T. Rowe Price Associates Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), T. Rowe Price Associates Inc. reported 3,016 stock positions worth $932.3 billion. Its top holding was Nvidia (NVDA) at 7.9% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Apple (AAPL, 5.8%). Compared with Q2 2025, it opened 90 new positions, sold out of 96, added to 2,047 and reduced 679. The biggest buy was Apple (AAPL, shares +5%) and the biggest sale Amazon.com (AMZN, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0000080255
- Portfolio Value
- $932.3B (Q3 2025)
- SEC Filing
- 0000080255-25-000782 ↗ filed Nov 14, 2025
Holdings Value
Holdings 3,016 stocks · $932.3B
| NVDA Nvidia Corp. | 7.92% | 395,742,700 | $73.8B | Reduce -2.6% |
| MSFT Microsoft Corp. | 7.34% | 132,176,105 | $68.5B | Reduce -3.4% |
| AAPL Apple Inc. | 5.81% | 212,755,053 | $54.2B | Add +5.0% |
| AMZN Amazon.com Inc. | 3.37% | 142,999,597 | $31.4B | Reduce -9.6% |
| META Meta Platforms Inc. Class A | 3.05% | 38,688,170 | $28.4B | Reduce -5.6% |
| AVGO Broadcom Inc. | 2.94% | 83,054,439 | $27.4B | Add +6.3% |
| GOOGL Alphabet Inc. Class A | 2.23% | 85,450,886 | $20.8B | Add +15.1% |
| GOOG Alphabet Inc. Class C | 1.88% | 71,982,882 | $17.5B | Reduce -3.0% |
| V Visa Inc. Class A | 1.48% | 40,376,076 | $13.8B | Reduce -1.9% |
| NFLX Netflix Inc. | 1.41% | 10,951,809 | $13.1B | Reduce -2.1% |
| TSLA Tesla Inc. | 1.33% | 27,983,601 | $12.4B | Add +14.9% |
| MA Mastercard Inc. Class A | 1.21% | 19,883,919 | $11.3B | Reduce -2.1% |
| LLY Eli Lilly & Co. | 1.10% | 13,478,436 | $10.3B | Reduce -20.0% |
| JPM JPMorgan Chase & Co. | 0.98% | 29,017,871 | $9.2B | Add +1.0% |
| GE General Electric filed as GE AEROSPACE | 0.95% | 29,389,505 | $8.8B | Reduce -4.9% |
| NOW ServiceNow Inc. | 0.68% | 6,878,445 | $6.3B | Reduce -6.6% |
| UNH Unitedhealth Group Inc. | 0.67% | 18,148,977 | $6.3B | Reduce -17.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.66% | 119,606,688 | $6.2B | Add +16.3% |
| CVNA Carvana Co. | 0.66% | 16,319,076 | $6.2B | Add +0.8% |
| ORCL Oracle Corp. | 0.63% | 20,814,621 | $5.9B | Add +123.9% |
| ISRG Intuitive Surgical Inc. | 0.61% | 12,818,790 | $5.7B | Reduce -4.5% |
| SCHW Schwab (charles) Corp. | 0.59% | 57,444,595 | $5.5B | Reduce -23.2% |
| APH Amphenol Corp. Class A | 0.58% | 44,071,827 | $5.5B | Add +5.8% |
| ANET Arista Networks Inc. | 0.57% | 36,791,042 | $5.4B | Add +602.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 10,183,801 | $5.1B | Reduce -0.3% |
| TMUS T-Mobile US Inc. | 0.55% | 21,278,097 | $5.1B | Add +17.6% |
| BKNG Booking Holdings Inc. | 0.48% | 837,421 | $4.5B | Reduce -4.5% |
| PG The Procter & Gamble Co. | 0.47% | 28,521,735 | $4.4B | Add +5.6% |
| INTU Intuit Inc. | 0.46% | 6,323,876 | $4.3B | Reduce -23.3% |
| LIN Linde PLC | 0.46% | 9,088,600 | $4.3B | Reduce -5.8% |
| APP AppLovin Corp. Class A | 0.45% | 5,877,386 | $4.2B | Add +3.6% |
| HD Home Depot Inc. | 0.45% | 10,402,982 | $4.2B | Reduce -1.2% |
| COP Conocophillips | 0.44% | 43,804,396 | $4.1B | Add +1.1% |
| SYK Stryker Corp. | 0.44% | 10,997,948 | $4.1B | Reduce -7.6% |
| SHOP Shopify Inc. Class A | 0.42% | 26,433,139 | $3.9B | Reduce -16.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.40% | 49,124,476 | $3.8B | Reduce -5.4% |
| WMT Walmart Inc. | 0.40% | 36,288,232 | $3.7B | Add +2.3% |
| C Citigroup Inc. | 0.39% | 35,785,153 | $3.6B | Reduce -8.8% |
| XOM Exxon Mobil Corp. | 0.38% | 31,564,916 | $3.6B | Reduce -4.5% |
| XYZ Block Inc. | 0.37% | 48,030,833 | $3.5B | Add +1.5% |
| DE Deere & Co. | 0.37% | 7,534,293 | $3.4B | Add +8.6% |
| MELI MercadoLibre Inc. | 0.36% | 1,445,971 | $3.4B | Add +7.4% |
| CB Chubb Ltd. | 0.36% | 11,897,812 | $3.4B | Reduce -15.8% |
| AMD Advanced Micro Devices | 0.35% | 20,269,319 | $3.3B | Reduce -22.8% |
| CI The Cigna Group | 0.35% | 11,302,366 | $3.3B | Add +9.8% |
| CAT Caterpillar Inc. | 0.35% | 6,812,530 | $3.3B | Add +267.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.34% | 11,475,397 | $3.2B | Reduce -13.5% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 6,470,481 | $3.1B | Add +16.4% |
| IP International Paper Co. | 0.33% | 66,221,329 | $3.1B | Add +23.1% |
| SHW The Sherwin-Williams Co. | 0.33% | 8,858,868 | $3.1B | Reduce -1.7% |
| SE Sea Ltd.-ADR | 0.33% | 16,985,544 | $3.0B | Add +8.7% |
| KEYS Keysight Technologies Inc. | 0.33% | 17,334,118 | $3.0B | Reduce -8.6% |
| CVX Chevron Corp. | 0.32% | 19,322,549 | $3.0B | Add +31.4% |
| AEE Ameren Corporation | 0.32% | 28,643,216 | $3.0B | Reduce -0.8% |
| GILD Gilead Sciences Inc. | 0.32% | 26,503,391 | $2.9B | Add +12.4% |
| BA The Boeing Co. | 0.31% | 13,486,208 | $2.9B | Reduce -14.4% |
| DHR Danaher Corp. | 0.31% | 14,639,019 | $2.9B | Reduce -11.9% |
| TXN Texas Instruments Inc. | 0.31% | 15,675,458 | $2.9B | Add +10.0% |
| DASH DoorDash Inc. Class A | 0.31% | 10,510,360 | $2.9B | Add +19.3% |
| MCD McDonald's Corp. | 0.30% | 9,197,132 | $2.8B | Add +18.5% |
| ALL Allstate Corp. | 0.30% | 12,939,243 | $2.8B | Reduce -17.0% |
| PLTR Palantir Technologies Inc. Class A | 0.30% | 15,195,251 | $2.8B | Add +49.5% |
| SO The Southern Co. | 0.29% | 29,023,250 | $2.8B | Add +65.6% |
| WELL Welltower Inc. | 0.29% | 15,091,113 | $2.7B | Add +24.1% |
| ARGX Argenx SE - ADR | 0.29% | 3,640,409 | $2.7B | Reduce -26.9% |
| TEL Te Connectivity PLC | 0.29% | 12,121,481 | $2.7B | Reduce -2.0% |
| GS Goldman Sachs Group Inc. | 0.28% | 3,333,301 | $2.7B | Reduce -0.6% |
| SPOT Spotify Technology SA | 0.28% | 3,719,993 | $2.6B | Add +47.0% |
| CL Colgate-Palmolive Co. | 0.28% | 32,342,021 | $2.6B | Reduce -11.5% |
| HWM Howmet Aerospace Inc. | 0.28% | 13,100,506 | $2.6B | Reduce -0.2% |
| ABBV Abbvie Inc. | 0.26% | 10,602,227 | $2.5B | Add +17.0% |
| AXP American Express Co. | 0.26% | 7,343,044 | $2.4B | Add +0.3% |
| COR Cencora Inc. | 0.26% | 7,723,900 | $2.4B | Reduce -0.9% |
| ADI Analog Devices Inc. | 0.25% | 9,391,700 | $2.3B | Reduce -6.6% |
| XEL Xcel Energy Inc. | 0.24% | 27,922,775 | $2.3B | Reduce -11.8% |
| PH Parker Hannifin Corp. | 0.23% | 2,844,999 | $2.2B | Reduce -0.7% |
| ABT Abbott Laboratories | 0.23% | 15,800,759 | $2.1B | Add +52.7% |
| MDLZ Mondelez International Inc. Class A | 0.22% | 33,372,777 | $2.1B | Add +12.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.22% | 4,217,878 | $2.1B | Add +29.4% |
| VLO Valero Energy Corp. | 0.22% | 12,026,486 | $2.0B | Add +3.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.22% | 59,442,434 | $2.0B | Reduce -27.1% |
| PM Philip Morris International | 0.22% | 12,591,342 | $2.0B | Add +10.5% |
| CME Cme Group Inc. | 0.21% | 7,361,208 | $2.0B | Add +27.9% |
| KO The Coca-Cola Co. | 0.21% | 29,966,977 | $2.0B | Reduce -6.9% |
| CPNG Coupang Inc. | 0.21% | 61,397,505 | $2.0B | Reduce -4.8% |
| CMG Chipotle Mexican Grill Inc. | 0.21% | 49,210,147 | $1.9B | Reduce -8.2% |
| TDY Teledyne Technologies Inc. | 0.21% | 3,282,669 | $1.9B | Add +5.1% |
| NTRA Natera Inc. | 0.21% | 11,947,415 | $1.9B | Reduce -2.0% |
| DDOG Datadog Inc. Class A | 0.21% | 13,466,821 | $1.9B | Add +123.3% |
| WFC Wells Fargo & Co. | 0.20% | 22,702,977 | $1.9B | Reduce -13.9% |
| ELV Elevance Health Inc. | 0.20% | 5,838,911 | $1.9B | Reduce -27.8% |
| KVUE Kenvue Inc. | 0.20% | 115,083,065 | $1.9B | Reduce -31.5% |
| AME Ametek Inc. | 0.20% | 9,829,481 | $1.8B | Reduce -7.3% |
| MS Morgan Stanley | 0.20% | 11,553,696 | $1.8B | Reduce -5.5% |
| LHX L3HARRIS Technologies Inc. | 0.20% | 5,971,549 | $1.8B | Reduce -30.7% |
| QCOM Qualcomm Inc. | 0.19% | 10,780,386 | $1.8B | Reduce -0.8% |
| ODFL Old Dominion Freight Line | 0.19% | 12,462,449 | $1.8B | Reduce -6.8% |
| CRM Salesforce Inc. | 0.18% | 7,256,864 | $1.7B | Reduce -10.9% |
| FTI Technipfmc PLC | 0.18% | 43,359,274 | $1.7B | Reduce -7.7% |
| DAY Dayforce Inc. | 0.18% | 24,801,229 | $1.7B | Reduce -0.9% |
Options reported separately and not counted above: KRE calls ($0).
Other holdings (29): 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 | 13,383,860 | $701.9M | Add +0.0% |
| TAGG T Rowe Price QM US Bond ETF | QM US BOND ETF · principal | 15,106,814 | $650.5M | Reduce -3.5% |
| TOTR T Rowe Price Total Return Et | TOTAL RETURN ETF · principal | 10,500,001 | $428.2M | Reduce -3.7% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 100,987,000 | $99.2M | Reduce -15.8% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 153,458,000 | $68.3M | Reduce -10.1% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 58,063,000 | $56.6M | Reduce -0.2% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 31,416,000 | $40.2M | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 18,835,000 | $34.6M | Add +29.7% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 30,208,000 | $31.3M | Add +0.5% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 26,442,000 | $23.7M | Reduce -0.1% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 9,170,000 | $18.1M | No change |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 37,889,000 | $16.9M | Reduce -0.2% |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 17,637,000 | $16.0M | Reduce -0.5% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 14,665,000 | $15.8M | No change |
| TBUX T Rowe Price Ultra Short-Ter | ULTRA SHRT TRM · principal | 274,406 | $13.7M | Reduce -0.0% |
| TAXE T Rowe Price Intermed Munp B | INTER MU IN ETF · principal | 134,950 | $6.8M | Add +83.1% |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 6,320,000 | $5.5M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 2,385,025 | $1.7M | Reduce -9.9% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 1,200,000 | $1.2M | Add +50.0% |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 1,100,000 | $1.1M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 943,000 | $1.0M | Reduce -74.8% |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | 6,500 | $693K | Add +3.2% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 400,000 | $392K | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 400,000 | $390K | Reduce -27.3% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 400,000 | $377K | Reduce -32.2% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 400,558 | $199K | Reduce -53.4% |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 595,935 | $179K | Reduce -0.6% |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 243,780 | $25K | No change |
| SRZNW Surrozen Inc.-CW25 | *W EXP 08/01/203 | 41,666 | $1K | No change |
Total filed on the 13F, all lines: $934.5B.
Portfolio Sells Q2 2025 → Q3 2025
| AMZN Amazon.com Inc. | Reduce -9.6% | 3.37% | −0.57 |
| MSFT Microsoft Corp. | Reduce -3.4% | 7.34% | −0.39 |
| META Meta Platforms Inc. Class A | Reduce -5.6% | 3.05% | −0.39 |
| LLY Eli Lilly & Co. | Reduce -20.0% | 1.10% | −0.39 |
| FISV Fiserv Inc. | Reduce -82.3% | 0.05% | −0.32 |
| NFLX Netflix Inc. | Reduce -2.1% | 1.41% | −0.29 |
| INTU Intuit Inc. | Reduce -23.3% | 0.46% | −0.27 |
| ISRG Intuitive Surgical Inc. | Reduce -4.5% | 0.61% | −0.21 |
| KVUE Kenvue Inc. | Reduce -31.5% | 0.20% | −0.20 |
| NSC Norfolk Southern Corp. | Reduce -64.9% | 0.12% | −0.19 |
| SCHW Schwab (charles) Corp. | Reduce -23.2% | 0.59% | −0.19 |
| V Visa Inc. Class A | Reduce -1.9% | 1.48% | −0.18 |
| NOW ServiceNow Inc. | Reduce -6.6% | 0.68% | −0.18 |
| FICO Fair Isaac Corp. | Reduce -81.7% | 0.03% | −0.16 |
| ELV Elevance Health Inc. | Reduce -27.8% | 0.20% | −0.15 |
| ACN Accenture PLC Class A | Reduce -45.9% | 0.11% | −0.15 |
| CMG Chipotle Mexican Grill Inc. | Reduce -8.2% | 0.21% | −0.13 |
| SNPS Synopsys Inc. | Reduce -37.6% | 0.18% | −0.13 |
| ROP Roper Technologies Inc. | Reduce -28.8% | 0.16% | −0.11 |
| FCX Freeport-McMoran Inc. | Reduce -53.7% | 0.07% | −0.11 |
| CB Chubb Ltd. | Reduce -15.8% | 0.36% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -17.2% | 0.67% | −0.10 |
| CL Colgate-Palmolive Co. | Reduce -11.5% | 0.28% | −0.10 |
| SYK Stryker Corp. | Reduce -7.6% | 0.44% | −0.10 |
| SLB SLB Ltd. | Reduce -27.1% | 0.22% | −0.09 |
| HUBS HubSpot Inc. | Reduce -18.9% | 0.17% | −0.09 |
| BKNG Booking Holdings Inc. | Reduce -4.5% | 0.48% | −0.09 |
| RS Reliance Inc. | Reduce -71.0% | 0.03% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -2.1% | 1.21% | −0.08 |
| BDX Becton Dickinson and Co. | Reduce -48.0% | 0.09% | −0.08 |
| AMAT Applied Materials Inc. | Reduce -46.4% | 0.10% | −0.08 |
| FERG Ferguson Enterprises Inc. | Reduce -92.5% | 0.01% | −0.07 |
| SPGI S&P Global Inc. | Reduce -29.8% | 0.11% | −0.07 |
| AMD Advanced Micro Devices | Reduce -22.8% | 0.35% | −0.07 |
| UNP Union Pacific Corp. | Reduce -41.1% | 0.09% | −0.07 |
| CEG Constellation Energy | Reduce -29.8% | 0.15% | −0.07 |
| ROST Ross Stores Inc. | Reduce -44.0% | 0.12% | −0.07 |
| MRSH Marsh & McLennan Cos | Reduce -16.9% | 0.18% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -37.3% | 0.07% | −0.07 |
| CRM Salesforce Inc. | Reduce -10.9% | 0.18% | −0.07 |
| ROK Rockwell Automation Inc. | Reduce -35.3% | 0.12% | −0.07 |
| FSLR First Solar Inc. | Reduce -75.4% | 0.03% | −0.07 |
| CPAY Corpay Inc. | Reduce -21.3% | 0.12% | −0.06 |
| AMT American Tower Corp. | Reduce -18.7% | 0.13% | −0.06 |
| BA The Boeing Co. | Reduce -14.4% | 0.31% | −0.06 |
| DHR Danaher Corp. | Reduce -11.9% | 0.31% | −0.06 |
| IR Ingersoll-Rand Inc. | Reduce -28.1% | 0.12% | −0.06 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -38.7% | 0.14% | −0.06 |
| ALL Allstate Corp. | Reduce -17.0% | 0.30% | −0.06 |
| ODFL Old Dominion Freight Line | Reduce -6.8% | 0.19% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +5.0% | 5.81% | +1.09 |
| GOOGL Alphabet Inc. Class A | Add +15.1% | 2.23% | +0.74 |
| ANET Arista Networks Inc. | Add +602.0% | 0.57% | +0.51 |
| AVGO Broadcom Inc. | Add +6.3% | 2.94% | +0.49 |
| TSLA Tesla Inc. | Add +14.9% | 1.33% | +0.46 |
| ORCL Oracle Corp. | Add +123.9% | 0.63% | +0.40 |
| CAT Caterpillar Inc. | Add +267.1% | 0.35% | +0.27 |
| APP AppLovin Corp. Class A | Add +3.6% | 0.45% | +0.23 |
| PLTR Palantir Technologies Inc. Class A | Add +49.5% | 0.30% | +0.14 |
| APH Amphenol Corp. Class A | Add +5.8% | 0.58% | +0.12 |
| DDOG Datadog Inc. Class A | Add +123.3% | 0.21% | +0.11 |
| SO The Southern Co. | Add +65.6% | 0.29% | +0.11 |
| BAC Bank of America Corp. | Add +16.3% | 0.66% | +0.11 |
| CVX Chevron Corp. | Add +31.4% | 0.32% | +0.08 |
| INTC Intel Corp. | Add +43.6% | 0.16% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +16.4% | 0.34% | +0.08 |
| VRT Vertiv Holdings Co. Class A | Add +199.5% | 0.12% | +0.08 |
| WELL Welltower Inc. | Add +24.1% | 0.29% | +0.08 |
| CRDO Credo Technology Group Holdi | Add +563.8% | 0.08% | +0.08 |
| ABBV Abbvie Inc. | Add +17.0% | 0.26% | +0.07 |
| UEC Uranium Energy Corp. | Add +247.4% | 0.08% | +0.07 |
| ABT Abbott Laboratories | Add +52.7% | 0.23% | +0.07 |
| PNR Pentair PLC | Add +262.8% | 0.09% | +0.07 |
| MDB Mongodb Inc. | Add +1630.9% | 0.07% | +0.06 |
| DASH DoorDash Inc. Class A | Add +19.3% | 0.31% | +0.06 |
| SPOT Spotify Technology SA | Add +47.0% | 0.28% | +0.06 |
| GWW WW Grainger Inc. | Add +893.5% | 0.07% | +0.06 |
| TMUS T-Mobile US Inc. | Add +17.6% | 0.55% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +25851.9% | 0.05% | +0.05 |
| LSCC Lattice Semiconductor Corp. | Add +9.6% | 0.14% | +0.05 |
| ECL Ecolab Inc. | Add +369.1% | 0.06% | +0.05 |
| TER Teradyne Inc. | Add +1393.1% | 0.05% | +0.05 |
| DLTR Dollar Tree Inc. | Add +102.0% | 0.10% | +0.05 |
| FN Fabrinet | Add +269.7% | 0.06% | +0.05 |
| PTC PTC Inc. | Add +190.5% | 0.07% | +0.04 |
| VNOM Viper Energy Inc. Class A | New | 0.04% | +0.04 |
| APO Apollo Global Management Inc. | Add +134.5% | 0.08% | +0.04 |
| IP International Paper Co. | Add +23.1% | 0.33% | +0.04 |
| MCD McDonald's Corp. | Add +18.5% | 0.30% | +0.04 |
| VLO Valero Energy Corp. | Add +3.3% | 0.22% | +0.04 |
| SE Sea Ltd.-ADR | Add +8.7% | 0.33% | +0.04 |
| CVNA Carvana Co. | Add +0.8% | 0.66% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | Add +36.1% | 0.08% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +4135.8% | 0.04% | +0.04 |
| CIEN Ciena Corp. | Add +909.6% | 0.04% | +0.04 |
| FNV Franco-Nevada Corp. | Add +85.9% | 0.07% | +0.04 |
| OR Or Royalties Inc. | Add +227.0% | 0.05% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +1.0% | 0.98% | +0.04 |
| IDCC Interdigital Inc. | Add +130.3% | 0.05% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +29.4% | 0.22% | +0.03 |
Options Activity Q2 2025 → Q3 2025
| RDUS Radius Recycling Inc. Class A | put | Sold out | 50,000 | $1.5Mbefore exit |
| KRE SS SPDR S&P Regional Bank | call | New | 2,698,100 | $0 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| THYF T Rowe Price US High Yield | US HIGH YIELD · principal | Add +0.0% | 13,383,860 | $701.9M |
| TAGG T Rowe Price QM US Bond ETF | QM US BOND ETF · principal | Reduce -3.5% | 15,106,814 | $650.5M |
| TOTR T Rowe Price Total Return Et | TOTAL RETURN ETF · principal | Reduce -3.7% | 10,500,001 | $428.2M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -15.8% | 100,987,000 | $99.2M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Reduce -10.1% | 153,458,000 | $68.3M |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | Reduce -0.2% | 58,063,000 | $56.6M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 31,416,000 | $40.2M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +29.7% | 18,835,000 | $34.6M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +0.5% | 30,208,000 | $31.3M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -0.1% | 26,442,000 | $23.7M |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Reduce -0.2% | 37,889,000 | $16.9M |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | Reduce -0.5% | 17,637,000 | $16.0M |
| TBUX T Rowe Price Ultra Short-Ter | ULTRA SHRT TRM · principal | Reduce -0.0% | 274,406 | $13.7M |
| TAXE T Rowe Price Intermed Munp B | INTER MU IN ETF · principal | Add +83.1% | 134,950 | $6.8M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | New | 6,320,000 | $5.5M |
| NIO INC (NIO 3.875 10/15/29) | NOTE 3.875%10/1 · principal | Sold out | 5,420,000 | $3.8Mbefore exit |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 1,410,000 | $2.0Mbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | Reduce -9.9% | 2,385,025 | $1.7M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +50.0% | 1,200,000 | $1.2M |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | Reduce -74.8% | 943,000 | $1.0M |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | Add +3.2% | 6,500 | $693K |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Sold out | 352,000 | $534Kbefore exit |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 · principal | Sold out | 1,225,489 | $487Kbefore exit |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | Reduce -27.3% | 400,000 | $390K |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Reduce -32.2% | 400,000 | $377K |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | Reduce -53.4% | 400,558 | $199K |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | Reduce -0.6% | 595,935 | $179K |
| AIRJW Power & Digital Acq -CW24 | *W EXP 03/15/202 | Sold out | 56,154 | $36Kbefore exit |
| KIDZW Classover Holdings Inc. - 30 | *W EXP 04/03/203 | Sold out | 55,855 | $8Kbefore exit |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | Sold out | 37,850 | $8Kbefore exit |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | Sold out | 37,675 | $4Kbefore 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 |