Q1 2025 Holdings
Filed 2025-05-15 | 191 holdings | $2.7B | 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 | $198.8M | $183,400,000 | 7.3% |
| ON Semiconductor Corp | NOTE 5/0 | 682189AS4 | $176.9M | $167,500,000 | 6.5% |
| CNX RES Corp | NOTE 2.250% 5/0 | 12653CAG3 | $170.7M | $69,401,000 | 6.3% |
| Palo Alto Networks Inc | NOTE 0.375% 6/0 | 697435AF2 | $153.0M | $44,559,999 | 5.6% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $139.8M | 250,000 | 5.1% |
| Southwest Airls Co | NOTE 1.250% 5/0 | 844741BG2 | $124.6M | $124,702,000 | 4.6% |
| Middleby Corp | NOTE 1.000% 9/0 | 596278AB7 | $115.6M | $95,794,000 | 4.2% |
| Wolfspeed Inc | NOTE 1.750% 5/0 | 225447AD3 | $112.3M | $181,000,000 | 4.1% |
| Integra Lifesciences Hldgs C | NOTE 0.500% 8/1 | 457985AM1 | $102.9M | $105,000,000 | 3.8% |
| Hewlett Packard Enterprise C(HPEPC) | 7.625 MAND CONV | 42824C208 | $96.7M | 2,019,911 | 3.5% |
| Apollo Global Mgmt Inc | SER A MAND CNV | 03769M304 | $91.7M | 1,250,000 | 3.4% |
| American Airlines Group Inc | NOTE 6.500% 7/0 | 02376RAF9 | $83.0M | $82,860,000 | 3.0% |
| Nextera Energy Inc(NEE) | COM | 65339F101 | $79.3M | 1,118,035 | 2.9% |
| HCI Group Inc | NOTE 4.750% 6/0 | 40416EAF0 | $78.3M | $41,516,000 | 2.9% |
| Cinemark Hldgs Inc | NOTE 4.500% 8/1 | 17243VAB8 | $76.2M | $43,620,000 | 2.8% |
| AIR Trans Svcs Group Inc | NOTE 3.875% 8/1 | 00922RAD7 | $73.8M | $74,000,000 | 2.7% |
| Boeing Co(BA) | COM | 097023105 | $68.1M | 399,287 | 2.5% |
| Dropbox Inc | NOTE 3/0 | 26210CAD6 | $66.5M | $67,500,000 | 2.4% |
| Post Hldgs Inc | NOTE 2.500% 8/1 | 737446AT1 | $59.7M | $50,000,000 | 2.2% |
| Evergy Inc | NOTE 4.500%12/1 | 30034WAD8 | $52.9M | $45,000,000 | 1.9% |
| Nextera Energy Inc(NEE)Call | COM | 65339F101 | $44.3M | 625,000 | 1.6% |
| Pennymac Corp | NOTE 5.500% 3/1 | 70932AAF0 | $41.9M | $42,402,000 | 1.5% |
| Datadog Inc | NOTE 0.125% 6/1 | 23804LAB9 | $41.6M | $37,095,000 | 1.5% |
| Firstenergy Corp | NOTE 4.000% 5/0 | 337932AR8 | $30.9M | $30,500,000 | 1.1% |
| Magnite Inc | NOTE 0.250% 3/1 | 55955DAB6 | $27.7M | $29,000,000 | 1.0% |
| Kimco Rlty Corp | DP CV CL N 7.25% | 49446R687 | $27.1M | 451,110 | 1.0% |
| Peabody Engr Corp | NOTE 3.250% 3/0 | 704551AD2 | $26.0M | $25,000,000 | 1.0% |
| Pebblebrook Hotel TR | NOTE 1.750%12/1 | 70509VAA8 | $25.9M | $27,642,000 | 0.9% |
| The Realreal Inc | DEBT 4.000% 2/1 | 88339PAJ0 | $22.6M | $27,000,000 | 0.8% |
| Microstrategy Inc(MSTR)Put | CL A NEW | 594972408 | $21.6M | 75,000 | 0.8% |
| Hewlett Packard Enterprise C(HPE)Put | COM | 42824C109 | $19.3M | 1,250,000 | 0.7% |
| Green Plains Inc | NOTE 2.250% 3/1 | 393222AK0 | $18.9M | $22,500,000 | 0.7% |
| Gossamer BIO Inc | NOTE 5.000% 6/0 | 38341PAA0 | $17.7M | $32,300,000 | 0.6% |
| Purecycle Technologies Inc | NOTE 7.250% 8/1 | 74623VAB9 | $17.1M | $21,000,000 | 0.6% |
| Boeing Co(BA)Call | COM | 097023105 | $17.1M | 100,000 | 0.6% |
| Workiva Inc | NOTE 1.125% 8/1 | 98139AAB1 | $15.3M | $13,650,000 | 0.6% |
| Live OAK Acquisition Corp V | UNIT 02/20/2030 | G5509P128 | $11.5M | 1,140,000 | 0.4% |
| Microstrategy Inc(MSTR) | CL A NEW | 594972408 | $10.1M | 35,000 | 0.4% |
| Expedia Group Inc | NOTE 2/1 | 30212PBE4 | $9.9M | $10,000,000 | 0.4% |
| Rithm Acquisition Corp | UNIT 99/99/9999 | G75751126 | $9.5M | 942,807 | 0.3% |
| Fifth ERA Acquisition Corp I | UNIT 99/99/9999 | G3415K127 | $8.1M | 800,000 | 0.3% |
| Fluor Corp | NOTE 1.125% 8/1 | 343412AJ1 | $8.0M | $7,500,000 | 0.3% |
| Hewlett Packard Enterprise C(HPE)Call | COM | 42824C109 | $7.7M | 500,000 | 0.3% |
| Artius II Acquisition Inc | UNIT 11/27/2029 | G0509J107 | $7.0M | 700,000 | 0.3% |
| Stellar V Cap Corp | UNIT 99/99/9999 | G8475V129 | $6.6M | 650,600 | 0.2% |
| Archimedes Tech Spac Partner | UNIT 10/15/2029 | G04537117 | $6.6M | 650,531 | 0.2% |
| Wolfspeed Inc(WOLF*)Put | COM | 977852102 | $6.1M | 2,000,000 | 0.2% |
| Newhold Invt Corp III | UNIT 99/99/9999 | G6486E128 | $5.3M | 525,000 | 0.2% |
| Gesher Acquisition Corp. II | UNIT 03/11/2030 | G3852D123 | $5.3M | 525,000 | 0.2% |
| The Realreal Inc | NOTE 3.000% 6/1 | 88339PAB7 | $5.2M | $5,196,000 | 0.2% |