Marshall Wace, LLP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Marshall Wace, LLP reported 2,454 stock positions worth $83.4 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 15.9% of the portfolio, followed by Microsoft (MSFT, 3.2%) and Amazon.com (AMZN, 3.1%). Compared with Q1 2025, it opened 703 new positions, sold out of 648, added to 891 and reduced 846. The biggest buy was a new position in Circle Internet (CRCL) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001318757
- Portfolio Value
- $83.4B (Q2 2025)
- SEC Filing
- 0001318757-25-000034 ↗ filed Aug 13, 2025
Holdings Value
Holdings 2,454 stocks · $83.4B
| IVV iShares Core S&P 500 ETF | 15.94% | 21,422,379 | $13.3B | Reduce -9.6% |
| MSFT Microsoft Corp. | 3.23% | 5,410,250 | $2.7B | Reduce -2.7% |
| AMZN Amazon.com Inc. | 3.10% | 11,788,442 | $2.6B | Add +23.3% |
| NVDA Nvidia Corp. | 2.50% | 13,227,790 | $2.1B | Add +120.6% |
| AAPL Apple Inc. | 2.46% | 9,991,647 | $2.0B | Reduce -14.4% |
| CRCL Circle Internet Group Inc. | 1.85% | 8,534,470 | $1.5B | New |
| AMD Advanced Micro Devices | 1.28% | 7,519,632 | $1.1B | Reduce -17.1% |
| GOOGL Alphabet Inc. Class A | 1.13% | 5,345,009 | $942.0M | Add +5.6% |
| META Meta Platforms Inc. Class A | 1.03% | 1,161,194 | $857.1M | Reduce -35.1% |
| BSX Boston Scientific Corp. | 0.97% | 7,497,657 | $805.3M | Reduce -5.7% |
| GOOG Alphabet Inc. Class C | 0.92% | 4,340,066 | $769.9M | Add +64.4% |
| LLY Eli Lilly & Co. | 0.87% | 931,733 | $726.3M | Add +122.1% |
| TSLA Tesla Inc. | 0.79% | 2,085,223 | $662.4M | Reduce -58.3% |
| RBLX Roblox Corp. Class A | 0.67% | 5,319,897 | $559.7M | Reduce -20.7% |
| PLTR Palantir Technologies Inc. Class A | 0.67% | 4,083,231 | $556.6M | Add +94.1% |
| CRH CRH PLC | 0.66% | 6,031,903 | $553.7M | Add +45.3% |
| EW Edwards Lifesciences Corp. | 0.65% | 6,895,579 | $539.3M | Add +127.5% |
| MELI MercadoLibre Inc. | 0.65% | 206,119 | $538.7M | Add +5.8% |
| COF Capital One Financial Corp. | 0.62% | 2,429,456 | $516.9M | Reduce -2.4% |
| CRM Salesforce Inc. | 0.60% | 1,829,004 | $498.8M | Reduce -5.1% |
| NFLX Netflix Inc. | 0.60% | 371,873 | $498.0M | Reduce -21.1% |
| RACE Ferrari NV | 0.57% | 977,314 | $477.7M | Reduce -13.4% |
| USB US Bancorp | 0.53% | 9,781,063 | $442.6M | Reduce -13.4% |
| DE Deere & Co. | 0.51% | 842,882 | $428.6M | Add +573.9% |
| TMUS T-Mobile US Inc. | 0.51% | 1,797,086 | $428.2M | Add +6220.6% |
| LMT Lockheed Martin Corp. | 0.51% | 914,291 | $423.4M | Reduce -2.6% |
| DASH DoorDash Inc. Class A | 0.48% | 1,633,612 | $402.7M | Reduce -47.1% |
| SFM Sprouts Farmers Market Inc. | 0.46% | 2,314,665 | $381.1M | Add +12.3% |
| UNH Unitedhealth Group Inc. | 0.43% | 1,153,809 | $360.0M | Add +23.9% |
| FISV Fiserv Inc. | 0.43% | 2,068,575 | $356.6M | New |
| TOST Toast Inc. Class A | 0.42% | 7,887,409 | $349.3M | Add +108.3% |
| AVGO Broadcom Inc. | 0.42% | 1,260,018 | $347.3M | Reduce -43.3% |
| WMT Walmart Inc. | 0.41% | 3,516,236 | $343.8M | Add +2171.5% |
| DXCM Dexcom Inc. | 0.40% | 3,822,085 | $333.6M | Add +260.7% |
| CAH Cardinal Health Inc. | 0.39% | 1,930,967 | $324.4M | Add +19.1% |
| COST Costco Wholesale Corp. | 0.38% | 323,491 | $320.2M | Reduce -40.8% |
| UBER Uber Technologies Inc. | 0.37% | 3,352,293 | $312.8M | Add +40.3% |
| ULTA Ulta Beauty Inc. | 0.37% | 654,598 | $306.2M | Add +9.4% |
| BA The Boeing Co. | 0.36% | 1,435,938 | $300.9M | Reduce -47.6% |
| IBKR Interactive Brokers Gro Class A | 0.36% | 5,415,370 | $300.1M | Add +13.3% |
| CAT Caterpillar Inc. | 0.35% | 761,800 | $295.7M | Add +425.2% |
| MS Morgan Stanley | 0.35% | 2,092,341 | $294.7M | Add +600.8% |
| OTIS Otis Worldwide Corp. | 0.34% | 2,844,524 | $281.7M | Add +5291.5% |
| SO The Southern Co. | 0.33% | 3,020,895 | $277.4M | Reduce -18.1% |
| TTWO Take-Two Interactive Softwre | 0.33% | 1,141,397 | $277.2M | Add +42.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.32% | 1,007,725 | $268.4M | Reduce -13.0% |
| PINS Pinterest Inc. Class A | 0.32% | 7,416,517 | $266.0M | Reduce -9.4% |
| GRAB Grab Holdings Ltd. Class A | 0.31% | 51,942,650 | $261.3M | Reduce -6.2% |
| INTC Intel Corp. | 0.31% | 11,654,926 | $261.1M | Add +11.7% |
| ADI Analog Devices Inc. | 0.31% | 1,085,990 | $258.5M | Add +508.0% |
| DLTR Dollar Tree Inc. | 0.31% | 2,593,468 | $256.9M | Reduce -23.4% |
| ABBV Abbvie Inc. | 0.31% | 1,379,335 | $256.0M | Add +470.5% |
| NTNX Nutanix Inc. Class A | 0.30% | 3,279,107 | $250.7M | Add +75.9% |
| MRK Merck & Co. Inc. | 0.30% | 3,144,500 | $248.9M | Add +41236.9% |
| JNJ Johnson & Johnson | 0.29% | 1,583,553 | $241.9M | Add +73.5% |
| T AT&T Inc. | 0.28% | 8,134,843 | $235.4M | New |
| MSI Motorola Solutions Inc. | 0.28% | 548,786 | $230.7M | New |
| CI The Cigna Group | 0.27% | 679,702 | $224.7M | New |
| SRE Sempra | 0.27% | 2,957,399 | $224.1M | Add +786.1% |
| CVX Chevron Corp. | 0.26% | 1,534,575 | $219.7M | Add +76.7% |
| EXR Extra Space Storage Inc. | 0.26% | 1,477,404 | $217.8M | Add +60.1% |
| GILD Gilead Sciences Inc. | 0.26% | 1,950,813 | $216.3M | Add +152.1% |
| F Ford Motor Co. filed as FORD MTR CO | 0.25% | 19,572,437 | $212.4M | Add +712.7% |
| FWONK Liberty Media Corp. Class C | 0.25% | 1,988,686 | $207.8M | Add +76.0% |
| ED Consolidated Edison Inc. | 0.24% | 2,015,433 | $202.2M | Reduce -1.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.24% | 14,691,671 | $201.6M | Add +106.3% |
| LIN Linde PLC | 0.24% | 426,150 | $199.9M | Add +20.1% |
| PODD Insulet Corp. | 0.24% | 628,568 | $197.5M | Add +4.0% |
| DG Dollar General Corp. | 0.24% | 1,725,483 | $197.4M | Reduce -46.1% |
| AEP American Electric Power | 0.24% | 1,890,177 | $196.1M | Reduce -11.3% |
| HAS Hasbro Inc. | 0.23% | 2,634,857 | $194.5M | Add +15.2% |
| CPNG Coupang Inc. | 0.23% | 6,360,239 | $190.6M | Add +115.9% |
| FCX Freeport-McMoran Inc. | 0.22% | 4,327,245 | $187.6M | Add +139.3% |
| PNC PNC Financial Services Group | 0.22% | 1,005,926 | $187.5M | Add +491.7% |
| HON Honeywell International Inc. | 0.22% | 802,060 | $186.8M | Add +88.1% |
| SCHW Schwab (charles) Corp. | 0.22% | 2,031,878 | $185.4M | Add +112.3% |
| GM General Motors Co. | 0.22% | 3,699,220 | $182.0M | Add +125.9% |
| FLUT Flutter Entertainment PLC-Di | 0.22% | 636,415 | $181.9M | Reduce -67.9% |
| SE Sea Ltd.-ADR | 0.22% | 1,132,702 | $181.2M | Reduce -65.7% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.22% | 2,222,968 | $179.6M | Add +39.1% |
| ANET Arista Networks Inc. | 0.22% | 1,755,549 | $179.6M | Reduce -51.5% |
| HD Home Depot Inc. | 0.22% | 489,547 | $179.5M | Add +252.3% |
| A Agilent Technologies Inc. | 0.21% | 1,511,123 | $178.3M | Add +2.9% |
| TEAM Atlassian Corp. Class A | 0.21% | 870,867 | $176.9M | Add +203.3% |
| JD Jd.com Inc.-ADR | 0.21% | 5,335,961 | $174.2M | Add +48.9% |
| NVS Novartis AG-Sponsored ADR | 0.21% | 1,431,814 | $173.3M | Reduce -0.1% |
| INTU Intuit Inc. | 0.21% | 217,921 | $171.6M | Reduce -76.0% |
| BROS Dutch Bros Inc. Class A | 0.21% | 2,509,767 | $171.6M | Add +139.2% |
| EMR Emerson Electric Co. | 0.21% | 1,286,755 | $171.6M | Add +74.4% |
| SMCI Super Micro Computer Inc. | 0.20% | 3,437,714 | $168.5M | Add +596.4% |
| DHR Danaher Corp. | 0.20% | 844,934 | $166.9M | Reduce -76.6% |
| TSCO Tractor Supply Company | 0.20% | 3,111,311 | $164.2M | Add +53.2% |
| GME Gamestop Corp. Class A | 0.19% | 6,657,678 | $162.4M | Add +347.7% |
| ROKU Roku Inc. | 0.19% | 1,786,927 | $157.1M | Reduce -16.1% |
| PAYX Paychex Inc. | 0.19% | 1,078,328 | $156.9M | Add +179.5% |
| DRI Darden Restaurants Inc. | 0.18% | 706,416 | $154.0M | Add +820.5% |
| ADP Automatic Data Processing | 0.18% | 498,333 | $153.7M | Add +130.4% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 371,630 | $150.7M | New |
| WM Waste Management Inc. | 0.18% | 657,575 | $150.5M | Add +60.7% |
| UNP Union Pacific Corp. | 0.18% | 641,620 | $147.6M | Add +146.8% |
Options reported separately and not counted above: SMH puts ($499.2M), GLD puts ($380.5M), UNH puts ($169.7M), AAPL puts ($156.9M), NKE puts ($144.8M), SMH calls ($144.7M), TSLA puts ($136.7M), QQQ calls ($105.0M), NVDA puts ($103.4M), XLI puts ($103.3M), IWM calls ($102.2M), AXP puts ($102.1M), and 142 more.
Other holdings (26): bonds, preferreds, convertibles and warrants · $666.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 115,000,000 | $108.6M | No change |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 37,500,000 | $43.3M | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 43,000,000 | $39.7M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 36,000,000 | $38.9M | Reduce -12.2% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 35,000,000 | $37.1M | Reduce -17.3% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 23,000,000 | $35.3M | No change |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 26,000,000 | $35.2M | Reduce -3.7% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 33,000,000 | $29.8M | Add +6.5% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 30,000,000 | $28.1M | Reduce -21.1% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 30,000,000 | $28.0M | No change |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 30,500,000 | $27.5M | Reduce -38.7% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 35,500,000 | $25.5M | Add +7.6% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 25,136,000 | $23.8M | No change |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 8,500,000 | $23.6M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 20,000,000 | $20.6M | Reduce -28.6% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 20,000,000 | $20.4M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 28,719,000 | $18.4M | Add +3.6% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 20,000,000 | $18.0M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 16,000,000 | $17.0M | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 16,000,000 | $14.5M | No change |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 13,000,000 | $12.3M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 14,000,000 | $12.1M | Add +27.3% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 100,000 | $3.8M | No change |
| TEMPUS AI INC | Convertible Debt · principal | 3,000,000 | $3.0M | New |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,500,000 | $1.5M | No change |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 6,500,000 | $574K | No change |
Total filed on the 13F, all lines: $84.1B.
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -9.6% | 15.94% | −2.00 |
| AAPL Apple Inc. | Reduce -14.4% | 2.46% | −1.04 |
| TSLA Tesla Inc. | Reduce -58.3% | 0.79% | −0.95 |
| DHR Danaher Corp. | Reduce -76.6% | 0.20% | −0.80 |
| V Visa Inc. Class A | Reduce -98.7% | 0.01% | −0.59 |
| INTU Intuit Inc. | Reduce -76.0% | 0.21% | −0.55 |
| PFE Pfizer Inc. | Reduce -96.8% | 0.01% | −0.47 |
| RTX RTX Corp. | Reduce -84.0% | 0.08% | −0.43 |
| FLUT Flutter Entertainment PLC-Di | Reduce -67.9% | 0.22% | −0.37 |
| SE Sea Ltd.-ADR | Reduce -65.7% | 0.22% | −0.36 |
| META Meta Platforms Inc. Class A | Reduce -35.1% | 1.03% | −0.36 |
| MCK McKesson Corp. | Reduce -96.8% | 0.01% | −0.34 |
| ZS Zscaler Inc. | Reduce -89.0% | 0.06% | −0.33 |
| COST Costco Wholesale Corp. | Reduce -40.8% | 0.38% | −0.31 |
| LPLA LPL Financial Holdings Inc. | Reduce -97.0% | 0.01% | −0.29 |
| DIS The Walt Disney Co. | Reduce -99.8% | 0.00% | −0.29 |
| DASH DoorDash Inc. Class A | Reduce -47.1% | 0.48% | −0.28 |
| HUBB Hubbell Inc. | Reduce -92.7% | 0.02% | −0.27 |
| BA The Boeing Co. | Reduce -47.6% | 0.36% | −0.27 |
| KMX Carmax Inc. | Reduce -75.3% | 0.06% | −0.26 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −0.26 |
| BABA Alibaba Group Holding-SP ADR | Reduce -92.7% | 0.01% | −0.24 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.23 |
| VZ Verizon Communications Inc. | Reduce -94.9% | 0.01% | −0.21 |
| NEM Newmont Corp. | Reduce -94.6% | 0.01% | −0.21 |
| NOW ServiceNow Inc. | Reduce -68.4% | 0.12% | −0.20 |
| ADBE Adobe Inc. | Reduce -73.0% | 0.06% | −0.20 |
| CVS CVS Health Corp. | Reduce -53.5% | 0.14% | −0.20 |
| ITW Illinois Tool Works | Reduce -78.8% | 0.05% | −0.20 |
| ADSK Autodesk Inc. | Reduce -87.1% | 0.03% | −0.19 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -96.4% | 0.01% | −0.19 |
| BX Blackstone Inc. | Reduce -64.2% | 0.09% | −0.18 |
| KDP Keurig Dr Pepper Inc. | Reduce -95.6% | 0.01% | −0.18 |
| DUOL Duolingo | Sold out | 0.00% | −0.18 |
| RDDT Reddit Inc. Class A | Reduce -66.9% | 0.13% | −0.17 |
| RMD Resmed Inc. | Reduce -97.7% | 0.00% | −0.16 |
| ANET Arista Networks Inc. | Reduce -51.5% | 0.22% | −0.16 |
| PYPL PayPal Holdings Inc. | Reduce -55.5% | 0.12% | −0.15 |
| ECL Ecolab Inc. | Reduce -80.9% | 0.03% | −0.15 |
| FRPT Freshpet Inc. | Reduce -83.2% | 0.02% | −0.14 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.14 |
| DG Dollar General Corp. | Reduce -46.1% | 0.24% | −0.14 |
| ALC Alcon Inc. | Reduce -67.2% | 0.05% | −0.14 |
| FERG Ferguson Enterprises Inc. | Reduce -72.2% | 0.07% | −0.14 |
| LHX L3HARRIS Technologies Inc. | Reduce -91.6% | 0.01% | −0.13 |
| MA Mastercard Inc. Class A | Reduce -51.7% | 0.10% | −0.13 |
| RL Ralph Lauren Corp. | Reduce -99.2% | 0.00% | −0.12 |
| SO The Southern Co. | Reduce -18.1% | 0.33% | −0.12 |
| COIN Coinbase Global Inc. Class A | Reduce -99.2% | 0.00% | −0.12 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.12 |
Portfolio Buys Q1 2025 → Q2 2025
| CRCL Circle Internet Group Inc. | New | 1.85% | +1.85 |
| NVDA Nvidia Corp. | Add +120.6% | 2.50% | +1.63 |
| AMZN Amazon.com Inc. | Add +23.3% | 3.10% | +0.65 |
| TMUS T-Mobile US Inc. | Add +6220.6% | 0.51% | +0.50 |
| DE Deere & Co. | Add +573.9% | 0.51% | +0.43 |
| PLTR Palantir Technologies Inc. Class A | Add +94.1% | 0.67% | +0.43 |
| FISV Fiserv Inc. | New | 0.43% | +0.43 |
| LLY Eli Lilly & Co. | Add +122.1% | 0.87% | +0.40 |
| WMT Walmart Inc. | Add +2171.5% | 0.41% | +0.39 |
| GOOG Alphabet Inc. Class C | Add +64.4% | 0.92% | +0.37 |
| EW Edwards Lifesciences Corp. | Add +127.5% | 0.65% | +0.35 |
| OTIS Otis Worldwide Corp. | Add +5291.5% | 0.34% | +0.33 |
| MS Morgan Stanley | Add +600.8% | 0.35% | +0.31 |
| DXCM Dexcom Inc. | Add +260.7% | 0.40% | +0.30 |
| MRK Merck & Co. Inc. | Add +41236.9% | 0.30% | +0.30 |
| CAT Caterpillar Inc. | Add +425.2% | 0.35% | +0.29 |
| T AT&T Inc. | New | 0.28% | +0.28 |
| MSI Motorola Solutions Inc. | New | 0.28% | +0.28 |
| CI The Cigna Group | New | 0.27% | +0.27 |
| ADI Analog Devices Inc. | Add +508.0% | 0.31% | +0.26 |
| TOST Toast Inc. Class A | Add +108.3% | 0.42% | +0.25 |
| ABBV Abbvie Inc. | Add +470.5% | 0.31% | +0.24 |
| SRE Sempra | Add +786.1% | 0.27% | +0.24 |
| F Ford Motor Co. | Add +712.7% | 0.25% | +0.22 |
| PNC PNC Financial Services Group | Add +491.7% | 0.22% | +0.18 |
| TMO Thermo Fisher Scientific Inc. | New | 0.18% | +0.18 |
| SMCI Super Micro Computer Inc. | Add +596.4% | 0.20% | +0.18 |
| CRH CRH PLC | Add +45.3% | 0.66% | +0.17 |
| DRI Darden Restaurants Inc. | Add +820.5% | 0.18% | +0.16 |
| KO The Coca-Cola Co. | Add +1044.8% | 0.17% | +0.16 |
| CTVA Corteva Inc. | Add +1365.9% | 0.16% | +0.15 |
| ORCL Oracle Corp. | Add +559.2% | 0.17% | +0.15 |
| GME Gamestop Corp. Class A | Add +347.7% | 0.19% | +0.15 |
| REGN Regeneron Pharmaceuticals | Add +17036.4% | 0.15% | +0.15 |
| HD Home Depot Inc. | Add +252.3% | 0.22% | +0.15 |
| MNST Monster Beverage Corp. | Add +1126.9% | 0.16% | +0.15 |
| CNK Cinemark Holdings Inc. | Add +758.9% | 0.16% | +0.15 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +106.3% | 0.24% | +0.14 |
| GILD Gilead Sciences Inc. | Add +152.1% | 0.26% | +0.14 |
| APH Amphenol Corp. Class A | New | 0.14% | +0.14 |
| ELF Elf Beauty Inc. | New | 0.14% | +0.14 |
| CPNG Coupang Inc. | Add +115.9% | 0.23% | +0.14 |
| UBER Uber Technologies Inc. | Add +40.3% | 0.37% | +0.14 |
| CMG Chipotle Mexican Grill Inc. | Add +2669.1% | 0.14% | +0.14 |
| LOAR Loar Holdings Inc. | Add +2104.8% | 0.14% | +0.14 |
| MELI MercadoLibre Inc. | Add +5.8% | 0.65% | +0.13 |
| ROK Rockwell Automation Inc. | Add +294.5% | 0.17% | +0.13 |
| FCX Freeport-McMoran Inc. | Add +139.3% | 0.22% | +0.13 |
| TEAM Atlassian Corp. Class A | Add +203.3% | 0.21% | +0.13 |
| C Citigroup Inc. | Add +6256.5% | 0.13% | +0.13 |
Options Activity Q1 2025 → Q2 2025
| SMH Vaneck Semiconductor ETF | put | Add +98.8% | 1,789,900 | $499.2M |
| GLD SPDR Gold Shares | put | Reduce -32.1% | 1,248,300 | $380.5M |
| UNH Unitedhealth Group Inc. | put | Add +5451.0% | 544,000 | $169.7M |
| AAPL Apple Inc. | put | New | 764,800 | $156.9M |
| NKE Nike Inc. Class B | put | Add +4035.3% | 2,038,700 | $144.8M |
| SMH Vaneck Semiconductor ETF | call | Add +16.4% | 518,800 | $144.7M |
| TSLA Tesla Inc. | put | Add +24.0% | 430,200 | $136.7M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -70.2% | 190,300 | $105.0M |
| NVDA Nvidia Corp. | put | Add +126.0% | 654,400 | $103.4M |
| XLI SS Industrial Select Sector | put | New | 700,000 | $103.3M |
| IWM iShares Russell 2000 ETF | call | Reduce -37.1% | 473,700 | $102.2M |
| AXP American Express Co. | put | New | 320,000 | $102.1M |
| EFA iShares MSCI Eafe ETF | put | Add +889.7% | 1,141,100 | $102.0M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +23.1% | 162,300 | $89.5M |
| GDX Vaneck Gold Miners ETF | put | Add +50.5% | 1,679,900 | $87.5M |
| MSTR Strategy Inc. | put | Sold out | 300,000 | $86.5Mbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -33.8% | 135,000 | $83.4M |
| NFLX Netflix Inc. | put | Add +365.9% | 61,500 | $82.4M |
| XLV SS Health Care Select Sector | put | Reduce -47.8% | 600,000 | $80.9M |
| EFA iShares MSCI Eafe ETF | call | Add +81.9% | 871,200 | $77.9M |
| CRWD CrowdStrike Holdings Inc. Class A | put | Add +43.4% | 135,900 | $69.2M |
| SOXX iShares Semiconductor ETF | put | Add +32.6% | 267,200 | $63.8M |
| SOXX iShares Semiconductor ETF | call | Add +7.3% | 265,500 | $63.4M |
| IWM iShares Russell 2000 ETF | put | Reduce -15.2% | 268,300 | $57.9M |
| GS Goldman Sachs Group Inc. | put | New | 80,100 | $56.7M |
| COIN Coinbase Global Inc. Class A | put | Add +382.6% | 150,100 | $52.6M |
| BKNG Booking Holdings Inc. | put | Add +2800.0% | 8,700 | $50.4M |
| MCO Moody's Corp. | put | Sold out | 100,000 | $46.6Mbefore exit |
| FXI iShares China Large-Cap ETF | put | Add +87.7% | 1,265,800 | $46.5M |
| HOOD Robinhood Markets Inc. Class A | put | New | 496,300 | $46.5M |
| ORCL Oracle Corp. | put | Add +6044.1% | 208,900 | $45.7M |
| EEM iShares MSCI Emerging Market | call | Add +1630.5% | 925,800 | $44.7M |
| DIA SS SPDR Dow Jones Indus Avg | call | Sold out | 104,300 | $43.8Mbefore exit |
| ADBE Adobe Inc. | put | Add +15257.1% | 107,500 | $41.6M |
| GDXJ Vaneck Junior Gold Miners | put | Add +57.5% | 596,700 | $40.3M |
| WMT Walmart Inc. | put | New | 407,200 | $39.8M |
| CME Cme Group Inc. | put | Sold out | 150,000 | $39.8Mbefore exit |
| LLY Eli Lilly & Co. | put | Add +156.3% | 51,000 | $39.8M |
| TGT Target Corp. | put | New | 368,300 | $36.3M |
| WFC Wells Fargo & Co. | put | New | 450,000 | $36.1M |
| SYK Stryker Corp. | put | Sold out | 95,000 | $35.4Mbefore exit |
| UPS United Parcel Service Class B | put | New | 350,000 | $35.3M |
| NVDA Nvidia Corp. | call | Add +714.6% | 212,600 | $33.6M |
| AVGO Broadcom Inc. | put | Add +292.8% | 119,400 | $32.9M |
| XLE SS Energy Select Sector | put | Add +1349.4% | 381,200 | $32.3M |
| CI The Cigna Group | put | New | 97,600 | $32.3M |
| VST Vistra Corp. | put | Sold out | 268,900 | $31.6Mbefore exit |
| CSCO Cisco Systems Inc. | put | Sold out | 500,000 | $30.9Mbefore exit |
| TMO Thermo Fisher Scientific Inc. | put | New | 75,000 | $30.4M |
| TLT iShares 20+ Year Treasury BD | put | Add +80.0% | 340,500 | $30.0M |
Showing the first 50 of 198.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 37,500,000 | $43.3M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Reduce -12.2% | 36,000,000 | $38.9M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -17.3% | 35,000,000 | $37.1M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Reduce -3.7% | 26,000,000 | $35.2M |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Sold out | 35,000,000 | $34.1Mbefore exit |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +6.5% | 33,000,000 | $29.8M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -21.1% | 30,000,000 | $28.1M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Reduce -38.7% | 30,500,000 | $27.5M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 21,500,000 | $26.0Mbefore exit |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +7.6% | 35,500,000 | $25.5M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -28.6% | 20,000,000 | $20.6M |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | Add +3.6% | 28,719,000 | $18.4M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Sold out | 12,000,000 | $12.2Mbefore exit |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +27.3% | 14,000,000 | $12.1M |
| MORGAN STANLEY (MS 4.25 PERP O) | Common Stock | Sold out | 200,000 | $3.6Mbefore exit |
| TEMPUS AI INC | Convertible Debt · principal | New | 3,000,000 | $3.0M |
| WELLS FARGO & COMPANY (WFC 4.75 PERP Z) | Common Stock | Sold out | 103,484 | $2.1Mbefore exit |
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 | 2,691 | $117.7B | IVV, SPYM, AAPL, AMZN, AMD |
| Q1 2026 | 2,653 | $92.7B | IVV, SPYM, NVDA, AAPL, AMZN |
| Q4 2025 | 2,491 | $103.0B | IVV, VOO, AMZN, NVDA, MSFT |
| Q3 2025 | 2,421 | $90.3B | IVV, MSFT, AAPL, AMZN, NVDA |
| Q2 2025 | 2,454 | $83.4B | IVV, MSFT, AMZN, NVDA, AAPL |
| Q1 2025 | 2,399 | $74.2B | IVV, AAPL, MSFT, AMZN, TSLA |
| Q4 2024 | 2,297 | $78.9B | IVV, AAPL, MSFT, AMZN, NVDA |
| Q3 2024 | 2,213 | $76.3B | IVV, MSFT, AMZN, AAPL, META |
| Q2 2024 | 2,219 | $70.0B | IVV, AMZN, MSFT, AAPL, NVDA |
| Q1 2024 | 2,048 | $59.8B | IVV, AMZN, MSFT, GOOGL, AAPL |