Q4 2025 Holdings
Filed 2026-02-18 | 171 holdings | $1.2B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Duke Energy Corp New | NOTE 4.125% 4/1 | 26441CBY0 | $63.0M | $61,110,000 | 5.4% |
| Tetra Tech Inc New | DBCV 2.250% 8/1 | 88162GAB9 | $61.8M | $56,880,000 | 5.3% |
| Tyler TEX Indpt SCH Dist | NOTE 0.250% 3/1 | 902252AB1 | $61.8M | $60,945,000 | 5.3% |
| Parsons Corp del | NOTE 2.625% 3/0 | 70202LAD4 | $61.2M | $59,237,000 | 5.3% |
| Ventas Rlty LTD Partnership | NOTE 3.750% 6/0 | 92277GAZ0 | $59.8M | $42,175,000 | 5.2% |
| Spotify USA Inc | NOTE 3/1 | 84921RAB6 | $56.1M | $49,276,000 | 4.8% |
| MKS Inc. | NOTE 1.250% 6/0 | 55306NAB0 | $52.7M | $41,180,000 | 4.5% |
| Fluor Corp | NOTE 1.125% 8/1 | 343412AJ1 | $45.7M | $39,930,000 | 3.9% |
| Nutanix Inc | NOTE 0.250%10/0 | 67059NAH1 | $34.9M | $30,975,000 | 3.0% |
| Itron Inc | NOTE 1.375% 7/1 | 465741AQ9 | $34.3M | $33,865,000 | 3.0% |
| Jazz Investments I LTD | NOTE 3.125% 9/1 | 472145AH4 | $30.9M | $23,135,000 | 2.7% |
| PPL Cap FDG Inc | NOTE 2.875% 3/1 | 69352PAS2 | $30.6M | $27,880,000 | 2.6% |
| Southern Co | NOTE 4.500% 6/1 | 842587DZ7 | $30.5M | $28,550,000 | 2.6% |
| Repligen Corp | NOTE 1.000%12/1 | 759916AD1 | $28.9M | $26,300,000 | 2.5% |
| SSR Mining in | NOTE 2.500% 4/0 | 784730AB9 | $28.6M | $21,755,000 | 2.5% |
| Guidewire Software Inc | NOTE 1.250%11/0 | 40171VAC4 | $27.9M | $25,305,000 | 2.4% |
| Varonis SYS Inc | NOTE 1.000% 9/1 | 922280AD4 | $22.3M | $23,985,000 | 1.9% |
| Haemonetics Corp Mass | NOTE 2.500% 6/0 | 405024AD2 | $22.1M | $21,275,000 | 1.9% |
| Aerovironment Inc | NOTE 7/1 | 008073AA6 | $21.6M | $19,815,000 | 1.9% |
| Evergy Inc | NOTE 4.500%12/1 | 30034WAD8 | $21.1M | $17,265,000 | 1.8% |
| Bofa FIN LLC | MTNF 0.600% 5/2 | 09709UV70 | $20.6M | $18,942,000 | 1.8% |
| Brookdale SR Living Inc | NOTE 2.000%10/1 | 112463AC8 | $19.7M | $14,350,000 | 1.7% |
| Integer Hldgs Corp | NOTE 2.125% 2/1 | 45826HAB5 | $17.5M | $15,445,000 | 1.5% |
| Braemar Hotels & Resorts Inc | NOTE 4.500% 6/0 | 10482BAB7 | $17.2M | $17,450,000 | 1.5% |
| Global Pmts Inc | NOTE 1.500% 3/0 | 37940XAU6 | $15.3M | $16,960,000 | 1.3% |
| Granite Constr Inc | NOTE 3.250% 6/1 | 387328AF4 | $13.1M | $8,175,000 | 1.1% |
| Northern Oil & Gas Inc | NOTE 3.625% 4/1 | 665531AJ8 | $13.0M | $13,401,000 | 1.1% |
| Live Nation Entertainment in | NOTE 2.875% 1/1 | 538034BC2 | $11.8M | $11,190,000 | 1.0% |
| Ford MTR Co | NOTE 3/1 | 345370CZ1 | $11.1M | $10,685,000 | 1.0% |
| Peabody Engr Corp | NOTE 3.250% 3/0 | 704551AD2 | $10.1M | $6,000,000 | 0.9% |
| Bank America Corp(BAC) | 7.25%CNV PFD L | 060505682 | $9.8M | 7,817 | 0.8% |
| Expedia Group Inc | NOTE 2/1 | 30212PBE4 | $9.3M | $8,297,000 | 0.8% |
| Enovis Corporation | NOTE 3.875%10/1 | 194014AB2 | $8.9M | $9,055,000 | 0.8% |
| American WTR Cap Corp | NOTE 3.625% 6/1 | 03040WBE4 | $8.5M | $8,555,000 | 0.7% |
| Opko Health Inc | NOTE 3.750% 1/1 | 68375NAG8 | $7.9M | $5,918,000 | 0.7% |
| Vertex Inc | NOTE 0.750% 5/0 | 92538JAB2 | $7.7M | $8,095,000 | 0.7% |
| Braemar Hotels & Resorts Inc(BHR) | COM | 10482B101 | $7.0M | 2,432,460 | 0.6% |
| Freshpet Inc | NOTE 3.000% 4/0 | 358039AB1 | $6.8M | $5,770,000 | 0.6% |
| PG&E Corp | NOTE 4.250%12/0 | 69331CAL2 | $6.2M | $6,000,000 | 0.5% |
| World Kinect Corporation | NOTE 3.250% 7/0 | 98149GAB6 | $5.4M | $5,095,000 | 0.5% |
| Alliant Energy Corp | NOTE 3.875% 3/1 | 018802AC2 | $5.2M | $5,000,000 | 0.4% |
| Kayne Anderson Energy Infrst(KYN) | COM | 486606106 | $5.1M | 414,961 | 0.4% |
| Rivian Automotive Inc | NOTE 4.625% 3/1 | 76954AAB9 | $5.0M | $4,000,000 | 0.4% |
| Affirm Hldgs Inc | NOTE 0.750%12/1 | 00827BAD8 | $5.0M | $4,500,000 | 0.4% |
| Vanguard BD Index FDS(VUSB) | VANGUARD ULTRA | 92203C303 | $5.0M | 100,000 | 0.4% |
| Snowflake Inc | NOTE 10/0 | 833445AD1 | $4.6M | $2,965,000 | 0.4% |
| Urban One Inc | CL D NON VTG | 91705J204 | $4.3M | 5,083,163 | 0.4% |
| Lyft Inc | NOTE 0.625% 3/0 | 55087PAD6 | $4.2M | $3,500,000 | 0.4% |
| Meritage Homes Corp | NOTE 1.750% 5/1 | 59001ABF8 | $4.1M | $4,150,000 | 0.4% |
| CVR Partners LP(UAN) | COM | 126633205 | $4.0M | 39,345 | 0.3% |