M&G PLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), M&G PLC reported 346 stock positions worth $18.7 billion. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Amcor (AMCR, 4.9%) and Meta Platforms Class A (META, 3.1%). Compared with Q3 2025, it opened 54 new positions, sold out of 48, added to 149 and reduced 104. The biggest buy was a new position in Totalenergies (TTE) and the biggest sale Meta Platforms Class A (META, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001802539
- Portfolio Value
- $18.7B (Q4 2025)
- SEC Filing
- 0001193125-26-048106 ↗ filed Feb 12, 2026
Holdings Value
Holdings 346 stocks · $18.7B
| MSFT Microsoft Corp. | 6.29% | 2,423,543 | $1.2B | Add +5.1% |
| AMCR Amcor PLC | 4.93% | 114,989,595 | $919.9M | Add +6.1% |
| META Meta Platforms Inc. Class A | 3.10% | 877,138 | $578.9M | Reduce -6.0% |
| MEOH Methanex Corp. | 2.73% | 12,756,931 | $510.3M | No change |
| GOOGL Alphabet Inc. Class A | 2.55% | 1,521,081 | $476.1M | Reduce -7.9% |
| VFC VF Corp. | 2.46% | 25,550,701 | $459.9M | Add +12.9% |
| BMY Bristol-Myers Squibb Co. | 2.06% | 7,135,481 | $385.3M | Add +3.6% |
| NEE Nextera Energy Inc. | 2.05% | 4,778,847 | $382.3M | Reduce -3.2% |
| WFC Wells Fargo & Co. | 1.73% | 3,464,877 | $322.2M | Add +17.6% |
| QCOM Qualcomm Inc. | 1.67% | 1,817,789 | $310.8M | Add +45.6% |
| UNH Unitedhealth Group Inc. | 1.53% | 866,755 | $286.0M | Reduce -1.0% |
| JCI Johnson Controls Internation | 1.53% | 2,383,468 | $286.0M | Reduce -9.5% |
| AAPL Apple Inc. | 1.52% | 1,044,982 | $284.2M | Add +9.8% |
| HTHT H World Group Ltd.-ADR | 1.51% | 6,006,941 | $282.3M | Reduce -8.4% |
| ACN Accenture PLC Class A | 1.49% | 1,036,989 | $277.9M | Add +6.1% |
| AVGO Broadcom Inc. | 1.47% | 792,181 | $274.1M | Add +90.8% |
| CME Cme Group Inc. | 1.46% | 994,710 | $271.6M | Add +1.5% |
| NVDA Nvidia Corp. | 1.42% | 1,414,305 | $264.5M | Reduce -3.9% |
| SNPS Synopsys Inc. | 1.41% | 559,866 | $263.1M | Reduce -1.3% |
| V Visa Inc. Class A | 1.38% | 733,971 | $257.6M | Add +0.3% |
| HDB HDFC Bank Ltd.-ADR | 1.35% | 6,804,212 | $251.8M | Reduce -2.4% |
| RSG Republic Services Inc. | 1.35% | 1,184,478 | $251.1M | Reduce -1.2% |
| MDT Medtronic PLC | 1.30% | 2,533,791 | $243.2M | Reduce -10.8% |
| EQIX Equinix Inc. | 1.28% | 312,490 | $239.4M | Reduce -3.8% |
| TMO Thermo Fisher Scientific Inc. | 1.28% | 412,911 | $239.1M | Reduce -6.5% |
| LOW Lowe's Cos Inc. | 1.19% | 918,759 | $221.4M | Reduce -1.9% |
| ELV Elevance Health Inc. | 1.18% | 628,980 | $220.8M | Reduce -38.0% |
| TTE Totalenergies SE | 1.17% | 3,309,468 | $217.4M | New |
| EBAY eBay Inc. | 1.14% | 2,455,872 | $213.7M | Reduce -1.0% |
| FNV Franco-Nevada Corp. | 1.14% | 1,025,755 | $213.0M | Reduce -0.8% |
| UBS UBS Group AG-Reg | 1.12% | 4,500,778 | $209.6M | Add +9.5% |
| ARES Ares Management Corp. Class A | 1.06% | 1,219,112 | $197.5M | Add +13.7% |
| LRCX Lam Research Corp. | 1.05% | 1,148,445 | $196.4M | Reduce -34.5% |
| AMT American Tower Corp. | 1.01% | 1,075,131 | $189.2M | Add +6.5% |
| BDX Becton Dickinson and Co. | 0.95% | 917,351 | $178.0M | Reduce -1.9% |
| DGX Quest Diagnostics Inc. | 0.88% | 945,052 | $164.4M | Reduce -13.3% |
| AMGN Amgen Inc. | 0.81% | 459,393 | $150.2M | Add +1.1% |
| AXP American Express Co. | 0.74% | 374,980 | $138.7M | Reduce -8.7% |
| ON On Semiconductor | 0.74% | 2,564,222 | $138.5M | Reduce -3.1% |
| KVUE Kenvue Inc. | 0.74% | 8,135,231 | $138.3M | Add +1.3% |
| AMZN Amazon.com Inc. | 0.72% | 578,760 | $133.7M | Reduce -28.3% |
| ENB Enbridge Inc. | 0.71% | 2,736,957 | $131.6M | Reduce -2.5% |
| CSX CSX Corp. | 0.70% | 3,626,457 | $130.6M | Reduce -5.1% |
| MICC The Magnum Ice Cream Co. NV | 0.69% | 7,878,979 | $129.2M | New |
| LNG Cheniere Energy Inc. | 0.67% | 645,060 | $125.1M | Add +16.0% |
| BALL Ball Corp. | 0.66% | 2,326,812 | $123.3M | Add +242.9% |
| MA Mastercard Inc. Class A | 0.63% | 206,977 | $118.2M | Add +1.3% |
| MSA Msa Safety Inc. | 0.62% | 728,727 | $116.6M | Add +0.7% |
| EWW iShares MSCI Mexico ETF | 0.62% | 2,257,723 | $116.4M | No change |
| IP International Paper Co. | 0.62% | 3,051,194 | $116.1M | Reduce -4.1% |
| A Agilent Technologies Inc. | 0.60% | 820,900 | $111.6M | Reduce -10.0% |
| ATAT Atour Lifestyle Holdings-ADR | 0.59% | 2,810,379 | $109.6M | Reduce -7.1% |
| CRM Salesforce Inc. | 0.57% | 401,469 | $106.4M | Add +9.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.56% | 341,062 | $103.7M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.53% | 307,302 | $99.0M | Reduce -8.2% |
| LIN Linde PLC | 0.50% | 217,136 | $92.5M | Add +4.1% |
| STX Seagate Technology Holdings | 0.46% | 314,388 | $86.5M | Reduce -21.3% |
| MSI Motorola Solutions Inc. | 0.45% | 217,418 | $83.3M | Add +40.4% |
| TTEK Tetra Tech Inc. | 0.44% | 2,405,586 | $81.8M | Reduce -0.2% |
| BN Brookfield Corp. | 0.43% | 1,753,313 | $80.7M | Add +2.1% |
| AWK American Water Works Co. Inc. | 0.42% | 599,806 | $78.6M | Add +10.0% |
| ADSK Autodesk Inc. | 0.42% | 264,574 | $78.3M | Reduce -0.3% |
| OKE Oneok Inc. | 0.41% | 1,022,253 | $75.6M | Reduce -1.6% |
| ATHM Autohome Inc.-ADR | 0.40% | 3,420,121 | $75.2M | Add +13.7% |
| GRMN Garmin Ltd. | 0.39% | 354,249 | $71.9M | Add +53.0% |
| EXC Exelon Corp. | 0.37% | 1,582,104 | $69.6M | Reduce -5.2% |
| BFAM Bright Horizons Family Solut | 0.36% | 669,281 | $67.6M | Reduce -2.8% |
| SRE Sempra | 0.36% | 763,217 | $67.2M | Reduce -7.8% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.35% | 570,873 | $66.2M | Reduce -14.0% |
| WY Weyerhaeuser Co. | 0.35% | 2,740,420 | $65.8M | Add +11.5% |
| INTU Intuit Inc. | 0.34% | 96,466 | $63.9M | Add +11.6% |
| MU Micron Technology Inc. | 0.34% | 224,017 | $63.8M | Reduce -36.4% |
| COF Capital One Financial Corp. | 0.33% | 257,068 | $62.2M | Reduce -26.4% |
| MELI MercadoLibre Inc. | 0.32% | 30,001 | $60.4M | Add +0.6% |
| ES Eversource Energy | 0.32% | 881,936 | $59.1M | Reduce -9.5% |
| CCJ Cameco Corp. | 0.31% | 638,539 | $58.6M | Reduce -30.6% |
| ABBV Abbvie Inc. | 0.31% | 252,945 | $57.7M | Reduce -4.9% |
| LULU Lululemon Athletica Inc. | 0.31% | 276,950 | $57.6M | Reduce -8.9% |
| TRP TC Energy Corp. | 0.30% | 1,034,888 | $56.9M | Reduce -12.1% |
| ILMN Illumina Inc. | 0.30% | 427,975 | $56.1M | Reduce -2.6% |
| CVE Cenovus Energy Inc. | 0.30% | 3,345,588 | $56.1M | Reduce -9.3% |
| BRKR Bruker Corp. | 0.29% | 1,141,051 | $53.6M | Add +4.1% |
| ALC Alcon Inc. filed as ALCON AG | 0.27% | 638,181 | $50.9M | Add +16.7% |
| RCL Royal Caribbean Cruises Ltd. | 0.26% | 174,825 | $48.8M | Reduce -9.7% |
| STLA Stellantis NV | 0.26% | 4,365,673 | $48.5M | Add +28.9% |
| IPGP Ipg Photonics Corp. | 0.24% | 620,845 | $44.7M | Reduce -2.6% |
| ORCL Oracle Corp. | 0.24% | 224,995 | $43.9M | Reduce -16.7% |
| ADBE Adobe Inc. | 0.23% | 122,583 | $42.9M | Add +7.9% |
| C Citigroup Inc. | 0.21% | 338,644 | $39.6M | Reduce -25.1% |
| ONC Beone Medicines Ltd.-ADR | 0.21% | 129,791 | $39.5M | Add +7.5% |
| MRK Merck & Co. Inc. | 0.21% | 371,267 | $39.0M | Add +2.3% |
| MANH Manhattan Associates Inc. | 0.21% | 222,119 | $38.4M | Add +0.8% |
| CSCO Cisco Systems Inc. | 0.20% | 492,275 | $37.9M | Add +3.3% |
| PDD PDD Holdings Inc. | 0.20% | 325,505 | $36.8M | Reduce -0.0% |
| ABT Abbott Laboratories | 0.19% | 281,729 | $35.2M | Add +18.5% |
| EIX Edison International | 0.19% | 585,094 | $35.1M | Reduce -36.1% |
| CARR Carrier Global Corp. | 0.19% | 661,373 | $35.1M | Add +68.9% |
| ZTS Zoetis Inc. | 0.19% | 275,127 | $34.7M | Add +129.3% |
| REXR Rexford Industrial Realty Inc. | 0.18% | 883,769 | $34.5M | Reduce -3.6% |
| TECK Teck Resources Ltd.-CLS B | 0.18% | 716,307 | $34.4M | Add +9.4% |
Options reported separately and not counted above: STX puts ($8.5M).
Other holdings (31): bonds, preferreds, convertibles and warrants · $796.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 29,094,000 | $171.3M | Reduce -1.2% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 39,639,000 | $51.5M | Reduce -2.6% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 25,512,000 | $49.7M | Add +126.3% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 36,053,000 | $40.4M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 36,839,000 | $39.8M | No change |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 37,455,000 | $36.3M | No change |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 34,856,000 | $34.9M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 30,186,000 | $34.4M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 10,287,000 | $34.4M | Reduce -34.8% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 26,381,000 | $33.5M | Reduce -2.4% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 17,576,000 | $28.6M | Reduce -22.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 26,397,000 | $26.1M | Add +55.7% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 17,957,000 | $23.9M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 22,535,000 | $22.1M | Reduce -16.0% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 21,586,000 | $19.9M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 10,396,000 | $19.5M | No change |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 15,177,000 | $16.4M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 14,799,000 | $14.2M | No change |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 12,620,000 | $13.6M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 9,050,000 | $13.1M | No change |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 12,149,000 | $11.7M | New |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 12,085,000 | $11.5M | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 6,329,000 | $10.0M | No change |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 4,672,000 | $9.8M | No change |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 7,895,000 | $7.7M | No change |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 5,131,000 | $7.3M | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 7,219,000 | $6.5M | No change |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 4,553,000 | $4.6M | Reduce -30.2% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 2,894,000 | $3.4M | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 300,000 | $294K | No change |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 495,000 | $74K | No change |
Total filed on the 13F, all lines: $19.5B.
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -6.0% | 3.10% | −0.70 |
| ELV Elevance Health Inc. | Reduce -38.0% | 1.18% | −0.64 |
| DGX Quest Diagnostics Inc. | Reduce -13.3% | 0.88% | −0.28 |
| AMZN Amazon.com Inc. | Reduce -28.3% | 0.72% | −0.27 |
| LRCX Lam Research Corp. | Reduce -34.5% | 1.05% | −0.25 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.21 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.21 |
| MDT Medtronic PLC | Reduce -10.8% | 1.30% | −0.20 |
| ORCL Oracle Corp. | Reduce -16.7% | 0.24% | −0.19 |
| IP International Paper Co. | Reduce -4.1% | 0.62% | −0.18 |
| RSG Republic Services Inc. | Reduce -1.2% | 1.35% | −0.18 |
| KO The Coca-Cola Co. | Reduce -64.4% | 0.09% | −0.17 |
| UNH Unitedhealth Group Inc. | Reduce -1.0% | 1.53% | −0.15 |
| SNPS Synopsys Inc. | Reduce -1.3% | 1.41% | −0.14 |
| FNV Franco-Nevada Corp. | Reduce -0.8% | 1.14% | −0.14 |
| EQIX Equinix Inc. | Reduce -3.8% | 1.28% | −0.13 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.13 |
| LOW Lowe's Cos Inc. | Reduce -1.9% | 1.19% | −0.12 |
| CCJ Cameco Corp. | Reduce -30.6% | 0.31% | −0.12 |
| CCI Crown Castle Inc. | Reduce -31.5% | 0.18% | −0.12 |
| NVDA Nvidia Corp. | Reduce -3.9% | 1.42% | −0.11 |
| EBAY eBay Inc. | Reduce -1.0% | 1.14% | −0.11 |
| AES AES Corp. | Reduce -40.8% | 0.15% | −0.09 |
| EIX Edison International | Reduce -36.1% | 0.19% | −0.09 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -9.7% | 0.26% | −0.09 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.09 |
| COF Capital One Financial Corp. | Reduce -26.4% | 0.33% | −0.08 |
| ENB Enbridge Inc. | Reduce -2.5% | 0.71% | −0.08 |
| FISV Fiserv Inc. | Reduce -67.8% | 0.02% | −0.08 |
| JCI Johnson Controls Internation | Reduce -9.5% | 1.53% | −0.08 |
| WAL Western Alliance Bancorp | Reduce -60.2% | 0.04% | −0.08 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.08 |
| HBM Hudbay Minerals Inc. | Sold out | 0.00% | −0.08 |
| DASH DoorDash Inc. Class A | Sold out | 0.00% | −0.07 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −0.07 |
| ES Eversource Energy | Reduce -9.5% | 0.32% | −0.07 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.07 |
| SNOW Snowflake Inc. | Reduce -87.6% | 0.01% | −0.07 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.07 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.07 |
| CSX CSX Corp. | Reduce -5.1% | 0.70% | −0.06 |
| IRDM Iridium Communications Inc. | Sold out | 0.00% | −0.06 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.06 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.06 |
| TME Tencent Music Entertainm-ADR | Sold out | 0.00% | −0.06 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.06 |
| STX Seagate Technology Holdings | Reduce -21.3% | 0.46% | −0.06 |
| INSP Inspire Medical Systems Inc. | Sold out | 0.00% | −0.06 |
| WWW Wolverine World Wide Inc. | Sold out | 0.00% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -8.2% | 0.53% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| TTE Totalenergies SE | New | 1.17% | +1.17 |
| AVGO Broadcom Inc. | Add +90.8% | 1.47% | +0.71 |
| VFC VF Corp. | Add +12.9% | 2.46% | +0.70 |
| MICC The Magnum Ice Cream Co. NV | New | 0.69% | +0.69 |
| QCOM Qualcomm Inc. | Add +45.6% | 1.67% | +0.51 |
| BALL Ball Corp. | Add +242.9% | 0.66% | +0.47 |
| WFC Wells Fargo & Co. | Add +17.6% | 1.73% | +0.35 |
| BMY Bristol-Myers Squibb Co. | Add +3.6% | 2.06% | +0.34 |
| UBS UBS Group AG-Reg | Add +9.5% | 1.12% | +0.18 |
| AAPL Apple Inc. | Add +9.8% | 1.52% | +0.18 |
| ACN Accenture PLC Class A | Add +6.1% | 1.49% | +0.15 |
| TMUS T-Mobile US Inc. | New | 0.13% | +0.13 |
| AMCR Amcor PLC | Add +6.1% | 4.93% | +0.12 |
| ARES Ares Management Corp. Class A | Add +13.7% | 1.06% | +0.11 |
| AMGN Amgen Inc. | Add +1.1% | 0.81% | +0.09 |
| BRKR Bruker Corp. | Add +4.1% | 0.29% | +0.09 |
| AXSM Axsome Therapeutics Inc. | New | 0.09% | +0.09 |
| ZTS Zoetis Inc. | Add +129.3% | 0.19% | +0.09 |
| KSS Kohls Corp. | New | 0.09% | +0.09 |
| CRM Salesforce Inc. | Add +9.3% | 0.57% | +0.09 |
| STLA Stellantis NV | Add +28.9% | 0.26% | +0.08 |
| RYTM Rhythm Pharmaceuticals Inc. | New | 0.08% | +0.08 |
| CLS Celestica Inc. | New | 0.08% | +0.08 |
| FRMI Fermi Inc. | New | 0.08% | +0.08 |
| MTB M & T Bank Corp. | New | 0.08% | +0.08 |
| NXPI NXP Semiconductors NV | Add +782.3% | 0.09% | +0.08 |
| ATEC Alphatec Holdings Inc. | New | 0.08% | +0.08 |
| LRN Stride Inc. | New | 0.08% | +0.08 |
| GLW Corning Inc. | New | 0.07% | +0.07 |
| FMC FMC Corp. | New | 0.07% | +0.07 |
| CHTR Charter Communications Inc. Class A | New | 0.07% | +0.07 |
| COCO The Vita Coco Co. Inc. | New | 0.07% | +0.07 |
| SFM Sprouts Farmers Market Inc. | New | 0.07% | +0.07 |
| QFIN Qfin Holdings Inc.-ADR | New | 0.07% | +0.07 |
| DOCS Doximity Inc. Class A | New | 0.07% | +0.07 |
| OLED Universal Display Corp. | New | 0.07% | +0.07 |
| DY Dycom Industries Inc. | New | 0.07% | +0.07 |
| GRMN Garmin Ltd. | Add +53.0% | 0.39% | +0.07 |
| PII Polaris Inc. | New | 0.07% | +0.07 |
| VRSK Verisk Analytics Inc. | New | 0.07% | +0.07 |
| CARR Carrier Global Corp. | Add +68.9% | 0.19% | +0.06 |
| ICE Intercontinental Exchange Inc. | Add +66.2% | 0.15% | +0.05 |
| MSI Motorola Solutions Inc. | Add +40.4% | 0.45% | +0.05 |
| ALC Alcon Inc. | Add +16.7% | 0.27% | +0.05 |
| MRK Merck & Co. Inc. | Add +2.3% | 0.21% | +0.04 |
| RVMD Revolution Medicines Inc. | New | 0.04% | +0.04 |
| TPR Tapestry Inc. | Add +55.2% | 0.09% | +0.04 |
| PONY Pony AI Inc. | New | 0.04% | +0.04 |
| GLOB Globant SA | New | 0.03% | +0.03 |
| PLD Prologis Inc. | Add +1205.5% | 0.04% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -1.2% | 29,094,000 | $171.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -2.6% | 39,639,000 | $51.5M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +126.3% | 25,512,000 | $49.7M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -34.8% | 10,287,000 | $34.4M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Reduce -2.4% | 26,381,000 | $33.5M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Reduce -22.3% | 17,576,000 | $28.6M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Add +55.7% | 26,397,000 | $26.1M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 17,957,000 | $23.9M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -16.0% | 22,535,000 | $22.1M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | Sold out | 13,432,000 | $19.9Mbefore exit |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | New | 21,586,000 | $19.9M |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | New | 12,149,000 | $11.7M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | Sold out | 7,099,000 | $8.7Mbefore exit |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | New | 5,131,000 | $7.3M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Sold out | 6,486,000 | $7.3Mbefore exit |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | Reduce -30.2% | 4,553,000 | $4.6M |
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 |