Q3 2025 Holdings
Filed 2025-11-14 | 23 holdings | $810.5M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(HYG)Put | IBOXX HI YD ETF | 464288513 | $177.7M | 2,188,400 | 21.9% |
| Core Natural Resources Inc(CNR) | COM SHS | 218937100 | $153.4M | 1,838,121 | 18.9% |
| Brookdale SR Living Inc(BKD) | COM | 112463104 | $107.6M | 12,705,596 | 13.3% |
| Diversified Healthcare TR(DHC) | COM SH BEN INT | 25525P107 | $103.6M | 23,487,000 | 12.8% |
| Tesla Inc(TSLA)Put | COM | 88160R101 | $85.4M | 192,000 | 10.5% |
| Matson Inc(MATX) | COM | 57686G105 | $31.0M | 314,076 | 3.8% |
| Welltower Inc(WELL)Put | COM | 95040Q104 | $29.4M | 165,000 | 3.6% |
| JBS N.V.(JBS) | CL A SHS | N4732M103 | $22.9M | 1,531,689 | 2.8% |
| Teekay Corporation LTD(TK) | SHS | G8726T105 | $15.1M | 1,842,005 | 1.9% |
| Core Natural Resources Inc(CNR)Call | COM SHS | 218937100 | $12.6M | 150,400 | 1.5% |
| A-Mark Precious Metals Inc(GOLD) | COM | 00181T107 | $12.2M | 469,856 | 1.5% |
| Grifols S A(GRFS) | SP ADR REP B NVT | 398438408 | $10.9M | 1,098,527 | 1.4% |
| Affirm Hldgs Inc(AFRM)Put | COM CL A | 00827B106 | $10.9M | 149,000 | 1.3% |
| Industrial Logistics Pptys T(ILPT) | COM SHS BEN INT | 456237106 | $9.0M | 1,550,498 | 1.1% |
| Ardmore Shipping Corp(ASC) | COM | Y0207T100 | $8.1M | 680,426 | 1.0% |
| Eastman Kodak Co(KODK) | COM NEW | 277461406 | $8.0M | 1,240,582 | 1.0% |
| Civeo Corp CDA(CVEO) | COM NEW | 17878Y207 | $6.6M | 286,389 | 0.8% |
| Matson Inc(MATX)Put | COM | 57686G105 | $2.0M | 20,500 | 0.2% |
| Service Pptys TR(SVC) | COM SH BEN INT | 81761L102 | $1.5M | 558,889 | 0.2% |
| Fluor Corp New(FLR) | COM | 343412102 | $1.3M | 30,000 | 0.2% |
| Pangaea Logistics Solution L(PANL) | SHS | G6891L105 | $1.0M | 201,039 | 0.1% |
| Brookdale SR Living Inc | NOTE 2.000%10/1 | 112463AC8 | $365.6K | $315,000 | 0.0% |
| RMR Group Inc(RMR) | CL A | 74967R106 | $107.5K | 6,834 | 0.0% |