Royal Bank of Canada
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Royal Bank of Canada reported 6,380 stock positions worth $461.8 billion. Its top holding was Microsoft (MSFT) at 3.6% of the portfolio, followed by Apple (AAPL, 3.5%) and Nvidia (NVDA, 2.9%). Compared with Q3 2024, it opened 344 new positions, sold out of 284, added to 2,993 and reduced 2,698. The biggest buy was Nvidia (NVDA, shares +13%) and the biggest sale Toronto-Dominion Bank (TD, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001000275
- Portfolio Value
- $461.8B (Q4 2024)
- SEC Filing
- 0001140361-25-004660 ↗ filed Feb 14, 2025
Holdings Value
Holdings 6,380 stocks · $461.8B
| MSFT Microsoft Corp. | 3.59% | 39,360,111 | $16.6B | Add +8.2% |
| AAPL Apple Inc. | 3.46% | 63,852,842 | $16.0B | Add +4.7% |
| NVDA Nvidia Corp. | 2.86% | 98,435,210 | $13.2B | Add +12.7% |
| AMZN Amazon.com Inc. | 2.66% | 55,906,269 | $12.3B | Add +4.5% |
| RY Royal Bank of Canada | 1.92% | 73,491,824 | $8.9B | Reduce -1.3% |
| IVV iShares Core S&P 500 ETF | 1.80% | 14,146,501 | $8.3B | Add +18.0% |
| TD Toronto-Dominion Bank | 1.65% | 143,270,852 | $7.6B | Reduce -2.9% |
| GOOGL Alphabet Inc. Class A | 1.28% | 31,280,108 | $5.9B | Add +11.9% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 1.27% | 60,556,961 | $5.9B | Add +9.5% |
| JPM JPMorgan Chase & Co. | 1.20% | 23,033,823 | $5.5B | Reduce -4.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.17% | 9,257,496 | $5.4B | Reduce -25.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.16% | 99,424,705 | $5.3B | Reduce -3.0% |
| ENB Enbridge Inc. | 1.09% | 119,049,134 | $5.1B | Add +0.3% |
| META Meta Platforms Inc. Class A | 1.09% | 8,616,785 | $5.0B | Add +10.7% |
| AVGO Broadcom Inc. | 1.09% | 21,737,691 | $5.0B | Add +3.4% |
| GOOG Alphabet Inc. Class C | 1.06% | 25,629,761 | $4.9B | Add +11.0% |
| BN Brookfield Corp. | 1.04% | 83,487,281 | $4.8B | Reduce -0.9% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.03% | 75,355,970 | $4.8B | Add +3.8% |
| MFC Manulife Financial Corp. | 1.00% | 149,765,209 | $4.6B | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.96% | 9,794,174 | $4.4B | Add +2.8% |
| V Visa Inc. Class A | 0.94% | 13,750,913 | $4.3B | Reduce -17.7% |
| TRP TC Energy Corp. | 0.93% | 92,671,697 | $4.3B | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 0.89% | 8,145,279 | $4.1B | Add +1.5% |
| CP Canadian Pacific Kansas City | 0.83% | 53,228,904 | $3.9B | Add +3.5% |
| COST Costco Wholesale Corp. | 0.83% | 4,188,106 | $3.8B | Add +4.1% |
| HD Home Depot Inc. | 0.82% | 9,782,071 | $3.8B | Reduce -3.3% |
| CNQ Canadian Natural Resources | 0.71% | 106,944,729 | $3.3B | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.62% | 17,162,517 | $2.9B | Reduce -0.7% |
| CNI Canadian Natl Railway Co. | 0.61% | 27,757,038 | $2.8B | Add +8.0% |
| MA Mastercard Inc. Class A | 0.58% | 5,124,227 | $2.7B | Add +3.4% |
| SLF Sun Life Financial Inc. | 0.56% | 43,880,060 | $2.6B | Add +2.5% |
| VOO Vanguard S&P 500 ETF | 0.53% | 4,559,601 | $2.5B | Add +37.1% |
| SU Suncor Energy Inc. | 0.51% | 65,986,083 | $2.4B | Reduce -4.2% |
| WMT Walmart Inc. | 0.49% | 25,254,734 | $2.3B | Reduce -0.6% |
| TU Telus Corp. | 0.47% | 160,531,268 | $2.2B | Add +2.0% |
| TSLA Tesla Inc. | 0.47% | 5,388,815 | $2.2B | Add +17.2% |
| SHOP Shopify Inc. Class A | 0.46% | 20,127,908 | $2.1B | Add +2.7% |
| MCD McDonald's Corp. | 0.46% | 7,334,938 | $2.1B | Add +2.6% |
| LLY Eli Lilly & Co. | 0.45% | 2,721,378 | $2.1B | Add +6.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.45% | 47,478,590 | $2.1B | Add +8.2% |
| NFLX Netflix Inc. | 0.45% | 2,340,252 | $2.1B | Reduce -7.7% |
| JNJ Johnson & Johnson | 0.45% | 14,394,620 | $2.1B | Reduce -3.9% |
| CRM Salesforce Inc. | 0.45% | 6,180,975 | $2.1B | Reduce -7.3% |
| VEA Vanguard Ftse Developed ETF | 0.43% | 41,146,405 | $2.0B | Reduce -0.7% |
| XOM Exxon Mobil Corp. | 0.42% | 18,170,054 | $2.0B | Reduce -1.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.41% | 3,706,812 | $1.9B | Reduce -19.6% |
| TRI Thomson Reuters Corp. | 0.40% | 11,604,745 | $1.9B | Add +0.5% |
| TXN Texas Instruments Inc. | 0.40% | 9,856,720 | $1.8B | Add +3.8% |
| WCN Waste Connections Inc. | 0.40% | 10,671,461 | $1.8B | Add +2.2% |
| MRK Merck & Co. Inc. | 0.40% | 18,375,974 | $1.8B | Add +10.9% |
| ACN Accenture PLC Class A | 0.39% | 5,126,846 | $1.8B | Add +5.2% |
| KO The Coca-Cola Co. | 0.37% | 27,773,416 | $1.7B | Reduce -1.7% |
| HON Honeywell International Inc. | 0.37% | 7,538,586 | $1.7B | Add +1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.37% | 3,272,531 | $1.7B | Add +0.8% |
| PBA Pembina Pipeline Corp. | 0.35% | 43,973,452 | $1.6B | Add +2.2% |
| IJH iShares Core S&P Midcap ETF | 0.35% | 25,727,192 | $1.6B | Add +19.6% |
| CSCO Cisco Systems Inc. | 0.35% | 27,034,732 | $1.6B | Add +13.5% |
| ABBV Abbvie Inc. | 0.34% | 8,720,540 | $1.5B | Reduce -1.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 12,300,919 | $1.5B | Add +12.9% |
| NEE Nextera Energy Inc. | 0.32% | 20,449,542 | $1.5B | Add +2.8% |
| BIP Brookfield Infrastructure Pa | 0.31% | 45,692,499 | $1.5B | Reduce -2.6% |
| PH Parker Hannifin Corp. | 0.31% | 2,277,001 | $1.4B | Add +99.8% |
| PEP Pepsico Inc. | 0.31% | 9,472,862 | $1.4B | Add +20.4% |
| CVX Chevron Corp. | 0.31% | 9,915,412 | $1.4B | Add +1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 12,855,516 | $1.4B | Add +3.5% |
| INTU Intuit Inc. | 0.30% | 2,235,461 | $1.4B | Add +4.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.30% | 7,029,016 | $1.4B | Reduce -22.4% |
| BX Blackstone Inc. | 0.29% | 7,901,485 | $1.4B | Reduce -16.7% |
| ICE Intercontinental Exchange Inc. | 0.29% | 9,121,352 | $1.4B | Add +153.9% |
| NOW ServiceNow Inc. | 0.29% | 1,280,540 | $1.4B | Add +14.8% |
| TMUS T-Mobile US Inc. | 0.29% | 6,114,600 | $1.3B | Add +3.6% |
| NTR Nutrien Ltd. | 0.29% | 29,678,223 | $1.3B | Reduce -18.7% |
| AMGN Amgen Inc. | 0.29% | 5,081,046 | $1.3B | Add +5.9% |
| ADBE Adobe Inc. | 0.28% | 2,928,866 | $1.3B | Add +5.6% |
| C Citigroup Inc. | 0.28% | 18,094,516 | $1.3B | Add +6.4% |
| QSR Restaurant Brands Intern | 0.27% | 19,365,900 | $1.3B | Reduce -7.6% |
| BCE Bce Inc. | 0.27% | 54,036,165 | $1.3B | Add +7.5% |
| CRH CRH PLC | 0.27% | 13,418,807 | $1.2B | Reduce -4.4% |
| CB Chubb Ltd. | 0.26% | 4,406,052 | $1.2B | Add +46.9% |
| HCA HCA Healthcare Inc. | 0.26% | 4,031,972 | $1.2B | Reduce -4.3% |
| FTS Fortis Inc. | 0.26% | 28,714,598 | $1.2B | Reduce -2.7% |
| AEM Agnico Eagle Mines Ltd. | 0.26% | 15,261,255 | $1.2B | Add +15.6% |
| AZO AutoZone Inc. | 0.26% | 370,319 | $1.2B | Reduce -6.6% |
| UNP Union Pacific Corp. | 0.25% | 5,002,892 | $1.1B | Add +1.9% |
| PANW Palo Alto Networks Inc. | 0.24% | 6,147,779 | $1.1B | Add +7.3% |
| VZ Verizon Communications Inc. | 0.24% | 27,418,052 | $1.1B | Add +5.8% |
| LMT Lockheed Martin Corp. | 0.24% | 2,256,052 | $1.1B | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 4,974,546 | $1.1B | Reduce -5.9% |
| MS Morgan Stanley | 0.24% | 8,684,616 | $1.1B | Add +15.1% |
| BAM Brookfield Asset Mgmt-A | 0.24% | 20,125,215 | $1.1B | Add +0.8% |
| GS Goldman Sachs Group Inc. | 0.23% | 1,850,826 | $1.1B | Add +29.8% |
| MCK McKesson Corp. | 0.23% | 1,835,019 | $1.0B | Add +8.7% |
| MDT Medtronic PLC | 0.23% | 13,053,736 | $1.0B | Add +11.8% |
| T AT&T Inc. | 0.22% | 44,601,599 | $1.0B | Add +9.0% |
| IWM iShares Russell 2000 ETF | 0.21% | 4,372,481 | $966.1M | Reduce -22.0% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.21% | 2,257,776 | $960.7M | Add +10.0% |
| ORCL Oracle Corp. | 0.21% | 5,764,603 | $960.6M | Add +12.2% |
| VCIT Vanguard Int-Term Corporate | 0.21% | 11,856,196 | $951.7M | Add +4.2% |
| DUK Duke Energy Corp. | 0.20% | 8,503,503 | $916.2M | Add +4.4% |
| APH Amphenol Corp. Class A | 0.20% | 12,997,388 | $902.7M | Reduce -1.8% |
Options reported separately and not counted above: SPY puts ($6.5B), SPY calls ($6.5B), IWM puts ($3.6B), QQQ puts ($2.3B), QQQ calls ($2.3B), XLF puts ($1.0B), IWM calls ($658.1M), BMO puts ($564.3M), BNS puts ($467.1M), TSLA calls ($463.0M), BCE puts ($462.6M), TSLA puts ($457.7M), and 485 more.
Other holdings (174): bonds, preferreds, convertibles and warrants · $443.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 25,289,000 | $25.6M | Add +814.9% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 21,150,000 | $22.4M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 23,103,000 | $22.3M | Reduce -8.4% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 17,341,000 | $17.4M | Reduce -13.7% |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 14,616,000 | $14.5M | Reduce -33.3% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 13,985,000 | $13.8M | Reduce -13.8% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 11,048,000 | $13.7M | Reduce -42.9% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 12,404,000 | $12.7M | Reduce -11.9% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 12,374,000 | $11.6M | Add +574.7% |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 11,345,000 | $11.1M | Reduce -46.4% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 9,169,000 | $11.0M | Reduce -45.5% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 7,400,000 | $10.3M | Add +32.8% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 7,090,000 | $9.0M | Add +78.4% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 7,681,000 | $9.0M | Reduce -18.7% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 8,652,000 | $8.8M | Add +46.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 8,626,000 | $8.7M | Add +292.1% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 8,741,000 | $8.4M | Reduce -26.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 7,382,000 | $7.8M | Reduce -55.6% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 7,659,000 | $7.1M | Reduce -18.7% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 7,008,000 | $6.7M | Add +12.8% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 6,672,000 | $6.6M | Add +107.5% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 4,152,000 | $6.4M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 5,067,000 | $6.4M | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 6,755,000 | $6.3M | Add +363.3% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 5,902,000 | $6.3M | Add +56.8% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 6,327,000 | $6.2M | Add +23.8% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 5,750,000 | $5.6M | New |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 4,996,000 | $4.8M | Reduce -32.2% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 4,505,000 | $4.7M | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 4,739,000 | $4.6M | Add +9.1% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 3,696,000 | $4.5M | Add +2954.6% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 4,371,000 | $4.4M | Add +532.6% |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 3,614,000 | $4.4M | Add +3.4% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 4,289,000 | $4.1M | Reduce -51.9% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 4,700,000 | $4.1M | Reduce -14.2% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 4,490,000 | $4.0M | No change |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 4,320,000 | $3.9M | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 4,452,000 | $3.9M | No change |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 4,240,000 | $3.9M | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 3,821,000 | $3.7M | Add +244.9% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 3,902,000 | $3.6M | New |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | 3,633,000 | $3.6M | Add +20.3% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 3,481,000 | $3.4M | Reduce -41.2% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 2,535,000 | $3.4M | New |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 2,978,000 | $3.3M | Reduce -19.9% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 3,993,000 | $3.3M | Add +302.1% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 3,491,000 | $3.2M | Reduce -47.1% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 3,203,000 | $3.2M | Reduce -32.8% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 3,060,000 | $3.2M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 3,440,000 | $3.1M | Reduce -20.8% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 3,252,000 | $2.9M | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 2,715,000 | $2.9M | Reduce -42.7% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 2,740,000 | $2.7M | Reduce -64.8% |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 2,270,000 | $2.7M | Reduce -12.7% |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | 2,620,000 | $2.6M | Add +4.8% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 2,099,000 | $2.3M | Reduce -38.9% |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 2,250,000 | $2.2M | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 2,056,000 | $2.2M | Reduce -32.6% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 1,958,000 | $2.1M | Reduce -36.5% |
| ZYNEX INC (ZYXI 5 05/15/26) | NOTE 5.000% 5/1 · principal | 2,000,000 | $2.0M | No change |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 1,502,000 | $1.9M | Reduce -46.4% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,665,000 | $1.9M | Reduce -26.3% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,950,000 | $1.9M | New |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | 1,839,000 | $1.8M | Reduce -36.7% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 1,795,000 | $1.7M | Reduce -42.6% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 1,417,000 | $1.5M | Reduce -41.9% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,156,000 | $1.4M | Reduce -37.8% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 729,000 | $1.4M | Reduce -50.8% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 1,395,000 | $1.3M | Reduce -42.1% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 1,173,000 | $1.3M | Reduce -22.1% |
| VARONIS SYSTEM INC (VRNS 1.25 08/15/25) | NOTE 1.250% 8/1 · principal | 850,000 | $1.3M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,066,000 | $1.3M | Reduce -54.2% |
| ACCELERATE DIAGNOSTICS (AXDX 5 12/15/26) | NOTE 5.000%12/1 · principal | 12,363,301 | $1.2M | Add +2.5% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 1,008,000 | $1.2M | Reduce -38.9% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 1,086,000 | $1.1M | Reduce -34.7% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 1,170,000 | $1.1M | Reduce -33.1% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 1,077,000 | $1.0M | Reduce -48.0% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 1,000,000 | $986K | New |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 1,050,000 | $974K | No change |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 948,000 | $972K | New |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 805,000 | $793K | Reduce -42.3% |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 634,000 | $627K | No change |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 371,000 | $594K | Reduce -80.4% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 418,000 | $571K | Reduce -93.8% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 20,070 | $553K | Reduce -3.6% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 635,000 | $550K | No change |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 554,000 | $519K | Reduce -76.2% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 415,000 | $516K | Reduce -84.3% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 200,000 | $502K | Reduce -95.7% |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 400,000 | $395K | Reduce -78.2% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 29,918 | $316K | Add +1.5% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 270,000 | $264K | Reduce -64.4% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 209,000 | $201K | No change |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 197,000 | $190K | Reduce -90.4% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 160,000 | $138K | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 145,000 | $135K | No change |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% · principal | 5,272 | $110K | Reduce -0.1% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 95,000 | $92K | Reduce -5.0% |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 55,900 | $84K | Add +0.9% |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 4,333 | $61K | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 50,000 | $52K | No change |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 34,000 | $33K | Add +750.0% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A · principal | 1,200 | $29K | Reduce -15.1% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E · principal | 912 | $25K | Add +436.5% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 11,000 | $22K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 18,000 | $18K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | 14,620 | $17K | Reduce -10.2% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 4,000 | $15K | No change |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 15,000 | $15K | Reduce -40.0% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 13,000 | $13K | Reduce -99.4% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 6,000 | $13K | No change |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 10,000 | $11K | No change |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 10,000 | $10K | No change |
| WIX LTD (WIX 0 08/15/25) | NOTE 8/1 · principal | 10,000 | $10K | Reduce -98.3% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 10,000 | $9K | No change |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | 9,000 | $9K | No change |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 938 | $8K | No change |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 7,000 | $8K | Reduce -100.0% |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B · principal | 502 | $7K | New |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 5,000 | $7K | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 8,000 | $7K | No change |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | 7,000 | $7K | No change |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 7,000 | $7K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | 5,359 | $7K | Reduce -16.8% |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | 4,000 | $6K | No change |
| HPKEW Highpeak Energy Inc. | *W EXP 08/21/202 | 1,500 | $6K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 6,000 | $5K | No change |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 50 | $4K | Reduce -21.9% |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 4,000 | $4K | Reduce -55.6% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 · principal | 8,450 | $3K | Add +3.0% |
| IQIYI INC (IQ 2 04/01/25) | NOTE 2.000% 4/0 · principal | 3,000 | $3K | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 2,000 | $2K | No change |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | 2,000 | $2K | No change |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 2,900 | $2K | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 · principal | 3,519 | $2K | Add +13.0% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV · principal | 2,000 | $1K | Reduce -9.6% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV · principal | 1,214 | $1K | Add +122.3% |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 2,894 | $1K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 25,000 | $1K | No change |
| LGL.WS LGL Group Inc./the -CW25 | *W EXP 11/16/202 | 8,600 | $1K | No change |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 1,000 | $1K | No change |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 1,000 | $1K | No change |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | 10,000 | $1K | No change |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 28,517 | $1K | Reduce -3.2% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 1,658 | $920 | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 710 | $430 | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B · principal | 573 | $400 | New |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% · principal | 500 | $300 | No change |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C · principal | 605 | $290 | Reduce -0.7% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | 371 | $150 | Add +1513.0% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 · principal | 233 | $150 | Reduce -68.9% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 · principal | 168 | $60 | New |
| ALURW Allurion Technologies-28 | *W EXP 08/01/203 | 221 | $0 | No change |
| BKKT.WS Bakkt Holdings Inc. -CW26 | *W EXP 10/25/202 | 250 | $0 | No change |
| BRISTOL MYERS - CELGENE CVR | RIGHT 12/30/2030 | 2,475 | $0 | No change |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 1,217 | $0 | No change |
| CLSKW Cleanspark Inc.-29 | *W EXP 12/29/202 | 380 | $0 | New |
| LDTDF Prospector Leddartech Alm-28 | *W EXP 12/21/202 | 316 | $0 | No change |
| LTRYW Sports Entertainment-CW21 | *W EXP 10/15/202 | 15,000 | $0 | No change |
| OUSTW Ouster Inc.-28 | *W EXP 09/29/202 | 57 | $0 | No change |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | 12,379 | $0 | No change |
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 200 | $0 | No change |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 7 | $0 | No change |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 33 | $0 | No change |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 117 | $0 | No change |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | 100 | $0 | No change |
| RBOT.WS Vicarious Surgical Inc.-CW27 | *W EXP 09/17/202 | 10 | $0 | No change |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | 72 | $0 | No change |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 120 | $0 | No change |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 233 | $0 | No change |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 15 | $0 | Reduce -11.8% |
| RVSNW Rail Vision Ltd.-CW27 | *W EXP 03/27/202 | 200 | $0 | New |
| WBXWF Wallbox BV Class A -CW26 | *W EXP 10/01/202 | 1,500 | $0 | Add +50.0% |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 638 | $0 | No change |
Total filed on the 13F, all lines: $462.2B.
Portfolio Sells Q3 2024 → Q4 2024
| TD Toronto-Dominion Bank | Reduce -2.9% | 1.65% | −0.42 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -25.0% | 1.17% | −0.40 |
| FTV Fortive Corp. | Reduce -91.6% | 0.01% | −0.17 |
| RY Royal Bank of Canada | Reduce -1.3% | 1.92% | −0.15 |
| HCA HCA Healthcare Inc. | Reduce -4.3% | 0.26% | −0.12 |
| NTR Nutrien Ltd. | Reduce -18.7% | 0.29% | −0.10 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -19.6% | 0.41% | −0.09 |
| JNJ Johnson & Johnson | Reduce -3.9% | 0.45% | −0.09 |
| HD Home Depot Inc. | Reduce -3.3% | 0.82% | −0.09 |
| BNS Bank of Nova Scotia | Reduce -3.0% | 1.16% | −0.09 |
| CNQ Canadian Natural Resources | Reduce -0.9% | 0.71% | −0.08 |
| V Visa Inc. Class A | Reduce -17.7% | 0.94% | −0.08 |
| KO The Coca-Cola Co. | Reduce -1.7% | 0.37% | −0.08 |
| IWM iShares Russell 2000 ETF | Reduce -22.0% | 0.21% | −0.07 |
| QSR Restaurant Brands Intern | Reduce -7.6% | 0.27% | −0.06 |
| TECK Teck Resources Ltd.-CLS B | Reduce -4.6% | 0.16% | −0.06 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.7% | 0.43% | −0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -9.1% | 0.10% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -1.4% | 0.42% | −0.06 |
| SU Suncor Energy Inc. | Reduce -4.2% | 0.51% | −0.06 |
| TRP TC Energy Corp. | Reduce -0.9% | 0.93% | −0.06 |
| CVS CVS Health Corp. | Reduce -8.2% | 0.10% | −0.06 |
| ABBV Abbvie Inc. | Reduce -1.6% | 0.34% | −0.05 |
| BIP Brookfield Infrastructure Pa | Reduce -2.6% | 0.31% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -22.4% | 0.30% | −0.05 |
| CCI Crown Castle Inc. | Reduce -13.6% | 0.08% | −0.04 |
| DHR Danaher Corp. | Reduce -4.7% | 0.15% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -0.7% | 0.62% | −0.04 |
| FTS Fortis Inc. | Reduce -2.7% | 0.26% | −0.04 |
| B Barrick Gold Corp. | Reduce -3.0% | 0.11% | −0.04 |
| SCHR Schwab Intermediate-Term US | Reduce -25.4% | 0.08% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -7.4% | 0.13% | −0.04 |
| OTEX Open Text Corp. | Reduce -33.4% | 0.04% | −0.04 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -21.2% | 0.05% | −0.03 |
| TGT Target Corp. | Reduce -27.1% | 0.05% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -12.8% | 0.11% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -32.9% | 0.06% | −0.03 |
| MCHP Microchip Technology Inc. | Reduce -22.9% | 0.04% | −0.03 |
| NXPI NXP Semiconductors NV | Reduce -20.1% | 0.06% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -1.9% | 0.19% | −0.03 |
| EFA iShares MSCI Eafe ETF | Reduce -7.6% | 0.13% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -47.5% | 0.03% | −0.03 |
| BX Blackstone Inc. | Reduce -16.7% | 0.29% | −0.03 |
| CAT Caterpillar Inc. | Reduce -6.6% | 0.15% | −0.03 |
| HPQ HP Inc. | Reduce -41.0% | 0.03% | −0.03 |
| LYB Lyondellbasell Indu Class A | Reduce -8.2% | 0.06% | −0.03 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -6.6% | 0.11% | −0.03 |
| MPWR Monolithic Power Systems Inc. | Reduce -12.2% | 0.03% | −0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -16.5% | 0.09% | −0.02 |
| NKE Nike Inc. Class B | Reduce -4.3% | 0.09% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +12.7% | 2.86% | +0.50 |
| AMZN Amazon.com Inc. | Add +4.5% | 2.66% | +0.44 |
| AAPL Apple Inc. | Add +4.7% | 3.46% | +0.30 |
| AVGO Broadcom Inc. | Add +3.4% | 1.09% | +0.28 |
| IVV iShares Core S&P 500 ETF | Add +18.0% | 1.80% | +0.26 |
| GOOGL Alphabet Inc. Class A | Add +11.9% | 1.28% | +0.25 |
| TSLA Tesla Inc. | Add +17.2% | 0.47% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +11.0% | 1.06% | +0.20 |
| ICE Intercontinental Exchange Inc. | Add +153.9% | 0.29% | +0.17 |
| BMO Bank of Montreal | Add +9.5% | 1.27% | +0.16 |
| PH Parker Hannifin Corp. | Add +99.8% | 0.31% | +0.15 |
| VOO Vanguard S&P 500 ETF | Add +37.1% | 0.53% | +0.14 |
| SHOP Shopify Inc. Class A | Add +2.7% | 0.46% | +0.11 |
| MSFT Microsoft Corp. | Add +8.2% | 3.59% | +0.11 |
| META Meta Platforms Inc. Class A | Add +10.7% | 1.09% | +0.10 |
| GS Goldman Sachs Group Inc. | Add +29.8% | 0.23% | +0.07 |
| NOW ServiceNow Inc. | Add +14.8% | 0.29% | +0.07 |
| CB Chubb Ltd. | Add +46.9% | 0.26% | +0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +83.6% | 0.15% | +0.07 |
| CSCO Cisco Systems Inc. | Add +13.5% | 0.35% | +0.06 |
| BAC Bank of America Corp. | Add +8.2% | 0.45% | +0.06 |
| MS Morgan Stanley | Add +15.1% | 0.24% | +0.06 |
| APP AppLovin Corp. Class A | Add +232.3% | 0.06% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Add +33.0% | 0.18% | +0.05 |
| GILD Gilead Sciences Inc. | Add +30.1% | 0.17% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +19.6% | 0.35% | +0.05 |
| WFC Wells Fargo & Co. | Add +17.3% | 0.16% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +15.5% | 0.08% | +0.05 |
| DIS The Walt Disney Co. | Add +3.5% | 0.31% | +0.04 |
| MCK McKesson Corp. | Add +8.7% | 0.23% | +0.04 |
| CM Can Imperial BK of Commerce | Add +3.8% | 1.03% | +0.04 |
| ROST Ross Stores Inc. | Add +61.4% | 0.11% | +0.04 |
| BA The Boeing Co. | Add +45.5% | 0.10% | +0.04 |
| MA Mastercard Inc. Class A | Add +3.4% | 0.58% | +0.04 |
| C Citigroup Inc. | Add +6.4% | 0.28% | +0.04 |
| COST Costco Wholesale Corp. | Add +4.1% | 0.83% | +0.04 |
| TJX TJX Companies Inc. | Add +12.9% | 0.32% | +0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +21.8% | 0.11% | +0.03 |
| HDB HDFC Bank Ltd.-ADR | Add +43.0% | 0.10% | +0.03 |
| JAAA Janus Henderson Aaa Clo ETF | Add +171.9% | 0.05% | +0.03 |
| BKNG Booking Holdings Inc. | Add +6.2% | 0.15% | +0.03 |
| HON Honeywell International Inc. | Add +1.6% | 0.37% | +0.03 |
| VST Vistra Corp. | Add +74.1% | 0.05% | +0.03 |
| BAM Brookfield Asset Mgmt-A | Add +0.8% | 0.24% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +7.3% | 0.24% | +0.02 |
| TFC Truist Financial Corp. | Add +16.5% | 0.18% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Add +15.6% | 0.26% | +0.02 |
| BSX Boston Scientific Corp. | Add +19.4% | 0.11% | +0.02 |
| EA Electronic Arts Inc. | Add +130.0% | 0.04% | +0.02 |
| ENB Enbridge Inc. | Add +0.3% | 1.09% | +0.02 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -14.1% | 11,091,200 | $6.5B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -12.3% | 11,067,800 | $6.5B |
| IWM iShares Russell 2000 ETF | put | Reduce -3.1% | 16,262,900 | $3.6B |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -24.0% | 4,593,500 | $2.3B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +7.4% | 4,411,200 | $2.3B |
| XLF SS Financial Select Sector | put | Add +40.1% | 20,866,700 | $1.0B |
| IWM iShares Russell 2000 ETF | call | Reduce -35.0% | 2,978,300 | $658.1M |
| BMO Bank of Montreal | put | Add +1.0% | 5,814,200 | $564.3M |
| BNS Bank of Nova Scotia | put | Add +45.8% | 8,695,800 | $467.1M |
| TSLA Tesla Inc. | call | Add +10.1% | 1,146,500 | $463.0M |
| BCE Bce Inc. | put | Add +70.5% | 19,957,800 | $462.6M |
| TSLA Tesla Inc. | put | Add +78.2% | 1,133,300 | $457.7M |
| XLE SS Energy Select Sector | put | Add +42.0% | 4,060,100 | $347.8M |
| CM Can Imperial BK of Commerce | put | Add +66.8% | 5,398,500 | $341.3M |
| C Citigroup Inc. | put | Add +3.7% | 4,221,600 | $297.2M |
| AAPL Apple Inc. | put | Add +16.8% | 1,167,900 | $292.5M |
| ENB Enbridge Inc. | put | Add +15.5% | 6,340,000 | $269.0M |
| BAC Bank of America Corp. | put | Add +4.7% | 5,834,500 | $256.4M |
| AMZN Amazon.com Inc. | call | Add +91.7% | 1,156,200 | $253.7M |
| AMZN Amazon.com Inc. | put | Add +26.8% | 1,124,800 | $246.8M |
| TRP TC Energy Corp. | put | Add +17.5% | 5,297,000 | $246.5M |
| MSFT Microsoft Corp. | put | Add +0.2% | 580,200 | $244.6M |
| NVDA Nvidia Corp. | put | Add +28.9% | 1,728,000 | $232.1M |
| BCE Bce Inc. | call | Add +79.9% | 9,647,600 | $223.6M |
| AAPL Apple Inc. | call | Reduce -49.2% | 773,900 | $193.8M |
| MFC Manulife Financial Corp. | put | Add +0.8% | 6,075,200 | $186.6M |
| WFC Wells Fargo & Co. | call | Add +21.8% | 2,582,100 | $181.4M |
| CM Can Imperial BK of Commerce | call | Reduce -18.6% | 2,827,300 | $178.8M |
| NVDA Nvidia Corp. | call | Reduce -27.0% | 1,198,900 | $161.0M |
| RCI Rogers Communications Inc. Class B | put | Add +122.4% | 5,114,800 | $157.2M |
| PBA Pembina Pipeline Corp. | put | Reduce -12.3% | 3,949,400 | $145.9M |
| XOM Exxon Mobil Corp. | call | Add +25.9% | 1,336,500 | $143.8M |
| MSFT Microsoft Corp. | call | Reduce -40.8% | 338,500 | $142.7M |
| TU Telus Corp. | put | Add +116.0% | 10,408,000 | $141.1M |
| TD Toronto-Dominion Bank | put | Reduce -31.0% | 2,565,200 | $136.6M |
| SLF Sun Life Financial Inc. | put | Add +4.5% | 2,297,400 | $136.3M |
| EFA iShares MSCI Eafe ETF | put | Add +111.3% | 1,630,100 | $123.3M |
| AMGN Amgen Inc. | put | New | 472,400 | $123.1M |
| BMO Bank of Montreal | call | Reduce -72.2% | 1,263,700 | $122.6M |
| BNS Bank of Nova Scotia | call | Reduce -29.4% | 2,270,400 | $122.0M |
| CNQ Canadian Natural Resources | put | Add +26.3% | 3,892,500 | $120.2M |
| BAC Bank of America Corp. | call | Add +65.7% | 2,678,000 | $117.7M |
| TD Toronto-Dominion Bank | call | Reduce -26.2% | 2,166,800 | $115.4M |
| CRWD CrowdStrike Holdings Inc. Class A | put | Add +357.6% | 328,100 | $112.3M |
| EFA iShares MSCI Eafe ETF | call | Add +18.9% | 1,448,100 | $109.5M |
| GOOG Alphabet Inc. Class C | call | New | 530,100 | $101.0M |
| GLD SPDR Gold Shares | call | Reduce -39.4% | 415,700 | $100.7M |
| EEM iShares MSCI Emerging Market | put | Add +25.2% | 2,403,000 | $100.5M |
| WFC Wells Fargo & Co. | put | Add +36.5% | 1,426,400 | $100.2M |
| CVX Chevron Corp. | call | Add +7969.4% | 685,900 | $99.3M |
Showing the first 50 of 545.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Add +814.9% | 25,289,000 | $25.6M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | New | 21,150,000 | $22.4M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -8.4% | 23,103,000 | $22.3M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -13.7% | 17,341,000 | $17.4M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Reduce -33.3% | 14,616,000 | $14.5M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -13.8% | 13,985,000 | $13.8M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Reduce -42.9% | 11,048,000 | $13.7M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -11.9% | 12,404,000 | $12.7M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +574.7% | 12,374,000 | $11.6M |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | Reduce -46.4% | 11,345,000 | $11.1M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -45.5% | 9,169,000 | $11.0M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +32.8% | 7,400,000 | $10.3M |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | Sold out | 6,677,000 | $9.2Mbefore exit |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +78.4% | 7,090,000 | $9.0M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Reduce -18.7% | 7,681,000 | $9.0M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +46.5% | 8,652,000 | $8.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +292.1% | 8,626,000 | $8.7M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Reduce -26.4% | 8,741,000 | $8.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Reduce -55.6% | 7,382,000 | $7.8M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -18.7% | 7,659,000 | $7.1M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | Add +12.8% | 7,008,000 | $6.7M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Add +107.5% | 6,672,000 | $6.6M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | New | 4,152,000 | $6.4M |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | Add +363.3% | 6,755,000 | $6.3M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Add +56.8% | 5,902,000 | $6.3M |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Add +23.8% | 6,327,000 | $6.2M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 5,750,000 | $5.6M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Reduce -32.2% | 4,996,000 | $4.8M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | New | 4,505,000 | $4.7M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +9.1% | 4,739,000 | $4.6M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Add +2954.6% | 3,696,000 | $4.5M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +532.6% | 4,371,000 | $4.4M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Add +3.4% | 3,614,000 | $4.4M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Reduce -51.9% | 4,289,000 | $4.1M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -14.2% | 4,700,000 | $4.1M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +244.9% | 3,821,000 | $3.7M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | New | 3,902,000 | $3.6M |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | Add +20.3% | 3,633,000 | $3.6M |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | Sold out | 3,391,000 | $3.6Mbefore exit |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Reduce -41.2% | 3,481,000 | $3.4M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 2,535,000 | $3.4M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 2,712,000 | $3.3Mbefore exit |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | Reduce -19.9% | 2,978,000 | $3.3M |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Add +302.1% | 3,993,000 | $3.3M |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Reduce -47.1% | 3,491,000 | $3.2M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Reduce -32.8% | 3,203,000 | $3.2M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | New | 3,060,000 | $3.2M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Reduce -20.8% | 3,440,000 | $3.1M |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Sold out | 2,440,000 | $3.0Mbefore exit |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Reduce -42.7% | 2,715,000 | $2.9M |
Showing the first 50 of 147.
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 | 6,906 | $590.3B | AAPL, NVDA, RY, MSFT, GOOGL |
| Q1 2026 | 6,801 | $527.2B | AAPL, NVDA, MSFT, IVV, RY |
| Q4 2025 | 6,782 | $568.3B | IVV, NVDA, AAPL, MSFT, VOO |
| Q3 2025 | 6,673 | $561.4B | MSFT, NVDA, AAPL, IVV, AMZN |
| Q2 2025Amended | 6,597 | $513.3B | MSFT, NVDA, AMZN, AAPL, TD |
| Q1 2025Amended | 6,425 | $446.5B | MSFT, AAPL, AMZN, NVDA, TD |
| Q4 2024 | 6,380 | $461.8B | MSFT, AAPL, NVDA, AMZN, RY |
| Q3 2024 | 6,318 | $449.4B | MSFT, AAPL, NVDA, AMZN, TD |
| Q2 2024Amended | 6,844 | $414.1B | MSFT, AAPL, NVDA, AMZN, RY |
| Q1 2024Amended | 6,765 | $409.7B | MSFT, AAPL, TD, AMZN, NVDA |