UBS Group AG
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), UBS Group AG reported 8,455 stock positions worth $451.4 billion. Its top holding was Apple (AAPL) at 3.0% of the portfolio, followed by Microsoft (MSFT, 2.7%) and Nvidia (NVDA, 2.4%). Compared with Q4 2024, it opened 883 new positions, sold out of 718, added to 4,091 and reduced 3,338. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +28%) and the biggest sale Microsoft (MSFT, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001610520
- Portfolio Value
- $451.4B (Q1 2025)
- SEC Filing
- 0000950123-25-004922 ↗ filed May 13, 2025
Holdings Value
Holdings 8,455 stocks · $451.4B
| AAPL Apple Inc. | 2.99% | 60,728,803 | $13.5B | Reduce -0.3% |
| MSFT Microsoft Corp. | 2.74% | 32,898,115 | $12.3B | Reduce -4.0% |
| NVDA Nvidia Corp. | 2.44% | 101,426,062 | $11.0B | Add +1.2% |
| AMZN Amazon.com Inc. | 1.58% | 37,578,344 | $7.1B | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.58% | 12,764,959 | $7.1B | Add +27.9% |
| META Meta Platforms Inc. Class A | 1.24% | 9,708,310 | $5.6B | Reduce -1.3% |
| JPM JPMorgan Chase & Co. | 1.19% | 21,966,473 | $5.4B | Add +10.1% |
| AVGO Broadcom Inc. | 1.02% | 27,596,377 | $4.6B | Add +3.6% |
| UBS UBS Group AG-Reg | 1.00% | 147,271,042 | $4.5B | Reduce -4.1% |
| GOOGL Alphabet Inc. Class A | 0.95% | 27,616,108 | $4.3B | Reduce -10.1% |
| V Visa Inc. Class A | 0.90% | 11,564,618 | $4.1B | Reduce -6.0% |
| GOOG Alphabet Inc. Class C | 0.84% | 24,409,755 | $3.8B | Add +11.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.71% | 5,980,274 | $3.2B | Add +9.3% |
| LLY Eli Lilly & Co. | 0.70% | 3,838,852 | $3.2B | Add +12.9% |
| UNH Unitedhealth Group Inc. | 0.64% | 5,494,668 | $2.9B | Add +7.0% |
| COST Costco Wholesale Corp. | 0.57% | 2,729,159 | $2.6B | Add +2.4% |
| HD Home Depot Inc. | 0.56% | 6,904,492 | $2.5B | Add +6.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.56% | 5,393,101 | $2.5B | Reduce -9.3% |
| ABBV Abbvie Inc. | 0.54% | 11,712,840 | $2.5B | Reduce -6.9% |
| CVX Chevron Corp. | 0.53% | 14,207,886 | $2.4B | Reduce -2.2% |
| GLD SPDR Gold Shares | 0.52% | 8,078,269 | $2.3B | Add +33.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.51% | 13,425,966 | $2.3B | Add +1.5% |
| IWF iShares Russell 1000 Growth | 0.51% | 6,312,798 | $2.3B | Add +1.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.48% | 5,876,133 | $2.2B | Reduce -1.1% |
| PG The Procter & Gamble Co. | 0.48% | 12,643,034 | $2.2B | Reduce -2.8% |
| IVV iShares Core S&P 500 ETF | 0.47% | 3,814,168 | $2.1B | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 0.46% | 17,457,824 | $2.1B | Reduce -9.3% |
| VOO Vanguard S&P 500 ETF | 0.46% | 4,000,327 | $2.1B | Add +4.0% |
| MCD McDonald's Corp. | 0.44% | 6,337,641 | $2.0B | Reduce -0.6% |
| JNJ Johnson & Johnson | 0.44% | 11,909,023 | $2.0B | Reduce -14.9% |
| MA Mastercard Inc. Class A | 0.44% | 3,599,739 | $2.0B | Add +0.4% |
| KO The Coca-Cola Co. | 0.43% | 27,355,422 | $2.0B | Add +5.9% |
| CSCO Cisco Systems Inc. | 0.42% | 31,085,002 | $1.9B | Add +1.8% |
| MRK Merck & Co. Inc. | 0.42% | 21,061,269 | $1.9B | Add +21.9% |
| WMT Walmart Inc. | 0.41% | 20,822,274 | $1.8B | Add +0.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.39% | 23,136,925 | $1.8B | Reduce -5.3% |
| TSLA Tesla Inc. | 0.37% | 6,503,696 | $1.7B | Reduce -10.4% |
| GS Goldman Sachs Group Inc. | 0.36% | 2,991,840 | $1.6B | Add +20.2% |
| CRM Salesforce Inc. | 0.35% | 5,952,556 | $1.6B | Add +7.9% |
| NEE Nextera Energy Inc. | 0.34% | 21,687,852 | $1.5B | Add +3.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 36,822,201 | $1.5B | Add +38.8% |
| NFLX Netflix Inc. | 0.33% | 1,618,856 | $1.5B | Add +4.6% |
| IWD iShares Russell 1000 Value E | 0.33% | 7,960,372 | $1.5B | Add +11.5% |
| ORCL Oracle Corp. | 0.33% | 10,687,236 | $1.5B | Add +13.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.32% | 5,624,033 | $1.5B | Add +1.1% |
| HON Honeywell International Inc. | 0.32% | 6,800,486 | $1.4B | Add +9.0% |
| MS Morgan Stanley | 0.31% | 12,126,722 | $1.4B | Add +10.6% |
| AMGN Amgen Inc. | 0.31% | 4,486,395 | $1.4B | Add +10.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.31% | 8,316,853 | $1.4B | Reduce -4.3% |
| UBER Uber Technologies Inc. | 0.30% | 18,789,109 | $1.4B | Add +27.0% |
| VEA Vanguard Ftse Developed ETF | 0.30% | 26,747,008 | $1.4B | Reduce -0.1% |
| QCOM Qualcomm Inc. | 0.30% | 8,831,443 | $1.4B | Add +1.0% |
| IJH iShares Core S&P Midcap ETF | 0.30% | 23,107,496 | $1.3B | Reduce -2.7% |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 2,619,954 | $1.3B | Add +7.8% |
| ABT Abbott Laboratories | 0.29% | 9,798,914 | $1.3B | Add +7.9% |
| VIG Vanguard Dividend Apprec ETF | 0.28% | 6,601,993 | $1.3B | Add +0.7% |
| ETN Eaton Corp. PLC | 0.28% | 4,685,659 | $1.3B | Add +85.0% |
| LIN Linde PLC | 0.28% | 2,725,199 | $1.3B | Add +6.1% |
| AMD Advanced Micro Devices | 0.28% | 12,150,743 | $1.2B | Reduce -23.3% |
| PANW Palo Alto Networks Inc. | 0.27% | 7,136,120 | $1.2B | Reduce -2.7% |
| RSP Invesco S&P 500 Equal Weight | 0.27% | 6,976,535 | $1.2B | Add +6.2% |
| AXP American Express Co. | 0.27% | 4,463,500 | $1.2B | Add +24.5% |
| TXN Texas Instruments Inc. | 0.26% | 6,638,777 | $1.2B | Reduce -4.2% |
| RTX RTX Corp. | 0.26% | 8,955,876 | $1.2B | Add +0.2% |
| MRSH Marsh & McLennan Cos | 0.26% | 4,744,828 | $1.2B | Add +10.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 4,642,182 | $1.2B | Reduce -9.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.25% | 4,162,331 | $1.1B | Reduce -2.1% |
| PEP Pepsico Inc. | 0.25% | 7,499,853 | $1.1B | Reduce -7.2% |
| IJR iShares Core S&P Small-Cap E | 0.25% | 10,607,421 | $1.1B | Reduce -10.8% |
| XLK SS Technology Select Sector | 0.25% | 5,367,944 | $1.1B | Reduce -5.1% |
| BLK BlackRock Inc. | 0.24% | 1,148,873 | $1.1B | Reduce -0.1% |
| DE Deere & Co. | 0.24% | 2,280,766 | $1.1B | Add +1.1% |
| TLT iShares 20+ Year Treasury BD | 0.23% | 11,621,609 | $1.1B | Add +3.2% |
| UNP Union Pacific Corp. | 0.23% | 4,450,475 | $1.1B | Reduce -7.9% |
| PH Parker Hannifin Corp. | 0.23% | 1,688,083 | $1.0B | Add +73.6% |
| VZ Verizon Communications Inc. | 0.23% | 22,445,727 | $1.0B | Reduce -3.5% |
| WFC Wells Fargo & Co. | 0.22% | 14,015,091 | $1.0B | Add +18.3% |
| LBRDK Liberty Broadband-C | 0.22% | 11,683,089 | $993.6M | Reduce -6.3% |
| AGG iShares Core U.S. Aggregate | 0.22% | 9,994,236 | $988.6M | Add +15.0% |
| VGT Vanguard Info Tech ETF | 0.22% | 1,799,195 | $975.8M | Reduce -4.8% |
| ISRG Intuitive Surgical Inc. | 0.21% | 1,956,593 | $969.0M | Reduce -9.3% |
| GE General Electric filed as GE AEROSPACE | 0.21% | 4,800,595 | $960.8M | Add +16.5% |
| IWM iShares Russell 2000 ETF | 0.21% | 4,716,678 | $940.9M | Reduce -4.4% |
| BSX Boston Scientific Corp. | 0.21% | 9,280,167 | $936.2M | Add +0.2% |
| MU Micron Technology Inc. | 0.21% | 10,750,016 | $934.1M | Reduce -3.6% |
| SBUX Starbucks Corp. | 0.20% | 9,302,646 | $912.5M | Reduce -2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 7,481,943 | $911.3M | Reduce -4.9% |
| FXI iShares China Large-Cap ETF | 0.20% | 25,294,609 | $906.6M | Reduce -30.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.20% | 4,063,091 | $901.0M | Add +0.1% |
| EFA iShares MSCI Eafe ETF | 0.20% | 10,992,418 | $898.4M | Reduce -5.8% |
| BX Blackstone Inc. | 0.19% | 6,280,359 | $877.9M | Add +2.6% |
| XLE SS Energy Select Sector | 0.19% | 9,388,407 | $877.3M | Reduce -0.7% |
| ADBE Adobe Inc. | 0.19% | 2,283,883 | $875.9M | Reduce -6.9% |
| ACN Accenture PLC Class A | 0.19% | 2,802,593 | $874.5M | Reduce -5.0% |
| CRH CRH PLC | 0.19% | 9,933,582 | $873.9M | Add +93.4% |
| TMUS T-Mobile US Inc. | 0.19% | 3,243,344 | $865.0M | Reduce -12.0% |
| CB Chubb Ltd. | 0.19% | 2,842,919 | $858.5M | Add +10.8% |
| INTC Intel Corp. | 0.19% | 37,750,215 | $857.3M | Reduce -4.3% |
| AMAT Applied Materials Inc. | 0.19% | 5,795,706 | $841.1M | Add +3.1% |
| ADI Analog Devices Inc. | 0.19% | 4,156,397 | $838.2M | Reduce -5.6% |
Options reported separately and not counted above: SPY puts ($6.9B), HYG puts ($3.1B), QQQ puts ($2.3B), IWM puts ($2.1B), NVDA calls ($2.0B), AAPL puts ($1.8B), NVDA puts ($1.7B), QQQ calls ($1.7B), SPY calls ($1.5B), EEM calls ($1.5B), IWM calls ($1.3B), MSFT calls ($1.1B), and 1306 more.
Other holdings (397): bonds, preferreds, convertibles and warrants · $211.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 6,515,500 | $16.0M | Add +434266.7% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 16,006,500 | $15.8M | Add +2181.8% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 21,252,670 | $15.6M | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 12,365 | $15.3M | Add +103.2% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 13,750,000 | $14.5M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 243,500 | $12.0M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 199,536 | $11.9M | Add +125.6% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 11,963,000 | $10.8M | New |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 9,378,000 | $9.2M | New |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 9,430,000 | $8.9M | Add +942900.0% |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 9,565,000 | $8.9M | New |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 7,379 | $8.9M | Reduce -0.7% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 6,824,000 | $8.8M | Add +10906.5% |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 10,000,000 | $8.5M | New |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | 6,500,000 | $6.5M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 5,645,000 | $5.3M | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 5,000,000 | $5.3M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 4,014,000 | $4.7M | Reduce -49.2% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 50,386 | $4.2M | New |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 2,975,000 | $2.6M | New |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 2,606,000 | $2.4M | Add +130200.0% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 1,137,000 | $1.5M | New |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 6,418,000 | $1.4M | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 48,051 | $1.3M | Add +1.4% |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | 35,683 | $862K | Add +1.6% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 805,000 | $862K | New |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 800,000 | $788K | Add +26566.7% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 658,670 | $754K | Add +36.1% |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 763,000 | $738K | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 581,000 | $665K | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 12,056 | $660K | Add +358.4% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 14,621 | $594K | Reduce -5.3% |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | 500,000 | $512K | New |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 447,000 | $445K | New |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 501,000 | $407K | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 9,400 | $335K | New |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 5,890 | $287K | Add +37.0% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 5,300 | $237K | Reduce -95.0% |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 76,500 | $210K | Reduce -12.5% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 212,000 | $196K | New |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 161,170 | $158K | Add +10644.7% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 3,978 | $148K | Reduce -2.3% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 159,000 | $142K | Add +15800.0% |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 141,000 | $129K | New |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,264 | $127K | Add +10.2% |
| RITHM PROPERTY TRUST (RPT V9.875 PERP) | 9.875 FXD-FLT C | 5,000 | $126K | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 104,000 | $101K | No change |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 91,000 | $88K | Add +2175.0% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 3,487 | $80K | Add +7.0% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 4,335 | $74K | New |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 1,084 | $65K | Reduce -8.6% |
| KOSMOS ENERGY LTD (KOS 3.125 03/15/30) | NOTE 3.125% 3/1 · principal | 83,000 | $63K | New |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 1,300 | $63K | New |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 7,816 | $56K | Add +212.9% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 2,752 | $48K | New |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 4,373 | $42K | Add +2.9% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 45,000 | $41K | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 548 | $40K | Reduce -64.0% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 16,364 | $37K | Reduce -46.6% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 1,010 | $30K | Reduce -1.2% |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 143,251 | $30K | Add +0.8% |
| HECLA MINING CO (HL 7 PERP B) | PFD CV SER B | 586 | $30K | Add +113.9% |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 2,252 | $29K | Add +48.1% |
| QTEXW Inspira Tech Oxy BHN -CW26 | *W EXP 07/16/202 | 112,060 | $26K | Add +39357.8% |
| BIO GREEN MED SOLUTION (BGMS 6 PERP) | PFD CONV EX 6% | 5,378 | $25K | Add +6302.4% |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 31,030 | $23K | New |
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | 1,665 | $22K | Reduce -23.1% |
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | 2,381 | $21K | Reduce -4.0% |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 29,723 | $21K | Add +1001.7% |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 11,283 | $20K | Reduce -54.2% |
| NXLIW Nexalin Technology Inc.- 27 | *W EXP 99/99/999 | 107,182 | $19K | Add +249.7% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 6,225 | $19K | Add +172.7% |
| BFRGW Bullfrog AI Holdings Inc.-28 | *W EXP 01/18/202 | 28,928 | $18K | Add +236.5% |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 3,210 | $16K | Add +52.8% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 634 | $15K | Reduce -86.1% |
| GRRRW Gorilla Technology Group-CW | *W EXP 99/99/999 | 14,086 | $15K | New |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 12,150 | $15K | Add +87.8% |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | 16,886 | $14K | New |
| NVAWW Nova Minerals Ltd. -29 | *W EXP 07/24/202 | 3,445 | $13K | Reduce -10.5% |
| IROHR Iron Horse Acquisitions Righ | RIGHT 99/99/9999 | 44,574 | $13K | New |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 2,705 | $13K | Reduce -1.4% |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 53,963 | $12K | New |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 27,930 | $12K | Add +643.8% |
| BEATW Heartbeam Inc.-CW26 | *W EXP 10/31/202 | 22,913 | $12K | Add +1114.9% |
| NNAVW Nextnav Inc. | *W EXP 99/99/999 | 2,600 | $11K | Add +47.8% |
| GIPRW Generation Income Proper -CW | *W EXP 99/99/999 | 30,267 | $11K | Add +908.9% |
| GLLRF Global Lights Acquisition Co. | RIGHT 99/99/9999 | 47,114 | $10K | New |
| FATBW Fat Brands Inc. -CW25 | *W EXP 07/16/202 | 2,743 | $10K | Add +5.7% |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 | 2,903 | $10K | New |
| READY CAPITAL CORP (RC 6.25 PERP C) | 6.25 CNV PFD C | 643 | $10K | Add +44.5% |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | 2,388 | $10K | Reduce -5.2% |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 52,030 | $10K | New |
| BIAFW Bioaffinity Technologiew-27 | *W EXP 09/07/202 | 48,283 | $9K | Add +7160.6% |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 2,358 | $9K | Add +27.4% |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 23,753 | $9K | New |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 7,143 | $9K | Add +134.0% |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 14,869 | $8K | Add +1429.7% |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 2,165 | $8K | Reduce -88.4% |
| CDROW Codere Online Luxembou -CW | *W EXP 11/23/202 | 11,384 | $8K | New |
| BUJAR Bukit Jalil Global Acquisiti | RIGHT 12/30/2024 | 29,841 | $8K | Add +894.7% |
| MOBBW Mobilicom Ltd. -27 | *W EXP 08/31/202 | 23,731 | $8K | Add +1011.5% |
| SEATW Vivid Seats Inc. -CW26 | *W EXP 10/18/202 | 35,325 | $8K | Add +3123.1% |
| MYSEW Datchat Inc. -CW26 | *W EXP 08/17/202 | 14,485 | $7K | New |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 4,504 | $7K | New |
| EQUINOX GOLD CORP (EQXCN 4.75 10/15/28) | NOTE 4.750%10/1 · principal | 5,000 | $7K | New |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 28,157 | $6K | New |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 1,830 | $6K | Add +22.0% |
| SBFMW Sunshine Biopharma Inc. -27 | *W EXP 02/15/202 | 29,731 | $6K | Add +2206.5% |
| HSPRF Horizon Space Acquisition-RT | RIGHT 12/27/2024 | 40,161 | $6K | New |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 6,000 | $6K | No change |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 2,610 | $6K | Reduce -0.8% |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 42,460 | $6K | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 5,500 | $6K | No change |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 13,680 | $5K | Add +1058.3% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 10,549 | $5K | Add +298.1% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 2,699 | $5K | New |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 23,818 | $5K | Add +103456.5% |
| ML.WS Moneylion Inc. -CW27 | *W EXP 09/22/202 | 16,930 | $4K | Reduce -37.4% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 5,000 | $4K | New |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 33,676 | $4K | New |
| IVDAW Iveda Solutions Inc. -CW27 | *W EXP 04/01/202 | 29,300 | $4K | New |
| ABLLW East Resources Acquis -CW27 | *W EXP 06/30/202 | 2,643 | $4K | Add +62.5% |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 2,615 | $4K | Add +329.4% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 4,500 | $4K | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 3,670 | $4K | Add +22.3% |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 50,387 | $4K | Add +4.5% |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 207,380 | $4K | Reduce -2.8% |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 490 | $4K | New |
| NTRBW Nutriband Inc. -CW26 | *W EXP 99/99/999 | 2,374 | $4K | Add +1004.2% |
| AIMDW Ainos Inc. - 27 | *W EXP 07/29/202 | 32,538 | $4K | Add +1626800.0% |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 25,371 | $4K | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,500 | $4K | No change |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 25,107 | $4K | New |
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | 114,598 | $3K | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 3,330 | $3K | Add +11.0% |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 29,141 | $3K | Reduce -37.2% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 1,330 | $3K | Add +33.0% |
| HPKEW Highpeak Energy Inc. | *W EXP 08/21/202 | 1,778 | $3K | Reduce -5.4% |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 3,000 | $3K | No change |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 2,170 | $3K | Add +44.7% |
| ARBEW Arbe Robotics Ltd. -CW26 | *W EXP 99/99/999 | 13,319 | $3K | Add +21.1% |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 15,698 | $3K | Add +462.6% |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 29,559 | $3K | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 3,000 | $3K | No change |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 10,576 | $3K | Add +325.9% |
| BAYAR Bayview Acquisition Corp. | RIGHT 11/17/2028 | 12,908 | $2K | Add +167.5% |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 2,170 | $2K | New |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 14,082 | $2K | Add +82.9% |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 2,500 | $2K | Reduce -99.2% |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 1,000 | $2K | No change |
| DISTR Distoken Acquisition Corp. | RIGHT 99/99/9999 | 13,310 | $2K | New |
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | 1,550 | $2K | New |
| NXGLW Nexgel Inc. -CW26 | *W EXP 12/27/202 | 6,333 | $2K | New |
| CRESW Cresud Saci-CW26 | *W EXP 03/09/202 | 2,599 | $2K | Add +12.0% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 2,500 | $2K | Add +66.7% |
| Colombier Acquisition - 29 | *W EXP 11/24/202 | 2,687 | $2K | Add +225.3% |
| AITRR AI Transportation Acquis-RTS | RIGHT 09/01/2028 | 15,857 | $2K | Add +25.2% |
| T1 ENERGY INC | *W EXP 07/09/202 | 20,237 | $2K | No change |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | 2,533 | $2K | Reduce -5.8% |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 4,466 | $2K | Add +299.8% |
| WEARABLE DEVICES LTD - 27 | *W EXP 99/99/999 | 731 | $2K | New |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 6,033 | $2K | New |
| USA RARE EARTH INC | *W EXP 03/13/203 | 2,642 | $2K | New |
| LVRWF Lavoro Ltd.-27 | *W EXP 02/27/202 | 22,800 | $2K | New |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 8,248 | $2K | New |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 1,500 | $2K | No change |
| MDCXW Medicus Pharma Ltd. -29 | *W EXP 11/15/202 | 2,299 | $2K | Add +14.9% |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 6,863 | $2K | Add +154.3% |
| LEXXW Lexaria Bioscience -CW25 | *W EXP 01/14/202 | 4,195 | $2K | Reduce -19.0% |
| IRS.WS Irsa Inversiones Y Rep -CW26 | *W EXP 05/12/202 | 1,091 | $2K | Reduce -8.3% |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | 2,359 | $2K | Add +33.7% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 1,500 | $2K | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 1,500 | $1K | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 1,000 | $1K | No change |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 1,670 | $1K | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 1,500 | $1K | Reduce -100.0% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 1,500 | $1K | No change |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 15,046 | $1K | New |
| FUFUW Bitfufu Inc.-28 | *W EXP 03/01/202 | 3,000 | $1K | Add +13.6% |
| JVSAR Jvspac Acquisition Corp.-RTS | RIGHT 11/26/2026 | 5,175 | $1K | New |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 1,330 | $1K | New |
| IMSRW HCM II Acquisition Corp. - 29 | *W EXP 99/99/999 | 1,829 | $1K | New |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 500 | $1K | New |
| CIFRW Cipher Mining Inc. | *W EXP 08/27/202 | 3,434 | $1K | New |
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | 2,960 | $1K | New |
| MAPSW WM Technology Inc.-CW24 | *W EXP 06/16/202 | 41,632 | $1K | New |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,000 | $985 | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 1,000 | $983 | New |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 1,000 | $978 | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 670 | $976 | New |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 4,153 | $963 | New |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 1,000 | $954 | New |
| TVGNW Semper Paratus Acqu -CW26 | *W EXP 02/14/202 | 17,564 | $948 | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 670 | $945 | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 1,000 | $941 | Reduce -100.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 670 | $931 | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 670 | $929 | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 670 | $891 | New |
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 2,900 | $885 | Add +63.2% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 670 | $857 | New |
Largest 200 of 397 shown.
Total filed on the 13F, all lines: $451.6B.
Portfolio Sells Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | Reduce -4.0% | 2.74% | −0.50 |
| AAPL Apple Inc. | Reduce -0.3% | 2.99% | −0.43 |
| GOOGL Alphabet Inc. Class A | Reduce -10.1% | 0.95% | −0.36 |
| TSLA Tesla Inc. | Reduce -10.4% | 0.37% | −0.28 |
| AMD Advanced Micro Devices | Reduce -23.3% | 0.28% | −0.15 |
| MSTR Strategy Inc. | Reduce -51.2% | 0.14% | −0.15 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -9.3% | 0.56% | −0.12 |
| BA The Boeing Co. | Reduce -35.9% | 0.18% | −0.12 |
| PSX Phillips 66 | Reduce -49.0% | 0.13% | −0.11 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -4.3% | 0.31% | −0.08 |
| IP International Paper Co. | Reduce -73.0% | 0.03% | −0.08 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.1% | 0.48% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -10.8% | 0.25% | −0.06 |
| WDAY Workday Inc. Class A | Reduce -48.8% | 0.05% | −0.06 |
| PWR Quanta Services Inc. | Reduce -7.8% | 0.14% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -1.3% | 1.24% | −0.05 |
| ADBE Adobe Inc. | Reduce -6.9% | 0.19% | −0.05 |
| XLK SS Technology Select Sector | Reduce -5.1% | 0.25% | −0.05 |
| FXI iShares China Large-Cap ETF | Reduce -30.6% | 0.20% | −0.05 |
| VGT Vanguard Info Tech ETF | Reduce -4.8% | 0.22% | −0.05 |
| XLI SS Industrial Select Sector | Reduce -21.6% | 0.16% | −0.05 |
| UBS UBS Group AG-Reg | Reduce -4.1% | 1.00% | −0.04 |
| TTD Trade Desk Inc./the Class A | Reduce -24.0% | 0.02% | −0.04 |
| DAY Dayforce Inc. | Reduce -74.1% | 0.01% | −0.04 |
| DHR Danaher Corp. | Reduce -12.3% | 0.13% | −0.04 |
| ACN Accenture PLC Class A | Reduce -5.0% | 0.19% | −0.04 |
| ISRG Intuitive Surgical Inc. | Reduce -9.3% | 0.21% | −0.04 |
| MANH Manhattan Associates Inc. | Reduce -65.2% | 0.01% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -1.6% | 0.47% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -4.4% | 0.21% | −0.04 |
| UPS United Parcel Service Class B | Reduce -4.3% | 0.17% | −0.04 |
| ET Energy Transfer LP | Reduce -14.3% | 0.14% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.7% | 0.30% | −0.03 |
| STLA Stellantis NV | Reduce -21.9% | 0.06% | −0.03 |
| GNRC Generac Holdings Inc. | Reduce -47.1% | 0.02% | −0.03 |
| ATKR Atkore Inc. | Reduce -86.7% | 0.00% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -2.7% | 0.27% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -22.9% | 0.17% | −0.03 |
| NEM Newmont Corp. | Reduce -40.8% | 0.09% | −0.03 |
| FDN First Trust DJ Internet Ind | Reduce -26.8% | 0.06% | −0.03 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -55.6% | 0.03% | −0.03 |
| PDD PDD Holdings Inc. | Reduce -38.8% | 0.08% | −0.03 |
| XYZ Block Inc. | Reduce -7.7% | 0.04% | −0.03 |
| CFG Citizens Financial Group | Reduce -43.4% | 0.03% | −0.03 |
| PFE Pfizer Inc. | Reduce -11.9% | 0.13% | −0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -25.1% | 0.07% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -4.2% | 0.26% | −0.03 |
| APP AppLovin Corp. Class A | Reduce -4.1% | 0.09% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +27.9% | 1.58% | +0.27 |
| GLD SPDR Gold Shares | Add +33.4% | 0.52% | +0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.3% | 0.71% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +10.1% | 1.19% | +0.12 |
| LLY Eli Lilly & Co. | Add +12.9% | 0.70% | +0.11 |
| LUV Southwest Airlines Co. | Add +234.3% | 0.16% | +0.11 |
| UBER Uber Technologies Inc. | Add +27.0% | 0.30% | +0.10 |
| HPE Hewlett Packard Enterprise | Add +359.1% | 0.15% | +0.10 |
| ETN Eaton Corp. PLC | Add +85.0% | 0.28% | +0.09 |
| TFX Teleflex Inc. | Add +1394.0% | 0.10% | +0.09 |
| PH Parker Hannifin Corp. | Add +73.6% | 0.23% | +0.09 |
| SCHW Schwab (charles) Corp. | Add +92.6% | 0.18% | +0.09 |
| CRH CRH PLC | Add +93.4% | 0.19% | +0.09 |
| BAC Bank of America Corp. | Add +38.8% | 0.34% | +0.08 |
| KO The Coca-Cola Co. | Add +5.9% | 0.43% | +0.07 |
| AMGN Amgen Inc. | Add +10.3% | 0.31% | +0.07 |
| CRL Charles River Laboratories | Add +612.6% | 0.08% | +0.07 |
| ICE Intercontinental Exchange Inc. | Add +44.4% | 0.16% | +0.06 |
| HES Hess Corp. | Add +119.0% | 0.10% | +0.06 |
| CSGP Costar Group Inc. | Add +214.9% | 0.08% | +0.06 |
| GE General Electric | Add +16.5% | 0.21% | +0.06 |
| ABT Abbott Laboratories | Add +7.9% | 0.29% | +0.06 |
| XBI SS SPDR S&P Biotech ETF | Add +101.2% | 0.13% | +0.06 |
| GPC Genuine Parts Co. | Add +292.9% | 0.08% | +0.06 |
| AMT American Tower Corp. | Add +23.7% | 0.18% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +7.0% | 0.64% | +0.05 |
| MRSH Marsh & McLennan Cos | Add +10.9% | 0.26% | +0.05 |
| ZTS Zoetis Inc. | Add +74.5% | 0.11% | +0.05 |
| MO Altria Group Inc. | Add +27.7% | 0.16% | +0.05 |
| PGR Progressive Corp. | Add +15.8% | 0.19% | +0.05 |
| CEG Constellation Energy | Add +98.1% | 0.11% | +0.05 |
| ITCI Intra-Cellular Therapies Inc. | Add +2064.7% | 0.05% | +0.05 |
| WDC Western Digital Corp. | Add +111.2% | 0.15% | +0.04 |
| LNG Cheniere Energy Inc. | Add +61.5% | 0.11% | +0.04 |
| AMCR Amcor PLC | Add +150.8% | 0.07% | +0.04 |
| AON Aon PLC Class A | Add +46.8% | 0.12% | +0.04 |
| KWEB Kranesh Csi China Internet | Add +79.6% | 0.08% | +0.04 |
| ANET Arista Networks Inc. | Add +117.2% | 0.13% | +0.04 |
| MELI MercadoLibre Inc. | Add +57.5% | 0.10% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +20.2% | 0.36% | +0.04 |
| ECL Ecolab Inc. | Add +77.2% | 0.09% | +0.04 |
| LIN Linde PLC | Add +6.1% | 0.28% | +0.04 |
| NOC Northrop Grumman Corp. | Add +47.6% | 0.11% | +0.04 |
| SLB SLB Ltd. | Add +21.8% | 0.16% | +0.04 |
| CCI Crown Castle Inc. | Add +67.2% | 0.08% | +0.04 |
| DUK Duke Energy Corp. | Add +45.7% | 0.10% | +0.04 |
| WELL Welltower Inc. | Add +36.5% | 0.09% | +0.04 |
| WFC Wells Fargo & Co. | Add +18.3% | 0.22% | +0.04 |
| AVTR Avantor Inc. | Add +226.7% | 0.06% | +0.04 |
| IWD iShares Russell 1000 Value E | Add +11.5% | 0.33% | +0.04 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +130.9% | 12,265,248 | $6.9B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +104.5% | 39,882,800 | $3.1B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +20.5% | 4,848,700 | $2.3B |
| IWM iShares Russell 2000 ETF | put | Reduce -10.7% | 10,481,000 | $2.1B |
| NVDA Nvidia Corp. | call | Add +37.9% | 18,145,177 | $2.0B |
| AAPL Apple Inc. | put | Reduce -16.6% | 7,901,900 | $1.8B |
| NVDA Nvidia Corp. | put | Add +62.5% | 15,839,839 | $1.7B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +66.5% | 3,655,067 | $1.7B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +63.9% | 2,690,048 | $1.5B |
| EEM iShares MSCI Emerging Market | call | Add +13.1% | 34,116,800 | $1.5B |
| IWM iShares Russell 2000 ETF | call | Add +70.8% | 6,757,650 | $1.3B |
| MSFT Microsoft Corp. | call | Add +48.5% | 2,833,439 | $1.1B |
| EEM iShares MSCI Emerging Market | put | Reduce -37.8% | 22,985,800 | $1.0B |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -14.2% | 5,909,120 | $980.9M |
| AAPL Apple Inc. | call | Reduce -8.3% | 4,337,569 | $963.5M |
| TSLA Tesla Inc. | call | Add +16.9% | 3,667,823 | $950.6M |
| MSFT Microsoft Corp. | put | Add +4.0% | 2,402,073 | $901.7M |
| TSLA Tesla Inc. | put | Add +3.9% | 3,292,292 | $853.2M |
| FXI iShares China Large-Cap ETF | call | Reduce -12.4% | 21,798,500 | $781.3M |
| GLD SPDR Gold Shares | call | Reduce -19.8% | 2,697,004 | $777.1M |
| BAC Bank of America Corp. | put | Add +24.5% | 18,586,600 | $775.6M |
| AMZN Amazon.com Inc. | put | Add +23.4% | 3,881,200 | $738.4M |
| BABA Alibaba Group Holding-SP ADR | call | Add +27.7% | 5,462,451 | $722.3M |
| BABA Alibaba Group Holding-SP ADR | put | Add +2.1% | 5,151,768 | $681.2M |
| META Meta Platforms Inc. Class A | put | Add +17.8% | 1,122,018 | $646.7M |
| META Meta Platforms Inc. Class A | call | Add +37.6% | 1,092,126 | $629.5M |
| SLV iShares Silver Trust | call | Reduce -20.7% | 18,872,288 | $584.9M |
| JPM JPMorgan Chase & Co. | put | Reduce -40.5% | 2,332,361 | $572.1M |
| AMZN Amazon.com Inc. | call | Add +64.5% | 2,927,559 | $557.0M |
| CSCO Cisco Systems Inc. | put | Reduce -23.7% | 8,902,100 | $549.3M |
| XLE SS Energy Select Sector | put | Reduce -55.9% | 5,790,100 | $541.1M |
| XLF SS Financial Select Sector | put | Reduce -52.0% | 10,841,600 | $540.0M |
| XLF SS Financial Select Sector | call | Reduce -38.3% | 10,750,600 | $535.5M |
| GOOGL Alphabet Inc. Class A | put | Add +33.0% | 3,263,759 | $504.7M |
| FXI iShares China Large-Cap ETF | put | Reduce -4.6% | 13,902,600 | $498.3M |
| V Visa Inc. Class A | put | Add +100.1% | 1,386,771 | $486.0M |
| NFLX Netflix Inc. | put | Reduce -37.0% | 496,100 | $462.6M |
| TSM Taiwan Semiconductor-SP ADR | call | Add +118.3% | 2,570,992 | $426.8M |
| GOOGL Alphabet Inc. Class A | call | Add +85.2% | 2,614,653 | $404.3M |
| EFA iShares MSCI Eafe ETF | put | Reduce -49.2% | 4,892,200 | $399.8M |
| AVGO Broadcom Inc. | put | Add +11.8% | 2,363,000 | $395.6M |
| V Visa Inc. Class A | call | Add +111.7% | 1,100,171 | $385.6M |
| MA Mastercard Inc. Class A | call | Add +119.0% | 695,800 | $381.4M |
| AVGO Broadcom Inc. | call | Add +52.9% | 2,252,072 | $377.1M |
| LLY Eli Lilly & Co. | put | Add +84.6% | 454,700 | $375.5M |
| KWEB Kranesh Csi China Internet | call | Add +3.8% | 10,651,878 | $371.9M |
| ASHR Xtrackers Harvest Csi 300 CH | call | Reduce -30.5% | 13,184,000 | $350.3M |
| XLE SS Energy Select Sector | call | Reduce -45.1% | 3,689,620 | $344.8M |
| AMD Advanced Micro Devices | put | Reduce -14.1% | 3,226,300 | $331.5M |
| GOOG Alphabet Inc. Class C | put | Add +27.5% | 2,077,800 | $324.6M |
Showing the first 50 of 1,392.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Add +434266.7% | 6,515,500 | $16.0M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Add +2181.8% | 16,006,500 | $15.8M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | New | 21,252,670 | $15.6M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +103.2% | 12,365 | $15.3M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | New | 13,750,000 | $14.5M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | New | 243,500 | $12.0M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +125.6% | 199,536 | $11.9M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Sold out | 9,355,000 | $11.3Mbefore exit |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | New | 11,963,000 | $10.8M |
| WOLF Wolfspeed Inc. (wolf 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 10,670,000 | $9.4Mbefore exit |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | New | 9,378,000 | $9.2M |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | Add +942900.0% | 9,430,000 | $8.9M |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | New | 9,565,000 | $8.9M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -0.7% | 7,379 | $8.9M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | Add +10906.5% | 6,824,000 | $8.8M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | New | 10,000,000 | $8.5M |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | New | 6,500,000 | $6.5M |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Sold out | 11,906,000 | $5.5Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 5,645,000 | $5.3M |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | New | 5,000,000 | $5.3M |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | Sold out | 5,133,000 | $5.2Mbefore exit |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -49.2% | 4,014,000 | $4.7M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 50,386 | $4.2M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 3,500,000 | $3.5Mbefore exit |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | New | 2,975,000 | $2.6M |
| HEALTH CATALYST INC (HCAT 2.5 04/15/25) | NOTE 2.500% 4/1 · principal | Sold out | 2,626,000 | $2.6Mbefore exit |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Sold out | 2,571,000 | $2.5Mbefore exit |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Add +130200.0% | 2,606,000 | $2.4M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Sold out | 2,651,000 | $2.3Mbefore exit |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | New | 1,137,000 | $1.5M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | New | 6,418,000 | $1.4M |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +1.4% | 48,051 | $1.3M |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | Sold out | 1,203,000 | $1.2Mbefore exit |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | Add +1.6% | 35,683 | $862K |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | New | 805,000 | $862K |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +26566.7% | 800,000 | $788K |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | Add +36.1% | 658,670 | $754K |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | New | 763,000 | $738K |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | New | 581,000 | $665K |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Add +358.4% | 12,056 | $660K |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -5.3% | 14,621 | $594K |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | Sold out | 565,000 | $559Kbefore exit |
| PENN ENTERTAINMENT INC (PENN 2.75 05/15/26) | NOTE 2.750% 5/1 · principal | New | 500,000 | $512K |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | New | 447,000 | $445K |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | New | 501,000 | $407K |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 9,400 | $335K |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | Add +37.0% | 5,890 | $287K |
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | Sold out | 8,906 | $271Kbefore exit |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Reduce -95.0% | 5,300 | $237K |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Reduce -12.5% | 76,500 | $210K |
Showing the first 50 of 469.
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 | 8,634 | $628.7B | NVDA, AAPL, MSFT, AVGO, SPY |
| Q1 2026 | 8,728 | $563.1B | NVDA, AAPL, MSFT, SPY, AVGO |
| Q4 2025 | 8,711 | $504.5B | NVDA, MSFT, AAPL, AVGO, AMZN |
| Q3 2025 | 8,513 | $511.5B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 8,500 | $477.9B | MSFT, NVDA, AAPL, AMZN, AVGO |
| Q1 2025 | 8,455 | $451.4B | AAPL, MSFT, NVDA, AMZN, SPY |
| Q4 2024 | 8,290 | $445.9B | AAPL, MSFT, NVDA, AMZN, AVGO |
| Q3 2024 | 7,908 | $356.9B | MSFT, AAPL, NVDA, AMZN, META |
| Q2 2024 | 7,931 | $325.5B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q1 2024 | 7,779 | $303.0B | MSFT, AAPL, NVDA, AMZN, SPY |