Ontario Teachers Pension Plan Board
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Ontario Teachers Pension Plan Board reported 142 stock positions worth $4.3 billion. Its top holding was GFL Environmental Inc.-Sub VT (GFL) at 22.3% of the portfolio, followed by Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, 20.6%) and Capital One Financial (COF, 4.8%). Compared with Q3 2025, it opened 26 new positions, sold out of 35, added to 60 and reduced 52. The biggest buy was Ishr Ibx Usd Hiyld CB ETF-Ui (HYG, shares +117%) and the biggest sale GFL Environmental Inc.-Sub VT (GFL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- Toronto, A6
- CIK
- 0000937567
- Portfolio Value
- $4.3B (Q4 2025)
- SEC Filing
- 0001999371-26-003352 ↗ filed Feb 13, 2026
Holdings Value
Holdings 142 stocks · $4.3B
| GFL GFL Environmental Inc.-Sub VT | 22.33% | 22,450,784 | $964.4M | Reduce -7.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 20.63% | 11,050,000 | $891.0M | Add +116.7% |
| COF Capital One Financial Corp. | 4.79% | 853,538 | $206.9M | Reduce -3.6% |
| WMT Walmart Inc. | 4.28% | 1,657,948 | $184.7M | Reduce -2.2% |
| CRM Salesforce Inc. | 4.11% | 669,919 | $177.5M | Reduce -6.4% |
| CMI Cummins Inc. | 3.71% | 314,074 | $160.3M | Reduce -2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.47% | 2,725,808 | $149.9M | Reduce -11.6% |
| NVDA Nvidia Corp. | 3.18% | 736,225 | $137.3M | Add +51.8% |
| ROK Rockwell Automation Inc. | 3.16% | 351,309 | $136.7M | Add +1.4% |
| TEAM Atlassian Corp. Class A | 2.69% | 717,272 | $116.3M | Add +7.6% |
| GE General Electric filed as GE AEROSPACE | 2.64% | 369,652 | $113.9M | Add +4.6% |
| CARR Carrier Global Corp. | 2.31% | 1,889,464 | $99.8M | New |
| PONY Pony AI Inc. | 2.18% | 6,492,530 | $94.1M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.93% | 733,980 | $83.5M | Add +20.7% |
| T AT&T Inc. | 1.92% | 3,335,763 | $82.9M | Reduce -10.1% |
| ROST Ross Stores Inc. | 1.89% | 453,653 | $81.7M | Reduce -8.0% |
| BURL Burlington Stores Inc. | 1.67% | 249,480 | $72.1M | Add +114.7% |
| ABBV Abbvie Inc. | 1.47% | 278,403 | $63.6M | Add +18.1% |
| AZN Astrazeneca PLC-Spons ADR | 1.22% | 572,652 | $52.6M | Reduce -30.0% |
| SA Seabridge Gold Inc. | 1.14% | 1,664,634 | $49.3M | Add +11.7% |
| META Meta Platforms Inc. Class A | 0.70% | 46,006 | $30.4M | New |
| COOK Traeger Inc. | 0.62% | 24,693,075 | $26.7M | No change |
| BSX Boston Scientific Corp. | 0.50% | 224,925 | $21.4M | Add +9.8% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 22,680 | $13.1M | Reduce -4.2% |
| EW Edwards Lifesciences Corp. | 0.27% | 134,451 | $11.5M | New |
| ZBH Zimmer Biomet Holdings Inc. | 0.24% | 115,588 | $10.4M | New |
| PSA Public Storage | 0.20% | 32,963 | $8.6M | Add +326.6% |
| NSA National Storage Affiliates | 0.17% | 255,436 | $7.2M | Add +27.3% |
| WPC WP Carey Inc. | 0.16% | 110,488 | $7.1M | Reduce -9.8% |
| CPT Camden Property Trust | 0.16% | 62,603 | $6.9M | Reduce -6.0% |
| POR Portland General Electric Co. | 0.15% | 138,817 | $6.7M | Add +20.7% |
| DOC Healthpeak Properties Inc. | 0.14% | 386,667 | $6.2M | Add +39.9% |
| SAM Boston Beer Company Inc. Class A | 0.14% | 30,673 | $6.0M | Add +17.3% |
| LAMR Lamar Advertising Co. Class A | 0.13% | 45,741 | $5.8M | Reduce -37.2% |
| COST Costco Wholesale Corp. | 0.12% | 6,187 | $5.3M | Add +10.4% |
| PK Park Hotels & Resorts Inc. | 0.12% | 502,374 | $5.3M | Reduce -9.7% |
| FE Firstenergy Corp. | 0.12% | 114,924 | $5.1M | Add +32.6% |
| WEC WEC Energy Group Inc. | 0.12% | 48,490 | $5.1M | Add +156.3% |
| OHI Omega Healthcare Investors | 0.11% | 108,273 | $4.8M | Reduce -6.0% |
| GIS General Mills Inc. | 0.11% | 99,455 | $4.6M | Add +1.6% |
| CUBE Cubesmart | 0.11% | 128,189 | $4.6M | New |
| ADM Archer-Daniels-Midland Co. | 0.11% | 79,629 | $4.6M | Add +31.6% |
| INVH Invitation Homes Inc. | 0.10% | 153,639 | $4.3M | New |
| TXRH Texas Roadhouse Inc. | 0.09% | 23,909 | $4.0M | Reduce -15.6% |
| VTR Ventas Inc. | 0.09% | 51,241 | $4.0M | Add +883.9% |
| YETI Yeti Holdings Inc. filed as YETI HLDGS INC | 0.09% | 87,847 | $3.9M | Reduce -19.9% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.09% | 31,096 | $3.9M | Add +199.8% |
| BKH Black Hills Corp. | 0.09% | 54,852 | $3.8M | Reduce -23.4% |
| KHC The Kraft Heinz Co. | 0.09% | 156,374 | $3.8M | Reduce -3.1% |
| EVRG Evergy Inc. | 0.09% | 50,959 | $3.7M | Reduce -33.3% |
| CCI Crown Castle Inc. | 0.08% | 41,150 | $3.7M | Add +77.6% |
| NYT New York Times Co. Class A | 0.08% | 51,167 | $3.6M | Add +86.6% |
| EXPE Expedia Group Inc. | 0.08% | 12,537 | $3.6M | Add +43.3% |
| LEA Lear Corp. | 0.08% | 30,948 | $3.5M | Add +197.3% |
| AEP American Electric Power | 0.08% | 30,724 | $3.5M | Add +31.5% |
| BC Brunswick Corp. | 0.08% | 47,235 | $3.5M | Reduce -10.4% |
| CL Colgate-Palmolive Co. | 0.07% | 40,234 | $3.2M | Add +7.3% |
| PII Polaris Inc. | 0.07% | 49,871 | $3.2M | Reduce -2.6% |
| USFD US Foods Holding Corp. | 0.07% | 41,554 | $3.1M | Add +18.3% |
| CMG Chipotle Mexican Grill Inc. | 0.07% | 83,693 | $3.1M | Add +9.6% |
| UGI Ugi Corp. | 0.07% | 82,360 | $3.1M | Reduce -56.8% |
| DTE DTE Energy Company | 0.07% | 23,174 | $3.0M | Reduce -53.7% |
| OGS One Gas Inc. | 0.07% | 37,880 | $2.9M | Add +37.3% |
| DPZ Domino's Pizza Inc. | 0.07% | 7,008 | $2.9M | Reduce -21.6% |
| TSCO Tractor Supply Company | 0.07% | 58,121 | $2.9M | Add +107.8% |
| MUSA Murphy USA Inc. | 0.07% | 7,192 | $2.9M | Reduce -12.7% |
| GNTX Gentex Corp. | 0.07% | 124,102 | $2.9M | Add +46.2% |
| BKNG Booking Holdings Inc. | 0.06% | 519 | $2.8M | Reduce -30.1% |
| TAP Molson Coors Beverage Co. Class B | 0.06% | 59,252 | $2.8M | New |
| AEE Ameren Corporation | 0.06% | 27,470 | $2.7M | New |
| NNN NNN REIT Inc. | 0.06% | 68,051 | $2.7M | Add +278.0% |
| CDP Copt Defense Properties | 0.06% | 92,748 | $2.6M | Reduce -41.8% |
| CASY Casey's General Stores Inc. | 0.06% | 4,549 | $2.5M | Add +53.3% |
| DG Dollar General Corp. | 0.06% | 18,785 | $2.5M | Add +4.8% |
| APTV Aptiv PLC | 0.06% | 32,294 | $2.5M | Add +5.4% |
| NXST Nexstar Media Group Inc. | 0.06% | 11,846 | $2.4M | Reduce -20.2% |
| HLT Hilton Worldwide Holdings Inc. | 0.06% | 8,358 | $2.4M | Reduce -0.9% |
| BBWI Bath & Body Works Inc. | 0.06% | 118,536 | $2.4M | Add +347.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.06% | 15,489 | $2.4M | Add +54.7% |
| CUZ Cousins Properties Inc. | 0.05% | 91,049 | $2.3M | Add +14.2% |
| DRI Darden Restaurants Inc. | 0.05% | 12,288 | $2.3M | Add +37.1% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.05% | 77,668 | $2.2M | Reduce -20.7% |
| SO The Southern Co. | 0.05% | 24,893 | $2.2M | Add +24.9% |
| TGT Target Corp. | 0.05% | 21,263 | $2.1M | Add +143.4% |
| O Realty Income Corp. | 0.05% | 36,376 | $2.1M | Add +82.1% |
| SCI Service Corp. International | 0.05% | 26,224 | $2.0M | Add +15.2% |
| LOPE Grand Canyon Education Inc. | 0.05% | 12,043 | $2.0M | Reduce -35.7% |
| CMCSA Comcast Corp. Class A | 0.05% | 66,665 | $2.0M | Add +291.3% |
| MZTI The Marzetti Company | 0.04% | 11,452 | $1.9M | Add +79.7% |
| SNAP Snap Inc. Class A | 0.04% | 232,345 | $1.9M | Add +85.3% |
| FIVE Five Below | 0.04% | 9,918 | $1.9M | Reduce -9.2% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.04% | 20,531 | $1.8M | Reduce -26.6% |
| NFG National Fuel Gas Co. | 0.04% | 22,847 | $1.8M | Reduce -51.9% |
| GHC Graham Holdings Co. Class B | 0.04% | 1,639 | $1.8M | Reduce -11.6% |
| PBA Pembina Pipeline Corp. | 0.04% | 46,676 | $1.8M | No change |
| OMC Omnicom Group | 0.04% | 21,976 | $1.8M | Add +17.6% |
| DKNG Draftkings Inc. Class A | 0.04% | 46,359 | $1.6M | Add +48.6% |
| CELH Celsius Holdings Inc. | 0.04% | 34,462 | $1.6M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.04% | 14,698 | $1.5M | New |
| FOXA Fox Corp. Class A | 0.04% | 20,861 | $1.5M | Reduce -39.1% |
| INGR Ingredion Inc. | 0.03% | 13,239 | $1.5M | Reduce -69.0% |
| CNP Centerpoint Energy Inc. | 0.03% | 37,921 | $1.5M | New |
| CHDN Churchill Downs Inc. | 0.03% | 12,453 | $1.4M | Add +4.4% |
| SWX Southwest Gas Holdings Inc. | 0.03% | 17,187 | $1.4M | Reduce -83.7% |
| VC Visteon Corp. | 0.03% | 14,407 | $1.4M | Add +43.9% |
| M Macy's Inc. | 0.03% | 58,725 | $1.3M | New |
| RIVN Rivian Automotive Inc. Class A | 0.03% | 64,274 | $1.3M | Reduce -33.5% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.03% | 9,618 | $1.2M | No change |
| ARMK Aramark | 0.03% | 33,513 | $1.2M | New |
| ALV Autoliv Inc. | 0.03% | 10,338 | $1.2M | New |
| CHTR Charter Communications Inc. Class A | 0.03% | 5,841 | $1.2M | Add +36.0% |
| HOG Harley-Davidson Inc. | 0.03% | 57,270 | $1.2M | Add +428.9% |
| GT Goodyear Tire & Rubber Co. | 0.03% | 133,479 | $1.2M | New |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.03% | 17,813 | $1.1M | New |
| MTN Vail Resorts Inc. | 0.03% | 8,265 | $1.1M | Add +155.3% |
| SPG Simon Property Group Inc. | 0.03% | 5,856 | $1.1M | Reduce -69.5% |
| BBY Best Buy Co. Inc. | 0.02% | 14,256 | $954K | Reduce -15.1% |
| ES Eversource Energy | 0.02% | 13,775 | $927K | Add +9.9% |
| BYD Boyd Gaming Corp. | 0.02% | 10,764 | $918K | Add +217.3% |
| CHWY Chewy Inc. Class A | 0.02% | 27,600 | $912K | Reduce -41.8% |
| MCD McDonald's Corp. | 0.02% | 2,980 | $911K | New |
| AMH American Homes 4 Rent- A | 0.02% | 27,821 | $893K | Reduce -50.3% |
| PG The Procter & Gamble Co. | 0.02% | 6,017 | $862K | Add +279.4% |
| RBLX Roblox Corp. Class A | 0.02% | 10,548 | $855K | Add +37.0% |
| WY Weyerhaeuser Co. | 0.02% | 35,586 | $843K | Reduce -9.1% |
| DAR Darling Ingredients Inc. | 0.02% | 23,261 | $837K | New |
| TSLA Tesla Inc. | 0.02% | 1,821 | $819K | Reduce -26.6% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 0.02% | 7,937 | $786K | New |
| ED Consolidated Edison Inc. | 0.02% | 7,477 | $743K | Reduce -14.7% |
| COTY Coty Inc. Class A | 0.02% | 240,713 | $741K | New |
| EPR Epr Properties filed as EPR PPTYS | 0.02% | 14,032 | $700K | Add +106.0% |
| CAG Conagra Brands Inc. | 0.02% | 39,582 | $685K | New |
| SGI Somnigroup International Inc. | 0.02% | 7,573 | $676K | New |
| MAA Mid-America Apartment Comm | 0.01% | 4,151 | $577K | Reduce -90.3% |
| THO Thor Industries Inc. | 0.01% | 4,646 | $477K | Reduce -25.8% |
| RCL Royal Caribbean Cruises Ltd. | 0.01% | 1,511 | $421K | New |
| CROX Crocs Inc. | 0.01% | 4,897 | $419K | Reduce -62.3% |
| RDDT Reddit Inc. Class A | 0.01% | 1,600 | $368K | Reduce -50.4% |
| BRBR Bellring Brands Inc. | 0.01% | 9,800 | $262K | New |
| ESS Essex Property Trust Inc. | 0.01% | 922 | $241K | Reduce -75.7% |
| GTM Zoominfo Technologies Inc. | 0.00% | 15,941 | $162K | New |
| ABNB Airbnb Inc. Class A | 0.00% | 312 | $42K | New |
Options reported separately and not counted above: BZH puts ($8.0M), AAL puts ($7.0M), POST puts ($5.2M), KBH puts ($4.4M).
Other holdings (22): bonds, preferreds, convertibles and warrants · $177.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 30,000,000 | $31.2M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 16,000,000 | $20.4M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 15,000,000 | $19.5M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 15,000,000 | $17.1M | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 10,000,000 | $11.2M | No change |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 10,000,000 | $9.9M | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 10,000,000 | $9.7M | 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 | $6.9M | 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 | $5.0M | No change |
| 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 | $3.8M | 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 | $3.3M | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 3,000,000 | $3.0M | No change |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 2,500,000 | $2.8M | New |
| 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 | $1.0M | No change |
Total filed on the 13F, all lines: $4.5B.
Portfolio Sells Q3 2025 → Q4 2025
| GFL GFL Environmental Inc.-Sub VT | Reduce -7.6% | 22.33% | −5.40 |
| HON Honeywell International Inc. | Sold out | 0.00% | −3.26 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −2.83 |
| BLK BlackRock Inc. | Sold out | 0.00% | −1.19 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −1.16 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.83 |
| T AT&T Inc. | Reduce -10.1% | 1.92% | −0.61 |
| BAC Bank of America Corp. | Reduce -11.6% | 3.47% | −0.36 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -30.0% | 1.22% | −0.29 |
| HST Host Hotels & Resorts Inc. | Sold out | 0.00% | −0.21 |
| SWX Southwest Gas Holdings Inc. | Reduce -83.7% | 0.03% | −0.17 |
| MAA Mid-America Apartment Comm | Reduce -90.3% | 0.01% | −0.13 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.11 |
| DTE DTE Energy Company | Reduce -53.7% | 0.07% | −0.10 |
| INGR Ingredion Inc. | Reduce -69.0% | 0.03% | −0.09 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.09 |
| UGI Ugi Corp. | Reduce -56.8% | 0.07% | −0.08 |
| LAMR Lamar Advertising Co. Class A | Reduce -37.2% | 0.13% | −0.08 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.08 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −0.08 |
| NFG National Fuel Gas Co. | Reduce -51.9% | 0.04% | −0.06 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.06 |
| SPG Simon Property Group Inc. | Reduce -69.5% | 0.03% | −0.06 |
| ORA Ormat Technologies Inc. | Sold out | 0.00% | −0.06 |
| EVRG Evergy Inc. | Reduce -33.3% | 0.09% | −0.05 |
| LOPE Grand Canyon Education Inc. | Reduce -35.7% | 0.05% | −0.05 |
| CDP Copt Defense Properties | Reduce -41.8% | 0.06% | −0.05 |
| SR Spire Inc. | Sold out | 0.00% | −0.04 |
| EGP Eastgroup Properties Inc. | Sold out | 0.00% | −0.04 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.04 |
| EIX Edison International | Sold out | 0.00% | −0.04 |
| WPC WP Carey Inc. | Reduce -9.8% | 0.16% | −0.03 |
| PFGC Performance Food Group Co. | Sold out | 0.00% | −0.03 |
| AES AES Corp. | Sold out | 0.00% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -30.1% | 0.06% | −0.03 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.03 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.03 |
| PK Park Hotels & Resorts Inc. | Reduce -9.7% | 0.12% | −0.03 |
| VICI Vici Properties Inc. | Reduce -20.7% | 0.05% | −0.03 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.03 |
| DPZ Domino's Pizza Inc. | Reduce -21.6% | 0.07% | −0.03 |
| CHWY Chewy Inc. Class A | Reduce -41.8% | 0.02% | −0.03 |
| DUOL Duolingo | Sold out | 0.00% | −0.02 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.02 |
| AMH American Homes 4 Rent- A | Reduce -50.3% | 0.02% | −0.02 |
| TXRH Texas Roadhouse Inc. | Reduce -15.6% | 0.09% | −0.02 |
| BJ Bj's Wholesale Club Holdings | Reduce -26.6% | 0.04% | −0.02 |
| ESS Essex Property Trust Inc. | Reduce -75.7% | 0.01% | −0.02 |
| BKH Black Hills Corp. | Reduce -23.4% | 0.09% | −0.02 |
| FOXA Fox Corp. Class A | Reduce -39.1% | 0.04% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +116.7% | 20.63% | +10.65 |
| CARR Carrier Global Corp. | New | 2.31% | +2.31 |
| NVDA Nvidia Corp. | Add +51.8% | 3.18% | +1.00 |
| BURL Burlington Stores Inc. | Add +114.7% | 1.67% | +0.96 |
| META Meta Platforms Inc. Class A | New | 0.70% | +0.70 |
| SA Seabridge Gold Inc. | Add +11.7% | 1.14% | +0.28 |
| EW Edwards Lifesciences Corp. | New | 0.27% | +0.27 |
| DIS The Walt Disney Co. | Add +20.7% | 1.93% | +0.26 |
| ROK Rockwell Automation Inc. | Add +1.4% | 3.16% | +0.25 |
| ZBH Zimmer Biomet Holdings Inc. | New | 0.24% | +0.24 |
| ABBV Abbvie Inc. | Add +18.1% | 1.47% | +0.16 |
| PSA Public Storage | Add +326.6% | 0.20% | +0.14 |
| TEAM Atlassian Corp. Class A | Add +7.6% | 2.69% | +0.13 |
| CUBE Cubesmart | New | 0.11% | +0.11 |
| INVH Invitation Homes Inc. | New | 0.10% | +0.10 |
| VTR Ventas Inc. | Add +883.9% | 0.09% | +0.08 |
| GE General Electric | Add +4.6% | 2.64% | +0.07 |
| WEC WEC Energy Group Inc. | Add +156.3% | 0.12% | +0.07 |
| TAP Molson Coors Beverage Co. Class B | New | 0.06% | +0.06 |
| AEE Ameren Corporation | New | 0.06% | +0.06 |
| SUI Sun Communities Inc. | Add +199.8% | 0.09% | +0.06 |
| LEA Lear Corp. | Add +197.3% | 0.08% | +0.06 |
| NYT New York Times Co. Class A | Add +86.6% | 0.08% | +0.04 |
| NNN NNN REIT Inc. | Add +278.0% | 0.06% | +0.04 |
| BBWI Bath & Body Works Inc. | Add +347.4% | 0.06% | +0.04 |
| EXPE Expedia Group Inc. | Add +43.3% | 0.08% | +0.04 |
| CELH Celsius Holdings Inc. | New | 0.04% | +0.04 |
| EL Estee Lauder Companies Class A | New | 0.04% | +0.04 |
| CNP Centerpoint Energy Inc. | New | 0.03% | +0.03 |
| CMCSA Comcast Corp. Class A | Add +291.3% | 0.05% | +0.03 |
| POR Portland General Electric Co. | Add +20.7% | 0.15% | +0.03 |
| CCI Crown Castle Inc. | Add +77.6% | 0.08% | +0.03 |
| M Macy's Inc. | New | 0.03% | +0.03 |
| TGT Target Corp. | Add +143.4% | 0.05% | +0.03 |
| TSCO Tractor Supply Company | Add +107.8% | 0.07% | +0.03 |
| ARMK Aramark | New | 0.03% | +0.03 |
| ALV Autoliv Inc. | New | 0.03% | +0.03 |
| GT Goodyear Tire & Rubber Co. | New | 0.03% | +0.03 |
| VMRK Vivmark Residential | New | 0.03% | +0.03 |
| FE Firstenergy Corp. | Add +32.6% | 0.12% | +0.02 |
| MCD McDonald's Corp. | New | 0.02% | +0.02 |
| NSA National Storage Affiliates | Add +27.3% | 0.17% | +0.02 |
| TJX TJX Companies Inc. | Add +54.7% | 0.06% | +0.02 |
| SNAP Snap Inc. Class A | Add +85.3% | 0.04% | +0.02 |
| HOG Harley-Davidson Inc. | Add +428.9% | 0.03% | +0.02 |
| DAR Darling Ingredients Inc. | New | 0.02% | +0.02 |
| ADM Archer-Daniels-Midland Co. | Add +31.6% | 0.11% | +0.02 |
| AEP American Electric Power | Add +31.5% | 0.08% | +0.02 |
| POST Post Holdings Inc. | New | 0.02% | +0.02 |
| O Realty Income Corp. | Add +82.1% | 0.05% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| AAL American Airlines Group Inc. | put | Add +350.8% | 458,000 | $7.0M |
| POST Post Holdings Inc. | put | Add +100.0% | 53,000 | $5.2M |
| KBH KB Home | put | New | 77,200 | $4.4M |
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
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | New | 2,500,000 | $2.8M |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Sold out | 1,000,000 | $996Kbefore 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 | 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 |