Polar Capital Holdings Plc

Name: Polar Capital Holdings Plc 13F holdings, Q1 2024
Creator: Polar Capital Holdings Plc
Published: 2024-05-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Polar Capital Holdings Plc reported 252 stock positions worth $18.9 billion. Its top holding was Ferguson Jersey (FERG) at 9.1% of the portfolio, followed by Nvidia (NVDA, 6.4%) and Microsoft (MSFT, 4.5%). Compared with Q4 2023, it opened 37 new positions, sold out of 35, added to 84 and reduced 103. The biggest buy was a new position in Indivior (INDV) and the biggest sale Ferguson Jersey (FERG, shares −19%).

Most Recent 13F: Q2 2026
Location: London, X0
CIK: 0001837309
Portfolio Value: $18.9B (Q1 2024)
SEC Filing: 0001172661-24-002350 ↗ filed May 15, 2024

Holdings Value

Holdings 252 stocks · $18.9B


FERG Ferguson Jersey Ltd.	9.11%	149,679	$1.7B	Reduce -18.8%
NVDA Nvidia Corp.	6.42%	1,343,514	$1.2B	Reduce -7.8%
MSFT Microsoft Corp.	4.53%	2,036,615	$856.8M	Add +3.0%
INDV Indivior Ltd.	4.14%	285,077	$783.2M	New
META Meta Platforms Inc. Class A	3.60%	1,402,464	$681.0M	Add +51.9%
AMD Advanced Micro Devices	2.94%	3,076,855	$555.3M	Reduce -8.8%
AMZN Amazon.com Inc.	1.68%	1,760,742	$317.6M	Reduce -14.6%
ACGL Arch Capital Group Ltd.	1.52%	3,108,121	$287.3M	Reduce -1.1%
ANET Arista Networks Inc.	1.49%	971,432	$281.7M	Add +23.2%
GOOG Alphabet Inc. Class C	1.46%	1,808,248	$275.3M	Reduce -26.7%
MU Micron Technology Inc.	1.42%	2,280,880	$268.9M	Add +17.3%
CRWD CrowdStrike Holdings Inc. Class A	1.40%	823,481	$264.0M	Add +9.6%
GOOGL Alphabet Inc. Class A	1.39%	1,738,819	$262.4M	Reduce -28.1%
RNR Renaissancere Holdings Ltd.	1.35%	1,086,328	$255.3M	Reduce -0.8%
NET Cloudflare Inc. Class A	1.30%	2,545,244	$246.5M	Add +248.6%
AAPL Apple Inc.	1.26%	1,393,713	$239.0M	Reduce -51.6%
CYBR Cyberark Software Ltd./Israel	1.25%	887,716	$235.8M	Add +81.3%
P Everpure Inc. Class A filed as PURE STORAGE INC	1.21%	4,381,395	$227.8M	Add +46.5%
CB Chubb Ltd.	1.17%	850,390	$220.4M	Reduce -5.9%
AVGO Broadcom Inc.	1.12%	160,058	$212.1M	Add +122.0%
MRSH Marsh & McLennan Cos	1.09%	1,004,215	$206.8M	Add +5.2%
NOW ServiceNow Inc.	0.96%	239,071	$182.3M	Reduce -0.8%
QCOM Qualcomm Inc.	0.96%	1,071,591	$181.4M	Add +49.2%
NFLX Netflix Inc.	0.95%	295,461	$179.4M	Add +13.2%
CDNS Cadence Design SYS Inc.	0.91%	552,904	$172.1M	Add +57.0%
REGN Regeneron Pharmaceuticals	0.90%	176,958	$170.3M	Reduce -10.6%
KLAC KLA Corp.	0.89%	240,226	$167.8M	Add +1.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.88%	1,887,500	$166.9M	Reduce -1.1%
SNPS Synopsys Inc.	0.84%	278,632	$159.2M	Add +5.7%
ISRG Intuitive Surgical Inc.	0.78%	368,951	$147.2M	Add +15.7%
ESNT Essent Group Ltd.	0.73%	2,330,500	$138.7M	Reduce -2.4%
EG Everest Group Ltd.	0.70%	330,978	$131.6M	Add +13.8%
CLDX Celldex Therapeutics Inc.	0.68%	3,059,492	$128.4M	Reduce -2.4%
PGR Progressive Corp.	0.66%	604,844	$125.1M	Add +3.0%
SHOP Shopify Inc. Class A	0.65%	1,602,816	$123.7M	Reduce -20.0%
MKL Markel Group Inc.	0.64%	79,500	$121.0M	Reduce -6.5%
TRV The Travelers Cos Inc.	0.61%	500,548	$115.2M	Reduce -8.4%
SPOT Spotify Technology SA	0.61%	435,970	$115.1M	Add +261.7%
AVDL Avadel Pharmaceuticals plc	0.60%	6,753,672	$114.1M	Add +0.0%
MELI MercadoLibre Inc.	0.60%	74,949	$113.3M	Add +137.6%
CYTK Cytokinetics Inc.	0.60%	1,605,576	$112.6M	Add +13.3%
XENE Xenon Pharmaceuticals Inc.	0.59%	2,612,108	$112.5M	Reduce -14.8%
CRM Salesforce Inc.	0.58%	364,857	$109.9M	Add +33.0%
AMAT Applied Materials Inc.	0.57%	519,332	$107.1M	New
NBIX Neurocrine Biosciences Inc.	0.57%	775,556	$107.0M	Reduce -7.2%
AMGN Amgen Inc.	0.56%	369,346	$105.0M	Add +50.8%
ESTC Elastic NV	0.49%	927,809	$93.0M	Add +7.1%
FROG Jfrog Ltd.	0.49%	2,091,820	$92.5M	Add +272.9%
LLY Eli Lilly & Co.	0.49%	118,443	$92.1M	Add +7.2%
ARM Arm Holdings PLC-ADR	0.48%	731,026	$91.4M	New
RGA Reinsurance Group of America	0.48%	471,000	$90.8M	Reduce -3.4%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.47%	1,021,052	$89.3M	Add +5.0%
ACHC Acadia Healthcare Co. Inc.	0.46%	1,106,149	$87.6M	Add +1.3%
TSLA Tesla Inc.	0.46%	495,381	$87.1M	Reduce -5.5%
MCK McKesson Corp.	0.45%	158,656	$85.2M	Reduce -1.3%
COHR Coherent Corp.	0.45%	1,403,662	$85.1M	Add +797.0%
MDB Mongodb Inc.	0.45%	235,923	$84.6M	Reduce -32.3%
FN Fabrinet	0.45%	446,068	$84.3M	Reduce -21.5%
RYAN Ryan Specialty Holdings Inc.	0.44%	1,515,000	$84.1M	Add +17.7%
CFLT Confluent Inc. Class A	0.44%	2,753,169	$84.0M	New
BPMC Blueprint Medicines Corp.	0.43%	865,000	$82.1M	No change
MRVL Marvell Technology Inc.	0.43%	1,147,460	$81.3M	Add +171.8%
DASH DoorDash Inc. Class A	0.43%	589,807	$81.2M	Reduce -14.5%
DDOG Datadog Inc. Class A	0.41%	633,646	$78.3M	Reduce -1.4%
MPWR Monolithic Power Systems Inc.	0.41%	115,166	$78.0M	Reduce -47.7%
UBER Uber Technologies Inc.	0.40%	975,276	$75.1M	Reduce -24.3%
MNDY Monday.com Ltd.	0.39%	330,425	$74.6M	Add +6.0%
VRTX Vertex Pharmaceuticals Inc.	0.39%	175,000	$73.2M	No change
HCA HCA Healthcare Inc.	0.37%	212,120	$70.7M	Reduce -42.1%
ARQT Arcutis Biotherapeutics Inc.	0.36%	6,885,922	$68.2M	Add +9.3%
SUPN Supernus Pharmaceuticals Inc.	0.35%	1,940,510	$66.2M	Add +0.1%
RYTM Rhythm Pharmaceuticals Inc.	0.34%	1,500,000	$65.0M	Reduce -14.3%
BIIB Biogen Inc.	0.34%	300,000	$64.7M	No change
HUBS HubSpot Inc.	0.33%	99,727	$62.5M	Reduce -53.2%
APLS Apellis Pharmaceuticals Inc.	0.33%	1,054,440	$62.0M	Add +0.1%
LSCC Lattice Semiconductor Corp.	0.33%	788,384	$61.7M	Reduce -28.3%
WDAY Workday Inc. Class A	0.32%	223,232	$60.9M	Add +3.7%
V Visa Inc. Class A	0.32%	215,802	$60.2M	Reduce -13.3%
ABBV Abbvie Inc.	0.31%	324,176	$59.0M	Reduce -10.4%
FDMT 4D Molecular Therapeutics Inc.	0.30%	1,798,492	$57.3M	New
ELV Elevance Health Inc.	0.30%	109,202	$56.6M	Reduce -8.2%
MA Mastercard Inc. Class A	0.30%	116,798	$56.2M	Reduce -25.2%
AXON Axon Enterprise Inc.	0.29%	177,329	$55.5M	Reduce -20.0%
UNH Unitedhealth Group Inc.	0.29%	111,043	$54.9M	New
MMYT Makemytrip Ltd.	0.29%	771,358	$54.8M	Reduce -15.7%
SRRK Scholar Rock Holding Corp.	0.28%	2,940,672	$52.2M	No change
BRK.B Berkshire Hathaway Inc. Class B	0.27%	121,977	$51.3M	Reduce -21.2%
JPM JPMorgan Chase & Co.	0.27%	250,236	$50.1M	Reduce -3.7%
APH Amphenol Corp. Class A	0.26%	430,945	$49.7M	New
TER Teradyne Inc.	0.25%	425,997	$48.1M	New
ADBE Adobe Inc.	0.25%	95,078	$48.0M	Reduce -50.4%
PINS Pinterest Inc. Class A	0.25%	1,367,325	$47.4M	Reduce -40.5%
HGTY Hagerty Inc. Class A	0.24%	5,000,000	$45.8M	Add +1.5%
BSX Boston Scientific Corp.	0.24%	649,003	$44.5M	Reduce -35.9%
MLTX Moonlake Immunotherapeutics	0.23%	857,957	$43.1M	Reduce -8.4%
NTNX Nutanix Inc. Class A	0.23%	692,677	$42.8M	New
CRH CRH PLC	0.23%	495,600	$42.8M	Reduce -18.0%
AFL Aflac Inc.	0.22%	485,000	$41.6M	No change
FAF First American Financial	0.22%	675,000	$41.2M	Reduce -3.6%
PDD PDD Holdings Inc.	0.21%	343,207	$39.9M	Reduce -12.3%
IBKR Interactive Brokers Gro Class A	0.21%	354,480	$39.6M	Add +49.4%
RLI Rli Corp.	0.20%	260,000	$38.6M	No change
ITGR Integer Holdings Corp.	0.20%	328,668	$38.3M	New
ICE Intercontinental Exchange Inc.	0.19%	259,162	$35.6M	Add +1.1%
GLOB Globant SA	0.19%	174,876	$35.3M	Add +3.8%
ALNY Alnylam Pharmaceuticals Inc.	0.19%	235,000	$35.1M	Add +27.0%
TRUP Trupanion Inc.	0.18%	1,250,000	$34.5M	No change
DXCM Dexcom Inc.	0.18%	243,000	$33.7M	Reduce -0.7%
MDGL Madrigal Pharmaceuticals Inc.	0.18%	125,205	$33.4M	New
ICLR Icon PLC	0.17%	97,090	$32.6M	Add +92.2%
IMCR Immunocore Holdings PLC-ADR	0.17%	501,300	$32.6M	No change
BDX Becton Dickinson and Co.	0.17%	130,177	$32.2M	Add +111.7%
CGON CG Oncology Inc.	0.17%	729,166	$32.0M	New
LIN Linde PLC	0.17%	67,405	$31.3M	Reduce -21.9%
MMSI Merit Medical Systems Inc.	0.17%	412,765	$31.3M	Reduce -13.7%
BRO Brown & Brown Inc.	0.16%	350,000	$30.6M	New
PLRX Pliant Therapeutics Inc.	0.16%	2,015,000	$30.0M	No change
YMAB Y-Mabs Therapeutics Inc.	0.16%	1,831,000	$29.8M	Reduce -11.0%
NAMS Newamsterdam Pharma Co. NV	0.16%	1,252,586	$29.6M	New
VERA Vera Therapeutics Inc.	0.15%	675,000	$29.1M	Reduce -6.9%
LBPH Longboard Pharmaceuticals Inc.	0.15%	1,305,431	$28.2M	Add +30.5%
ADI Analog Devices Inc.	0.15%	142,042	$28.1M	Reduce -8.0%
ESTA Establishment Labs Holdings	0.15%	546,519	$27.8M	Add +141.3%
PRA Proassurance Corp.	0.15%	2,162,500	$27.8M	No change
PODD Insulet Corp.	0.15%	161,943	$27.8M	Add +45.9%
CVE Cenovus Energy Inc.	0.14%	1,129,411	$27.3M	Add +22.3%
WOLF Wolfspeed Inc.	0.14%	888,500	$26.2M	Add +60.3%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC	0.14%	200,589	$25.8M	New
URI United Rentals Inc.	0.14%	35,559	$25.6M	Reduce -12.8%
FIS Fidelity National Info Serv	0.13%	342,414	$25.4M	Add +76.7%
PEN Penumbra Inc.	0.13%	112,452	$25.1M	Reduce -11.8%
USFD US Foods Holding Corp.	0.13%	464,527	$25.1M	Reduce -10.9%
BCYC Bicycle Therapeutics PLC-ADR	0.13%	1,004,535	$25.0M	No change
SPGI S&P Global Inc.	0.13%	58,617	$24.9M	Add +58.6%
ALGN Align Technology Inc.	0.13%	74,000	$24.3M	New
DCPH Deciphera Pharmaceuticals Inc.	0.12%	1,500,000	$23.6M	Reduce -18.9%
CNC Centene Corp.	0.12%	297,053	$23.3M	Add +2.3%
BIO Bio-Rad Laboratories-A	0.12%	67,188	$23.2M	Add +27.4%
SE Sea Ltd.-ADR	0.12%	426,109	$22.9M	Reduce -1.4%
DOX Amdocs Ltd.	0.12%	253,200	$22.9M	Add +2.3%
ATR Aptargroup Inc.	0.12%	157,138	$22.6M	Add +7.0%
FISV Fiserv Inc.	0.11%	135,895	$21.7M	Add +2.3%
CABA Cabaletta Bio Inc.	0.11%	1,250,000	$21.3M	No change
MKSI MKS Inc. filed as MKS INSTRS INC	0.11%	152,802	$20.3M	Add +2.3%
UNP Union Pacific Corp.	0.11%	82,368	$20.3M	Add +2.3%
WFC Wells Fargo & Co.	0.11%	344,475	$20.0M	Reduce -8.6%
DAWN Day One Biopharmaceuticals I	0.10%	1,185,000	$19.6M	Reduce -14.4%
CNM Core & Main Inc. Class A	0.10%	338,098	$19.4M	Add +2.3%
RVNC Revance Therapeutics Inc.	0.10%	3,884,819	$19.1M	Add +22.6%
SYRE Spyre Therapeutics Inc.	0.10%	500,000	$19.0M	No change
CNQ Canadian Natural Resources	0.10%	204,624	$18.9M	Add +44.7%
ALC Alcon Inc. filed as ALCON AG	0.10%	240,110	$18.8M	Reduce -29.5%
BKNG Booking Holdings Inc.	0.10%	5,073	$18.4M	Reduce -4.1%
WMT Walmart Inc.	0.10%	301,725	$18.2M	Add +179.1%
SWTX Springworks Therapeutics Inc.	0.09%	350,000	$17.2M	New
IMO Imperial Oil Ltd.	0.09%	205,632	$17.1M	Add +2.3%
NVT Nvent Electric PLC	0.09%	227,251	$17.1M	New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.09%	1,424,178	$17.0M	Add +6129.2%
C Citigroup Inc.	0.09%	267,108	$16.9M	New
QGEN Qiagen NV	0.09%	335,692	$16.8M	Reduce -21.4%
GS Goldman Sachs Group Inc.	0.09%	39,405	$16.5M	New
H Hyatt Hotels Corp. Class A	0.08%	99,401	$15.9M	Add +2.3%
ROIV Roivant Sciences Ltd.	0.08%	1,500,000	$15.8M	New
BIOX Bioceres Crop Solutions Corp.	0.08%	1,245,928	$15.8M	Add +4.2%
MIRM Mirum Pharmaceuticals Inc.	0.08%	625,000	$15.7M	No change
ETN Eaton Corp. PLC	0.08%	49,898	$15.6M	Add +289.2%
VRDN Viridian Therapeutics Inc.	0.08%	889,198	$15.6M	Reduce -9.3%
IRON Disc Medicine Inc.	0.08%	244,928	$15.2M	Reduce -55.2%
SSNC Ss&c Technologies Holdings	0.08%	226,445	$14.6M	Reduce -6.9%
OTEX Open Text Corp.	0.08%	309,890	$14.5M	New
NVMI Nova Ltd.	0.08%	81,874	$14.5M	New
TMUS T-Mobile US Inc.	0.08%	88,794	$14.5M	Add +2.3%
ADSK Autodesk Inc.	0.08%	55,000	$14.3M	Add +4.0%
INTU Intuit Inc.	0.07%	21,707	$14.1M	Reduce -45.1%
HUM Humana Inc.	0.07%	40,203	$13.9M	Add +42.4%
CVLT Commvault Systems Inc.	0.07%	135,404	$13.7M	New
FWONK Liberty Media Corp. Class C	0.07%	205,032	$13.5M	Add +2.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.07%	240,919	$13.2M	Add +57.8%
NSC Norfolk Southern Corp.	0.07%	51,413	$13.1M	Add +16.6%
RBLX Roblox Corp. Class A	0.07%	337,021	$12.9M	Reduce -24.2%
VRNS Varonis Systems Inc.	0.07%	266,879	$12.6M	New
TECK Teck Resources Ltd.-CLS B	0.07%	274,880	$12.6M	Reduce -5.0%
AXP American Express Co.	0.06%	53,438	$12.2M	Reduce -0.8%
LFUS Littelfuse Inc.	0.06%	48,541	$11.8M	Add +2.3%
JRVR James River Group Holdings I	0.06%	1,262,500	$11.7M	No change
NXPI NXP Semiconductors NV	0.06%	47,300	$11.7M	Reduce -1.5%
AMG Affiliated Managers Group	0.06%	66,116	$11.1M	Reduce -1.3%
SLN Silence Therapeutics PLC-ADR	0.06%	500,000	$10.8M	New
ANSS Ansys Inc.	0.06%	31,100	$10.8M	Add +19.4%
VRT Vertiv Holdings Co. Class A	0.06%	132,000	$10.8M	Reduce -54.5%
CNNE Cannae Holdings Inc.	0.06%	469,984	$10.5M	Reduce -1.3%
PANW Palo Alto Networks Inc.	0.05%	36,161	$10.3M	Reduce -90.7%
LII Lennox International Inc.	0.05%	20,800	$10.2M	Reduce -19.5%
LIVN Livanova PLC	0.05%	180,195	$10.1M	Add +3.8%
OWL Blue Owl Capital Inc.	0.05%	533,754	$10.1M	New
CGNX Cognex Corp.	0.05%	231,074	$9.8M	Reduce -56.2%
CCEP Coca-Cola Europacific Partne	0.05%	138,903	$9.7M	Reduce -10.3%
MAR Marriott International Class A	0.05%	37,911	$9.6M	Add +2.3%
WIX Wix.com Ltd.	0.05%	68,802	$9.5M	Reduce -12.7%
DNLI Denali Therapeutics Inc.	0.05%	452,669	$9.3M	No change
ARES Ares Management Corp. Class A	0.05%	68,467	$9.1M	Reduce -0.5%
BRZE Braze Inc. Class A	0.05%	201,209	$8.9M	Reduce -3.9%
LEGN Legend Biotech Corp.-ADR	0.05%	156,075	$8.8M	Reduce -88.6%
OLMA Olema Pharmaceuticals Inc.	0.04%	750,000	$8.5M	No change
KKR KKR & Co. Inc.	0.04%	81,995	$8.2M	New
SYK Stryker Corp.	0.04%	22,994	$8.2M	Reduce -21.1%
GEHC GE Healthcare Technology	0.04%	90,382	$8.2M	New
DE Deere & Co.	0.04%	19,092	$7.8M	Add +90.5%
JNJ Johnson & Johnson	0.04%	47,801	$7.6M	Reduce -5.8%
AKYA Akoya Biosciences Inc.	0.04%	1,579,756	$7.4M	No change
IRTC Irhythm Holdings Inc.	0.04%	63,476	$7.4M	Add +1917.0%
TSHA Taysha Gene Therapies Inc.	0.04%	2,518,909	$7.2M	No change
EXEL Exelixis Inc.	0.04%	302,606	$7.2M	No change
ANNX Annexon Inc.	0.04%	1,000,000	$7.2M	New
INSM Insmed Inc.	0.04%	251,700	$6.8M	Reduce -50.1%
VIRT Virtu Financial Inc. Class A	0.04%	328,284	$6.7M	Add +105.2%
LITE Lumentum Holdings Inc.	0.03%	128,000	$6.1M	New
SWAV Shockwave Medical Inc.	0.03%	18,124	$5.9M	Reduce -85.7%
HOLX Hologic Inc.	0.03%	75,619	$5.9M	No change
NVST Envista Holdings Corp.	0.03%	275,336	$5.9M	Reduce -45.3%
APD Air Products & Chemicals Inc.	0.03%	22,000	$5.3M	Reduce -31.5%
CHE Chemed Corp.	0.03%	8,205	$5.3M	No change
INCY Incyte Corp.	0.03%	90,000	$5.1M	No change
FLNC Fluence Energy Inc.	0.03%	295,000	$5.1M	New
HTHT H World Group Ltd.-ADR	0.03%	123,523	$4.8M	Add +30.9%
ALB Albemarle Corp.	0.02%	35,300	$4.7M	Reduce -9.0%
QRVO Qorvo Inc.	0.02%	38,800	$4.5M	Reduce -53.8%
ALTM Arcadium Lithium PLC	0.02%	1,000,000	$4.3M	New
CARR Carrier Global Corp.	0.02%	72,000	$4.2M	Add +26.3%
KVYO Klaviyo Inc. Class A	0.02%	158,964	$4.1M	Reduce -35.0%
ON On Semiconductor	0.02%	51,200	$3.8M	Reduce -80.9%
MP MP Materials Corp.	0.02%	255,000	$3.6M	Reduce -57.3%
DV Doubleverify Holdings Inc.	0.02%	103,251	$3.6M	Reduce -67.7%
THC Tenet Healthcare Corp.	0.02%	34,214	$3.6M	Reduce -87.6%
VTEX Vtex Class A	0.02%	428,478	$3.5M	New
ADUS Addus Homecare Corp.	0.02%	33,616	$3.5M	Reduce -90.0%
MYRG MYR Group Inc./Delaware	0.02%	17,100	$3.0M	New
ENS Enersys	0.02%	31,500	$3.0M	Reduce -54.1%
SNOW Snowflake Inc.	0.01%	17,313	$2.8M	Reduce -96.9%
ZS Zscaler Inc.	0.01%	13,061	$2.5M	Reduce -97.0%
CIEN Ciena Corp.	0.01%	49,680	$2.5M	New
ZLAB Zai Lab Ltd.-ADR	0.01%	101,961	$1.6M	No change
POWI Power Integrations Inc.	0.01%	16,000	$1.1M	Add +10.3%
NTRA Natera Inc.	0.00%	5,000	$457K	Reduce -10.7%
TRMB Trimble Inc.	0.00%	6,000	$386K	Reduce -9.1%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC	0.00%	4,500	$358K	Add +12.5%
BWA Borgwarner Inc.	0.00%	8,000	$278K	No change
VC Visteon Corp.	0.00%	2,200	$259K	Reduce -4.3%
LEA Lear Corp.	0.00%	1,500	$217K	New
STXS Stereotaxis Inc.	0.00%	69,727	$182K	No change
LAB Standard Biotools Inc.	0.00%	56,585	$153K	No change
CERS Cerus Corp.	0.00%	26,540	$50K	No change

Options reported separately and not counted above: AAPL calls ($8.5M), MSFT calls ($8.2M).

Other holdings (24): bonds, preferreds, convertibles and warrants · $148.2M (not counted above)

Security	Class	Shares / Principal	Value	Change
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	16,000,000	$18.0M	New
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	12,510,000	$15.4M	Reduce -49.0%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	12,000,000	$13.9M	No change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	10,000,000	$9.9M	New
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	8,000,000	$9.5M	Reduce -20.0%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	8,500,000	$8.1M	Reduce -15.0%
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	8,500,000	$7.9M	New
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	6,000,000	$6.7M	New
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29)	NOTE 2.875% 2/1 · principal	4,500,000	$5.6M	New
WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25)	NOTE 1.500% 4/0 · principal	4,500,000	$5.6M	No change
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	5,700,000	$5.5M	Reduce -49.1%
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	3,500,000	$5.0M	New
IMPINJ INC (PI 1.125 05/15/27)	NOTE 1.125% 5/1 · principal	3,280,000	$4.4M	No change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	3,500,000	$4.1M	No change
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	4,350,000	$4.0M	Reduce -69.7%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	4,000,000	$3.8M	No change
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	3,000,000	$3.3M	New
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	2,000,000	$3.2M	Add +17.6%
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	3,000,000	$3.1M	No change
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	3,000,000	$3.0M	Reduce -25.0%
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	2,000,000	$2.7M	Reduce -47.4%
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	2,000,000	$2.1M	New
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	1,800,000	$1.8M	No change
ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29)	NOTE 4.000% 3/1 · principal	1,500,000	$1.4M	New

Total filed on the 13F, all lines: $19.0B.

Portfolio Sells Q4 2023 → Q1 2024


FERG Ferguson Jersey Ltd.	Reduce -18.8%	9.11%	−2.39
AAPL Apple Inc.	Reduce -51.6%	1.26%	−2.18
GOOGL Alphabet Inc. Class A	Reduce -28.1%	1.39%	−0.72
GOOG Alphabet Inc. Class C	Reduce -26.7%	1.46%	−0.71
SNOW Snowflake Inc.	Reduce -96.9%	0.01%	−0.67
PANW Palo Alto Networks Inc.	Reduce -90.7%	0.05%	−0.66
RMBS Rambus Inc.	Sold out	0.00%	−0.64
ZS Zscaler Inc.	Reduce -97.0%	0.01%	−0.60
LEGN Legend Biotech Corp.-ADR	Reduce -88.6%	0.05%	−0.47
ADBE Adobe Inc.	Reduce -50.4%	0.25%	−0.46
MPWR Monolithic Power Systems Inc.	Reduce -47.7%	0.41%	−0.45
HUBS HubSpot Inc.	Reduce -53.2%	0.33%	−0.44
MDB Mongodb Inc.	Reduce -32.3%	0.45%	−0.44
ITCI Intra-Cellular Therapies Inc.	Sold out	0.00%	−0.41
AON Aon PLC Class A	Sold out	0.00%	−0.37
TSLA Tesla Inc.	Reduce -5.5%	0.46%	−0.35
SHOP Shopify Inc. Class A	Reduce -20.0%	0.65%	−0.32
XENE Xenon Pharmaceuticals Inc.	Reduce -14.8%	0.59%	−0.28
PINS Pinterest Inc. Class A	Reduce -40.5%	0.25%	−0.28
AMZN Amazon.com Inc.	Reduce -14.6%	1.68%	−0.27
HCA HCA Healthcare Inc.	Reduce -42.1%	0.37%	−0.24
FN Fabrinet	Reduce -21.5%	0.45%	−0.23
ABT Abbott Laboratories	Sold out	0.00%	−0.22
REGN Regeneron Pharmaceuticals	Reduce -10.6%	0.90%	−0.18
ADUS Addus Homecare Corp.	Reduce -90.0%	0.02%	−0.18
AMD Advanced Micro Devices	Reduce -8.8%	2.94%	−0.16
RYTM Rhythm Pharmaceuticals Inc.	Reduce -14.3%	0.34%	−0.16
ZBH Zimmer Biomet Holdings Inc.	Sold out	0.00%	−0.15
LSCC Lattice Semiconductor Corp.	Reduce -28.3%	0.33%	−0.15
PDD PDD Holdings Inc.	Reduce -12.3%	0.21%	−0.15
DT Dynatrace Inc.	Sold out	0.00%	−0.14
BSX Boston Scientific Corp.	Reduce -35.9%	0.24%	−0.13
MLTX Moonlake Immunotherapeutics	Reduce -8.4%	0.23%	−0.12
IQV Iqvia Holdings Inc.	Sold out	0.00%	−0.12
NBIX Neurocrine Biosciences Inc.	Reduce -7.2%	0.57%	−0.12
ON On Semiconductor	Reduce -80.9%	0.02%	−0.12
SWAV Shockwave Medical Inc.	Reduce -85.7%	0.03%	−0.12
MA Mastercard Inc. Class A	Reduce -25.2%	0.30%	−0.12
IRON Disc Medicine Inc.	Reduce -55.2%	0.08%	−0.12
MKL Markel Group Inc.	Reduce -6.5%	0.64%	−0.11
THC Tenet Healthcare Corp.	Reduce -87.6%	0.02%	−0.11
XYZ Block Inc.	Sold out	0.00%	−0.11
CB Chubb Ltd.	Reduce -5.9%	1.17%	−0.11
BIDU Baidu Inc. - Spon ADR	Sold out	0.00%	−0.10
BAC Bank of America Corp.	Sold out	0.00%	−0.10
UBER Uber Technologies Inc.	Reduce -24.3%	0.40%	−0.10
NOW ServiceNow Inc.	Reduce -0.8%	0.96%	−0.10
CLDX Celldex Therapeutics Inc.	Reduce -2.4%	0.68%	−0.10
ENPH Enphase Energy Inc.	Sold out	0.00%	−0.09
CGNX Cognex Corp.	Reduce -56.2%	0.05%	−0.09

Portfolio Buys Q4 2023 → Q1 2024


INDV Indivior Ltd.	New	4.14%	+4.14
META Meta Platforms Inc. Class A	Add +51.9%	3.60%	+1.57
NET Cloudflare Inc. Class A	Add +248.6%	1.30%	+0.93
AVGO Broadcom Inc.	Add +122.0%	1.12%	+0.62
CYBR Cyberark Software Ltd./Israel	Add +81.3%	1.25%	+0.58
AMAT Applied Materials Inc.	New	0.57%	+0.57
P Everpure Inc. Class A	Add +46.5%	1.21%	+0.54
ARM Arm Holdings PLC-ADR	New	0.48%	+0.48
SPOT Spotify Technology SA	Add +261.7%	0.61%	+0.47
CFLT Confluent Inc. Class A	New	0.44%	+0.44
COHR Coherent Corp.	Add +797.0%	0.45%	+0.41
MU Micron Technology Inc.	Add +17.3%	1.42%	+0.39
FROG Jfrog Ltd.	Add +272.9%	0.49%	+0.37
ANET Arista Networks Inc.	Add +23.2%	1.49%	+0.33
CDNS Cadence Design SYS Inc.	Add +57.0%	0.91%	+0.31
QCOM Qualcomm Inc.	Add +49.2%	0.96%	+0.31
FDMT 4D Molecular Therapeutics Inc.	New	0.30%	+0.30
MELI MercadoLibre Inc.	Add +137.6%	0.60%	+0.29
UNH Unitedhealth Group Inc.	New	0.29%	+0.29
MRVL Marvell Technology Inc.	Add +171.8%	0.43%	+0.27
APH Amphenol Corp. Class A	New	0.26%	+0.26
TER Teradyne Inc.	New	0.25%	+0.25
ARQT Arcutis Biotherapeutics Inc.	Add +9.3%	0.36%	+0.23
NTNX Nutanix Inc. Class A	New	0.23%	+0.23
ITGR Integer Holdings Corp.	New	0.20%	+0.20
CRWD CrowdStrike Holdings Inc. Class A	Add +9.6%	1.40%	+0.20
MDGL Madrigal Pharmaceuticals Inc.	New	0.18%	+0.18
CGON CG Oncology Inc.	New	0.17%	+0.17
BRO Brown & Brown Inc.	New	0.16%	+0.16
NFLX Netflix Inc.	Add +13.2%	0.95%	+0.16
NAMS Newamsterdam Pharma Co. NV	New	0.16%	+0.16
KSPI JSC Kaspi.kz ADR	New	0.14%	+0.14
CRM Salesforce Inc.	Add +33.0%	0.58%	+0.13
ALGN Align Technology Inc.	New	0.13%	+0.13
AMGN Amgen Inc.	Add +50.8%	0.56%	+0.12
LBPH Longboard Pharmaceuticals Inc.	Add +30.5%	0.15%	+0.11
ESTA Establishment Labs Holdings	Add +141.3%	0.15%	+0.11
ISRG Intuitive Surgical Inc.	Add +15.7%	0.78%	+0.11
RYAN Ryan Specialty Holdings Inc.	Add +17.7%	0.44%	+0.10
SWTX Springworks Therapeutics Inc.	New	0.09%	+0.09
NVT Nvent Electric PLC	New	0.09%	+0.09
C Citigroup Inc.	New	0.09%	+0.09
NU Nu Holdings Ltd./Cayman Isl-A	Add +6129.2%	0.09%	+0.09
GS Goldman Sachs Group Inc.	New	0.09%	+0.09
IBKR Interactive Brokers Gro Class A	Add +49.4%	0.21%	+0.09
LLY Eli Lilly & Co.	Add +7.2%	0.49%	+0.09
ROIV Roivant Sciences Ltd.	New	0.08%	+0.08
ICLR Icon PLC	Add +92.2%	0.17%	+0.08
PGR Progressive Corp.	Add +3.0%	0.66%	+0.08
BDX Becton Dickinson and Co.	Add +111.7%	0.17%	+0.08

Options Activity Q4 2023 → Q1 2024


ARM Arm Holdings PLC-ADR	call	Sold out	1,005,763	$71.3Mbefore exit
NAMS Newamsterdam Pharma Co. NV	call	Sold out	909,742	$10.2Mbefore exit
AAPL Apple Inc.	call	New	49,500	$8.5M
MSFT Microsoft Corp.	call	New	19,600	$8.2M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2023 → Q1 2024


UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	New	16,000,000	$18.0M
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	Reduce -49.0%	12,510,000	$15.4M
BLACKLINE INC (BL 0 03/15/26)	NOTE 3/1 · principal	Sold out	13,950,000	$12.3Mbefore exit
DATADOG INC (DDOG 0.125 06/15/25)	NOTE 0.125% 6/1 · principal	Sold out	8,750,000	$12.2Mbefore exit
ZILLOW GROUP INC (Z 2.75 05/15/25)	NOTE 2.750% 5/1 · principal	Sold out	10,000,000	$11.1Mbefore exit
DAYFORCE INC (DAY 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	Sold out	11,288,000	$10.2Mbefore exit
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	New	10,000,000	$9.9M
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	Reduce -20.0%	8,000,000	$9.5M
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	Reduce -15.0%	8,500,000	$8.1M
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	New	8,500,000	$7.9M
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	New	6,000,000	$6.7M
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29)	NOTE 2.875% 2/1 · principal	New	4,500,000	$5.6M
WOLF Wolfspeed Inc. (wolf 1.75 05/01/26)	NOTE 1.750% 5/0 · principal	Reduce -49.1%	5,700,000	$5.5M
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	Sold out	4,000,000	$5.5Mbefore exit
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	New	3,500,000	$5.0M
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	Reduce -69.7%	4,350,000	$4.0M
DROPBOX INC (DBX 0 03/01/28)	NOTE 3/0 · principal	Sold out	4,000,000	$4.0Mbefore exit
PATRICK INDUSTRIES INC (PATK 1.75 12/01/28)	NOTE 1.750%12/0 · principal	Sold out	3,000,000	$3.4Mbefore exit
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	New	3,000,000	$3.3M
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	Add +17.6%	2,000,000	$3.2M
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26)	NOTE 2.000% 6/1 · principal	Reduce -25.0%	3,000,000	$3.0M
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	Sold out	2,500,000	$2.8Mbefore exit
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	Reduce -47.4%	2,000,000	$2.7M
SSR MINING INC (SSRMCN 2.5 04/01/39)	NOTE 2.500% 4/0 · principal	Sold out	2,549,000	$2.4Mbefore exit
INSMED INC (INSM 0.75 06/01/28)	NOTE 0.750% 6/0 · principal	New	2,000,000	$2.1M
ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29)	NOTE 4.000% 3/1 · principal	New	1,500,000	$1.4M

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	224	$35.2B	NVDA, AMD, MU, SNDK, LRCX
Q1 2026	239	$22.9B	NVDA, AVGO, AMD, META, SNDK
Q4 2025	259	$21.9B	NVDA, AVGO, AMD, META, MSFT
Q3 2025	235	$20.7B	NVDA, META, AVGO, MSFT, NET
Q2 2025	249	$19.0B	NVDA, META, AVGO, MSFT, AMD
Q1 2025	258	$16.3B	NVDA, META, MSFT, AVGO, RNR
Q4 2024	271	$17.7B	NVDA, META, AVGO, MSFT, AAPL
Q3 2024	263	$20.8B	SW, NVDA, META, FERG, MSFT
Q2 2024	246	$16.8B	NVDA, MSFT, META, AVGO, GOOG
Q1 2024	252	$18.9B	FERG, NVDA, MSFT, INDV, META