Schroder Investment Management Group
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Schroder Investment Management Group reported 1,119 stock positions worth $131.8 billion. Its top holding was Nvidia (NVDA) at 6.3% of the portfolio, followed by Microsoft (MSFT, 5.8%) and Alphabet Class A (GOOGL, 5.8%). Compared with Q3 2025, it opened 73 new positions, sold out of 108, added to 476 and reduced 524. The biggest buy was a new position in 0 and the biggest sale Booking (BKNG, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001086619
- Portfolio Value
- $131.8B (Q4 2025)
- SEC Filing
- 0001140361-26-005339 ↗ filed Feb 13, 2026
Holdings Value
Holdings 1,119 stocks · $131.8B
| NVDA Nvidia Corp. | 6.26% | 44,203,000 | $8.2B | Add +16.6% |
| MSFT Microsoft Corp. | 5.83% | 15,881,388 | $7.7B | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 5.80% | 24,428,167 | $7.6B | Reduce -2.1% |
| AAPL Apple Inc. | 3.38% | 16,383,661 | $4.5B | Add +6.2% |
| AVGO Broadcom Inc. | 2.77% | 10,540,846 | $3.6B | Add +5.7% |
| AMZN Amazon.com Inc. | 2.63% | 14,998,243 | $3.5B | Add +3.8% |
| META Meta Platforms Inc. Class A | 2.57% | 5,133,381 | $3.4B | Reduce -2.7% |
| V Visa Inc. Class A | 1.86% | 6,974,884 | $2.4B | Add +0.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.67% | 7,251,510 | $2.2B | Add +0.5% |
| JPM JPMorgan Chase & Co. | 1.62% | 6,613,948 | $2.1B | Add +3.4% |
| LLY Eli Lilly & Co. | 1.59% | 1,947,698 | $2.1B | Add +4.4% |
| MS Morgan Stanley | 1.39% | 10,302,528 | $1.8B | Add +6.1% |
| 0 | 1.13% | 23,669,250 | $1.5B | New |
| NFLX Netflix Inc. | 1.12% | 15,712,281 | $1.5B | Reduce -8.6% |
| TME Tencent Music Entertainm-ADR | 1.07% | 80,480,078 | $1.4B | Add +30.0% |
| TPR Tapestry Inc. | 0.91% | 9,350,221 | $1.2B | Add +92.8% |
| CRM Salesforce Inc. | 0.90% | 4,480,399 | $1.2B | Add +14.2% |
| MA Mastercard Inc. Class A | 0.89% | 2,057,164 | $1.2B | Add +4.4% |
| ANET Arista Networks Inc. | 0.87% | 8,716,211 | $1.1B | Add +1.5% |
| MELI MercadoLibre Inc. | 0.77% | 499,396 | $1.0B | Reduce -12.8% |
| TMO Thermo Fisher Scientific Inc. | 0.77% | 1,739,902 | $1.0B | Add +0.8% |
| EMR Emerson Electric Co. | 0.75% | 7,461,727 | $990.3M | Add +3.6% |
| HDB HDFC Bank Ltd.-ADR | 0.73% | 26,264,726 | $959.7M | Add +4.1% |
| KO The Coca-Cola Co. | 0.69% | 13,083,648 | $914.7M | Add +8.9% |
| NEE Nextera Energy Inc. | 0.68% | 11,197,069 | $898.9M | Add +4.2% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.65% | 8,140,550 | $861.6M | Add +185.3% |
| GOOG Alphabet Inc. Class C | 0.64% | 2,694,467 | $845.5M | Add +1.0% |
| MDT Medtronic PLC | 0.62% | 8,468,982 | $813.5M | Add +12.5% |
| BSX Boston Scientific Corp. | 0.60% | 8,349,641 | $796.1M | Add +6.9% |
| PH Parker Hannifin Corp. | 0.59% | 883,185 | $776.3M | Add +2.8% |
| SE Sea Ltd.-ADR | 0.58% | 6,002,878 | $765.8M | Add +47.8% |
| TSLA Tesla Inc. | 0.57% | 1,678,130 | $754.7M | Add +2.1% |
| MNST Monster Beverage Corp. | 0.56% | 9,676,260 | $741.9M | Add +18.4% |
| ABBV Abbvie Inc. | 0.56% | 3,203,366 | $731.9M | Add +14.1% |
| BMY Bristol-Myers Squibb Co. | 0.52% | 12,554,362 | $680.6M | Add +3.2% |
| AXP American Express Co. | 0.51% | 1,813,221 | $677.0M | Add +8.8% |
| CDNS Cadence Design SYS Inc. | 0.51% | 2,126,393 | $671.1M | Add +2.5% |
| VOO Vanguard S&P 500 ETF | 0.50% | 1,048,213 | $662.2M | Reduce -9.8% |
| BKNG Booking Holdings Inc. | 0.49% | 121,166 | $648.9M | Reduce -65.2% |
| INTU Intuit Inc. | 0.47% | 929,529 | $615.7M | Add +36.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.47% | 3,999,445 | $614.4M | Add +11.5% |
| HWM Howmet Aerospace Inc. | 0.46% | 2,901,772 | $603.0M | Reduce -4.8% |
| HTHT H World Group Ltd.-ADR | 0.45% | 12,724,804 | $598.7M | Reduce -3.4% |
| MMYT Makemytrip Ltd. | 0.45% | 7,186,704 | $590.2M | Add +13.8% |
| UBER Uber Technologies Inc. | 0.43% | 6,982,451 | $570.5M | Add +3.8% |
| GEV GE Vernova Inc. | 0.43% | 864,790 | $565.2M | Add +3.5% |
| PG The Procter & Gamble Co. | 0.43% | 3,923,947 | $562.3M | Add +2.9% |
| IVV iShares Core S&P 500 ETF | 0.41% | 785,208 | $541.7M | Reduce -8.1% |
| GE General Electric filed as GE AEROSPACE | 0.41% | 1,714,495 | $534.6M | Add +7.6% |
| VT Vanguard Tot World STK ETF | 0.40% | 3,745,912 | $531.8M | Reduce -45.9% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.40% | 72,822,624 | $524.3M | Reduce -2.3% |
| SPOT Spotify Technology SA | 0.39% | 891,283 | $517.6M | Reduce -38.1% |
| AMD Advanced Micro Devices | 0.39% | 2,414,175 | $517.0M | Add +3.4% |
| YMM Full Truck Alliance -SPN ADR | 0.39% | 47,859,035 | $513.5M | Add +43.6% |
| JNJ Johnson & Johnson | 0.38% | 2,447,524 | $506.5M | Add +20.8% |
| SYK Stryker Corp. | 0.38% | 1,425,761 | $501.1M | Reduce -5.2% |
| BZ Kanzhun Ltd. - ADR | 0.38% | 24,433,878 | $498.0M | Add +15.9% |
| KLAC KLA Corp. | 0.37% | 400,523 | $486.7M | Add +14.9% |
| FWONK Liberty Media Corp. Class C | 0.37% | 4,910,949 | $482.3M | Reduce -44.5% |
| ADBE Adobe Inc. | 0.36% | 1,365,602 | $477.9M | Reduce -42.2% |
| PDD PDD Holdings Inc. | 0.36% | 4,137,857 | $469.2M | Add +199.8% |
| CB Chubb Ltd. | 0.35% | 1,476,073 | $463.7M | Add +12.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 894,138 | $450.4M | Reduce -22.1% |
| CSCO Cisco Systems Inc. | 0.34% | 5,773,336 | $444.7M | Add +28.1% |
| ITW Illinois Tool Works | 0.33% | 1,751,393 | $436.5M | Add +4.7% |
| HD Home Depot Inc. | 0.32% | 1,230,323 | $426.1M | Reduce -8.8% |
| EWBC East West Bancorp Inc. | 0.32% | 3,713,679 | $423.6M | Add +9.4% |
| PANW Palo Alto Networks Inc. | 0.32% | 2,280,013 | $420.0M | Add +0.1% |
| BLK BlackRock Inc. | 0.29% | 347,873 | $376.9M | Add +2.7% |
| UNH Unitedhealth Group Inc. | 0.28% | 1,131,098 | $373.4M | Reduce -6.9% |
| FSLR First Solar Inc. | 0.28% | 1,427,105 | $372.8M | Add +7.6% |
| ORCL Oracle Corp. | 0.28% | 1,906,569 | $371.6M | Reduce -18.4% |
| LOW Lowe's Cos Inc. | 0.27% | 1,485,846 | $358.3M | Reduce -8.2% |
| XOM Exxon Mobil Corp. | 0.27% | 2,975,109 | $358.0M | Add +25.1% |
| NOW ServiceNow Inc. | 0.27% | 2,329,680 | $356.9M | Add +2.6% |
| TT Trane Technologies PLC | 0.26% | 875,278 | $342.9M | Reduce -3.4% |
| AZO AutoZone Inc. | 0.26% | 100,603 | $341.9M | Add +3.6% |
| QCOM Qualcomm Inc. | 0.24% | 1,859,358 | $322.9M | Add +12.7% |
| HCA HCA Healthcare Inc. | 0.24% | 688,652 | $321.5M | Add +5.5% |
| VZ Verizon Communications Inc. | 0.24% | 7,852,714 | $319.8M | Reduce -2.9% |
| MCD McDonald's Corp. | 0.24% | 1,044,762 | $319.3M | Add +1.5% |
| BAP Credicorp Ltd. | 0.24% | 1,107,420 | $317.8M | Add +2.2% |
| PFE Pfizer Inc. | 0.23% | 12,351,486 | $307.6M | Reduce -0.2% |
| WELL Welltower Inc. | 0.23% | 1,632,233 | $303.0M | Reduce -5.5% |
| CX Cemex Sab-Spons ADR Part Cer | 0.23% | 26,348,884 | $302.7M | Add +406.2% |
| FMX Fomento Economico Mex-SP ADR | 0.23% | 2,956,155 | $297.5M | Reduce -10.2% |
| LRCX Lam Research Corp. | 0.22% | 1,688,994 | $289.1M | Add +120.5% |
| VRT Vertiv Holdings Co. Class A | 0.22% | 1,784,334 | $289.1M | Reduce -2.4% |
| MCO Moody's Corp. | 0.22% | 564,572 | $288.4M | Add +13.2% |
| ORLY O'reilly Automotive Inc. | 0.22% | 3,113,903 | $284.0M | Add +9.0% |
| COST Costco Wholesale Corp. | 0.22% | 327,382 | $283.4M | Reduce -29.1% |
| CAT Caterpillar Inc. | 0.21% | 487,620 | $279.3M | Reduce -11.6% |
| CARR Carrier Global Corp. | 0.21% | 5,247,094 | $277.3M | Reduce -0.5% |
| PBR Petroleo Brasileiro-Spon ADR | 0.21% | 23,380,819 | $277.1M | Reduce -17.0% |
| PGR Progressive Corp. | 0.21% | 1,188,045 | $270.5M | Add +1.0% |
| COP Conocophillips | 0.20% | 2,770,433 | $260.7M | Reduce -3.3% |
| WMT Walmart Inc. | 0.20% | 2,319,768 | $258.4M | Reduce -19.7% |
| TXN Texas Instruments Inc. | 0.19% | 1,471,321 | $255.3M | Reduce -54.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.19% | 832,317 | $246.5M | Reduce -20.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.18% | 4,420,711 | $243.1M | Add +9.7% |
Other holdings (23): bonds, preferreds, convertibles and warrants · $135.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 26,400,000 | $28.2M | Add +8.4% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 10,960,000 | $14.0M | Reduce -5.2% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 12,861,000 | $13.9M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 9,500,000 | $11.8M | Reduce -0.5% |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 5,415,000 | $9.9M | Reduce -23.5% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 168,750 | $9.8M | Reduce -0.3% |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 8,600,000 | $9.1M | Add +36.6% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 7,350,000 | $7.3M | Add +43.2% |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 5,800,000 | $5.8M | Add +36.9% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 4,100,000 | $4.0M | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 2,750,000 | $2.7M | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 2,700,000 | $2.6M | No change |
| SUNRUN INC (RUN 0 02/01/26) | NOTE 2/0 · principal | 2,700,000 | $2.6M | No change |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 28,556 | $2.3M | Add +4.0% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 2,100,000 | $2.0M | Reduce -4.5% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,575 | $2.0M | Add +43.7% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,526 | $1.8M | Add +46.9% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 1,650,000 | $1.6M | No change |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 1,192,000 | $1.2M | No change |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 1,010,000 | $1.0M | No change |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 1,000,000 | $980K | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 360,000 | $351K | No change |
| NEOGENOMICS INC (NEO 0.25 01/15/28) | NOTE 0.250% 1/1 · principal | 300,000 | $267K | No change |
Total filed on the 13F, all lines: $131.9B.
Portfolio Sells Q3 2025 → Q4 2025
| BKNG Booking Holdings Inc. | Reduce -65.2% | 0.49% | −0.98 |
| NFLX Netflix Inc. | Reduce -8.6% | 1.12% | −0.50 |
| META Meta Platforms Inc. Class A | Reduce -2.7% | 2.57% | −0.46 |
| SPOT Spotify Technology SA | Reduce -38.1% | 0.39% | −0.39 |
| FWONK Liberty Media Corp. Class C | Reduce -44.5% | 0.37% | −0.36 |
| MELI MercadoLibre Inc. | Reduce -12.8% | 0.77% | −0.36 |
| VT Vanguard Tot World STK ETF | Reduce -45.9% | 0.40% | −0.34 |
| ADBE Adobe Inc. | Reduce -42.2% | 0.36% | −0.29 |
| TXN Texas Instruments Inc. | Reduce -54.8% | 0.19% | −0.27 |
| CL Colgate-Palmolive Co. | Reduce -80.7% | 0.06% | −0.27 |
| ORCL Oracle Corp. | Reduce -18.4% | 0.28% | −0.23 |
| FORTINET INC | Sold out | 0.00% | −0.22 |
| RTX CORPORATION | Sold out | 0.00% | −0.21 |
| VERISIGN INC | Sold out | 0.00% | −0.20 |
| INVESCO QQQ TR | Sold out | 0.00% | −0.17 |
| NEXTPOWER INC | Sold out | 0.00% | −0.13 |
| SALLY BEAUTY HLDGS INC | Sold out | 0.00% | −0.13 |
| PNC PNC Financial Services Group | Reduce -53.7% | 0.10% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -29.1% | 0.22% | −0.12 |
| VEEV Veeva Systems Inc. Class A | Reduce -19.2% | 0.17% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -22.1% | 0.34% | −0.11 |
| HD Home Depot Inc. | Reduce -8.8% | 0.32% | −0.11 |
| APP AppLovin Corp. Class A | Reduce -48.9% | 0.08% | −0.10 |
| XP XP Inc. Class A | Reduce -42.2% | 0.09% | −0.09 |
| MSI Motorola Solutions Inc. | Reduce -35.0% | 0.09% | −0.08 |
| AMERISOURCEBERGEN CORP | Sold out | 0.00% | −0.07 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -17.0% | 0.21% | −0.07 |
| EDWARDS LIFESCIENCES CORP | Sold out | 0.00% | −0.07 |
| VST Vistra Corp. | Reduce -52.6% | 0.04% | −0.06 |
| VRSK Verisk Analytics Inc. | Reduce -32.4% | 0.08% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -21.7% | 0.11% | −0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -66.8% | 0.03% | −0.06 |
| SYK Stryker Corp. | Reduce -5.2% | 0.38% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -9.8% | 0.50% | −0.05 |
| M Macy's Inc. | Reduce -48.5% | 0.08% | −0.05 |
| CTAS Cintas Corp. | Reduce -32.3% | 0.08% | −0.05 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.05 |
| SNOW Snowflake Inc. | Reduce -42.3% | 0.06% | −0.05 |
| CDE Coeur Mining Inc. | Reduce -49.5% | 0.04% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -8.2% | 0.27% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -20.9% | 0.19% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -6.9% | 0.28% | −0.05 |
| NRG NRG Energy Inc. | Reduce -24.1% | 0.11% | −0.04 |
| IEMG iShares Core MSCI Emerging | Reduce -97.5% | 0.00% | −0.04 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.04 |
| NTNX Nutanix Inc. Class A | Reduce -98.6% | 0.00% | −0.04 |
| RSG Republic Services Inc. | Reduce -28.9% | 0.07% | −0.04 |
| AMT American Tower Corp. | Reduce -88.0% | 0.00% | −0.04 |
| ABNB Airbnb Inc. Class A | Reduce -80.3% | 0.01% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -92.3% | 0.00% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| 0 | New | 1.13% | +1.13 |
| NVDA Nvidia Corp. | Add +16.6% | 6.26% | +0.71 |
| TPR Tapestry Inc. | Add +92.8% | 0.91% | +0.48 |
| LLY Eli Lilly & Co. | Add +4.4% | 1.59% | +0.47 |
| EL Estee Lauder Companies Class A | Add +185.3% | 0.65% | +0.45 |
| AAPL Apple Inc. | Add +6.2% | 3.38% | +0.30 |
| PDD PDD Holdings Inc. | Add +199.8% | 0.36% | +0.21 |
| CX Cemex Sab-Spons ADR Part Cer | Add +406.2% | 0.23% | +0.19 |
| AVGO Broadcom Inc. | Add +5.7% | 2.77% | +0.19 |
| MS Morgan Stanley | Add +6.1% | 1.39% | +0.18 |
| CRM Salesforce Inc. | Add +14.2% | 0.90% | +0.17 |
| TEVA Teva Pharmaceutical-SP ADR | Add +261.1% | 0.18% | +0.14 |
| AMZN Amazon.com Inc. | Add +3.8% | 2.63% | +0.14 |
| LRCX Lam Research Corp. | Add +120.5% | 0.22% | +0.14 |
| MNST Monster Beverage Corp. | Add +18.4% | 0.56% | +0.13 |
| GOOG Alphabet Inc. Class C | Add +1.0% | 0.64% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.5% | 1.67% | +0.13 |
| BBY Best Buy Co. Inc. | Add +378.8% | 0.16% | +0.12 |
| GNR State Street SPDR S&P Global | New | 0.12% | +0.12 |
| TMO Thermo Fisher Scientific Inc. | Add +0.8% | 0.77% | +0.11 |
| INTU Intuit Inc. | Add +36.6% | 0.47% | +0.10 |
| CSCO Cisco Systems Inc. | Add +28.1% | 0.34% | +0.10 |
| AMD Advanced Micro Devices | Add +3.4% | 0.39% | +0.10 |
| JNJ Johnson & Johnson | Add +20.8% | 0.38% | +0.09 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +520.9% | 0.10% | +0.09 |
| BMY Bristol-Myers Squibb Co. | Add +3.2% | 0.52% | +0.09 |
| AXP American Express Co. | Add +8.8% | 0.51% | +0.08 |
| PH Parker Hannifin Corp. | Add +2.8% | 0.59% | +0.08 |
| KLAC KLA Corp. | Add +14.9% | 0.37% | +0.08 |
| EFV iShares MSCI Eafe Value ETF | New | 0.08% | +0.08 |
| MU Micron Technology Inc. | Add +11.8% | 0.15% | +0.07 |
| SPGI S&P Global Inc. | Add +57.8% | 0.18% | +0.07 |
| KO The Coca-Cola Co. | Add +8.9% | 0.69% | +0.07 |
| CB Chubb Ltd. | Add +12.1% | 0.35% | +0.06 |
| XOM Exxon Mobil Corp. | Add +25.1% | 0.27% | +0.06 |
| TJX TJX Companies Inc. | Add +11.5% | 0.47% | +0.06 |
| SHOP Shopify Inc. Class A | Add +125.4% | 0.10% | +0.06 |
| VMC Vulcan Materials Co. | Add +68.1% | 0.17% | +0.06 |
| MDT Medtronic PLC | Add +12.5% | 0.62% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +40.0% | 0.17% | +0.06 |
| AMGN Amgen Inc. | Add +52.3% | 0.13% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +14.3% | 0.18% | +0.05 |
| FSLR First Solar Inc. | Add +7.6% | 0.28% | +0.05 |
| HDB HDFC Bank Ltd.-ADR | Add +4.1% | 0.73% | +0.05 |
| YMM Full Truck Alliance -SPN ADR | Add +43.6% | 0.39% | +0.05 |
| VEU Vanguard Ftse All-World Ex-U | Add +1302.9% | 0.05% | +0.05 |
| AMAT Applied Materials Inc. | Add +41.7% | 0.12% | +0.05 |
| APH Amphenol Corp. Class A | Add +27.7% | 0.18% | +0.05 |
| NEE Nextera Energy Inc. | Add +4.2% | 0.68% | +0.05 |
| ROK Rockwell Automation Inc. | Add +50.4% | 0.12% | +0.05 |
Notes & Other Activity Q3 2025 → Q4 2025
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Add +8.4% | 26,400,000 | $28.2M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Reduce -5.2% | 10,960,000 | $14.0M |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | New | 12,861,000 | $13.9M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Reduce -0.5% | 9,500,000 | $11.8M |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | Reduce -23.5% | 5,415,000 | $9.9M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Reduce -0.3% | 168,750 | $9.8M |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | Add +36.6% | 8,600,000 | $9.1M |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | Add +43.2% | 7,350,000 | $7.3M |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | Add +36.9% | 5,800,000 | $5.8M |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | Sold out | 3,620,000 | $3.6Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 3,374,000 | $3.5Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Add +4.0% | 28,556 | $2.3M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Sold out | 2,137,000 | $2.1Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Reduce -4.5% | 2,100,000 | $2.0M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +43.7% | 1,575 | $2.0M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +46.9% | 1,526 | $1.8M |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | Sold out | 870,000 | $867Kbefore exit |
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 | 1,148 | $140.9B | NVDA, GOOGL, AAPL, MSFT, AVGO |
| Q1 2026 | 1,157 | $121.8B | NVDA, GOOGL, MSFT, AAPL, AVGO |
| Q4 2025 | 1,119 | $131.8B | NVDA, MSFT, GOOGL, AAPL, AVGO |
| Q3 2025 | 1,154 | $127.7B | MSFT, NVDA, GOOGL, AAPL, META |
| Q2 2025 | 1,130 | $118.2B | MSFT, NVDA, GOOGL, META, AAPL |
| Q1 2025 | 1,162 | $99.0B | MSFT, GOOGL, AAPL, NVDA, META |
| Q4 2024 | 1,171 | $104.3B | MSFT, NVDA, GOOGL, AAPL, AMZN |
| Q3 2024 | 1,135 | $97.2B | MSFT, NVDA, GOOGL, AAPL, AMZN |
| Q2 2024 | 1,126 | $90.3B | MSFT, GOOGL, NVDA, AAPL, AMZN |
| Q1 2024 | 1,121 | $84.5B | MSFT, GOOGL, NVDA, AMZN, AAPL |