Executive Summary
Across 20 filings from NASDAQ-100 constituents and related entities, key themes include robust revenue growth in semiconductors (TI +19% YoY, Lam +24% YoY, Intuitive +23% YoY) contrasting with softness in homebuilding (Century -12.6% YoY) and healthcare (CHS -6.1% YoY), while Tesla showed +16% revenue amid AI advancements. Period-over-period trends reveal 6/10 earnings reporters with YoY revenue growth averaging +18%, but mixed margins (Tesla +478bp expansion vs. others flat/compressed) and strong free cash flow generation (Tesla +117%, TI FCF +154% TTM). Capital allocation remains shareholder-friendly with buybacks (Intuitive $1.12B, Century $40M, Mueller $75M, Pineapple expansion to $15M) and dividend hikes (Century +10%, TI +4% TTM), alongside 13F snapshots confirming institutional overweight in mega-caps like NVDA, AAPL, MSFT. Positive catalysts include Robotaxi launches (Tesla), Nasdaq uplisting (First Northern), and ETF splits, but risks from inventory builds (Tesla +23% days), guidance cuts (Century FY deliveries 9.5-10.5K), and reverse splits (Creative Media). Overall, semis outperform with upward guidance, signaling portfolio rotation opportunities into tech amid broader mixed sentiment.
Tracking the trend? Catch up on the prior Nasdaq 100 Stocks SEC Filings digest from April 15, 2026.
Investment Signals(12)
- Tesla↓(BULLISH)▲
Revenues +16% YoY to $22.4B, GAAP gross margin +478bp to 21.1%, FCF +117% to $1.44B, unsupervised Robotaxi launched in Dallas/Houston
- Texas Instruments (TI)(BULLISH)▲
Q1 revenue +19% YoY to $4.83B, EPS +31% to $1.68, FCF TTM +154% to $4.35B, Q2 guidance $5-5.4B revenue
- Mueller Industries↓(BULLISH)▲
Q1 net sales +19% YoY to $1.19B, net income +52% to $239M, EPS $2.16, $41.4M gain on business sale, $75M buybacks
- Intuitive Surgical↓(BULLISH)▲
Q1 revenue +23% YoY to $2.77B, net income +17.6% to $822M, $1.12B share repurchases signaling conviction
- Lam Research↓(BULLISH)▲
Q3 FY26 revenue record +24% YoY/+9% QoQ to $5.84B, gross margin +20bps to 49.8%, Q4 guidance $6.6B +/-$400M
- First Northern Community Bancorp↓(BULLISH)▲
Nasdaq Capital Market listing approved, trading starts April 24 under 'FNRN' from OTCQX
- First Community Corp↓(BULLISH)▲
Q1 net income +37.6% YoY to $5.5M, loans +18.2% QoQ to $1.55B (13.2% organic ann.), NIM +5bps to 3.37% for 8th straight quarter
- Pineapple Financial↓(BULLISH)▲
Share repurchase program expanded from $3M to $15M via 10b5-1/10b-18, signaling undervaluation
- Century Communities↓(BULLISH)▲
Quarterly dividend +10% to $0.32/share, $40M buybacks (617K shares), liquidity $886M despite revenue dip
- Cottonwood Communities↓(BULLISH)▲
Sold 169K Series 2025 Preferred shares for $1.67M proceeds (ongoing $150M placement), 11M shares outstanding
- Arcadia Investment (13F)▲
Top holdings Broadcom $41M, NVDA $31M, AAPL $26M, MSFT $21M, heavy tech concentration [BULLISH on mega-tech]
- Chemung Canal (13F)▲
Significant MSFT $14M, AAPL $12M, own stock ~$15M total, diversified tech/ETFs [BULLISH conviction]
Risk Flags(10)
- Tesla/Inventory↓[HIGH RISK]▼
Vehicle deliveries +6% YoY to 358K, inventory days +23% to 27, other models production -20% YoY
- Century Communities/Guidance↓[HIGH RISK]▼
Q1 revenues -12.6% YoY to $790M, deliveries -11.9% to 2K, FY26 guidance cut to 9.5-10.5K homes/$3.5-3.8B revenue
- Community Health Systems (CHS)/Earnings[HIGH RISK]▼
Q1 revenues -6.1% YoY to $2.97B, net loss $25M vs. +$25M YoY, op cash flow -$297M vs. +$120M
- Texas Instruments/Buybacks↓[MEDIUM RISK]▼
Stock repurchases -38% QoQ, Other segment revenue -16% YoY despite overall growth
- Intuitive Surgical/Cash↓[MEDIUM RISK]▼
Cash/equivalents -40.4% QoQ to $2.01B due to $1.12B buybacks + $528M M&A
- Creative Media & Community/Reverse Split↓[HIGH RISK]▼
1-for-10 reverse split effective April 17, 2026, cash for fractions, board-only approval
- abrdn Palladium ETF/Split Mechanics↓[MEDIUM RISK]▼
5-for-1 forward split (record May 14, effective May 18), price to 1/5 NAV, no value change but liquidity watch
- First Community/Asset Quality↓[MEDIUM RISK]▼
Non-performing assets + to 0.04% from 0.02%, past dues + to 0.17% from 0.07%
- Mueller Industries/Cash Flow↓[MEDIUM RISK]▼
Op cash -30% YoY to $80M amid working capital build, asset impairments $2.65M
- Community Health/Debt↓[MEDIUM RISK]▼
LT debt $10.13B (down from $10.38B), but patient receivables +$62M to $2.14B, assets -0.2%
Opportunities(10)
- Tesla/AI & Robotaxi↓(OPPORTUNITY)◆
Unsupervised Robotaxi launched April 2026 in TX cities, FSD approved Netherlands, ramping LFP/battery prod, Cybercab/Semi/Optimus prep
- Lam Research/Semi Cycle↓(OPPORTUNITY)◆
Q3 systems rev +23% YoY to $3.73B, China 34%/Korea 23% exposure, Q4 $6.6B guide, margin to 36.5%
- Texas Instruments/Guidance↓(OPPORTUNITY)◆
Q2 rev $5-5.4B (+4-12% QoQ implied), dividends TTM $5.05B +4% YoY, capex $4.1B TTM
- Mueller Industries/M&A Gain↓(OPPORTUNITY)◆
$41.4M gain on business sale boosted op income +51% YoY, strong balance sheet cash $1.38B
- Intuitive Surgical/Growth↓(OPPORTUNITY)◆
Product rev +23.6% YoY, services +19.5%, inventory +5.7% QoQ signaling demand
- First Northern/Uplist↓(OPPORTUNITY)◆
Nasdaq listing April 24 enhances liquidity/visibility from OTCQX, no shareholder action needed
- Pineapple/Repurchase↓(OPPORTUNITY)◆
$15M buyback auth (5x expansion) via safe harbors, potential floor under shares
- 13F Managers/Tech Overweight◆
Multiple funds (Arcadia, Muirfield, Chemung) top holdings NVDA/AAPL/MSFT, avg tech ~20-30% portfolio [OPPORTUNITY in mega-caps]
- Century/Liquidity↓(TURNAROUND OP)◆
$886M liquidity, $2.6B equity, adj gross margin +140bps seq to 19.7% despite macro pressures
- Cottonwood/Capital Raise↓(OPPORTUNITY)◆
$1.67M fresh proceeds from pref stock, toward $150M target, best-efforts Reg D
Sector Themes(6)
- Semiconductor Strength◆
3/3 reporters (TI +19% YoY rev, Lam +24% YoY/+9% QoQ, Intuitive +23% YoY) show avg +22% growth, margin stability/expansion, Q4 guides up; implies sustained AI/chip demand [BULLISH sector rotation]
- Homebuilding Weakness◆
Century revenues -12.6% YoY, deliveries -11.9%, FY guide cut amid market pressures; contrasts industrial peers [BEARISH, watch rates]
- Healthcare Mixed◆
CHS rev -6.1% YoY/net loss swing, but Intuitive +23% rev; asset sales ($1.1B proceeds CHS) vs. procedure growth [DIVERGENT, favor medtech]
- Capital Returns Acceleration(SHAREHOLDER FRIENDLY)◆
Buybacks across 6 cos (Intuitive $1.12B, Mueller $75M, TI dividends +4%, Century div +10%/buyback $40M, Pineapple 5x exp); avg TTM FCF strong
- Institutional Tech Bias(PORTFOLIO TAILWIND)◆
6/8 13Fs overweight NVDA (up to $4.8M Muirfield), AAPL/MSFT ($12-41M positions), ETFs; no changes noted but conviction in mega-caps
- Banking Resilience(REGIONAL BANK STABILITY)◆
First Community loans +13.2% organic ann., NIM +5bps x8 qtrs; First Northern uplist; contrasts non-performers up
Watch List(8)
Monitor Q2 deliveries vs. +6% Q1 YoY, inventory days 27, Cybercab/Optimus ramps; next earnings ~July 2026
FY guide cut to 9.5-10.5K homes, community count 316 up seq; watch Q2 update on market pressures
$6.6B +/-$400M rev, 36.5% margin; China 34% exposure, earnings ~July/Aug 2026
$5-5.4B rev/$1.77-2.05 EPS; track Analog/Embedded growth post +22%/+12% Q1
Record May 14, payable May 15, trade post-split May 18; watch liquidity/NAV post-adjust
Trading transition April 24 from OTCQX; monitor Nasdaq compliance ongoing
Effective April 17, watch trading volume/price stability post-1:10 consolidation
- Multiple 13Fs/Portfolio Changes👁
Q2 13F due ~Aug 2026 for NVDA/AAPL/MSFT shifts by Arcadia/Muirfield/Chemung
Filing Analyses(20)
22-04-2026
In Q1 2026, Tesla reported total revenues of $22,387 million, up 16% YoY from $19,335 million, with automotive revenues growing 16% to $16,234 million and services revenue surging 42% to $3,745 million, though energy generation and storage revenue fell 12% to $2,408 million. GAAP gross margin expanded 478 bp to 21.1% and operating income rose 136% to $941 million, supported by free cash flow of $1,444 million (+117% YoY), but vehicle deliveries increased only 6% to 358,023 amid other models production declining 20% YoY and inventory days of supply rising 23% to 27. The company advanced AI infrastructure, launched unsupervised Robotaxi rides in Dallas and Houston, and ramped battery production while preparing for Cybercab, Tesla Semi, and Optimus.
- ·Approval for FSD (Supervised) in Netherlands in April 2026
- ·Launched unsupervised Robotaxi rides in Dallas and Houston in April 2026
- ·Began ramping lithium, cathode and LFP production
- ·Cortex 1 AI compute capacity >100k H100e; Cortex 2 >130k H100e early ramp
- ·Optimus first-generation line designed for 1 million robots/year; second-gen for 10 million/year
- ·Added over 2,200 net new Supercharging stalls in Q1 2026
- ·Cumulative FSD miles driven with v12 and beyond reaching toward 10 billion
22-04-2026
First Northern Community Bancorp, holding company of First Northern Bank, announced on April 21, 2026, that its common stock has been approved by Nasdaq for listing on The Nasdaq Capital Market, with trading to transition from OTCQX effective April 24, 2026, under the existing ticker 'FNRN'. Shareholders do not need to take any action. The press release is attached as Exhibit 99.1.
- ·Trading on OTCQX continues through end of day April 23, 2026.
- ·Subject to continued satisfaction of Nasdaq listing requirements.
- ·Filing signed April 21, 2026; filed April 22, 2026.
22-04-2026
Retirement Guys Formula LLC disclosed $217,447,460 in total discretionary assets across 154 equity positions in its 13F-HR filing as of March 31, 2026, with all holdings held under sole voting power and no other rights indicated. The portfolio features a diversified mix of individual stocks and ETFs, including significant share positions in J.P. Morgan Exchange-Traded F Ultra Short ETF (239,599 shares) and Galectin Therapeutics Inc (187,062 shares). No changes from prior periods or performance metrics are reported in this snapshot filing.
- ·Filing submitted April 22, 2026, for period ending March 31, 2026
- ·SEC file number: 028-22566
- ·Business address: 1700 Woodlands Drive, Maumee, OH 43537
- ·All positions report 0 shared voting power, put/call options, or other management
22-04-2026
Arcadia Investment Management Corp/MI filed its 13F-HR on April 22, 2026, disclosing 367 equity holdings totaling $583,949,536 in market value as of March 31, 2026. Top positions include Broadcom Inc. at $40,853,830, NVIDIA Corporation at $30,843,687, Apple Inc. at $25,584,153, and Microsoft Corp at $20,539,161, reflecting heavy technology sector concentration. No period-over-period changes are detailed in this snapshot filing.
- ·Filer CIK: 0001016972
- ·Filing period end: March 31, 2026
- ·Business address: 161 East Michigan Avenue, Suite 500 South, Kalamazoo, MI 49007
22-04-2026
First Community Corporation reported Q1 2026 net income of $5.498 million, up 37.6% YoY and 13.8% linked quarter, with diluted EPS of $0.59 (up 15.7% YoY but down 4.8% QoQ); excluding merger expenses, net income rose 69.0% YoY to $6.754 million. Total loans grew 18.2% linked quarter to $1.549 billion (13.2% organic annualized) and deposits to $2.048 billion (16.0% organic annualized), with NIM expanding 5 bps to 3.37% for the eighth straight quarter. However, AUM declined 3.4% QoQ to $1.130 billion, non-performing assets rose to 0.04% from 0.02%, past due loans increased to 0.17% from 0.07%, and mortgage production dipped slightly YoY.
- ·Bank regulatory capital ratios at Mar 31, 2026: Leverage 9.06%, Tier I Risk Based 12.80%, Total Risk Based 13.95%, Common Equity Tier I 12.80%.
- ·Net charge-offs including overdrafts: $5 thousand Q1 2026.
- ·Commercial loan production: $91.2 million Q1 2026, up 64.9% linked quarter.
- ·Non-interest expense: $17.031 million including $1.581 million merger expenses.
- ·Acquisition of Signature Bank closed January 8, 2026; systems conversion completed March 2026.
22-04-2026
Texas Instruments reported Q1 2026 revenue of $4.83 billion, up 19% YoY to $4,825 million, with operating profit up 37% to $1,808 million, net income up 31% to $1,55 billion, and EPS up 31% to $1.68, led by 22% growth in Analog and 12% in Embedded Processing; however, Other segment revenue declined 16% YoY and stock repurchases dropped 38% in the quarter. Trailing 12-month cash flow from operations rose 27% to $7,824 million and free cash flow surged 154% to $4,351 million, while total cash returned to shareholders was slightly down 6% at $6,034 million. Q2 outlook projects revenue of $5.00-5.40 billion and EPS of $1.77-2.05.
- ·Capex TTM $4,103 million.
- ·Dividends paid TTM $5,052 million, up 4% YoY.
- ·Total assets $34,393 million as of March 31, 2026, up from $33,757 million YoY.
- ·Q1 cash flow from operations $1,520 million vs $849 million YoY.
22-04-2026
Century Communities reported Q1 2026 results with total revenues of $789.7 million, down 12.6% YoY from $903.2 million, driven by 2,013 home deliveries (-11.9% YoY from 2,284) and net new contracts of 2,379 (-11.6% YoY from 2,692), alongside net income of $24.4 million (down from $39.4 million). Positively, adjusted homebuilding gross margin improved 140 basis points sequentially to 19.7%, community count rose to 316 (up sequentially), the company repurchased 617,087 shares for $40.0 million, increased its quarterly dividend 10% to $0.32 per share, and maintained strong liquidity of $886.1 million with $2.6 billion in stockholders' equity. Full-year 2026 guidance was lowered to 9,500-10,500 home deliveries and $3.5-$3.8 billion in home sales revenues due to market pressures.
- ·Homebuilding gross margin of 17.8% in Q1 2026.
- ·Adjusted EBITDA of $55.4 million in Q1 2026.
- ·Financial services pre-tax income of $7.6 million in Q1 2026.
- ·Average sales price of home deliveries $364,700 in Q1 2026 (down 5.7% YoY).
- ·Century Complete segment deliveries down 10.9% YoY and net contracts down 17.5% YoY.
- ·Southeast segment selling communities down 26.2% YoY.
22-04-2026
Mueller Industries reported robust Q1 2026 results with net sales increasing 19% YoY to $1,193,005 thousand and operating income rising 51% to $312,228 thousand, driven by higher volumes and a $41.4 million gain on sale of business, leading to net income attributable to the company up 52% to $239,018 thousand and diluted EPS of $2.16. However, cash provided by operating activities declined 30% YoY to $79,741 thousand amid working capital increases, asset impairments of $2,653 thousand were recorded, and other comprehensive income shifted to a loss of $8,085 thousand. Balance sheet strengthened with cash equivalents at $1,382,345 thousand and total assets at $3,942,363 thousand as of March 28, 2026.
- ·Gain on sale of business: $41,407 thousand in Q1 2026
- ·Asset impairments: $2,653 thousand in Q1 2026
- ·Common stock repurchases: $74,981 thousand in Q1 2026
- ·Dividends per share increased to $0.35 from $0.25 YoY
- ·Accounts receivable increased $194,945 thousand QoQ to $670,511 thousand
- ·Inventories increased $34,988 thousand QoQ to $545,451 thousand
22-04-2026
Community Health Systems, Inc. reported net operating revenues of $2,965 million for Q1 2026, down 6.1% YoY from $3,159 million, driven by declines in supplies (-9.8%) and other areas, though offset by gains on business sales. Operating income remained nearly flat at $281 million versus $284 million YoY, but higher taxes led to a net loss of $25 million compared to net income of $25 million prior year, with net loss to stockholders widening to $58 million from $13 million. Cash and equivalents rose to $712 million from $260 million at year-end, boosted by $1,108 million in proceeds from hospital dispositions, though operating cash flow swung to a $297 million use from $120 million provided.
- ·Long-term debt decreased to $10,127M from $10,380M at Dec 31, 2025.
- ·Patient accounts receivable increased to $2,139M from $2,077M at Dec 31, 2025.
- ·Total assets slightly down to $13,180M from $13,204M at Dec 31, 2025.
- ·Stockholders’ deficit widened to $1,225M from $1,159M at Dec 31, 2025.
22-04-2026
abrdn Palladium ETF Trust announced a 5-for-1 forward share split for its abrdn Physical Palladium Shares ETF (PALL), applicable to shareholders of record as of market close on May 14, 2026, payable after close on May 15, 2026, and effective prior to market open on May 18, 2026. The split will reduce the price per share to one-fifth the pre-split NAV with a proportionate increase in shares outstanding, without changing the total value of shareholders' holdings or the ticker symbol/CUSIP. Aberdeen Investments simultaneously announced a 10-for-1 forward share split for the related abrdn Physical Platinum Shares ETF (PPLT).
- ·Record date for split: market close on May 14, 2026
- ·Payable date: after market close on May 15, 2026
- ·Effective trading on post-split prices: May 18, 2026
- ·Ticker symbol (PALL) and CUSIP number unchanged
- ·Hypothetical illustration: Pre-split 10 shares at $100 NAV = $1,000 total; post-5:1 split 50 shares at $20 NAV = $1,000 total
22-04-2026
Immunic, Inc. (IMUX) filed a 10-K/A amendment on April 22, 2026, to its original Form 10-K for the fiscal year ended December 31, 2025, which was filed on February 26, 2026. The amendment incorporates omitted Part III items, including Directors, Executive Officers and Corporate Governance, Executive Compensation, Security Ownership, Certain Relationships and Related Transactions, and Principal Accountant Fees and Services, pursuant to General Instruction G(3) to Form 10-K. The company reports a public float of $83,100,000 as of June 30, 2025, and 136,214,825 common stock shares outstanding as of April 16, 2026.
- ·Entity is a small business (true), non-accelerated filer, and not an emerging growth company.
- ·Entity File Number: 001-36201; Central Index Key: 0001280776; EIN: 56-2358443; Incorporated in DE.
- ·Address: 1200 Avenue of the Americas, Suite 200, New York, NY 10036; Phone: (332) 255-9818.
- ·Common Stock ($0.0001 par value) trades on NASDAQ under symbol IMUX.
22-04-2026
Intuitive Surgical reported Q1 2026 total revenue of $2,770.8 million, up 23.0% YoY from $2,253.4 million, driven by 23.6% growth in product revenue to $2,337.1 million and 19.5% in services to $433.7 million; net income attributable to the company rose 17.6% YoY to $821.5 million. However, cash and equivalents declined sharply 40.4% QoQ to $2,006.5 million from $3,368.0 million, primarily due to a $1,123.2 million common stock repurchase and $528.2 million acquisition spending, resulting in total assets decreasing 1.7% QoQ to $20,111.0 million.
- ·Inventory increased to $1,945.1M as of March 31, 2026 from $1,840.0M at December 31, 2025.
- ·Share-based compensation expense rose to $209.5M in Q1 2026 from $185.2M in Q1 2025.
- ·Gain on sale of business and assets of $7.9M recorded in Q1 2026.
- ·Deferred income tax expense of $339.3M in Q1 2026 vs $0.1M in Q1 2025.
22-04-2026
On April 22, 2026, Pineapple Financial Inc.'s Board of Directors approved an expansion of its share repurchase program, increasing the aggregate authorization from $3,000,000 to up to $15,000,000 of outstanding common shares. The company issued a press release and furnished a presentation providing key operating and financial metrics. Repurchases may occur via open market purchases under Rule 10b-18 and Rule 10b5-1, at the company's discretion, with no obligation to repurchase any specific number of shares.
- ·Repurchases may be conducted from time to time in open market purchases and pursuant to safe harbors provided by Rule 10b-18 and Rule 10b5-1.
- ·The stock repurchase program may be modified, suspended, or terminated at any time without prior notice.
22-04-2026
Creative Media & Community Trust Corporation amended its charter to implement a 1-for-10 reverse stock split of its common stock, consolidating every 10 shares ($0.001 par value) into one share ($0.010 par value), effective at 11:58 p.m. ET on April 17, 2026. No fractional shares will be issued, with cash payments in lieu based on the NASDAQ closing price on the effective date. The amendment was approved solely by the Board of Directors pursuant to Maryland law, with no change to authorized shares and no stockholder vote required.
- ·Articles signed on April 16, 2026
- ·8-K filing date: April 22, 2026
- ·No increase in authorized shares of stock
22-04-2026
Chemung Canal Trust Co filed its 13F-HR on April 22, 2026, disclosing U.S. equity holdings as of March 31, 2026, managed under sole and other discretionary authority. Notable positions include iShares mutual fund (CUSIP 464287200) valued at 33706946 USD (51602 shares sole), Microsoft common stock valued at 14407398 USD (38921 shares sole), and the filer's own common stock valued at 6929434 USD sole plus 8471267 USD other (total ~286152 shares). The portfolio features diversified holdings across tech giants like Apple (12088523 USD sole), Amazon (8673415 USD sole), and numerous iShares and SPDR ETFs.
- ·Conformed period end: 2026-03-31
- ·Filed as of date: 2026-04-22
- ·SEC file number: 028-01723
- ·Holdings include both sole discretionary (e.g., 47632 Apple shares) and other discretionary (e.g., 8185 Apple shares with 95 none voting authority)
22-04-2026
Madison Park Capital Advisors, LLC filed a 13F-HR report disclosing total holdings valued at $127228631 across 62 positions as of March 31, 2026. The largest position is Vanguard Total International Stock ETF valued at $14032382 (181979 shares), followed by Vanguard Growth ETF at $8613376 (19720 shares) and State Street SPDR S&P 500 ETF at $8366486 (12865 shares). The portfolio includes diversified exposure to equities, ETFs, and sectors like technology (Apple Inc. $6343323, Microsoft Corp. $5643293) with no reported changes or performance metrics.
- ·All positions reported with 0 sole voting authority, 0 shared voting authority
- ·Filed on April 22, 2026; business address: 701 Fifth Avenue Suite 4200, Seattle, WA 98104
- ·SEC file number: 028-23581
22-04-2026
Muirfield Wealth Advisors LLC filed its 13F-HR on April 22, 2026, for the quarter ended March 31, 2026, disclosing total equity holdings valued at $135,904,507 across 80 positions, all held with sole voting authority. Top holdings by market value include Vanguard Scottsdale FDS Short Term Treas ETF ($6,855,422), NVIDIA Corporation ($4,759,591), and Schwab Strategic TR US Lrg Cap ETF ($4,598,173). The filing lists holdings in major stocks like Apple, Microsoft, Amazon, and various ETFs focused on dividends, growth, and fixed income.
- ·Filing period end date: March 31, 2026
- ·All positions reported as SH SOLE (sole shared discretionary voting authority)
- ·Address: 6101 Carnegie Blvd., Suite 550, Charlotte, NC 28209
22-04-2026
Coston, McIsaac & Partners filed a 13F-HR on April 22, 2026, disclosing 941 equity positions totaling $443,500,435 as of March 31, 2026, all held under sole discretion and voting authority. Largest holdings include Berkshire Hathaway Class B shares ($14.7M), Apple Inc. ($12.5M), Consolidated Edison Inc. ($7.1M), Altria Group Inc. ($5.7M), and Unilever PLC ($5.3M), with notable exposure to utilities, consumer staples, technology, and fixed income funds. No period-over-period changes are detailed in this snapshot filing.
- ·Filing period end date: March 31, 2026
- ·All positions reported as SOLE discretion with no shared voting authority
- ·Significant allocations to ADRs (e.g., international consumer and pharma) and bond mutual funds
22-04-2026
Cottonwood Communities, Inc. issued and sold 169,021 shares of Series 2025 Preferred Stock for aggregate proceeds of $1,665,000 during April 1-21, 2026, as part of an ongoing best-efforts private placement offering launched December 9, 2024, with a maximum of $150,000,000. The company paid $78,900 in selling commissions and $47,818 in aggregate placement fees related to these sales. As of April 21, 2026, 11,056,867 shares of Series 2025 Preferred Stock are outstanding.
- ·Offering launched December 9, 2024, exempt under Rule 506(b) of Regulation D
- ·Shares offered at $10.00 per share with discounts for certain purchasers
- ·Date of earliest event reported: April 16, 2026
22-04-2026
Lam Research Corporation reported record Q3 FY2026 revenue of $5.84 billion, up 9% QoQ from $5.34 billion and 24% YoY from $4.72 billion, driven by systems revenue of $3.73 billion (+23% YoY) and customer support revenue of $2.11 billion (+25% YoY). GAAP gross margin improved to 49.8% (+20 bps QoQ), operating margin to 35.0% (+110 bps QoQ), and diluted EPS to $1.45 (+15% QoQ). While cash and equivalents decreased to $4.77 billion from $6.20 billion due to capital returns, debt repayments, and capex, the company guided for Q4 revenue of $6.60 billion +/- $400 million with operating margin of 36.5% +/-1%.
- ·Revenue geographic breakdown Q3 FY2026: China 34%, Korea 23%, Taiwan 23%, Japan 8%, US 6%, Southeast Asia 4%, Europe 2%.
- ·Q3 FY2026 GAAP operating expenses: $864 million (up from $841 million QoQ).
- ·Nine months FY2026 revenue: $16.51 billion (up from $13.26 billion prior year).
- ·Q4 FY2026 diluted share count guidance: 1.255 billion.
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