Q1 2026 Holdings
Filed 2026-05-15 | 39 holdings | $920.4M | 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 | $207.7M | 2,610,700 | 22.6% |
| Diversified Healthcare TR(DHC) | COM SH BEN INT | 25525P107 | $156.0M | 23,487,002 | 16.9% |
| Royal BK CDA(RY)Put | COM | 780087102 | $48.5M | 300,000 | 5.3% |
| Pepsico Inc(PEP)Put | COM | 713448108 | $45.8M | 295,000 | 5.0% |
| Canadian Imperial Bank of Co(CM)Put | COM | 136069101 | $42.9M | 452,500 | 4.7% |
| Marriott Intl Inc New(MAR)Put | CL A | 571903202 | $39.9M | 121,900 | 4.3% |
| Hilton Worldwide Hldgs Inc(HLT)Put | COM | 43300A203 | $35.1M | 115,500 | 3.8% |
| Brookdale SR Living Inc(BKD) | COM | 112463104 | $32.7M | 2,391,526 | 3.6% |
| Toronto Dominion BK ONT(TD)Put | COM NEW | 891160509 | $28.2M | 302,500 | 3.1% |
| Royal Caribbean Group(RCL)Put | COM | V7780T103 | $24.6M | 89,500 | 2.7% |
| Bank Montreal Medium(BMO)Put | COM | 063671101 | $22.9M | 169,500 | 2.5% |
| Carvana Co(CVNA)Put | CL A | 146869102 | $22.8M | 72,600 | 2.5% |
| Teekay Corporation LTD(TK) | SHS | G8726T105 | $19.8M | 1,622,766 | 2.2% |
| Spdr Series Trust(KIE)Put | STATE STREET SPD | 78464A789 | $16.4M | 297,600 | 1.8% |
| Ardmore Shipping Corp(ASC) | COM | Y0207T100 | $15.3M | 1,004,696 | 1.7% |
| Howard Hughes Holdings Inc(HHH) | COM | 44267T102 | $13.6M | 215,288 | 1.5% |
| MGM Resorts International(MGM)Put | COM | 552953101 | $13.3M | 360,000 | 1.4% |
| RMR Group Inc(RMR) | CL A | 74967R106 | $12.4M | 802,739 | 1.3% |
| Tesla Inc(TSLA)Put | COM | 88160R101 | $11.9M | 32,000 | 1.3% |
| Grifols S A(GRFS) | SP ADR REP B NVT | 398438408 | $11.0M | 1,372,394 | 1.2% |
| Ishares TR(IYR)Put | U.S. REAL ES ETF | 464287739 | $10.4M | 110,000 | 1.1% |
| Core Natural Resources Inc(CNR)Call | SHSCOM | 218937100 | $9.9M | 95,000 | 1.1% |
| Civeo Corp CDA(CVEO) | COM NEW | 17878Y207 | $9.2M | 347,240 | 1.0% |
| Performance Food Group Co(PFGC)Put | COM | 71377A103 | $8.6M | 100,000 | 0.9% |
| I-80 Gold Corp(IAUX) | COM | 44955L106 | $8.4M | 5,542,640 | 0.9% |
| Welltower Inc(WELL)Put | COM | 95040Q104 | $8.2M | 41,300 | 0.9% |
| Industrial Logistics Pptys T(ILPT) | COM SHS BEN INT | 456237106 | $8.2M | 1,435,087 | 0.9% |
| Grand Canyon ED Inc(LOPE)Put | COM | 38526M106 | $6.8M | 40,000 | 0.7% |
| Ventas Inc(VTR)Put | COM | 92276F100 | $5.4M | 66,500 | 0.6% |
| Core Natural Resources Inc(CNR) | SHSCOM | 218937100 | $4.7M | 44,965 | 0.5% |
| Summit Midstream Corporation(SMC) | COM | 86614G101 | $3.8M | 124,278 | 0.4% |
| Seven Hills Realty Trust(SEVN) | COM | 81784E101 | $3.6M | 433,192 | 0.4% |
| Ryman Hospitality Pptys Inc(RHP)Put | COM | 78377T107 | $3.0M | 32,500 | 0.3% |
| RED Rock Resorts Inc(RRR)Put | CL A | 75700L108 | $2.9M | 55,000 | 0.3% |
| Perdoceo ED Corp(PRDO)Put | COM | 71363P106 | $2.8M | 74,800 | 0.3% |
| Strategic ED Inc(STRA)Put | COM | 86272C103 | $1.7M | 20,000 | 0.2% |
| Service Pptys TR(SVC) | COM SH BEN INT | 81761L102 | $1.2M | 852,490 | 0.1% |
| Brookdale SR Living Inc | NOTE 2.000%10/1 | 112463AC8 | $536.1K | $315,000 | 0.1% |
| Caretrust REIT Inc(CTRE)Put | COM | 14174T107 | $274.9K | 7,500 | 0.0% |