Ontario Teachers Pension Plan Board
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 13, 2026), Ontario Teachers Pension Plan Board reported 151 stock positions worth $4.1 billion. Its top holding was GFL Environmental Inc.-Sub VT (GFL) at 27.7% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 10.0%) and Capital One Financial (COF, 4.5%). Compared with Q2 2025, it opened 36 new positions, sold out of 172, added to 50 and reduced 60. The biggest buy was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares +38%) and the biggest sale an exit from Toronto-Dominion Bank (TD).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0000937567
- Portfolio Value
- $4.1B (Q3 2025)
- SEC Filing
- 0001999371-26-003351 ↗ filed Feb 13, 2026
Holdings Value
Holdings 151 stocks · $4.1B
| GFL GFL Environmental Inc.-Sub VT | 27.73% | 24,297,510 | $1.2B | Reduce -8.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 9.98% | 5,100,000 | $414.1M | Add +37.8% |
| COF Capital One Financial Corp. | 4.53% | 885,160 | $188.2M | Add +8.2% |
| WMT Walmart Inc. | 4.21% | 1,694,499 | $174.6M | Reduce -5.6% |
| CRM Salesforce Inc. | 4.09% | 716,041 | $169.7M | Add +5.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.83% | 3,082,510 | $159.0M | Reduce -24.9% |
| PONY Pony AI Inc. | 3.52% | 6,492,530 | $146.0M | No change |
| CMI Cummins Inc. | 3.27% | 321,740 | $135.9M | Reduce -26.2% |
| HON Honeywell International Inc. | 3.26% | 642,389 | $135.2M | Add +7.0% |
| ROK Rockwell Automation Inc. | 2.92% | 346,430 | $121.1M | Reduce -2.4% |
| MSFT Microsoft Corp. | 2.83% | 226,601 | $117.4M | Reduce -42.6% |
| TEAM Atlassian Corp. Class A | 2.57% | 666,629 | $106.5M | New |
| GE General Electric filed as GE AEROSPACE | 2.56% | 353,284 | $106.3M | Reduce -18.8% |
| T AT&T Inc. | 2.53% | 3,712,381 | $104.8M | Reduce -9.4% |
| NVDA Nvidia Corp. | 2.18% | 484,998 | $90.5M | New |
| ROST Ross Stores Inc. | 1.81% | 493,244 | $75.2M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.68% | 608,026 | $69.6M | Reduce -4.6% |
| AZN Astrazeneca PLC-Spons ADR | 1.51% | 817,880 | $62.7M | Reduce -41.0% |
| ABBV Abbvie Inc. | 1.32% | 235,747 | $54.6M | New |
| BLK BlackRock Inc. | 1.19% | 42,234 | $49.2M | Add +6347.9% |
| PINS Pinterest Inc. Class A | 1.16% | 1,494,452 | $48.1M | Reduce -8.9% |
| SA Seabridge Gold Inc. | 0.87% | 1,490,415 | $35.9M | No change |
| LLY Eli Lilly & Co. | 0.83% | 45,304 | $34.6M | Reduce -40.3% |
| COOK Traeger Inc. | 0.73% | 24,693,075 | $30.1M | No change |
| BURL Burlington Stores Inc. | 0.71% | 116,177 | $29.6M | New |
| BSX Boston Scientific Corp. | 0.48% | 204,804 | $20.0M | New |
| TMO Thermo Fisher Scientific Inc. | 0.28% | 23,668 | $11.5M | New |
| LAMR Lamar Advertising Co. Class A | 0.21% | 72,820 | $8.9M | Reduce -5.0% |
| HST Host Hotels & Resorts Inc. | 0.21% | 511,011 | $8.7M | Add +5.1% |
| WPC WP Carey Inc. | 0.20% | 122,544 | $8.3M | Add +23.4% |
| SWX Southwest Gas Holdings Inc. | 0.20% | 105,102 | $8.2M | Reduce -1.8% |
| CPT Camden Property Trust | 0.17% | 66,574 | $7.1M | Add +37.6% |
| DTE DTE Energy Company | 0.17% | 50,057 | $7.1M | Add +11.1% |
| UGI Ugi Corp. | 0.15% | 190,596 | $6.3M | Reduce -13.7% |
| PK Park Hotels & Resorts Inc. | 0.15% | 556,013 | $6.2M | Add +129.6% |
| NSA National Storage Affiliates | 0.15% | 200,695 | $6.1M | Add +35.5% |
| MAA Mid-America Apartment Comm | 0.14% | 42,701 | $6.0M | Add +47.6% |
| EVRG Evergy Inc. | 0.14% | 76,358 | $5.8M | Add +22.9% |
| SAM Boston Beer Company Inc. Class A | 0.13% | 26,141 | $5.5M | Reduce -13.1% |
| DOC Healthpeak Properties Inc. | 0.13% | 276,439 | $5.3M | Add +25.6% |
| INGR Ingredion Inc. | 0.13% | 42,690 | $5.2M | Reduce -6.7% |
| COST Costco Wholesale Corp. | 0.13% | 5,603 | $5.2M | Add +27.3% |
| POR Portland General Electric Co. | 0.12% | 114,973 | $5.1M | New |
| GIS General Mills Inc. | 0.12% | 97,932 | $4.9M | Add +88.3% |
| OHI Omega Healthcare Investors | 0.12% | 115,190 | $4.9M | Reduce -8.1% |
| DHR Danaher Corp. | 0.11% | 23,894 | $4.7M | New |
| TXRH Texas Roadhouse Inc. | 0.11% | 28,334 | $4.7M | Add +44.1% |
| CDP Copt Defense Properties | 0.11% | 159,401 | $4.6M | Reduce -29.1% |
| BKH Black Hills Corp. | 0.11% | 71,611 | $4.4M | Reduce -23.9% |
| NFG National Fuel Gas Co. | 0.11% | 47,453 | $4.4M | Add +30.0% |
| KHC The Kraft Heinz Co. | 0.10% | 161,397 | $4.2M | Add +513.6% |
| LOPE Grand Canyon Education Inc. | 0.10% | 18,720 | $4.1M | Add +30.7% |
| BKNG Booking Holdings Inc. | 0.10% | 743 | $4.0M | Add +7.2% |
| FE Firstenergy Corp. | 0.10% | 86,689 | $4.0M | Reduce -19.9% |
| DPZ Domino's Pizza Inc. | 0.09% | 8,941 | $3.9M | Add +138.3% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.09% | 109,606 | $3.6M | Reduce -16.6% |
| ADM Archer-Daniels-Midland Co. | 0.09% | 60,510 | $3.6M | New |
| AVTR Avantor Inc. | 0.09% | 289,022 | $3.6M | New |
| SPG Simon Property Group Inc. | 0.09% | 19,171 | $3.6M | New |
| BC Brunswick Corp. | 0.08% | 52,694 | $3.3M | Reduce -26.0% |
| EA Electronic Arts Inc. | 0.08% | 16,011 | $3.2M | Reduce -46.7% |
| GLPI Gaming and Leisure Propertie | 0.08% | 69,190 | $3.2M | New |
| MUSA Murphy USA Inc. | 0.08% | 8,238 | $3.2M | Reduce -7.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.08% | 97,918 | $3.2M | Add +69.5% |
| CL Colgate-Palmolive Co. | 0.07% | 37,502 | $3.0M | Reduce -25.4% |
| CMG Chipotle Mexican Grill Inc. | 0.07% | 76,393 | $3.0M | Add +37.6% |
| PII Polaris Inc. | 0.07% | 51,224 | $3.0M | Add +23.0% |
| NXST Nexstar Media Group Inc. | 0.07% | 14,850 | $2.9M | Reduce -31.3% |
| USFD US Foods Holding Corp. | 0.06% | 35,137 | $2.7M | Reduce -51.7% |
| APTV Aptiv PLC | 0.06% | 30,636 | $2.6M | Add +106.7% |
| AEP American Electric Power | 0.06% | 23,362 | $2.6M | Reduce -30.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.06% | 27,990 | $2.6M | Add +45.7% |
| LOW Lowe's Cos Inc. | 0.06% | 10,167 | $2.6M | Add +197.9% |
| ORA Ormat Technologies Inc. | 0.06% | 26,163 | $2.5M | New |
| GNTX Gentex Corp. | 0.06% | 84,895 | $2.4M | Add +41.9% |
| CUZ Cousins Properties Inc. | 0.06% | 79,726 | $2.3M | Reduce -18.7% |
| CCI Crown Castle Inc. | 0.05% | 23,173 | $2.2M | Add +14.7% |
| OGS One Gas Inc. | 0.05% | 27,584 | $2.2M | New |
| PSA Public Storage | 0.05% | 7,726 | $2.2M | Reduce -63.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.05% | 8,433 | $2.2M | Add +116.8% |
| GHC Graham Holdings Co. Class B | 0.05% | 1,853 | $2.2M | Reduce -24.6% |
| WEC WEC Energy Group Inc. | 0.05% | 18,923 | $2.2M | Reduce -65.6% |
| FOXA Fox Corp. Class A | 0.05% | 34,231 | $2.2M | Add +395.8% |
| CHWY Chewy Inc. Class A | 0.05% | 47,422 | $1.9M | Reduce -20.6% |
| SCI Service Corp. International | 0.05% | 22,772 | $1.9M | Add +10.4% |
| SO The Southern Co. | 0.05% | 19,937 | $1.9M | Add +61.9% |
| PBA Pembina Pipeline Corp. | 0.05% | 46,676 | $1.9M | Add +5.8% |
| EXPE Expedia Group Inc. | 0.05% | 8,751 | $1.9M | Reduce -41.7% |
| AMH American Homes 4 Rent- A | 0.04% | 56,019 | $1.9M | Add +78.7% |
| DG Dollar General Corp. | 0.04% | 17,930 | $1.9M | Add +303.0% |
| SR Spire Inc. | 0.04% | 22,047 | $1.8M | Reduce -78.1% |
| DRI Darden Restaurants Inc. | 0.04% | 8,962 | $1.7M | Add +88.0% |
| EGP Eastgroup Properties Inc. | 0.04% | 10,059 | $1.7M | New |
| FIVE Five Below | 0.04% | 10,921 | $1.7M | Add +44.7% |
| CASY Casey's General Stores Inc. | 0.04% | 2,968 | $1.7M | New |
| TSCO Tractor Supply Company | 0.04% | 27,972 | $1.6M | New |
| AZO AutoZone Inc. | 0.04% | 370 | $1.6M | Add +22.9% |
| NYT New York Times Co. Class A | 0.04% | 27,417 | $1.6M | Reduce -26.7% |
| EIX Edison International | 0.04% | 28,098 | $1.6M | New |
| OMC Omnicom Group | 0.04% | 18,693 | $1.5M | Add +427.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.03% | 10,014 | $1.4M | Add +195.9% |
| RIVN Rivian Automotive Inc. Class A | 0.03% | 96,575 | $1.4M | Reduce -0.5% |
| PFGC Performance Food Group Co. | 0.03% | 13,183 | $1.4M | New |
| AES AES Corp. | 0.03% | 103,860 | $1.4M | Reduce -36.3% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.03% | 10,374 | $1.3M | New |
| BBY Best Buy Co. Inc. | 0.03% | 16,790 | $1.3M | Reduce -13.5% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.03% | 9,618 | $1.3M | Add +47.9% |
| VZ Verizon Communications Inc. | 0.03% | 28,404 | $1.2M | Reduce -10.0% |
| O Realty Income Corp. | 0.03% | 19,980 | $1.2M | New |
| VC Visteon Corp. | 0.03% | 10,011 | $1.2M | Reduce -26.2% |
| CHTR Charter Communications Inc. Class A | 0.03% | 4,295 | $1.2M | Reduce -35.7% |
| DKNG Draftkings Inc. Class A | 0.03% | 31,201 | $1.2M | Reduce -14.3% |
| ORLY O'reilly Automotive Inc. | 0.03% | 10,801 | $1.2M | Reduce -74.9% |
| CHDN Churchill Downs Inc. | 0.03% | 11,933 | $1.2M | New |
| TSLA Tesla Inc. | 0.03% | 2,481 | $1.1M | Reduce -36.3% |
| MZTI The Marzetti Company | 0.03% | 6,374 | $1.1M | New |
| CROX Crocs Inc. | 0.03% | 12,985 | $1.1M | Reduce -27.1% |
| CART Maplebear Inc. | 0.03% | 29,093 | $1.1M | Reduce -56.1% |
| RBLX Roblox Corp. Class A | 0.03% | 7,700 | $1.1M | Reduce -55.9% |
| LEA Lear Corp. | 0.03% | 10,409 | $1.0M | New |
| DUOL Duolingo | 0.02% | 3,161 | $1.0M | Reduce -9.9% |
| EXR Extra Space Storage Inc. | 0.02% | 7,207 | $1.0M | Add +95.0% |
| ESS Essex Property Trust Inc. | 0.02% | 3,790 | $1.0M | New |
| WY Weyerhaeuser Co. | 0.02% | 39,131 | $970K | New |
| SNAP Snap Inc. Class A | 0.02% | 125,390 | $967K | New |
| ES Eversource Energy | 0.02% | 12,532 | $892K | New |
| ED Consolidated Edison Inc. | 0.02% | 8,762 | $881K | New |
| TGT Target Corp. | 0.02% | 8,736 | $784K | Reduce -58.1% |
| NNN NNN REIT Inc. | 0.02% | 18,001 | $766K | Reduce -43.5% |
| RDDT Reddit Inc. Class A | 0.02% | 3,224 | $741K | Reduce -69.7% |
| BBWI Bath & Body Works Inc. | 0.02% | 26,496 | $683K | New |
| MTCH Match Group Inc. | 0.02% | 19,057 | $673K | Reduce -69.8% |
| ULTA Ulta Beauty Inc. | 0.02% | 1,211 | $662K | Add +4.0% |
| THO Thor Industries Inc. | 0.02% | 6,258 | $649K | No change |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.02% | 12,350 | $625K | Reduce -64.6% |
| IDA Idacorp Inc. | 0.01% | 4,441 | $587K | New |
| KVUE Kenvue Inc. | 0.01% | 34,554 | $561K | Add +138.9% |
| PAG Penske Automotive Group Inc. | 0.01% | 3,137 | $546K | Add +13.6% |
| NJR New Jersey Resources Corp. | 0.01% | 11,269 | $543K | Add +16.8% |
| CMCSA Comcast Corp. Class A | 0.01% | 17,035 | $535K | New |
| DUK Duke Energy Corp. | 0.01% | 4,085 | $506K | Reduce -70.3% |
| MTN Vail Resorts Inc. | 0.01% | 3,237 | $484K | New |
| TKO Tko Group Holdings Inc. | 0.01% | 2,060 | $416K | Add +23.8% |
| EPR Epr Properties filed as EPR PPTYS | 0.01% | 6,813 | $395K | No change |
| VTR Ventas Inc. | 0.01% | 5,208 | $365K | New |
| HOG Harley-Davidson Inc. | 0.01% | 10,829 | $302K | Reduce -67.7% |
| BYD Boyd Gaming Corp. | 0.01% | 3,392 | $293K | Add +3.6% |
| POOL Pool Corp. | 0.01% | 818 | $254K | Reduce -87.8% |
| CHH Choice Hotels Intl Inc. | 0.01% | 2,295 | $245K | Reduce -1.4% |
| PG The Procter & Gamble Co. | 0.01% | 1,586 | $244K | Reduce -81.0% |
| STZ Constellation Brands Inc. Class A | 0.01% | 1,631 | $220K | New |
Options reported separately and not counted above: BZH puts ($9.7M), POST puts ($2.8M), AAL puts ($1.1M).
Other holdings (22): bonds, preferreds, convertibles and warrants · $180.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 30,000,000 | $30.5M | Add +20.0% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 15,000,000 | $22.0M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 15,000,000 | $20.4M | New |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 16,000,000 | $17.7M | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 10,000,000 | $13.8M | Add +100.0% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 10,000,000 | $9.8M | New |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 10,000,000 | $9.6M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 7,000,000 | $6.9M | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 7,000,000 | $6.8M | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 6,237,000 | $6.1M | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 6,000,000 | $5.6M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 5,000,000 | $5.2M | New |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 5,000,000 | $4.9M | No change |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 4,000,000 | $3.7M | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 4,000,000 | $3.6M | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 3,311,000 | $3.2M | New |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 3,000,000 | $3.0M | No change |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 2,500,000 | $2.4M | No change |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 2,000,000 | $2.0M | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 1,500,000 | $1.5M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 1,250,000 | $1.1M | No change |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | 1,000,000 | $996K | No change |
Total filed on the 13F, all lines: $4.3B.
Portfolio Sells Q2 2025 → Q3 2025
| TD Toronto-Dominion Bank | Sold out | 0.00% | −3.82 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −2.59 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −2.53 |
| MSFT Microsoft Corp. | Reduce -42.6% | 2.83% | −1.34 |
| HUM Humana Inc. | Sold out | 0.00% | −1.32 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -8.1% | 27.73% | −0.60 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -41.0% | 1.51% | −0.54 |
| LLY Eli Lilly & Co. | Reduce -40.3% | 0.83% | −0.42 |
| LOGI Logitech International-Reg | Sold out | 0.00% | −0.30 |
| BAC Bank of America Corp. | Reduce -24.9% | 3.83% | −0.29 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.25 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −0.23 |
| EXEL Exelixis Inc. | Sold out | 0.00% | −0.19 |
| MGA Magna International Inc. | Sold out | 0.00% | −0.16 |
| WPM Wheaton Precious Metals Corp. | Sold out | 0.00% | −0.15 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −0.12 |
| SR Spire Inc. | Reduce -78.1% | 0.04% | −0.11 |
| JAZZ Jazz Pharmaceuticals PLC | Sold out | 0.00% | −0.11 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.11 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.11 |
| TFII Tfi International Inc. | Sold out | 0.00% | −0.11 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.11 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.11 |
| INCY Incyte Corp. | Sold out | 0.00% | −0.10 |
| UHS Universal Health Services-B | Sold out | 0.00% | −0.10 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.10 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.10 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.10 |
| EMA Emera Inc. | Sold out | 0.00% | −0.10 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.09 |
| CMS CMS Energy Corp. | Sold out | 0.00% | −0.09 |
| PINS Pinterest Inc. Class A | Reduce -8.9% | 1.16% | −0.09 |
| OPCH Option Care Health Inc. | Sold out | 0.00% | −0.09 |
| SLF Sun Life Financial Inc. | Sold out | 0.00% | −0.09 |
| IMO Imperial Oil Ltd. | Sold out | 0.00% | −0.08 |
| PSA Public Storage | Reduce -63.3% | 0.05% | −0.08 |
| CI The Cigna Group | Sold out | 0.00% | −0.08 |
| MUR Murphy Oil Corp. | Sold out | 0.00% | −0.08 |
| COKE Coca-Cola Consolidated Inc. | Sold out | 0.00% | −0.07 |
| DVA Davita Inc. | Sold out | 0.00% | −0.07 |
| CM Can Imperial BK of Commerce | Sold out | 0.00% | −0.07 |
| WEC WEC Energy Group Inc. | Reduce -65.6% | 0.05% | −0.07 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.07 |
| PCH Potlatchdeltic Corp. | Sold out | 0.00% | −0.07 |
| LIVN Livanova PLC | Sold out | 0.00% | −0.06 |
| EHC Encompass Health Corp. | Sold out | 0.00% | −0.06 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.06 |
| RY Royal Bank of Canada | Sold out | 0.00% | −0.06 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.06 |
| FTS Fortis Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +37.8% | 9.98% | +3.65 |
| TEAM Atlassian Corp. Class A | New | 2.57% | +2.57 |
| NVDA Nvidia Corp. | New | 2.18% | +2.18 |
| ROST Ross Stores Inc. | New | 1.81% | +1.81 |
| ABBV Abbvie Inc. | New | 1.32% | +1.32 |
| BLK BlackRock Inc. | Add +6347.9% | 1.19% | +1.17 |
| COF Capital One Financial Corp. | Add +8.2% | 4.53% | +0.84 |
| BURL Burlington Stores Inc. | New | 0.71% | +0.71 |
| BSX Boston Scientific Corp. | New | 0.48% | +0.48 |
| HON Honeywell International Inc. | Add +7.0% | 3.26% | +0.29 |
| TMO Thermo Fisher Scientific Inc. | New | 0.28% | +0.28 |
| CRM Salesforce Inc. | Add +5.7% | 4.09% | +0.17 |
| POR Portland General Electric Co. | New | 0.12% | +0.12 |
| DHR Danaher Corp. | New | 0.11% | +0.11 |
| PK Park Hotels & Resorts Inc. | Add +129.6% | 0.15% | +0.10 |
| ADM Archer-Daniels-Midland Co. | New | 0.09% | +0.09 |
| AVTR Avantor Inc. | New | 0.09% | +0.09 |
| KHC The Kraft Heinz Co. | Add +513.6% | 0.10% | +0.09 |
| SPG Simon Property Group Inc. | New | 0.09% | +0.09 |
| GLPI Gaming and Leisure Propertie | New | 0.08% | +0.08 |
| WPC WP Carey Inc. | Add +23.4% | 0.20% | +0.07 |
| GIS General Mills Inc. | Add +88.3% | 0.12% | +0.06 |
| ORA Ormat Technologies Inc. | New | 0.06% | +0.06 |
| DPZ Domino's Pizza Inc. | Add +138.3% | 0.09% | +0.06 |
| CPT Camden Property Trust | Add +37.6% | 0.17% | +0.06 |
| OGS One Gas Inc. | New | 0.05% | +0.05 |
| MAA Mid-America Apartment Comm | Add +47.6% | 0.14% | +0.05 |
| HST Host Hotels & Resorts Inc. | Add +5.1% | 0.21% | +0.05 |
| EVRG Evergy Inc. | Add +22.9% | 0.14% | +0.05 |
| DOC Healthpeak Properties Inc. | Add +25.6% | 0.13% | +0.05 |
| NSA National Storage Affiliates | Add +35.5% | 0.15% | +0.05 |
| LOW Lowe's Cos Inc. | Add +197.9% | 0.06% | +0.05 |
| DTE DTE Energy Company | Add +11.1% | 0.17% | +0.04 |
| FOXA Fox Corp. Class A | Add +395.8% | 0.05% | +0.04 |
| APTV Aptiv PLC | Add +106.7% | 0.06% | +0.04 |
| LOPE Grand Canyon Education Inc. | Add +30.7% | 0.10% | +0.04 |
| EGP Eastgroup Properties Inc. | New | 0.04% | +0.04 |
| CASY Casey's General Stores Inc. | New | 0.04% | +0.04 |
| NFG National Fuel Gas Co. | Add +30.0% | 0.11% | +0.04 |
| TSCO Tractor Supply Company | New | 0.04% | +0.04 |
| EIX Edison International | New | 0.04% | +0.04 |
| VICI Vici Properties Inc. | Add +69.5% | 0.08% | +0.04 |
| PII Polaris Inc. | Add +23.0% | 0.07% | +0.04 |
| TXRH Texas Roadhouse Inc. | Add +44.1% | 0.11% | +0.04 |
| DG Dollar General Corp. | Add +303.0% | 0.04% | +0.03 |
| PFGC Performance Food Group Co. | New | 0.03% | +0.03 |
| COST Costco Wholesale Corp. | Add +27.3% | 0.13% | +0.03 |
| SUI Sun Communities Inc. | New | 0.03% | +0.03 |
| OMC Omnicom Group | Add +427.8% | 0.04% | +0.03 |
| HLT Hilton Worldwide Holdings Inc. | Add +116.8% | 0.05% | +0.03 |
Options Activity Q2 2025 → Q3 2025
| BZH Beazer Homes USA Inc. | put | New | 394,000 | $9.7M |
| POST Post Holdings Inc. | put | New | 26,500 | $2.8M |
| AAL American Airlines Group Inc. | put | New | 101,600 | $1.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +20.0% | 30,000,000 | $30.5M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 15,000,000 | $22.0M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | New | 15,000,000 | $20.4M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +100.0% | 10,000,000 | $13.8M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 11,500,000 | $11.5Mbefore exit |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Sold out | 10,000,000 | $10.7Mbefore exit |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | New | 10,000,000 | $9.8M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | New | 5,000,000 | $5.2M |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | New | 3,311,000 | $3.2M |
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 | 44 | $15.7B | SPCX, GFL, HYG, LQD, ENB |
| Q1 2026 | 145 | $3.3B | GFL, HYG, CRM, COF, PNC |
| Q4 2025 | 142 | $4.3B | GFL, HYG, COF, WMT, CRM |
| Q3 2025Amended | 151 | $4.1B | GFL, HYG, COF, WMT, CRM |
| Q2 2025Amended | 287 | $4.7B | GFL, HYG, MSFT, BAC, CRM |
| Q1 2025Amended | 394 | $6.3B | GFL, MSFT, WMT, T, BAC |
| Q4 2024Amended | 401 | $7.2B | GFL, MSFT, CB, BAC, BDX |
| Q3 2024Amended | 396 | $10.9B | GFL, MSFT, CB, CMCSA, HON |
| Q2 2024Amended | 423 | $10.1B | GFL, MSFT, CB, HON, CMCSA |
| Q1 2024Amended | 449 | $10.7B | GFL, MSFT, GOOGL, CB, MS |