Stonegate Investment Group, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), Stonegate Investment Group, LLC reported 390 stock positions worth $4.0 billion. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by Apple (AAPL, 5.1%) and Walmart (WMT, 4.8%). Compared with Q1 2025, it opened 50 new positions, sold out of 12, added to 178 and reduced 122. The biggest buy was a new position in JM Smucker (SJM) and the biggest sale United Parcel Service Class B (UPS, shares −90%).

Most Recent 13F
Q3 2025
Location
BIRMINGHAM, AL
CIK
0001904154
Portfolio Value
$4.0B (Q2 2025)
SEC Filing
0001951757-25-000936 ↗ filed Jul 23, 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 Q1 2025 Q2 2025: $4.0B $4.0B Q2 2025 Q3 2025: $4.3B Q3 2025

Holdings 390 stocks · $4.0B
MSFT Microsoft Corp. 5.54% 442,371 $220.0M Add +0.7%
AAPL Apple Inc. 5.15% 996,690 $204.5M Add +0.1%
WMT Walmart Inc. 4.79% 1,945,009 $190.2M Reduce -1.0%
JPM JPMorgan Chase & Co. 4.31% 590,089 $171.1M Reduce -17.1%
GOOGL Alphabet Inc. Class A 3.85% 868,964 $153.1M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 3.64% 297,322 $144.4M Add +0.1%
AMZN Amazon.com Inc. 3.42% 618,772 $135.8M Add +2.1%
V Visa Inc. Class A 3.13% 350,035 $124.3M Add +0.3%
CVX Chevron Corp. 2.87% 797,186 $114.1M Add +0.9%
XOM Exxon Mobil Corp. 2.82% 1,040,038 $112.1M Add +0.7%
CSCO Cisco Systems Inc. 2.73% 1,564,342 $108.5M Add +0.6%
PSX Phillips 66 2.67% 889,763 $106.1M Add +71.0%
HD Home Depot Inc. 2.38% 258,162 $94.7M Add +1.1%
PANW Palo Alto Networks Inc. 2.10% 406,892 $83.3M Reduce -0.5%
SO The Southern Co. 2.06% 890,861 $81.8M Add +1.2%
JNJ Johnson & Johnson 2.05% 532,973 $81.4M Reduce -0.8%
META Meta Platforms Inc. Class A 1.96% 105,668 $78.0M Add +3.0%
COST Costco Wholesale Corp. 1.90% 76,328 $75.6M Reduce -0.9%
IVV iShares Core S&P 500 ETF 1.88% 120,080 $74.6M Add +0.7%
SFBS Servisfirst Bancshares Inc. 1.83% 937,669 $72.7M Reduce -0.1%
GEHC GE Healthcare Technology 1.83% 980,942 $72.7M Add +1.1%
HON Honeywell International Inc. 1.80% 307,579 $71.6M Reduce -8.3%
AMD Advanced Micro Devices 1.80% 503,816 $71.5M Reduce -1.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.60% 515,920 $63.7M Add +1.3%
PLD Prologis Inc. 1.54% 581,115 $61.1M Add +0.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.53% 490,453 $60.8M Reduce -1.3%
DE Deere & Co. 1.48% 115,600 $58.8M Reduce -0.1%
SJM The JM Smucker Co. filed as SMUCKER J M CO 1.32% 533,899 $52.4M New
DHR Danaher Corp. 1.30% 260,496 $51.5M Add +0.5%
NKE Nike Inc. Class B 1.17% 654,817 $46.5M Reduce -1.3%
AVGO Broadcom Inc. 1.16% 166,927 $46.0M Add +6.9%
LLY Eli Lilly & Co. 1.13% 57,573 $44.9M Add +1.5%
MMM 3M Co. 1.05% 273,385 $41.6M Add +2.5%
PYPL PayPal Holdings Inc. 0.90% 482,740 $35.9M Reduce -3.7%
NVDA Nvidia Corp. 0.68% 170,660 $27.0M Add +11.2%
VOO Vanguard S&P 500 ETF 0.54% 37,631 $21.4M Add +0.8%
ORCL Oracle Corp. 0.53% 96,335 $21.1M Reduce -0.3%
QQQ Invesco QQQ Trust Series 1 0.53% 38,156 $21.0M Add +1.1%
TSM Taiwan Semiconductor-SP ADR 0.49% 86,155 $19.5M Add +0.9%
KO The Coca-Cola Co. 0.43% 239,596 $17.0M Add +0.9%
LIN Linde PLC 0.41% 34,776 $16.3M Reduce -0.3%
RSG Republic Services Inc. 0.39% 63,330 $15.6M Reduce -2.4%
PG The Procter & Gamble Co. 0.39% 96,046 $15.3M Reduce -73.0%
MS Morgan Stanley 0.36% 100,837 $14.2M Add +0.2%
MAA Mid-America Apartment Comm 0.35% 93,408 $13.8M Reduce -0.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.32% 43,925 $12.5M Add +2.4%
MCD McDonald's Corp. 0.29% 39,641 $11.6M Add +1.5%
MA Mastercard Inc. Class A 0.28% 19,978 $11.2M Add +0.5%
ABT Abbott Laboratories 0.27% 79,116 $10.8M Reduce -0.5%
AXP American Express Co. 0.25% 31,739 $10.1M Add +1693.2%
VRT Vertiv Holdings Co. Class A 0.25% 78,837 $10.1M Add +890.4%
RF Regions Financial Corp. 0.25% 414,990 $9.8M Add +0.9%
IWR iShares Russell Mid-Cap ETF 0.24% 103,348 $9.5M Reduce -8.1%
UNP Union Pacific Corp. 0.24% 41,150 $9.5M Reduce -10.5%
RSP Invesco S&P 500 Equal Weight 0.23% 49,303 $9.0M Add +744.1%
ETN Eaton Corp. PLC 0.22% 24,898 $8.9M Add +367.5%
NEE Nextera Energy Inc. 0.21% 118,439 $8.2M Add +5.3%
GE General Electric filed as GE AEROSPACE 0.19% 29,569 $7.6M Reduce -2.6%
ABBV Abbvie Inc. 0.19% 40,031 $7.4M Add +4.7%
IVE iShares S&P 500 Value ETF 0.18% 37,011 $7.2M Reduce -0.1%
ACN Accenture PLC Class A 0.18% 23,554 $7.0M Reduce -0.7%
NOW ServiceNow Inc. 0.17% 6,679 $6.9M Reduce -0.2%
TT Trane Technologies PLC 0.17% 15,495 $6.8M Reduce -0.1%
UPS United Parcel Service Class B 0.17% 66,224 $6.7M Reduce -89.6%
PEP Pepsico Inc. 0.17% 50,359 $6.6M Add +85.8%
VZ Verizon Communications Inc. 0.16% 150,857 $6.5M Add +4.6%
INTU Intuit Inc. 0.15% 7,465 $5.9M Add +5.0%
AGG iShares Core U.S. Aggregate 0.15% 58,864 $5.8M Reduce -2.5%
CB Chubb Ltd. 0.14% 19,758 $5.7M Reduce -0.5%
TXN Texas Instruments Inc. 0.14% 26,792 $5.6M Reduce -1.4%
ADSK Autodesk Inc. 0.13% 17,132 $5.3M Reduce -0.9%
MRSH Marsh & McLennan Cos 0.13% 24,096 $5.3M Reduce -4.2%
WMB Williams Cos Inc. 0.13% 82,724 $5.2M Add +75.2%
VMC Vulcan Materials Co. 0.13% 19,487 $5.1M Reduce -10.9%
GEV GE Vernova Inc. 0.13% 9,484 $5.0M Add +71.2%
IWF iShares Russell 1000 Growth 0.12% 11,554 $4.9M Reduce -1.2%
KLAC KLA Corp. 0.12% 5,417 $4.9M New
NOC Northrop Grumman Corp. 0.12% 9,694 $4.8M Reduce -1.4%
ADBE Adobe Inc. 0.12% 12,418 $4.8M Add +23.0%
COP Conocophillips 0.12% 52,283 $4.7M Reduce -1.0%
NSC Norfolk Southern Corp. 0.11% 17,091 $4.4M Reduce -2.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 14,633 $4.3M Add +3.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.11% 9,766 $4.3M Add +2.9%
RTX RTX Corp. 0.10% 28,174 $4.1M Reduce -6.3%
CAT Caterpillar Inc. 0.10% 9,997 $3.9M Add +25.1%
GL Globe Life Inc. 0.10% 30,962 $3.8M Reduce -8.6%
WFC Wells Fargo & Co. 0.10% 47,512 $3.8M Add +3.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.10% 21,515 $3.8M Add +5.5%
ISRG Intuitive Surgical Inc. 0.09% 6,830 $3.7M Add +173.2%
WM Waste Management Inc. 0.09% 16,015 $3.7M Add +0.4%
VTI VG Morningstar TS MKT ETF-US 0.09% 12,038 $3.7M Add +0.4%
IDXX Idexx Laboratories Inc. 0.09% 6,715 $3.6M Add +9.6%
PM Philip Morris International 0.09% 19,690 $3.6M Add +2.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 12,577 $3.5M Reduce -2.6%
RY Royal Bank of Canada 0.09% 26,575 $3.5M No change
ORLY O'reilly Automotive Inc. 0.09% 38,411 $3.5M Add +4.0%
WDAY Workday Inc. Class A 0.09% 14,122 $3.4M Add +3.8%
GOOG Alphabet Inc. Class C 0.08% 18,780 $3.3M Reduce -8.5%
KVUE Kenvue Inc. 0.08% 154,980 $3.2M Reduce -4.1%
AMGN Amgen Inc. 0.08% 11,457 $3.2M Reduce -13.7%
CEG Constellation Energy 0.08% 9,801 $3.2M Add +269.9%
JCI Johnson Controls Internation 0.08% 29,601 $3.1M Reduce -3.7%
DUK Duke Energy Corp. 0.08% 26,242 $3.1M Reduce -0.3%
ULTA Ulta Beauty Inc. 0.08% 6,610 $3.1M Add +0.3%
VIG Vanguard Dividend Apprec ETF 0.08% 15,032 $3.1M Add +1.3%
CMG Chipotle Mexican Grill Inc. 0.08% 54,774 $3.1M Add +271.7%
MO Altria Group Inc. 0.07% 49,444 $2.9M Add +3.3%
UNH Unitedhealth Group Inc. 0.07% 9,053 $2.8M Reduce -12.9%
SNV Synovus Financial Corp. 0.07% 53,345 $2.8M Add +0.0%
AR Antero Resources Corp. 0.07% 67,966 $2.7M Add +704.6%
MAR Marriott International Class A 0.07% 10,018 $2.7M Add +1.1%
VRTX Vertex Pharmaceuticals Inc. 0.07% 6,142 $2.7M Reduce -3.4%
KMI Kinder Morgan Inc. 0.07% 91,980 $2.7M Add +224.2%
GS Goldman Sachs Group Inc. 0.07% 3,809 $2.7M Reduce -2.5%
EQT Eqt Corp. 0.07% 45,903 $2.7M Add +262.5%
BX Blackstone Inc. 0.07% 17,729 $2.7M Reduce -0.0%
CCI Crown Castle Inc. 0.07% 25,308 $2.6M Add +9.0%
NVO Novo-Nordisk A/S-Spons ADR 0.07% 37,428 $2.6M Add +15.1%
FNF Fidelity National Financial 0.06% 45,576 $2.6M Add +1.0%
LOW Lowe's Cos Inc. 0.06% 11,301 $2.5M Add +0.6%
J Jacobs Solutions Inc. 0.06% 18,823 $2.5M Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 3,977 $2.5M Reduce -4.4%
MRK Merck & Co. Inc. 0.06% 30,623 $2.4M Reduce -0.8%
BHP BHP Group Ltd.-Spon ADR 0.06% 48,810 $2.3M Add +44.2%
INTC Intel Corp. 0.06% 103,981 $2.3M Add +1.5%
CRM Salesforce Inc. 0.06% 8,479 $2.3M Add +0.4%
VST Vistra Corp. 0.06% 11,897 $2.3M New
PFE Pfizer Inc. 0.06% 91,905 $2.2M Add +0.7%
TRV The Travelers Cos Inc. 0.06% 8,306 $2.2M Reduce -2.8%
IJR iShares Core S&P Small-Cap E 0.05% 19,033 $2.1M Reduce -9.2%
GPN Global Payments Inc. 0.05% 25,188 $2.0M Reduce -5.5%
TLN Talen Energy Corp. 0.05% 6,684 $1.9M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 39,971 $1.9M Add +1.1%
APD Air Products & Chemicals Inc. 0.05% 6,693 $1.9M Reduce -2.0%
FCX Freeport-McMoran Inc. 0.05% 43,269 $1.9M Add +44.3%
ECL Ecolab Inc. 0.05% 6,865 $1.8M Add +1.3%
ENB Enbridge Inc. 0.05% 40,659 $1.8M Add +0.1%
CNX CNX Resources Corp. 0.05% 54,347 $1.8M New
RRC Range Resources Corp. 0.05% 45,000 $1.8M New
UL Unilever PLC 0.05% 29,261 $1.8M Add +104.9%
FIS Fidelity National Info Serv 0.04% 21,654 $1.8M Add +3.3%
GPC Genuine Parts Co. 0.04% 14,510 $1.8M No change
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.04% 4,185 $1.7M No change
PWR Quanta Services Inc. 0.04% 4,467 $1.7M New
IWS iShares Russell Mid-Cap Valu 0.04% 12,672 $1.7M Add +1.1%
SDY SS SPDR S&P Dividend ETF 0.04% 11,903 $1.6M No change
T AT&T Inc. 0.04% 52,455 $1.5M Reduce -0.6%
AEP American Electric Power 0.04% 14,511 $1.5M Add +96.9%
SHEL Shell PLC-ADR 0.04% 21,025 $1.5M Add +7.7%
AMT American Tower Corp. 0.04% 6,545 $1.4M Add +6.1%
PH Parker Hannifin Corp. 0.04% 2,063 $1.4M Reduce -1.9%
IWV iShares Russell 3000 ETF 0.03% 3,912 $1.4M No change
LHX L3HARRIS Technologies Inc. 0.03% 5,385 $1.4M Add +43.5%
BDX Becton Dickinson and Co. 0.03% 7,841 $1.4M Add +24.3%
NFLX Netflix Inc. 0.03% 1,008 $1.3M Reduce -1.1%
CMCSA Comcast Corp. Class A 0.03% 37,780 $1.3M Reduce -1.9%
EOG EOG Resources Inc. 0.03% 11,179 $1.3M Reduce -85.3%
CVS CVS Health Corp. 0.03% 19,370 $1.3M Add +4.7%
NRG NRG Energy Inc. 0.03% 8,168 $1.3M New
SBUX Starbucks Corp. 0.03% 14,192 $1.3M Add +5.7%
KMB Kimberly-Clark Corp. 0.03% 9,772 $1.3M Add +267.1%
GLD SPDR Gold Shares 0.03% 4,076 $1.2M No change
HUBB Hubbell Inc. 0.03% 3,000 $1.2M New
AZN Astrazeneca PLC-Spons ADR 0.03% 17,252 $1.2M Add +5.8%
FBTC Fidelity Wise Origin Bitcoin 0.03% 12,822 $1.2M Add +73.9%
TEL Te Connectivity PLC 0.03% 7,074 $1.2M Add +2.9%
VTWO Vanguard Russell 2000 ETF 0.03% 13,404 $1.2M Add +1.0%
ASML ASML Holding NV-NY Reg SHS 0.03% 1,453 $1.2M Add +6.2%
CRWD CrowdStrike Holdings Inc. Class A 0.03% 2,182 $1.1M Reduce -11.4%
SRE Sempra 0.03% 14,477 $1.1M Add +12.1%
BMY Bristol-Myers Squibb Co. 0.03% 23,149 $1.1M Reduce -17.4%
C Citigroup Inc. 0.03% 12,528 $1.1M Add +1.4%
CL Colgate-Palmolive Co. 0.03% 11,644 $1.1M Reduce -0.6%
BBVA Banco Bilbao Vizcaya-SP ADR 0.03% 67,917 $1.0M Add +6.5%
SHW The Sherwin-Williams Co. 0.03% 3,012 $1.0M Add +11.8%
KHC The Kraft Heinz Co. 0.03% 39,554 $1.0M Add +21.6%
TMO Thermo Fisher Scientific Inc. 0.03% 2,499 $1.0M Reduce -65.4%
QCOM Qualcomm Inc. 0.03% 6,355 $1.0M Reduce -2.1%
ARES Ares Management Corp. Class A 0.03% 5,771 $1000K Add +227.7%
RIO Rio Tinto PLC-Spon ADR 0.02% 16,962 $989K Add +141.4%
TSLA Tesla Inc. 0.02% 3,064 $973K Reduce -5.6%
EMR Emerson Electric Co. 0.02% 7,287 $972K Reduce -12.1%
CAG Conagra Brands Inc. 0.02% 47,431 $971K Add +26.7%
D Dominion Energy Inc. 0.02% 17,145 $969K Add +13.0%
KYN Kayne Anderson Energy Infra 0.02% 75,429 $959K Add +532.9%
SCHH Schwab US REIT ETF 0.02% 45,250 $957K No change
APO Apollo Global Management Inc. 0.02% 6,554 $930K Add +14.6%
SHOP Shopify Inc. Class A 0.02% 8,058 $929K Reduce -29.7%
AMP Ameriprise Financial Inc. 0.02% 1,697 $906K Add +0.3%
SYK Stryker Corp. 0.02% 2,222 $879K Add +4.2%
BP BP PLC-Spons ADR 0.02% 29,149 $872K Add +9.8%
AIG American International Group 0.02% 9,249 $792K Reduce -10.6%
URNM Sprott Uranium Miners ETF 0.02% 16,000 $767K New
VGT Vanguard Info Tech ETF 0.02% 1,140 $756K No change
OKE Oneok Inc. 0.02% 9,167 $748K Add +318.8%
SPGI S&P Global Inc. 0.02% 1,386 $731K Reduce -2.5%
MELI MercadoLibre Inc. 0.02% 279 $729K Reduce -28.6%
MLPX Global X MLP & Energy Infras 0.02% 11,580 $726K No change
XEL Xcel Energy Inc. 0.02% 10,522 $717K New
BSX Boston Scientific Corp. 0.02% 6,656 $715K Reduce -6.5%
ET Energy Transfer LP 0.02% 39,418 $715K Add +12.0%
CSX CSX Corp. 0.02% 21,575 $704K Add +18.7%
AIT Applied Industrial Tech Inc. 0.02% 3,000 $697K No change
CTVA Corteva Inc. 0.02% 9,313 $694K Add +0.3%
ARCC Ares Capital Corp. 0.02% 31,404 $690K Add +127.6%
MDT Medtronic PLC 0.02% 7,846 $684K Add +27.3%
CAH Cardinal Health Inc. 0.02% 3,995 $671K Add +2.9%
PLTR Palantir Technologies Inc. Class A 0.02% 4,905 $669K Reduce -8.8%
CCJ Cameco Corp. 0.02% 9,000 $668K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 631 $656K Reduce -3.1%
TMUS T-Mobile US Inc. 0.02% 2,718 $648K Reduce -5.5%
MET Metlife Inc. 0.02% 8,045 $647K Add +4.2%
MPC Marathon Petroleum Corp. 0.02% 3,870 $643K Reduce -4.9%
SSNC Ss&c Technologies Holdings 0.02% 7,710 $638K Add +13.8%
HIG Hartford Insurance Group Inc. 0.02% 4,930 $625K No change
DOW Dow Inc. 0.02% 23,243 $615K Add +20.6%
PNC PNC Financial Services Group 0.02% 3,278 $611K Add +12.3%
VLO Valero Energy Corp. 0.02% 4,538 $610K No change
ROK Rockwell Automation Inc. 0.02% 1,819 $604K Add +0.1%
XLK SS Technology Select Sector 0.01% 2,360 $598K Add +8.7%
FCNCA First Citizens Bcshs Class A 0.01% 305 $597K Add +14.2%
XLE SS Energy Select Sector 0.01% 7,000 $594K New
AVB Avalonbay Communities Inc. 0.01% 2,901 $590K Add +12.6%
LH Labcorp Holdings Inc. 0.01% 2,237 $587K Add +5.6%
JOE The St Joe Co. 0.01% 12,283 $586K Reduce -31.8%
UBER Uber Technologies Inc. 0.01% 6,260 $584K Reduce -17.3%
TPL Texas Pacific Land Corp. 0.01% 538 $569K Reduce -17.9%
COF Capital One Financial Corp. 0.01% 2,657 $565K Reduce -16.6%
ADP Automatic Data Processing 0.01% 1,828 $564K Reduce -13.4%
VG Venture Global Inc. Class A 0.01% 35,841 $558K New
LMT Lockheed Martin Corp. 0.01% 1,203 $557K Reduce -16.1%
AMLP Alerian MLP ETF 0.01% 11,370 $556K Add +3.0%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 1,503 $550K Add +16.2%
F Ford Motor Co. filed as FORD MTR CO 0.01% 49,585 $538K Reduce -0.4%
HLN Haleon PLC-ADR 0.01% 50,835 $527K Add +12.5%
CG The Carlyle Group Inc. 0.01% 10,077 $518K Add +18.4%
MU Micron Technology Inc. 0.01% 4,201 $518K Add +5.5%
ICE Intercontinental Exchange Inc. 0.01% 2,817 $517K Reduce -35.5%
DG Dollar General Corp. 0.01% 4,337 $496K Add +29.1%
PSA Public Storage 0.01% 1,677 $492K Add +24.2%
IOT Samsara Inc. Class A 0.01% 12,300 $489K No change
ALL Allstate Corp. 0.01% 2,412 $486K No change
SCHW Schwab (charles) Corp. 0.01% 5,277 $481K Add +81.4%
OWL Blue Owl Capital Inc. 0.01% 24,581 $472K New
TDG Transdigm Group Inc. 0.01% 307 $466K Add +5.5%
ABNB Airbnb Inc. Class A 0.01% 3,511 $465K Reduce -1.5%
DD Dupont DE Nemours Inc. 0.01% 6,640 $455K Add +0.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 13,421 $454K Reduce -58.1%
TGT Target Corp. 0.01% 4,594 $453K Reduce -6.0%
EXC Exelon Corp. 0.01% 10,411 $452K Add +5.3%
GILD Gilead Sciences Inc. 0.01% 4,072 $451K Reduce -5.9%
DKS Dick's Sporting Goods Inc. 0.01% 2,278 $451K Add +10.3%
BCRX Biocryst Pharmaceuticals Inc. 0.01% 49,688 $445K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.01% 4,847 $445K Add +30.8%
FELV Fidelity Enh LRG Cap Val ETF 0.01% 13,781 $438K No change
BA The Boeing Co. 0.01% 2,069 $434K Add +52.6%
UBS UBS Group AG-Reg 0.01% 12,659 $428K Add +2.5%
PGR Progressive Corp. 0.01% 1,589 $424K Add +16.1%
VEA Vanguard Ftse Developed ETF 0.01% 7,388 $421K New
EPD Enterprise Products Partners 0.01% 13,307 $413K Add +0.3%
SNOW Snowflake Inc. 0.01% 1,842 $412K Add +26.1%
BAX Baxter International Inc. 0.01% 13,475 $408K Add +13.9%
SEIC Sei Investments Company 0.01% 4,538 $408K Add +34.2%
HUBS HubSpot Inc. 0.01% 725 $404K Reduce -6.7%
BKNG Booking Holdings Inc. 0.01% 69 $399K Add +9.5%
ECG Everus Construction Group 0.01% 6,250 $397K New
SMBK Smartfinancial Inc. 0.01% 11,690 $395K No change
CME Cme Group Inc. 0.01% 1,424 $392K Reduce -2.7%
NOBL Proshares S&P 500 Dividend A 0.01% 3,875 $390K No change
ZTS Zoetis Inc. 0.01% 2,501 $390K Reduce -7.4%
SONY Sony Group Corp. - SP ADR 0.01% 14,875 $387K Reduce -12.0%
APP AppLovin Corp. Class A 0.01% 1,083 $379K Reduce -9.8%
SNPS Synopsys Inc. 0.01% 732 $375K Add +7.0%
VB Vanguard Most SM-Cap ETF-Usd 0.01% 1,574 $373K Add +44.0%
MDLZ Mondelez International Inc. Class A 0.01% 5,500 $371K Add +1.9%
PINS Pinterest Inc. Class A 0.01% 10,268 $368K Reduce -20.7%
STX Seagate Technology Holdings 0.01% 2,535 $366K Reduce -21.0%
MYRG MYR Group Inc./Delaware 0.01% 2,000 $363K New
CLX Clorox Company 0.01% 2,929 $352K Add +41.5%
VONG Vanguard Russell 1000 Growth 0.01% 3,191 $348K Reduce -3.3%
DEO Diageo PLC-Sponsored ADR 0.01% 3,435 $346K Reduce -1.2%
SNY Sanofi-ADR 0.01% 7,127 $344K Add +13.8%
BLK BlackRock Inc. 0.01% 327 $343K Reduce -36.9%
AXON Axon Enterprise Inc. 0.01% 400 $331K New
AGX Argan Inc. 0.01% 1,500 $331K New
EA Electronic Arts Inc. 0.01% 2,057 $329K Reduce -4.1%
EHC Encompass Health Corp. 0.01% 2,650 $325K Add +0.0%
IJH iShares Core S&P Midcap ETF 0.01% 5,220 $324K Reduce -16.7%
TXT Textron Inc. 0.01% 4,021 $323K No change
TSCO Tractor Supply Company 0.01% 6,014 $317K Reduce -4.3%
BND Vanguard Total Bond Market 0.01% 4,305 $317K No change
MKSI MKS Inc. 0.01% 3,174 $315K Add +15.8%
TIP iShares Tips Bond ETF 0.01% 2,801 $308K No change
GLW Corning Inc. 0.01% 5,840 $307K No change
HLT Hilton Worldwide Holdings Inc. 0.01% 1,151 $307K New
EQIX Equinix Inc. 0.01% 383 $305K Reduce -5.9%
NVS Novartis AG-Sponsored ADR 0.01% 2,488 $301K No change
TFC Truist Financial Corp. 0.01% 6,936 $298K Reduce -26.3%
CTAS Cintas Corp. 0.01% 1,298 $289K Reduce -2.3%
FTNT Fortinet Inc. 0.01% 2,734 $289K Add +0.0%
CRH CRH PLC 0.01% 3,135 $288K Reduce -43.7%
HPQ HP Inc. 0.01% 11,567 $283K Add +36.7%
FSV Firstservice Corp. 0.01% 1,603 $280K Add +4.8%
GAB Gabelli Equity Trust 0.01% 47,974 $279K Add +2.6%
VYM Vanguard High DVD Yield ETF 0.01% 2,087 $278K No change
MNST Monster Beverage Corp. 0.01% 4,440 $278K Reduce -4.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 866 $277K Reduce -31.3%
JBTM JBT Marel Corp. 0.01% 2,296 $276K Add +10.9%
ACA Arcosa Inc. 0.01% 3,164 $274K Add +13.4%
DTE DTE Energy Company 0.01% 2,070 $274K Reduce -1.2%
BTI British American Tob-SP ADR 0.01% 5,756 $272K Reduce -6.8%
SYM Symbotic Inc. 0.01% 7,007 $272K New
HES Hess Corp. 0.01% 1,961 $272K Reduce -19.8%
RBA RB Global Inc. 0.01% 2,517 $267K Add +10.7%
PCG P G & E Corp. 0.01% 19,075 $266K Add +9.6%
CTSH Cognizant Tech Solutions-A 0.01% 3,406 $266K Reduce -5.9%
CHKP Check Point Software Tech 0.01% 1,200 $266K No change
YUM Yum! Brands Inc. 0.01% 1,788 $265K No change
PPG PPG Industries Inc. 0.01% 2,326 $265K Reduce -8.4%
ANET Arista Networks Inc. 0.01% 2,572 $263K New
SOLV Solventum Corp. 0.01% 3,467 $263K New
HAS Hasbro Inc. 0.01% 3,550 $262K New
AMAT Applied Materials Inc. 0.01% 1,419 $260K Reduce -43.5%
CR Crane Co. 0.01% 1,367 $260K No change
UTG Reaves Utility Income Fund 0.01% 7,171 $259K Add +0.1%
CADE Cadence Bank 0.01% 7,931 $254K No change
CPB The Campbell's Company 0.01% 8,265 $253K New
FWONK Liberty Media Corp. Class C 0.01% 2,403 $251K Add +5.2%
CP Canadian Pacific Kansas City 0.01% 3,156 $250K Add +5.1%
RS Reliance Inc. 0.01% 796 $250K Add +11.0%
HAE Haemonetics Corp. 0.01% 3,307 $247K New
ESE Esco Technologies Inc. 0.01% 1,283 $246K Reduce -10.5%
HOOD Robinhood Markets Inc. Class A 0.01% 2,616 $245K New
SJNK SS SPDR BB St Hi Yield ETF 0.01% 9,590 $244K Add +19.9%
TM Toyota Motor Corp. -Spon ADR 0.01% 1,417 $244K Add +14.4%
TKO Tko Group Holdings Inc. 0.01% 1,328 $242K Reduce -6.4%
OXY Occidental Petroleum Corp. 0.01% 5,713 $240K Add +16.8%
PODD Insulet Corp. 0.01% 763 $240K Reduce -0.3%
SPOT Spotify Technology SA 0.01% 311 $239K New
SYY Sysco Corp. 0.01% 3,150 $239K No change
RBC RBC Bearings Inc. 0.01% 620 $239K New
BFS Saul Centers Inc. filed as SAUL CTRS INC 0.01% 6,987 $239K No change
CIGI Colliers Intl GR-Subord Vot 0.01% 1,824 $238K Add +4.8%
SMR Nuscale Power Corp. 0.01% 6,000 $237K New
HWM Howmet Aerospace Inc. 0.01% 1,266 $236K New
EXE Expand Energy Corp. 0.01% 1,988 $232K New
HDV iShares Core High Dividend E 0.01% 1,980 $232K No change
MSCI MSCI Inc. 0.01% 398 $230K Add +5.8%
BEPC Brookfield Renewable Corp. 0.01% 7,000 $229K Reduce -12.4%
WDFC WD-40 Co. 0.01% 1,000 $228K No change
GM General Motors Co. 0.01% 4,598 $226K Reduce -49.2%
CRUS Cirrus Logic Inc. 0.01% 2,164 $226K Add +4.0%
ESAB Esab Corp. 0.01% 1,858 $224K Add +4.7%
ALNY Alnylam Pharmaceuticals Inc. 0.01% 684 $223K New
TECK Teck Resources Ltd.-CLS B 0.01% 5,508 $222K New
PAGP Plains GP Holdings LP 0.01% 11,423 $222K New
LRCX Lam Research Corp. 0.01% 2,272 $221K New
AFL Aflac Inc. 0.01% 2,091 $221K New
WTW Willis Towers Watson PLC 0.01% 716 $219K Add +12.8%
LDOS Leidos Holdings Inc. 0.01% 1,389 $219K New
SPLV Invesco S&P 500 Low Volatili 0.01% 3,000 $218K No change
LW Lamb Weston Holdings Inc. 0.01% 4,213 $218K New
ODFL Old Dominion Freight Line 0.01% 1,339 $217K Reduce -1.9%
KWR Quaker Chemical Corporation 0.01% 1,940 $217K Add +12.1%
VMI Valmont Industries 0.01% 663 $217K New
CNH CNH Industrial NV 0.01% 16,530 $214K Add +13.4%
PFF iShares Preferred & Income S 0.01% 6,874 $211K No change
LFUS Littelfuse Inc. 0.01% 926 $210K New
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.01% 1,597 $210K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.01% 2,848 $209K Add +8.6%
DELL Dell Technologies -C 0.01% 1,675 $205K New
DOCS Doximity Inc. Class A 0.01% 3,344 $205K New
ACGL Arch Capital Group Ltd. 0.01% 2,245 $204K Add +3.1%
ENOV Enovis Corp. 0.01% 6,517 $204K Add +4.9%
ELV Elevance Health Inc. 0.01% 525 $204K Add +13.6%
SEE Sealed Air Corp. 0.01% 6,553 $203K New
IVW iShares S&P 500 Growth ETF 0.01% 1,838 $202K New
FDN First Trust DJ Internet Ind 0.01% 743 $200K New
OCSL Oaktree Specialty Lending Co. 0.00% 14,371 $196K Add +2.5%
XEVVX Eaton Vance Ltd. Durat Inc. 0.00% 18,552 $190K No change
EHI Western Asset Global High Inc. 0.00% 20,726 $136K No change
JPC Nuveen Prefered & Income Opp 0.00% 15,488 $124K Reduce -3.1%
CLF Cleveland-Cliffs Inc. 0.00% 12,739 $97K Reduce -99.5%
RUM Rum Group Inc. filed as RUMBLE INC 0.00% 10,000 $90K No change
UAA Under Armour Inc. Class A 0.00% 12,944 $88K No change
OMEX Odyssey Marine Exploration 0.00% 74,066 $87K Reduce -11.9%
EOSE Eos Energy Enterprises Inc. 0.00% 15,000 $77K New
NPWR Net Power Inc. 0.00% 25,000 $62K New
XIGDX Voya GLBL Eqty DVD & PRM Opp 0.00% 10,000 $58K No change
GUARDANT HEALTH INC (GH 1.25 02/15/31) 0.00% 21,000 $24K New

Options reported separately and not counted above: PALO ALTO NETWORKS INC calls ($3.2M), EQT CORP calls ($359K), ANTERO RESOURCES CORP calls ($326K), RANGE RES CORP calls ($319K), VISTRA CORP calls ($319K), TALEN ENERGY CORP calls ($314K), OKLO INC calls ($300K).

Other holdings (51): bonds, preferreds, convertibles and warrants · $2.3M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 533$647KNo change
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 8,070$428KAdd +3.3%
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 62,000$59KNo change
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 64,000$58KNo change
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 56,000$57KNo change
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 50,000$48KNo change
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal 37,000$44KAdd +48.0%
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 37,000$44KAdd +48.0%
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 23,000$41KNew
OKTA INC (OKTA 0.125 09/01/25) NOTE 0.125% 9/0 · principal 36,000$36KReduce -42.9%
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 37,000$35KNo change
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 18,000$34KNew
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 21,000$32KAdd +40.0%
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 25,000$32KAdd +92.3%
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 26,000$30KNo change
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 32,000$28KNo change
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 26,000$28KNo change
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 19,000$27KNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 25,000$25KNew
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal 25,000$24KNo change
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 25,000$24KNo change
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal 25,000$24KNo change
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 13,000$23KNew
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 18,000$22KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 16,000$21KNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 12,000$21KNo change
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 17,000$21KNo change
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 10,000$21KNo change
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal 25,000$20KNo change
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 13,000$20KNo change
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 16,000$20KNo change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 18,000$19KAdd +38.5%
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal 16,000$19KAdd +23.1%
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 19,000$18KNo change
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 12,000$17KNo change
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 15,000$16KNo change
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 14,000$16KNo change
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 13,000$15KNew
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 18,000$15KNo change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 12,000$15KNew
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 10,000$15KReduce -60.0%
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 13,000$15KNo change
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 13,000$14KNo change
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 13,000$14KNew
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 13,000$13KNo change
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 13,000$13KNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 13,000$13KNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 13,000$12KNo change
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 12,000$12KReduce -52.0%
DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) NOTE 3/1 · principal 13,000$12KNo change
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal 11,000$11KNo change

Total filed on the 13F, all lines: $4.0B.

Portfolio Sells Q1 2025 → Q2 2025
UPS United Parcel Service Class B Reduce -89.6% 0.17% −1.71
PG The Procter & Gamble Co. Reduce -73.0% 0.39% −1.24
CLF Cleveland-Cliffs Inc. Reduce -99.5% 0.00% −0.63
JPM JPMorgan Chase & Co. Reduce -17.1% 4.31% −0.37
JNJ Johnson & Johnson Reduce -0.8% 2.05% −0.34
SFBS Servisfirst Bancshares Inc. Reduce -0.1% 1.83% −0.25
EOG EOG Resources Inc. Reduce -85.3% 0.03% −0.23
HON Honeywell International Inc. Reduce -8.3% 1.80% −0.10
UNH Unitedhealth Group Inc. Reduce -12.9% 0.07% −0.07
MAA Mid-America Apartment Comm Reduce -0.2% 0.35% −0.07
TMO Thermo Fisher Scientific Inc. Reduce -65.4% 0.03% −0.07
UNP Union Pacific Corp. Reduce -10.5% 0.24% −0.05
COST Costco Wholesale Corp. Reduce -0.9% 1.90% −0.05
MRSH Marsh & McLennan Cos Reduce -4.2% 0.13% −0.03
COP Conocophillips Reduce -1.0% 0.12% −0.03
AMGN Amgen Inc. Reduce -13.7% 0.08% −0.03
RSG Republic Services Inc. Reduce -2.4% 0.39% −0.03
SLB SLB Ltd. Reduce -58.1% 0.01% −0.02
LIN Linde PLC Reduce -0.3% 0.41% −0.02
GL Globe Life Inc. Reduce -8.6% 0.10% −0.02
KVUE Kenvue Inc. Reduce -4.1% 0.08% −0.02
ACN Accenture PLC Class A Reduce -0.7% 0.18% −0.02
GPN Global Payments Inc. Reduce -5.5% 0.05% −0.02
BMY Bristol-Myers Squibb Co. Reduce -17.4% 0.03% −0.02
IWR iShares Russell Mid-Cap ETF Reduce -8.1% 0.24% −0.02
CB Chubb Ltd. Reduce -0.5% 0.14% −0.02
VRTX Vertex Pharmaceuticals Inc. Reduce -3.4% 0.07% −0.01
MRK Merck & Co. Inc. Reduce -0.8% 0.06% −0.01
STT State Street Corp. Sold out 0.00% −0.01
AGG iShares Core U.S. Aggregate Reduce -2.5% 0.15% −0.01
NOC Northrop Grumman Corp. Reduce -1.4% 0.12% −0.01
ABT Abbott Laboratories Reduce -0.5% 0.27% −0.01
IWM iShares Russell 2000 ETF Sold out 0.00% −0.01
TPL Texas Pacific Land Corp. Reduce -17.9% 0.01% −0.01
VMC Vulcan Materials Co. Reduce -10.9% 0.13% −0.01
CPRT Copart Inc. Sold out 0.00% −0.01
DUK Duke Energy Corp. Reduce -0.3% 0.08% −0.01
JOE The St Joe Co. Reduce -31.8% 0.01% −0.01
ICE Intercontinental Exchange Inc. Reduce -35.5% 0.01% −0.01
IVE iShares S&P 500 Value ETF Reduce -0.1% 0.18% −0.01
FISV Fiserv Inc. Sold out 0.00% −0.01
MSI Motorola Solutions Inc. Sold out 0.00% −0.01
APD Air Products & Chemicals Inc. Reduce -2.0% 0.05% −0.01
IJR iShares Core S&P Small-Cap E Reduce -9.2% 0.05% −0.01
DVN Devon Energy Corp. Sold out 0.00% −0.01
SHOP Shopify Inc. Class A Reduce -29.7% 0.02% −0.01
CRH CRH PLC Reduce -43.7% 0.01% −0.01
IEFA iShares Core MSCI Eafe ETF Sold out 0.00% −0.01
GM General Motors Co. Reduce -49.2% 0.01% −0.01
HAL Halliburton Co. Sold out 0.00% −0.01

Portfolio Buys Q1 2025 → Q2 2025
SJM The JM Smucker Co. New 1.32% +1.32
MSFT Microsoft Corp. Add +0.7% 5.54% +1.12
PSX Phillips 66 Add +71.0% 2.67% +0.95
AVGO Broadcom Inc. Add +6.9% 1.16% +0.46
META Meta Platforms Inc. Class A Add +3.0% 1.96% +0.38
AMZN Amazon.com Inc. Add +2.1% 3.42% +0.33
GOOGL Alphabet Inc. Class A Add +0.6% 3.85% +0.28
AXP American Express Co. Add +1693.2% 0.25% +0.24
VRT Vertiv Holdings Co. Class A Add +890.4% 0.25% +0.24
NVDA Nvidia Corp. Add +11.2% 0.68% +0.23
RSP Invesco S&P 500 Equal Weight Add +744.1% 0.23% +0.20
ETN Eaton Corp. PLC Add +367.5% 0.22% +0.18
CSCO Cisco Systems Inc. Add +0.6% 2.73% +0.16
KLAC KLA Corp. New 0.12% +0.12
TSM Taiwan Semiconductor-SP ADR Add +0.9% 0.49% +0.11
IVV iShares Core S&P 500 ETF Add +0.7% 1.88% +0.08
GEV GE Vernova Inc. Add +71.2% 0.13% +0.08
CEG Constellation Energy Add +269.9% 0.08% +0.07
ISRG Intuitive Surgical Inc. Add +173.2% 0.09% +0.06
AR Antero Resources Corp. Add +704.6% 0.07% +0.06
PEP Pepsico Inc. Add +85.8% 0.17% +0.06
VST Vistra Corp. New 0.06% +0.06
CMG Chipotle Mexican Grill Inc. Add +271.7% 0.08% +0.06
QQQ Invesco QQQ Trust Series 1 Add +1.1% 0.53% +0.06
WMB Williams Cos Inc. Add +75.2% 0.13% +0.06
EQT Eqt Corp. Add +262.5% 0.07% +0.05
TLN Talen Energy Corp. New 0.05% +0.05
KMI Kinder Morgan Inc. Add +224.2% 0.07% +0.05
CNX CNX Resources Corp. New 0.05% +0.05
RRC Range Resources Corp. New 0.05% +0.05
MS Morgan Stanley Add +0.2% 0.36% +0.04
PWR Quanta Services Inc. New 0.04% +0.04
NRG NRG Energy Inc. New 0.03% +0.03
INTU Intuit Inc. Add +5.0% 0.15% +0.03
HUBB Hubbell Inc. New 0.03% +0.03
CAT Caterpillar Inc. Add +25.1% 0.10% +0.03
VOO Vanguard S&P 500 ETF Add +0.8% 0.54% +0.02
UL Unilever PLC Add +104.9% 0.05% +0.02
IDXX Idexx Laboratories Inc. Add +9.6% 0.09% +0.02
KMB Kimberly-Clark Corp. Add +267.1% 0.03% +0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +2.4% 0.32% +0.02
KYN Kayne Anderson Energy Infra Add +532.9% 0.02% +0.02
URNM Sprott Uranium Miners ETF New 0.02% +0.02
ARES Ares Management Corp. Class A Add +227.7% 0.03% +0.02
XEL Xcel Energy Inc. New 0.02% +0.02
ADBE Adobe Inc. Add +23.0% 0.12% +0.02
CCJ Cameco Corp. New 0.02% +0.02
FCX Freeport-McMoran Inc. Add +44.3% 0.05% +0.02
AEP American Electric Power Add +96.9% 0.04% +0.02
FBTC Fidelity Wise Origin Bitcoin Add +73.9% 0.03% +0.02

Options Activity Q1 2025 → Q2 2025
PALO ALTO NETWORKS INC call Reduce -1.4% 2,718 $3.2M
ELI LILLY & CO call Sold out 234 $1.0Mbefore exit
JPMORGAN CHASE & CO call Sold out 1,207 $537Kbefore exit
WALMART INC call Sold out 4,862 $418Kbefore exit
EQT CORP call New 220 $359K
ANTERO RESOURCES CORP call New 350 $326K
RANGE RES CORP call New 550 $319K
VISTRA CORP call New 50 $319K
TALEN ENERGY CORP call New 30 $314K
OKLO INC call New 100 $300K

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

Notes & Other Activity Q1 2025 → Q2 2025
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Add +3.3% 8,070 $428K
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal Sold out 23,000 $57Kbefore exit
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal Add +48.0% 37,000 $44K
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal Add +48.0% 37,000 $44K
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal New 23,000 $41K
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal Sold out 38,000 $36Kbefore exit
OKTA INC (OKTA 0.125 09/01/25) NOTE 0.125% 9/0 · principal Reduce -42.9% 36,000 $36K
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal New 18,000 $34K
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Add +40.0% 21,000 $32K
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal Add +92.3% 25,000 $32K
FIVE9 INC (FIVN 0.5 06/01/25) NOTE 0.500% 6/0 · principal Sold out 26,000 $26Kbefore exit
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal New 25,000 $25K
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal Sold out 10,000 $23Kbefore exit
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal New 13,000 $23K
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Add +38.5% 18,000 $19K
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal Sold out 13,000 $19Kbefore exit
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal Add +23.1% 16,000 $19K
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal New 13,000 $15K
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal New 12,000 $15K
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal Reduce -60.0% 10,000 $15K
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal New 13,000 $14K
ZILLOW GROUP INC (Z 2.75 05/15/25) NOTE 2.750% 5/1 · principal Sold out 13,000 $13Kbefore exit
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal Reduce -52.0% 12,000 $12K
SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) NOTE 1.250% 5/0 · principal Sold out 11,000 $11Kbefore exit

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