Westwood Holdings Group Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Westwood Holdings Group Inc. reported 424 stock positions worth $12.9 billion. Its top holding was Energy Transfer (ET) at 1.7% of the portfolio, followed by Microsoft (MSFT, 1.7%) and Williams Cos (WMB, 1.5%). Compared with Q2 2024, it opened 41 new positions, sold out of 30, added to 177 and reduced 143. The biggest buy was Western Midstream Partners L (WES, shares +173%) and the biggest sale Schwab (charles) (SCHW, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001165002
- Portfolio Value
- $12.9B (Q3 2024)
- SEC Filing
- 0001085146-24-005966 ↗ filed Nov 14, 2024
Holdings Value
Holdings 424 stocks · $12.9B
| ET Energy Transfer LP | 1.72% | 13,819,160 | $221.8M | Reduce -14.2% |
| MSFT Microsoft Corp. | 1.69% | 509,207 | $219.1M | Add +1.6% |
| WMB Williams Cos Inc. | 1.54% | 4,362,930 | $199.2M | Add +11.9% |
| JPM JPMorgan Chase & Co. | 1.53% | 940,578 | $198.3M | Add +7.2% |
| WES Western Midstream Partners L | 1.46% | 4,934,852 | $188.8M | Add +172.6% |
| LNG Cheniere Energy Inc. | 1.30% | 934,295 | $168.0M | Reduce -13.2% |
| BCC Boise Cascade Co. | 1.25% | 1,147,611 | $161.8M | Add +2.7% |
| ABT Abbott Laboratories | 1.24% | 1,402,861 | $159.9M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 1.20% | 265,977 | $155.5M | Add +13.9% |
| EPD Enterprise Products Partners | 1.18% | 5,249,238 | $152.8M | Reduce -2.9% |
| OKE Oneok Inc. | 1.17% | 1,658,347 | $151.1M | Reduce -20.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.14% | 3,702,281 | $146.9M | Reduce -4.0% |
| AAPL Apple Inc. | 1.12% | 622,180 | $145.0M | Reduce -26.3% |
| UNP Union Pacific Corp. | 1.11% | 584,341 | $144.0M | Add +36.5% |
| VEA Vanguard Ftse Developed ETF | 1.07% | 2,617,761 | $138.2M | Add +15.7% |
| JNJ Johnson & Johnson | 1.07% | 850,949 | $137.9M | Reduce -1.1% |
| TRGP Targa Resources Corp. | 1.04% | 905,976 | $134.1M | Reduce -24.5% |
| GS Goldman Sachs Group Inc. | 1.02% | 265,395 | $131.4M | Reduce -4.1% |
| WEC WEC Energy Group Inc. | 0.91% | 1,217,425 | $117.1M | Reduce -6.1% |
| HUBB Hubbell Inc. | 0.90% | 273,161 | $117.0M | Add +1.2% |
| GD General Dynamics Corp. | 0.90% | 386,306 | $116.7M | Add +0.6% |
| HON Honeywell International Inc. | 0.89% | 558,425 | $115.4M | Add +0.5% |
| DPZ Domino's Pizza Inc. | 0.88% | 264,364 | $113.7M | Add +122.8% |
| FRT Federal Realty Invs Trust | 0.84% | 944,763 | $108.6M | Add +47.1% |
| WMT Walmart Inc. | 0.80% | 1,283,700 | $103.7M | Reduce -10.8% |
| TRP TC Energy Corp. | 0.79% | 2,161,394 | $102.8M | Add +41.6% |
| ENB Enbridge Inc. | 0.78% | 2,471,208 | $100.4M | Add +8.7% |
| CDP Copt Defense Properties | 0.77% | 3,265,744 | $99.1M | Reduce -10.1% |
| BDX Becton Dickinson and Co. | 0.75% | 403,571 | $97.3M | Reduce -11.5% |
| PCH Potlatchdeltic Corp. | 0.75% | 2,143,390 | $96.6M | Add +28.8% |
| MPLX MPLX LP | 0.75% | 2,170,896 | $96.5M | Add +8.6% |
| V Visa Inc. Class A | 0.75% | 350,988 | $96.5M | Add +33.1% |
| AUB Atlantic Union Bankshares Co. | 0.75% | 2,561,365 | $96.5M | Reduce -3.6% |
| VRRM Verra Mobility Corp. | 0.75% | 3,466,018 | $96.4M | Add +2.5% |
| PIPR Piper Sandler Cos | 0.74% | 337,931 | $95.9M | Reduce -9.5% |
| CRM Salesforce Inc. | 0.73% | 344,459 | $94.3M | Reduce -0.6% |
| CVX Chevron Corp. | 0.73% | 637,622 | $93.9M | Reduce -5.6% |
| PAGP Plains GP Holdings LP | 0.72% | 5,002,623 | $92.5M | Reduce -7.3% |
| XOM Exxon Mobil Corp. | 0.70% | 772,764 | $90.6M | Reduce -1.2% |
| CACI Caci International Inc. Class A | 0.70% | 178,747 | $90.2M | Reduce -9.0% |
| LFUS Littelfuse Inc. | 0.69% | 337,659 | $89.6M | Add +10.6% |
| CSTM Constellium SE | 0.69% | 5,475,550 | $89.0M | Add +32.5% |
| ORLY O'reilly Automotive Inc. | 0.69% | 76,914 | $88.6M | Reduce -5.5% |
| DHR Danaher Corp. | 0.68% | 316,635 | $88.0M | Reduce -3.2% |
| NEE Nextera Energy Inc. | 0.68% | 1,041,077 | $88.0M | Reduce -6.2% |
| FDX FedEx Corp. | 0.68% | 320,731 | $87.8M | Reduce -4.0% |
| DTE DTE Energy Company | 0.67% | 676,982 | $86.9M | Reduce -4.7% |
| WFC Wells Fargo & Co. | 0.67% | 1,537,694 | $86.9M | Add +8.6% |
| AIR Aar Corp. | 0.67% | 1,325,678 | $86.6M | Add +23.9% |
| JJSF J & J Snack Foods Corp. | 0.66% | 496,483 | $85.5M | Add +8.5% |
| ASO Academy Sports & Outdoors Inc. | 0.65% | 1,449,633 | $84.6M | Add +8.8% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 0.65% | 1,689,906 | $84.2M | Reduce -23.9% |
| MCD McDonald's Corp. | 0.65% | 273,933 | $83.4M | Add +0.1% |
| PLD Prologis Inc. | 0.64% | 659,812 | $83.3M | Reduce -10.6% |
| GOOGL Alphabet Inc. Class A | 0.64% | 502,211 | $83.3M | Add +10.6% |
| ACN Accenture PLC Class A | 0.64% | 235,501 | $83.2M | Reduce -2.1% |
| SM SM Energy Co. | 0.64% | 2,076,000 | $83.0M | Add +21.4% |
| MOG.A Moog Inc. Class A | 0.64% | 410,099 | $82.8M | Reduce -13.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.63% | 289,651 | $81.5M | Reduce -7.4% |
| BLBD Blue Bird Corp. | 0.63% | 1,692,161 | $81.2M | Add +29.3% |
| CHD Church & Dwight Co. Inc. | 0.63% | 771,901 | $80.8M | Add +31.8% |
| PEP Pepsico Inc. | 0.62% | 472,787 | $80.4M | Add +4.7% |
| NOG Northern Oil and Gas Inc. | 0.61% | 2,238,104 | $79.3M | Add +3.3% |
| MCHP Microchip Technology Inc. | 0.61% | 982,711 | $78.9M | Add +15.8% |
| HD Home Depot Inc. | 0.59% | 189,842 | $76.9M | Reduce -1.0% |
| DRI Darden Restaurants Inc. | 0.58% | 458,408 | $75.2M | Add +3.9% |
| VTWG Vanguard Russell 2000 Growth | 0.58% | 362,930 | $75.2M | Add +0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.58% | 162,894 | $75.0M | Reduce -7.5% |
| KMI Kinder Morgan Inc. | 0.58% | 3,385,781 | $74.8M | Add +59.5% |
| WM Waste Management Inc. | 0.57% | 353,685 | $73.4M | Add +110.7% |
| HSY The Hershey Co. | 0.56% | 380,517 | $73.0M | Add +0.7% |
| CCS Century Communities Inc. | 0.56% | 702,267 | $72.3M | Reduce -20.5% |
| HESM Hess Midstream LP Class A | 0.54% | 1,974,681 | $69.6M | Add +2.0% |
| GMS GMS Inc. | 0.54% | 766,926 | $69.5M | Add +3.6% |
| ARCB Arcbest Corp. | 0.52% | 619,619 | $67.2M | Add +6.1% |
| NWE Northwestern Energy Group Inc. | 0.52% | 1,167,389 | $66.8M | Reduce -5.2% |
| SCL Stepan Co. | 0.51% | 860,719 | $66.5M | Add +15.2% |
| UE Urban Edge Properties | 0.51% | 3,070,148 | $65.7M | Reduce -29.0% |
| ALG Alamo Group Inc. | 0.51% | 362,924 | $65.4M | Add +5.3% |
| VIAV Viavi Solutions Inc. | 0.50% | 7,219,963 | $65.1M | Add +0.2% |
| CHCO City Holding Co. filed as CITY HLDG CO | 0.50% | 549,909 | $64.6M | Reduce -10.0% |
| AVA Avista Corp. | 0.50% | 1,658,125 | $64.3M | Reduce -3.7% |
| KTOS Kratos Defense & Security | 0.49% | 2,747,030 | $64.0M | Add +8.5% |
| PBA Pembina Pipeline Corp. | 0.49% | 1,546,563 | $63.8M | Reduce -10.4% |
| MMSI Merit Medical Systems Inc. | 0.49% | 642,594 | $63.5M | Reduce -16.8% |
| CNMD Conmed Corp. | 0.49% | 882,107 | $63.4M | Add +3.9% |
| SBCF Seacoast Banking Corp. | 0.48% | 2,342,076 | $62.4M | Reduce -27.1% |
| STR Sitio Royalties Corp. Class A | 0.48% | 2,980,402 | $62.1M | Add +9.1% |
| PBH Prestige Consumer Healthcare | 0.48% | 859,988 | $62.0M | Reduce -5.3% |
| RNST Renasant Corp. | 0.48% | 1,903,465 | $61.9M | Reduce -8.7% |
| PLYM Plymouth Industrial REIT Inc. | 0.48% | 2,729,860 | $61.7M | Reduce -7.9% |
| RMBS Rambus Inc. | 0.47% | 1,429,896 | $60.4M | Add +196.2% |
| HPQ HP Inc. | 0.46% | 1,654,022 | $59.3M | Add +52.3% |
| EOG EOG Resources Inc. | 0.46% | 481,026 | $59.1M | Reduce -2.3% |
| HWKN Hawkins Inc. | 0.45% | 456,187 | $58.2M | Reduce -0.3% |
| VTLE Vital Energy Inc. | 0.44% | 2,095,928 | $56.4M | Add +45.2% |
| CFR Cullen/Frost Bankers Inc. | 0.43% | 497,918 | $55.7M | Add +13.6% |
| PZZA Papa John's Intl Inc. | 0.43% | 1,032,002 | $55.6M | Add +4.8% |
| GEL Genesis Energy L.P. | 0.40% | 3,907,407 | $52.2M | Add +17.3% |
| AZZ Azz Inc. | 0.40% | 625,856 | $51.7M | Add +10.1% |
Other holdings (45): bonds, preferreds, convertibles and warrants · $10.3B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 8,113,000 | $901.4M | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 4,915,000 | $774.8M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 6,515,000 | $743.7M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 5,987,000 | $736.2M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 6,180,000 | $625.7M | New |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 6,385,000 | $618.4M | Reduce -23.9% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 2,500,000 | $388.0M | No change |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 1,000,000 | $357.4M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 2,250,000 | $267.2M | No change |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | 1,900,000 | $262.0M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 2,500,000 | $252.8M | No change |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | 2,500,000 | $248.1M | No change |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 2,000,000 | $247.5M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,000,000 | $245.2M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 2,000,000 | $237.8M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 2,000,000 | $214.2M | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 2,000,000 | $212.9M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 2,000,000 | $206.2M | No change |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 2,000,000 | $205.6M | No change |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 2,000,000 | $200.0M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,500,000 | $196.3M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 2,000,000 | $196.2M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 2,000,000 | $195.7M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 2,000,000 | $192.9M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 2,000,000 | $186.9M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 2,000,000 | $176.5M | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 1,500,000 | $170.0M | Add +200.0% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 1,500,000 | $158.7M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 1,500,000 | $149.5M | Reduce -40.0% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 1,500,000 | $143.2M | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 1,500,000 | $141.6M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,000,000 | $110.0M | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 1,000,000 | $98.6M | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 1,000,000 | $91.5M | New |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 1,000,000 | $88.0M | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 500,000 | $44.1M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 260,000 | $15.7M | New |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 180,000 | $11.1M | No change |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 375,000 | $9.8M | No change |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 280,000 | $8.6M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 100,000 | $4.5M | No change |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 1,500,000 | $1.6M | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 1,000,000 | $1.0M | New |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | 1,000,000 | $978K | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 1,000,000 | $940K | New |
Total filed on the 13F, all lines: $23.3B.
Portfolio Sells Q2 2024 → Q3 2024
| SCHW Schwab (charles) Corp. | Reduce -99.8% | 0.00% | −0.81 |
| AIG American International Group | Reduce -81.4% | 0.12% | −0.56 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.51 |
| ET Energy Transfer LP | Reduce -14.2% | 1.72% | −0.44 |
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −0.44 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -52.3% | 0.37% | −0.41 |
| LZ Legalzoomcom Inc. | Sold out | 0.00% | −0.39 |
| ECVT Ecovyst Inc. | Sold out | 0.00% | −0.37 |
| AAPL Apple Inc. | Reduce -26.3% | 1.12% | −0.35 |
| COP Conocophillips | Reduce -71.0% | 0.10% | −0.29 |
| CHUY Chuy's Holdings Inc. | Sold out | 0.00% | −0.26 |
| LNG Cheniere Energy Inc. | Reduce -13.2% | 1.30% | −0.25 |
| KNTK Kinetik Holdings Inc. | Reduce -54.7% | 0.21% | −0.25 |
| TRGP Targa Resources Corp. | Reduce -24.5% | 1.04% | −0.24 |
| OKE Oneok Inc. | Reduce -20.3% | 1.17% | −0.23 |
| UE Urban Edge Properties | Reduce -29.0% | 0.51% | −0.15 |
| FDX FedEx Corp. | Reduce -4.0% | 0.68% | −0.15 |
| CVX Chevron Corp. | Reduce -5.6% | 0.73% | −0.15 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -33.3% | 0.24% | −0.15 |
| FCX Freeport-McMoran Inc. | Reduce -80.1% | 0.03% | −0.14 |
| SBCF Seacoast Banking Corp. | Reduce -27.1% | 0.48% | −0.14 |
| BAC Bank of America Corp. | Reduce -4.0% | 1.14% | −0.13 |
| BDX Becton Dickinson and Co. | Reduce -11.5% | 0.75% | −0.13 |
| PAGP Plains GP Holdings LP | Reduce -7.3% | 0.72% | −0.12 |
| CMG Chipotle Mexican Grill Inc. | Reduce -23.2% | 0.22% | −0.11 |
| EPD Enterprise Products Partners | Reduce -2.9% | 1.18% | −0.11 |
| AMGN Amgen Inc. | Reduce -73.3% | 0.04% | −0.11 |
| MIDD Middleby Corp. | Sold out | 0.00% | −0.10 |
| MRCY Mercury Systems Inc. | Reduce -45.6% | 0.23% | −0.10 |
| BOOT Boot Barn Holdings Inc. | Reduce -36.9% | 0.26% | −0.08 |
| EXP Eagle Materials Inc. | Reduce -96.4% | 0.00% | −0.08 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.07 |
| DE Deere & Co. | Reduce -44.1% | 0.10% | −0.07 |
| FNV Franco-Nevada Corp. | Reduce -96.2% | 0.00% | −0.07 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.06 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -25.1% | 0.09% | −0.06 |
| MMSI Merit Medical Systems Inc. | Reduce -16.8% | 0.49% | −0.06 |
| DKL Delek Logistics Partners LP | Reduce -64.0% | 0.03% | −0.06 |
| EOG EOG Resources Inc. | Reduce -2.3% | 0.46% | −0.05 |
| GOOG Alphabet Inc. Class C | Reduce -1.1% | 0.26% | −0.05 |
| RNST Renasant Corp. | Reduce -8.7% | 0.48% | −0.05 |
| VICI Vici Properties Inc. | Reduce -86.8% | 0.01% | −0.05 |
| PLYM Plymouth Industrial REIT Inc. | Reduce -7.9% | 0.48% | −0.05 |
| VMRK Vivmark Residential | Reduce -90.0% | 0.01% | −0.05 |
| O Realty Income Corp. | Reduce -94.5% | 0.00% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -1.2% | 0.70% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -0.5% | 0.36% | −0.04 |
| PLD Prologis Inc. | Reduce -10.6% | 0.64% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -7.4% | 0.63% | −0.04 |
| AM Antero Midstream Corp. | Reduce -5.1% | 0.37% | −0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| WES Western Midstream Partners L | Add +172.6% | 1.46% | +0.87 |
| DPZ Domino's Pizza Inc. | Add +122.8% | 0.88% | +0.37 |
| TRP TC Energy Corp. | Add +41.6% | 0.79% | +0.32 |
| UNP Union Pacific Corp. | Add +36.5% | 1.11% | +0.31 |
| FRT Federal Realty Invs Trust | Add +47.1% | 0.84% | +0.30 |
| WM Waste Management Inc. | Add +110.7% | 0.57% | +0.27 |
| RMBS Rambus Inc. | Add +196.2% | 0.47% | +0.23 |
| KMI Kinder Morgan Inc. | Add +59.5% | 0.58% | +0.23 |
| UNH Unitedhealth Group Inc. | Add +13.9% | 1.20% | +0.22 |
| PCH Potlatchdeltic Corp. | Add +28.8% | 0.75% | +0.21 |
| DTM DT Midstream Inc. | Add +117.1% | 0.32% | +0.18 |
| V Visa Inc. Class A | Add +33.1% | 0.75% | +0.18 |
| WMB Williams Cos Inc. | Add +11.9% | 1.54% | +0.17 |
| BCC Boise Cascade Co. | Add +2.7% | 1.25% | +0.15 |
| VEA Vanguard Ftse Developed ETF | Add +15.7% | 1.07% | +0.15 |
| HPQ HP Inc. | Add +52.3% | 0.46% | +0.14 |
| BWXT BWX Technologies Inc. | Add +173.4% | 0.22% | +0.14 |
| XLP SS Consumer Staples Sel Sect | New | 0.14% | +0.14 |
| CHD Church & Dwight Co. Inc. | Add +31.8% | 0.63% | +0.12 |
| PSA Public Storage | Add +39.9% | 0.31% | +0.12 |
| ARM Arm Holdings PLC-ADR | New | 0.12% | +0.12 |
| ENB Enbridge Inc. | Add +8.7% | 0.78% | +0.11 |
| IJH iShares Core S&P Midcap ETF | Add +303.6% | 0.14% | +0.11 |
| PEGA Pegasystems Inc. | New | 0.11% | +0.11 |
| LPLA LPL Financial Holdings Inc. | New | 0.11% | +0.11 |
| GBCI Glacier Bancorp Inc. | Add +47.5% | 0.25% | +0.10 |
| PR Permian Resources Corp. Class A | New | 0.10% | +0.10 |
| DUOL Duolingo | Add +466.0% | 0.12% | +0.10 |
| MKTX Marketaxess Holdings Inc. | New | 0.10% | +0.10 |
| BIO Bio-Rad Laboratories-A | New | 0.10% | +0.10 |
| VIAV Viavi Solutions Inc. | Add +0.2% | 0.50% | +0.10 |
| ELS Equity Lifestyle Properties | New | 0.09% | +0.09 |
| IDA Idacorp Inc. | Add +41.0% | 0.29% | +0.09 |
| HUBB Hubbell Inc. | Add +1.2% | 0.90% | +0.09 |
| XLF SS Financial Select Sector | New | 0.09% | +0.09 |
| IWM iShares Russell 2000 ETF | Add +950.0% | 0.10% | +0.09 |
| WFRD Weatherford International PL | New | 0.09% | +0.09 |
| DOX Amdocs Ltd. | Add +106.0% | 0.16% | +0.08 |
| FANG Diamondback Energy Inc. | Add +390.3% | 0.11% | +0.08 |
| TFX Teleflex Inc. | Add +38.9% | 0.23% | +0.08 |
| ILMN Illumina Inc. | Add +467.0% | 0.09% | +0.08 |
| LAD Lithia Motors Inc. | Add +29.4% | 0.22% | +0.08 |
| KTOS Kratos Defense & Security | Add +8.5% | 0.49% | +0.08 |
| SMLF iShares US Smallcap Equity F | New | 0.07% | +0.07 |
| MCD McDonald's Corp. | Add +0.1% | 0.65% | +0.07 |
| ITGR Integer Holdings Corp. | Add +40.1% | 0.22% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +7.2% | 1.53% | +0.07 |
| ASO Academy Sports & Outdoors Inc. | Add +8.8% | 0.65% | +0.07 |
| NBHC National Bank Hold Class A | Add +21.8% | 0.37% | +0.07 |
| HXL Hexcel Corp. | Add +65.0% | 0.20% | +0.07 |
Notes & Other Activity Q2 2024 → Q3 2024
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 6,180,000 | $625.7M |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Reduce -23.9% | 6,385,000 | $618.4M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Sold out | 2,000,000 | $309.2Mbefore exit |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 2,000,000 | $245.2M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | New | 1,500,000 | $196.3M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | Sold out | 2,000,000 | $182.0Mbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Add +200.0% | 1,500,000 | $170.0M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Reduce -40.0% | 1,500,000 | $149.5M |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | New | 1,500,000 | $141.6M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Sold out | 1,500,000 | $134.0Mbefore exit |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | New | 1,000,000 | $91.5M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 260,000 | $15.7M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | New | 1,500,000 | $1.6M |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | New | 1,000,000 | $1.0M |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | New | 1,000,000 | $940K |
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 | 617 | $13.2B | WMB, VEA, ET, BIL, KMI |
| Q1 2026 | 452 | $13.7B | WMB, ET, BIL, VEA, KMI |
| Q4 2025 | 426 | $12.1B | VEA, WMB, KMI, LNG, TRGP |
| Q3 2025 | 433 | $13.8B | ET, WMB, VEA, KMI, LNG |
| Q2 2025Amended | 419 | $13.7B | ET, WMB, VEA, MSFT, KMI |
| Q1 2025 | 416 | $13.1B | ET, WMB, OKE, TRGP, MSFT |
| Q4 2024 | 439 | $12.8B | ET, WMB, MSFT, JPM, TRGP |
| Q3 2024 | 424 | $12.9B | ET, MSFT, WMB, JPM, WES |
| Q2 2024 | 412 | $12.1B | ET, MSFT, LNG, AAPL, JPM |
| Q1 2024Amended | 414 | $12.6B | ET, MSFT, JPM, LNG, OKE |