Neuberger Berman Group LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Neuberger Berman Group LLC reported 2,082 stock positions worth $134.2 billion. Its top holding was Microsoft (MSFT) at 4.2% of the portfolio, followed by Nvidia (NVDA, 3.7%) and Apple (AAPL, 3.3%). Compared with Q3 2025, it opened 172 new positions, sold out of 100, added to 970 and reduced 885. The biggest buy was Eli Lilly (LLY, shares +2%) and the biggest sale Oracle (ORCL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001465109
- Portfolio Value
- $134.2B (Q4 2025)
- SEC Filing
- 0001465109-26-000010 ↗ filed Feb 13, 2026
Holdings Value
Holdings 2,082 stocks · $134.2B
| MSFT Microsoft Corp. | 4.23% | 11,752,989 | $5.7B | Add +0.7% |
| NVDA Nvidia Corp. | 3.74% | 26,882,857 | $5.0B | Add +1.0% |
| AAPL Apple Inc. | 3.28% | 16,215,660 | $4.4B | Reduce -3.3% |
| AMZN Amazon.com Inc. | 2.83% | 16,446,510 | $3.8B | Add +0.0% |
| GOOGL Alphabet Inc. Class A | 2.21% | 9,474,814 | $3.0B | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 2.05% | 8,760,909 | $2.7B | Reduce -7.3% |
| JPM JPMorgan Chase & Co. | 1.97% | 8,214,514 | $2.6B | Reduce -6.3% |
| LLY Eli Lilly & Co. | 1.42% | 1,776,791 | $1.9B | Add +1.6% |
| META Meta Platforms Inc. Class A | 1.19% | 2,421,766 | $1.6B | Add +5.3% |
| AVGO Broadcom Inc. | 1.09% | 4,233,862 | $1.5B | Add +8.1% |
| HD Home Depot Inc. | 0.99% | 3,875,044 | $1.3B | Add +0.8% |
| IVV iShares Core S&P 500 ETF | 0.91% | 1,778,949 | $1.2B | Add +0.6% |
| NEE Nextera Energy Inc. | 0.83% | 13,801,170 | $1.1B | Add +9.7% |
| V Visa Inc. Class A | 0.79% | 3,029,046 | $1.1B | Add +6.4% |
| ORCL Oracle Corp. | 0.70% | 4,832,366 | $941.9M | Reduce -3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 1,853,053 | $931.5M | Reduce -6.5% |
| TMUS T-Mobile US Inc. | 0.67% | 4,458,113 | $905.2M | Reduce -4.2% |
| APH Amphenol Corp. Class A | 0.67% | 6,696,732 | $905.0M | Add +11.8% |
| MA Mastercard Inc. Class A | 0.67% | 1,565,050 | $893.7M | Reduce -3.7% |
| XOM Exxon Mobil Corp. | 0.62% | 6,865,491 | $826.3M | Reduce -0.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.59% | 744,061 | $796.1M | Reduce -6.9% |
| GE General Electric filed as GE AEROSPACE | 0.57% | 2,484,971 | $765.5M | Reduce -2.8% |
| JNJ Johnson & Johnson | 0.56% | 3,634,891 | $752.2M | Reduce -10.5% |
| COST Costco Wholesale Corp. | 0.54% | 835,578 | $720.6M | Reduce -4.7% |
| WMB Williams Cos Inc. | 0.53% | 11,796,870 | $709.1M | Add +0.7% |
| SPGI S&P Global Inc. | 0.51% | 1,313,189 | $686.4M | Reduce -23.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.50% | 4,374,970 | $672.1M | Reduce -6.2% |
| ADI Analog Devices Inc. | 0.48% | 2,388,945 | $647.9M | Reduce -14.8% |
| DHR Danaher Corp. | 0.48% | 2,792,416 | $639.3M | Add +0.7% |
| AON Aon PLC Class A | 0.47% | 1,804,303 | $636.7M | Reduce -22.6% |
| MSI Motorola Solutions Inc. | 0.46% | 1,625,531 | $623.1M | Add +5.9% |
| ABT Abbott Laboratories | 0.44% | 4,755,148 | $595.8M | Reduce -9.2% |
| CME Cme Group Inc. | 0.44% | 2,169,135 | $592.5M | Add +3.4% |
| NBCR Neuberger Core Equity ETF | 0.44% | 18,645,832 | $587.5M | Add +48.1% |
| BX Blackstone Inc. | 0.44% | 3,805,821 | $586.6M | Reduce -4.0% |
| WMT Walmart Inc. | 0.43% | 5,219,009 | $581.5M | Reduce -6.9% |
| MCD McDonald's Corp. | 0.42% | 1,827,316 | $558.5M | Reduce -2.8% |
| CVX Chevron Corp. | 0.41% | 3,580,097 | $545.6M | Reduce -11.8% |
| LIN Linde PLC | 0.40% | 1,272,190 | $542.4M | Reduce -4.9% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 899,816 | $521.4M | Add +3.7% |
| TRGP Targa Resources Corp. | 0.38% | 2,792,920 | $515.3M | Add +0.1% |
| WFC Wells Fargo & Co. | 0.38% | 5,490,686 | $511.9M | Reduce -8.2% |
| UBER Uber Technologies Inc. | 0.37% | 6,126,731 | $500.6M | Reduce -17.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 8,925,205 | $490.9M | Reduce -7.7% |
| NFLX Netflix Inc. | 0.37% | 5,234,520 | $490.8M | Add +22.1% |
| CAT Caterpillar Inc. | 0.36% | 850,225 | $487.1M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 0.36% | 6,246,826 | $481.2M | Reduce -5.6% |
| BA The Boeing Co. | 0.36% | 2,212,065 | $480.4M | Add +1.4% |
| ETN Eaton Corp. PLC | 0.35% | 1,468,612 | $467.8M | Reduce -7.2% |
| EPD Enterprise Products Partners | 0.34% | 14,292,826 | $458.2M | Reduce -7.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.34% | 4,959,858 | $456.0M | Reduce -2.1% |
| UNP Union Pacific Corp. | 0.33% | 1,907,720 | $441.3M | Add +0.4% |
| VOO Vanguard S&P 500 ETF | 0.33% | 701,604 | $440.0M | Add +1.1% |
| LNG Cheniere Energy Inc. | 0.32% | 2,184,928 | $424.7M | Reduce -6.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 3,730,039 | $424.4M | Add +3.8% |
| SCCO Southern Copper Corp. | 0.31% | 2,934,607 | $421.0M | Reduce -7.3% |
| CNP Centerpoint Energy Inc. | 0.31% | 10,929,650 | $419.0M | Reduce -2.8% |
| KD Kyndryl Holdings Inc. | 0.31% | 15,466,103 | $410.8M | Add +2.3% |
| MS Morgan Stanley | 0.30% | 2,275,708 | $404.0M | Reduce -3.5% |
| FE Firstenergy Corp. | 0.30% | 9,012,551 | $403.5M | Add +5.2% |
| CEG Constellation Energy | 0.30% | 1,132,895 | $400.3M | Add +55.7% |
| PM Philip Morris International | 0.29% | 2,438,554 | $391.2M | Reduce -7.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 1,287,460 | $390.3M | Add +19.1% |
| PGR Progressive Corp. | 0.28% | 1,678,856 | $382.4M | Reduce -8.1% |
| BSX Boston Scientific Corp. | 0.28% | 4,010,261 | $382.4M | Add +0.6% |
| APO Apollo Global Management Inc. | 0.28% | 2,621,310 | $379.5M | Reduce -5.7% |
| INTU Intuit Inc. | 0.28% | 569,093 | $377.1M | Reduce -7.9% |
| CSX CSX Corp. | 0.28% | 10,310,772 | $373.8M | Add +4.1% |
| COF Capital One Financial Corp. | 0.27% | 1,510,456 | $366.2M | Reduce -11.1% |
| WBD Warner Bros Discovery Inc. | 0.27% | 12,452,042 | $358.9M | Add +58.6% |
| MDT Medtronic PLC | 0.26% | 3,575,048 | $343.5M | Add +2.7% |
| BLK BlackRock Inc. | 0.26% | 320,420 | $343.0M | Reduce -2.0% |
| AMD Advanced Micro Devices | 0.25% | 1,597,547 | $342.1M | Add +19.2% |
| URI United Rentals Inc. | 0.25% | 419,034 | $339.2M | Add +83.9% |
| RTX RTX Corp. | 0.25% | 1,848,572 | $339.0M | Reduce -11.2% |
| MCO Moody's Corp. | 0.25% | 663,473 | $338.9M | Reduce -3.4% |
| VST Vistra Corp. | 0.25% | 2,077,657 | $335.2M | Add +1.0% |
| HOOD Robinhood Markets Inc. Class A | 0.25% | 2,958,902 | $334.7M | Add +2.8% |
| DTM DT Midstream Inc. | 0.25% | 2,782,736 | $333.0M | Reduce -0.5% |
| GS Goldman Sachs Group Inc. | 0.24% | 372,198 | $327.2M | Add +4.0% |
| REGN Regeneron Pharmaceuticals | 0.24% | 422,127 | $325.8M | Add +1.5% |
| AEM Agnico Eagle Mines Ltd. | 0.24% | 1,913,598 | $324.6M | Reduce -17.9% |
| MRK Merck & Co. Inc. | 0.24% | 3,039,898 | $320.0M | Add +16.4% |
| NOW ServiceNow Inc. | 0.24% | 2,084,521 | $319.3M | Reduce -9.5% |
| PG The Procter & Gamble Co. | 0.24% | 2,226,246 | $319.1M | Reduce -23.8% |
| BN Brookfield Corp. | 0.24% | 6,940,908 | $318.6M | Reduce -3.3% |
| SPOT Spotify Technology SA | 0.23% | 537,454 | $312.1M | Reduce -26.6% |
| HAE Haemonetics Corp. | 0.23% | 3,865,676 | $309.9M | Add +5.3% |
| MMM 3M Co. | 0.23% | 1,931,832 | $309.3M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 1,022,679 | $303.0M | Reduce -9.1% |
| VRSK Verisk Analytics Inc. | 0.22% | 1,347,866 | $301.5M | Reduce -10.4% |
| COO The Cooper Cos Inc. | 0.22% | 3,637,899 | $297.3M | Reduce -6.2% |
| IBKR Interactive Brokers Gro Class A | 0.22% | 4,616,728 | $297.3M | Reduce -4.6% |
| AMAT Applied Materials Inc. | 0.22% | 1,136,541 | $292.7M | Add +23.1% |
| LRCX Lam Research Corp. | 0.21% | 1,670,400 | $285.9M | Reduce -21.8% |
| AVY Avery Dennison Corp. | 0.21% | 1,547,623 | $281.5M | Reduce -5.4% |
| ACA Arcosa Inc. | 0.21% | 2,635,219 | $280.2M | Reduce -4.2% |
| TTEK Tetra Tech Inc. | 0.21% | 8,351,221 | $280.1M | Reduce -7.5% |
| NVT Nvent Electric PLC | 0.21% | 2,702,238 | $275.5M | Reduce -8.5% |
| UGI Ugi Corp. | 0.20% | 7,334,009 | $274.5M | Add +107.2% |
Options reported separately and not counted above: GDX calls ($9.3M), NOW puts ($2.2M), PTON calls ($1.3M), COF puts ($1.1M), SG calls ($468K), NTNX puts ($420K), HD calls ($414K).
Other holdings (22): bonds, preferreds, convertibles and warrants · $95.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 562,100 | $29.1M | Reduce -0.1% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 7,895,000 | $7.5M | Add +5.9% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 108,149 | $7.5M | Add +0.5% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 165,695 | $6.8M | Reduce -3.4% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 86,146 | $6.5M | Reduce -4.0% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 6,370,000 | $6.0M | Add +7.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 290,021 | $5.5M | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 213,663 | $4.1M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 3,715,000 | $3.7M | Reduce -38.8% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 3,525,000 | $3.4M | Reduce -1.4% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,474 | $3.1M | Reduce -1.0% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 60,940 | $3.1M | Reduce -12.2% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 2,461 | $3.0M | Add +13.2% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 2,550,000 | $2.4M | Add +14.6% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 1,620,000 | $1.6M | Reduce -1.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 22,980 | $1.4M | New |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 5,000 | $394K | No change |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 100,000 | $82K | New |
| 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 | $2K | No change |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 31,552 | $820 | No change |
| MAPSW WM Technology Inc.-CW24 | *W EXP 06/16/202 | 32,468 | $328 | No change |
Total filed on the 13F, all lines: $134.3B.
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Reduce -3.3% | 0.70% | −0.33 |
| FISV Fiserv Inc. | Reduce -69.3% | 0.04% | −0.18 |
| UBER Uber Technologies Inc. | Reduce -17.0% | 0.37% | −0.16 |
| SPOT Spotify Technology SA | Reduce -26.6% | 0.23% | −0.14 |
| TXN Texas Instruments Inc. | Reduce -39.8% | 0.19% | −0.14 |
| TMUS T-Mobile US Inc. | Reduce -4.2% | 0.67% | −0.14 |
| EOG EOG Resources Inc. | Reduce -44.0% | 0.16% | −0.14 |
| AON Aon PLC Class A | Reduce -22.6% | 0.47% | −0.13 |
| CYBR Cyberark Software Ltd./Israel | Reduce -72.9% | 0.04% | −0.11 |
| CP Canadian Pacific Kansas City | Reduce -82.0% | 0.02% | −0.11 |
| PSA Public Storage | Reduce -71.7% | 0.04% | −0.11 |
| TDG Transdigm Group Inc. | Reduce -79.3% | 0.03% | −0.10 |
| SPGI S&P Global Inc. | Reduce -23.7% | 0.51% | −0.10 |
| CDW CDW Corp. | Reduce -44.9% | 0.09% | −0.10 |
| CVLT Commvault Systems Inc. | Reduce -44.0% | 0.06% | −0.10 |
| TREX Trex Company Inc. | Reduce -98.3% | 0.00% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -23.8% | 0.24% | −0.09 |
| GETY Getty Images Holdings Inc. | Reduce -77.3% | 0.02% | −0.09 |
| LNG Cheniere Energy Inc. | Reduce -6.9% | 0.32% | −0.09 |
| ETN Eaton Corp. PLC | Reduce -7.2% | 0.35% | −0.08 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -89.7% | 0.01% | −0.08 |
| DHI D.R. Horton Inc. | Reduce -34.5% | 0.11% | −0.08 |
| MTCH Match Group Inc. | Reduce -97.8% | 0.00% | −0.08 |
| TER Teradyne Inc. | Reduce -78.9% | 0.03% | −0.07 |
| NOW ServiceNow Inc. | Reduce -9.5% | 0.24% | −0.07 |
| PNC PNC Financial Services Group | Reduce -30.5% | 0.19% | −0.07 |
| ABT Abbott Laboratories | Reduce -9.2% | 0.44% | −0.07 |
| LEN Lennar Corp. Class A | Reduce -29.3% | 0.10% | −0.07 |
| DGX Quest Diagnostics Inc. | Reduce -91.5% | 0.01% | −0.07 |
| TWLO Twilio Inc. Class A | Reduce -96.2% | 0.00% | −0.07 |
| WDC Western Digital Corp. | Reduce -68.9% | 0.05% | −0.06 |
| ZTS Zoetis Inc. | Reduce -27.9% | 0.11% | −0.06 |
| HUBS HubSpot Inc. | Reduce -48.3% | 0.05% | −0.06 |
| ANET Arista Networks Inc. | Reduce -30.2% | 0.11% | −0.06 |
| REVG Rev Group Inc. | Reduce -99.6% | 0.00% | −0.06 |
| LIN Linde PLC | Reduce -4.9% | 0.40% | −0.06 |
| DKNG Draftkings Inc. Class A | Reduce -64.2% | 0.03% | −0.06 |
| BX Blackstone Inc. | Reduce -4.0% | 0.44% | −0.06 |
| GDDY GoDaddy Inc. Class A | Reduce -32.9% | 0.09% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -4.7% | 0.54% | −0.06 |
| CFR Cullen/Frost Bankers Inc. | Reduce -44.0% | 0.07% | −0.06 |
| DE Deere & Co. | Reduce -42.8% | 0.08% | −0.06 |
| ALC Alcon Inc. | Reduce -64.9% | 0.03% | −0.06 |
| CVX Chevron Corp. | Reduce -11.8% | 0.41% | −0.05 |
| WPM Wheaton Precious Metals Corp. | Reduce -31.2% | 0.15% | −0.05 |
| UL Unilever PLC-Sponsored ADR | Reduce -87.7% | 0.01% | −0.05 |
| PEG Public Service Enterprise GP | Reduce -85.9% | 0.01% | −0.05 |
| SNDK Sandisk Corp. | Reduce -70.8% | 0.09% | −0.05 |
| VRSK Verisk Analytics Inc. | Reduce -10.4% | 0.22% | −0.05 |
| DUK Duke Energy Corp. | Reduce -64.2% | 0.03% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +1.6% | 1.42% | +0.45 |
| AMZN Amazon.com Inc. | Add +0.0% | 2.83% | +0.19 |
| WBD Warner Bros Discovery Inc. | Add +58.6% | 0.27% | +0.16 |
| NBCR Neuberger Core Equity ETF | Add +48.1% | 0.44% | +0.15 |
| AVGO Broadcom Inc. | Add +8.1% | 1.09% | +0.15 |
| APH Amphenol Corp. Class A | Add +11.8% | 0.67% | +0.13 |
| NEE Nextera Energy Inc. | Add +9.7% | 0.83% | +0.13 |
| CEG Constellation Energy | Add +55.7% | 0.30% | +0.12 |
| UGI Ugi Corp. | Add +107.2% | 0.20% | +0.12 |
| NVDA Nvidia Corp. | Add +1.0% | 3.74% | +0.10 |
| HAE Haemonetics Corp. | Add +5.3% | 0.23% | +0.10 |
| AMD Advanced Micro Devices | Add +19.2% | 0.25% | +0.10 |
| CLS Celestica Inc. | Add +162.4% | 0.14% | +0.09 |
| URI United Rentals Inc. | Add +83.9% | 0.25% | +0.09 |
| LITE Lumentum Holdings Inc. | Add +28.7% | 0.13% | +0.09 |
| AMGN Amgen Inc. | Add +221.4% | 0.11% | +0.08 |
| V Visa Inc. Class A | Add +6.4% | 0.79% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +3.7% | 0.39% | +0.08 |
| AMAT Applied Materials Inc. | Add +23.1% | 0.22% | +0.08 |
| MRK Merck & Co. Inc. | Add +16.4% | 0.24% | +0.08 |
| DHR Danaher Corp. | Add +0.7% | 0.48% | +0.07 |
| MKTX Marketaxess Holdings Inc. | Add +26504.0% | 0.07% | +0.07 |
| REGN Regeneron Pharmaceuticals | Add +1.5% | 0.24% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +19.1% | 0.29% | +0.07 |
| RDDT Reddit Inc. Class A | Add +60.0% | 0.18% | +0.07 |
| JKHY Jack Henry & Associates Inc. | Add +43.6% | 0.15% | +0.07 |
| EXPE Expedia Group Inc. | Add +11.5% | 0.20% | +0.07 |
| TFC Truist Financial Corp. | Add +362.9% | 0.08% | +0.06 |
| DXCM Dexcom Inc. | Add +111.6% | 0.12% | +0.06 |
| MELI MercadoLibre Inc. | Add +232.2% | 0.09% | +0.06 |
| EXAS Exact Sciences Corp. | Add +7351.7% | 0.06% | +0.06 |
| WTM White Mountains Insurance GP | Add +12.7% | 0.20% | +0.06 |
| DASH DoorDash Inc. Class A | Add +128.5% | 0.12% | +0.06 |
| EA Electronic Arts Inc. | Add +78.2% | 0.12% | +0.06 |
| HAL Halliburton Co. | Add +334.5% | 0.07% | +0.05 |
| IREN Iren Ltd. | Add +2050.8% | 0.06% | +0.05 |
| FITB Fifth Third Bancorp | Add +1315.2% | 0.05% | +0.05 |
| MAR Marriott International Class A | Add +49.7% | 0.11% | +0.05 |
| HOLX Hologic Inc. | Add +3089.7% | 0.05% | +0.05 |
| ROK Rockwell Automation Inc. | Add +82.0% | 0.09% | +0.05 |
| SEE Sealed Air Corp. | Add +89.0% | 0.08% | +0.05 |
| BLLN Billiontoone Inc. Class A | New | 0.04% | +0.04 |
| PSX Phillips 66 | Add +49.0% | 0.14% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +0.6% | 0.91% | +0.04 |
| TRGP Targa Resources Corp. | Add +0.1% | 0.38% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +22.1% | 0.18% | +0.04 |
| DOW Dow Inc. | Add +76.0% | 0.09% | +0.04 |
| CMA Comerica Inc. | Add +1462.5% | 0.04% | +0.04 |
| STLD Steel Dynamics Inc. | Add +76.7% | 0.07% | +0.04 |
| BE Bloom Energy Corp. Class A | Add +72.0% | 0.09% | +0.04 |
Options Activity Q3 2025 → Q4 2025
| GDX Vaneck Gold Miners ETF | call | Reduce -55.0% | 4,500 | $9.3M |
| NOW ServiceNow Inc. | put | New | 1,650 | $2.2M |
| PTON Peloton Interactive Inc. Class A | call | New | 23,948 | $1.3M |
| COF Capital One Financial Corp. | put | New | 1,465 | $1.1M |
| LW Lamb Weston Holdings Inc. | call | Sold out | 2,000 | $820Kbefore exit |
| SG Sweetgreen Inc. Class A | call | New | 8,509 | $468K |
| NTNX Nutanix Inc. Class A | put | New | 400 | $420K |
| HD Home Depot Inc. | call | New | 844 | $414K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -0.1% | 562,100 | $29.1M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +5.9% | 7,895,000 | $7.5M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +0.5% | 108,149 | $7.5M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Reduce -3.4% | 165,695 | $6.8M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -4.0% | 86,146 | $6.5M |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | Add +7.2% | 6,370,000 | $6.0M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -38.8% | 3,715,000 | $3.7M |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | Reduce -1.4% | 3,525,000 | $3.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.0% | 2,474 | $3.1M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Reduce -12.2% | 60,940 | $3.1M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +13.2% | 2,461 | $3.0M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | Add +14.6% | 2,550,000 | $2.4M |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | Reduce -1.5% | 1,620,000 | $1.6M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 22,980 | $1.4M |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 100,000 | $82K |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Sold out | 50,000 | $50Kbefore exit |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | Sold out | 47,817 | $445before exit |
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 |