Osterweis Capital Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Osterweis Capital Management Inc. reported 247 stock positions worth $1.6 billion. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Alphabet Class C (GOOG, 5.3%) and Amazon.com (AMZN, 4.8%). Compared with Q1 2025, it opened 96 new positions, sold out of 147, added to 83 and reduced 47. The biggest buy was Broadcom (AVGO, shares +59%) and the biggest sale an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001007524
- Portfolio Value
- $1.6B (Q2 2025)
- SEC Filing
- 0001085146-25-005142 ↗ filed Aug 14, 2025
Holdings Value
Holdings 247 stocks · $1.6B
| MSFT Microsoft Corp. | 7.04% | 228,324 | $113.6M | Add +11.8% |
| GOOG Alphabet Inc. Class C | 5.32% | 483,146 | $85.7M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 4.82% | 354,127 | $77.7M | Add +5.8% |
| AVGO Broadcom Inc. | 3.67% | 214,373 | $59.1M | Add +59.4% |
| V Visa Inc. Class A | 3.08% | 140,066 | $49.7M | Add +1.5% |
| DHR Danaher Corp. | 2.96% | 241,226 | $47.7M | Add +87.7% |
| AZO AutoZone Inc. | 2.70% | 11,724 | $43.5M | Add +1.3% |
| APD Air Products & Chemicals Inc. | 2.61% | 148,984 | $42.0M | Add +40.3% |
| JPM JPMorgan Chase & Co. | 2.55% | 141,761 | $41.1M | Add +2.4% |
| AWK American Water Works Co. Inc. | 2.54% | 294,943 | $41.0M | Add +0.6% |
| WCN Waste Connections Inc. | 2.44% | 210,261 | $39.3M | Add +0.5% |
| LHX L3HARRIS Technologies Inc. | 2.37% | 152,568 | $38.3M | Add +22.9% |
| ADI Analog Devices Inc. | 2.33% | 157,532 | $37.5M | Reduce -1.6% |
| BRO Brown & Brown Inc. | 2.27% | 330,223 | $36.6M | Add +9.7% |
| PGR Progressive Corp. | 2.18% | 131,638 | $35.1M | Add +0.7% |
| FERG Ferguson Enterprises Inc. | 2.16% | 159,920 | $34.8M | Reduce -4.3% |
| INTU Intuit Inc. | 2.11% | 43,274 | $34.1M | Add +0.3% |
| TRNO Terreno Realty Corp. | 2.09% | 601,025 | $33.7M | New |
| AMAT Applied Materials Inc. | 2.08% | 183,538 | $33.6M | Add +1835280.0% |
| KEYS Keysight Technologies Inc. | 2.07% | 203,235 | $33.3M | Reduce -0.7% |
| LAMR Lamar Advertising Co. Class A | 1.99% | 264,323 | $32.1M | Add +29.1% |
| BSX Boston Scientific Corp. | 1.89% | 283,208 | $30.4M | Add +1.4% |
| CRM Salesforce Inc. | 1.67% | 98,507 | $26.9M | Reduce -14.8% |
| AME Ametek Inc. | 1.66% | 147,723 | $26.7M | Add +31.9% |
| BA The Boeing Co. | 1.44% | 110,431 | $23.1M | Add +0.5% |
| SNPS Synopsys Inc. | 1.41% | 44,193 | $22.7M | New |
| NVDA Nvidia Corp. | 1.32% | 134,638 | $21.3M | Reduce -60.3% |
| DE Deere & Co. | 1.30% | 41,370 | $21.0M | Add +0.3% |
| LH Labcorp Holdings Inc. | 1.28% | 78,509 | $20.6M | New |
| META Meta Platforms Inc. Class A | 1.17% | 25,474 | $18.8M | Add +0.5% |
| ODFL Old Dominion Freight Line | 1.16% | 115,211 | $18.7M | Add +1.1% |
| RMBS Rambus Inc. | 1.13% | 284,410 | $18.2M | Reduce -0.7% |
| FSV Firstservice Corp. | 1.11% | 102,698 | $17.9M | Reduce -8.1% |
| GWRE Guidewire Software Inc. | 0.95% | 65,069 | $15.3M | Reduce -29.6% |
| CPAY Corpay Inc. | 0.87% | 42,412 | $14.1M | New |
| MGY Magnolia Oil & Gas Corp. Class A | 0.80% | 575,012 | $12.9M | Reduce -10.4% |
| VITL Vital Farms Inc. | 0.79% | 332,300 | $12.8M | Reduce -12.0% |
| GH Guardant Health Inc. | 0.78% | 240,316 | $12.5M | Reduce -19.0% |
| ATRC Atricure Inc. | 0.64% | 315,530 | $10.3M | Add +6.7% |
| SITM Sitime Corp. | 0.64% | 48,183 | $10.3M | New |
| AAPL Apple Inc. | 0.63% | 49,818 | $10.2M | Add +5.3% |
| GKOS Glaukos Corp. | 0.60% | 94,373 | $9.7M | Add +59.6% |
| VCEL Vericel Corp. | 0.60% | 228,275 | $9.7M | New |
| PRCT Procept Biorobotics Corp. | 0.60% | 168,615 | $9.7M | Reduce -3.0% |
| LAD Lithia Motors Inc. | 0.60% | 28,589 | $9.7M | Reduce -33.7% |
| AFRM Affirm Holdings Inc. | 0.55% | 128,845 | $8.9M | New |
| LLY Eli Lilly & Co. | 0.55% | 11,427 | $8.9M | Add +2.0% |
| CWAN Clearwater Analytics HDS-A | 0.55% | 402,600 | $8.8M | Add +19.8% |
| MOD Modine Manufacturing Co. | 0.55% | 89,252 | $8.8M | Reduce -40.1% |
| AGYS Agilysys Inc. | 0.54% | 76,505 | $8.8M | Reduce -40.6% |
| TREX Trex Company Inc. | 0.52% | 154,315 | $8.4M | New |
| SPXC SPX Technologies Inc. | 0.51% | 48,655 | $8.2M | New |
| ENSG The Ensign Group Inc. | 0.48% | 50,460 | $7.8M | Reduce -1.4% |
| TECH Bio-Techne Corp. | 0.48% | 149,591 | $7.7M | Reduce -43.9% |
| LTH Life Time Group Holdings Inc. | 0.47% | 248,015 | $7.5M | Reduce -56.7% |
| CECO Ceco Environmental Corp. | 0.45% | 253,440 | $7.2M | New |
| BOOT Boot Barn Holdings Inc. | 0.43% | 45,820 | $7.0M | New |
| RBRK Rubrik Inc. Class A | 0.43% | 77,185 | $6.9M | New |
| ACMR Acm Research Inc. Class A | 0.43% | 266,426 | $6.9M | Add +27.1% |
| VERX Vertex Inc. Class A | 0.41% | 185,640 | $6.6M | Reduce -25.7% |
| AX Axos Financial Inc. | 0.40% | 84,960 | $6.5M | New |
| HNGE Hinge Health Inc. Class A | 0.38% | 118,215 | $6.1M | New |
| PLMR Palomar Holdings Inc. | 0.36% | 37,140 | $5.7M | New |
| ADMA Adma Biologics Inc. | 0.33% | 296,495 | $5.4M | New |
| DUOL Duolingo | 0.29% | 11,476 | $4.7M | Reduce -45.0% |
| ADSK Autodesk Inc. | 0.29% | 15,060 | $4.7M | No change |
| RELY Remitly Global Inc. | 0.29% | 245,075 | $4.6M | Reduce -32.6% |
| CAVA Cava Group Inc. | 0.26% | 48,840 | $4.1M | New |
| KVYO Klaviyo Inc. Class A | 0.24% | 114,723 | $3.9M | Reduce -64.3% |
| TTAN Servicetitan Inc. Class A | 0.23% | 35,230 | $3.8M | New |
| AORT Artivion Inc. | 0.23% | 120,580 | $3.8M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 5 | $3.6M | No change |
| PG The Procter & Gamble Co. | 0.17% | 17,555 | $2.8M | Add +3.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.17% | 5,744 | $2.8M | Reduce -8.4% |
| TPB Turning Point Brands Inc. | 0.17% | 36,065 | $2.7M | New |
| EPD Enterprise Products Partners | 0.17% | 87,815 | $2.7M | No change |
| FICO Fair Isaac Corp. | 0.15% | 1,299 | $2.4M | Reduce -9.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 5,954 | $1.8M | Reduce -5.0% |
| XOM Exxon Mobil Corp. | 0.09% | 13,805 | $1.5M | Add +30.0% |
| WDAY Workday Inc. Class A | 0.09% | 6,000 | $1.4M | No change |
| FOLD Amicus Therapeutics Inc. | 0.09% | 250,935 | $1.4M | Reduce -69.6% |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 9,442 | $1.3M | Reduce -10.2% |
| ESS Essex Property Trust Inc. | 0.07% | 4,000 | $1.1M | No change |
| ABBV Abbvie Inc. | 0.06% | 5,540 | $1.0M | Add +28.2% |
| UNP Union Pacific Corp. | 0.06% | 4,262 | $981K | Add +10.6% |
| GOOGL Alphabet Inc. Class A | 0.06% | 5,530 | $975K | Add +12.6% |
| LEVI Levi Strauss & Co. Class A | 0.06% | 50,000 | $925K | New |
| COST Costco Wholesale Corp. | 0.05% | 826 | $818K | Add +55.3% |
| JNJ Johnson & Johnson | 0.04% | 4,431 | $677K | Reduce -36.6% |
| ABT Abbott Laboratories | 0.04% | 4,252 | $578K | Add +47.4% |
| HD Home Depot Inc. | 0.03% | 1,432 | $525K | Add +39.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.03% | 14,455 | $489K | Add +48083.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.03% | 6,331 | $465K | Add +19.7% |
| ORCL Oracle Corp. | 0.03% | 1,845 | $403K | Reduce -0.8% |
| CR Crane Co. | 0.02% | 2,000 | $380K | No change |
| MRK Merck & Co. Inc. | 0.02% | 4,681 | $371K | Add +11.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.02% | 2,965 | $368K | Reduce -0.8% |
| AXP American Express Co. | 0.02% | 1,123 | $358K | Add +30.1% |
| WFC Wells Fargo & Co. | 0.02% | 4,457 | $357K | Add +123.6% |
| MS Morgan Stanley | 0.02% | 2,433 | $343K | Add +304.1% |
Other holdings (36): bonds, preferreds, convertibles and warrants · $477.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 70,750,000 | $68.4M | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 70,305,000 | $66.7M | Add +1.4% |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 51,943,000 | $51.8M | No change |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 52,201,000 | $51.7M | New |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 48,570,000 | $47.0M | No change |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 37,142,000 | $36.9M | Add +7.2% |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 30,327,000 | $30.1M | No change |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 28,579,000 | $28.0M | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 17,721,000 | $17.6M | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 15,000,000 | $14.6M | No change |
| JAMF HOLDING CORP (JAMF 0.125 09/01/26) | NOTE 0.125% 9/0 · principal | 11,600,000 | $11.0M | No change |
| NVS Novartis AG-Sponsored ADR | SPONSORED ADR · principal | 88,341 | $10.7M | Add +1.3% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 10,595,000 | $10.1M | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 9,700,000 | $9.7M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 7,750,000 | $6.7M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 5,000,000 | $5.1M | Reduce -28.6% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 3,000,000 | $3.0M | No change |
| SCHB Schwab US Broad Market ETF | US BRD MKT ETF · principal | 99,437 | $2.4M | Reduce -22.2% |
| VOO Vanguard S&P 500 ETF | S&P 500 ETF SHS · principal | 3,064 | $1.7M | Reduce -17.5% |
| IEFA iShares Core MSCI Eafe ETF | CORE MSCI EAFE · principal | 11,675 | $975K | New |
| XLK SS Technology Select Sector | ST STR TECHN ETF · principal | 2,591 | $656K | Reduce -13.4% |
| FTGC First Trust Global Tactical | FST TR GLB FD · principal | 25,742 | $635K | Add +0.3% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0-5 HIGH YIELD · principal | 5,370 | $510K | No change |
| ISTB iShares Core 1-5 Year Usd Bo | CORE 1 5 YR USD · principal | 9,000 | $438K | No change |
| NOBL Proshares S&P 500 Dividend A | S&P 500 DV ARIST · principal | 2,366 | $238K | Reduce -9.7% |
| IGM iShares Expanded Tech Sector | EXPND TEC SC ETF · principal | 2,053 | $231K | Reduce -68.0% |
| VXUS Vanguard Total Intl Stock | VG TL INTL STK F · principal | 2,756 | $190K | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | TR UNIT · principal | 253 | $156K | No change |
| VIOO Vanguard S&P Small-Cap 600 E | SMLLCP 600 IDX · principal | 1,522 | $154K | No change |
| IBIT iShares Bitcoin Trust ETF | SHS BEN INT · principal | 1,817 | $111K | No change |
| VXF Vanguard Extended Market ETF | EXTEND MKT ETF · principal | 468 | $90K | Reduce -44.4% |
| IVV iShares Core S&P 500 ETF | CORE S&P500 ETF · principal | 100 | $62K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | GROWTH ETF · principal | 135 | $59K | Add +9.8% |
| GLD SPDR Gold Shares | GOLD SHS · principal | 159 | $48K | New |
| VDE Vanguard Energy ETF | ENERGY ETF · principal | 34 | $4K | New |
| GRNY Fundstr Gran SH US LRG Cap | FUND GRAN US ETF · principal | 100 | $2K | No change |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −3.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -100.0% | 0.00% | −2.60 |
| EGP Eastgroup Properties Inc. | Sold out | 0.00% | −2.52 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −2.10 |
| CVCO Cavco Industries Inc. | Sold out | 0.00% | −1.17 |
| NVDA Nvidia Corp. | Reduce -60.3% | 1.32% | −1.16 |
| CNMD Conmed Corp. | Sold out | 0.00% | −0.93 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.82 |
| LTH Life Time Group Holdings Inc. | Reduce -56.7% | 0.47% | −0.70 |
| FRPT Freshpet Inc. | Sold out | 0.00% | −0.66 |
| RGEN Repligen Corp. | Sold out | 0.00% | −0.62 |
| TECH Bio-Techne Corp. | Reduce -43.9% | 0.48% | −0.58 |
| GNRC Generac Holdings Inc. | Sold out | 0.00% | −0.48 |
| CRM Salesforce Inc. | Reduce -14.8% | 1.67% | −0.43 |
| KVYO Klaviyo Inc. Class A | Reduce -64.3% | 0.24% | −0.42 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.40 |
| TRNS Transcat Inc. | Sold out | 0.00% | −0.37 |
| FOLD Amicus Therapeutics Inc. | Reduce -69.6% | 0.09% | −0.36 |
| INSP Inspire Medical Systems Inc. | Sold out | 0.00% | −0.36 |
| ALGM Allegro Microsystems Inc. | Sold out | 0.00% | −0.30 |
| MGY Magnolia Oil & Gas Corp. Class A | Reduce -10.4% | 0.80% | −0.29 |
| WEAV Weave Communications Inc. | Sold out | 0.00% | −0.26 |
| LAD Lithia Motors Inc. | Reduce -33.7% | 0.60% | −0.25 |
| MTSI Macom Technology Solutions H | Sold out | 0.00% | −0.23 |
| MOD Modine Manufacturing Co. | Reduce -40.1% | 0.55% | −0.23 |
| RELY Remitly Global Inc. | Reduce -32.6% | 0.29% | −0.23 |
| GWRE Guidewire Software Inc. | Reduce -29.6% | 0.95% | −0.22 |
| VERX Vertex Inc. Class A | Reduce -25.7% | 0.41% | −0.18 |
| DUOL Duolingo | Reduce -45.0% | 0.29% | −0.15 |
| FSV Firstservice Corp. | Reduce -8.1% | 1.11% | −0.14 |
| AGYS Agilysys Inc. | Reduce -40.6% | 0.54% | −0.09 |
| PRCT Procept Biorobotics Corp. | Reduce -3.0% | 0.60% | −0.08 |
| GH Guardant Health Inc. | Reduce -19.0% | 0.78% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.4% | 0.17% | −0.05 |
| JNJ Johnson & Johnson | Reduce -36.6% | 0.04% | −0.04 |
| FICO Fair Isaac Corp. | Reduce -9.9% | 0.15% | −0.03 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.0% | 0.01% | −0.00 |
| AJG Arthur J Gallagher & Co. | Reduce -6.9% | 0.01% | −0.00 |
| KEYS Keysight Technologies Inc. | Reduce -0.7% | 2.07% | −0.00 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.00 |
| PLD Prologis Inc. | Reduce -1.9% | 0.01% | −0.00 |
| SBUX Starbucks Corp. | Reduce -1.6% | 0.01% | −0.00 |
| PEP Pepsico Inc. | Reduce -6.1% | 0.00% | −0.00 |
| AMGN Amgen Inc. | Reduce -4.1% | 0.00% | −0.00 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.00 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.00 |
| RS Reliance Inc. | Reduce -7.0% | 0.00% | −0.00 |
| A Agilent Technologies Inc. | Reduce -1.5% | 0.00% | −0.00 |
| CPRT Copart Inc. | Reduce -3.7% | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Add +59.4% | 3.67% | +2.15 |
| TRNO Terreno Realty Corp. | New | 2.09% | +2.09 |
| AMAT Applied Materials Inc. | Add +1835280.0% | 2.08% | +2.08 |
| MSFT Microsoft Corp. | Add +11.8% | 7.04% | +1.87 |
| SNPS Synopsys Inc. | New | 1.41% | +1.41 |
| LH Labcorp Holdings Inc. | New | 1.28% | +1.28 |
| DHR Danaher Corp. | Add +87.7% | 2.96% | +1.18 |
| CPAY Corpay Inc. | New | 0.87% | +0.87 |
| SITM Sitime Corp. | New | 0.64% | +0.64 |
| LHX L3HARRIS Technologies Inc. | Add +22.9% | 2.37% | +0.62 |
| VCEL Vericel Corp. | New | 0.60% | +0.60 |
| AFRM Affirm Holdings Inc. | New | 0.55% | +0.55 |
| AMZN Amazon.com Inc. | Add +5.8% | 4.82% | +0.52 |
| TREX Trex Company Inc. | New | 0.52% | +0.52 |
| SPXC SPX Technologies Inc. | New | 0.51% | +0.51 |
| APD Air Products & Chemicals Inc. | Add +40.3% | 2.61% | +0.49 |
| CECO Ceco Environmental Corp. | New | 0.45% | +0.45 |
| BOOT Boot Barn Holdings Inc. | New | 0.43% | +0.43 |
| RBRK Rubrik Inc. Class A | New | 0.43% | +0.43 |
| LAMR Lamar Advertising Co. Class A | Add +29.1% | 1.99% | +0.42 |
| AX Axos Financial Inc. | New | 0.40% | +0.40 |
| HNGE Hinge Health Inc. Class A | New | 0.38% | +0.38 |
| AME Ametek Inc. | Add +31.9% | 1.66% | +0.36 |
| PLMR Palomar Holdings Inc. | New | 0.36% | +0.36 |
| ADMA Adma Biologics Inc. | New | 0.33% | +0.33 |
| INTU Intuit Inc. | Add +0.3% | 2.11% | +0.33 |
| JPM JPMorgan Chase & Co. | Add +2.4% | 2.55% | +0.26 |
| CAVA Cava Group Inc. | New | 0.26% | +0.26 |
| TTAN Servicetitan Inc. Class A | New | 0.23% | +0.23 |
| AORT Artivion Inc. | New | 0.23% | +0.23 |
| GKOS Glaukos Corp. | Add +59.6% | 0.60% | +0.21 |
| META Meta Platforms Inc. Class A | Add +0.5% | 1.17% | +0.18 |
| BA The Boeing Co. | Add +0.5% | 1.44% | +0.17 |
| TPB Turning Point Brands Inc. | New | 0.17% | +0.17 |
| ACMR Acm Research Inc. Class A | Add +27.1% | 0.43% | +0.10 |
| LEVI Levi Strauss & Co. Class A | New | 0.06% | +0.06 |
| SLB SLB Ltd. | Add +48083.3% | 0.03% | +0.03 |
| COST Costco Wholesale Corp. | Add +55.3% | 0.05% | +0.02 |
| MS Morgan Stanley | Add +304.1% | 0.02% | +0.02 |
| PNC PNC Financial Services Group | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +432.1% | 0.02% | +0.01 |
| CSCO Cisco Systems Inc. | Add +5011.7% | 0.01% | +0.01 |
| MRSH Marsh & McLennan Cos | Add +18440.0% | 0.01% | +0.01 |
| WFC Wells Fargo & Co. | Add +123.6% | 0.02% | +0.01 |
| ISRG Intuitive Surgical Inc. | New | 0.01% | +0.01 |
| KLAC KLA Corp. | New | 0.01% | +0.01 |
| SO The Southern Co. | Add +13106.7% | 0.01% | +0.01 |
| BKNG Booking Holdings Inc. | New | 0.01% | +0.01 |
| T AT&T Inc. | Add +4352.9% | 0.01% | +0.01 |
| GD General Dynamics Corp. | New | 0.01% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | Sold out | 84,881,000 | $84.9Mbefore exit |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +1.4% | 70,305,000 | $66.7M |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | New | 52,201,000 | $51.7M |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | Add +7.2% | 37,142,000 | $36.9M |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | Sold out | 21,388,000 | $21.4Mbefore exit |
| NVO Novo-Nordisk A/S-Spons ADR | ADR · principal | Sold out | 228,690 | $15.9Mbefore exit |
| NVS Novartis AG-Sponsored ADR | SPONSORED ADR · principal | Add +1.3% | 88,341 | $10.7M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -28.6% | 5,000,000 | $5.1M |
| SCHB Schwab US Broad Market ETF | US BRD MKT ETF · principal | Reduce -22.2% | 99,437 | $2.4M |
| VOO Vanguard S&P 500 ETF | S&P 500 ETF SHS · principal | Reduce -17.5% | 3,064 | $1.7M |
| IEFA iShares Core MSCI Eafe ETF | CORE MSCI EAFE · principal | New | 11,675 | $975K |
| XLK SS Technology Select Sector | ST STR TECHN ETF · principal | Reduce -13.4% | 2,591 | $656K |
| FTGC First Trust Global Tactical | FST TR GLB FD · principal | Add +0.3% | 25,742 | $635K |
| NOBL Proshares S&P 500 Dividend A | S&P 500 DV ARIST · principal | Reduce -9.7% | 2,366 | $238K |
| IGM iShares Expanded Tech Sector | EXPND TEC SC ETF · principal | Reduce -68.0% | 2,053 | $231K |
| VXUS Vanguard Total Intl Stock | VG TL INTL STK F · principal | Add +0.7% | 2,756 | $190K |
| VTI VG Morningstar TS MKT ETF-US | TOTAL STK MKT · principal | Sold out | 595 | $164Kbefore exit |
| SCHM Schwab US Mid Cap ETF | US MID-CAP ETF · principal | Sold out | 6,132 | $161Kbefore exit |
| FNDA Schwab Fndmntl US SM Co. ETF | FUNDAMENTAL US S · principal | Sold out | 3,972 | $109Kbefore exit |
| VXF Vanguard Extended Market ETF | EXTEND MKT ETF · principal | Reduce -44.4% | 468 | $90K |
| VUG Vanguard Mrngstar GR ETF-Sui | GROWTH ETF · principal | Add +9.8% | 135 | $59K |
| GLD SPDR Gold Shares | GOLD SHS · principal | New | 159 | $48K |
| CNTA Centessa Pharmaceuticals Ltd. | SPONSORED ADS · principal | Sold out | 3,276 | $47Kbefore exit |
| VDE Vanguard Energy ETF | ENERGY ETF · principal | New | 34 | $4K |
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 | 200 | $1.8B | GOOG, AAPL, AMZN, AMAT, ADI |
| Q1 2026 | 197 | $1.6B | GOOG, AMZN, MSFT, AMAT, AVGO |
| Q4 2025 | 238 | $1.7B | GOOG, MSFT, AMZN, AVGO, V |
| Q3 2025 | 240 | $1.7B | GOOG, MSFT, AMZN, AVGO, AZO |
| Q2 2025 | 247 | $1.6B | MSFT, GOOG, AMZN, AVGO, V |
| Q1 2025Amended | 298 | $1.5B | MSFT, GOOG, AMZN, V, UNH |
| Q4 2024Amended | 157 | $1.6B | GOOG, MSFT, AMZN, V, AVGO |
| Q3 2024 | 159 | $1.7B | MSFT, GOOG, AMZN, PGR, BDX |
| Q2 2024 | 162 | $1.5B | MSFT, GOOG, AMZN, ADI, TGT |
| Q1 2024 | 160 | $1.5B | MSFT, GOOG, AMZN, TGT, MU |