LPL Financial LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), LPL Financial LLC reported 5,150 stock positions worth $256.9 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 2.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 2.0%) and Apple (AAPL, 1.8%). Compared with Q4 2024, it opened 247 new positions, sold out of 193, added to 3,250 and reduced 1,588. The biggest buy was Vanguard Short-Term Tips (VTIP, shares +790%) and the biggest sale iShares Core S&P Midcap ETF (IJH, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- FORT MILL, SC
- CIK
- 0001403438
- Portfolio Value
- $256.9B (Q1 2025)
- SEC Filing
- 0001403438-25-000003 ↗ filed May 7, 2025
Holdings Value
Holdings 5,150 stocks · $256.9B
| IVV iShares Core S&P 500 ETF | 2.32% | 10,584,897 | $5.9B | Add +3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.97% | 9,047,948 | $5.1B | Add +1.1% |
| AAPL Apple Inc. | 1.76% | 20,389,500 | $4.5B | Add +3.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.74% | 9,545,155 | $4.5B | Add +0.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.39% | 12,996,720 | $3.6B | Add +0.7% |
| MSFT Microsoft Corp. | 1.23% | 8,384,908 | $3.1B | Add +5.7% |
| NVDA Nvidia Corp. | 1.22% | 28,890,061 | $3.1B | Add +5.1% |
| QUAL iShares MSCI USA Quality Fac | 1.21% | 18,186,643 | $3.1B | Add +7.8% |
| VOO Vanguard S&P 500 ETF | 1.13% | 5,670,710 | $2.9B | Add +4.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.13% | 36,070,856 | $2.9B | Add +6.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.07% | 41,960,691 | $2.8B | Add +6.7% |
| IEFA iShares Core MSCI Eafe ETF | 1.07% | 36,222,496 | $2.7B | Reduce -6.7% |
| AMZN Amazon.com Inc. | 0.99% | 13,407,443 | $2.5B | Add +6.2% |
| GOVT iShares US Treasury Bond ETF | 0.92% | 102,991,608 | $2.4B | Reduce -8.9% |
| MBB iShares MBS ETF | 0.89% | 24,262,602 | $2.3B | Add +11.0% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.86% | 48,049,515 | $2.2B | Add +7.6% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.85% | 42,792,448 | $2.2B | Add +3.4% |
| IEMG iShares Core MSCI Emerging | 0.72% | 34,433,455 | $1.9B | Add +40.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.72% | 4,964,202 | $1.8B | Reduce -3.2% |
| IVW iShares S&P 500 Growth ETF | 0.68% | 18,929,345 | $1.8B | Add +5.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.67% | 9,985,009 | $1.7B | Add +4.6% |
| IJR iShares Core S&P Small-Cap E | 0.65% | 15,897,788 | $1.7B | Add +1.6% |
| IUSG iShares Core S&P U.S. Growth | 0.65% | 13,079,412 | $1.7B | Reduce -14.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 2,943,391 | $1.6B | Add +10.0% |
| XLK SS Technology Select Sector | 0.59% | 7,392,315 | $1.5B | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 0.57% | 25,091,712 | $1.5B | Reduce -41.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.56% | 7,457,233 | $1.4B | Add +5.7% |
| SPIB SS SPDR P Int C Corp. ETF | 0.55% | 42,232,183 | $1.4B | Add +10.2% |
| META Meta Platforms Inc. Class A | 0.54% | 2,425,822 | $1.4B | Add +7.3% |
| RDVY First Trust Rising Dividend | 0.54% | 23,686,574 | $1.4B | Add +11.2% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.54% | 28,291,120 | $1.4B | Add +12.8% |
| IWM iShares Russell 2000 ETF | 0.54% | 6,896,876 | $1.4B | Reduce -1.7% |
| VEA Vanguard Ftse Developed ETF | 0.53% | 27,006,416 | $1.4B | Reduce -0.1% |
| IUSV iShares Core S&P U.S. Value | 0.52% | 14,434,118 | $1.3B | Add +4.4% |
| IVE iShares S&P 500 Value ETF | 0.52% | 6,977,283 | $1.3B | Add +32.2% |
| VIG Vanguard Dividend Apprec ETF | 0.47% | 6,285,425 | $1.2B | Add +4.5% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.47% | 40,522,599 | $1.2B | Add +14.5% |
| IWF iShares Russell 1000 Growth | 0.46% | 3,280,071 | $1.2B | Add +4.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.45% | 21,229,420 | $1.2B | Add +2.6% |
| BND Vanguard Total Bond Market | 0.45% | 15,761,081 | $1.2B | Add +3.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.45% | 12,500,373 | $1.1B | Add +8.8% |
| GLD SPDR Gold Shares | 0.44% | 3,912,435 | $1.1B | Add +13.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.44% | 30,733,565 | $1.1B | Add +9.6% |
| GOOGL Alphabet Inc. Class A | 0.43% | 7,074,160 | $1.1B | Add +7.4% |
| SPTI SS SPDR P Int Term TSY ETF | 0.43% | 38,247,130 | $1.1B | Reduce -0.4% |
| SCHD Schwab US DVD Equity ETF | 0.42% | 38,785,482 | $1.1B | Add +6.8% |
| JPM JPMorgan Chase & Co. | 0.42% | 4,391,622 | $1.1B | Add +9.3% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.41% | 29,452,035 | $1.0B | Add +34.0% |
| XLF SS Financial Select Sector | 0.41% | 21,067,825 | $1.0B | Add +11.1% |
| MUB iShares National Muni Bond E | 0.41% | 9,936,130 | $1.0B | Add +3.1% |
| DGRW Wisdomtree U.S. Quality Divi | 0.40% | 12,792,685 | $1.0B | Add +6.6% |
| XLV SS Health Care Select Sector | 0.39% | 6,935,385 | $1.0B | Add +2.9% |
| AGG iShares Core U.S. Aggregate | 0.38% | 9,948,608 | $984.1M | Add +7.3% |
| DGRO iShares Core Dividend Growth | 0.38% | 15,697,592 | $969.8M | Add +6.4% |
| V Visa Inc. Class A | 0.36% | 2,647,278 | $926.0M | Add +5.6% |
| COST Costco Wholesale Corp. | 0.36% | 975,377 | $922.5M | Add +6.7% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.36% | 22,433,333 | $914.4M | Add +6.7% |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 5,260,788 | $911.3M | Add +20.5% |
| AVGO Broadcom Inc. | 0.35% | 5,319,616 | $890.7M | Add +6.8% |
| EFV iShares MSCI Eafe Value ETF | 0.35% | 15,058,000 | $887.5M | Reduce -12.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.33% | 3,826,253 | $848.5M | Add +1.0% |
| LLY Eli Lilly & Co. | 0.33% | 1,020,851 | $842.5M | Add +7.5% |
| GOOG Alphabet Inc. Class C | 0.32% | 5,313,955 | $830.2M | Add +6.2% |
| FVD First Trust Value Line DVD | 0.31% | 17,658,134 | $787.4M | Add +0.2% |
| SDVY First Trust Smid Cap Rising | 0.30% | 23,374,014 | $783.0M | Add +6.6% |
| CGGR Cap Group Growth Equity | 0.30% | 22,834,860 | $782.1M | Add +36.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.30% | 2,970,441 | $768.2M | Reduce -2.1% |
| JPST JPMorgan Ultra-Short Income | 0.30% | 15,159,206 | $767.5M | Add +19.4% |
| VCIT Vanguard Int-Term Corporate | 0.30% | 9,352,667 | $764.7M | Reduce -17.2% |
| IYW iShares Ustechnology ETF | 0.29% | 5,335,760 | $749.4M | Add +4.4% |
| IWD iShares Russell 1000 Value E | 0.29% | 3,949,393 | $743.1M | Add +6.2% |
| VYM Vanguard High DVD Yield ETF | 0.29% | 5,760,304 | $742.8M | Add +2.1% |
| VTIP Vanguard Short-Term Tips | 0.29% | 14,856,970 | $741.4M | Add +789.9% |
| VONV Vanguard Russell 1000 Value | 0.29% | 8,977,710 | $741.0M | Add +488.3% |
| IWB iShares Russell 1000 ETF | 0.29% | 2,401,110 | $736.5M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.28% | 4,298,916 | $712.9M | Add +8.5% |
| TSLA Tesla Inc. | 0.28% | 2,750,951 | $712.5M | Add +4.9% |
| VGT Vanguard Info Tech ETF | 0.27% | 1,292,568 | $701.1M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.27% | 5,842,283 | $694.8M | Add +5.6% |
| FTCS First Trust Capital Strength | 0.27% | 7,664,395 | $687.0M | Add +1.6% |
| VWO Vanguard Ftse Emerging Marke | 0.26% | 14,926,353 | $675.6M | Add +5.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.26% | 13,097,106 | $670.3M | Add +1.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.26% | 1,595,471 | $669.9M | Reduce -1.0% |
| SPHQ Invesco S&P 500 Quality ETF | 0.26% | 10,044,254 | $666.3M | Add +15.2% |
| HD Home Depot Inc. | 0.26% | 1,816,074 | $665.6M | Add +7.1% |
| ABBV Abbvie Inc. | 0.26% | 3,172,248 | $664.6M | Add +7.3% |
| IAU iShares Gold Trust | 0.26% | 11,182,842 | $659.3M | Add +29.6% |
| WMT Walmart Inc. | 0.25% | 7,459,426 | $654.9M | Add +9.6% |
| USFR Wisdomtree Floating Rate Tre | 0.25% | 12,794,277 | $643.9M | Add +1.5% |
| ITOT iShares Core S&P Total U.S. | 0.25% | 5,253,679 | $641.0M | Add +3.1% |
| XLI SS Industrial Select Sector | 0.25% | 4,862,738 | $637.4M | Add +4.1% |
| NFLX Netflix Inc. | 0.25% | 679,661 | $633.0M | Add +13.9% |
| XLE SS Energy Select Sector | 0.24% | 6,730,761 | $629.0M | Reduce -6.3% |
| SCHG Schwab US Large-Cap Growth | 0.24% | 24,607,170 | $616.2M | Add +11.6% |
| MOAT Vaneck Morningstar Wide Moat | 0.24% | 6,986,164 | $614.8M | Reduce -4.1% |
| VONG Vanguard Russell 1000 Growth | 0.24% | 6,602,552 | $612.7M | Add +19.5% |
| PG The Procter & Gamble Co. | 0.24% | 3,549,612 | $604.9M | Add +7.8% |
| SGOV iShares 0-3 Month Treasury B | 0.23% | 5,943,668 | $598.3M | Add +40.3% |
| CVX Chevron Corp. | 0.23% | 3,553,406 | $594.4M | Add +6.5% |
| SPAB SS SPDR P Agg Bond ETF | 0.23% | 23,043,191 | $588.5M | Reduce -10.3% |
Options reported separately and not counted above: QQQ puts ($66.7M), SPY puts ($55.3M), SPY calls ($9.7M), AAPL puts ($8.4M), LNC puts ($5.8M), MSFT puts ($4.5M), NVDA calls ($4.2M), SMH calls ($4.1M), C puts ($3.4M), BTU puts ($3.3M), AMZN puts ($3.1M), HAL puts ($3.1M), and 125 more.
Other holdings (57): bonds, preferreds, convertibles and warrants · $26.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 7,651 | $9.4M | Reduce -21.4% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,760 | $8.1M | Reduce -5.5% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 38,088 | $3.2M | New |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 73,379 | $1.8M | Add +9.3% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 32,334 | $970K | Add +5.6% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 11,060 | $538K | Add +2.8% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 29,555 | $507K | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 17,747 | $491K | Reduce -19.0% |
| OXBRW Oxbridge Re Holdings-CW24 | *W EXP 03/26/202 | 713,852 | $271K | Add +0.1% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 5,733 | $235K | Reduce -74.9% |
| HUMAW Humacyte Inc.-CW27 | *W EXP 08/27/202 | 279,115 | $103K | Reduce -6.5% |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 23,500 | $86K | No change |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 60,000 | $56K | New |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 41,000 | $41K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 17,163 | $39K | Reduce -37.6% |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | 45,000 | $38K | No change |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 36,000 | $36K | Reduce -10.0% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 14,000 | $34K | No change |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 12,100 | $33K | Reduce -47.6% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 34,000 | $33K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 120,500 | $29K | No change |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 29,000 | $28K | No change |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 24,000 | $27K | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 24,000 | $26K | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 20,000 | $26K | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 23,000 | $26K | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 30,000 | $25K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 24,000 | $24K | Reduce -22.6% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 26,000 | $23K | No change |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 25,000 | $22K | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 22,000 | $22K | No change |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 16,000 | $19K | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 18,000 | $18K | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 17,000 | $18K | No change |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 21,000 | $18K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 18,000 | $18K | No change |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 17,000 | $16K | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 12,000 | $15K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 17,000 | $15K | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 15,000 | $15K | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 14,000 | $13K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 13,000 | $12K | Reduce -18.8% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 10,000 | $11K | No change |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 10,000 | $10K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 11,000 | $10K | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 14,000 | $10K | No change |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 10,000 | $10K | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 10,000 | $10K | No change |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 10,000 | $8K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 32,500 | $8K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 12,600 | $5K | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 16,000 | $4K | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | 8,793 | $3K | Reduce -5.8% |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 29,345 | $496 | New |
| OUSTW Ouster Inc.-28 | *W EXP 09/29/202 | 14,505 | $425 | Reduce -5.8% |
| NVVEW Nuvve Holding Corp.-CW26 | *W EXP 03/19/202 | 10,000 | $172 | No change |
| MSPRW MSP Recovery Inc. -27 | *W EXP 05/20/202 | 14,098 | $44 | New |
Total filed on the 13F, all lines: $256.9B.
Portfolio Sells Q4 2024 → Q1 2025
| IJH iShares Core S&P Midcap ETF | Reduce -41.0% | 0.57% | −0.51 |
| IUSG iShares Core S&P U.S. Growth | Reduce -14.5% | 0.65% | −0.22 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.2% | 0.72% | −0.14 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -37.2% | 0.22% | −0.14 |
| GOVT iShares US Treasury Bond ETF | Reduce -8.9% | 0.92% | −0.14 |
| XLK SS Technology Select Sector | Reduce -1.1% | 0.59% | −0.11 |
| IWM iShares Russell 2000 ETF | Reduce -1.7% | 0.54% | −0.10 |
| VCIT Vanguard Int-Term Corporate | Reduce -17.2% | 0.30% | −0.07 |
| VGT Vanguard Info Tech ETF | Reduce -2.5% | 0.27% | −0.06 |
| TLT iShares 20+ Year Treasury BD | Reduce -27.5% | 0.16% | −0.06 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -16.8% | 0.18% | −0.05 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -6.7% | 1.07% | −0.04 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -23.6% | 0.07% | −0.04 |
| ESGU iShares ESG Aware MSCI USA | Reduce -37.7% | 0.05% | −0.04 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -20.4% | 0.10% | −0.04 |
| ILCB iShares Morningstar U.S. Equ | Reduce -85.0% | 0.01% | −0.04 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -4.1% | 0.24% | −0.04 |
| XLY SS Consumer Disc Select Sect | Reduce -6.2% | 0.13% | −0.03 |
| IFRA iShares US Infrastructure | Reduce -61.2% | 0.02% | −0.03 |
| DFAC Dimensional US Core Equity 2 | Reduce -4.4% | 0.22% | −0.03 |
| IWY iShares Russell Top 200 Grow | Reduce -1.4% | 0.18% | −0.03 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -10.3% | 0.23% | −0.03 |
| SMH Vaneck Semiconductor ETF | Reduce -0.5% | 0.16% | −0.03 |
| IWB iShares Russell 1000 ETF | Reduce -0.7% | 0.29% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -10.7% | 0.19% | −0.03 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -2.8% | 0.18% | −0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -2.8% | 0.22% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.1% | 0.30% | −0.03 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -4.4% | 0.12% | −0.03 |
| PFFD Global X US Preferred ETF | Reduce -30.8% | 0.04% | −0.02 |
| FIXD First Trust Smith Opportunis | Reduce -13.0% | 0.13% | −0.02 |
| EFV iShares MSCI Eafe Value ETF | Reduce -12.4% | 0.35% | −0.02 |
| ADBE Adobe Inc. | Reduce -9.4% | 0.06% | −0.02 |
| SYFI AB SHRT Duration HGH YLD ETF | Reduce -66.7% | 0.01% | −0.02 |
| OMFL Invesco Russell 1000 DYN M/F | Reduce -19.9% | 0.06% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -1.0% | 0.26% | −0.02 |
| JHMM John Hancock Multi Fact Mid | Reduce -7.5% | 0.09% | −0.02 |
| TGT Target Corp. | Reduce -18.5% | 0.02% | −0.02 |
| EZM Wisdomtree US Midcap Fund | Reduce -75.3% | 0.00% | −0.02 |
| JNK SS SPDR BB High Yield Bond | Reduce -23.8% | 0.04% | −0.02 |
| URA Global X Uranium ETF | Reduce -52.9% | 0.01% | −0.01 |
| XSVM Invesco S&P Smallcap Value W | Reduce -27.0% | 0.02% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -6.5% | 0.03% | −0.01 |
| BLV Vanguard Long-Term Bond ETF | Reduce -12.6% | 0.08% | −0.01 |
| VRT Vertiv Holdings Co. Class A | Reduce -7.0% | 0.02% | −0.01 |
| FV First Trust DW Focus 5 Fund | Reduce 0.0% | 0.10% | −0.01 |
| VOOG Vanguard S&P 500 Growth ETF | Reduce -3.4% | 0.06% | −0.01 |
| ARKK ARK Innovation ETF | Reduce -4.5% | 0.04% | −0.01 |
| APP AppLovin Corp. Class A | Reduce -24.7% | 0.02% | −0.01 |
| DES Wisdomtree US Smallcap Divid | Reduce -27.7% | 0.02% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VTIP Vanguard Short-Term Tips | Add +789.9% | 0.29% | +0.26 |
| VONV Vanguard Russell 1000 Value | Add +488.3% | 0.29% | +0.24 |
| IEMG iShares Core MSCI Emerging | Add +40.0% | 0.72% | +0.20 |
| IGF iShares Global Infrastructur | Add +5323.6% | 0.18% | +0.17 |
| TLH iShares 10-20 Year Treasury | Add +142.6% | 0.22% | +0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +10.0% | 0.61% | +0.12 |
| PDBC Invesco Optimum Yield Divers | Add +405.4% | 0.14% | +0.11 |
| IVE iShares S&P 500 Value ETF | Add +32.2% | 0.52% | +0.11 |
| SLYV SS SPDR S&P 600 SC Val ETF | Add +238.6% | 0.16% | +0.10 |
| GLD SPDR Gold Shares | Add +13.5% | 0.44% | +0.10 |
| OEF iShares S&P 100 ETF | Add +126.3% | 0.19% | +0.10 |
| CGDV Cap Group Dividend Value | Add +34.0% | 0.41% | +0.09 |
| IAU iShares Gold Trust | Add +29.6% | 0.26% | +0.08 |
| MBB iShares MBS ETF | Add +11.0% | 0.89% | +0.07 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +145.8% | 0.11% | +0.07 |
| CGUS Cap Group Core Equity | Add +60.8% | 0.19% | +0.06 |
| SGOV iShares 0-3 Month Treasury B | Add +40.3% | 0.23% | +0.06 |
| JAAA Janus Henderson Aaa Clo ETF | Add +47.5% | 0.20% | +0.06 |
| CGGR Cap Group Growth Equity | Add +36.1% | 0.30% | +0.05 |
| JBND JPMorgan Active Bond ETF | Add +101.6% | 0.09% | +0.05 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +9.6% | 0.44% | +0.05 |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | Add +1580.4% | 0.05% | +0.05 |
| PULS Pgim Ultra Short Bond ETF | Add +38.1% | 0.18% | +0.05 |
| ABBV Abbvie Inc. | Add +7.3% | 0.26% | +0.04 |
| VFLO Victoryshares Free Cash Flow | Add +85.6% | 0.10% | +0.04 |
| SPMO Invesco S&P 500 Momentum ETF | Add +64.3% | 0.13% | +0.04 |
| JNJ Johnson & Johnson | Add +8.5% | 0.28% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +20.5% | 0.35% | +0.04 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +7.6% | 0.86% | +0.04 |
| CGCB Cap Group Core Bond | Add +77.2% | 0.10% | +0.04 |
| JPST JPMorgan Ultra-Short Income | Add +19.4% | 0.30% | +0.04 |
| V Visa Inc. Class A | Add +5.6% | 0.36% | +0.04 |
| SPIB SS SPDR P Int C Corp. ETF | Add +10.2% | 0.55% | +0.04 |
| PM Philip Morris International | Add +5.1% | 0.14% | +0.04 |
| XLF SS Financial Select Sector | Add +11.1% | 0.41% | +0.04 |
| CVX Chevron Corp. | Add +6.5% | 0.23% | +0.03 |
| HIMU iShares High Yild Muni A ETF | New | 0.03% | +0.03 |
| FDL First Trust Morn DVD Lead Inc. | Add +17.9% | 0.18% | +0.03 |
| CGCP Cap Group Core Plus Income | Add +45.6% | 0.11% | +0.03 |
| NFLX Netflix Inc. | Add +13.9% | 0.25% | +0.03 |
| LVHI Franklin International Low V | Add +57.0% | 0.08% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +18.9% | 0.14% | +0.03 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +14.5% | 0.47% | +0.03 |
| LLY Eli Lilly & Co. | Add +7.5% | 0.33% | +0.03 |
| CGXU Cap Group Intl Focus | Add +84.8% | 0.07% | +0.03 |
| XOM Exxon Mobil Corp. | Add +5.6% | 0.27% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +9.3% | 0.42% | +0.03 |
| KO The Coca-Cola Co. | Add +13.3% | 0.14% | +0.03 |
| RDVY First Trust Rising Dividend | Add +11.2% | 0.54% | +0.03 |
| LRGG Nomura Focused Large Growth | Add +516.8% | 0.03% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -39.0% | 142,300 | $66.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -14.7% | 98,900 | $55.3M |
| DIA SS SPDR Dow Jones Indus Avg | call | Sold out | 34,300 | $14.6Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +91.2% | 17,400 | $9.7M |
| AAPL Apple Inc. | put | Reduce -16.0% | 37,800 | $8.4M |
| LNC Lincoln National Corp. | put | New | 161,100 | $5.8M |
| MSFT Microsoft Corp. | put | Add +0.8% | 12,100 | $4.5M |
| NVDA Nvidia Corp. | call | Reduce -16.8% | 39,000 | $4.2M |
| SMH Vaneck Semiconductor ETF | call | Add +441.7% | 19,500 | $4.1M |
| PFE Pfizer Inc. | put | Sold out | 150,200 | $4.0Mbefore exit |
| AVGO Broadcom Inc. | put | Sold out | 15,000 | $3.5Mbefore exit |
| C Citigroup Inc. | put | Reduce -59.7% | 47,300 | $3.4M |
| BTU Peabody Energy Corp. | put | New | 244,800 | $3.3M |
| AMZN Amazon.com Inc. | put | Add +6.5% | 16,500 | $3.1M |
| HAL Halliburton Co. | put | New | 123,600 | $3.1M |
| USB US Bancorp | put | New | 63,600 | $2.7M |
| NVDA Nvidia Corp. | put | Add +175.6% | 22,600 | $2.4M |
| META Meta Platforms Inc. Class A | put | Add +10.5% | 4,200 | $2.4M |
| BAC Bank of America Corp. | put | Add +162.8% | 57,300 | $2.4M |
| BABA Alibaba Group Holding-SP ADR | put | Add +32.3% | 17,600 | $2.3M |
| TFC Truist Financial Corp. | put | New | 55,500 | $2.3M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +1100.0% | 4,800 | $2.3M |
| PLTR Palantir Technologies Inc. Class A | put | Add +98.5% | 26,200 | $2.2M |
| NEE Nextera Energy Inc. | put | Sold out | 29,700 | $2.1Mbefore exit |
| APA Apa Corp. | put | New | 95,400 | $2.0M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +6.5% | 3,300 | $1.8M |
| JCI Johnson Controls Internation | call | New | 21,000 | $1.7M |
| IWM iShares Russell 2000 ETF | put | Add +295.2% | 8,300 | $1.7M |
| V Visa Inc. Class A | call | Reduce -10.0% | 4,500 | $1.6M |
| CHRD Chord Energy Corp. | put | Sold out | 13,300 | $1.6Mbefore exit |
| LMT Lockheed Martin Corp. | put | Sold out | 3,200 | $1.6Mbefore exit |
| TSLA Tesla Inc. | call | Add +566.7% | 6,000 | $1.6M |
| GTLS Chart Industries Inc. | put | New | 10,700 | $1.5M |
| QQQM Invesco Nasdaq 100 ETF | put | Add +4.1% | 7,600 | $1.5M |
| NEM Newmont Corp. | put | New | 28,600 | $1.4M |
| SLV iShares Silver Trust | call | Sold out | 50,000 | $1.3Mbefore exit |
| AMZN Amazon.com Inc. | call | Add +116.7% | 6,500 | $1.2M |
| REGN Regeneron Pharmaceuticals | call | Sold out | 1,700 | $1.2Mbefore exit |
| GOOGL Alphabet Inc. Class A | put | Add +22.2% | 7,700 | $1.2M |
| PFE Pfizer Inc. | call | Add +82.4% | 44,500 | $1.1M |
| TSLA Tesla Inc. | put | Add +258.3% | 4,300 | $1.1M |
| JPM JPMorgan Chase & Co. | put | Add +144.4% | 4,400 | $1.1M |
| V Visa Inc. Class A | put | Add +57.9% | 3,000 | $1.1M |
| CRM Salesforce Inc. | put | Add +12.5% | 3,600 | $966K |
| IBM Intl Business Machines Corp. | put | Reduce -36.8% | 3,600 | $895K |
| BABA Alibaba Group Holding-SP ADR | call | New | 6,500 | $859K |
| NFLX Netflix Inc. | call | Reduce -77.5% | 900 | $839K |
| CVS CVS Health Corp. | put | New | 12,300 | $833K |
| ZM Zoom Communications Inc. | call | Sold out | 10,000 | $816Kbefore exit |
| FITB Fifth Third Bancorp | put | New | 19,700 | $772K |
Showing the first 50 of 172.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -21.4% | 7,651 | $9.4M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -5.5% | 6,760 | $8.1M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 38,088 | $3.2M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +9.3% | 73,379 | $1.8M |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Add +5.6% | 32,334 | $970K |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | Add +2.8% | 11,060 | $538K |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | New | 29,555 | $507K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -19.0% | 17,747 | $491K |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | Sold out | 306,000 | $304Kbefore exit |
| OXBRW Oxbridge Re Holdings-CW24 | *W EXP 03/26/202 | Add +0.1% | 713,852 | $271K |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -74.9% | 5,733 | $235K |
| HUMAW Humacyte Inc.-CW27 | *W EXP 08/27/202 | Reduce -6.5% | 279,115 | $103K |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | Sold out | 22,865 | $70Kbefore exit |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | New | 60,000 | $56K |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Reduce -37.6% | 17,163 | $39K |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | Reduce -10.0% | 36,000 | $36K |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Reduce -47.6% | 12,100 | $33K |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Reduce -22.6% | 24,000 | $24K |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -18.8% | 13,000 | $12K |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 11,000 | $11Kbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | Reduce -5.8% | 8,793 | $3K |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | New | 29,345 | $496 |
| OUSTW Ouster Inc.-28 | *W EXP 09/29/202 | Reduce -5.8% | 14,505 | $425 |
| MSPRW MSP Recovery Inc. -27 | *W EXP 05/20/202 | New | 14,098 | $44 |
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 | 5,932 | $444.6B | IVV, QQQ, SPY, AAPL, NVDA |
| Q1 2026 | 5,727 | $376.1B | IVV, SPY, QQQ, AAPL, NVDA |
| Q4 2025 | 5,611 | $365.7B | IVV, SPY, QQQ, AAPL, NVDA |
| Q3 2025 | 5,518 | $342.5B | IVV, SPY, QQQ, NVDA, AAPL |
| Q2 2025 | 5,332 | $299.4B | SPY, IVV, QQQ, NVDA, MSFT |
| Q1 2025 | 5,150 | $256.9B | IVV, SPY, AAPL, QQQ, VTI |
| Q4 2024 | 5,094 | $245.7B | IVV, SPY, AAPL, QQQ, VTI |
| Q3 2024 | 5,019 | $224.0B | IVV, SPY, QQQ, AAPL, VTI |
| Q2 2024 | 4,877 | $200.5B | IVV, SPY, QQQ, AAPL, VTI |
| Q1 2024 | 4,805 | $186.0B | IVV, SPY, QQQ, VTI, AAPL |