| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 166,504,000 | $151.9M | Add +26.3% |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 135,393,000 | $135.0M | New |
| VENTAS REALTY LP (VTR 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 103,600,000 | $108.7M | New |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 111,942,000 | $106.5M | Reduce -2.2% |
| DEXCOM INC (DXCM 0.375 05/15/28) | NOTE 0.375% 5/1 · principal | 105,175,000 | $102.8M | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | NOTE 3.500% 6/0 · principal | 64,683,000 | $100.0M | Add +4.0% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 98,588,000 | $99.5M | Reduce -29.6% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 108,150,000 | $89.8M | Add +10.2% |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 83,784,000 | $86.6M | Add +11.7% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 86,635,000 | $82.9M | Reduce -36.1% |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | 77,058,000 | $82.6M | Add +18.4% |
| STRIDE INC (LRN 1.125 09/01/27) | NOTE 1.125% 9/0 · principal | 57,282,000 | $82.0M | No change |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 63,285 | $75.8M | Add +43.0% |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | NOTE 3.250%12/1 · principal | 79,275,000 | $72.1M | Add +7.5% |
| HALOZYME THERAPEUTICS IN (HALO 0.25 03/01/27) | NOTE 0.250% 3/0 · principal | 74,673,000 | $71.2M | Reduce -3.9% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 41,813,000 | $66.1M | Add +10.6% |
| FIRSTENERGY CORP (FE 4 05/01/26) | NOTE 4.000% 5/0 · principal | 66,785,000 | $66.1M | New |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 73,273,000 | $65.0M | No change |
| CMS ENERGY CORP (CMS 3.375 05/01/28) | NOTE 3.375% 5/0 · principal | 58,910,000 | $57.6M | New |
| GRANITE CONSTRUCTION INC (GVA 3.75 05/15/28) | NOTE 3.750% 5/1 · principal | 37,539,000 | $54.4M | New |
| OKTA INC (OKTA 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 56,489,000 | $51.6M | No change |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 54,427,000 | $49.6M | No change |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 43,463,000 | $48.3M | Add +42.7% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 52,263,000 | $46.1M | No change |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 49,400,000 | $46.1M | Add +11.3% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 52,650,000 | $44.4M | Add +17.9% |
| ARBOR REALTY TRUST INC (ABR 7.5 08/01/25) | NOTE 7.500% 8/0 · principal | 41,945,000 | $41.9M | Add +12.0% |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 47,907,000 | $41.3M | No change |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 41,050,000 | $39.9M | New |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 49,990,000 | $39.3M | Add +47.1% |
| ALTAIR ENGINEERING INC (ALTR 1.75 06/15/27) | NOTE 1.750% 6/1 · principal | 26,460,000 | $38.5M | Reduce -1.9% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 40,650,000 | $37.8M | Reduce -13.3% |
| JBT MAREL CORP (JBTM 0.25 05/15/26) | NOTE 0.250% 5/1 · principal | 39,379,000 | $36.1M | No change |
| EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) | PFD CV TR SEC 28 | 753,738 | $35.7M | Add +1.6% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 36,968,000 | $35.4M | Reduce -28.9% |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 38,050,000 | $34.9M | New |
| CORE SCIENTIFIC INC (CORZ 12 01/23/29) | NOTE 10.000% 1/2 · principal | 21,115,702 | $34.4M | New |
| BLOCK INC (XYZ 0 05/01/26) | NOTE 5/0 · principal | 37,609,000 | $33.7M | Reduce -19.0% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 37,646,000 | $33.3M | Reduce -6.5% |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 29,975,000 | $33.1M | Add +13.2% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 26,897,000 | $29.8M | Reduce -6.9% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 24,522,000 | $29.7M | No change |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 600,000 | $29.5M | New |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 33,028,000 | $28.6M | No change |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 25,025,000 | $27.5M | New |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 23,120,000 | $27.0M | Reduce -21.6% |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 29,950,000 | $24.8M | Add +76.7% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 25,561,000 | $23.0M | Reduce -22.7% |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 41,775,000 | $23.0M | Reduce -23.7% |
| WAYFAIR INC (W 3.25 09/15/27) | NOTE 3.250% 9/1 · principal | 19,725,000 | $22.7M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 342,500 | $22.5M | Reduce -40.7% |
| INNOVIVA INC (INVA 2.5 08/15/25) | NOTE 2.500% 8/1 · principal | 19,565,000 | $21.5M | Reduce -27.0% |
| LCI INDUSTRIES (LCII 1.125 05/15/26) | NOTE 1.125% 5/1 · principal | 22,500,000 | $21.1M | Add +7.1% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 20,475,000 | $21.1M | Reduce -10.9% |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 22,795,000 | $20.6M | Add +9.6% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 16,500,000 | $20.5M | Add +10.0% |
| PERFICIENT INC (PRFT 0.125 11/15/26) | NOTE 0.125%11/1 · principal | 20,541,000 | $19.9M | Reduce -56.3% |
| HCI GROUP INC (HCI 4.75 06/01/42) | NOTE 4.750% 6/0 · principal | 15,245,000 | $19.8M | No change |
| PAR TECHNOLOGY CORP (PAR 2.875 04/15/26) | NOTE 2.875% 4/1 · principal | 12,700,000 | $16.1M | No change |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | NOTE 2.500% 7/1 · principal | 15,410,000 | $15.2M | Add +35.1% |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 16,540,000 | $15.1M | Add +26.8% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 13,567,000 | $14.9M | Add +16.9% |
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 17,500,000 | $14.5M | Add +600.0% |
| BLOOM ENERGY CORP (BE 3 06/01/28) | NOTE 3.000% 6/0 · principal | 14,825,000 | $14.3M | New |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 15,350,000 | $14.3M | Reduce -14.0% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 12,000 | $14.3M | Add +33.3% |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 16,345,000 | $14.0M | Add +24.8% |
| INNOVIVA INC (INVA 2.125 03/15/28) | NOTE 2.125% 3/1 · principal | 14,402,000 | $12.9M | Add +26.3% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 13,600,000 | $12.1M | Add +123.0% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 11,323,000 | $11.6M | Reduce -11.7% |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 11,851,000 | $11.1M | Add +37.0% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 546,740 | $10.4M | No change |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 10,711,000 | $9.6M | Reduce -29.6% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 8,650,000 | $9.3M | New |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 11,771,000 | $8.7M | No change |
| EXACT SCIENCES CORP (EXAS 0.375 03/15/27) | NOTE 0.375% 3/1 · principal | 10,000,000 | $8.7M | Reduce -9.1% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 9,400,000 | $8.6M | Reduce -34.7% |
| PAR TECHNOLOGY CORP (PAR 1.5 10/15/27) | NOTE 1.500%10/1 · principal | 8,493,000 | $7.9M | No change |
| WINNEBAGO INDUSTRIES (WGO 1.5 04/01/25) | NOTE 1.500% 4/0 · principal | 7,715,000 | $7.8M | Add +130.3% |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 8,500,000 | $7.0M | New |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 5,000,000 | $6.9M | New |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 6,875,000 | $6.3M | Reduce -22.5% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 197,041 | $5.4M | Reduce -23.2% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 5,725,000 | $5.0M | Reduce -34.4% |
| BENTLEY SYSTEMS (BSY 0.375 07/01/27) | NOTE 0.375% 7/0 · principal | 5,012,000 | $4.5M | Add +150.6% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 4,350,000 | $4.0M | No change |
| BURLINGTON STORES INC (BURL 2.25 04/15/25) | NOTE 2.250% 4/1 · principal | 3,025,000 | $3.6M | Reduce -5.5% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 3,650,000 | $3.5M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 3,000,000 | $3.2M | No change |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 2,760,000 | $3.0M | Reduce -47.5% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 1,750,000 | $1.8M | No change |
| MIDDLEBY CORP (MIDD 1 09/01/25) | NOTE 1.000% 9/0 · principal | 1,500,000 | $1.6M | No change |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 · principal | 495,177 | $0 | New |