Two Sigma Investments, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Two Sigma Investments, LP reported 3,362 stock positions worth $63.3 billion. Its top holding was SS Consumer Disc Select Sect (XLY) at 0.6% of the portfolio, followed by SS Technology Select Sector (XLK, 0.6%) and Vanguard Mrngstar GR ETF-Sui (VUG, 0.6%). Compared with Q3 2025, it opened 525 new positions, sold out of 428, added to 1,440 and reduced 1,247. The biggest buy was SS Technology Select Sector (XLK, shares +4044%) and the biggest sale SS Financial Select Sector (XLF, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001179392
- Portfolio Value
- $63.3B (Q4 2025)
- SEC Filing
- 0000899140-26-000232 ↗ filed Feb 17, 2026
Holdings Value
Holdings 3,362 stocks · $63.3B
| XLY SS Consumer Disc Select Sect | 0.64% | 3,383,220 | $404.0M | Add +380.2% |
| XLK SS Technology Select Sector | 0.64% | 2,801,547 | $403.3M | Add +4044.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.63% | 816,840 | $398.5M | Reduce -5.7% |
| IWF iShares Russell 1000 Growth | 0.61% | 813,789 | $385.2M | Add +38.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.51% | 523,077 | $321.3M | Reduce -22.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.50% | 464,197 | $316.5M | Reduce -54.5% |
| VNQ Vanguard Real Estate ETF | 0.50% | 3,573,400 | $316.2M | New |
| MU Micron Technology Inc. | 0.47% | 1,039,889 | $296.8M | Reduce -39.0% |
| AMD Advanced Micro Devices | 0.45% | 1,342,291 | $287.5M | Reduce -10.6% |
| PLTR Palantir Technologies Inc. Class A | 0.44% | 1,564,360 | $278.1M | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 0.42% | 392,760 | $269.0M | Reduce -21.6% |
| GM General Motors Co. | 0.42% | 3,302,035 | $268.5M | Reduce -7.0% |
| AMZN Amazon.com Inc. | 0.42% | 1,148,237 | $265.0M | Reduce -5.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.42% | 868,449 | $263.9M | Add +0.5% |
| ISRG Intuitive Surgical Inc. | 0.41% | 459,879 | $260.5M | Reduce -16.5% |
| MSFT Microsoft Corp. | 0.41% | 538,234 | $260.3M | Add +4.5% |
| RIVN Rivian Automotive Inc. Class A | 0.41% | 13,203,484 | $260.2M | Reduce -21.4% |
| ABNB Airbnb Inc. Class A | 0.41% | 1,913,495 | $259.7M | Add +0.7% |
| ADBE Adobe Inc. | 0.41% | 741,976 | $259.7M | Add +5.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 1,680,630 | $258.2M | Add +1.2% |
| SCHW Schwab (charles) Corp. | 0.41% | 2,579,155 | $257.7M | Add +0.9% |
| TSLA Tesla Inc. | 0.40% | 568,358 | $255.6M | Add +1.3% |
| MA Mastercard Inc. Class A | 0.40% | 441,496 | $252.0M | Add +11.5% |
| BMY Bristol-Myers Squibb Co. | 0.40% | 4,662,042 | $251.5M | Reduce -14.5% |
| IBB iShares Biotechnology ETF | 0.39% | 1,475,007 | $248.9M | Add +2144.8% |
| NET Cloudflare Inc. Class A | 0.39% | 1,257,598 | $247.9M | Add +1.7% |
| SOFI Sofi Technologies Inc. | 0.39% | 9,446,103 | $247.3M | Add +7.3% |
| NOW ServiceNow Inc. | 0.39% | 1,613,364 | $247.2M | Add +5786.0% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.39% | 616,120 | $245.0M | Add +3.4% |
| SCHH Schwab US REIT ETF | 0.39% | 11,681,437 | $244.0M | New |
| RBLX Roblox Corp. Class A | 0.38% | 3,007,272 | $243.7M | Add +77.6% |
| AAPL Apple Inc. | 0.38% | 891,843 | $242.5M | Reduce -1.4% |
| TMUS T-Mobile US Inc. | 0.38% | 1,183,865 | $240.4M | Add +17.5% |
| BSX Boston Scientific Corp. | 0.37% | 2,471,344 | $235.6M | Reduce -2.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.37% | 2,492,600 | $234.7M | Reduce -8.8% |
| LMT Lockheed Martin Corp. | 0.37% | 484,515 | $234.3M | Reduce -11.8% |
| MRSH Marsh & McLennan Cos | 0.37% | 1,249,912 | $231.9M | Add +13.6% |
| XLRE SS Real Estate Select Sector | 0.37% | 5,735,700 | $231.4M | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.36% | 6,044,135 | $229.4M | Add +171.8% |
| SMH Vaneck Semiconductor ETF | 0.36% | 636,751 | $229.3M | New |
| AMGN Amgen Inc. | 0.36% | 700,388 | $229.2M | Add +816.4% |
| CTAS Cintas Corp. | 0.36% | 1,217,532 | $229.0M | Add +19.8% |
| IBKR Interactive Brokers Gro Class A | 0.36% | 3,526,821 | $226.8M | Reduce -1.4% |
| MSI Motorola Solutions Inc. | 0.36% | 590,173 | $226.2M | Add +118.9% |
| NVDA Nvidia Corp. | 0.35% | 1,205,691 | $224.9M | Reduce -16.7% |
| COST Costco Wholesale Corp. | 0.35% | 259,124 | $223.5M | Add +3.3% |
| GH Guardant Health Inc. | 0.35% | 2,171,903 | $221.8M | Add +20.4% |
| AER Aercap Holdings NV | 0.35% | 1,538,896 | $221.2M | Reduce -3.0% |
| RSG Republic Services Inc. | 0.35% | 1,043,844 | $221.2M | Add +11.8% |
| SE Sea Ltd.-ADR | 0.34% | 1,710,686 | $218.2M | Add +38.9% |
| ARGX Argenx SE - ADR | 0.34% | 258,556 | $217.4M | Reduce -12.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 432,154 | $217.2M | Add +14.0% |
| REGN Regeneron Pharmaceuticals | 0.34% | 281,151 | $217.0M | Reduce -40.2% |
| MRNA Moderna Inc. | 0.34% | 7,342,096 | $216.5M | Reduce -2.5% |
| ON On Semiconductor | 0.34% | 3,993,366 | $216.2M | Add +6.5% |
| PGR Progressive Corp. | 0.34% | 946,277 | $215.5M | Add +1.9% |
| LRCX Lam Research Corp. | 0.34% | 1,257,457 | $215.3M | Reduce -17.7% |
| XBI SS SPDR S&P Biotech ETF | 0.34% | 1,762,600 | $214.9M | Add +21136.1% |
| MSCI MSCI Inc. | 0.34% | 372,616 | $213.8M | Add +102.5% |
| ANET Arista Networks Inc. | 0.34% | 1,630,792 | $213.7M | Add +22.5% |
| AMT American Tower Corp. | 0.34% | 1,216,424 | $213.6M | Add +51.1% |
| KMB Kimberly-Clark Corp. | 0.34% | 2,116,203 | $213.5M | Add +3134.9% |
| UNP Union Pacific Corp. | 0.33% | 912,198 | $211.0M | Reduce -11.4% |
| IONS Ionis Pharmaceuticals Inc. | 0.33% | 2,658,646 | $210.3M | Add +68.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.33% | 12,542,124 | $210.0M | Reduce -18.7% |
| PG The Procter & Gamble Co. | 0.33% | 1,463,914 | $209.8M | Add +4.7% |
| EQIX Equinix Inc. | 0.33% | 272,870 | $209.1M | Add +451.0% |
| AME Ametek Inc. | 0.33% | 1,010,471 | $207.5M | Add +49.1% |
| IYW iShares Ustechnology ETF | 0.33% | 1,038,224 | $207.3M | Add +84.4% |
| VRSK Verisk Analytics Inc. | 0.33% | 924,687 | $206.8M | Add +43.2% |
| GDDY GoDaddy Inc. Class A | 0.33% | 1,663,619 | $206.4M | Add +2.0% |
| W Wayfair Inc. Class A | 0.32% | 2,036,019 | $204.4M | Add +6.6% |
| V Visa Inc. Class A | 0.32% | 573,459 | $201.1M | Reduce -0.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.32% | 2,180,476 | $200.5M | Add +321.2% |
| C Citigroup Inc. | 0.32% | 1,717,333 | $200.4M | Add +67.5% |
| ROKU Roku Inc. | 0.32% | 1,840,257 | $199.6M | Reduce -15.3% |
| RL Ralph Lauren Corp. | 0.31% | 563,947 | $199.4M | Add +55.8% |
| WM Waste Management Inc. | 0.31% | 906,222 | $199.1M | Reduce -12.8% |
| MS Morgan Stanley | 0.31% | 1,116,813 | $198.3M | Reduce -9.6% |
| MCD McDonald's Corp. | 0.31% | 646,254 | $197.5M | Add +4204.3% |
| VLO Valero Energy Corp. | 0.31% | 1,212,710 | $197.4M | Reduce -5.5% |
| F Ford Motor Co. filed as FORD MTR CO | 0.31% | 14,888,265 | $195.3M | Add +2295.0% |
| AAL American Airlines Group Inc. | 0.30% | 12,582,898 | $192.9M | Reduce -8.0% |
| WCN Waste Connections Inc. | 0.30% | 1,079,135 | $189.2M | Reduce -14.6% |
| ETN Eaton Corp. PLC | 0.30% | 591,926 | $188.5M | New |
| SPLV Invesco S&P 500 Low Volatili | 0.30% | 2,634,200 | $188.1M | Add +82.6% |
| FCX Freeport-McMoran Inc. | 0.30% | 3,687,307 | $187.3M | Add +2960.7% |
| DELL Dell Technologies -C | 0.29% | 1,474,392 | $185.6M | Add +72.0% |
| DG Dollar General Corp. | 0.29% | 1,389,179 | $184.4M | Reduce -4.4% |
| CB Chubb Ltd. | 0.29% | 586,031 | $182.9M | Reduce -28.9% |
| HPE Hewlett Packard Enterprise | 0.29% | 7,589,011 | $182.3M | New |
| T AT&T Inc. | 0.29% | 7,334,980 | $182.2M | New |
| KEY Keycorp | 0.28% | 8,734,526 | $180.3M | Add +144.8% |
| AKAM Akamai Technologies Inc. | 0.28% | 2,048,557 | $178.7M | Add +212.3% |
| ALB Albemarle Corp. | 0.28% | 1,261,458 | $178.4M | Reduce -27.2% |
| BA The Boeing Co. | 0.28% | 808,931 | $175.6M | Add +2830.9% |
| TXN Texas Instruments Inc. | 0.27% | 996,205 | $172.8M | Add +3173.2% |
| HEI Heico Corp. | 0.27% | 531,566 | $172.0M | Reduce -4.8% |
| SNDK Sandisk Corp. | 0.27% | 715,225 | $169.8M | Add +174.7% |
| ACGL Arch Capital Group Ltd. | 0.27% | 1,762,575 | $169.1M | Reduce -7.0% |
Options reported separately and not counted above: LITE puts ($133.7M), BRK.B puts ($116.1M), RIVN puts ($113.9M), BRK.B calls ($111.1M), STX puts ($81.9M), GOOGL puts ($78.9M), META puts ($77.8M), META calls ($74.5M), GOOGL calls ($74.2M), NVDA puts ($71.7M), AAPL calls ($68.2M), NVDA calls ($66.3M), and 562 more.
Other holdings (105): bonds, preferreds, convertibles and warrants · $3.7B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 102,516,000 | $342.4M | Add +18.4% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 62,584,000 | $286.9M | Reduce -8.1% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 52,500,000 | $176.3M | Add +75.3% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 2,734,758 | $162.4M | Add +106.2% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 27,027,000 | $125.8M | Add +12.6% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 88,500,000 | $107.7M | New |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 18,065,000 | $96.0M | Reduce -7.4% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 85,931,000 | $88.3M | Reduce -2.6% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 61,997,000 | $87.5M | Add +50.2% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 55,100,000 | $85.6M | Reduce -15.4% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 75,552,000 | $84.6M | Add +51.0% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 55,510,000 | $69.7M | Add +4.0% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 62,725,000 | $64.8M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 55,000,000 | $57.1M | New |
| CNX RESOURCES CORP (CNX 2.25 05/01/26) | NOTE 2.250% 5/0 · principal | 18,550,000 | $53.1M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 53,372,000 | $52.7M | Add +173.7% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 35,000,000 | $52.3M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 44,246,000 | $51.6M | Reduce -2.8% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 31,860,000 | $50.8M | Add +45.8% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 55,400,000 | $49.7M | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 606,373 | $48.5M | Add +14.0% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 43,449,000 | $48.5M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 30,250,000 | $48.0M | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 38,999,000 | $47.9M | Add +30.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 32,000,000 | $46.5M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 36,017,000 | $44.7M | New |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | 778,698 | $42.8M | New |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 27,730,000 | $41.1M | Add +23.4% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 34,707,000 | $39.4M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 33,000,000 | $38.1M | No change |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 32,300,000 | $37.6M | Add +14.1% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 35,881,000 | $36.0M | Add +170.7% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 33,000,000 | $35.8M | Add +17.9% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 30,500,000 | $33.4M | Reduce -7.6% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 427,626 | $32.3M | Reduce -43.0% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 27,302,000 | $32.3M | Reduce -15.5% |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | 30,000,000 | $31.5M | Reduce -7.7% |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 14,857,000 | $30.8M | Add +112.2% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 32,500,000 | $28.9M | Add +25.0% |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 11,905,000 | $28.0M | Reduce -33.5% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 20,500,000 | $27.5M | No change |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 20,000,000 | $27.4M | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 25,000,000 | $27.1M | Add +66.7% |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | 34,000,000 | $26.7M | New |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 18,000,000 | $24.8M | Add +38.5% |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 30,126,000 | $24.2M | Add +169.7% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 473,690 | $23.9M | Reduce -55.7% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 21,000,000 | $22.6M | Reduce -26.3% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 22,813,000 | $22.5M | New |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 14,085,000 | $20.0M | Reduce -66.1% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 19,307,000 | $19.9M | New |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 20,500,000 | $19.8M | Add +13.9% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 291,361 | $19.4M | Add +1.4% |
| HERTZ CORP/THE (HTZ 8 07/15/29) | NOTE 8.000% 7/1 · principal | 17,140,999 | $19.4M | Add +7.9% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 12,500,000 | $19.3M | Reduce -35.6% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 19,000,000 | $18.8M | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 17,250,000 | $17.4M | Add +72.5% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 15,750,000 | $16.8M | Add +61.5% |
| SUNRUN INC (RUN 4 03/01/30) | NOTE 4.000% 3/0 · principal | 11,667,000 | $16.5M | Add +76.3% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 6,000,000 | $16.4M | No change |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 16,000,000 | $16.3M | New |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | 13,435,000 | $16.2M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 16,500,000 | $16.2M | New |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 13,869,000 | $14.9M | Add +47.1% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 3,608,000 | $14.9M | Reduce -12.3% |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 10,000,000 | $14.9M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 13,278,000 | $14.3M | New |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 12,295,000 | $14.2M | Reduce -50.9% |
| WISDOMTREE INC (WT 3.25 08/15/29) | NOTE 3.250% 8/1 · principal | 11,526,000 | $13.8M | No change |
| MARA HOLDINGS INC (MARA 2.125 09/01/31) | NOTE 2.125% 9/0 · principal | 16,919,000 | $13.6M | Add +148.8% |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 13,000,000 | $13.2M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 8,500,000 | $12.1M | New |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 11,950,000 | $11.4M | Reduce -44.4% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 12,000,000 | $11.0M | Reduce -41.0% |
| AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) | NOTE 0.750%12/1 · principal | 9,700,000 | $10.7M | New |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 10,000,000 | $10.6M | Add +90.5% |
| BLACKBERRY LTD (BBCN 3 02/15/29) | NOTE 3.000% 2/1 · principal | 8,140,000 | $10.2M | Add +7.4% |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 10,000,000 | $10.2M | New |
| PURECYCLE TECHNOLOGIES (PCT 7.25 08/15/30) | NOTE 7.250% 8/1 · principal | 10,000,000 | $10.0M | Add +11.1% |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 10,000,000 | $9.9M | No change |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 9,508,000 | $9.4M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 7,000,000 | $9.3M | New |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 8,100,000 | $9.1M | New |
| CLEANSPARK INC (CLSK 0 06/15/30) | NOTE 6/1 · principal | 8,648,000 | $8.9M | New |
| BEYOND MEAT INC (BYND 7 10/15/30) | DEBT 10/1 · principal | 11,099,000 | $8.5M | New |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 6,415,000 | $7.0M | Add +18.5% |
| T1 ENERGY INC (TE 5.25 12/01/30) | NOTE 5.250%12/0 · principal | 5,000,000 | $6.4M | New |
| UPSTART HOLDINGS INC (UPST 2 10/01/29) | NOTE 2.000%10/0 · principal | 5,000,000 | $6.3M | New |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,000,000 | $6.1M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 5,000,000 | $5.5M | Reduce -85.7% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 99,377 | $5.5M | Reduce -66.1% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 6,000,000 | $5.3M | New |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 5,290,000 | $5.2M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 110,314 | $4.5M | New |
| FORTUNA MINING CORP (FVICN 3.75 06/30/29) | NOTE 3.750% 6/3 · principal | 2,500,000 | $4.2M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 3,955,000 | $3.7M | New |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 2,500,000 | $3.5M | New |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 11,833,000 | $3.5M | New |
| MARA HOLDINGS INC (MARA 0 06/01/31) | NOTE 6/0 · principal | 4,000,000 | $3.3M | New |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 1,000,000 | $2.0M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 1,754,000 | $2.0M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 1,750,000 | $1.6M | No change |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | NOTE 2.750% 5/0 · principal | 750,000 | $745K | Reduce -97.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 7,809 | $404K | New |
| WSTNR Westin Acquisition Corp.-RTS | RIGHT 09/17/2030 | 90,625 | $16K | New |
Total filed on the 13F, all lines: $67.1B.
Portfolio Sells Q3 2025 → Q4 2025
| XLF SS Financial Select Sector | Reduce -94.9% | 0.05% | −0.89 |
| XLP SS Consumer Staples Sel Sect | Reduce -91.7% | 0.06% | −0.73 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -54.5% | 0.50% | −0.60 |
| QUAL iShares MSCI USA Quality Fac | Reduce -78.8% | 0.13% | −0.48 |
| NBIS Nebius Group NV | Reduce -96.3% | 0.01% | −0.42 |
| META Meta Platforms Inc. Class A | Reduce -97.4% | 0.01% | −0.40 |
| KRE SS SPDR S&P Regional Bank | Reduce -99.3% | 0.00% | −0.40 |
| WMT Walmart Inc. | Reduce -97.4% | 0.01% | −0.39 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.39 |
| BAC Bank of America Corp. | Reduce -91.8% | 0.04% | −0.38 |
| IREN Iren Ltd. | Reduce -94.9% | 0.02% | −0.37 |
| CRM Salesforce Inc. | Reduce -97.6% | 0.01% | −0.37 |
| GOOGL Alphabet Inc. Class A | Reduce -97.3% | 0.01% | −0.37 |
| ACN Accenture PLC Class A | Reduce -97.2% | 0.01% | −0.37 |
| QCOM Qualcomm Inc. | Reduce -97.8% | 0.01% | −0.35 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.33 |
| DHR Danaher Corp. | Reduce -97.2% | 0.01% | −0.33 |
| MELI MercadoLibre Inc. | Reduce -96.2% | 0.01% | −0.30 |
| CAT Caterpillar Inc. | Reduce -96.7% | 0.01% | −0.30 |
| GS Goldman Sachs Group Inc. | Reduce -86.7% | 0.05% | −0.30 |
| CRDO Credo Technology Group Holdi | Reduce -90.8% | 0.03% | −0.29 |
| SYK Stryker Corp. | Reduce -83.9% | 0.05% | −0.28 |
| AEP American Electric Power | Reduce -85.7% | 0.05% | −0.28 |
| JNJ Johnson & Johnson | Reduce -96.7% | 0.01% | −0.27 |
| MRK Merck & Co. Inc. | Reduce -96.2% | 0.01% | −0.25 |
| CELH Celsius Holdings Inc. | Reduce -85.4% | 0.03% | −0.25 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.24 |
| ADSK Autodesk Inc. | Reduce -88.5% | 0.03% | −0.24 |
| HUM Humana Inc. | Reduce -97.6% | 0.01% | −0.23 |
| ALAB Astera Labs Inc. | Reduce -49.9% | 0.17% | −0.23 |
| LLY Eli Lilly & Co. | Reduce -93.5% | 0.02% | −0.23 |
| DE Deere & Co. | Reduce -95.3% | 0.01% | −0.22 |
| HON Honeywell International Inc. | Reduce -49.7% | 0.18% | −0.21 |
| ODFL Old Dominion Freight Line | Reduce -62.5% | 0.15% | −0.21 |
| CPNG Coupang Inc. | Reduce -69.7% | 0.06% | −0.21 |
| JPM JPMorgan Chase & Co. | Reduce -50.4% | 0.20% | −0.21 |
| GEV GE Vernova Inc. | Reduce -51.9% | 0.20% | −0.20 |
| DASH DoorDash Inc. Class A | Reduce -99.7% | 0.00% | −0.20 |
| FISV Fiserv Inc. | Reduce -16.3% | 0.15% | −0.20 |
| ZS Zscaler Inc. | Reduce -63.9% | 0.07% | −0.20 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -60.4% | 0.15% | −0.20 |
| FDX FedEx Corp. | Reduce -94.9% | 0.01% | −0.20 |
| KBE SS SPDR S&P Bank ETF | Reduce -99.3% | 0.00% | −0.19 |
| CLX Clorox Company | Reduce -39.5% | 0.17% | −0.18 |
| EAT Brinker International Inc. | Reduce -93.1% | 0.01% | −0.18 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -62.0% | 0.11% | −0.17 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -51.0% | 0.16% | −0.17 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -42.5% | 0.22% | −0.17 |
| WDC Western Digital Corp. | Reduce -75.8% | 0.08% | −0.16 |
| TFC Truist Financial Corp. | Reduce -92.1% | 0.01% | −0.16 |
Portfolio Buys Q3 2025 → Q4 2025
| XLK SS Technology Select Sector | Add +4044.3% | 0.64% | +0.62 |
| XLY SS Consumer Disc Select Sect | Add +380.2% | 0.64% | +0.50 |
| VNQ Vanguard Real Estate ETF | New | 0.50% | +0.50 |
| SCHH Schwab US REIT ETF | New | 0.39% | +0.39 |
| NOW ServiceNow Inc. | Add +5786.0% | 0.39% | +0.38 |
| IBB iShares Biotechnology ETF | Add +2144.8% | 0.39% | +0.38 |
| XLRE SS Real Estate Select Sector | New | 0.37% | +0.37 |
| SMH Vaneck Semiconductor ETF | New | 0.36% | +0.36 |
| XBI SS SPDR S&P Biotech ETF | Add +21136.1% | 0.34% | +0.34 |
| AMGN Amgen Inc. | Add +816.4% | 0.36% | +0.33 |
| KMB Kimberly-Clark Corp. | Add +3134.9% | 0.34% | +0.32 |
| MCD McDonald's Corp. | Add +4204.3% | 0.31% | +0.30 |
| ETN Eaton Corp. PLC | New | 0.30% | +0.30 |
| F Ford Motor Co. | Add +2295.0% | 0.31% | +0.30 |
| FCX Freeport-McMoran Inc. | Add +2960.7% | 0.30% | +0.29 |
| HPE Hewlett Packard Enterprise | New | 0.29% | +0.29 |
| T AT&T Inc. | New | 0.29% | +0.29 |
| BA The Boeing Co. | Add +2830.9% | 0.28% | +0.27 |
| EQIX Equinix Inc. | Add +451.0% | 0.33% | +0.27 |
| TXN Texas Instruments Inc. | Add +3173.2% | 0.27% | +0.26 |
| IYR iShares US Real Estate ETF | New | 0.25% | +0.25 |
| AZN Astrazeneca PLC-Spons ADR | Add +321.2% | 0.32% | +0.25 |
| UAL United Airlines Holdings Inc. | Add +3647.3% | 0.24% | +0.23 |
| CAH Cardinal Health Inc. | Add +425.2% | 0.26% | +0.22 |
| SNDK Sandisk Corp. | Add +174.7% | 0.27% | +0.22 |
| ORCL Oracle Corp. | Add +2374.1% | 0.23% | +0.21 |
| LEN Lennar Corp. Class A | Add +647.6% | 0.25% | +0.21 |
| AKAM Akamai Technologies Inc. | Add +212.3% | 0.28% | +0.20 |
| MOH Molina Healthcare Inc. | Add +857.6% | 0.23% | +0.20 |
| VTR Ventas Inc. | Add +3535.8% | 0.20% | +0.19 |
| AL Sumisho Air Lease Corp. | Add +796.7% | 0.22% | +0.19 |
| TTD Trade Desk Inc./the Class A | Add +171.8% | 0.36% | +0.19 |
| ROST Ross Stores Inc. | New | 0.18% | +0.18 |
| KEY Keycorp | Add +144.8% | 0.28% | +0.18 |
| AZO AutoZone Inc. | Add +3270.8% | 0.18% | +0.17 |
| ARM Arm Holdings PLC-ADR | Add +501.3% | 0.22% | +0.17 |
| MSCI MSCI Inc. | Add +102.5% | 0.34% | +0.17 |
| GH Guardant Health Inc. | Add +20.4% | 0.35% | +0.17 |
| IONS Ionis Pharmaceuticals Inc. | Add +68.7% | 0.33% | +0.17 |
| TRV The Travelers Cos Inc. | Add +4941.4% | 0.17% | +0.17 |
| IWF iShares Russell 1000 Growth | Add +38.7% | 0.61% | +0.16 |
| MSI Motorola Solutions Inc. | Add +118.9% | 0.36% | +0.16 |
| CRCL Circle Internet Group Inc. | Add +5026.5% | 0.16% | +0.15 |
| IYW iShares Ustechnology ETF | Add +84.4% | 0.33% | +0.15 |
| CMG Chipotle Mexican Grill Inc. | Add +2011.5% | 0.16% | +0.15 |
| C Citigroup Inc. | Add +67.5% | 0.32% | +0.15 |
| DDOG Datadog Inc. Class A | Add +1683.9% | 0.15% | +0.14 |
| NBIX Neurocrine Biosciences Inc. | Add +183.3% | 0.22% | +0.14 |
| VGT Vanguard Info Tech ETF | New | 0.14% | +0.14 |
| TER Teradyne Inc. | Add +1716.1% | 0.14% | +0.14 |
Options Activity Q3 2025 → Q4 2025
| LITE Lumentum Holdings Inc. | put | Reduce -28.4% | 362,700 | $133.7M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Add +5672.5% | 230,900 | $116.1M |
| RIVN Rivian Automotive Inc. Class A | put | Add +1.7% | 5,778,500 | $113.9M |
| BRK.B Berkshire Hathaway Inc. Class B | call | Add +4322.0% | 221,100 | $111.1M |
| STX Seagate Technology Holdings | put | Reduce -22.8% | 297,400 | $81.9M |
| GOOGL Alphabet Inc. Class A | put | Add +6202.5% | 252,100 | $78.9M |
| META Meta Platforms Inc. Class A | put | Add +5795.0% | 117,900 | $77.8M |
| META Meta Platforms Inc. Class A | call | Add +11180.0% | 112,800 | $74.5M |
| GOOGL Alphabet Inc. Class A | call | Add +4642.0% | 237,100 | $74.2M |
| NVDA Nvidia Corp. | put | Add +576.9% | 384,500 | $71.7M |
| AAPL Apple Inc. | call | Add +1155.0% | 251,000 | $68.2M |
| NVDA Nvidia Corp. | call | Add +550.7% | 355,300 | $66.3M |
| AAPL Apple Inc. | put | Add +1506.7% | 241,000 | $65.5M |
| MP MP Materials Corp. | put | Add +6.5% | 1,284,200 | $64.9M |
| GLD SPDR Gold Shares | put | New | 137,800 | $54.6M |
| GLD SPDR Gold Shares | call | New | 137,800 | $54.6M |
| SMCI Super Micro Computer Inc. | put | Add +484.4% | 1,499,700 | $43.9M |
| SPR Spirit Aerosystems Hold Class A | put | Sold out | 1,130,300 | $43.6Mbefore exit |
| HOOD Robinhood Markets Inc. Class A | put | Add +733.4% | 374,200 | $42.3M |
| TSLA Tesla Inc. | put | Add +368.8% | 93,300 | $42.0M |
| MARA Mara Holdings Inc. | put | Reduce -4.6% | 4,372,600 | $39.3M |
| PLTR Palantir Technologies Inc. Class A | put | Add +323.1% | 218,300 | $38.8M |
| HOOD Robinhood Markets Inc. Class A | call | Add +767.9% | 329,800 | $37.3M |
| PLTR Palantir Technologies Inc. Class A | call | Add +318.5% | 196,700 | $35.0M |
| BA The Boeing Co. | call | Add +7533.3% | 160,300 | $34.8M |
| BA The Boeing Co. | put | Add +7765.0% | 157,300 | $34.2M |
| SOFI Sofi Technologies Inc. | put | Add +1523.3% | 1,301,900 | $34.1M |
| DJT Trump Media & Technology Gro | put | Add +8.9% | 2,564,800 | $34.0M |
| TSLA Tesla Inc. | call | Add +465.4% | 73,500 | $33.1M |
| SMCI Super Micro Computer Inc. | call | Add +1462.5% | 1,062,500 | $31.1M |
| SOFI Sofi Technologies Inc. | call | Add +1744.8% | 1,180,700 | $30.9M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -55.2% | 44,700 | $30.5M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -55.9% | 44,000 | $30.0M |
| XOM Exxon Mobil Corp. | call | Add +373.2% | 236,600 | $28.5M |
| AXON Axon Enterprise Inc. | put | Add +10.5% | 47,200 | $26.8M |
| TLT iShares 20+ Year Treasury BD | call | Add +2788.5% | 300,400 | $26.2M |
| AMZN Amazon.com Inc. | put | Add +2080.0% | 109,000 | $25.2M |
| AMZN Amazon.com Inc. | call | Add +2004.0% | 105,200 | $24.3M |
| IWM iShares Russell 2000 ETF | put | New | 95,700 | $23.6M |
| IWM iShares Russell 2000 ETF | call | New | 92,400 | $22.7M |
| UNH Unitedhealth Group Inc. | put | New | 67,200 | $22.2M |
| RDDT Reddit Inc. Class A | put | Add +932.3% | 96,000 | $22.1M |
| GS Goldman Sachs Group Inc. | call | Add +1150.0% | 25,000 | $22.0M |
| GS Goldman Sachs Group Inc. | put | Add +1150.0% | 25,000 | $22.0M |
| CCL Carnival Corp. | put | Reduce -83.9% | 648,800 | $19.8M |
| UNH Unitedhealth Group Inc. | call | New | 59,000 | $19.5M |
| RDDT Reddit Inc. Class A | call | Add +948.8% | 83,900 | $19.3M |
| XOM Exxon Mobil Corp. | put | Add +255.7% | 156,500 | $18.8M |
| UGI Ugi Corp. | put | Sold out | 545,500 | $18.1Mbefore exit |
| LULU Lululemon Athletica Inc. | put | New | 87,200 | $18.1M |
Showing the first 50 of 611.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +18.4% | 102,516,000 | $342.4M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Reduce -8.1% | 62,584,000 | $286.9M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Sold out | 110,411,000 | $218.0Mbefore exit |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +75.3% | 52,500,000 | $176.3M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +106.2% | 2,734,758 | $162.4M |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | Add +12.6% | 27,027,000 | $125.8M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 88,500,000 | $107.7M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Reduce -7.4% | 18,065,000 | $96.0M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -2.6% | 85,931,000 | $88.3M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +50.2% | 61,997,000 | $87.5M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Reduce -15.4% | 55,100,000 | $85.6M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +51.0% | 75,552,000 | $84.6M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | Add +4.0% | 55,510,000 | $69.7M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Sold out | 50,500,000 | $61.5Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | New | 55,000,000 | $57.1M |
| SPIRIT AEROSYSTEMS INC (SPR 3.25 11/01/28) | NOTE 3.250%11/0 · principal | Sold out | 38,765,000 | $57.1Mbefore exit |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 43,675,000 | $54.4Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +173.7% | 53,372,000 | $52.7M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | New | 35,000,000 | $52.3M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Reduce -2.8% | 44,246,000 | $51.6M |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | Add +45.8% | 31,860,000 | $50.8M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 55,400,000 | $49.7M |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | Add +14.0% | 606,373 | $48.5M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | New | 43,449,000 | $48.5M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 30,250,000 | $48.0M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Add +30.0% | 38,999,000 | $47.9M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 36,017,000 | $44.7M |
| NOVANTA INC (NOVT 6.5 11/01/28) | UNIT 11/01/2028 | New | 778,698 | $42.8M |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | Add +23.4% | 27,730,000 | $41.1M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | New | 34,707,000 | $39.4M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Sold out | 37,672,000 | $39.0Mbefore exit |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | Add +14.1% | 32,300,000 | $37.6M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Sold out | 519,990 | $37.0Mbefore exit |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | Add +170.7% | 35,881,000 | $36.0M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Add +17.9% | 33,000,000 | $35.8M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | Sold out | 11,142,000 | $34.9Mbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Sold out | 33,821,000 | $34.7Mbefore exit |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Sold out | 31,132,000 | $34.6Mbefore exit |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -7.6% | 30,500,000 | $33.4M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -43.0% | 427,626 | $32.3M |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | Reduce -15.5% | 27,302,000 | $32.3M |
| WORLD KINECT GROUP (WKC 3.25 07/01/28) | NOTE 3.250% 7/0 · principal | Reduce -7.7% | 30,000,000 | $31.5M |
| M/A-COM TECH SOLUTIONS (MTSI 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +112.2% | 14,857,000 | $30.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Sold out | 20,700,000 | $30.4Mbefore exit |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +25.0% | 32,500,000 | $28.9M |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | Reduce -33.5% | 11,905,000 | $28.0M |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | New | 20,000,000 | $27.4M |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | Add +66.7% | 25,000,000 | $27.1M |
| MARA HOLDINGS INC (MARA 0 03/01/30) | NOTE 3/0 · principal | New | 34,000,000 | $26.7M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | Sold out | 17,500,000 | $26.2Mbefore exit |
Showing the first 50 of 114.
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 |