Thrivent Financial for Lutherans
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed August 26, 2025), Thrivent Financial for Lutherans reported 2,262 stock positions worth $44.5 billion. Its top holding was Apple (AAPL) at 2.8% of the portfolio, followed by Microsoft (MSFT, 2.7%) and Nvidia (NVDA, 2.5%). Compared with Q4 2024, it opened 43 new positions, sold out of 321, added to 515 and reduced 1,426. The biggest buy was Unitedhealth (UNH, shares +103%) and the biggest sale Lululemon Athletica (LULU, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0000314984
- Portfolio Value
- $44.5B (Q1 2025)
- SEC Filing
- 0000950123-25-008570 ↗ filed Aug 26, 2025
Holdings Value
Holdings 2,262 stocks · $44.5B
| AAPL Apple Inc. | 2.81% | 5,630,853 | $1.3B | Reduce -0.0% |
| MSFT Microsoft Corp. | 2.74% | 3,236,219 | $1.2B | Reduce -4.1% |
| NVDA Nvidia Corp. | 2.52% | 10,251,260 | $1.1B | Reduce -1.8% |
| AMZN Amazon.com Inc. | 2.31% | 5,382,892 | $1.0B | Add +12.4% |
| META Meta Platforms Inc. Class A | 2.04% | 1,569,569 | $904.8M | Add +5.5% |
| IVV iShares Core S&P 500 ETF | 1.73% | 1,298,472 | $769.9M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 1.55% | 4,396,564 | $688.2M | Reduce -10.6% |
| V Visa Inc. Class A | 1.07% | 1,362,485 | $475.9M | Add +22.3% |
| JPM JPMorgan Chase & Co. | 0.81% | 1,477,852 | $362.1M | Reduce -0.8% |
| UNH Unitedhealth Group Inc. | 0.80% | 675,913 | $355.1M | Add +103.1% |
| AVGO Broadcom Inc. | 0.78% | 2,062,638 | $345.8M | Add +22.4% |
| TSLA Tesla Inc. | 0.75% | 1,275,088 | $334.1M | Add +11.2% |
| LLY Eli Lilly & Co. | 0.74% | 397,144 | $328.1M | Reduce -15.3% |
| XOM Exxon Mobil Corp. | 0.65% | 2,431,492 | $289.4M | Add +2.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.62% | 1,117,872 | $277.7M | Reduce -5.2% |
| HD Home Depot Inc. | 0.62% | 754,067 | $276.7M | Add +8.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.61% | 487,036 | $273.3M | Reduce -20.7% |
| WFC Wells Fargo & Co. | 0.61% | 3,752,003 | $269.4M | Reduce -1.1% |
| FAST Fastenal Co. | 0.60% | 3,455,936 | $268.0M | Reduce -16.9% |
| QCOM Qualcomm Inc. | 0.58% | 1,681,202 | $258.3M | Reduce -0.8% |
| KNSL Kinsale Capital Group Inc. | 0.56% | 511,177 | $248.8M | Reduce -18.9% |
| JNJ Johnson & Johnson | 0.55% | 1,469,968 | $243.4M | Reduce -2.0% |
| EXE Expand Energy Corp. | 0.53% | 2,102,976 | $234.1M | Reduce -31.1% |
| TRMB Trimble Inc. | 0.52% | 3,494,429 | $229.4M | Reduce -0.1% |
| USHY iShares Broad Usd High Yield | 0.51% | 6,179,399 | $227.7M | Reduce -22.5% |
| PM Philip Morris International | 0.50% | 1,397,821 | $221.7M | Reduce -10.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.49% | 5,237,663 | $218.7M | Reduce -0.1% |
| NOW ServiceNow Inc. | 0.49% | 272,692 | $217.5M | Reduce -10.2% |
| DVN Devon Energy Corp. | 0.48% | 5,741,949 | $214.8M | Add +0.8% |
| WMT Walmart Inc. | 0.48% | 2,442,074 | $213.8M | Add +16.1% |
| CSCO Cisco Systems Inc. | 0.47% | 3,415,904 | $210.2M | Reduce -5.7% |
| UBER Uber Technologies Inc. | 0.47% | 2,873,908 | $209.4M | Add +4.8% |
| CRM Salesforce Inc. | 0.45% | 746,787 | $200.8M | Reduce -2.9% |
| AMP Ameriprise Financial Inc. | 0.45% | 410,214 | $198.8M | Reduce -0.6% |
| STLD Steel Dynamics Inc. | 0.44% | 1,559,987 | $195.1M | Add +5.6% |
| DOCU Docusign Inc. | 0.42% | 2,315,974 | $188.5M | Reduce -0.1% |
| SKY Champion Homes Inc. | 0.41% | 1,945,975 | $184.4M | Reduce -13.7% |
| CAT Caterpillar Inc. | 0.41% | 551,765 | $183.8M | Add +12.1% |
| VZ Verizon Communications Inc. | 0.41% | 4,054,463 | $183.6M | Reduce -1.3% |
| COP Conocophillips | 0.41% | 1,745,783 | $183.6M | Reduce -0.3% |
| HWM Howmet Aerospace Inc. | 0.40% | 1,379,637 | $179.0M | Reduce -9.1% |
| TKR Timken Co. | 0.40% | 2,448,128 | $175.9M | Reduce -6.0% |
| WAL Western Alliance Bancorp | 0.39% | 2,253,609 | $173.1M | Reduce -0.9% |
| VOO Vanguard S&P 500 ETF | 0.39% | 313,425 | $172.4M | Reduce -12.8% |
| ISRG Intuitive Surgical Inc. | 0.38% | 339,119 | $168.6M | Add +2.5% |
| SCHW Schwab (charles) Corp. | 0.37% | 2,077,799 | $162.6M | Add +8.8% |
| TW Tradeweb Markets Inc. Class A | 0.36% | 1,092,369 | $162.2M | Add +8.0% |
| GRMN Garmin Ltd. | 0.36% | 741,819 | $161.1M | Reduce -0.1% |
| ETR Entergy Corp. | 0.36% | 1,865,504 | $159.6M | Reduce -2.9% |
| DUK Duke Energy Corp. | 0.35% | 1,284,671 | $156.6M | Reduce -0.0% |
| DHR Danaher Corp. | 0.35% | 756,469 | $155.3M | Add +0.1% |
| ALLY Ally Financial Inc. | 0.35% | 4,245,795 | $154.8M | Reduce -0.4% |
| DASH DoorDash Inc. Class A | 0.34% | 825,511 | $150.9M | Add +29.8% |
| ACGL Arch Capital Group Ltd. | 0.34% | 1,562,690 | $150.4M | Add +1.3% |
| WH Wyndham Hotels & Resorts Inc. | 0.34% | 1,656,325 | $149.9M | Reduce -8.5% |
| SBAC SBA Communications Corp. | 0.34% | 678,142 | $149.2M | Reduce -18.9% |
| CASY Casey's General Stores Inc. | 0.33% | 341,761 | $148.3M | Add +17.7% |
| JNK SS SPDR BB High Yield Bond | 0.33% | 1,545,825 | $146.5M | Add +12.1% |
| AMGN Amgen Inc. | 0.33% | 464,698 | $144.8M | Reduce -6.0% |
| ODFL Old Dominion Freight Line | 0.32% | 870,980 | $144.1M | Reduce -27.1% |
| SYY Sysco Corp. | 0.32% | 1,866,685 | $140.1M | Add +2.3% |
| NI Nisource Inc. | 0.31% | 3,490,025 | $139.9M | Reduce -15.8% |
| ICE Intercontinental Exchange Inc. | 0.31% | 790,811 | $136.4M | Add +0.0% |
| LNT Alliant Energy Corp. | 0.30% | 2,105,489 | $135.4M | Reduce -9.5% |
| EPD Enterprise Products Partners | 0.30% | 3,961,121 | $135.2M | Add +0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 259,481 | $134.3M | Reduce -9.0% |
| IVW iShares S&P 500 Growth ETF | 0.30% | 1,368,850 | $134.1M | Add +3.7% |
| AMAT Applied Materials Inc. | 0.30% | 914,496 | $133.1M | Reduce -10.7% |
| ROK Rockwell Automation Inc. | 0.30% | 514,404 | $132.9M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.30% | 1,467,661 | $132.3M | Reduce -4.8% |
| CNP Centerpoint Energy Inc. | 0.30% | 3,641,565 | $131.8M | Reduce -3.7% |
| IWF iShares Russell 1000 Growth | 0.29% | 338,837 | $130.6M | Add +3.4% |
| PH Parker Hannifin Corp. | 0.29% | 213,952 | $130.1M | Add +477.6% |
| WAT Waters Corp. | 0.29% | 352,059 | $129.8M | Add +85.9% |
| NTRS Northern Trust Corp. | 0.29% | 1,310,569 | $129.3M | Add +0.1% |
| ZTS Zoetis Inc. | 0.28% | 747,289 | $123.3M | Reduce -5.6% |
| FR First Industrial Realty TR | 0.27% | 2,263,557 | $122.1M | Add +7168.7% |
| FBND Fidelity Total Bond ETF | 0.27% | 2,675,043 | $122.1M | Add +7.3% |
| RLI Rli Corp. | 0.27% | 1,496,941 | $122.1M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 0.27% | 770,894 | $121.9M | Add +24.9% |
| FTNT Fortinet Inc. | 0.27% | 1,251,671 | $120.5M | Add +16.6% |
| PGNY Progyny Inc. | 0.27% | 5,350,869 | $119.5M | Add +9244.4% |
| EBAY eBay Inc. | 0.27% | 1,761,072 | $119.3M | Reduce -4.3% |
| URI United Rentals Inc. | 0.27% | 189,218 | $118.8M | Reduce -39.4% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.26% | 1,032,054 | $117.7M | Reduce -12.7% |
| GILD Gilead Sciences Inc. | 0.26% | 1,045,795 | $117.1M | Reduce -11.9% |
| VST Vistra Corp. | 0.26% | 987,858 | $116.0M | Reduce -8.5% |
| CB Chubb Ltd. | 0.26% | 384,356 | $115.8M | Reduce -0.5% |
| AXP American Express Co. | 0.26% | 429,294 | $115.7M | Add +1.0% |
| HON Honeywell International Inc. | 0.26% | 545,585 | $115.6M | Reduce -0.1% |
| NVR NVR Inc. | 0.26% | 15,695 | $113.7M | Reduce -40.9% |
| QRVO Qorvo Inc. | 0.25% | 1,535,288 | $111.2M | Add +43.9% |
| EXPE Expedia Group Inc. | 0.25% | 654,943 | $110.1M | Reduce -0.5% |
| CIEN Ciena Corp. | 0.25% | 1,817,611 | $109.8M | Reduce -30.5% |
| PWR Quanta Services Inc. | 0.25% | 431,863 | $109.8M | Reduce -11.3% |
| QUAL iShares MSCI USA Quality Fac | 0.24% | 593,865 | $107.7M | Reduce -6.7% |
| NSA National Storage Affiliates | 0.24% | 2,716,692 | $107.0M | Add +6.6% |
| ZION Zions Bancorp NA | 0.24% | 2,108,586 | $105.1M | Add +0.2% |
| ZBRA Zebra Technologies Corp. Class A | 0.24% | 368,753 | $104.5M | Add +2202.3% |
| LOW Lowe's Cos Inc. | 0.23% | 444,866 | $103.9M | Reduce -0.9% |
Other holdings (92): bonds, preferreds, convertibles and warrants · $850.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 26,040,000 | $31.1M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 28,485,000 | $30.5M | New |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 23,055,000 | $29.9M | New |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 9,267,000 | $29.5M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 30,550,000 | $28.7M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 23,640,000 | $20.6M | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 18,062,000 | $20.3M | New |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 15,885,000 | $19.4M | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 19,454,000 | $19.0M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 13,095,000 | $18.3M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 19,775,000 | $17.0M | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 15,058,000 | $16.6M | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 11,887,000 | $16.6M | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 6,654,000 | $16.4M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 17,218,000 | $16.2M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 15,491,000 | $16.0M | New |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 15,177,000 | $14.9M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 15,279,000 | $14.1M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 13,640,000 | $14.0M | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 14,580,000 | $13.8M | New |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 14,333,000 | $13.7M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 13,660,000 | $13.1M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 13,100,000 | $12.4M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 16,808,000 | $12.4M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 13,988,000 | $12.4M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 10,074,000 | $12.0M | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 10,973,000 | $11.7M | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 4,325,000 | $11.7M | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 10,843,000 | $11.5M | New |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 4,898,000 | $11.4M | New |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 11,265,000 | $10.8M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 9,892,000 | $10.6M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 9,578,000 | $10.4M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 10,357,000 | $10.3M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 10,855,000 | $10.1M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 7,791,000 | $10.1M | New |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 10,600,000 | $10.1M | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 9,508,000 | $10.1M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 8,879,000 | $9.9M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 10,290,000 | $9.8M | New |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 9,770,000 | $9.8M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 9,669,000 | $9.4M | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 8,579,000 | $9.3M | New |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 9,330,000 | $9.2M | New |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 8,885,000 | $9.2M | New |
| AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) | NOTE 3.875% 8/1 · principal | 8,710,000 | $8.7M | New |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | 3,317,000 | $8.1M | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,215,000 | $8.1M | New |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 7,116,000 | $8.0M | New |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 13,606,000 | $7.7M | New |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 6,180,000 | $7.6M | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 5,780,000 | $7.6M | New |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 7,762,000 | $7.4M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 6,868,000 | $7.3M | New |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 5,205,000 | $7.3M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 6,195,000 | $7.2M | New |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 7,720,000 | $6.8M | New |
| VAREX IMAGING CORPORATIO (VREX 4 06/01/25) | NOTE 4.000% 6/0 · principal | 6,640,000 | $6.7M | New |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 5,832,000 | $6.3M | New |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 7,771,000 | $6.2M | New |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,110,000 | $5.5M | New |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 6,094,000 | $5.4M | New |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 5,280,000 | $5.0M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 5,023,000 | $4.9M | New |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 4,900,000 | $4.7M | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 4,360,000 | $4.6M | New |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 4,090,000 | $3.8M | New |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 4,160,000 | $3.8M | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 2,405,000 | $3.5M | New |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 2,708,000 | $2.9M | New |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 2,635,000 | $2.6M | New |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 2,200,000 | $2.3M | New |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 2,489,000 | $2.3M | New |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 2,120,000 | $2.2M | New |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 2,163,000 | $2.0M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,500,000 | $1.8M | New |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 500,000 | $1.7M | New |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 1,700,000 | $1.6M | New |
| ENVISTA HOLDINGS CORP (NVST 2.375 06/01/25) | NOTE 2.375% 6/0 · principal | 1,575,000 | $1.6M | New |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 1,133,865 | $1.1M | New |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 1,000,000 | $977K | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 718,923 | $425K | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV · principal | 244,808 | $180K | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | 386,477 | $138K | New |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 252,210 | $122K | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV · principal | 250,075 | $119K | New |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 · principal | 190,755 | $91K | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 · principal | 221,996 | $90K | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 · principal | 104,201 | $47K | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | 26,123 | $31K | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | 25,032 | $31K | New |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG · principal | 10,000 | $5K | New |
Total filed on the 13F, all lines: $45.3B.
Portfolio Sells Q4 2024 → Q1 2025
| LULU Lululemon Athletica Inc. | Reduce -99.8% | 0.00% | −0.31 |
| GOOG Alphabet Inc. Class C | Reduce -10.6% | 1.55% | −0.27 |
| CMG Chipotle Mexican Grill Inc. | Reduce -85.0% | 0.04% | −0.25 |
| AMD Advanced Micro Devices | Reduce -90.0% | 0.03% | −0.23 |
| PYPL PayPal Holdings Inc. | Reduce -96.7% | 0.01% | −0.22 |
| NVDA Nvidia Corp. | Reduce -1.8% | 2.52% | −0.21 |
| ELV Elevance Health Inc. | Reduce -93.0% | 0.02% | −0.20 |
| HAE Haemonetics Corp. | Reduce -99.1% | 0.00% | −0.19 |
| TSME Thrivent SML-MDC Eq ETF-US I | Reduce -99.5% | 0.00% | −0.18 |
| CIEN Ciena Corp. | Reduce -30.5% | 0.25% | −0.18 |
| SNY Sanofi-ADR | Reduce -99.5% | 0.00% | −0.18 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -90.6% | 0.02% | −0.18 |
| FBCG Fidelity Blue Chip Grow ETF | Sold out | 0.00% | −0.18 |
| NOC Northrop Grumman Corp. | Reduce -97.0% | 0.01% | −0.18 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -54.8% | 0.14% | −0.17 |
| NVR NVR Inc. | Reduce -40.9% | 0.26% | −0.17 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.16 |
| URI United Rentals Inc. | Reduce -39.4% | 0.27% | −0.16 |
| EW Edwards Lifesciences Corp. | Reduce -96.5% | 0.01% | −0.16 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.16 |
| TSN Tyson Foods Inc. Class A | Reduce -97.3% | 0.01% | −0.15 |
| SRPT Sarepta Therapeutics Inc. | Reduce -96.5% | 0.00% | −0.15 |
| VRNS Varonis Systems Inc. | Reduce -67.1% | 0.08% | −0.15 |
| NOW ServiceNow Inc. | Reduce -10.2% | 0.49% | −0.14 |
| MDB Mongodb Inc. | Reduce -82.9% | 0.02% | −0.13 |
| SONY Sony Group Corp. - SP ADR | Reduce -98.8% | 0.00% | −0.13 |
| TXRH Texas Roadhouse Inc. | Reduce -82.0% | 0.03% | −0.12 |
| VXF Vanguard Extended Market ETF | Reduce -77.9% | 0.04% | −0.12 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.12 |
| XMHQ Invesco S&P Midcap Qual ETF | Reduce -63.9% | 0.09% | −0.12 |
| JPEF JPMorgan Equity Focus ETF | Sold out | 0.00% | −0.11 |
| BALL Ball Corp. | Reduce -98.4% | 0.00% | −0.11 |
| ELF Elf Beauty Inc. | Reduce -76.0% | 0.02% | −0.11 |
| COLM Columbia Sportswear Co. | Reduce -58.1% | 0.09% | −0.11 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -55.3% | 0.10% | −0.11 |
| SMH Vaneck Semiconductor ETF | Reduce -73.9% | 0.05% | −0.11 |
| SCHG Schwab US Large-Cap Growth | Reduce -79.5% | 0.03% | −0.10 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -81.0% | 0.03% | −0.10 |
| EFOR Everforth Inc. | Reduce -98.3% | 0.00% | −0.10 |
| WELD Tema U.S. Manufacturing & Re | Reduce -81.5% | 0.03% | −0.10 |
| XLF SS Financial Select Sector | Reduce -92.1% | 0.01% | −0.10 |
| JCPB JPMorgan Core Plus Bond ETF | Sold out | 0.00% | −0.09 |
| ARE Alexandria Real Estate Equit | Reduce -77.3% | 0.03% | −0.09 |
| ODFL Old Dominion Freight Line | Reduce -27.1% | 0.32% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -20.7% | 0.61% | −0.09 |
| AXON Axon Enterprise Inc. | Reduce -34.0% | 0.18% | −0.08 |
| TTMI TTM Technologies | Reduce -28.8% | 0.18% | −0.08 |
| SHEL Shell PLC-ADR | Reduce -97.9% | 0.00% | −0.08 |
| LW Lamb Weston Holdings Inc. | Reduce -65.2% | 0.04% | −0.08 |
| LOPE Grand Canyon Education Inc. | Reduce -72.8% | 0.04% | −0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| UNH Unitedhealth Group Inc. | Add +103.1% | 0.80% | +0.47 |
| V Visa Inc. Class A | Add +22.3% | 1.07% | +0.39 |
| META Meta Platforms Inc. Class A | Add +5.5% | 2.04% | +0.34 |
| FR First Industrial Realty TR | Add +7168.7% | 0.27% | +0.27 |
| AMZN Amazon.com Inc. | Add +12.4% | 2.31% | +0.27 |
| PGNY Progyny Inc. | Add +9244.4% | 0.27% | +0.27 |
| PH Parker Hannifin Corp. | Add +477.6% | 0.29% | +0.25 |
| ZBRA Zebra Technologies Corp. Class A | Add +2202.3% | 0.24% | +0.22 |
| IVV iShares Core S&P 500 ETF | Add +0.2% | 1.73% | +0.22 |
| SPOT Spotify Technology SA | Add +2086.8% | 0.22% | +0.21 |
| HSY The Hershey Co. | Add +6312.3% | 0.21% | +0.20 |
| WAT Waters Corp. | Add +85.9% | 0.29% | +0.16 |
| CNC Centene Corp. | Add +1944.4% | 0.16% | +0.15 |
| XOM Exxon Mobil Corp. | Add +2.7% | 0.65% | +0.15 |
| PLTR Palantir Technologies Inc. Class A | Add +835.3% | 0.16% | +0.15 |
| UBER Uber Technologies Inc. | Add +4.8% | 0.47% | +0.15 |
| DASH DoorDash Inc. Class A | Add +29.8% | 0.34% | +0.13 |
| GTES Gates Industrial Corp. UK Ltd. | Add +233.3% | 0.18% | +0.13 |
| CXT Crane NXT Co. | Add +3330.1% | 0.13% | +0.13 |
| DVN Devon Energy Corp. | Add +0.8% | 0.48% | +0.12 |
| CON Concentra Group Holdings Par | Add +2901.1% | 0.12% | +0.12 |
| SKX Skechers USA Inc. Class A | Add +3016.4% | 0.12% | +0.12 |
| LZB La-Z-Boy Inc. | Add +4084.0% | 0.12% | +0.12 |
| DFIN Donnelley Financial Solution | Add +5769.9% | 0.12% | +0.12 |
| WMT Walmart Inc. | Add +16.1% | 0.48% | +0.11 |
| STLD Steel Dynamics Inc. | Add +5.6% | 0.44% | +0.11 |
| CASY Casey's General Stores Inc. | Add +17.7% | 0.33% | +0.11 |
| TW Tradeweb Markets Inc. Class A | Add +8.0% | 0.36% | +0.11 |
| QRVO Qorvo Inc. | Add +43.9% | 0.25% | +0.10 |
| EPAC Enerpac Tool Group Corp. | Add +181.2% | 0.14% | +0.10 |
| TREX Trex Company Inc. | Add +3043.0% | 0.10% | +0.10 |
| HD Home Depot Inc. | Add +8.5% | 0.62% | +0.10 |
| BMRN Biomarin Pharmaceutical Inc. | Add +1240.2% | 0.10% | +0.09 |
| SCHW Schwab (charles) Corp. | Add +8.8% | 0.37% | +0.09 |
| EEM iShares MSCI Emerging Market | Add +653.8% | 0.09% | +0.08 |
| ICE Intercontinental Exchange Inc. | Add +0.0% | 0.31% | +0.08 |
| ADMA Adma Biologics Inc. | Add +892.2% | 0.08% | +0.08 |
| LDOS Leidos Holdings Inc. | Add +45.5% | 0.21% | +0.07 |
| MOD Modine Manufacturing Co. | Add +291.4% | 0.11% | +0.07 |
| FTNT Fortinet Inc. | Add +16.6% | 0.27% | +0.07 |
| JNK SS SPDR BB High Yield Bond | Add +12.1% | 0.33% | +0.07 |
| EPD Enterprise Products Partners | Add +0.7% | 0.30% | +0.06 |
| CAT Caterpillar Inc. | Add +12.1% | 0.41% | +0.06 |
| FUN Six Flags Entertainment Corp. | Add +186.1% | 0.11% | +0.06 |
| KVUE Kenvue Inc. | Add +5.6% | 0.23% | +0.06 |
| LUV Southwest Airlines Co. | Add +26.1% | 0.20% | +0.06 |
| ACGL Arch Capital Group Ltd. | Add +1.3% | 0.34% | +0.06 |
| FBND Fidelity Total Bond ETF | Add +7.3% | 0.27% | +0.06 |
| EHC Encompass Health Corp. | Add +6.5% | 0.22% | +0.06 |
| TCPB Thrivent Core Plus Bond ETF | New | 0.05% | +0.05 |
Notes & Other Activity Q4 2024 → Q1 2025
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Sold out | 781,725 | $48.1Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | New | 26,040,000 | $31.1M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 25,933 | $30.8Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 28,485,000 | $30.5M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 23,055,000 | $29.9M |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | New | 9,267,000 | $29.5M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | New | 30,550,000 | $28.7M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 23,287 | $28.2Mbefore exit |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Sold out | 248,568 | $21.6Mbefore exit |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | New | 23,640,000 | $20.6M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | New | 18,062,000 | $20.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 15,885,000 | $19.4M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | New | 19,454,000 | $19.0M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | New | 13,095,000 | $18.3M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 19,775,000 | $17.0M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | New | 15,058,000 | $16.6M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Sold out | 264,695 | $16.6Mbefore exit |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | New | 11,887,000 | $16.6M |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | New | 6,654,000 | $16.4M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 17,218,000 | $16.2M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | New | 15,491,000 | $16.0M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Sold out | 388,947 | $15.9Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | New | 15,177,000 | $14.9M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Sold out | 254,200 | $14.2Mbefore exit |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 15,279,000 | $14.1M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | New | 13,640,000 | $14.0M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | New | 14,580,000 | $13.8M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 14,333,000 | $13.7M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | New | 13,660,000 | $13.1M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | New | 13,100,000 | $12.4M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | New | 16,808,000 | $12.4M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | New | 13,988,000 | $12.4M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 10,074,000 | $12.0M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | New | 10,973,000 | $11.7M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | New | 4,325,000 | $11.7M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | New | 10,843,000 | $11.5M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | New | 4,898,000 | $11.4M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | New | 11,265,000 | $10.8M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | New | 9,892,000 | $10.6M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 9,578,000 | $10.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | New | 10,357,000 | $10.3M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | New | 10,855,000 | $10.1M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 7,791,000 | $10.1M |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | New | 10,600,000 | $10.1M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | New | 9,508,000 | $10.1M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | New | 8,879,000 | $9.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | New | 10,290,000 | $9.8M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | New | 9,770,000 | $9.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 9,669,000 | $9.4M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | New | 8,579,000 | $9.3M |
Showing the first 50 of 102.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,503 | $58.2B | NVDA, AMZN, AAPL, MSFT, GOOG |
| Q1 2026 | 2,442 | $51.3B | NVDA, MSFT, AAPL, AMZN, GOOG |
| Q4 2025 | 2,471 | $55.2B | NVDA, MSFT, AAPL, AMZN, GOOG |
| Q3 2025 | 2,267 | $49.6B | NVDA, MSFT, AAPL, AMZN, META |
| Q2 2025Amended | 2,326 | $44.5B | MSFT, NVDA, AMZN, META, AAPL |
| Q1 2025Amended | 2,262 | $44.5B | AAPL, MSFT, NVDA, AMZN, META |
| Q4 2024 | 2,538 | $51.4B | MSFT, NVDA, AAPL, AMZN, GOOG |
| Q3 2024 | 2,499 | $52.5B | MSFT, AAPL, NVDA, GOOG, META |
| Q2 2024 | 2,514 | $49.5B | MSFT, NVDA, AAPL, GOOG, AMZN |
| Q1 2024 | 2,497 | $49.7B | MSFT, NVDA, AMZN, AAPL, GOOG |