Virtus Advisers, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed February 13, 2026), Virtus Advisers, LLC reported 376 stock positions worth $159.8 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 5.5% of the portfolio, followed by Centerra Gold (CGAU, 3.4%) and Virtus Duff & Phelps Clean E (VCLN, 2.0%). Compared with Q1 2025, it opened 79 new positions, sold out of 52, added to 34 and reduced 74. The biggest buy was a new position in HDFC Bank Ltd.-ADR (HDB) and the biggest sale DXC Technology (DXC, shares −93%).

Most Recent 13F
Q2 2026
Location
HARTFORD, CT
CIK
0001587281
Portfolio Value
$159.8M (Q2 2025)
SEC Filing
0001587281-26-000004 ↗ filed Feb 13, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $187.9M Q1 2024 Q2 2024: $203.8M Q2 2024 Q3 2024: $213.5M Q3 2024 Q4 2024: $244.5M Q4 2024 Q1 2025: $150.5M Q1 2025 Q2 2025: $159.8M $159.8M Q2 2025 Q3 2025: $177.9M Q3 2025 Q4 2025: $208.0M Q4 2025 Q1 2026: $211.6M Q1 2026 Q2 2026: $256.8M Q2 2026

Holdings 376 stocks · $159.8M
IBN Icici Bank Ltd.-Spon ADR 5.50% 261,046 $8.8M No change
CGAU Centerra Gold Inc. 3.42% 583,242 $5.5M Add +11.2%
VCLN Virtus Duff & Phelps Clean E 1.98% 163,001 $3.2M No change
AAPL Apple Inc. 1.85% 14,384 $3.0M Reduce -6.2%
MSFT Microsoft Corp. 1.68% 5,399 $2.7M No change
MMYT Makemytrip Ltd. 1.59% 25,900 $2.5M Reduce -2.1%
INDA iShares MSCI India ETF 1.42% 40,789 $2.3M No change
NVDA Nvidia Corp. 1.30% 13,142 $2.1M Add +4.7%
PRIM Primoris Services Corp. 1.24% 25,451 $2.0M No change
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 1.24% 46,813 $2.0M No change
CIB Grupo Cibest SA-ADR 1.19% 41,149 $1.9M No change
CVLT Commvault Systems Inc. 1.15% 10,583 $1.8M No change
HDB HDFC Bank Ltd.-ADR 1.14% 23,850 $1.8M New
RDY Dr. Reddy's Laboratories-ADR 1.12% 118,945 $1.8M No change
GL Globe Life Inc. 1.04% 13,335 $1.7M No change
NCLH Norwegian Cruise Line Holdin 1.04% 81,670 $1.7M No change
AMBA Ambarella Inc. 0.98% 23,690 $1.6M New
FIX Comfort Systems USA Inc. 0.94% 2,814 $1.5M No change
DCO Ducommun Inc. 0.89% 17,277 $1.4M No change
BBSI Barrett Business SVCS Inc. 0.87% 33,440 $1.4M Reduce -14.1%
PAHC Phibro Animal Health Corp. Class A 0.87% 54,576 $1.4M No change
WB Weibo Corp.-Spon ADR 0.87% 145,600 $1.4M Add +90.1%
ALKS Alkermes PLC 0.85% 47,708 $1.4M No change
HWC Hancock Whitney Corp. 0.77% 21,334 $1.2M No change
NXT Nextpower Inc. filed as NEXTRACKER INC 0.76% 22,405 $1.2M No change
SFM Sprouts Farmers Market Inc. 0.72% 7,008 $1.2M Add +158.5%
TK Teekay Corp. Ltd. 0.72% 139,693 $1.2M No change
DOCU Docusign Inc. 0.71% 14,629 $1.1M No change
FTDR Frontdoor Inc. 0.71% 19,189 $1.1M No change
ACM Aecom 0.70% 9,844 $1.1M Reduce -3.5%
MTG Mgic Investment Corp. 0.69% 39,357 $1.1M No change
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.69% 8,610 $1.1M Add +9.3%
ANIP Ani Pharmaceuticals Inc. 0.65% 15,906 $1.0M Add +15.5%
DBX Dropbox Inc. Class A 0.64% 35,820 $1.0M Add +76.5%
DRS Leonardo DRS Inc. 0.63% 21,811 $1.0M No change
VCYT Veracyte Inc. 0.61% 36,230 $979K No change
WWD Woodward Inc. 0.61% 3,985 $977K No change
MOG.A Moog Inc. Class A 0.61% 5,392 $976K No change
EME Emcor Group Inc. 0.59% 1,777 $951K Reduce -42.3%
ACAD Acadia Pharmaceuticals Inc. 0.58% 42,974 $927K No change
GOOGL Alphabet Inc. Class A 0.57% 5,190 $915K Add +33.1%
AMSC American Superconductor Corp. 0.57% 24,815 $910K New
CRGY Crescent Energy Inc. Class A 0.57% 105,501 $907K New
MTZ Mastec Inc. 0.56% 5,294 $902K No change
TSEM Tower Semiconductor Ltd. 0.56% 20,781 $901K No change
TILE Interface Inc. 0.56% 42,976 $899K No change
JPM JPMorgan Chase & Co. 0.56% 3,095 $897K Add +38.2%
CRUS Cirrus Logic Inc. 0.56% 8,600 $897K New
GDOT Green Dot Corp. Class A 0.54% 80,268 $865K New
NI Nisource Inc. 0.53% 20,922 $844K No change
PBH Prestige Consumer Healthcare 0.52% 10,324 $824K No change
AMZN Amazon.com Inc. 0.51% 3,703 $812K Reduce -2.0%
ACMR Acm Research Inc. Class A 0.51% 31,307 $811K Add +203.8%
PM Philip Morris International 0.50% 4,392 $800K Reduce -4.0%
ARW Arrow Electronics Inc. 0.50% 6,262 $798K New
CDNA Caredx Inc. 0.50% 40,564 $793K No change
META Meta Platforms Inc. Class A 0.50% 1,072 $791K Add +61.0%
LE Lands' End Inc. 0.49% 73,548 $788K New
RGA Reinsurance Group of America 0.49% 3,955 $785K No change
EAT Brinker International Inc. 0.47% 4,161 $750K Reduce -28.6%
EVER Everquote Inc. Class A 0.45% 30,005 $726K Add +172.8%
NTRA Natera Inc. 0.44% 4,162 $703K No change
CASY Casey's General Stores Inc. 0.43% 1,332 $680K No change
ANF Abercrombie & Fitch Co. Class A 0.41% 8,000 $663K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.41% 7,250 $661K No change
MO Altria Group Inc. 0.41% 11,208 $657K Reduce -2.3%
AIR Aar Corp. 0.40% 9,369 $644K No change
LOPE Grand Canyon Education Inc. 0.40% 3,396 $642K No change
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 0.39% 14,400 $624K No change
PRDO Perdoceo Education Corp. 0.39% 18,948 $619K No change
NTB Bank of N.T. Butterfield&son 0.38% 13,596 $602K No change
FN Fabrinet 0.37% 2,026 $597K No change
EVRG Evergy Inc. 0.37% 8,525 $588K No change
CTAS Cintas Corp. 0.36% 2,604 $580K No change
SSRM SSR Mining Inc. 0.36% 45,542 $580K No change
ALHC Alignment Healthcare Inc. 0.36% 41,412 $580K New
IDA Idacorp Inc. 0.36% 5,005 $578K No change
EXEL Exelixis Inc. 0.36% 13,000 $573K No change
ADC Agree Realty Corp. 0.36% 7,815 $571K No change
OSPN Onespan Inc. 0.36% 34,100 $569K New
GMAB Genmab A/S -SP ADR 0.36% 27,495 $568K New
OGE Oge Energy Corp. 0.35% 12,766 $567K No change
MMSI Merit Medical Systems Inc. 0.35% 5,913 $553K Reduce -50.9%
LNT Alliant Energy Corp. 0.34% 9,114 $551K No change
IFS Intercorp Financial Services 0.34% 14,400 $549K No change
MCO Moody's Corp. 0.34% 1,089 $546K No change
MSGS Madison Square Garden Sports 0.34% 2,592 $542K No change
INVA Innoviva Inc. 0.34% 26,946 $541K No change
RLI Rli Corp. 0.34% 7,466 $539K No change
KNF Knife River Corp. 0.33% 6,537 $534K No change
YOU Clear Secure Inc. Class A 0.33% 19,068 $529K No change
OTTR Otter Tail Corp. 0.33% 6,854 $528K Reduce -54.6%
TPB Turning Point Brands Inc. 0.32% 6,815 $516K Reduce -31.2%
PEGA Pegasystems Inc. 0.32% 9,406 $509K Add +100.0%
CPRX Catalyst Pharmaceuticals Inc. 0.31% 22,804 $495K No change
RITM Rithm Capital Corp. 0.30% 43,000 $485K New
DAKT Daktronics Inc. 0.30% 32,081 $485K Reduce -8.0%
EHC Encompass Health Corp. 0.30% 3,901 $478K No change
MANH Manhattan Associates Inc. 0.30% 2,419 $478K No change
TR Tootsie Roll Inds 0.30% 14,132 $473K New

Show all 376 holdings

Other holdings (73): bonds, preferreds, convertibles and warrants · $3.8M (not counted above)
SecurityClassShares / PrincipalValueChange
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 102,000$155KAdd +37.8%
STRATEGY INC (MSTR 0.625 03/15/30) NOTE 0.625% 3/1 · principal 49,000$136KNo change
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 65,000$117KNo change
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 83,000$99KAdd +50.9%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 82,000$98KNew
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal 71,000$98KNew
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 35,000$97KNo change
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 45,000$93KNo change
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 77,000$90KNo change
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal 58,000$81KNew
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 74,000$75KNo change
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal 63,000$75KNew
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal 70,000$74KNew
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 65,000$74KNo change
VERINT SYSTEMS INC (VRNT 0.25 04/15/26) NOTE 0.250% 4/1 · principal 73,000$70KNo change
LYFT INC (LYFT 0.625 03/01/29) NOTE 0.625% 3/0 · principal 64,000$68KNo change
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal 56,000$67KNo change
IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) NOTE 1.500% 9/0 · principal 50,000$64KNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 47,000$61KNo change
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 43,000$60KNo change
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 60,000$60KNo change
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 41,000$58KNo change
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal 30,000$55KNew
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal 42,000$55KNew
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 52,000$53KNo change
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal 38,000$52KNew
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 45,000$51KNo change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 48,000$50KNew
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal 49,000$49KNo change
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal 46,000$49KNew
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal 58,000$49KNo change
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% · principal 1,857$48KNo change
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 50,000$47KNew
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 52,000$47KNo change
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 50,000$46KNo change
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 46,000$45KNo change
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal 47,000$45KNo change
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal 47,000$45KNew
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 42,000$45KNo change
ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) NOTE 7.500% 8/0 · principal 45,000$45KNo change
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) NOTE 2.250% 6/0 · principal 46,000$45KNew
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 40,000$44KNo change
PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) NOTE 2.125% 5/1 · principal 44,000$43KNew
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 47,000$43KNo change
VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) NOTE 1.625% 3/1 · principal 42,000$42KNo change
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 14,000$41KNo change
XOMETRY INC (XMTR 1 02/01/27) NOTE 1.000% 2/0 · principal 40,000$40KNo change
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 42,000$40KNo change
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 40,000$40KNo change
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal 41,000$40KNo change
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal 41,000$40KNo change
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal 41,000$39KNo change
KOSMOS ENERGY LTD (KOS 3.125 03/15/30) NOTE 3.125% 3/1 · principal 59,000$39KNo change
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 41,000$39KNo change
LIVANOVA PLC (LIVN 2.5 03/15/29) NOTE 2.500% 3/1 · principal 37,000$38KNo change
NEOGENOMICS INC (NEO 0.25 01/15/28) NOTE 0.250% 1/1 · principal 44,000$38KNo change
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal 21,000$37KNew
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 40,000$37KNo change
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal 37,000$37KNo change
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 40,000$37KNo change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 39,000$36KNo change
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 10,000$36KNo change
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 32,000$34KNo change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 35,000$33KNo change
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 36,000$31KNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 31,000$31KNo change
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 20,000$29KNo change
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal 19,000$20KNo change
WIX LTD (WIX 0 08/15/25) NOTE 8/1 · principal 20,000$20KNo change
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) NOTE 11/0 · principal 20,000$20KNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A · principal 1,150$785No change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A · principal 66$77No change
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L · principal 22$27No change

Total filed on the 13F, all lines: $163.6M.

Portfolio Sells Q1 2025 → Q2 2025
DXC DXC Technology Co. Reduce -93.3% 0.06% −0.93
SCS Steelcase Inc. Class A Reduce -89.8% 0.07% −0.74
DOLE Dole PLC Reduce -91.2% 0.06% −0.68
MMSI Merit Medical Systems Inc. Reduce -50.9% 0.35% −0.50
TWST Twist Bioscience Corp. Reduce -85.9% 0.07% −0.49
COLL Collegium Pharmaceutical Inc. Reduce -87.3% 0.07% −0.48
VIPS Vipshop Holdings Ltd. - ADR Reduce -65.0% 0.22% −0.48
OTTR Otter Tail Corp. Reduce -54.6% 0.33% −0.47
BRY Berry Corp. Reduce -91.1% 0.03% −0.44
MC Moelis & Co. Class A Sold out 0.00% −0.42
AAPL Apple Inc. Reduce -6.2% 1.85% −0.42
BHC Bausch Health Cos Inc. Sold out 0.00% −0.41
VLRS Controladora Vuela Cia-ADR Sold out 0.00% −0.41
RNG Ringcentral Inc. Class A Reduce -89.8% 0.05% −0.41
CTBI Community Trust Bancorp Inc. Reduce -82.5% 0.08% −0.40
TBCH Turtle Beach Corp. Reduce -75.9% 0.11% −0.39
CPB The Campbell's Company Sold out 0.00% −0.37
UNM Unum Group Sold out 0.00% −0.34
GLPI Gaming and Leisure Propertie Sold out 0.00% −0.33
ZION Zions Bancorp NA Reduce -86.0% 0.05% −0.33
GAP The Gap Inc. Reduce -84.6% 0.06% −0.32
SBH Sally Beauty Holdings Inc. Sold out 0.00% −0.30
KEX Kirby Corp. Sold out 0.00% −0.30
TMHC Taylor Morrison Home Corp. Reduce -62.3% 0.16% −0.29
ORGO Organogenesis Holdings Inc. Sold out 0.00% −0.28
REYN Reynolds Consumer Products I Sold out 0.00% −0.28
NXRT Nexpoint Residential Sold out 0.00% −0.28
VVX V2X Inc. Sold out 0.00% −0.25
FLO Flowers Foods Inc. Sold out 0.00% −0.25
PFBC Preferred Bank/Los Angeles Sold out 0.00% −0.25
JNJ Johnson & Johnson Sold out 0.00% −0.23
ORC Orchid Island Capital Inc. Sold out 0.00% −0.23
JBSS John B. Sanfilippo & Son Inc. Reduce -87.6% 0.03% −0.22
RUSHA Rush Enterprises Inc. Class A Sold out 0.00% −0.22
TDOC Teladoc Health Inc. Reduce -90.7% 0.02% −0.21
AMSF Amerisafe Inc. Sold out 0.00% −0.21
AB Alliancebernstein Holding LP Reduce -51.9% 0.19% −0.21
MBIN Merchants Bancorp Sold out 0.00% −0.21
MATX Matson Inc. Sold out 0.00% −0.20
MSI Motorola Solutions Inc. Reduce -49.9% 0.17% −0.20
VTR Ventas Inc. Reduce -50.0% 0.15% −0.20
SAFT Safety Insurance Group Inc. Reduce -56.4% 0.14% −0.20
JJSF J & J Snack Foods Corp. Reduce -61.3% 0.09% −0.19
BBSI Barrett Business SVCS Inc. Reduce -14.1% 0.87% −0.19
MBWM Mercantile Bank Corp. Reduce -87.6% 0.03% −0.18
UE Urban Edge Properties Sold out 0.00% −0.18
PG The Procter & Gamble Co. Sold out 0.00% −0.18
OBK Origin Bancorp Inc. Sold out 0.00% −0.18
OUT Outfront Media Inc. Sold out 0.00% −0.18
MDXG Mimedx Group Inc. Reduce -86.6% 0.02% −0.18

Portfolio Buys Q1 2025 → Q2 2025
HDB HDFC Bank Ltd.-ADR New 1.14% +1.14
AMBA Ambarella Inc. New 0.98% +0.98
AMSC American Superconductor Corp. New 0.57% +0.57
CRGY Crescent Energy Inc. Class A New 0.57% +0.57
CRUS Cirrus Logic Inc. New 0.56% +0.56
GDOT Green Dot Corp. Class A New 0.54% +0.54
ARW Arrow Electronics Inc. New 0.50% +0.50
LE Lands' End Inc. New 0.49% +0.49
SFM Sprouts Farmers Market Inc. Add +158.5% 0.72% +0.45
ANF Abercrombie & Fitch Co. Class A New 0.41% +0.41
NVDA Nvidia Corp. Add +4.7% 1.30% +0.40
WB Weibo Corp.-Spon ADR Add +90.1% 0.87% +0.39
ALHC Alignment Healthcare Inc. New 0.36% +0.36
OSPN Onespan Inc. New 0.36% +0.36
GMAB Genmab A/S -SP ADR New 0.36% +0.36
ACMR Acm Research Inc. Class A Add +203.8% 0.51% +0.35
RITM Rithm Capital Corp. New 0.30% +0.30
TR Tootsie Roll Inds New 0.30% +0.30
PLOW Douglas Dynamics Inc. New 0.28% +0.28
DBX Dropbox Inc. Class A Add +76.5% 0.64% +0.28
PAGS Pagseguro Digital Ltd. Class A New 0.27% +0.27
EVER Everquote Inc. Class A Add +172.8% 0.45% +0.26
META Meta Platforms Inc. Class A Add +61.0% 0.50% +0.24
POST Post Holdings Inc. New 0.24% +0.24
CGAU Centerra Gold Inc. Add +11.2% 3.42% +0.24
KLAC KLA Corp. New 0.22% +0.22
GRNT Granite Ridge Resources Inc. New 0.22% +0.22
CSTM Constellium SE New 0.22% +0.22
CGNT Cognyte Software Ltd. New 0.21% +0.21
AEP American Electric Power New 0.21% +0.21
ADUS Addus Homecare Corp. New 0.21% +0.21
JPM JPMorgan Chase & Co. Add +38.2% 0.56% +0.20
GOOGL Alphabet Inc. Class A Add +33.1% 0.57% +0.17
HRMY Harmony Biosciences Holdings Add +234.2% 0.25% +0.17
J Jacobs Solutions Inc. New 0.16% +0.16
CVSA Covista Inc. Add +9.3% 0.69% +0.16
ARWR Arrowhead Pharmaceuticals Inc. New 0.15% +0.15
LH Labcorp Holdings Inc. New 0.15% +0.15
D Dominion Energy Inc. New 0.15% +0.15
AMAT Applied Materials Inc. Add +180.2% 0.21% +0.15
ORCL Oracle Corp. New 0.14% +0.14
GNE Genie Energy Ltd. Class B New 0.14% +0.14
IDT Idt Corp. Class B New 0.14% +0.14
GE General Electric Add +58.8% 0.28% +0.13
OPRX Optimizerx Corp. New 0.13% +0.13
SLM SLM Corp. New 0.13% +0.13
WAY Waystar Holding Corp. New 0.13% +0.13
AVGO Broadcom Inc. Add +50.6% 0.22% +0.13
EBAY eBay Inc. New 0.13% +0.13
UPST Upstart Holdings Inc. Add +62.1% 0.23% +0.12

Notes & Other Activity Q1 2025 → Q2 2025
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal Add +37.8% 102,000 $155K
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal Sold out 42,000 $103Kbefore exit
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal Add +50.9% 83,000 $99K
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal New 82,000 $98K
UGI CORP (UGI 5 06/01/28) NOTE 5.000% 6/0 · principal New 71,000 $98K
PALO ALTO NETWORKS (PANW 0.375 06/01/25) NOTE 0.375% 6/0 · principal Sold out 25,000 $86Kbefore exit
SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) NOTE 3.500%12/0 · principal New 58,000 $81K
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal Sold out 61,000 $80Kbefore exit
HUBSPOT INC (HUBS 0.375 06/01/25) NOTE 0.375% 6/0 · principal Sold out 39,000 $78Kbefore exit
ITRON INC (ITRI 1.375 07/15/30) NOTE 1.375% 7/1 · principal New 63,000 $75K
BLACKLINE INC (BL 1 06/01/29) NOTE 1.000% 6/0 · principal New 70,000 $74K
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal Sold out 51,000 $67Kbefore exit
PELOTON INTERACTIVE INC (PTON 5.5 12/01/29) NOTE 5.500%12/0 · principal New 30,000 $55K
COINBASE GLOBAL INC (COIN 0.25 04/01/30) NOTE 0.250% 4/0 · principal New 42,000 $55K
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal Sold out 48,000 $55Kbefore exit
GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) NOTE 3.250% 6/1 · principal New 38,000 $52K
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal New 48,000 $50K
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal Sold out 21,000 $49Kbefore exit
GREENBRIER COS INC (GBX 2.875 04/15/28) NOTE 2.875% 4/1 · principal New 46,000 $49K
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal New 50,000 $47K
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) NOTE 6.000% 8/1 · principal Sold out 11,000 $45Kbefore exit
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal New 47,000 $45K
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) NOTE 2.250% 6/0 · principal New 46,000 $45K
PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) NOTE 2.125% 5/1 · principal New 44,000 $43K
NABORS INDUSTRIES INC (NBR 1.75 06/15/29) NOTE 1.750% 6/1 · principal Sold out 61,000 $41Kbefore exit
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal Sold out 45,000 $40Kbefore exit
SEA LTD (SEALTD 2.375 12/01/25) NOTE 2.375%12/0 · principal New 21,000 $37K
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal Sold out 27,000 $27Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 444$256.8MVUS, VDI, VEM, CGAU, BAP
Q1 2026 432$211.6MVUS, VDI, BAP, CGAU, VEM
Q4 2025 426$208.0MVUS, VDI, CGAU, BAP, HDB
Q3 2025Amended 403$177.9MSSRM, IBN, WB, CGAU, HDB
Q2 2025Amended 376$159.8MIBN, CGAU, VCLN, AAPL, MSFT
Q1 2025Amended 349$150.5MIBN, CGAU, AAPL, VCLN, MMYT
Q4 2024 461$244.5MOCCI, APP, PLTR, HYG, JNK
Q3 2024 453$213.5MOCCI, HYG, APP, TPVG, CEG
Q2 2024 447$203.8MOXFORD LANE CAP CORP, REGN, NVDA, VRTX, TPVG
Q1 2024 421$187.9MTCPC, FANG, OXFORD LANE CAP CORP, REGN, NVDA