Westwood Holdings Group Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Westwood Holdings Group Inc. reported 439 stock positions worth $12.8 billion. Its top holding was Energy Transfer (ET) at 2.5% of the portfolio, followed by Williams Cos (WMB, 1.8%) and Microsoft (MSFT, 1.7%). Compared with Q3 2024, it opened 43 new positions, sold out of 29, added to 132 and reduced 209. The biggest buy was Energy Transfer (ET, shares +18%) and the biggest sale McDonald's (MCD, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001165002
- Portfolio Value
- $12.8B (Q4 2024)
- SEC Filing
- 0001085146-25-001578 ↗ filed Feb 14, 2025
Holdings Value
Holdings 439 stocks · $12.8B
| ET Energy Transfer LP | 2.49% | 16,331,220 | $319.9M | Add +18.2% |
| WMB Williams Cos Inc. | 1.77% | 4,205,424 | $227.6M | Reduce -3.6% |
| MSFT Microsoft Corp. | 1.69% | 513,362 | $216.4M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 1.65% | 882,849 | $211.6M | Reduce -6.1% |
| TRGP Targa Resources Corp. | 1.43% | 1,031,518 | $184.1M | Add +13.9% |
| EPD Enterprise Products Partners | 1.42% | 5,830,088 | $182.8M | Add +11.1% |
| OKE Oneok Inc. | 1.40% | 1,785,160 | $179.2M | Add +7.7% |
| LNG Cheniere Energy Inc. | 1.33% | 794,190 | $170.6M | Reduce -15.0% |
| ABT Abbott Laboratories | 1.23% | 1,397,340 | $158.1M | Reduce -0.4% |
| AAPL Apple Inc. | 1.21% | 621,478 | $155.6M | Reduce -0.1% |
| KMI Kinder Morgan Inc. | 1.21% | 5,647,705 | $154.7M | Add +66.8% |
| UNH Unitedhealth Group Inc. | 1.15% | 291,614 | $147.5M | Add +9.6% |
| BCC Boise Cascade Co. | 1.10% | 1,192,621 | $141.8M | Add +3.9% |
| VEA Vanguard Ftse Developed ETF | 1.10% | 2,959,412 | $141.5M | Add +13.1% |
| GS Goldman Sachs Group Inc. | 1.09% | 245,281 | $140.5M | Reduce -7.6% |
| UNP Union Pacific Corp. | 1.07% | 600,518 | $136.9M | Add +2.8% |
| WFC Wells Fargo & Co. | 0.99% | 1,813,129 | $127.4M | Add +17.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.95% | 2,774,714 | $121.9M | Reduce -25.1% |
| TMUS T-Mobile US Inc. | 0.92% | 535,449 | $118.2M | Add +360.9% |
| DPZ Domino's Pizza Inc. | 0.90% | 273,981 | $115.0M | Add +3.6% |
| HUBB Hubbell Inc. | 0.86% | 262,471 | $109.9M | Reduce -3.9% |
| WEC WEC Energy Group Inc. | 0.85% | 1,162,258 | $109.3M | Reduce -4.5% |
| MPLX MPLX LP | 0.85% | 2,279,124 | $109.1M | Add +5.0% |
| V Visa Inc. Class A | 0.85% | 344,972 | $109.0M | Reduce -1.7% |
| VRRM Verra Mobility Corp. | 0.84% | 4,460,793 | $107.9M | Add +28.7% |
| DTM DT Midstream Inc. | 0.84% | 1,084,018 | $107.8M | Add +108.8% |
| WES Western Midstream Partners L | 0.83% | 2,769,387 | $106.4M | Reduce -43.9% |
| GOOGL Alphabet Inc. Class A | 0.81% | 548,264 | $103.8M | Add +9.2% |
| FRT Federal Realty Invs Trust | 0.80% | 919,547 | $102.9M | Reduce -2.7% |
| GD General Dynamics Corp. | 0.78% | 381,738 | $100.6M | Reduce -1.2% |
| PCH Potlatchdeltic Corp. | 0.74% | 2,404,064 | $94.4M | Add +12.2% |
| CVX Chevron Corp. | 0.73% | 649,219 | $94.0M | Add +1.8% |
| CACI Caci International Inc. Class A | 0.73% | 232,412 | $93.9M | Add +30.0% |
| WMT Walmart Inc. | 0.73% | 1,039,149 | $93.9M | Reduce -19.1% |
| CRM Salesforce Inc. | 0.72% | 276,962 | $92.6M | Reduce -19.6% |
| AUB Atlantic Union Bankshares Co. | 0.72% | 2,442,878 | $92.5M | Reduce -4.6% |
| BDX Becton Dickinson and Co. | 0.70% | 398,474 | $90.4M | Reduce -1.3% |
| TRP TC Energy Corp. | 0.70% | 1,939,445 | $90.2M | Reduce -10.3% |
| CDP Copt Defense Properties | 0.70% | 2,885,343 | $89.3M | Reduce -11.7% |
| AIR Aar Corp. | 0.69% | 1,441,154 | $88.3M | Add +8.7% |
| ORLY O'reilly Automotive Inc. | 0.67% | 72,106 | $85.5M | Reduce -6.3% |
| DRI Darden Restaurants Inc. | 0.66% | 455,377 | $85.0M | Reduce -0.7% |
| XOM Exxon Mobil Corp. | 0.66% | 786,564 | $84.6M | Add +1.8% |
| ASO Academy Sports & Outdoors Inc. | 0.66% | 1,464,630 | $84.3M | Add +1.0% |
| ACN Accenture PLC Class A | 0.64% | 235,242 | $82.8M | Reduce -0.1% |
| SM SM Energy Co. | 0.64% | 2,118,297 | $82.1M | Add +2.0% |
| LFUS Littelfuse Inc. | 0.64% | 347,364 | $81.9M | Add +2.9% |
| BLD Topbuild Corp. | 0.63% | 259,666 | $80.8M | New |
| NOG Northern Oil and Gas Inc. | 0.63% | 2,164,516 | $80.4M | Reduce -3.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.63% | 282,683 | $80.2M | Reduce -2.4% |
| PIPR Piper Sandler Cos | 0.62% | 264,640 | $79.4M | Reduce -21.7% |
| TXNM TXNM Energy Inc. | 0.62% | 1,612,120 | $79.3M | New |
| NEE Nextera Energy Inc. | 0.62% | 1,105,627 | $79.3M | Add +6.2% |
| PLD Prologis Inc. | 0.61% | 742,567 | $78.5M | Add +12.5% |
| JJSF J & J Snack Foods Corp. | 0.61% | 504,018 | $78.2M | Add +1.5% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 0.60% | 1,990,818 | $77.2M | Add +17.8% |
| CHD Church & Dwight Co. Inc. | 0.60% | 736,891 | $77.2M | Reduce -4.5% |
| PEP Pepsico Inc. | 0.59% | 500,816 | $76.2M | Add +5.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.59% | 675,925 | $75.3M | Add +26324.0% |
| MCHP Microchip Technology Inc. | 0.59% | 1,311,966 | $75.2M | Add +33.5% |
| JNJ Johnson & Johnson | 0.59% | 519,753 | $75.2M | Reduce -38.9% |
| BLBD Blue Bird Corp. | 0.58% | 1,933,278 | $74.7M | Add +14.3% |
| SO The Southern Co. | 0.57% | 896,323 | $73.8M | Add +1747.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.57% | 162,133 | $73.5M | Reduce -0.5% |
| MOG.A Moog Inc. Class A | 0.57% | 371,112 | $73.0M | Reduce -9.5% |
| SSB Southstate Bank Corp. | 0.56% | 727,341 | $72.4M | Add +2221.8% |
| HSY The Hershey Co. | 0.56% | 427,171 | $72.3M | Add +12.3% |
| WM Waste Management Inc. | 0.55% | 348,854 | $70.4M | Reduce -1.4% |
| PAGP Plains GP Holdings LP | 0.54% | 3,804,585 | $69.9M | Reduce -23.9% |
| VTLE Vital Energy Inc. | 0.53% | 2,214,295 | $68.5M | Add +5.7% |
| KTOS Kratos Defense & Security | 0.51% | 2,459,641 | $64.9M | Reduce -10.5% |
| PLYM Plymouth Industrial REIT Inc. | 0.50% | 3,631,111 | $64.6M | Add +33.0% |
| RNST Renasant Corp. | 0.49% | 1,759,003 | $62.9M | Reduce -7.6% |
| PBH Prestige Consumer Healthcare | 0.49% | 804,480 | $62.8M | Reduce -6.5% |
| UE Urban Edge Properties | 0.49% | 2,913,723 | $62.6M | Reduce -5.1% |
| SBCF Seacoast Banking Corp. | 0.48% | 2,246,854 | $61.9M | Reduce -4.1% |
| KNTK Kinetik Holdings Inc. | 0.48% | 1,083,213 | $61.4M | Add +78.3% |
| GMS GMS Inc. | 0.48% | 721,134 | $61.2M | Reduce -6.0% |
| ALG Alamo Group Inc. | 0.47% | 326,181 | $60.6M | Reduce -10.1% |
| CHCO City Holding Co. filed as CITY HLDG CO | 0.47% | 508,190 | $60.2M | Reduce -7.6% |
| CFR Cullen/Frost Bankers Inc. | 0.47% | 447,367 | $60.1M | Reduce -10.2% |
| CNMD Conmed Corp. | 0.47% | 877,399 | $60.0M | Reduce -0.5% |
| CSTM Constellium SE | 0.46% | 5,810,189 | $59.7M | Add +6.1% |
| SCL Stepan Co. | 0.46% | 921,704 | $59.6M | Add +7.1% |
| RMBS Rambus Inc. | 0.46% | 1,127,854 | $59.6M | Reduce -21.1% |
| MMSI Merit Medical Systems Inc. | 0.46% | 613,635 | $59.4M | Reduce -4.5% |
| ARCB Arcbest Corp. | 0.46% | 635,858 | $59.3M | Add +2.6% |
| CCS Century Communities Inc. | 0.46% | 801,403 | $58.8M | Add +14.1% |
| EOG EOG Resources Inc. | 0.46% | 477,510 | $58.5M | Reduce -0.7% |
| HPQ HP Inc. | 0.45% | 1,768,970 | $57.7M | Add +7.0% |
| MRVL Marvell Technology Inc. | 0.44% | 513,519 | $56.7M | Add +405.6% |
| HWKN Hawkins Inc. | 0.44% | 455,590 | $55.9M | Reduce -0.1% |
| ENB Enbridge Inc. | 0.42% | 1,262,717 | $53.6M | Reduce -48.9% |
| AMZN Amazon.com Inc. | 0.41% | 241,070 | $52.9M | Reduce -2.6% |
| ENLC Enlink Midstream LLC | 0.41% | 3,682,041 | $52.1M | Add +67.4% |
| HESM Hess Midstream LP Class A | 0.40% | 1,380,299 | $51.1M | Reduce -30.1% |
| PWP Perella Weinberg Partners | 0.39% | 2,112,393 | $50.4M | Add +0.8% |
| NBHC National Bank Hold Class A | 0.37% | 1,114,486 | $48.0M | Reduce -1.1% |
| NWE Northwestern Energy Group Inc. | 0.37% | 884,114 | $47.3M | Reduce -24.3% |
| AVA Avista Corp. | 0.36% | 1,278,324 | $46.8M | Reduce -22.9% |
Other holdings (44): bonds, preferreds, convertibles and warrants · $161.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 260,000 | $16.3M | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 180,000 | $11.0M | New |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 375,000 | $9.2M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 8,113,000 | $8.6M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 5,987,000 | $8.3M | No change |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 4,915,000 | $7.9M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 6,515,000 | $7.7M | No change |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 280,000 | $7.6M | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 6,180,000 | $6.4M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 6,385,000 | $5.9M | No change |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 113,150 | $5.2M | New |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 1,000,000 | $4.7M | No change |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 100,000 | $4.1M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 2,500,000 | $3.3M | No change |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 2,000,000 | $2.7M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 2,500,000 | $2.5M | Add +66.7% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 2,250,000 | $2.4M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,000,000 | $2.4M | No change |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | 2,000,000 | $2.4M | No change |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | 2,000,000 | $2.4M | New |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 2,000,000 | $2.4M | No change |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 2,500,000 | $2.4M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 2,400,000 | $2.3M | New |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 2,000,000 | $2.2M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 2,000,000 | $2.1M | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 2,000,000 | $2.0M | No change |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | 2,000,000 | $2.0M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 2,000,000 | $2.0M | Add +33.3% |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 2,000,000 | $1.9M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 2,000,000 | $1.9M | No change |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 2,000,000 | $1.8M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 2,000,000 | $1.8M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,500,000 | $1.8M | No change |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 1,500,000 | $1.7M | No change |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 1,500,000 | $1.6M | No change |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 1,500,000 | $1.6M | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 1,500,000 | $1.6M | No change |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 1,000,000 | $1.2M | No change |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | 1,000,000 | $994K | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 1,000,000 | $991K | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 1,000,000 | $970K | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 1,000,000 | $956K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 1,000,000 | $904K | No change |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 1,000,000 | $894K | Add +100.0% |
Total filed on the 13F, all lines: $13.0B.
Portfolio Sells Q3 2024 → Q4 2024
| MCD McDonald's Corp. | Reduce -98.5% | 0.01% | −0.64 |
| WES Western Midstream Partners L | Reduce -43.9% | 0.83% | −0.63 |
| DHR Danaher Corp. | Reduce -85.0% | 0.08% | −0.60 |
| HON Honeywell International Inc. | Reduce -67.7% | 0.32% | −0.58 |
| DTE DTE Energy Company | Reduce -83.7% | 0.10% | −0.57 |
| FDX FedEx Corp. | Reduce -82.7% | 0.12% | −0.56 |
| JNJ Johnson & Johnson | Reduce -38.9% | 0.59% | −0.48 |
| ENB Enbridge Inc. | Reduce -48.9% | 0.42% | −0.36 |
| HD Home Depot Inc. | Reduce -54.2% | 0.26% | −0.33 |
| BARNES GROUP INC | Sold out | 0.00% | −0.29 |
| MC Moelis & Co. Class A | Sold out | 0.00% | −0.26 |
| VTWG Vanguard Russell 2000 Growth | Reduce -43.7% | 0.33% | −0.25 |
| SUM Summit Materials Inc. Class A | Reduce -94.9% | 0.02% | −0.23 |
| MRCY Mercury Systems Inc. | Sold out | 0.00% | −0.23 |
| AVNS Avanos Medical Inc. | Reduce -36.7% | 0.16% | −0.21 |
| NAPA The Duckhorn Portfolio Inc. | Sold out | 0.00% | −0.21 |
| VIAV Viavi Solutions Inc. | Reduce -45.9% | 0.31% | −0.20 |
| BAC Bank of America Corp. | Reduce -25.1% | 0.95% | −0.19 |
| PAGP Plains GP Holdings LP | Reduce -23.9% | 0.54% | −0.17 |
| PBA Pembina Pipeline Corp. | Reduce -26.2% | 0.33% | −0.16 |
| LNT Alliant Energy Corp. | Reduce -53.2% | 0.13% | −0.15 |
| NWE Northwestern Energy Group Inc. | Reduce -24.3% | 0.37% | −0.15 |
| HESM Hess Midstream LP Class A | Reduce -30.1% | 0.40% | −0.14 |
| AVA Avista Corp. | Reduce -22.9% | 0.36% | −0.13 |
| STR Sitio Royalties Corp. Class A | Reduce -20.5% | 0.35% | −0.13 |
| PIPR Piper Sandler Cos | Reduce -21.7% | 0.62% | −0.12 |
| GD General Dynamics Corp. | Reduce -1.2% | 0.78% | −0.12 |
| AM Antero Midstream Corp. | Reduce -32.6% | 0.25% | −0.12 |
| VBTX Veritex Holdings Inc. | Reduce -43.0% | 0.16% | −0.11 |
| GEL Genesis Energy L.P. | Reduce -4.7% | 0.29% | −0.11 |
| TPR Tapestry Inc. | Reduce -57.3% | 0.14% | −0.10 |
| XLP SS Consumer Staples Sel Sect | Reduce -66.3% | 0.05% | −0.10 |
| XLV SS Health Care Select Sector | Reduce -65.7% | 0.04% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -46.7% | 0.08% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -27.6% | 0.27% | −0.09 |
| TRP TC Energy Corp. | Reduce -10.3% | 0.70% | −0.09 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.09 |
| TLT iShares 20+ Year Treasury BD | Reduce -22.2% | 0.18% | −0.08 |
| OUT Outfront Media Inc. | Sold out | 0.00% | −0.08 |
| SMLF iShares US Smallcap Equity F | Sold out | 0.00% | −0.07 |
| FANG Diamondback Energy Inc. | Reduce -66.0% | 0.04% | −0.07 |
| MOG.A Moog Inc. Class A | Reduce -9.5% | 0.57% | −0.07 |
| CDP Copt Defense Properties | Reduce -11.7% | 0.70% | −0.07 |
| WMT Walmart Inc. | Reduce -19.1% | 0.73% | −0.07 |
| XPO Xpo Inc. | Reduce -43.1% | 0.15% | −0.07 |
| TFX Teleflex Inc. | Reduce -0.3% | 0.17% | −0.07 |
| PSA Public Storage | Reduce -3.3% | 0.25% | −0.06 |
| GMS GMS Inc. | Reduce -6.0% | 0.48% | −0.06 |
| DBRG Digitalbridge Group Inc. | Reduce -10.5% | 0.15% | −0.06 |
| WEC WEC Energy Group Inc. | Reduce -4.5% | 0.85% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| ET Energy Transfer LP | Add +18.2% | 2.49% | +0.78 |
| TMUS T-Mobile US Inc. | Add +360.9% | 0.92% | +0.74 |
| BLD Topbuild Corp. | New | 0.63% | +0.63 |
| KMI Kinder Morgan Inc. | Add +66.8% | 1.21% | +0.63 |
| TXNM TXNM Energy Inc. | New | 0.62% | +0.62 |
| DIS The Walt Disney Co. | Add +26324.0% | 0.59% | +0.58 |
| SO The Southern Co. | Add +1747.3% | 0.57% | +0.54 |
| SSB Southstate Bank Corp. | Add +2221.8% | 0.56% | +0.54 |
| DTM DT Midstream Inc. | Add +108.8% | 0.84% | +0.52 |
| TRGP Targa Resources Corp. | Add +13.9% | 1.43% | +0.40 |
| MRVL Marvell Technology Inc. | Add +405.6% | 0.44% | +0.39 |
| IPAR Interparfums Inc. | New | 0.36% | +0.36 |
| WFC Wells Fargo & Co. | Add +17.9% | 0.99% | +0.32 |
| HEES H&E Equipment Services Inc. | Add +2576.2% | 0.33% | +0.31 |
| DAL Delta Air Lines Inc. | New | 0.30% | +0.30 |
| YETI Yeti Holdings Inc. | New | 0.29% | +0.29 |
| BL Blackline Inc. | New | 0.27% | +0.27 |
| KNTK Kinetik Holdings Inc. | Add +78.3% | 0.48% | +0.27 |
| EPD Enterprise Products Partners | Add +11.1% | 1.42% | +0.24 |
| OKE Oneok Inc. | Add +7.7% | 1.40% | +0.23 |
| IVV iShares Core S&P 500 ETF | Add +225.6% | 0.32% | +0.22 |
| SEI Solaris Energy Infrastructur | New | 0.22% | +0.22 |
| GOOGL Alphabet Inc. Class A | Add +9.2% | 0.81% | +0.16 |
| ENLC Enlink Midstream LLC | Add +67.4% | 0.41% | +0.16 |
| TGT Target Corp. | New | 0.12% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +246.2% | 0.15% | +0.11 |
| APTV Aptiv PLC | New | 0.11% | +0.11 |
| MPLX MPLX LP | Add +5.0% | 0.85% | +0.10 |
| VTLE Vital Energy Inc. | Add +5.7% | 0.53% | +0.10 |
| VRRM Verra Mobility Corp. | Add +28.7% | 0.84% | +0.09 |
| PWP Perella Weinberg Partners | Add +0.8% | 0.39% | +0.08 |
| IJH iShares Core S&P Midcap ETF | Add +54.3% | 0.22% | +0.08 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +41.3% | 0.26% | +0.08 |
| LPLA LPL Financial Holdings Inc. | Add +20.3% | 0.18% | +0.07 |
| LULU Lululemon Athletica Inc. | Add +24.7% | 0.14% | +0.06 |
| CCB Coastal Financial Corp. | New | 0.06% | +0.06 |
| DKL Delek Logistics Partners LP | Add +187.9% | 0.09% | +0.06 |
| TKR Timken Co. | Add +68.5% | 0.16% | +0.05 |
| NEXT Nextdecade Corp. | Add +47.3% | 0.06% | +0.04 |
| FPI Farmland Partners Inc. | New | 0.04% | +0.04 |
| CACI Caci International Inc. Class A | Add +30.0% | 0.73% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +13.1% | 1.10% | +0.03 |
| COP Conocophillips | Add +37.0% | 0.13% | +0.03 |
| ARLO Arlo Technologies Inc. | Add +38.4% | 0.13% | +0.03 |
| RYN Rayonier Inc. | New | 0.03% | +0.03 |
| GEV GE Vernova Inc. | Add +216.9% | 0.04% | +0.03 |
| PLYM Plymouth Industrial REIT Inc. | Add +33.0% | 0.50% | +0.03 |
| MDST Westwd Sat Encd Mdstr in ETF | Add +1.1% | 0.35% | +0.03 |
| BLK BlackRock Inc. | New | 0.03% | +0.03 |
| IWD iShares Russell 1000 Value E | Add +29.1% | 0.12% | +0.03 |
Notes & Other Activity Q3 2024 → Q4 2024
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | Sold out | 1,900,000 | $262.0Mbefore exit |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | Sold out | 2,500,000 | $248.1Mbefore exit |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Sold out | 2,000,000 | $206.2Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 2,000,000 | $196.2Mbefore exit |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | Sold out | 1,000,000 | $88.0Mbefore exit |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Sold out | 180,000 | $11.1Mbefore exit |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 180,000 | $11.0M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | New | 113,150 | $5.2M |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 2,000,000 | $2.7M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Add +66.7% | 2,500,000 | $2.5M |
| VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) | NOTE 2.875% 6/0 · principal | New | 2,000,000 | $2.4M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 2,400,000 | $2.3M |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Add +33.3% | 2,000,000 | $2.0M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +100.0% | 1,000,000 | $894K |
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 |