Zurcher Kantonalbank (Zurich Cantonalbank)
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,491 stock positions worth $40.8 billion. Its top holding was Nvidia (NVDA) at 6.3% of the portfolio, followed by Microsoft (MSFT, 5.6%) and UBS Group AG-Reg (UBS, 4.9%). Compared with Q1 2025, it opened 36 new positions, sold out of 96, added to 1,264 and reduced 636. The biggest buy was Nvidia (NVDA, shares +7%) and the biggest sale Procter & Gamble (PG, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001368163
- Portfolio Value
- $40.8B (Q2 2025)
- SEC Filing
- 0000947871-25-000725 ↗ filed Aug 7, 2025
Holdings Value
Holdings 2,491 stocks · $40.8B
| NVDA Nvidia Corp. | 6.28% | 16,225,129 | $2.6B | Add +7.4% |
| MSFT Microsoft Corp. | 5.58% | 4,576,469 | $2.3B | Add +8.1% |
| UBS UBS Group AG-Reg | 4.92% | 59,561,637 | $2.0B | Add +7.2% |
| AAPL Apple Inc. | 4.61% | 9,174,813 | $1.9B | Add +9.9% |
| AMZN Amazon.com Inc. | 3.29% | 6,131,509 | $1.3B | Reduce -1.2% |
| AVGO Broadcom Inc. | 2.12% | 3,144,625 | $866.8M | Add +5.6% |
| META Meta Platforms Inc. Class A | 2.04% | 1,126,107 | $831.2M | Add +2.3% |
| ALC Alcon Inc. filed as ALCON AG | 1.97% | 9,142,139 | $806.3M | Add +7.4% |
| GOOGL Alphabet Inc. Class A | 1.80% | 4,170,272 | $734.9M | Add +0.2% |
| TSLA Tesla Inc. | 1.36% | 1,746,823 | $554.9M | Add +3.4% |
| GOOG Alphabet Inc. Class C | 1.29% | 2,961,099 | $525.3M | Reduce -6.3% |
| V Visa Inc. Class A | 1.19% | 1,368,307 | $485.8M | Add +10.6% |
| JPM JPMorgan Chase & Co. | 1.17% | 1,644,216 | $476.7M | Reduce -3.7% |
| AMRZ Amrize Ltd. | 1.11% | 9,097,290 | $452.3M | New |
| LLY Eli Lilly & Co. | 1.09% | 569,562 | $444.0M | Add +5.1% |
| WMT Walmart Inc. | 0.78% | 3,265,423 | $319.3M | Add +49.3% |
| MA Mastercard Inc. Class A | 0.66% | 481,294 | $270.5M | Reduce -14.5% |
| CRM Salesforce Inc. | 0.59% | 881,237 | $240.3M | Add +6.1% |
| XOM Exxon Mobil Corp. | 0.58% | 2,202,820 | $237.5M | Reduce -0.9% |
| LOGI Logitech International-Reg | 0.56% | 2,535,873 | $227.6M | Reduce -2.5% |
| HD Home Depot Inc. | 0.55% | 615,537 | $225.7M | Add +31.9% |
| PG The Procter & Gamble Co. | 0.55% | 1,412,693 | $225.1M | Reduce -22.5% |
| JNJ Johnson & Johnson | 0.53% | 1,416,721 | $216.4M | Add +8.1% |
| CSCO Cisco Systems Inc. | 0.52% | 3,067,224 | $212.8M | Reduce -7.4% |
| COST Costco Wholesale Corp. | 0.52% | 213,884 | $211.7M | Add +7.8% |
| UNH Unitedhealth Group Inc. | 0.49% | 640,880 | $199.9M | Add +2.7% |
| NFLX Netflix Inc. | 0.48% | 147,507 | $197.5M | Add +18.1% |
| BSX Boston Scientific Corp. | 0.48% | 1,815,344 | $195.0M | Add +37.5% |
| ADBE Adobe Inc. | 0.48% | 501,439 | $194.0M | Add +6.7% |
| LIN Linde PLC | 0.47% | 410,602 | $192.6M | Add +4.2% |
| ORCL Oracle Corp. | 0.47% | 874,918 | $191.3M | Add +81.2% |
| ETN Eaton Corp. PLC | 0.45% | 510,093 | $182.1M | Add +9.9% |
| ABBV Abbvie Inc. | 0.43% | 955,159 | $177.3M | Add +55.5% |
| GILD Gilead Sciences Inc. | 0.43% | 1,584,182 | $175.6M | Add +4.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.43% | 394,371 | $175.6M | Add +2.5% |
| ACN Accenture PLC Class A | 0.43% | 587,186 | $175.5M | Reduce -10.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.42% | 582,963 | $171.8M | Add +2.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 3,514,978 | $166.3M | Reduce -11.3% |
| MCD McDonald's Corp. | 0.40% | 559,969 | $163.6M | Add +36.7% |
| KO The Coca-Cola Co. | 0.40% | 2,307,609 | $163.3M | Add +19.8% |
| T AT&T Inc. | 0.39% | 5,447,036 | $157.6M | Add +10.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.38% | 1,717,588 | $156.5M | Reduce -0.8% |
| INTU Intuit Inc. | 0.38% | 194,449 | $153.2M | Add +44.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 312,884 | $152.0M | Add +8.5% |
| TMUS T-Mobile US Inc. | 0.36% | 619,094 | $147.5M | Add +39.1% |
| WFC Wells Fargo & Co. | 0.36% | 1,830,463 | $146.7M | Add +44.8% |
| ANET Arista Networks Inc. | 0.35% | 1,391,599 | $142.4M | Add +114.1% |
| ECL Ecolab Inc. | 0.35% | 523,263 | $141.0M | Reduce -5.9% |
| GE General Electric filed as GE AEROSPACE | 0.34% | 543,171 | $139.8M | Add +8.0% |
| APH Amphenol Corp. Class A | 0.33% | 1,351,900 | $133.5M | Add +5.2% |
| SPGI S&P Global Inc. | 0.32% | 250,495 | $132.1M | Reduce -17.6% |
| NOW ServiceNow Inc. | 0.32% | 127,547 | $131.1M | Add +20.3% |
| WELL Welltower Inc. | 0.32% | 838,668 | $128.9M | Add +21.4% |
| BKNG Booking Holdings Inc. | 0.31% | 21,925 | $126.9M | Add +5.3% |
| XLF SS Financial Select Sector | 0.31% | 2,412,186 | $125.2M | No change |
| ICE Intercontinental Exchange Inc. | 0.30% | 665,417 | $122.1M | Add +168.3% |
| INTC Intel Corp. | 0.29% | 5,367,105 | $120.2M | Add +70.1% |
| ABT Abbott Laboratories | 0.28% | 847,864 | $115.3M | Add +6.8% |
| TT Trane Technologies PLC | 0.28% | 263,110 | $115.1M | Add +131.2% |
| PWR Quanta Services Inc. | 0.28% | 304,340 | $115.1M | Reduce -3.9% |
| VRT Vertiv Holdings Co. Class A | 0.28% | 891,467 | $114.5M | Add +2.2% |
| MRSH Marsh & McLennan Cos | 0.28% | 520,346 | $113.8M | Add +23.6% |
| CAT Caterpillar Inc. | 0.27% | 286,264 | $111.1M | Add +4.0% |
| AMGN Amgen Inc. | 0.27% | 392,535 | $109.6M | Reduce -26.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 863,276 | $107.1M | Reduce -36.0% |
| GS Goldman Sachs Group Inc. | 0.26% | 151,060 | $106.9M | Add +9.6% |
| AXP American Express Co. | 0.26% | 329,668 | $105.2M | Reduce -0.2% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.25% | 1,465,782 | $103.8M | Add +13.3% |
| FISV Fiserv Inc. | 0.25% | 597,459 | $103.0M | Add +99.0% |
| UBER Uber Technologies Inc. | 0.25% | 1,093,206 | $102.0M | Add +39.7% |
| PLTR Palantir Technologies Inc. Class A | 0.25% | 743,049 | $101.3M | Add +3.2% |
| EHC Encompass Health Corp. | 0.25% | 816,150 | $100.1M | Add +6.2% |
| COF Capital One Financial Corp. | 0.24% | 465,232 | $99.0M | Add +61.7% |
| PANW Palo Alto Networks Inc. | 0.24% | 475,405 | $97.3M | Reduce -1.0% |
| ISRG Intuitive Surgical Inc. | 0.24% | 178,329 | $96.9M | Reduce -3.0% |
| GEV GE Vernova Inc. | 0.24% | 182,619 | $96.6M | Reduce -1.4% |
| CNM Core & Main Inc. Class A | 0.23% | 1,539,407 | $92.9M | Add +5.9% |
| PGR Progressive Corp. | 0.23% | 347,986 | $92.9M | Add +7.6% |
| ADI Analog Devices Inc. | 0.23% | 389,775 | $92.8M | Add +228.9% |
| CVX Chevron Corp. | 0.22% | 639,140 | $91.5M | Add +13.8% |
| AMD Advanced Micro Devices | 0.22% | 631,982 | $89.7M | Add +6.7% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 220,636 | $89.5M | Reduce -2.6% |
| SCHW Schwab (charles) Corp. | 0.21% | 946,642 | $86.4M | Add +37.9% |
| ADSK Autodesk Inc. | 0.21% | 278,504 | $86.2M | Add +19.4% |
| PLD Prologis Inc. | 0.21% | 817,793 | $86.0M | Add +2.0% |
| MRK Merck & Co. Inc. | 0.21% | 1,071,642 | $84.8M | Add +7.8% |
| PFE Pfizer Inc. | 0.21% | 3,481,435 | $84.4M | Add +1.8% |
| C Citigroup Inc. | 0.21% | 984,744 | $83.8M | Reduce -1.3% |
| DE Deere & Co. | 0.20% | 163,574 | $83.2M | Add +4.7% |
| QCOM Qualcomm Inc. | 0.20% | 516,466 | $82.3M | Reduce -39.2% |
| ADP Automatic Data Processing | 0.20% | 265,155 | $81.8M | Add +6.0% |
| SPOT Spotify Technology SA | 0.20% | 105,569 | $81.0M | Add +7.3% |
| PEP Pepsico Inc. | 0.20% | 610,504 | $80.6M | Add +2.7% |
| FTNT Fortinet Inc. | 0.20% | 755,389 | $79.9M | Reduce -8.2% |
| RY Royal Bank of Canada | 0.20% | 605,392 | $79.6M | Add +10.3% |
| TTEK Tetra Tech Inc. | 0.19% | 2,201,231 | $79.2M | Add +31.8% |
| MS Morgan Stanley | 0.19% | 561,191 | $79.0M | Add +7.8% |
| APTV Aptiv PLC | 0.19% | 1,135,279 | $77.4M | Add +600.6% |
| AME Ametek Inc. | 0.19% | 418,294 | $75.7M | Add +249.2% |
| AMAT Applied Materials Inc. | 0.18% | 408,345 | $74.8M | Add +2.4% |
Other holdings (70): bonds, preferreds, convertibles and warrants · $74.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 2,500,000 | $3.6M | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 2,700,000 | $3.5M | New |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,900,000 | $2.9M | Add +16.0% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 2,650,000 | $2.8M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 1,800,000 | $2.7M | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 1,800,000 | $1.9M | Add +28.6% |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 1,700,000 | $1.7M | New |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 1,800,000 | $1.6M | No change |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 1,500,000 | $1.6M | Add +25.0% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 1,500,000 | $1.6M | Add +36.4% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 1,200,000 | $1.6M | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 1,300,000 | $1.5M | Add +30.0% |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 1,300,000 | $1.4M | New |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,300,000 | $1.4M | Add +8.3% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 1,200,000 | $1.4M | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 1,300,000 | $1.3M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,000,000 | $1.3M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 1,300,000 | $1.2M | Add +62.5% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 800,000 | $1.2M | Add +33.3% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 1,200,000 | $1.2M | No change |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 1,000,000 | $1.2M | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,000,000 | $1.1M | Reduce -33.3% |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,000,000 | $1.1M | No change |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 1,125,000 | $1.1M | New |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 900,000 | $1.1M | No change |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 900,000 | $1.1M | Reduce -18.2% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 900,000 | $1.1M | No change |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 900,000 | $1.1M | Add +28.6% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 1,100,000 | $1.0M | No change |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 900,000 | $1.0M | New |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 868,115 | $1.0M | Add +15.8% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 900,000 | $958K | No change |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 900,000 | $955K | Add +80.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 980,000 | $953K | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 800,000 | $913K | No change |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | 900,000 | $889K | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 925,000 | $888K | No change |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 880,000 | $887K | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 750,000 | $867K | No change |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 950,000 | $852K | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 700,000 | $829K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 800,000 | $828K | No change |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 600,000 | $810K | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 800,000 | $789K | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 900,000 | $782K | Reduce -43.8% |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 600,000 | $768K | Reduce -40.0% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 850,000 | $762K | Add +21.4% |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 750,000 | $759K | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 800,000 | $755K | Reduce -52.9% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 650,000 | $743K | No change |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 650,000 | $730K | No change |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 700,000 | $664K | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 500,000 | $605K | No change |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | 600,000 | $602K | Add +200.0% |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 600,000 | $581K | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 400,000 | $559K | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 500,000 | $525K | No change |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 500,000 | $519K | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 400,000 | $513K | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 550,000 | $497K | No change |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 500,000 | $475K | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 500,000 | $442K | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 400,000 | $432K | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 400,000 | $406K | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 350,000 | $356K | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 200,000 | $218K | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 250,000 | $215K | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 200,000 | $187K | No change |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 200,000 | $187K | No change |
| REPLIGEN CORP (RGEN 1 12/15/28) | NOTE 1.000%12/1 · principal | 600,000 | $0 | No change |
Total filed on the 13F, all lines: $40.9B.
Portfolio Sells Q1 2025 → Q2 2025
| PG The Procter & Gamble Co. | Reduce -22.5% | 0.55% | −0.34 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -98.7% | 0.00% | −0.29 |
| CME Cme Group Inc. | Reduce -64.8% | 0.12% | −0.27 |
| MA Mastercard Inc. Class A | Reduce -14.5% | 0.66% | −0.22 |
| AMGN Amgen Inc. | Reduce -26.6% | 0.27% | −0.21 |
| VZ Verizon Communications Inc. | Reduce -51.0% | 0.13% | −0.19 |
| XOM Exxon Mobil Corp. | Reduce -0.9% | 0.58% | −0.18 |
| QCOM Qualcomm Inc. | Reduce -39.2% | 0.20% | −0.17 |
| ACN Accenture PLC Class A | Reduce -10.1% | 0.43% | −0.16 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.15 |
| GOOG Alphabet Inc. Class C | Reduce -6.3% | 1.29% | −0.13 |
| WM Waste Management Inc. | Reduce -30.3% | 0.18% | −0.13 |
| SPGI S&P Global Inc. | Reduce -17.6% | 0.32% | −0.12 |
| DIS The Walt Disney Co. | Reduce -36.0% | 0.26% | −0.12 |
| CRH CRH PLC | Reduce -47.1% | 0.10% | −0.11 |
| COP Conocophillips | Reduce -21.0% | 0.14% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.6% | 0.22% | −0.11 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 3.29% | −0.10 |
| TSCO Tractor Supply Company | Reduce -60.7% | 0.05% | −0.10 |
| DHR Danaher Corp. | Reduce -44.3% | 0.08% | −0.10 |
| URI United Rentals Inc. | Reduce -59.1% | 0.07% | −0.09 |
| OMC Omnicom Group | Reduce -88.3% | 0.01% | −0.09 |
| IPG Interpublic Group of Cos Inc. | Reduce -92.9% | 0.01% | −0.09 |
| MET Metlife Inc. | Reduce -39.3% | 0.09% | −0.09 |
| MU Micron Technology Inc. | Reduce -54.8% | 0.10% | −0.08 |
| PDD PDD Holdings Inc. | Reduce -49.3% | 0.05% | −0.08 |
| SYK Stryker Corp. | Reduce -39.7% | 0.09% | −0.08 |
| JBL Jabil Inc. | Reduce -87.9% | 0.01% | −0.07 |
| BAC Bank of America Corp. | Reduce -11.3% | 0.41% | −0.07 |
| LOGI Logitech International-Reg | Reduce -2.5% | 0.56% | −0.07 |
| KMB Kimberly-Clark Corp. | Reduce -56.9% | 0.03% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -7.4% | 0.52% | −0.07 |
| FICO Fair Isaac Corp. | Reduce -67.1% | 0.03% | −0.07 |
| CMI Cummins Inc. | Reduce -39.1% | 0.08% | −0.07 |
| GM General Motors Co. | Reduce -63.5% | 0.03% | −0.06 |
| SHW The Sherwin-Williams Co. | Reduce -48.9% | 0.05% | −0.06 |
| OC Owens Corning | Reduce -13.4% | 0.15% | −0.06 |
| ECL Ecolab Inc. | Reduce -5.9% | 0.35% | −0.06 |
| PRU Prudential Financial Inc. | Reduce -51.6% | 0.04% | −0.06 |
| CNI Canadian Natl Railway Co. | Reduce -42.8% | 0.06% | −0.05 |
| ZTS Zoetis Inc. | Reduce -42.3% | 0.05% | −0.05 |
| BIIB Biogen Inc. | Reduce -64.7% | 0.02% | −0.05 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -60.9% | 0.02% | −0.05 |
| TTWO Take-Two Interactive Softwre | Reduce -66.0% | 0.03% | −0.05 |
| WTW Willis Towers Watson PLC | Reduce -44.7% | 0.04% | −0.05 |
| DUK Duke Energy Corp. | Reduce -20.9% | 0.09% | −0.05 |
| RJF Raymond James Financial Inc. | Reduce -61.4% | 0.03% | −0.05 |
| HOLX Hologic Inc. | Reduce -77.0% | 0.01% | −0.05 |
| EBAY eBay Inc. | Reduce -34.2% | 0.07% | −0.05 |
| PNC PNC Financial Services Group | Reduce -47.0% | 0.04% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +7.4% | 6.28% | +1.57 |
| AMRZ Amrize Ltd. | New | 1.11% | +1.11 |
| MSFT Microsoft Corp. | Add +8.1% | 5.58% | +1.00 |
| AVGO Broadcom Inc. | Add +5.6% | 2.12% | +0.69 |
| ORCL Oracle Corp. | Add +81.2% | 0.47% | +0.27 |
| WMT Walmart Inc. | Add +49.3% | 0.78% | +0.23 |
| META Meta Platforms Inc. Class A | Add +2.3% | 2.04% | +0.21 |
| ANET Arista Networks Inc. | Add +114.1% | 0.35% | +0.20 |
| ICE Intercontinental Exchange Inc. | Add +168.3% | 0.30% | +0.18 |
| TT Trane Technologies PLC | Add +131.2% | 0.28% | +0.17 |
| APTV Aptiv PLC | Add +600.6% | 0.19% | +0.16 |
| ADI Analog Devices Inc. | Add +228.9% | 0.23% | +0.16 |
| FIX Comfort Systems USA Inc. | Add +1095.8% | 0.16% | +0.15 |
| NFLX Netflix Inc. | Add +18.1% | 0.48% | +0.15 |
| INTU Intuit Inc. | Add +44.6% | 0.38% | +0.14 |
| AME Ametek Inc. | Add +249.2% | 0.19% | +0.13 |
| FOXA Fox Corp. Class A | Add +1335.0% | 0.12% | +0.11 |
| VRT Vertiv Holdings Co. Class A | Add +2.2% | 0.28% | +0.10 |
| TSLA Tesla Inc. | Add +3.4% | 1.36% | +0.10 |
| WFC Wells Fargo & Co. | Add +44.8% | 0.36% | +0.10 |
| BSX Boston Scientific Corp. | Add +37.5% | 0.48% | +0.09 |
| COF Capital One Financial Corp. | Add +61.7% | 0.24% | +0.09 |
| INTC Intel Corp. | Add +70.1% | 0.29% | +0.09 |
| LKQ LKQ Corp. | Add +296.9% | 0.13% | +0.09 |
| UBER Uber Technologies Inc. | Add +39.7% | 0.25% | +0.09 |
| CRS Carpenter Technology | Add +944.9% | 0.09% | +0.09 |
| APH Amphenol Corp. Class A | Add +5.2% | 0.33% | +0.08 |
| ETN Eaton Corp. PLC | Add +9.9% | 0.45% | +0.08 |
| NOW ServiceNow Inc. | Add +20.3% | 0.32% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +3.2% | 0.25% | +0.07 |
| NRG NRG Energy Inc. | Add +70.4% | 0.11% | +0.06 |
| ABBV Abbvie Inc. | Add +55.5% | 0.43% | +0.06 |
| UBS UBS Group AG-Reg | Add +7.2% | 4.92% | +0.06 |
| NWSA News Corp. Class A | Add +1185.0% | 0.07% | +0.06 |
| FISV Fiserv Inc. | Add +99.0% | 0.25% | +0.06 |
| HOOD Robinhood Markets Inc. Class A | Add +30.1% | 0.10% | +0.06 |
| HD Home Depot Inc. | Add +31.9% | 0.55% | +0.06 |
| MDT Medtronic PLC | Add +95.1% | 0.15% | +0.06 |
| SCHW Schwab (charles) Corp. | Add +37.9% | 0.21% | +0.06 |
| TEL Te Connectivity PLC | Add +215.3% | 0.08% | +0.06 |
| TTEK Tetra Tech Inc. | Add +31.8% | 0.19% | +0.05 |
| GE General Electric | Add +8.0% | 0.34% | +0.05 |
| ROK Rockwell Automation Inc. | Add +124.0% | 0.09% | +0.05 |
| CAH Cardinal Health Inc. | Add +80.5% | 0.11% | +0.05 |
| ZS Zscaler Inc. | Add +43.7% | 0.10% | +0.05 |
| COIN Coinbase Global Inc. Class A | Add +17.2% | 0.10% | +0.05 |
| YUM Yum! Brands Inc. | Add +141.8% | 0.10% | +0.05 |
| GS Goldman Sachs Group Inc. | Add +9.6% | 0.26% | +0.05 |
| UNM Unum Group | Add +79.8% | 0.13% | +0.05 |
| CM Can Imperial BK of Commerce | Add +13.3% | 0.25% | +0.04 |
Notes & Other Activity Q1 2025 → Q2 2025
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | New | 2,700,000 | $3.5M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Add +16.0% | 2,900,000 | $2.9M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | New | 2,650,000 | $2.8M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Sold out | 1,800,000 | $2.2Mbefore exit |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | Sold out | 2,400,000 | $2.1Mbefore exit |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Sold out | 1,450,000 | $1.9Mbefore exit |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | Add +28.6% | 1,800,000 | $1.9M |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 1,700,000 | $1.7M |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | Add +25.0% | 1,500,000 | $1.6M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +36.4% | 1,500,000 | $1.6M |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | Add +30.0% | 1,300,000 | $1.5M |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | New | 1,300,000 | $1.4M |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Add +8.3% | 1,300,000 | $1.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | Sold out | 1,400,000 | $1.4Mbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | Sold out | 1,450,000 | $1.3Mbefore exit |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | New | 1,000,000 | $1.3M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +62.5% | 1,300,000 | $1.2M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Add +33.3% | 800,000 | $1.2M |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | New | 1,000,000 | $1.2M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -33.3% | 1,000,000 | $1.1M |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | New | 1,125,000 | $1.1M |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Reduce -18.2% | 900,000 | $1.1M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Add +28.6% | 900,000 | $1.1M |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 1,000,000 | $1.0Mbefore exit |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | New | 900,000 | $1.0M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +15.8% | 868,115 | $1.0M |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | Add +80.0% | 900,000 | $955K |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 1,075,000 | $922Kbefore exit |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -43.8% | 900,000 | $782K |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Reduce -40.0% | 600,000 | $768K |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +21.4% | 850,000 | $762K |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | Reduce -52.9% | 800,000 | $755K |
| NCL CORPORATION LTD (NCLH 2.5 02/15/27) | NOTE 2.500% 2/1 · principal | Sold out | 750,000 | $739Kbefore exit |
| INSULET CORPORATION (PODD 0.375 09/01/26) | NOTE 0.375% 9/0 · principal | Sold out | 500,000 | $637Kbefore exit |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Add +200.0% | 600,000 | $602K |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | New | 600,000 | $581K |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | Sold out | 400,000 | $557Kbefore exit |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | New | 400,000 | $513K |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Sold out | 600,000 | $512Kbefore exit |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | Sold out | 500,000 | $478Kbefore exit |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | Sold out | 400,000 | $457Kbefore exit |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | Sold out | 300,000 | $301Kbefore exit |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Sold out | 300,000 | $293Kbefore exit |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | New | 200,000 | $218K |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | NOTE 1.500% 9/0 · principal | Sold out | 200,000 | $201Kbefore exit |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | Sold out | 200,000 | $192Kbefore exit |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | Sold out | 200,000 | $185Kbefore exit |
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 | 2,479 | $52.1B | NVDA, UBS, AAPL, MSFT, GOOGL |
| Q1 2026 | 2,485 | $45.9B | NVDA, AAPL, UBS, MSFT, GOOGL |
| Q4 2025 | 2,470 | $46.3B | NVDA, AAPL, MSFT, UBS, AMZN |
| Q3 2025 | 2,488 | $43.5B | NVDA, AAPL, MSFT, UBS, AMZN |
| Q2 2025 | 2,491 | $40.8B | NVDA, MSFT, UBS, AAPL, AMZN |
| Q1 2025 | 2,550 | $34.8B | AAPL, UBS, NVDA, MSFT, AMZN |
| Q4 2024 | 2,581 | $35.1B | AAPL, NVDA, MSFT, UBS, AMZN |
| Q3 2024Amended | 2,587 | $33.6B | AAPL, UBS, MSFT, NVDA, AMZN |
| Q2 2024 | 2,581 | $30.7B | MSFT, NVDA, AAPL, UBS, AMZN |
| Q1 2024 | 2,648 | $28.5B | MSFT, UBS, AAPL, NVDA, AMZN |