Q2 2025 Holdings
Filed 2025-08-14 | 147 holdings | $3.7B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Microstrategy Inc | NOTE 2.250% 6/1 | 594972AN1 | $418.6M | $194,546,000 | 11.3% |
| Invesco QQQ TR(QQQ) | UNIT SER 1 | 46090E103 | $371.8M | 673,923 | 10.1% |
| Microstrategy Inc(MSTR)Put | CL A NEW | 594972408 | $269.1M | 665,800 | 7.3% |
| Taiwan Semiconductor MFG LTD(TSM)Put | SPONSORED ADS | 874039100 | $243.5M | 1,075,000 | 6.6% |
| Taiwan Semiconductor MFG LTD(TSM) | SPONSORED ADS | 874039100 | $243.5M | 1,075,000 | 6.6% |
| Nike Inc(NKE) | CL B | 654106103 | $103.0M | 1,450,000 | 2.8% |
| Nike Inc(NKE)Put | CL B | 654106103 | $103.0M | 1,450,000 | 2.8% |
| Pfizer Inc(PFE)Put | COM | 717081103 | $100.1M | 4,130,000 | 2.7% |
| Pfizer Inc(PFE) | COM | 717081103 | $100.1M | 4,130,000 | 2.7% |
| First Solar Inc(FSLR) | COM | 336433107 | $99.3M | 600,000 | 2.7% |
| First Solar Inc(FSLR)Put | COM | 336433107 | $99.3M | 600,000 | 2.7% |
| Intel Corp(INTC)Put | COM | 458140100 | $98.8M | 4,410,000 | 2.7% |
| Intel Corp(INTC) | COM | 458140100 | $98.8M | 4,410,000 | 2.7% |
| Semtech Corp | NOTE 4.000%11/0 | 816850AH4 | $97.2M | $42,000,000 | 2.6% |
| PDD Holdings Inc(PDD) | SPONSORED ADS | 722304102 | $89.0M | 850,000 | 2.4% |
| PDD Holdings Inc(PDD)Put | SPONSORED ADS | 722304102 | $89.0M | 850,000 | 2.4% |
| Shift4 Pmts Inc | 6 SER A CNV PREF | 82452J307 | $81.5M | 707,300 | 2.2% |
| Nextnav Inc(NN) | COMMON STOCK | 65345N106 | $73.3M | 4,822,541 | 2.0% |
| Spdr Series Trust(XRT) | S&P RETAIL ETF | 78464A714 | $73.2M | 950,000 | 2.0% |
| Porch Group Inc | DEBT 9.000% 5/1 | 733245AD6 | $70.8M | $56,400,000 | 1.9% |
| Barrick MNG Corp(B)Put | COM SHS | 06849F108 | $52.1M | 2,500,000 | 1.4% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $52.1M | 2,500,000 | 1.4% |
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $51.9M | 84,000 | 1.4% |
| Mara Holdings Inc(MARA)Put | COM | 565788106 | $50.2M | 3,200,000 | 1.4% |
| Boeing Co(BA) | DEP CONV PFD A | 097023204 | $45.9M | 675,000 | 1.2% |
| Rivian Automotive Inc | NOTE 3.625%10/1 | 76954AAD5 | $45.1M | $49,963,000 | 1.2% |
| Spdr S&P 500 ETF TR(SPY) | TR UNIT | 78462F103 | $43.2M | 69,873 | 1.2% |
| Nextera Energy Inc(NEEPS) | UNIT 06/01/2027 | 65339F663 | $31.8M | 675,000 | 0.9% |
| Nextera Energy Inc | UNIT 09/01/2025 | 65339F713 | $29.8M | 750,000 | 0.8% |
| QXO Inc | 5.50 DEP PFD | 82846H504 | $26.7M | 430,000 | 0.7% |
| Hewlett Packard Enterprise C(HPEPC) | 7.625 MAND CONV | 42824C208 | $24.4M | 414,936 | 0.7% |
| PG&E Corp | PFD CONV SER A | 69331C306 | $19.0M | 505,000 | 0.5% |
| Deutsche Bank A G | NAMEN AKT | D18190898 | $18.1M | 617,100 | 0.5% |
| Cloudflare Inc(NET) | CL A COM | 18915M107 | $16.0M | 81,790 | 0.4% |
| Nextera Energy Inc | UNIT 11/01/2027 | 65339F119 | $15.5M | 350,000 | 0.4% |
| Purecycle Technologies Inc | NOTE 7.250% 8/1 | 74623VAB9 | $15.4M | $12,331,000 | 0.4% |
| Northern Oil & Gas Inc | NOTE 3.625% 4/1 | 665531AJ8 | $13.9M | $13,276,000 | 0.4% |
| Rubrik Inc.(RBRK) | CL A | 781154109 | $13.5M | 150,413 | 0.4% |
| Service Pptys TR(SVC) | COM SH BEN INT | 81761L102 | $11.2M | 4,700,473 | 0.3% |
| Wolfspeed Inc | NOTE 1.875%12/0 | 977852AD4 | $11.2M | $45,131,000 | 0.3% |
| Rivian Automotive Inc(RIVN)Put | COM CL A | 76954A103 | $10.3M | 750,000 | 0.3% |
| Apollo Global Mgmt Inc | SER A MAND CNV | 03769M304 | $9.4M | 125,000 | 0.3% |
| Cyberark Software LTD | SHS | M2682V108 | $8.8M | 21,600 | 0.2% |
| Chart Inds Inc | 6.75DP CNV PFD B | 16115Q407 | $8.5M | 140,397 | 0.2% |
| Centerpoint Energy Inc | NOTE 4.250% 8/1 | 15189TBD8 | $7.8M | $7,193,000 | 0.2% |
| Semler Scientific Inc(SMLR) | COM | 81684M104 | $7.0M | 181,494 | 0.2% |
| Community Health SYS Inc New(CYH) | COM | 203668108 | $6.8M | 1,989,278 | 0.2% |
| NIO Inc | NOTE 4.625%10/1 | 62914VAK2 | $6.8M | $10,550,000 | 0.2% |
| Vanguard Index FDS(VTI) | TOTAL STK MKT | 922908769 | $6.6M | 21,775 | 0.2% |
| Paramount Global(0VVB) | CLASS B COM | 92556H206 | $6.5M | 505,357 | 0.2% |