MIZUHO SECURITIES USA LLC

NEW YORK, NY · CIK 1513006 · 13F filing filed 2025-05-12

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityMIZUHO SECURITIES USA LLC (US)
Part of 株式会社みずほフィナンシャルグループ (JP)

Other 13F filers in this group: Asset Management One Co., Ltd. last filed Q2 2026, MIZUHO SECURITIES USA LLC last filed Q2 2026, Mizuho Bank, Ltd. last filed Q2 2026, MIZUHO FINANCIAL GROUP INC last filed Q2 2026, Mizuho Americas LLC last filed Q2 2026, Mizuho Securities Co. Ltd. last filed Q2 2026

$4.6bn reported value -15.6% vs Q4 2024

663positions

30.9%in top 10

85 new 46 added 523 reduced 41 sold out vs Q4 2024

Options: 0 call positions (— notional), 1 put positions ($381.4k notional) – listed below, not included above.

Holdings, Q1 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	1,202,814	$267.2m5.76%	5.76%	Reduced -229.8k	-229,823 -16.0%
2	MICROSOFT CORP COM MSFT	MSFT	595,237	$223.4m4.82%	4.82%	Reduced -109.4k	-109,421 -15.5%
3	NVIDIA CORPORATION COM NVDA	NVDA	1,960,909	$212.5m4.59%	4.59%	Reduced -364.0k	-363,979 -15.7%
4	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	377,396	$211.0m4.55%	4.55%	Reduced -143.8k	-143,828 -27.6%
5	AMAZON COM INC COM AMZN	AMZN	755,217	$143.7m3.10%	3.10%	Reduced -131.7k	-131,743 -14.8%
6	META PLATFORMS INC CL A META	META	175,345	$101.1m2.18%	2.18%	Reduced -31.3k	-31,270 -15.1%
7	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	146,764	$78.2m1.69%	1.69%	Reduced -27.0k	-26,958 -15.5%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	467,047	$72.2m1.56%	1.56%	Reduced -86.7k	-86,737 -15.7%
9	BROADCOM INC COM AVGO	AVGO	375,316	$62.8m1.36%	1.36%	Reduced -67.3k	-67,349 -15.2%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	378,524	$59.1m1.28%	1.28%	Reduced -72.5k	-72,544 -16.1%
11	TESLA INC COM TSLA	TSLA	224,065	$58.1m1.25%	1.25%	Reduced -40.6k	-40,625 -15.3%
12	JPMORGAN CHASE & CO COM JPM	JPM	223,884	$54.9m1.18%	1.18%	Reduced -42.9k	-42,946 -16.1%
13	ELI LILLY & CO COM LLY	LLY	63,090	$52.1m1.12%	1.12%	Reduced -11.6k	-11,588 -15.5%
14	VISA INC COM CL A V	V	137,989	$48.4m1.04%	1.04%	Reduced -25.8k	-25,796 -15.8%
15	EXXON MOBIL CORP COM XOM	XOM	348,544	$41.5m0.89%	0.89%	Reduced -68.0k	-68,011 -16.3%
16	UNITEDHEALTH GROUP INC COM UNH	UNH	73,687	$38.6m0.83%	0.83%	Reduced -13.5k	-13,535 -15.5%
17	MASTERCARD INCORPORATED CL A MA	MA	65,209	$35.7m0.77%	0.77%	Reduced -12.5k	-12,479 -16.1%
18	ARES ACQUISITION CORP II SHS CLASS A KDK	KDK	3,133,249	$34.8m0.75%	0.75%	Added +2.8m	+2,809,299 867.2%
19	SPDR SER TR S&P RETAIL ETF XRT	XRT	500,000	$34.5m0.75%	0.75%	New
20	COSTCO WHSL CORP NEW COM COST	COST	35,543	$33.6m0.73%	0.73%	Reduced -6.5k	-6,450 -15.4%
21	PROCTER AND GAMBLE CO COM PG	PG	187,752	$32.0m0.69%	0.69%	Reduced -35.5k	-35,453 -15.9%
22	JOHNSON & JOHNSON COM JNJ	JNJ	192,777	$32.0m0.69%	0.69%	Reduced -35.4k	-35,411 -15.5%
23	NETFLIX INC COM NFLX	NFLX	34,250	$31.9m0.69%	0.69%	Reduced -6.3k	-6,263 -15.5%
24	WALMART INC COM WMT	WMT	347,345	$30.5m0.66%	0.66%	Reduced -64.1k	-64,051 -15.6%
25	ABBVIE INC COM ABBV	ABBV	141,352	$29.6m0.64%	0.64%	Reduced -26.1k	-26,133 -15.6%
26	HOME DEPOT INC COM HD	HD	79,538	$29.1m0.63%	0.63%	Reduced -14.6k	-14,604 -15.5%
27	EVERGY INC NOTE 4.500%12/1 EVRG 4.5 12.15.27	EVRG 4.5 12.15.27	20,000,000	$23.4m0.51%	0.51%	New
28	CHEVRON CORP NEW COM CVX	CVX	133,820	$22.4m0.48%	0.48%	Reduced -24.6k	-24,581 -15.5%
29	COCA COLA CO COM KO	KO	310,014	$22.2m0.48%	0.48%	Reduced -57.4k	-57,439 -15.6%
30	BANK AMERICA CORP COM BAC	BAC	530,178	$22.1m0.48%	0.48%	Reduced -102.5k	-102,499 -16.2%
31	CLOUDFLARE INC NOTE 8/1 NET 0 08.15.26	NET 0 08.15.26	21,324,000	$21.2m0.46%	0.46%	Added +8.8m	+8,824,000 70.6%
32	ABRDN FDS FOCUSED U S SMAL AFSC	AFSC	775,000	$20.8m0.45%	0.45%	New
33	SALESFORCE INC COM CRM	CRM	76,627	$20.6m0.44%	0.44%	Reduced -14.0k	-13,980 -15.4%
34	PHILIP MORRIS INTL INC COM PM	PM	124,497	$19.8m0.43%	0.43%	Reduced -22.9k	-22,866 -15.5%
35	CISCO SYS INC COM CSCO	CSCO	318,899	$19.7m0.42%	0.42%	Reduced -58.9k	-58,885 -15.6%
36	SOUTHERN CO NOTE 3.875%12/1 SO 3.875 12.15.25	SO 3.875 12.15.25	17,500,000	$19.5m0.42%	0.42%	Reduced -6.4m	-6,392,000 -26.8%
37	WELLS FARGO CO NEW COM WFC	WFC	263,342	$18.9m0.41%	0.41%	Reduced -52.2k	-52,218 -16.6%
38	ABBOTT LABS COM ABT	ABT	138,877	$18.4m0.40%	0.40%	Reduced -25.5k	-25,510 -15.5%
39	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	74,036	$18.4m0.40%	0.40%	Reduced -13.6k	-13,599 -15.5%
40	MERCK & CO INC COM MRK	MRK	202,547	$18.2m0.39%	0.39%	Reduced -37.2k	-37,205 -15.5%
41	ORACLE CORP COM ORCL	ORCL	129,892	$18.2m0.39%	0.39%	Reduced -22.4k	-22,436 -14.7%
42	MCDONALDS CORP COM MCD	MCD	57,380	$17.9m0.39%	0.39%	Reduced -10.5k	-10,539 -15.5%
43	LINDE PLC SHS LIN	LIN	38,126	$17.8m0.38%	0.38%	Reduced -7.0k	-7,003 -15.5%
44	GE AEROSPACE COM NEW GE	GE	85,938	$17.2m0.37%	0.37%	Reduced -16.6k	-16,639 -16.2%
45	DATADOG INC NOTE 0.125% 6/1 DDOG 0.125 06.15.25	DDOG 0.125 06.15.25	15,450,000	$17.1m0.37%	0.37%	Added +6.8m	+6,755,000 77.7%
46	PEPSICO INC COM PEP	PEP	109,816	$16.5m0.36%	0.36%	Reduced -20.2k	-20,217 -15.6%
47	AT&T INC COM T	T	574,756	$16.3m0.35%	0.35%	Reduced -105.3k	-105,299 -15.5%
48	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	50,082	$15.6m0.34%	0.34%	Reduced -9.1k	-9,140 -15.4%
49	VERIZON COMMUNICATIONS INC COM VZ	VZ	337,070	$15.3m0.33%	0.33%	Reduced -61.9k	-61,907 -15.5%
50	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	30,627	$15.2m0.33%	0.33%	Reduced -5.6k	-5,625 -15.5%
51	AGRICULTURE & NAT SOL ACQ CO SHS CL A SHS CL A		1,408,939	$14.9m0.32%	0.32%	Added +358.2k	+358,196 34.1%
52	CENTERPOINT ENERGY INC NOTE 4.250% 8/1 CNP 4.25 08.15.26	CNP 4.25 08.15.26	13,700,000	$14.8m0.32%	0.32%	Reduced -12.3m	-12,257,000 -47.2%
53	DISNEY WALT CO COM DIS	DIS	144,749	$14.3m0.31%	0.31%	Reduced -26.9k	-26,887 -15.7%
54	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	28,557	$14.1m0.31%	0.31%	Reduced -5.2k	-5,201 -15.4%
55	RTX CORPORATION COM RTX	RTX	106,663	$14.1m0.30%	0.30%	Reduced -19.5k	-19,487 -15.4%
56	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	164,128	$13.9m0.30%	0.30%	Reduced -30.1k	-30,148 -15.5%
57	INTUIT COM INTU	INTU	22,413	$13.8m0.30%	0.30%	Reduced -4.2k	-4,152 -15.6%
58	GOLDMAN SACHS GROUP INC COM GS	GS	24,985	$13.6m0.29%	0.29%	Reduced -4.8k	-4,767 -16.0%
59	QUALCOMM INC COM QCOM	QCOM	88,557	$13.6m0.29%	0.29%	Reduced -16.7k	-16,741 -15.9%
60	CARTESIAN GROWTH CORP II CLASS A ORD RENEF	RENEF	1,150,952	$13.6m0.29%	0.29%	Added +93.2k	+93,152 8.8%
61	AMGEN INC COM AMGN	AMGN	43,014	$13.4m0.29%	0.29%	Reduced -7.9k	-7,932 -15.6%
62	ADOBE INC COM ADBE	ADBE	34,855	$13.4m0.29%	0.29%	Reduced -6.9k	-6,866 -16.5%
63	ADVANCED MICRO DEVICES INC COM AMD	AMD	129,751	$13.3m0.29%	0.29%	Reduced -24.1k	-24,054 -15.6%
64	PROGRESSIVE CORP COM PGR	PGR	46,906	$13.3m0.29%	0.29%	Reduced -8.6k	-8,616 -15.5%
65	ON SEMICONDUCTOR CORP NOTE 5/0 ON 0 05.01.27	ON 0 05.01.27	12,714,000	$13.3m0.29%	0.29%	Reduced -2.2m	-2,239,000 -15.0%
66	SERVICENOW INC COM NOW	NOW	16,494	$13.1m0.28%	0.28%	Reduced -3.0k	-3,030 -15.5%
67	TEXAS INSTRS INC COM TXN	TXN	72,890	$13.1m0.28%	0.28%	Reduced -13.6k	-13,567 -15.7%
68	S&P GLOBAL INC COM SPGI	SPGI	25,222	$12.8m0.28%	0.28%	Reduced -4.9k	-4,870 -16.2%
69	CATERPILLAR INC COM CAT	CAT	38,268	$12.6m0.27%	0.27%	Reduced -7.5k	-7,491 -16.4%
70	BOOKING HOLDINGS INC COM BKNG	BKNG	2,650	$12.2m0.26%	0.26%	Reduced -487	-487 -15.5%
71	UBER TECHNOLOGIES INC COM UBER	UBER	167,267	$12.2m0.26%	0.26%	Reduced -32.3k	-32,306 -16.2%
72	AMERICAN EXPRESS CO COM AXP	AXP	44,439	$12.0m0.26%	0.26%	Reduced -8.3k	-8,306 -15.8%
73	SEAGATE HDD CAYMAN NOTE 3.500% 6/0 STX 3.5 06.01.28	STX 3.5 06.01.28	10,000,000	$12.0m0.26%	0.26%	Reduced -1.4m	-1,384,000 -12.2%
74	BOSTON SCIENTIFIC CORP COM BSX	BSX	118,009	$11.9m0.26%	0.26%	Reduced -21.7k	-21,676 -15.5%
75	NEXTERA ENERGY INC COM NEE	NEE	164,656	$11.7m0.25%	0.25%	Reduced -30.2k	-30,245 -15.5%
76	MORGAN STANLEY COM NEW MS	MS	99,078	$11.6m0.25%	0.25%	Reduced -18.5k	-18,493 -15.7%
77	PFIZER INC COM PFE	PFE	453,755	$11.5m0.25%	0.25%	Reduced -83.3k	-83,347 -15.5%
78	UNION PAC CORP COM UNP	UNP	48,385	$11.4m0.25%	0.25%	Reduced -9.1k	-9,074 -15.8%
79	GILEAD SCIENCES INC COM GILD	GILD	99,788	$11.2m0.24%	0.24%	Reduced -18.3k	-18,330 -15.5%
80	COMCAST CORP NEW CL A CMCSA	CMCSA	301,989	$11.1m0.24%	0.24%	Reduced -59.8k	-59,785 -16.5%
81	BLACKROCK INC COM BLK	BLK	11,657	$11.0m0.24%	0.24%	Reduced -2.1k	-2,141 -15.5%
82	HONEYWELL INTL INC COM COM		52,065	$11.0m0.24%	0.24%	Reduced -9.6k	-9,564 -15.5%
83	TJX COS INC NEW COM TJX	TJX	90,011	$11.0m0.24%	0.24%	Reduced -16.9k	-16,886 -15.8%
84	KEEN VISION ACQUISITION CORP SHS KVACF	KVACF	972,837	$10.9m0.23%	0.23%	Reduced -43.5k	-43,464 -4.3%
85	CONOCOPHILLIPS COM COP	COP	102,158	$10.7m0.23%	0.23%	Reduced -20.4k	-20,442 -16.7%
86	SCHWAB CHARLES CORP COM SCHW	SCHW	136,448	$10.7m0.23%	0.23%	Reduced -5.2k	-5,236 -3.7%
87	CITIGROUP INC COM NEW C	C	150,299	$10.7m0.23%	0.23%	Reduced -28.9k	-28,950 -16.1%
88	LOWES COS INC COM LOW	LOW	45,211	$10.5m0.23%	0.23%	Reduced -8.6k	-8,556 -15.9%
89	DANAHER CORPORATION COM DHR	DHR	51,245	$10.5m0.23%	0.23%	Reduced -9.7k	-9,680 -15.9%
90	NORTHERN OIL & GAS INC NOTE 3.625% 4/1 NOG 3.625 04.15.29	NOG 3.625 04.15.29	9,960,000	$10.4m0.23%	0.23%	Added +8.0m	+7,965,000 399.2%
91	AA MISSION ACQUISITION CORP ORD SHS CL A AAM	AAM	1,016,500	$10.4m0.22%	0.22%	Added +516.5k	+516,500 103.3%
92	BOEING CO COM BA	BA	60,058	$10.2m0.22%	0.22%	Reduced -10.8k	-10,795 -15.2%
93	T-MOBILE US INC COM TMUS	TMUS	38,396	$10.2m0.22%	0.22%	Reduced -7.8k	-7,799 -16.9%
94	STRYKER CORPORATION COM SYK	SYK	27,498	$10.2m0.22%	0.22%	Reduced -5.0k	-5,020 -15.4%
95	FISERV INC COM FISV	FISV	45,553	$10.1m0.22%	0.22%	Reduced -8.4k	-8,368 -15.5%
96	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	20,561	$10.0m0.22%	0.22%	Reduced -3.8k	-3,847 -15.8%
97	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	32,578	$10.0m0.21%	0.21%	Reduced -6.0k	-6,040 -15.6%
98	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	162,487	$9.9m0.21%	0.21%	Reduced -29.7k	-29,738 -15.5%
99	MARSH & MCLENNAN COS INC COM MRSH	MRSH	39,325	$9.6m0.21%	0.21%	Reduced -7.2k	-7,222 -15.5%
100	DEERE & CO COM DE	DE	20,281	$9.5m0.21%	0.21%	Reduced -3.8k	-3,835 -15.9%

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
AKAMAI TECHNOLOGIES INC AKAM 0.375 09.01.27	AKAM 0.375 09.01.27	10,200,000	$10.2m10.2m shares
PYROPHYTE ACQUISITION CORP PHYTF	PHYTF	835,289	$9.5m835.3k shares
AMERICAN WTR CAP CORP AWK 3.625 06.15.26	AWK 3.625 06.15.26	9,252,000	$9.1m9.3m shares
SK GROWTH OPPORTUNITIES CORP		719,169	$8.3m719.2k shares
RIGEL RESOURCE ACQ CORP		640,519	$7.3m640.5k shares
SHEPHERD AVE CAP ACQUISITION PGACU	PGACU	687,617	$6.9m687.6k shares
HORIZON SPACE ACQUISITION II		603,771	$6.0m603.8k shares
NCL CORP LTD NCLH 5.375 08.01.25	NCLH 5.375 08.01.25	4,000,000	$5.7m4.0m shares
BATTERY FUTURE ACQUISITION C		491,052	$5.4m491.1k shares
BUKIT JALIL GBL ACQUISITION		443,994	$4.9m444.0k shares
TARGET GLOBAL ACQUISI I CORP TGAAF	TGAAF	425,056	$4.8m425.1k shares
INTEGRATED WELLNESS ACQ CORP WELNF	WELNF	376,499	$4.5m376.5k shares
A SPAC III ACQUISITION CORP ASPCU	ASPCU	441,000	$4.4m441.0k shares
ZILLOW GROUP INC Z 2.75 05.15.25	Z 2.75 05.15.25	3,500,000	$4.0m3.5m shares
TLGY ACQUISITION CORPORATION		331,939	$3.9m331.9k shares
TECHNOLOGY & TELECOM ACQ COR		285,497	$3.5m285.5k shares
HENNESSY CAPITAL INVST CORP		294,059	$3.1m294.1k shares
FINNOVATE ACQUISITION CORP FNVT	FNVT	262,477	$3.0m262.5k shares
COHEN CIRCLE ACQUISITION COR CCIR	CCIR	253,229	$2.5m253.2k shares
STARWOOD PPTY TR INC STWD 6.75 07.15.27	STWD 6.75 07.15.27	1,500,000	$1.6m1.5m shares
NEXTERA ENERGY INC NEE 7.234 11.01.27	NEE 7.234 11.01.27	31,500	$1.4m31.5k shares
FIRST TR EXCHANGE-TRADED FD SCIO	SCIO	70,423	$1.4m70.4k shares
RANGE CAP ACQUISITION CORP RANGU	RANGU	126,451	$1.3m126.5k shares
TRANSLATIONAL DEV ACQUISITIO TDACU	TDACU	125,000	$1.2m125.0k shares
VOYAGER ACQUISITION CORP		102,155	$1.0m102.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ARBOR REALTY TRUST INC ABR · Put	ABR	Put	968	$381.4k968 shares	Unchanged