Schnieders Capital Management LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Schnieders Capital Management LLC reported 200 stock positions worth $465.1 million. Its top holding was Microsoft (MSFT) at 8.6% of the portfolio, followed by Apple (AAPL, 7.2%) and Invesco QQQ Trust Series 1 (QQQ, 3.8%). Compared with Q4 2024, it opened 8 new positions, sold out of 11, added to 32 and reduced 105. The biggest buy was Dominion Energy (D, shares +39%) and the biggest sale Microsoft (MSFT, shares −4%).

Most Recent 13F
Q2 2025
Location
PASADENA, CA
CIK
0001603937
Portfolio Value
$465.1M (Q1 2025)
SEC Filing
0001603937-25-000002 ↗ filed May 9, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $480.5M Q1 2024 Q2 2024: $491.6M Q2 2024 Q3 2024: $521.2M Q3 2024 Q4 2024: $501.2M Q4 2024 Q1 2025: $465.1M $465.1M Q1 2025 Q2 2025: $566.8M Q2 2025

Holdings 200 stocks · $465.1M
MSFT Microsoft Corp. 8.57% 106,179 $39.9M Reduce -3.8%
AAPL Apple Inc. 7.19% 150,515 $33.4M Reduce -3.3%
QQQ Invesco QQQ Trust Series 1 3.82% 37,900 $17.8M Reduce 0.0%
AMZN Amazon.com Inc. 3.77% 92,102 $17.5M Reduce -4.3%
GOOGL Alphabet Inc. Class A 3.54% 106,428 $16.5M Reduce -0.6%
JPM JPMorgan Chase & Co. 3.17% 60,165 $14.8M Reduce -3.5%
GOOG Alphabet Inc. Class C 2.74% 81,643 $12.8M Reduce -5.2%
META Meta Platforms Inc. Class A 2.69% 21,725 $12.5M Add +3.3%
SPY SS SPDR S&P 500 ETF Trust-US 2.63% 21,899 $12.3M Reduce -0.9%
XLK SS Technology Select Sector 2.48% 55,905 $11.5M Reduce -0.3%
JNJ Johnson & Johnson 2.39% 67,096 $11.1M Reduce -5.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.14% 40,083 $10.0M Reduce -13.0%
NVDA Nvidia Corp. 1.82% 78,225 $8.5M Reduce -7.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.71% 190,293 $7.9M Reduce -5.3%
WMT Walmart Inc. 1.70% 90,293 $7.9M Reduce -9.7%
COST Costco Wholesale Corp. 1.69% 8,320 $7.9M Reduce -14.4%
CVX Chevron Corp. 1.68% 46,625 $7.8M Add +3.8%
WM Waste Management Inc. 1.50% 30,044 $7.0M Reduce -3.2%
ABT Abbott Laboratories 1.44% 50,533 $6.7M Reduce -1.6%
D Dominion Energy Inc. 1.37% 113,798 $6.4M Add +39.0%
UNH Unitedhealth Group Inc. 1.36% 12,114 $6.3M Reduce -10.0%
AMGN Amgen Inc. 1.34% 20,006 $6.2M Reduce -8.6%
ORCL Oracle Corp. 1.33% 44,326 $6.2M Reduce -18.1%
LLY Eli Lilly & Co. 1.22% 6,852 $5.7M Reduce -8.9%
V Visa Inc. Class A 1.22% 16,137 $5.7M Reduce -6.3%
SO The Southern Co. 1.16% 58,824 $5.4M Reduce -2.8%
PEP Pepsico Inc. 1.12% 34,662 $5.2M Add +4.1%
PG The Procter & Gamble Co. 1.08% 29,373 $5.0M Reduce -2.4%
UNP Union Pacific Corp. 1.04% 20,504 $4.8M Reduce -12.4%
BRK.B Berkshire Hathaway Inc. Class B 0.93% 8,153 $4.3M Reduce -12.8%
MCD McDonald's Corp. 0.85% 12,626 $3.9M Reduce -2.5%
DUK Duke Energy Corp. 0.81% 30,923 $3.8M Reduce -5.2%
HD Home Depot Inc. 0.80% 10,154 $3.7M Reduce -13.3%
XOM Exxon Mobil Corp. 0.80% 31,267 $3.7M Add +4.8%
NEE Nextera Energy Inc. 0.75% 48,985 $3.5M Reduce -6.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.74% 8,167 $3.4M Reduce -4.6%
ABBV Abbvie Inc. 0.71% 15,677 $3.3M Reduce -6.9%
IVV iShares Core S&P 500 ETF 0.68% 5,611 $3.2M Add +1.7%
CAT Caterpillar Inc. 0.62% 8,800 $2.9M Reduce -10.2%
RTX RTX Corp. 0.58% 20,277 $2.7M Reduce -6.9%
WFC Wells Fargo & Co. 0.48% 31,219 $2.2M Reduce -7.2%
KO The Coca-Cola Co. 0.43% 27,913 $2.0M Reduce -3.8%
ES Eversource Energy 0.42% 31,112 $1.9M Add +273.2%
EPD Enterprise Products Partners 0.40% 53,918 $1.8M Reduce -0.5%
O Realty Income Corp. 0.39% 31,407 $1.8M Add +33.3%
KMB Kimberly-Clark Corp. 0.38% 12,524 $1.8M Reduce -21.8%
KMI Kinder Morgan Inc. 0.38% 62,363 $1.8M Add +18.0%
NFLX Netflix Inc. 0.38% 1,887 $1.8M Reduce -32.8%
AMAT Applied Materials Inc. 0.36% 11,534 $1.7M Add +41.5%
GLD SPDR Gold Shares 0.35% 5,725 $1.6M Add +5.8%
PM Philip Morris International 0.34% 9,954 $1.6M Add +5.1%
AVGO Broadcom Inc. 0.33% 9,118 $1.5M Reduce -10.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.33% 15,452 $1.5M Add +34.7%
PFE Pfizer Inc. 0.33% 59,806 $1.5M Add +161.2%
QCOM Qualcomm Inc. 0.33% 9,847 $1.5M Add +1.6%
USB US Bancorp 0.32% 35,338 $1.5M Reduce -2.0%
EVRG Evergy Inc. 0.31% 20,673 $1.4M No change
HON Honeywell International Inc. 0.30% 6,697 $1.4M Reduce -13.0%
MDLZ Mondelez International Inc. Class A 0.30% 20,402 $1.4M Reduce -9.6%
STAG Stag Industrial Inc. 0.29% 37,828 $1.4M No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.29% 41,400 $1.4M No change
WELL Welltower Inc. 0.28% 8,404 $1.3M Reduce -3.5%
MA Mastercard Inc. Class A 0.28% 2,348 $1.3M Reduce -0.2%
WSM Williams-Sonoma Inc. 0.27% 7,996 $1.3M No change
IWF iShares Russell 1000 Growth 0.26% 3,404 $1.2M Reduce -3.6%
GE General Electric filed as GE AEROSPACE 0.26% 6,128 $1.2M Reduce -11.1%
TSLA Tesla Inc. 0.26% 4,679 $1.2M Reduce -11.6%
MRK Merck & Co. Inc. 0.25% 13,050 $1.2M Reduce -18.8%
CL Colgate-Palmolive Co. 0.25% 12,249 $1.1M Reduce -3.9%
NWE Northwestern Energy Group Inc. 0.24% 19,348 $1.1M Reduce -8.2%
QQQX Nuveen Nasdaq 100 DYN Overwr 0.23% 45,895 $1.1M Reduce -8.2%
NVO Novo-Nordisk A/S-Spons ADR 0.23% 15,586 $1.1M Add +1.3%
AEP American Electric Power 0.23% 9,766 $1.1M Reduce -2.6%
C Citigroup Inc. 0.23% 14,956 $1.1M Add +33.5%
VZ Verizon Communications Inc. 0.23% 23,257 $1.1M Reduce -3.5%
EGP Eastgroup Properties Inc. 0.23% 5,987 $1.1M No change
AWK American Water Works Co. Inc. 0.22% 6,970 $1.0M Reduce -25.6%
XLF SS Financial Select Sector 0.21% 19,805 $986K Reduce -0.2%
NNN NNN REIT Inc. 0.21% 22,641 $966K Add +37.7%
ADBE Adobe Inc. 0.20% 2,440 $936K Reduce -10.9%
DE Deere & Co. 0.19% 1,926 $904K Reduce -32.6%
SHEL Shell PLC-ADR 0.19% 12,160 $891K Add +4.3%
MU Micron Technology Inc. 0.19% 10,117 $879K Reduce -39.2%
NI Nisource Inc. 0.18% 21,278 $853K Add +0.0%
CSCO Cisco Systems Inc. 0.18% 13,455 $830K Reduce -31.5%
PLD Prologis Inc. 0.18% 7,378 $825K No change
CARR Carrier Global Corp. 0.17% 12,690 $805K Reduce -48.6%
BRK.A Berkshire Hathaway Inc. Class A 0.17% 1 $798K No change
GLPI Gaming and Leisure Propertie 0.16% 15,069 $767K Reduce -0.1%
VGT Vanguard Info Tech ETF 0.16% 1,404 $762K No change
ADC Agree Realty Corp. 0.16% 9,501 $733K Reduce -22.1%
OEF iShares S&P 100 ETF 0.15% 2,599 $704K Reduce -6.8%
INTC Intel Corp. 0.15% 30,197 $686K Reduce -16.5%
PREF Pri Spe Pre Sec Acti-Usd Inc. 0.15% 36,650 $685K No change
DLR Digital Realty Trust Inc. 0.15% 4,750 $681K Reduce -0.1%
NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC 0.15% 9,153 $676K Reduce -0.8%
MAA Mid-America Apartment Comm 0.14% 3,954 $663K Add +0.4%
IYW iShares Ustechnology ETF 0.14% 4,532 $636K Add +1.4%
SYY Sysco Corp. 0.13% 8,310 $624K Reduce -46.3%
AMT American Tower Corp. 0.13% 2,837 $617K Reduce -1.8%
NSC Norfolk Southern Corp. 0.13% 2,605 $617K Add +6.3%
RSP Invesco S&P 500 Equal Weight 0.13% 3,433 $595K Reduce -2.1%
LYB Lyondellbasell Indu Class A 0.12% 8,175 $576K New
SMH Vaneck Semiconductor ETF 0.12% 2,709 $573K Reduce -4.1%
LMT Lockheed Martin Corp. 0.12% 1,245 $556K Reduce -0.3%
BRT BRT Apartments Corp. 0.12% 32,538 $553K Reduce -1.5%
BMY Bristol-Myers Squibb Co. 0.12% 8,903 $543K No change
MO Altria Group Inc. 0.12% 9,012 $541K Reduce -1.4%
IDU iShares US Utilities ETF 0.11% 5,200 $527K No change
IWD iShares Russell 1000 Value E 0.11% 2,787 $524K Reduce -6.1%
TXN Texas Instruments Inc. 0.11% 2,883 $518K Add +1.8%
VNQ Vanguard Real Estate ETF 0.11% 5,708 $517K Reduce -1.7%
DVY iShares Select Dividend ETF 0.11% 3,808 $511K No change
CTVA Corteva Inc. 0.11% 8,076 $508K No change
FISV Fiserv Inc. 0.11% 2,299 $508K No change
MELI MercadoLibre Inc. 0.11% 260 $507K No change
HACK Amplify Cybersecurity ETF 0.11% 6,953 $499K Add +2.4%
PRU Prudential Financial Inc. 0.11% 4,401 $492K No change
LOW Lowe's Cos Inc. 0.11% 2,103 $490K No change
DIAX Nuveen Dow 30 Dynamic Overwr 0.10% 32,800 $475K Reduce -12.1%
T AT&T Inc. 0.10% 16,720 $473K Reduce -12.0%
GEV GE Vernova Inc. 0.10% 1,538 $470K Reduce -10.9%
PMAR Innovator U.S. Equity Power 0.10% 11,600 $463K Add +33.3%
VUG Vanguard Mrngstar GR ETF-Sui 0.10% 1,241 $460K No change
PSX Phillips 66 0.10% 3,713 $458K No change
IFN Aberdeen India Fund Inc. 0.10% 28,671 $452K Reduce -10.5%
GIS General Mills Inc. 0.10% 7,540 $451K Reduce -1.7%
SPG Simon Property Group Inc. 0.09% 2,656 $441K No change
OTIS Otis Worldwide Corp. 0.09% 4,213 $435K No change
RFI Cohen & Steers Tot Ret RLTY 0.09% 35,860 $434K Reduce -5.5%
LAMR Lamar Advertising Co. Class A 0.09% 3,795 $432K No change
BP BP PLC-Spons ADR 0.09% 12,699 $429K Add +53.0%
GS Goldman Sachs Group Inc. 0.09% 751 $410K No change
AXON Axon Enterprise Inc. 0.09% 780 $410K No change
ENB Enbridge Inc. 0.09% 9,137 $404K No change
FPE FT-Preferred Secur & Inc. ETF 0.09% 22,590 $397K No change
UPS United Parcel Service Class B 0.08% 3,559 $391K Reduce -20.1%
PLTR Palantir Technologies Inc. Class A 0.08% 4,600 $388K Add +39.4%
AGQ Proshares Ultra Silver 0.08% 8,333 $385K New
PYPL PayPal Holdings Inc. 0.08% 5,850 $382K Reduce -7.9%
CMCSA Comcast Corp. Class A 0.08% 10,322 $381K Reduce -22.5%
OUT Outfront Media Inc. 0.08% 23,275 $376K New
SDY SS SPDR S&P Dividend ETF 0.08% 2,759 $374K Reduce -8.2%
BBN BlackRock Taxable Muni BND 0.08% 22,025 $367K Reduce -5.4%
ELV Elevance Health Inc. 0.08% 838 $364K Reduce -1.2%
TMO Thermo Fisher Scientific Inc. 0.08% 715 $356K No change
LIN Linde PLC 0.08% 752 $350K No change
ISRG Intuitive Surgical Inc. 0.08% 705 $349K No change
VOO Vanguard S&P 500 ETF 0.07% 671 $345K No change
PNQI Invesco Nasdaq Internet ETF 0.07% 7,660 $338K No change
CCI Crown Castle Inc. 0.07% 3,241 $338K Add +4.4%
IJH iShares Core S&P Midcap ETF 0.07% 5,705 $333K Reduce -2.2%
DHS Wisdomtree US High Dividend 0.07% 3,340 $331K No change
BDX Becton Dickinson and Co. 0.07% 1,439 $330K No change
CP Canadian Pacific Kansas City 0.07% 4,693 $329K No change
CLX Clorox Company 0.07% 2,219 $327K Reduce -1.1%
SOXX iShares Semiconductor ETF 0.07% 1,725 $325K New
COR Cencora Inc. 0.07% 1,154 $321K Reduce -4.3%
ADP Automatic Data Processing 0.07% 1,034 $316K No change
DGX Quest Diagnostics Inc. 0.07% 1,829 $309K Reduce -2.1%
NXRT Nexpoint Residential 0.07% 7,825 $309K Reduce -9.8%
KHC The Kraft Heinz Co. 0.07% 10,086 $307K Reduce -60.7%
ATO Atmos Energy Corp. 0.07% 1,975 $305K No change
DOW Dow Inc. 0.07% 8,718 $304K Reduce -78.7%
ETN Eaton Corp. PLC 0.07% 1,119 $304K No change
VTI VG Morningstar TS MKT ETF-US 0.06% 1,047 $288K No change
GBTC Grayscale Bitcoin Trust ETF 0.06% 4,285 $279K Reduce -4.0%
UL Unilever PLC 0.06% 4,638 $276K No change
IWV iShares Russell 3000 ETF 0.06% 864 $274K No change
MSI Motorola Solutions Inc. 0.06% 624 $273K Reduce -9.8%
SLV iShares Silver Trust 0.06% 8,675 $269K Add +1.2%
BKNG Booking Holdings Inc. 0.06% 58 $267K No change
AGM Federal Agric MTG Corp. Class C 0.06% 1,396 $262K No change
SBUX Starbucks Corp. 0.05% 2,478 $243K No change
ECL Ecolab Inc. 0.05% 949 $241K Reduce -3.3%
YUM Yum! Brands Inc. 0.05% 1,516 $239K No change
ARM Arm Holdings PLC-ADR 0.05% 2,230 $238K Add +1.1%
ESS Essex Property Trust Inc. 0.05% 769 $236K No change
PEG Public Service Enterprise GP 0.05% 2,831 $233K No change
CAG Conagra Brands Inc. 0.05% 8,650 $231K Reduce -12.6%
IJR iShares Core S&P Small-Cap E 0.05% 2,194 $229K Reduce -7.2%
INTU Intuit Inc. 0.05% 373 $229K Reduce -44.6%
CRM Salesforce Inc. 0.05% 847 $227K Add +13.4%
EMR Emerson Electric Co. 0.05% 2,067 $227K Reduce -48.2%
LRCX Lam Research Corp. 0.05% 3,060 $222K No change
VDC Vanguard Consumer Staple ETF 0.05% 1,015 $222K No change
ALE Allete Inc. 0.05% 3,360 $221K No change
VLO Valero Energy Corp. 0.05% 1,648 $218K No change
GRMN Garmin Ltd. 0.05% 1,000 $217K Reduce -2.5%
COP Conocophillips 0.05% 2,039 $214K Reduce -0.9%
PJUL Innovator U.S. Equity Power 0.05% 5,245 $211K No change
EFA iShares MSCI Eafe ETF 0.05% 2,568 $210K New
EPR Epr Properties filed as EPR PPTYS 0.04% 3,950 $208K New
DD Dupont DE Nemours Inc. 0.04% 2,770 $207K No change
AMD Advanced Micro Devices 0.04% 2,002 $206K Reduce -83.7%
XRN Global Medical REIT Inc. 0.04% 18,900 $165K No change
CGEN Compugen Ltd. 0.03% 90,000 $131K New
KYN Kayne Anderson Energy Infra 0.03% 10,012 $128K New
MPT Medical Properties Trust Inc. 0.02% 16,200 $98K No change
KULR Kulr Technology Group Inc. 0.01% 20,000 $26K No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $2.9M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,064$1.3MReduce -4.5%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 1,033$1.2MReduce -23.9%
EPR PROPERTIES (EPR 9 PERP E) CONV PFD 9% SR E 10,400$312KReduce -2.8%

Total filed on the 13F, all lines: $468.0M.

Portfolio Sells Q4 2024 → Q1 2025
MSFT Microsoft Corp. Reduce -3.8% 8.57% −0.71
AAPL Apple Inc. Reduce -3.3% 7.19% −0.59
GOOG Alphabet Inc. Class C Reduce -5.2% 2.74% −0.53
GOOGL Alphabet Inc. Class A Reduce -0.6% 3.54% −0.51
ORCL Oracle Corp. Reduce -18.1% 1.33% −0.47
NVDA Nvidia Corp. Reduce -7.7% 1.82% −0.45
AMZN Amazon.com Inc. Reduce -4.3% 3.77% −0.44
DOW Dow Inc. Reduce -78.7% 0.07% −0.26
AMD Advanced Micro Devices Reduce -83.7% 0.04% −0.25
TSLA Tesla Inc. Reduce -11.6% 0.26% −0.17
CARR Carrier Global Corp. Reduce -48.6% 0.17% −0.16
AVGO Broadcom Inc. Reduce -10.2% 0.33% −0.14
NFLX Netflix Inc. Reduce -32.8% 0.38% −0.12
XLK SS Technology Select Sector Reduce -0.3% 2.48% −0.12
HD Home Depot Inc. Reduce -13.3% 0.80% −0.11
SYY Sysco Corp. Reduce -46.3% 0.13% −0.10
WMT Walmart Inc. Reduce -9.7% 1.70% −0.10
KHC The Kraft Heinz Co. Reduce -60.7% 0.07% −0.09
MU Micron Technology Inc. Reduce -39.2% 0.19% −0.09
FSLR First Solar Inc. Sold out 0.00% −0.09
CAT Caterpillar Inc. Reduce -10.2% 0.62% −0.09
COST Costco Wholesale Corp. Reduce -14.4% 1.69% −0.09
TRV The Travelers Cos Inc. Sold out 0.00% −0.07
MRK Merck & Co. Inc. Reduce -18.8% 0.25% −0.07
QLD Proshares Ultra QQQ Sold out 0.00% −0.06
GD General Dynamics Corp. Sold out 0.00% −0.05
BAC Bank of America Corp. Reduce -5.3% 1.71% −0.05
CSCO Cisco Systems Inc. Reduce -31.5% 0.18% −0.05
EMR Emerson Electric Co. Reduce -48.2% 0.05% −0.05
AVAV Aerovironment Inc. Sold out 0.00% −0.05
DE Deere & Co. Reduce -32.6% 0.19% −0.05
QQQ Invesco QQQ Trust Series 1 Reduce 0.0% 3.82% −0.04
IWM iShares Russell 2000 ETF Sold out 0.00% −0.04
HON Honeywell International Inc. Reduce -13.0% 0.30% −0.04
ADBE Adobe Inc. Reduce -10.9% 0.20% −0.04
SCHB Schwab US Broad Market ETF Sold out 0.00% −0.04
RHP Ryman Hospitality Properties Sold out 0.00% −0.04
DHR Danaher Corp. Sold out 0.00% −0.04
KMB Kimberly-Clark Corp. Reduce -21.8% 0.38% −0.04
QQQX Nuveen Nasdaq 100 DYN Overwr Reduce -8.2% 0.23% −0.04
INTU Intuit Inc. Reduce -44.6% 0.05% −0.04
UPS United Parcel Service Class B Reduce -20.1% 0.08% −0.03
PYPL PayPal Holdings Inc. Reduce -7.9% 0.08% −0.03
USB US Bancorp Reduce -2.0% 0.32% −0.02
UNP Union Pacific Corp. Reduce -12.4% 1.04% −0.02
DLR Digital Realty Trust Inc. Reduce -0.1% 0.15% −0.02
IWF iShares Russell 1000 Growth Reduce -3.6% 0.26% −0.02
CMCSA Comcast Corp. Class A Reduce -22.5% 0.08% −0.02
ADC Agree Realty Corp. Reduce -22.1% 0.16% −0.01
SMH Vaneck Semiconductor ETF Reduce -4.1% 0.12% −0.01

Portfolio Buys Q4 2024 → Q1 2025
D Dominion Energy Inc. Add +39.0% 1.37% +0.49
CVX Chevron Corp. Add +3.8% 1.68% +0.38
ES Eversource Energy Add +273.2% 0.42% +0.32
META Meta Platforms Inc. Class A Add +3.3% 2.69% +0.23
PFE Pfizer Inc. Add +161.2% 0.33% +0.20
XOM Exxon Mobil Corp. Add +4.8% 0.80% +0.16
O Realty Income Corp. Add +33.3% 0.39% +0.14
LYB Lyondellbasell Indu Class A New 0.12% +0.12
PM Philip Morris International Add +5.1% 0.34% +0.11
PEP Pepsico Inc. Add +4.1% 1.12% +0.11
AMAT Applied Materials Inc. Add +41.5% 0.36% +0.10
KMI Kinder Morgan Inc. Add +18.0% 0.38% +0.09
GLD SPDR Gold Shares Add +5.8% 0.35% +0.09
AGQ Proshares Ultra Silver New 0.08% +0.08
OUT Outfront Media Inc. New 0.08% +0.08
NNN NNN REIT Inc. Add +37.7% 0.21% +0.07
DIS The Walt Disney Co. Add +34.7% 0.33% +0.07
C Citigroup Inc. Add +33.5% 0.23% +0.07
SOXX iShares Semiconductor ETF New 0.07% +0.07
SHEL Shell PLC-ADR Add +4.3% 0.19% +0.05
EFA iShares MSCI Eafe ETF New 0.05% +0.05
EPR Epr Properties New 0.04% +0.04
BP BP PLC-Spons ADR Add +53.0% 0.09% +0.04
PLTR Palantir Technologies Inc. Class A Add +39.4% 0.08% +0.03
IVV iShares Core S&P 500 ETF Add +1.7% 0.68% +0.03
PMAR Innovator U.S. Equity Power Add +33.3% 0.10% +0.03
CGEN Compugen Ltd. New 0.03% +0.03
QCOM Qualcomm Inc. Add +1.6% 0.33% +0.03
KYN Kayne Anderson Energy Infra New 0.03% +0.03
NI Nisource Inc. Add +0.0% 0.18% +0.03
MAA Mid-America Apartment Comm Add +0.4% 0.14% +0.02
NSC Norfolk Southern Corp. Add +6.3% 0.13% +0.02
CCI Crown Castle Inc. Add +4.4% 0.07% +0.02
SLV iShares Silver Trust Add +1.2% 0.06% +0.01
HACK Amplify Cybersecurity ETF Add +2.4% 0.11% +0.01
TXN Texas Instruments Inc. Add +1.8% 0.11% +0.01
CRM Salesforce Inc. Add +13.4% 0.05% −0.00
ARM Arm Holdings PLC-ADR Add +1.1% 0.05% −0.00
IYW iShares Ustechnology ETF Add +1.4% 0.14% −0.01
NVO Novo-Nordisk A/S-Spons ADR Add +1.3% 0.23% −0.03

Notes & Other Activity Q4 2024 → Q1 2025
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -4.5% 1,064 $1.3M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -23.9% 1,033 $1.2M
EPR PROPERTIES (EPR 9 PERP E) CONV PFD 9% SR E Reduce -2.8% 10,400 $312K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2025 221$566.8MMSFT, AAPL, AMZN, META, QQQ
Q1 2025 200$465.1MMSFT, AAPL, QQQ, AMZN, GOOGL
Q4 2024 203$501.2MMSFT, AAPL, AMZN, GOOGL, QQQ
Q3 2024 212$521.2MMSFT, AAPL, GOOGL, QQQ, AMZN
Q2 2024 196$491.6MMSFT, AAPL, GOOGL, QQQ, GOOG
Q1 2024 202$480.5MMSFT, AAPL, QQQ, GOOGL, AMZN