Stonegate Investment Group, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Stonegate Investment Group, LLC reported 395 stock positions worth $4.3 billion. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Alphabet Class A (GOOGL, 4.7%). Compared with Q2 2025, it opened 19 new positions, sold out of 14, added to 149 and reduced 157. The biggest buy was Dell Technologies -C (DELL, shares +24494%) and the biggest sale PayPal (PYPL, shares −97%).

Most Recent 13F
Q3 2025
Location
BIRMINGHAM, AL
CIK
0001904154
Portfolio Value
$4.3B (Q3 2025)
SEC Filing
0001951757-25-001234 ↗ filed Nov 3, 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 Q2 2025 Q3 2025: $4.3B $4.3B Q3 2025

Holdings 395 stocks · $4.3B
AAPL Apple Inc. 5.86% 991,367 $252.4M Reduce -0.5%
MSFT Microsoft Corp. 5.26% 437,391 $226.5M Reduce -1.1%
GOOGL Alphabet Inc. Class A 4.72% 835,141 $203.0M Reduce -3.9%
WMT Walmart Inc. 4.54% 1,895,754 $195.4M Reduce -2.5%
JPM JPMorgan Chase & Co. 4.25% 579,471 $182.8M Reduce -1.8%
BRK.B Berkshire Hathaway Inc. Class B 3.43% 293,437 $147.5M Reduce -1.3%
AMZN Amazon.com Inc. 3.16% 618,973 $135.9M Add +0.0%
CVX Chevron Corp. 2.86% 792,965 $123.1M Reduce -0.5%
PSX Phillips 66 2.79% 883,634 $120.2M Reduce -0.7%
V Visa Inc. Class A 2.77% 349,885 $119.4M Reduce -0.0%
XOM Exxon Mobil Corp. 2.62% 1,000,766 $112.8M Reduce -3.8%
CSCO Cisco Systems Inc. 2.50% 1,571,291 $107.5M Add +0.4%
HD Home Depot Inc. 2.42% 257,467 $104.3M Reduce -0.3%
JNJ Johnson & Johnson 2.29% 531,016 $98.5M Reduce -0.4%
PANW Palo Alto Networks Inc. 1.98% 419,572 $85.4M Add +3.1%
SO The Southern Co. 1.97% 892,989 $84.6M Add +0.2%
AMD Advanced Micro Devices 1.90% 506,376 $81.9M Add +0.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.90% 566,710 $81.9M Add +9.8%
IVV iShares Core S&P 500 ETF 1.87% 120,080 $80.4M No change
META Meta Platforms Inc. Class A 1.81% 105,853 $77.7M Add +0.2%
SFBS Servisfirst Bancshares Inc. 1.72% 919,701 $74.1M Reduce -1.9%
COST Costco Wholesale Corp. 1.61% 75,070 $69.5M Reduce -1.6%
PLD Prologis Inc. 1.54% 577,827 $66.2M Reduce -0.6%
GEHC GE Healthcare Technology 1.53% 875,796 $65.8M Reduce -10.7%
HON Honeywell International Inc. 1.49% 305,040 $64.2M Reduce -0.8%
DELL Dell Technologies -C 1.36% 411,946 $58.4M Add +24493.8%
SJM The JM Smucker Co. filed as SMUCKER J M CO 1.34% 529,791 $57.5M Reduce -0.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.30% 488,475 $55.9M Reduce -0.4%
AVGO Broadcom Inc. 1.27% 166,302 $54.9M Reduce -0.4%
DE Deere & Co. 1.23% 115,381 $52.8M Reduce -0.2%
INTU Intuit Inc. 1.20% 75,356 $51.5M Add +909.5%
DHR Danaher Corp. 1.18% 256,305 $50.8M Reduce -1.6%
NKE Nike Inc. Class B 1.04% 641,724 $44.7M Reduce -2.0%
LLY Eli Lilly & Co. 0.99% 55,896 $42.6M Reduce -2.9%
MMM 3M Co. 0.94% 259,493 $40.3M Reduce -5.1%
NVDA Nvidia Corp. 0.75% 174,123 $32.5M Add +2.0%
ORCL Oracle Corp. 0.65% 99,400 $28.0M Add +3.2%
TSM Taiwan Semiconductor-SP ADR 0.56% 86,760 $24.2M Add +0.7%
QQQ Invesco QQQ Trust Series 1 0.53% 38,260 $23.0M Add +0.3%
VOO Vanguard S&P 500 ETF 0.52% 36,888 $22.6M Reduce -2.0%
LIN Linde PLC 0.39% 34,917 $16.6M Add +0.4%
MS Morgan Stanley 0.38% 101,602 $16.2M Add +0.8%
KO The Coca-Cola Co. 0.37% 241,464 $16.0M Add +0.8%
ETN Eaton Corp. PLC 0.37% 42,343 $15.8M Add +70.1%
AXP American Express Co. 0.35% 44,954 $14.9M Add +41.6%
RSG Republic Services Inc. 0.34% 63,508 $14.6M Add +0.3%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.33% 46,169 $14.2M Add +5.1%
MAA Mid-America Apartment Comm 0.30% 92,424 $12.9M Reduce -1.1%
MCD McDonald's Corp. 0.28% 40,291 $12.2M Add +1.6%
MA Mastercard Inc. Class A 0.26% 19,823 $11.3M Reduce -0.8%
RF Regions Financial Corp. 0.25% 415,863 $11.0M Add +0.2%
CAT Caterpillar Inc. 0.25% 22,510 $10.7M Add +125.2%
ABT Abbott Laboratories 0.25% 79,174 $10.6M Add +0.1%
IWR iShares Russell Mid-Cap ETF 0.23% 103,348 $10.0M No change
TT Trane Technologies PLC 0.23% 23,602 $10.0M Add +52.3%
UNP Union Pacific Corp. 0.23% 41,762 $9.9M Add +1.5%
PG The Procter & Gamble Co. 0.22% 60,860 $9.4M Reduce -36.6%
GS Goldman Sachs Group Inc. 0.22% 11,717 $9.3M Add +207.6%
ABBV Abbvie Inc. 0.22% 40,253 $9.3M Add +0.6%
NEE Nextera Energy Inc. 0.21% 118,813 $9.0M Add +0.3%
GE General Electric filed as GE AEROSPACE 0.20% 29,075 $8.7M Reduce -1.7%
RSP Invesco S&P 500 Equal Weight 0.20% 45,303 $8.6M Reduce -8.1%
KLAC KLA Corp. 0.19% 7,711 $8.3M Add +42.4%
UL Unilever PLC 0.18% 132,395 $7.8M Add +352.5%
IVE iShares S&P 500 Value ETF 0.17% 36,177 $7.5M Reduce -2.3%
NOW ServiceNow Inc. 0.16% 7,504 $6.9M Add +12.3%
VZ Verizon Communications Inc. 0.16% 156,693 $6.9M Add +3.9%
VRT Vertiv Holdings Co. Class A 0.16% 44,301 $6.7M Reduce -43.8%
AGG iShares Core U.S. Aggregate 0.15% 64,676 $6.5M Add +9.9%
PEP Pepsico Inc. 0.15% 45,626 $6.4M Reduce -9.4%
KKR KKR & Co. Inc. 0.14% 47,856 $6.2M New
GEV GE Vernova Inc. 0.13% 9,303 $5.7M Reduce -1.9%
NOC Northrop Grumman Corp. 0.13% 9,335 $5.7M Reduce -3.7%
ACN Accenture PLC Class A 0.13% 22,691 $5.6M Reduce -3.7%
VMC Vulcan Materials Co. 0.13% 18,117 $5.6M Reduce -7.0%
CB Chubb Ltd. 0.13% 19,247 $5.4M Reduce -2.6%
IWF iShares Russell 1000 Growth 0.13% 11,554 $5.4M No change
ADSK Autodesk Inc. 0.13% 17,005 $5.4M Reduce -0.7%
WMB Williams Cos Inc. 0.13% 85,017 $5.4M Add +2.8%
GOOG Alphabet Inc. Class C 0.12% 21,690 $5.3M Add +15.5%
UPS United Parcel Service Class B 0.12% 61,856 $5.2M Reduce -6.6%
VUG Vanguard Mrngstar GR ETF-Sui 0.12% 10,760 $5.2M Add +10.2%
NSC Norfolk Southern Corp. 0.12% 17,015 $5.1M Reduce -0.4%
MRSH Marsh & McLennan Cos 0.11% 24,250 $4.9M Add +0.6%
TXN Texas Instruments Inc. 0.11% 25,497 $4.7M Reduce -4.8%
GL Globe Life Inc. 0.11% 32,719 $4.7M Add +5.7%
COP Conocophillips 0.11% 48,332 $4.6M Reduce -7.6%
VTV Vanguard Mrngstr Val ETF-Aui 0.10% 23,884 $4.5M Add +11.0%
RTX RTX Corp. 0.10% 26,186 $4.4M Reduce -7.1%
IDXX Idexx Laboratories Inc. 0.10% 6,701 $4.3M Reduce -0.2%
ORLY O'reilly Automotive Inc. 0.10% 38,345 $4.1M Reduce -0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 14,319 $4.0M Reduce -2.1%
VTI VG Morningstar TS MKT ETF-US 0.09% 12,058 $4.0M Add +0.2%
ADBE Adobe Inc. 0.09% 11,180 $3.9M Reduce -10.0%
RY Royal Bank of Canada 0.09% 26,575 $3.9M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 13,280 $3.9M Add +5.6%
WFC Wells Fargo & Co. 0.09% 45,267 $3.8M Reduce -4.7%
WM Waste Management Inc. 0.08% 16,404 $3.6M Add +2.4%
ULTA Ulta Beauty Inc. 0.08% 6,580 $3.6M Reduce -0.5%
VIG Vanguard Dividend Apprec ETF 0.08% 15,960 $3.4M Add +6.2%
INTC Intel Corp. 0.08% 99,765 $3.3M Reduce -4.0%
MO Altria Group Inc. 0.08% 49,926 $3.3M Add +1.0%
PM Philip Morris International 0.08% 20,092 $3.3M Add +2.0%
DUK Duke Energy Corp. 0.08% 26,172 $3.2M Reduce -0.3%
AMGN Amgen Inc. 0.08% 11,472 $3.2M Add +0.1%
CEG Constellation Energy 0.07% 9,812 $3.2M Add +0.1%
WDAY Workday Inc. Class A 0.07% 12,887 $3.1M Reduce -8.8%
ISRG Intuitive Surgical Inc. 0.07% 6,803 $3.0M Reduce -0.4%
BX Blackstone Inc. 0.07% 17,486 $3.0M Reduce -1.4%
JCI Johnson Controls Internation 0.07% 27,113 $3.0M Reduce -8.4%
LOW Lowe's Cos Inc. 0.07% 11,536 $2.9M Add +2.1%
TLN Talen Energy Corp. 0.07% 6,706 $2.9M Add +0.3%
J Jacobs Solutions Inc. 0.07% 18,823 $2.8M No change
BHP BHP Group Ltd.-Spon ADR 0.06% 49,897 $2.8M Add +2.2%
FNF Fidelity National Financial 0.06% 45,576 $2.8M No change
KMI Kinder Morgan Inc. 0.06% 94,115 $2.7M Add +2.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 3,979 $2.7M Add +0.1%
SNV Synovus Financial Corp. 0.06% 53,122 $2.6M Reduce -0.4%
MAR Marriott International Class A 0.06% 9,942 $2.6M Reduce -0.8%
MRK Merck & Co. Inc. 0.06% 30,287 $2.5M Reduce -1.1%
CCI Crown Castle Inc. 0.06% 25,641 $2.5M Add +1.3%
EQT Eqt Corp. 0.06% 43,970 $2.4M Reduce -4.2%
VST Vistra Corp. 0.05% 12,016 $2.4M Add +1.0%
IJR iShares Core S&P Small-Cap E 0.05% 18,640 $2.2M Reduce -2.1%
GPN Global Payments Inc. 0.05% 26,507 $2.2M Add +5.2%
UNH Unitedhealth Group Inc. 0.05% 6,291 $2.2M Reduce -30.5%
TRV The Travelers Cos Inc. 0.05% 7,678 $2.1M Reduce -7.6%
KVUE Kenvue Inc. 0.05% 131,718 $2.1M Reduce -15.0%
PFE Pfizer Inc. 0.05% 83,223 $2.1M Reduce -9.4%
CMG Chipotle Mexican Grill Inc. 0.05% 53,781 $2.1M Reduce -1.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 39,245 $2.0M Reduce -1.8%
ENB Enbridge Inc. 0.05% 40,043 $2.0M Reduce -1.5%
GPC Genuine Parts Co. 0.05% 14,438 $2.0M Reduce -0.5%
IWS iShares Russell Mid-Cap Valu 0.05% 13,894 $1.9M Add +9.6%
PWR Quanta Services Inc. 0.04% 4,619 $1.9M Add +3.4%
AR Antero Resources Corp. 0.04% 56,132 $1.9M Reduce -17.4%
NVO Novo-Nordisk A/S-Spons ADR 0.04% 33,494 $1.9M Reduce -10.5%
ECL Ecolab Inc. 0.04% 6,777 $1.9M Reduce -1.3%
CRM Salesforce Inc. 0.04% 7,469 $1.8M Reduce -11.9%
FCX Freeport-McMoran Inc. 0.04% 43,253 $1.7M Reduce -0.0%
RRC Range Resources Corp. 0.04% 45,000 $1.7M No change
SDY SS SPDR S&P Dividend ETF 0.04% 11,903 $1.7M No change
BDX Becton Dickinson and Co. 0.04% 8,848 $1.7M Add +12.8%
CNX CNX Resources Corp. 0.04% 51,000 $1.6M Reduce -6.2%
SHEL Shell PLC-ADR 0.04% 22,181 $1.6M Add +5.5%
PH Parker Hannifin Corp. 0.04% 2,045 $1.6M Reduce -0.9%
AEP American Electric Power 0.04% 13,563 $1.5M Reduce -6.5%
NODE Vaneck Onchain Economy ETF 0.04% 37,027 $1.5M New
TEL Te Connectivity PLC 0.03% 6,837 $1.5M Reduce -3.4%
FIS Fidelity National Info Serv 0.03% 22,655 $1.5M Add +4.6%
T AT&T Inc. 0.03% 52,707 $1.5M Add +0.5%
IWV iShares Russell 3000 ETF 0.03% 3,885 $1.5M Reduce -0.7%
TSLA Tesla Inc. 0.03% 3,290 $1.5M Add +7.4%
GLD SPDR Gold Shares 0.03% 4,076 $1.4M No change
ASML ASML Holding NV-NY Reg SHS 0.03% 1,486 $1.4M Add +2.3%
CVS CVS Health Corp. 0.03% 19,052 $1.4M Reduce -1.6%
ANET Arista Networks Inc. 0.03% 9,778 $1.4M Add +280.2%
VTWO Vanguard Russell 2000 ETF 0.03% 14,421 $1.4M Add +7.6%
MSTR Strategy Inc. 0.03% 4,201 $1.4M Add +0.4%
FBTC Fidelity Wise Origin Bitcoin 0.03% 13,471 $1.3M Add +5.1%
BBVA Banco Bilbao Vizcaya-SP ADR 0.03% 67,921 $1.3M Add +0.0%
AZN Astrazeneca PLC-Spons ADR 0.03% 16,999 $1.3M Reduce -1.5%
HUBB Hubbell Inc. 0.03% 3,000 $1.3M No change
C Citigroup Inc. 0.03% 12,615 $1.3M Add +0.7%
KMB Kimberly-Clark Corp. 0.03% 9,922 $1.2M Add +1.5%
LHX L3HARRIS Technologies Inc. 0.03% 4,012 $1.2M Reduce -25.5%
AMT American Tower Corp. 0.03% 6,352 $1.2M Reduce -3.0%
SBUX Starbucks Corp. 0.03% 14,066 $1.2M Reduce -0.9%
EOG EOG Resources Inc. 0.03% 10,548 $1.2M Reduce -5.6%
BMY Bristol-Myers Squibb Co. 0.03% 26,129 $1.2M Add +12.9%
TMO Thermo Fisher Scientific Inc. 0.03% 2,416 $1.2M Reduce -3.3%
CMCSA Comcast Corp. Class A 0.03% 37,117 $1.2M Reduce -1.8%
D Dominion Energy Inc. 0.03% 18,914 $1.2M Add +10.3%
RIO Rio Tinto PLC-Spon ADR 0.03% 16,996 $1.1M Add +0.2%
NFLX Netflix Inc. 0.03% 931 $1.1M Reduce -7.6%
BP BP PLC-Spons ADR 0.03% 31,991 $1.1M Add +9.8%
QCOM Qualcomm Inc. 0.02% 6,340 $1.1M Reduce -0.2%
SHOP Shopify Inc. Class A 0.02% 7,050 $1.0M Reduce -12.5%
KYN Kayne Anderson Energy Infra 0.02% 83,130 $1.0M Add +10.2%
ARES Ares Management Corp. Class A 0.02% 6,372 $1.0M Add +10.4%
KHC The Kraft Heinz Co. 0.02% 38,388 $1000K Reduce -3.0%
CAG Conagra Brands Inc. 0.02% 53,675 $983K Add +13.2%
SCHH Schwab US REIT ETF 0.02% 45,250 $976K No change
CRWD CrowdStrike Holdings Inc. Class A 0.02% 1,986 $974K Reduce -9.0%
URNM Sprott Uranium Miners ETF 0.02% 16,000 $967K No change
CL Colgate-Palmolive Co. 0.02% 11,645 $931K Add +0.0%
APO Apollo Global Management Inc. 0.02% 6,870 $916K Add +4.8%
NRG NRG Energy Inc. 0.02% 5,535 $896K Reduce -32.2%
NLR Vaneck Urani & Nuclr ETF-Usd 0.02% 6,575 $892K New
EMR Emerson Electric Co. 0.02% 6,562 $861K Reduce -9.9%
XEL Xcel Energy Inc. 0.02% 10,546 $851K Add +0.2%
PYPL PayPal Holdings Inc. 0.02% 12,647 $848K Reduce -97.4%
CCJ Cameco Corp. 0.02% 10,071 $845K Add +11.9%
SRE Sempra 0.02% 9,346 $841K Reduce -35.4%
AMP Ameriprise Financial Inc. 0.02% 1,697 $834K No change
CSX CSX Corp. 0.02% 23,356 $829K Add +8.3%
SHW The Sherwin-Williams Co. 0.02% 2,380 $824K Reduce -21.0%
AVB Avalonbay Communities Inc. 0.02% 4,257 $822K Add +46.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.02% 2,030 $817K Add +35.1%
VGT Vanguard Info Tech ETF 0.02% 1,069 $798K Reduce -6.2%
LMT Lockheed Martin Corp. 0.02% 1,595 $796K Add +32.6%
AIT Applied Industrial Tech Inc. 0.02% 3,000 $783K No change
ARCC Ares Capital Corp. 0.02% 38,235 $780K Add +21.8%
SYK Stryker Corp. 0.02% 2,107 $779K Reduce -5.2%
VLO Valero Energy Corp. 0.02% 4,538 $773K No change
VRTX Vertex Pharmaceuticals Inc. 0.02% 1,963 $769K Reduce -68.0%
ET Energy Transfer LP 0.02% 44,560 $765K Add +13.0%
MPC Marathon Petroleum Corp. 0.02% 3,820 $736K Reduce -1.3%
MET Metlife Inc. 0.02% 8,925 $735K Add +10.9%
MLPX Global X MLP & Energy Infras 0.02% 11,580 $726K No change
MELI MercadoLibre Inc. 0.02% 306 $715K Add +9.7%
VG Venture Global Inc. Class A 0.02% 47,556 $675K Add +32.7%
XLK SS Technology Select Sector 0.02% 2,360 $665K No change
SPGI S&P Global Inc. 0.02% 1,362 $663K Reduce -1.7%
HIG Hartford Insurance Group Inc. 0.02% 4,930 $658K No change
BSX Boston Scientific Corp. 0.02% 6,692 $653K Add +0.5%
PNC PNC Financial Services Group 0.01% 3,179 $639K Reduce -3.0%
ROK Rockwell Automation Inc. 0.01% 1,821 $636K Add +0.1%
AMLP Alerian MLP ETF 0.01% 13,493 $633K Add +18.7%
CG The Carlyle Group Inc. 0.01% 10,077 $632K No change
F Ford Motor Co. filed as FORD MTR CO 0.01% 52,184 $624K Add +5.2%
MDT Medtronic PLC 0.01% 6,549 $624K Reduce -16.5%
SSNC Ss&c Technologies Holdings 0.01% 7,007 $622K Reduce -9.1%
JOE The St Joe Co. 0.01% 12,122 $600K Reduce -1.3%
MU Micron Technology Inc. 0.01% 3,570 $597K Reduce -15.0%
UBS UBS Group AG-Reg 0.01% 14,518 $595K Add +14.7%
CTVA Corteva Inc. 0.01% 8,768 $593K Reduce -5.8%
PSA Public Storage 0.01% 2,031 $587K Add +21.1%
TPL Texas Pacific Land Corp. 0.01% 626 $584K Add +16.4%
UBER Uber Technologies Inc. 0.01% 5,935 $581K Reduce -5.2%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.01% 608 $579K Reduce -3.6%
AIG American International Group 0.01% 7,372 $579K Reduce -20.3%
STX Seagate Technology Holdings 0.01% 2,453 $579K Reduce -3.2%
DOW Dow Inc. 0.01% 24,841 $570K Add +6.9%
APP AppLovin Corp. Class A 0.01% 791 $569K Reduce -27.0%
PLTR Palantir Technologies Inc. Class A 0.01% 3,080 $562K Reduce -37.2%
TMUS T-Mobile US Inc. 0.01% 2,343 $561K Reduce -13.8%
ECG Everus Construction Group 0.01% 6,500 $557K Add +4.0%
COF Capital One Financial Corp. 0.01% 2,579 $548K Reduce -2.9%
FCNCA First Citizens Bcshs Class A 0.01% 305 $546K No change
AGX Argan Inc. 0.01% 2,000 $540K Add +33.3%
ADP Automatic Data Processing 0.01% 1,829 $537K Add +0.1%
DKS Dick's Sporting Goods Inc. 0.01% 2,345 $521K Add +2.9%
DD Dupont DE Nemours Inc. 0.01% 6,644 $518K Add +0.1%
HLN Haleon PLC-ADR 0.01% 57,125 $512K Add +12.4%
APD Air Products & Chemicals Inc. 0.01% 1,867 $509K Reduce -72.1%
TECK Teck Resources Ltd.-CLS B 0.01% 11,086 $487K Add +101.3%
GLW Corning Inc. 0.01% 5,840 $479K No change
ICE Intercontinental Exchange Inc. 0.01% 2,830 $477K Add +0.5%
OKE Oneok Inc. 0.01% 6,402 $467K Reduce -30.2%
GILD Gilead Sciences Inc. 0.01% 4,190 $465K Add +2.9%
FELV Fidelity Enh LRG Cap Val ETF 0.01% 13,781 $462K No change
ABNB Airbnb Inc. Class A 0.01% 3,791 $460K Add +8.0%
EXC Exelon Corp. 0.01% 10,188 $459K Reduce -2.1%
IOT Samsara Inc. Class A 0.01% 12,300 $458K No change
TGT Target Corp. 0.01% 5,100 $457K Add +11.0%
BIL SS SPDR BB 1-3M T-Bill ETF 0.01% 4,887 $448K Add +0.8%
BA The Boeing Co. 0.01% 2,071 $447K Add +0.1%
PGR Progressive Corp. 0.01% 1,807 $446K Add +13.7%
VEA Vanguard Ftse Developed ETF 0.01% 7,388 $443K No change
OWL Blue Owl Capital Inc. 0.01% 25,465 $431K Add +3.6%
SNOW Snowflake Inc. 0.01% 1,898 $428K Add +3.0%
CPB The Campbell's Company 0.01% 13,492 $426K Add +63.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 12,381 $426K Reduce -7.8%
CAH Cardinal Health Inc. 0.01% 2,680 $421K Reduce -32.9%
SMBK Smartfinancial Inc. 0.01% 11,690 $418K No change
MYRG MYR Group Inc./Delaware 0.01% 2,000 $416K No change
EA Electronic Arts Inc. 0.01% 2,057 $415K No change
BAX Baxter International Inc. 0.01% 18,026 $410K Add +33.8%
TDG Transdigm Group Inc. 0.01% 311 $409K Add +1.3%
XLE SS Energy Select Sector 0.01% 4,576 $409K Reduce -34.6%
CRH CRH PLC 0.01% 3,380 $405K Add +7.8%
VB Vanguard Most SM-Cap ETF-Usd 0.01% 1,574 $400K No change
NOBL Proshares S&P 500 Dividend A 0.01% 3,875 $399K No change
SCHW Schwab (charles) Corp. 0.01% 4,167 $398K Reduce -21.0%
EPD Enterprise Products Partners 0.01% 12,645 $395K Reduce -5.0%
CME Cme Group Inc. 0.01% 1,432 $387K Add +0.6%
VONG Vanguard Russell 1000 Growth 0.01% 3,191 $384K No change
HPQ HP Inc. 0.01% 14,022 $382K Add +21.2%
ALL Allstate Corp. 0.01% 1,770 $380K Reduce -26.6%
CLX Clorox Company 0.01% 3,081 $380K Add +5.2%
SYM Symbotic Inc. 0.01% 7,036 $379K Add +0.4%
BCRX Biocryst Pharmaceuticals Inc. 0.01% 49,688 $377K No change
HWM Howmet Aerospace Inc. 0.01% 1,911 $375K Add +51.0%
DG Dollar General Corp. 0.01% 3,569 $369K Reduce -17.7%
MKSI MKS Inc. 0.01% 2,961 $366K Reduce -6.7%
SNPS Synopsys Inc. 0.01% 737 $364K Add +0.7%
BKNG Booking Holdings Inc. 0.01% 67 $362K Reduce -2.9%
EOSE Eos Energy Enterprises Inc. 0.01% 30,850 $351K Add +105.7%
TSCO Tractor Supply Company 0.01% 6,082 $346K Add +1.1%
GM General Motors Co. 0.01% 5,653 $345K Add +22.9%
HPE Hewlett Packard Enterprise 0.01% 13,909 $342K New
TXT Textron Inc. 0.01% 4,021 $340K No change
MDLZ Mondelez International Inc. Class A 0.01% 5,418 $338K Reduce -1.5%
EHC Encompass Health Corp. 0.01% 2,650 $337K No change
BLK BlackRock Inc. 0.01% 285 $332K Reduce -12.8%
HLT Hilton Worldwide Holdings Inc. 0.01% 1,278 $332K Add +11.0%
LEU Centrus Energy Corp. Class A 0.01% 1,040 $322K New
JBTM JBT Marel Corp. 0.01% 2,296 $322K No change
PINS Pinterest Inc. Class A 0.01% 9,981 $321K Reduce -2.8%
BND Vanguard Total Bond Market 0.01% 4,305 $320K No change
WCC Wesco International Inc. 0.01% 1,509 $319K New
NVS Novartis AG-Sponsored ADR 0.01% 2,488 $319K No change
TFC Truist Financial Corp. 0.01% 6,944 $317K Add +0.1%
AXON Axon Enterprise Inc. 0.01% 440 $316K Add +10.0%
ACA Arcosa Inc. 0.01% 3,348 $314K Add +5.8%
TIP iShares Tips Bond ETF 0.01% 2,801 $312K No change
FSV Firstservice Corp. 0.01% 1,631 $311K Add +1.8%
GAB Gabelli Equity Trust 0.01% 49,139 $299K Add +2.4%
EQIX Equinix Inc. 0.01% 382 $299K Reduce -0.3%
CADE Cadence Bank 0.01% 7,931 $298K No change
CIGI Colliers Intl GR-Subord Vot 0.01% 1,900 $297K Add +4.2%
VYM Vanguard High DVD Yield ETF 0.01% 2,087 $294K No change
SMR Nuscale Power Corp. 0.01% 8,125 $293K Add +35.4%
ODFL Old Dominion Freight Line 0.01% 2,070 $291K Add +54.6%
AMAT Applied Materials Inc. 0.01% 1,419 $291K No change
CRUS Cirrus Logic Inc. 0.01% 2,298 $288K Add +6.2%
HUBS HubSpot Inc. 0.01% 614 $287K Reduce -15.3%
SNY Sanofi-ADR 0.01% 6,085 $287K Reduce -14.6%
EIX Edison International 0.01% 5,178 $286K New
DTE DTE Energy Company 0.01% 2,020 $286K Reduce -2.4%
UTG Reaves Utility Income Fund 0.01% 7,179 $284K Add +0.1%
HOOD Robinhood Markets Inc. Class A 0.01% 1,919 $275K Reduce -26.6%
KWR Quaker Chemical Corporation 0.01% 2,073 $273K Add +6.9%
RBA RB Global Inc. 0.01% 2,517 $273K No change
IJH iShares Core S&P Midcap ETF 0.01% 4,169 $272K Reduce -20.1%
YUM Yum! Brands Inc. 0.01% 1,788 $272K No change
ESE Esco Technologies Inc. 0.01% 1,283 $271K No change
OXY Occidental Petroleum Corp. 0.01% 5,720 $270K Add +0.1%
HAS Hasbro Inc. 0.01% 3,550 $269K No change
SPOT Spotify Technology SA 0.01% 382 $267K Add +22.8%
WDC Western Digital Corp. 0.01% 2,192 $263K New
ZTS Zoetis Inc. 0.01% 1,795 $263K Reduce -28.2%
LDOS Leidos Holdings Inc. 0.01% 1,389 $262K No change
GLXY Galaxy Digital Inc. Class A 0.01% 7,712 $261K New
SYY Sysco Corp. 0.01% 3,150 $259K No change
USLM United States Lime & Mineral 0.01% 1,965 $258K New
VMI Valmont Industries 0.01% 663 $257K No change
ESAB Esab Corp. 0.01% 2,256 $252K Add +21.4%
LFUS Littelfuse Inc. 0.01% 972 $252K Add +5.0%
CR Crane Co. 0.01% 1,367 $252K No change
TKO Tko Group Holdings Inc. 0.01% 1,240 $250K Reduce -6.6%
BTI British American Tob-SP ADR 0.01% 4,685 $249K Reduce -18.6%
CHKP Check Point Software Tech 0.01% 1,200 $248K No change
WTW Willis Towers Watson PLC 0.01% 716 $247K No change
SJNK SS SPDR BB St Hi Yield ETF 0.01% 9,590 $246K No change
LW Lamb Weston Holdings Inc. 0.01% 4,213 $245K No change
PPG PPG Industries Inc. 0.01% 2,326 $245K No change
ALNY Alnylam Pharmaceuticals Inc. 0.01% 535 $244K Reduce -21.8%
HDV iShares Core High Dividend E 0.01% 1,980 $242K No change
RBC RBC Bearings Inc. 0.01% 620 $242K No change
ELV Elevance Health Inc. 0.01% 748 $242K Add +42.5%
DORM Dorman Products Inc. 0.01% 1,546 $241K New
CDNS Cadence Design SYS Inc. 0.01% 684 $240K New
RS Reliance Inc. 0.01% 836 $235K Add +5.0%
SEIC Sei Investments Company 0.01% 2,764 $235K Reduce -39.1%
MNST Monster Beverage Corp. 0.01% 3,454 $233K Reduce -22.2%
FWONK Liberty Media Corp. Class C 0.01% 2,223 $232K Reduce -7.5%
SEE Sealed Air Corp. 0.01% 6,553 $232K No change
BEPC Brookfield Renewable Corp. 0.01% 6,700 $231K Reduce -4.3%
FTNT Fortinet Inc. 0.01% 2,734 $230K No change
SOLV Solventum Corp. 0.01% 3,118 $228K Reduce -10.1%
DOCS Doximity Inc. Class A 0.01% 3,105 $227K Reduce -7.2%
LYB Lyondellbasell Indu Class A 0.01% 4,627 $227K New
CP Canadian Pacific Kansas City 0.01% 3,043 $227K Reduce -3.6%
MSCI MSCI Inc. 0.01% 398 $226K No change
PODD Insulet Corp. 0.01% 726 $224K Reduce -4.8%
BFS Saul Centers Inc. filed as SAUL CTRS INC 0.01% 6,987 $223K No change
IVW iShares S&P 500 Growth ETF 0.01% 1,838 $222K No change
SPLV Invesco S&P 500 Low Volatili 0.01% 3,000 $220K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.01% 1,597 $220K No change
IBP Installed Building Products 0.01% 885 $218K New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 705 $218K Reduce -18.6%
PFF iShares Preferred & Income S 0.01% 6,874 $217K No change
TPG TPG Inc. 0.01% 3,745 $215K New
TM Toyota Motor Corp. -Spon ADR 0.01% 1,116 $213K Reduce -21.2%
ACGL Arch Capital Group Ltd. 0.00% 2,319 $210K Add +3.3%
FDN First Trust DJ Internet Ind 0.00% 743 $208K No change
IWM iShares Russell 2000 ETF 0.00% 850 $206K New
OCSL Oaktree Specialty Lending Co. 0.00% 15,171 $198K Add +5.6%
PAGP Plains GP Holdings LP 0.00% 10,765 $196K Reduce -5.8%
XEVVX Eaton Vance Ltd. Durat Inc. 0.00% 18,552 $188K No change
PCG P G & E Corp. 0.00% 12,446 $188K Reduce -34.8%
XAWPX Abrdn Global Premier Propert 0.00% 40,461 $161K New
CLF Cleveland-Cliffs Inc. 0.00% 12,348 $151K Reduce -3.1%
OMEX Odyssey Marine Exploration 0.00% 72,066 $141K Reduce -2.7%
EHI Western Asset Global High Inc. 0.00% 20,726 $137K No change
CBRE GBL REAL ESTATE INC FD 0.00% 26,250 $135K New
JPC Nuveen Prefered & Income Opp 0.00% 15,488 $127K No change
NPWR Net Power Inc. 0.00% 30,000 $90K Add +20.0%
RUM Rum Group Inc. filed as RUMBLE INC 0.00% 10,000 $72K No change
UAA Under Armour Inc. Class A 0.00% 12,744 $64K Reduce -1.6%
XIGDX Voya GLBL Eqty DVD & PRM Opp 0.00% 10,000 $59K No change
GUARDANT HEALTH INC (GH 1.25 02/15/31) 0.00% 21,000 $27K No change
XTIA Xti Aerospace Inc. 0.00% 10,000 $15K New

Options reported separately and not counted above: OKLO INC calls ($778K), TALEN ENERGY CORP calls ($733K), SPROTT FDS TR calls ($516K), GE VERNOVA INC calls ($502K), VISTRA CORP calls ($294K), EQT CORP calls ($235K).

Other holdings (46): bonds, preferreds, convertibles and warrants · $2.4M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 533$682KNo change
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD 8,191$407KAdd +1.5%
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal 62,000$61KAdd +24.0%
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 62,000$60KNo change
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 56,000$59KNo change
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 18,000$58KAdd +38.5%
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 41,000$57KNew
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 20,000$56KReduce -13.0%
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 56,000$52KNew
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 29,000$45KAdd +61.1%
UBER TECHNOLOGIES INC (UBER 0 12/15/25) NOTE 12/1 · principal 37,000$45KNo change
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 42,000$41KAdd +180.0%
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 37,000$36KAdd +48.0%
SEA LTD (SEALTD 0.25 09/15/26) NOTE 0.250% 9/1 · principal 37,000$35KNo change
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 28,000$32KAdd +115.4%
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal 25,000$31KReduce -32.4%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 18,000$29KReduce -14.3%
COINBASE GLOBAL INC (COIN 0.5 06/01/26) NOTE 0.500% 6/0 · principal 26,000$29KNo change
TRAVERE THERAPEUTICS INC (TVTX 2.25 03/01/29) NOTE 2.250% 3/0 · principal 25,000$28KNo change
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 26,000$28KNo change
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 15,000$28KAdd +25.0%
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 20,000$27KReduce -20.0%
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal 26,000$26KNew
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal 25,000$25KNo change
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 10,000$24KNo change
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal 10,000$24KReduce -16.7%
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 18,000$23KNo change
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 16,000$22KNo change
ENPHASE ENERGY INC (ENPH 0 03/01/28) NOTE 3/0 · principal 25,000$22KNo change
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 19,000$22KAdd +46.1%
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 19,000$21KAdd +46.1%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 13,000$21KNew
WAYFAIR INC (W 3.25 09/15/27) NOTE 3.250% 9/1 · principal 14,000$21KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 16,000$21KNo change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 18,000$21KNo change
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
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 18,000$15KNo change
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 13,000$15KNew
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 13,000$15KNo change
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 13,000$13KNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 12,000$12KReduce -52.0%
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 12,000$12KNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 13,000$12KNo change
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: $4.3B.

Portfolio Sells Q2 2025 → Q3 2025
PYPL PayPal Holdings Inc. Reduce -97.4% 0.02% −0.88
V Visa Inc. Class A Reduce -0.0% 2.77% −0.35
HON Honeywell International Inc. Reduce -0.8% 1.49% −0.31
GEHC GE Healthcare Technology Reduce -10.7% 1.53% −0.30
COST Costco Wholesale Corp. Reduce -1.6% 1.61% −0.29
MSFT Microsoft Corp. Reduce -1.1% 5.26% −0.28
DE Deere & Co. Reduce -0.2% 1.23% −0.25
WMT Walmart Inc. Reduce -2.5% 4.54% −0.25
DIS The Walt Disney Co. Reduce -0.4% 1.30% −0.23
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.3% 3.43% −0.21
XOM Exxon Mobil Corp. Reduce -3.8% 2.62% −0.20
PG The Procter & Gamble Co. Reduce -36.6% 0.22% −0.17
LLY Eli Lilly & Co. Reduce -2.9% 0.99% −0.14
NKE Nike Inc. Class B Reduce -2.0% 1.04% −0.13
DHR Danaher Corp. Reduce -1.6% 1.18% −0.11
MMM 3M Co. Reduce -5.1% 0.94% −0.11
SFBS Servisfirst Bancshares Inc. Reduce -1.9% 1.72% −0.11
VRT Vertiv Holdings Co. Class A Reduce -43.8% 0.16% −0.10
JPM JPMorgan Chase & Co. Reduce -1.8% 4.25% −0.06
VRTX Vertex Pharmaceuticals Inc. Reduce -68.0% 0.02% −0.05
UPS United Parcel Service Class B Reduce -6.6% 0.12% −0.05
MAA Mid-America Apartment Comm Reduce -1.1% 0.30% −0.05
ACN Accenture PLC Class A Reduce -3.7% 0.13% −0.05
APD Air Products & Chemicals Inc. Reduce -72.1% 0.01% −0.04
KVUE Kenvue Inc. Reduce -15.0% 0.05% −0.03
TXN Texas Instruments Inc. Reduce -4.8% 0.11% −0.03
ADBE Adobe Inc. Reduce -10.0% 0.09% −0.03
CMG Chipotle Mexican Grill Inc. Reduce -1.8% 0.05% −0.03
RSP Invesco S&P 500 Equal Weight Reduce -8.1% 0.20% −0.03
AR Antero Resources Corp. Reduce -17.4% 0.04% −0.03
ISRG Intuitive Surgical Inc. Reduce -0.4% 0.07% −0.02
NVO Novo-Nordisk A/S-Spons ADR Reduce -10.5% 0.04% −0.02
MA Mastercard Inc. Class A Reduce -0.8% 0.26% −0.02
UNH Unitedhealth Group Inc. Reduce -30.5% 0.05% −0.02
PEP Pepsico Inc. Reduce -9.4% 0.15% −0.02
CB Chubb Ltd. Reduce -2.6% 0.13% −0.02
CRM Salesforce Inc. Reduce -11.9% 0.04% −0.02
LH Labcorp Holdings Inc. Sold out 0.00% −0.01
IBM Intl Business Machines Corp. Reduce -2.1% 0.09% −0.01
VOO Vanguard S&P 500 ETF Reduce -2.0% 0.52% −0.01
WDAY Workday Inc. Class A Reduce -8.8% 0.07% −0.01
CVX Chevron Corp. Reduce -0.5% 2.86% −0.01
NRG NRG Energy Inc. Reduce -32.2% 0.02% −0.01
COP Conocophillips Reduce -7.6% 0.11% −0.01
EQT Eqt Corp. Reduce -4.2% 0.06% −0.01
SONY Sony Group Corp. - SP ADR Sold out 0.00% −0.01
JCI Johnson Controls Internation Reduce -8.4% 0.07% −0.01
SNV Synovus Financial Corp. Reduce -0.4% 0.06% −0.01
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −0.01
MAR Marriott International Class A Reduce -0.8% 0.06% −0.01

Portfolio Buys Q2 2025 → Q3 2025
DELL Dell Technologies -C Add +24493.8% 1.36% +1.35
INTU Intuit Inc. Add +909.5% 1.20% +1.05
TJX TJX Companies Inc. Add +9.8% 1.90% +0.30
CAT Caterpillar Inc. Add +125.2% 0.25% +0.15
GS Goldman Sachs Group Inc. Add +207.6% 0.22% +0.15
KKR KKR & Co. Inc. New 0.14% +0.14
ETN Eaton Corp. PLC Add +70.1% 0.37% +0.14
UL Unilever PLC Add +352.5% 0.18% +0.14
ORCL Oracle Corp. Add +3.2% 0.65% +0.12
AMD Advanced Micro Devices Add +0.5% 1.90% +0.10
AXP American Express Co. Add +41.6% 0.35% +0.09
NVDA Nvidia Corp. Add +2.0% 0.75% +0.08
TSM Taiwan Semiconductor-SP ADR Add +0.7% 0.56% +0.07
KLAC KLA Corp. Add +42.4% 0.19% +0.07
TT Trane Technologies PLC Add +52.3% 0.23% +0.06
GOOG Alphabet Inc. Class C Add +15.5% 0.12% +0.04
NODE Vaneck Onchain Economy ETF New 0.04% +0.04
ABBV Abbvie Inc. Add +0.6% 0.22% +0.03
ANET Arista Networks Inc. Add +280.2% 0.03% +0.03
NLR Vaneck Urani & Nuclr ETF-Usd New 0.02% +0.02
MS Morgan Stanley Add +0.8% 0.38% +0.02
TLN Talen Energy Corp. Add +0.3% 0.07% +0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +5.1% 0.33% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +10.2% 0.12% +0.01
GL Globe Life Inc. Add +5.7% 0.11% +0.01
TSLA Tesla Inc. Add +7.4% 0.03% +0.01
RF Regions Financial Corp. Add +0.2% 0.25% +0.01
HPE Hewlett Packard Enterprise New 0.01% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +11.0% 0.10% +0.01
LEU Centrus Energy Corp. Class A New 0.01% +0.01
WCC Wesco International Inc. New 0.01% +0.01
EIX Edison International New 0.01% +0.01
EOSE Eos Energy Enterprises Inc. Add +105.7% 0.01% +0.01
GLXY Galaxy Digital Inc. Class A New 0.01% +0.01
WDC Western Digital Corp. New 0.01% +0.01
USLM United States Lime & Mineral New 0.01% +0.01
TECK Teck Resources Ltd.-CLS B Add +101.3% 0.01% +0.01
CDNS Cadence Design SYS Inc. New 0.01% +0.01
DORM Dorman Products Inc. New 0.01% +0.01
BHP BHP Group Ltd.-Spon ADR Add +2.2% 0.06% +0.01
LYB Lyondellbasell Indu Class A New 0.01% +0.01
IBP Installed Building Products New 0.01% +0.01
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +35.1% 0.02% +0.01
TPG TPG Inc. New 0.01% +0.01
IWM iShares Russell 2000 ETF New 0.00% +0.00
BDX Becton Dickinson and Co. Add +12.8% 0.04% +0.00
LMT Lockheed Martin Corp. Add +32.6% 0.02% +0.00
AGX Argan Inc. Add +33.3% 0.01% +0.00
AVB Avalonbay Communities Inc. Add +46.7% 0.02% +0.00
LOW Lowe's Cos Inc. Add +2.1% 0.07% +0.00

Options Activity Q2 2025 → Q3 2025
PALO ALTO NETWORKS INC call Sold out 2,718 $3.2Mbefore exit
TALEN ENERGY CORP call Add +133.3% 70 $733K
SPROTT FDS TR call New 400 $516K
GE VERNOVA INC call New 80 $502K
ANTERO RESOURCES CORP call Sold out 350 $326Kbefore exit
RANGE RES CORP call Sold out 550 $319Kbefore exit
EQT CORP call Reduce -13.6% 190 $235K

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

Notes & Other Activity Q2 2025 → Q3 2025
ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) 6.75 SE B PFD Add +1.5% 8,191 $407K
AIRBNB INC (ABNB 0 03/15/26) NOTE 3/1 · principal Add +24.0% 62,000 $61K
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal Sold out 64,000 $58Kbefore exit
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Add +38.5% 18,000 $58K
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal New 41,000 $57K
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal Reduce -13.0% 20,000 $56K
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal New 56,000 $52K
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal Add +61.1% 29,000 $45K
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal Add +180.0% 42,000 $41K
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal Add +48.0% 37,000 $36K
OKTA INC (OKTA 0.125 09/01/25) NOTE 0.125% 9/0 · principal Sold out 36,000 $36Kbefore exit
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal Add +115.4% 28,000 $32K
CLOUDFLARE INC (NET 0 08/15/26) NOTE 8/1 · principal Reduce -32.4% 25,000 $31K
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Reduce -14.3% 18,000 $29K
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal Sold out 32,000 $28Kbefore exit
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Add +25.0% 15,000 $28K
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal Reduce -20.0% 20,000 $27K
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal Sold out 19,000 $27Kbefore exit
SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) NOTE 3.500% 3/0 · principal New 26,000 $26K
MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) NOTE 4.000% 5/0 · principal Reduce -16.7% 10,000 $24K
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal Add +46.1% 19,000 $22K
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal Add +46.1% 19,000 $21K
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal New 13,000 $21K
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal Sold out 17,000 $21Kbefore exit
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal Sold out 13,000 $20Kbefore exit
Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal Sold out 16,000 $19Kbefore exit
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal Sold out 10,000 $15Kbefore exit
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal New 13,000 $15K
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal Sold out 13,000 $13Kbefore exit
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal Sold out 13,000 $13Kbefore exit
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal Reduce -52.0% 12,000 $12K

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