Rational Advisors, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Rational Advisors, Inc. reported 171 stock positions worth $919.0 million. Its top holding was Schwab US Aggregate Bond ETF (SCHZ) at 7.8% of the portfolio, followed by iShares Core U.S. Aggregate (AGG, 7.8%) and Vanguard Total Bond Market (BND, 7.8%). Compared with Q4 2025, it opened 20 new positions, sold out of 25, added to 52 and reduced 31. The biggest buy was a new position in Schwab US Aggregate Bond ETF (SCHZ) and the biggest sale an exit from SS SPDR P Agg Bond ETF (SPAB).

Most Recent 13F
Q2 2026
Location
San Juan, PR
CIK
0001143565
Portfolio Value
$919.0M (Q1 2026)
SEC Filing
0001580642-26-003009 ↗ filed May 7, 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 Q4 2025 Q1 2026: $919.0M $919.0M Q1 2026 Q2 2026: $1.0B Q2 2026

Holdings 171 stocks · $919.0M
SCHZ Schwab US Aggregate Bond ETF 7.77% 3,076,262 $71.4M New
AGG iShares Core U.S. Aggregate 7.76% 718,647 $71.3M Reduce -0.1%
BND Vanguard Total Bond Market 7.76% 968,610 $71.3M Reduce -0.2%
NTSX Wisdomtree US Efficient Core 7.54% 1,296,573 $69.3M Add +100.7%
MLPX Global X MLP & Energy Infras 5.42% 673,199 $49.8M Reduce -14.1%
QQQM Invesco Nasdaq 100 ETF 4.85% 187,473 $44.5M Add +3.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 4.61% 923,163 $42.4M Reduce -4.6%
VIG Vanguard Dividend Apprec ETF 4.12% 176,111 $37.9M Reduce -1.3%
IVV iShares Core S&P 500 ETF 3.75% 52,767 $34.5M Reduce -22.1%
JEPI JPMorgan Equity Premium Inco 3.29% 534,014 $30.3M Add +11.4%
SCHH Schwab US REIT ETF 2.85% 1,218,575 $26.2M Reduce -17.5%
PFFD Global X US Preferred ETF 2.50% 1,249,820 $23.0M Add +19.1%
IEFA iShares Core MSCI Eafe ETF 2.33% 236,210 $21.4M Add +33.2%
VOO Vanguard S&P 500 ETF 2.27% 34,924 $20.9M Add +4.6%
VCIT Vanguard Int-Term Corporate 2.12% 235,761 $19.5M New
DFCF Dimensional Core Fixed Inc. 1.70% 369,265 $15.6M Reduce -0.6%
SPYM Ste STR SPDR PT S&P 500 ETF 1.61% 193,154 $14.8M Add +0.1%
BAB Invesco Taxable Municipal Bo 1.27% 431,756 $11.6M Add +201.4%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) 1.14% 8,920,000 $10.4M Add +24.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.12% 15,878 $10.3M Add +47.6%
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) 1.09% 11,367,000 $10.0M Add +6.9%
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) 1.07% 7,944,000 $9.8M New
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) 1.07% 8,169,000 $9.8M Add +34.2%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) 1.06% 9,952,000 $9.7M No change
ETSY INC (ETSY 0.25 06/15/28) 1.01% 10,430,000 $9.3M Add +29.7%
MERITAGE HOMES CORP (MTH 1.75 05/15/28) 0.95% 9,102,000 $8.8M Add +20.7%
WELL Welltower Inc. 0.93% 44,400 $8.5M Add +111.4%
WMT Walmart Inc. 0.88% 68,893 $8.1M Add +88.7%
SCYB Schwab High Yield Bond ETF 0.85% 301,093 $7.8M New
NVDA Nvidia Corp. 0.58% 30,434 $5.3M Add +91.8%
AAPL Apple Inc. 0.57% 20,614 $5.2M Add +5.6%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) 0.57% 5,780,000 $5.2M No change
GOOGL Alphabet Inc. Class A 0.53% 17,034 $4.9M Reduce -27.8%
AMZN Amazon.com Inc. 0.53% 23,465 $4.9M Reduce -5.3%
TSM Taiwan Semiconductor-SP ADR 0.48% 13,029 $4.4M Add +84.0%
MSFT Microsoft Corp. 0.45% 11,097 $4.1M Reduce -8.8%
ITT Itt Inc. 0.42% 20,300 $3.9M Add +1.5%
VMBS Vanguard Mortgage-Backed Sec 0.42% 82,375 $3.9M New
DATADOG INC (DDOG 0 12/01/29) 0.41% 3,880,000 $3.8M Add +80.5%
BRK.B Berkshire Hathaway Inc. Class B 0.35% 6,637 $3.2M Add +35.0%
SOUTHERN CO (SO 4.5 06/15/27) 0.34% 2,820,000 $3.1M New
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) 0.34% 2,970,000 $3.1M Add +21.7%
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) 0.33% 3,196,000 $3.0M Reduce -25.4%
NFLX Netflix Inc. 0.32% 30,252 $2.9M Add +0.3%
MDT Medtronic PLC 0.31% 33,200 $2.9M Add +9.2%
GE General Electric filed as GE AEROSPACE 0.31% 10,054 $2.9M Add +214.8%
COST Costco Wholesale Corp. 0.30% 2,778 $2.8M Reduce -20.4%
MELI MercadoLibre Inc. 0.29% 1,525 $2.6M No change
LNG Cheniere Energy Inc. 0.28% 9,100 $2.6M New
UBER Uber Technologies Inc. 0.28% 35,724 $2.6M Add +3.8%
SPOT Spotify Technology SA 0.28% 5,270 $2.6M Reduce -0.1%
AVGO Broadcom Inc. 0.27% 8,022 $2.5M Add +49.8%
PLTR Palantir Technologies Inc. Class A 0.27% 16,948 $2.5M Add +100.8%
MCD McDonald's Corp. 0.25% 7,439 $2.3M Add +28.8%
JPM JPMorgan Chase & Co. 0.25% 7,824 $2.3M Add +43.2%
GOOG Alphabet Inc. Class C 0.25% 7,924 $2.3M Add +2.1%
BABA Alibaba Group Holding-SP ADR 0.24% 17,290 $2.2M Add +498.3%
WMB Williams Cos Inc. 0.23% 32,541 $2.2M Add +96.1%
GUARDANT HEALTH INC (GH 0 11/15/27) 0.23% 2,049,000 $2.1M New
XOM Exxon Mobil Corp. 0.22% 11,979 $2.0M Reduce -18.5%
NOW ServiceNow Inc. 0.22% 19,039 $2.0M Reduce -26.3%
IEF iShares 7-10 Year Treasury B 0.21% 19,829 $1.9M Add +695.1%
SHLD Global X Defense Tech ETF 0.17% 22,000 $1.6M New
LLY Eli Lilly & Co. 0.16% 1,567 $1.4M Reduce -46.4%
TSLA Tesla Inc. 0.16% 3,857 $1.4M Reduce -9.8%
POWR iShares US Power Infrastruct 0.15% 53,245 $1.4M New
APO Apollo Global Management Inc. 0.15% 12,487 $1.4M Reduce -31.0%
APP AppLovin Corp. Class A 0.15% 3,411 $1.4M Add +2973.0%
ABBV Abbvie Inc. 0.14% 5,897 $1.3M Add +20.3%
CAT Caterpillar Inc. 0.14% 1,792 $1.3M Reduce -4.7%
AMD Advanced Micro Devices 0.14% 6,219 $1.3M Add +141.9%
DE Deere & Co. 0.13% 2,143 $1.2M Add +23.4%
NVS Novartis AG-Sponsored ADR 0.13% 7,594 $1.2M Add +5.7%
ITA iShares U.S. Aerospace & Def 0.13% 5,282 $1.2M Add +47.4%
BX Blackstone Inc. 0.12% 9,709 $1.1M Reduce -34.0%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.12% 77,000 $1.1M New
DOV Dover Corp. 0.12% 5,300 $1.1M New
HEI Heico Corp. 0.12% 4,000 $1.1M New
WFC Wells Fargo & Co. 0.12% 12,538 $1.1M Add +137.0%
GLW Corning Inc. 0.11% 7,687 $1.0M Add +208.2%
ATI Ati Inc. 0.11% 6,900 $1.0M Reduce -79.3%
WRBY Warby Parker Inc. Class A 0.10% 43,500 $948K No change
MU Micron Technology Inc. 0.10% 2,794 $944K New
META Meta Platforms Inc. Class A 0.10% 1,620 $927K Reduce -74.7%
WLDR Simpl Affi Wor Le Equ ETF-Ui 0.10% 23,527 $875K New
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.09% 10,534 $869K Add +7.5%
PANW Palo Alto Networks Inc. 0.09% 5,049 $809K Add +13.1%
SHY iShares 1-3 Year Treasury Bo 0.08% 9,243 $763K Add +1243.5%
VRT Vertiv Holdings Co. Class A 0.08% 3,021 $757K New
ANET Arista Networks Inc. 0.08% 5,664 $695K New
COPX Global X Copper Miners ETF 0.06% 7,630 $583K New
GS Goldman Sachs Group Inc. 0.06% 681 $576K Add +21.0%
SHOP Shopify Inc. Class A 0.05% 4,000 $474K New
CRWD CrowdStrike Holdings Inc. Class A 0.05% 1,200 $468K New
V Visa Inc. Class A 0.05% 1,284 $419K Add +100.0%
VST Vistra Corp. 0.04% 2,377 $383K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.02% 128 $169K No change
MA Mastercard Inc. Class A 0.02% 295 $147K No change
ORCL Oracle Corp. 0.02% 941 $138K No change
HD Home Depot Inc. 0.01% 324 $107K No change
CSCO Cisco Systems Inc. 0.01% 1,300 $101K Reduce -89.2%
AMAT Applied Materials Inc. 0.01% 259 $89K No change
LRCX Lam Research Corp. 0.01% 412 $88K No change
UNH Unitedhealth Group Inc. 0.01% 295 $80K Reduce -87.2%
LIN Linde PLC 0.01% 155 $77K No change
TMUS T-Mobile US Inc. 0.01% 365 $77K No change
AXP American Express Co. 0.01% 224 $68K Reduce -96.4%
KLAC KLA Corp. 0.01% 43 $63K No change
TXN Texas Instruments Inc. 0.01% 318 $62K No change
AMGN Amgen Inc. 0.01% 175 $62K No change
WM Waste Management Inc. 0.01% 266 $60K Add +100.0%
ABT Abbott Laboratories 0.01% 570 $59K No change
CRM Salesforce Inc. 0.01% 306 $57K Reduce -93.9%
ISRG Intuitive Surgical Inc. 0.01% 117 $54K Reduce -93.0%
BLK BlackRock Inc. 0.01% 53 $51K No change
LMT Lockheed Martin Corp. 0.01% 76 $46K No change
QCOM Qualcomm Inc. 0.00% 351 $45K No change
LOW Lowe's Cos Inc. 0.00% 182 $43K No change
SPGI S&P Global Inc. 0.00% 100 $43K No change
SYK Stryker Corp. 0.00% 125 $41K No change
INTU Intuit Inc. 0.00% 91 $39K Reduce -98.0%
VRTX Vertex Pharmaceuticals Inc. 0.00% 84 $38K No change
PH Parker Hannifin Corp. 0.00% 41 $37K No change
ZTS Zoetis Inc. 0.00% 300 $37K Add +100.0%
CME Cme Group Inc. 0.00% 121 $36K No change
HCA HCA Healthcare Inc. 0.00% 75 $35K No change
ADBE Adobe Inc. 0.00% 134 $33K No change
NOC Northrop Grumman Corp. 0.00% 46 $31K No change
EQIX Equinix Inc. 0.00% 32 $31K No change
BSX Boston Scientific Corp. 0.00% 495 $31K No change
ICE Intercontinental Exchange Inc. 0.00% 186 $29K No change
ADP Automatic Data Processing 0.00% 132 $27K No change
SHW The Sherwin-Williams Co. 0.00% 81 $26K No change
CSX CSX Corp. 0.00% 625 $26K No change
MCO Moody's Corp. 0.00% 58 $25K No change
CDNS Cadence Design SYS Inc. 0.00% 90 $25K Reduce -95.1%
VMC Vulcan Materials Co. 0.00% 88 $25K Add +100.0%
AON Aon PLC Class A 0.00% 72 $23K No change
SNPS Synopsys Inc. 0.00% 58 $23K No change
CI The Cigna Group 0.00% 86 $23K No change
CTAS Cintas Corp. 0.00% 133 $22K No change
RSG Republic Services Inc. 0.00% 98 $21K No change
COR Cencora Inc. 0.00% 66 $21K No change
FTNT Fortinet Inc. 0.00% 252 $21K No change
TDG Transdigm Group Inc. 0.00% 17 $20K Reduce -99.4%
ADSK Autodesk Inc. 0.00% 69 $17K No change
NDAQ Nasdaq Inc. 0.00% 192 $16K No change
IDXX Idexx Laboratories Inc. 0.00% 28 $16K No change
MSCI MSCI Inc. 0.00% 27 $15K No change
DHI D.R. Horton Inc. 0.00% 96 $13K No change
WST West Pharmaceutical Services 0.00% 50 $13K Add +100.0%
ODFL Old Dominion Freight Line 0.00% 66 $13K No change
LYV Live Nation Entertainment Inc. 0.00% 80 $12K No change
ARES Ares Management Corp. Class A 0.00% 110 $12K No change
FISV Fiserv Inc. 0.00% 198 $11K No change
AXON Axon Enterprise Inc. 0.00% 26 $11K No change
CPRT Copart Inc. 0.00% 323 $11K No change
A Agilent Technologies Inc. 0.00% 90 $10K No change
CBOE Cboe Global Markets Inc. 0.00% 35 $10K No change
IQV Iqvia Holdings Inc. 0.00% 54 $9K No change
ROL Rollins Inc. 0.00% 168 $9K No change
VRSN Verisign Inc. 0.00% 32 $8K No change
FICO Fair Isaac Corp. 0.00% 7 $7K No change
EFX Equifax Inc. 0.00% 41 $7K No change
LEN Lennar Corp. Class A 0.00% 84 $7K No change
BR Broadridge Financial Solutio 0.00% 39 $6K No change
CSGP Costar Group Inc. 0.00% 139 $6K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.00% 25 $4K No change
AOS Smith (a.o.) Corp. 0.00% 37 $2K No change
POOL Pool Corp. 0.00% 10 $2K No change
LNTH Lantheus Holdings Inc. 0.00% 25 $2K No change
Other holdings (8): bonds, preferreds, convertibles and warrants · $60.9M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 16,400$19.4MAdd +100.0%
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 201,000$10.6MAdd +5.3%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 8,048$9.6MNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 97,300$6.3MNew
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 89,840$5.8MAdd +0.5%
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG 68,000$3.9MReduce -24.1%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 69,800$2.8MReduce -53.6%
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 71,300$2.6MReduce -54.9%

Total filed on the 13F, all lines: $979.9M.

Portfolio Sells Q4 2025 → Q1 2026
SPAB SS SPDR P Agg Bond ETF Sold out 0.00% −7.81
SPHY SS SPDR P High Yield ETF Sold out 0.00% −2.59
IVV iShares Core S&P 500 ETF Reduce -22.1% 3.75% −1.30
SCHI Schwab 5-10 Year Corporate B Sold out 0.00% −1.29
VENTAS REALTY LP (VTR 3.75 06/01/26) Sold out 0.00% −0.97
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) Sold out 0.00% −0.88
MBB iShares MBS ETF Sold out 0.00% −0.85
ALLIANT ENERGY CORP (LNT 3.875 03/15/26) Sold out 0.00% −0.78
FORD MOTOR COMPANY (F 0 03/15/26) Sold out 0.00% −0.59
SCHH Schwab US REIT ETF Reduce -17.5% 2.85% −0.51
CCL Carnival Corp. Sold out 0.00% −0.46
OKTA INC (OKTA 0.375 06/15/26) Sold out 0.00% −0.43
TDG Transdigm Group Inc. Reduce -99.4% 0.00% −0.42
MOG.A Moog Inc. Class A Sold out 0.00% −0.40
META Meta Platforms Inc. Class A Reduce -74.7% 0.10% −0.36
INTU Intuit Inc. Reduce -98.0% 0.00% −0.32
ATI Ati Inc. Reduce -79.3% 0.11% −0.31
CFG Citizens Financial Group Sold out 0.00% −0.29
TJX TJX Companies Inc. Sold out 0.00% −0.28
GOOGL Alphabet Inc. Class A Reduce -27.8% 0.53% −0.27
KKR KKR & Co. Inc. Sold out 0.00% −0.26
AXP American Express Co. Reduce -96.4% 0.01% −0.24
PROS HOLDINGS INC (PRO 2.25 09/15/27) Sold out 0.00% −0.24
SCHW Schwab (charles) Corp. Sold out 0.00% −0.24
NOW ServiceNow Inc. Reduce -26.3% 0.22% −0.21
MSFT Microsoft Corp. Reduce -8.8% 0.45% −0.19
LLY Eli Lilly & Co. Reduce -46.4% 0.16% −0.19
VIG Vanguard Dividend Apprec ETF Reduce -1.3% 4.12% −0.15
SBUX Starbucks Corp. Sold out 0.00% −0.15
CRM Salesforce Inc. Reduce -93.9% 0.01% −0.14
APO Apollo Global Management Inc. Reduce -31.0% 0.15% −0.13
IBM Intl Business Machines Corp. Sold out 0.00% −0.13
BX Blackstone Inc. Reduce -34.0% 0.12% −0.13
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) Reduce -25.4% 0.33% −0.12
GEV GE Vernova Inc. Sold out 0.00% −0.11
ISRG Intuitive Surgical Inc. Reduce -93.0% 0.01% −0.10
BKNG Booking Holdings Inc. Sold out 0.00% −0.09
AMZN Amazon.com Inc. Reduce -5.3% 0.53% −0.09
CSCO Cisco Systems Inc. Reduce -89.2% 0.01% −0.09
NEE Nextera Energy Inc. Sold out 0.00% −0.08
CEG Constellation Energy Sold out 0.00% −0.08
UNH Unitedhealth Group Inc. Reduce -87.2% 0.01% −0.07
BND Vanguard Total Bond Market Reduce -0.2% 7.76% −0.07
AGG iShares Core U.S. Aggregate Reduce -0.1% 7.76% −0.06
CDNS Cadence Design SYS Inc. Reduce -95.1% 0.00% −0.06
SPOT Spotify Technology SA Reduce -0.1% 0.28% −0.06
TSLA Tesla Inc. Reduce -9.8% 0.16% −0.05
NRG NRG Energy Inc. Sold out 0.00% −0.04
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.04
COST Costco Wholesale Corp. Reduce -20.4% 0.30% −0.03

Portfolio Buys Q4 2025 → Q1 2026
SCHZ Schwab US Aggregate Bond ETF New 7.77% +7.77
NTSX Wisdomtree US Efficient Core Add +100.7% 7.54% +3.69
VCIT Vanguard Int-Term Corporate New 2.12% +2.12
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) New 1.07% +1.07
SCYB Schwab High Yield Bond ETF New 0.85% +0.85
BAB Invesco Taxable Municipal Bo Add +201.4% 1.27% +0.84
IEFA iShares Core MSCI Eafe ETF Add +33.2% 2.33% +0.60
WELL Welltower Inc. Add +111.4% 0.93% +0.50
WMT Walmart Inc. Add +88.7% 0.88% +0.44
VMBS Vanguard Mortgage-Backed Sec New 0.42% +0.42
PFFD Global X US Preferred ETF Add +19.1% 2.50% +0.34
SOUTHERN CO (SO 4.5 06/15/27) New 0.34% +0.34
SPY SS SPDR S&P 500 ETF Trust-US Add +47.6% 1.12% +0.32
JEPI JPMorgan Equity Premium Inco Add +11.4% 3.29% +0.30
LNG Cheniere Energy Inc. New 0.28% +0.28
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) Add +24.1% 1.14% +0.28
NVDA Nvidia Corp. Add +91.8% 0.58% +0.26
TSM Taiwan Semiconductor-SP ADR Add +84.0% 0.48% +0.24
ETSY INC (ETSY 0.25 06/15/28) Add +29.7% 1.01% +0.23
GUARDANT HEALTH INC (GH 0 11/15/27) New 0.23% +0.23
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) Add +34.2% 1.07% +0.21
GE General Electric Add +214.8% 0.31% +0.20
BABA Alibaba Group Holding-SP ADR Add +498.3% 0.24% +0.19
IEF iShares 7-10 Year Treasury B Add +695.1% 0.21% +0.18
DATADOG INC (DDOG 0 12/01/29) Add +80.5% 0.41% +0.17
SHLD Global X Defense Tech ETF New 0.17% +0.17
POWR iShares US Power Infrastruct New 0.15% +0.15
MERITAGE HOMES CORP (MTH 1.75 05/15/28) Add +20.7% 0.95% +0.15
APP AppLovin Corp. Class A Add +2973.0% 0.15% +0.14
WMB Williams Cos Inc. Add +96.1% 0.23% +0.13
NU Nu Holdings Ltd./Cayman Isl-A New 0.12% +0.12
DOV Dover Corp. New 0.12% +0.12
HEI Heico Corp. New 0.12% +0.12
PLTR Palantir Technologies Inc. Class A Add +100.8% 0.27% +0.11
MU Micron Technology Inc. New 0.10% +0.10
WLDR Simpl Affi Wor Le Equ ETF-Ui New 0.10% +0.10
GLW Corning Inc. Add +208.2% 0.11% +0.09
VRT Vertiv Holdings Co. Class A New 0.08% +0.08
AMD Advanced Micro Devices Add +141.9% 0.14% +0.08
BRK.B Berkshire Hathaway Inc. Class B Add +35.0% 0.35% +0.08
SHY iShares 1-3 Year Treasury Bo Add +1243.5% 0.08% +0.08
ANET Arista Networks Inc. New 0.08% +0.08
AVGO Broadcom Inc. Add +49.8% 0.27% +0.07
COPX Global X Copper Miners ETF New 0.06% +0.06
WFC Wells Fargo & Co. Add +137.0% 0.12% +0.06
MCD McDonald's Corp. Add +28.8% 0.25% +0.06
JPM JPMorgan Chase & Co. Add +43.2% 0.25% +0.06
SHOP Shopify Inc. Class A New 0.05% +0.05
CRWD CrowdStrike Holdings Inc. Class A New 0.05% +0.05
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) Add +6.9% 1.09% +0.05

Notes & Other Activity Q4 2025 → Q1 2026
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +100.0% 16,400 $19.4M
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 Add +5.3% 201,000 $10.6M
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 97,300 $6.3M
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV Add +0.5% 89,840 $5.8M
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) DEP SHS REPSTG Reduce -24.1% 68,000 $3.9M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D Reduce -53.6% 69,800 $2.8M
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Reduce -54.9% 71,300 $2.6M
APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) SER A MAND CNV Sold out 27,100 $2.0Mbefore exit

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