UBS Group AG
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), UBS Group AG reported 8,500 stock positions worth $477.9 billion. Its top holding was Microsoft (MSFT) at 3.3% of the portfolio, followed by Nvidia (NVDA, 3.2%) and Apple (AAPL, 2.3%). Compared with Q1 2025, it opened 858 new positions, sold out of 814, added to 3,891 and reduced 3,579. The biggest buy was Netflix (NFLX, shares +16%) and the biggest sale Apple (AAPL, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001610520
- Portfolio Value
- $477.9B (Q2 2025)
- SEC Filing
- 0000950123-25-008111 ↗ filed Aug 14, 2025
Holdings Value
Holdings 8,500 stocks · $477.9B
| MSFT Microsoft Corp. | 3.29% | 31,597,858 | $15.7B | Reduce -4.0% |
| NVDA Nvidia Corp. | 3.18% | 96,193,013 | $15.2B | Reduce -5.2% |
| AAPL Apple Inc. | 2.32% | 54,134,464 | $11.1B | Reduce -10.9% |
| AMZN Amazon.com Inc. | 1.65% | 35,880,479 | $7.9B | Reduce -4.5% |
| AVGO Broadcom Inc. | 1.47% | 25,517,251 | $7.0B | Reduce -7.5% |
| META Meta Platforms Inc. Class A | 1.42% | 9,202,573 | $6.8B | Reduce -5.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.32% | 10,242,587 | $6.3B | Reduce -19.8% |
| JPM JPMorgan Chase & Co. | 1.24% | 20,436,627 | $5.9B | Reduce -7.0% |
| GOOGL Alphabet Inc. Class A | 0.95% | 25,816,156 | $4.5B | Reduce -6.5% |
| V Visa Inc. Class A | 0.89% | 11,954,399 | $4.2B | Add +3.4% |
| UBS UBS Group AG-Reg | 0.82% | 115,915,485 | $3.9B | Reduce -21.3% |
| GOOG Alphabet Inc. Class C | 0.81% | 21,791,946 | $3.9B | Reduce -10.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.64% | 5,540,629 | $3.1B | Add +2.7% |
| LLY Eli Lilly & Co. | 0.64% | 3,919,407 | $3.1B | Add +2.1% |
| COST Costco Wholesale Corp. | 0.61% | 2,938,539 | $2.9B | Add +7.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 5,365,582 | $2.6B | Reduce -10.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.54% | 5,916,441 | $2.6B | Add +0.7% |
| IWF iShares Russell 1000 Growth | 0.53% | 6,018,469 | $2.6B | Reduce -4.7% |
| TSLA Tesla Inc. | 0.53% | 7,982,126 | $2.5B | Add +22.7% |
| NFLX Netflix Inc. | 0.53% | 1,875,560 | $2.5B | Add +15.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.51% | 13,769,824 | $2.4B | Add +2.6% |
| ORCL Oracle Corp. | 0.49% | 10,705,824 | $2.3B | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 0.48% | 4,027,962 | $2.3B | Add +0.7% |
| CVX Chevron Corp. | 0.47% | 15,536,860 | $2.2B | Add +9.3% |
| ABBV Abbvie Inc. | 0.46% | 11,804,484 | $2.2B | Add +0.8% |
| MA Mastercard Inc. Class A | 0.45% | 3,790,811 | $2.1B | Add +5.3% |
| HD Home Depot Inc. | 0.43% | 5,594,029 | $2.1B | Reduce -19.0% |
| GLD SPDR Gold Shares | 0.42% | 6,619,040 | $2.0B | Reduce -18.1% |
| GS Goldman Sachs Group Inc. | 0.42% | 2,831,346 | $2.0B | Reduce -5.4% |
| WMT Walmart Inc. | 0.40% | 19,781,952 | $1.9B | Reduce -5.0% |
| IVV iShares Core S&P 500 ETF | 0.40% | 3,100,486 | $1.9B | Reduce -18.7% |
| XOM Exxon Mobil Corp. | 0.40% | 17,846,765 | $1.9B | Add +2.2% |
| JNJ Johnson & Johnson | 0.40% | 12,540,157 | $1.9B | Add +5.3% |
| KO The Coca-Cola Co. | 0.39% | 26,649,274 | $1.9B | Reduce -2.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.39% | 8,315,134 | $1.9B | Reduce -0.0% |
| CSCO Cisco Systems Inc. | 0.38% | 25,946,968 | $1.8B | Reduce -16.5% |
| PG The Procter & Gamble Co. | 0.37% | 11,122,475 | $1.8B | Reduce -12.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.36% | 20,884,114 | $1.7B | Reduce -9.7% |
| HON Honeywell International Inc. | 0.35% | 7,227,802 | $1.7B | Add +6.3% |
| CRM Salesforce Inc. | 0.35% | 6,154,612 | $1.7B | Add +3.4% |
| QCOM Qualcomm Inc. | 0.35% | 10,462,588 | $1.7B | Add +18.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.33% | 5,675,783 | $1.6B | Add +0.9% |
| MS Morgan Stanley | 0.33% | 11,121,603 | $1.6B | Reduce -8.3% |
| VEA Vanguard Ftse Developed ETF | 0.33% | 27,422,460 | $1.6B | Add +2.5% |
| RTX RTX Corp. | 0.32% | 10,410,088 | $1.5B | Add +16.2% |
| IWD iShares Russell 1000 Value E | 0.32% | 7,814,256 | $1.5B | Reduce -1.8% |
| MCD McDonald's Corp. | 0.31% | 5,018,720 | $1.5B | Reduce -20.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 30,148,861 | $1.4B | Reduce -18.1% |
| ETN Eaton Corp. PLC | 0.30% | 3,993,221 | $1.4B | Reduce -14.8% |
| PANW Palo Alto Networks Inc. | 0.29% | 6,786,670 | $1.4B | Reduce -4.9% |
| IJH iShares Core S&P Midcap ETF | 0.29% | 22,366,581 | $1.4B | Reduce -3.2% |
| UNH Unitedhealth Group Inc. | 0.29% | 4,405,182 | $1.4B | Reduce -19.8% |
| VIG Vanguard Dividend Apprec ETF | 0.28% | 6,554,712 | $1.3B | Reduce -0.7% |
| MRK Merck & Co. Inc. | 0.28% | 16,900,814 | $1.3B | Reduce -19.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 4,501,144 | $1.3B | Reduce -3.0% |
| TXN Texas Instruments Inc. | 0.28% | 6,380,658 | $1.3B | Reduce -3.9% |
| AMD Advanced Micro Devices | 0.28% | 9,271,682 | $1.3B | Reduce -23.7% |
| RSP Invesco S&P 500 Equal Weight | 0.27% | 7,143,393 | $1.3B | Add +2.4% |
| NEE Nextera Energy Inc. | 0.27% | 18,550,956 | $1.3B | Reduce -14.5% |
| AMGN Amgen Inc. | 0.27% | 4,577,668 | $1.3B | Add +2.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 4,170,667 | $1.3B | Add +0.2% |
| XLK SS Technology Select Sector | 0.27% | 5,001,008 | $1.3B | Reduce -6.8% |
| UBER Uber Technologies Inc. | 0.26% | 13,436,198 | $1.3B | Reduce -28.5% |
| ACN Accenture PLC Class A | 0.26% | 4,183,123 | $1.3B | Add +49.3% |
| BLK BlackRock Inc. | 0.26% | 1,186,877 | $1.2B | Add +3.3% |
| BSX Boston Scientific Corp. | 0.26% | 11,504,665 | $1.2B | Add +24.0% |
| ADI Analog Devices Inc. | 0.25% | 5,073,643 | $1.2B | Add +22.1% |
| ABT Abbott Laboratories | 0.25% | 8,816,667 | $1.2B | Reduce -10.0% |
| AXP American Express Co. | 0.25% | 3,742,425 | $1.2B | Reduce -16.1% |
| VGT Vanguard Info Tech ETF | 0.25% | 1,796,699 | $1.2B | Reduce -0.1% |
| MU Micron Technology Inc. | 0.25% | 9,572,765 | $1.2B | Reduce -10.9% |
| DE Deere & Co. | 0.24% | 2,293,546 | $1.2B | Add +0.6% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 8,268,425 | $1.1B | Reduce -7.2% |
| IJR iShares Core S&P Small-Cap E | 0.23% | 10,006,675 | $1.1B | Reduce -5.7% |
| LIN Linde PLC | 0.22% | 2,281,167 | $1.1B | Reduce -16.3% |
| SBUX Starbucks Corp. | 0.22% | 11,651,013 | $1.1B | Add +25.2% |
| EFA iShares MSCI Eafe ETF | 0.22% | 11,924,839 | $1.1B | Add +8.5% |
| UNP Union Pacific Corp. | 0.22% | 4,470,559 | $1.0B | Add +0.5% |
| VZ Verizon Communications Inc. | 0.21% | 23,259,647 | $1.0B | Add +3.6% |
| BA The Boeing Co. | 0.21% | 4,787,225 | $1.0B | Reduce -0.2% |
| BX Blackstone Inc. | 0.21% | 6,704,742 | $1.0B | Add +6.8% |
| TLT iShares 20+ Year Treasury BD | 0.21% | 11,304,049 | $997.6M | Reduce -2.7% |
| MRSH Marsh & McLennan Cos | 0.21% | 4,539,709 | $992.6M | Reduce -4.3% |
| AGG iShares Core U.S. Aggregate | 0.21% | 9,981,683 | $990.2M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.20% | 2,405,949 | $975.5M | Reduce -8.2% |
| IVW iShares S&P 500 Growth ETF | 0.20% | 8,834,680 | $972.7M | Reduce -1.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.20% | 4,098,496 | $971.3M | Add +0.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.20% | 1,888,813 | $962.0M | Reduce -12.2% |
| INTC Intel Corp. | 0.20% | 42,931,296 | $961.7M | Add +13.7% |
| LRCX Lam Research Corp. | 0.20% | 9,876,133 | $961.3M | Reduce -5.4% |
| WFC Wells Fargo & Co. | 0.20% | 11,767,236 | $942.8M | Reduce -16.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 7,595,638 | $941.9M | Reduce -6.9% |
| DB Deutsche Bank AG-Registered | 0.20% | 32,027,203 | $937.8M | Add +9.0% |
| ADBE Adobe Inc. | 0.20% | 2,417,071 | $935.1M | Add +5.8% |
| LBRDK Liberty Broadband-C | 0.19% | 9,410,082 | $925.8M | Reduce -19.5% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 3,596,130 | $925.6M | Reduce -25.1% |
| PEP Pepsico Inc. | 0.19% | 6,968,535 | $920.1M | Reduce -7.1% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 18,562,113 | $918.1M | Add +6.4% |
| ISRG Intuitive Surgical Inc. | 0.19% | 1,683,008 | $914.6M | Reduce -14.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 7,342,977 | $906.8M | Reduce -1.9% |
Options reported separately and not counted above: QQQ puts ($4.9B), SPY puts ($3.7B), IWM puts ($3.0B), HYG puts ($2.9B), NVDA puts ($2.9B), SPY calls ($2.6B), NVDA calls ($2.5B), EEM calls ($2.3B), AAPL puts ($1.7B), TSM puts ($1.6B), IWM calls ($1.5B), QQQ calls ($1.5B), and 1315 more.
Other holdings (374): bonds, preferreds, convertibles and warrants · $458.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 57,139,170 | $56.5M | Add +35352.7% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 32,703,000 | $32.4M | Add +7216.1% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 17,000,670 | $26.1M | Add +2537313.4% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 18,518,500 | $18.7M | Add +336600.0% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 19,804,000 | $18.7M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 19,803,670 | $18.7M | Add +2955671.6% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 16,544,000 | $18.6M | New |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 16,839,500 | $15.5M | Add +1122533.3% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 18,057,670 | $14.3M | Reduce -15.0% |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 14,339,000 | $12.8M | Add +286680.0% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 13,933,000 | $12.5M | New |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 13,779,000 | $12.0M | Add +37.8% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 7,500,000 | $11.5M | New |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 10,800,000 | $11.2M | New |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 10,133,000 | $9.6M | Add +5.9% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 7,488 | $8.8M | Add +1.5% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 7,829,000 | $8.5M | New |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 8,776,000 | $8.2M | Add +236.8% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 6,394 | $7.8M | Reduce -48.3% |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | 7,752,000 | $7.7M | New |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 6,985,000 | $7.3M | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 6,484,000 | $7.2M | New |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 124,196 | $6.7M | Reduce -49.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 5,774,000 | $6.6M | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 4,808,000 | $6.5M | Add +497.3% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 5,571,000 | $6.3M | Add +557000.0% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 6,379,000 | $6.3M | Add +6909.9% |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 6,539,000 | $6.1M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 3,822,330 | $6.1M | Add +1158181.8% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 7,000,000 | $5.9M | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 5,000,000 | $5.8M | No change |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 4,970,000 | $5.3M | New |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 4,644,000 | $4.6M | Reduce -50.5% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 3,869,000 | $4.4M | New |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 107,400 | $4.0M | Add +1926.4% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 3,453,670 | $3.3M | Add +515373.1% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 2,758,500 | $2.7M | Reduce -82.8% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 1,541,670 | $2.2M | Add +230000.0% |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 1,460,000 | $2.1M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,095,000 | $2.0M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 29,617 | $2.0M | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 1,856,000 | $1.8M | New |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 155,485 | $1.7M | Add +2397.8% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 1,713,000 | $1.7M | New |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 1,652,000 | $1.6M | Add +106.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 1,552,000 | $1.5M | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 1,455,000 | $1.4M | New |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | 1,290,000 | $1.3M | New |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | 1,247,000 | $1.1M | Add +148.9% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 1,032,000 | $961K | Add +386.8% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 1,113,000 | $954K | New |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 709,670 | $896K | Add +7.7% |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | 32,361 | $803K | Reduce -9.3% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 673,000 | $747K | New |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 763,000 | $740K | No change |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 603,000 | $701K | New |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 453,000 | $577K | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 9,497 | $574K | Reduce -21.2% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 13,161 | $523K | Reduce -10.0% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 498,000 | $492K | Add +49700.0% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 462,000 | $491K | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 7,200 | $490K | Reduce -96.4% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 500,500 | $448K | Add +11022.2% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 55,131 | $442K | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 17,416 | $361K | Reduce -63.8% |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 85,500 | $358K | Add +11.8% |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 258,000 | $291K | New |
| SOLARIS ENERGY INFRASTRU (SEI 4.75 05/01/30) | NOTE 4.750% 5/0 · principal | 196,000 | $262K | New |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 4,621 | $226K | Reduce -21.5% |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,513 | $163K | Add +19.7% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 2,814 | $108K | Reduce -29.3% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 104,000 | $101K | No change |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 25,330 | $100K | Add +1804.5% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 100,000 | $96K | New |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 3,468 | $87K | Reduce -0.5% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 650 | $79K | Reduce -98.7% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 27,500 | $77K | Add +5400.0% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 2,194 | $68K | Add +117.2% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 1,020 | $62K | Reduce -5.9% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 15,773 | $58K | Reduce -3.6% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 28,000 | $50K | Reduce -99.6% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 2,752 | $48K | No change |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 45,000 | $42K | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 540 | $40K | Reduce -1.5% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 4,434 | $38K | Add +1.4% |
| ACHR.WS Archer Aviation Inc. -CW26 | *W EXP 09/16/202 | 11,100 | $36K | Reduce -1.6% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 1,788 | $31K | Reduce -58.8% |
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | 1,751 | $30K | Add +5.2% |
| HECLA MINING CO (HL 7 PERP B) | PFD CV SER B | 535 | $27K | Reduce -8.7% |
| UNITED HOMES GROUP INC | *W EXP 03/30/202 | 35,043 | $22K | New |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 25,452 | $22K | Reduce -18.0% |
| READY CAPITAL CORP (RC 6.25 PERP C) | 6.25 CNV PFD C | 1,440 | $21K | Add +124.0% |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 2,762 | $20K | Add +2.1% |
| BBAI.WS Bigbear.ai Holdings -CW28 | *W EXP 12/08/202 | 8,097 | $19K | New |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 20,000 | $19K | New |
| QTEXW Inspira Tech Oxy BHN -CW26 | *W EXP 07/16/202 | 101,936 | $18K | Reduce -9.0% |
| NVAWW Nova Minerals Ltd. -29 | *W EXP 07/24/202 | 3,245 | $17K | Reduce -5.8% |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 2,638 | $16K | Add +11.9% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 673 | $16K | Add +6.2% |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 12,050 | $15K | Reduce -0.8% |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 53,963 | $13K | No change |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 2,630 | $11K | Add +0.8% |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 2,573 | $11K | Reduce -1.6% |
| BFRGW Bullfrog AI Holdings Inc.-28 | *W EXP 01/18/202 | 19,180 | $11K | Reduce -33.7% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 184 | $10K | Reduce -85.8% |
| WLACW Willow Lane Acquisition - 29 | *W EXP 10/31/203 | 24,893 | $9K | Reduce -11.6% |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 52,230 | $8K | Add +0.4% |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | 1,052 | $8K | Reduce -56.0% |
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | 993 | $8K | Reduce -58.3% |
| BEATW Heartbeam Inc.-CW26 | *W EXP 10/31/202 | 22,603 | $7K | Reduce -1.4% |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 42,454 | $7K | Reduce -0.0% |
| FATBW Fat Brands Inc. -CW25 | *W EXP 07/16/202 | 2,723 | $7K | Reduce -0.7% |
| BIAFW Bioaffinity Technologiew-27 | *W EXP 09/07/202 | 48,572 | $6K | Add +0.6% |
| IONQ.WS Ionq Inc. -CW26 | *W EXP 09/30/202 | 199 | $6K | New |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 28,389 | $6K | Add +168.4% |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 6,000 | $6K | No change |
| HSPRF Horizon Space Acquisition-RT | RIGHT 12/27/2024 | 37,901 | $6K | Reduce -5.6% |
| SBFMW Sunshine Biopharma Inc. -27 | *W EXP 02/15/202 | 24,569 | $6K | Reduce -17.4% |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 10,549 | $6K | Reduce -62.2% |
| JVSAR Jvspac Acquisition Corp.-RTS | RIGHT 11/26/2026 | 6,264 | $5K | Add +21.0% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,500 | $5K | No change |
| BULLW Webull Corp.-30 | *W EXP 04/10/203 | 1,300 | $5K | New |
| NXLIW Nexalin Technology Inc.- 27 | *W EXP 99/99/999 | 105,909 | $5K | Reduce -1.2% |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 165,463 | $5K | Reduce -20.2% |
| BULLZ Webull Corp.-29 | *W EXP 04/10/202 | 2,557 | $5K | New |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 22,787 | $4K | Reduce -32.3% |
| RUMBW Rumble Inc.-CW28 | *W EXP 09/16/202 | 1,428 | $4K | New |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 3,670 | $4K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 49,523 | $4K | Reduce -1.7% |
| HYMCL Hycroft Mining Holding -CW25 | *W EXP 10/06/202 | 216,958 | $4K | Add +7151.3% |
| WGSWW Genedx Holdings Corp. | *W EXP 07/22/202 | 49,588 | $4K | Reduce -65.4% |
| ALVOW Alvotech SA -27 | *W EXP 99/99/999 | 2,673 | $4K | Add +72.5% |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 20,448 | $4K | Reduce -13.9% |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 25,107 | $4K | No change |
| NTRBW Nutriband Inc. -CW26 | *W EXP 99/99/999 | 2,177 | $3K | Reduce -8.3% |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 195 | $3K | Reduce -97.5% |
| SEATW Vivid Seats Inc. -CW26 | *W EXP 10/18/202 | 23,494 | $3K | Reduce -33.5% |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 52,532 | $3K | Add +249.1% |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 4,504 | $3K | No change |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 23,009 | $3K | Reduce -9.3% |
| T1 ENERGY INC | *W EXP 07/09/202 | 20,237 | $3K | No change |
| IVDAW Iveda Solutions Inc. -CW27 | *W EXP 04/01/202 | 22,186 | $3K | Reduce -24.3% |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 11,082 | $3K | Reduce -21.3% |
| ASPSZ Altisource Portfolio - 29C | *W EXP 04/02/202 | 4,977 | $3K | New |
| CRESW Cresud Saci-CW26 | *W EXP 03/09/202 | 3,000 | $3K | Add +15.4% |
| TMCWW TMC the Metals Co. Inc. -CW25I | *W EXP 09/09/202 | 1,713 | $3K | Add +165.2% |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 3,000 | $2K | Add +79.6% |
| ASPSW Altisource Portfolio - 30 | *W EXP 04/30/203 | 4,977 | $2K | New |
| DC.WS Dakota Gold Corp.-26 | *W EXP 03/15/202 | 1,436 | $2K | Reduce -43.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 3,000 | $2K | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 2,500 | $2K | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 2,500 | $2K | No change |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 28,003 | $2K | Reduce -3.9% |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | 1,166 | $2K | New |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 2,498 | $2K | Reduce -83.2% |
| MOBBW Mobilicom Ltd. -27 | *W EXP 08/31/202 | 5,639 | $2K | Reduce -76.2% |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 27,757 | $2K | Reduce -6.1% |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 1,181 | $2K | New |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 4,220 | $2K | Reduce -85.8% |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 27,664 | $2K | Add +16.1% |
| MAPSW WM Technology Inc.-CW24 | *W EXP 06/16/202 | 168,996 | $2K | Add +305.9% |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 138 | $2K | Reduce -93.9% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 1,500 | $2K | No change |
| GIPRW Generation Income Proper -CW | *W EXP 99/99/999 | 30,121 | $2K | Reduce -0.5% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 20 | $2K | New |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 1,500 | $2K | No change |
| HOLOW Golden Path Acq -CW28 | *W EXP 01/31/202 | 12,180 | $2K | Add +346.3% |
| MNYWW Moneyhero Ltd.-28 | *W EXP 09/13/202 | 33,754 | $2K | Add +88.9% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 1,500 | $2K | No change |
| ABLLW East Resources Acquis -CW27 | *W EXP 06/30/202 | 1,341 | $2K | Reduce -49.3% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 1,500 | $1K | No change |
| IRS.WS Irsa Inversiones Y Rep -CW26 | *W EXP 05/12/202 | 1,101 | $1K | Add +0.9% |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 1,632 | $1K | New |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 170 | $1K | Reduce -65.3% |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 1,330 | $1K | No change |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 5,200 | $1K | Add +57.6% |
| NIOBW Niocorp Developments Ltd. -28 | *W EXP 03/17/202 | 2,878 | $1K | Add +10.4% |
| NEOVW Neovolta Inc. -CW27 | *W EXP 04/01/202 | 916 | $1K | Reduce -6.6% |
| EVEX.WS Eve Holdng Inc. -CW25 | *W EXP 05/09/202 | 1,378 | $1K | Reduce -37.1% |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 637 | $1K | Reduce -2.9% |
| BCTXZ Briacell Therapeutics - 30 | *W EXP 99/99/999 | 1,189 | $1K | New |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 2,620 | $1K | Reduce -80.8% |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 1,000 | $1K | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,000 | $1K | New |
| LMP CAPITAL AND INCOME FUND | RIGHT 07/11/2025 | 16,984 | $1K | Add +64.5% |
| MYSEW Datchat Inc. -CW26 | *W EXP 08/17/202 | 5,371 | $1K | Reduce -62.9% |
| BBLGW Bone Biologics Corp. -CW26 | *W EXP 10/13/202 | 143 | $1K | No change |
| NESRW National Energy Service-CW23 | *W EXP 06/06/202 | 2,046 | $1K | Add +25.7% |
| AIMDW Ainos Inc. - 27 | *W EXP 07/29/202 | 6,996 | $1K | Reduce -78.5% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 670 | $1K | No change |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 2,623 | $1K | Reduce -41.3% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 4,070 | $1K | Reduce -61.4% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,000 | $1K | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 670 | $1K | No change |
| LUCYW Innovative Eyewear Inc.-CW23 | *W EXP 08/16/202 | 11,892 | $951 | Add +50.5% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 1,000 | $941 | No change |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 1,000 | $939 | New |
| NRSNW Neurosense Therapeuti -CW23 | *W EXP 11/10/202 | 1,470 | $932 | Reduce -48.3% |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 4,153 | $914 | No change |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 4,795 | $911 | Reduce -22.4% |
Largest 200 of 374 shown.
Total filed on the 13F, all lines: $478.3B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -10.9% | 2.32% | −0.66 |
| UNH Unitedhealth Group Inc. | Reduce -19.8% | 0.29% | −0.35 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -19.8% | 1.32% | −0.26 |
| UBS UBS Group AG-Reg | Reduce -21.3% | 0.82% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.3% | 0.55% | −0.16 |
| MRK Merck & Co. Inc. | Reduce -19.8% | 0.28% | −0.14 |
| MCD McDonald's Corp. | Reduce -20.8% | 0.31% | −0.13 |
| HD Home Depot Inc. | Reduce -19.0% | 0.43% | −0.13 |
| HPE Hewlett Packard Enterprise | Reduce -82.8% | 0.03% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -12.0% | 0.37% | −0.11 |
| GLD SPDR Gold Shares | Reduce -18.1% | 0.42% | −0.09 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.09 |
| LUV Southwest Airlines Co. | Reduce -52.4% | 0.07% | −0.09 |
| EBAY eBay Inc. | Reduce -56.0% | 0.07% | −0.09 |
| SCHX Schwab US Large-Cap ETF | Reduce -93.5% | 0.01% | −0.09 |
| CRH CRH PLC | Reduce -43.0% | 0.11% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.2% | 0.20% | −0.08 |
| PH Parker Hannifin Corp. | Reduce -41.4% | 0.14% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -18.7% | 0.40% | −0.07 |
| NEE Nextera Energy Inc. | Reduce -14.5% | 0.27% | −0.07 |
| TFX Teleflex Inc. | Reduce -55.8% | 0.04% | −0.07 |
| PCAR Paccar Inc. | Reduce -56.1% | 0.04% | −0.06 |
| XBI SS SPDR S&P Biotech ETF | Reduce -42.8% | 0.07% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -16.9% | 0.13% | −0.06 |
| LIN Linde PLC | Reduce -16.3% | 0.22% | −0.06 |
| PEP Pepsico Inc. | Reduce -7.1% | 0.19% | −0.06 |
| CRL Charles River Laboratories | Reduce -69.3% | 0.02% | −0.06 |
| K Kellanova | Reduce -27.1% | 0.10% | −0.05 |
| MRSH Marsh & McLennan Cos | Reduce -4.3% | 0.21% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -16.5% | 0.38% | −0.05 |
| UCON First Trust Smith Unconstrai | Reduce -93.1% | 0.00% | −0.05 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.05 |
| ICE Intercontinental Exchange Inc. | Reduce -29.6% | 0.11% | −0.05 |
| OKE Oneok Inc. | Reduce -12.7% | 0.09% | −0.04 |
| AVTR Avantor Inc. | Reduce -63.5% | 0.02% | −0.04 |
| BAC Bank of America Corp. | Reduce -18.1% | 0.30% | −0.04 |
| MO Altria Group Inc. | Reduce -20.1% | 0.12% | −0.04 |
| AMCR Amcor PLC | Reduce -52.2% | 0.03% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -46.8% | 0.02% | −0.04 |
| UBER Uber Technologies Inc. | Reduce -28.5% | 0.26% | −0.04 |
| DASH DoorDash Inc. Class A | Reduce -62.4% | 0.04% | −0.04 |
| FTV Fortive Corp. | Reduce -30.9% | 0.04% | −0.04 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.04 |
| KO The Coca-Cola Co. | Reduce -2.6% | 0.39% | −0.04 |
| XLV SS Health Care Select Sector | Reduce -19.0% | 0.09% | −0.04 |
| X United States Steel Corp. | Sold out | 0.00% | −0.04 |
| ABT Abbott Laboratories | Reduce -10.0% | 0.25% | −0.04 |
| WMB Williams Cos Inc. | Reduce -19.3% | 0.15% | −0.04 |
| COP Conocophillips | Reduce -10.5% | 0.10% | −0.04 |
| TGT Target Corp. | Reduce -16.5% | 0.11% | −0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| NFLX Netflix Inc. | Add +15.9% | 0.53% | +0.19 |
| AMRZ Amrize Ltd. | New | 0.16% | +0.16 |
| ORCL Oracle Corp. | Add +0.2% | 0.49% | +0.16 |
| TSLA Tesla Inc. | Add +22.7% | 0.53% | +0.16 |
| SU Suncor Energy Inc. | Add +296.4% | 0.13% | +0.09 |
| PATH Uipath Inc. Class A | Add +438.7% | 0.10% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.7% | 0.64% | +0.08 |
| CEG Constellation Energy | Add +12.7% | 0.18% | +0.08 |
| KVUE Kenvue Inc. | Add +241.9% | 0.11% | +0.07 |
| SOXX iShares Semiconductor ETF | Add +126.8% | 0.11% | +0.07 |
| TDG Transdigm Group Inc. | Add +58.8% | 0.18% | +0.07 |
| ACN Accenture PLC Class A | Add +49.3% | 0.26% | +0.07 |
| ADI Analog Devices Inc. | Add +22.1% | 0.25% | +0.07 |
| FER Ferrovial NV | Add +188.7% | 0.10% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.7% | 0.54% | +0.06 |
| RTX RTX Corp. | Add +16.2% | 0.32% | +0.06 |
| AZEK The Azek Co. Inc. | Add +276.6% | 0.07% | +0.05 |
| CRWV Coreweave Inc. Class A | Add +520.8% | 0.06% | +0.05 |
| BPMC Blueprint Medicines Corp. | Add +913.5% | 0.06% | +0.05 |
| BSX Boston Scientific Corp. | Add +24.0% | 0.26% | +0.05 |
| MRVL Marvell Technology Inc. | Add +31.5% | 0.14% | +0.05 |
| SNOW Snowflake Inc. | Add +43.1% | 0.10% | +0.05 |
| ZS Zscaler Inc. | Add +16.5% | 0.12% | +0.05 |
| COF Capital One Financial Corp. | Add +53.9% | 0.12% | +0.05 |
| INTU Intuit Inc. | Add +12.0% | 0.19% | +0.05 |
| SPOT Spotify Technology SA | Add +29.6% | 0.12% | +0.05 |
| QCOM Qualcomm Inc. | Add +18.5% | 0.35% | +0.05 |
| SN Sharkninja Inc. | Add +334.7% | 0.06% | +0.05 |
| VST Vistra Corp. | Add +2.6% | 0.12% | +0.05 |
| ROK Rockwell Automation Inc. | Add +9.1% | 0.18% | +0.04 |
| BABA Alibaba Group Holding-SP ADR | Add +68.1% | 0.17% | +0.04 |
| ARM Arm Holdings PLC-ADR | Add +15.3% | 0.11% | +0.04 |
| EWZ iShares MSCI Brazil ETF | Add +95.9% | 0.08% | +0.04 |
| KLAC KLA Corp. | Add +11.7% | 0.15% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +4.8% | 0.10% | +0.04 |
| SKX Skechers USA Inc. Class A | Add +143.0% | 0.07% | +0.04 |
| COIN Coinbase Global Inc. Class A | Add +75.2% | 0.06% | +0.04 |
| RBLX Roblox Corp. Class A | Add +91.0% | 0.06% | +0.04 |
| DB Deutsche Bank AG-Registered | Add +9.0% | 0.20% | +0.04 |
| SE Sea Ltd.-ADR | Add +80.2% | 0.08% | +0.04 |
| HCA HCA Healthcare Inc. | Add +41.2% | 0.13% | +0.04 |
| SOFI Sofi Technologies Inc. | Add +41.0% | 0.08% | +0.04 |
| FSLR First Solar Inc. | Add +54.4% | 0.08% | +0.04 |
| HWM Howmet Aerospace Inc. | Add +8.1% | 0.12% | +0.04 |
| SLV iShares Silver Trust | Add +45.5% | 0.12% | +0.04 |
| FIVE Five Below | Add +254.2% | 0.04% | +0.04 |
| COST Costco Wholesale Corp. | Add +7.7% | 0.61% | +0.04 |
| CAR Avis Budget Group Inc. | Add +1.0% | 0.07% | +0.04 |
| DLR Digital Realty Trust Inc. | Add +61.9% | 0.08% | +0.04 |
| TWLO Twilio Inc. Class A | Add +169.8% | 0.05% | +0.04 |
Options Activity Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | put | Add +84.2% | 8,932,024 | $4.9B |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -51.5% | 5,952,991 | $3.7B |
| IWM iShares Russell 2000 ETF | put | Add +31.7% | 13,798,800 | $3.0B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -9.4% | 36,144,100 | $2.9B |
| NVDA Nvidia Corp. | put | Add +16.4% | 18,432,939 | $2.9B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +56.2% | 4,202,276 | $2.6B |
| NVDA Nvidia Corp. | call | Reduce -11.2% | 16,114,331 | $2.5B |
| EEM iShares MSCI Emerging Market | call | Add +41.2% | 48,180,600 | $2.3B |
| AAPL Apple Inc. | put | Add +4.5% | 8,257,000 | $1.7B |
| TSM Taiwan Semiconductor-SP ADR | put | Add +22.4% | 7,235,100 | $1.6B |
| IWM iShares Russell 2000 ETF | call | Add +1.9% | 6,885,854 | $1.5B |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -26.8% | 2,674,760 | $1.5B |
| TSLA Tesla Inc. | call | Add +15.4% | 4,231,488 | $1.3B |
| TSLA Tesla Inc. | put | Add +8.3% | 3,566,900 | $1.1B |
| MSFT Microsoft Corp. | put | Reduce -16.1% | 2,014,795 | $1.0B |
| ALC Alcon Inc. | call | Add +1124.2% | 10,878,100 | $960.3M |
| AAPL Apple Inc. | call | Add +7.4% | 4,659,165 | $955.9M |
| META Meta Platforms Inc. Class A | put | Add +14.6% | 1,285,860 | $949.1M |
| EEM iShares MSCI Emerging Market | put | Reduce -15.2% | 19,502,400 | $940.8M |
| AMZN Amazon.com Inc. | put | Add +9.0% | 4,229,729 | $928.0M |
| GLD SPDR Gold Shares | call | Add +1.5% | 2,737,352 | $834.4M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Add +218.9% | 9,985,800 | $805.4M |
| MSFT Microsoft Corp. | call | Reduce -44.2% | 1,580,110 | $786.0M |
| BAC Bank of America Corp. | put | Reduce -11.2% | 16,508,000 | $781.2M |
| SLV iShares Silver Trust | call | Add +20.6% | 22,750,934 | $746.5M |
| META Meta Platforms Inc. Class A | call | Reduce -12.2% | 958,499 | $707.5M |
| GOOGL Alphabet Inc. Class A | put | Add +21.8% | 3,976,501 | $700.8M |
| V Visa Inc. Class A | put | Add +38.5% | 1,921,440 | $682.2M |
| XLF SS Financial Select Sector | put | Add +19.6% | 12,966,100 | $679.0M |
| AVGO Broadcom Inc. | put | Reduce -3.1% | 2,288,500 | $630.8M |
| AMD Advanced Micro Devices | put | Add +37.1% | 4,424,100 | $627.8M |
| XLF SS Financial Select Sector | call | Add +11.1% | 11,945,016 | $625.6M |
| RKLB Rocket Lab Corp. | call | Reduce -0.2% | 17,330,323 | $619.9M |
| NFLX Netflix Inc. | put | Reduce -22.4% | 384,900 | $515.4M |
| MRVL Marvell Technology Inc. | put | Add +920.6% | 6,555,101 | $507.4M |
| EWZ iShares MSCI Brazil ETF | call | Add +37.9% | 16,683,400 | $481.3M |
| JPM JPMorgan Chase & Co. | put | Reduce -32.1% | 1,583,600 | $459.1M |
| XLE SS Energy Select Sector | put | Reduce -12.4% | 5,070,600 | $430.0M |
| GOOGL Alphabet Inc. Class A | call | Reduce -7.4% | 2,421,162 | $426.7M |
| AMZN Amazon.com Inc. | call | Reduce -33.8% | 1,939,227 | $425.4M |
| CRWD CrowdStrike Holdings Inc. Class A | put | Reduce -7.2% | 800,200 | $407.5M |
| SOFI Sofi Technologies Inc. | call | Add +91.7% | 21,789,300 | $396.8M |
| AMD Advanced Micro Devices | call | Add +16.0% | 2,778,221 | $394.2M |
| PLTR Palantir Technologies Inc. Class A | put | Reduce -8.7% | 2,856,400 | $389.4M |
| PLTR Palantir Technologies Inc. Class A | call | Add +4.6% | 2,817,684 | $384.1M |
| TSM Taiwan Semiconductor-SP ADR | call | Reduce -35.7% | 1,654,137 | $374.6M |
| GOOG Alphabet Inc. Class C | put | Reduce -2.0% | 2,035,400 | $361.1M |
| XLY SS Consumer Disc Select Sect | put | Add +15.3% | 1,615,000 | $351.0M |
| AVGO Broadcom Inc. | call | Reduce -44.4% | 1,251,270 | $344.9M |
| XLE SS Energy Select Sector | call | Add +8.4% | 4,000,220 | $339.3M |
Showing the first 50 of 1,350.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +35352.7% | 57,139,170 | $56.5M |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | Add +7216.1% | 32,703,000 | $32.4M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Add +2537313.4% | 17,000,670 | $26.1M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +336600.0% | 18,518,500 | $18.7M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | New | 19,804,000 | $18.7M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +2955671.6% | 19,803,670 | $18.7M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | New | 16,544,000 | $18.6M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 6,515,500 | $16.0Mbefore exit |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | Add +1122533.3% | 16,839,500 | $15.5M |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Sold out | 13,750,000 | $14.5Mbefore exit |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Reduce -15.0% | 18,057,670 | $14.3M |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Add +286680.0% | 14,339,000 | $12.8M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 13,933,000 | $12.5M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Add +37.8% | 13,779,000 | $12.0M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | New | 7,500,000 | $11.5M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 10,800,000 | $11.2M |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Sold out | 11,963,000 | $10.8Mbefore exit |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Add +5.9% | 10,133,000 | $9.6M |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | Sold out | 9,430,000 | $8.9Mbefore exit |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.5% | 7,488 | $8.8M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 7,829,000 | $8.5M |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Add +236.8% | 8,776,000 | $8.2M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -48.3% | 6,394 | $7.8M |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | New | 7,752,000 | $7.7M |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | New | 6,985,000 | $7.3M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | New | 6,484,000 | $7.2M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Reduce -49.0% | 124,196 | $6.7M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 5,774,000 | $6.6M |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Add +497.3% | 4,808,000 | $6.5M |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | Sold out | 6,500,000 | $6.5Mbefore exit |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | Add +557000.0% | 5,571,000 | $6.3M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +6909.9% | 6,379,000 | $6.3M |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | New | 6,539,000 | $6.1M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Add +1158181.8% | 3,822,330 | $6.1M |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | New | 7,000,000 | $5.9M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Sold out | 5,645,000 | $5.3Mbefore exit |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | New | 4,970,000 | $5.3M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Sold out | 4,014,000 | $4.7Mbefore exit |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Reduce -50.5% | 4,644,000 | $4.6M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | New | 3,869,000 | $4.4M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +1926.4% | 107,400 | $4.0M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Add +515373.1% | 3,453,670 | $3.3M |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | Reduce -82.8% | 2,758,500 | $2.7M |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | Sold out | 2,975,000 | $2.6Mbefore exit |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +230000.0% | 1,541,670 | $2.2M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | New | 1,460,000 | $2.1M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 2,095,000 | $2.0M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 29,617 | $2.0M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | New | 1,856,000 | $1.8M |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Add +2397.8% | 155,485 | $1.7M |
Showing the first 50 of 450.
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 |