LPL Financial LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), LPL Financial LLC reported 5,611 stock positions worth $365.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 2.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 1.9%) and Invesco QQQ Trust Series 1 (QQQ, 1.8%). Compared with Q3 2025, it opened 291 new positions, sold out of 202, added to 3,190 and reduced 2,064. The biggest buy was Alphabet Class A (GOOGL, shares +4%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- FORT MILL, SC
- CIK
- 0001403438
- Portfolio Value
- $365.7B (Q4 2025)
- SEC Filing
- 0001403438-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 5,611 stocks · $365.7B
| IVV iShares Core S&P 500 ETF | 1.96% | 10,482,560 | $7.2B | Add +3.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.90% | 10,170,761 | $6.9B | Add +2.3% |
| QQQ Invesco QQQ Trust Series 1 | 1.80% | 10,729,287 | $6.6B | Add +1.6% |
| AAPL Apple Inc. | 1.75% | 23,606,189 | $6.4B | Add +3.3% |
| NVDA Nvidia Corp. | 1.69% | 33,155,918 | $6.2B | Add +1.1% |
| MSFT Microsoft Corp. | 1.32% | 10,008,020 | $4.8B | Add +5.3% |
| VTI VG Morningstar TS MKT ETF-US | 1.29% | 14,079,780 | $4.7B | Add +2.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.17% | 40,217,777 | $4.3B | Add +2.6% |
| VOO Vanguard S&P 500 ETF | 1.17% | 6,814,280 | $4.3B | Add +7.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.13% | 51,511,055 | $4.1B | Add +6.3% |
| AMZN Amazon.com Inc. | 1.04% | 16,490,779 | $3.8B | Add +3.9% |
| IEFA iShares Core MSCI Eafe ETF | 1.00% | 40,788,933 | $3.6B | Add +4.6% |
| IEMG iShares Core MSCI Emerging | 0.96% | 52,461,199 | $3.5B | Add +11.6% |
| QUAL iShares MSCI USA Quality Fac | 0.88% | 16,176,100 | $3.2B | Reduce -12.7% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.78% | 50,099,107 | $2.8B | Add +7.9% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.76% | 63,490,640 | $2.8B | Add +20.7% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.75% | 45,131,519 | $2.7B | Add +10.4% |
| GOVT iShares US Treasury Bond ETF | 0.75% | 119,087,423 | $2.7B | Add +7.1% |
| GOOGL Alphabet Inc. Class A | 0.74% | 8,696,371 | $2.7B | Add +3.5% |
| QQQM Invesco Nasdaq 100 ETF | 0.74% | 10,725,891 | $2.7B | Add +9.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.73% | 5,490,898 | $2.7B | Add +0.4% |
| MBB iShares MBS ETF | 0.73% | 27,903,169 | $2.7B | Add +4.1% |
| IVW iShares S&P 500 Growth ETF | 0.67% | 19,816,481 | $2.4B | Add +1.8% |
| IUSG iShares Core S&P U.S. Growth | 0.65% | 14,224,602 | $2.4B | Add +1.4% |
| IVE iShares S&P 500 Value ETF | 0.64% | 11,013,259 | $2.3B | Add +28.9% |
| XLK SS Technology Select Sector | 0.63% | 15,977,154 | $2.3B | Add +4.0% |
| AVGO Broadcom Inc. | 0.60% | 6,344,128 | $2.2B | Add +4.5% |
| RDVY First Trust Rising Dividend | 0.58% | 30,504,116 | $2.1B | Add +10.5% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.58% | 45,507,455 | $2.1B | Add +2.2% |
| IJR iShares Core S&P Small-Cap E | 0.58% | 17,525,618 | $2.1B | Add +6.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.56% | 10,741,631 | $2.1B | Add +1.5% |
| CGGR Cap Group Growth Equity | 0.55% | 45,411,053 | $2.0B | Add +17.7% |
| META Meta Platforms Inc. Class A | 0.55% | 3,036,669 | $2.0B | Add +5.8% |
| GOOG Alphabet Inc. Class C | 0.53% | 6,140,287 | $1.9B | Add +2.9% |
| IJH iShares Core S&P Midcap ETF | 0.53% | 29,123,810 | $1.9B | Add +5.1% |
| GLD SPDR Gold Shares | 0.52% | 4,809,271 | $1.9B | Add +5.6% |
| IWM iShares Russell 2000 ETF | 0.50% | 7,446,977 | $1.8B | Add +1.1% |
| VEA Vanguard Ftse Developed ETF | 0.49% | 28,541,648 | $1.8B | Add +0.3% |
| IWF iShares Russell 1000 Growth | 0.49% | 3,755,659 | $1.8B | Add +1.7% |
| JPM JPMorgan Chase & Co. | 0.48% | 5,459,824 | $1.8B | Add +4.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 3,367,406 | $1.7B | Add +2.3% |
| IUSV iShares Core S&P U.S. Value | 0.46% | 16,406,531 | $1.7B | Add +3.6% |
| SPIB SS SPDR P Int C Corp. ETF | 0.45% | 49,056,429 | $1.7B | Add +5.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.45% | 37,343,862 | $1.7B | Add +9.7% |
| OEF iShares S&P 100 ETF | 0.42% | 4,530,269 | $1.6B | Add +6.9% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.42% | 44,621,823 | $1.5B | Add +6.2% |
| VIG Vanguard Dividend Apprec ETF | 0.42% | 6,909,821 | $1.5B | Add +0.5% |
| TSLA Tesla Inc. | 0.40% | 3,233,277 | $1.5B | Add +2.6% |
| SPTI SS SPDR P Int Term TSY ETF | 0.38% | 48,812,099 | $1.4B | Add +3.6% |
| AGG iShares Core U.S. Aggregate | 0.38% | 14,085,361 | $1.4B | Add +19.6% |
| EFV iShares MSCI Eafe Value ETF | 0.38% | 19,536,098 | $1.4B | Reduce -5.8% |
| BND Vanguard Total Bond Market | 0.38% | 18,586,676 | $1.4B | Add +5.5% |
| DGRO iShares Core Dividend Growth | 0.36% | 18,763,346 | $1.3B | Add +3.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.35% | 26,990,277 | $1.3B | Add +5.3% |
| LLY Eli Lilly & Co. | 0.34% | 1,171,562 | $1.3B | Add +4.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.33% | 13,175,217 | $1.2B | Reduce -0.5% |
| XLF SS Financial Select Sector | 0.33% | 21,725,623 | $1.2B | Reduce -10.1% |
| MUB iShares National Muni Bond E | 0.33% | 11,099,309 | $1.2B | Add +6.0% |
| COWZ Pacer US Cash Cows 100 ETF | 0.31% | 18,708,533 | $1.1B | Reduce -8.5% |
| IAU iShares Gold Trust | 0.30% | 13,742,286 | $1.1B | Add +1.5% |
| SCHG Schwab US Large-Cap Growth | 0.30% | 34,166,654 | $1.1B | Add +7.8% |
| DGRW Wisdomtree U.S. Quality Divi | 0.30% | 12,219,587 | $1.1B | Reduce -1.2% |
| VONV Vanguard Russell 1000 Value | 0.29% | 11,418,321 | $1.1B | Add +8.5% |
| RSP Invesco S&P 500 Equal Weight | 0.29% | 5,486,948 | $1.1B | Add +7.1% |
| JNJ Johnson & Johnson | 0.29% | 5,042,090 | $1.0B | Add +1.1% |
| V Visa Inc. Class A | 0.28% | 2,958,488 | $1.0B | Add +1.6% |
| XLV SS Health Care Select Sector | 0.28% | 6,563,313 | $1.0B | Add +2.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.28% | 3,913,394 | $1.0B | Reduce -1.3% |
| VONG Vanguard Russell 1000 Growth | 0.27% | 8,174,197 | $995.2M | Add +6.4% |
| JPST JPMorgan Ultra-Short Income | 0.27% | 19,620,900 | $992.6M | Add +8.0% |
| WMT Walmart Inc. | 0.27% | 8,851,299 | $986.1M | Add +8.4% |
| VGT Vanguard Info Tech ETF | 0.27% | 1,301,922 | $981.4M | Add +3.1% |
| VYM Vanguard High DVD Yield ETF | 0.27% | 6,820,119 | $978.8M | Add +5.3% |
| SMH Vaneck Semiconductor ETF | 0.27% | 2,709,875 | $975.9M | Add +12.7% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.26% | 23,734,177 | $954.8M | Add +19.2% |
| SDVY First Trust Smid Cap Rising | 0.26% | 24,892,169 | $953.9M | Add +4.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 3,282,244 | $952.6M | Add +3.6% |
| ITOT iShares Core S&P Total U.S. | 0.26% | 6,324,224 | $940.3M | Add +5.1% |
| TLH iShares 10-20 Year Treasury | 0.26% | 9,244,997 | $939.9M | Reduce -1.3% |
| COST Costco Wholesale Corp. | 0.25% | 1,066,337 | $919.5M | Reduce -1.5% |
| IWB iShares Russell 1000 ETF | 0.25% | 2,451,013 | $915.3M | Add +0.1% |
| VTIP Vanguard Short-Term Tips | 0.25% | 18,490,336 | $914.5M | Add +6.0% |
| VCIT Vanguard Int-Term Corporate | 0.25% | 10,895,493 | $912.5M | Add +5.9% |
| IWD iShares Russell 1000 Value E | 0.25% | 4,290,502 | $902.5M | Add +2.1% |
| SPHQ Invesco S&P 500 Quality ETF | 0.24% | 11,917,365 | $894.4M | Reduce -9.1% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 4,985,788 | $886.2M | Reduce -1.1% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 16,478,310 | $885.9M | Add +1.4% |
| SGOV iShares 0-3 Month Treasury B | 0.24% | 8,796,355 | $883.0M | Add +11.3% |
| SCHD Schwab US DVD Equity ETF | 0.24% | 32,153,434 | $882.0M | Reduce -11.4% |
| XOM Exxon Mobil Corp. | 0.24% | 7,323,696 | $881.3M | Add +6.0% |
| ABBV Abbvie Inc. | 0.24% | 3,853,097 | $880.4M | Add +3.2% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.24% | 14,883,554 | $865.0M | Add +4.1% |
| MTUM iShares MSCI USA Momentum Fa | 0.23% | 3,291,857 | $824.0M | Add +24.7% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.23% | 15,610,462 | $823.8M | Add +10.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.22% | 1,649,992 | $792.9M | Add +2.4% |
| FVD First Trust Value Line DVD | 0.22% | 17,207,162 | $792.9M | Reduce -2.8% |
| SPMO Invesco S&P 500 Momentum ETF | 0.22% | 6,624,488 | $790.4M | Add +2.8% |
| THRO iShares U.S. Thematic Rotati | 0.21% | 20,374,968 | $785.7M | Add +10.1% |
| BAI Ishrs AI in and Tech Act ETF | 0.21% | 23,406,351 | $779.4M | Add +17.8% |
| XLI SS Industrial Select Sector | 0.21% | 4,914,079 | $762.3M | Add +2.1% |
Options reported separately and not counted above: SPY puts ($113.1M), QQQ puts ($23.3M), SPY calls ($19.2M), APP puts ($15.0M), AAPL puts ($14.0M), META puts ($10.8M), COST puts ($8.2M), MSFT puts ($7.2M), LNC puts ($5.8M), AMZN puts ($5.6M), MOS puts ($5.5M), MARA puts ($5.2M), and 199 more.
Other holdings (47): bonds, preferreds, convertibles and warrants · $47.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 258,356 | $20.3M | Add +3.8% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 7,661 | $9.3M | Add +5.1% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 7,338 | $9.2M | Add +0.6% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 114,164 | $2.8M | Add +12.5% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 19,446 | $1.3M | Add +47.2% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 14,578 | $866K | New |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 11,290 | $555K | Add +2.1% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 8,984 | $524K | Add +13.0% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 14,251 | $426K | Reduce -5.3% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 8,195 | $425K | Reduce -3.0% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 20,147 | $388K | Add +1.3% |
| OXBRW Oxbridge Re Holdings-CW24 | *W EXP 03/26/202 | 713,852 | $142K | No change |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 22,865 | $119K | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 84,000 | $95K | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 65,000 | $93K | Reduce -14.5% |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | 11,600 | $89K | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 76,000 | $79K | Reduce -14.6% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 81,000 | $77K | Reduce -14.7% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 21,318 | $57K | Add +26.2% |
| CRMLW Critical Metals Corp.-28 | *W EXP 02/27/202 | 20,000 | $55K | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 47,000 | $51K | Reduce -25.4% |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 51,675 | $47K | Add +10.0% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 33,000 | $35K | Reduce -15.4% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 33,000 | $34K | New |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 34,000 | $33K | Reduce -19.1% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 30,000 | $31K | Reduce -31.8% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 23,000 | $30K | Reduce -20.7% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 32,000 | $29K | Reduce -39.6% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 23,000 | $28K | Reduce -20.7% |
| CRESW Cresud Saci-CW26 | *W EXP 03/09/202 | 22,000 | $28K | No change |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 51,663 | $27K | New |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 29,000 | $26K | No change |
| HUMAW Humacyte Inc.-CW27 | *W EXP 08/27/202 | 259,115 | $24K | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 23,000 | $23K | Reduce -30.3% |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 51,666 | $21K | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 18,000 | $18K | Reduce -25.0% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 15,000 | $18K | New |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 21,500 | $17K | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 17,000 | $16K | Reduce -32.0% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 13,000 | $13K | Reduce -51.9% |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 10,000 | $10K | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 10,000 | $10K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 12,100 | $908 | Reduce -4.0% |
| PBMWW Psyence Biomedical Ltd. | *W EXP 01/22/202 | 49,095 | $908 | Add +67.3% |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 13,000 | $800 | Reduce -43.5% |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | 11,892 | $357 | Reduce -24.6% |
| NVVEW Nuvve Holding Corp.-CW26 | *W EXP 03/19/202 | 10,000 | $160 | No change |
Total filed on the 13F, all lines: $365.8B.
Portfolio Sells Q3 2025 → Q4 2025
| QUAL iShares MSCI USA Quality Fac | Reduce -12.7% | 0.88% | −0.17 |
| NFLX Netflix Inc. | Reduce -1.7% | 0.21% | −0.08 |
| XLF SS Financial Select Sector | Reduce -10.1% | 0.33% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Reduce -11.4% | 0.24% | −0.05 |
| XLC SS Comm Select Sector SPDR | Reduce -13.9% | 0.17% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -1.5% | 0.25% | −0.04 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -9.1% | 0.24% | −0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -8.5% | 0.31% | −0.04 |
| MSTR Strategy Inc. | Reduce -4.3% | 0.03% | −0.03 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.03 |
| USFR Wisdomtree Floating Rate Tre | Reduce -10.0% | 0.18% | −0.03 |
| EFV iShares MSCI Eafe Value ETF | Reduce -5.8% | 0.38% | −0.03 |
| FTCS First Trust Capital Strength | Reduce -4.9% | 0.19% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.1% | 0.24% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -0.5% | 0.33% | −0.03 |
| TLH iShares 10-20 Year Treasury | Reduce -1.3% | 0.26% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -6.4% | 0.06% | −0.02 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -42.5% | 0.03% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.2% | 0.16% | −0.02 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -1.2% | 0.30% | −0.02 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -6.6% | 0.13% | −0.02 |
| FVD First Trust Value Line DVD | Reduce -2.8% | 0.22% | −0.02 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -15.6% | 0.08% | −0.02 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -18.2% | 0.07% | −0.02 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -4.0% | 0.16% | −0.02 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -4.8% | 0.11% | −0.02 |
| HON Honeywell International Inc. | Reduce -14.5% | 0.05% | −0.02 |
| IGV iShares Expanded Tech-Softwa | Reduce -18.6% | 0.04% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.3% | 0.28% | −0.02 |
| FTSM First Trust Enh Short Mat FD | Reduce -5.1% | 0.15% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -1.0% | 0.11% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -4.8% | 0.14% | −0.02 |
| JQUA JPMorgan US Quality Factor | Reduce -9.9% | 0.08% | −0.01 |
| BSJP Invesco Bulletshares 2025 HY | Sold out | 0.00% | −0.01 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -10.3% | 0.06% | −0.01 |
| EZM Wisdomtree US Midcap Fund | Reduce -74.3% | 0.00% | −0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -3.3% | 0.12% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Reduce -2.2% | 0.11% | −0.01 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -19.4% | 0.04% | −0.01 |
| COIN Coinbase Global Inc. Class A | Reduce -6.9% | 0.02% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -1.2% | 0.15% | −0.01 |
| SCHO Schwab Short-Term US Treas | Reduce -46.4% | 0.01% | −0.01 |
| LMBS First Trust Low Duration Opp | Reduce -0.9% | 0.16% | −0.01 |
| HOOD Robinhood Markets Inc. Class A | Reduce -2.3% | 0.03% | −0.01 |
| BX Blackstone Inc. | Reduce -1.0% | 0.05% | −0.01 |
| XLE SS Energy Select Sector | Reduce -0.1% | 0.16% | −0.01 |
| FLOT iShares Floating Rate Bond E | Reduce -8.9% | 0.06% | −0.01 |
| KNG FT Vest S&P 500 DVD Arst TRG | Reduce -5.4% | 0.08% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +3.5% | 0.74% | +0.15 |
| IVE iShares S&P 500 Value ETF | Add +28.9% | 0.64% | +0.12 |
| CGDV Cap Group Dividend Value | Add +20.7% | 0.76% | +0.11 |
| GOOG Alphabet Inc. Class C | Add +2.9% | 0.53% | +0.10 |
| LLY Eli Lilly & Co. | Add +4.5% | 0.34% | +0.09 |
| IEMG iShares Core MSCI Emerging | Add +11.6% | 0.96% | +0.06 |
| JBND JPMorgan Active Bond ETF | Add +54.0% | 0.19% | +0.06 |
| CGGR Cap Group Growth Equity | Add +17.7% | 0.55% | +0.06 |
| AAPL Apple Inc. | Add +3.3% | 1.75% | +0.06 |
| GLD SPDR Gold Shares | Add +5.6% | 0.52% | +0.05 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +10.4% | 0.75% | +0.04 |
| MU Micron Technology Inc. | Add +10.7% | 0.10% | +0.04 |
| AKRE Akre Focus ETF | New | 0.04% | +0.04 |
| AGG iShares Core U.S. Aggregate | Add +19.6% | 0.38% | +0.04 |
| SMH Vaneck Semiconductor ETF | Add +12.7% | 0.27% | +0.04 |
| RDVY First Trust Rising Dividend | Add +10.5% | 0.58% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | Add +9.8% | 0.74% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +7.4% | 1.17% | +0.03 |
| RECS Columbia Resear Enh Cor ETF | Add +26.6% | 0.19% | +0.03 |
| CGUS Cap Group Core Equity | Add +19.2% | 0.26% | +0.03 |
| CGCB Cap Group Core Bond | Add +30.4% | 0.16% | +0.03 |
| IBB iShares Biotechnology ETF | Add +145.9% | 0.05% | +0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +9.7% | 0.45% | +0.03 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +7.9% | 0.78% | +0.03 |
| MTUM iShares MSCI USA Momentum Fa | Add +24.7% | 0.23% | +0.03 |
| WMT Walmart Inc. | Add +8.4% | 0.27% | +0.02 |
| AMZN Amazon.com Inc. | Add +3.9% | 1.04% | +0.02 |
| CAT Caterpillar Inc. | Add +4.1% | 0.16% | +0.02 |
| BPRE Bluerock Private Real Estate | New | 0.02% | +0.02 |
| FDVV Fidelity High Dividend ETF | Add +36.8% | 0.10% | +0.02 |
| CGBL Cap Group Core Balanced | Add +27.7% | 0.12% | +0.02 |
| SYSB iShares Systematic Bond ETF | Add +13347.1% | 0.02% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +6.3% | 1.13% | +0.02 |
| RWL Invesco S&P 500 Revenue ETF | Add +16.8% | 0.18% | +0.02 |
| PYLD PIMCO Multisector Bond Actv | Add +34.3% | 0.11% | +0.02 |
| CGCP Cap Group Core Plus Income | Add +25.1% | 0.15% | +0.02 |
| CGMS Cap Group US Multi-Sect Bond | Add +30.8% | 0.12% | +0.02 |
| AVDE Avantis International Equity | Add +41.7% | 0.07% | +0.02 |
| AVEM Avantis Emerging Markets Eq | Add +39.6% | 0.08% | +0.02 |
| JMUB JPMorgan Municipal ETF | Add +44.5% | 0.08% | +0.02 |
| MRK Merck & Co. Inc. | Add +5.5% | 0.10% | +0.02 |
| APH Amphenol Corp. Class A | Add +45.8% | 0.06% | +0.02 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +50.9% | 0.06% | +0.02 |
| GRID First TRST Nasd Class Edg Sgiif | Add +42.1% | 0.07% | +0.02 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Add +85.3% | 0.04% | +0.02 |
| GEV GE Vernova Inc. | Add +29.5% | 0.08% | +0.02 |
| FTCB FT Core Investment Grade ETF | Add +41.6% | 0.07% | +0.02 |
| IAU iShares Gold Trust | Add +1.5% | 0.30% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +9.2% | 0.17% | +0.02 |
| FBND Fidelity Total Bond ETF | Add +25.2% | 0.12% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +33.0% | 165,900 | $113.1M |
| IWM iShares Russell 2000 ETF | call | Sold out | 372,300 | $90.1Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -61.4% | 37,900 | $23.3M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +96.5% | 28,100 | $19.2M |
| APP AppLovin Corp. Class A | put | New | 22,200 | $15.0M |
| AAPL Apple Inc. | put | Reduce -12.6% | 51,500 | $14.0M |
| META Meta Platforms Inc. Class A | put | Add +50.5% | 16,400 | $10.8M |
| COST Costco Wholesale Corp. | put | Add +26.7% | 9,500 | $8.2M |
| MSFT Microsoft Corp. | put | Add +0.7% | 14,900 | $7.2M |
| LNC Lincoln National Corp. | put | Reduce -13.7% | 130,100 | $5.8M |
| AMZN Amazon.com Inc. | put | Add +37.9% | 24,400 | $5.6M |
| MOS The Mosaic Co. | put | New | 228,600 | $5.5M |
| MARA Mara Holdings Inc. | put | New | 584,300 | $5.2M |
| UNH Unitedhealth Group Inc. | put | Add +42.6% | 15,400 | $5.1M |
| NVDA Nvidia Corp. | call | Reduce -38.3% | 24,300 | $4.5M |
| C Citigroup Inc. | put | Reduce -6.4% | 37,800 | $4.4M |
| TSLA Tesla Inc. | call | Add +135.0% | 9,400 | $4.2M |
| NOW ServiceNow Inc. | put | Add +57.1% | 27,500 | $4.2M |
| NVDA Nvidia Corp. | put | Reduce -20.4% | 22,300 | $4.2M |
| GOOG Alphabet Inc. Class C | put | Add +39.8% | 13,000 | $4.1M |
| LNG Cheniere Energy Inc. | put | New | 19,800 | $3.8M |
| SPOT Spotify Technology SA | put | Add +9.1% | 6,000 | $3.5M |
| COST Costco Wholesale Corp. | call | Add +33.3% | 4,000 | $3.4M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -6.8% | 5,500 | $3.4M |
| IBM Intl Business Machines Corp. | put | Add +48.6% | 10,700 | $3.2M |
| GOOGL Alphabet Inc. Class A | put | Add +11.1% | 10,000 | $3.1M |
| XLV SS Health Care Select Sector | call | New | 20,000 | $3.1M |
| CRWD CrowdStrike Holdings Inc. Class A | put | Reduce -12.0% | 6,600 | $3.1M |
| XYZ Block Inc. | call | Sold out | 41,300 | $3.0Mbefore exit |
| CRM Salesforce Inc. | put | Add +17.2% | 10,900 | $2.9M |
| MSFT Microsoft Corp. | call | New | 5,200 | $2.5M |
| BABA Alibaba Group Holding-SP ADR | put | Add +117.1% | 16,500 | $2.4M |
| FITB Fifth Third Bancorp | put | Sold out | 52,900 | $2.4Mbefore exit |
| ORCL Oracle Corp. | call | Add +376.0% | 11,900 | $2.3M |
| XLI SS Industrial Select Sector | put | Sold out | 14,700 | $2.3Mbefore exit |
| UNH Unitedhealth Group Inc. | call | Reduce -9.3% | 6,800 | $2.2M |
| PLTR Palantir Technologies Inc. Class A | call | Reduce -16.2% | 12,400 | $2.2M |
| BMNR Bitmine Immersion Technologi | put | New | 80,500 | $2.2M |
| IWM iShares Russell 2000 ETF | put | Reduce -47.2% | 8,500 | $2.1M |
| AMZN Amazon.com Inc. | call | Reduce -70.7% | 8,900 | $2.1M |
| META Meta Platforms Inc. Class A | call | Add +244.4% | 3,100 | $2.0M |
| XOM Exxon Mobil Corp. | call | New | 17,000 | $2.0M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Reduce -23.1% | 4,000 | $2.0M |
| TSLA Tesla Inc. | put | Add +35.5% | 4,200 | $1.9M |
| BAC Bank of America Corp. | put | Reduce -13.5% | 32,800 | $1.8M |
| CRM Salesforce Inc. | call | Add +1.5% | 6,800 | $1.8M |
| SPOT Spotify Technology SA | call | Add +20.0% | 3,000 | $1.7M |
| BA The Boeing Co. | call | Add +650.0% | 7,500 | $1.6M |
| AXP American Express Co. | put | Add +230.8% | 4,300 | $1.6M |
| JD Jd.com Inc.-ADR | call | Add +480.6% | 54,000 | $1.5M |
Showing the first 50 of 242.
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
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +3.8% | 258,356 | $20.3M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +5.1% | 7,661 | $9.3M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.6% | 7,338 | $9.2M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +12.5% | 114,164 | $2.8M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +47.2% | 19,446 | $1.3M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 14,578 | $866K |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | Add +2.1% | 11,290 | $555K |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +13.0% | 8,984 | $524K |
| USA RARE EARTH INC | *W EXP 03/13/203 | Sold out | 71,500 | $516Kbefore exit |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -5.3% | 14,251 | $426K |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -3.0% | 8,195 | $425K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +1.3% | 20,147 | $388K |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Sold out | 5,455 | $217Kbefore exit |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 89,000 | $100Kbefore exit |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | New | 84,000 | $95K |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -14.5% | 65,000 | $93K |
| INFQ.WS Churchill Capital Corp. X | *W EXP 05/14/203 | New | 11,600 | $89K |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -14.6% | 76,000 | $79K |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | Reduce -14.7% | 81,000 | $77K |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Add +26.2% | 21,318 | $57K |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Sold out | 60,000 | $56Kbefore exit |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 55,000 | $55Kbefore exit |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Reduce -25.4% | 47,000 | $51K |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | Add +10.0% | 51,675 | $47K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 560,027 | $44Kbefore exit |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | Sold out | 45,000 | $39Kbefore exit |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Reduce -15.4% | 33,000 | $35K |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | New | 33,000 | $34K |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Reduce -19.1% | 34,000 | $33K |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -31.8% | 30,000 | $31K |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -20.7% | 23,000 | $30K |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Reduce -39.6% | 32,000 | $29K |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -20.7% | 23,000 | $28K |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 51,663 | $27K |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Sold out | 30,000 | $27Kbefore exit |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 22,000 | $23Kbefore exit |
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | Sold out | 388,625 | $23Kbefore exit |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Reduce -30.3% | 23,000 | $23K |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 51,666 | $21K |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Sold out | 22,000 | $20Kbefore exit |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Reduce -25.0% | 18,000 | $18K |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | New | 15,000 | $18K |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | New | 21,500 | $17K |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | Sold out | 17,000 | $16Kbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -32.0% | 17,000 | $16K |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | Sold out | 15,000 | $15Kbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -51.9% | 13,000 | $13K |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Sold out | 14,000 | $12Kbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Sold out | 13,000 | $12Kbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Sold out | 13,000 | $12Kbefore exit |
Showing the first 50 of 61.
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 |