Ares Systematic Credit Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Ares Systematic Credit Ltd reported 43 stock positions worth $21.7 million. Its top holding was Unity Software (U) at 4.0% of the portfolio, followed by Arrowhead Pharmaceuticals (ARWR, 3.5%) and Guidewire Software (GWRE, 3.3%). Compared with Q4 2025, it opened 16 new positions, sold out of 24, added to 9 and reduced 10. The biggest buy was a new position in Arrowhead Pharmaceuticals (ARWR) and the biggest sale an exit from Boeing (BA).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002135379
- Portfolio Value
- $21.7M (Q1 2026)
- SEC Filing
- 0001104659-26-062638 ↗ filed May 15, 2026
Holdings Value
Holdings 43 stocks · $21.7M
| U Unity Software Inc. | 4.00% | 42,291 | $869K | Add +155.0% |
| ARWR Arrowhead Pharmaceuticals Inc. | 3.49% | 13,169 | $759K | New |
| GWRE Guidewire Software Inc. | 3.34% | 5,005 | $725K | New |
| BE Bloom Energy Corp. Class A | 3.33% | 6,062 | $724K | Reduce -36.8% |
| FSLY Fastly Inc. Class A | 3.33% | 28,388 | $724K | Reduce -16.3% |
| COIN Coinbase Global Inc. Class A | 3.33% | 4,505 | $724K | Add +290.4% |
| NVAX Novavax Inc. | 3.33% | 89,537 | $724K | Reduce -20.3% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 3.28% | 15,296 | $712K | Add +36.5% |
| SNOW Snowflake Inc. | 3.27% | 4,623 | $710K | Add +34.8% |
| UPWK Upwork Inc. | 3.24% | 66,651 | $705K | Add +78.1% |
| BILL Bill Holdings Inc. | 3.22% | 18,818 | $701K | New |
| WK Workiva Inc. | 3.13% | 11,582 | $680K | New |
| DAVE Dave Inc. | 3.12% | 4,002 | $678K | New |
| DBX Dropbox Inc. Class A | 3.08% | 29,644 | $669K | Add +15.5% |
| XYZ Block Inc. | 3.02% | 11,518 | $657K | Add +101.2% |
| MKSI MKS Inc. | 3.02% | 3,115 | $656K | New |
| SMTC Semtech Corp. | 2.98% | 9,172 | $648K | Reduce -15.4% |
| HLF Herbalife Ltd. | 2.98% | 44,921 | $647K | New |
| DOCN Digitalocean Holdings Inc. | 2.95% | 8,190 | $641K | Reduce -51.1% |
| XMTR Xometry Inc. Class A | 2.78% | 16,129 | $603K | New |
| SYNA Synaptics Inc. | 2.52% | 8,433 | $549K | Add +85.7% |
| MTSI Macom Technology Solutions H | 2.49% | 2,589 | $542K | New |
| PRCH Porch Group Inc. | 2.48% | 78,227 | $540K | No change |
| ATRO Astronics Corp. | 2.13% | 7,433 | $463K | New |
| CRNC Cerence Inc. | 2.13% | 77,666 | $463K | Add +23.3% |
| FIVN FIVE9 Inc. | 2.12% | 31,262 | $462K | No change |
| DDOG Datadog Inc. Class A | 2.11% | 3,970 | $460K | Reduce -21.1% |
| ETSY Etsy Inc. | 2.09% | 9,562 | $454K | Reduce -33.2% |
| PTCT PTC Therapeutics Inc. | 1.87% | 6,196 | $407K | Reduce -34.9% |
| WULF Terawulf Inc. | 1.77% | 28,082 | $385K | New |
| WGO Winnebago Industries | 1.53% | 10,562 | $333K | New |
| COLL Collegium Pharmaceutical Inc. | 1.49% | 10,158 | $325K | No change |
| RIG Transocean Ltd. | 1.49% | 48,771 | $324K | New |
| W Wayfair Inc. Class A | 1.41% | 4,421 | $307K | Reduce -43.0% |
| PD Pagerduty Inc. | 1.37% | 48,454 | $298K | No change |
| AVT Avnet Inc. | 1.23% | 4,549 | $266K | New |
| PTON Peloton Interactive Inc. Class A | 1.10% | 59,757 | $239K | No change |
| XIFR XPLR Infrastructure LP | 1.05% | 22,578 | $228K | No change |
| AFRM Affirm Holdings Inc. | 0.94% | 4,752 | $204K | No change |
| ZS Zscaler Inc. | 0.87% | 1,385 | $190K | New |
| SOFI Sofi Technologies Inc. | 0.71% | 10,156 | $154K | Reduce -45.6% |
| LIF LIFE360 Inc. | 0.49% | 2,809 | $107K | No change |
| OKTA Okta Inc. | 0.38% | 1,083 | $82K | New |
Other holdings (107): bonds, preferreds, convertibles and warrants · $104.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | 4,600,000 | $4.2M | Add +7.0% |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | 3,500,000 | $4.2M | Add +75.0% |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | 4,700,000 | $4.1M | New |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | 3,800,000 | $3.8M | New |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 3,700,000 | $3.7M | Add +54.2% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 3,700,000 | $3.4M | Add +3600.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | 3,000,000 | $3.4M | Add +15.4% |
| MACOM TECH SOLUTIONS (MTSI 0 12/15/29) | NOTE 12/1 · principal | 2,000,000 | $2.8M | New |
| SUPER MICRO COMPUTER INC (SMCI 2.25 07/15/28) | NOTE 2.250% 7/1 · principal | 3,200,000 | $2.7M | New |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 2,500,000 | $2.3M | Reduce -40.5% |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 2,300,000 | $2.2M | Add +9.5% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 2,100,000 | $2.2M | New |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 2,300,000 | $2.2M | Add +35.3% |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | 1,600,000 | $2.2M | Reduce -36.0% |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | 1,900,000 | $2.1M | Reduce -5.0% |
| COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) | NOTE 1.625%11/1 · principal | 1,800,000 | $2.1M | Add +5.9% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 2,100,000 | $2.1M | Add +50.0% |
| LCI INDUSTRIES (LCII 3 03/01/30) | NOTE 3.000% 3/0 · principal | 1,700,000 | $2.0M | New |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | 2,300,000 | $2.0M | Add +2200.0% |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | 2,200,000 | $2.0M | Add +2100.0% |
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | NOTE 0.750% 3/1 · principal | 1,900,000 | $2.0M | New |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 2,200,000 | $2.0M | Reduce -51.1% |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | 1,700,000 | $1.9M | New |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | 1,400,000 | $1.9M | Reduce -12.5% |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 1,600,000 | $1.9M | Reduce -23.8% |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | 2,400,000 | $1.9M | New |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 1,900,000 | $1.9M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 1,600,000 | $1.8M | Reduce -30.4% |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 1,400,000 | $1.7M | Add +600.0% |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 200,000 | $1.3M | No change |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 1,300,000 | $1.3M | New |
| T1 ENERGY INC (TE 5.25 12/01/30) | NOTE 5.250%12/0 · principal | 1,000,000 | $1.2M | New |
| CERENCE INC (CRNC 1.5 07/01/28) | NOTE 1.500% 7/0 · principal | 1,200,000 | $1.1M | No change |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | 1,000,000 | $991K | New |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 1,000,000 | $951K | Add +900.0% |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 100,000 | $944K | No change |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | 1,000,000 | $917K | New |
| XOMETRY INC (XMTR 1 02/01/27) | NOTE 1.000% 2/0 · principal | 800,000 | $836K | No change |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 500,000 | $830K | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 13,142 | $814K | New |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | 800,000 | $802K | New |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 500,000 | $736K | Reduce -61.5% |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | 600,000 | $716K | Reduce -84.2% |
| GREEN PLAINS INC (GPRE 5.25 11/01/30 UNRS) | NOTE 5.250%11/0 · principal | 500,000 | $708K | Reduce -16.7% |
| UGI CORP (UGI 5 06/01/28) | NOTE 5.000% 6/0 · principal | 500,000 | $707K | No change |
| GROUPON INC (GRPN 6.25 03/15/27 *) | NOTE 6.250% 3/1 · principal | 700,000 | $697K | No change |
| GUARDANT HEALTH INC (GH 1.25 02/15/31) | DEBT 1.250% 2/1 · principal | 400,000 | $640K | Reduce -66.7% |
| GRANITE CONSTRUCTION INC (GVA 3.25 06/15/30) | NOTE 3.250% 6/1 · principal | 400,000 | $640K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 550 | $629K | New |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 11,035 | $618K | New |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 600,000 | $499K | Add +100.0% |
| ZIFF DAVIS INC (ZD 3.625 03/01/28) | DEBT 3.625% 3/0 · principal | 500,000 | $490K | New |
| BRIDGEBIO PHARMA INC (BBIO 1.75 03/01/31) | NOTE 1.750% 3/0 · principal | 300,000 | $486K | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 408 | $486K | New |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 6,813 | $480K | New |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 10,483 | $458K | New |
| PROGRESS SOFTWARE CORP (PRGS 3.5 03/01/30) | NOTE 3.500% 3/0 · principal | 500,000 | $451K | New |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 100,000 | $440K | No change |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 400,000 | $414K | No change |
| GUARDANT HEALTH INC (GH 0 11/15/27) | NOTE 11/1 · principal | 400,000 | $405K | Reduce -82.6% |
| SUPER MICRO COMPUTER INC (SMCI 3.5 03/01/29) | NOTE 3.500% 3/0 · principal | 500,000 | $394K | No change |
| RAMACO RESOURCES INC (METC 0 11/01/31) | NOTE 11/0 · principal | 500,000 | $386K | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 100,000 | $381K | No change |
| ETSY INC (ETSY 0.125 09/01/27) | NOTE 0.125% 9/0 · principal | 400,000 | $373K | Reduce -84.6% |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 7,200 | $365K | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 400,000 | $363K | Add +33.3% |
| DRAFTKINGS HOLDINGS INC (DKNG 0 03/15/28) | NOTE 3/1 · principal | 400,000 | $361K | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 5,880 | $318K | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 200,000 | $310K | Add +100.0% |
| SPHERE ENTERTAINMENT CO (SPHR 3.5 12/01/28) | NOTE 3.500%12/0 · principal | 100,000 | $307K | New |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 300,000 | $292K | Reduce -84.2% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 300,000 | $281K | No change |
| JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30) | NOTE 3.125% 9/1 · principal | 200,000 | $277K | Add +100.0% |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 100,000 | $256K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 50,000 | $250K | New |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 4,022 | $247K | New |
| SNOWFLAKE INC (SNOW 0 10/01/27) | NOTE 10/0 · principal | 200,000 | $239K | Reduce -91.3% |
| APPLIED DIGITAL CORP (APLD 2.75 06/01/30) | NOTE 2.750% 6/0 · principal | 100,000 | $235K | No change |
| CELCUITY INC (CELC 2.75 08/01/31) | NOTE 2.750% 8/0 · principal | 100,000 | $234K | New |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 200,000 | $234K | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 5,861 | $231K | New |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 100,000 | $223K | Reduce -90.0% |
| STRATEGY INC (MSTR 2.25 06/15/32) | NOTE 2.250% 6/1 · principal | 200,000 | $202K | No change |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 200,000 | $199K | No change |
| VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30) | NOTE 2.250% 9/1 · principal | 200,000 | $188K | Add +100.0% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 4,180 | $179K | New |
| STRATEGY INC (MSTR 0 03/01/30) | NOTE 3/0 · principal | 200,000 | $174K | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 100,000 | $164K | No change |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 923 | $129K | New |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 100,000 | $125K | No change |
| LEMAITRE VASCULAR INC (LMAT 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | 100,000 | $112K | No change |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 100,000 | $104K | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 100,000 | $102K | No change |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 100,000 | $98K | No change |
| MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30) | NOTE 0.750% 6/0 · principal | 100,000 | $98K | New |
| PACIRA BIOSCIENCES INC (PCRX 2.125 05/15/29) | NOTE 2.125% 5/1 · principal | 100,000 | $97K | Reduce -50.0% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 100,000 | $97K | No change |
| OMNICELL INC (OMCL 1 12/01/29) | NOTE 1.000%12/0 · principal | 100,000 | $97K | Reduce -95.0% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 100,000 | $95K | No change |
| SNAP INC (SNAP 0.125 03/01/28) | NOTE 0.125% 3/0 · principal | 100,000 | $91K | Reduce -50.0% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 100,000 | $91K | No change |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 100,000 | $90K | No change |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | 1,961 | $89K | New |
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 1,591 | $87K | New |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 1,265 | $66K | New |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 52,000 | $64K | Reduce -48.0% |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 774 | $40K | New |
Total filed on the 13F, all lines: $126.6M.
Portfolio Sells Q4 2025 → Q1 2026
| BA The Boeing Co. | Sold out | 0.00% | −3.53 |
| PI Impinj Inc. | Sold out | 0.00% | −3.19 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −3.13 |
| IONS Ionis Pharmaceuticals Inc. | Sold out | 0.00% | −3.03 |
| RNG Ringcentral Inc. Class A | Sold out | 0.00% | −2.97 |
| VIAV Viavi Solutions Inc. | Sold out | 0.00% | −2.88 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −2.58 |
| INVA Innoviva Inc. | Sold out | 0.00% | −2.41 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −2.35 |
| BAC Bank of America Corp. | Sold out | 0.00% | −1.97 |
| W Wayfair Inc. Class A | Reduce -43.0% | 1.41% | −1.59 |
| SOFI Sofi Technologies Inc. | Reduce -45.6% | 0.71% | −1.18 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −1.17 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −1.10 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −1.03 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −1.01 |
| AEIS Advanced Energy Industries | Sold out | 0.00% | −0.99 |
| ETSY Etsy Inc. | Reduce -33.2% | 2.09% | −0.97 |
| PTCT PTC Therapeutics Inc. | Reduce -34.9% | 1.87% | −0.92 |
| GRPN Groupon Inc. | Sold out | 0.00% | −0.92 |
| TRIP Tripadvisor Inc. | Sold out | 0.00% | −0.77 |
| BTSG Brightspring Health Services | Sold out | 0.00% | −0.73 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.66 |
| ALB Albemarle Corp. | Sold out | 0.00% | −0.59 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.55 |
| DDOG Datadog Inc. Class A | Reduce -21.1% | 2.11% | −0.53 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.49 |
| QXO Qxo Inc. | Sold out | 0.00% | −0.27 |
| DOCN Digitalocean Holdings Inc. | Reduce -51.1% | 2.95% | −0.16 |
| SMTC Semtech Corp. | Reduce -15.4% | 2.98% | −0.10 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −0.02 |
| BE Bloom Energy Corp. Class A | Reduce -36.8% | 3.33% | +0.11 |
| NVAX Novavax Inc. | Reduce -20.3% | 3.33% | +0.42 |
| FSLY Fastly Inc. Class A | Reduce -16.3% | 3.33% | +2.00 |
Portfolio Buys Q4 2025 → Q1 2026
| ARWR Arrowhead Pharmaceuticals Inc. | New | 3.49% | +3.49 |
| GWRE Guidewire Software Inc. | New | 3.34% | +3.34 |
| BILL Bill Holdings Inc. | New | 3.22% | +3.22 |
| WK Workiva Inc. | New | 3.13% | +3.13 |
| DAVE Dave Inc. | New | 3.12% | +3.12 |
| MKSI MKS Inc. | New | 3.02% | +3.02 |
| HLF Herbalife Ltd. | New | 2.98% | +2.98 |
| XMTR Xometry Inc. Class A | New | 2.78% | +2.78 |
| MTSI Macom Technology Solutions H | New | 2.49% | +2.49 |
| COIN Coinbase Global Inc. Class A | Add +290.4% | 3.33% | +2.32 |
| ATRO Astronics Corp. | New | 2.13% | +2.13 |
| WULF Terawulf Inc. | New | 1.77% | +1.77 |
| XYZ Block Inc. | Add +101.2% | 3.02% | +1.58 |
| WGO Winnebago Industries | New | 1.53% | +1.53 |
| RIG Transocean Ltd. | New | 1.49% | +1.49 |
| SYNA Synaptics Inc. | Add +85.7% | 2.52% | +1.23 |
| AVT Avnet Inc. | New | 1.23% | +1.23 |
| U Unity Software Inc. | Add +155.0% | 4.00% | +1.17 |
| ZS Zscaler Inc. | New | 0.87% | +0.87 |
| UPWK Upwork Inc. | Add +78.1% | 3.24% | +0.38 |
| OKTA Okta Inc. | New | 0.38% | +0.38 |
| SNOW Snowflake Inc. | Add +34.8% | 3.27% | +0.36 |
| DBX Dropbox Inc. Class A | Add +15.5% | 3.08% | +0.32 |
| QTWO Q2 Holdings Inc. | Add +36.5% | 3.28% | +0.15 |
| CRNC Cerence Inc. | Add +23.3% | 2.13% | −0.47 |
Notes & Other Activity Q4 2025 → Q1 2026
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | NOTE 2.250% 6/0 · principal | Add +7.0% | 4,600,000 | $4.2M |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | NOTE 4.375% 6/0 · principal | Add +75.0% | 3,500,000 | $4.2M |
| GLOBAL PAYMENTS INC (GPN 1.5 03/01/31) | NOTE 1.500% 3/0 · principal | New | 4,700,000 | $4.1M |
| PEABODY ENERGY CORP (BTU 3.25 03/01/28) | NOTE 3.250% 3/0 · principal | New | 3,800,000 | $3.8M |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | Add +54.2% | 3,700,000 | $3.7M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | Add +3600.0% | 3,700,000 | $3.4M |
| AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29) | NOTE 1.125% 2/1 · principal | Add +15.4% | 3,000,000 | $3.4M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Sold out | 3,400,000 | $3.3Mbefore exit |
| HAEMONETICS CORP (HAE 2.5 06/01/29) | NOTE 2.500% 6/0 · principal | Sold out | 2,700,000 | $2.8Mbefore exit |
| MACOM TECH SOLUTIONS (MTSI 0 12/15/29) | NOTE 12/1 · principal | New | 2,000,000 | $2.8M |
| SUPER MICRO COMPUTER INC (SMCI 2.25 07/15/28) | NOTE 2.250% 7/1 · principal | New | 3,200,000 | $2.7M |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | Sold out | 2,100,000 | $2.4Mbefore exit |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | Reduce -40.5% | 2,500,000 | $2.3M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Add +9.5% | 2,300,000 | $2.2M |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | Sold out | 2,200,000 | $2.2Mbefore exit |
| DYNAVAX TECHNOLOGIES CORP | DEBT 2.000% 3/1 · principal | Sold out | 2,100,000 | $2.2Mbefore exit |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | New | 2,100,000 | $2.2M |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | Add +35.3% | 2,300,000 | $2.2M |
| EVERGY INC (EVRG 4.5 12/15/27) | NOTE 4.500%12/1 · principal | Reduce -36.0% | 1,600,000 | $2.2M |
| SOUTHERN CO (SO 4.5 06/15/27) | NOTE 4.500% 6/1 · principal | Reduce -5.0% | 1,900,000 | $2.1M |
| COGENT BIOSCIENCES INC (COGT 1.625 11/15/31) | NOTE 1.625%11/1 · principal | Add +5.9% | 1,800,000 | $2.1M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +50.0% | 2,100,000 | $2.1M |
| LCI INDUSTRIES (LCII 3 03/01/30) | NOTE 3.000% 3/0 · principal | New | 1,700,000 | $2.0M |
| FIVE9 INC (FIVN 1 03/15/29) | NOTE 1.000% 3/1 · principal | Add +2200.0% | 2,300,000 | $2.0M |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | Sold out | 2,200,000 | $2.0Mbefore exit |
| WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30) | NOTE 3.250% 1/1 · principal | Add +2100.0% | 2,200,000 | $2.0M |
| IRHYTHM HOLDINGS INC (IRTC 1.5 09/01/29) | NOTE 1.500% 9/0 · principal | Sold out | 1,400,000 | $2.0Mbefore exit |
| ALPHATEC HOLDINGS INC (ATEC 0.75 03/15/30) | NOTE 0.750% 3/1 · principal | New | 1,900,000 | $2.0M |
| IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30) | NOTE 2.500% 2/0 · principal | Reduce -51.1% | 2,200,000 | $2.0M |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | NOTE 4.750% 6/1 · principal | New | 1,700,000 | $1.9M |
| NEXTERA ENERGY CAPITAL (NEE 3 03/01/27) | NOTE 3.000% 3/0 · principal | Reduce -12.5% | 1,400,000 | $1.9M |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | Reduce -23.8% | 1,600,000 | $1.9M |
| SNAP INC (SNAP 0.5 05/01/30) | NOTE 0.500% 5/0 · principal | New | 2,400,000 | $1.9M |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | New | 1,900,000 | $1.9M |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | Reduce -30.4% | 1,600,000 | $1.8M |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | Add +600.0% | 1,400,000 | $1.7M |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | New | 1,300,000 | $1.3M |
| T1 ENERGY INC (TE 5.25 12/01/30) | NOTE 5.250%12/0 · principal | New | 1,000,000 | $1.2M |
| ARROWHEAD RESEARCH CORP (ARWR 0 01/15/32) | NOTE 1/1 · principal | New | 1,000,000 | $991K |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | Add +900.0% | 1,000,000 | $951K |
| BRIDGEBIO PHARMA INC (BBIO 2.5 03/15/27) | NOTE 2.500% 3/1 · principal | Sold out | 500,000 | $948Kbefore exit |
| BOX INC (BOX 1.5 09/15/29) | NOTE 1.500% 9/1 · principal | New | 1,000,000 | $917K |
| PAGERDUTY INC. (PD 1.5 10/15/28 *) | NOTE 1.500%10/1 · principal | Sold out | 900,000 | $863Kbefore exit |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | New | 500,000 | $830K |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 13,142 | $814K |
| CAPITAL SOUTHWEST CORP (CSWC 5.125 11/15/29) | NOTE 5.125%11/1 · principal | New | 800,000 | $802K |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | Reduce -61.5% | 500,000 | $736K |
| SOLARIS ENERGY INFRASTRU (SEI 0.25 10/01/31) | NOTE 0.250%10/0 · principal | Reduce -84.2% | 600,000 | $716K |
| GREEN PLAINS INC (GPRE 5.25 11/01/30 UNRS) | NOTE 5.250%11/0 · principal | Reduce -16.7% | 500,000 | $708K |
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | Sold out | 600,000 | $682Kbefore exit |
Showing the first 50 of 105.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.