Morgan Stanley
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Morgan Stanley reported 8,025 stock positions worth $1.66 trillion. Its top holding was Apple (AAPL) at 3.7% of the portfolio, followed by Nvidia (NVDA, 3.6%) and Microsoft (MSFT, 2.8%). Compared with Q4 2025, it opened 449 new positions, sold out of 335, added to 3,422 and reduced 3,418. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +38%) and the biggest sale Alphabet Class A (GOOGL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000895421
- Portfolio Value
- $1.66T (Q1 2026)
- SEC Filing
- 0000895421-26-000183 ↗ filed May 15, 2026
Holdings Value
Holdings 8,025 stocks · $1.66T
| AAPL Apple Inc. | 3.74% | 244,474,722 | $62.0B | Add +6.1% |
| NVDA Nvidia Corp. | 3.61% | 342,954,346 | $59.8B | Add +5.9% |
| MSFT Microsoft Corp. | 2.79% | 124,881,288 | $46.2B | Add +3.0% |
| AMZN Amazon.com Inc. | 2.18% | 173,925,856 | $36.2B | Add +7.6% |
| GOOGL Alphabet Inc. Class A | 2.10% | 120,955,598 | $34.8B | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.59% | 40,502,730 | $26.3B | Add +38.1% |
| AVGO Broadcom Inc. | 1.42% | 75,935,152 | $23.5B | Add +4.1% |
| META Meta Platforms Inc. Class A | 1.31% | 38,078,962 | $21.8B | Add +1.4% |
| GOOG Alphabet Inc. Class C | 1.24% | 71,667,565 | $20.6B | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 1.22% | 68,544,442 | $20.2B | Add +3.3% |
| IVV iShares Core S&P 500 ETF | 0.92% | 23,381,866 | $15.3B | Reduce -2.7% |
| TSLA Tesla Inc. | 0.88% | 39,177,400 | $14.6B | Add +9.5% |
| VOO Vanguard S&P 500 ETF | 0.88% | 24,365,727 | $14.6B | Reduce -0.8% |
| LLY Eli Lilly & Co. | 0.86% | 15,437,458 | $14.2B | Reduce -1.0% |
| V Visa Inc. Class A | 0.84% | 45,979,950 | $13.9B | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.78% | 26,854,441 | $12.9B | Add +2.2% |
| IWF iShares Russell 1000 Growth | 0.77% | 29,764,605 | $12.7B | Add +7.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.75% | 21,535,425 | $12.4B | Add +34.3% |
| XOM Exxon Mobil Corp. | 0.73% | 71,718,998 | $12.2B | Reduce -3.7% |
| JNJ Johnson & Johnson | 0.66% | 44,721,167 | $10.9B | Reduce -3.5% |
| WMT Walmart Inc. | 0.64% | 85,906,471 | $10.7B | Add +1.9% |
| COST Costco Wholesale Corp. | 0.59% | 9,898,711 | $9.9B | Add +3.9% |
| NFLX Netflix Inc. | 0.57% | 99,018,124 | $9.5B | Add +16.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.57% | 105,157,541 | $9.5B | Add +0.3% |
| BND Vanguard Total Bond Market | 0.56% | 125,018,604 | $9.2B | Add +0.1% |
| IWD iShares Russell 1000 Value E | 0.54% | 42,227,257 | $9.0B | Add +6.5% |
| IEMG iShares Core MSCI Emerging | 0.53% | 126,259,202 | $8.8B | Add +22.8% |
| ABBV Abbvie Inc. | 0.50% | 38,016,774 | $8.3B | Reduce -5.1% |
| CVX Chevron Corp. | 0.46% | 36,847,021 | $7.6B | Add +1.5% |
| MA Mastercard Inc. Class A | 0.46% | 15,162,577 | $7.6B | Reduce -5.5% |
| IWM iShares Russell 2000 ETF | 0.45% | 29,761,929 | $7.4B | Add +73.8% |
| HD Home Depot Inc. | 0.44% | 22,369,334 | $7.4B | Add +1.2% |
| PG The Procter & Gamble Co. | 0.43% | 49,216,260 | $7.1B | Add +0.8% |
| KO The Coca-Cola Co. | 0.42% | 91,894,070 | $7.0B | Reduce -1.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.40% | 33,645,562 | $6.6B | Add +1.4% |
| RSP Invesco S&P 500 Equal Weight | 0.40% | 34,154,520 | $6.6B | Add +9.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.39% | 14,863,770 | $6.5B | Add +3.3% |
| CSCO Cisco Systems Inc. | 0.36% | 77,731,032 | $6.0B | Add +3.2% |
| NEE Nextera Energy Inc. | 0.36% | 64,751,882 | $6.0B | Reduce -1.4% |
| CRM Salesforce Inc. | 0.36% | 31,675,603 | $5.9B | Add +66.6% |
| RTX RTX Corp. | 0.35% | 30,123,739 | $5.8B | Add +1.1% |
| GS Goldman Sachs Group Inc. | 0.35% | 6,816,599 | $5.8B | Reduce -8.7% |
| MRK Merck & Co. Inc. | 0.35% | 47,632,487 | $5.7B | Add +6.0% |
| MU Micron Technology Inc. | 0.34% | 16,842,006 | $5.7B | Add +2.7% |
| AMGN Amgen Inc. | 0.34% | 15,836,058 | $5.6B | Add +0.6% |
| GEV GE Vernova Inc. | 0.34% | 6,369,723 | $5.6B | Add +5.2% |
| UBER Uber Technologies Inc. | 0.33% | 77,069,501 | $5.5B | Reduce -3.9% |
| VEA Vanguard Ftse Developed ETF | 0.33% | 84,618,722 | $5.4B | Reduce -6.5% |
| TMO Thermo Fisher Scientific Inc. | 0.32% | 10,863,528 | $5.3B | Reduce -8.7% |
| CAT Caterpillar Inc. | 0.32% | 7,499,662 | $5.3B | Add +6.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 108,670,801 | $5.3B | Reduce -3.6% |
| PANW Palo Alto Networks Inc. | 0.31% | 32,318,958 | $5.2B | Add +6.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.30% | 14,767,680 | $5.0B | Add +9.3% |
| MCD McDonald's Corp. | 0.29% | 15,618,509 | $4.9B | Add +2.3% |
| AMD Advanced Micro Devices | 0.29% | 23,781,608 | $4.8B | Reduce -5.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 19,630,951 | $4.8B | Add +32.1% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 32,202,689 | $4.7B | Add +10.3% |
| GLD SPDR Gold Shares | 0.28% | 10,912,378 | $4.7B | Reduce -21.5% |
| ETN Eaton Corp. PLC | 0.28% | 13,111,623 | $4.7B | Add +1.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 14,341,153 | $4.6B | Add +4.0% |
| ORCL Oracle Corp. | 0.26% | 29,132,672 | $4.3B | Add +7.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 26,724,660 | $4.3B | Add +0.7% |
| HON Honeywell International Inc. | 0.25% | 18,428,804 | $4.2B | Reduce -5.1% |
| PEP Pepsico Inc. | 0.25% | 26,581,174 | $4.1B | Add +6.5% |
| WFC Wells Fargo & Co. | 0.25% | 51,687,402 | $4.1B | Reduce -3.5% |
| SPOT Spotify Technology SA | 0.24% | 8,380,266 | $4.1B | Add +27.0% |
| LRCX Lam Research Corp. | 0.24% | 18,971,122 | $4.1B | Reduce -4.6% |
| UNH Unitedhealth Group Inc. | 0.24% | 14,963,569 | $4.0B | Reduce -5.2% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 14,267,249 | $4.0B | Add +2.5% |
| AMAT Applied Materials Inc. | 0.24% | 11,843,881 | $4.0B | Add +3.3% |
| PM Philip Morris International | 0.24% | 24,405,704 | $4.0B | Add +4.2% |
| IVW iShares S&P 500 Growth ETF | 0.23% | 34,306,897 | $3.9B | Add +2.0% |
| AXP American Express Co. | 0.23% | 12,808,752 | $3.9B | Reduce -3.0% |
| BX Blackstone Inc. | 0.23% | 32,494,438 | $3.7B | Reduce -1.1% |
| VZ Verizon Communications Inc. | 0.22% | 74,068,170 | $3.7B | Add +14.0% |
| LIN Linde PLC | 0.22% | 7,358,093 | $3.6B | Add +3.8% |
| UNP Union Pacific Corp. | 0.22% | 14,884,882 | $3.6B | Add +17.8% |
| LMT Lockheed Martin Corp. | 0.21% | 5,664,857 | $3.4B | Reduce -1.1% |
| SPGI S&P Global Inc. | 0.20% | 7,908,180 | $3.4B | Reduce -5.1% |
| BLK BlackRock Inc. | 0.20% | 3,437,546 | $3.3B | Reduce -2.0% |
| NET Cloudflare Inc. Class A | 0.20% | 15,883,321 | $3.3B | Reduce -11.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 33,798,796 | $3.3B | Reduce -4.7% |
| GILD Gilead Sciences Inc. | 0.20% | 23,299,295 | $3.2B | Reduce -0.9% |
| AGG iShares Core U.S. Aggregate | 0.19% | 32,522,000 | $3.2B | Add +0.1% |
| C Citigroup Inc. | 0.19% | 27,842,086 | $3.2B | Add +3.3% |
| IVE iShares S&P 500 Value ETF | 0.19% | 14,923,957 | $3.2B | Reduce -2.3% |
| JPST JPMorgan Ultra-Short Income | 0.19% | 61,139,019 | $3.1B | Reduce -0.5% |
| ABT Abbott Laboratories | 0.19% | 30,101,596 | $3.1B | Reduce -18.0% |
| T AT&T Inc. | 0.18% | 105,195,019 | $3.0B | Reduce -1.6% |
| TMUS T-Mobile US Inc. | 0.18% | 14,387,032 | $3.0B | Add +14.3% |
| SHOP Shopify Inc. Class A | 0.18% | 24,704,666 | $2.9B | Reduce -6.6% |
| VWO Vanguard Ftse Emerging Marke | 0.18% | 54,017,258 | $2.9B | Add +0.2% |
| EFA iShares MSCI Eafe ETF | 0.18% | 29,921,159 | $2.9B | Reduce -5.4% |
| VIG Vanguard Dividend Apprec ETF | 0.17% | 13,018,448 | $2.8B | Add +1.9% |
| ISRG Intuitive Surgical Inc. | 0.17% | 6,058,840 | $2.8B | Add +5.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.17% | 30,458,772 | $2.8B | Add +27.9% |
| CME Cme Group Inc. | 0.17% | 9,406,843 | $2.8B | Add +12.5% |
| MELI MercadoLibre Inc. | 0.17% | 1,585,256 | $2.7B | Reduce -8.3% |
| JEPI JPMorgan Equity Premium Inco | 0.16% | 47,488,354 | $2.7B | Add +0.5% |
| ADI Analog Devices Inc. | 0.16% | 8,259,494 | $2.6B | Reduce -21.0% |
Other holdings (262): 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 | 46,474 | $53.7M | Reduce -0.9% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 662,070 | $47.6M | Add +277.1% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 39,775 | $47.4M | Add +0.6% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 964,711 | $43.4M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 610,484 | $35.7M | Add +482.8% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 19,155,000 | $26.6M | Reduce -7.8% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 397,497 | $25.6M | Add +196.3% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 24,543,000 | $24.4M | Reduce -8.9% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 20,085,000 | $23.8M | Add +209.0% |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 22,816,000 | $22.1M | Add +39.6% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 16,753,000 | $20.7M | Add +120.9% |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 21,848,000 | $20.4M | Add +60.8% |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 379,714 | $20.4M | Add +7.8% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 349,079 | $19.9M | Add +21717.4% |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 11,720,000 | $19.7M | Add +9666.7% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 13,668,000 | $19.4M | Add +26.0% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 17,661,000 | $18.9M | Reduce -4.3% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 17,861,000 | $18.5M | Add +38.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 15,929,000 | $18.2M | Reduce -41.8% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 12,617,000 | $13.1M | Reduce -15.3% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 14,470,000 | $12.7M | Add +5.3% |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 13,835,000 | $12.7M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 290,977 | $12.5M | Reduce -21.6% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 10,785,000 | $12.4M | Add +9.2% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 12,183,000 | $12.4M | New |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 13,218,000 | $12.1M | Add +3.6% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 214,402 | $12.0M | Add +43.3% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 13,186,000 | $11.9M | Reduce -4.6% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 11,843,000 | $11.6M | Reduce -40.8% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 7,895,000 | $11.0M | Reduce -7.8% |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | 8,571,000 | $10.7M | Add +1.9% |
| INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) | DBCV 1.875% 3/1 · principal | 11,197,000 | $10.7M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 9,655,000 | $10.5M | Add +11.8% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 7,992,000 | $9.4M | Reduce -36.6% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 6,892,000 | $9.3M | Reduce -1.8% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 7,682,000 | $9.2M | Reduce -56.3% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 9,175,000 | $9.1M | Reduce -21.9% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 9,638,000 | $9.0M | Reduce -15.7% |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 9,399,000 | $8.8M | Reduce -6.9% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 6,007,000 | $8.8M | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 5,240,000 | $8.7M | Reduce -54.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 8,656,000 | $8.6M | Reduce -3.2% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 9,123,000 | $8.6M | Reduce -39.7% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,367,000 | $8.3M | Reduce -22.9% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 154,000 | $8.3M | New |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 6,902,000 | $8.2M | Reduce -4.2% |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | 158,500 | $8.1M | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 8,901,000 | $7.9M | Reduce -23.1% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 8,307,000 | $7.9M | Add +0.3% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 7,950,000 | $7.8M | Reduce -40.4% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 152,715 | $7.8M | Reduce -0.9% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 8,015,000 | $7.7M | No change |
| CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) | NOTE 2.000% 3/1 · principal | 7,326,000 | $7.4M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 7,803,000 | $7.0M | Add +173.3% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 7,269,000 | $7.0M | Reduce -5.1% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 23,815 | $6.7M | Add +60.8% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 7,030,000 | $6.2M | Reduce -36.1% |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 7,483,000 | $6.2M | Reduce -53.0% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 6,600,000 | $6.0M | Reduce -28.6% |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 7,095,000 | $5.9M | Reduce -1.6% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 4,943,000 | $5.9M | Reduce -35.9% |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 117,905 | $5.9M | New |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 5,000,000 | $5.8M | Reduce -9.1% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 84,591 | $5.5M | Add +25.7% |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 5,046,000 | $5.2M | Reduce -11.5% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | NOTE 0.750% 3/1 · principal | 4,788,000 | $4.9M | New |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 4,303,000 | $4.6M | Reduce -39.3% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 3,161,000 | $4.6M | Reduce -20.1% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 65,075 | $4.6M | Add +40.6% |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 5,150,000 | $4.5M | Reduce -24.5% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 3,855,000 | $4.3M | Add +13.4% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 3,515,000 | $4.3M | Reduce -60.3% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 2,891,000 | $4.2M | Add +31.9% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 4,842,000 | $4.2M | Reduce -26.4% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 3,120,000 | $4.0M | Add +2500.0% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 3,265,000 | $4.0M | Reduce -19.3% |
| UNITY SOFTWARE INC (U 0 03/15/30) | NOTE 3/1 · principal | 3,979,000 | $4.0M | New |
| STRATEGY INC (MSTR 0 03/01/30) | NOTE 3/0 · principal | 4,501,000 | $3.9M | New |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 3,878,000 | $3.7M | Reduce -22.2% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 3,972,000 | $3.7M | Reduce -19.6% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 85,141 | $3.7M | Reduce -3.6% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 3,754,000 | $3.6M | Reduce -34.8% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 2,486,000 | $3.3M | Reduce -71.9% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 1,855,000 | $3.2M | New |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 80,978 | $3.1M | Add +49.2% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 3,554,000 | $3.1M | Add +31.5% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 2,400,000 | $3.1M | Reduce -75.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,550,000 | $3.0M | Reduce -23.7% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 604,000 | $2.9M | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 2,296,000 | $2.8M | Add +79.4% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 2,699,000 | $2.7M | No change |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 3,067,000 | $2.7M | Add +109.5% |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 50,000 | $2.6M | No change |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 750,000 | $2.5M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 3,108,000 | $2.5M | Add +111.4% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 2,461,000 | $2.4M | No change |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 2,765,000 | $2.4M | Add +13.8% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 2,431,000 | $2.4M | Add +40.4% |
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | 196,354 | $2.3M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 56,413 | $2.3M | Add +42.8% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 2,367,000 | $2.3M | Add +26.8% |
| VNET GROUP INC | NOTE 2.000%10/0 · principal | 2,000,000 | $2.2M | New |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 2,210,000 | $2.1M | No change |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 2,128,000 | $2.1M | Add +3.5% |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 2,420,000 | $2.0M | Reduce -4.0% |
| T1 ENERGY INC | *W EXP 07/09/202 | 9,236,836 | $2.0M | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 2,171,000 | $2.0M | Add +748.0% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 2,108,000 | $1.9M | Add +0.1% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 1,880,000 | $1.9M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 1,961,000 | $1.9M | Reduce -94.4% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 1,731,000 | $1.7M | Add +912.3% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 30,428 | $1.6M | Reduce -0.7% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 1,500,000 | $1.6M | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 1,572,000 | $1.5M | Add +46.6% |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 1,555,000 | $1.5M | Reduce -66.6% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 26,655 | $1.5M | Reduce -86.1% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 1,252,000 | $1.5M | Reduce -84.6% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 1,575,000 | $1.5M | Reduce -4.5% |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 1,367,000 | $1.4M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 950,000 | $1.2M | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 33,154 | $1.2M | Add +204.1% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 638,000 | $1.2M | Add +5.8% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 1,130,000 | $1.1M | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 727,000 | $1.1M | No change |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 623,000 | $1.0M | Add +858.5% |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 150,000 | $982K | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 1,000,000 | $974K | No change |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 700,000 | $970K | No change |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 806,000 | $934K | No change |
| IQIYI INC (IQ 4.625 03/15/30) | NOTE 4.625% 3/1 · principal | 1,000,000 | $903K | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 225,000 | $878K | No change |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 1,615,000 | $851K | Reduce -76.6% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 872,000 | $815K | Reduce -64.9% |
| SUPER MICRO COMPUTER INC (SMCI 2.25 07/15/28) | NOTE 2.250% 7/1 · principal | 916,000 | $794K | New |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 810,000 | $744K | New |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 10/28/203 | 280,768 | $727K | Reduce -18.0% |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 187,247 | $723K | Reduce -28.3% |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | 695,000 | $719K | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 665,000 | $638K | Reduce -93.0% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 200,000 | $596K | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 597,000 | $594K | Add +2.8% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 622,000 | $590K | Add +180.2% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 580,000 | $586K | Reduce -86.9% |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 885,779 | $536K | Reduce -1.1% |
| WEIBO CORP (WB 1.375 12/01/30) | NOTE 1.375%12/0 · principal | 500,000 | $527K | No change |
| T1 ENERGY INC (TE 5.25 12/01/30) | NOTE 5.250%12/0 · principal | 500,000 | $521K | No change |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 22,953 | $519K | Reduce -13.3% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 21,308 | $514K | Reduce -17.3% |
| ZYNGA INC (ZNGA 0 12/15/26) | NOTE 12/1 · principal | 500,000 | $508K | No change |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 533,000 | $503K | Add +1515.2% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 135,086 | $483K | No change |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 315,000 | $482K | No change |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 65,000 | $465K | Reduce -95.3% |
| ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) | NOTE 2.250% 9/0 · principal | 337,000 | $417K | Reduce -59.7% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 322,000 | $374K | Add +6.6% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 312,000 | $340K | Reduce -82.2% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 420,000 | $337K | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 330,000 | $315K | Add +132.4% |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | 6,000 | $302K | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 288,000 | $286K | Reduce -92.9% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 272,000 | $264K | Add +3.8% |
| SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) | NOTE 2.250% 7/0 · principal | 150,000 | $257K | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 244,000 | $231K | No change |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 232,000 | $230K | Add +4.0% |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 941,650 | $222K | Add +5.1% |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 886,166 | $218K | Reduce -1.1% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 188,000 | $217K | No change |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 14,090 | $205K | Add +878.5% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 209,000 | $202K | New |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | 207,000 | $202K | New |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 6,221 | $189K | No change |
| ALIGNMENT HEALTHCARE (ALHC 4.25 11/15/29) | NOTE 4.250%11/1 · principal | 120,000 | $169K | Reduce -83.3% |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 140,000 | $150K | No change |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 149,000 | $148K | Reduce -16.3% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 162,000 | $145K | Reduce -95.2% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 160,000 | $145K | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 147,000 | $144K | Reduce -57.1% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 94,000 | $142K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 7,221 | $139K | Reduce -13.8% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 935 | $133K | Reduce -95.5% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 2,371 | $109K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 15,000 | $106K | Reduce -80.8% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 50,000 | $105K | No change |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | NOTE 2.000% 8/1 · principal | 100,000 | $100K | No change |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 100,000 | $99K | New |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | 2,000 | $82K | New |
| XRXDW Xerox Holdings Corp. | *W EXP 02/11/202 | 867,164 | $78K | Reduce -6.1% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 1,267 | $76K | No change |
| BCSS.WS Bain Capital GSS Investment | *W EXP 01/01/202 | 102,651 | $64K | No change |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 35,000 | $58K | Reduce -96.5% |
| OMNICELL INC (OMCL 1 12/01/29) | NOTE 1.000%12/0 · principal | 59,000 | $57K | Add +18.0% |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 51,000 | $56K | No change |
| SHMDW Schmid Group NV -28 | *W EXP 04/30/202 | 28,980 | $46K | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 30,000 | $46K | Reduce -98.0% |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 100,000 | $45K | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 39,000 | $39K | No change |
| INFQ.WS Churchill Capital Corp. X | *W EXP 02/17/203 | 5,636 | $25K | New |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 27,000 | $24K | Reduce -78.7% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 25,000 | $23K | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 17,000 | $22K | Reduce -95.2% |
Largest 200 of 262 shown.
Total filed on the 13F, all lines: $1.66T.
Portfolio Sells Q4 2025 → Q1 2026
| GOOGL Alphabet Inc. Class A | Reduce -0.7% | 2.10% | −0.18 |
| LLY Eli Lilly & Co. | Reduce -1.0% | 0.86% | −0.15 |
| V Visa Inc. Class A | Reduce -1.9% | 0.84% | −0.14 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 1.24% | −0.11 |
| DASH DoorDash Inc. Class A | Reduce -17.3% | 0.13% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -5.5% | 0.46% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.7% | 0.32% | −0.09 |
| ABT Abbott Laboratories | Reduce -18.0% | 0.19% | −0.09 |
| ADP Automatic Data Processing | Reduce -38.2% | 0.08% | −0.08 |
| SHOP Shopify Inc. Class A | Reduce -6.6% | 0.18% | −0.08 |
| BX Blackstone Inc. | Reduce -1.1% | 0.23% | −0.08 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -44.1% | 0.08% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -5.2% | 0.24% | −0.07 |
| AJG Arthur J Gallagher & Co. | Reduce -47.8% | 0.05% | −0.07 |
| IVV iShares Core S&P 500 ETF | Reduce -2.7% | 0.92% | −0.06 |
| AXP American Express Co. | Reduce -3.0% | 0.23% | −0.06 |
| SPGI S&P Global Inc. | Reduce -5.1% | 0.20% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -3.9% | 0.33% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -53.0% | 0.03% | −0.06 |
| BKNG Booking Holdings Inc. | Reduce -9.6% | 0.14% | −0.05 |
| SNOW Snowflake Inc. | Reduce -19.3% | 0.07% | −0.05 |
| BAC Bank of America Corp. | Reduce -3.6% | 0.32% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -3.5% | 0.25% | −0.05 |
| ABBV Abbvie Inc. | Reduce -5.1% | 0.50% | −0.05 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -41.2% | 0.06% | −0.05 |
| BSX Boston Scientific Corp. | Reduce -3.0% | 0.08% | −0.05 |
| ADBE Adobe Inc. | Reduce -8.4% | 0.08% | −0.05 |
| GLD SPDR Gold Shares | Reduce -21.5% | 0.28% | −0.05 |
| DIS The Walt Disney Co. | Reduce -4.7% | 0.20% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -8.7% | 0.35% | −0.04 |
| MELI MercadoLibre Inc. | Reduce -8.3% | 0.17% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -0.8% | 0.88% | −0.04 |
| AFRM Affirm Holdings Inc. | Reduce -5.6% | 0.06% | −0.04 |
| TLT iShares 20+ Year Treasury BD | Reduce -41.8% | 0.06% | −0.04 |
| PBUS Invesco MSCI USA ETF | Reduce -25.8% | 0.09% | −0.04 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -52.5% | 0.03% | −0.04 |
| SNPS Synopsys Inc. | Reduce -14.4% | 0.09% | −0.03 |
| BR Broadridge Financial Solutio | Reduce -50.2% | 0.02% | −0.03 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -20.0% | 0.04% | −0.03 |
| TEAM Atlassian Corp. Class A | Reduce -12.2% | 0.02% | −0.03 |
| CNM Core & Main Inc. Class A | Reduce -62.7% | 0.02% | −0.03 |
| AMD Advanced Micro Devices | Reduce -5.0% | 0.29% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -20.1% | 0.12% | −0.03 |
| ABNB Airbnb Inc. Class A | Reduce -21.2% | 0.08% | −0.03 |
| OEF iShares S&P 100 ETF | Reduce -49.8% | 0.02% | −0.03 |
| BLK BlackRock Inc. | Reduce -2.0% | 0.20% | −0.03 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.02 |
| IEF iShares 7-10 Year Treasury B | Reduce -25.0% | 0.07% | −0.02 |
| IOT Samsara Inc. Class A | Reduce -55.9% | 0.02% | −0.02 |
| DELL Dell Technologies -C | Reduce -44.1% | 0.07% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | Add +38.1% | 1.59% | +0.39 |
| IWM iShares Russell 2000 ETF | Add +73.8% | 0.45% | +0.19 |
| QQQ Invesco QQQ Trust Series 1 | Add +34.3% | 0.75% | +0.16 |
| CVX Chevron Corp. | Add +1.5% | 0.46% | +0.13 |
| IEMG iShares Core MSCI Emerging | Add +22.8% | 0.53% | +0.12 |
| COST Costco Wholesale Corp. | Add +3.9% | 0.59% | +0.10 |
| GEV GE Vernova Inc. | Add +5.2% | 0.34% | +0.10 |
| NFLX Netflix Inc. | Add +16.0% | 0.57% | +0.10 |
| WMT Walmart Inc. | Add +1.9% | 0.64% | +0.08 |
| CAT Caterpillar Inc. | Add +6.0% | 0.32% | +0.08 |
| SMH Vaneck Semiconductor ETF | Add +105.6% | 0.13% | +0.07 |
| AMAT Applied Materials Inc. | Add +3.3% | 0.24% | +0.07 |
| VZ Verizon Communications Inc. | Add +14.0% | 0.22% | +0.07 |
| MU Micron Technology Inc. | Add +2.7% | 0.34% | +0.06 |
| MRK Merck & Co. Inc. | Add +6.0% | 0.35% | +0.06 |
| COP Conocophillips | Add +12.5% | 0.15% | +0.06 |
| CRM Salesforce Inc. | Add +66.6% | 0.36% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +9.3% | 0.30% | +0.06 |
| GLW Corning Inc. | Add +3.0% | 0.13% | +0.05 |
| IWD iShares Russell 1000 Value E | Add +6.5% | 0.54% | +0.05 |
| UNP Union Pacific Corp. | Add +17.8% | 0.22% | +0.04 |
| XLE SS Energy Select Sector | Add +10.8% | 0.12% | +0.04 |
| VCLT Vanguard Long-Term Corp. Bond | Add +124.4% | 0.07% | +0.04 |
| SLB SLB Ltd. | Add +8.3% | 0.12% | +0.04 |
| LIN Linde PLC | Add +3.8% | 0.22% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +4.9% | 0.10% | +0.04 |
| FITB Fifth Third Bancorp | Add +125.7% | 0.07% | +0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +27.9% | 0.17% | +0.04 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +44.1% | 0.13% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +9.0% | 0.40% | +0.04 |
| ETN Eaton Corp. PLC | Add +1.0% | 0.28% | +0.04 |
| PEP Pepsico Inc. | Add +6.5% | 0.25% | +0.03 |
| VALE Vale SA-SP ADR | Add +266.4% | 0.04% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +4.8% | 0.14% | +0.03 |
| KLAC KLA Corp. | Add +2.3% | 0.16% | +0.03 |
| CME Cme Group Inc. | Add +12.5% | 0.17% | +0.03 |
| JNK SS SPDR BB High Yield Bond | Add +584.6% | 0.04% | +0.03 |
| EQT Eqt Corp. | Add +15.0% | 0.11% | +0.03 |
| IGV iShares Expanded Tech-Softwa | Add +210.4% | 0.05% | +0.03 |
| TMUS T-Mobile US Inc. | Add +14.3% | 0.18% | +0.03 |
| EWZ iShares MSCI Brazil ETF | Add +110.5% | 0.05% | +0.03 |
| AMGN Amgen Inc. | Add +0.6% | 0.34% | +0.03 |
| WMB Williams Cos Inc. | Add +0.5% | 0.15% | +0.03 |
| SBUX Starbucks Corp. | Add +16.9% | 0.13% | +0.03 |
| COR Cencora Inc. | Add +55.0% | 0.09% | +0.03 |
| HLT Hilton Worldwide Holdings Inc. | Add +45.2% | 0.08% | +0.03 |
| PH Parker Hannifin Corp. | Add +19.8% | 0.14% | +0.03 |
| PSX Phillips 66 | Add +4.5% | 0.08% | +0.03 |
| SRE Sempra | Add +9.0% | 0.14% | +0.02 |
| ITW Illinois Tool Works | Add +32.6% | 0.08% | +0.02 |
Notes & Other Activity Q4 2025 → Q1 2026
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.9% | 46,474 | $53.7M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +277.1% | 662,070 | $47.6M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.6% | 39,775 | $47.4M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 964,711 | $43.4M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +482.8% | 610,484 | $35.7M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -7.8% | 19,155,000 | $26.6M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +196.3% | 397,497 | $25.6M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Reduce -8.9% | 24,543,000 | $24.4M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Add +209.0% | 20,085,000 | $23.8M |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | Add +39.6% | 22,816,000 | $22.1M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Add +120.9% | 16,753,000 | $20.7M |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | Add +60.8% | 21,848,000 | $20.4M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Add +7.8% | 379,714 | $20.4M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +21717.4% | 349,079 | $19.9M |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | Add +9666.7% | 11,720,000 | $19.7M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Add +26.0% | 13,668,000 | $19.4M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -4.3% | 17,661,000 | $18.9M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +38.4% | 17,861,000 | $18.5M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Reduce -41.8% | 15,929,000 | $18.2M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -15.3% | 12,617,000 | $13.1M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +5.3% | 14,470,000 | $12.7M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Reduce -21.6% | 290,977 | $12.5M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Add +9.2% | 10,785,000 | $12.4M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | New | 12,183,000 | $12.4M |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | Add +3.6% | 13,218,000 | $12.1M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +43.3% | 214,402 | $12.0M |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | Reduce -4.6% | 13,186,000 | $11.9M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Sold out | 11,240,000 | $11.6Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -40.8% | 11,843,000 | $11.6M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Reduce -7.8% | 7,895,000 | $11.0M |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Sold out | 10,658,000 | $10.9Mbefore exit |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | Add +1.9% | 8,571,000 | $10.7M |
| INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) | DBCV 1.875% 3/1 · principal | New | 11,197,000 | $10.7M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +11.8% | 9,655,000 | $10.5M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 9,365,000 | $9.5Mbefore exit |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Reduce -36.6% | 7,992,000 | $9.4M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -1.8% | 6,892,000 | $9.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -56.3% | 7,682,000 | $9.2M |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | Reduce -21.9% | 9,175,000 | $9.1M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -15.7% | 9,638,000 | $9.0M |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | Reduce -6.9% | 9,399,000 | $8.8M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | New | 6,007,000 | $8.8M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Reduce -54.4% | 5,240,000 | $8.7M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Reduce -3.2% | 8,656,000 | $8.6M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Reduce -39.7% | 9,123,000 | $8.6M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Sold out | 7,496,000 | $8.5Mbefore exit |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Reduce -22.9% | 7,367,000 | $8.3M |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | New | 154,000 | $8.3M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | Reduce -4.2% | 6,902,000 | $8.2M |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 | New | 158,500 | $8.1M |
Showing the first 50 of 237.
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 |