Polar Capital Holdings Plc

Name: Polar Capital Holdings Plc 13F holdings, Q3 2024
Creator: Polar Capital Holdings Plc
Published: 2024-11-14

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

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Polar Capital Holdings Plc reported 263 stock positions worth $20.8 billion. Its top holding was Smurfit Westrock (SW) at 15.4% of the portfolio, followed by Nvidia (NVDA, 6.3%) and Meta Platforms Class A (META, 4.0%). Compared with Q2 2024, it opened 45 new positions, sold out of 28, added to 82 and reduced 112. The biggest buy was a new position in Smurfit Westrock (SW) and the biggest sale CrowdStrike Class A (CRWD, shares −97%).

Most Recent 13F: Q2 2026
Location: London, X0
CIK: 0001837309
Portfolio Value: $20.8B (Q3 2024)
SEC Filing: 0001172661-24-004785 ↗ filed Nov 14, 2024

Holdings Value

Holdings 263 stocks · $20.8B


SW Smurfit Westrock PLC	15.40%	527,770	$3.2B	New
NVDA Nvidia Corp.	6.29%	10,755,076	$1.3B	Add +0.2%
META Meta Platforms Inc. Class A	3.98%	1,444,868	$827.1M	Add +7.6%
FERG Ferguson Enterprises Inc.	3.49%	76,703	$725.3M	Reduce -25.0%
MSFT Microsoft Corp.	3.32%	1,605,143	$690.7M	Reduce -13.4%
AVGO Broadcom Inc.	2.49%	2,994,542	$516.6M	Add +2.1%
AMD Advanced Micro Devices	2.09%	2,640,329	$433.2M	Add +34.2%
RNR Renaissancere Holdings Ltd.	1.61%	1,228,306	$334.6M	Add +6.7%
ACGL Arch Capital Group Ltd.	1.60%	2,977,846	$333.2M	No change
ANET Arista Networks Inc.	1.58%	856,539	$328.8M	Add +4.5%
AAPL Apple Inc.	1.47%	1,306,755	$304.5M	Reduce -11.6%
NET Cloudflare Inc. Class A	1.40%	3,595,505	$290.8M	Add +22.9%
KLAC KLA Corp.	1.26%	339,335	$262.8M	Add +35.5%
GOOG Alphabet Inc. Class C	1.23%	1,530,173	$255.8M	Reduce -36.3%
CYBR Cyberark Software Ltd./Israel	1.22%	868,135	$253.2M	Reduce -4.6%
GOOGL Alphabet Inc. Class A	1.21%	1,518,961	$251.9M	Reduce -36.4%
CB Chubb Ltd.	1.15%	825,178	$238.0M	Reduce -2.9%
AMZN Amazon.com Inc.	1.12%	1,243,524	$231.7M	Reduce -22.6%
MELI MercadoLibre Inc.	1.10%	111,165	$228.1M	Add +109.8%
SPOT Spotify Technology SA	1.07%	605,581	$223.2M	Add +8.8%
MRSH Marsh & McLennan Cos	1.07%	996,375	$222.3M	Reduce -0.8%
MU Micron Technology Inc.	0.96%	1,925,873	$199.7M	Reduce -28.1%
MPWR Monolithic Power Systems Inc.	0.92%	205,829	$190.3M	Add +15.2%
NOW ServiceNow Inc.	0.88%	204,250	$182.7M	Add +5.7%
FSLR First Solar Inc.	0.81%	673,770	$168.1M	Add +45.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.80%	2,925,000	$165.9M	Add +0.8%
PGR Progressive Corp.	0.76%	625,833	$158.8M	Add +3.3%
APH Amphenol Corp. Class A	0.76%	2,423,255	$157.9M	Reduce -28.7%
ESNT Essent Group Ltd.	0.73%	2,350,000	$151.1M	No change
SHOP Shopify Inc. Class A	0.72%	1,871,887	$150.0M	Add +73.0%
AXON Axon Enterprise Inc.	0.68%	353,028	$141.1M	Add +4.2%
EG Everest Group Ltd.	0.68%	360,000	$141.1M	Add +2.6%
ISRG Intuitive Surgical Inc.	0.68%	286,413	$140.7M	Reduce -13.8%
NFLX Netflix Inc.	0.66%	194,373	$137.9M	Add +29.8%
MKL Markel Group Inc.	0.63%	83,000	$130.2M	Add +1.5%
TER Teradyne Inc.	0.62%	967,393	$129.6M	Reduce -1.6%
TSLA Tesla Inc.	0.61%	485,784	$127.1M	Reduce -2.4%
CYTK Cytokinetics Inc.	0.59%	2,337,847	$123.4M	Reduce -4.8%
AMGN Amgen Inc.	0.59%	381,938	$123.1M	Reduce -24.1%
MTSI Macom Technology Solutions H	0.59%	1,096,992	$122.1M	New
TRV The Travelers Cos Inc.	0.59%	520,000	$121.7M	Reduce -2.3%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.58%	1,089,615	$119.5M	Add +18.8%
P Everpure Inc. Class A filed as PURE STORAGE INC	0.57%	2,347,229	$117.9M	Reduce -32.0%
PCVX Vaxcyte Inc.	0.55%	995,779	$113.8M	New
RGA Reinsurance Group of America	0.49%	471,000	$102.6M	No change
PANW Palo Alto Networks Inc.	0.49%	300,052	$102.6M	Add +1172.3%
RYAN Ryan Specialty Holdings Inc.	0.48%	1,515,000	$100.6M	No change
ARM Arm Holdings PLC-ADR	0.47%	686,519	$98.2M	Add +7.5%
QCOM Qualcomm Inc.	0.47%	577,149	$98.1M	Reduce -57.7%
XENE Xenon Pharmaceuticals Inc.	0.46%	2,444,645	$96.2M	Reduce -3.6%
CLDX Celldex Therapeutics Inc.	0.45%	2,720,877	$92.5M	Reduce -11.6%
MMYT Makemytrip Ltd.	0.44%	988,040	$91.8M	Add +4.2%
LLY Eli Lilly & Co.	0.42%	97,935	$86.8M	Reduce -1.3%
DASH DoorDash Inc. Class A	0.42%	605,318	$86.4M	Add +567.2%
ALNY Alnylam Pharmaceuticals Inc.	0.41%	310,000	$85.3M	Add +8.8%
FN Fabrinet	0.40%	348,625	$82.4M	Reduce -6.5%
ORCL Oracle Corp.	0.40%	483,245	$82.3M	Add +221.3%
VRTX Vertex Pharmaceuticals Inc.	0.39%	175,000	$81.4M	No change
BPMC Blueprint Medicines Corp.	0.39%	877,005	$81.1M	Add +0.2%
RYTM Rhythm Pharmaceuticals Inc.	0.38%	1,500,000	$78.6M	No change
VRNS Varonis Systems Inc.	0.37%	1,349,728	$76.3M	Reduce -8.4%
REGN Regeneron Pharmaceuticals	0.36%	71,795	$75.5M	Reduce -46.0%
PDD PDD Holdings Inc.	0.34%	529,895	$71.4M	Add +5.7%
UNH Unitedhealth Group Inc.	0.34%	121,923	$71.3M	Reduce -5.5%
RNAM Avidity Biosciences Inc.	0.34%	1,542,126	$70.8M	Add +38.4%
HCA HCA Healthcare Inc.	0.32%	165,279	$67.2M	Add +0.2%
MNDY Monday.com Ltd.	0.32%	240,045	$66.7M	Add +251.2%
COHR Coherent Corp.	0.31%	723,238	$64.3M	New
ARQT Arcutis Biotherapeutics Inc.	0.31%	6,884,372	$64.0M	Add +0.1%
AVDL Avadel Pharmaceuticals Ltd.	0.31%	4,834,028	$63.4M	Reduce -26.3%
MRUS Merus NV	0.30%	1,267,052	$63.3M	No change
GLOB Globant SA	0.30%	316,167	$62.6M	Add +18.1%
CIEN Ciena Corp.	0.30%	1,015,146	$62.5M	New
PI Impinj Inc.	0.30%	286,189	$62.0M	New
SUPN Supernus Pharmaceuticals Inc.	0.29%	1,937,930	$60.4M	Reduce -0.1%
SE Sea Ltd.-ADR	0.28%	620,672	$58.5M	Add +9.1%
MDB Mongodb Inc.	0.28%	214,125	$57.9M	Add +187.7%
V Visa Inc. Class A	0.28%	210,322	$57.8M	Reduce -7.3%
HUBS HubSpot Inc.	0.28%	108,331	$57.6M	Add +0.7%
APP AppLovin Corp. Class A	0.27%	424,353	$55.4M	New
TRUP Trupanion Inc.	0.26%	1,300,000	$54.6M	Reduce -4.6%
ESTC Elastic NV	0.26%	692,120	$53.1M	Reduce -26.0%
JPM JPMorgan Chase & Co.	0.25%	249,943	$52.7M	Add +7.7%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.25%	3,813,008	$52.0M	Reduce -8.1%
AFL Aflac Inc.	0.25%	460,000	$51.4M	Reduce -5.2%
NTNX Nutanix Inc. Class A	0.25%	865,565	$51.3M	Add +62.3%
HGTY Hagerty Inc. Class A	0.24%	5,000,000	$50.9M	No change
BRK.B Berkshire Hathaway Inc. Class B	0.24%	109,786	$50.5M	Reduce -9.6%
INSM Insmed Inc.	0.24%	680,000	$49.6M	Add +166.7%
SWTX Springworks Therapeutics Inc.	0.23%	1,500,000	$48.1M	Add +50.0%
ETN Eaton Corp. PLC	0.23%	143,651	$47.6M	Add +146.2%
BSX Boston Scientific Corp.	0.22%	546,376	$45.8M	Reduce -10.5%
ABBV Abbvie Inc.	0.22%	231,471	$45.7M	Reduce -28.1%
ICE Intercontinental Exchange Inc.	0.22%	278,481	$44.7M	Add +1.1%
FAF First American Financial	0.21%	675,000	$44.6M	No change
AGIO Agios Pharmaceuticals Inc.	0.21%	1,002,036	$44.5M	New
ITGR Integer Holdings Corp.	0.21%	341,747	$44.4M	Reduce -6.1%
IOT Samsara Inc. Class A	0.21%	921,095	$44.3M	New
TCOM Trip.com Group Ltd.-ADR	0.21%	737,211	$43.8M	New
MA Mastercard Inc. Class A	0.21%	88,631	$43.8M	Reduce -26.2%
BRO Brown & Brown Inc.	0.21%	412,500	$42.7M	Add +3.1%
TBBB BBB Foods Inc. Class A	0.20%	1,392,191	$41.8M	New
MMSI Merit Medical Systems Inc.	0.20%	412,765	$40.8M	No change
ROIV Roivant Sciences Ltd.	0.19%	3,500,000	$40.4M	Add +133.3%
RLI Rli Corp.	0.19%	260,000	$40.3M	No change
FIS Fidelity National Info Serv	0.18%	454,631	$38.1M	Add +0.7%
CDNS Cadence Design SYS Inc.	0.18%	139,879	$37.9M	Reduce -38.3%
NUVL Nuvalent Inc. Class A	0.18%	362,500	$37.1M	Add +26.1%
LBPH Longboard Pharmaceuticals Inc.	0.18%	1,102,740	$36.8M	Reduce -18.6%
CGON CG Oncology Inc.	0.18%	967,055	$36.5M	No change
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC	0.17%	1,745,725	$34.8M	Add +17038.5%
ASND Ascendis Pharma A/S	0.16%	225,000	$33.6M	New
IBKR Interactive Brokers Gro Class A	0.16%	232,638	$32.4M	Reduce -8.1%
VTEX Vtex Class A	0.15%	4,292,617	$31.9M	Add +260.6%
APLS Apellis Pharmaceuticals Inc.	0.15%	1,082,000	$31.2M	Add +0.2%
CRH CRH PLC	0.14%	324,215	$30.1M	Reduce -20.8%
PODD Insulet Corp.	0.14%	127,204	$29.6M	Reduce -2.8%
SPGI S&P Global Inc.	0.14%	55,461	$28.7M	Reduce -15.8%
WMT Walmart Inc.	0.13%	330,570	$26.7M	Reduce -8.1%
MIRM Mirum Pharmaceuticals Inc.	0.13%	675,000	$26.3M	Reduce -8.9%
MCK McKesson Corp.	0.12%	52,254	$25.8M	Reduce -60.2%
MLTX Moonlake Immunotherapeutics	0.12%	500,000	$25.2M	Reduce -26.3%
USFD US Foods Holding Corp.	0.12%	408,937	$25.1M	Reduce -11.1%
NAMS Newamsterdam Pharma Co. NV	0.12%	1,505,000	$25.0M	Add +50.1%
ICLR Icon PLC	0.12%	84,957	$24.4M	Reduce -30.7%
ACHC Acadia Healthcare Co. Inc.	0.12%	384,579	$24.4M	Reduce -66.4%
LIN Linde PLC	0.12%	51,055	$24.3M	Reduce -19.2%
LEGN Legend Biotech Corp.-ADR	0.12%	496,238	$24.2M	Add +140.2%
YMAB Y-Mabs Therapeutics Inc.	0.12%	1,831,000	$24.1M	No change
DDOG Datadog Inc. Class A	0.11%	206,870	$23.8M	Reduce -63.4%
ESTA Establishment Labs Holdings	0.11%	546,519	$23.6M	No change
SRRK Scholar Rock Holding Corp.	0.11%	2,940,672	$23.6M	No change
ELV Elevance Health Inc.	0.11%	44,012	$22.9M	Reduce -57.8%
BCYC Bicycle Therapeutics PLC-ADR	0.11%	1,002,780	$22.7M	Reduce -0.2%
PLRX Pliant Therapeutics Inc.	0.11%	2,015,000	$22.6M	No change
NVT Nvent Electric PLC	0.11%	317,924	$22.3M	Add +25.2%
ATR Aptargroup Inc.	0.11%	137,207	$22.0M	Add +18.8%
BRKR Bruker Corp.	0.11%	317,501	$21.9M	Add +16.9%
FISV Fiserv Inc.	0.10%	119,632	$21.5M	Reduce -11.1%
MDGL Madrigal Pharmaceuticals Inc.	0.10%	100,475	$21.3M	Reduce -19.8%
CRTO Criteo SA-Spon	0.10%	516,495	$20.8M	New
IDYA Ideaya Biosciences Inc.	0.10%	655,000	$20.8M	New
CVE Cenovus Energy Inc.	0.10%	1,017,617	$20.5M	New
ADI Analog Devices Inc.	0.10%	89,167	$20.5M	Reduce -29.1%
CVLT Commvault Systems Inc.	0.10%	128,481	$19.8M	Add +11.1%
CNC Centene Corp.	0.09%	261,504	$19.7M	Reduce -11.1%
DOX Amdocs Ltd.	0.09%	222,900	$19.5M	Reduce -11.1%
ALC Alcon Inc. filed as ALCON AG	0.09%	215,663	$19.0M	New
BKNG Booking Holdings Inc.	0.09%	4,466	$18.8M	Reduce -11.1%
SSNC Ss&c Technologies Holdings	0.09%	248,227	$18.4M	Add +10.7%
SLN Silence Therapeutics PLC-ADR	0.09%	1,000,000	$18.2M	Add +6.4%
MRVL Marvell Technology Inc.	0.09%	251,000	$18.1M	Reduce -76.5%
UNP Union Pacific Corp.	0.09%	72,510	$17.9M	Reduce -11.1%
PEN Penumbra Inc.	0.09%	90,836	$17.7M	Reduce -18.3%
AVTR Avantor Inc.	0.08%	678,663	$17.6M	New
MKSI MKS Inc. filed as MKS INSTRS INC	0.08%	156,477	$17.0M	Add +3.4%
H Hyatt Hotels Corp. Class A	0.08%	109,751	$16.7M	Reduce -11.1%
ELVN Enliven Therapeutics Inc.	0.08%	650,000	$16.6M	No change
TMUS T-Mobile US Inc.	0.08%	78,168	$16.1M	Reduce -11.1%
LOW Lowe's Cos Inc.	0.08%	58,845	$15.9M	New
PTGX Protagonist Therapeutics Inc.	0.08%	350,000	$15.8M	New
AMG Affiliated Managers Group	0.08%	88,532	$15.7M	Add +35.2%
IMCR Immunocore Holdings PLC-ADR	0.08%	501,755	$15.6M	Reduce -0.2%
OTEX Open Text Corp.	0.07%	377,405	$15.2M	New
LFUS Littelfuse Inc.	0.07%	55,545	$14.7M	Add +9.0%
NDAQ Nasdaq Inc.	0.07%	201,502	$14.7M	Add +33.5%
SYRE Spyre Therapeutics Inc.	0.07%	500,000	$14.7M	No change
AXS Axis Capital Holdings Ltd.	0.07%	182,927	$14.6M	New
VRT Vertiv Holdings Co. Class A	0.07%	145,800	$14.5M	Add +1225.5%
CNQ Canadian Natural Resources	0.07%	360,272	$14.4M	New
RBLX Roblox Corp. Class A	0.07%	323,128	$14.3M	Add +90.7%
FWONK Liberty Media Corp. Class C	0.07%	180,495	$14.0M	Reduce -11.1%
UBER Uber Technologies Inc.	0.06%	177,370	$13.3M	Reduce -31.0%
PLTR Palantir Technologies Inc. Class A	0.06%	356,433	$13.3M	New
STVN Stevanato Group SPA	0.06%	657,190	$13.1M	New
BIOX Bioceres Crop Solutions Corp.	0.06%	1,648,852	$13.0M	Add +7.6%
WFC Wells Fargo & Co.	0.06%	222,334	$12.6M	Reduce -35.8%
URI United Rentals Inc.	0.06%	15,314	$12.4M	Reduce -42.0%
QGEN Qiagen NV	0.06%	240,484	$12.4M	New
ECL Ecolab Inc.	0.06%	48,298	$12.3M	New
ARES Ares Management Corp. Class A	0.06%	78,986	$12.3M	No change
NVMI Nova Ltd.	0.06%	58,611	$12.2M	Add +30.0%
ALL Allstate Corp.	0.06%	64,040	$12.1M	Add +49.9%
GL Globe Life Inc.	0.06%	113,556	$12.0M	New
LITE Lumentum Holdings Inc.	0.06%	187,000	$11.9M	Reduce -12.6%
GEV GE Vernova Inc.	0.06%	46,000	$11.7M	Add +3.4%
DXCM Dexcom Inc.	0.05%	167,500	$11.2M	Reduce -45.1%
KVYO Klaviyo Inc. Class A	0.05%	316,745	$11.2M	Add +99.3%
JSPR Jasper Therapeutics Inc.	0.05%	581,538	$10.9M	No change
DD Dupont DE Nemours Inc.	0.05%	121,952	$10.9M	Add +69.8%
GEHC GE Healthcare Technology	0.05%	115,102	$10.8M	Add +75.2%
KKR KKR & Co. Inc.	0.05%	82,380	$10.8M	No change
SITM Sitime Corp.	0.05%	62,171	$10.7M	New
GS Goldman Sachs Group Inc.	0.05%	21,066	$10.4M	Reduce -43.0%
XYZ Block Inc.	0.05%	154,924	$10.4M	New
CNTA Centessa Pharmaceuticals Ltd.	0.05%	640,000	$10.2M	New
ON On Semiconductor	0.05%	136,100	$9.9M	Add +931.1%
TECK Teck Resources Ltd.-CLS B	0.05%	185,130	$9.7M	Reduce -11.1%
SNDX Syndax Pharmaceuticals Inc.	0.05%	500,000	$9.6M	New
CRDO Credo Technology Group Holdi	0.04%	301,000	$9.3M	Add +56.0%
RXST Rxsight Inc.	0.04%	184,907	$9.1M	Reduce -16.2%
FDMT 4D Molecular Therapeutics Inc.	0.04%	838,492	$9.1M	Reduce -51.9%
CLS Celestica Inc.	0.04%	174,288	$8.9M	New
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.04%	208,189	$8.7M	Add +53.9%
BX Blackstone Inc.	0.04%	56,460	$8.6M	Add +1.6%
CCEP Coca-Cola Europacific Partne	0.04%	109,051	$8.6M	Reduce -16.1%
C Citigroup Inc.	0.04%	134,384	$8.4M	Reduce -49.5%
AXP American Express Co.	0.04%	30,843	$8.4M	Reduce -27.9%
CNNE Cannae Holdings Inc.	0.04%	436,418	$8.3M	Reduce -6.3%
MAR Marriott International Class A	0.04%	33,375	$8.3M	Reduce -11.1%
GLBE Global-E Online Ltd.	0.04%	213,793	$8.2M	New
CNM Core & Main Inc. Class A	0.04%	184,196	$8.2M	Reduce -28.9%
SNPS Synopsys Inc.	0.04%	15,622	$7.9M	Reduce -90.2%
LII Lennox International Inc.	0.04%	12,150	$7.3M	Reduce -36.3%
LIVN Livanova PLC	0.03%	125,764	$6.6M	Reduce -29.8%
TNDM Tandem Diabetes Care Inc.	0.03%	153,952	$6.5M	New
NXPI NXP Semiconductors NV	0.03%	26,950	$6.5M	Reduce -15.3%
HTHT H World Group Ltd.-ADR	0.03%	172,456	$6.4M	Reduce -23.7%
DE Deere & Co.	0.03%	15,355	$6.4M	Reduce -24.0%
TSHA Taysha Gene Therapies Inc.	0.03%	3,025,000	$6.1M	No change
BOW Bowhead Specialty Holdings I	0.03%	211,262	$5.9M	Add +5.6%
MP MP Materials Corp.	0.03%	331,000	$5.8M	Reduce -54.8%
CARR Carrier Global Corp.	0.03%	71,800	$5.8M	Reduce -11.4%
CRWD CrowdStrike Holdings Inc. Class A	0.03%	19,975	$5.6M	Reduce -97.4%
BRZE Braze Inc. Class A	0.03%	172,758	$5.6M	Reduce -33.0%
FLNC Fluence Energy Inc.	0.03%	234,500	$5.3M	Reduce -45.1%
DOCS Doximity Inc. Class A	0.03%	120,000	$5.2M	New
CHE Chemed Corp.	0.03%	8,658	$5.2M	Add +5.5%
EXEL Exelixis Inc.	0.03%	200,000	$5.2M	No change
SN Sharkninja Inc.	0.02%	43,256	$4.7M	New
CLBT Cellebrite Di Ltd.	0.02%	277,397	$4.7M	New
IRTC Irhythm Holdings Inc.	0.02%	57,165	$4.2M	Reduce -25.5%
CTNM Contineum Therapeutics Inc. Class A	0.02%	216,601	$4.1M	Add +1.0%
ADUS Addus Homecare Corp.	0.02%	29,164	$3.9M	Reduce -13.2%
ADSK Autodesk Inc.	0.02%	13,150	$3.6M	Reduce -26.5%
ENS Enersys	0.02%	35,200	$3.6M	Add +214.3%
CGNX Cognex Corp.	0.02%	88,500	$3.6M	Reduce -44.0%
SYK Stryker Corp.	0.02%	8,858	$3.2M	Reduce -92.2%
LSCC Lattice Semiconductor Corp.	0.01%	58,500	$3.1M	Add +564.8%
CAMT Camtek Ltd.	0.01%	38,156	$3.0M	New
DAWN Day One Biopharmaceuticals I	0.01%	185,000	$2.6M	Reduce -80.2%
APD Air Products & Chemicals Inc.	0.01%	8,200	$2.4M	Add +264.4%
NBIX Neurocrine Biosciences Inc.	0.01%	20,000	$2.3M	Reduce -96.7%
THC Tenet Healthcare Corp.	0.01%	13,503	$2.2M	Reduce -68.4%
HOLX Hologic Inc.	0.01%	25,893	$2.1M	Reduce -69.2%
NVST Envista Holdings Corp.	0.01%	102,849	$2.0M	Reduce -11.1%
TMDX Transmedics Group Inc.	0.01%	9,477	$1.5M	New
QRVO Qorvo Inc.	0.01%	12,300	$1.3M	Reduce -86.3%
ANSS Ansys Inc.	0.00%	1,400	$446K	Reduce -94.4%
EHC Encompass Health Corp.	0.00%	3,600	$348K	Add +8.1%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC	0.00%	4,000	$288K	New
HQY Healthequity Inc.	0.00%	3,160	$259K	Reduce -29.5%
TRMB Trimble Inc.	0.00%	4,000	$248K	Reduce -20.0%
TEL Te Connectivity PLC	0.00%	1,500	$226K	New
NTRA Natera Inc.	0.00%	1,755	$223K	Reduce -63.0%
BABA Alibaba Group Holding-SP ADR	0.00%	1,928	$205K	New
NTES Netease Inc.-ADR	0.00%	2,157	$202K	New
PRVA Privia Health Group Inc.	0.00%	10,540	$192K	No change
GDRX Goodrx Holdings Inc. Class A	0.00%	12,360	$86K	New
LFST Lifestance Health Group Inc.	0.00%	11,500	$81K	New
STXS Stereotaxis Inc.	0.00%	35,800	$73K	Reduce -38.9%
LAB Standard Biotools Inc.	0.00%	35,585	$69K	Reduce -37.1%
CERS Cerus Corp.	0.00%	13,540	$24K	Reduce -49.0%

Options reported separately and not counted above: AAPL calls ($11.0M), MSFT calls ($8.5M), XLF puts ($295K).

Other holdings (23): bonds, preferreds, convertibles and warrants · $168.5M (not counted above)

Security	Class	Shares / Principal	Value	Change
UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	20,000,000	$22.2M	Reduce -14.9%
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	14,360,000	$17.2M	Reduce -4.3%
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	12,750,000	$14.7M	Add +30.8%
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29)	NOTE 3.875% 8/1 · principal	14,240,000	$13.3M	New
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	12,500,000	$12.9M	New
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	9,500,000	$10.3M	New
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	9,500,000	$8.7M	Add +375.0%
IMPINJ INC (PI 1.125 05/15/27)	NOTE 1.125% 5/1 · principal	4,300,000	$8.6M	New
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25)	NOTE 0.125% 5/0 · principal	7,500,000	$8.4M	No change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	6,600,000	$7.5M	Add +20.0%
LI AUTO INC (LI 0.25 05/01/28)	NOTE 0.250% 5/0 · principal	6,000,000	$7.1M	New
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	4,500,000	$5.5M	Add +80.0%
WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25)	NOTE 1.500% 4/0 · principal	4,500,000	$4.7M	No change
WORLD KINECT GROUP (WKC 3.25 07/01/28)	NOTE 3.250% 7/0 · principal	3,100,000	$3.8M	New
TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28)	NOTE 1.500% 6/0 · principal	2,000,000	$3.7M	No change
INSULET CORPORATION (PODD 0.375 09/01/26)	NOTE 0.375% 9/0 · principal	3,000,000	$3.6M	No change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	3,500,000	$3.5M	No change
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	3,000,000	$3.5M	No change
SEAGATE HDD CAYMAN (STX 3.5 06/01/28)	NOTE 3.500% 6/0 · principal	2,000,000	$2.8M	New
CYTOKINETICS INC (CYTK 3.5 07/01/27)	NOTE 3.500% 7/0 · principal	2,000,000	$2.6M	No change
WAYFAIR INC (W 3.5 11/15/28)	NOTE 3.500%11/1 · principal	1,000,000	$1.5M	New
FLUOR CORP (FLR 1.125 08/15/29)	NOTE 1.125% 8/1 · principal	1,000,000	$1.2M	New
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27)	NOTE 2.250% 8/1 · principal	1,000,000	$1.1M	No change

Total filed on the 13F, all lines: $20.9B.

Portfolio Sells Q2 2024 → Q3 2024


CRWD CrowdStrike Holdings Inc. Class A	Reduce -97.4%	0.03%	−1.74
MSFT Microsoft Corp.	Reduce -13.4%	3.32%	−1.60
GOOG Alphabet Inc. Class C	Reduce -36.3%	1.23%	−1.39
GOOGL Alphabet Inc. Class A	Reduce -36.4%	1.21%	−1.37
QCOM Qualcomm Inc.	Reduce -57.7%	0.47%	−1.14
MU Micron Technology Inc.	Reduce -28.1%	0.96%	−1.13
AMAT Applied Materials Inc.	Sold out	0.00%	−0.83
P Everpure Inc. Class A	Reduce -32.0%	0.57%	−0.75
CFLT Confluent Inc. Class A	Sold out	0.00%	−0.74
AMZN Amazon.com Inc.	Reduce -22.6%	1.12%	−0.73
APH Amphenol Corp. Class A	Reduce -28.7%	0.76%	−0.60
SNPS Synopsys Inc.	Reduce -90.2%	0.04%	−0.53
PINS Pinterest Inc. Class A	Sold out	0.00%	−0.52
NBIX Neurocrine Biosciences Inc.	Reduce -96.7%	0.01%	−0.49
REGN Regeneron Pharmaceuticals	Reduce -46.0%	0.36%	−0.47
AAPL Apple Inc.	Reduce -11.6%	1.47%	−0.39
ESTC Elastic NV	Reduce -26.0%	0.26%	−0.38
MRVL Marvell Technology Inc.	Reduce -76.5%	0.09%	−0.36
AMGN Amgen Inc.	Reduce -24.1%	0.59%	−0.34
ACHC Acadia Healthcare Co. Inc.	Reduce -66.4%	0.12%	−0.34
MCK McKesson Corp.	Reduce -60.2%	0.12%	−0.33
DDOG Datadog Inc. Class A	Reduce -63.4%	0.11%	−0.32
BIIB Biogen Inc.	Sold out	0.00%	−0.31
CYBR Cyberark Software Ltd./Israel	Reduce -4.6%	1.22%	−0.26
TER Teradyne Inc.	Reduce -1.6%	0.62%	−0.24
AVDL Avadel Pharmaceuticals Ltd.	Reduce -26.3%	0.31%	−0.24
CDNS Cadence Design SYS Inc.	Reduce -38.3%	0.18%	−0.23
CLDX Celldex Therapeutics Inc.	Reduce -11.6%	0.45%	−0.23
KSPI JSC Kaspi.kz ADR	Sold out	0.00%	−0.23
ELV Elevance Health Inc.	Reduce -57.8%	0.11%	−0.23
SYK Stryker Corp.	Reduce -92.2%	0.02%	−0.21
ISRG Intuitive Surgical Inc.	Reduce -13.8%	0.68%	−0.20
CYTK Cytokinetics Inc.	Reduce -4.8%	0.59%	−0.20
MRSH Marsh & McLennan Cos	Reduce -0.8%	1.07%	−0.19
FDMT 4D Molecular Therapeutics Inc.	Reduce -51.9%	0.04%	−0.17
BDX Becton Dickinson and Co.	Sold out	0.00%	−0.17
DXCM Dexcom Inc.	Reduce -45.1%	0.05%	−0.15
FN Fabrinet	Reduce -6.5%	0.40%	−0.15
VERA Vera Therapeutics Inc.	Sold out	0.00%	−0.15
CB Chubb Ltd.	Reduce -2.9%	1.15%	−0.14
XENE Xenon Pharmaceuticals Inc.	Reduce -3.6%	0.46%	−0.12
LLY Eli Lilly & Co.	Reduce -1.3%	0.42%	−0.12
ICLR Icon PLC	Reduce -30.7%	0.12%	−0.11
ALGN Align Technology Inc.	Sold out	0.00%	−0.11
ABBV Abbvie Inc.	Reduce -28.1%	0.22%	−0.11
MDGL Madrigal Pharmaceuticals Inc.	Reduce -19.8%	0.10%	−0.11
MA Mastercard Inc. Class A	Reduce -26.2%	0.21%	−0.10
PRA Proassurance Corp.	Sold out	0.00%	−0.10
WOLF Wolfspeed Inc.	Sold out	0.00%	−0.09
FROG Jfrog Ltd.	Sold out	0.00%	−0.08

Portfolio Buys Q2 2024 → Q3 2024


SW Smurfit Westrock PLC	New	15.40%	+15.40
MTSI Macom Technology Solutions H	New	0.59%	+0.59
MELI MercadoLibre Inc.	Add +109.8%	1.10%	+0.58
PCVX Vaxcyte Inc.	New	0.55%	+0.55
PANW Palo Alto Networks Inc.	Add +1172.3%	0.49%	+0.45
DASH DoorDash Inc. Class A	Add +567.2%	0.42%	+0.36
COHR Coherent Corp.	New	0.31%	+0.31
CIEN Ciena Corp.	New	0.30%	+0.30
PI Impinj Inc.	New	0.30%	+0.30
SHOP Shopify Inc. Class A	Add +73.0%	0.72%	+0.30
ORCL Oracle Corp.	Add +221.3%	0.40%	+0.27
APP AppLovin Corp. Class A	New	0.27%	+0.27
MNDY Monday.com Ltd.	Add +251.2%	0.32%	+0.22
AGIO Agios Pharmaceuticals Inc.	New	0.21%	+0.21
IOT Samsara Inc. Class A	New	0.21%	+0.21
TCOM Trip.com Group Ltd.-ADR	New	0.21%	+0.21
TBBB BBB Foods Inc. Class A	New	0.20%	+0.20
AMD Advanced Micro Devices	Add +34.2%	2.09%	+0.19
FSLR First Solar Inc.	Add +45.3%	0.81%	+0.19
MDB Mongodb Inc.	Add +187.7%	0.28%	+0.17
BEKE Ke Holdings Inc.-ADR	Add +17038.5%	0.17%	+0.17
ASND Ascendis Pharma A/S	New	0.16%	+0.16
INSM Insmed Inc.	Add +166.7%	0.24%	+0.14
ETN Eaton Corp. PLC	Add +146.2%	0.23%	+0.12
VTEX Vtex Class A	Add +260.6%	0.15%	+0.10
ROIV Roivant Sciences Ltd.	Add +133.3%	0.19%	+0.10
CRTO Criteo SA-Spon	New	0.10%	+0.10
IDYA Ideaya Biosciences Inc.	New	0.10%	+0.10
CVE Cenovus Energy Inc.	New	0.10%	+0.10
ALC Alcon Inc.	New	0.09%	+0.09
AXON Axon Enterprise Inc.	Add +4.2%	0.68%	+0.09
AVTR Avantor Inc.	New	0.08%	+0.08
RNR Renaissancere Holdings Ltd.	Add +6.7%	1.61%	+0.08
LOW Lowe's Cos Inc.	New	0.08%	+0.08
PTGX Protagonist Therapeutics Inc.	New	0.08%	+0.08
OTEX Open Text Corp.	New	0.07%	+0.07
RNAM Avidity Biosciences Inc.	Add +38.4%	0.34%	+0.07
AXS Axis Capital Holdings Ltd.	New	0.07%	+0.07
CNQ Canadian Natural Resources	New	0.07%	+0.07
NTNX Nutanix Inc. Class A	Add +62.3%	0.25%	+0.07
VRT Vertiv Holdings Co. Class A	Add +1225.5%	0.07%	+0.06
PLTR Palantir Technologies Inc. Class A	New	0.06%	+0.06
STVN Stevanato Group SPA	New	0.06%	+0.06
NFLX Netflix Inc.	Add +29.8%	0.66%	+0.06
LEGN Legend Biotech Corp.-ADR	Add +140.2%	0.12%	+0.06
QGEN Qiagen NV	New	0.06%	+0.06
ECL Ecolab Inc.	New	0.06%	+0.06
GL Globe Life Inc.	New	0.06%	+0.06
SITM Sitime Corp.	New	0.05%	+0.05
XYZ Block Inc.	New	0.05%	+0.05

Options Activity Q2 2024 → Q3 2024


AAPL Apple Inc.	call	Reduce -0.8%	47,052	$11.0M
XLF SS Financial Select Sector	put	New	6,500	$295K

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

Notes & Other Activity Q2 2024 → Q3 2024


UBER TECHNOLOGIES INC (UBER 0 12/15/25)	NOTE 12/1 · principal	Reduce -14.9%	20,000,000	$22.2M
NUTANIX INC (NTNX 0.25 10/01/27)	NOTE 0.250%10/0 · principal	Reduce -4.3%	14,360,000	$17.2M
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28)	NOTE 2.250% 4/0 · principal	Add +30.8%	12,750,000	$14.7M
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29)	NOTE 3.875% 8/1 · principal	New	14,240,000	$13.3M
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27)	NOTE 2.500% 3/1 · principal	New	12,500,000	$12.9M
LIVE NATION ENTERTAINMEN (LYV 2 02/15/25)	NOTE 2.000% 2/1 · principal	New	9,500,000	$10.3M
BLOOM ENERGY CORP (BE 3 06/01/28)	NOTE 3.000% 6/0 · principal	Add +375.0%	9,500,000	$8.7M
IMPINJ INC (PI 1.125 05/15/27)	NOTE 1.125% 5/1 · principal	New	4,300,000	$8.6M
WAYFAIR INC (W 1 08/15/26)	NOTE 1.000% 8/1 · principal	Sold out	8,500,000	$7.7Mbefore exit
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27)	NOTE 1.250% 9/1 · principal	Add +20.0%	6,600,000	$7.5M
LI AUTO INC (LI 0.25 05/01/28)	NOTE 0.250% 5/0 · principal	New	6,000,000	$7.1M
ZSCALER INC. (ZS 0.125 07/01/25)	NOTE 0.125% 7/0 · principal	Add +80.0%	4,500,000	$5.5M
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27)	NOTE 1.000% 9/1 · principal	Sold out	4,000,000	$4.3Mbefore exit
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	Sold out	4,000,000	$3.9Mbefore exit
WORLD KINECT GROUP (WKC 3.25 07/01/28)	NOTE 3.250% 7/0 · principal	New	3,100,000	$3.8M
ZILLOW GROUP INC (Z 1.375 09/01/26)	NOTE 1.375% 9/0 · principal	Sold out	3,000,000	$3.6Mbefore exit
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28)	NOTE 1.000%12/0 · principal	Sold out	4,350,000	$3.5Mbefore exit
INTERDIGITAL INC (IDCC 3.5 06/01/27)	NOTE 3.500% 6/0 · principal	Sold out	2,000,000	$3.1Mbefore exit
SEAGATE HDD CAYMAN (STX 3.5 06/01/28)	NOTE 3.500% 6/0 · principal	New	2,000,000	$2.8M
BREAD FINANCIAL HLDGS (BFH 4.25 06/15/28)	NOTE 4.250% 6/1 · principal	Sold out	2,000,000	$2.7Mbefore exit
BLOCK INC (XYZ 0.125 03/01/25)	NOTE 0.125% 3/0 · principal	Sold out	2,500,000	$2.4Mbefore exit
EXACT SCIENCES CORP (EXAS 0.375 03/15/27)	NOTE 0.375% 3/1 · principal	Sold out	2,500,000	$2.2Mbefore exit
WAYFAIR INC (W 3.5 11/15/28)	NOTE 3.500%11/1 · principal	New	1,000,000	$1.5M
M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	Sold out	1,000,000	$1.4Mbefore exit
FLUOR CORP (FLR 1.125 08/15/29)	NOTE 1.125% 8/1 · principal	New	1,000,000	$1.2M

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