Q3 2025 Holdings
Filed 2025-11-12 | 24 holdings | $1.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Frontier Communications Pare(FYBR) | COM | 35909D109 | $902.3M | 24,158,619 | 49.2% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $226.4M | 2,132,354 | 12.3% |
| Vistra Corp(VST) | COM | 92840M102 | $128.7M | 656,732 | 7.0% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $112.7M | 264,942 | 6.1% |
| NRG Energy Inc(NRG) | COM NEW | 629377508 | $102.1M | 630,351 | 5.6% |
| Ally Finl Inc(ALLY) | COM | 02005N100 | $91.7M | 2,338,333 | 5.0% |
| Diebold Nixdorf Inc(DBD) | COM SHS | 253651202 | $67.2M | 1,178,344 | 3.7% |
| Enact Hldgs Inc(ACT) | COM | 29249E109 | $49.8M | 1,298,718 | 2.7% |
| Stealthgas Inc(GASS) | SHS | Y81669106 | $32.0M | 4,883,048 | 1.7% |
| Affirm Hldgs Inc(AFRM) | COM CL A | 00827B106 | $30.5M | 417,100 | 1.7% |
| Chord Energy Corporation(CHRD) | COM NEW | 674215207 | $29.6M | 297,550 | 1.6% |
| Wesbanco Inc(WSBC) | COM | 950810101 | $29.0M | 909,091 | 1.6% |
| Five Point Holdings LLC(FPH) | COM CL A | 33833Q106 | $7.9M | 1,289,375 | 0.4% |
| National Cinemedia Inc(NCMI) | COM NEW | 635309206 | $7.6M | 1,678,903 | 0.4% |
| NCR Atleos Corporation(NATL) | COM SHS | 63001N106 | $5.6M | 143,500 | 0.3% |
| Beacon Financial Corp.(BBT) | COM | 084680107 | $4.1M | 172,413 | 0.2% |
| Service Pptys TR(SVC) | COM SH BEN INT | 81761L102 | $1.9M | 692,346 | 0.1% |
| The Beauty Health Company(SKIN) | COM CL A | 88331L108 | $1.3M | 636,954 | 0.1% |
| Traeger Inc(COOK) | COMMON STOCK | 89269P103 | $1.2M | 1,020,960 | 0.1% |
| Affirm Hldgs Inc | NOTE 11/1 | 00827BAB2 | $1.0M | $1,074,000 | 0.1% |
| Orion Office REIT Inc(ONL) | COM | 68629Y103 | $970.8K | 359,563 | 0.1% |
| Gohealth Inc(GOCO) | CL A NEW | 38046W204 | $206.0K | 42,745 | 0.0% |
| Valaris LTD(VAL) | CL A | G9460G101 | $32.1K | 658 | 0.0% |
| EPR Pptys | PFD C CV 5.75% | 26884U208 | $25.4K | 1,000 | 0.0% |