Rational Advisors, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Rational Advisors, Inc. reported 176 stock positions worth $918.2 million. Its top holding was Vanguard Total Bond Market (BND) at 7.8% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 7.8%) and SS SPDR P Agg Bond ETF (SPAB, 7.8%). Compared with Q3 2025, it opened 12 new positions, sold out of 21, added to 101 and reduced 55. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +27%) and the biggest sale an exit from iShares Core MSCI Emerging (IEMG).

Most Recent 13F
Q2 2026
Location
San Juan, PR
CIK
0001143565
Portfolio Value
$918.2M (Q4 2025)
SEC Filing
0001580642-26-000967 ↗ filed Feb 10, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.1B Q1 2024 Q2 2024: $1000.0M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $986.3M Q4 2024 Q1 2025: $953.7M Q1 2025 Q2 2025: $963.5M Q2 2025 Q3 2025: $958.5M Q3 2025 Q4 2025: $918.2M $918.2M Q4 2025 Q1 2026: $919.0M Q1 2026 Q2 2026: $1.0B Q2 2026

Holdings 176 stocks · $918.2M
BND Vanguard Total Bond Market 7.83% 970,602 $71.9M Reduce -4.9%
AGG iShares Core U.S. Aggregate 7.82% 719,181 $71.8M Reduce -4.9%
SPAB SS SPDR P Agg Bond ETF 7.81% 2,786,100 $71.7M Reduce -5.2%
MLPX Global X MLP & Energy Infras 5.17% 783,498 $47.4M Reduce -3.0%
IVV iShares Core S&P 500 ETF 5.05% 67,752 $46.4M Reduce -2.4%
QQQM Invesco Nasdaq 100 ETF 4.99% 181,257 $45.8M Reduce -12.3%
XLU St Sr Utl SL SE SPDR ETF-Usd 4.50% 967,683 $41.3M Reduce -10.5%
VIG Vanguard Dividend Apprec ETF 4.27% 178,338 $39.2M Reduce -8.3%
NTSX Wisdomtree US Efficient Core 3.86% 646,098 $35.4M Reduce -9.5%
SCHH Schwab US REIT ETF 3.36% 1,476,372 $30.8M Reduce -3.8%
JEPI JPMorgan Equity Premium Inco 2.99% 479,454 $27.4M Reduce -5.5%
SPHY SS SPDR P High Yield ETF 2.59% 1,002,765 $23.7M Reduce -3.8%
VOO Vanguard S&P 500 ETF 2.28% 33,388 $20.9M Add +0.9%
PFFD Global X US Preferred ETF 2.16% 1,049,537 $19.8M Reduce -1.8%
IEFA iShares Core MSCI Eafe ETF 1.73% 177,332 $15.9M Add +26.5%
DFCF Dimensional Core Fixed Inc. 1.72% 371,289 $15.8M Reduce -4.5%
SPYM Ste STR SPDR PT S&P 500 ETF 1.69% 192,951 $15.5M Reduce -9.3%
SCHI Schwab 5-10 Year Corporate B 1.29% 514,536 $11.8M Reduce -4.8%
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) 1.04% 10,637,000 $9.5M Add +12.5%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) 1.03% 9,952,000 $9.4M No change
VENTAS REALTY LP (VTR 3.75 06/01/26) 0.97% 6,310,000 $8.9M No change
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) 0.88% 8,110,000 $8.1M Add +24.6%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) 0.86% 6,089,000 $7.9M Reduce -17.0%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) 0.86% 7,190,000 $7.9M Add +14.5%
MBB iShares MBS ETF 0.85% 81,858 $7.8M Reduce -3.8%
MERITAGE HOMES CORP (MTH 1.75 05/15/28) 0.81% 7,542,000 $7.4M Add +7.4%
GOOGL Alphabet Inc. Class A 0.80% 23,599 $7.4M Reduce -33.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.80% 10,760 $7.3M Add +91.9%
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) 0.78% 6,930,000 $7.2M No change
ETSY INC (ETSY 0.25 06/15/28) 0.78% 8,040,000 $7.2M No change
MSFT Microsoft Corp. 0.64% 12,166 $5.9M Reduce -6.7%
AMZN Amazon.com Inc. 0.62% 24,775 $5.7M Reduce -19.9%
FORD MOTOR COMPANY (F 0 03/15/26) filed as FORD MTR CO 0.59% 5,200,000 $5.4M Reduce -22.9%
AAPL Apple Inc. 0.58% 19,524 $5.3M Reduce -4.3%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) 0.58% 5,780,000 $5.3M No change
CCL Carnival Corp. 0.46% 138,600 $4.2M Add +33.9%
META Meta Platforms Inc. Class A 0.46% 6,394 $4.2M Reduce -36.1%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) 0.45% 4,286,000 $4.1M Reduce -25.4%
WMT Walmart Inc. 0.44% 36,506 $4.1M Reduce -22.6%
NOW ServiceNow Inc. 0.43% 25,839 $4.0M Add +8.5%
OKTA INC (OKTA 0.375 06/15/26) 0.43% 4,032,000 $3.9M No change
WELL Welltower Inc. 0.42% 21,000 $3.9M New
BAB Invesco Taxable Municipal Bo 0.42% 143,256 $3.9M Reduce -7.5%
TDG Transdigm Group Inc. 0.42% 2,917 $3.9M Add +18131.3%
ATI Ati Inc. 0.42% 33,400 $3.8M New
MOG.A Moog Inc. Class A 0.40% 14,900 $3.6M Reduce -18.6%
ITT Itt Inc. 0.38% 20,000 $3.5M Add +9.3%
LLY Eli Lilly & Co. 0.34% 2,925 $3.1M Add +148.7%
MELI MercadoLibre Inc. 0.33% 1,525 $3.1M Add +22.0%
SPOT Spotify Technology SA 0.33% 5,275 $3.1M Add +10.5%
COST Costco Wholesale Corp. 0.33% 3,488 $3.0M Reduce -19.1%
INTU Intuit Inc. 0.33% 4,521 $3.0M Reduce -12.7%
NVDA Nvidia Corp. 0.32% 15,870 $3.0M Reduce -6.5%
MDT Medtronic PLC 0.32% 30,400 $2.9M New
NFLX Netflix Inc. 0.31% 30,152 $2.8M Reduce -24.6%
UBER Uber Technologies Inc. 0.31% 34,424 $2.8M Reduce -10.2%
CFG Citizens Financial Group 0.29% 45,100 $2.6M New
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) 0.29% 2,440,000 $2.6M New
APO Apollo Global Management Inc. 0.29% 18,087 $2.6M Reduce -27.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.28% 16,950 $2.6M Reduce -29.4%
BRK.B Berkshire Hathaway Inc. Class B 0.27% 4,916 $2.5M Add +199.9%
GOOG Alphabet Inc. Class C 0.27% 7,757 $2.4M Add +125.5%
KKR KKR & Co. Inc. 0.26% 18,925 $2.4M Reduce -18.9%
AXP American Express Co. 0.25% 6,204 $2.3M Reduce -28.7%
BX Blackstone Inc. 0.25% 14,709 $2.3M Reduce -21.1%
PROS HOLDINGS INC (PRO 2.25 09/15/27) 0.24% 2,211,000 $2.2M No change
SCHW Schwab (charles) Corp. 0.24% 22,000 $2.2M Add +528.6%
TSM Taiwan Semiconductor-SP ADR 0.23% 7,082 $2.2M Add +80.9%
DATADOG INC (DDOG 0 12/01/29) 0.23% 2,150,000 $2.1M New
TSLA Tesla Inc. 0.21% 4,277 $1.9M Reduce -63.0%
AVGO Broadcom Inc. 0.20% 5,355 $1.9M Reduce -3.9%
XOM Exxon Mobil Corp. 0.19% 14,699 $1.8M Add +113.5%
MCD McDonald's Corp. 0.19% 5,774 $1.8M Add +208.8%
JPM JPMorgan Chase & Co. 0.19% 5,464 $1.8M Add +45.0%
PLTR Palantir Technologies Inc. Class A 0.16% 8,440 $1.5M Add +35.5%
SBUX Starbucks Corp. 0.15% 15,900 $1.3M New
CRM Salesforce Inc. 0.14% 4,981 $1.3M Add +1691.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 4,061 $1.2M Add +30.2%
ABBV Abbvie Inc. 0.12% 4,903 $1.1M Add +17.1%
CAT Caterpillar Inc. 0.12% 1,881 $1.1M Add +67.7%
GEV GE Vernova Inc. 0.11% 1,600 $1.0M New
WMB Williams Cos Inc. 0.11% 16,594 $997K Add +356.3%
NVS Novartis AG-Sponsored ADR 0.11% 7,186 $991K Add +75.0%
GE General Electric filed as GE AEROSPACE 0.11% 3,194 $984K Add +85.2%
WRBY Warby Parker Inc. Class A 0.10% 43,500 $948K New
ISRG Intuitive Surgical Inc. 0.10% 1,665 $943K Add +46.7%
CSCO Cisco Systems Inc. 0.10% 12,014 $925K Add +923.3%
BKNG Booking Holdings Inc. 0.09% 162 $868K New
PANW Palo Alto Networks Inc. 0.09% 4,463 $822K Add +61.0%
DE Deere & Co. 0.09% 1,737 $809K Add +2098.7%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.08% 9,800 $771K Reduce -33.3%
ITA iShares U.S. Aerospace & Def 0.08% 3,583 $769K Reduce -3.2%
UNH Unitedhealth Group Inc. 0.08% 2,295 $758K Add +789.5%
NEE Nextera Energy Inc. 0.08% 8,916 $716K Add +42.1%
CEG Constellation Energy 0.08% 2,010 $710K Add +59.5%
CDNS Cadence Design SYS Inc. 0.06% 1,849 $578K Reduce -14.4%
AMD Advanced Micro Devices 0.06% 2,571 $551K Reduce -15.0%
GS Goldman Sachs Group Inc. 0.05% 563 $495K Reduce -61.2%
WFC Wells Fargo & Co. 0.05% 5,291 $493K New
BABA Alibaba Group Holding-SP ADR 0.05% 2,890 $424K New
NRG NRG Energy Inc. 0.04% 2,418 $385K Add +102.2%
VST Vistra Corp. 0.04% 2,377 $383K Add +127.3%
TTWO Take-Two Interactive Softwre 0.04% 1,291 $331K Add +34.1%
IEF iShares 7-10 Year Treasury B 0.03% 2,494 $240K Add +866.7%
V Visa Inc. Class A 0.02% 642 $225K Reduce -88.7%
IHAK iShares Cybersecurity & Tech 0.02% 4,563 $220K Reduce -63.9%
GLW Corning Inc. 0.02% 2,494 $218K Reduce -59.0%
ORCL Oracle Corp. 0.02% 941 $183K Reduce -64.0%
MA Mastercard Inc. Class A 0.02% 295 $168K Add +12.2%
ASML ASML Holding NV-NY Reg SHS 0.01% 128 $137K Add +13.3%
HD Home Depot Inc. 0.01% 324 $111K Reduce -83.0%
APP AppLovin Corp. Class A 0.01% 111 $75K Add +8.8%
TMUS T-Mobile US Inc. 0.01% 365 $74K Add +10.3%
ABT Abbott Laboratories 0.01% 570 $71K Add +11.1%
LRCX Lam Research Corp. 0.01% 412 $71K Add +11.3%
AMAT Applied Materials Inc. 0.01% 259 $67K Add +10.7%
LIN Linde PLC 0.01% 155 $66K Add +12.3%
QCOM Qualcomm Inc. 0.01% 351 $60K Add +12.9%
AMGN Amgen Inc. 0.01% 175 $57K Add +12.9%
SHY iShares 1-3 Year Treasury Bo 0.01% 688 $57K Add +700.0%
BLK BlackRock Inc. 0.01% 53 $57K Reduce -86.5%
TXN Texas Instruments Inc. 0.01% 318 $55K Add +20.0%
SPGI S&P Global Inc. 0.01% 100 $52K Add +11.1%
KLAC KLA Corp. 0.01% 43 $52K Add +13.2%
BSX Boston Scientific Corp. 0.01% 495 $47K Add +13.8%
ADBE Adobe Inc. 0.01% 134 $47K Add +12.6%
SYK Stryker Corp. 0.00% 125 $44K Add +13.6%
LOW Lowe's Cos Inc. 0.00% 182 $44K Add +15.9%
VRTX Vertex Pharmaceuticals Inc. 0.00% 84 $38K Add +13.5%
LMT Lockheed Martin Corp. 0.00% 76 $37K Add +15.2%
PH Parker Hannifin Corp. 0.00% 41 $36K Add +10.8%
HCA HCA Healthcare Inc. 0.00% 75 $35K Add +8.7%
ADP Automatic Data Processing 0.00% 132 $34K Add +10.0%
CME Cme Group Inc. 0.00% 121 $33K Add +14.2%
ICE Intercontinental Exchange Inc. 0.00% 186 $30K Add +7.5%
MCO Moody's Corp. 0.00% 58 $30K Add +13.7%
WM Waste Management Inc. 0.00% 133 $29K Add +9.0%
SNPS Synopsys Inc. 0.00% 58 $27K Reduce -96.4%
SHW The Sherwin-Williams Co. 0.00% 81 $26K Add +14.1%
NOC Northrop Grumman Corp. 0.00% 46 $26K Add +12.2%
AON Aon PLC Class A 0.00% 72 $25K Add +16.1%
CTAS Cintas Corp. 0.00% 133 $25K Add +15.7%
EQIX Equinix Inc. 0.00% 32 $25K Reduce -93.6%
CI The Cigna Group 0.00% 86 $24K Add +13.2%
CSX CSX Corp. 0.00% 625 $23K Add +13.6%
COR Cencora Inc. 0.00% 66 $22K Add +13.8%
RSG Republic Services Inc. 0.00% 98 $21K Add +3.2%
ADSK Autodesk Inc. 0.00% 69 $20K Add +11.3%
FTNT Fortinet Inc. 0.00% 252 $20K Add +13.5%
IDXX Idexx Laboratories Inc. 0.00% 28 $19K Add +16.7%
ZTS Zoetis Inc. 0.00% 150 $19K Add +15.4%
NDAQ Nasdaq Inc. 0.00% 192 $19K Add +46.6%
ARES Ares Management Corp. Class A 0.00% 110 $18K Add +11.1%
MSCI MSCI Inc. 0.00% 27 $15K Add +22.7%
AXON Axon Enterprise Inc. 0.00% 26 $15K Add +8.3%
DHI D.R. Horton Inc. 0.00% 96 $14K Add +18.5%
FISV Fiserv Inc. 0.00% 198 $13K Add +27.7%
CPRT Copart Inc. 0.00% 323 $13K Add +14.1%
VMC Vulcan Materials Co. 0.00% 44 $13K Add +12.8%
A Agilent Technologies Inc. 0.00% 90 $12K Add +21.6%
IQV Iqvia Holdings Inc. 0.00% 54 $12K Add +10.2%
FICO Fair Isaac Corp. 0.00% 7 $12K No change
LYV Live Nation Entertainment Inc. 0.00% 80 $11K Reduce -99.5%
ODFL Old Dominion Freight Line 0.00% 66 $10K Add +6.5%
ROL Rollins Inc. 0.00% 168 $10K Add +13.5%
CSGP Costar Group Inc. 0.00% 139 $9K Add +5.3%
EFX Equifax Inc. 0.00% 41 $9K Add +24.2%
CBOE Cboe Global Markets Inc. 0.00% 35 $9K Add +16.7%
BR Broadridge Financial Solutio 0.00% 39 $9K Add +5.4%
LEN Lennar Corp. Class A 0.00% 84 $9K Add +13.5%
VRSN Verisign Inc. 0.00% 32 $8K Add +18.5%
WST West Pharmaceutical Services 0.00% 25 $7K Add +13.6%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.00% 25 $5K Add +25.0%
AOS Smith (a.o.) Corp. 0.00% 37 $2K Reduce -11.9%
POOL Pool Corp. 0.00% 10 $2K Add +11.1%
LNTH Lantheus Holdings Inc. 0.00% 25 $2K Add +25.0%
Other holdings (8): bonds, preferreds, convertibles and warrants · $58.3M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 8,048$10.1MNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 8,200$9.9MNo change
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 190,800$9.3MAdd +156.4%
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 158,000$8.0MAdd +275.3%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 150,400$7.8MReduce -6.9%
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 89,440$6.0MAdd +0.3%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 89,600$5.2MAdd +27.8%
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV 27,100$2.0MReduce -8.8%

Total filed on the 13F, all lines: $976.5M.

Portfolio Sells Q3 2025 → Q4 2025
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.75
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -10.5% 4.50% −0.42
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.37
QQQM Invesco Nasdaq 100 ETF Reduce -12.3% 4.99% −0.33
TSLA Tesla Inc. Reduce -63.0% 0.21% −0.33
META Meta Platforms Inc. Class A Reduce -36.1% 0.46% −0.31
LYV Live Nation Entertainment Inc. Reduce -99.5% 0.00% −0.28
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) Reduce -17.0% 0.86% −0.27
EXPE Expedia Group Inc. Sold out 0.00% −0.23
NFLX Netflix Inc. Reduce -24.6% 0.31% −0.19
SHOP Shopify Inc. Class A Sold out 0.00% −0.19
BN Brookfield Corp. Sold out 0.00% −0.18
V Visa Inc. Class A Reduce -88.7% 0.02% −0.18
NTSX Wisdomtree US Efficient Core Reduce -9.5% 3.86% −0.16
PODD Insulet Corp. Sold out 0.00% −0.14
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) Reduce -25.4% 0.45% −0.14
FORD MOTOR COMPANY (F 0 03/15/26) Reduce -22.9% 0.59% −0.12
MLPX Global X MLP & Energy Infras Reduce -3.0% 5.17% −0.12
EBAY eBay Inc. Sold out 0.00% −0.11
SPAB SS SPDR P Agg Bond ETF Reduce -5.2% 7.81% −0.11
VIG Vanguard Dividend Apprec ETF Reduce -8.3% 4.27% −0.11
COINBASE GLOBAL INC (COIN 0.25 04/01/30) Sold out 0.00% −0.10
ETSY Etsy Inc. Sold out 0.00% −0.10
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.10
SCHH Schwab US REIT ETF Reduce -3.8% 3.36% −0.09
GOOGL Alphabet Inc. Class A Reduce -33.1% 0.80% −0.09
BND Vanguard Total Bond Market Reduce -4.9% 7.83% −0.09
COST Costco Wholesale Corp. Reduce -19.1% 0.33% −0.09
AGG iShares Core U.S. Aggregate Reduce -4.9% 7.82% −0.09
BX Blackstone Inc. Reduce -21.1% 0.25% −0.09
AMZN Amazon.com Inc. Reduce -19.9% 0.62% −0.09
UBER Uber Technologies Inc. Reduce -10.2% 0.31% −0.09
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.08
SNPS Synopsys Inc. Reduce -96.4% 0.00% −0.08
TJX TJX Companies Inc. Reduce -29.4% 0.28% −0.08
HD Home Depot Inc. Reduce -83.0% 0.01% −0.07
GS Goldman Sachs Group Inc. Reduce -61.2% 0.05% −0.07
WMT Walmart Inc. Reduce -22.6% 0.44% −0.06
MSFT Microsoft Corp. Reduce -6.7% 0.64% −0.06
APO Apollo Global Management Inc. Reduce -27.0% 0.29% −0.06
HON Honeywell International Inc. Sold out 0.00% −0.06
ORCL Oracle Corp. Reduce -64.0% 0.02% −0.06
KKR KKR & Co. Inc. Reduce -18.9% 0.26% −0.05
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -9.3% 1.69% −0.05
AXP American Express Co. Reduce -28.7% 0.25% −0.05
IHAK iShares Cybersecurity & Tech Reduce -63.9% 0.02% −0.05
INTU Intuit Inc. Reduce -12.7% 0.33% −0.04
BLK BlackRock Inc. Reduce -86.5% 0.01% −0.04
EQIX Equinix Inc. Reduce -93.6% 0.00% −0.04
PLD Prologis Inc. Sold out 0.00% −0.04

Portfolio Buys Q3 2025 → Q4 2025
IEFA iShares Core MSCI Eafe ETF Add +26.5% 1.73% +0.45
WELL Welltower Inc. New 0.42% +0.42
TDG Transdigm Group Inc. Add +18131.3% 0.42% +0.42
ATI Ati Inc. New 0.42% +0.42
SPY SS SPDR S&P 500 ETF Trust-US Add +91.9% 0.80% +0.41
MDT Medtronic PLC New 0.32% +0.32
CFG Citizens Financial Group New 0.29% +0.29
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) New 0.29% +0.29
LLY Eli Lilly & Co. Add +148.7% 0.34% +0.25
DATADOG INC (DDOG 0 12/01/29) New 0.23% +0.23
SCHW Schwab (charles) Corp. Add +528.6% 0.24% +0.20
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) Add +24.6% 0.88% +0.20
BRK.B Berkshire Hathaway Inc. Class B Add +199.9% 0.27% +0.18
GOOG Alphabet Inc. Class C Add +125.5% 0.27% +0.18
VOO Vanguard S&P 500 ETF Add +0.9% 2.28% +0.17
CCL Carnival Corp. Add +33.9% 0.46% +0.15
SBUX Starbucks Corp. New 0.15% +0.15
CRM Salesforce Inc. Add +1691.7% 0.14% +0.14
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) Add +12.5% 1.04% +0.14
MCD McDonald's Corp. Add +208.8% 0.19% +0.13
TSM Taiwan Semiconductor-SP ADR Add +80.9% 0.23% +0.12
GEV GE Vernova Inc. New 0.11% +0.11
XOM Exxon Mobil Corp. Add +113.5% 0.19% +0.11
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) Add +14.5% 0.86% +0.11
WRBY Warby Parker Inc. Class A New 0.10% +0.10
BKNG Booking Holdings Inc. New 0.09% +0.09
CSCO Cisco Systems Inc. Add +923.3% 0.10% +0.09
WMB Williams Cos Inc. Add +356.3% 0.11% +0.08
DE Deere & Co. Add +2098.7% 0.09% +0.08
UNH Unitedhealth Group Inc. Add +789.5% 0.08% +0.07
JPM JPMorgan Chase & Co. Add +45.0% 0.19% +0.07
CAT Caterpillar Inc. Add +67.7% 0.12% +0.06
MERITAGE HOMES CORP (MTH 1.75 05/15/28) Add +7.4% 0.81% +0.06
WFC Wells Fargo & Co. New 0.05% +0.05
GE General Electric Add +85.2% 0.11% +0.05
NVS Novartis AG-Sponsored ADR Add +75.0% 0.11% +0.05
ISRG Intuitive Surgical Inc. Add +46.7% 0.10% +0.05
BABA Alibaba Group Holding-SP ADR New 0.05% +0.05
PLTR Palantir Technologies Inc. Class A Add +35.5% 0.16% +0.04
IBM Intl Business Machines Corp. Add +30.2% 0.13% +0.04
ITT Itt Inc. Add +9.3% 0.38% +0.04
CEG Constellation Energy Add +59.5% 0.08% +0.03
PANW Palo Alto Networks Inc. Add +61.0% 0.09% +0.03
MELI MercadoLibre Inc. Add +22.0% 0.33% +0.03
NEE Nextera Energy Inc. Add +42.1% 0.08% +0.03
IEF iShares 7-10 Year Treasury B Add +866.7% 0.03% +0.02
NRG NRG Energy Inc. Add +102.2% 0.04% +0.02
ABBV Abbvie Inc. Add +17.1% 0.12% +0.02
VST Vistra Corp. Add +127.3% 0.04% +0.02
TTWO Take-Two Interactive Softwre Add +34.1% 0.04% +0.01

Notes & Other Activity Q3 2025 → Q4 2025
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 Add +156.4% 190,800 $9.3M
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Add +275.3% 158,000 $8.0M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Reduce -6.9% 150,400 $7.8M
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Add +0.3% 89,440 $6.0M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG Add +27.8% 89,600 $5.2M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Reduce -8.8% 27,100 $2.0M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 187$1.0BAGG, BND, SCHZ, IVV, MLPX
Q1 2026 171$919.0MSCHZ, AGG, BND, NTSX, MLPX
Q4 2025 176$918.2MBND, AGG, SPAB, MLPX, IVV
Q3 2025 185$958.5MSPAB, BND, AGG, QQQM, MLPX
Q2 2025 185$963.5MBND, SPAB, AGG, MLPX, QQQM
Q1 2025 110$953.7MBND, SPAB, AGG, IVV, MLPX
Q4 2024 99$986.3MBND, AGG, SPAB, IVV, QQQM
Q3 2024 165$1.0BBND, SPAB, AGG, QQQM, AMLP
Q2 2024 185$1000.0MAGG, BND, SPAB, AMLP, QQQM
Q1 2024 204$1.1BBND, AGG, SPAB, AMLP, QQQM