Palisade Capital Management, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Palisade Capital Management, LP reported 240 stock positions worth $3.0 billion. Its top holding was Amphenol Class A (APH) at 2.3% of the portfolio, followed by Apple (AAPL, 2.1%) and Raymond James Financial (RJF, 1.9%). Compared with Q3 2025, it opened 38 new positions, sold out of 17, added to 53 and reduced 137. The biggest buy was iShares 1-5Y Inv Grade (IGSB, shares +54%) and the biggest sale an exit from CSG Systems Intl (CSGS).
- Most Recent 13F
- Q2 2026
- Location
- FORT LEE, NJ
- CIK
- 0001009006
- Portfolio Value
- $3.0B (Q4 2025)
- SEC Filing
- 0001009006-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 240 stocks · $3.0B
| APH Amphenol Corp. Class A | 2.30% | 512,773 | $69.3M | Reduce -6.5% |
| AAPL Apple Inc. | 2.11% | 233,800 | $63.6M | Reduce -0.2% |
| RJF Raymond James Financial Inc. | 1.87% | 349,907 | $56.2M | Reduce -7.5% |
| MLI Mueller Industries Inc. | 1.77% | 463,985 | $53.3M | Reduce -21.5% |
| IDA Idacorp Inc. | 1.71% | 406,779 | $51.5M | Reduce -10.7% |
| AIT Applied Industrial Tech Inc. | 1.71% | 199,853 | $51.3M | Reduce -10.4% |
| NVDA Nvidia Corp. | 1.64% | 265,235 | $49.5M | Add +0.3% |
| HEI.A Heico Corp. Class A | 1.50% | 179,084 | $45.2M | Reduce -1.1% |
| MSFT Microsoft Corp. | 1.48% | 92,256 | $44.6M | Add +2.0% |
| SMTC Semtech Corp. | 1.44% | 587,696 | $43.3M | Add +3.8% |
| GOOG Alphabet Inc. Class C | 1.42% | 136,080 | $42.7M | Add +0.9% |
| LFUS Littelfuse Inc. | 1.36% | 162,128 | $41.0M | Reduce -3.2% |
| JPM JPMorgan Chase & Co. | 1.29% | 120,249 | $38.7M | Reduce -1.8% |
| RGEN Repligen Corp. | 1.26% | 232,196 | $38.0M | Reduce -11.3% |
| HCSG Healthcare Services Group | 1.22% | 1,927,445 | $36.9M | Reduce -10.5% |
| ACIW Aci Worldwide Inc. | 1.21% | 760,346 | $36.4M | Reduce -10.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.21% | 686,181 | $36.3M | Add +53.8% |
| WSFS WSFS Financial Corp. | 1.16% | 633,974 | $35.0M | Reduce -11.0% |
| PB Prosperity Bancshares Inc. | 1.16% | 505,575 | $34.9M | Add +0.4% |
| DHR Danaher Corp. | 1.15% | 151,658 | $34.7M | Reduce -1.2% |
| EGP Eastgroup Properties Inc. | 1.13% | 191,536 | $34.1M | Reduce -10.5% |
| WWD Woodward Inc. | 1.13% | 112,075 | $33.9M | Reduce -26.0% |
| VNT Vontier Corp. | 1.06% | 856,699 | $31.9M | Reduce -2.9% |
| NGVT Ingevity Corp. | 1.04% | 529,585 | $31.3M | Reduce -10.9% |
| VRRM Verra Mobility Corp. | 1.03% | 1,383,319 | $31.0M | Reduce -10.7% |
| BLKB Blackbaud Inc. | 1.03% | 488,033 | $30.9M | Reduce -13.3% |
| CFR Cullen/Frost Bankers Inc. | 0.99% | 236,110 | $29.9M | Reduce -10.8% |
| V Visa Inc. Class A | 0.99% | 84,889 | $29.8M | Reduce 0.0% |
| CCC CCC Intelligent Solutions Ho | 0.99% | 3,740,484 | $29.7M | Add +0.0% |
| COLB Columbia Banking System Inc. | 0.99% | 1,062,037 | $29.7M | Reduce -10.7% |
| OSW Onespaworld Holdings Ltd. | 0.97% | 1,407,997 | $29.2M | Reduce -10.6% |
| RNST Renasant Corp. | 0.96% | 822,499 | $29.0M | Reduce -11.3% |
| AVNT Avient Corp. | 0.93% | 899,709 | $28.1M | Reduce -14.9% |
| CMC Commercial Metals Co. | 0.93% | 404,826 | $28.0M | Reduce -10.6% |
| RLI Rli Corp. | 0.92% | 434,283 | $27.8M | Reduce -10.8% |
| AVGO Broadcom Inc. | 0.90% | 77,959 | $27.0M | Reduce -1.1% |
| FNV Franco-Nevada Corp. | 0.89% | 129,664 | $26.9M | Reduce -2.1% |
| AME Ametek Inc. | 0.88% | 128,940 | $26.5M | Reduce -1.8% |
| DBRG Digitalbridge Group Inc. | 0.86% | 1,694,756 | $26.0M | Reduce -13.8% |
| BKE The Buckle Inc. | 0.86% | 482,384 | $25.8M | Reduce -10.7% |
| FA First Advantage Corp. | 0.85% | 1,765,111 | $25.6M | Add +4.7% |
| SAIA Saia Inc. | 0.85% | 78,115 | $25.5M | Add +0.0% |
| ONTO Onto Innovation Inc. | 0.85% | 161,503 | $25.5M | Add +37.4% |
| PFGC Performance Food Group Co. | 0.84% | 282,275 | $25.4M | Reduce -10.5% |
| PRMB Primo Brands Corp. | 0.84% | 1,545,065 | $25.3M | Add +2.7% |
| WLY Wiley (john) & Sons Class A | 0.84% | 822,197 | $25.2M | Reduce -12.7% |
| GOOGL Alphabet Inc. Class A | 0.83% | 80,105 | $25.1M | Reduce -5.8% |
| CWAN Clearwater Analytics HDS-A | 0.82% | 1,017,690 | $24.5M | Add +6.6% |
| FULT Fulton Financial Corp. | 0.81% | 1,261,416 | $24.4M | Reduce -11.1% |
| PFSI Pennymac Financial Services | 0.80% | 183,469 | $24.2M | Reduce -10.4% |
| FOUR SHIFT4 Payments Inc. Class A | 0.79% | 377,410 | $23.8M | Add +13.1% |
| NVST Envista Holdings Corp. | 0.77% | 1,070,485 | $23.2M | Reduce -10.6% |
| BRKR Bruker Corp. | 0.77% | 489,999 | $23.1M | Reduce -34.3% |
| BL Blackline Inc. | 0.76% | 415,444 | $23.0M | Reduce -10.6% |
| AHCO Adapthealth Corp. | 0.76% | 2,291,847 | $22.8M | Reduce -11.9% |
| AMZN Amazon.com Inc. | 0.76% | 98,843 | $22.8M | Add +3.1% |
| AZTA Azenta Inc. | 0.75% | 678,207 | $22.6M | Reduce -15.5% |
| CUZ Cousins Properties Inc. | 0.75% | 872,676 | $22.5M | Reduce -10.7% |
| CSTL Castle Biosciences Inc. | 0.73% | 567,777 | $22.1M | Reduce -11.1% |
| CAKE The Cheesecake Factory Inc. | 0.72% | 429,648 | $21.7M | Reduce -10.7% |
| TDY Teledyne Technologies Inc. | 0.70% | 41,107 | $21.0M | Add +11.2% |
| BLFS Biolife Solutions Inc. | 0.65% | 811,010 | $19.6M | Reduce -10.7% |
| PRG Prog Holdings Inc. | 0.64% | 651,587 | $19.2M | Add +4.2% |
| BFAM Bright Horizons Family Solut | 0.64% | 189,366 | $19.2M | Add +10.9% |
| LKQ LKQ Corp. | 0.63% | 625,603 | $18.9M | Reduce -11.9% |
| RLJ RLJ Lodging Trust | 0.62% | 2,519,344 | $18.8M | Reduce -14.8% |
| ROCK Gibraltar Industries Inc. | 0.62% | 375,674 | $18.6M | Reduce -7.0% |
| SM SM Energy Co. | 0.61% | 988,641 | $18.5M | Reduce -14.8% |
| TXRH Texas Roadhouse Inc. | 0.61% | 111,360 | $18.5M | Reduce -31.6% |
| META Meta Platforms Inc. Class A | 0.61% | 27,877 | $18.4M | Add +17.4% |
| AMD Advanced Micro Devices | 0.61% | 85,094 | $18.2M | Add +0.1% |
| ITGR Integer Holdings Corp. | 0.59% | 227,283 | $17.8M | Add +2.3% |
| KWR Quaker Chemical Corporation | 0.59% | 128,364 | $17.6M | Reduce -13.2% |
| RVLV Revolve Group Inc. Class A | 0.57% | 568,214 | $17.2M | Reduce -10.8% |
| ROP Roper Technologies Inc. | 0.57% | 38,375 | $17.1M | Reduce -8.3% |
| NOG Northern Oil and Gas Inc. | 0.56% | 791,676 | $17.0M | Reduce -14.8% |
| ICE Intercontinental Exchange Inc. | 0.56% | 103,971 | $16.8M | Reduce -7.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 32,205 | $16.2M | Add +6.2% |
| ABBV Abbvie Inc. | 0.54% | 70,488 | $16.1M | Add +3.1% |
| EBS Emergent Biosolutions Inc. | 0.52% | 1,265,766 | $15.6M | Reduce -11.2% |
| WABC Westamerica Bancorporation | 0.51% | 318,597 | $15.2M | Reduce -13.7% |
| VERX Vertex Inc. Class A | 0.50% | 746,357 | $14.9M | Add +20.7% |
| HMN Horace Mann Educators | 0.49% | 320,733 | $14.8M | Reduce -11.1% |
| MATW Matthews Intl Corp. Class A | 0.47% | 542,645 | $14.2M | Reduce -12.4% |
| IEUR iShares Core MSCI Europe ETF | 0.46% | 195,914 | $13.9M | Add +6.9% |
| HD Home Depot Inc. | 0.46% | 40,205 | $13.8M | Reduce -7.2% |
| COST Costco Wholesale Corp. | 0.45% | 15,720 | $13.6M | Reduce -0.9% |
| WHD Cactus Inc. Class A | 0.44% | 290,658 | $13.3M | Reduce -12.4% |
| TMHC Taylor Morrison Home Corp. | 0.43% | 217,794 | $12.8M | Reduce -11.0% |
| IWM iShares Russell 2000 ETF | 0.42% | 51,404 | $12.7M | New |
| PWR Quanta Services Inc. | 0.42% | 29,971 | $12.6M | Reduce -0.1% |
| NCNO Ncino Inc. | 0.40% | 473,867 | $12.1M | Add +18.2% |
| NEE Nextera Energy Inc. | 0.40% | 150,574 | $12.1M | Add +0.5% |
| ETN Eaton Corp. PLC | 0.40% | 37,550 | $12.0M | Add +89.7% |
| CRSR Corsair Gaming Inc. | 0.40% | 2,007,437 | $11.9M | Reduce -13.7% |
| KKR KKR & Co. Inc. | 0.39% | 91,483 | $11.7M | Reduce -0.2% |
| MSA Msa Safety Inc. | 0.39% | 72,373 | $11.6M | Reduce -11.6% |
| RDNT Radnet Inc. | 0.38% | 161,137 | $11.5M | Reduce -10.5% |
| SMMD iShares Russell 2500 ETF | 0.38% | 152,701 | $11.4M | New |
| ARCC Ares Capital Corp. | 0.37% | 551,786 | $11.2M | Reduce -2.3% |
Other holdings (139): bonds, preferreds, convertibles and warrants · $365.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 8,337 | $10.1M | Reduce -5.1% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 9,000,000 | $8.9M | Reduce -2.0% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 8,675,000 | $8.6M | Reduce -6.8% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 8,451,000 | $8.2M | Add +31.5% |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 7,204,000 | $7.3M | Add +1.5% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 7,368,000 | $7.2M | Reduce -2.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 6,900,000 | $6.9M | Add +213.6% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 6,755,000 | $6.9M | Add +98.7% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 7,066,000 | $6.8M | Add +88.4% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 6,669,000 | $6.7M | Reduce -24.1% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 6,546,000 | $6.5M | Reduce -16.7% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 6,948,000 | $6.4M | Add +177.9% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 2,100,000 | $6.0M | Reduce -30.0% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,005,000 | $5.9M | Reduce -2.0% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 6,071,000 | $5.8M | Add +34.9% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 6,187,000 | $5.8M | Reduce -15.8% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 5,777,000 | $5.7M | Reduce -29.0% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 5,866,000 | $5.5M | Reduce -2.2% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 79,342 | $5.5M | Reduce -3.2% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 4,278 | $5.3M | Reduce -0.4% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 5,380,000 | $5.3M | Reduce -1.9% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 5,068,000 | $5.1M | Reduce -2.1% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 4,858,000 | $4.7M | Reduce -1.9% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 4,744,000 | $4.6M | Reduce -2.2% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 989,000 | $4.5M | Reduce -20.9% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 4,422,000 | $4.5M | Reduce -2.2% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 4,658,000 | $4.4M | Reduce -31.0% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 4,371,000 | $4.3M | Reduce -2.1% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 4,360,000 | $4.3M | Add +31.4% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 4,241,000 | $4.2M | Reduce -22.9% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 4,156,000 | $4.1M | Reduce -2.2% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 4,094,000 | $4.0M | Reduce -2.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 3,912,000 | $3.9M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 4,149,000 | $3.9M | Reduce -4.1% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 3,539,000 | $3.6M | Reduce -3.0% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 3,625,000 | $3.6M | Reduce -2.0% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 3,526,000 | $3.5M | Reduce -2.1% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 3,623,000 | $3.5M | Reduce -2.1% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 3,400,000 | $3.4M | Add +5.1% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 3,400,000 | $3.4M | Reduce -22.7% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 3,530,000 | $3.3M | Add +14.4% |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 3,459,000 | $3.3M | Add +15.3% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 2,187,000 | $3.2M | Reduce -3.1% |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 3,198,000 | $3.1M | Reduce -3.1% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 3,007,000 | $3.0M | Reduce -1.4% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 1,940,000 | $3.0M | Reduce -3.0% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 2,969,000 | $3.0M | Reduce -50.7% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 3,151,000 | $2.9M | Reduce -3.0% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 2,230,000 | $2.8M | Reduce -3.0% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 2,743,000 | $2.8M | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 2,904,000 | $2.8M | Reduce -51.2% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 2,774,000 | $2.7M | Reduce -1.9% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 2,850,000 | $2.7M | Reduce -1.8% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 2,351,000 | $2.7M | Reduce -2.9% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 2,765,000 | $2.7M | Reduce -3.1% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 2,468,000 | $2.5M | Reduce -1.9% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 2,243,000 | $2.4M | Reduce -3.0% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,399,000 | $2.4M | Reduce -2.7% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 2,447,000 | $2.3M | Reduce -19.0% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 2,350,000 | $2.3M | Reduce -2.1% |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 2,675,000 | $2.2M | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 2,423,000 | $2.2M | Reduce -3.1% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 2,250,000 | $2.2M | Reduce -43.8% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 28,906 | $2.2M | Reduce -3.1% |
| ACCURAY INC (ARAY 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 2,250,000 | $2.1M | Reduce -2.2% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 1,934,000 | $2.0M | Reduce -3.3% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 1,939,000 | $2.0M | Reduce -3.0% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 1,720,000 | $1.9M | Add +72.0% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 1,950,000 | $1.9M | Reduce -2.5% |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 1,938,000 | $1.9M | New |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 59,499 | $1.8M | Reduce 0.0% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 1,793,000 | $1.8M | Reduce -2.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 30,000 | $1.8M | Reduce -25.0% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 4,849 | $1.8M | Add +21.2% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 33,612 | $1.7M | Reduce -25.3% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 1,335,000 | $1.7M | Reduce -2.9% |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | 1,800,000 | $1.7M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 1.625 02/15/27) | NOTE 1.625% 2/1 · principal | 907,000 | $1.6M | Reduce -62.3% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 485,000 | $1.6M | Reduce -3.0% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 960,000 | $1.6M | Reduce -2.8% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,406,000 | $1.6M | Reduce -2.6% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 24,232 | $1.6M | Reduce -3.1% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 1,746,000 | $1.6M | Reduce -47.2% |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | 1,226,000 | $1.5M | New |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 1,455,000 | $1.5M | Reduce -3.0% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 1,454,000 | $1.5M | Reduce -3.1% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 29,079 | $1.5M | Reduce -3.1% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 970,000 | $1.4M | Reduce -3.0% |
| OSI SYSTEMS INC (OSIS 2.25 08/01/29) | NOTE 2.250% 8/0 · principal | 969,000 | $1.4M | Reduce -3.1% |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 1,455,000 | $1.4M | Reduce -3.0% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,060,000 | $1.4M | Reduce -0.8% |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 1,689,000 | $1.4M | New |
| VERTEX INC (VERX 0.75 05/01/29) | NOTE 0.750% 5/0 · principal | 1,454,000 | $1.4M | Reduce -3.1% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 664,000 | $1.3M | Reduce -27.4% |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 1,209,000 | $1.2M | New |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 960,000 | $1.2M | Reduce -4.0% |
| COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) | NOTE 1.625%11/1 · principal | 1,000,000 | $1.2M | New |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 1,171,000 | $1.2M | Reduce -6.3% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 1,096,000 | $1.1M | Reduce -73.6% |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 970,000 | $1.1M | New |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 969,000 | $1.1M | New |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 19,352 | $1.1M | Reduce -3.2% |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 970,000 | $1.0M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 790,000 | $1.0M | Reduce -2.4% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 1,038,000 | $940K | Reduce -71.4% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 454,000 | $922K | Reduce -33.2% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 873,000 | $868K | Reduce -2.5% |
| PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) | NOTE 5.500%12/0 · principal | 484,000 | $808K | New |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 727,000 | $800K | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 487,000 | $799K | Reduce -35.1% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 797,000 | $789K | Reduce -2.8% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 500,000 | $777K | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 9,676 | $773K | Reduce -3.2% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 486,000 | $773K | Reduce -2.8% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 730,000 | $771K | Reduce -2.7% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 733,000 | $709K | Reduce -67.5% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 567,000 | $698K | Reduce -5.5% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 600,000 | $652K | New |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 485,000 | $646K | Reduce -3.0% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 620,000 | $613K | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 552,000 | $596K | Reduce -3.3% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 550,000 | $594K | Reduce -78.7% |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 485,000 | $583K | Reduce -3.0% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 485,000 | $583K | Reduce -3.0% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 10,000 | $545K | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 485,000 | $532K | Reduce -3.0% |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 500,000 | $517K | New |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 485,000 | $511K | New |
| PENGUIN SOLUTIONS CAYMEN (PENG 2 08/15/30) | NOTE 2.000% 8/1 · principal | 500,000 | $510K | New |
| TANDEM DIABETES CARE INC (TNDM 1.5 03/15/29 2024) | NOTE 1.500% 3/1 · principal | 485,000 | $497K | Reduce -3.0% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 486,000 | $469K | Reduce -6.0% |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 514,000 | $465K | Reduce -3.0% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 485,000 | $458K | Reduce -3.0% |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 100,000 | $424K | Reduce -75.0% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 6,227 | $364K | Reduce -18.4% |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | 484,000 | $344K | Reduce -3.2% |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 485,000 | $325K | Reduce -86.2% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 121,000 | $304K | Reduce -3.2% |
| LEMAITRE VASCULAR INC (LMAT 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 242,000 | $241K | New |
Total filed on the 13F, all lines: $3.4B.
Portfolio Sells Q3 2025 → Q4 2025
| CSGS CSG Systems Intl Inc. | Sold out | 0.00% | −0.87 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.49 |
| HI Hillenbrand Inc. | Sold out | 0.00% | −0.44 |
| LRN Stride Inc. | Reduce -28.8% | 0.22% | −0.43 |
| WLY Wiley (john) & Sons Class A | Reduce -12.7% | 0.84% | −0.33 |
| JAMF Jamf Holding Corp. | Sold out | 0.00% | −0.32 |
| SM SM Energy Co. | Reduce -14.8% | 0.61% | −0.28 |
| ACHC Acadia Healthcare Co. Inc. | Reduce -15.4% | 0.29% | −0.27 |
| DH Definitive Healthcare Corp. | Sold out | 0.00% | −0.27 |
| JQUA JPMorgan US Quality Factor | Sold out | 0.00% | −0.26 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.25 |
| GPI Group 1 Automotive Inc. | Reduce -38.5% | 0.37% | −0.25 |
| CRSR Corsair Gaming Inc. | Reduce -13.7% | 0.40% | −0.24 |
| TXRH Texas Roadhouse Inc. | Reduce -31.6% | 0.61% | −0.22 |
| ACIW Aci Worldwide Inc. | Reduce -10.8% | 1.21% | −0.17 |
| PFGC Performance Food Group Co. | Reduce -10.5% | 0.84% | −0.16 |
| ROCK Gibraltar Industries Inc. | Reduce -7.0% | 0.62% | −0.16 |
| VRRM Verra Mobility Corp. | Reduce -10.7% | 1.03% | −0.15 |
| NOG Northern Oil and Gas Inc. | Reduce -14.8% | 0.56% | −0.14 |
| IDA Idacorp Inc. | Reduce -10.7% | 1.71% | −0.14 |
| RJF Raymond James Financial Inc. | Reduce -7.5% | 1.87% | −0.14 |
| AVNT Avient Corp. | Reduce -14.9% | 0.93% | −0.14 |
| CUZ Cousins Properties Inc. | Reduce -10.7% | 0.75% | −0.12 |
| BKE The Buckle Inc. | Reduce -10.7% | 0.86% | −0.12 |
| RNST Renasant Corp. | Reduce -11.3% | 0.96% | −0.09 |
| CAKE The Cheesecake Factory Inc. | Reduce -10.7% | 0.72% | −0.09 |
| BLKB Blackbaud Inc. | Reduce -13.3% | 1.03% | −0.09 |
| AIT Applied Industrial Tech Inc. | Reduce -10.4% | 1.71% | −0.08 |
| PHR Phreesia Inc. | Reduce -12.8% | 0.17% | −0.08 |
| PR Permian Resources Corp. Class A | Reduce -42.1% | 0.17% | −0.08 |
| HD Home Depot Inc. | Reduce -7.2% | 0.46% | −0.08 |
| VNT Vontier Corp. | Reduce -2.9% | 1.06% | −0.08 |
| ROP Roper Technologies Inc. | Reduce -8.3% | 0.57% | −0.07 |
| TMHC Taylor Morrison Home Corp. | Reduce -11.0% | 0.43% | −0.07 |
| UIS Unisys Corp. | Reduce -13.8% | 0.14% | −0.07 |
| MLI Mueller Industries Inc. | Reduce -21.5% | 1.77% | −0.07 |
| AMSF Amerisafe Inc. | Reduce -14.8% | 0.27% | −0.06 |
| WABC Westamerica Bancorporation | Reduce -13.7% | 0.51% | −0.06 |
| BLFS Biolife Solutions Inc. | Reduce -10.7% | 0.65% | −0.06 |
| EVTC Evertec Inc. | Reduce -12.4% | 0.26% | −0.06 |
| NMFC New Mountain Finance Corp. | Reduce -40.7% | 0.09% | −0.06 |
| OSW Onespaworld Holdings Ltd. | Reduce -10.6% | 0.97% | −0.05 |
| RLI Rli Corp. | Reduce -10.8% | 0.92% | −0.05 |
| WWD Woodward Inc. | Reduce -26.0% | 1.13% | −0.05 |
| DEA Easterly Government Properti | Reduce -13.4% | 0.32% | −0.05 |
| MSA Msa Safety Inc. | Reduce -11.6% | 0.39% | −0.05 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.04 |
| RDNT Radnet Inc. | Reduce -10.5% | 0.38% | −0.04 |
| LKQ LKQ Corp. | Reduce -11.9% | 0.63% | −0.04 |
| CFR Cullen/Frost Bankers Inc. | Reduce -10.8% | 0.99% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| IGSB iShares 1-5Y Inv Grade Corp. | Add +53.8% | 1.21% | +0.48 |
| IWM iShares Russell 2000 ETF | New | 0.42% | +0.42 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 1.42% | +0.41 |
| ONTO Onto Innovation Inc. | Add +37.4% | 0.85% | +0.38 |
| SMMD iShares Russell 2500 ETF | New | 0.38% | +0.38 |
| CWAN Clearwater Analytics HDS-A | Add +6.6% | 0.82% | +0.29 |
| WRBY Warby Parker Inc. Class A | New | 0.21% | +0.21 |
| SMTC Semtech Corp. | Add +3.8% | 1.44% | +0.20 |
| AMD Advanced Micro Devices | Add +0.1% | 0.61% | +0.18 |
| ETN Eaton Corp. PLC | Add +89.7% | 0.40% | +0.17 |
| IVV iShares Core S&P 500 ETF | Add +105.3% | 0.28% | +0.16 |
| PB Prosperity Bancshares Inc. | Add +0.4% | 1.16% | +0.13 |
| HNGE Hinge Health Inc. Class A | New | 0.13% | +0.13 |
| SAIA Saia Inc. | Add +0.0% | 0.85% | +0.13 |
| NVDA Nvidia Corp. | Add +0.3% | 1.64% | +0.13 |
| IJR iShares Core S&P Small-Cap E | Add +175.0% | 0.17% | +0.11 |
| AMZN Amazon.com Inc. | Add +3.1% | 0.76% | +0.11 |
| TKO Tko Group Holdings Inc. | Add +33.9% | 0.32% | +0.11 |
| IEUR iShares Core MSCI Europe ETF | Add +6.9% | 0.46% | +0.08 |
| META Meta Platforms Inc. Class A | Add +17.4% | 0.61% | +0.08 |
| NCNO Ncino Inc. | Add +18.2% | 0.40% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.2% | 0.54% | +0.07 |
| BFAM Bright Horizons Family Solut | Add +10.9% | 0.64% | +0.07 |
| PLXS Plexus Corp. | New | 0.07% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +8.2% | 0.21% | +0.06 |
| FA First Advantage Corp. | Add +4.7% | 0.85% | +0.06 |
| NEE Nextera Energy Inc. | Add +0.5% | 0.40% | +0.05 |
| ABBV Abbvie Inc. | Add +3.1% | 0.54% | +0.05 |
| MSFT Microsoft Corp. | Add +2.0% | 1.48% | +0.04 |
| XLV SS Health Care Select Sector | New | 0.04% | +0.04 |
| MIDD Middleby Corp. | Add +24.8% | 0.11% | +0.04 |
| WMT Walmart Inc. | Add +1.1% | 0.24% | +0.04 |
| XOM Exxon Mobil Corp. | Add +9.0% | 0.17% | +0.04 |
| XLK SS Technology Select Sector | Add +26.0% | 0.12% | +0.04 |
| ITOT iShares Core S&P Total U.S. | New | 0.03% | +0.03 |
| TDY Teledyne Technologies Inc. | Add +11.2% | 0.70% | +0.03 |
| LLY Eli Lilly & Co. | Add +83.1% | 0.04% | +0.03 |
| ADBE Adobe Inc. | Add +19.6% | 0.12% | +0.03 |
| VERX Vertex Inc. Class A | Add +20.7% | 0.50% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +11.0% | 0.09% | +0.02 |
| AXP American Express Co. | New | 0.02% | +0.02 |
| KLAC KLA Corp. | New | 0.02% | +0.02 |
| CWK Cushman & Wakefield Ltd. | Add +5.9% | 0.14% | +0.02 |
| AOA iShares Core 80/20 Aggressiv | New | 0.02% | +0.02 |
| PRG Prog Holdings Inc. | Add +4.2% | 0.64% | +0.02 |
| SCHW Schwab (charles) Corp. | New | 0.02% | +0.02 |
| AOR iShares Core 60/40 Balanced | New | 0.02% | +0.02 |
| AVY Avery Dennison Corp. | Add +5.3% | 0.07% | +0.02 |
| CMG Chipotle Mexican Grill Inc. | New | 0.01% | +0.01 |
| MS Morgan Stanley | New | 0.01% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -5.1% | 8,337 | $10.1M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -2.0% | 9,000,000 | $8.9M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Reduce -6.8% | 8,675,000 | $8.6M |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Add +31.5% | 8,451,000 | $8.2M |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | Add +1.5% | 7,204,000 | $7.3M |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | Reduce -2.0% | 7,368,000 | $7.2M |
| FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) | NOTE 11/0 · principal | Sold out | 7,154,000 | $7.1Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Add +213.6% | 6,900,000 | $6.9M |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | Add +98.7% | 6,755,000 | $6.9M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +88.4% | 7,066,000 | $6.8M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Reduce -24.1% | 6,669,000 | $6.7M |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | Reduce -16.7% | 6,546,000 | $6.5M |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | Sold out | 6,442,000 | $6.4Mbefore exit |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +177.9% | 6,948,000 | $6.4M |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | Sold out | 6,370,000 | $6.2Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Reduce -30.0% | 2,100,000 | $6.0M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -2.0% | 6,005,000 | $5.9M |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Add +34.9% | 6,071,000 | $5.8M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -15.8% | 6,187,000 | $5.8M |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Reduce -29.0% | 5,777,000 | $5.7M |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | Reduce -2.2% | 5,866,000 | $5.5M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -3.2% | 79,342 | $5.5M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.4% | 4,278 | $5.3M |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | Reduce -1.9% | 5,380,000 | $5.3M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Reduce -2.1% | 5,068,000 | $5.1M |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | Sold out | 5,267,000 | $5.0Mbefore exit |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | Reduce -1.9% | 4,858,000 | $4.7M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -2.2% | 4,744,000 | $4.6M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -20.9% | 989,000 | $4.5M |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Reduce -2.2% | 4,422,000 | $4.5M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Reduce -31.0% | 4,658,000 | $4.4M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 4,367,000 | $4.3Mbefore exit |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Reduce -2.1% | 4,371,000 | $4.3M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Add +31.4% | 4,360,000 | $4.3M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Reduce -22.9% | 4,241,000 | $4.2M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Sold out | 3,872,000 | $4.1Mbefore exit |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Reduce -2.2% | 4,156,000 | $4.1M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -2.1% | 4,094,000 | $4.0M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 3,912,000 | $3.9M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -4.1% | 4,149,000 | $3.9M |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | Reduce -3.0% | 3,539,000 | $3.6M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Reduce -2.0% | 3,625,000 | $3.6M |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Reduce -2.1% | 3,526,000 | $3.5M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -2.1% | 3,623,000 | $3.5M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +5.1% | 3,400,000 | $3.4M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Sold out | 3,536,000 | $3.4Mbefore exit |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Reduce -22.7% | 3,400,000 | $3.4M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Add +14.4% | 3,530,000 | $3.3M |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | Add +15.3% | 3,459,000 | $3.3M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -3.1% | 2,187,000 | $3.2M |
Showing the first 50 of 168.
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 | 245 | $2.1B | APH, AAPL, NVDA, GOOG, HEI.A |
| Q1 2026 | 245 | $2.8B | AAPL, LFUS, APH, IDA, IGSB |
| Q4 2025 | 240 | $3.0B | APH, AAPL, RJF, MLI, IDA |
| Q3 2025 | 219 | $3.3B | APH, RJF, IDA, MLI, AAPL |
| Q2 2025 | 212 | $3.1B | APH, RJF, MLI, IDA, AIT |
| Q1 2025 | 205 | $3.1B | PRMB, IDA, MLI, AIT, RJF |
| Q4 2024 | 210 | $3.3B | MLI, AAPL, PRMB, RJF, AIT |
| Q3 2024 | 216 | $3.3B | RJF, MLI, AAPL, AVNT, ACIW |
| Q2 2024 | 221 | $3.3B | RJF, MLI, AIT, AAPL, AVNT |
| Q1 2024 | 208 | $3.4B | AIT, RJF, MLI, ACHC, AVNT |