Royal Bank of Canada
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Royal Bank of Canada reported 6,801 stock positions worth $527.2 billion. Its top holding was Apple (AAPL) at 3.2% of the portfolio, followed by Nvidia (NVDA, 3.1%) and Microsoft (MSFT, 2.6%). Compared with Q4 2025, it opened 403 new positions, sold out of 381, added to 2,879 and reduced 3,237. The biggest buy was Canadian Natural Resources (CNQ, shares +11%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −71%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001000275
- Portfolio Value
- $527.2B (Q1 2026)
- SEC Filing
- 0001140361-26-021585 ↗ filed May 15, 2026
Holdings Value
Holdings 6,801 stocks · $527.2B
| AAPL Apple Inc. | 3.22% | 66,964,149 | $17.0B | Reduce -4.7% |
| NVDA Nvidia Corp. | 3.08% | 93,002,851 | $16.2B | Reduce -9.2% |
| MSFT Microsoft Corp. | 2.60% | 37,062,879 | $13.7B | Reduce -1.1% |
| IVV iShares Core S&P 500 ETF | 2.27% | 18,294,669 | $12.0B | Reduce -35.7% |
| RY Royal Bank of Canada | 2.19% | 71,272,435 | $11.5B | Reduce -0.7% |
| TD Toronto-Dominion Bank | 2.03% | 114,542,618 | $10.7B | Reduce -5.6% |
| GOOGL Alphabet Inc. Class A | 1.92% | 35,271,164 | $10.1B | Reduce -6.8% |
| AMZN Amazon.com Inc. | 1.84% | 46,526,917 | $9.7B | Reduce -6.2% |
| AVGO Broadcom Inc. | 1.40% | 23,766,653 | $7.4B | Reduce -2.2% |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 1.35% | 52,598,042 | $7.1B | Add +5.0% |
| JPM JPMorgan Chase & Co. | 1.33% | 23,892,148 | $7.0B | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 1.22% | 22,451,529 | $6.4B | Reduce -11.3% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 1.19% | 66,241,847 | $6.3B | Add +0.1% |
| CNQ Canadian Natural Resources | 1.15% | 124,812,950 | $6.1B | Add +10.7% |
| TRP TC Energy Corp. | 1.06% | 89,106,183 | $5.6B | Reduce -5.5% |
| ENB Enbridge Inc. | 1.05% | 102,663,447 | $5.6B | Reduce -7.6% |
| META Meta Platforms Inc. Class A | 0.96% | 8,839,041 | $5.1B | Reduce -15.9% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 0.94% | 71,847,668 | $5.0B | Reduce -12.2% |
| BN Brookfield Corp. | 0.87% | 113,774,934 | $4.6B | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 9,111,590 | $4.4B | Reduce -4.8% |
| SU Suncor Energy Inc. | 0.80% | 64,037,311 | $4.2B | Add +1.5% |
| CP Canadian Pacific Kansas City | 0.79% | 52,952,459 | $4.2B | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.79% | 6,383,133 | $4.2B | Reduce -28.4% |
| LLY Eli Lilly & Co. | 0.74% | 4,262,531 | $3.9B | Reduce -2.5% |
| MFC Manulife Financial Corp. | 0.72% | 110,979,590 | $3.8B | Reduce -16.4% |
| V Visa Inc. Class A | 0.72% | 12,520,047 | $3.8B | Reduce -0.5% |
| COST Costco Wholesale Corp. | 0.71% | 3,758,850 | $3.7B | Reduce -4.9% |
| VOO Vanguard S&P 500 ETF | 0.70% | 6,218,552 | $3.7B | Reduce -70.9% |
| WMT Walmart Inc. | 0.66% | 27,792,734 | $3.5B | Add +7.5% |
| JNJ Johnson & Johnson | 0.62% | 13,387,402 | $3.3B | Reduce -6.3% |
| XOM Exxon Mobil Corp. | 0.61% | 18,919,624 | $3.2B | Reduce -1.5% |
| AEM Agnico Eagle Mines Ltd. | 0.58% | 15,031,299 | $3.1B | Add +2.5% |
| VEA Vanguard Ftse Developed ETF | 0.58% | 47,313,421 | $3.0B | Add +11.9% |
| CNI Canadian Natl Railway Co. | 0.54% | 27,509,225 | $2.8B | Add +5.3% |
| CVX Chevron Corp. | 0.52% | 13,123,571 | $2.7B | Add +5.0% |
| SLF Sun Life Financial Inc. | 0.49% | 41,647,668 | $2.6B | Reduce -8.1% |
| SHOP Shopify Inc. Class A | 0.49% | 21,658,696 | $2.6B | Add +9.7% |
| HD Home Depot Inc. | 0.47% | 7,534,811 | $2.5B | Reduce -1.9% |
| TSLA Tesla Inc. | 0.47% | 6,649,710 | $2.5B | Reduce -11.6% |
| MA Mastercard Inc. Class A | 0.47% | 4,910,774 | $2.5B | Reduce -3.1% |
| NTR Nutrien Ltd. | 0.44% | 31,009,669 | $2.3B | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.44% | 3,983,344 | $2.3B | Reduce -11.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 44,329,326 | $2.2B | Add +3.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.40% | 6,293,285 | $2.1B | Reduce -3.5% |
| KO The Coca-Cola Co. | 0.40% | 27,963,043 | $2.1B | Add +3.8% |
| MCD McDonald's Corp. | 0.40% | 6,803,241 | $2.1B | Reduce -6.6% |
| NFLX Netflix Inc. | 0.40% | 21,739,380 | $2.1B | Add +0.7% |
| AZN Astrazeneca PLC | 0.39% | 10,386,455 | $2.0B | Add +517.3% |
| PG The Procter & Gamble Co. | 0.39% | 14,120,442 | $2.0B | Add +0.9% |
| WCN Waste Connections Inc. | 0.38% | 12,210,661 | $2.0B | Add +1.4% |
| FTS Fortis Inc. | 0.37% | 35,241,451 | $2.0B | Add +0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 3,913,903 | $1.9B | Reduce -3.0% |
| NEE Nextera Energy Inc. | 0.34% | 19,364,181 | $1.8B | Reduce -3.8% |
| BIP Brookfield Infrastructure Pa | 0.34% | 49,713,434 | $1.8B | Add +11.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.33% | 11,005,812 | $1.8B | Add +4.3% |
| PBA Pembina Pipeline Corp. | 0.33% | 38,726,115 | $1.7B | Reduce -8.4% |
| TXN Texas Instruments Inc. | 0.32% | 8,812,673 | $1.7B | Reduce -6.3% |
| CSCO Cisco Systems Inc. | 0.31% | 21,204,566 | $1.6B | Reduce -18.8% |
| ABBV Abbvie Inc. | 0.31% | 7,534,148 | $1.6B | Reduce -4.5% |
| B Barrick Mining Corp. | 0.31% | 39,598,520 | $1.6B | Add +11.0% |
| CAT Caterpillar Inc. | 0.30% | 2,249,502 | $1.6B | Reduce -10.4% |
| MRK Merck & Co. Inc. | 0.30% | 13,201,722 | $1.6B | Add +0.1% |
| AMGN Amgen Inc. | 0.30% | 4,471,445 | $1.6B | Reduce -5.0% |
| IWM iShares Russell 2000 ETF | 0.29% | 6,233,175 | $1.5B | Reduce -21.5% |
| HON Honeywell International Inc. | 0.29% | 6,742,627 | $1.5B | Reduce -2.7% |
| BCE Bce Inc. | 0.28% | 59,242,080 | $1.5B | Add +5.0% |
| IJH iShares Core S&P Midcap ETF | 0.28% | 22,027,238 | $1.5B | Reduce -12.7% |
| UNH Unitedhealth Group Inc. | 0.27% | 5,319,248 | $1.4B | Reduce -34.1% |
| QSR Restaurant Brands Intern | 0.26% | 18,386,132 | $1.4B | Reduce -0.9% |
| GS Goldman Sachs Group Inc. | 0.26% | 1,595,127 | $1.3B | Reduce -5.1% |
| TU Telus Corp. | 0.25% | 104,099,248 | $1.3B | Reduce -15.4% |
| MS Morgan Stanley | 0.25% | 7,923,829 | $1.3B | Reduce -12.3% |
| ICE Intercontinental Exchange Inc. | 0.25% | 8,290,395 | $1.3B | Reduce -11.1% |
| RTX RTX Corp. | 0.24% | 6,666,120 | $1.3B | Add +2.7% |
| PLD Prologis Inc. | 0.24% | 9,656,978 | $1.3B | Add +6.2% |
| VZ Verizon Communications Inc. | 0.23% | 24,623,813 | $1.2B | Reduce -5.2% |
| APH Amphenol Corp. Class A | 0.23% | 9,768,089 | $1.2B | Reduce -8.2% |
| MDT Medtronic PLC | 0.23% | 14,179,817 | $1.2B | Add +1.4% |
| PANW Palo Alto Networks Inc. | 0.23% | 7,556,488 | $1.2B | Reduce -0.6% |
| BA The Boeing Co. | 0.22% | 5,809,134 | $1.2B | Reduce -6.1% |
| COP Conocophillips | 0.22% | 8,741,643 | $1.2B | Add +116.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.22% | 5,815,364 | $1.1B | Add +0.6% |
| PEP Pepsico Inc. | 0.22% | 7,340,451 | $1.1B | Reduce -4.5% |
| WPM Wheaton Precious Metals Corp. | 0.22% | 8,667,296 | $1.1B | Add +0.7% |
| UNP Union Pacific Corp. | 0.21% | 4,617,313 | $1.1B | Add +0.9% |
| MCK McKesson Corp. | 0.21% | 1,282,325 | $1.1B | Reduce -10.9% |
| ORCL Oracle Corp. | 0.21% | 7,537,007 | $1.1B | Reduce -9.4% |
| AZO AutoZone Inc. | 0.21% | 325,478 | $1.1B | Reduce -6.5% |
| LMT Lockheed Martin Corp. | 0.21% | 1,806,952 | $1.1B | Add +9.2% |
| VCIT Vanguard Int-Term Corporate | 0.21% | 13,173,092 | $1.1B | Reduce -1.7% |
| T AT&T Inc. | 0.21% | 37,562,794 | $1.1B | Reduce -3.4% |
| GEV GE Vernova Inc. | 0.21% | 1,244,440 | $1.1B | Add +5.8% |
| SYK Stryker Corp. | 0.20% | 3,273,232 | $1.1B | Add +6.5% |
| HDB HDFC Bank Ltd.-ADR | 0.20% | 42,418,483 | $1.1B | Add +6.3% |
| AMD Advanced Micro Devices | 0.20% | 5,179,586 | $1.1B | Reduce -13.3% |
| RCI Rogers Communications Inc. Class B | 0.20% | 27,209,296 | $1.0B | Add +6.2% |
| CCJ Cameco Corp. | 0.20% | 9,598,933 | $1.0B | Add +4.7% |
| EFA iShares MSCI Eafe ETF | 0.20% | 10,650,900 | $1.0B | Add +7.8% |
| DUK Duke Energy Corp. | 0.20% | 7,893,389 | $1.0B | Reduce -3.8% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 3,600,615 | $1.0B | Reduce -16.0% |
Options reported separately and not counted above: SPY puts ($6.9B), SPY calls ($6.2B), IWM puts ($3.5B), QQQ puts ($2.3B), QQQ calls ($1.6B), BNS puts ($997.7M), XLE puts ($903.0M), NVDA puts ($742.5M), IWM calls ($683.2M), BMO puts ($661.8M), META calls ($647.1M), TSLA puts ($547.4M), and 418 more.
Other holdings (199): bonds, preferreds, convertibles and warrants · $308.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 19,090,000 | $18.5M | Reduce -2.9% |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 17,225,000 | $17.9M | Reduce -13.9% |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 17,210,000 | $17.1M | Add +22.9% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 15,803,500 | $16.9M | Add +2281.8% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 15,048,000 | $16.7M | Reduce -27.8% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 12,091,000 | $15.6M | Add +4479.9% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 14,636,000 | $14.6M | Reduce -12.0% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 11,219,000 | $11.0M | Reduce -31.7% |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 10,434,000 | $9.8M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 7,710,000 | $9.5M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 7,819,000 | $9.4M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 8,647,000 | $8.5M | Add +72.1% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 8,362,000 | $8.3M | Add +84.1% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 6,312,000 | $7.2M | Add +119.4% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 6,842,000 | $7.1M | Add +36.8% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 7,716,000 | $6.8M | Add +65.2% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 6,235,000 | $5.8M | Add +3796.9% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 5,471,000 | $5.3M | Add +40.0% |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 3,643,000 | $5.1M | Add +58.8% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 5,076,000 | $4.9M | Add +34.7% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 3,145,000 | $4.4M | Add +133.8% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 4,338,000 | $4.0M | Add +0.6% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 3,275,000 | $3.9M | Reduce -44.1% |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 3,852,000 | $3.7M | Reduce -15.1% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 4,162,000 | $3.6M | Add +66.5% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 3,126,000 | $3.6M | Reduce -46.3% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 2,502,000 | $3.4M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 3,302,000 | $3.3M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 2,160,000 | $3.3M | Reduce -66.7% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 2,503,000 | $3.1M | Reduce -54.9% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 2,551,000 | $2.8M | Add +834.4% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 2,874,000 | $2.7M | Reduce -8.5% |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 2,870,000 | $2.6M | New |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 1,952,000 | $2.3M | Add +19.1% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 2,320,000 | $2.3M | Add +134.6% |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | 2,500,000 | $2.2M | New |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 2,300,000 | $2.2M | Reduce -27.6% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 2,165,000 | $2.1M | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 2,040,000 | $2.0M | Reduce -22.7% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 2,000,000 | $1.9M | Reduce -1.9% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 2,022,000 | $1.9M | New |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 1,870,000 | $1.8M | Reduce -22.7% |
| LCI INDUSTRIES (LCII 3 03/01/30) | NOTE 3.000% 3/0 · principal | 2,000,000 | $1.8M | New |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 1,812,000 | $1.8M | Reduce -58.5% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 1,450,000 | $1.8M | Reduce -71.0% |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) | NOTE 1.250%11/0 · principal | 1,777,000 | $1.7M | Reduce -62.6% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 1,637,000 | $1.7M | Add +325.2% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 1,500,000 | $1.6M | New |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 1,312,000 | $1.2M | New |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 1,221,000 | $1.2M | Reduce -80.4% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 155,000 | $1.1M | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 1,150,000 | $1.1M | Add +43.8% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 1,128,000 | $1.0M | Reduce -29.9% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 905,000 | $901K | Add +0.6% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 850,000 | $844K | No change |
| BLACKLINE INC (BL 1 06/01/29) | NOTE 1.000% 6/0 · principal | 889,000 | $834K | Reduce -18.3% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 672,000 | $779K | Reduce -83.3% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 598,000 | $721K | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 581,000 | $707K | Reduce -89.4% |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 425,000 | $623K | Reduce -26.2% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 600,000 | $563K | Reduce -14.3% |
| VARONIS SYSTEM INC (VRNS 1 09/15/29) | NOTE 1.000% 9/1 · principal | 640,000 | $557K | No change |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 450,000 | $507K | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 366,000 | $471K | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 365,000 | $436K | Add +82.5% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 9,932 | $425K | Reduce -9.5% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 315,000 | $363K | Add +117.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 322,000 | $314K | No change |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 273,000 | $290K | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 250,000 | $273K | New |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 260,000 | $262K | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 170,000 | $248K | Add +3.0% |
| CENTRUS ENERGY CORP (LEU 2.25 11/01/30) | NOTE 2.250%11/0 · principal | 125,000 | $245K | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 232,000 | $236K | Add +0.9% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 202,000 | $203K | Add +1.0% |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 175,000 | $202K | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 207,000 | $188K | New |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% · principal | 8,072 | $183K | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 152,000 | $175K | Add +1.3% |
| GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) | NOTE 5.875%10/0 · principal | 180,000 | $173K | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 177,000 | $173K | Add +378.4% |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 174,000 | $169K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 31,000 | $166K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 165,000 | $159K | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 140,000 | $154K | Reduce -91.5% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 160,000 | $128K | New |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 60,000 | $119K | No change |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 100,000 | $100K | Reduce -95.8% |
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I · principal | 8,161 | $94K | New |
| TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) | NOTE 2.250% 3/0 · principal | 71,000 | $90K | Add +2.9% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 80,000 | $77K | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 75,000 | $68K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F · principal | 3,038 | $59K | Add +51.8% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 50,000 | $51K | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A · principal | 1,035 | $25K | Add +158.8% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 13,000 | $22K | Add +18.2% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | 18,957 | $22K | Add +6.7% |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 · principal | 35,878 | $18K | New |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 2,000 | $17K | New |
| BLOOM ENERGY CORP (BE 3 06/01/29) | NOTE 3.000% 6/0 · principal | 2,000 | $13K | New |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 10,000 | $13K | No change |
| PPL CORPORATION (PPL 7 02/15/29) | UNIT 02/15/2029 · principal | 25,000 | $13K | New |
| NUTANIX INC (NTNX 0.5 12/15/29) | NOTE 0.500%12/1 · principal | 13,000 | $12K | New |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 10,000 | $10K | No change |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E · principal | 318 | $10K | Add +17.8% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 10,000 | $10K | No change |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 10,000 | $10K | No change |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 10,000 | $9K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E · principal | 401 | $8K | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 11,729 | $8K | Reduce -6.6% |
| UPSTART HOLDINGS INC (UPST 1 11/15/30) | NOTE 1.000%11/1 · principal | 6,200 | $6K | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 48,943 | $5K | Reduce -17.6% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 2,000 | $5K | New |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 3,000 | $5K | New |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 5,000 | $5K | New |
| ZKPW Lafayette Digital Acqu - 31 | *W EXP 12/23/203 | 17,394 | $5K | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | 3,489 | $4K | Reduce -17.6% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 4,000 | $4K | New |
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | 250 | $4K | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 3,000 | $4K | New |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,000 | $3K | New |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B · principal | 218 | $3K | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 3,000 | $3K | Reduce -100.0% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 3,000 | $3K | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 2,000 | $3K | Reduce -99.5% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 2,000 | $3K | New |
| IRAB.WS Iris Acq Corp. II -31 | *W EXP 08/15/203 | 10,000 | $3K | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 2,000 | $2K | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 2,000 | $2K | New |
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | 271,191 | $2K | Reduce -50.0% |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 633 | $2K | Reduce -5.5% |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 2,000 | $2K | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 2,000 | $2K | New |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 2,946 | $2K | Add +6.7% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 2,000 | $2K | New |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 2,000 | $2K | New |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 3,000 | $2K | Reduce -99.9% |
| ALOVW Aldabra 4 Liquidity Opportun | *W EXP 12/23/203 | 4,333 | $2K | New |
| DSACW Daedalus Spec Acq -30 | *W EXP 11/24/203 | 5,940 | $2K | Reduce -59.6% |
| LFACW Leapfrog Acquisition Corp. | *W EXP 11/10/203 | 6,340 | $2K | New |
| LPCVW Launchpad Cadenza Acquisitio | *W EXP 12/15/203 | 8,351 | $2K | Reduce -49.8% |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 27,718 | $2K | Reduce -0.9% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D · principal | 3,825 | $2K | Add +41.1% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 · principal | 2,525 | $1K | Reduce -24.1% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV · principal | 1,621 | $1K | Add +8.1% |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 2,000 | $1K | No change |
| XRXDW Xerox Holdings Corp. | *W EXP 02/11/202 | 5,593 | $1K | Reduce -69.8% |
| ADACW American Dr Acq A -30 | *W EXP 02/06/203 | 3,234 | $1K | Reduce -80.6% |
| CHECW Chenghe Acquisition III Co. | *W EXP 09/09/203 | 3,250 | $1K | New |
| IPXGW Columbus Circle Capital Corp. | *W EXP 02/11/203 | 2,330 | $1K | New |
| DMIIR Drugs Made in America Acq-RT | RIGHT 09/16/2030 | 6,998 | $1K | Reduce -87.9% |
| FCRS.WS Futurecrest Acquisition Corp. | *W EXP 09/30/203 | 977 | $1K | No change |
| ITHAW Ithax Acquisition Corp. III | *W EXP 11/17/203 | 2,440 | $1K | Reduce -2.4% |
| MESHW Meshflow Acquisition Corp. | *W EXP 11/20/203 | 5,090 | $1K | Reduce -69.8% |
| LEGO.WS Legato Merger Corp. IV | *W EXP 99/99/999 | 2,733 | $1K | New |
| RNGTW Range Capital Acquisition Co. | *W EXP 09/29/203 | 3,943 | $1K | Reduce -62.7% |
| SCPQW Social Commerce Partner - 30 | *W EXP 02/13/203 | 2,250 | $1K | Reduce -55.0% |
| SAAQW Space Asset Acquisition Corp. | *W EXP 03/31/203 | 760 | $1K | New |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 2,633 | $950 | New |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG · principal | 1,145 | $650 | Add +4.6% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | 743 | $530 | Add +27.0% |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV · principal | 830 | $340 | 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 | 528 | $240 | Add +5.6% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF · principal | 274 | $190 | Add +483.0% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 · principal | 372 | $140 | New |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD · principal | 33 | $20 | New |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 · principal | 20 | $10 | New |
| BKKT.WS Bakkt Holdings Inc. -CW26 | *W EXP 10/25/202 | 500 | $0 | No change |
| BLACKROCK UTILITIES INFR- RT | RIGHT 04/02/2026 | 42,285 | $0 | Reduce -61.0% |
| BRISTOL MYERS - CELGENE CVR | RIGHT 12/30/2030 | 2,475 | $0 | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 65 | $0 | New |
| IRHOR Iron Horse Acquisiti- Rights | RIGHT 07/11/2030 | 726 | $0 | Reduce -98.5% |
| DFDVW Defi Development Corp. | *W EXP 01/21/202 | 13 | $0 | New |
| NEUBERGER HIGH YIELD-RT | RIGHT 04/15/2026 | 13,869 | $0 | Reduce -1.0% |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 · principal | 9 | $0 | New |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 2,229 | $0 | Add +5.7% |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 2,207 | $0 | Add +8.1% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D · principal | 1 | $0 | New |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 500 | $0 | No change |
| SQFTW Presidio Property TRST -CW27 | *W EXP 01/24/202 | 4,168 | $0 | Reduce -48.2% |
| 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 |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | 100 | $0 | No change |
| MAPSW WM Technology Inc.-CW24 | *W EXP 06/16/202 | 440 | $0 | No change |
| ARCIW Archimedes Tech Spac Partner | *W EXP 01/23/203 | 675 | $0 | New |
| BLRKW Bluerock Acquisition Corp. | *W EXP 12/12/203 | 1,000 | $0 | Reduce -72.7% |
| EVAC.WS Eqv Ventures Acquisition Cor | *W EXP 06/30/203 | 1,000 | $0 | New |
| FIGXW Figx Capital Acquisition Cor | *W EXP 06/17/203 | 1,000 | $0 | No change |
| LATAW Galata Acquisition Corp. - 30 | *W EXP 09/12/203 | 1,000 | $0 | Reduce -86.8% |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 1,210 | $0 | Add +2.5% |
| HCMAW HCM III Acquisition Corp. -30 | *W EXP 07/23/203 | 1,000 | $0 | Reduce -14.2% |
| LWACW Lightwave Acquisition Corp. | *W EXP 06/06/203 | 1,000 | $0 | Reduce -69.7% |
| MLAAW Mountain Lake Acquisition Co. | *W EXP 99/99/999 | 3,100 | $0 | New |
| MBVIW M3-Brigade Acquisition Vi Co. | *W EXP 08/18/203 | 1,000 | $0 | Reduce -50.0% |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | 633 | $0 | No change |
| BLZRW Trailblazer Acqui Corp. -30 | *W EXP 09/30/203 | 1,000 | $0 | Reduce -35.1% |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 2 | $0 | Reduce -60.0% |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 260 | $0 | Reduce -29.4% |
Total filed on the 13F, all lines: $527.5B.
Portfolio Sells Q4 2025 → Q1 2026
| VOO Vanguard S&P 500 ETF | Reduce -70.9% | 0.70% | −1.65 |
| IVV iShares Core S&P 500 ETF | Reduce -35.7% | 2.27% | −1.16 |
| MSFT Microsoft Corp. | Reduce -1.1% | 2.60% | −0.59 |
| NVDA Nvidia Corp. | Reduce -9.2% | 3.08% | −0.28 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -28.4% | 0.79% | −0.28 |
| META Meta Platforms Inc. Class A | Reduce -15.9% | 0.96% | −0.26 |
| UNH Unitedhealth Group Inc. | Reduce -34.1% | 0.27% | −0.20 |
| INTU Intuit Inc. | Reduce -62.4% | 0.07% | −0.18 |
| GOOG Alphabet Inc. Class C | Reduce -11.3% | 1.22% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -6.2% | 1.84% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -6.8% | 1.92% | −0.16 |
| AAPL Apple Inc. | Reduce -4.7% | 3.22% | −0.14 |
| TSLA Tesla Inc. | Reduce -11.6% | 0.47% | −0.13 |
| BX Blackstone Inc. | Reduce -43.4% | 0.10% | −0.12 |
| MFC Manulife Financial Corp. | Reduce -16.4% | 0.72% | −0.12 |
| BNS Bank of Nova Scotia | Reduce -12.2% | 0.94% | −0.12 |
| BLK BlackRock Inc. | Reduce -46.0% | 0.12% | −0.11 |
| AVGO Broadcom Inc. | Reduce -2.2% | 1.40% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -2.5% | 0.74% | −0.08 |
| ORCL Oracle Corp. | Reduce -9.4% | 0.21% | −0.08 |
| TRI Thomson Reuters Corp. | Reduce -7.0% | 0.16% | −0.07 |
| CRM Salesforce Inc. | Reduce -21.8% | 0.10% | −0.07 |
| ACN Accenture PLC Class A | Reduce -36.1% | 0.07% | −0.07 |
| PLTR Palantir Technologies Inc. Class A | Reduce -22.4% | 0.14% | −0.06 |
| CRH CRH PLC | Reduce -19.2% | 0.17% | −0.06 |
| NOW ServiceNow Inc. | Reduce -9.4% | 0.12% | −0.06 |
| V Visa Inc. Class A | Reduce -0.5% | 0.72% | −0.06 |
| GRTUF Granite Real Estate Investme | Sold out | 0.00% | −0.05 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -11.7% | 0.44% | −0.05 |
| ADBE Adobe Inc. | Reduce -12.0% | 0.10% | −0.05 |
| IWM iShares Russell 2000 ETF | Reduce -21.5% | 0.29% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -12.0% | 0.16% | −0.05 |
| AHR American Healthcare REIT Inc. | Reduce -95.4% | 0.00% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.0% | 0.36% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -3.1% | 0.47% | −0.04 |
| DIS The Walt Disney Co. | Reduce -14.0% | 0.16% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -18.8% | 0.31% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -8.1% | 0.12% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -6.9% | 0.18% | −0.04 |
| GE General Electric | Reduce -16.0% | 0.19% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -13.4% | 0.10% | −0.04 |
| MS Morgan Stanley | Reduce -12.3% | 0.25% | −0.03 |
| COR Cencora Inc. | Reduce -43.9% | 0.04% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -0.8% | 1.33% | −0.03 |
| TU Telus Corp. | Reduce -15.4% | 0.25% | −0.03 |
| AXP American Express Co. | Reduce -13.8% | 0.10% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -14.7% | 0.10% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -10.5% | 0.15% | −0.03 |
| CMI Cummins Inc. | Reduce -30.0% | 0.11% | −0.03 |
| CEG Constellation Energy | Reduce -32.9% | 0.04% | −0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| CNQ Canadian Natural Resources | Add +10.7% | 1.15% | +0.48 |
| AZN Astrazeneca PLC | Add +517.3% | 0.39% | +0.33 |
| SU Suncor Energy Inc. | Add +1.5% | 0.80% | +0.31 |
| BMO Bank of Montreal | Add +5.0% | 1.35% | +0.21 |
| CVX Chevron Corp. | Add +5.0% | 0.52% | +0.18 |
| COP Conocophillips | Add +116.0% | 0.22% | +0.15 |
| WMT Walmart Inc. | Add +7.5% | 0.66% | +0.15 |
| AEM Agnico Eagle Mines Ltd. | Add +2.5% | 0.58% | +0.14 |
| CM Can Imperial BK of Commerce | Add +0.1% | 1.19% | +0.14 |
| VEA Vanguard Ftse Developed ETF | Add +11.9% | 0.58% | +0.11 |
| NTR Nutrien Ltd. | Add +0.1% | 0.44% | +0.11 |
| WM Waste Management Inc. | Add +84.9% | 0.19% | +0.10 |
| CTVA Corteva Inc. | Add +202.1% | 0.12% | +0.09 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.09% | +0.09 |
| CSX CSX Corp. | Add +89.8% | 0.15% | +0.09 |
| EEM iShares MSCI Emerging Market | Add +190.3% | 0.12% | +0.09 |
| CNI Canadian Natl Railway Co. | Add +5.3% | 0.54% | +0.08 |
| EZU iShares MSCI Eurozone ETF | Add +113.9% | 0.14% | +0.08 |
| MELI MercadoLibre Inc. | Add +114.2% | 0.15% | +0.07 |
| KO The Coca-Cola Co. | Add +3.8% | 0.40% | +0.07 |
| GEV GE Vernova Inc. | Add +5.8% | 0.21% | +0.07 |
| MPWR Monolithic Power Systems Inc. | Add +168.1% | 0.10% | +0.07 |
| BIP Brookfield Infrastructure Pa | Add +11.3% | 0.34% | +0.07 |
| LMT Lockheed Martin Corp. | Add +9.2% | 0.21% | +0.07 |
| AU Anglogold Ashanti PLC | Add +570.3% | 0.07% | +0.06 |
| MRK Merck & Co. Inc. | Add +0.1% | 0.30% | +0.06 |
| SNOW Snowflake Inc. | Add +210.6% | 0.09% | +0.05 |
| FTS Fortis Inc. | Add +0.2% | 0.37% | +0.05 |
| CCJ Cameco Corp. | Add +4.7% | 0.20% | +0.05 |
| TJX TJX Companies Inc. | Add +4.3% | 0.33% | +0.05 |
| TTE Totalenergies SE | Add +13.8% | 0.11% | +0.05 |
| BCE Bce Inc. | Add +5.0% | 0.28% | +0.05 |
| IEF iShares 7-10 Year Treasury B | Add +250.4% | 0.06% | +0.04 |
| EWJ iShares MSCI Japan ETF | Add +98.6% | 0.08% | +0.04 |
| PWR Quanta Services Inc. | Add +7.1% | 0.13% | +0.04 |
| AGG iShares Core U.S. Aggregate | Add +39.2% | 0.13% | +0.04 |
| NFLX Netflix Inc. | Add +0.7% | 0.40% | +0.04 |
| DE Deere & Co. | Add +9.2% | 0.13% | +0.04 |
| APD Air Products & Chemicals Inc. | Add +9.2% | 0.14% | +0.04 |
| IONS Ionis Pharmaceuticals Inc. | Add +239.8% | 0.05% | +0.04 |
| SO The Southern Co. | Add +10.3% | 0.16% | +0.04 |
| FNV Franco-Nevada Corp. | Add +6.8% | 0.14% | +0.04 |
| PLD Prologis Inc. | Add +6.2% | 0.24% | +0.04 |
| WPM Wheaton Precious Metals Corp. | Add +0.7% | 0.22% | +0.04 |
| XLE SS Energy Select Sector | Add +9.4% | 0.09% | +0.04 |
| KGC Kinross Gold Corp. | Add +5.7% | 0.19% | +0.04 |
| PAAA Pgim Aaa Clo ETF | Add +1170.7% | 0.04% | +0.03 |
| RTX RTX Corp. | Add +2.7% | 0.24% | +0.03 |
| PG The Procter & Gamble Co. | Add +0.9% | 0.39% | +0.03 |
| B Barrick Mining Corp. | Add +11.0% | 0.31% | +0.03 |
Options Activity Q4 2025 → Q1 2026
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +16.9% | 10,626,100 | $6.9B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +25.1% | 9,500,000 | $6.2B |
| IWM iShares Russell 2000 ETF | put | Reduce -0.8% | 14,039,800 | $3.5B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +17.9% | 4,059,200 | $2.3B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -22.3% | 2,852,500 | $1.6B |
| BNS Bank of Nova Scotia | put | Reduce -34.0% | 14,394,700 | $997.7M |
| XLE SS Energy Select Sector | put | Reduce -2.8% | 14,740,000 | $903.0M |
| NVDA Nvidia Corp. | put | Reduce -10.3% | 4,257,700 | $742.5M |
| IWM iShares Russell 2000 ETF | call | Reduce -38.9% | 2,754,900 | $683.2M |
| BMO Bank of Montreal | put | Reduce -14.5% | 4,890,000 | $661.8M |
| META Meta Platforms Inc. Class A | call | Add +1645.4% | 1,131,000 | $647.1M |
| TSLA Tesla Inc. | put | Add +3.6% | 1,472,400 | $547.4M |
| CM Can Imperial BK of Commerce | put | Reduce -21.4% | 5,721,000 | $542.1M |
| CNQ Canadian Natural Resources | put | Add +3.4% | 10,741,000 | $523.4M |
| SU Suncor Energy Inc. | put | Reduce -23.5% | 7,110,000 | $470.0M |
| RCI Rogers Communications Inc. Class B | put | Add +8.1% | 10,855,000 | $417.4M |
| EFA iShares MSCI Eafe ETF | put | Add +16.1% | 3,987,500 | $387.3M |
| XLC SS Comm Select Sector SPDR | put | New | 3,100,000 | $343.7M |
| BCE Bce Inc. | put | Add +22.7% | 13,579,100 | $342.7M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +42.8% | 682,600 | $327.1M |
| NVDA Nvidia Corp. | call | Reduce -33.0% | 1,760,300 | $307.0M |
| BNS Bank of Nova Scotia | call | Reduce -8.0% | 4,016,300 | $278.4M |
| ENB Enbridge Inc. | put | Reduce -31.4% | 4,975,000 | $269.3M |
| TU Telus Corp. | put | Reduce -17.0% | 20,404,800 | $261.8M |
| XLF SS Financial Select Sector | put | Reduce -41.6% | 5,236,700 | $258.5M |
| TD Toronto-Dominion Bank | put | Reduce -21.7% | 2,610,000 | $243.5M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +1131.0% | 3,059,100 | $243.4M |
| EEM iShares MSCI Emerging Market | put | Add +274.3% | 4,261,000 | $242.0M |
| RY Royal Bank of Canada | call | Add +45.3% | 1,395,000 | $225.7M |
| CM Can Imperial BK of Commerce | call | Reduce -41.8% | 2,361,100 | $223.7M |
| FXI iShares China Large-Cap ETF | put | Add +916.5% | 6,100,000 | $219.0M |
| WMT Walmart Inc. | call | Add +216.1% | 1,750,000 | $217.5M |
| EFA iShares MSCI Eafe ETF | call | Add +193.3% | 2,080,900 | $202.1M |
| TLT iShares 20+ Year Treasury BD | call | Add +69.9% | 2,317,700 | $200.9M |
| AMZN Amazon.com Inc. | put | Reduce -22.7% | 953,100 | $198.5M |
| MFC Manulife Financial Corp. | put | Reduce -28.5% | 5,712,900 | $196.8M |
| EWC iShares MSCI Canada ETF | put | Add +0.2% | 3,506,500 | $192.1M |
| MSFT Microsoft Corp. | put | Reduce -62.7% | 496,300 | $183.7M |
| TD Toronto-Dominion Bank | call | Add +38.5% | 1,937,000 | $180.7M |
| XLE SS Energy Select Sector | call | Add +178.5% | 2,785,000 | $170.6M |
| TRP TC Energy Corp. | put | Reduce -38.2% | 2,725,000 | $170.6M |
| MSTR Strategy Inc. | put | Sold out | 1,112,800 | $169.1Mbefore exit |
| GDX Vaneck Gold Miners ETF | call | Add +584.7% | 1,797,300 | $164.9M |
| BCE Bce Inc. | call | Reduce -32.9% | 6,351,500 | $160.3M |
| JNJ Johnson & Johnson | call | Add +20.2% | 625,000 | $152.8M |
| IBM Intl Business Machines Corp. | call | Sold out | 502,300 | $148.8Mbefore exit |
| AAPL Apple Inc. | call | Reduce -57.5% | 578,400 | $146.8M |
| META Meta Platforms Inc. Class A | put | Add +6.5% | 255,600 | $146.2M |
| LLY Eli Lilly & Co. | call | Sold out | 135,000 | $145.1Mbefore exit |
| CVX Chevron Corp. | call | Reduce -38.2% | 695,000 | $143.8M |
Showing the first 50 of 556.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | Sold out | 18,463,000 | $20.0Mbefore exit |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | Reduce -2.9% | 19,090,000 | $18.5M |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | Reduce -13.9% | 17,225,000 | $17.9M |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | Add +22.9% | 17,210,000 | $17.1M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +2281.8% | 15,803,500 | $16.9M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Reduce -27.8% | 15,048,000 | $16.7M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +4479.9% | 12,091,000 | $15.6M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -12.0% | 14,636,000 | $14.6M |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | Reduce -31.7% | 11,219,000 | $11.0M |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | New | 10,434,000 | $9.8M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 8,766,000 | $9.8Mbefore exit |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 9,612,000 | $9.7Mbefore exit |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 7,710,000 | $9.5M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 7,819,000 | $9.4M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Sold out | 7,947,000 | $9.0Mbefore exit |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +72.1% | 8,647,000 | $8.5M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | Add +84.1% | 8,362,000 | $8.3M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +119.4% | 6,312,000 | $7.2M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +36.8% | 6,842,000 | $7.1M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +65.2% | 7,716,000 | $6.8M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Sold out | 6,311,000 | $6.2Mbefore exit |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Add +3796.9% | 6,235,000 | $5.8M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +40.0% | 5,471,000 | $5.3M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Add +58.8% | 3,643,000 | $5.1M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Add +34.7% | 5,076,000 | $4.9M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Add +133.8% | 3,145,000 | $4.4M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | Sold out | 4,323,000 | $4.3Mbefore exit |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +0.6% | 4,338,000 | $4.0M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -44.1% | 3,275,000 | $3.9M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Sold out | 3,896,000 | $3.8Mbefore exit |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Sold out | 3,832,000 | $3.8Mbefore exit |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Reduce -15.1% | 3,852,000 | $3.7M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Add +66.5% | 4,162,000 | $3.6M |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | Reduce -46.3% | 3,126,000 | $3.6M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 2,502,000 | $3.4M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 3,302,000 | $3.3M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Reduce -66.7% | 2,160,000 | $3.3M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Reduce -54.9% | 2,503,000 | $3.1M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Sold out | 2,583,000 | $3.1Mbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | Add +834.4% | 2,551,000 | $2.8M |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Reduce -8.5% | 2,874,000 | $2.7M |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | New | 2,870,000 | $2.6M |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | Sold out | 2,811,000 | $2.6Mbefore exit |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Add +19.1% | 1,952,000 | $2.3M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Add +134.6% | 2,320,000 | $2.3M |
| BILL HOLDINGS INC (BILL 0 04/01/30) | NOTE 4/0 · principal | New | 2,500,000 | $2.2M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -27.6% | 2,300,000 | $2.2M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -22.7% | 2,040,000 | $2.0M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Reduce -1.9% | 2,000,000 | $1.9M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | New | 2,022,000 | $1.9M |
Showing the first 50 of 203.
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 |