UBS Group AG
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), UBS Group AG reported 8,513 stock positions worth $511.5 billion. Its top holding was Nvidia (NVDA) at 3.2% of the portfolio, followed by Microsoft (MSFT, 3.1%) and Apple (AAPL, 2.5%). Compared with Q2 2025, it opened 908 new positions, sold out of 894, added to 3,533 and reduced 3,923. The biggest buy was UBS Group AG-Reg (UBS, shares +14%) and the biggest sale Microsoft (MSFT, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001610520
- Portfolio Value
- $511.5B (Q3 2025)
- SEC Filing
- 0001193125-25-279802 ↗ filed Nov 13, 2025
Holdings Value
Holdings 8,513 stocks · $511.5B
| NVDA Nvidia Corp. | 3.19% | 87,531,543 | $16.3B | Reduce -9.0% |
| MSFT Microsoft Corp. | 3.07% | 30,364,399 | $15.7B | Reduce -3.9% |
| AAPL Apple Inc. | 2.48% | 49,813,806 | $12.7B | Reduce -8.0% |
| AMZN Amazon.com Inc. | 1.56% | 36,264,333 | $8.0B | Add +1.1% |
| AVGO Broadcom Inc. | 1.52% | 23,567,882 | $7.8B | Reduce -7.6% |
| META Meta Platforms Inc. Class A | 1.32% | 9,203,146 | $6.8B | Add +0.0% |
| JPM JPMorgan Chase & Co. | 1.21% | 19,561,246 | $6.2B | Reduce -4.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.17% | 8,989,578 | $6.0B | Reduce -12.2% |
| GOOGL Alphabet Inc. Class A | 1.16% | 24,382,097 | $5.9B | Reduce -5.5% |
| UBS UBS Group AG-Reg | 1.06% | 132,478,549 | $5.4B | Add +14.3% |
| GOOG Alphabet Inc. Class C | 1.04% | 21,758,759 | $5.3B | Reduce -0.1% |
| V Visa Inc. Class A | 0.76% | 11,408,201 | $3.9B | Reduce -4.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.72% | 6,166,310 | $3.7B | Add +11.3% |
| ORCL Oracle Corp. | 0.63% | 11,534,500 | $3.2B | Add +7.7% |
| IVV iShares Core S&P 500 ETF | 0.62% | 4,772,201 | $3.2B | Add +53.9% |
| LLY Eli Lilly & Co. | 0.59% | 3,970,245 | $3.0B | Add +1.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.54% | 5,804,268 | $2.8B | Reduce -1.9% |
| IWF iShares Russell 1000 Growth | 0.54% | 5,890,235 | $2.8B | Reduce -2.1% |
| ABBV Abbvie Inc. | 0.53% | 11,718,236 | $2.7B | Reduce -0.7% |
| COST Costco Wholesale Corp. | 0.52% | 2,857,562 | $2.6B | Reduce -2.8% |
| HD Home Depot Inc. | 0.50% | 6,277,608 | $2.5B | Add +12.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.50% | 13,601,000 | $2.5B | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.49% | 5,022,442 | $2.5B | Reduce -6.4% |
| VOO Vanguard S&P 500 ETF | 0.49% | 4,093,689 | $2.5B | Add +1.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.47% | 8,630,890 | $2.4B | Add +3.8% |
| GLD SPDR Gold Shares | 0.47% | 6,747,999 | $2.4B | Add +1.9% |
| MA Mastercard Inc. Class A | 0.45% | 4,072,004 | $2.3B | Add +7.4% |
| NFLX Netflix Inc. | 0.43% | 1,834,393 | $2.2B | Reduce -2.2% |
| TSLA Tesla Inc. | 0.41% | 4,733,819 | $2.1B | Reduce -40.7% |
| XOM Exxon Mobil Corp. | 0.40% | 18,092,473 | $2.0B | Add +1.4% |
| GS Goldman Sachs Group Inc. | 0.39% | 2,503,101 | $2.0B | Reduce -11.6% |
| JNJ Johnson & Johnson | 0.38% | 10,400,291 | $1.9B | Reduce -17.1% |
| KO The Coca-Cola Co. | 0.37% | 28,863,606 | $1.9B | Add +8.3% |
| WMT Walmart Inc. | 0.37% | 18,272,097 | $1.9B | Reduce -7.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.36% | 21,274,307 | $1.9B | Add +1.9% |
| PG The Procter & Gamble Co. | 0.35% | 11,754,840 | $1.8B | Add +5.7% |
| CSCO Cisco Systems Inc. | 0.35% | 25,869,275 | $1.8B | Reduce -0.3% |
| CVX Chevron Corp. | 0.34% | 11,092,421 | $1.7B | Reduce -28.6% |
| MU Micron Technology Inc. | 0.33% | 10,010,186 | $1.7B | Add +4.6% |
| VEA Vanguard Ftse Developed ETF | 0.33% | 27,892,513 | $1.7B | Add +1.7% |
| PANW Palo Alto Networks Inc. | 0.32% | 8,084,781 | $1.6B | Add +19.1% |
| MS Morgan Stanley | 0.32% | 10,332,858 | $1.6B | Reduce -7.1% |
| UBER Uber Technologies Inc. | 0.32% | 16,661,853 | $1.6B | Add +24.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.32% | 5,536,201 | $1.6B | Reduce -2.5% |
| MCD McDonald's Corp. | 0.32% | 5,308,014 | $1.6B | Add +5.8% |
| HON Honeywell International Inc. | 0.31% | 7,488,492 | $1.6B | Add +3.6% |
| UNH Unitedhealth Group Inc. | 0.31% | 4,563,531 | $1.6B | Add +3.6% |
| QCOM Qualcomm Inc. | 0.31% | 9,457,319 | $1.6B | Reduce -9.6% |
| RTX RTX Corp. | 0.31% | 9,345,856 | $1.6B | Reduce -10.2% |
| IWD iShares Russell 1000 Value E | 0.31% | 7,678,670 | $1.6B | Reduce -1.7% |
| ETN Eaton Corp. PLC | 0.31% | 4,176,833 | $1.6B | Add +4.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 29,291,187 | $1.5B | Reduce -2.8% |
| IJH iShares Core S&P Midcap ETF | 0.29% | 23,084,628 | $1.5B | Add +3.2% |
| BABA Alibaba Group Holding-SP ADR | 0.29% | 8,427,575 | $1.5B | Add +19.6% |
| XLK SS Technology Select Sector | 0.28% | 5,098,361 | $1.4B | Add +1.9% |
| MRK Merck & Co. Inc. | 0.28% | 16,906,008 | $1.4B | Add +0.0% |
| NEE Nextera Energy Inc. | 0.27% | 18,623,265 | $1.4B | Add +0.4% |
| PLTR Palantir Technologies Inc. Class A | 0.27% | 7,630,746 | $1.4B | Reduce -7.7% |
| CRM Salesforce Inc. | 0.27% | 5,864,122 | $1.4B | Reduce -4.7% |
| VIG Vanguard Dividend Apprec ETF | 0.27% | 6,330,710 | $1.4B | Reduce -3.4% |
| TLT iShares 20+ Year Treasury BD | 0.26% | 15,104,678 | $1.3B | Add +33.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.26% | 4,089,946 | $1.3B | Reduce -1.9% |
| RSP Invesco S&P 500 Equal Weight | 0.26% | 7,029,161 | $1.3B | Reduce -1.6% |
| ABT Abbott Laboratories | 0.26% | 9,814,719 | $1.3B | Add +11.3% |
| AMD Advanced Micro Devices | 0.25% | 8,022,115 | $1.3B | Reduce -13.5% |
| AXP American Express Co. | 0.25% | 3,860,438 | $1.3B | Add +3.1% |
| VGT Vanguard Info Tech ETF | 0.25% | 1,716,905 | $1.3B | Reduce -4.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 4,507,835 | $1.3B | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.24% | 10,381,294 | $1.2B | Add +3.7% |
| AMGN Amgen Inc. | 0.23% | 4,232,754 | $1.2B | Reduce -7.5% |
| TXN Texas Instruments Inc. | 0.23% | 6,409,667 | $1.2B | Add +0.5% |
| VZ Verizon Communications Inc. | 0.23% | 26,693,429 | $1.2B | Add +14.8% |
| BLK BlackRock Inc. | 0.23% | 995,343 | $1.2B | Reduce -16.1% |
| APP AppLovin Corp. Class A | 0.23% | 1,608,615 | $1.2B | Add +51.6% |
| BX Blackstone Inc. | 0.22% | 6,581,790 | $1.1B | Reduce -1.8% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 2,318,453 | $1.1B | Reduce -3.6% |
| EFA iShares MSCI Eafe ETF | 0.22% | 11,996,867 | $1.1B | Add +0.6% |
| LIN Linde PLC | 0.22% | 2,339,242 | $1.1B | Add +2.5% |
| UNP Union Pacific Corp. | 0.22% | 4,671,584 | $1.1B | Add +4.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.22% | 7,620,003 | $1.1B | Add +3.8% |
| ACN Accenture PLC Class A | 0.21% | 4,366,643 | $1.1B | Add +4.4% |
| IVW iShares S&P 500 Growth ETF | 0.21% | 8,911,282 | $1.1B | Add +0.9% |
| MDT Medtronic PLC | 0.21% | 11,202,878 | $1.1B | Add +96.1% |
| DB Deutsche Bank AG-Registered | 0.21% | 29,955,024 | $1.1B | Reduce -6.5% |
| VWO Vanguard Ftse Emerging Marke | 0.21% | 19,436,844 | $1.1B | Add +4.7% |
| BSX Boston Scientific Corp. | 0.20% | 10,567,142 | $1.0B | Reduce -8.2% |
| INTC Intel Corp. | 0.20% | 30,745,779 | $1.0B | Reduce -28.4% |
| GE General Electric filed as GE AEROSPACE | 0.20% | 3,405,042 | $1.0B | Reduce -5.3% |
| LRCX Lam Research Corp. | 0.19% | 7,424,564 | $994.1M | Reduce -24.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 3,850,412 | $979.1M | Reduce -6.0% |
| BA The Boeing Co. | 0.19% | 4,523,638 | $976.3M | Reduce -5.5% |
| FXI iShares China Large-Cap ETF | 0.19% | 23,264,603 | $957.1M | Reduce -4.9% |
| IWM iShares Russell 2000 ETF | 0.18% | 3,885,475 | $940.1M | Reduce -5.1% |
| AGG iShares Core U.S. Aggregate | 0.18% | 9,369,437 | $939.3M | Reduce -6.1% |
| LUV Southwest Airlines Co. | 0.18% | 28,282,033 | $902.5M | Add +174.5% |
| IEMG iShares Core MSCI Emerging | 0.18% | 13,643,228 | $899.4M | Reduce -0.1% |
| SBUX Starbucks Corp. | 0.17% | 10,484,501 | $887.0M | Reduce -10.0% |
| WDC Western Digital Corp. | 0.17% | 7,329,996 | $880.0M | Reduce -35.9% |
| ANET Arista Networks Inc. | 0.17% | 5,993,383 | $873.3M | Reduce -17.0% |
| PWR Quanta Services Inc. | 0.17% | 2,103,214 | $871.6M | Reduce -7.3% |
Options reported separately and not counted above: SPY puts ($19.0B), QQQ puts ($6.1B), HYG puts ($3.2B), NVDA puts ($3.1B), NVDA calls ($2.9B), EEM calls ($2.5B), AAPL puts ($2.3B), SPY calls ($2.0B), IWM puts ($2.0B), IWM calls ($1.9B), QQQ calls ($1.7B), TSLA calls ($1.6B), and 1402 more.
Other holdings (349): bonds, preferreds, convertibles and warrants · $153.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 17,806,000 | $32.7M | Add +3830.7% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 19,751,830 | $20.0M | Reduce -65.4% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 17,336,500 | $18.2M | Reduce -6.4% |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 13,274,000 | $13.2M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 13,741,000 | $12.6M | Reduce -4.2% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 6,775 | $8.7M | Add +6.0% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 6,869 | $8.5M | Reduce -8.3% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 7,116,000 | $7.3M | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 3,839,670 | $5.5M | Add +0.5% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 4,800,000 | $5.1M | Reduce -55.6% |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 5,000,000 | $5.0M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 3,603,000 | $3.3M | New |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 2,615,000 | $2.5M | Add +52.7% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 154,234 | $1.8M | Reduce -0.8% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 1,716,000 | $1.8M | New |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | 30,033 | $750K | Reduce -7.2% |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 750,000 | $738K | New |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 533,000 | $679K | Reduce -20.8% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 531,000 | $604K | New |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | 28,000 | $513K | Reduce -67.3% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 6,400 | $445K | Reduce -11.1% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 16,475 | $420K | Reduce -5.4% |
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 46,145 | $341K | Reduce -16.3% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 13,288 | $269K | Add +643.2% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 290,500 | $268K | Add +11520.0% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 3,918 | $196K | Reduce -15.2% |
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 2,343,220 | $183K | Add +135.5% |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 544 | $148K | New |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 1,414 | $137K | Reduce -6.5% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 3,448 | $88K | Reduce -0.6% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 913 | $84K | Add +40.5% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 2,228 | $70K | Add +1.6% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 1,493 | $60K | Reduce -46.9% |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 14,735 | $55K | Reduce -6.6% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 49,000 | $54K | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 50,000 | $49K | Reduce -51.9% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 686 | $40K | Reduce -97.7% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 548 | $39K | Add +1.5% |
| QTEXW Inspira Tech Oxy BHN -CW26 | *W EXP 07/16/202 | 94,321 | $37K | Reduce -7.5% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 30,000 | $34K | Reduce -93.5% |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 2,527 | $31K | Reduce -43.0% |
| NVAWW Nova Minerals Ltd. -29 | *W EXP 07/24/202 | 3,027 | $27K | Reduce -6.7% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 1,076 | $27K | Add +59.9% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 28,000 | $26K | Reduce -99.8% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 27,500 | $25K | Reduce -94.5% |
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | 1,754 | $24K | Add +0.2% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 17,000 | $23K | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 1,152 | $23K | Reduce -58.1% |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 288 | $20K | Reduce -97.0% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 519 | $20K | Reduce -99.5% |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 2,513 | $20K | Reduce -9.0% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 386 | $19K | Add +109.8% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 183 | $18K | Add +815.0% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 297 | $18K | Reduce -70.9% |
| HECLA MINING CO (HL 7 PERP B) | PFD CV SER B | 303 | $17K | Reduce -43.4% |
| BIAFW Bioaffinity Technologiew-27 | *W EXP 09/07/202 | 47,669 | $16K | Reduce -1.9% |
| AFJKR Aimei Health Technology Co. L | RIGHT 11/17/2028 | 46,678 | $15K | Reduce -13.5% |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 12,050 | $11K | No change |
| BFRGW Bullfrog AI Holdings Inc.-28 | *W EXP 01/18/202 | 18,240 | $10K | Reduce -4.9% |
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 25,620 | $9K | Reduce -9.8% |
| NAMSW Newamsterdam Pharma Co. NV-27 | *W EXP 99/99/999 | 512 | $9K | Reduce -48.4% |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 463 | $8K | Add +137.4% |
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 598 | $8K | Reduce -77.3% |
| READY CAPITAL CORP (RC 6.25 PERP C) | 6.25 CNV PFD C | 389 | $6K | Reduce -73.0% |
| PGACR Pantages Capital Acquis-RT | RIGHT 11/15/2029 | 52,130 | $6K | Reduce -0.2% |
| YHNAR YHN Acquisition I Ltd. | RIGHT 08/15/2029 | 42,404 | $6K | Reduce -0.1% |
| BKHAR Black Hawk Acquisition C-RTS | RIGHT 06/20/2025 | 4,504 | $5K | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 4,330 | $5K | Add +18.0% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,500 | $5K | No change |
| ASPCR A Spac III Acquisition Corp. | RIGHT 01/02/2026 | 22,098 | $4K | Reduce -4.0% |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 74 | $4K | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 4,000 | $4K | Reduce -99.9% |
| AMPX.WS Amprius Technologies Inc. | *W EXP 09/14/202 | 1,046 | $4K | New |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 21,690 | $4K | Reduce -21.9% |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 23,347 | $4K | Reduce -7.0% |
| RANGR Range Capital Acquisition Co. | RIGHT 99/99/9999 | 11,082 | $4K | No change |
| ASPSW Altisource Portfolio - 30 | *W EXP 04/30/203 | 5,011 | $4K | Add +0.7% |
| OABIW Omniab Inc. - CW26 | *W EXP 99/99/999 | 19,738 | $3K | Reduce -3.5% |
| OPFI.WS Oppfi Inc. -CW26 | *W EXP 07/20/202 | 1,431 | $3K | Reduce -45.6% |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 49,523 | $3K | No change |
| SBFMW Sunshine Biopharma Inc. -27 | *W EXP 02/15/202 | 23,404 | $3K | Reduce -4.7% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 3,000 | $3K | Reduce -99.8% |
| FVNNR Future Vision II Acquisi-RTS | RIGHT 06/29/2029 | 22,745 | $3K | Add +374.4% |
| IVDAW Iveda Solutions Inc. -CW27 | *W EXP 04/01/202 | 24,233 | $3K | Add +9.2% |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 3,000 | $3K | No change |
| ASPSZ Altisource Portfolio - 29C | *W EXP 04/02/202 | 4,870 | $3K | Reduce -2.1% |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 1,537 | $3K | New |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 28,047 | $3K | Add +0.2% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 3,000 | $3K | No change |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 2,500 | $2K | No change |
| IRS.WS Irsa Inversiones Y Rep -CW26 | *W EXP 05/12/202 | 1,928 | $2K | Add +75.1% |
| BLACKROCK INCOME TR-RT | RIGHT 10/20/2025 | 38,802 | $2K | Reduce -2.4% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 1,330 | $2K | Add +98.5% |
| SEATW Vivid Seats Inc. -CW26 | *W EXP 10/18/202 | 21,296 | $2K | Reduce -9.4% |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 1,250 | $2K | Add +170.0% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 1,330 | $2K | Reduce -100.0% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 2,000 | $2K | Add +100.0% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 2,000 | $2K | Reduce -99.6% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 1,330 | $2K | Add +98.5% |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 147,257 | $2K | Reduce -11.0% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 2,000 | $2K | Add +100.0% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,330 | $2K | Add +98.5% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 1,330 | $2K | Reduce -99.9% |
| CLEARBRIDGE ENERGY MI-RT | RIGHT 10/10/2025 | 92,999 | $2K | Reduce -7.3% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 1,330 | $2K | Add +98.5% |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 1,500 | $2K | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 1,500 | $2K | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 1,000 | $2K | New |
| AISPW Airship AI Holdings Inc.-CW28 | *W EXP 12/21/202 | 965 | $2K | Add +51.5% |
| CRESW Cresud Saci-CW26 | *W EXP 03/09/202 | 2,413 | $2K | Reduce -19.6% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 670 | $2K | Add +103.0% |
| T1 ENERGY INC | *W EXP 07/09/202 | 20,237 | $2K | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 1,000 | $2K | Reduce -100.0% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 1,330 | $1K | Add +98.5% |
| GIPRW Generation Income Proper -CW | *W EXP 99/99/999 | 29,779 | $1K | Reduce -1.1% |
| PDD HOLDINGS INC (PDD 0 12/01/25) | NOTE 12/0 · principal | 1,500 | $1K | Reduce -100.0% |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,330 | $1K | Add +98.5% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 500 | $1K | Reduce -98.2% |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 1,500 | $1K | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 1,500 | $1K | Reduce -100.0% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 2,649 | $1K | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,330 | $1K | Add +98.5% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 1,330 | $1K | Reduce -99.8% |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 1,330 | $1K | Add +98.5% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 1,330 | $1K | Reduce -100.0% |
| PCTTW Purecycle Techno-CW26 | *W EXP 03/17/202 | 383 | $1K | Reduce -85.1% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 1,330 | $1K | Add +98.5% |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 453 | $1K | Add +357.6% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 1,330 | $1K | Reduce -100.0% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 1,330 | $1K | Reduce -100.0% |
| SDAWW Suncar Technology Group -28 | *W EXP 05/17/202 | 22,564 | $1K | Reduce -18.4% |
| OCSAW Oculis Holding AG -30 | *W EXP 03/06/202 | 170 | $1K | No change |
| BBLGW Bone Biologics Corp. -CW26 | *W EXP 10/13/202 | 143 | $1K | No change |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 1,000 | $1K | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 670 | $1K | Add +103.0% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 1,000 | $1K | No change |
| AFRIW Forafric Global PLC -CW27 | *W EXP 06/09/202 | 1,392 | $1K | Reduce -67.0% |
| BRRWW Columbus Circle Capital -30 | *W EXP 05/16/203 | 851 | $1K | Reduce -27.9% |
| EURKR Eureka Acquisition Corp.-RTS | RIGHT 07/03/2026 | 4,112 | $987 | Reduce -1.0% |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | 6,147 | $984 | Add +6.4% |
| OACCW Oaktree Acquisition III -31 | *W EXP 09/01/203 | 1,308 | $981 | Reduce -94.9% |
| LUCYW Innovative Eyewear Inc.-CW23 | *W EXP 08/16/202 | 11,704 | $878 | Reduce -1.6% |
| RIVERNORTH OPPORTUNI-RT | RIGHT 10/06/2025 | 96,336 | $771 | Add +375.0% |
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 358 | $755 | Add +3154.6% |
| FERAR Fifth Era Acquisition Corp. I | RIGHT 02/21/2030 | 2,672 | $708 | Reduce -48.6% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 670 | $694 | Add +103.0% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 670 | $694 | Add +103.0% |
| BTBDW BT Brands Inc. -CW26 | *W EXP 11/12/202 | 2,277 | $679 | New |
| ALDFW Aldel Financial II Inc. - 29 | *W EXP 09/26/203 | 1,288 | $657 | Reduce -7.4% |
| CIFRW Cipher Mining Inc. | *W EXP 08/27/202 | 126 | $630 | New |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | 409 | $618 | New |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 102 | $612 | Reduce -72.8% |
| BFLYW Butterfly Network Inc. -CW25 | *W EXP 02/12/202 | 13,124 | $604 | Reduce -75.0% |
| IPCXR Inflection Point Acquisition | RIGHT 04/25/2030 | 1,307 | $575 | New |
| USGOW US Goldmining Inc.-28 | *W EXP 99/99/999 | 335 | $563 | Reduce -48.1% |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 1,385 | $554 | Reduce -4.3% |
| HOLLEY INC | *W EXP 11/30/202 | 5,025 | $548 | Reduce -4.5% |
| SABSW Sab Biotherapeutics Inc. Class W | *W EXP 10/22/202 | 23,414 | $539 | New |
| PL.WS Planet Labs PBC -CW26 | *W EXP 12/06/202 | 149 | $532 | New |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 500 | $528 | No change |
| TDACW Translational Dev -A -CW26 | *W EXP 12/18/202 | 1,799 | $522 | Reduce -28.5% |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 1,503 | $511 | New |
| GTENW Gores Holdings X Inc.-31 | *W EXP 05/02/203 | 667 | $507 | New |
| LPBBW Launch Two Acquisition -29 | *W EXP 10/09/202 | 1,295 | $479 | Reduce -17.9% |
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | 629 | $453 | Reduce -74.8% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 500 | $452 | Reduce -66.7% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 500 | $440 | No change |
| AIMDW Ainos Inc. - 27 | *W EXP 07/29/202 | 2,312 | $428 | Reduce -67.0% |
| BIVIW Biovie Inc. -30 | *W EXP 08/08/203 | 1,000 | $412 | New |
| BRISTOL MYERS - CELGENE CVR | RIGHT 12/30/2030 | 13,712 | $411 | Add +1.9% |
| LCFYW Locafy Ltd.-CW27 | *W EXP 03/29/202 | 48 | $410 | Reduce -23.8% |
| NRSNW Neurosense Therapeuti -CW23 | *W EXP 11/10/202 | 1,280 | $397 | Reduce -12.9% |
| RITHM PROPERTY TRUST (RPT V9.875 PERP) | 9.875 FXD-FLT C | 15 | $379 | New |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 1,081 | $378 | Reduce -31.7% |
| EVLVW Evolv Technologies -CW26 | *W EXP 07/16/202 | 515 | $376 | New |
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 573 | $332 | Reduce -64.9% |
| IPEXR Inflection Point Acquisition | RIGHT 99/99/9999 | 550 | $330 | Add +1022.5% |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 1,178 | $330 | Reduce -55.0% |
| CRGOW Freightos Ltd.-CW28 | *W EXP 99/99/999 | 1,246 | $312 | Reduce -13.3% |
| QSIAW Quantum-Si Inc. -CW27 | *W EXP 06/10/202 | 1,144 | $309 | New |
| DYCQR DT Cloud Acquisition Cor-RTS | RIGHT 02/14/2029 | 2,208 | $309 | Reduce -0.7% |
| NAMMW Namib Minerals | *W EXP 06/05/203 | 2,190 | $307 | No change |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 601 | $301 | New |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 588 | $296 | Reduce -77.6% |
| NTWOW Newbury Street II Acq - 29 | *W EXP 06/01/203 | 1,245 | $288 | Reduce -7.4% |
| EOS ENERGY ENTER -CW26 | *W EXP 11/17/202 | 144 | $255 | New |
| NOEMR CO2 Energy Transition Co.-RTS | RIGHT 10/15/2028 | 1,042 | $250 | Add +4.2% |
| BGLWW Blue Gold Ltd. | *W EXP 04/01/203 | 540 | $247 | Add +63.1% |
| TACOW Berto Acquisition Corp. - 30 | *W EXP 05/01/203 | 331 | $222 | New |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 966 | $222 | Reduce -12.7% |
| BTMWQ Bitcoin Depot Inc.-CW23 | *W EXP 06/30/202 | 857 | $213 | Add +35.8% |
| EVGO INC | *W EXP 07/01/202 | 1,094 | $208 | Add +57.0% |
| MSPRW MSP Recovery Inc. -27 | *W EXP 05/20/202 | 98,083 | $196 | Reduce -1.3% |
| LEXXW Lexaria Bioscience -CW25 | *W EXP 01/14/202 | 2,424 | $194 | Reduce -42.2% |
| DFNSW T3 Defense Inc.-CW28 | *W EXP 12/22/202 | 1,219 | $184 | Add +1028.7% |
| RAC.WS Rithm Acquisition Corp. - 30 | *W EXP 99/99/999 | 300 | $184 | No change |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 42 | $178 | New |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 257 | $162 | Reduce -93.7% |
| ALCWF Alchemy Investments Acqui-28 | *W EXP 11/30/202 | 1,341 | $161 | Reduce -44.5% |
| CINGW Cingulate -CW23 | *W EXP 12/10/202 | 2,900 | $157 | New |
Largest 200 of 349 shown.
Total filed on the 13F, all lines: $511.6B.
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -3.9% | 3.07% | −0.21 |
| LBRDK Liberty Broadband-C | Reduce -96.0% | 0.00% | −0.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -12.2% | 1.17% | −0.15 |
| CVX Chevron Corp. | Reduce -28.6% | 0.34% | −0.13 |
| V Visa Inc. Class A | Reduce -4.6% | 0.76% | −0.13 |
| TSLA Tesla Inc. | Reduce -40.7% | 0.41% | −0.12 |
| ADI Analog Devices Inc. | Reduce -36.5% | 0.15% | −0.10 |
| SU Suncor Energy Inc. | Reduce -75.2% | 0.03% | −0.10 |
| NFLX Netflix Inc. | Reduce -2.2% | 0.43% | −0.10 |
| HES Hess Corp. | Sold out | 0.00% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 0.52% | −0.09 |
| PATH Uipath Inc. Class A | Reduce -88.9% | 0.01% | −0.09 |
| ZS Zscaler Inc. | Reduce -69.1% | 0.03% | −0.09 |
| CRM Salesforce Inc. | Reduce -4.7% | 0.27% | −0.08 |
| SCHW Schwab (charles) Corp. | Reduce -43.9% | 0.09% | −0.08 |
| DE Deere & Co. | Reduce -18.0% | 0.17% | −0.08 |
| AZEK The Azek Co. Inc. | Sold out | 0.00% | −0.07 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.07 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.07 |
| SPOT Spotify Technology SA | Reduce -42.3% | 0.06% | −0.06 |
| CVNA Carvana Co. | Reduce -80.8% | 0.01% | −0.06 |
| SLV iShares Silver Trust | Reduce -57.6% | 0.06% | −0.06 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.06 |
| TDG Transdigm Group Inc. | Reduce -16.9% | 0.12% | −0.06 |
| BSX Boston Scientific Corp. | Reduce -8.2% | 0.20% | −0.06 |
| ADBE Adobe Inc. | Reduce -15.5% | 0.14% | −0.05 |
| ARM Arm Holdings PLC-ADR | Reduce -37.4% | 0.06% | −0.05 |
| MCHP Microchip Technology Inc. | Reduce -30.5% | 0.08% | −0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -18.1% | 0.15% | −0.05 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.4% | 0.49% | −0.05 |
| INTU Intuit Inc. | Reduce -9.7% | 0.14% | −0.05 |
| SBUX Starbucks Corp. | Reduce -10.0% | 0.17% | −0.05 |
| ROK Rockwell Automation Inc. | Reduce -24.6% | 0.13% | −0.05 |
| SOXX iShares Semiconductor ETF | Reduce -43.8% | 0.07% | −0.05 |
| TGT Target Corp. | Reduce -31.4% | 0.06% | −0.04 |
| DIS The Walt Disney Co. | Reduce -10.1% | 0.15% | −0.04 |
| PGR Progressive Corp. | Reduce -16.2% | 0.11% | −0.04 |
| AMP Ameriprise Financial Inc. | Reduce -17.6% | 0.10% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -9.6% | 0.31% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -6.3% | 0.17% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -24.2% | 0.06% | −0.04 |
| TEL Te Connectivity PLC | Reduce -55.5% | 0.05% | −0.04 |
| KVUE Kenvue Inc. | Reduce -7.2% | 0.08% | −0.04 |
| WMT Walmart Inc. | Reduce -7.6% | 0.37% | −0.04 |
| CB Chubb Ltd. | Reduce -15.2% | 0.12% | −0.04 |
| APD Air Products & Chemicals Inc. | Reduce -13.3% | 0.13% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -11.1% | 0.12% | −0.04 |
| EWZ iShares MSCI Brazil ETF | Reduce -42.0% | 0.05% | −0.04 |
| CEG Constellation Energy | Reduce -15.3% | 0.15% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| UBS UBS Group AG-Reg | Add +14.3% | 1.06% | +0.24 |
| IVV iShares Core S&P 500 ETF | Add +53.9% | 0.62% | +0.22 |
| APP AppLovin Corp. Class A | Add +51.6% | 0.23% | +0.15 |
| ORCL Oracle Corp. | Add +7.7% | 0.63% | +0.14 |
| BABA Alibaba Group Holding-SP ADR | Add +19.6% | 0.29% | +0.13 |
| BE Bloom Energy Corp. Class A | Add +115.8% | 0.13% | +0.11 |
| LUV Southwest Airlines Co. | Add +174.5% | 0.18% | +0.11 |
| MDT Medtronic PLC | Add +96.1% | 0.21% | +0.10 |
| WDAY Workday Inc. Class A | Add +235.2% | 0.14% | +0.10 |
| CYBR Cyberark Software Ltd./Israel | Add +323.6% | 0.12% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.3% | 0.72% | +0.08 |
| MU Micron Technology Inc. | Add +4.6% | 0.33% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.8% | 0.47% | +0.08 |
| ABVX Abivax SA-ADR | Add +2561.0% | 0.07% | +0.07 |
| HD Home Depot Inc. | Add +12.2% | 0.50% | +0.07 |
| SW Smurfit Westrock PLC | Add +272.0% | 0.09% | +0.07 |
| NSC Norfolk Southern Corp. | Add +86.5% | 0.12% | +0.06 |
| ARKK ARK Innovation ETF | Add +247.5% | 0.08% | +0.06 |
| UBER Uber Technologies Inc. | Add +24.0% | 0.32% | +0.06 |
| TLT iShares 20+ Year Treasury BD | Add +33.6% | 0.26% | +0.06 |
| NBIS Nebius Group NV | Add +588.0% | 0.06% | +0.06 |
| QBTS D-Wave Quantum Inc. | Add +541.6% | 0.06% | +0.05 |
| GDX Vaneck Gold Miners ETF | Add +4.4% | 0.16% | +0.05 |
| PSKY Paramount Skydance Class B | New | 0.05% | +0.05 |
| SPG Simon Property Group Inc. | Add +102.2% | 0.09% | +0.05 |
| GLD SPDR Gold Shares | Add +1.9% | 0.47% | +0.05 |
| WELL Welltower Inc. | Add +56.5% | 0.11% | +0.05 |
| SNPS Synopsys Inc. | Add +97.8% | 0.11% | +0.05 |
| FISV Fiserv Inc. | Add +135.4% | 0.11% | +0.04 |
| WNS WNS Holdings Ltd. | Add +953.6% | 0.05% | +0.04 |
| HPE Hewlett Packard Enterprise | Add +104.3% | 0.07% | +0.04 |
| INSM Insmed Inc. | Add +461.0% | 0.05% | +0.04 |
| SE Sea Ltd.-ADR | Add +44.7% | 0.12% | +0.04 |
| OKLO Oklo Inc. | Add +77.1% | 0.06% | +0.04 |
| JOBY Joby Aviation Inc. | Add +349.8% | 0.05% | +0.04 |
| TD Toronto-Dominion Bank | Add +142.5% | 0.06% | +0.04 |
| CCI Crown Castle Inc. | Add +85.6% | 0.09% | +0.04 |
| JBL Jabil Inc. | Add +77.8% | 0.09% | +0.04 |
| BMO Bank of Montreal | Add +155.3% | 0.05% | +0.03 |
| BILL Bill Holdings Inc. | Add +113.6% | 0.06% | +0.03 |
| ELAN Elanco Animal Health Inc. | Add +56.7% | 0.06% | +0.03 |
| GEV GE Vernova Inc. | Add +13.9% | 0.17% | +0.03 |
| FLR Fluor Corp. | Add +211.5% | 0.05% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +19.1% | 0.32% | +0.03 |
| SRE Sempra | Add +73.1% | 0.07% | +0.03 |
| ROST Ross Stores Inc. | Add +64.3% | 0.07% | +0.03 |
| XLY SS Consumer Disc Select Sect | Add +38.7% | 0.10% | +0.03 |
| TKR Timken Co. | Add +734.7% | 0.03% | +0.03 |
| MSTR Strategy Inc. | Add +64.4% | 0.16% | +0.03 |
| VTR Ventas Inc. | Add +142.4% | 0.05% | +0.03 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +378.5% | 28,482,990 | $19.0B |
| QQQ Invesco QQQ Trust Series 1 | put | Add +14.2% | 10,203,274 | $6.1B |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +8.8% | 39,330,300 | $3.2B |
| NVDA Nvidia Corp. | put | Reduce -10.1% | 16,577,513 | $3.1B |
| NVDA Nvidia Corp. | call | Reduce -4.8% | 15,344,904 | $2.9B |
| EEM iShares MSCI Emerging Market | call | Reduce -4.5% | 46,017,600 | $2.5B |
| AAPL Apple Inc. | put | Add +7.7% | 8,896,100 | $2.3B |
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -28.3% | 3,012,165 | $2.0B |
| IWM iShares Russell 2000 ETF | put | Reduce -41.0% | 8,136,100 | $2.0B |
| IWM iShares Russell 2000 ETF | call | Add +12.6% | 7,751,096 | $1.9B |
| QQQ Invesco QQQ Trust Series 1 | call | Add +3.9% | 2,777,856 | $1.7B |
| TSLA Tesla Inc. | call | Reduce -17.0% | 3,510,843 | $1.6B |
| EEM iShares MSCI Emerging Market | put | Add +22.5% | 23,885,200 | $1.3B |
| TSLA Tesla Inc. | put | Reduce -21.0% | 2,818,880 | $1.3B |
| AAPL Apple Inc. | call | Reduce -0.7% | 4,628,671 | $1.2B |
| GOOGL Alphabet Inc. Class A | put | Add +14.4% | 4,548,611 | $1.1B |
| TSM Taiwan Semiconductor-SP ADR | put | Reduce -49.4% | 3,664,710 | $1.0B |
| GLD SPDR Gold Shares | call | Add +3.8% | 2,841,166 | $1.0B |
| META Meta Platforms Inc. Class A | put | Add +5.1% | 1,351,860 | $992.8M |
| ALC Alcon Inc. | call | Add +18.3% | 12,871,102 | $959.0M |
| MSFT Microsoft Corp. | call | Add +15.6% | 1,826,066 | $945.8M |
| MSFT Microsoft Corp. | put | Reduce -9.8% | 1,816,395 | $940.8M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | Add +14.5% | 11,435,200 | $928.4M |
| AMZN Amazon.com Inc. | put | Reduce -10.4% | 3,788,529 | $831.8M |
| RKLB Rocket Lab Corp. | call | Add +0.2% | 17,362,323 | $831.8M |
| GOOGL Alphabet Inc. Class A | call | Add +40.7% | 3,405,657 | $827.9M |
| BAC Bank of America Corp. | put | Reduce -5.3% | 15,627,800 | $806.2M |
| META Meta Platforms Inc. Class A | call | Add +9.6% | 1,050,463 | $771.4M |
| GLD SPDR Gold Shares | put | Add +230.9% | 2,053,400 | $729.9M |
| BABA Alibaba Group Holding-SP ADR | call | Add +258.9% | 4,004,386 | $715.7M |
| JPM JPMorgan Chase & Co. | put | Add +37.8% | 2,182,500 | $688.4M |
| SLV iShares Silver Trust | call | Reduce -29.7% | 15,987,724 | $677.4M |
| AMD Advanced Micro Devices | put | Reduce -6.2% | 4,150,600 | $671.5M |
| AMZN Amazon.com Inc. | call | Add +47.6% | 2,862,076 | $628.4M |
| XLF SS Financial Select Sector | put | Reduce -13.2% | 11,257,400 | $606.4M |
| TLT iShares 20+ Year Treasury BD | call | Add +93.8% | 6,555,506 | $585.9M |
| MRVL Marvell Technology Inc. | put | Add +3.3% | 6,772,600 | $569.4M |
| PLTR Palantir Technologies Inc. Class A | call | Add +6.9% | 3,011,541 | $549.4M |
| TSM Taiwan Semiconductor-SP ADR | call | Add +12.3% | 1,856,857 | $518.6M |
| AVGO Broadcom Inc. | put | Reduce -31.9% | 1,558,700 | $514.2M |
| GOOG Alphabet Inc. Class C | put | Add +2.8% | 2,091,600 | $509.4M |
| GLW Corning Inc. | call | Add +4.3% | 5,913,900 | $485.1M |
| NFLX Netflix Inc. | put | Add +3.5% | 398,500 | $477.8M |
| MP MP Materials Corp. | call | Add +1.0% | 6,944,670 | $465.8M |
| AMD Advanced Micro Devices | call | Add +2.8% | 2,855,550 | $462.0M |
| EWZ iShares MSCI Brazil ETF | call | Reduce -12.9% | 14,537,400 | $450.7M |
| V Visa Inc. Class A | put | Reduce -31.5% | 1,315,600 | $449.1M |
| PLTR Palantir Technologies Inc. Class A | put | Reduce -16.7% | 2,378,100 | $433.8M |
| AVGO Broadcom Inc. | call | Add +4.2% | 1,303,748 | $430.1M |
| XLF SS Financial Select Sector | call | Reduce -34.5% | 7,825,350 | $421.6M |
Showing the first 50 of 1,396.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +3830.7% | 17,806,000 | $32.7M |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | Sold out | 32,703,000 | $32.4Mbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -65.4% | 19,751,830 | $20.0M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Sold out | 19,804,000 | $18.7Mbefore exit |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 16,544,000 | $18.6Mbefore exit |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Reduce -6.4% | 17,336,500 | $18.2M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | New | 13,274,000 | $13.2M |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | Reduce -4.2% | 13,741,000 | $12.6M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Sold out | 13,779,000 | $12.0Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Sold out | 7,500,000 | $11.5Mbefore exit |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Sold out | 10,133,000 | $9.6Mbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +6.0% | 6,775 | $8.7M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -8.3% | 6,869 | $8.5M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Sold out | 7,829,000 | $8.5Mbefore exit |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | Sold out | 8,776,000 | $8.2Mbefore exit |
| NOVAVAX INC (NVAX 5 12/15/27) | NOTE 5.000%12/1 · principal | Sold out | 7,752,000 | $7.7Mbefore exit |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | New | 7,116,000 | $7.3M |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | Sold out | 6,985,000 | $7.3Mbefore exit |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 6,484,000 | $7.2Mbefore exit |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Sold out | 124,196 | $6.7Mbefore exit |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Sold out | 5,774,000 | $6.6Mbefore exit |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Sold out | 4,808,000 | $6.5Mbefore exit |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | Sold out | 6,539,000 | $6.1Mbefore exit |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | Sold out | 7,000,000 | $5.9Mbefore exit |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Add +0.5% | 3,839,670 | $5.5M |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | Sold out | 4,970,000 | $5.3Mbefore exit |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Reduce -55.6% | 4,800,000 | $5.1M |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Sold out | 4,644,000 | $4.6Mbefore exit |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Sold out | 3,869,000 | $4.4Mbefore exit |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 3,603,000 | $3.3M |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | Add +52.7% | 2,615,000 | $2.5M |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | Sold out | 1,460,000 | $2.1Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 2,095,000 | $2.0Mbefore exit |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Sold out | 1,856,000 | $1.8Mbefore exit |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | Reduce -0.8% | 154,234 | $1.8M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | New | 1,716,000 | $1.8M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Sold out | 1,552,000 | $1.5Mbefore exit |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | Sold out | 1,455,000 | $1.4Mbefore exit |
| ENCORE CAPITAL GROUP INC (ECPG 3.25 10/01/25) | NOTE 3.250%10/0 · principal | Sold out | 1,290,000 | $1.3Mbefore exit |
| EVOLENT HEALTH INC (EVH 3.5 12/01/29) | NOTE 3.500%12/0 · principal | Sold out | 1,247,000 | $1.1Mbefore exit |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Sold out | 1,032,000 | $961Kbefore exit |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Sold out | 1,113,000 | $954Kbefore exit |
| SPECIAL OPPORTUNITY FUND (SPE 2.75 01/27/27 C) | 2.75% CNV PFD C | Reduce -7.2% | 30,033 | $750K |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | Sold out | 763,000 | $740Kbefore exit |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | New | 750,000 | $738K |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | Sold out | 603,000 | $701Kbefore exit |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | Reduce -20.8% | 533,000 | $679K |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | New | 531,000 | $604K |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Sold out | 13,161 | $523Kbefore exit |
| RGTIW Rigetti Computing -CW27 | *W EXP 03/02/202 | Reduce -67.3% | 28,000 | $513K |
Showing the first 50 of 442.
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 |