Manufacturers Life Insurance Company, The
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Manufacturers Life Insurance Company, The reported 2,948 stock positions worth $113.0 billion. Its top holding was Apple (AAPL) at 3.7% of the portfolio, followed by Microsoft (MSFT, 3.5%) and Amazon.com (AMZN, 3.1%). Compared with Q2 2024, it opened 98 new positions, sold out of 94, added to 785 and reduced 2,028. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale Unitedhealth (UNH, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- CANADA, A6
- CIK
- 0000928047
- Portfolio Value
- $113.0B (Q3 2024)
- SEC Filing
- 0001145443-24-000149 ↗ filed Nov 13, 2024
Holdings Value
Holdings 2,948 stocks · $113.0B
| AAPL Apple Inc. | 3.67% | 17,780,297 | $4.1B | Add +3.6% |
| MSFT Microsoft Corp. | 3.52% | 9,250,128 | $4.0B | Add +2.4% |
| AMZN Amazon.com Inc. | 3.14% | 19,043,336 | $3.5B | Add +2.9% |
| NVDA Nvidia Corp. | 2.51% | 23,362,857 | $2.8B | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 2.34% | 15,963,072 | $2.6B | Add +5.1% |
| RY Royal Bank of Canada | 1.33% | 11,995,500 | $1.5B | Reduce -1.1% |
| LLY Eli Lilly & Co. | 1.19% | 1,515,691 | $1.3B | Reduce -0.5% |
| LEN Lennar Corp. Class A | 0.98% | 5,903,555 | $1.1B | Add +1.3% |
| ELV Elevance Health Inc. | 0.96% | 2,091,969 | $1.1B | Add +8.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 2,357,659 | $1.1B | Add +17.6% |
| KKR KKR & Co. Inc. | 0.87% | 7,552,996 | $986.3M | Reduce -8.0% |
| LNG Cheniere Energy Inc. | 0.87% | 5,438,428 | $978.0M | Add +3.2% |
| CP Canadian Pacific Kansas City | 0.86% | 11,372,475 | $973.3M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 0.85% | 1,675,733 | $959.2M | Reduce -0.9% |
| CNQ Canadian Natural Resources | 0.84% | 28,468,127 | $946.0M | Add +5.1% |
| SU Suncor Energy Inc. | 0.82% | 25,161,479 | $929.3M | Add +0.1% |
| MS Morgan Stanley | 0.82% | 8,859,140 | $923.5M | Reduce -1.4% |
| UNH Unitedhealth Group Inc. | 0.82% | 1,577,487 | $922.3M | Reduce -30.4% |
| TMO Thermo Fisher Scientific Inc. | 0.78% | 1,419,585 | $878.1M | Reduce -13.2% |
| TD Toronto-Dominion Bank | 0.76% | 13,509,261 | $854.8M | Add +24.9% |
| WMT Walmart Inc. | 0.76% | 10,569,183 | $853.5M | Reduce -10.4% |
| BND Vanguard Total Bond Market | 0.73% | 11,045,127 | $829.6M | Add +5.2% |
| AVGO Broadcom Inc. | 0.73% | 4,797,959 | $827.6M | Add +6.6% |
| ADI Analog Devices Inc. | 0.72% | 3,534,004 | $813.4M | Reduce -0.5% |
| ENB Enbridge Inc. | 0.71% | 19,800,169 | $804.8M | Reduce -5.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.71% | 1,394,689 | $800.2M | Add +0.0% |
| CRM Salesforce Inc. | 0.64% | 2,640,001 | $722.6M | Reduce -5.2% |
| CCI Crown Castle Inc. | 0.64% | 6,085,456 | $721.9M | Reduce -0.8% |
| TXN Texas Instruments Inc. | 0.60% | 3,278,999 | $677.4M | Reduce -18.1% |
| ORCL Oracle Corp. | 0.58% | 3,877,954 | $660.8M | Reduce -16.0% |
| SHOP Shopify Inc. Class A | 0.58% | 8,211,511 | $658.2M | Add +6.3% |
| BN Brookfield Corp. | 0.55% | 11,736,712 | $623.8M | Add +31.6% |
| JHEM John Hancock Multi Em MRK Et | 0.54% | 21,305,289 | $609.3M | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 0.53% | 3,583,980 | $599.2M | Reduce -2.1% |
| MCK McKesson Corp. | 0.52% | 1,189,377 | $588.0M | Add +55.8% |
| MRK Merck & Co. Inc. | 0.52% | 5,152,053 | $585.1M | Add +2.9% |
| GS Goldman Sachs Group Inc. | 0.51% | 1,156,591 | $572.6M | Reduce -3.1% |
| URI United Rentals Inc. | 0.50% | 704,145 | $570.2M | Add +10.5% |
| JPM JPMorgan Chase & Co. | 0.50% | 2,702,703 | $569.9M | Reduce -2.5% |
| WDAY Workday Inc. Class A | 0.50% | 2,316,167 | $566.1M | Add +0.6% |
| VOO Vanguard S&P 500 ETF | 0.49% | 1,049,937 | $554.0M | Add +5.9% |
| SLF Sun Life Financial Inc. | 0.48% | 9,256,384 | $537.3M | Add +7.6% |
| GILD Gilead Sciences Inc. | 0.47% | 6,342,411 | $531.7M | Reduce -4.0% |
| DHR Danaher Corp. | 0.46% | 1,860,099 | $517.1M | Reduce -6.3% |
| GIB Cgi Inc. | 0.45% | 4,428,100 | $509.9M | Reduce -20.5% |
| V Visa Inc. Class A | 0.44% | 1,792,620 | $492.9M | Reduce -11.0% |
| LIN Linde PLC | 0.43% | 1,028,612 | $490.5M | Reduce -13.3% |
| NDAQ Nasdaq Inc. | 0.43% | 6,618,769 | $483.2M | Reduce -2.7% |
| TSLA Tesla Inc. | 0.43% | 1,837,217 | $480.7M | Add +1.0% |
| WCN Waste Connections Inc. | 0.42% | 2,669,392 | $477.5M | Reduce -8.4% |
| ABT Abbott Laboratories | 0.42% | 4,143,082 | $472.3M | Reduce -11.0% |
| JNJ Johnson & Johnson | 0.41% | 2,891,911 | $468.7M | Add +7.7% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.41% | 7,064,286 | $468.3M | Reduce -3.9% |
| FWONK Liberty Media Corp. Class C | 0.41% | 5,944,653 | $460.3M | Reduce -1.9% |
| SYK Stryker Corp. | 0.40% | 1,257,091 | $454.1M | Add +3.9% |
| ABBV Abbvie Inc. | 0.40% | 2,269,854 | $448.3M | Reduce -1.3% |
| CNI Canadian Natl Railway Co. | 0.40% | 3,819,623 | $447.6M | Reduce -21.0% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.38% | 4,793,309 | $432.8M | Add +2.5% |
| XOM Exxon Mobil Corp. | 0.37% | 3,585,074 | $420.2M | Reduce -5.5% |
| LOW Lowe's Cos Inc. | 0.35% | 1,459,279 | $395.2M | Reduce -2.6% |
| FSV Firstservice Corp. | 0.34% | 2,114,592 | $386.6M | Reduce -22.6% |
| KLAC KLA Corp. | 0.33% | 486,206 | $376.5M | Reduce -3.6% |
| FIS Fidelity National Info Serv | 0.33% | 4,433,946 | $371.3M | Add +13.8% |
| UNP Union Pacific Corp. | 0.32% | 1,465,329 | $361.2M | Add +6.2% |
| REGN Regeneron Pharmaceuticals | 0.31% | 338,044 | $355.4M | Reduce -0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 8,912,462 | $353.6M | Add +3.9% |
| PG The Procter & Gamble Co. | 0.31% | 2,000,894 | $346.6M | Reduce -2.0% |
| AMAT Applied Materials Inc. | 0.30% | 1,698,282 | $343.1M | Add +62.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 3,520,282 | $338.6M | Reduce -0.1% |
| HD Home Depot Inc. | 0.29% | 815,247 | $330.3M | Reduce -2.5% |
| AEM Agnico Eagle Mines Ltd. | 0.29% | 4,051,140 | $326.6M | Add +17.1% |
| JHMD John Hancock MF Dev Intl ETF | 0.29% | 9,234,074 | $326.5M | Reduce -1.1% |
| IMO Imperial Oil Ltd. | 0.28% | 4,420,002 | $311.2M | Add +8.4% |
| MA Mastercard Inc. Class A | 0.27% | 623,340 | $307.8M | Reduce -1.1% |
| AON Aon PLC Class A | 0.26% | 858,551 | $297.1M | Reduce -12.4% |
| CSCO Cisco Systems Inc. | 0.26% | 5,541,607 | $294.9M | Add +87.9% |
| TRI Thomson Reuters Corp. | 0.26% | 1,725,119 | $294.4M | Reduce -17.6% |
| MDT Medtronic PLC | 0.26% | 3,252,181 | $292.8M | Add +29.1% |
| AZO AutoZone Inc. | 0.26% | 92,870 | $292.5M | Add +186.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 622,225 | $289.4M | Reduce -1.8% |
| IVV iShares Core S&P 500 ETF | 0.25% | 499,499 | $288.1M | Reduce -21.6% |
| WFC Wells Fargo & Co. | 0.25% | 5,098,796 | $288.0M | Reduce -4.4% |
| COST Costco Wholesale Corp. | 0.25% | 320,108 | $283.8M | Add +2.3% |
| LVS Las Vegas Sands Corp. | 0.25% | 5,627,422 | $283.3M | Add +1.4% |
| QSR Restaurant Brands Intern | 0.25% | 3,852,016 | $278.1M | Reduce -7.1% |
| ACN Accenture PLC Class A | 0.24% | 776,909 | $274.6M | Reduce -18.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.24% | 3,962,906 | $267.5M | Add +2.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 1,539,375 | $267.4M | Add +3.2% |
| BDX Becton Dickinson and Co. | 0.24% | 1,107,317 | $267.0M | Add +62.2% |
| NTR Nutrien Ltd. | 0.24% | 5,551,512 | $266.9M | Reduce -18.1% |
| PM Philip Morris International | 0.24% | 2,190,454 | $265.9M | Reduce -2.1% |
| COP Conocophillips | 0.23% | 2,489,514 | $262.1M | Add +1.9% |
| FNV Franco-Nevada Corp. | 0.23% | 2,083,817 | $259.0M | Reduce -2.5% |
| MCD McDonald's Corp. | 0.23% | 839,345 | $255.6M | Reduce -5.3% |
| BRO Brown & Brown Inc. | 0.22% | 2,451,378 | $254.0M | Reduce -29.8% |
| AMD Advanced Micro Devices | 0.22% | 1,541,565 | $252.9M | Add +16.4% |
| CI The Cigna Group | 0.22% | 729,252 | $252.6M | Add +6.7% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.22% | 879,253 | $247.4M | Reduce -15.8% |
| INTU Intuit Inc. | 0.22% | 397,542 | $246.9M | Add +50.1% |
| LMT Lockheed Martin Corp. | 0.22% | 421,656 | $246.5M | Reduce -4.2% |
Other holdings (49): bonds, preferreds, convertibles and warrants · $1.0B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 3,207,850 | $179.1M | Add +113.9% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 82,910,000 | $83.8M | Add +41.6% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 79,910,000 | $81.2M | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 61,882 | $79.4M | Add +0.1% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 1,290,110 | $78.4M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 42,495 | $54.2M | Reduce -0.1% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 1,100,711 | $52.1M | Reduce -71.7% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 48,075,000 | $49.4M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 36,426,000 | $34.1M | Add +1.6% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 29,650,000 | $33.0M | New |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 31,285,000 | $32.7M | Add +1.1% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 28,700,000 | $28.2M | New |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 26,196,000 | $25.7M | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 16,500,000 | $24.2M | New |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 10,500,000 | $23.5M | New |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 15,150,000 | $21.7M | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 14,805,000 | $21.0M | New |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 10,200,000 | $14.7M | New |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 12,178,000 | $11.7M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 9,300,000 | $11.3M | New |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 8,550,000 | $10.7M | New |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 8,100,000 | $10.5M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 9,700,000 | $8.6M | New |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 8,000,000 | $8.2M | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 11,000,000 | $8.2M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 5,000,000 | $4.4M | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 3,900,000 | $4.1M | New |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 4,000,000 | $3.9M | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 3,700,000 | $3.9M | New |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 3,750,000 | $3.5M | New |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 2,700,000 | $3.1M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 2,500,000 | $2.5M | New |
| LIVENT CORP (LTHM 4.125 07/15/25) | NOTE 4.125% 7/1 · principal | 1,950,000 | $2.2M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 2,000,000 | $1.9M | Reduce -50.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 1,800,000 | $1.9M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 1,800,000 | $1.7M | New |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 777,000 | $1.5M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 1,250,000 | $1.2M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 1,250,000 | $1.2M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 1,250,000 | $1.2M | New |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 19,011 | $1.2M | Add +12.4% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 1,250,000 | $1.2M | New |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 27,529 | $843K | Add +39.8% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 750,000 | $699K | New |
| EQUITY COMMONWEALTH (EQC 6.5 PERP D) | 6.5% CNV PFD D | 26,104 | $659K | Add +1.0% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 9,996 | $530K | Reduce -2.3% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 13,349 | $348K | Add +21.3% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 · principal | 17,659 | $210K | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 2,000 | $2K | New |
Total filed on the 13F, all lines: $114.1B.
Portfolio Sells Q2 2024 → Q3 2024
| UNH Unitedhealth Group Inc. | Reduce -30.4% | 0.82% | −0.27 |
| MCHP Microchip Technology Inc. | Reduce -85.0% | 0.02% | −0.16 |
| CDNS Cadence Design SYS Inc. | Reduce -75.8% | 0.04% | −0.16 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.16 |
| CNI Canadian Natl Railway Co. | Reduce -21.0% | 0.40% | −0.14 |
| CDW CDW Corp. | Reduce -88.6% | 0.02% | −0.13 |
| TXN Texas Instruments Inc. | Reduce -18.1% | 0.60% | −0.13 |
| BAM Brookfield Asset Mgmt-A | Reduce -60.1% | 0.11% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 1.19% | −0.11 |
| ABNB Airbnb Inc. Class A | Reduce -69.2% | 0.03% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 0.53% | −0.10 |
| VEA Vanguard Ftse Developed ETF | Reduce -36.3% | 0.17% | −0.10 |
| DG Dollar General Corp. | Reduce -73.2% | 0.02% | −0.10 |
| QUAL iShares MSCI USA Quality Fac | Reduce -59.5% | 0.06% | −0.09 |
| LPLA LPL Financial Holdings Inc. | Reduce -27.7% | 0.12% | −0.09 |
| NTR Nutrien Ltd. | Reduce -18.1% | 0.24% | −0.09 |
| IVV iShares Core S&P 500 ETF | Reduce -21.6% | 0.25% | −0.07 |
| GIL Gildan Activewear Inc. | Reduce -81.7% | 0.02% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -13.2% | 0.78% | −0.07 |
| GIB Cgi Inc. | Reduce -20.5% | 0.45% | −0.07 |
| TRI Thomson Reuters Corp. | Reduce -17.6% | 0.26% | −0.07 |
| EW Edwards Lifesciences Corp. | Reduce -8.3% | 0.11% | −0.07 |
| BRO Brown & Brown Inc. | Reduce -29.8% | 0.22% | −0.07 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -19.6% | 0.11% | −0.07 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.07 |
| V Visa Inc. Class A | Reduce -11.0% | 0.44% | −0.06 |
| KLAC KLA Corp. | Reduce -3.6% | 0.33% | −0.06 |
| WCN Waste Connections Inc. | Reduce -8.4% | 0.42% | −0.06 |
| VMC Vulcan Materials Co. | Reduce -74.9% | 0.02% | −0.06 |
| ODFL Old Dominion Freight Line | Reduce -70.2% | 0.03% | −0.06 |
| LIN Linde PLC | Reduce -13.3% | 0.43% | −0.05 |
| EWJ iShares MSCI Japan ETF | Reduce -58.9% | 0.03% | −0.05 |
| FSV Firstservice Corp. | Reduce -22.6% | 0.34% | −0.05 |
| TLT iShares 20+ Year Treasury BD | Reduce -48.5% | 0.05% | −0.05 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -78.2% | 0.01% | −0.05 |
| BALL Ball Corp. | Reduce -82.4% | 0.01% | −0.05 |
| TU Telus Corp. | Reduce -37.8% | 0.08% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -4.4% | 0.25% | −0.04 |
| ADI Analog Devices Inc. | Reduce -0.5% | 0.72% | −0.04 |
| IYM iShares U.S. Basic Materials | Sold out | 0.00% | −0.04 |
| FLJP Franklin Ftse Japan ETF | Sold out | 0.00% | −0.04 |
| SNPS Synopsys Inc. | Reduce -24.9% | 0.06% | −0.04 |
| INTC Intel Corp. | Reduce -15.8% | 0.06% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -5.5% | 0.37% | −0.04 |
| CVE Cenovus Energy Inc. | Reduce -4.1% | 0.12% | −0.04 |
| DVN Devon Energy Corp. | Reduce -60.7% | 0.02% | −0.04 |
| STLA Stellantis NV | Reduce -47.6% | 0.02% | −0.04 |
| ABT Abbott Laboratories | Reduce -11.0% | 0.42% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -15.8% | 0.22% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -1.9% | 0.13% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| AAPL Apple Inc. | Add +3.6% | 3.67% | +0.28 |
| BN Brookfield Corp. | Add +31.6% | 0.55% | +0.20 |
| TD Toronto-Dominion Bank | Add +24.9% | 0.76% | +0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +17.6% | 0.96% | +0.20 |
| AZO AutoZone Inc. | Add +186.8% | 0.26% | +0.17 |
| LEN Lennar Corp. Class A | Add +1.3% | 0.98% | +0.16 |
| RCI Rogers Communications Inc. Class B | Add +371.0% | 0.18% | +0.14 |
| CSCO Cisco Systems Inc. | Add +87.9% | 0.26% | +0.13 |
| AVTR Avantor Inc. | Add +653.0% | 0.14% | +0.13 |
| URI United Rentals Inc. | Add +10.5% | 0.50% | +0.12 |
| SHOP Shopify Inc. Class A | Add +6.3% | 0.58% | +0.10 |
| MCK McKesson Corp. | Add +55.8% | 0.52% | +0.10 |
| STN Stantec Inc. | Add +121.3% | 0.20% | +0.10 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.10% | +0.10 |
| MRSH Marsh & McLennan Cos | Add +127.9% | 0.18% | +0.10 |
| TSLA Tesla Inc. | Add +1.0% | 0.43% | +0.09 |
| BDX Becton Dickinson and Co. | Add +62.2% | 0.24% | +0.09 |
| SLF Sun Life Financial Inc. | Add +7.6% | 0.48% | +0.08 |
| AEM Agnico Eagle Mines Ltd. | Add +17.1% | 0.29% | +0.08 |
| IVW iShares S&P 500 Growth ETF | New | 0.07% | +0.07 |
| MDT Medtronic PLC | Add +29.1% | 0.26% | +0.07 |
| IYW iShares Ustechnology ETF | Add +4550.8% | 0.07% | +0.07 |
| AMAT Applied Materials Inc. | Add +62.6% | 0.30% | +0.07 |
| B Barrick Gold Corp. | Add +33.3% | 0.20% | +0.07 |
| LULU Lululemon Athletica Inc. | Add +136.3% | 0.13% | +0.06 |
| APH Amphenol Corp. Class A | Add +157.2% | 0.11% | +0.06 |
| IYC iShares US Consumer Discreti | New | 0.06% | +0.06 |
| AMP Ameriprise Financial Inc. | Add +144.0% | 0.10% | +0.06 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.06% | +0.06 |
| WRB WR Berkley Corp. | Add +36.0% | 0.21% | +0.06 |
| CM Can Imperial BK of Commerce | Add +23.3% | 0.17% | +0.06 |
| INTU Intuit Inc. | Add +50.1% | 0.22% | +0.06 |
| SBUX Starbucks Corp. | Add +19.6% | 0.19% | +0.05 |
| AVGO Broadcom Inc. | Add +6.6% | 0.73% | +0.05 |
| FIS Fidelity National Info Serv | Add +13.8% | 0.33% | +0.05 |
| BNS Bank of Nova Scotia | Add +17.5% | 0.21% | +0.05 |
| PBA Pembina Pipeline Corp. | Add +71.6% | 0.12% | +0.05 |
| XLF SS Financial Select Sector | Add +77.2% | 0.11% | +0.05 |
| WPM Wheaton Precious Metals Corp. | Add +22.5% | 0.19% | +0.05 |
| PYPL PayPal Holdings Inc. | Add +29.3% | 0.12% | +0.05 |
| EWA iShares MSCI Australia ETF | New | 0.05% | +0.05 |
| CB Chubb Ltd. | Add +23.3% | 0.19% | +0.05 |
| GNRC Generac Holdings Inc. | Add +114.8% | 0.08% | +0.05 |
| JNJ Johnson & Johnson | Add +7.7% | 0.41% | +0.05 |
| ALAB Astera Labs Inc. | Add +15477.8% | 0.04% | +0.04 |
| SHY iShares 1-3 Year Treasury Bo | Add +179.8% | 0.06% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +3015.6% | 0.04% | +0.04 |
| TT Trane Technologies PLC | Add +16.9% | 0.17% | +0.04 |
| NEE Nextera Energy Inc. | Add +14.4% | 0.17% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +991.4% | 0.04% | +0.04 |
Notes & Other Activity Q2 2024 → Q3 2024
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +113.9% | 3,207,850 | $179.1M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +41.6% | 82,910,000 | $83.8M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 79,910,000 | $81.2M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.1% | 61,882 | $79.4M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 1,290,110 | $78.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.1% | 42,495 | $54.2M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -71.7% | 1,100,711 | $52.1M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | New | 48,075,000 | $49.4M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +1.6% | 36,426,000 | $34.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | New | 29,650,000 | $33.0M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Add +1.1% | 31,285,000 | $32.7M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | New | 28,700,000 | $28.2M |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | New | 26,196,000 | $25.7M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | New | 16,500,000 | $24.2M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | New | 10,500,000 | $23.5M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | New | 15,150,000 | $21.7M |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | New | 14,805,000 | $21.0M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | New | 10,200,000 | $14.7M |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | New | 12,178,000 | $11.7M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 9,300,000 | $11.3M |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | New | 8,550,000 | $10.7M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | New | 8,100,000 | $10.5M |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | New | 9,700,000 | $8.6M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | New | 11,000,000 | $8.2M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 5,000,000 | $4.4M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | New | 3,900,000 | $4.1M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | New | 4,000,000 | $3.9M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | New | 3,700,000 | $3.9M |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | New | 3,750,000 | $3.5M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | New | 2,700,000 | $3.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | New | 2,500,000 | $2.5M |
| LIVENT CORP (LTHM 4.125 07/15/25) | NOTE 4.125% 7/1 · principal | New | 1,950,000 | $2.2M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Reduce -50.0% | 2,000,000 | $1.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 1,800,000 | $1.9M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | New | 1,800,000 | $1.7M |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | New | 777,000 | $1.5M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | New | 1,250,000 | $1.2M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | New | 1,250,000 | $1.2M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | New | 1,250,000 | $1.2M |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Add +12.4% | 19,011 | $1.2M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 1,250,000 | $1.2M |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Add +39.8% | 27,529 | $843K |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Sold out | 811,000 | $730Kbefore exit |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | New | 750,000 | $699K |
| EQUITY COMMONWEALTH (EQC 6.5 PERP D) | 6.5% CNV PFD D | Add +1.0% | 26,104 | $659K |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Reduce -2.3% | 9,996 | $530K |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +21.3% | 13,349 | $348K |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | Sold out | 17,659 | $264Kbefore exit |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 · principal | New | 17,659 | $210K |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | New | 2,000 | $2K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 2,825 | $126.6B | MSFT, NVDA, AMZN, GOOGL, AAPL |
| Q1 2026 | 2,760 | $115.0B | MSFT, NVDA, AMZN, GOOGL, AAPL |
| Q4 2025 | 2,800 | $120.4B | MSFT, NVDA, AMZN, AAPL, GOOGL |
| Q3 2025 | 2,850 | $120.5B | MSFT, NVDA, AMZN, AAPL, GOOGL |
| Q2 2025 | 2,854 | $110.7B | MSFT, AMZN, NVDA, AAPL, GOOGL |
| Q1 2025 | 2,840 | $104.4B | AAPL, MSFT, AMZN, NVDA, GOOGL |
| Q4 2024 | 2,917 | $113.8B | AAPL, AMZN, MSFT, NVDA, GOOGL |
| Q3 2024 | 2,948 | $113.0B | AAPL, MSFT, AMZN, NVDA, GOOGL |
| Q2 2024 | 2,943 | $106.6B | MSFT, AAPL, AMZN, NVDA, GOOGL |
| Q1 2024 | 2,931 | $107.4B | MSFT, AMZN, AAPL, GOOGL, NVDA |