Marshall Wace, LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Marshall Wace, LLP reported 2,421 stock positions worth $90.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 20.4% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Apple (AAPL, 3.0%). Compared with Q2 2025, it opened 628 new positions, sold out of 663, added to 870 and reduced 901. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +28%) and the biggest sale Eli Lilly (LLY, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001318757
- Portfolio Value
- $90.3B (Q3 2025)
- SEC Filing
- 0001318757-25-000046 ↗ filed Nov 13, 2025
Holdings Value
Holdings 2,421 stocks · $90.3B
| IVV iShares Core S&P 500 ETF | 20.40% | 27,524,315 | $18.4B | Add +28.5% |
| MSFT Microsoft Corp. | 3.73% | 6,501,115 | $3.4B | Add +20.2% |
| AAPL Apple Inc. | 3.05% | 10,813,733 | $2.8B | Add +8.2% |
| AMZN Amazon.com Inc. | 2.58% | 10,605,929 | $2.3B | Reduce -10.0% |
| NVDA Nvidia Corp. | 2.55% | 12,364,716 | $2.3B | Reduce -6.5% |
| META Meta Platforms Inc. Class A | 1.23% | 1,511,497 | $1.1B | Add +30.2% |
| CRCL Circle Internet Group Inc. | 1.18% | 8,059,524 | $1.1B | Reduce -5.6% |
| BSX Boston Scientific Corp. | 1.06% | 9,799,040 | $956.7M | Add +30.7% |
| NFLX Netflix Inc. | 0.99% | 742,046 | $889.7M | Add +99.5% |
| AMD Advanced Micro Devices | 0.91% | 5,073,542 | $820.8M | Reduce -32.5% |
| TSLA Tesla Inc. | 0.90% | 1,823,830 | $811.1M | Reduce -12.5% |
| WMT Walmart Inc. | 0.87% | 7,616,224 | $784.9M | Add +116.6% |
| JNJ Johnson & Johnson | 0.74% | 3,584,162 | $664.6M | Add +126.3% |
| COR Cencora Inc. | 0.69% | 1,995,118 | $623.5M | Add +518.9% |
| BA The Boeing Co. | 0.63% | 2,649,372 | $571.8M | Add +84.5% |
| GOOGL Alphabet Inc. Class A | 0.62% | 2,310,015 | $561.6M | Reduce -56.8% |
| DASH DoorDash Inc. Class A | 0.61% | 2,025,660 | $551.0M | Add +24.0% |
| AVGO Broadcom Inc. | 0.59% | 1,625,410 | $536.2M | Add +29.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 9,603,070 | $495.4M | Add +712.4% |
| RBLX Roblox Corp. Class A | 0.53% | 3,434,790 | $475.8M | Reduce -35.4% |
| GOOG Alphabet Inc. Class C | 0.53% | 1,952,660 | $475.6M | Reduce -55.0% |
| USB US Bancorp | 0.52% | 9,675,802 | $467.6M | Reduce -1.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.52% | 29,141,505 | $466.6M | Add +98.3% |
| MS Morgan Stanley | 0.52% | 2,933,604 | $466.3M | Add +40.2% |
| COF Capital One Financial Corp. | 0.52% | 2,188,994 | $465.3M | Reduce -9.9% |
| CPNG Coupang Inc. | 0.49% | 13,751,626 | $442.8M | Add +116.2% |
| F Ford Motor Co. filed as FORD MTR CO | 0.47% | 35,438,722 | $423.8M | Add +81.1% |
| PLTR Palantir Technologies Inc. Class A | 0.44% | 2,159,155 | $393.9M | Reduce -47.1% |
| HON Honeywell International Inc. | 0.43% | 1,845,032 | $388.4M | Add +130.0% |
| SE Sea Ltd.-ADR | 0.39% | 1,964,858 | $351.2M | Add +73.5% |
| PANW Palo Alto Networks Inc. | 0.39% | 1,713,968 | $349.0M | Add +20304.4% |
| FLUT Flutter Entertainment PLC-Di | 0.38% | 1,354,073 | $343.9M | Add +112.8% |
| AFRM Affirm Holdings Inc. | 0.36% | 4,466,524 | $326.4M | Add +203.2% |
| RACE Ferrari NV | 0.35% | 654,866 | $316.8M | Reduce -33.0% |
| PDD PDD Holdings Inc. | 0.34% | 2,354,164 | $311.1M | Add +68.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.34% | 1,079,641 | $304.6M | New |
| CVX Chevron Corp. | 0.33% | 1,911,425 | $296.8M | Add +24.6% |
| MO Altria Group Inc. | 0.33% | 4,479,699 | $295.9M | Add +286.7% |
| ABBV Abbvie Inc. | 0.33% | 1,277,167 | $295.7M | Reduce -7.4% |
| FWONK Liberty Media Corp. Class C | 0.33% | 2,819,914 | $294.5M | Add +41.8% |
| CRH CRH PLC | 0.32% | 2,441,919 | $292.8M | Reduce -59.5% |
| GRAB Grab Holdings Ltd. Class A | 0.32% | 48,562,289 | $292.3M | Reduce -6.5% |
| TMUS T-Mobile US Inc. | 0.32% | 1,215,804 | $291.0M | Reduce -32.4% |
| INTC Intel Corp. | 0.32% | 8,578,100 | $287.8M | Reduce -26.4% |
| TXN Texas Instruments Inc. | 0.31% | 1,537,539 | $282.5M | New |
| OTIS Otis Worldwide Corp. | 0.31% | 3,068,281 | $280.5M | Add +7.9% |
| EW Edwards Lifesciences Corp. | 0.31% | 3,566,499 | $277.4M | Reduce -48.3% |
| ROST Ross Stores Inc. | 0.31% | 1,816,763 | $276.9M | Add +1908.8% |
| CVS CVS Health Corp. | 0.31% | 3,664,700 | $276.3M | Add +111.3% |
| MELI MercadoLibre Inc. | 0.30% | 115,296 | $269.4M | Reduce -44.1% |
| HLT Hilton Worldwide Holdings Inc. | 0.29% | 1,025,990 | $266.2M | Add +1.8% |
| MCD McDonald's Corp. | 0.28% | 827,547 | $251.5M | New |
| ULTA Ulta Beauty Inc. | 0.28% | 454,206 | $248.3M | Reduce -30.6% |
| TTWO Take-Two Interactive Softwre | 0.27% | 959,261 | $247.8M | Reduce -16.0% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 505,463 | $245.2M | Add +36.0% |
| AEP American Electric Power | 0.27% | 2,177,718 | $245.0M | Add +15.2% |
| IBKR Interactive Brokers Gro Class A | 0.27% | 3,484,551 | $239.8M | Reduce -35.6% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.26% | 508,371 | $231.8M | Add +113.1% |
| CRM Salesforce Inc. | 0.25% | 958,317 | $227.1M | Reduce -47.6% |
| MNST Monster Beverage Corp. | 0.25% | 3,365,224 | $226.5M | Add +58.6% |
| REGN Regeneron Pharmaceuticals | 0.24% | 386,884 | $217.5M | Add +61.3% |
| PINS Pinterest Inc. Class A | 0.24% | 6,601,235 | $212.4M | Reduce -11.0% |
| GILD Gilead Sciences Inc. | 0.23% | 1,901,480 | $211.1M | Reduce -2.5% |
| TSCO Tractor Supply Company | 0.23% | 3,710,290 | $211.0M | Add +19.3% |
| XOM Exxon Mobil Corp. | 0.23% | 1,871,207 | $211.0M | Add +95662.9% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.23% | 2,371,979 | $209.0M | Add +6.7% |
| SW Smurfit Westrock PLC | 0.23% | 4,882,947 | $207.9M | Add +58.1% |
| DG Dollar General Corp. | 0.23% | 1,977,202 | $204.3M | Add +14.6% |
| A Agilent Technologies Inc. | 0.23% | 1,591,891 | $204.3M | Add +5.3% |
| RDDT Reddit Inc. Class A | 0.22% | 869,821 | $200.1M | Add +23.8% |
| SO The Southern Co. | 0.22% | 2,050,726 | $194.3M | Reduce -32.1% |
| SYY Sysco Corp. | 0.22% | 2,359,471 | $194.3M | Add +102.6% |
| TEAM Atlassian Corp. Class A | 0.22% | 1,216,261 | $194.2M | Add +39.7% |
| TOST Toast Inc. Class A | 0.21% | 5,093,785 | $186.0M | Reduce -35.4% |
| SFM Sprouts Farmers Market Inc. | 0.20% | 1,690,546 | $183.9M | Reduce -27.0% |
| FOX Fox Corp. Class B | 0.20% | 3,184,642 | $182.4M | Add +792.4% |
| LH Labcorp Holdings Inc. | 0.20% | 623,550 | $179.0M | Add +79.1% |
| FIVE Five Below | 0.20% | 1,154,259 | $178.6M | Add +11.0% |
| PFE Pfizer Inc. | 0.20% | 6,979,302 | $177.8M | Add +1458.2% |
| ORCL Oracle Corp. | 0.20% | 630,274 | $177.3M | Reduce -2.6% |
| ISRG Intuitive Surgical Inc. | 0.20% | 395,774 | $177.0M | Add +171.2% |
| URI United Rentals Inc. | 0.20% | 184,541 | $176.2M | Add +22.8% |
| NOW ServiceNow Inc. | 0.19% | 191,031 | $175.8M | Add +104.3% |
| UBER Uber Technologies Inc. | 0.19% | 1,757,266 | $172.2M | Reduce -47.6% |
| CRDO Credo Technology Group Holdi | 0.19% | 1,150,000 | $167.5M | Add +2537.7% |
| FISV Fiserv Inc. | 0.18% | 1,282,937 | $165.4M | Reduce -38.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 321,383 | $161.6M | Add +36.7% |
| SCHW Schwab (charles) Corp. | 0.17% | 1,588,423 | $151.6M | Reduce -21.8% |
| FE Firstenergy Corp. | 0.17% | 3,275,409 | $150.1M | Add +128.5% |
| NVS Novartis AG-Sponsored ADR | 0.17% | 1,168,757 | $149.9M | Reduce -18.4% |
| HD Home Depot Inc. | 0.17% | 369,221 | $149.6M | Reduce -24.6% |
| XYZ Block Inc. | 0.16% | 2,038,266 | $147.3M | Add +34.8% |
| ARES Ares Management Corp. Class A | 0.16% | 912,656 | $145.9M | Add +487.4% |
| GME Gamestop Corp. Class A | 0.16% | 5,261,157 | $143.5M | Reduce -21.0% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.16% | 822,864 | $143.1M | Add +699.5% |
| EXR Extra Space Storage Inc. | 0.16% | 1,010,699 | $142.4M | Reduce -31.6% |
| ED Consolidated Edison Inc. | 0.16% | 1,416,678 | $142.4M | Reduce -29.7% |
| ROKU Roku Inc. | 0.16% | 1,409,334 | $141.1M | Reduce -21.1% |
| BROS Dutch Bros Inc. Class A | 0.16% | 2,690,760 | $140.8M | Add +7.2% |
| AMRZ Amrize Ltd. | 0.15% | 2,889,660 | $139.4M | Add +865.4% |
Options reported separately and not counted above: SMH puts ($645.4M), NKE puts ($297.3M), COIN puts ($261.6M), SPY puts ($260.3M), AXP puts ($174.8M), XLV puts ($165.1M), ADBE puts ($161.1M), GDX puts ($160.3M), NVDA puts ($159.4M), SPY calls ($152.1M), QQQ puts ($148.5M), XLF puts ($146.9M), and 373 more.
Other holdings (28): bonds, preferreds, convertibles and warrants · $716.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 115,500,000 | $111.1M | Add +0.4% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 43,000,000 | $45.8M | Add +21.1% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 49,000,000 | $45.1M | Add +48.5% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 46,000,000 | $43.0M | Add +7.0% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 36,000,000 | $41.2M | No change |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 32,500,000 | $39.9M | Reduce -13.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 35,000,000 | $37.5M | No change |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 31,000,000 | $32.1M | New |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 32,000,000 | $31.2M | Add +27.3% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 28,719,000 | $30.2M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 18,000,000 | $29.2M | Reduce -21.7% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 30,000,000 | $28.5M | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 29,000,000 | $27.4M | Reduce -3.3% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 28,500,000 | $26.5M | Reduce -6.6% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 20,000,000 | $20.8M | No change |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 8,500,000 | $19.1M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 20,000,000 | $18.2M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 16,000,000 | $17.5M | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 15,000,000 | $16.2M | Reduce -25.0% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 7,500,000 | $15.6M | Reduce -71.2% |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 13,000,000 | $12.6M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 11,000,000 | $9.8M | Reduce -21.4% |
| XCEL ENERGY INC (XEL 6.25 10/15/85) | Common Stock | 200,000 | $5.0M | New |
| RITHM CAPITAL CORP (RITM 8.75 PERP E) | PUBLIC | 177,850 | $4.4M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 100,000 | $3.9M | No change |
| WESBANCO INC (WSBC V7.375 PERP B) | PREFERRED STOCK | 70,000 | $1.8M | 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 | $1.3M | No change |
Total filed on the 13F, all lines: $91.0B.
Portfolio Sells Q2 2025 → Q3 2025
| LLY Eli Lilly & Co. | Reduce -82.5% | 0.14% | −0.73 |
| CRCL Circle Internet Group Inc. | Reduce -5.6% | 1.18% | −0.67 |
| AMZN Amazon.com Inc. | Reduce -10.0% | 2.58% | −0.52 |
| GOOGL Alphabet Inc. Class A | Reduce -56.8% | 0.62% | −0.51 |
| DE Deere & Co. | Reduce -85.9% | 0.06% | −0.45 |
| LMT Lockheed Martin Corp. | Reduce -89.0% | 0.06% | −0.45 |
| GOOG Alphabet Inc. Class C | Reduce -55.0% | 0.53% | −0.40 |
| CAH Cardinal Health Inc. | Reduce -96.5% | 0.01% | −0.38 |
| AMD Advanced Micro Devices | Reduce -32.5% | 0.91% | −0.37 |
| UNH Unitedhealth Group Inc. | Reduce -81.0% | 0.08% | −0.35 |
| MELI MercadoLibre Inc. | Reduce -44.1% | 0.30% | −0.35 |
| CRM Salesforce Inc. | Reduce -47.6% | 0.25% | −0.35 |
| CRH CRH PLC | Reduce -59.5% | 0.32% | −0.34 |
| EW Edwards Lifesciences Corp. | Reduce -48.3% | 0.31% | −0.34 |
| CAT Caterpillar Inc. | Reduce -94.3% | 0.02% | −0.33 |
| COST Costco Wholesale Corp. | Reduce -71.9% | 0.09% | −0.29 |
| T AT&T Inc. | Sold out | 0.00% | −0.28 |
| DXCM Dexcom Inc. | Reduce -55.3% | 0.13% | −0.27 |
| DLTR Dollar Tree Inc. | Reduce -82.7% | 0.05% | −0.26 |
| SFM Sprouts Farmers Market Inc. | Reduce -27.0% | 0.20% | −0.25 |
| NTNX Nutanix Inc. Class A | Reduce -80.8% | 0.05% | −0.25 |
| FISV Fiserv Inc. | Reduce -38.0% | 0.18% | −0.24 |
| CI The Cigna Group | Reduce -86.4% | 0.03% | −0.24 |
| PLTR Palantir Technologies Inc. Class A | Reduce -47.1% | 0.44% | −0.23 |
| ADI Analog Devices Inc. | Reduce -73.1% | 0.08% | −0.23 |
| RACE Ferrari NV | Reduce -33.0% | 0.35% | −0.22 |
| FCX Freeport-McMoran Inc. | Reduce -95.5% | 0.01% | −0.22 |
| MRK Merck & Co. Inc. | Reduce -71.9% | 0.08% | −0.22 |
| TOST Toast Inc. Class A | Reduce -35.4% | 0.21% | −0.21 |
| EMR Emerson Electric Co. | Reduce -99.8% | 0.00% | −0.21 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.20 |
| GM General Motors Co. | Reduce -89.6% | 0.03% | −0.19 |
| TMUS T-Mobile US Inc. | Reduce -32.4% | 0.32% | −0.19 |
| LIN Linde PLC | Reduce -77.4% | 0.05% | −0.19 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.18 |
| UBER Uber Technologies Inc. | Reduce -47.6% | 0.19% | −0.18 |
| PNC PNC Financial Services Group | Reduce -81.7% | 0.04% | −0.18 |
| SRE Sempra | Reduce -67.8% | 0.09% | −0.17 |
| INTU Intuit Inc. | Reduce -77.2% | 0.04% | −0.17 |
| HAS Hasbro Inc. | Reduce -69.0% | 0.07% | −0.16 |
| ANET Arista Networks Inc. | Reduce -80.4% | 0.06% | −0.16 |
| CTVA Corteva Inc. | Reduce -98.2% | 0.00% | −0.16 |
| WM Waste Management Inc. | Reduce -82.6% | 0.03% | −0.15 |
| PAYX Paychex Inc. | Reduce -76.3% | 0.04% | −0.15 |
| JD Jd.com Inc.-ADR | Reduce -70.7% | 0.06% | −0.15 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.15 |
| RBLX Roblox Corp. Class A | Reduce -35.4% | 0.53% | −0.14 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.14 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.14 |
| ROK Rockwell Automation Inc. | Reduce -82.5% | 0.03% | −0.14 |
Portfolio Buys Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Add +28.5% | 20.40% | +4.46 |
| AAPL Apple Inc. | Add +8.2% | 3.05% | +0.59 |
| COR Cencora Inc. | Add +518.9% | 0.69% | +0.57 |
| MSFT Microsoft Corp. | Add +20.2% | 3.73% | +0.50 |
| BAC Bank of America Corp. | Add +712.4% | 0.55% | +0.48 |
| WMT Walmart Inc. | Add +116.6% | 0.87% | +0.46 |
| JNJ Johnson & Johnson | Add +126.3% | 0.74% | +0.45 |
| NFLX Netflix Inc. | Add +99.5% | 0.99% | +0.39 |
| PANW Palo Alto Networks Inc. | Add +20304.4% | 0.39% | +0.38 |
| IBM Intl Business Machines Corp. | New | 0.34% | +0.34 |
| TXN Texas Instruments Inc. | New | 0.31% | +0.31 |
| ROST Ross Stores Inc. | Add +1908.8% | 0.31% | +0.29 |
| MCD McDonald's Corp. | New | 0.28% | +0.28 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +98.3% | 0.52% | +0.28 |
| BA The Boeing Co. | Add +84.5% | 0.63% | +0.27 |
| CPNG Coupang Inc. | Add +116.2% | 0.49% | +0.26 |
| MO Altria Group Inc. | Add +286.7% | 0.33% | +0.25 |
| AFRM Affirm Holdings Inc. | Add +203.2% | 0.36% | +0.24 |
| XOM Exxon Mobil Corp. | Add +95662.9% | 0.23% | +0.23 |
| F Ford Motor Co. | Add +81.1% | 0.47% | +0.21 |
| HON Honeywell International Inc. | Add +130.0% | 0.43% | +0.21 |
| META Meta Platforms Inc. Class A | Add +30.2% | 1.23% | +0.20 |
| PFE Pfizer Inc. | Add +1458.2% | 0.20% | +0.18 |
| CRDO Credo Technology Group Holdi | Add +2537.7% | 0.19% | +0.18 |
| FOX Fox Corp. Class B | Add +792.4% | 0.20% | +0.18 |
| AVGO Broadcom Inc. | Add +29.0% | 0.59% | +0.18 |
| SE Sea Ltd.-ADR | Add +73.5% | 0.39% | +0.17 |
| PDD PDD Holdings Inc. | Add +68.0% | 0.34% | +0.17 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +113.1% | 0.26% | +0.16 |
| MS Morgan Stanley | Add +40.2% | 0.52% | +0.16 |
| FLUT Flutter Entertainment PLC-Di | Add +112.8% | 0.38% | +0.16 |
| CVS CVS Health Corp. | Add +111.3% | 0.31% | +0.16 |
| TJX TJX Companies Inc. | Add +3425.3% | 0.15% | +0.15 |
| FUTU Futu Holdings Ltd.-ADR | Add +699.5% | 0.16% | +0.14 |
| STZ Constellation Brands Inc. Class A | Add +1511.2% | 0.15% | +0.14 |
| AMRZ Amrize Ltd. | Add +865.4% | 0.15% | +0.14 |
| MPWR Monolithic Power Systems Inc. | New | 0.13% | +0.13 |
| ARES Ares Management Corp. Class A | Add +487.4% | 0.16% | +0.13 |
| DASH DoorDash Inc. Class A | Add +24.0% | 0.61% | +0.13 |
| XLY SS Consumer Disc Select Sect | New | 0.12% | +0.12 |
| VRT Vertiv Holdings Co. Class A | New | 0.12% | +0.12 |
| CRWV Coreweave Inc. Class A | New | 0.12% | +0.12 |
| CBOE Cboe Global Markets Inc. | New | 0.12% | +0.12 |
| FITB Fifth Third Bancorp | Add +1854.5% | 0.12% | +0.12 |
| KMB Kimberly-Clark Corp. | Add +331.6% | 0.15% | +0.11 |
| BIIB Biogen Inc. | Add +434.9% | 0.14% | +0.11 |
| XPEV Xpeng Inc. - ADR | Add +244.3% | 0.15% | +0.11 |
| WBD Warner Bros Discovery Inc. | New | 0.11% | +0.11 |
| SKY Champion Homes Inc. | Add +1149.3% | 0.12% | +0.11 |
| EWW iShares MSCI Mexico ETF | Add +55976.0% | 0.11% | +0.11 |
Options Activity Q2 2025 → Q3 2025
| SMH Vaneck Semiconductor ETF | put | Add +10.5% | 1,977,700 | $645.4M |
| NKE Nike Inc. Class B | put | Add +109.1% | 4,263,200 | $297.3M |
| COIN Coinbase Global Inc. Class A | put | Add +416.3% | 775,000 | $261.6M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +5326.4% | 390,700 | $260.3M |
| AXP American Express Co. | put | Add +64.5% | 526,400 | $174.8M |
| XLV SS Health Care Select Sector | put | Add +97.8% | 1,186,600 | $165.1M |
| ADBE Adobe Inc. | put | Add +324.9% | 456,800 | $161.1M |
| GDX Vaneck Gold Miners ETF | put | Add +24.9% | 2,098,700 | $160.3M |
| NVDA Nvidia Corp. | put | Add +30.6% | 854,300 | $159.4M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +69.1% | 228,300 | $152.1M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +52.4% | 247,400 | $148.5M |
| XLF SS Financial Select Sector | put | Add +1026.8% | 2,726,900 | $146.9M |
| SMH Vaneck Semiconductor ETF | call | Reduce -14.7% | 442,500 | $144.4M |
| UNH Unitedhealth Group Inc. | put | Reduce -27.6% | 393,900 | $136.0M |
| WFC Wells Fargo & Co. | put | Add +255.6% | 1,600,000 | $134.1M |
| UBER Uber Technologies Inc. | put | New | 1,328,800 | $130.2M |
| BKNG Booking Holdings Inc. | put | Add +172.4% | 23,700 | $128.0M |
| TGT Target Corp. | put | Add +279.1% | 1,396,300 | $125.2M |
| KRE SS SPDR S&P Regional Bank | put | Add +1162.1% | 1,943,600 | $123.0M |
| MSTR Strategy Inc. | put | New | 334,900 | $107.9M |
| PYPL PayPal Holdings Inc. | put | Add +2148.1% | 1,573,700 | $105.5M |
| LRCX Lam Research Corp. | put | New | 778,500 | $104.2M |
| SOXX iShares Semiconductor ETF | put | Add +30.2% | 347,800 | $94.3M |
| ISRG Intuitive Surgical Inc. | put | New | 210,200 | $94.0M |
| AAPL Apple Inc. | put | Reduce -53.1% | 358,700 | $91.3M |
| GLD SPDR Gold Shares | put | Reduce -80.0% | 249,800 | $88.8M |
| GDXJ Vaneck Junior Gold Miners | put | Add +50.2% | 896,400 | $88.8M |
| PEP Pepsico Inc. | put | Add +343.1% | 623,900 | $87.6M |
| COST Costco Wholesale Corp. | put | Add +659.7% | 90,400 | $83.7M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -28.4% | 136,300 | $81.8M |
| DHR Danaher Corp. | put | New | 400,000 | $79.3M |
| CI The Cigna Group | put | Add +180.6% | 273,900 | $79.0M |
| LULU Lululemon Athletica Inc. | put | Add +420.2% | 435,900 | $77.6M |
| LLY Eli Lilly & Co. | put | Add +91.8% | 97,800 | $74.6M |
| AMAT Applied Materials Inc. | put | Add +200.0% | 360,000 | $73.7M |
| DIS The Walt Disney Co. | put | Add +1300.2% | 627,300 | $71.8M |
| CNC Centene Corp. | put | New | 1,813,500 | $64.7M |
| ELV Elevance Health Inc. | put | New | 198,900 | $64.3M |
| SLV iShares Silver Trust | call | Add +8374.0% | 1,499,900 | $63.6M |
| MU Micron Technology Inc. | put | Add +67.6% | 359,600 | $60.2M |
| ABNB Airbnb Inc. Class A | put | New | 470,000 | $57.1M |
| SLV iShares Silver Trust | put | Add +1607.6% | 1,343,900 | $56.9M |
| IWM iShares Russell 2000 ETF | put | Reduce -12.4% | 234,900 | $56.8M |
| IWM iShares Russell 2000 ETF | call | Reduce -52.0% | 227,200 | $55.0M |
| GLD SPDR Gold Shares | call | Add +78.7% | 147,600 | $52.5M |
| EFA iShares MSCI Eafe ETF | call | Reduce -40.1% | 521,400 | $48.7M |
| HOOD Robinhood Markets Inc. Class A | put | Reduce -31.7% | 339,100 | $48.6M |
| FTNT Fortinet Inc. | put | New | 559,100 | $47.0M |
| MRK Merck & Co. Inc. | put | Add +208.4% | 518,200 | $43.5M |
| GDX Vaneck Gold Miners ETF | call | New | 561,200 | $42.9M |
Showing the first 50 of 417.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +0.4% | 115,500,000 | $111.1M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +21.1% | 43,000,000 | $45.8M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +48.5% | 49,000,000 | $45.1M |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Add +7.0% | 46,000,000 | $43.0M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Reduce -13.3% | 32,500,000 | $39.9M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | New | 31,000,000 | $32.1M |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Add +27.3% | 32,000,000 | $31.2M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -21.7% | 18,000,000 | $29.2M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -3.3% | 29,000,000 | $27.4M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Reduce -6.6% | 28,500,000 | $26.5M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Reduce -25.0% | 15,000,000 | $16.2M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Reduce -71.2% | 7,500,000 | $15.6M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Sold out | 16,000,000 | $14.5Mbefore exit |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -21.4% | 11,000,000 | $9.8M |
| XCEL ENERGY INC (XEL 6.25 10/15/85) | Common Stock | New | 200,000 | $5.0M |
| RITHM CAPITAL CORP (RITM 8.75 PERP E) | PUBLIC | New | 177,850 | $4.4M |
| TEMPUS AI INC | Convertible Debt · principal | Sold out | 3,000,000 | $3.0Mbefore exit |
| WESBANCO INC (WSBC V7.375 PERP B) | PREFERRED STOCK | New | 70,000 | $1.8M |
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 |