Q1 2025 Holdings
Filed 2025-05-15 | 201 holdings | $3.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(LQD) | IBOXX INV CP ETF | 464287242 | $656.7M | 6,042,278 | 19.7% |
| Invesco QQQ TR(QQQ)Call | UNIT SER 1 | 46090E103 | $187.6M | 400,000 | 5.6% |
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $157.8M | 2,000,000 | 4.7% |
| Ishares TR(TLT)Call | 20 YR TR BD ETF | 464287432 | $154.8M | 1,700,000 | 4.6% |
| Airbnb Inc | NOTE3/1 | 009066AB7 | $147.3M | $154,000,000 | 4.4% |
| Apollo Global Mgmt Inc | SER A MAND CNV | 03769M304 | $121.1M | 1,650,000 | 3.6% |
| PDD Holdings Inc | NOTE12/0 | 722304AC6 | $87.0M | $88,335,000 | 2.6% |
| Discover Finl Svcs(DFSEUR) | COM | 254709108 | $85.6M | 501,279 | 2.6% |
| Ishares TR(IEF) | 7-10 YR TRSY BD | 464287440 | $81.1M | 850,000 | 2.4% |
| Akamai Technologies Inc | NOTE 0.125% 5/0 | 00971TAJ0 | $78.2M | $78,500,000 | 2.3% |
| Uber Technologies Inc | NOTE12/1 | 90353TAJ9 | $72.1M | $67,906,000 | 2.2% |
| ZTO Express Cayman Inc | NOTE 1.500% 9/0 | 98980AAB1 | $71.9M | $71,500,000 | 2.2% |
| Hewlett Packard Enterprise C(HPEPC) | 7.625 MAND CONV | 42824C208 | $67.1M | 1,400,000 | 2.0% |
| Spdr SER TR(CWB)Put | BBG CONV SEC ETF | 78464A359 | $64.9M | 847,100 | 1.9% |
| United States STL Corp | NOTE 5.000%11/0 | 912909AT5 | $55.9M | $17,635,000 | 1.7% |
| Ishares TR(TLT)Put | 20 YR TR BD ETF | 464287432 | $54.6M | 600,000 | 1.6% |
| American Airlines Group Inc | NOTE 6.500% 7/0 | 02376RAF9 | $54.0M | $53,900,000 | 1.6% |
| Southwest Airls Co | NOTE 1.250% 5/0 | 844741BG2 | $51.5M | $51,534,000 | 1.5% |
| Lumentum Hldgs Inc | NOTE 0.500% 6/1 | 55024UAF6 | $51.1M | $55,363,000 | 1.5% |
| Echostar Corp | NOTE 3.875%11/3 | 278768AB2 | $50.4M | $45,000,000 | 1.5% |
| NCL Corp LTD | NOTE 2.500% 2/1 | 62886HBK6 | $49.7M | $50,275,000 | 1.5% |
| Ford MTR Co | NOTE3/1 | 345370CZ1 | $47.0M | $48,000,000 | 1.4% |
| Omnicom Group Inc(OMC) | COM | 681919106 | $46.2M | 557,198 | 1.4% |
| Vanguard Scottsdale FDS(VCIT) | INT-TERM CORP | 92206C870 | $45.0M | 550,000 | 1.3% |
| Nextera Energy Inc(NEEPS) | UNIT 06/01/2027 | 65339F663 | $43.5M | 900,000 | 1.3% |
| Frontier Communications Pare(FYBR) | COM | 35909D109 | $33.2M | 927,037 | 1.0% |
| Seagate HDD Cayman | NOTE 3.500% 6/0 | 81180WBL4 | $33.2M | $27,500,000 | 1.0% |
| H & E Equipment Services Inc(HEESEUR) | COM | 404030108 | $30.4M | 320,849 | 0.9% |
| Ansys Inc(AKX) | COM | 03662Q105 | $29.6M | 93,384 | 0.9% |
| Azek Co Inc(AZEK) | CL A | 05478C105 | $29.2M | 598,200 | 0.9% |
| Wayfair Inc | NOTE 3.500%11/1 | 94419LAR2 | $27.2M | $25,350,000 | 0.8% |
| Parsons Corp del | NOTE 2.625% 3/0 | 70202LAD4 | $25.0M | $25,000,000 | 0.7% |
| Nextera Energy Inc | UNIT 11/01/2027 | 65339F119 | $24.9M | 550,000 | 0.7% |
| Invesco QQQ TR(QQQ)Put | UNIT SER 1 | 46090E103 | $23.4M | 50,000 | 0.7% |
| Bridgebio Pharma Inc | NOTE 2.250% 2/0 | 10806XAD4 | $20.9M | $23,230,000 | 0.6% |
| Cohen Circle Acquisition COR(COHN) | SHS CL A | G3730H106 | $20.8M | 1,859,033 | 0.6% |
| MR Cooper Group Inc(07WA) | COM | 62482R107 | $19.8M | 165,242 | 0.6% |
| Amedisys Inc(AMED) | COM | 023436108 | $19.1M | 206,220 | 0.6% |
| Dropbox Inc | NOTE3/0 | 26210CAC8 | $18.8M | $19,000,000 | 0.6% |
| Confluent Inc | NOTE1/1 | 20717MAB9 | $18.6M | $20,074,000 | 0.6% |
| Jazz Investments I LTD | NOTE 2.000% 6/1 | 472145AF8 | $17.6M | $17,000,000 | 0.5% |
| The Realreal Inc | DEBT 4.000% 2/1 | 88339PAJ0 | $17.5M | $20,847,000 | 0.5% |
| Coinbase Global Inc | NOTE 0.500% 6/0 | 19260QAB3 | $17.2M | $17,500,000 | 0.5% |
| Albemarle Corp(ALBPA) | 7.25% DEP SHS A | 012653200 | $16.3M | 450,000 | 0.5% |
| United States STL Corp New(USX1)Call | COM | 912909108 | $15.8M | 375,000 | 0.5% |
| American Airls Group Inc(AAL) | COM | 02376R102 | $15.8M | 1,500,000 | 0.5% |
| Everi Hldgs Inc(G2C) | COM | 30034T103 | $15.1M | 1,104,322 | 0.5% |
| Dropbox Inc | NOTE3/0 | 26210CAD6 | $14.3M | $14,500,000 | 0.4% |
| Triumph Group Inc New(TG7) | COM | 896818101 | $13.4M | 527,386 | 0.4% |
| Draftkings Inc New | NOTE3/1 | 26142RAB0 | $13.1M | $15,000,000 | 0.4% |