Thrivent Financial for Lutherans
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 26, 2025), Thrivent Financial for Lutherans reported 2,326 stock positions worth $44.5 billion. Its top holding was Microsoft (MSFT) at 4.1% of the portfolio, followed by Nvidia (NVDA, 3.8%) and Amazon.com (AMZN, 2.8%). Compared with Q1 2025, it opened 242 new positions, sold out of 179, added to 1,042 and reduced 949. The biggest buy was Microsoft (MSFT, shares +14%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0000314984
- Portfolio Value
- $44.5B (Q2 2025)
- SEC Filing
- 0000950123-25-008580 ↗ filed Aug 26, 2025
Holdings Value
Holdings 2,326 stocks · $44.5B
| MSFT Microsoft Corp. | 4.14% | 3,703,759 | $1.8B | Add +14.4% |
| NVDA Nvidia Corp. | 3.81% | 10,727,375 | $1.7B | Add +4.6% |
| AMZN Amazon.com Inc. | 2.81% | 5,692,317 | $1.2B | Add +5.8% |
| META Meta Platforms Inc. Class A | 2.72% | 1,638,779 | $1.2B | Add +4.4% |
| AAPL Apple Inc. | 2.37% | 5,142,552 | $1.1B | Reduce -8.7% |
| GOOG Alphabet Inc. Class C | 1.88% | 4,716,109 | $836.7M | Add +7.3% |
| AVGO Broadcom Inc. | 1.40% | 2,259,208 | $622.5M | Add +9.5% |
| V Visa Inc. Class A | 1.16% | 1,453,790 | $515.9M | Add +6.7% |
| JPM JPMorgan Chase & Co. | 1.06% | 1,636,306 | $474.2M | Add +10.7% |
| TSLA Tesla Inc. | 0.93% | 1,297,436 | $412.4M | Add +1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.82% | 594,453 | $367.3M | Add +22.1% |
| LLY Eli Lilly & Co. | 0.79% | 449,927 | $350.7M | Add +13.3% |
| NOW ServiceNow Inc. | 0.69% | 296,711 | $305.0M | Add +8.8% |
| WFC Wells Fargo & Co. | 0.68% | 3,758,772 | $301.1M | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.62% | 936,248 | $275.9M | Reduce -16.3% |
| HD Home Depot Inc. | 0.58% | 709,651 | $260.2M | Reduce -5.9% |
| FAST Fastenal Co. | 0.58% | 6,142,808 | $258.0M | Reduce -11.1% |
| XOM Exxon Mobil Corp. | 0.57% | 2,357,180 | $254.3M | Reduce -3.1% |
| NFLX Netflix Inc. | 0.56% | 187,380 | $250.8M | Add +407.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.56% | 5,253,640 | $248.6M | Add +0.3% |
| CAT Caterpillar Inc. | 0.54% | 621,518 | $241.2M | Add +12.6% |
| ISRG Intuitive Surgical Inc. | 0.54% | 442,483 | $240.3M | Add +30.5% |
| WMT Walmart Inc. | 0.52% | 2,385,177 | $233.2M | Reduce -2.3% |
| JNJ Johnson & Johnson | 0.52% | 1,510,207 | $230.7M | Add +2.7% |
| SCHW Schwab (charles) Corp. | 0.49% | 2,378,672 | $217.0M | Add +14.5% |
| USHY iShares Broad Usd High Yield | 0.47% | 5,617,910 | $210.7M | Reduce -9.1% |
| TRMB Trimble Inc. | 0.47% | 2,753,151 | $209.2M | Reduce -21.2% |
| DASH DoorDash Inc. Class A | 0.46% | 836,165 | $206.1M | Add +1.3% |
| COF Capital One Financial Corp. | 0.45% | 946,613 | $201.4M | Add +65.3% |
| UBER Uber Technologies Inc. | 0.45% | 2,130,762 | $198.8M | Reduce -25.9% |
| AMP Ameriprise Financial Inc. | 0.43% | 356,896 | $190.5M | Reduce -13.0% |
| COP Conocophillips | 0.43% | 2,120,352 | $190.3M | Add +21.5% |
| PLTR Palantir Technologies Inc. Class A | 0.42% | 1,375,008 | $187.4M | Add +59.3% |
| TSME Thrivent SML-MDC Eq ETF-US I | 0.41% | 4,944,956 | $184.8M | Add +42124.9% |
| PH Parker Hannifin Corp. | 0.41% | 262,081 | $183.1M | Add +22.5% |
| EXE Expand Energy Corp. | 0.41% | 1,545,937 | $180.8M | Reduce -26.5% |
| STLD Steel Dynamics Inc. | 0.40% | 1,403,570 | $179.7M | Reduce -10.0% |
| IVV iShares Core S&P 500 ETF | 0.40% | 285,486 | $177.3M | Reduce -78.0% |
| MRK Merck & Co. Inc. | 0.39% | 2,221,342 | $175.8M | Add +51.4% |
| AXP American Express Co. | 0.39% | 544,575 | $173.7M | Add +26.9% |
| CSCO Cisco Systems Inc. | 0.39% | 2,492,744 | $172.9M | Reduce -27.0% |
| DOCU Docusign Inc. | 0.36% | 2,075,844 | $161.7M | Reduce -10.4% |
| ETR Entergy Corp. | 0.36% | 1,920,035 | $159.6M | Add +2.9% |
| DHR Danaher Corp. | 0.36% | 804,750 | $159.0M | Add +6.4% |
| SPOT Spotify Technology SA | 0.36% | 206,386 | $158.4M | Add +18.3% |
| QCOM Qualcomm Inc. | 0.35% | 987,530 | $157.3M | Reduce -41.3% |
| UNH Unitedhealth Group Inc. | 0.35% | 498,486 | $155.5M | Reduce -26.3% |
| AMAT Applied Materials Inc. | 0.35% | 847,021 | $155.1M | Reduce -7.4% |
| HWM Howmet Aerospace Inc. | 0.35% | 831,198 | $154.7M | Reduce -39.8% |
| FTNT Fortinet Inc. | 0.35% | 1,460,656 | $154.4M | Add +16.7% |
| ROK Rockwell Automation Inc. | 0.34% | 457,689 | $152.0M | Reduce -11.0% |
| ALLY Ally Financial Inc. | 0.34% | 3,860,516 | $150.4M | Reduce -9.1% |
| AMGN Amgen Inc. | 0.33% | 530,258 | $148.0M | Add +14.1% |
| ACGL Arch Capital Group Ltd. | 0.33% | 1,622,360 | $147.7M | Add +3.8% |
| TW Tradeweb Markets Inc. Class A | 0.33% | 997,346 | $146.0M | Reduce -8.7% |
| NTRS Northern Trust Corp. | 0.32% | 1,124,777 | $142.6M | Reduce -14.2% |
| DUK Duke Energy Corp. | 0.32% | 1,208,414 | $142.6M | Reduce -5.9% |
| DVN Devon Energy Corp. | 0.32% | 4,466,011 | $142.1M | Reduce -22.2% |
| SBAC SBA Communications Corp. | 0.32% | 604,388 | $141.9M | Reduce -10.9% |
| GRMN Garmin Ltd. | 0.31% | 668,778 | $139.6M | Reduce -9.8% |
| KNSL Kinsale Capital Group Inc. | 0.31% | 285,092 | $137.9M | Reduce -44.2% |
| SYY Sysco Corp. | 0.31% | 1,797,641 | $136.2M | Reduce -3.7% |
| LH Labcorp Holdings Inc. | 0.30% | 517,396 | $135.8M | Add +25.6% |
| CEG Constellation Energy | 0.30% | 419,320 | $135.3M | Add +18.5% |
| TKR Timken Co. | 0.30% | 1,861,479 | $135.1M | Reduce -24.0% |
| PWR Quanta Services Inc. | 0.30% | 356,431 | $134.7M | Reduce -17.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.30% | 687,580 | $133.4M | Add +621.1% |
| URI United Rentals Inc. | 0.30% | 174,830 | $131.7M | Reduce -7.6% |
| ICE Intercontinental Exchange Inc. | 0.29% | 715,648 | $131.3M | Reduce -9.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 268,370 | $130.4M | Add +3.4% |
| SKY Champion Homes Inc. | 0.29% | 2,068,870 | $129.5M | Add +6.3% |
| HON Honeywell International Inc. | 0.29% | 546,255 | $127.2M | Add +0.1% |
| JNK SS SPDR BB High Yield Bond | 0.29% | 1,306,864 | $127.1M | Reduce -15.5% |
| SNX TD Synnex Corp. | 0.28% | 921,530 | $125.1M | Add +28.8% |
| ODFL Old Dominion Freight Line | 0.28% | 759,576 | $123.3M | Reduce -12.8% |
| WH Wyndham Hotels & Resorts Inc. | 0.28% | 1,516,424 | $123.1M | Reduce -8.4% |
| GOOGL Alphabet Inc. Class A | 0.28% | 696,563 | $123.0M | Reduce -9.6% |
| NUE Nucor Corp. | 0.28% | 946,303 | $122.6M | Add +16.8% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.27% | 1,325,854 | $122.0M | Add +14.6% |
| EPD Enterprise Products Partners | 0.27% | 3,851,163 | $119.4M | Reduce -2.8% |
| QRVO Qorvo Inc. | 0.27% | 1,400,466 | $118.9M | Reduce -8.8% |
| DAL Delta Air Lines Inc. | 0.27% | 2,407,585 | $118.4M | Add +39.8% |
| VST Vistra Corp. | 0.27% | 609,480 | $118.1M | Reduce -38.3% |
| CCI Crown Castle Inc. | 0.26% | 1,108,082 | $113.8M | Add +11.6% |
| ZBRA Zebra Technologies Corp. Class A | 0.25% | 367,809 | $113.4M | Reduce -0.3% |
| CB Chubb Ltd. | 0.25% | 388,891 | $112.6M | Add +1.2% |
| EXPE Expedia Group Inc. | 0.25% | 662,563 | $111.8M | Add +1.2% |
| HOOD Robinhood Markets Inc. Class A | 0.25% | 1,192,890 | $111.5M | Add +462.6% |
| ZTS Zoetis Inc. | 0.25% | 713,953 | $111.3M | Reduce -4.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.25% | 622,416 | $110.0M | Add +91.5% |
| CSX CSX Corp. | 0.24% | 3,310,343 | $108.0M | Add +2.9% |
| PGNY Progyny Inc. | 0.24% | 4,889,180 | $107.6M | Reduce -8.6% |
| TTMI TTM Technologies | 0.24% | 2,615,031 | $106.7M | Reduce -33.1% |
| BBY Best Buy Co. Inc. | 0.23% | 1,540,944 | $103.4M | Add +17.6% |
| NVR NVR Inc. | 0.23% | 13,941 | $103.0M | Reduce -11.2% |
| PEGA Pegasystems Inc. | 0.23% | 1,901,978 | $102.9M | Add +85.1% |
| DHI D.R. Horton Inc. | 0.22% | 776,070 | $100.0M | Add +42.0% |
| CDW CDW Corp. | 0.22% | 559,527 | $99.9M | Add +1.0% |
| BKNG Booking Holdings Inc. | 0.22% | 17,248 | $99.9M | Add +9.4% |
| FR First Industrial Realty TR | 0.22% | 2,071,778 | $99.7M | Reduce -8.5% |
Other holdings (98): bonds, preferreds, convertibles and warrants · $968.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 18,585,000 | $33.4M | Reduce -19.4% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 30,907,000 | $30.5M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 30,045,000 | $29.9M | Add +5.5% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 30,650,000 | $29.0M | Add +0.3% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 23,834,000 | $27.4M | Reduce -8.5% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 29,020,000 | $26.0M | Add +22.8% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 6,591,000 | $23.9M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 19,970,000 | $21.0M | Add +101.9% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 7,937,000 | $20.9M | Add +19.3% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 15,047,000 | $19.8M | Add +37.1% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 11,967,000 | $18.6M | Add +0.7% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 19,975,000 | $18.5M | Add +1.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 11,856,000 | $18.4M | Reduce -9.5% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 18,044,000 | $17.8M | Reduce -7.3% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 11,655,000 | $16.6M | Reduce -26.6% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 13,025,000 | $16.4M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 12,529,000 | $16.4M | Reduce -18.0% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 14,363,000 | $15.4M | New |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 14,185,000 | $15.1M | Reduce -5.8% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 16,689,000 | $15.0M | Add +19.3% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 12,677,000 | $14.6M | Reduce -16.5% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 15,918,000 | $14.3M | Reduce -7.5% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 14,333,000 | $13.8M | No change |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 16,225,000 | $13.8M | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 14,580,000 | $13.7M | No change |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 13,011,000 | $13.5M | Reduce -16.0% |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 9,254,000 | $13.0M | New |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 10,943,000 | $13.0M | Add +0.9% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 12,735,000 | $12.9M | Reduce -6.6% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 13,340,000 | $12.4M | Add +22.9% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 13,769,000 | $12.0M | Add +125.9% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 8,066,000 | $11.6M | Add +30.5% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 3,975,000 | $11.6M | Reduce -8.1% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 12,729,000 | $11.6M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 11,590,000 | $11.4M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 11,985,000 | $11.3M | Reduce -8.5% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 11,665,000 | $11.3M | Add +3.5% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 9,759,000 | $11.1M | Add +13.8% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 9,079,000 | $10.6M | Reduce -9.9% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 10,660,000 | $10.4M | Reduce -22.0% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 10,600,000 | $10.2M | No change |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 9,180,000 | $10.1M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 8,928,000 | $9.8M | Reduce -6.8% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 9,805,000 | $9.7M | Add +0.4% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 8,789,000 | $9.6M | Reduce -1.0% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 11,913,000 | $9.4M | Reduce -29.1% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 6,235,000 | $9.2M | Add +19.8% |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | 3,770,000 | $9.1M | Add +13.7% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 9,330,000 | $9.1M | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 8,945,000 | $9.0M | Add +0.7% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 7,476,000 | $9.0M | Reduce -4.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 9,290,000 | $8.8M | Reduce -9.7% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 7,948,000 | $8.7M | Add +15.7% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 6,650,000 | $8.6M | Add +15.1% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 7,981,000 | $8.5M | Add +12.2% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 6,938,000 | $8.3M | Reduce -27.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 7,150,000 | $8.3M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 7,277,000 | $8.2M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 8,264,000 | $8.0M | Reduce -14.5% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 5,770,000 | $8.0M | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 6,908,000 | $7.7M | Reduce -61.8% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,055,000 | $7.5M | Reduce -2.2% |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 7,762,000 | $7.4M | No change |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 7,290,000 | $7.1M | New |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 7,720,000 | $6.9M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 5,620,000 | $6.4M | Reduce -9.3% |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 5,802,000 | $5.9M | Reduce -0.5% |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 9,506,000 | $5.5M | Reduce -30.1% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,040,000 | $5.2M | Reduce -1.4% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 4,755,000 | $5.2M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 5,023,000 | $5.0M | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 4,900,000 | $4.7M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 6,100,000 | $4.7M | Reduce -21.5% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 2,755,000 | $4.1M | Add +14.6% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 4,160,000 | $3.9M | No change |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 4,030,000 | $3.8M | Reduce -1.5% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 3,532,000 | $3.4M | Add +41.9% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 2,635,000 | $2.5M | No change |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 2,200,000 | $2.3M | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 2,163,000 | $2.1M | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 1,495,000 | $1.7M | Reduce -65.7% |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 1,620,000 | $1.6M | Reduce -23.6% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 1,700,000 | $1.6M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,000,000 | $1.3M | Reduce -33.3% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 1,065,000 | $1.1M | Add +6.5% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 652,133 | $443K | Reduce -9.3% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 350,000 | $335K | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D · principal | 412,805 | $221K | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV · principal | 229,273 | $172K | Reduce -6.3% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG · principal | 234,289 | $156K | Add +2242.9% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV · principal | 256,350 | $151K | Add +2.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 242,040 | $128K | Reduce -4.0% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | 358,772 | $115K | Reduce -7.2% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 · principal | 190,755 | $90K | No change |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 · principal | 216,996 | $86K | Reduce -2.3% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 · principal | 109,123 | $48K | Add +4.7% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | 27,433 | $32K | Add +5.0% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | 23,952 | $29K | Reduce -4.3% |
Total filed on the 13F, all lines: $45.5B.
Portfolio Sells Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Reduce -78.0% | 0.40% | −1.33 |
| UNH Unitedhealth Group Inc. | Reduce -26.3% | 0.35% | −0.45 |
| AAPL Apple Inc. | Reduce -8.7% | 2.37% | −0.45 |
| PM Philip Morris International | Reduce -88.5% | 0.07% | −0.43 |
| WAL Western Alliance Bancorp | Reduce -98.0% | 0.01% | −0.38 |
| VZ Verizon Communications Inc. | Reduce -88.0% | 0.05% | −0.37 |
| CRM Salesforce Inc. | Reduce -76.5% | 0.11% | −0.34 |
| EBAY eBay Inc. | Reduce -96.2% | 0.01% | −0.26 |
| KNSL Kinsale Capital Group Inc. | Reduce -44.2% | 0.31% | −0.25 |
| QCOM Qualcomm Inc. | Reduce -41.3% | 0.35% | −0.23 |
| DECK Deckers Outdoor Corp. | Reduce -92.2% | 0.02% | −0.21 |
| HSY The Hershey Co. | Reduce -97.5% | 0.01% | −0.20 |
| QUAL iShares MSCI USA Quality Fac | Reduce -79.6% | 0.05% | −0.19 |
| NKE Nike Inc. Class B | Reduce -95.8% | 0.01% | −0.19 |
| REGN Regeneron Pharmaceuticals | Reduce -93.1% | 0.01% | −0.19 |
| IVW iShares S&P 500 Growth ETF | Reduce -64.5% | 0.12% | −0.18 |
| EFV iShares MSCI Eafe Value ETF | Reduce -98.4% | 0.00% | −0.18 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.18 |
| VOO Vanguard S&P 500 ETF | Reduce -46.3% | 0.21% | −0.17 |
| IWF iShares Russell 1000 Growth | Reduce -60.4% | 0.13% | −0.17 |
| DVN Devon Energy Corp. | Reduce -22.2% | 0.32% | −0.16 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -96.5% | 0.01% | −0.16 |
| CIEN Ciena Corp. | Reduce -70.6% | 0.10% | −0.15 |
| SJM The JM Smucker Co. | Reduce -99.2% | 0.00% | −0.15 |
| AL Sumisho Air Lease Corp. | Reduce -92.3% | 0.02% | −0.15 |
| RHI Robert Half Inc. | Reduce -94.0% | 0.01% | −0.15 |
| EXLS Exlservice Holdings Inc. | Reduce -77.1% | 0.04% | −0.15 |
| HUM Humana Inc. | Reduce -93.2% | 0.01% | −0.14 |
| FNB FNB Corp. | Reduce -96.0% | 0.01% | −0.13 |
| VOTE TCW Transform 500 ETF | Sold out | 0.00% | −0.13 |
| EQIX Equinix Inc. | Reduce -75.1% | 0.04% | −0.12 |
| AGG iShares Core U.S. Aggregate | Reduce -61.0% | 0.08% | −0.12 |
| BC Brunswick Corp. | Reduce -98.5% | 0.00% | −0.12 |
| EXE Expand Energy Corp. | Reduce -26.5% | 0.41% | −0.12 |
| LNT Alliant Energy Corp. | Reduce -35.3% | 0.18% | −0.12 |
| SKX Skechers USA Inc. Class A | Reduce -96.8% | 0.00% | −0.12 |
| CASY Casey's General Stores Inc. | Reduce -44.6% | 0.22% | −0.12 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -95.2% | 0.01% | −0.11 |
| ADC Agree Realty Corp. | Reduce -66.1% | 0.05% | −0.11 |
| MBB iShares MBS ETF | Reduce -79.0% | 0.03% | −0.11 |
| SCHM Schwab US Mid Cap ETF | Reduce -95.8% | 0.00% | −0.10 |
| TROX Tronox Holdings PLC | Reduce -95.3% | 0.00% | −0.10 |
| NI Nisource Inc. | Reduce -31.8% | 0.22% | −0.10 |
| FIXD First Trust Smith Opportunis | Reduce -97.3% | 0.00% | −0.10 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -67.4% | 0.06% | −0.10 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -98.8% | 0.00% | −0.10 |
| CNP Centerpoint Energy Inc. | Reduce -33.5% | 0.20% | −0.10 |
| TKR Timken Co. | Reduce -24.0% | 0.30% | −0.09 |
| JHMM John Hancock Multi Fact Mid | Reduce -95.1% | 0.00% | −0.09 |
| COHU Cohu Inc. | Reduce -98.7% | 0.00% | −0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +14.4% | 4.14% | +1.40 |
| NVDA Nvidia Corp. | Add +4.6% | 3.81% | +1.28 |
| META Meta Platforms Inc. Class A | Add +4.4% | 2.72% | +0.68 |
| AVGO Broadcom Inc. | Add +9.5% | 1.40% | +0.62 |
| AMZN Amazon.com Inc. | Add +5.8% | 2.81% | +0.50 |
| NFLX Netflix Inc. | Add +407.0% | 0.56% | +0.49 |
| TSME Thrivent SML-MDC Eq ETF-US I | Add +42124.9% | 0.41% | +0.41 |
| GOOG Alphabet Inc. Class C | Add +7.3% | 1.88% | +0.33 |
| MTB M & T Bank Corp. | Add +621.1% | 0.30% | +0.26 |
| PLTR Palantir Technologies Inc. Class A | Add +59.3% | 0.42% | +0.26 |
| JPM JPMorgan Chase & Co. | Add +10.7% | 1.06% | +0.25 |
| HOOD Robinhood Markets Inc. Class A | Add +462.6% | 0.25% | +0.23 |
| COF Capital One Financial Corp. | Add +65.3% | 0.45% | +0.22 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.1% | 0.82% | +0.21 |
| NOW ServiceNow Inc. | Add +8.8% | 0.69% | +0.20 |
| CHD Church & Dwight Co. Inc. | Add +3269.4% | 0.19% | +0.19 |
| TSLA Tesla Inc. | Add +1.8% | 0.93% | +0.17 |
| FBCG Fidelity Blue Chip Grow ETF | New | 0.17% | +0.17 |
| ISRG Intuitive Surgical Inc. | Add +30.5% | 0.54% | +0.16 |
| MU Micron Technology Inc. | Add +1193.4% | 0.17% | +0.16 |
| WYNN WYNN Resorts Ltd. | Add +6391.3% | 0.16% | +0.16 |
| AMCR Amcor PLC | Add +2749.3% | 0.16% | +0.15 |
| ILMN Illumina Inc. | Add +1558.0% | 0.16% | +0.15 |
| CEG Constellation Energy | Add +18.5% | 0.30% | +0.14 |
| SPOT Spotify Technology SA | Add +18.3% | 0.36% | +0.14 |
| XLF SS Financial Select Sector | Add +1294.4% | 0.15% | +0.14 |
| AXP American Express Co. | Add +26.9% | 0.39% | +0.13 |
| CAT Caterpillar Inc. | Add +12.6% | 0.54% | +0.13 |
| MNDY Monday.com Ltd. | Add +9247.1% | 0.13% | +0.12 |
| GRNY Fundstr Gran SH US LRG Cap | New | 0.12% | +0.12 |
| DASH DoorDash Inc. Class A | Add +1.3% | 0.46% | +0.12 |
| SCHW Schwab (charles) Corp. | Add +14.5% | 0.49% | +0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +91.5% | 0.25% | +0.12 |
| PH Parker Hannifin Corp. | Add +22.5% | 0.41% | +0.12 |
| ORCL Oracle Corp. | Add +263.6% | 0.14% | +0.12 |
| SNX TD Synnex Corp. | Add +28.8% | 0.28% | +0.11 |
| QQQ Invesco QQQ Trust Series 1 | Add +76.3% | 0.21% | +0.11 |
| COR Cencora Inc. | Add +141.6% | 0.17% | +0.11 |
| ONB Old National Bancorp | Add +439.7% | 0.12% | +0.10 |
| SCHG Schwab US Large-Cap Growth | Add +296.4% | 0.13% | +0.10 |
| CCK Crown Holdings Inc. | Add +1552.7% | 0.10% | +0.10 |
| MRK Merck & Co. Inc. | Add +51.4% | 0.39% | +0.10 |
| DAL Delta Air Lines Inc. | Add +39.8% | 0.27% | +0.10 |
| RACE Ferrari NV | Add +3386.5% | 0.10% | +0.09 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +121.0% | 0.15% | +0.09 |
| WELD Tema U.S. Manufacturing & Re | Add +315.6% | 0.12% | +0.09 |
| LH Labcorp Holdings Inc. | Add +25.6% | 0.30% | +0.09 |
| V Visa Inc. Class A | Add +6.7% | 1.16% | +0.09 |
| BBW Build-A-Bear Workshop Inc. | Add +5113.6% | 0.09% | +0.09 |
| GE General Electric | Add +182.9% | 0.12% | +0.09 |
Notes & Other Activity Q1 2025 → Q2 2025
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -19.4% | 18,585,000 | $33.4M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 30,907,000 | $30.5M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +5.5% | 30,045,000 | $29.9M |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Sold out | 9,267,000 | $29.5Mbefore exit |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +0.3% | 30,650,000 | $29.0M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -8.5% | 23,834,000 | $27.4M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +22.8% | 29,020,000 | $26.0M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | New | 6,591,000 | $23.9M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Add +101.9% | 19,970,000 | $21.0M |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | Add +19.3% | 7,937,000 | $20.9M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Add +37.1% | 15,047,000 | $19.8M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Add +0.7% | 11,967,000 | $18.6M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +1.0% | 19,975,000 | $18.5M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -9.5% | 11,856,000 | $18.4M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -7.3% | 18,044,000 | $17.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -26.6% | 11,655,000 | $16.6M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | New | 13,025,000 | $16.4M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Reduce -18.0% | 12,529,000 | $16.4M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | New | 14,363,000 | $15.4M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -5.8% | 14,185,000 | $15.1M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Add +19.3% | 16,689,000 | $15.0M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Reduce -16.5% | 12,677,000 | $14.6M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Reduce -7.5% | 15,918,000 | $14.3M |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | New | 16,225,000 | $13.8M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Reduce -16.0% | 13,011,000 | $13.5M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | New | 9,254,000 | $13.0M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +0.9% | 10,943,000 | $13.0M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Reduce -6.6% | 12,735,000 | $12.9M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +22.9% | 13,340,000 | $12.4M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | Add +125.9% | 13,769,000 | $12.0M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Add +30.5% | 8,066,000 | $11.6M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -8.1% | 3,975,000 | $11.6M |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | New | 12,729,000 | $11.6M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Sold out | 4,898,000 | $11.4Mbefore exit |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 11,590,000 | $11.4M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Reduce -8.5% | 11,985,000 | $11.3M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Add +3.5% | 11,665,000 | $11.3M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Add +13.8% | 9,759,000 | $11.1M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -9.9% | 9,079,000 | $10.6M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Reduce -22.0% | 10,660,000 | $10.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 10,357,000 | $10.3Mbefore exit |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | New | 9,180,000 | $10.1M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -6.8% | 8,928,000 | $9.8M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | Add +0.4% | 9,805,000 | $9.7M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Reduce -1.0% | 8,789,000 | $9.6M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Reduce -29.1% | 11,913,000 | $9.4M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Add +19.8% | 6,235,000 | $9.2M |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | Add +13.7% | 3,770,000 | $9.1M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +0.7% | 8,945,000 | $9.0M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -4.0% | 7,476,000 | $9.0M |
Showing the first 50 of 94.
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 |