Sanders Morris Harris LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), Sanders Morris Harris LLC reported 276 stock positions worth $640.9 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 18.6% of the portfolio, followed by Blackstone (BX, 11.6%) and Capital Southwest (CSWC, 5.0%). Compared with Q4 2024, it opened 19 new positions, sold out of 23, added to 38 and reduced 46. The biggest buy was Capital Southwest (CSWC, shares +76%) and the biggest sale Invesco S&P 500 Equal Weight (RSP, shares −77%).

Most Recent 13F
Q2 2026
Location
Houston, TX
CIK
0001053994
Portfolio Value
$640.9M (Q1 2025)
SEC Filing
0001085146-25-001935 ↗ filed Apr 9, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $544.7M Q1 2024 Q2 2024: $608.6M Q2 2024 Q3 2024: $602.5M Q3 2024 Q4 2024: $666.0M Q4 2024 Q1 2025: $640.9M $640.9M Q1 2025 Q2 2025: $418.4M Q2 2025 Q3 2025: $748.7M Q3 2025 Q4 2025: $64.7M Q4 2025 Q1 2026: $618.2M Q1 2026 Q2 2026: $172.4M Q2 2026

Holdings 276 stocks · $640.9M
QQQ Invesco QQQ Trust Series 1 18.64% 254,526 $119.5M Add +9.8%
BX Blackstone Inc. 11.61% 531,780 $74.4M Add +4.3%
CSWC Capital Southwest Corp. 4.99% 1,433,064 $32.0M Add +75.9%
EPD Enterprise Products Partners 4.49% 842,507 $28.8M Reduce -1.1%
AAPL Apple Inc. 3.79% 108,916 $24.3M Reduce -0.5%
NVDA Nvidia Corp. 3.29% 191,821 $21.1M Reduce -2.0%
SPY SS SPDR S&P 500 ETF Trust-US 2.46% 28,115 $15.8M Add +21.1%
MAIN Main Street Capital Corp. 1.83% 207,274 $11.7M Add +0.7%
GOOGL Alphabet Inc. Class A 1.74% 70,971 $11.1M Add +806.6%
CTAS Cintas Corp. 1.60% 49,442 $10.3M Reduce -0.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.25% 192,400 $8.0M Reduce -11.6%
AVGO Broadcom Inc. 1.23% 46,850 $7.9M Add +124.7%
LLY Eli Lilly & Co. 1.20% 9,381 $7.7M Reduce -3.3%
BRK.A Berkshire Hathaway Inc. Class A 1.12% 9 $7.2M No change
GS Goldman Sachs Group Inc. 1.01% 11,782 $6.5M Add +103.8%
IWF iShares Russell 1000 Growth 0.93% 16,483 $6.0M Reduce -2.7%
XOM Exxon Mobil Corp. 0.88% 47,177 $5.6M Reduce -7.7%
MRVL Marvell Technology Inc. 0.80% 82,273 $5.2M Add +4013.7%
MSFT Microsoft Corp. 0.78% 13,112 $5.0M Reduce -0.0%
JPM JPMorgan Chase & Co. 0.76% 19,984 $4.9M No change
IWN iShares Russell 2000 Value E 0.75% 31,702 $4.8M Add +0.5%
DDOG Datadog Inc. Class A 0.73% 46,258 $4.7M Add +450.0%
ABBV Abbvie Inc. 0.72% 22,431 $4.6M Reduce -0.4%
RSVR Reservoir Media Inc. 0.72% 605,009 $4.6M Reduce -1.9%
NOW ServiceNow Inc. 0.70% 5,554 $4.5M Add +426.9%
PANW Palo Alto Networks Inc. 0.70% 26,254 $4.5M Add +1993.6%
HPK Highpeak Energy Inc. 0.70% 353,546 $4.5M Reduce -2.2%
VOXR Vox Royalty Corp. 0.64% 1,400,903 $4.1M No change
TGT Target Corp. 0.62% 38,291 $4.0M Add +1063.5%
ELAN Elanco Animal Health Inc. 0.56% 342,360 $3.6M Add +31.4%
QLYS Qualys Inc. 0.56% 27,665 $3.6M New
AMD Advanced Micro Devices 0.52% 32,631 $3.4M Reduce -32.0%
V Visa Inc. Class A 0.52% 9,548 $3.3M Reduce -0.8%
GOOG Alphabet Inc. Class C 0.52% 20,857 $3.3M No change
AMZN Amazon.com Inc. 0.51% 16,987 $3.3M No change
PR Permian Resources Corp. Class A 0.48% 224,079 $3.1M No change
LRCX Lam Research Corp. 0.48% 42,420 $3.1M No change
META Meta Platforms Inc. Class A 0.46% 5,078 $3.0M No change
FYBR Frontier Communications Pare 0.46% 81,777 $2.9M No change
INTU Intuit Inc. 0.44% 4,576 $2.8M No change
ORCL Oracle Corp. 0.43% 19,485 $2.8M No change
MULTISENSOR AI HOLDINGS INC 0.40% 2,772,725 $2.6M Reduce -15.5%
MA Mastercard Inc. Class A 0.40% 4,696 $2.6M No change
PM Philip Morris International 0.40% 16,113 $2.5M No change
IVV iShares Core S&P 500 ETF 0.40% 4,496 $2.5M Add +10.6%
ANET Arista Networks Inc. 0.37% 30,400 $2.4M New
MCK McKesson Corp. 0.35% 3,370 $2.3M No change
MSI Motorola Solutions Inc. 0.32% 4,735 $2.1M No change
LOW Lowe's Cos Inc. 0.30% 8,267 $1.9M No change
RSP Invesco S&P 500 Equal Weight 0.29% 10,804 $1.9M Reduce -76.9%
CRM Salesforce Inc. 0.26% 6,061 $1.6M No change
HD Home Depot Inc. 0.25% 4,432 $1.6M Reduce -2.2%
PG The Procter & Gamble Co. 0.25% 9,515 $1.6M Reduce -7.9%
GE General Electric filed as GE AEROSPACE 0.25% 7,973 $1.6M No change
ET Energy Transfer LP 0.25% 85,198 $1.6M Reduce -2.3%
MDLZ Mondelez International Inc. Class A 0.24% 23,054 $1.6M No change
T AT&T Inc. 0.23% 52,160 $1.5M Reduce -3.7%
ECL Ecolab Inc. 0.23% 5,752 $1.5M No change
ADBE Adobe Inc. 0.22% 3,654 $1.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.22% 14,282 $1.4M No change
KNSL Kinsale Capital Group Inc. 0.22% 2,850 $1.4M No change
KR Kroger Co. 0.21% 20,000 $1.4M No change
SHIM Shimmick Corp. 0.21% 742,941 $1.3M Add +4.3%
TSLA Tesla Inc. 0.21% 5,105 $1.3M Add +74.2%
AMGN Amgen Inc. 0.21% 4,292 $1.3M No change
HCA HCA Healthcare Inc. 0.20% 3,781 $1.3M No change
WMT Walmart Inc. 0.20% 14,607 $1.3M No change
KMI Kinder Morgan Inc. 0.19% 43,572 $1.2M Reduce -14.7%
RTX RTX Corp. 0.19% 9,370 $1.2M No change
WDAY Workday Inc. Class A 0.19% 5,262 $1.2M No change
TXN Texas Instruments Inc. 0.19% 6,707 $1.2M No change
KLAC KLA Corp. 0.19% 1,750 $1.2M No change
CI The Cigna Group 0.18% 3,493 $1.2M No change
QURE Uniqure NV 0.18% 114,887 $1.1M Add +12.5%
OKE Oneok Inc. 0.17% 11,230 $1.1M Reduce -7.0%
CP Canadian Pacific Kansas City 0.17% 15,604 $1.1M No change
JNJ Johnson & Johnson 0.17% 6,945 $1.1M No change
GENK Gen Restaurant Group Inc. 0.17% 199,490 $1.1M Reduce -9.3%
MO Altria Group Inc. 0.17% 18,527 $1.1M Add +20.9%
BMY Bristol-Myers Squibb Co. 0.17% 18,107 $1.1M Reduce -0.2%
COP Conocophillips 0.17% 10,224 $1.1M No change
ARGX Argenx SE - ADR 0.16% 1,830 $1.0M No change
RMD Resmed Inc. 0.16% 4,600 $1.0M No change
TTWO Take-Two Interactive Softwre 0.16% 4,860 $1.0M No change
ABT Abbott Laboratories 0.16% 7,713 $1.0M No change
AXP American Express Co. 0.16% 3,731 $1.0M Reduce -4.1%
PCT Purecycle Technologies Inc. 0.16% 147,694 $1.0M Reduce -7.5%
IGV iShares Expanded Tech-Softwa 0.16% 11,150 $1.0M Add +8.8%
BLK BlackRock Inc. 0.15% 1,046 $990K No change
MRUS Merus NV 0.15% 24,870 $985K No change
X United States Steel Corp. 0.15% 23,184 $978K Reduce -54.5%
CADE Cadence Bank 0.15% 31,864 $967K No change
SNOW Snowflake Inc. 0.15% 6,500 $950K Reduce -18.8%
AZN Astrazeneca PLC-Spons ADR 0.15% 12,929 $940K No change
GD General Dynamics Corp. 0.15% 3,400 $931K No change
VZ Verizon Communications Inc. 0.14% 20,364 $924K Reduce -2.4%
SNYRQ Synergy CHC Corp. 0.14% 391,485 $920K Add +3.4%
FDX FedEx Corp. 0.14% 3,760 $911K No change
ALNY Alnylam Pharmaceuticals Inc. 0.14% 3,500 $895K No change
GLP Global Partners LP 0.14% 16,500 $881K No change
SYK Stryker Corp. 0.13% 2,266 $846K No change
TRGP Targa Resources Corp. 0.13% 4,200 $842K No change
LULU Lululemon Athletica Inc. 0.13% 3,008 $841K No change
FIGS Figs Inc. Class A 0.13% 182,500 $838K Reduce -4.7%
TMO Thermo Fisher Scientific Inc. 0.13% 1,708 $825K No change
ELV Elevance Health Inc. 0.13% 1,900 $822K No change
LIN Linde PLC 0.13% 1,750 $815K No change
MCD McDonald's Corp. 0.13% 2,600 $812K No change
MOH Molina Healthcare Inc. 0.13% 2,478 $812K No change
AN Autonation Inc. 0.13% 5,000 $810K No change
MUSA Murphy USA Inc. 0.13% 1,700 $808K No change
CYTK Cytokinetics Inc. 0.13% 21,505 $806K No change
OXY Occidental Petroleum Corp. 0.12% 16,223 $798K No change
PYPL PayPal Holdings Inc. 0.12% 12,046 $795K No change
KYN Kayne Anderson Energy Infra 0.12% 61,200 $785K No change
EA Electronic Arts Inc. 0.12% 5,350 $779K No change
ZBRA Zebra Technologies Corp. Class A 0.12% 2,677 $758K No change
ADP Automatic Data Processing 0.12% 2,450 $751K No change
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 0.11% 2,700 $732K No change
UNH Unitedhealth Group Inc. 0.11% 1,367 $715K No change
JEPI JPMorgan Equity Premium Inco 0.11% 12,231 $698K Add +48.6%
QSR Restaurant Brands Intern 0.11% 10,250 $688K No change
PNC PNC Financial Services Group 0.11% 3,920 $685K No change
BATRK Atlanta Braves Holdings in-C 0.10% 16,900 $673K No change
BA The Boeing Co. 0.10% 3,975 $672K Reduce -83.0%
ARKK ARK Innovation ETF 0.10% 14,025 $667K No change
CSX CSX Corp. 0.10% 22,500 $665K No change
BRK.B Berkshire Hathaway Inc. Class B 0.10% 1,243 $662K No change
XENE Xenon Pharmaceuticals Inc. 0.10% 21,500 $659K No change
NUE Nucor Corp. 0.10% 5,426 $649K No change
CRNX Crinetics Pharmaceuticals Inc. 0.10% 21,100 $646K No change
MDY State Street SPDR S&P Midcap 0.10% 1,192 $636K No change
NTES Netease Inc.-ADR 0.10% 5,925 $630K No change
GEV GE Vernova Inc. 0.10% 1,992 $625K No change
LMT Lockheed Martin Corp. 0.10% 1,389 $622K Reduce -23.2%
RKLB Rocket Lab USA Inc. 0.10% 34,643 $619K Add +22.4%
EXE Expand Energy Corp. 0.10% 5,555 $618K No change
WM Waste Management Inc. 0.09% 2,542 $588K No change
PEP Pepsico Inc. 0.09% 3,915 $586K No change
CAT Caterpillar Inc. 0.09% 1,775 $585K No change
APD Air Products & Chemicals Inc. 0.09% 1,965 $580K Reduce -4.8%
MBLY Mobileye Global Inc. Class A 0.09% 40,000 $576K No change
TEAM Atlassian Corp. Class A 0.09% 2,650 $573K No change
ETN Eaton Corp. PLC 0.09% 2,100 $571K Add +5.0%
ASTS Ast Spacemobile Inc. 0.09% 25,387 $555K No change
VRT Vertiv Holdings Co. Class A 0.09% 7,250 $545K Add +3.6%
UHS Universal Health Services-B 0.08% 2,890 $543K No change
UNP Union Pacific Corp. 0.08% 2,225 $527K Reduce -5.3%
IBIT iShares Bitcoin Trust ETF 0.08% 11,268 $527K Add +181.7%
MRK Merck & Co. Inc. 0.08% 5,983 $526K Reduce -1.4%
HRL Hormel Foods Corp. 0.08% 16,850 $521K No change
SBUX Starbucks Corp. 0.08% 5,203 $511K No change
GSK GSK PLC-Spon ADR 0.08% 13,360 $506K No change
L Loews Corp. 0.08% 5,494 $506K No change
DOX Amdocs Ltd. 0.08% 5,500 $501K No change
FIX Comfort Systems USA Inc. 0.08% 1,500 $483K No change
TIPT Tiptree Inc. 0.08% 20,000 $482K Reduce -20.0%
CNQ Canadian Natural Resources 0.07% 15,600 $480K No change
KO The Coca-Cola Co. 0.07% 6,631 $475K No change
GEL Genesis Energy L.P. 0.07% 30,000 $471K Reduce -14.3%
SWTX Springworks Therapeutics Inc. 0.07% 11,200 $469K No change
F Ford Motor Co. filed as FORD MTR CO 0.07% 46,000 $461K Add +39.7%
CTSH Cognizant Tech Solutions-A 0.07% 6,000 $459K No change
RTAI Rareview Tax Advantaged Inco filed as COLLABORATIVE INVESTMNT SER 0.07% 21,434 $457K Add +1.3%
CHTR Charter Communications Inc. Class A 0.07% 1,215 $451K No change
JAZZ Jazz Pharmaceuticals PLC 0.07% 3,600 $450K No change
SEB Seaboard Corp. 0.07% 162 $437K No change
BTI British American Tob-SP ADR 0.07% 10,223 $422K Reduce -8.9%
CL Colgate-Palmolive Co. 0.07% 4,475 $420K No change
MDT Medtronic PLC 0.07% 4,744 $420K No change
MPLX MPLX LP 0.07% 7,823 $419K No change
CSCO Cisco Systems Inc. 0.07% 6,775 $419K No change
GLD SPDR Gold Shares 0.07% 1,453 $419K New
HPQ HP Inc. 0.07% 15,000 $417K No change
HPE Hewlett Packard Enterprise 0.06% 26,000 $407K No change
TSCO Tractor Supply Company 0.06% 7,350 $405K No change
LFUS Littelfuse Inc. 0.06% 2,000 $386K No change
CVS CVS Health Corp. 0.06% 5,674 $386K No change
NEE Nextera Energy Inc. 0.06% 5,410 $384K No change
CMCSA Comcast Corp. Class A 0.06% 10,377 $381K No change
PFE Pfizer Inc. 0.06% 14,915 $373K No change
GVI iShares Intermediate Governm 0.06% 3,500 $371K No change
CIEN Ciena Corp. 0.06% 6,000 $369K No change
LUNR Intuitive Machines Inc. 0.06% 49,155 $366K Add +99.0%
ALB Albemarle Corp. 0.06% 5,000 $360K New
VIRT Virtu Financial Inc. Class A 0.06% 9,350 $356K No change
DBX Dropbox Inc. Class A 0.06% 12,970 $353K No change
SERA Sera Prognostics Inc. Class A 0.05% 94,200 $347K Add +4.0%
INTC Intel Corp. 0.05% 15,610 $345K No change
NKE Nike Inc. Class B 0.05% 5,330 $343K Add +23.1%
STX Seagate Technology Holdings 0.05% 4,000 $340K No change
FARM Farmer Bros Co. 0.05% 152,038 $338K Reduce -1.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 8,023 $335K Reduce -1.9%
IAU iShares Gold Trust 0.05% 5,498 $324K No change
CLX Clorox Company 0.05% 2,183 $323K No change
USB US Bancorp 0.05% 7,560 $316K No change
CFR Cullen/Frost Bankers Inc. 0.05% 2,500 $313K No change
PLTR Palantir Technologies Inc. Class A 0.05% 3,700 $313K Add +15.6%
SCHW Schwab (charles) Corp. 0.05% 4,000 $311K No change
KRE SS SPDR S&P Regional Bank 0.05% 5,433 $307K No change
MUNI PIMCO Intermediate Municipal 0.05% 5,913 $305K No change
INCY Incyte Corp. 0.05% 5,000 $305K No change
SCI Service Corp. International 0.05% 3,760 $302K Reduce -6.0%
CMG Chipotle Mexican Grill Inc. 0.05% 5,900 $299K No change
PAC Grupo Aeroportuario Pac-ADR 0.05% 1,600 $297K No change
IJR iShares Core S&P Small-Cap E 0.05% 2,795 $292K Add +7.5%
OMAB Grupo Aeroportuario Cen-ADR 0.05% 3,700 $291K No change
EW Edwards Lifesciences Corp. 0.05% 4,020 $289K No change
PRAA Pra Group Inc. 0.04% 13,421 $287K No change
OLPX Olaplex Holdings Inc. 0.04% 225,000 $286K No change
NSC Norfolk Southern Corp. 0.04% 1,185 $281K No change
CE Celanese Corp. 0.04% 5,000 $278K No change
EQWL Invesco S&P 100 Equal Weight 0.04% 2,703 $278K Reduce -95.5%
VGAS Verde Clean Fuels Inc. 0.04% 82,947 $278K Reduce -7.9%
LADR Ladder Capital Corp.-REIT 0.04% 24,100 $275K No change
DUK Duke Energy Corp. 0.04% 2,250 $274K No change
GBTC Grayscale Bitcoin Trust ETF 0.04% 4,202 $274K No change
BMRN Biomarin Pharmaceutical Inc. 0.04% 4,000 $272K No change
XYZ Block Inc. 0.04% 4,870 $269K No change
DXCM Dexcom Inc. 0.04% 4,000 $269K No change
DEO Diageo PLC-Sponsored ADR 0.04% 2,563 $269K Add +13.3%
WBA Walgreens Boots Alliance Inc. 0.04% 23,748 $265K Reduce -0.8%
CBZ Cbiz Inc. 0.04% 3,400 $258K No change
ASPN Aspen Aerogels Inc. 0.04% 40,000 $256K Add +14.3%
FNV Franco-Nevada Corp. 0.04% 1,610 $254K New
FMC FMC Corp. 0.04% 6,000 $253K New
TRP TC Energy Corp. 0.04% 5,300 $250K No change
DINO HF Sinclair Corp. 0.04% 7,600 $250K New
TWLO Twilio Inc. Class A 0.04% 2,500 $245K No change
EIX Edison International 0.04% 4,000 $236K New
DOCU Docusign Inc. 0.04% 2,850 $236K No change
BITO Proshares Bitcoin ETF-Usd 0.04% 12,716 $235K No change
PHG Koninklijke Philips NVR- NY 0.04% 9,138 $231K No change
NIO Nio Inc. - ADR 0.04% 60,200 $229K No change
CME Cme Group Inc. 0.04% 864 $229K No change
ENB Enbridge Inc. 0.04% 5,080 $225K No change
JEF Jefferies Financial Group Inc. 0.04% 4,200 $225K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 900 $224K No change
RIOT Riot Platforms Inc. 0.03% 31,000 $221K No change
NVS Novartis AG-Sponsored ADR 0.03% 2,000 $219K New
MCHI iShares MSCI China ETF 0.03% 4,000 $218K New
CVX Chevron Corp. 0.03% 1,300 $217K New
WASH Washington Trust Bancorp 0.03% 7,000 $216K New
PFF iShares Preferred & Income S 0.03% 7,017 $216K No change
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.03% 4,538 $209K Reduce -22.3%
EXAS Exact Sciences Corp. 0.03% 4,800 $209K No change
CCI Crown Castle Inc. 0.03% 2,000 $208K New
SO The Southern Co. 0.03% 2,240 $206K New
NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP 0.03% 18,375 $203K No change
BF.B Brown-Forman Corp. Class B 0.03% 5,964 $202K New
DELL Dell Technologies -C 0.03% 2,200 $202K No change
BHC Bausch Health Cos Inc. 0.03% 28,975 $181K No change
SEVN Seven Hills Realty Trust 0.03% 14,000 $175K New
HLN Haleon PLC-ADR 0.03% 16,700 $170K No change
BTMD Biote Corp. Class A 0.03% 49,883 $166K Reduce -9.4%
RCKT Rocket Pharmaceuticals Inc. 0.03% 27,709 $161K No change
EP Empire Petroleum Corp. 0.02% 24,854 $156K No change
AOMR Angel Oak Mortgage REIT Inc. 0.02% 16,000 $152K New
BHK BlackRock Core Bond Trust 0.02% 13,943 $151K No change
MQ Marqeta Inc. 0.02% 36,000 $148K New
NAC Nuveen Ca QLTY Muni Inc. 0.02% 10,000 $113K No change
MUC BlackRock Munihold Ca QLTY 0.02% 10,000 $108K No change
AVO Mission Produce Inc. 0.02% 10,000 $105K No change
VSTS Vestis Corp. 0.02% 10,460 $101K No change
KURA Kura Oncology Inc. 0.01% 14,900 $95K No change
KOS Kosmos Energy Ltd. 0.01% 34,000 $78K Add +41.7%
FUBO Fubotv Inc. 0.01% 23,000 $67K New
GTE Gran Tierra Energy Inc. 0.01% 11,866 $58K No change
PPT Franklin Premir Inc. Trust-Ui 0.01% 15,490 $56K No change
BIOVIE INC 0.01% 40,000 $39K No change
P3 HEALTH PARTNERS INC 0.01% 184,497 $34K No change
IOVA Iovance Biotherapeutics Inc. 0.01% 10,250 $33K No change
ESPR Esperion Therapeutics Inc. 0.00% 20,073 $29K Add +80.8%
CCO Clear Channel Outdoor Holdin 0.00% 15,840 $17K No change
MGNX Macrogenics Inc. 0.00% 12,345 $15K No change
LVO Liveone Inc. 0.00% 16,425 $12K No change
Other holdings (12): bonds, preferreds, convertibles and warrants · $6.6M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 69,865$3.2MNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 47,583$2.8MNew
RSVRW Reservoir Media-CW26 *W EXP 08/26/202 231,650$289KNo change
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 6,000$266KNo change
QBTS.WS D-Wave Quantum Inc. -27 *W EXP 08/05/202 16,665$60KNo change
VGASW Cenaq Energy Corp. Class A -CW27 *W EXP 02/15/202 107,403$22KNo change
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 25,000$4KNo change
CLSKW Cleanspark Inc.-29 *W EXP 12/29/202 14,500$3KNo change
PIIIW P3 Health Partne -CW27 *W EXP 11/19/202 46,666$448No change
ANGHW Anghami Inc. -CW27 *W EXP 02/03/202 33,333$377No change
AIIOW NWTN Inc. -CW27 *W EXP 11/11/202 10,000$228No change
LFLYW Merida Merger Corp. I -CW26 *W EXP 02/04/202 15,000$102No change

Total filed on the 13F, all lines: $647.4M.

Portfolio Sells Q4 2024 → Q1 2025
RSP Invesco S&P 500 Equal Weight Reduce -76.9% 0.29% −0.94
DKNG Draftkings Inc. Class A Sold out 0.00% −0.93
EQWL Invesco S&P 100 Equal Weight Reduce -95.5% 0.04% −0.88
NVDA Nvidia Corp. Reduce -2.0% 3.29% −0.67
XLE SS Energy Select Sector Sold out 0.00% −0.59
MULTISENSOR AI HOLDINGS INC Reduce -15.5% 0.40% −0.56
BA The Boeing Co. Reduce -83.0% 0.10% −0.53
XOP SS SPDR S&P Og Exp & Prod Sold out 0.00% −0.50
DVYE iShares Emerging Markets Div Sold out 0.00% −0.44
DTH Wisdomtree International Hig Sold out 0.00% −0.43
EMLC Vaneck JPM Em Local Curr BND Sold out 0.00% −0.42
MDB Mongodb Inc. Sold out 0.00% −0.42
DVY iShares Select Dividend ETF Sold out 0.00% −0.40
AAPL Apple Inc. Reduce -0.5% 3.79% −0.36
AMD Advanced Micro Devices Reduce -32.0% 0.52% −0.35
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.32
UBER Uber Technologies Inc. Sold out 0.00% −0.22
FLNC Fluence Energy Inc. Sold out 0.00% −0.12
IWF iShares Russell 1000 Growth Reduce -2.7% 0.93% −0.11
RSVR Reservoir Media Inc. Reduce -1.9% 0.72% −0.10
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.10
X United States Steel Corp. Reduce -54.5% 0.15% −0.10
HPK Highpeak Energy Inc. Reduce -2.2% 0.70% −0.09
PCT Purecycle Technologies Inc. Reduce -7.5% 0.16% −0.09
GENK Gen Restaurant Group Inc. Reduce -9.3% 0.17% −0.07
RDDT Reddit Inc. Class A Sold out 0.00% −0.06
MSFT Microsoft Corp. Reduce -0.0% 0.78% −0.06
FIGS Figs Inc. Class A Reduce -4.7% 0.13% −0.04
CTVA Corteva Inc. Sold out 0.00% −0.04
PGEN Precigen Inc. Sold out 0.00% −0.04
SNOW Snowflake Inc. Reduce -18.8% 0.15% −0.04
VGT Vanguard Info Tech ETF Sold out 0.00% −0.04
LMT Lockheed Martin Corp. Reduce -23.2% 0.10% −0.04
JYNT The Joint Corp. Sold out 0.00% −0.03
FLEX Flex Ltd. Sold out 0.00% −0.03
SNPS Synopsys Inc. Sold out 0.00% −0.03
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.03
CARR Carrier Global Corp. Sold out 0.00% −0.03
BTMD Biote Corp. Class A Reduce -9.4% 0.03% −0.02
NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −0.02
AXP American Express Co. Reduce -4.1% 0.16% −0.02
KMI Kinder Morgan Inc. Reduce -14.7% 0.19% −0.02
HD Home Depot Inc. Reduce -2.2% 0.25% −0.01
VGAS Verde Clean Fuels Inc. Reduce -7.9% 0.04% −0.01
MRK Merck & Co. Inc. Reduce -1.4% 0.08% −0.01
OKE Oneok Inc. Reduce -7.0% 0.17% −0.01
PG The Procter & Gamble Co. Reduce -7.9% 0.25% −0.01
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -22.3% 0.03% −0.01
ET Energy Transfer LP Reduce -2.3% 0.25% −0.01
EXTOY Almacenes Exito SA-ADR Sold out 0.00% −0.01

Portfolio Buys Q4 2024 → Q1 2025
CSWC Capital Southwest Corp. Add +75.9% 4.99% +2.35
GOOGL Alphabet Inc. Class A Add +806.6% 1.74% +1.51
MRVL Marvell Technology Inc. Add +4013.7% 0.80% +0.77
PANW Palo Alto Networks Inc. Add +1993.6% 0.70% +0.67
TGT Target Corp. Add +1063.5% 0.62% +0.56
QLYS Qualys Inc. New 0.56% +0.56
DDOG Datadog Inc. Class A Add +450.0% 0.73% +0.55
NOW ServiceNow Inc. Add +426.9% 0.70% +0.54
GS Goldman Sachs Group Inc. Add +103.8% 1.01% +0.51
AVGO Broadcom Inc. Add +124.7% 1.23% +0.51
QQQ Invesco QQQ Trust Series 1 Add +9.8% 18.64% +0.48
SPY SS SPDR S&P 500 ETF Trust-US Add +21.1% 2.46% +0.42
ANET Arista Networks Inc. New 0.37% +0.37
ELAN Elanco Animal Health Inc. Add +31.4% 0.56% +0.09
GLD SPDR Gold Shares New 0.07% +0.07
ALB Albemarle Corp. New 0.06% +0.06
MO Altria Group Inc. Add +20.9% 0.17% +0.05
IBIT iShares Bitcoin Trust ETF Add +181.7% 0.08% +0.05
MAIN Main Street Capital Corp. Add +0.7% 1.83% +0.04
FNV Franco-Nevada Corp. New 0.04% +0.04
FMC FMC Corp. New 0.04% +0.04
DINO HF Sinclair Corp. New 0.04% +0.04
JEPI JPMorgan Equity Premium Inco Add +48.6% 0.11% +0.04
EIX Edison International New 0.04% +0.04
IVV iShares Core S&P 500 ETF Add +10.6% 0.40% +0.03
NVS Novartis AG-Sponsored ADR New 0.03% +0.03
MCHI iShares MSCI China ETF New 0.03% +0.03
CVX Chevron Corp. New 0.03% +0.03
WASH Washington Trust Bancorp New 0.03% +0.03
CCI Crown Castle Inc. New 0.03% +0.03
SO The Southern Co. New 0.03% +0.03
BF.B Brown-Forman Corp. Class B New 0.03% +0.03
SEVN Seven Hills Realty Trust New 0.03% +0.03
AOMR Angel Oak Mortgage REIT Inc. New 0.02% +0.02
MQ Marqeta Inc. New 0.02% +0.02
F Ford Motor Co. Add +39.7% 0.07% +0.02
TSLA Tesla Inc. Add +74.2% 0.21% +0.02
PLTR Palantir Technologies Inc. Class A Add +15.6% 0.05% +0.01
FUBO Fubotv Inc. New 0.01% +0.01
NKE Nike Inc. Class B Add +23.1% 0.05% +0.00
RTAI Rareview Tax Advantaged Inco Add +1.3% 0.07% +0.00
IGV iShares Expanded Tech-Softwa Add +8.8% 0.16% +0.00
ESPR Esperion Therapeutics Inc. Add +80.8% 0.00% +0.00
IJR iShares Core S&P Small-Cap E Add +7.5% 0.05% +0.00
KOS Kosmos Energy Ltd. Add +41.7% 0.01% +0.00
DEO Diageo PLC-Sponsored ADR Add +13.3% 0.04% −0.00
LUNR Intuitive Machines Inc. Add +99.0% 0.06% −0.01
ETN Eaton Corp. PLC Add +5.0% 0.09% −0.01
RKLB Rocket Lab USA Inc. Add +22.4% 0.10% −0.02
ASPN Aspen Aerogels Inc. Add +14.3% 0.04% −0.03

Notes & Other Activity Q4 2024 → Q1 2025
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 47,583 $2.8M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 75$172.4MMSIF, CSWC, AAPL, BX, XOM
Q1 2026 288$618.2MQQQ, AAPL, NVDA, EPD, CSWC
Q4 2025 34$64.7MQQQ, VOXR, BABA, JBS, SLB
Q3 2025 297$748.7MQQQ, BX, NVDA, CSWC, AAPL
Q2 2025 160$418.4MQQQ, BX, CSWC, EPD, MSIF
Q1 2025 276$640.9MQQQ, BX, CSWC, EPD, AAPL
Q4 2024 280$666.0MQQQ, BX, AAPL, EPD, NVDA
Q3 2024 273$602.5MQQQ, BX, AAPL, NVDA, EPD
Q2 2024 272$608.6MQQQ, BX, AAPL, NVDA, CSWC
Q1 2024 260$544.7MQQQ, BX, AAPL, NVDA, CSWC