Victory Capital Management Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Victory Capital Management Inc. reported 2,373 stock positions worth $154.7 billion. Its top holding was Nvidia (NVDA) at 3.7% of the portfolio, followed by Apple (AAPL, 3.1%) and Microsoft (MSFT, 2.6%). Compared with Q4 2025, it opened 88 new positions, sold out of 97, added to 1,130 and reduced 1,107. The biggest buy was ASML Holding NV-NY Reg SHS (ASML, shares +330%) and the biggest sale Microsoft (MSFT, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- San Antonio, TX
- CIK
- 0001040188
- Portfolio Value
- $154.7B (Q1 2026)
- SEC Filing
- 0001040188-26-000028 ↗ filed May 15, 2026
Holdings Value
Holdings 2,373 stocks · $154.7B
| NVDA Nvidia Corp. | 3.70% | 32,786,013 | $5.7B | Reduce -16.1% |
| AAPL Apple Inc. | 3.07% | 18,706,629 | $4.7B | Reduce -15.9% |
| MSFT Microsoft Corp. | 2.56% | 10,712,913 | $4.0B | Reduce -17.9% |
| AMZN Amazon.com Inc. | 2.28% | 16,957,418 | $3.5B | Reduce -30.6% |
| GOOGL Alphabet Inc. Class A | 1.84% | 9,903,111 | $2.8B | Reduce -21.3% |
| LLY Eli Lilly & Co. | 1.11% | 1,866,854 | $1.7B | Reduce -30.4% |
| GOOG Alphabet Inc. Class C | 1.07% | 5,784,751 | $1.7B | Reduce -11.3% |
| AVGO Broadcom Inc. | 1.03% | 5,150,233 | $1.6B | Reduce -8.9% |
| V Visa Inc. Class A | 0.96% | 4,905,279 | $1.5B | Reduce -24.6% |
| META Meta Platforms Inc. Class A | 0.96% | 2,584,702 | $1.5B | Add +28.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.80% | 25,400,756 | $1.2B | Reduce -20.4% |
| TFC Truist Financial Corp. | 0.80% | 26,936,449 | $1.2B | Reduce -15.7% |
| LH Labcorp Holdings Inc. | 0.80% | 4,627,126 | $1.2B | Reduce -13.6% |
| CSCO Cisco Systems Inc. | 0.77% | 15,249,836 | $1.2B | Reduce -27.7% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.72% | 11,254,181 | $1.1B | Reduce -13.0% |
| UPS United Parcel Service Class B | 0.70% | 11,040,973 | $1.1B | Reduce -20.1% |
| NRG NRG Energy Inc. | 0.68% | 7,165,705 | $1.0B | Reduce -6.7% |
| AMD Advanced Micro Devices | 0.67% | 5,094,196 | $1.0B | Reduce -19.8% |
| SNPS Synopsys Inc. | 0.65% | 2,539,838 | $1.0B | Reduce -7.0% |
| MLM Martin Marietta Materials | 0.62% | 1,637,147 | $963.8M | Reduce -33.1% |
| UBER Uber Technologies Inc. | 0.59% | 12,613,697 | $907.3M | Reduce -7.5% |
| NFLX Netflix Inc. | 0.58% | 9,293,865 | $893.6M | Add +33.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.55% | 1,888,521 | $843.3M | Reduce -43.7% |
| JNJ Johnson & Johnson | 0.54% | 3,429,005 | $838.2M | Reduce -18.4% |
| ACN Accenture PLC Class A | 0.53% | 4,135,179 | $820.0M | Add +262.2% |
| APH Amphenol Corp. Class A | 0.53% | 6,442,036 | $814.0M | Reduce -23.9% |
| NOW ServiceNow Inc. | 0.52% | 7,628,519 | $797.6M | Add +97.2% |
| RRX Regal Rexnord Corp. | 0.51% | 4,177,118 | $782.2M | Reduce -26.2% |
| TSLA Tesla Inc. | 0.49% | 2,048,950 | $761.7M | Add +6.6% |
| MCHP Microchip Technology Inc. | 0.49% | 11,713,122 | $756.8M | Reduce -12.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.47% | 3,017,348 | $731.4M | Reduce -34.2% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.47% | 546,404 | $721.8M | Add +329.7% |
| PWR Quanta Services Inc. | 0.46% | 1,296,298 | $711.7M | Reduce -55.5% |
| JPM JPMorgan Chase & Co. | 0.46% | 2,415,579 | $710.6M | Reduce -4.4% |
| UITB Victoryshares Core Intermedi | 0.45% | 14,850,508 | $698.2M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.43% | 4,210,800 | $672.5M | Reduce -16.3% |
| BKNG Booking Holdings Inc. | 0.43% | 158,316 | $666.8M | Add +9.5% |
| FCX Freeport-McMoran Inc. | 0.42% | 11,180,678 | $657.2M | Reduce -35.6% |
| CEG Constellation Energy | 0.42% | 2,333,632 | $651.7M | Add +7.5% |
| ADBE Adobe Inc. | 0.41% | 2,586,382 | $628.7M | Add +34.9% |
| MA Mastercard Inc. Class A | 0.40% | 1,236,533 | $617.9M | Reduce -17.5% |
| ISRG Intuitive Surgical Inc. | 0.39% | 1,299,442 | $599.1M | Reduce -12.4% |
| XOM Exxon Mobil Corp. | 0.38% | 3,503,807 | $594.5M | Reduce -14.4% |
| HD Home Depot Inc. | 0.38% | 1,796,496 | $590.9M | Reduce -14.1% |
| USFD US Foods Holding Corp. | 0.36% | 6,077,846 | $560.4M | Add +26.2% |
| KLAC KLA Corp. | 0.36% | 380,557 | $560.3M | Reduce -31.9% |
| BMY Bristol-Myers Squibb Co. | 0.36% | 9,151,211 | $555.0M | Add +11.5% |
| EME Emcor Group Inc. | 0.36% | 751,050 | $554.5M | Reduce -41.2% |
| LOW Lowe's Cos Inc. | 0.36% | 2,330,207 | $550.6M | Add +0.4% |
| ROST Ross Stores Inc. | 0.35% | 2,525,025 | $547.0M | Reduce -16.6% |
| AMAT Applied Materials Inc. | 0.35% | 1,586,115 | $542.1M | Reduce -48.8% |
| CMS CMS Energy Corp. | 0.34% | 6,839,262 | $530.6M | Reduce -7.4% |
| NEM Newmont Corp. | 0.34% | 4,829,752 | $522.8M | Reduce -16.0% |
| EXE Expand Energy Corp. | 0.34% | 4,760,749 | $522.6M | Add +44.9% |
| GS Goldman Sachs Group Inc. | 0.34% | 616,833 | $521.8M | Reduce -29.4% |
| INTU Intuit Inc. | 0.34% | 1,201,979 | $519.7M | Add +5.5% |
| LNT Alliant Energy Corp. | 0.34% | 7,238,864 | $519.5M | Reduce -15.6% |
| WMT Walmart Inc. | 0.33% | 4,124,223 | $512.6M | Add +107.3% |
| MTZ Mastec Inc. | 0.33% | 1,592,523 | $512.4M | Reduce -39.6% |
| ES Eversource Energy | 0.33% | 7,318,444 | $507.0M | Reduce -23.3% |
| UBND Victoryshares Core Plus Bond | 0.32% | 22,967,672 | $500.2M | Add +12.8% |
| ICE Intercontinental Exchange Inc. | 0.31% | 3,070,325 | $482.9M | Reduce -14.8% |
| GEV GE Vernova Inc. | 0.31% | 550,075 | $480.2M | Reduce -40.9% |
| B Barrick Mining Corp. | 0.31% | 9,479,096 | $472.3M | Add +78.1% |
| CSX CSX Corp. | 0.30% | 11,386,620 | $467.4M | Reduce -5.8% |
| CRM Salesforce Inc. | 0.30% | 2,463,082 | $459.8M | Add +14.2% |
| DVN Devon Energy Corp. | 0.30% | 9,132,342 | $459.5M | Reduce -34.4% |
| MRK Merck & Co. Inc. | 0.29% | 3,789,757 | $455.9M | Reduce -21.2% |
| EXPE Expedia Group Inc. | 0.29% | 1,915,203 | $442.2M | Reduce -12.8% |
| PFE Pfizer Inc. | 0.28% | 15,508,999 | $435.5M | Reduce -21.7% |
| PKG Packaging Corp. of America | 0.28% | 2,024,118 | $429.6M | Reduce -12.3% |
| ORLY O'reilly Automotive Inc. | 0.28% | 4,631,035 | $427.5M | Reduce -31.1% |
| ETN Eaton Corp. PLC | 0.28% | 1,192,322 | $426.5M | Add +133.1% |
| PINS Pinterest Inc. Class A | 0.27% | 22,873,121 | $419.5M | Reduce -14.7% |
| ADM Archer-Daniels-Midland Co. | 0.27% | 5,763,955 | $419.0M | Add +3.1% |
| KEYS Keysight Technologies Inc. | 0.27% | 1,481,291 | $418.3M | Reduce -35.7% |
| HIG Hartford Insurance Group Inc. | 0.26% | 3,008,859 | $406.9M | Reduce -2.2% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.26% | 7,838,119 | $402.8M | Add +109.9% |
| RF Regions Financial Corp. | 0.26% | 15,264,042 | $398.7M | Reduce -33.2% |
| WTW Willis Towers Watson PLC | 0.26% | 1,360,892 | $397.0M | Add +7.7% |
| RPM RPM International Inc. | 0.25% | 3,889,257 | $386.6M | Add +12.1% |
| AEP American Electric Power | 0.25% | 2,941,785 | $385.6M | Reduce -53.4% |
| CRH CRH PLC | 0.25% | 4,248,353 | $383.9M | Add +1805.7% |
| PEP Pepsico Inc. | 0.25% | 2,467,725 | $383.2M | Reduce -30.4% |
| MSI Motorola Solutions Inc. | 0.25% | 881,810 | $382.7M | Reduce -19.3% |
| USB US Bancorp | 0.25% | 7,300,739 | $379.7M | Reduce -23.0% |
| COST Costco Wholesale Corp. | 0.25% | 380,396 | $379.0M | Add +11.1% |
| LECO Lincoln Electric Holdings | 0.24% | 1,483,496 | $369.5M | Reduce -14.1% |
| LAMR Lamar Advertising Co. Class A | 0.24% | 2,910,453 | $368.6M | Reduce -7.1% |
| KNX Knight-Swift Transportation | 0.24% | 6,333,931 | $364.7M | Reduce -7.3% |
| TMUS T-Mobile US Inc. | 0.24% | 1,732,888 | $364.0M | Add +114.8% |
| DGX Quest Diagnostics Inc. | 0.23% | 1,846,336 | $361.8M | Reduce -13.2% |
| CAT Caterpillar Inc. | 0.23% | 510,512 | $361.7M | Reduce -17.7% |
| RJF Raymond James Financial Inc. | 0.23% | 2,489,689 | $360.5M | Reduce -10.6% |
| CTRA Coterra Energy Inc. | 0.23% | 10,182,314 | $357.8M | Reduce -53.7% |
| MU Micron Technology Inc. | 0.23% | 1,054,377 | $356.2M | Add +26.2% |
| STLD Steel Dynamics Inc. | 0.23% | 1,946,832 | $350.4M | Reduce -8.7% |
| NNN NNN REIT Inc. | 0.23% | 8,318,682 | $349.6M | Reduce -12.4% |
| HUBB Hubbell Inc. | 0.23% | 710,028 | $348.4M | Add +2.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 1,012,395 | $342.1M | Reduce -23.8% |
Other holdings (37): bonds, preferreds, convertibles and warrants · $1.5B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 93,950,500 | $93.3M | Reduce -1.0% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 75,526,000 | $91.1M | Add +9.3% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 92,144,000 | $88.8M | Add +31.4% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 70,019 | $83.4M | Add +0.3% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 68,502 | $79.1M | Add +0.8% |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 50,044,500 | $74.4M | Reduce -3.5% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 83,865,000 | $73.8M | Add +11.6% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 55,361,000 | $64.8M | Reduce -1.1% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 1,601,012 | $64.4M | Add +12.1% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 1,107,101 | $62.0M | Reduce -2.5% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 1,428,294 | $51.7M | Add +12.4% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 51,527,000 | $50.9M | Add +11.9% |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 44,768,500 | $50.6M | Add +54.7% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 839,614 | $49.1M | Reduce -28.7% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 39,446,500 | $48.8M | Add +32.8% |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 48,813,000 | $48.7M | Reduce -0.8% |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 43,922,500 | $42.1M | Add +10.8% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 668,957 | $35.1M | Reduce -1.0% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 29,344,000 | $32.6M | Reduce -1.4% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 28,947,000 | $27.1M | Add +131.9% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 19,920,500 | $26.9M | Add +42.9% |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | 500,000 | $25.7M | Add +11.1% |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 21,300,000 | $25.3M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 18,132,500 | $20.7M | Reduce -24.7% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 14,763,000 | $19.0M | Reduce -1.6% |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 17,876,500 | $17.2M | Reduce -1.2% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 14,727,000 | $16.9M | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 232,290 | $16.7M | Add +10.0% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 225,691 | $14.6M | Reduce -2.8% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 13,783,500 | $12.7M | Add +4.7% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 10,869,000 | $12.0M | Reduce -84.2% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 9,910,000 | $12.0M | No change |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 1,000,000 | $7.2M | New |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 7,815,000 | $7.1M | New |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 6,000,000 | $5.9M | New |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 85,173 | $3.8M | New |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 90,000 | $90K | No change |
Total filed on the 13F, all lines: $156.1B.
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -17.9% | 2.56% | −1.03 |
| AMZN Amazon.com Inc. | Reduce -30.6% | 2.28% | −0.93 |
| LLY Eli Lilly & Co. | Reduce -30.4% | 1.11% | −0.53 |
| NVDA Nvidia Corp. | Reduce -16.1% | 3.70% | −0.45 |
| GOOGL Alphabet Inc. Class A | Reduce -21.3% | 1.84% | −0.40 |
| AAPL Apple Inc. | Reduce -15.9% | 3.07% | −0.38 |
| V Visa Inc. Class A | Reduce -24.6% | 0.96% | −0.34 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -43.7% | 0.55% | −0.32 |
| IBM Intl Business Machines Corp. | Reduce -34.2% | 0.47% | −0.30 |
| APO Apollo Global Management Inc. | Reduce -58.4% | 0.15% | −0.27 |
| MLM Martin Marietta Materials | Reduce -33.1% | 0.62% | −0.25 |
| PWR Quanta Services Inc. | Reduce -55.5% | 0.46% | −0.24 |
| HBAN Huntington Bancshares Inc. | Reduce -64.7% | 0.13% | −0.24 |
| HOLX Hologic Inc. | Reduce -98.9% | 0.00% | −0.23 |
| PFGC Performance Food Group Co. | Reduce -91.1% | 0.02% | −0.20 |
| BAC Bank of America Corp. | Reduce -20.4% | 0.80% | −0.20 |
| DIS The Walt Disney Co. | Reduce -42.4% | 0.22% | −0.18 |
| STT State Street Corp. | Reduce -56.8% | 0.16% | −0.17 |
| AEP American Electric Power | Reduce -53.4% | 0.25% | −0.17 |
| TXT Textron Inc. | Reduce -85.1% | 0.03% | −0.16 |
| CSCO Cisco Systems Inc. | Reduce -27.7% | 0.77% | −0.16 |
| CME Cme Group Inc. | Reduce -53.0% | 0.18% | −0.13 |
| CCK Crown Holdings Inc. | Reduce -85.3% | 0.03% | −0.13 |
| CAH Cardinal Health Inc. | Reduce -48.6% | 0.19% | −0.13 |
| FNF Fidelity National Financial | Reduce -80.7% | 0.03% | −0.13 |
| APH Amphenol Corp. Class A | Reduce -23.9% | 0.53% | −0.13 |
| TSCO Tractor Supply Company | Reduce -86.6% | 0.02% | −0.12 |
| PINS Pinterest Inc. Class A | Reduce -14.7% | 0.27% | −0.12 |
| VLTO Veralto Corp. | Reduce -95.8% | 0.01% | −0.12 |
| KKR KKR & Co. Inc. | Reduce -87.0% | 0.01% | −0.12 |
| MIDD Middleby Corp. | Reduce -97.7% | 0.00% | −0.11 |
| QCOM Qualcomm Inc. | Reduce -21.4% | 0.22% | −0.11 |
| AMD Advanced Micro Devices | Reduce -19.8% | 0.67% | −0.10 |
| AMAT Applied Materials Inc. | Reduce -48.8% | 0.35% | −0.10 |
| ITW Illinois Tool Works | Reduce -82.2% | 0.03% | −0.10 |
| MKSI MKS Inc. | Reduce -65.7% | 0.13% | −0.10 |
| GS Goldman Sachs Group Inc. | Reduce -29.4% | 0.34% | −0.10 |
| CPRT Copart Inc. | Reduce -50.2% | 0.09% | −0.10 |
| CTRA Coterra Energy Inc. | Reduce -53.7% | 0.23% | −0.10 |
| BLDR Builders Firstsource Inc. | Reduce -80.8% | 0.02% | −0.10 |
| TFC Truist Financial Corp. | Reduce -15.7% | 0.80% | −0.10 |
| RF Regions Financial Corp. | Reduce -33.2% | 0.26% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -11.3% | 1.07% | −0.09 |
| ISRG Intuitive Surgical Inc. | Reduce -12.4% | 0.39% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -17.5% | 0.40% | −0.09 |
| EME Emcor Group Inc. | Reduce -41.2% | 0.36% | −0.09 |
| AVGO Broadcom Inc. | Reduce -8.9% | 1.03% | −0.08 |
| SNPS Synopsys Inc. | Reduce -7.0% | 0.65% | −0.08 |
| UPS United Parcel Service Class B | Reduce -20.1% | 0.70% | −0.08 |
| FCX Freeport-McMoran Inc. | Reduce -35.6% | 0.42% | −0.08 |
Portfolio Buys Q4 2025 → Q1 2026
| ASML ASML Holding NV-NY Reg SHS | Add +329.7% | 0.47% | +0.39 |
| ACN Accenture PLC Class A | Add +262.2% | 0.53% | +0.36 |
| CRH CRH PLC | Add +1805.7% | 0.25% | +0.23 |
| NFLX Netflix Inc. | Add +33.8% | 0.58% | +0.21 |
| WMT Walmart Inc. | Add +107.3% | 0.33% | +0.21 |
| BWLP BW LPG Ltd. | New | 0.20% | +0.20 |
| META Meta Platforms Inc. Class A | Add +28.1% | 0.96% | +0.20 |
| IEX Idex Corp. | Add +6890.0% | 0.19% | +0.18 |
| ETN Eaton Corp. PLC | Add +133.1% | 0.28% | +0.18 |
| DD Dupont DE Nemours Inc. | Add +4275.4% | 0.19% | +0.18 |
| TTC Toro Co. | Add +20402.3% | 0.18% | +0.18 |
| SLB SLB Ltd. | Add +109.9% | 0.26% | +0.18 |
| NOW ServiceNow Inc. | Add +97.2% | 0.52% | +0.18 |
| RVTY Revvity Inc. | Add +1108.2% | 0.19% | +0.18 |
| CACI Caci International Inc. Class A | Add +428.9% | 0.21% | +0.17 |
| SPOT Spotify Technology SA | Add +1000.9% | 0.18% | +0.16 |
| USFD US Foods Holding Corp. | Add +26.2% | 0.36% | +0.16 |
| CDW CDW Corp. | Add +1487.6% | 0.16% | +0.15 |
| SHOP Shopify Inc. Class A | Add +358.2% | 0.20% | +0.14 |
| SNDK Sandisk Corp. | Add +146.7% | 0.17% | +0.14 |
| TMUS T-Mobile US Inc. | Add +114.8% | 0.24% | +0.14 |
| B Barrick Mining Corp. | Add +78.1% | 0.31% | +0.14 |
| AMRZ Amrize Ltd. | New | 0.14% | +0.14 |
| ADI Analog Devices Inc. | Add +120.2% | 0.21% | +0.14 |
| EXE Expand Energy Corp. | Add +44.9% | 0.34% | +0.13 |
| ZS Zscaler Inc. | Add +1021.6% | 0.14% | +0.12 |
| DINO HF Sinclair Corp. | Add +135.3% | 0.17% | +0.12 |
| FFIV F5 Inc. | Add +116.0% | 0.19% | +0.12 |
| BA The Boeing Co. | Add +451.3% | 0.15% | +0.12 |
| PR Permian Resources Corp. Class A | Add +141.6% | 0.15% | +0.12 |
| BMY Bristol-Myers Squibb Co. | Add +11.5% | 0.36% | +0.11 |
| IWD iShares Russell 1000 Value E | Add +5861.4% | 0.11% | +0.11 |
| SHEL Shell PLC-ADR | Add +67.4% | 0.17% | +0.10 |
| MU Micron Technology Inc. | Add +26.2% | 0.23% | +0.09 |
| GM General Motors Co. | Add +160.8% | 0.14% | +0.09 |
| CDE Coeur Mining Inc. | Add +575.2% | 0.10% | +0.09 |
| ADM Archer-Daniels-Midland Co. | Add +3.1% | 0.27% | +0.09 |
| LIN Linde PLC | Add +46.1% | 0.18% | +0.09 |
| CHRD Chord Energy Corp. | Add +2.5% | 0.19% | +0.08 |
| COST Costco Wholesale Corp. | Add +11.1% | 0.25% | +0.08 |
| SARO Standardaero Inc. | Add +88.6% | 0.16% | +0.08 |
| WSM Williams-Sonoma Inc. | Add +44.0% | 0.19% | +0.08 |
| WDAY Workday Inc. Class A | Add +497.1% | 0.10% | +0.07 |
| ADP Automatic Data Processing | Add +96.5% | 0.17% | +0.07 |
| CARR Carrier Global Corp. | Add +24.2% | 0.22% | +0.07 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.07% | +0.07 |
| CCJ Cameco Corp. | Add +45.7% | 0.15% | +0.07 |
| MDT Medtronic PLC | Add +102.6% | 0.16% | +0.07 |
| FOXA Fox Corp. Class A | Add +438.9% | 0.09% | +0.07 |
| UBND Victoryshares Core Plus Bond | Add +12.8% | 0.32% | +0.07 |
Notes & Other Activity Q4 2025 → Q1 2026
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | Reduce -1.0% | 93,950,500 | $93.3M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Add +9.3% | 75,526,000 | $91.1M |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | Add +31.4% | 92,144,000 | $88.8M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Sold out | 81,058,000 | $84.1Mbefore exit |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.3% | 70,019 | $83.4M |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +0.8% | 68,502 | $79.1M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -3.5% | 50,044,500 | $74.4M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Add +11.6% | 83,865,000 | $73.8M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 58,607,000 | $65.5Mbefore exit |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | Reduce -1.1% | 55,361,000 | $64.8M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +12.1% | 1,601,012 | $64.4M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | Reduce -2.5% | 1,107,101 | $62.0M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +12.4% | 1,428,294 | $51.7M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Add +11.9% | 51,527,000 | $50.9M |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | Add +54.7% | 44,768,500 | $50.6M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -28.7% | 839,614 | $49.1M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | Add +32.8% | 39,446,500 | $48.8M |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Reduce -0.8% | 48,813,000 | $48.7M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | Add +10.8% | 43,922,500 | $42.1M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Reduce -1.0% | 668,957 | $35.1M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Reduce -1.4% | 29,344,000 | $32.6M |
| ALLIANT ENERGY CORP (LNT 3.875 03/15/26) | NOTE 3.875% 3/1 · principal | Sold out | 29,949,000 | $31.2Mbefore exit |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | Add +131.9% | 28,947,000 | $27.1M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +42.9% | 19,920,500 | $26.9M |
| SOUTHERN CO (SO 7.125 12/15/28 A) | UNIT 12/15/2028 | Add +11.1% | 500,000 | $25.7M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Reduce -24.7% | 18,132,500 | $20.7M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Reduce -1.6% | 14,763,000 | $19.0M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -1.2% | 17,876,500 | $17.2M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | New | 14,727,000 | $16.9M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Add +10.0% | 232,290 | $16.7M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Reduce -2.8% | 225,691 | $14.6M |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Add +4.7% | 13,783,500 | $12.7M |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Reduce -84.2% | 10,869,000 | $12.0M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 1,000,000 | $7.2M |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | New | 7,815,000 | $7.1M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | New | 6,000,000 | $5.9M |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | Sold out | 5,396,000 | $5.5Mbefore exit |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 85,173 | $3.8M |
| REDWOOD TRUST INC (RWT 7.75 06/15/27) | NOTE 7.750% 6/1 · principal | Sold out | 32,458 | $179Kbefore exit |
| LIVE NATION ENTERTAINMEN (LYV 2.875 01/15/30) | NOTE 2.875% 1/1 · principal | Sold out | 555 | $79Kbefore exit |
| NUVB.WS Nuvation Bio Inc. -CW27 | *W EXP 02/10/202 | Sold out | 20,381 | $7Kbefore exit |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Sold out | 4 | $55before 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 | 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 |