D.A. DAVIDSON & CO.

13F filer, CIK 1080107, GREAT FALLS, MT

D.A. DAVIDSON & CO. reported $12,452,738,476 across 1,406 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-04-28. Its ten largest share positions make up 30.33% of the portfolio.

Filed 2025-04-28 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001080107-25-000004

Period: 2025-03-31
Reported value: $12.5B
Holdings: 1,406
Top 10 weight: 30.33%
New: 98
Sold out: 112

Largest buys vs the previous quarter

Security	Shares change	Approx. value
CGDVadded	+2,855,493	$102M
FTHIadded	+2,297,845	$50.2M
AGGadded	+204,848	$20.3M
IXUSadded	+274,011	$19.1M
JBNDnew	+268,853	$14.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
SCHDreduced	-1,659,248	-$46.4M
VUGreduced	-26,400	-$9.79M
NVSreduced	-65,251	-$7.27M
SOURCE CAPITAL COM SHS OF B…exited	-157,030	-$6.83M
FTCSreduced	-75,522	-$6.77M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001080107-25-000004, largest first. % of portfolio is the value over $12,452,205,338, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
NACNUVEEN CA DIVI ADV MUN	46,300	$520K	<0.01%	+9,844	Timeline
PEGPUBLIC SVC ENTERPRISE GROUP	6,295	$518K	<0.01%	-68	Timeline
OMFONEMAIN HLDGS INC	10,586	$517K	<0.01%	0	Timeline
JKHYHENRY JACK & ASSOC INC	2,827	$516K	<0.01%	-2,808	Timeline
EXASEXACT SCIENCES CORP	11,922	$516K	<0.01%	new	Timeline
CGSMCAPITAL GRP FIXED INCM ETF T	19,755	$514K	<0.01%	+565	Timeline
DWXSPDR INDEX SHS FDS	13,383	$513K	<0.01%	+1,585	Timeline
VTEBVANGUARD MUN BD FDS	10,341	$513K	<0.01%	-76	Timeline
GHYGISHARES INC	11,500	$512K	<0.01%	+2,279	Timeline
MATXMATSON INC	3,995	$512K	<0.01%	new	Timeline
CUBECUBESMART	11,970	$511K	<0.01%	-1,478	Timeline
HUMHUMANA INC	1,932	$511K	<0.01%	+649	Timeline
RGLDROYAL GOLD INC	3,112	$509K	<0.01%	new	Timeline
FDSFACTSET RESH SYS INC	1,118	$508K	<0.01%	0	Timeline
SESEA LTD	3,883	$507K	<0.01%	-445	Timeline
VWOBVANGUARD WHITEHALL FDS	7,877	$506K	<0.01%	-293	Timeline
IGSBISHARES TR	9,647	$505K	<0.01%	-999	Timeline
CAHCARDINAL HEALTH INC	3,665	$505K	<0.01%	-209	Timeline
SAMTADVISORS INNER CIRCLE FD III	17,224	$503K	<0.01%	new	Timeline
GOLFACUSHNET HLDGS CORP	7,233	$497K	<0.01%	0	Timeline
WSBCWESBANCO INC	15,998	$495K	<0.01%	new	Timeline
OTTROTTER TAIL CORP	6,161	$495K	<0.01%	-797	Timeline
DRIDARDEN RESTAURANTS INC	2,372	$493K	<0.01%	0	Timeline
BILSPDR SERIES TRUST	5,369	$493K	<0.01%	-51,974	Timeline
ADMAADMA BIOLOGICS INC	24,760	$491K	<0.01%	+13,000	Timeline
IBBISHARES TR	3,837	$491K	<0.01%	+59	Timeline
MSDLMORGAN STANLEY DIRECT LENDIN	24,474	$489K	<0.01%	new	Timeline
IGLDFIRST TR EXCHANGE-TRADED FD	23,277	$488K	<0.01%	+4,915	Timeline
IXNISHARES TR	6,433	$487K	<0.01%	-714	Timeline
TRNTRINITY INDS INC	17,355	$487K	<0.01%	0	Timeline
RSPTINVESCO EXCHANGE TRADED FD T	14,233	$487K	<0.01%	-1,480	Timeline
DOVDOVER CORP	2,767	$486K	<0.01%	+47	Timeline
CNQCANADIAN NAT RES LTD MED TER	15,759	$485K	<0.01%	+724	Timeline
PIIPOLARIS INC	11,841	$485K	<0.01%	new	Timeline
NRIMNORTHRIM BANCORP INC	6,600	$483K	<0.01%	0	Timeline
BENFRANKLIN TEMPLETON INC	25,074	$483K	<0.01%	-6,699	Timeline
RCLROYAL CARIBBEAN GROUP	2,348	$482K	<0.01%	-35	Timeline
HTOH2O AMERICA	8,781	$480K	<0.01%	new	Timeline
ITGARTNER INC	1,144	$480K	<0.01%	+7	Timeline
BMRNBIOMARIN PHARMACEUTICAL INC	6,788	$480K	<0.01%	-746	Timeline
EMHYISHARES INC	12,547	$480K	<0.01%	+2,720	Timeline
PDIPIMCO DYNAMIC INCOME FD	24,162	$478K	<0.01%	+3,261	Timeline
PBDCPUTNAM ETF TRUST	13,791	$478K	<0.01%	+1,438	Timeline
MRNAMODERNA INC	16,826	$477K	<0.01%	+99	Timeline
VGSHVANGUARD SCOTTSDALE FDS	8,121	$477K	<0.01%	+587	Timeline
LEMBISHARES INC	12,723	$477K	<0.01%	+2,559	Timeline
CEMBISHARES INC	10,547	$477K	<0.01%	new	Timeline
VCVINVESCO CALIF VALUE MUN INCO	44,892	$476K	<0.01%	+2,427	Timeline
RODMLATTICE STRATEGIES TR	15,285	$474K	<0.01%	-2,443	Timeline
MSIMOTOROLA SOLUTIONS INC	1,079	$473K	<0.01%	+28	Timeline
EPREPR PPTYS	8,938	$470K	<0.01%	+309	Timeline
NULVNUSHARES ETF TR	11,606	$470K	<0.01%	-151	Timeline
FABFIRST TR EXCHANGE-TRADED ALP	5,909	$470K	<0.01%	0	Timeline
DTDYNATRACE INC	9,956	$469K	<0.01%	-358	Timeline
ODFLOLD DOMINION FREIGHT LINE IN	2,836	$469K	<0.01%	-52	Timeline
WALWESTERN ALLIANCE BANCORP	6,056	$465K	<0.01%	+169	Timeline
SMCISUPER MICRO COMPUTER INC	13,561	$464K	<0.01%	-1,745	Timeline
REGNREGENERON PHARMACEUTICALS	732	$464K	<0.01%	-21	Timeline
INVESCO EXCH TRADED FD TR IIINVESCO EXCH TRADED FD TR II	8,204	$464K	<0.01%	-22
OSKOSHKOSH CORP	4,917	$463K	<0.01%	+902	Timeline
OCOWENS CORNING NEW	3,234	$462K	<0.01%	new	Timeline
TMTOYOTA MOTOR CORP	2,610	$461K	<0.01%	-119	Timeline
WTWWILLIS TOWERS WATSON PLC LTD	1,356	$458K	<0.01%	new	Timeline
VPUVANGUARD WORLD FD	2,682	$458K	<0.01%	-58	Timeline
FERGFERGUSON ENTERPRISES INC	2,858	$458K	<0.01%	-911	Timeline
PTYPIMCO CORPORATE & INCOME OPP	31,517	$456K	<0.01%	+6,313	Timeline
IMOIMPERIAL OIL LTD	6,298	$456K	<0.01%	-260	Timeline
KAIKADANT INC	1,352	$456K	<0.01%	0	Timeline
VFMVVANGUARD WELLINGTON FD	3,590	$455K	<0.01%	0	Timeline
IJSISHARES TR	4,636	$452K	<0.01%	-1,015	Timeline
ATIATI INC	8,687	$452K	<0.01%	-1,080	Timeline
MCHIISHARES TR	8,269	$450K	<0.01%	-61,334	Timeline
GWREGUIDEWIRE SOFTWARE INC	2,394	$449K	<0.01%	+615	Timeline
TECKTECK RESOURCES LTD	12,288	$448K	<0.01%	-4,379	Timeline
SHYGISHARES TR	10,527	$448K	<0.01%	+220	Timeline
VISTVISTA ENERGY S.A.B. DE C.V.	9,599	$447K	<0.01%	+1,577	Timeline
RBCRBC BEARINGS INC	1,387	$446K	<0.01%	0	Timeline
AGFIRST MAJESTIC SILVER CORP	66,536	$445K	<0.01%	new	Timeline
FROGJFROG LTD	13,905	$445K	<0.01%	-310	Timeline
GOODGLADSTONE COMMERCIAL CORP	29,605	$443K	<0.01%	-917	Timeline
MCYMERCURY GENL CORP NEW	7,905	$442K	<0.01%	-36,308	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	9,120	$442K	<0.01%	-109	Timeline
AFGAMERICAN FINANCIAL GROUP INC	3,354	$441K	<0.01%	new	Timeline
SGOLETFS GOLD TR	14,764	$440K	<0.01%	-5,106	Timeline
XJRISHARES TR	11,531	$434K	<0.01%	-793	Timeline
NVGNUVEEN AMT FREE MUN CR INC F	35,001	$433K	<0.01%	0	Timeline
FLQLFRANKLIN TEMPLETON ETF TR	7,677	$433K	<0.01%	-339	Timeline
FEPFIRST TR EXCH TRD ALPHDX FD	10,580	$432K	<0.01%	+120	Timeline
SRSPIRE INC	5,500	$430K	<0.01%	0	Timeline
GENGEN DIGITAL INC	15,983	$424K	<0.01%	+100	Timeline
ETBEATON VANCE TAX MNGED BUY WR	30,946	$422K	<0.01%	-1,491	Timeline
RQICOHEN & STEERS QUALITY INCOM	33,517	$421K	<0.01%	+80	Timeline
VRTVERTIV HOLDINGS CO	5,810	$419K	<0.01%	+1,026	Timeline
MAAMID-AMER APT CMNTYS INC	2,501	$419K	<0.01%	-6	Timeline
VGSRMANAGER DIRECTED PORTFOLIOS	41,252	$418K	<0.01%	+114	Timeline
BBNBLACKROCK TAX MUNICPAL BD TR	25,064	$418K	<0.01%	-2,000	Timeline
MTDMETTLER TOLEDO INTERNATIONAL	354	$418K	<0.01%	+55	Timeline
TRITHOMSON REUTERS CORP	2,412	$417K	<0.01%	-76	Timeline
VCLTVANGUARD SCOTTSDALE FDS	5,484	$416K	<0.01%	-24	Timeline
TRPTC ENERGY CORP	8,785	$415K	<0.01%	+2,406	Timeline
Sandstorm Gold LtdSandstorm Gold Ltd	54,885	$414K	<0.01%	new
PNWPINNACLE WEST CAP CORP	4,323	$412K	<0.01%	-90	Timeline
BSTBLACKROCK SCIENCE & TECHNOLO	12,436	$410K	<0.01%	+4,079	Timeline
GGGGRACO INC	4,907	$410K	<0.01%	+71	Timeline
SNEXSTONEX GROUP INC	5,343	$408K	<0.01%	+1,781	Timeline
AAAUGOLDMAN SACHS PHYSICAL GOLD	13,128	$405K	<0.01%	-20,882	Timeline
FFAFIRST TR ENHANCED EQUITY	20,956	$405K	<0.01%	+1,083	Timeline
BCIABRDN ETFS	18,788	$403K	<0.01%	0	Timeline
HWKNHAWKINS INC	3,800	$402K	<0.01%	-1,660	Timeline
NULGNUSHARES ETF TR	5,137	$402K	<0.01%	-549	Timeline
TFLOISHARES TR	7,903	$400K	<0.01%	0	Timeline
NMAINUVEEN MULTI ASSET INCOME FU	33,016	$397K	<0.01%	+3,009	Timeline
PFSPROVIDENT FINL SVCS INC	23,026	$395K	<0.01%	-4,803	Timeline
RITMRITHM CAPITAL CORP	34,489	$395K	<0.01%	-160	Timeline
MCMOELIS & CO	6,766	$395K	<0.01%	0	Timeline
STESTERIS PLC	1,737	$394K	<0.01%	-15	Timeline
CRSCARPENTER TECHNOLOGY CORP	2,167	$393K	<0.01%	new	Timeline
CSQCALAMOS STRATEGIC TOTAL RETU	24,220	$392K	<0.01%	+25	Timeline
BGBUNGE GLOBAL SA	5,119	$391K	<0.01%	-650	Timeline
SCHXSCHWAB STRATEGIC TR	17,631	$389K	<0.01%	+872	Timeline
PRMPERIMETER SOLUTIONS INC	38,610	$389K	<0.01%	-15,440	Timeline
HLHECLA MINING COMPANY	69,812	$388K	<0.01%	+55,488	Timeline
DINTDAVIS FUNDAMENTAL ETF TR	16,700	$386K	<0.01%	-750	Timeline
BTOHANCOCK JOHN FINL OPPTYS	11,289	$385K	<0.01%	+15	Timeline
NUSCNUSHARES ETF TR	10,039	$385K	<0.01%	-262	Timeline
ZSZSCALER INC	1,936	$384K	<0.01%	-427	Timeline
ARANTERO RESOURCES CORP	9,479	$383K	<0.01%	new	Timeline
SNYSANOFI SA	6,910	$383K	<0.01%	+8	Timeline
PDOPIMCO DYNAMIC INCOME OPRNTS	27,560	$383K	<0.01%	-7,808	Timeline
SDOGALPS ETF TR	6,582	$382K	<0.01%	-12,100	Timeline
CDECOEUR MNG INC	64,419	$381K	<0.01%	new	Timeline
DVYEISHARES INC	13,960	$381K	<0.01%	+2,819	Timeline
PNTGPENNANT GROUP INC	15,126	$380K	<0.01%	+375	Timeline
XBFZXBLACKROCK CA MUNI INC TR	34,199	$376K	<0.01%	new	Timeline
EGOELDORADO GOLD CORP NEW	22,230	$374K	<0.01%	new	Timeline
MSTRSTRATEGY INC	1,297	$374K	<0.01%	-1,455	Timeline
WDAYWORKDAY INC	1,601	$374K	<0.01%	+348	Timeline
FCFFIRST COMWLTH FINL CORP PA	23,815	$370K	<0.01%	+4,911	Timeline
VSGXVANGUARD WORLD FD	6,269	$370K	<0.01%	-887	Timeline
FJPFIRST TR EXCH TRD ALPHDX FD	6,712	$368K	<0.01%	+628	Timeline
CGIECAPITAL GROUP INTERNATIONAL	12,503	$367K	<0.01%	new	Timeline
TDGTRANSDIGM GROUP INC	265	$367K	<0.01%	-30	Timeline
PACIFIC PREMIER BANCORP INCPACIFIC PREMIER BANCORP INC	17,128	$365K	<0.01%	-1,844
FSBWFS BANCORP INC	9,594	$365K	<0.01%	new	Timeline
ENPHENPHASE ENERGY INC	5,859	$364K	<0.01%	new	Timeline
RLIRLI CORP	4,525	$363K	<0.01%	+2,849	Timeline
ALBALBEMARLE CORP	5,025	$362K	<0.01%	-386	Timeline
VICIVICI PPTYS INC	11,083	$362K	<0.01%	+89	Timeline
APHAMPHENOL CORP	5,511	$362K	<0.01%	-8,404	Timeline
SPYMSPDR SERIES TRUST	5,460	$359K	<0.01%	+366	Timeline
PAASPAN AMERN SILVER CORP	13,867	$358K	<0.01%	new	Timeline
LULULULULEMON ATHLETICA INC	1,257	$356K	<0.01%	-2,059	Timeline
KLICKULICKE & SOFFA INDS INC	10,775	$355K	<0.01%	-176	Timeline
IFFINTERNATIONAL FLAVORS&FRAGRA	4,559	$354K	<0.01%	-2,440	Timeline
FLMIFRANKLIN TEMPLETON ETF TR	14,354	$351K	<0.01%	+5,875	Timeline
NLRVANECK ETF TRUST	4,777	$350K	<0.01%	-461	Timeline
DRDDRDGOLD LIMITED	22,624	$350K	<0.01%	new	Timeline
FNYFIRST TR EXCHANGE-TRADED ALP	4,668	$350K	<0.01%	-274	Timeline
WABCWESTAMERICA BANCORPORATION	6,895	$349K	<0.01%	-1,403	Timeline
NADNUVEEN QUALITY MUNCP INCOME	30,091	$347K	<0.01%	0	Timeline
NKSHNATIONAL BANKSHARES INC VA	12,993	$346K	<0.01%	new	Timeline
EROERO COPPER CORP	28,477	$345K	<0.01%	new	Timeline
FNBF N B CORP	25,562	$344K	<0.01%	+292	Timeline
ECGEVERUS CONSTR GROUP	9,212	$342K	<0.01%	-9,667	Timeline
QTUMETF SER SOLUTIONS	4,515	$337K	<0.01%	-527	Timeline
ONON SEMICONDUCTOR CORP	8,237	$335K	<0.01%	+539	Timeline
LADLITHIA MTRS INC	1,139	$335K	<0.01%	-15	Timeline
NUNU HLDGS LTD	32,595	$334K	<0.01%	+1,535	Timeline
SCHFSCHWAB STRATEGIC TR	16,852	$333K	<0.01%	+3,922	Timeline
DFAEDIMENSIONAL ETF TRUST	12,865	$333K	<0.01%	-313	Timeline
WNCWABASH NATL CORP	30,132	$333K	<0.01%	new	Timeline
BUIBLACKROCK UTILS INFRASTRUCTU	14,684	$332K	<0.01%	-208	Timeline
FHBFIRST HAWAIIAN INC	13,585	$332K	<0.01%	0	Timeline
TSNTYSON FOODS INC	5,200	$332K	<0.01%	-1,274	Timeline
NZFNUVEEN MUN CR INCOME FD	27,128	$332K	<0.01%	0	Timeline
RYROYAL BK CDA	2,937	$331K	<0.01%	-149	Timeline
IXGISHARES TR	3,211	$331K	<0.01%	0	Timeline
IRINGERSOLL RAND INC	4,104	$328K	<0.01%	-40	Timeline
IYLDISHARES TR	16,301	$327K	<0.01%	-7,208	Timeline
FSLRFIRST SOLAR INC	2,586	$327K	<0.01%	-1,749	Timeline
IYHISHARES TR	5,345	$325K	<0.01%	-49	Timeline
EQTEQT CORP	6,074	$325K	<0.01%	-393	Timeline
IYGISHARES TR	4,119	$324K	<0.01%	0	Timeline
XMLVINVESCO EXCH TRADED FD TR II	5,237	$323K	<0.01%	+8	Timeline
IJTISHARES TR	2,595	$323K	<0.01%	-12,222	Timeline
NXSTNEXSTAR MEDIA GROUP INC	1,802	$323K	<0.01%	new	Timeline
ARMARM HOLDINGS PLC	2,996	$320K	<0.01%	-458	Timeline
KYNKAYNE ANDERSON ENERGY INFRST	24,748	$318K	<0.01%	0	Timeline
NWNNORTHWEST NAT HLDG CO	7,425	$317K	<0.01%	-798	Timeline
MLIMUELLER INDS INC	4,166	$317K	<0.01%	new	Timeline
YORWYORK WTR CO	9,110	$316K	<0.01%	+5	Timeline
RMTROYCE MICRO-CAP TR INC	37,112	$313K	<0.01%	+621	Timeline
CGCVCAPITAL GROUP CONSERVATIVE E	11,535	$313K	<0.01%	+1,225	Timeline
MBLYMOBILEYE GLOBAL INC	21,720	$313K	<0.01%	-6,880	Timeline
NUDMNUSHARES ETF TR	9,746	$310K	<0.01%	+143	Timeline
PEVERPURE INC	7,000	$310K	<0.01%	+500	Timeline
IYRISHARES TR	3,225	$309K	<0.01%	+81	Timeline
VALEVALE S A	30,945	$309K	<0.01%	+780	Timeline
IQDFFLEXSHARES TR	12,325	$307K	<0.01%	0	Timeline
UBSUBS GROUP AG	9,820	$301K	<0.01%	0	Timeline
MUNIPIMCO ETF TR	5,824	$300K	<0.01%	-63	Timeline
OPBKOP BANCORP	24,941	$300K	<0.01%	-3,046	Timeline
BDJBLACKROCK ENHANCED EQUITY DI	34,673	$298K	<0.01%	+2,829	Timeline
IGROISHARES TR	4,113	$298K	<0.01%	+714	Timeline
SKTTANGER INC	8,676	$293K	<0.01%	+25	Timeline
GSLCGOLDMAN SACHS ETF TR	2,661	$293K	<0.01%	-175	Timeline
SMRNUSCALE PWR CORP	20,610	$292K	<0.01%	0	Timeline
EGPEASTGROUP PPTYS INC	1,624	$286K	<0.01%	-50	Timeline
ELLAUDER ESTEE COS INC	4,321	$285K	<0.01%	-127	Timeline
XLBSELECT SECTOR SPDR TR	3,287	$283K	<0.01%	+590	Timeline
CWANCLEARWATER ANALYTICS HLDGS I	10,545	$283K	<0.01%	0	Timeline
EXREXTRA SPACE STORAGE INC	1,895	$281K	<0.01%	+127	Timeline
KWEBKRANESHARES TRUST	7,983	$279K	<0.01%	new	Timeline
CPTCAMDEN PPTY TR	2,270	$278K	<0.01%	-47	Timeline
STRLSTERLING INFRASTRUCTURE INC	2,424	$274K	<0.01%	+116	Timeline
HLNHALEON PLC	26,243	$270K	<0.01%	+113	Timeline
WOLFSPEED INCWOLFSPEED INC	87,730	$268K	<0.01%	-300
APAMARTISAN PARTNERS ASSET MGMT	6,860	$268K	<0.01%	0	Timeline
SIGISELECTIVE INS GROUP INC	2,930	$268K	<0.01%	0	Timeline
ICLRICON PUB LTD CO	1,521	$266K	<0.01%	-252	Timeline
FNVFRANCO NEV CORP	1,683	$265K	<0.01%	new	Timeline
ETHOAMPLIFY ETF TR	4,817	$265K	<0.01%	-16	Timeline
ERIIENERGY RECOVERY INC	16,638	$264K	<0.01%	0	Timeline
SUNSUNOCO LP/SUNOCO FIN CORP	4,531	$263K	<0.01%	0	Timeline
MTDRMATADOR RES CO	5,144	$263K	<0.01%	new	Timeline
AVAAVISTA CORP	6,262	$262K	<0.01%	-3,338	Timeline
EVRGEVERGY INC	3,802	$262K	<0.01%	+4	Timeline
LVSLAS VEGAS SANDS CORP	6,778	$262K	<0.01%	-388	Timeline
NEARISHARES U S ETF TR	5,130	$261K	<0.01%	-680	Timeline
SMMDISHARES TR	4,155	$260K	<0.01%	-341	Timeline
PFFAETFIS SER TR I	12,206	$259K	<0.01%	+206	Timeline
CLWCLEARWATER PAPER CORP	10,200	$259K	<0.01%	+1,500	Timeline
PSIXPOWER SOLUTIONS INTL INC	10,150	$257K	<0.01%	new	Timeline
ERICTELEFONAKTIEBOLAGET LM ERICS	33,000	$256K	<0.01%	-1,888	Timeline
DCIDONALDSON INC	3,809	$255K	<0.01%	new	Timeline
GIISPDR INDEX SHS FDS	4,100	$254K	<0.01%	-1,270	Timeline
SPDWSPDR INDEX SHS FDS	6,979	$254K	<0.01%	-2,293	Timeline
FTXNFIRST TR EXCHANGE TRADED FD	8,392	$254K	<0.01%	-19,482	Timeline
IBNICICI BK LTD	7,987	$252K	<0.01%	0	Timeline
WABWABTEC	1,387	$252K	<0.01%	-3	Timeline
SPABSPDR SERIES TRUST	9,847	$251K	<0.01%	-955	Timeline
ITRNITURAN LOCATION AND CONTROL	6,944	$251K	<0.01%	new	Timeline
ETRENTERGY CORP NEW	2,935	$251K	<0.01%	new	Timeline
GEMGOLDMAN SACHS ETF TR	7,530	$250K	<0.01%	-1,500	Timeline
BIBLNORTHERN LTS FD TR IV	6,504	$250K	<0.01%	+120	Timeline
XETYXEATON VANCE TAX-MANAGED DIVE	17,511	$250K	<0.01%	0	Timeline
MFCMANULIFE FINL CORP	7,978	$249K	<0.01%	+289	Timeline
GDXJVANECK ETF TRUST	4,340	$248K	<0.01%	-41,665	Timeline
HPQHP INC	8,952	$248K	<0.01%	-4,049	Timeline
INVXINNOVEX INTERNATIONAL INC	13,800	$248K	<0.01%	0	Timeline
AVLVAMERICAN CENTY ETF TR	3,800	$248K	<0.01%	+500	Timeline
CSRCENTERSPACE	3,798	$246K	<0.01%	+102	Timeline
ACVFETF OPPORTUNITIES TRUST	5,717	$245K	<0.01%	-100	Timeline
BANFBANCFIRST CORP	2,224	$244K	<0.01%	0	Timeline
BSSXINVESCO EXCH TRD SLF IDX FD	9,650	$244K	<0.01%	+200	Timeline
ACLSAXCELIS TECHNOLOGIES INC	4,912	$244K	<0.01%	+25	Timeline
PJTPJT PARTNERS INC	1,758	$242K	<0.01%	0	Timeline
STXSEAGATE TECHNOLOGY HLDNGS PL	2,840	$241K	<0.01%	-2,541	Timeline
NGGNATIONAL GRID PLC	3,652	$240K	<0.01%	new	Timeline
ELSEQUITY LIFESTYLE PROPERTIES	3,589	$239K	<0.01%	0	Timeline
SUISUN CMNTYS INC	1,855	$239K	<0.01%	new	Timeline
TEAMATLASSIAN CORPORATION	1,124	$239K	<0.01%	-187	Timeline
ROCKET LAB USA INCROCKET LAB USA INC	13,305	$238K	<0.01%	-172
ETVEATON VANCE TAX-MANAGED BUY-	17,991	$238K	<0.01%	-484	Timeline
CHRWC H ROBINSON WORLDWIDE IN	2,313	$237K	<0.01%	-4,368	Timeline
DINOHF SINCLAIR CORP	7,202	$237K	<0.01%	new	Timeline
SCHASCHWAB STRATEGIC TR	10,090	$236K	<0.01%	+544	Timeline
JFRNUVEEN FLOATING RATE INCOME	27,848	$236K	<0.01%	-2,215	Timeline
HRBBLOCK H & R INC	4,295	$236K	<0.01%	-6,371	Timeline
POWRISHARES INC	9,437	$235K	<0.01%	-3,019	Timeline
GTGOODYEAR TIRE & RUBR CO	25,357	$234K	<0.01%	-19,770	Timeline
STBAS & T BANCORP INC	6,312	$234K	<0.01%	0	Timeline
IBDNORTHERN LTS FD TR IV	9,842	$234K	<0.01%	+1,300	Timeline
IFRAISHARES TR	5,171	$233K	<0.01%	-902	Timeline
IIIVI3 VERTICALS INC	9,400	$232K	<0.01%	new	Timeline
OZKBANK OZK LITTLE ROCK ARK	5,330	$232K	<0.01%	new	Timeline
RGTROYCE GLOBAL TRUST INC	22,030	$231K	<0.01%	+300	Timeline
WDCWESTERN DIGITAL CORP	5,693	$230K	<0.01%	-392	Timeline
ESSESSEX PPTY TR INC	750	$230K	<0.01%	new	Timeline
NOVNOV INC	15,053	$229K	<0.01%	new	Timeline
MANHMANHATTAN ASSOCIATES INC	1,322	$229K	<0.01%	0	Timeline
IWYISHARES TR	1,080	$228K	<0.01%	0	Timeline
VZLAVIZSLA SILVER CORP	100,000	$227K	<0.01%	new	Timeline
XRNPXCOHEN & STEERS REIT & PFD &	10,254	$226K	<0.01%	0	Timeline
GWRSGLOBAL WTR RES INC	21,931	$226K	<0.01%	+6	Timeline
LAMRLAMAR ADVERTISING CO	1,982	$226K	<0.01%	-47	Timeline
AGNCAGNC INVT CORP	23,461	$225K	<0.01%	-56	Timeline
TRNOTERRENO RLTY CORP	3,554	$225K	<0.01%	-125	Timeline
BSMUINVESCO EXCH TRD SLF IDX FD	10,350	$223K	<0.01%	0	Timeline
JAAAJANUS DETROIT STR TR	4,388	$223K	<0.01%	-9,255	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	658	$222K	<0.01%	-18
NORDSTROM INCNORDSTROM INC	9,046	$221K	<0.01%	-5,136
UECURANIUM ENERGY CORP	46,270	$221K	<0.01%	+18,192	Timeline
CNICANADIAN NATL RY CO	2,255	$220K	<0.01%	-124	Timeline
TMSLT ROWE PRICE EXCHANGE-TRADED	7,207	$220K	<0.01%	new	Timeline
FIIGFIRST TR EXCHANGE-TRADED FD	10,575	$219K	<0.01%	new	Timeline
WDFCWD 40 CO	895	$218K	<0.01%	+50	Timeline
BRBROADRIDGE FINL SOLUTIONS IN	896	$217K	<0.01%	new	Timeline
GVIISHARES TR	2,042	$216K	<0.01%	-104	Timeline
FLOFLOWERS FOODS INC	11,319	$215K	<0.01%	0	Timeline
UALUNITED AIRLS HLDGS INC	3,100	$214K	<0.01%	-554	Timeline
MCNXAI MADISON EQUITY PREMIUM I	34,740	$213K	<0.01%	+2,019	Timeline
XMMOINVESCO EXCHANGE TRADED FD T	1,867	$212K	<0.01%	+100	Timeline
SPYGSPDR SERIES TRUST	2,632	$212K	<0.01%	+1	Timeline
DOCUDOCUSIGN INC	2,591	$211K	<0.01%	new	Timeline
AMHAMERICAN HOMES 4 RENT	5,575	$211K	<0.01%	-256	Timeline
GTYGETTY RLTY CORP NEW	6,760	$211K	<0.01%	new	Timeline
REVGREV GROUP INC	6,660	$210K	<0.01%	-250	Timeline
KIMKIMCO REALTY CORP	9,828	$209K	<0.01%	new	Timeline
CFGCITIZENS FINL GROUP INC	5,093	$209K	<0.01%	-4	Timeline
XBILRBB FD INC	4,153	$208K	<0.01%	-1,340	Timeline
BIIBBIOGEN INC	1,518	$208K	<0.01%	-99	Timeline
BSMTINVESCO EXCH TRD SLF IDX FD	9,095	$207K	<0.01%	0	Timeline
IFVFIRST TR EXCHANGE TRADED FD	10,300	$206K	<0.01%	-100	Timeline
TUTELUS CORPORATION	14,351	$206K	<0.01%	new	Timeline
PDBCINVESCO ACTVELY MNGD ETC FD	15,078	$206K	<0.01%	+998	Timeline
PSTLPOSTAL REALTY TRUST INC	14,389	$205K	<0.01%	0	Timeline
TRAKREPOSITRAK INC	10,000	$203K	<0.01%	0	Timeline
VTRSVIATRIS INC	23,131	$201K	<0.01%	+521	Timeline
AREALEXANDRIA REAL ESTATE EQ IN	2,174	$201K	<0.01%	-636	Timeline
FUTYFIDELITY COVINGTON TRUST	3,946	$201K	<0.01%	new	Timeline
SLABSILICON LABORATORIES INC	1,783	$201K	<0.01%	-37	Timeline
SNVSYNOVUS FINANCIAL CORP	4,294	$201K	<0.01%	-276	Timeline
XNCMXNUVEEN CALIF AMT FREE MUNI I	15,891	$200K	<0.01%	0	Timeline
BIZDVANECK ETF TRUST	11,920	$200K	<0.01%	new	Timeline
CIIBLACKROCK ENHANCED LARGE CAP	10,807	$200K	<0.01%	0	Timeline
AESAES CORP	15,864	$197K	<0.01%	+2,050	Timeline
374WATER INC374WATER INC	570,465	$194K	<0.01%	+101,285
NXPNUVEEN SELECT TAX-FREE INCOM	13,128	$189K	<0.01%	-14,990	Timeline
PFDFLAHERTY & CRUMRINE PFD INCO	16,600	$186K	<0.01%	-700	Timeline
FXNFIRST TR EXCHANGE-TRADED FD	11,257	$186K	<0.01%	-179,059	Timeline
NTLAINTELLIA THERAPEUTICS INC	26,020	$185K	<0.01%	+11,250	Timeline
UUUUENERGY FUELS INC	49,097	$183K	<0.01%	+26,825	Timeline
IMMRIMMERSION CORP	24,020	$182K	<0.01%	-132	Timeline
EVNEATON VANCE MUN INCOME TR	17,551	$180K	<0.01%	0	Timeline
BWBBRIDGEWATER BANCSHARES INC	12,900	$179K	<0.01%	0	Timeline
OXFORD LANE CAP CORPOXFORD LANE CAP CORP	36,142	$171K	<0.01%	+8,668
TSSITSS INC DEL	21,620	$170K	<0.01%	-50,021	Timeline
SOUNSOUNDHOUND AI INC	20,702	$168K	<0.01%	-14,112	Timeline
NCANUVEEN CALIFORNIA MUNI VLU F	19,256	$167K	<0.01%	0	Timeline
MAG SILVER CORPMAG SILVER CORP	10,900	$167K	<0.01%	new
PRPERMIAN RESOURCES CORP	12,010	$166K	<0.01%	-2,252	Timeline
NMZNUVEEN MUN HIGH INCOME OPPOR	15,149	$165K	<0.01%	0	Timeline
GOGROCERY OUTLET HLDG CORP	11,813	$165K	<0.01%	new	Timeline
COHUCOHU INC	11,151	$164K	<0.01%	-1,200	Timeline
SILJAMPLIFY ETF TR	13,526	$164K	<0.01%	new	Timeline
TRINTRINITY CAP INC	10,538	$160K	<0.01%	new	Timeline
WDIWESTERN ASSET DIVERSIFIED IN	11,000	$159K	<0.01%	new	Timeline
PFLPIMCO INCOME STRATEGY FD	18,051	$155K	<0.01%	+1,740	Timeline
CVECENOVUS ENERGY INC	11,067	$154K	<0.01%	-1,240	Timeline
RYLDGLOBAL X FDS	10,078	$152K	<0.01%	-4,154	Timeline
JPCNUVEEN PFD & INCOME OPPORTUN	18,824	$150K	<0.01%	-66	Timeline
NGLNGL ENERGY PARTNERS LP	32,422	$147K	<0.01%	-3,544	Timeline
XCHYXCALAMOS CONV & HIGH INCOME F	13,965	$141K	<0.01%	+600	Timeline
FPIFARMLAND PARTNERS INC	12,541	$140K	<0.01%	+856	Timeline
XNEAXNUVEEN AMT FREE QLTY MUN INC	12,130	$136K	<0.01%	-3,717	Timeline
PFNPIMCO INCOME STRATEGY FD II	17,728	$134K	<0.01%	0	Timeline
XBKNXBLACKROCK INVEST QLTY MUNI	11,360	$131K	<0.01%	0	Timeline
ENVXENOVIX CORPORATION	17,500	$128K	<0.01%	-2,500	Timeline
IIMINVESCO VALUE MUN INCOME TR	10,258	$123K	<0.01%	-2,000	Timeline
ATYRATYR PHARMA INC	40,200	$121K	<0.01%	+1,200	Timeline
NMRNOMURA HLDGS INC	18,000	$111K	<0.01%	0	Timeline
QSQUANTUMSCAPE CORP	25,752	$107K	<0.01%	-500	Timeline
CIOCITY OFFICE REIT INC	18,536	$96.2K	<0.01%	-16,801	Timeline
RIGTRANSOCEAN LTD	29,653	$94K	<0.01%	-13,418	Timeline
NEXNNEXXEN INTL LTD	11,026	$92.1K	<0.01%	new	Timeline
GUTGABELLI UTIL TR	16,935	$90.4K	<0.01%	+468	Timeline
AVXLANAVEX LIFE SCIENCES CORP	10,335	$88.7K	<0.01%	-1,050	Timeline
GGNGAMCO GLOBAL GOLD NAT RES &	19,408	$84.8K	<0.01%	-5,600	Timeline
COOKTRAEGER INC COM	48,900	$82.2K	<0.01%	0	Timeline
NAGENIAGEN BIOSCIENCE INC	11,750	$81.1K	<0.01%	new	Timeline
RIOTRIOT PLATFORMS INC	11,121	$79.2K	<0.01%	-2,259	Timeline
APLDAPPLIED DIGITAL CORP	13,550	$76.2K	<0.01%	new	Timeline
HIXWESTERN ASSET HIGH INCOM FD	17,787	$74.4K	<0.01%	-852	Timeline
HRTXHERON THERAPEUTICS INC	31,500	$69.3K	<0.01%	-5,500	Timeline
LACLITHIUM AMERS CORP NEW	24,050	$65.2K	<0.01%	-300	Timeline
EGYVAALCO ENERGY INC	16,822	$63.3K	<0.01%	+722	Timeline
DCDAKOTA GOLD CORP	22,574	$59.8K	<0.01%	0	Timeline
LYGLLOYDS BANKING GROUP PLC	15,438	$59K	<0.01%	0	Timeline
GNLXGENELUX CORPORATION	21,779	$58.8K	<0.01%	0	Timeline
NXHNEIGHBORHOOD INTELLIGENCE IN	10,050	$58.3K	<0.01%	-385	Timeline
LARLITHIUM ARGENTINA AG	26,550	$56.8K	<0.01%	new	Timeline
BMBLBUMBLE INC	12,112	$52.6K	<0.01%	0	Timeline
BTEBAYTEX ENERGY CORP	19,195	$42.8K	<0.01%	0	Timeline
XDHYXCREDIT SUISSE HIGH YIELD CRE	20,000	$42.4K	<0.01%	0	Timeline
PLUGPLUG PWR INC	19,746	$26.7K	<0.01%	0	Timeline
SURGSURGEPAYS INC	12,264	$25.4K	<0.01%	new	Timeline
SANASANA BIOTECHNOLOGY INC	14,700	$24.7K	<0.01%	0	Timeline
GALTGALECTIN THERAPEUTICS INC	10,000	$12.2K	<0.01%	-9,000	Timeline
WW INTL INCWW INTL INC	15,550	$8.13K	<0.01%	0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
TSLATESLA INC COM	call	40	$505K	new
WSMWILLIAMS SONOMA INC Stock	put	2	$8.47K	new
MSMORGAN STANLEY COM	put	4	$7.6K	new
BROSDUTCH BROS INC CL A	call	1	$3.66K	0
MDTMEDTRONIC PLC COM	put	8	$2.72K	new
NVONOVO-NORDISK A S ADR	call	1	$1.68K	0
PRMPERIMETER SOLUTIONS INC COMMON STOCK	call	4	$1.17K	new
DKSDICKS SPORTING GOODS INC Stock	put	1	$1.13K	new
RSPINVESCO EXCHANGE TRADED FD T COM	call	1	$800	new
NAGENIAGEN BIOSCIENCE INC COM NEW	call	2	$360	new
CCJCAMECO CORP Stock	call	1	$284	0
ONON SEMICONDUCTOR CORP Stock	call	1	$258	new
PLUGPLUG PWR INC COM NEW	call	3	$3	new

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value
ARBOR REALTY TRUST INCARBOR REALTY TRUST INC NOTE 7.500% 8/0	principal	52,000	$51.7K
TWO HARBORS INVENTMENT CORPOTWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1	principal	50,000	$49.5K
REDWOOD TRUST INCREDWOOD TRUST INC Convertible	principal	25,000	$24.6K

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

The largest 100 of 112. All 112

Security	Shares before	Value before	Type
SOURCE CAPITAL COM SHS OF B…SOURCE CAPITAL COM SHS OF BEN I	157,030	$6.83M	shares
NICENICE LTD	19,350	$3.29M	shares
WLYWILEY JOHN & SONS INC	61,858	$2.7M	shares
FXDFIRST TR EXCHANGE-TRADED FD	34,663	$2.24M	shares
IBKRINTERACTIVE BROKERS GROUP IN	10,902	$1.93M	shares
DECKDECKERS OUTDOOR CORP	9,227	$1.87M	shares
SHMSPDR SERIES TRUST	37,330	$1.77M	shares
AMBAAMBARELLA INC	22,980	$1.67M	shares
VGLTVANGUARD SCOTTSDALE FDS	28,439	$1.57M	shares
ALGNALIGN TECHNOLOGY INC	7,530	$1.57M	shares
VNOVORNADO RLTY TR	32,193	$1.35M	shares
IEOISHARES TR	12,816	$1.15M	shares
ORANYORANGE-SPON ADR	113,111	$1.11M	shares
SITMSITIME CORP	4,710	$1.01M	shares
IYKISHARES TR	13,458	$883K	shares
GPNGLOBAL PMTS INC	7,324	$821K	shares
QGROAMERICAN CENTY ETF TR	8,034	$801K	shares
FCVTFIRST TR EXCHANGE-TRADED FD	20,481	$753K	shares
SPTISPDR SERIES TRUST	25,738	$718K	shares
BNBROOKFIELD CORP	12,087	$694K	shares
PREMIER FINANCIAL CORPPREMIER FINANCIAL CORP	26,949	$689K	shares
INARI MED INCINARI MED INC	12,491	$638K	shares
FLEXFLEX LTD	15,729	$604K	shares
GTLBGITLAB INC	9,898	$558K	shares
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	56,523	$527K	shares
PKWINVESCO EXCHANGE TRADED FD T	4,504	$519K	shares
PIIMPINJ INC	3,210	$466K	shares
URTHISHARES INC	2,953	$459K	shares
ORIOLD REP INTL CORP	12,296	$445K	shares
JEFJEFFERIES FINANCIAL GROUP IN	5,593	$439K	shares
RNGRINGCENTRAL INC	12,263	$429K	shares
SKXSKECHERS U S A INC	6,326	$425K	shares
AMPHAMPHASTAR PHARMACEUTICALS IN	11,244	$417K	shares
QDPLPACER FDS TR	10,683	$410K	shares
XMHQINVESCO EXCHANGE TRADED FD T	4,031	$397K	shares
ALSNALLISON TRANSMISSION HLDGS I	3,577	$387K	shares
ARLPALLIANCE RESOURCE PARTNERS L	14,699	$386K	shares
FDGAMERICAN CENTY ETF TR	3,708	$385K	shares
BMRCBANK OF MARIN BANCORP	15,969	$380K	shares
PAYOPAYONEER GLOBAL INC	37,526	$377K	shares
CRDOCREDO TECHNOLOGY GROUP HOLDI	5,410	$364K	shares
PSKSPDR SERIES TRUST	10,190	$336K	shares
PAYPAYMENTUS HOLDINGS INC	10,050	$328K	shares
DMCDEL MONTE CORP	9,764	$324K	shares
CSHINEOS ETF TRUST	6,301	$314K	shares
AVMUAMERICAN CENTY ETF TR	6,724	$310K	shares
BHBBAR HBR BANKSHARES	10,013	$306K	shares
VKTXVIKING THERAPEUTICS INC	7,480	$301K	shares
UTIUNIVERSAL TECHNICAL INST INC	11,630	$299K	shares
SLQDISHARES TR	5,992	$298K	shares
WSTWEST PHARMACEUTICAL SVSC INC	899	$294K	shares
BMABANCO MACRO S A	2,938	$284K	shares
SFMSPROUTS FMRS MKT INC	2,174	$276K	shares
SKWDSKYWARD SPECIALTY INS GROUP	5,418	$274K	shares
VALQAMERICAN CENTY ETF TR	4,481	$273K	shares
ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC	1,065	$266K	shares
PTONPELOTON INTERACTIVE INC	700	$262K	call
CLMBCLIMB GLOBAL SOLUTIONS INC	1,989	$252K	shares
ONTOONTO INNOVATION INC	1,510	$252K	shares
LITGLOBAL X FDS	6,170	$252K	shares
DBCINVESCO DB COMMDY INDX TRCK	11,658	$249K	shares
GNTXGENTEX CORP	8,575	$246K	shares
STEPSTEPSTONE GROUP INC	4,250	$246K	shares
FORMFORMFACTOR INC	5,510	$242K	shares
SMTCSEMTECH CORP	3,838	$237K	shares
MNSTMONSTER BEVERAGE CORP NEW	4,471	$235K	shares
INCYINCYTE CORP	3,325	$230K	shares
INDYISHARES TR	4,417	$225K	shares
QRVOQORVO INC	3,205	$224K	shares
PKGPACKAGING CORP AMER	994	$224K	shares
CALMCAL MAINE FOODS INC	2,170	$223K	shares
VGKVANGUARD INTL EQUITY INDEX F	3,515	$223K	shares
DRIVGLOBAL X FDS	9,702	$223K	shares
MPWRMONOLITHIC PWR SYS INC	373	$221K	shares
ROBTFIRST TR EXCHANGE TRADED FD	4,896	$221K	shares
SPEMSPDR INDEX SHS FDS	5,744	$220K	shares
GCOWPACER FDS TR	6,507	$220K	shares
GTLSCHART INDS INC	1,147	$219K	shares
CFRCULLEN FROST BANKERS INC	1,626	$218K	shares
FYTFIRST TR EXCHANGE-TRADED ALP	3,924	$216K	shares
LCIILCI INDS	2,086	$216K	shares
NVMINOVA LTD	1,095	$216K	shares
TMFCRBB FD INC	3,550	$213K	shares
VPLVANGUARD INTL EQUITY INDEX F	2,967	$211K	shares
RDNTRADNET INC	3,000	$210K	shares
BLDRBUILDERS FIRSTSOURCE INC	1,457	$208K	shares
IYEISHARES TR	4,493	$205K	shares
RYNRAYONIER INC	7,812	$204K	shares
LDOSLEIDOS HOLDINGS INC	1,410	$203K	shares
BANRBANNER CORP	3,030	$202K	shares
FINSANGEL OAK FINL STRATEGIES IN	12,800	$163K	shares
Nexxen International LTDNexxen International LTD	12,026	$121K	shares
JOBYJOBY AVIATION INC	14,336	$117K	shares
SILVERCREST METALS INCSILVERCREST METALS INC	10,000	$91K	shares
STKLSUNOPTA INC	10,500	$80.8K	shares
LITHIUM AMERICAS ARGENTINA CLITHIUM AMERICAS ARGENTINA C	27,150	$71.1K	shares
MSFTMICROSOFT CORP	50	$60.2K	put
BRCCBRC INC	17,990	$57K	shares
NOKNOKIA CORP	10,355	$45.9K	shares
NATNORDIC AMERICAN TANKERS LIMI	10,000	$25K	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001080107-25-000004	base		2025-04-28	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC