Universal- Beteiligungs- und Servicegesellschaft mbH
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Universal- Beteiligungs- und Servicegesellschaft mbH reported 1,820 stock positions worth $48.7 billion. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by Nvidia (NVDA, 4.9%) and Apple (AAPL, 4.9%). Compared with Q4 2024, it opened 861 new positions, sold out of 19, added to 456 and reduced 450. The biggest buy was a new position in Berkshire Hathaway Class A (BRK.A) and the biggest sale Nvidia (NVDA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- FRANKFURT AM MAIN, 2M
- CIK
- 0002057170
- Portfolio Value
- $48.7B (Q1 2025)
- SEC Filing
- 0002057170-25-000004 ↗ filed May 6, 2025
Holdings Value
Holdings 1,820 stocks · $48.7B
| MSFT Microsoft Corp. | 5.51% | 7,145,067 | $2.7B | Reduce -0.8% |
| NVDA Nvidia Corp. | 4.89% | 21,989,587 | $2.4B | Reduce -1.2% |
| AAPL Apple Inc. | 4.88% | 10,701,290 | $2.4B | Reduce -0.8% |
| AMZN Amazon.com Inc. | 3.53% | 9,027,299 | $1.7B | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 2.34% | 7,374,451 | $1.1B | Add +1.5% |
| META Meta Platforms Inc. Class A | 2.30% | 1,944,277 | $1.1B | Reduce -2.1% |
| V Visa Inc. Class A | 1.44% | 1,996,317 | $699.6M | Reduce -6.3% |
| GOOG Alphabet Inc. Class C | 1.32% | 4,126,386 | $644.7M | Reduce -0.1% |
| AVGO Broadcom Inc. | 1.26% | 3,679,856 | $616.1M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 1.10% | 974,209 | $534.0M | Reduce -8.6% |
| TSLA Tesla Inc. | 1.05% | 1,972,412 | $511.2M | Reduce -1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 882,743 | $470.1M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 0.91% | 1,801,643 | $441.9M | Reduce -4.9% |
| LLY Eli Lilly & Co. | 0.89% | 526,283 | $434.7M | Add +0.1% |
| JNJ Johnson & Johnson | 0.81% | 2,372,007 | $393.4M | Reduce -1.8% |
| UNH Unitedhealth Group Inc. | 0.80% | 739,874 | $387.5M | Add +1.8% |
| NFLX Netflix Inc. | 0.79% | 414,228 | $386.3M | Add +4.0% |
| LIN Linde PLC | 0.77% | 810,028 | $377.2M | Reduce -12.4% |
| ABBV Abbvie Inc. | 0.66% | 1,530,986 | $320.8M | Reduce -0.5% |
| CRM Salesforce Inc. | 0.65% | 1,186,473 | $318.4M | Add +1.0% |
| PG The Procter & Gamble Co. | 0.65% | 1,859,712 | $316.9M | Add +0.3% |
| COST Costco Wholesale Corp. | 0.59% | 306,423 | $289.8M | Add +0.3% |
| ADBE Adobe Inc. | 0.55% | 702,151 | $269.3M | Reduce -14.6% |
| MELI MercadoLibre Inc. | 0.52% | 130,219 | $254.0M | Reduce -5.5% |
| HD Home Depot Inc. | 0.52% | 692,509 | $253.8M | Reduce -2.2% |
| WMT Walmart Inc. | 0.52% | 2,861,011 | $251.2M | Add +17.3% |
| XOM Exxon Mobil Corp. | 0.51% | 2,070,026 | $246.2M | Reduce -7.5% |
| CSCO Cisco Systems Inc. | 0.50% | 3,921,976 | $242.0M | Reduce -0.1% |
| INTU Intuit Inc. | 0.49% | 385,572 | $236.7M | Add +2.1% |
| SPGI S&P Global Inc. | 0.48% | 461,761 | $234.6M | Reduce -3.6% |
| BKNG Booking Holdings Inc. | 0.48% | 50,436 | $232.4M | Reduce -0.8% |
| KO The Coca-Cola Co. | 0.47% | 3,224,311 | $230.9M | Reduce -0.6% |
| PEP Pepsico Inc. | 0.47% | 1,516,598 | $227.4M | Add +4.2% |
| WELL Welltower Inc. | 0.45% | 1,443,747 | $221.2M | Reduce -6.3% |
| MCD McDonald's Corp. | 0.45% | 702,427 | $219.4M | Reduce -3.9% |
| QCOM Qualcomm Inc. | 0.44% | 1,400,199 | $215.1M | Add +5.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.44% | 5,091,643 | $212.5M | Add +2.7% |
| WFC Wells Fargo & Co. | 0.42% | 2,827,679 | $203.0M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.41% | 2,226,669 | $199.9M | Add +1.6% |
| ACN Accenture PLC Class A | 0.40% | 624,886 | $195.0M | Reduce -2.4% |
| TMO Thermo Fisher Scientific Inc. | 0.39% | 382,639 | $190.4M | Add +2.1% |
| DHR Danaher Corp. | 0.39% | 926,155 | $189.9M | Reduce -12.4% |
| BLK BlackRock Inc. | 0.39% | 198,456 | $187.8M | Reduce -9.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 749,439 | $186.4M | Reduce -2.9% |
| NOW ServiceNow Inc. | 0.38% | 234,043 | $186.3M | Add +3.2% |
| AMGN Amgen Inc. | 0.38% | 593,039 | $184.8M | Reduce -20.1% |
| ORCL Oracle Corp. | 0.38% | 1,307,586 | $182.8M | Add +0.9% |
| UBER Uber Technologies Inc. | 0.37% | 2,474,368 | $180.3M | Reduce -4.2% |
| EQIX Equinix Inc. | 0.37% | 218,852 | $178.4M | Add +0.3% |
| ABT Abbott Laboratories | 0.36% | 1,326,849 | $176.0M | Reduce -5.1% |
| PLD Prologis Inc. | 0.36% | 1,557,122 | $174.1M | Add +0.4% |
| AXP American Express Co. | 0.35% | 640,889 | $172.4M | Add +1.5% |
| TXN Texas Instruments Inc. | 0.35% | 948,265 | $170.4M | Reduce -10.0% |
| SYK Stryker Corp. | 0.35% | 453,214 | $168.7M | Add +5.9% |
| ISRG Intuitive Surgical Inc. | 0.34% | 335,757 | $166.3M | Add +4.3% |
| PANW Palo Alto Networks Inc. | 0.34% | 967,847 | $165.2M | Add +0.6% |
| ADP Automatic Data Processing | 0.33% | 525,844 | $160.7M | Add +1.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 1,582,142 | $156.2M | Add +1.9% |
| MDT Medtronic PLC | 0.32% | 1,717,751 | $154.4M | Reduce -1.9% |
| MRSH Marsh & McLennan Cos | 0.32% | 630,885 | $154.0M | Add +12.8% |
| AMD Advanced Micro Devices | 0.31% | 1,462,823 | $150.3M | Reduce -5.4% |
| DLR Digital Realty Trust Inc. | 0.31% | 1,047,922 | $150.2M | Add +2.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.30% | 306,461 | $148.6M | Reduce -9.7% |
| DE Deere & Co. | 0.30% | 315,057 | $147.9M | Reduce -10.4% |
| AMAT Applied Materials Inc. | 0.30% | 1,013,506 | $147.1M | Add +3.3% |
| SPOT Spotify Technology SA | 0.30% | 261,997 | $144.1M | Add +111.8% |
| LOW Lowe's Cos Inc. | 0.30% | 617,790 | $144.1M | Reduce -4.1% |
| PM Philip Morris International | 0.29% | 905,434 | $143.7M | Reduce -2.6% |
| TMUS T-Mobile US Inc. | 0.29% | 530,084 | $141.4M | Reduce -0.5% |
| PGR Progressive Corp. | 0.29% | 496,724 | $140.6M | Add +0.5% |
| CMCSA Comcast Corp. Class A | 0.29% | 3,808,559 | $140.5M | Add +2.7% |
| MS Morgan Stanley | 0.29% | 1,203,945 | $140.5M | Add +17.0% |
| VZ Verizon Communications Inc. | 0.28% | 3,037,409 | $137.8M | Reduce -5.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 1,130,508 | $137.7M | Reduce -0.1% |
| MNST Monster Beverage Corp. | 0.28% | 2,327,483 | $136.2M | Add +10.3% |
| ELV Elevance Health Inc. | 0.28% | 310,347 | $135.0M | Reduce -0.6% |
| GILD Gilead Sciences Inc. | 0.28% | 1,197,645 | $134.2M | Add +6.0% |
| SHW The Sherwin-Williams Co. | 0.27% | 379,765 | $132.6M | Add +24.9% |
| BSX Boston Scientific Corp. | 0.27% | 1,307,692 | $131.9M | Reduce -12.7% |
| ADSK Autodesk Inc. | 0.27% | 496,675 | $130.0M | Reduce -1.0% |
| TT Trane Technologies PLC | 0.27% | 385,511 | $129.9M | Reduce -3.3% |
| ETN Eaton Corp. PLC | 0.26% | 466,163 | $126.7M | Add +6.6% |
| NEE Nextera Energy Inc. | 0.26% | 1,784,465 | $126.5M | Add +3.1% |
| LRCX Lam Research Corp. | 0.26% | 1,731,497 | $125.9M | Add +25.4% |
| T AT&T Inc. | 0.26% | 4,433,269 | $125.4M | Reduce -2.1% |
| BKR Baker Hughes Co. | 0.25% | 2,778,382 | $122.1M | Reduce -11.3% |
| SNPS Synopsys Inc. | 0.25% | 279,148 | $119.7M | Add +30.0% |
| UNP Union Pacific Corp. | 0.24% | 501,560 | $118.5M | Reduce -10.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.24% | 335,339 | $115.8M | Add +7.2% |
| MSI Motorola Solutions Inc. | 0.23% | 260,622 | $114.1M | Add +4.9% |
| GS Goldman Sachs Group Inc. | 0.23% | 208,485 | $113.9M | Add +5.3% |
| CMG Chipotle Mexican Grill Inc. | 0.23% | 2,243,400 | $112.6M | Add +74.0% |
| PYPL PayPal Holdings Inc. | 0.23% | 1,698,959 | $110.9M | Add +3.5% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 553,055 | $110.7M | Reduce -0.6% |
| PFE Pfizer Inc. | 0.22% | 4,221,825 | $107.0M | Add +2.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.22% | 133 | $106.2M | New |
| AMT American Tower Corp. | 0.21% | 480,870 | $104.6M | Reduce -0.2% |
| NKE Nike Inc. Class B | 0.21% | 1,621,211 | $102.9M | Reduce -3.0% |
| MDLZ Mondelez International Inc. Class A | 0.21% | 1,495,075 | $101.4M | Reduce -14.2% |
| EW Edwards Lifesciences Corp. | 0.21% | 1,395,100 | $101.1M | Add +11.5% |
Options reported separately and not counted above: YUM BRANDS INC puts ($28.3M), AT&T INC calls ($2.9M), PROGRESSIVE CORP calls ($2.6M), BERKSHIRE HATHAWAY INC DEL calls ($2.6M), COCA COLA CO calls ($2.5M), ABBOTT LABS calls ($2.5M), ABBVIE INC calls ($2.5M), JOHNSON & JOHNSON calls ($2.5M), UBER TECHNOLOGIES INC calls ($2.4M), VISA INC calls ($2.4M), INTERNATIONAL BUSINESS MACHS calls ($2.4M), ELI LILLY & CO calls ($2.4M), and 25 more.
Other holdings (128): bonds, preferreds, convertibles and warrants · $1.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 122,351,000 | $115.6M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 108,473,000 | $103.4M | Add +36.9% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 90,469,000 | $102.3M | Reduce -1.7% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 69,990,000 | $85.3M | Reduce -5.4% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 74,312,000 | $77.0M | Add +2.1% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 59,647,000 | $67.0M | Add +2.0% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 61,554,000 | $65.4M | Add +30.0% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 51,369,000 | $56.7M | Reduce -7.2% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 45,249,000 | $45.1M | Reduce -17.1% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 33,257,000 | $38.5M | New |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 31,215,000 | $31.3M | Reduce -0.6% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 12,662,000 | $31.1M | Reduce -9.4% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 23,985,000 | $25.8M | Add +7.2% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 16,989,000 | $22.1M | New |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 16,502,000 | $20.1M | Reduce -25.4% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 16,862,000 | $19.5M | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 14,678,000 | $18.8M | New |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 18,313,000 | $17.8M | New |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 14,750,000 | $13.4M | Add +3.5% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 10,670,000 | $12.7M | New |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | 9,986,000 | $12.7M | New |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 9,794,000 | $11.6M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 7,442,000 | $10.6M | New |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 7,641,000 | $10.1M | New |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 9,458,000 | $9.5M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 7,707,000 | $9.5M | New |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | 8,125,000 | $8.6M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 8,729,000 | $8.5M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 7,857,000 | $8.1M | New |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 8,900,000 | $7.1M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 7,320,000 | $7.0M | New |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 6,415,000 | $6.7M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 6,815,000 | $6.7M | New |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 7,079,000 | $6.3M | New |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 1,838,000 | $6.3M | Reduce -61.3% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 5,350,000 | $5.6M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 6,283,000 | $5.4M | New |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | 3,741,000 | $5.4M | New |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 4,125,000 | $5.0M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 4,501,000 | $4.8M | Add +109.5% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 3,346,000 | $4.7M | New |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 3,700,000 | $4.0M | New |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 5,300,000 | $3.9M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 2,902,000 | $3.9M | New |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 4,368,000 | $3.7M | New |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 4,170,000 | $3.7M | New |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 3,776,000 | $3.5M | New |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 3,078,000 | $3.3M | New |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 3,374,000 | $3.3M | Reduce -20.9% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 2,440,000 | $3.2M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 3,118,000 | $3.2M | New |
| SEMTECH CORP (SMTC 1.625 11/01/27) | NOTE 1.625%11/0 · principal | 2,500,000 | $3.1M | New |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 3,000,000 | $3.1M | New |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 1,307,000 | $3.1M | New |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | 2,747,000 | $2.9M | New |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 2,000,000 | $2.8M | New |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 2,450,105 | $2.8M | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 2,900,000 | $2.7M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 3,100,000 | $2.6M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 2,500,000 | $2.4M | New |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 2,500,000 | $2.4M | New |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 2,152,000 | $2.4M | New |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 2,200,000 | $2.4M | New |
| LIVONGO HEALTH (TDOC 0.875 06/01/25) | NOTE 0.875% 6/0 · principal | 2,370,000 | $2.4M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 2,500,000 | $2.3M | New |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 2,192,000 | $2.3M | New |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 2,336,000 | $2.2M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 2,172,000 | $2.0M | New |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 1,923,000 | $1.9M | New |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 2,000,000 | $1.9M | New |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | 1,750,000 | $1.7M | New |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 36,316 | $1.7M | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 1,500,000 | $1.7M | New |
| CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) | NOTE 3.875% 9/1 · principal | 1,500,000 | $1.6M | New |
| HUBSPOT INC (HUBS 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 802,000 | $1.6M | New |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 1,683,000 | $1.6M | New |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 1,596,000 | $1.6M | New |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 1,466,000 | $1.5M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | 1,291,000 | $1.5M | New |
| BOFA FINANCE LLC (BAC 0.6 05/25/27 MTN) | MTNF 0.600% 5/2 · principal | 1,415,000 | $1.4M | New |
| STRATEGY INC (MSTR 0.625 03/15/30) | NOTE 0.625% 3/1 · principal | 687,000 | $1.4M | New |
| INSMED INC (INSM 0.75 06/01/28) | NOTE 0.750% 6/0 · principal | 565,000 | $1.3M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 1,480,000 | $1.3M | No change |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 1,250,000 | $1.2M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 1,322,000 | $1.2M | New |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 850,000 | $1.1M | New |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 1,070,000 | $1.1M | Add +78.3% |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 1,156,000 | $1.0M | Add +29.9% |
| TANDEM DIABETES CARE INC (TNDM 1.5 05/01/25) | NOTE 1.500% 5/0 · principal | 1,000,000 | $1.0M | New |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 1,000,000 | $975K | New |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 1,000,000 | $936K | New |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 1,000,000 | $935K | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 1,050,000 | $932K | New |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 867,000 | $904K | No change |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | NOTE 0.500% 6/0 · principal | 800,000 | $784K | New |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 750,000 | $727K | New |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 750,000 | $725K | New |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 437,000 | $723K | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 800,000 | $712K | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 700,000 | $675K | New |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 700,000 | $665K | New |
| JAMF HOLDING CORP (JAMF 0.125 09/01/26) | NOTE 0.125% 9/0 · principal | 700,000 | $660K | New |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 500,000 | $576K | New |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 600,000 | $575K | New |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 600,000 | $542K | New |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 450,000 | $520K | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 500,000 | $513K | New |
| FIVE9 INC (FIVN 0.5 06/01/25) | NOTE 0.500% 6/0 · principal | 500,000 | $497K | New |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 500,000 | $486K | New |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 500,000 | $479K | New |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 500,000 | $479K | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 500,000 | $475K | New |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 500,000 | $471K | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 500,000 | $456K | New |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 400,000 | $439K | New |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 400,000 | $436K | New |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 400,000 | $412K | New |
| SABRE GLBL INC (SABHLD 7.32 08/01/26) | NOTE 7.320% 8/0 · principal | 328,000 | $353K | New |
| BRAEMAR HOTELS & RESORTS (BHR 4.5 06/01/26) | NOTE 4.500% 6/0 · principal | 350,000 | $335K | New |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 500,000 | $293K | New |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 300,000 | $254K | New |
| STRATEGY INC (MSTR 0.875 03/15/31) | NOTE 0.875% 3/1 · principal | 150,000 | $213K | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 75,000 | $202K | New |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 160,000 | $165K | New |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 150,000 | $148K | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 100,000 | $120K | New |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 50,000 | $88K | New |
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | 200,000 | $49K | New |
Total filed on the 13F, all lines: $50.0B.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -1.2% | 4.89% | −1.12 |
| MSFT Microsoft Corp. | Reduce -0.8% | 5.51% | −0.61 |
| TSLA Tesla Inc. | Reduce -1.7% | 1.05% | −0.58 |
| AMZN Amazon.com Inc. | Reduce -2.8% | 3.53% | −0.58 |
| AAPL Apple Inc. | Reduce -0.8% | 4.88% | −0.56 |
| AVGO Broadcom Inc. | Reduce -2.3% | 1.26% | −0.49 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 1.32% | −0.26 |
| ADBE Adobe Inc. | Reduce -14.6% | 0.55% | −0.18 |
| WDAY Workday Inc. Class A | Reduce -50.2% | 0.11% | −0.13 |
| MRVL Marvell Technology Inc. | Reduce -26.1% | 0.09% | −0.12 |
| DHR Danaher Corp. | Reduce -12.4% | 0.39% | −0.10 |
| BLK BlackRock Inc. | Reduce -9.8% | 0.39% | −0.07 |
| AMD Advanced Micro Devices | Reduce -5.4% | 0.31% | −0.07 |
| VLO Valero Energy Corp. | Reduce -39.9% | 0.13% | −0.07 |
| QGEN Qiagen N.V. | Reduce -24.3% | 0.13% | −0.06 |
| ADI Analog Devices Inc. | Reduce -20.6% | 0.20% | −0.06 |
| ACN Accenture PLC Class A | Reduce -2.4% | 0.40% | −0.05 |
| REGN Regeneron Pharmaceuticals | Reduce -11.9% | 0.20% | −0.05 |
| MTD Mettler-Toledo International | Reduce -55.5% | 0.04% | −0.05 |
| CSX CSX Corp. | Reduce -15.4% | 0.19% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -10.0% | 0.35% | −0.05 |
| NKE Nike Inc. Class B | Reduce -3.0% | 0.21% | −0.04 |
| CB Chubb Ltd. | Reduce -28.0% | 0.18% | −0.04 |
| STLA Stellantis NV | Reduce -10.4% | 0.15% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -2.1% | 2.30% | −0.04 |
| SPG Simon Property Group Inc. | Reduce -18.9% | 0.15% | −0.04 |
| VRT Vertiv Holdings Co. Class A | Reduce -21.1% | 0.04% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -15.5% | 0.06% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -22.3% | 0.16% | −0.04 |
| ALAB Astera Labs Inc. | Reduce -88.7% | 0.00% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -8.6% | 1.10% | −0.03 |
| HD Home Depot Inc. | Reduce -2.2% | 0.52% | −0.03 |
| CDNS Cadence Design SYS Inc. | Reduce -9.3% | 0.12% | −0.03 |
| CAT Caterpillar Inc. | Reduce -7.8% | 0.19% | −0.03 |
| ADSK Autodesk Inc. | Reduce -1.0% | 0.27% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -0.8% | 0.48% | −0.03 |
| SW Smurfit Westrock PLC | Reduce -6.8% | 0.12% | −0.03 |
| OC Owens Corning | Reduce -52.4% | 0.02% | −0.03 |
| TT Trane Technologies PLC | Reduce -3.3% | 0.27% | −0.03 |
| CEG Constellation Energy | Reduce -19.6% | 0.08% | −0.03 |
| DELL Dell Technologies -C | Reduce -18.3% | 0.05% | −0.03 |
| MCO Moody's Corp. | Reduce -12.8% | 0.18% | −0.03 |
| FSLR First Solar Inc. | Reduce -3.1% | 0.06% | −0.03 |
| EIX Edison International | Reduce -4.9% | 0.06% | −0.03 |
| PWR Quanta Services Inc. | Reduce -23.1% | 0.04% | −0.02 |
| TGT Target Corp. | Reduce -3.4% | 0.08% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -4.1% | 0.30% | −0.02 |
| ILMN Illumina Inc. | Reduce -1.5% | 0.04% | −0.02 |
| FRPT Freshpet Inc. | Reduce -66.4% | 0.01% | −0.02 |
| SMTC Semtech Corp. | Reduce -56.0% | 0.01% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.22% | +0.22 |
| SPOT Spotify Technology SA | Add +111.8% | 0.30% | +0.18 |
| SUI Sun Communities Inc. | New | 0.14% | +0.14 |
| EGP Eastgroup Properties Inc. | New | 0.11% | +0.11 |
| ADC Agree Realty Corp. | New | 0.08% | +0.08 |
| NFLX Netflix Inc. | Add +4.0% | 0.79% | +0.08 |
| MRSH Marsh & McLennan Cos | Add +12.8% | 0.32% | +0.08 |
| EPRT Essential Properties Realty | New | 0.08% | +0.08 |
| LLY Eli Lilly & Co. | Add +0.1% | 0.89% | +0.07 |
| CMG Chipotle Mexican Grill Inc. | Add +74.0% | 0.23% | +0.07 |
| AKR Acadia Realty Trust | New | 0.07% | +0.07 |
| WMT Walmart Inc. | Add +17.3% | 0.52% | +0.07 |
| COLD Americold Realty Trust Inc. | New | 0.07% | +0.07 |
| GILD Gilead Sciences Inc. | Add +6.0% | 0.28% | +0.07 |
| AMH American Homes 4 Rent- A | New | 0.06% | +0.06 |
| SHW The Sherwin-Williams Co. | Add +24.9% | 0.27% | +0.06 |
| AJG Arthur J Gallagher & Co. | Add +7.2% | 0.24% | +0.06 |
| LRCX Lam Research Corp. | Add +25.4% | 0.26% | +0.06 |
| MNST Monster Beverage Corp. | Add +10.3% | 0.28% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +1.8% | 0.80% | +0.06 |
| IDXX Idexx Laboratories Inc. | Add +60.1% | 0.13% | +0.05 |
| ESS Essex Property Trust Inc. | Add +59.0% | 0.12% | +0.05 |
| PGR Progressive Corp. | Add +0.5% | 0.29% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | Add +22.2% | 0.17% | +0.05 |
| RYN Rayonier Inc. | New | 0.05% | +0.05 |
| PAYC Paycom Software Inc. | Add +30.7% | 0.16% | +0.05 |
| CME Cme Group Inc. | Add +19.2% | 0.17% | +0.05 |
| HR Healthcare Realty Trust Inc. | New | 0.05% | +0.05 |
| EXR Extra Space Storage Inc. | Add +28.3% | 0.20% | +0.05 |
| BRKR Bruker Corp. | New | 0.04% | +0.04 |
| HASI Ha Sustainable Infrastructur | New | 0.04% | +0.04 |
| ULTA Ulta Beauty Inc. | Add +45.6% | 0.19% | +0.04 |
| SYK Stryker Corp. | Add +5.9% | 0.35% | +0.04 |
| SNPS Synopsys Inc. | Add +30.0% | 0.25% | +0.04 |
| CVX Chevron Corp. | Add +2.5% | 0.21% | +0.04 |
| CVS CVS Health Corp. | Add +1.4% | 0.10% | +0.04 |
| RBLX Roblox Corp. Class A | New | 0.03% | +0.03 |
| VRSN Verisign Inc. | Add +10.2% | 0.13% | +0.03 |
| ETR Entergy Corp. | Add +64.8% | 0.07% | +0.03 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.59% | +0.03 |
| FERG Ferguson Enterprises Inc. | Add +25.4% | 0.20% | +0.03 |
| QCOM Qualcomm Inc. | Add +5.4% | 0.44% | +0.03 |
| TXRH Texas Roadhouse Inc. | New | 0.03% | +0.03 |
| HWM Howmet Aerospace Inc. | Add +4.9% | 0.14% | +0.03 |
| HCA HCA Healthcare Inc. | Add +18.9% | 0.11% | +0.03 |
| SSNC Ss&c Technologies Holdings | New | 0.03% | +0.03 |
| OUT Outfront Media Inc. | New | 0.03% | +0.03 |
| AWK American Water Works Co. Inc. | Add +14.3% | 0.10% | +0.03 |
| MS Morgan Stanley | Add +17.0% | 0.29% | +0.03 |
| CUBE Cubesmart | New | 0.03% | +0.03 |
Options Activity Q4 2024 → Q1 2025
| TESLA INC | put | Sold out | 240,000 | $96.9Mbefore exit |
| YUM BRANDS INC | put | New | 180,000 | $28.3M |
| MERCADOLIBRE INC | call | Sold out | 14,000 | $23.8Mbefore exit |
| EBAY INC. | call | Sold out | 370,000 | $22.9Mbefore exit |
| AMERICAN AIRLINES GROUP INC | put | Sold out | 1,020,000 | $17.8Mbefore exit |
| DISNEY WALT CO | call | Sold out | 100,000 | $11.1Mbefore exit |
| SHAKE SHACK INC | put | Sold out | 80,000 | $10.4Mbefore exit |
| TELADOC HEALTH INC | call | Sold out | 800,000 | $7.3Mbefore exit |
| AT&T INC | call | New | 103,500 | $2.9M |
| PROGRESSIVE CORP | call | New | 9,100 | $2.6M |
| BERKSHIRE HATHAWAY INC DEL | call | New | 4,800 | $2.6M |
| COCA COLA CO | call | New | 35,600 | $2.5M |
| ABBOTT LABS | call | New | 19,200 | $2.5M |
| ABBVIE INC | call | New | 12,000 | $2.5M |
| JOHNSON & JOHNSON | call | New | 15,100 | $2.5M |
| UBER TECHNOLOGIES INC | call | New | 33,200 | $2.4M |
| VISA INC | call | New | 6,900 | $2.4M |
| INTERNATIONAL BUSINESS MACHS | call | New | 10,500 | $2.4M |
| ELI LILLY & CO | call | New | 2,900 | $2.4M |
| MCDONALDS CORP | call | New | 7,400 | $2.3M |
| MASTERCARD INCORPORATED | call | New | 4,200 | $2.3M |
| PROLOGIS INC. | call | New | 20,500 | $2.3M |
| PROCTER & GAMBLE CO | call | New | 13,400 | $2.3M |
| UNITEDHEALTH GROUP INC | call | New | 4,300 | $2.3M |
| S&P GLOBAL INC | call | New | 4,400 | $2.2M |
| UNION PAC CORP | call | New | 9,400 | $2.2M |
| JPMORGAN CHASE & CO | call | New | 9,000 | $2.2M |
| WELLS FARGO & CO | call | New | 30,400 | $2.2M |
| AMPHENOL CORP | call | New | 33,100 | $2.2M |
| NEXTERA ENERGY INC | call | New | 30,500 | $2.2M |
| CITIGROUP INC | call | New | 30,200 | $2.1M |
| WALMART INC | call | New | 23,800 | $2.1M |
| GOLDMAN SACHS GROUP INC | call | New | 3,800 | $2.1M |
| LOWES COS INC | call | New | 8,800 | $2.1M |
| THERMO FISHER SCIENTIFIC INC | call | New | 4,100 | $2.0M |
| BANK OF AMER CORP | call | New | 48,300 | $2.0M |
| PHILIP MORRIS INTL INC | call | New | 11,600 | $1.8M |
| VERIZON COMMUNICATIONS INC | call | New | 36,100 | $1.6M |
| MARSH & MCLENNAN COS INC | call | New | 6,100 | $1.5M |
| WASTE MGMT INC DEL | call | New | 6,300 | $1.5M |
| FISERV INC | call | New | 6,200 | $1.4M |
| MONOLITHIC PWR SYS INC | call | New | 2,300 | $1.3M |
| CHEVRON CORPORATION | call | New | 6,200 | $1.0M |
| KLA CORP | call | New | 1,400 | $952K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 122,351,000 | $115.6M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +36.9% | 108,473,000 | $103.4M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | Reduce -1.7% | 90,469,000 | $102.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -5.4% | 69,990,000 | $85.3M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +2.1% | 74,312,000 | $77.0M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Add +2.0% | 59,647,000 | $67.0M |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | Add +30.0% | 61,554,000 | $65.4M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -7.2% | 51,369,000 | $56.7M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Reduce -17.1% | 45,249,000 | $45.1M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | New | 33,257,000 | $38.5M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -0.6% | 31,215,000 | $31.3M |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Reduce -9.4% | 12,662,000 | $31.1M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Add +7.2% | 23,985,000 | $25.8M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 16,989,000 | $22.1M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Reduce -25.4% | 16,502,000 | $20.1M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | New | 16,862,000 | $19.5M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | New | 14,678,000 | $18.8M |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | New | 18,313,000 | $17.8M |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | Sold out | 16,141,000 | $16.0Mbefore exit |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | Add +3.5% | 14,750,000 | $13.4M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | New | 10,670,000 | $12.7M |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | New | 9,986,000 | $12.7M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | New | 9,794,000 | $11.6M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | New | 7,442,000 | $10.6M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | New | 7,641,000 | $10.1M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | New | 9,458,000 | $9.5M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | New | 7,707,000 | $9.5M |
| FLUOR CORP (FLR 1.125 08/15/29) | NOTE 1.125% 8/1 · principal | New | 8,125,000 | $8.6M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | New | 8,729,000 | $8.5M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | New | 7,857,000 | $8.1M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | New | 8,900,000 | $7.1M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 7,320,000 | $7.0M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | New | 6,415,000 | $6.7M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 6,815,000 | $6.7M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | New | 7,079,000 | $6.3M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -61.3% | 1,838,000 | $6.3M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | New | 5,350,000 | $5.6M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 6,283,000 | $5.4M |
| FRESHPET INC (FRPT 3 04/01/28) | NOTE 3.000% 4/0 · principal | New | 3,741,000 | $5.4M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | New | 4,125,000 | $5.0M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +109.5% | 4,501,000 | $4.8M |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | New | 3,346,000 | $4.7M |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 3,700,000 | $4.0M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | New | 5,300,000 | $3.9M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | New | 2,902,000 | $3.9M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | New | 4,368,000 | $3.7M |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | New | 4,170,000 | $3.7M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | New | 3,776,000 | $3.5M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | New | 3,078,000 | $3.3M |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Reduce -20.9% | 3,374,000 | $3.3M |
Showing the first 50 of 126.
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 | 1,976 | $64.2B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 1,933 | $57.2B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q4 2025 | 1,911 | $60.5B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025 | 1,895 | $58.9B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q2 2025 | 1,815 | $55.2B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2025 | 1,820 | $48.7B | MSFT, NVDA, AAPL, AMZN, GOOGL |
| Q4 2024 | 977 | $49.7B | MSFT, NVDA, AAPL, AMZN, GOOGL |