Zurcher Kantonalbank (Zurich Cantonalbank)
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,488 stock positions worth $43.5 billion. Its top holding was Nvidia (NVDA) at 6.8% of the portfolio, followed by Apple (AAPL, 5.4%) and Microsoft (MSFT, 5.2%). Compared with Q2 2025, it opened 55 new positions, sold out of 58, added to 1,179 and reduced 588. The biggest buy was Tesla (TSLA, shares +19%) and the biggest sale Alcon (ALC, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- ZURICH, V8
- CIK
- 0001368163
- Portfolio Value
- $43.5B (Q3 2025)
- SEC Filing
- 0000947871-25-001007 ↗ filed Nov 14, 2025
Holdings Value
Holdings 2,488 stocks · $43.5B
| NVDA Nvidia Corp. | 6.79% | 15,832,905 | $3.0B | Reduce -2.4% |
| AAPL Apple Inc. | 5.35% | 9,140,454 | $2.3B | Reduce -0.4% |
| MSFT Microsoft Corp. | 5.22% | 4,383,892 | $2.3B | Reduce -4.2% |
| UBS UBS Group AG-Reg | 4.96% | 52,794,518 | $2.2B | Reduce -11.4% |
| AMZN Amazon.com Inc. | 2.96% | 5,868,928 | $1.3B | Reduce -4.3% |
| GOOGL Alphabet Inc. Class A | 2.36% | 4,227,032 | $1.0B | Add +1.4% |
| AVGO Broadcom Inc. | 2.32% | 3,062,425 | $1.0B | Reduce -2.6% |
| TSLA Tesla Inc. | 2.13% | 2,083,314 | $926.5M | Add +19.3% |
| META Meta Platforms Inc. Class A | 1.83% | 1,084,925 | $796.7M | Reduce -3.7% |
| GOOG Alphabet Inc. Class C | 1.57% | 2,809,004 | $684.1M | Reduce -5.1% |
| ALC Alcon Inc. filed as ALCON AG | 1.45% | 8,493,154 | $632.6M | Reduce -7.1% |
| JPM JPMorgan Chase & Co. | 1.22% | 1,685,606 | $531.7M | Add +2.5% |
| AMRZ Amrize Ltd. | 1.06% | 9,518,018 | $459.2M | Add +4.6% |
| V Visa Inc. Class A | 1.01% | 1,286,013 | $439.0M | Reduce -6.0% |
| LLY Eli Lilly & Co. | 0.96% | 548,339 | $418.4M | Reduce -3.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.84% | 7,045,273 | $363.5M | Add +100.4% |
| WMT Walmart Inc. | 0.78% | 3,284,688 | $338.5M | Add +0.6% |
| ORCL Oracle Corp. | 0.72% | 1,112,633 | $312.9M | Add +27.2% |
| LOGI Logitech International-Reg | 0.68% | 2,727,701 | $297.5M | Add +7.6% |
| HD Home Depot Inc. | 0.66% | 704,251 | $285.4M | Add +14.4% |
| MA Mastercard Inc. Class A | 0.65% | 498,871 | $283.8M | Add +3.6% |
| JNJ Johnson & Johnson | 0.59% | 1,383,802 | $256.6M | Reduce -2.3% |
| XOM Exxon Mobil Corp. | 0.56% | 2,154,837 | $243.0M | Reduce -2.2% |
| ABBV Abbvie Inc. | 0.49% | 928,888 | $215.1M | Reduce -2.8% |
| COST Costco Wholesale Corp. | 0.46% | 214,218 | $198.3M | Add +0.2% |
| LIN Linde PLC | 0.45% | 416,204 | $197.7M | Add +1.4% |
| CSCO Cisco Systems Inc. | 0.44% | 2,782,731 | $190.4M | Reduce -9.3% |
| ETN Eaton Corp. PLC | 0.43% | 505,404 | $189.1M | Reduce -0.9% |
| ANET Arista Networks Inc. | 0.43% | 1,289,778 | $187.9M | Reduce -7.3% |
| GE General Electric filed as GE AEROSPACE | 0.43% | 615,111 | $185.0M | Add +13.2% |
| BSX Boston Scientific Corp. | 0.42% | 1,866,282 | $182.2M | Add +2.8% |
| PG The Procter & Gamble Co. | 0.41% | 1,157,841 | $177.9M | Reduce -18.0% |
| GILD Gilead Sciences Inc. | 0.41% | 1,593,867 | $176.9M | Add +0.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.40% | 1,611,874 | $175.6M | Reduce -6.2% |
| NFLX Netflix Inc. | 0.40% | 145,574 | $174.5M | Reduce -1.3% |
| ADBE Adobe Inc. | 0.40% | 488,647 | $172.4M | Reduce -2.5% |
| APH Amphenol Corp. Class A | 0.40% | 1,390,269 | $172.0M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 332,632 | $167.2M | Add +6.3% |
| KO The Coca-Cola Co. | 0.37% | 2,431,395 | $161.3M | Add +5.4% |
| TMUS T-Mobile US Inc. | 0.37% | 671,348 | $160.7M | Add +8.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 563,760 | $159.1M | Reduce -3.3% |
| CRM Salesforce Inc. | 0.36% | 662,793 | $157.1M | Reduce -24.8% |
| UNH Unitedhealth Group Inc. | 0.35% | 441,222 | $152.4M | Reduce -31.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.35% | 388,311 | $152.1M | Reduce -1.5% |
| T AT&T Inc. | 0.34% | 5,176,778 | $146.2M | Reduce -5.0% |
| ECL Ecolab Inc. | 0.33% | 525,337 | $143.9M | Add +0.4% |
| WELL Welltower Inc. | 0.33% | 795,030 | $141.6M | Reduce -5.2% |
| PANW Palo Alto Networks Inc. | 0.31% | 671,326 | $136.7M | Add +41.2% |
| WFC Wells Fargo & Co. | 0.31% | 1,626,921 | $136.4M | Reduce -11.1% |
| PLTR Palantir Technologies Inc. Class A | 0.31% | 741,190 | $135.2M | Reduce -0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 1,176,003 | $134.7M | Add +36.2% |
| INTU Intuit Inc. | 0.31% | 194,525 | $132.8M | Add +0.0% |
| INTC Intel Corp. | 0.30% | 3,891,868 | $130.6M | Reduce -27.5% |
| XLF SS Financial Select Sector | 0.30% | 2,412,186 | $130.5M | No change |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 0.30% | 1,619,224 | $129.4M | Add +10.5% |
| VRT Vertiv Holdings Co. Class A | 0.29% | 847,285 | $127.8M | Reduce -5.0% |
| SPGI S&P Global Inc. | 0.29% | 260,384 | $126.7M | Add +4.0% |
| FIX Comfort Systems USA Inc. | 0.29% | 152,141 | $125.5M | Add +22.3% |
| CAT Caterpillar Inc. | 0.29% | 260,356 | $124.2M | Reduce -9.1% |
| GS Goldman Sachs Group Inc. | 0.28% | 153,588 | $122.3M | Add +1.7% |
| PWR Quanta Services Inc. | 0.28% | 294,025 | $121.8M | Reduce -3.4% |
| NOW ServiceNow Inc. | 0.28% | 130,890 | $120.5M | Add +2.6% |
| CVX Chevron Corp. | 0.27% | 762,503 | $118.4M | Add +19.3% |
| ABT Abbott Laboratories | 0.27% | 860,900 | $115.3M | Add +1.5% |
| TT Trane Technologies PLC | 0.26% | 272,155 | $114.8M | Add +3.4% |
| TMO Thermo Fisher Scientific Inc. | 0.26% | 235,127 | $114.0M | Add +6.6% |
| EHC Encompass Health Corp. | 0.26% | 888,110 | $112.8M | Add +8.8% |
| CVS CVS Health Corp. | 0.25% | 1,467,170 | $110.6M | Add +148.4% |
| BKNG Booking Holdings Inc. | 0.25% | 20,432 | $110.3M | Reduce -6.8% |
| UBER Uber Technologies Inc. | 0.25% | 1,120,627 | $109.8M | Add +2.5% |
| C Citigroup Inc. | 0.24% | 1,048,287 | $106.4M | Add +6.5% |
| MCD McDonald's Corp. | 0.24% | 342,433 | $104.1M | Reduce -38.9% |
| ADI Analog Devices Inc. | 0.24% | 422,024 | $103.7M | Add +8.3% |
| GEV GE Vernova Inc. | 0.23% | 165,494 | $101.8M | Reduce -9.4% |
| AMD Advanced Micro Devices | 0.23% | 628,609 | $101.7M | Reduce -0.5% |
| FTNT Fortinet Inc. | 0.23% | 1,201,925 | $101.1M | Add +59.1% |
| ACN Accenture PLC Class A | 0.23% | 408,159 | $100.7M | Reduce -30.5% |
| ICE Intercontinental Exchange Inc. | 0.23% | 588,686 | $99.2M | Reduce -11.5% |
| SCHW Schwab (charles) Corp. | 0.22% | 1,015,297 | $96.9M | Add +7.3% |
| AXP American Express Co. | 0.22% | 288,835 | $95.9M | Reduce -12.4% |
| PLD Prologis Inc. | 0.22% | 832,689 | $95.4M | Add +1.8% |
| COF Capital One Financial Corp. | 0.22% | 443,782 | $94.3M | Reduce -4.6% |
| MRSH Marsh & McLennan Cos | 0.21% | 452,482 | $91.2M | Reduce -13.0% |
| MRK Merck & Co. Inc. | 0.21% | 1,081,697 | $90.8M | Add +0.9% |
| MS Morgan Stanley | 0.21% | 567,358 | $90.2M | Add +1.1% |
| RY Royal Bank of Canada | 0.21% | 609,389 | $89.8M | Add +0.7% |
| PEP Pepsico Inc. | 0.20% | 633,527 | $89.0M | Add +3.8% |
| APTV Aptiv PLC | 0.20% | 1,007,461 | $86.9M | Reduce -11.3% |
| SHOP Shopify Inc. Class A | 0.19% | 568,186 | $84.4M | Add +0.4% |
| NEM Newmont Corp. | 0.19% | 976,908 | $82.4M | Reduce -14.4% |
| FSLR First Solar Inc. | 0.19% | 373,258 | $82.3M | Add +11.2% |
| ADSK Autodesk Inc. | 0.19% | 257,629 | $81.8M | Reduce -7.5% |
| ISRG Intuitive Surgical Inc. | 0.19% | 182,816 | $81.8M | Add +2.5% |
| CNM Core & Main Inc. Class A | 0.19% | 1,518,363 | $81.7M | Reduce -1.4% |
| BLK BlackRock Inc. | 0.19% | 69,550 | $81.1M | Reduce -1.3% |
| QCOM Qualcomm Inc. | 0.18% | 477,539 | $79.4M | Reduce -7.5% |
| MELI MercadoLibre Inc. | 0.18% | 32,959 | $77.0M | Add +22.6% |
| EWBC East West Bancorp Inc. | 0.18% | 723,432 | $77.0M | Add +1.2% |
| AMGN Amgen Inc. | 0.18% | 270,354 | $76.3M | Reduce -31.1% |
| PFE Pfizer Inc. | 0.17% | 2,973,150 | $75.8M | Reduce -14.6% |
Other holdings (61): bonds, preferreds, convertibles and warrants · $63.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 2,500,000 | $3.1M | Reduce -7.4% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 2,700,000 | $2.7M | Reduce -6.9% |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | 2,350,000 | $2.5M | Reduce -11.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 1,800,000 | $1.9M | No change |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 1,700,000 | $1.9M | No change |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 1,800,000 | $1.8M | Add +20.0% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 1,200,000 | $1.8M | Reduce -52.0% |
| PARSONS CORP (PSN 2.625 03/01/29) | NOTE 2.625% 3/0 · principal | 1,500,000 | $1.7M | No change |
| TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) | NOTE 0.750% 6/1 · principal | 1,300,000 | $1.7M | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 1,400,000 | $1.7M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 1,200,000 | $1.5M | Add +33.3% |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 1,300,000 | $1.5M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 1,000,000 | $1.4M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 1,300,000 | $1.4M | No change |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 1,000,000 | $1.4M | Reduce -16.7% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 1,450,000 | $1.3M | Add +70.6% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 1,200,000 | $1.2M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 1,300,000 | $1.2M | No change |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 800,000 | $1.2M | No change |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,000,000 | $1.2M | No change |
| LYFT INC (LYFT 0.625 03/01/29) | NOTE 0.625% 3/0 · principal | 900,000 | $1.2M | No change |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 1,100,000 | $1.2M | Add +10.0% |
| ITRON INC (ITRI 1.375 07/15/30) | NOTE 1.375% 7/1 · principal | 1,000,000 | $1.2M | No change |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 900,000 | $1.1M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 800,000 | $1.1M | No change |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | 600,000 | $1.1M | Add +50.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/29) | NOTE 4.375% 6/0 · principal | 900,000 | $1.1M | No change |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 1,050,000 | $1.1M | Add +40.0% |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | 1,125,000 | $1.0M | No change |
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 900,000 | $1.0M | No change |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | NOTE 3.000% 5/0 · principal | 900,000 | $1.0M | No change |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 1,100,000 | $1.0M | Reduce -38.9% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 925,000 | $962K | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 980,000 | $940K | No change |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 900,000 | $913K | Reduce -30.8% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 880,000 | $906K | No change |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | 700,000 | $859K | No change |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | 600,000 | $813K | No change |
| LIVANOVA PLC (LIVN 2.5 03/15/29) | NOTE 2.500% 3/1 · principal | 750,000 | $808K | No change |
| SEA LTD (SEALTD 0.25 09/15/26) | NOTE 0.250% 9/1 · principal | 800,000 | $773K | No change |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 650,000 | $732K | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 500,000 | $691K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 400,000 | $673K | Reduce -55.6% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 700,000 | $667K | No change |
| MERITAGE HOMES CORP (MTH 1.75 05/15/28) | NOTE 1.750% 5/1 · principal | 600,000 | $614K | No change |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 400,000 | $607K | New |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 500,000 | $548K | No change |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 500,000 | $512K | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 550,000 | $499K | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 400,000 | $480K | No change |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 500,000 | $448K | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 500,000 | $447K | Reduce -44.4% |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | 400,000 | $422K | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 400,000 | $419K | No change |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 168,115 | $412K | Reduce -80.6% |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 400,000 | $387K | New |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 400,000 | $344K | New |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 250,000 | $227K | No change |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | NOTE 4.250% 8/1 · principal | 200,000 | $221K | No change |
| AFFIRM HOLDINGS INC (AFRM 0 11/15/26) | NOTE 11/1 · principal | 200,000 | $190K | 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: $43.5B.
Portfolio Sells Q2 2025 → Q3 2025
| ALC Alcon Inc. | Reduce -7.1% | 1.45% | −0.52 |
| MSFT Microsoft Corp. | Reduce -4.2% | 5.22% | −0.35 |
| AMZN Amazon.com Inc. | Reduce -4.3% | 2.96% | −0.33 |
| CRM Salesforce Inc. | Reduce -24.8% | 0.36% | −0.23 |
| META Meta Platforms Inc. Class A | Reduce -3.7% | 1.83% | −0.20 |
| ACN Accenture PLC Class A | Reduce -30.5% | 0.23% | −0.20 |
| V Visa Inc. Class A | Reduce -6.0% | 1.01% | −0.18 |
| MCD McDonald's Corp. | Reduce -38.9% | 0.24% | −0.16 |
| PG The Procter & Gamble Co. | Reduce -18.0% | 0.41% | −0.14 |
| UNH Unitedhealth Group Inc. | Reduce -31.1% | 0.35% | −0.14 |
| AME Ametek Inc. | Reduce -72.6% | 0.05% | −0.14 |
| LLY Eli Lilly & Co. | Reduce -3.7% | 0.96% | −0.13 |
| LKQ LKQ Corp. | Reduce -90.2% | 0.01% | −0.12 |
| AMGN Amgen Inc. | Reduce -31.1% | 0.18% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -9.3% | 0.44% | −0.08 |
| NFLX Netflix Inc. | Reduce -1.3% | 0.40% | −0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -1.5% | 0.35% | −0.08 |
| FISV Fiserv Inc. | Reduce -2.7% | 0.17% | −0.08 |
| ADBE Adobe Inc. | Reduce -2.5% | 0.40% | −0.08 |
| ICE Intercontinental Exchange Inc. | Reduce -11.5% | 0.23% | −0.07 |
| MRSH Marsh & McLennan Cos | Reduce -13.0% | 0.21% | −0.07 |
| PGR Progressive Corp. | Reduce -16.2% | 0.17% | −0.06 |
| TTEK Tetra Tech Inc. | Reduce -20.9% | 0.13% | −0.06 |
| AVY Avery Dennison Corp. | Reduce -77.4% | 0.01% | −0.06 |
| EOG EOG Resources Inc. | Reduce -35.0% | 0.08% | −0.06 |
| PAYX Paychex Inc. | Reduce -50.3% | 0.04% | −0.06 |
| UNM Unum Group | Reduce -37.2% | 0.08% | −0.06 |
| BKNG Booking Holdings Inc. | Reduce -6.8% | 0.25% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -3.3% | 0.37% | −0.06 |
| SLF Sun Life Financial Inc. | Reduce -67.1% | 0.02% | −0.05 |
| TDG Transdigm Group Inc. | Reduce -13.7% | 0.12% | −0.05 |
| T AT&T Inc. | Reduce -5.0% | 0.34% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -31.6% | 0.13% | −0.05 |
| SLB SLB Ltd. | Reduce -41.4% | 0.06% | −0.05 |
| BR Broadridge Financial Solutio | Reduce -64.2% | 0.02% | −0.05 |
| O Realty Income Corp. | Reduce -26.9% | 0.12% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -11.1% | 0.31% | −0.05 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.04 |
| MMM 3M Co. | Reduce -23.0% | 0.12% | −0.04 |
| GIS General Mills Inc. | Reduce -51.0% | 0.04% | −0.04 |
| CLX Clorox Company | Reduce -72.0% | 0.02% | −0.04 |
| NDAQ Nasdaq Inc. | Reduce -43.7% | 0.05% | −0.04 |
| CNM Core & Main Inc. Class A | Reduce -1.4% | 0.19% | −0.04 |
| VRSK Verisk Analytics Inc. | Reduce -39.4% | 0.03% | −0.04 |
| AXP American Express Co. | Reduce -12.4% | 0.22% | −0.04 |
| WDAY Workday Inc. Class A | Reduce -41.7% | 0.04% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -23.7% | 0.15% | −0.04 |
| MSCI MSCI Inc. | Reduce -35.2% | 0.05% | −0.04 |
| CBRE CBRE Group Inc. Class A | Reduce -38.0% | 0.07% | −0.04 |
| CAH Cardinal Health Inc. | Reduce -22.9% | 0.07% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| TSLA Tesla Inc. | Add +19.3% | 2.13% | +0.77 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 2.36% | +0.56 |
| BAC Bank of America Corp. | Add +100.4% | 0.84% | +0.43 |
| ORCL Oracle Corp. | Add +27.2% | 0.72% | +0.25 |
| CVS CVS Health Corp. | Add +148.4% | 0.25% | +0.15 |
| LOGI Logitech International-Reg | Add +7.6% | 0.68% | +0.13 |
| FIX Comfort Systems USA Inc. | Add +22.3% | 0.29% | +0.13 |
| HD Home Depot Inc. | Add +14.4% | 0.66% | +0.10 |
| BIIB Biogen Inc. | Add +425.3% | 0.11% | +0.09 |
| GE General Electric | Add +13.2% | 0.43% | +0.08 |
| PANW Palo Alto Networks Inc. | Add +41.2% | 0.31% | +0.08 |
| CRS Carpenter Technology | Add +116.2% | 0.17% | +0.07 |
| APH Amphenol Corp. Class A | Add +2.8% | 0.40% | +0.07 |
| PHM Pultegroup Inc. | Add +35.0% | 0.17% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +2.5% | 1.22% | +0.06 |
| CMI Cummins Inc. | Add +39.7% | 0.13% | +0.05 |
| FSLR First Solar Inc. | Add +11.2% | 0.19% | +0.05 |
| CVX Chevron Corp. | Add +19.3% | 0.27% | +0.05 |
| DIS The Walt Disney Co. | Add +36.2% | 0.31% | +0.05 |
| CM Can Imperial BK of Commerce | Add +10.5% | 0.30% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +6.6% | 0.26% | +0.04 |
| MU Micron Technology Inc. | Add +11.5% | 0.14% | +0.04 |
| STT State Street Corp. | Add +119.4% | 0.07% | +0.04 |
| C Citigroup Inc. | Add +6.5% | 0.24% | +0.04 |
| FER Ferrovial NV | Add +85.4% | 0.08% | +0.04 |
| FTNT Fortinet Inc. | Add +59.1% | 0.23% | +0.04 |
| EMR Emerson Electric Co. | Add +53.2% | 0.12% | +0.04 |
| ALLE Allegion PLC | Add +239.6% | 0.05% | +0.03 |
| SHOP Shopify Inc. Class A | Add +0.4% | 0.19% | +0.03 |
| DLTR Dollar Tree Inc. | Add +296.3% | 0.04% | +0.03 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +113.1% | 0.05% | +0.03 |
| WRB WR Berkley Corp. | Add +228.6% | 0.04% | +0.03 |
| WPC WP Carey Inc. | Add +133.6% | 0.05% | +0.03 |
| TPR Tapestry Inc. | Add +153.2% | 0.04% | +0.03 |
| RBLX Roblox Corp. Class A | Add +42.3% | 0.06% | +0.03 |
| AZO AutoZone Inc. | Add +59.6% | 0.06% | +0.03 |
| RJF Raymond James Financial Inc. | Add +69.0% | 0.05% | +0.02 |
| EW Edwards Lifesciences Corp. | Add +41.5% | 0.09% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +1.7% | 0.28% | +0.02 |
| GDDY GoDaddy Inc. Class A | Add +210.3% | 0.04% | +0.02 |
| VICI Vici Properties Inc. | Add +34.9% | 0.09% | +0.02 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +33.1% | 0.04% | +0.02 |
| EQT Eqt Corp. | Add +42.0% | 0.09% | +0.02 |
| STZ Constellation Brands Inc. Class A | Add +78.3% | 0.06% | +0.02 |
| SSNC Ss&c Technologies Holdings | Add +42.9% | 0.05% | +0.02 |
| ULTA Ulta Beauty Inc. | Add +35.9% | 0.05% | +0.02 |
| AU Anglogold Ashanti PLC | Add +7.6% | 0.04% | +0.02 |
| WMS Advanced Drainage Systems Inc. | Add +166.8% | 0.02% | +0.02 |
| CL Colgate-Palmolive Co. | Add +41.4% | 0.10% | +0.02 |
| CNI Canadian Natl Railway Co. | Add +46.7% | 0.07% | +0.01 |
Notes & Other Activity Q2 2025 → Q3 2025
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Reduce -7.4% | 2,500,000 | $3.1M |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | Sold out | 1,800,000 | $2.7Mbefore exit |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | Reduce -6.9% | 2,700,000 | $2.7M |
| JD.COM INC (JD 0.25 06/01/29) | NOTE 0.250% 6/0 · principal | Reduce -11.3% | 2,350,000 | $2.5M |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | Add +20.0% | 1,800,000 | $1.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | Reduce -52.0% | 1,200,000 | $1.8M |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | New | 1,400,000 | $1.7M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | Sold out | 1,200,000 | $1.6Mbefore exit |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | Add +33.3% | 1,200,000 | $1.5M |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | Reduce -16.7% | 1,000,000 | $1.4M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +70.6% | 1,450,000 | $1.3M |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | Sold out | 800,000 | $1.2Mbefore exit |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Add +10.0% | 1,100,000 | $1.2M |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | NOTE 0.500% 6/0 · principal | Add +50.0% | 600,000 | $1.1M |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | Add +40.0% | 1,050,000 | $1.1M |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Sold out | 1,100,000 | $1.0Mbefore exit |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | Reduce -38.9% | 1,100,000 | $1.0M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -30.8% | 900,000 | $913K |
| ENOVIS CORP (ENOV 3.875 10/15/28) | NOTE 3.875%10/1 · principal | Sold out | 900,000 | $889Kbefore exit |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | Sold out | 950,000 | $852Kbefore exit |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | Sold out | 600,000 | $810Kbefore exit |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | Sold out | 800,000 | $789Kbefore exit |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | Sold out | 650,000 | $730Kbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Reduce -55.6% | 400,000 | $673K |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | New | 400,000 | $607K |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | NOTE 3.625% 6/1 · principal | Sold out | 600,000 | $602Kbefore exit |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Sold out | 400,000 | $559Kbefore exit |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | Sold out | 500,000 | $519Kbefore exit |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | New | 500,000 | $512K |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Sold out | 500,000 | $475Kbefore exit |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | Reduce -44.4% | 500,000 | $447K |
| NIO INC (NIO 4.625 10/15/30) | NOTE 4.625%10/1 · principal | New | 400,000 | $422K |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Reduce -80.6% | 168,115 | $412K |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | New | 400,000 | $387K |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | Sold out | 350,000 | $356Kbefore exit |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | New | 400,000 | $344K |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Sold out | 200,000 | $187Kbefore 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 |