Osterweis Capital Management Inc.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Osterweis Capital Management Inc. reported 200 stock positions worth $1.8 billion. Its top holding was Alphabet Class C (GOOG) at 6.2% of the portfolio, followed by Apple (AAPL, 3.8%) and Amazon.com (AMZN, 3.3%). Compared with Q1 2026, it opened 14 new positions, sold out of 11, added to 25 and reduced 84. The biggest buy was Apple (AAPL, shares +426%) and the biggest sale an exit from Brown & Brown (BRO).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001007524
Portfolio Value
$1.8B (Q2 2026)
SEC Filing
0001007524-26-000003 ↗ filed Aug 14, 2026

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.7B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.6B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $1.7B Q4 2025 Q1 2026: $1.6B Q1 2026 Q2 2026: $1.8B $1.8B Q2 2026

Holdings 200 stocks · $1.8B
GOOG Alphabet Inc. Class C 6.18% 322,182 $113.8M Reduce -1.5%
AAPL Apple Inc. 3.77% 239,818 $69.4M Add +426.2%
AMZN Amazon.com Inc. 3.27% 252,721 $60.2M Reduce -2.5%
AMAT Applied Materials Inc. 3.19% 81,318 $58.8M Reduce -42.8%
ADI Analog Devices Inc. 2.92% 135,169 $53.7M Reduce -10.0%
MSFT Microsoft Corp. 2.85% 140,900 $52.6M Reduce -2.6%
LLY Eli Lilly & Co. 2.84% 43,596 $52.3M Reduce -2.7%
AVGO Broadcom Inc. 2.78% 135,358 $51.1M Reduce -12.7%
V Visa Inc. Class A 2.65% 142,213 $48.8M Reduce -1.2%
WCN Waste Connections Inc. 2.52% 278,498 $46.4M Add +15.7%
JPM JPMorgan Chase & Co. 2.49% 140,002 $45.8M Reduce -1.0%
NVDA Nvidia Corp. 2.42% 222,332 $44.5M Reduce -2.8%
AZO AutoZone Inc. 2.17% 12,513 $40.0M Reduce -0.7%
USFD US Foods Holding Corp. 1.96% 353,146 $36.1M Reduce -0.3%
DHR Danaher Corp. 1.92% 186,015 $35.4M Reduce -2.6%
ABBV Abbvie Inc. 1.84% 134,915 $34.0M Add +25.5%
TRNO Terreno Realty Corp. 1.79% 508,667 $32.9M Reduce -8.5%
AWK American Water Works Co. Inc. 1.78% 249,175 $32.8M Reduce -2.8%
BA The Boeing Co. 1.73% 146,792 $31.8M Add +34.5%
PGR Progressive Corp. 1.69% 142,193 $31.1M Reduce -1.8%
LAMR Lamar Advertising Co. Class A 1.67% 197,476 $30.8M Reduce -1.9%
BSX Boston Scientific Corp. 1.64% 708,949 $30.3M Add +60.3%
SNPS Synopsys Inc. 1.64% 67,599 $30.2M Add +53.5%
AME Ametek Inc. 1.52% 115,696 $28.0M Reduce -1.0%
FERG Ferguson Enterprises Inc. 1.49% 115,641 $27.4M Reduce -1.8%
DE Deere & Co. 1.48% 43,068 $27.3M Reduce -1.0%
NVR NVR Inc. 1.47% 3,962 $27.0M Add +45.4%
CP Canadian Pacific Kansas City 1.43% 304,752 $26.4M Reduce -5.4%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.15% 91,965 $21.1M New
APD Air Products & Chemicals Inc. 1.12% 70,429 $20.6M Reduce -38.5%
VCEL Vericel Corp. 0.96% 398,365 $17.7M Reduce -0.7%
LTH Life Time Group Holdings Inc. 0.95% 429,210 $17.5M Reduce -17.4%
SPXC SPX Technologies Inc. 0.95% 71,108 $17.4M Add +45.2%
NOVT Novanta Inc. 0.93% 105,125 $17.1M Reduce -1.8%
CDNL Cardinal Infrastructure GR-A 0.92% 179,516 $16.9M Add +5.6%
SLB SLB Ltd. filed as SLB LIMITED 0.92% 363,472 $16.9M Reduce -2.6%
TWLO Twilio Inc. Class A 0.90% 80,590 $16.6M Add +22.2%
VSEC Vse Corp. 0.89% 71,699 $16.4M Reduce -1.3%
AX Axos Financial Inc. 0.88% 165,685 $16.1M Add +1.2%
LOAR Loar Holdings Inc. 0.83% 188,865 $15.2M Add +36.5%
RGEN Repligen Corp. 0.82% 110,995 $15.1M Add +20.4%
KEYS Keysight Technologies Inc. 0.80% 42,323 $14.8M Reduce -63.3%
GH Guardant Health Inc. 0.79% 97,320 $14.6M Reduce -34.7%
BROS Dutch Bros Inc. Class A 0.79% 201,610 $14.5M New
ALHC Alignment Healthcare Inc. 0.78% 604,000 $14.4M Add +74.1%
DOCN Digitalocean Holdings Inc. 0.78% 91,535 $14.4M Reduce -21.1%
ATRC Atricure Inc. 0.76% 501,355 $14.0M Add +43.4%
META Meta Platforms Inc. Class A 0.76% 24,876 $14.0M Reduce -0.7%
CPAY Corpay Inc. 0.74% 40,873 $13.6M Reduce -2.4%
BOOT Boot Barn Holdings Inc. 0.72% 81,015 $13.3M Add +38.1%
FSV Firstservice Corp. 0.71% 91,739 $13.0M Add +41.4%
AFRM Affirm Holdings Inc. 0.70% 157,605 $12.9M Add +159.4%
SITM Sitime Corp. 0.68% 16,670 $12.4M Reduce -33.7%
TRNS Transcat Inc. 0.67% 132,797 $12.3M Add +32.2%
LSCC Lattice Semiconductor Corp. 0.66% 79,865 $12.2M Reduce -24.6%
CWST Casella Waste Systems Inc. Class A 0.65% 123,055 $11.9M Reduce -17.0%
TWST Twist Bioscience Corp. 0.62% 111,458 $11.5M Reduce -47.2%
MU Micron Technology Inc. 0.56% 8,964 $10.3M Add +4617.9%
SMTC Semtech Corp. 0.53% 60,445 $9.8M New
MTSI Macom Technology Solutions H 0.52% 25,396 $9.7M Reduce -30.5%
TTAN Servicetitan Inc. Class A 0.52% 135,580 $9.6M Add +127.9%
ICE Intercontinental Exchange Inc. 0.51% 76,744 $9.4M Reduce -56.6%
NXT Nextpower Inc. 0.48% 74,675 $8.9M Reduce -9.3%
HNGE Hinge Health Inc. Class A 0.47% 103,545 $8.6M Reduce -50.8%
NAVN Navan Inc. Class A 0.42% 337,640 $7.7M New
BAC Bank of America Corp. 0.40% 128,256 $7.3M New
LH Labcorp Holdings Inc. 0.38% 25,240 $7.1M Reduce -67.2%
PSA Public Storage 0.36% 20,963 $6.7M Reduce -73.4%
COGT Cogent Biosciences Inc. 0.36% 172,085 $6.7M Add +14.1%
DAVE Dave Inc. 0.36% 17,672 $6.6M New
MEC Mayville Engineering Co. Inc. 0.36% 174,600 $6.5M New
AGYS Agilysys Inc. 0.35% 62,440 $6.5M New
LHX L3HARRIS Technologies Inc. 0.35% 22,267 $6.5M Reduce -75.2%
TPB Turning Point Brands Inc. 0.35% 76,076 $6.5M Add +29.2%
WAY Waystar Holding Corp. 0.31% 281,360 $5.8M New
GKOS Glaukos Corp. 0.31% 40,539 $5.7M Reduce -57.3%
GLXY Galaxy Digital Inc. Class A 0.29% 194,339 $5.3M New
CECO Ceco Environmental Corp. 0.26% 51,772 $4.7M Reduce -77.2%
ARWR Arrowhead Pharmaceuticals Inc. 0.22% 50,315 $4.1M New
PRCT Procept Biorobotics Corp. 0.20% 167,095 $3.8M Add +64.9%
BRK.A Berkshire Hathaway Inc. Class A 0.20% 5 $3.7M No change
CHYM Chime Financial Inc. Class A 0.18% 164,890 $3.4M Reduce -19.6%
EPD Enterprise Products Partners 0.18% 87,815 $3.2M No change
BRK.B Berkshire Hathaway Inc. Class B 0.14% 5,192 $2.6M Reduce -1.7%
PG The Procter & Gamble Co. 0.13% 15,963 $2.3M Reduce -1.0%
ADSK Autodesk Inc. 0.13% 12,000 $2.3M Reduce -14.3%
GOOGL Alphabet Inc. Class A 0.09% 4,511 $1.6M Reduce -9.4%
FICO Fair Isaac Corp. 0.08% 1,292 $1.5M No change
XOM Exxon Mobil Corp. 0.07% 9,494 $1.3M Reduce -12.1%
ESS Essex Property Trust Inc. 0.06% 4,000 $1.2M No change
JNJ Johnson & Johnson 0.06% 4,431 $1.1M No change
UNP Union Pacific Corp. 0.06% 4,003 $1.1M No change
PLTR Palantir Technologies Inc. Class A 0.06% 9,042 $1.1M Reduce -1.7%
WDAY Workday Inc. Class A 0.04% 6,493 $795K Reduce -49.0%
KLAC KLA Corp. 0.04% 2,180 $658K No change
AXP American Express Co. 0.03% 1,515 $512K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.02% 6,331 $447K No change
MS Morgan Stanley 0.02% 2,128 $445K Reduce -6.6%
TSLA Tesla Inc. 0.02% 1,034 $435K No change
CLX Clorox Company 0.02% 4,411 $421K No change
COST Costco Wholesale Corp. 0.02% 432 $404K Reduce -5.0%
HD Home Depot Inc. 0.02% 1,089 $384K Reduce -7.6%
CSCO Cisco Systems Inc. 0.02% 3,067 $360K No change
WMT Walmart Inc. 0.02% 3,072 $348K No change
LRCX Lam Research Corp. 0.02% 796 $345K No change
MRK Merck & Co. Inc. 0.02% 2,511 $323K Reduce -40.0%
RTX RTX Corp. 0.01% 1,436 $272K Reduce -11.6%
ORCL Oracle Corp. 0.01% 1,845 $270K No change
ABNB Airbnb Inc. Class A 0.01% 1,715 $245K No change
CR Crane Co. 0.01% 1,095 $244K Reduce -17.4%
CRWD CrowdStrike Holdings Inc. Class A 0.01% 286 $218K No change
PWR Quanta Services Inc. 0.01% 300 $216K No change
VRT Vertiv Holdings Co. Class A 0.01% 579 $194K No change
C Citigroup Inc. 0.01% 1,314 $184K No change
NSC Norfolk Southern Corp. 0.01% 582 $183K No change
PH Parker Hannifin Corp. 0.01% 187 $183K No change
MCK McKesson Corp. 0.01% 226 $171K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 1,104 $167K No change
MAR Marriott International Class A 0.01% 420 $156K Add +191.7%
WFC Wells Fargo & Co. 0.01% 1,783 $147K Reduce -58.6%
ISRG Intuitive Surgical Inc. 0.01% 368 $146K No change
ORLY O'reilly Automotive Inc. 0.01% 1,515 $140K No change
PLD Prologis Inc. 0.01% 1,020 $138K No change
FAST Fastenal Co. 0.01% 2,553 $123K No change
BNY Bank of New York Mellon Corp. 0.01% 808 $117K Reduce -32.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 1,205 $116K Reduce -24.7%
ABT Abbott Laboratories 0.01% 1,265 $115K No change
EME Emcor Group Inc. 0.01% 136 $113K No change
BKNG Booking Holdings Inc. 0.01% 625 $111K No change
PNC PNC Financial Services Group 0.01% 449 $111K Reduce -50.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 354 $100K No change
CVX Chevron Corp. 0.01% 598 $99K No change
CAT Caterpillar Inc. 0.01% 91 $97K No change
SPCX Space Exploration Techn Class A 0.01% 550 $94K New
ODFL Old Dominion Freight Line 0.01% 432 $94K Reduce -28.7%
HASI Ha Sustainable Infrastructur 0.01% 2,390 $93K No change
GD General Dynamics Corp. 0.01% 262 $93K Reduce -55.9%
LYFT LYFT Inc. Class A 0.00% 6,099 $89K No change
VLO Valero Energy Corp. 0.00% 341 $89K No change
AMD Advanced Micro Devices 0.00% 150 $87K No change
MRSH Marsh & McLennan Cos 0.00% 513 $86K No change
HEI Heico Corp. 0.00% 227 $81K Reduce -34.0%
NFLX Netflix Inc. 0.00% 1,100 $79K Reduce -15.4%
MSCI MSCI Inc. 0.00% 137 $77K No change
SMMT Summit Therapeutics Inc. 0.00% 5,000 $73K No change
ETR Entergy Corp. 0.00% 626 $72K No change
ESE Esco Technologies Inc. 0.00% 205 $72K No change
CMI Cummins Inc. 0.00% 95 $68K No change
RJF Raymond James Financial Inc. 0.00% 445 $68K Reduce -20.5%
PM Philip Morris International 0.00% 357 $65K No change
RBC RBC Bearings Inc. 0.00% 100 $64K Reduce -52.8%
UBER Uber Technologies Inc. 0.00% 857 $62K Reduce -35.5%
NOC Northrop Grumman Corp. 0.00% 119 $61K No change
BLK BlackRock Inc. 0.00% 62 $60K No change
CME Cme Group Inc. 0.00% 258 $57K No change
HWM Howmet Aerospace Inc. 0.00% 208 $56K No change
NN Nextnav Inc. 0.00% 3,071 $55K Reduce -53.0%
TXN Texas Instruments Inc. 0.00% 180 $54K No change
COP Conocophillips 0.00% 511 $53K No change
SHOP Shopify Inc. Class A 0.00% 463 $53K No change
IR Ingersoll-Rand Inc. 0.00% 631 $52K No change
EQT Eqt Corp. 0.00% 921 $49K No change
NFGC New Found Gold Corp. 0.00% 31,250 $48K No change
GS Goldman Sachs Group Inc. 0.00% 43 $43K No change
AEM Agnico Eagle Mines Ltd. 0.00% 278 $43K Reduce -53.0%
A Agilent Technologies Inc. 0.00% 324 $43K No change
PRIM Primoris Services Corp. 0.00% 431 $43K No change
NDAQ Nasdaq Inc. 0.00% 539 $42K No change
AMGN Amgen Inc. 0.00% 117 $42K No change
RS Reliance Inc. 0.00% 111 $41K No change
WM Waste Management Inc. 0.00% 181 $40K No change
MLM Martin Marietta Materials 0.00% 68 $39K No change
ELS Equity Lifestyle Properties 0.00% 593 $38K Reduce -41.2%
CRM Salesforce Inc. 0.00% 236 $37K Reduce -53.0%
ADBE Adobe Inc. 0.00% 176 $36K No change
ALGN Align Technology Inc. 0.00% 211 $36K No change
AB Alliancebernstein Holding LP 0.00% 998 $35K Reduce -53.0%
CSL Carlisle Cos Inc. 0.00% 96 $35K No change
QXO Qxo Inc. 0.00% 1,995 $34K Reduce -53.0%
EFX Equifax Inc. 0.00% 210 $33K No change
FISV Fiserv Inc. 0.00% 645 $32K No change
PEP Pepsico Inc. 0.00% 230 $31K No change
PLSE Pulse Biosciences Inc. 0.00% 1,000 $28K No change
PPTA Perpetua Resources Corp. 0.00% 1,232 $26K Reduce -53.0%
IDA Idacorp Inc. 0.00% 166 $25K Reduce -52.8%
COLB Columbia Banking System Inc. 0.00% 730 $23K Reduce -53.0%
SF Stifel Financial Corp. 0.00% 318 $22K No change
SPRY Ars Pharmaceuticals Inc. 0.00% 2,637 $21K Reduce -53.0%
TMC TMC the Metals Co. Inc. 0.00% 4,675 $21K No change
RIVN Rivian Automotive Inc. Class A 0.00% 1,175 $20K No change
LPLA LPL Financial Holdings Inc. 0.00% 70 $20K No change
BR Broadridge Financial Solutio 0.00% 143 $20K Reduce -28.1%
SNAP Snap Inc. Class A 0.00% 4,000 $18K No change
NMAX Newsmax Inc. 0.00% 2,120 $18K No change
PTC PTC Inc. 0.00% 136 $15K Reduce -52.9%
BXSL Blackstone Secured Lending F 0.00% 598 $14K Reduce -53.0%
VRTX Vertex Pharmaceuticals Inc. 0.00% 21 $10K No change
TMO Thermo Fisher Scientific Inc. 0.00% 11 $6K Reduce -87.5%
VAC Marriott Vacations World 0.00% 21 $2K New
HST Host Hotels & Resorts Inc. 0.00% 1 $24 New
Other holdings (31): bonds, preferreds, convertibles and warrants · $279.8M (not counted above)
SecurityClassShares / PrincipalValueChange
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 63,260,000$62.2MAdd +26.5%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 57,500,000$56.6MNo change
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 40,571,000$40.3MAdd +19.8%
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 35,377,000$34.1MNew
ZIFF DAVIS INC (ZD 1.75 11/01/26) NOTE 1.750%11/0 · principal 30,595,000$30.3MNo change
UPWORK INC (UPWK 0.25 08/15/26) NOTE 0.250% 8/1 · principal 14,680,000$14.6MNo change
WORKIVA INC (WK 1.125 08/15/26) NOTE 1.125% 8/1 · principal 13,436,000$13.4MNew
NVS Novartis AG-Sponsored ADR SPONSORED ADR · principal 82,396$12.9MReduce -1.7%
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 7,750,000$7.1MNo change
VOO Vanguard S&P 500 ETF S&P 500 ETF SHS · principal 2,317$1.6MAdd +33.3%
SCHB Schwab US Broad Market ETF US BRD MKT ETF · principal 49,067$1.4MReduce -15.0%
XLK SS Technology Select Sector ST STR TECHN ETF · principal 5,182$987KNo change
FTGC First Trust Global Tactical FST TR GLB FD · principal 19,412$525KReduce -18.7%
HYS PIMCO 0-5 Year H/Y Corp. Bond 0-5 HIGH YIELD · principal 5,370$502KNo change
VXUS Vanguard Total Intl Stock VG TL INTL STK F · principal 5,371$459KReduce -11.2%
ISTB iShares Core 1-5 Year Usd Bo CORE 1 5 YR USD · principal 9,000$434KNo change
QQQ Invesco QQQ Trust Series 1 UNIT SER 1 · principal 551$406KNew
IGM iShares Expanded Tech Sector EXPND TEC SC ETF · principal 2,005$328KAdd +6.1%
IEFA iShares Core MSCI Eafe ETF CORE MSCI EAFE · principal 2,210$213KReduce -64.6%
VXF Vanguard Extended Market ETF EXTEND MKT ETF · principal 858$211KAdd +27.5%
VUG Vanguard Mrngstar GR ETF-Sui GROWTH ETF · principal 2,310$199KAdd +169.2%
VIOO Vanguard S&P Small-Cap 600 E SMLLCP 600 IDX · principal 1,342$185KReduce -13.0%
GLD SPDR Gold Shares GOLD SHS · principal 427$157KNo change
BIL SS SPDR BB 1-3M T-Bill ETF ST STR BLO 1 ETF · principal 1,582$145KReduce -53.0%
TSM Taiwan Semiconductor-SP ADR SPONSORED ADS · principal 281$134KReduce -40.6%
BND Vanguard Total Bond Market TOTAL BND MRKT · principal 1,578$116KNew
VGSH Vanguard Short-Term Treasury SHORT TERM TREAS · principal 1,341$78KReduce -53.0%
IBIT iShares Bitcoin Trust ETF SHS BEN INT · principal 2,267$75KAdd +12.4%
IVV iShares Core S&P 500 ETF CORE S&P500 ETF · principal 100$75KNo change
KWEB Kranesh Csi China Internet CSI CHI INTERNET · principal 1,077$26KReduce -53.0%
ETHA iShares Ethereum Trust ETF SHS · principal 735$9KNo change

Total filed on the 13F, all lines: $2.1B.

Portfolio Sells Q1 2026 → Q2 2026
BRO Brown & Brown Inc. Sold out 0.00% −1.60
LHX L3HARRIS Technologies Inc. Reduce -75.2% 0.35% −1.57
KEYS Keysight Technologies Inc. Reduce -63.3% 0.80% −1.21
ICE Intercontinental Exchange Inc. Reduce -56.6% 0.51% −1.21
PSA Public Storage Reduce -73.4% 0.36% −0.96
APD Air Products & Chemicals Inc. Reduce -38.5% 1.12% −0.94
LH Labcorp Holdings Inc. Reduce -67.2% 0.38% −0.89
CECO Ceco Environmental Corp. Reduce -77.2% 0.26% −0.58
AORT Artivion Inc. Sold out 0.00% −0.54
PLMR Palomar Holdings Inc. Sold out 0.00% −0.50
AZO AutoZone Inc. Reduce -0.7% 2.17% −0.46
MOD Modine Manufacturing Co. Sold out 0.00% −0.46
MSFT Microsoft Corp. Reduce -2.6% 2.85% −0.46
RMBS Rambus Inc. Sold out 0.00% −0.45
CAVA Cava Group Inc. Sold out 0.00% −0.42
AWK American Water Works Co. Inc. Reduce -2.8% 1.78% −0.38
GKOS Glaukos Corp. Reduce -57.3% 0.31% −0.32
TRNO Terreno Realty Corp. Reduce -8.5% 1.79% −0.32
DHR Danaher Corp. Reduce -2.6% 1.92% −0.32
SLB SLB Ltd. Reduce -2.6% 0.92% −0.27
FSLY Fastly Inc. Class A Sold out 0.00% −0.23
FERG Ferguson Enterprises Inc. Reduce -1.8% 1.49% −0.21
AVGO Broadcom Inc. Reduce -12.7% 2.78% −0.19
CP Canadian Pacific Kansas City Reduce -5.4% 1.43% −0.13
NXT Nextpower Inc. Reduce -9.3% 0.48% −0.13
META Meta Platforms Inc. Class A Reduce -0.7% 0.76% −0.13
PGR Progressive Corp. Reduce -1.8% 1.69% −0.09
JPM JPMorgan Chase & Co. Reduce -1.0% 2.49% −0.09
ADSK Autodesk Inc. Reduce -14.3% 0.13% −0.08
CWST Casella Waste Systems Inc. Class A Reduce -17.0% 0.65% −0.08
AMZN Amazon.com Inc. Reduce -2.5% 3.27% −0.07
WDAY Workday Inc. Class A Reduce -49.0% 0.04% −0.06
USFD US Foods Holding Corp. Reduce -0.3% 1.96% −0.06
GH Guardant Health Inc. Reduce -34.7% 0.79% −0.06
CHYM Chime Financial Inc. Class A Reduce -19.6% 0.18% −0.05
NVDA Nvidia Corp. Reduce -2.8% 2.42% −0.05
XOM Exxon Mobil Corp. Reduce -12.1% 0.07% −0.04
ADI Analog Devices Inc. Reduce -10.0% 2.92% −0.04
V Visa Inc. Class A Reduce -1.2% 2.65% −0.04
HNGE Hinge Health Inc. Class A Reduce -50.8% 0.47% −0.03
DE Deere & Co. Reduce -1.0% 1.48% −0.03
AME Ametek Inc. Reduce -1.0% 1.52% −0.03
PLTR Palantir Technologies Inc. Class A Reduce -1.7% 0.06% −0.03
PG The Procter & Gamble Co. Reduce -1.0% 0.13% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.7% 0.14% −0.02
CPAY Corpay Inc. Reduce -2.4% 0.74% −0.01
MRK Merck & Co. Inc. Reduce -40.0% 0.02% −0.01
WFC Wells Fargo & Co. Reduce -58.6% 0.01% −0.01
GD General Dynamics Corp. Reduce -55.9% 0.01% −0.01
SPGI S&P Global Inc. Sold out 0.00% −0.01

Portfolio Buys Q1 2026 → Q2 2026
AAPL Apple Inc. Add +426.2% 3.77% +3.05
AJG Arthur J Gallagher & Co. New 1.15% +1.15
BROS Dutch Bros Inc. Class A New 0.79% +0.79
MU Micron Technology Inc. Add +4617.9% 0.56% +0.56
SNPS Synopsys Inc. Add +53.5% 1.64% +0.56
SMTC Semtech Corp. New 0.53% +0.53
AFRM Affirm Holdings Inc. Add +159.4% 0.70% +0.53
CDNL Cardinal Infrastructure GR-A Add +5.6% 0.92% +0.50
NAVN Navan Inc. Class A New 0.42% +0.42
ALHC Alignment Healthcare Inc. Add +74.1% 0.78% +0.40
ABBV Abbvie Inc. Add +25.5% 1.84% +0.40
BAC Bank of America Corp. New 0.40% +0.40
TWLO Twilio Inc. Class A Add +22.2% 0.90% +0.39
BA The Boeing Co. Add +34.5% 1.73% +0.38
DAVE Dave Inc. New 0.36% +0.36
MEC Mayville Engineering Co. Inc. New 0.36% +0.36
NVR NVR Inc. Add +45.4% 1.47% +0.36
AGYS Agilysys Inc. New 0.35% +0.35
SPXC SPX Technologies Inc. Add +45.2% 0.95% +0.34
LOAR Loar Holdings Inc. Add +36.5% 0.83% +0.34
WAY Waystar Holding Corp. New 0.31% +0.31
GLXY Galaxy Digital Inc. Class A New 0.29% +0.29
TTAN Servicetitan Inc. Class A Add +127.9% 0.52% +0.29
ARWR Arrowhead Pharmaceuticals Inc. New 0.22% +0.22
TRNS Transcat Inc. Add +32.2% 0.67% +0.21
BOOT Boot Barn Holdings Inc. Add +38.1% 0.72% +0.19
FSV Firstservice Corp. Add +41.4% 0.71% +0.15
RGEN Repligen Corp. Add +20.4% 0.82% +0.15
ATRC Atricure Inc. Add +43.4% 0.76% +0.14
WCN Waste Connections Inc. Add +15.7% 2.52% +0.10
PRCT Procept Biorobotics Corp. Add +64.9% 0.20% +0.05
TPB Turning Point Brands Inc. Add +29.2% 0.35% +0.03
AX Axos Financial Inc. Add +1.2% 0.88% +0.01
MAR Marriott International Class A Add +191.7% 0.01% +0.01
SPCX Space Exploration Techn Class A New 0.01% +0.01
COGT Cogent Biosciences Inc. Add +14.1% 0.36% +0.00
VAC Marriott Vacations World New 0.00% +0.00
HST Host Hotels & Resorts Inc. New 0.00% 0.00
BSX Boston Scientific Corp. Add +60.3% 1.64% −0.07

Notes & Other Activity Q1 2026 → Q2 2026
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal Add +26.5% 63,260,000 $62.2M
JBT MAREL CORP (JBTM 0.25 05/15/26) NOTE 0.250% 5/1 · principal Sold out 41,279,000 $41.2Mbefore exit
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal Add +19.8% 40,571,000 $40.3M
PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) NOTE 2.750% 5/1 · principal Sold out 35,453,000 $35.5Mbefore exit
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal Sold out 35,428,000 $35.3Mbefore exit
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal New 35,377,000 $34.1M
WORKIVA INC (WK 1.125 08/15/26) NOTE 1.125% 8/1 · principal New 13,436,000 $13.4M
NVS Novartis AG-Sponsored ADR SPONSORED ADR · principal Reduce -1.7% 82,396 $12.9M
SIMO Silicon Motion Technol-ADR SPONSORED ADR · principal Sold out 18,660 $2.1Mbefore exit
VOO Vanguard S&P 500 ETF S&P 500 ETF SHS · principal Add +33.3% 2,317 $1.6M
SCHB Schwab US Broad Market ETF US BRD MKT ETF · principal Reduce -15.0% 49,067 $1.4M
FTGC First Trust Global Tactical FST TR GLB FD · principal Reduce -18.7% 19,412 $525K
VXUS Vanguard Total Intl Stock VG TL INTL STK F · principal Reduce -11.2% 5,371 $459K
QQQ Invesco QQQ Trust Series 1 UNIT SER 1 · principal New 551 $406K
IGM iShares Expanded Tech Sector EXPND TEC SC ETF · principal Add +6.1% 2,005 $328K
IEFA iShares Core MSCI Eafe ETF CORE MSCI EAFE · principal Reduce -64.6% 2,210 $213K
VXF Vanguard Extended Market ETF EXTEND MKT ETF · principal Add +27.5% 858 $211K
VUG Vanguard Mrngstar GR ETF-Sui GROWTH ETF · principal Add +169.2% 2,310 $199K
VIOO Vanguard S&P Small-Cap 600 E SMLLCP 600 IDX · principal Reduce -13.0% 1,342 $185K
BIL SS SPDR BB 1-3M T-Bill ETF ST STR BLO 1 ETF · principal Reduce -53.0% 1,582 $145K
TSM Taiwan Semiconductor-SP ADR SPONSORED ADS · principal Reduce -40.6% 281 $134K
BND Vanguard Total Bond Market TOTAL BND MRKT · principal New 1,578 $116K
VGSH Vanguard Short-Term Treasury SHORT TERM TREAS · principal Reduce -53.0% 1,341 $78K
IBIT iShares Bitcoin Trust ETF SHS BEN INT · principal Add +12.4% 2,267 $75K
NOBL Proshares S&P 500 Dividend A S&P 500 DV ARIST · principal Sold out 636 $34Kbefore exit
KWEB Kranesh Csi China Internet CSI CHI INTERNET · principal Reduce -53.0% 1,077 $26K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 200$1.8BGOOG, AAPL, AMZN, AMAT, ADI
Q1 2026 197$1.6BGOOG, AMZN, MSFT, AMAT, AVGO
Q4 2025 238$1.7BGOOG, MSFT, AMZN, AVGO, V
Q3 2025 240$1.7BGOOG, MSFT, AMZN, AVGO, AZO
Q2 2025 247$1.6BMSFT, GOOG, AMZN, AVGO, V
Q1 2025Amended 298$1.5BMSFT, GOOG, AMZN, V, UNH
Q4 2024Amended 157$1.6BGOOG, MSFT, AMZN, V, AVGO
Q3 2024 159$1.7BMSFT, GOOG, AMZN, PGR, BDX
Q2 2024 162$1.5BMSFT, GOOG, AMZN, ADI, TGT
Q1 2024 160$1.5BMSFT, GOOG, AMZN, TGT, MU