RWC Asset Management LLP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 27, 2026), RWC Asset Management LLP reported 101 stock positions worth $2.4 billion. Its top holding was Macy's (M) at 8.8% of the portfolio, followed by JM Smucker (SJM, 7.3%) and Kraft Heinz (KHC, 6.9%). Compared with Q1 2026, it opened 4 new positions, sold out of 21, added to 49 and reduced 33. The biggest buy was a new position in JM Smucker (SJM) and the biggest sale Lear (LEA, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001520478
- Portfolio Value
- $2.4B (Q2 2026)
- SEC Filing
- 0001398344-26-012809 ↗ filed Jul 27, 2026
Holdings Value
Holdings 101 stocks · $2.4B
| M Macy's Inc. | 8.78% | 8,942,844 | $210.6M | Reduce -20.7% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 7.29% | 1,555,311 | $175.0M | New |
| KHC The Kraft Heinz Co. | 6.89% | 6,998,616 | $165.3M | Add +44.4% |
| CMCSA Comcast Corp. Class A | 6.80% | 6,646,575 | $163.2M | Add +9.7% |
| HPQ HP Inc. | 5.92% | 6,471,380 | $142.0M | Add +3.9% |
| EXC Exelon Corp. | 3.10% | 1,592,781 | $74.3M | Reduce -2.8% |
| BAX Baxter International Inc. | 2.96% | 3,329,168 | $71.0M | Add +8.2% |
| JNJ Johnson & Johnson | 2.78% | 262,139 | $66.6M | Add +1.9% |
| OMC Omnicom Group | 2.41% | 795,132 | $57.9M | Add +10.0% |
| VIST Vista Energy Sab DE CV | 2.14% | 805,548 | $51.4M | Add +34.2% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 1.99% | 643,447 | $47.6M | Reduce -32.7% |
| SYY Sysco Corp. | 1.81% | 520,035 | $43.5M | Add +2.0% |
| GGAL Grupo Financiero Galicia-ADR | 1.78% | 853,445 | $42.7M | Add +14.1% |
| PBR Petroleo Brasileiro-Spon ADR | 1.77% | 2,630,124 | $42.5M | Add +0.1% |
| KDP Keurig Dr Pepper Inc. | 1.70% | 1,249,198 | $40.9M | Add +1.9% |
| GFI Gold Fields Ltd.-Spons ADR | 1.58% | 1,131,408 | $38.0M | Reduce -15.1% |
| ABEV Ambev SA-ADR | 1.38% | 10,547,747 | $33.1M | Add +2.0% |
| CMS CMS Energy Corp. | 1.38% | 432,884 | $33.1M | Add +2.0% |
| PAYX Paychex Inc. | 1.35% | 329,670 | $32.4M | Add +1.9% |
| AMT American Tower Corp. | 1.35% | 197,806 | $32.4M | Add +1.9% |
| PM Philip Morris International | 1.34% | 177,837 | $32.2M | Add +2.0% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 1.25% | 660,589 | $30.0M | Add +755.6% |
| NEE Nextera Energy Inc. | 1.25% | 341,499 | $30.0M | Reduce -6.5% |
| D Dominion Energy Inc. | 1.19% | 419,724 | $28.7M | Reduce -5.1% |
| MRK Merck & Co. Inc. | 1.12% | 209,086 | $26.9M | Add +1.9% |
| WMB Williams Cos Inc. | 1.09% | 352,000 | $26.2M | Add +9.7% |
| BRX Brixmor Property Group Inc. | 1.09% | 826,470 | $26.1M | Add +1.9% |
| PCG P G & E Corp. | 0.98% | 1,402,347 | $23.6M | Add +56.4% |
| TEL Te Connectivity PLC | 0.98% | 116,476 | $23.5M | Add +43.0% |
| PEG Public Service Enterprise GP | 0.97% | 285,918 | $23.2M | Add +2.7% |
| PEP Pepsico Inc. | 0.96% | 170,924 | $23.1M | Add +1.9% |
| VALE Vale SA-SP ADR | 0.94% | 1,500,372 | $22.6M | Reduce -31.3% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.94% | 1,965,612 | $22.5M | No change |
| FRT Federal Realty Invs Trust | 0.90% | 175,377 | $21.6M | Add +1.9% |
| EMBJ Embraer SA-Spon ADR | 0.89% | 336,491 | $21.5M | Add +1.2% |
| CEG Constellation Energy | 0.84% | 80,723 | $20.0M | Reduce -26.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.80% | 40,381 | $19.3M | Add +22.6% |
| MELI MercadoLibre Inc. | 0.78% | 11,009 | $18.7M | Add +1.5% |
| OC Owens Corning | 0.76% | 115,381 | $18.3M | Add +32.5% |
| CWEN Clearway Energy Inc. Class C | 0.72% | 502,780 | $17.2M | Add +5.0% |
| DAL Delta Air Lines Inc. | 0.71% | 182,031 | $17.0M | Reduce -20.3% |
| TEO Telecom Argentina SA-SP ADR | 0.70% | 1,283,341 | $16.7M | Add +0.0% |
| VSNT Versant Media Group Inc. | 0.69% | 458,188 | $16.5M | Add +10.0% |
| TLN Talen Energy Corp. | 0.67% | 41,994 | $16.1M | Add +64.6% |
| HUBB Hubbell Inc. | 0.66% | 30,338 | $15.9M | Reduce -5.7% |
| LEA Lear Corp. | 0.66% | 117,819 | $15.8M | Reduce -81.5% |
| SYF Synchrony Financial | 0.64% | 201,568 | $15.3M | Add +10.1% |
| FRVO Fervo Energy Co. Class A | 0.62% | 512,863 | $15.0M | New |
| DVN Devon Energy Corp. | 0.59% | 339,820 | $14.0M | Reduce -12.5% |
| AQN Algonquin Power & Utilities | 0.57% | 2,317,719 | $13.6M | Add +3.9% |
| CHRD Chord Energy Corp. | 0.56% | 117,533 | $13.4M | Add +10.0% |
| TECK Teck Resources Ltd.-CLS B | 0.46% | 186,597 | $11.1M | Reduce -1.9% |
| SUPV Grupo Supervielle SA-SP ADR | 0.45% | 1,112,069 | $10.7M | No change |
| XEL Xcel Energy Inc. | 0.44% | 132,305 | $10.6M | Reduce -1.7% |
| ORA Ormat Technologies Inc. | 0.44% | 97,289 | $10.6M | Reduce -2.2% |
| SO The Southern Co. | 0.43% | 107,737 | $10.3M | Reduce -1.5% |
| INFY Infosys Ltd.-SP ADR | 0.42% | 957,414 | $10.0M | New |
| EPAM Epam Systems Inc. | 0.38% | 116,095 | $9.2M | No change |
| VST Vistra Corp. | 0.37% | 56,366 | $8.9M | Reduce -1.6% |
| AVA Avista Corp. | 0.37% | 216,488 | $8.9M | Reduce -15.2% |
| AEP American Electric Power | 0.36% | 63,520 | $8.7M | Reduce -1.4% |
| ES Eversource Energy | 0.34% | 112,645 | $8.1M | Reduce -1.6% |
| DTE DTE Energy Company | 0.32% | 50,366 | $7.7M | Reduce -1.6% |
| BABA Alibaba Group Holding-SP ADR | 0.32% | 78,744 | $7.6M | Reduce -2.8% |
| AES AES Corp. | 0.28% | 464,123 | $6.8M | Reduce -1.4% |
| AEE Ameren Corporation | 0.28% | 59,601 | $6.7M | Reduce -1.2% |
| RUN Sunrun Inc. | 0.28% | 497,268 | $6.7M | Add +19.7% |
| JXN Jackson Financial Inc. Class A | 0.25% | 58,510 | $6.0M | Add +9.9% |
| AWK American Water Works Co. Inc. | 0.22% | 39,883 | $5.2M | Reduce -0.3% |
| LNT Alliant Energy Corp. | 0.21% | 66,509 | $5.1M | Reduce -1.3% |
| WM Waste Management Inc. | 0.19% | 20,236 | $4.5M | Add +1.6% |
| VEON Veon Ltd. | 0.15% | 68,207 | $3.6M | Add +79.3% |
| HSLV Highlander Silver Corp. | 0.13% | 669,956 | $3.1M | Reduce -3.2% |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.10% | 155,815 | $2.4M | No change |
| AERO Grupo Aeromexico Sab DE CV | 0.09% | 124,350 | $2.2M | No change |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.08% | 75,387 | $1.9M | No change |
| BZ Kanzhun Ltd. - ADR | 0.08% | 142,786 | $1.8M | Reduce -83.3% |
| VZ Verizon Communications Inc. | 0.04% | 22,211 | $940K | Reduce -1.1% |
| WTS Watts Water Technologies-A | 0.04% | 2,232 | $874K | No change |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.04% | 148,380 | $858K | Reduce -1.6% |
| RSG Republic Services Inc. | 0.04% | 3,966 | $845K | Add +2.2% |
| PL Planet Labs PBC | 0.03% | 22,267 | $738K | Reduce -16.3% |
| CLH Clean Harbors Inc. | 0.03% | 2,323 | $694K | Add +3.8% |
| ECL Ecolab Inc. | 0.03% | 2,429 | $677K | Add +10.7% |
| VMI Valmont Industries | 0.03% | 1,116 | $645K | Add +19.9% |
| MWA Mueller Water Products Inc. Class A | 0.02% | 22,513 | $582K | No change |
| WMS Advanced Drainage Systems Inc. | 0.02% | 3,603 | $566K | Add +11.4% |
| ITRI Itron Inc. | 0.02% | 6,263 | $542K | No change |
| DE Deere & Co. | 0.02% | 835 | $530K | Add +11.3% |
| BALL Ball Corp. | 0.02% | 7,944 | $496K | Add +12.9% |
| TRMB Trimble Inc. | 0.02% | 9,493 | $486K | No change |
| XYL Xylem Inc. | 0.02% | 3,949 | $467K | Reduce -27.2% |
| VLTO Veralto Corp. | 0.02% | 5,172 | $459K | New |
| TTEK Tetra Tech Inc. | 0.01% | 12,253 | $354K | No change |
| KOS Kosmos Energy Ltd. | 0.01% | 148,128 | $313K | Reduce -49.4% |
| BMI Badger Meter Inc. | 0.01% | 1,928 | $286K | Add +9.4% |
| ACM Aecom | 0.01% | 4,069 | $284K | No change |
| PKG Packaging Corp. of America | 0.01% | 1,052 | $251K | No change |
| SM SM Energy Co. | 0.01% | 9,086 | $237K | Add +7.6% |
| KAI Kadant Inc. | 0.01% | 746 | $234K | No change |
| CPRT Copart Inc. | 0.01% | 7,386 | $208K | No change |
Other holdings (59): bonds, preferreds, convertibles and warrants · $241.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FIRSTENERGY CORP (FE 3.875 01/15/31) | NOTE 3.875% 1/1 · principal | 12,915,000 | $14.4M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 11,345,000 | $13.6M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 8,465,000 | $10.5M | Reduce -3.8% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 8,365,000 | $10.0M | Add +2.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 10,007,000 | $9.8M | Reduce -4.9% |
| GAMESTOP CORP (GME 0 04/01/30) | NOTE 4/0 · principal | 8,630,000 | $8.8M | New |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 7,225,000 | $8.0M | Add +1.8% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,147,000 | $8.0M | Add +8.0% |
| WEC ENERGY GROUP INC (WEC 3.375 06/01/28) | NOTE 3.375% 6/0 · principal | 7,540,000 | $7.9M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 6,471,000 | $7.7M | Reduce -5.2% |
| UBER TECHNOLOGIES INC (UBER 0 05/15/28) | NOTE 5/1 · principal | 6,377,000 | $7.4M | New |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 3,955,000 | $6.6M | New |
| ALLIANT ENERGY CORP (LNT 3.25 05/30/28) | NOTE 3.250% 5/3 · principal | 5,928,000 | $6.5M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 7,019,000 | $6.3M | Reduce -14.0% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 6,807,000 | $6.1M | Add +1.2% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 4,494,000 | $5.8M | Reduce -26.3% |
| SOUTHERN CO (SO 3.25 06/15/28) | NOTE 3.250% 6/1 · principal | 5,730,000 | $5.8M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 4,354,000 | $5.7M | Reduce -5.6% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 4,550,000 | $5.4M | New |
| DOORDASH INC (DASH 0 05/15/30) | NOTE 5/1 · principal | 5,422,000 | $5.3M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 4,500,000 | $5.1M | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 4,526,000 | $4.6M | Add +286.8% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 3,740,000 | $4.5M | Add +2.2% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 3,553,000 | $4.3M | Reduce -25.4% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 3,469,000 | $4.2M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 4,055,000 | $4.2M | Add +1.6% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 3,730,000 | $3.7M | Add +7.4% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 3,003,000 | $3.6M | Add +20.6% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 3,115,000 | $3.5M | Reduce -5.3% |
| SITIME (SITM 0 06/15/31) | NOTE 6/1 · principal | 3,007,000 | $3.3M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 2,570,000 | $2.9M | Add +58.0% |
| SUPER MICRO COMPUTER INC (SMCI 0 06/15/30) | NOTE 6/1 · principal | 3,103,000 | $2.7M | New |
| CYBERARK SOFTWARE LTD (CYBR 0 06/15/30) | NOTE 6/1 · principal | 1,400,000 | $2.3M | New |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 2,223,000 | $2.2M | Add +103.9% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 2,223,000 | $2.2M | Reduce -44.4% |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 1,955,000 | $2.0M | Add +7.9% |
| MERIT MEDICAL SYSTEMS IN (MMSI 3 02/01/29) | NOTE 3.000% 2/0 · principal | 1,515,000 | $1.6M | New |
| REVOLUTION MEDICINES INC (RVMD 0.5 05/01/33) | NOTE 0.500% 5/0 · principal | 1,277,000 | $1.6M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,088,000 | $1.6M | Reduce -25.7% |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 1,104,000 | $1.6M | Reduce -56.1% |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | 1,307,000 | $1.6M | Reduce -5.2% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 1,402,000 | $1.5M | Reduce -4.8% |
| TRAVERE THERAPEUTICS INC (TVTX 0.5 05/15/32) | NOTE 0.500% 5/1 · principal | 1,281,000 | $1.5M | New |
| ETSY INC (ETSY 1 06/15/30) | NOTE 1.000% 6/1 · principal | 1,255,000 | $1.5M | New |
| UNITY SOFTWARE INC (U 0 03/15/30) | NOTE 3/1 · principal | 1,306,000 | $1.5M | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 1,175,000 | $1.5M | Reduce -6.5% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 1,088,000 | $1.4M | Reduce -6.6% |
| ALPHABET INC (GOOGL 6.25 05/15/29 A) | DEP SHS RP1/20 A | 23,000 | $1.2M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,089,000 | $1.1M | Add +1.8% |
| JOBY AVIATION INC (JOBY 0.75 02/15/32) | NOTE 0.750% 2/1 · principal | 1,256,000 | $1.1M | Reduce -1.6% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 1,200,000 | $1.1M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 923,000 | $1.1M | Reduce -3.6% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 1,060,000 | $1.0M | No change |
| SUPER MICRO COMPUTER INC (SMCI 2.25 07/15/28) | NOTE 2.250% 7/1 · principal | 807,000 | $790K | New |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 415,000 | $429K | Reduce -93.0% |
| GAMESTOP CORP (GME 0 06/15/32) | NOTE 6/1 · principal | 415,000 | $419K | New |
| CLOUDFLARE INC (NET 0 06/15/30) | NOTE 6/1 · principal | 312,000 | $396K | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 201,000 | $295K | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 228,000 | $244K | New |
Total filed on the 13F, all lines: $2.6B.
Portfolio Sells Q1 2026 → Q2 2026
| LEA Lear Corp. | Reduce -81.5% | 0.66% | −2.83 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −2.30 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -32.7% | 1.99% | −1.51 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -15.1% | 1.58% | −1.15 |
| VALE Vale SA-SP ADR | Reduce -31.3% | 0.94% | −0.63 |
| CEG Constellation Energy | Reduce -26.1% | 0.84% | −0.54 |
| EXC Exelon Corp. | Reduce -2.8% | 3.10% | −0.53 |
| BZ Kanzhun Ltd. - ADR | Reduce -83.3% | 0.08% | −0.44 |
| M Macy's Inc. | Reduce -20.7% | 8.78% | −0.43 |
| DVN Devon Energy Corp. | Reduce -12.5% | 0.59% | −0.30 |
| NEE Nextera Energy Inc. | Reduce -6.5% | 1.25% | −0.28 |
| BABA Alibaba Group Holding-SP ADR | Reduce -2.8% | 0.32% | −0.14 |
| AVA Avista Corp. | Reduce -15.2% | 0.37% | −0.09 |
| ORA Ormat Technologies Inc. | Reduce -2.2% | 0.44% | −0.06 |
| HSLV Highlander Silver Corp. | Reduce -3.2% | 0.13% | −0.05 |
| HUBB Hubbell Inc. | Reduce -5.7% | 0.66% | −0.05 |
| SO The Southern Co. | Reduce -1.5% | 0.43% | −0.05 |
| D Dominion Energy Inc. | Reduce -5.1% | 1.19% | −0.04 |
| XEL Xcel Energy Inc. | Reduce -1.7% | 0.44% | −0.04 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.03 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.03 |
| AWK American Water Works Co. Inc. | Reduce -0.3% | 0.22% | −0.03 |
| KOS Kosmos Energy Ltd. | Reduce -49.4% | 0.01% | −0.02 |
| AEP American Electric Power | Reduce -1.4% | 0.36% | −0.02 |
| ES Eversource Energy | Reduce -1.6% | 0.34% | −0.02 |
| SYRE Spyre Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| AEE Ameren Corporation | Reduce -1.2% | 0.28% | −0.02 |
| DTE DTE Energy Company | Reduce -1.6% | 0.32% | −0.02 |
| DNTH Dianthus Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| VST Vistra Corp. | Reduce -1.6% | 0.37% | −0.02 |
| GH Guardant Health Inc. | Sold out | 0.00% | −0.02 |
| AES AES Corp. | Reduce -1.4% | 0.28% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.02 |
| STKL Sunopta Inc. | Sold out | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -1.1% | 0.04% | −0.01 |
| GKOS Glaukos Corp. | Sold out | 0.00% | −0.01 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.01 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.01 |
| EYPT Eyepoint Inc. | Sold out | 0.00% | −0.01 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.01 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.01 |
| CGON CG Oncology Inc. | Sold out | 0.00% | −0.01 |
| SRRK Scholar Rock Holding Corp. | Sold out | 0.00% | −0.01 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.01 |
| MIRM Mirum Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| XYL Xylem Inc. | Reduce -27.2% | 0.02% | −0.01 |
| STN Stantec Inc. | Sold out | 0.00% | −0.01 |
| SIBN Si-Bone Inc. | Sold out | 0.00% | −0.01 |
| LNT Alliant Energy Corp. | Reduce -1.3% | 0.21% | −0.01 |
| SBS Cia Saneamento Basico DE-ADR | Reduce -1.6% | 0.04% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| SJM The JM Smucker Co. | New | 7.29% | +7.29 |
| KHC The Kraft Heinz Co. | Add +44.4% | 6.89% | +1.97 |
| YPF YPF S.A.-Sponsored ADR | Add +755.6% | 1.25% | +1.09 |
| FRVO Fervo Energy Co. Class A | New | 0.62% | +0.62 |
| BAX Baxter International Inc. | Add +8.2% | 2.96% | +0.62 |
| HPQ HP Inc. | Add +3.9% | 5.92% | +0.52 |
| INFY Infosys Ltd.-SP ADR | New | 0.42% | +0.42 |
| OC Owens Corning | Add +32.5% | 0.76% | +0.34 |
| TLN Talen Energy Corp. | Add +64.6% | 0.67% | +0.30 |
| TSM Taiwan Semiconductor-SP ADR | Add +22.6% | 0.80% | +0.30 |
| PCG P G & E Corp. | Add +56.4% | 0.98% | +0.27 |
| KDP Keurig Dr Pepper Inc. | Add +1.9% | 1.70% | +0.25 |
| TEL Te Connectivity PLC | Add +43.0% | 0.98% | +0.21 |
| GGAL Grupo Financiero Galicia-ADR | Add +14.1% | 1.78% | +0.20 |
| SYY Sysco Corp. | Add +2.0% | 1.81% | +0.17 |
| VIST Vista Energy Sab DE CV | Add +34.2% | 2.14% | +0.10 |
| FRT Federal Realty Invs Trust | Add +1.9% | 0.90% | +0.08 |
| SYF Synchrony Financial | Add +10.1% | 0.64% | +0.08 |
| VEON Veon Ltd. | Add +79.3% | 0.15% | +0.07 |
| PM Philip Morris International | Add +2.0% | 1.34% | +0.04 |
| WMB Williams Cos Inc. | Add +9.7% | 1.09% | +0.04 |
| BRX Brixmor Property Group Inc. | Add +1.9% | 1.09% | +0.03 |
| RUN Sunrun Inc. | Add +19.7% | 0.28% | +0.02 |
| VLTO Veralto Corp. | New | 0.02% | +0.02 |
| TEO Telecom Argentina SA-SP ADR | Add +0.0% | 0.70% | +0.02 |
| ABEV Ambev SA-ADR | Add +2.0% | 1.38% | +0.02 |
| VMI Valmont Industries | Add +19.9% | 0.03% | +0.01 |
| MRK Merck & Co. Inc. | Add +1.9% | 1.12% | +0.01 |
| PAYX Paychex Inc. | Add +1.9% | 1.35% | +0.01 |
| EMBJ Embraer SA-Spon ADR | Add +1.2% | 0.89% | +0.00 |
| WMS Advanced Drainage Systems Inc. | Add +11.4% | 0.02% | +0.00 |
| DE Deere & Co. | Add +11.3% | 0.02% | +0.00 |
| BALL Ball Corp. | Add +12.9% | 0.02% | +0.00 |
| ECL Ecolab Inc. | Add +10.7% | 0.03% | +0.00 |
| CLH Clean Harbors Inc. | Add +3.8% | 0.03% | 0.00 |
| BMI Badger Meter Inc. | Add +9.4% | 0.01% | −0.00 |
| SM SM Energy Co. | Add +7.6% | 0.01% | −0.00 |
| RSG Republic Services Inc. | Add +2.2% | 0.04% | −0.00 |
| JXN Jackson Financial Inc. Class A | Add +9.9% | 0.25% | −0.00 |
| VSNT Versant Media Group Inc. | Add +10.0% | 0.69% | −0.01 |
| WM Waste Management Inc. | Add +1.6% | 0.19% | −0.02 |
| OMC Omnicom Group | Add +10.0% | 2.41% | −0.04 |
| PEG Public Service Enterprise GP | Add +2.7% | 0.97% | −0.05 |
| AQN Algonquin Power & Utilities | Add +3.9% | 0.57% | −0.05 |
| JNJ Johnson & Johnson | Add +1.9% | 2.78% | −0.06 |
| MELI MercadoLibre Inc. | Add +1.5% | 0.78% | −0.07 |
| CMS CMS Energy Corp. | Add +2.0% | 1.38% | −0.11 |
| CHRD Chord Energy Corp. | Add +10.0% | 0.56% | −0.13 |
| CWEN Clearway Energy Inc. Class C | Add +5.0% | 0.72% | −0.13 |
| AMT American Tower Corp. | Add +1.9% | 1.35% | −0.16 |
Notes & Other Activity Q1 2026 → Q2 2026
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Sold out | 17,142,000 | $19.6Mbefore exit |
| FIRSTENERGY CORP (FE 3.875 01/15/31) | NOTE 3.875% 1/1 · principal | New | 12,915,000 | $14.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 11,345,000 | $13.6M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Reduce -3.8% | 8,465,000 | $10.5M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +2.0% | 8,365,000 | $10.0M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Reduce -4.9% | 10,007,000 | $9.8M |
| GAMESTOP CORP (GME 0 04/01/30) | NOTE 4/0 · principal | New | 8,630,000 | $8.8M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 8,350,000 | $8.3Mbefore exit |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Add +1.8% | 7,225,000 | $8.0M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Add +8.0% | 7,147,000 | $8.0M |
| WEC ENERGY GROUP INC (WEC 3.375 06/01/28) | NOTE 3.375% 6/0 · principal | New | 7,540,000 | $7.9M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Reduce -5.2% | 6,471,000 | $7.7M |
| UBER TECHNOLOGIES INC (UBER 0 05/15/28) | NOTE 5/1 · principal | New | 6,377,000 | $7.4M |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 3,955,000 | $6.6M |
| ALLIANT ENERGY CORP (LNT 3.25 05/30/28) | NOTE 3.250% 5/3 · principal | New | 5,928,000 | $6.5M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Reduce -14.0% | 7,019,000 | $6.3M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +1.2% | 6,807,000 | $6.1M |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Reduce -26.3% | 4,494,000 | $5.8M |
| SOUTHERN CO (SO 3.25 06/15/28) | NOTE 3.250% 6/1 · principal | New | 5,730,000 | $5.8M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Reduce -5.6% | 4,354,000 | $5.7M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 4,550,000 | $5.4M |
| DOORDASH INC (DASH 0 05/15/30) | NOTE 5/1 · principal | New | 5,422,000 | $5.3M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +286.8% | 4,526,000 | $4.6M |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | Add +2.2% | 3,740,000 | $4.5M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | Sold out | 3,100,000 | $4.4Mbefore exit |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -25.4% | 3,553,000 | $4.3M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 3,469,000 | $4.2M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +1.6% | 4,055,000 | $4.2M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +7.4% | 3,730,000 | $3.7M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | Add +20.6% | 3,003,000 | $3.6M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Reduce -5.3% | 3,115,000 | $3.5M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Sold out | 2,643,000 | $3.4Mbefore exit |
| SITIME (SITM 0 06/15/31) | NOTE 6/1 · principal | New | 3,007,000 | $3.3M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +58.0% | 2,570,000 | $2.9M |
| SUPER MICRO COMPUTER INC (SMCI 0 06/15/30) | NOTE 6/1 · principal | New | 3,103,000 | $2.7M |
| CYBERARK SOFTWARE LTD (CYBR 0 06/15/30) | NOTE 6/1 · principal | New | 1,400,000 | $2.3M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | Add +103.9% | 2,223,000 | $2.2M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Reduce -44.4% | 2,223,000 | $2.2M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Add +7.9% | 1,955,000 | $2.0M |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | Sold out | 1,486,000 | $1.9Mbefore exit |
| MERIT MEDICAL SYSTEMS IN (MMSI 3 02/01/29) | NOTE 3.000% 2/0 · principal | New | 1,515,000 | $1.6M |
| REVOLUTION MEDICINES INC (RVMD 0.5 05/01/33) | NOTE 0.500% 5/0 · principal | New | 1,277,000 | $1.6M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -25.7% | 1,088,000 | $1.6M |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | Reduce -56.1% | 1,104,000 | $1.6M |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | Reduce -5.2% | 1,307,000 | $1.6M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Reduce -4.8% | 1,402,000 | $1.5M |
| TRAVERE THERAPEUTICS INC (TVTX 0.5 05/15/32) | NOTE 0.500% 5/1 · principal | New | 1,281,000 | $1.5M |
| ETSY INC (ETSY 1 06/15/30) | NOTE 1.000% 6/1 · principal | New | 1,255,000 | $1.5M |
| UNITY SOFTWARE INC (U 0 03/15/30) | NOTE 3/1 · principal | New | 1,306,000 | $1.5M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Reduce -6.5% | 1,175,000 | $1.5M |
Showing the first 50 of 67.
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 | 101 | $2.4B | M, SJM, KHC, CMCSA, HPQ |
| Q1 2026 | 118 | $2.2B | M, CMCSA, HPQ, KHC, EXC |
| Q4 2025 | 109 | $1.8B | M, HPQ, EXC, LEA, GFI |
| Q3 2025 | 117 | $1.8B | M, HPQ, EXC, LEA, CSCO |
| Q2 2025 | 102 | $1.6B | HPQ, M, EXC, CSCO, CEG |
| Q1 2025 | 85 | $1.6B | HPQ, EXC, M, B, CSCO |
| Q4 2024 | 89 | $1.7B | HPQ, EXC, CSCO, B, KDP |
| Q3 2024 | 69 | $1.4B | HPQ, CSCO, B, AMT, EXC |
| Q2 2024 | 54 | $1.2B | HPQ, CSCO, B, GFI, AMT |
| Q1 2024 | 57 | $1.3B | HPQ, QCOM, CSCO, B, GFI |