Q3 2025 Holdings
Filed 2025-11-14 | 86 holdings | $2.5B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Aercap Holdings NV(AER) | SHS | N00985106 | $181.5M | 1,500,000 | 7.3% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $178.8M | 2,500,000 | 7.2% |
| British Amern TOB PLC(BMTA) | SPONSORED ADR | 110448107 | $116.8M | 2,200,000 | 4.7% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $108.4M | 562,500 | 4.4% |
| PG&E Corp(PCG) | COM | 69331C108 | $89.0M | 5,900,000 | 3.6% |
| Txnm Energy Inc(TXNM) | COM | 69349H107 | $81.6M | 1,442,554 | 3.3% |
| Newmark Group Inc(NMRK) | CL A | 65158N102 | $81.3M | 4,360,150 | 3.3% |
| CVS Health Corp(CVS) | COM | 126650100 | $78.6M | 1,042,500 | 3.2% |
| Union PAC Corp(UNP) | COM | 907818108 | $78.5M | 332,000 | 3.1% |
| Acadian Asset Management Inc(AAMI) | COM | 10948W103 | $74.2M | 1,541,108 | 3.0% |
| Capital One Finl Corp(COF) | COM | 14040H105 | $65.5M | 308,000 | 2.6% |
| Constellation Brands Inc(STZ) | CL A | 21036P108 | $60.7M | 451,000 | 2.4% |
| Liberty Broadband Corp(LBRDK) | COM SER C | 530307305 | $58.5M | 920,781 | 2.3% |
| Cardinal Health Inc(CAH) | COM | 14149Y108 | $56.1M | 357,400 | 2.3% |
| Altice USA Inc(OPTU) | CL A | 02156K103 | $55.7M | 23,100,000 | 2.2% |
| Enova Intl Inc(ENVA) | COM | 29357K103 | $50.8M | 441,564 | 2.0% |
| Bristow Group Inc(VTOL) | COM | 11040G103 | $46.0M | 1,276,000 | 1.8% |
| Blackline Inc | NOTE 1.000% 6/0 | 09239BAF6 | $45.8M | $44,000,000 | 1.8% |
| Echostar Corp(SATS) | CL A | 278768106 | $43.5M | 570,000 | 1.7% |
| Novagold RES Inc(NG) | COM NEW | 66987E206 | $43.1M | 4,893,566 | 1.7% |
| Norfolk Southn Corp(NSC) | COM | 655844108 | $41.0M | 136,500 | 1.6% |
| Bain Cap GSS Invt Corp | UNIT 99/99/9999 | G0R78B122 | $40.3M | 3,990,000 | 1.6% |
| Vishay Intertechnology Inc | NOTE 2.250% 9/1 | 928298AR9 | $38.0M | $42,000,000 | 1.5% |
| Churchill Cap Corp X | SHS CL A | G2130T108 | $34.0M | 2,640,000 | 1.4% |
| Viasat Inc(VSAT) | COM | 92552V100 | $33.3M | 1,138,000 | 1.3% |
| ANI Pharmaceuticals Inc | NOTE 2.250% 9/0 | 00182CAC7 | $32.3M | $23,000,000 | 1.3% |
| Pagerduty Inc | NOTE 1.500%10/1 | 69553PAD2 | $31.8M | $32,500,000 | 1.3% |
| Liberty Broadband Corp(LBRDA) | COM SER A | 530307107 | $31.7M | 500,000 | 1.3% |
| Advanced Energy Inds | NOTE 2.500% 9/1 | 007973AE0 | $31.2M | $22,500,000 | 1.3% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $30.7M | 1,517,953 | 1.2% |
| Phillips 66(PSX) | COM | 718546104 | $29.5M | 216,800 | 1.2% |
| Nelnet Inc(NNI) | CL A | 64031N108 | $29.0M | 231,000 | 1.2% |
| Churchill Capital Corp IX | CL A SHS | G21301109 | $27.6M | 2,633,582 | 1.1% |
| MKS Inc. | NOTE 1.250% 6/0 | 55306NAB0 | $27.4M | $25,000,000 | 1.1% |
| Nextnav Inc(NN) | COMMON STOCK | 65345N106 | $27.0M | 1,886,000 | 1.1% |
| ON Semiconductor Corp | NOTE 0.500% 3/0 | 682189AU9 | $22.2M | $24,000,000 | 0.9% |
| Teck Resources LTD(TECK) | CL B | 878742204 | $21.9M | 500,000 | 0.9% |
| Siriusxm Holdings Inc(SIRI) | COMMON STOCK | 829933100 | $21.1M | 905,623 | 0.8% |
| Sinclair Inc(SBGI) | CL A | 829242106 | $17.3M | 1,144,493 | 0.7% |
| Liberty Media Corp del(LLYVK*) | COM LBTY LIV S C | 531229722 | $17.0M | 175,771 | 0.7% |
| Alight Inc(ALIT) | COM CL A | 01626W101 | $16.1M | 4,930,000 | 0.6% |
| Ardagh Metal Packaging S A(AMBP) | SHS | L02235106 | $16.0M | 4,000,000 | 0.6% |
| Gores Hldgs X Inc | SHS CL A | G4002F109 | $15.1M | 1,475,000 | 0.6% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $14.6M | 86,800 | 0.6% |
| Alamos Gold Inc New(AGI) | COM CL A | 011532108 | $13.6M | 391,300 | 0.5% |
| Amphastar Pharmaceuticals in | NOTE 2.000% 3/1 | 03209RAB9 | $13.6M | $15,000,000 | 0.5% |
| American Exceptionalism Acqu | ORD CL A | G0273J101 | $13.4M | 1,230,000 | 0.5% |
| Penguin Solutions Inc | NOTE 2.000% 8/1 | 83205YAE4 | $12.5M | $10,500,000 | 0.5% |
| Telephone & Data SYS Inc(TDS) | COM NEW | 879433829 | $11.8M | 300,000 | 0.5% |
| Seadrill LTD(SDRL) | COM | G7997W102 | $11.3M | 374,420 | 0.5% |