Polar Capital Holdings Plc
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Polar Capital Holdings Plc reported 249 stock positions worth $19.0 billion. Its top holding was Nvidia (NVDA) at 8.1% of the portfolio, followed by Meta Platforms Class A (META, 5.3%) and Broadcom (AVGO, 4.4%). Compared with Q1 2025, it opened 27 new positions, sold out of 36, added to 96 and reduced 114. The biggest buy was Broadcom (AVGO, shares +27%) and the biggest sale Ferguson Enterprises (FERG, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001837309
- Portfolio Value
- $19.0B (Q2 2025)
- SEC Filing
- 0001172661-25-003304 ↗ filed Aug 14, 2025
Holdings Value
Holdings 249 stocks · $19.0B
| NVDA Nvidia Corp. | 8.13% | 9,771,651 | $1.5B | Add +1.9% |
| META Meta Platforms Inc. Class A | 5.34% | 1,375,173 | $1.0B | Reduce -11.3% |
| AVGO Broadcom Inc. | 4.38% | 3,016,946 | $831.6M | Add +27.2% |
| MSFT Microsoft Corp. | 3.68% | 1,383,728 | $698.7M | Add +15.8% |
| AMD Advanced Micro Devices | 2.37% | 3,167,740 | $449.5M | Add +80.8% |
| NET Cloudflare Inc. Class A | 1.97% | 1,913,958 | $374.8M | Reduce -15.7% |
| HOOD Robinhood Markets Inc. Class A | 1.76% | 3,562,583 | $333.6M | Add +5.9% |
| RNR Renaissancere Holdings Ltd. | 1.75% | 1,367,602 | $332.2M | Add +1.1% |
| SPOT Spotify Technology SA | 1.67% | 413,741 | $317.5M | Reduce -9.4% |
| ORCL Oracle Corp. | 1.67% | 1,448,445 | $316.7M | Add +62.0% |
| ACGL Arch Capital Group Ltd. | 1.62% | 3,390,000 | $308.7M | Add +5.5% |
| VRT Vertiv Holdings Co. Class A | 1.58% | 2,344,237 | $301.0M | Add +440.9% |
| GEV GE Vernova Inc. | 1.37% | 490,115 | $259.3M | Add +18.5% |
| MELI MercadoLibre Inc. | 1.32% | 95,954 | $250.8M | Reduce -5.0% |
| AMZN Amazon.com Inc. | 1.19% | 1,034,178 | $226.9M | Reduce -12.9% |
| CRDO Credo Technology Group Holdi | 1.16% | 2,388,456 | $221.1M | Add +22.9% |
| CLS Celestica Inc. | 1.16% | 1,407,159 | $219.7M | Reduce -16.7% |
| CB Chubb Ltd. | 1.14% | 750,000 | $217.3M | Add +0.4% |
| MU Micron Technology Inc. | 1.14% | 1,751,617 | $215.9M | Add +13.1% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.13% | 2,925,000 | $214.9M | No change |
| NFLX Netflix Inc. | 1.12% | 158,651 | $212.5M | Reduce -23.7% |
| AAPL Apple Inc. | 1.11% | 1,036,638 | $210.5M | Reduce -20.2% |
| APH Amphenol Corp. Class A | 1.07% | 2,064,599 | $203.9M | Add +63.4% |
| KLAC KLA Corp. | 1.06% | 225,442 | $201.9M | Reduce -27.0% |
| MRSH Marsh & McLennan Cos | 1.05% | 910,000 | $199.0M | Add +4.1% |
| SNOW Snowflake Inc. | 1.02% | 869,365 | $194.5M | Reduce -24.7% |
| FN Fabrinet | 1.02% | 658,225 | $194.0M | Add +239.5% |
| FLEX Flex Ltd. | 0.99% | 3,749,054 | $187.2M | Add +34.3% |
| SHOP Shopify Inc. Class A | 0.98% | 1,613,211 | $186.1M | Add +14.1% |
| COHR Coherent Corp. | 0.96% | 2,054,194 | $183.3M | Add +2.8% |
| CYBR Cyberark Software Ltd./Israel | 0.91% | 423,426 | $172.3M | Reduce -45.4% |
| GOOG Alphabet Inc. Class C | 0.90% | 964,380 | $171.1M | Reduce -25.1% |
| GOOGL Alphabet Inc. Class A | 0.90% | 966,987 | $170.4M | Reduce -27.4% |
| MKL Markel Group Inc. | 0.88% | 84,000 | $167.8M | Add +4.7% |
| DASH DoorDash Inc. Class A | 0.88% | 675,544 | $166.5M | Add +60.7% |
| ESNT Essent Group Ltd. | 0.86% | 2,675,000 | $162.5M | Add +0.9% |
| STX Seagate Technology Holdings | 0.83% | 1,094,519 | $158.0M | New |
| LITE Lumentum Holdings Inc. | 0.82% | 1,644,092 | $156.3M | Add +912.4% |
| PGR Progressive Corp. | 0.78% | 554,972 | $148.1M | Reduce -9.4% |
| ASND Ascendis Pharma A/S | 0.76% | 837,777 | $144.6M | Add +59.6% |
| TRV The Travelers Cos Inc. | 0.74% | 523,000 | $139.9M | No change |
| EG Everest Group Ltd. | 0.73% | 410,500 | $139.5M | Add +3.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.73% | 270,534 | $137.8M | Reduce -22.2% |
| LRCX Lam Research Corp. | 0.71% | 1,391,611 | $135.5M | New |
| MTSI Macom Technology Solutions H | 0.70% | 930,551 | $133.3M | Add +18.9% |
| AXON Axon Enterprise Inc. | 0.69% | 158,211 | $131.0M | Reduce -28.7% |
| RGA Reinsurance Group of America | 0.56% | 537,500 | $106.6M | Add +11.4% |
| PANW Palo Alto Networks Inc. | 0.55% | 515,076 | $105.4M | Reduce -13.4% |
| CIEN Ciena Corp. | 0.55% | 1,284,523 | $104.5M | Add +4.0% |
| ANET Arista Networks Inc. | 0.54% | 1,011,227 | $103.5M | Reduce -39.1% |
| RYAN Ryan Specialty Holdings Inc. | 0.54% | 1,515,000 | $103.0M | No change |
| TWLO Twilio Inc. Class A | 0.52% | 792,236 | $98.5M | Reduce -29.9% |
| UBER Uber Technologies Inc. | 0.50% | 1,026,684 | $95.8M | Add +338.1% |
| TSLA Tesla Inc. | 0.50% | 300,185 | $95.4M | Reduce -10.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.50% | 6,908,602 | $94.8M | Add +13.7% |
| CYTK Cytokinetics Inc. | 0.49% | 2,798,401 | $92.5M | Add +13.9% |
| PLTR Palantir Technologies Inc. Class A | 0.48% | 666,845 | $90.9M | Reduce -6.3% |
| GLW Corning Inc. | 0.46% | 1,663,028 | $87.5M | Reduce -50.1% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.45% | 1,485,934 | $85.6M | Reduce -42.6% |
| MRUS Merus NV | 0.45% | 1,611,049 | $84.7M | Reduce -5.6% |
| XENE Xenon Pharmaceuticals Inc. | 0.45% | 2,703,256 | $84.6M | Add +3.1% |
| SE Sea Ltd.-ADR | 0.44% | 521,486 | $83.4M | Reduce -1.4% |
| VRNA Verona Pharma Ltd. | 0.44% | 875,000 | $82.8M | New |
| BABA Alibaba Group Holding-SP ADR | 0.42% | 711,725 | $80.7M | Reduce -66.8% |
| NOW ServiceNow Inc. | 0.42% | 77,156 | $79.3M | Reduce -21.4% |
| RYTM Rhythm Pharmaceuticals Inc. | 0.42% | 1,250,870 | $79.0M | Add +150.2% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.41% | 237,500 | $77.4M | Reduce -15.2% |
| TRUP Trupanion Inc. | 0.38% | 1,300,000 | $72.0M | Reduce -3.7% |
| NVMI Nova Ltd. | 0.38% | 259,781 | $71.5M | Reduce -31.9% |
| INSM Insmed Inc. | 0.37% | 697,960 | $70.2M | Reduce -4.2% |
| ARQT Arcutis Biotherapeutics Inc. | 0.37% | 5,006,475 | $70.2M | Reduce -25.4% |
| SLNO Soleno Therapeutics Inc. | 0.36% | 817,500 | $68.5M | Add +63.5% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.36% | 225,410 | $68.2M | Add +50.0% |
| ALAB Astera Labs Inc. | 0.34% | 710,992 | $64.3M | Reduce -28.2% |
| RDDT Reddit Inc. Class A | 0.34% | 423,456 | $63.8M | New |
| GMED Globus Medical Inc. Class A | 0.33% | 1,065,564 | $62.9M | Add +1.4% |
| NUVL Nuvalent Inc. Class A | 0.33% | 816,087 | $62.3M | Reduce -13.8% |
| ELVN Enliven Therapeutics Inc. | 0.32% | 3,050,294 | $61.2M | Add +29.0% |
| PDD PDD Holdings Inc. | 0.32% | 574,820 | $60.2M | Reduce -2.2% |
| BRO Brown & Brown Inc. | 0.32% | 540,000 | $59.9M | Add +27.1% |
| TCOM Trip.com Group Ltd.-ADR | 0.31% | 1,013,055 | $59.4M | Reduce -2.4% |
| GRAB Grab Holdings Ltd. Class A | 0.30% | 11,318,184 | $56.9M | Add +23.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 116,992 | $56.8M | Reduce -13.9% |
| V Visa Inc. Class A | 0.29% | 157,399 | $55.9M | Reduce -22.6% |
| LLY Eli Lilly & Co. | 0.29% | 70,602 | $55.0M | Reduce -24.1% |
| EHC Encompass Health Corp. | 0.29% | 445,859 | $54.7M | Add +19637.0% |
| HGTY Hagerty Inc. Class A | 0.28% | 5,319,027 | $53.8M | Add +6.4% |
| ISRG Intuitive Surgical Inc. | 0.28% | 98,214 | $53.4M | Reduce -60.3% |
| SRRK Scholar Rock Holding Corp. | 0.28% | 1,500,000 | $53.1M | Reduce -41.9% |
| RNAM Avidity Biosciences Inc. | 0.26% | 1,770,387 | $50.3M | Reduce -1.0% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.26% | 587,774 | $49.9M | Add +184.7% |
| MIRM Mirum Pharmaceuticals Inc. | 0.26% | 975,000 | $49.6M | Reduce -17.0% |
| BSX Boston Scientific Corp. | 0.26% | 454,257 | $48.8M | Reduce -3.6% |
| AFL Aflac Inc. | 0.26% | 460,000 | $48.5M | No change |
| NAMS Newamsterdam Pharma Co. NV | 0.24% | 2,517,779 | $45.6M | Add +11.9% |
| RBLX Roblox Corp. Class A | 0.23% | 410,227 | $43.2M | Reduce -9.1% |
| VTEX Vtex Class A | 0.22% | 6,285,331 | $41.5M | Add +15.5% |
| FAF First American Financial | 0.22% | 675,000 | $41.4M | No change |
| ABT Abbott Laboratories | 0.21% | 299,298 | $40.7M | Add +27.4% |
| IONS Ionis Pharmaceuticals Inc. | 0.21% | 1,000,000 | $39.5M | New |
Options reported separately and not counted above: NPCE calls ($34.5M), SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) calls ($3.7M), TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) calls ($2.9M).
Other holdings (18): bonds, preferreds, convertibles and warrants · $68.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 9,500,000 | $11.2M | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 5,260,000 | $6.9M | New |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 6,000,000 | $5.9M | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 4,000,000 | $5.7M | Reduce -57.9% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 3,000,000 | $4.7M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 3,000,000 | $3.8M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 2,500,000 | $3.8M | Reduce -54.5% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 3,031,000 | $3.8M | Reduce -33.1% |
| IMAX CORP (IMAX 0.5 04/01/26) | NOTE 0.500% 4/0 · principal | 3,000,000 | $3.4M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,500,000 | $3.2M | No change |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 2,500,000 | $3.0M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 2,500,000 | $2.8M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 2,500,000 | $2.6M | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 2,000,000 | $2.1M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 1,500,000 | $1.6M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,000,000 | $1.3M | No change |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 1,000,000 | $1.3M | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 1,000,000 | $1.1M | New |
Total filed on the 13F, all lines: $19.1B.
Portfolio Sells Q1 2025 → Q2 2025
| FERG Ferguson Enterprises Inc. | Reduce -20.2% | 0.05% | −1.52 |
| BABA Alibaba Group Holding-SP ADR | Reduce -66.8% | 0.42% | −1.32 |
| ESTC Elastic NV | Sold out | 0.00% | −0.76 |
| CYBR Cyberark Software Ltd./Israel | Reduce -45.4% | 0.91% | −0.70 |
| AAPL Apple Inc. | Reduce -20.2% | 1.11% | −0.66 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.50 |
| GLW Corning Inc. | Reduce -50.1% | 0.46% | −0.48 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −0.47 |
| ISRG Intuitive Surgical Inc. | Reduce -60.3% | 0.28% | −0.47 |
| HUBS HubSpot Inc. | Reduce -85.0% | 0.06% | −0.45 |
| CVLT Commvault Systems Inc. | Sold out | 0.00% | −0.41 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.40 |
| NTNX Nutanix Inc. Class A | Reduce -83.7% | 0.07% | −0.38 |
| GOOGL Alphabet Inc. Class A | Reduce -27.4% | 0.90% | −0.37 |
| GOOG Alphabet Inc. Class C | Reduce -25.1% | 0.90% | −0.33 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.32 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.32 |
| Z Zillow Group Inc. Class C | Sold out | 0.00% | −0.30 |
| MMYT Makemytrip Ltd. | Reduce -55.9% | 0.18% | −0.30 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.29 |
| PGR Progressive Corp. | Reduce -9.4% | 0.78% | −0.28 |
| MRVL Marvell Technology Inc. | Reduce -76.3% | 0.09% | −0.28 |
| ARQT Arcutis Biotherapeutics Inc. | Reduce -25.4% | 0.37% | −0.27 |
| UNH Unitedhealth Group Inc. | Reduce -28.2% | 0.15% | −0.26 |
| P Everpure Inc. Class A | Reduce -42.6% | 0.45% | −0.25 |
| ANET Arista Networks Inc. | Reduce -39.1% | 0.54% | −0.25 |
| SRRK Scholar Rock Holding Corp. | Reduce -41.9% | 0.28% | −0.23 |
| IBM Intl Business Machines Corp. | Reduce -73.8% | 0.08% | −0.23 |
| KLAC KLA Corp. | Reduce -27.0% | 1.06% | −0.23 |
| NPCE Neuropace Inc. | Sold out | 0.00% | −0.22 |
| MA Mastercard Inc. Class A | Reduce -52.0% | 0.16% | −0.22 |
| MLTX Moonlake Immunotherapeutics | Reduce -77.5% | 0.06% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -12.9% | 1.19% | −0.19 |
| LLY Eli Lilly & Co. | Reduce -24.1% | 0.29% | −0.18 |
| AGIO Agios Pharmaceuticals Inc. | Sold out | 0.00% | −0.18 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -30.0% | 0.21% | −0.17 |
| TWLO Twilio Inc. Class A | Reduce -29.9% | 0.52% | −0.16 |
| JPM JPMorgan Chase & Co. | Reduce -46.0% | 0.18% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.9% | 0.30% | −0.15 |
| V Visa Inc. Class A | Reduce -22.6% | 0.29% | −0.14 |
| META Meta Platforms Inc. Class A | Reduce -11.3% | 5.34% | −0.14 |
| ESTA Establishment Labs Holdings | Sold out | 0.00% | −0.14 |
| DOCS Doximity Inc. Class A | Reduce -42.8% | 0.12% | −0.12 |
| PDD PDD Holdings Inc. | Reduce -2.2% | 0.32% | −0.11 |
| PCVX Vaxcyte Inc. | Reduce -23.7% | 0.14% | −0.11 |
| SUPN Supernus Pharmaceuticals Inc. | Reduce -26.4% | 0.17% | −0.11 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -2.4% | 0.31% | −0.09 |
| MCK McKesson Corp. | Reduce -40.7% | 0.11% | −0.09 |
| CAH Cardinal Health Inc. | Reduce -58.7% | 0.07% | −0.09 |
| APLS Apellis Pharmaceuticals Inc. | Reduce -14.3% | 0.12% | −0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Add +27.2% | 4.38% | +1.94 |
| NVDA Nvidia Corp. | Add +1.9% | 8.13% | +1.75 |
| VRT Vertiv Holdings Co. Class A | Add +440.9% | 1.58% | +1.39 |
| AMD Advanced Micro Devices | Add +80.8% | 2.37% | +1.26 |
| MSFT Microsoft Corp. | Add +15.8% | 3.68% | +0.92 |
| ORCL Oracle Corp. | Add +62.0% | 1.67% | +0.90 |
| HOOD Robinhood Markets Inc. Class A | Add +5.9% | 1.76% | +0.90 |
| STX Seagate Technology Holdings | New | 0.83% | +0.83 |
| FN Fabrinet | Add +239.5% | 1.02% | +0.79 |
| LITE Lumentum Holdings Inc. | Add +912.4% | 0.82% | +0.76 |
| LRCX Lam Research Corp. | New | 0.71% | +0.71 |
| CRDO Credo Technology Group Holdi | Add +22.9% | 1.16% | +0.69 |
| GEV GE Vernova Inc. | Add +18.5% | 1.37% | +0.59 |
| APH Amphenol Corp. Class A | Add +63.4% | 1.07% | +0.56 |
| VRNA Verona Pharma Ltd. | New | 0.44% | +0.44 |
| FLEX Flex Ltd. | Add +34.3% | 0.99% | +0.42 |
| DASH DoorDash Inc. Class A | Add +60.7% | 0.88% | +0.41 |
| UBER Uber Technologies Inc. | Add +338.1% | 0.50% | +0.40 |
| RDDT Reddit Inc. Class A | New | 0.34% | +0.34 |
| MU Micron Technology Inc. | Add +13.1% | 1.14% | +0.31 |
| EHC Encompass Health Corp. | Add +19637.0% | 0.29% | +0.29 |
| ASND Ascendis Pharma A/S | Add +59.6% | 0.76% | +0.26 |
| RYTM Rhythm Pharmaceuticals Inc. | Add +150.2% | 0.42% | +0.25 |
| MTSI Macom Technology Solutions H | Add +18.9% | 0.70% | +0.22 |
| IONS Ionis Pharmaceuticals Inc. | New | 0.21% | +0.21 |
| COHR Coherent Corp. | Add +2.8% | 0.96% | +0.17 |
| AFRM Affirm Holdings Inc. | Add +724.8% | 0.17% | +0.16 |
| SHOP Shopify Inc. Class A | Add +14.1% | 0.98% | +0.15 |
| KSPI JSC Kaspi.kz ADR | Add +184.7% | 0.26% | +0.14 |
| SLNO Soleno Therapeutics Inc. | Add +63.5% | 0.36% | +0.14 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +13.7% | 0.50% | +0.12 |
| PCRX Pacira Biosciences Inc. | New | 0.11% | +0.11 |
| SMMT Summit Therapeutics Inc. | New | 0.11% | +0.11 |
| ADI Analog Devices Inc. | Add +4.7% | 0.13% | +0.11 |
| EW Edwards Lifesciences Corp. | New | 0.10% | +0.10 |
| AGCO Agco Corp. | New | 0.09% | +0.09 |
| CIEN Ciena Corp. | Add +4.0% | 0.55% | +0.09 |
| RY Royal Bank of Canada | New | 0.07% | +0.07 |
| CNTA Centessa Pharmaceuticals Ltd. | New | 0.07% | +0.07 |
| KYMR Kymera Therapeutics Inc. | New | 0.06% | +0.06 |
| JLL Jones Lang Lasalle Inc. | New | 0.06% | +0.06 |
| WTS Watts Water Technologies-A | New | 0.06% | +0.06 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +50.0% | 0.36% | +0.05 |
| STOK Stoke Therapeutics Inc. | New | 0.05% | +0.05 |
| FROG Jfrog Ltd. | New | 0.05% | +0.05 |
| IMNM Immunome Inc. | New | 0.05% | +0.05 |
| VTEX Vtex Class A | Add +15.5% | 0.22% | +0.05 |
| USFD US Foods Holding Corp. | Add +45.8% | 0.15% | +0.05 |
| OKTA Okta Inc. | New | 0.05% | +0.05 |
| XMTR Xometry Inc. Class A | Add +127.5% | 0.08% | +0.05 |
Options Activity Q1 2025 → Q2 2025
| NPCE Neuropace Inc. | call | New | 3,097,868 | $34.5M |
| AAPL Apple Inc. | call | Sold out | 27,985 | $6.2Mbefore exit |
| MSFT Microsoft Corp. | call | Sold out | 15,900 | $6.0Mbefore exit |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | call | New | 2,750,000 | $3.7M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | call | New | 3,000,000 | $2.9M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Sold out | 14,360,000 | $19.1Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 5,260,000 | $6.9M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -57.9% | 4,000,000 | $5.7M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 4,500,000 | $5.7Mbefore exit |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 4,000,000 | $5.3Mbefore exit |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Sold out | 6,000,000 | $5.1Mbefore exit |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 5,000,000 | $5.0Mbefore exit |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Sold out | 3,750,000 | $4.4Mbefore exit |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -54.5% | 2,500,000 | $3.8M |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | Reduce -33.1% | 3,031,000 | $3.8M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 3,400,000 | $3.2Mbefore exit |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Sold out | 3,000,000 | $3.0Mbefore exit |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | New | 2,500,000 | $3.0M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 2,500,000 | $2.8M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Sold out | 3,000,000 | $2.7Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 2,500,000 | $2.6M |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | Sold out | 2,000,000 | $2.4Mbefore exit |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 2,000,000 | $2.0Mbefore exit |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Sold out | 1,500,000 | $1.5Mbefore exit |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | New | 1,000,000 | $1.1M |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | Sold out | 3,000,000 | $3Kbefore exit |
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 |