Union Bancaire Privee, UBP SA
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 7, 2025), Union Bancaire Privee, UBP SA reported 451 stock positions worth $7.0 billion. Its top holding was Microsoft (MSFT) at 20.6% of the portfolio, followed by Amazon.com (AMZN, 3.7%) and Nvidia (NVDA, 3.3%). Compared with Q2 2025, it opened 36 new positions, sold out of 44, added to 143 and reduced 115. The biggest buy was Cisco Systems (CSCO, shares +2531%) and the biggest sale S&P Global (SPGI, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- GENEVA 1, V8
- CIK
- 0001716607
- Portfolio Value
- $7.0B (Q3 2025)
- SEC Filing
- 0001716607-25-000016 ↗ filed Oct 7, 2025
Holdings Value
Holdings 451 stocks · $7.0B
| MSFT Microsoft Corp. | 20.64% | 839,988 | $1.4B | Reduce -9.3% |
| AMZN Amazon.com Inc. | 3.66% | 1,228,070 | $255.6M | Reduce -3.3% |
| NVDA Nvidia Corp. | 3.28% | 1,385,692 | $228.9M | Add +3.4% |
| GOOGL Alphabet Inc. Class A | 2.78% | 825,171 | $194.2M | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 2.77% | 640,189 | $192.9M | Add +74.3% |
| GOOG Alphabet Inc. Class C | 2.63% | 796,468 | $183.5M | Reduce -16.5% |
| AVGO Broadcom Inc. | 2.62% | 582,750 | $182.9M | Reduce -12.9% |
| V Visa Inc. Class A | 2.48% | 499,420 | $172.6M | Reduce -5.0% |
| META Meta Platforms Inc. Class A | 2.32% | 204,574 | $161.5M | Add +4.2% |
| AAPL Apple Inc. | 2.26% | 652,430 | $157.7M | Reduce -0.2% |
| TSM Taiwan Semiconductor-SP ADR | 2.21% | 588,829 | $154.1M | Reduce -8.0% |
| ORCL Oracle Corp. | 2.11% | 295,665 | $146.8M | Reduce -17.0% |
| OBDC Blue Owl Capital Corp. | 1.93% | 67,828 | $134.3M | No change |
| CSCO Cisco Systems Inc. | 1.68% | 1,052,813 | $116.9M | Add +2531.4% |
| HTGC Hercules Capital Inc. | 1.47% | 35,781 | $102.2M | No change |
| INTU Intuit Inc. | 1.38% | 137,539 | $96.3M | Reduce -10.8% |
| NDAQ Nasdaq Inc. | 1.24% | 1,042,394 | $86.2M | Reduce -24.5% |
| ABBV Abbvie Inc. | 1.18% | 396,978 | $82.0M | Add +18.4% |
| TRIN Trinity Capital Inc. | 1.14% | 33,139 | $79.5M | Add +181.8% |
| AZO AutoZone Inc. | 1.14% | 20,035 | $79.3M | Reduce -1.1% |
| SPGI S&P Global Inc. | 1.03% | 144,186 | $72.0M | Reduce -39.3% |
| GBDC Golub Capital BDC Inc. | 1.01% | 34,204 | $70.5M | Reduce -18.4% |
| NFLX Netflix Inc. | 0.96% | 53,234 | $67.2M | Add +13.0% |
| LLY Eli Lilly & Co. | 0.96% | 87,497 | $66.6M | Add +5.0% |
| TSLX Sixth Street Specialty Lendi | 0.94% | 19,319 | $65.9M | No change |
| MA Mastercard Inc. Class A | 0.88% | 96,267 | $61.5M | Reduce -22.0% |
| ECL Ecolab Inc. | 0.86% | 235,276 | $60.3M | Reduce -17.1% |
| HUDSON PAC PPTYS INC | 0.80% | 144,000 | $55.8M | No change |
| PANW Palo Alto Networks Inc. | 0.79% | 288,684 | $54.8M | Reduce -17.1% |
| PH Parker Hannifin Corp. | 0.77% | 62,331 | $53.4M | Reduce -9.5% |
| NOW ServiceNow Inc. | 0.75% | 58,969 | $52.1M | Add +1.8% |
| MCD McDonald's Corp. | 0.71% | 165,171 | $49.8M | Reduce -10.5% |
| AMAT Applied Materials Inc. | 0.65% | 48,050 | $45.6M | Reduce -0.4% |
| ROP Roper Technologies Inc. | 0.63% | 94,059 | $43.9M | Reduce -19.8% |
| PWR Quanta Services Inc. | 0.62% | 107,928 | $43.5M | Reduce -36.6% |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 0.60% | 28,812 | $41.9M | No change |
| GAIN Gladstone Investment Corp. | 0.59% | 19,806 | $40.8M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 81,971 | $40.7M | Reduce -3.7% |
| KO The Coca-Cola Co. | 0.57% | 509,783 | $40.0M | Reduce -11.5% |
| PLTR Palantir Technologies Inc. Class A | 0.56% | 274,033 | $38.8M | Add +24.0% |
| CVX Chevron Corp. | 0.53% | 234,282 | $36.9M | Reduce -4.9% |
| RSG Republic Services Inc. | 0.52% | 160,575 | $36.5M | Add +51.5% |
| RTX RTX Corp. | 0.51% | 228,144 | $35.5M | Add +9.4% |
| JNJ Johnson & Johnson | 0.50% | 157,258 | $35.1M | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.50% | 50,241 | $35.0M | Add +7.4% |
| MRK Merck & Co. Inc. | 0.50% | 390,881 | $34.9M | Add +6.5% |
| PG The Procter & Gamble Co. | 0.50% | 184,821 | $34.8M | Reduce -13.6% |
| VRT Vertiv Holdings Co. Class A | 0.49% | 272,608 | $34.5M | Add +35.5% |
| GSBD Goldman Sachs BDC Inc. | 0.48% | 20,601 | $33.5M | Reduce -32.9% |
| CSWC Capital Southwest Corp. | 0.45% | 9,349 | $31.2M | Reduce -34.9% |
| ABT Abbott Laboratories | 0.44% | 200,289 | $30.8M | Reduce -9.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.43% | 176,647 | $30.3M | Reduce -5.2% |
| HD Home Depot Inc. | 0.42% | 68,489 | $29.1M | Reduce -3.6% |
| MSI Motorola Solutions Inc. | 0.41% | 63,837 | $28.5M | Add +1.7% |
| URI United Rentals Inc. | 0.40% | 24,363 | $28.2M | Add +14.1% |
| BABA Alibaba Group Holding-SP ADR | 0.37% | 146,605 | $25.6M | Reduce -10.0% |
| EQT Eqt Corp. | 0.32% | 413,800 | $22.3M | Reduce -11.9% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 57,297 | $22.3M | Add +6.1% |
| LAUR Laureate Education Inc. | 0.32% | 711,135 | $22.0M | Reduce -17.0% |
| BSX Boston Scientific Corp. | 0.30% | 216,072 | $21.1M | Reduce -3.5% |
| CAT Caterpillar Inc. | 0.30% | 47,231 | $21.0M | Add +155.9% |
| VCIT Vanguard Int-Term Corporate | 0.30% | 248,818 | $20.7M | Add +9.5% |
| COST Costco Wholesale Corp. | 0.30% | 14,678 | $20.7M | Reduce -16.8% |
| MELI MercadoLibre Inc. | 0.28% | 8,083 | $19.8M | Add +197.9% |
| KGC Kinross Gold Corp. | 0.28% | 801,277 | $19.6M | Reduce -15.9% |
| WMT Walmart Inc. | 0.26% | 114,435 | $18.2M | Add +1.8% |
| ADSK Autodesk Inc. | 0.26% | 43,469 | $18.1M | Add +63.3% |
| IBKR Interactive Brokers Gro Class A | 0.26% | 326,133 | $17.9M | Add +62.2% |
| GS Goldman Sachs Group Inc. | 0.25% | 24,828 | $17.5M | Reduce -8.0% |
| HON Honeywell International Inc. | 0.25% | 66,885 | $17.5M | Reduce -30.1% |
| UNP Union Pacific Corp. | 0.24% | 52,849 | $16.9M | Add +9.8% |
| TOL Toll Brothers Inc. | 0.24% | 121,100 | $16.6M | No change |
| QCOM Qualcomm Inc. | 0.24% | 77,092 | $16.5M | Add +2.5% |
| VST Vistra Corp. | 0.23% | 91,534 | $15.9M | Add +14.2% |
| AMD Advanced Micro Devices | 0.22% | 107,750 | $15.5M | Reduce -45.0% |
| GLD SPDR Gold Shares | 0.22% | 28,354 | $15.1M | Add +22.7% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.21% | 289,210 | $14.8M | Reduce -14.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.21% | 185,772 | $14.8M | Add +6.7% |
| MDB Mongodb Inc. | 0.20% | 50,380 | $14.3M | Add +14.5% |
| CMI Cummins Inc. | 0.20% | 22,952 | $13.9M | Reduce -4.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.19% | 23,239 | $13.5M | Reduce -1.9% |
| CMG Chipotle Mexican Grill Inc. | 0.19% | 356,986 | $13.3M | Add +76.3% |
| HOOD Robinhood Markets Inc. Class A | 0.18% | 127,700 | $12.4M | Add +18.1% |
| SPIB SS SPDR P Int C Corp. ETF | 0.18% | 363,549 | $12.3M | No change |
| BKNG Booking Holdings Inc. | 0.17% | 2,443 | $12.1M | Add +85.1% |
| C Citigroup Inc. | 0.17% | 121,799 | $11.9M | Add +4.2% |
| CEG Constellation Energy | 0.17% | 41,608 | $11.7M | Add +4.5% |
| NET Cloudflare Inc. Class A | 0.16% | 53,178 | $11.1M | Add +5.2% |
| MRSH Marsh & McLennan Cos | 0.16% | 39,758 | $11.0M | Reduce -71.9% |
| CDNS Cadence Design SYS Inc. | 0.16% | 35,255 | $10.9M | Add +1.7% |
| TXN Texas Instruments Inc. | 0.15% | 26,646 | $10.4M | Add +23.9% |
| ISRG Intuitive Surgical Inc. | 0.15% | 17,630 | $10.3M | Reduce -26.6% |
| AMGN Amgen Inc. | 0.15% | 5,035 | $10.3M | Add +13.6% |
| PEP Pepsico Inc. | 0.14% | 43,918 | $9.9M | Add +2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 35,806 | $9.8M | Add +66.7% |
| RDDT Reddit Inc. Class A | 0.13% | 47,000 | $9.0M | Add +240.6% |
| DDOG Datadog Inc. Class A | 0.13% | 72,730 | $9.0M | Add +150.2% |
| CNI Canadian Natl Railway Co. | 0.13% | 47,620 | $8.9M | Add +10.7% |
| WM Waste Management Inc. | 0.13% | 30,328 | $8.8M | Reduce -0.8% |
| ADBE Adobe Inc. | 0.12% | 14,890 | $8.5M | Reduce -89.5% |
Other holdings (37): bonds, preferreds, convertibles and warrants · $65.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 4,356,000 | $6.0M | Reduce -19.1% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 4,365,000 | $5.2M | Reduce -3.4% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 4,085,000 | $4.9M | Add +29.5% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 4,900,000 | $4.8M | No change |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 1,995,000 | $4.5M | Reduce -29.8% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 1,897,000 | $3.9M | Reduce -34.9% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,990,000 | $2.8M | Add +9.1% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 2,575,000 | $2.8M | Add +1.0% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,030,000 | $2.8M | Reduce -4.7% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 2,970,000 | $2.7M | Add +11.2% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 2,745,000 | $2.3M | Add +22.3% |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 1,920,000 | $2.3M | Reduce -52.6% |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 2,532,000 | $2.2M | Add +11.0% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 1,725,000 | $2.0M | Add +53.3% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 1,425,000 | $1.7M | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,480 | $1.6M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 1,750,000 | $1.6M | Reduce -42.1% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 1,465,000 | $1.4M | Reduce -23.5% |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | 765,000 | $1.3M | Add +2.7% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 1,300,000 | $1.1M | New |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 1,300,000 | $1.1M | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 1,125,000 | $975K | Reduce -45.8% |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 991,000 | $873K | No change |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 850,000 | $750K | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 785,000 | $693K | Add +175.4% |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 525,000 | $611K | No change |
| ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) | NOTE 2.250% 4/0 · principal | 520,000 | $597K | No change |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 210,000 | $564K | New |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 302,000 | $331K | Reduce -73.6% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 302,000 | $329K | Reduce -84.0% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 251,000 | $264K | New |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 266,000 | $246K | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 128,000 | $119K | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 118,000 | $114K | No change |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 100,000 | $102K | New |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 94,000 | $99K | Reduce -42.7% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 60,000 | $57K | No change |
Total filed on the 13F, all lines: $7.0B.
Portfolio Sells Q2 2025 → Q3 2025
| SPGI S&P Global Inc. | Reduce -39.3% | 1.03% | −0.78 |
| ADBE Adobe Inc. | Reduce -89.5% | 0.12% | −0.69 |
| CRM Salesforce Inc. | Reduce -95.7% | 0.03% | −0.64 |
| MSFT Microsoft Corp. | Reduce -9.3% | 20.64% | −0.54 |
| NDAQ Nasdaq Inc. | Reduce -24.5% | 1.24% | −0.48 |
| INTU Intuit Inc. | Reduce -10.8% | 1.38% | −0.37 |
| MRSH Marsh & McLennan Cos | Reduce -71.9% | 0.16% | −0.33 |
| PWR Quanta Services Inc. | Reduce -36.6% | 0.62% | −0.32 |
| ROP Roper Technologies Inc. | Reduce -19.8% | 0.63% | −0.29 |
| GSBD Goldman Sachs BDC Inc. | Reduce -32.9% | 0.48% | −0.28 |
| GBDC Golub Capital BDC Inc. | Reduce -18.4% | 1.01% | −0.27 |
| MA Mastercard Inc. Class A | Reduce -22.0% | 0.88% | −0.26 |
| CSWC Capital Southwest Corp. | Reduce -34.9% | 0.45% | −0.22 |
| V Visa Inc. Class A | Reduce -5.0% | 2.48% | −0.20 |
| MRVL Marvell Technology Inc. | Reduce -94.5% | 0.01% | −0.19 |
| ECL Ecolab Inc. | Reduce -17.1% | 0.86% | −0.18 |
| PANW Palo Alto Networks Inc. | Reduce -17.1% | 0.79% | −0.17 |
| AMD Advanced Micro Devices | Reduce -45.0% | 0.22% | −0.15 |
| KO The Coca-Cola Co. | Reduce -11.5% | 0.57% | −0.14 |
| HON Honeywell International Inc. | Reduce -30.1% | 0.25% | −0.13 |
| CRS Carpenter Technology | Sold out | 0.00% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -3.3% | 3.66% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -13.6% | 0.50% | −0.09 |
| MCK McKesson Corp. | Reduce -70.8% | 0.03% | −0.08 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.08 |
| EQT Eqt Corp. | Reduce -11.9% | 0.32% | −0.08 |
| ISRG Intuitive Surgical Inc. | Reduce -26.6% | 0.15% | −0.08 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.07 |
| FISV Fiserv Inc. | Reduce -55.0% | 0.03% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -16.8% | 0.30% | −0.06 |
| RBRK Rubrik Inc. Class A | Sold out | 0.00% | −0.06 |
| ABT Abbott Laboratories | Reduce -9.1% | 0.44% | −0.05 |
| CACI Caci International Inc. Class A | Reduce -72.7% | 0.02% | −0.05 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.04 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.04 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -14.6% | 0.21% | −0.04 |
| IONQ Ionq Inc. | Sold out | 0.00% | −0.04 |
| BSX Boston Scientific Corp. | Reduce -3.5% | 0.30% | −0.04 |
| GWRE Guidewire Software Inc. | Sold out | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.7% | 0.58% | −0.04 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.04 |
| FEZ State Street SPDR Euro Stoxx | Sold out | 0.00% | −0.03 |
| MCD McDonald's Corp. | Reduce -10.5% | 0.71% | −0.03 |
| OKLO Oklo Inc. | Reduce -95.8% | 0.00% | −0.03 |
| STN Stantec Inc. | Reduce -54.4% | 0.03% | −0.03 |
| WDAY Workday Inc. Class A | Reduce -23.9% | 0.10% | −0.03 |
| OKTA Okta Inc. | Reduce -8.9% | 0.12% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -30.6% | 0.09% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -94.8% | 0.00% | −0.02 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| CSCO Cisco Systems Inc. | Add +2531.4% | 1.68% | +1.51 |
| JPM JPMorgan Chase & Co. | Add +74.3% | 2.77% | +1.30 |
| TRIN Trinity Capital Inc. | Add +181.8% | 1.14% | +0.78 |
| ABBV Abbvie Inc. | Add +18.4% | 1.18% | +0.30 |
| PLTR Palantir Technologies Inc. Class A | Add +24.0% | 0.56% | +0.22 |
| CAT Caterpillar Inc. | Add +155.9% | 0.30% | +0.21 |
| MELI MercadoLibre Inc. | Add +197.9% | 0.28% | +0.19 |
| VRT Vertiv Holdings Co. Class A | Add +35.5% | 0.49% | +0.17 |
| RSG Republic Services Inc. | Add +51.5% | 0.52% | +0.14 |
| IBKR Interactive Brokers Gro Class A | Add +62.2% | 0.26% | +0.12 |
| GLD SPDR Gold Shares | Add +22.7% | 0.22% | +0.12 |
| URI United Rentals Inc. | Add +14.1% | 0.40% | +0.11 |
| NVDA Nvidia Corp. | Add +3.4% | 3.28% | +0.11 |
| RDDT Reddit Inc. Class A | Add +240.6% | 0.13% | +0.11 |
| GLW Corning Inc. | Add +13548.4% | 0.10% | +0.10 |
| RTX RTX Corp. | Add +9.4% | 0.51% | +0.10 |
| SNOW Snowflake Inc. | Add +14061.2% | 0.10% | +0.10 |
| MDB Mongodb Inc. | Add +14.5% | 0.20% | +0.08 |
| ALAB Astera Labs Inc. | New | 0.08% | +0.08 |
| DDOG Datadog Inc. Class A | Add +150.2% | 0.13% | +0.08 |
| WFC Wells Fargo & Co. | New | 0.08% | +0.08 |
| SNPS Synopsys Inc. | Add +235.6% | 0.12% | +0.08 |
| ADSK Autodesk Inc. | Add +63.3% | 0.26% | +0.07 |
| BKNG Booking Holdings Inc. | Add +85.1% | 0.17% | +0.07 |
| HOOD Robinhood Markets Inc. Class A | Add +18.1% | 0.18% | +0.07 |
| ONTO Onto Innovation Inc. | New | 0.07% | +0.07 |
| CLS Celestica Inc. | New | 0.07% | +0.07 |
| TLN Talen Energy Corp. | New | 0.07% | +0.07 |
| LITE Lumentum Holdings Inc. | New | 0.07% | +0.07 |
| IBM Intl Business Machines Corp. | Add +66.7% | 0.14% | +0.07 |
| META Meta Platforms Inc. Class A | Add +4.2% | 2.32% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.4% | 0.50% | +0.06 |
| BE Bloom Energy Corp. Class A | New | 0.06% | +0.06 |
| URA Global X Uranium ETF | New | 0.06% | +0.06 |
| ITA iShares U.S. Aerospace & Def | New | 0.06% | +0.06 |
| CG The Carlyle Group Inc. | New | 0.06% | +0.06 |
| ETR Entergy Corp. | Add +181.0% | 0.07% | +0.05 |
| MRK Merck & Co. Inc. | Add +6.5% | 0.50% | +0.05 |
| GE General Electric | Add +6.1% | 0.32% | +0.05 |
| STRL Sterling Infrastructure Inc. | New | 0.05% | +0.05 |
| NRG NRG Energy Inc. | Add +142.4% | 0.08% | +0.05 |
| FIX Comfort Systems USA Inc. | New | 0.04% | +0.04 |
| SOXX iShares Semiconductor ETF | Add +54.9% | 0.05% | +0.04 |
| TKO Tko Group Holdings Inc. | Add +151.8% | 0.07% | +0.04 |
| DUK Duke Energy Corp. | Add +77.1% | 0.07% | +0.04 |
| INDA iShares MSCI India ETF | Add +207.5% | 0.06% | +0.04 |
| MSI Motorola Solutions Inc. | Add +1.7% | 0.41% | +0.04 |
| TMUS T-Mobile US Inc. | New | 0.04% | +0.04 |
| CMG Chipotle Mexican Grill Inc. | Add +76.3% | 0.19% | +0.04 |
| NET Cloudflare Inc. Class A | Add +5.2% | 0.16% | +0.04 |
Options Activity Q2 2025 → Q3 2025
| REGN Regeneron Pharmaceuticals | put | Sold out | 5 | $9Kbefore exit |
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
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Reduce -19.1% | 4,356,000 | $6.0M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -3.4% | 4,365,000 | $5.2M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Add +29.5% | 4,085,000 | $4.9M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Reduce -29.8% | 1,995,000 | $4.5M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Reduce -34.9% | 1,897,000 | $3.9M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Sold out | 4,115,000 | $3.8Mbefore exit |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 3,337,000 | $3.2Mbefore exit |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +9.1% | 2,990,000 | $2.8M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +1.0% | 2,575,000 | $2.8M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Reduce -4.7% | 2,030,000 | $2.8M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Add +11.2% | 2,970,000 | $2.7M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 2,080,000 | $2.5Mbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Sold out | 2,945,000 | $2.4Mbefore exit |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Add +22.3% | 2,745,000 | $2.3M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Reduce -52.6% | 1,920,000 | $2.3M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | Add +11.0% | 2,532,000 | $2.2M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Add +53.3% | 1,725,000 | $2.0M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Sold out | 1,817,000 | $1.6Mbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 1,860,000 | $1.6Mbefore exit |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Reduce -42.1% | 1,750,000 | $1.6M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | Reduce -23.5% | 1,465,000 | $1.4M |
| SEA LTD (SEALTD 2.375 12/01/25) | NOTE 2.375%12/0 · principal | Add +2.7% | 765,000 | $1.3M |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | New | 1,300,000 | $1.1M |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | New | 1,300,000 | $1.1M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Reduce -45.8% | 1,125,000 | $975K |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 955,000 | $758Kbefore exit |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Add +175.4% | 785,000 | $693K |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | New | 210,000 | $564K |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Sold out | 480,000 | $446Kbefore exit |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Reduce -73.6% | 302,000 | $331K |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -84.0% | 302,000 | $329K |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | New | 251,000 | $264K |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | Sold out | 180,000 | $263Kbefore exit |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | New | 266,000 | $246K |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 181,000 | $179Kbefore exit |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | New | 100,000 | $102K |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | Reduce -42.7% | 94,000 | $99K |
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 | 472 | $9.1B | MSFT, INDA, AMAT, GOOGL, NVDA |
| Q1 2026 | 462 | $7.1B | MSFT, NVDA, GOOGL, AAPL, AMZN |
| Q4 2025 | 473 | $8.4B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q3 2025 | 451 | $7.0B | MSFT, AMZN, NVDA, GOOGL, JPM |
| Q2 2025 | 459 | $6.8B | MSFT, AMZN, NVDA, V, AVGO |
| Q1 2025 | 456 | $5.1B | MSFT, AMZN, V, GOOG, AAPL |
| Q4 2024Amended | 490 | $5.6B | MSFT, AMZN, GOOG, V, AAPL |