Macquarie Group Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 14, 2025), Macquarie Group Ltd. reported 1,638 stock positions worth $80.4 billion. Its top holding was Microsoft (MSFT) at 3.4% of the portfolio, followed by Apple (AAPL, 2.6%) and Nvidia (NVDA, 2.6%). Compared with Q4 2024, it opened 164 new positions, sold out of 126, added to 677 and reduced 623. The biggest buy was Enbridge (ENB, shares +16422%) and the biggest sale Zebra Technologies Class A (ZBRA, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- Sydney, NSW 2000, C3
- CIK
- 0001418333
- Portfolio Value
- $80.4B (Q1 2025)
- SEC Filing
- 0000950123-25-008196 ↗ filed Aug 14, 2025
Holdings Value
Holdings 1,638 stocks · $80.4B
| MSFT Microsoft Corp. | 3.37% | 7,213,399 | $2.7B | Reduce -2.3% |
| AAPL Apple Inc. | 2.63% | 9,535,683 | $2.1B | Add +3.0% |
| NVDA Nvidia Corp. | 2.62% | 19,437,966 | $2.1B | Reduce -14.0% |
| AMZN Amazon.com Inc. | 2.11% | 8,936,786 | $1.7B | Reduce -0.0% |
| GOOGL Alphabet Inc. Class A | 1.36% | 7,085,344 | $1.1B | Reduce -8.0% |
| META Meta Platforms Inc. Class A | 1.36% | 1,899,114 | $1.1B | Reduce -12.4% |
| V Visa Inc. Class A | 1.04% | 2,383,316 | $835.3M | Reduce -2.3% |
| UNH Unitedhealth Group Inc. | 0.82% | 1,262,253 | $661.1M | Add +8.7% |
| AVGO Broadcom Inc. | 0.75% | 3,588,407 | $600.8M | Reduce -1.2% |
| MA Mastercard Inc. Class A | 0.69% | 1,004,835 | $550.7M | Add +29.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.67% | 3,228,974 | $536.0M | Add +4.3% |
| CDW CDW Corp. | 0.65% | 3,267,710 | $523.7M | Add +127.9% |
| CSGP Costar Group Inc. | 0.61% | 6,176,880 | $489.4M | Reduce -15.7% |
| HWM Howmet Aerospace Inc. | 0.58% | 3,606,806 | $467.9M | Add +2.0% |
| CRM Salesforce Inc. | 0.58% | 1,734,243 | $465.4M | Reduce -14.4% |
| ICE Intercontinental Exchange Inc. | 0.57% | 2,637,618 | $455.0M | Add +2.9% |
| VOO Vanguard S&P 500 ETF | 0.54% | 851,475 | $437.6M | Add +0.2% |
| XOM Exxon Mobil Corp. | 0.54% | 3,646,115 | $433.6M | Reduce -5.9% |
| EQIX Equinix Inc. | 0.52% | 517,337 | $421.8M | Add +21.8% |
| ALL Allstate Corp. | 0.47% | 1,831,217 | $379.2M | Reduce -4.7% |
| CSCO Cisco Systems Inc. | 0.47% | 6,123,114 | $377.8M | Reduce -25.6% |
| MRK Merck & Co. Inc. | 0.45% | 4,019,626 | $360.8M | Add +3.5% |
| ISRG Intuitive Surgical Inc. | 0.43% | 705,627 | $349.5M | Reduce -6.8% |
| SAP Sap SE-Sponsored ADR | 0.43% | 1,281,126 | $343.9M | Reduce -1.8% |
| CI The Cigna Group | 0.43% | 1,041,444 | $342.6M | Reduce -9.7% |
| KO The Coca-Cola Co. | 0.42% | 4,728,226 | $338.6M | Add +2.6% |
| JNJ Johnson & Johnson | 0.42% | 2,012,766 | $333.8M | Reduce -8.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.41% | 4,380,382 | $331.4M | Add +31.6% |
| NFLX Netflix Inc. | 0.39% | 338,186 | $315.4M | Reduce -11.9% |
| VEEV Veeva Systems Inc. Class A | 0.39% | 1,354,665 | $313.8M | Reduce -0.2% |
| CTSH Cognizant Tech Solutions-A | 0.39% | 4,067,142 | $311.1M | Reduce -3.9% |
| DUK Duke Energy Corp. | 0.39% | 2,545,442 | $310.5M | Reduce -15.9% |
| ENB Enbridge Inc. | 0.38% | 4,794,957 | $304.9M | Add +16421.8% |
| BABA Alibaba Group Holding-SP ADR | 0.37% | 2,274,279 | $300.7M | Add +0.3% |
| ADI Analog Devices Inc. | 0.37% | 1,460,720 | $294.6M | Reduce -22.8% |
| JPM JPMorgan Chase & Co. | 0.37% | 1,198,762 | $293.8M | Add +8.9% |
| COST Costco Wholesale Corp. | 0.36% | 305,242 | $288.7M | Add +3.3% |
| CVX Chevron Corp. | 0.36% | 1,721,943 | $288.1M | Reduce -12.4% |
| PODD Insulet Corp. | 0.36% | 1,093,078 | $287.1M | Add +58.2% |
| WCN Waste Connections Inc. | 0.35% | 1,454,330 | $283.9M | Add +0.3% |
| DHR Danaher Corp. | 0.35% | 1,381,788 | $283.3M | Reduce -29.9% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.35% | 3,949,878 | $282.7M | Reduce -9.5% |
| LLY Eli Lilly & Co. | 0.35% | 341,315 | $281.9M | Add +3.0% |
| WELL Welltower Inc. | 0.35% | 1,819,966 | $278.8M | Reduce -1.8% |
| CSX CSX Corp. | 0.35% | 9,427,908 | $277.5M | Add +258.3% |
| IDXX Idexx Laboratories Inc. | 0.34% | 655,401 | $275.2M | Add +36.1% |
| MU Micron Technology Inc. | 0.33% | 3,015,996 | $262.1M | Reduce -25.4% |
| TRV The Travelers Cos Inc. | 0.32% | 985,591 | $260.6M | Reduce -13.7% |
| LOW Lowe's Cos Inc. | 0.32% | 1,103,952 | $257.4M | Reduce -9.9% |
| HD Home Depot Inc. | 0.32% | 702,100 | $257.3M | Add +3.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 6,129,959 | $255.8M | Reduce -7.6% |
| EA Electronic Arts Inc. | 0.32% | 1,769,007 | $255.7M | Reduce -41.1% |
| MSCI MSCI Inc. | 0.32% | 448,106 | $253.4M | Add +15.8% |
| TFC Truist Financial Corp. | 0.32% | 6,153,507 | $253.2M | Reduce -9.8% |
| NKE Nike Inc. Class B | 0.31% | 3,891,721 | $247.0M | Add +3.7% |
| INTU Intuit Inc. | 0.30% | 396,017 | $243.1M | Reduce -5.6% |
| MELI MercadoLibre Inc. | 0.30% | 123,829 | $241.6M | Reduce -0.7% |
| T AT&T Inc. | 0.30% | 8,538,759 | $241.4M | Reduce -17.0% |
| SCHW Schwab (charles) Corp. | 0.30% | 3,070,936 | $240.4M | Add +758.9% |
| GOOG Alphabet Inc. Class C | 0.30% | 1,537,915 | $240.3M | Reduce -12.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 2,429,812 | $239.8M | Reduce -13.5% |
| NEE Nextera Energy Inc. | 0.29% | 3,327,618 | $235.9M | Add +1.7% |
| NOC Northrop Grumman Corp. | 0.29% | 452,803 | $231.8M | Reduce -14.7% |
| BKNG Booking Holdings Inc. | 0.29% | 50,201 | $231.3M | Add +9.0% |
| AEP American Electric Power | 0.29% | 2,112,595 | $230.8M | Add +120.3% |
| ONB Old National Bancorp | 0.29% | 10,882,339 | $230.6M | Add +5.8% |
| ODFL Old Dominion Freight Line | 0.29% | 1,389,115 | $229.8M | Add +86.6% |
| FAST Fastenal Co. | 0.28% | 2,883,641 | $223.6M | Reduce -7.6% |
| ORCL Oracle Corp. | 0.28% | 1,597,128 | $223.2M | Reduce -6.4% |
| DD Dupont DE Nemours Inc. | 0.27% | 2,956,247 | $220.8M | Reduce -11.1% |
| HUBS HubSpot Inc. | 0.27% | 382,046 | $218.3M | Add +11.0% |
| ABT Abbott Laboratories | 0.27% | 1,638,410 | $217.3M | Add +3.2% |
| MSI Motorola Solutions Inc. | 0.27% | 492,876 | $215.8M | Reduce -40.8% |
| BAX Baxter International Inc. | 0.26% | 6,192,270 | $212.0M | Reduce -11.9% |
| HSY The Hershey Co. | 0.26% | 1,231,530 | $210.6M | Reduce -8.0% |
| DFIV Dimensional International Va | 0.26% | 5,302,239 | $208.7M | Reduce -6.2% |
| TDY Teledyne Technologies Inc. | 0.26% | 419,203 | $208.6M | Reduce -18.4% |
| CAG Conagra Brands Inc. | 0.26% | 7,808,877 | $208.3M | Reduce -3.0% |
| SPGI S&P Global Inc. | 0.26% | 408,846 | $207.7M | Add +3.8% |
| PLD Prologis Inc. | 0.26% | 1,851,791 | $207.0M | Add +3.4% |
| FISV Fiserv Inc. | 0.26% | 931,817 | $205.8M | Reduce -4.8% |
| FIS Fidelity National Info Serv | 0.25% | 2,741,700 | $204.7M | Reduce -8.0% |
| BSX Boston Scientific Corp. | 0.25% | 2,006,742 | $202.4M | Add +4.3% |
| KRG Kite Realty Group Trust | 0.25% | 8,873,632 | $198.5M | Reduce -1.5% |
| PGR Progressive Corp. | 0.25% | 699,963 | $198.1M | Reduce -9.2% |
| DOV Dover Corp. | 0.24% | 1,106,409 | $194.4M | Reduce -11.3% |
| HON Honeywell International Inc. | 0.24% | 915,447 | $193.8M | Reduce -44.2% |
| PBH Prestige Consumer Healthcare | 0.24% | 2,252,490 | $193.6M | Reduce -2.5% |
| J Jacobs Solutions Inc. | 0.24% | 1,582,532 | $191.3M | Reduce -8.2% |
| COR Cencora Inc. | 0.24% | 681,153 | $189.4M | Reduce -16.8% |
| EFX Equifax Inc. | 0.23% | 755,825 | $184.1M | Reduce -0.7% |
| CPRT Copart Inc. | 0.23% | 3,245,764 | $183.7M | Reduce -24.0% |
| HOLX Hologic Inc. | 0.23% | 2,944,175 | $181.9M | Reduce -2.9% |
| BR Broadridge Financial Solutio | 0.22% | 743,884 | $180.4M | Reduce -22.4% |
| ESNT Essent Group Ltd. | 0.22% | 3,123,584 | $180.3M | Reduce -0.7% |
| INSM Insmed Inc. | 0.22% | 2,362,105 | $180.2M | Add +2.1% |
| GPC Genuine Parts Co. | 0.22% | 1,505,928 | $179.4M | Add +5.2% |
| PG The Procter & Gamble Co. | 0.22% | 1,046,185 | $178.2M | Reduce -3.2% |
| CCI Crown Castle Inc. | 0.22% | 1,695,767 | $176.7M | Add +52.7% |
| IRT Independence Realty Trust Inc. | 0.22% | 8,308,152 | $176.4M | Reduce -7.3% |
Other holdings (68): bonds, preferreds, convertibles and warrants · $149.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 7,320,000 | $7.2M | Add +10.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 6,711,000 | $6.6M | Add +147.6% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 4,336,000 | $5.2M | Reduce -8.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 4,860,000 | $5.0M | Add +9.0% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 4,639,000 | $5.0M | No change |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 5,086,000 | $4.8M | New |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 4,210,000 | $4.2M | Add +55.9% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 4,150,000 | $3.7M | Reduce -5.7% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 3,000,000 | $3.0M | Reduce -14.3% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 2,612,000 | $2.9M | No change |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 1,075,000 | $2.9M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,726,000 | $2.9M | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 2,639,000 | $2.8M | Reduce -1.6% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 2,879,000 | $2.8M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 56,328 | $2.7M | No change |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 1,156,000 | $2.7M | Reduce -15.4% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 2,825,000 | $2.7M | No change |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 2,763,000 | $2.6M | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 2,520,000 | $2.6M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 3,000,000 | $2.6M | Add +53.9% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 2,595,000 | $2.5M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,150,000 | $2.5M | New |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 2,449,000 | $2.5M | No change |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 2,485,000 | $2.4M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 2,000,000 | $2.4M | No change |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 3,472,000 | $2.3M | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,300,000 | $2.3M | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 2,225,000 | $2.2M | New |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 2,100,000 | $2.2M | Reduce -17.6% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 1,807,000 | $2.2M | Reduce -11.5% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,700,000 | $2.2M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 1,800,000 | $2.1M | New |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 2,100,000 | $2.1M | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 2,200,000 | $2.1M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 2,101,000 | $2.1M | Reduce -52.9% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 2,000,000 | $2.1M | No change |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 2,044,000 | $2.0M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,700,000 | $2.0M | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 1,800,000 | $1.9M | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,558 | $1.9M | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 1,900,000 | $1.8M | Reduce -36.7% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 1,500,000 | $1.8M | Reduce -16.7% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 2,233,000 | $1.8M | Reduce -29.8% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 1,800,000 | $1.8M | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,750,000 | $1.7M | Reduce -53.3% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 1,750,000 | $1.7M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 1,600,000 | $1.6M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 1,475,000 | $1.6M | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 1,800,000 | $1.6M | Reduce -21.7% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 1,777,000 | $1.6M | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,200,000 | $1.5M | Reduce -42.9% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,071,000 | $1.5M | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 1,150,000 | $1.4M | Reduce -25.8% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 1,200,000 | $1.3M | Reduce -45.5% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 1,250,000 | $1.3M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,200,000 | $1.2M | No change |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 1,200,000 | $1.2M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 1,000,000 | $1.2M | No change |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 1,000,000 | $1.0M | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 487,000 | $712K | No change |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 2,051,000 | $510K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 174,000 | $171K | No change |
| WISDOMTREE INC (WT 5.75 08/15/28) | NOTE 5.750% 8/1 · principal | 120,000 | $140K | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 · principal | 104,659 | $51K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 1,177 | $33K | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV · principal | 42,728 | $31K | Reduce -12.8% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 611 | $8K | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | 2,021 | $2K | No change |
Total filed on the 13F, all lines: $80.5B.
Portfolio Sells Q4 2024 → Q1 2025
| ZBRA Zebra Technologies Corp. Class A | Reduce -65.2% | 0.20% | −0.56 |
| NVDA Nvidia Corp. | Reduce -14.0% | 2.62% | −0.45 |
| USB US Bancorp | Reduce -93.1% | 0.02% | −0.27 |
| GOOGL Alphabet Inc. Class A | Reduce -8.0% | 1.36% | −0.24 |
| EA Electronic Arts Inc. | Reduce -41.1% | 0.32% | −0.21 |
| MSI Motorola Solutions Inc. | Reduce -40.8% | 0.27% | −0.19 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.19 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.19 |
| MSFT Microsoft Corp. | Reduce -2.3% | 3.37% | −0.16 |
| HON Honeywell International Inc. | Reduce -44.2% | 0.24% | −0.16 |
| ADSK Autodesk Inc. | Reduce -46.3% | 0.15% | −0.15 |
| WDC Western Digital Corp. | Reduce -96.7% | 0.00% | −0.15 |
| MDB Mongodb Inc. | Reduce -97.9% | 0.00% | −0.14 |
| WK Workiva Inc. | Reduce -29.1% | 0.14% | −0.14 |
| TTD Trade Desk Inc./the Class A | Reduce -2.2% | 0.12% | −0.13 |
| CVS CVS Health Corp. | Reduce -67.8% | 0.13% | −0.13 |
| CRM Salesforce Inc. | Reduce -14.4% | 0.58% | −0.12 |
| TSLA Tesla Inc. | Reduce -20.1% | 0.20% | −0.12 |
| CDNS Cadence Design SYS Inc. | Reduce -30.7% | 0.18% | −0.11 |
| ILMN Illumina Inc. | Reduce -85.8% | 0.01% | −0.11 |
| AMZN Amazon.com Inc. | Reduce -0.0% | 2.11% | −0.11 |
| SHOO Steven Madden Ltd. | Reduce -13.7% | 0.13% | −0.10 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.10 |
| ITOT iShares Core S&P Total U.S. | Reduce -75.8% | 0.03% | −0.10 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -85.1% | 0.01% | −0.09 |
| IBTX Independent Bank Group Inc. | Sold out | 0.00% | −0.08 |
| DELL Dell Technologies -C | Reduce -82.2% | 0.01% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.08 |
| DHR Danaher Corp. | Reduce -29.9% | 0.35% | −0.07 |
| EAT Brinker International Inc. | Reduce -45.8% | 0.12% | −0.07 |
| HUBB Hubbell Inc. | Reduce -95.9% | 0.00% | −0.07 |
| TER Teradyne Inc. | Reduce -3.4% | 0.13% | −0.07 |
| CPRT Copart Inc. | Reduce -24.0% | 0.23% | −0.07 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -12.6% | 0.30% | −0.06 |
| PINS Pinterest Inc. Class A | Reduce -39.1% | 0.13% | −0.06 |
| INGR Ingredion Inc. | Reduce -92.5% | 0.01% | −0.06 |
| HEES H&E Equipment Services Inc. | Reduce -72.9% | 0.07% | −0.06 |
| FSS Federal Signal Corp. | Reduce -7.9% | 0.17% | −0.06 |
| ORCL Oracle Corp. | Reduce -6.4% | 0.28% | −0.05 |
| AMRC Ameresco Inc. Class A | Reduce -100.0% | 0.00% | −0.05 |
| BCC Boise Cascade Co. | Reduce -18.4% | 0.12% | −0.05 |
| PJT PJT Partners Inc. Class A | Reduce -59.4% | 0.03% | −0.05 |
| BF.B Brown-Forman Corp. Class B | Reduce -98.3% | 0.00% | −0.05 |
| LBRT Liberty Energy Inc. | Reduce -14.4% | 0.11% | −0.05 |
| RGEN Repligen Corp. | Reduce -17.3% | 0.14% | −0.05 |
| ADI Analog Devices Inc. | Reduce -22.8% | 0.37% | −0.04 |
| ONON On Holding AG Class A | Reduce -6.1% | 0.15% | −0.04 |
| ITCI Intra-Cellular Therapies Inc. | Reduce -86.3% | 0.01% | −0.04 |
| MOD Modine Manufacturing Co. | Reduce -3.9% | 0.08% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| ENB Enbridge Inc. | Add +16421.8% | 0.38% | +0.38 |
| CDW CDW Corp. | Add +127.9% | 0.65% | +0.35 |
| SCHW Schwab (charles) Corp. | Add +758.9% | 0.30% | +0.27 |
| CSX CSX Corp. | Add +258.3% | 0.35% | +0.25 |
| MA Mastercard Inc. Class A | Add +29.9% | 0.69% | +0.21 |
| APP AppLovin Corp. Class A | Add +3490.9% | 0.19% | +0.19 |
| AEP American Electric Power | Add +120.3% | 0.29% | +0.18 |
| BABA Alibaba Group Holding-SP ADR | Add +0.3% | 0.37% | +0.14 |
| PODD Insulet Corp. | Add +58.2% | 0.36% | +0.14 |
| UNH Unitedhealth Group Inc. | Add +8.7% | 0.82% | +0.13 |
| IEFA iShares Core MSCI Eafe ETF | Add +31.6% | 0.41% | +0.13 |
| ODFL Old Dominion Freight Line | Add +86.6% | 0.29% | +0.13 |
| AAPL Apple Inc. | Add +3.0% | 2.63% | +0.13 |
| DASH DoorDash Inc. Class A | Add +358.4% | 0.15% | +0.12 |
| HWM Howmet Aerospace Inc. | Add +2.0% | 0.58% | +0.12 |
| JPM JPMorgan Chase & Co. | Add +8.9% | 0.37% | +0.11 |
| ICE Intercontinental Exchange Inc. | Add +2.9% | 0.57% | +0.11 |
| GTM Zoominfo Technologies Inc. | New | 0.10% | +0.10 |
| SNOW Snowflake Inc. | Add +141.2% | 0.18% | +0.10 |
| IDXX Idexx Laboratories Inc. | Add +36.1% | 0.34% | +0.10 |
| CCI Crown Castle Inc. | Add +52.7% | 0.22% | +0.10 |
| U Unity Software Inc. | New | 0.10% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +19.6% | 0.18% | +0.09 |
| ACA Arcosa Inc. | Add +1323.2% | 0.09% | +0.09 |
| KO The Coca-Cola Co. | Add +2.6% | 0.42% | +0.08 |
| ETN Eaton Corp. PLC | Add +146.9% | 0.15% | +0.08 |
| SSB Southstate Bank Corp. | Add +68.2% | 0.22% | +0.08 |
| LLY Eli Lilly & Co. | Add +3.0% | 0.35% | +0.07 |
| ABBV Abbvie Inc. | Add +11.7% | 0.21% | +0.07 |
| KNTK Kinetik Holdings Inc. | New | 0.07% | +0.07 |
| CNC Centene Corp. | Add +741.8% | 0.07% | +0.07 |
| ALAB Astera Labs Inc. | Add +15902.8% | 0.07% | +0.07 |
| ITRI Itron Inc. | Add +194.4% | 0.10% | +0.07 |
| CWAN Clearwater Analytics HDS-A | Add +61.7% | 0.17% | +0.07 |
| COIN Coinbase Global Inc. Class A | Add +2383.1% | 0.07% | +0.06 |
| ABT Abbott Laboratories | Add +3.2% | 0.27% | +0.06 |
| CP Canadian Pacific Kansas City | Add +5905.4% | 0.06% | +0.06 |
| CNI Canadian Natl Railway Co. | Add +825.1% | 0.06% | +0.06 |
| MTSI Macom Technology Solutions H | Add +186.7% | 0.10% | +0.05 |
| PM Philip Morris International | Add +1.3% | 0.16% | +0.05 |
| GILD Gilead Sciences Inc. | Add +3.2% | 0.21% | +0.05 |
| WCN Waste Connections Inc. | Add +0.3% | 0.35% | +0.05 |
| AZO AutoZone Inc. | Add +5.9% | 0.21% | +0.05 |
| COST Costco Wholesale Corp. | Add +3.3% | 0.36% | +0.05 |
| BSX Boston Scientific Corp. | Add +4.3% | 0.25% | +0.05 |
| VTR Ventas Inc. | Add +32.5% | 0.12% | +0.05 |
| RNST Renasant Corp. | Add +119.7% | 0.09% | +0.05 |
| HRI Herc Holdings Inc. | Add +1524.0% | 0.05% | +0.05 |
| EQIX Equinix Inc. | Add +21.8% | 0.52% | +0.04 |
| ALGM Allegro Microsystems Inc. | Add +78.3% | 0.08% | +0.04 |
Notes & Other Activity Q4 2024 → Q1 2025
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +10.6% | 7,320,000 | $7.2M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +147.6% | 6,711,000 | $6.6M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -8.4% | 4,336,000 | $5.2M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +9.0% | 4,860,000 | $5.0M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 5,086,000 | $4.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 4,500,000 | $4.8Mbefore exit |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +55.9% | 4,210,000 | $4.2M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Reduce -5.7% | 4,150,000 | $3.7M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -14.3% | 3,000,000 | $3.0M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Reduce -1.6% | 2,639,000 | $2.8M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Reduce -15.4% | 1,156,000 | $2.7M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +53.9% | 3,000,000 | $2.6M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | New | 2,150,000 | $2.5M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | New | 2,300,000 | $2.3M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | New | 2,225,000 | $2.2M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -17.6% | 2,100,000 | $2.2M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Reduce -11.5% | 1,807,000 | $2.2M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | New | 1,800,000 | $2.1M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -52.9% | 2,101,000 | $2.1M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 1,700,000 | $2.0M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Sold out | 2,000,000 | $2.0Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | New | 1,800,000 | $1.9M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Reduce -36.7% | 1,900,000 | $1.8M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -16.7% | 1,500,000 | $1.8M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Reduce -29.8% | 2,233,000 | $1.8M |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Reduce -53.3% | 1,750,000 | $1.7M |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | Reduce -21.7% | 1,800,000 | $1.6M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Sold out | 1,568,000 | $1.6Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -42.9% | 1,200,000 | $1.5M |
| COHERUS ONCOLOGY INC (CHRS 1.5 04/15/26) | NOTE 1.500% 4/1 · principal | Sold out | 1,520,000 | $1.5Mbefore exit |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Reduce -25.8% | 1,150,000 | $1.4M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Sold out | 1,100,000 | $1.4Mbefore exit |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Reduce -45.5% | 1,200,000 | $1.3M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 1,250,000 | $1.3M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Sold out | 1,400,000 | $1.2Mbefore exit |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | New | 1,000,000 | $1.0M |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | Sold out | 823,000 | $673Kbefore exit |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV · principal | Reduce -12.8% | 42,728 | $31K |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | New | 611 | $8K |
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 | 928 | $23.2B | IVV, NVDA, AAPL, SPY, GOOGL |
| Q1 2026 | 812 | $16.8B | IVV, SPY, NVDA, AAPL, MSFT |
| Q4 2025 | 829 | $22.8B | IVV, VOO, NVDA, AAPL, MSFT |
| Q3 2025 | 1,525 | $85.5B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q2 2025 | 1,573 | $81.4B | MSFT, NVDA, AMZN, AAPL, META |
| Q1 2025Amended | 1,638 | $80.4B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q4 2024 | 1,598 | $82.5B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q3 2024 | 1,589 | $92.5B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q2 2024 | 1,828 | $87.0B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q1 2024 | 1,849 | $88.0B | MSFT, NVDA, AMZN, AAPL, GOOGL |