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

0$5.0B$10.0B$15.0B Q1 2024: $12.6B Q1 2024 Q2 2024: $12.1B Q2 2024 Q3 2024: $12.9B Q3 2024 Q4 2024: $12.8B $12.8B Q4 2024 Q1 2025: $13.1B Q1 2025 Q2 2025: $13.7B Q2 2025 Q3 2025: $13.8B Q3 2025 Q4 2025: $12.1B Q4 2025 Q1 2026: $13.7B Q1 2026 Q2 2026: $13.2B Q2 2026

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%

Show all 439 holdings

Other holdings (44): bonds, preferreds, convertibles and warrants · $161.1M (not counted above)
SecurityClassShares / PrincipalValueChange
HP ENTERPRISE CO (HPE 7.625 09/01/27) 7.625 MAND CONV 260,000$16.3MNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 180,000$11.0MNew
RLJ LODGING TRUST (RLJ 1.95 PERP A) CUM CONV PFD A 375,000$9.2MNo change
AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) NOTE 0.125% 5/0 · principal 8,113,000$8.6MNo change
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) NOTE 3.125% 1/1 · principal 5,987,000$8.3MNo change
INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) NOTE 2.125% 2/1 · principal 4,915,000$7.9MNo change
NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) NOTE 3.625% 4/1 · principal 6,515,000$7.7MNo change
EPR PROPERTIES (EPR 9 PERP E) CONV PFD 9% SR E 280,000$7.6MNo change
CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) NOTE 4.250% 8/1 · principal 6,180,000$6.4MNo change
EXACT SCIENCES CORP (EXAS 0.375 03/15/27) NOTE 0.375% 3/1 · principal 6,385,000$5.9MNo change
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 113,150$5.2MNew
ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) NOTE 6.000% 8/1 · principal 1,000,000$4.7MNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 100,000$4.1MNo change
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) NOTE 2.625%12/1 · principal 2,500,000$3.3MNo change
WESTERN DIGITAL CORP (WDC 3 11/15/28) NOTE 3.000%11/1 · principal 2,000,000$2.7MNew
JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) NOTE 2.000% 6/1 · principal 2,500,000$2.5MAdd +66.7%
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) NOTE 1.000% 8/1 · principal 2,250,000$2.4MNo change
TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) NOTE 0.250% 3/1 · principal 2,000,000$2.4MNo change
PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) NOTE 1.000% 4/1 · principal 2,000,000$2.4MNo change
VEECO INSTRUMENTS INC (VECO 2.875 06/01/29) NOTE 2.875% 6/0 · principal 2,000,000$2.4MNew
POST HOLDINGS INC (POST 2.5 08/15/27) NOTE 2.500% 8/1 · principal 2,000,000$2.4MNo change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) NOTE 0.500% 3/0 · principal 2,500,000$2.4MNo change
LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) NOTE 0.500% 6/1 · principal 2,400,000$2.3MNew
SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) NOTE 0.500% 8/0 · principal 2,000,000$2.2MNo change
CMS ENERGY CORP (CMS 3.375 05/01/28) NOTE 3.375% 5/0 · principal 2,000,000$2.1MNo change
DROPBOX INC (DBX 0 03/01/28) NOTE 3/0 · principal 2,000,000$2.0MNo change
ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) NOTE 1.500% 9/0 · principal 2,000,000$2.0MNo change
EXPEDIA GROUP INC (EXPE 0 02/15/26) NOTE 2/1 · principal 2,000,000$2.0MAdd +33.3%
BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) NOTE 0.125% 1/1 · principal 2,000,000$1.9MNo change
FORD MOTOR COMPANY (F 0 03/15/26) NOTE 3/1 · principal 2,000,000$1.9MNo change
DEXCOM INC (DXCM 0.375 05/15/28) NOTE 0.375% 5/1 · principal 2,000,000$1.8MNo change
EXACT SCIENCES CORP (EXAS 0.375 03/01/28) NOTE 0.375% 3/0 · principal 2,000,000$1.8MNo change
TETRA TECH INC (TTEK 2.25 08/15/28) DBCV 2.250% 8/1 · principal 1,500,000$1.8MNo change
SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) NOTE 1.250% 9/1 · principal 1,500,000$1.7MNo change
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) NOTE 2.500% 9/1 · principal 1,500,000$1.6MNo change
WORKIVA INC (WK 1.25 08/15/28) NOTE 1.250% 8/1 · principal 1,500,000$1.6MNo change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) NOTE 2.875% 3/1 · principal 1,500,000$1.6MNo change
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) NOTE 2.250% 8/1 · principal 1,000,000$1.2MNo change
PEGASYSTEMS INC (PEGA 0.75 03/01/25) NOTE 0.750% 3/0 · principal 1,000,000$994KNo change
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) NOTE 1.750% 6/1 · principal 1,000,000$991KNo change
ETSY INC (ETSY 0.125 10/01/26) NOTE 0.125%10/0 · principal 1,000,000$970KNo change
RAPID7 INC (RPD 1.25 03/15/29) NOTE 1.250% 3/1 · principal 1,000,000$956KNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) NOTE 2.250% 9/1 · principal 1,000,000$904KNo change
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) NOTE 12/0 · principal 1,000,000$894KAdd +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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 617$13.2BWMB, VEA, ET, BIL, KMI
Q1 2026 452$13.7BWMB, ET, BIL, VEA, KMI
Q4 2025 426$12.1BVEA, WMB, KMI, LNG, TRGP
Q3 2025 433$13.8BET, WMB, VEA, KMI, LNG
Q2 2025Amended 419$13.7BET, WMB, VEA, MSFT, KMI
Q1 2025 416$13.1BET, WMB, OKE, TRGP, MSFT
Q4 2024 439$12.8BET, WMB, MSFT, JPM, TRGP
Q3 2024 424$12.9BET, MSFT, WMB, JPM, WES
Q2 2024 412$12.1BET, MSFT, LNG, AAPL, JPM
Q1 2024Amended 414$12.6BET, MSFT, JPM, LNG, OKE