Morgan Stanley
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Morgan Stanley reported 7,800 stock positions worth $1.40 trillion. Its top holding was Apple (AAPL) at 3.8% of the portfolio, followed by Microsoft (MSFT, 3.3%) and Nvidia (NVDA, 2.7%). Compared with Q4 2024, it opened 437 new positions, sold out of 294, added to 3,415 and reduced 3,300. The biggest buy was Abbvie (ABBV, shares +4%) and the biggest sale Nvidia (NVDA, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000895421
- Portfolio Value
- $1.40T (Q1 2025)
- SEC Filing
- 0000895421-25-000381 ↗ filed May 15, 2025
Holdings Value
Holdings 7,800 stocks · $1.40T
| AAPL Apple Inc. | 3.83% | 241,221,800 | $53.6B | Add +1.2% |
| MSFT Microsoft Corp. | 3.33% | 123,846,555 | $46.5B | Reduce -1.3% |
| NVDA Nvidia Corp. | 2.67% | 344,184,079 | $37.3B | Reduce -1.6% |
| AMZN Amazon.com Inc. | 2.27% | 166,516,606 | $31.7B | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 1.56% | 37,891,503 | $21.8B | Add +4.9% |
| GOOGL Alphabet Inc. Class A | 1.41% | 127,287,446 | $19.7B | Add +2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.37% | 34,289,682 | $19.2B | Add +2.8% |
| V Visa Inc. Class A | 1.27% | 50,513,965 | $17.7B | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 1.22% | 69,354,784 | $17.0B | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 1.06% | 26,376,526 | $14.8B | Reduce -5.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.06% | 27,791,293 | $14.8B | Reduce -0.9% |
| AVGO Broadcom Inc. | 0.92% | 76,432,699 | $12.8B | Add +1.4% |
| VOO Vanguard S&P 500 ETF | 0.88% | 23,942,196 | $12.3B | Add +5.0% |
| LLY Eli Lilly & Co. | 0.88% | 14,874,366 | $12.3B | Add +3.4% |
| GOOG Alphabet Inc. Class C | 0.85% | 75,731,764 | $11.8B | Add +0.8% |
| TSLA Tesla Inc. | 0.84% | 45,379,105 | $11.8B | Add +0.9% |
| UNH Unitedhealth Group Inc. | 0.80% | 21,364,718 | $11.2B | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.74% | 22,009,847 | $10.3B | Add +17.1% |
| BND Vanguard Total Bond Market | 0.67% | 127,280,728 | $9.3B | Add +7.3% |
| COST Costco Wholesale Corp. | 0.64% | 9,514,874 | $9.0B | Reduce -0.6% |
| IWF iShares Russell 1000 Growth | 0.64% | 24,890,234 | $9.0B | Add +3.5% |
| XOM Exxon Mobil Corp. | 0.63% | 74,344,788 | $8.8B | Add +5.4% |
| MA Mastercard Inc. Class A | 0.63% | 16,118,105 | $8.8B | Add +0.0% |
| PG The Procter & Gamble Co. | 0.62% | 51,222,550 | $8.7B | Reduce -0.2% |
| ABBV Abbvie Inc. | 0.62% | 41,149,734 | $8.6B | Add +3.7% |
| HD Home Depot Inc. | 0.57% | 21,923,626 | $8.0B | Reduce -0.2% |
| NFLX Netflix Inc. | 0.57% | 8,568,180 | $8.0B | Add +1.8% |
| JNJ Johnson & Johnson | 0.55% | 46,030,689 | $7.6B | Add +4.8% |
| WMT Walmart Inc. | 0.52% | 83,222,929 | $7.3B | Add +6.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.52% | 96,568,584 | $7.3B | Reduce -1.5% |
| IWD iShares Russell 1000 Value E | 0.52% | 38,268,369 | $7.2B | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.44% | 86,036,606 | $6.2B | Add +4.3% |
| UBER Uber Technologies Inc. | 0.43% | 82,333,420 | $6.0B | Add +1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.41% | 11,595,430 | $5.8B | Add +0.9% |
| CVX Chevron Corp. | 0.41% | 34,082,075 | $5.7B | Reduce -1.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.40% | 32,115,594 | $5.5B | Add +4.0% |
| MCD McDonald's Corp. | 0.39% | 17,564,790 | $5.5B | Add +13.4% |
| CRM Salesforce Inc. | 0.39% | 20,260,530 | $5.4B | Add +5.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.37% | 14,021,104 | $5.2B | Add +0.7% |
| RSP Invesco S&P 500 Equal Weight | 0.37% | 29,739,500 | $5.2B | Add +3.3% |
| AMGN Amgen Inc. | 0.36% | 16,234,121 | $5.1B | Add +11.5% |
| IEMG iShares Core MSCI Emerging | 0.36% | 93,018,096 | $5.0B | Add +4.1% |
| PANW Palo Alto Networks Inc. | 0.35% | 28,703,985 | $4.9B | Reduce -5.5% |
| ABT Abbott Laboratories | 0.34% | 36,136,810 | $4.8B | Add +0.1% |
| GS Goldman Sachs Group Inc. | 0.34% | 8,676,942 | $4.7B | Add +8.2% |
| IWM iShares Russell 2000 ETF | 0.33% | 23,235,954 | $4.6B | Add +18.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 107,226,454 | $4.5B | Reduce -14.4% |
| CSCO Cisco Systems Inc. | 0.32% | 72,164,986 | $4.5B | Add +0.0% |
| NEE Nextera Energy Inc. | 0.31% | 60,466,069 | $4.3B | Add +0.6% |
| ACN Accenture PLC Class A | 0.31% | 13,726,010 | $4.3B | Add +4.9% |
| NOW ServiceNow Inc. | 0.30% | 5,273,507 | $4.2B | Reduce -2.8% |
| BX Blackstone Inc. | 0.30% | 29,858,037 | $4.2B | Add +3.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.29% | 41,647,355 | $4.1B | Add +1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 16,497,056 | $4.1B | Add +17.8% |
| ORCL Oracle Corp. | 0.29% | 28,962,475 | $4.0B | Add +28.4% |
| MELI MercadoLibre Inc. | 0.29% | 2,059,407 | $4.0B | Reduce -3.2% |
| SPGI S&P Global Inc. | 0.29% | 7,862,108 | $4.0B | Add +26.1% |
| PEP Pepsico Inc. | 0.28% | 26,118,902 | $3.9B | Reduce -4.0% |
| MRK Merck & Co. Inc. | 0.28% | 43,114,452 | $3.9B | Reduce -2.4% |
| HON Honeywell International Inc. | 0.28% | 18,266,608 | $3.9B | Reduce -6.6% |
| RTX RTX Corp. | 0.27% | 28,747,942 | $3.8B | Reduce -2.8% |
| BLK BlackRock Inc. | 0.27% | 3,999,925 | $3.8B | Reduce -16.4% |
| SPOT Spotify Technology SA | 0.27% | 6,769,242 | $3.7B | Reduce -2.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.26% | 13,389,185 | $3.7B | Add +4.4% |
| AXP American Express Co. | 0.26% | 13,284,684 | $3.6B | Reduce -4.1% |
| GLD SPDR Gold Shares | 0.26% | 12,384,172 | $3.6B | Add +13.1% |
| DASH DoorDash Inc. Class A | 0.25% | 19,482,502 | $3.6B | Reduce -7.0% |
| WFC Wells Fargo & Co. | 0.25% | 48,794,632 | $3.5B | Add +12.1% |
| AON Aon PLC Class A | 0.25% | 8,726,304 | $3.5B | Add +4.1% |
| TMUS T-Mobile US Inc. | 0.25% | 12,968,781 | $3.5B | Reduce -3.6% |
| ADP Automatic Data Processing | 0.24% | 11,140,833 | $3.4B | Add +2.1% |
| PM Philip Morris International | 0.24% | 21,345,462 | $3.4B | Reduce -0.1% |
| LIN Linde PLC | 0.24% | 7,199,226 | $3.4B | Reduce -8.9% |
| BKNG Booking Holdings Inc. | 0.24% | 719,952 | $3.3B | Add +9.7% |
| VZ Verizon Communications Inc. | 0.23% | 70,961,935 | $3.2B | Add +5.0% |
| ETN Eaton Corp. PLC | 0.23% | 11,777,228 | $3.2B | Add +7.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 19,033,752 | $3.2B | Add +3.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 25,681,893 | $3.1B | Reduce -3.7% |
| PGR Progressive Corp. | 0.22% | 11,047,368 | $3.1B | Add +22.8% |
| AGG iShares Core U.S. Aggregate | 0.22% | 31,408,091 | $3.1B | Reduce -3.7% |
| IVW iShares S&P 500 Growth ETF | 0.22% | 32,940,255 | $3.1B | Add +0.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.22% | 8,637,609 | $3.0B | Add +21.2% |
| AMD Advanced Micro Devices | 0.22% | 29,634,041 | $3.0B | Reduce -3.6% |
| VEA Vanguard Ftse Developed ETF | 0.22% | 59,261,632 | $3.0B | Reduce -1.3% |
| ADBE Adobe Inc. | 0.21% | 7,824,969 | $3.0B | Reduce -5.9% |
| T AT&T Inc. | 0.21% | 105,782,513 | $3.0B | Add +9.3% |
| ICE Intercontinental Exchange Inc. | 0.21% | 17,219,424 | $3.0B | Reduce -0.2% |
| ISRG Intuitive Surgical Inc. | 0.21% | 5,930,218 | $2.9B | Add +1.9% |
| QCOM Qualcomm Inc. | 0.21% | 18,734,639 | $2.9B | Reduce -3.2% |
| SHOP Shopify Inc. Class A | 0.21% | 30,040,695 | $2.9B | Add +1.5% |
| XLF SS Financial Select Sector | 0.20% | 56,945,705 | $2.8B | Add +0.7% |
| JPST JPMorgan Ultra-Short Income | 0.20% | 55,398,393 | $2.8B | Add +1.0% |
| CME Cme Group Inc. | 0.20% | 10,562,859 | $2.8B | Reduce -3.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.20% | 33,619,624 | $2.8B | Reduce -2.6% |
| INTU Intuit Inc. | 0.19% | 4,373,545 | $2.7B | Reduce -5.5% |
| SBUX Starbucks Corp. | 0.19% | 27,023,273 | $2.7B | Add +1.0% |
| PLTR Palantir Technologies Inc. Class A | 0.19% | 31,222,346 | $2.6B | Add +8.3% |
| IVE iShares S&P 500 Value ETF | 0.19% | 13,819,800 | $2.6B | Add +6.2% |
| DHR Danaher Corp. | 0.18% | 12,356,931 | $2.5B | Add +5.8% |
| JEPI JPMorgan Equity Premium Inco | 0.18% | 43,911,513 | $2.5B | Add +5.8% |
Other holdings (286): bonds, preferreds, convertibles and warrants · $1.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 44,769 | $53.8M | Reduce -0.4% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 36,376 | $44.9M | Add +1.4% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 574,603 | $31.5M | Add +2.0% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 536,153 | $26.5M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 25,275,000 | $24.0M | Reduce -15.8% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 24,258,000 | $22.7M | Reduce -5.1% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 439,196 | $21.0M | Add +30.7% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 20,259,000 | $19.8M | Reduce -21.1% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 476,326 | $19.4M | Add +129.4% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 20,386,000 | $19.2M | New |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 12,968,000 | $19.1M | Add +61.9% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 14,536,000 | $17.7M | Add +58.6% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 17,655,000 | $17.1M | Add +8.1% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 18,984,000 | $16.4M | Reduce -12.8% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 15,032,000 | $15.9M | Reduce -18.6% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 16,081,000 | $15.7M | Add +0.7% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 13,297,000 | $15.6M | Reduce -49.2% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 14,834,000 | $15.4M | Reduce -11.0% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 13,682,000 | $15.3M | Add +60.7% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 11,552,000 | $15.3M | Add +36.3% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 14,706,000 | $14.8M | Add +3.3% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 12,170,000 | $14.8M | Add +10.3% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 13,301,000 | $14.1M | Reduce -0.5% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 10,249,000 | $13.1M | Add +5.0% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 12,948,000 | $12.6M | Add +5.6% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 10,645,000 | $12.5M | Add +3.7% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 12,162,000 | $12.2M | Reduce -8.8% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 12,110,000 | $11.9M | Add +148.0% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 9,975,000 | $11.5M | Reduce -12.1% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 11,507,000 | $11.5M | New |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 11,639,000 | $11.5M | Reduce -0.2% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 12,109,000 | $11.2M | Reduce -1.8% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 10,246,000 | $11.1M | Reduce -4.5% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 12,869,000 | $11.0M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 9,787,000 | $10.8M | Add +129.0% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 9,629,000 | $10.8M | Add +67.2% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 10,686,000 | $10.7M | Add +17.3% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 11,276,000 | $10.4M | Reduce -4.4% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 8,629,000 | $10.3M | Reduce -34.2% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 8,760,000 | $10.1M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 8,404,000 | $10.0M | Add +16.4% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 136,622 | $10.0M | Add +222.8% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 9,877,000 | $9.9M | Reduce -25.2% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 10,521,000 | $9.7M | Add +757.5% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 10,971,000 | $9.6M | Reduce -22.9% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 7,860,000 | $9.6M | Reduce -18.8% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 6,415,000 | $9.0M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 7,013,000 | $9.0M | Reduce -5.6% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 2,599,000 | $8.9M | Add +340.5% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 8,987,000 | $8.5M | Reduce -7.6% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 8,977,000 | $8.3M | Add +7.2% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 8,965,000 | $7.9M | Reduce -48.4% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 7,973,000 | $7.8M | Add +26.3% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 168,497 | $7.5M | Add +73.2% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 8,124,000 | $7.4M | Add +10.8% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 7,220,000 | $7.4M | Add +8.1% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 7,525,000 | $7.2M | Reduce -22.7% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 7,995,000 | $7.1M | Add +7.0% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 5,182,000 | $7.1M | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 143,524 | $7.0M | Add +1.4% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 6,278,000 | $6.8M | Reduce -60.7% |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 6,508,000 | $6.8M | Add +37.7% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 5,130,000 | $6.5M | Reduce -40.9% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 6,802,000 | $6.1M | Reduce -38.9% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 4,680,000 | $6.0M | Add +0.7% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 125,954 | $6.0M | Add +13.8% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 6,433,000 | $6.0M | Add +19.4% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 5,510,000 | $5.7M | Reduce -11.3% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 6,222,000 | $5.5M | Add +4.5% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 4,841,000 | $5.4M | No change |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 5,600,000 | $5.4M | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 6,600,000 | $5.4M | Add +39.4% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 4,960,000 | $5.2M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 5,902,000 | $5.1M | Reduce -69.2% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 5,700,000 | $5.1M | Add +9.2% |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 5,890,000 | $5.0M | Add +1.6% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 3,502,000 | $4.9M | Reduce -23.6% |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 4,990,000 | $4.8M | Reduce -13.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 4,600,000 | $4.6M | Reduce -13.0% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 5,285,000 | $4.6M | Reduce -34.9% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 3,861,000 | $4.4M | Reduce -17.2% |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 2,109,000 | $4.2M | New |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 4,655,000 | $4.2M | No change |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 4,323,000 | $4.2M | Add +53.2% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 3,680,035 | $4.1M | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 2,960,000 | $3.9M | Reduce -52.1% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 3,962,000 | $3.9M | Add +1412.2% |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 3,903,000 | $3.8M | Add +43.9% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 3,711,000 | $3.6M | Add +354.2% |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 3,197,000 | $3.5M | Add +269.2% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 3,524,000 | $3.3M | Reduce -49.0% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 2,908,000 | $2.9M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 3,345,000 | $2.8M | Reduce -38.3% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 42,888 | $2.8M | Reduce -70.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 76,851 | $2.7M | Reduce -88.2% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 2,709,000 | $2.7M | Reduce -54.6% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 2,826,000 | $2.6M | Reduce -59.6% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 2,675,000 | $2.6M | Reduce -1.3% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,466,000 | $2.5M | Reduce -9.2% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 41,048 | $2.5M | Add +10.2% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 2,182,000 | $2.3M | Add +506.1% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 1,656,000 | $2.3M | Reduce -63.6% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 78,890 | $2.2M | Reduce -27.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,089,000 | $2.0M | Add +381.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 2,032,000 | $2.0M | Add +98.0% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 2,187,000 | $2.0M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 1,700,000 | $1.9M | Reduce -0.3% |
| RAPID7 INC (RPD 2.25 05/01/25) | NOTE 2.250% 5/0 · principal | 1,910,000 | $1.9M | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 1,955,000 | $1.9M | Add +100.5% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 1,954,000 | $1.9M | Reduce -84.6% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 1,981,000 | $1.8M | Reduce -5.7% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,806,000 | $1.7M | Add +3.1% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 35,464 | $1.7M | Reduce -29.1% |
| TANDEM DIABETES CARE INC (TNDM 1.5 05/01/25) | NOTE 1.500% 5/0 · principal | 1,600,000 | $1.6M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 1,700,000 | $1.6M | Reduce -2.6% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,581,000 | $1.6M | Add +327.3% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 1,378,000 | $1.5M | Reduce -71.7% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 1,375,000 | $1.5M | Add +6.5% |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 1,400,000 | $1.4M | New |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 1,400,000 | $1.4M | Add +180.0% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 1,880,000 | $1.4M | Reduce -41.8% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 1,323,000 | $1.3M | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 531,000 | $1.2M | Add +43.1% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 455,000 | $1.2M | No change |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 517,000 | $1.2M | Reduce -39.3% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 996,000 | $1.2M | Reduce -81.4% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 50,272 | $1.2M | Reduce -3.7% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 1,176,000 | $1.1M | Reduce -44.8% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 13,227 | $1.1M | New |
| LIBERTY INTERACTIVE LLC (LINTA 3.75 02/15/30) | DEB 3.750% 2/1 · principal | 4,422,000 | $1.1M | Add +0.5% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 1,136,000 | $1.1M | New |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 435,000 | $1.0M | Reduce -38.3% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 1,206,000 | $1.0M | Add +1.7% |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 1,000,000 | $989K | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 711,000 | $986K | No change |
| T1 ENERGY INC | *W EXP 07/09/202 | 9,236,836 | $924K | No change |
| BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 607,000 | $912K | No change |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 24,193 | $902K | Add +26.8% |
| SUNRUN INC (RUN 0 02/01/26) | NOTE 2/0 · principal | 950,000 | $893K | Add +280.0% |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 806,000 | $866K | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 1,254,000 | $866K | Reduce -13.8% |
| Q2 HOLDINGS INC (QTWO 0.125 11/15/25) | NOTE 0.125%11/1 · principal | 874,000 | $852K | No change |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 1,500,000 | $848K | New |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 900,000 | $843K | Add +5.3% |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 3,119,000 | $827K | Reduce -0.5% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 85,332 | $813K | No change |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 800,000 | $783K | Add +41.1% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 756,000 | $754K | Add +8.6% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 700,000 | $735K | Reduce -12.5% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 571,000 | $726K | Reduce -85.7% |
| SEMTECH CORP (SMTC 4 11/01/28) | NOTE 4.000%11/0 · principal | 400,000 | $725K | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 468,000 | $682K | New |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 600,000 | $597K | Add +200.0% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 592,000 | $576K | Reduce -26.2% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 500,000 | $544K | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 21,318 | $520K | Reduce -4.5% |
| ARTIVION INC (AORT 4.25 07/01/25) | NOTE 4.250% 7/0 · principal | 460,000 | $510K | Reduce -86.3% |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 500,000 | $479K | No change |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 422,000 | $419K | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 386,000 | $407K | Reduce -85.1% |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | 390,000 | $382K | No change |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 120,000 | $379K | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 355,000 | $377K | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 351,000 | $365K | New |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 1,695,000 | $364K | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 351,000 | $361K | No change |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 49,679 | $357K | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 389,000 | $349K | Reduce -91.3% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 7,191 | $328K | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 300,000 | $317K | Add +5.3% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 259,000 | $312K | Reduce -83.2% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 292,000 | $298K | New |
| PAGERDUTY INC. (PD 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | 300,000 | $294K | No change |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 234,000 | $289K | Reduce -89.1% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 326,000 | $286K | No change |
| CAMTEK LTD/ISRAEL (CAMT 0 12/01/26) | NOTE 12/0 · principal | 217,000 | $262K | Reduce -58.0% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 219,000 | $226K | New |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 225,000 | $224K | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 188,000 | $208K | Reduce -17.5% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 177,000 | $208K | Reduce -93.9% |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 195,000 | $189K | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 210,000 | $187K | Reduce -82.9% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 10,351 | $178K | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 172,000 | $177K | No change |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 5,734 | $172K | Reduce -10.2% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 69,725 | $158K | Add +4.0% |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 658,000 | $157K | Reduce -58.0% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 146,000 | $134K | Reduce -42.5% |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,245 | $125K | Add +95.8% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 127,000 | $111K | New |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 160,000 | $107K | No change |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 2,110 | $96K | No change |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 25,000 | $96K | No change |
| BLOOM ENERGY CORP (BE 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 75,000 | $93K | Reduce -75.0% |
| BANDWIDTH INC (BAND 0.25 03/01/26) | NOTE 0.250% 3/0 · principal | 100,000 | $91K | No change |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 83,000 | $81K | Reduce -7.8% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 1,267 | $76K | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 76,000 | $72K | Reduce -92.9% |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 22,000 | $68K | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 54,000 | $51K | Reduce -90.0% |
Largest 200 of 286 shown.
Total filed on the 13F, all lines: $1.40T.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -1.6% | 2.67% | −0.62 |
| MSFT Microsoft Corp. | Reduce -1.3% | 3.33% | −0.38 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 2.27% | −0.30 |
| TTD Trade Desk Inc./the Class A | Reduce -66.8% | 0.02% | −0.12 |
| NOW ServiceNow Inc. | Reduce -2.8% | 0.30% | −0.10 |
| IVV iShares Core S&P 500 ETF | Reduce -5.4% | 1.06% | −0.09 |
| STZ Constellation Brands Inc. Class A | Reduce -58.9% | 0.04% | −0.08 |
| BLK BlackRock Inc. | Reduce -16.4% | 0.27% | −0.07 |
| BAC Bank of America Corp. | Reduce -14.4% | 0.32% | −0.07 |
| INTC Intel Corp. | Reduce -50.8% | 0.08% | −0.06 |
| ANET Arista Networks Inc. | Reduce -7.4% | 0.11% | −0.05 |
| CVNA Carvana Co. | Reduce -72.8% | 0.02% | −0.05 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -35.9% | 0.08% | −0.05 |
| SRE Sempra | Reduce -18.9% | 0.09% | −0.05 |
| ADBE Adobe Inc. | Reduce -5.9% | 0.21% | −0.04 |
| AMD Advanced Micro Devices | Reduce -3.6% | 0.22% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -5.5% | 0.35% | −0.04 |
| ET Energy Transfer LP | Reduce -25.9% | 0.09% | −0.04 |
| IOT Samsara Inc. Class A | Reduce -43.3% | 0.03% | −0.03 |
| HON Honeywell International Inc. | Reduce -6.6% | 0.28% | −0.03 |
| AXP American Express Co. | Reduce -4.1% | 0.26% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -2.4% | 0.28% | −0.03 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -71.1% | 0.01% | −0.03 |
| AFRM Affirm Holdings Inc. | Reduce -8.9% | 0.07% | −0.03 |
| MSCI MSCI Inc. | Reduce -36.8% | 0.05% | −0.03 |
| DECK Deckers Outdoor Corp. | Reduce -41.5% | 0.01% | −0.03 |
| HDB HDFC Bank Ltd.-ADR | Reduce -30.2% | 0.08% | −0.03 |
| ABNB Airbnb Inc. Class A | Reduce -13.0% | 0.12% | −0.03 |
| HD Home Depot Inc. | Reduce -0.2% | 0.57% | −0.02 |
| GLBE Global-E Online Ltd. | Reduce -0.9% | 0.05% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -1.6% | 0.08% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -16.1% | 0.14% | −0.02 |
| CAT Caterpillar Inc. | Reduce -4.6% | 0.17% | −0.02 |
| PTON Peloton Interactive Inc. Class A | Reduce -65.0% | 0.01% | −0.02 |
| DAL Delta Air Lines Inc. | Reduce -10.8% | 0.04% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -7.9% | 0.11% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -10.8% | 0.04% | −0.02 |
| NKE Nike Inc. Class B | Reduce -4.2% | 0.09% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -4.5% | 0.16% | −0.02 |
| EMR Emerson Electric Co. | Reduce -5.0% | 0.10% | −0.02 |
| GTM Zoominfo Technologies Inc. | Reduce -91.5% | 0.00% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -11.5% | 0.13% | −0.02 |
| XLK SS Technology Select Sector | Reduce -0.4% | 0.15% | −0.02 |
| IP International Paper Co. | Reduce -39.6% | 0.02% | −0.02 |
| COP Conocophillips | Reduce -17.2% | 0.13% | −0.02 |
| TPR Tapestry Inc. | Reduce -38.0% | 0.03% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.4% | 0.14% | −0.01 |
| RBLX Roblox Corp. Class A | Reduce -16.5% | 0.09% | −0.01 |
| REGN Regeneron Pharmaceuticals | Reduce -12.5% | 0.06% | −0.01 |
| IT Gartner Inc. | Reduce -9.3% | 0.06% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| ABBV Abbvie Inc. | Add +3.7% | 0.62% | +0.12 |
| JNJ Johnson & Johnson | Add +4.8% | 0.55% | +0.10 |
| LLY Eli Lilly & Co. | Add +3.4% | 0.88% | +0.10 |
| XOM Exxon Mobil Corp. | Add +5.4% | 0.63% | +0.10 |
| AMGN Amgen Inc. | Add +11.5% | 0.36% | +0.10 |
| UBER Uber Technologies Inc. | Add +1.6% | 0.43% | +0.09 |
| KO The Coca-Cola Co. | Add +4.3% | 0.44% | +0.08 |
| META Meta Platforms Inc. Class A | Add +4.9% | 1.56% | +0.08 |
| MCD McDonald's Corp. | Add +13.4% | 0.39% | +0.08 |
| IBM Intl Business Machines Corp. | Add +17.8% | 0.29% | +0.08 |
| PGR Progressive Corp. | Add +22.8% | 0.22% | +0.07 |
| BND Vanguard Total Bond Market | Add +7.3% | 0.67% | +0.07 |
| GLD SPDR Gold Shares | Add +13.1% | 0.26% | +0.07 |
| SPGI S&P Global Inc. | Add +26.1% | 0.29% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Add +17.1% | 0.74% | +0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +98.8% | 0.12% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 1.22% | +0.06 |
| T AT&T Inc. | Add +9.3% | 0.21% | +0.06 |
| ABT Abbott Laboratories | Add +0.1% | 0.34% | +0.06 |
| MSTR Strategy Inc. | Add +46.1% | 0.16% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +10.2% | 0.18% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +21.2% | 0.22% | +0.05 |
| NFLX Netflix Inc. | Add +1.8% | 0.57% | +0.05 |
| VZ Verizon Communications Inc. | Add +5.0% | 0.23% | +0.04 |
| WELL Welltower Inc. | Add +29.8% | 0.10% | +0.04 |
| AON Aon PLC Class A | Add +4.1% | 0.25% | +0.04 |
| MA Mastercard Inc. Class A | Add +0.0% | 0.63% | +0.04 |
| WFC Wells Fargo & Co. | Add +12.1% | 0.25% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +8.3% | 0.19% | +0.04 |
| GE General Electric | Add +2.0% | 0.17% | +0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +66.1% | 0.08% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +4.1% | 0.36% | +0.03 |
| WMB Williams Cos Inc. | Add +22.4% | 0.12% | +0.03 |
| CVS CVS Health Corp. | Add +2.1% | 0.09% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +13.5% | 0.16% | +0.03 |
| MO Altria Group Inc. | Add +20.0% | 0.11% | +0.03 |
| PLD Prologis Inc. | Add +13.4% | 0.17% | +0.03 |
| EQT Eqt Corp. | Add +47.5% | 0.07% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +4.0% | 0.40% | +0.03 |
| ECL Ecolab Inc. | Add +18.4% | 0.13% | +0.03 |
| GD General Dynamics Corp. | Add +22.9% | 0.13% | +0.03 |
| IWM iShares Russell 2000 ETF | Add +18.9% | 0.33% | +0.03 |
| VRTX Vertex Pharmaceuticals Inc. | Add +7.5% | 0.12% | +0.03 |
| AMT American Tower Corp. | Add +6.2% | 0.13% | +0.03 |
| APP AppLovin Corp. Class A | Add +64.4% | 0.11% | +0.03 |
| ETR Entergy Corp. | Add +60.8% | 0.06% | +0.03 |
| VGK Vanguard Ftse Europe ETF | Add +25.8% | 0.09% | +0.03 |
| WMT Walmart Inc. | Add +6.3% | 0.52% | +0.03 |
| AEP American Electric Power | Add +9.0% | 0.11% | +0.03 |
| ORCL Oracle Corp. | Add +28.4% | 0.29% | +0.03 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.4% | 44,769 | $53.8M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +1.4% | 36,376 | $44.9M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Add +2.0% | 574,603 | $31.5M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 536,153 | $26.5M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Reduce -15.8% | 25,275,000 | $24.0M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -5.1% | 24,258,000 | $22.7M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +30.7% | 439,196 | $21.0M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -21.1% | 20,259,000 | $19.8M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +129.4% | 476,326 | $19.4M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 20,386,000 | $19.2M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +61.9% | 12,968,000 | $19.1M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +58.6% | 14,536,000 | $17.7M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Add +8.1% | 17,655,000 | $17.1M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -12.8% | 18,984,000 | $16.4M |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | Sold out | 7,935,000 | $16.3Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Reduce -18.6% | 15,032,000 | $15.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +0.7% | 16,081,000 | $15.7M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -49.2% | 13,297,000 | $15.6M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -11.0% | 14,834,000 | $15.4M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +60.7% | 13,682,000 | $15.3M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Add +36.3% | 11,552,000 | $15.3M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +3.3% | 14,706,000 | $14.8M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Add +10.3% | 12,170,000 | $14.8M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -0.5% | 13,301,000 | $14.1M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +5.0% | 10,249,000 | $13.1M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Add +5.6% | 12,948,000 | $12.6M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Add +3.7% | 10,645,000 | $12.5M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Reduce -8.8% | 12,162,000 | $12.2M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Add +148.0% | 12,110,000 | $11.9M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Reduce -12.1% | 9,975,000 | $11.5M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 11,507,000 | $11.5M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Reduce -0.2% | 11,639,000 | $11.5M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Reduce -1.8% | 12,109,000 | $11.2M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -4.5% | 10,246,000 | $11.1M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | New | 12,869,000 | $11.0M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Add +129.0% | 9,787,000 | $10.8M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Add +67.2% | 9,629,000 | $10.8M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +17.3% | 10,686,000 | $10.7M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Reduce -4.4% | 11,276,000 | $10.4M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -34.2% | 8,629,000 | $10.3M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 8,760,000 | $10.1M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +16.4% | 8,404,000 | $10.0M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +222.8% | 136,622 | $10.0M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Reduce -25.2% | 9,877,000 | $9.9M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Add +757.5% | 10,521,000 | $9.7M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Reduce -22.9% | 10,971,000 | $9.6M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -18.8% | 7,860,000 | $9.6M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | New | 6,415,000 | $9.0M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -5.6% | 7,013,000 | $9.0M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Add +340.5% | 2,599,000 | $8.9M |
Showing the first 50 of 241.
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 | 8,129 | $1.89T | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 8,025 | $1.66T | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q4 2025Amended | 7,913 | $1.67T | AAPL, NVDA, MSFT, GOOGL, AMZN |
| Q3 2025Amended | 7,873 | $1.65T | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q2 2025 | 7,795 | $1.53T | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025 | 7,800 | $1.40T | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024Amended | 7,656 | $1.43T | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q3 2024Amended | 7,608 | $1.38T | AAPL, MSFT, NVDA, AMZN, META |
| Q2 2024Amended | 7,546 | $1.29T | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q1 2024Amended | 7,505 | $1.25T | MSFT, AAPL, NVDA, AMZN, SPY |