MAI Capital Management

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), MAI Capital Management reported 4,124 stock positions worth $17.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 6.9% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.7%) and Apple (AAPL, 3.4%). Compared with Q3 2025, it opened 689 new positions, sold out of 155, added to 1,649 and reduced 959. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +16%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −0%).

Most Recent 13F
Q2 2026
Location
INDEPENDENCE, OH
CIK
0001040197
Portfolio Value
$17.3B (Q4 2025)
SEC Filing
0001040197-26-000001 ↗ filed Feb 13, 2026

Holdings Value

0$10.0B$20.0B$30.0B Q1 2024: $9.6B Q1 2024 Q2 2024: $10.2B Q2 2024 Q3 2024: $10.4B Q3 2024 Q4 2024: $13.4B Q4 2024 Q1 2025: $13.2B Q1 2025 Q2 2025: $14.4B Q2 2025 Q3 2025: $16.0B Q3 2025 Q4 2025: $17.3B $17.3B Q4 2025 Q1 2026: $17.6B Q1 2026 Q2 2026: $26.3B Q2 2026

Holdings 4,124 stocks · $17.3B
IVV iShares Core S&P 500 ETF 6.86% 1,730,714 $1.2B Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 3.66% 928,129 $632.9M Add +15.8%
AAPL Apple Inc. 3.41% 2,166,803 $589.1M Add +7.4%
MSFT Microsoft Corp. 2.81% 1,004,159 $485.6M Add +7.2%
IJH iShares Core S&P Midcap ETF 2.07% 5,429,206 $358.3M Add +2.1%
NVDA Nvidia Corp. 1.64% 1,520,148 $283.5M Add +5.5%
VEA Vanguard Ftse Developed ETF 1.61% 4,455,575 $278.3M Add +4.7%
GOOGL Alphabet Inc. Class A 1.51% 833,778 $261.0M Add +0.4%
AMZN Amazon.com Inc. 1.50% 1,123,277 $259.3M Add +5.6%
QQQ Invesco QQQ Trust Series 1 1.45% 407,117 $250.1M Add +11.9%
IJR iShares Core S&P Small-Cap E 1.41% 2,031,625 $244.2M Add +1.2%
VIG Vanguard Dividend Apprec ETF 1.27% 996,705 $219.1M Reduce -1.2%
IVE iShares S&P 500 Value ETF 1.25% 1,017,802 $215.8M Reduce -0.3%
AVGO Broadcom Inc. 1.21% 605,993 $209.7M Reduce -3.1%
IEFA iShares Core MSCI Eafe ETF 1.20% 2,321,693 $207.7M Add +4.0%
GOOG Alphabet Inc. Class C 1.15% 633,994 $198.9M Add +2.9%
VWO Vanguard Ftse Emerging Marke 1.11% 3,577,472 $192.3M Add +3.0%
IWF iShares Russell 1000 Growth 1.08% 393,199 $186.1M Reduce -1.8%
MDY State Street SPDR S&P Midcap 0.93% 265,202 $160.0M Add +6.0%
IEMG iShares Core MSCI Emerging 0.88% 2,262,898 $152.1M Add +3.8%
JPM JPMorgan Chase & Co. 0.86% 463,946 $149.5M Add +3.7%
IVW iShares S&P 500 Growth ETF 0.79% 1,113,823 $137.3M Add +0.2%
SGOV iShares 0-3 Month Treasury B 0.79% 1,356,435 $136.2M Reduce -5.0%
VTI VG Morningstar TS MKT ETF-US 0.78% 403,542 $135.3M Add +2.2%
V Visa Inc. Class A 0.77% 378,286 $132.7M Add +6.8%
BRK.B Berkshire Hathaway Inc. Class B 0.77% 263,356 $132.4M Add +15.6%
ABBV Abbvie Inc. 0.76% 576,067 $131.6M Add +5.5%
JNJ Johnson & Johnson 0.75% 625,313 $129.4M Add +3.1%
META Meta Platforms Inc. Class A 0.72% 187,575 $123.8M Add +5.3%
IWM iShares Russell 2000 ETF 0.70% 495,097 $121.9M Add +2.3%
RSP Invesco S&P 500 Equal Weight 0.70% 633,714 $121.4M Add +11.0%
SDY SS SPDR S&P Dividend ETF 0.64% 791,750 $110.2M Add +2.5%
VCSH Vanguard S/T Corp. Bond ETF 0.63% 1,362,424 $108.6M Add +28.9%
VGSH Vanguard Short-Term Treasury 0.60% 1,765,573 $103.7M Add +10.8%
RTX RTX Corp. 0.59% 553,772 $101.6M Add +5.2%
LLY Eli Lilly & Co. 0.57% 91,322 $98.1M Add +7.6%
COST Costco Wholesale Corp. 0.53% 105,785 $91.2M Add +3.0%
VOO Vanguard S&P 500 ETF 0.52% 143,912 $90.3M Add +7.1%
PG The Procter & Gamble Co. 0.50% 598,900 $85.8M Add +3.5%
SHW The Sherwin-Williams Co. 0.48% 257,907 $83.6M Add +19.1%
IGSB iShares 1-5Y Inv Grade Corp. 0.48% 1,572,299 $83.1M Add +7.7%
HD Home Depot Inc. 0.47% 238,243 $82.0M Add +4.9%
CSCO Cisco Systems Inc. 0.46% 1,041,403 $80.2M Add +5.9%
IWD iShares Russell 1000 Value E 0.44% 362,100 $76.2M Add +1.6%
TSM Taiwan Semiconductor-SP ADR 0.44% 249,858 $75.9M Reduce -5.1%
PULS Pgim Ultra Short Bond ETF 0.43% 1,494,138 $74.1M Reduce -2.8%
SCHG Schwab US Large-Cap Growth 0.42% 2,242,182 $73.1M Reduce -0.7%
ORCL Oracle Corp. 0.41% 362,437 $70.6M Add +8.9%
IJK iShares S&P Mid-Cap 400 Grow 0.41% 723,583 $70.1M Reduce -1.1%
WMT Walmart Inc. 0.40% 623,051 $69.4M Add +4.2%
USMV iShares MSCI USA Min Vol Fac 0.39% 712,694 $67.1M Add +40.9%
XOM Exxon Mobil Corp. 0.39% 556,359 $67.0M Add +9.4%
BKNG Booking Holdings Inc. 0.38% 12,244 $65.6M Reduce -0.6%
UNH Unitedhealth Group Inc. 0.37% 194,829 $64.3M Add +1.9%
QCOM Qualcomm Inc. 0.36% 361,197 $61.8M Add +3.2%
SCHD Schwab US DVD Equity ETF 0.36% 2,246,369 $61.6M Add +2.5%
ABT Abbott Laboratories 0.35% 486,690 $61.0M Add +1.0%
IAU iShares Gold Trust 0.35% 747,707 $60.7M Add +27.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.34% 1,082,459 $59.5M Add +1.9%
XLK SS Technology Select Sector 0.34% 410,714 $59.1M Add +23.3%
MA Mastercard Inc. Class A 0.34% 102,617 $58.6M Add +3.8%
BSCR Invesco Bulletshares 2027 CB 0.33% 2,907,934 $57.4M Add +16.3%
VGT Vanguard Info Tech ETF 0.33% 75,182 $56.7M Reduce -1.8%
IEF iShares 7-10 Year Treasury B 0.33% 586,920 $56.4M Add +4.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.32% 114,772 $56.0M Add +5.5%
BSCQ Invesco Bulletshares 2026 CB 0.31% 2,750,105 $53.8M Add +9.3%
VTV Vanguard Mrngstr Val ETF-Aui 0.31% 280,648 $53.6M Add +10.3%
IGIB iShares 5-10Y Inv Grade Corp. 0.31% 981,677 $52.9M Add +10.9%
QLTA iShares Aaa - A Rated Corpor 0.30% 1,096,494 $52.7M Add +8.1%
VB Vanguard Most SM-Cap ETF-Usd 0.30% 204,235 $52.7M Add +3.8%
SLQD iShares 0-5 YR Inv GRD Corp. 0.30% 1,030,751 $52.3M Add +8.3%
VHT Vanguard Health Care ETF 0.30% 178,934 $51.5M Add +7.7%
TSLA Tesla Inc. 0.30% 114,083 $51.3M Add +2.6%
MCD McDonald's Corp. 0.30% 167,511 $51.2M Add +6.9%
SPAB SS SPDR P Agg Bond ETF 0.29% 1,931,743 $49.7M Add +4.4%
PEP Pepsico Inc. 0.28% 342,205 $49.1M Add +4.5%
VONE Vanguard Russell 1000 0.28% 156,682 $48.4M Add +1.3%
CB Chubb Ltd. 0.27% 152,219 $47.5M Reduce -0.6%
AGG iShares Core U.S. Aggregate 0.27% 471,988 $47.1M Add +13.0%
IWN iShares Russell 2000 Value E 0.27% 258,426 $46.8M Add +1.7%
NFLX Netflix Inc. 0.27% 493,055 $46.2M Add +4.4%
SCHF Schwab Intl Equity ETF 0.26% 1,901,550 $45.7M Add +1.2%
CVX Chevron Corp. 0.25% 284,987 $43.4M Add +7.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.25% 329,790 $43.4M Add +1.0%
IWR iShares Russell Mid-Cap ETF 0.24% 439,833 $42.3M Add +1.8%
BSCS Invesco Bulletshares 2028 CB 0.24% 2,050,907 $42.2M Add +22.5%
VZ Verizon Communications Inc. 0.24% 1,019,759 $41.5M Add +1.4%
ETN Eaton Corp. PLC 0.24% 130,372 $41.5M Add +9.6%
JPST JPMorgan Ultra-Short Income 0.24% 805,176 $40.7M Add +30.0%
DFAI Dimensional International Co. 0.23% 1,054,858 $40.2M Add +2.8%
SYK Stryker Corp. 0.23% 111,442 $39.2M Reduce -6.2%
BSCT Invesco Bulletshares 2029 CB 0.23% 2,067,834 $38.9M Add +15.7%
KO The Coca-Cola Co. 0.22% 556,194 $38.9M Add +7.6%
IGF iShares Global Infrastructur 0.22% 627,890 $38.5M Add +6.9%
TLH iShares 10-20 Year Treasury 0.22% 377,893 $38.4M Add +3.0%
EFA iShares MSCI Eafe ETF 0.22% 398,489 $38.3M Add +0.8%
AXP American Express Co. 0.22% 101,178 $37.4M Add +2.7%
JEPI JPMorgan Equity Premium Inco 0.21% 647,439 $37.1M Add +26.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.21% 127,536 $37.0M Add +11.1%
GE General Electric filed as GE AEROSPACE 0.21% 118,874 $36.6M Add +5.8%

Show all 4,124 holdings

Options reported separately and not counted above: SPY puts ($16.4M), AAPL puts ($7.5M), MSFT puts ($5.2M), SHW puts ($4.9M), LECO puts ($4.8M), CDNS puts ($4.3M), ABNB puts ($3.6M), GOOG puts ($3.0M), TSM calls ($2.4M), AMAT puts ($2.1M), ISRG puts ($1.9M), LLY puts ($1.8M), and 193 more.

Other holdings (22): bonds, preferreds, convertibles and warrants · $411K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 122$148KAdd +171.1%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 92$115KAdd +5.8%
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 448$45KAdd +9.8%
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) PFD CV TR SEC 28 800$39KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 1,634$31KAdd +5.3%
EVEX.WS Eve Holdng Inc. -CW25 *W EXP 05/09/202 49,000$23KNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 36$2KNew
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 23$1KNew
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% 55$1KNew
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 22$902New
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 15$756New
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 684$616Add +1.4%
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F 24$458New
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 6$454New
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 17$424New
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 7$408New
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 684$356New
GME.WS Gamestop Corp. *W EXP 10/30/202 101$305Reduce -4.8%
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 684$274New
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 65$175No change
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 21$37Add +16.7%
TBLAW Taboola.com Ltd. -CW27 *W EXP 99/99/999 200$10No change
Lines left out (3) · $5 — a value with no share or principal amount
SecurityClassSharesValue
NMFC New Mountain Finance Corp. COM0$3
GOLD RESOURCE CORP COM0$1
SLRC SLR Investment Corp. COM0$1

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $17.3B.

Portfolio Sells Q3 2025 → Q4 2025
IVV iShares Core S&P 500 ETF Reduce -0.1% 6.86% −0.40
BSCP Invesco Bulletshares 2025 CB Sold out 0.00% −0.27
SGOV iShares 0-3 Month Treasury B Reduce -5.0% 0.79% −0.11
IWF iShares Russell 1000 Growth Reduce -1.8% 1.08% −0.10
VIG Vanguard Dividend Apprec ETF Reduce -1.2% 1.27% −0.10
FISV Fiserv Inc. Reduce -84.9% 0.01% −0.09
AVGO Broadcom Inc. Reduce -3.1% 1.21% −0.08
IVE iShares S&P 500 Value ETF Reduce -0.3% 1.25% −0.07
HON Honeywell International Inc. Reduce -9.3% 0.20% −0.06
PULS Pgim Ultra Short Bond ETF Reduce -2.8% 0.43% −0.05
SYK Stryker Corp. Reduce -6.2% 0.23% −0.05
IBTF iShares Ibonds Dec 2025 Term Sold out 0.00% −0.04
MDLZ Mondelez International Inc. Class A Reduce -14.8% 0.09% −0.04
BKNG Booking Holdings Inc. Reduce -0.6% 0.38% −0.04
ACIO Aptus Collared Invest Opp Reduce -12.6% 0.16% −0.04
IJK iShares S&P Mid-Cap 400 Grow Reduce -1.1% 0.41% −0.03
AMT American Tower Corp. Reduce -9.5% 0.10% −0.03
PPA Invesco Aerospace & Defense Reduce -6.9% 0.20% −0.03
UNP Union Pacific Corp. Reduce -7.6% 0.16% −0.03
SO The Southern Co. Reduce -6.3% 0.12% −0.03
VGT Vanguard Info Tech ETF Reduce -1.8% 0.33% −0.03
SCHG Schwab US Large-Cap Growth Reduce -0.7% 0.42% −0.03
LIN Linde PLC Reduce -2.4% 0.11% −0.03
PGR Progressive Corp. Reduce -9.8% 0.08% −0.02
ZTS Zoetis Inc. Reduce -12.2% 0.05% −0.02
ARE Alexandria Real Estate Equit Reduce -82.3% 0.00% −0.02
TSM Taiwan Semiconductor-SP ADR Reduce -5.1% 0.44% −0.02
APP AppLovin Corp. Class A Reduce -10.1% 0.07% −0.02
GAUG FT Vest US Equity Moderate B Reduce -40.7% 0.02% −0.02
TTD Trade Desk Inc./the Class A Reduce -35.2% 0.02% −0.02
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -1.6% 0.12% −0.02
PAPR Innovator U.S. Equity Power Reduce -46.9% 0.02% −0.02
NAPR Innovator Growth 100 Power B Reduce -44.6% 0.02% −0.02
ROP Roper Technologies Inc. Reduce -49.7% 0.01% −0.02
NJUL Innovator Growth 100 Power B Reduce -46.3% 0.02% −0.02
TMUS T-Mobile US Inc. Reduce -0.1% 0.06% −0.02
TXN Texas Instruments Inc. Reduce -6.4% 0.07% −0.02
GSEP FT Vest US Equity Moderate B Reduce -7.4% 0.10% −0.02
COP Conocophillips Reduce -6.0% 0.09% −0.01
IWB iShares Russell 1000 ETF Reduce -2.2% 0.17% −0.01
FVAL Fidelity Value Factor ETF Reduce -7.8% 0.12% −0.01
SNPS Synopsys Inc. Reduce -52.6% 0.01% −0.01
APD Air Products & Chemicals Inc. Reduce -11.3% 0.04% −0.01
PAVE Global X US Infrastructure Reduce -12.9% 0.05% −0.01
VMC Vulcan Materials Co. Reduce -2.6% 0.06% −0.01
FXL First Trust Technology Alpha Reduce -9.0% 0.07% −0.01
BX Blackstone Inc. Reduce -1.1% 0.06% −0.01
MLPX Global X MLP & Energy Infras Reduce -5.3% 0.07% −0.01
ACN Accenture PLC Class A Reduce -5.7% 0.21% −0.01
PJT PJT Partners Inc. Class A Reduce -30.3% 0.02% −0.01

Portfolio Buys Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US Add +15.8% 3.66% +0.32
GOOGL Alphabet Inc. Class A Add +0.4% 1.51% +0.25
GOOG Alphabet Inc. Class C Add +2.9% 1.15% +0.21
AAPL Apple Inc. Add +7.4% 3.41% +0.19
JMUB JPMorgan Municipal ETF New 0.19% +0.19
LLY Eli Lilly & Co. Add +7.6% 0.57% +0.16
URI United Rentals Inc. Add +1653.4% 0.12% +0.11
VCSH Vanguard S/T Corp. Bond ETF Add +28.9% 0.63% +0.10
USMV iShares MSCI USA Min Vol Fac Add +40.9% 0.39% +0.09
USEW Cambria US Ew ETF New 0.09% +0.09
IAU iShares Gold Trust Add +27.3% 0.35% +0.08
QQQ Invesco QQQ Trust Series 1 Add +11.9% 1.45% +0.08
SPTS SS SPDR P St Term TSY ETF Add +6002.0% 0.08% +0.08
ADP Automatic Data Processing Add +113.9% 0.16% +0.07
UPS United Parcel Service Class B Add +253.2% 0.09% +0.07
IAUM iShares Gold Trust Micro Add +807.9% 0.07% +0.07
JKHY Jack Henry & Associates Inc. Add +5803.8% 0.07% +0.07
INFL Horizon Kinetics Infl Benef Add +193370.8% 0.06% +0.06
PHYS Sprott Physical Gold Trust Add +1829.3% 0.06% +0.05
BRK.A Berkshire Hathaway Inc. Class A Add +53.9% 0.17% +0.05
CAT Caterpillar Inc. Add +23.9% 0.19% +0.05
SPGI S&P Global Inc. Add +108.3% 0.10% +0.05
NOCT Innovator Growth-100 Power B Add +705.3% 0.06% +0.05
BRK.B Berkshire Hathaway Inc. Class B Add +15.6% 0.77% +0.05
XLK SS Technology Select Sector Add +23.3% 0.34% +0.05
MINT PIMCO Enhanced Short Maturit Add +344.8% 0.06% +0.05
OWL Blue Owl Capital Inc. Add +266.3% 0.07% +0.04
JNJ Johnson & Johnson Add +3.1% 0.75% +0.04
ROST Ross Stores Inc. Add +598.2% 0.05% +0.04
MRK Merck & Co. Inc. Add +11.3% 0.20% +0.04
TMO Thermo Fisher Scientific Inc. Add +16.0% 0.20% +0.04
CSCO Cisco Systems Inc. Add +5.9% 0.46% +0.04
IGRO iShares Intl Div Growth ETF Add +24302.8% 0.04% +0.04
TJX TJX Companies Inc. Add +27.8% 0.20% +0.04
ISRG Intuitive Surgical Inc. Add +22.5% 0.13% +0.04
JPST JPMorgan Ultra-Short Income Add +30.0% 0.24% +0.04
AMZN Amazon.com Inc. Add +5.6% 1.50% +0.04
MKL Markel Group Inc. Add +514.6% 0.04% +0.04
RTX RTX Corp. Add +5.2% 0.59% +0.04
VYMI Vanguard Int High DVD YLD Inc. Add +1151.2% 0.03% +0.03
JEPI JPMorgan Equity Premium Inco Add +26.6% 0.21% +0.03
POCT Innovator U.S. Equity Power Add +316.0% 0.04% +0.03
IYY iShares Dow Jones U.S. ETF Add +11198.3% 0.03% +0.03
IWP iShares Russell Mid-Cap Grow Add +40.9% 0.15% +0.03
SHY iShares 1-3 Year Treasury Bo Add +59.6% 0.09% +0.03
AMAT Applied Materials Inc. Add +18.2% 0.11% +0.03
FTEC Fidelity MSCI Info Tech Indx Add +40.1% 0.12% +0.03
GRID First TRST Nasd Class Edg Sgiif Add +36171.1% 0.03% +0.03
BSCS Invesco Bulletshares 2028 CB Add +22.5% 0.24% +0.03
SRE Sempra Add +658.3% 0.03% +0.03

Options Activity Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US put New 24,100 $16.4M
AAPL Apple Inc. put Add +23.8% 27,600 $7.5M
MSFT Microsoft Corp. put Add +17.4% 10,800 $5.2M
LECO Lincoln Electric Holdings put New 20,000 $4.8M
GOOG Alphabet Inc. Class C put Add +142.5% 9,700 $3.0M
QCOM Qualcomm Inc. put Reduce -4.8% 10,000 $1.7M
PLTR Palantir Technologies Inc. Class A put Add +533.3% 9,500 $1.7M
NVDA Nvidia Corp. call Reduce -64.0% 8,500 $1.6M
HD Home Depot Inc. put Reduce -12.2% 4,300 $1.5M
AVGO Broadcom Inc. call Add +71.4% 3,600 $1.2M
IGV iShares Expanded Tech-Softwa put Reduce -50.0% 9,000 $951K
APO Apollo Global Management Inc. call Reduce -61.4% 4,900 $709K
META Meta Platforms Inc. Class A call Add +25.0% 1,000 $660K
AVGO Broadcom Inc. put Reduce -10.0% 1,800 $623K
MCK McKesson Corp. put Reduce -66.7% 700 $574K
LLY Eli Lilly & Co. call Add +66.7% 500 $537K
GOOGL Alphabet Inc. Class A call Add +30.8% 1,700 $532K
MSFT Microsoft Corp. call Add +37.5% 1,100 $532K
SNOW Snowflake Inc. put Sold out 2,000 $451Kbefore exit
GS Goldman Sachs Group Inc. call Reduce -16.7% 500 $440K
COST Costco Wholesale Corp. call Add +66.7% 500 $431K
MRK Merck & Co. Inc. put Sold out 5,000 $420Kbefore exit
CAT Caterpillar Inc. call Add +40.0% 700 $401K
DELL Dell Technologies -C put Reduce -17.1% 2,900 $365K
LEN Lennar Corp. Class A call Sold out 2,800 $353Kbefore exit
AMZN Amazon.com Inc. call Add +7.1% 1,500 $346K
BA The Boeing Co. call Add +25.0% 1,500 $326K
SMH Vaneck Semiconductor ETF call Add +50.0% 900 $324K
IBIT iShares Bitcoin Trust ETF call Reduce -15.9% 5,800 $288K
APP AppLovin Corp. Class A call Add +100.0% 400 $270K
MAR Marriott International Class A put New 800 $248K
NOW ServiceNow Inc. call Add +60.0% 1,600 $245K
PLTR Palantir Technologies Inc. Class A call Add +20.0% 1,200 $213K
ORCL Oracle Corp. call Add +11.1% 1,000 $195K
LBRT Liberty Energy Inc. put Sold out 15,000 $185Kbefore exit
ORCL Oracle Corp. put New 900 $175K
MA Mastercard Inc. Class A call Add +50.0% 300 $171K
UNH Unitedhealth Group Inc. call Add +25.0% 500 $165K
CRWD CrowdStrike Holdings Inc. Class A call Add +50.0% 300 $141K
AAPL Apple Inc. call Reduce -97.6% 500 $136K
CTSH Cognizant Tech Solutions-A put Sold out 2,000 $134Kbefore exit
FITB Fifth Third Bancorp put Sold out 3,000 $134Kbefore exit
QQQ Invesco QQQ Trust Series 1 call New 200 $123K
IESC Ies Holdings Inc. call Add +200.0% 300 $117K
AMD Advanced Micro Devices call Reduce -16.7% 500 $107K
V Visa Inc. Class A call Add +50.0% 300 $105K
FDX FedEx Corp. call Add +50.0% 300 $87K
COST Costco Wholesale Corp. put New 100 $86K
DIS The Walt Disney Co. call Reduce -50.0% 600 $68K
SPY SS SPDR S&P 500 ETF Trust-US call New 100 $68K

Showing the first 50 of 84.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2025 → Q4 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +171.1% 122 $148K
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +5.8% 92 $115K
EXEEL Chesapeake Energy Corp. -CW26 *W EXP 02/09/202 Add +9.8% 448 $45K
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Add +5.3% 1,634 $31K
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 36 $2K
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A New 23 $1K
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% New 55 $1K
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A New 22 $902
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD New 15 $756
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 Add +1.4% 684 $616
RBOT.WS Vicarious Surgical Inc.-CW27 *W EXP 09/17/202 Sold out 25,000 $500before exit
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F New 24 $458
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV New 6 $454
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A New 17 $424
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG New 7 $408
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 684 $356
GME.WS Gamestop Corp. *W EXP 10/30/202 Reduce -4.8% 101 $305
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 New 684 $274
CLEARBRIDGE ENERGY MI-RT RIGHT 10/10/2025 Sold out 9,810 $187before exit
COHEN & STEERS INFRASTRU RIGHT 10/16/2025 Sold out 1,238 $97before exit
SAFETY SHOT INC *W EXP 10/30/202 Sold out 1,225 $42before exit
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 Add +16.7% 21 $37
NMFC New Mountain Finance Corp. COM Reduce -100.0% 0 $3
SLRC SLR Investment Corp. COM Reduce -100.0% 0 $1
IFLN Invesco Bloomberg Enhanced F BLOO EN ANGE ETF Sold out 0 $1before exit
BLACKROCK INCOME TR-RT RIGHT 10/20/2025 Sold out 64 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,884$26.3BIVV, SPY, AAPL, GLDM, NVDA
Q1 2026 4,791$17.6BIVV, AAPL, SPY, MSFT, IJH
Q4 2025 4,124$17.3BIVV, SPY, AAPL, MSFT, IJH
Q3 2025 3,587$16.0BIVV, SPY, AAPL, MSFT, IJH
Q2 2025 3,760$14.4BIVV, SPY, MSFT, AAPL, IJH
Q1 2025 3,248$13.2BIVV, SPY, AAPL, MSFT, IJH
Q4 2024 3,305$13.4BIVV, AAPL, SPY, MSFT, IJH
Q3 2024 1,095$10.4BIVV, SPY, AAPL, MSFT, IJH
Q2 2024 1,257$10.2BIVV, MSFT, SPY, AAPL, IJH
Q1 2024 1,219$9.6BIVV, SPY, MSFT, AAPL, IJH