Ontario Teachers Pension Plan Board

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed February 13, 2026), Ontario Teachers Pension Plan Board reported 396 stock positions worth $10.9 billion. Its top holding was GFL Environmental Inc.-Sub VT (GFL) at 12.9% of the portfolio, followed by Microsoft (MSFT, 10.3%) and Chubb (CB, 6.8%). Compared with Q2 2024, it opened 49 new positions, sold out of 76, added to 58 and reduced 270. The biggest buy was a new position in Ulta Beauty (ULTA) and the biggest sale an exit from Morgan Stanley (MS).

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0000937567
Portfolio Value
$10.9B (Q3 2024)
SEC Filing
0001999371-26-003341 ↗ filed Feb 13, 2026

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $10.7B Q1 2024 Q2 2024: $10.1B Q2 2024 Q3 2024: $10.9B $10.9B Q3 2024 Q4 2024: $7.2B Q4 2024 Q1 2025: $6.3B Q1 2025 Q2 2025: $4.7B Q2 2025 Q3 2025: $4.1B Q3 2025 Q4 2025: $4.3B Q4 2025 Q1 2026: $3.3B Q1 2026 Q2 2026: $15.7B Q2 2026

Holdings 396 stocks · $10.9B
GFL GFL Environmental Inc.-Sub VT 12.89% 35,357,367 $1.4B No change
MSFT Microsoft Corp. 10.30% 2,619,542 $1.1B Add +7.7%
CB Chubb Ltd. 6.78% 2,572,215 $741.8M Reduce -0.9%
CMCSA Comcast Corp. Class A 6.10% 15,983,230 $667.6M Add +5.4%
HON Honeywell International Inc. 6.04% 3,197,717 $661.0M Add +7.7%
LOW Lowe's Cos Inc. 5.80% 2,343,365 $634.7M Add +1.6%
BDX Becton Dickinson and Co. 5.51% 2,502,327 $603.3M Add +9.8%
ABBV Abbvie Inc. 5.30% 2,937,895 $580.2M Reduce -3.6%
CRM Salesforce Inc. 5.15% 2,060,741 $564.0M Add +12.0%
DE Deere & Co. 5.12% 1,341,626 $559.9M Add +11.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 4.37% 4,972,582 $478.3M Add +18.4%
SBUX Starbucks Corp. 4.11% 4,616,281 $450.0M Reduce -15.3%
PYPL PayPal Holdings Inc. 3.59% 5,041,086 $393.4M Reduce -10.9%
HUM Humana Inc. 3.40% 1,173,535 $371.7M Add +6.5%
ULTA Ulta Beauty Inc. 3.29% 923,828 $359.5M New
SNOW Snowflake Inc. 2.70% 2,572,336 $295.5M Add +19399.2%
PINS Pinterest Inc. Class A 2.61% 8,812,117 $285.2M Add +51.5%
VSAT Viasat Inc. 0.93% 8,545,334 $102.0M Reduce -24.8%
COOK Traeger Inc. 0.83% 24,693,075 $90.9M No change
SAND Sandstorm Gold Ltd. 0.37% 6,747,638 $40.5M No change
AMZN Amazon.com Inc. 0.26% 154,613 $28.8M Add +0.4%
NVDA Nvidia Corp. 0.23% 209,655 $25.5M Add +1.3%
SA Seabridge Gold Inc. 0.13% 862,077 $14.5M Add +20.7%
LOGI Logitech International-Reg 0.08% 97,001 $8.7M No change
SU Suncor Energy Inc. 0.05% 145,716 $5.4M Reduce -20.9%
CVE Cenovus Energy Inc. 0.05% 313,137 $5.2M Add +94.7%
CNQ Canadian Natural Resources 0.04% 126,812 $4.2M Add +322.9%
SWX Southwest Gas Holdings Inc. 0.04% 55,870 $4.1M Reduce -50.3%
SR Spire Inc. 0.04% 59,946 $4.0M Reduce -60.4%
NSA National Storage Affiliates 0.04% 83,331 $4.0M Reduce -67.9%
PSA Public Storage 0.03% 10,174 $3.7M Reduce -55.3%
UGI Ugi Corp. 0.03% 138,542 $3.5M Reduce -25.2%
CMI Cummins Inc. 0.03% 10,238 $3.3M Reduce -73.0%
AGCO Agco Corp. 0.03% 32,954 $3.2M Reduce -44.7%
CTSH Cognizant Tech Solutions-A 0.03% 41,521 $3.2M No change
GIB Cgi Inc. 0.03% 27,765 $3.2M Reduce -4.3%
AYI Acuity Inc. 0.03% 11,404 $3.1M Reduce -46.9%
SPG Simon Property Group Inc. 0.03% 18,278 $3.1M Reduce -61.4%
BKH Black Hills Corp. 0.03% 50,214 $3.1M Reduce -57.9%
DOO BRP Inc./Ca- Sub Voting 0.03% 49,712 $3.0M Reduce -35.6%
CI The Cigna Group 0.03% 8,487 $2.9M Reduce -62.9%
OGE Oge Energy Corp. 0.03% 71,146 $2.9M Reduce -73.8%
EMN Eastman Chemical Co. 0.03% 25,989 $2.9M Reduce -52.6%
XEL Xcel Energy Inc. 0.03% 43,969 $2.9M Reduce -67.2%
EIX Edison International 0.03% 32,772 $2.9M Reduce -76.2%
BMY Bristol-Myers Squibb Co. 0.03% 54,945 $2.8M Reduce -61.0%
CRUS Cirrus Logic Inc. 0.03% 22,713 $2.8M Reduce -18.1%
NSP Insperity Inc. 0.03% 32,049 $2.8M Add +110.8%
NTR Nutrien Ltd. 0.03% 58,264 $2.8M Add +6.5%
VLO Valero Energy Corp. 0.03% 20,716 $2.8M Add +256.3%
D Dominion Energy Inc. 0.03% 47,546 $2.7M Reduce -64.4%
KMB Kimberly-Clark Corp. 0.02% 19,161 $2.7M Reduce -14.8%
LDOS Leidos Holdings Inc. 0.02% 16,140 $2.6M Reduce -44.1%
CAT Caterpillar Inc. 0.02% 6,649 $2.6M Reduce -59.8%
MAA Mid-America Apartment Comm 0.02% 16,307 $2.6M Reduce -49.4%
OHI Omega Healthcare Investors 0.02% 62,798 $2.6M Reduce -62.6%
NFG National Fuel Gas Co. 0.02% 41,939 $2.5M Reduce -63.1%
LAMR Lamar Advertising Co. Class A 0.02% 19,014 $2.5M Reduce -25.7%
DCI Donaldson Co. Inc. 0.02% 33,684 $2.5M Reduce -52.3%
INGR Ingredion Inc. 0.02% 17,814 $2.4M Reduce -64.4%
ELS Equity Lifestyle Properties 0.02% 33,984 $2.4M Add +439.5%
QCOM Qualcomm Inc. 0.02% 14,089 $2.4M Reduce -38.8%
TU Telus Corp. 0.02% 140,539 $2.4M Add +159.6%
COST Costco Wholesale Corp. 0.02% 2,657 $2.4M Reduce -46.4%
TGT Target Corp. 0.02% 15,074 $2.3M Reduce -52.2%
BCE Bce Inc. 0.02% 67,224 $2.3M Add +60.1%
ACM Aecom 0.02% 22,494 $2.3M Reduce -59.2%
ASH Ashland Inc. 0.02% 26,418 $2.3M Reduce -42.7%
ENB Enbridge Inc. 0.02% 56,165 $2.3M Add +37.1%
CNI Canadian Natl Railway Co. 0.02% 19,386 $2.3M Reduce -10.4%
NEU Newmarket Corp. 0.02% 4,023 $2.2M Reduce -63.5%
UHS Universal Health Services-B 0.02% 9,661 $2.2M Reduce -59.3%
MEDP Medpace Holdings Inc. 0.02% 6,605 $2.2M Reduce -55.8%
DTE DTE Energy Company 0.02% 17,015 $2.2M Reduce -62.3%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.02% 20,641 $2.2M Add +167.1%
REGN Regeneron Pharmaceuticals 0.02% 2,051 $2.2M No change
MAS Masco Corp. 0.02% 25,320 $2.1M Reduce -63.6%
MMS Maximus Inc. 0.02% 22,792 $2.1M New
WEC WEC Energy Group Inc. 0.02% 21,981 $2.1M Reduce -58.8%
UFPI Ufp Industries Inc. 0.02% 15,950 $2.1M Reduce -64.4%
MUSA Murphy USA Inc. 0.02% 4,236 $2.1M Reduce -32.0%
MGA Magna International Inc. 0.02% 50,152 $2.1M Add +36.3%
HCA HCA Healthcare Inc. 0.02% 5,026 $2.0M Reduce -65.7%
EME Emcor Group Inc. 0.02% 4,742 $2.0M Reduce -68.8%
MTD Mettler-Toledo International 0.02% 1,347 $2.0M Reduce -38.8%
GILD Gilead Sciences Inc. 0.02% 23,965 $2.0M Reduce -63.8%
MFC Manulife Financial Corp. 0.02% 67,928 $2.0M Add +2.7%
LOPE Grand Canyon Education Inc. 0.02% 14,089 $2.0M Reduce -51.2%
EXPO Exponent Inc. 0.02% 17,321 $2.0M Reduce -62.3%
RPM RPM International Inc. 0.02% 16,365 $2.0M Reduce -61.0%
CRI Carter's Inc. 0.02% 29,969 $1.9M Reduce -51.4%
IMO Imperial Oil Ltd. 0.02% 27,326 $1.9M Reduce -28.5%
RGLD Royal Gold Inc. 0.02% 13,569 $1.9M Reduce -42.2%
DVN Devon Energy Corp. 0.02% 48,533 $1.9M Reduce -55.2%
GEN Gen Digital Inc. 0.02% 68,465 $1.9M Reduce -36.5%
NUE Nucor Corp. 0.02% 12,474 $1.9M Reduce -50.2%
WING Wingstop Inc. 0.02% 4,490 $1.9M Reduce -40.3%
CUBE Cubesmart 0.02% 34,556 $1.9M Reduce -44.7%
CL Colgate-Palmolive Co. 0.02% 17,888 $1.9M Reduce -42.8%
URI United Rentals Inc. 0.02% 2,289 $1.9M Reduce -61.2%
RHI Robert Half Inc. 0.02% 27,438 $1.8M Reduce -71.3%
EHC Encompass Health Corp. 0.02% 19,077 $1.8M Reduce -65.6%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.02% 24,637 $1.8M Reduce -54.4%
MRO Marathon Oil Corp. 0.02% 68,864 $1.8M Add +70.0%
BCO The Brink's Co. 0.02% 15,787 $1.8M Reduce -62.2%
MPC Marathon Petroleum Corp. 0.02% 11,182 $1.8M Reduce -45.7%
CAH Cardinal Health Inc. 0.02% 16,298 $1.8M Reduce -58.3%
BKNG Booking Holdings Inc. 0.02% 426 $1.8M Reduce -44.9%
SAM Boston Beer Company Inc. Class A 0.02% 6,178 $1.8M Reduce -52.6%
FANG Diamondback Energy Inc. 0.02% 10,339 $1.8M Reduce -50.0%
WM Waste Management Inc. 0.02% 8,583 $1.8M Reduce -43.5%
WERN Werner Enterprises Inc. 0.02% 45,885 $1.8M Reduce -48.8%
HOLX Hologic Inc. 0.02% 21,637 $1.8M Reduce -62.0%
SOLV Solventum Corp. 0.02% 24,988 $1.7M New
MOS The Mosaic Co. 0.02% 64,419 $1.7M Reduce -52.4%
TGNA Tegna Inc. 0.02% 109,246 $1.7M Reduce -27.0%
COLM Columbia Sportswear Co. 0.02% 20,692 $1.7M Reduce -50.0%
TFII Tfi International Inc. 0.02% 12,458 $1.7M Reduce -14.3%
COP Conocophillips 0.02% 16,147 $1.7M Reduce -56.8%
QLYS Qualys Inc. 0.02% 13,136 $1.7M Reduce -53.1%
RS Reliance Inc. 0.02% 5,819 $1.7M Reduce -26.8%
CUZ Cousins Properties Inc. 0.02% 56,618 $1.7M Reduce -77.0%
LSTR Landstar System Inc. 0.02% 8,737 $1.7M Reduce -26.5%
TRI Thomson Reuters Corp. 0.01% 9,589 $1.6M Reduce -31.1%
MTDR Matador Resources Co. 0.01% 32,356 $1.6M Reduce -32.9%
ATR Aptargroup Inc. 0.01% 9,915 $1.6M Reduce -15.7%
ALV Autoliv Inc. 0.01% 16,997 $1.6M Reduce -63.0%
JNPR Juniper Networks Inc. 0.01% 40,403 $1.6M Reduce -66.2%
ODFL Old Dominion Freight Line 0.01% 7,927 $1.6M Add +280.6%
AM Antero Midstream Corp. 0.01% 103,391 $1.6M Add +35.4%
FAST Fastenal Co. 0.01% 21,786 $1.6M Reduce -56.5%
QRVO Qorvo Inc. 0.01% 14,839 $1.5M Reduce -32.2%
WSO Watsco Inc. 0.01% 3,077 $1.5M Reduce -41.4%
KGC Kinross Gold Corp. 0.01% 161,400 $1.5M Add +2.6%
NNN NNN REIT Inc. 0.01% 30,856 $1.5M Reduce -55.3%
UAA Under Armour Inc. Class A 0.01% 166,967 $1.5M New
ETSY Etsy Inc. 0.01% 26,385 $1.5M Add +18.2%
TWLO Twilio Inc. Class A 0.01% 22,316 $1.5M Reduce -33.8%
ORLY O'reilly Automotive Inc. 0.01% 1,263 $1.5M Reduce -50.0%
PPG PPG Industries Inc. 0.01% 10,936 $1.4M Reduce -12.2%
MTG Mgic Investment Corp. 0.01% 56,412 $1.4M Reduce -10.6%
DVA Davita Inc. 0.01% 8,744 $1.4M Reduce -37.0%
DECK Deckers Outdoor Corp. 0.01% 8,967 $1.4M Reduce -60.8%
DD Dupont DE Nemours Inc. 0.01% 15,989 $1.4M New
CSX CSX Corp. 0.01% 40,951 $1.4M Add +0.2%
MRK Merck & Co. Inc. 0.01% 12,440 $1.4M Reduce -38.1%
COKE Coca-Cola Consolidated Inc. 0.01% 1,073 $1.4M Reduce -36.0%
CMS CMS Energy Corp. 0.01% 19,442 $1.4M Reduce -30.6%
TRP TC Energy Corp. 0.01% 28,877 $1.4M New
MSA Msa Safety Inc. 0.01% 7,723 $1.4M Reduce -57.8%
OC Owens Corning 0.01% 7,744 $1.4M Reduce -61.5%
FHI Federated Hermes Inc. 0.01% 37,144 $1.4M Add +13.6%
MSM MSC Industrial Direct Co. Class A 0.01% 15,659 $1.3M Reduce -42.1%
NTAP Netapp Inc. 0.01% 10,898 $1.3M Reduce -40.0%
J Jacobs Solutions Inc. 0.01% 10,256 $1.3M New
TXRH Texas Roadhouse Inc. 0.01% 7,529 $1.3M Reduce -46.8%
OTEX Open Text Corp. 0.01% 39,885 $1.3M Add +105.8%
LULU Lululemon Athletica Inc. 0.01% 4,822 $1.3M Reduce -41.0%
TDC Teradata Corp. 0.01% 42,811 $1.3M Reduce -47.2%
ST Sensata Technologies Holdplc 0.01% 36,174 $1.3M Reduce -57.1%
FMC FMC Corp. 0.01% 19,668 $1.3M Add +22.2%
AVB Avalonbay Communities Inc. 0.01% 5,738 $1.3M New
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.01% 15,662 $1.3M Add +37.3%
DSGX The Descartes Systems Grp 0.01% 12,394 $1.3M No change
EVRG Evergy Inc. 0.01% 20,560 $1.3M Reduce -28.2%
CPT Camden Property Trust 0.01% 10,314 $1.3M Reduce -50.6%
CAE Cae Inc. 0.01% 67,770 $1.3M New
ECL Ecolab Inc. 0.01% 4,908 $1.3M Reduce -24.1%
WPC WP Carey Inc. 0.01% 19,572 $1.2M Reduce -50.4%
AME Ametek Inc. 0.01% 7,085 $1.2M Reduce -53.0%
HIG Hartford Insurance Group Inc. 0.01% 10,307 $1.2M Reduce -0.6%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.01% 22,236 $1.2M New
TTC Toro Co. 0.01% 13,966 $1.2M New
GIS General Mills Inc. 0.01% 16,336 $1.2M Reduce -58.5%
AFL Aflac Inc. 0.01% 10,660 $1.2M Add +18.5%
MAN Manpowergroup Inc. 0.01% 16,206 $1.2M Reduce -58.8%
ARW Arrow Electronics Inc. 0.01% 8,962 $1.2M Add +6.8%
EXPE Expedia Group Inc. 0.01% 7,996 $1.2M Reduce -55.0%
CBT Cabot Corp. 0.01% 10,539 $1.2M Reduce -80.9%
STLD Steel Dynamics Inc. 0.01% 9,145 $1.2M Reduce -51.7%
EFOR Everforth Inc. filed as ASGN INC 0.01% 12,270 $1.1M Reduce -58.3%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM 0.01% 18,601 $1.1M Add +55.8%
CDW CDW Corp. 0.01% 5,034 $1.1M Reduce -53.4%
KMI Kinder Morgan Inc. 0.01% 51,277 $1.1M Reduce -63.5%
WAB Wabtec Corp. 0.01% 6,225 $1.1M Reduce -28.5%
HD Home Depot Inc. 0.01% 2,780 $1.1M Reduce -56.8%
CHTR Charter Communications Inc. Class A 0.01% 3,459 $1.1M Reduce -2.4%
PFE Pfizer Inc. 0.01% 38,685 $1.1M Reduce -62.2%
BLK BlackRock Finance Inc. 0.01% 1,151 $1.1M No change
EOG EOG Resources Inc. 0.01% 8,820 $1.1M Reduce -42.5%
CTAS Cintas Corp. 0.01% 5,176 $1.1M Add +106.7%
AZTA Azenta Inc. 0.01% 21,975 $1.1M Reduce -56.7%
PG The Procter & Gamble Co. 0.01% 6,130 $1.1M Add +89.1%
EQH Equitable Holdings Inc. 0.01% 25,211 $1.1M Reduce -10.2%
BG Bunge Global SA 0.01% 10,895 $1.1M Reduce -73.5%
MRNA Moderna Inc. 0.01% 15,701 $1.0M Reduce -31.6%
SLGN Silgan Holdings Inc. 0.01% 19,860 $1.0M New
G Genpact Ltd. 0.01% 26,367 $1.0M Reduce -23.9%
KVUE Kenvue Inc. 0.01% 44,614 $1.0M Reduce -76.6%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.01% 10,211 $1.0M New
V Visa Inc. Class A 0.01% 3,690 $1.0M Reduce -13.1%
PII Polaris Inc. 0.01% 12,173 $1.0M Reduce -66.6%
EA Electronic Arts Inc. 0.01% 6,947 $996K Reduce -43.8%
DASH DoorDash Inc. Class A 0.01% 6,925 $988K Reduce -69.8%
MDT Medtronic PLC 0.01% 10,875 $979K Reduce -42.1%
ESS Essex Property Trust Inc. 0.01% 3,303 $976K Reduce -50.0%
WST West Pharmaceutical Services 0.01% 3,242 $973K Reduce -24.0%
WU Western Union Co. 0.01% 81,488 $972K Add +3.4%
FFIV F5 Inc. 0.01% 4,409 $971K Reduce -59.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.01% 934 $970K Reduce -21.4%
AMAT Applied Materials Inc. 0.01% 4,791 $968K Reduce -56.7%
CAG Conagra Brands Inc. 0.01% 29,739 $967K New
DBX Dropbox Inc. Class A 0.01% 37,869 $963K Reduce -32.5%
VZ Verizon Communications Inc. 0.01% 21,400 $961K Reduce -8.5%
RPRX Royalty Pharma PLC Class A 0.01% 33,349 $943K Reduce -21.4%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.01% 7,873 $936K New
EXEL Exelixis Inc. 0.01% 35,823 $930K Reduce -70.7%
SNAP Snap Inc. Class A 0.01% 86,794 $929K Add +80.8%
GDDY GoDaddy Inc. Class A 0.01% 5,920 $928K Reduce -52.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 12,671 $911K Add +18.4%
AMGN Amgen Inc. 0.01% 2,786 $898K Reduce -71.8%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.01% 13,969 $888K Reduce -52.0%
AN Autonation Inc. 0.01% 4,932 $882K Reduce -43.9%
CHRD Chord Energy Corp. 0.01% 6,753 $879K Reduce -75.2%
AMP Ameriprise Financial Inc. 0.01% 1,855 $871K No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.01% 5,012 $864K Reduce -68.1%
MTCH Match Group Inc. 0.01% 22,734 $860K Reduce -51.0%
DG Dollar General Corp. 0.01% 10,125 $856K New
YUM Yum! Brands Inc. 0.01% 6,097 $852K No change
DLB Dolby Laboratories Inc. Class A 0.01% 11,075 $848K Reduce -64.8%
SKX Skechers USA Inc. Class A 0.01% 12,564 $841K Reduce -14.7%
THC Tenet Healthcare Corp. 0.01% 4,975 $827K Reduce -68.8%
AER Aercap Holdings NV 0.01% 8,709 $825K Add +212.3%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.01% 4,593 $811K Add +20.4%
CVX Chevron Corp. 0.01% 5,471 $806K Add +20.2%
HPQ HP Inc. 0.01% 22,454 $805K New
PATH Uipath Inc. Class A 0.01% 62,650 $802K New
T AT&T Inc. 0.01% 36,409 $801K Add +71.2%
SEIC Sei Investments Company 0.01% 11,561 $800K No change
XOM Exxon Mobil Corp. 0.01% 6,787 $796K Reduce -82.4%
CNM Core & Main Inc. Class A 0.01% 17,870 $793K Reduce -67.0%
JAZZ Jazz Pharmaceuticals PLC 0.01% 7,098 $791K Reduce -22.7%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.01% 9,115 $782K Reduce -59.7%
GLPI Gaming and Leisure Propertie 0.01% 15,132 $779K Reduce -83.0%
HLT Hilton Worldwide Holdings Inc. 0.01% 3,365 $776K Reduce -50.0%
VEEV Veeva Systems Inc. Class A 0.01% 3,692 $775K Reduce -80.4%
BLDR Builders Firstsource Inc. 0.01% 3,985 $773K New
CDP Copt Defense Properties 0.01% 25,410 $771K Reduce -77.5%
MUR Murphy Oil Corp. 0.01% 22,692 $766K Reduce -38.6%
SWKS Skyworks Solutions Inc. 0.01% 7,730 $763K Reduce -60.5%
CMG Chipotle Mexican Grill Inc. 0.01% 13,143 $757K Reduce -71.6%
DGX Quest Diagnostics Inc. 0.01% 4,862 $755K Reduce -53.3%
IDXX Idexx Laboratories Inc. 0.01% 1,482 $749K New
CFG Citizens Financial Group 0.01% 18,205 $748K Add +16.4%
ROL Rollins Inc. 0.01% 14,677 $742K Add +4.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.01% 6,789 $740K Add +52.3%
DKS Dick's Sporting Goods Inc. 0.01% 3,533 $737K Reduce -82.1%
MANH Manhattan Associates Inc. 0.01% 2,587 $728K Reduce -38.4%
RCI Rogers Communications Inc. Class B 0.01% 17,816 $716K New
AIZ Assurant Inc. 0.01% 3,580 $712K Reduce -6.1%
WCC Wesco International Inc. 0.01% 4,226 $710K Add +27.0%
LEA Lear Corp. 0.01% 6,482 $708K Reduce -56.9%
STT State Street Corp. 0.01% 7,967 $705K No change
KEX Kirby Corp. 0.01% 5,732 $702K Reduce -78.9%
PR Permian Resources Corp. Class A 0.01% 51,080 $695K New
TXT Textron Inc. 0.01% 7,679 $680K Reduce -70.9%
NSC Norfolk Southern Corp. 0.01% 2,714 $674K Reduce -60.1%
FND Floor & Decor Holdings Inc. Class A 0.01% 5,389 $669K Reduce -63.8%
POOL Pool Corp. 0.01% 1,766 $665K Reduce -54.7%
UTHR United Therapeutics Corp. 0.01% 1,855 $665K Reduce -31.1%
LPX Louisiana-Pacific Corp. 0.01% 6,172 $663K New
JBL Jabil Inc. 0.01% 5,497 $659K Reduce -49.9%
SLF Sun Life Financial Inc. 0.01% 11,286 $655K No change
CHE Chemed Corp. 0.01% 1,087 $653K Reduce -75.4%
AKAM Akamai Technologies Inc. 0.01% 6,326 $639K Reduce -41.9%
LVS Las Vegas Sands Corp. 0.01% 12,641 $636K Reduce -16.1%
CRBG Corebridge Financial Inc. 0.01% 21,739 $634K Add +28.5%
TRGP Targa Resources Corp. 0.01% 4,221 $625K Reduce -25.1%
PFGC Performance Food Group Co. 0.01% 7,895 $619K Reduce -74.3%
WTS Watts Water Technologies-A 0.01% 2,942 $610K Reduce -63.8%
MPWR Monolithic Power Systems Inc. 0.01% 658 $608K Add +0.5%
HST Host Hotels & Resorts Inc. 0.01% 34,357 $605K Reduce -60.0%
CAR Avis Budget Group Inc. 0.01% 6,888 $603K Reduce -44.8%
SBRA Sabra Health Care REIT Inc. 0.01% 32,273 $601K Reduce -79.8%
GRMN Garmin Ltd. 0.01% 3,393 $597K Reduce -71.3%
IEX Idex Corp. 0.01% 2,765 $593K Add +92.2%
CYTK Cytokinetics Inc. 0.01% 11,212 $592K New
DOW Dow Inc. 0.01% 10,668 $583K Reduce -78.6%
NARI Inari Medical Inc. 0.01% 14,047 $579K Reduce -75.7%
UPS United Parcel Service Class B 0.01% 4,235 $577K Reduce -81.1%
NXPI NXP Semiconductors NV 0.01% 2,389 $573K Add +31.8%
SNX TD Synnex Corp. 0.01% 4,771 $573K Reduce -77.6%
FIX Comfort Systems USA Inc. 0.01% 1,449 $566K Reduce -62.2%
OZK Bank Ozk 0.01% 13,108 $564K Reduce -17.6%
SBAC SBA Communications Corp. 0.01% 2,338 $563K Reduce -94.6%
MZTI The Marzetti Company filed as LANCASTER COLONY CORP 0.01% 3,182 $562K Reduce -79.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 4,731 $556K Reduce -59.1%
SNA Snap-on Inc. 0.01% 1,904 $552K Reduce -38.4%
CSCO Cisco Systems Inc. 0.01% 10,340 $550K Reduce -81.5%
IP International Paper Co. 0.01% 11,245 $549K Reduce -77.8%
RBLX Roblox Corp. Class A 0.01% 12,346 $546K Reduce -5.4%
ERIE Erie Indemnity Company Class A 0.01% 1,011 $546K Reduce -54.4%
WSM Williams-Sonoma Inc. 0.00% 3,473 $538K Reduce -59.9%
PAG Penske Automotive Group Inc. 0.00% 3,288 $534K Reduce -63.1%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.00% 10,626 $534K Reduce -48.4%
TT Trane Technologies PLC 0.00% 1,370 $533K Reduce -39.6%
PKG Packaging Corp. of America 0.00% 2,384 $514K Reduce -76.4%
FFIN First Finl Bankshares Inc. 0.00% 13,873 $513K Reduce -17.3%
CBSH Commerce Bancshares Inc. 0.00% 8,534 $507K New
MET Metlife Inc. 0.00% 6,134 $506K No change
VLY Valley National Bancorp 0.00% 54,131 $490K Reduce -5.3%
PSX Phillips 66 0.00% 3,719 $489K New
JPM JPMorgan Chase & Co. 0.00% 2,314 $488K No change
FOXF Fox Factory Holding Corp. 0.00% 11,607 $482K Reduce -61.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 12,081 $479K New
UBSI United Bankshares Inc. 0.00% 12,911 $479K Reduce -16.7%
RMBS Rambus Inc. 0.00% 11,336 $479K Reduce -34.9%
ADM Archer-Daniels-Midland Co. 0.00% 7,995 $478K Reduce -86.2%
ORCL Oracle Corp. 0.00% 2,791 $476K Reduce -66.8%
IPGP Ipg Photonics Corp. 0.00% 6,322 $470K Reduce -50.0%
SMG Scotts Miracle-Gro Co. 0.00% 5,290 $459K Reduce -88.0%
CROX Crocs Inc. 0.00% 3,119 $452K Reduce -37.9%
FHN First Horizon Corp. 0.00% 28,917 $449K New
NOC Northrop Grumman Corp. 0.00% 845 $446K Reduce -67.3%
ABNB Airbnb Inc. Class A 0.00% 3,513 $445K Reduce -60.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.00% 2,005 $443K Reduce -67.9%
OMC Omnicom Group 0.00% 4,215 $436K Reduce -31.5%
A Agilent Technologies Inc. 0.00% 2,927 $435K Reduce -81.4%
GGG Graco Inc. 0.00% 4,895 $428K Reduce -77.1%
AMG Affiliated Managers Group 0.00% 2,398 $426K No change
NVST Envista Holdings Corp. 0.00% 20,976 $414K Reduce -27.3%
LRCX Lam Research Corp. 0.00% 505 $412K Reduce -69.7%
PAYX Paychex Inc. 0.00% 3,052 $410K Reduce -87.3%
DRI Darden Restaurants Inc. 0.00% 2,493 $409K New
TRV The Travelers Cos Inc. 0.00% 1,729 $405K New
MDU Mdu Resources Group Inc. 0.00% 14,707 $403K Reduce -61.1%
EWBC East West Bancorp Inc. 0.00% 4,870 $403K Add +28.1%
VRSK Verisk Analytics Inc. 0.00% 1,497 $401K New
RGA Reinsurance Group of America 0.00% 1,813 $395K Reduce -25.0%
CABO Cable One Inc. 0.00% 1,127 $394K Add +136.3%
NTRS Northern Trust Corp. 0.00% 4,336 $390K New
WMT Walmart Inc. 0.00% 4,816 $389K Reduce -83.4%
CLX Clorox Company 0.00% 2,377 $387K Reduce -67.1%
CMC Commercial Metals Co. 0.00% 6,928 $381K Reduce -83.6%
CASY Casey's General Stores Inc. 0.00% 992 $373K Reduce -12.0%
CNC Centene Corp. 0.00% 4,928 $371K Reduce -88.0%
POST Post Holdings Inc. filed as POST HLDGS INC 0.00% 3,189 $369K New
KR Kroger Co. 0.00% 6,427 $368K Reduce -87.1%
AVNT Avient Corp. 0.00% 7,204 $363K New
FTV Fortive Corp. 0.00% 4,580 $361K Reduce -69.0%
BBY Best Buy Co. Inc. 0.00% 3,461 $358K New
USFD US Foods Holding Corp. 0.00% 5,697 $350K New
RY Royal Bank of Canada 0.00% 2,772 $346K New
CCK Crown Holdings Inc. 0.00% 3,452 $331K Reduce -1.6%
EPR Epr Properties filed as EPR PPTYS 0.00% 6,691 $328K Reduce -90.1%
UBER Uber Technologies Inc. 0.00% 4,346 $327K New
ARWR Arrowhead Pharmaceuticals Inc. 0.00% 16,690 $323K Reduce -55.6%
AIG American International Group 0.00% 4,345 $318K Reduce -39.4%
PRU Prudential Financial Inc. 0.00% 2,579 $312K No change
CCL Carnival Corp. 0.00% 16,809 $311K Reduce -57.5%
LII Lennox International Inc. 0.00% 501 $303K Reduce -28.4%
WBS Webster Financial Corp. 0.00% 6,455 $301K No change
AMTM Amentum Holdings Inc. 0.00% 9,254 $298K New
AAON Aaon Inc. 0.00% 2,657 $287K Reduce -66.4%
CME Cme Group Inc. 0.00% 1,292 $285K Reduce -47.3%
DUOL Duolingo 0.00% 1,005 $283K New
NKE Nike Inc. Class B 0.00% 3,119 $276K Reduce -50.0%
ACN Accenture PLC Class A 0.00% 780 $276K Reduce -56.0%
CVS CVS Health Corp. 0.00% 4,351 $274K Reduce -50.0%
VST Vistra Corp. 0.00% 2,294 $272K Reduce -97.0%
ABT Abbott Laboratories 0.00% 2,380 $271K New
KEYS Keysight Technologies Inc. 0.00% 1,694 $269K Reduce -88.3%
CLF Cleveland-Cliffs Inc. 0.00% 21,022 $268K Reduce -67.2%
TER Teradyne Inc. 0.00% 1,986 $266K Reduce -29.2%
SWK Stanley Black & Decker Inc. 0.00% 2,400 $264K New
RSG Republic Services Inc. 0.00% 1,312 $264K Reduce -50.0%
FTNT Fortinet Inc. 0.00% 3,329 $258K Reduce -83.7%
ADC Agree Realty Corp. 0.00% 3,388 $255K New
AOS Smith (a.o.) Corp. 0.00% 2,825 $254K Reduce -94.4%
FERG Ferguson Enterprises Inc. 0.00% 1,249 $248K New
PTC PTC Inc. 0.00% 1,346 $243K Reduce -17.0%
HPE Hewlett Packard Enterprise 0.00% 11,799 $241K Reduce -85.9%
MCHP Microchip Technology Inc. 0.00% 2,944 $236K Reduce -77.6%
CNO Cno Financial Group Inc. 0.00% 6,469 $227K New
FE Firstenergy Corp. 0.00% 5,042 $224K New
TSCO Tractor Supply Company 0.00% 746 $217K Reduce -84.0%
SYF Synchrony Financial 0.00% 4,257 $212K Reduce -20.1%
WPM Wheaton Precious Metals Corp. 0.00% 3,476 $212K New
SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC 0.00% 3,880 $212K Reduce -38.8%
FNB FNB Corp. 0.00% 14,792 $209K No change
AVT Avnet Inc. 0.00% 3,841 $209K New
AZO AutoZone Inc. 0.00% 66 $208K New
CVLT Commvault Systems Inc. 0.00% 1,350 $208K Reduce -89.0%
ADI Analog Devices Inc. 0.00% 901 $207K Reduce -70.9%
DKNG Draftkings Inc. Class A 0.00% 5,244 $206K Reduce -81.3%
PGNY Progyny Inc. 0.00% 11,122 $186K Reduce -10.7%

Options reported separately and not counted above: LQD puts ($677.9M).

Other holdings (24): bonds, preferreds, convertibles and warrants · $166.4M (not counted above)
SecurityClassShares / PrincipalValueChange
PALO ALTO NETWORKS (PANW 0.375 06/01/25) NOTE 0.375% 6/0 · principal 10,360,000$35.0MNo change
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 16,000,000$18.2MNo change
BILIBILI INC (BILI 0.5 12/01/26) NOTE 0.500%12/0 · principal 14,500,000$14.4MNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 12,500,000$12.5MNew
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 11,500,000$12.3MNo change
DEXCOM INC (DXCM 0.25 11/15/25) NOTE 0.250%11/1 · principal 12,500,000$11.9MNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 11,500,000$11.2MNo change
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 10,000,000$9.1MNo change
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 7,000,000$6.5MNo change
SNAP INC (SNAP 0 05/01/27) NOTE 5/0 · principal 6,000,000$5.1MNo change
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 4,500,000$3.9MNo change
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 4,000,000$3.6MNo change
NIO INC (NIO 0.5 02/01/27) NOTE 0.500% 2/0 · principal 3,500,000$3.4MNo change
SNAP INC (SNAP 0.125 03/01/28) NOTE 0.125% 3/0 · principal 4,000,000$3.2MNo change
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal 3,000,000$2.8MNo change
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 2,500,000$2.2MNo change
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal 2,000,000$1.9MNo change
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 2,000,000$1.9MNo change
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal 2,000,000$1.8MNo change
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) CONVERTIBLE BOND · principal 1,500,000$1.4MNo change
TRIPADVISOR INC (TRIP 0.25 04/01/26) NOTE 0.250% 4/0 · principal 1,237,000$1.2MNo change
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal 1,250,000$1.0MNo change
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) NOTE 11/0 · principal 1,000,000$938KNo change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 1,000,000$884KNo change

Total filed on the 13F, all lines: $11.1B.

Portfolio Sells Q2 2024 → Q3 2024
MS Morgan Stanley Sold out 0.00% −1.73
VSAT Viasat Inc. Reduce -24.8% 0.93% −0.50
SBUX Starbucks Corp. Reduce -15.3% 4.11% −0.11
SBAC SBA Communications Corp. Reduce -94.6% 0.01% −0.08
CMI Cummins Inc. Reduce -73.0% 0.03% −0.07
EIX Edison International Reduce -76.2% 0.03% −0.07
PK Park Hotels & Resorts Inc. Sold out 0.00% −0.07
OGE Oge Energy Corp. Reduce -73.8% 0.03% −0.07
NSA National Storage Affiliates Reduce -67.9% 0.04% −0.07
VST Vistra Corp. Reduce -97.0% 0.00% −0.06
SR Spire Inc. Reduce -60.4% 0.04% −0.05
CI The Cigna Group Reduce -62.9% 0.03% −0.05
XEL Xcel Energy Inc. Reduce -67.2% 0.03% −0.05
RHI Robert Half Inc. Reduce -71.3% 0.02% −0.04
SPG Simon Property Group Inc. Reduce -61.4% 0.03% −0.04
NBIX Neurocrine Biosciences Inc. Sold out 0.00% −0.04
CUZ Cousins Properties Inc. Reduce -77.0% 0.02% −0.04
OGS One Gas Inc. Sold out 0.00% −0.04
MEDP Medpace Holdings Inc. Reduce -55.8% 0.02% −0.04
SWX Southwest Gas Holdings Inc. Reduce -50.3% 0.04% −0.04
D Dominion Energy Inc. Reduce -64.4% 0.03% −0.04
CBT Cabot Corp. Reduce -80.9% 0.01% −0.04
AOS Smith (a.o.) Corp. Reduce -94.4% 0.00% −0.04
NFG National Fuel Gas Co. Reduce -63.1% 0.02% −0.04
CHRD Chord Energy Corp. Reduce -75.2% 0.01% −0.04
XOM Exxon Mobil Corp. Reduce -82.4% 0.01% −0.04
BKH Black Hills Corp. Reduce -57.9% 0.03% −0.04
EME Emcor Group Inc. Reduce -68.8% 0.02% −0.04
NEU Newmarket Corp. Reduce -63.5% 0.02% −0.04
SRE Sempra Sold out 0.00% −0.04
DKS Dick's Sporting Goods Inc. Reduce -82.1% 0.01% −0.04
INGR Ingredion Inc. Reduce -64.4% 0.02% −0.03
ALV Autoliv Inc. Reduce -63.0% 0.01% −0.03
BG Bunge Global SA Reduce -73.5% 0.01% −0.03
OHI Omega Healthcare Investors Reduce -62.6% 0.02% −0.03
DVN Devon Energy Corp. Reduce -55.2% 0.02% −0.03
KNF Knife River Corp. Sold out 0.00% −0.03
GLPI Gaming and Leisure Propertie Reduce -83.0% 0.01% −0.03
BMY Bristol-Myers Squibb Co. Reduce -61.0% 0.03% −0.03
PSA Public Storage Reduce -55.3% 0.03% −0.03
CAT Caterpillar Inc. Reduce -59.8% 0.02% −0.03
UFPI Ufp Industries Inc. Reduce -64.4% 0.02% −0.03
ADM Archer-Daniels-Midland Co. Reduce -86.2% 0.00% −0.03
EHC Encompass Health Corp. Reduce -65.6% 0.02% −0.03
DTE DTE Energy Company Reduce -62.3% 0.02% −0.03
JNPR Juniper Networks Inc. Reduce -66.2% 0.01% −0.03
AGCO Agco Corp. Reduce -44.7% 0.03% −0.03
HCA HCA Healthcare Inc. Reduce -65.7% 0.02% −0.03
DCI Donaldson Co. Inc. Reduce -52.3% 0.02% −0.03
CIEN Ciena Corp. Sold out 0.00% −0.03

Portfolio Buys Q2 2024 → Q3 2024
ULTA Ulta Beauty Inc. New 3.29% +3.29
SNOW Snowflake Inc. Add +19399.2% 2.70% +2.68
LOW Lowe's Cos Inc. Add +1.6% 5.80% +0.74
DE Deere & Co. Add +11.6% 5.12% +0.65
CRM Salesforce Inc. Add +12.0% 5.15% +0.45
DIS The Walt Disney Co. Add +18.4% 4.37% +0.22
BDX Becton Dickinson and Co. Add +9.8% 5.51% +0.22
CMCSA Comcast Corp. Class A Add +5.4% 6.10% +0.19
PINS Pinterest Inc. Class A Add +51.5% 2.61% +0.06
SA Seabridge Gold Inc. Add +20.7% 0.13% +0.04
CNQ Canadian Natural Resources Add +322.9% 0.04% +0.03
MMS Maximus Inc. New 0.02% +0.02
ELS Equity Lifestyle Properties Add +439.5% 0.02% +0.02
VLO Valero Energy Corp. Add +256.3% 0.03% +0.02
CVE Cenovus Energy Inc. Add +94.7% 0.05% +0.02
SOLV Solventum Corp. New 0.02% +0.02
UAA Under Armour Inc. Class A New 0.01% +0.01
TU Telus Corp. Add +159.6% 0.02% +0.01
DD Dupont DE Nemours Inc. New 0.01% +0.01
IFF Intl Flavors & Fragrances Add +167.1% 0.02% +0.01
TRP TC Energy Corp. New 0.01% +0.01
J Jacobs Solutions Inc. New 0.01% +0.01
NSP Insperity Inc. Add +110.8% 0.03% +0.01
AVB Avalonbay Communities Inc. New 0.01% +0.01
CAE Cae Inc. New 0.01% +0.01
BNS Bank of Nova Scotia New 0.01% +0.01
TTC Toro Co. New 0.01% +0.01
ODFL Old Dominion Freight Line Add +280.6% 0.01% +0.01
SLGN Silgan Holdings Inc. New 0.01% +0.01
EL Estee Lauder Companies Class A New 0.01% +0.01
CAG Conagra Brands Inc. New 0.01% +0.01
IRM Iron Mountain Inc. New 0.01% +0.01
BCE Bce Inc. Add +60.1% 0.02% +0.01
DG Dollar General Corp. New 0.01% +0.01
HPQ HP Inc. New 0.01% +0.01
PATH Uipath Inc. Class A New 0.01% +0.01
BLDR Builders Firstsource Inc. New 0.01% +0.01
IDXX Idexx Laboratories Inc. New 0.01% +0.01
RCI Rogers Communications Inc. Class B New 0.01% +0.01
PR Permian Resources Corp. Class A New 0.01% +0.01
ENB Enbridge Inc. Add +37.1% 0.02% +0.01
OTEX Open Text Corp. Add +105.8% 0.01% +0.01
LPX Louisiana-Pacific Corp. New 0.01% +0.01
CTAS Cintas Corp. Add +106.7% 0.01% +0.01
CYTK Cytokinetics Inc. New 0.01% +0.01
MRO Marathon Oil Corp. Add +70.0% 0.02% +0.01
AER Aercap Holdings NV Add +212.3% 0.01% +0.01
CM Can Imperial BK of Commerce Add +55.8% 0.01% +0.00
CBSH Commerce Bancshares Inc. New 0.00% +0.00
PSX Phillips 66 New 0.00% +0.00

Options Activity Q2 2024 → Q3 2024
XRT SS SPDR S&P Retail ETF put Sold out 388,900 $29.2Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2024 → Q3 2024
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal New 12,500,000 $12.5M
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal Sold out 5,000,000 $4.9Mbefore exit
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal Sold out 3,500,000 $3.2Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 44$15.7BSPCX, GFL, HYG, LQD, ENB
Q1 2026 145$3.3BGFL, HYG, CRM, COF, PNC
Q4 2025 142$4.3BGFL, HYG, COF, WMT, CRM
Q3 2025Amended 151$4.1BGFL, HYG, COF, WMT, CRM
Q2 2025Amended 287$4.7BGFL, HYG, MSFT, BAC, CRM
Q1 2025Amended 394$6.3BGFL, MSFT, WMT, T, BAC
Q4 2024Amended 401$7.2BGFL, MSFT, CB, BAC, BDX
Q3 2024Amended 396$10.9BGFL, MSFT, CB, CMCSA, HON
Q2 2024Amended 423$10.1BGFL, MSFT, CB, HON, CMCSA
Q1 2024Amended 449$10.7BGFL, MSFT, GOOGL, CB, MS