T. Rowe Price Associates Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), T. Rowe Price Associates Inc. reported 3,064 stock positions worth $925.1 billion. Its top holding was Nvidia (NVDA) at 7.5% of the portfolio, followed by Microsoft (MSFT, 6.6%) and Apple (AAPL, 6.0%). Compared with Q3 2025, it opened 112 new positions, sold out of 67, added to 1,840 and reduced 860. The biggest buy was Eli Lilly (LLY, shares +11%) and the biggest sale Microsoft (MSFT, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0000080255
- Portfolio Value
- $925.1B (Q4 2025)
- SEC Filing
- 0000080255-26-000231 ↗ filed Feb 17, 2026
Holdings Value
Holdings 3,064 stocks · $925.1B
| NVDA Nvidia Corp. | 7.52% | 373,187,926 | $69.6B | Reduce -5.7% |
| MSFT Microsoft Corp. | 6.57% | 125,709,121 | $60.8B | Reduce -4.9% |
| AAPL Apple Inc. | 5.98% | 203,499,482 | $55.3B | Reduce -4.3% |
| AMZN Amazon.com Inc. | 3.27% | 130,958,176 | $30.2B | Reduce -8.4% |
| AVGO Broadcom Inc. | 3.20% | 85,546,083 | $29.6B | Add +3.0% |
| GOOGL Alphabet Inc. Class A | 2.84% | 83,963,036 | $26.3B | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 2.51% | 35,112,531 | $23.2B | Reduce -9.2% |
| GOOG Alphabet Inc. Class C | 2.38% | 70,305,711 | $22.1B | Reduce -2.3% |
| LLY Eli Lilly & Co. | 1.73% | 14,910,505 | $16.0B | Add +10.6% |
| V Visa Inc. Class A | 1.56% | 41,092,294 | $14.4B | Add +1.8% |
| TSLA Tesla Inc. | 1.24% | 25,599,707 | $11.5B | Reduce -8.5% |
| MA Mastercard Inc. Class A | 1.18% | 19,041,495 | $10.9B | Reduce -4.2% |
| JPM JPMorgan Chase & Co. | 0.97% | 27,942,349 | $9.0B | Reduce -3.7% |
| GE General Electric filed as GE AEROSPACE | 0.90% | 26,971,268 | $8.3B | Reduce -8.2% |
| NFLX Netflix Inc. | 0.87% | 86,058,878 | $8.1B | Reduce -21.4% |
| CVNA Carvana Co. | 0.81% | 17,726,838 | $7.5B | Add +8.6% |
| ISRG Intuitive Surgical Inc. | 0.77% | 12,554,763 | $7.1B | Reduce -2.1% |
| UNH Unitedhealth Group Inc. | 0.67% | 18,829,054 | $6.2B | Add +3.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.63% | 106,566,355 | $5.9B | Reduce -10.9% |
| TMUS T-Mobile US Inc. | 0.61% | 27,795,065 | $5.6B | Add +30.6% |
| BKNG Booking Holdings Inc. | 0.56% | 966,121 | $5.2B | Add +15.4% |
| APH Amphenol Corp. Class A | 0.55% | 37,923,065 | $5.1B | Reduce -13.9% |
| NOW ServiceNow Inc. | 0.54% | 32,395,663 | $5.0B | Reduce -5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 9,845,909 | $4.9B | Reduce -3.3% |
| SCHW Schwab (charles) Corp. | 0.53% | 49,096,235 | $4.9B | Reduce -14.5% |
| ANET Arista Networks Inc. | 0.53% | 37,171,766 | $4.9B | Add +1.0% |
| CB Chubb Ltd. | 0.50% | 14,947,799 | $4.7B | Add +25.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.48% | 48,643,827 | $4.5B | Reduce -1.0% |
| TMO Thermo Fisher Scientific Inc. | 0.48% | 7,701,353 | $4.5B | Add +19.0% |
| AMD Advanced Micro Devices | 0.47% | 20,325,288 | $4.4B | Add +0.3% |
| PG The Procter & Gamble Co. | 0.46% | 29,612,826 | $4.2B | Add +3.8% |
| LIN Linde PLC | 0.45% | 9,784,371 | $4.2B | Add +7.7% |
| COP Conocophillips | 0.44% | 43,841,348 | $4.1B | Add +0.1% |
| APP AppLovin Corp. Class A | 0.44% | 6,089,735 | $4.1B | Add +3.6% |
| C Citigroup Inc. | 0.43% | 34,103,871 | $4.0B | Reduce -4.7% |
| INTU Intuit Inc. | 0.42% | 5,854,645 | $3.9B | Reduce -7.4% |
| SHOP Shopify Inc. Class A | 0.41% | 23,531,422 | $3.8B | Reduce -11.0% |
| XOM Exxon Mobil Corp. | 0.40% | 31,037,919 | $3.7B | Reduce -1.7% |
| DHR Danaher Corp. | 0.40% | 15,973,240 | $3.7B | Add +9.1% |
| HD Home Depot Inc. | 0.39% | 10,616,042 | $3.7B | Add +2.0% |
| ORCL Oracle Corp. | 0.39% | 18,425,292 | $3.6B | Reduce -11.5% |
| DE Deere & Co. | 0.39% | 7,692,877 | $3.6B | Add +2.1% |
| SYK Stryker Corp. | 0.38% | 10,118,064 | $3.6B | Reduce -8.0% |
| KEYS Keysight Technologies Inc. | 0.38% | 17,419,811 | $3.5B | Add +0.5% |
| CAT Caterpillar Inc. | 0.37% | 5,993,729 | $3.4B | Reduce -12.0% |
| HWM Howmet Aerospace Inc. | 0.37% | 16,632,206 | $3.4B | Add +27.0% |
| GILD Gilead Sciences Inc. | 0.37% | 27,698,660 | $3.4B | Add +4.5% |
| KLAC KLA Corp. | 0.36% | 2,704,973 | $3.3B | Add +78.1% |
| MELI MercadoLibre Inc. | 0.34% | 1,583,071 | $3.2B | Add +9.5% |
| DASH DoorDash Inc. Class A | 0.34% | 13,958,114 | $3.2B | Add +32.8% |
| WELL Welltower Inc. | 0.34% | 16,826,035 | $3.1B | Add +11.5% |
| SO The Southern Co. | 0.32% | 34,459,462 | $3.0B | Add +18.7% |
| MCD McDonald's Corp. | 0.31% | 9,474,749 | $2.9B | Add +3.0% |
| CVX Chevron Corp. | 0.31% | 18,887,660 | $2.9B | Reduce -2.3% |
| PLTR Palantir Technologies Inc. Class A | 0.31% | 16,165,321 | $2.9B | Add +6.4% |
| ARGX Argenx SE - ADR | 0.31% | 3,362,324 | $2.8B | Reduce -7.6% |
| WMT Walmart Inc. | 0.31% | 25,352,155 | $2.8B | Reduce -30.1% |
| XYZ Block Inc. | 0.30% | 43,093,016 | $2.8B | Reduce -10.3% |
| GS Goldman Sachs Group Inc. | 0.30% | 3,149,022 | $2.8B | Reduce -5.5% |
| TXN Texas Instruments Inc. | 0.30% | 15,813,193 | $2.7B | Add +0.9% |
| AXP American Express Co. | 0.29% | 7,339,507 | $2.7B | Reduce -0.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 8,890,155 | $2.7B | Reduce -22.5% |
| MS Morgan Stanley | 0.29% | 14,917,776 | $2.6B | Add +29.1% |
| TEL Te Connectivity PLC | 0.29% | 11,604,495 | $2.6B | Reduce -4.3% |
| SE Sea Ltd.-ADR | 0.28% | 20,517,378 | $2.6B | Add +20.8% |
| ELV Elevance Health Inc. | 0.28% | 7,446,185 | $2.6B | Add +27.5% |
| JNJ Johnson & Johnson | 0.28% | 12,423,886 | $2.6B | Add +41.7% |
| CSX CSX Corp. | 0.28% | 70,428,871 | $2.6B | Add +88.4% |
| BA The Boeing Co. | 0.27% | 11,506,446 | $2.5B | Reduce -14.7% |
| NTRA Natera Inc. | 0.27% | 10,871,989 | $2.5B | Reduce -9.0% |
| IP International Paper Co. | 0.27% | 62,973,983 | $2.5B | Reduce -4.9% |
| CL Colgate-Palmolive Co. | 0.27% | 31,187,277 | $2.5B | Reduce -3.6% |
| ADI Analog Devices Inc. | 0.26% | 9,011,708 | $2.4B | Reduce -4.0% |
| ALL Allstate Corp. | 0.26% | 11,684,199 | $2.4B | Reduce -9.7% |
| COR Cencora Inc. | 0.26% | 6,992,825 | $2.4B | Reduce -9.5% |
| PH Parker Hannifin Corp. | 0.26% | 2,685,757 | $2.4B | Reduce -5.6% |
| LRCX Lam Research Corp. | 0.25% | 13,695,210 | $2.3B | Add +352.2% |
| PM Philip Morris International | 0.25% | 14,161,027 | $2.3B | Add +12.5% |
| CSCO Cisco Systems Inc. | 0.24% | 29,289,151 | $2.3B | Add +103.2% |
| SPOT Spotify Technology SA | 0.24% | 3,869,472 | $2.2B | Add +4.0% |
| ABBV Abbvie Inc. | 0.24% | 9,826,388 | $2.2B | Reduce -7.3% |
| ODFL Old Dominion Freight Line | 0.24% | 14,223,960 | $2.2B | Add +14.1% |
| AEE Ameren Corporation | 0.24% | 21,789,822 | $2.2B | Reduce -23.9% |
| CMG Chipotle Mexican Grill Inc. | 0.23% | 58,447,867 | $2.2B | Add +18.8% |
| CRM Salesforce Inc. | 0.22% | 7,839,178 | $2.1B | Add +8.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.22% | 53,951,531 | $2.1B | Reduce -9.2% |
| MDLZ Mondelez International Inc. Class A | 0.22% | 37,366,588 | $2.0B | Add +12.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.22% | 4,271,691 | $2.0B | Add +1.3% |
| KO The Coca-Cola Co. | 0.21% | 28,297,734 | $2.0B | Reduce -5.6% |
| MRK Merck & Co. Inc. | 0.21% | 18,753,390 | $2.0B | Add +37.9% |
| DDOG Datadog Inc. Class A | 0.21% | 14,423,814 | $2.0B | Add +7.1% |
| CME Cme Group Inc. | 0.20% | 6,886,521 | $1.9B | Reduce -6.5% |
| XEL Xcel Energy Inc. | 0.20% | 25,127,230 | $1.9B | Reduce -10.0% |
| QCOM Qualcomm Inc. | 0.20% | 10,844,836 | $1.9B | Add +0.6% |
| ABT Abbott Laboratories | 0.20% | 14,719,154 | $1.8B | Reduce -6.8% |
| FN Fabrinet | 0.20% | 4,041,227 | $1.8B | Add +163.0% |
| HUBS HubSpot Inc. | 0.20% | 4,581,922 | $1.8B | Add +36.5% |
| INTC Intel Corp. | 0.19% | 48,007,417 | $1.8B | Add +8.7% |
| WFC Wells Fargo & Co. | 0.19% | 18,630,067 | $1.7B | Reduce -17.9% |
| CI The Cigna Group | 0.19% | 6,270,213 | $1.7B | Reduce -44.5% |
Options reported separately and not counted above: KRE calls ($0).
Other holdings (26): bonds, preferreds, convertibles and warrants · $2.1B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| THYF T Rowe Price US High Yield | US HIGH YIELD · principal | 13,391,333 | $699.7M | Add +0.1% |
| TAGG T Rowe Price QM US Bond ETF | QM US BOND ETF · principal | 14,384,300 | $619.1M | Reduce -4.8% |
| TOTR T Rowe Price Total Return Et | TOTAL RETURN ETF · principal | 10,500,001 | $428.0M | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 97,918,000 | $97.0M | Reduce -3.0% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 57,465,000 | $56.6M | Reduce -1.0% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 30,140,000 | $38.0M | Reduce -0.2% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 22,359,000 | $27.6M | Reduce -28.8% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 26,502,000 | $24.2M | Add +0.2% |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | 14,933,000 | $22.1M | New |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 21,285,000 | $17.5M | Add +236.8% |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 17,518,000 | $15.9M | Reduce -0.7% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 14,610,000 | $14.7M | Reduce -0.4% |
| TAXE T Rowe Price Intermed Munp B | INTER MU IN ETF · principal | 159,425 | $8.1M | Add +18.1% |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | 38,200 | $4.1M | Add +487.7% |
| TFLR T Rowe Price Floating RT ETF | FLOATING RATE · principal | 39,005 | $2.0M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 2,415,375 | $1.7M | Add +1.3% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 985,000 | $1.5M | Reduce -94.8% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 943,000 | $1.2M | No change |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 1,100,000 | $1.1M | No change |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 · principal | 1,963,671 | $989K | New |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 595,934 | $555K | Reduce 0.0% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 400,000 | $395K | Reduce -66.7% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 606,930 | $306K | Add +51.5% |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 14,285 | $43K | Reduce -54.8% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 13,340 | $15K | New |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 243,780 | $10K | No change |
Total filed on the 13F, all lines: $927.2B.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -4.9% | 6.57% | −0.77 |
| META Meta Platforms Inc. Class A | Reduce -9.2% | 2.51% | −0.54 |
| NFLX Netflix Inc. | Reduce -21.4% | 0.87% | −0.54 |
| NVDA Nvidia Corp. | Reduce -5.7% | 7.52% | −0.40 |
| ORCL Oracle Corp. | Reduce -11.5% | 0.39% | −0.24 |
| SHW The Sherwin-Williams Co. | Reduce -59.0% | 0.13% | −0.20 |
| DAY Dayforce Inc. | Reduce -98.0% | 0.00% | −0.18 |
| KVUE Kenvue Inc. | Reduce -82.8% | 0.04% | −0.16 |
| CI The Cigna Group | Reduce -44.5% | 0.19% | −0.16 |
| NOW ServiceNow Inc. | Reduce -5.8% | 0.54% | −0.14 |
| TRV The Travelers Cos Inc. | Reduce -67.4% | 0.06% | −0.11 |
| AMZN Amazon.com Inc. | Reduce -8.4% | 3.27% | −0.10 |
| WMT Walmart Inc. | Reduce -30.1% | 0.31% | −0.10 |
| CPNG Coupang Inc. | Reduce -24.4% | 0.12% | −0.09 |
| CRBG Corebridge Financial Inc. | Reduce -68.6% | 0.04% | −0.09 |
| TSLA Tesla Inc. | Reduce -8.5% | 1.24% | −0.09 |
| RACE Ferrari NV | Reduce -71.3% | 0.02% | −0.09 |
| AEE Ameren Corporation | Reduce -23.9% | 0.24% | −0.09 |
| ROP Roper Technologies Inc. | Reduce -43.5% | 0.08% | −0.08 |
| KMB Kimberly-Clark Corp. | Reduce -63.8% | 0.03% | −0.08 |
| XYZ Block Inc. | Reduce -10.3% | 0.30% | −0.07 |
| EFX Equifax Inc. | Reduce -29.3% | 0.10% | −0.07 |
| KEY Keycorp | Reduce -60.6% | 0.05% | −0.07 |
| SNPS Synopsys Inc. | Reduce -33.3% | 0.11% | −0.06 |
| IP International Paper Co. | Reduce -4.9% | 0.27% | −0.06 |
| ROK Rockwell Automation Inc. | Reduce -54.5% | 0.06% | −0.06 |
| SCHW Schwab (charles) Corp. | Reduce -14.5% | 0.53% | −0.06 |
| ALC Alcon Inc. | Reduce -69.3% | 0.03% | −0.06 |
| RBLX Roblox Corp. Class A | Reduce -33.9% | 0.03% | −0.05 |
| MOH Molina Healthcare Inc. | Reduce -71.6% | 0.02% | −0.05 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -99.7% | 0.00% | −0.05 |
| LHX L3HARRIS Technologies Inc. | Reduce -24.8% | 0.14% | −0.05 |
| NXPI NXP Semiconductors NV | Reduce -76.3% | 0.02% | −0.05 |
| SYK Stryker Corp. | Reduce -8.0% | 0.38% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -22.5% | 0.29% | −0.05 |
| TDY Teledyne Technologies Inc. | Reduce -14.5% | 0.15% | −0.05 |
| GE General Electric | Reduce -8.2% | 0.90% | −0.05 |
| IR Ingersoll-Rand Inc. | Reduce -37.4% | 0.07% | −0.05 |
| RNAM Avidity Biosciences Inc. | Reduce -98.5% | 0.00% | −0.04 |
| DT Dynatrace Inc. | Reduce -90.7% | 0.00% | −0.04 |
| INTU Intuit Inc. | Reduce -7.4% | 0.42% | −0.04 |
| VLO Valero Energy Corp. | Reduce -16.6% | 0.18% | −0.04 |
| AWK American Water Works Co. Inc. | Reduce -78.0% | 0.01% | −0.04 |
| BA The Boeing Co. | Reduce -14.7% | 0.27% | −0.04 |
| T AT&T Inc. | Reduce -44.1% | 0.04% | −0.04 |
| XEL Xcel Energy Inc. | Reduce -10.0% | 0.20% | −0.04 |
| NOC Northrop Grumman Corp. | Reduce -21.1% | 0.11% | −0.04 |
| CYBR Cyberark Software Ltd./Israel | Reduce -55.5% | 0.03% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -4.2% | 1.18% | −0.04 |
| NSC Norfolk Southern Corp. | Reduce -27.6% | 0.09% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +10.6% | 1.73% | +0.63 |
| AVGO Broadcom Inc. | Add +3.0% | 3.20% | +0.26 |
| LRCX Lam Research Corp. | Add +352.2% | 0.25% | +0.21 |
| KLAC KLA Corp. | Add +78.1% | 0.36% | +0.18 |
| CVNA Carvana Co. | Add +8.6% | 0.81% | +0.15 |
| TMO Thermo Fisher Scientific Inc. | Add +19.0% | 0.48% | +0.15 |
| CB Chubb Ltd. | Add +25.6% | 0.50% | +0.14 |
| FN Fabrinet | Add +163.0% | 0.20% | +0.14 |
| CSCO Cisco Systems Inc. | Add +103.2% | 0.24% | +0.14 |
| CSX CSX Corp. | Add +88.4% | 0.28% | +0.13 |
| AMD Advanced Micro Devices | Add +0.3% | 0.47% | +0.12 |
| REGN Regeneron Pharmaceuticals | Add +142.2% | 0.16% | +0.11 |
| JNJ Johnson & Johnson | Add +41.7% | 0.28% | +0.10 |
| HWM Howmet Aerospace Inc. | Add +27.0% | 0.37% | +0.09 |
| MRK Merck & Co. Inc. | Add +37.9% | 0.21% | +0.09 |
| MS Morgan Stanley | Add +29.1% | 0.29% | +0.09 |
| IBM Intl Business Machines Corp. | Add +83.3% | 0.18% | +0.09 |
| DHR Danaher Corp. | Add +9.1% | 0.40% | +0.08 |
| ELV Elevance Health Inc. | Add +27.5% | 0.28% | +0.08 |
| V Visa Inc. Class A | Add +1.8% | 1.56% | +0.08 |
| ELS Equity Lifestyle Properties | Add +303.9% | 0.10% | +0.08 |
| BKNG Booking Holdings Inc. | Add +15.4% | 0.56% | +0.07 |
| DIS The Walt Disney Co. | Add +62.5% | 0.17% | +0.07 |
| TMUS T-Mobile US Inc. | Add +30.6% | 0.61% | +0.06 |
| CIEN Ciena Corp. | Add +53.0% | 0.10% | +0.06 |
| FITB Fifth Third Bancorp | Add +41.6% | 0.18% | +0.06 |
| TSEM Tower Semiconductor Ltd. | Add +3222.6% | 0.06% | +0.06 |
| KEYS Keysight Technologies Inc. | Add +0.5% | 0.38% | +0.06 |
| RKT Rocket Cos Inc. Class A | Add +11636.8% | 0.05% | +0.05 |
| ODFL Old Dominion Freight Line | Add +14.1% | 0.24% | +0.05 |
| AIG American International Group | Add +39.8% | 0.15% | +0.05 |
| LNT Alliant Energy Corp. | Add +799.3% | 0.06% | +0.05 |
| GILD Gilead Sciences Inc. | Add +4.5% | 0.37% | +0.05 |
| AMAT Applied Materials Inc. | Add +18.5% | 0.15% | +0.05 |
| LOW Lowe's Cos Inc. | Add +45.2% | 0.17% | +0.05 |
| WELL Welltower Inc. | Add +11.5% | 0.34% | +0.05 |
| GWW WW Grainger Inc. | Add +61.1% | 0.11% | +0.05 |
| TOL Toll Brothers Inc. | Add +2067.8% | 0.05% | +0.05 |
| MCO Moody's Corp. | Add +73.5% | 0.09% | +0.04 |
| WAB Wabtec Corp. | Add +20.3% | 0.18% | +0.04 |
| QGEN Qiagen N.V. | New | 0.04% | +0.04 |
| CRM Salesforce Inc. | Add +8.0% | 0.22% | +0.04 |
| FTV Fortive Corp. | Add +29.2% | 0.12% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +14.5% | 0.18% | +0.04 |
| MIDD Middleby Corp. | Add +49.2% | 0.09% | +0.04 |
| USB US Bancorp | Add +20.0% | 0.14% | +0.04 |
| TER Teradyne Inc. | Add +18.6% | 0.09% | +0.04 |
| DASH DoorDash Inc. Class A | Add +32.8% | 0.34% | +0.04 |
| GH Guardant Health Inc. | Add +33.5% | 0.06% | +0.03 |
| MDLN Medline Inc. Class A | New | 0.03% | +0.03 |
Options Activity Q3 2025 → Q4 2025
| KRE SS SPDR S&P Regional Bank | call | Reduce -0.3% | 2,689,400 | $0 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| THYF T Rowe Price US High Yield | US HIGH YIELD · principal | Add +0.1% | 13,391,333 | $699.7M |
| TAGG T Rowe Price QM US Bond ETF | QM US BOND ETF · principal | Reduce -4.8% | 14,384,300 | $619.1M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Reduce -3.0% | 97,918,000 | $97.0M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 153,458,000 | $68.3Mbefore exit |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | Reduce -1.0% | 57,465,000 | $56.6M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -0.2% | 30,140,000 | $38.0M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Reduce -28.8% | 22,359,000 | $27.6M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +0.2% | 26,502,000 | $24.2M |
| WOLFSPEED INC (WOLF 2.5 06/15/31) | NOTE 2.500% 6/1 · principal | New | 14,933,000 | $22.1M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 9,170,000 | $18.1Mbefore exit |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Add +236.8% | 21,285,000 | $17.5M |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Sold out | 37,889,000 | $16.9Mbefore exit |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | Reduce -0.7% | 17,518,000 | $15.9M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Reduce -0.4% | 14,610,000 | $14.7M |
| TBUX T Rowe Price Ultra Short-Ter | ULTRA SHRT TRM · principal | Sold out | 274,406 | $13.7Mbefore exit |
| TAXE T Rowe Price Intermed Munp B | INTER MU IN ETF · principal | Add +18.1% | 159,425 | $8.1M |
| MUB iShares National Muni Bond E | NATIONAL MUN ETF · principal | Add +487.7% | 38,200 | $4.1M |
| TFLR T Rowe Price Floating RT ETF | FLOATING RATE · principal | New | 39,005 | $2.0M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | Add +1.3% | 2,415,375 | $1.7M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -94.8% | 985,000 | $1.5M |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 · principal | New | 1,963,671 | $989K |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | Reduce 0.0% | 595,934 | $555K |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Reduce -66.7% | 400,000 | $395K |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | Sold out | 400,000 | $392Kbefore exit |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | Sold out | 400,000 | $390Kbefore exit |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | Sold out | 400,000 | $377Kbefore exit |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | Add +51.5% | 606,930 | $306K |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Reduce -54.8% | 14,285 | $43K |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | New | 13,340 | $15K |
| SRZNW Surrozen Inc.-CW25 | *W EXP 08/01/203 | Sold out | 41,666 | $1Kbefore 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 |