Camden Asset Management L P

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Camden Asset Management L P reported 0 stock positions worth $0. Compared with Q3 2025, it sold out of 1. The biggest sale was an exit from Wolfspeed (WOLF).

Most Recent 13F: Q2 2026
Location: Los Angeles, CA
CIK: 0000903944
Portfolio Value: $0 (Q4 2025)
SEC Filing: 0001104659-26-014862 ↗ filed Feb 13, 2026

Holdings Value

Holdings 0 stocks · $0


None this quarter.

Other holdings (73): bonds, preferreds, convertibles and warrants · $4.0B (not counted above)

Security	Class	Shares / Principal	Value	Change
FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	229,795,000	$238.6M	Add +2.0%
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27)	NOTE 3.000% 3/0 · principal	173,693,000	$215.6M	Reduce -20.9%
AIRBNB INC (ABNB 0 03/15/26)	NOTE 3/1 · principal	189,700,000	$187.7M	Add +1.8%
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	137,729	$172.1M	Add +7.5%
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	154,379,000	$159.0M	Add +44.1%
WEC ENERGY GROUP INC (WEC 4.375 06/01/27)	NOTE 4.375% 6/0 · principal	137,234,000	$155.0M	Reduce -3.9%
EVERGY INC (EVRG 4.5 12/15/27)	NOTE 4.500%12/1 · principal	114,696,000	$139.6M	Reduce -31.2%
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	85,155,000	$120.2M	Add +1.4%
OKTA INC (OKTA 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	101,535,000	$99.1M	Add +13.7%
EXPEDIA GROUP INC (EXPE 0 02/15/26)	NOTE 2/1 · principal	87,966,000	$98.1M	Reduce -5.4%
BLACKLINE INC (BL 1 06/01/29)	NOTE 1.000% 6/0 · principal	87,391,000	$92.1M	Reduce -1.7%
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028)	NOTE 0.875%12/0 · principal	67,109,000	$87.0M	Reduce -34.6%
SOUTHERN CO (SO 7.125 12/15/28 A)	UNIT 12/15/2028	1,674,600	$83.1M	New
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26)	NOTE 3.625% 6/1 · principal	81,159,000	$80.8M	Add +20.0%
DAYFORCE INC (DAY 0.25 03/15/26)	NOTE 0.250% 3/1 · principal	78,727,000	$77.9M	No change
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	81,871,000	$77.4M	Add +33.4%
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28)	NOTE 1.750% 6/1 · principal	48,066,000	$76.3M	Reduce -0.1%
UPWORK INC (UPWK 0.25 08/15/26)	NOTE 0.250% 8/1 · principal	74,023,000	$72.1M	No change
DEXCOM INC (DXCM 0.375 05/15/28)	NOTE 0.375% 5/1 · principal	73,550,000	$67.6M	No change
WORLD KINECT GROUP (WKC 3.25 07/01/28)	NOTE 3.250% 7/0 · principal	63,850,000	$67.0M	No change
SPOTIFY USA INC (SPOT 0 03/15/26)	NOTE 3/1 · principal	58,680,000	$66.6M	No change
SNOWFLAKE INC (SNOW 0 10/01/29)	NOTE 10/0 · principal	41,176,000	$63.6M	No change
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	67,215,000	$60.0M	Reduce -3.6%
CONMED CORP (CNMD 2.25 06/15/27)	NOTE 2.250% 6/1 · principal	62,550,000	$59.9M	No change
NUTANIX INC (NTNX 0.5 12/15/29)	NOTE 0.500%12/1 · principal	61,928,000	$59.7M	New
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28)	PFD CV TR SEC 28	1,189,225	$58.4M	Reduce -0.2%
DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26)	NOTE 12/0 · principal	60,251,000	$58.0M	No change
ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29)	NOTE 2.250% 9/0 · principal	43,017,000	$54.1M	Add +13.2%
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	55,641,000	$52.9M	Add +2.0%
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	51,385,000	$52.7M	Add +15.5%
JBT MAREL CORP (JBTM 0.25 05/15/26)	NOTE 0.250% 5/1 · principal	49,865,000	$50.9M	Reduce -4.8%
TETRA TECH INC (TTEK 2.25 08/15/28)	DBCV 2.250% 8/1 · principal	46,501,000	$50.4M	No change
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28)	NOTE 1.750% 8/1 · principal	48,940,000	$46.9M	Add +15.9%
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	37,010	$44.9M	Add +30.8%
CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28)	NOTE 2.375%12/1 · principal	29,397,000	$44.6M	No change
BLOCK INC (XYZ 0 05/01/26)	NOTE 5/0 · principal	44,359,000	$43.5M	No change
UNITY SOFTWARE INC (U 0 11/15/26)	NOTE 11/1 · principal	44,877,000	$43.3M	No change
MKS INC (MKSI 1.25 06/01/30)	NOTE 1.250% 6/0 · principal	33,076,000	$42.2M	Reduce -18.5%
LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29)	NOTE 3.125% 1/1 · principal	24,975,000	$36.3M	No change
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	38,470,000	$35.6M	Reduce -20.6%
AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29)	NOTE 2.000% 3/1 · principal	36,680,000	$33.8M	No change
INNOVIVA INC (INVA 2.125 03/15/28)	NOTE 2.125% 3/1 · principal	33,052,000	$33.6M	Reduce -13.1%
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30)	NOTE 2.500% 2/0 · principal	36,235,000	$32.7M	Reduce -8.3%
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	28,419,000	$32.5M	Reduce -25.2%
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30)	NOTE 0.750% 6/0 · principal	33,000,000	$32.3M	Reduce -7.0%
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30)	NOTE 3.125% 9/1 · principal	21,500,000	$28.6M	Add +22.9%
FLUOR CORP (FLR 1.125 08/15/29)	NOTE 1.125% 8/1 · principal	22,350,000	$25.5M	No change
BOX INC (BOX 1.5 09/15/29)	NOTE 1.500% 9/1 · principal	23,500,000	$22.9M	No change
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30)	NOTE 2.250% 9/1 · principal	24,105,000	$21.6M	Add +6.6%
WORKIVA INC (WK 1.25 08/15/28)	NOTE 1.250% 8/1 · principal	21,435,000	$21.1M	No change
ALARM.COM HLDGS INC (ALRM 2.25 06/01/29)	NOTE 2.250% 6/0 · principal	20,471,000	$19.5M	No change
PINNACLE WEST CAPITAL (PNW 4.75 06/15/27)	NOTE 4.750% 6/1 · principal	18,188,000	$19.4M	Reduce -48.6%
ZIFF DAVIS INC (ZD 3.625 03/01/28)	DEBT 3.625% 3/0 · principal	19,701,000	$19.2M	Reduce -46.3%
XEROX HOLDINGS CORP (XRX 3.75 03/15/30)	NOTE 3.750% 3/1 · principal	67,650,000	$18.8M	Add +3.0%
ENPHASE ENERGY INC (ENPH 0 03/01/28)	NOTE 3/0 · principal	21,279,000	$18.5M	No change
PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26)	NOTE 1.750%12/1 · principal	19,085,000	$18.4M	No change
LYFT INC (LYFT 0.625 03/01/29)	NOTE 0.625% 3/0 · principal	13,800,000	$16.6M	Reduce -31.0%
RAPID7 INC (RPD 1.25 03/15/29)	NOTE 1.250% 3/1 · principal	18,090,000	$16.5M	Reduce -57.0%
FIVE9 INC (FIVN 1 03/15/29)	NOTE 1.000% 3/1 · principal	16,550,000	$14.9M	Reduce -23.2%
OSI SYSTEMS INC (OSIS 2.25 08/01/29)	NOTE 2.250% 8/0 · principal	10,000,000	$14.8M	New
AMC GLOBAL MEDIA INC (AMCX 4.25 02/15/29 *)	NOTE 4.250% 2/1 · principal	13,600,000	$13.9M	No change
WINNEBAGO INDUSTRIES (WGO 3.25 01/15/30)	NOTE 3.250% 1/1 · principal	14,548,000	$13.6M	Reduce -40.7%
EPR PROPERTIES (EPR 5.75 PERP C)	PFD C CV 5.75%	526,431	$11.8M	Reduce -8.7%
EVOLENT HEALTH INC (EVH 3.5 12/01/29)	NOTE 3.500%12/0 · principal	16,425,000	$11.0M	Add +64.3%
ITRON INC (ITRI 1.375 07/15/30)	NOTE 1.375% 7/1 · principal	9,139,000	$9.2M	Reduce -71.4%
MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27)	NOTE 3.250%12/1 · principal	8,000,000	$7.6M	Reduce -68.0%
LCI INDUSTRIES (LCII 1.125 05/15/26)	NOTE 1.125% 5/1 · principal	7,500,000	$7.4M	No change
PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28)	NOTE 2.875% 3/1 · principal	6,230,000	$6.8M	Reduce -90.3%
EVOLENT HEALTH INC	DEBT 4.500% 8/1 · principal	9,485,000	$6.6M	Reduce -38.8%
EPR PROPERTIES (EPR 9 PERP E)	CONV PFD 9% SR E	197,382	$5.9M	No change
ALARM.COM HLDGS INC (ALRM 0 01/15/26)	NOTE 1/1 · principal	4,623,000	$4.6M	No change
KKR & CO INC (KKR 6.25 03/01/28 D)	6.25 CON SER D	20,000	$1.0M	No change
CORZW Core Scientific Inc. - 27	*W EXP 01/23/202 · principal	760,053	$0	Add +2.8%

Total filed on the 13F, all lines: $4.0B.

Portfolio Sells Q3 2025 → Q4 2025


WOLF Wolfspeed Inc.	Sold out	—	−100.00

Portfolio Buys Q3 2025 → Q4 2025


None this quarter.

Notes & Other Activity Q3 2025 → Q4 2025


FORD MOTOR COMPANY (F 0 03/15/26)	NOTE 3/1 · principal	Add +2.0%	229,795,000	$238.6M
NEXTERA ENERGY CAPITAL (NEE 3 03/01/27)	NOTE 3.000% 3/0 · principal	Reduce -20.9%	173,693,000	$215.6M
AIRBNB INC (ABNB 0 03/15/26)	NOTE 3/1 · principal	Add +1.8%	189,700,000	$187.7M
BANK OF AMERICA CORP (BAC 7.25 PERP L)	7.25%CNV PFD L	Add +7.5%	137,729	$172.1M
DUKE ENERGY CORP (DUK 4.125 04/15/26)	NOTE 4.125% 4/1 · principal	Add +44.1%	154,379,000	$159.0M
WEC ENERGY GROUP INC (WEC 4.375 06/01/27)	NOTE 4.375% 6/0 · principal	Reduce -3.9%	137,234,000	$155.0M
EVERGY INC (EVRG 4.5 12/15/27)	NOTE 4.500%12/1 · principal	Reduce -31.2%	114,696,000	$139.6M
VENTAS REALTY LP (VTR 3.75 06/01/26)	NOTE 3.750% 6/0 · principal	Add +1.4%	85,155,000	$120.2M
WESTERN DIGITAL CORP (WDC 3 11/15/28)	NOTE 3.000%11/1 · principal	Sold out	36,775,000	$118.0Mbefore exit
OKTA INC (OKTA 0.375 06/15/26)	NOTE 0.375% 6/1 · principal	Add +13.7%	101,535,000	$99.1M
EXPEDIA GROUP INC (EXPE 0 02/15/26)	NOTE 2/1 · principal	Reduce -5.4%	87,966,000	$98.1M
BLACKLINE INC (BL 1 06/01/29)	NOTE 1.000% 6/0 · principal	Reduce -1.7%	87,391,000	$92.1M
UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028)	NOTE 0.875%12/0 · principal	Reduce -34.6%	67,109,000	$87.0M
SHOPIFY INC (SHOPCN 0.125 11/01/25)	NOTE 0.125%11/0 · principal	Sold out	81,563,000	$85.7Mbefore exit
SOUTHERN CO (SO 7.125 12/15/28 A)	UNIT 12/15/2028	New	1,674,600	$83.1M
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26)	NOTE 3.625% 6/1 · principal	Add +20.0%	81,159,000	$80.8M
ON SEMICONDUCTOR CORP (ON 0.5 03/01/29)	NOTE 0.500% 3/0 · principal	Add +33.4%	81,871,000	$77.4M
IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28)	NOTE 1.750% 6/1 · principal	Reduce -0.1%	48,066,000	$76.3M
HAEMONETICS CORP (HAE 2.5 06/01/29)	NOTE 2.500% 6/0 · principal	Sold out	69,261,000	$63.9Mbefore exit
ETSY INC (ETSY 0.25 06/15/28)	NOTE 0.250% 6/1 · principal	Reduce -3.6%	67,215,000	$60.0M
NUTANIX INC (NTNX 0.5 12/15/29)	NOTE 0.500%12/1 · principal	New	61,928,000	$59.7M
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28)	PFD CV TR SEC 28	Reduce -0.2%	1,189,225	$58.4M
ANI PHARMACEUTICALS INC (ANIP 2.25 09/01/29)	NOTE 2.250% 9/0 · principal	Add +13.2%	43,017,000	$54.1M
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	Add +2.0%	55,641,000	$52.9M
EXACT SCIENCES CORP (EXAS 0.375 03/01/28)	NOTE 0.375% 3/0 · principal	Add +15.5%	51,385,000	$52.7M
JBT MAREL CORP (JBTM 0.25 05/15/26)	NOTE 0.250% 5/1 · principal	Reduce -4.8%	49,865,000	$50.9M
HALOZYME THERAPEUTICS IN (HALO 1 08/15/28)	NOTE 1.000% 8/1 · principal	Sold out	35,208,000	$49.5Mbefore exit
ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28)	NOTE 1.750% 8/1 · principal	Add +15.9%	48,940,000	$46.9M
WELLS FARGO & COMPANY (WFC 7.5 PERP L)	PERP PFD CNV A	Add +30.8%	37,010	$44.9M
MKS INC (MKSI 1.25 06/01/30)	NOTE 1.250% 6/0 · principal	Reduce -18.5%	33,076,000	$42.2M
BLOCK INC (XYZ 0.25 11/01/27)	NOTE 0.250%11/0 · principal	Reduce -20.6%	38,470,000	$35.6M
INNOVIVA INC (INVA 2.125 03/15/28)	NOTE 2.125% 3/1 · principal	Reduce -13.1%	33,052,000	$33.6M
BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29)	NOTE 2.250% 2/0 · principal	Sold out	34,000,000	$33.5Mbefore exit
IMMUNOCORE HOLDINGS (IMCR 2.5 02/01/30)	NOTE 2.500% 2/0 · principal	Reduce -8.3%	36,235,000	$32.7M
LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27)	NOTE 2.625%12/1 · principal	Reduce -25.2%	28,419,000	$32.5M
MICROCHIP TECHNOLOGY INC (MCHP 0.75 06/01/30)	NOTE 0.750% 6/0 · principal	Reduce -7.0%	33,000,000	$32.3M
JAZZ INVESTMENTS I LTD (JAZZ 3.125 09/15/30)	NOTE 3.125% 9/1 · principal	Add +22.9%	21,500,000	$28.6M
SHAKE SHACK INC (SHAK 0 03/01/28)	NOTE 3/0 · principal	Sold out	25,716,000	$24.3Mbefore exit
VISHAY INTERTECHNOLOGY (VSH 2.25 09/15/30)	NOTE 2.250% 9/1 · principal	Add +6.6%	24,105,000	$21.6M
PINNACLE WEST CAPITAL (PNW 4.75 06/15/27)	NOTE 4.750% 6/1 · principal	Reduce -48.6%	18,188,000	$19.4M
ZIFF DAVIS INC (ZD 3.625 03/01/28)	DEBT 3.625% 3/0 · principal	Reduce -46.3%	19,701,000	$19.2M
AKAMAI TECHNOLOGIES INC (AKAM 1.125 02/15/29)	NOTE 1.125% 2/1 · principal	Sold out	20,500,000	$19.2Mbefore exit
XEROX HOLDINGS CORP (XRX 3.75 03/15/30)	NOTE 3.750% 3/1 · principal	Add +3.0%	67,650,000	$18.8M
PAGERDUTY INC. (PD 1.5 10/15/28 *)	NOTE 1.500%10/1 · principal	Sold out	19,129,000	$18.7Mbefore exit
LYFT INC (LYFT 0.625 03/01/29)	NOTE 0.625% 3/0 · principal	Reduce -31.0%	13,800,000	$16.6M
RAPID7 INC (RPD 1.25 03/15/29)	NOTE 1.250% 3/1 · principal	Reduce -57.0%	18,090,000	$16.5M
PTC THERAPEUTICS INC (PTCT 1.5 09/15/26)	NOTE 1.500% 9/1 · principal	Sold out	12,500,000	$16.0Mbefore exit
ADVANCED ENERGY IND (AEIS 2.5 09/15/28)	NOTE 2.500% 9/1 · principal	Sold out	11,000,000	$15.2Mbefore exit
FIVE9 INC (FIVN 1 03/15/29)	NOTE 1.000% 3/1 · principal	Reduce -23.2%	16,550,000	$14.9M
OSI SYSTEMS INC (OSIS 2.25 08/01/29)	NOTE 2.250% 8/0 · principal	New	10,000,000	$14.8M

Showing the first 50 of 61.

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	0	$0
Q1 2026	1	$8.0M	BA
Q4 2025	0	$0
Q3 2025	1	$9.5M	WOLF
Q2 2025	0	$0
Q1 2025	0	$0
Q4 2024	0	$0
Q3 2024	0	$0
Q2 2024	1	$9.8M	NEE
Q1 2024	1	$28.7M	NEE