Q4 2025 Holdings
Filed 2026-02-12 | 25 holdings | $1.7B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Frontier Communications Pare(FYBR) | COM | 35909D109 | $796.3M | 20,916,439 | 47.4% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $221.5M | 2,008,514 | 13.2% |
| NRG Energy Inc(NRG) | COM NEW | 629377508 | $100.4M | 630,351 | 6.0% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $99.3M | 264,942 | 5.9% |
| Vistra Corp(VST) | COM | 92840M102 | $95.4M | 591,059 | 5.7% |
| Ally Finl Inc(ALLY) | COM | 02005N100 | $94.3M | 2,083,219 | 5.6% |
| Diebold Nixdorf Inc(DBD) | COM SHS | 253651202 | $53.5M | 787,312 | 3.2% |
| Enact Hldgs Inc(ACT) | COM | 29249E109 | $51.5M | 1,298,718 | 3.1% |
| Stealthgas Inc(GASS) | SHS | Y81669106 | $33.3M | 4,739,902 | 2.0% |
| Affirm Hldgs Inc(AFRM) | COM CL A | 00827B106 | $31.0M | 417,100 | 1.8% |
| Wesbanco Inc(WSBC) | COM | 950810101 | $30.2M | 909,091 | 1.8% |
| Chord Energy Corporation(CHRD) | COM NEW | 674215207 | $27.6M | 297,550 | 1.6% |
| Cinemark Hldgs Inc(CNK) | COM | 17243V102 | $12.1M | 519,125 | 0.7% |
| Beacon Financial Corp(BBT) | COM | 084680107 | $10.1M | 381,184 | 0.6% |
| National Cinemedia Inc(NCMI) | COM NEW | 635309206 | $6.5M | 1,678,903 | 0.4% |
| Five Point Holdings LLC(FPH) | COM CL A | 33833Q106 | $6.5M | 1,158,162 | 0.4% |
| NCR Atleos Corporation(NATL) | COM SHS | 63001N106 | $5.5M | 143,500 | 0.3% |
| Service Pptys TR(SVC) | COM SH BEN INT | 81761L102 | $1.3M | 692,346 | 0.1% |
| Traeger Inc(COOK) | COMMON STOCK | 89269P103 | $1.1M | 1,020,960 | 0.1% |
| Affirm Hldgs Inc | NOTE 11/1 | 00827BAB2 | $1.0M | $1,074,000 | 0.1% |
| Expand Energy Corporation(EXEEL) | W EXP 02/09/202 | 165167180 | $929.6K | 9,329 | 0.1% |
| The Beauty Health Company(SKIN) | COM CL A | 88331L108 | $885.4K | 636,954 | 0.1% |
| Diversified Energy Co(DEC) | COMMON STOCK | 25520W107 | $246.3K | 17,009 | 0.0% |
| Valaris LTD(VAL) | CL A | G9460G101 | $33.2K | 658 | 0.0% |
| EPR Pptys | PFD C CV 5.75% | 26884U208 | $22.2K | 1,000 | 0.0% |