LPL Financial LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), LPL Financial LLC reported 5,332 stock positions worth $299.4 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 2.0% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 1.9%) and Invesco QQQ Trust Series 1 (QQQ, 1.9%). Compared with Q1 2025, it opened 319 new positions, sold out of 138, added to 3,391 and reduced 1,556. The biggest buy was Nvidia (NVDA, shares +9%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- FORT MILL, SC
- CIK
- 0001403438
- Portfolio Value
- $299.4B (Q2 2025)
- SEC Filing
- 0001403438-25-000005 ↗ filed Aug 12, 2025
Holdings Value
Holdings 5,332 stocks · $299.4B
| SPY SS SPDR S&P 500 ETF Trust-US | 1.99% | 9,630,183 | $6.0B | Add +6.4% |
| IVV iShares Core S&P 500 ETF | 1.93% | 9,316,636 | $5.8B | Reduce -12.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.87% | 10,153,109 | $5.6B | Add +6.4% |
| NVDA Nvidia Corp. | 1.66% | 31,445,567 | $5.0B | Add +8.8% |
| MSFT Microsoft Corp. | 1.49% | 8,960,405 | $4.5B | Add +6.9% |
| AAPL Apple Inc. | 1.47% | 21,497,413 | $4.4B | Add +5.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.37% | 13,517,198 | $4.1B | Add +4.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.21% | 37,858,343 | $3.6B | Add +5.0% |
| QUAL iShares MSCI USA Quality Fac | 1.19% | 19,465,105 | $3.6B | Add +7.0% |
| VOO Vanguard S&P 500 ETF | 1.16% | 6,115,211 | $3.5B | Add +7.8% |
| AMZN Amazon.com Inc. | 1.09% | 14,855,835 | $3.3B | Add +10.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.09% | 44,732,770 | $3.3B | Add +6.6% |
| IEFA iShares Core MSCI Eafe ETF | 1.06% | 37,945,267 | $3.2B | Add +4.8% |
| IEMG iShares Core MSCI Emerging | 0.86% | 42,885,143 | $2.6B | Add +24.5% |
| GOVT iShares US Treasury Bond ETF | 0.81% | 105,719,785 | $2.4B | Add +2.6% |
| MBB iShares MBS ETF | 0.79% | 25,351,019 | $2.4B | Add +4.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.79% | 45,142,578 | $2.4B | Add +5.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.78% | 5,335,797 | $2.3B | Add +7.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.73% | 47,236,444 | $2.2B | Reduce -1.7% |
| IUSG iShares Core S&P U.S. Growth | 0.69% | 13,644,205 | $2.1B | Add +4.3% |
| IVW iShares S&P 500 Growth ETF | 0.69% | 18,628,952 | $2.1B | Reduce -1.6% |
| QQQM Invesco Nasdaq 100 ETF | 0.67% | 8,794,378 | $2.0B | Add +17.9% |
| META Meta Platforms Inc. Class A | 0.65% | 2,651,212 | $2.0B | Add +9.3% |
| XLK SS Technology Select Sector | 0.64% | 7,580,637 | $1.9B | Add +2.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.61% | 10,341,422 | $1.8B | Add +3.6% |
| IJR iShares Core S&P Small-Cap E | 0.59% | 16,264,673 | $1.8B | Add +2.3% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.59% | 32,173,645 | $1.8B | Add +13.7% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.57% | 42,860,196 | $1.7B | Add +45.5% |
| RDVY First Trust Rising Dividend | 0.54% | 25,895,165 | $1.6B | Add +9.3% |
| IJH iShares Core S&P Midcap ETF | 0.54% | 25,959,512 | $1.6B | Add +3.5% |
| VEA Vanguard Ftse Developed ETF | 0.53% | 28,085,455 | $1.6B | Add +4.0% |
| AVGO Broadcom Inc. | 0.53% | 5,727,824 | $1.6B | Add +7.7% |
| IVE iShares S&P 500 Value ETF | 0.52% | 7,911,905 | $1.5B | Add +13.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 3,182,333 | $1.5B | Add +8.1% |
| IWM iShares Russell 2000 ETF | 0.51% | 7,052,906 | $1.5B | Add +2.3% |
| SPIB SS SPDR P Int C Corp. ETF | 0.50% | 44,869,616 | $1.5B | Add +6.3% |
| IWF iShares Russell 1000 Growth | 0.49% | 3,489,415 | $1.5B | Add +6.4% |
| EFV iShares MSCI Eafe Value ETF | 0.48% | 22,704,102 | $1.4B | Add +50.8% |
| IUSV iShares Core S&P U.S. Value | 0.48% | 15,189,334 | $1.4B | Add +5.2% |
| JPM JPMorgan Chase & Co. | 0.46% | 4,799,864 | $1.4B | Add +9.3% |
| GOOGL Alphabet Inc. Class A | 0.45% | 7,725,205 | $1.4B | Add +9.2% |
| VIG Vanguard Dividend Apprec ETF | 0.45% | 6,509,697 | $1.3B | Add +3.6% |
| GLD SPDR Gold Shares | 0.43% | 4,234,425 | $1.3B | Add +8.2% |
| SPTI SS SPDR P Int Term TSY ETF | 0.42% | 44,173,644 | $1.3B | Add +15.5% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.42% | 39,789,726 | $1.3B | Reduce -1.8% |
| CGGR Cap Group Growth Equity | 0.41% | 30,043,695 | $1.2B | Add +31.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.41% | 30,006,248 | $1.2B | Reduce -2.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.40% | 13,136,942 | $1.2B | Add +5.1% |
| BND Vanguard Total Bond Market | 0.40% | 16,286,869 | $1.2B | Add +3.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.40% | 21,569,753 | $1.2B | Add +1.6% |
| DGRO iShares Core Dividend Growth | 0.38% | 17,607,648 | $1.1B | Add +12.2% |
| MUB iShares National Muni Bond E | 0.37% | 10,574,675 | $1.1B | Add +6.4% |
| XLF SS Financial Select Sector | 0.37% | 20,888,469 | $1.1B | Reduce -0.8% |
| COST Costco Wholesale Corp. | 0.35% | 1,072,379 | $1.1B | Add +9.9% |
| DGRW Wisdomtree U.S. Quality Divi | 0.35% | 12,468,833 | $1.0B | Reduce -2.5% |
| NFLX Netflix Inc. | 0.35% | 777,459 | $1.0B | Add +14.4% |
| SCHD Schwab US DVD Equity ETF | 0.35% | 39,215,993 | $1.0B | Add +1.1% |
| AGG iShares Core U.S. Aggregate | 0.35% | 10,438,250 | $1.0B | Add +4.9% |
| GOOG Alphabet Inc. Class C | 0.34% | 5,704,311 | $1.0B | Add +7.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.33% | 23,401,632 | $996.9M | Add +4.3% |
| V Visa Inc. Class A | 0.33% | 2,801,797 | $994.8M | Add +5.8% |
| TSLA Tesla Inc. | 0.33% | 3,074,360 | $976.6M | Add +11.8% |
| IYW iShares Ustechnology ETF | 0.31% | 5,416,010 | $938.4M | Add +1.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.31% | 3,925,111 | $930.2M | Add +2.6% |
| RSP Invesco S&P 500 Equal Weight | 0.31% | 5,069,864 | $921.4M | Reduce -3.6% |
| XLV SS Health Care Select Sector | 0.31% | 6,833,969 | $921.2M | Reduce -1.5% |
| VONV Vanguard Russell 1000 Value | 0.29% | 10,190,509 | $868.3M | Add +13.5% |
| JPST JPMorgan Ultra-Short Income | 0.29% | 16,914,662 | $857.2M | Add +11.6% |
| LLY Eli Lilly & Co. | 0.28% | 1,079,737 | $841.7M | Add +5.8% |
| VTIP Vanguard Short-Term Tips | 0.28% | 16,610,699 | $835.0M | Add +11.8% |
| IWB iShares Russell 1000 ETF | 0.28% | 2,447,669 | $831.2M | Add +1.9% |
| SDVY First Trust Smid Cap Rising | 0.28% | 23,536,432 | $830.4M | Add +0.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 2,966,756 | $830.2M | Reduce -0.1% |
| VYM Vanguard High DVD Yield ETF | 0.27% | 6,165,984 | $822.0M | Add +7.0% |
| OEF iShares S&P 100 ETF | 0.27% | 2,679,008 | $815.4M | Add +48.9% |
| SCHG Schwab US Large-Cap Growth | 0.27% | 27,854,880 | $813.6M | Add +13.2% |
| SPHQ Invesco S&P 500 Quality ETF | 0.27% | 11,370,990 | $810.3M | Add +13.2% |
| IWD iShares Russell 1000 Value E | 0.27% | 4,165,225 | $809.0M | Add +5.5% |
| VGT Vanguard Info Tech ETF | 0.27% | 1,216,227 | $806.7M | Reduce -5.9% |
| VCIT Vanguard Int-Term Corporate | 0.27% | 9,699,317 | $804.3M | Add +3.7% |
| VONG Vanguard Russell 1000 Growth | 0.27% | 7,307,001 | $797.9M | Add +10.7% |
| VWO Vanguard Ftse Emerging Marke | 0.26% | 16,011,662 | $791.9M | Add +7.3% |
| FVD First Trust Value Line DVD | 0.26% | 17,691,185 | $790.8M | Add +0.2% |
| USFR Wisdomtree Floating Rate Tre | 0.26% | 15,587,844 | $784.2M | Add +21.8% |
| WMT Walmart Inc. | 0.25% | 7,755,412 | $758.3M | Add +4.0% |
| FTCS First Trust Capital Strength | 0.25% | 8,139,650 | $739.8M | Add +6.2% |
| ITOT iShares Core S&P Total U.S. | 0.25% | 5,466,061 | $738.1M | Add +4.0% |
| SGOV iShares 0-3 Month Treasury B | 0.24% | 7,203,964 | $725.4M | Add +21.2% |
| TLH iShares 10-20 Year Treasury | 0.24% | 7,091,751 | $720.5M | Add +32.3% |
| HD Home Depot Inc. | 0.24% | 1,960,949 | $719.0M | Add +8.0% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.24% | 13,109,446 | $713.2M | Add +20.8% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.23% | 1,590,807 | $701.0M | Reduce -0.3% |
| XLC SS Comm Select Sector SPDR | 0.23% | 6,439,543 | $698.9M | Add +16.7% |
| JNJ Johnson & Johnson | 0.23% | 4,535,241 | $692.8M | Add +5.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.23% | 12,667,377 | $688.9M | Reduce -3.3% |
| EFG iShares MSCI Eafe Growth ETF | 0.23% | 6,074,325 | $680.3M | Add +5.7% |
| IAU iShares Gold Trust | 0.23% | 10,900,901 | $679.8M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.23% | 6,295,268 | $678.6M | Add +7.8% |
| PLTR Palantir Technologies Inc. Class A | 0.22% | 4,907,430 | $669.0M | Add +15.3% |
| ABBV Abbvie Inc. | 0.21% | 3,432,852 | $637.2M | Add +8.2% |
Options reported separately and not counted above: QQQ puts ($109.6M), SPY puts ($80.6M), AAPL puts ($9.6M), SPY calls ($8.8M), C puts ($7.0M), MSFT puts ($6.0M), NVDA calls ($5.7M), NVDA puts ($5.0M), TFC puts ($4.8M), ACN puts ($4.6M), AMZN puts ($4.4M), META puts ($4.4M), and 148 more.
Other holdings (56): bonds, preferreds, convertibles and warrants · $50.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 211,576 | $25.6M | Add +455.5% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 8,290 | $10.1M | Add +8.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,854 | $8.0M | Add +1.4% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 82,771 | $2.0M | Add +12.8% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 22,334 | $696K | Reduce -30.9% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 11,060 | $540K | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 7,816 | $531K | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 28,900 | $507K | Reduce -2.2% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 19,246 | $399K | Add +8.4% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 7,003 | $375K | New |
| OXBRW Oxbridge Re Holdings-CW24 | *W EXP 03/26/202 | 713,852 | $236K | No change |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 5,455 | $210K | New |
| HUMAW Humacyte Inc.-CW27 | *W EXP 08/27/202 | 259,115 | $101K | Reduce -7.2% |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 22,865 | $91K | New |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 18,186 | $66K | Add +6.0% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 60,000 | $57K | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 33,000 | $38K | Add +230.0% |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | 45,000 | $38K | No change |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 29,000 | $28K | Reduce -14.7% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 24,000 | $26K | No change |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 29,000 | $26K | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 30,000 | $26K | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 24,000 | $25K | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 23,000 | $25K | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 26,000 | $24K | No change |
| USA RARE EARTH INC | *W EXP 03/13/203 | 10,270 | $24K | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 20,000 | $24K | No change |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 25,000 | $23K | 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 | $18K | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 18,000 | $18K | No change |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 21,000 | $18K | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 17,000 | $17K | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 12,000 | $17K | No change |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 17,000 | $16K | 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 | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 14,000 | $11K | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 10,000 | $11K | No change |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 10,000 | $10K | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 10,000 | $10K | New |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 10,000 | $9K | Reduce -9.1% |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 20,000 | $9K | New |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 10,000 | $8K | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | 22,495 | $7K | Add +155.8% |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 12,600 | $6K | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 16,000 | $4K | No change |
| LMP CAPITAL AND INCOME FUND | RIGHT 07/11/2025 | 29,220 | $2K | Reduce -5.7% |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 23,000 | $2K | Reduce -80.9% |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 29,345 | $596 | No change |
| OUSTW Ouster Inc.-28 | *W EXP 09/29/202 | 14,505 | $550 | No change |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | 12,003 | $404 | New |
| NVVEW Nuvve Holding Corp.-CW26 | *W EXP 03/19/202 | 10,000 | $247 | No change |
| MSPRW MSP Recovery Inc. -27 | *W EXP 05/20/202 | 14,098 | $32 | No change |
Total filed on the 13F, all lines: $299.5B.
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -12.0% | 1.93% | −0.38 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -1.7% | 0.73% | −0.13 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -67.0% | 0.06% | −0.12 |
| XLV SS Health Care Select Sector | Reduce -1.5% | 0.31% | −0.09 |
| XLE SS Energy Select Sector | Reduce -1.4% | 0.19% | −0.06 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -2.5% | 0.35% | −0.05 |
| RSP Invesco S&P 500 Equal Weight | Reduce -3.6% | 0.31% | −0.05 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -1.8% | 0.42% | −0.05 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -32.1% | 0.07% | −0.04 |
| XLF SS Financial Select Sector | Reduce -0.8% | 0.37% | −0.04 |
| PGX Invesco Preferred ETF | Reduce -54.8% | 0.03% | −0.04 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -3.8% | 0.19% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -22.9% | 0.04% | −0.04 |
| XLI SS Industrial Select Sector | Reduce -12.4% | 0.21% | −0.04 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -6.1% | 0.21% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -0.5% | 0.19% | −0.03 |
| FIXD First Trust Smith Opportunis | Reduce -12.8% | 0.09% | −0.03 |
| FTSM First Trust Enh Short Mat FD | Reduce -0.6% | 0.18% | −0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -3.3% | 0.23% | −0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -2.4% | 0.41% | −0.03 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -12.1% | 0.08% | −0.03 |
| IAU iShares Gold Trust | Reduce -2.5% | 0.23% | −0.03 |
| PULS Pgim Ultra Short Bond ETF | Reduce -1.2% | 0.16% | −0.03 |
| UCON First Trust Smith Unconstrai | Reduce -10.5% | 0.09% | −0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -0.3% | 0.23% | −0.03 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -5.3% | 0.16% | −0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -2.4% | 0.12% | −0.02 |
| IHDG Wisdomtree International Hed | Reduce -12.6% | 0.08% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -12.1% | 0.11% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.1% | 0.28% | −0.02 |
| TFLO iShares Treasury Floating Ra | Reduce -2.7% | 0.10% | −0.02 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -12.3% | 0.08% | −0.02 |
| KRE SS SPDR S&P Regional Bank | Reduce -56.4% | 0.01% | −0.02 |
| IWX iShares Russell Top 200 Valu | Reduce -87.3% | 0.00% | −0.02 |
| DLN Wisdomtree US Largecap Divid | Reduce -6.1% | 0.09% | −0.02 |
| QYLD Global X Nasd 100 Cov Call | Reduce -8.5% | 0.07% | −0.02 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -3.6% | 0.08% | −0.02 |
| VHT Vanguard Health Care ETF | Reduce -0.9% | 0.06% | −0.02 |
| PFFD Global X US Preferred ETF | Reduce -26.5% | 0.03% | −0.02 |
| AMLP Alerian MLP ETF | Reduce -5.3% | 0.05% | −0.02 |
| SPHD Invesco S&P 500 High Dividen | Reduce -10.9% | 0.04% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -1.0% | 0.08% | −0.01 |
| USHY iShares Broad Usd High Yield | Reduce -9.7% | 0.05% | −0.01 |
| PAYX Paychex Inc. | Reduce -11.4% | 0.04% | −0.01 |
| XYLD Global X S&P 500 Cove Call E | Reduce -9.5% | 0.04% | −0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -0.6% | 0.20% | −0.01 |
| ADP Automatic Data Processing | Reduce -3.8% | 0.06% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -1.0% | 0.07% | −0.01 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -3.7% | 0.02% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +8.8% | 1.66% | +0.44 |
| MSFT Microsoft Corp. | Add +6.9% | 1.49% | +0.26 |
| AVGO Broadcom Inc. | Add +7.7% | 0.53% | +0.18 |
| THRO iShares U.S. Thematic Rotati | Add +812.5% | 0.19% | +0.16 |
| CGDV Cap Group Dividend Value | Add +45.5% | 0.57% | +0.16 |
| IEMG iShares Core MSCI Emerging | Add +24.5% | 0.86% | +0.14 |
| EFV iShares MSCI Eafe Value ETF | Add +50.8% | 0.48% | +0.14 |
| QQQ Invesco QQQ Trust Series 1 | Add +6.4% | 1.87% | +0.13 |
| IAGG iShares Intl Aggregate Bond | Add +687.8% | 0.14% | +0.12 |
| META Meta Platforms Inc. Class A | Add +9.3% | 0.65% | +0.11 |
| QQQM Invesco Nasdaq 100 ETF | Add +17.9% | 0.67% | +0.11 |
| CGGR Cap Group Growth Equity | Add +31.6% | 0.41% | +0.10 |
| NFLX Netflix Inc. | Add +14.4% | 0.35% | +0.10 |
| AMZN Amazon.com Inc. | Add +10.8% | 1.09% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +15.3% | 0.22% | +0.08 |
| OEF iShares S&P 100 ETF | Add +48.9% | 0.27% | +0.08 |
| JMTG Mortgage-Backed Securities | New | 0.08% | +0.08 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +5.0% | 1.21% | +0.08 |
| SPMO Invesco S&P 500 Momentum ETF | Add +49.3% | 0.20% | +0.07 |
| BAI Ishrs AI in and Tech Act ETF | Add +2433.8% | 0.07% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +7.5% | 0.78% | +0.06 |
| TSLA Tesla Inc. | Add +11.8% | 0.33% | +0.05 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +13.7% | 0.59% | +0.05 |
| ORCL Oracle Corp. | Add +6.6% | 0.16% | +0.05 |
| XLK SS Technology Select Sector | Add +2.5% | 0.64% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +9.3% | 0.46% | +0.05 |
| IUSG iShares Core S&P U.S. Growth | Add +4.3% | 0.69% | +0.04 |
| LRGG Nomura Focused Large Growth | Add +130.4% | 0.07% | +0.04 |
| SMH Vaneck Semiconductor ETF | Add +8.7% | 0.19% | +0.04 |
| STIP iShares 0-5 Year Tips Bond E | Add +79.7% | 0.10% | +0.03 |
| JBND JPMorgan Active Bond ETF | Add +58.2% | 0.13% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +16.6% | 0.11% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +6.4% | 0.49% | +0.03 |
| SCHG Schwab US Large-Cap Growth | Add +13.2% | 0.27% | +0.03 |
| JGRO JPMorgan Active Growth ETF | Add +24.9% | 0.16% | +0.03 |
| MTUM iShares MSCI USA Momentum Fa | Add +17.4% | 0.18% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.2% | 0.12% | +0.03 |
| CGDG Cap Group Dividend Growers | Add +103.3% | 0.06% | +0.03 |
| NOW ServiceNow Inc. | Add +31.3% | 0.09% | +0.03 |
| BUFF Innovator Laddered Allocatio | Add +224.9% | 0.04% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +9.2% | 0.45% | +0.03 |
| VONG Vanguard Russell 1000 Growth | Add +10.7% | 0.27% | +0.03 |
| IBM Intl Business Machines Corp. | Add +18.3% | 0.16% | +0.03 |
| ITA iShares U.S. Aerospace & Def | Add +34.2% | 0.09% | +0.03 |
| GEV GE Vernova Inc. | Add +37.8% | 0.05% | +0.03 |
| XLC SS Comm Select Sector SPDR | Add +16.7% | 0.23% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +7.8% | 1.16% | +0.03 |
| AMD Advanced Micro Devices | Add +9.1% | 0.11% | +0.03 |
| TLH iShares 10-20 Year Treasury | Add +32.3% | 0.24% | +0.02 |
| CRWV Coreweave Inc. Class A | Add +2844.8% | 0.02% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | put | Add +39.6% | 198,600 | $109.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +31.9% | 130,400 | $80.6M |
| AAPL Apple Inc. | put | Add +24.1% | 46,900 | $9.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -18.4% | 14,200 | $8.8M |
| C Citigroup Inc. | put | Add +73.6% | 82,100 | $7.0M |
| NVDA Nvidia Corp. | call | Reduce -7.7% | 36,000 | $5.7M |
| NVDA Nvidia Corp. | put | Add +39.4% | 31,500 | $5.0M |
| TFC Truist Financial Corp. | put | Add +100.4% | 111,200 | $4.8M |
| ACN Accenture PLC Class A | put | Add +1000.0% | 15,400 | $4.6M |
| AMZN Amazon.com Inc. | put | Add +21.2% | 20,000 | $4.4M |
| META Meta Platforms Inc. Class A | put | Add +40.5% | 5,900 | $4.4M |
| QQQ Invesco QQQ Trust Series 1 | call | Add +52.1% | 7,300 | $4.0M |
| PLTR Palantir Technologies Inc. Class A | put | Reduce -1.5% | 25,800 | $3.5M |
| HAL Halliburton Co. | put | Sold out | 123,600 | $3.1Mbefore exit |
| XLK SS Technology Select Sector | put | Add +414.3% | 10,800 | $2.7M |
| USB US Bancorp | put | Reduce -6.5% | 59,500 | $2.7M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +54.5% | 5,100 | $2.5M |
| V Visa Inc. Class A | call | Add +31.1% | 5,900 | $2.1M |
| CVS CVS Health Corp. | put | Add +139.8% | 29,500 | $2.0M |
| BAC Bank of America Corp. | put | Reduce -28.4% | 41,000 | $1.9M |
| LNC Lincoln National Corp. | put | Reduce -66.2% | 54,400 | $1.9M |
| PSX Phillips 66 | put | New | 15,000 | $1.8M |
| PLTR Palantir Technologies Inc. Class A | call | Add +45.5% | 12,800 | $1.7M |
| PFE Pfizer Inc. | call | Add +60.7% | 71,500 | $1.7M |
| GOOGL Alphabet Inc. Class A | put | Add +15.6% | 8,900 | $1.6M |
| GTLS Chart Industries Inc. | put | Sold out | 10,700 | $1.5Mbefore exit |
| BTU Peabody Energy Corp. | put | Reduce -55.7% | 108,400 | $1.5M |
| IWM iShares Russell 2000 ETF | put | Reduce -22.9% | 6,400 | $1.4M |
| NEM Newmont Corp. | put | Sold out | 28,600 | $1.4Mbefore exit |
| AAPL Apple Inc. | call | New | 6,600 | $1.4M |
| BA The Boeing Co. | put | New | 5,800 | $1.2M |
| BG Bunge Global SA | put | New | 14,200 | $1.1M |
| CRM Salesforce Inc. | put | Add +11.1% | 4,000 | $1.1M |
| BABA Alibaba Group Holding-SP ADR | put | Reduce -46.0% | 9,500 | $1.1M |
| IBM Intl Business Machines Corp. | put | Reduce -5.6% | 3,400 | $1.0M |
| WMT Walmart Inc. | put | Add +10.6% | 9,400 | $919K |
| EFA iShares MSCI Eafe ETF | put | Add +60.3% | 10,100 | $903K |
| TSLA Tesla Inc. | put | Reduce -34.9% | 2,800 | $889K |
| MAR Marriott International Class A | put | New | 3,200 | $874K |
| NFLX Netflix Inc. | call | Sold out | 900 | $839Kbefore exit |
| RTX RTX Corp. | put | Add +42.5% | 5,700 | $832K |
| AVGO Broadcom Inc. | call | New | 3,000 | $827K |
| NFLX Netflix Inc. | put | New | 600 | $803K |
| QQQM Invesco Nasdaq 100 ETF | put | Reduce -54.0% | 3,500 | $795K |
| TSLA Tesla Inc. | call | Reduce -58.3% | 2,500 | $794K |
| NET Cloudflare Inc. Class A | call | Add +100.0% | 4,000 | $783K |
| CRM Salesforce Inc. | call | Add +40.0% | 2,800 | $764K |
| GOOG Alphabet Inc. Class C | put | Add +2.4% | 4,200 | $745K |
| JPM JPMorgan Chase & Co. | put | Reduce -43.2% | 2,500 | $725K |
| NFE New Fortress Energy Inc. | put | Sold out | 85,700 | $712Kbefore exit |
Showing the first 50 of 184.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +455.5% | 211,576 | $25.6M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +8.3% | 8,290 | $10.1M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.4% | 6,854 | $8.0M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +12.8% | 82,771 | $2.0M |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -30.9% | 22,334 | $696K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 7,816 | $531K |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Reduce -2.2% | 28,900 | $507K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +8.4% | 19,246 | $399K |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 7,003 | $375K |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 5,733 | $235Kbefore exit |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | New | 5,455 | $210K |
| HUMAW Humacyte Inc.-CW27 | *W EXP 08/27/202 | Reduce -7.2% | 259,115 | $101K |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | New | 22,865 | $91K |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | Sold out | 23,500 | $86Kbefore exit |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Add +6.0% | 18,186 | $66K |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 41,000 | $41Kbefore exit |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Add +230.0% | 33,000 | $38K |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | Sold out | 36,000 | $36Kbefore exit |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 14,000 | $34Kbefore exit |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Sold out | 12,100 | $33Kbefore exit |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Reduce -14.7% | 29,000 | $28K |
| USA RARE EARTH INC | *W EXP 03/13/203 | New | 10,270 | $24K |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 24,000 | $24Kbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | Sold out | 18,000 | $18Kbefore exit |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 10,000 | $10Kbefore exit |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | New | 10,000 | $10K |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -9.1% | 10,000 | $9K |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | New | 20,000 | $9K |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | Sold out | 32,500 | $8Kbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | Add +155.8% | 22,495 | $7K |
| LMP CAPITAL AND INCOME FUND | RIGHT 07/11/2025 | Reduce -5.7% | 29,220 | $2K |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | Reduce -80.9% | 23,000 | $2K |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | New | 12,003 | $404 |
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 |