Nomura Asset Management International Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Nomura Asset Management International Inc. reported 1,195 stock positions worth $58.3 billion. Its top holding was Nvidia (NVDA) at 4.6% of the portfolio, followed by Microsoft (MSFT, 2.9%) and Alphabet Class A (GOOGL, 2.4%). Compared with Q4 2025, it opened 103 new positions, sold out of 101, added to 324 and reduced 639. The biggest buy was Seagate Technology (STX, shares +36717%) and the biggest sale Microsoft (MSFT, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- PHILADELPHIA, PA
- CIK
- 0000921739
- Portfolio Value
- $58.3B (Q1 2026)
- SEC Filing
- 0000905148-26-002311 ↗ filed May 15, 2026
Holdings Value
Holdings 1,195 stocks · $58.3B
| NVDA Nvidia Corp. | 4.59% | 15,327,251 | $2.7B | Reduce -4.4% |
| MSFT Microsoft Corp. | 2.94% | 4,631,277 | $1.7B | Reduce -19.5% |
| GOOGL Alphabet Inc. Class A | 2.36% | 4,781,128 | $1.4B | Reduce -11.2% |
| AAPL Apple Inc. | 2.28% | 5,239,170 | $1.3B | Reduce -9.9% |
| AMZN Amazon.com Inc. | 2.07% | 5,797,054 | $1.2B | Reduce -6.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.56% | 2,692,843 | $910.0M | Add +0.3% |
| AVGO Broadcom Inc. | 1.40% | 2,638,967 | $816.8M | Reduce -4.2% |
| META Meta Platforms Inc. Class A | 1.23% | 1,248,052 | $714.0M | Add +34.4% |
| STX Seagate Technology Holdings | 1.21% | 1,804,383 | $706.9M | Add +36716.6% |
| HWM Howmet Aerospace Inc. | 0.88% | 2,217,838 | $511.1M | Reduce -14.2% |
| AMD Advanced Micro Devices | 0.84% | 2,413,062 | $490.9M | Add +8.6% |
| V Visa Inc. Class A | 0.83% | 1,591,208 | $480.9M | Reduce -20.9% |
| GILD Gilead Sciences Inc. | 0.82% | 3,447,111 | $480.4M | Reduce -3.2% |
| NFLX Netflix Inc. | 0.74% | 4,473,992 | $430.2M | Add +1.3% |
| MA Mastercard Inc. Class A | 0.71% | 826,331 | $412.9M | Reduce -4.0% |
| BKNG Booking Holdings Inc. | 0.63% | 87,783 | $369.6M | Add +21.5% |
| ICE Intercontinental Exchange Inc. | 0.59% | 2,182,444 | $343.3M | Reduce -4.8% |
| MU Micron Technology Inc. | 0.57% | 975,983 | $329.7M | Reduce -20.8% |
| INTU Intuit Inc. | 0.56% | 753,125 | $325.6M | Add +70.9% |
| VOO Vanguard S&P 500 ETF | 0.53% | 516,226 | $308.5M | Reduce -30.4% |
| XOM Exxon Mobil Corp. | 0.52% | 1,784,911 | $302.8M | Reduce -9.9% |
| BABA Alibaba Group Holding-SP ADR | 0.51% | 2,360,589 | $296.2M | Add +4.4% |
| DHR Danaher Corp. | 0.49% | 1,507,546 | $285.8M | Reduce -16.3% |
| TXN Texas Instruments Inc. | 0.48% | 1,437,034 | $279.0M | Add +3.8% |
| ISRG Intuitive Surgical Inc. | 0.47% | 593,952 | $273.8M | Reduce -4.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.44% | 2,852,637 | $258.3M | Reduce -27.9% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.44% | 194,837 | $257.3M | Add +3.7% |
| EFG iShares MSCI Eafe Growth ETF | 0.44% | 2,308,868 | $257.1M | Reduce -2.8% |
| WDC Western Digital Corp. | 0.41% | 891,662 | $241.2M | Reduce -13.1% |
| IDXX Idexx Laboratories Inc. | 0.39% | 399,376 | $224.4M | Reduce -7.6% |
| EW Edwards Lifesciences Corp. | 0.38% | 2,768,995 | $221.7M | Add +149.6% |
| CSCO Cisco Systems Inc. | 0.37% | 2,798,623 | $217.1M | Reduce -0.5% |
| ONB Old National Bancorp | 0.36% | 9,611,237 | $212.4M | Reduce -6.6% |
| NEE Nextera Energy Inc. | 0.36% | 2,268,759 | $210.7M | Reduce -18.7% |
| SPGI S&P Global Inc. | 0.35% | 483,224 | $205.5M | Reduce -0.5% |
| PLD Prologis Inc. | 0.35% | 1,548,139 | $204.6M | Reduce -22.8% |
| JPM JPMorgan Chase & Co. | 0.35% | 691,751 | $203.5M | Reduce -11.1% |
| SPOT Spotify Technology SA | 0.35% | 419,242 | $203.3M | Add +57.5% |
| VMC Vulcan Materials Co. | 0.34% | 725,464 | $197.5M | Reduce -12.8% |
| CARR Carrier Global Corp. | 0.34% | 3,502,128 | $197.2M | Add +367.6% |
| KTOS Kratos Defense & Security | 0.34% | 2,782,153 | $196.2M | Add +7.8% |
| T AT&T Inc. | 0.33% | 6,611,770 | $191.7M | Reduce -20.8% |
| COST Costco Wholesale Corp. | 0.32% | 189,802 | $189.1M | Reduce -4.3% |
| INSM Insmed Inc. | 0.32% | 1,143,739 | $187.0M | Reduce -3.3% |
| BKH Black Hills Corp. | 0.32% | 2,679,192 | $186.0M | Add +0.9% |
| AMAT Applied Materials Inc. | 0.32% | 538,347 | $184.0M | Reduce -5.2% |
| PNC PNC Financial Services Group | 0.31% | 863,712 | $179.7M | Add +272.3% |
| PWR Quanta Services Inc. | 0.31% | 325,457 | $178.7M | Reduce -5.6% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 354,599 | $174.3M | Reduce -8.9% |
| ACN Accenture PLC Class A | 0.30% | 872,333 | $173.0M | Reduce -50.2% |
| WFC Wells Fargo & Co. | 0.29% | 2,159,773 | $171.9M | Add +9.1% |
| SMTC Semtech Corp. | 0.29% | 2,223,154 | $170.9M | Reduce -9.4% |
| SPXC SPX Technologies Inc. | 0.29% | 831,162 | $166.2M | Reduce -10.7% |
| WCN Waste Connections Inc. | 0.28% | 1,016,883 | $165.2M | Reduce -6.4% |
| ETN Eaton Corp. PLC | 0.28% | 459,531 | $164.4M | Add +2.4% |
| VRSK Verisk Analytics Inc. | 0.28% | 853,167 | $161.9M | Add +8.8% |
| MRK Merck & Co. Inc. | 0.28% | 1,345,718 | $161.9M | Reduce -31.5% |
| MPWR Monolithic Power Systems Inc. | 0.28% | 147,967 | $161.8M | Reduce -10.4% |
| WELL Welltower Inc. | 0.28% | 810,731 | $160.3M | Reduce -33.3% |
| MGY Magnolia Oil & Gas Corp. Class A | 0.27% | 4,972,261 | $157.0M | Add +0.3% |
| MOD Modine Manufacturing Co. | 0.27% | 715,566 | $155.1M | Reduce -12.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.26% | 559,462 | $154.0M | Reduce -21.9% |
| ROAD Construction Partners Inc. Class A | 0.26% | 1,384,973 | $153.9M | Reduce -2.6% |
| ABBV Abbvie Inc. | 0.26% | 707,370 | $153.8M | Reduce -3.7% |
| KRG Kite Realty Group Trust | 0.26% | 6,240,410 | $153.2M | Reduce -7.8% |
| VLY Valley National Bancorp | 0.26% | 12,457,731 | $153.0M | Reduce -6.0% |
| FFBC First Financial Bancorp filed as 1ST FINL BANCORP | 0.26% | 5,480,061 | $152.8M | Reduce -7.0% |
| MS Morgan Stanley | 0.26% | 914,518 | $150.5M | Reduce -15.0% |
| EQIX Equinix Inc. | 0.26% | 153,004 | $150.0M | Reduce -44.4% |
| CASY Casey's General Stores Inc. | 0.25% | 198,026 | $144.1M | Reduce -22.1% |
| CMI Cummins Inc. | 0.25% | 265,818 | $143.0M | Reduce -5.7% |
| PEP Pepsico Inc. | 0.24% | 918,954 | $142.7M | Add +11.4% |
| APH Amphenol Corp. Class A | 0.24% | 1,120,367 | $141.6M | Reduce -3.3% |
| CME Cme Group Inc. | 0.24% | 478,746 | $141.4M | Reduce -4.7% |
| MTSI Macom Technology Solutions H | 0.24% | 635,061 | $141.0M | Reduce -14.8% |
| IMAX Imax Corp. | 0.24% | 3,704,207 | $140.8M | Reduce -13.2% |
| NET Cloudflare Inc. Class A | 0.24% | 674,748 | $139.2M | Reduce -12.6% |
| SLAB Silicon Laboratories Inc. | 0.24% | 661,438 | $137.7M | Reduce -27.8% |
| AXSM Axsome Therapeutics Inc. | 0.24% | 812,809 | $137.4M | Reduce -17.9% |
| MSCI MSCI Inc. | 0.23% | 253,607 | $136.7M | Add +44.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.23% | 449,505 | $136.7M | Add +26.1% |
| LLY Eli Lilly & Co. | 0.23% | 144,813 | $133.2M | Reduce -1.1% |
| WSBC Wesbanco Inc. | 0.23% | 3,850,056 | $132.8M | Reduce -5.8% |
| GOOG Alphabet Inc. Class C | 0.23% | 457,871 | $131.3M | Reduce -12.7% |
| FAST Fastenal Co. | 0.22% | 2,814,807 | $130.6M | Reduce -15.1% |
| CDNS Cadence Design SYS Inc. | 0.22% | 461,221 | $128.2M | Add +6.3% |
| CX Cemex Sab-Spons ADR Part Cer | 0.22% | 11,176,939 | $127.9M | Add +73.0% |
| ASND Ascendis Pharma A/S | 0.22% | 556,427 | $127.3M | Add +12.0% |
| FSS Federal Signal Corp. | 0.22% | 1,175,411 | $127.1M | Reduce -9.8% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.22% | 2,461,086 | $126.5M | Add +43.7% |
| TTMI TTM Technologies | 0.22% | 1,293,432 | $126.0M | Reduce -27.2% |
| ALLY Ally Financial Inc. | 0.22% | 3,210,642 | $126.0M | Add +0.7% |
| ZWS Zurn Elkay Water Solutions C | 0.22% | 2,806,370 | $125.8M | Reduce -12.1% |
| AXS Axis Capital Holdings Ltd. | 0.22% | 1,240,047 | $125.8M | Reduce -11.3% |
| AZO AutoZone Inc. | 0.22% | 37,127 | $125.4M | Reduce -5.0% |
| LNG Cheniere Energy Inc. | 0.21% | 440,340 | $125.0M | Reduce -42.0% |
| MCK McKesson Corp. | 0.21% | 144,385 | $124.9M | Reduce -6.6% |
| MSI Motorola Solutions Inc. | 0.21% | 287,696 | $124.9M | Add +67.6% |
| GPOR Gulfport Energy Corp. | 0.21% | 589,773 | $124.8M | Add +20.8% |
| C Citigroup Inc. | 0.21% | 1,091,708 | $123.8M | Reduce -10.5% |
Other holdings (37): bonds, preferreds, convertibles and warrants · $102.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 103,445 | $5.3M | Reduce -0.9% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 1,564,000 | $5.3M | Reduce -27.7% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 718,000 | $5.1M | Reduce -19.3% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 2,948,000 | $3.9M | No change |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 3,028,000 | $3.6M | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 3,591,000 | $3.6M | Add +26.4% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 54,274 | $3.5M | No change |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 3,963,000 | $3.5M | No change |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 3,401,000 | $3.4M | No change |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 1,492,000 | $3.2M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,711,000 | $3.1M | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 2,899,000 | $3.1M | No change |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 3,392,000 | $3.1M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 54,312 | $3.1M | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 2,612,000 | $3.0M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 2,427,000 | $3.0M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 3,225,000 | $3.0M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 3,000,000 | $2.9M | No change |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 2,960,000 | $2.9M | No change |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,726,000 | $2.8M | No change |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 47,764 | $2.8M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,090,000 | $2.7M | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 66,900 | $2.5M | Add +25.9% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 2,581,000 | $2.4M | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,999 | $2.4M | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 2,000,000 | $2.3M | No change |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 525,000 | $2.0M | No change |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 1,608,000 | $2.0M | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 1,877,000 | $1.8M | Reduce -1.2% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 1,480,000 | $1.8M | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,750,000 | $1.7M | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 1,524,000 | $1.7M | Reduce -34.6% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 1,777,000 | $1.6M | No change |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 1,358,000 | $1.4M | Reduce -32.1% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,071,000 | $1.3M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 1,035,000 | $1.1M | Reduce -35.3% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 487,000 | $578K | No change |
Total filed on the 13F, all lines: $58.4B.
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -19.5% | 2.94% | −1.26 |
| CRM Salesforce Inc. | Reduce -85.3% | 0.09% | −0.67 |
| ACN Accenture PLC Class A | Reduce -50.2% | 0.30% | −0.41 |
| U Unity Software Inc. | Sold out | 0.00% | −0.28 |
| CDW CDW Corp. | Reduce -77.4% | 0.08% | −0.28 |
| DDOG Datadog Inc. Class A | Reduce -71.5% | 0.10% | −0.25 |
| V Visa Inc. Class A | Reduce -20.9% | 0.83% | −0.24 |
| CSGP Costar Group Inc. | Reduce -40.3% | 0.16% | −0.24 |
| GOOGL Alphabet Inc. Class A | Reduce -11.2% | 2.36% | −0.19 |
| VEEV Veeva Systems Inc. Class A | Reduce -49.9% | 0.14% | −0.18 |
| VOO Vanguard S&P 500 ETF | Reduce -30.4% | 0.53% | −0.17 |
| UNH Unitedhealth Group Inc. | Reduce -75.8% | 0.05% | −0.17 |
| EL Estee Lauder Companies Class A | Reduce -66.0% | 0.06% | −0.16 |
| OTIS Otis Worldwide Corp. | Reduce -50.9% | 0.15% | −0.16 |
| SNPS Synopsys Inc. | Reduce -59.5% | 0.10% | −0.15 |
| COF Capital One Financial Corp. | Reduce -69.8% | 0.05% | −0.15 |
| SNOW Snowflake Inc. | Reduce -42.0% | 0.12% | −0.15 |
| DASH DoorDash Inc. Class A | Reduce -28.1% | 0.17% | −0.15 |
| KKR KKR & Co. Inc. | Reduce -86.7% | 0.02% | −0.14 |
| HD Home Depot Inc. | Reduce -67.4% | 0.08% | −0.14 |
| EFX Equifax Inc. | Reduce -52.8% | 0.11% | −0.14 |
| DHR Danaher Corp. | Reduce -16.3% | 0.49% | −0.13 |
| ROL Rollins Inc. | Reduce -78.4% | 0.03% | −0.12 |
| CADE Cadence Bank | Sold out | 0.00% | −0.12 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.11 |
| IQV Iqvia Holdings Inc. | Reduce -66.6% | 0.04% | −0.11 |
| AAPL Apple Inc. | Reduce -9.9% | 2.28% | −0.11 |
| TRV The Travelers Cos Inc. | Reduce -72.0% | 0.05% | −0.11 |
| WBS Webster Financial Corp. | Reduce -57.9% | 0.12% | −0.11 |
| VMRK Vivmark Residential | Reduce -89.5% | 0.01% | −0.10 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.10 |
| ESNT Essent Group Ltd. | Reduce -38.2% | 0.17% | −0.10 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -6.7% | 2.07% | −0.10 |
| FIS Fidelity National Info Serv | Reduce -99.1% | 0.00% | −0.09 |
| TFC Truist Financial Corp. | Reduce -50.6% | 0.10% | −0.09 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -27.9% | 0.44% | −0.09 |
| TOST Toast Inc. Class A | Reduce -94.0% | 0.00% | −0.09 |
| KO The Coca-Cola Co. | Reduce -59.5% | 0.09% | −0.09 |
| COHR Coherent Corp. | Reduce -72.5% | 0.06% | −0.09 |
| BOOT Boot Barn Holdings Inc. | Reduce -72.8% | 0.03% | −0.08 |
| QTWO Q2 Holdings Inc. | Reduce -26.0% | 0.10% | −0.08 |
| AXP American Express Co. | Reduce -26.8% | 0.17% | −0.08 |
| POOL Pool Corp. | Sold out | 0.00% | −0.08 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −0.08 |
| SRE Sempra | Reduce -42.0% | 0.20% | −0.08 |
| JJSF J & J Snack Foods Corp. | Reduce -76.1% | 0.02% | −0.07 |
| EXC Exelon Corp. | Reduce -46.2% | 0.16% | −0.07 |
| ABT Abbott Laboratories | Reduce -26.6% | 0.16% | −0.07 |
| CCI Crown Castle Inc. | Reduce -38.8% | 0.12% | −0.07 |
Portfolio Buys Q4 2025 → Q1 2026
| STX Seagate Technology Holdings | Add +36716.6% | 1.21% | +1.21 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.3% | 1.56% | +0.33 |
| META Meta Platforms Inc. Class A | Add +34.4% | 1.23% | +0.30 |
| CARR Carrier Global Corp. | Add +367.6% | 0.34% | +0.28 |
| EW Edwards Lifesciences Corp. | Add +149.6% | 0.38% | +0.24 |
| PNC PNC Financial Services Group | Add +272.3% | 0.31% | +0.24 |
| URTH iShares MSCI World ETF | New | 0.20% | +0.20 |
| NOW ServiceNow Inc. | Add +1225.1% | 0.18% | +0.17 |
| CBOE Cboe Global Markets Inc. | New | 0.16% | +0.16 |
| UBER Uber Technologies Inc. | Add +1229.5% | 0.16% | +0.14 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.7% | 0.44% | +0.14 |
| AMD Advanced Micro Devices | Add +8.6% | 0.84% | +0.12 |
| INTU Intuit Inc. | Add +70.9% | 0.56% | +0.12 |
| SLB SLB Ltd. | Add +43.7% | 0.22% | +0.12 |
| MC Moelis & Co. Class A | New | 0.12% | +0.12 |
| TXN Texas Instruments Inc. | Add +3.8% | 0.48% | +0.12 |
| SPOT Spotify Technology SA | Add +57.5% | 0.35% | +0.12 |
| MSI Motorola Solutions Inc. | Add +67.6% | 0.21% | +0.11 |
| NFLX Netflix Inc. | Add +1.3% | 0.74% | +0.11 |
| NE Noble Corp. PLC | New | 0.11% | +0.11 |
| CX Cemex Sab-Spons ADR Part Cer | Add +73.0% | 0.22% | +0.11 |
| MGY Magnolia Oil & Gas Corp. Class A | Add +0.3% | 0.27% | +0.11 |
| SAIA Saia Inc. | Add +199.7% | 0.14% | +0.10 |
| CAH Cardinal Health Inc. | Add +145.0% | 0.15% | +0.10 |
| PG The Procter & Gamble Co. | Add +437.6% | 0.12% | +0.10 |
| ODFL Old Dominion Freight Line | Add +338.1% | 0.11% | +0.09 |
| IRM Iron Mountain Inc. | Add +596.8% | 0.10% | +0.09 |
| SBRA Sabra Health Care REIT Inc. | Add +5103.2% | 0.09% | +0.09 |
| MSCI MSCI Inc. | Add +44.3% | 0.23% | +0.08 |
| PH Parker Hannifin Corp. | Add +70.6% | 0.17% | +0.08 |
| MTDR Matador Resources Co. | Add +33.7% | 0.15% | +0.08 |
| OSW Onespaworld Holdings Ltd. | Add +47.1% | 0.18% | +0.08 |
| RRX Regal Rexnord Corp. | Add +10.4% | 0.20% | +0.08 |
| HLT Hilton Worldwide Holdings Inc. | Add +26.1% | 0.23% | +0.08 |
| STE Steris PLC | Add +331.1% | 0.10% | +0.08 |
| SM SM Energy Co. | Add +1.5% | 0.16% | +0.08 |
| HLIO Helios Technologies Inc. | Add +523.2% | 0.09% | +0.08 |
| TT Trane Technologies PLC | Add +9902.3% | 0.07% | +0.07 |
| KGS Kodiak Gas Services Inc. | Add +9.1% | 0.15% | +0.07 |
| DD Dupont DE Nemours Inc. | Add +58.7% | 0.14% | +0.07 |
| ETR Entergy Corp. | Add +24.7% | 0.17% | +0.07 |
| TXRH Texas Roadhouse Inc. | Add +74.7% | 0.14% | +0.07 |
| CNH CNH Industrial NV | Add +2610.5% | 0.07% | +0.07 |
| BP BP PLC-Spons ADR | Add +197.2% | 0.08% | +0.07 |
| PEP Pepsico Inc. | Add +11.4% | 0.24% | +0.07 |
| ETN Eaton Corp. PLC | Add +2.4% | 0.28% | +0.07 |
| CAVA Cava Group Inc. | New | 0.06% | +0.06 |
| DRS Leonardo DRS Inc. | Add +31.3% | 0.13% | +0.06 |
| DXCM Dexcom Inc. | New | 0.06% | +0.06 |
| GFS Globalfoundries Inc. | Add +1135.8% | 0.07% | +0.06 |
Notes & Other Activity Q4 2025 → Q1 2026
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | Reduce -0.9% | 103,445 | $5.3M |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | Reduce -27.7% | 1,564,000 | $5.3M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -19.3% | 718,000 | $5.1M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Add +26.4% | 3,591,000 | $3.6M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 3,020,000 | $3.4Mbefore exit |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | Sold out | 2,449,000 | $3.2Mbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +25.9% | 66,900 | $2.5M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Sold out | 2,345,000 | $2.3Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 2,086,000 | $2.2Mbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -1.2% | 1,877,000 | $1.8M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -34.6% | 1,524,000 | $1.7M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Sold out | 1,943,000 | $1.6Mbefore exit |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Reduce -32.1% | 1,358,000 | $1.4M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Reduce -35.3% | 1,035,000 | $1.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.