BlueCrest Capital Management Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), BlueCrest Capital Management Ltd reported 60 stock positions worth $199.1 million. Its top holding was Criteo SA-Spon (CRTO) at 39.8% of the portfolio, followed by Rithm Capital (RITM, 12.0%) and iShares JP Morgan Usd Emergi (EMB, 5.6%). Compared with Q4 2023, it opened 17 new positions, sold out of 51, added to 9 and reduced 30. The biggest buy was Rithm Capital (RITM, shares +1%) and the biggest sale an exit from Kranesh Csi China Internet (KWEB).
- Most Recent 13F
- Q2 2026
- Location
- ST HELIER, Y9
- CIK
- 0001610880
- Portfolio Value
- $199.1M (Q1 2024)
- SEC Filing
- 0000905148-24-001423 ↗ filed May 15, 2024
Holdings Value
Holdings 60 stocks · $199.1M
| CRTO Criteo SA-Spon | 39.81% | 2,260,000 | $79.3M | No change |
| RITM Rithm Capital Corp. | 11.97% | 2,134,661 | $23.8M | Add +1.0% |
| EMB iShares JP Morgan Usd Emergi | 5.63% | 125,000 | $11.2M | Reduce -53.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.53% | 21,063 | $11.0M | Reduce -13.6% |
| XLF SS Financial Select Sector | 3.81% | 180,011 | $7.6M | Add +104.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 3.17% | 81,247 | $6.3M | Reduce -38.8% |
| CWB SS SPDR BB Conv Sec ETF | 2.17% | 59,190 | $4.3M | New |
| XLV SS Health Care Select Sector | 1.91% | 25,781 | $3.8M | New |
| XLY SS Consumer Disc Select Sect | 1.88% | 20,382 | $3.7M | New |
| XLK SS Technology Select Sector | 1.87% | 17,831 | $3.7M | New |
| COOP Mr Cooper Group Inc. | 1.41% | 35,948 | $2.8M | Reduce -74.5% |
| GDX Vaneck Gold Miners ETF | 1.30% | 82,023 | $2.6M | New |
| PFE Pfizer Inc. | 1.21% | 87,036 | $2.4M | Reduce -83.3% |
| INDA iShares MSCI India ETF | 1.19% | 46,000 | $2.4M | New |
| BA The Boeing Co. | 1.00% | 10,358 | $2.0M | Add +347.4% |
| XLE SS Energy Select Sector | 0.97% | 20,472 | $1.9M | Reduce -55.3% |
| MFA Mfa Financial Inc. | 0.96% | 167,160 | $1.9M | No change |
| UNH Unitedhealth Group Inc. | 0.84% | 3,387 | $1.7M | Reduce -67.8% |
| SPHY SS SPDR P High Yield ETF | 0.84% | 70,966 | $1.7M | New |
| NKE Nike Inc. Class B | 0.83% | 17,514 | $1.6M | Add +83.3% |
| JNJ Johnson & Johnson | 0.82% | 10,366 | $1.6M | Reduce -69.7% |
| EXAS Exact Sciences Corp. | 0.82% | 23,700 | $1.6M | New |
| RDDT Reddit Inc. Class A | 0.74% | 30,000 | $1.5M | New |
| LMBS First Trust Low Duration Opp | 0.74% | 30,600 | $1.5M | Reduce -0.2% |
| UPS United Parcel Service Class B | 0.68% | 9,055 | $1.3M | Add +14.5% |
| BRNS Barinthus Biotherapeutics PL | 0.65% | 542,673 | $1.3M | No change |
| DXCM Dexcom Inc. | 0.63% | 9,000 | $1.2M | New |
| ADBE Adobe Inc. | 0.46% | 1,813 | $915K | New |
| BKLN Invesco Senior Loan ETF | 0.45% | 42,000 | $888K | Add +0.5% |
| WBD Warner Bros Discovery Inc. | 0.39% | 90,000 | $786K | New |
| PEP Pepsico Inc. | 0.33% | 3,783 | $662K | Reduce -84.3% |
| MCD McDonald's Corp. | 0.30% | 2,087 | $588K | Reduce -38.5% |
| IBIT iShares Bitcoin Trust ETF | 0.29% | 14,296 | $579K | New |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.29% | 120,800 | $569K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.27% | 4,000 | $544K | Add +100.0% |
| SBUX Starbucks Corp. | 0.25% | 5,438 | $497K | New |
| ON On Semiconductor | 0.24% | 6,500 | $478K | New |
| AMT American Tower Corp. | 0.23% | 2,337 | $462K | Add +35.6% |
| PG The Procter & Gamble Co. | 0.23% | 2,811 | $456K | Reduce -91.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.22% | 3,501 | $428K | Reduce -82.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.21% | 7,743 | $424K | Reduce -70.4% |
| AMGN Amgen Inc. | 0.19% | 1,336 | $380K | Reduce -54.5% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 6,364 | $345K | Reduce -89.2% |
| T AT&T Inc. | 0.16% | 17,900 | $315K | Reduce -61.1% |
| BMBL Bumble Inc. Class A | 0.14% | 25,000 | $284K | New |
| CRM Salesforce Inc. | 0.14% | 927 | $279K | Reduce -80.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 614 | $258K | Reduce -96.7% |
| JPM JPMorgan Chase & Co. | 0.13% | 1,285 | $257K | Reduce -91.0% |
| KO The Coca-Cola Co. | 0.13% | 4,138 | $253K | Reduce -90.7% |
| MSFT Microsoft Corp. | 0.13% | 600 | $252K | No change |
| XOM Exxon Mobil Corp. | 0.13% | 2,145 | $249K | Reduce -96.8% |
| WMT Walmart Inc. | 0.12% | 4,056 | $244K | Reduce -93.9% |
| VZ Verizon Communications Inc. | 0.12% | 5,708 | $240K | Reduce -80.8% |
| GOOGL Alphabet Inc. Class A | 0.11% | 1,500 | $226K | Reduce -85.3% |
| NOW ServiceNow Inc. | 0.11% | 291 | $222K | Reduce -61.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.11% | 2,600 | $217K | Add +0.3% |
| SPGI S&P Global Inc. | 0.11% | 510 | $217K | Reduce -17.1% |
| COP Conocophillips | 0.11% | 1,653 | $210K | Reduce -87.7% |
| URA Global X Uranium ETF | 0.10% | 7,200 | $208K | Reduce -94.5% |
| ORCL Oracle Corp. | 0.10% | 1,648 | $207K | Reduce -94.8% |
Options reported separately and not counted above: GLD calls ($205.7M), EEM puts ($205.4M), GLD puts ($195.4M), LQD puts ($177.0M), QQQ calls ($88.8M), HYG puts ($87.4M), EMB puts ($40.4M), HYG calls ($38.9M), NVDA calls ($29.1M), SPY puts ($26.2M), MSFT calls ($24.9M), AMZN calls ($21.5M), and 103 more.
Other holdings (31): bonds, preferreds, convertibles and warrants · $223.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | 17,522,000 | $47.7M | Reduce -14.5% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 402,868 | $23.8M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 12,340,000 | $13.0M | No change |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 11,500,000 | $12.2M | No change |
| BROGW Brooge Holdings Ltd. | *W EXP 12/20/202 | 66,899 | $11.1M | Reduce -99.4% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 11,087,000 | $10.0M | Add +35.2% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 150,490 | $9.6M | Reduce -52.4% |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 6,500,000 | $9.4M | Reduce -40.9% |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 9,382,000 | $9.1M | Reduce -29.3% |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | 5,500,000 | $8.0M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 8,384,000 | $8.0M | New |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 5,166,000 | $7.5M | New |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | 5,500,000 | $6.9M | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 84,597 | $5.4M | Reduce -13.2% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 4,139,000 | $5.4M | Add +12.9% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 9,000,000 | $5.1M | Reduce -60.7% |
| VWEWQ Vintage Wine Estates -CW27 | *W EXP 06/08/202 | 41,037 | $4.5M | Reduce -99.3% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 5,000,000 | $4.4M | Add +900.0% |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | 4,187,000 | $4.3M | Reduce -8.7% |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 4,450,000 | $4.2M | New |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | 1,954,000 | $2.6M | Reduce -67.2% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 48,270 | $2.2M | New |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | 4,000,000 | $2.1M | New |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | 2,000,000 | $2.0M | New |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | 4,100,000 | $1.9M | New |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 1,500,000 | $1.4M | New |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | 1,450,000 | $599K | Reduce -83.9% |
| INNOVATE CORP (VATE 7.5 08/01/26 *) | NOTE 7.500% 8/0 · principal | 1,383,000 | $484K | No change |
| RBC BEARINGS INC (RBC 5 10/15/24 A) | 5% CNV PFD SR A | 3,729 | $455K | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 7,395 | $288K | Reduce -97.9% |
| CLARIVATE PLC (CLVT 5.25 06/01/24 A) | 5.25% PFD CONV A | 8,592 | $255K | Reduce -70.3% |
Total filed on the 13F, all lines: $422.6M.
Portfolio Sells Q4 2023 → Q1 2024
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −13.12 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −3.43 |
| PFE Pfizer Inc. | Reduce -83.3% | 1.21% | −2.76 |
| MTBA Simplify MBS ETF | Sold out | 0.00% | −2.68 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −2.15 |
| MTD Mettler-Toledo International | Sold out | 0.00% | −2.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -96.7% | 0.13% | −1.64 |
| XOM Exxon Mobil Corp. | Reduce -96.8% | 0.13% | −1.64 |
| CVX Chevron Corp. | Sold out | 0.00% | −1.09 |
| PG The Procter & Gamble Co. | Reduce -91.6% | 0.23% | −1.08 |
| COOP Mr Cooper Group Inc. | Reduce -74.5% | 1.41% | −1.03 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.94 |
| FLOT iShares Floating Rate Bond E | Sold out | 0.00% | −0.91 |
| URA Global X Uranium ETF | Reduce -94.5% | 0.10% | −0.86 |
| WMT Walmart Inc. | Reduce -93.9% | 0.12% | −0.80 |
| ORCL Oracle Corp. | Reduce -94.8% | 0.10% | −0.79 |
| PEP Pepsico Inc. | Reduce -84.3% | 0.33% | −0.75 |
| EMB iShares JP Morgan Usd Emergi | Reduce -53.7% | 5.63% | −0.74 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.69 |
| RTX RTX Corp. | Sold out | 0.00% | −0.68 |
| AGNC AGNC Investment Corp. | Sold out | 0.00% | −0.66 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.65 |
| BMY Bristol-Myers Squibb Co. | Reduce -89.2% | 0.17% | −0.63 |
| UNH Unitedhealth Group Inc. | Reduce -67.8% | 0.84% | −0.63 |
| AES AES Corp. | Sold out | 0.00% | −0.61 |
| EWT iShares MSCI Taiwan ETF | Sold out | 0.00% | −0.61 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.61 |
| JNJ Johnson & Johnson | Reduce -69.7% | 0.82% | −0.60 |
| KO The Coca-Cola Co. | Reduce -90.7% | 0.13% | −0.57 |
| JPM JPMorgan Chase & Co. | Reduce -91.0% | 0.13% | −0.52 |
| ARKK ARK Innovation ETF | Sold out | 0.00% | −0.51 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.43 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.42 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.39 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.38 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.36 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.36 |
| PM Philip Morris International | Sold out | 0.00% | −0.35 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.32 |
| COP Conocophillips | Reduce -87.7% | 0.11% | −0.31 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.28 |
| GOOGL Alphabet Inc. Class A | Reduce -85.3% | 0.11% | −0.26 |
| DIS The Walt Disney Co. | Reduce -82.4% | 0.22% | −0.26 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.25 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.25 |
| DE Deere & Co. | Sold out | 0.00% | −0.23 |
| HUM Humana Inc. | Sold out | 0.00% | −0.23 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.23 |
| EWW iShares MSCI Mexico ETF | Sold out | 0.00% | −0.22 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.20 |
Portfolio Buys Q4 2023 → Q1 2024
| RITM Rithm Capital Corp. | Add +1.0% | 11.97% | +5.99 |
| XLF SS Financial Select Sector | Add +104.6% | 3.81% | +2.93 |
| CWB SS SPDR BB Conv Sec ETF | New | 2.17% | +2.17 |
| XLV SS Health Care Select Sector | New | 1.91% | +1.91 |
| XLY SS Consumer Disc Select Sect | New | 1.88% | +1.88 |
| XLK SS Technology Select Sector | New | 1.87% | +1.87 |
| GDX Vaneck Gold Miners ETF | New | 1.30% | +1.30 |
| INDA iShares MSCI India ETF | New | 1.19% | +1.19 |
| BA The Boeing Co. | Add +347.4% | 1.00% | +0.84 |
| SPHY SS SPDR P High Yield ETF | New | 0.84% | +0.84 |
| EXAS Exact Sciences Corp. | New | 0.82% | +0.82 |
| RDDT Reddit Inc. Class A | New | 0.74% | +0.74 |
| DXCM Dexcom Inc. | New | 0.63% | +0.63 |
| NKE Nike Inc. Class B | Add +83.3% | 0.83% | +0.55 |
| ADBE Adobe Inc. | New | 0.46% | +0.46 |
| WBD Warner Bros Discovery Inc. | New | 0.39% | +0.39 |
| UPS United Parcel Service Class B | Add +14.5% | 0.68% | +0.35 |
| IBIT iShares Bitcoin Trust ETF | New | 0.29% | +0.29 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 0.29% | +0.29 |
| SBUX Starbucks Corp. | New | 0.25% | +0.25 |
| ON On Semiconductor | New | 0.24% | +0.24 |
| TSM Taiwan Semiconductor-SP ADR | Add +100.0% | 0.27% | +0.22 |
| BKLN Invesco Senior Loan ETF | Add +0.5% | 0.45% | +0.21 |
| BMBL Bumble Inc. Class A | New | 0.14% | +0.14 |
| AMT American Tower Corp. | Add +35.6% | 0.23% | +0.13 |
| USMV iShares MSCI USA Min Vol Fac | Add +0.3% | 0.11% | +0.06 |
Options Activity Q4 2023 → Q1 2024
| GLD SPDR Gold Shares | call | Reduce -11.1% | 1,000,000 | $205.7M |
| EEM iShares MSCI Emerging Market | put | New | 5,000,000 | $205.4M |
| GLD SPDR Gold Shares | put | Reduce -18.8% | 950,000 | $195.4M |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | put | Add +238.5% | 1,625,000 | $177.0M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -37.5% | 200,000 | $88.8M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +275.0% | 1,125,000 | $87.4M |
| KWEB Kranesh Csi China Internet | call | Sold out | 3,000,000 | $81.0Mbefore exit |
| EMB iShares JP Morgan Usd Emergi | put | Reduce -6.3% | 450,000 | $40.4M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | call | New | 500,000 | $38.9M |
| NVDA Nvidia Corp. | call | Reduce -45.6% | 32,200 | $29.1M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -88.6% | 50,000 | $26.2M |
| MSFT Microsoft Corp. | call | Reduce -69.2% | 59,100 | $24.9M |
| FXI iShares China Large-Cap ETF | put | Sold out | 900,000 | $21.6Mbefore exit |
| AMZN Amazon.com Inc. | call | Reduce -44.8% | 119,400 | $21.5M |
| XLE SS Energy Select Sector | call | Sold out | 250,000 | $21.0Mbefore exit |
| AAPL Apple Inc. | call | Reduce -69.2% | 119,500 | $20.5M |
| IWM iShares Russell 2000 ETF | put | Reduce -80.8% | 90,000 | $18.9M |
| XLE SS Energy Select Sector | put | New | 200,000 | $18.9M |
| JPM JPMorgan Chase & Co. | put | Reduce -35.6% | 92,600 | $18.5M |
| EWT iShares MSCI Taiwan ETF | call | Sold out | 400,000 | $18.4Mbefore exit |
| EWZ iShares MSCI Brazil ETF | call | New | 500,000 | $16.2M |
| GDX Vaneck Gold Miners ETF | call | Sold out | 522,400 | $16.2Mbefore exit |
| FXI iShares China Large-Cap ETF | call | Reduce -63.9% | 650,000 | $15.6M |
| LLY Eli Lilly & Co. | put | Reduce -29.6% | 19,300 | $15.0M |
| JNJ Johnson & Johnson | put | Reduce -24.9% | 73,200 | $11.6M |
| IWM iShares Russell 2000 ETF | call | New | 50,000 | $10.5M |
| MA Mastercard Inc. Class A | put | Reduce -25.9% | 19,500 | $9.4M |
| TSLA Tesla Inc. | call | Reduce -41.9% | 53,300 | $9.4M |
| COST Costco Wholesale Corp. | put | Reduce -15.2% | 12,300 | $9.0M |
| EWZ iShares MSCI Brazil ETF | put | Sold out | 250,000 | $8.7Mbefore exit |
| PG The Procter & Gamble Co. | put | Reduce -31.7% | 53,800 | $8.7M |
| ASHR Xtrackers Harvest Csi 300 CH | call | New | 350,000 | $8.4M |
| MRK Merck & Co. Inc. | put | Reduce -35.4% | 63,300 | $8.4M |
| BRK.B Berkshire Hathaway Inc. Class B | put | Reduce -77.4% | 19,300 | $8.1M |
| BAC Bank of America Corp. | put | Reduce -35.0% | 208,500 | $7.9M |
| NVDA Nvidia Corp. | put | New | 8,600 | $7.8M |
| CRM Salesforce Inc. | put | Reduce -37.3% | 25,400 | $7.6M |
| PEP Pepsico Inc. | put | Reduce -24.6% | 42,200 | $7.4M |
| AMD Advanced Micro Devices | call | Reduce -34.5% | 39,400 | $7.1M |
| EEM iShares MSCI Emerging Market | call | Sold out | 175,000 | $7.0Mbefore exit |
| HD Home Depot Inc. | put | Reduce -45.0% | 18,200 | $7.0M |
| XOM Exxon Mobil Corp. | put | Reduce -52.0% | 59,600 | $6.9M |
| WFC Wells Fargo & Co. | put | Reduce -34.2% | 111,800 | $6.5M |
| NFLX Netflix Inc. | call | Sold out | 13,200 | $6.4Mbefore exit |
| DIS The Walt Disney Co. | put | Reduce -29.7% | 45,700 | $5.6M |
| GS Goldman Sachs Group Inc. | put | Reduce -11.9% | 13,300 | $5.6M |
| META Meta Platforms Inc. Class A | call | Reduce -78.3% | 11,300 | $5.5M |
| VZ Verizon Communications Inc. | put | Reduce -19.8% | 127,600 | $5.4M |
| AVGO Broadcom Inc. | call | New | 3,900 | $5.2M |
| TXN Texas Instruments Inc. | call | Reduce -15.2% | 29,100 | $5.1M |
Showing the first 50 of 120.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| INSIGHT ENTERPRS (NSIT 0.75 02/15/25) | NOTE 0.750% 2/1 · principal | Reduce -14.5% | 17,522,000 | $47.7M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | New | 402,868 | $23.8M |
| BROGW Brooge Holdings Ltd. | *W EXP 12/20/202 | Reduce -99.4% | 66,899 | $11.1M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +35.2% | 11,087,000 | $10.0M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -52.4% | 150,490 | $9.6M |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | Reduce -40.9% | 6,500,000 | $9.4M |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | Reduce -29.3% | 9,382,000 | $9.1M |
| AXON ENTERPRISE INC (AXON 0.5 12/15/27) | NOTE 0.500%12/1 · principal | New | 5,500,000 | $8.0M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | New | 8,384,000 | $8.0M |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | Sold out | 8,015,000 | $8.0Mbefore exit |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | New | 5,166,000 | $7.5M |
| COLLEGIUM PHARMA INC (COLL 2.875 02/15/29) | NOTE 2.875% 2/1 · principal | New | 5,500,000 | $6.9M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | Sold out | 8,500,000 | $6.7Mbefore exit |
| REPLIGEN CORP | NOTE 1.000%12/1 · principal | Sold out | 5,000,000 | $5.6Mbefore exit |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -13.2% | 84,597 | $5.4M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Add +12.9% | 4,139,000 | $5.4M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | Sold out | 5,973,000 | $5.3Mbefore exit |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Reduce -60.7% | 9,000,000 | $5.1M |
| VWEWQ Vintage Wine Estates -CW27 | *W EXP 06/08/202 | Reduce -99.3% | 41,037 | $4.5M |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Add +900.0% | 5,000,000 | $4.4M |
| CENTURY ALUMINUM COMPANY (CENX 2.75 05/01/28) | NOTE 2.750% 5/0 · principal | Reduce -8.7% | 4,187,000 | $4.3M |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | New | 4,450,000 | $4.2M |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | Reduce -67.2% | 1,954,000 | $2.6M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | New | 48,270 | $2.2M |
| SUNNOVA ENERGY INTL INC (NOVA 0.25 12/01/26) | NOTE 0.250%12/0 · principal | New | 4,000,000 | $2.1M |
| VIAVI SOLUTIONS INC (VIAV 1.625 03/15/26) | NOTE 1.625% 3/1 · principal | New | 2,000,000 | $2.0M |
| TPI COMPOSITES INC (TPIC 5.25 03/15/28) | NOTE 5.250% 3/1 · principal | New | 4,100,000 | $1.9M |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | New | 1,500,000 | $1.4M |
| ALGONQUIN PWR & (AQNCN 7.75 06/15/24) | UNIT 06/15/2024 | Sold out | 49,847 | $1.1Mbefore exit |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Sold out | 28,256 | $795Kbefore exit |
| SUNNOVA ENERGY INTL INC (NOVA 2.625 02/15/28) | NOTE 2.625% 2/1 · principal | Reduce -83.9% | 1,450,000 | $599K |
| RBC BEARINGS INC (RBC 5 10/15/24 A) | 5% CNV PFD SR A | New | 3,729 | $455K |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -97.9% | 7,395 | $288K |
| CLARIVATE PLC (CLVT 5.25 06/01/24 A) | 5.25% PFD CONV A | Reduce -70.3% | 8,592 | $255K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 213 | $2.1B | RSP, SPCX, SPYM, SMH, AMZN |
| Q1 2026 | 152 | $728.7M | WIX, CRTO, BAC, PFSI, C |
| Q4 2025 | 114 | $2.4B | IVV, VST, WFC, C, BAC |
| Q3 2025Amended | 95 | $1.4B | OEF, NVDA, PCG, KWEB, MSFT |
| Q2 2025 | 55 | $714.2M | IBIT, HYG, NVDA, CRTO, UNH |
| Q1 2025 | 31 | $491.6M | ASHR, CRTO, SPY, TSM, GLD |
| Q4 2024 | 40 | $1.6B | IVV, ASHR, XBI, CRTO, IBIT |
| Q3 2024 | 33 | $200.4M | CRTO, LQD, RITM, KWEB, MDY |
| Q2 2024 | 50 | $356.9M | CRTO, GDXJ, MSFT, HYG, GLD |
| Q1 2024 | 60 | $199.1M | CRTO, RITM, EMB, SPY, XLF |