DLD Asset Management, LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), DLD Asset Management, LP reported 25 stock positions worth $39.6 million. Its top holding was Anheuser-Busch Inbev-SPN ADR (BUD) at 26.9% of the portfolio, followed by Microchip Technology (MCHP, 16.6%) and Zillow Class C (Z, 6.0%). Compared with Q4 2023, it opened 13 new positions, sold out of 11, added to 4 and reduced 4. The biggest buy was a new position in Anheuser-Busch Inbev-SPN ADR (BUD) and the biggest sale Tyler Technologies (TYL, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001578299
- Portfolio Value
- $39.6M (Q1 2024)
- SEC Filing
- 0001085146-24-002459 ↗ filed May 14, 2024
Holdings Value
Holdings 25 stocks · $39.6M
| BUD Anheuser-Busch Inbev-SPN ADR | 26.89% | 175,000 | $10.6M | New |
| MCHP Microchip Technology Inc. | 16.61% | 73,263 | $6.6M | Add +6.2% |
| Z Zillow Group Inc. Class C | 5.97% | 48,400 | $2.4M | New |
| HES Hess Corp. | 5.94% | 15,400 | $2.4M | New |
| TYL Tyler Technologies Inc. | 5.73% | 5,334 | $2.3M | Reduce -46.6% |
| PXD Pioneer Natural Resources Co. | 3.65% | 5,500 | $1.4M | Reduce -28.6% |
| DFS Discover Financial Services | 3.55% | 10,700 | $1.4M | New |
| X United States Steel Corp. | 3.40% | 33,000 | $1.3M | Add +114.3% |
| FORL Four Leaf Acquisition Cor-A | 3.14% | 116,000 | $1.2M | No change |
| NWLI National Western Life Grou-A | 2.74% | 2,200 | $1.1M | No change |
| IBIT iShares Bitcoin Trust ETF | 2.59% | 25,350 | $1.0M | New |
| CSTR Capstar Financial Holdings I | 2.46% | 48,500 | $975K | Add +47.0% |
| ACI Albertsons Cos Inc. Class A | 2.30% | 42,500 | $911K | Add +286.4% |
| VZIO Vizio Holding Corp. Class A | 2.13% | 77,000 | $842K | New |
| LUV Southwest Airlines Co. | 2.10% | 28,476 | $831K | Reduce -71.9% |
| JNPR Juniper Networks Inc. | 2.06% | 22,000 | $815K | New |
| EVBG Everbridge Inc. | 1.94% | 22,000 | $766K | New |
| RCM R1 RCM Inc. | 1.79% | 55,000 | $708K | New |
| CERE Cerevel Therapeutics Holding | 1.76% | 16,500 | $697K | New |
| ERF Enerplus Corp. | 1.09% | 22,000 | $433K | New |
| TH Target Hospitality Corp. | 0.91% | 33,000 | $359K | New |
| EDR Endeavor Group Hold Class A | 0.72% | 11,000 | $283K | Reduce -50.0% |
| LLAP Terran Orbital Corp. | 0.26% | 77,000 | $101K | New |
| GNW Genworth Financial Inc. | 0.16% | 10,000 | $64K | No change |
| SIRI Sirius XM Holdings Inc. | 0.11% | 11,000 | $43K | No change |
Options reported separately and not counted above: LQDA puts ($40.8M), SPY puts ($36.6M), ASPN puts ($17.8M), LUV puts ($8.8M), W puts ($7.3M), LQDA calls ($4.3M), RIG puts ($4.1M), HASI puts ($2.7M), MCHP puts ($2.7M), SPHR puts ($2.5M), ALNY puts ($1.5M), Z puts ($1.5M), and 14 more.
Other holdings (20): bonds, preferreds, convertibles and warrants · $540.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | 31,750,000 | $136.3M | Add +467.0% |
| GEO CORRECTIONS HLDGS (GEO 6.5 02/23/26) | NOTE 6.500% 2/2 · principal | 27,500,000 | $47.1M | Add +49.5% |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 13,500,000 | $38.4M | Reduce -44.1% |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | 18,000,000 | $36.7M | Add +16.8% |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 21,500,000 | $29.9M | Add +49.8% |
| SAREPTA THERAPEUTICS INC (SRPT 1.5 11/15/24) | DBCV 1.500%11/1 · principal | 16,000,000 | $28.6M | Add +9.1% |
| VAREX IMAGING CORPORATIO (VREX 4 06/01/25) | NOTE 4.000% 6/0 · principal | 25,750,000 | $28.6M | Add +62.0% |
| LIVENT CORP (LTHM 4.125 07/15/25) | NOTE 4.125% 7/1 · principal | 20,000,000 | $26.6M | Reduce -7.7% |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 25,000,000 | $23.7M | Add +79.0% |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | 20,000,000 | $21.4M | Add +10.5% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 16,450,000 | $21.3M | Add +23.4% |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 12,500,000 | $17.1M | New |
| TANDEM DIABETES CARE INC (TNDM 1.5 05/01/25) | NOTE 1.500% 5/0 · principal | 14,700,000 | $14.4M | Add +28.2% |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 15,000,000 | $14.1M | New |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | 14,500,000 | $13.6M | New |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 4,000,000 | $11.4M | No change |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 11,500,000 | $10.9M | New |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 10,000,000 | $9.3M | New |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 10,000,000 | $9.2M | New |
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | 2,500,000 | $1.6M | No change |
Total filed on the 13F, all lines: $579.9M.
Portfolio Sells Q4 2023 → Q1 2024
| TYL Tyler Technologies Inc. | Reduce -46.6% | 5.73% | −10.25 |
| LUV Southwest Airlines Co. | Reduce -71.9% | 2.10% | −9.09 |
| IMGN Immunogen Inc. | Sold out | 0.00% | −6.24 |
| OAKU Oak Woods Acquisition Corp. Class A | Sold out | 0.00% | −3.14 |
| AYX Alteryx Inc. Class A | Sold out | 0.00% | −2.98 |
| PXD Pioneer Natural Resources Co. | Reduce -28.6% | 3.65% | −2.98 |
| HOLI Hollysys Automation Technolo | Sold out | 0.00% | −2.77 |
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −2.66 |
| PGTI PGT Innovations Inc. | Sold out | 0.00% | −2.57 |
| ESMT Engagesmart Inc. | Sold out | 0.00% | −1.93 |
| HRT Hireright Holdings Corp. | Sold out | 0.00% | −1.42 |
| EDR Endeavor Group Hold Class A | Reduce -50.0% | 0.72% | −1.28 |
| PRAX Praxis Precision Medicines I | Sold out | 0.00% | −0.85 |
| ASPN Aspen Aerogels Inc. | Sold out | 0.00% | −0.30 |
| SLGC Somalogic Inc. | Sold out | 0.00% | −0.11 |
Portfolio Buys Q4 2023 → Q1 2024
| BUD Anheuser-Busch Inbev-SPN ADR | New | 26.89% | +26.89 |
| Z Zillow Group Inc. Class C | New | 5.97% | +5.97 |
| HES Hess Corp. | New | 5.94% | +5.94 |
| DFS Discover Financial Services | New | 3.55% | +3.55 |
| IBIT iShares Bitcoin Trust ETF | New | 2.59% | +2.59 |
| VZIO Vizio Holding Corp. Class A | New | 2.13% | +2.13 |
| JNPR Juniper Networks Inc. | New | 2.06% | +2.06 |
| EVBG Everbridge Inc. | New | 1.94% | +1.94 |
| RCM R1 RCM Inc. | New | 1.79% | +1.79 |
| CERE Cerevel Therapeutics Holding | New | 1.76% | +1.76 |
| ACI Albertsons Cos Inc. Class A | Add +286.4% | 2.30% | +1.34 |
| ERF Enerplus Corp. | New | 1.09% | +1.09 |
| TH Target Hospitality Corp. | New | 0.91% | +0.91 |
| X United States Steel Corp. | Add +114.3% | 3.40% | +0.54 |
| LLAP Terran Orbital Corp. | New | 0.26% | +0.26 |
| CSTR Capstar Financial Holdings I | Add +47.0% | 2.46% | +0.10 |
| MCHP Microchip Technology Inc. | Add +6.2% | 16.61% | −7.19 |
Options Activity Q4 2023 → Q1 2024
| RCL Royal Caribbean Cruises Ltd. | put | Sold out | 406,900 | $52.7Mbefore exit |
| LQDA Liquidia Corp. | put | New | 339,000 | $40.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 70,000 | $36.6M |
| ASPN Aspen Aerogels Inc. | put | Reduce -84.2% | 381,400 | $17.8M |
| AVXL Anavex Life Sciences Corp. | put | Sold out | 1,005,600 | $9.4Mbefore exit |
| LUV Southwest Airlines Co. | put | Reduce -25.4% | 252,800 | $8.8M |
| W Wayfair Inc. Class A | put | Reduce -72.0% | 107,600 | $7.3M |
| MDRX Veradigm Inc. | put | Sold out | 690,000 | $7.2Mbefore exit |
| NTRA Natera Inc. | put | Sold out | 78,300 | $4.9Mbefore exit |
| LQDA Liquidia Corp. | call | Reduce -6.9% | 290,700 | $4.3M |
| RIG Transocean Ltd. | put | Reduce -81.9% | 424,400 | $4.1M |
| GES Guess? Inc. | put | Sold out | 124,000 | $2.9Mbefore exit |
| IMGN Immunogen Inc. | put | Sold out | 96,000 | $2.8Mbefore exit |
| HASI Ha Sustainable Infrastructur | put | Reduce -69.6% | 95,100 | $2.7M |
| MCHP Microchip Technology Inc. | put | Reduce -64.2% | 30,000 | $2.7M |
| SPHR Sphere Entertainment Co. | put | New | 50,000 | $2.5M |
| ENV Envestnet Inc. | put | Sold out | 36,000 | $1.8Mbefore exit |
| ALNY Alnylam Pharmaceuticals Inc. | put | New | 10,000 | $1.5M |
| Z Zillow Group Inc. Class C | put | New | 30,000 | $1.5M |
| X United States Steel Corp. | put | Add +46.7% | 33,000 | $1.3M |
| SRPT Sarepta Therapeutics Inc. | put | Reduce -5.0% | 9,500 | $1.2M |
| MCHP Microchip Technology Inc. | call | Reduce -38.4% | 12,500 | $1.1M |
| SPR Spirit Aerosystems Hold Class A | put | Sold out | 35,200 | $1.1Mbefore exit |
| RCM R1 RCM Inc. | put | New | 55,000 | $708K |
| ASPN Aspen Aerogels Inc. | call | New | 38,600 | $660K |
| JNPR Juniper Networks Inc. | call | New | 16,500 | $611K |
| VAC Marriott Vacations World | put | Sold out | 7,100 | $603Kbefore exit |
| EVEX.WS Eve Holdng Inc. -CW25 | call | Sold out | 359,203 | $352Kbefore exit |
| SLRN Acelyrin Inc. | call | New | 26,000 | $175K |
| IVCWF Investcorp Europe Acquis -27 | call | Sold out | 493,081 | $113Kbefore exit |
| LVWR.WS Livewire Group Inc.-27 | call | Reduce -47.5% | 207,872 | $52K |
| ALURW Allurion Technologies-28 | call | Reduce -31.4% | 185,995 | $47K |
| AMPX.WS Amprius Technologies Inc. | call | Reduce -48.3% | 149,218 | $37K |
| LUNRW Intuitive Machines Inc.-CW | call | New | 21,000 | $37K |
| NETDW Nabors Energy Transiti-CW | call | Reduce -53.7% | 28,931 | $4K |
| OAKUW Oak Woods Acquisition -28 | call | Sold out | 78,000 | $2Kbefore exit |
| KVAWF Keen Vision Acquisition C-28 | call | Sold out | 48,928 | $2Kbefore exit |
| FORLW Four Leaf Acquisition Cor-28 | call | Sold out | 65,000 | $2Kbefore exit |
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
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | Add +467.0% | 31,750,000 | $136.3M |
| BLOOMIN BRANDS INC (BLMN 5 05/01/25) | NOTE 5.000% 5/0 · principal | Sold out | 42,633,000 | $108.5Mbefore exit |
| GEO CORRECTIONS HLDGS (GEO 6.5 02/23/26) | NOTE 6.500% 2/2 · principal | Add +49.5% | 27,500,000 | $47.1M |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | Reduce -44.1% | 13,500,000 | $38.4M |
| TRANSOCEAN INTERNTNL LTD (RIG 4.625 09/30/29 *) | DEB 4.625% 9/3 · principal | Add +16.8% | 18,000,000 | $36.7M |
| CHART INDUSTRIES INC (GTLS 1 11/15/24) | NOTE 1.000%11/1 · principal | Sold out | 15,200,000 | $35.4Mbefore exit |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | Add +49.8% | 21,500,000 | $29.9M |
| PROGRESS SOFTWARE CORP (PRGS 1 04/15/26) | NOTE 1.000% 4/1 · principal | Sold out | 27,628,000 | $29.2Mbefore exit |
| SAREPTA THERAPEUTICS INC (SRPT 1.5 11/15/24) | DBCV 1.500%11/1 · principal | Add +9.1% | 16,000,000 | $28.6M |
| VAREX IMAGING CORPORATIO (VREX 4 06/01/25) | NOTE 4.000% 6/0 · principal | Add +62.0% | 25,750,000 | $28.6M |
| LIVENT CORP (LTHM 4.125 07/15/25) | NOTE 4.125% 7/1 · principal | Reduce -7.7% | 20,000,000 | $26.6M |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | Add +79.0% | 25,000,000 | $23.7M |
| VERADIGM INC (MDRX 0.875 01/01/27) | NOTE 0.875% 1/0 · principal | Sold out | 23,054,000 | $23.2Mbefore exit |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | NOTE 6.750% 7/1 · principal | Add +10.5% | 20,000,000 | $21.4M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Add +23.4% | 16,450,000 | $21.3M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | New | 12,500,000 | $17.1M |
| TANDEM DIABETES CARE INC (TNDM 1.5 05/01/25) | NOTE 1.500% 5/0 · principal | Add +28.2% | 14,700,000 | $14.4M |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | New | 15,000,000 | $14.1M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Sold out | 11,700,000 | $13.9Mbefore exit |
| ENCORE CAPITAL GROUP INC (ECPG 4 03/15/29) | NOTE 4.000% 3/1 · principal | New | 14,500,000 | $13.6M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Sold out | 14,800,000 | $13.1Mbefore exit |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | New | 11,500,000 | $10.9M |
| PARSONS CORP (PSN 0.25 08/15/25) | NOTE 0.250% 8/1 · principal | Sold out | 7,550,000 | $10.8Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Sold out | 10,000,000 | $10.2Mbefore exit |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | Sold out | 10,050,000 | $9.5Mbefore exit |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | New | 10,000,000 | $9.3M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | New | 10,000,000 | $9.2M |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | Sold out | 9,645,000 | $9.0Mbefore exit |
| IRONWOOD PHARMACEUTICALS (IRWD 0.75 06/15/24) | NOTE 0.750% 6/1 · principal | Sold out | 8,200,000 | $8.7Mbefore exit |
| INTEGRA LIFESCIENCES HLD (IART 0.5 08/15/25) | NOTE 0.500% 8/1 · principal | Sold out | 8,961,000 | $8.5Mbefore exit |
| SPLUNK INC (SPLK 1.125 09/15/25) | NOTE 1.125% 9/1 · principal | Sold out | 4,500,000 | $5.0Mbefore exit |
| BIOMARIN PHARMACEUTICAL (BMRN 0.599 08/01/24) | NOTE 0.599% 8/0 · principal | Sold out | 5,000,000 | $4.9Mbefore exit |
| LUMENTUM HOLDINGS INC (LITE 0.25 03/15/24) | NOTE 0.250% 3/1 · principal | Sold out | 600,000 | $606Kbefore exit |
| OAKUR Oak Woods Acquisition Cor-RT | RIGHT 03/23/2028 | Sold out | 78,000 | $12Kbefore exit |
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 | 222 | $366.9M | AMKR, AUR, MRT, NSC, DYNC |
| Q1 2026 | 197 | $331.3M | MRT, MDLN, SARO, DBCA, CEPT |
| Q4 2025 | 173 | $289.4M | MRT, WELL, ELME, MTSI, ASTS |
| Q3 2025Amended | 136 | $238.3M | MRT, WELL, ITRI, ELME, NETD |
| Q2 2025Amended | 102 | $206.7M | WELL, MRT, SPOTIFY USA INC (SPOT 0 03/15/26), NETD, GWRE |
| Q1 2025Amended | 58 | $115.9M | MRT, ARES ACQUISITION CORP II, OACC, FTW, RAC.U |
| Q4 2024 | 31 | $76.8M | MRT, KDP, MIDD, FYBR, ALE |
| Q3 2024 | 15 | $39.1M | MIDD, IRTC, K, ALE, HES |
| Q2 2024 | 34 | $49.5M | MIDD, ZS, IRTC, ALNY, MRO |
| Q1 2024 | 25 | $39.6M | BUD, MCHP, Z, HES, TYL |