Thrivent Financial for Lutherans
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Thrivent Financial for Lutherans reported 2,267 stock positions worth $49.6 billion. Its top holding was Nvidia (NVDA) at 4.1% of the portfolio, followed by Microsoft (MSFT, 3.9%) and Apple (AAPL, 2.9%). Compared with Q2 2025, it opened 233 new positions, sold out of 292, added to 759 and reduced 1,235. The biggest buy was Alphabet Class A (GOOGL, shares +259%) and the biggest sale Thrivent SML-MDC Eq ETF-US I (TSME, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0000314984
- Portfolio Value
- $49.6B (Q3 2025)
- SEC Filing
- 0001193125-25-263690 ↗ filed Nov 4, 2025
Holdings Value
Holdings 2,267 stocks · $49.6B
| NVDA Nvidia Corp. | 4.14% | 11,013,221 | $2.1B | Add +2.7% |
| MSFT Microsoft Corp. | 3.92% | 3,755,922 | $1.9B | Add +1.4% |
| AAPL Apple Inc. | 2.89% | 5,632,055 | $1.4B | Add +9.5% |
| AMZN Amazon.com Inc. | 2.56% | 5,778,782 | $1.3B | Add +1.5% |
| META Meta Platforms Inc. Class A | 2.47% | 1,666,875 | $1.2B | Add +1.7% |
| GOOG Alphabet Inc. Class C | 1.64% | 3,335,678 | $812.4M | Reduce -29.3% |
| AVGO Broadcom Inc. | 1.44% | 2,161,956 | $713.3M | Reduce -4.3% |
| IVV iShares Core S&P 500 ETF | 1.25% | 928,398 | $621.4M | Add +225.2% |
| GOOGL Alphabet Inc. Class A | 1.23% | 2,500,828 | $608.0M | Add +259.0% |
| TSLA Tesla Inc. | 1.19% | 1,324,171 | $588.9M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 1.10% | 1,731,910 | $546.3M | Add +5.8% |
| V Visa Inc. Class A | 1.06% | 1,543,383 | $526.9M | Add +6.2% |
| NFLX Netflix Inc. | 0.78% | 321,054 | $384.9M | Add +71.3% |
| HD Home Depot Inc. | 0.73% | 893,995 | $362.2M | Add +26.0% |
| LLY Eli Lilly & Co. | 0.70% | 455,714 | $347.7M | Add +1.3% |
| WFC Wells Fargo & Co. | 0.69% | 4,057,023 | $340.1M | Add +7.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.67% | 1,192,927 | $333.2M | Add +3164.9% |
| JNJ Johnson & Johnson | 0.66% | 1,773,874 | $328.9M | Add +17.5% |
| SPOT Spotify Technology SA | 0.61% | 434,389 | $303.2M | Add +110.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.60% | 5,733,400 | $295.8M | Add +9.1% |
| NOW ServiceNow Inc. | 0.59% | 316,319 | $291.1M | Add +6.6% |
| FAST Fastenal Co. | 0.58% | 5,860,441 | $287.4M | Reduce -4.6% |
| XOM Exxon Mobil Corp. | 0.58% | 2,536,634 | $286.0M | Add +7.6% |
| CAT Caterpillar Inc. | 0.57% | 590,526 | $281.8M | Reduce -5.0% |
| WMT Walmart Inc. | 0.56% | 2,679,722 | $276.2M | Add +12.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 413,151 | $275.2M | Reduce -30.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.50% | 870,517 | $245.6M | Reduce -7.0% |
| USHY iShares Broad Usd High Yield | 0.48% | 6,357,507 | $240.2M | Add +13.2% |
| CSCO Cisco Systems Inc. | 0.48% | 3,490,482 | $238.8M | Add +40.0% |
| SCHW Schwab (charles) Corp. | 0.48% | 2,476,321 | $236.4M | Add +4.1% |
| ORCL Oracle Corp. | 0.46% | 813,341 | $228.7M | Add +180.0% |
| HOOD Robinhood Markets Inc. Class A | 0.45% | 1,569,434 | $224.7M | Add +31.6% |
| PLTR Palantir Technologies Inc. Class A | 0.45% | 1,223,706 | $223.2M | Reduce -11.0% |
| COF Capital One Financial Corp. | 0.44% | 1,021,964 | $217.2M | Add +8.0% |
| DASH DoorDash Inc. Class A | 0.41% | 750,020 | $204.0M | Reduce -10.3% |
| PH Parker Hannifin Corp. | 0.41% | 264,968 | $200.9M | Add +1.1% |
| MRK Merck & Co. Inc. | 0.40% | 2,379,666 | $199.7M | Add +7.1% |
| COP Conocophillips | 0.40% | 2,079,989 | $196.7M | Reduce -1.9% |
| ETR Entergy Corp. | 0.39% | 2,095,921 | $195.3M | Add +9.2% |
| TRMB Trimble Inc. | 0.37% | 2,263,736 | $184.8M | Reduce -17.8% |
| QCOM Qualcomm Inc. | 0.37% | 1,098,583 | $182.8M | Add +11.3% |
| STLD Steel Dynamics Inc. | 0.36% | 1,290,988 | $180.0M | Reduce -8.0% |
| AXP American Express Co. | 0.35% | 524,359 | $174.2M | Reduce -3.7% |
| IVW iShares S&P 500 Growth ETF | 0.35% | 1,441,392 | $174.0M | Add +196.9% |
| ISRG Intuitive Surgical Inc. | 0.34% | 380,739 | $170.3M | Reduce -13.9% |
| ORI Old Republic Intl Corp. | 0.34% | 3,926,606 | $166.8M | Add +2840.8% |
| DVN Devon Energy Corp. | 0.33% | 4,712,190 | $165.2M | Add +5.5% |
| UBER Uber Technologies Inc. | 0.33% | 1,661,253 | $162.8M | Reduce -22.0% |
| SNX TD Synnex Corp. | 0.33% | 992,779 | $162.6M | Add +7.7% |
| EXE Expand Energy Corp. | 0.33% | 1,527,236 | $162.3M | Reduce -1.2% |
| DUK Duke Energy Corp. | 0.33% | 1,309,305 | $162.0M | Add +8.3% |
| LH Labcorp Holdings Inc. | 0.33% | 563,006 | $161.6M | Add +8.8% |
| UNH Unitedhealth Group Inc. | 0.32% | 463,792 | $160.1M | Reduce -7.0% |
| GRMN Garmin Ltd. | 0.32% | 642,603 | $158.2M | Reduce -3.9% |
| DHR Danaher Corp. | 0.32% | 795,431 | $157.7M | Reduce -1.2% |
| ROK Rockwell Automation Inc. | 0.32% | 447,635 | $156.5M | Reduce -2.2% |
| AMGN Amgen Inc. | 0.31% | 552,612 | $155.9M | Add +4.2% |
| VOO Vanguard S&P 500 ETF | 0.31% | 253,831 | $155.4M | Add +50.7% |
| EHC Encompass Health Corp. | 0.31% | 1,194,859 | $151.5M | Add +57.8% |
| ALLY Ally Financial Inc. | 0.30% | 3,846,825 | $150.8M | Reduce -0.3% |
| MU Micron Technology Inc. | 0.30% | 900,232 | $150.6M | Add +47.3% |
| DAL Delta Air Lines Inc. | 0.30% | 2,642,758 | $150.0M | Add +9.8% |
| ACGL Arch Capital Group Ltd. | 0.30% | 1,639,158 | $148.7M | Add +1.0% |
| HLI Houlihan Lokey Inc. | 0.30% | 713,494 | $146.5M | Add +75.6% |
| AMP Ameriprise Financial Inc. | 0.29% | 296,820 | $145.8M | Reduce -16.8% |
| SYY Sysco Corp. | 0.29% | 1,769,191 | $145.7M | Reduce -1.6% |
| URI United Rentals Inc. | 0.29% | 149,542 | $142.8M | Reduce -14.5% |
| CCI Crown Castle Inc. | 0.29% | 1,467,179 | $141.6M | Add +32.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 280,657 | $141.1M | Add +4.6% |
| NUE Nucor Corp. | 0.28% | 1,030,273 | $139.5M | Add +8.9% |
| FBND Fidelity Total Bond ETF | 0.28% | 2,989,730 | $138.2M | Add +37.6% |
| STE Steris PLC | 0.28% | 553,834 | $137.0M | Add +246.4% |
| UL Unilever PLC | 0.27% | 2,268,300 | $134.5M | Add +13906.2% |
| WH Wyndham Hotels & Resorts Inc. | 0.27% | 1,657,402 | $132.4M | Add +9.3% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.27% | 1,472,655 | $132.1M | Add +11.1% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.27% | 667,445 | $131.9M | Reduce -2.9% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.26% | 2,211,558 | $130.9M | Add +82.0% |
| HWM Howmet Aerospace Inc. | 0.26% | 666,598 | $130.8M | Reduce -19.8% |
| EPD Enterprise Products Partners | 0.26% | 4,182,229 | $130.8M | Add +8.6% |
| EXPE Expedia Group Inc. | 0.26% | 611,318 | $130.7M | Reduce -7.7% |
| LHX L3HARRIS Technologies Inc. | 0.26% | 423,937 | $129.5M | Add +8.0% |
| APP AppLovin Corp. Class A | 0.26% | 180,016 | $129.3M | Add +1800.3% |
| JNK SS SPDR BB High Yield Bond | 0.25% | 1,278,283 | $124.6M | Reduce -2.2% |
| HON Honeywell International Inc. | 0.25% | 591,573 | $124.5M | Add +8.3% |
| CEG Constellation Energy | 0.25% | 376,240 | $123.8M | Reduce -10.3% |
| GD General Dynamics Corp. | 0.25% | 362,201 | $123.5M | Add +12.4% |
| BWXT BWX Technologies Inc. | 0.25% | 669,636 | $123.5M | Add +7.3% |
| QRVO Qorvo Inc. | 0.25% | 1,343,443 | $122.4M | Reduce -4.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.25% | 1,121,921 | $122.2M | Add +7.5% |
| ICE Intercontinental Exchange Inc. | 0.24% | 718,329 | $121.0M | Add +0.4% |
| LOW Lowe's Cos Inc. | 0.24% | 478,707 | $120.3M | Add +8.7% |
| CSX CSX Corp. | 0.24% | 3,325,661 | $118.1M | Add +0.5% |
| NTRS Northern Trust Corp. | 0.23% | 860,055 | $115.8M | Reduce -23.5% |
| ZION Zions Bancorp NA | 0.23% | 2,041,063 | $115.5M | Add +6.4% |
| WBD Warner Bros Discovery Inc. | 0.23% | 5,864,153 | $114.5M | Reduce -15.8% |
| WYNN WYNN Resorts Ltd. | 0.23% | 891,661 | $114.4M | Add +19.1% |
| SAP Sap SE-Sponsored ADR | 0.23% | 421,173 | $112.5M | Add +9269.8% |
| LDOS Leidos Holdings Inc. | 0.23% | 592,535 | $112.0M | Reduce -3.4% |
| PEGA Pegasystems Inc. | 0.22% | 1,927,576 | $110.8M | Add +1.4% |
| FR First Industrial Realty TR | 0.22% | 2,134,890 | $109.9M | Add +3.0% |
Other holdings (96): bonds, preferreds, convertibles and warrants · $1.0B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 11,840,000 | $38.1M | Reduce -36.3% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 29,407,000 | $32.3M | Reduce -4.8% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 35,668,000 | $32.0M | Add +22.9% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 30,130,000 | $30.9M | Add +0.3% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 25,424,000 | $28.6M | Add +6.7% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 7,551,000 | $23.7M | Add +14.6% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 23,055,000 | $23.5M | Add +15.4% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 9,207,000 | $23.1M | Add +16.0% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 14,532,000 | $21.8M | Add +11.7% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 13,429,000 | $19.5M | Add +12.2% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 20,875,000 | $19.3M | Add +4.5% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 19,240,000 | $19.1M | Reduce -37.2% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 15,912,000 | $18.9M | Add +5.8% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 11,256,000 | $18.2M | Reduce -5.1% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 20,002,000 | $18.2M | Add +19.9% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 17,884,000 | $18.1M | Reduce -0.9% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 12,035,000 | $17.7M | Add +3.3% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 8,861,000 | $17.5M | Add +9.9% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 3,841,000 | $17.2M | Reduce -3.4% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 16,650,000 | $17.1M | Add +27.8% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 19,925,000 | $17.1M | Add +22.8% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 16,969,000 | $16.6M | Add +18.4% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 17,109,000 | $15.4M | Add +24.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 14,053,000 | $15.4M | Reduce -0.9% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 16,080,000 | $15.3M | Add +10.3% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 14,948,000 | $14.7M | Add +4.1% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 11,629,000 | $14.6M | Reduce -7.2% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 15,090,000 | $14.5M | Add +13.1% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 15,508,000 | $14.2M | Reduce -2.6% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 12,440,000 | $13.8M | Reduce -1.9% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 13,929,000 | $13.1M | Add +9.4% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 11,342,000 | $12.9M | Add +3.6% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 11,604,000 | $12.9M | Add +18.9% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 12,660,000 | $12.5M | Add +18.8% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 12,665,000 | $12.5M | Add +8.6% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 12,100,000 | $11.8M | Add +14.2% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 11,985,000 | $11.7M | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 13,359,000 | $11.6M | Add +12.1% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 9,044,000 | $11.5M | Reduce -0.4% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 7,022,000 | $11.4M | Add +12.6% |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 8,165,000 | $11.0M | Add +22.8% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 10,872,000 | $11.0M | Add +10.9% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 10,148,000 | $10.9M | Add +27.7% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 9,936,000 | $10.8M | Add +24.5% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 9,060,000 | $10.2M | Reduce -1.3% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 8,528,000 | $9.5M | Reduce -4.5% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 9,330,000 | $9.4M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 9,887,000 | $9.3M | Add +6.4% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 9,425,000 | $9.2M | Reduce -18.7% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 6,934,000 | $9.0M | Reduce -7.3% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 7,889,000 | $9.0M | Reduce -10.2% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 7,105,000 | $8.8M | Reduce -0.6% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 8,710,000 | $8.8M | Reduce -2.6% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 7,207,000 | $8.7M | Reduce -1.0% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 7,335,000 | $8.7M | Add +30.5% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 8,215,000 | $8.5M | Add +12.7% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 8,023,000 | $7.9M | Add +59.7% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 6,908,000 | $7.9M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,055,000 | $7.8M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 8,169,000 | $7.8M | Reduce -1.1% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 6,403,000 | $7.8M | Reduce -7.7% |
| VERINT SYSTEMS INC (VRNT 0.25 04/15/26) | NOTE 0.250% 4/1 · principal | 7,847,000 | $7.7M | Add +1.1% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 5,685,000 | $7.4M | Reduce -1.5% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 7,720,000 | $7.0M | No change |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 6,302,000 | $6.6M | Add +8.6% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 6,600,000 | $6.4M | Add +34.7% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 5,582,000 | $5.5M | Add +58.0% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 5,040,000 | $5.4M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 6,100,000 | $5.2M | No change |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 4,705,000 | $5.1M | Reduce -1.1% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 5,500,000 | $4.9M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 4,335,000 | $4.6M | Reduce -66.0% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 4,660,000 | $4.4M | Add +12.0% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 3,000,000 | $3.9M | Add +8.9% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 4,030,000 | $3.9M | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 2,861,000 | $2.8M | Add +32.3% |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 2,700,000 | $2.6M | Add +58.8% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 2,635,000 | $2.5M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,540,000 | $2.0M | Add +54.0% |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 2,000,000 | $1.9M | New |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 1,500,000 | $1.6M | Reduce -7.4% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 1,000,000 | $1.2M | New |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 1,065,000 | $1.1M | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 659,755 | $459K | Add +1.2% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 350,000 | $335K | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D · principal | 391,230 | $205K | Reduce -5.2% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV · principal | 241,725 | $164K | Reduce -5.7% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV · principal | 213,480 | $151K | Reduce -6.9% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 · principal | 274,705 | $137K | Add +44.0% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG · principal | 231,779 | $137K | Reduce -1.1% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | 342,799 | $130K | Reduce -4.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 239,600 | $119K | Reduce -1.0% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 · principal | 209,723 | $99K | Add +92.2% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | 27,148 | $34K | Reduce -1.0% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | 23,847 | $31K | Reduce -0.4% |
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | 66,493 | $4K | No change |
Total filed on the 13F, all lines: $50.6B.
Portfolio Sells Q2 2025 → Q3 2025
| TSME Thrivent SML-MDC Eq ETF-US I | Reduce -99.5% | 0.00% | −0.41 |
| FTNT Fortinet Inc. | Reduce -89.6% | 0.03% | −0.32 |
| AMAT Applied Materials Inc. | Reduce -89.5% | 0.04% | −0.31 |
| KNSL Kinsale Capital Group Inc. | Reduce -93.3% | 0.02% | −0.29 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -30.5% | 0.56% | −0.27 |
| SKY Champion Homes Inc. | Reduce -90.5% | 0.03% | −0.26 |
| CB Chubb Ltd. | Reduce -96.4% | 0.01% | −0.24 |
| GOOG Alphabet Inc. Class C | Reduce -29.3% | 1.64% | −0.24 |
| ZTS Zoetis Inc. | Reduce -95.2% | 0.01% | −0.24 |
| BBY Best Buy Co. Inc. | Reduce -99.5% | 0.00% | −0.23 |
| CNC Centene Corp. | Reduce -98.1% | 0.00% | −0.22 |
| WAT Waters Corp. | Reduce -99.1% | 0.00% | −0.22 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -85.8% | 0.03% | −0.21 |
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −0.21 |
| PEG Public Service Enterprise GP | Reduce -97.8% | 0.00% | −0.21 |
| GTES Gates Industrial Corp. UK Ltd. | Sold out | 0.00% | −0.20 |
| RDN Radian Group Inc. | Reduce -94.2% | 0.01% | −0.20 |
| ISRG Intuitive Surgical Inc. | Reduce -13.9% | 0.34% | −0.20 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.20 |
| FROG Jfrog Ltd. | Sold out | 0.00% | −0.18 |
| DOCU Docusign Inc. | Reduce -34.9% | 0.20% | −0.17 |
| TW Tradeweb Markets Inc. Class A | Reduce -26.3% | 0.16% | −0.16 |
| CTVA Corteva Inc. | Reduce -91.7% | 0.01% | −0.16 |
| SBAC SBA Communications Corp. | Reduce -31.9% | 0.16% | −0.16 |
| ON On Semiconductor | Reduce -97.7% | 0.00% | −0.16 |
| PGNY Progyny Inc. | Reduce -55.9% | 0.09% | −0.15 |
| FBCG Fidelity Blue Chip Grow ETF | Reduce -81.9% | 0.03% | −0.14 |
| ALGN Align Technology Inc. | Reduce -99.0% | 0.00% | −0.14 |
| AMP Ameriprise Financial Inc. | Reduce -16.8% | 0.29% | −0.13 |
| XMHQ Invesco S&P Midcap Qual ETF | Sold out | 0.00% | −0.13 |
| VEA Vanguard Ftse Developed ETF | Reduce -57.2% | 0.09% | −0.13 |
| SCHG Schwab US Large-Cap Growth | Reduce -98.1% | 0.00% | −0.13 |
| DAY Dayforce Inc. | Reduce -98.8% | 0.00% | −0.13 |
| IBM Intl Business Machines Corp. | Reduce -7.0% | 0.50% | −0.12 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -82.4% | 0.03% | −0.12 |
| PB Prosperity Bancshares Inc. | Reduce -96.2% | 0.00% | −0.12 |
| UBER Uber Technologies Inc. | Reduce -22.0% | 0.33% | −0.12 |
| XLF SS Financial Select Sector | Reduce -76.4% | 0.03% | −0.12 |
| APTV Aptiv PLC | Sold out | 0.00% | −0.12 |
| TKR Timken Co. | Reduce -29.8% | 0.20% | −0.11 |
| CCOI Cogent Communications Holdin | Reduce -96.5% | 0.00% | −0.10 |
| CROX Crocs Inc. | Reduce -45.6% | 0.07% | −0.10 |
| PWR Quanta Services Inc. | Reduce -32.3% | 0.20% | −0.10 |
| LSTR Landstar System Inc. | Reduce -96.4% | 0.00% | −0.10 |
| NGVT Ingevity Corp. | Reduce -92.5% | 0.01% | −0.10 |
| TT Trane Technologies PLC | Reduce -70.0% | 0.04% | −0.10 |
| TRMB Trimble Inc. | Reduce -17.8% | 0.37% | −0.10 |
| CHE Chemed Corp. | Reduce -96.3% | 0.00% | −0.10 |
| TUSB Thrivent Ultra Short BND ETF | Reduce -98.7% | 0.00% | −0.10 |
| MBC Masterbrand Inc. | Reduce -79.6% | 0.03% | −0.09 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +259.0% | 1.23% | +0.95 |
| IVV iShares Core S&P 500 ETF | Add +225.2% | 1.25% | +0.85 |
| TSM Taiwan Semiconductor-SP ADR | Add +3164.9% | 0.67% | +0.65 |
| AAPL Apple Inc. | Add +9.5% | 2.89% | +0.52 |
| NVDA Nvidia Corp. | Add +2.7% | 4.14% | +0.34 |
| ORI Old Republic Intl Corp. | Add +2840.8% | 0.34% | +0.32 |
| ORCL Oracle Corp. | Add +180.0% | 0.46% | +0.32 |
| UL Unilever PLC | Add +13906.2% | 0.27% | +0.27 |
| TSLA Tesla Inc. | Add +2.1% | 1.19% | +0.26 |
| SPOT Spotify Technology SA | Add +110.5% | 0.61% | +0.26 |
| APP AppLovin Corp. Class A | Add +1800.3% | 0.26% | +0.25 |
| IVW iShares S&P 500 Growth ETF | Add +196.9% | 0.35% | +0.23 |
| SAP Sap SE-Sponsored ADR | Add +9269.8% | 0.23% | +0.22 |
| NFLX Netflix Inc. | Add +71.3% | 0.78% | +0.21 |
| SNY Sanofi-ADR | Add +10152.1% | 0.21% | +0.21 |
| HOOD Robinhood Markets Inc. Class A | Add +31.6% | 0.45% | +0.20 |
| SONY Sony Group Corp. - SP ADR | Add +7377.3% | 0.20% | +0.19 |
| STE Steris PLC | Add +246.4% | 0.28% | +0.19 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +3347.5% | 0.18% | +0.17 |
| EFV iShares MSCI Eafe Value ETF | Add +5094.0% | 0.17% | +0.17 |
| ULTA Ulta Beauty Inc. | Add +1597.2% | 0.17% | +0.16 |
| MTD Mettler-Toledo International | Add +752.2% | 0.18% | +0.16 |
| WMG Warner Music Group Corp. Class A | Add +6227.3% | 0.15% | +0.15 |
| HD Home Depot Inc. | Add +26.0% | 0.73% | +0.15 |
| JNJ Johnson & Johnson | Add +17.5% | 0.66% | +0.15 |
| EVRG Evergy Inc. | Add +850.2% | 0.16% | +0.14 |
| SOXX iShares Semiconductor ETF | Add +3068.9% | 0.15% | +0.14 |
| MU Micron Technology Inc. | Add +47.3% | 0.30% | +0.13 |
| HLI Houlihan Lokey Inc. | Add +75.6% | 0.30% | +0.13 |
| QUAL iShares MSCI USA Quality Fac | Add +274.8% | 0.18% | +0.13 |
| AME Ametek Inc. | Add +199.5% | 0.20% | +0.13 |
| VOTE TCW Transform 500 ETF | New | 0.13% | +0.13 |
| TFX Teleflex Inc. | Add +1161.0% | 0.14% | +0.12 |
| WFG West Fraser Timber Co. Ltd. | New | 0.12% | +0.12 |
| NOK Nokia Corp.-Spon ADR | New | 0.12% | +0.12 |
| IEMG iShares Core MSCI Emerging | Add +1092.0% | 0.13% | +0.12 |
| OEF iShares S&P 100 ETF | Add +614.7% | 0.14% | +0.12 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +82.0% | 0.26% | +0.12 |
| SCHM Schwab US Mid Cap ETF | Add +2708.3% | 0.12% | +0.11 |
| WTFC Wintrust Financial Corp. | Add +417.9% | 0.14% | +0.11 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +8784.5% | 0.11% | +0.10 |
| SHEL Shell PLC-ADR | Add +2144.2% | 0.11% | +0.10 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.10% | +0.10 |
| IWD iShares Russell 1000 Value E | Add +615.9% | 0.12% | +0.10 |
| QQQM Invesco Nasdaq 100 ETF | Add +1679.1% | 0.11% | +0.10 |
| CART Maplebear Inc. | Add +3054.0% | 0.10% | +0.10 |
| VOO Vanguard S&P 500 ETF | Add +50.7% | 0.31% | +0.10 |
| EHC Encompass Health Corp. | Add +57.8% | 0.31% | +0.10 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +5442.8% | 0.10% | +0.10 |
| FDV Fed Hermes US Strat Div ETF | New | 0.10% | +0.10 |
Notes & Other Activity Q2 2025 → Q3 2025
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -36.3% | 11,840,000 | $38.1M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Reduce -4.8% | 29,407,000 | $32.3M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Add +22.9% | 35,668,000 | $32.0M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +0.3% | 30,130,000 | $30.9M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Add +6.7% | 25,424,000 | $28.6M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Add +14.6% | 7,551,000 | $23.7M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Add +15.4% | 23,055,000 | $23.5M |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | Add +16.0% | 9,207,000 | $23.1M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Add +11.7% | 14,532,000 | $21.8M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Add +12.2% | 13,429,000 | $19.5M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Add +4.5% | 20,875,000 | $19.3M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -37.2% | 19,240,000 | $19.1M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Add +5.8% | 15,912,000 | $18.9M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -5.1% | 11,256,000 | $18.2M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Add +19.9% | 20,002,000 | $18.2M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -0.9% | 17,884,000 | $18.1M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +3.3% | 12,035,000 | $17.7M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Add +9.9% | 8,861,000 | $17.5M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -3.4% | 3,841,000 | $17.2M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +27.8% | 16,650,000 | $17.1M |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | Add +22.8% | 19,925,000 | $17.1M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +18.4% | 16,969,000 | $16.6M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | Add +24.3% | 17,109,000 | $15.4M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -0.9% | 14,053,000 | $15.4M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Add +10.3% | 16,080,000 | $15.3M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +4.1% | 14,948,000 | $14.7M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Reduce -7.2% | 11,629,000 | $14.6M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Add +13.1% | 15,090,000 | $14.5M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Reduce -2.6% | 15,508,000 | $14.2M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Reduce -1.9% | 12,440,000 | $13.8M |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | Add +9.4% | 13,929,000 | $13.1M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 9,254,000 | $13.0Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +3.6% | 11,342,000 | $12.9M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Add +18.9% | 11,604,000 | $12.9M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Add +18.8% | 12,660,000 | $12.5M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Add +8.6% | 12,665,000 | $12.5M |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | Add +14.2% | 12,100,000 | $11.8M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Add +12.1% | 13,359,000 | $11.6M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -0.4% | 9,044,000 | $11.5M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Add +12.6% | 7,022,000 | $11.4M |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | Add +22.8% | 8,165,000 | $11.0M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | Add +10.9% | 10,872,000 | $11.0M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Add +27.7% | 10,148,000 | $10.9M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Add +24.5% | 9,936,000 | $10.8M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Reduce -1.3% | 9,060,000 | $10.2M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -4.5% | 8,528,000 | $9.5M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +6.4% | 9,887,000 | $9.3M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Reduce -18.7% | 9,425,000 | $9.2M |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | Sold out | 3,770,000 | $9.1Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -7.3% | 6,934,000 | $9.0M |
Showing the first 50 of 90.
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 |