Q4 2025 Holdings
Filed 2026-02-17 | 94 holdings | $2.9B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Aercap Holdings NV(AER) | SHS | N00985106 | $158.1M | 1,100,000 | 5.5% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $124.9M | 1,700,000 | 4.4% |
| British Amern TOB PLC(BMTA) | SPONSORED ADR | 110448107 | $124.6M | 2,200,000 | 4.3% |
| Capital One Finl Corp(COF) | COM | 14040H105 | $107.6M | 444,000 | 3.7% |
| PG&E Corp(PCG) | COM | 69331C108 | $94.8M | 5,900,000 | 3.3% |
| CVS Health Corp(CVS) | COM | 126650100 | $92.1M | 1,160,000 | 3.2% |
| Union PAC Corp(UNP) | COM | 907818108 | $86.5M | 373,800 | 3.0% |
| Txnm Energy Inc(TXNM) | COM | 69349H107 | $84.9M | 1,442,554 | 3.0% |
| Constellation Brands Inc(STZ) | CL A | 21036P108 | $80.9M | 586,700 | 2.8% |
| Newmark Group Inc(NMRK) | CL A | 65158N102 | $75.6M | 4,360,150 | 2.6% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $71.0M | 436,500 | 2.5% |
| Enova Intl Inc(ENVA) | COM | 29357K103 | $69.4M | 441,564 | 2.4% |
| Axalta Coating SYS LTD(AXTA) | COM | G0750C108 | $66.2M | 2,050,000 | 2.3% |
| Acadian Asset Management Inc(AAMI) | COM | 10948W103 | $66.0M | 1,404,562 | 2.3% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $63.7M | 193,000 | 2.2% |
| Norfolk Southn Corp(NSC) | COM | 655844108 | $58.8M | 203,800 | 2.0% |
| Warner Bros Discovery Inc(WBD) | COM SER A | 934423104 | $57.6M | 2,000,000 | 2.0% |
| Cardinal Health Inc(CAH) | COM | 14149Y108 | $50.9M | 247,800 | 1.8% |
| Liberty Broadband Corp(LBRDK) | COM SER C | 530307305 | $44.7M | 920,781 | 1.6% |
| Bristow Group Inc(VTOL) | COM | 11040G103 | $44.5M | 1,214,599 | 1.5% |
| Optimum Communications Inc(OPTU) | CL A | 02156K103 | $41.3M | 25,028,407 | 1.4% |
| Bain Cap GSS Invt Corp | UNIT 99/99/9999 | G0R78B122 | $40.8M | 3,990,000 | 1.4% |
| Vishay Intertechnology Inc | NOTE 2.250% 9/1 | 928298AR9 | $39.6M | $44,000,000 | 1.4% |
| Viasat Inc(VSAT) | COM | 92552V100 | $39.2M | 1,138,000 | 1.4% |
| Commscope Hldg Co Inc(VISN) | COM | 20337X109 | $37.3M | 2,060,000 | 1.3% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $35.8M | 821,000 | 1.2% |
| Churchill Cap Corp XI | UNIT 12/10/2030 | G2131A124 | $35.7M | 3,500,000 | 1.2% |
| Phillips 66(PSX) | COM | 718546104 | $34.2M | 264,800 | 1.2% |
| Ashland Inc(ASH) | COM | 044186104 | $31.8M | 542,000 | 1.1% |
| Nextnav Inc(NN) | COMMON STOCK | 65345N106 | $31.4M | 1,886,000 | 1.1% |
| Treehouse Foods Inc(THS) | COM | 89469A104 | $31.1M | 1,320,000 | 1.1% |
| Nelnet Inc(NNI) | CL A | 64031N108 | $30.7M | 231,000 | 1.1% |
| MKS Inc. | NOTE 1.250% 6/0 | 55306NAB0 | $30.4M | $23,800,000 | 1.1% |
| Kenvue Inc(KVUE) | COM | 49177J102 | $29.9M | 1,732,000 | 1.0% |
| Churchill Capital Corp IX | CL A SHS | G21301109 | $28.0M | 2,633,582 | 1.0% |
| Pagerduty Inc | NOTE 1.500%10/1 | 69553PAD2 | $27.1M | $28,500,000 | 0.9% |
| Karbon Cap Partners Corp | UNIT 12/11/2030 | G5225W126 | $26.5M | 2,632,752 | 0.9% |
| ANI Pharmaceuticals Inc | NOTE 2.250% 9/0 | 00182CAC7 | $26.5M | $21,000,000 | 0.9% |
| IAC Inc(IAC) | COM NEW | 44891N208 | $26.5M | 677,000 | 0.9% |
| Qorvo Inc(QRVO) | COM | 74736K101 | $26.1M | 309,000 | 0.9% |
| Comcast Corp New(CMCSA) | CL A | 20030N101 | $26.0M | 868,700 | 0.9% |
| Novagold RES Inc(NG) | COM NEW | 66987E206 | $25.2M | 2,705,100 | 0.9% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $24.9M | 1,028,853 | 0.9% |
| Charles RIV Labs Intl Inc(CRL) | COM | 159864107 | $24.2M | 121,500 | 0.8% |
| Liberty Broadband Corp(LBRDA) | COM SER A | 530307107 | $24.1M | 500,000 | 0.8% |
| ON Semiconductor Corp | NOTE 0.500% 3/0 | 682189AU9 | $23.7M | $25,000,000 | 0.8% |
| Iqvia Hldgs Inc(IQV) | COM | 46266C105 | $23.6M | 104,650 | 0.8% |
| Mondelez Intl Inc(MDLZ) | CL A | 609207105 | $22.5M | 418,000 | 0.8% |
| Liberty Energy Inc(LBRT) | COM CL A | 53115L104 | $22.2M | 1,200,000 | 0.8% |
| Echostar Corp(SATS) | CL A | 278768106 | $20.5M | 189,000 | 0.7% |