Millennium Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Israel Englander's Millennium Management reported 3,844 stock positions worth $122.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 4.1% of the portfolio, followed by Nvidia (NVDA, 2.8%) and Apple (AAPL, 1.5%). Compared with Q2 2025, it opened 442 new positions, sold out of 394, added to 1,603 and reduced 1,768. The biggest buy was Nvidia (NVDA, shares +126%) and the biggest sale AppLovin Class A (APP, shares −99%).
- Most Recent 13F
- Q2 2026
- Notable People
- Israel Englander
- Location
- NEW YORK, NY
- CIK
- 0001273087
- Portfolio Value
- $122.0B (Q3 2025)
- SEC Filing
- 0001273087-25-000034 ↗ filed Nov 14, 2025
Holdings Value
Holdings 3,844 stocks · $122.0B
| IVV iShares Core S&P 500 ETF | 4.12% | 7,499,133 | $5.0B | Add +19.4% |
| NVDA Nvidia Corp. | 2.80% | 18,272,514 | $3.4B | Add +126.3% |
| AAPL Apple Inc. | 1.46% | 7,015,832 | $1.8B | Add +250.4% |
| MSFT Microsoft Corp. | 1.46% | 3,432,856 | $1.8B | Add +48.6% |
| IBIT iShares Bitcoin Trust ETF | 1.09% | 20,519,106 | $1.3B | Reduce -4.3% |
| ETHA iShares Ethereum Trust ETF | 0.88% | 33,924,701 | $1.1B | Add +483.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.85% | 1,549,399 | $1.0B | Add +21.6% |
| META Meta Platforms Inc. Class A | 0.83% | 1,381,375 | $1.0B | Add +135.0% |
| GOOGL Alphabet Inc. Class A | 0.72% | 3,591,912 | $873.2M | Add +65.5% |
| AMZN Amazon.com Inc. | 0.67% | 3,748,128 | $823.0M | Reduce -17.4% |
| GOOG Alphabet Inc. Class C | 0.67% | 3,368,274 | $820.3M | Add +33.5% |
| NSC Norfolk Southern Corp. | 0.65% | 2,644,515 | $794.4M | Add +506.2% |
| BSX Boston Scientific Corp. | 0.64% | 8,524,821 | $783.5M | Add +83.9% |
| FBTC Fidelity Wise Origin Bitcoin | 0.61% | 7,447,005 | $743.3M | Add +5.9% |
| AVGO Broadcom Inc. | 0.49% | 1,808,952 | $596.8M | Add +283.2% |
| MS Morgan Stanley | 0.46% | 3,522,227 | $559.9M | Add +589.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.43% | 10,200,787 | $526.3M | Add +236.5% |
| NVT Nvent Electric PLC | 0.40% | 4,946,901 | $488.0M | Add +40.4% |
| FCX Freeport-McMoran Inc. | 0.40% | 12,373,932 | $485.3M | Add +1901.0% |
| CYBR Cyberark Software Ltd./Israel | 0.39% | 984,702 | $475.8M | Add +273.4% |
| ABBV Abbvie Inc. | 0.38% | 2,015,742 | $466.7M | Reduce -17.6% |
| MDT Medtronic PLC | 0.38% | 4,808,068 | $457.9M | Add +19.5% |
| CRH CRH PLC | 0.36% | 3,683,765 | $441.7M | Reduce -7.2% |
| JPM JPMorgan Chase & Co. | 0.36% | 1,394,514 | $439.9M | Add +5.6% |
| BLK BlackRock Inc. | 0.34% | 353,922 | $412.6M | Add +1307.0% |
| SCHW Schwab (charles) Corp. | 0.34% | 4,305,448 | $411.0M | Add +140.5% |
| V Visa Inc. Class A | 0.34% | 1,202,376 | $410.5M | Add +1046.8% |
| CVS CVS Health Corp. | 0.33% | 5,378,148 | $405.5M | Add +32.3% |
| BA The Boeing Co. | 0.33% | 1,877,512 | $405.2M | Reduce -3.6% |
| DY Dycom Industries Inc. | 0.32% | 1,324,938 | $386.6M | Add +21.0% |
| WMT Walmart Inc. | 0.31% | 3,701,937 | $381.5M | Reduce -8.3% |
| FE Firstenergy Corp. | 0.29% | 7,846,205 | $359.5M | Reduce -6.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 700,331 | $352.1M | Add +270.3% |
| LPLA LPL Financial Holdings Inc. | 0.29% | 1,053,168 | $350.4M | Add +1104.0% |
| LNG Cheniere Energy Inc. | 0.28% | 1,462,048 | $343.6M | Reduce -3.8% |
| INSM Insmed Inc. | 0.28% | 2,336,112 | $336.4M | Add +10.1% |
| GM General Motors Co. | 0.27% | 5,492,881 | $334.9M | Add +82.9% |
| SRE Sempra | 0.27% | 3,707,402 | $333.6M | Add +70.7% |
| PKG Packaging Corp. of America | 0.27% | 1,516,562 | $330.5M | Add +223.6% |
| SPGI S&P Global Inc. | 0.27% | 670,295 | $326.2M | Add +1333.1% |
| CVX Chevron Corp. | 0.26% | 2,023,571 | $314.2M | Add +335.4% |
| CAH Cardinal Health Inc. | 0.26% | 1,984,424 | $311.5M | Add +55.3% |
| CG The Carlyle Group Inc. | 0.25% | 4,930,069 | $309.1M | Add +147.5% |
| COR Cencora Inc. | 0.25% | 985,924 | $308.1M | Add +65.6% |
| COST Costco Wholesale Corp. | 0.25% | 332,111 | $307.4M | Add +108.5% |
| JHG Janus Henderson Group PLC | 0.25% | 6,851,082 | $304.9M | Add +20.3% |
| B Barrick Mining Corp. | 0.25% | 9,189,031 | $301.2M | Add +126.8% |
| FIX Comfort Systems USA Inc. | 0.24% | 358,685 | $296.0M | Add +130.6% |
| IVZ Invesco Ltd. | 0.24% | 12,867,923 | $295.2M | Add +781.0% |
| COF Capital One Financial Corp. | 0.24% | 1,384,546 | $294.3M | Add +9.1% |
| JCI Johnson Controls Internation | 0.24% | 2,669,531 | $293.5M | Reduce -0.5% |
| NEM Newmont Corp. | 0.24% | 3,452,090 | $291.0M | Add +11228.4% |
| MCD McDonald's Corp. | 0.24% | 946,113 | $287.5M | Add +126.8% |
| MPC Marathon Petroleum Corp. | 0.23% | 1,482,982 | $285.8M | Add +943.3% |
| SOXX iShares Semiconductor ETF | 0.23% | 1,053,945 | $285.7M | Add +424.2% |
| MUSA Murphy USA Inc. | 0.23% | 735,945 | $285.7M | Reduce -13.0% |
| ROST Ross Stores Inc. | 0.23% | 1,850,056 | $281.9M | Add +473.8% |
| COOP Mr Cooper Group Inc. | 0.23% | 1,316,053 | $277.4M | Add +4.6% |
| USB US Bancorp | 0.23% | 5,711,688 | $276.0M | Add +187.2% |
| PG The Procter & Gamble Co. | 0.22% | 1,778,260 | $273.2M | Add +36.0% |
| LIN Linde PLC | 0.22% | 573,262 | $272.3M | Add +19.8% |
| NBIS Nebius Group NV | 0.22% | 2,417,577 | $271.4M | Add +460.1% |
| SYY Sysco Corp. | 0.22% | 3,242,147 | $267.0M | Add +372.5% |
| ICE Intercontinental Exchange Inc. | 0.21% | 1,550,338 | $261.2M | Reduce -27.6% |
| ARGX Argenx SE - ADR | 0.21% | 347,518 | $256.3M | Reduce -19.1% |
| APH Amphenol Corp. Class A | 0.21% | 2,064,803 | $255.5M | Reduce -14.6% |
| STEP Stepstone Group Inc. Class A | 0.21% | 3,894,974 | $254.4M | Reduce -11.4% |
| K Kellanova | 0.21% | 3,077,390 | $252.4M | Add +44.4% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.21% | 549,931 | $250.8M | Add +508.0% |
| HUBS HubSpot Inc. | 0.21% | 535,472 | $250.5M | Add +168.3% |
| LMT Lockheed Martin Corp. | 0.20% | 496,357 | $247.8M | Reduce -15.4% |
| C Citigroup Inc. | 0.20% | 2,436,140 | $247.3M | Reduce -18.0% |
| CSX CSX Corp. | 0.20% | 6,917,790 | $245.7M | Add +66.8% |
| RJF Raymond James Financial Inc. | 0.20% | 1,406,856 | $242.8M | Add +1846.2% |
| AMG Affiliated Managers Group | 0.20% | 1,017,113 | $242.5M | Reduce -35.2% |
| TMO Thermo Fisher Scientific Inc. | 0.20% | 497,091 | $241.1M | Add +59.8% |
| HON Honeywell International Inc. | 0.20% | 1,140,740 | $240.1M | Add +77.7% |
| FSLR First Solar Inc. | 0.19% | 1,076,982 | $237.5M | Add +6.1% |
| TEL Te Connectivity PLC | 0.19% | 1,072,125 | $235.4M | Add +85.9% |
| PEG Public Service Enterprise GP | 0.19% | 2,818,415 | $235.2M | Add +4.6% |
| DXCM Dexcom Inc. | 0.19% | 3,431,265 | $230.9M | Add +1265.3% |
| LLY Eli Lilly & Co. | 0.19% | 300,257 | $229.1M | Reduce -47.4% |
| CNP Centerpoint Energy Inc. | 0.19% | 5,848,751 | $226.9M | Add +1033.0% |
| AXTA Axalta Coating Systems Ltd. | 0.18% | 7,838,111 | $224.3M | Add +475.4% |
| LRCX Lam Research Corp. | 0.18% | 1,667,393 | $223.3M | Reduce -14.0% |
| ARES Ares Management Corp. Class A | 0.18% | 1,379,342 | $220.5M | Add +440.1% |
| SEE Sealed Air Corp. | 0.18% | 6,191,831 | $218.9M | Add +139.5% |
| BITB Bitwise Bitcoin ETF | 0.18% | 3,503,039 | $218.0M | Reduce -0.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 362,257 | $217.5M | Add +4.2% |
| CMA Comerica Inc. | 0.17% | 3,107,447 | $212.9M | Reduce -20.9% |
| IWM iShares Russell 2000 ETF | 0.17% | 873,091 | $211.3M | Add +1026.4% |
| XOM Exxon Mobil Corp. | 0.17% | 1,858,935 | $209.6M | Add +113.7% |
| MMM 3M Co. | 0.17% | 1,317,353 | $204.4M | Add +716.1% |
| ABNB Airbnb Inc. Class A | 0.17% | 1,668,008 | $202.5M | Add +30.9% |
| NFLX Netflix Inc. | 0.17% | 168,562 | $202.1M | Add +3.7% |
| AMP Ameriprise Financial Inc. | 0.17% | 410,619 | $201.7M | Add +64.4% |
| NEE Nextera Energy Inc. | 0.16% | 2,624,975 | $198.2M | Add +481.5% |
| HOLX Hologic Inc. | 0.16% | 2,918,503 | $197.0M | Add +201.3% |
| RTX RTX Corp. | 0.16% | 1,176,806 | $196.9M | Add +46.0% |
| AYI Acuity Inc. | 0.16% | 571,017 | $196.7M | Add +98.4% |
Options reported separately and not counted above: IWM puts ($7.3B), NVDA puts ($5.8B), QQQ calls ($4.3B), QQQ puts ($4.1B), IWM calls ($3.6B), MSFT puts ($3.2B), AMZN puts ($2.4B), AAPL puts ($2.3B), META puts ($1.8B), XLF puts ($1.6B), TSLA puts ($1.6B), NVDA calls ($1.5B), and 1977 more.
Other holdings (145): bonds, preferreds, convertibles and warrants · $5.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 180,882,000 | $580.4M | Add +11.0% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 208,794,000 | $383.7M | Add +137.8% |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 164,000,000 | $310.6M | New |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 63,428,000 | $287.7M | Add +46.6% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 129,602,000 | $256.1M | Reduce -3.7% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 57,679,032 | $142.3M | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 66,431,000 | $137.7M | Add +564.3% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 88,500,000 | $124.7M | Add +71.8% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 110,156,000 | $105.8M | Add +16.8% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 100,667,000 | $99.2M | Add +41.5% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 68,886,000 | $83.7M | Add +42.7% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 70,500,000 | $78.4M | Add +683.3% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 76,764,000 | $75.7M | Reduce -22.8% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 59,128,000 | $67.8M | Add +136.5% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 61,145,000 | $63.3M | Reduce -16.4% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 48,010,000 | $61.5M | Add +20.0% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 62,000,000 | $60.7M | Add +22.8% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 60,218,000 | $59.8M | Reduce -33.5% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 53,318,000 | $53.4M | Reduce -20.9% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 33,553,000 | $51.0M | Add +1.7% |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 41,946,000 | $49.6M | Add +31.1% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 45,800,000 | $48.2M | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 50,305,000 | $47.6M | Reduce -4.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 44,500,000 | $47.3M | Add +270.8% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 19,500,000 | $47.1M | Add +63.9% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 28,665,000 | $46.7M | Add +135.6% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 45,000,000 | $46.3M | Reduce -25.0% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 47,569,000 | $45.3M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 46,032,000 | $45.1M | Add +84.1% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 28,675,000 | $43.6M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 43,968,000 | $41.5M | Add +17.4% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 42,500,000 | $40.1M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 39,784,000 | $38.9M | Reduce -0.9% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 32,500,000 | $38.6M | Add +62.5% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 29,250,000 | $36.8M | New |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 34,736,000 | $35.5M | Add +25.2% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 35,500,000 | $35.2M | Add +1675.0% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 25,000,000 | $34.9M | New |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | 34,894,000 | $34.6M | Reduce -1.4% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 26,200,000 | $34.1M | Add +424.0% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 32,500,000 | $33.0M | Reduce -45.8% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 20,000,000 | $31.6M | New |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 21,000,000 | $29.5M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 23,000,000 | $29.4M | Reduce -23.3% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 27,000,000 | $28.4M | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 28,000,000 | $28.3M | No change |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 29,500,000 | $27.1M | Add +9.3% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 26,800,000 | $26.5M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 24,519,000 | $26.4M | Add +53.1% |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 18,719,999 | $26.0M | Add +4.0% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 24,550,000 | $25.7M | Add +127.3% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 25,000,000 | $25.3M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 25,000,000 | $24.7M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 353,430 | $24.6M | Add +17.3% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 26,067,000 | $24.6M | Add +29.9% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 25,000,000 | $23.8M | New |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 24,126,000 | $23.5M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 21,500,000 | $22.8M | Add +437.5% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 25,000,000 | $22.5M | Reduce -35.3% |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 16,655,000 | $22.4M | Add +1.5% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 20,500,000 | $22.0M | New |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 12,000,000 | $21.4M | Reduce -73.2% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 21,500,000 | $20.9M | Add +4.9% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 13,000,000 | $20.4M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 13,500,000 | $19.9M | Reduce -22.9% |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | NOTE 2.000% 8/1 · principal | 15,000,000 | $17.9M | New |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 11,050,000 | $17.5M | New |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 15,000,000 | $17.2M | Add +30.4% |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 12,000,000 | $17.0M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 15,242,000 | $16.7M | Reduce -48.8% |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 17,000,000 | $16.6M | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 15,750,000 | $16.6M | Reduce -38.8% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 16,778,000 | $16.4M | No change |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 13,578,000 | $16.4M | Add +201.7% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 10,000,000 | $16.2M | New |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 13,000,000 | $15.8M | New |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 15,500,000 | $15.2M | New |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 13,000,000 | $14.7M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 15,878,000 | $14.7M | Reduce -18.1% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 12,000,000 | $14.6M | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 15,000,000 | $14.6M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 10,000,000 | $14.0M | No change |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 13,000,000 | $13.4M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 13,300,000 | $13.4M | No change |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 10,000,000 | $12.5M | No change |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 3,000,000 | $12.4M | Reduce -57.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 12,500,000 | $11.8M | Add +25.0% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 11,700,000 | $11.6M | No change |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 8,000,000 | $10.4M | New |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 10,895,000 | $10.2M | Add +474.9% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 10,000,000 | $9.9M | No change |
| 3D SYSTEMS CORP (DDD 0 11/15/26) | NOTE 11/1 · principal | 10,000,000 | $9.0M | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 10,000,000 | $8.7M | Reduce -69.8% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 9,000,000 | $8.6M | No change |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 6,650,000 | $8.3M | New |
| MAGNITE INC (MGNI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 8,000,000 | $7.8M | New |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 13,280,000 | $6.4M | Reduce -37.6% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 23,000 | $6.2M | New |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 8,879,000 | $5.7M | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 6,188,000 | $5.5M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 5,000,000 | $5.0M | Reduce -50.0% |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 5,000,000 | $5.0M | New |
| CELCUITY INC (CELC 2.75 08/01/31) | NOTE 2.750% 8/0 · principal | 3,550,000 | $4.7M | New |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 4,958,000 | $4.3M | Reduce -74.2% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 4,000,000 | $3.9M | New |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | 5,250,000 | $3.9M | No change |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 495,819 | $3.5M | Add +29.3% |
| GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) | NOTE 5.875%10/0 · principal | 3,270,000 | $3.2M | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 2,500,000 | $2.8M | Reduce -50.0% |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 2,714,000 | $2.7M | No change |
| TXNM ENERGY INC (TXNM 5.75 06/01/54) | NOTE 5.750% 6/0 · principal | 2,000,000 | $2.6M | No change |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 1,100,000 | $2.5M | Reduce -70.7% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 2,500,000 | $2.5M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 1,500,000 | $2.0M | No change |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 2,000,000 | $2.0M | Reduce -71.4% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 2,000,000 | $1.9M | New |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 1,500,000 | $1.6M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 22,669 | $1.3M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 5,000,000 | $1.2M | Reduce -47.4% |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 150,000 | $448K | Reduce -95.2% |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 799,862 | $352K | Add +37.9% |
| BEAGR Bold Eagle Acquisition Corp. | RIGHT 10/11/2029 | 1,300,000 | $351K | No change |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | 290,000 | $292K | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 191,800 | $262K | Add +155.1% |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 135,000 | $243K | No change |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 225,000 | $210K | No change |
| SDHIR Siddhi Acquisition Corp. | RIGHT 09/15/2029 | 995,000 | $209K | Add +31.8% |
| AACBR Artius II Acquisition Inc. | RIGHT 11/27/2029 | 700,000 | $168K | Add +40.0% |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 312,000 | $162K | Reduce -44.5% |
| CRAQR Cal Redwood Acquisition Corp. | RIGHT 05/15/2030 | 647,500 | $142K | Add +223.8% |
| SOULPOWER ACQUISITION CORP | RIGHT 99/99/9999 | 700,000 | $133K | Add +40.0% |
| SZZLR Sizzle Acquisition Corp. -RTS | RIGHT 04/02/2030 | 700,000 | $126K | Add +40.0% |
| BACCR Blue Acquisition Corp.-RTS | RIGHT 06/11/2030 | 740,000 | $119K | Add +7.3% |
| TVAIR Thayer Ventures Acquisition | RIGHT 05/15/2030 | 700,000 | $119K | No change |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 400,000 | $106K | Add +100.0% |
| JENA ACQUISITION CORP II-RTS | RIGHT 03/31/2030 | 387,060 | $77K | Reduce -52.8% |
| OYSER Oyster Enterprises II Acquis | RIGHT 05/22/2030 | 448,500 | $76K | Reduce -45.6% |
| KFIIR K&F Growth Acquisition Corp. | RIGHT 08/29/2031 | 499,700 | $75K | No change |
| EGHAR Egh Acquisition Corp.-RTS | RIGHT 99/99/9999 | 326,000 | $68K | Reduce -6.9% |
| MLACR Mountain Lake Acquisition Co. | RIGHT 11/15/2028 | 450,000 | $68K | No change |
| CHACR Crane Harbor Acquisition-RTS | RIGHT 04/17/2030 | 176,000 | $55K | Reduce -32.3% |
| AXINR Axiom Intelligence Acquisiti | RIGHT 06/10/2030 | 264,500 | $42K | Reduce -47.1% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 30,000 | $39K | Reduce -81.7% |
| KCHVR Kochav Defense Acquisition-R | RIGHT 05/21/2030 | 165,000 | $36K | Reduce -17.5% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 32,600 | $29K | No change |
Total filed on the 13F, all lines: $127.0B.
Portfolio Sells Q2 2025 → Q3 2025
| APP AppLovin Corp. Class A | Reduce -99.1% | 0.01% | −0.83 |
| PLTR Palantir Technologies Inc. Class A | Reduce -91.4% | 0.06% | −0.57 |
| TRI Thomson Reuters Corp. | Reduce -95.0% | 0.02% | −0.46 |
| HES Hess Corp. | Sold out | 0.00% | −0.44 |
| ISRG Intuitive Surgical Inc. | Reduce -73.6% | 0.10% | −0.40 |
| MA Mastercard Inc. Class A | Reduce -81.6% | 0.08% | −0.39 |
| EW Edwards Lifesciences Corp. | Reduce -73.4% | 0.11% | −0.37 |
| ORCL Oracle Corp. | Reduce -92.3% | 0.04% | −0.36 |
| UNP Union Pacific Corp. | Reduce -77.0% | 0.08% | −0.30 |
| MSCI MSCI Inc. | Reduce -59.1% | 0.16% | −0.28 |
| PFE Pfizer Inc. | Reduce -87.5% | 0.04% | −0.28 |
| CVE Cenovus Energy Inc. | Reduce -88.1% | 0.04% | −0.26 |
| DDOG Datadog Inc. Class A | Reduce -96.2% | 0.01% | −0.26 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -17.4% | 0.67% | −0.25 |
| EVR Evercore Inc. Class A | Reduce -80.3% | 0.07% | −0.24 |
| LLY Eli Lilly & Co. | Reduce -47.4% | 0.19% | −0.22 |
| HOOD Robinhood Markets Inc. Class A | Reduce -88.4% | 0.04% | −0.22 |
| KO The Coca-Cola Co. | Reduce -79.3% | 0.04% | −0.21 |
| PM Philip Morris International | Reduce -63.4% | 0.08% | −0.20 |
| ETR Entergy Corp. | Reduce -94.7% | 0.01% | −0.20 |
| TPG TPG Inc. | Reduce -58.0% | 0.13% | −0.19 |
| BABA Alibaba Group Holding-SP ADR | Reduce -90.3% | 0.03% | −0.19 |
| DHR Danaher Corp. | Reduce -49.2% | 0.15% | −0.18 |
| MORN Morningstar Inc. | Reduce -63.2% | 0.06% | −0.18 |
| XYZ Block Inc. | Reduce -95.2% | 0.01% | −0.17 |
| FHN First Horizon Corp. | Reduce -56.2% | 0.12% | −0.17 |
| PCG P G & E Corp. | Reduce -63.9% | 0.09% | −0.16 |
| CLX Clorox Company | Reduce -92.3% | 0.01% | −0.15 |
| CMG Chipotle Mexican Grill Inc. | Reduce -78.0% | 0.02% | −0.15 |
| ICE Intercontinental Exchange Inc. | Reduce -27.6% | 0.21% | −0.15 |
| GD General Dynamics Corp. | Reduce -91.8% | 0.01% | −0.14 |
| EQIX Equinix Inc. | Reduce -83.6% | 0.02% | −0.14 |
| GEHC GE Healthcare Technology | Reduce -92.0% | 0.01% | −0.14 |
| KKR KKR & Co. Inc. | Reduce -61.8% | 0.07% | −0.14 |
| KR Kroger Co. | Reduce -77.4% | 0.03% | −0.14 |
| CBRE CBRE Group Inc. Class A | Reduce -52.1% | 0.12% | −0.13 |
| ZTS Zoetis Inc. | Reduce -71.9% | 0.04% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -62.0% | 0.05% | −0.13 |
| MAS Masco Corp. | Reduce -98.6% | 0.00% | −0.12 |
| IBIT iShares Bitcoin Trust ETF | Reduce -4.3% | 1.09% | −0.12 |
| IFF Intl Flavors & Fragrances | Reduce -90.4% | 0.01% | −0.12 |
| MTSI Macom Technology Solutions H | Reduce -72.3% | 0.03% | −0.12 |
| ADM Archer-Daniels-Midland Co. | Reduce -94.0% | 0.01% | −0.12 |
| LOW Lowe's Cos Inc. | Reduce -70.3% | 0.05% | −0.12 |
| CSCO Cisco Systems Inc. | Reduce -63.8% | 0.05% | −0.11 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.11 |
| INFY Infosys Ltd.-SP ADR | Reduce -30.9% | 0.13% | −0.11 |
| PPG PPG Industries Inc. | Reduce -72.9% | 0.03% | −0.11 |
| CRM Salesforce Inc. | Reduce -32.9% | 0.12% | −0.11 |
Portfolio Buys Q2 2025 → Q3 2025
| NVDA Nvidia Corp. | Add +126.3% | 2.80% | +1.61 |
| AAPL Apple Inc. | Add +250.4% | 1.46% | +1.08 |
| ETHA iShares Ethereum Trust ETF | Add +483.9% | 0.88% | +0.77 |
| NSC Norfolk Southern Corp. | Add +506.2% | 0.65% | +0.55 |
| IVV iShares Core S&P 500 ETF | Add +19.4% | 4.12% | +0.50 |
| META Meta Platforms Inc. Class A | Add +135.0% | 0.83% | +0.43 |
| MSFT Microsoft Corp. | Add +48.6% | 1.46% | +0.39 |
| MS Morgan Stanley | Add +589.3% | 0.46% | +0.39 |
| FCX Freeport-McMoran Inc. | Add +1901.0% | 0.40% | +0.37 |
| AVGO Broadcom Inc. | Add +283.2% | 0.49% | +0.37 |
| GOOGL Alphabet Inc. Class A | Add +65.5% | 0.72% | +0.36 |
| BLK BlackRock Inc. | Add +1307.0% | 0.34% | +0.31 |
| V Visa Inc. Class A | Add +1046.8% | 0.34% | +0.30 |
| BAC Bank of America Corp. | Add +236.5% | 0.43% | +0.30 |
| CYBR Cyberark Software Ltd./Israel | Add +273.4% | 0.39% | +0.29 |
| GOOG Alphabet Inc. Class C | Add +33.5% | 0.67% | +0.26 |
| LPLA LPL Financial Holdings Inc. | Add +1104.0% | 0.29% | +0.26 |
| SPGI S&P Global Inc. | Add +1333.1% | 0.27% | +0.24 |
| NEM Newmont Corp. | Add +11228.4% | 0.24% | +0.24 |
| BSX Boston Scientific Corp. | Add +83.9% | 0.64% | +0.23 |
| IVZ Invesco Ltd. | Add +781.0% | 0.24% | +0.22 |
| MPC Marathon Petroleum Corp. | Add +943.3% | 0.23% | +0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +270.3% | 0.29% | +0.20 |
| NBIS Nebius Group NV | Add +460.1% | 0.22% | +0.20 |
| CVX Chevron Corp. | Add +335.4% | 0.26% | +0.20 |
| ROST Ross Stores Inc. | Add +473.8% | 0.23% | +0.19 |
| SOXX iShares Semiconductor ETF | Add +424.2% | 0.23% | +0.19 |
| PKG Packaging Corp. of America | Add +223.6% | 0.27% | +0.19 |
| RJF Raymond James Financial Inc. | Add +1846.2% | 0.20% | +0.19 |
| SCHW Schwab (charles) Corp. | Add +140.5% | 0.34% | +0.19 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +508.0% | 0.21% | +0.18 |
| SYY Sysco Corp. | Add +372.5% | 0.22% | +0.17 |
| DXCM Dexcom Inc. | Add +1265.3% | 0.19% | +0.17 |
| B Barrick Mining Corp. | Add +126.8% | 0.25% | +0.17 |
| CNP Centerpoint Energy Inc. | Add +1033.0% | 0.19% | +0.17 |
| FIX Comfort Systems USA Inc. | Add +130.6% | 0.24% | +0.17 |
| NVT Nvent Electric PLC | Add +40.4% | 0.40% | +0.16 |
| CG The Carlyle Group Inc. | Add +147.5% | 0.25% | +0.16 |
| IWM iShares Russell 2000 ETF | Add +1026.4% | 0.17% | +0.16 |
| AXTA Axalta Coating Systems Ltd. | Add +475.4% | 0.18% | +0.15 |
| MMM 3M Co. | Add +716.1% | 0.17% | +0.14 |
| USB US Bancorp | Add +187.2% | 0.23% | +0.14 |
| AON Aon PLC Class A | Add +6871.6% | 0.15% | +0.14 |
| ARES Ares Management Corp. Class A | Add +440.1% | 0.18% | +0.14 |
| GM General Motors Co. | Add +82.9% | 0.27% | +0.14 |
| NEE Nextera Energy Inc. | Add +481.5% | 0.16% | +0.13 |
| DELL Dell Technologies -C | Add +1402.7% | 0.13% | +0.12 |
| VRNA Verona Pharma Ltd. | Add +376.4% | 0.16% | +0.12 |
| MCD McDonald's Corp. | Add +126.8% | 0.24% | +0.12 |
| SRE Sempra | Add +70.7% | 0.27% | +0.12 |
Options Activity Q2 2025 → Q3 2025
| IWM iShares Russell 2000 ETF | put | Add +29.9% | 30,335,500 | $7.3B |
| NVDA Nvidia Corp. | put | Add +7.7% | 31,297,700 | $5.8B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -7.5% | 7,180,400 | $4.3B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +6.1% | 6,850,200 | $4.1B |
| IWM iShares Russell 2000 ETF | call | Add +44.0% | 14,717,200 | $3.6B |
| MSFT Microsoft Corp. | put | Add +1.2% | 6,146,000 | $3.2B |
| AMZN Amazon.com Inc. | put | Reduce -3.3% | 10,910,600 | $2.4B |
| AAPL Apple Inc. | put | Add +45.7% | 8,896,100 | $2.3B |
| META Meta Platforms Inc. Class A | put | Reduce -14.0% | 2,485,400 | $1.8B |
| XLF SS Financial Select Sector | put | Add +62.7% | 28,846,400 | $1.6B |
| TSLA Tesla Inc. | put | Reduce -3.9% | 3,487,500 | $1.6B |
| NVDA Nvidia Corp. | call | Reduce -16.5% | 8,196,400 | $1.5B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +62.4% | 18,584,400 | $1.5B |
| MSFT Microsoft Corp. | call | Reduce -17.6% | 2,880,600 | $1.5B |
| EEM iShares MSCI Emerging Market | put | Add +44.8% | 27,776,100 | $1.5B |
| AAPL Apple Inc. | call | Reduce -10.8% | 5,325,300 | $1.4B |
| GOOGL Alphabet Inc. Class A | put | Reduce -7.8% | 5,359,100 | $1.3B |
| TSLA Tesla Inc. | call | Reduce -2.3% | 2,500,600 | $1.1B |
| DIA SS SPDR Dow Jones Indus Avg | put | Add +41.3% | 2,305,000 | $1.1B |
| AVGO Broadcom Inc. | put | Add +2.3% | 3,188,000 | $1.1B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -61.3% | 1,561,200 | $1.0B |
| XLE SS Energy Select Sector | put | Add +122.5% | 11,549,700 | $1.0B |
| META Meta Platforms Inc. Class A | call | Add +3.9% | 1,312,000 | $963.5M |
| NFLX Netflix Inc. | put | Reduce -13.2% | 765,900 | $918.3M |
| AMZN Amazon.com Inc. | call | Reduce -25.5% | 4,169,400 | $915.5M |
| AMD Advanced Micro Devices | put | Reduce -27.1% | 4,974,300 | $804.8M |
| XLY SS Consumer Disc Select Sect | put | Add +96.3% | 2,748,200 | $658.6M |
| EEM iShares MSCI Emerging Market | call | Add +17.8% | 11,414,500 | $609.5M |
| AVGO Broadcom Inc. | call | Reduce -11.2% | 1,834,700 | $605.3M |
| XLE SS Energy Select Sector | call | Add +78.1% | 6,537,700 | $584.1M |
| GOOG Alphabet Inc. Class C | put | Add +1.7% | 2,217,300 | $540.0M |
| PLTR Palantir Technologies Inc. Class A | put | Add +13.9% | 2,821,600 | $514.7M |
| XLF SS Financial Select Sector | call | Reduce -0.7% | 8,783,900 | $473.2M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +60.7% | 911,200 | $458.1M |
| XLU St Sr Utl SL SE SPDR ETF-Usd | put | Add +24.3% | 5,050,200 | $440.4M |
| XLK SS Technology Select Sector | put | Reduce -21.4% | 1,549,600 | $436.8M |
| CMA Comerica Inc. | call | Add +206.1% | 6,150,000 | $421.4M |
| GS Goldman Sachs Group Inc. | put | Add +417.2% | 516,700 | $411.5M |
| MA Mastercard Inc. Class A | put | Add +57.3% | 719,800 | $409.4M |
| XOM Exxon Mobil Corp. | put | Add +23.4% | 3,556,600 | $401.0M |
| FXI iShares China Large-Cap ETF | call | Reduce -16.3% | 9,628,000 | $396.1M |
| CRM Salesforce Inc. | put | Add +50.0% | 1,521,900 | $360.7M |
| EFA iShares MSCI Eafe ETF | call | Add +155.3% | 3,825,100 | $357.1M |
| MS Morgan Stanley | put | Add +23.6% | 2,237,400 | $355.7M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | call | Reduce -26.3% | 3,075,000 | $342.8M |
| JPM JPMorgan Chase & Co. | put | Add +8.6% | 1,086,000 | $342.6M |
| PANW Palo Alto Networks Inc. | put | Add +51.5% | 1,681,300 | $342.3M |
| EFA iShares MSCI Eafe ETF | put | Add +8.2% | 3,653,500 | $341.1M |
| IBM Intl Business Machines Corp. | call | Add +260.2% | 1,186,600 | $334.8M |
| XBI SS SPDR S&P Biotech ETF | put | Reduce -1.5% | 3,314,700 | $332.1M |
Showing the first 50 of 1,999.
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
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +11.0% | 180,882,000 | $580.4M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +137.8% | 208,794,000 | $383.7M |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | New | 164,000,000 | $310.6M |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Add +46.6% | 63,428,000 | $287.7M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -3.7% | 129,602,000 | $256.1M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | New | 57,679,032 | $142.3M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Add +564.3% | 66,431,000 | $137.7M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +71.8% | 88,500,000 | $124.7M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +16.8% | 110,156,000 | $105.8M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Add +41.5% | 100,667,000 | $99.2M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 99,380,000 | $98.9Mbefore exit |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | Add +42.7% | 68,886,000 | $83.7M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Add +683.3% | 70,500,000 | $78.4M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Reduce -22.8% | 76,764,000 | $75.7M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +136.5% | 59,128,000 | $67.8M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -16.4% | 61,145,000 | $63.3M |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | Add +20.0% | 48,010,000 | $61.5M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Add +22.8% | 62,000,000 | $60.7M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Reduce -33.5% | 60,218,000 | $59.8M |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | Sold out | 55,395,000 | $55.0Mbefore exit |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 47,500,000 | $53.4Mbefore exit |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Reduce -20.9% | 53,318,000 | $53.4M |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | Sold out | 53,210,000 | $52.8Mbefore exit |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Add +1.7% | 33,553,000 | $51.0M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 49,765,000 | $49.8Mbefore exit |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | Add +31.1% | 41,946,000 | $49.6M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -4.4% | 50,305,000 | $47.6M |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | Sold out | 30,000,000 | $47.5Mbefore exit |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +270.8% | 44,500,000 | $47.3M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +63.9% | 19,500,000 | $47.1M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Add +135.6% | 28,665,000 | $46.7M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Reduce -25.0% | 45,000,000 | $46.3M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +84.1% | 46,032,000 | $45.1M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 28,675,000 | $43.6M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +17.4% | 43,968,000 | $41.5M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 42,500,000 | $40.1M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Reduce -0.9% | 39,784,000 | $38.9M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Add +62.5% | 32,500,000 | $38.6M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 29,250,000 | $36.8M |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | Sold out | 36,250,000 | $36.3Mbefore exit |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Sold out | 36,449,000 | $35.9Mbefore exit |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +25.2% | 34,736,000 | $35.5M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +1675.0% | 35,500,000 | $35.2M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 25,000,000 | $34.9M |
| NOVOCURE LTD (NVCR 0 11/01/25) | NOTE 11/0 · principal | Reduce -1.4% | 34,894,000 | $34.6M |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | Add +424.0% | 26,200,000 | $34.1M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -45.8% | 32,500,000 | $33.0M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 20,000,000 | $31.6M |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Sold out | 30,000,000 | $30.0Mbefore exit |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | New | 21,000,000 | $29.5M |
Showing the first 50 of 141.
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 |