPAM Epam Systems Inc. | 0.91% | 58,460 | $12.0M | New |
| CLH Clean Harbors Inc. | 0.90% | 50,143 | $11.8M | Reduce -34.7% |
| PTC PTC Inc. | 0.87% | 65,748 | $11.5M | Reduce -8.0% |
| BIRK Birkenstock Holding PLC | 0.87% | 278,020 | $11.4M | Add +16.1% |
| IQV Iqvia Holdings Inc. | 0.86% | 50,330 | $11.3M | Add +34.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.86% | 73,720 | $11.3M | Add +4.1% |
| NOMD Nomad Foods Ltd. | 0.85% | 891,031 | $11.1M | New |
| CCJ Cameco Corp. | 0.84% | 119,920 | $11.0M | New |
| SYY Sysco Corp. | 0.83% | 148,429 | $10.9M | Reduce -46.2% |
| AAPL Apple Inc. | 0.83% | 40,174 | $10.9M | Add +11.4% |
| MRVL Marvell Technology Inc. | 0.76% | 116,901 | $9.9M | New |
| FSLR First Solar Inc. | 0.72% | 36,217 | $9.5M | Reduce -41.0% |
| CRM Salesforce Inc. | 0.70% | 34,670 | $9.2M | Add +33.5% |
| TSLA Tesla Inc. | 0.70% | 20,415 | $9.2M | Reduce -63.2% |
| ROK Rockwell Automation Inc. | 0.70% | 23,484 | $9.1M | Add +4.4% |
| ZTS Zoetis Inc. | 0.67% | 69,858 | $8.8M | Reduce -42.1% |
| WMS Advanced Drainage Systems Inc. | 0.66% | 59,417 | $8.6M | Reduce -66.5% |
| A Agilent Technologies Inc. | 0.65% | 63,112 | $8.6M | Reduce -30.2% |
| ORLY O'reilly Automotive Inc. | 0.61% | 88,096 | $8.0M | New |
| UBER Uber Technologies Inc. | 0.60% | 96,968 | $7.9M | Reduce -39.8% |
| NOW ServiceNow Inc. | 0.57% | 48,705 | $7.5M | Reduce -98.5% |
| PSMT Pricesmart Inc. | 0.57% | 60,785 | $7.5M | New |
| NVT Nvent Electric PLC | 0.56% | 71,722 | $7.3M | Reduce -54.4% |
| VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC | 0.55% | 399,081 | $7.2M | Add +8.7% |
| V Visa Inc. Class A | 0.54% | 20,211 | $7.1M | Add +55.8% |
| NXT Nextpower Inc. | 0.52% | 77,916 | $6.8M | Reduce -81.4% |
| PWR Quanta Services Inc. | 0.51% | 15,939 | $6.7M | New |
| EBAY eBay Inc. | 0.51% | 76,763 | $6.7M | Reduce -27.5% |
| INTU Intuit Inc. | 0.51% | 10,065 | $6.7M | Reduce -29.1% |
| MSCI MSCI Inc. | 0.49% | 11,228 | $6.4M | Reduce -86.6% |
| BRKR Bruker Corp. | 0.49% | 136,224 | $6.4M | New |
| MTZ Mastec Inc. | 0.47% | 28,334 | $6.2M | Reduce -42.9% |
| CPRT Copart Inc. | 0.45% | 150,832 | $5.9M | Reduce -69.3% |
| DAR Darling Ingredients Inc. | 0.44% | 160,505 | $5.8M | Reduce -3.8% |
| TRMB Trimble Inc. | 0.43% | 72,571 | $5.7M | New |
| ETN Eaton Corp. PLC | 0.42% | 17,196 | $5.5M | New |
| ABNB Airbnb Inc. Class A | 0.39% | 37,895 | $5.1M | New |
| WCN Waste Connections Inc. | 0.39% | 29,314 | $5.1M | Reduce -82.0% |
| DDOG Datadog Inc. Class A | 0.36% | 34,850 | $4.7M | New |
| ADBE Adobe Inc. | 0.36% | 13,500 | $4.7M | Add +35.0% |
| HPE Hewlett Packard Enterprise | 0.36% | 196,481 | $4.7M | New |
| SSNC Ss&c Technologies Holdings | 0.35% | 52,000 | $4.5M | New |
| HPQ HP Inc. | 0.34% | 199,377 | $4.4M | New |
| ACN Accenture PLC Class A | 0.33% | 16,250 | $4.4M | New |
| MKTX Marketaxess Holdings Inc. | 0.32% | 23,500 | $4.3M | Add +64.9% |
| GPN Global Payments Inc. | 0.32% | 54,250 | $4.2M | Reduce -37.6% |
| IEX Idex Corp. | 0.29% | 21,634 | $3.8M | Reduce -83.0% |
| CP Canadian Pacific Kansas City | 0.28% | 50,584 | $3.7M | New |
| AGCO Agco Corp. | 0.28% | 35,399 | $3.7M | Reduce -69.2% |
| SPSC SPS Commerce Inc. | 0.27% | 40,493 | $3.6M | Reduce -38.5% |
| CMS CMS Energy Corp. | 0.27% | 50,769 | $3.6M | Add +59.2% |
| PNR Pentair PLC | 0.27% | 33,877 | $3.5M | Reduce -22.1% |
| TTEK Tetra Tech Inc. | 0.27% | 104,898 | $3.5M | New |
| SYK Stryker Corp. | 0.27% | 10,000 | $3.5M | No change |
| NDAQ Nasdaq Inc. | 0.27% | 36,000 | $3.5M | New |
| LW Lamb Weston Holdings Inc. | 0.26% | 82,266 | $3.4M | Reduce -17.6% |
Options reported separately and not counted above: GOOGL calls ($17.7M), MSFT calls ($13.3M), NFLX calls ($9.6M), CYTK calls ($5.7M), NCLH calls ($2.2M), UPST calls ($2.0M).
Other holdings (61): bonds, preferreds, convertibles and warrants · $656.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 33,397,000 | $34.4M | Add +1012.5% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 30,038,000 | $32.1M | Add +1265.4% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 29,624,000 | $31.2M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 27,895,000 | $28.7M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 24,877,000 | $27.3M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 22,390,000 | $25.4M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 27,528,000 | $24.7M | Add +69.5% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 22,442,000 | $22.5M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 16,896,000 | $21.0M | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 15,493,000 | $20.6M | New |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 20,482,000 | $20.5M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 19,041,000 | $19.6M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 20,940,000 | $19.3M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 19,394,000 | $19.0M | New |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 18,088,000 | $17.4M | Add +5381.2% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 17,811,000 | $16.4M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 19,792,000 | $15.7M | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 16,416,000 | $15.5M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 13,939,000 | $14.9M | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 13,740,000 | $14.2M | New |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 14,248,000 | $13.8M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 9,390,000 | $11.9M | New |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 10,650,000 | $11.9M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 8,953,000 | $11.6M | New |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 10,096,000 | $11.1M | New |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 1,955,000 | $10.4M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 10,152,000 | $10.1M | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 6,202,000 | $6.8M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 5,831,000 | $6.7M | New |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 6,415,000 | $6.7M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 6,300,000 | $6.5M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 5,750,000 | $6.1M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 5,400,000 | $6.1M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 4,169,000 | $5.9M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 5,462,000 | $5.8M | New |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 5,624,000 | $5.8M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 6,100,000 | $5.4M | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 5,405,000 | $5.3M | New |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 5,144,000 | $5.0M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 5,309,000 | $4.8M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 4,800,000 | $4.6M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 4,448,000 | $4.5M | New |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 4,600,000 | $4.4M | New |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 4,160,000 | $4.3M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 3,898,000 | $3.8M | New |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 3,795,000 | $3.3M | New |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 3,659,000 | $3.3M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 3,750,000 | $3.3M | New |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 3,588,000 | $3.3M | New |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 3,374,000 | $3.3M | New |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 3,002,000 | $3.0M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 2,950,000 | $2.9M | New |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 1,781,000 | $2.5M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 2,500,000 | $2.3M | New |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 2,300,000 | $2.2M | New |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 2,200,000 | $2.2M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 1,400,000 | $1.6M | Reduce -68.5% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 1,605,000 | $1.6M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 894,000 | $916K | New |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 362,000 | $358K | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 330,000 | $329K | New |
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −5.72 |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | Sold out | 0.00% | −3.43 |
| NXT Nextpower Inc. | Reduce -81.4% | 0.52% | −1.93 |
| UNITY SOFTWARE INC (U 0 11/15/26) | Sold out | 0.00% | −1.86 |
| MSCI MSCI Inc. | Reduce -86.6% | 0.49% | −1.80 |
| RAPID7 INC (RPD 1.25 03/15/29) | Sold out | 0.00% | −1.72 |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | Sold out | 0.00% | −1.60 |
| LIN Linde PLC | Sold out | 0.00% | −1.42 |
| XYL Xylem Inc. | Reduce -45.0% | 1.45% | −1.32 |
| PARSONS CORP (PSN 2.625 03/01/29) | Sold out | 0.00% | −1.30 |
| CMG Chipotle Mexican Grill Inc. | Reduce -35.5% | 0.93% | −1.30 |
| TREX Trex Company Inc. | Reduce -83.0% | 0.16% | −1.17 |
| SPGI S&P Global Inc. | Reduce -98.1% | 1.89% | −1.15 |
| TSLA Tesla Inc. | Reduce -63.2% | 0.70% | −1.12 |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | Sold out | 0.00% | −1.10 |
| CPRT Copart Inc. | Reduce -69.3% | 0.45% | −1.04 |
| ACM Aecom | Reduce -26.6% | 1.25% | −1.02 |
| SYY Sysco Corp. | Reduce -46.2% | 0.83% | −1.01 |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | Sold out | 0.00% | −1.00 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.83 |
| NOW ServiceNow Inc. | Reduce -98.5% | 0.57% | −0.81 |
| IEX Idex Corp. | Reduce -83.0% | 0.29% | −0.78 |
| WCN Waste Connections Inc. | Reduce -82.0% | 0.39% | −0.77 |
| WMS Advanced Drainage Systems Inc. | Reduce -66.5% | 0.66% | −0.70 |
| PYPL PayPal Holdings Inc. | Reduce -71.2% | 0.24% | −0.70 |
| AGCO Agco Corp. | Reduce -69.2% | 0.28% | −0.63 |
| LKQ LKQ Corp. | Sold out | 0.00% | −0.61 |
| NVT Nvent Electric PLC | Reduce -54.4% | 0.56% | −0.59 |
| ABT Abbott Laboratories | Reduce -76.8% | 0.17% | −0.59 |
| UBER Uber Technologies Inc. | Reduce -39.8% | 0.60% | −0.56 |
| PAGS Pagseguro Digital Ltd. Class A | Reduce -31.1% | 0.19% | −0.48 |
| FLUOR CORP (FLR 1.125 08/15/29) | Sold out | 0.00% | −0.46 |
| ETSY INC (ETSY 0.25 06/15/28) | Sold out | 0.00% | −0.45 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -62.8% | 1.00% | −0.45 |
| JD.COM INC (JD 0.25 06/01/29) | Sold out | 0.00% | −0.44 |
| CLH Clean Harbors Inc. | Reduce -34.7% | 0.90% | −0.42 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.39 |
| ZTS Zoetis Inc. | Reduce -42.1% | 0.67% | −0.35 |
| SW Smurfit Westrock PLC | Reduce -18.4% | 1.13% | −0.35 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.32 |
| MTZ Mastec Inc. | Reduce -42.9% | 0.47% | −0.31 |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | Sold out | 0.00% | −0.31 |
| AWK American Water Works Co. Inc. | Reduce -51.4% | 0.26% | −0.29 |
| FSLR First Solar Inc. | Reduce -41.0% | 0.72% | −0.28 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.26 |
| CDNS Cadence Design SYS Inc. | Reduce -13.0% | 0.96% | −0.24 |
| SPSC SPS Commerce Inc. | Reduce -38.5% | 0.27% | −0.23 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.22 |
| GRPN Groupon Inc. | Reduce -56.9% | 0.11% | −0.22 |
| GPN Global Payments Inc. | Reduce -37.6% | 0.32% | −0.21 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | New | 4.86% | +4.86 |
| AMZN Amazon.com Inc. | New | 4.21% | +4.21 |
| MFC Manulife Financial Corp. | Add +760.0% | 1.91% | +1.72 |
| MRK Merck & Co. Inc. | New | 1.65% | +1.65 |
| STLD Steel Dynamics Inc. | New | 1.57% | +1.57 |
| WPM Wheaton Precious Metals Corp. | New | 1.33% | +1.33 |
| LLY Eli Lilly & Co. | New | 1.32% | +1.32 |
| LIN Linde Inc. | New | 1.25% | +1.25 |
| QXO Qxo Inc. | New | 1.25% | +1.25 |
| REGN Regeneron Pharmaceuticals | New | 1.23% | +1.23 |
| VRSK Verisk Analytics Inc. | New | 1.15% | +1.15 |
| AVGO Broadcom Inc. | New | 1.12% | +1.12 |
| RSG Republic Services Inc. | New | 1.08% | +1.08 |
| ADSK Autodesk Inc. | New | 1.07% | +1.07 |
| WM Waste Management Inc. | New | 1.06% | +1.06 |
| CL Colgate-Palmolive Co. | New | 1.04% | +1.04 |
| BSX Boston Scientific Corp. | New | 1.04% | +1.04 |
| NEXN Nexxen International Ltd. | New | 1.02% | +1.02 |
| CSX CSX Corp. | New | 1.02% | +1.02 |
| PANW Palo Alto Networks Inc. | New | 1.01% | +1.01 |
| JNJ Johnson & Johnson | New | 0.97% | +0.97 |
| VRT Vertiv Holdings Co. Class A | Add +399.1% | 1.18% | +0.96 |
| AMAT Applied Materials Inc. | New | 0.92% | +0.92 |
| EPAM Epam Systems Inc. | New | 0.91% | +0.91 |
| NOMD Nomad Foods Ltd. | New | 0.85% | +0.85 |
| MDT Medtronic PLC | Add +303.8% | 1.11% | +0.84 |
| CCJ Cameco Corp. | New | 0.84% | +0.84 |
| MRVL Marvell Technology Inc. | New | 0.76% | +0.76 |
| CTVA Corteva Inc. | Add +260.6% | 0.96% | +0.70 |
| ORLY O'reilly Automotive Inc. | New | 0.61% | +0.61 |
| PSMT Pricesmart Inc. | New | 0.57% | +0.57 |
| DE Deere & Co. | Add +75.8% | 1.20% | +0.55 |
| PWR Quanta Services Inc. | New | 0.51% | +0.51 |
| BRKR Bruker Corp. | New | 0.49% | +0.49 |
| AMD Advanced Micro Devices | Add +27.7% | 1.12% | +0.48 |
| ECL Ecolab Inc. | Add +30.1% | 2.04% | +0.45 |
| TRMB Trimble Inc. | New | 0.43% | +0.43 |
| ETN Eaton Corp. PLC | New | 0.42% | +0.42 |
| ABNB Airbnb Inc. Class A | New | 0.39% | +0.39 |
| DDOG Datadog Inc. Class A | New | 0.36% | +0.36 |
| HPE Hewlett Packard Enterprise | New | 0.36% | +0.36 |
| SSNC Ss&c Technologies Holdings | New | 0.35% | +0.35 |
| HPQ HP Inc. | New | 0.34% | +0.34 |
| IQV Iqvia Holdings Inc. | Add +34.1% | 0.86% | +0.34 |
| ACN Accenture PLC Class A | New | 0.33% | +0.33 |
| CP Canadian Pacific Kansas City | New | 0.28% | +0.28 |
| TTEK Tetra Tech Inc. | New | 0.27% | +0.27 |
| NDAQ Nasdaq Inc. | New | 0.27% | +0.27 |
| DHR Danaher Corp. | Add +13.9% | 1.00% | +0.26 |
| JKHY Jack Henry & Associates Inc. | New | 0.25% | +0.25 |
Options Activity Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | call | New | 56,400 | $17.7M |
| MSFT Microsoft Corp. | call | New | 27,400 | $13.3M |
| FOUR SHIFT4 Payments Inc. Class A | call | Sold out | 139,800 | $10.8Mbefore exit |
| EBAY eBay Inc. | call | Sold out | 20,100 | $10.4Mbefore exit |
| NFLX Netflix Inc. | call | New | 102,200 | $9.6M |
| CYTK Cytokinetics Inc. | call | New | 89,000 | $5.7M |
| NCLH Norwegian Cruise Line Holdin | call | New | 97,500 | $2.2M |
| UPST Upstart Holdings Inc. | call | New | 46,800 | $2.0M |
| LCID Lucid Group Inc. | call | Sold out | 51,800 | $1.2Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| RIVN Rivian Automotive Inc. Class A | COM CL A · principal | Sold out | 45,323,000 | $53.9Mbefore exit |
| DUK Duke Energy Corp. | COM NEW · principal | Sold out | 34,947,000 | $37.6Mbefore exit |
| COIN Coinbase Global Inc. Class A | COM CL A · principal | Sold out | 28,456,000 | $35.8Mbefore exit |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +1012.5% | 33,397,000 | $34.4M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Add +1265.4% | 30,038,000 | $32.1M |
| XYL Xylem Inc. | COM · principal | Sold out | 28,438,000 | $31.6Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 29,624,000 | $31.2M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 27,895,000 | $28.7M |
| NIO Nio Inc. - ADR | SPON ADS · principal | Sold out | 26,087,000 | $27.8Mbefore exit |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 24,877,000 | $27.3M |
| URI United Rentals Inc. | COM · principal | Sold out | 28,128,000 | $25.8Mbefore exit |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 22,390,000 | $25.4M |
| MPWR Monolithic Power Systems Inc. | COM · principal | Sold out | 22,677,000 | $25.1Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +69.5% | 27,528,000 | $24.7M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 22,442,000 | $22.5M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 16,896,000 | $21.0M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | New | 15,493,000 | $20.6M |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | New | 20,482,000 | $20.5M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 19,041,000 | $19.6M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 20,940,000 | $19.3M |
| PCG P G & E Corp. | COM · principal | Sold out | 19,041,000 | $19.3Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 19,394,000 | $19.0M |
| TREX Trex Company Inc. | COM · principal | Sold out | 19,247,000 | $18.7Mbefore exit |
| JD Jd.com Inc.-ADR | SPON ADS CL A · principal | Sold out | 17,192,000 | $18.5Mbefore exit |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +5381.2% | 18,088,000 | $17.4M |
| SO The Southern Co. | COM · principal | Sold out | 14,757,000 | $16.7Mbefore exit |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | New | 17,811,000 | $16.4M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 19,792,000 | $15.7M |
| PSN Parsons Corp. | COM · principal | Sold out | 13,740,000 | $15.7Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 16,416,000 | $15.5M |
| FISV Fiserv Inc. | COM · principal | Sold out | 11,933,000 | $15.4Mbefore exit |
| VLTO Veralto Corp. | COM SHS · principal | Sold out | 18,931,000 | $15.0Mbefore exit |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | New | 13,939,000 | $14.9M |
| DHR Danaher Corp. | COM · principal | Sold out | 13,460,000 | $14.8Mbefore exit |
| DECK Deckers Outdoor Corp. | COM · principal | Sold out | 10,443,000 | $14.7Mbefore exit |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | Sold out | 10,866,000 | $14.4Mbefore exit |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 13,740,000 | $14.2M |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | New | 14,248,000 | $13.8M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Sold out | 11,230,000 | $13.4Mbefore exit |
| TJX TJX Companies Inc. | COM · principal | Sold out | 10,346,000 | $12.2Mbefore exit |
| SPSC SPS Commerce Inc. | COM · principal | Sold out | 5,023,000 | $12.1Mbefore exit |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | New | 9,390,000 | $11.9M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | New | 10,650,000 | $11.9M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 8,953,000 | $11.6M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | New | 10,096,000 | $11.1M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | New | 1,955,000 | $10.4M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 10,152,000 | $10.1M |
| TSLA Tesla Inc. | COM · principal | Sold out | 10,152,000 | $9.9Mbefore exit |
| IONS Ionis Pharmaceuticals Inc. | COM · principal | Sold out | 6,494,000 | $9.0Mbefore exit |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | New | 6,202,000 | $6.8M |
Showing the first 50 of 113.
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 |