Macquarie Group Ltd.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Macquarie Group Ltd. reported 1,573 stock positions worth $81.4 billion. Its top holding was Microsoft (MSFT) at 4.3% of the portfolio, followed by Nvidia (NVDA, 4.0%) and Amazon.com (AMZN, 2.1%). Compared with Q1 2025, it opened 94 new positions, sold out of 159, added to 519 and reduced 792. The biggest buy was Nvidia (NVDA, shares +7%) and the biggest sale Apple (AAPL, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- Sydney, NSW 2000, C3
- CIK
- 0001418333
- Portfolio Value
- $81.4B (Q2 2025)
- SEC Filing
- 0000950123-25-008216 ↗ filed Aug 14, 2025
Holdings Value
Holdings 1,573 stocks · $81.4B
| MSFT Microsoft Corp. | 4.28% | 7,006,883 | $3.5B | Reduce -2.9% |
| NVDA Nvidia Corp. | 4.03% | 20,742,072 | $3.3B | Add +6.7% |
| AMZN Amazon.com Inc. | 2.14% | 7,923,432 | $1.7B | Reduce -11.3% |
| AAPL Apple Inc. | 2.04% | 8,103,602 | $1.7B | Reduce -15.0% |
| META Meta Platforms Inc. Class A | 1.45% | 1,597,621 | $1.2B | Reduce -15.9% |
| GOOGL Alphabet Inc. Class A | 1.34% | 6,183,387 | $1.1B | Reduce -12.7% |
| AVGO Broadcom Inc. | 1.22% | 3,589,284 | $989.4M | Add +0.0% |
| V Visa Inc. Class A | 0.97% | 2,232,445 | $792.6M | Reduce -6.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.89% | 3,212,445 | $727.6M | Reduce -0.5% |
| IVV iShares Core S&P 500 ETF | 0.80% | 1,044,750 | $648.7M | Add +351667.7% |
| MA Mastercard Inc. Class A | 0.79% | 1,140,431 | $640.7M | Add +13.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.78% | 1,030,408 | $636.6M | Add +236.7% |
| HWM Howmet Aerospace Inc. | 0.72% | 3,152,112 | $586.7M | Reduce -12.6% |
| CDW CDW Corp. | 0.66% | 3,003,044 | $536.3M | Reduce -8.1% |
| EQIX Equinix Inc. | 0.62% | 638,858 | $508.2M | Add +23.5% |
| INTU Intuit Inc. | 0.62% | 637,571 | $502.2M | Add +61.0% |
| NFLX Netflix Inc. | 0.62% | 374,333 | $501.3M | Add +10.7% |
| ICE Intercontinental Exchange Inc. | 0.56% | 2,503,668 | $459.3M | Reduce -5.1% |
| CRM Salesforce Inc. | 0.51% | 1,510,884 | $412.0M | Reduce -12.9% |
| CSGP Costar Group Inc. | 0.48% | 4,834,611 | $388.7M | Reduce -21.7% |
| UNH Unitedhealth Group Inc. | 0.44% | 1,156,671 | $360.8M | Reduce -8.4% |
| MU Micron Technology Inc. | 0.43% | 2,826,194 | $348.3M | Reduce -6.3% |
| JPM JPMorgan Chase & Co. | 0.43% | 1,195,502 | $346.5M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 0.42% | 4,976,733 | $345.2M | Reduce -18.7% |
| SAP Sap SE-Sponsored ADR | 0.42% | 1,111,060 | $337.9M | Reduce -13.3% |
| VEEV Veeva Systems Inc. Class A | 0.40% | 1,134,333 | $326.7M | Reduce -16.3% |
| IDXX Idexx Laboratories Inc. | 0.40% | 601,644 | $322.7M | Reduce -8.2% |
| DHR Danaher Corp. | 0.40% | 1,631,687 | $322.3M | Add +18.1% |
| XOM Exxon Mobil Corp. | 0.39% | 2,961,935 | $319.3M | Reduce -18.8% |
| BKNG Booking Holdings Inc. | 0.38% | 53,874 | $311.9M | Add +7.3% |
| ENB Enbridge Inc. | 0.38% | 5,035,397 | $310.4M | Add +5.0% |
| ISRG Intuitive Surgical Inc. | 0.38% | 566,670 | $307.9M | Reduce -19.7% |
| ALL Allstate Corp. | 0.37% | 1,492,175 | $300.4M | Reduce -18.5% |
| COST Costco Wholesale Corp. | 0.36% | 298,945 | $295.9M | Reduce -2.1% |
| T AT&T Inc. | 0.35% | 9,873,018 | $285.7M | Add +15.6% |
| MRK Merck & Co. Inc. | 0.34% | 3,474,059 | $275.0M | Reduce -13.6% |
| KO The Coca-Cola Co. | 0.34% | 3,873,771 | $274.1M | Reduce -18.1% |
| AMD Advanced Micro Devices | 0.33% | 1,909,792 | $271.0M | Add +59.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.33% | 3,230,395 | $269.7M | Reduce -26.3% |
| WELL Welltower Inc. | 0.33% | 1,754,158 | $269.7M | Reduce -3.6% |
| MELI MercadoLibre Inc. | 0.33% | 103,146 | $269.6M | Reduce -16.7% |
| ADI Analog Devices Inc. | 0.33% | 1,125,578 | $267.9M | Reduce -22.9% |
| MSCI MSCI Inc. | 0.33% | 462,457 | $266.7M | Add +3.2% |
| WCN Waste Connections Inc. | 0.33% | 1,421,023 | $265.3M | Reduce -2.3% |
| CI The Cigna Group | 0.32% | 796,751 | $263.4M | Reduce -23.5% |
| DFIV Dimensional International Va | 0.32% | 6,041,002 | $258.7M | Add +13.9% |
| BABA Alibaba Group Holding-SP ADR | 0.32% | 2,270,296 | $257.5M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.31% | 1,627,530 | $248.6M | Reduce -19.1% |
| GOOG Alphabet Inc. Class C | 0.30% | 1,359,423 | $241.1M | Reduce -11.6% |
| CSX CSX Corp. | 0.29% | 7,184,087 | $234.4M | Reduce -23.8% |
| ONB Old National Bancorp | 0.29% | 10,879,524 | $232.2M | Reduce -0.0% |
| LLY Eli Lilly & Co. | 0.28% | 296,036 | $230.8M | Reduce -13.3% |
| DUK Duke Energy Corp. | 0.28% | 1,943,100 | $229.3M | Reduce -23.7% |
| ABT Abbott Laboratories | 0.28% | 1,677,122 | $228.1M | Add +2.4% |
| SNOW Snowflake Inc. | 0.28% | 1,002,410 | $224.3M | Add +0.6% |
| RCL Royal Caribbean Cruises Ltd. | 0.27% | 702,227 | $219.9M | Add +888.4% |
| HD Home Depot Inc. | 0.27% | 593,445 | $217.6M | Reduce -15.5% |
| NEE Nextera Energy Inc. | 0.27% | 3,115,487 | $216.3M | Reduce -6.4% |
| SPGI S&P Global Inc. | 0.26% | 401,240 | $211.6M | Reduce -1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.26% | 4,466,519 | $211.4M | Reduce -27.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 1,685,787 | $209.1M | Reduce -30.6% |
| BSX Boston Scientific Corp. | 0.26% | 1,945,205 | $208.9M | Reduce -3.1% |
| NKE Nike Inc. Class B | 0.26% | 2,935,707 | $208.6M | Reduce -24.6% |
| AEP American Electric Power | 0.25% | 1,992,792 | $206.8M | Reduce -5.7% |
| PLD Prologis Inc. | 0.25% | 1,948,208 | $204.8M | Add +5.2% |
| ZBRA Zebra Technologies Corp. Class A | 0.25% | 662,690 | $204.3M | Add +17.4% |
| EFX Equifax Inc. | 0.25% | 782,629 | $203.0M | Add +3.5% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.25% | 2,966,874 | $200.2M | Reduce -24.9% |
| KRG Kite Realty Group Trust | 0.24% | 8,791,213 | $199.1M | Reduce -0.9% |
| TFC Truist Financial Corp. | 0.24% | 4,590,302 | $197.3M | Reduce -25.4% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.24% | 600,111 | $195.7M | Add +726.7% |
| FAST Fastenal Co. | 0.24% | 4,596,897 | $193.1M | Reduce -20.3% |
| ESNT Essent Group Ltd. | 0.24% | 3,164,830 | $192.2M | Add +1.3% |
| MS Morgan Stanley | 0.23% | 1,350,320 | $190.2M | Reduce -3.0% |
| LOW Lowe's Cos Inc. | 0.23% | 849,251 | $188.4M | Reduce -23.1% |
| IBIT iShares Bitcoin Trust ETF | 0.23% | 3,077,292 | $188.4M | No change |
| ODFL Old Dominion Freight Line | 0.23% | 1,151,728 | $186.9M | Reduce -17.1% |
| UBER Uber Technologies Inc. | 0.23% | 1,962,777 | $183.1M | Reduce -12.6% |
| VOO Vanguard S&P 500 ETF | 0.22% | 320,658 | $182.1M | Reduce -62.3% |
| TRV The Travelers Cos Inc. | 0.22% | 677,376 | $181.2M | Reduce -31.3% |
| PGR Progressive Corp. | 0.22% | 677,607 | $180.8M | Reduce -3.2% |
| NET Cloudflare Inc. Class A | 0.22% | 922,011 | $180.6M | Reduce -2.1% |
| AXP American Express Co. | 0.22% | 556,456 | $177.5M | Reduce -4.4% |
| EA Electronic Arts Inc. | 0.22% | 1,108,424 | $177.0M | Reduce -37.3% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 436,334 | $176.9M | Add +201.8% |
| PODD Insulet Corp. | 0.21% | 552,852 | $173.7M | Reduce -49.4% |
| HUBS HubSpot Inc. | 0.21% | 311,174 | $173.2M | Reduce -18.6% |
| BR Broadridge Financial Solutio | 0.21% | 709,998 | $172.6M | Reduce -4.6% |
| SCHW Schwab (charles) Corp. | 0.21% | 1,855,781 | $169.3M | Reduce -39.6% |
| TSLA Tesla Inc. | 0.21% | 529,867 | $168.3M | Reduce -15.5% |
| HSY The Hershey Co. | 0.21% | 1,008,772 | $167.4M | Reduce -18.1% |
| MNDY Monday.com Ltd. | 0.21% | 531,720 | $167.2M | Reduce -17.9% |
| FSS Federal Signal Corp. | 0.20% | 1,544,671 | $164.4M | Reduce -15.4% |
| DDOG Datadog Inc. Class A | 0.20% | 1,215,336 | $163.3M | Reduce -16.9% |
| AZO AutoZone Inc. | 0.20% | 43,428 | $161.2M | Reduce -2.4% |
| SLAB Silicon Laboratories Inc. | 0.20% | 1,091,319 | $160.8M | Reduce -7.2% |
| CVX Chevron Corp. | 0.20% | 1,122,362 | $160.7M | Reduce -34.8% |
| AXS Axis Capital Holdings Ltd. | 0.20% | 1,541,947 | $160.1M | Reduce -1.8% |
| GILD Gilead Sciences Inc. | 0.20% | 1,442,227 | $159.9M | Reduce -4.0% |
| CME Cme Group Inc. | 0.20% | 578,003 | $159.3M | Add +2.2% |
Other holdings (66): bonds, preferreds, convertibles and warrants · $159.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 7,820,000 | $7.6M | Add +6.8% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 6,210,000 | $6.0M | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 4,929,000 | $5.2M | Add +6.3% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 3,927,000 | $5.2M | New |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 104,409 | $5.1M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 4,336,000 | $5.0M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 4,860,000 | $4.9M | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 3,280,000 | $3.6M | Add +30.2% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 47,764 | $3.6M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 3,963,000 | $3.6M | Reduce -22.1% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 1,900,000 | $3.4M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 2,581,000 | $3.4M | New |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 3,000,000 | $3.2M | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 2,639,000 | $3.2M | No change |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 781,000 | $3.1M | Reduce -32.4% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 2,164,000 | $3.0M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 3,050,000 | $3.0M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 2,841,000 | $2.8M | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,150,000 | $2.8M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 3,000,000 | $2.8M | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 2,612,000 | $2.8M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,726,000 | $2.7M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 56,328 | $2.7M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,711,000 | $2.6M | Reduce -59.6% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 2,225,000 | $2.6M | No change |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 1,807,000 | $2.6M | No change |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 2,449,000 | $2.5M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 2,595,000 | $2.5M | No change |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 825,000 | $2.4M | Reduce -23.3% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 2,100,000 | $2.4M | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,300,000 | $2.3M | No change |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 2,551,000 | $2.3M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 1,600,000 | $2.3M | Reduce -20.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 2,050,000 | $2.1M | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 1,800,000 | $2.1M | No change |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 1,900,000 | $2.1M | New |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 2,000,000 | $2.1M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 2,101,000 | $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 |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 2,044,000 | $2.0M | No change |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 3,472,000 | $2.0M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 1,300,000 | $2.0M | Reduce -27.8% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,700,000 | $1.9M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,700,000 | $1.9M | No change |
| 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 | $1.8M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 2,233,000 | $1.7M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 1,475,000 | $1.7M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 1,600,000 | $1.6M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 1,777,000 | $1.6M | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 1,550,000 | $1.5M | Reduce -48.3% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 1,000,000 | $1.5M | No change |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 1,500,000 | $1.5M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,071,000 | $1.4M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,200,000 | $1.3M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 1,250,000 | $1.3M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 1,200,000 | $1.3M | No change |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 1,200,000 | $1.2M | No change |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 1,000,000 | $1.1M | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 487,000 | $731K | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 600,000 | $593K | Reduce -68.4% |
| WISDOMTREE INC (WT 5.75 08/15/28) | NOTE 5.750% 8/1 · principal | 120,000 | $158K | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 53,150 | $29K | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 1,177 | $24K | No change |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 611 | $7K | No change |
| 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: $81.5B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -15.0% | 2.04% | −0.59 |
| UNH Unitedhealth Group Inc. | Reduce -8.4% | 0.44% | −0.38 |
| VOO Vanguard S&P 500 ETF | Reduce -62.3% | 0.22% | −0.32 |
| HOLX Hologic Inc. | Reduce -98.5% | 0.00% | −0.22 |
| CTSH Cognizant Tech Solutions-A | Reduce -53.5% | 0.18% | −0.21 |
| ORCL Oracle Corp. | Reduce -78.9% | 0.09% | −0.19 |
| HON Honeywell International Inc. | Reduce -77.3% | 0.06% | −0.18 |
| COR Cencora Inc. | Reduce -78.2% | 0.05% | −0.18 |
| TRMB Trimble Inc. | Reduce -93.0% | 0.02% | −0.18 |
| MKTX Marketaxess Holdings Inc. | Reduce -99.8% | 0.00% | −0.16 |
| CVX Chevron Corp. | Reduce -34.8% | 0.20% | −0.16 |
| GEHC GE Healthcare Technology | Reduce -94.9% | 0.01% | −0.16 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.15 |
| XOM Exxon Mobil Corp. | Reduce -18.8% | 0.39% | −0.15 |
| PODD Insulet Corp. | Reduce -49.4% | 0.21% | −0.14 |
| PR Permian Resources Corp. Class A | Reduce -79.0% | 0.04% | −0.14 |
| CAG Conagra Brands Inc. | Reduce -36.4% | 0.12% | −0.13 |
| PG The Procter & Gamble Co. | Reduce -57.2% | 0.09% | −0.13 |
| CSGP Costar Group Inc. | Reduce -21.7% | 0.48% | −0.13 |
| RGEN Repligen Corp. | Reduce -90.1% | 0.01% | −0.13 |
| MTN Vail Resorts Inc. | Reduce -79.7% | 0.03% | −0.13 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.12 |
| MSI Motorola Solutions Inc. | Reduce -43.1% | 0.14% | −0.12 |
| FDS Factset Research Systems Inc. | Reduce -98.5% | 0.00% | −0.12 |
| AIT Applied Industrial Tech Inc. | Reduce -63.1% | 0.07% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -13.6% | 0.34% | −0.11 |
| JNJ Johnson & Johnson | Reduce -19.1% | 0.31% | −0.11 |
| TER Teradyne Inc. | Reduce -85.0% | 0.02% | −0.11 |
| NOC Northrop Grumman Corp. | Reduce -34.4% | 0.18% | −0.11 |
| VMRK Vivmark Residential | Reduce -24.9% | 0.25% | −0.11 |
| DUK Duke Energy Corp. | Reduce -23.7% | 0.28% | −0.10 |
| ALL Allstate Corp. | Reduce -18.5% | 0.37% | −0.10 |
| CI The Cigna Group | Reduce -23.5% | 0.32% | −0.10 |
| TRV The Travelers Cos Inc. | Reduce -31.3% | 0.22% | −0.10 |
| EA Electronic Arts Inc. | Reduce -37.3% | 0.22% | −0.10 |
| BAX Baxter International Inc. | Reduce -28.7% | 0.16% | −0.10 |
| SCHW Schwab (charles) Corp. | Reduce -39.6% | 0.21% | −0.09 |
| DD Dupont DE Nemours Inc. | Reduce -26.2% | 0.18% | −0.09 |
| LOW Lowe's Cos Inc. | Reduce -23.1% | 0.23% | −0.09 |
| KO The Coca-Cola Co. | Reduce -18.1% | 0.34% | −0.08 |
| INSM Insmed Inc. | Reduce -52.1% | 0.14% | −0.08 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.08 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -26.3% | 0.33% | −0.08 |
| SSB Southstate Bank Corp. | Reduce -35.8% | 0.14% | −0.08 |
| TDY Teledyne Technologies Inc. | Reduce -31.9% | 0.18% | −0.08 |
| EFOR Everforth Inc. | Reduce -31.3% | 0.09% | −0.08 |
| CCI Crown Castle Inc. | Reduce -34.3% | 0.14% | −0.08 |
| HALO Halozyme Therapeutics Inc. | Reduce -22.1% | 0.13% | −0.08 |
| GPC Genuine Parts Co. | Reduce -34.9% | 0.15% | −0.08 |
| FIS Fidelity National Info Serv | Reduce -34.7% | 0.18% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +6.7% | 4.03% | +1.41 |
| IVV iShares Core S&P 500 ETF | Add +351667.7% | 0.80% | +0.80 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +236.7% | 0.78% | +0.57 |
| AVGO Broadcom Inc. | Add +0.0% | 1.22% | +0.47 |
| INTU Intuit Inc. | Add +61.0% | 0.62% | +0.31 |
| RCL Royal Caribbean Cruises Ltd. | Add +888.4% | 0.27% | +0.25 |
| NFLX Netflix Inc. | Add +10.7% | 0.62% | +0.22 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +726.7% | 0.24% | +0.22 |
| AMD Advanced Micro Devices | Add +59.3% | 0.33% | +0.18 |
| KVUE Kenvue Inc. | Add +631.2% | 0.18% | +0.15 |
| TMO Thermo Fisher Scientific Inc. | Add +201.8% | 0.22% | +0.13 |
| BBIO Bridgebio Pharma Inc. | Add +2189.3% | 0.11% | +0.11 |
| MA Mastercard Inc. Class A | Add +13.5% | 0.79% | +0.10 |
| TPR Tapestry Inc. | Add +994.0% | 0.11% | +0.10 |
| EQIX Equinix Inc. | Add +23.5% | 0.62% | +0.10 |
| BKNG Booking Holdings Inc. | Add +7.3% | 0.38% | +0.10 |
| SNOW Snowflake Inc. | Add +0.6% | 0.28% | +0.09 |
| TOST Toast Inc. Class A | Add +1708.5% | 0.10% | +0.09 |
| EW Edwards Lifesciences Corp. | Add +448.5% | 0.10% | +0.09 |
| GTES Gates Industrial Corp. UK Ltd. | Add +735.8% | 0.09% | +0.08 |
| BROS Dutch Bros Inc. Class A | Add +809.9% | 0.08% | +0.07 |
| PATH Uipath Inc. Class A | New | 0.07% | +0.07 |
| HURN Huron Consulting Group Inc. | New | 0.07% | +0.07 |
| BPOP Popular Inc. | Add +758.6% | 0.08% | +0.07 |
| COIN Coinbase Global Inc. Class A | Add +1.1% | 0.14% | +0.07 |
| INFA Informatica Inc. Class A | New | 0.07% | +0.07 |
| SNPS Synopsys Inc. | Add +46.0% | 0.16% | +0.07 |
| LTH Life Time Group Holdings Inc. | Add +252.1% | 0.09% | +0.07 |
| SPXC SPX Technologies Inc. | Add +1142.9% | 0.07% | +0.07 |
| C Citigroup Inc. | Add +36.2% | 0.17% | +0.06 |
| DFIV Dimensional International Va | Add +13.9% | 0.32% | +0.06 |
| ZBRA Zebra Technologies Corp. Class A | Add +17.4% | 0.25% | +0.05 |
| VMC Vulcan Materials Co. | Add +164.7% | 0.08% | +0.05 |
| SLGN Silgan Holdings Inc. | Add +3838.5% | 0.05% | +0.05 |
| T AT&T Inc. | Add +15.6% | 0.35% | +0.05 |
| MTSI Macom Technology Solutions H | Add +8.1% | 0.15% | +0.05 |
| NJR New Jersey Resources Corp. | New | 0.05% | +0.05 |
| ETSY Etsy Inc. | New | 0.05% | +0.05 |
| URBN Urban Outfitters Inc. | Add +7.6% | 0.15% | +0.05 |
| PEP Pepsico Inc. | Add +76.3% | 0.13% | +0.05 |
| DHR Danaher Corp. | Add +18.1% | 0.40% | +0.04 |
| MOD Modine Manufacturing Co. | Add +20.7% | 0.12% | +0.04 |
| SMTC Semtech Corp. | Add +1.9% | 0.17% | +0.04 |
| NOG Northern Oil and Gas Inc. | New | 0.04% | +0.04 |
| KTOS Kratos Defense & Security | Add +236.7% | 0.05% | +0.04 |
| GPOR Gulfport Energy Corp. | Add +20.5% | 0.16% | +0.04 |
| MANH Manhattan Associates Inc. | Add +447.9% | 0.04% | +0.04 |
| CACI Caci International Inc. Class A | Add +5.3% | 0.14% | +0.04 |
| LPLA LPL Financial Holdings Inc. | Add +15.3% | 0.16% | +0.04 |
| HRI Herc Holdings Inc. | Add +78.2% | 0.09% | +0.04 |
Notes & Other Activity Q1 2025 → Q2 2025
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +6.8% | 7,820,000 | $7.6M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | New | 6,210,000 | $6.0M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +6.3% | 4,929,000 | $5.2M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | New | 3,927,000 | $5.2M |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | New | 104,409 | $5.1M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 4,210,000 | $4.2Mbefore exit |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Sold out | 4,150,000 | $3.7Mbefore exit |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | Add +30.2% | 3,280,000 | $3.6M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | New | 47,764 | $3.6M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Reduce -22.1% | 3,963,000 | $3.6M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 1,900,000 | $3.4M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 2,581,000 | $3.4M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | New | 3,000,000 | $3.2M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Reduce -32.4% | 781,000 | $3.1M |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | New | 2,164,000 | $3.0M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 3,050,000 | $3.0M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 2,841,000 | $2.8M |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Sold out | 2,879,000 | $2.8Mbefore exit |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Sold out | 2,825,000 | $2.7Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -59.6% | 2,711,000 | $2.6M |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | Sold out | 2,763,000 | $2.6Mbefore exit |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Sold out | 2,485,000 | $2.4Mbefore exit |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -23.3% | 825,000 | $2.4M |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | New | 2,551,000 | $2.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -20.0% | 1,600,000 | $2.3M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Sold out | 2,100,000 | $2.2Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 2,050,000 | $2.1M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 1,900,000 | $2.1M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Reduce -27.8% | 1,300,000 | $2.0M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 1,558 | $1.9Mbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 1,500,000 | $1.8Mbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 1,750,000 | $1.7Mbefore exit |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | Sold out | 1,800,000 | $1.6Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Sold out | 1,200,000 | $1.5Mbefore exit |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -48.3% | 1,550,000 | $1.5M |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | New | 1,500,000 | $1.5M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 1,150,000 | $1.4Mbefore exit |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Reduce -68.4% | 600,000 | $593K |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Sold out | 2,051,000 | $510Kbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | Sold out | 174,000 | $171Kbefore exit |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 · principal | Sold out | 104,659 | $51Kbefore exit |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV · principal | Sold out | 42,728 | $31Kbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | New | 53,150 | $29K |
| JACK Jack in the Box Inc. | COM | Reduce -100.0% | 0 | $0 |
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 |