Virtus Investment Advisers, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Virtus Investment Advisers, LLC reported 289 stock positions worth $124.1 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 3.0% of the portfolio, followed by Virtus Duff & Phelps Clean E (VCLN, 2.2%) and Apple (AAPL, 1.7%). Compared with Q3 2024, it opened 77 new positions, sold out of 54, added to 24 and reduced 46. The biggest buy was a new position in Globe Life (GL) and the biggest sale an exit from Janus Henderson Aaa Clo ETF (JAAA).

Most Recent 13F
Q2 2026
Location
HARTFORD, CT
CIK
0000019481
Portfolio Value
$124.1M (Q4 2024)
SEC Filing
0001591068-25-000005 ↗ filed Feb 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $136.5M Q1 2024 Q2 2024: $110.0M Q2 2024 Q3 2024: $123.7M Q3 2024 Q4 2024: $124.1M $124.1M Q4 2024 Q1 2025: $362.9M Q1 2025 Q2 2025: $295.8M Q2 2025 Q3 2025: $349.2M Q3 2025 Q4 2025: $367.9M Q4 2025 Q1 2026: $362.5M Q1 2026 Q2 2026: $429.2M Q2 2026

Holdings 289 stocks · $124.1M
IBN Icici Bank Ltd.-Spon ADR 3.02% 125,677 $3.8M No change
VCLN Virtus Duff & Phelps Clean E 2.21% 163,001 $2.7M Add +11.8%
AAPL Apple Inc. 1.66% 8,208 $2.1M Add +0.7%
MSFT Microsoft Corp. 1.63% 4,789 $2.0M No change
PRIM Primoris Services Corp. 1.50% 24,382 $1.9M Add +12.4%
FIX Comfort Systems USA Inc. 1.40% 4,086 $1.7M Add +99.4%
NVDA Nvidia Corp. 1.38% 12,774 $1.7M Reduce -4.3%
KNF Knife River Corp. 1.36% 16,546 $1.7M Reduce -8.8%
BBSI Barrett Business SVCS Inc. 1.34% 38,351 $1.7M Reduce -19.1%
VCYT Veracyte Inc. 1.30% 40,689 $1.6M Reduce -27.1%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 1.27% 42,806 $1.6M Add +13.8%
CVLT Commvault Systems Inc. 1.21% 9,980 $1.5M Reduce -19.6%
DOCU Docusign Inc. 1.15% 15,925 $1.4M Reduce -24.8%
TAC Transalta Corp. 1.11% 96,983 $1.4M No change
GL Globe Life Inc. 1.09% 12,173 $1.4M New
EME Emcor Group Inc. 1.06% 2,902 $1.3M No change
BKLN Invesco Senior Loan ETF 0.96% 56,622 $1.2M New
SCS Steelcase Inc. Class A 0.96% 100,856 $1.2M Add +35.2%
DXC DXC Technology Co. 0.95% 59,188 $1.2M New
ACM Aecom 0.91% 10,627 $1.1M New
HWC Hancock Whitney Corp. 0.88% 20,014 $1.1M No change
MMSI Merit Medical Systems Inc. 0.87% 11,192 $1.1M Add +45.8%
PAHC Phibro Animal Health Corp. Class A 0.84% 49,504 $1.0M Add +103.3%
MOG.A Moog Inc. Class A 0.78% 4,902 $965K Add +14.0%
TILE Interface Inc. 0.78% 39,520 $962K Add +58.1%
FTDR Frontdoor Inc. 0.77% 17,524 $958K No change
BL Blackline Inc. 0.75% 15,242 $926K No change
NI Nisource Inc. 0.73% 24,757 $910K Add +76.7%
GOOGL Alphabet Inc. Class A 0.71% 4,660 $882K Reduce -6.0%
RNG Ringcentral Inc. Class A 0.71% 25,000 $875K No change
AMZN Amazon.com Inc. 0.68% 3,839 $842K Add +9.1%
BRY Berry Corp. 0.67% 201,897 $834K New
RGA Reinsurance Group of America 0.65% 3,800 $812K No change
MTG Mgic Investment Corp. 0.65% 34,074 $808K No change
DCO Ducommun Inc. 0.65% 12,600 $802K New
PBH Prestige Consumer Healthcare 0.63% 10,063 $786K No change
CDNA Caredx Inc. 0.63% 36,338 $778K Reduce -7.9%
MANH Manhattan Associates Inc. 0.62% 2,831 $765K Reduce -27.0%
BHC Bausch Health Cos Inc. 0.60% 92,700 $747K New
AUPH Aurinia Pharmaceuticals Inc. 0.60% 82,828 $744K No change
PRGS Progress Software Corp. 0.59% 11,330 $738K No change
ACAD Acadia Pharmaceuticals Inc. 0.58% 39,370 $722K New
COLL Collegium Pharmaceutical Inc. 0.56% 24,446 $700K Add +11.3%
NXRT Nexpoint Residential 0.56% 16,700 $697K No change
ANIP Ani Pharmaceuticals Inc. 0.55% 12,319 $681K No change
TBCH Turtle Beach Corp. 0.54% 38,925 $674K Add +253.9%
PRSU Pursuit Attractions and Hosp filed as VIAD CORP 0.54% 15,711 $668K No change
CPT Camden Property Trust 0.53% 5,714 $663K No change
SSRM SSR Mining Inc. 0.51% 91,500 $637K No change
RLI Rli Corp. 0.50% 3,733 $615K No change
TMHC Taylor Morrison Home Corp. 0.48% 9,707 $594K Reduce -64.5%
MSI Motorola Solutions Inc. 0.48% 1,282 $593K Reduce -9.2%
OGE Oge Energy Corp. 0.47% 14,274 $589K No change
MTZ Mastec Inc. 0.47% 4,306 $586K Add +164.2%
DBX Dropbox Inc. Class A 0.47% 19,500 $586K No change
MSGS Madison Square Garden Sports 0.47% 2,592 $585K No change
CPB The Campbell's Company 0.47% 13,915 $583K New
CASY Casey's General Stores Inc. 0.47% 1,467 $581K No change
LNT Alliant Energy Corp. 0.47% 9,789 $579K New
EVRG Evergy Inc. 0.47% 9,405 $579K New
DRS Leonardo DRS Inc. 0.46% 17,710 $572K New
NTRA Natera Inc. 0.46% 3,566 $564K No change
GAP The Gap Inc. 0.45% 23,837 $563K New
MO Altria Group Inc. 0.45% 10,760 $563K Add +97.4%
AB Alliancebernstein Holding LP 0.45% 15,000 $556K New
LOPE Grand Canyon Education Inc. 0.45% 3,396 $556K No change
ACA Arcosa Inc. 0.44% 5,700 $551K No change
ADC Agree Realty Corp. 0.44% 7,815 $551K New
VLRS Controladora Vuela Cia-ADR 0.44% 73,731 $549K New
IDA Idacorp Inc. 0.44% 5,005 $547K No change
NBIX Neurocrine Biosciences Inc. 0.44% 3,985 $544K No change
SXC Suncoke Energy Inc. 0.43% 49,700 $532K New
TPB Turning Point Brands Inc. 0.43% 8,800 $529K New
CTBI Community Trust Bancorp Inc. 0.42% 9,880 $524K New
SAFT Safety Insurance Group Inc. 0.42% 6,345 $523K No change
AIR Aar Corp. 0.42% 8,477 $519K New
MCO Moody's Corp. 0.42% 1,089 $516K Add +109.4%
PM Philip Morris International 0.41% 4,247 $511K Add +84.9%
GVA Granite Construction Inc. 0.41% 5,800 $509K New
DAKT Daktronics Inc. 0.41% 30,030 $506K No change
BECN Beacon Roofing Supply Inc. 0.41% 4,980 $506K Reduce -18.4%
JJSF J & J Snack Foods Corp. 0.40% 3,218 $499K No change
GIII G-III Apparel Group Ltd. 0.39% 15,000 $489K No change
PRDO Perdoceo Education Corp. 0.39% 18,204 $482K No change
CHGG Chegg Inc. 0.39% 297,584 $479K New
TCMD Tactile Systems Technology I 0.39% 27,931 $478K Add +74.6%
REYN Reynolds Consumer Products I 0.39% 17,702 $478K No change
GLPI Gaming and Leisure Propertie 0.38% 9,892 $476K New
HNI Hni Corp. 0.38% 9,450 $476K Reduce -55.5%
CTAS Cintas Corp. 0.38% 2,604 $476K No change
CHE Chemed Corp. 0.38% 895 $474K No change
CRNC Cerence Inc. 0.38% 60,000 $471K No change
META Meta Platforms Inc. Class A 0.38% 801 $469K No change
INTA Intapp Inc. 0.38% 7,280 $467K No change
KEX Kirby Corp. 0.38% 4,400 $466K Reduce -69.0%
VTR Ventas Inc. 0.37% 7,800 $459K Add +100.0%
JBSS John B. Sanfilippo & Son Inc. filed as SANFILIPPO JOHN B & SON INC 0.37% 5,239 $456K No change
CALM Cal-Maine Foods Inc. 0.37% 4,407 $454K No change
WWW Wolverine World Wide Inc. 0.36% 20,100 $446K No change
YOU Clear Secure Inc. Class A 0.36% 16,737 $446K Reduce -26.0%
UNM Unum Group 0.36% 6,105 $446K No change
VSXY Victoria's Secret & Co. 0.36% 10,686 $443K No change
EXEL Exelixis Inc. 0.35% 13,000 $433K No change
CPRX Catalyst Pharmaceuticals Inc. 0.35% 20,713 $432K No change
SEIC Sei Investments Company 0.34% 5,100 $421K New
TWST Twist Bioscience Corp. 0.34% 9,004 $418K No change
LRN Stride Inc. 0.34% 4,000 $416K No change
AGYS Agilysys Inc. 0.33% 3,102 $409K No change
FLO Flowers Foods Inc. 0.33% 19,748 $408K No change
FBP First Bancorp Puerto Rico 0.31% 21,000 $390K No change
STRA Strategic Education Inc. 0.30% 4,034 $377K Reduce -19.9%
V Visa Inc. Class A 0.30% 1,192 $377K Reduce -14.4%
AWR American States Water Co. filed as AMER STATES WTR CO 0.30% 4,803 $373K No change
PFBC Preferred Bank/Los Angeles 0.29% 4,238 $366K Reduce -44.5%
UIS Unisys Corp. 0.29% 57,500 $364K New
GCO Genesco Inc. 0.29% 8,446 $361K New
KN Knowles Corp. 0.29% 18,100 $361K No change
EHC Encompass Health Corp. 0.29% 3,901 $360K No change
FLS Flowserve Corp. 0.29% 6,260 $360K No change
DECK Deckers Outdoor Corp. 0.29% 1,767 $359K Reduce -46.3%
PEGA Pegasystems Inc. 0.29% 3,836 $358K No change
PNW Pinnacle West Capital 0.28% 4,145 $351K No change
ANF Abercrombie & Fitch Co. Class A 0.28% 2,322 $347K No change
BCC Boise Cascade Co. 0.27% 2,833 $337K Reduce -13.7%
MDXG Mimedx Group Inc. 0.27% 34,846 $335K New
PGR Progressive Corp. 0.27% 1,390 $333K No change
UPST Upstart Holdings Inc. 0.27% 5,400 $332K New
OSUR Orasure Technologies Inc. 0.27% 91,900 $332K No change
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 0.27% 3,279 $330K Reduce -18.8%
RUSHA Rush Enterprises Inc. Class A 0.26% 5,949 $326K No change
R Ryder System Inc. 0.26% 2,068 $324K Reduce -66.4%
MATX Matson Inc. 0.26% 2,400 $324K No change
INVA Innoviva Inc. 0.26% 18,458 $320K No change
ONL Orion Properties Inc. filed as ORION OFFICE REIT INC 0.25% 84,700 $314K No change
EXP Eagle Materials Inc. 0.25% 1,270 $313K Reduce -36.5%
OTTR Otter Tail Corp. 0.25% 4,184 $309K No change
NOW ServiceNow Inc. 0.25% 290 $307K Add +314.3%
EIG Employers Holdings Inc. 0.25% 5,988 $307K No change
AMSF Amerisafe Inc. 0.24% 5,898 $304K No change
UE Urban Edge Properties 0.24% 14,000 $301K New
OSIS Osi Systems Inc. 0.24% 1,796 $301K No change
ROP Roper Technologies Inc. 0.24% 564 $293K No change
SLVM Sylvamo Corp. 0.24% 3,700 $292K No change
RDN Radian Group Inc. 0.23% 9,192 $292K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.23% 3,700 $284K No change
BY Byline Bancorp Inc. 0.23% 9,780 $284K No change
QCRH QCR Holdings Inc. 0.23% 3,500 $282K New
COR Cencora Inc. 0.23% 1,244 $280K Reduce -64.9%
GM General Motors Co. 0.22% 5,233 $279K No change
HIG Hartford Insurance Group Inc. 0.22% 2,512 $275K No change
SPGI S&P Global Inc. 0.22% 550 $274K No change
AMRX Amneal Pharmaceuticals Inc. 0.22% 34,510 $273K No change
WMK Weis Markets Inc. filed as WEIS MKTS INC 0.22% 4,022 $272K No change
PG The Procter & Gamble Co. 0.22% 1,618 $271K No change
CBRE CBRE Group Inc. Class A 0.22% 2,040 $268K No change
BFAM Bright Horizons Family Solut 0.22% 2,413 $267K No change
BRK.B Berkshire Hathaway Inc. Class B 0.22% 590 $267K No change
MHO M/I Homes Inc. 0.21% 2,000 $266K Reduce -56.5%
KMB Kimberly-Clark Corp. 0.21% 2,016 $264K Reduce -48.1%
VCEL Vericel Corp. 0.21% 4,760 $261K No change
ADMA Adma Biologics Inc. 0.21% 14,980 $257K Reduce -80.8%
STT State Street Corp. 0.21% 2,600 $255K Add +30.0%
SYF Synchrony Financial 0.20% 3,901 $254K No change
NOC Northrop Grumman Corp. 0.20% 539 $253K Reduce -27.1%
FOXA Fox Corp. Class A 0.20% 5,165 $251K New
ANET Arista Networks Inc. 0.20% 2,269 $251K New
SPG Simon Property Group Inc. 0.20% 1,450 $250K New
FHI Federated Hermes Inc. 0.20% 6,064 $249K No change
LII Lennox International Inc. 0.20% 408 $249K No change
OUT Outfront Media Inc. 0.20% 13,744 $244K No change
OC Owens Corning 0.19% 1,419 $242K No change
FMS Fresenius Medical Care-ADR 0.19% 10,600 $240K No change
ADBE Adobe Inc. 0.19% 537 $239K Reduce -35.8%
EA Electronic Arts Inc. 0.19% 1,630 $238K Add +87.4%
ABM Abm Industries Inc. 0.19% 4,600 $235K No change
PDS Precision Drilling Corp. 0.19% 3,850 $235K No change
NXT Nextpower Inc. filed as NEXTRACKER INC 0.19% 6,400 $234K New
CCSI Consensus Cloud Solution 0.19% 9,791 $234K Reduce -33.3%
PCG P G & E Corp. 0.19% 11,383 $230K No change
WMT Walmart Inc. 0.19% 2,542 $230K No change
AFL Aflac Inc. 0.18% 2,200 $228K No change
AMPH Amphastar Pharmaceuticals Inc. 0.18% 6,109 $227K No change
UTL Unitil Corp. 0.18% 4,177 $226K No change
DY Dycom Industries Inc. 0.18% 1,300 $226K No change
MCS Marcus Corporation 0.18% 10,500 $226K New
SUN Sunoco LP 0.18% 4,380 $225K No change
PKG Packaging Corp. of America 0.18% 1,000 $225K New
VVX V2X Inc. 0.18% 4,700 $225K New
JPM JPMorgan Chase & Co. 0.18% 919 $220K No change
GOOG Alphabet Inc. Class C 0.18% 1,150 $219K No change
LRCX Lam Research Corp. 0.17% 3,000 $217K No change
TRGP Targa Resources Corp. 0.17% 1,200 $214K New
XPER Xperi Inc. 0.17% 20,650 $212K New
CBOE Cboe Global Markets Inc. 0.17% 1,085 $212K No change
IONQ Ionq Inc. 0.17% 4,999 $209K New
CPF Central Pacific Financial Co. 0.17% 7,169 $208K No change
MZTI The Marzetti Company filed as LANCASTER COLONY CORP 0.17% 1,188 $206K No change
AMAL Amalgamated Financial Corp. 0.16% 6,100 $204K No change
TSLA Tesla Inc. 0.16% 500 $202K New
SIBN Si-Bone Inc. 0.16% 13,950 $196K New
BLK BlackRock Inc. 0.16% 190 $195K New
WM Waste Management Inc. 0.15% 945 $191K No change
KLAC KLA Corp. 0.15% 300 $189K No change
MEI Methode Electronics Inc. 0.15% 16,000 $189K New
BAND Bandwidth Inc. Class A 0.14% 10,500 $179K New
BRO Brown & Brown Inc. 0.14% 1,724 $176K No change
ZETA Zeta Global Holdings Corp. Class A 0.14% 9,637 $173K Reduce -79.2%
GIL Gildan Activewear Inc. 0.14% 3,679 $173K New
MAX Mediaalpha Inc. Class A 0.14% 15,198 $172K New
INGR Ingredion Inc. 0.14% 1,240 $171K New
MCK McKesson Corp. 0.14% 298 $170K No change
SMAR Smartsheet Inc. Class A 0.14% 3,000 $168K Reduce -65.5%
ZTS Zoetis Inc. 0.14% 1,030 $168K No change
SLGN Silgan Holdings Inc. 0.13% 3,190 $166K No change
VLTO Veralto Corp. 0.13% 1,600 $163K New
PATH Uipath Inc. Class A 0.13% 12,600 $160K New
HSTM Healthstream Inc. 0.13% 5,015 $159K No change
APP AppLovin Corp. Class A 0.13% 490 $159K New
DVA Davita Inc. 0.13% 1,058 $158K Reduce -39.6%
ORGO Organogenesis Holdings Inc. 0.13% 49,000 $157K New
LLY Eli Lilly & Co. 0.12% 200 $154K New
XOM Exxon Mobil Corp. 0.12% 1,400 $151K New
ORCL Oracle Corp. 0.12% 900 $150K New
LDOS Leidos Holdings Inc. 0.12% 1,040 $150K Reduce -32.5%
UNTY Unity Bancorp Inc. 0.12% 3,400 $148K New
WSM Williams-Sonoma Inc. 0.12% 800 $148K No change
FOLD Amicus Therapeutics Inc. 0.11% 15,100 $142K New
FIS Fidelity National Info Serv 0.11% 1,732 $140K No change
CMI Cummins Inc. 0.11% 400 $139K No change
FMNB Farmers Natl Banc Corp. 0.11% 9,800 $139K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.11% 1,142 $138K No change
PPC Pilgrim's Pride Corp. 0.11% 3,000 $136K No change
ADP Automatic Data Processing 0.11% 459 $134K No change
BSX Boston Scientific Corp. 0.11% 1,460 $130K New
BFST Business First Bancshares 0.10% 5,000 $129K New
CAT Caterpillar Inc. 0.10% 350 $127K Reduce -42.6%
MET Metlife Inc. 0.10% 1,540 $126K No change
SMBK Smartfinancial Inc. 0.10% 4,000 $124K New
HRMY Harmony Biosciences Holdings 0.10% 3,600 $124K New
EQH Equitable Holdings Inc. 0.10% 2,600 $123K New
PCRX Pacira Biosciences Inc. 0.10% 6,500 $122K No change
OOMA Ooma Inc. 0.10% 8,601 $121K No change
VST Vistra Corp. 0.10% 871 $120K Reduce -42.4%
KR Kroger Co. 0.09% 1,925 $118K No change
LMT Lockheed Martin Corp. 0.09% 240 $117K Reduce -55.6%
NTAP Netapp Inc. 0.09% 1,000 $116K Reduce -76.7%
DGICA Donegal Group Inc. Class A 0.09% 7,437 $115K No change
VYGR Voyager Therapeutics Inc. 0.09% 20,105 $114K Add +59.0%
CGAU Centerra Gold Inc. 0.09% 20,000 $114K No change
OHI Omega Healthcare Investors 0.09% 2,971 $112K New
SLRN Acelyrin Inc. 0.09% 35,700 $112K No change
L Loews Corp. 0.09% 1,316 $111K No change
AMAT Applied Materials Inc. 0.09% 666 $108K No change
EB Eventbrite Inc. Class A 0.09% 32,200 $108K New
BLKB Blackbaud Inc. 0.09% 1,450 $107K No change
HALO Halozyme Therapeutics Inc. 0.08% 2,196 $105K Reduce -44.1%
MMM 3M Co. 0.08% 794 $102K No change
CYH Community Health Systems Inc. 0.08% 33,868 $101K No change
BLZE Backblaze Inc. Class A 0.08% 16,817 $101K New
WELL Welltower Inc. 0.08% 785 $99K New
BSVN BANK7 Corp. 0.08% 2,100 $98K New
HCA HCA Healthcare Inc. 0.08% 318 $95K Reduce -50.2%
FBIZ First Business Financial Ser 0.08% 2,050 $95K New
PINE Alpine Income Property Trust 0.08% 5,600 $94K New
CHRW C.H. Robinson Worldwide Inc. 0.07% 900 $93K New
POST Post Holdings Inc. filed as POST HLDGS INC 0.07% 810 $93K No change
QCOM Qualcomm Inc. 0.07% 602 $92K No change
FIZZ National Beverage Corp. 0.07% 2,100 $90K No change
NGVC Natural Grocers BY Vitamin C 0.07% 2,243 $89K Reduce -47.1%
ED Consolidated Edison Inc. 0.07% 971 $87K No change
PMTS Cpi Card Group Inc. 0.07% 2,818 $84K New
CRM Salesforce Inc. 0.07% 248 $83K No change
DBD Diebold Nixdorf Inc. 0.07% 1,898 $82K New
YUMC Yum China Holdings Inc. 0.06% 1,600 $77K New
CLX Clorox Company 0.06% 470 $76K New
OKE Oneok Inc. 0.06% 740 $74K No change
TEAM Atlassian Corp. Class A 0.06% 300 $73K New
AVGO Broadcom Inc. 0.05% 287 $67K Reduce -68.5%
MS Morgan Stanley 0.05% 500 $63K New
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 0.05% 1,600 $61K New
BAH Booz Allen Hamilton Holdings 0.05% 467 $60K No change
GE General Electric filed as GE AEROSPACE 0.05% 358 $60K No change
DUK Duke Energy Corp. 0.05% 535 $58K No change
MRSH Marsh & McLennan Cos 0.05% 266 $57K No change
TALO Talos Energy Inc. 0.02% 2,973 $29K No change
MAR Marriott International Class A 0.01% 30 $8K Reduce -95.9%
ABBV Abbvie Inc. 0.01% 44 $8K Reduce -94.8%
JNJ Johnson & Johnson 0.00% 19 $3K Reduce -98.1%
MRK Merck & Co. Inc. 0.00% 13 $1K Reduce -99.6%
Other holdings (71): bonds, preferreds, convertibles and warrants · $3.5M (not counted above)
SecurityClassShares / PrincipalValueChange
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 42,000$111KAdd +121.0%
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) NOTE 6.000% 8/1 · principal 22,000$102KReduce -26.7%
HUBSPOT INC (HUBS 0.375 06/01/25) NOTE 0.375% 6/0 · principal 39,000$96KAdd +21.9%
PALO ALTO NETWORKS (PANW 0.375 06/01/25) NOTE 0.375% 6/0 · principal 25,000$91KNo change
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal 61,000$91KReduce -20.8%
GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) NOTE 3.750% 5/1 · principal 45,000$88KNo change
DATADOG INC (DDOG 0.125 06/15/25) NOTE 0.125% 6/1 · principal 56,000$87KNo change
MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal 42,000$87KAdd +180.0%
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal 77,000$84KNew
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 66$79KNo change
SEAGATE HDD CAYMAN (STX 3.5 06/01/28) NOTE 3.500% 6/0 · principal 65,000$78KNo change
STRIDE INC (LRN 1.125 09/01/27) NOTE 1.125% 9/0 · principal 35,000$71KNo change
INTERDIGITAL INC (IDCC 3.5 06/01/27) NOTE 3.500% 6/0 · principal 28,000$70KNo change
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 65,000$70KAdd +71.0%
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal 60,000$70KNew
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 1,150$70KNew
NCL CORPORATION LTD (NCLH 5.375 08/01/25) NOTE 5.375% 8/0 · principal 48,000$68KNo change
VERINT SYSTEMS INC (VRNT 0.25 04/15/26) NOTE 0.250% 4/1 · principal 73,000$68KNo change
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal 56,000$67KNo change
ZSCALER INC. (ZS 0.125 07/01/25) NOTE 0.125% 7/0 · principal 51,000$63KNo change
VENTAS REALTY LP (VTR 3.75 06/01/26) NOTE 3.750% 6/0 · principal 55,000$63KNo change
SPOTIFY USA INC (SPOT 0 03/15/26) NOTE 3/1 · principal 52,000$55KNo change
INSULET CORPORATION (PODD 0.375 09/01/26) NOTE 0.375% 9/0 · principal 43,000$54KNo change
NCL CORPORATION LTD (NCLH 2.5 02/15/27) NOTE 2.500% 2/1 · principal 49,000$51KNo change
ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) NOTE 1.000% 9/1 · principal 47,000$50KNo change
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal 41,000$50KAdd +86.4%
BANDWIDTH INC (BAND 0.5 04/01/28) NOTE 0.500% 4/0 · principal 58,000$46KNo change
NRG ENERGY INC (NRG 2.75 06/01/48) DBCV 2.750% 6/0 · principal 21,000$46KNo change
LCI INDUSTRIES (LCII 1.125 05/15/26) NOTE 1.125% 5/1 · principal 47,000$46KNo change
DROPBOX INC (DBX 0 03/01/26) NOTE 3/0 · principal 46,000$45KNo change
CSG SYSTEMS INTERNATIONA (CSGS 3.875 09/15/28) NOTE 3.875% 9/1 · principal 45,000$45KNo change
NABORS INDUSTRIES INC (NBR 1.75 06/15/29) NOTE 1.750% 6/1 · principal 61,000$44KNo change
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 50,000$44KNo change
GUARDANT HEALTH INC (GH 0 11/15/27) NOTE 11/1 · principal 52,000$44KNo change
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 42,000$43KNo change
IMPINJ INC (PI 1.125 05/15/27) NOTE 1.125% 5/1 · principal 30,000$43KNo change
XOMETRY INC (XMTR 1 02/01/27) NOTE 1.000% 2/0 · principal 40,000$42KNew
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal 40,000$42KAdd +100.0%
ITRON INC (ITRI 0 03/15/26) NOTE 3/1 · principal 39,000$40KNo change
DAYFORCE INC (DAY 0.25 03/15/26) NOTE 0.250% 3/1 · principal 41,000$39KNo change
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal 40,000$39KNew
RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 42,000$39KNo change
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 45,000$39KNo change
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 38,000$39KReduce -22.4%
AFFIRM HOLDINGS INC (AFRM 0 11/15/26) NOTE 11/1 · principal 43,000$39KNo change
ALARM.COM HLDGS INC (ALRM 0 01/15/26) NOTE 1/1 · principal 41,000$39KNo change
EPR PROPERTIES (EPR 5.75 PERP C) PFD C CV 5.75% 1,857$39KNo change
HAEMONETICS CORP (HAE 0 03/01/26) NOTE 3/0 · principal 41,000$39KNo change
NUVASIVE INC (GMED 0.375 03/15/25) NOTE 0.375% 3/1 · principal 39,000$39KNo change
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 41,000$38KNo change
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal 40,000$38KNew
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal 37,000$37KNew
NEOGENOMICS INC (NEO 0.25 01/15/28) NOTE 0.250% 1/1 · principal 44,000$37KNo change
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal 47,000$36KNew
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 40,000$36KNew
EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) NOTE 0.750% 3/1 · principal 36,000$36KNo change
BLOCK INC (XYZ 0.125 03/01/25) NOTE 0.125% 3/0 · principal 35,000$35KNo change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 39,000$35KNo change
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 31,000$34KNew
STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) NOTE 6.750% 7/1 · principal 32,000$33KNo change
BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) NOTE 1.250% 5/1 · principal 35,000$32KNo change
GUIDEWIRE SOFTWARE INC (GWRE 1.25 03/15/25) NOTE 1.250% 3/1 · principal 20,000$30KNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal 27,000$29KNew
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 22$27KNo change
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal 10,000$26KReduce -61.5%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal 20,000$22KNew
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal 19,000$20KReduce -51.3%
WIX LTD (WIX 0 08/15/25) NOTE 8/1 · principal 20,000$19KNo change
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25) NOTE 11/0 · principal 20,000$19KNo change
VARONIS SYSTEM INC (VRNS 1.25 08/15/25) NOTE 1.250% 8/1 · principal 12,000$17KNo change
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 12,000$12KNo change

Total filed on the 13F, all lines: $127.6M.

Portfolio Sells Q3 2024 → Q4 2024
JAAA Janus Henderson Aaa Clo ETF Sold out 0.00% −1.77
TMHC Taylor Morrison Home Corp. Reduce -64.5% 0.48% −1.07
ADMA Adma Biologics Inc. Reduce -80.8% 0.21% −1.05
KEX Kirby Corp. Reduce -69.0% 0.38% −1.03
ZETA Zeta Global Holdings Corp. Class A Reduce -79.2% 0.14% −0.98
KBH KB Home Sold out 0.00% −0.86
PLYM Plymouth Industrial REIT Inc. Sold out 0.00% −0.65
GFF Griffon Corp. Sold out 0.00% −0.62
BPOP Popular Inc. Sold out 0.00% −0.62
BANCOLOMBIA S.A.-SPONS ADR Sold out 0.00% −0.62
BLBD Blue Bird Corp. Sold out 0.00% −0.62
HNI Hni Corp. Reduce -55.5% 0.38% −0.54
UCTT Ultra Clean Holdings Inc. Sold out 0.00% −0.53
PHM Pultegroup Inc. Sold out 0.00% −0.49
TRIN Trinity Capital Inc. Sold out 0.00% −0.48
CHD Church & Dwight Co. Inc. Sold out 0.00% −0.47
R Ryder System Inc. Reduce -66.4% 0.26% −0.46
FWONA Liberty Media Corp. Class A Sold out 0.00% −0.46
MHO M/I Homes Inc. Reduce -56.5% 0.21% −0.42
COR Cencora Inc. Reduce -64.9% 0.23% −0.42
MPLX MPLX LP Sold out 0.00% −0.42
AMWD American Woodmark Corp. Sold out 0.00% −0.39
GBDC Golub Capital BDC Inc. Sold out 0.00% −0.38
HEI Heico Corp. Sold out 0.00% −0.38
CDNA Caredx Inc. Reduce -7.9% 0.63% −0.37
ZUO Zuora Inc. Class A Sold out 0.00% −0.35
PETQ Petiq Inc. Sold out 0.00% −0.34
CI The Cigna Group Sold out 0.00% −0.34
NTAP Netapp Inc. Reduce -76.7% 0.09% −0.34
CVLT Commvault Systems Inc. Reduce -19.6% 1.21% −0.33
TTEK Tetra Tech Inc. Sold out 0.00% −0.32
MRK Merck & Co. Inc. Reduce -99.6% 0.00% −0.28
AHCO Adapthealth Corp. Sold out 0.00% −0.28
SFIX Stitch Fix Inc. Class A Sold out 0.00% −0.27
MANH Manhattan Associates Inc. Reduce -27.0% 0.62% −0.27
CCRN Cross Country Healthcare Inc. Sold out 0.00% −0.26
SMAR Smartsheet Inc. Class A Reduce -65.5% 0.14% −0.25
YOU Clear Secure Inc. Class A Reduce -26.0% 0.36% −0.25
ACLS Axcelis Technologies Inc. Sold out 0.00% −0.24
NVR NVR Inc. Sold out 0.00% −0.24
VCYT Veracyte Inc. Reduce -27.1% 1.30% −0.24
GNW Genworth Financial Inc. Sold out 0.00% −0.23
KMB Kimberly-Clark Corp. Reduce -48.1% 0.21% −0.23
UMH Umh Properties Inc. Sold out 0.00% −0.23
UFPI Ufp Industries Inc. Sold out 0.00% −0.23
CL Colgate-Palmolive Co. Sold out 0.00% −0.21
BBY Best Buy Co. Inc. Sold out 0.00% −0.21
EXP Eagle Materials Inc. Reduce -36.5% 0.25% −0.21
EXAS Exact Sciences Corp. Sold out 0.00% −0.21
MAIN Main Street Capital Corp. Sold out 0.00% −0.21

Portfolio Buys Q3 2024 → Q4 2024
GL Globe Life Inc. New 1.09% +1.09
BKLN Invesco Senior Loan ETF New 0.96% +0.96
DXC DXC Technology Co. New 0.95% +0.95
ACM Aecom New 0.91% +0.91
FIX Comfort Systems USA Inc. Add +99.4% 1.40% +0.75
BRY Berry Corp. New 0.67% +0.67
DCO Ducommun Inc. New 0.65% +0.65
BHC Bausch Health Cos Inc. New 0.60% +0.60
ACAD Acadia Pharmaceuticals Inc. New 0.58% +0.58
PRIM Primoris Services Corp. Add +12.4% 1.50% +0.48
CPB The Campbell's Company New 0.47% +0.47
LNT Alliant Energy Corp. New 0.47% +0.47
EVRG Evergy Inc. New 0.47% +0.47
DRS Leonardo DRS Inc. New 0.46% +0.46
GAP The Gap Inc. New 0.45% +0.45
AB Alliancebernstein Holding LP New 0.45% +0.45
ADC Agree Realty Corp. New 0.44% +0.44
VLRS Controladora Vuela Cia-ADR New 0.44% +0.44
SXC Suncoke Energy Inc. New 0.43% +0.43
TPB Turning Point Brands Inc. New 0.43% +0.43
CTBI Community Trust Bancorp Inc. New 0.42% +0.42
AIR Aar Corp. New 0.42% +0.42
GVA Granite Construction Inc. New 0.41% +0.41
TBCH Turtle Beach Corp. Add +253.9% 0.54% +0.41
PAHC Phibro Animal Health Corp. Class A Add +103.3% 0.84% +0.39
TILE Interface Inc. Add +58.1% 0.78% +0.39
CHGG Chegg Inc. New 0.39% +0.39
GLPI Gaming and Leisure Propertie New 0.38% +0.38
NI Nisource Inc. Add +76.7% 0.73% +0.34
SEIC Sei Investments Company New 0.34% +0.34
MTZ Mastec Inc. Add +164.2% 0.47% +0.31
UIS Unisys Corp. New 0.29% +0.29
GCO Genesco Inc. New 0.29% +0.29
MDXG Mimedx Group Inc. New 0.27% +0.27
UPST Upstart Holdings Inc. New 0.27% +0.27
MMSI Merit Medical Systems Inc. Add +45.8% 0.87% +0.26
UE Urban Edge Properties New 0.24% +0.24
MO Altria Group Inc. Add +97.4% 0.45% +0.23
QCRH QCR Holdings Inc. New 0.23% +0.23
MCO Moody's Corp. Add +109.4% 0.42% +0.22
FOXA Fox Corp. Class A New 0.20% +0.20
ANET Arista Networks Inc. New 0.20% +0.20
SPG Simon Property Group Inc. New 0.20% +0.20
NOW ServiceNow Inc. Add +314.3% 0.25% +0.20
TCMD Tactile Systems Technology I Add +74.6% 0.39% +0.20
NXT Nextpower Inc. New 0.19% +0.19
PM Philip Morris International Add +84.9% 0.41% +0.19
MCS Marcus Corporation New 0.18% +0.18
PKG Packaging Corp. of America New 0.18% +0.18
VVX V2X Inc. New 0.18% +0.18

Notes & Other Activity Q3 2024 → Q4 2024
BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal Add +121.0% 42,000 $111K
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) NOTE 6.000% 8/1 · principal Reduce -26.7% 22,000 $102K
HUBSPOT INC (HUBS 0.375 06/01/25) NOTE 0.375% 6/0 · principal Add +21.9% 39,000 $96K
BURLINGTON STORES INC (BURL 1.25 12/15/27) NOTE 1.250%12/1 · principal Reduce -20.8% 61,000 $91K
MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal Add +180.0% 42,000 $87K
EVERGY INC (EVRG 4.5 12/15/27) NOTE 4.500%12/1 · principal New 77,000 $84K
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal Sold out 61,000 $80Kbefore exit
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal Add +71.0% 65,000 $70K
AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) NOTE 6.500% 7/0 · principal New 60,000 $70K
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 1,150 $70K
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal Sold out 60,000 $63Kbefore exit
FLUOR CORP (FLR 1.125 08/15/29) NOTE 1.125% 8/1 · principal Sold out 44,000 $54Kbefore exit
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) NOTE 3.875% 8/1 · principal Sold out 53,000 $50Kbefore exit
NUTANIX INC (NTNX 0.25 10/01/27) NOTE 0.250%10/0 · principal Add +86.4% 41,000 $50K
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal Sold out 40,000 $48Kbefore exit
SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) NOTE 12/1 · principal Sold out 38,000 $46Kbefore exit
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal Sold out 45,000 $45Kbefore exit
OKTA INC (OKTA 0.375 06/15/26) NOTE 0.375% 6/1 · principal Sold out 46,000 $42Kbefore exit
XOMETRY INC (XMTR 1 02/01/27) NOTE 1.000% 2/0 · principal New 40,000 $42K
SOUTHERN CO (SO 3.875 12/15/25) NOTE 3.875%12/1 · principal Add +100.0% 40,000 $42K
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal Sold out 30,000 $40Kbefore exit
BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal Sold out 45,000 $40Kbefore exit
ZIFF DAVIS INC (ZD 3.625 03/01/28) DEBT 3.625% 3/0 · principal New 40,000 $39K
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal Reduce -22.4% 38,000 $39K
INNOVIVA INC (INVA 2.125 03/15/28) NOTE 2.125% 3/1 · principal New 40,000 $38K
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal Sold out 38,000 $37Kbefore exit
NEW MOUNTAIN FINANCE COR (NMFC 7.5 10/15/25) NOTE 7.500%10/1 · principal New 37,000 $37K
UPWORK INC (UPWK 0.25 08/15/26) NOTE 0.250% 8/1 · principal Sold out 40,000 $36Kbefore exit
HERBALIFE LTD (HLF 4.25 06/15/28) NOTE 4.250% 6/1 · principal New 47,000 $36K
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal New 40,000 $36K
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal New 31,000 $34K
OMNICELL INC (OMCL 0.25 09/15/25) NOTE 0.250% 9/1 · principal Sold out 35,000 $33Kbefore exit
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal New 27,000 $29K
AXON ENTERPRISE INC (AXON 0.5 12/15/27) NOTE 0.500%12/1 · principal Reduce -61.5% 10,000 $26K
CYBERARK SOFTWARE LTD (CYBR 0 11/15/24) NOTE 11/1 · principal Sold out 12,000 $22Kbefore exit
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) NOTE 0.875%12/0 · principal New 20,000 $22K
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal Sold out 14,000 $22Kbefore exit
COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) NOTE 2.875% 2/1 · principal Reduce -51.3% 19,000 $20K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 463$429.2MMU, DDOG, MRVL, INCY, AMAT
Q1 2026 450$362.5MGILD, AMGN, REGN, IBRX, VRTX
Q4 2025 461$367.9MINCY, MU, NEM, EXPD, CMI
Q3 2025 439$349.2MAPP, TSLA, LRCX, HOOD, EA
Q2 2025 439$295.8MORCL, OCCI, VST, RCL, INCY
Q1 2025 469$362.9MVABS, VSHY, SEIX, SMC, OCCI
Q4 2024 289$124.1MIBN, VCLN, AAPL, MSFT, PRIM
Q3 2024 266$123.7MIBN, VCLN, JAAA, MSFT, TMHC
Q2 2024 250$110.0MNVDA, IBN, VCLN, MSFT, AAPL
Q1 2024 261$136.5MEMNT, VCLN, MSFT, NVDA, IBN