Millennium Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Israel Englander's Millennium Management reported 3,799 stock positions worth $108.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 3.6% of the portfolio, followed by iShares Bitcoin Trust ETF (IBIT, 1.2%) and Nvidia (NVDA, 1.2%). Compared with Q1 2025, it opened 462 new positions, sold out of 440, added to 1,692 and reduced 1,621. The biggest buy was AppLovin Class A (APP, shares +819%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −33%).
- Most Recent 13F
- Q2 2026
- Notable People
- Israel Englander
- Location
- NEW YORK, NY
- CIK
- 0001273087
- Portfolio Value
- $108.0B (Q2 2025)
- SEC Filing
- 0001273087-25-000028 ↗ filed Aug 14, 2025
Holdings Value
Holdings 3,799 stocks · $108.0B
| IVV iShares Core S&P 500 ETF | 3.61% | 6,281,763 | $3.9B | Reduce -32.5% |
| IBIT iShares Bitcoin Trust ETF | 1.21% | 21,434,338 | $1.3B | Add +21.9% |
| NVDA Nvidia Corp. | 1.18% | 8,075,059 | $1.3B | Reduce -12.6% |
| MSFT Microsoft Corp. | 1.06% | 2,310,420 | $1.1B | Add +25.1% |
| AMZN Amazon.com Inc. | 0.92% | 4,536,051 | $995.2M | Reduce -0.5% |
| APP AppLovin Corp. Class A | 0.84% | 2,597,928 | $909.5M | Add +818.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.73% | 1,273,926 | $787.1M | Add +1912.8% |
| PLTR Palantir Technologies Inc. Class A | 0.63% | 5,009,207 | $682.9M | Add +281.6% |
| FBTC Fidelity Wise Origin Bitcoin | 0.61% | 7,032,206 | $661.0M | Add +1.1% |
| ISRG Intuitive Surgical Inc. | 0.50% | 987,851 | $536.8M | Add +24.0% |
| EW Edwards Lifesciences Corp. | 0.48% | 6,682,000 | $522.6M | Add +94.0% |
| TRI Thomson Reuters Corp. | 0.47% | 2,536,873 | $510.2M | Add +183.7% |
| MA Mastercard Inc. Class A | 0.47% | 906,734 | $509.5M | Add +32.2% |
| HES Hess Corp. | 0.44% | 3,451,615 | $478.2M | Add +48.2% |
| MSCI MSCI Inc. | 0.44% | 815,767 | $470.5M | Add +18.2% |
| ABBV Abbvie Inc. | 0.42% | 2,446,607 | $454.1M | Add +415.9% |
| GOOG Alphabet Inc. Class C | 0.41% | 2,523,102 | $447.6M | Add +31.9% |
| LLY Eli Lilly & Co. | 0.41% | 570,892 | $445.0M | Reduce -16.2% |
| BSX Boston Scientific Corp. | 0.41% | 4,636,019 | $444.2M | Reduce -44.4% |
| META Meta Platforms Inc. Class A | 0.40% | 587,865 | $433.9M | Reduce -62.4% |
| ORCL Oracle Corp. | 0.40% | 1,976,844 | $432.2M | Add +119.1% |
| UNP Union Pacific Corp. | 0.39% | 1,808,705 | $416.1M | Add +1559.4% |
| AAPL Apple Inc. | 0.38% | 2,001,957 | $410.7M | Add +5.9% |
| BA The Boeing Co. | 0.38% | 1,947,495 | $408.1M | Add +39.7% |
| WMT Walmart Inc. | 0.37% | 4,037,373 | $394.8M | Add +95.7% |
| ICE Intercontinental Exchange Inc. | 0.36% | 2,140,582 | $392.7M | Add +39.0% |
| JPM JPMorgan Chase & Co. | 0.35% | 1,320,691 | $382.9M | Add +257.1% |
| GOOGL Alphabet Inc. Class A | 0.35% | 2,170,344 | $382.5M | Reduce -36.4% |
| LNG Cheniere Energy Inc. | 0.34% | 1,519,614 | $370.1M | Add +48.9% |
| CRH CRH PLC | 0.34% | 3,970,292 | $364.5M | Add +152.7% |
| DHR Danaher Corp. | 0.33% | 1,826,338 | $360.8M | Reduce -7.5% |
| MDT Medtronic PLC | 0.32% | 4,022,565 | $350.6M | Add +333.4% |
| MUSA Murphy USA Inc. | 0.32% | 845,793 | $344.1M | Add +495.5% |
| TPG TPG Inc. | 0.32% | 6,546,621 | $343.4M | Add +3688.8% |
| PFE Pfizer Inc. | 0.31% | 13,993,591 | $339.2M | Add +87.6% |
| FE Firstenergy Corp. | 0.31% | 8,407,932 | $338.5M | Add +21.6% |
| EVR Evercore Inc. Class A | 0.31% | 1,246,759 | $336.6M | Add +104.4% |
| CVE Cenovus Energy Inc. | 0.30% | 23,611,873 | $321.1M | Reduce -7.8% |
| AMG Affiliated Managers Group | 0.29% | 1,569,326 | $308.8M | Add +24.0% |
| PM Philip Morris International | 0.29% | 1,692,192 | $308.2M | Add +75.9% |
| FHN First Horizon Corp. | 0.28% | 14,489,078 | $307.2M | Reduce -12.2% |
| DDOG Datadog Inc. Class A | 0.27% | 2,135,449 | $286.9M | Add +179.4% |
| HOOD Robinhood Markets Inc. Class A | 0.26% | 3,048,178 | $285.4M | Add +460.3% |
| JCI Johnson Controls Internation | 0.26% | 2,681,468 | $283.2M | Reduce -30.4% |
| CVS CVS Health Corp. | 0.26% | 4,066,670 | $280.5M | Add +9.1% |
| CBRE CBRE Group Inc. Class A | 0.26% | 1,972,386 | $276.4M | Add +590.9% |
| ANSS Ansys Inc. | 0.25% | 777,225 | $273.0M | Add +45.5% |
| LMT Lockheed Martin Corp. | 0.25% | 586,740 | $271.7M | Add +5.3% |
| KO The Coca-Cola Co. | 0.25% | 3,829,844 | $271.0M | Add +111.2% |
| PCG P G & E Corp. | 0.25% | 19,394,977 | $270.4M | Add +49.5% |
| COF Capital One Financial Corp. | 0.25% | 1,269,429 | $270.1M | Reduce -51.6% |
| DY Dycom Industries Inc. | 0.25% | 1,095,359 | $267.7M | Reduce -26.1% |
| INFY Infosys Ltd.-SP ADR | 0.24% | 14,024,924 | $259.9M | Add +53.2% |
| NVT Nvent Electric PLC | 0.24% | 3,523,267 | $258.1M | Add +125.2% |
| MORN Morningstar Inc. | 0.24% | 811,158 | $254.6M | Add +50.0% |
| C Citigroup Inc. | 0.23% | 2,971,882 | $253.0M | Add +36.0% |
| CRM Salesforce Inc. | 0.23% | 902,523 | $246.1M | Add +89.0% |
| STEP Stepstone Group Inc. Class A | 0.23% | 4,397,926 | $244.1M | Add +48.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 1,067,106 | $241.7M | Add +31.7% |
| APH Amphenol Corp. Class A | 0.22% | 2,416,955 | $238.7M | Add +569.9% |
| ARGX Argenx SE - ADR | 0.22% | 429,844 | $236.9M | Add +60.0% |
| CMA Comerica Inc. | 0.22% | 3,931,096 | $234.5M | Reduce -18.9% |
| BABA Alibaba Group Holding-SP ADR | 0.22% | 2,060,535 | $233.7M | Add +29.6% |
| CAT Caterpillar Inc. | 0.22% | 599,309 | $232.7M | Add +180.2% |
| FISV Fiserv Inc. | 0.21% | 1,320,688 | $227.7M | Add +51773.1% |
| PEG Public Service Enterprise GP | 0.21% | 2,693,394 | $226.7M | Add +77.9% |
| ADBE Adobe Inc. | 0.21% | 581,367 | $224.9M | Reduce -6.0% |
| ETR Entergy Corp. | 0.21% | 2,704,189 | $224.8M | Reduce -7.6% |
| LIN Linde PLC | 0.21% | 478,410 | $224.5M | Reduce -45.9% |
| KKR KKR & Co. Inc. | 0.21% | 1,686,017 | $224.3M | Reduce -1.5% |
| JHG Janus Henderson Group PLC | 0.20% | 5,696,601 | $221.3M | Add +13.1% |
| ANET Arista Networks Inc. | 0.20% | 2,156,110 | $220.6M | Reduce -33.7% |
| PGR Progressive Corp. | 0.20% | 818,195 | $218.3M | Add +274.0% |
| NFLX Netflix Inc. | 0.20% | 162,616 | $217.8M | Reduce -47.5% |
| TEAM Atlassian Corp. Class A | 0.20% | 1,067,446 | $216.8M | Add +3.0% |
| GLW Corning Inc. | 0.20% | 4,114,594 | $216.4M | Add +31.2% |
| CAH Cardinal Health Inc. | 0.20% | 1,277,735 | $214.7M | Reduce -9.1% |
| INSM Insmed Inc. | 0.20% | 2,121,717 | $213.5M | Add +212.4% |
| PG The Procter & Gamble Co. | 0.19% | 1,307,339 | $208.3M | Add +980.4% |
| MKC McCormick & Co.-Non VTG SHRS | 0.19% | 2,743,852 | $208.0M | Add +108.6% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.19% | 2,113,483 | $207.5M | Add +518.4% |
| SF Stifel Financial Corp. | 0.19% | 1,998,005 | $207.4M | Add +204.4% |
| BITB Bitwise Bitcoin ETF | 0.19% | 3,515,698 | $206.0M | Reduce -1.8% |
| CMCSA Comcast Corp. Class A | 0.18% | 5,507,248 | $196.6M | Add +182.3% |
| TAC Transalta Corp. | 0.18% | 18,223,393 | $196.5M | Add +10.7% |
| IPG Interpublic Group of Cos Inc. | 0.18% | 7,875,987 | $192.8M | Add +226.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 347,838 | $191.9M | Reduce -57.4% |
| XYZ Block Inc. | 0.18% | 2,810,396 | $190.9M | Add +186.0% |
| CMG Chipotle Mexican Grill Inc. | 0.18% | 3,390,474 | $190.4M | Add +65.4% |
| LRCX Lam Research Corp. | 0.17% | 1,939,007 | $188.7M | Reduce -10.3% |
| ES Eversource Energy | 0.17% | 2,958,544 | $188.2M | Add +512.9% |
| T AT&T Inc. | 0.17% | 6,495,852 | $188.0M | Add +42.0% |
| COOP Mr Cooper Group Inc. | 0.17% | 1,258,563 | $187.8M | Add +9128.4% |
| HD Home Depot Inc. | 0.17% | 501,489 | $183.9M | Reduce -45.8% |
| MTZ Mastec Inc. | 0.17% | 1,077,822 | $183.7M | Add +13.9% |
| ZTS Zoetis Inc. | 0.17% | 1,174,805 | $183.2M | Add +115.8% |
| KR Kroger Co. | 0.17% | 2,551,462 | $183.0M | Add +715.5% |
| TMUS T-Mobile US Inc. | 0.17% | 767,015 | $182.7M | Reduce -7.4% |
| CLX Clorox Company | 0.17% | 1,495,414 | $179.6M | Add +153.5% |
| CSCO Cisco Systems Inc. | 0.17% | 2,587,352 | $179.5M | Add +110.8% |
Options reported separately and not counted above: IWM puts ($5.0B), NVDA puts ($4.6B), QQQ calls ($4.3B), QQQ puts ($3.6B), MSFT puts ($3.0B), SPY puts ($2.5B), AMZN puts ($2.5B), IWM calls ($2.2B), META puts ($2.1B), SPY calls ($1.9B), MSFT calls ($1.7B), NVDA calls ($1.6B), and 1862 more.
Other holdings (132): bonds, preferreds, convertibles and warrants · $3.5B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 163,000,000 | $292.8M | Add +328.9% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 134,602,000 | $238.9M | Reduce -13.2% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 87,794,000 | $112.0M | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 99,380,000 | $98.9M | Add +20.2% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 99,474,000 | $98.9M | Reduce -5.8% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 44,690,000 | $96.1M | New |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 94,306,000 | $89.2M | Reduce -8.1% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 90,500,000 | $88.9M | Reduce -6.7% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 67,440,000 | $80.5M | Add +3.0% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 60,000,000 | $75.8M | Reduce -13.5% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 73,145,000 | $74.6M | Add +50.3% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 71,167,000 | $69.1M | Reduce -15.4% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 43,253,000 | $64.3M | Add +534.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 60,000,000 | $59.3M | Add +71.4% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 51,500,000 | $58.8M | Add +37.3% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 40,000,000 | $55.3M | New |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 55,395,000 | $55.0M | Add +98.5% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 47,500,000 | $53.4M | Reduce -5.0% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 48,285,000 | $53.0M | Reduce -21.2% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 53,210,000 | $52.8M | Add +1334.2% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 49,765,000 | $49.8M | New |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 52,603,000 | $49.2M | Add +8.2% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 50,500,000 | $48.4M | Add +38.4% |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 30,000,000 | $47.5M | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 45,800,000 | $46.5M | Add +120.2% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 47,569,000 | $44.5M | Add +112.1% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 40,143,000 | $38.1M | Add +19.3% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 33,000,000 | $37.6M | Add +340.0% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 29,742,000 | $36.7M | Reduce -24.2% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 36,250,000 | $36.3M | No change |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 32,000,000 | $36.0M | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 36,449,000 | $35.9M | Add +76.1% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 37,468,000 | $35.0M | Reduce -20.8% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 38,619,000 | $34.8M | Add +312.9% |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | 35,400,000 | $34.5M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 27,000,000 | $34.3M | No change |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 30,000,000 | $33.3M | New |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 30,000,000 | $30.0M | Add +50.0% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 27,736,000 | $28.9M | Reduce -45.9% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 28,000,000 | $27.9M | No change |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 28,400,000 | $27.6M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 20,000,000 | $26.3M | Reduce -9.1% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 33,057,000 | $26.2M | Reduce -8.3% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 26,800,000 | $26.1M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 20,000,000 | $26.0M | New |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 15,750,000 | $26.0M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 17,500,000 | $25.0M | Add +9.4% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 25,000,000 | $24.9M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 27,000,000 | $24.3M | Reduce -3.5% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 25,000,000 | $24.1M | Add +51.5% |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 18,000,000 | $23.7M | New |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 24,126,000 | $23.0M | Reduce -31.3% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 301,248 | $20.6M | Add +50.6% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 20,500,000 | $19.6M | No change |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 20,067,000 | $18.6M | Add +81.3% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 11,900,000 | $18.3M | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 12,165,000 | $18.1M | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 16,000,000 | $17.6M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 19,378,000 | $17.4M | Add +22.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 16,019,000 | $16.7M | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 25,750,000 | $16.3M | Reduce -11.2% |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 17,000,000 | $16.2M | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 16,778,000 | $16.1M | Reduce -4.1% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 19,218,000 | $14.9M | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 12,000,000 | $14.4M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 13,300,000 | $13.9M | Add +177.1% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 11,500,000 | $13.7M | Reduce -8.0% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 10,000,000 | $13.5M | Reduce -57.5% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 10,000,000 | $13.4M | No change |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 13,000,000 | $13.1M | New |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 21,280,000 | $12.6M | Reduce -16.6% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 10,000,000 | $12.5M | No change |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 12,000,000 | $12.4M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 12,000,000 | $12.1M | Reduce -79.1% |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 6,424,000 | $11.8M | New |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 16,405,000 | $11.7M | Add +43.8% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 11,700,000 | $11.6M | No change |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 10,800,000 | $11.3M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 3,750,000 | $10.5M | Reduce -62.5% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 86,533 | $10.0M | New |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 7,000,000 | $9.9M | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 10,000,000 | $9.9M | Reduce -28.6% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 10,000,000 | $9.8M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 9,000,000 | $9.6M | Add +0.7% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 10,000,000 | $9.5M | Reduce -72.6% |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | 10,000,000 | $8.9M | No change |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 9,000,000 | $8.5M | No change |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 6,915,000 | $8.2M | Reduce -81.1% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 7,500,000 | $8.1M | New |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 10,000,000 | $7.4M | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 6,500,000 | $7.2M | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 6,290,000 | $6.7M | Reduce -37.1% |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 7,000,000 | $6.7M | Reduce -44.0% |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 8,879,000 | $6.1M | Add +8.7% |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | NOTE 1.500% 9/1 · principal | 5,000,000 | $5.8M | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 5,000,000 | $5.7M | New |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 5,000,000 | $5.6M | Add +4900.0% |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 4,500,000 | $5.6M | Add +2150.0% |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 6,188,000 | $5.5M | Reduce -39.3% |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 5,000,000 | $5.0M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 5,000,000 | $4.7M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 4,000,000 | $4.3M | New |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 3,150,000 | $4.1M | New |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 383,592 | $3.1M | New |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 2,500,000 | $2.8M | New |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 2,714,000 | $2.6M | Reduce -15.5% |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 2,000,000 | $2.6M | New |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | 5,250,000 | $2.3M | No change |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 2,000,000 | $2.0M | Reduce -70.1% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 1,500,000 | $1.9M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 2,000,000 | $1.8M | Reduce -96.2% |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 1,895,000 | $1.7M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 2,000,000 | $1.7M | Reduce -93.0% |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 9,500,000 | $766K | Reduce -5.0% |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 1,300,000 | $408K | Add +116.7% |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 579,862 | $231K | New |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 225,000 | $203K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 164,000 | $197K | New |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 135,000 | $180K | New |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 755,000 | $174K | New |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 500,000 | $120K | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 96,000 | $111K | New |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 500,000 | $100K | New |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 500,000 | $100K | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 75,200 | $89K | Add +97.6% |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 499,700 | $80K | No change |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 562,000 | $79K | No change |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 450,000 | $77K | No change |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 260,000 | $70K | New |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 200,000 | $56K | Reduce -66.7% |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 200,000 | $54K | New |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 32,600 | $36K | No change |
Total filed on the 13F, all lines: $111.6B.
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -32.5% | 3.61% | −1.64 |
| BAC Bank of America Corp. | Reduce -82.5% | 0.13% | −0.59 |
| WFC Wells Fargo & Co. | Reduce -87.0% | 0.09% | −0.57 |
| META Meta Platforms Inc. Class A | Reduce -62.4% | 0.40% | −0.50 |
| UNH Unitedhealth Group Inc. | Reduce -69.9% | 0.09% | −0.44 |
| MS Morgan Stanley | Reduce -87.9% | 0.07% | −0.43 |
| SCHW Schwab (charles) Corp. | Reduce -73.9% | 0.15% | −0.39 |
| BSX Boston Scientific Corp. | Reduce -44.4% | 0.41% | −0.38 |
| AVGO Broadcom Inc. | Reduce -84.0% | 0.12% | −0.38 |
| FICO Fair Isaac Corp. | Reduce -93.8% | 0.02% | −0.29 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.28 |
| SPGI S&P Global Inc. | Reduce -92.0% | 0.02% | −0.28 |
| EQIX Equinix Inc. | Reduce -57.1% | 0.16% | −0.26 |
| TSLA Tesla Inc. | Reduce -90.8% | 0.03% | −0.26 |
| MRK Merck & Co. Inc. | Reduce -71.9% | 0.07% | −0.25 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.24 |
| DTE DTE Energy Company | Reduce -94.9% | 0.01% | −0.24 |
| FNF Fidelity National Financial | Reduce -88.1% | 0.02% | −0.22 |
| COF Capital One Financial Corp. | Reduce -51.6% | 0.25% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -66.7% | 0.09% | −0.22 |
| AMAT Applied Materials Inc. | Reduce -78.9% | 0.07% | −0.21 |
| EQT Eqt Corp. | Reduce -79.2% | 0.06% | −0.21 |
| GILD Gilead Sciences Inc. | Reduce -69.9% | 0.08% | −0.21 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -57.4% | 0.18% | −0.21 |
| CG The Carlyle Group Inc. | Reduce -71.1% | 0.09% | −0.21 |
| LIN Linde PLC | Reduce -45.9% | 0.21% | −0.21 |
| KEY Keycorp | Reduce -72.0% | 0.08% | −0.20 |
| BLK BlackRock Inc. | Reduce -88.9% | 0.02% | −0.19 |
| HDB HDFC Bank Ltd.-ADR | Reduce -71.0% | 0.08% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -36.4% | 0.35% | −0.18 |
| INTU Intuit Inc. | Reduce -67.2% | 0.11% | −0.18 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.17 |
| HD Home Depot Inc. | Reduce -45.8% | 0.17% | −0.17 |
| INTC Intel Corp. | Reduce -51.7% | 0.13% | −0.17 |
| AON Aon PLC Class A | Reduce -98.3% | 0.00% | −0.17 |
| FTNT Fortinet Inc. | Reduce -96.9% | 0.01% | −0.16 |
| CL Colgate-Palmolive Co. | Reduce -74.3% | 0.05% | −0.15 |
| LLY Eli Lilly & Co. | Reduce -16.2% | 0.41% | −0.15 |
| XEL Xcel Energy Inc. | Reduce -86.3% | 0.02% | −0.15 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.15 |
| LDOS Leidos Holdings Inc. | Reduce -81.2% | 0.04% | −0.15 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.15 |
| GWW WW Grainger Inc. | Reduce -94.0% | 0.01% | −0.15 |
| BKNG Booking Holdings Inc. | Reduce -90.9% | 0.02% | −0.15 |
| IWM iShares Russell 2000 ETF | Reduce -90.4% | 0.02% | −0.15 |
| EXC Exelon Corp. | Reduce -95.3% | 0.01% | −0.14 |
| YUM Yum! Brands Inc. | Reduce -86.2% | 0.02% | −0.14 |
| MU Micron Technology Inc. | Reduce -83.8% | 0.04% | −0.14 |
| FAF First American Financial | Reduce -56.9% | 0.08% | −0.13 |
| PYPL PayPal Holdings Inc. | Reduce -64.9% | 0.07% | −0.13 |
Portfolio Buys Q1 2025 → Q2 2025
| APP AppLovin Corp. Class A | Add +818.6% | 0.84% | +0.77 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1912.8% | 0.73% | +0.69 |
| PLTR Palantir Technologies Inc. Class A | Add +281.6% | 0.63% | +0.52 |
| IBIT iShares Bitcoin Trust ETF | Add +21.9% | 1.21% | +0.39 |
| MSFT Microsoft Corp. | Add +25.1% | 1.06% | +0.37 |
| UNP Union Pacific Corp. | Add +1559.4% | 0.39% | +0.36 |
| ABBV Abbvie Inc. | Add +415.9% | 0.42% | +0.32 |
| TRI Thomson Reuters Corp. | Add +183.7% | 0.47% | +0.32 |
| TPG TPG Inc. | Add +3688.8% | 0.32% | +0.31 |
| ORCL Oracle Corp. | Add +119.1% | 0.40% | +0.27 |
| JPM JPMorgan Chase & Co. | Add +257.1% | 0.35% | +0.26 |
| MUSA Murphy USA Inc. | Add +495.5% | 0.32% | +0.25 |
| HOOD Robinhood Markets Inc. Class A | Add +460.3% | 0.26% | +0.24 |
| MDT Medtronic PLC | Add +333.4% | 0.32% | +0.24 |
| EW Edwards Lifesciences Corp. | Add +94.0% | 0.48% | +0.23 |
| CBRE CBRE Group Inc. Class A | Add +590.9% | 0.26% | +0.22 |
| FISV Fiserv Inc. | Add +51773.1% | 0.21% | +0.21 |
| CRH CRH PLC | Add +152.7% | 0.34% | +0.20 |
| APH Amphenol Corp. Class A | Add +569.9% | 0.22% | +0.20 |
| DDOG Datadog Inc. Class A | Add +179.4% | 0.27% | +0.19 |
| EVR Evercore Inc. Class A | Add +104.4% | 0.31% | +0.19 |
| WMT Walmart Inc. | Add +95.7% | 0.37% | +0.18 |
| COOP Mr Cooper Group Inc. | Add +9128.4% | 0.17% | +0.17 |
| PG The Procter & Gamble Co. | Add +980.4% | 0.19% | +0.17 |
| NVT Nvent Electric PLC | Add +125.2% | 0.24% | +0.16 |
| SJM The JM Smucker Co. | Add +518.4% | 0.19% | +0.15 |
| KR Kroger Co. | Add +715.5% | 0.17% | +0.15 |
| INSM Insmed Inc. | Add +212.4% | 0.20% | +0.15 |
| CAT Caterpillar Inc. | Add +180.2% | 0.22% | +0.14 |
| ES Eversource Energy | Add +512.9% | 0.17% | +0.14 |
| PGR Progressive Corp. | Add +274.0% | 0.20% | +0.14 |
| BA The Boeing Co. | Add +39.7% | 0.38% | +0.14 |
| TJX TJX Companies Inc. | Add +980.6% | 0.15% | +0.13 |
| PM Philip Morris International | Add +75.9% | 0.29% | +0.13 |
| SF Stifel Financial Corp. | Add +204.4% | 0.19% | +0.13 |
| BFAM Bright Horizons Family Solut | Add +754.3% | 0.15% | +0.13 |
| GIS General Mills Inc. | Add +6139.1% | 0.13% | +0.13 |
| PFE Pfizer Inc. | Add +87.6% | 0.31% | +0.12 |
| ADM Archer-Daniels-Midland Co. | Add +25668.2% | 0.12% | +0.12 |
| VZ Verizon Communications Inc. | New | 0.12% | +0.12 |
| XYZ Block Inc. | Add +186.0% | 0.18% | +0.12 |
| KO The Coca-Cola Co. | Add +111.2% | 0.25% | +0.12 |
| MCHP Microchip Technology Inc. | Add +237.5% | 0.15% | +0.12 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +174.2% | 0.16% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +31.9% | 0.41% | +0.11 |
| IPG Interpublic Group of Cos Inc. | Add +226.2% | 0.18% | +0.11 |
| BALL Ball Corp. | Add +1069.9% | 0.12% | +0.11 |
| CMCSA Comcast Corp. Class A | Add +182.3% | 0.18% | +0.11 |
| ABNB Airbnb Inc. Class A | Add +226.5% | 0.16% | +0.11 |
| FBTC Fidelity Wise Origin Bitcoin | Add +1.1% | 0.61% | +0.11 |
Options Activity Q1 2025 → Q2 2025
| IWM iShares Russell 2000 ETF | put | Reduce -8.7% | 23,346,800 | $5.0B |
| NVDA Nvidia Corp. | put | Add +13.9% | 29,053,600 | $4.6B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +95.1% | 7,764,000 | $4.3B |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -23.7% | 6,456,300 | $3.6B |
| MSFT Microsoft Corp. | put | Add +10.5% | 6,072,000 | $3.0B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -20.4% | 4,029,800 | $2.5B |
| AMZN Amazon.com Inc. | put | Add +7.3% | 11,280,100 | $2.5B |
| IWM iShares Russell 2000 ETF | call | Reduce -4.8% | 10,217,700 | $2.2B |
| META Meta Platforms Inc. Class A | put | Add +17.2% | 2,890,200 | $2.1B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +149.5% | 3,108,700 | $1.9B |
| MSFT Microsoft Corp. | call | Add +53.9% | 3,498,000 | $1.7B |
| NVDA Nvidia Corp. | call | Reduce -13.2% | 9,812,000 | $1.6B |
| AAPL Apple Inc. | put | Reduce -25.6% | 6,104,100 | $1.3B |
| AMZN Amazon.com Inc. | call | Add +17.2% | 5,593,300 | $1.2B |
| AAPL Apple Inc. | call | Add +3.9% | 5,969,900 | $1.2B |
| NFLX Netflix Inc. | put | Add +75.8% | 882,800 | $1.2B |
| TSLA Tesla Inc. | put | Reduce -18.6% | 3,630,400 | $1.2B |
| GOOGL Alphabet Inc. Class A | put | Reduce -32.8% | 5,815,200 | $1.0B |
| AMD Advanced Micro Devices | put | Add +5.8% | 6,821,900 | $968.0M |
| META Meta Platforms Inc. Class A | call | Reduce -14.6% | 1,262,900 | $932.1M |
| XLF SS Financial Select Sector | put | Add +43.0% | 17,726,300 | $928.3M |
| EEM iShares MSCI Emerging Market | put | Add +51.1% | 19,182,500 | $925.4M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -23.4% | 11,446,400 | $923.2M |
| AVGO Broadcom Inc. | put | Reduce -38.6% | 3,117,200 | $859.3M |
| TSLA Tesla Inc. | call | Reduce -28.0% | 2,558,600 | $812.8M |
| DIA SS SPDR Dow Jones Indus Avg | put | Add +64.1% | 1,631,500 | $718.9M |
| CRH CRH PLC | call | Sold out | 100,200 | $671.0Mbefore exit |
| BAC Bank of America Corp. | put | Add +72.0% | 13,365,800 | $632.5M |
| AVGO Broadcom Inc. | call | Reduce -23.2% | 2,065,400 | $569.3M |
| XLK SS Technology Select Sector | put | Add +21.1% | 1,970,200 | $498.9M |
| EEM iShares MSCI Emerging Market | call | Add +90.5% | 9,692,800 | $467.6M |
| XLF SS Financial Select Sector | call | Reduce -8.8% | 8,843,300 | $463.1M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | Add +2291.1% | 4,170,100 | $457.1M |
| FXI iShares China Large-Cap ETF | put | Add +10.3% | 12,138,900 | $446.2M |
| XLE SS Energy Select Sector | put | Reduce -45.0% | 5,192,000 | $440.3M |
| FXI iShares China Large-Cap ETF | call | Add +52.8% | 11,501,200 | $422.8M |
| C Citigroup Inc. | call | Add +666.9% | 4,964,800 | $422.6M |
| GOOGL Alphabet Inc. Class A | call | Reduce -10.7% | 2,392,900 | $421.7M |
| AMD Advanced Micro Devices | call | Add +14.8% | 2,969,800 | $421.4M |
| GOOG Alphabet Inc. Class C | put | Reduce -10.4% | 2,179,500 | $386.6M |
| MSTR Strategy Inc. | put | Add +11.2% | 911,200 | $368.3M |
| UBER Uber Technologies Inc. | put | Reduce -4.3% | 3,621,900 | $337.9M |
| PLTR Palantir Technologies Inc. Class A | put | Add +41.4% | 2,477,500 | $337.7M |
| XLU St Sr Utl SL SE SPDR ETF-Usd | put | Reduce -6.1% | 4,063,000 | $331.8M |
| ADBE Adobe Inc. | put | Add +2.7% | 838,600 | $324.4M |
| DIS The Walt Disney Co. | put | Add +73.7% | 2,591,400 | $321.4M |
| V Visa Inc. Class A | put | Add +3.3% | 903,200 | $320.7M |
| SMH Vaneck Semiconductor ETF | call | Add +24.1% | 1,146,100 | $319.6M |
| WFC Wells Fargo & Co. | put | Add +23.5% | 3,908,900 | $313.2M |
| XLE SS Energy Select Sector | call | Add +87.1% | 3,671,200 | $311.4M |
Showing the first 50 of 1,922.
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
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +328.9% | 163,000,000 | $292.8M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -13.2% | 134,602,000 | $238.9M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 59,985,000 | $147.5Mbefore exit |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 87,794,000 | $112.0M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Add +20.2% | 99,380,000 | $98.9M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Reduce -5.8% | 99,474,000 | $98.9M |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | New | 44,690,000 | $96.1M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Reduce -8.1% | 94,306,000 | $89.2M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Reduce -6.7% | 90,500,000 | $88.9M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Sold out | 48,647,000 | $85.0Mbefore exit |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Add +3.0% | 67,440,000 | $80.5M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -13.5% | 60,000,000 | $75.8M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +50.3% | 73,145,000 | $74.6M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Reduce -15.4% | 71,167,000 | $69.1M |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Sold out | 56,250,000 | $64.4Mbefore exit |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Add +534.8% | 43,253,000 | $64.3M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +71.4% | 60,000,000 | $59.3M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +37.3% | 51,500,000 | $58.8M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | New | 40,000,000 | $55.3M |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | Add +98.5% | 55,395,000 | $55.0M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Reduce -5.0% | 47,500,000 | $53.4M |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | Reduce -21.2% | 48,285,000 | $53.0M |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | Add +1334.2% | 53,210,000 | $52.8M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | New | 49,765,000 | $49.8M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +8.2% | 52,603,000 | $49.2M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Sold out | 47,000,000 | $48.8Mbefore exit |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Add +38.4% | 50,500,000 | $48.4M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +120.2% | 45,800,000 | $46.5M |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Add +112.1% | 47,569,000 | $44.5M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +19.3% | 40,143,000 | $38.1M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Sold out | 40,000,000 | $37.7Mbefore exit |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Add +340.0% | 33,000,000 | $37.6M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -24.2% | 29,742,000 | $36.7M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Add +76.1% | 36,449,000 | $35.9M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 32,950,000 | $35.7Mbefore exit |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Reduce -20.8% | 37,468,000 | $35.0M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +312.9% | 38,619,000 | $34.8M |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | Sold out | 33,000,000 | $34.7Mbefore exit |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 30,000,000 | $33.3M |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | Sold out | 14,000,000 | $33.2Mbefore exit |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Sold out | 26,969,548 | $30.3Mbefore exit |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Add +50.0% | 30,000,000 | $30.0M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Reduce -45.9% | 27,736,000 | $28.9M |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | Sold out | 26,544,000 | $26.4Mbefore exit |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -9.1% | 20,000,000 | $26.3M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Reduce -8.3% | 33,057,000 | $26.2M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | New | 20,000,000 | $26.0M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +9.4% | 17,500,000 | $25.0M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | New | 25,000,000 | $24.9M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Sold out | 25,000,000 | $24.5Mbefore exit |
Showing the first 50 of 144.
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 | 3,648 | $142.5B | IVV, SPY, SPCX, NVDA, NSC |
| Q1 2026 | 3,694 | $127.5B | IVV, NVDA, SPYM, NSC, WBD |
| Q4 2025 | 3,923 | $134.7B | IVV, WMT, NVDA, SPY, IBIT |
| Q3 2025 | 3,844 | $122.0B | IVV, NVDA, AAPL, MSFT, IBIT |
| Q2 2025 | 3,799 | $108.0B | IVV, IBIT, NVDA, MSFT, AMZN |
| Q1 2025 | 3,778 | $99.5B | IVV, NVDA, META, AMZN, IBIT |
| Q4 2024 | 3,892 | $111.9B | IVV, AVGO, IBIT, META, NVDA |
| Q3 2024 | 3,901 | $111.3B | SPY, IVV, MSFT, NVDA, SPOT |
| Q2 2024 | 3,767 | $117.2B | IVV, AAPL, AMZN, SPY, NVDA |
| Q1 2024 | 3,942 | $113.8B | SPY, IVV, AMZN, MRK, AAPL |