Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (51 quarters reported)
$9.74B in Q2 2013 → $14.9B now. Hover for any quarter.
As reported for the quarter ended December 31, 2025. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Jpmorgan Chase & Co. | 3.0% | Trimmed 4.8% | 1,374,890 | $443M |
| Johnson & Johnson | 2.7% | Trimmed 0.2% | 1,951,088 | $404M |
| BA Bank America Corp | 2.2% | Trimmed 2.0% | 5,972,520 | $328M |
| WF Wells Fargo Co New | 2.1% | Trimmed 1.0% | 3,422,909 | $319M |
| Citigroup Inc | 2.1% | Trimmed 3.0% | 2,696,496 | $315M |
| AT&T Inc | 2.0% | Added 3.6% | 12,229,088 | $304M |
| Exxon Mobil Corp | 1.6% | Added 21% | 2,009,194 | $242M |
| Goldman Sachs Group Inc | 1.5% | Added 49% | 257,578 | $226M |
| Alphabet Inc | 1.5% | Trimmed 2.3% | 704,629 | $221M |
| Cvs Health Corp | 1.4% | Trimmed 13% | 2,723,074 | $216M |
| Kroger Co | 1.4% | Added 10% | 3,357,243 | $210M |
| CN Comcast Corp New | 1.4% | Trimmed 17% | 6,975,368 | $208M |
| Pepsico Inc | 1.3% | Added 42% | 1,391,861 | $200M |
| DW Disney Walt Co | 1.3% | Added 2.5% | 1,717,034 | $195M |
| Verizon Communications Inc | 1.2% | Added 4.1% | 4,309,428 | $176M |
| DG Dollar Gen Corp New | 1.1% | Trimmed 13% | 1,254,014 | $166M |
| Fedex Corp | 1.1% | Added 69% | 553,129 | $160M |
| Morgan Stanley | 1.0% | Trimmed 1.9% | 877,171 | $156M |
| Medtronic PLC | 1.0% | Added 4.2% | 1,584,743 | $152M |
| GP Global Pmts Inc | 1.0% | Added 14% | 1,888,747 | $146M |
| Amgen Inc | 0.9% | Added 16% | 427,722 | $140M |
| Qualcomm Inc | 0.9% | Trimmed 1.9% | 756,299 | $129M |
| DA Delta Air Lines Inc Del | 0.9% | Trimmed 5.8% | 1,838,051 | $128M |
| AH Aercap Holdings Nv | 0.8% | Trimmed 25% | 873,309 | $126M |
| M& M & T Bk Corp | 0.8% | Added 24% | 584,386 | $118M |
| GM General Mtrs Co | 0.8% | Trimmed 51% | 1,412,993 | $115M |
| Salesforce Inc | 0.7% | Added 14% | 415,202 | $110M |
| Lockheed Martin Corp | 0.7% | Trimmed 0.9% | 225,122 | $109M |
| IB International Business Machs | 0.7% | Trimmed 5.5% | 364,334 | $108M |
| WT Willis Towers Watson PLC Ltd | 0.7% | Added 13% | 328,291 | $108M |
| Gilead Sciences Inc | 0.7% | Added 23% | 861,496 | $106M |
| LC Lowes Cos Inc | 0.7% | Trimmed 1.9% | 417,673 | $101M |
| On Semiconductor Corp | 0.7% | Added 17% | 1,847,377 | $100M |
| Merck & Co Inc | 0.6% | Added 943% | 905,795 | $95.3M |
| ER Eog Res Inc | 0.6% | Added 3.5% | 892,095 | $93.7M |
| Kimberly-clark Corp | 0.6% | Added 122% | 922,106 | $93M |
| Adobe Inc | 0.6% | Added 21% | 262,757 | $92M |
| T-mobile Us Inc | 0.6% | Added 1.9% | 440,280 | $89.4M |
| Hca Healthcare Inc | 0.6% | Trimmed 2.1% | 191,451 | $89.4M |
| UP Union Pac Corp | 0.6% | Added 39% | 384,313 | $88.9M |
| HI Honeywell Intl Inc | 0.6% | Added 23% | 452,541 | $88.3M |
| The Cigna Group | 0.6% | Added 61% | 301,723 | $83M |
| Metlife Inc | 0.6% | Added 3.0% | 1,046,639 | $82.6M |
| Echostar Corp | 0.5% | Added 20% | 24,218,011 | $80.9M |
| Humana Inc | 0.5% | Added 32% | 313,859 | $80.4M |
| Abercrombie & Fitch Co | 0.5% | Trimmed 16% | 637,848 | $80.3M |
| CN Canadian Nat Res Ltd | 0.5% | Trimmed 0.8% | 2,285,276 | $77.4M |
| Sempra | 0.5% | Trimmed 0.2% | 869,717 | $76.8M |
| Ebay Inc. | 0.5% | Trimmed 1.2% | 866,383 | $75.5M |
| Chubb Limited | 0.5% | Trimmed 1.9% | 231,747 | $72.3M |
| Icon PLC | 0.5% | Added 5.9% | 399,813 | $71.7M |
| Newmont Corp | 0.5% | Trimmed 1.8% | 713,007 | $71.2M |
| Pfizer Inc | 0.5% | Added 78% | 2,857,645 | $71.2M |
| PA Procter And Gamble Co | 0.5% | Added 99% | 481,295 | $69M |
| Viatris Inc | 0.5% | Added 22% | 5,423,976 | $67.5M |
| Altria Group Inc | 0.5% | Trimmed 1.4% | 1,165,851 | $67.2M |
| Archer Daniels Midland Co | 0.4% | Trimmed 0.9% | 1,161,285 | $66.8M |
| Xcel Energy Inc | 0.4% | Trimmed 1.0% | 902,437 | $66.7M |
| PH Paypal Hldgs Inc | 0.4% | Added 0.6% | 1,118,334 | $65.3M |
| Conocophillips | 0.4% | Trimmed 0.4% | 693,506 | $64.9M |
Showing top 60 of 601 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended December 31, 2025 · filed February 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| GM General Mtrs Co | Trimmed | −1,481,772 | −$120M | 0.8% |
| Abbvie Inc | Exited | −496,675 | −$115M | — |
| CS Cisco Sys Inc | Trimmed | −1,390,709 | −$107M | 0.4% |
| Deere & Co | Exited | −216,680 | −$99.1M | — |
| Micron Technology Inc | Trimmed | −318,439 | −$90.9M | — |
| Merck & Co Inc | Added | +818,978 | +$86.2M | 0.6% |
| Goldman Sachs Group Inc | Added | +84,744 | +$74.5M | 1.5% |
| Fedex Corp | Added | +225,856 | +$65.2M | 1.1% |
| Pepsico Inc | Added | +414,393 | +$59.5M | 1.3% |
| Smurfit Westrock PLC | New | +1,404,000 | +$53.7M | 0.4% |
Showing the 10 largest of 655 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Caterpillar Inc | Exited | −624,360 | −$242M | — |
| Exxon Mobil Corp | New | +1,654,861 | +$187M | 1.3% |
| Nrg Energy Inc | Trimmed | −550,563 | −$89.2M | 0.4% |
| CN Chevron Corp New | Trimmed | −554,686 | −$86.1M | 0.3% |
| Lockheed Martin Corp | Trimmed | −157,311 | −$78.5M | 0.8% |
| 3m Co | Trimmed | −441,617 | −$68.5M | 0.4% |
| Alphabet Inc | Added | +266,902 | +$64.9M | 1.2% |
| Healthpeak Properties Inc | New | +3,384,904 | +$64.8M | 0.4% |
| AT&T Inc | Added | +2,135,858 | +$60.3M | 2.3% |
| Citigroup Inc | Trimmed | −582,489 | −$59.1M | 1.9% |
Showing the 10 largest of 653 changes.
quarter ended June 30, 2025 · filed August 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Unitedhealth Group Inc | Exited | −553,211 | −$290M | — |
| Abbvie Inc | Trimmed | −520,981 | −$96.7M | 0.7% |
| Amgen Inc | Added | +312,480 | +$87.2M | 0.7% |
| Deere & Co | Trimmed | −161,161 | −$81.9M | 0.9% |
| Salesforce Inc | New | +274,704 | +$74.9M | 0.5% |
| Nextera Energy Inc | Exited | −921,444 | −$65.3M | — |
| Qualcomm Inc | Added | +401,090 | +$63.9M | 0.8% |
| Adobe Inc | New | +162,384 | +$62.8M | 0.4% |
| Abercrombie & Fitch Co | New | +744,026 | +$61.6M | 0.4% |
| Fedex Corp | Trimmed | −246,827 | −$56.1M | 0.4% |
Showing the 10 largest of 636 changes.
quarter ended March 31, 2025 · filed May 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Unitedhealth Group Inc | Added | +357,419 | +$187M | 2.1% |
| American Express Co | Exited | −497,579 | −$148M | — |
| PM Philip Morris Intl Inc | Exited | −941,466 | −$113M | — |
| Jpmorgan Chase & Co. | Trimmed | −443,647 | −$109M | 2.4% |
| CN Chevron Corp New | Trimmed | −579,448 | −$96.9M | 1.1% |
| IB International Business Machs | Trimmed | −352,527 | −$87.7M | 0.9% |
| Rtx Corporation | Exited | −748,685 | −$86.6M | — |
| DW Disney Walt Co | Added | +829,260 | +$81.8M | 1.5% |
| Conocophillips | Trimmed | −777,470 | −$81.6M | 0.3% |
| Exelon Corp | Trimmed | −1,307,265 | −$60.2M | — |
Showing the 10 largest of 619 changes.
quarter ended December 31, 2024 · filed February 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| T-mobile Us Inc | Trimmed | −524,730 | −$116M | 0.6% |
| Qualcomm Inc | New | +659,913 | +$101M | 0.7% |
| Unitedhealth Group Inc | New | +195,792 | +$99M | 0.7% |
| Aflac Inc | Trimmed | −923,526 | −$95.5M | 0.3% |
| Csx Corp | Trimmed | −2,842,445 | −$91.7M | 0.3% |
| Elevance Health Inc | Exited | −166,762 | −$84.9M | — |
| Merck & Co Inc | Trimmed | −723,690 | −$72M | 0.1% |
| CI Chart Inds Inc | Trimmed | −347,096 | −$66.2M | — |
| Conocophillips | Trimmed | −649,829 | −$64.4M | 0.9% |
| CD Celanese Corp Del | Added | +892,391 | +$61.8M | 0.5% |
Showing the 10 largest of 730 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Amgen Inc | Trimmed | −281,990 | −$91.5M | 0.1% |
| Merck & Co Inc | Added | +721,229 | +$79.1M | 0.6% |
| AC Annaly Capital Management In | New | +3,375,252 | +$66.7M | 0.4% |
| SH Siriusxm Holdings Inc | New | +2,067,273 | +$55.6M | 0.4% |
| DG Dollar Gen Corp New | Added | +693,087 | +$55.3M | 0.4% |
| Southern Co | Trimmed | −550,674 | −$49.5M | 0.2% |
| Teradyne Inc | Exited | −326,229 | −$48.4M | — |
| DA Delta Air Lines Inc Del | Added | +761,545 | +$40.5M | 1.1% |
| Abbvie Inc | Added | +202,374 | +$39.6M | 1.5% |
| BA Bank America Corp | Added | +936,099 | +$39.2M | 1.9% |
Showing the 10 largest of 721 changes.
quarter ended June 30, 2024 · filed August 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Exxon Mobil Corp | Trimmed | −1,947,065 | −$224M | 0.1% |
| General Electric Co | Exited | −587,146 | −$103M | — |
| Qualcomm Inc | Exited | −570,470 | −$96.6M | — |
| Nrg Energy Inc | Trimmed | −835,867 | −$65.1M | 0.5% |
| On Semiconductor Corp | New | +879,458 | +$60.3M | 0.5% |
| T-mobile Us Inc | Added | +304,987 | +$53.7M | 1.4% |
| Xcel Energy Inc | New | +978,415 | +$52.3M | 0.4% |
| Caterpillar Inc | Added | +144,998 | +$48.3M | 1.0% |
| BH Berkshire Hathaway Inc Del | Trimmed | −118,268 | −$48.1M | 0.3% |
| Gilead Sciences Inc | Exited | −638,993 | −$46.8M | — |
Showing the 10 largest of 737 changes.
quarter ended March 31, 2024 · filed May 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Merck & Co Inc | Trimmed | −1,130,363 | −$149M | 0.1% |
| WF Wells Fargo Co New | Added | +1,588,848 | +$92.1M | 1.2% |
| Micron Technology Inc | Trimmed | −685,265 | −$80.8M | 0.4% |
| AI American Intl Group Inc | Trimmed | −944,100 | −$73.8M | 0.1% |
| AM Applied Matls Inc | Exited | −433,424 | −$70.2M | — |
| Gilead Sciences Inc | Trimmed | −921,710 | −$67.5M | 0.3% |
| Southern Co | New | +837,702 | +$60.1M | 0.4% |
| Nucor Corp | Trimmed | −275,097 | −$54.4M | 0.3% |
| Deere & Co | Added | +127,886 | +$52.5M | 0.8% |
| GM General Mtrs Co | Added | +1,116,668 | +$50.6M | 1.4% |
Showing the 10 largest of 703 changes.
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