Thrivent Financial for Lutherans
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Thrivent Financial for Lutherans reported 2,471 stock positions worth $55.2 billion. Its top holding was Nvidia (NVDA) at 4.0% of the portfolio, followed by Microsoft (MSFT, 3.5%) and Apple (AAPL, 2.8%). Compared with Q3 2025, it opened 303 new positions, sold out of 101, added to 882 and reduced 1,214. The biggest buy was a new position in Thrivent Mid Cap Value ETF (TMVE) and the biggest sale Meta Platforms Class A (META, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0000314984
- Portfolio Value
- $55.2B (Q4 2025)
- SEC Filing
- 0001193125-26-038569 ↗ filed Feb 5, 2026
Holdings Value
Holdings 2,471 stocks · $55.2B
| NVDA Nvidia Corp. | 3.98% | 11,774,408 | $2.2B | Add +6.9% |
| MSFT Microsoft Corp. | 3.52% | 4,017,473 | $1.9B | Add +7.0% |
| AAPL Apple Inc. | 2.76% | 5,595,192 | $1.5B | Reduce -0.7% |
| AMZN Amazon.com Inc. | 2.47% | 5,899,067 | $1.4B | Add +2.1% |
| GOOG Alphabet Inc. Class C | 1.79% | 3,142,877 | $986.3M | Reduce -5.8% |
| META Meta Platforms Inc. Class A | 1.75% | 1,461,930 | $965.2M | Reduce -12.3% |
| GOOGL Alphabet Inc. Class A | 1.53% | 2,704,990 | $846.7M | Add +8.2% |
| AVGO Broadcom Inc. | 1.40% | 2,230,482 | $772.1M | Add +3.2% |
| IVV iShares Core S&P 500 ETF | 1.16% | 927,131 | $638.4M | Reduce -0.1% |
| TSLA Tesla Inc. | 1.13% | 1,382,518 | $622.0M | Add +4.4% |
| V Visa Inc. Class A | 1.06% | 1,665,453 | $584.2M | Add +7.9% |
| JPM JPMorgan Chase & Co. | 1.05% | 1,793,482 | $578.0M | Add +3.6% |
| LLY Eli Lilly & Co. | 0.91% | 465,010 | $499.8M | Add +2.0% |
| WFC Wells Fargo & Co. | 0.69% | 4,101,798 | $382.3M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.67% | 544,598 | $371.4M | Add +31.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.67% | 1,214,419 | $369.0M | Add +1.8% |
| NFLX Netflix Inc. | 0.62% | 3,645,548 | $341.8M | Add +13.6% |
| JNJ Johnson & Johnson | 0.59% | 1,568,944 | $324.7M | Reduce -11.6% |
| CAT Caterpillar Inc. | 0.58% | 557,202 | $319.3M | Reduce -5.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.57% | 5,766,419 | $317.2M | Add +0.6% |
| XOM Exxon Mobil Corp. | 0.56% | 2,579,119 | $310.5M | Add +1.7% |
| WMT Walmart Inc. | 0.56% | 2,779,559 | $309.7M | Add +3.7% |
| SPOT Spotify Technology SA | 0.51% | 489,126 | $284.0M | Add +12.6% |
| VOO Vanguard S&P 500 ETF | 0.51% | 445,220 | $280.4M | Add +75.4% |
| FAST Fastenal Co. | 0.50% | 6,820,172 | $273.7M | Add +16.4% |
| TMVE Thrivent Mid Cap Value ETF | 0.48% | 17,662,142 | $267.0M | New |
| SCHW Schwab (charles) Corp. | 0.47% | 2,614,587 | $261.3M | Add +5.6% |
| MRK Merck & Co. Inc. | 0.46% | 2,407,392 | $253.4M | Add +1.2% |
| MS Morgan Stanley | 0.45% | 1,406,495 | $249.7M | Add +2332.9% |
| COF Capital One Financial Corp. | 0.45% | 1,027,642 | $249.1M | Add +0.6% |
| ISRG Intuitive Surgical Inc. | 0.43% | 418,847 | $237.3M | Add +10.0% |
| USHY iShares Broad Usd High Yield | 0.43% | 6,336,093 | $236.9M | Reduce -0.3% |
| TSME Thrivent SML-MDC Eq ETF-US I | 0.42% | 5,586,076 | $232.7M | Add +22244.3% |
| NOW ServiceNow Inc. | 0.42% | 1,495,706 | $229.1M | Reduce -5.4% |
| CSCO Cisco Systems Inc. | 0.41% | 2,951,658 | $226.3M | Reduce -15.4% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.40% | 3,630,528 | $221.8M | Add +64.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.39% | 730,008 | $216.3M | Reduce -16.1% |
| PLTR Palantir Technologies Inc. Class A | 0.39% | 1,209,935 | $215.1M | Reduce -1.1% |
| PH Parker Hannifin Corp. | 0.39% | 244,547 | $215.0M | Reduce -7.7% |
| QCOM Qualcomm Inc. | 0.39% | 1,248,385 | $213.5M | Add +13.6% |
| DHR Danaher Corp. | 0.37% | 900,288 | $206.1M | Add +13.2% |
| COP Conocophillips | 0.36% | 2,115,151 | $198.0M | Add +1.7% |
| HOOD Robinhood Markets Inc. Class A | 0.36% | 1,733,077 | $196.0M | Add +10.4% |
| ETR Entergy Corp. | 0.35% | 2,109,003 | $194.9M | Add +0.6% |
| AXP American Express Co. | 0.35% | 520,495 | $192.2M | Reduce -0.7% |
| HD Home Depot Inc. | 0.34% | 537,964 | $185.1M | Reduce -39.8% |
| SHOP Shopify Inc. Class A | 0.34% | 1,148,259 | $184.9M | Add +7207.2% |
| ORCL Oracle Corp. | 0.33% | 944,129 | $184.1M | Add +16.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 365,412 | $183.7M | Add +30.2% |
| DAL Delta Air Lines Inc. | 0.33% | 2,641,993 | $183.4M | Reduce -0.0% |
| AMGN Amgen Inc. | 0.32% | 546,037 | $178.8M | Reduce -1.2% |
| CSX CSX Corp. | 0.32% | 4,908,534 | $177.9M | Add +47.6% |
| ALLY Ally Financial Inc. | 0.32% | 3,867,023 | $175.1M | Add +0.5% |
| APP AppLovin Corp. Class A | 0.31% | 256,117 | $172.7M | Add +42.3% |
| IVW iShares S&P 500 Growth ETF | 0.31% | 1,385,637 | $171.6M | Reduce -3.9% |
| DVN Devon Energy Corp. | 0.31% | 4,669,486 | $171.0M | Reduce -0.9% |
| UL Unilever PLC-Sponsored ADR | 0.31% | 2,608,297 | $170.6M | Add +29.4% |
| ORI Old Republic Intl Corp. | 0.31% | 3,949,102 | $170.4M | Add +0.6% |
| NUE Nucor Corp. | 0.31% | 1,036,663 | $169.1M | Add +0.6% |
| EXE Expand Energy Corp. | 0.30% | 1,524,096 | $168.2M | Reduce -0.2% |
| AMP Ameriprise Financial Inc. | 0.30% | 334,786 | $164.2M | Add +12.8% |
| STLD Steel Dynamics Inc. | 0.30% | 965,896 | $163.7M | Reduce -25.2% |
| AMD Advanced Micro Devices | 0.28% | 731,606 | $156.7M | Add +152.6% |
| DUK Duke Energy Corp. | 0.28% | 1,317,434 | $154.4M | Add +0.6% |
| MU Micron Technology Inc. | 0.28% | 540,578 | $154.3M | Reduce -40.0% |
| ACGL Arch Capital Group Ltd. | 0.28% | 1,599,400 | $153.4M | Reduce -2.4% |
| ONTO Onto Innovation Inc. | 0.27% | 960,911 | $151.7M | Add +88.5% |
| SNX TD Synnex Corp. | 0.27% | 1,000,942 | $150.4M | Add +0.8% |
| TRMB Trimble Inc. | 0.27% | 1,907,177 | $149.4M | Reduce -15.8% |
| TSCV Thrivent Small Cap Value ETF | 0.27% | 5,547,600 | $147.4M | New |
| GRNY Fundstr Gran SH US LRG Cap | 0.27% | 5,934,411 | $147.3M | Add +362.1% |
| FBND Fidelity Total Bond ETF | 0.27% | 3,196,841 | $147.3M | Add +6.9% |
| HON Honeywell International Inc. | 0.27% | 749,598 | $146.2M | Add +26.7% |
| STE Steris PLC | 0.26% | 573,489 | $145.4M | Add +3.5% |
| LH Labcorp Holdings Inc. | 0.26% | 577,027 | $144.8M | Add +2.5% |
| EPD Enterprise Products Partners | 0.26% | 4,510,036 | $144.6M | Add +7.8% |
| DASH DoorDash Inc. Class A | 0.26% | 636,278 | $144.1M | Reduce -15.2% |
| FLS Flowserve Corp. | 0.26% | 2,027,682 | $140.7M | Add +33.4% |
| LOW Lowe's Cos Inc. | 0.25% | 579,927 | $139.9M | Add +21.1% |
| ROK Rockwell Automation Inc. | 0.25% | 355,809 | $138.4M | Reduce -20.5% |
| CEG Constellation Energy | 0.25% | 384,716 | $135.9M | Add +2.3% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.24% | 1,710,110 | $132.3M | Add +16.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.24% | 1,134,068 | $131.7M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 0.24% | 393,862 | $130.0M | Reduce -15.1% |
| SYY Sysco Corp. | 0.24% | 1,776,370 | $129.9M | Add +0.4% |
| CCI Crown Castle Inc. | 0.23% | 1,432,614 | $127.3M | Reduce -2.4% |
| JNK SS SPDR BB High Yield Bond | 0.23% | 1,297,491 | $126.1M | Add +1.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.23% | 624,450 | $125.8M | Reduce -6.4% |
| LHX L3HARRIS Technologies Inc. | 0.23% | 427,227 | $125.4M | Add +0.8% |
| CI The Cigna Group | 0.23% | 453,677 | $124.9M | Add +55.5% |
| EHC Encompass Health Corp. | 0.23% | 1,176,582 | $124.7M | Reduce -1.5% |
| ICE Intercontinental Exchange Inc. | 0.22% | 765,802 | $124.0M | Add +6.6% |
| HLI Houlihan Lokey Inc. | 0.22% | 708,847 | $123.5M | Reduce -0.7% |
| UBER Uber Technologies Inc. | 0.22% | 1,503,824 | $122.9M | Reduce -9.5% |
| FR First Industrial Realty TR | 0.22% | 2,143,459 | $122.8M | Add +0.4% |
| GD General Dynamics Corp. | 0.22% | 362,423 | $122.0M | Add +0.1% |
| HWM Howmet Aerospace Inc. | 0.22% | 591,381 | $121.3M | Reduce -11.3% |
| GILD Gilead Sciences Inc. | 0.22% | 979,033 | $120.2M | Add +0.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 195,502 | $120.1M | Add +41.8% |
| KDP Keurig Dr Pepper Inc. | 0.21% | 4,161,158 | $115.6M | Add +90.2% |
Other holdings (90): bonds, preferreds, convertibles and warrants · $975.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 8,250,000 | $37.8M | Reduce -30.3% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 27,697,000 | $35.4M | Reduce -5.8% |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 12,210,000 | $33.0M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 31,875,000 | $32.9M | Add +5.8% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 33,948,000 | $31.0M | Reduce -4.8% |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 9,882,000 | $28.3M | Add +7.3% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 24,110,000 | $23.4M | Add +4.6% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 18,334,000 | $19.9M | Reduce -27.9% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 19,144,000 | $19.9M | Add +7.0% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 20,875,000 | $19.8M | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 7,746,000 | $19.5M | Add +2.6% |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 16,967,000 | $19.4M | Add +6.6% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 20,642,000 | $18.7M | Add +3.2% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 18,980,000 | $18.3M | Reduce -1.4% |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 10,410,000 | $17.6M | Reduce -28.4% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 19,870,000 | $17.3M | Reduce -0.3% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 13,340,000 | $17.3M | Add +10.8% |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 16,150,000 | $16.0M | Reduce -4.8% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 3,863,000 | $15.9M | Add +0.6% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 13,107,000 | $15.6M | Add +15.6% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 15,655,000 | $15.4M | Add +66.1% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 15,900,000 | $15.3M | Reduce -1.1% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 9,913,000 | $15.0M | Reduce -26.2% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 15,078,000 | $14.5M | Add +0.9% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 13,914,000 | $14.5M | Reduce -1.0% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 12,054,000 | $14.4M | Add +3.9% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 14,815,000 | $14.1M | Reduce -1.8% |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | 12,665,000 | $13.5M | New |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 9,016,000 | $13.2M | Reduce -19.9% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 14,611,000 | $13.2M | Reduce -5.8% |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | 12,505,000 | $13.2M | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 8,553,000 | $12.7M | Add +4.8% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 7,307,000 | $12.4M | Add +4.1% |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 12,100,000 | $12.0M | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 11,642,000 | $11.5M | Reduce -2.9% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 10,536,000 | $11.4M | Add +6.0% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 9,059,000 | $11.0M | Add +0.2% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 10,772,000 | $11.0M | Reduce -0.9% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 11,289,000 | $10.8M | Reduce -34.0% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 10,103,000 | $10.8M | Reduce -0.4% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 10,385,000 | $10.4M | Reduce -16.5% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 11,309,000 | $10.3M | Reduce -15.3% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 10,759,000 | $10.2M | Reduce -22.8% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 4,974,000 | $10.1M | Reduce -43.9% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 7,121,000 | $10.1M | Add +2.7% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 9,937,000 | $9.9M | Add +0.5% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 8,760,000 | $9.8M | Reduce -6.1% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 8,464,000 | $9.4M | Add +7.3% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 9,169,000 | $9.2M | Add +12.2% |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 10,000,000 | $9.1M | Add +81.8% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 8,018,000 | $8.9M | Reduce -6.0% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 8,689,000 | $8.9M | Reduce -25.3% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 6,835,000 | $8.6M | Reduce -6.8% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 8,495,000 | $8.5M | Reduce -2.5% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 7,090,000 | $8.3M | Reduce -0.2% |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 6,054,000 | $8.2M | Reduce -3.9% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 8,023,000 | $8.0M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 7,095,000 | $7.6M | Add +0.6% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 5,350,000 | $7.6M | Reduce -5.9% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 7,720,000 | $7.1M | No change |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 6,272,000 | $7.1M | Reduce -13.0% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 6,605,000 | $7.1M | Reduce -27.1% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 6,600,000 | $6.5M | No change |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 5,627,000 | $6.2M | Add +0.8% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 5,900,000 | $5.8M | Reduce -28.2% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 4,925,000 | $5.2M | Reduce -2.3% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 4,705,000 | $5.0M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 6,100,000 | $5.0M | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 4,400,000 | $5.0M | Add +46.7% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 5,030,000 | $5.0M | Add +24.8% |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 4,660,000 | $4.5M | No change |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 2,985,000 | $3.1M | Reduce -31.1% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 2,861,000 | $2.8M | No change |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 2,700,000 | $2.7M | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 2,000,000 | $2.0M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,500,000 | $1.9M | Reduce -2.6% |
| AEROVIRONMENT INC (AVAV 0 07/15/30) | NOTE 7/1 · principal | 1,000,000 | $1.1M | No change |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 950,000 | $924K | Reduce -64.0% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A · principal | 733,650 | $507K | Add +11.2% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | 367,924 | $219K | Add +7.3% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG · principal | 374,539 | $218K | Add +61.6% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D · principal | 398,055 | $206K | Add +1.7% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV · principal | 220,940 | $167K | Add +3.5% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV · principal | 228,042 | $152K | Reduce -5.7% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 · principal | 273,385 | $142K | Reduce -0.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD · principal | 228,075 | $115K | Reduce -4.8% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 · principal | 201,898 | $98K | Reduce -3.7% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A · principal | 27,925 | $34K | Add +2.9% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L · principal | 24,738 | $31K | Add +3.7% |
| BLACKROCK CORPORATE H-RT | rt | 232,249 | $7K | New |
Total filed on the 13F, all lines: $56.2B.
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -12.3% | 1.75% | −0.72 |
| HD Home Depot Inc. | Reduce -39.8% | 0.34% | −0.39 |
| EXPE Expedia Group Inc. | Reduce -98.5% | 0.00% | −0.26 |
| QRVO Qorvo Inc. | Reduce -95.7% | 0.01% | −0.24 |
| SAP Sap SE-Sponsored ADR | Reduce -99.1% | 0.00% | −0.23 |
| KEY Keycorp | Reduce -97.4% | 0.01% | −0.19 |
| CDW CDW Corp. | Reduce -99.2% | 0.00% | −0.19 |
| NOW ServiceNow Inc. | Reduce -5.4% | 0.42% | −0.17 |
| URI United Rentals Inc. | Reduce -40.5% | 0.13% | −0.16 |
| DASH DoorDash Inc. Class A | Reduce -15.2% | 0.26% | −0.15 |
| KVUE Kenvue Inc. | Reduce -98.4% | 0.00% | −0.15 |
| BJ Bj's Wholesale Club Holdings | Reduce -95.0% | 0.01% | −0.15 |
| TW Tradeweb Markets Inc. Class A | Reduce -88.5% | 0.02% | −0.15 |
| AXON Axon Enterprise Inc. | Reduce -78.8% | 0.02% | −0.14 |
| NBIX Neurocrine Biosciences Inc. | Reduce -84.2% | 0.02% | −0.14 |
| AAPL Apple Inc. | Reduce -0.7% | 2.76% | −0.13 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -39.3% | 0.14% | −0.13 |
| ZION Zions Bancorp NA | Reduce -46.8% | 0.12% | −0.12 |
| WFG West Fraser Timber Co. Ltd. | Reduce -93.8% | 0.01% | −0.12 |
| GRMN Garmin Ltd. | Reduce -13.4% | 0.20% | −0.11 |
| UPS United Parcel Service Class B | Reduce -93.1% | 0.01% | −0.11 |
| CWK Cushman & Wakefield UK Holdc | Sold out | 0.00% | −0.11 |
| UBER Uber Technologies Inc. | Reduce -9.5% | 0.22% | −0.11 |
| IBM Intl Business Machines Corp. | Reduce -16.1% | 0.39% | −0.10 |
| SHEL Shell PLC-ADR | Reduce -95.1% | 0.00% | −0.10 |
| TRMB Trimble Inc. | Reduce -15.8% | 0.27% | −0.10 |
| EEM iShares MSCI Emerging Market | Reduce -80.2% | 0.02% | −0.10 |
| NSA National Storage Affiliates | Reduce -99.0% | 0.00% | −0.10 |
| IVV iShares Core S&P 500 ETF | Reduce -0.1% | 1.16% | −0.10 |
| LZB La-Z-Boy Inc. | Reduce -98.0% | 0.00% | −0.09 |
| UFPI Ufp Industries Inc. | Reduce -97.4% | 0.00% | −0.09 |
| TREX Trex Company Inc. | Reduce -95.2% | 0.00% | −0.09 |
| CXT Crane NXT Co. | Reduce -23.5% | 0.08% | −0.09 |
| NTB Bank of N.T. Butterfield&son | Sold out | 0.00% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -15.1% | 0.24% | −0.09 |
| GPI Group 1 Automotive Inc. | Reduce -67.3% | 0.03% | −0.09 |
| LDOS Leidos Holdings Inc. | Reduce -26.6% | 0.14% | −0.08 |
| QUAL iShares MSCI USA Quality Fac | Reduce -42.1% | 0.10% | −0.08 |
| OLN Olin Corp. | Reduce -97.3% | 0.00% | −0.08 |
| MOD Modine Manufacturing Co. | Reduce -36.9% | 0.09% | −0.08 |
| EHC Encompass Health Corp. | Reduce -1.5% | 0.23% | −0.08 |
| KNX Knight-Swift Transportation | Reduce -96.1% | 0.00% | −0.08 |
| JNJ Johnson & Johnson | Reduce -11.6% | 0.59% | −0.07 |
| HLI Houlihan Lokey Inc. | Reduce -0.7% | 0.22% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -15.4% | 0.41% | −0.07 |
| HLIO Helios Technologies Inc. | Reduce -39.5% | 0.09% | −0.07 |
| CROX Crocs Inc. | Reduce -97.2% | 0.00% | −0.07 |
| JJSF J & J Snack Foods Corp. | Reduce -77.8% | 0.02% | −0.07 |
| GBCI Glacier Bancorp Inc. | Reduce -37.0% | 0.07% | −0.07 |
| STLD Steel Dynamics Inc. | Reduce -25.2% | 0.30% | −0.07 |
Portfolio Buys Q3 2025 → Q4 2025
| TMVE Thrivent Mid Cap Value ETF | New | 0.48% | +0.48 |
| MS Morgan Stanley | Add +2332.9% | 0.45% | +0.43 |
| TSME Thrivent SML-MDC Eq ETF-US I | Add +22244.3% | 0.42% | +0.42 |
| SHOP Shopify Inc. Class A | Add +7207.2% | 0.34% | +0.33 |
| GOOGL Alphabet Inc. Class A | Add +8.2% | 1.53% | +0.31 |
| TSCV Thrivent Small Cap Value ETF | New | 0.27% | +0.27 |
| VIK Viking Holdings Ltd. | New | 0.21% | +0.21 |
| LLY Eli Lilly & Co. | Add +2.0% | 0.91% | +0.20 |
| GRNY Fundstr Gran SH US LRG Cap | Add +362.1% | 0.27% | +0.20 |
| VOO Vanguard S&P 500 ETF | Add +75.4% | 0.51% | +0.19 |
| AMD Advanced Micro Devices | Add +152.6% | 0.28% | +0.19 |
| SCHG Schwab US Large-Cap Growth | Add +7909.6% | 0.18% | +0.18 |
| MPWR Monolithic Power Systems Inc. | Add +631.3% | 0.18% | +0.16 |
| FMDE Fidelity Enhanced Mid Cap Co. | New | 0.15% | +0.15 |
| VEEV Veeva Systems Inc. Class A | Add +10109.4% | 0.14% | +0.14 |
| ONTO Onto Innovation Inc. | Add +88.5% | 0.27% | +0.14 |
| IVES Dan Wedbush AI Rev ETF | New | 0.14% | +0.14 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +64.2% | 0.40% | +0.14 |
| FITB Fifth Third Bancorp | Add +3358.9% | 0.14% | +0.14 |
| RDDT Reddit Inc. Class A | New | 0.12% | +0.12 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +397.2% | 0.15% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +31.8% | 0.67% | +0.12 |
| TXRH Texas Roadhouse Inc. | Add +1974.3% | 0.12% | +0.12 |
| FENI Fidelity Enhanced Intl ETF | Add +13201.5% | 0.12% | +0.12 |
| WELD Tema U.S. Manufacturing & Re | Add +405.2% | 0.15% | +0.11 |
| FBCG Fidelity Blue Chip Grow ETF | Add +405.7% | 0.14% | +0.11 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +128.6% | 0.21% | +0.11 |
| EME Emcor Group Inc. | Add +663.4% | 0.13% | +0.11 |
| XLI SS Industrial Select Sector | Add +473.6% | 0.13% | +0.11 |
| ASH Ashland Inc. | Add +1804.0% | 0.11% | +0.10 |
| PEP Pepsico Inc. | Add +554.8% | 0.12% | +0.10 |
| KDP Keurig Dr Pepper Inc. | Add +90.2% | 0.21% | +0.10 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +411.2% | 0.12% | +0.10 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +2133.1% | 0.10% | +0.09 |
| ICLR Icon PLC | New | 0.09% | +0.09 |
| XLF SS Financial Select Sector | Add +321.0% | 0.13% | +0.09 |
| ICFI Icf International Inc. | Add +693.2% | 0.11% | +0.09 |
| FLS Flowserve Corp. | Add +33.4% | 0.26% | +0.09 |
| CSW CSW Industrials Inc. | Add +1337.1% | 0.10% | +0.09 |
| OSK Oshkosh Corp. | Add +1945.0% | 0.10% | +0.09 |
| UFPT Ufp Technologies Inc. | Add +892.3% | 0.10% | +0.09 |
| EXEL Exelixis Inc. | Add +1821.0% | 0.09% | +0.09 |
| AYI Acuity Inc. | Add +499.6% | 0.11% | +0.09 |
| ISRG Intuitive Surgical Inc. | Add +10.0% | 0.43% | +0.09 |
| AIT Applied Industrial Tech Inc. | Add +1628.7% | 0.09% | +0.09 |
| CSX CSX Corp. | Add +47.6% | 0.32% | +0.08 |
| CANC Tema Oncology ETF | Add +891.1% | 0.09% | +0.08 |
| JPST JPMorgan Ultra-Short Income | Add +286.0% | 0.12% | +0.08 |
| SOLS Solstice Adv Materials Inc. | Add +645.3% | 0.10% | +0.08 |
| FDEM Fidelity Emrg MRKT Multifact | New | 0.08% | +0.08 |
Notes & Other Activity Q3 2025 → Q4 2025
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -30.3% | 8,250,000 | $37.8M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | Reduce -5.8% | 27,697,000 | $35.4M |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | New | 12,210,000 | $33.0M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +5.8% | 31,875,000 | $32.9M |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Reduce -4.8% | 33,948,000 | $31.0M |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | Add +7.3% | 9,882,000 | $28.3M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Add +4.6% | 24,110,000 | $23.4M |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -27.9% | 18,334,000 | $19.9M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +7.0% | 19,144,000 | $19.9M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Add +2.6% | 7,746,000 | $19.5M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | Add +6.6% | 16,967,000 | $19.4M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Add +3.2% | 20,642,000 | $18.7M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -1.4% | 18,980,000 | $18.3M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Reduce -28.4% | 10,410,000 | $17.6M |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | Reduce -0.3% | 19,870,000 | $17.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +10.8% | 13,340,000 | $17.3M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 16,650,000 | $17.1Mbefore exit |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -4.8% | 16,150,000 | $16.0M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Add +0.6% | 3,863,000 | $15.9M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +15.6% | 13,107,000 | $15.6M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Add +66.1% | 15,655,000 | $15.4M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -1.1% | 15,900,000 | $15.3M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Reduce -26.2% | 9,913,000 | $15.0M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +0.9% | 15,078,000 | $14.5M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -1.0% | 13,914,000 | $14.5M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Add +3.9% | 12,054,000 | $14.4M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Reduce -1.8% | 14,815,000 | $14.1M |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | New | 12,665,000 | $13.5M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -19.9% | 9,016,000 | $13.2M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Reduce -5.8% | 14,611,000 | $13.2M |
| SYNAPTICS INC (SYNA 0.75 12/01/31) | NOTE 0.750%12/0 · principal | New | 12,505,000 | $13.2M |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | Add +4.8% | 8,553,000 | $12.7M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Sold out | 12,660,000 | $12.5Mbefore exit |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Sold out | 12,665,000 | $12.5Mbefore exit |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Add +4.1% | 7,307,000 | $12.4M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Reduce -2.9% | 11,642,000 | $11.5M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Add +6.0% | 10,536,000 | $11.4M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +0.2% | 9,059,000 | $11.0M |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | Reduce -0.9% | 10,772,000 | $11.0M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | Reduce -34.0% | 11,289,000 | $10.8M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Reduce -0.4% | 10,103,000 | $10.8M |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Reduce -16.5% | 10,385,000 | $10.4M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Reduce -15.3% | 11,309,000 | $10.3M |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | Reduce -22.8% | 10,759,000 | $10.2M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Reduce -43.9% | 4,974,000 | $10.1M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +2.7% | 7,121,000 | $10.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +0.5% | 9,937,000 | $9.9M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Reduce -6.1% | 8,760,000 | $9.8M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Add +7.3% | 8,464,000 | $9.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Add +12.2% | 9,169,000 | $9.2M |
Showing the first 50 of 88.
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 |