Stifel Financial Corp.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Stifel Financial Corp. reported 3,505 stock positions worth $109.5 billion. Its top holding was Microsoft (MSFT) at 3.4% of the portfolio, followed by Nvidia (NVDA, 3.0%) and Apple (AAPL, 2.7%). Compared with Q2 2025, it opened 210 new positions, sold out of 146, added to 1,770 and reduced 1,451. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Emerson Electric (EMR, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- ST. LOUIS, MO
- CIK
- 0000720672
- Portfolio Value
- $109.5B (Q3 2025)
- SEC Filing
- 0000720672-25-000015 ↗ filed Nov 12, 2025
Holdings Value
Holdings 3,505 stocks · $109.5B
| MSFT Microsoft Corp. | 3.37% | 7,124,971 | $3.7B | Reduce -0.5% |
| NVDA Nvidia Corp. | 2.97% | 17,403,746 | $3.2B | Reduce -4.2% |
| AAPL Apple Inc. | 2.67% | 11,487,047 | $2.9B | Add +0.6% |
| AMZN Amazon.com Inc. | 1.68% | 8,394,669 | $1.8B | Reduce -0.7% |
| AVGO Broadcom Inc. | 1.43% | 4,731,112 | $1.6B | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 1.38% | 6,222,831 | $1.5B | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 1.13% | 3,915,100 | $1.2B | Reduce -4.2% |
| V Visa Inc. Class A | 1.09% | 3,481,791 | $1.2B | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.01% | 1,653,434 | $1.1B | Reduce -0.3% |
| WMT Walmart Inc. | 0.98% | 10,409,320 | $1.1B | Reduce -2.0% |
| HD Home Depot Inc. | 0.94% | 2,552,245 | $1.0B | Add +0.8% |
| META Meta Platforms Inc. Class A | 0.93% | 1,385,659 | $1.0B | Add +1.5% |
| VOO Vanguard S&P 500 ETF | 0.88% | 1,567,391 | $959.9M | Add +2.1% |
| CSCO Cisco Systems Inc. | 0.86% | 13,733,524 | $939.6M | Add +52.0% |
| JNJ Johnson & Johnson | 0.86% | 5,063,709 | $938.9M | Add +2.0% |
| PEP Pepsico Inc. | 0.84% | 6,546,813 | $919.4M | Add +5.5% |
| IEFA iShares Core MSCI Eafe ETF | 0.82% | 10,305,420 | $899.8M | Add +4.2% |
| IVW iShares S&P 500 Growth ETF | 0.79% | 7,158,604 | $864.2M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 0.74% | 3,317,362 | $808.0M | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.71% | 2,769,891 | $781.6M | Add +57.4% |
| ORCL Oracle Corp. | 0.68% | 2,665,050 | $749.5M | Reduce -24.6% |
| MRK Merck & Co. Inc. | 0.67% | 8,720,884 | $731.9M | Add +12.4% |
| PG The Procter & Gamble Co. | 0.66% | 4,670,302 | $717.6M | Reduce -0.0% |
| COST Costco Wholesale Corp. | 0.63% | 746,608 | $691.3M | Reduce -0.3% |
| AGG iShares Core U.S. Aggregate | 0.60% | 6,525,696 | $654.2M | Reduce -16.2% |
| LMT Lockheed Martin Corp. | 0.57% | 1,260,154 | $629.2M | Add +0.4% |
| IVE iShares S&P 500 Value ETF | 0.57% | 3,019,690 | $623.6M | Add +3.1% |
| LLY Eli Lilly & Co. | 0.55% | 790,167 | $603.0M | Reduce -4.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.54% | 984,813 | $591.3M | Add +1.5% |
| NFLX Netflix Inc. | 0.54% | 491,591 | $589.4M | Add +1.9% |
| MDT Medtronic PLC | 0.53% | 6,110,875 | $582.0M | Add +2.3% |
| VEA Vanguard Ftse Developed ETF | 0.53% | 9,705,665 | $581.6M | Add +23.2% |
| KO The Coca-Cola Co. | 0.52% | 8,667,137 | $574.8M | Add +0.9% |
| ABBV Abbvie Inc. | 0.52% | 2,473,152 | $572.6M | Reduce -1.1% |
| ACN Accenture PLC Class A | 0.52% | 2,298,151 | $566.8M | Add +18.4% |
| ETN Eaton Corp. PLC | 0.49% | 1,448,117 | $542.0M | Add +1.7% |
| TXN Texas Instruments Inc. | 0.49% | 2,943,507 | $540.8M | Reduce -0.5% |
| UNP Union Pacific Corp. | 0.49% | 2,260,464 | $534.3M | Reduce -3.4% |
| IWF iShares Russell 1000 Growth | 0.48% | 1,123,348 | $526.2M | Reduce -11.0% |
| ADP Automatic Data Processing | 0.48% | 1,790,607 | $525.6M | Reduce -2.4% |
| CVX Chevron Corp. | 0.46% | 3,229,668 | $501.5M | Add +1.0% |
| APH Amphenol Corp. Class A | 0.45% | 3,998,310 | $494.8M | Reduce -27.8% |
| WM Waste Management Inc. | 0.45% | 2,219,155 | $490.1M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 965,454 | $485.4M | Reduce -1.1% |
| MRSH Marsh & McLennan Cos | 0.42% | 2,294,938 | $462.5M | Add +1.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 3,143,773 | $454.4M | Reduce -0.9% |
| XOM Exxon Mobil Corp. | 0.41% | 4,020,511 | $453.3M | Reduce -4.4% |
| ITW Illinois Tool Works | 0.41% | 1,724,479 | $449.7M | Reduce -1.6% |
| APD Air Products & Chemicals Inc. | 0.41% | 1,644,837 | $448.6M | Add +0.8% |
| MA Mastercard Inc. Class A | 0.41% | 785,377 | $446.8M | Add +7.3% |
| TSCO Tractor Supply Company | 0.41% | 7,851,800 | $446.5M | Reduce -2.8% |
| CMI Cummins Inc. | 0.41% | 1,053,907 | $445.1M | Reduce -2.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.40% | 4,791,835 | $439.7M | Reduce -1.9% |
| PANW Palo Alto Networks Inc. | 0.40% | 2,144,841 | $436.7M | Add +8.5% |
| IVV iShares Core S&P 500 ETF | 0.40% | 651,144 | $435.8M | Reduce -0.8% |
| AMGN Amgen Inc. | 0.40% | 1,540,435 | $434.7M | Add +1.7% |
| CL Colgate-Palmolive Co. | 0.38% | 5,256,801 | $420.2M | Add +3.1% |
| RSG Republic Services Inc. | 0.37% | 1,755,228 | $402.8M | Add +0.1% |
| CHD Church & Dwight Co. Inc. | 0.36% | 4,495,492 | $393.9M | Add +4.4% |
| CLX Clorox Company | 0.34% | 3,037,195 | $374.5M | Add +25.4% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.34% | 386,485 | $368.3M | Reduce -2.7% |
| BR Broadridge Financial Solutio | 0.33% | 1,508,092 | $359.2M | Reduce -2.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.33% | 746,838 | $358.2M | Add +1.5% |
| HON Honeywell International Inc. | 0.32% | 1,679,733 | $353.6M | Add +2.8% |
| NOW ServiceNow Inc. | 0.32% | 382,563 | $352.1M | Add +0.4% |
| MCD McDonald's Corp. | 0.31% | 1,132,622 | $344.2M | Add +0.4% |
| RTX RTX Corp. | 0.31% | 2,057,145 | $344.2M | Add +11.0% |
| MBB iShares MBS ETF | 0.31% | 3,559,460 | $338.7M | Reduce -10.4% |
| MCO Moody's Corp. | 0.31% | 708,968 | $337.8M | Reduce -2.1% |
| QUAL iShares MSCI USA Quality Fac | 0.31% | 1,724,635 | $335.5M | Reduce -3.0% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 674,148 | $327.0M | Reduce -1.3% |
| TSLA Tesla Inc. | 0.29% | 725,514 | $322.7M | Reduce -3.5% |
| VZ Verizon Communications Inc. | 0.29% | 7,167,993 | $315.0M | Add +4.9% |
| FERG Ferguson Enterprises Inc. | 0.28% | 1,379,921 | $309.9M | Add +1193.2% |
| GLD SPDR Gold Shares | 0.28% | 870,976 | $309.6M | Add +4.7% |
| IWD iShares Russell 1000 Value E | 0.28% | 1,516,261 | $308.7M | Reduce -16.0% |
| VGT Vanguard Info Tech ETF | 0.28% | 404,208 | $301.8M | Reduce -1.7% |
| IEMG iShares Core MSCI Emerging | 0.27% | 4,565,327 | $300.9M | Add +4.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.27% | 1,583,681 | $295.3M | Add +2.1% |
| VMBS Vanguard Mortgage-Backed Sec | 0.27% | 6,271,666 | $294.5M | Add +7.1% |
| CAT Caterpillar Inc. | 0.27% | 612,543 | $292.3M | Reduce -2.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.27% | 1,148,733 | $292.1M | Add +3.1% |
| UBER Uber Technologies Inc. | 0.27% | 2,967,471 | $290.7M | Add +5.5% |
| INTU Intuit Inc. | 0.26% | 411,254 | $280.9M | Add +4.6% |
| GVI iShares Intermediate Governm | 0.25% | 2,594,210 | $278.7M | Add +54.6% |
| GLW Corning Inc. | 0.25% | 3,306,108 | $271.2M | Reduce -3.7% |
| LIN Linde PLC | 0.24% | 563,994 | $267.9M | Add +0.6% |
| SF Stifel Financial Corp. | 0.24% | 2,333,172 | $264.7M | Add +1.0% |
| CRM Salesforce Inc. | 0.24% | 1,099,226 | $260.5M | Reduce -15.1% |
| SPGI S&P Global Inc. | 0.24% | 534,959 | $260.4M | Add +0.5% |
| ADBE Adobe Inc. | 0.24% | 729,953 | $257.5M | Add +1.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 921,742 | $257.4M | Add +3.1% |
| MS Morgan Stanley | 0.23% | 1,609,425 | $255.8M | Add +0.3% |
| CTAS Cintas Corp. | 0.23% | 1,242,873 | $255.1M | Reduce -2.1% |
| SYK Stryker Corp. | 0.23% | 679,570 | $251.2M | Reduce -2.0% |
| USIG iShares Broad Usd Investment | 0.23% | 4,791,698 | $250.2M | Add +7.3% |
| ORLY O'reilly Automotive Inc. | 0.23% | 2,317,443 | $249.8M | Reduce -2.5% |
| XLK SS Technology Select Sector | 0.23% | 881,795 | $248.6M | Reduce -2.5% |
| GS Goldman Sachs Group Inc. | 0.22% | 308,765 | $245.9M | Add +2.0% |
| IEI iShares 3-7 Year Treasury Bo | 0.22% | 2,036,746 | $243.4M | Reduce -6.1% |
Other holdings (26): bonds, preferreds, convertibles and warrants · $28.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 8,452 | $10.4M | Add +7.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 4,781 | $6.1M | Reduce -1.3% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 54,008 | $5.0M | Add +67.0% |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | 2,087,045 | $2.1M | Add +0.1% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 38,442 | $1.5M | Reduce -1.1% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 59,357 | $1.5M | Reduce -6.9% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 5,700 | $274K | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 4,750 | $249K | No change |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 6,696 | $211K | No change |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 33,000 | $121K | Reduce -86.3% |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | 119,701 | $120K | Add +87.7% |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 89,730 | $90K | Add +50.0% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 21,646 | $81K | New |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | 76,426 | $76K | Add +206.0% |
| GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) | NOTE 5.875%10/0 · principal | 49,463 | $49K | New |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 33,000 | $32K | No change |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 32,000 | $31K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 26,000 | $25K | No change |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 310,151 | $24K | Reduce -19.0% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 21,140 | $21K | Reduce -1.0% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 15,888 | $16K | New |
| LGL.WS LGL Group Inc./the -CW25 | *W EXP 11/16/202 | 23,651 | $8K | No change |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 22,139 | $2K | Reduce -1.7% |
| RIVERNORTH OPPORTUNI-RT | RIGHT 10/06/2025 | 86,061 | $696 | Reduce -8.1% |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | 30,860 | $584 | Reduce -70.0% |
| SLXNW Biomotion Sciences-CW29 | *W EXP 08/15/202 | 16,000 | $563 | No change |
Total filed on the 13F, all lines: $109.5B.
Portfolio Sells Q2 2025 → Q3 2025
| EMR Emerson Electric Co. | Reduce -76.7% | 0.12% | −0.43 |
| UNH Unitedhealth Group Inc. | Reduce -63.2% | 0.20% | −0.32 |
| ELV Elevance Health Inc. | Reduce -86.7% | 0.03% | −0.25 |
| AGG iShares Core U.S. Aggregate | Reduce -16.2% | 0.60% | −0.15 |
| V Visa Inc. Class A | Reduce -2.0% | 1.09% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -0.7% | 1.68% | −0.12 |
| CRM Salesforce Inc. | Reduce -15.1% | 0.24% | −0.11 |
| TXN Texas Instruments Inc. | Reduce -0.5% | 0.49% | −0.10 |
| MSFT Microsoft Corp. | Reduce -0.5% | 3.37% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 0.63% | −0.09 |
| APH Amphenol Corp. Class A | Reduce -27.8% | 0.45% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -4.4% | 0.55% | −0.08 |
| ADP Automatic Data Processing | Reduce -2.4% | 0.48% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -0.0% | 0.66% | −0.07 |
| ORCL Oracle Corp. | Reduce -24.6% | 0.68% | −0.07 |
| GWW WW Grainger Inc. | Reduce -2.7% | 0.34% | −0.07 |
| IWD iShares Russell 1000 Value E | Reduce -16.0% | 0.28% | −0.06 |
| MBB iShares MBS ETF | Reduce -10.4% | 0.31% | −0.05 |
| WM Waste Management Inc. | Reduce -0.7% | 0.45% | −0.05 |
| MCO Moody's Corp. | Reduce -2.1% | 0.31% | −0.04 |
| FXF Invesco Currencyshares Swiss | Sold out | 0.00% | −0.04 |
| CTAS Cintas Corp. | Reduce -2.1% | 0.23% | −0.04 |
| IWF iShares Russell 1000 Growth | Reduce -11.0% | 0.48% | −0.04 |
| BR Broadridge Financial Solutio | Reduce -2.9% | 0.33% | −0.04 |
| MSTR Strategy Inc. | Reduce -19.4% | 0.06% | −0.04 |
| WDAY Workday Inc. Class A | Reduce -30.1% | 0.07% | −0.04 |
| SYK Stryker Corp. | Reduce -2.0% | 0.23% | −0.04 |
| UNP Union Pacific Corp. | Reduce -3.4% | 0.49% | −0.04 |
| TGT Target Corp. | Reduce -6.2% | 0.14% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -1.9% | 0.40% | −0.03 |
| WMT Walmart Inc. | Reduce -2.0% | 0.98% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -19.8% | 0.05% | −0.03 |
| TLH iShares 10-20 Year Treasury | Reduce -9.2% | 0.19% | −0.03 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -6.1% | 0.22% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -4.4% | 0.41% | −0.03 |
| DIS The Walt Disney Co. | Reduce -3.5% | 0.13% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -4.2% | 1.13% | −0.02 |
| IYW iShares Ustechnology ETF | Reduce -34.3% | 0.06% | −0.02 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -55.7% | 0.02% | −0.02 |
| CGCB Cap Group Core Bond | Reduce -67.9% | 0.01% | −0.02 |
| GILD Gilead Sciences Inc. | Reduce -8.8% | 0.14% | −0.02 |
| SPMB SS SPDR P Mort Back Bond ETF | Reduce -9.2% | 0.15% | −0.02 |
| FTNT Fortinet Inc. | Reduce -0.2% | 0.07% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Reduce -27.2% | 0.04% | −0.02 |
| CYBR Cyberark Software Ltd./Israel | Reduce -60.2% | 0.02% | −0.02 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -32.0% | 0.04% | −0.02 |
| ABT Abbott Laboratories | Reduce -1.4% | 0.22% | −0.02 |
| MUB iShares National Muni Bond E | Reduce -22.8% | 0.06% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Reduce -9.1% | 0.13% | −0.02 |
| LYB Lyondellbasell Indu Class A | Reduce -60.2% | 0.01% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.6% | 2.67% | +0.39 |
| FERG Ferguson Enterprises Inc. | Add +1193.2% | 0.28% | +0.26 |
| CSCO Cisco Systems Inc. | Add +52.0% | 0.86% | +0.25 |
| IBM Intl Business Machines Corp. | Add +57.4% | 0.71% | +0.21 |
| JNJ Johnson & Johnson | Add +2.0% | 0.86% | +0.12 |
| VEA Vanguard Ftse Developed ETF | Add +23.2% | 0.53% | +0.09 |
| ITOT iShares Core S&P Total U.S. | Add +64.4% | 0.20% | +0.08 |
| GVI iShares Intermediate Governm | Add +54.6% | 0.25% | +0.08 |
| EUSA iShares MSCI USA Equal Weigh | Add +89.6% | 0.17% | +0.08 |
| MRK Merck & Co. Inc. | Add +12.4% | 0.67% | +0.07 |
| CLX Clorox Company | Add +25.4% | 0.34% | +0.06 |
| RTX RTX Corp. | Add +11.0% | 0.31% | +0.05 |
| PEP Pepsico Inc. | Add +5.5% | 0.84% | +0.04 |
| HD Home Depot Inc. | Add +0.8% | 0.94% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.1% | 0.24% | +0.04 |
| GLD SPDR Gold Shares | Add +4.7% | 0.28% | +0.04 |
| APP AppLovin Corp. Class A | Add +5.9% | 0.07% | +0.03 |
| IEUR iShares Core MSCI Europe ETF | Add +317.7% | 0.04% | +0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +20.2% | 0.19% | +0.03 |
| MRVL Marvell Technology Inc. | Add +18.3% | 0.17% | +0.03 |
| GE General Electric | Add +5.0% | 0.22% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.0% | 0.21% | +0.03 |
| BAI Ishrs AI in and Tech Act ETF | Add +183.2% | 0.04% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +2.1% | 0.88% | +0.03 |
| HUBS HubSpot Inc. | Add +150.2% | 0.06% | +0.03 |
| FTCB FT Core Investment Grade ETF | Add +202.2% | 0.04% | +0.03 |
| GEV GE Vernova Inc. | Add +9.5% | 0.16% | +0.03 |
| OEF iShares S&P 100 ETF | Add +56.6% | 0.07% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +0.4% | 0.79% | +0.03 |
| HYBB iShares BB Rated Corp. Bond | Add +164.9% | 0.04% | +0.03 |
| MDT Medtronic PLC | Add +2.3% | 0.53% | +0.03 |
| AVDV Avantis Intl S/C Value ETF | Add +778.6% | 0.03% | +0.02 |
| ITA iShares U.S. Aerospace & Def | Add +51.9% | 0.06% | +0.02 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +19.8% | 0.12% | +0.02 |
| BX Blackstone Inc. | Add +3.5% | 0.21% | +0.02 |
| MINT PIMCO Enhanced Short Maturit | Add +49.7% | 0.07% | +0.02 |
| UCON First Trust Smith Unconstrai | Add +158.3% | 0.03% | +0.02 |
| CGCV Cap Group Conservative Eq | Add +1778.3% | 0.02% | +0.02 |
| IEF iShares 7-10 Year Treasury B | Add +26.0% | 0.12% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +4.4% | 0.27% | +0.02 |
| STX Seagate Technology Holdings | Add +47.3% | 0.03% | +0.02 |
| SDVY First Trust Smid Cap Rising | Add +14.8% | 0.14% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.5% | 0.54% | +0.02 |
| CGMU Cap Group Municipal Income | Add +77.8% | 0.04% | +0.02 |
| PULS Pgim Ultra Short Bond ETF | Add +37.8% | 0.08% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.2% | 0.82% | +0.02 |
| BAC Bank of America Corp. | Add +6.6% | 0.22% | +0.02 |
| NEM Newmont Corp. | Add +15.1% | 0.05% | +0.02 |
| IAU iShares Gold Trust | Add +2.5% | 0.16% | +0.02 |
| URI United Rentals Inc. | Add +2.8% | 0.09% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +7.3% | 8,452 | $10.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.3% | 4,781 | $6.1M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +67.0% | 54,008 | $5.0M |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | Add +0.1% | 2,087,045 | $2.1M |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Reduce -1.1% | 38,442 | $1.5M |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -6.9% | 59,357 | $1.5M |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | Reduce -86.3% | 33,000 | $121K |
| TWO HARBORS INV CORP (TWO 6.25 01/15/26) | NOTE 6.250% 1/1 · principal | Add +87.7% | 119,701 | $120K |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | Add +50.0% | 89,730 | $90K |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | New | 21,646 | $81K |
| GREEN PLAINS INC (GPRE 2.25 03/15/27) | NOTE 2.250% 3/1 · principal | Add +206.0% | 76,426 | $76K |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | Sold out | 49,525 | $50Kbefore exit |
| GLADSTONE CAPITAL CORP (GLAD 5.875 10/01/30) | NOTE 5.875%10/0 · principal | New | 49,463 | $49K |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Reduce -19.0% | 310,151 | $24K |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Reduce -1.0% | 21,140 | $21K |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | New | 15,888 | $16K |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | Reduce -1.7% | 22,139 | $2K |
| RIVERNORTH OPPORTUNI-RT | RIGHT 10/06/2025 | Reduce -8.1% | 86,061 | $696 |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | Reduce -70.0% | 30,860 | $584 |
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 | 3,675 | $120.2B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 3,600 | $108.8B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 3,540 | $111.1B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q3 2025 | 3,505 | $109.5B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q2 2025 | 3,441 | $102.8B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q1 2025 | 3,392 | $94.1B | MSFT, AAPL, NVDA, AMZN, V |
| Q4 2024 | 3,349 | $96.0B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q3 2024 | 3,340 | $95.3B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q2 2024 | 3,337 | $88.8B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q1 2024 | 3,309 | $87.8B | MSFT, AAPL, NVDA, AMZN, V |