Q3 2025 Holdings
Filed 2025-11-14 | 33 holdings | $4.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $3.1B | 4,700,000 | 72.3% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $238.5M | 560,743 | 5.5% |
| Telephone & Data SYS Inc(TDS) | COM NEW | 879433829 | $144.4M | 3,680,500 | 3.3% |
| Viasat Inc(VSAT)Call | COM | 92552V100 | $78.7M | 2,685,000 | 1.8% |
| Viasat Inc(VSAT) | COM | 92552V100 | $75.4M | 2,572,692 | 1.7% |
| Centuri Holdings Inc(CTRI) | COM SHS | 155923105 | $64.6M | 3,052,817 | 1.5% |
| Brookdale SR Living Inc(BKD) | COM | 112463104 | $60.4M | 7,127,737 | 1.4% |
| Echostar Corp | NOTE 3.875%11/3 | 278768AB2 | $58.4M | 23,728,496 | 1.3% |
| Cannae Hldgs Inc(CNNE) | COM | 13765N107 | $58.4M | 3,189,027 | 1.3% |
| Echostar Corp(SATS) | CL A | 278768106 | $47.7M | 625,000 | 1.1% |
| Expand Energy Corporation(EXEEL) | *W EXP 02/09/202 | 165167180 | $43.8M | 456,802 | 1.0% |
| Sphere Entertainment Co | NOTE 3.500%12/0 | 55826TAB8 | $38.2M | 20,200,000 | 0.9% |
| GEO Group Inc New(GEO)Call | COM | 36162J106 | $35.9M | 1,750,000 | 0.8% |
| Transocean Inc | DEB 4.000%12/1 | 893830BT5 | $23.7M | 23,625,000 | 0.5% |
| Echostar Corp(SATS)Call | CL A | 278768106 | $22.9M | 300,000 | 0.5% |
| Commscope Hldg Co Inc(VISN) | COM | 20337X109 | $20.4M | 1,316,023 | 0.5% |
| Diversified Healthcare TR(DHC) | COM SH BEN INT | 25525P107 | $20.1M | 4,561,748 | 0.5% |
| Jefferies Finl Group Inc(JEF)Call | COM | 47233W109 | $19.6M | 300,000 | 0.5% |
| Jefferies Finl Group Inc(JEF)Put | COM | 47233W109 | $16.4M | 250,000 | 0.4% |
| GEO Group Inc New(GEO) | COM | 36162J106 | $15.4M | 750,000 | 0.4% |
| Altice USA Inc(OPTU) | CL A | 02156K103 | $13.9M | 5,768,682 | 0.3% |
| Global Business Travel Group(GBTG) | COM CL A | 37890B100 | $13.8M | 1,705,039 | 0.3% |
| WW Intl Inc(WW) | COM NEW | 98262P200 | $12.2M | 446,615 | 0.3% |
| Kohls Corp(KSS)Put | COM | 500255104 | $11.5M | 750,000 | 0.3% |
| Camden Ppty TR(CPT) | SH BEN INT | 133131102 | $10.2M | 95,936 | 0.2% |
| Equity Residential(EQR) | SH BEN INT | 29476L107 | $9.9M | 152,549 | 0.2% |
| Avalonbay Cmntys Inc(AVB) | COM | 053484101 | $9.9M | 51,047 | 0.2% |
| UDR Inc(UDR) | COM | 902653104 | $9.6M | 258,116 | 0.2% |
| Caesars Entertainment Inc NE(CZR) | COM | 12769G100 | $6.7M | 248,173 | 0.2% |
| Mid-Amer APT Cmntys Inc(MAA) | COM | 59522J103 | $6.0M | 43,184 | 0.1% |
| Essex Ppty TR Inc(ESS) | COM | 297178105 | $5.9M | 21,947 | 0.1% |
| Brookdale SR Living Inc | NOTE 2.000%10/1 | 112463AC8 | $2.3M | 2,000,000 | 0.1% |
| Valaris LTD | *W EXP 04/29/202 | G9460G119 | $1.9M | 687,260 | 0.0% |