T. Rowe Price Associates Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), T. Rowe Price Associates Inc. reported 3,022 stock positions worth $880.3 billion. Its top holding was Microsoft (MSFT) at 7.7% of the portfolio, followed by Nvidia (NVDA, 7.3%) and Apple (AAPL, 4.7%). Compared with Q1 2025, it opened 152 new positions, sold out of 136, added to 2,010 and reduced 801. The biggest buy was Nvidia (NVDA, shares +8%) and the biggest sale Apple (AAPL, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0000080255
- Portfolio Value
- $880.3B (Q2 2025)
- SEC Filing
- 0000080255-25-000547 ↗ filed Aug 14, 2025
Holdings Value
Holdings 3,022 stocks · $880.3B
| MSFT Microsoft Corp. | 7.73% | 136,870,079 | $68.1B | Add +4.1% |
| NVDA Nvidia Corp. | 7.29% | 406,325,355 | $64.2B | Add +8.4% |
| AAPL Apple Inc. | 4.72% | 202,720,404 | $41.6B | Reduce -5.6% |
| AMZN Amazon.com Inc. | 3.94% | 158,197,871 | $34.7B | Reduce -9.8% |
| META Meta Platforms Inc. Class A | 3.44% | 40,997,942 | $30.3B | Add +4.8% |
| AVGO Broadcom Inc. | 2.45% | 78,150,003 | $21.5B | Add +19.3% |
| NFLX Netflix Inc. | 1.70% | 11,189,375 | $15.0B | Reduce -4.6% |
| V Visa Inc. Class A | 1.66% | 41,163,421 | $14.6B | Reduce -3.6% |
| GOOG Alphabet Inc. Class C | 1.49% | 74,184,366 | $13.2B | Reduce -4.2% |
| LLY Eli Lilly & Co. | 1.49% | 16,845,105 | $13.1B | Reduce -12.0% |
| GOOGL Alphabet Inc. Class A | 1.49% | 74,223,815 | $13.1B | Reduce -16.7% |
| MA Mastercard Inc. Class A | 1.30% | 20,306,246 | $11.4B | Add +1.0% |
| JPM JPMorgan Chase & Co. | 0.95% | 28,727,851 | $8.3B | Reduce -0.6% |
| GE General Electric filed as GE AEROSPACE | 0.90% | 30,918,275 | $8.0B | Add +23.0% |
| TSLA Tesla Inc. | 0.88% | 24,345,383 | $7.7B | Add +5.1% |
| NOW ServiceNow Inc. | 0.86% | 7,365,393 | $7.6B | Reduce -3.9% |
| ISRG Intuitive Surgical Inc. | 0.83% | 13,415,471 | $7.3B | Reduce -2.7% |
| UNH Unitedhealth Group Inc. | 0.78% | 21,917,663 | $6.8B | Add +2.5% |
| SCHW Schwab (charles) Corp. | 0.78% | 74,835,769 | $6.8B | Reduce -8.8% |
| INTU Intuit Inc. | 0.74% | 8,240,009 | $6.5B | Reduce -8.6% |
| CVNA Carvana Co. | 0.62% | 16,191,947 | $5.5B | Add +8.3% |
| BKNG Booking Holdings Inc. | 0.58% | 876,511 | $5.1B | Add +1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 10,216,984 | $5.0B | Reduce -8.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 102,861,493 | $4.9B | Reduce -1.9% |
| SYK Stryker Corp. | 0.53% | 11,898,494 | $4.7B | Reduce -1.9% |
| LIN Linde PLC | 0.51% | 9,646,222 | $4.5B | Add +0.5% |
| TMUS T-Mobile US Inc. | 0.49% | 18,101,942 | $4.3B | Add +11.0% |
| PG The Procter & Gamble Co. | 0.49% | 27,008,254 | $4.3B | Add +25.7% |
| APH Amphenol Corp. Class A | 0.47% | 41,673,012 | $4.1B | Reduce -1.0% |
| CB Chubb Ltd. | 0.47% | 14,130,930 | $4.1B | Reduce -3.0% |
| COP Conocophillips | 0.44% | 43,315,371 | $3.9B | Add +8.8% |
| HD Home Depot Inc. | 0.44% | 10,529,647 | $3.9B | Add +13.8% |
| AMD Advanced Micro Devices | 0.42% | 26,269,693 | $3.7B | Add +106.2% |
| SHOP Shopify Inc. Class A | 0.41% | 31,673,935 | $3.7B | Reduce -6.9% |
| AZN Astrazeneca PLC-Spons ADR | 0.41% | 51,942,963 | $3.6B | Reduce -9.0% |
| XOM Exxon Mobil Corp. | 0.40% | 33,062,597 | $3.6B | Reduce -25.3% |
| DE Deere & Co. | 0.40% | 6,936,073 | $3.5B | Add +0.9% |
| MELI MercadoLibre Inc. | 0.40% | 1,346,203 | $3.5B | Reduce -1.8% |
| KVUE Kenvue Inc. | 0.40% | 168,041,407 | $3.5B | Reduce -20.8% |
| WMT Walmart Inc. | 0.39% | 35,483,512 | $3.5B | Reduce -13.1% |
| CI The Cigna Group | 0.39% | 10,293,832 | $3.4B | Reduce -14.6% |
| C Citigroup Inc. | 0.38% | 39,250,186 | $3.3B | Reduce -4.5% |
| CL Colgate-Palmolive Co. | 0.38% | 36,548,177 | $3.3B | Add +7.5% |
| BA The Boeing Co. | 0.38% | 15,764,185 | $3.3B | Reduce -9.4% |
| DHR Danaher Corp. | 0.37% | 16,616,134 | $3.3B | Reduce -15.2% |
| FISV Fiserv Inc. | 0.37% | 18,694,894 | $3.2B | Reduce -40.4% |
| XYZ Block Inc. | 0.37% | 47,318,323 | $3.2B | Add +75.8% |
| ELV Elevance Health Inc. | 0.36% | 8,085,205 | $3.1B | Reduce -11.6% |
| ALL Allstate Corp. | 0.36% | 15,590,671 | $3.1B | Add +33.1% |
| KEYS Keysight Technologies Inc. | 0.35% | 18,957,636 | $3.1B | Add +0.9% |
| SHW The Sherwin-Williams Co. | 0.35% | 9,013,651 | $3.1B | Add +4.1% |
| CMG Chipotle Mexican Grill Inc. | 0.34% | 53,573,979 | $3.0B | Reduce -5.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.34% | 13,269,992 | $3.0B | Add +7.5% |
| TXN Texas Instruments Inc. | 0.34% | 14,254,553 | $3.0B | Add +8.0% |
| NSC Norfolk Southern Corp. | 0.32% | 10,941,663 | $2.8B | Reduce -3.3% |
| AEE Ameren Corporation | 0.32% | 28,873,738 | $2.8B | Add +1.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.31% | 81,597,781 | $2.8B | Add +9.9% |
| ARGX Argenx SE - ADR | 0.31% | 4,979,976 | $2.7B | Reduce -7.5% |
| SNPS Synopsys Inc. | 0.31% | 5,325,713 | $2.7B | Reduce -1.6% |
| GILD Gilead Sciences Inc. | 0.30% | 23,586,692 | $2.6B | Add +60.4% |
| IP International Paper Co. | 0.29% | 53,773,957 | $2.5B | Add +3.8% |
| SE Sea Ltd.-ADR | 0.28% | 15,631,250 | $2.5B | Add +63.2% |
| ROP Roper Technologies Inc. | 0.28% | 4,314,126 | $2.4B | Reduce -27.7% |
| HWM Howmet Aerospace Inc. | 0.28% | 13,126,041 | $2.4B | Add +3.2% |
| ADI Analog Devices Inc. | 0.27% | 10,059,411 | $2.4B | Reduce -11.9% |
| GS Goldman Sachs Group Inc. | 0.27% | 3,353,481 | $2.4B | Reduce -6.3% |
| COR Cencora Inc. | 0.27% | 7,794,568 | $2.3B | Reduce -19.2% |
| AXP American Express Co. | 0.27% | 7,319,563 | $2.3B | Add +0.7% |
| ACN Accenture PLC Class A | 0.26% | 7,744,845 | $2.3B | Reduce -13.5% |
| HUBS HubSpot Inc. | 0.26% | 4,139,714 | $2.3B | Reduce -15.7% |
| KO The Coca-Cola Co. | 0.26% | 32,178,656 | $2.3B | Reduce -5.6% |
| MCD McDonald's Corp. | 0.26% | 7,761,457 | $2.3B | Reduce -16.9% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 5,558,659 | $2.3B | Reduce -40.3% |
| CRM Salesforce Inc. | 0.25% | 8,143,490 | $2.2B | Add +11.4% |
| MRSH Marsh & McLennan Cos | 0.25% | 10,042,837 | $2.2B | Add +17.8% |
| DASH DoorDash Inc. Class A | 0.25% | 8,807,647 | $2.2B | Add +79.5% |
| ODFL Old Dominion Freight Line | 0.25% | 13,365,706 | $2.2B | Reduce -3.3% |
| LHX L3HARRIS Technologies Inc. | 0.25% | 8,612,986 | $2.2B | Reduce -12.4% |
| XEL Xcel Energy Inc. | 0.24% | 31,639,218 | $2.2B | Add +22.6% |
| WFC Wells Fargo & Co. | 0.24% | 26,369,628 | $2.1B | Reduce -18.4% |
| CVX Chevron Corp. | 0.24% | 14,707,245 | $2.1B | Add +19.4% |
| TEL Te Connectivity PLC | 0.24% | 12,374,636 | $2.1B | Reduce -22.7% |
| PM Philip Morris International | 0.24% | 11,394,693 | $2.1B | Reduce -11.8% |
| NTRA Natera Inc. | 0.23% | 12,187,816 | $2.1B | Add +15.7% |
| ORCL Oracle Corp. | 0.23% | 9,295,834 | $2.0B | Add +30.4% |
| MDLZ Mondelez International Inc. Class A | 0.23% | 29,780,038 | $2.0B | Add +2.6% |
| PH Parker Hannifin Corp. | 0.23% | 2,864,730 | $2.0B | Add +17.3% |
| APP AppLovin Corp. Class A | 0.23% | 5,672,522 | $2.0B | Reduce -13.9% |
| SPOT Spotify Technology SA | 0.22% | 2,531,275 | $1.9B | Add +27.8% |
| CPNG Coupang Inc. | 0.22% | 64,480,227 | $1.9B | Reduce -4.8% |
| AME Ametek Inc. | 0.22% | 10,598,424 | $1.9B | Reduce -3.4% |
| CEG Constellation Energy | 0.22% | 5,882,047 | $1.9B | Reduce -12.6% |
| WELL Welltower Inc. | 0.21% | 12,161,079 | $1.9B | Add +36.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.20% | 2,175,405 | $1.7B | Reduce -17.4% |
| QCOM Qualcomm Inc. | 0.20% | 10,862,129 | $1.7B | Reduce -5.9% |
| MS Morgan Stanley | 0.20% | 12,223,738 | $1.7B | Add +8.0% |
| COST Costco Wholesale Corp. | 0.19% | 1,707,556 | $1.7B | Add +0.1% |
| AMT American Tower Corp. | 0.19% | 7,626,332 | $1.7B | Reduce -6.4% |
| FICO Fair Isaac Corp. | 0.19% | 920,716 | $1.7B | Add +11.8% |
| ABBV Abbvie Inc. | 0.19% | 9,060,032 | $1.7B | Add +25.9% |
Options reported separately and not counted above: RDUS puts ($1.5M).
Other holdings (35): bonds, preferreds, convertibles and warrants · $2.2B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| THYF T Rowe Price US High Yield | US HIGH YIELD · principal | 13,383,855 | $699.2M | Add +28.3% |
| TAGG T Rowe Price QM US Bond ETF | QM US BOND ETF · principal | 15,654,128 | $668.0M | Add +59.7% |
| TOTR T Rowe Price Total Return Et | TOTAL RETURN ETF · principal | 10,908,251 | $442.8M | Add +6.3% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 120,000,000 | $115.4M | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 58,200,000 | $55.6M | No change |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 170,702,000 | $43.1M | Reduce -8.4% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 30,064,000 | $30.7M | Reduce -44.9% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 26,480,000 | $22.9M | Reduce -2.7% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 14,520,000 | $18.4M | New |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 9,170,000 | $16.3M | No change |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 14,665,000 | $15.3M | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 17,722,000 | $15.2M | No change |
| TBUX T Rowe Price Ultra Short-Ter | ULTRA SHRT TRM · principal | 274,503 | $13.7M | Add +23.0% |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 37,968,000 | $9.3M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 3,748,000 | $4.0M | Reduce -24.0% |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | 5,420,000 | $3.8M | Add +37.4% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 1,410,000 | $2.0M | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 2,646,368 | $1.8M | Reduce -5.3% |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 1,100,000 | $1.2M | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 800,000 | $762K | No change |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | 6,300 | $659K | No change |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 590,000 | $547K | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 352,000 | $534K | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 550,000 | $531K | No change |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 · principal | 1,225,489 | $487K | Reduce -1.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 860,080 | $456K | Add +8.3% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 400,000 | $385K | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 599,301 | $162K | No change |
| TAXE T Rowe Price Intermed Munp B | INTER MU IN ETF · principal | 73,700 | $37K | New |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | 56,154 | $36K | No change |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 243,780 | $15K | No change |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | 55,855 | $8K | New |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 37,850 | $8K | New |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 37,675 | $4K | No change |
| SRZNW Surrozen Inc.-CW25 | *W EXP 08/01/203 | 41,666 | $1K | No change |
Total filed on the 13F, all lines: $882.5B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -5.6% | 4.72% | −1.17 |
| FISV Fiserv Inc. | Reduce -40.4% | 0.37% | −0.49 |
| LLY Eli Lilly & Co. | Reduce -12.0% | 1.49% | −0.46 |
| TMO Thermo Fisher Scientific Inc. | Reduce -40.3% | 0.26% | −0.32 |
| XOM Exxon Mobil Corp. | Reduce -25.3% | 0.40% | −0.25 |
| KVUE Kenvue Inc. | Reduce -20.8% | 0.40% | −0.23 |
| GOOGL Alphabet Inc. Class A | Reduce -16.7% | 1.49% | −0.22 |
| V Visa Inc. Class A | Reduce -3.6% | 1.66% | −0.19 |
| AMZN Amazon.com Inc. | Reduce -9.8% | 3.94% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.3% | 0.56% | −0.17 |
| ROP Roper Technologies Inc. | Reduce -27.7% | 0.28% | −0.16 |
| LULU Lululemon Athletica Inc. | Reduce -85.9% | 0.02% | −0.16 |
| BDX Becton Dickinson and Co. | Reduce -21.5% | 0.17% | −0.15 |
| EQT Eqt Corp. | Reduce -61.9% | 0.09% | −0.14 |
| ELV Elevance Health Inc. | Reduce -11.6% | 0.36% | −0.13 |
| NEE Nextera Energy Inc. | Reduce -44.4% | 0.13% | −0.13 |
| BABA Alibaba Group Holding-SP ADR | Reduce -87.0% | 0.01% | −0.13 |
| REGN Regeneron Pharmaceuticals | Reduce -64.8% | 0.05% | −0.12 |
| DHR Danaher Corp. | Reduce -15.2% | 0.37% | −0.12 |
| SBUX Starbucks Corp. | Reduce -64.5% | 0.05% | −0.12 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -9.0% | 0.41% | −0.11 |
| CI The Cigna Group | Reduce -14.6% | 0.39% | −0.10 |
| MCD McDonald's Corp. | Reduce -16.9% | 0.26% | −0.10 |
| CMS CMS Energy Corp. | Reduce -57.9% | 0.05% | −0.10 |
| ROST Ross Stores Inc. | Reduce -27.3% | 0.19% | −0.09 |
| HUBS HubSpot Inc. | Reduce -15.7% | 0.26% | −0.08 |
| KDP Keurig Dr Pepper Inc. | Reduce -58.8% | 0.05% | −0.08 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -99.8% | 0.00% | −0.08 |
| ACN Accenture PLC Class A | Reduce -13.5% | 0.26% | −0.08 |
| ARGX Argenx SE - ADR | Reduce -7.5% | 0.31% | −0.08 |
| SWK Stanley Black & Decker Inc. | Reduce -34.1% | 0.09% | −0.08 |
| MOH Molina Healthcare Inc. | Reduce -42.5% | 0.07% | −0.08 |
| CB Chubb Ltd. | Reduce -3.0% | 0.47% | −0.08 |
| MET Metlife Inc. | Reduce -23.6% | 0.18% | −0.08 |
| TDY Teledyne Technologies Inc. | Reduce -25.3% | 0.18% | −0.08 |
| IDXX Idexx Laboratories Inc. | Reduce -73.0% | 0.03% | −0.07 |
| EXC Exelon Corp. | Reduce -72.6% | 0.02% | −0.07 |
| COR Cencora Inc. | Reduce -19.2% | 0.27% | −0.07 |
| ONC Beone Medicines Ltd.-ADR | Reduce -62.4% | 0.03% | −0.06 |
| JNJ Johnson & Johnson | Reduce -17.1% | 0.15% | −0.06 |
| SU Suncor Energy Inc. | Reduce -68.2% | 0.02% | −0.06 |
| VEEV Veeva Systems Inc. Class A | Reduce -54.6% | 0.06% | −0.05 |
| BEKE Ke Holdings Inc.-ADR | Reduce -50.1% | 0.04% | −0.05 |
| AIG American International Group | Reduce -35.4% | 0.08% | −0.05 |
| WY Weyerhaeuser Co. | Reduce -21.3% | 0.09% | −0.05 |
| MDT Medtronic PLC | Reduce -39.9% | 0.06% | −0.05 |
| TEAM Atlassian Corp. Class A | Reduce -90.7% | 0.00% | −0.05 |
| YUMC Yum China Holdings Inc. | Reduce -71.2% | 0.01% | −0.05 |
| CPRT Copart Inc. | Reduce -80.4% | 0.01% | −0.05 |
| GPN Global Payments Inc. | Reduce -76.1% | 0.01% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +8.4% | 7.29% | +2.27 |
| MSFT Microsoft Corp. | Add +4.1% | 7.73% | +1.64 |
| AVGO Broadcom Inc. | Add +19.3% | 2.45% | +1.09 |
| META Meta Platforms Inc. Class A | Add +4.8% | 3.44% | +0.65 |
| GE General Electric | Add +23.0% | 0.90% | +0.28 |
| AMD Advanced Micro Devices | Add +106.2% | 0.42% | +0.26 |
| CVNA Carvana Co. | Add +8.3% | 0.62% | +0.23 |
| XYZ Block Inc. | Add +75.8% | 0.37% | +0.18 |
| TSLA Tesla Inc. | Add +5.1% | 0.88% | +0.14 |
| DASH DoorDash Inc. Class A | Add +79.5% | 0.25% | +0.14 |
| SE Sea Ltd.-ADR | Add +63.2% | 0.28% | +0.13 |
| ORCL Oracle Corp. | Add +30.4% | 0.23% | +0.11 |
| ARES Ares Management Corp. Class A | Add +342.2% | 0.12% | +0.10 |
| GILD Gilead Sciences Inc. | Add +60.4% | 0.30% | +0.09 |
| ABT Abbott Laboratories | Add +148.2% | 0.16% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +7.5% | 0.34% | +0.09 |
| SPOT Spotify Technology SA | Add +27.8% | 0.22% | +0.09 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +36.7% | 0.19% | +0.08 |
| BKNG Booking Holdings Inc. | Add +1.3% | 0.58% | +0.08 |
| FSLR First Solar Inc. | Add +625.6% | 0.09% | +0.08 |
| AMAT Applied Materials Inc. | Add +52.1% | 0.18% | +0.08 |
| HWM Howmet Aerospace Inc. | Add +3.2% | 0.28% | +0.07 |
| MSTR Strategy Inc. | Add +412.8% | 0.07% | +0.06 |
| BALL Ball Corp. | Add +2111.2% | 0.07% | +0.06 |
| TRV The Travelers Cos Inc. | Add +66.0% | 0.17% | +0.06 |
| ALL Allstate Corp. | Add +33.1% | 0.36% | +0.06 |
| COF Capital One Financial Corp. | Add +156.8% | 0.09% | +0.06 |
| TDG Transdigm Group Inc. | Add +72.7% | 0.12% | +0.05 |
| NTRA Natera Inc. | Add +15.7% | 0.23% | +0.05 |
| PH Parker Hannifin Corp. | Add +17.3% | 0.23% | +0.04 |
| WELL Welltower Inc. | Add +36.3% | 0.21% | +0.04 |
| TXN Texas Instruments Inc. | Add +8.0% | 0.34% | +0.04 |
| KLAC KLA Corp. | Add +7.8% | 0.18% | +0.04 |
| LSCC Lattice Semiconductor Corp. | Add +111.5% | 0.09% | +0.04 |
| CYBR Cyberark Software Ltd./Israel | Add +79.3% | 0.08% | +0.04 |
| CAT Caterpillar Inc. | Add +78.8% | 0.08% | +0.04 |
| DAY Dayforce Inc. | Add +50.6% | 0.16% | +0.04 |
| RBLX Roblox Corp. Class A | Add +54.0% | 0.06% | +0.04 |
| PG The Procter & Gamble Co. | Add +25.7% | 0.49% | +0.04 |
| WING Wingstop Inc. | Add +30.7% | 0.08% | +0.04 |
| APG Api Group Corp. | Add +14.7% | 0.11% | +0.04 |
| ANET Arista Networks Inc. | Add +101.0% | 0.06% | +0.04 |
| CRBG Corebridge Financial Inc. | Add +24.2% | 0.16% | +0.03 |
| ICE Intercontinental Exchange Inc. | Add +28.0% | 0.17% | +0.03 |
| AER Aercap Holdings NV | Add +136.7% | 0.06% | +0.03 |
| TAGG T Rowe Price QM US Bond ETF | Add +120.2% | 0.07% | +0.03 |
| MS Morgan Stanley | Add +8.0% | 0.20% | +0.03 |
| MPWR Monolithic Power Systems Inc. | Add +2.7% | 0.17% | +0.03 |
| WTW Willis Towers Watson PLC | Add +449.9% | 0.04% | +0.03 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +130.6% | 0.04% | +0.03 |
Options Activity Q1 2025 → Q2 2025
| ITCI Intra-Cellular Therapies Inc. | put | Sold out | 27,200 | $3.6Mbefore exit |
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
| THYF T Rowe Price US High Yield | US HIGH YIELD · principal | Add +28.3% | 13,383,855 | $699.2M |
| TAGG T Rowe Price QM US Bond ETF | QM US BOND ETF · principal | Add +59.7% | 15,654,128 | $668.0M |
| TOTR T Rowe Price Total Return Et | TOTAL RETURN ETF · principal | Add +6.3% | 10,908,251 | $442.8M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Reduce -8.4% | 170,702,000 | $43.1M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -44.9% | 30,064,000 | $30.7M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -2.7% | 26,480,000 | $22.9M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 14,520,000 | $18.4M |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 15,332,000 | $15.5Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 14,665,000 | $15.3M |
| TBUX T Rowe Price Ultra Short-Ter | ULTRA SHRT TRM · principal | Add +23.0% | 274,503 | $13.7M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Reduce -24.0% | 3,748,000 | $4.0M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Add +37.4% | 5,420,000 | $3.8M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | Reduce -5.3% | 2,646,368 | $1.8M |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Sold out | 419,000 | $1.3Mbefore exit |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 · principal | Reduce -1.5% | 1,225,489 | $487K |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | Add +8.3% | 860,080 | $456K |
| TAXE T Rowe Price Intermed Munp B | INTER MU IN ETF · principal | New | 73,700 | $37K |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | New | 55,855 | $8K |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | New | 37,850 | $8K |
| VSTWF Vast Solar PTY Ltd. -28 | *W EXP 07/01/202 | Sold out | 38,375 | $2Kbefore 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 | 3,212 | $996.9B | NVDA, AAPL, GOOGL, MSFT, AVGO |
| Q1 2026 | 3,107 | $862.7B | NVDA, AAPL, MSFT, AVGO, AMZN |
| Q4 2025 | 3,064 | $925.1B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q3 2025 | 3,016 | $932.3B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025 | 3,022 | $880.3B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025 | 3,005 | $809.6B | MSFT, AAPL, NVDA, AMZN, META |
| Q4 2024 | 2,977 | $866.2B | MSFT, NVDA, AAPL, AMZN, META |
| Q3 2024 | 2,986 | $868.1B | MSFT, AAPL, NVDA, AMZN, META |
| Q2 2024 | 2,956 | $835.4B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2024 | 2,931 | $815.6B | MSFT, NVDA, AAPL, AMZN, META |