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

0$2.0B$4.0B$6.0B$8.0B$10.0B Q4 2024: $5.6B Q4 2024 Q1 2025: $5.1B Q1 2025 Q2 2025: $6.8B Q2 2025 Q3 2025: $7.0B $7.0B Q3 2025 Q4 2025: $8.4B Q4 2025 Q1 2026: $7.1B Q1 2026 Q2 2026: $9.1B Q2 2026

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%
OKTA Okta Inc. 0.12% 101,395 $8.2M Reduce -8.9%
SJNK SS SPDR BB St Hi Yield ETF 0.12% 319,600 $8.2M No change
SNPS Synopsys Inc. 0.12% 18,613 $8.1M Add +235.6%
DELL Dell Technologies -C 0.11% 63,555 $7.5M Add +33.4%
CBRE CBRE Group Inc. Class A 0.10% 57,500 $7.3M No change
APP AppLovin Corp. Class A 0.10% 13,575 $7.3M Reduce -35.4%
GLW Corning Inc. 0.10% 114,237 $7.2M Add +13548.4%
SNOW Snowflake Inc. 0.10% 36,111 $7.2M Add +14061.2%
GHYG iShares Us&intl High Yield C 0.10% 148,188 $6.9M No change
PDD PDD Holdings Inc. 0.10% 57,459 $6.7M Add +1.3%
WDAY Workday Inc. Class A 0.10% 29,502 $6.7M Reduce -23.9%
MS Morgan Stanley 0.09% 46,619 $6.6M Add +0.7%
JLL Jones Lang Lasalle Inc. 0.09% 20,300 $6.1M No change
TMO Thermo Fisher Scientific Inc. 0.09% 14,494 $6.1M Reduce -30.6%
SPG Simon Property Group Inc. 0.09% 32,100 $6.0M No change
ALAB Astera Labs Inc. 0.08% 37,012 $5.8M New
WFC Wells Fargo & Co. 0.08% 65,867 $5.5M New
NRG NRG Energy Inc. 0.08% 34,598 $5.5M Add +142.4%
SHOP Shopify Inc. Class A 0.07% 46,350 $5.2M Add +19.3%
DUK Duke Energy Corp. 0.07% 40,731 $5.1M Add +77.1%
ONTO Onto Innovation Inc. 0.07% 48,880 $5.0M New
NEE Nextera Energy Inc. 0.07% 55,480 $5.0M Reduce -11.5%
ETR Entergy Corp. 0.07% 56,646 $4.9M Add +181.0%
EQIX Equinix Inc. 0.07% 6,760 $4.8M Add +3.7%
SE Sea Ltd.-ADR 0.07% 28,393 $4.7M Add +4.7%
APH Amphenol Corp. Class A 0.07% 48,080 $4.7M Add +12.9%
CLS Celestica Inc. 0.07% 21,658 $4.7M New
TLN Talen Energy Corp. 0.07% 14,296 $4.7M New
LITE Lumentum Holdings Inc. 0.07% 36,440 $4.7M New
TKO Tko Group Holdings Inc. 0.07% 28,700 $4.6M Add +151.8%
DE Deere & Co. 0.07% 10,185 $4.5M Add +0.5%
BE Bloom Energy Corp. Class A 0.06% 79,900 $4.5M New
URA Global X Uranium ETF 0.06% 115,837 $4.5M New
ITA iShares U.S. Aerospace & Def 0.06% 3,400 $4.5M New
PFE Pfizer Inc. 0.06% 135,440 $4.3M Add +4.2%
VSEC Vse Corp. 0.06% 32,761 $4.3M Reduce -9.0%
CG The Carlyle Group Inc. 0.06% 83,100 $4.2M New
DT Dynatrace Inc. 0.06% 95,014 $4.2M No change
INDA iShares MSCI India ETF 0.06% 81,814 $4.2M Add +207.5%
XYL Xylem Inc. 0.06% 28,832 $4.1M Reduce -2.3%
TSLA Tesla Inc. 0.06% 9,992 $4.1M Add +2.7%
GTLB Gitlab Inc. Class A 0.06% 96,854 $4.1M No change
EMB iShares JP Morgan Usd Emergi 0.06% 42,900 $4.1M No change
VEEV Veeva Systems Inc. Class A 0.06% 15,493 $4.0M Add +9.4%
CLH Clean Harbors Inc. 0.06% 16,721 $3.9M Add +4.5%
SOXX iShares Semiconductor ETF 0.05% 4,796 $3.7M Add +54.9%
MAR Marriott International Class A 0.05% 16,155 $3.7M Add +3.0%
HII Huntington Ingalls Industrie 0.05% 15,736 $3.6M Add +26.3%
TTEK Tetra Tech Inc. 0.05% 103,649 $3.5M No change
STRL Sterling Infrastructure Inc. 0.05% 12,650 $3.5M New
ACWI iShares MSCI Acwi ETF 0.05% 14,920 $3.4M Add +26.1%
VLTO Veralto Corp. 0.05% 31,225 $3.3M Add +8.2%
WMS Advanced Drainage Systems Inc. 0.05% 23,773 $3.3M Reduce -7.3%
CME Cme Group Inc. 0.05% 13,486 $3.2M No change
ADI Analog Devices Inc. 0.05% 13,181 $3.2M Add +14.2%
FIX Comfort Systems USA Inc. 0.04% 4,812 $3.1M New
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.04% 27,204 $3.0M Reduce -2.0%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.04% 22,380 $2.9M Reduce -13.7%
MTN Vail Resorts Inc. 0.04% 19,600 $2.9M No change
LNG Cheniere Energy Inc. 0.04% 12,332 $2.8M Reduce -31.1%
NTNX Nutanix Inc. Class A 0.04% 41,320 $2.8M Reduce -6.3%
EWY iShares MSCI South Korea ETF 0.04% 36,437 $2.8M Add +19.6%
SFM Sprouts Farmers Market Inc. 0.04% 25,459 $2.8M Add +66.7%
WAB Wabtec Corp. 0.04% 14,170 $2.8M No change
TMUS T-Mobile US Inc. 0.04% 11,947 $2.8M New
FDN First Trust DJ Internet Ind 0.04% 10,010 $2.7M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 24,468 $2.7M Add +75.1%
BX Blackstone Inc. 0.04% 10,772 $2.7M Add +30.7%
SYK Stryker Corp. 0.04% 6,736 $2.5M No change
T AT&T Inc. 0.04% 62,365 $2.4M Reduce -57.8%
MCK McKesson Corp. 0.03% 3,264 $2.4M Reduce -70.8%
P Everpure Inc. Class A filed as PURE STORAGE INC 0.03% 28,729 $2.4M Reduce -6.6%
XOM Exxon Mobil Corp. 0.03% 20,982 $2.4M Reduce -25.1%
APG Api Group Corp. 0.03% 78,573 $2.3M No change
CCK Crown Holdings Inc. 0.03% 23,981 $2.3M Reduce -4.4%
FISV Fiserv Inc. 0.03% 20,395 $2.3M Reduce -55.0%
UBER Uber Technologies Inc. 0.03% 24,647 $2.3M Add +69.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 43,385 $2.2M No change
MAA Mid-America Apartment Comm 0.03% 16,100 $2.2M No change
SBUX Starbucks Corp. 0.03% 3,375 $2.2M No change
EWJ iShares MSCI Japan ETF 0.03% 27,430 $2.1M Add +1.0%
ARCC Ares Capital Corp. 0.03% 102,777 $2.1M No change
SPSB SS SPDR P St C Corp. ETF 0.03% 69,422 $2.1M Add +8.7%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.03% 119,692 $2.1M No change
BIDU Baidu Inc. - Spon ADR 0.03% 17,518 $2.1M Reduce -36.0%
HUBB Hubbell Inc. 0.03% 4,726 $2.0M Reduce -28.0%
KKR KKR & Co. Inc. 0.03% 15,162 $2.0M Add +241.2%
CRM Salesforce Inc. 0.03% 7,573 $1.9M Reduce -95.7%
TME Tencent Music Entertainm-ADR 0.03% 91,468 $1.9M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.03% 4,226 $1.9M No change
EXE Expand Energy Corp. 0.03% 13,097 $1.9M Reduce -27.5%
SHY iShares 1-3 Year Treasury Bo 0.03% 22,558 $1.9M No change
NEM Newmont Corp. 0.03% 16,241 $1.8M Reduce -10.7%
INFY Infosys Ltd.-SP ADR 0.03% 121,611 $1.8M Add +56.9%
WCN Waste Connections Inc. 0.03% 11,354 $1.8M Reduce -19.4%
FTNT Fortinet Inc. 0.03% 21,697 $1.8M No change
STN Stantec Inc. 0.03% 16,967 $1.8M Reduce -54.4%
USHY iShares Broad Usd High Yield 0.03% 47,000 $1.8M No change
BZ Kanzhun Ltd. - ADR 0.03% 85,258 $1.8M Reduce -53.7%
FSLR First Solar Inc. 0.02% 8,792 $1.7M Add +36.0%
WAT Waters Corp. 0.02% 5,850 $1.6M New
YMM Full Truck Alliance -SPN ADR 0.02% 138,062 $1.6M Reduce -53.1%
AMT American Tower Corp. 0.02% 8,226 $1.6M Reduce -1.0%
OTIS Otis Worldwide Corp. 0.02% 10,248 $1.6M New
BLD Topbuild Corp. 0.02% 4,000 $1.6M Reduce -11.1%
IWM iShares Russell 2000 ETF 0.02% 6,682 $1.6M No change
VOO Vanguard S&P 500 ETF 0.02% 2,496 $1.5M Add +240.5%
WY Weyerhaeuser Co. 0.02% 61,569 $1.5M Reduce -38.5%
MFC Manulife Financial Corp. 0.02% 6,237 $1.5M Add +38.4%
CSX CSX Corp. 0.02% 50,434 $1.5M Add +46.2%
IGIB iShares 5-10Y Inv Grade Corp. 0.02% 27,389 $1.4M Reduce -15.8%
BMI Badger Meter Inc. 0.02% 8,167 $1.4M No change
IGSB iShares 1-5Y Inv Grade Corp. 0.02% 27,935 $1.4M No change
HUBS HubSpot Inc. 0.02% 2,629 $1.4M Add +34.7%
FSK FS KKR Capital Corp. 0.02% 89,625 $1.4M New
CCJ Cameco Corp. 0.02% 18,172 $1.4M Add +4.4%
PSA Public Storage 0.02% 5,500 $1.4M No change
NVO Novo-Nordisk A/S-Spons ADR 0.02% 28,240 $1.3M Reduce -9.0%
ITRI Itron Inc. 0.02% 12,330 $1.3M Add +15.8%
MDLZ Mondelez International Inc. Class A 0.02% 8,135 $1.3M Add +12.6%
LDOS Leidos Holdings Inc. 0.02% 8,602 $1.3M Add +10.8%
URTH iShares MSCI World ETF 0.02% 7,851 $1.3M No change
MWA Mueller Water Products Inc. Class A 0.02% 50,049 $1.3M Reduce -11.6%
CP Canadian Pacific Kansas City 0.02% 19,932 $1.3M Add +11.7%
TRMB Trimble Inc. 0.02% 15,535 $1.3M New
AAXJ iShares MSCI All Country Asi 0.02% 13,950 $1.2M Add +4.5%
HDB HDFC Bank Ltd.-ADR 0.02% 36,016 $1.2M Add +140.1%
SLV iShares Silver Trust 0.02% 28,624 $1.2M No change
CACI Caci International Inc. Class A 0.02% 2,885 $1.1M Reduce -72.7%
BXSL Blackstone Secured Lending F 0.02% 41,168 $1.1M No change
HEI Heico Corp. 0.02% 4,222 $1.1M Add +13.1%
XLK SS Technology Select Sector 0.02% 3,887 $1.1M No change
MAIN Main Street Capital Corp. 0.01% 16,319 $1.0M No change
DRS Leonardo DRS Inc. 0.01% 28,863 $1.0M Add +16.6%
FAST Fastenal Co. 0.01% 24,292 $1.0M No change
LEMB iShares JP Morgan Em Local C 0.01% 24,113 $991K Add +17.4%
BAH Booz Allen Hamilton Holdings 0.01% 12,287 $990K Add +12.4%
BALL Ball Corp. 0.01% 19,885 $984K No change
CPRT Copart Inc. 0.01% 21,772 $977K Add +82.0%
IBN Icici Bank Ltd.-Spon ADR 0.01% 32,184 $975K Add +302.3%
XLF SS Financial Select Sector 0.01% 17,928 $963K No change
VGK Vanguard Ftse Europe ETF 0.01% 12,561 $949K No change
AGCO Agco Corp. 0.01% 8,548 $938K Reduce -6.2%
TDG Transdigm Group Inc. 0.01% 877 $923K Add +13.8%
XEL Xcel Energy Inc. 0.01% 12,978 $898K Add +31.9%
GEV GE Vernova Inc. 0.01% 1,688 $890K Reduce -21.4%
ETHA iShares Ethereum Trust ETF 0.01% 36,490 $886K New
FETH Fidelity Ethereum Fund 0.01% 27,616 $886K New
MTZ Mastec Inc. 0.01% 4,808 $873K New
LNN Lindsay Corp. 0.01% 6,133 $857K No change
EEM iShares MSCI Emerging Market 0.01% 20,780 $846K No change
NXT Nextpower Inc. filed as NEXTRACKER INC 0.01% 13,178 $840K Add +50.3%
XLE SS Energy Select Sector 0.01% 9,058 $833K No change
MRVL Marvell Technology Inc. 0.01% 10,500 $828K Reduce -94.5%
VGT Vanguard Info Tech ETF 0.01% 1,114 $823K No change
AWK American Water Works Co. Inc. 0.01% 5,989 $817K Reduce -10.6%
AXON Axon Enterprise Inc. 0.01% 1,394 $804K Add +94.4%
GNRC Generac Holdings Inc. 0.01% 5,104 $783K Reduce -13.4%
FCX Freeport-McMoran Inc. 0.01% 23,002 $771K Add +3.0%
EMR Emerson Electric Co. 0.01% 6,774 $755K Reduce -55.8%
COR Cencora Inc. 0.01% 2,269 $697K Add +40.9%
SCI Service Corp. International 0.01% 8,370 $687K Add +29.4%
MSCI MSCI Inc. 0.01% 1,179 $667K Add +41.0%
KEYS Keysight Technologies Inc. 0.01% 3,752 $650K Add +41.2%
NI Nisource Inc. 0.01% 17,430 $647K Reduce -31.2%
DAR Darling Ingredients Inc. 0.01% 20,115 $646K No change
AEM Agnico Eagle Mines Ltd. 0.01% 4,446 $634K Add +1.6%
GILD Gilead Sciences Inc. 0.01% 7,319 $621K Reduce -19.6%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.01% 6,645 $619K Add +178.7%
TER Teradyne Inc. 0.01% 4,550 $616K New
ARKB ARK 21SHARES Bitcoin ETF 0.01% 20,726 $604K New
DHR Danaher Corp. 0.01% 3,694 $595K No change
FBTC Fidelity Wise Origin Bitcoin 0.01% 7,690 $584K New
PCTY Paylocity Holding Corp. 0.01% 3,556 $582K Add +74.0%
HLI Houlihan Lokey Inc. 0.01% 2,817 $580K Add +12.4%
AEP American Electric Power 0.01% 6,070 $578K Add +92.0%
POOL Pool Corp. 0.01% 1,880 $575K Add +42.6%
WFG West Fraser Timber Co. Ltd. 0.01% 8,536 $571K Reduce -24.9%
FTV Fortive Corp. 0.01% 13,416 $564K No change
IVV iShares Core S&P 500 ETF 0.01% 1,057 $561K Reduce -11.7%
IXC iShares Global Energy ETF 0.01% 13,497 $561K No change
TRGP Targa Resources Corp. 0.01% 3,656 $555K Reduce -1.6%
MU Micron Technology Inc. 0.01% 3,900 $551K Reduce -29.1%
AES AES Corp. 0.01% 47,432 $546K Add +83.3%
ADP Automatic Data Processing 0.01% 2,070 $523K No change
WPM Wheaton Precious Metals Corp. 0.01% 5,464 $520K Add +47.0%
VRRM Verra Mobility Corp. 0.01% 21,172 $518K Add +21.0%
CNM Core & Main Inc. Class A 0.01% 9,787 $517K Add +46.5%
BMY Bristol-Myers Squibb Co. 0.01% 14,144 $510K Add +150.7%
CLOA iShares Aaa Clo Act ETF-Usdi 0.01% 9,615 $500K No change
HACK Amplify Cybersecurity ETF 0.01% 5,681 $493K No change
ARM Arm Holdings PLC-ADR 0.01% 3,515 $491K No change
GIB Cgi Inc. 0.01% 5,537 $487K Add +41.0%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.01% 3,258 $487K Add +66.6%
VRSK Verisk Analytics Inc. 0.01% 1,934 $478K Reduce -3.4%
J Jacobs Solutions Inc. 0.01% 3,584 $462K Add +38.0%
SMH Vaneck Semiconductor ETF 0.01% 1,480 $461K No change
PBR Petroleo Brasileiro-Spon ADR 0.01% 34,813 $455K No change
IT Gartner Inc. 0.01% 1,721 $454K Add +63.1%
XLV SS Health Care Select Sector 0.01% 3,313 $449K No change
RUN Sunrun Inc. 0.01% 28,460 $439K New
FERG Ferguson Enterprises Inc. 0.01% 2,228 $436K New
KLAC KLA Corp. 0.01% 402 $428K Reduce -3.1%
VITL Vital Farms Inc. 0.01% 10,002 $423K Add +25.4%
IGV iShares Expanded Tech-Softwa 0.01% 3,711 $416K No change
TSCO Tractor Supply Company 0.01% 7,180 $406K Reduce -1.0%
TOST Toast Inc. Class A 0.01% 10,817 $403K Reduce -3.4%
MTD Mettler-Toledo International 0.01% 332 $400K Add +17.7%
IR Ingersoll-Rand Inc. 0.01% 5,606 $400K New
EWZ iShares MSCI Brazil ETF 0.01% 13,875 $395K Add +2.1%
MANH Manhattan Associates Inc. 0.01% 1,862 $394K Add +12.8%
FBIN Fortune Brands Innovations I 0.01% 7,164 $382K New
ODFL Old Dominion Freight Line 0.01% 2,753 $382K Add +39.0%
TTC Toro Co. 0.01% 4,994 $381K Reduce -11.2%
BR Broadridge Financial Solutio 0.01% 1,571 $371K Add +9.3%
TEVA Teva Pharmaceutical-SP ADR 0.01% 20,000 $367K No change
ANF Abercrombie & Fitch Co. Class A 0.01% 4,283 $365K Reduce -46.0%
EWA iShares MSCI Australia ETF 0.01% 13,120 $350K No change
QUAL iShares MSCI USA Quality Fac 0.01% 1,814 $349K Reduce -40.5%
DXCM Dexcom Inc. 0.01% 5,464 $346K Add +129.6%
DPZ Domino's Pizza Inc. 0.00% 796 $342K No change
ARRY Array Technologies Inc. 0.00% 46,900 $338K Add +97.4%
BOOT Boot Barn Holdings Inc. 0.00% 1,960 $332K New
EXC Exelon Corp. 0.00% 8,338 $321K Reduce -37.5%
TECK Teck Resources Ltd.-CLS B 0.00% 8,636 $312K Add +34.9%
PYPL PayPal Holdings Inc. 0.00% 5,359 $311K Reduce -62.4%
IEI iShares 3-7 Year Treasury Bo 0.00% 2,590 $309K Add +261.7%
LULU Lululemon Athletica Inc. 0.00% 1,630 $287K Add +82.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.00% 9,156 $279K Add +35.3%
CWEN Clearway Energy Inc. Class C 0.00% 10,822 $269K Reduce -5.8%
IYG iShares U.S. Financial Servi 0.00% 3,000 $269K No change
SHV iShares 0-1 Year Treasury Bo 0.00% 2,360 $261K New
OCUL Ocular Therapeutix Inc. 0.00% 25,500 $255K New
STKL Sunopta Inc. 0.00% 40,828 $239K Add +24.9%
PICK iShares MSCI Global Metals & 0.00% 5,347 $234K No change
REGN Regeneron Pharmaceuticals 0.00% 517 $232K New
FLNC Fluence Energy Inc. 0.00% 21,822 $227K Add +287.1%
RF Regions Financial Corp. 0.00% 9,900 $225K No change
OKLO Oklo Inc. 0.00% 2,210 $213K Reduce -95.8%
VWO Vanguard Ftse Emerging Marke 0.00% 4,292 $203K No change
ZTS Zoetis Inc. 0.00% 1,450 $199K No change
PSX Phillips 66 0.00% 1,650 $197K New
CMCSA Comcast Corp. Class A 0.00% 6,057 $191K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.00% 3,135 $189K Add +37.8%
MGM MGM Resorts International 0.00% 5,046 $184K Reduce -14.4%
MCHI iShares MSCI China ETF 0.00% 3,579 $178K No change
JBBB Janus Henderson B-BBB Clo Et 0.00% 4,261 $175K No change
VAW Vanguard Materials ETF 0.00% 1,000 $173K No change
GDX Vaneck Gold Miners ETF 0.00% 2,174 $162K No change
ITUB Itau Unibanco H-Spon PRF ADR 0.00% 22,000 $159K No change
IBB iShares Biotechnology ETF 0.00% 1,150 $159K No change
NUE Nucor Corp. 0.00% 1,251 $154K Add +649.1%
SMR Nuscale Power Corp. 0.00% 4,634 $154K Add +0.5%
BMRN Biomarin Pharmaceutical Inc. 0.00% 3,459 $149K New
SHEL Shell PLC-ADR 0.00% 2,052 $145K Reduce -6.2%
VWOB Vanguard Emerg MKTS Gov BND 0.00% 2,535 $145K No change
IXJ iShares Global Healthcare Et 0.00% 1,750 $144K No change
TLT iShares 20+ Year Treasury BD 0.00% 2,000 $142K No change
VALE Vale SA-SP ADR 0.00% 13,706 $140K Add +28.0%
AUPH Aurinia Pharmaceuticals Inc. 0.00% 13,000 $136K New
NTR Nutrien Ltd. 0.00% 2,679 $134K Add +69.2%
AR Antero Resources Corp. 0.00% 4,416 $131K Reduce -73.3%
LYFT LYFT Inc. Class A 0.00% 6,000 $131K No change
CQQQ Invesco China Technology ETF 0.00% 2,600 $127K No change
SLF Sun Life Financial Inc. 0.00% 2,490 $125K Add +49.2%
DECK Deckers Outdoor Corp. 0.00% 1,399 $124K Reduce -72.8%
BN Brookfield Corp. 0.00% 2,040 $119K No change
RIO Rio Tinto PLC-Spon ADR 0.00% 2,150 $119K No change
EQNR Equinor ASA-Spon ADR 0.00% 5,100 $111K No change
CRWD CrowdStrike Holdings Inc. Class A 0.00% 230 $107K Reduce -94.8%
BP BP PLC-Spons ADR 0.00% 3,000 $107K No change
GM General Motors Co. 0.00% 1,700 $104K No change
LMND Lemonade Inc. 0.00% 1,745 $90K No change
BXMT Blackstone Mortgage Tru Class A 0.00% 5,000 $80K No change
ETHE Grayscale Ethereum Staking E 0.00% 3,000 $79K New
SHLS Shoals Technologies Group -A 0.00% 25,482 $78K New
TD Toronto-Dominion Bank 0.00% 1,133 $77K No change
PSQ Proshares Short QQQ 0.00% 3,000 $75K Add +200.0%
CHRD Chord Energy Corp. 0.00% 672 $70K No change
SRE Sempra 0.00% 761 $67K No change
EWU iShares MSCI United Kingdom 0.00% 1,917 $64K No change
SONY Sony Group Corp. - SP ADR 0.00% 2,500 $63K No change
VRTX Vertex Pharmaceuticals Inc. 0.00% 139 $54K No change
ARKG ARK Genomic Revolution ETF 0.00% 1,910 $52K No change
AXP American Express Co. 0.00% 150 $51K No change
MRNA Moderna Inc. 0.00% 2,000 $49K Reduce -69.2%
ARTY iShares Future AI & Tech ETF 0.00% 1,243 $48K No change
NTES Netease Inc.-ADR 0.00% 315 $48K No change
LHX L3HARRIS Technologies Inc. 0.00% 158 $46K No change
ALB Albemarle Corp. 0.00% 500 $44K No change
UNH Unitedhealth Group Inc. 0.00% 123 $42K No change
CHWY Chewy Inc. Class A 0.00% 1,000 $40K Reduce -60.0%
IHE iShares US Pharmaceuticals E 0.00% 660 $40K No change
NVS Novartis AG-Sponsored ADR 0.00% 281 $35K No change
JD Jd.com Inc.-ADR 0.00% 1,180 $35K Add +136.0%
BDX Becton Dickinson and Co. 0.00% 230 $32K No change
COIN Coinbase Global Inc. Class A 0.00% 105 $28K No change
XLY SS Consumer Disc Select Sect 0.00% 130 $27K No change
QS Quantumscape Corp. 0.00% 2,000 $25K No change
SIRI Sirius XM Holdings Inc. 0.00% 1,190 $23K No change
EOG EOG Resources Inc. 0.00% 192 $23K No change
CL Colgate-Palmolive Co. 0.00% 350 $22K No change
GOVT iShares US Treasury Bond ETF 0.00% 952 $22K No change
UL Unilever PLC 0.00% 341 $20K No change
COP Conocophillips 0.00% 275 $20K Reduce -90.2%
DOG Proshares Short DOW30 0.00% 1,000 $19K No change
LOW Lowe's Cos Inc. 0.00% 73 $19K No change
MLP Maui Land & Pineapple Co. filed as MAUI LD & PINEAPPLE INC 0.00% 950 $18K No change
IONS Ionis Pharmaceuticals Inc. 0.00% 265 $17K No change
ASX Ase Technology Holding -ADR 0.00% 1,446 $16K No change
CVS CVS Health Corp. 0.00% 213 $16K No change
DLB Dolby Laboratories Inc. Class A 0.00% 211 $15K No change
TM Toyota Motor Corp. -Spon ADR 0.00% 74 $15K No change
CPNG Coupang Inc. 0.00% 500 $14K No change
TTE Totalenergies SE -Spon ADR 0.00% 212 $13K No change
VEON Veon Ltd. 0.00% 319 $13K No change
SPR Spirit Aerosystems Hold Class A 0.00% 300 $12K No change
BIIB Biogen Inc. 0.00% 82 $11K No change
MMM 3M Co. 0.00% 68 $10K No change
TUSK Mammoth Energy Services Inc. 0.00% 4,230 $10K No change
INTC Intel Corp. 0.00% 259 $9K No change
SNY Sanofi-ADR 0.00% 190 $9K No change
ABNB Airbnb Inc. Class A 0.00% 82 $9K No change
GSK GSK PLC-Spon ADR 0.00% 183 $7K No change
DEO Diageo PLC-Sponsored ADR 0.00% 76 $7K Reduce -49.7%
APO Apollo Global Management Inc. 0.00% 65 $7K Reduce -92.7%
IMVP Invesco India Exchange-Trade 0.00% 265 $7K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.00% 85 $6K No change
UPS United Parcel Service Class B 0.00% 68 $6K No change
DOW Dow Inc. 0.00% 122 $3K No change
LBRDK Liberty Broadband-C 0.00% 37 $2K No change
SPCE Virgin Galactic Holdings Inc. 0.00% 616 $2K No change
HLN Haleon PLC-ADR 0.00% 229 $2K No change
INMB Inmune Bio Inc. 0.00% 1,000 $2K No change
SOLV Solventum Corp. 0.00% 17 $1K No change
APLE Apple Hospitality REIT Inc. 0.00% 100 $1K No change
CRNC Cerence Inc. 0.00% 74 $882 No change
CARM Carisma Therapeutics Inc. 0.00% 535 $131 No change
COKE Coca-Cola Consolidated Inc. 0.00% 700 $115 No change
TASEKO MINES LTD 0.00% 26 $84 No change
ONCT Oncternal Therapeutics Inc. 0.00% 175 $73 No change
LEVGQ The Lion Electric Co. filed as THE LION ELECTRIC COMPANY 0.00% 2,500 $41 No change
CODA Coda Octopus Group Inc. 0.00% 6 $38 No change
HRL Hormel Foods Corp. 0.00% 1,000 $21 No change
TENX Tenax Therapeutics Inc. 0.00% 1 $6 No change
ALTO Alto Ingredients Inc. 0.00% 5 $4 No change
AUMN Golden Minerals Co. 0.00% 7 $3 No change
DSS DSS Inc. 0.00% 1 $1 No change
FURY Fury Gold Mines Ltd. 0.00% 1 $1 No change
GURE Gulf Resources Inc. 0.00% 1 $0 No change
TTOO T2 Biosystems Inc. 0.00% 1 $0 No change
Other holdings (37): bonds, preferreds, convertibles and warrants · $65.8M (not counted above)
SecurityClassShares / PrincipalValueChange
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 4,356,000$6.0MReduce -19.1%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 4,365,000$5.2MReduce -3.4%
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 4,085,000$4.9MAdd +29.5%
ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 4,900,000$4.8MNo change
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 1,995,000$4.5MReduce -29.8%
LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) NOTE 1.500%12/1 · principal 1,897,000$3.9MReduce -34.9%
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 2,990,000$2.8MAdd +9.1%
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 2,575,000$2.8MAdd +1.0%
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 2,030,000$2.8MReduce -4.7%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 2,970,000$2.7MAdd +11.2%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal 2,745,000$2.3MAdd +22.3%
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 1,920,000$2.3MReduce -52.6%
SHOPIFY INC (SHOPCN 0.125 11/01/25) NOTE 0.125%11/0 · principal 2,532,000$2.2MAdd +11.0%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 1,725,000$2.0MAdd +53.3%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 1,425,000$1.7MNo change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,480$1.6MNo change
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 1,750,000$1.6MReduce -42.1%
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 1,465,000$1.4MReduce -23.5%
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal 765,000$1.3MAdd +2.7%
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 1,300,000$1.1MNew
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal 1,300,000$1.1MNew
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 1,125,000$975KReduce -45.8%
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 991,000$873KNo change
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal 850,000$750KNo change
NCL CORPORATION LTD (NCLH 1.125 02/15/27) NOTE 1.125% 2/1 · principal 785,000$693KAdd +175.4%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 525,000$611KNo change
ASCENDIS PHARMA A/S (ASND 2.25 04/01/28) NOTE 2.250% 4/0 · principal 520,000$597KNo change
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 210,000$564KNew
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 302,000$331KReduce -73.6%
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal 302,000$329KReduce -84.0%
FIRSTENERGY CORP (FE 4 05/01/26) NOTE 4.000% 5/0 · principal 251,000$264KNew
REDFIN CORP (RDFN 0.5 04/01/27) NOTE 0.500% 4/0 · principal 266,000$246KNew
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 128,000$119KNo change
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 118,000$114KNo change
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal 100,000$102KNew
ITRON INC (ITRI 0 03/15/26) NOTE 3/1 · principal 94,000$99KReduce -42.7%
H WORLD GROUP LTD (HTHT 3 05/01/26) NOTE 3.000% 5/0 · principal 60,000$57KNo 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 472$9.1BMSFT, INDA, AMAT, GOOGL, NVDA
Q1 2026 462$7.1BMSFT, NVDA, GOOGL, AAPL, AMZN
Q4 2025 473$8.4BMSFT, NVDA, AAPL, AMZN, GOOGL
Q3 2025 451$7.0BMSFT, AMZN, NVDA, GOOGL, JPM
Q2 2025 459$6.8BMSFT, AMZN, NVDA, V, AVGO
Q1 2025 456$5.1BMSFT, AMZN, V, GOOG, AAPL
Q4 2024Amended 490$5.6BMSFT, AMZN, GOOG, V, AAPL