Q2 2025 Holdings
Filed 2025-08-14 | 27 holdings | $1.0B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Bausch Health COS Inc(BHC) | COM | 071734107 | $227.8M | 34,254,889 | 22.0% |
| MGM Resorts International(MGM) | COM | 552953101 | $185.8M | 5,402,092 | 17.9% |
| Norwegian Cruise Line Hldg L(NCLH) | SHS | G66721104 | $80.9M | 3,997,792 | 7.8% |
| United Parks & Resorts Inc(PRKS) | COM | 81282V100 | $57.3M | 1,217,470 | 5.5% |
| Victorias Secret and Co(VSCO) | COMMON STOCK | 926400102 | $55.2M | 2,989,087 | 5.3% |
| Select Sector Spdr TR(XLV) | SBI HEALTHCARE | 81369Y209 | $47.1M | 350,000 | 4.5% |
| Smartstop Self Storag REIT I(SMA) | COMMON STOCK | 83192D402 | $34.3M | 949,301 | 3.3% |
| Tidewater Inc New(TDW) | COM | 88642R109 | $33.7M | 731,333 | 3.3% |
| Bausch Plus Lomb Corp(BLCO) | COMMON SHARES | 071705107 | $33.5M | 2,583,185 | 3.2% |
| Stonex Group Inc(SNEX) | COM | 861896108 | $32.5M | 357,152 | 3.1% |
| Boyd Gaming Corp(BYD) | COM | 103304101 | $31.6M | 403,815 | 3.1% |
| Tenet Healthcare Corp(THC) | COM NEW | 88033G407 | $31.5M | 179,183 | 3.0% |
| Pennymac Finl Svcs Inc New(PFSI) | COM | 70932M107 | $29.2M | 294,199 | 2.8% |
| Warner Bros Discovery Inc(WBD) | COM SER A | 934423104 | $26.7M | 2,331,096 | 2.6% |
| Liberty Media Corp del(LLYVK*) | COM LBTY LIV S C | 531229722 | $20.2M | 249,530 | 2.0% |
| Algoma STL Group Inc(ASTL) | COM | 015658107 | $17.2M | 2,493,548 | 1.7% |
| Ardent Health Inc(ARDT) | COM | 03980N107 | $15.7M | 1,153,113 | 1.5% |
| Liberty Latin America LTD(LILAK) | COM CL C | G9001E128 | $13.7M | 2,205,722 | 1.3% |
| Mplx LP(MPLX) | COM UNIT REP LTD | 55336V100 | $13.0M | 252,500 | 1.3% |
| Mercury Genl Corp New(MCY) | COM | 589400100 | $10.9M | 162,718 | 1.1% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $9.9M | 548,720 | 1.0% |
| Liberty Media Corp del | DEB 3.750% 2/1 | 530715AL5 | $9.3M | $92,401,000 | 0.9% |
| Liberty Media Corp del | DEB 4.000%11/1 | 530715AG6 | $7.6M | $75,030,000 | 0.7% |
| Natural Resource Partners L(NRP) | COM UNIT LTD PAR | 63900P608 | $6.1M | 63,842 | 0.6% |
| TIM S A(TIMB) | SPONSORED ADR | 88706T108 | $2.0M | 100,000 | 0.2% |
| JBS N.V.(JBS) | CL A SHS | N4732M103 | $2.0M | 135,659 | 0.2% |
| Vodafone Group PLC New(VOD) | SPONSORED ADR | 92857W308 | $643.1K | 60,328 | 0.1% |