Q4 2025 Holdings
Filed 2026-02-17 | 607 holdings | $4.6B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Invesco QQQ TR(QQQ)Put | UNIT SER 1 | 46090E103 | $623.5M | 1,015,000 | 13.5% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $409.1M | 600,000 | 8.9% |
| Heico Corp New(HEI/A) | CL A | 422806208 | $224.5M | 889,228 | 4.9% |
| Strategy Inc | NOTE 12/0 | 594972AS0 | $224.0M | $271,968,000 | 4.9% |
| IAC Inc(IAC) | COM NEW | 44891N208 | $223.0M | 5,702,459 | 4.8% |
| Carnival PLC(CUK) | ADS | 14365C103 | $125.3M | 4,130,919 | 2.7% |
| Guardant Health Inc | NOTE 11/1 | 40131MAB5 | $122.9M | $113,720,000 | 2.7% |
| Cloudflare Inc | NOTE 8/1 | 18915MAC1 | $122.0M | $103,712,000 | 2.6% |
| Civitas Resources Inc(CIVI) | COM NEW | 17888H103 | $110.6M | 4,081,641 | 2.4% |
| Super Micro Computer Inc | NOTE 3.500% 3/0 | 86800UAB0 | $107.9M | $120,864,000 | 2.3% |
| Snowflake Inc | NOTE 10/0 | 833445AB5 | $106.2M | $71,414,000 | 2.3% |
| Liberty Broadband Corp(LBRDK) | COM SER C | 530307305 | $92.0M | 1,893,185 | 2.0% |
| Atlanta Braves Hldgs Inc(BATRK) | COM SER C | 047726302 | $81.0M | 2,053,678 | 1.8% |
| Duke Energy Corp New | NOTE 4.125% 4/1 | 26441CBY0 | $80.2M | $77,740,000 | 1.7% |
| Spotify USA Inc | NOTE 3/1 | 84921RAB6 | $70.7M | $62,114,000 | 1.5% |
| Spdr Series Trust(XOP)Put | STATE STREET SPD | 78468R556 | $63.2M | 500,500 | 1.4% |
| Liberty Broadband Corp(LBRDA) | COM SER A | 530307107 | $60.8M | 1,259,939 | 1.3% |
| Evergy Inc | NOTE 4.500%12/1 | 30034WAD8 | $58.5M | $48,000,000 | 1.3% |
| Affirm Hldgs Inc | NOTE 0.750%12/1 | 00827BAD8 | $58.3M | $52,500,000 | 1.3% |
| Block Inc | NOTE 5/0 | 852234AJ2 | $46.9M | $47,576,000 | 1.0% |
| FOX Corp(FOX) | CL B COM | 35137L204 | $45.8M | 705,456 | 1.0% |
| Airbnb Inc | NOTE 3/1 | 009066AB7 | $43.4M | $43,761,000 | 0.9% |
| Core Scientific Inc New(CORZW) | *W EXP 01/23/202 | 21874A114 | $43.2M | 5,116,121 | 0.9% |
| WEC Energy Group Inc | NOTE 4.375% 6/0 | 92939UAP1 | $28.3M | $25,000,000 | 0.6% |
| Ringcentral Inc | NOTE 3/1 | 76680RAH0 | $27.7M | $28,000,000 | 0.6% |
| WW Intl Inc(WW) | COM NEW | 98262P200 | $26.9M | 920,091 | 0.6% |
| Ford MTR Co | NOTE 3/1 | 345370CZ1 | $25.5M | $24,500,000 | 0.6% |
| Sofi Technologies Inc | NOTE 10/1 | 83406FAA0 | $22.0M | $17,000,000 | 0.5% |
| Confluent Inc | NOTE 1/1 | 20717MAB9 | $21.3M | $21,836,000 | 0.5% |
| News Corp New(NWSA) | CL A | 65249B109 | $20.9M | 801,012 | 0.5% |
| AA Mission Acquisition Corp | ORD SHS CL A | G1000R101 | $19.4M | 1,818,429 | 0.4% |
| Bridgebio Pharma Inc | NOTE 2.500% 3/1 | 10806XAB8 | $18.9M | $10,000,000 | 0.4% |
| Affirm Hldgs Inc | NOTE 11/1 | 00827BAB2 | $18.5M | $19,150,000 | 0.4% |
| Telephone & Data SYS Inc(TDS) | COM NEW | 879433829 | $18.5M | 450,000 | 0.4% |
| D. Boral ARC ACQ I Corp. | SHS CL A | G2616F101 | $18.1M | 1,800,000 | 0.4% |
| Siddhi Acquisition Corp | CL A SHS | G8118C124 | $17.0M | 1,650,000 | 0.4% |
| Agriculture & NAT SOL ACQ Co | SHS CL A | G0131Y100 | $16.8M | 1,500,623 | 0.4% |
| Sphere Entertainment Co | NOTE 3.500%12/0 | 55826TAB8 | $16.5M | $6,000,000 | 0.4% |
| Advanced Energy Inds | NOTE 2.500% 9/1 | 007973AE0 | $16.4M | $10,000,000 | 0.4% |
| Vine Hill Cap Invt Corp. | ORD SHS CL A | G93Y09107 | $16.3M | 1,514,440 | 0.4% |
| Ionis Pharmaceuticals Inc | NOTE 1.750% 6/1 | 462222AF7 | $15.9M | $10,000,000 | 0.3% |
| Bitcoin Infrastructure Acqui | USD CL A ORD SHS | G1143H101 | $15.3M | 1,551,000 | 0.3% |
| Transmedics Group Inc | NOTE 1.500% 6/0 | 89377MAB5 | $15.0M | $10,000,000 | 0.3% |
| Live OAK Acquisition Corp V | CL A SHS | G5509P102 | $14.7M | 1,425,000 | 0.3% |
| Frontier Communications Pare(FYBR) | COM | 35909D109 | $14.2M | 373,385 | 0.3% |
| Kochav Defense Acqui Co | SHS CL A | G5304D106 | $13.4M | 1,325,000 | 0.3% |
| Churchill Capital Corp IX | CL A SHS | G21301109 | $13.4M | 1,261,602 | 0.3% |
| Roman Dbdr Acquisition Corp | ORD SHS CL A | G7633M104 | $12.9M | 1,234,023 | 0.3% |
| Guardant Health Inc | DEBT 1.250% 2/1 | 40131MAD1 | $12.8M | $7,000,000 | 0.3% |
| Upwork Inc | NOTE 0.250% 8/1 | 91688FAB0 | $12.8M | $13,058,000 | 0.3% |