Q4 2025 Holdings
Filed 2026-02-17 | 495 holdings | $7.2B | 13F-HR/A | View on SEC ↗ · Holdings Table ↗
Amended (2026-08-26) | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Western Digital Corp | NOTE 3.000%11/1 | 958102AT2 | $936.9M | $204,400,000 | 13.0% |
| Lumentum Hldgs Inc | NOTE 1.500%12/1 | 55024UAH2 | $377.3M | $71,025,000 | 5.2% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $306.9M | 450,000 | 4.3% |
| Alibaba Group Hldg LTD | NOTE 0.500% 6/0 | 01609WBG6 | $232.8M | $149,900,000 | 3.2% |
| Snowflake Inc | NOTE 10/0 | 833445AB5 | $200.5M | $134,950,000 | 2.8% |
| Snowflake Inc | NOTE 10/0 | 833445AD1 | $193.5M | $125,307,000 | 2.7% |
| Nvidia Corporation(NVDA)Put | COM | 67066G104 | $186.5M | 1,000,000 | 2.6% |
| Echostar Corp | NOTE 3.875%11/3 | 278768AB2 | $183.5M | $54,937,086 | 2.6% |
| Sphere Entertainment Co | NOTE 3.500%12/0 | 55826TAB8 | $182.5M | $66,618,000 | 2.5% |
| Applied Digital Corp | NOTE 2.750% 6/0 | 038169AB4 | $163.9M | $60,800,000 | 2.3% |
| Ishares Bitcoin Trust ETF(IBIT)Put | SHS BEN INT | 46438F101 | $149.0M | 3,000,000 | 2.1% |
| Trip COM Group LTD | NOTE 0.750% 6/1 | 89677QAB3 | $144.9M | $117,832,000 | 2.0% |
| Super Micro Computer IncA | NOTE 3.500% 3/0 | 86800UAB0 | $136.1M | 153,101,000 | 1.9% |
| Lumentum Hldgs Inc | NOTE 0.500%12/1 | 55024UAD1 | $132.7M | $35,780,000 | 1.8% |
| Cadence Bank(CADE) | COM | 12740C103 | $128.5M | 3,000,001 | 1.8% |
| Strategy Inc | NOTE 2.250% 6/1 | 594972AN1 | $123.3M | $111,500,000 | 1.7% |
| Centrus Energy Corp | NOTE 2.250%11/0 | 15643UAE4 | $122.2M | $45,600,000 | 1.7% |
| Chart Inds Inc(GTLS) | COM | 16115Q308 | $115.5M | 560,001 | 1.6% |
| Comerica Inc(CMA) | COM | 200340107 | $108.7M | 1,250,001 | 1.5% |
| Coinbase Global Inc | NOTE 0.250% 4/0 | 19260QAF4 | $92.1M | $90,042,000 | 1.3% |
| Upstart Hldgs Inc | NOTE 2.000%10/0 | 91680MAD9 | $88.2M | $70,000,000 | 1.2% |
| Jetblue Airways Corp | NOTE 2.500% 9/0 | 477143AR2 | $82.3M | $85,071,000 | 1.1% |
| Cyberark Software LTD | SHS | M2682V108 | $76.3M | 171,001 | 1.1% |
| Rivian Automotive Inc | NOTE 3.625%10/1 | 76954AAD5 | $72.5M | $64,737,000 | 1.0% |
| Liberty Broadband Corp(LBRDK) | COM SER C | 530307305 | $71.8M | 1,476,741 | 1.0% |
| Wolfspeed Inc(WOLF)Put | COMMON STOCK | 97785W106 | $69.6M | 4,000,000 | 1.0% |
| Strategy Inc | NOTE 12/0 | 594972AS0 | $66.3M | $81,050,000 | 0.9% |
| Wayfair Inc | NOTE 3.500%11/1 | 94419LAR2 | $65.3M | $28,550,000 | 0.9% |
| Vaneck ETF Trust(OIH)Put | OIL SERVICES ETF | 92189H607 | $64.8M | 227,700 | 0.9% |
| Mara Holdings Inc | NOTE 6/0 | 565788AH9 | $61.6M | $74,000,000 | 0.9% |
| Super Micro Computer Inc(SMCI)Put | COM NEW | 86800U302 | $61.5M | 2,100,000 | 0.9% |
| Coinbase Global Inc | NOTE 0.500% 6/0 | 19260QAB3 | $60.9M | $61,021,000 | 0.8% |
| Taiwan Semiconductor MFG LTD(TSM)Put | SPONSORED ADS | 874039100 | $60.8M | 200,000 | 0.8% |
| Mara Holdings Inc | NOTE 3/0 | 565788AF3 | $55.0M | $69,850,000 | 0.8% |
| Omeros Corp | NOTE 9.500% 6/1 | 682143AK8 | $54.0M | $18,033,000 | 0.8% |
| Upstart Hldgs Inc | NOTE 1.000%11/1 | 91680MAF4 | $52.9M | $60,730,000 | 0.7% |
| Encore Cap Group Inc | NOTE 4.000% 3/1 | 292554AP7 | $52.2M | $47,512,000 | 0.7% |
| Triple Flag Precious Metal(TFPM) | COM | 89679M104 | $50.7M | 1,526,630 | 0.7% |
| Gulfport Energy Corp(GPOR) | COMMON SHARES | 402635502 | $46.7M | 224,627 | 0.6% |
| Cleanspark Inc | NOTE 6/1 | 18452BAC4 | $46.7M | $45,135,000 | 0.6% |
| Strategy Inc | NOTE 0.625% 9/1 | 594972AQ4 | $43.1M | $37,000,000 | 0.6% |
| Sunrun Inc | NOTE 4.000% 3/0 | 86771WAD7 | $41.8M | $29,550,000 | 0.6% |
| Freshpet Inc | NOTE 3.000% 4/0 | 358039AB1 | $36.7M | $31,436,000 | 0.5% |
| Palantir Technologies Inc(PLTR)Put | CL A | 69608A108 | $35.6M | 200,000 | 0.5% |
| Herbalife LTD | NOTE 4.250% 6/1 | 42703MAF0 | $34.8M | $32,321,000 | 0.5% |
| Mara Holdings Inc(MARA)Put | COM | 565788106 | $34.7M | 3,869,200 | 0.5% |
| Mara Holdings Inc | NOTE 2.125% 9/0 | 565788AD8 | $33.7M | $41,950,000 | 0.5% |
| FOX Corp(FOX) | CL B COM | 35137L204 | $33.7M | 518,428 | 0.5% |
| Lumen Technologies Inc(LUMN)Put | COM | 550241103 | $33.4M | 4,300,000 | 0.5% |
| Confluent Inc(CFLT) | CLASS A COM | 20717M103 | $31.9M | 1,054,747 | 0.4% |