Stonegate Investment Group, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Stonegate Investment Group, LLC reported 352 stock positions worth $3.7 billion. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by JPMorgan Chase (JPM, 4.7%) and Walmart (WMT, 4.6%). Compared with Q4 2024, it opened 22 new positions, sold out of 63, added to 152 and reduced 147. The biggest buy was Meta Platforms Class A (META, shares +125%) and the biggest sale Lockheed Martin (LMT, shares −99%).

Most Recent 13F
Q3 2025
Location
BIRMINGHAM, AL
CIK
0001904154
Portfolio Value
$3.7B (Q1 2025)
SEC Filing
0001951757-25-000396 ↗ filed Apr 22, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $3.2B Q1 2024 Q2 2024: $3.5B Q2 2024 Q3 2024: $3.8B Q3 2024 Q4 2024: $3.7B Q4 2024 Q1 2025: $3.7B $3.7B Q1 2025 Q2 2025: $4.0B Q2 2025 Q3 2025: $4.3B Q3 2025

Holdings 352 stocks · $3.7B
AAPL Apple Inc. 5.92% 996,072 $221.3M Reduce -0.7%
JPM JPMorgan Chase & Co. 4.68% 712,086 $174.7M Reduce -0.3%
WMT Walmart Inc. 4.62% 1,965,510 $172.6M Reduce -0.5%
MSFT Microsoft Corp. 4.42% 439,449 $165.0M Add +1.6%
BRK.B Berkshire Hathaway Inc. Class B 4.23% 296,951 $158.2M Add +2.5%
GOOGL Alphabet Inc. Class A 3.58% 864,196 $133.6M Add +1.3%
CVX Chevron Corp. 3.54% 790,099 $132.2M Add +1.3%
XOM Exxon Mobil Corp. 3.29% 1,033,185 $122.9M Add +0.9%
V Visa Inc. Class A 3.28% 349,122 $122.4M Add +1.5%
AMZN Amazon.com Inc. 3.09% 606,188 $115.3M Add +1.5%
CSCO Cisco Systems Inc. 2.57% 1,554,422 $95.9M Add +1.0%
HD Home Depot Inc. 2.51% 255,430 $93.6M Add +1.1%
JNJ Johnson & Johnson 2.39% 537,343 $89.1M Add +0.5%
SO The Southern Co. 2.17% 880,281 $80.9M Reduce -3.9%
GEHC GE Healthcare Technology 2.10% 970,727 $78.3M Add +0.9%
SFBS Servisfirst Bancshares Inc. 2.08% 939,118 $77.6M Reduce -0.9%
COST Costco Wholesale Corp. 1.95% 77,020 $72.8M Reduce -0.3%
HON Honeywell International Inc. 1.90% 335,274 $71.0M Add +1.1%
UPS United Parcel Service Class B 1.87% 636,276 $70.0M Add +45.2%
PANW Palo Alto Networks Inc. 1.87% 408,767 $69.8M Reduce -0.6%
IVV iShares Core S&P 500 ETF 1.79% 119,298 $67.0M Add +0.0%
PLD Prologis Inc. 1.72% 575,829 $64.4M Add +1.0%
PSX Phillips 66 1.72% 520,170 $64.2M Add +1.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.66% 509,095 $62.0M Add +11.2%
PG The Procter & Gamble Co. 1.63% 356,263 $60.7M Add +1.2%
META Meta Platforms Inc. Class A 1.58% 102,636 $59.2M Add +125.5%
DE Deere & Co. 1.45% 115,694 $54.3M Add +0.3%
DHR Danaher Corp. 1.42% 259,150 $53.1M Add +15.1%
AMD Advanced Micro Devices 1.41% 511,608 $52.6M Reduce -0.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.31% 497,027 $49.1M Add +3.5%
LLY Eli Lilly & Co. 1.25% 56,739 $46.9M Add +0.8%
NKE Nike Inc. Class B 1.13% 663,555 $42.1M Reduce -1.1%
MMM 3M Co. 1.05% 266,788 $39.2M Add +1.9%
PYPL PayPal Holdings Inc. 0.88% 501,456 $32.7M Add +3.9%
AVGO Broadcom Inc. 0.70% 156,116 $26.1M Reduce -0.9%
CLF Cleveland-Cliffs Inc. 0.63% 2,859,792 $23.5M Add +41.5%
VOO Vanguard S&P 500 ETF 0.51% 37,343 $19.2M Add +5.9%
QQQ Invesco QQQ Trust Series 1 0.47% 37,747 $17.7M Add +1.6%
KO The Coca-Cola Co. 0.46% 237,468 $17.0M Reduce -1.2%
NVDA Nvidia Corp. 0.45% 153,529 $16.6M Add +1.1%
LIN Linde PLC 0.43% 34,878 $16.2M Add +0.4%
RSG Republic Services Inc. 0.42% 64,893 $15.7M Reduce -0.3%
MAA Mid-America Apartment Comm 0.42% 93,607 $15.7M Add +1.4%
TSM Taiwan Semiconductor-SP ADR 0.38% 85,409 $14.2M Add +1.6%
ORCL Oracle Corp. 0.36% 96,658 $13.5M Add +4.8%
MCD McDonald's Corp. 0.33% 39,062 $12.2M Add +0.8%
MS Morgan Stanley 0.31% 100,601 $11.7M Add +1.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.30% 42,904 $11.0M Add +6.1%
MA Mastercard Inc. Class A 0.29% 19,887 $10.9M Add +24.1%
UNP Union Pacific Corp. 0.29% 45,962 $10.9M Add +7.0%
ABT Abbott Laboratories 0.28% 79,530 $10.5M Reduce -0.0%
EOG EOG Resources Inc. 0.26% 75,782 $9.7M Add +0.2%
IWR iShares Russell Mid-Cap ETF 0.26% 112,459 $9.6M Reduce -0.9%
RF Regions Financial Corp. 0.24% 411,298 $8.9M Add +142.3%
ABBV Abbvie Inc. 0.21% 38,241 $8.0M Add +1.6%
NEE Nextera Energy Inc. 0.21% 112,453 $8.0M Add +0.7%
ACN Accenture PLC Class A 0.20% 23,729 $7.4M Add +1.0%
IVE iShares S&P 500 Value ETF 0.19% 37,067 $7.1M Add +0.1%
VZ Verizon Communications Inc. 0.18% 144,250 $6.5M Add +12.0%
MRSH Marsh & McLennan Cos 0.16% 25,144 $6.1M Reduce -0.2%
GE General Electric filed as GE AEROSPACE 0.16% 30,368 $6.1M Reduce -2.1%
CB Chubb Ltd. 0.16% 19,847 $6.0M Reduce -1.9%
AGG iShares Core U.S. Aggregate 0.16% 60,370 $6.0M Add +6.4%
COP Conocophillips 0.15% 52,813 $5.5M Reduce -1.0%
UNH Unitedhealth Group Inc. 0.15% 10,394 $5.4M Reduce -41.1%
NOW ServiceNow Inc. 0.14% 6,695 $5.3M Reduce -0.3%
TT Trane Technologies PLC 0.14% 15,505 $5.2M Add +0.8%
VMC Vulcan Materials Co. 0.14% 21,863 $5.1M Reduce -1.2%
NOC Northrop Grumman Corp. 0.13% 9,832 $5.0M Add +6.1%
TXN Texas Instruments Inc. 0.13% 27,179 $4.9M Reduce -2.1%
ADSK Autodesk Inc. 0.12% 17,282 $4.5M Reduce -2.3%
GL Globe Life Inc. 0.12% 33,860 $4.5M Reduce -6.5%
INTU Intuit Inc. 0.12% 7,111 $4.4M Reduce -0.8%
IWF iShares Russell 1000 Growth 0.11% 11,693 $4.2M Add +1.2%
NSC Norfolk Southern Corp. 0.11% 17,488 $4.1M Add +2.3%
AMGN Amgen Inc. 0.11% 13,280 $4.1M Reduce -3.8%
PEP Pepsico Inc. 0.11% 27,106 $4.1M Add +5.1%
RTX RTX Corp. 0.11% 30,065 $4.0M Add +0.2%
KVUE Kenvue Inc. 0.10% 161,580 $3.9M Reduce -2.8%
ADBE Adobe Inc. 0.10% 10,095 $3.9M Reduce -5.0%
WM Waste Management Inc. 0.10% 15,955 $3.7M Reduce -0.3%
TMO Thermo Fisher Scientific Inc. 0.10% 7,231 $3.6M Add +6.5%
ORLY O'reilly Automotive Inc. 0.09% 2,461 $3.5M Reduce -3.0%
VTV Vanguard Mrngstr Val ETF-Aui 0.09% 20,384 $3.5M Add +13.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.09% 9,488 $3.5M Add +7.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 14,135 $3.5M Reduce -2.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 12,907 $3.3M Add +32.4%
WFC Wells Fargo & Co. 0.09% 46,096 $3.3M Add +0.1%
VTI VG Morningstar TS MKT ETF-US 0.09% 11,994 $3.3M Reduce -8.9%
DUK Duke Energy Corp. 0.09% 26,310 $3.2M Add +8.2%
GOOG Alphabet Inc. Class C 0.09% 20,517 $3.2M Add +10.8%
WDAY Workday Inc. Class A 0.09% 13,610 $3.2M Add +0.4%
VRTX Vertex Pharmaceuticals Inc. 0.08% 6,356 $3.1M Reduce -2.4%
PM Philip Morris International 0.08% 19,250 $3.1M Add +41.9%
RY Royal Bank of Canada 0.08% 26,575 $3.0M New
FNF Fidelity National Financial 0.08% 45,125 $2.9M Reduce -0.3%
VIG Vanguard Dividend Apprec ETF 0.08% 14,843 $2.9M Add +0.1%
MO Altria Group Inc. 0.08% 47,886 $2.9M Add +1.7%
WMB Williams Cos Inc. 0.08% 47,206 $2.8M Add +6.4%
MRK Merck & Co. Inc. 0.07% 30,870 $2.8M Add +11.6%
CAT Caterpillar Inc. 0.07% 7,992 $2.6M Reduce -0.9%
LOW Lowe's Cos Inc. 0.07% 11,229 $2.6M Add +0.1%
GPN Global Payments Inc. 0.07% 26,653 $2.6M Add +2.9%
IDXX Idexx Laboratories Inc. 0.07% 6,128 $2.6M New
SNV Synovus Financial Corp. 0.07% 53,335 $2.5M Reduce -0.4%
BX Blackstone Inc. 0.07% 17,733 $2.5M Reduce -3.5%
JCI Johnson Controls Internation 0.07% 30,751 $2.5M Add +0.4%
CCI Crown Castle Inc. 0.06% 23,212 $2.4M Add +11.4%
ULTA Ulta Beauty Inc. 0.06% 6,589 $2.4M Reduce -0.5%
MAR Marriott International Class A 0.06% 9,908 $2.4M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 4,162 $2.3M Add +4.9%
INTC Intel Corp. 0.06% 102,409 $2.3M Add +136.6%
PFE Pfizer Inc. 0.06% 91,283 $2.3M Reduce -5.7%
J Jacobs Solutions Inc. 0.06% 18,848 $2.3M Reduce -0.2%
CRM Salesforce Inc. 0.06% 8,444 $2.3M Add +0.8%
TRV The Travelers Cos Inc. 0.06% 8,548 $2.3M Reduce -3.9%
NVO Novo-Nordisk A/S-Spons ADR 0.06% 32,511 $2.3M Add +2.9%
IJR iShares Core S&P Small-Cap E 0.06% 20,954 $2.2M Add +30.7%
GS Goldman Sachs Group Inc. 0.06% 3,908 $2.1M Add +5.6%
APD Air Products & Chemicals Inc. 0.05% 6,831 $2.0M Reduce -2.2%
ENB Enbridge Inc. 0.05% 40,619 $1.8M Add +13.4%
GPC Genuine Parts Co. 0.05% 14,510 $1.7M Add +2.9%
ECL Ecolab Inc. 0.05% 6,774 $1.7M Reduce -0.9%
BMY Bristol-Myers Squibb Co. 0.05% 28,033 $1.7M Add +1.3%
GEV GE Vernova Inc. 0.05% 5,540 $1.7M Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 39,515 $1.6M Add +8.9%
BHP BHP Group Ltd.-Spon ADR 0.04% 33,846 $1.6M Reduce -0.5%
SDY SS SPDR S&P Dividend ETF 0.04% 11,903 $1.6M No change
IWS iShares Russell Mid-Cap Valu 0.04% 12,530 $1.6M Add +8.4%
FIS Fidelity National Info Serv 0.04% 20,971 $1.6M Add +1.3%
T AT&T Inc. 0.04% 52,753 $1.5M Reduce -7.4%
ETN Eaton Corp. PLC 0.04% 5,326 $1.4M Add +4.3%
BDX Becton Dickinson and Co. 0.04% 6,307 $1.4M Add +3.5%
SHEL Shell PLC-ADR 0.04% 19,527 $1.4M Add +56.4%
CMCSA Comcast Corp. Class A 0.04% 38,533 $1.4M Add +11.9%
AMT American Tower Corp. 0.04% 6,170 $1.3M Reduce -2.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.04% 32,006 $1.3M Add +15.5%
SBUX Starbucks Corp. 0.04% 13,433 $1.3M Reduce -81.0%
PH Parker Hannifin Corp. 0.03% 2,102 $1.3M Reduce -5.3%
CVS CVS Health Corp. 0.03% 18,495 $1.3M Add +103.3%
IWV iShares Russell 3000 ETF 0.03% 3,912 $1.2M Add +0.3%
ISRG Intuitive Surgical Inc. 0.03% 2,500 $1.2M Reduce -7.8%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.03% 4,185 $1.2M Reduce -9.5%
AZN Astrazeneca PLC-Spons ADR 0.03% 16,311 $1.2M Reduce -0.0%
GLD SPDR Gold Shares 0.03% 4,076 $1.2M Reduce -1.0%
FCX Freeport-McMoran Inc. 0.03% 29,988 $1.1M Reduce -7.7%
CL Colgate-Palmolive Co. 0.03% 11,712 $1.1M Reduce -1.2%
SHOP Shopify Inc. Class A 0.03% 11,457 $1.1M Add +22.6%
VTWO Vanguard Russell 2000 ETF 0.03% 13,271 $1.1M Add +8.2%
RSP Invesco S&P 500 Equal Weight 0.03% 5,841 $1.0M Add +19.7%
CAG Conagra Brands Inc. 0.03% 37,427 $998K Add +19.7%
QCOM Qualcomm Inc. 0.03% 6,493 $997K Reduce -1.2%
KHC The Kraft Heinz Co. 0.03% 32,523 $990K Add +15.2%
SCHH Schwab US REIT ETF 0.03% 45,250 $973K No change
TEL Te Connectivity PLC 0.03% 6,874 $971K Add +61.4%
NFLX Netflix Inc. 0.03% 1,019 $950K Reduce -9.1%
SHW The Sherwin-Williams Co. 0.03% 2,693 $940K Reduce -4.3%
SRE Sempra 0.02% 12,912 $921K Reduce -3.1%
EMR Emerson Electric Co. 0.02% 8,287 $909K Reduce -14.2%
ASML ASML Holding NV-NY Reg SHS 0.02% 1,368 $907K Add +12.6%
AIG American International Group 0.02% 10,343 $899K Reduce -22.0%
BP BP PLC-Spons ADR 0.02% 26,537 $897K Add +7.8%
C Citigroup Inc. 0.02% 12,358 $877K Add +1.9%
CRWD CrowdStrike Holdings Inc. Class A 0.02% 2,464 $869K Add +21.9%
BBVA Banco Bilbao Vizcaya-SP ADR 0.02% 63,745 $868K Reduce -67.2%
TPL Texas Pacific Land Corp. 0.02% 655 $868K Reduce -35.0%
D Dominion Energy Inc. 0.02% 15,170 $851K Reduce -1.0%
UL Unilever PLC 0.02% 14,282 $850K Add +69.7%
JOE The St Joe Co. 0.02% 18,008 $845K Add +10.8%
TSLA Tesla Inc. 0.02% 3,247 $842K Add +16.9%
AMP Ameriprise Financial Inc. 0.02% 1,692 $819K Reduce -9.0%
KMI Kinder Morgan Inc. 0.02% 28,371 $809K Add +9.8%
AEP American Electric Power 0.02% 7,371 $805K Add +14.9%
SYK Stryker Corp. 0.02% 2,132 $794K Reduce -1.1%
LHX L3HARRIS Technologies Inc. 0.02% 3,753 $786K Add +12.5%
APO Apollo Global Management Inc. 0.02% 5,720 $783K Add +10.3%
TMUS T-Mobile US Inc. 0.02% 2,876 $767K Reduce -23.3%
MELI MercadoLibre Inc. 0.02% 391 $763K Add +0.3%
ICE Intercontinental Exchange Inc. 0.02% 4,365 $753K Reduce -5.0%
CMG Chipotle Mexican Grill Inc. 0.02% 14,737 $740K Reduce -2.3%
MLPX Global X MLP & Energy Infras 0.02% 11,580 $739K No change
SPGI S&P Global Inc. 0.02% 1,421 $722K Reduce -3.4%
BSX Boston Scientific Corp. 0.02% 7,120 $718K Reduce -9.0%
EQT Eqt Corp. 0.02% 12,662 $677K Add +10.3%
AIT Applied Industrial Tech Inc. 0.02% 3,000 $676K Reduce -23.3%
DOW Dow Inc. 0.02% 19,268 $673K Add +28.4%
ET Energy Transfer LP 0.02% 35,202 $654K Add +2.6%
ADP Automatic Data Processing 0.02% 2,110 $645K Reduce -6.9%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 651 $643K Add +1.2%
LMT Lockheed Martin Corp. 0.02% 1,433 $640K Reduce -98.6%
MET Metlife Inc. 0.02% 7,719 $620K Reduce -3.8%
VGT Vanguard Info Tech ETF 0.02% 1,140 $618K New
HIG Hartford Insurance Group Inc. 0.02% 4,930 $610K Add +24.1%
VLO Valero Energy Corp. 0.02% 4,538 $599K New
MPC Marathon Petroleum Corp. 0.02% 4,070 $593K Add +28.3%
CTVA Corteva Inc. 0.02% 9,283 $584K Reduce -1.2%
VRT Vertiv Holdings Co. Class A 0.02% 7,960 $575K Reduce -1.4%
AMLP Alerian MLP ETF 0.02% 11,037 $573K No change
COF Capital One Financial Corp. 0.02% 3,187 $571K Reduce -17.7%
SSNC Ss&c Technologies Holdings 0.02% 6,772 $566K Add +7.0%
MDT Medtronic PLC 0.01% 6,162 $554K Reduce -3.0%
AVB Avalonbay Communities Inc. 0.01% 2,577 $553K Reduce -4.3%
UBER Uber Technologies Inc. 0.01% 7,570 $552K Reduce -8.5%
CAH Cardinal Health Inc. 0.01% 3,883 $535K Reduce -1.4%
CSX CSX Corp. 0.01% 18,172 $535K Add +80.5%
CEG Constellation Energy 0.01% 2,650 $534K Add +3.2%
FBTC Fidelity Wise Origin Bitcoin 0.01% 7,372 $531K Add +1.1%
PNC PNC Financial Services Group 0.01% 2,920 $513K Add +3.4%
TGT Target Corp. 0.01% 4,888 $510K Reduce -16.9%
ALL Allstate Corp. 0.01% 2,412 $499K Reduce -5.6%
F Ford Motor Co. filed as FORD MTR CO 0.01% 49,767 $499K Add +0.6%
DD Dupont DE Nemours Inc. 0.01% 6,636 $496K Reduce -6.3%
FCNCA First Citizens Bcshs Class A 0.01% 267 $495K Reduce -4.3%
LH Labcorp Holdings Inc. 0.01% 2,118 $493K Reduce -17.6%
BLK BlackRock Inc. 0.01% 518 $490K Reduce -89.9%
CRH CRH PLC 0.01% 5,566 $490K No change
STT State Street Corp. 0.01% 5,445 $487K New
GILD Gilead Sciences Inc. 0.01% 4,328 $485K Reduce -29.6%
AXP American Express Co. 0.01% 1,770 $476K Reduce -3.6%
IOT Samsara Inc. Class A 0.01% 12,300 $471K No change
ROK Rockwell Automation Inc. 0.01% 1,818 $470K Add +0.1%
HLN Haleon PLC-ADR 0.01% 45,194 $465K Reduce -2.7%
EXC Exelon Corp. 0.01% 9,885 $456K Reduce -19.5%
PLTR Palantir Technologies Inc. Class A 0.01% 5,376 $454K Add +16.4%
EPD Enterprise Products Partners 0.01% 13,271 $453K Add +5.9%
XLK SS Technology Select Sector 0.01% 2,172 $448K No change
ZTS Zoetis Inc. 0.01% 2,701 $445K Reduce -0.7%
HUBS HubSpot Inc. 0.01% 777 $444K Reduce -8.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 1,260 $435K Reduce -15.7%
SONY Sony Group Corp. - SP ADR 0.01% 16,898 $429K Add +2.6%
ABNB Airbnb Inc. Class A 0.01% 3,564 $426K Add +14.8%
GM General Motors Co. 0.01% 9,050 $426K Reduce -23.9%
FELV Fidelity Enh LRG Cap Val ETF 0.01% 13,781 $424K Add +0.5%
RIO Rio Tinto PLC-Spon ADR 0.01% 7,025 $422K Add +3.0%
DKS Dick's Sporting Goods Inc. 0.01% 2,066 $416K No change
BAX Baxter International Inc. 0.01% 11,835 $405K Add +13.9%
PSA Public Storage 0.01% 1,350 $404K Reduce -2.8%
TDG Transdigm Group Inc. 0.01% 291 $402K Reduce -8.5%
PINS Pinterest Inc. Class A 0.01% 12,943 $401K Reduce -5.8%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 1,293 $399K No change
NOBL Proshares S&P 500 Dividend A 0.01% 3,875 $396K No change
HES Hess Corp. 0.01% 2,444 $390K Add +4.1%
CME Cme Group Inc. 0.01% 1,463 $388K Add +6.7%
TFC Truist Financial Corp. 0.01% 9,410 $387K Add +49.9%
PGR Progressive Corp. 0.01% 1,368 $387K Add +0.8%
KMB Kimberly-Clark Corp. 0.01% 2,662 $379K Reduce -30.3%
UBS UBS Group AG-Reg 0.01% 12,348 $378K Reduce -20.1%
BCRX Biocryst Pharmaceuticals Inc. 0.01% 49,688 $373K No change
CG The Carlyle Group Inc. 0.01% 8,511 $371K Add +41.9%
IWM iShares Russell 2000 ETF 0.01% 1,837 $367K Reduce -72.5%
MDLZ Mondelez International Inc. Class A 0.01% 5,395 $366K Reduce -1.5%
IJH iShares Core S&P Midcap ETF 0.01% 6,264 $366K Add +40.8%
AMAT Applied Materials Inc. 0.01% 2,511 $364K Reduce -49.1%
DEO Diageo PLC-Sponsored ADR 0.01% 3,478 $364K Reduce -10.1%
SMBK Smartfinancial Inc. 0.01% 11,690 $363K Add +3.1%
SNY Sanofi-ADR 0.01% 6,264 $347K Reduce -28.9%
TSCO Tractor Supply Company 0.01% 6,284 $346K Add +1.5%
MU Micron Technology Inc. 0.01% 3,983 $346K Add +15.1%
AR Antero Resources Corp. 0.01% 8,447 $342K New
BIL SS SPDR BB 1-3M T-Bill ETF 0.01% 3,707 $340K Reduce -21.0%
EQIX Equinix Inc. 0.01% 407 $332K Reduce -6.0%
APP AppLovin Corp. Class A 0.01% 1,201 $318K Add +45.4%
BND Vanguard Total Bond Market 0.01% 4,305 $316K No change
CPRT Copart Inc. 0.01% 5,514 $312K Reduce -3.3%
TIP iShares Tips Bond ETF 0.01% 2,801 $311K No change
EA Electronic Arts Inc. 0.01% 2,145 $310K Add +10.6%
VONG Vanguard Russell 1000 Growth 0.01% 3,301 $306K Add +3.5%
ARCC Ares Capital Corp. 0.01% 13,796 $306K Add +23.7%
CLX Clorox Company 0.01% 2,070 $305K Add +52.6%
PCG P G & E Corp. 0.01% 17,403 $299K Add +20.4%
DG Dollar General Corp. 0.01% 3,359 $295K Add +21.9%
SNPS Synopsys Inc. 0.01% 684 $293K New
TXT Textron Inc. 0.01% 4,021 $291K New
BKNG Booking Holdings Inc. 0.01% 63 $290K Reduce -3.1%
DTE DTE Energy Company 0.01% 2,096 $290K Reduce -4.5%
YUM Yum! Brands Inc. 0.01% 1,788 $281K No change
PPG PPG Industries Inc. 0.01% 2,539 $278K Reduce -21.0%
NVS Novartis AG-Sponsored ADR 0.01% 2,488 $277K New
CTSH Cognizant Tech Solutions-A 0.01% 3,619 $277K Reduce -7.0%
CHKP Check Point Software Tech 0.01% 1,200 $274K New
CTAS Cintas Corp. 0.01% 1,329 $273K Add +10.7%
STX Seagate Technology Holdings 0.01% 3,210 $273K Reduce -19.7%
MNST Monster Beverage Corp. 0.01% 4,655 $272K Reduce -3.2%
VYM Vanguard High DVD Yield ETF 0.01% 2,087 $269K Add +0.7%
EHC Encompass Health Corp. 0.01% 2,649 $268K Reduce -6.3%
GLW Corning Inc. 0.01% 5,840 $267K Add +33.6%
FTNT Fortinet Inc. 0.01% 2,733 $263K Reduce -0.2%
SEIC Sei Investments Company 0.01% 3,381 $262K Reduce -1.1%
ARES Ares Management Corp. Class A 0.01% 1,761 $258K Add +43.9%
GAB Gabelli Equity Trust 0.01% 46,739 $258K Add +2.7%
BTI British American Tob-SP ADR 0.01% 6,176 $256K Reduce -17.5%
FSV Firstservice Corp. 0.01% 1,530 $254K No change
JBTM JBT Marel Corp. 0.01% 2,071 $253K Reduce -1.6%
BFS Saul Centers Inc. filed as SAUL CTRS INC 0.01% 6,987 $252K No change
FISV Fiserv Inc. 0.01% 1,140 $252K Reduce -4.9%
MSI Motorola Solutions Inc. 0.01% 569 $249K Add +28.7%
WDFC WD-40 Co. 0.01% 1,000 $244K Reduce -2.1%
VB Vanguard Most SM-Cap ETF-Usd 0.01% 1,093 $242K Reduce -2.8%
OXY Occidental Petroleum Corp. 0.01% 4,890 $241K Reduce -14.2%
CADE Cadence Bank 0.01% 7,931 $241K No change
HDV iShares Core High Dividend E 0.01% 1,980 $240K No change
ENOV Enovis Corp. 0.01% 6,211 $237K New
SYY Sysco Corp. 0.01% 3,150 $236K Reduce -33.3%
HPQ HP Inc. 0.01% 8,459 $234K Reduce -27.0%
UTG Reaves Utility Income Fund 0.01% 7,163 $233K New
BA The Boeing Co. 0.01% 1,356 $231K Reduce -10.3%
ESE Esco Technologies Inc. 0.01% 1,434 $228K Reduce -17.7%
RBA RB Global Inc. 0.01% 2,274 $228K Reduce -13.3%
SCHW Schwab (charles) Corp. 0.01% 2,909 $228K Reduce -3.8%
ODFL Old Dominion Freight Line 0.01% 1,365 $226K Reduce -4.5%
DVN Devon Energy Corp. 0.01% 6,020 $225K Reduce -38.9%
SPLV Invesco S&P 500 Low Volatili 0.01% 3,000 $224K No change
BEPC Brookfield Renewable Corp. 0.01% 7,995 $223K Reduce -6.1%
MKSI MKS Inc. filed as MKS INSTRS INC 0.01% 2,742 $220K Add +13.7%
TM Toyota Motor Corp. -Spon ADR 0.01% 1,239 $219K Add +0.6%
IEFA iShares Core MSCI Eafe ETF 0.01% 2,878 $218K New
OKE Oneok Inc. 0.01% 2,189 $217K Reduce -0.5%
TKO Tko Group Holdings Inc. 0.01% 1,419 $217K Reduce -3.0%
OCSL Oaktree Specialty Lending Co. 0.01% 14,013 $215K Add +22.2%
ACA Arcosa Inc. 0.01% 2,789 $215K Reduce -2.3%
WTW Willis Towers Watson PLC 0.01% 635 $215K Reduce -12.2%
KWR Quaker Chemical Corporation 0.01% 1,730 $214K New
SNOW Snowflake Inc. 0.01% 1,461 $214K Reduce -14.6%
MSCI MSCI Inc. 0.01% 376 $213K New
PFF iShares Preferred & Income S 0.01% 6,874 $211K No change
CIGI Colliers Intl GR-Subord Vot 0.01% 1,740 $211K No change
CP Canadian Pacific Kansas City 0.01% 3,004 $211K Add +4.4%
RL Ralph Lauren Corp. 0.01% 953 $210K Reduce -8.2%
ACGL Arch Capital Group Ltd. 0.01% 2,178 $209K Reduce -11.0%
CR Crane Co. 0.01% 1,367 $209K Reduce -5.0%
IOSP Innospec Inc. 0.01% 2,208 $209K Reduce -0.4%
HAL Halliburton Co. 0.01% 8,202 $208K Reduce -7.0%
CRUS Cirrus Logic Inc. 0.01% 2,080 $207K New
RS Reliance Inc. 0.01% 717 $207K Reduce -11.9%
ESAB Esab Corp. 0.01% 1,775 $207K Reduce -1.3%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.01% 1,597 $206K New
FWONK Liberty Media Corp. Class C 0.01% 2,284 $206K Reduce -0.4%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.01% 2,622 $203K New
SJNK SS SPDR BB St Hi Yield ETF 0.01% 8,000 $201K No change
ELV Elevance Health Inc. 0.01% 462 $201K New
PODD Insulet Corp. 0.01% 765 $201K New
XEVVX Eaton Vance Ltd. Durat Inc. 0.01% 18,552 $185K No change
CNH CNH Industrial NV 0.00% 14,582 $179K New
KYN Kayne Anderson Energy Infra 0.00% 11,919 $153K New
KW Kennedy-Wilson Holdings Inc. 0.00% 15,976 $139K No change
EHI Western Asset Global High Inc. 0.00% 20,726 $137K No change
JPC Nuveen Prefered & Income Opp 0.00% 15,988 $127K No change
UAA Under Armour Inc. Class A 0.00% 12,944 $81K No change
RUM Rum Group Inc. filed as RUMBLE INC 0.00% 10,000 $71K No change
XIGDX Voya GLBL Eqty DVD & PRM Opp 0.00% 10,000 $58K No change
OMEX Odyssey Marine Exploration 0.00% 84,066 $34K Reduce -1.1%
INAB IN8BIO Inc. 0.00% 180,000 $30K No change

Options reported separately and not counted above: PALO ALTO NETWORKS INC calls ($1.7M), ELI LILLY & CO calls ($1.0M), JPMORGAN CHASE & CO calls ($537K), WALMART INC calls ($418K).

Other holdings (51): bonds, preferreds, convertibles and warrants · $2.2M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 533$658KNo change
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 7,810$377KNew
OKTA INC (OKTA 0.125 09/01/25) NOTE 0.125% 9/0 · principal 63,000$62KNew
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 62,000$59KNew
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 64,000$58KNew
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 23,000$57KNew
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 56,000$56KNew
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 50,000$48KNew
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal 38,000$36KNew
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 37,000$34KNew
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 32,000$31KNew
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 25,000$30KNew
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 26,000$28KNew
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal 25,000$27KNew
FIVE9 INC (FIVN 0.5 06/01/25) NOTE 0.500% 6/0 · principal 26,000$26KNew
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 26,000$25KNew
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 25,000$25KNew
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal 25,000$25KNew
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 25,000$25KNew
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 19,000$24KNew
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal 25,000$24KNew
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 25,000$24KNew
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 10,000$23KNew
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 18,000$23KNew
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal 25,000$21KNew
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 15,000$21KNew
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 17,000$21KNew
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 12,000$19KNew
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 16,000$19KNew
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal 13,000$19KNew
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 16,000$18KNew
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 18,000$18KNew
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 19,000$18KNew
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 10,000$17KNew
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 12,000$16KNew
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 13,000$15KNew
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 13,000$15KNew
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 15,000$15KNew
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 13,000$15KNew
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 13,000$14KNew
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal 13,000$14KNew
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 14,000$14KNew
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 13,000$14KNew
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal 13,000$13KNew
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 13,000$13KNew
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 13,000$13KNew
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 13,000$13KNew
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 13,000$11KNew
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 13,000$11KNew
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal 11,000$11KNew
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal 11,000$11KNew

Total filed on the 13F, all lines: $3.7B.

Portfolio Sells Q4 2024 → Q1 2025
LMT Lockheed Martin Corp. Reduce -98.6% 0.02% −1.35
AAPL Apple Inc. Reduce -0.7% 5.92% −0.78
AVGO Broadcom Inc. Reduce -0.9% 0.70% −0.27
AMD Advanced Micro Devices Reduce -0.2% 1.41% −0.24
NKE Nike Inc. Class B Reduce -1.1% 1.13% −0.23
WMT Walmart Inc. Reduce -0.5% 4.62% −0.14
SBUX Starbucks Corp. Reduce -81.0% 0.04% −0.14
PANW Palo Alto Networks Inc. Reduce -0.6% 1.87% −0.13
BLK BlackRock Inc. Reduce -89.9% 0.01% −0.13
UNH Unitedhealth Group Inc. Reduce -41.1% 0.15% −0.09
SFBS Servisfirst Bancshares Inc. Reduce -0.9% 2.08% −0.07
NOW ServiceNow Inc. Reduce -0.3% 0.14% −0.05
IWM iShares Russell 2000 ETF Reduce -72.5% 0.01% −0.03
BBVA Banco Bilbao Vizcaya-SP ADR Reduce -67.2% 0.02% −0.03
ADBE Adobe Inc. Reduce -5.0% 0.10% −0.02
ADSK Autodesk Inc. Reduce -2.3% 0.12% −0.02
BX Blackstone Inc. Reduce -3.5% 0.07% −0.02
VMC Vulcan Materials Co. Reduce -1.2% 0.14% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -8.9% 0.09% −0.01
ULTA Ulta Beauty Inc. Reduce -0.5% 0.06% −0.01
AMAT Applied Materials Inc. Reduce -49.1% 0.01% −0.01
IWR iShares Russell Mid-Cap ETF Reduce -0.9% 0.26% −0.01
SAP Sap SE-Sponsored ADR Sold out 0.00% −0.01
VRT Vertiv Holdings Co. Class A Reduce -1.4% 0.02% −0.01
TXN Texas Instruments Inc. Reduce -2.1% 0.13% −0.01
EMR Emerson Electric Co. Reduce -14.2% 0.02% −0.01
LULU Lululemon Athletica Inc. Sold out 0.00% −0.01
TGT Target Corp. Reduce -16.9% 0.01% −0.01
CAT Caterpillar Inc. Reduce -0.9% 0.07% −0.01
ETR Entergy Corp. Sold out 0.00% −0.01
DJT Trump Media & Technology Gro Sold out 0.00% −0.01
MORN Morningstar Inc. Sold out 0.00% −0.01
EIX Edison International Sold out 0.00% −0.01
AIT Applied Industrial Tech Inc. Reduce -23.3% 0.02% −0.01
STZ Constellation Brands Inc. Class A Sold out 0.00% −0.01
PFE Pfizer Inc. Reduce -5.7% 0.06% −0.01
SRE Sempra Reduce -3.1% 0.02% −0.01
TPL Texas Pacific Land Corp. Reduce -35.0% 0.02% −0.01
J Jacobs Solutions Inc. Reduce -0.2% 0.06% −0.01
SNV Synovus Financial Corp. Reduce -0.4% 0.07% −0.01
USLM United States Lime & Mineral Sold out 0.00% −0.01
CNX CNX Resources Corp. Sold out 0.00% −0.01
VST Vistra Corp. Sold out 0.00% −0.01
DOCU Docusign Inc. Sold out 0.00% −0.01
KAI Kadant Inc. Sold out 0.00% −0.01
KKR KKR & Co. Inc. Sold out 0.00% −0.01
SU Suncor Energy Inc. Sold out 0.00% −0.01
GM General Motors Co. Reduce -23.9% 0.01% −0.01
SEE Sealed Air Corp. Sold out 0.00% −0.01
ISRG Intuitive Surgical Inc. Reduce -7.8% 0.03% −0.00

Portfolio Buys Q4 2024 → Q1 2025
META Meta Platforms Inc. Class A Add +125.5% 1.58% +0.87
BRK.B Berkshire Hathaway Inc. Class B Add +2.5% 4.23% +0.73
CVX Chevron Corp. Add +1.3% 3.54% +0.52
UPS United Parcel Service Class B Add +45.2% 1.87% +0.40
V Visa Inc. Class A Add +1.5% 3.28% +0.37
XOM Exxon Mobil Corp. Add +0.9% 3.29% +0.35
JNJ Johnson & Johnson Add +0.5% 2.39% +0.32
TJX TJX Companies Inc. Add +11.2% 1.66% +0.18
PSX Phillips 66 Add +1.8% 1.72% +0.17
DE Deere & Co. Add +0.3% 1.45% +0.15
MMM 3M Co. Add +1.9% 1.05% +0.15
CSCO Cisco Systems Inc. Add +1.0% 2.57% +0.14
RF Regions Financial Corp. Add +142.3% 0.24% +0.13
CLF Cleveland-Cliffs Inc. Add +41.5% 0.63% +0.12
PLD Prologis Inc. Add +1.0% 1.72% +0.11
LLY Eli Lilly & Co. Add +0.8% 1.25% +0.10
GEHC GE Healthcare Technology Add +0.9% 2.10% +0.09
RY Royal Bank of Canada New 0.08% +0.08
IDXX Idexx Laboratories Inc. New 0.07% +0.07
MA Mastercard Inc. Class A Add +24.1% 0.29% +0.07
PG The Procter & Gamble Co. Add +1.2% 1.63% +0.05
LIN Linde PLC Add +0.4% 0.43% +0.05
DHR Danaher Corp. Add +15.1% 1.42% +0.04
INTC Intel Corp. Add +136.6% 0.06% +0.04
MAA Mid-America Apartment Comm Add +1.4% 0.42% +0.04
PM Philip Morris International Add +41.9% 0.08% +0.04
VZ Verizon Communications Inc. Add +12.0% 0.18% +0.04
ABBV Abbvie Inc. Add +1.6% 0.21% +0.04
UNP Union Pacific Corp. Add +7.0% 0.29% +0.03
MCD McDonald's Corp. Add +0.8% 0.33% +0.03
CVS CVS Health Corp. Add +103.3% 0.03% +0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +32.4% 0.09% +0.02
NOC Northrop Grumman Corp. Add +6.1% 0.13% +0.02
SHEL Shell PLC-ADR Add +56.4% 0.04% +0.02
VGT Vanguard Info Tech ETF New 0.02% +0.02
DUK Duke Energy Corp. Add +8.2% 0.09% +0.02
VLO Valero Energy Corp. New 0.02% +0.02
CCI Crown Castle Inc. Add +11.4% 0.06% +0.01
RTX RTX Corp. Add +0.2% 0.11% +0.01
AGG iShares Core U.S. Aggregate Add +6.4% 0.16% +0.01
STT State Street Corp. New 0.01% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +13.1% 0.09% +0.01
EOG EOG Resources Inc. Add +0.2% 0.26% +0.01
WMB Williams Cos Inc. Add +6.4% 0.08% +0.01
MO Altria Group Inc. Add +1.7% 0.08% +0.01
UL Unilever PLC Add +69.7% 0.02% +0.01
TEL Te Connectivity PLC Add +61.4% 0.03% +0.01
IJR iShares Core S&P Small-Cap E Add +30.7% 0.06% +0.01
AR Antero Resources Corp. New 0.01% +0.01
SNPS Synopsys Inc. New 0.01% +0.01

Options Activity Q4 2024 → Q1 2025
PALO ALTO NETWORKS INC call New 2,758 $1.7M
ELI LILLY & CO call New 234 $1.0M
PROCTER & GAMBLE CO call Sold out 2,414 $832Kbefore exit
JPMORGAN CHASE & CO call New 1,207 $537K
WALMART INC call New 4,862 $418K

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

Notes & Other Activity Q4 2024 → Q1 2025
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD New 7,810 $377K
OKTA INC (OKTA 0.125 09/01/25) NOTE 0.125% 9/0 · principal New 63,000 $62K
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal New 62,000 $59K
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal New 64,000 $58K
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal New 23,000 $57K
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal New 56,000 $56K
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal New 50,000 $48K
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal New 38,000 $36K
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal New 37,000 $34K
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal New 32,000 $31K
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal New 25,000 $30K
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal New 26,000 $28K
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal New 25,000 $27K
FIVE9 INC (FIVN 0.5 06/01/25) NOTE 0.500% 6/0 · principal New 26,000 $26K
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal New 26,000 $25K
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal New 25,000 $25K
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal New 25,000 $25K
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal New 25,000 $25K
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal New 19,000 $24K
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal New 25,000 $24K
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal New 25,000 $24K
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal New 10,000 $23K
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal New 18,000 $23K
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal New 25,000 $21K
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal New 15,000 $21K
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal New 17,000 $21K
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal New 12,000 $19K
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal New 16,000 $19K
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal New 13,000 $19K
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal New 16,000 $18K
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal New 18,000 $18K
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal New 19,000 $18K
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal New 10,000 $17K
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal New 12,000 $16K
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal New 13,000 $15K
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal New 13,000 $15K
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal New 15,000 $15K
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal New 13,000 $15K
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal New 13,000 $14K
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal New 13,000 $14K
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal New 14,000 $14K
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal New 13,000 $14K
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal New 13,000 $13K
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal New 13,000 $13K
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal New 13,000 $13K
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal New 13,000 $13K
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal New 13,000 $11K
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal New 13,000 $11K
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal New 11,000 $11K
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal New 11,000 $11K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2025 395$4.3BAAPL, MSFT, GOOGL, WMT, JPM
Q2 2025 390$4.0BMSFT, AAPL, WMT, JPM, GOOGL
Q1 2025 352$3.7BAAPL, JPM, WMT, MSFT, BRK.B
Q4 2024 393$3.7BAAPL, MSFT, WMT, JPM, GOOGL
Q3 2024 402$3.8BAAPL, MSFT, WMT, JPM, GOOGL
Q2 2024 385$3.5BAAPL, MSFT, GOOGL, JPM, WMT
Q1 2024 364$3.2BMSFT, AAPL, JPM, GOOGL, CVX