Victory Capital Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 3, 2024), Victory Capital Management Inc. reported 2,434 stock positions worth $100.7 billion. Its top holding was Microsoft (MSFT) at 2.5% of the portfolio, followed by Nvidia (NVDA, 1.9%) and Apple (AAPL, 1.9%). Compared with Q4 2023, it opened 88 new positions, sold out of 154, added to 1,112 and reduced 1,180. The biggest buy was Target (TGT, shares +449%) and the biggest sale Apple (AAPL, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001040188
- Portfolio Value
- $100.7B (Q1 2024)
- SEC Filing
- 0001040188-24-000040 ↗ filed May 3, 2024
Holdings Value
Holdings 2,434 stocks · $100.7B
| MSFT Microsoft Corp. | 2.48% | 5,939,213 | $2.5B | Reduce -1.1% |
| NVDA Nvidia Corp. | 1.92% | 2,137,846 | $1.9B | Reduce -2.7% |
| AAPL Apple Inc. | 1.89% | 11,094,310 | $1.9B | Reduce -5.8% |
| AMZN Amazon.com Inc. | 1.26% | 7,036,991 | $1.3B | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 1.14% | 2,360,624 | $1.1B | Add +0.3% |
| UITB Victoryshares Core Intermedi | 0.90% | 19,492,022 | $904.0M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.87% | 5,753,377 | $876.0M | Add +2.1% |
| AVGO Broadcom Inc. | 0.79% | 596,999 | $791.3M | Reduce -2.5% |
| TGT Target Corp. | 0.68% | 3,876,431 | $686.9M | Add +448.5% |
| GOOGL Alphabet Inc. Class A | 0.60% | 4,024,708 | $607.4M | Add +3.5% |
| JPM JPMorgan Chase & Co. | 0.60% | 3,015,256 | $604.0M | Add +0.4% |
| TXT Textron Inc. | 0.58% | 6,124,554 | $587.5M | Add +1.3% |
| HIG Hartford Insurance Group Inc. | 0.55% | 5,391,360 | $555.6M | Add +2.7% |
| NNN NNN REIT Inc. | 0.55% | 12,954,125 | $553.7M | Add +21.0% |
| AFG American Financial Group Inc. | 0.54% | 4,010,943 | $547.4M | Add +4.5% |
| LDOS Leidos Holdings Inc. | 0.54% | 4,111,528 | $539.0M | Reduce -16.5% |
| PKG Packaging Corp. of America | 0.53% | 2,811,514 | $533.6M | Reduce -4.7% |
| USFD US Foods Holding Corp. | 0.53% | 9,883,245 | $533.4M | Add +7.2% |
| LLY Eli Lilly & Co. | 0.52% | 674,948 | $525.1M | Add +2.3% |
| DGX Quest Diagnostics Inc. | 0.52% | 3,922,331 | $522.1M | Add +12.8% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.52% | 3,922,043 | $521.6M | Reduce -12.7% |
| WTW Willis Towers Watson PLC | 0.52% | 1,892,389 | $520.4M | Add +28.5% |
| LNT Alliant Energy Corp. | 0.52% | 10,322,515 | $520.3M | Add +12.3% |
| DRI Darden Restaurants Inc. | 0.50% | 3,040,578 | $508.2M | Add +33.2% |
| CTRA Coterra Energy Inc. | 0.50% | 18,061,620 | $503.6M | Add +14.2% |
| WLK Westlake Corp. | 0.49% | 3,209,201 | $490.4M | Reduce -1.7% |
| ARE Alexandria Real Estate Equit | 0.49% | 3,802,124 | $490.1M | Add +1.4% |
| BKR Baker Hughes Co. | 0.48% | 14,508,620 | $486.0M | Add +1302.2% |
| LAMR Lamar Advertising Co. Class A | 0.48% | 4,035,635 | $481.9M | Reduce -2.2% |
| DVN Devon Energy Corp. | 0.48% | 9,599,143 | $481.7M | Add +12.4% |
| SWKS Skyworks Solutions Inc. | 0.47% | 4,380,044 | $474.4M | Add +6.2% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.47% | 6,243,242 | $472.3M | Add +21.6% |
| JNJ Johnson & Johnson | 0.47% | 2,963,807 | $468.8M | Add +31.4% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.46% | 2,343,228 | $466.9M | Add +8.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.46% | 8,012,842 | $461.7M | Reduce -5.0% |
| BWA Borgwarner Inc. | 0.45% | 13,090,941 | $454.8M | Add +35.4% |
| AGCO Agco Corp. | 0.44% | 3,636,532 | $447.4M | Add +18.8% |
| MIDD Middleby Corp. | 0.44% | 2,772,052 | $445.7M | Add +0.3% |
| HOLX Hologic Inc. | 0.44% | 5,698,666 | $444.3M | Add +12.7% |
| FCN Fti Consulting Inc. | 0.44% | 2,104,741 | $442.6M | Add +5.8% |
| GPN Global Payments Inc. | 0.44% | 3,306,465 | $441.9M | Reduce -2.5% |
| ROST Ross Stores Inc. | 0.43% | 2,963,358 | $434.9M | Reduce -26.1% |
| XEL Xcel Energy Inc. | 0.43% | 8,068,633 | $433.7M | Add +3.9% |
| YUM Yum! Brands Inc. | 0.43% | 3,116,206 | $432.1M | Reduce -13.7% |
| PEP Pepsico Inc. | 0.42% | 2,407,996 | $421.4M | Add +9.5% |
| CCK Crown Holdings Inc. | 0.42% | 5,310,980 | $420.9M | Add +3.4% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.42% | 4,747,908 | $419.9M | Reduce -18.1% |
| V Visa Inc. Class A | 0.41% | 1,495,359 | $417.3M | Reduce -8.9% |
| ZBH Zimmer Biomet Holdings Inc. | 0.41% | 3,152,987 | $416.1M | Reduce -1.4% |
| FLEX Flex Ltd. | 0.41% | 14,294,165 | $409.0M | Reduce -0.7% |
| PB Prosperity Bancshares Inc. | 0.40% | 6,174,712 | $406.2M | Add +4.2% |
| CPT Camden Property Trust | 0.40% | 4,107,376 | $404.2M | Add +11.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.40% | 3,311,333 | $403.7M | Add +1.8% |
| FNF Fidelity National Financial | 0.40% | 7,540,725 | $400.4M | Add +77.0% |
| XOM Exxon Mobil Corp. | 0.39% | 3,397,662 | $394.9M | Reduce -0.5% |
| UNH Unitedhealth Group Inc. | 0.39% | 785,650 | $388.7M | Reduce -5.2% |
| MMS Maximus Inc. | 0.38% | 4,585,731 | $384.7M | Reduce -13.8% |
| ABBV Abbvie Inc. | 0.38% | 2,106,117 | $383.5M | Add +7.7% |
| CSCO Cisco Systems Inc. | 0.38% | 7,638,732 | $381.2M | Add +2.1% |
| KNX Knight-Swift Transportation | 0.37% | 6,850,405 | $376.9M | Add +63.8% |
| MRK Merck & Co. Inc. | 0.37% | 2,829,846 | $373.4M | Reduce -2.3% |
| RPM RPM International Inc. | 0.37% | 3,124,810 | $371.7M | Reduce -3.2% |
| FNV Franco-Nevada Corp. | 0.37% | 3,112,530 | $370.9M | Add +15.5% |
| ORI Old Republic Intl Corp. | 0.36% | 11,783,917 | $362.0M | Reduce -15.4% |
| COO The Cooper Cos Inc. | 0.35% | 3,512,542 | $356.4M | Reduce -11.8% |
| EBAY eBay Inc. | 0.35% | 6,697,874 | $353.5M | Add +2474.6% |
| TSLA Tesla Inc. | 0.34% | 1,975,723 | $347.3M | Reduce -16.8% |
| ICLR Icon PLC | 0.34% | 1,020,585 | $342.9M | Add +7.9% |
| TTC Toro Co. | 0.34% | 3,727,907 | $341.6M | Add +24.2% |
| A Agilent Technologies Inc. | 0.34% | 2,333,489 | $339.5M | Reduce -2.3% |
| AXTA Axalta Coating Systems Ltd. | 0.34% | 9,852,276 | $338.8M | Add +67.9% |
| MSI Motorola Solutions Inc. | 0.34% | 953,162 | $338.4M | Reduce -5.8% |
| COST Costco Wholesale Corp. | 0.33% | 447,375 | $327.8M | Reduce -7.2% |
| ZBRA Zebra Technologies Corp. Class A | 0.33% | 1,087,037 | $327.7M | Add +12.4% |
| IEMG iShares Core MSCI Emerging | 0.32% | 6,157,144 | $317.7M | Add +0.3% |
| APH Amphenol Corp. Class A | 0.31% | 2,733,409 | $315.3M | Reduce -36.6% |
| QCOM Qualcomm Inc. | 0.31% | 1,858,667 | $314.7M | Add +7.3% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.31% | 3,892,901 | $310.1M | Add +2.0% |
| LSTR Landstar System Inc. | 0.31% | 1,597,632 | $308.0M | Add +14.6% |
| MAN Manpowergroup Inc. | 0.30% | 3,942,360 | $306.1M | Add +4.8% |
| G Genpact Ltd. | 0.30% | 9,183,122 | $302.6M | Add +2.1% |
| NFLX Netflix Inc. | 0.30% | 494,171 | $300.1M | Add +1.3% |
| RL Ralph Lauren Corp. | 0.29% | 1,557,363 | $292.4M | Reduce -43.9% |
| PG The Procter & Gamble Co. | 0.29% | 1,788,375 | $290.2M | Add +1.1% |
| AVY Avery Dennison Corp. | 0.29% | 1,298,777 | $290.0M | Reduce -34.1% |
| VEA Vanguard Ftse Developed ETF | 0.28% | 5,549,493 | $278.4M | Add +3.6% |
| ELS Equity Lifestyle Properties | 0.27% | 4,277,861 | $275.5M | Reduce -13.8% |
| HD Home Depot Inc. | 0.27% | 706,383 | $271.0M | Add +5.8% |
| RSG Republic Services Inc. | 0.26% | 1,379,814 | $264.2M | Reduce -37.5% |
| ADBE Adobe Inc. | 0.26% | 521,384 | $263.1M | Add +4.9% |
| MA Mastercard Inc. Class A | 0.26% | 539,026 | $259.6M | Reduce -6.0% |
| AMD Advanced Micro Devices | 0.26% | 1,427,111 | $257.6M | Add +14.0% |
| CARR Carrier Global Corp. | 0.25% | 4,366,326 | $253.8M | Reduce -4.7% |
| HBAN Huntington Bancshares Inc. | 0.25% | 17,889,143 | $249.6M | Add +5.5% |
| ALK Alaska Air Group Inc. | 0.24% | 5,696,318 | $244.9M | Reduce -23.4% |
| XYL Xylem Inc. | 0.24% | 1,883,805 | $243.5M | Reduce -25.5% |
| CMCSA Comcast Corp. Class A | 0.24% | 5,613,365 | $243.3M | Reduce -7.1% |
| ATR Aptargroup Inc. | 0.24% | 1,669,125 | $240.2M | Reduce -6.8% |
| RRX Regal Rexnord Corp. | 0.24% | 1,320,722 | $237.9M | Add +1667.3% |
| SSB Southstate Bank Corp. | 0.23% | 2,757,197 | $234.4M | Reduce -1.2% |
Other holdings (35): bonds, preferreds, convertibles and warrants · $1.8B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 73,282,000 | $141.5M | Reduce -3.3% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 3,082,543 | $120.0M | Add +32.5% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 117,323,000 | $118.7M | Add +11.9% |
| PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25) | NOTE 0.250% 5/1 · principal | 40,845,000 | $116.9M | Add +6.4% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 109,872,000 | $113.6M | Add +25.5% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 92,622 | $112.9M | Add +7.4% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 119,731,000 | $110.6M | Add +10.4% |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 111,364,000 | $108.2M | Add +11.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 89,624 | $107.0M | Add +9.0% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 1,533,430 | $97.8M | Add +12.3% |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | 43,313,000 | $79.7M | Add +6.2% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 77,901,000 | $74.7M | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 53,948,000 | $53.7M | New |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | 48,975,000 | $50.0M | Add +59.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 34,243,000 | $40.4M | Add +8.7% |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | 38,472,000 | $37.9M | New |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 21,388,000 | $35.4M | Reduce -11.0% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 26,311,000 | $28.9M | Add +85.5% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 19,296,000 | $28.4M | Add +194.9% |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 19,917,000 | $26.2M | Add +327.1% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 20,715,000 | $18.8M | No change |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 22,300,000 | $18.6M | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 18,019,000 | $17.8M | Add +28.1% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 521,149 | $17.1M | Add +19.5% |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 13,915,000 | $14.2M | Add +11.9% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 13,063,000 | $12.8M | Add +28.6% |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 12,500,000 | $12.4M | No change |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 12,144,000 | $10.7M | Add +28.0% |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | 6,950,000 | $8.6M | Add +23.6% |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | 6,119,000 | $7.1M | Add +28.6% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 6,157,000 | $6.2M | Add +28.2% |
| SNAP INC (SNAP 0.75 08/01/26) | NOTE 0.750% 8/0 · principal | 5,905,000 | $5.7M | No change |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | 4,541,000 | $4.5M | No change |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | 500,000 | $1.5M | Reduce -90.1% |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | 59,151 | $18K | Reduce -3.2% |
Total filed on the 13F, all lines: $102.4B.
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -5.8% | 1.89% | −0.54 |
| HES Hess Corp. | Reduce -94.2% | 0.02% | −0.29 |
| TSLA Tesla Inc. | Reduce -16.8% | 0.34% | −0.29 |
| WDC Western Digital Corp. | Reduce -67.5% | 0.18% | −0.28 |
| SYY Sysco Corp. | Reduce -86.7% | 0.04% | −0.22 |
| PGR Progressive Corp. | Reduce -64.7% | 0.15% | −0.20 |
| PH Parker Hannifin Corp. | Reduce -68.0% | 0.11% | −0.19 |
| OC Owens Corning | Reduce -72.3% | 0.07% | −0.17 |
| ROST Ross Stores Inc. | Reduce -26.1% | 0.43% | −0.16 |
| DKS Dick's Sporting Goods Inc. | Reduce -59.8% | 0.21% | −0.16 |
| TSN Tyson Foods Inc. Class A | Reduce -95.9% | 0.01% | −0.15 |
| APH Amphenol Corp. Class A | Reduce -36.6% | 0.31% | −0.14 |
| AVY Avery Dennison Corp. | Reduce -34.1% | 0.29% | −0.14 |
| RL Ralph Lauren Corp. | Reduce -43.9% | 0.29% | −0.14 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.13 |
| RSG Republic Services Inc. | Reduce -37.5% | 0.26% | −0.13 |
| ELS Equity Lifestyle Properties | Reduce -13.8% | 0.27% | −0.10 |
| MMS Maximus Inc. | Reduce -13.8% | 0.38% | −0.09 |
| CNM Core & Main Inc. Class A | Reduce -66.3% | 0.07% | −0.09 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -34.2% | 0.22% | −0.09 |
| UITB Victoryshares Core Intermedi | Reduce -0.1% | 0.90% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -5.2% | 0.39% | −0.08 |
| ORI Old Republic Intl Corp. | Reduce -15.4% | 0.36% | −0.08 |
| YUM Yum! Brands Inc. | Reduce -13.7% | 0.43% | −0.08 |
| VICTORY PORTFOLIOS II | Sold out | 0.00% | −0.07 |
| ALK Alaska Air Group Inc. | Reduce -23.4% | 0.24% | −0.07 |
| XYL Xylem Inc. | Reduce -25.5% | 0.24% | −0.07 |
| ODFL Old Dominion Freight Line | Reduce -56.9% | 0.05% | −0.07 |
| MZTI The Marzetti Company | Reduce -89.9% | 0.01% | −0.07 |
| FLEX Flex Ltd. | Reduce -0.7% | 0.41% | −0.06 |
| INGR Ingredion Inc. | Reduce -62.7% | 0.04% | −0.06 |
| AMGN Amgen Inc. | Reduce -14.8% | 0.21% | −0.06 |
| CELH Celsius Holdings Inc. | Reduce -81.5% | 0.02% | −0.06 |
| VLY Valley National Bancorp | Reduce -94.8% | 0.00% | −0.06 |
| TXRH Texas Roadhouse Inc. | Reduce -53.0% | 0.07% | −0.06 |
| EXAS Exact Sciences Corp. | Reduce -89.9% | 0.01% | −0.05 |
| INDB Independent Bank Corp. | Reduce -23.0% | 0.07% | −0.05 |
| ITGR Integer Holdings Corp. | Reduce -37.3% | 0.12% | −0.05 |
| WAL Western Alliance Bancorp | Reduce -98.0% | 0.00% | −0.05 |
| BOH Bank of Hawaii Corp. | Reduce -20.6% | 0.09% | −0.05 |
| IRWD Ironwood Pharmaceuticals Inc. | Reduce -97.0% | 0.00% | −0.05 |
| COO The Cooper Cos Inc. | Reduce -11.8% | 0.35% | −0.05 |
| GILD Gilead Sciences Inc. | Reduce -7.9% | 0.17% | −0.05 |
| MGRC McGrath Rentcorp | Reduce -34.5% | 0.08% | −0.05 |
| TDC Teradata Corp. | Reduce -92.6% | 0.00% | −0.05 |
| NGVT Ingevity Corp. | Reduce -45.3% | 0.05% | −0.05 |
| DFS Discover Financial Services | Reduce -60.0% | 0.03% | −0.05 |
| V Visa Inc. Class A | Reduce -8.9% | 0.41% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -7.1% | 0.24% | −0.04 |
| SF Stifel Financial Corp. | Reduce -85.6% | 0.01% | −0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| TGT Target Corp. | Add +448.5% | 0.68% | +0.57 |
| BKR Baker Hughes Co. | Add +1302.2% | 0.48% | +0.44 |
| EBAY eBay Inc. | Add +2474.6% | 0.35% | +0.34 |
| META Meta Platforms Inc. Class A | Add +0.3% | 1.14% | +0.25 |
| RRX Regal Rexnord Corp. | Add +1667.3% | 0.24% | +0.22 |
| FNF Fidelity National Financial | Add +77.0% | 0.40% | +0.17 |
| WTW Willis Towers Watson PLC | Add +28.5% | 0.52% | +0.14 |
| AXTA Axalta Coating Systems Ltd. | Add +67.9% | 0.34% | +0.12 |
| CHH Choice Hotels Intl Inc. | Add +15525.7% | 0.12% | +0.12 |
| KNX Knight-Swift Transportation | Add +63.8% | 0.37% | +0.12 |
| LLY Eli Lilly & Co. | Add +2.3% | 0.52% | +0.11 |
| VICTORY PORTFOLIOS II | New | 0.11% | +0.11 |
| DRI Darden Restaurants Inc. | Add +33.2% | 0.50% | +0.10 |
| BJ Bj's Wholesale Club Holdings | Add +21.6% | 0.47% | +0.10 |
| LIN Linde PLC | Add +118.9% | 0.18% | +0.10 |
| HIG Hartford Insurance Group Inc. | Add +2.7% | 0.55% | +0.10 |
| PBH Prestige Consumer Healthcare | Add +182.2% | 0.14% | +0.09 |
| JNJ Johnson & Johnson | Add +31.4% | 0.47% | +0.09 |
| USFD US Foods Holding Corp. | Add +7.2% | 0.53% | +0.08 |
| BWA Borgwarner Inc. | Add +35.4% | 0.45% | +0.08 |
| WFC Wells Fargo & Co. | Add +80.2% | 0.15% | +0.08 |
| EWJ iShares MSCI Japan ETF | Add +193.3% | 0.11% | +0.07 |
| EG Everest Group Ltd. | Add +146.8% | 0.11% | +0.07 |
| CTRA Coterra Energy Inc. | Add +14.2% | 0.50% | +0.07 |
| DVN Devon Energy Corp. | Add +12.4% | 0.48% | +0.06 |
| TXT Textron Inc. | Add +1.3% | 0.58% | +0.06 |
| AMD Advanced Micro Devices | Add +14.0% | 0.26% | +0.06 |
| ABBV Abbvie Inc. | Add +7.7% | 0.38% | +0.06 |
| NNN NNN REIT Inc. | Add +21.0% | 0.55% | +0.06 |
| AFG American Financial Group Inc. | Add +4.5% | 0.54% | +0.06 |
| HOLX Hologic Inc. | Add +12.7% | 0.44% | +0.05 |
| ICLR Icon PLC | Add +7.9% | 0.34% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 0.60% | +0.05 |
| CAT Caterpillar Inc. | Add +15.8% | 0.21% | +0.05 |
| CVX Chevron Corp. | Add +36.5% | 0.21% | +0.05 |
| SSNC Ss&c Technologies Holdings | Add +396.2% | 0.06% | +0.05 |
| FNV Franco-Nevada Corp. | Add +15.5% | 0.37% | +0.05 |
| AGCO Agco Corp. | Add +18.8% | 0.44% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Add +34.2% | 0.19% | +0.05 |
| ALIT Alight Inc. Class A | Add +9854.2% | 0.05% | +0.05 |
| WST West Pharmaceutical Services | Add +213.8% | 0.07% | +0.05 |
| QCOM Qualcomm Inc. | Add +7.3% | 0.31% | +0.04 |
| NFLX Netflix Inc. | Add +1.3% | 0.30% | +0.04 |
| FTRE Fortrea Holdings Inc. | Add +224.6% | 0.06% | +0.04 |
| XLF SS Financial Select Sector | New | 0.04% | +0.04 |
| ZBRA Zebra Technologies Corp. Class A | Add +12.4% | 0.33% | +0.04 |
| C Citigroup Inc. | Add +27.4% | 0.13% | +0.04 |
| SFLO VS SM Cap Free Cash Flow ETF | New | 0.04% | +0.04 |
| PAYX Paychex Inc. | Add +63.8% | 0.11% | +0.04 |
| MSTR Strategy Inc. | Add +1040.9% | 0.04% | +0.04 |
Notes & Other Activity Q4 2023 → Q1 2024
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Reduce -3.3% | 73,282,000 | $141.5M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +32.5% | 3,082,543 | $120.0M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Add +11.9% | 117,323,000 | $118.7M |
| PIONEER NATURAL RESOURCE (PXD 0.25 05/15/25) | NOTE 0.250% 5/1 · principal | Add +6.4% | 40,845,000 | $116.9M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Add +25.5% | 109,872,000 | $113.6M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +7.4% | 92,622 | $112.9M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +10.4% | 119,731,000 | $110.6M |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | Add +11.6% | 111,364,000 | $108.2M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +9.0% | 89,624 | $107.0M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +12.3% | 1,533,430 | $97.8M |
| WESTERN DIGITAL CORP (WDC 1.5 02/01/24) | NOTE 1.500% 2/0 · principal | Sold out | 84,474,000 | $84.1Mbefore exit |
| ARES CAPITAL CORP (ARCC 4.625 03/01/24) | NOTE 4.625% 3/0 · principal | Sold out | 79,955,000 | $82.6Mbefore exit |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | Add +6.2% | 43,313,000 | $79.7M |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | New | 77,901,000 | $74.7M |
| EQT CORP (EQT 1.75 05/01/26) | NOTE 1.750% 5/0 · principal | Sold out | 27,461,000 | $73.0Mbefore exit |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | New | 53,948,000 | $53.7M |
| NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) | NOTE 7.500%10/1 · principal | Add +59.5% | 48,975,000 | $50.0M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Add +8.7% | 34,243,000 | $40.4M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | New | 38,472,000 | $37.9M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Reduce -11.0% | 21,388,000 | $35.4M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Add +85.5% | 26,311,000 | $28.9M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +194.9% | 19,296,000 | $28.4M |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Add +327.1% | 19,917,000 | $26.2M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Add +28.1% | 18,019,000 | $17.8M |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Add +19.5% | 521,149 | $17.1M |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | Add +11.9% | 13,915,000 | $14.2M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | Add +28.6% | 13,063,000 | $12.8M |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | Add +28.0% | 12,144,000 | $10.7M |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | Add +23.6% | 6,950,000 | $8.6M |
| GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) | NOTE 1.250% 3/1 · principal | Add +28.6% | 6,119,000 | $7.1M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Add +28.2% | 6,157,000 | $6.2M |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | Sold out | 6,171,000 | $4.9Mbefore exit |
| UNITED STATES STEEL CORP (X 5 11/01/26) | NOTE 5.000%11/0 · principal | Reduce -90.1% | 500,000 | $1.5M |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | Reduce -3.2% | 59,151 | $18K |
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 | 2,441 | $176.8B | NVDA, AAPL, MSFT, GOOGL, AMZN |
| Q1 2026 | 2,373 | $154.7B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 2,381 | $175.6B | NVDA, MSFT, AAPL, AMZN, GOOGL |
| Q3 2025 | 2,373 | $169.3B | QCOM, NVDA, MSFT, AAPL, AMZN |
| Q2 2025 | 2,434 | $153.4B | MSFT, NVDA, AMZN, AAPL, GOOGL |
| Q1 2025 | 2,428 | $96.1B | AAPL, NVDA, MSFT, AMZN, META |
| Q4 2024 | 2,425 | $100.1B | AAPL, NVDA, MSFT, AMZN, META |
| Q3 2024 | 2,440 | $102.2B | AAPL, MSFT, NVDA, META, AMZN |
| Q2 2024 | 2,433 | $98.1B | MSFT, NVDA, AAPL, AMZN, META |
| Q1 2024 | 2,434 | $100.7B | MSFT, NVDA, AAPL, AMZN, META |