Q2 2025 Holdings
Filed 2025-08-14 | 228 holdings | $3.6B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(LQD) | IBOXX INV CP ETF | 464287242 | $632.9M | 5,774,092 | 17.8% |
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $171.3M | 2,124,000 | 4.8% |
| Apollo Global Mgmt Inc | SER A MAND CNV | 03769M304 | $158.1M | 2,100,000 | 4.4% |
| Alibaba Group Hldg LTD | NOTE 0.500% 6/0 | 01609WBG6 | $134.3M | $105,301,000 | 3.8% |
| Ishares TR(IGSB) | ISHS 1-5YR INVS | 464288646 | $133.7M | 2,535,000 | 3.8% |
| Airbnb Inc | NOTE3/1 | 009066AB7 | $117.3M | $121,500,000 | 3.3% |
| Uber Technologies Inc | NOTE12/1 | 90353TAJ9 | $115.7M | $96,456,000 | 3.3% |
| ON Semiconductor Corp | NOTE 0.500% 3/0 | 682189AU9 | $109.9M | $118,500,000 | 3.1% |
| Ford MTR Co | NOTE3/1 | 345370CZ1 | $104.8M | $106,000,000 | 2.9% |
| Vanguard Scottsdale FDS(VCIT) | INT-TERM CORP | 92206C870 | $103.7M | 1,250,000 | 2.9% |
| Shopify Inc | NOTE 0.125%11/0 | 82509LAA5 | $74.2M | $73,107,000 | 2.1% |
| Hewlett Packard Enterprise C(HPEPC) | 7.625 MAND CONV | 42824C208 | $70.9M | 1,200,000 | 2.0% |
| Spdr Gold TR(GLD)Put | GOLD SHS | 78463V107 | $70.1M | 230,000 | 2.0% |
| Ishares TR(IEF) | 7-10 YR TRSY BD | 464287440 | $69.4M | 725,000 | 2.0% |
| Western Digital Corp | NOTE 3.000%11/1 | 958102AT2 | $62.8M | $35,000,000 | 1.8% |
| Invesco QQQ TR(QQQ)Call | UNIT SER 1 | 46090E103 | $61.6M | 111,700 | 1.7% |
| NCL Corp LTD | NOTE 2.500% 2/1 | 62886HBK6 | $60.3M | $60,275,000 | 1.7% |
| American Airlines Group Inc | NOTE 6.500% 7/0 | 02376RAF9 | $60.2M | $60,246,000 | 1.7% |
| Wayfair Inc | NOTE 3.500%11/1 | 94419LAR2 | $53.1M | $39,350,000 | 1.5% |
| Frontier Communications Pare(FYBR) | COM | 35909D109 | $52.5M | 1,442,638 | 1.5% |
| Txnm Energy Inc(TXNM) | COM | 69349H107 | $52.1M | 925,199 | 1.5% |
| Shift4 Pmts Inc | 6 SER A CNV PREF | 82452J307 | $50.8M | 440,000 | 1.4% |
| Ishares TR(IEF)Put | 7-10 YR TRSY BD | 464287440 | $47.9M | 500,000 | 1.3% |
| Jazz Investments I LTD | NOTE 2.000% 6/1 | 472145AF8 | $45.0M | $44,500,000 | 1.3% |
| Middleby Corp | NOTE 1.000% 9/0 | 596278AB7 | $45.0M | $40,000,000 | 1.3% |
| Ishares TR(TLT)Put | 20 YR TR BD ETF | 464287432 | $43.8M | 496,500 | 1.2% |
| Ishares TR(TLT)Call | 20 YR TR BD ETF | 464287432 | $37.1M | 420,000 | 1.0% |
| Microchip Technology Inc. | NOTE 0.750% 6/0 | 595017BG8 | $36.9M | $37,500,000 | 1.0% |
| Dexcom Inc | NOTE 0.375% 5/1 | 252131AM9 | $36.2M | $38,500,000 | 1.0% |
| Spdr Gold TR(GLD)Call | GOLD SHS | 78463V107 | $30.5M | 100,000 | 0.9% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $29.3M | 47,500 | 0.8% |
| Bridgebio Pharma Inc | NOTE 2.250% 2/0 | 10806XAD4 | $29.3M | $31,230,000 | 0.8% |
| Spotify USA Inc | NOTE3/1 | 84921RAB6 | $29.1M | $19,162,000 | 0.8% |
| Akamai Technologies Inc | NOTE 1.125% 2/1 | 00971TAN1 | $28.1M | $29,500,000 | 0.8% |
| Draftkings Inc New | NOTE3/1 | 26142RAB0 | $27.3M | $30,400,000 | 0.8% |
| Coinbase Global Inc | NOTE 0.500% 6/0 | 19260QAB3 | $26.7M | $23,000,000 | 0.7% |
| ARK ETF TR(ARKK)Put | INNOVATION ETF | 00214Q104 | $26.4M | 375,000 | 0.7% |
| Ishares TR(IWM)Put | RUSSELL 2000 ETF | 464287655 | $21.6M | 100,000 | 0.6% |
| Cohen Circle Acquisition COR(COHN) | SHS CL A | G3730H106 | $20.4M | 1,859,033 | 0.6% |
| Amedisys Inc(AMED)Put | COM | 023436108 | $19.7M | 200,000 | 0.6% |
| Skechers U S A Inc(SKAA) | CL A | 830566105 | $19.4M | 307,769 | 0.5% |
| The Realreal Inc | DEBT 4.000% 2/1 | 88339PAJ0 | $17.8M | $22,597,000 | 0.5% |
| Nextera Energy Inc | UNIT 11/01/2027 | 65339F119 | $15.5M | 350,000 | 0.4% |
| Dropbox Inc | NOTE3/0 | 26210CAD6 | $14.7M | $14,500,000 | 0.4% |
| Cloudflare Inc | NOTE8/1 | 18915MAC1 | $14.1M | $11,882,000 | 0.4% |
| Cameco Corp(CCJ) | COM | 13321L108 | $13.9M | 187,500 | 0.4% |
| Dropbox Inc | NOTE3/0 | 26210CAC8 | $13.9M | $14,000,000 | 0.4% |
| Bausch Plus Lomb Corp(BLCO) | COMMON SHARES | 071705107 | $13.3M | 1,020,750 | 0.4% |
| Fluor Corp | NOTE 1.125% 8/1 | 343412AJ1 | $13.1M | $10,000,000 | 0.4% |
| Exact Sciences Corp | NOTE 0.375% 3/1 | 30063PAB1 | $12.7M | $13,250,000 | 0.4% |