CAPSTONE INVESTMENT ADVISORS, LLC
CIK 0001426196
Annualised vol
12.7822%
Beta
0.609589
HHI
384.523884
Top-10 weight
47.315197%
VaR 95%
1.276944%
VaR 99%
2.235706%
Max drawdown
20.433908%
Matched value
51.814878%
Holdings (latest quarter)
| Ticker | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 6,974,682,446 | 12.91 | 9339800.0 |
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 5,769,325,800 | 10.68 | 7834500.0 |
| NVDA | NVIDIA CORPORATION | COM | 67066G104 | 2,259,196,181 | 4.18 | 1.12909E7 |
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 2,054,850,560 | 3.8 | 2790400.0 |
| MSFT | MICROSOFT CORP | COM | 594918104 | 1,792,696,818 | 3.32 | 4805900.0 |
| MSFT | MICROSOFT CORP | COM | 594918104 | 1,605,198,688 | 2.97 | 4303251.0 |
| NVDA | NVIDIA CORPORATION | COM | 67066G104 | 1,374,571,679 | 2.54 | 6869767.0 |
| WDC | WESTERN DIGITAL CORP | NOTE 3.000%11/1 | 958102AT2 | 1,356,378,578 | 2.51 | 8.05E7 |
| AAPL | APPLE INC | COM | 037833100 | 1,212,389,464 | 2.24 | 4189900.0 |
| - | ISHARES TR | CORE S&P500 ETF | 464287200 | 1,169,847,060 | 2.16 | 1562108.0 |
| AMZN | AMAZON COM INC | COM | 023135106 | 1,060,136,320 | 1.96 | 4448000.0 |
| TSLA | TESLA INC | COM | 88160R101 | 884,858,280 | 1.64 | 2103800.0 |
| AMZN | AMAZON COM INC | COM | 023135106 | 736,345,948 | 1.36 | 3089477.0 |
| - | ISHARES TR | IBOXX INV CP ETF | 464287242 | 681,414,823 | 1.26 | 6247500.0 |
| - | ISHARES TR | RUSSELL 2000 ETF | 464287655 | 673,008,000 | 1.25 | 2240000.0 |
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 664,924,008 | 1.23 | 890400.0 |
| NBIS | NEBIUS GROUP N.V. | SHS CLASS A | N97284108 | 622,901,439 | 1.15 | 2255500.0 |
| MU | MICRON TECHNOLOGY INC | COM | 595112103 | 601,615,948 | 1.11 | 521200.0 |
| - | VANGUARD INDEX FDS | S&P 500 ETF SHS | 922908363 | 589,230,782 | 1.09 | 857924.0 |
| TSLA | TESLA INC | COM | 88160R101 | 556,449,173 | 1.03 | 1322989.0 |
| - | SELECT SECTOR SPDR TR | ST STR FINL ETF | 81369Y605 | 532,427,718 | 0.99 | 9931500.0 |
| GOOGL | ALPHABET INC | CAP STK CL C | 02079K107 | 521,974,409 | 0.97 | 1477300.0 |
| GOOGL | ALPHABET INC | CAP STK CL A | 02079K305 | 472,836,247 | 0.87 | 1323100.0 |
| - | ISHARES TR | CHINA LG-CAP ETF | 464287184 | 424,244,225 | 0.79 | 1.34297E7 |
| META | META PLATFORMS INC | CL A | 30303M102 | 384,501,754 | 0.71 | 682600.0 |
| - | ISHARES TR | CHINA LG-CAP ETF | 464287184 | 365,565,800 | 0.68 | 1.15722E7 |
| AMD | ADVANCED MICRO DEVICES INC | COM | 007903107 | 354,994,101 | 0.66 | 611100.0 |
| AAPL | APPLE INC | COM | 037833100 | 354,379,192 | 0.66 | 1224700.0 |
| META | META PLATFORMS INC | CL A | 30303M102 | 335,084,886 | 0.62 | 594871.0 |
| NVDA | NVIDIA CORPORATION | COM | 67066G104 | 316,242,245 | 0.59 | 1580500.0 |
| - | INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 314,402,298 | 0.58 | 426945.0 |
| AVGO | BROADCOM INC | COM | 11135F101 | 313,079,200 | 0.58 | 828800.0 |
| - | SELECT SECTOR SPDR TR | ST STR FINL ETF | 81369Y605 | 288,309,221 | 0.53 | 5377900.0 |
| - | ISHARES TR | IBOXX HI YD ETF | 464288513 | 284,085,428 | 0.53 | 3552400.0 |
| INTC | INTEL CORP | COM | 458140100 | 283,295,307 | 0.52 | 2028900.0 |
| AAPL | APPLE INC | COM | 037833100 | 270,463,924 | 0.5 | 934697.0 |
| MU | MICRON TECHNOLOGY INC | COM | 595112103 | 265,901,090 | 0.49 | 230359.0 |
| - | BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 243,139,501 | 0.45 | 485900.0 |
| TSLA | TESLA INC | COM | 88160R101 | 232,213,260 | 0.43 | 552100.0 |
| - | ISHARES TR | MSCI EMG MKT ETF | 464287234 | 215,607,797 | 0.4 | 3151700.0 |
| - | VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | 214,148,085 | 0.4 | 326500.0 |
| ECHO | ECHOSTAR CORP | NOTE 3.875%11/3 | 278768AB2 | 204,962,501 | 0.38 | 6.5588E7 |
| NOK | NOKIA CORP | SPONSORED ADR | 654902204 | 193,826,633 | 0.36 | 1.4595379E7 |
| - | SPDR SERIES TRUST | ST STR SP REGBNK | 78464A698 | 193,487,250 | 0.36 | 2585000.0 |
| NOK | NOKIA CORP | SPONSORED ADR | 654902204 | 193,224,000 | 0.36 | 1.455E7 |
| - | SPDR SERIES TRUST | ST STR SP REGBNK | 78464A698 | 191,773,185 | 0.35 | 2562100.0 |
| AMZN | AMAZON COM INC | COM | 023135106 | 186,334,212 | 0.34 | 781800.0 |
| ORCL | ORACLE CORP | COM | 68389X105 | 178,393,996 | 0.33 | 1217291.0 |
| - | ISHARES TR | RUSSELL 2000 ETF | 464287655 | 171,256,500 | 0.32 | 570000.0 |
| AVGO | BROADCOM INC | COM | 11135F101 | 169,343,436 | 0.31 | 448295.0 |
| JPM | JPMORGAN CHASE & CO | COM | 46625H100 | 164,581,524 | 0.3 | 502800.0 |
| MSFT | MICROSOFT CORP | COM | 594918104 | 157,973,970 | 0.29 | 423500.0 |
| - | APPLIED MATLS INC | COM | 038222105 | 146,190,600 | 0.27 | 202200.0 |
| - | SPACE EXPLORATION TECHN CORP | CLASS A COM STK | 84615Q103 | 138,823,750 | 0.26 | 812500.0 |
| LLY | ELI LILLY & CO | COM | 532457108 | 138,294,279 | 0.26 | 115300.0 |
| SNDK | SANDISK CORP | COM | 80004C200 | 133,695,324 | 0.25 | 58800.0 |
| IDCC | INTERDIGITAL INC | NOTE 3.500% 6/0 | 45867GAD3 | 127,717,647 | 0.24 | 3.4886E7 |
| BBIO | BRIDGEBIO PHARMA INC | NOTE 2.500% 3/1 | 10806XAB8 | 124,494,436 | 0.23 | 6.9872E7 |
| GOOGL | ALPHABET INC | CAP STK CL C | 02079K107 | 123,983,497 | 0.23 | 350900.0 |
| - | EXXON MOBIL CORP | COM | 30231G102 | 122,391,744 | 0.23 | 895200.0 |
| META | META PLATFORMS INC | CL A | 30303M102 | 122,121,272 | 0.23 | 216800.0 |
| MSTR | STRATEGY INC | CL A NEW | 594972408 | 119,276,653 | 0.22 | 1372100.0 |
| LRCX | LAM RESEARCH CORP | COM NEW | 512807306 | 115,352,446 | 0.21 | 266200.0 |
| MSTR | STRATEGY INC | CL A NEW | 594972408 | 112,866,522 | 0.21 | 1298361.0 |
| AVGO | BROADCOM INC | COM | 11135F101 | 109,169,750 | 0.2 | 289000.0 |
| PLTR | PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | 107,934,917 | 0.2 | 925130.0 |
| GOOGL | ALPHABET INC | CAP STK CL A | 02079K305 | 106,174,627 | 0.2 | 297100.0 |
| IBIT | ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | 100,535,800 | 0.19 | 3020000.0 |
| - | BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 98,755,970 | 0.18 | 197358.0 |
| GOOGL | ALPHABET INC | CAP STK CL C | 02079K107 | 96,078,554 | 0.18 | 271923.0 |
| WBD | WARNER BROS DISCOVERY INC | COM SER A | 934423104 | 90,777,300 | 0.17 | 3405000.0 |
| JNJ | JOHNSON & JOHNSON | COM | 478160104 | 90,083,159 | 0.17 | 354700.0 |
| CAT | CATERPILLAR INC | COM | 149123101 | 89,771,070 | 0.17 | 84300.0 |
| ORCL | ORACLE CORP | COM | 68389X105 | 87,768,795 | 0.16 | 598900.0 |
| PLTR | PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | 86,569,140 | 0.16 | 742000.0 |
| NET | CLOUDFLARE INC | NOTE 8/1 | 18915MAC1 | 86,222,301 | 0.16 | 6.7E7 |
| - | CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 | 79,756,932 | 0.15 | 3.5636E7 |
| - | CISCO SYS INC | COM | 17275R102 | 77,441,378 | 0.14 | 659300.0 |
| - | CHART INDS INC | COM | 16115Q308 | 77,307,800 | 0.14 | 370000.0 |
| PANW | PALO ALTO NETWORKS INC | COM | 697435105 | 76,661,296 | 0.14 | 224800.0 |
| - | BANK OF AMER CORP | COM | 060505104 | 76,512,744 | 0.14 | 1342800.0 |
| GS | GOLDMAN SACHS GROUP INC | COM | 38141G104 | 76,156,161 | 0.14 | 75300.0 |
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 75,668,711 | 0.14 | 101328.0 |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 74,218,263 | 0.14 | 773268.0 |
| - | WEBSTER FINL CORP | COM | 947890109 | 71,452,700 | 0.13 | 935000.0 |
| - | LIVE NATION ENTERTAINMENT IN | NOTE 3.125% 1/1 | 538034BA6 | 71,360,000 | 0.13 | 4.0E7 |
| V | VISA INC | COM CL A | 92826C839 | 70,024,669 | 0.13 | 204100.0 |
| WMT | WALMART INC | COM | 931142103 | 69,688,878 | 0.13 | 615300.0 |
| - | ISHARES TR | CHINA LG-CAP ETF | 464287184 | 69,533,601 | 0.13 | 2201127.0 |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 69,105,600 | 0.13 | 720000.0 |
| KVUE | KENVUE INC | COM | 49177J102 | 68,793,267 | 0.13 | 3599857.0 |
| MIRM | MIRUM PHARMACEUTICALS INC | NOTE 4.000% 5/0 | 604749AB7 | 68,303,720 | 0.13 | 1.8448E7 |
| GEV | GE VERNOVA INC | COM | 36828A101 | 67,671,936 | 0.13 | 57600.0 |
| C | CITIGROUP INC | COM NEW | 172967424 | 66,816,904 | 0.12 | 477400.0 |
| AKAM | AKAMAI TECHNOLOGIES INC | NOTE 0.250% 5/1 | 00971TAQ4 | 65,733,756 | 0.12 | 4.5E7 |
| PG | PROCTER & GAMBLE CO | COM | 742718109 | 65,665,392 | 0.12 | 447800.0 |
| CVX | CHEVRON CORPORATION | COM | 166764100 | 65,176,832 | 0.12 | 393200.0 |
| MRVL | MARVELL TECHNOLOGY INC | COM | 573874104 | 64,791,075 | 0.12 | 217500.0 |
| XERS | XERIS BIOPHARMA HOLDINGS INC | NOTE 8.000% 7/1 | 98422EAB9 | 62,636,680 | 0.12 | 2.3074E7 |
| - | SELECT SECTOR SPDR TR | ST STR ENERG ETF | 81369Y506 | 61,859,660 | 0.11 | 1164746.0 |
| NFLX | NETFLIX INC. | COM | 64110L106 | 61,239,780 | 0.11 | 857700.0 |
| BMRN | BIOMARIN PHARMACEUTICAL INC | NOTE 1.250% 5/1 | 09061GAK7 | 60,821,254 | 0.11 | 6.2432E7 |
| UNH | UNITEDHEALTH GROUP INC | COM | 91324P102 | 59,268,838 | 0.11 | 142600.0 |
| WBD | WARNER BROS DISCOVERY INC | COM SER A | 934423104 | 58,438,720 | 0.11 | 2192000.0 |
| UBER | UBER TECHNOLOGIES INC | NOTE 0.875%12/0 | 90353TAM2 | 57,349,458 | 0.11 | 4.7871E7 |
| - | SPACE EXPLORATION TECHN CORP | CLASS A COM STK | 84615Q103 | 55,529,500 | 0.1 | 325000.0 |
| LRCX | LAM RESEARCH CORP | COM NEW | 512807306 | 53,429,589 | 0.1 | 123300.0 |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 52,715,609 | 0.1 | 110383.0 |
| - | QUALCOMM INC | COM | 747525103 | 52,387,965 | 0.1 | 283500.0 |
| - | SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 | 49,215,000 | 0.09 | 51000.0 |
| ETSY | ETSY INC | COM | 29786A106 | 48,264,383 | 0.09 | 640706.0 |
| MRK | MERCK & CO INC | COM | 58933Y105 | 46,953,900 | 0.09 | 365400.0 |
| KO | COCA COLA CO | COM | 191216100 | 46,722,123 | 0.09 | 574900.0 |
| CBRS | CEREBRAS SYSTEMS INC | COM CL A | 15675D103 | 44,664,100 | 0.08 | 202100.0 |
| ETSY | ETSY INC | NOTE 0.125% 9/0 | 29786AAL0 | 44,565,400 | 0.08 | 4.7E7 |
| MU | MICRON TECHNOLOGY INC | COM | 595112103 | 44,324,736 | 0.08 | 38400.0 |
| ROKU | ROKU INC | COM CL A | 77543R102 | 44,204,800 | 0.08 | 320000.0 |
| SNDK | SANDISK CORP | COM | 80004C200 | 44,189,943 | 0.08 | 19435.0 |
| ETSY | ETSY INC | NOTE 1.000% 6/1 | 29786AAQ9 | 43,854,175 | 0.08 | 3.775E7 |
| RTX | RTX CORPORATION | COM | 75513E101 | 43,789,684 | 0.08 | 230800.0 |
| - | BENTLEY SYS INC | NOTE 0.375% 7/0 | 08265TAD1 | 43,780,486 | 0.08 | 4.5543E7 |
| ABBV | ABBVIE INC | COM | 00287Y109 | 42,803,964 | 0.08 | 170100.0 |
| ADBE | ADOBE INC | COM | 00724F101 | 42,172,614 | 0.08 | 205700.0 |
| DELL | DELL TECHNOLOGIES INC | CL C | 24703L202 | 41,765,328 | 0.08 | 96800.0 |
| - | ISHARES TR | MSCI EMG MKT ETF | 464287234 | 41,392,497 | 0.08 | 605065.0 |
| HD | HOME DEPOT INC | COM | 437076102 | 41,157,756 | 0.08 | 116700.0 |
| MS | MORGAN STANLEY | COM NEW | 617446448 | 41,139,072 | 0.08 | 196800.0 |
| - | GRANITE CONSTR INC | NOTE 3.250% 6/1 | 387328AF4 | 40,867,125 | 0.08 | 1.95E7 |
| - | WELLS FARGO & CO | COM | 949746101 | 40,634,088 | 0.08 | 491700.0 |
| MA | MASTERCARD INCORPORATED | CL A | 57636Q104 | 40,317,600 | 0.07 | 78500.0 |
| ADBE | ADOBE INC | COM | 00724F101 | 40,017,854 | 0.07 | 195190.0 |
| - | GE AEROSPACE | COM NEW | 369604301 | 39,876,991 | 0.07 | 106700.0 |
| - | CISCO SYS INC | COM | 17275R102 | 39,795,448 | 0.07 | 338800.0 |
| AMD | ADVANCED MICRO DEVICES INC | COM | 007903107 | 39,734,244 | 0.07 | 68400.0 |
| - | CROWDSTRIKE HLDGS INC | CL A | 22788C105 | 39,225,396 | 0.07 | 51400.0 |
| COST | COSTCO WHOLESALE CORPORATION | COM | 22160K105 | 38,822,005 | 0.07 | 41500.0 |
| NFLX | NETFLIX INC. | COM | 64110L106 | 37,810,513 | 0.07 | 529559.0 |
| WDC | WESTERN DIGITAL CORP | COM | 958102105 | 37,684,480 | 0.07 | 59000.0 |
| JPM | JPMORGAN CHASE & CO | COM | 46625H100 | 37,217,421 | 0.07 | 113700.0 |
| LRN | STRIDE INC | NOTE 1.125% 9/0 | 86333MAA6 | 36,378,000 | 0.07 | 2.15E7 |
| AMD | ADVANCED MICRO DEVICES INC | COM | 007903107 | 35,414,016 | 0.07 | 60963.0 |
| VZ | VERIZON COMMUNICATIONS INC | COM | 92343V104 | 35,400,474 | 0.07 | 836100.0 |
| DXCM | DEXCOM INC | NOTE 0.375% 5/1 | 252131AM9 | 34,864,358 | 0.06 | 3.7338E7 |
| - | APPLIED MATLS INC | COM | 038222105 | 34,848,600 | 0.06 | 48200.0 |
| - | INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 34,757,556 | 0.06 | 123600.0 |
| WMT | WALMART INC | COM | 931142103 | 34,295,128 | 0.06 | 302800.0 |
| - | ALPHATEC HLDGS INC | NOTE 0.750% 8/0 | 02081GAB8 | 33,130,636 | 0.06 | 3.3247E7 |
| LIN | LINDE PLC | SHS | G54950103 | 33,004,584 | 0.06 | 63600.0 |
| - | ARK ETF TR | INNOVATION ETF | 00214Q104 | 32,328,000 | 0.06 | 400000.0 |
| - | BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 32,125,038 | 0.06 | 64200.0 |
| FCX | FREEPORT MCMORAN INC | CL B | 35671D857 | 31,948,120 | 0.06 | 508000.0 |
| PM | PHILIP MORRIS INTL INC | COM | 718172109 | 31,424,067 | 0.06 | 173700.0 |
| UBER | UBER TECHNOLOGIES INC | COM | 90353T100 | 31,252,496 | 0.06 | 433100.0 |
| ADI | ANALOG DEVICES INC | COM | 032654105 | 31,177,845 | 0.06 | 78500.0 |
| SE | SEA LTD | NOTE 0.250% 9/1 | 81141RAG5 | 30,748,900 | 0.06 | 3.1E7 |
| XMTR | XOMETRY INC | NOTE 0.750% 6/1 | 98423FAD1 | 30,506,468 | 0.06 | 1.37E7 |
| - | BANK OF AMER CORP | COM | 060505104 | 30,438,716 | 0.06 | 534200.0 |
| CRM | SALESFORCE INC | COM | 79466L302 | 30,329,376 | 0.06 | 193600.0 |
| LNT | ALLIANT ENERGY CORP | NOTE 3.250% 5/3 | 018802AE8 | 30,295,496 | 0.06 | 2.75E7 |
| BLK | BLACKROCK INC | COM | 09290D101 | 30,289,140 | 0.06 | 31500.0 |
| - | VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | 29,842,995 | 0.06 | 45500.0 |
| - | ISHARES TR | IBOXX HI YD ETF | 464288513 | 29,792,824 | 0.06 | 372550.0 |
| ANET | ARISTA NETWORKS INC | COM SHS | 040413205 | 29,542,132 | 0.05 | 173900.0 |
| - | EXXON MOBIL CORP | COM | 30231G102 | 29,107,688 | 0.05 | 212900.0 |
| CRM | SALESFORCE INC | COM | 79466L302 | 28,825,440 | 0.05 | 184000.0 |
| EVRG | EVERGY INC | NOTE 4.500%12/1 | 30034WAD8 | 28,473,000 | 0.05 | 2.0E7 |
| - | DISNEY WALT CO | COM | 254687106 | 27,797,000 | 0.05 | 288800.0 |
| - | SPDR SERIES TRUST | ST TERM HIGH ETF | 78468R408 | 27,783,325 | 0.05 | 1110001.0 |
| INTC | INTEL CORP | COM | 458140100 | 27,590,888 | 0.05 | 197600.0 |
| - | MAKEMYTRIP LIMITED MAURITIUS | NOTE 7/0 | 56087FAD6 | 27,360,000 | 0.05 | 3.0E7 |
| PEP | PEPSICO INC | COM | 713448108 | 26,849,820 | 0.05 | 198300.0 |
| - | SPDR SERIES TRUST | ST BLOO HIGH ETF | 78468R622 | 26,752,408 | 0.05 | 277601.0 |
| - | POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 | 26,654,413 | 0.05 | 2.5691E7 |
| SBUX | STARBUCKS CORP | COM | 855244109 | 26,405,896 | 0.05 | 258400.0 |
| NOW | SERVICENOW INC | COM | 81762P102 | 26,170,208 | 0.05 | 263600.0 |
| PLD | PROLOGIS INC. | COM | 74340W103 | 26,077,975 | 0.05 | 192500.0 |
| PG | PROCTER & GAMBLE CO | COM | 742718109 | 25,896,624 | 0.05 | 176600.0 |
| - | ISHARES INC | MSCI BRAZIL ETF | 464286400 | 25,816,040 | 0.05 | 748291.0 |
| - | ISHARES TR | 0-5YR HI YL CP | 46434V407 | 25,378,186 | 0.05 | 598401.0 |
| - | ROBINHOOD MKTS INC | COM CL A | 770700102 | 24,628,768 | 0.05 | 245600.0 |
| FE | FIRSTENERGY CORP | NOTE 3.625% 1/1 | 337932AT4 | 24,586,875 | 0.05 | 2.25E7 |
| NFLX | NETFLIX INC. | COM | 64110L106 | 24,547,320 | 0.05 | 343800.0 |
| GSAT | GLOBALSTAR INC | COM NEW | 378973507 | 24,387,000 | 0.05 | 300000.0 |
| FLR | FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 | 24,031,423 | 0.04 | 1.8113E7 |
| - | AMPHENOL CORP | CL A | 032095101 | 23,961,888 | 0.04 | 135900.0 |
| TMO | THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 23,864,736 | 0.04 | 47600.0 |
| V | VISA INC | COM CL A | 92826C839 | 23,673,210 | 0.04 | 69000.0 |
| LLY | ELI LILLY & CO | COM | 532457108 | 23,508,828 | 0.04 | 19600.0 |
| - | CORNING INC | COM | 219350105 | 23,320,759 | 0.04 | 91300.0 |
| RGEN | REPLIGEN CORP | NOTE 1.000%12/1 | 759916AD1 | 23,127,122 | 0.04 | 2.25E7 |
| XYZ | BLOCK INC | NOTE 0.250%11/0 | 852234AK9 | 22,937,677 | 0.04 | 2.4164E7 |
| COP | CONOCOPHILLIPS | COM | 20825C104 | 22,923,180 | 0.04 | 220500.0 |
| - | MAKEMYTRIP LIMITED MAURITIUS | NOTE 2/1 | 56087FAB0 | 22,875,000 | 0.04 | 1.5E7 |
| SMCI | SUPER MICRO COMPUTER INC | 7 DEP CM SR A WI | 86800U500 | 22,862,400 | 0.04 | 3.74066E8 |
| UBER | UBER TECHNOLOGIES INC | COM | 90353T100 | 22,840,877 | 0.04 | 316531.0 |
| GXO | GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 | 22,711,521 | 0.04 | 447959.0 |
| INVA | INNOVIVA INC | NOTE 2.125% 3/1 | 45781MAD3 | 22,593,075 | 0.04 | 2.1E7 |
| - | TEXAS INSTRS INC | COM | 882508104 | 22,534,092 | 0.04 | 75600.0 |
| MCD | MCDONALDS CORP | COM | 580135101 | 22,435,730 | 0.04 | 83000.0 |
| NEE | NEXTERA ENERGY INC | COM | 65339F101 | 22,355,019 | 0.04 | 254700.0 |
| COST | COSTCO WHOLESALE CORPORATION | COM | 22160K105 | 21,796,451 | 0.04 | 23300.0 |
| LULU | LULULEMON ATHLETICA INC | COM | 550021109 | 21,573,968 | 0.04 | 188947.0 |
| BMY | BRISTOL-MYERS SQUIBB CO | COM | 110122108 | 21,423,116 | 0.04 | 371800.0 |
| PLTR | PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | 21,280,608 | 0.04 | 182400.0 |
| DE | DEERE & CO | COM | 244199105 | 21,250,055 | 0.04 | 33500.0 |
| MCD | MCDONALDS CORP | COM | 580135101 | 20,867,932 | 0.04 | 77200.0 |
| - | ISHARES TR | RUSSELL 2000 ETF | 464287655 | 20,729,247 | 0.04 | 68994.0 |
| PFE | PFIZER INC | COM | 717081103 | 20,691,944 | 0.04 | 859300.0 |
| - | UNITED PARCEL SVCS INC | CL B | 911312106 | 20,554,000 | 0.04 | 191200.0 |
| - | ALPHATEC HLDGS INC | NOTE 0.750% 3/1 | 02081GAD4 | 20,394,750 | 0.04 | 2.13E7 |
| - | ISHARES TR | NATIONAL MUN ETF | 464288414 | 20,125,048 | 0.04 | 187001.0 |
| AMGN | AMGEN INC | COM | 031162100 | 19,916,600 | 0.04 | 55000.0 |
| T | AT&T INC | COM | 00206R102 | 19,840,950 | 0.04 | 958500.0 |
| COIN | COINBASE GLOBAL INC | COM CL A | 19260Q107 | 19,662,555 | 0.04 | 134500.0 |
| - | GDS HLDGS LTD | NOTE 2.250% 6/0 | 36165LAD0 | 19,153,147 | 0.04 | 1.575E7 |
| HD | HOME DEPOT INC | COM | 437076102 | 19,009,452 | 0.04 | 53900.0 |
| KO | COCA COLA CO | COM | 191216100 | 18,887,148 | 0.03 | 232400.0 |
| GME | GAMESTOP CORP | NOTE 6/1 | 36467WAG4 | 18,833,000 | 0.03 | 1.85E7 |
| LIVN | LIVANOVA PLC | NOTE 2.500% 3/1 | 53802LAB8 | 18,816,143 | 0.03 | 1.3809E7 |
| - | ISHARES TR | ISHARES SEMICDTR | 464287523 | 18,325,736 | 0.03 | 28600.0 |
| RPD | RAPID7 INC | NOTE 0.250% 3/1 | 753422AF1 | 18,228,845 | 0.03 | 1.889E7 |
| - | QUALCOMM INC | COM | 747525103 | 18,183,336 | 0.03 | 98400.0 |
| CVS | CVS HEALTH CORP | COM | 126650100 | 17,772,710 | 0.03 | 171800.0 |
| - | UNION PAC CORP | COM | 907818108 | 17,680,000 | 0.03 | 65000.0 |
| VAL | VALARIS LTD | CL A | G9460G101 | 17,424,000 | 0.03 | 240000.0 |
| PFE | PFIZER INC | COM | 717081103 | 17,253,320 | 0.03 | 716500.0 |
| FE | FIRSTENERGY CORP | NOTE 3.875% 1/1 | 337932AV9 | 17,227,475 | 0.03 | 1.55E7 |
| GH | GUARDANT HEALTH INC | NOTE 11/1 | 40131MAB5 | 17,162,006 | 0.03 | 1.3745E7 |
| - | AXALTA COATING SYS LTD | COM | G0750C108 | 17,110,000 | 0.03 | 500000.0 |
| CEG | CONSTELLATION ENERGY CORP | COM | 21037T109 | 17,058,300 | 0.03 | 68681.0 |
| CRM | SALESFORCE INC | COM | 79466L302 | 17,001,370 | 0.03 | 108524.0 |
| NKE | NIKE INC | CL B | 654106103 | 16,998,805 | 0.03 | 414100.0 |
| - | INTEGER HLDGS CORP | DBCV 1.875% 3/1 | 45826HAD1 | 16,996,875 | 0.03 | 1.75E7 |
| - | ISHARES TR | EXPANDED TECH | 464287515 | 16,761,000 | 0.03 | 185000.0 |
| - | LUMENTUM HLDGS INC | COM | 55024U109 | 16,454,159 | 0.03 | 19176.0 |
| LULU | LULULEMON ATHLETICA INC | COM | 550021109 | 16,384,830 | 0.03 | 143500.0 |
| CME | CME GROUP INC | COM | 12572Q105 | 16,337,224 | 0.03 | 73981.0 |
| - | CROWDSTRIKE HLDGS INC | CL A | 22788C105 | 16,331,196 | 0.03 | 21400.0 |
| TMDX | TRANSMEDICS GROUP INC | NOTE 1.500% 6/0 | 89377MAB5 | 16,274,250 | 0.03 | 1.5E7 |
| - | ISHARES TR | MSCI EMG MKT ETF | 464287234 | 16,158,442 | 0.03 | 236200.0 |
| MARA | MARA HOLDINGS INC | NOTE 3/0 | 565788AF3 | 16,052,000 | 0.03 | 1.6E7 |
| GILD | GILEAD SCIENCES INC | COM | 375558103 | 15,994,644 | 0.03 | 126600.0 |
| - | UNITED PARCEL SVCS INC | CL B | 911312106 | 15,953,000 | 0.03 | 148400.0 |
| - | APOGEE THERAPEUTICS INC | COM | 03770N101 | 15,927,600 | 0.03 | 120000.0 |
| DAL | DELTA AIR LINES INC | COM NEW | 247361702 | 15,912,834 | 0.03 | 169900.0 |
| BA | BOEING CO | COM | 097023105 | 15,867,251 | 0.03 | 73300.0 |
| - | INNIO NV | ORDINARY SHARES | N52A8C105 | 15,820,000 | 0.03 | 400000.0 |
| UNH | UNITEDHEALTH GROUP INC | COM | 91324P102 | 15,793,940 | 0.03 | 38000.0 |
| CELC | CELCUITY INC | NOTE 2.750% 8/0 | 15102KAA8 | 15,767,500 | 0.03 | 7000000.0 |
| CAT | CATERPILLAR INC | COM | 149123101 | 15,760,520 | 0.03 | 14800.0 |
| - | SPDR SERIES TRUST | ST STR SP BIOT | 78464A870 | 15,666,750 | 0.03 | 99000.0 |
| - | NUVALENT INC | COM | 670703107 | 15,598,421 | 0.03 | 126303.0 |
| AXP | AMERICAN EXPRESS CO | COM | 025816109 | 15,593,325 | 0.03 | 46100.0 |
| BX | BLACKSTONE INC | COM | 09260D107 | 15,545,854 | 0.03 | 132114.0 |
| ETN | EATON CORP PLC | SHS | G29183103 | 15,425,544 | 0.03 | 36200.0 |
| ATEN | A10 NETWORKS INC | NOTE 2.750% 4/0 | 002121AB7 | 15,311,700 | 0.03 | 9000000.0 |
| - | TJX COS INC NEW | COM | 872540109 | 15,119,700 | 0.03 | 99800.0 |
| - | ISHARES TR | MSCI EAFE ETF | 464287465 | 15,104,152 | 0.03 | 145400.0 |
| JNJ | JOHNSON & JOHNSON | COM | 478160104 | 14,908,039 | 0.03 | 58700.0 |
| MARA | MARA HOLDINGS INC | NOTE 2.125% 9/0 | 565788AD8 | 14,884,926 | 0.03 | 1.3327E7 |
| QXO | QXO INC | COM NEW | 82846H405 | 14,860,800 | 0.03 | 860000.0 |
| TECH | BIO-TECHNE CORP | COM | 09073M104 | 14,836,500 | 0.03 | 210000.0 |
| MDLZ | MONDELEZ INTL INC | CL A | 609207105 | 14,540,976 | 0.03 | 251400.0 |
| - | VANECK ETF TRUST | HIGH YLD MUNIETF | 92189H409 | 14,428,003 | 0.03 | 280101.0 |
| NEM | NEWMONT CORP | COM | 651639106 | 14,374,260 | 0.03 | 153900.0 |
| - | UNITED AIRLS HLDGS INC | COM | 910047109 | 14,346,945 | 0.03 | 105500.0 |
| SLB | SLB LIMITED | COM STK | 806857108 | 14,193,397 | 0.03 | 305300.0 |
| INTU | INTUIT | COM | 461202103 | 14,107,833 | 0.03 | 54053.0 |
| - | SPDR SERIES TRUST | ST STR CONV ETF | 78464A359 | 14,081,400 | 0.03 | 130601.0 |
| ORCL | ORACLE CORP | COM | 68389X105 | 14,054,145 | 0.03 | 95900.0 |
| FOXA | FOX CORP | CL B COM | 35137L204 | 14,037,948 | 0.03 | 299700.0 |
| - | INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 13,976,137 | 0.03 | 49700.0 |
| C | CITIGROUP INC | COM NEW | 172967424 | 13,940,016 | 0.03 | 99600.0 |
| - | SELECT SECTOR SPDR TR | ST STR CARE ETF | 81369Y209 | 13,882,750 | 0.03 | 87500.0 |
| CEG | CONSTELLATION ENERGY CORP | COM | 21037T109 | 13,759,698 | 0.03 | 55400.0 |
| - | GE AEROSPACE | COM NEW | 369604301 | 13,715,891 | 0.03 | 36700.0 |
| ABBV | ABBVIE INC | COM | 00287Y109 | 13,664,052 | 0.03 | 54300.0 |
| SCHW | SCHWAB CHARLES CORP | COM | 808513105 | 13,646,733 | 0.03 | 147900.0 |
| CB | CHUBB LIMITED | COM | H1467J104 | 13,561,452 | 0.03 | 39800.0 |
| - | MERIT MED SYS INC | NOTE 3.000% 2/0 | 589889AB0 | 13,487,500 | 0.02 | 1.25E7 |
| - | DISNEY WALT CO | COM | 254687106 | 13,398,000 | 0.02 | 139200.0 |
| CAKE | CHEESECAKE FACTORY INC | NOTE 2.000% 3/1 | 163072AC5 | 13,387,500 | 0.02 | 1.05E7 |
| - | SELECT SECTOR SPDR TR | ST STR ENERG ETF | 81369Y506 | 13,277,500 | 0.02 | 250000.0 |
| ABT | ABBOTT LABORATORIES | COM | 002824100 | 13,257,114 | 0.02 | 146100.0 |
| COIN | COINBASE GLOBAL INC | COM CL A | 19260Q107 | 13,183,560 | 0.02 | 90181.0 |
| INTU | INTUIT | COM | 461202103 | 13,154,400 | 0.02 | 50400.0 |
| - | CAPITAL ONE FINL CORP | COM | 14040H105 | 13,100,486 | 0.02 | 65300.0 |
| APP | APPLOVIN CORP | COM CL A | 03831W108 | 13,035,319 | 0.02 | 25300.0 |
| PTCT | PTC THERAPEUTICS INC | NOTE 1.500% 9/1 | 69366JAD3 | 12,997,000 | 0.02 | 8200000.0 |
| BX | BLACKSTONE INC | COM | 09260D107 | 12,979,001 | 0.02 | 110300.0 |
| TRV | TRAVELERS COMPANIES INC | COM | 89417E109 | 12,775,644 | 0.02 | 38700.0 |
| LMT | LOCKHEED MARTIN CORP | COM | 539830109 | 12,583,662 | 0.02 | 24700.0 |
| PANW | PALO ALTO NETWORKS INC | COM | 697435105 | 12,583,638 | 0.02 | 36900.0 |
| VRT | VERTIV HOLDINGS CO | COM CL A | 92537N108 | 12,321,376 | 0.02 | 36800.0 |
| MCK | MCKESSON CORP | COM | 58155Q103 | 12,240,720 | 0.02 | 16200.0 |
| - | PAYPAL HLDGS INC | COM | 70450Y103 | 12,198,350 | 0.02 | 282500.0 |
| CRWV | COREWEAVE INC | COM CL A | 21873S108 | 12,165,679 | 0.02 | 122219.0 |
| CVX | CHEVRON CORPORATION | COM | 166764100 | 12,034,176 | 0.02 | 72600.0 |
| CVS | CVS HEALTH CORP | COM | 126650100 | 11,762,265 | 0.02 | 113700.0 |
| MARA | MARA HOLDINGS INC | COM | 565788106 | 11,723,160 | 0.02 | 844000.0 |
| JBLU | JETBLUE AIRWAYS CORP | NOTE 2.500% 9/0 | 477143AR2 | 11,640,825 | 0.02 | 1.05E7 |
| AKAM | AKAMAI TECHNOLOGIES INC | NOTE 0.375% 9/0 | 00971TAL5 | 11,540,100 | 0.02 | 9610000.0 |
| GOOGL | ALPHABET INC | CAP STK CL A | 02079K305 | 11,516,963 | 0.02 | 32227.0 |
| BKNG | BOOKING HOLDINGS INC | COM | 09857L108 | 11,496,480 | 0.02 | 64500.0 |
| - | CAPITAL ONE FINL CORP | COM | 14040H105 | 11,455,402 | 0.02 | 57100.0 |
| HAL | HALLIBURTON CO | COM | 406216101 | 11,451,335 | 0.02 | 337300.0 |
| IREN | IREN LIMITED | ORDINARY SHARES | Q4982L109 | 11,432,500 | 0.02 | 250000.0 |
| NOW | SERVICENOW INC | COM | 81762P102 | 11,401,414 | 0.02 | 114841.0 |
| - | ISHARES INC | MSCI STH KOR ETF | 464286772 | 11,387,160 | 0.02 | 56400.0 |
| MRNA | MODERNA INC | COM | 60770K107 | 11,316,848 | 0.02 | 161600.0 |
| ISRG | INTUITIVE SURGICAL INC | COM NEW | 46120E602 | 11,294,112 | 0.02 | 28400.0 |
| TGT | TARGET CORP | COM | 87612E106 | 11,271,643 | 0.02 | 86300.0 |
| ANET | ARISTA NETWORKS INC | COM SHS | 040413205 | 11,246,056 | 0.02 | 66200.0 |
| CSX | CSX CORP | COM | 126408103 | 11,188,562 | 0.02 | 235400.0 |
| MMM | 3M CO | COM | 88579Y101 | 11,026,071 | 0.02 | 68100.0 |
| WELL | WELLTOWER INC | COM | 95040Q104 | 10,985,348 | 0.02 | 48400.0 |
| BLK | BLACKROCK INC | COM | 09290D101 | 10,961,784 | 0.02 | 11400.0 |
| - | PROGRESSIVE CORP | COM | 743315103 | 10,878,810 | 0.02 | 49800.0 |
| SO | SOUTHERN CO | COM | 842587107 | 10,853,514 | 0.02 | 113400.0 |
| - | EMERSON ELEC CO | COM | 291011104 | 10,850,770 | 0.02 | 75800.0 |
| KKR | KKR & CO INC | COM | 48251W104 | 10,819,485 | 0.02 | 117885.0 |
| JAN | JANUS LIVING INC | CL A-1 | 471024109 | 10,777,500 | 0.02 | 375000.0 |
| MO | ALTRIA GROUP INC | COM | 02209S103 | 10,749,330 | 0.02 | 149400.0 |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 10,745,325 | 0.02 | 22500.0 |
| - | LOWES COS INC | COM | 548661107 | 10,649,667 | 0.02 | 48300.0 |
| - | ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | 10,515,180 | 0.02 | 84500.0 |
| AA | ALCOA CORP | COM | 013872106 | 10,498,337 | 0.02 | 201349.0 |
| - | WILLIAMS COS INC | COM | 969457100 | 10,415,034 | 0.02 | 140100.0 |
| QXO | QXO INC | COM NEW | 82846H405 | 10,368,000 | 0.02 | 600000.0 |
| FTNT | FORTINET INC | COM | 34959E109 | 10,323,264 | 0.02 | 67200.0 |
| - | VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | 10,321,560 | 0.02 | 136800.0 |
| GOOGL | ALPHABET INC | DEP SHS RP1/20 A | 02079K404 | 10,178,000 | 0.02 | 1.6004E8 |
| T | AT&T INC | COM | 00206R102 | 10,081,976 | 0.02 | 487052.0 |
| GOOGL | ALPHABET INC | DEP SHS RP1/20 B | 02079K602 | 10,060,000 | 0.02 | 1.6004E8 |
| MS | MORGAN STANLEY | COM NEW | 617446448 | 10,033,920 | 0.02 | 48000.0 |
| PLD | PROLOGIS INC. | COM | 74340W103 | 10,011,233 | 0.02 | 73900.0 |
| NATL | NCR ATLEOS CORPORATION | COM SHS | 63001N106 | 9,997,323 | 0.02 | 230300.0 |
| - | CORNING INC | COM | 219350105 | 9,757,426 | 0.02 | 38200.0 |
| RTX | RTX CORPORATION | COM | 75513E101 | 9,752,122 | 0.02 | 51400.0 |
| COMP | COMPASS INC | CL A | 20464U100 | 9,730,244 | 0.02 | 789152.0 |
| MRNA | MODERNA INC | COM | 60770K107 | 9,636,128 | 0.02 | 137600.0 |
| CMCSA | COMCAST CORP NEW | CL A | 20030N101 | 9,635,875 | 0.02 | 392500.0 |
| NOG | NORTHERN OIL & GAS INC | NOTE 3.625% 4/1 | 665531AJ8 | 9,606,000 | 0.02 | 1.0E7 |
| TMUS | T-MOBILE US INC | COM | 872590104 | 9,577,383 | 0.02 | 57100.0 |
| - | EXXON MOBIL CORP | COM | 30231G102 | 9,539,365 | 0.02 | 69773.0 |
| - | TEXAS INSTRS INC | COM | 882508104 | 9,448,819 | 0.02 | 31700.0 |
| - | CARDINAL INFRASTRUCTURE GROU | CL A | 14154A102 | 9,420,000 | 0.02 | 100000.0 |
| - | OREILLY AUTOMOTIVE INC | COM | 67103H107 | 9,190,582 | 0.02 | 99800.0 |
| - | AMPHASTAR PHARMACEUTICALS IN | NOTE 2.000% 3/1 | 03209RAB9 | 9,172,800 | 0.02 | 1.008E7 |
| KKR | KKR & CO INC | COM | 48251W104 | 9,168,822 | 0.02 | 99900.0 |
| VST | VISTRA CORP | COM | 92840M102 | 9,152,951 | 0.02 | 57700.0 |
| AU | ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 | 9,121,723 | 0.02 | 112767.0 |
| - | EMERSON ELEC CO | COM | 291011104 | 9,090,025 | 0.02 | 63500.0 |
| LEN | LENNAR CORP | CL A | 526057104 | 9,058,049 | 0.02 | 100100.0 |
| SBUX | STARBUCKS CORP | COM | 855244109 | 9,054,034 | 0.02 | 88600.0 |
| CMG | CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | 9,050,800 | 0.02 | 266200.0 |
| CME | CME GROUP INC | COM | 12572Q105 | 9,009,864 | 0.02 | 40800.0 |
| - | QUANTA SVCS INC | COM | 74762E102 | 9,000,500 | 0.02 | 12500.0 |
| ORCL | ORACLE CORP | 6.5 DEP CUM SR D | 68389X204 | 8,990,000 | 0.02 | 1.7003E8 |
| - | GENERAL MTRS CO | COM | 37045V100 | 8,879,616 | 0.02 | 115200.0 |
| SNPS | SYNOPSYS INC | COM | 871607107 | 8,876,793 | 0.02 | 19900.0 |
| URI | UNITED RENTALS INC | COM | 911363109 | 8,872,794 | 0.02 | 7832.0 |
| - | WELLS FARGO & CO | COM | 949746101 | 8,856,446 | 0.02 | 107169.0 |
| ADI | ANALOG DEVICES INC | COM | 032654105 | 8,817,174 | 0.02 | 22200.0 |
| - | SPDR SERIES TRUST | SP O&G EXPL PRO | 78468R556 | 8,792,820 | 0.02 | 57000.0 |
| MARA | MARA HOLDINGS INC | NOTE 6/0 | 565788AH9 | 8,751,150 | 0.02 | 9000000.0 |
| COHR | COHERENT CORP | COM | 19247G107 | 8,745,400 | 0.02 | 22170.0 |
| TMO | THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 8,723,664 | 0.02 | 17400.0 |
| MA | MASTERCARD INCORPORATED | CL A | 57636Q104 | 8,679,840 | 0.02 | 16900.0 |
| TMUS | T-MOBILE US INC | COM | 872590104 | 8,638,095 | 0.02 | 51500.0 |
| NRG | NRG ENERGY INC | COM NEW | 629377508 | 8,632,146 | 0.02 | 59100.0 |
| MRK | MERCK & CO INC | COM | 58933Y105 | 8,583,800 | 0.02 | 66800.0 |
| VZ | VERIZON COMMUNICATIONS INC | COM | 92343V104 | 8,578,084 | 0.02 | 202600.0 |
| CYTK | CYTOKINETICS INC | NOTE 3.500% 7/0 | 23282WAC4 | 8,511,875 | 0.02 | 5000000.0 |
| - | APOLLO GLOBAL MGMT INC | COM | 03769M106 | 8,400,010 | 0.02 | 71000.0 |
| FPS | FORGENT POWER SOLUTIONS INC | COM SHS CL A | 34631F102 | 8,379,000 | 0.02 | 150000.0 |
| NEE | NEXTERA ENERGY INC | COM | 65339F101 | 8,373,258 | 0.02 | 95400.0 |
| - | INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 | 8,368,200 | 0.02 | 90000.0 |
| - | ISHARES TR | EXPANDED TECH | 464287515 | 8,344,260 | 0.02 | 92100.0 |
| FSLR | FIRST SOLAR INC | COM | 336433107 | 8,258,600 | 0.02 | 35000.0 |
| GS | GOLDMAN SACHS GROUP INC | COM | 38141G104 | 8,192,097 | 0.02 | 8100.0 |
| - | BANK OF NY MELLON CORP | COM | 064058100 | 8,184,926 | 0.02 | 56600.0 |
| - | MARATHON PETE CORP | COM | 56585A102 | 8,130,306 | 0.02 | 31800.0 |
| CVX | CHEVRON CORPORATION | COM | 166764100 | 8,129,036 | 0.02 | 49041.0 |
| COP | CONOCOPHILLIPS | COM | 20825C104 | 8,119,276 | 0.02 | 78100.0 |
| - | AUTOMATIC DATA PROCESSING IN | COM | 053015103 | 8,106,990 | 0.02 | 36200.0 |
| CL | COLGATE PALMOLIVE CO | COM | 194162103 | 8,104,512 | 0.01 | 88400.0 |
| - | CELSIUS HLDGS INC | COM NEW | 15118V207 | 8,094,573 | 0.01 | 276454.0 |
| - | NEUBERGER NEXT GENERATION | COMMON STOCK | 64133Q108 | 8,082,784 | 0.01 | 488681.0 |
| XYZ | BLOCK INC | CL A | 852234103 | 8,078,800 | 0.01 | 106300.0 |
| - | RIVIAN AUTOMOTIVE INC | NOTE 3.625%10/1 | 76954AAD5 | 8,007,934 | 0.01 | 7500000.0 |
| TT | TRANE TECHNOLOGIES PLC | SHS | G8994E103 | 8,005,908 | 0.01 | 16300.0 |
| SMCI | SUPER MICRO COMPUTER INC | NOTE 6/1 | 86800UAF1 | 8,000,415 | 0.01 | 9000000.0 |
| VST | VISTRA CORP | COM | 92840M102 | 7,988,290 | 0.01 | 50358.0 |
| DDOG | DATADOG INC | CL A COM | 23804L103 | 7,940,980 | 0.01 | 30500.0 |
| SYK | STRYKER CORPORATION | COM | 863667101 | 7,933,968 | 0.01 | 25200.0 |
| - | CRH PLC | ORD | G25508105 | 7,896,600 | 0.01 | 73800.0 |
| MDT | MEDTRONIC PLC | SHS | G5960L103 | 7,815,177 | 0.01 | 99900.0 |
| - | PRUDENTIAL FINL INC | COM | 744320102 | 7,716,995 | 0.01 | 71500.0 |
| - | GABELLI DIVID & INCOME TR | COM | 36242H104 | 7,709,915 | 0.01 | 262242.0 |
| - | US BANCORP | COM NEW | 902973304 | 7,676,840 | 0.01 | 127100.0 |
| CRCL | CIRCLE INTERNET GROUP INC | COM CL A | 172573107 | 7,672,175 | 0.01 | 122500.0 |
| SLB | SLB LIMITED | COM STK | 806857108 | 7,666,201 | 0.01 | 164900.0 |
| CEG | CONSTELLATION ENERGY CORP | COM | 21037T109 | 7,649,796 | 0.01 | 30800.0 |
| - | VERTEX PHARMACEUTICALS INC | COM | 92532F100 | 7,649,642 | 0.01 | 15400.0 |
| RIO | RIO TINTO PLC | SPONSORED ADR | 767204100 | 7,594,970 | 0.01 | 80006.0 |
| - | KINDER MORGAN INC DEL | COM | 49456B101 | 7,528,935 | 0.01 | 235500.0 |
| - | DEVON ENERGY CORP NEW | COM | 25179M103 | 7,499,580 | 0.01 | 181500.0 |
| ITRI | ITRON INC | NOTE 1.375% 7/1 | 465741AQ9 | 7,488,293 | 0.01 | 7500000.0 |
| HAL | HALLIBURTON CO | COM | 406216101 | 7,448,630 | 0.01 | 219400.0 |
| QXO | QXO INC | COM NEW | 82846H405 | 7,430,400 | 0.01 | 430000.0 |
| TRV | TRAVELERS COMPANIES INC | COM | 89417E109 | 7,427,700 | 0.01 | 22500.0 |
| - | PROGRESSIVE CORP | COM | 743315103 | 7,405,455 | 0.01 | 33900.0 |
| - | LIBERTY BROADBAND CORP | COM SER C | 530307305 | 7,402,612 | 0.01 | 222568.0 |
| NKE | NIKE INC | CL B | 654106103 | 7,383,787 | 0.01 | 179873.0 |
| - | MOODYS CORP | COM | 615369105 | 7,382,596 | 0.01 | 16300.0 |
| ADBE | ADOBE INC | COM | 00724F101 | 7,380,720 | 0.01 | 36000.0 |
| TT | TRANE TECHNOLOGIES PLC | SHS | G8994E103 | 7,364,453 | 0.01 | 14994.0 |
| MSTR | STRATEGY INC | NOTE 12/0 | 594972AS0 | 7,346,550 | 0.01 | 8500000.0 |
| - | VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 | 7,327,251 | 0.01 | 97114.0 |
| HWM | HOWMET AEROSPACE INC | COM | 443201108 | 7,312,992 | 0.01 | 27200.0 |
| - | SPDR SERIES TRUST | ST STR SP REGBNK | 78464A698 | 7,307,531 | 0.01 | 97629.0 |
| MDLZ | MONDELEZ INTL INC | CL A | 609207105 | 7,276,272 | 0.01 | 125800.0 |
| WEC | WEC ENERGY GROUP INC | NOTE 3.375% 6/0 | 92939UAT3 | 7,274,751 | 0.01 | 7000000.0 |
| GEV | GE VERNOVA INC | COM | 36828A101 | 7,166,646 | 0.01 | 6100.0 |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 7,163,550 | 0.01 | 15000.0 |
| NKE | NIKE INC | CL B | 654106103 | 7,163,225 | 0.01 | 174500.0 |
| - | L3HARRIS TECHNOLOGIES INC | COM | 502431109 | 7,129,044 | 0.01 | 24533.0 |
| - | SIMON PPTY GROUP INC NEW | COM | 828806109 | 7,067,340 | 0.01 | 31600.0 |
| CAVA | CAVA GROUP INC | COM | 148929102 | 7,023,960 | 0.01 | 89500.0 |
| J | JACOBS SOLUTIONS INC | COM | 46982L108 | 7,006,734 | 0.01 | 55609.0 |
| FRPT | FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 | 6,975,000 | 0.01 | 6000000.0 |
| KLAC | KLA CORP | COM NEW | 482480100 | 6,939,330 | 0.01 | 23000.0 |
| SAP | SAP SE | SPON ADR | 803054204 | 6,934,950 | 0.01 | 45000.0 |
| LLYVA | LIBERTY LIVE HOLDINGS INC | COM SHS SER C | 530909308 | 6,925,970 | 0.01 | 65562.0 |
| - | ISHARES INC | MSCI STH KOR ETF | 464286772 | 6,904,980 | 0.01 | 34200.0 |
| UBER | UBER TECHNOLOGIES INC | COM | 90353T100 | 6,847,984 | 0.01 | 94900.0 |
| DUK | DUKE ENERGY CORP NEW | COM NEW | 26441C204 | 6,847,978 | 0.01 | 54100.0 |
| - | ASA GOLD AND PRECIOUS MTLS L | SHS | G3156P103 | 6,720,133 | 0.01 | 129134.0 |
| O | REALTY INCOME CORP | COM | 756109104 | 6,660,700 | 0.01 | 107500.0 |
| - | LIBERTY BROADBAND CORP | COM SER A | 530307107 | 6,656,000 | 0.01 | 200000.0 |
| NOW | SERVICENOW INC | COM | 81762P102 | 6,631,904 | 0.01 | 66800.0 |
| ABT | ABBOTT LABORATORIES | COM | 002824100 | 6,624,020 | 0.01 | 73000.0 |
| FLY | FIREFLY AEROSPACE INC | COM | 31816X106 | 6,611,795 | 0.01 | 224891.0 |
| DAL | DELTA AIR LINES INC | COM NEW | 247361702 | 6,584,298 | 0.01 | 70300.0 |
| SMCI | SUPER MICRO COMPUTER INC | COM NEW | 86800U302 | 6,557,425 | 0.01 | 223574.0 |
| - | KRANESHARES TRUST | CSI CHI INTERNET | 500767306 | 6,545,725 | 0.01 | 267500.0 |
| FTNT | FORTINET INC | COM | 34959E109 | 6,452,040 | 0.01 | 42000.0 |
| - | SPDR SERIES TRUST | ST STR SP BIOT | 78464A870 | 6,403,270 | 0.01 | 40463.0 |
| - | DANAHER CORP DEL | COM | 235851102 | 6,285,840 | 0.01 | 33000.0 |
| - | APOLLO GLOBAL MGMT INC | COM | 03769M106 | 6,278,120 | 0.01 | 53065.0 |
| CW | CURTISS WRIGHT CORP | COM | 231561101 | 6,258,340 | 0.01 | 8259.0 |
| LION | LIONSGATE STUDIOS CORP | COM | 53626N102 | 6,231,170 | 0.01 | 407000.0 |
| CMG | CHIPOTLE MEXICAN GRILL INC | COM | 169656105 | 6,207,380 | 0.01 | 182570.0 |
| - | WELLS FARGO & CO | COM | 949746101 | 6,206,264 | 0.01 | 75100.0 |
| TLN | TALEN ENERGY CORP | COM | 87422Q109 | 6,148,160 | 0.01 | 16000.0 |
| DPC | DPC HOLDINGS PLC | ORDINARY SHARES | G2R11M108 | 6,132,500 | 0.01 | 125000.0 |
| DASH | DOORDASH INC | CL A | 25809K105 | 6,107,943 | 0.01 | 33100.0 |
| BSX | BOSTON SCIENTIFIC CORP | COM | 101137107 | 6,098,972 | 0.01 | 142900.0 |
| PCAR | PACCAR INC | COM | 693718108 | 6,078,072 | 0.01 | 50600.0 |
| ON | ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 | 6,037,500 | 0.01 | 5000000.0 |
| INTC | INTEL CORP | COM | 458140100 | 6,034,110 | 0.01 | 43215.0 |
| TECK | TECK RESOURCES LTD | CL B | 878742204 | 5,946,000 | 0.01 | 100000.0 |
| NEM | NEWMONT CORP | COM | 651639106 | 5,875,607 | 0.01 | 62908.0 |
| LIN | LINDE PLC | SHS | G54950103 | 5,864,022 | 0.01 | 11300.0 |
| BA | BOEING CO | COM | 097023105 | 5,801,612 | 0.01 | 26801.0 |
| - | DOLLAR GEN CORP | COM | 256677105 | 5,801,544 | 0.01 | 50400.0 |
| - | FORD MTR CO | COM | 345370860 | 5,779,620 | 0.01 | 415800.0 |
| FCX | FREEPORT MCMORAN INC | CL B | 35671D857 | 5,678,401 | 0.01 | 90291.0 |
| - | INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 5,646,416 | 0.01 | 20079.0 |
| GD | GENERAL DYNAMICS CORP | COM | 369550108 | 5,632,416 | 0.01 | 15900.0 |
| CVNA | CARVANA CO | CL A | 146869102 | 5,601,282 | 0.01 | 85100.0 |
| MET | METLIFE INC | COM | 59156R108 | 5,601,182 | 0.01 | 66200.0 |
| SITM | SITIME CORP | NOTE 6/1 | 82982TAA4 | 5,547,552 | 0.01 | 5000000.0 |
| HPE | HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 | 5,498,909 | 0.01 | 121900.0 |
| - | DISNEY WALT CO | COM | 254687106 | 5,490,485 | 0.01 | 57044.0 |
| - | PAYPAL HLDGS INC | COM | 70450Y103 | 5,459,291 | 0.01 | 126431.0 |
| - | ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | 5,452,893 | 0.01 | 14100.0 |
| - | ISHARES TR | MSCI EAFE ETF | 464287465 | 5,443,312 | 0.01 | 52400.0 |
| PRCH | PORCH GROUP INC | DEBT 9.000% 5/1 | 733245AD6 | 5,438,689 | 0.01 | 3750000.0 |
| MNST | MONSTER BEVERAGE CORP NEW | COM | 61174X109 | 5,421,168 | 0.01 | 56400.0 |
| GD | GENERAL DYNAMICS CORP | COM | 369550108 | 5,419,872 | 0.01 | 15300.0 |
| PEP | PEPSICO INC | COM | 713448108 | 5,394,065 | 0.01 | 39838.0 |
| AKAM | AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 | 5,338,236 | 0.01 | 4479000.0 |
| - | AMERICAN TOWER CORP | COM | 03027X100 | 5,332,382 | 0.01 | 32600.0 |
| - | CADENCE DESIGN SYSTEM INC | COM | 127387108 | 5,329,544 | 0.01 | 14200.0 |
| LMAT | LEMAITRE VASCULAR INC | NOTE 2.500% 2/0 | 525558AB8 | 5,315,625 | 0.01 | 5000000.0 |
| PSX | PHILLIPS 66 | COM | 718546104 | 5,291,265 | 0.01 | 31300.0 |
| CMCSA | COMCAST CORP NEW | CL A | 20030N101 | 5,243,806 | 0.01 | 213597.0 |
| WDC | WESTERN DIGITAL CORP | COM | 958102105 | 5,237,504 | 0.01 | 8200.0 |
| ROST | ROSS STORES INC | COM | 778296103 | 5,236,110 | 0.01 | 24600.0 |
| MCD | MCDONALDS CORP | COM | 580135101 | 5,195,088 | 0.01 | 19219.0 |
| VZ | VERIZON COMMUNICATIONS INC | COM | 92343V104 | 5,188,005 | 0.01 | 122532.0 |
| BSX | BOSTON SCIENTIFIC CORP | COM | 101137107 | 5,169,487 | 0.01 | 121122.0 |
| - | VALERO ENERGY CORP | COM | 91913Y100 | 5,156,712 | 0.01 | 19800.0 |
| BUD | ANHEUSER BUSCH INBEV SA NV | SPONSORED ADR | 03524A108 | 5,150,000 | 0.01 | 62500.0 |
| XPO | XPO INC | COM | 983793100 | 5,132,250 | 0.01 | 25000.0 |
| - | OCCIDENTAL PETE CORP | COM | 674599105 | 5,070,708 | 0.01 | 104400.0 |
| - | EOG RES INC | COM | 26875P101 | 5,033,524 | 0.01 | 38800.0 |
| PCRX | PACIRA BIOSCIENCES INC | NOTE 2.125% 5/1 | 695127AJ9 | 4,995,500 | 0.01 | 5000000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-17 | 54,040,010,271 | 1641 | 12.7822 | 0.609589 | 20.433908 |
| 2026-03-31 | 2026-05-15 | 57,413,662,700 | 1558 | 9.28032 | 0.450765 | 16.14117 |
| 2025-12-31 | 2026-02-17 | 51,086,110,079 | 1530 | 11.639097 | 0.552612 | 19.435739 |
| 2025-09-30 | 2025-11-14 | 53,723,208,087 | 1889 | 12.214899 | 0.585442 | 20.35621 |
| 2025-03-31 | 2025-05-15 | 37,827,406,125 | 1317 | 13.335171 | 0.639062 | 22.837823 |
| 2024-12-31 | 2025-02-14 | 41,411,810,063 | 1824 | 13.714895 | 0.675083 | 21.912763 |