Q4 2025 Holdings
Filed 2026-02-17 | 472 holdings | $16.2B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Lumentum Holdings Inc 0.5 06/15/2028 | SDBCV | 55024UAF6 | $807.1M | $284,221,000 | 5.0% |
| Centrus Energy Corp 2.25 11/01/2030 | SDBCV | 15643UAE4 | $644.0M | $239,902,000 | 4.0% |
| Lumentum Holdings Inc 1.5 12/15/2029 | SDBCV | 55024UAH2 | $496.0M | $93,336,000 | 3.1% |
| Applied Digital Corp 2.75 06/01/2030 | SDBCV | 038169AB4 | $350.9M | $130,435,000 | 2.2% |
| Lumentum Holdings Inc 0.5 12/15/2026 | SDBCV | 55024UAD1 | $333.0M | $89,731,000 | 2.0% |
| Bill Holdings Inc 0 04/01/2030 144A | SDBCV | 090043AF7 | $289.5M | $314,207,000 | 1.8% |
| Affirm Holdings Inc 0.75 12/15/2029 | SDBCV | 00827BAD8 | $283.4M | $255,708,000 | 1.7% |
| Strategy Inc Note 0.625 3/1 | SDBCV | 594972AJ0 | $281.2M | $222,440,000 | 1.7% |
| MKS Inc 1.25 06/01/2030 | SDBCV | 55306NAB0 | $272.5M | $213,119,000 | 1.7% |
| LI Auto Inc 0.25 05/01/2028 | SDBCV | 50202MAB8 | $263.6M | $261,707,000 | 1.6% |
| Liberty Media Corp 3.75 03/15/2028 | SDBCV | 531229AP7 | $251.1M | $249,419,000 | 1.5% |
| Exact Sciences Corp 0.375 03/01/2028 | SDBCV | 30063PAC9 | $244.9M | $238,106,000 | 1.5% |
| Bridgebio Pharma Inc 2.25 02/01/2029 | SDBCV | 10806XAD4 | $241.0M | $214,048,000 | 1.5% |
| Upstart Holdings Inc 2 10/01/2029 144A | SDBCV | 91680MAD9 | $236.8M | $187,145,000 | 1.5% |
| Jazz Investments I LTD 3.125 09/15/2030 | SDBCV | 472145AH4 | $234.0M | $175,450,000 | 1.4% |
| Peloton Interactive Inc 5.5 12/01/2029 | SDBCV | 70614WAD2 | $229.1M | $137,643,000 | 1.4% |
| Sphere Entertainment Co 3.5 12/01/2028 | SDBCV | 55826TAB8 | $226.5M | $82,290,000 | 1.4% |
| Sunrun Inc 4 03/01/2030 144A | SDBCV | 86771WAD7 | $218.6M | $154,261,000 | 1.3% |
| Cleanspark Inc 0 06/15/2030 144A | SDBCV | 18452BAC4 | $217.2M | $209,496,000 | 1.3% |
| Alibaba Group Holding 0.5 06/01/2031 | SDBCV | 01609WBG6 | $216.9M | $139,376,000 | 1.3% |
| Solaris Energy Infrastru 0.25 10/01/2031 | SDBCV | 83419XAB4 | $204.3M | $188,600,000 | 1.3% |
| Haemonetics Corp 2.5 06/01/2029 | SDBCV | 405024AD2 | $203.6M | $195,904,000 | 1.3% |
| Celcuity Inc 2.75 08/01/2031 | SDBCV | 15102KAA8 | $202.5M | $93,372,000 | 1.2% |
| Ascendis Pharma A/S 2.25 04/01/2028 | SDBCV | 04351PAD3 | $195.1M | $137,397,000 | 1.2% |
| Collegium Pharma Inc 2.875 02/15/2029 | SDBCV | 19459JAC8 | $190.4M | $134,690,000 | 1.2% |
| Vishay Intertechnology 2.25 09/15/2030 | SDBCV | 928298AR9 | $187.5M | $208,038,000 | 1.2% |
| OSI Systems Inc 2.25 08/01/2029 | SDBCV | 671044AF2 | $169.4M | $114,046,000 | 1.0% |
| Makemytrip Limited 0 02/15/2028 | SDBCV | 56087FAB0 | $168.9M | $78,484,000 | 1.0% |
| Strategy Inc Note 12/0 | SDBCV | 594972AS0 | $166.5M | $202,633,000 | 1.0% |
| Aerovironment Inc 0 07/15/2030 | SDBCV | 008073AA6 | $166.2M | $152,964,000 | 1.0% |
| Cipher Mining 1.75 05/15/2030 | SDBCV | 17253JAA4 | $153.4M | $44,000,000 | 0.9% |
| Progress Software Corp 3.5 03/01/2030 | SDBCV | 743312AD2 | $153.4M | $151,347,000 | 0.9% |
| Marriott Vacation Worldw 3.25 12/15/2027 | SDBCV | 57164YAF4 | $151.0M | $158,451,000 | 0.9% |
| Guardant Health Inc 1.25 02/15/2031 | SDBCV | 40131MAD1 | $149.7M | $81,820,000 | 0.9% |
| Bridgebio Pharma Inc 2.5 03/15/2027 | SDBCV | 10806XAB8 | $148.0M | $78,430,000 | 0.9% |
| Upstart Holdings Inc 1 11/15/2030 | SDBCV | 91680MAF4 | $142.7M | $163,302,000 | 0.9% |
| Riot Platforms Inc 0.75 01/15/2030 144A | SDBCV | 767292AB1 | $142.4M | $125,924,000 | 0.9% |
| Stride Inc 1.125 09/01/2027 | SDBCV | 86333MAA6 | $141.9M | $103,952,000 | 0.9% |
| Conmed Corp 2.25 06/15/2027 | SDBCV | 207410AH4 | $133.4M | $139,175,000 | 0.8% |
| Silvercorp Metals Inc 4.75 12/15/2029 144A | SDBCV | 82835PAB9 | $133.3M | $65,268,000 | 0.8% |
| Iren LTD 3.25 06/15/2030 | SDBCV | 46270CAB5 | $127.0M | $51,777,000 | 0.8% |
| Wayfair Inc 3.5 11/15/2028 | SDBCV | 94419LAR2 | $126.3M | $55,084,000 | 0.8% |
| Fortuna Mining Corp 3.75 06/30/2029 144A | SDBCV | 349915AE8 | $123.6M | $72,876,000 | 0.8% |
| Travere Therapeutics Inc 2.25 03/01/2029 | SDBCV | 89422GAA5 | $122.0M | $85,562,000 | 0.8% |
| Livanova PLC 2.5 03/15/2029 | SDBCV | 53802LAB8 | $118.7M | $102,415,000 | 0.7% |
| Western Digital Corp 3 11/15/2028 | SDBCV | 958102AT2 | $118.7M | $25,867,000 | 0.7% |
| Coinbase Global Inc 0.25 04/01/2030 144A | SDBCV | 19260QAF4 | $111.4M | $108,676,000 | 0.7% |
| Pacira Biosciences Inc 2.125 05/15/2029 | SDBCV | 695127AJ9 | $109.6M | $108,720,000 | 0.7% |
| Strategy Inc 0.875 03/15/2031 | SDBCV | 594972AL5 | $108.4M | $105,639,000 | 0.7% |
| Strategy Inc Note 2.250 6/1 | SDBCV | 594972AN1 | $107.3M | $96,649,000 | 0.7% |