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%
IPAR Interparfums Inc. 0.36% 354,715 $46.6M New
PZZA Papa John's Intl Inc. 0.36% 1,117,238 $45.9M Add +8.3%
STR Sitio Royalties Corp. Class A 0.35% 2,369,121 $45.4M Reduce -20.5%
CCOI Cogent Communications Holdin 0.35% 584,385 $45.0M Reduce -5.8%
PGR Progressive Corp. 0.35% 187,334 $44.9M Add +0.4%
MDST Westwd Sat Encd Mdstr in ETF 0.35% 1,638,810 $44.7M Add +1.1%
AZZ Azz Inc. 0.35% 544,349 $44.6M Reduce -13.0%
VTWG Vanguard Russell 2000 Growth 0.33% 204,410 $43.0M Reduce -43.7%
PBA Pembina Pipeline Corp. 0.33% 1,140,830 $42.2M Reduce -26.2%
HEES H&E Equipment Services Inc. 0.33% 855,476 $41.9M Add +2576.2%
HON Honeywell International Inc. 0.32% 180,465 $40.8M Reduce -67.7%
IVV iShares Core S&P 500 ETF 0.32% 69,196 $40.7M Add +225.6%
VIAV Viavi Solutions Inc. 0.31% 3,905,477 $39.4M Reduce -45.9%
DAL Delta Air Lines Inc. 0.30% 640,079 $38.7M New
ETN Eaton Corp. PLC 0.30% 116,424 $38.6M Reduce -1.2%
GOOG Alphabet Inc. Class C 0.30% 202,662 $38.6M Reduce -0.7%
GEL Genesis Energy L.P. 0.29% 3,722,189 $37.6M Reduce -4.7%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.29% 963,334 $37.1M New
NVDA Nvidia Corp. 0.29% 276,001 $37.1M Reduce -6.6%
IDA Idacorp Inc. 0.28% 326,988 $35.7M Reduce -10.5%
SFNC Simmons First Natl Corp. Class A 0.27% 1,583,740 $35.1M Reduce -0.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 59,754 $35.0M Reduce -27.6%
BL Blackline Inc. 0.27% 574,848 $34.9M New
BANR Banner Corporation 0.27% 512,983 $34.3M Reduce -17.3%
TSM Taiwan Semiconductor-SP ADR 0.27% 172,944 $34.2M Reduce -3.8%
BIL SS SPDR BB 1-3M T-Bill ETF 0.26% 371,285 $33.9M Add +41.3%
HD Home Depot Inc. 0.26% 86,961 $33.8M Reduce -54.2%
NTB Bank of N.T. Butterfield&son 0.26% 915,465 $33.5M Reduce -0.5%
IOSP Innospec Inc. 0.26% 298,096 $32.8M Add +1.1%
AM Antero Midstream Corp. 0.25% 2,147,598 $32.4M Reduce -32.6%
SAH Sonic Automotive Inc. Class A 0.25% 508,193 $32.2M Reduce -12.2%
PSA Public Storage 0.25% 106,932 $32.0M Reduce -3.3%
BOOT Boot Barn Holdings Inc. 0.25% 210,875 $32.0M Add +4.4%
CENTA Central Garden and Pet Co. Class A 0.25% 961,615 $31.8M Add +1.5%
AMKR Amkor Technology Inc. 0.25% 1,228,895 $31.6M Reduce -0.5%
AMSF Amerisafe Inc. 0.24% 604,808 $31.2M Reduce -8.2%
PAA Plains All Amer Pipeline LP 0.24% 1,821,908 $31.1M Reduce -1.2%
CHRD Chord Energy Corp. 0.24% 260,607 $30.5M Add +11.4%
CMG Chipotle Mexican Grill Inc. 0.23% 491,357 $29.6M Add +0.1%
RSP Invesco S&P 500 Equal Weight 0.23% 167,978 $29.4M Add +11.8%
GBCI Glacier Bancorp Inc. 0.23% 579,568 $29.1M Reduce -18.6%
SHO Sunstone Hotel Investors Inc. 0.23% 2,451,354 $29.0M Reduce -17.6%
IJH iShares Core S&P Midcap ETF 0.22% 453,662 $28.3M Add +54.3%
SEI Solaris Energy Infrastructur 0.22% 979,736 $28.2M New
VLO Valero Energy Corp. 0.22% 229,889 $28.2M Add +0.1%
BWXT BWX Technologies Inc. 0.22% 252,915 $28.2M Reduce -3.2%
ITGR Integer Holdings Corp. 0.22% 211,781 $28.1M Reduce -1.4%
ZTS Zoetis Inc. 0.22% 170,105 $27.7M Add +0.9%
HXL Hexcel Corp. 0.20% 413,107 $25.9M No change
MSI Motorola Solutions Inc. 0.20% 55,542 $25.7M Reduce -1.1%
AVTR Avantor Inc. 0.20% 1,199,260 $25.3M Add +21.1%
LAD Lithia Motors Inc. 0.20% 70,197 $25.1M Reduce -22.9%
WTFC Wintrust Financial Corp. 0.20% 200,981 $25.1M Reduce -20.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 206,449 $24.9M Reduce -1.3%
TXN Texas Instruments Inc. 0.19% 131,569 $24.7M Reduce -0.3%
CRWD CrowdStrike Holdings Inc. Class A 0.19% 71,876 $24.6M Reduce -4.4%
IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L 0.18% 985,314 $23.4M Reduce -11.2%
COO The Cooper Cos Inc. 0.18% 253,745 $23.3M Add +6.0%
TLT iShares 20+ Year Treasury BD 0.18% 265,207 $23.2M Reduce -22.2%
LPLA LPL Financial Holdings Inc. 0.18% 70,276 $22.9M Add +20.3%
WAL Western Alliance Bancorp 0.17% 267,190 $22.3M Reduce -5.3%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.17% 248,993 $22.2M Add +2.8%
CCK Crown Holdings Inc. 0.17% 267,381 $22.1M Reduce -1.6%
REXR Rexford Industrial Realty Inc. 0.17% 567,045 $21.9M Add +9.6%
MLM Martin Marietta Materials 0.17% 42,393 $21.9M Reduce -1.0%
GILD Gilead Sciences Inc. 0.17% 236,324 $21.8M Reduce -10.9%
TFX Teleflex Inc. 0.17% 122,351 $21.8M Reduce -0.3%
VBTX Veritex Holdings Inc. 0.16% 766,181 $20.8M Reduce -43.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 94,016 $20.7M Reduce -10.4%
OWL Blue Owl Capital Inc. 0.16% 881,869 $20.5M Reduce -0.6%
AVNS Avanos Medical Inc. 0.16% 1,260,569 $20.1M Reduce -36.7%
TKR Timken Co. 0.16% 279,916 $20.0M Add +68.5%
XPO Xpo Inc. 0.15% 151,197 $19.8M Reduce -43.1%
DOX Amdocs Ltd. 0.15% 232,595 $19.8M Reduce -0.8%
QQQ Invesco QQQ Trust Series 1 0.15% 38,218 $19.5M Add +246.2%
RNR Renaissancere Holdings Ltd. 0.15% 77,421 $19.3M Reduce -3.2%
DBRG Digitalbridge Group Inc. 0.15% 1,707,385 $19.3M Reduce -10.5%
J Jacobs Solutions Inc. 0.15% 142,682 $19.1M Reduce -0.6%
LOW Lowe's Cos Inc. 0.15% 76,469 $18.9M Reduce -4.5%
XLC SS Comm Select Sector SPDR 0.15% 194,701 $18.8M Reduce -1.3%
TPR Tapestry Inc. 0.14% 280,086 $18.3M Reduce -57.3%
AXTA Axalta Coating Systems Ltd. 0.14% 534,246 $18.3M Reduce -2.0%
LULU Lululemon Athletica Inc. 0.14% 46,638 $17.8M Add +24.7%
DUOL Duolingo 0.13% 52,591 $17.1M Reduce -3.9%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.13% 297,752 $16.8M Reduce -12.3%
ARLO Arlo Technologies Inc. 0.13% 1,474,778 $16.5M Add +38.4%
LNT Alliant Energy Corp. 0.13% 275,040 $16.3M Reduce -53.2%
COP Conocophillips 0.13% 163,301 $16.2M Add +37.0%
VTR Ventas Inc. 0.13% 272,832 $16.1M Reduce -13.3%
TGT Target Corp. 0.12% 115,595 $15.6M New
FDX FedEx Corp. 0.12% 55,413 $15.6M Reduce -82.7%
PEGA Pegasystems Inc. 0.12% 166,630 $15.5M Reduce -11.3%
DFS Discover Financial Services 0.12% 87,889 $15.2M Reduce -13.1%
IWD iShares Russell 1000 Value E 0.12% 81,881 $15.2M Add +29.1%
PR Permian Resources Corp. Class A 0.11% 985,866 $14.2M Add +0.9%
APTV Aptiv PLC 0.11% 230,367 $13.9M New
AGCO Agco Corp. 0.11% 146,713 $13.7M Reduce -1.5%
DE Deere & Co. 0.11% 32,264 $13.7M Reduce -0.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.10% 176,462 $13.4M Add +2.5%
DTE DTE Energy Company 0.10% 110,506 $13.3M Reduce -83.7%
AIG American International Group 0.10% 180,865 $13.2M Reduce -11.1%
CSCO Cisco Systems Inc. 0.10% 222,180 $13.2M Reduce -8.6%
ARM Arm Holdings PLC-ADR 0.10% 104,912 $12.9M Reduce -4.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.10% 30,887 $12.7M Reduce -0.0%
BIO Bio-Rad Laboratories-A 0.10% 38,290 $12.6M Reduce 0.0%
RGLD Royal Gold Inc. 0.10% 95,322 $12.6M Add +1.5%
IWM iShares Russell 2000 ETF 0.10% 56,340 $12.4M Reduce -3.3%
ELS Equity Lifestyle Properties 0.10% 185,168 $12.3M Add +8.6%
XLF SS Financial Select Sector 0.10% 254,591 $12.3M Reduce -1.2%
COLD Americold Realty Trust Inc. 0.09% 566,236 $12.1M Reduce -8.6%
AVGO Broadcom Inc. 0.09% 51,973 $12.0M Reduce -5.2%
COST Costco Wholesale Corp. 0.09% 13,008 $11.9M Add +17.1%
ILMN Illumina Inc. 0.09% 87,918 $11.7M Reduce -2.3%
WEEI Wstwd Sal Enhnc Engy Inm ETF 0.09% 536,248 $11.7M Add +0.3%
DKL Delek Logistics Partners LP 0.09% 273,220 $11.5M Add +187.9%
WFRD Weatherford International PL 0.09% 161,065 $11.5M Add +17.4%
MKTX Marketaxess Holdings Inc. 0.09% 50,641 $11.4M Reduce -0.0%
DHR Danaher Corp. 0.08% 47,393 $10.9M Reduce -85.0%
MRK Merck & Co. Inc. 0.08% 108,385 $10.8M Reduce -46.7%
CMS CMS Energy Corp. 0.08% 155,241 $10.3M Add +1.7%
CCI Crown Castle Inc. 0.08% 113,340 $10.3M Reduce -11.8%
MDT Medtronic PLC 0.08% 125,255 $10.0M Reduce -10.2%
ESS Essex Property Trust Inc. 0.08% 34,585 $9.9M Reduce -12.3%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.07% 237,972 $9.1M Reduce -11.9%
CTVA Corteva Inc. 0.07% 157,829 $9.0M Add +0.1%
SOBO South Bow Corp. 0.07% 377,310 $8.9M Reduce -12.7%
REGN Regeneron Pharmaceuticals 0.07% 12,024 $8.6M Reduce -0.7%
NEXT Nextdecade Corp. 0.06% 1,075,532 $8.3M Add +47.3%
MKC McCormick & Co.-Non VTG SHRS 0.06% 105,577 $8.0M Reduce -1.9%
BXP BXP Inc. 0.06% 105,385 $7.8M Add +23.4%
NNN NNN REIT Inc. 0.06% 188,515 $7.7M Reduce -12.3%
CCB Coastal Financial Corp. 0.06% 89,742 $7.6M New
CSR Centerspace 0.06% 113,104 $7.5M Add +13.4%
BXMT Blackstone Mortgage Tru Class A 0.06% 425,000 $7.4M Add +13.3%
ICE Intercontinental Exchange Inc. 0.06% 48,769 $7.3M Reduce -9.8%
GTY Getty Realty Corp. 0.05% 225,000 $6.8M No change
CDNS Cadence Design SYS Inc. 0.05% 21,839 $6.6M Reduce -15.2%
ITOT iShares Core S&P Total U.S. 0.05% 50,976 $6.6M No change
WY Weyerhaeuser Co. 0.05% 231,541 $6.5M Reduce -3.0%
RVTY Revvity Inc. 0.05% 57,927 $6.5M No change
SHW The Sherwin-Williams Co. 0.05% 18,979 $6.5M Add +0.1%
WCN Waste Connections Inc. 0.05% 37,480 $6.4M Add +0.0%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.05% 56,816 $6.3M No change
MPWR Monolithic Power Systems Inc. 0.05% 10,467 $6.2M Reduce -0.3%
IUSG iShares Core S&P U.S. Growth 0.05% 43,034 $6.0M Reduce -0.3%
APLE Apple Hospitality REIT Inc. 0.05% 388,414 $6.0M No change
GLPI Gaming and Leisure Propertie 0.05% 123,400 $5.9M Reduce -24.5%
XLP SS Consumer Staples Sel Sect 0.05% 73,940 $5.8M Reduce -66.3%
VONV Vanguard Russell 1000 Value 0.04% 69,309 $5.6M Reduce -0.6%
SNPS Synopsys Inc. 0.04% 11,234 $5.5M Add +0.0%
XLV SS Health Care Select Sector 0.04% 39,453 $5.4M Reduce -65.7%
INVH Invitation Homes Inc. 0.04% 165,000 $5.3M No change
HCA HCA Healthcare Inc. 0.04% 17,544 $5.3M No change
MU Micron Technology Inc. 0.04% 61,963 $5.2M Reduce -12.4%
B Barrick Gold Corp. 0.04% 313,163 $4.9M Reduce -10.8%
STE Steris PLC 0.04% 23,046 $4.7M No change
FPI Farmland Partners Inc. 0.04% 400,000 $4.7M New
DELL Dell Technologies -C 0.04% 40,556 $4.7M Add +6.0%
FANG Diamondback Energy Inc. 0.04% 27,976 $4.6M Reduce -66.0%
GEV GE Vernova Inc. 0.04% 13,887 $4.6M Add +216.9%
TYL Tyler Technologies Inc. 0.04% 7,919 $4.6M Reduce -10.8%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.03% 35,850 $4.5M No change
AVB Avalonbay Communities Inc. 0.03% 20,000 $4.4M Reduce -24.0%
ADBE Adobe Inc. 0.03% 9,460 $4.2M Add +2.6%
AMT American Tower Corp. 0.03% 22,581 $4.1M Add +15.4%
AGG iShares Core U.S. Aggregate 0.03% 42,505 $4.1M Add +267.6%
BRK.A Berkshire Hathaway Inc. Class A 0.03% 6 $4.1M No change
LLY Eli Lilly & Co. 0.03% 5,276 $4.1M Add +36.5%
LHX L3HARRIS Technologies Inc. 0.03% 19,009 $4.0M Add +8.9%
RYN Rayonier Inc. 0.03% 140,000 $3.7M New
VZ Verizon Communications Inc. 0.03% 82,099 $3.3M Add +3.5%
BLK BlackRock Inc. 0.03% 3,183 $3.3M New
KO The Coca-Cola Co. 0.03% 52,329 $3.3M Reduce -27.6%
AMGN Amgen Inc. 0.02% 11,975 $3.1M Reduce -20.4%
FCX Freeport-McMoran Inc. 0.02% 80,895 $3.1M Reduce -8.4%
VEU Vanguard Ftse All-World Ex-U 0.02% 52,349 $3.0M No change
CB Chubb Ltd. 0.02% 10,799 $3.0M Add +63.3%
APO Apollo Global Management Inc. 0.02% 17,550 $2.9M New
TSLA Tesla Inc. 0.02% 7,122 $2.9M Reduce -31.4%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.02% 26,782 $2.9M Reduce -3.8%
T AT&T Inc. 0.02% 120,278 $2.7M Reduce -0.3%
GE General Electric filed as GE AEROSPACE 0.02% 15,618 $2.6M Add +11.5%
PRME Prime Medicine Inc. 0.02% 883,129 $2.6M Add +96.5%
EMR Emerson Electric Co. 0.02% 20,480 $2.5M Add +12.4%
WSM Williams-Sonoma Inc. 0.02% 13,086 $2.4M No change
CLX Clorox Company 0.02% 14,783 $2.4M No change
PWR Quanta Services Inc. 0.02% 7,392 $2.3M New
BIV Vanguard Intermediate-Term B 0.02% 30,479 $2.3M Add +0.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.02% 2,137 $2.3M New
VXUS Vanguard Total Intl Stock 0.02% 36,713 $2.2M No change
CAT Caterpillar Inc. 0.02% 5,903 $2.1M Add +1.0%
SUM Summit Materials Inc. Class A 0.02% 41,713 $2.1M Reduce -94.9%
CRSP Crispr Therapeutics AG 0.02% 53,102 $2.1M Add +18.1%
IWF iShares Russell 1000 Growth 0.02% 5,197 $2.1M Add +12.8%
DOCU Docusign Inc. 0.02% 22,905 $2.1M New
KR Kroger Co. 0.02% 33,390 $2.0M No change
SW Smurfit Westrock PLC 0.02% 37,753 $2.0M Reduce -3.3%
ACIC American Coastal Insurance C 0.02% 150,735 $2.0M No change
ABBV Abbvie Inc. 0.02% 11,380 $2.0M Reduce -0.8%
MCK McKesson Corp. 0.01% 3,375 $1.9M Reduce -14.6%
SPGI S&P Global Inc. 0.01% 3,737 $1.9M Add +199.2%
ROK Rockwell Automation Inc. 0.01% 6,278 $1.8M Reduce -24.9%
VHT Vanguard Health Care ETF 0.01% 7,016 $1.8M New
SUN Sunoco LP 0.01% 33,396 $1.7M No change
LIN Linde PLC 0.01% 4,038 $1.7M Add +527.0%
PANW Palo Alto Networks Inc. 0.01% 9,069 $1.7M Reduce -43.9%
PG The Procter & Gamble Co. 0.01% 9,746 $1.6M Add +23.4%
PFS Provident Financial Services 0.01% 81,977 $1.5M Reduce -13.4%
RIVN Rivian Automotive Inc. Class A 0.01% 110,505 $1.5M Add +22.6%
BMY Bristol-Myers Squibb Co. 0.01% 25,191 $1.4M Add +397.2%
SPTM SS SPDR P S&P 1500 Comp ETF 0.01% 19,863 $1.4M No change
AVNT Avient Corp. 0.01% 34,480 $1.4M Reduce -13.8%
GRAL Grail Inc. 0.01% 77,789 $1.4M Reduce -31.6%
NOVAQ Sunnova Energy International 0.01% 381,484 $1.3M New
IEMG iShares Core MSCI Emerging 0.01% 24,952 $1.3M Reduce -2.5%
SNOW Snowflake Inc. 0.01% 8,374 $1.3M Reduce -45.8%
VRTX Vertex Pharmaceuticals Inc. 0.01% 3,165 $1.3M New
RBLX Roblox Corp. Class A 0.01% 21,577 $1.2M Reduce -49.6%
NET Cloudflare Inc. Class A 0.01% 11,396 $1.2M Reduce -28.0%
MCD McDonald's Corp. 0.01% 4,183 $1.2M Reduce -98.5%
PFF iShares Preferred & Income S 0.01% 37,707 $1.2M Reduce -9.3%
TMO Thermo Fisher Scientific Inc. 0.01% 2,239 $1.2M Add +0.1%
PSX Phillips 66 0.01% 10,186 $1.2M Add +39.3%
DKS Dick's Sporting Goods Inc. 0.01% 4,963 $1.1M Add +6.1%
ADP Automatic Data Processing 0.01% 3,739 $1.1M New
AMD Advanced Micro Devices 0.01% 8,998 $1.1M Reduce -18.6%
RDDT Reddit Inc. Class A 0.01% 6,633 $1.1M Add +0.1%
VOO Vanguard S&P 500 ETF 0.01% 2,002 $1.1M Reduce -0.1%
DOC Healthpeak Properties Inc. 0.01% 52,334 $1.1M Reduce -5.8%
IJR iShares Core S&P Small-Cap E 0.01% 8,426 $971K Reduce -7.2%
MP MP Materials Corp. 0.01% 60,211 $939K Reduce -28.4%
ADI Analog Devices Inc. 0.01% 4,375 $930K New
FLNC Fluence Energy Inc. 0.01% 58,216 $924K Reduce -57.7%
XYZ Block Inc. 0.01% 10,549 $897K New
IBIT iShares Bitcoin Trust ETF 0.01% 16,741 $888K New
FBNC First Bancorp 0.01% 19,868 $874K Reduce -2.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.01% 29,710 $868K Reduce -1.4%
CME Cme Group Inc. 0.01% 3,682 $855K Add +9.0%
MEOH Methanex Corp. 0.01% 17,115 $855K No change
EQIX Equinix Inc. 0.01% 900 $849K No change
ITW Illinois Tool Works 0.01% 3,148 $798K New
BP BP PLC-Spons ADR 0.01% 26,917 $796K Add +40.8%
THRM Gentherm Inc. 0.01% 19,573 $781K Reduce -23.4%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.01% 2,870 $774K No change
VGT Vanguard Info Tech ETF 0.01% 1,213 $754K No change
ZK Zeekr Intelligent Techno-ADR 0.01% 26,194 $743K Reduce -67.5%
CQP Cheniere Energy Partners LP 0.01% 13,845 $735K Reduce -0.0%
PECO Phillips Edison & Company Inc. 0.01% 19,500 $730K No change
FCPT Four Corners Property Trust 0.01% 26,544 $720K Reduce -2.3%
IWV iShares Russell 3000 ETF 0.01% 2,112 $706K Add +42.4%
ORCL Oracle Corp. 0.01% 4,064 $677K Reduce -0.9%
TWST Twist Bioscience Corp. 0.01% 14,138 $657K New
KIM Kimco Realty Corp. 0.01% 27,469 $644K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.01% 8,927 $641K No change
NFLX Netflix Inc. 0.00% 709 $632K No change
AMTM Amentum Holdings Inc. 0.00% 28,890 $608K Add +169.8%
MA Mastercard Inc. Class A 0.00% 1,111 $585K Reduce -0.5%
MO Altria Group Inc. 0.00% 11,129 $582K Reduce -9.3%
VECO Veeco Instruments Inc. 0.00% 21,015 $563K Add +116.6%
SMFG Sumitomo Mitsui-Spons ADR 0.00% 38,627 $560K Reduce -9.7%
CRGY Crescent Energy Inc. Class A 0.00% 37,593 $549K No change
TFC Truist Financial Corp. 0.00% 12,491 $542K Reduce -9.7%
AHR American Healthcare REIT Inc. 0.00% 18,508 $526K Reduce -2.4%
CL Colgate-Palmolive Co. 0.00% 5,708 $519K Add +31.8%
PHYS Sprott Physical Gold Trust 0.00% 25,499 $514K New
QCOM Qualcomm Inc. 0.00% 3,313 $509K Add +2.1%
BOKF Bok Financial Corporation 0.00% 4,639 $494K No change
MPC Marathon Petroleum Corp. 0.00% 3,534 $493K Reduce -9.1%
TXRH Texas Roadhouse Inc. 0.00% 2,699 $487K Reduce -0.1%
TRI Thomson Reuters Corp. 0.00% 2,889 $463K No change
PB Prosperity Bancshares Inc. 0.00% 6,149 $463K Reduce -8.6%
VWO Vanguard Ftse Emerging Marke 0.00% 10,091 $444K Reduce -14.8%
DLR Digital Realty Trust Inc. 0.00% 2,500 $443K Reduce -92.8%
SCHD Schwab US DVD Equity ETF 0.00% 16,163 $442K No change
OXY Occidental Petroleum Corp. 0.00% 8,883 $439K Reduce -0.6%
PAYX Paychex Inc. 0.00% 3,096 $434K New
DVN Devon Energy Corp. 0.00% 13,229 $433K Reduce -7.6%
BKR Baker Hughes Co. 0.00% 10,518 $431K No change
BX Blackstone Inc. 0.00% 2,482 $428K Reduce -0.0%
GPOR Gulfport Energy Corp. 0.00% 2,276 $419K New
VTI VG Morningstar TS MKT ETF-US 0.00% 1,424 $413K Add +19.7%
CNI Canadian Natl Railway Co. 0.00% 4,026 $409K Add +0.7%
AFL Aflac Inc. 0.00% 3,897 $403K New
PSEC Prospect Capital Corp. 0.00% 93,246 $402K No change
IVW iShares S&P 500 Growth ETF 0.00% 3,918 $398K Add +12.4%
BN Brookfield Corp. 0.00% 6,921 $398K No change
NOW ServiceNow Inc. 0.00% 359 $381K Reduce -2.2%
SBUX Starbucks Corp. 0.00% 4,162 $380K New
RIOT Riot Platforms Inc. 0.00% 37,125 $379K Add +83.5%
SPFI South Plains Financial Inc. 0.00% 10,735 $373K No change
HTH Hilltop Holdings Inc. 0.00% 12,959 $371K No change
XLK SS Technology Select Sector 0.00% 1,526 $355K Reduce -2.7%
BKNG Booking Holdings Inc. 0.00% 70 $348K New
RY Royal Bank of Canada 0.00% 2,875 $346K No change
SYY Sysco Corp. 0.00% 4,502 $344K No change
MBIN Merchants Bancorp 0.00% 9,407 $343K Reduce -11.0%
SBR Sabine Royalty Trust 0.00% 5,284 $342K Add +0.4%
ARIS WATER SOLUTIONS INC-A 0.00% 13,844 $332K New
NKE Nike Inc. Class B 0.00% 4,340 $328K New
FNX First Trust Mid Cap Core Alp 0.00% 2,811 $325K No change
EPS Wisdomtree US Large Cap Fund 0.00% 5,113 $313K No change
NOC Northrop Grumman Corp. 0.00% 653 $306K No change
THR Thermon Group Holdings Inc. 0.00% 10,526 $303K Reduce -2.2%
EQT Eqt Corp. 0.00% 6,561 $303K No change
CMCSA Comcast Corp. Class A 0.00% 7,701 $289K Add +20.2%
MFC Manulife Financial Corp. 0.00% 9,343 $287K No change
MMM 3M Co. 0.00% 2,215 $286K No change
MDLZ Mondelez International Inc. Class A 0.00% 4,632 $277K Reduce -5.8%
CSL Carlisle Cos Inc. 0.00% 743 $274K New
IJK iShares S&P Mid-Cap 400 Grow 0.00% 2,993 $272K No change
AEP American Electric Power 0.00% 2,883 $266K Add +4.1%
HST Host Hotels & Resorts Inc. 0.00% 15,000 $263K Reduce -35.3%
HAL Halliburton Co. 0.00% 9,592 $261K No change
PPG PPG Industries Inc. 0.00% 2,163 $258K New
USMV iShares MSCI USA Min Vol Fac 0.00% 2,875 $255K Reduce -2.2%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.00% 3,241 $255K Add +0.1%
EFA iShares MSCI Eafe ETF 0.00% 3,345 $253K New
METC Ramaco Resources Inc. Class A 0.00% 24,055 $247K New
AROC Archrock Inc. 0.00% 9,815 $244K New
HUDSON PAC PPTYS INC 0.00% 80,000 $242K No change
TPL Texas Pacific Land Corp. 0.00% 216 $239K New
IAU iShares Gold Trust 0.00% 4,792 $237K No change
DD Dupont DE Nemours Inc. 0.00% 3,088 $235K Add +0.0%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.00% 2,336 $227K No change
BBJP JPMorgan Betabuilders Japan 0.00% 4,126 $226K New
CCJ Cameco Corp. 0.00% 4,405 $226K Reduce -3.3%
MBB iShares MBS ETF 0.00% 2,449 $225K Reduce -50.6%
IJJ iShares S&P Mid-Cap 400 Valu 0.00% 1,770 $221K No change
C Citigroup Inc. 0.00% 3,138 $221K Reduce -12.3%
LMT Lockheed Martin Corp. 0.00% 443 $215K Add +0.2%
YUM Yum! Brands Inc. 0.00% 1,600 $215K No change
CTRA Coterra Energy Inc. 0.00% 8,127 $208K New
MS Morgan Stanley 0.00% 1,621 $204K New
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.00% 10,263 $183K No change
SOFI Sofi Technologies Inc. 0.00% 10,646 $164K No change
WGHTQ WW International Inc. filed as WW INTL INC 0.00% 116,014 $147K Reduce -94.8%
VERV Verve Therapeutics Inc. 0.00% 26,097 $147K No change
BBVA Banco Bilbao Vizcaya-SP ADR 0.00% 12,785 $124K Reduce -7.4%
LPRO Open Lending Corp. 0.00% 10,000 $60K No change
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