Neuberger Berman Group LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 25, 2025), Neuberger Berman Group LLC reported 2,023 stock positions worth $129.9 billion. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by Nvidia (NVDA, 3.3%) and Amazon.com (AMZN, 2.9%). Compared with Q1 2025, it opened 166 new positions, sold out of 86, added to 1,003 and reduced 791. The biggest buy was Microsoft (MSFT, shares +3%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001465109
- Portfolio Value
- $129.9B (Q2 2025)
- SEC Filing
- 0001415889-25-022914 ↗ filed Aug 25, 2025
Holdings Value
Holdings 2,023 stocks · $129.9B
| MSFT Microsoft Corp. | 4.50% | 11,747,108 | $5.8B | Add +2.5% |
| NVDA Nvidia Corp. | 3.26% | 26,792,378 | $4.2B | Add +2.8% |
| AMZN Amazon.com Inc. | 2.89% | 17,103,800 | $3.8B | Add +2.8% |
| AAPL Apple Inc. | 2.62% | 16,611,145 | $3.4B | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 2.02% | 9,047,799 | $2.6B | Add +2.3% |
| META Meta Platforms Inc. Class A | 1.43% | 2,518,971 | $1.9B | Add +23.6% |
| GOOGL Alphabet Inc. Class A | 1.25% | 9,233,524 | $1.6B | Reduce -9.2% |
| GOOG Alphabet Inc. Class C | 1.21% | 8,826,110 | $1.6B | Reduce -2.4% |
| HD Home Depot Inc. | 1.16% | 4,121,073 | $1.5B | Add +29.4% |
| LLY Eli Lilly & Co. | 0.93% | 1,555,975 | $1.2B | Add +2.5% |
| ORCL Oracle Corp. | 0.89% | 5,286,207 | $1.2B | Reduce -2.7% |
| AVGO Broadcom Inc. | 0.87% | 4,096,579 | $1.1B | Reduce -9.8% |
| TMUS T-Mobile US Inc. | 0.86% | 4,700,163 | $1.1B | Reduce -3.6% |
| IVV iShares Core S&P 500 ETF | 0.84% | 1,752,832 | $1.1B | Add +12.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.81% | 2,175,083 | $1.1B | Reduce -11.3% |
| V Visa Inc. Class A | 0.74% | 2,714,532 | $963.8M | Reduce -3.8% |
| COST Costco Wholesale Corp. | 0.72% | 938,975 | $929.5M | Reduce 0.0% |
| MA Mastercard Inc. Class A | 0.69% | 1,593,603 | $895.1M | Add +4.6% |
| SPGI S&P Global Inc. | 0.69% | 1,694,790 | $893.5M | Add +5.5% |
| NEE Nextera Energy Inc. | 0.67% | 12,472,748 | $865.9M | Reduce -6.1% |
| XOM Exxon Mobil Corp. | 0.58% | 6,976,934 | $752.4M | Reduce -2.8% |
| AON Aon PLC Class A | 0.57% | 2,080,814 | $742.3M | Reduce -2.6% |
| WMB Williams Cos Inc. | 0.55% | 11,410,703 | $716.7M | Add +20.2% |
| ADI Analog Devices Inc. | 0.53% | 2,883,471 | $686.3M | Reduce -5.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.52% | 845,053 | $677.2M | Reduce -8.7% |
| ABT Abbott Laboratories | 0.52% | 4,978,899 | $677.1M | Add +14.8% |
| GE General Electric filed as GE AEROSPACE | 0.51% | 2,590,263 | $666.7M | Reduce -1.6% |
| UBER Uber Technologies Inc. | 0.50% | 6,981,526 | $651.4M | Add +5.2% |
| MSI Motorola Solutions Inc. | 0.50% | 1,539,182 | $647.2M | Reduce -2.2% |
| JNJ Johnson & Johnson | 0.48% | 4,095,166 | $625.5M | Reduce -13.4% |
| CME Cme Group Inc. | 0.48% | 2,238,774 | $617.0M | Reduce -10.2% |
| APH Amphenol Corp. Class A | 0.46% | 6,103,018 | $602.7M | Reduce -14.2% |
| LNG Cheniere Energy Inc. | 0.46% | 2,463,885 | $600.0M | Add +5.3% |
| DHR Danaher Corp. | 0.46% | 2,999,978 | $592.7M | Reduce -9.5% |
| BX Blackstone Inc. | 0.45% | 3,911,136 | $585.0M | Add +0.2% |
| PM Philip Morris International | 0.45% | 3,193,194 | $581.5M | Reduce -4.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 4,689,925 | $579.2M | Reduce -2.4% |
| ETN Eaton Corp. PLC | 0.44% | 1,606,257 | $573.4M | Reduce -15.3% |
| MCD McDonald's Corp. | 0.42% | 1,864,960 | $544.9M | Add +0.3% |
| TXN Texas Instruments Inc. | 0.41% | 2,586,487 | $537.0M | Reduce -6.9% |
| LIN Linde PLC | 0.41% | 1,131,132 | $530.6M | Add +48.7% |
| TRGP Targa Resources Corp. | 0.41% | 3,036,410 | $528.6M | Add +1.8% |
| NFLX Netflix Inc. | 0.41% | 392,884 | $526.1M | Reduce -22.1% |
| CVX Chevron Corp. | 0.40% | 3,662,971 | $524.5M | Reduce -8.8% |
| WFC Wells Fargo & Co. | 0.40% | 6,485,811 | $519.6M | Reduce -1.5% |
| KD Kyndryl Holdings Inc. | 0.40% | 12,340,569 | $517.6M | Reduce -3.0% |
| CSCO Cisco Systems Inc. | 0.39% | 7,371,513 | $511.4M | Add +40.4% |
| VRSK Verisk Analytics Inc. | 0.39% | 1,622,305 | $505.3M | Reduce -1.8% |
| PGR Progressive Corp. | 0.38% | 1,866,700 | $497.9M | Reduce -2.7% |
| WMT Walmart Inc. | 0.38% | 5,091,126 | $497.8M | Add +0.8% |
| FISV Fiserv Inc. | 0.38% | 2,858,032 | $492.8M | Add +12.0% |
| INTU Intuit Inc. | 0.37% | 611,769 | $481.7M | Reduce -4.9% |
| EPD Enterprise Products Partners | 0.37% | 15,428,246 | $478.4M | Reduce -0.2% |
| NOW ServiceNow Inc. | 0.36% | 454,441 | $467.2M | Reduce -8.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.35% | 1,526,055 | $449.7M | Reduce -8.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 9,328,780 | $441.4M | Reduce -24.3% |
| BSX Boston Scientific Corp. | 0.33% | 3,961,215 | $425.5M | Add +1.1% |
| EOG EOG Resources Inc. | 0.33% | 3,547,775 | $424.4M | Reduce -15.2% |
| UNH Unitedhealth Group Inc. | 0.32% | 1,348,285 | $420.6M | Add +55.1% |
| UNP Union Pacific Corp. | 0.32% | 1,819,614 | $418.7M | Reduce -15.2% |
| SPOT Spotify Technology SA | 0.32% | 544,500 | $417.8M | Add +62.1% |
| BA The Boeing Co. | 0.32% | 1,954,822 | $409.9M | Add +129.6% |
| VOO Vanguard S&P 500 ETF | 0.31% | 710,824 | $403.8M | Reduce -2.9% |
| APO Apollo Global Management Inc. | 0.30% | 2,767,623 | $392.6M | Add +0.4% |
| PG The Procter & Gamble Co. | 0.30% | 2,438,754 | $388.6M | Reduce -8.3% |
| AMT American Tower Corp. | 0.30% | 1,754,165 | $387.7M | Add +23.6% |
| CNP Centerpoint Energy Inc. | 0.29% | 10,331,244 | $379.6M | Add +9.2% |
| COF Capital One Financial Corp. | 0.29% | 1,760,934 | $374.6M | Add +49.4% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 921,688 | $373.7M | Add +4.2% |
| EQT Eqt Corp. | 0.28% | 6,259,701 | $365.1M | Add +20.6% |
| VST Vistra Corp. | 0.28% | 1,877,709 | $363.9M | Reduce -11.3% |
| COO The Cooper Cos Inc. | 0.28% | 5,064,006 | $360.4M | Add +40.3% |
| FE Firstenergy Corp. | 0.28% | 8,900,553 | $358.3M | Reduce -2.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.27% | 1,569,924 | $356.3M | Add +27.8% |
| BLK BlackRock Inc. | 0.27% | 338,683 | $355.4M | Reduce -0.6% |
| MCO Moody's Corp. | 0.27% | 701,908 | $352.1M | Reduce -2.9% |
| AZN Astrazeneca PLC-Spons ADR | 0.27% | 4,994,198 | $349.0M | Reduce -16.9% |
| CAT Caterpillar Inc. | 0.27% | 895,804 | $347.7M | Reduce -14.8% |
| PNC PNC Financial Services Group | 0.27% | 1,855,511 | $345.9M | Reduce -10.3% |
| AVY Avery Dennison Corp. | 0.25% | 1,878,702 | $329.7M | Add +0.1% |
| MS Morgan Stanley | 0.25% | 2,293,334 | $323.0M | Add +14.3% |
| TTEK Tetra Tech Inc. | 0.25% | 8,903,128 | $320.2M | Reduce -0.4% |
| HAE Haemonetics Corp. | 0.25% | 4,277,453 | $319.1M | Reduce -1.6% |
| MDT Medtronic PLC | 0.25% | 3,652,626 | $318.2M | Reduce -18.5% |
| SNPS Synopsys Inc. | 0.24% | 620,641 | $318.2M | Add +5.3% |
| GDDY GoDaddy Inc. Class A | 0.24% | 1,731,784 | $311.8M | Reduce -8.1% |
| RTX RTX Corp. | 0.24% | 2,131,143 | $311.2M | Add +1.8% |
| CDW CDW Corp. | 0.24% | 1,724,949 | $308.1M | Reduce -6.6% |
| CSX CSX Corp. | 0.24% | 9,432,269 | $307.8M | Reduce -5.1% |
| BN Brookfield Corp. | 0.23% | 4,904,047 | $303.3M | Reduce -1.0% |
| CRM Salesforce Inc. | 0.23% | 1,110,864 | $302.9M | Reduce -29.1% |
| VMI Valmont Industries | 0.23% | 925,569 | $302.3M | Reduce -3.0% |
| CL Colgate-Palmolive Co. | 0.23% | 3,323,504 | $301.9M | Reduce -1.5% |
| SCCO Southern Copper Corp. | 0.23% | 2,964,695 | $299.9M | Add +11.8% |
| MMM 3M Co. | 0.23% | 1,954,458 | $297.5M | Add +14.0% |
| AIG American International Group | 0.23% | 3,433,069 | $293.7M | Add +0.2% |
| TXRH Texas Roadhouse Inc. | 0.23% | 1,561,958 | $292.7M | Reduce -2.5% |
| ET Energy Transfer LP | 0.22% | 16,103,030 | $291.9M | Add +0.2% |
| AEM Agnico Eagle Mines Ltd. | 0.22% | 2,455,076 | $291.7M | Reduce -12.5% |
| DTM DT Midstream Inc. | 0.22% | 2,626,583 | $288.7M | Add +11.4% |
Options reported separately and not counted above: GDX calls ($7.6M), LW calls ($700K), NEM calls ($252K).
Other holdings (23): bonds, preferreds, convertibles and warrants · $94.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 561,875 | $30.2M | Add +0.3% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 102,050 | $6.9M | Add +1.8% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 6,095,000 | $6.5M | Add +25.7% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 6,940,000 | $6.5M | Add +0.4% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 171,599 | $6.5M | Reduce -0.2% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 82,284 | $6.2M | Add +26.7% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 5,895,000 | $5.7M | Reduce -3.8% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 262,521 | $4.6M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 213,663 | $3.7M | Reduce -3.0% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 69,440 | $3.7M | Add +2.9% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,508 | $3.0M | Reduce -4.9% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 3,135,000 | $3.0M | Reduce -2.2% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 2,074 | $2.4M | Reduce -0.9% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 2,260,000 | $1.9M | New |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 1,895,000 | $1.8M | Reduce -1.3% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 29,871 | $1.2M | Add +8.5% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 5,000 | $605K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 50,000 | $51K | No change |
| SUNRUN INC (RUN 0 02/01/26) | NOTE 2/0 · principal | 20,000 | $19K | No change |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 36,799 | $4K | No change |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 206,760 | $3K | Reduce -35.7% |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 31,552 | $1K | No change |
| MAPSW WM Technology Inc.-CW24 | *W EXP 06/16/202 | 32,468 | $341 | No change |
Total filed on the 13F, all lines: $129.9B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.4% | 2.62% | −0.48 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.3% | 0.81% | −0.28 |
| KR Kroger Co. | Reduce -96.0% | 0.01% | −0.25 |
| ACN Accenture PLC Class A | Reduce -62.1% | 0.12% | −0.25 |
| TMUS T-Mobile US Inc. | Reduce -3.6% | 0.86% | −0.23 |
| JNJ Johnson & Johnson | Reduce -13.4% | 0.48% | −0.18 |
| CVX Chevron Corp. | Reduce -8.8% | 0.40% | −0.16 |
| AON Aon PLC Class A | Reduce -2.6% | 0.57% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -2.8% | 0.58% | −0.14 |
| EOG EOG Resources Inc. | Reduce -15.2% | 0.33% | −0.12 |
| NEE Nextera Energy Inc. | Reduce -6.1% | 0.67% | −0.12 |
| CRM Salesforce Inc. | Reduce -29.1% | 0.23% | −0.12 |
| GS Goldman Sachs Group Inc. | Reduce -47.4% | 0.20% | −0.12 |
| BMY Bristol-Myers Squibb Co. | Reduce -30.0% | 0.11% | −0.12 |
| INTC Intel Corp. | Reduce -48.7% | 0.10% | −0.11 |
| DHR Danaher Corp. | Reduce -9.5% | 0.46% | −0.11 |
| DUK Duke Energy Corp. | Reduce -32.3% | 0.16% | −0.11 |
| BKR Baker Hughes Co. | Reduce -59.5% | 0.05% | −0.11 |
| UNP Union Pacific Corp. | Reduce -15.2% | 0.32% | −0.10 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -16.9% | 0.27% | −0.10 |
| MDT Medtronic PLC | Reduce -18.5% | 0.25% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -83.2% | 0.03% | −0.09 |
| BAC Bank of America Corp. | Reduce -24.3% | 0.34% | −0.09 |
| ICLR Icon PLC | Reduce -72.7% | 0.02% | −0.09 |
| CHE Chemed Corp. | Reduce -7.0% | 0.18% | −0.09 |
| V Visa Inc. Class A | Reduce -3.8% | 0.74% | −0.09 |
| QCOM Qualcomm Inc. | Reduce -40.4% | 0.11% | −0.08 |
| EXP Eagle Materials Inc. | Reduce -27.6% | 0.13% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -8.3% | 0.30% | −0.08 |
| CME Cme Group Inc. | Reduce -10.2% | 0.48% | −0.08 |
| MSI Motorola Solutions Inc. | Reduce -2.2% | 0.50% | −0.08 |
| TFC Truist Financial Corp. | Reduce -86.2% | 0.01% | −0.08 |
| CHD Church & Dwight Co. Inc. | Reduce -13.7% | 0.17% | −0.08 |
| FICO Fair Isaac Corp. | Reduce -23.9% | 0.17% | −0.08 |
| EPD Enterprise Products Partners | Reduce -0.2% | 0.37% | −0.07 |
| BABA Alibaba Group Holding-SP ADR | Reduce -36.3% | 0.07% | −0.07 |
| RLI Rli Corp. | Reduce -25.7% | 0.11% | −0.07 |
| PGR Progressive Corp. | Reduce -2.7% | 0.38% | −0.07 |
| REGN Regeneron Pharmaceuticals | Reduce -7.2% | 0.16% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -9.2% | 1.25% | −0.07 |
| ROK Rockwell Automation Inc. | Reduce -76.7% | 0.02% | −0.06 |
| ABBV Abbvie Inc. | Reduce -9.7% | 0.18% | −0.06 |
| ABG Asbury Automotive Group | Reduce -32.8% | 0.12% | −0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −0.06 |
| NDSN Nordson Corp. | Reduce -77.7% | 0.02% | −0.06 |
| WSO Watsco Inc. | Reduce -6.2% | 0.18% | −0.06 |
| SPSC SPS Commerce Inc. | Reduce -29.6% | 0.12% | −0.06 |
| HLMN Hillman Solutions Corp. | Sold out | 0.00% | −0.06 |
| GIS General Mills Inc. | Reduce -86.5% | 0.01% | −0.06 |
| POOL Pool Corp. | Reduce -34.4% | 0.07% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +2.5% | 4.50% | +0.89 |
| NVDA Nvidia Corp. | Add +2.8% | 3.26% | +0.89 |
| META Meta Platforms Inc. Class A | Add +23.6% | 1.43% | +0.45 |
| AMZN Amazon.com Inc. | Add +2.8% | 2.89% | +0.24 |
| JPM JPMorgan Chase & Co. | Add +2.3% | 2.02% | +0.20 |
| BA The Boeing Co. | Add +129.6% | 0.32% | +0.19 |
| HD Home Depot Inc. | Add +29.4% | 1.16% | +0.18 |
| SPOT Spotify Technology SA | Add +62.1% | 0.32% | +0.17 |
| AMD Advanced Micro Devices | Add +212.2% | 0.21% | +0.16 |
| NDAQ Nasdaq Inc. | Add +261.7% | 0.19% | +0.14 |
| CAI Caris Life Sciences Inc. | New | 0.13% | +0.13 |
| CSCO Cisco Systems Inc. | Add +40.4% | 0.39% | +0.12 |
| MU Micron Technology Inc. | Add +84.2% | 0.20% | +0.12 |
| LIN Linde PLC | Add +48.7% | 0.41% | +0.11 |
| COF Capital One Financial Corp. | Add +49.4% | 0.29% | +0.11 |
| IVV iShares Core S&P 500 ETF | Add +12.8% | 0.84% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +27.8% | 0.27% | +0.10 |
| UBER Uber Technologies Inc. | Add +5.2% | 0.50% | +0.10 |
| DE Deere & Co. | Add +71.0% | 0.21% | +0.09 |
| HUBS HubSpot Inc. | Add +166.2% | 0.14% | +0.08 |
| EMLC Vaneck JPM Em Local Curr BND | Add +7395.2% | 0.08% | +0.08 |
| SPHY SS SPDR P High Yield ETF | Add +298.5% | 0.11% | +0.08 |
| WMB Williams Cos Inc. | Add +20.2% | 0.55% | +0.08 |
| PEG Public Service Enterprise GP | Add +88.5% | 0.17% | +0.08 |
| GILD Gilead Sciences Inc. | Add +107.2% | 0.16% | +0.07 |
| STX Seagate Technology Holdings | Add +1751.3% | 0.07% | +0.07 |
| NET Cloudflare Inc. Class A | Add +255.2% | 0.08% | +0.07 |
| FLUT Flutter Entertainment PLC-Di | Add +386.7% | 0.07% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +23.4% | 0.15% | +0.06 |
| MUSA Murphy USA Inc. | Add +3650.7% | 0.06% | +0.05 |
| FOUR SHIFT4 Payments Inc. Class A | Add +45.4% | 0.14% | +0.05 |
| MS Morgan Stanley | Add +14.3% | 0.25% | +0.05 |
| TWLO Twilio Inc. Class A | Add +17371.0% | 0.05% | +0.05 |
| SKX Skechers USA Inc. Class A | Add +16460.1% | 0.05% | +0.05 |
| UL Unilever PLC | Add +71.7% | 0.13% | +0.05 |
| WYNN WYNN Resorts Ltd. | Add +635.5% | 0.06% | +0.05 |
| WLY Wiley (john) & Sons Class A | Add +118.8% | 0.10% | +0.05 |
| DASH DoorDash Inc. Class A | Add +258.8% | 0.06% | +0.05 |
| TOST Toast Inc. Class A | Add +3838.6% | 0.05% | +0.05 |
| EQT Eqt Corp. | Add +20.6% | 0.28% | +0.05 |
| COHR Coherent Corp. | Add +50.8% | 0.10% | +0.05 |
| NBIS Nebius Group NV | Add +945.1% | 0.05% | +0.05 |
| WDC Western Digital Corp. | Add +99.5% | 0.07% | +0.05 |
| CYBR Cyberark Software Ltd./Israel | Add +48.9% | 0.12% | +0.05 |
| UMBF Umb Financial Corp. | Add +77.0% | 0.11% | +0.05 |
| RCL Royal Caribbean Cruises Ltd. | Add +96.7% | 0.07% | +0.05 |
| HWM Howmet Aerospace Inc. | Add +111.7% | 0.07% | +0.04 |
| FSS Federal Signal Corp. | Add +13.4% | 0.13% | +0.04 |
| PWR Quanta Services Inc. | Add +9.6% | 0.13% | +0.04 |
| GEV GE Vernova Inc. | Add +13.4% | 0.10% | +0.04 |
Options Activity Q1 2025 → Q2 2025
| GDX Vaneck Gold Miners ETF | call | Reduce -9.1% | 10,000 | $7.6M |
| IWM iShares Russell 2000 ETF | put | Sold out | 2,378 | $1.6Mbefore exit |
| BMRN Biomarin Pharmaceutical Inc. | call | Sold out | 2,899 | $957Kbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 743 | $817Kbefore exit |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 660 | $729Kbefore exit |
| NEM Newmont Corp. | call | New | 800 | $252K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +0.3% | 561,875 | $30.2M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +1.8% | 102,050 | $6.9M |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | Add +25.7% | 6,095,000 | $6.5M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +0.4% | 6,940,000 | $6.5M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Reduce -0.2% | 171,599 | $6.5M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +26.7% | 82,284 | $6.2M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -3.8% | 5,895,000 | $5.7M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | Reduce -3.0% | 213,663 | $3.7M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Sold out | 3,885,000 | $3.7Mbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +2.9% | 69,440 | $3.7M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -4.9% | 2,508 | $3.0M |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | Reduce -2.2% | 3,135,000 | $3.0M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.9% | 2,074 | $2.4M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | New | 2,260,000 | $1.9M |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | Reduce -1.3% | 1,895,000 | $1.8M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Sold out | 1,523,582 | $1.7Mbefore exit |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +8.5% | 29,871 | $1.2M |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | Reduce -35.7% | 206,760 | $3K |
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 | 2,266 | $149.8B | NVDA, AAPL, AMZN, MSFT, GOOGL |
| Q1 2026 | 2,138 | $131.3B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q4 2025 | 2,082 | $134.2B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q3 2025 | 2,007 | $136.7B | MSFT, NVDA, AAPL, AMZN, JPM |
| Q2 2025Amended | 2,023 | $129.9B | MSFT, NVDA, AMZN, AAPL, JPM |
| Q1 2025 | 1,942 | $119.3B | MSFT, AAPL, AMZN, NVDA, JPM |
| Q4 2024 | 1,896 | $125.9B | MSFT, AAPL, NVDA, AMZN, JPM |
| Q3 2024 | 1,896 | $128.1B | MSFT, AAPL, NVDA, AMZN, JPM |
| Q2 2024Amended | 1,869 | $121.8B | MSFT, AAPL, NVDA, AMZN, JPM |
| Q1 2024Amended | 1,796 | $120.9B | MSFT, AMZN, AAPL, NVDA, JPM |