Universal- Beteiligungs- und Servicegesellschaft mbH

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), Universal- Beteiligungs- und Servicegesellschaft mbH reported 1,976 stock positions worth $64.2 billion. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Apple (AAPL, 4.9%) and Microsoft (MSFT, 3.9%). Compared with Q1 2026, it opened 132 new positions, sold out of 91, added to 880 and reduced 897. The biggest buy was KLA (KLAC, shares +4%) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F
Q2 2026
Location
FRANKFURT AM MAIN, 2M
CIK
0002057170
Portfolio Value
$64.2B (Q2 2026)
SEC Filing
0002057170-26-000021 ↗ filed Aug 6, 2026

Holdings Value

0$20.0B$40.0B$60.0B$80.0B Q4 2024: $49.7B Q4 2024 Q1 2025: $48.7B Q1 2025 Q2 2025: $55.2B Q2 2025 Q3 2025: $58.9B Q3 2025 Q4 2025: $60.5B Q4 2025 Q1 2026: $57.2B Q1 2026 Q2 2026: $64.2B $64.2B Q2 2026

Holdings 1,976 stocks · $64.2B
NVDA Nvidia Corp. 6.54% 20,958,131 $4.2B Reduce -4.7%
AAPL Apple Inc. 4.90% 10,936,561 $3.1B Reduce -2.3%
MSFT Microsoft Corp. 3.85% 6,629,138 $2.5B Reduce -2.5%
GOOGL Alphabet Inc. Class A 3.60% 6,498,188 $2.3B Reduce -6.6%
AMZN Amazon.com Inc. 3.35% 9,065,084 $2.2B Reduce -4.2%
AVGO Broadcom Inc. 2.23% 3,786,447 $1.4B Add +0.1%
GOOG Alphabet Inc. Class C 2.04% 3,758,007 $1.3B Reduce -5.8%
MU Micron Technology Inc. 1.83% 1,024,475 $1.2B Reduce -8.6%
META Meta Platforms Inc. Class A 1.72% 1,968,211 $1.1B Reduce -7.4%
AMD Advanced Micro Devices 1.58% 1,764,039 $1.0B Reduce -1.1%
TSLA Tesla Inc. 1.17% 1,803,666 $751.7M Reduce -2.4%
LLY Eli Lilly & Co. 1.14% 610,128 $729.3M Add +2.9%
V Visa Inc. Class A 1.12% 2,090,099 $716.4M Reduce -1.9%
AMAT Applied Materials Inc. 0.97% 874,439 $625.9M Reduce -4.5%
LRCX Lam Research Corp. 0.91% 1,353,418 $586.5M Reduce -5.3%
JPM JPMorgan Chase & Co. 0.86% 1,699,648 $551.7M Reduce -10.5%
JNJ Johnson & Johnson 0.86% 2,206,076 $551.5M Add +0.3%
CSCO Cisco Systems Inc. 0.77% 4,252,802 $495.8M Reduce -4.3%
MA Mastercard Inc. Class A 0.77% 964,834 $494.2M Reduce -5.5%
BRK.B Berkshire Hathaway Inc. Class B 0.68% 872,850 $434.0M Reduce -3.3%
LIN Linde PLC 0.66% 818,048 $424.4M Reduce -5.8%
INTC Intel Corp. 0.65% 3,015,622 $415.2M Reduce -11.5%
WMT Walmart Inc. 0.64% 3,648,691 $412.1M Reduce -1.3%
KLAC KLA Corp. 0.61% 1,300,944 $392.8M Add +3.6%
ABBV Abbvie Inc. 0.56% 1,448,017 $358.3M Reduce -5.0%
PANW Palo Alto Networks Inc. 0.52% 976,561 $332.9M Reduce -14.0%
NFLX Netflix Inc. 0.52% 4,632,661 $332.3M Reduce -2.9%
COST Costco Wholesale Corp. 0.49% 337,914 $314.4M Add +2.0%
PG The Procter & Gamble Co. 0.48% 2,076,245 $305.3M Add +1.5%
CAT Caterpillar Inc. 0.46% 281,908 $294.5M Reduce -0.2%
WELL Welltower Inc. 0.44% 1,249,469 $283.2M Add +6.2%
KO The Coca-Cola Co. 0.43% 3,380,919 $273.2M Add +0.8%
MRVL Marvell Technology Inc. 0.41% 895,414 $265.6M Reduce -14.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.41% 957,093 $265.4M Add +24.1%
UNH Unitedhealth Group Inc. 0.41% 630,368 $265.4M Reduce -1.5%
BAC Bank of America Corp. 0.41% 4,680,923 $264.8M Reduce -6.0%
XOM Exxon Mobil Corp. 0.40% 1,860,183 $253.7M Reduce -3.5%
CRM Salesforce Inc. 0.39% 1,603,956 $252.0M Add +6.1%
WDC Western Digital Corp. 0.39% 393,954 $250.3M Reduce -16.9%
MRK Merck & Co. Inc. 0.38% 1,912,337 $244.9M Reduce -6.9%
ADI Analog Devices Inc. 0.37% 604,092 $239.4M Add +1.3%
QCOM Qualcomm Inc. 0.37% 1,286,758 $237.4M Reduce -18.6%
APH Amphenol Corp. Class A 0.37% 1,344,484 $236.8M Reduce -6.6%
MCD McDonald's Corp. 0.36% 859,590 $232.5M Reduce -4.0%
MS Morgan Stanley 0.36% 1,122,424 $232.5M Reduce -0.0%
HD Home Depot Inc. 0.36% 654,477 $230.7M Reduce -9.3%
PEP Pepsico Inc. 0.35% 1,657,327 $224.8M Reduce -3.5%
BKNG Booking Holdings Inc. 0.34% 1,238,861 $221.5M Add +0.7%
MELI MercadoLibre Inc. 0.34% 130,463 $221.4M Reduce -8.7%
EQIX Equinix Inc. 0.34% 208,983 $217.5M Reduce -8.8%
PLTR Palantir Technologies Inc. Class A 0.34% 1,858,630 $215.9M Add +16.5%
TXN Texas Instruments Inc. 0.33% 719,088 $213.4M Reduce -14.2%
PLD Prologis Inc. 0.33% 1,574,247 $213.1M Reduce -3.6%
GE General Electric filed as GE AEROSPACE 0.33% 578,274 $212.3M Reduce -4.1%
GEV GE Vernova Inc. 0.32% 177,594 $208.6M Add +12.4%
AXP American Express Co. 0.32% 614,935 $206.7M Reduce -1.0%
WFC Wells Fargo & Co. 0.31% 2,428,798 $200.2M Reduce -10.0%
NEE Nextera Energy Inc. 0.31% 2,237,350 $195.9M Reduce -1.2%
SPGI S&P Global Inc. 0.30% 467,290 $190.2M Add +7.3%
TMO Thermo Fisher Scientific Inc. 0.29% 373,510 $187.6M Add +16.9%
GS Goldman Sachs Group Inc. 0.28% 180,956 $180.0M Reduce -1.1%
DLR Digital Realty Trust Inc. 0.28% 996,624 $178.9M Reduce -0.6%
SNDK Sandisk Corp. 0.28% 78,435 $178.3M Add +66.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.28% 1,833,665 $176.6M Reduce -10.9%
ADBE Adobe Inc. 0.27% 847,887 $175.1M Add +1.4%
AMGN Amgen Inc. 0.27% 483,751 $174.2M Reduce -0.5%
ANET Arista Networks Inc. 0.27% 1,016,076 $172.6M Add +4.3%
DE Deere & Co. 0.27% 272,848 $172.2M Add +2.0%
ORCL Oracle Corp. 0.27% 1,173,341 $170.9M Reduce -10.3%
C Citigroup Inc. 0.26% 1,202,414 $167.3M Add +9.5%
NEM Newmont Corp. 0.26% 1,781,315 $166.0M Add +9.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.26% 1,095,384 $164.9M Reduce -1.5%
UBER Uber Technologies Inc. 0.25% 2,257,185 $162.9M Reduce -5.3%
ETN Eaton Corp. PLC 0.25% 382,633 $162.8M Reduce -3.1%
CVX Chevron Corp. 0.25% 979,319 $162.4M Add +2.1%
CRWD CrowdStrike Holdings Inc. Class A 0.25% 211,934 $161.2M Add +5.3%
VRTX Vertex Pharmaceuticals Inc. 0.25% 323,752 $160.7M Reduce -4.3%
TT Trane Technologies PLC 0.25% 323,724 $158.7M Reduce -11.3%
GILD Gilead Sciences Inc. 0.25% 1,271,365 $158.3M Reduce -4.6%
SYK Stryker Corp. 0.24% 488,231 $153.8M Add +14.0%
LOW Lowe's Cos Inc. 0.23% 677,142 $149.3M Reduce -6.7%
VZ Verizon Communications Inc. 0.23% 3,498,514 $147.9M Add +0.4%
APP AppLovin Corp. Class A 0.23% 283,011 $145.8M Add +2.5%
NOW ServiceNow Inc. 0.22% 1,444,157 $144.1M Add +8.9%
GLW Corning Inc. 0.22% 562,802 $143.0M Add +42.6%
EW Edwards Lifesciences Corp. 0.22% 1,551,434 $140.4M Add +8.2%
MNST Monster Beverage Corp. 0.21% 1,434,923 $137.8M Reduce -18.1%
CACC Credit Acceptance Corp. 0.21% 213,684 $136.1M Reduce -7.6%
PM Philip Morris International 0.21% 762,123 $135.8M Add +2.5%
SPOT Spotify Technology SA 0.21% 291,447 $133.8M Reduce -3.8%
ABT Abbott Laboratories 0.20% 1,432,081 $130.4M Add +1.3%
INTU Intuit Inc. 0.20% 495,080 $130.1M Reduce -1.7%
UNP Union Pacific Corp. 0.20% 479,550 $130.1M Add +2.1%
PGR Progressive Corp. 0.20% 583,881 $127.5M Reduce -3.0%
T AT&T Inc. 0.19% 6,019,549 $124.5M Add +16.6%
MDT Medtronic PLC 0.19% 1,590,358 $124.5M Reduce -1.6%
ISRG Intuitive Surgical Inc. 0.19% 310,091 $123.3M Reduce -6.9%
HWM Howmet Aerospace Inc. 0.19% 459,587 $122.3M Add +4.8%
SCHW Schwab (charles) Corp. 0.19% 1,311,293 $120.6M Add +3.6%
VRT Vertiv Holdings Co. Class A 0.19% 357,943 $119.8M Add +8.8%

Show all 1,976 holdings

Options reported separately and not counted above: DEERE & CO calls ($3.0M), CUMMINS INC calls ($2.8M), CHENIERE ENERGY INC calls ($2.2M), AMZN calls ($1.9M), AMAZON COM INC calls ($1.8M), MOSAIC CO calls ($1.6M), PHILLIPS 66 calls ($1.3M), SUPER MICRO COMPUTER INC calls ($1.2M), SNOWFLAKE INC calls ($481K), ORACLE CORP calls ($475K), ZM calls ($461K), BAKER HUGHES COMPANY calls ($442K), and 1 more.

Other holdings (133): bonds, preferreds, convertibles and warrants · $1.2B (not counted above)
SecurityClassShares / PrincipalValueChange
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 5,903,000$100.0MReduce -35.6%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 69,371,000$83.2MAdd +24.1%
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal 80,056,000$72.4MReduce -16.1%
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 61,974,000$69.6MAdd +4.9%
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal 44,354,000$55.1MReduce -2.7%
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal 44,870,000$53.7MReduce -28.1%
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 40,223,000$46.0MAdd +37.4%
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal 33,452,000$44.3MAdd +2.1%
AKAMAI TECHNOLOGIES INC (AKAM 0.25 05/15/33) NOTE 0.250% 5/1 · principal 28,431,000$41.6MNew
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal 36,419,000$40.3MReduce -4.2%
ALLIANT ENERGY CORP (LNT 3.25 05/30/28) NOTE 3.250% 5/3 · principal 32,241,000$35.4MNew
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal 16,084,000$28.4MAdd +25.6%
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal 25,219,000$27.8MAdd +23.8%
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 22,755,000$27.3MAdd +19.3%
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal 27,950,000$25.8MAdd +40.1%
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 19,952,000$24.1MAdd +34.2%
FIRSTENERGY CORP (FE 3.875 01/15/31) NOTE 3.875% 1/1 · principal 19,930,000$22.5MNew
NUTANIX INC (NTNX 0.5 12/15/29) NOTE 0.500%12/1 · principal 21,698,000$21.4MAdd +181.5%
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 13,889,000$19.8MAdd +11.9%
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 12,620,000$14.0MNew
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 10,505,000$12.7MAdd +27.9%
WEC ENERGY GROUP INC (WEC 4.375 06/01/27) NOTE 4.375% 6/0 · principal 10,400,000$12.6MAdd +89.1%
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 12,210,000$11.0MReduce -0.3%
ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) NOTE 2.250% 9/0 · principal 8,330,000$10.9MAdd +3.6%
ALPHABET INC (GOOGL 6.25 05/15/29 A) DEP SHS RP1/20 A 212,942$10.7MNew
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal 3,510,000$10.4MReduce -33.9%
FIRSTENERGY CORP (FE 3.625 01/15/29) NOTE 3.625% 1/1 · principal 9,100,000$10.1MNew
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal 8,950,000$9.2MAdd +37.7%
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal 5,036,000$8.2MReduce -2.4%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 6,334$7.9MAdd +22.0%
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) NOTE 1.750% 8/1 · principal 7,700,000$7.8MReduce -35.8%
PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) NOTE 4.750% 6/1 · principal 6,100,000$7.3MNo change
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal 6,514,000$6.8MAdd +18.1%
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 7,179,000$6.7MNo change
FLUENCE ENERGY INC (FLNC 2.25 06/15/30) NOTE 2.250% 6/1 · principal 4,990,000$6.4MReduce -27.4%
SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) NOTE 2.250% 7/0 · principal 3,200,000$6.2MReduce -8.6%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 3,426,000$6.2MAdd +8.7%
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal 5,272,000$5.3MAdd +4.3%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 3,374,000$5.2MReduce -27.8%
REVOLUTION MEDICINES INC (RVMD 0.5 05/01/33) NOTE 0.500% 5/0 · principal 3,835,000$4.8MNew
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D 106,050$4.8MReduce -24.8%
MERIT MEDICAL SYSTEMS IN (MMSI 3 02/01/29) NOTE 3.000% 2/0 · principal 4,200,000$4.6MNew
ETSY INC (ETSY 1 06/15/30) NOTE 1.000% 6/1 · principal 3,600,000$4.2MNew
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 1,329,506$4.2MAdd +23.7%
LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) NOTE 2.875% 1/1 · principal 3,359,000$4.1MAdd +8.0%
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal 3,362,000$3.9MAdd +8.0%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 2,658,000$3.9MAdd +2.9%
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 72,883$3.9MAdd +367.7%
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 65,000$3.8MNew
GUIDEWIRE SOFTWARE INC (GWRE 1.25 11/01/29) NOTE 1.250%11/0 · principal 3,623,000$3.5MAdd +39.4%
CHEESECAKE FACTORY (THE) (CAKE 2 03/15/30) NOTE 2.000% 3/1 · principal 2,700,000$3.5MNo change
UPSTART HOLDINGS INC (UPST 1 11/15/30) NOTE 1.000%11/1 · principal 4,100,000$3.4MNo change
UPSTART HOLDINGS INC (UPST 2 10/01/29) NOTE 2.000%10/0 · principal 2,905,000$3.3MAdd +62.3%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) NOTE 2.375%12/1 · principal 1,400,000$3.1MReduce -17.6%
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 3,100,000$3.1MAdd +19.2%
ENOVIS CORP (ENOV 3.875 10/15/28) NOTE 3.875%10/1 · principal 3,057,000$3.0MNew
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 3,050,000$2.9MAdd +205.0%
CRACKER BARREL OLD COUNT (CBRL 1.75 09/15/30) NOTE 1.750% 9/1 · principal 2,700,000$2.8MNew
ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) NOTE 2.500% 7/1 · principal 2,200,000$2.8MReduce -33.3%
STRATEGY INC (MSTR 0.875 03/15/31) NOTE 0.875% 3/1 · principal 3,000,000$2.8MAdd +22.4%
BRIDGEBIO PHARMA INC (BBIO 1.75 03/01/31) NOTE 1.750% 3/0 · principal 1,620,000$2.7MAdd +12.5%
BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) NOTE 5.500% 3/1 · principal 2,500,000$2.5MNo change
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 2,300,000$2.4MReduce -43.5%
AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) NOTE 0.375% 9/0 · principal 1,950,000$2.3MReduce -50.6%
PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) NOTE 3.500% 3/0 · principal 2,400,000$2.3MReduce -9.4%
SOUTHERN CO (SO 3.25 06/15/28) NOTE 3.250% 6/1 · principal 2,300,000$2.3MNew
RIVIAN AUTO INC (RIVN 3.625 10/15/30) NOTE 3.625%10/1 · principal 2,150,000$2.3MAdd +8.6%
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 2,043,000$2.3MNo change
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) NOTE 3.250% 1/1 · principal 2,400,000$2.3MAdd +123.3%
SUPER MICRO COMPUTER INC (SMCI 0 06/15/30) NOTE 6/1 · principal 2,565,000$2.3MNew
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 2,370,000$2.3MAdd +172.4%
STRATEGY INC (MSTR 2.25 06/15/32) NOTE 2.250% 6/1 · principal 2,295,000$2.2MAdd +27.9%
FRESHPET INC (FRPT 3 04/01/28) NOTE 3.000% 4/0 · principal 1,700,000$2.0MNo change
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 1,600,000$1.9MReduce -5.9%
BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) NOTE 2.500% 3/1 · principal 1,063,000$1.9MAdd +47.4%
WEC ENERGY GROUP INC (WEC 3.375 06/01/28) NOTE 3.375% 6/0 · principal 1,800,000$1.9MNew
ALPHABET INC (GOOGL 6.25 05/15/29 B) DEP SHS RP1/20 B 36,342$1.8MNew
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 1,700,000$1.6MNo change
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 425,000$1.6MNo change
ZIFF DAVIS INC (ZD 1.75 11/01/26) NOTE 1.750%11/0 · principal 1,522,000$1.5MNo change
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 1,194,000$1.4MNo change
INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) DBCV 1.875% 3/1 · principal 1,370,000$1.3MNew
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 200,000$1.3MReduce -48.7%
CELCUITY INC (CELC 0.25 08/01/32) NOTE 0.250% 8/0 · principal 1,120,000$1.3MNew
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 960,000$1.2MAdd +120.7%
MGP INGREDIENTS INC (MGPI 1.875 11/15/41) NOTE 1.875%11/1 · principal 1,200,000$1.2MNo change
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal 1,200,000$1.1MNo change
HAEMONETICS CORP (HAE 2.5 06/01/29) NOTE 2.500% 6/0 · principal 1,100,000$1.1MNo change
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) NOTE 2.000% 3/1 · principal 1,200,000$1.1MNo change
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 1,058,000$1.1MReduce -42.4%
BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) MTNF 0.600% 5/2 · principal 800,000$1.0MNo change
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 20,000$1.0MNew
UPWORK INC (UPWK 0.25 08/15/26) NOTE 0.250% 8/1 · principal 1,000,000$994KNo change
UPSTART HOLDINGS INC (UPST 0.25 08/15/26) NOTE 0.250% 8/1 · principal 1,000,000$993KNo change
FIVE9 INC (FIVN 1 03/15/29) NOTE 1.000% 3/1 · principal 1,100,000$981KReduce -69.6%
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 1,000,000$973KNo change
RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal 1,000,000$964KNew
BENTLEY SYSTEMS (BSY 0.375 07/01/27) NOTE 0.375% 7/0 · principal 1,000,000$962KAdd +100.0%
ALKAMI TECHNOLOGY INC (ALKTEC 1.5 03/15/30) NOTE 1.500% 3/1 · principal 1,000,000$960KAdd +150.0%
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) NOTE 2.250% 6/0 · principal 1,000,000$952KAdd +100.0%
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 1,000,000$944KAdd +100.0%
RIOT PLATFORMS INC (RIOT 0.75 01/15/30) NOTE 0.750% 1/1 · principal 430,000$866KReduce -76.1%
RAPID7 INC (RPD 1.25 03/15/29) NOTE 1.250% 3/1 · principal 1,000,000$852KNew
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 500,000$846KNo change
APPLIED DIGITAL CORP (APLD 2.75 06/01/30) NOTE 2.750% 6/0 · principal 210,000$839KReduce -16.0%
HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) NOTE 0.250% 3/0 · principal 750,000$837KNo change
EVOLENT HEALTH INC DEBT 4.500% 8/1 · principal 1,025,000$828KNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 786,000$810KNo change
SNAP INC (SNAP 0.75 08/01/26) NOTE 0.750% 8/0 · principal 750,000$750KNo change
NCL CORPORATION LTD (NCLH 0.875 04/15/30) NOTE 0.875% 4/1 · principal 614,000$687KNew
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) NOTE 2.250% 2/0 · principal 600,000$674KNo change
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal 500,000$664KReduce -84.8%
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 667,000$644KNo change
REPLIGEN CORP (RGEN 1 12/15/28) NOTE 1.000%12/1 · principal 600,000$616KNo change
UNITI GROUP INC (UNIT 7.5 12/01/27) NOTE 7.500%12/0 · principal 478,000$579KNo change
LYFT INC (LYFT 0.625 03/01/29) NOTE 0.625% 3/0 · principal 500,000$526KNo change
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 500,000$510KNo change
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) NOTE 1.750%12/1 · principal 500,000$496KNo change
SUPER MICRO COMPUTER INC (SMCI 2.25 07/15/28) NOTE 2.250% 7/1 · principal 500,000$495KNew
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) NOTE 3.250%12/1 · principal 500,000$494KNo change
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 500,000$488KNo change
VARONIS SYSTEM INC (VRNS 1 09/15/29) NOTE 1.000% 9/1 · principal 500,000$488KNo change
PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) NOTE 1.500%10/1 · principal 500,000$474KNo change
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 4,000$463KNew
JOBY AVIATION INC (JOBY 0.75 02/15/32) NOTE 0.750% 2/1 · principal 500,000$457KNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 300,000$373KAdd +100.0%
SABRE GLBL INC (SABHLD 7.32 08/01/26) NOTE 7.320% 8/0 · principal 328,000$344KNo change
SNAP INC (SNAP 0.125 03/01/28) NOTE 0.125% 3/0 · principal 300,000$278KNo change
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal 200,000$202KNo change
BOX INC (BOX 1.5 09/15/29) NOTE 1.500% 9/1 · principal 100,000$98KNo change
OPENW Opendoor Technologies Inc.-26 *W EXP 11/20/202 11,440$6KNo change
OPENL Opendoor Technologies Inc.-26 *W EXP 11/20/202 11,440$3KNo change
OPENZ Opendoor Technologies Inc.-26 *W EXP 11/20/202 11,440$3KNo change

Total filed on the 13F, all lines: $65.4B.

Portfolio Sells Q1 2026 → Q2 2026
MSFT Microsoft Corp. Reduce -2.5% 3.85% −0.55
META Meta Platforms Inc. Class A Reduce -7.4% 1.72% −0.40
NFLX Netflix Inc. Reduce -2.9% 0.52% −0.29
HON Honeywell International Inc. Reduce -98.2% 0.00% −0.20
NVDA Nvidia Corp. Reduce -4.7% 6.54% −0.18
INTU Intuit Inc. Reduce -1.7% 0.20% −0.18
XOM Exxon Mobil Corp. Reduce -3.5% 0.40% −0.17
WMT Walmart Inc. Reduce -1.3% 0.64% −0.16
MCD McDonald's Corp. Reduce -4.0% 0.36% −0.12
MA Mastercard Inc. Class A Reduce -5.5% 0.77% −0.12
PEP Pepsico Inc. Reduce -3.5% 0.35% −0.12
JPM JPMorgan Chase & Co. Reduce -10.5% 0.86% −0.11
BSX Boston Scientific Corp. Reduce -28.5% 0.07% −0.10
ZTS Zoetis Inc. Reduce -10.6% 0.09% −0.09
LIN Linde PLC Reduce -5.8% 0.66% −0.09
MELI MercadoLibre Inc. Reduce -8.7% 0.34% −0.09
AMZN Amazon.com Inc. Reduce -4.2% 3.35% −0.09
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.3% 0.68% −0.08
ISRG Intuitive Surgical Inc. Reduce -6.9% 0.19% −0.08
TMUS T-Mobile US Inc. Reduce -6.8% 0.15% −0.07
GILD Gilead Sciences Inc. Reduce -4.6% 0.25% −0.07
DIS The Walt Disney Co. Reduce -10.9% 0.28% −0.07
ORCL Oracle Corp. Reduce -10.3% 0.27% −0.07
LOW Lowe's Cos Inc. Reduce -6.7% 0.23% −0.07
DHR Danaher Corp. Reduce -18.7% 0.18% −0.07
WFC Wells Fargo & Co. Reduce -10.0% 0.31% −0.06
NEE Nextera Energy Inc. Reduce -1.2% 0.31% −0.06
HD Home Depot Inc. Reduce -9.3% 0.36% −0.06
VLO Valero Energy Corp. Reduce -34.0% 0.09% −0.05
EQIX Equinix Inc. Reduce -8.8% 0.34% −0.05
SHW The Sherwin-Williams Co. Reduce -35.7% 0.08% −0.05
TJX TJX Companies Inc. Reduce -1.5% 0.26% −0.05
MDT Medtronic PLC Reduce -1.6% 0.19% −0.05
MRK Merck & Co. Inc. Reduce -6.9% 0.38% −0.05
REGN Regeneron Pharmaceuticals Reduce -8.6% 0.10% −0.05
MSI Motorola Solutions Inc. Reduce -13.7% 0.14% −0.05
SPOT Spotify Technology SA Reduce -3.8% 0.21% −0.05
CVNA Carvana Co. Reduce -63.8% 0.02% −0.05
AAPL Apple Inc. Reduce -2.3% 4.90% −0.05
UBER Uber Technologies Inc. Reduce -5.3% 0.25% −0.05
PLD Prologis Inc. Reduce -3.6% 0.33% −0.05
EA Electronic Arts Inc. Reduce -24.1% 0.09% −0.04
IDXX Idexx Laboratories Inc. Reduce -23.3% 0.07% −0.04
YUMC Yum China Holdings Inc. Reduce -49.8% 0.02% −0.04
MCK McKesson Corp. Reduce -1.2% 0.13% −0.04
BMY Bristol-Myers Squibb Co. Reduce -6.9% 0.14% −0.04
DLR Digital Realty Trust Inc. Reduce -0.6% 0.28% −0.04
NKE Nike Inc. Class B Reduce -1.4% 0.08% −0.04
QGEN Qiagen N.V. Reduce -25.5% 0.06% −0.04
AJG Arthur J Gallagher & Co. Reduce -23.1% 0.09% −0.04

Portfolio Buys Q1 2026 → Q2 2026
KLAC KLA Corp. Add +3.6% 0.61% +0.29
SNDK Sandisk Corp. Add +66.3% 0.28% +0.23
LLY Eli Lilly & Co. Add +2.9% 1.14% +0.18
AVGO Broadcom Inc. Add +0.1% 2.23% +0.18
GLW Corning Inc. Add +42.6% 0.22% +0.13
CRWD CrowdStrike Holdings Inc. Class A Add +5.3% 0.25% +0.11
HON Honeywell International Inc. New 0.09% +0.09
IBM Intl Business Machines Corp. Add +24.1% 0.41% +0.09
GEV GE Vernova Inc. Add +12.4% 0.32% +0.08
SPCX Space Exploration Techn Class A New 0.07% +0.07
SNOW Snowflake Inc. Add +42.5% 0.12% +0.07
ANET Arista Networks Inc. Add +4.3% 0.27% +0.06
CDNS Cadence Design SYS Inc. Add +19.8% 0.19% +0.06
CRDO Credo Technology Group Holdi Add +36.1% 0.06% +0.04
SPG Simon Property Group Inc. Add +25.9% 0.17% +0.04
C Citigroup Inc. Add +9.5% 0.26% +0.04
HOOD Robinhood Markets Inc. Class A Add +77.9% 0.08% +0.04
VRT Vertiv Holdings Co. Class A Add +8.8% 0.19% +0.04
AHR American Healthcare REIT Inc. Add +171.4% 0.07% +0.04
ADI Analog Devices Inc. Add +1.3% 0.37% +0.04
FIX Comfort Systems USA Inc. Add +21.0% 0.11% +0.04
APP AppLovin Corp. Class A Add +2.5% 0.23% +0.03
WELL Welltower Inc. Add +6.2% 0.44% +0.03
ALAB Astera Labs Inc. Add +32.0% 0.04% +0.03
MPWR Monolithic Power Systems Inc. Add +21.8% 0.12% +0.03
AFRM Affirm Holdings Inc. Add +348.7% 0.03% +0.03
USB US Bancorp Add +19.9% 0.15% +0.03
AXON Axon Enterprise Inc. Add +6.0% 0.15% +0.03
VMRK Vivmark Residential Add +66.5% 0.07% +0.03
VICR Vicor Corp. Add +90.5% 0.03% +0.03
BXDC Blackstone Digital Infrastru New 0.02% +0.02
WPC WP Carey Inc. Add +132.3% 0.04% +0.02
AMT American Tower Corp. Add +37.6% 0.14% +0.02
O Realty Income Corp. Add +39.0% 0.10% +0.02
STRL Sterling Infrastructure Inc. Add +10.3% 0.04% +0.02
GH Guardant Health Inc. Add +2.4% 0.06% +0.02
UCTT Ultra Clean Holdings Inc. Add +25.4% 0.03% +0.02
EW Edwards Lifesciences Corp. Add +8.2% 0.22% +0.02
KIM Kimco Realty Corp. Add +75.3% 0.04% +0.02
TMO Thermo Fisher Scientific Inc. Add +16.9% 0.29% +0.02
LTH Life Time Group Holdings Inc. Add +177.2% 0.02% +0.02
SBAC SBA Communications Corp. Add +93.6% 0.04% +0.02
GTX Garrett Motion Inc. Add +13.9% 0.03% +0.02
HWM Howmet Aerospace Inc. Add +4.8% 0.19% +0.02
ROK Rockwell Automation Inc. Add +0.1% 0.08% +0.02
TTMI TTM Technologies Add +25.2% 0.03% +0.02
DVN Devon Energy Corp. Add +104.6% 0.05% +0.02
WMB Williams Cos Inc. Add +26.6% 0.12% +0.02
IRM Iron Mountain Inc. Add +3.5% 0.12% +0.01
SEZL Sezzle Inc. New 0.01% +0.01

Options Activity Q1 2026 → Q2 2026
DEERE & CO call New 22,100 $3.0M
CUMMINS INC call New 19,100 $2.8M
CHENIERE ENERGY INC call New 54,200 $2.2M
AMZN Amazon.com Inc. call Add +150.5% 78,400 $1.9M
AMAZON COM INC call New 113,200 $1.8M
MOSAIC CO call New 550,000 $1.6M
PHILLIPS 66 call New 70,200 $1.3M
SUPER MICRO COMPUTER INC call New 635,000 $1.2M
NEM Newmont Corp. call Sold out 170,000 $1.1Mbefore exit
SNOWFLAKE INC call New 30,000 $481K
ORACLE CORP call New 100,000 $475K
BAKER HUGHES COMPANY call New 104,100 $442K
NVIDIA CORPORATION call New 25,000 $344K
PLTR Palantir Technologies Inc. Class A call Sold out 60,000 $258Kbefore exit
ADBE Adobe Inc. call Sold out 50,000 $201Kbefore exit
SNAP INC call Sold out 1,600,800 $56Kbefore exit
OPEN Opendoor Technologies Inc. put Sold out 3,495,900 $52Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2026 → Q2 2026
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal Reduce -35.6% 5,903,000 $100.0M
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal Add +24.1% 69,371,000 $83.2M
GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) NOTE 1.500% 3/0 · principal Reduce -16.1% 80,056,000 $72.4M
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal Add +4.9% 61,974,000 $69.6M
WEC ENERGY GROUP INC (WEC 4.375 06/01/29) NOTE 4.375% 6/0 · principal Reduce -2.7% 44,354,000 $55.1M
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) NOTE 1.125% 2/1 · principal Reduce -28.1% 44,870,000 $53.7M
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Add +37.4% 40,223,000 $46.0M
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) NOTE 3.000% 3/0 · principal Add +2.1% 33,452,000 $44.3M
AKAMAI TECHNOLOGIES INC (AKAM 0.25 05/15/33) NOTE 0.250% 5/1 · principal New 28,431,000 $41.6M
SOUTHERN CO (SO 4.5 06/15/27) NOTE 4.500% 6/1 · principal Reduce -4.2% 36,419,000 $40.3M
ALLIANT ENERGY CORP (LNT 3.25 05/30/28) NOTE 3.250% 5/3 · principal New 32,241,000 $35.4M
SNOWFLAKE INC (SNOW 0 10/01/29) NOTE 10/0 · principal Add +25.6% 16,084,000 $28.4M
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) NOTE 0.750% 6/0 · principal Add +23.8% 25,219,000 $27.8M
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Add +19.3% 22,755,000 $27.3M
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal Add +40.1% 27,950,000 $25.8M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal Add +34.2% 19,952,000 $24.1M
FIRSTENERGY CORP (FE 3.875 01/15/31) NOTE 3.875% 1/1 · principal New 19,930,000 $22.5M
NUTANIX INC (NTNX 0.5 12/15/29) NOTE 0.500%12/1 · principal Add +181.5% 21,698,000 $21.4M
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) NOTE 3.625% 6/1 · principal Sold out 19,744,000 $19.9Mbefore exit
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal Add +11.9% 13,889,000 $19.8M
DUKE ENERGY CORP (DUK 4.125 04/15/26) NOTE 4.125% 4/1 · principal Sold out 12,800,000 $14.4Mbefore exit
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal New 12,620,000 $14.0M
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal Add +27.9% 10,505,000 $12.7M
WEC ENERGY GROUP INC (WEC 4.375 06/01/27) NOTE 4.375% 6/0 · principal Add +89.1% 10,400,000 $12.6M
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal Reduce -0.3% 12,210,000 $11.0M
ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29) NOTE 2.250% 9/0 · principal Add +3.6% 8,330,000 $10.9M
ALPHABET INC (GOOGL 6.25 05/15/29 A) DEP SHS RP1/20 A New 212,942 $10.7M
MKS INC (MKSI 1.25 06/01/30) NOTE 1.250% 6/0 · principal Reduce -33.9% 3,510,000 $10.4M
FIRSTENERGY CORP (FE 3.625 01/15/29) NOTE 3.625% 1/1 · principal New 9,100,000 $10.1M
STRATEGY INC (MSTR 0.625 09/15/28) NOTE 0.625% 9/1 · principal Add +37.7% 8,950,000 $9.2M
SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) NOTE 0.250%10/0 · principal Reduce -2.4% 5,036,000 $8.2M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +22.0% 6,334 $7.9M
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) NOTE 1.750% 8/1 · principal Reduce -35.8% 7,700,000 $7.8M
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal Sold out 4,724,000 $7.1Mbefore exit
MERITAGE HOMES CORP (MTH 1.75 05/15/28) NOTE 1.750% 5/1 · principal Add +18.1% 6,514,000 $6.8M
FLUENCE ENERGY INC (FLNC 2.25 06/15/30) NOTE 2.250% 6/1 · principal Reduce -27.4% 4,990,000 $6.4M
SOLAR EDGE TECHNOLOGIES (SEDG 2.25 07/01/29) NOTE 2.250% 7/0 · principal Reduce -8.6% 3,200,000 $6.2M
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal Add +8.7% 3,426,000 $6.2M
CABLE ONE INC (CABO 1.125 03/15/28) NOTE 1.125% 3/1 · principal Sold out 7,800,000 $6.1Mbefore exit
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal Sold out 2,320,000 $5.6Mbefore exit
PARSONS CORP (PSN 2.625 03/01/29) NOTE 2.625% 3/0 · principal Add +4.3% 5,272,000 $5.3M
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal Reduce -27.8% 3,374,000 $5.2M
REVOLUTION MEDICINES INC (RVMD 0.5 05/01/33) NOTE 0.500% 5/0 · principal New 3,835,000 $4.8M
ORACLE CORP (ORCL 6.5 01/15/29 D) 6.5 DEP CUM SR D Reduce -24.8% 106,050 $4.8M
MERIT MEDICAL SYSTEMS IN (MMSI 3 02/01/29) NOTE 3.000% 2/0 · principal New 4,200,000 $4.6M
ETSY INC (ETSY 1 06/15/30) NOTE 1.000% 6/1 · principal New 3,600,000 $4.2M
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Add +23.7% 1,329,506 $4.2M
LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) NOTE 2.875% 1/1 · principal Add +8.0% 3,359,000 $4.1M
AFFIRM HOLDINGS INC (AFRM 0.75 12/15/29) NOTE 0.750%12/1 · principal Add +8.0% 3,362,000 $3.9M
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal Add +2.9% 2,658,000 $3.9M

Showing the first 50 of 110.

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 1,976$64.2BNVDA, AAPL, MSFT, GOOGL, AMZN
Q1 2026 1,933$57.2BNVDA, AAPL, MSFT, GOOGL, AMZN
Q4 2025 1,911$60.5BNVDA, MSFT, AAPL, AMZN, GOOGL
Q3 2025 1,895$58.9BNVDA, MSFT, AAPL, AMZN, GOOGL
Q2 2025 1,815$55.2BMSFT, NVDA, AAPL, AMZN, META
Q1 2025 1,820$48.7BMSFT, NVDA, AAPL, AMZN, GOOGL
Q4 2024 977$49.7BMSFT, NVDA, AAPL, AMZN, GOOGL