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

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $14.3B Q1 2024 Q2 2024: $14.6B Q2 2024 Q3 2024: $16.1B Q3 2024 Q4 2024: $15.7B Q4 2024 Q1 2025: $15.3B Q1 2025 Q2 2025: $17.5B $17.5B Q2 2025 Q3 2025: $18.0B Q3 2025 Q4 2025: $18.7B Q4 2025 Q1 2026: $18.8B Q1 2026 Q2 2026: $19.3B Q2 2026

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%
PGR Progressive Corp. 0.19% 125,711 $33.6M Reduce -0.2%
ATO Atmos Energy Corp. 0.17% 190,764 $29.4M Add +6.0%
TECK Teck Resources Ltd.-CLS B 0.17% 722,648 $28.9M Add +36.1%
STLA Stellantis NV 0.16% 2,594,750 $27.5M Add +1.2%
CARR Carrier Global Corp. 0.16% 376,030 $27.5M Add +7.9%
MCK McKesson Corp. 0.16% 37,347 $27.4M Add +14.3%
OWL Blue Owl Capital Inc. 0.15% 1,349,751 $25.6M Add +27.1%
DEC Diversified Energy Co. PLC 0.15% 1,715,325 $25.5M No change
VZ Verizon Communications Inc. 0.14% 569,115 $24.5M Reduce -15.1%
KR Kroger Co. 0.13% 321,038 $23.1M Reduce -22.1%
TSEOQ Trinseo PLC 0.13% 7,625,044 $22.9M No change
ALL Allstate Corp. 0.12% 108,002 $21.7M Add +24.8%
MMM 3M Co. 0.12% 139,717 $21.2M Reduce -13.6%
HIG Hartford Insurance Group Inc. 0.12% 160,781 $20.4M Add +1.1%
JNJ Johnson & Johnson 0.12% 132,160 $20.2M Reduce -38.9%
WAL Western Alliance Bancorp 0.11% 256,687 $20.0M Add +7.4%
SIMO Silicon Motion Technol-ADR 0.11% 263,184 $19.7M Add +15.3%
ZTS Zoetis Inc. 0.10% 116,174 $18.1M Add +26.7%
CCOI Cogent Communications Holdin 0.10% 376,497 $18.1M Add +16.5%
CVX Chevron Corp. 0.10% 125,577 $18.0M Reduce -25.7%
VRT Vertiv Holdings Co. Class A 0.10% 140,198 $17.9M Reduce -9.0%
CHKP Check Point Software Tech 0.10% 80,542 $17.8M Reduce -19.9%
HIW Highwoods Properties Inc. 0.10% 565,965 $17.5M Add +3.7%
CRM Salesforce Inc. 0.10% 63,191 $17.3M Add +518.1%
SBUX Starbucks Corp. 0.10% 186,120 $17.1M Add +17.3%
CMCSA Comcast Corp. Class A 0.10% 471,152 $17.0M Reduce -21.3%
ICE Intercontinental Exchange Inc. 0.09% 90,435 $16.5M Add +11.5%
SE Sea Ltd.-ADR 0.09% 103,236 $16.5M Add +0.0%
NOW ServiceNow Inc. 0.09% 15,954 $16.4M Add +173.2%
AMSF Amerisafe Inc. 0.09% 365,238 $16.1M Reduce -1.8%
OSK Oshkosh Corp. 0.09% 139,537 $15.9M Reduce -10.3%
TAP Molson Coors Beverage Co. Class B 0.09% 324,843 $15.6M Add +4.6%
PYPL PayPal Holdings Inc. 0.09% 210,328 $15.6M Add +1.7%
RNW Renew Energy Global PLC-A 0.09% 2,188,498 $15.3M Add +14.6%
CP Canadian Pacific Kansas City 0.09% 191,703 $15.2M Reduce -15.3%
PFE Pfizer Inc. 0.09% 630,454 $15.1M Reduce -13.7%
TSCO Tractor Supply Company 0.08% 271,268 $14.4M Reduce -2.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 301,890 $14.2M No change
INTC Intel Corp. 0.08% 634,008 $13.9M Reduce -74.1%
CRGO Freightos Ltd. 0.08% 6,871,094 $13.7M No change
LUV Southwest Airlines Co. 0.08% 424,717 $13.6M Reduce -4.5%
BRKR Bruker Corp. 0.08% 329,234 $13.5M Add +50.5%
CEG Constellation Energy 0.08% 41,466 $13.4M Add +13.2%
PODD Insulet Corp. 0.08% 42,295 $13.3M Add +0.0%
WTW Willis Towers Watson PLC 0.07% 42,178 $12.9M Reduce -2.3%
TXRH Texas Roadhouse Inc. 0.07% 68,659 $12.8M Add +4.6%
GEV GE Vernova Inc. 0.07% 24,217 $12.8M New
FLYW Flywire Corp.-Voting 0.07% 1,056,446 $12.7M New
TER Teradyne Inc. 0.07% 140,703 $12.7M Add +1244.5%
XOM Exxon Mobil Corp. 0.07% 117,024 $12.6M Reduce -40.9%
BBWI Bath & Body Works Inc. 0.07% 408,213 $12.2M New
VOYA Voya Financial Inc. 0.07% 172,368 $12.2M Add +27.7%
SRAD Sportradar Group AG-A 0.07% 429,540 $12.0M New
CYBR Cyberark Software Ltd./Israel 0.07% 29,121 $11.9M New
CVNA Carvana Co. 0.07% 34,995 $11.8M New
BUR Burford Capital Ltd. 0.07% 1,005,634 $11.8M No change
LIVN Livanova PLC 0.07% 261,378 $11.8M New
CGNX Cognex Corp. 0.07% 363,273 $11.6M New
CE Celanese Corp. 0.07% 210,877 $11.6M New
GILD Gilead Sciences Inc. 0.07% 104,368 $11.6M Reduce -22.6%
M Macy's Inc. 0.07% 964,529 $11.6M New
KOS Kosmos Energy Ltd. 0.07% 5,767,842 $11.5M Reduce -16.1%
CRS Carpenter Technology 0.07% 41,513 $11.5M New
IRTC Irhythm Holdings Inc. 0.07% 74,398 $11.5M New
FOLD Amicus Therapeutics Inc. 0.06% 1,884,985 $11.3M New
FSK FS KKR Capital Corp. 0.06% 535,000 $11.2M Reduce -18.9%
TGNA Tegna Inc. 0.06% 649,238 $11.0M New
MDLZ Mondelez International Inc. Class A 0.06% 164,731 $11.0M Reduce -13.6%
HWC Hancock Whitney Corp. 0.06% 193,539 $11.0M Add +0.0%
TOST Toast Inc. Class A 0.06% 250,550 $11.0M New
NFLX Netflix Inc. 0.06% 8,228 $11.0M Reduce -13.7%
CCS Century Communities Inc. 0.06% 196,425 $11.0M New
DY Dycom Industries Inc. 0.06% 44,746 $10.9M New
BMRN Biomarin Pharmaceutical Inc. 0.06% 198,255 $10.9M New
DT Dynatrace Inc. 0.06% 197,268 $10.8M New
SPSC SPS Commerce Inc. 0.06% 78,881 $10.7M Add +0.0%
DV Doubleverify Holdings Inc. 0.06% 712,772 $10.7M New
SFM Sprouts Farmers Market Inc. 0.06% 64,437 $10.6M New
TGT Target Corp. 0.06% 106,874 $10.6M Reduce -2.4%
SCHW Schwab (charles) Corp. 0.06% 114,848 $10.5M Reduce -11.2%
NICE Nice Ltd. - Spon ADR 0.06% 61,337 $10.4M No change
CAT Caterpillar Inc. 0.06% 26,613 $10.3M Reduce -10.4%
TCOM Trip.com Group Ltd.-ADR 0.06% 174,801 $10.3M Reduce -30.4%
EXAS Exact Sciences Corp. 0.06% 192,574 $10.2M New
FN Fabrinet 0.06% 34,211 $10.1M Add +2.3%
MSCI MSCI Inc. 0.06% 17,228 $9.9M Add +0.0%
SYK Stryker Corp. 0.06% 25,085 $9.9M No change
WHR Whirlpool Corp. 0.06% 98,136 $9.9M Add +9.0%
KKR KKR & Co. Inc. 0.06% 73,200 $9.7M Reduce -12.9%
ZBH Zimmer Biomet Holdings Inc. 0.06% 106,970 $9.7M Add +18.1%
PCG P G & E Corp. 0.06% 694,753 $9.7M Add +30.4%
ACHC Acadia Healthcare Co. Inc. 0.06% 419,416 $9.6M New
TPH Tri Pointe Homes Inc. 0.06% 301,448 $9.6M New
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 0.05% 101,457 $9.5M Reduce -0.0%
TPR Tapestry Inc. 0.05% 107,531 $9.5M Reduce -40.5%
EFOR Everforth Inc. filed as ASGN INC 0.05% 188,795 $9.4M New
BCRX Biocryst Pharmaceuticals Inc. 0.05% 1,046,016 $9.4M New
NNN NNN REIT Inc. 0.05% 218,674 $9.4M Add +0.1%
COLB Columbia Banking System Inc. 0.05% 404,086 $9.3M Add +0.0%
VLY Valley National Bancorp 0.05% 1,029,231 $9.3M Add +0.0%
FLYYQ Spirit Aviation Holdings Inc. 0.05% 1,835,681 $9.2M New
BLDR Builders Firstsource Inc. 0.05% 76,938 $9.0M New
BCC Boise Cascade Co. 0.05% 103,268 $9.0M New
AMKR Amkor Technology Inc. 0.05% 427,676 $9.0M Reduce -49.0%
HELE Helen of Troy Ltd. 0.05% 319,686 $9.0M New
APTV Aptiv PLC 0.05% 127,858 $8.7M No change
OGN Organon & Co. 0.05% 867,634 $8.7M Add +133.7%
POWI Power Integrations Inc. 0.05% 153,428 $8.6M Add +0.0%
RELY Remitly Global Inc. 0.05% 444,795 $8.5M Add +0.0%
INTA Intapp Inc. 0.05% 160,589 $8.4M Add +0.0%
CCEP Coca-Cola Europacific Partne 0.05% 89,578 $8.3M Reduce -28.3%
PRCT Procept Biorobotics Corp. 0.05% 143,559 $8.3M Add +0.0%
ICLR Icon PLC 0.05% 57,399 $8.3M Add +0.0%
BBY Best Buy Co. Inc. 0.05% 123,538 $8.3M Reduce -2.4%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.05% 458,505 $8.3M Reduce -94.9%
FBIN Fortune Brands Innovations I 0.05% 161,609 $8.2M Add +0.0%
CRNX Crinetics Pharmaceuticals Inc. 0.05% 281,896 $8.2M Add +0.0%
WBD Warner Bros Discovery Inc. 0.05% 739,336 $8.1M Reduce -3.0%
PG The Procter & Gamble Co. 0.04% 49,262 $7.8M Reduce -49.7%
BX Blackstone Inc. 0.04% 52,161 $7.8M Reduce -8.6%
AXON Axon Enterprise Inc. 0.04% 9,417 $7.8M Add +0.3%
ROK Rockwell Automation Inc. 0.04% 23,463 $7.8M New
KMT Kennametal Inc. 0.04% 337,579 $7.8M New
ICFI Icf International Inc. 0.04% 91,001 $7.7M Add +0.0%
HAL Halliburton Co. 0.04% 372,139 $7.4M Add +18.8%
COTY Coty Inc. Class A 0.04% 1,451,698 $7.3M Reduce -1.5%
TXN Texas Instruments Inc. 0.04% 34,859 $7.3M Reduce -34.5%
TFX Teleflex Inc. 0.04% 60,599 $7.2M Add +0.0%
WMT Walmart Inc. 0.04% 72,836 $7.1M Add +0.1%
REGN Regeneron Pharmaceuticals 0.04% 13,575 $7.1M Add +0.0%
INSP Inspire Medical Systems Inc. 0.04% 52,924 $6.9M Add +0.0%
OC Owens Corning 0.04% 49,591 $6.8M Reduce -2.2%
EG Everest Group Ltd. 0.04% 20,087 $6.8M New
ARCC Ares Capital Corp. 0.04% 304,500 $6.7M Reduce -16.6%
JACK Jack in the Box Inc. 0.04% 388,179 $6.6M New
BIDU Baidu Inc. - Spon ADR 0.04% 76,449 $6.6M Reduce -87.0%
ENR Energizer Holdings Inc. 0.04% 321,720 $6.4M Add +23.0%
EXP Eagle Materials Inc. 0.04% 30,726 $6.2M Reduce -14.2%
YUMC Yum China Holdings Inc. 0.04% 136,551 $6.1M Add +0.3%
MRSH Marsh & McLennan Cos 0.03% 27,571 $6.0M Add +12.5%
VSH Vishay Intertechnology Inc. 0.03% 375,563 $6.0M Add +18.5%
CI The Cigna Group 0.03% 18,033 $6.0M No change
OCFT Oneconnect Financial Techno 0.03% 773,100 $5.4M Add +0.8%
GM General Motors Co. 0.03% 108,798 $5.3M Add +4.4%
DVN Devon Energy Corp. 0.03% 163,911 $5.2M Add +16.6%
BRNS Barinthus Biotherapeutics PL 0.03% 5,197,349 $5.2M No change
STLD Steel Dynamics Inc. 0.03% 38,747 $5.0M Reduce -31.4%
SW Smurfit Westrock PLC 0.03% 114,268 $4.9M Reduce -0.0%
FISV Fiserv Inc. 0.03% 27,553 $4.7M Add +32.9%
HES Hess Corp. 0.03% 34,067 $4.7M Reduce -9.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 15,712 $4.6M Reduce -57.3%
OBDC Blue Owl Capital Corp. 0.03% 327,000 $4.6M Reduce -33.3%
NKE Nike Inc. Class B 0.03% 64,012 $4.5M Add +3.8%
WDC Western Digital Corp. 0.03% 69,213 $4.4M Reduce -52.3%
LLY Eli Lilly & Co. 0.03% 5,665 $4.4M No change
BKNG Booking Holdings Inc. 0.03% 756 $4.4M Reduce -19.8%
REEAF Ree Automotive Ltd. Class A 0.02% 4,248,429 $4.2M No change
AMAT Applied Materials Inc. 0.02% 21,689 $4.0M Reduce -1.2%
MAN Manpowergroup Inc. 0.02% 97,545 $3.9M No change
HCM Hutchmed China-ADR 0.02% 259,617 $3.9M Add +0.4%
EMR Emerson Electric Co. 0.02% 28,971 $3.9M Reduce -29.9%
CL Colgate-Palmolive Co. 0.02% 40,005 $3.6M Reduce -28.8%
BILL Bill Holdings Inc. 0.02% 78,904 $3.6M No change
COP Conocophillips 0.02% 39,359 $3.5M Add +14.6%
MGA Magna International Inc. 0.02% 90,495 $3.5M No change
PEP Pepsico Inc. 0.02% 26,477 $3.5M Reduce -53.6%
TSLA Tesla Inc. 0.02% 10,894 $3.5M Reduce -69.5%
HUM Humana Inc. 0.02% 13,951 $3.4M No change
IBN Icici Bank Ltd.-Spon ADR 0.02% 86,839 $3.0M Add +27.9%
LAR Lithium Argentina AG 0.02% 1,457,176 $2.9M Reduce -1.7%
DE Deere & Co. 0.02% 5,659 $2.9M Add +0.3%
PANW Palo Alto Networks Inc. 0.02% 13,784 $2.8M Reduce -13.1%
ISRG Intuitive Surgical Inc. 0.02% 5,036 $2.7M Reduce -78.3%
APO Apollo Global Management Inc. 0.02% 19,000 $2.7M No change
CRH CRH PLC 0.02% 28,731 $2.6M No change
BSX Boston Scientific Corp. 0.01% 24,018 $2.6M Add +0.3%
ADI Analog Devices Inc. 0.01% 10,604 $2.5M Reduce -13.6%
SPGI S&P Global Inc. 0.01% 4,688 $2.5M Add +34.4%
ARBE Arbe Robotics Ltd. 0.01% 1,219,379 $2.4M No change
APP AppLovin Corp. Class A 0.01% 6,622 $2.3M Add +0.2%
ANET Arista Networks Inc. 0.01% 22,519 $2.3M Reduce -86.0%
AEM Agnico Eagle Mines Ltd. 0.01% 18,970 $2.3M No change
MFC Manulife Financial Corp. 0.01% 69,557 $2.2M No change
BLK BlackRock Inc. 0.01% 2,129 $2.2M Reduce -51.2%
FMC FMC Corp. 0.01% 49,614 $2.1M Reduce -49.9%
UPS United Parcel Service Class B 0.01% 19,595 $2.0M Reduce -38.7%
SLF Sun Life Financial Inc. 0.01% 28,740 $1.9M No change
NXPI NXP Semiconductors NV 0.01% 8,543 $1.9M Reduce -95.5%
ENPH Enphase Energy Inc. 0.01% 42,983 $1.7M No change
SNOW Snowflake Inc. 0.01% 7,576 $1.7M Add +0.3%
RDDT Reddit Inc. Class A 0.01% 10,523 $1.6M Add +0.3%
VLO Valero Energy Corp. 0.01% 11,721 $1.6M Reduce -25.5%
PSX Phillips 66 0.01% 13,103 $1.6M Reduce -40.9%
PNC PNC Financial Services Group 0.01% 8,198 $1.5M Reduce -28.3%
HPQ HP Inc. 0.01% 62,155 $1.5M Reduce -24.2%
TFC Truist Financial Corp. 0.01% 34,548 $1.5M Reduce -87.5%
USB US Bancorp 0.01% 32,634 $1.5M Reduce -88.1%
CMI Cummins Inc. 0.01% 4,387 $1.4M Reduce -31.1%
GOOG Alphabet Inc. Class C 0.01% 7,944 $1.4M Reduce -33.2%
MET Metlife Inc. 0.01% 17,338 $1.4M Reduce -20.6%
KMI Kinder Morgan Inc. 0.01% 46,314 $1.3M Reduce -25.5%
NTR Nutrien Ltd. 0.01% 22,264 $1.3M No change
HON Honeywell International Inc. 0.01% 5,535 $1.3M Add +0.3%
CVS CVS Health Corp. 0.01% 18,292 $1.3M Reduce -66.8%
PAYX Paychex Inc. 0.01% 8,540 $1.2M Reduce -41.7%
AFL Aflac Inc. 0.01% 11,669 $1.2M Reduce -33.1%
ECL Ecolab Inc. 0.01% 4,421 $1.2M Add +0.5%
KMB Kimberly-Clark Corp. 0.01% 8,911 $1.1M Reduce -38.3%
BIIB Biogen Inc. 0.01% 8,593 $1.1M Reduce -88.2%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.01% 14,486 $1.0M Add +0.3%
AMD Advanced Micro Devices 0.01% 6,615 $939K Reduce -53.9%
KRYS Krystal Biotech Inc. 0.01% 6,748 $924K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 7,415 $919K Reduce -43.1%
DELL Dell Technologies -C 0.01% 7,374 $907K Reduce -37.5%
NTAP Netapp Inc. 0.01% 8,460 $905K Reduce -16.0%
NTRS Northern Trust Corp. 0.01% 7,061 $897K Reduce -34.1%
VEEV Veeva Systems Inc. Class A 0.01% 3,075 $886K Add +0.8%
HPE Hewlett Packard Enterprise 0.00% 41,994 $840K Reduce -30.6%
GLW Corning Inc. 0.00% 15,088 $800K Reduce -40.8%
WELL Welltower Inc. 0.00% 5,181 $798K Add +106.9%
GEN Gen Digital Inc. 0.00% 26,559 $770K Reduce -9.1%
MTB M & T Bank Corp. filed as M & T BK CORP 0.00% 3,949 $766K Reduce -93.4%
FITB Fifth Third Bancorp 0.00% 17,974 $737K Reduce -44.3%
IMO Imperial Oil Ltd. 0.00% 9,220 $732K No change
GPC Genuine Parts Co. 0.00% 5,834 $706K Reduce -10.9%
ALV Autoliv Inc. 0.00% 6,269 $702K Add +0.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.00% 7,197 $698K Reduce -33.0%
STT State Street Corp. 0.00% 6,552 $695K No change
DRI Darden Restaurants Inc. 0.00% 3,159 $689K Reduce -45.1%
PKG Packaging Corp. of America 0.00% 3,636 $684K Reduce -14.4%
JNPR Juniper Networks Inc. 0.00% 16,892 $676K No change
PGNY Progyny Inc. 0.00% 30,542 $672K Add +2.6%
LYB Lyondellbasell Indu Class A 0.00% 11,253 $653K Reduce -4.4%
ALC Alcon Inc. filed as ALCON AG 0.00% 7,261 $641K Add +0.9%
PEG Public Service Enterprise GP 0.00% 7,547 $634K Reduce -58.5%
DKS Dick's Sporting Goods Inc. 0.00% 3,162 $626K No change
CTRA Coterra Energy Inc. 0.00% 24,894 $622K Reduce -33.8%
EXE Expand Energy Corp. 0.00% 5,301 $620K No change
RPRX Royalty Pharma PLC Class A 0.00% 17,200 $619K No change
OMC Omnicom Group 0.00% 8,596 $619K Reduce -9.5%
XEL Xcel Energy Inc. 0.00% 8,970 $610K Reduce -53.8%
FNF Fidelity National Financial 0.00% 10,645 $596K Reduce -10.4%
HAS Hasbro Inc. 0.00% 7,772 $575K No change
GIS General Mills Inc. 0.00% 10,896 $567K Reduce -59.8%
ED Consolidated Edison Inc. 0.00% 5,637 $564K Reduce -67.1%
SWKS Skyworks Solutions Inc. 0.00% 6,897 $517K No change
IPG Interpublic Group of Cos Inc. 0.00% 20,869 $501K No change
TU Telus Corp. 0.00% 30,770 $497K Add +2.0%
WTRG Essential Utilities Inc. 0.00% 13,025 $482K No change
OTEX Open Text Corp. 0.00% 13,465 $396K No change
PLD Prologis Inc. 0.00% 3,711 $390K Add +11.1%
VLTO Veralto Corp. 0.00% 3,797 $383K Add +29.9%
XYL Xylem Inc. 0.00% 2,894 $373K Add +17.6%
EW Edwards Lifesciences Corp. 0.00% 4,661 $364K Add +0.8%
SNPS Synopsys Inc. 0.00% 657 $337K No change
MASI Masimo Corp. 0.00% 1,623 $273K Add +0.8%
TRMB Trimble Inc. 0.00% 3,586 $273K No change
WMS Advanced Drainage Systems Inc. 0.00% 2,173 $250K No change
DAR Darling Ingredients Inc. 0.00% 5,653 $215K No change
PSA Public Storage 0.00% 729 $214K Add +11.1%
DLR Digital Realty Trust Inc. 0.00% 1,205 $210K Add +11.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.00% 6,284 $207K Add +11.1%
REG Regency Centers Corp. 0.00% 2,888 $205K Add +13.2%
O Realty Income Corp. 0.00% 3,509 $204K Add +11.2%
EPRT Essential Properties Realty 0.00% 6,262 $200K New
ELME Elme Communities 0.00% 12,505 $200K New
CSR Centerspace 0.00% 3,325 $200K Add +11.1%
SPG Simon Property Group Inc. 0.00% 1,239 $199K Reduce -44.9%
UNIT Uniti Group LLC Com SHS 0.00% 49,484 $198K New
ADC Agree Realty Corp. 0.00% 2,711 $198K New
COLD Americold Realty Trust Inc. 0.00% 11,637 $198K New
PECO Phillips Edison & Company Inc. 0.00% 5,631 $197K Add +11.1%
PCH Potlatchdeltic Corp. 0.00% 5,153 $196K New
AKR Acadia Realty Trust 0.00% 10,275 $195K New
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.00% 11,473 $195K New
SILA Sila Realty Trust Inc. 0.00% 8,061 $193K New
MAA Mid-America Apartment Comm 0.00% 1,287 $190K New
BRX Brixmor Property Group Inc. 0.00% 7,279 $189K Add +11.2%
SKT Tanger Inc. 0.00% 6,095 $189K Add +11.2%
ELS Equity Lifestyle Properties 0.00% 3,044 $189K Add +11.2%
CDP Copt Defense Properties 0.00% 6,740 $189K Add +11.2%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.00% 11,091 $189K Add +11.1%
CHCT Community Healthcare Trust I 0.00% 11,044 $188K Add +11.1%
IVT Inventrust Properties Corp. 0.00% 6,943 $187K Add +11.1%
TREX Trex Company Inc. 0.00% 3,440 $186K No change
WSR Whitestone REIT 0.00% 14,949 $179K New
AHRT Ah Realty Trust Inc. filed as ARMADA HOFFLER PPTYS INC 0.00% 23,112 $162K Add +11.2%
RLJ RLJ Lodging Trust 0.00% 22,510 $158K Add +11.2%
Other holdings (26): bonds, preferreds, convertibles and warrants · $666.6M (not counted above)
SecurityClassShares / PrincipalValueChange
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 26,470,000$98.3MReduce -0.7%
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 59,061,000$77.4MAdd +89.8%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 40,393,000$72.3MReduce -16.4%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 40,687,000$58.2MReduce -16.7%
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 34,856,000$41.5MNew
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 30,186,000$38.0MReduce -14.4%
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 36,053,000$32.4MNo change
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 27,019,000$28.6MReduce -0.7%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 22,613,000$27.1MReduce -1.6%
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 20,911,000$20.1MReduce -7.1%
SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) NOTE 3.250%11/0 · principal 13,553,000$19.7MReduce -4.0%
NICE LTD (NICEIT 0 09/15/25) NOTE 9/1 · principal 19,592,000$19.4MReduce -7.5%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 11,796,000$18.0MReduce -1.4%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 16,609,000$15.9MReduce -38.0%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 14,799,000$15.8MNew
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 11,275,000$15.8MReduce -1.8%
VERTEX INC (VERX 0.75 05/01/29) NOTE 0.750% 5/0 · principal 12,085,000$14.4MNew
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 10,396,000$12.9MNo change
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) MTNF 0.600% 5/2 · principal 12,896,000$12.5MNo change
ITRON INC (ITRI 0 03/15/26) NOTE 3/1 · principal 7,895,000$8.9MReduce -0.8%
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) NOTE 0.250% 3/1 · principal 4,672,000$8.2MNo change
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) NOTE 2.500% 2/0 · principal 7,219,000$6.2MNo change
BOX INC (BOX 0 01/15/26) NOTE 1/1 · principal 2,894,000$3.8MNo change
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 500,000$500KNew
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 409,239$479KAdd +2.1%
CRGOW Freightos Ltd.-CW28 *W EXP 99/99/999 495,000$0No 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 344$19.3BAMCR, MSFT, AZN, AVGO, MEOH
Q1 2026 352$18.8BMSFT, AMCR, AZN, MEOH, META
Q4 2025 346$18.7BMSFT, AMCR, META, MEOH, GOOGL
Q3 2025 340$18.0BMSFT, AMCR, META, MEOH, GOOGL
Q2 2025 388$17.5BMSFT, AMCR, META, MEOH, NEE
Q1 2025 408$15.3BMSFT, AMCR, META, MEOH, BMY
Q4 2024 394$15.7BMSFT, MEOH, AMCR, AVGO, BMY
Q3 2024 386$16.1BMSFT, AMCR, AVGO, MEOH, BMY
Q2 2024 376$14.6BMSFT, MEOH, AVGO, AMCR, BMY
Q1 2024 345$14.3BMSFT, MEOH, AVGO, BMY, GOOGL