M&G PLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), M&G PLC reported 388 stock positions worth $17.5 billion. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Amcor (AMCR, 4.4%) and Meta Platforms Class A (META, 4.0%). Compared with Q1 2025, it opened 47 new positions, sold out of 67, added to 155 and reduced 145. The biggest buy was Amazon.com (AMZN, shares +3295%) and the biggest sale Ke Holdings Inc.-ADR (BEKE, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001802539
- Portfolio Value
- $17.5B (Q2 2025)
- SEC Filing
- 0000950123-25-007299 ↗ filed Aug 8, 2025
Holdings Value
Holdings 388 stocks · $17.5B
| MSFT Microsoft Corp. | 6.40% | 2,252,756 | $1.1B | Reduce -10.8% |
| AMCR Amcor PLC | 4.41% | 85,596,005 | $770.4M | Add +23.4% |
| META Meta Platforms Inc. Class A | 4.02% | 952,719 | $703.1M | Add +2.4% |
| MEOH Methanex Corp. | 2.41% | 12,756,931 | $421.0M | No change |
| NEE Nextera Energy Inc. | 2.29% | 5,798,080 | $400.1M | Add +5.7% |
| GOOGL Alphabet Inc. Class A | 2.26% | 2,245,250 | $395.2M | Reduce -8.7% |
| ELV Elevance Health Inc. | 2.07% | 930,293 | $361.9M | Add +16.8% |
| ANSS Ansys Inc. | 1.91% | 953,227 | $334.6M | Add +91.0% |
| AVGO Broadcom Inc. | 1.90% | 1,203,029 | $332.0M | Reduce -31.1% |
| JCI Johnson Controls Internation | 1.79% | 2,954,998 | $313.2M | Add +70.3% |
| BMY Bristol-Myers Squibb Co. | 1.79% | 6,788,125 | $312.3M | Reduce -1.0% |
| RSG Republic Services Inc. | 1.65% | 1,164,656 | $287.7M | Add +113.0% |
| ACN Accenture PLC Class A | 1.63% | 951,892 | $284.6M | Add +39.5% |
| UNH Unitedhealth Group Inc. | 1.55% | 870,762 | $271.7M | Add +72.5% |
| MDT Medtronic PLC | 1.53% | 3,072,469 | $267.3M | Add +22.0% |
| HDB HDFC Bank Ltd.-ADR | 1.50% | 3,407,929 | $262.4M | Add +184.2% |
| EQIX Equinix Inc. | 1.47% | 322,525 | $256.4M | Add +7.0% |
| VFC VF Corp. | 1.41% | 20,477,543 | $245.7M | Add +16.8% |
| FNV Franco-Nevada Corp. | 1.31% | 1,387,517 | $228.4M | Reduce -8.2% |
| V Visa Inc. Class A | 1.28% | 629,116 | $223.3M | Reduce -2.5% |
| LOW Lowe's Cos Inc. | 1.25% | 986,906 | $219.1M | Add +5.8% |
| ARES Ares Management Corp. Class A | 1.21% | 1,223,152 | $211.6M | Reduce -5.3% |
| EBAY eBay Inc. | 1.18% | 2,785,699 | $206.1M | Add +88.8% |
| CME Cme Group Inc. | 1.15% | 729,949 | $201.5M | Add +30.5% |
| AMT American Tower Corp. | 1.12% | 884,285 | $195.4M | Reduce -3.3% |
| DGX Quest Diagnostics Inc. | 1.10% | 1,072,721 | $193.1M | Add +256.5% |
| AAPL Apple Inc. | 1.10% | 941,667 | $193.0M | Add +264.8% |
| AMZN Amazon.com Inc. | 1.03% | 819,128 | $179.4M | Add +3295.5% |
| LRCX Lam Research Corp. | 1.02% | 1,835,912 | $178.1M | Add +254.1% |
| HTHT H World Group Ltd.-ADR | 1.00% | 5,168,416 | $175.7M | Add +35.5% |
| NVDA Nvidia Corp. | 0.99% | 1,091,507 | $172.5M | Add +178.8% |
| KVUE Kenvue Inc. | 0.98% | 8,173,365 | $171.6M | Add +18.8% |
| TMO Thermo Fisher Scientific Inc. | 0.91% | 393,766 | $159.5M | Add +233.1% |
| ORCL Oracle Corp. | 0.90% | 719,571 | $157.6M | Reduce -15.5% |
| BDX Becton Dickinson and Co. | 0.88% | 892,076 | $153.4M | Add +126.5% |
| IP International Paper Co. | 0.86% | 3,220,070 | $150.6M | Add +165.9% |
| UBS UBS Group AG-Reg | 0.86% | 4,413,062 | $150.2M | Add +17.0% |
| AXP American Express Co. | 0.78% | 429,851 | $137.1M | Add +0.2% |
| EWW iShares MSCI Mexico ETF | 0.78% | 2,257,723 | $136.7M | Reduce -51.2% |
| ENB Enbridge Inc. | 0.78% | 2,987,215 | $136.1M | Add +0.2% |
| CSX CSX Corp. | 0.75% | 3,997,696 | $131.9M | Add +5.2% |
| ON On Semiconductor | 0.73% | 2,459,104 | $127.9M | Add +164.2% |
| QCOM Qualcomm Inc. | 0.71% | 782,242 | $124.4M | Reduce -15.7% |
| AMGN Amgen Inc. | 0.70% | 437,938 | $122.2M | Add +4.7% |
| MSA Msa Safety Inc. | 0.69% | 722,251 | $121.3M | Add +5607.2% |
| MA Mastercard Inc. Class A | 0.65% | 201,328 | $113.1M | Add +12.0% |
| ATAT Atour Lifestyle Holdings-ADR | 0.62% | 3,298,930 | $108.9M | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.61% | 1,511,925 | $107.3M | Reduce -30.6% |
| A Agilent Technologies Inc. | 0.60% | 893,121 | $105.4M | Add +255.2% |
| JPM JPMorgan Chase & Co. | 0.60% | 360,666 | $104.6M | Reduce -1.5% |
| CCI Crown Castle Inc. | 0.57% | 973,418 | $100.3M | Reduce -51.8% |
| COF Capital One Financial Corp. | 0.54% | 442,699 | $94.3M | New |
| LNG Cheniere Energy Inc. | 0.52% | 371,765 | $90.7M | Add +81.0% |
| TTEK Tetra Tech Inc. | 0.50% | 2,416,512 | $87.0M | Add +150.1% |
| LIN Linde PLC | 0.50% | 185,108 | $86.8M | Reduce -0.2% |
| BFAM Bright Horizons Family Solut | 0.49% | 690,022 | $85.6M | Add +246.4% |
| EIX Edison International | 0.46% | 1,534,673 | $79.8M | Reduce -5.6% |
| ATHM Autohome Inc.-ADR | 0.45% | 3,045,631 | $79.2M | Reduce -6.3% |
| ADSK Autodesk Inc. | 0.45% | 254,020 | $78.7M | Add +253.1% |
| OKE Oneok Inc. | 0.45% | 959,103 | $78.6M | Add +23.2% |
| MELI MercadoLibre Inc. | 0.45% | 29,875 | $78.1M | Add +509.2% |
| AWK American Water Works Co. Inc. | 0.44% | 555,543 | $77.2M | Reduce -11.6% |
| BN Brookfield Corp. | 0.43% | 1,223,543 | $75.9M | Reduce -7.4% |
| EXC Exelon Corp. | 0.43% | 1,749,955 | $75.2M | Reduce -24.6% |
| CCJ Cameco Corp. | 0.41% | 963,203 | $71.5M | Reduce -17.3% |
| AES AES Corp. | 0.40% | 6,377,242 | $70.1M | Reduce -21.0% |
| STX Seagate Technology Holdings | 0.40% | 483,158 | $69.6M | Add +3.9% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.40% | 759,975 | $69.2M | Reduce -2.8% |
| ES Eversource Energy | 0.39% | 1,063,244 | $68.0M | Reduce -19.8% |
| SRE Sempra | 0.38% | 880,996 | $67.0M | Reduce -4.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.38% | 291,185 | $65.8M | Reduce -5.0% |
| MU Micron Technology Inc. | 0.38% | 534,489 | $65.7M | Reduce -24.3% |
| TRP TC Energy Corp. | 0.36% | 1,299,957 | $63.7M | Reduce -1.8% |
| INTU Intuit Inc. | 0.34% | 76,419 | $60.2M | Add +11.5% |
| WY Weyerhaeuser Co. | 0.34% | 2,298,189 | $59.8M | Add +13.4% |
| MSI Motorola Solutions Inc. | 0.34% | 139,912 | $58.8M | Add +17.0% |
| HD Home Depot Inc. | 0.33% | 158,098 | $58.0M | Reduce -35.1% |
| WFC Wells Fargo & Co. | 0.32% | 700,970 | $56.1M | Add +33.0% |
| GRMN Garmin Ltd. | 0.32% | 264,555 | $55.3M | Add +53.9% |
| LULU Lululemon Athletica Inc. | 0.31% | 228,634 | $54.4M | Add +49.2% |
| ABBV Abbvie Inc. | 0.31% | 288,305 | $53.6M | Reduce -9.6% |
| ILMN Illumina Inc. | 0.30% | 558,503 | $53.1M | Add +130.6% |
| RCL Royal Caribbean Cruises Ltd. | 0.29% | 164,457 | $51.5M | Add +30.0% |
| MORN Morningstar Inc. | 0.29% | 163,887 | $51.5M | Reduce -2.8% |
| MANH Manhattan Associates Inc. | 0.29% | 260,034 | $51.2M | Reduce -20.7% |
| CVE Cenovus Energy Inc. | 0.27% | 3,431,210 | $47.9M | Add +21.5% |
| ADBE Adobe Inc. | 0.27% | 121,960 | $47.2M | Reduce -3.1% |
| FERG Ferguson Enterprises Inc. | 0.25% | 197,416 | $43.2M | Reduce -0.7% |
| C Citigroup Inc. | 0.24% | 488,480 | $41.5M | Add +1.3% |
| IPGP Ipg Photonics Corp. | 0.24% | 600,020 | $41.4M | Add +263.9% |
| ONC Beone Medicines Ltd.-ADR | 0.24% | 170,202 | $41.2M | Reduce -8.5% |
| BALL Ball Corp. | 0.23% | 719,238 | $40.3M | Reduce -3.6% |
| REXR Rexford Industrial Realty Inc. | 0.23% | 1,102,888 | $39.7M | Add +4.1% |
| ARE Alexandria Real Estate Equit | 0.23% | 543,685 | $39.7M | Reduce -62.5% |
| FER Ferrovial NV | 0.23% | 743,366 | $39.4M | Reduce -14.3% |
| CSCO Cisco Systems Inc. | 0.22% | 559,149 | $38.6M | Reduce -15.6% |
| BABA Alibaba Group Holding-SP ADR | 0.21% | 326,551 | $36.9M | Reduce -24.0% |
| MRK Merck & Co. Inc. | 0.21% | 455,900 | $36.0M | Reduce -15.7% |
| PDD PDD Holdings Inc. | 0.20% | 336,288 | $35.3M | Reduce -4.2% |
| MLM Martin Marietta Materials | 0.20% | 63,706 | $35.0M | Add +0.4% |
Other holdings (26): bonds, preferreds, convertibles and warrants · $666.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 26,470,000 | $98.3M | Reduce -0.7% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 59,061,000 | $77.4M | Add +89.8% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 40,393,000 | $72.3M | Reduce -16.4% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 40,687,000 | $58.2M | Reduce -16.7% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 34,856,000 | $41.5M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 30,186,000 | $38.0M | Reduce -14.4% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 36,053,000 | $32.4M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 27,019,000 | $28.6M | Reduce -0.7% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 22,613,000 | $27.1M | Reduce -1.6% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 20,911,000 | $20.1M | Reduce -7.1% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 13,553,000 | $19.7M | Reduce -4.0% |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 19,592,000 | $19.4M | Reduce -7.5% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 11,796,000 | $18.0M | Reduce -1.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 16,609,000 | $15.9M | Reduce -38.0% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 14,799,000 | $15.8M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 11,275,000 | $15.8M | Reduce -1.8% |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 12,085,000 | $14.4M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 10,396,000 | $12.9M | No change |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 12,896,000 | $12.5M | No change |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 7,895,000 | $8.9M | Reduce -0.8% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 4,672,000 | $8.2M | No change |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 7,219,000 | $6.2M | No change |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 2,894,000 | $3.8M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 500,000 | $500K | New |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 409,239 | $479K | Add +2.1% |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 495,000 | $0 | No change |
Total filed on the 13F, all lines: $18.2B.
Portfolio Sells Q1 2025 → Q2 2025
| BEKE Ke Holdings Inc.-ADR | Reduce -94.9% | 0.05% | −1.13 |
| AMAZON COM INC | Sold out | 0.00% | −0.98 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.0% | 1.79% | −0.95 |
| CCI Crown Castle Inc. | Reduce -51.8% | 0.57% | −0.80 |
| EWW iShares MSCI Mexico ETF | Reduce -51.2% | 0.78% | −0.76 |
| ARE Alexandria Real Estate Equit | Reduce -62.5% | 0.23% | −0.66 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.53 |
| KO The Coca-Cola Co. | Reduce -30.6% | 0.61% | −0.41 |
| BIDU Baidu Inc. - Spon ADR | Reduce -87.0% | 0.04% | −0.32 |
| MNSO Miniso Group Holding Ltd.-ADR | Sold out | 0.00% | −0.31 |
| INTC Intel Corp. | Reduce -74.1% | 0.08% | −0.29 |
| EXC Exelon Corp. | Reduce -24.6% | 0.43% | −0.27 |
| GGG Graco Inc. | Sold out | 0.00% | −0.26 |
| HD Home Depot Inc. | Reduce -35.1% | 0.33% | −0.25 |
| FNV Franco-Nevada Corp. | Reduce -8.2% | 1.31% | −0.24 |
| AES AES Corp. | Reduce -21.0% | 0.40% | −0.23 |
| GOOGL Alphabet Inc. Class A | Reduce -8.7% | 2.26% | −0.23 |
| QCOM Qualcomm Inc. | Reduce -15.7% | 0.71% | −0.22 |
| NXPI NXP Semiconductors NV | Reduce -95.5% | 0.01% | −0.22 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.21 |
| V Visa Inc. Class A | Reduce -2.5% | 1.28% | −0.20 |
| AMT American Tower Corp. | Reduce -3.3% | 1.12% | −0.19 |
| EIX Edison International | Reduce -5.6% | 0.46% | −0.17 |
| AWK American Water Works Co. Inc. | Reduce -11.6% | 0.44% | −0.17 |
| BABA Alibaba Group Holding-SP ADR | Reduce -24.0% | 0.21% | −0.16 |
| ES Eversource Energy | Reduce -19.8% | 0.39% | −0.15 |
| ATHM Autohome Inc.-ADR | Reduce -6.3% | 0.45% | −0.14 |
| UNF Unifirst Corp. | Sold out | 0.00% | −0.14 |
| ABBV Abbvie Inc. | Reduce -9.6% | 0.31% | −0.13 |
| JNJ Johnson & Johnson | Reduce -38.9% | 0.12% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -15.7% | 0.21% | −0.11 |
| ONC Beone Medicines Ltd.-ADR | Reduce -8.5% | 0.24% | −0.10 |
| CNXC Concentrix Corp. | Sold out | 0.00% | −0.09 |
| ROL Rollins Inc. | Sold out | 0.00% | −0.08 |
| LTH Life Time Group Holdings Inc. | Sold out | 0.00% | −0.08 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.08 |
| CVX Chevron Corp. | Reduce -25.7% | 0.10% | −0.08 |
| XOM Exxon Mobil Corp. | Reduce -40.9% | 0.07% | −0.08 |
| MANH Manhattan Associates Inc. | Reduce -20.7% | 0.29% | −0.08 |
| PDD PDD Holdings Inc. | Reduce -4.2% | 0.20% | −0.07 |
| LIN Linde PLC | Reduce -0.2% | 0.50% | −0.07 |
| ELAN Elanco Animal Health Inc. | Sold out | 0.00% | −0.07 |
| ANET Arista Networks Inc. | Reduce -86.0% | 0.01% | −0.07 |
| RF Regions Financial Corp. | Sold out | 0.00% | −0.07 |
| USB US Bancorp | Reduce -88.1% | 0.01% | −0.07 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.07 |
| TFC Truist Financial Corp. | Reduce -87.5% | 0.01% | −0.07 |
| MTB M & T Bank Corp. | Reduce -93.4% | 0.00% | −0.07 |
| EVGO Evgo Inc. | Sold out | 0.00% | −0.06 |
| STNG Scorpio Tankers Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | Add +3295.5% | 1.03% | +1.00 |
| HDB HDFC Bank Ltd.-ADR | Add +184.2% | 1.50% | +0.98 |
| JCI Johnson Controls Internation | Add +70.3% | 1.79% | +0.88 |
| ANSS Ansys Inc. | Add +91.0% | 1.91% | +0.88 |
| RSG Republic Services Inc. | Add +113.0% | 1.65% | +0.78 |
| DGX Quest Diagnostics Inc. | Add +256.5% | 1.10% | +0.77 |
| LRCX Lam Research Corp. | Add +254.1% | 1.02% | +0.77 |
| AAPL Apple Inc. | Add +264.8% | 1.10% | +0.73 |
| NVDA Nvidia Corp. | Add +178.8% | 0.99% | +0.71 |
| MSA Msa Safety Inc. | Add +5607.2% | 0.69% | +0.68 |
| COF Capital One Financial Corp. | New | 0.54% | +0.54 |
| TMO Thermo Fisher Scientific Inc. | Add +233.1% | 0.91% | +0.53 |
| EBAY eBay Inc. | Add +88.8% | 1.18% | +0.52 |
| META Meta Platforms Inc. Class A | Add +2.4% | 4.02% | +0.52 |
| ON On Semiconductor | Add +164.2% | 0.73% | +0.48 |
| IP International Paper Co. | Add +165.9% | 0.86% | +0.44 |
| A Agilent Technologies Inc. | Add +255.2% | 0.60% | +0.41 |
| MELI MercadoLibre Inc. | Add +509.2% | 0.45% | +0.38 |
| ADSK Autodesk Inc. | Add +253.1% | 0.45% | +0.33 |
| BFAM Bright Horizons Family Solut | Add +246.4% | 0.49% | +0.32 |
| TTEK Tetra Tech Inc. | Add +150.1% | 0.50% | +0.31 |
| BDX Becton Dickinson and Co. | Add +126.5% | 0.88% | +0.29 |
| ACN Accenture PLC Class A | Add +39.5% | 1.63% | +0.24 |
| LNG Cheniere Energy Inc. | Add +81.0% | 0.52% | +0.21 |
| CME Cme Group Inc. | Add +30.5% | 1.15% | +0.18 |
| ILMN Illumina Inc. | Add +130.6% | 0.30% | +0.18 |
| IPGP Ipg Photonics Corp. | Add +263.9% | 0.24% | +0.17 |
| STX Seagate Technology Holdings | Add +3.9% | 0.40% | +0.14 |
| RCL Royal Caribbean Cruises Ltd. | Add +30.0% | 0.29% | +0.13 |
| UBS UBS Group AG-Reg | Add +17.0% | 0.86% | +0.11 |
| HTHT H World Group Ltd.-ADR | Add +35.5% | 1.00% | +0.08 |
| CRM Salesforce Inc. | Add +518.1% | 0.10% | +0.08 |
| GEV GE Vernova Inc. | New | 0.07% | +0.07 |
| WFC Wells Fargo & Co. | Add +33.0% | 0.32% | +0.07 |
| FLYW Flywire Corp.-Voting | New | 0.07% | +0.07 |
| GRMN Garmin Ltd. | Add +53.9% | 0.32% | +0.07 |
| BBWI Bath & Body Works Inc. | New | 0.07% | +0.07 |
| INTU Intuit Inc. | Add +11.5% | 0.34% | +0.07 |
| SRAD Sportradar Group AG-A | New | 0.07% | +0.07 |
| CYBR Cyberark Software Ltd./Israel | New | 0.07% | +0.07 |
| CVNA Carvana Co. | New | 0.07% | +0.07 |
| LIVN Livanova PLC | New | 0.07% | +0.07 |
| TER Teradyne Inc. | Add +1244.5% | 0.07% | +0.07 |
| CGNX Cognex Corp. | New | 0.07% | +0.07 |
| CE Celanese Corp. | New | 0.07% | +0.07 |
| M Macy's Inc. | New | 0.07% | +0.07 |
| CRS Carpenter Technology | New | 0.07% | +0.07 |
| IRTC Irhythm Holdings Inc. | New | 0.07% | +0.07 |
| FOLD Amicus Therapeutics Inc. | New | 0.06% | +0.06 |
| NOW ServiceNow Inc. | Add +173.2% | 0.09% | +0.06 |
Notes & Other Activity Q1 2025 → Q2 2025
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -0.7% | 26,470,000 | $98.3M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Add +89.8% | 59,061,000 | $77.4M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -16.4% | 40,393,000 | $72.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -16.7% | 40,687,000 | $58.2M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | New | 34,856,000 | $41.5M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -14.4% | 30,186,000 | $38.0M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 31,446,000 | $31.8Mbefore exit |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Reduce -0.7% | 27,019,000 | $28.6M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Sold out | 29,599,000 | $27.8Mbefore exit |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Reduce -1.6% | 22,613,000 | $27.1M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 24,042,000 | $24.0Mbefore exit |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -7.1% | 20,911,000 | $20.1M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | Reduce -4.0% | 13,553,000 | $19.7M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Reduce -7.5% | 19,592,000 | $19.4M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -1.4% | 11,796,000 | $18.0M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -38.0% | 16,609,000 | $15.9M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | New | 14,799,000 | $15.8M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -1.8% | 11,275,000 | $15.8M |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | New | 12,085,000 | $14.4M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Reduce -0.8% | 7,895,000 | $8.9M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 9,356,000 | $8.7Mbefore exit |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | New | 500,000 | $500K |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +2.1% | 409,239 | $479K |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | Sold out | 700,000 | $56Kbefore exit |
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 | 344 | $19.3B | AMCR, MSFT, AZN, AVGO, MEOH |
| Q1 2026 | 352 | $18.8B | MSFT, AMCR, AZN, MEOH, META |
| Q4 2025 | 346 | $18.7B | MSFT, AMCR, META, MEOH, GOOGL |
| Q3 2025 | 340 | $18.0B | MSFT, AMCR, META, MEOH, GOOGL |
| Q2 2025 | 388 | $17.5B | MSFT, AMCR, META, MEOH, NEE |
| Q1 2025 | 408 | $15.3B | MSFT, AMCR, META, MEOH, BMY |
| Q4 2024 | 394 | $15.7B | MSFT, MEOH, AMCR, AVGO, BMY |
| Q3 2024 | 386 | $16.1B | MSFT, AMCR, AVGO, MEOH, BMY |
| Q2 2024 | 376 | $14.6B | MSFT, MEOH, AVGO, AMCR, BMY |
| Q1 2024 | 345 | $14.3B | MSFT, MEOH, AVGO, BMY, GOOGL |