Steward Partners Investment Advisory, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Steward Partners Investment Advisory, LLC reported 4,237 stock positions worth $18.2 billion. Its top holding was Apple (AAPL) at 3.3% of the portfolio, followed by Nvidia (NVDA, 3.0%) and Alphabet Class A (GOOGL, 2.4%). Compared with Q3 2025, it opened 242 new positions, sold out of 200, added to 1,567 and reduced 1,377. The biggest buy was iShares Core MSCI Emerging (IEMG, shares +69%) and the biggest sale Innovator U.S. Equity Power (POCT, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001723397
- Portfolio Value
- $18.2B (Q4 2025)
- SEC Filing
- 0001723397-26-000001 ↗ filed Feb 12, 2026
Holdings Value
Holdings 4,237 stocks · $18.2B
| AAPL Apple Inc. | 3.32% | 2,228,272 | $605.8M | Add +1.3% |
| NVDA Nvidia Corp. | 3.03% | 2,963,950 | $552.8M | Reduce -4.8% |
| GOOGL Alphabet Inc. Class A | 2.44% | 1,421,757 | $445.0M | Reduce -2.6% |
| MSFT Microsoft Corp. | 2.40% | 902,824 | $436.6M | Add +10.0% |
| META Meta Platforms Inc. Class A | 2.36% | 651,123 | $429.8M | Add +4.8% |
| IVV iShares Core S&P 500 ETF | 2.34% | 622,585 | $426.4M | Add +0.5% |
| AMZN Amazon.com Inc. | 2.25% | 1,779,832 | $410.8M | Add +3.6% |
| AGG iShares Core U.S. Aggregate | 2.18% | 3,981,548 | $397.7M | Add +8.5% |
| VOO Vanguard S&P 500 ETF | 1.68% | 489,170 | $306.8M | Add +4.4% |
| JPM JPMorgan Chase & Co. | 1.64% | 930,086 | $299.7M | Reduce -0.0% |
| IEFA iShares Core MSCI Eafe ETF | 1.39% | 2,835,231 | $253.6M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.32% | 352,182 | $240.2M | Add +12.3% |
| GLD SPDR Gold Shares | 1.28% | 590,889 | $234.2M | Reduce -5.2% |
| IEMG iShares Core MSCI Emerging | 1.21% | 3,285,434 | $220.8M | Add +69.4% |
| IJH iShares Core S&P Midcap ETF | 1.11% | 3,079,521 | $203.2M | Add +6.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.08% | 319,166 | $196.1M | Add +3.8% |
| AVGO Broadcom Inc. | 1.06% | 558,637 | $193.3M | Add +3.5% |
| IJR iShares Core S&P Small-Cap E | 1.05% | 1,587,359 | $190.8M | Add +3.6% |
| GOOG Alphabet Inc. Class C | 0.92% | 535,855 | $168.2M | Add +2.0% |
| IVW iShares S&P 500 Growth ETF | 0.91% | 1,340,737 | $165.3M | Reduce -14.2% |
| V Visa Inc. Class A | 0.88% | 457,492 | $160.4M | Add +2.2% |
| IWF iShares Russell 1000 Growth | 0.82% | 314,465 | $148.8M | Reduce -8.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.75% | 271,852 | $136.6M | Add +13.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.67% | 1,472,724 | $122.0M | Reduce -17.0% |
| COST Costco Wholesale Corp. | 0.66% | 139,252 | $120.1M | Add +5.0% |
| JNJ Johnson & Johnson | 0.62% | 543,598 | $112.5M | Add +0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.61% | 227,342 | $110.9M | Add +0.4% |
| WMT Walmart Inc. | 0.58% | 950,921 | $105.9M | Add +2.1% |
| VIG Vanguard Dividend Apprec ETF | 0.57% | 471,538 | $103.6M | Add +4.1% |
| IGM iShares Expanded Tech Sector | 0.56% | 784,414 | $101.3M | Reduce -6.9% |
| DGRW Wisdomtree U.S. Quality Divi | 0.53% | 1,084,638 | $97.0M | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.51% | 405,076 | $92.6M | Add +14.0% |
| UBER Uber Technologies Inc. | 0.49% | 1,088,488 | $88.9M | Add +2.9% |
| TSLA Tesla Inc. | 0.47% | 192,381 | $86.5M | Add +2.6% |
| SYK Stryker Corp. | 0.47% | 243,233 | $85.5M | Add +6.0% |
| LLY Eli Lilly & Co. | 0.47% | 78,879 | $84.8M | Add +4.5% |
| FLQL Franklin U.S. Large Cap Mult | 0.44% | 1,166,393 | $80.9M | Add +9.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.44% | 416,342 | $79.5M | Add +2.2% |
| EMB iShares JP Morgan Usd Emergi | 0.42% | 802,225 | $77.2M | Add +7.7% |
| HD Home Depot Inc. | 0.42% | 222,869 | $76.7M | Reduce -15.6% |
| PJAN Innovator U.S. Equity Power | 0.42% | 1,623,085 | $76.3M | Add +1235.6% |
| PANW Palo Alto Networks Inc. | 0.41% | 409,391 | $75.4M | Reduce -8.2% |
| CVX Chevron Corp. | 0.41% | 494,482 | $75.4M | Add +4.5% |
| MCD McDonald's Corp. | 0.41% | 242,317 | $74.1M | Add +5.0% |
| VYM Vanguard High DVD Yield ETF | 0.38% | 480,281 | $68.9M | Add +1.1% |
| IWD iShares Russell 1000 Value E | 0.36% | 309,939 | $65.2M | Add +0.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 194,223 | $65.1M | Add +0.4% |
| XOM Exxon Mobil Corp. | 0.36% | 539,575 | $64.9M | Reduce -0.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.34% | 666,308 | $62.7M | Reduce -5.4% |
| IAU iShares Gold Trust | 0.33% | 732,603 | $59.5M | Add +3.7% |
| CAT Caterpillar Inc. | 0.33% | 103,773 | $59.4M | Add +2.8% |
| VZ Verizon Communications Inc. | 0.32% | 1,435,992 | $58.5M | Add +7.2% |
| VHT Vanguard Health Care ETF | 0.32% | 201,882 | $58.1M | Add +7.9% |
| JEPI JPMorgan Equity Premium Inco | 0.32% | 1,009,369 | $57.8M | Add +2.6% |
| QUAL iShares MSCI USA Quality Fac | 0.31% | 288,830 | $57.4M | Reduce -9.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.31% | 120,029 | $56.3M | Reduce -1.7% |
| FLOT iShares Floating Rate Bond E | 0.31% | 1,105,485 | $56.2M | Add +15.6% |
| VNQ Vanguard Real Estate ETF | 0.30% | 620,337 | $54.9M | Add +14.9% |
| PLTR Palantir Technologies Inc. Class A | 0.30% | 308,604 | $54.9M | Reduce -1.5% |
| NFLX Netflix Inc. | 0.30% | 577,314 | $54.1M | Add +13.0% |
| IYF iShares US Financials ETF | 0.30% | 418,874 | $54.0M | Add +32.1% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 854,504 | $53.4M | Add +3.6% |
| XLK SS Technology Select Sector | 0.29% | 361,790 | $52.1M | Reduce -17.4% |
| OEF iShares S&P 100 ETF | 0.28% | 150,279 | $51.5M | Reduce -0.7% |
| PFF iShares Preferred & Income S | 0.28% | 1,645,716 | $51.0M | Add +9.8% |
| IWR iShares Russell Mid-Cap ETF | 0.28% | 528,873 | $50.9M | Add +8.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 175,079 | $50.8M | Reduce -3.4% |
| XLE SS Energy Select Sector | 0.28% | 1,132,716 | $50.6M | Add +3.9% |
| BABA Alibaba Group Holding-SP ADR | 0.28% | 343,098 | $50.3M | Reduce -7.8% |
| BTC Grayscale Bitcoin Mini ETF | 0.28% | 1,297,393 | $50.2M | Add +20.4% |
| ORCL Oracle Corp. | 0.27% | 252,911 | $49.3M | Add +5.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.26% | 518,021 | $47.3M | Add +32.2% |
| RSP Invesco S&P 500 Equal Weight | 0.26% | 245,890 | $47.1M | Add +4.6% |
| DGRO iShares Core Dividend Growth | 0.25% | 667,857 | $46.4M | Add +1.5% |
| GSLC Goldman Activebeta US LC ETF | 0.25% | 347,021 | $45.9M | Reduce -1.9% |
| MA Mastercard Inc. Class A | 0.25% | 80,407 | $45.9M | Add +2.0% |
| APLU Allspring Core Plus ETF | 0.25% | 1,817,616 | $45.4M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 150,779 | $44.7M | Reduce -2.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 390,875 | $44.5M | Add +22.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.24% | 729,993 | $44.4M | Add +43.5% |
| CSCO Cisco Systems Inc. | 0.24% | 576,089 | $44.4M | Add +1.6% |
| IDU iShares US Utilities ETF | 0.24% | 404,651 | $43.8M | Add +6.1% |
| GEV GE Vernova Inc. | 0.24% | 66,687 | $43.6M | Add +5.8% |
| SCHD Schwab US DVD Equity ETF | 0.23% | 1,561,148 | $42.8M | Reduce -23.3% |
| VGT Vanguard Info Tech ETF | 0.23% | 55,993 | $42.2M | Reduce -6.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 765,057 | $42.1M | Reduce -1.1% |
| SGOV iShares 0-3 Month Treasury B | 0.23% | 417,402 | $41.9M | Add +10.7% |
| USFR Wisdomtree Floating Rate Tre | 0.23% | 830,825 | $41.8M | Add +5.2% |
| CRM Salesforce Inc. | 0.22% | 153,790 | $40.7M | Add +5.5% |
| PG The Procter & Gamble Co. | 0.22% | 281,131 | $40.3M | Add +5.2% |
| GS Goldman Sachs Group Inc. | 0.22% | 45,651 | $40.1M | Add +11.9% |
| XLV SS Health Care Select Sector | 0.22% | 253,314 | $39.2M | Add +148.9% |
| FSLR First Solar Inc. | 0.21% | 148,256 | $38.7M | Add +3.1% |
| ETN Eaton Corp. PLC | 0.20% | 117,302 | $37.4M | Reduce -1.4% |
| RDVY First Trust Rising Dividend | 0.20% | 535,903 | $37.2M | Reduce -3.7% |
| COWZ Pacer US Cash Cows 100 ETF | 0.20% | 605,659 | $36.4M | Reduce -14.2% |
| DIVB iShares Core Dividend ETF | 0.20% | 683,830 | $36.3M | Add +1.8% |
| IYK iShares US Consumer Staples | 0.20% | 538,120 | $36.0M | Add +10.8% |
| HDV iShares Core High Dividend E | 0.20% | 296,114 | $36.0M | Add +1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 234,288 | $36.0M | Add +8.5% |
Other holdings (70): bonds, preferreds, convertibles and warrants · $8.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 34,061 | $1.7M | Add +19.3% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 32,599 | $1.7M | Add +10.9% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 17,875 | $1.4M | Reduce -7.5% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 46,225 | $882K | Reduce -10.0% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 12,011 | $829K | Add +21.6% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 7,213 | $545K | Reduce -3.4% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 207 | $251K | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 1,574 | $105K | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 1,724 | $102K | Reduce -56.9% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 4,898 | $94K | Reduce -1.8% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 2,000 | $82K | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 57,000 | $80K | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 73,000 | $76K | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 60 | $75K | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 67,000 | $75K | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 1,311 | $68K | Add +27.0% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 70,000 | $67K | No change |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 1,375 | $67K | Add +66.7% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 65,000 | $67K | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 40,000 | $44K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 42,000 | $40K | No change |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 46,000 | $39K | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 25,000 | $30K | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 24,000 | $26K | No change |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 800 | $24K | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 25,000 | $23K | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 23,000 | $23K | No change |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 22,000 | $23K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 1,100 | $21K | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 400 | $10K | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 6,000 | $8K | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 6,000 | $8K | No change |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 7,000 | $7K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 7,000 | $7K | No change |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 6,000 | $6K | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 6,000 | $6K | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 6,000 | $6K | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 6,000 | $6K | No change |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 6,000 | $5K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 5,000 | $5K | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 4,000 | $5K | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 5,000 | $5K | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 4,000 | $4K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 4,000 | $4K | No change |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 4,000 | $4K | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 4,000 | $4K | No change |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 4,000 | $4K | No change |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 154 | $3K | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 3,000 | $3K | No change |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 1,017 | $3K | Reduce -11.5% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 2,000 | $3K | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,000 | $3K | No change |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 2,000 | $3K | No change |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 2,000 | $3K | No change |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 1,000 | $3K | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 2,000 | $3K | No change |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 2,000 | $2K | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 2,000 | $2K | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 2,000 | $2K | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 2,000 | $2K | Reduce -50.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 2,000 | $2K | No change |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 2,000 | $2K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 2,000 | $2K | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,000 | $1K | No change |
| OPENW Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 58 | $52 | No change |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 57 | $30 | New |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | 58 | $23 | New |
| INVZW Innoviz Technologies -CW26 | *W EXP 04/05/202 | 1,000 | $20 | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 4 | $11 | New |
| UWM HOLDINGS CORPORATION | *W EXP 01/21/202 | 25 | $0 | No change |
Lines left out (1) · $3 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| CRF Cornerstone Total Return | COM | 0 | $3 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $18.2B.
Portfolio Sells Q3 2025 → Q4 2025
| POCT Innovator U.S. Equity Power | Reduce -99.5% | 0.00% | −0.36 |
| NVDA Nvidia Corp. | Reduce -4.8% | 3.03% | −0.30 |
| HD Home Depot Inc. | Reduce -15.6% | 0.42% | −0.19 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -17.0% | 0.67% | −0.18 |
| IVW iShares S&P 500 Growth ETF | Reduce -14.2% | 0.91% | −0.18 |
| WIX Wix.com Ltd. | Reduce -99.8% | 0.00% | −0.15 |
| IWF iShares Russell 1000 Growth | Reduce -8.9% | 0.82% | −0.11 |
| PANW Palo Alto Networks Inc. | Reduce -8.2% | 0.41% | −0.11 |
| BABA Alibaba Group Holding-SP ADR | Reduce -7.8% | 0.28% | −0.11 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -85.2% | 0.02% | −0.10 |
| GXC State Street SPDR S&P China | Reduce -65.3% | 0.04% | −0.09 |
| SCHD Schwab US DVD Equity ETF | Reduce -23.3% | 0.23% | −0.08 |
| XLI SS Industrial Select Sector | Reduce -46.6% | 0.07% | −0.07 |
| XLK SS Technology Select Sector | Reduce -17.4% | 0.29% | −0.07 |
| IEUR iShares Core MSCI Europe ETF | Reduce -48.1% | 0.07% | −0.07 |
| NOW ServiceNow Inc. | Reduce -29.8% | 0.08% | −0.06 |
| PDYN Palladyne AI Corp. | Reduce -99.9% | 0.00% | −0.06 |
| IGM iShares Expanded Tech Sector | Reduce -6.9% | 0.56% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -1.4% | 0.20% | −0.05 |
| EWG iShares MSCI Germany ETF | Reduce -63.2% | 0.03% | −0.05 |
| T AT&T Inc. | Reduce -9.4% | 0.15% | −0.05 |
| EPOL iShares MSCI Poland ETF | Reduce -86.0% | 0.01% | −0.05 |
| FISV Fiserv Inc. | Reduce -34.8% | 0.02% | −0.05 |
| LMBS First Trust Low Duration Opp | Reduce -68.5% | 0.02% | −0.05 |
| MSI Motorola Solutions Inc. | Reduce -6.0% | 0.14% | −0.05 |
| ALAB Astera Labs Inc. | Reduce -99.2% | 0.00% | −0.05 |
| QUAL iShares MSCI USA Quality Fac | Reduce -9.5% | 0.31% | −0.04 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -5.4% | 0.34% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.0% | 1.64% | −0.04 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -19.1% | 0.14% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -1.7% | 0.31% | −0.03 |
| JOBY Joby Aviation Inc. | Reduce -95.1% | 0.00% | −0.03 |
| ALL Allstate Corp. | Reduce -15.7% | 0.12% | −0.03 |
| PEG Public Service Enterprise GP | Reduce -60.3% | 0.02% | −0.03 |
| CARR Carrier Global Corp. | Reduce -68.5% | 0.01% | −0.03 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -84.9% | 0.01% | −0.03 |
| PTY PIMCO Corporate & Income Opp | Reduce -66.1% | 0.01% | −0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -14.2% | 0.20% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -6.6% | 0.19% | −0.03 |
| FAUG FT Vest U.S. Equity Buffer E | Reduce -73.8% | 0.01% | −0.03 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Reduce -94.4% | 0.00% | −0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -21.0% | 0.08% | −0.03 |
| QMAG FT NDQ100 Mod Buff ETF - Aug | Reduce -97.0% | 0.00% | −0.03 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.2% | 1.39% | −0.03 |
| UNP Union Pacific Corp. | Reduce -13.8% | 0.12% | −0.03 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -1.1% | 0.53% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -17.6% | 0.08% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -1.5% | 0.30% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -3.4% | 0.28% | −0.03 |
| OWL Blue Owl Capital Inc. | Reduce -63.9% | 0.01% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| IEMG iShares Core MSCI Emerging | Add +69.4% | 1.21% | +0.48 |
| PJAN Innovator U.S. Equity Power | Add +1235.6% | 0.42% | +0.39 |
| APLU Allspring Core Plus ETF | New | 0.25% | +0.25 |
| GOOG Alphabet Inc. Class C | Add +2.0% | 0.92% | +0.19 |
| PNOV Innovator U.S. Equity Power | Add +3526.2% | 0.16% | +0.16 |
| SPHY SS SPDR P High Yield ETF | Add +8673.0% | 0.14% | +0.14 |
| LLY Eli Lilly & Co. | Add +4.5% | 0.47% | +0.13 |
| XLV SS Health Care Select Sector | Add +148.9% | 0.22% | +0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.3% | 1.32% | +0.12 |
| AAPL Apple Inc. | Add +1.3% | 3.32% | +0.11 |
| AMZN Amazon.com Inc. | Add +3.6% | 2.25% | +0.09 |
| QTUM Defiance Quantum ETF | Add +793.5% | 0.10% | +0.08 |
| AGG iShares Core U.S. Aggregate | Add +8.5% | 2.18% | +0.07 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +43.5% | 0.24% | +0.07 |
| AVAV Aerovironment Inc. | Add +879.9% | 0.08% | +0.07 |
| EWJ iShares MSCI Japan ETF | Add +379.1% | 0.08% | +0.07 |
| IYF iShares US Financials ETF | Add +32.1% | 0.30% | +0.07 |
| PFN PIMCO Income Strategy FD II | Add +39179.0% | 0.06% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +13.2% | 0.75% | +0.06 |
| AKRE Akre Focus ETF | New | 0.06% | +0.06 |
| GRNY Fundstr Gran SH US LRG Cap | Add +8167.0% | 0.06% | +0.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +32.2% | 0.26% | +0.05 |
| TUSI Touchstone Ultra Short Incom | Add +98.8% | 0.11% | +0.05 |
| ITOT iShares Core S&P Total U.S. | Add +157.9% | 0.08% | +0.05 |
| CAT Caterpillar Inc. | Add +2.8% | 0.33% | +0.05 |
| MRK Merck & Co. Inc. | Add +15.6% | 0.17% | +0.05 |
| VRT Vertiv Holdings Co. Class A | Add +82.7% | 0.10% | +0.05 |
| WFC Wells Fargo & Co. | Add +41.5% | 0.13% | +0.04 |
| JNJ Johnson & Johnson | Add +0.8% | 0.62% | +0.04 |
| VHT Vanguard Health Care ETF | Add +7.9% | 0.32% | +0.04 |
| AVGO Broadcom Inc. | Add +3.5% | 1.06% | +0.04 |
| QWLD State Street SPDR MSCI World | New | 0.04% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +4.4% | 1.68% | +0.04 |
| ABBV Abbvie Inc. | Add +14.0% | 0.51% | +0.04 |
| IVE iShares S&P 500 Value ETF | Add +27.4% | 0.17% | +0.03 |
| DIS The Walt Disney Co. | Add +22.1% | 0.24% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +11.9% | 0.22% | +0.03 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +71.5% | 0.09% | +0.03 |
| ALLW State Street Brgwtr All WTHR | New | 0.03% | +0.03 |
| RWL Invesco S&P 500 Revenue ETF | Add +427.4% | 0.04% | +0.03 |
| IAU iShares Gold Trust | Add +3.7% | 0.33% | +0.03 |
| WMT Walmart Inc. | Add +2.1% | 0.58% | +0.03 |
| FSLR First Solar Inc. | Add +3.1% | 0.21% | +0.03 |
| DDWM Wisdomtree DY Inter Eq FD-US | Add +24.0% | 0.15% | +0.03 |
| ETR Entergy Corp. | Add +67.0% | 0.08% | +0.03 |
| FLOT iShares Floating Rate Bond E | Add +15.6% | 0.31% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +6.0% | 1.11% | +0.03 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +2068.6% | 0.03% | +0.03 |
| RTX RTX Corp. | Add +10.0% | 0.19% | +0.03 |
| CRM Salesforce Inc. | Add +5.5% | 0.22% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +19.3% | 34,061 | $1.7M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +10.9% | 32,599 | $1.7M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Reduce -7.5% | 17,875 | $1.4M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Reduce -10.0% | 46,225 | $882K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +21.6% | 12,011 | $829K |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -3.4% | 7,213 | $545K |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -56.9% | 1,724 | $102K |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -1.8% | 4,898 | $94K |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 64,000 | $72Kbefore exit |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +27.0% | 1,311 | $68K |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +66.7% | 1,375 | $67K |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Sold out | 29,000 | $29Kbefore exit |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | New | 800 | $24K |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | Sold out | 22,000 | $22Kbefore exit |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | New | 400 | $10K |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | New | 154 | $3K |
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | Reduce -11.5% | 1,017 | $3K |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | Sold out | 109,527 | $2Kbefore exit |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Reduce -50.0% | 2,000 | $2K |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 26 | $2Kbefore exit |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 23,270 | $2Kbefore exit |
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 57 | $30 |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 58 | $23 |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | New | 4 | $11 |
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 | 4,593 | $19.6B | AAPL, NVDA, IVV, GOOGL, AMZN |
| Q1 2026 | 4,350 | $19.6B | NVDA, AAPL, IVV, GOOGL, AMZN |
| Q4 2025 | 4,237 | $18.2B | AAPL, NVDA, GOOGL, MSFT, META |
| Q3 2025 | 4,191 | $17.4B | NVDA, AAPL, META, MSFT, IVV |
| Q2 2025 | 4,043 | $12.8B | AAPL, MSFT, NVDA, IVV, AMZN |
| Q1 2025 | 3,933 | $11.3B | AAPL, MSFT, NVDA, AMZN, IVV |
| Q4 2024 | 3,884 | $11.3B | AAPL, MSFT, NVDA, AMZN, VOO |
| Q3 2024 | 3,724 | $10.8B | AAPL, MSFT, NVDA, VOO, AMZN |
| Q2 2024 | 3,595 | $9.5B | AAPL, MSFT, NVDA, AMZN, IVV |
| Q1 2024 | 3,545 | $9.1B | AAPL, MSFT, NVDA, AMZN, IVV |