SG Americas Securities, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), SG Americas Securities, LLC reported 2,770 stock positions worth $26.9 billion. Its top holding was Broadcom (AVGO) at 13.2% of the portfolio, followed by Meta Platforms Class A (META, 8.5%) and Alphabet Class A (GOOGL, 6.0%). Compared with Q2 2025, it opened 596 new positions, sold out of 235, added to 1,287 and reduced 871. The biggest buy was Meta Platforms Class A (META, shares +135%) and the biggest sale Apple (AAPL, shares −59%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001313360
Portfolio Value
$26.9B (Q3 2025)
SEC Filing
0001313360-25-000008 ↗ filed Oct 23, 2025

Holdings Value

0$50.0B$100.0B$150.0B$200.0B Q1 2024: $19.2B Q1 2024 Q2 2024: $15.5B Q2 2024 Q3 2024: $26.0B Q3 2024 Q4 2024: $22.8B Q4 2024 Q1 2025: $29.0B Q1 2025 Q2 2025: $22.4B Q2 2025 Q3 2025: $26.9B $26.9B Q3 2025 Q4 2025: $75.4B Q4 2025 Q1 2026: $90.1B Q1 2026 Q2 2026: $172.9B Q2 2026

Holdings 2,770 stocks · $26.9B
AVGO Broadcom Inc. 13.16% 10,736,512 $3.5B Add +31.8%
META Meta Platforms Inc. Class A 8.54% 3,129,330 $2.3B Add +134.6%
GOOGL Alphabet Inc. Class A 6.01% 6,654,320 $1.6B Reduce -5.2%
AAPL Apple Inc. 5.11% 5,395,957 $1.4B Reduce -58.9%
GOOG Alphabet Inc. Class C 3.87% 4,272,106 $1.0B Add +8.8%
UNH Unitedhealth Group Inc. 2.66% 2,072,912 $715.8M Add +226.6%
CSCO Cisco Systems Inc. 2.51% 9,862,375 $674.8M Add +117.8%
PANW Palo Alto Networks Inc. 1.91% 2,519,546 $513.0M Add +44.3%
TSLA Tesla Inc. 1.80% 1,090,899 $485.1M Add +71.0%
NVDA Nvidia Corp. 1.45% 2,097,117 $391.3M Reduce -28.1%
V Visa Inc. Class A 1.29% 1,013,457 $346.0M Add +1978.5%
GLD SPDR Gold Shares 1.28% 972,567 $345.7M Add +32.0%
NXPI NXP Semiconductors NV 1.00% 1,179,129 $268.5M Add +307.7%
WMT Walmart Inc. 1.00% 2,603,439 $268.3M Add +97.5%
BA The Boeing Co. 0.96% 1,197,138 $258.4M Add +2648.4%
CAT Caterpillar Inc. 0.89% 502,527 $239.8M Add +2.4%
ASML ASML Holding NV-NY Reg SHS 0.80% 222,329 $215.2M Add +46.6%
ADI Analog Devices Inc. 0.79% 862,314 $211.9M Add +684.6%
CRM Salesforce Inc. 0.70% 795,225 $188.5M Add +2971.7%
NKE Nike Inc. Class B 0.70% 2,696,969 $188.1M Add +788.4%
MA Mastercard Inc. Class A 0.66% 313,561 $178.4M Add +30.6%
AIG American International Group 0.66% 2,268,345 $178.2M Add +3.8%
SLV iShares Silver Trust 0.62% 3,915,640 $165.9M Add +35.7%
NVO Novo-Nordisk A/S-Spons ADR 0.49% 2,383,176 $132.2M Add +2101.5%
AMZN Amazon.com Inc. 0.49% 601,745 $132.1M Reduce -49.1%
PGR Progressive Corp. 0.49% 532,516 $131.5M Add +1.9%
HOOD Robinhood Markets Inc. Class A 0.47% 876,416 $125.5M Add +216.4%
BKNG Booking Holdings Inc. 0.45% 22,635 $122.2M Add +103.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.43% 171,762 $114.4M Add +545.8%
MRK Merck & Co. Inc. 0.39% 1,243,103 $104.3M Add +494.0%
NEE Nextera Energy Inc. 0.38% 1,348,095 $101.8M Add +121.4%
CSX CSX Corp. 0.36% 2,706,717 $96.1M Add +281.4%
QCOM Qualcomm Inc. 0.35% 559,594 $93.1M Add +309.6%
MNDY Monday.com Ltd. 0.32% 442,421 $85.7M Add +1.4%
EA Electronic Arts Inc. 0.31% 412,503 $83.2M Add +1123.9%
TSM Taiwan Semiconductor-SP ADR 0.31% 296,998 $82.9M Add +2.8%
SE Sea Ltd.-ADR 0.31% 459,576 $82.1M Add +417.0%
QQQ Invesco QQQ Trust Series 1 0.30% 136,620 $82.0M Reduce -29.7%
IWM iShares Russell 2000 ETF 0.30% 331,900 $80.3M Reduce -61.2%
AMGN Amgen Inc. 0.30% 283,310 $80.0M Add +19.6%
ABT Abbott Laboratories 0.29% 590,271 $79.1M Add +195.3%
DASH DoorDash Inc. Class A 0.29% 289,873 $78.8M Reduce -9.5%
BMY Bristol-Myers Squibb Co. 0.28% 1,674,650 $75.5M Add +237.0%
MSTR Strategy Inc. 0.27% 221,300 $71.3M Reduce -23.8%
WIX Wix.com Ltd. 0.26% 397,498 $70.6M Reduce -6.3%
COST Costco Wholesale Corp. 0.25% 72,576 $67.2M Add +888.2%
GILD Gilead Sciences Inc. 0.25% 603,498 $67.0M Add +1283.7%
MSFT Microsoft Corp. 0.25% 128,772 $66.7M Add +42.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.24% 589,069 $65.7M Reduce -31.4%
SPOT Spotify Technology SA 0.24% 93,270 $65.1M Add +85.0%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.24% 596,706 $64.8M Add +21496.3%
ABBV Abbvie Inc. 0.23% 262,876 $60.9M Reduce -38.6%
SO The Southern Co. 0.22% 626,395 $59.4M Add +448.8%
CYBR Cyberark Software Ltd./Israel 0.22% 122,711 $59.3M Add +10.2%
GPN Global Payments Inc. 0.22% 710,348 $59.0M Add +157.0%
EMB iShares JP Morgan Usd Emergi 0.22% 616,430 $58.7M Reduce -7.8%
CTVA Corteva Inc. 0.20% 790,563 $53.5M Add +15.5%
WELL Welltower Inc. 0.19% 287,275 $51.2M Add +1359.7%
WDC Western Digital Corp. 0.18% 408,877 $49.1M Reduce -49.2%
BE Bloom Energy Corp. Class A 0.18% 575,315 $48.7M Add +806.9%
SCHW Schwab (charles) Corp. 0.17% 489,347 $46.7M Add +151.4%
RBLX Roblox Corp. Class A 0.17% 329,317 $45.6M Add +111.7%
NFLX Netflix Inc. 0.17% 37,550 $45.0M Reduce -56.6%
EW Edwards Lifesciences Corp. 0.17% 578,112 $45.0M Add +2757.1%
BDX Becton Dickinson and Co. 0.17% 238,799 $44.7M Add +46.9%
BRK.A Berkshire Hathaway Inc. Class A 0.17% 59 $44.5M Reduce -1.7%
FISV Fiserv Inc. 0.17% 344,872 $44.5M Add +865.1%
KO The Coca-Cola Co. 0.16% 668,136 $44.3M Add +173.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 155,174 $43.8M Add +200.5%
RCL Royal Caribbean Cruises Ltd. 0.16% 130,491 $42.2M Reduce -54.5%
ISRG Intuitive Surgical Inc. 0.15% 93,154 $41.7M Add +1356.9%
AES AES Corp. 0.15% 3,126,053 $41.1M Add +369.8%
ESTC Elastic NV 0.15% 483,138 $40.8M Add +30.5%
PFE Pfizer Inc. 0.15% 1,591,257 $40.5M Add +109.3%
AXP American Express Co. 0.15% 120,128 $39.9M Reduce -6.9%
PDD PDD Holdings Inc. 0.15% 301,450 $39.8M Add +203.1%
BSX Boston Scientific Corp. 0.15% 405,743 $39.6M Add +251.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.14% 83,102 $38.5M Reduce -26.0%
UNP Union Pacific Corp. 0.14% 162,550 $38.4M Add +903.3%
IP International Paper Co. 0.14% 816,388 $37.9M Reduce -15.3%
HWM Howmet Aerospace Inc. 0.14% 189,520 $37.2M Reduce -27.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.14% 256,300 $37.0M Add +130.9%
NTAP Netapp Inc. 0.14% 312,193 $37.0M Add +6.6%
VZ Verizon Communications Inc. 0.14% 835,446 $36.7M Reduce -16.0%
MS Morgan Stanley 0.14% 230,512 $36.6M Reduce -33.6%
UPS United Parcel Service Class B 0.14% 438,132 $36.6M Reduce -41.3%
FDX FedEx Corp. 0.14% 154,563 $36.4M Add +417.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.14% 705,290 $36.4M Add +815.2%
CCEP Coca-Cola Europacific Partne 0.14% 402,068 $36.4M Add +14.4%
COIN Coinbase Global Inc. Class A 0.13% 106,449 $35.9M Add +187.2%
BIDU Baidu Inc. - Spon ADR 0.13% 271,319 $35.8M Reduce -20.3%
EFA iShares MSCI Eafe ETF 0.13% 380,013 $35.5M Reduce -63.3%
XRT SS SPDR S&P Retail ETF 0.13% 410,606 $35.4M Add +3648.5%
PG The Procter & Gamble Co. 0.13% 228,921 $35.2M Add +390.3%
CRCL Circle Internet Group Inc. 0.13% 265,126 $35.1M Add +169.9%
FLEX Flex Ltd. 0.13% 597,899 $34.7M Add +192.7%
PAYC Paycom Software Inc. 0.13% 166,022 $34.6M Add +6.8%
XOP SS SPDR S&P Og Exp & Prod 0.12% 253,594 $33.5M Add +792.5%
GDX Vaneck Gold Miners ETF 0.12% 427,742 $32.7M Reduce -26.5%
LSCC Lattice Semiconductor Corp. 0.12% 431,907 $31.7M Reduce -8.3%

Show all 2,770 holdings

Options reported separately and not counted above: NVIDIA CORPORATION calls ($136.2M), TESLA INC calls ($124.9M), LUMENTUM HLDGS INC calls ($107.4M), INVESCO QQQ TR calls ($104.5M), ZSCALER INC puts ($104.0M), SPDR GOLD TR calls ($97.5M), LUMENTUM HLDGS INC puts ($95.2M), CLOUDFLARE INC puts ($90.0M), CLOUDFLARE INC calls ($84.0M), SEA LTD calls ($66.2M), RUBRIK INC. puts ($66.2M), ISHARES TR calls ($54.1M), and 495 more.

Other holdings (77): bonds, preferreds, convertibles and warrants · $245.8M (not counted above)
SecurityClassShares / PrincipalValueChange
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 550,000$68.6MAdd +120.0%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 265,680$63.6MNo change
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 130,000$36.7MNo change
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 76,000$9.7MNo change
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 43,460$4.0MReduce -25.7%
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 33,850$3.7MAdd +21.5%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 23,880$3.5MNo change
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal 30,090$3.2MAdd +69.1%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 17,000$2.8MAdd +87.6%
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 23,000$2.6MReduce -91.0%
NABORS INDUSTRIES INC (NBR 1.75 06/15/29) NOTE 1.750% 6/1 · principal 30,720$2.2MNo change
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 22,890$2.2MNew
ITRON INC (ITRI 0 03/15/26) NOTE 3/1 · principal 19,920$2.1MNo change
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 22,400$2.1MNo change
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 20,400$2.0MAdd +41.7%
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 14,750$2.0MNo change
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 20,000$1.9MNo change
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 12,800$1.6MNo change
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal 15,670$1.6MAdd +62.0%
FIVE9 INC (FIVN 1 03/15/29) NOTE 1.000% 3/1 · principal 18,070$1.6MNo change
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 14,680$1.5MNo change
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 14,750$1.5MNo change
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 10,000$1.5MNo change
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 15,000$1.5MNew
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 14,860$1.5MNew
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 55,950$1.4MNo change
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal 14,200$1.4MNo change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 14,530$1.3MNo change
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal 12,500$1.3MReduce -66.8%
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 12,000$1.2MReduce -50.0%
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 10,000$1.0MNo change
BENTLEY SYSTEMS (BSY 0.375 07/01/27) NOTE 0.375% 7/0 · principal 10,200$962KNo change
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 8,840$930KNo change
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 9,800$881KReduce -55.0%
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 9,000$862KNo change
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 8,300$820KNo change
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 8,500$788KNo change
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal 8,990$773KNo change
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 6,000$708KNew
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 6,000$665KReduce -97.3%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 6,070$665KNo change
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal 6,640$654KNew
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal 6,000$643KNew
NE.WS Noble Corp. PLC-28 *W EXP 02/04/202 34,812$590KNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 430$550KNo change
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 200,000$443KNew
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal 212,680$417KReduce -23.0%
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal 3,380$325KNo change
NOBLE CORP PLC-28 *W EXP 02/04/202 34,812$284KNo change
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 180,000$245KNo change
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal 150,000$191KNo change
SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal 64,420$91KAdd +87.2%
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) NOTE 1.000%12/0 · principal 51,940$45KNo change
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal 14,750$33KNo change
THE REALREAL INC (REAL 4 02/15/31) DEBT 4.000% 2/1 · principal 18,000$22KNew
Q2 HOLDINGS INC (QTWO 0.125 11/15/25) NOTE 0.125%11/1 · principal 20,880$21KNo change
XOMETRY INC (XMTR 1 02/01/27) NOTE 1.000% 2/0 · principal 15,600$19KNo change
BOX INC (BOX 0 01/15/26) NOTE 1/1 · principal 14,000$17KNo change
SHAKE SHACK INC (SHAK 0 03/01/28) NOTE 3/0 · principal 18,150$17KNo change
FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) NOTE 0.375% 1/1 · principal 14,900$16KAdd +152.5%
BILL HOLDINGS INC (BILL 0 12/01/25) NOTE 12/0 · principal 15,740$15KNo change
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal 17,000$14KNo change
IQIYI INC (IQ 6.5 03/15/28) NOTE 6.500% 3/1 · principal 14,000$14KNew
EVOLENT HEALTH INC (EVH 3.5 12/01/29) NOTE 3.500%12/0 · principal 15,000$12KNo change
APPLIED OPTOELECTRONICS INC NOTE 2.750% 1/1 · principal 12,000$12KNo change
RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal 12,500$12KNo change
BLOOM ENERGY CORP (BE 3 06/01/28) NOTE 3.000% 6/0 · principal 24,510$11KNo change
GREEN PLAINS INC (GPRE 2.25 03/15/27) NOTE 2.250% 3/1 · principal 11,250$11KNew
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 10,220$10KReduce -37.0%
NEOGENOMICS INC (NEO 0.25 01/15/28) NOTE 0.250% 1/1 · principal 11,000$9KAdd +69.2%
PENNYMAC CORP (PMT 8.5 06/01/29) NOTE 8.500% 6/0 · principal 8,770$9KNo change
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) NOTE 2.500% 2/0 · principal 9,000$8KNew
VERITONE INC (VERI 1.75 11/15/26) NOTE 1.750%11/1 · principal 8,930$6KAdd +101.6%
JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) NOTE 2.500% 9/0 · principal 6,000$6KNew
CELCUITY INC (CELC 2.75 08/01/31) NOTE 2.750% 8/0 · principal 4,200$6KNew
CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) NOTE 0.625% 6/1 · principal 4,420$4KNo change
WEIBO CORP (WB 1.375 12/01/30) NOTE 1.375%12/0 · principal 3,000$4KNo change

Total filed on the 13F, all lines: $27.2B.

Portfolio Sells Q2 2025 → Q3 2025
AAPL Apple Inc. Reduce -58.9% 5.11% −6.92
IVV iShares Core S&P 500 ETF Reduce -99.5% 0.01% −2.28
DIS The Walt Disney Co. Reduce -99.8% 0.00% −1.36
AMZN Amazon.com Inc. Reduce -49.1% 0.49% −0.67
ORCL Oracle Corp. Reduce -98.2% 0.01% −0.61
NVDA Nvidia Corp. Reduce -28.1% 1.45% −0.61
ROP Roper Technologies Inc. Reduce -82.0% 0.09% −0.60
IWM iShares Russell 2000 ETF Reduce -61.2% 0.30% −0.53
XLC SS Comm Select Sector SPDR Reduce -88.8% 0.05% −0.46
TT Trane Technologies PLC Reduce -98.6% 0.00% −0.44
JNJ Johnson & Johnson Reduce -80.7% 0.09% −0.38
ADBE Adobe Inc. Reduce -78.5% 0.07% −0.37
NFLX Netflix Inc. Reduce -56.6% 0.17% −0.35
INTU Intuit Inc. Reduce -91.2% 0.02% −0.34
DLR Digital Realty Trust Inc. Reduce -97.8% 0.01% −0.31
AMAT Applied Materials Inc. Reduce -94.1% 0.02% −0.31
COF Capital One Financial Corp. Reduce -92.5% 0.02% −0.30
EFA iShares MSCI Eafe ETF Reduce -63.3% 0.13% −0.28
INCY Incyte Corp. Reduce -97.3% 0.01% −0.28
ETN Eaton Corp. PLC Reduce -94.4% 0.01% −0.28
HON Honeywell International Inc. Reduce -96.0% 0.01% −0.28
MSTR Strategy Inc. Reduce -23.8% 0.27% −0.26
RCL Royal Caribbean Cruises Ltd. Reduce -54.5% 0.16% −0.24
MDT Medtronic PLC Reduce -85.0% 0.04% −0.24
CRH CRH PLC Reduce -97.2% 0.01% −0.21
UPS United Parcel Service Class B Reduce -41.3% 0.14% −0.20
ELV Elevance Health Inc. Reduce -96.6% 0.00% −0.19
MDY State Street SPDR S&P Midcap Reduce -64.7% 0.08% −0.18
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -31.4% 0.24% −0.18
CME Cme Group Inc. Reduce -71.3% 0.05% −0.18
EXR Extra Space Storage Inc. Reduce -79.7% 0.03% −0.18
QQQ Invesco QQQ Trust Series 1 Reduce -29.7% 0.30% −0.17
CMG Chipotle Mexican Grill Inc. Reduce -31.7% 0.11% −0.17
EQT Eqt Corp. Reduce -78.6% 0.03% −0.16
HLT Hilton Worldwide Holdings Inc. Reduce -55.4% 0.09% −0.15
CP Canadian Pacific Kansas City Reduce -98.1% 0.00% −0.15
UBER Uber Technologies Inc. Reduce -78.2% 0.03% −0.15
TDG Transdigm Group Inc. Reduce -89.4% 0.01% −0.14
CDW CDW Corp. Reduce -85.2% 0.02% −0.14
FXI iShares China Large-Cap ETF Reduce -63.5% 0.07% −0.14
VRTX Vertex Pharmaceuticals Inc. Reduce -48.1% 0.09% −0.14
NOC Northrop Grumman Corp. Reduce -96.5% 0.01% −0.14
WAT Waters Corp. Reduce -93.7% 0.01% −0.14
ROST Ross Stores Inc. Reduce -78.1% 0.04% −0.14
ATAT Atour Lifestyle Holdings-ADR Reduce -64.9% 0.07% −0.13
ABBV Abbvie Inc. Reduce -38.6% 0.23% −0.13
CDNS Cadence Design SYS Inc. Reduce -93.8% 0.01% −0.13
DUK Duke Energy Corp. Reduce -97.5% 0.00% −0.13
CB Chubb Ltd. Reduce -51.0% 0.08% −0.13
PLTR Palantir Technologies Inc. Class A Reduce -59.0% 0.11% −0.13

Portfolio Buys Q2 2025 → Q3 2025
META Meta Platforms Inc. Class A Add +134.6% 8.54% +4.14
AVGO Broadcom Inc. Add +31.8% 13.16% +3.13
UNH Unitedhealth Group Inc. Add +226.6% 2.66% +1.77
V Visa Inc. Class A Add +1978.5% 1.29% +1.21
CSCO Cisco Systems Inc. Add +117.8% 2.51% +1.10
BA The Boeing Co. Add +2648.4% 0.96% +0.92
TSLA Tesla Inc. Add +71.0% 1.80% +0.90
GOOG Alphabet Inc. Class C Add +8.8% 3.87% +0.75
NXPI NXP Semiconductors NV Add +307.7% 1.00% +0.72
ADI Analog Devices Inc. Add +684.6% 0.79% +0.67
CRM Salesforce Inc. Add +2971.7% 0.70% +0.67
NKE Nike Inc. Class B Add +788.4% 0.70% +0.60
NVO Novo-Nordisk A/S-Spons ADR Add +2101.5% 0.49% +0.46
WMT Walmart Inc. Add +97.5% 1.00% +0.42
SPY SS SPDR S&P 500 ETF Trust-US Add +545.8% 0.43% +0.35
HOOD Robinhood Markets Inc. Class A Add +216.4% 0.47% +0.35
MRK Merck & Co. Inc. Add +494.0% 0.39% +0.31
PANW Palo Alto Networks Inc. Add +44.3% 1.91% +0.31
EA Electronic Arts Inc. Add +1123.9% 0.31% +0.29
GLD SPDR Gold Shares Add +32.0% 1.28% +0.28
ASML ASML Holding NV-NY Reg SHS Add +46.6% 0.80% +0.26
CSX CSX Corp. Add +281.4% 0.36% +0.25
QCOM Qualcomm Inc. Add +309.6% 0.35% +0.25
SE Sea Ltd.-ADR Add +417.0% 0.31% +0.24
SJM The JM Smucker Co. Add +21496.3% 0.24% +0.24
GILD Gilead Sciences Inc. Add +1283.7% 0.25% +0.23
COST Costco Wholesale Corp. Add +888.2% 0.25% +0.22
SLV iShares Silver Trust Add +35.7% 0.62% +0.19
NEE Nextera Energy Inc. Add +121.4% 0.38% +0.19
BMY Bristol-Myers Squibb Co. Add +237.0% 0.28% +0.18
WELL Welltower Inc. Add +1359.7% 0.19% +0.18
BE Bloom Energy Corp. Class A Add +806.9% 0.18% +0.17
SO The Southern Co. Add +448.8% 0.22% +0.17
ABT Abbott Laboratories Add +195.3% 0.29% +0.17
BKNG Booking Holdings Inc. Add +103.3% 0.45% +0.17
EW Edwards Lifesciences Corp. Add +2757.1% 0.17% +0.16
ISRG Intuitive Surgical Inc. Add +1356.9% 0.15% +0.14
FISV Fiserv Inc. Add +865.1% 0.17% +0.14
XRT SS SPDR S&P Retail ETF Add +3648.5% 0.13% +0.13
UNP Union Pacific Corp. Add +903.3% 0.14% +0.13
AES AES Corp. Add +369.8% 0.15% +0.12
GPN Global Payments Inc. Add +157.0% 0.22% +0.12
BAC Bank of America Corp. Add +815.2% 0.14% +0.12
XOP SS SPDR S&P Og Exp & Prod Add +792.5% 0.12% +0.11
FDX FedEx Corp. Add +417.4% 0.14% +0.11
AGG iShares Core U.S. Aggregate New 0.10% +0.10
PDD PDD Holdings Inc. Add +203.1% 0.15% +0.10
PG The Procter & Gamble Co. Add +390.3% 0.13% +0.10
RBLX Roblox Corp. Class A Add +111.7% 0.17% +0.10
IBM Intl Business Machines Corp. Add +200.5% 0.16% +0.09

Options Activity Q2 2025 → Q3 2025
NVIDIA CORPORATION call Reduce -4.0% 2,995,200 $136.2M
TESLA INC call Add +1.3% 1,298,800 $124.9M
LUMENTUM HLDGS INC call New 1,150,000 $107.4M
INVESCO QQQ TR call Add +27.1% 1,287,000 $104.5M
ZSCALER INC put Add +840.4% 773,000 $104.0M
SPDR GOLD TR call Add +56.3% 1,607,700 $97.5M
LUMENTUM HLDGS INC put New 1,150,000 $95.2M
CLOUDFLARE INC put Add +3.8% 1,038,200 $90.0M
CLOUDFLARE INC call Add +1.0% 1,009,800 $84.0M
SEA LTD call Add +5.1% 651,500 $66.2M
RUBRIK INC. put New 1,200,000 $66.2M
ISHARES TR call Reduce -17.7% 3,947,500 $54.1M
NETFLIX INC. call Add +64.2% 365,200 $49.0M
RUBRIK INC. call New 1,200,000 $38.2M
EURONET WORLDWIDE INC put New 1,000,000 $35.2M
ZSCALER INC call Add +332.8% 761,700 $33.6M
APPLE INC call Add +74.2% 1,830,100 $31.4M
ISHARES TR put Add +8.6% 8,991,000 $31.3M
ALIBABA GROUP HLDG LTD call Reduce -28.4% 556,700 $31.2M
NVIDIA CORPORATION put Add +13.6% 5,098,000 $29.9M
TAIWAN SEMICONDUCTOR MANUFAC call Reduce -2.2% 320,000 $26.9M
CATERPILLAR INC call Add +662.0% 678,900 $26.5M
ALPHABET INC call Reduce -41.9% 685,100 $26.1M
PALANTIR TECHNOLOGIES INC call Add +76.7% 973,200 $24.9M
STRATEGY INC call Add +7.7% 143,500 $20.6M
ORACLE CORP call Reduce -19.8% 214,900 $20.5M
STATE STR SPDR S&P 500 ETF T call Reduce -16.8% 206,000 $19.6M
JOHNSON & JOHNSON call Add +1374.1% 1,373,900 $19.1M
ABBVIE INC call Add +1253.0% 1,301,600 $18.8M
BROADCOM INC call Add +6.5% 144,700 $17.2M
APPLOVIN CORP call Add +299.0% 199,500 $16.8M
ADVANCED MICRO DEVICES INC call Reduce -8.0% 1,240,000 $16.1M
INVESCO QQQ TR put Reduce -5.0% 2,480,000 $15.7M
UNITEDHEALTH GROUP INC put Add +90062.5% 1,442,600 $15.6M
STATE STR SPDR S&P 500 ETF T put Reduce -1.0% 2,670,500 $14.1M
ALPHABET INC call Reduce -18.9% 364,600 $13.3M
WESTERN DIGITAL CORP call Add +1477.8% 320,300 $12.9M
MICROSOFT CORP call Add +7.9% 341,700 $11.5M
RTX CORPORATION call Add +59.4% 1,047,000 $11.3M
GE AEROSPACE call Add +691.6% 328,500 $11.1M
ISHARES SILVER TR call Add +277.6% 2,148,600 $10.1M
ISHARES TR call Add +0.9% 1,677,400 $10.1M
META PLATFORMS INC call Add +50.1% 190,300 $10.1M
ROBLOX CORP call Add +300.7% 358,200 $10.1M
AMAZON COM INC call Add +45.0% 1,337,900 $10.0M
EURONET WORLDWIDE INC call New 1,000,000 $9.8M
ARISTA NETWORKS INC call Reduce -30.1% 203,400 $9.5M
BOOKING HOLDINGS INC call Reduce -3.1% 6,200 $9.0M
PDD HOLDINGS INC call Add +12.5% 276,500 $8.8M
INTERNATIONAL BUSINESS MACHS call Add +4792.3% 572,400 $8.7M

Showing the first 50 of 435.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal Add +120.0% 550,000 $68.6M
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal Sold out 145,620 $18.5Mbefore exit
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Sold out 42,050 $5.0Mbefore exit
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal Reduce -25.7% 43,460 $4.0M
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal Add +21.5% 33,850 $3.7M
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal Add +69.1% 30,090 $3.2M
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal Sold out 29,500 $3.0Mbefore exit
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Add +87.6% 17,000 $2.8M
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal Reduce -91.0% 23,000 $2.6M
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Sold out 23,600 $2.5Mbefore exit
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal Sold out 25,400 $2.5Mbefore exit
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal Sold out 22,520 $2.3Mbefore exit
MIDDLEBY CORP (MIDD 1 09/01/25) NOTE 1.000% 9/0 · principal Sold out 19,400 $2.2Mbefore exit
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal Sold out 21,750 $2.2Mbefore exit
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal New 22,890 $2.2M
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal Add +41.7% 20,400 $2.0M
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Sold out 15,000 $1.9Mbefore exit
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal Sold out 19,960 $1.9Mbefore exit
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal Add +62.0% 15,670 $1.6M
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal New 15,000 $1.5M
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal Sold out 15,000 $1.5Mbefore exit
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal New 14,860 $1.5M
PDD HOLDINGS INC (PDD 0 12/01/25) NOTE 12/0 · principal Reduce -66.8% 12,500 $1.3M
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal Reduce -50.0% 12,000 $1.2M
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal Reduce -55.0% 9,800 $881K
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal New 6,000 $708K
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal Reduce -97.3% 6,000 $665K
CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) NOTE 5.125%11/1 · principal New 6,640 $654K
JD.COM INC (JD 0.25 06/01/29) NOTE 0.250% 6/0 · principal New 6,000 $643K
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal New 200,000 $443K
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal Reduce -23.0% 212,680 $417K
SSR MINING INC (SSRMCN 2.5 04/01/39) NOTE 2.500% 4/0 · principal Add +87.2% 64,420 $91K
TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) DEB 4.625% 9/3 · principal Sold out 56,950 $61Kbefore exit
CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) NOTE 4.500% 8/1 · principal Sold out 27,880 $59Kbefore exit
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal Sold out 26,880 $38Kbefore exit
WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal Sold out 20,000 $27Kbefore exit
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal Sold out 26,410 $26Kbefore exit
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal Sold out 21,520 $24Kbefore exit
THE REALREAL INC (REAL 4 02/15/31) DEBT 4.000% 2/1 · principal New 18,000 $22K
UPWORK INC (UPWK 0.25 08/15/26) NOTE 0.250% 8/1 · principal Sold out 21,170 $20Kbefore exit
PORCH GROUP INC (PRCH 9 05/15/30) DEBT 9.000% 5/1 · principal Sold out 15,000 $19Kbefore exit
FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) NOTE 0.375% 1/1 · principal Add +152.5% 14,900 $16K
IQIYI INC (IQ 6.5 03/15/28) NOTE 6.500% 3/1 · principal New 14,000 $14K
GREEN PLAINS INC (GPRE 2.25 03/15/27) NOTE 2.250% 3/1 · principal New 11,250 $11K
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal Reduce -37.0% 10,220 $10K
LYFT INC (LYFT 0.625 03/01/29) NOTE 0.625% 3/0 · principal Sold out 8,850 $10Kbefore exit
THE REALREAL INC (REAL 1 03/01/28) NOTE 1.000% 3/0 · principal Sold out 11,860 $9Kbefore exit
NEOGENOMICS INC (NEO 0.25 01/15/28) NOTE 0.250% 1/1 · principal Add +69.2% 11,000 $9K
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal Sold out 9,000 $9Kbefore exit
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) NOTE 2.500% 2/0 · principal New 9,000 $8K

Showing the first 50 of 55.

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2,768$172.9BNVDA, MU, MSFT, AMZN, AAPL
Q1 2026 2,659$90.1BAVGO, GOOGL, JPM, MU, META
Q4 2025 2,941$75.4BNVDA, AVGO, AAPL, MSFT, GOOGL
Q3 2025 2,770$26.9BAVGO, META, GOOGL, AAPL, GOOG
Q2 2025 2,408$22.4BAAPL, AVGO, GOOGL, META, GOOG
Q1 2025 2,898$29.0BAAPL, AVGO, META, GOOGL, IVV
Q4 2024 2,575$22.8BAAPL, AVGO, GOOGL, META, GOOG
Q3 2024 2,871$26.0BAAPL, META, SPY, AVGO, GOOGL
Q2 2024 2,300$15.5BAAPL, SPY, AVGO, IWM, AMZN
Q1 2024 2,448$19.2BAAPL, MSFT, QQQ, SPY, NVDA