Two Sigma Investments, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Two Sigma Investments, LP reported 3,013 stock positions worth $41.4 billion. Its top holding was iShares Russell 1000 Growth (IWF) at 0.9% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 0.9%) and SS SPDR S&P 500 ETF Trust-US (SPY, 0.9%). Compared with Q3 2024, it opened 454 new positions, sold out of 368, added to 1,124 and reduced 1,379. The biggest buy was Amazon.com (AMZN, shares +7558%) and the biggest sale Micron Technology (MU, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001179392
- Portfolio Value
- $41.4B (Q4 2024)
- SEC Filing
- 0000899140-25-000265 ↗ filed Feb 14, 2025
Holdings Value
Holdings 3,013 stocks · $41.4B
| IWF iShares Russell 1000 Growth | 0.93% | 958,000 | $384.7M | Add +79.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.92% | 743,078 | $379.9M | Reduce -6.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 627,271 | $367.6M | Reduce -27.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.86% | 864,300 | $354.7M | Add +105.0% |
| IVV iShares Core S&P 500 ETF | 0.80% | 560,100 | $329.7M | Add +119.3% |
| XLV SS Health Care Select Sector | 0.79% | 2,371,357 | $326.2M | Add +56.9% |
| XLK SS Technology Select Sector | 0.71% | 1,266,500 | $294.5M | Add +33.9% |
| AAPL Apple Inc. | 0.68% | 1,130,602 | $283.1M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 0.64% | 1,202,242 | $263.8M | Add +7557.6% |
| RBLX Roblox Corp. Class A | 0.63% | 4,514,666 | $261.2M | Add +25.7% |
| GOOGL Alphabet Inc. Class A | 0.62% | 1,365,398 | $258.5M | Reduce -11.0% |
| DASH DoorDash Inc. Class A | 0.62% | 1,525,461 | $255.9M | Reduce -19.8% |
| MSFT Microsoft Corp. | 0.61% | 600,769 | $253.2M | Reduce -1.6% |
| NFLX Netflix Inc. | 0.60% | 279,677 | $249.3M | Add +49.8% |
| LLY Eli Lilly & Co. | 0.60% | 322,690 | $249.1M | Add +61.6% |
| NVDA Nvidia Corp. | 0.59% | 1,821,145 | $244.6M | Reduce -11.4% |
| SOFI Sofi Technologies Inc. | 0.59% | 15,866,755 | $244.3M | Add +442.8% |
| TSLA Tesla Inc. | 0.58% | 599,264 | $242.0M | New |
| QCOM Qualcomm Inc. | 0.58% | 1,567,873 | $240.9M | Add +10.0% |
| CME Cme Group Inc. | 0.58% | 1,036,991 | $240.8M | Reduce -9.8% |
| META Meta Platforms Inc. Class A | 0.57% | 406,230 | $237.9M | Add +853.2% |
| INTC Intel Corp. | 0.57% | 11,843,258 | $237.5M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.57% | 3,437,600 | $237.0M | Add +164.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.57% | 5,382,353 | $236.6M | Reduce -5.3% |
| DHR Danaher Corp. | 0.57% | 1,027,495 | $235.9M | Add +316.7% |
| AMGN Amgen Inc. | 0.57% | 902,286 | $235.2M | Add +151.5% |
| TMO Thermo Fisher Scientific Inc. | 0.57% | 451,831 | $235.1M | Add +13.8% |
| LMT Lockheed Martin Corp. | 0.57% | 483,431 | $234.9M | Add +17.9% |
| CVNA Carvana Co. | 0.56% | 1,146,305 | $233.1M | Reduce -24.4% |
| LNG Cheniere Energy Inc. | 0.56% | 1,080,666 | $232.2M | Add +31.6% |
| HOOD Robinhood Markets Inc. Class A | 0.55% | 6,088,153 | $226.8M | Reduce -35.1% |
| PGR Progressive Corp. | 0.54% | 938,027 | $224.8M | Add +9.5% |
| V Visa Inc. Class A | 0.54% | 707,395 | $223.6M | Reduce -14.4% |
| MA Mastercard Inc. Class A | 0.54% | 423,537 | $223.0M | Reduce -4.6% |
| AMAT Applied Materials Inc. | 0.53% | 1,347,580 | $219.2M | Add +10767.6% |
| SNOW Snowflake Inc. | 0.53% | 1,417,698 | $218.9M | Reduce -36.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.52% | 743,850 | $215.6M | Add +210.1% |
| ABNB Airbnb Inc. Class A | 0.52% | 1,640,047 | $215.5M | New |
| CI The Cigna Group | 0.51% | 764,900 | $211.2M | Add +32.6% |
| NOC Northrop Grumman Corp. | 0.50% | 443,663 | $208.2M | Add +6.3% |
| FTNT Fortinet Inc. | 0.49% | 2,163,807 | $204.4M | Reduce -31.7% |
| NCLH Norwegian Cruise Line Holdin | 0.49% | 7,914,243 | $203.6M | Add +23.1% |
| LRCX Lam Research Corp. | 0.49% | 2,809,026 | $202.9M | Add +7.2% |
| ADBE Adobe Inc. | 0.49% | 452,880 | $201.4M | Add +128.7% |
| CSCO Cisco Systems Inc. | 0.48% | 3,359,355 | $198.9M | Reduce -26.1% |
| AXON Axon Enterprise Inc. | 0.46% | 322,972 | $191.9M | Add +84.4% |
| MRK Merck & Co. Inc. | 0.46% | 1,928,829 | $191.9M | Reduce -0.4% |
| APP AppLovin Corp. Class A | 0.45% | 576,524 | $186.7M | Reduce -60.7% |
| ELV Elevance Health Inc. | 0.45% | 501,494 | $185.0M | Add +247.7% |
| GD General Dynamics Corp. | 0.44% | 693,698 | $182.8M | Add +11.1% |
| DG Dollar General Corp. | 0.43% | 2,354,135 | $178.5M | Add +323.1% |
| COR Cencora Inc. | 0.41% | 750,088 | $168.5M | Reduce -12.8% |
| CAVA Cava Group Inc. | 0.40% | 1,484,196 | $167.4M | Reduce -24.7% |
| WCN Waste Connections Inc. | 0.40% | 972,951 | $166.9M | Reduce -14.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.39% | 2,159,200 | $163.4M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.38% | 1,844,423 | $158.7M | New |
| NKE Nike Inc. Class B | 0.38% | 2,095,590 | $158.6M | Reduce -18.9% |
| SPOT Spotify Technology SA | 0.38% | 352,030 | $157.5M | Reduce -45.4% |
| COST Costco Wholesale Corp. | 0.37% | 168,898 | $154.8M | Add +1.8% |
| MSCI MSCI Inc. | 0.37% | 257,051 | $154.2M | Reduce -9.5% |
| NEE Nextera Energy Inc. | 0.37% | 2,129,007 | $152.6M | Add +7433.4% |
| IQV Iqvia Holdings Inc. | 0.36% | 767,979 | $150.9M | Add +98.4% |
| HUM Humana Inc. | 0.36% | 587,053 | $148.9M | Reduce -21.8% |
| ICE Intercontinental Exchange Inc. | 0.36% | 992,344 | $147.9M | Reduce -31.6% |
| PFE Pfizer Inc. | 0.34% | 5,302,731 | $140.7M | Reduce -38.4% |
| HCA HCA Healthcare Inc. | 0.34% | 467,437 | $140.3M | Add +12016.0% |
| CCL Carnival Corp. | 0.34% | 5,581,777 | $139.1M | Reduce -13.8% |
| CNC Centene Corp. | 0.33% | 2,245,511 | $136.0M | Add +1788.1% |
| CAG Conagra Brands Inc. | 0.32% | 4,738,404 | $131.5M | Add +10.6% |
| GDX Vaneck Gold Miners ETF | 0.32% | 3,851,200 | $130.6M | Add +68.7% |
| BIIB Biogen Inc. | 0.31% | 852,336 | $130.3M | Add +31.4% |
| SHEL Shell PLC-ADR | 0.31% | 2,059,719 | $129.0M | Reduce -0.6% |
| TT Trane Technologies PLC | 0.30% | 334,452 | $123.5M | Add +85.0% |
| DHI D.R. Horton Inc. | 0.30% | 877,644 | $122.7M | Add +1838.0% |
| MLM Martin Marietta Materials | 0.30% | 237,162 | $122.5M | Add +55.9% |
| INTU Intuit Inc. | 0.30% | 194,814 | $122.4M | Reduce -27.2% |
| TWLO Twilio Inc. Class A | 0.29% | 1,129,725 | $122.1M | Add +1292.9% |
| IWB iShares Russell 1000 ETF | 0.29% | 379,000 | $122.1M | Add +175.8% |
| FTAI Ftai Aviation Ltd. | 0.29% | 844,772 | $121.7M | Add +16.6% |
| BDX Becton Dickinson and Co. | 0.29% | 535,052 | $121.4M | Reduce -36.5% |
| FNV Franco-Nevada Corp. | 0.29% | 1,029,460 | $121.1M | Add +15.1% |
| WM Waste Management Inc. | 0.29% | 588,355 | $118.7M | Reduce -11.4% |
| UPST Upstart Holdings Inc. | 0.29% | 1,922,770 | $118.4M | Add +20.1% |
| IYW iShares Ustechnology ETF | 0.28% | 737,924 | $117.7M | Add +19.0% |
| MRSH Marsh & McLennan Cos | 0.27% | 532,990 | $113.2M | Add +195.0% |
| VRSK Verisk Analytics Inc. | 0.27% | 407,877 | $112.3M | Reduce -19.2% |
| TEAM Atlassian Corp. Class A | 0.27% | 459,246 | $111.8M | Reduce -61.0% |
| STM Stmicroelectronics NV-NY SHS | 0.27% | 4,475,384 | $111.8M | Add +19.4% |
| CAH Cardinal Health Inc. | 0.27% | 943,519 | $111.6M | Reduce -23.8% |
| IVW iShares S&P 500 Growth ETF | 0.27% | 1,086,331 | $110.3M | Reduce -4.5% |
| MSI Motorola Solutions Inc. | 0.26% | 234,752 | $108.5M | Add +5.4% |
| CBOE Cboe Global Markets Inc. | 0.26% | 547,024 | $106.9M | Add +9.0% |
| KDP Keurig Dr Pepper Inc. | 0.26% | 3,311,702 | $106.4M | Add +47.1% |
| VIK Viking Holdings Ltd. | 0.25% | 2,385,193 | $105.1M | Add +1972.0% |
| MRVL Marvell Technology Inc. | 0.25% | 944,634 | $104.3M | Add +743.7% |
| QUAL iShares MSCI USA Quality Fac | 0.25% | 582,700 | $103.8M | Add +40.4% |
| TOST Toast Inc. Class A | 0.25% | 2,846,200 | $103.7M | Add +914.5% |
| LYFT LYFT Inc. Class A | 0.25% | 8,025,099 | $103.5M | Add +156.9% |
| A Agilent Technologies Inc. | 0.25% | 769,897 | $103.4M | Add +345.9% |
| UBER Uber Technologies Inc. | 0.25% | 1,692,691 | $102.1M | Reduce -29.1% |
Options reported separately and not counted above: SPY puts ($296.7M), SPY calls ($296.7M), COIN puts ($161.8M), CCL puts ($159.9M), NCLH puts ($98.1M), ABNB puts ($80.7M), FRPT puts ($79.4M), QQQ puts ($69.7M), QQQ calls ($68.6M), SHAK puts ($64.1M), LITE puts ($62.6M), STX puts ($58.4M), and 54 more.
Other holdings (82): bonds, preferreds, convertibles and warrants · $2.0B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 1,423,084 | $123.7M | Add +103.3% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 96,464,000 | $115.8M | No change |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 34,585,000 | $91.3M | Reduce -45.8% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 2,002,271 | $81.9M | Add +657.1% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 59,150,000 | $78.4M | New |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 1,627,035 | $74.2M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 1,668,133 | $67.9M | Add +37.7% |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 58,612,000 | $61.3M | Reduce -12.6% |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 42,407,000 | $60.5M | Add +13.3% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 55,254,000 | $59.9M | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 20,700,000 | $59.2M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 52,893,000 | $54.9M | Add +14.1% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 44,584,000 | $52.2M | Add +15.5% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 1,003,071 | $49.9M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 48,672,000 | $47.0M | Add +11.9% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 34,400,000 | $46.2M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 45,500,000 | $46.1M | Add +78.4% |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | 30,720,000 | $41.5M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 40,392,000 | $40.6M | Add +13.5% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 28,088,000 | $38.2M | Add +14.2% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 575,553 | $36.1M | Add +55.0% |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 25,365,000 | $33.0M | Add +110.7% |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 32,495,000 | $31.3M | Add +10.2% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 512,732 | $31.2M | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 29,227,000 | $29.3M | Reduce -44.0% |
| BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) | NOTE 8.500% 8/1 · principal | 10,337,000 | $28.7M | Add +26.8% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 27,378,000 | $28.1M | Add +87.8% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 30,440,000 | $27.2M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 27,800,000 | $26.1M | Add +1.5% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 19,950,000 | $23.3M | New |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 21,699,000 | $22.5M | Reduce -2.7% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 22,000,000 | $21.2M | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 295,953 | $20.9M | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 7,569,000 | $19.0M | Reduce -27.2% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 19,000,000 | $17.0M | New |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 17,000,000 | $16.7M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 16,000,000 | $16.0M | Reduce -12.0% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 12,500,000 | $15.8M | Reduce -16.7% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 17,012,000 | $15.8M | New |
| BROOKDALE SENIOR LIVING (BKD 7 11/15/25) | UNIT 11/15/2025 | 214,000 | $14.7M | Add +30.5% |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 14,500,000 | $14.4M | New |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 5,780,000 | $12.8M | Add +641.0% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 9,500,000 | $12.6M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 10,060,000 | $11.8M | Reduce -36.4% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 238,846 | $11.7M | Reduce -84.6% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 10,257,000 | $11.2M | Add +32.2% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 8,838,000 | $10.7M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 10,000,000 | $10.2M | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 3,804,000 | $9.9M | Reduce -39.7% |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 10,000,000 | $9.6M | New |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 11,000,000 | $9.4M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 10,000,000 | $9.3M | New |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 8,150,000 | $8.9M | Reduce -36.1% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 10,000,000 | $8.8M | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 5,541,000 | $8.3M | Reduce -80.6% |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 7,790,000 | $7.3M | Reduce -39.1% |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 5,863,000 | $7.0M | New |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 5,000,000 | $6.8M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 5,000,000 | $6.3M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 5,000,000 | $5.9M | New |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 12,500,000 | $5.8M | Reduce -64.3% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 5,809,000 | $5.6M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 5,138,000 | $5.4M | Reduce -44.8% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 5,000,000 | $5.3M | New |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 7,247,000 | $5.2M | Add +92.9% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 5,000,000 | $4.1M | New |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 4,328,000 | $4.0M | New |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 4,000,000 | $4.0M | New |
| BEYOND MEAT INC (BYND 0 03/15/27) | NOTE 3/1 · principal | 26,100,000 | $4.0M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 4,057,000 | $3.9M | Reduce -79.6% |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | 4,000,000 | $3.5M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 3,500,000 | $3.4M | Add +1.4% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 2,000,000 | $2.8M | New |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 3,500,000 | $2.7M | New |
| SEMTECH CORP (SMTC 4 11/01/28) | NOTE 4.000%11/0 · principal | 850,000 | $2.6M | New |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | 2,250,000 | $2.2M | New |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | 5,775,000 | $2.2M | Reduce -42.7% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 2,000,000 | $1.9M | New |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 1,590,000 | $1.5M | New |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 7,814 | $430K | New |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 187,500 | $28K | New |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 137,500 | $19K | New |
Total filed on the 13F, all lines: $43.5B.
Portfolio Sells Q3 2024 → Q4 2024
| MU Micron Technology Inc. | Reduce -98.8% | 0.01% | −0.63 |
| BMY Bristol-Myers Squibb Co. | Reduce -98.2% | 0.01% | −0.56 |
| TGT Target Corp. | Reduce -97.7% | 0.01% | −0.54 |
| AVGO Broadcom Inc. | Reduce -95.6% | 0.03% | −0.50 |
| MELI MercadoLibre Inc. | Reduce -93.4% | 0.03% | −0.48 |
| WFC Wells Fargo & Co. | Reduce -98.4% | 0.01% | −0.46 |
| EL Estee Lauder Companies Class A | Reduce -80.5% | 0.08% | −0.44 |
| ABT Abbott Laboratories | Reduce -84.2% | 0.08% | −0.43 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.43 |
| JD Jd.com Inc.-ADR | Reduce -64.6% | 0.19% | −0.41 |
| WDAY Workday Inc. Class A | Reduce -94.2% | 0.03% | −0.39 |
| SHW The Sherwin-Williams Co. | Reduce -89.4% | 0.04% | −0.36 |
| KLAC KLA Corp. | Reduce -58.1% | 0.19% | −0.34 |
| UPS United Parcel Service Class B | Reduce -60.5% | 0.20% | −0.33 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -72.7% | 0.15% | −0.31 |
| VST Vistra Corp. | Reduce -97.8% | 0.01% | −0.31 |
| PM Philip Morris International | Reduce -73.4% | 0.11% | −0.31 |
| APH Amphenol Corp. Class A | Reduce -82.9% | 0.07% | −0.30 |
| HON Honeywell International Inc. | Reduce -97.6% | 0.01% | −0.29 |
| CVS CVS Health Corp. | Reduce -46.9% | 0.19% | −0.29 |
| TJX TJX Companies Inc. | Reduce -86.9% | 0.04% | −0.28 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -27.6% | 0.89% | −0.27 |
| BP BP PLC-Spons ADR | Reduce -79.1% | 0.07% | −0.27 |
| PFE Pfizer Inc. | Reduce -38.4% | 0.34% | −0.24 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.24 |
| FERG Ferguson Enterprises Inc. | Reduce -93.6% | 0.01% | −0.23 |
| ROST Ross Stores Inc. | Reduce -96.9% | 0.01% | −0.22 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.21 |
| NDAQ Nasdaq Inc. | Reduce -59.3% | 0.17% | −0.21 |
| AES AES Corp. | Reduce -65.0% | 0.06% | −0.21 |
| HUM Humana Inc. | Reduce -21.8% | 0.36% | −0.20 |
| JBL Jabil Inc. | Reduce -73.3% | 0.10% | −0.20 |
| DD Dupont DE Nemours Inc. | Reduce -66.3% | 0.08% | −0.19 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -58.6% | 0.09% | −0.19 |
| ICE Intercontinental Exchange Inc. | Reduce -31.6% | 0.36% | −0.19 |
| MNDY Monday.com Ltd. | Reduce -72.0% | 0.06% | −0.19 |
| ENPH Enphase Energy Inc. | Reduce -81.2% | 0.02% | −0.19 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -98.1% | 0.00% | −0.18 |
| BDX Becton Dickinson and Co. | Reduce -36.5% | 0.29% | −0.18 |
| WAB Wabtec Corp. | Reduce -64.7% | 0.11% | −0.18 |
| MDT Medtronic PLC | Reduce -58.4% | 0.11% | −0.18 |
| SPOT Spotify Technology SA | Reduce -45.4% | 0.38% | −0.18 |
| UBER Uber Technologies Inc. | Reduce -29.1% | 0.25% | −0.17 |
| NXPI NXP Semiconductors NV | Reduce -39.9% | 0.20% | −0.17 |
| TEAM Atlassian Corp. Class A | Reduce -61.0% | 0.27% | −0.17 |
| CAVA Cava Group Inc. | Reduce -24.7% | 0.40% | −0.17 |
| CMCSA Comcast Corp. Class A | Reduce -57.2% | 0.11% | −0.17 |
| TEL Te Connectivity PLC | Reduce -95.1% | 0.01% | −0.16 |
| URA Global X Uranium ETF | Sold out | 0.00% | −0.16 |
| RH RH | Reduce -88.2% | 0.03% | −0.16 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +7557.6% | 0.64% | +0.63 |
| TSLA Tesla Inc. | New | 0.58% | +0.58 |
| INTC Intel Corp. | New | 0.57% | +0.57 |
| SOFI Sofi Technologies Inc. | Add +442.8% | 0.59% | +0.54 |
| AMAT Applied Materials Inc. | Add +10767.6% | 0.53% | +0.52 |
| ABNB Airbnb Inc. Class A | New | 0.52% | +0.52 |
| META Meta Platforms Inc. Class A | Add +853.2% | 0.57% | +0.52 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +105.0% | 0.86% | +0.48 |
| IWF iShares Russell 1000 Growth | Add +79.9% | 0.93% | +0.46 |
| IVV iShares Core S&P 500 ETF | Add +119.3% | 0.80% | +0.45 |
| DHR Danaher Corp. | Add +316.7% | 0.57% | +0.41 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.39% | +0.39 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.38% | +0.38 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +164.3% | 0.57% | +0.37 |
| NEE Nextera Energy Inc. | Add +7433.4% | 0.37% | +0.36 |
| VTI VG Morningstar TS MKT ETF-US | Add +210.1% | 0.52% | +0.36 |
| HCA HCA Healthcare Inc. | Add +12016.0% | 0.34% | +0.33 |
| DG Dollar General Corp. | Add +323.1% | 0.43% | +0.32 |
| CNC Centene Corp. | Add +1788.1% | 0.33% | +0.31 |
| AXON Axon Enterprise Inc. | Add +84.4% | 0.46% | +0.30 |
| AMGN Amgen Inc. | Add +151.5% | 0.57% | +0.30 |
| NFLX Netflix Inc. | Add +49.8% | 0.60% | +0.29 |
| TWLO Twilio Inc. Class A | Add +1292.9% | 0.29% | +0.28 |
| DHI D.R. Horton Inc. | Add +1838.0% | 0.30% | +0.28 |
| ELV Elevance Health Inc. | Add +247.7% | 0.45% | +0.27 |
| RBLX Roblox Corp. Class A | Add +25.7% | 0.63% | +0.26 |
| ADBE Adobe Inc. | Add +128.7% | 0.49% | +0.25 |
| VIK Viking Holdings Ltd. | Add +1972.0% | 0.25% | +0.24 |
| XLV SS Health Care Select Sector | Add +56.9% | 0.79% | +0.24 |
| MRVL Marvell Technology Inc. | Add +743.7% | 0.25% | +0.23 |
| TOST Toast Inc. Class A | Add +914.5% | 0.25% | +0.23 |
| DAL Delta Air Lines Inc. | New | 0.23% | +0.23 |
| MCHP Microchip Technology Inc. | New | 0.22% | +0.22 |
| PEP Pepsico Inc. | Add +3499.4% | 0.23% | +0.22 |
| LNG Cheniere Energy Inc. | Add +31.6% | 0.56% | +0.22 |
| XLK SS Technology Select Sector | Add +33.9% | 0.71% | +0.21 |
| MCK McKesson Corp. | Add +548.3% | 0.23% | +0.20 |
| MPC Marathon Petroleum Corp. | New | 0.20% | +0.20 |
| IWB iShares Russell 1000 ETF | Add +175.8% | 0.29% | +0.19 |
| DUK Duke Energy Corp. | Add +411.9% | 0.24% | +0.19 |
| A Agilent Technologies Inc. | Add +345.9% | 0.25% | +0.19 |
| LLY Eli Lilly & Co. | Add +61.6% | 0.60% | +0.19 |
| CEG Constellation Energy | Add +5322.0% | 0.19% | +0.18 |
| NCLH Norwegian Cruise Line Holdin | Add +23.1% | 0.49% | +0.18 |
| MRSH Marsh & McLennan Cos | Add +195.0% | 0.27% | +0.18 |
| PANW Palo Alto Networks Inc. | Add +27326.2% | 0.18% | +0.18 |
| CRDO Credo Technology Group Holdi | Add +55.3% | 0.25% | +0.18 |
| FANG Diamondback Energy Inc. | Add +5748.3% | 0.18% | +0.17 |
| IBKR Interactive Brokers Gro Class A | Add +343.9% | 0.21% | +0.17 |
| HUBS HubSpot Inc. | Add +156.1% | 0.24% | +0.17 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +17358.6% | 506,300 | $296.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +1380.4% | 506,300 | $296.7M |
| COIN Coinbase Global Inc. Class A | put | Reduce -0.1% | 651,600 | $161.8M |
| CCL Carnival Corp. | put | Add +0.6% | 6,416,100 | $159.9M |
| NCLH Norwegian Cruise Line Holdin | put | Add +0.0% | 3,812,600 | $98.1M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 136,300 | $69.7M |
| QQQ Invesco QQQ Trust Series 1 | call | New | 134,200 | $68.6M |
| SHAK Shake Shack Inc. Class A | put | Add +2.0% | 493,500 | $64.1M |
| LITE Lumentum Holdings Inc. | put | Add +0.0% | 745,900 | $62.6M |
| BURL Burlington Stores Inc. | put | Reduce -0.1% | 193,700 | $55.2M |
| RIVN Rivian Automotive Inc. Class A | put | Add +4.6% | 4,105,100 | $54.6M |
| SMTC Semtech Corp. | put | Reduce -6.5% | 861,200 | $53.3M |
| SPR Spirit Aerosystems Hold Class A | put | Add +55.8% | 1,117,100 | $38.1M |
| STWD Starwood Property Trust Inc. | put | Add +1.3% | 1,944,300 | $36.8M |
| AXON Axon Enterprise Inc. | put | Reduce -19.0% | 42,700 | $25.4M |
| TLT iShares 20+ Year Treasury BD | put | Add +7793.1% | 228,900 | $20.0M |
| BXMT Blackstone Mortgage Tru Class A | put | Add +0.1% | 1,128,100 | $19.6M |
| TLT iShares 20+ Year Treasury BD | call | Add +7351.7% | 216,100 | $18.9M |
| WKC World Kinect Corp. | put | Sold out | 603,000 | $18.6Mbefore exit |
| CHTR Charter Communications Inc. Class A | put | Add +2.1% | 54,100 | $18.5M |
| UGI Ugi Corp. | put | Add +8.7% | 623,800 | $17.6M |
| MP MP Materials Corp. | put | Add +3.1% | 1,004,400 | $15.7M |
| NEE Nextera Energy Inc. | call | New | 209,200 | $15.0M |
| MARA Mara Holdings Inc. | put | New | 870,300 | $14.6M |
| CENX Century Aluminum Company | put | Add +0.0% | 542,200 | $9.9M |
| BTDR Bitdeer Technologies Group-A | put | Add +67.5% | 409,600 | $8.9M |
| MSFT Microsoft Corp. | call | Sold out | 20,000 | $8.6Mbefore exit |
| PCG P G & E Corp. | put | Add +8.8% | 310,800 | $6.3M |
| SBSW Sibanye-Stillwater Ltd.-ADR | put | Add +6.2% | 1,810,600 | $6.0M |
| Z Zillow Group Inc. Class C | call | Add +60.7% | 78,100 | $5.8M |
| BYND Beyond Meat Inc. | put | Reduce -26.0% | 1,365,000 | $5.1M |
| HLF Herbalife Ltd. | put | Reduce -44.8% | 740,800 | $5.0M |
| NBR Nabors Industries Ltd. | put | Sold out | 75,400 | $4.9Mbefore exit |
| WOLF Wolfspeed Inc. | put | Reduce -22.7% | 680,000 | $4.5M |
| DXCM Dexcom Inc. | put | Sold out | 54,800 | $3.7Mbefore exit |
| IDCC Interdigital Inc. | put | Sold out | 23,800 | $3.4Mbefore exit |
| NOVAQ Sunnova Energy International | put | Reduce -41.7% | 846,000 | $2.9M |
| GES Guess? Inc. | put | Add +29.3% | 192,100 | $2.7M |
| PMT Pennymac Mortgage Investment | put | Add +35.7% | 209,200 | $2.6M |
| ENOV Enovis Corp. | put | Sold out | 50,900 | $2.2Mbefore exit |
| ETSY Etsy Inc. | put | New | 26,200 | $1.4M |
| SMH Vaneck Semiconductor ETF | call | Sold out | 5,200 | $1.3Mbefore exit |
| SMH Vaneck Semiconductor ETF | put | Sold out | 5,200 | $1.3Mbefore exit |
| BFH Bread Financial Holdings Inc. | put | Sold out | 19,500 | $928Kbefore exit |
| JBLU Jetblue Airways Corp. | put | Add +39.7% | 113,600 | $893K |
| BABA Alibaba Group Holding-SP ADR | put | New | 10,000 | $848K |
| RBC RBC Bearings Inc. | put | Sold out | 1,400 | $419Kbefore exit |
| IWM iShares Russell 2000 ETF | call | New | 1,800 | $398K |
| IWM iShares Russell 2000 ETF | put | New | 1,800 | $398K |
| CORZ Core Scientific Inc. | put | New | 15,200 | $214K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +103.3% | 1,423,084 | $123.7M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Reduce -45.8% | 34,585,000 | $91.3M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +657.1% | 2,002,271 | $81.9M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 59,150,000 | $78.4M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | New | 1,627,035 | $74.2M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +37.7% | 1,668,133 | $67.9M |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Reduce -12.6% | 58,612,000 | $61.3M |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Add +13.3% | 42,407,000 | $60.5M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 55,254,000 | $59.9M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Add +14.1% | 52,893,000 | $54.9M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Add +15.5% | 44,584,000 | $52.2M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 1,003,071 | $49.9M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +11.9% | 48,672,000 | $47.0M |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | New | 34,400,000 | $46.2M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +78.4% | 45,500,000 | $46.1M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | New | 30,720,000 | $41.5M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +13.5% | 40,392,000 | $40.6M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +14.2% | 28,088,000 | $38.2M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +55.0% | 575,553 | $36.1M |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | Add +110.7% | 25,365,000 | $33.0M |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | Add +10.2% | 32,495,000 | $31.3M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 512,732 | $31.2M |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | Reduce -44.0% | 29,227,000 | $29.3M |
| BITDEER TECHNOLOGIES GRP (BTDR 8.5 08/15/29) | NOTE 8.500% 8/1 · principal | Add +26.8% | 10,337,000 | $28.7M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +87.8% | 27,378,000 | $28.1M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 30,440,000 | $27.2M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Add +1.5% | 27,800,000 | $26.1M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Sold out | 24,364,000 | $23.6Mbefore exit |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | New | 19,950,000 | $23.3M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Reduce -2.7% | 21,699,000 | $22.5M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | New | 22,000,000 | $21.2M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | New | 295,953 | $20.9M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -27.2% | 7,569,000 | $19.0M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 19,000,000 | $17.0M |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | New | 17,000,000 | $16.7M |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | Sold out | 11,000,000 | $16.2Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -12.0% | 16,000,000 | $16.0M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Reduce -16.7% | 12,500,000 | $15.8M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | New | 17,012,000 | $15.8M |
| BROOKDALE SENIOR LIVING (BKD 7 11/15/25) | UNIT 11/15/2025 | Add +30.5% | 214,000 | $14.7M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | New | 14,500,000 | $14.4M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Sold out | 15,200,000 | $13.1Mbefore exit |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | Add +641.0% | 5,780,000 | $12.8M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | New | 9,500,000 | $12.6M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Sold out | 12,500,000 | $12.0Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -36.4% | 10,060,000 | $11.8M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -84.6% | 238,846 | $11.7M |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | Add +32.2% | 10,257,000 | $11.2M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | New | 8,838,000 | $10.7M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 10,000,000 | $10.2M |
Showing the first 50 of 131.
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 | 3,799 | $127.4B | AMZN, NVDA, AAPL, TSLA, BRK.B |
| Q1 2026 | 3,574 | $116.3B | NVDA, AAPL, AMZN, GOOGL, TSLA |
| Q4 2025 | 3,362 | $63.3B | XLY, XLK, VUG, IWF, QQQ |
| Q3 2025 | 3,263 | $62.0B | SPY, XLF, XLP, VUG, QQQ |
| Q2 2025 | 3,011 | $53.2B | QQQ, SPY, IWF, VUG, XLK |
| Q1 2025 | 3,022 | $44.1B | SPY, XLK, QQQ, VUG, IWF |
| Q4 2024 | 3,013 | $41.4B | IWF, QQQ, SPY, VUG, IVV |
| Q3 2024 | 2,925 | $42.8B | SPY, QQQ, DASH, MU, AAPL |
| Q2 2024 | 2,814 | $40.7B | SPY, QQQ, AAPL, META, MSFT |
| Q1 2024 | 2,828 | $39.5B | SPY, QQQ, MU, NFLX, META |