MBB Public Markets I LLC

Name: MBB PUBLIC MARKETS I LLC 13F holdings, Q2 2025
Creator: MBB PUBLIC MARKETS I LLC
Published: 2025-08-14

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), MBB Public Markets I LLC reported 497 stock positions worth $868.8 million. Its top holding was Progressive (PGR) at 18.1% of the portfolio, followed by Aercap (AER, 11.3%) and Ferguson Enterprises (FERG, 6.7%). Compared with Q1 2025, it opened 4 new positions, sold out of 30, added to 10 and reduced 479. The biggest buy was a new position in Ferguson Enterprises (FERG) and the biggest sale an exit from SS SPDR P S&P 400 Midcap ETF (SPMD).

Most Recent 13F: Q2 2026
Location: CHICAGO, IL
CIK: 0001892378
Portfolio Value: $868.8M (Q2 2025)
SEC Filing: 0001214659-25-012222 ↗ filed Aug 14, 2025

Holdings Value

Holdings 497 stocks · $868.8M


PGR Progressive Corp.	18.12%	589,906	$157.4M	Add +68.5%
AER Aercap Holdings NV	11.33%	841,315	$98.4M	Add +62.8%
FERG Ferguson Enterprises Inc.	6.71%	267,772	$58.3M	New
AMZN Amazon.com Inc.	4.78%	189,179	$41.5M	Reduce -0.2%
VEA Vanguard Ftse Developed ETF	4.34%	662,117	$37.7M	No change
EQT Eqt Corp.	4.14%	616,513	$36.0M	Reduce -7.7%
MSFT Microsoft Corp.	3.60%	62,939	$31.3M	Add +18.6%
BG Bunge Global SA	3.52%	380,853	$30.6M	Reduce -11.8%
EWJ iShares MSCI Japan ETF	3.32%	384,482	$28.8M	No change
CCJ Cameco Corp.	3.25%	379,865	$28.2M	Reduce -26.9%
GOOGL Alphabet Inc. Class A	3.20%	157,986	$27.8M	Reduce -0.1%
AVGO Broadcom Inc.	3.17%	99,841	$27.5M	Reduce -0.3%
FCX Freeport-McMoran Inc.	2.64%	529,978	$23.0M	Reduce -5.6%
TECK Teck Resources Ltd.-CLS B	2.62%	563,228	$22.7M	Reduce -24.0%
AMGN Amgen Inc.	2.24%	69,824	$19.5M	Reduce -0.3%
VST Vistra Corp.	2.09%	93,848	$18.2M	Add +50.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	1.74%	446,991	$15.1M	Add +9.4%
IQV Iqvia Holdings Inc.	1.54%	84,986	$13.4M	Add +5035.1%
INDA iShares MSCI India ETF	1.50%	233,724	$13.0M	No change
DFIV Dimensional International Va	0.69%	140,000	$6.0M	Reduce -41.7%
SPSM SS SPDR P S&P 600 Small Cap	0.39%	79,298	$3.4M	Reduce -88.2%
KYTX Kyverna Therapeutics Inc.	0.22%	614,477	$1.9M	No change
EWZ iShares MSCI Brazil ETF	0.11%	31,734	$916K	Reduce -65.1%
TKO Tko Group Holdings Inc.	0.08%	3,861	$703K	Reduce -9.1%
NRG NRG Energy Inc.	0.05%	2,771	$445K	Reduce -17.9%
STX Seagate Technology Holdings	0.05%	2,866	$414K	Reduce -18.9%
GEV GE Vernova Inc.	0.05%	780	$413K	Reduce -18.1%
PLTR Palantir Technologies Inc. Class A	0.05%	2,957	$403K	Reduce -17.6%
JBL Jabil Inc.	0.05%	1,841	$402K	Reduce -18.3%
NFLX Netflix Inc.	0.04%	286	$383K	Reduce -17.6%
AXON Axon Enterprise Inc.	0.04%	457	$378K	Reduce -18.3%
DLTR Dollar Tree Inc.	0.04%	3,814	$378K	Reduce -17.7%
RCL Royal Caribbean Cruises Ltd.	0.04%	1,196	$375K	Reduce -18.5%
CRWD CrowdStrike Holdings Inc. Class A	0.04%	734	$374K	Reduce -17.7%
ORCL Oracle Corp.	0.04%	1,674	$366K	Reduce -19.1%
WDC Western Digital Corp.	0.04%	5,684	$364K	Reduce -19.1%
HWM Howmet Aerospace Inc.	0.04%	1,952	$363K	Reduce -18.4%
APH Amphenol Corp. Class A	0.04%	3,658	$361K	Reduce -18.3%
CEG Constellation Energy	0.04%	1,119	$361K	Reduce -18.9%
DG Dollar General Corp.	0.04%	3,148	$360K	Reduce -17.9%
PWR Quanta Services Inc.	0.04%	949	$359K	Reduce -18.4%
ULTA Ulta Beauty Inc.	0.04%	755	$353K	Reduce -17.9%
TSLA Tesla Inc.	0.04%	1,109	$352K	Reduce -17.8%
MCHP Microchip Technology Inc.	0.04%	4,922	$346K	Reduce -19.1%
NVDA Nvidia Corp.	0.04%	2,151	$340K	Reduce -19.0%
AMD Advanced Micro Devices	0.04%	2,382	$338K	Reduce -19.3%
IDXX Idexx Laboratories Inc.	0.04%	630	$338K	Reduce -18.0%
INTU Intuit Inc.	0.04%	429	$338K	Reduce -18.4%
CCL Carnival Corp.	0.04%	11,976	$337K	Reduce -19.3%
MOS The Mosaic Co.	0.04%	9,172	$335K	Reduce -18.5%
HAS Hasbro Inc.	0.04%	4,488	$331K	Reduce -17.9%
FSLR First Solar Inc.	0.04%	1,996	$330K	Reduce -18.1%
CAH Cardinal Health Inc.	0.04%	1,961	$329K	Reduce -18.3%
DASH DoorDash Inc. Class A	0.04%	1,335	$329K	Reduce -18.6%
JCI Johnson Controls Internation	0.04%	3,113	$329K	Reduce -18.6%
NOW ServiceNow Inc.	0.04%	318	$327K	Reduce -17.6%
GE General Electric filed as GE AEROSPACE	0.04%	1,258	$324K	Reduce -18.6%
GS Goldman Sachs Group Inc.	0.04%	457	$323K	Reduce -18.7%
KLAC KLA Corp.	0.04%	361	$323K	Reduce -18.5%
META Meta Platforms Inc. Class A	0.04%	438	$323K	Reduce -98.5%
LRCX Lam Research Corp.	0.04%	3,321	$323K	Reduce -18.8%
TT Trane Technologies PLC	0.04%	738	$323K	Reduce -18.5%
HPE Hewlett Packard Enterprise	0.04%	15,785	$323K	Reduce -18.6%
UBER Uber Technologies Inc.	0.04%	3,445	$321K	Reduce -18.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.04%	2,588	$321K	Reduce -18.9%
LYV Live Nation Entertainment Inc.	0.04%	2,119	$321K	Reduce -18.0%
SMCI Super Micro Computer Inc.	0.04%	6,502	$319K	Reduce -19.0%
BKNG Booking Holdings Inc.	0.04%	55	$318K	Reduce -19.1%
NTRS Northern Trust Corp.	0.04%	2,511	$318K	Reduce -19.0%
JPM JPMorgan Chase & Co.	0.04%	1,096	$318K	Reduce -18.3%
NEM Newmont Corp.	0.04%	5,438	$317K	Reduce -17.8%
SYF Synchrony Financial	0.04%	4,744	$317K	Reduce -18.7%
BEN Franklin Templeton Inc.	0.04%	13,262	$316K	Reduce -18.6%
RL Ralph Lauren Corp.	0.04%	1,153	$316K	Reduce -18.4%
C Citigroup Inc.	0.04%	3,714	$316K	Reduce -18.5%
ROK Rockwell Automation Inc.	0.04%	949	$315K	Reduce -18.9%
SCHW Schwab (charles) Corp.	0.04%	3,446	$314K	Reduce -18.1%
DELL Dell Technologies -C	0.04%	2,563	$314K	Reduce -18.9%
PODD Insulet Corp.	0.04%	1,000	$314K	Reduce -18.4%
ANET Arista Networks Inc.	0.04%	3,062	$313K	Reduce -19.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.04%	1,062	$313K	Reduce -18.6%
PM Philip Morris International	0.04%	1,718	$313K	Reduce -17.8%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC	0.04%	3,392	$312K	Reduce -18.3%
MPWR Monolithic Power Systems Inc.	0.04%	426	$312K	Reduce -18.9%
COF Capital One Financial Corp.	0.04%	1,463	$311K	Reduce -18.2%
TPR Tapestry Inc.	0.04%	3,544	$311K	Reduce -18.6%
VRSN Verisign Inc.	0.04%	1,077	$311K	Reduce -18.0%
CTVA Corteva Inc.	0.04%	4,171	$311K	Reduce -18.5%
HUBB Hubbell Inc.	0.04%	760	$310K	Reduce -18.2%
HII Huntington Ingalls Industrie	0.04%	1,284	$310K	Reduce -18.0%
CDNS Cadence Design SYS Inc.	0.04%	1,006	$310K	Reduce -18.0%
ON On Semiconductor	0.04%	5,907	$310K	Reduce -18.9%
CSCO Cisco Systems Inc.	0.04%	4,455	$309K	Reduce -18.4%
ETN Eaton Corp. PLC	0.04%	862	$308K	Reduce -75.8%
URI United Rentals Inc.	0.04%	408	$307K	Reduce -18.6%
EMR Emerson Electric Co.	0.04%	2,305	$307K	Reduce -18.8%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.04%	3,759	$304K	Reduce -19.3%
LHX L3HARRIS Technologies Inc.	0.03%	1,209	$303K	Reduce -18.3%
LDOS Leidos Holdings Inc.	0.03%	1,922	$303K	Reduce -18.0%
STT State Street Corp.	0.03%	2,851	$303K	Reduce -18.6%
KR Kroger Co.	0.03%	4,221	$303K	Reduce -17.5%
FFIV F5 Inc.	0.03%	1,027	$302K	Reduce -18.0%
TEL Te Connectivity PLC	0.03%	1,790	$302K	Reduce -18.4%
AXP American Express Co.	0.03%	945	$301K	Reduce -18.6%
TTWO Take-Two Interactive Softwre	0.03%	1,241	$301K	Reduce -18.1%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.03%	2,937	$301K	Reduce -18.5%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.03%	4,096	$301K	Reduce -17.8%
BA The Boeing Co.	0.03%	1,436	$301K	Reduce -18.7%
DLR Digital Realty Trust Inc.	0.03%	1,722	$300K	Reduce -18.1%
PNR Pentair PLC	0.03%	2,919	$300K	Reduce -18.4%
MU Micron Technology Inc.	0.03%	2,425	$299K	Reduce -20.5%
ADI Analog Devices Inc.	0.03%	1,251	$298K	Reduce -18.6%
HCA HCA Healthcare Inc.	0.03%	777	$298K	Reduce -18.4%
CMG Chipotle Mexican Grill Inc.	0.03%	5,297	$297K	Reduce -18.3%
EBAY eBay Inc.	0.03%	3,992	$297K	Reduce -18.2%
ADSK Autodesk Inc.	0.03%	960	$297K	Reduce -18.5%
WFC Wells Fargo & Co.	0.03%	3,706	$297K	Reduce -18.4%
CBRE CBRE Group Inc. Class A	0.03%	2,119	$297K	Reduce -18.2%
CHTR Charter Communications Inc. Class A	0.03%	725	$296K	Reduce -18.6%
NTAP Netapp Inc.	0.03%	2,771	$295K	Reduce -18.7%
CAT Caterpillar Inc.	0.03%	760	$295K	Reduce -18.9%
WMT Walmart Inc.	0.03%	3,013	$295K	Reduce -17.9%
COR Cencora Inc.	0.03%	982	$294K	Reduce -18.0%
MCO Moody's Corp.	0.03%	587	$294K	Reduce -18.5%
DXCM Dexcom Inc.	0.03%	3,367	$294K	Reduce -18.9%
MS Morgan Stanley	0.03%	2,086	$294K	Reduce -18.9%
NDAQ Nasdaq Inc.	0.03%	3,285	$294K	Reduce -18.9%
KKR KKR & Co. Inc.	0.03%	2,201	$293K	Reduce -18.6%
INCY Incyte Corp.	0.03%	4,298	$293K	Reduce -18.3%
SNPS Synopsys Inc.	0.03%	570	$292K	Reduce -18.7%
ALGN Align Technology Inc.	0.03%	1,542	$292K	Reduce -18.0%
ADM Archer-Daniels-Midland Co.	0.03%	5,531	$292K	Reduce -18.1%
MDLZ Mondelez International Inc. Class A	0.03%	4,319	$291K	Reduce -17.7%
SYK Stryker Corp.	0.03%	736	$291K	Reduce -18.0%
GD General Dynamics Corp.	0.03%	993	$290K	Reduce -18.2%
GEN Gen Digital Inc.	0.03%	9,825	$289K	Reduce -18.5%
MCK McKesson Corp.	0.03%	394	$289K	Reduce -17.9%
PH Parker Hannifin Corp.	0.03%	413	$288K	Reduce -18.9%
HBAN Huntington Bancshares Inc.	0.03%	17,207	$288K	Reduce -18.6%
PAYC Paycom Software Inc.	0.03%	1,246	$288K	Reduce -18.0%
LH Labcorp Holdings Inc.	0.03%	1,096	$288K	Reduce -18.5%
TDG Transdigm Group Inc.	0.03%	189	$287K	Reduce -18.9%
FTNT Fortinet Inc.	0.03%	2,718	$287K	Reduce -18.1%
MNST Monster Beverage Corp.	0.03%	4,584	$287K	Reduce -18.2%
WYNN WYNN Resorts Ltd.	0.03%	3,063	$287K	Reduce -18.6%
AMAT Applied Materials Inc.	0.03%	1,565	$287K	Reduce -19.1%
HON Honeywell International Inc.	0.03%	1,229	$286K	Reduce -18.6%
CBOE Cboe Global Markets Inc.	0.03%	1,227	$286K	Reduce -18.3%
COST Costco Wholesale Corp.	0.03%	289	$286K	Reduce -17.9%
MAR Marriott International Class A	0.03%	1,046	$286K	Reduce -18.6%
ISRG Intuitive Surgical Inc.	0.03%	525	$285K	Reduce -18.2%
MPC Marathon Petroleum Corp.	0.03%	1,715	$285K	Reduce -19.0%
XYL Xylem Inc.	0.03%	2,197	$284K	Reduce -18.4%
FIS Fidelity National Info Serv	0.03%	3,491	$284K	Reduce -18.1%
RMD Resmed Inc.	0.03%	1,101	$284K	Reduce -18.4%
PARAA Paramount Global Class B	0.03%	21,991	$284K	Reduce -18.5%
ROL Rollins Inc.	0.03%	5,027	$284K	Reduce -18.0%
CTAS Cintas Corp.	0.03%	1,272	$283K	Reduce -18.3%
HIG Hartford Insurance Group Inc.	0.03%	2,234	$283K	Reduce -18.2%
ALLE Allegion PLC	0.03%	1,966	$283K	Reduce -18.1%
TXN Texas Instruments Inc.	0.03%	1,362	$283K	Reduce -19.3%
DRI Darden Restaurants Inc.	0.03%	1,296	$282K	Reduce -18.4%
SRE Sempra	0.03%	3,724	$282K	Reduce -18.0%
WAB Wabtec Corp.	0.03%	1,346	$282K	Reduce -18.7%
NSC Norfolk Southern Corp.	0.03%	1,099	$281K	Reduce -18.6%
DGX Quest Diagnostics Inc.	0.03%	1,566	$281K	Reduce -18.0%
T AT&T Inc.	0.03%	9,720	$281K	Reduce -18.2%
VRSK Verisk Analytics Inc.	0.03%	903	$281K	Reduce -18.3%
EA Electronic Arts Inc.	0.03%	1,761	$281K	Reduce -18.5%
BLK BlackRock Inc.	0.03%	268	$281K	Reduce -19.0%
O Realty Income Corp.	0.03%	4,881	$281K	Reduce -17.8%
APTV Aptiv PLC	0.03%	4,111	$280K	Reduce -19.0%
CSX CSX Corp.	0.03%	8,592	$280K	Reduce -18.7%
BALL Ball Corp.	0.03%	4,987	$280K	Reduce -18.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.03%	3,064	$279K	Reduce -18.8%
BR Broadridge Financial Solutio	0.03%	1,148	$279K	Reduce -18.1%
EXE Expand Energy Corp.	0.03%	2,385	$279K	Reduce -18.6%
ABT Abbott Laboratories	0.03%	2,050	$279K	Reduce -18.1%
RTX RTX Corp.	0.03%	1,909	$279K	Reduce -19.0%
AMP Ameriprise Financial Inc.	0.03%	521	$278K	Reduce -18.7%
RJF Raymond James Financial Inc.	0.03%	1,813	$278K	Reduce -18.6%
VMC Vulcan Materials Co.	0.03%	1,066	$278K	Reduce -18.3%
SO The Southern Co.	0.03%	3,027	$278K	Reduce -18.0%
UAL United Airlines Holdings Inc.	0.03%	3,487	$278K	Reduce -18.7%
SBAC SBA Communications Corp.	0.03%	1,181	$277K	Reduce -18.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.03%	8,495	$277K	Reduce -17.9%
HLT Hilton Worldwide Holdings Inc.	0.03%	1,039	$277K	Reduce -19.1%
ECL Ecolab Inc.	0.03%	1,027	$277K	Reduce -18.5%
PTC PTC Inc.	0.03%	1,604	$276K	Reduce -18.7%
STE Steris PLC	0.03%	1,150	$276K	Reduce -18.3%
DE Deere & Co.	0.03%	543	$276K	Reduce -18.4%
GILD Gilead Sciences Inc.	0.03%	2,490	$276K	Reduce -18.0%
EW Edwards Lifesciences Corp.	0.03%	3,529	$276K	Reduce -18.4%
CARR Carrier Global Corp.	0.03%	3,770	$276K	Reduce -19.1%
ZBRA Zebra Technologies Corp. Class A	0.03%	894	$276K	Reduce -19.2%
J Jacobs Solutions Inc.	0.03%	2,097	$276K	Reduce -18.5%
KEY Keycorp	0.03%	15,822	$276K	Reduce -19.0%
WBD Warner Bros Discovery Inc.	0.03%	24,049	$276K	Reduce -19.6%
SWKS Skyworks Solutions Inc.	0.03%	3,697	$276K	Reduce -19.1%
GLW Corning Inc.	0.03%	5,236	$275K	Reduce -19.1%
NOC Northrop Grumman Corp.	0.03%	550	$275K	Reduce -18.3%
PNC PNC Financial Services Group	0.03%	1,475	$275K	Reduce -18.9%
HOLX Hologic Inc.	0.03%	4,217	$275K	Reduce -18.6%
ABNB Airbnb Inc. Class A	0.03%	2,076	$275K	Reduce -18.5%
SYY Sysco Corp.	0.03%	3,626	$275K	Reduce -18.1%
RSG Republic Services Inc.	0.03%	1,112	$274K	Reduce -18.2%
BSX Boston Scientific Corp.	0.03%	2,552	$274K	Reduce -18.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.03%	5,792	$274K	Reduce -19.2%
PANW Palo Alto Networks Inc.	0.03%	1,339	$274K	Reduce -19.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.03%	2,215	$274K	Reduce -18.0%
WMB Williams Cos Inc.	0.03%	4,353	$273K	Reduce -18.4%
MLM Martin Marietta Materials	0.03%	497	$273K	Reduce -18.5%
GNRC Generac Holdings Inc.	0.03%	1,901	$272K	Reduce -19.3%
KO The Coca-Cola Co.	0.03%	3,844	$272K	Reduce -17.9%
PYPL PayPal Holdings Inc.	0.03%	3,659	$272K	Reduce -18.9%
USB US Bancorp	0.03%	6,007	$272K	Reduce -18.8%
KMI Kinder Morgan Inc.	0.03%	9,242	$272K	Reduce -18.6%
ADP Automatic Data Processing	0.03%	881	$272K	Reduce -18.4%
V Visa Inc. Class A	0.03%	764	$271K	Reduce -18.4%
LII Lennox International Inc.	0.03%	473	$271K	New
AZO AutoZone Inc.	0.03%	73	$271K	Reduce -18.0%
ICE Intercontinental Exchange Inc.	0.03%	1,476	$271K	Reduce -18.8%
RF Regions Financial Corp.	0.03%	11,510	$271K	Reduce -19.0%
WELL Welltower Inc.	0.03%	1,760	$271K	Reduce -18.3%
PAYX Paychex Inc.	0.03%	1,860	$271K	Reduce -18.1%
TRMB Trimble Inc.	0.03%	3,560	$270K	Reduce -19.4%
F Ford Motor Co. filed as FORD MTR CO	0.03%	24,916	$270K	Reduce -18.6%
MA Mastercard Inc. Class A	0.03%	481	$270K	Reduce -18.5%
WM Waste Management Inc.	0.03%	1,180	$270K	Reduce -18.1%
QCOM Qualcomm Inc.	0.03%	1,692	$269K	Reduce -18.6%
CME Cme Group Inc.	0.03%	976	$269K	Reduce -18.3%
MKTX Marketaxess Holdings Inc.	0.03%	1,204	$269K	Reduce -18.2%
L Loews Corp.	0.03%	2,928	$268K	Reduce -18.6%
ES Eversource Energy	0.03%	4,217	$268K	Reduce -18.6%
JNPR Juniper Networks Inc.	0.03%	6,716	$268K	Reduce -18.9%
ROP Roper Technologies Inc.	0.03%	473	$268K	Reduce -18.0%
AMT American Tower Corp.	0.03%	1,213	$268K	Reduce -18.4%
TFC Truist Financial Corp.	0.03%	6,236	$268K	Reduce -18.9%
TXT Textron Inc.	0.03%	3,336	$268K	Reduce -19.1%
CI The Cigna Group	0.03%	810	$268K	Reduce -18.1%
DAL Delta Air Lines Inc.	0.03%	5,443	$268K	Reduce -19.1%
CNP Centerpoint Energy Inc.	0.03%	7,272	$267K	Reduce -18.1%
HSIC Henry Schein Inc.	0.03%	3,657	$267K	Reduce -18.7%
WBA Walgreens Boots Alliance Inc.	0.03%	23,236	$267K	Reduce -18.4%
ATO Atmos Energy Corp.	0.03%	1,728	$266K	Reduce -18.0%
NVR NVR Inc.	0.03%	36	$266K	Reduce -16.3%
CDW CDW Corp.	0.03%	1,487	$266K	Reduce -18.9%
TDY Teledyne Technologies Inc.	0.03%	518	$265K	Reduce -18.8%
ROST Ross Stores Inc.	0.03%	2,080	$265K	Reduce -17.8%
HRL Hormel Foods Corp.	0.03%	8,771	$265K	Reduce -18.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.03%	2,749	$265K	Reduce -18.6%
VLTO Veralto Corp.	0.03%	2,627	$265K	Reduce -18.8%
AME Ametek Inc.	0.03%	1,465	$265K	Reduce -18.6%
LIN Linde PLC	0.03%	565	$265K	Reduce -18.6%
HD Home Depot Inc.	0.03%	723	$265K	Reduce -18.2%
CFG Citizens Financial Group	0.03%	5,919	$265K	Reduce -19.3%
NXPI NXP Semiconductors NV	0.03%	1,212	$265K	Reduce -19.0%
NI Nisource Inc.	0.03%	6,554	$264K	Reduce -18.3%
TRV The Travelers Cos Inc.	0.03%	988	$264K	Reduce -18.5%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC	0.03%	1,467	$264K	Reduce -18.5%
CTSH Cognizant Tech Solutions-A	0.03%	3,387	$264K	Reduce -18.5%
SPGI S&P Global Inc.	0.03%	501	$264K	Reduce -18.8%
ANSS Ansys Inc.	0.03%	752	$264K	Reduce -19.0%
EVRG Evergy Inc.	0.03%	3,826	$264K	Reduce -18.3%
MO Altria Group Inc.	0.03%	4,492	$263K	Reduce -18.2%
TYL Tyler Technologies Inc.	0.03%	444	$263K	Reduce -18.5%
AIG American International Group	0.03%	3,075	$263K	Reduce -18.5%
KDP Keurig Dr Pepper Inc.	0.03%	7,960	$263K	Reduce -18.0%
MTB M & T Bank Corp. filed as M & T BK CORP	0.03%	1,354	$263K	Reduce -19.2%
CSGP Costar Group Inc.	0.03%	3,266	$263K	Reduce -18.2%
HST Host Hotels & Resorts Inc.	0.03%	17,092	$263K	Reduce -18.8%
SHW The Sherwin-Williams Co.	0.03%	764	$262K	Reduce -18.4%
ACGL Arch Capital Group Ltd.	0.03%	2,879	$262K	Reduce -18.2%
FDS Factset Research Systems Inc.	0.03%	586	$262K	Reduce -18.6%
EPAM Epam Systems Inc.	0.03%	1,482	$262K	Reduce -18.7%
PEG Public Service Enterprise GP	0.03%	3,110	$262K	Reduce -18.5%
UHS Universal Health Services-B	0.03%	1,445	$262K	Reduce -18.6%
CVS CVS Health Corp.	0.03%	3,794	$262K	Reduce -18.6%
EFX Equifax Inc.	0.03%	1,009	$262K	Reduce -18.4%
IR Ingersoll-Rand Inc.	0.03%	3,142	$261K	Reduce -18.8%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.03%	251	$261K	Reduce -19.0%
KIM Kimco Realty Corp.	0.03%	12,416	$261K	Reduce -18.4%
PPG PPG Industries Inc.	0.03%	2,294	$261K	Reduce -18.8%
VZ Verizon Communications Inc.	0.03%	6,027	$261K	Reduce -18.3%
EXR Extra Space Storage Inc.	0.03%	1,767	$261K	Reduce -18.4%
CINF Cincinnati Financial Corp.	0.03%	1,749	$260K	Reduce -18.9%
MGM MGM Resorts International	0.03%	7,572	$260K	Reduce -19.0%
KEYS Keysight Technologies Inc.	0.03%	1,588	$260K	Reduce -19.3%
PNW Pinnacle West Capital	0.03%	2,904	$260K	Reduce -18.0%
GRMN Garmin Ltd.	0.03%	1,244	$260K	Reduce -18.5%
TER Teradyne Inc.	0.03%	2,885	$259K	Reduce -19.2%
STLD Steel Dynamics Inc.	0.03%	2,026	$259K	Reduce -18.5%
NCLH Norwegian Cruise Line Holdin	0.03%	12,786	$259K	Reduce -19.4%
DOV Dover Corp.	0.03%	1,414	$259K	Reduce -18.8%
LNT Alliant Energy Corp.	0.03%	4,279	$259K	Reduce -18.2%
IVZ Invesco Ltd.	0.03%	16,401	$259K	Reduce -19.0%
ODFL Old Dominion Freight Line	0.03%	1,592	$258K	Reduce -18.5%
CMI Cummins Inc.	0.03%	788	$258K	Reduce -18.9%
K Kellanova	0.03%	3,236	$257K	Reduce -18.1%
MRSH Marsh & McLennan Cos	0.03%	1,177	$257K	Reduce -18.3%
NUE Nucor Corp.	0.03%	1,984	$257K	Reduce -19.0%
AWK American Water Works Co. Inc.	0.03%	1,847	$257K	Reduce -18.1%
VLO Valero Energy Corp.	0.03%	1,909	$257K	Reduce -19.4%
GDDY GoDaddy Inc. Class A	0.03%	1,425	$257K	Reduce -18.5%
MET Metlife Inc.	0.03%	3,190	$257K	Reduce -18.8%
NDSN Nordson Corp.	0.03%	1,196	$256K	Reduce -19.1%
MMM 3M Co.	0.03%	1,682	$256K	Reduce -18.9%
WAT Waters Corp.	0.03%	733	$256K	Reduce -18.4%
TSCO Tractor Supply Company	0.03%	4,845	$256K	Reduce -18.8%
BX Blackstone Inc.	0.03%	1,709	$256K	Reduce -19.1%
DUK Duke Energy Corp.	0.03%	2,166	$256K	Reduce -18.3%
ACN Accenture PLC Class A	0.03%	855	$256K	Reduce -18.3%
LVS Las Vegas Sands Corp.	0.03%	5,873	$256K	Reduce -19.4%
ETR Entergy Corp.	0.03%	3,073	$255K	Reduce -18.3%
EXC Exelon Corp.	0.03%	5,873	$255K	Reduce -18.1%
PSA Public Storage	0.03%	869	$255K	Reduce -18.3%
EXPD Expeditors Intl Wash Inc.	0.03%	2,231	$255K	Reduce -18.6%
CB Chubb Ltd.	0.03%	879	$255K	Reduce -18.6%
AEP American Electric Power	0.03%	2,453	$255K	Reduce -18.3%
FICO Fair Isaac Corp.	0.03%	139	$254K	Reduce -18.2%
ADBE Adobe Inc.	0.03%	656	$254K	Reduce -18.7%
MSCI MSCI Inc.	0.03%	440	$254K	Reduce -18.8%
CCI Crown Castle Inc.	0.03%	2,469	$254K	Reduce -18.6%
CMS CMS Energy Corp.	0.03%	3,661	$254K	Reduce -18.0%
ITW Illinois Tool Works	0.03%	1,025	$253K	Reduce -18.6%
WEC WEC Energy Group Inc.	0.03%	2,432	$253K	Reduce -18.3%
BXP BXP Inc.	0.03%	3,752	$253K	Reduce -18.6%
UNP Union Pacific Corp.	0.03%	1,096	$252K	Reduce -18.8%
PPL PPL Corp.	0.03%	7,439	$252K	Reduce -18.1%
GPC Genuine Parts Co.	0.03%	2,078	$252K	Reduce -18.7%
DTE DTE Energy Company	0.03%	1,903	$252K	Reduce -18.4%
CHRW C.H. Robinson Worldwide Inc.	0.03%	2,627	$252K	Reduce -18.7%
CMCSA Comcast Corp. Class A	0.03%	7,059	$252K	Reduce -18.9%
FITB Fifth Third Bancorp	0.03%	6,125	$252K	Reduce -19.4%
FRT Federal Realty Invs Trust	0.03%	2,652	$252K	Reduce -18.4%
XEL Xcel Energy Inc.	0.03%	3,699	$252K	Reduce -18.3%
LW Lamb Weston Holdings Inc.	0.03%	4,858	$252K	Reduce -18.4%
CZR Caesars Entertainment Inc.	0.03%	8,871	$252K	Reduce -18.9%
NEE Nextera Energy Inc.	0.03%	3,624	$252K	Reduce -18.7%
MTCH Match Group Inc.	0.03%	8,139	$251K	Reduce -18.7%
LOW Lowe's Cos Inc.	0.03%	1,133	$251K	Reduce -18.6%
MAA Mid-America Apartment Comm	0.03%	1,698	$251K	Reduce -18.0%
MCD McDonald's Corp.	0.03%	860	$251K	Reduce -18.0%
GL Globe Life Inc.	0.03%	2,021	$251K	Reduce -18.6%
APO Apollo Global Management Inc.	0.03%	1,770	$251K	Reduce -19.0%
JBHT Hunt (jb) Transprt SVCS Inc.	0.03%	1,748	$251K	Reduce -18.9%
AFL Aflac Inc.	0.03%	2,378	$251K	Reduce -18.4%
WSM Williams-Sonoma Inc.	0.03%	1,534	$251K	Reduce -18.8%
A Agilent Technologies Inc.	0.03%	2,123	$251K	Reduce -19.0%
DPZ Domino's Pizza Inc.	0.03%	556	$251K	Reduce -18.4%
AKAM Akamai Technologies Inc.	0.03%	3,140	$250K	Reduce -18.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.03%	782	$250K	Reduce -18.3%
INVH Invitation Homes Inc.	0.03%	7,632	$250K	Reduce -18.4%
D Dominion Energy Inc.	0.03%	4,428	$250K	Reduce -18.9%
EG Everest Group Ltd.	0.03%	736	$250K	Reduce -18.3%
OTIS Otis Worldwide Corp.	0.03%	2,525	$250K	Reduce -18.9%
CL Colgate-Palmolive Co.	0.03%	2,749	$250K	Reduce -18.5%
AEE Ameren Corporation	0.03%	2,601	$250K	Reduce -18.4%
CRM Salesforce Inc.	0.03%	916	$250K	Reduce -18.6%
AMCR Amcor PLC	0.03%	27,176	$250K	Reduce -18.2%
PFG Principal Financial Group	0.03%	3,142	$250K	Reduce -18.8%
SOLV Solventum Corp.	0.03%	3,287	$249K	Reduce -19.3%
HSY The Hershey Co.	0.03%	1,502	$249K	Reduce -18.6%
ESS Essex Property Trust Inc.	0.03%	879	$249K	Reduce -18.6%
PRU Prudential Financial Inc.	0.03%	2,315	$249K	Reduce -18.8%
CPAY Corpay Inc.	0.03%	749	$249K	Reduce -18.8%
FE Firstenergy Corp.	0.03%	6,167	$248K	Reduce -18.4%
WDAY Workday Inc. Class A	0.03%	1,034	$248K	Reduce -18.7%
CPT Camden Property Trust	0.03%	2,202	$248K	Reduce -18.4%
NKE Nike Inc. Class B	0.03%	3,492	$248K	Reduce -19.6%
GM General Motors Co.	0.03%	5,040	$248K	Reduce -18.9%
REG Regency Centers Corp.	0.03%	3,481	$248K	Reduce -18.5%
MTD Mettler-Toledo International	0.03%	211	$248K	Reduce -19.2%
DAY Dayforce Inc.	0.03%	4,474	$248K	Reduce -18.6%
TSN Tyson Foods Inc. Class A	0.03%	4,426	$248K	Reduce -18.0%
APD Air Products & Chemicals Inc.	0.03%	876	$247K	Reduce -18.9%
WST West Pharmaceutical Services	0.03%	1,129	$247K	Reduce -18.8%
LMT Lockheed Martin Corp.	0.03%	533	$247K	Reduce -18.5%
MDT Medtronic PLC	0.03%	2,828	$247K	Reduce -18.7%
PHM Pultegroup Inc.	0.03%	2,336	$246K	Reduce -18.9%
ALL Allstate Corp.	0.03%	1,223	$246K	Reduce -18.9%
PKG Packaging Corp. of America	0.03%	1,306	$246K	Reduce -18.6%
SBUX Starbucks Corp.	0.03%	2,684	$246K	Reduce -19.0%
AAPL Apple Inc.	0.03%	1,198	$246K	Reduce -18.6%
EOG EOG Resources Inc.	0.03%	2,044	$244K	Reduce -18.9%
CHD Church & Dwight Co. Inc.	0.03%	2,541	$244K	Reduce -18.2%
JNJ Johnson & Johnson	0.03%	1,597	$244K	Reduce -18.6%
IEX Idex Corp.	0.03%	1,389	$244K	Reduce -18.9%
MSI Motorola Solutions Inc.	0.03%	580	$244K	Reduce -18.6%
GEHC GE Healthcare Technology	0.03%	3,289	$244K	Reduce -19.2%
MKC McCormick & Co.-Non VTG SHRS	0.03%	3,211	$243K	Reduce -18.6%
KVUE Kenvue Inc.	0.03%	11,625	$243K	Reduce -18.2%
SW Smurfit Westrock PLC	0.03%	5,638	$243K	Reduce -18.8%
YUM Yum! Brands Inc.	0.03%	1,641	$243K	Reduce -18.7%
ED Consolidated Edison Inc.	0.03%	2,423	$243K	Reduce -18.2%
VTRS Viatris Inc.	0.03%	27,154	$242K	Reduce -19.2%
UDR Udr Inc.	0.03%	5,937	$242K	Reduce -18.6%
PCAR Paccar Inc.	0.03%	2,550	$242K	Reduce -18.8%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.03%	3,591	$242K	Reduce -18.6%
VTR Ventas Inc.	0.03%	3,837	$242K	Reduce -18.3%
AOS Smith (a.o.) Corp.	0.03%	3,694	$242K	Reduce -18.9%
DHR Danaher Corp.	0.03%	1,225	$242K	Reduce -18.8%
TMUS T-Mobile US Inc.	0.03%	1,014	$242K	Reduce -18.1%
XOM Exxon Mobil Corp.	0.03%	2,239	$241K	Reduce -18.7%
LUV Southwest Airlines Co.	0.03%	7,427	$241K	Reduce -20.3%
KMX Carmax Inc.	0.03%	3,582	$241K	Reduce -18.8%
PLD Prologis Inc.	0.03%	2,289	$241K	Reduce -18.7%
MOH Molina Healthcare Inc.	0.03%	807	$240K	Reduce -18.5%
ZTS Zoetis Inc.	0.03%	1,541	$240K	Reduce -18.9%
EXPE Expedia Group Inc.	0.03%	1,424	$240K	Reduce -19.3%
LLY Eli Lilly & Co.	0.03%	307	$239K	Reduce -18.4%
IT Gartner Inc.	0.03%	592	$239K	Reduce -18.3%
AVY Avery Dennison Corp.	0.03%	1,363	$239K	Reduce -18.9%
INTC Intel Corp.	0.03%	10,676	$239K	Reduce -19.3%
TGT Target Corp.	0.03%	2,423	$239K	Reduce -19.0%
CNC Centene Corp.	0.03%	4,403	$239K	Reduce -18.2%
DVA Davita Inc.	0.03%	1,676	$239K	Reduce -19.0%
COP Conocophillips	0.03%	2,659	$239K	Reduce -18.6%
DHI D.R. Horton Inc.	0.03%	1,850	$239K	Reduce -19.0%
AVB Avalonbay Communities Inc.	0.03%	1,171	$238K	Reduce -18.7%
IPG Interpublic Group of Cos Inc.	0.03%	9,727	$238K	Reduce -18.7%
CPRT Copart Inc.	0.03%	4,851	$238K	Reduce -17.7%
BRO Brown & Brown Inc.	0.03%	2,147	$238K	Reduce -18.5%
BRK.B Berkshire Hathaway Inc. Class B	0.03%	489	$238K	Reduce -32.1%
KMB Kimberly-Clark Corp.	0.03%	1,842	$237K	Reduce -18.6%
SPG Simon Property Group Inc.	0.03%	1,476	$237K	Reduce -19.2%
PSX Phillips 66	0.03%	1,988	$237K	Reduce -19.6%
HUM Humana Inc.	0.03%	970	$237K	Reduce -18.6%
PFE Pfizer Inc.	0.03%	9,781	$237K	Reduce -19.1%
AIZ Assurant Inc.	0.03%	1,200	$237K	Reduce -19.1%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.03%	3,222	$237K	Reduce -18.6%
WTW Willis Towers Watson PLC	0.03%	771	$236K	Reduce -18.8%
AON Aon PLC Class A	0.03%	658	$235K	Reduce -18.8%
FDX FedEx Corp.	0.03%	1,031	$234K	Reduce -19.3%
SNA Snap-on Inc.	0.03%	752	$234K	Reduce -18.9%
OXY Occidental Petroleum Corp.	0.03%	5,562	$234K	Reduce -19.1%
ELV Elevance Health Inc.	0.03%	600	$233K	Reduce -18.5%
STZ Constellation Brands Inc. Class A	0.03%	1,433	$233K	Reduce -18.2%
PG The Procter & Gamble Co.	0.03%	1,459	$232K	Reduce -18.9%
EQIX Equinix Inc.	0.03%	292	$232K	Reduce -18.9%
LEN Lennar Corp. Class A	0.03%	2,099	$232K	Reduce -19.1%
POOL Pool Corp.	0.03%	795	$232K	Reduce -18.6%
GIS General Mills Inc.	0.03%	4,464	$231K	Reduce -18.3%
RVTY Revvity Inc.	0.03%	2,389	$231K	Reduce -19.0%
BAX Baxter International Inc.	0.03%	7,625	$231K	Reduce -18.9%
SJM The JM Smucker Co. filed as SMUCKER J M CO	0.03%	2,350	$231K	Reduce -18.1%
BBY Best Buy Co. Inc.	0.03%	3,433	$230K	Reduce -19.2%
MHK Mohawk Industries Inc.	0.03%	2,180	$229K	Reduce -18.9%
OMC Omnicom Group	0.03%	3,176	$228K	Reduce -18.7%
LKQ LKQ Corp.	0.03%	6,159	$228K	Reduce -18.8%
COO The Cooper Cos Inc.	0.03%	3,203	$228K	Reduce -18.3%
BLDR Builders Firstsource Inc.	0.03%	1,952	$228K	Reduce -18.9%
EIX Edison International	0.03%	4,403	$227K	Reduce -18.5%
VRTX Vertex Pharmaceuticals Inc.	0.03%	510	$227K	Reduce -18.5%
DVN Devon Energy Corp.	0.03%	7,137	$227K	Reduce -19.1%
HES Hess Corp.	0.03%	1,638	$227K	Reduce -19.5%
CRL Charles River Laboratories	0.03%	1,493	$227K	Reduce -20.9%
FANG Diamondback Energy Inc.	0.03%	1,640	$225K	Reduce -19.1%
DD Dupont DE Nemours Inc.	0.03%	3,284	$225K	Reduce -19.4%
ABBV Abbvie Inc.	0.03%	1,213	$225K	Reduce -19.2%
TRGP Targa Resources Corp.	0.03%	1,292	$225K	Reduce -19.1%
CTRA Coterra Energy Inc.	0.03%	8,847	$225K	Reduce -99.2%
APA Apa Corp.	0.03%	12,266	$224K	Reduce -19.9%
DECK Deckers Outdoor Corp.	0.03%	2,175	$224K	Reduce -18.6%
CVX Chevron Corp.	0.03%	1,563	$224K	Reduce -19.4%
MAS Masco Corp.	0.03%	3,456	$222K	Reduce -19.6%
IP International Paper Co.	0.03%	4,739	$222K	Reduce -19.2%
PEP Pepsico Inc.	0.03%	1,663	$220K	Reduce -19.0%
WY Weyerhaeuser Co.	0.03%	8,547	$220K	Reduce -19.3%
UPS United Parcel Service Class B	0.03%	2,175	$220K	Reduce -19.4%
ERIE Erie Indemnity Company Class A	0.03%	632	$219K	Reduce -18.2%
BKR Baker Hughes Co.	0.03%	5,714	$219K	Reduce -19.6%
HPQ HP Inc.	0.03%	8,936	$219K	Reduce -19.1%
KHC The Kraft Heinz Co.	0.03%	8,453	$218K	Reduce -18.5%
BIIB Biogen Inc.	0.03%	1,729	$217K	Reduce -19.6%
TECH Bio-Techne Corp.	0.02%	4,204	$216K	Reduce -19.4%
AES AES Corp.	0.02%	20,482	$215K	Reduce -19.5%
CLX Clorox Company	0.02%	1,785	$214K	Reduce -18.5%
SWK Stanley Black & Decker Inc.	0.02%	3,152	$214K	Reduce -20.0%
MRNA Moderna Inc.	0.02%	7,681	$212K	Reduce -19.5%
DOC Healthpeak Properties Inc.	0.02%	12,091	$212K	Reduce -19.1%
TAP Molson Coors Beverage Co. Class B	0.02%	4,397	$211K	Reduce -18.3%
PCG P G & E Corp.	0.02%	15,091	$210K	Reduce -18.4%
CPB The Campbell's Company	0.02%	6,835	$209K	Reduce -18.4%
ZBH Zimmer Biomet Holdings Inc.	0.02%	2,296	$209K	Reduce -19.1%
OKE Oneok Inc.	0.02%	2,560	$209K	Reduce -19.3%
EMN Eastman Chemical Co.	0.02%	2,795	$209K	Reduce -19.1%
GPN Global Payments Inc.	0.02%	2,596	$208K	Reduce -20.3%
ALB Albemarle Corp.	0.02%	3,265	$205K	Reduce -20.3%
REGN Regeneron Pharmaceuticals	0.02%	386	$203K	Reduce -18.9%
MRK Merck & Co. Inc.	0.02%	2,542	$201K	Reduce -19.9%
AHCO Adapthealth Corp.	0.02%	18,132	$171K	Add +27.5%
GTX Garrett Motion Inc.	0.02%	15,768	$166K	Add +3.5%
VMD Viemed Healthcare Inc.	0.02%	23,384	$162K	Add +17.6%
JBI Janus International Group Inc.	0.02%	19,808	$161K	New
HLMN Hillman Solutions Corp.	0.02%	21,650	$155K	Add +43.9%
IMXI International Money Express	0.02%	14,179	$143K	New

Options reported separately and not counted above: SPY puts ($148.3M), AMZN calls ($17.6M), AVGO calls ($9.6M), FSLR calls ($7.4M), EWZ calls ($6.3M), BX puts ($120K).

Portfolio Sells Q1 2025 → Q2 2025


SPMD SS SPDR P S&P 400 Midcap ETF	Sold out	0.00%	−5.56
UNH Unitedhealth Group Inc.	Sold out	0.00%	−4.29
CTRA Coterra Energy Inc.	Reduce -99.2%	0.03%	−3.45
SPSM SS SPDR P S&P 600 Small Cap	Reduce -88.2%	0.39%	−2.76
META Meta Platforms Inc. Class A	Reduce -98.5%	0.04%	−1.86
ASML ASML Holding NV-NY Reg SHS	Sold out	0.00%	−1.43
RSP Invesco S&P 500 Equal Weight	Sold out	0.00%	−1.22
DFAT Dimensional US Target Value	Sold out	0.00%	−0.78
HBM Hudbay Minerals Inc.	Sold out	0.00%	−0.54
TECK Teck Resources Ltd.-CLS B	Reduce -24.0%	2.62%	−0.49
DFIV Dimensional International Va	Reduce -41.7%	0.69%	−0.40
BG Bunge Global SA	Reduce -11.8%	3.52%	−0.28
AMGN Amgen Inc.	Reduce -0.3%	2.24%	−0.27
EWZ iShares MSCI Brazil ETF	Reduce -65.1%	0.11%	−0.17
ETN Eaton Corp. PLC	Reduce -75.8%	0.04%	−0.08
HCI Hci Group Inc.	Sold out	0.00%	−0.04
ORLY O'reilly Automotive Inc.	Sold out	0.00%	−0.04
FAST Fastenal Co.	Sold out	0.00%	−0.04
BMY Bristol-Myers Squibb Co.	Sold out	0.00%	−0.04
BDX Becton Dickinson and Co.	Sold out	0.00%	−0.04
FISV Fiserv Inc.	Sold out	0.00%	−0.04
DFS Discover Financial Services	Sold out	0.00%	−0.04
ENPH Enphase Energy Inc.	Sold out	0.00%	−0.04
CAG Conagra Brands Inc.	Sold out	0.00%	−0.04
GEO The Geo Group Inc.	Sold out	0.00%	−0.04
BF.B Brown-Forman Corp. Class B	Sold out	0.00%	−0.04
HAL Halliburton Co.	Sold out	0.00%	−0.04
TPL Texas Pacific Land Corp.	Sold out	0.00%	−0.04
TMO Thermo Fisher Scientific Inc.	Sold out	0.00%	−0.04
DOW Dow Inc.	Sold out	0.00%	−0.03
LYB Lyondellbasell Indu Class A	Sold out	0.00%	−0.03
ARE Alexandria Real Estate Equit	Sold out	0.00%	−0.03
FTV Fortive Corp.	Sold out	0.00%	−0.03
LULU Lululemon Athletica Inc.	Sold out	0.00%	−0.03
AGX Argan Inc.	Sold out	0.00%	−0.03
WLDN Willdan Group Inc.	Sold out	0.00%	−0.02
DNOW Dnow Inc.	Sold out	0.00%	−0.02
BRK.B Berkshire Hathaway Inc. Class B	Reduce -32.1%	0.03%	−0.02
CPB The Campbell's Company	Reduce -18.4%	0.02%	−0.01
TAP Molson Coors Beverage Co. Class B	Reduce -18.3%	0.02%	−0.01
ZBH Zimmer Biomet Holdings Inc.	Reduce -19.1%	0.02%	−0.01
GPN Global Payments Inc.	Reduce -20.3%	0.02%	−0.01
SJM The JM Smucker Co.	Reduce -18.1%	0.03%	−0.01
CLX Clorox Company	Reduce -18.5%	0.02%	−0.01
PCG P G & E Corp.	Reduce -18.4%	0.02%	−0.01
OXY Occidental Petroleum Corp.	Reduce -19.1%	0.03%	−0.01
OKE Oneok Inc.	Reduce -19.3%	0.02%	−0.01
COP Conocophillips	Reduce -18.6%	0.03%	−0.01
ERIE Erie Indemnity Company Class A	Reduce -18.2%	0.03%	−0.01
VYX NCR Voyix Corp.	Sold out	0.00%	−0.01

Portfolio Buys Q1 2025 → Q2 2025


FERG Ferguson Enterprises Inc.	New	6.71%	+6.71
PGR Progressive Corp.	Add +68.5%	18.12%	+6.70
AER Aercap Holdings NV	Add +62.8%	11.33%	+5.25
IQV Iqvia Holdings Inc.	Add +5035.1%	1.54%	+1.51
MSFT Microsoft Corp.	Add +18.6%	3.60%	+1.31
VST Vistra Corp.	Add +50.6%	2.09%	+1.25
LII Lennox International Inc.	New	0.03%	+0.03
JBI Janus International Group Inc.	New	0.02%	+0.02
IMXI International Money Express	New	0.02%	+0.02
GTX Garrett Motion Inc.	Add +3.5%	0.02%	+0.00
HLMN Hillman Solutions Corp.	Add +43.9%	0.02%	+0.00
AHCO Adapthealth Corp.	Add +27.5%	0.02%	+0.00
VMD Viemed Healthcare Inc.	Add +17.6%	0.02%	+0.00
SLB SLB Ltd.	Add +9.4%	1.74%	−0.23

Options Activity Q1 2025 → Q2 2025


SPY SS SPDR S&P 500 ETF Trust-US	put	New	240,000	$148.3M
AMZN Amazon.com Inc.	call	New	80,000	$17.6M
AVGO Broadcom Inc.	call	Reduce -30.0%	35,000	$9.6M
GOOGL Alphabet Inc. Class A	call	Sold out	50,000	$7.7Mbefore exit
EWZ iShares MSCI Brazil ETF	call	Reduce -59.9%	220,100	$6.3M
AMGN Amgen Inc.	call	Sold out	6,500	$2.0Mbefore exit
TECK Teck Resources Ltd.-CLS B	call	Sold out	11,100	$404Kbefore exit
ASML ASML Holding NV-NY Reg SHS	call	Sold out	500	$331Kbefore exit

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

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	25	$925.7M	PGR, AER, AMZN, FERG, MDLN
Q1 2026	24	$835.2M	PGR, AER, AMZN, FERG, MDLN
Q4 2025	27	$957.2M	PGR, AER, AMZN, FERG, MDLN
Q3 2025	36	$750.7M	PGR, AER, AMZN, FERG, VEA
Q2 2025	497	$868.8M	PGR, AER, FERG, AMZN, VEA
Q1 2025Amended	523	$867.8M	PGR, AER, SPMD, UNH, AMZN
Q4 2024	58	$843.9M	TECK, PGR, CTRA, DFAT, BG
Q3 2024	534	$1.2B	TECK, SPSM, CCJ, CTRA, BG
Q2 2024	671	$4.8B	MSFT, AAPL, NVDA, RSP, AMZN
Q1 2024	268	$1.6B	RSP, TECK, XLV, BG, EWZ