Tower Research Capital LLC (TRC)
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), Tower Research Capital LLC (TRC) reported 5,219 stock positions worth $3.7 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 4.0% of the portfolio, followed by Microsoft (MSFT, 3.7%) and Nvidia (NVDA, 3.1%). Compared with Q1 2025, it opened 611 new positions, sold out of 502, added to 2,897 and reduced 1,686. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +1116%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001533421
- Portfolio Value
- $3.7B (Q2 2025)
- SEC Filing
- 0001533421-25-000013 ↗ filed Aug 15, 2025
Holdings Value
Holdings 5,219 stocks · $3.7B
| SPY SS SPDR S&P 500 ETF Trust-US | 4.05% | 242,860 | $150.1M | Add +1116.1% |
| MSFT Microsoft Corp. | 3.75% | 279,391 | $139.0M | Reduce -19.7% |
| NVDA Nvidia Corp. | 3.14% | 736,574 | $116.4M | Reduce -22.4% |
| AAPL Apple Inc. | 2.74% | 495,427 | $101.6M | Reduce -13.3% |
| QQQ Invesco QQQ Trust Series 1 | 2.08% | 139,884 | $77.2M | Reduce -74.8% |
| AMZN Amazon.com Inc. | 1.99% | 335,873 | $73.7M | Reduce -34.8% |
| META Meta Platforms Inc. Class A | 1.20% | 60,139 | $44.4M | Reduce -50.2% |
| IWM iShares Russell 2000 ETF | 1.03% | 176,425 | $38.1M | Add +28.2% |
| AVGO Broadcom Inc. | 0.96% | 128,618 | $35.5M | Reduce -55.5% |
| JPM JPMorgan Chase & Co. | 0.93% | 119,560 | $34.7M | Add +10.4% |
| PLTR Palantir Technologies Inc. Class A | 0.90% | 244,899 | $33.4M | Add +174.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.89% | 68,130 | $33.1M | Reduce -8.6% |
| GOOGL Alphabet Inc. Class A | 0.88% | 185,133 | $32.6M | Reduce -40.3% |
| GOOG Alphabet Inc. Class C | 0.72% | 150,102 | $26.6M | Reduce -33.2% |
| V Visa Inc. Class A | 0.70% | 72,805 | $25.8M | Add +9.5% |
| TSLA Tesla Inc. | 0.66% | 77,019 | $24.5M | Reduce -53.4% |
| VOO Vanguard S&P 500 ETF | 0.64% | 41,477 | $23.6M | Add +17.1% |
| XOM Exxon Mobil Corp. | 0.56% | 192,382 | $20.7M | Reduce -46.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.54% | 218,270 | $20.0M | New |
| BP BP PLC-Spons ADR | 0.49% | 611,886 | $18.3M | Add +236.9% |
| IVV iShares Core S&P 500 ETF | 0.49% | 29,084 | $18.1M | New |
| DEO Diageo PLC-Sponsored ADR | 0.48% | 175,440 | $17.7M | Add +601.5% |
| MTUM iShares MSCI USA Momentum Fa | 0.47% | 72,374 | $17.4M | Add +1809250.0% |
| MA Mastercard Inc. Class A | 0.47% | 30,920 | $17.4M | Reduce -10.3% |
| VTWO Vanguard Russell 2000 ETF | 0.46% | 194,213 | $16.9M | Add +1942.6% |
| TQQQ Proshares Ultrapro QQQ | 0.45% | 198,910 | $16.5M | Add +387.1% |
| VOD Vodafone Group PLC-SP ADR | 0.45% | 1,548,454 | $16.5M | Add +235.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.44% | 282,112 | $16.5M | Add +198.3% |
| AGG iShares Core U.S. Aggregate | 0.44% | 165,630 | $16.4M | Add +1637.4% |
| COST Costco Wholesale Corp. | 0.44% | 16,382 | $16.2M | Add +117.0% |
| QCOM Qualcomm Inc. | 0.43% | 101,121 | $16.1M | Add +99.8% |
| UNH Unitedhealth Group Inc. | 0.43% | 51,501 | $16.1M | Add +25.0% |
| LLY Eli Lilly & Co. | 0.43% | 20,562 | $16.0M | Reduce -26.9% |
| APP AppLovin Corp. Class A | 0.40% | 42,393 | $14.8M | Add +306.7% |
| SCHA Schwab US Small-Cap ETF | 0.39% | 576,440 | $14.6M | Add +481.6% |
| SOXL Direx Dail Semi Bu 3X Et-Usd | 0.39% | 570,966 | $14.3M | Reduce -32.7% |
| JNJ Johnson & Johnson | 0.36% | 86,547 | $13.2M | Reduce -32.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 269,121 | $12.7M | Add +25.3% |
| PG The Procter & Gamble Co. | 0.34% | 78,944 | $12.6M | Reduce -31.4% |
| WFC Wells Fargo & Co. | 0.34% | 155,628 | $12.5M | Add +42.9% |
| CRM Salesforce Inc. | 0.33% | 45,272 | $12.3M | Add +15.9% |
| NFLX Netflix Inc. | 0.33% | 9,167 | $12.3M | Reduce -53.6% |
| BTI British American Tob-SP ADR | 0.32% | 248,215 | $11.7M | Add +97.5% |
| SMCI Super Micro Computer Inc. | 0.31% | 234,623 | $11.5M | Add +1260.7% |
| LIN Linde PLC | 0.31% | 24,483 | $11.5M | Add +59.8% |
| HD Home Depot Inc. | 0.31% | 31,144 | $11.4M | Reduce -30.8% |
| IJH iShares Core S&P Midcap ETF | 0.30% | 177,766 | $11.0M | Add +8888200.0% |
| SNN Smith & Nephew PLC -Spon ADR | 0.29% | 355,913 | $10.9M | Add +507.8% |
| ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS | 0.29% | 1,282,032 | $10.9M | Add +229.3% |
| PGR Progressive Corp. | 0.29% | 40,732 | $10.9M | Add +139.6% |
| ARGX Argenx SE - ADR | 0.29% | 19,339 | $10.7M | Add +257.9% |
| CVX Chevron Corp. | 0.29% | 74,420 | $10.7M | Reduce -44.3% |
| CSCO Cisco Systems Inc. | 0.29% | 152,695 | $10.6M | Add +13.9% |
| AZN Astrazeneca PLC-Spons ADR | 0.28% | 150,917 | $10.5M | Add +74.7% |
| WMT Walmart Inc. | 0.28% | 107,447 | $10.5M | Reduce -16.9% |
| VRTX Vertex Pharmaceuticals Inc. | 0.28% | 23,478 | $10.5M | Add +79.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.28% | 43,622 | $10.3M | Add +242244.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.28% | 23,197 | $10.2M | Reduce -57.8% |
| USFR Wisdomtree Floating Rate Tre | 0.27% | 199,218 | $10.0M | New |
| ORCL Oracle Corp. | 0.27% | 45,795 | $10.0M | Reduce -23.6% |
| ABBV Abbvie Inc. | 0.27% | 53,834 | $10.0M | Reduce -24.6% |
| MRK Merck & Co. Inc. | 0.27% | 126,042 | $10.0M | Add +11.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.27% | 143,241 | $9.9M | Add +1544.8% |
| CI The Cigna Group | 0.26% | 29,566 | $9.8M | Add +169.3% |
| PUK Prudential PLC-ADR | 0.26% | 385,917 | $9.7M | Add +725.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.26% | 692,203 | $9.5M | Add +1380.2% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.25% | 22,609 | $9.1M | Reduce -46.5% |
| PEP Pepsico Inc. | 0.25% | 68,984 | $9.1M | Reduce -10.1% |
| RELX Relx PLC - Spon ADR | 0.24% | 165,125 | $9.0M | Add +123.2% |
| FTSL First Trust Senior Loan ETF | 0.24% | 190,069 | $8.7M | Add +2111777.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.23% | 69,860 | $8.7M | Reduce -20.4% |
| GS Goldman Sachs Group Inc. | 0.23% | 12,237 | $8.7M | Reduce -8.9% |
| IWN iShares Russell 2000 Value E | 0.23% | 54,895 | $8.7M | Reduce -19.4% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 20,464 | $8.3M | Reduce -6.2% |
| WMB Williams Cos Inc. | 0.22% | 131,564 | $8.3M | Add +11.4% |
| WELL Welltower Inc. | 0.22% | 52,025 | $8.0M | Add +43.0% |
| GE General Electric filed as GE AEROSPACE | 0.21% | 30,897 | $8.0M | Reduce -26.2% |
| SPXL Direxion Daily S&P 500 Bull | 0.21% | 44,841 | $7.8M | Add +10.1% |
| SUB iShares Short-Term National | 0.21% | 72,649 | $7.7M | Add +908012.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 15,135 | $7.7M | Add +32.4% |
| SPUU Dir Dai S&P 500 Bu 2X ETF-US | 0.21% | 49,056 | $7.7M | New |
| HOOD Robinhood Markets Inc. Class A | 0.21% | 81,273 | $7.6M | Add +277.8% |
| ADBE Adobe Inc. | 0.20% | 19,293 | $7.5M | Reduce -18.5% |
| VHT Vanguard Health Care ETF | 0.20% | 29,661 | $7.4M | Add +148.3% |
| SCHX Schwab US Large-Cap ETF | 0.19% | 291,669 | $7.1M | New |
| BMY Bristol-Myers Squibb Co. | 0.19% | 153,958 | $7.1M | Add +159.6% |
| INTU Intuit Inc. | 0.19% | 9,037 | $7.1M | Add +39.1% |
| MAGS Roundhill Magnificent Seven | 0.19% | 127,645 | $7.1M | New |
| IWV iShares Russell 3000 ETF | 0.19% | 20,082 | $7.0M | Add +62656.3% |
| RTO Rentokil Initial PLC-SP ADR | 0.19% | 293,673 | $7.0M | Add +93129.5% |
| INTC Intel Corp. | 0.19% | 314,078 | $7.0M | Add +98.5% |
| XME SS SPDR S&P Metals Mining | 0.19% | 102,927 | $6.9M | Add +112.7% |
| COIN Coinbase Global Inc. Class A | 0.19% | 19,580 | $6.9M | Add +178.3% |
| UNP Union Pacific Corp. | 0.18% | 29,108 | $6.7M | Add +58.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.18% | 22,554 | $6.6M | Reduce -33.1% |
| MLI Mueller Industries Inc. | 0.17% | 81,422 | $6.5M | Add +1401.7% |
| IBB iShares Biotechnology ETF | 0.17% | 51,037 | $6.5M | Add +148.2% |
| UL Unilever PLC | 0.17% | 105,496 | $6.5M | Add +49.0% |
| KO The Coca-Cola Co. | 0.17% | 90,133 | $6.4M | Reduce -54.5% |
| FDN First Trust DJ Internet Ind | 0.17% | 23,316 | $6.3M | Add +1165700.0% |
Other holdings (20): bonds, preferreds, convertibles and warrants · $476K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 3,516 | $140K | Add +236.8% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 1,142 | $78K | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 590 | $44K | Reduce -67.2% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 1,054 | $40K | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 1,088 | $35K | New |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 737 | $35K | Add +35.0% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 538 | $29K | New |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 3,070 | $25K | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 440 | $24K | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 234 | $14K | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 154 | $9K | Reduce -81.3% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 78 | $2K | New |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 66 | $2K | Add +78.4% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 150 | $1K | No change |
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | 100 | $80 | No change |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 274 | $25 | No change |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 247 | $20 | No change |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 90 | $17 | No change |
| BZFDW Buzzfeed Inc. -CW27 | *W EXP 12/03/202 | 100 | $6 | No change |
| AERTW Aeries Technology Inc. -CW23 | *W EXP 11/06/202 | 156 | $4 | No change |
Total filed on the 13F, all lines: $3.7B.
Portfolio Sells Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | Reduce -74.8% | 2.08% | −5.56 |
| AAPL Apple Inc. | Reduce -13.3% | 2.74% | −1.02 |
| AMZN Amazon.com Inc. | Reduce -34.8% | 1.99% | −0.89 |
| META Meta Platforms Inc. Class A | Reduce -50.2% | 1.20% | −0.88 |
| XOM Exxon Mobil Corp. | Reduce -46.1% | 0.56% | −0.68 |
| IEF iShares 7-10 Year Treasury B | Reduce -100.0% | 0.00% | −0.63 |
| TSLA Tesla Inc. | Reduce -53.4% | 0.66% | −0.60 |
| XLY SS Consumer Disc Select Sect | Reduce -100.0% | 0.00% | −0.54 |
| GOOGL Alphabet Inc. Class A | Reduce -40.3% | 0.88% | −0.53 |
| AVGO Broadcom Inc. | Reduce -55.5% | 0.96% | −0.46 |
| XLK SS Technology Select Sector | Reduce -100.0% | 0.00% | −0.43 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -57.8% | 0.28% | −0.42 |
| GOOG Alphabet Inc. Class C | Reduce -33.2% | 0.72% | −0.33 |
| GOVT iShares US Treasury Bond ETF | Reduce -98.3% | 0.01% | −0.32 |
| NEE Nextera Energy Inc. | Reduce -84.5% | 0.05% | −0.32 |
| QUAL iShares MSCI USA Quality Fac | Reduce -87.1% | 0.04% | −0.29 |
| XLP SS Consumer Staples Sel Sect | Reduce -99.9% | 0.00% | −0.29 |
| MSFT Microsoft Corp. | Reduce -19.7% | 3.75% | −0.28 |
| XLRE SS Real Estate Select Sector | Reduce -88.8% | 0.03% | −0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -8.6% | 0.89% | −0.28 |
| JNJ Johnson & Johnson | Reduce -32.7% | 0.36% | −0.28 |
| LLY Eli Lilly & Co. | Reduce -26.9% | 0.43% | −0.26 |
| KO The Coca-Cola Co. | Reduce -54.5% | 0.17% | −0.25 |
| VZ Verizon Communications Inc. | Reduce -61.8% | 0.12% | −0.25 |
| T AT&T Inc. | Reduce -51.8% | 0.16% | −0.24 |
| PG The Procter & Gamble Co. | Reduce -31.4% | 0.34% | −0.24 |
| XLV SS Health Care Select Sector | Reduce -93.5% | 0.01% | −0.24 |
| SO The Southern Co. | Reduce -88.0% | 0.03% | −0.21 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -97.2% | 0.01% | −0.20 |
| MCD McDonald's Corp. | Reduce -52.2% | 0.14% | −0.20 |
| ISRG Intuitive Surgical Inc. | Reduce -68.8% | 0.09% | −0.20 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.19 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.19 |
| COP Conocophillips | Reduce -44.8% | 0.13% | −0.18 |
| IJR iShares Core S&P Small-Cap E | Reduce -85.2% | 0.03% | −0.18 |
| DUK Duke Energy Corp. | Reduce -84.8% | 0.03% | −0.17 |
| RTX RTX Corp. | Reduce -73.4% | 0.06% | −0.17 |
| CMCSA Comcast Corp. Class A | Reduce -59.0% | 0.09% | −0.17 |
| MSTR Strategy Inc. | Reduce -46.5% | 0.25% | −0.16 |
| NFLX Netflix Inc. | Reduce -53.6% | 0.33% | −0.16 |
| OIH Vaneck Oil Services ETF | Reduce -51.8% | 0.10% | −0.16 |
| HD Home Depot Inc. | Reduce -30.8% | 0.31% | −0.16 |
| RY Royal Bank of Canada | Reduce -93.6% | 0.01% | −0.16 |
| EOG EOG Resources Inc. | Reduce -63.6% | 0.07% | −0.15 |
| CVX Chevron Corp. | Reduce -44.3% | 0.29% | −0.15 |
| CL Colgate-Palmolive Co. | Reduce -73.9% | 0.04% | −0.14 |
| AZO AutoZone Inc. | Reduce -71.0% | 0.05% | −0.14 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -97.7% | 0.00% | −0.14 |
| TD Toronto-Dominion Bank | Reduce -91.4% | 0.01% | −0.14 |
| PAVE Global X US Infrastructure | Sold out | 0.00% | −0.13 |
Portfolio Buys Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1116.1% | 4.05% | +3.71 |
| PLTR Palantir Technologies Inc. Class A | Add +174.8% | 0.90% | +0.68 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.54% | +0.54 |
| IVV iShares Core S&P 500 ETF | New | 0.49% | +0.49 |
| MTUM iShares MSCI USA Momentum Fa | Add +1809250.0% | 0.47% | +0.47 |
| VTWO Vanguard Russell 2000 ETF | Add +1942.6% | 0.46% | +0.43 |
| AGG iShares Core U.S. Aggregate | Add +1637.4% | 0.44% | +0.41 |
| DEO Diageo PLC-Sponsored ADR | Add +601.5% | 0.48% | +0.40 |
| TQQQ Proshares Ultrapro QQQ | Add +387.1% | 0.45% | +0.38 |
| SCHA Schwab US Small-Cap ETF | Add +481.6% | 0.39% | +0.32 |
| APP AppLovin Corp. Class A | Add +306.7% | 0.40% | +0.32 |
| VOD Vodafone Group PLC-SP ADR | Add +235.1% | 0.45% | +0.32 |
| BP BP PLC-Spons ADR | Add +236.9% | 0.49% | +0.31 |
| IJH iShares Core S&P Midcap ETF | Add +8888200.0% | 0.30% | +0.30 |
| SMCI Super Micro Computer Inc. | Add +1260.7% | 0.31% | +0.29 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +242244.4% | 0.28% | +0.28 |
| RIO Rio Tinto PLC-Spon ADR | Add +198.3% | 0.44% | +0.27 |
| USFR Wisdomtree Floating Rate Tre | New | 0.27% | +0.27 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +1544.8% | 0.27% | +0.25 |
| SNN Smith & Nephew PLC -Spon ADR | Add +507.8% | 0.29% | +0.24 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +1380.2% | 0.26% | +0.24 |
| FTSL First Trust Senior Loan ETF | Add +2111777.8% | 0.24% | +0.24 |
| COST Costco Wholesale Corp. | Add +117.0% | 0.44% | +0.23 |
| PUK Prudential PLC-ADR | Add +725.9% | 0.26% | +0.23 |
| IWM iShares Russell 2000 ETF | Add +28.2% | 1.03% | +0.21 |
| SUB iShares Short-Term National | Add +908012.5% | 0.21% | +0.21 |
| SPUU Dir Dai S&P 500 Bu 2X ETF-US | New | 0.21% | +0.21 |
| ERIC Ericsson (lm) Tel-SP ADR | Add +229.3% | 0.29% | +0.20 |
| ARGX Argenx SE - ADR | Add +257.9% | 0.29% | +0.19 |
| SCHX Schwab US Large-Cap ETF | New | 0.19% | +0.19 |
| MAGS Roundhill Magnificent Seven | New | 0.19% | +0.19 |
| RTO Rentokil Initial PLC-SP ADR | Add +93129.5% | 0.19% | +0.19 |
| IWV iShares Russell 3000 ETF | Add +62656.3% | 0.19% | +0.19 |
| V Visa Inc. Class A | Add +9.5% | 0.70% | +0.19 |
| HOOD Robinhood Markets Inc. Class A | Add +277.8% | 0.21% | +0.18 |
| QCOM Qualcomm Inc. | Add +99.8% | 0.43% | +0.17 |
| FDN First Trust DJ Internet Ind | Add +1165700.0% | 0.17% | +0.17 |
| BTI British American Tob-SP ADR | Add +97.5% | 0.32% | +0.16 |
| MLI Mueller Industries Inc. | Add +1401.7% | 0.17% | +0.16 |
| CI The Cigna Group | Add +169.3% | 0.26% | +0.16 |
| AIT Applied Industrial Tech Inc. | Add +1119.7% | 0.16% | +0.15 |
| PGR Progressive Corp. | Add +139.6% | 0.29% | +0.15 |
| COIN Coinbase Global Inc. Class A | Add +178.3% | 0.19% | +0.15 |
| IWF iShares Russell 1000 Growth | New | 0.15% | +0.15 |
| CRM Salesforce Inc. | Add +15.9% | 0.33% | +0.14 |
| QTEC First Trust Nasdq 100 Tech I | Add +23953.0% | 0.14% | +0.14 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +584.0% | 0.16% | +0.14 |
| OEF iShares S&P 100 ETF | Add +33422.4% | 0.13% | +0.13 |
| ITA iShares U.S. Aerospace & Def | Add +1437.1% | 0.14% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +10.4% | 0.93% | +0.13 |
Notes & Other Activity Q1 2025 → Q2 2025
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Sold out | 5,200 | $262Kbefore exit |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +236.8% | 3,516 | $140K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 1,142 | $78K |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -67.2% | 590 | $44K |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 1,054 | $40K |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 1,088 | $35K |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Add +35.0% | 737 | $35K |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 538 | $29K |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | New | 3,070 | $25K |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 440 | $24K |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | New | 234 | $14K |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -81.3% | 154 | $9K |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | New | 78 | $2K |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +78.4% | 66 | $2K |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Sold out | 20 | $343before exit |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | Sold out | 359 | $96before exit |
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | Sold out | 15 | $0before exit |
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 | 5,161 | $4.1B | SPY, NVDA, IVV, AAPL, SPIB |
| Q1 2026 | 5,066 | $3.8B | QQQ, SOXL, AAPL, MSFT, MU |
| Q4 2025 | 5,101 | $4.1B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q3 2025 | 5,175 | $3.6B | SPY, NVDA, MSFT, AAPL, AMZN |
| Q2 2025 | 5,219 | $3.7B | SPY, MSFT, NVDA, AAPL, QQQ |
| Q1 2025 | 5,109 | $3.4B | QQQ, MSFT, AAPL, NVDA, AMZN |
| Q4 2024 | 5,588 | $5.0B | AAPL, MSFT, NVDA, AMZN, SPY |
| Q3 2024 | 5,598 | $3.8B | QQQ, SPY, SMCI, MSFT, NVDA |
| Q2 2024 | 5,573 | $5.9B | MSFT, AAPL, NVDA, SPY, AMZN |
| Q1 2024 | 5,738 | $4.2B | SPY, MSFT, NVDA, AAPL, AMZN |