US Bancorp \de
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), US Bancorp \de reported 4,104 stock positions worth $74.8 billion. Its top holding was Schwab US Large-Cap ETF (SCHX) at 6.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.6%) and iShares Core U.S. Aggregate (AGG, 4.5%). Compared with Q4 2024, it opened 268 new positions, sold out of 243, added to 1,504 and reduced 1,698. The biggest buy was Vanguard Total Intl Stock (VXUS, shares +113%) and the biggest sale Eli Lilly (LLY, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0000036104
- Portfolio Value
- $74.8B (Q1 2025)
- SEC Filing
- 0000036104-25-000031 ↗ filed May 8, 2025
Holdings Value
Holdings 4,104 stocks · $74.8B
| SCHX Schwab US Large-Cap ETF | 6.41% | 217,201,393 | $4.8B | Add +5.2% |
| IVV iShares Core S&P 500 ETF | 4.58% | 6,104,330 | $3.4B | Add +2.3% |
| AGG iShares Core U.S. Aggregate | 4.50% | 34,065,086 | $3.4B | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 3.45% | 34,147,182 | $2.6B | Add +3.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.33% | 4,449,038 | $2.5B | Reduce -1.0% |
| AAPL Apple Inc. | 3.25% | 10,935,604 | $2.4B | Reduce -1.4% |
| MSFT Microsoft Corp. | 2.82% | 5,631,759 | $2.1B | Reduce -1.9% |
| IWR iShares Russell Mid-Cap ETF | 2.20% | 19,325,451 | $1.6B | Add +2.2% |
| IEMG iShares Core MSCI Emerging | 1.95% | 27,075,059 | $1.5B | Add +5.7% |
| LLY Eli Lilly & Co. | 1.58% | 1,434,093 | $1.2B | Reduce -31.5% |
| AMZN Amazon.com Inc. | 1.47% | 5,764,626 | $1.1B | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 1.26% | 6,117,158 | $946.0M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 1.25% | 3,799,203 | $932.0M | Reduce -1.3% |
| VXUS Vanguard Total Intl Stock | 1.17% | 14,060,858 | $873.2M | Add +112.7% |
| NVDA Nvidia Corp. | 1.15% | 7,908,727 | $857.1M | Add +3.1% |
| VEA Vanguard Ftse Developed ETF | 1.06% | 15,609,085 | $793.4M | Reduce -34.5% |
| IWM iShares Russell 2000 ETF | 1.06% | 3,969,039 | $791.8M | Add +2.7% |
| EFV iShares MSCI Eafe Value ETF | 1.03% | 13,073,926 | $770.6M | Add +2.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.96% | 901 | $719.4M | Reduce -2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.92% | 1,298,184 | $691.4M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.89% | 3,910,882 | $666.5M | Reduce -3.5% |
| SCHH Schwab US REIT ETF | 0.86% | 29,816,470 | $641.4M | Add +4.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.85% | 1,350,809 | $633.4M | Reduce -4.2% |
| EFA iShares MSCI Eafe ETF | 0.82% | 7,504,747 | $613.4M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.81% | 2,217,078 | $609.3M | Add +0.5% |
| MUB iShares National Muni Bond E | 0.77% | 5,464,250 | $576.2M | Reduce -2.0% |
| UNH Unitedhealth Group Inc. | 0.77% | 1,094,757 | $573.4M | Reduce -2.2% |
| MDY State Street SPDR S&P Midcap | 0.74% | 1,035,651 | $552.5M | Reduce -1.0% |
| IWS iShares Russell Mid-Cap Valu | 0.73% | 4,355,252 | $548.7M | Add +2.5% |
| IJR iShares Core S&P Small-Cap E | 0.72% | 5,156,813 | $539.2M | Add +0.1% |
| WMT Walmart Inc. | 0.71% | 6,050,442 | $531.2M | Reduce -3.0% |
| META Meta Platforms Inc. Class A | 0.70% | 909,132 | $524.0M | Add +3.1% |
| ABBV Abbvie Inc. | 0.69% | 2,470,175 | $517.6M | Reduce -1.5% |
| HD Home Depot Inc. | 0.68% | 1,398,180 | $512.4M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.67% | 532,399 | $503.6M | Reduce -2.2% |
| MA Mastercard Inc. Class A | 0.66% | 898,800 | $492.7M | Reduce -1.6% |
| IXUS iShares Core Intl Stock ETF | 0.66% | 7,038,453 | $491.4M | Add +11.0% |
| VNQ Vanguard Real Estate ETF | 0.61% | 5,041,643 | $456.5M | Reduce -11.0% |
| JNJ Johnson & Johnson | 0.58% | 2,603,857 | $431.8M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 0.57% | 3,572,628 | $424.9M | Reduce -1.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.53% | 7,480,533 | $392.9M | Add +1.5% |
| ABT Abbott Laboratories | 0.52% | 2,920,157 | $387.4M | Reduce -1.6% |
| IWF iShares Russell 1000 Growth | 0.51% | 1,059,634 | $382.6M | Add +0.6% |
| CVX Chevron Corp. | 0.50% | 2,222,280 | $371.8M | Add +0.6% |
| V Visa Inc. Class A | 0.47% | 1,011,715 | $354.6M | Reduce -2.3% |
| PCAR Paccar Inc. | 0.47% | 3,623,070 | $352.8M | Reduce -0.1% |
| ACN Accenture PLC Class A | 0.46% | 1,107,120 | $345.5M | Add +0.2% |
| MMM 3M Co. | 0.45% | 2,287,818 | $336.0M | Reduce -2.2% |
| VWO Vanguard Ftse Emerging Marke | 0.45% | 7,374,574 | $333.8M | Add +1.0% |
| USB US Bancorp | 0.43% | 7,605,079 | $321.1M | Reduce -2.5% |
| GOOG Alphabet Inc. Class C | 0.42% | 2,028,911 | $317.0M | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 7,419,760 | $309.6M | Add +1.8% |
| KO The Coca-Cola Co. | 0.41% | 4,322,870 | $309.6M | Reduce -1.8% |
| VT Vanguard Tot World STK ETF | 0.41% | 2,653,827 | $307.7M | Add +11.2% |
| MCD McDonald's Corp. | 0.41% | 982,337 | $306.9M | Reduce -3.2% |
| IJH iShares Core S&P Midcap ETF | 0.40% | 5,098,891 | $297.5M | Add +3.8% |
| XLK SS Technology Select Sector | 0.39% | 1,420,618 | $293.3M | Reduce -1.2% |
| SCHF Schwab Intl Equity ETF | 0.38% | 14,518,942 | $287.2M | Reduce -4.5% |
| MPC Marathon Petroleum Corp. | 0.36% | 1,871,971 | $272.7M | Reduce -2.1% |
| PEP Pepsico Inc. | 0.36% | 1,792,716 | $268.8M | Reduce -4.5% |
| ECL Ecolab Inc. | 0.35% | 1,040,872 | $263.9M | Reduce -2.7% |
| VOO Vanguard S&P 500 ETF | 0.33% | 482,425 | $247.9M | Reduce -0.7% |
| PANW Palo Alto Networks Inc. | 0.33% | 1,429,519 | $243.9M | Add +7.6% |
| CSCO Cisco Systems Inc. | 0.33% | 3,946,235 | $243.5M | Reduce -1.9% |
| ORCL Oracle Corp. | 0.31% | 1,667,774 | $233.2M | Add +6.2% |
| AMT American Tower Corp. | 0.31% | 1,060,877 | $230.8M | Reduce -3.2% |
| AMGN Amgen Inc. | 0.30% | 731,073 | $227.8M | Reduce -0.9% |
| EMR Emerson Electric Co. | 0.30% | 2,075,963 | $227.6M | Reduce -7.3% |
| GLD SPDR Gold Shares | 0.29% | 765,057 | $220.4M | Add +10.1% |
| NEE Nextera Energy Inc. | 0.28% | 2,960,952 | $209.9M | Reduce -3.4% |
| AVGO Broadcom Inc. | 0.27% | 1,222,848 | $204.7M | Add +2.0% |
| BLK BlackRock Inc. | 0.27% | 215,556 | $204.0M | Add +1.2% |
| QCOM Qualcomm Inc. | 0.27% | 1,294,329 | $198.8M | Reduce -1.5% |
| VXF Vanguard Extended Market ETF | 0.26% | 1,136,682 | $195.8M | Reduce -1.1% |
| SCHW Schwab (charles) Corp. | 0.26% | 2,479,809 | $194.1M | Add +1.8% |
| UNP Union Pacific Corp. | 0.26% | 812,208 | $191.9M | Reduce -1.8% |
| HON Honeywell International Inc. | 0.25% | 881,565 | $186.7M | Reduce -2.9% |
| IWB iShares Russell 1000 ETF | 0.25% | 605,556 | $185.7M | Add +6.2% |
| CB Chubb Ltd. | 0.25% | 615,064 | $185.7M | Reduce -2.8% |
| IWP iShares Russell Mid-Cap Grow | 0.25% | 1,561,171 | $183.4M | Add +5.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.24% | 3,565,817 | $176.9M | Reduce -0.5% |
| TGT Target Corp. | 0.23% | 1,685,446 | $175.9M | Reduce -12.4% |
| CAT Caterpillar Inc. | 0.23% | 530,597 | $175.0M | Reduce -3.3% |
| ADP Automatic Data Processing | 0.23% | 561,718 | $171.6M | Reduce -1.4% |
| USRT iShares Core US REIT ETF | 0.22% | 2,916,203 | $168.0M | Add +5.1% |
| WFC Wells Fargo & Co. | 0.22% | 2,308,710 | $165.7M | Reduce -1.6% |
| MRK Merck & Co. Inc. | 0.22% | 1,817,474 | $163.1M | Reduce -5.0% |
| IWD iShares Russell 1000 Value E | 0.21% | 848,496 | $159.7M | Reduce -1.2% |
| NOW ServiceNow Inc. | 0.21% | 198,694 | $158.2M | Add +5.3% |
| LIN Linde PLC | 0.21% | 335,578 | $156.3M | Add +8.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.21% | 892,175 | $154.1M | Reduce -2.5% |
| TXN Texas Instruments Inc. | 0.20% | 850,550 | $152.8M | Reduce -5.8% |
| EFG iShares MSCI Eafe Growth ETF | 0.20% | 1,516,998 | $151.7M | Reduce -7.6% |
| DVY iShares Select Dividend ETF | 0.20% | 1,122,887 | $150.8M | Reduce -0.2% |
| IVW iShares S&P 500 Growth ETF | 0.20% | 1,602,454 | $148.8M | Reduce -3.4% |
| TLT iShares 20+ Year Treasury BD | 0.19% | 1,601,213 | $145.8M | Reduce -5.7% |
| EEM iShares MSCI Emerging Market | 0.19% | 3,268,410 | $142.8M | Reduce -0.3% |
| TRV The Travelers Cos Inc. | 0.19% | 532,173 | $140.7M | Reduce -2.0% |
| TDG Transdigm Group Inc. | 0.18% | 99,262 | $137.3M | Add +1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.18% | 546,215 | $135.8M | Reduce -2.1% |
Options reported separately and not counted above: LLY puts ($9.1M), SPY puts ($741K), SPY calls ($101K), QQQ calls ($85K), EMR puts ($63K), MSFT puts ($58K), TSLA calls ($55K), LOW puts ($46K), MMM puts ($45K), AAPL puts ($30K), JNJ puts ($28K), JPM puts ($17K), and 6 more.
Other holdings (62): bonds, preferreds, convertibles and warrants · $2.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 810 | $973K | Reduce -5.5% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 772 | $953K | Reduce -18.0% |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 2,076 | $57K | Add +1.4% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 16,000 | $39K | No change |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 22,000 | $22K | Reduce -65.1% |
| 8X8 INC (EGHT 4 02/01/28) | NOTE 4.000% 2/0 · principal | 25,000 | $21K | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 518 | $18K | Add +3.6% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 380 | $18K | New |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 8,000 | $7K | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 96 | $7K | Add +12.9% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 3,000 | $7K | No change |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 5,000 | $7K | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 7,000 | $7K | Reduce -92.2% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 5,000 | $6K | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 5,000 | $6K | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 6,000 | $6K | Reduce -91.2% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 6,000 | $6K | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 4,000 | $6K | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 4,000 | $6K | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 4,000 | $5K | No change |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 5,000 | $5K | No change |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 4,000 | $5K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 5,000 | $5K | No change |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 5,000 | $5K | No change |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | 5,000 | $5K | Reduce -91.2% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 5,000 | $5K | Reduce -91.2% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 5,000 | $5K | Reduce -91.9% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 5,000 | $5K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 5,000 | $5K | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 5,000 | $5K | No change |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 5,000 | $5K | Reduce -91.1% |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 5,000 | $5K | New |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 5,000 | $5K | Reduce -91.2% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 4,000 | $5K | No change |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 4,000 | $5K | No change |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 4,000 | $4K | No change |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 5,000 | $4K | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 5,000 | $4K | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 4,000 | $4K | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 65 | $4K | New |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 4,000 | $4K | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 4,000 | $4K | Reduce -91.3% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 2,000 | $3K | No change |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 1,323 | $3K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 3,000 | $3K | Reduce -93.3% |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 4,000 | $3K | No change |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 3,000 | $3K | New |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 3,000 | $3K | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 2,000 | $2K | No change |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 25 | $2K | New |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 2,000 | $2K | No change |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 2,000 | $2K | No change |
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 35,000 | $2K | No change |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 32 | $2K | New |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 62 | $1K | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,000 | $1K | No change |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 17 | $931 | Reduce -63.0% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 34 | $830 | New |
| EXEEL Chesapeake Energy Corp. -CW26 | *W EXP 02/09/202 | 4 | $403 | No change |
| CVE.WS Cenovus Energy Inc. -CW26 | *W EXP 01/01/202 | 33 | $314 | No change |
| BFRIW Biofrontera Inc. -CW26 | *W EXP 10/27/202 | 1,000 | $61 | No change |
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | 1 | $5 | No change |
Total filed on the 13F, all lines: $74.8B.
Portfolio Sells Q4 2024 → Q1 2025
| LLY Eli Lilly & Co. | Reduce -31.5% | 1.58% | −0.53 |
| VEA Vanguard Ftse Developed ETF | Reduce -34.5% | 1.06% | −0.43 |
| AAPL Apple Inc. | Reduce -1.4% | 3.25% | −0.39 |
| MSFT Microsoft Corp. | Reduce -1.9% | 2.82% | −0.34 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 1.26% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 1.47% | −0.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 3.33% | −0.12 |
| TGT Target Corp. | Reduce -12.4% | 0.23% | −0.11 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.2% | 0.85% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 0.42% | −0.09 |
| USB US Bancorp | Reduce -2.5% | 0.43% | −0.06 |
| EMR Emerson Electric Co. | Reduce -7.3% | 0.30% | −0.06 |
| CRM Salesforce Inc. | Reduce -11.6% | 0.15% | −0.06 |
| VNQ Vanguard Real Estate ETF | Reduce -11.0% | 0.61% | −0.05 |
| XLK SS Technology Select Sector | Reduce -1.2% | 0.39% | −0.05 |
| MDY State Street SPDR S&P Midcap | Reduce -1.0% | 0.74% | −0.04 |
| CNC Centene Corp. | Reduce -47.8% | 0.05% | −0.04 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -80.2% | 0.01% | −0.03 |
| ALB Albemarle Corp. | Reduce -48.5% | 0.02% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -5.0% | 0.22% | −0.03 |
| HD Home Depot Inc. | Reduce -0.3% | 0.68% | −0.03 |
| WMT Walmart Inc. | Reduce -3.0% | 0.71% | −0.03 |
| UPS United Parcel Service Class B | Reduce -13.5% | 0.09% | −0.03 |
| CAT Caterpillar Inc. | Reduce -3.3% | 0.23% | −0.03 |
| DIS The Walt Disney Co. | Reduce -7.3% | 0.13% | −0.03 |
| VXF Vanguard Extended Market ETF | Reduce -1.1% | 0.26% | −0.02 |
| PFE Pfizer Inc. | Reduce -9.8% | 0.18% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -8.9% | 0.08% | −0.02 |
| PCAR Paccar Inc. | Reduce -0.1% | 0.47% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -3.4% | 0.20% | −0.02 |
| CME Cme Group Inc. | Reduce -29.3% | 0.09% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -4.2% | 0.15% | −0.02 |
| GVI iShares Intermediate Governm | Reduce -28.7% | 0.06% | −0.02 |
| HON Honeywell International Inc. | Reduce -2.9% | 0.25% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -34.8% | 0.02% | −0.02 |
| NKE Nike Inc. Class B | Reduce -6.4% | 0.07% | −0.02 |
| EW Edwards Lifesciences Corp. | Reduce -28.8% | 0.04% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -5.8% | 0.20% | −0.02 |
| ECG Everus Construction Group | Reduce -0.9% | 0.02% | −0.02 |
| PEP Pepsico Inc. | Reduce -4.5% | 0.36% | −0.01 |
| ZG Zillow Group Inc. Class A | Reduce -57.1% | 0.01% | −0.01 |
| AMAT Applied Materials Inc. | Reduce -0.5% | 0.12% | −0.01 |
| XLY SS Consumer Disc Select Sect | Reduce -3.9% | 0.08% | −0.01 |
| MRVL Marvell Technology Inc. | Reduce -11.2% | 0.01% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -0.7% | 0.33% | −0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -14.6% | 0.05% | −0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -7.7% | 0.06% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -5.0% | 0.09% | −0.01 |
| GIS General Mills Inc. | Reduce -2.1% | 0.15% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -1.1% | 0.14% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VXUS Vanguard Total Intl Stock | Add +112.7% | 1.17% | +0.66 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.7% | 3.45% | +0.42 |
| IEMG iShares Core MSCI Emerging | Add +5.7% | 1.95% | +0.20 |
| AGG iShares Core U.S. Aggregate | Add +0.1% | 4.50% | +0.18 |
| EFV iShares MSCI Eafe Value ETF | Add +2.1% | 1.03% | +0.15 |
| SCHX Schwab US Large-Cap ETF | Add +5.2% | 6.41% | +0.14 |
| IXUS iShares Core Intl Stock ETF | Add +11.0% | 0.66% | +0.11 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +311.1% | 0.13% | +0.10 |
| CVX Chevron Corp. | Add +0.6% | 0.50% | +0.08 |
| GLD SPDR Gold Shares | Add +10.1% | 0.29% | +0.07 |
| SCHH Schwab US REIT ETF | Add +4.8% | 0.86% | +0.07 |
| UBER Uber Technologies Inc. | Add +23.1% | 0.15% | +0.05 |
| QQQM Invesco Nasdaq 100 ETF | Add +202.1% | 0.07% | +0.05 |
| VT Vanguard Tot World STK ETF | Add +11.2% | 0.41% | +0.04 |
| MU Micron Technology Inc. | Add +52.7% | 0.10% | +0.04 |
| LIN Linde PLC | Add +8.4% | 0.21% | +0.04 |
| MELI MercadoLibre Inc. | Add +36.8% | 0.08% | +0.03 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +1.5% | 0.53% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +1.0% | 0.45% | +0.03 |
| META Meta Platforms Inc. Class A | Add +3.1% | 0.70% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +1.8% | 0.26% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +29.8% | 0.09% | +0.02 |
| TLN Talen Energy Corp. | Add +263416.1% | 0.02% | +0.02 |
| TDG Transdigm Group Inc. | Add +1.6% | 0.18% | +0.02 |
| GWW WW Grainger Inc. | Add +32.0% | 0.10% | +0.02 |
| TLH iShares 10-20 Year Treasury | Add +23.2% | 0.08% | +0.02 |
| XYZ Block Inc. | Add +511.1% | 0.03% | +0.02 |
| GLDM SPDR Gold Minishares Trust | Add +56.6% | 0.04% | +0.02 |
| TJX TJX Companies Inc. | Add +19.1% | 0.10% | +0.02 |
| SNPS Synopsys Inc. | Add +54.5% | 0.06% | +0.02 |
| AMLP Alerian MLP ETF | Add +62.7% | 0.04% | +0.02 |
| USRT iShares Core US REIT ETF | Add +5.1% | 0.22% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | Add +29.4% | 0.05% | +0.02 |
| EXAS Exact Sciences Corp. | Add +202.1% | 0.02% | +0.01 |
| SLB SLB Ltd. | Add +3.6% | 0.10% | +0.01 |
| CARR Carrier Global Corp. | Add +53.2% | 0.04% | +0.01 |
| IWS iShares Russell Mid-Cap Valu | Add +2.5% | 0.73% | +0.01 |
| IGF iShares Global Infrastructur | Add +4.0% | 0.13% | +0.01 |
| CTRA Coterra Energy Inc. | Add +4.4% | 0.07% | +0.01 |
| BRO Brown & Brown Inc. | Add +209.0% | 0.02% | +0.01 |
| OEF iShares S&P 100 ETF | Add +77.4% | 0.03% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +3.1% | 0.11% | +0.01 |
| IAU iShares Gold Trust | Add +17.9% | 0.03% | +0.01 |
| SPHY SS SPDR P High Yield ETF | Add +4.8% | 0.16% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +7.6% | 0.33% | +0.01 |
| DUK Duke Energy Corp. | Add +0.8% | 0.06% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +2.2% | 2.20% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +13.8% | 0.05% | +0.01 |
| SE Sea Ltd.-ADR | Add +15.4% | 0.03% | +0.01 |
| TMUS T-Mobile US Inc. | Add +0.8% | 0.04% | +0.01 |
Options Activity Q4 2024 → Q1 2025
| LLY Eli Lilly & Co. | put | Add +17857.1% | 2,514 | $9.1M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +129.9% | 508 | $741K |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 40 | $101K |
| QQQ Invesco QQQ Trust Series 1 | call | New | 30 | $85K |
| MMM 3M Co. | put | Reduce -9.5% | 201 | $45K |
| JPM JPMorgan Chase & Co. | put | Add +40.0% | 35 | $17K |
| IBIT iShares Bitcoin Trust ETF | call | New | 10 | $8K |
| BOX Box Inc. Class A | put | Sold out | 50 | $500before exit |
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
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -5.5% | 810 | $973K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -18.0% | 772 | $953K |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | Sold out | 82,000 | $68Kbefore exit |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 51,000 | $59Kbefore exit |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +1.4% | 2,076 | $57K |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | Sold out | 41,000 | $53Kbefore exit |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 55,000 | $53Kbefore exit |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | Sold out | 52,000 | $51Kbefore exit |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | Sold out | 51,000 | $50Kbefore exit |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -65.1% | 22,000 | $22K |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | Sold out | 20,000 | $19Kbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +3.6% | 518 | $18K |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 380 | $18K |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | Sold out | 15,000 | $15Kbefore exit |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Sold out | 287 | $11Kbefore exit |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | Sold out | 5,000 | $10Kbefore exit |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Sold out | 9,000 | $9Kbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | Sold out | 9,000 | $9Kbefore exit |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | New | 8,000 | $7K |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +12.9% | 96 | $7K |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Reduce -92.2% | 7,000 | $7K |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Sold out | 5,000 | $7Kbefore exit |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Reduce -91.2% | 6,000 | $6K |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | Sold out | 4,000 | $6Kbefore exit |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Reduce -91.2% | 5,000 | $5K |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Reduce -91.2% | 5,000 | $5K |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | Reduce -91.9% | 5,000 | $5K |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -91.1% | 5,000 | $5K |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | New | 5,000 | $5K |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Reduce -91.2% | 5,000 | $5K |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | New | 5,000 | $4K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 65 | $4K |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | Reduce -91.3% | 4,000 | $4K |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Reduce -93.3% | 3,000 | $3K |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | New | 3,000 | $3K |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | New | 25 | $2K |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 32 | $2K |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | New | 62 | $1K |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -63.0% | 17 | $931 |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | New | 34 | $830 |
| AP.WS Ampco-Pittsburgh Corp. -CW25 | *W EXP 08/01/202 | Sold out | 4,200 | $378before exit |
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 | 4,104 | $91.6B | SCHX, IVV, AGG, IEFA, SPY |
| Q1 2026 | 4,112 | $82.4B | AGG, IVV, SCHX, IEFA, SPY |
| Q4 2025 | 3,976 | $85.3B | SCHX, AGG, IVV, IEFA, SPY |
| Q3 2025 | 3,939 | $84.4B | SCHX, AGG, IVV, IEFA, SPY |
| Q2 2025 | 4,094 | $79.4B | SCHX, AGG, IVV, IEFA, MSFT |
| Q1 2025 | 4,104 | $74.8B | SCHX, IVV, AGG, IEFA, SPY |
| Q4 2024 | 4,077 | $76.4B | SCHX, IVV, AGG, AAPL, SPY |
| Q3 2024 | 3,978 | $77.9B | VTI, AGG, IVV, AAPL, SPY |
| Q2 2024 | 3,895 | $73.4B | VTI, IVV, AGG, MSFT, SPY |
| Q1 2024 | 3,889 | $71.7B | VTI, IVV, AGG, MSFT, SPY |