SFMG, LLC

13F filer, CIK 1512026, PLANO, TX

SFMG, LLC reported $1,267,150,362 across 283 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-09. Its ten largest share positions make up 64.08% of the portfolio.

Filed 2025-05-09 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001512026-25-000004

Period: 2025-03-31
Reported value: $1.27B
Holdings: 283
Top 10 weight: 64.08%
New: 25
Sold out: 15

Largest buys vs the previous quarter

Security	Shares change	Approx. value
SGOVnew	+161,338	$16.2M
ZTSnew	+20,350	$3.35M
BRK-Badded	+5,749	$3.06M
WPCnew	+38,518	$2.43M
BRK-Aadded	+3	$2.4M

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
SHVexited	-69,745	-$7.68M
BILexited	-30,933	-$2.83M
KMIreduced	-74,153	-$2.12M
PLTRreduced	-23,049	-$1.95M
SPHQreduced	-25,301	-$1.68M

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 0001512026-25-000004, largest first. % of portfolio is the value over $1,267,150,362, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
ATOATMOS ENERGY CORP	1,058,542	$164M	12.91%	-664	Timeline
IVVISHARES TR	252,209	$142M	11.18%	+2,318	Timeline
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QUSSPDR SERIES TRUST	517,290	$81.1M	6.4%	+2,687	Timeline
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AMZNAMAZON COM INC	95,516	$18.2M	1.43%	-1,304	Timeline
SGOVISHARES TR	161,338	$16.2M	1.28%	new	Timeline
NVDANVIDIA CORPORATION	139,397	$15.1M	1.19%	-6,064	Timeline
JEPIJ P MORGAN EXCHANGE TRADED F	243,764	$13.9M	1.1%	+16,986	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	20,674	$11.6M	0.91%	-1,227	Timeline
GOOGALPHABET INC	73,296	$11.5M	0.9%	-1,296	Timeline
TLTISHARES TR	120,064	$10.9M	0.86%	-1,873	Timeline
ARCCARES CAPITAL CORP	462,399	$10.2M	0.81%	+18,281	Timeline
WMTWALMART INC	113,277	$9.94M	0.78%	-1,423	Timeline
RTXRTX CORPORATION	73,068	$9.68M	0.76%	-473	Timeline
SCHQSCHWAB STRATEGIC TR	294,277	$9.64M	0.76%	+19,713	Timeline
VVISA INC	21,497	$7.53M	0.59%	-127	Timeline
AMATAPPLIED MATLS INC	51,873	$7.53M	0.59%	-570	Timeline
BXSLBLACKSTONE SECD LENDING FD	225,894	$7.31M	0.58%	+7,507	Timeline
SCHXSCHWAB STRATEGIC TR	314,216	$6.94M	0.55%	-49,095	Timeline
COPCONOCOPHILLIPS	65,750	$6.91M	0.54%	+825	Timeline
HONHONEYWELL INTL INC	29,450	$6.24M	0.49%	+1,655	Timeline
CRMSALESFORCE INC	22,969	$6.16M	0.49%	+4	Timeline
METAMETA PLATFORMS INC	10,606	$6.11M	0.48%	-255	Timeline
AMDADVANCED MICRO DEVICES INC	58,047	$5.96M	0.47%	+3,405	Timeline
CBRECBRE GROUP INC	45,072	$5.89M	0.47%	-1,047	Timeline
PANWPALO ALTO NETWORKS INC	33,632	$5.74M	0.45%	+71	Timeline
CSCOCISCO SYS INC	92,261	$5.69M	0.45%	+2,722	Timeline
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CSXCSX CORP	175,216	$5.16M	0.41%	-324	Timeline
MSDLMORGAN STANLEY DIRECT LENDIN	256,815	$5.13M	0.4%	+118,195	Timeline
QQQINVESCO QQQ TR	10,906	$5.11M	0.4%	+127	Timeline
BLKBLACKROCK INC	5,192	$4.91M	0.39%	+205	Timeline
IGVISHARES TR	54,141	$4.82M	0.38%	-3,900	Timeline
MDTMEDTRONIC PLC	48,537	$4.36M	0.34%	+1,792	Timeline
VZVERIZON COMMUNICATIONS INC	95,919	$4.35M	0.34%	-609	Timeline
SLBSLB LIMITED	100,960	$4.22M	0.33%	+9,314	Timeline
GLDSPDR GOLD TR	13,431	$3.87M	0.31%	-315	Timeline
QTECFIRST TR EXCHANGE-TRADED FD	21,959	$3.81M	0.3%	-479	Timeline
JPMJPMORGAN CHASE & CO	15,249	$3.74M	0.3%	+78	Timeline
VRTXVERTEX PHARMACEUTICALS INC	7,538	$3.65M	0.29%	-111	Timeline
ZTSZOETIS INC	20,350	$3.35M	0.26%	new	Timeline
TSLATESLA INC	12,870	$3.34M	0.26%	+1,607	Timeline
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LULULULULEMON ATHLETICA INC	11,398	$3.23M	0.25%	+410	Timeline
BRK-ABERKSHIRE HATHAWAY INC DEL	4	$3.19M	0.25%	+3	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	6,412	$3.19M	0.25%	+325	Timeline
COSTCOSTCO WHOLESALE CORPORATION	3,368	$3.19M	0.25%	-4	Timeline
VOOVANGUARD INDEX FDS	5,984	$3.08M	0.24%	+348	Timeline
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DOCHEALTHPEAK PROPERTIES INC	126,873	$2.57M	0.2%	+23,694	Timeline
CIBRFIRST TR EXCHANGE-TRADED FD	40,302	$2.54M	0.2%	-4,319	Timeline
XOMEXXON MOBIL CORP	21,000	$2.5M	0.2%	+62	Timeline
NFLXNETFLIX INC.	2,655	$2.48M	0.2%	+732	Timeline
LLYELI LILLY & CO	2,955	$2.44M	0.19%	+10	Timeline
WPCWP CAREY INC	38,518	$2.43M	0.19%	new	Timeline
XLVSELECT SECTOR SPDR TR	16,382	$2.39M	0.19%	-1,419	Timeline
SPTMSPDR SERIES TRUST	32,785	$2.23M	0.18%	-4,424	Timeline
JNJJOHNSON & JOHNSON	12,895	$2.14M	0.17%	-571	Timeline
DVNDEVON ENERGY CORP NEW	56,229	$2.1M	0.17%	-5,957	Timeline
VTIVANGUARD INDEX FDS	7,228	$1.99M	0.16%	-2,741	Timeline
HLTHILTON WORLDWIDE HLDGS INC	8,264	$1.88M	0.15%	-1,000	Timeline
PAPRINNOVATOR ETFS TRUST	50,575	$1.8M	0.14%	0	Timeline
MCKMCKESSON CORP	2,658	$1.79M	0.14%	+1	Timeline
IEIISHARES TR	15,019	$1.77M	0.14%	-6,695	Timeline
XDSQINNOVATOR ETFS TRUST	50,967	$1.77M	0.14%	-107	Timeline
LUVSOUTHWEST AIRLS CO	51,590	$1.73M	0.14%	+20,576	Timeline
FIWFIRST TR EXCHANGE-TRADED FD	16,152	$1.63M	0.13%	+28	Timeline
HGVHILTON GRAND VACATIONS INC	43,405	$1.62M	0.13%	0	Timeline
HDHOME DEPOT INC	4,405	$1.61M	0.13%	-90	Timeline
TXNTEXAS INSTRS INC	8,971	$1.61M	0.13%	-373	Timeline
CVXCHEVRON CORPORATION	9,545	$1.6M	0.13%	-239	Timeline
BMYBRISTOL-MYERS SQUIBB CO	26,048	$1.59M	0.13%	-1,588	Timeline
BXBLACKSTONE INC	10,981	$1.53M	0.12%	+80	Timeline
MCDMCDONALDS CORP	4,749	$1.48M	0.12%	-29	Timeline
GRNTGRANITE RIDGE RESOURCES INC	242,494	$1.47M	0.12%	+8,251	Timeline
PGPROCTER & GAMBLE CO	8,392	$1.43M	0.11%	+3	Timeline
SHWSHERWIN WILLIAMS CO	4,046	$1.41M	0.11%	new	Timeline
DRIDARDEN RESTAURANTS INC	6,709	$1.39M	0.11%	+36	Timeline
ABBVABBVIE INC	6,474	$1.36M	0.11%	-581	Timeline
JJACOBS SOLUTIONS INC	11,000	$1.33M	0.1%	+10	Timeline
PLTRPALANTIR TECHNOLOGIES INC	15,472	$1.31M	0.1%	-23,049	Timeline
KMBKIMBERLY-CLARK CORP	9,059	$1.29M	0.1%	+12	Timeline
LOWLOWES COS INC	5,458	$1.27M	0.1%	+71	Timeline
CITHE CIGNA GROUP	3,860	$1.27M	0.1%	+5	Timeline
IBMINTERNATIONAL BUSINESS MACHS	4,666	$1.16M	0.09%	+13	Timeline
ETNEATON CORP PLC	4,212	$1.14M	0.09%	-665	Timeline
DIVOAMPLIFY ETF TR	27,962	$1.14M	0.09%	0	Timeline
PAYXPAYCHEX INC	6,967	$1.07M	0.08%	-165	Timeline
PEPPEPSICO INC	7,146	$1.07M	0.08%	-2,923	Timeline
TJXTJX COS INC NEW	8,353	$1.02M	0.08%	-330	Timeline
WMBWILLIAMS COS INC	16,825	$1.01M	0.08%	+781	Timeline
APOAPOLLO GLOBAL MGMT INC	7,299	$999K	0.08%	+62	Timeline
MRSHMARSH & MCLENNAN COS INC	4,036	$985K	0.08%	+67	Timeline
ADPAUTOMATIC DATA PROCESSING IN	3,054	$933K	0.07%	+13	Timeline
STELSTELLAR BANCORP INC	33,211	$919K	0.07%	+2,500	Timeline
SouthState CorpSouthState Corp	9,842	$914K	0.07%	+2,142
SMCISUPER MICRO COMPUTER INC	26,655	$913K	0.07%	new	Timeline
PMPHILIP MORRIS INTL INC	5,733	$910K	0.07%	+470	Timeline
KOCOCA COLA CO	12,635	$905K	0.07%	+101	Timeline
ITOTISHARES TR	7,333	$895K	0.07%	+56	Timeline
ACWIISHARES TR	7,592	$884K	0.07%	0	Timeline
UNHUNITEDHEALTH GROUP INC	1,641	$859K	0.07%	-230	Timeline
SPHDINVESCO EXCH TRADED FD TR II	17,011	$854K	0.07%	0	Timeline
TTTRANE TECHNOLOGIES PLC	2,340	$788K	0.06%	-112	Timeline
KLACKLA CORP	1,143	$777K	0.06%	+5	Timeline
MRKMERCK & CO INC	8,502	$763K	0.06%	+165	Timeline
OKEONEOK INC NEW	7,463	$741K	0.06%	+394	Timeline
SMHVANECK ETF TRUST	3,422	$724K	0.06%	-98	Timeline
ETENERGY TRANSFER L P	38,838	$722K	0.06%	+1,612	Timeline
EPDENTERPRISE PRODS PARTNERS L	21,055	$719K	0.06%	+309	Timeline
AMGNAMGEN INC	2,271	$707K	0.06%	+9	Timeline
DEDEERE & CO	1,487	$698K	0.06%	+159	Timeline
ITAISHARES TR	4,514	$691K	0.05%	0	Timeline
DLRDIGITAL RLTY TR INC	4,801	$688K	0.05%	+32	Timeline
TAT&T INC	24,313	$688K	0.05%	+2,172	Timeline
ACNACCENTURE PLC IRELAND	2,182	$681K	0.05%	-12	Timeline
IAKISHARES TR	4,705	$648K	0.05%	0	Timeline
FNDBSCHWAB STRATEGIC TR	27,996	$644K	0.05%	0	Timeline
TRGPTARGA RES CORP	3,131	$628K	0.05%	0	Timeline
LNGCHENIERE ENERGY INC	2,704	$626K	0.05%	+137	Timeline
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SOSOUTHERN CO	6,728	$619K	0.05%	+575	Timeline
LMTLOCKHEED MARTIN CORP	1,373	$613K	0.05%	+10	Timeline
VUGVANGUARD INDEX FDS	1,653	$613K	0.05%	0	Timeline
HACKAMPLIFY ETF TR	8,381	$602K	0.05%	0	Timeline
ABTABBOTT LABORATORIES	4,414	$586K	0.05%	-172	Timeline
CATCATERPILLAR INC	1,736	$572K	0.05%	+275	Timeline
INVESCO EXCH TRADED FD TR IIINVESCO EXCH TRADED FD TR II	10,043	$568K	0.04%	0
UNPUNION PAC CORP	2,331	$551K	0.04%	+17	Timeline
USMVISHARES TR	5,838	$547K	0.04%	0	Timeline
XELXCEL ENERGY INC	7,675	$543K	0.04%	0	Timeline
MSIMOTOROLA SOLUTIONS INC	1,239	$542K	0.04%	+70	Timeline
IEFAISHARES TR	6,901	$522K	0.04%	+2,407	Timeline
WELLWELLTOWER INC	3,344	$512K	0.04%	+45	Timeline
MOALTRIA GROUP INC	8,530	$512K	0.04%	+41	Timeline
VIGVANGUARD SPECIALIZED FUNDS	2,636	$511K	0.04%	+513	Timeline
BABOEING CO	2,959	$505K	0.04%	+123	Timeline
STZCONSTELLATION BRANDS INC	2,750	$505K	0.04%	-598	Timeline
CMECME GROUP INC	1,887	$500K	0.04%	+57	Timeline
SCHWCHARLES SCHWAB CORP (THE)	6,295	$493K	0.04%	-684	Timeline
IWFISHARES TR	1,362	$492K	0.04%	-67	Timeline
MLMMARTIN MARIETTA MATLS INC	1,024	$490K	0.04%	0	Timeline
BLDRBUILDERS FIRSTSOURCE INC	3,887	$486K	0.04%	-299	Timeline
IWRISHARES TR	5,637	$479K	0.04%	0	Timeline
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PLBYPLAYBOY INC	411,000	$452K	0.04%	+44,000	Timeline
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BACBANK OF AMER CORP	10,718	$447K	0.04%	+217	Timeline
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GEGE AEROSPACE	2,088	$418K	0.03%	+48	Timeline
IVWISHARES TR	4,491	$417K	0.03%	0	Timeline
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CMICUMMINS INC	1,315	$412K	0.03%	+377	Timeline
MSCIMSCI INC	727	$411K	0.03%	-7	Timeline
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TPLTEXAS PACIFIC LAND CORPORATI	308	$408K	0.03%	-70	Timeline
CBCHUBB LIMITED	1,319	$398K	0.03%	+46	Timeline
VGTVANGUARD WORLD FD	712	$386K	0.03%	+2	Timeline
NEENEXTERA ENERGY INC	5,362	$380K	0.03%	new	Timeline
IPINTERNATIONAL PAPER CO	7,103	$379K	0.03%	+100	Timeline
VTEBVANGUARD MUN BD FDS	7,526	$373K	0.03%	new	Timeline
IUSBISHARES TR	7,995	$368K	0.03%	+1,016	Timeline
NOCNORTHROP GRUMMAN CORP	718	$368K	0.03%	+5	Timeline
VTWOVANGUARD SCOTTSDALE FDS	4,377	$353K	0.03%	+112	Timeline
LHLABCORP HOLDINGS INC	1,510	$351K	0.03%	-139	Timeline
VGSHVANGUARD SCOTTSDALE FDS	5,987	$351K	0.03%	0	Timeline
GBTCGRAYSCALE BITCOIN TRUST ETF	5,382	$351K	0.03%	-681	Timeline
ASMLASML HLDG NV	527	$349K	0.03%	+16	Timeline
STXSEAGATE TECHNOLOGY HLDNGS PL	4,026	$342K	0.03%	-668	Timeline
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DHRDANAHER CORP DEL	1,623	$333K	0.03%	-711	Timeline
AXPAMERICAN EXPRESS CO	1,236	$333K	0.03%	+14	Timeline
XLKSELECT SECTOR SPDR TR	1,610	$332K	0.03%	new	Timeline
VTVVANGUARD INDEX FDS	1,909	$330K	0.03%	-593	Timeline
EOGEOG RES INC	2,549	$327K	0.03%	+10	Timeline
HDVISHARES TR	2,664	$323K	0.03%	+16	Timeline
WESWESTERN MIDSTREAM PARTNERS L	7,858	$322K	0.03%	new	Timeline
VLOVALERO ENERGY CORP	2,431	$321K	0.03%	+200	Timeline
ITWILLINOIS TOOL WKS INC	1,286	$319K	0.03%	+110	Timeline
SCHGSCHWAB STRATEGIC TR	12,720	$319K	0.03%	new	Timeline
IOOISHARES TR	3,249	$313K	0.02%	-100	Timeline
SCHASCHWAB STRATEGIC TR	13,243	$310K	0.02%	+89	Timeline
AEPAMERICAN ELEC PWR CO INC	2,802	$306K	0.02%	+618	Timeline
ORIOLD REP INTL CORP	7,793	$306K	0.02%	0	Timeline
PFFISHARES TR	9,842	$302K	0.02%	+63	Timeline
FISVFISERV INC	1,365	$301K	0.02%	-10	Timeline
DDOMINION ENERGY INC	5,363	$301K	0.02%	+15	Timeline
SGOLETFS GOLD TR	10,000	$298K	0.02%	0	Timeline
MTDRMATADOR RES CO	5,794	$296K	0.02%	0	Timeline
QUALISHARES TR	1,710	$292K	0.02%	new	Timeline
FSKFS KKR CAP CORP	13,899	$291K	0.02%	0	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	1,667	$288K	0.02%	+10	Timeline
HCAHCA HEALTHCARE INC	828	$286K	0.02%	+4	Timeline
BFAMBRIGHT HORIZONS FAM SOL IN D	2,226	$283K	0.02%	0	Timeline
CMCSACOMCAST CORP NEW	7,636	$282K	0.02%	-13	Timeline
ENBENBRIDGE INC	6,353	$282K	0.02%	-95	Timeline
MPCMARATHON PETE CORP	1,918	$279K	0.02%	+130	Timeline
GISGENERAL MILLS INC	4,638	$277K	0.02%	+30	Timeline
HLIHOULIHAN LOKEY INC	1,711	$276K	0.02%	-1	Timeline
CTRACOTERRA ENERGY INC	9,474	$274K	0.02%	0	Timeline
PFEPFIZER INC	10,702	$271K	0.02%	-804	Timeline
MPLXMPLX LP	4,952	$265K	0.02%	0	Timeline
ISRAVANECK ETF TRUST	6,271	$265K	0.02%	0	Timeline
APDAIR PRODUCTS AND CHEMICALS I	897	$264K	0.02%	+32	Timeline
MGCVANGUARD WORLD FD	1,300	$262K	0.02%	0	Timeline
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TRVTRAVELERS COMPANIES INC	970	$257K	0.02%	-16	Timeline
SPGIS&P GLOBAL INC	504	$256K	0.02%	-41	Timeline
ORCLORACLE CORP	1,823	$255K	0.02%	-1,015	Timeline
ORLYOREILLY AUTOMOTIVE INC	176	$252K	0.02%	-28	Timeline
MUMICRON TECHNOLOGY INC	2,901	$252K	0.02%	new	Timeline
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CRWDCROWDSTRIKE HLDGS INC	706	$249K	0.02%	+34	Timeline
AMLPALPS ETF TR	4,725	$245K	0.02%	-8,012	Timeline
DKNGDRAFTKINGS INC NEW	7,387	$245K	0.02%	-5	Timeline
SFMSPROUTS FMRS MKT INC	1,606	$245K	0.02%	-514	Timeline
CRKCOMSTOCK RES INC	12,030	$245K	0.02%	-14,755	Timeline
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IJRISHARES TR	2,328	$243K	0.02%	+4	Timeline
DUKDUKE ENERGY CORP NEW	1,981	$242K	0.02%	+16	Timeline
ISTBISHARES TR	4,977	$241K	0.02%	+580	Timeline
BNDVANGUARD BD INDEX FDS	3,252	$239K	0.02%	-19,621	Timeline
OREALTY INCOME CORP	4,083	$237K	0.02%	new	Timeline
JKHYHENRY JACK & ASSOC INC	1,293	$236K	0.02%	-10	Timeline
JCIJOHNSON CONTROLS INTERNATION	2,913	$233K	0.02%	+125	Timeline
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WSTWEST PHARMACEUTICAL SVSC INC	1,037	$232K	0.02%	-4	Timeline
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC	1,748	$231K	0.02%	new
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EDCONSOLIDATED EDISON INC	2,020	$223K	0.02%	new	Timeline
SMMDISHARES TR	3,553	$222K	0.02%	+248	Timeline
EWTXEDGEWISE THERAPEUTICS INC	10,000	$220K	0.02%	0	Timeline
NOWSERVICENOW INC	270	$215K	0.02%	+5	Timeline
FTNTFORTINET INC	2,224	$214K	0.02%	new	Timeline
KOSKOSMOS ENERGY LTD	93,480	$213K	0.02%	0	Timeline
RSPINVESCO EXCHANGE TRADED FD T	1,225	$212K	0.02%	-1,229	Timeline
PYPLPAYPAL HLDGS INC	3,251	$212K	0.02%	+223	Timeline
GLWCORNING INC	4,540	$208K	0.02%	+25	Timeline
SYKSTRYKER CORPORATION	553	$206K	0.02%	new	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	1,232	$204K	0.02%	new	Timeline
AMTMAMENTUM HOLDINGS INC	10,984	$200K	0.02%	0	Timeline
DHTDHT HOLDINGS INC	19,015	$200K	0.02%	0	Timeline
HBANHUNTINGTON BANCSHARES INC	11,062	$166K	0.01%	+55	Timeline
NZFNUVEEN MUN CR INCOME FD	12,680	$155K	0.01%	0	Timeline
XMYDXBLACKROCK MUNIYIELD FUND	14,213	$150K	0.01%	0	Timeline
MYIBLACKROCK MUNIYIELD QUALITY	13,526	$149K	0.01%	0	Timeline
NADNUVEEN QUALITY MUNCP INCOME	12,709	$146K	0.01%	0	Timeline
XNEAXNUVEEN AMT FREE QLTY MUN INC	13,049	$146K	0.01%	0	Timeline
XMVFXBLACKROCK MUNIVEST FUND	20,753	$145K	0.01%	0	Timeline
BLACKROCK MUNIHOLDINGS QUAL…BLACKROCK MUNIHOLDINGS QUALITY	14,312	$143K	0.01%	0
MHDBLACKROCK MUNIHOLDINGS FD IN	12,093	$142K	0.01%	0	Timeline
ABRARBOR REALTY TRUST INC	11,009	$129K	0.01%	-6,500	Timeline
RIGTRANSOCEAN LTD	30,000	$95.1K	0.01%	0	Timeline
SLDBSOLID BIOSCIENCES INC	25,031	$92.6K	0.01%	new	Timeline
VLYVALLEY NATL BANCORP	10,156	$90.3K	0.01%	0	Timeline
CIFRCIPHER DIGITAL INC	38,000	$87.4K	0.01%	new	Timeline
SOUNSOUNDHOUND AI INC	10,000	$81.2K	0.01%	0	Timeline
ACTUACTUATE THERAPEUTICS INC	11,000	$74.5K	0.01%	new	Timeline
CRONCRONOS GROUP INC	17,622	$31.9K	<0.01%	0	Timeline
CORZWCORE SCIENTIFIC INC NEW	10,129	$30.7K	<0.01%	-227	Timeline
AMARIN CORP PLCAMARIN CORP PLC	50,000	$22.4K	<0.01%	new
TILRAY INCTILRAY INC	33,854	$22.3K	<0.01%	0
GRWGGROWGENERATION CORP	10,349	$11.2K	<0.01%	0	Timeline

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
STRIDE INCSTRIDE INC NOTE 1.125% 9/0	principal	35,000	$85.2K
PARSONS CORP DELPARSONS CORP DEL BOND	principal	28,000	$37.1K
VISHAY INTERTECHNOLOGY INCVISHAY INTERTECHNOLOGY INC NOTE 2.250% 6/1	principal	35,000	$34.4K
PACIRA BIOSCIENCES INCPACIRA BIOSCIENCES INC NOTE 0.750% 8/0	principal	24,000	$23.4K
CHEESECAKE FACTORY INCCHEESECAKE FACTORY INC NOTE 0.375% 6/1	principal	23,000	$22.4K

Sold out in Q1 2025

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

Security	Shares before	Value before	Type
SHVISHARES TR	69,745	$7.68M	shares
BILSPDR SERIES TRUST	30,933	$2.83M	shares
PAGPPLAINS GP HLDGS L P	75,489	$1.39M	shares
ROBOEXCHANGE TRADED CONCEPTS TRU	7,701	$433K	shares
BLOKAMPLIFY ETF TR	7,736	$334K	shares
WDCWESTERN DIGITAL CORP	4,081	$243K	shares
CMGCHIPOTLE MEXICAN GRILL INC	3,718	$224K	shares
ULTAULTA BEAUTY INC	508	$221K	shares
MSMORGAN STANLEY	1,711	$215K	shares
FANGDIAMONDBACK ENERGY INC	1,310	$215K	shares
JETSETF SER SOLUTIONS	8,463	$215K	shares
TMTOYOTA MOTOR CORP	1,056	$206K	shares
GWWWW GRAINGER INC	193	$203K	shares
BLACKROCK MUNICIPAL INCOME …BLACKROCK MUNICIPAL INCOME FUN	12,732	$154K	shares
INSIGHT ENTERPRISES INCINSIGHT ENTERPRISES INC	14,000	$31.2K	principal

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 0001512026-25-000004	base		2025-05-09	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC