Morgan Stanley
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), Morgan Stanley reported 7,795 stock positions worth $1.53 trillion. Its top holding was Microsoft (MSFT) at 3.9% of the portfolio, followed by Nvidia (NVDA, 3.4%) and Apple (AAPL, 3.1%). Compared with Q1 2025, it opened 329 new positions, sold out of 334, added to 3,898 and reduced 2,939. The biggest buy was Oracle (ORCL, shares +6%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000895421
- Portfolio Value
- $1.53T (Q2 2025)
- SEC Filing
- 0000895421-25-000499 ↗ filed Aug 15, 2025
Holdings Value
Holdings 7,795 stocks · $1.53T
| MSFT Microsoft Corp. | 3.86% | 119,097,822 | $59.2B | Reduce -3.8% |
| NVDA Nvidia Corp. | 3.36% | 325,710,808 | $51.5B | Reduce -5.4% |
| AAPL Apple Inc. | 3.12% | 233,198,646 | $47.8B | Reduce -3.3% |
| AMZN Amazon.com Inc. | 2.30% | 160,498,619 | $35.2B | Reduce -3.6% |
| META Meta Platforms Inc. Class A | 1.79% | 37,219,287 | $27.5B | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 1.55% | 134,489,927 | $23.7B | Add +5.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.49% | 36,950,731 | $22.8B | Add +7.8% |
| AVGO Broadcom Inc. | 1.33% | 73,733,471 | $20.3B | Reduce -3.5% |
| JPM JPMorgan Chase & Co. | 1.27% | 66,985,321 | $19.4B | Reduce -3.4% |
| V Visa Inc. Class A | 1.16% | 50,055,517 | $17.8B | Reduce -0.9% |
| IVV iShares Core S&P 500 ETF | 1.00% | 24,758,410 | $15.4B | Reduce -6.1% |
| TSLA Tesla Inc. | 0.90% | 43,237,058 | $13.7B | Reduce -4.7% |
| VOO Vanguard S&P 500 ETF | 0.86% | 23,319,498 | $13.2B | Reduce -2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 27,190,809 | $13.2B | Reduce -2.2% |
| GOOG Alphabet Inc. Class C | 0.85% | 73,581,661 | $13.1B | Reduce -2.8% |
| IWF iShares Russell 1000 Growth | 0.76% | 27,366,214 | $11.6B | Add +9.9% |
| LLY Eli Lilly & Co. | 0.76% | 14,868,496 | $11.6B | Reduce -0.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.73% | 20,360,089 | $11.2B | Reduce -7.5% |
| NFLX Netflix Inc. | 0.73% | 8,362,431 | $11.2B | Reduce -2.4% |
| COST Costco Wholesale Corp. | 0.62% | 9,572,349 | $9.5B | Add +0.6% |
| MA Mastercard Inc. Class A | 0.59% | 16,200,349 | $9.1B | Add +0.5% |
| WMT Walmart Inc. | 0.55% | 85,527,567 | $8.4B | Add +2.8% |
| PG The Procter & Gamble Co. | 0.54% | 52,005,193 | $8.3B | Add +1.5% |
| HD Home Depot Inc. | 0.54% | 22,573,947 | $8.3B | Add +3.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.54% | 98,621,249 | $8.2B | Add +2.1% |
| XOM Exxon Mobil Corp. | 0.52% | 74,142,366 | $8.0B | Reduce -0.3% |
| BND Vanguard Total Bond Market | 0.51% | 106,500,742 | $7.8B | Reduce -16.3% |
| ABBV Abbvie Inc. | 0.50% | 41,700,001 | $7.7B | Add +1.3% |
| JNJ Johnson & Johnson | 0.47% | 46,984,867 | $7.2B | Add +2.1% |
| UBER Uber Technologies Inc. | 0.46% | 74,816,802 | $7.0B | Reduce -9.1% |
| IWD iShares Russell 1000 Value E | 0.45% | 35,679,281 | $6.9B | Reduce -6.8% |
| ORCL Oracle Corp. | 0.44% | 30,732,351 | $6.7B | Add +6.1% |
| KO The Coca-Cola Co. | 0.42% | 90,555,820 | $6.4B | Add +5.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.42% | 14,559,215 | $6.4B | Add +3.8% |
| PANW Palo Alto Networks Inc. | 0.41% | 30,579,068 | $6.3B | Add +6.5% |
| RSP Invesco S&P 500 Equal Weight | 0.39% | 32,653,255 | $5.9B | Add +9.8% |
| GS Goldman Sachs Group Inc. | 0.38% | 8,338,309 | $5.9B | Reduce -3.9% |
| IEMG iShares Core MSCI Emerging | 0.38% | 96,654,302 | $5.8B | Add +3.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.38% | 32,675,343 | $5.8B | Add +1.7% |
| CRM Salesforce Inc. | 0.36% | 20,456,474 | $5.6B | Add +1.0% |
| NOW ServiceNow Inc. | 0.35% | 5,212,637 | $5.4B | Reduce -1.1% |
| SPOT Spotify Technology SA | 0.34% | 6,824,447 | $5.2B | Add +0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 12,877,595 | $5.2B | Add +11.1% |
| MELI MercadoLibre Inc. | 0.34% | 1,981,825 | $5.2B | Reduce -3.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 103,655,328 | $4.9B | Reduce -3.3% |
| CSCO Cisco Systems Inc. | 0.32% | 70,334,963 | $4.9B | Reduce -2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 39,132,468 | $4.9B | Reduce -6.0% |
| CVX Chevron Corp. | 0.31% | 33,558,599 | $4.8B | Reduce -1.5% |
| ABT Abbott Laboratories | 0.31% | 35,206,652 | $4.8B | Reduce -2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 16,123,577 | $4.8B | Reduce -2.3% |
| BX Blackstone Inc. | 0.31% | 31,662,380 | $4.7B | Add +6.0% |
| UNH Unitedhealth Group Inc. | 0.31% | 15,102,503 | $4.7B | Reduce -29.3% |
| MCD McDonald's Corp. | 0.31% | 16,080,764 | $4.7B | Reduce -8.4% |
| AMGN Amgen Inc. | 0.29% | 16,184,781 | $4.5B | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 0.29% | 20,861,715 | $4.5B | Reduce -10.2% |
| PLTR Palantir Technologies Inc. Class A | 0.29% | 32,948,594 | $4.5B | Add +5.5% |
| ETN Eaton Corp. PLC | 0.29% | 12,537,354 | $4.5B | Add +6.5% |
| NEE Nextera Energy Inc. | 0.29% | 63,932,498 | $4.4B | Add +5.7% |
| BKNG Booking Holdings Inc. | 0.28% | 748,254 | $4.3B | Add +3.9% |
| AXP American Express Co. | 0.28% | 13,522,045 | $4.3B | Add +1.8% |
| HON Honeywell International Inc. | 0.28% | 18,518,985 | $4.3B | Add +1.4% |
| DASH DoorDash Inc. Class A | 0.28% | 17,421,710 | $4.3B | Reduce -10.6% |
| RTX RTX Corp. | 0.28% | 28,929,033 | $4.2B | Add +0.6% |
| SPGI S&P Global Inc. | 0.27% | 7,995,078 | $4.2B | Add +1.7% |
| AMD Advanced Micro Devices | 0.27% | 29,616,717 | $4.2B | Reduce -0.1% |
| ACN Accenture PLC Class A | 0.27% | 13,973,527 | $4.2B | Add +1.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 13,620,314 | $4.1B | Add +1.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.27% | 8,080,936 | $4.1B | Reduce -6.4% |
| WFC Wells Fargo & Co. | 0.27% | 51,114,896 | $4.1B | Add +4.8% |
| PM Philip Morris International | 0.26% | 21,734,004 | $4.0B | Add +1.8% |
| NET Cloudflare Inc. Class A | 0.26% | 20,033,471 | $3.9B | Reduce -7.0% |
| BLK BlackRock Inc. | 0.25% | 3,640,623 | $3.8B | Reduce -9.0% |
| VEA Vanguard Ftse Developed ETF | 0.24% | 65,818,077 | $3.8B | Add +11.1% |
| IVW iShares S&P 500 Growth ETF | 0.24% | 33,994,243 | $3.7B | Add +3.2% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.24% | 9,195,257 | $3.7B | Add +19.7% |
| INTU Intuit Inc. | 0.23% | 4,493,498 | $3.5B | Add +2.7% |
| GLD SPDR Gold Shares | 0.23% | 11,534,925 | $3.5B | Reduce -6.9% |
| MRK Merck & Co. Inc. | 0.23% | 44,200,694 | $3.5B | Add +2.5% |
| LIN Linde PLC | 0.22% | 7,277,037 | $3.4B | Add +1.1% |
| SHOP Shopify Inc. Class A | 0.22% | 29,332,704 | $3.4B | Reduce -2.4% |
| AON Aon PLC Class A | 0.22% | 9,467,412 | $3.4B | Add +8.5% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 12,995,841 | $3.3B | Add +7.6% |
| ISRG Intuitive Surgical Inc. | 0.22% | 6,104,299 | $3.3B | Add +2.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 26,773,324 | $3.3B | Add +4.3% |
| ADP Automatic Data Processing | 0.21% | 10,638,058 | $3.3B | Reduce -4.5% |
| PEP Pepsico Inc. | 0.21% | 24,656,621 | $3.3B | Reduce -5.6% |
| T AT&T Inc. | 0.21% | 109,991,107 | $3.2B | Add +4.0% |
| VZ Verizon Communications Inc. | 0.21% | 73,450,148 | $3.2B | Add +3.5% |
| TMUS T-Mobile US Inc. | 0.21% | 13,216,256 | $3.1B | Add +1.9% |
| ICE Intercontinental Exchange Inc. | 0.20% | 17,048,321 | $3.1B | Reduce -1.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.20% | 13,744,097 | $3.1B | Reduce -27.8% |
| QCOM Qualcomm Inc. | 0.20% | 19,492,991 | $3.1B | Add +4.0% |
| JPST JPMorgan Ultra-Short Income | 0.20% | 60,510,473 | $3.1B | Add +9.2% |
| XLK SS Technology Select Sector | 0.20% | 11,983,918 | $3.0B | Add +22.0% |
| PGR Progressive Corp. | 0.20% | 11,339,845 | $3.0B | Add +2.6% |
| AGG iShares Core U.S. Aggregate | 0.20% | 30,475,241 | $3.0B | Reduce -3.0% |
| BSV Vanguard Short-Term Bond ETF | 0.19% | 37,597,584 | $3.0B | Add +151.9% |
| ADBE Adobe Inc. | 0.19% | 7,403,573 | $2.9B | Reduce -5.4% |
| CAT Caterpillar Inc. | 0.18% | 7,288,145 | $2.8B | Add +1.7% |
| GEV GE Vernova Inc. | 0.18% | 5,228,078 | $2.8B | Add +25.3% |
Other holdings (293): bonds, preferreds, convertibles and warrants · $1.4B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 46,325 | $54.4M | Add +3.5% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 37,184 | $45.1M | Add +2.2% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 735,943 | $44.5M | Add +28.1% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 38,398,000 | $38.4M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 332,530 | $38.3M | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 24,335,000 | $30.9M | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 679,878 | $27.0M | Add +42.7% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 25,748,000 | $24.3M | Add +6.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 24,877,000 | $23.5M | Reduce -1.6% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 15,469,000 | $22.1M | Add +6.4% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 19,443,000 | $20.3M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 19,844,000 | $19.7M | Add +49.2% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 14,676,000 | $19.5M | Add +20.6% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 17,767,000 | $18.8M | Add +73.4% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 19,644,000 | $18.2M | Add +3.5% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 377,579 | $17.8M | Reduce -14.0% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 285,218 | $17.7M | New |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 11,886,000 | $17.3M | Add +129.4% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 15,975,000 | $16.5M | Add +51.8% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 14,781,000 | $16.4M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 15,030,000 | $15.8M | Reduce -14.9% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 8,839,000 | $15.7M | Reduce -31.8% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 10,326,000 | $15.6M | Add +19.7% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 12,702,000 | $15.0M | Add +28.6% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 13,965,000 | $14.9M | Reduce -5.0% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 14,431,000 | $14.7M | Reduce -10.3% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 246,498 | $14.5M | Add +95.7% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 11,028,000 | $14.3M | Add +10.6% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 11,309,000 | $13.5M | Add +61.3% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 160,274 | $13.2M | Add +273.7% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 12,400,000 | $13.2M | Add +7.8% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 14,714,000 | $13.1M | Reduce -27.8% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 12,960,000 | $12.8M | Reduce -36.0% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 12,948,000 | $12.7M | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 10,173,000 | $12.7M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 11,655,000 | $12.6M | Add +85.7% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 10,631,000 | $12.6M | Reduce -0.1% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 12,183,000 | $11.8M | Add +4.7% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 10,250,000 | $11.7M | Add +0.0% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 12,869,000 | $11.2M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 11,971,000 | $10.9M | Add +9.1% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 8,845,000 | $10.6M | Reduce -41.2% |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 11,476,000 | $10.6M | Add +1.8% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 10,600,000 | $10.4M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 10,251,000 | $10.4M | Reduce -15.3% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 9,121,000 | $10.4M | Add +4.1% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 192,235 | $10.3M | Reduce -64.2% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 8,753,000 | $10.2M | Reduce -34.2% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 8,719,000 | $10.0M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 9,062,000 | $9.8M | Reduce -33.8% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 7,860,000 | $9.7M | No change |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 5,090,000 | $9.6M | Reduce -20.6% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 9,513,000 | $9.6M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 8,888,000 | $9.4M | Reduce -9.2% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 10,008,000 | $9.3M | Add +11.5% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 8,004,000 | $9.0M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 7,655,000 | $8.7M | Reduce -8.9% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 7,506,000 | $8.7M | Add +51.3% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 227,930 | $8.6M | Add +35.3% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 4,680,000 | $8.4M | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 161,714 | $7.9M | Add +12.7% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 2,154,000 | $7.8M | Add +305.6% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 64,214 | $7.8M | Add +385.5% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 7,148,000 | $7.7M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 7,820,000 | $7.7M | New |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 8,124,000 | $7.5M | No change |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 7,575,000 | $7.5M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 7,531,000 | $7.5M | Add +0.1% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 7,330,000 | $7.4M | Reduce -50.6% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 5,901,000 | $7.4M | Add +492.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 227,941 | $7.3M | Add +196.6% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 6,740,000 | $7.2M | Add +74.6% |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 7,645,000 | $7.2M | New |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 7,220,000 | $7.1M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 7,003,000 | $7.0M | Add +2298.3% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 7,995,000 | $6.9M | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 91,605 | $6.9M | Reduce -33.0% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 6,930,000 | $6.7M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 7,133,000 | $6.7M | Add +4.9% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 6,013,000 | $6.3M | Add +24.2% |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 5,510,000 | $6.2M | No change |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 5,769,000 | $6.1M | New |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 6,910,000 | $6.1M | Add +17.3% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 85,006 | $5.8M | Add +107.1% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 6,600,000 | $5.6M | No change |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 5,600,000 | $5.4M | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 5,482,000 | $5.4M | Add +40.5% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 3,503,000 | $5.4M | Add +111.5% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 5,700,000 | $5.3M | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 5,902,000 | $5.3M | No change |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 4,658,000 | $5.1M | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 4,990,000 | $4.8M | No change |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 3,375,000 | $4.7M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 3,502,000 | $4.4M | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 3,100,000 | $4.4M | Reduce -39.6% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 4,577,000 | $4.3M | Add +29.9% |
| 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 | No change |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 3,774,000 | $4.2M | New |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 1,922,000 | $4.0M | New |
| MAKEMYTRIP LIMITED (MMYT 0 02/15/28) | NOTE 2/1 · principal | 1,550,000 | $3.9M | New |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 3,296,000 | $3.9M | New |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 3,225,000 | $3.8M | Add +134.0% |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 3,933,000 | $3.8M | Add +246.2% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 3,313,000 | $3.4M | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 3,582,000 | $3.4M | Reduce -60.1% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 3,730,000 | $3.3M | Reduce -29.4% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 3,202,000 | $3.2M | Reduce -13.7% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 1,950,000 | $3.1M | Reduce -10.6% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 3,345,000 | $2.9M | No change |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 2,699,000 | $2.6M | Add +0.9% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 2,674,000 | $2.6M | Reduce -1.3% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 2,150,000 | $2.6M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,476,000 | $2.5M | Add +0.4% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 2,452,000 | $2.4M | Add +25.5% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 2,092,000 | $2.1M | Add +253.4% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 2,187,000 | $2.1M | No change |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 2,106,000 | $2.0M | New |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 2,056,000 | $2.0M | Reduce -74.2% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 1,732,000 | $2.0M | Reduce -14.8% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 2,060,000 | $1.9M | Reduce -27.1% |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 1,430,000 | $1.9M | New |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 1,955,000 | $1.9M | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 1,868,000 | $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 | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 1,839,000 | $1.7M | Add +372.8% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 38,537 | $1.7M | Add +435.9% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 1,463,000 | $1.7M | New |
| BLOOM ENERGY CORP (BE 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 1,125,000 | $1.7M | Add +1400.0% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 1,400,000 | $1.7M | New |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 1,850,000 | $1.7M | Reduce -79.4% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 1,403,000 | $1.6M | Add +9253.3% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 1,065,000 | $1.6M | Add +501.7% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,581,000 | $1.6M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 1,720,000 | $1.6M | Add +1.2% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 77,042 | $1.6M | Reduce -2.3% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 29,564 | $1.6M | Reduce -16.6% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 1,500,000 | $1.6M | New |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,506,000 | $1.4M | Reduce -16.6% |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 1,000,000 | $1.4M | New |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 1,400,000 | $1.4M | No change |
| T1 ENERGY INC | *W EXP 07/09/202 | 9,236,836 | $1.4M | No change |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 35,034 | $1.3M | Add +44.8% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 1,880,000 | $1.3M | No change |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 455,000 | $1.3M | No change |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 582,000 | $1.2M | New |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 1,267,000 | $1.2M | Add +1426.5% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 668,000 | $1.2M | New |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | 906,000 | $1.2M | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 711,000 | $1.1M | No change |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 824,000 | $1.0M | New |
| BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 607,000 | $1.0M | No change |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 1,119,000 | $1.0M | New |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 571,000 | $996K | No change |
| SEMTECH CORP (SMTC 4 11/01/28) | NOTE 4.000%11/0 · principal | 400,000 | $924K | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 960,000 | $911K | Add +6.7% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 36,328 | $910K | Reduce -27.7% |
| SUNRUN INC (RUN 0 02/01/26) | NOTE 2/0 · principal | 950,000 | $893K | No change |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 806,000 | $864K | No change |
| Q2 HOLDINGS INC (QTWO 0.125 11/15/25) | NOTE 0.125%11/1 · principal | 874,000 | $858K | No change |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | 900,000 | $814K | Reduce -35.7% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 823,000 | $798K | Reduce -37.8% |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 800,000 | $790K | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 901,000 | $781K | Reduce -25.3% |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 700,000 | $741K | No change |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 84,936 | $734K | Reduce -0.5% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 468,000 | $700K | No change |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 609,000 | $683K | Add +135.1% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 484,000 | $681K | Reduce -83.7% |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 283,078 | $665K | New |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 1,004,000 | $632K | Reduce -19.9% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 581,000 | $576K | Reduce -23.1% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 603,000 | $574K | Add +42.9% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 558,000 | $574K | Add +224.4% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 500,000 | $559K | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 22,519 | $533K | Add +5.6% |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 500,000 | $527K | No change |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 352,000 | $451K | Add +0.3% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 351,000 | $383K | No change |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | 390,000 | $382K | No change |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 416,000 | $353K | New |
| CAMTEK LTD/ISRAEL (CAMT 0 12/01/26) | NOTE 12/0 · principal | 217,000 | $335K | No change |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 18,214 | $313K | Reduce -63.3% |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 234,000 | $312K | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 300,000 | $298K | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 408,000 | $294K | Reduce -96.6% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 326,000 | $290K | No change |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 280,000 | $284K | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 219,000 | $246K | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 205,000 | $243K | Reduce -85.1% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 244,000 | $221K | Add +16.2% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 178,000 | $211K | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 210,000 | $203K | Reduce -90.0% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 6,470 | $202K | Add +12.8% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 188,000 | $200K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 10,046 | $176K | Reduce -3.0% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 220,000 | $174K | New |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 25,000 | $156K | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 2,091 | $139K | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 146,000 | $134K | No change |
Largest 200 of 293 shown.
Total filed on the 13F, all lines: $1.54T.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -3.3% | 3.12% | −0.71 |
| UNH Unitedhealth Group Inc. | Reduce -29.3% | 0.31% | −0.49 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.2% | 0.86% | −0.20 |
| BND Vanguard Total Bond Market | Reduce -16.3% | 0.51% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -0.0% | 0.76% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.52% | −0.11 |
| V Visa Inc. Class A | Reduce -0.9% | 1.16% | −0.11 |
| BDX Becton Dickinson and Co. | Reduce -53.5% | 0.04% | −0.10 |
| CVX Chevron Corp. | Reduce -1.5% | 0.31% | −0.09 |
| MCD McDonald's Corp. | Reduce -8.4% | 0.31% | −0.09 |
| PEP Pepsico Inc. | Reduce -5.6% | 0.21% | −0.07 |
| AMGN Amgen Inc. | Reduce -0.3% | 0.29% | −0.07 |
| IWD iShares Russell 1000 Value E | Reduce -6.8% | 0.45% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -16.1% | 0.08% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -6.1% | 1.00% | −0.06 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.06 |
| XLF SS Financial Select Sector | Reduce -21.8% | 0.15% | −0.05 |
| TLT iShares 20+ Year Treasury BD | Reduce -32.5% | 0.07% | −0.05 |
| BABA Alibaba Group Holding-SP ADR | Reduce -35.9% | 0.05% | −0.05 |
| TDG Transdigm Group Inc. | Reduce -33.1% | 0.09% | −0.05 |
| SBUX Starbucks Corp. | Reduce -8.1% | 0.15% | −0.04 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -28.4% | 0.08% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -10.2% | 0.29% | −0.04 |
| DHR Danaher Corp. | Reduce -8.3% | 0.15% | −0.04 |
| HOLX Hologic Inc. | Reduce -76.9% | 0.01% | −0.04 |
| PFE Pfizer Inc. | Reduce -12.8% | 0.11% | −0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -39.5% | 0.03% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -8.5% | 0.17% | −0.03 |
| TSCO Tractor Supply Company | Reduce -46.3% | 0.03% | −0.03 |
| COP Conocophillips | Reduce -2.9% | 0.10% | −0.03 |
| CME Cme Group Inc. | Reduce -10.6% | 0.17% | −0.03 |
| ABT Abbott Laboratories | Reduce -2.6% | 0.31% | −0.03 |
| ADP Automatic Data Processing | Reduce -4.5% | 0.21% | −0.03 |
| AJG Arthur J Gallagher & Co. | Reduce -0.7% | 0.15% | −0.03 |
| ADBE Adobe Inc. | Reduce -5.4% | 0.19% | −0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -21.7% | 0.07% | −0.03 |
| PLD Prologis Inc. | Reduce -2.4% | 0.14% | −0.03 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -22.5% | 0.06% | −0.03 |
| FBND Fidelity Total Bond ETF | Reduce -16.6% | 0.09% | −0.03 |
| VGIT Vanguard Intermediate-Term T | Reduce -20.1% | 0.07% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -5.1% | 0.09% | −0.03 |
| UNP Union Pacific Corp. | Reduce -4.5% | 0.15% | −0.03 |
| GLD SPDR Gold Shares | Reduce -6.9% | 0.23% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -3.0% | 0.20% | −0.03 |
| BRO Brown & Brown Inc. | Reduce -22.7% | 0.04% | −0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -14.1% | 0.10% | −0.02 |
| GLBE Global-E Online Ltd. | Reduce -44.8% | 0.02% | −0.02 |
| SLB SLB Ltd. | Reduce -0.1% | 0.07% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -27.8% | 0.20% | −0.02 |
| EPD Enterprise Products Partners | Reduce -18.4% | 0.05% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| ORCL Oracle Corp. | Add +6.1% | 0.44% | +0.15 |
| GOOGL Alphabet Inc. Class A | Add +5.7% | 1.55% | +0.14 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.8% | 1.49% | +0.12 |
| IWF iShares Russell 1000 Growth | Add +9.9% | 0.76% | +0.11 |
| BSV Vanguard Short-Term Bond ETF | Add +151.9% | 0.19% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | Add +5.5% | 0.29% | +0.10 |
| GEV GE Vernova Inc. | Add +25.3% | 0.18% | +0.09 |
| MSTR Strategy Inc. | Add +19.7% | 0.24% | +0.08 |
| SPOT Spotify Technology SA | Add +0.8% | 0.34% | +0.07 |
| CEG Constellation Energy | Add +10.0% | 0.17% | +0.06 |
| ETN Eaton Corp. PLC | Add +6.5% | 0.29% | +0.06 |
| COF Capital One Financial Corp. | Add +108.0% | 0.11% | +0.06 |
| PANW Palo Alto Networks Inc. | Add +6.5% | 0.41% | +0.06 |
| XLK SS Technology Select Sector | Add +22.0% | 0.20% | +0.05 |
| QXO Qxo Inc. | Add +225.3% | 0.06% | +0.05 |
| IONQ Ionq Inc. | Add +290.2% | 0.06% | +0.05 |
| BKNG Booking Holdings Inc. | Add +3.9% | 0.28% | +0.05 |
| GE General Electric | Add +7.6% | 0.22% | +0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.8% | 0.42% | +0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +69.8% | 0.12% | +0.04 |
| COIN Coinbase Global Inc. Class A | Add +1.6% | 0.09% | +0.04 |
| INTU Intuit Inc. | Add +2.7% | 0.23% | +0.04 |
| TTD Trade Desk Inc./the Class A | Add +129.2% | 0.06% | +0.04 |
| VST Vistra Corp. | Add +5.2% | 0.10% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +32.1% | 0.07% | +0.04 |
| SOXX iShares Semiconductor ETF | Add +110.5% | 0.06% | +0.04 |
| AFRM Affirm Holdings Inc. | Add +4.6% | 0.10% | +0.03 |
| TT Trane Technologies PLC | Add +7.1% | 0.14% | +0.03 |
| ZTS Zoetis Inc. | Add +38.9% | 0.18% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +11.1% | 0.24% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | Add +38.5% | 0.09% | +0.03 |
| CNM Core & Main Inc. Class A | Add +49.1% | 0.06% | +0.03 |
| AXP American Express Co. | Add +1.8% | 0.28% | +0.03 |
| PARAA Paramount Global Class B | Add +302.3% | 0.03% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +3.2% | 0.24% | +0.03 |
| XLC SS Comm Select Sector SPDR | Add +43.0% | 0.07% | +0.02 |
| AMAT Applied Materials Inc. | Add +6.2% | 0.13% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +12.4% | 0.14% | +0.02 |
| WMT Walmart Inc. | Add +2.8% | 0.55% | +0.02 |
| IWP iShares Russell Mid-Cap Grow | Add +5.8% | 0.18% | +0.02 |
| KDP Keurig Dr Pepper Inc. | Add +76.7% | 0.06% | +0.02 |
| LYV Live Nation Entertainment Inc. | Add +86.5% | 0.04% | +0.02 |
| INFY Infosys Ltd.-SP ADR | Add +122.3% | 0.04% | +0.02 |
| HWM Howmet Aerospace Inc. | Add +8.7% | 0.07% | +0.02 |
| SUB iShares Short-Term National | Add +92.8% | 0.04% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +3.9% | 0.38% | +0.02 |
| DELL Dell Technologies -C | Add +2.4% | 0.09% | +0.02 |
| NKE Nike Inc. Class B | Add +18.4% | 0.11% | +0.02 |
| XLI SS Industrial Select Sector | Add +19.0% | 0.10% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +9.8% | 0.39% | +0.02 |
Notes & Other Activity Q1 2025 → Q2 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +3.5% | 46,325 | $54.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +2.2% | 37,184 | $45.1M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Add +28.1% | 735,943 | $44.5M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | New | 38,398,000 | $38.4M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | New | 332,530 | $38.3M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 24,335,000 | $30.9M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +42.7% | 679,878 | $27.0M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +6.1% | 25,748,000 | $24.3M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Reduce -1.6% | 24,877,000 | $23.5M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +6.4% | 15,469,000 | $22.1M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 19,443,000 | $20.3M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +49.2% | 19,844,000 | $19.7M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Add +20.6% | 14,676,000 | $19.5M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +73.4% | 17,767,000 | $18.8M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +3.5% | 19,644,000 | $18.2M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -14.0% | 377,579 | $17.8M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | New | 285,218 | $17.7M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | Add +129.4% | 11,886,000 | $17.3M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Add +51.8% | 15,975,000 | $16.5M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 14,781,000 | $16.4M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Reduce -14.9% | 15,030,000 | $15.8M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -31.8% | 8,839,000 | $15.7M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +19.7% | 10,326,000 | $15.6M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 11,552,000 | $15.3Mbefore exit |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +28.6% | 12,702,000 | $15.0M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Reduce -5.0% | 13,965,000 | $14.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -10.3% | 14,431,000 | $14.7M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +95.7% | 246,498 | $14.5M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Add +10.6% | 11,028,000 | $14.3M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +61.3% | 11,309,000 | $13.5M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | Add +273.7% | 160,274 | $13.2M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Add +7.8% | 12,400,000 | $13.2M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Reduce -27.8% | 14,714,000 | $13.1M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -36.0% | 12,960,000 | $12.8M |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | New | 10,173,000 | $12.7M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Add +85.7% | 11,655,000 | $12.6M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Reduce -0.1% | 10,631,000 | $12.6M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +4.7% | 12,183,000 | $11.8M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Add +0.0% | 10,250,000 | $11.7M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Add +9.1% | 11,971,000 | $10.9M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Sold out | 9,629,000 | $10.8Mbefore exit |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 10,686,000 | $10.7Mbefore exit |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Reduce -41.2% | 8,845,000 | $10.6M |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +1.8% | 11,476,000 | $10.6M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 10,600,000 | $10.4M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -15.3% | 10,251,000 | $10.4M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Add +4.1% | 9,121,000 | $10.4M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -64.2% | 192,235 | $10.3M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -34.2% | 8,753,000 | $10.2M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 8,719,000 | $10.0M |
Showing the first 50 of 242.
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 |