Virtus Investment Advisers, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Virtus Investment Advisers, LLC reported 461 stock positions worth $367.9 million. Its top holding was Incyte (INCY) at 0.8% of the portfolio, followed by Micron Technology (MU, 0.7%) and Newmont (NEM, 0.7%). Compared with Q3 2025, it opened 113 new positions, sold out of 91, added to 199 and reduced 149. The biggest buy was a new position in Micron Technology (MU) and the biggest sale an exit from Tesla (TSLA).

Most Recent 13F
Q2 2026
Location
HARTFORD, CT
CIK
0000019481
Portfolio Value
$367.9M (Q4 2025)
SEC Filing
0000019481-26-000002 ↗ filed Feb 17, 2026

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 Q4 2024 Q1 2025: $362.9M Q1 2025 Q2 2025: $295.8M Q2 2025 Q3 2025: $349.2M Q3 2025 Q4 2025: $367.9M $367.9M Q4 2025 Q1 2026: $362.5M Q1 2026 Q2 2026: $429.2M Q2 2026

Holdings 461 stocks · $367.9M
INCY Incyte Corp. 0.75% 27,974 $2.8M Add +335.7%
MU Micron Technology Inc. 0.67% 8,596 $2.5M New
NEM Newmont Corp. 0.65% 24,039 $2.4M Reduce -16.5%
EXPD Expeditors Intl Wash Inc. 0.65% 15,974 $2.4M New
CMI Cummins Inc. 0.64% 4,604 $2.4M Reduce -6.9%
DAL Delta Air Lines Inc. 0.62% 32,966 $2.3M Add +0.1%
GOOGL Alphabet Inc. Class A 0.61% 7,131 $2.2M Reduce -25.0%
MKL Markel Group Inc. 0.61% 1,038 $2.2M Add +14.3%
ULTA Ulta Beauty Inc. 0.60% 3,677 $2.2M Add +4.2%
CVNA Carvana Co. 0.60% 5,267 $2.2M New
OXLC Oxford Lane Capital Corp. 0.60% 149,891 $2.2M Add +16.0%
PH Parker Hannifin Corp. 0.59% 2,487 $2.2M Add +0.1%
AMAT Applied Materials Inc. 0.59% 8,379 $2.2M New
HIG Hartford Insurance Group Inc. 0.58% 15,546 $2.1M Add +2.9%
ROST Ross Stores Inc. 0.58% 11,869 $2.1M New
LVS Las Vegas Sands Corp. 0.58% 32,773 $2.1M New
RF Regions Financial Corp. 0.58% 78,591 $2.1M Add +12.8%
SYF Synchrony Financial 0.58% 25,527 $2.1M Add +1.5%
HBAN Huntington Bancshares Inc. 0.58% 122,741 $2.1M Add +11.5%
TKO Tko Group Holdings Inc. 0.58% 10,175 $2.1M Reduce -5.1%
AME Ametek Inc. 0.57% 10,305 $2.1M New
MNST Monster Beverage Corp. 0.57% 27,515 $2.1M Reduce -9.6%
NDAQ Nasdaq Inc. 0.57% 21,685 $2.1M New
LRCX Lam Research Corp. 0.57% 12,258 $2.1M Reduce -34.0%
WAT Waters Corp. 0.57% 5,513 $2.1M New
YUMC Yum China Holdings Inc. 0.57% 43,728 $2.1M Add +12.0%
ALL Allstate Corp. 0.57% 9,995 $2.1M Add +4.7%
FSLR First Solar Inc. 0.57% 7,961 $2.1M New
STT State Street Corp. 0.56% 16,072 $2.1M Reduce -1.4%
TRV The Travelers Cos Inc. 0.56% 7,113 $2.1M Reduce -1.0%
WMT Walmart Inc. 0.56% 18,487 $2.1M Reduce -1.5%
WAB Wabtec Corp. 0.56% 9,634 $2.1M Add +3.6%
CINF Cincinnati Financial Corp. 0.56% 12,570 $2.1M Add +0.9%
APP AppLovin Corp. Class A 0.56% 3,044 $2.1M Reduce -38.4%
NTRS Northern Trust Corp. 0.56% 14,978 $2.0M Add +6.1%
ROL Rollins Inc. 0.56% 34,030 $2.0M Add +6.4%
AON Aon PLC Class A 0.55% 5,780 $2.0M Add +16.5%
OCCI Ofs Credit Company Inc. 0.55% 421,233 $2.0M Add +0.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.55% 13,244 $2.0M Reduce -9.4%
IDXX Idexx Laboratories Inc. 0.55% 3,007 $2.0M Reduce -6.9%
SCHW Schwab (charles) Corp. 0.55% 20,324 $2.0M Add +8.6%
CSCO Cisco Systems Inc. 0.55% 26,265 $2.0M Reduce -2.6%
CTVA Corteva Inc. 0.55% 30,057 $2.0M New
BURL Burlington Stores Inc. 0.55% 6,950 $2.0M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.54% 119,737 $2.0M New
BRK.B Berkshire Hathaway Inc. Class B 0.54% 3,962 $2.0M Add +4.0%
LPLA LPL Financial Holdings Inc. 0.54% 5,564 $2.0M Add +17.0%
MCO Moody's Corp. 0.54% 3,886 $2.0M Add +7.6%
EW Edwards Lifesciences Corp. 0.54% 23,207 $2.0M New
FWONK Liberty Media Corp. Class C 0.54% 20,066 $2.0M New
HEI Heico Corp. 0.54% 6,103 $2.0M Add +8.0%
WELL Welltower Inc. 0.54% 10,614 $2.0M Reduce -8.3%
CME Cme Group Inc. 0.53% 7,161 $2.0M Add +7.1%
AXP American Express Co. 0.53% 5,283 $2.0M Reduce -10.5%
HWM Howmet Aerospace Inc. 0.53% 9,488 $1.9M Reduce -2.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.53% 17,083 $1.9M New
GEN Gen Digital Inc. 0.53% 71,411 $1.9M New
ZM Zoom Communications Inc. 0.53% 22,469 $1.9M Reduce -7.6%
V Visa Inc. Class A 0.52% 5,498 $1.9M Add +6.6%
AAPL Apple Inc. 0.52% 7,091 $1.9M New
MA Mastercard Inc. Class A 0.52% 3,371 $1.9M Add +4.7%
KLAC KLA Corp. 0.52% 1,582 $1.9M Reduce -20.3%
AMZN Amazon.com Inc. 0.52% 8,320 $1.9M Add +5.8%
COR Cencora Inc. 0.52% 5,683 $1.9M Reduce -11.2%
RJF Raymond James Financial Inc. 0.52% 11,944 $1.9M Add +9.2%
APH Amphenol Corp. Class A 0.51% 13,893 $1.9M Reduce -19.1%
INTU Intuit Inc. 0.51% 2,810 $1.9M Add +22.4%
BR Broadridge Financial Solutio 0.50% 8,300 $1.9M New
GD General Dynamics Corp. 0.50% 5,502 $1.9M New
WST West Pharmaceutical Services 0.50% 6,728 $1.9M New
OKTA Okta Inc. 0.50% 21,357 $1.8M New
DOCU Docusign Inc. 0.50% 26,979 $1.8M Add +18.4%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.50% 7,130 $1.8M Add +20.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.50% 26,268 $1.8M Reduce -2.5%
FAST Fastenal Co. 0.50% 45,818 $1.8M Add +17.0%
LDOS Leidos Holdings Inc. 0.50% 10,156 $1.8M New
PWR Quanta Services Inc. 0.50% 4,339 $1.8M Reduce -2.3%
DXCM Dexcom Inc. 0.50% 27,552 $1.8M New
RCL Royal Caribbean Cruises Ltd. 0.49% 6,511 $1.8M Add +25.2%
ADSK Autodesk Inc. 0.49% 6,132 $1.8M Add +1.8%
BKR Baker Hughes Co. 0.49% 39,854 $1.8M Add +1.3%
QCOM Qualcomm Inc. 0.49% 10,536 $1.8M New
BSX Boston Scientific Corp. 0.49% 18,891 $1.8M Add +9.1%
RMD Resmed Inc. 0.49% 7,435 $1.8M Add +10.9%
PLTR Palantir Technologies Inc. Class A 0.49% 10,060 $1.8M Reduce -13.3%
IBKR Interactive Brokers Gro Class A 0.49% 27,785 $1.8M Reduce -0.8%
SYK Stryker Corp. 0.48% 5,074 $1.8M Add +11.1%
COST Costco Wholesale Corp. 0.48% 2,064 $1.8M Add +5.1%
AVGO Broadcom Inc. 0.48% 5,114 $1.8M Reduce -17.9%
NVDA Nvidia Corp. 0.48% 9,488 $1.8M Reduce -8.5%
FTNT Fortinet Inc. 0.48% 22,213 $1.8M Add +27.1%
URI United Rentals Inc. 0.48% 2,178 $1.8M Add +7.2%
ADP Automatic Data Processing 0.48% 6,822 $1.8M Add +14.3%
CDNS Cadence Design SYS Inc. 0.47% 5,589 $1.7M Add +1.8%
TT Trane Technologies PLC 0.47% 4,474 $1.7M Add +15.5%
ECC Eagle Point Credit Co. 0.47% 302,090 $1.7M Reduce -0.0%
WDAY Workday Inc. Class A 0.47% 8,049 $1.7M New
XYL Xylem Inc. 0.47% 12,674 $1.7M New
WSM Williams-Sonoma Inc. 0.46% 9,555 $1.7M Reduce -1.8%
MSFT Microsoft Corp. 0.46% 3,519 $1.7M Reduce -1.4%

Show all 461 holdings

Portfolio Sells Q3 2025 → Q4 2025
TSLA Tesla Inc. Sold out 0.00% −0.72
EA Electronic Arts Inc. Sold out 0.00% −0.70
FOXA Fox Corp. Class A Sold out 0.00% −0.59
MS Morgan Stanley Sold out 0.00% −0.59
ATO Atmos Energy Corp. Sold out 0.00% −0.58
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.57
CFG Citizens Financial Group Sold out 0.00% −0.57
CB Chubb Ltd. Sold out 0.00% −0.56
JPM JPMorgan Chase & Co. Sold out 0.00% −0.56
USB US Bancorp Sold out 0.00% −0.55
FITB Fifth Third Bancorp Sold out 0.00% −0.55
PNC PNC Financial Services Group Sold out 0.00% −0.54
PGR Progressive Corp. Sold out 0.00% −0.54
MTB M & T Bank Corp. Sold out 0.00% −0.53
VICI Vici Properties Inc. Reduce -90.6% 0.04% −0.53
CEG Constellation Energy Sold out 0.00% −0.53
VST Vistra Corp. Sold out 0.00% −0.52
COF Capital One Financial Corp. Sold out 0.00% −0.52
HUBB Hubbell Inc. Sold out 0.00% −0.52
TPL Texas Pacific Land Corp. Sold out 0.00% −0.50
CHKP Check Point Software Tech Sold out 0.00% −0.50
AMP Ameriprise Financial Inc. Sold out 0.00% −0.50
TYL Tyler Technologies Inc. Sold out 0.00% −0.49
CTAS Cintas Corp. Sold out 0.00% −0.49
SPGI S&P Global Inc. Sold out 0.00% −0.48
BRO Brown & Brown Inc. Sold out 0.00% −0.48
GWW WW Grainger Inc. Sold out 0.00% −0.48
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.48
APO Apollo Global Management Inc. Sold out 0.00% −0.47
APP AppLovin Corp. Class A Reduce -38.4% 0.56% −0.46
FCNCA First Citizens Bcshs Class A Sold out 0.00% −0.46
PAYX Paychex Inc. Sold out 0.00% −0.45
PYPL PayPal Holdings Inc. Sold out 0.00% −0.45
LII Lennox International Inc. Sold out 0.00% −0.42
TW Tradeweb Markets Inc. Class A Sold out 0.00% −0.42
TPVG Triplepoint Venture Growth B Reduce -75.2% 0.12% −0.34
HOOD Robinhood Markets Inc. Class A Reduce -24.0% 0.40% −0.30
ORCL Oracle Corp. Reduce -8.2% 0.36% −0.24
ANET Arista Networks Inc. Reduce -21.9% 0.43% −0.22
PSEC Prospect Capital Corp. Reduce -29.9% 0.32% −0.19
LRCX Lam Research Corp. Reduce -34.0% 0.57% −0.14
DASH DoorDash Inc. Class A Reduce -1.9% 0.45% −0.13
UBER Uber Technologies Inc. Reduce -1.2% 0.44% −0.12
GRMN Garmin Ltd. Reduce -0.8% 0.42% −0.12
PLTR Palantir Technologies Inc. Class A Reduce -13.3% 0.49% −0.12
VRT Vertiv Holdings Co. Class A Reduce -22.1% 0.44% −0.11
AVGO Broadcom Inc. Reduce -17.9% 0.48% −0.11
PODD Insulet Corp. Reduce -6.2% 0.45% −0.10
ECC Eagle Point Credit Co. Reduce -0.0% 0.47% −0.10
APH Amphenol Corp. Class A Reduce -19.1% 0.51% −0.10

Portfolio Buys Q3 2025 → Q4 2025
MU Micron Technology Inc. New 0.67% +0.67
EXPD Expeditors Intl Wash Inc. New 0.65% +0.65
CVNA Carvana Co. New 0.60% +0.60
INCY Incyte Corp. Add +335.7% 0.75% +0.59
AMAT Applied Materials Inc. New 0.59% +0.59
ROST Ross Stores Inc. New 0.58% +0.58
LVS Las Vegas Sands Corp. New 0.58% +0.58
AME Ametek Inc. New 0.57% +0.57
NDAQ Nasdaq Inc. New 0.57% +0.57
WAT Waters Corp. New 0.57% +0.57
FSLR First Solar Inc. New 0.57% +0.57
CTVA Corteva Inc. New 0.55% +0.55
BURL Burlington Stores Inc. New 0.55% +0.55
NU Nu Holdings Ltd./Cayman Isl-A New 0.54% +0.54
EW Edwards Lifesciences Corp. New 0.54% +0.54
FWONK Liberty Media Corp. Class C New 0.54% +0.54
DIS The Walt Disney Co. New 0.53% +0.53
GEN Gen Digital Inc. New 0.53% +0.53
AAPL Apple Inc. New 0.52% +0.52
BR Broadridge Financial Solutio New 0.50% +0.50
GD General Dynamics Corp. New 0.50% +0.50
WST West Pharmaceutical Services New 0.50% +0.50
OKTA Okta Inc. New 0.50% +0.50
LDOS Leidos Holdings Inc. New 0.50% +0.50
DXCM Dexcom Inc. New 0.50% +0.50
QCOM Qualcomm Inc. New 0.49% +0.49
WDAY Workday Inc. Class A New 0.47% +0.47
XYL Xylem Inc. New 0.47% +0.47
EBAY eBay Inc. New 0.45% +0.45
MPWR Monolithic Power Systems Inc. New 0.43% +0.43
AMD Advanced Micro Devices New 0.43% +0.43
PINS Pinterest Inc. Class A New 0.40% +0.40
SMCI Super Micro Computer Inc. New 0.29% +0.29
MSTR Strategy Inc. New 0.28% +0.28
ESPR Esperion Therapeutics Inc. New 0.18% +0.18
KALV Kalvista Pharmaceuticals Inc. Add +364.9% 0.18% +0.15
KURA Kura Oncology Inc. Add +291.4% 0.19% +0.15
SNDX Syndax Pharmaceuticals Inc. Add +214.6% 0.19% +0.14
DVAX Dynavax Technologies Corp. Add +48.1% 0.26% +0.14
ARQT Arcutis Biotherapeutics Inc. Add +179.4% 0.19% +0.14
NUVB Nuvation Bio Inc. Add +28.9% 0.20% +0.13
CRNX Crinetics Pharmaceuticals Inc. Add +282.7% 0.17% +0.13
OMER Omeros Corp. New 0.12% +0.12
SRPT Sarepta Therapeutics Inc. Add +166.5% 0.19% +0.12
LENZ Lenz Therapeutics Inc. Add +879.3% 0.16% +0.11
IOVA Iovance Biotherapeutics Inc. Add +61.5% 0.23% +0.11
MKL Markel Group Inc. Add +14.3% 0.61% +0.11
ARWR Arrowhead Pharmaceuticals Inc. Add +39.0% 0.18% +0.11
BCRX Biocryst Pharmaceuticals Inc. Add +111.3% 0.19% +0.10
RZLT Rezolute Inc. New 0.09% +0.09

Notes & Other Activity Q3 2025 → Q4 2025
BLACKROCK INCOME TR-RT RIGHT 10/20/2025 Sold out 58,703 $3Kbefore exit

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